Background
His financial abilities placed him early at the head of the important firm "Bakri Brothers", founded by his father.
His financial abilities placed him early at the head of the important firm "Bakri Brothers", founded by his father.
Supported by the regency, which was but a tool in the hands of Busnash, and skillfully managed by David, the company expanded its business at sea, and many European governments entrusted them with the management of their Algerian money affairs On several occasions they defied the British government in purchasing from French privateers the vessels that they had captured from the allies. During the dearth of food in France they supplied the latter with a considerable quantity of wheat on cartulary-register
And on their advice the Dey authorized a loan to the French Directory of five million francs, the cr for which was eventually transferred to them.
The settlement of this loan brought about thirty years later the definitive rupture between the regency and France, and, finally, the conquest of Algeria by the French. On the assassination of Busnash and the anti-Jewish riots which followed it, the firm "Bakri Busnash" became insolvent.
And David himself was thrown into prison under the pretext that the firm owed the regency a sum of five million francs. Secretariat free on a promise to pay the alleged debt, he soon built up the firm "Bakri," owing to the help he received from several European governments for the services he had rendered them.
He even succeeded in winning the confidence of the new Dey, who appointed him in 1806 chief of the Algerian Jews.
This post proved fatal to him. The latter was accused of high treason and decapitated.