 Bethmann supported the , the secondary school of Frankfurt's Israelite Community, both in words and in deed in the form of a several thousand gulden grant.Amschel Mayer von Rothschild, Mayer Amschel's eldest son, and the "Staatsrat" Simon Moritz were among the bankers arguing for the establishment of a reserve bank that would issue its own currency in 1824.Both banks co-promoted the construction of the first railroad in the Rhine Main Region in 1836.