Artistic and Philanthropic Interests
Edmond de Rothschild inherited Château Rothschild, Boulogne-Billancourt and owned the Château Rothschild d'Armainvilliers in Gretz-Armainvilliers in the Seine-et-Marne département.
Edmond took little active part in banking but pursued artistic and philanthropic interests, helping to found scientific research institutions such as the Institut Henri Poincaré, the Institut de Biologie physico-chimique, the pre-Centre National de la Recherche Scientifique, the Casa Velázquez in Madrid, and the French Institute in London. He served as a member of the French Académie des Beaux-Arts and through it sponsored the archaeological digs of Charles-Simon Clermont-Ganneau in Egypt, Eustache de Lorey in Syria, and Raymond Weyl in Palestine.
Edmond de Rothschild acquired an important collection of drawings and engravings that he bequeathed to the Louvre consisting of more than 40,000 engravings, nearly 3,000 drawings, and 500 illustrated books. Included in this gift were more than one hundred engravings and drawings by Rembrandt. A portion of his art collection was bequeathed to his son James A. de Rothschild and is now part of the National Trust collection at Waddesdon Manor. However, in 1882 Edmond cut back on his purchases of art and began to buy land in Palestine. He became a leading proponent of the Zionist movement, financing the first site at Rishon LeZion. In his goal for the establishment of a Jewish homeland, he promoted industrialization and economic development. In 1924, he established the Palestine Jewish Colonization Association (PICA), which acquired more than 125,000 acres (50,586 ha) of land and set up business ventures.
Edmond de Rothschild also played a pivotal role in Israel's wine industry. Under the supervision of his administrators in Palestine, farm colonies and vineyards were established, and two major wineries were opened in Rishon LeZion and Zichron Yaakov.
It is estimated that Edmond de Rothschild spent over $50 million dollars in supporting the settlements, and backed research in electricity by engineers and financed development of an electric generating station. In a 1934 letter to the League of Nations, Edmond de Rothschild stated that "the struggle to put an end to the Wandering Jew, could not have as its result, the creation of the Wandering Arab."
Read more about this topic: Edmond James De Rothschild
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