The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1895-09-13

master of financial intrigue. but he was
tricky and therefore diHtruatcd
J. plcrpont Morgan combines many
~ the qualities OF an the types mon
toned. lie ~ the greatest merchant In
bonds and securities IN New York. and
that means Ia the western hcmlHphcrr
Hc has that same boundleas faith in
the business OF the country. present ana
future. and IN hlH own Judgment ana
ability that inspired Vanderbilt and
Scott and I'm and Rockefeller and Ar
mour 90 stake themselves and their Tor.
tunes every day ON the outcome OF their
plans. But better than an that. he has
MS keen financial instinct as Gould.
ana mastcrful way OF commanding
tho confidence OF other rich ana strong
men and combinations OF capitalists
They come 90 him when they are well
ana they come 20 him when they are
sick.
The public had not heard much about
J. Picrpont Morgan until W. N. Van
derbllt went TO aim as a sick man would
go 10 doctor and asked him what 90
do about the West Shore Horace P0r-
ter General Winston and few other
associates had built the line TO soil to
the New York Central. Just az Calvin
Brlce. John l. seney. General Sam
Thomas ana w. II. Howard had built
the Nlckcl-Plate TO unload on the Lake
Shore. and the thoroughly Infatuated
Vanderbilt was for starving them an 10
death. even az the risk Of breaking him
self lle called the builders OF the rival
lines blackmailers and other harsh
names
Buy the roads" said Morgan.
I'D II l Will" said Vanderbilt
BUY them" commanded Morgan:
and they were bought II was a bitter
pill, ana made some gentlemen rich
whom Vanderbilt hated like snakes. but
the purchase proved 10 be a wise move
from "a business standpoint. although
nearly 500, 900 900 In added lndcbtedness
was piled up on the Vanderbilt proper
Ties 90 complete the deal However.
they got over 800, 900. 900 worth In the
acquisition OF the parallel lines. ana an
Insurance against future trunk-llne
construction between Chicago aud New
York.
That was In 1885, and ever since that
]. Plerpont Morgan has been growing
In the esteem OF railroad financiers ana
Investors. No big scheme OF organlza-
ton Is complete until he has passed ON
II. lie exercises a remarkable influence
over railroad Arrangements. ana Il was
only a few weeks ago mat he took a
dozen or more presidents OF Important
systems on a cruise on his yacht and
read the riot act 10 them with such ef-
feet that they there and then entered
into an agreement Tor the malntainance
OF rateH-a pledge which has not been
broken yet 20 far as known. No other
human being could have harnosacd aud
driven these magnates. big men them
selves, except ]. Pierpont Morgan. lie
was bitter on Cleyeland's second Issue
Of bonds, and did not want 10 go into
the third and last one. which has melted
him 100000 and won him rank as the
biggest man in the country" August
Belmont had 10 beg him 10 90 into the
syndicate, but once In he took the rclns,
although Belmont was the originator
and shared equally with Morgan In the
results. besides getting a ralSe-off from
the London end Of the combination.
J. Plerpont Morgan is a larse-framod
man, with a big head set squarely on
twenty-lnch neck that grows out Of