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THE WASHINGTON TIMES, MONDAY, MARCH 31; 1913.
J. PIERPONT MORGAN DIES IN ROME AFTER WEEK'S ACUTE ILLNESS
A - r- ,f ", - "ii',V'
End Comes Peacefully at the Grand Hotel-Noted
Specialitss in Attendance, But All Efforts
to Prolong Life Prove Vain Stock Mar
brief rest In Naples and Rome, the
banker hurried on to Egypt, and rested
again at Shepheard's Hotel In Cairo.
Constantly- attended by a physician, he
was urged to rest longer, and told that
his health would not permit of any
strenuous exertions. But he was all
Impatience to get to his excavations,
and early in February started up the
Kile, accompanied by the Satterlees,
eighteen women friends of his daughter,
and the inevitable doctor and nurse.
The boat used was especially built
after designs of Morgan's own sug
gestion, and workmen were building her
for manv weeks before the financier
reached Cairo. She was luxuriously ap
pointed and cost a small fortune. But
Morgan was.atot destined to make bis
anticipated Ielsurelv Inspection of the
Kile diggings. What proved today to
be his fatal illness attacked him soon
after the start ud the Kile, and he was
force dto turn back. Acute Indigestion
seized him, and It was feared he would
die before he could get back to Cairo.
For a -day Morgan was unconscious,
vhile consternation reigned among his
bouse boat guests.
Consents To Take Rest
Physicians and nurses were hurriedly
summoned to Cairo, and reservations
were made on the first steamer, the
Caronla. leaving Alexandria for Kaples.
Orders were sent ahead fqr eminent
Berlin, Paris, and Rome specialists to
meet Morgan, and It was announced
that he would hurry to New York as
rapidly as possible. Prof. Bastlanelll.
-who went to Cairo from, Rome, advised
agajnst the hurried departure, and Mor
gan remained at Shepheard's until
March 9. He recovered his hralth in
a measure, and it was insisted that a
lst -would restore him.
He consented to obey the doctors and
rest. He left on the Adriatic, which
sailed from Alexandria for Italy on
March 10. At that time It was an
nounced that Morgan would proceed to
Rome, and rest there for two or three
weeks, after which he would tour Eu
rope and return home.
He landed at Kaples on March 13. ac
companied by his daughter, Mrs. Satter
lee; Herbert I, Satterlee. her husband:
the Count and Countess Jean La Greze.
the , latter the daughter of Morgan's
partner. Charles Steele; his cousins,
Mrs. Lucy Lee and'Mrs. John Hurlburt;
his granddaughter. Miss Hamilton, and
Wanted To Tour Europe.
Because of his health. Morgan had
been forced to forego his usual visits In
Unteniiyer, of Pujo Committee,
Says Famous Capitalist
Never Abused Power.
NEW YORK. March SLOne ytt the
most vivid memories of-J. P. Morgan
retained by his friends-was his appear
ance on the day following his testimony
before the Pujo committee In Washing
ton. Morgan had returned to New York
in a special train Immediately after he
left the witness stand. He arrived at
his office at Broad and Wall streets at
noon the next day accompanied by a
friend. The clerks and assistants had
been eagerly awaiting his arrival, wish
ing to see the effect of his appearance
The aged banker had a flower In his
buttonhole: his hat Just slightly tilted
at an angle almost cocky; he swung his
heavy cane vigorously; his chest out,
and his long black cigar titled at a de
fiant angle that could not have been
improved upon by Uncle Joe Cannon.
Seemed In Fine Fettle.
He walked briskly, and It was appar
ent to all who saw him walk back to
his private office that he was In fine
fettle. He was delighted with his testi
mony, and felt that he had succeeded In
saying Just what he wished to say. His
friends and partners gathered around
to congratulate him. and his arrival
took the form of the return of a hero.
If the strain of his appearance on the
witness stand bioke Morgan's health.
It did not show on tne day after his
testimony. On the contrary, his friends
remarked that day that they "had not
seen the old man look so much like
himself" in years.
Samuel Untermyer, special counsel for
the Pujo Money trust Investigating com
mittee, upon reaching his office shortly
after 11 o'clock today gave out the fol
"With the death of Mr. Morgan, the
world loses one of its most conspicuous
figures and our countrj sustains the Ir
retrievable loss of a generous, patriotic
cl linen of rare breadth and public use
fulness. The art world and especially
our Metropolitan Art Museum will never
be able to replace him
"Whatever may be one's views of the
perils to our financial and economic sy
tem of the concentration of the control
of credit, the fact remains and Is gen
erally recognized, that Mr. Morgan was
actuated by high purpose and that he
never knowingly abused his almost in
A special meeting of the board of gov
ernors of the Stock Exchange has been
called for noon today to take action
upon the death of Morgan and to de
termine whether there shall be any clos
ing of the Stock Exchange out of re
spect to the dead financier
Was Son Of Wealthy Banker.
Born at Hartford, Conn., April IT, 1837.
Morgan differed from many of the other
rhe forecast for the DUtrict of Co
lumbiaFair tonight and Tuesday; mod
Maryland Fair tonight and Tuesday;
cooler Tuesday; south to southwest
Virginia Fair tonight and Tuesday;
The temperature today as registered
at the United States Weather Bureau
U. S. BUREAU. AFFLECK'S.
8 a. m 51 S a. m SO
St a. m 54 9 a. m 56
10 a. m 58 10 a. m $7
U a. m -.... 61 11 a. m &
12 noon 70 12 noon 62
1 p. m CO 1 p. m. ........... 65
2 p. m 59 2 p. m 68
' High tide, 3:24 a. m. and 3:49 p. m.
Low tide, 9:57 a. m. and 10:33 p. m.
Egypt to the Khedive and Lord Kitch
ener, but at Naples Satterlee said that
his father-in-law Intended, If possible,
to arrange an audience with the Kaiser
and with King George of England be
fore returning home.
When he reached Rome It was Inti
mated by his relatives that Morgan
realized that he never would see Europe
again, and therefore he was most anx
ious to visit Berlin. Paris, and London
before going to New York. On that
account he consented to rest In Rome
Indefinitely, as his doctors ordered.
Doctors and relathes were unable to
tell whether the banker at the last
realized the seriousness of his condi
tion. Since last Sunday he had been
much under the Influence of drugs to
make him sleep, and for the most part
' since last Wednesday he was In a
comatose state. Such times as he
aroused himself for a moment he ap
parently recognized none of the per
sons about his bed, either relatives or
physicians, and It was believed that he
grasped little or nothing of what was
going on about him.
Death Came Easily.
Late yesterday Morgan took a de
cided turn for the worse, and the doc
tors warned Mrs. Satterlee that his
death was a matter only of hours. Dr.
Dixon and a relay of nurses remained
by the bedside all night, and the Sat
terlees were awake In an adjoining
Shortly after daybreak there was an
other consultation of Prof. Bastlanelll
and Drs. Dixon and Starr, when the
doctors made a thorough examination
oi an or Morgan s organs. The physi
cians issued a bulletin, giving the pulse.
respiration, and temperature, and told
me satterlees that death was but a
matter of hours.
Twice during the morning, Mrs. Sat
terlee visited the bedside of her father,
but he was unconscious.
At noon Dr. Dixon called Mrs. Sat
terlee from the adjoining room and
told her the end was near at hand.
At 12:05 P. M. Morgan died, with hi
daughter, son-in-law, the three doc
tors and a nurse at his bedside. Ap
parently, he- died easily, having- been
unconscious, motionless, and breath
ing very slowly for hours before the
As soon as announcement of the
death was made, the flags of the
Grand Hotel were put to half-mast,
and signs of mourning- soon were
visible throughout Rome.
financiers that have made history in
that he was the son of a rich man,
Junius S. Morgan. The younger Mor
gan attended high school at Boston,
and then had three years of a uni
versity course at Gottlngen, Germany.
At twenty-one he entered his father's
bank, and, after learning the business
from the ground up', was sent to New
York as his father's agent. In 187T he
allied himself with the powerful bank
ing firm of JJrexel & Co., of-JE?hlladeI-phia,
and In 1895 the house of Morgan &
Co. was formed. , i(a
It was not a corporation, but a part
nership, and In It were eleven partners,
all specialists In their line. It made
and unmade railroad and industrial cor
porations, created Banks and trust com
panies, and In very few instances did
failure overwhelm any Interest that
bore the Morgan O. K.
Had Passion For Sole.
The secret of his control lay In his
personality. Morgan was a man of
tremendous passions. He ruled. Those
who disputed that rule had to fight.
And few who fought survived. His In
fluence was almost uncanny. Wise men
bought and sold stocks blindly on the
Morgan say-so. He fought union labor
whenever that Issue was raised In any
concern In which he was Interested.
Morgan reorganized many railroad sys
tems and all paid tribute 4o him and
his followers.. The Reading, tfie North
ern Pacific, the Southern, the Erie, the
Lehigh Valley, the Hocking Valley, the
Monon, were a few of these and he was
always the power behind the Vander
bllt lines, the Louisville and Nashville,
and the Atlantic Coast lines.
Morgan promoted the United States
Steel Company, but had io pay a vast
tribute to get Andrew Carnegie out of
his way and to get the valuable Car
negie properties Into the trust. It was
a billion dollar combination and Its
stock was sold to the ends or the earth
on a promotion manipulation scheme
backed by the lae James R. Keene.
Then came the collapse and the ruin of
thousands of Investors.
But steel products could be marketed
and the company "came back." so that
In 1906 dividends were resumed. This
was one of the happiest days Io Mor
gan's life, for steel was his pet hobby.
It was Morgan who effected the rub
ber consolidation and the General Elec
No Change In Firm.
At noon, following a conference of
members of the Morgan firm at the
Wall Street office, the following an
nouncement was handed out:
"In answer to the many Inquiries re
ceived. J. P. Morgan & Co. state
that Mr. Morgan's death will occasion
no change In the firm that is, his
interests will remain and the bublness
be conducted as heretofore."
Mr. Morgan's death was the one
topic of general conversation, not
alone among the financial classes, but
among the people generally who have
reau and heard of the wonderful pow
er of the man. His name las bo lonj
ben associated with -i.t wealth, and
all the power and Influence and in
dustry that wealth can buy. that theie
if prababl not a class or people in
America, and especially In New York,
w ho have not In some direct or re
mote way felt his power and been
Interested In his lon Illness.
At cxactlj ! o'clock this mornlnj?
a messenger sped from the office of
the French Cable Company, direct to
the home of J. 1'. Morgan, jr. at 231
Madl&on avenue. He wriggled bin
wav through the throng ot newspaper
importers who bad been on watch out
hlde all night long, and delivered his
message. Fifteen minutes later an
other breathless messenger delivered
On a moment after the second
message had been received, Mr. Mor
gan came hurriedly out of his home.
"Don t bother me now.'' he cried to
the new-fpaper men who were still
waiting confirmation of their belief
that the cablegrams had announced
the diath cf the great flancler.
"A statement will be Issued from
my office In less than half an hour."
said Mr. Morgan. "I have nothing to
He ran to the home of his mother,
four doors away. That was enough
to convince the reporters the worst
had come. He remained at the home
of Mrs. J. P. Morgan, jr.. hut ten
minutes. When he came out. he bore
all the marks of strain and sorrow
of a bereaved and heartbroken son.
Dead Financier, Daughter and Son, Heir to Morgan House
m'mLLyA, rm X,iLW$k fife mm ?&&
a J. P. Morgan, His Son, J.
AFFAIRS IN ORDER
Capital Bankers and Brokers
Say Financier Surely Had
Prepared for Death.
Washington bankers and brokers
are of the single opinion that Mr.
Morgan, realizing that his death
would have an untoward effect upon
the stock and financial markets un
less carefully prepared for, had put
his affairs in order and arranged,
through his partners, to meet any
emergency that might arise when the
High In their praise of the head of
American finance, these Washington
men declare today that even In death
his foresight and financial general
ship Is shown.
Brokers look for a higher market
In stocks, and point to the strength
and steadiness of the New York stock
market this morning as evidence.
W. A. Mearns, of Lewis Johnson &
Co., said: "There Is every evidence
that Mr. Morgan left his affairs In ex
cellent shape, even before he went to
Europe, and that his partners knew
Just what to do when the news of his
death should arrive. The first news
of Mr. Morgan's Illness several weeks
ago hurt the market worse than the
actual news of his death today "
J. selwin Talt. president of the
Washington and Southern Bank, said:
"Mr. Morgan was a great and public
spirited man .and In recognition of the
rights of the public, he must have pre
pared Tor the event of his death. He
was the first financier I met when I
came to this country, thirty-one years
Bowie Chipman. manager of Harrl
man Co.. said: "While Mr. Morgan
was a very big man. the men surround
ing him are also too big to let anj thing
serious happen as the result of Mr.
Morgan's death, and the country Is too
big to bo seriously affected by any
Arthur G. Plant, of A. G Plant & Co..
Rnlll "Thnt Ihprn haq honn nn nrnnnili.
latlon of stocks bv the hie Interests In '
anticipation of the event Is evident, and
I believe the market will work higher.
espc'lall the first clas rails. Mr. Mor
gan's di-ath has been entirely ills
countcd". Eugene K. Thompson, of Crane, Par
rls & Co., said: "Mr. Morgan knew that
his death was imminent, and prepared
James F Curtis, Assistant Secretary of
"It will be interesting to note who will
become his succeor In a commanding
position In American financial affairs."
f. C Dawson. Washington mprehen
tative Spt-nrei Trask & Co, New York:
"The death of .Ml Morgiin will tak a
great power from Wall Stieet. How
ever, bis death has !--! anticipated ami
will, therefore, have no detrimental ef
fect While thf market fell off todnt.
It was gradual -ind mioii recovered This
ran be taken aj, a i-neial Indication
that no financial ili.sttirl,:inccs will fol
low Mi. Morgan s death. '
Mr. Plant, of A. G. Plant A: Co ,
"Mr. Morgan's death was discounted
and the organization of his Him Is so
expert that no drastic- ffcet on the mnr
kej need be fiared Slawl-iid rallroi 1
stocks, in my opinion, should lie piu
chaed foi higher prit-es. I am optimis
tic us to the biiHlnexs outlook "
C J. Iloll. presi(l-nt of the Ameri
can Sectiritv and Trust Company
'The death of Mr Morgan takes
away one of the greatest financiers
In the history of this eountrv or th
world Despite the position Mr. Moi
gan held, however, and the vast In
terests with which he was connect
ed. I do not beIJee that hlw death
will affect business. HR firm was
so organized that the dropping out
of one man, even t)ie head of that
great Institution, w-opld not prevent
the activities of the firm from being
carried on, even for the present, or In
W. B. Hlbbs. head of the firm of W.
B. Hlbbs &. Co., bankers and stock
"Mr. Morgan was a general. The
i nation and the world will now see
P. Morgan, Jr., and His Daughter, Mrs. Herbert ,L. Satterlee.
that this Is true. No general on the
field of battle ever attended to the
matter of detail as did Mr. Morgan.
He so conducted his operations that
nn mnttpr wlithni" In llf nr in death.
the vast Interests he controlled would
be undisturbed. Mr. Morgan In life
prepared for death. By doing this he
performed a tremendous benefit to his
country, as no pante or disturbance
or any kind will fallow his passing
"His death is a financial loss as
well as social. He was a wonderful
man: the only one of his kind In the
world. Despite vicious attacks, he re
mained unswervlnjr and forceful. He
did more for charity than manv give
him credjt for. He did wonders in
this direction, but without advertis
ing." ILL HEALTH CAUSES
DAVIS TO RESIGN
Superintendent of Station B
Leaves Postoffice Depart
ment .After Long Service.
Superintendent Madison Davis, of
Station B, of the city postoffice, for
mer assistant postmaster of Wash
ington and chief clerk to the Third
Assistant Postmaster General, has re
signed. Mr. Davis will leave the service to
day, owing to ill health and advancing
He will be succeeded as superintendent
of station B by Edgar Church, assistant
superintendent. Several promotions will
result from the change. George C. Bon
durant. a foreman, will become assist
ant superintendent, and Joseph S. Was
ney will bo made foreman
Mr Davis, after many years' srlce
in the Postoffice Department, became
chief clerk to the Third Assistant Post
master General when John A. Merrltt
was appointed to that office. When Mr.
Merrltt became postmaster of Washing
ton he took Mr Davis with him as As
p'stint Postmaster. Later he was as
Signed to station B. He was al"o at
one time chief clerk of the Government
To Court of Appeals
Whether the District of Columbia
has a right to prosecute milk dealers
for using bottles not belonging to them
to serve milk and cream to customers
Is a question that the District Court of
Appeals will be called upon to decide.
All prosecutions to this date have been
brought by the District and through
Attorney Matthew E. O'Htlen, who lias
hern tetalned as counsel for the Inde
pendent dealers of the cit. have been
stayed on the contention of the lawjer
that the dealers should bo prosecuted
bv the Tnltcd States and not the Dis
trict of Columbia
Attoinc O'Brien announced in Police
Court todu that he will take the cases
in which he has been retained to the
Court of Appeals He would make a
test case, he said, of the case of the
District vs W A. Slmnson. a milk
dealer of Southeast Washington.
For Blind This Week
Entertainments, for the blind In the
leading toom of tin Library of Con
gress during this week are nuiiounced
as follows: Tue.sdav. April 1. 2:30 p. in.,
a reading by Mr. Freeman Thorpe, the
subject to be "Homerrortin?:" Frldn.
Apill 4. at S p m., a musical In which
Miss Ella Nelson, as pianist. I.eRov A.
Gild'4-. as tenor, and W. Alfre-d Faulk
ner, as the reader, will tnk pan. At
these entertainments seats will be re
served for the blind and their escorts.
1 he remaining spue is freely open to
the public up to the capacity of the
Congressman Neeley Declares
Charge That Inquiry Hurried
Death Was Inspired.
"I don't believe there is any truth
whatever In the report that Mr. Mor
gan's health was In anv way affected
by his appearance before the Money
trust committee," said Congressman
Neeley of Kansas, the only member of
the committee now- In Washington.
"The committee was engaged in a
most Important public duty,' and som
of the disclosures of the financial
methods pursued by Mr. Morgan and
his friends were decidedly startling to
the country. This doubtless resulted
In much public criticism, and the end
Is not yet.
"Our committee showed Mr. Morgan
every possible courtesy, and for a man
of his age he appeared to be In splen
did condition, both physically and men
tally. His ability to parry questions
that he would rather not answer, his
ready nit, and frequent sallies with
counsel. Impressed the committee with
his very unusual ability, and was a de
cided change from the examinations of
"I remember when counsel had mis
placed some data that he desired to use
In Interrogating the banker, and sug
gested a recess for a few moments,
stating that Mr. Morgan might desire a
few minutes relaxation. Mr. Morgan
smilingly answereel that he was 'feeling
very fine' and preferred to continue the
examination. At the conclusion of the
examination, Morgan came up to the
rostrum on which the committee was
seated, shook hands with each mem
ber, and rather profusely thanked us
for the courtesy we had shown him.
At the same time he assured us It had
been a pleasure to offer Jils testimony.
"The Morgan Interests have published
and sent broadcast throughout the
Pnlted States, and particularly In the
districts of members of the committee,
a letter containing many statements
substantiated by no witness who ap
peared before the committee. The In
sinuation that the committee's cour
teous examination of Mr. Morgan con
tributed In any manner whatever to
his demise appears to be a studied at
tempt to make capital of his death, and
to arcuse sympathy for a system that
in manv respects Is at a derided variance
with the Interests of our people.
Boy Struck by Ball
In Serious Condition
Suffering from cerebral convulsions
as the result of being hit in the head
with a pitched ball. Carl ltothenburg,
eight years old, 16i Montello avenue
northeast, is in a serious condition to
da in Casualty Hospital.
The bo was plalng with some com
panions jesterday afternoon when he
was -,11 lick !, the ball. He was stunned
for a moment, but In a little while was
apparently an ngnt. In the evening
young ltothenburg attended a motion
picture show. On the way home the
lad collapsed. A policeman called an
nmbnlnnce and he was taken to the
Two Burglars Scared
Away From Open Trunk
Two burglars were discovered last
evening ransacking a tiunk In a rear
room on the first floor of the home of
Mrs. James Gnllngher, 1220 Wisconsin
aenue northwest. Thev fled through
an open window when u member of the
family started to enter the room. Noth
ing was stolen.
TO CL'HB A COI.D IX ONE DAT
Tk LAXATIVE BROMO Qulnln. TablaU.
DrunliU refund money If it rIU to cur.
C. W. GROVE'S slcn&ture U on Mch box. So.
Morgan's Death Not Unexpected
Here, by Men Who Saw Him
Before Pujo Board.
Profound Interest was manifested
In Washington today at the news of
the death of- J.-Pierpont Morgan. At
the same time, the Information wu
receved; without the shock that would
have resulted had it not been well
known here that, the strength of the
aged financier had been falling- In re
cent months. -Moreover, the cable
news of recent days had left little
question that Mr. Morgan's condition
was such that he would no longer be
able to play the part of a master hand
in the. affairs of the "Street.''
Many expressions of regret over
the death of Mr. Morgan were heard.
He was almost as well known In
Washington as in' New York. ,He was
a frequent visitor here, had various
Washington interests, and on a num
ber of occasions appeared at the Cap
itol as a witness in Congressional in
vestigations. Tedtfied at Pajo Inquiry.
His last appearance in Washington
was this winter, when he was called
before the Pujo committee which was
investigating the Money trust. At that
time it developed clearly that Mr. Mor
gan was no longer In his once robust
health. He' tired much more easily than
of old. and it was also clear that his
mind, while strong, did not work with
the lightning-like rapidity and the pre
cision, which, characterized it In his
prime. Friends of Mr. Morgan then
commented freely to the effect .he was
aging. Nevertheless, he made a good
witness and succeeded in' getting a lot
or matter into therecord that, from his
angle of the Money trust question,
made good reading
It was also noticeable then that Mr.
Morgan had lost something of the
bfusqueness which he manifested in his
younger days apd was becoming more
mellowed and good-natured. No more
good-natured witness was before the
Pujo committee ; this ;wlnter. in spite of
a prolonged grilling, than-Mr. Morgan.
Death Sileacts CriUdna.
The death of Mr. Morgan, as viewed
in Congress circles, will not materially
alter the situation with respect to the
attempts at Money trust legislation which
are to be a feature of this Conmsa.
Had Mr. Morgan, lived, there Is no ques
tion he would have been singled out by
scores of speakers in House and Senate
as the bogey man with 'respect to tho
centralisation or moneys and credits in
His death will silence much of tho
criticism that would have been .heard
from those men In oCngress who be
lieve that he. more, than anv other ner-
' son, was responsible for the upbuilding
oi me so-cauea juoney trust.
Before Pujo CommitteeV
When Mr. Morgan appeared before
the Pujo committee he was accom
panied by a retinue of partners, law
yers, and relatives. All ot them seemed
solicitous of the master financier's
health during the examination, although
Mr. Morgan himself Insisted that he
wasn't tired, and wanted to get the ex
amination over with when the usual
recess hours approached.
Mrs. Herbert I. Satterlee sat near her
father during his two days on the wit
ness stand before the Pujo committee.
and she frequently seemed on the verge
of remonstrating that Mr. Morgan
might overtax his strength. After he
hearings were over, however, Mr. Mor
gan waved aside all such suggestions,
and called foe another big black cigar.
It was apparent, nevertheless, that
the Morgan who appeared before The
uju vuuiiuiiicc nao .jl vug diuiAai u&
old. When he appeared before the Sen
ate campaign Investigating commlttt;.
In September last, he was a much
stronger man than when he returned
examination by the Money trust probors.
to Washington In the late winter for an
Within a few months old age and a
general breakdown had made noticeable
inroads upon a once robust constitu
tion, and spectators who had seen Mr.
Morgan before both committees mar
veled at the change. There were whis
pered predictions then that the master
financier would not last another year.
TOLD IN BRIEF
Great as have been the achievements
of J. Plerpont Morgan, his life shows
an almost unequaled number of activi
ties, ranging from money making to
money giving, from art to railroads,
from society to Interest In the elimina
tion of bad conditions among the poor
Born on April 17, 1S37, graduated from
the Kngllsh High School at Boston In
1S54 at the age of seventeen, and Trom
Gottlngen University, Germany. Morgan
went Into business with Duncan Sher
man & Co., New York, at an early age.
His life was marked with Intense ac
tivity. Scarcely a phase of living but
felt the touch of his master hand. His
business experience was connected with
many events reckoned among the most
Important in the business world.
The first entrance of J. P. Morgan
Into business life for himself came when
he started the firm of Dabney. Morgan
& Co. His first big railroad deal was
consummated In Februarv. 1870. when he
arranged the lease of the Albany and
Susquehanna railroad to the Delaware
and Hudson. Morgan first began his
dealings with the Vanderbllts when he
entered the firm of Drexel. Morgan &
Co. , . ,
Some of Big Deals.
Since that time the big deals with
which he was connected Include the so
called "gentlemen's agreements" be
tween railroad presidents. 18M-US9; the
famous AVest Shore deal. In 1SS5: the
"Morgan Hospital for Crippled Rail
roads." lSSG-1900-thIs included the re
organization of the Chesapeake and
Ohio, the Southern, the Krle and others
the reorganization of the Northern
Pacific railroad: the relief of the United
States Treasury in 1S93; the negotia
tion of the Mexican loan, the first large
foreign loan ever placed In the United
States, 18S9: the handling of 125.000.000
of the British war loan, In 1900; the
forming of the United States Steel Cor
poration, February. 1901, with a capi
talization of Jl.154.000,000: the formation
of the Northern Securities Company.
In November. 1901: the organization of
th International Mercantile Marino
Swift & Company's sales of fresh beef
In Washington. P. C.. for the week end
ing Saturday. March 3, averaged 12.15
cents per pound. Advt.
Wealth Owned ano, Controlled b$
J. P. Morgan
HoIdiHfs credited to the late J. P. MergM:
Cfeapaales. Stocks. Brads.
Jiew Tort Ceatral $85t,W 9241,414,999
mj S Jc jS S By Co .- s9G9G0 lg4WV99
MleklgH Central 18,"W,9W H,m,m
S.;Y. k Harlem BJrer Kt. Co 1MM lSrMM
JT. T. A Xortaeni By. Co.--...... -SV99j9w 51299,999,
Rhode Island Ceaiaaay 581,99 11,199)99
BRtlaad Railway Cospaay '...' 1V999?999
West Shore Railway Coatpaay..1 19,999999 9,99999
AvT. S. Fe By. Co '.-..:.. 19t,99 SI549MM
JT. T, Sasqaehaaaa k Western 99t,9 1MMM
Hadfloa"& Manhattan By. Co......:...-.. ,999,999 7,f9t,9N
Iatefho'roafh-JIetropolItaa ...- ! KSGtr ?S9M99
Totals- .7. .".. M8M8M99 TiljiiMM
Graad total, IMIMtS. '
The holdings of Mr. Mergaa and his interests are estimated as fellows i
Companies. Stocks. Bends.
A. T. k Ti Co HiMiMt l31MM9t
rXorgan-Gnggenhelni Alaska' syndicate, (es
timated .. -" 25JJ9t,ti
Knhn-Leeb Chinese syndicate....'.-..; liftlm
General Electric... -SM99,999 lMaMa
. Mexican Telegraph 5,999,991
Adams Express Company 12,9i,090 M'M'O
Hendaras loan.. ."" HfJMi
Panama laTestments MM99
Totals ........ 3i,999,999 SinaSjfVn
Grand total, $7Ujmjm.
'This is. as far as tehnlatien is possible, hat it is estimated that Mor
gan's one-man. power wasas fellow:
Morgan'' own companies . .feVilf ,487?
' Manma' 'afalialed companies ............ ZflamJ9mfltm
Morgan's banking Interests...
Morgan's, partners' holdings .
Company, in 1902. and a long Ust of
other activities of recent years.
In Wall Street it has been said that
J. Plerpont Morgan either held the tiller
or had a voice in piloting a fleet of
corporations comblnlngan K8Tegata
capital of more than t2.300.000.080. Never
.. !., mA nn mttn Wielded
so much power nor had the guiding
voice 'concerning 'such a vast quantity
of wealtn. his name numn -.SS""!;
synonymous with that of wau
.. . . .- i. o. Kiinrri hv many
that the operations of that famous
street were nearly always concerned
witn the man who um i.uuh .,
called "the Wizard of Finance.'
Lover. of Art.
Nothing Is so indicative of the many
aldedness'of J. P. Morgan as hi pre
vailing recognition ofthe best worlC
that was done In the. studios, of the
art world.. He-appeared to be .as much
at home" before a mural for pictorial
masterpiece as. In his banking house
directing the affairs of the tremendous
commercial enterprises with which he
The presentation to the mlneraloglcal
department of the Jardln des Plantea,
during one of his visits to Paris, ot the
famous Pan-American collection of
..m.i o,f nraMnu .tnn.f. WAN One Of
the characteristic acts of the man, and
was nallea wiin aengni oy una iw
felt the embarrassment caused by the
fact that this famous depository had
practically no collection of American
The Morgan libraries In London and
New York are studded with gems of the
bookmaklng art. An enumeration of
the masterpieces of art owned by J.
Plerpont Morgan would be to cata
logue many Invaluable canvases which
bear the signatures of emperors and
kings In the royal domains of art.
.Belonged To Clubs .
Mr. Morgan, In spite of his tre
mendous business activity, always has
found time to devote to social life, and
he was a member of many clubs. His
most active club membership was with
the Metropolitan Club, of New York,
and In the great New York Yacht Club.
For a number of years he was a mem
ber of the Rue Royal Club, In Paris.
As a host In his own home, Mr. Mor
wan always was considered charming,
one possessing vast abilities to please,
who could talk with the bishop or the
doctor of divinity, discuss the latest
discoveries of the archaeologists in
Egypt, the canvases of Titian, or the
latest master discovered.
Mr. Morgan was a retiring man, but
he always enjoyed good company, and
he did his duty by society, and played a
quiet, dignified, hospitable part.
Mr. Morgan spent a great deal of time
........ Kl. ..,. Vi matter how en-
grossed In business he became, he al
ways was ame io nnu ume io jua auum
time on his private yacht, cruising In
the Mediterranean among the isles of
Greece and through American waters.
He was at one time commodore of the
New York Yacht Club and was always
ready to assist In the defense of the
famous America's Cup. It was the so-
..ii. rA,v.n avnHtmt. tl-htrh hullt ttlA
CilllCU J1V.. " - -- --- - --- -"-
Defender, the Columbia and later the
Toward labor Mr. Morgan was silent.
The New And
will gently and surely Te
ller the most obstinate cases.
They are intended to regm
lat the bowels and prereai
Stomach Disorders, etc
TUT 390 XT, TOO.
Take 1 or a pills to-algnt
WSS Price 251
f but his actions have always Indicated
sympathy with the movements for the
betterment of conditions among the
laboring men. His great interest In
railroad and other Industries where
thousands of men were employed al
ways Indicated that he was surely not
opposed to the forward movement of
Much 'of the philanthropy of J. Pier
pent Morgan was unheard of. Almost
every library or art collection in the
country ca"n boast of some treasure he
donated. But this is- bnt one of the
many lines along which his philan
thropy showed itself.
Perhaps one of- the most enduring
monuments he raised to himself, and
one that is of tremendous public benefit
is the "splendid hospital' at the corner of
Eighteenth street and Second avenue In
New York. He bu lit. and , equipped .this
Institution out of his own pocket-and it
Is considered one of the most perfect
of the kind in the world.. ,
A. characteristic donation of. the Mor
gan benefaction was the system of elec
tric lights in St. Paul's Cathedral. Lon
don. A few days after the installation,
it was decided by the cathedral officer
to put In additional lights to cost from
115,000 to -CO.00O. Mr. Morgan Immedi
ately offered to supply Ihe second In
stallment. POSLAM THE
Poslam is proclaimed the one effici
ent skin remedy by its thousands of
users. Its healing powers manifest
all Itching is stopped and ailing skin
a ouuuitu. cooiea ana comtorted.
Eczema, acne, psoriasis, barbers' and
every form of Itch are 'tulckly cured.
Cases Of thpxp trnnMu. r.f ....
standing have been completely eradi
cated by Poslam after other -remedies
were aoaiiuonea as ineiicctuai.
POST. AM SflAP I. nf i..ii.i.i.
benefit to all whose skin is subject to
eruptlonal troubles. It is Ideal for
baby's bath, never Irritate, and every
mother may rely upon Its absolute
nitrite Tf an m.I(.a l.4 .....ft.....
r' -- - wi.w am m tribunal
ng scalp difficulties.
aii uruggtsis sen roslam (price, 30
cents) and Poslam Soap (price. 55
cents). For free samples, writ- to
the Emergency Laboratories 32 West
25th Street. New York City. Advt.
llOO New York Ave.
Teacbe- By Madera Metkods.
Pitnma t Gregg Shorthand,
Typenrrltlag. Business and Civil
Service Courses. Telesrrapky.
W prepare for the spring Civil
Service examinations in April.
Tour household roadx I.t n. hmlih ... .
tlmate. Kates by losd or contract. Paddid
sn anil reliable movers. P&cklns. Sblsplaa.
Merchants Transfer & Storago Co..
920-922 E St N. W.
PADDED VANS ,vao'1c"rtu,,,lc
Makes Moving Eur.
Get our estimate. Tacking- ana S&tpplns
1 H STREET. PHONB 1
H. BAUM & SOX. JU PA. AVE:
SI load per month. Phone M. US4.
100 SEPARATE itorage room: see us before
atorlns. THOS. DOWLINQ & CO.. Auo-
tloneera. fli E at. N. W. Phone Main 511
GET OUR ESTIMATES on absolutlrflr
proof storage, mot Ins. packing. UNITES
STATES STORAGE CO.. US-IU 10th at. N.
W. Phone M. 4- t-
PADDED ans. H & f S Id.: :-h. wason. W 1L
Phone Main 1915-1 SIS.
COLUMBIA TRANSFER & STORAGE CO..
SC5 N. Y. Ae. N. W.
Packing and Shipping. Storage, t! van load.
MOVING EXPENSES REDUCED.
We will do your molrg. picking, ani
ablpplng. and take In payment old furniture.
etoves. etc. WASHINGTON'S FURNITURE
CO.. 1310-13U 7th it. N. W. Phone North STJ.