The St. Louis Republic., 1904-09-25
urehead in any eserprise with which he

urehead in any eSerprise with which he
His complete mastery Of details quail
! ies tin To take a prominent part in
| tlese periodical assemblies. and he always
| speaks his mind. clearly and deciSiyely.
! he knows what he is going 20 say before
| the meeting is called to order and he says
| it. He can he persuaded To alter his
| views. however. IL any other man can
| Present with equal lIcidity good reasons
| therefor
| During the recent tedious conferences
| with the local and national railroad en-
| ployes- leaders he astonished the me.s hv
| his patience and good temper The men
We're inclined To be arrogant and some
/ times rather offensive in their chgrac-
terization of certain matters. for they
| felt that they held the whip hand over
tine finaucisr. hut he turned some Of their
sharpest thrusts into inrocuOus obserya-
tions that hurt nobody.
When one OF the men said: You al
tered the terms for the advertising in the
elevated road. didn't you. after you got
control OF it, h. answered. Yes
And you got more. too. didn't your
continued the interrogation
Say. I'd like TO adoot you Would you
TAX" my nameT'.
Certainly. MIR Belmont was the re-
tort. If your money goes with it
The laughter that followed this colloquy
acted lubricant to the friction that
had been engendered during the five
hours argument and peals Of laughter
filed the room.
said: We were astoni<hed To- find how
pleasant Mr.. Belmont Is. We had always
heard he was hard man 10 get along
with. but he isn't
CoCNSELED CAUTION.
Mr Belmont was sharply criticised IN
financial circles for yielding so much 70
his men in this controversy. but he si-
fenced those objections when he asked:
What would happen should any acct
dent occ,Ir in the subway months from
now IL We did not engage the best and
highest paid labor We could obtain? u
always pays to get the best-in men. in
animals and in everything. ! nave found;
He did assent to most Of the demands
OF the labor leaders. but he got some
thing in return which he regarded as of
the utmost ACKNOWLEDGEMENTS. 2 three
years peace agreement He was willing
to Tay a Ereat deal for m assurance OF
uninterrupted operation OF this enterprise
for 50 long period In the subway the
men hav. agreed TO work ten hours a
day. In view Of the increasing agitation
for an ei=ht-hour day this promis. L"
work ten hours Z dav for the next three
years was an achievement quite worth
while under the circumstances
II will surprise many 10 learn that Au-
gust Relmount - not an oTlictal in any
trust nor any Wall street capItalistic en-
terpriseS: not that he despissS them but
he has been brought up along the iSes
that made the banking firm q Belmont &
Co. so successful many decades ago dur
ing his fathers lifetime.
He believes IN a different style Of final-
c:sring The elder August Belmont taught
not merely the rlidiments of safe imam
ciering but his whole currtculm spelled
flnancierin-- There has ney-
er been anything spectacular about ms
business achievements. he took up the
louisville and Nashville when IL was run
down and ma i il = great property He
has sold millions Of dollars worth oi !
bonds both foreign and American under ,
takinEs hut these have not been OF the |
sort
He drives hard bargain. rs Indicated l
IN the subway operation ard construction /
bargain with the city. and in selling real |
" bought for the protection Of that On |
terpriSe or to further its possibilities. but /
he made IL possible for the city to build I
ne subway when no bidders appeared. /
and he made the East River tunnel eN- I
tension possible when the city's credit was 4
9 irnost exhausted on account of the Man /
the estimate! cost Of construction set by I
all others.
MANY SIDED TASTES
Outside of business he * the most lavish I
Spezler f9r uaseliish purposes that can -
Tnuni IsrfauS TO-DAY. He uaS always come \
forward and helped 20 finanCT tH" cor
s-r-ciiun and sailing o1 cup deferde---. Tut-
ting into commission his own yachts -
trial hgr-,-S-' for the Yacht selected h-
H.. committee On the turf no scandal 4
has ever attached tn the Belmont stable
and his horses have raced he-.. ~ Eng
ard aEG in France iie has pIid 'ae 'iyii-
"a IrfftE Tor Et4fluES. a.. Tor fNlAlfi-t- Z
when he gave s=5.@y, for the Eaif sister of
II. llbu-s in 1871.
lie saved racing in this State iy push
Eg through th. legislature what = called
he Percs-CiTsy law aftr- fiS.Crir Mon
mouth Pari- in New Jersey had boone q
grass grown ruiz lie and the late WI
lam c Whitney bought g-e2t tracts ~.
and AZ Saratoga and rehabilitato1 rlcinG !
here and he has projected tl-c great E"i-
mont Park. on Long Island. ti;st is to t1hs
ne place OF Morris plri. when hlitirS
lpeTaiions eliminate that race cpulss. He
purchased and conveyed the R"1uiuGS |
rack to the Washington Jockey Club not
org ago. In consequence of those ariiNi-
icS he has Hcn the souriduet of belmont. |
;5c Rr'lWarE Of the Turf for men inter
.stai in racing and breeding feel that he
isS done more than any three living men
or the sport and the industry.
He has given lihcraily to charities. -.
or example. in Nav. 1870. whsn h~ COW
-ibutc.i SSsl ea toward building. tie e'i1ral
4 the Cathedral of 81. John the Tivi-c
n Cathedral Heights. Hc has gwen mo
acriaI rhspeis and memorial windows t.
hurrhss IN memory of his wife ant lie
las been liberal patroE OF the Neucpo.-