Tripping on Travel: Belmont, New Hampshire

Like many small towns of New England, Belmont, New Hampshire developed as a mill town because the water power of the river could be exploited by industry. And as such, Wikipedia credits the Gilmanton Village Manufacturing Company that was built in 1833. They made cotton and woolen textiles. The Wikipedia page also reflects that the town was incorporated on June 28, 1859 as Upper Gilmanton. The name Belmont was adopted in 1869 to honor August Belmont, a wealthy financier who began his first job as an apprentice to the Rothschild banking firm in Frankfurt, Germany. In fact, he made a career of helping the Rothschilds develop and sustain their financial interests internationally. One of the rewards of this, I would assume, was in 1844 when Belmont was appointed as Consul-General of the Austrian Empire at New York City, representing the Imperial Government's affairs in the major American financial and business capital. By 1852, he had become more deeply involved in New York politics and was acting as a campaign manager for Democrat candidate, James Buchanan, for the nomination of President of the United States. Buchanan was elected as the 15th president in 1857. And in 1860, August Belmont became the Chairman of the Democratic National Committee. As further years of political involvement between the Rothschild banker and the Democrat Party continued, Belmont allegedly did what he could in Europe to organize support for Lincoln's Union Army during the Civil War. Including trying to dissuade the Rothschilds and other French bankers from lending funds or credit for military purchases to the Confederacy. Belmont was allegedly enthusiastic about the Union's cause, as he portrayed himself as a "war Democrat". It was in the 1860s that Belmont's activities for the Democrat Party started to slip. Around 1862, he and another partner bought stock in the newspaper, the 'New York World', and they set out to make it a publication dedicated to advancing the interests of the Democrat Party. And in 1864, the Chicago Tribune reported that Belmont was buying up Southern bonds on behalf of the Rothschilds as their agent in New York because he backed the Southern cause.

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