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New Zealand Mail, Issue 1675, 6 April 1904, Page 15

By bis accession at tlie head of tho other capitalists to the Democratic party, Mr August Belmont will go far to reverse the balance of power in American politics, for at the last election wealth was clearly on the side of the Republicans. Mr Belmont is bead of the Banking firm of Belmont and Co., the New York agents of the Rothschilds. Social America also knows Mr Belmont well, and his name is absent from the records of few great society functions. Whether the chief of his ' hobbies is horseracing or yachting, it is hard to say, but both these sports are gaining in America at the expense of the simple adventurous sports to which President Roosevelt owes much of his popularity. , Mr A. W. Rutherford, M.H.R., has received a 'telegram: from Sir Joseph Ward, stating that tlie : Cabinet has decided to construct a narrow gauge railway from -Oulverden* to Hanmer. The preliminary survey will he made immediately' • , . •