Towers of gold

by Frances Dinkelspiel

Isaias Hellman, a Jewish immigrant, arrived in California in 1859 with little money in his pocket and his brother Herman by his side. By the time he died, he had effectively transformed Los Angeles into the modern metropolis we see today. In Frances Dinkelspeil's groundbreaking history, the early days of California are seen through the life of a man who started out as a simple store owner only to become California's premier money man of the late 19th and early 20th centuries. Growing up as a young immigrant, Hellman quickly learned the use to which capital could be put, founding Los Angeles's Farmers and Merchants Bank, that city's first successful bank, and transforming Wells Fargo into one of the West's biggest financial institutions. He invested money with Henry Huntington to build trolley lines, lent Edward Doheny the funds that led him to discover California's huge oil reserves, and assisted Harrison Gray Otis in acquiring full ownership of the Los Angeles Times. Hellman led the b