Old-fashioned historical melodrama with a well-meaning, earnest political message
Director: Alfred L Werker
Cast: George Arliss (Nathan Rothschild/Mayer Rothschild), Boris Karloff (Count Ledrantz), Loretta Young (Julie Rothschild), Robert Young (Captain Fitztoy), C. Aubrey Smith (Duke of Wellington), Arthur Byron (Baring), Helen Westley (Gudula Rothschild), Reginald Owen (JC Herries), Florence Arliss (Hannah Rothschild), Alan Mowbray (Prince Metternich), Holmes Herbert (Roweth)

It’s 1814 and things are looking tight for the international banking house of Rothschild. With the Napoleonic Wars over, partly thanks to Rothshild financial support of Wellington’s armies, Nathan Rothschild (George Arliss) is pitching to underwrite the loans to help restore France. Problem is, now the merde is out of the European fan, many of the Powers-That-Be don’t want to continue working with a Jewish bank. Led by scowling antisemitic Prussian Count Ledrantz (Boris Karloff), the Rothschilds bid is unjustly rejected. Rothschild outmanoeuvres his enemies to win the contract back, but it leads to a series of revenge pogroms in Prussia. Things change though, when Napoleon escapes from Elba. As all roads lead to Waterloo, will Rothschild back the Allied powers or throw in his lot with Napoleon?
The House of Rothschild is a very well-meaning, old-fashioned historical melodrama, that takes a strong stance against antisemitism. It clearly has more than half-an-eye on events in Germany in the 1930s. As the film’s Prussia of 1814 sinks into mobs hurling stones through windows, smashing up shops and chanting for the expulsion of Jewish people, while families flee across the body leaving their possessions behind (all while the self-satisfied, archly cold Ledrantz pushes his agents to provoke the people to yet more outbursts), surely many people would have seen parallels with Hitler’s Germany.
Throughout the film, the accusations of antisemites are pointedly broken down and strongly rebutted or placed into context. Why do the Rothschilds work in money? Because they are literally banned from any other profession. And money is the only tool they have to defend themselves against 2000 years of persecution; persecution that has made the Rothschilds feel a true affinity for their fellow Jewish people. Indeed, Nathan Rothschild feels a duty to stand firm and do anything he can to help his people: and if that means a bit of financial chicanery or applying heavy pressure to the European powers, then so be it. There is a greater good here when lives are at stake.
The scourge of racism is strongly displayed throughout the film. It opens with a prologue as Nathan’s father Mayer (George Arliss pulling double duty, under a pile of make-up and a wig) struggles to hide his justly-earned fortune from being stolen by corrupt tax collectors who call him ‘Jew’ and smugly tell him the amount he owes to the government is whatever they say it is. It’s a ferocious piece of open antisemitism, but it has genteel echoes when Nathan is later snubbed for an invite to a ball to celebrate Wellington’s victory (a victory he largely paid for) since Jewish people aren’t welcome at such events.
The House of Rothschild places its laudable anti-persecution aim into a very traditional, old-fashioned, costume drama that wouldn’t look out of place on the Victorian stage. It was a passion project of George Arliss’ (who cared deeply about its message), but also fit wonderfully well inside his wheelhouse. You can see its deep similarities to Arliss’ Oscar-winning vehicle Disraeli. Just as there, he plays a twinkly elder statesman, with a touch of the rogue but overflowing with decency and honour. Despite being seen as a suspicious outsider, he out-plays his rivals in an international conspiracy while casting an avuncular eye over a love affair in the family: in this case between his daughter (Loretta Young) and gentile British cavalry officer Captain Fitzroy (a fairly wooden Robert Young). Both films end with our hero celebrated by royalty at a grand ball, while cementing a loving marriage with his wife (played again by Arliss’ wife Florence).
Arliss is, of course, very good in a role tailor made for his mix of playful charm and speechifying. Much of the film is essentially dominated by Arliss, who delivers with his customary skill (even if his performance as Mayer is more than a little ripe) and if his performance feels more than a little like Disraeli #2, his comfort in front of the camera and the naturalness he brings to the role help enormously. Under the playful exterior, Arliss also finds a strength and determination, powered by a real moral fury at the injustices, slights and (eventual) violence perpetuated upon his people.
Few other actors get much to play with here. House of Rothschild is heavily fictionalised, from its invented nemesis in Count Ledrantz (Karloff is good value as the scowling racist) to the build-up to the Waterloo campaign. However, for history buffs like me, there is a fair bit of delight in seeing a parade of great European statesmen pop up in cameos. From Tallyrand to Metternich to Lord Liverpool, these powerhouses of politics fill out the margins, even if they barely come to life as characters. If there is an exception, it’s the customary gruff no-nonsense military bearing C. Aubrey Smith gives Wellington (here a man firmly on the side of decency and honour).
The romantic sub-plot is very disposable, despite the best efforts of all involved. It briefly overlaps with the film’s main themes – Rothschild is less than happy with his daughter marrying a gentile, while he suffers a parade of humiliations from Fitzroy’s compatriots – but otherwise provides little real drama. The various conspiracies are largely resolved through some ingenious Rothschild speeches. The film’s main success is always the creeping dread of antisemitic violence, a candle it keeps alive throughout its old-school, costume-drama melodrama, with just small drops of directorial and cinematic invention. It’s the main reason for remembering a film that’s entertaining enough, in a gentle, classic Hollywood biopic way. It never reinvents the wheel, but it’s passionate about the people who find themselves ground beneath it.
Note: Considering all that, it’s particularly sickening to note that footage from The House of Rothschild of Arliss in full Mayer Rothschild make-up was pinched and repurposed for Joseph Goebbels’ vile antisemitic epic, The Eternal Jew.
