After the American Civil War ended, the eight Seligman brothers decided to go into the banking business and a year later, Jesse Seligman went to Frankfurt, Hesse-Nassau, to open a bank, where they were the first American banking firm to sell United States Government bonds in Europe.
After the American Civil War ended, the eight Seligman brothers embarked on a banking venture, and a year later, Jesse Seligman traveled to Frankfurt, Hesse-Nassau, to establish a bank, becoming the first American financial institution to sell U.S. government bonds in Europe.