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August Belmont
August Belmont, Sr. (December 8, 1813 – November 24, 1890) was German-American politician, financier, foreign diplomat, and party chairman of the Democratic National Committee during the 1850s, and later a horse-breeder and racehorse owner, who established the Belmont Park racecourse on Long Island, New York. He is the namesake of the Belmont Stakes, third jewel of the Triple Crown series of American thoroughbred horse racing.〔
==Early life==
August Belmont was born with the name August Schönberg to a Jewish family in Alzey, in the Grand Duchy of Hesse, in Germany on December 8, 1813—some sources say 1826—to Simon and Frederika Elsass Schonberg. After his mother's death, when he was age seven, he lived with his uncle and grandmother in the German financial capital city of Frankfurt am Main ("Frankfurt on the Main River"). He attended The Philanthropin, a Jewish school, until he began his first job as an apprentice to the Rothschild banking firm in Frankfurt am Main.〔 The young August, would sweep floors, polish furniture, and run errands while studying English, arithmetic, and writing. He was then given a confidential clerkship in 1832 and promoted to confidential clerk before traveling later to Naples, Paris, and Rome.〔 At age 24, in 1837, Schonberg/Belmont set sail for the Spanish colony island in the Caribbean Sea, - the capital city of Havana, in Cuba, charged with the Rothschild's Cuban interests. On his way to Havana, however, Schonberg/Belmont stopped in New York City in the famed New World of the previously prospering United States on a layover. He arrived there during the first waves of the financial/economic recession of the Panic of 1837 shortly after the end of the iconic first Democrat, seventh President Andrew Jackson's, (1767-1845), two-term administration, (1829-1837), with his former second-term Vice President, Martin van Buren, (1782-1862), elected the previous year as the eighth President during the long economically depressed times of the late 1830s. Belmont then remained in New York to supervise the jeopardized Rothschild financial interests in America, whose New York agent had filed for bankruptcy, there instead of continuing on to Havana.〔 After he emigrated permanently to the United States, he changed his family surname, "Schoenberg" (German for "beautiful mountain"), to "Belmont" (French for "beautiful mountain") in an attempt to avoid anti-Semitism and integrate into American High Society.
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