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Newspaper Page Text
- FADING- OF A HERO
In October, 1907, the "bulwark
oi American liberty the New
York stock exchange, shook like
agreed xfS, the wind. BraVe men
turned pale before the prospect of
national rUin, It was feared that
the sun wouldcpas.etd rise, the
tides to ebb and -flow the crops
to spring from the ground, i any
thing happened j the stock ex-r
At the 'critical moment, a hero
stepped forthjgnd-planked down-
an amount alleged to De JjiAjy,
OOQ'frn good security) tsa've
the Ration fr6tft the - threatened
devastation. The" -hero' was J.
jpfppnt- Morgan. A mighty
cheer-shook h& land. "Bully for
Morgan, sayior of his country I"
OVfY Wfisa iu v.ouivu).iui
money trusty investigation, and
what-do we hear? Why, Mr.
Cortelyou, secretary of the treas
ury under Rooseevlt, testifies
that Uncle Sam deposited $29,-
000,000 in Morgan's banks -the
day before Mr. Morgan loaned
the money (actually onlySlS,
000,000) to the stock exchange to
save the nation from utter ruin.
We could have done it ourselves.-
Any time 'the United
States treasury wjll deposit $29,
'OOOjOpOwith us:we.will be tickled
to death to loan Wall street $18,
000,000 on gilt-edged security.
And we won't ask a word of
praise for qurheroism.
: J o o -
When 3 man spends all his sal
ary on a woman it's a sigh he isn't