[7] In Los Angeles, as a mark of respect he was known as Don Solomon, "and being popular, he frequently acted as floor manager at balls and fandangos."[3] Lazard arrived in the United States in 1844[5] or 1850[8] and became a U.S. citizen about 1853,[9] but In 1861 he visited France and was arrested on the charge that he still owed military duty to that country, where he had been born.Lazard sold the company in 1874 to Marc Eugene Meyer and it was thenceforth known as Eugene Meyer & Co.[15][3][5][16][17] In 1868, the City Council relinquished its rights to the water in the Los Angeles River in favor of businessmen Lazard, John S. Griffen and Prudent Beaudry, and the three created the Los Angeles City Water Company.[15][18] Although the international banking firm of Lazard Frères and Company has stated it was founded in 1848 by his cousins, brothers Alexandre, Lazare, and Simon Lazard, in New Orleans, Louisiana, and after joined by brothers Maurice and Elie Lazard [fr] moved to San Francisco in 1851,[19][20] other sources give the following story: As there was no bank in Los Angeles in the mid-19th century, the residents either kept their money at home or confided it to the Catholic nuns in a convent at Alameda Street and Macy Street.When Eugène Isaac Meyer joined him in Los Angeles in 1859, Solomon followed the example of his brothers who were directing financial houses in Paris and Strasbourg: He opened a deposit window in his store under the name of Lazard et Frères, "a private banking firm that still exists, with branches around the world.