Lewiston teller. [volume] (Lewiston, North Idaho) 1878-1900, 1895-10-03
r of financial intrigue. but he was

master of financial intrigue. but he was
tricky and therefore distrusted.
| J. Pierpont Morgan combines many
| Of the qualities of all the types men
| toned. He is the greatest merchant in
| bonds and securities in New York, and
| that means in the western hemisphere.
| He has that same boundless faith in
the business of the country, present and
| future, and in his own Judgment and
ability that inspired Vanderbilt and
| Scott and Hill and Rockefeller and Ar
| mour to stake themselves and their for
tunes every day on the outcome Of their
| plans. But, better than all that. he has
as keen a financial instinct as Gould,
| and a masterful way OF commanding
the confidence of other rich and strong
men and combinations OF capitalists.
They come to him when they are well
and they come to him when they are
sick.
The public had not heard much about
j. Pierpont Morgan until w. II. Van
derbilt went to aim as sick man would
go to doctor and asked him what to
do about the West Shore. Horace Por-
ter, General Winston and a few other
associates had built the line to sell to
the New York Central, Just as Calvin
Brice, John /. Seney, General Sam
Thomas and w. II. Howard had built
the Nlckel-Plate to unload on the Lake
Shore, ard the thoroughly Infatuated
vanderbilt was for starving them all to
death, even at the risk of breaking him
self. He called the builders of the rival
lines biackmailers and other harsh
names.
Buy the roads, said Morgan.
I'D if l WILL" said Vanderbilt
Buy Them" commanded Morgan.
and they We're bought. 1t was bitter
pill. and made some gentlemen rich
whom Vanderbilt hated like snakes but
the purchase proved to be wise move
from business standpoint. although
nearly 500, 900. 900 in added indebted ness
was piled up on the Vanderbilt proper-
ties to complete the deal However
they got over 800, o0O, 900 worth in tine
acquisition of the parallel lines. and an
insurance against future trunk-line
construction between Chicago and New
York.
That was in 1885, and ever since that
]. Pierpont Morgan has been growing
in the esteem of railroad financiers and
investors. No big scheme of organiza-
ton is complete until he has passed on
it. He exercises a remarkable influence
over railroad arrangements, and II was
only few weeks ago mat he took a
ooZeh or more presidents Of important
SYSTEMS Oh cruise on his yacht and
read the riot act to them with such Of
feet that they there and then entered
into an agreement for the rnaintaipancn
Oh rates-a piedSe which has not been
broken yet, so far as known. No other
human being could have harnessed and
driven these magnates big men them
serves, except j. PierpoRt Morgan. He
was bitter on Clevelands second issue
Of bonds. and did not want to go into
the third and last one, which has Melted
MIN sZ,oooooo and won him rank as the
biggest man in the country" August
Belmont had to beg him I'd go into the
syndicate, but once in he took the reins.
althougn belmont was the originator
and shared equally with Morgan in the
results. besides getting a rake-off from
the London end OF the combination.
]. Pierpont Morgan is a large-framed
man. with a big head set squarely on
O twenty-inch neck that grows out Of