St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-25
AUGUST BELMONT GONE.
The Eminent Financier, Diplomat
and Society Man Is Dead.


New YORK, Nov. 24.-August Bel
mont, the great banker, influential
Democrat and worthy citizen,
is dead. He passed away at o'clock
this morning. quietly, serenely, sur
rounded by his family, at his home. 100
Fifth avenue. Mr.. Belmont had been
ill but few days. His sickness was
the result of a cold caught at the Mad
isOn Square garden during the horse
show. Mr.. Burdett- COuttS. who had been
invited over from England to act as a
Judge in making the final awards, failed
to appear, and August Belmont, who
was one of the best American experts
IN horseliesh, was asked to take the
place of the Englishman. He did so,
and while engaged in the work of max
ing awards took cold, 1t was not
monia developed and Mr.. Belmont was
confined to his house. 1t was not
until Thursday or Friday that
the physicians became alarmed,
and yesterday afternoon con-
Sultation was had between Prof.
LOOMS and DR.. j. NJ. Polk. and DIR.
Polk remained with the patient during
the night. The end came 1T O'Clock
this morning. Mrs. Belmont, her daugh-
tor. Mrs. 5. S. Rowland. and the three
sons, Perry, August ,Jr. and Oliver Bel
ulunt, being at the bedside of the dying
husband and father. On the plate glass
door of the banking establishment of
August Belmont d Co.. on the first floor
of % Nassau street, this legend ap-
peared this morning: ''CloSed Oh ac-
count of the death of Mr.. Belmont"
IniS was the first intimation to the
Stynpt In at tha uraat fipapniar /, od ,rona
and it was soon the principal topic of
conversation. Although .he notice an
nounced that the banking house was
closed, its doors were not, i'll fact, shut.
inside was Walther Luttgen, the junior
partner of the firm, and all of the
clerks, bookkeeperS and otheremplOyeS.
No business was being transacted, how
ever. beyond what was absolutely nee
eSSary, for even the death of a great
tinancier cannot interrupt the course of
all finanaial operations. To reporter
Mr.. Luttgen said that the death of Mr..
Belmont had been SO sudden and uneX-
pected that he had not recovered from
the shock which its announcement had
caused, and he did not care to talk
about it.
II have no doubt that the house will
be continued as before, despite the
death of the senior member" said he.
Mr.. Belmont'S loss will be felt in
racing circles as much as in the finan-
cial world, where he was recognized as
tower of strength. He has always
been an enthusiastic lover of thorough
breds, and to him. more than to any
other man, is due the prominent posi-
ton that racing occupies in this coun-
try at the present time. He was a
breeder of thoroughbreds and the owner
of racing stable from pure love of the
sport. Among the star performers that
have made MIR. Belmont'S name famous
throughout the racing world have been
such horses as Fides, the holder of the
SiX-furlong record: Raceland. the Sub
urban winner; Potomac, the king of
twO-year-olds; Prince Royal, GleneIg,
KingfiSher. Lady Primrose, Lady Mar
garet, La ToSca, Clarendon and host
of others.
Mr. Belmont was born in Alley, Germany,
In 1916, where his father was landed pro-
prietor. He was educated i'll Frankfort and
for several years was in the emyloy of the
Rothschilds in their banking house in that
city. and also in Naples. In 1887 he settled
in New York and became agent here for the
Rothschilds- 1t was by the advice of Mr..
Belmont that the Rothschilds have made
their large investments in American govern
ment securities. A quarrel concerning lady
about this period ed to duel in which he
was shot and famed for life. From 1914 to
1870 he was consul general at New York for
the Austrian government. but owing to his
disapproval Of the treatment received by
Hungary from Austria he resigned his
office. Mr.. Belmont, in 1858, was appointed
United States charge d'atfaires al The Hague,
and year later became minister resident
He resigned i'll 1857, having first negotiated
highly important consular convention, for
which, with other diplomatic service he re-
ceived the special thanks of the department
at Washington. For many years he was en-
gagged in the banking business in this city,
and was well known as patron of fine arts,
his collection of paintings being one of the
finest in the city. Mr.. Belmont took an
active interest in politics. In 1860 he was
delegate 10 the Democratic national conven-
tion, and from that year until 1872 was
chairman of the national Democratic COM
mittee. For twenty years he was president
CT the American Jockey club and was a
member of the Union and other clubs in
New York. He married a daughter of Com
modore Matthew c. Perry.