August Belmont and Company
In the Panic of 1837, hundreds of American businesses, including the Rothschild's American agents, collapsed. As a result, Belmont postponed his departure for Havana indefinitely and began August Belmont & Company, believing that he could supplant the recently bankrupt firm, the American Agency. August Belmont and Company was an instant success, and Belmont restored health to the Rothschild's US interests over the next five years. In 1844, Belmont was named the Consul-General of Austria at New York. He resigned the post in 1850 in response to what he viewed as Austria's cruelty towards Hungary, even as his interest in politics grew.
Read more about this topic: August Belmont
Famous quotes containing the words august and/or belmont:
“A man with a so-called character is often a simple piece of mechanism; he has often only one point of view for the extremely complicated relationships of life.”
—J. August Strindberg (1849–1912)
“We use important words too frequently and they lose value; for instance, charm and great. An actor or musician often is proclaimed great when we really mean he is outstanding.”
—Eleanor Robson Belmont (1878–1979)