File:Financial giants of America (1922) (14576523488).jpg

Identifier: financialgiantso00redm2 (find matches)
Title: Financial giants of America
Year: 1922 (1920s)
Authors: Redmond, George F
Subjects: Capitalists and financiers
Publisher: Boston, Mass., The Stratford company
Contributing Library: New York Public Library
Digitizing Sponsor: MSN

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gis an architectural gem, being the first low office building inNew York and modeled after the old Pandolphini Palace inFlorence. In the Speyer home on Fifth Avenue among a multitudeof fine paintings is a portrait of Mr. Speyer, painted by anEast Side boy who was in the art class of the Eldridge Uni- (275) FINANCIAL GIANTS versity Settlement. This portrait was presented to Mr. Speyerin commemoration of the completion of twenty years servicein behalf of charitable institutions. Mr. Speyer is an optimist. He believes in his fellow-menand in the future of his country. He played a courageous partin the firm of Speyer & Co. in supplying Collis P. Huntingtonwith many millions of dollars to develop our Western empireby traversing it with the Central Pacific and Southern Pacificrailroads. He had confidence in its first strength and pouredcapital into the development of this youthful country. TheSpeyers have maintained a reputation for more than a centuryfor protecting their clients. (276)
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AUGUST BELMONT The name of Belmont is closely inter-relatedwith that of Rothschild. These two names areveritable synonyms of hanks a7id hanking. Andthe present head of the Belmont family, August, isworthy of the prestige his great name carried bothhere and abroad. AUGUST BELMONT AUGUST BELMONT, banker, was born in New York onFebruary 18, 1853, a son of a prominent banker of thesame name. Hie name of August Belmont naturallysuggests the Rothschilds and the subject of banks and bankers,a phase of activity which has done more to advance the interestsof civilization than it has been given credit for. I If one could imagine the entire obliteration of the modernsystem of banking, it would make clear what a vast benefit totrade and commerce has been the adoption of bills of exchangeand the general modus operandi of the banking business. Thesubstitution of a piece of paper representing the value of thesolid metal has revolutionized the commerce of the world, and,strangely enough, this great b

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