Insurance

Frederick Rauh was one of the leading German-Jewish insurance magnates in nineteenth-century America. His firm, Frederick Rauh & Co, founded in 1872, was among the oldest general insurance companies in the United States before its purchase by Acordia in 1994.

The life and career of Albert Scheffer, a St. Paul, Minnesota, businessman, is entwined with the financial development of the Upper American Midwest in the latter nineteenth century. He founded numerous banks and companies with great hope but eventually closed them with much sorrow. However, Scheffer was more than just a businessman. During his long career, he also became deeply involved in civic affairs in St. Paul, in local and state politics, in the fraternal affairs of Civil War veterans, and in caring for his extended family.