Among others the family of Joseph Seligman who emigrated to the United States and founded an international bank lived there.
Together, they had five sons, David, George Washington, Edwin Robert Anderson Seligman, Isaac Newton Seligman, and Alfred Lincoln, as well as four daughters, Frances, Sophie and two others.
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Joseph's father wanted him to enter the family wool business, but circumstances made this difficult; in particular, migration of the peasant class (Seligman's father's customers) from rural areas to urban meant a loss of job opportunities and a shrinking economic base in Baiersdorf.
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On September 27, 1880 the town of Roller's Ridge (or Herdsville), Missouri, was renamed Seligman, in honor of Joseph Seligman and in recognition of the benefits the railroad had brought to the community.
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He was born in Baiersdorf, Germany, emigrating to the United States when he was 18.
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