New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-01-25
DEATH OF DAVID p. MORGAN.
CAREER OF A wELL-KNowN SPECTATOR.
LOSS OF PROMINENT "BULL' LEADTR-A FORT
uNE OF $1,000 900 LEFT

UNE OF $4,000 600 LEFT.
WASHINGTON, Jan. 24.-David p. Morgan,
formerly Of died at his residence in this city
to day o: diabetes.
Mr. Morgan lad been confined to his house only for
few days. ana his illness his family great
alarm until Friday night His condition became rapidly
Saturday and he died about o'clock yesterday
morning His death PAINLESS and peaceful. lie had
suffered from diabetes for many years. and physicians in
this country aud Europe unable to effect
lie had known that be cOnd not recover, but nothing
in his condition recently led to the opinion that he would
not survive the winter. lie went to Washington in
November. He mad spent the NV preceding seasons
there, and with view OF making it his permanent
winter home he had bought tho Don Cameron house,
where he living lie aid 500 900 for the property
Mr.. Morgan born in Tecumsel Mich, on Aus ust
L. 1881 lie came to New York about thirty years ago
and began business with James Hewitt & Co. firm
which was then prominent in the provision and tobacco
commission trade. The head OF the firm, who was II
relative Of Young Morgans from Louisville, KY.
aud 1t had extensive connections III e South and West
1t WAS in Wall street, however that Mr.. Morgan made
his fortune and reputation In 1861 he retired FROM tho
firm OF James Hewitt & Co., aud ostab ished, in con
nectkn with Cornelius FellDwes his wfr's brother, the
stock brokerage house OF d. p. Morgan Co. This firm
was continued until 1873, when Mr.. Morgan retired
from active business His physicians had informed him
that he escape the excitement OF Wall Street
II he would proOng hi life. With this purpose he went
farlS III the following year, roluTh
the spring OF 1888 In Paris Mr. MOFg unable I,
the OF speculation and lie was
pro inent operator on the Paris BOurse In addition he
stu mainta tanned interest in the New-YOrk market
He reported to have made several million francs in
his suecuatlOns st the BoIrse.
when Mr.. Morgan returned to this country he
engaged cottage at Newport aud his family
rejoned him there a few months aierward He had spent
Ids Newport and his winters at Washington
since his Mr.. Morgan a man OF slight build
with head disprnpOrtIonatelY large. As a Spectator
he active AMI aarO aud had a happy faculty Oi
quickly eXtTcatng himself II the course OF the
market against MIN. lie was one OF lHe
largest operators sin Street. AID in the
last years had probably paid out more
money In commit ssicns than any other man. lie oprr-
almost exclusively on the bull side. athouRh ne
occasionally made small ventures for the other account
stock tor which no had special fondness was Ci
cage aud N1r,hwesierp, but III his sprculi-
lions he has been n powerful influence
at times in LaCkawaUua. lie was almost uniformly
successful, and at low estimate his fortune was prob
aUy $4,000. 900. While dealing largely in railroad
stocks AIr. Morgan seemed never to he AMBITIOUS
for railroad management. However large his interest
a comp he declined to become an actV" director.
Daring he summer he hdd specialized 'rsey. tut ~
the last few months he had been less active His mt
friends believe that his speculative holdings have
been closed within the EAST few days 1900
dr. Morgan leaves wife and SIX children OF whom
The oldest William feliuwcs Mnrgin
Is the head OF the Stock Exchange firm OF William rel
loves Morgan * Co.. No. Exchai &c Court The second
pursuing his stucS At Harvard COLLEGE. The A.
me funeral have not been made, Dat the
burial will probably be- at Greenwood -
Mr. MOrgan's sudden death was known AZ the Wludhor
Hotel before yesterday The announcement
created considerable excitement there ana
because OF his extensive spccul tions some anxiety
| the effect The stock market. Ihe excitement
had apparently been wholly alhyed long before evening