The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-11-10

International Finances and Flnanciers.
The death of Mr.. Mason and the return of
Mr.. Preston leave our Missions at Paris and
Madrid unoccupied, and the newspapers have
been busy lately filling them with several per-
sons, but none have hit upon the truth in the
matter. With each of these posts the name of
Mr.. Augusta Belmont has been prominently
connected.
We have it from the highest authority that
Mr.. Belmont would accept Of neither of these
posts, nor, in fact of any political position
from either the government or the people. He
no doubt has good reasons for this determine.
ton, which are well known to persons within
the circle of operation of international finances
Hereditary banking families are subject to the
same natural laws with hereditary aristocra-
cies. They run out at the third generation,
when they require an infusion of new blood
and new brains, or else they will 60 down.
The banking families of Europe under
stand this very well, and constantly
practice upon it, so that all Of the houses
that have been established for several
generations are managed by persons whose
names seldom appear in the firm. The rapid
and vast growth of American commercial inte-
rests has led some Of the most successful of
the European establishments to seek Americans
for their managerial chair. as in the case Of Mr..
Bates with the Barings, and who, it is said, is to
be succeeded by another American, Mr. Stur-
ges, imported expressly for the occasion from
Boston.
The Rothschilds are entering upon the third
generation, and the house requires new head
Founded by Baron Anselm, and continued by
his five sons, Of whom two only-James and
Nathan-were capable ofcontinuing the edifce
begun by their father, the present members of
the family have other leanings than those for
the dry details Of business. Mr.. Belmont, edu-
Gated in the old house at Frankfort, and sent to
this country some twenty years ago, has grown
up during the period of our most active and
greatest commercial development, with IA
miliar acquaintance with the ms and outs of
Wall street; and at this day there is probably
no man in America or Europe who possesses .
more perfect knowledge than he of the capa-
cities and requirements of the international
finances of the two continents. These are
the qualifications which are about to
call him to the head of the house of Roths-
childs. In these days, when commerce is king,
such position is one Of far more power and
far higher public utility than that of parade
Minister in European court, such as our rep
resentatives are. Mr.. Belmont in such posi-
ton, with the capacity he has shown himself to
possess, the intimate knowledge he has acquired
here of the course and tendencies of American
trade, and his long familiarity with the past
operations Of the house, will make the firm of
Rothschilds more potent than it has ever before
been.
We learn that before he carries his American
schooling to the direction of the European
house, he intends to take trip to the ever
glades and coral reefs Of Florida for few
months amusement in hunting and fishing, such
as he will stand little chance of getting when
he crosses the ocean.