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Beck, Miksa, de Madaras

The 1901 Jewish Encyclopedia

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Hungarian financier; born at Bács-Madaras, 1838. His parents settled at Budapest when he was still a child; and it was there that he completed his commercial education. In 1864 he became the business manager of the banking-house of J. J. Cohen. In 1870 he became chief director of the Hungarian Eskomptebank; and when, in 1899, Koloman von Széll became president of the Hungarian cabinet, Beck was elevated to the presidency of the bank. He is one of the leading financial authorities of Hungary; and under his circumspect leadership the Eskomptebank has become one of the most important in Hungary. In 1894 Beck received the Order of the Iron Crown, and was elevated to the Hungarian nobility with the title of "De Madaras."