Further (a most important point already touched on in passing), these great fortunes are ephemeral.
In the European nations you have a mass of great fortunes far larger in number, and even in total, than the Jewish financial fortunes. But those great fortunes have been in the past and are still, wherever our society is healthy, permanent. They run through European history in the shape of the great families, in the shape of the nobility.
The great territorial families in this country have been wealthy for centuries and remain in established wealth, and the same is in the main true of the great Italian families, it is obviously true of the great German families, and, in spite of the great changes of the last century and a half, it is still largely true of the old French families. It is not true of the Jewish families. The vast Jewish fortunes which have marked history rise suddenly and melt again almost as suddenly. A Jew will begin in some very small way—as a pawnbroker in Liverpool, for instance, or a very small bookseller in Frankfort. You will find his son a great banker, his grandson so wealthy as to command politics for a generation, and then (if you will watch the process in the past—to take a modern unfinished instance is of course misleading) at last, and soon, the name disappears again, and disappears for ever.
Whom have you representing to-day the few great Jewish fortunes of the early Middle Ages in England? They were all ruined before the end of the thirteenth century. Whom have you representing the later great Jewish fortunes on the Rhine, the fortunes of the sixteenth century and the early seventeenth? They have utterly gone. Who have you left representing the considerable Jewish houses of Medieval Venice? of Genoa? of Rome?