Meyer Jacobstein
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Meyer Jacobstein, (January 25, 1880 - 18 April 1963), a Representative from New York was born in New York City.
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[edit] Academic Career
He moved with his parents to Rochester, New York, in 1882, attended the public schools and the University of Rochester and graduated from Columbia University in 1904. Jacobstein pursued postgraduate courses at the same university in economics and political science and became a special agent in the Bureau of Corporations and Department of Commerce in Washington, D.C., in 1907. Between 1909 and 1913, he worked as an assistant professor of economics at the University of North Dakota at Grand Forks and, one year later, became professor of economics in the University of Rochester. Jacobstein was a director in emergency employment management at the University of Rochester under the auspices of the War Industry Board from 1916 to 1918.
Writing in 1912 about the Aldrich plan for a National Reserve Association, Meyer Jacobstein, assistant professor of economics at the University of North Dakota, encouraged North Dakota's bankers, however unsuccessfully, to leave their rural prejudices behind and consider the greater good of the entire banking industry:
- “The average country banker is always more or less suspicious of the city banker. As the Aldrich bill bears the name of an unpopular easterner, who is generally believed to be working in the interest of a group of eastern capitalists, it is not unnatural that North Dakota bankers should approach this proposed legislation with considerable timidity and suspicion. It will be well for the rural banker, however, to dispossess himself of this native prejudice and withhold judgment until he has made a careful and conscientious examination of the bill.”
[edit] Political Service
He was elected as a Democrat to the Sixty-eighth, Sixty-ninth, and Seventieth Congresses (March 4, 1923-March 3, 1929) yet was not a candidate for renomination in 1928. He served as a delegate to the Democratic National Conventions in 1924 and 1932 but declined the nomination of mayor of Rochester, N.Y., in 1925.
[edit] After Politics
Jacobstein engaged in banking in Rochester, N.Y., from 1929-1936 and in 1936 became chairman of the board of the Rochester Business Institute. He was a member of the Brookings Institution staff from 1939 to 1946 and economic counsel in the legislative reference service of the Library of Congress from 1947 until his retirement May 31, 1952. Jacobstein resided in Rochester, N.Y., until his death there on April 18, 1963 and was laid to rest at Mount Hope Cemetery.
| Preceded by: Thomas B. Dunn |
Member of the U.S. House of Representatives from New York's 38th congressional district 1923–1929 |
Succeeded by: James L. Whitley |
