VERY RARE! "Belmont Stakes" August Belmont Sr Clipped Signature

Description: Up for auction a RARE! "Belmont Stakes" August Belmont Sr Clipped Signature. ES-5996E August Belmont Sr. (December 8, 1813 – November 24, 1890) was a German-American politician, financier, foreign diplomat, and party chairman of the Democratic National Committee during the 1860s, and later a horse-breeder and racehorse owner. He was the founder and namesake of the Belmont Stakes, third leg of the Triple Crown series of American thoroughbred horse racing. He was born to a Jewish family in Alzey, Rhenish Prussia (now Germany), on December 8, 1813, to Simon and Frederika (Elsass) Belmont. His family had Sephardic roots, tracing back to the town of Belmonte, Portugal. After his mother's death, when he was seven years old, he lived with his uncle and grandmother in the German financial capital of Frankfurt am Main ("Frankfurt on the Main River"). Belmont attended the Philanthropin, a Jewish school, until he began his first job as an apprentice to the Rothschild banking firm in Frankfurt. He would sweep floors, polish furniture, and run errands while studying English, arithmetic, and writing. He was promoted to confidential clerk in 1832 and later traveled to Naples, Paris and Rome. In 1837, at the age of 24, Belmont set sail for the Spanish colony of Cuba and its capital city of Havana, charged with the Rothschilds' Cuban interests. On his way to Havana, Belmont stopped in New York City on a layover. He arrived in the previously prospering United States during the first waves of the financial/economic recession of the Panic of 1837, shortly after the end of the iconic two-term administration of President Andrew Jackson, the nation's first Democratic administration. Instead of continuing on to Havana, however, Belmont remained in New York to supervise the jeopardized Rothschild financial interests in America, whose New York agent had filed for bankruptcy. In the financial/economic recession and Panic of 1837, hundreds of American businesses, including the Rothschild family's American agent in New York City, collapsed. As a result, Belmont postponed his departure for Havana indefinitely and began a new firm, August Belmont & Company, believing that he could supplant the recently bankrupt firm, the American Agency. August Belmont & Company was an instant success, and Belmont restored health to the Rothschilds' U.S. interests over the next five years. The company dealt with foreign exchange transactions, commercial and private loans, as well as corporate, railroad, and real estate transactions. Belmont owned a mansion in what is presently North Babylon, Long Island, New York. It is now owned by New York State and is known as Belmont Lake State Park.

Price: 299.99 USD

Location: Fort Lauderdale, Florida

End Time: 2025-01-22T19:06:02.000Z

Shipping Cost: 0 USD