The Birmingham age-herald., 1903-08-16

New York August 15.-The prestige or August Belmont was temporarily affect ed by the forceful entry of Gates and his associates into Louisville and Nash ville What Is well termed "a coup" was made by the Chicago plunger acting in behalf of Edwin Hawley and others who engineered it. It was commonly stated that it signifed a loss of prestige among Mir Belmonts foreign connec- tions and of the roads business with his banking house. It would seem to one not biased by these stories that are blown hither and thither on Wall street that undue significance attaches to the incl dent. Had the so-ealled foreign connec- ton" been in control of the shares it is not likely Gates would have acquired them on the floor of the exchange.
 Be it as 1t may, whether Belmont lost prestige or not, he has added to his financial worth and standing each and every year since he succeeded to the great business his distinguished father so firmly founded in this city. The wave of industrial combination which swept over the country lbI SlA StdlS hib ilCt seduce him from the great business of transportation. On the contrary, while mill and factory engaged In this or that kind of product was welded into corpo- rate form attracting the foremost finan- ciers of the country, MT August Bel mont went steadily on in the legitimate pursuit of his business as a banker. His making possible the building of the Rap Id Transit tunnels, the lease of the Man haitian "L" system and his subsequent capture of the Queens County trolleys are feats which will entitle him for all time to recognition. His measure can be most accurately taken by comparing the relative standing of the firm of August Belmont & Go. at two points, One when he became as the successor of his father, the senior member of the firm, and today when the firm in the list of bankers stands second to none in achievements and resources. His personal fortune computed to have been about six mill lions is now said to exceed eighty mill lions
 Potential as MT. Belmont has become in the world of finance, he has not let the cares of business obliterate him as a factor in the world of sports. In this
  father. For quarter of century and over the name of Belmont has been asso- ciated with all that is healthy, invigorat- ing and progressive in sports whether the chosen theatre of prowess was the race track, the yacht course, the polo field or the hunting field For two gen erations the lover of the thoroughbred running horse has found in the name of Belmont Q guarantee of true sportsman ship. In the days of the American Jock ey Club and Jerome Park, it was to August Belmont, Sr., the race going pub lie looked for a good card, fair starts and a clean run; later at the Coney Is land Jockey Clubs track at Sheepshead, another generation looked to August Bel mont, Jr., for the same attributes.
 The importance of the mayoralty fight to the republican party does not lie in patronage or influence in municipal af- fairs. Two years have given to republi- can workers ample opportunity to under stand the situation as 1t is. The county committee received one plum-a com missioner of docks. Mir McDougall Hawkes. a district leader of the silk stocking kind received it. Not many weeks after he was denied a seat in the 
 The only committeeman who received recognition by Mayor Low discredited in his organization, the only man wlo had any patronage to give u he faithful. There is a reason for this. A group If Roosevelt republicans headed by Mayor Low, holds office The machine to which they belong has it's head at Oyster Bay. Patronage is distributed among those who shout the battle cry of Roosevelt. In the coming fight the effort will be to hold control of the local machinery so that when 1t is wanted for Roosevelt 1t will respond. The reelection of Mayor Low will result in his group receiving much federal patronage. The presidents friend, Collector Stranahan, at the cus- tom house, Is caring for the presidents interests and Mayor Low, Commissioners Green, Woodbury and Hawkes. in the municipality.
 It is pretty we'll understood that Charles Murphy will not put before the people as Tammany's mayorty choice weak candidate like George B Mcclellan or a fence jumper like sheppard. Gel. JFraolr1fr PartIptt fr mi forward fhe