Stieglitz Family, bankers

Categories / Economy/Personalia
STIEGLITZ FAMILY, bankers and entrepreneurs. The first representatives of the family came to Russia from Arolsen, the princedom of Waldeck, Germany, in the late 18th century. Nikolay Stieglitz (1770-1820) opened a trading house in St. Petersburg. His brother Ludwig Stieglitz (1779-1843, St. Petersburg) came to the capital in 1802 to conduct export and import trade. He made a significant fortune soon afterwards and became a court banker. He took Russian citizenship in 1807 and was entitled to baronage in 1826. His company carried out calculations related to Russian citizens’ trips abroad from the 1830s. He was buried at Volkovskoe Lutheran Cemetery. It was his son Alexander Ludwigovich Stieglitz (1814, St. Petersburg - 1884, St. Petersburg), Actual Privy Counsellor (1881), who became the head of the banking house in 1843. He acted as an intermediary for Russia in organizing foreign loans for construction of a railroad between St. Petersburg and Moscow in 1842, 1843, 1844, and 1847, as well as loans for military purposes in 1854 and 1855. He himself granted significant loans to entrepreneurs in St. Petersburg. He was also owner and then shareholder of a number of textile factories, including Ekateringofskaya Cotton Mill and Nevskaya Cotton Mill in St. Petersburg. His funds were used to build a railroad to Peterhof with a branch line to Krasnoe Selo in 1857. He was a founding member of the General Company of Russian Rail Carriers. Stieglitz was at the head of St. Petersburg Exchange Committee in 1846-59. He gave up his business activities after he became the first manager of the newly-founded State Bank in 1860-66. He donated considerable sums to educational institutions, hospitals, and orphanages. Stieglitz used his own funds to open Stieglitz Central Technical Drawing School and the school's museum in 1879 and bequeathed significant funds to these institutions. He was succeeded by his foster daughter N. M. Iyuneva, wife of A. A. Polovtsev, who sold the Stieglitz family's mansion, built by architect A. I. Krakau at 68 Angliiskaya Embankment in 1859-62, to Grand Duke Pavel Alexandrovich in 1887.

Reference: Ананьич Б. В. Банкирские дома в России, 1860-1914 гг. Л., 1991. С. 8-22.

V. S. Solomko. Iyuneva Nadezhda Mikhailovna
Krakau Georg Alexander (Alexander Ivanovich)
Pavel Alexandrovich, Grand Prince
Stieglitz Alexander Ludwigovich, Baron
Stieglitz Ludwig
Stieglitz Nikolay
the Stieglitzs
Angliiskaya Embankment/Saint Petersburg, city, house 68
Ананьич Б. В. Банкирские дома в России, 1860-1914 гг. Л., 1991 Exchange Committee
State Bank
Crafts Academy