Background
He was born of wealthy parents at Milan, and was destined for the legal profession.
banker economist journalist politician art collector
He was born of wealthy parents at Milan, and was destined for the legal profession.
During his studies he became involved in the revolutionary movement. He played a conspicuous part in the insurrection at Milan in 1848, and also at Rome in 1849, where he had a seat in the National Assembly. On the collapse of the revolutionary government he was arrested (1850), but managed to escape to France, where he engaged in commerce and banking, became naturalized, and acquired a large fortune.
In September the formation of the Third Republic enabled Cernuschi to return, but he soon left Paris to travel in the Far East.
He returned with a fine art collection that he would constantly expand upon for the remainder of his life. He bequeathed his collection to the city of Paris as well as his private residence at Number 7. avenue Valasquez on the edge of Parc Monceau in the 8th arrondissement to be used as a museum.
As a banker, Cernuschi is best known for his publications on financial questions, more especially bimetallism. Among his other works may be mentioned: Mécanique de l"échange (1861).
Illusion des sociétés coopératives (1886).
Le Bimétallisme en Angleterre (1879). Le Grand Procès de l"Union latine (1884). He died at Menton in 1896, and was interred at Père Lachaise Cemetery in Paris.
Of the latter he was an ardent champion, and the word itself is commonly supposed to have originated with him—at least in its English form it is first found in his Silver Vindicated (1876).
He took a prominent part in opposing the Socialist movement, and in April 1870, having subscribed a large sum to the funds of a committee formed to combat the Napoleonic plebiscite, had to leave the country.
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