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About August Belmont Jr.
August Belmont Jr. (February 18, 1853 – December 10, 1924) was an American financier. He financed the construction of the original New York City Subway line (1900–1904) and for many years headed the Interborough Rapid Transit Company, which ran the transit system. He also financed and led the construction of the Cape Cod Canal in Massachusetts, which opened in 1914.
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