Historical Nibbles: SCHIFFS Jacob Schiff, along with Morgan, J. D. Rockefeller and others, provided funding for the Council on Foreign Relations. (pg 33) In 1785, the Rothschilds shared quarters with a family named Schiff. A grandson of that Schiff family eventually married into the Loeb family (investment bankers) and it was Schiff who financed the purchase of the Union Pacific Railway to E. H. Harriman (father of W. Averell Harriman). "Both Schiff and Averell Harriman were to play important roles in the rise of Communism in Russia." (pg 62) Averell Harriman, merging his existing company with the Brown Brothers, formed a company that had, as a longtime partner, Prescott Bush. (pg 63) When Leon Trotsky was living in New York, he found that there were certain Wall Street bankers who were willing to finance a Russian revolution. One of these bankers was Jacob Schiff. "It is estimated by Jacob's grandson, John Schiff, that the old man sank about $20 million for the final triumph of Bolshevism in Russia." (pg 192) from "Rule by Secrecy", Jim Marrs; Perennial 2001. ISBN 0-06-093184-1