American financier; born at Mobile, Ala., Oct. 9, 1852; great-grandson of Haym Salomon. His parents removed to Philadelphia a few years after his birth; and in 1864 he went to New York city, where he received his education. In 1867 he entered the employ of Philip Speyer & Co., subsequently Speyer & Co., of New York. During his leisure hours he studied German and French; and in 1870 he was transferred to the house of Speyer & Co. of Frankfort-on-the-Main, spending a few months with the London branch. Returning in 1872 to New York city, he in 1873 was made one of the managers and in 1882 a member of the firm of Speyer & Co., which firm he left in 1899, founding the banking-house of William Salomon & Co. in 1902.
Salomon has been very active in railroad finance, and was prominently interested in the reorganization of the Baltimore & Ohio Railroad. He has been an extensive traveler in America and Europe, and has contributed a number of articles on financial and other topics to the magazines of the day.
- Prominent and Progressive Americans, pp. 295-297, New York, 1902.