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Belmont, August (08 December 1813–24 November 1890), financier, politician, and sportsman, was born in Alzey, a German Rhineland village, the son of Simon Belmont, a moneylender and landowner, and Frederika Elsass. He attended a Jewish school, the Philanthropin, in Frankfurt and in 1828 began work as an office boy for the local branch of the Rothschild banking family, to which he was distantly related through marriage. He was soon promoted to confidential clerk and in 1837 was sent to Cuba to investigate that Spanish colony’s stability. A stopover in New York changed the course of his life. The panic of 1837 had just struck, and the Rothschilds’ New York agent had declared bankruptcy. Belmont decided to stay and established August Belmont and Company, a private banking firm that would maintain a close, long-term working relationship with the Rothschilds. Belmont’s rise on Wall Street was rapid. He profited from foreign exchange transactions; commercial and private loans; corporate, real estate, and railroad investments; and as a U.S. government fiscal agent during the Mexican War. In 1849 he married Caroline Slidell Perry, with whom he had six children....

Article

Belmont, Perry (28 December 1850–25 May 1947), politician and sportsman, was born in New York City, the son of August Belmont, a banker, politician, and sportsman, and Caroline Slidell Perry, daughter of Commodore Matthew C. Perry. He attended Harvard College, 1867–1872, graduating with a B.A. in history, studied Roman and civil law at the University of Berlin, 1873–1874, and enrolled in the Columbia University Law School, 1874–1876. He was admitted to the bar in 1876 and the next year entered the law firm of Porter, Lowrey & Stone. In 1878 he established his own law firm of Vinton, Belmont, and Frelinghuysen....