City of Paris (originally S. Lazard & Co.) was a dry goods store and eventually Los Angeles' first department store, operating from the 1850s through 1897, first as Lazard & Kremer Co., then Lazard & Wolfskill Co., then S. Lazard & Co., then with the store name City of Paris operated by Eugene Meyer & Co., then by Stern, Cahn & Loeb. It should not be confused with the much more famous City of Paris store of San Francisco, or the Ville de Paris department store of Los Angeles, of Mr. A. Fusenot, which was a spinoff of San Francisco's "City of Paris".
French immigrant Solomon Lazard and a cousin, Maurice Kremer, became partners and opened a dry goods store, Lazard & Kremer Co., in 1852 in a row of shops called Mellus Row, later called the Bell Block, or Bell's Row, on the southeast corner of Los Angeles Street at Aliso Street, until Kremer sold his share to Timoteo Wolfskill (1835–1909) to form Lazard & Wolfskill Co. on June 16, 1857. [1] After Wolfskill withdrew from the partnership on August 13, 1858 [2] the company became S. Lazard & Co.
In 1867 Lazard moved the business to 53 Main Street. It was a place where elegant Los Angeles women sought the latest thing in French fashion. [3] [4] [5] [6] [7]
Strasbourg, Alsace-born Marc Eugene Meyer (father of financier Eugene Meyer who would own The Washington Post and be president of the World Bank and Federal Reserve) joined Constant Meyer and Nathan Cahn (or Kahn) to buy S. Lazard & Co. from Mr. Lazard in 1874, and from that point forward, operated as Eugene Meyer & Co. and named the store itself the City of Paris. [8] As of March 1874, Eugene Meyer & Co. promoted themselves as "successors to S. Lazard & Co." doing business as the "City of Paris" store at 51-53 Main Street, [9] and in the 1878 city directory at 53–55 Main Street "opposite the St. Charles Hotel", [10] thus on the west side of the street near the St. Elmo Hotel.
In January 1879, Eugene Meyer's cousin, Leon (Leopold) Loeb, was added as a partner to Eugene Meyer & Co. [11] Leon Loeb was the son-in-law of pioneer Harris Newmark (born in Löbau/Loebau, Prussia), and he was the father of Joseph P. Loeb.
October 2, 1880 Meyer's City of Paris opened in a new location; the entire building was known as the City of Paris Block, at 17–19 Spring Street. just south of First Street and the Nadeau Hotel which would be built in 1888. [12]
In Spring 1883 the City of Paris moved to new premises at 105-107 North Spring Street (pre-1890 numbering; west side between Franklin Temple, just north of the Jones Block; post-1890 numbering: 205–207 North Spring Street).
In October 1883 the Meyers sold out, Marc Eugene Meyer moved to San Francisco, Emmanuel L. Stern was admitted as a partner, and the three partners formed Stern, Cahn & Loeb. [13] The store continued to be known as "The City of Paris", [14] in what was then the Central Business District.
The city renumbered buildings in 1890 and advertisements from 1892 show that the store was operating at the same location, but expanded by one shopfront on either side, at 203-209 North Spring Street. [15] In 1893, the company was reported in financial trouble, and by that time was managed by the Stern Bros., who had taken over from Leon Loeb. [16] By 1894, the store was advertising its closure. [17]
However, the store was still operating in 1895 in the Jones Block at 177 North Spring Street, [18] even as the better department stores were starting to move to South Broadway.
The store finally went bankrupt in 1897. [19]
Farmers and Merchants Bank (F&M) is a historic lending institution (1871−1952) based in Downtown Los Angeles, California. It is known both for its architecture and its pivotal role in the economic development of early Los Angeles. Other, non-related "F&M Banks" exist in many cities and towns across the United States.
Lazard Inc. is a financial advisory and asset management firm that engages in investment banking, asset management and other financial services, primarily with institutional clients. It is the world's largest independent investment bank, with principal executive offices in New York City, Paris and London.
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Joseph P. Loeb (1883–1974) was an American lawyer and public servant.
Spring Street in Los Angeles is one of the oldest streets in the city. Along Spring Street in Downtown Los Angeles, from just north of Fourth Street to just south of Seventh Street is the NRHP-listed Spring Street Financial District, nicknamed Wall Street of the West, lined with Beaux Arts buildings and currently experiencing gentrification. This section forms part of the Historic Core district of Downtown, together with portions of Hill, Broadway, Main and Los Angeles streets.
Main Street is a major north–south thoroughfare in Los Angeles, California. It serves as the east–west postal divider for the city and the county as well.
Solomon Lazard, also known as S. Lazard, (1827–1916) was an entrepreneur in 19th century Los Angeles, California, a member of the city council there in 1854, and founder of S. Lazard & Co.
Bell Block was a building in Los Angeles in the U.S. state of California. Situated on the corner of Aliso and Los Angeles streets, it was built in 1845 by Captain Alexander Bell. It was one of the few two-story adobe buildings in the then one-story adobe town of Los Angeles.
Joseph W. Wolfskill and Louis Wolfskill were brothers who were members of the Los Angeles, California, Common Council, the legislative arm of that city's government, between 1874 and 1884. They were landowner successors to their pioneer Southern California father, William Wolfskill.
Joseph Newmark (1799–1881) was a Prussian-American businessman in New York City and Los Angeles and a member of the Newmark family of Southern California. He helped found Jewish congregations in both cities and later became an ordained rabbi.
Maurice Kremer (1824–1907) was an American businessman and civil servant.
Marc Eugene Meyer was an American businessman and was president of Lazard Frères in the United States. Born in Strasbourg, France, he migrated to California as a teenager, living in San Francisco and Los Angeles until 1893 when he moved to New York City in his role with Lazard. He was awarded the Legion of Honor in 1920.
Simon Lazard was a Franco-American banker who co-founded Lazard Frères & Co., reorganized in 2000 as Lazard.
Harris & Frank was a clothing retailer and major chain in the history of retail in Southern California, which at its peak had around 40 stores across Southern California and in neighboring states and regions. Its history dates back to a clothing store founded by Leopold Harris in Los Angeles in 1856 near the city's central plaza, only eight years after the city had passed from Mexican to American control. Herman W. Frank joined Harris in partnership 32 years later in 1888.
Myer Siegel was a Los Angeles–based department store, founded by Myer Siegel (1866–1934), specializing in women's clothing.
The late-Victorian-era Downtown of Los Angeles in 1880 was centered at the southern end of the Los Angeles Plaza area, and over the next two decades, it extended south and west along Main Street, Spring Street, and Broadway towards Third Street. Most of the 19th-century buildings no longer exist, surviving only in the Plaza area or south of Second Street. The rest were demolished to make way for the Civic Center district with City Hall, numerous courthouses, and other municipal, county, state and federal buildings, and Times Mirror Square. This article covers that area, between the Plaza, 3rd St., Los Angeles St., and Broadway, during the period 1880 through the period of demolition (1920s–1950s).
Ville de Paris was a department store in Downtown Los Angeles from 1893 through 1919.
7th Street is a street in Los Angeles, California running from S. Norton Ave in Mid-Wilshire through Downtown Los Angeles. It goes all the way to the eastern city limits at Indiana Ave., and the border between Boyle Heights, Los Angeles and East Los Angeles.
Retail in Southern California dates back to its first dry goods store that Jonathan Temple opened in 1827 on Calle Principal, when Los Angeles was still a Mexican village. After the American conquest, as the pueblo grew into a small town surpassing 4,000 population in 1860, dry goods stores continued to open, including the forerunners of what would be local chains. Larger retailers moved progressively further south to the 1880s-1890s Central Business District, which was later razed to become the Civic Center. Starting in the mid-1890s, major stores moved ever southward, first onto Broadway around 3rd, then starting in 1905 to Broadway between 4th and 9th, then starting in 1915 westward onto West Seventh Street up to Figueroa. For half a century Broadway and Seventh streets together formed one of America's largest and busiest downtown shopping districts.
Leon Loeb (1845–1911) was a French-born American businessman who owned and operated the first department store in Los Angeles. He was a member of the Newmark family through marriage.
Co-partnership Notice. Los Angeles, June 16, 1857. The undersigned have formed a co-partnership for the transaction of a general merchandizing business under the name and firm of Lazard & Wolfskill. Solomon Lazard. Timothy Wolfskill.
Notice. The cop-partnership heretofore existing under the name of Lazard & wolfskill, is this day dissolved by mutual consent. Mr. Lazard is authorized to collect all debts due the late firm, and settle all the liabilities. S. Lazard. T. Wolfskill. Los Angeles, August 13th, 1858.