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 Belmont, a financier and prominent Democrat, had been born into a German-Jewish landholding family and had expanded his family's already substantial fortune by becoming the Rothschild banking firm's American representative. In appointing him to the board in March 1858, other commissioners doubtless hoped that he would prove useful in floating park improvement bonds. Known throughout the city for his cosmopolitan and sporting ways, Belmont shared Dillon's admiration for continental public spaces. [Ch556]
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