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August Belmont's zenith
and death
Page entitled : August
Belmont in the 1870's and 1880's
Content of this page is about :
How August Belmont & Company weathered the panic of 1873, participated in
the refinancing of US war debt and prospered until August Belmont's deat in
1890
Extract :
...
One passion he kept
during his later years, was horse-breeding and the sponsorship of
horse-racing. On his 1200 acres farm near Babylon NY, he bred some of
America's finest racehorses and trained them on his private tracks. With
stock speculator Leonard W. Jerome (Winston Churchill's maternal
grandfather), August Belmont was a founder (and president) of the American
Jockey Club and in 1866, they established Jerome Park, the famous New York
horse racing ground. There on June 17, 1867 they inaugurated the "Belmont
Stakes", the oldest continuously run horse race in North America. ...
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