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BELMONT, AUGUST (1816–189o)

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Originally appearing in Volume V03, Page 710 of the 1911 Encyclopedia Britannica.
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BELMONT, See also:AUGUST (1816–189o) , See also:American banker and financier, was See also:born at Alzei, Rhenish See also:Prussia, on the 8th of See also:December 1816. He entered the banking See also:house of the Rothschilds at See also:Frankfort at the See also:age of fourteen, acted as their See also:agent for a See also:time at See also:Naples, and in 1837 settled in New See also:York as their American representative. He became an American See also:citizen, and married a daughter of See also:Commodore See also:Matthew C. See also:Perry. He was the See also:consul-See also:general of See also:Austria at New York from 1844 to 1850, when he resigned in protest against Austria's treatment of See also:Hungary. In 1853–1855 he was See also:charge d'affaires for the See also:United States at the See also:Hague, and from 1855 to 1858 was the American See also:minister See also:resident there. In r86o he was a delegate to the Democratic See also:National See also:Convention at See also:Charleston, See also:South Carolina, actively supporting See also:Stephen A. See also:Douglas for the presidential nomination, and afterwards joining those who withdrew to the convention at See also:Baltimore, See also:Maryland, where he was chosen See also:chair-See also:man of the National Democratic See also:Committee. He energetically supported the See also:Union cause during the See also:Civil See also:War, and exerted a strong See also:influence in favour of the See also:North upon the merchants and financiers of See also:England and See also:France. He remained at the See also:head of the Democratic organization until 1872. He died in New York on the 24th of See also:November 1890. His son, PERRY BELMONT (1851– ), was born in New York on the 28th of December 1851, graduated at Harvard in 1872 and at the See also:Columbia See also:Law School in 1876, and practised law in New York for five years.

He was a Democratic member of See also:

Congress from 1881 to 1889, serving in 1885–1887 as chairman of the committee on See also:foreign affairs. In 1889 he was United States minister to See also:Spain. Another son, AUGUST BELMONT (18J3– ), was born in New York on the ,8th of See also:February 1853 and graduated at Harvard in 1875. He succeeded his See also:father as head of the banking house and was prominent in railway See also:finance, and in financing and See also:building the New York subway. In 1904 he was one of the See also:principal supporters of See also:Alton B. See also:Parker for the Democratic presidential nomination, and served as chairman of the finance committee of the Democratic National Committee. A See also:volume entitled Letters, Speeches and Addresses of August Belmont (the See also:elder) was published at New York in 189o.

End of Article: BELMONT, AUGUST (1816–189o)

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