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.
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Famous quotes containing the words august, belmont and/or company:
“In the old days, one married a wife; now one forms a company with a female partner, or moves in to live with a friend. And then one seduces the partner, or defiles the friend.”
—J. August Strindberg (1849–1912)
“Never be afraid to meet to the hilt the demand of either work or friendship—two of life’s major assets.”
—Eleanor Robson Belmont (1878–1979)
“Whether lawyer, politician or executive, the American who knows what’s good for his career seeks an institutional rather than an individual identity. He becomes the man from NBC or IBM. The institutional imprint furnishes him with pension, meaning, proofs of existence. A man without a company name is a man without a country.”
—Lewis H. Lapham (b. 1935)