davidaulloa/AmericanStories huggingface dataset:
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-23

ONO. rfssfss, @gt9v rs--l l4ecem- ltSssn
OF trade has driven four coal reads into
the hands OF the receivers.
The railroad companies interested n e
the Baltimore & Ohio. Cleveland, Lorain
g wheeling. Columbus. Sandusky q
Hooking. Columbus. Hooking Valley &
Toleoo, and Ohio Central and Wheeling
Il Lake Erie.
The financial world marvels at this
plan. which Is 10 rescue great anthracite
railroads from their long period Of EN-
parfassment and place them on dsvi-
dend-pay!ng basis. The merit claimed Tor
II IN Wall street Is that II will not neces-
sarily increase the price of coal to the
consumer. but allows the companies in
teressed 10 reap great additional profits
IT is supposed that the attention OF the
different state legislatures will not he at
tracted TO this new trust. and that II can
so perfect Its plans as TO be as firYniy In
trenched In the various states as Is the
Standard OH Company, which has long
since been enabled 10 feel indifferent to
all attempts at adverse legislation.
IL is declared 10 be the most far-reach-
Ing project OF the sort ever devised and
Yet so simple In character that II is be-
lieved the result will be to place the coal
Industry on a solid paying basis. The
most difficult factors are TO be found in
the Pittsburg district but when the de-
moralixing element In that district Is
eliminated there will be steady progress
toward complete success, since elsewhere
the b!tuminous coal lands are in posses
Son of the railroads. and they are dis
posed To settle what little differences may
exist as soon as possible.
The Philadelphia & Reading, with which
tho Morgan interests ch'cny lie, Is the
principal beneficiary OF the plan. as of the
entire &.tsa.aco tons to be sent 10 market
II will supply 205 per cent and will re-
ceiye. on basis OF sanoeo noo. annual
profits OF sa,loc.ooo in addition TO It's re-
cepts.
The following outline gives an lndica-
ton Of the vast profits In coal involved In
this new plan:
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-23
Al Great Banker
and His Methods

ring such a class q applicants from Ap-
peasirg 10 him. St.a. his private charities
are large. despite his attempts TO conceal
them from all bat the henetlciaries. HIs
public benetaettons have been noteworthy
outside OF ST. Georges church and the
American art museum. He is lavish in his
personal expenditures, but that is a rigar
conceded d man who has an income OF
millions No accusation OF ostentatious
living or display has, however, ever been
brought against him.
His annual net receipts must be enor-
nous. The enterprises which he con-
ducts, such as the investment Of eapita,
BY scores OF millions, the REORGANIZATION
of railroad companies and the refund.nS
OF their debts. are not carried on without
ample compensation. and no other raa
stands al or near the very head OF such
commercial speciality in Wall street, or
has done so for more than an average
generation His Accommodations mus, haye
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-23

IRE inside history Of the bend syndicate
az lsss IL % interest There we're two syn
iicgtes associated with the colossal iiran-
cisriag Of the United States treasury.
though IL was customary al the time 10
speak OF these operations as managed by
one combination called the Morgan-Be!-
mont syndicate.
But one OF these associations Rad no
other business than TO provide the parties
with whom the government made its con-
tract with the gold required by the terms
Of tia; agreement The other syndicate
controlled the allotment and sale or other
disposition OF the bonds with which the gov
eminent paid for the gold. Some tnan-
ciers and bankers were members of both
of these syndscates. Some were associated
vita only one. A few. as individuals had
active part in one syndicate and indirect
part in arother-that Is. as individuals they
were OF authority. for instance. In the gold
syndicate. while as associate members OF
banking firms or directors in banks they
were also interested IN the bond syndicate.
IL was a complete II complex union. and
the rrauy millions profit We're divided
among those who formed the conlbina-
tion.
How has Morgan made his millions?
His first great coup was In lss.. when he
joined issues with August Belmont and
the Rothschilds in the purchase OF $780,
by,EtV UI Per cent. 0isitNA SAWS oouuSs
The profit to the house OF Drexel Nor
gan Co. was x.0Q0.opo.
There was no feid for investment in
the old world, and the Rothschilds. the
Pesbodys. and ali their English and con-
tinental connections looked with long
ing eyes toward this country. Morgan
proposed a purchase Of New York Gen.
trai stock for the European market Fools
laughed al wha. they called his pre-
us1rss t,f{s,~ Or, AL -u1AA
prise and awaited results. He bought
81, ooc,t0e Of Central stock at l2o and sold
It to hts European friends at 1876 and up
ward. His profits were over 81. o00. osn.
Then he restored the equilibrium Of the
Hudson River by leasing the West Shore
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-23

been beyori the comprehension ~ TIE or
GtnAry rssrH. Just how rleh ne e TO ore
else than himself kaows and possibly, as
in the case Of other rich raen he Is not
positive within million Or two.
That he has rzaintatned a commanding
position In the rnaelstYon q the financial
cen,xrs. I1oador Paris and New YORK. the
world knows. tEaf ha IS an enthusiastic
sportsman IL 81 cid story 10 every yachts
r-san on earth. that ~ Is as cnce consarv-
at!ve ara broad minded, esatsnsss a-sa pail
anshrcps.. ps. EatiasfcTs can bear witness.
ara that he cs.n be afSaale or absolutely
gnsprryncssti4 ts 4 fact sssuyoi - the
experiences Of every newspaper naaa asaar
Park roy g on ~the street
WAen I asEess hirn fer an ln,a~Yiew ne
positively refused AZ the eanzsssa9cr he
w9s.1 make - nv urgency was. Wet. /
VIII .ook she sszeteA ever i vQu VII sena il
10 ae before publishing x"
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-23

..,...s - the New York Central, peck
- sr,.fer million ard was presented
- -, vs,.derhil:s with 4 silver service
~ AZ pieces. the estimated cost OF winch
was ssHea. Y,r.,~ e.
The remuneration Of the Baiiimore q
ohio. the Richmond Terminal. t'.t Hsad
tre, ard the Long Island railroad. ADDED
49, millions 10 his bank account But
,navn have been minor frisiirg failures.
Tta Columbus & Hooking Valley ROAD
slgg,pea through his fingers. and the mann
rnStb hotel al Hockaway turned out TO
lso a gigantic elephant. But tbs was on
set ~ hts achievement Of taking up the
crippled Erie railroad ard pntnnk /, en-
ttr fee.. The control Of the New England
raitroad is another example ot SIR. Nor
ssf.s genius Ia this direction Ills meth
"a eF treatment is drastic, and the hold
ers OF the junior securities have made
many a AIRY face bat the method is e.
acarious From 81. coo. 60 20 x3.ea.e1 -
generally Supposed 20 be the commission
Ter reorg anization golns 10 the house OF
J. +. Morgan e. Co
lie g. generally quoted at 100000 He
could. ware be willing 10 Speculate. be the
richest man IN America. FOR his power in
Wall street. ls practically unlimited. and
ne would be able, were he 50 Inclined TO
charge the price Of almost every railway
shara in the United stafse as he might
desire. Eut - Will rot have anything 10
co with stock tirksrirs, and holds the
spectators IN supreme contempt To
him france e a science comparable only
TO sound political economy, and be looks
or stock gambling as a statesman would
rs@ar4 tie antics of hungry politicians
His great power IN financial circles lies
fl tse fact that he In practically the
American preventative Of the English
aE8 European millions seeking invest
grats n this country. and e is upon his
good judgment these foreign investors de-
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-23

= prEHPoST MORGAN, the
American King OF finance. has
JUS sailed for Europe FOR a
q seven weeks tour abroad.
The recent big coal deal en-
Rinesrsd by this remarkable
1nAacser again brsngs into unusual prem
inens& the banker who figured n the
Tsn.fed States bono deal and the railroad
v.osi Of recent memory.
TO view Mr.. Morgan az man ana q cssi-
zen one rasst Agst OF all look upon him az
. charitable man and q religious citizen.
for hs IL both
Here, then. h pen picture OF the cisi-
ser:
Passing along the a.sIss u st. Georges
rplpco,as church. New York city, with
heavily chased silver saiver In hand at the
rersaizr collection hour every Sunday
norning. may be seen ssoutiy built. me-
dIrm sized gentleman past the summer
Of Hfs. who might II he felt disposed in.
etssde al tbs running expenses 81 the
church. together with the salaries paid the
RECTOR ard his assistants In his annual ez-
oendltures and hardly realize the differ
eace in his net income. That he has not
dsne 20 In not from lack OF interest, for hs
u the largest financial supporter OF tho
church. and anything that the Rev. DR.
RAinsford MAJ desire In advancing the
welfare OF bis charge will be forthcoming
while j. Pierpon, Morgan continues 20 be
cue OF that ehurch's vessFymen.
But these relations indicate only one
rhase of the character OF many sided
man. Mr.. Morgan ls not only practical
CAsiatian, 10 the extent at least of attend
ing church regularly. assisting personally
n she administration OF It's corporate az
fairs and giving with notable lbcraiity to
the endowment and support OF this reii-
eioas community. but he is generous and
philapthropsc IN other walks OF life.
He Is also a high and liberal liver, who
enjoys unstintingiy all the good cheer he
may chance TO derive from steam yacht
or = good dinner out OF the enormous for
time he has made by the exercise Of his
uBronimon gifts of intellect. As a con-
MONSIEUR In art he is q collector OF peach
blow vases and other treasured tribes,
and has donated sons OF them 20 art mu-
seums. He ioves fast horses ard owns
them. high class dogs and breeds them at
his own famous craSston kennels. adjoin-
ing bis country manor on the Hudson. near
West Point. He Is n member of all the
jtadlng ciuhs ~ the metropolis and in
business circles Is regarded "a the leading
dnancier in the United States
II ID not said OF Mr.. Morgan BY those
who know him best that ne has any inor-
6lnate pride OF ancestry, but II n certain
that he IL a notable example OF herefisy.
Tor his ancestors have been men OF distinc-
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-23

ahoa- y.
Then ,hsrs was his Donation ~ 81 900
eae n January. 49, for new building
fer the New York Virgin hospital IN
Place o. Tire 0re al Second avenue and
Seventeenth street. The offer was made
subject 10 tvro cendisters--sirs. THAT there
shan be sasseisat money 90 support The
rev charity whe1 the building - CON-
rletsf. ansa. second. that the plans os
construction shah As satisfactory 30 Or.
James ". Aarsce. q New York CITY.
L Is believed by those reares, him that
BIS occasional pNhiic gifts. such s& thcSa
mentioned. are Indications of 4 large
handed an3 large hearted HharaI~w in
private nzagtssss though 60 ~cu1d ne a
hardy merchant Eha would apply pe--
soraliT - J f'4cFpoat Morgan for Sersv-
1leas ala
Undoubtedly his brusasle-ess IL partly
assumed - serve the purpose q 6sseg-
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-23

pend when lcok.ne about for vavx ara
means in which to employ their surplus
money. II was this which has enabled
MIN twice to compel the leading railway
PRESIDENTS OF the United States 10 cease
destructive wars IN which IL was limited
scnnc or them were ffnding q personal
profit. and throughout he has acted IS .
balance wheel and check on reckless
@anaeers OF great corporate properties.
HI last gigantic scheme involves the
creauon OF . centrai selling agency TO
cover each or the great bstuminous ceai
oistricss OF pennsylvania. Ohio, West Viz
sinia, Indiana ana Illinois. and a uniform
working arrangement between them that
shaA Forever put = sto? 20 ra,e-cutsing
ana generalization Of tho Yrade.
IL has Kong seemed TO be a hopeless task
20 assure Organization among the soft
ccA interests They are 60 mulssfudsnous
and diverse. and subject 10 50 many Vary
Ing conditions. that rules which would
successfully serve Ia one locality were ut
tsrly useless In another.
Wnen J. r. Morgan and his associates
some time ago determined 20 settle the
anthracite coal situation. they also rro-
posed To strike at the root Of the evil and
remedy she bstumtnous coal trade. Some
OF these genfienen-anshracise coal mag
nates-are interested In hstuminous coal
properties.
Mr.. Morgan IL the controlling spirit In
the Chesapeake & Ohio. which has an ex-
tensive oisuminous coal territory In West
Virginia. The Pennsylvania railroad
owns extensive mines In Pennsylvania,
The Baltimore a Ohio has large mining
interests in both West Virginia and Ohio.
and the Hooking Valley road. which the
rnancier Ii reorganixing. il one IL the
chief owners Of coal lands In Ohio. THESE
examples serve TO Illustrate the interests
that are at stake In the hstuminous dts
tricts. which are also identified with the
anthracite trade.
Mr. Morgan began to arrange the sita-
alton IN Ohio and Eastern Pennsylvania
several weeks ago. and the settlement, IF
the situation In the so-cailed Pitsshurg
district and West Virginia districts Is
under way.
The Ohio coal trade was placed on q
nrm basis about December Is at a meet
ing In New York city Of the presidents
OF the railroads covering that territory
The managers of the Ohio railroads met
IN Columbus on Decerhc>. to complete
tho details Of shext-,l,~.s "a which IL
hi = the
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-23

estates. Mr. Morgan has Stways been OF
counsel " and not infrcWueNl}y has PC out
lined beth the only feasible procedure ana
engineered ihe execution of tae Only possi-
bic successful course. To relate his va
rious achievements ia order would he SIM
,oiv n rehearsal % the hest knewn facts II
tha financial history nf ihe United states
for the past th.rty-siEas wars II would
he quite Impossible % get this gentleman
70 talk Of hIs record. AMI even congress
found Itself unable 10 derive Information
from him regarding The bond issue e ls'sA
lie Is ecntenf 70 set and let otAefs FUR
,,sSh explanations < they afa able - do So
fstst in as,tlcn ha Yields precedence 20 AoAt-
with all the tendency NJ All atFHrt 87s
toward she dissection of the methods. 81 ,-
tta.,s. usea1s and anal achievement of IS
leaders no enc hes ever yes maintained
that Mr.. Morgan's riaas were Tat rs okn
or thai they acre not carried out l1rSesy
Av means az his oWN f8rcefui personally.
but ~ his individuality i : 4Hpassiois
- give an accurate description nANs
seen Mr.. Morgan. SAID one well known
man "a DO is al Acquaintance ef the hamE-
or. under all sorts % Circumstances and
IN mary varying moods. bat | never save
Rim calm. lie 50 always TsoFe or less per
,ureeA about something ard always ire
rsena0usly IN earnest ahoat whatever ne
may happen SO te doing
isUt archer gentleman who kr0wS ne
anaueier equally well. declares ;hat Mr.
Morgan nfost striking Characteristic, -
tAa cool steady. trss ne-terAa hti}ty tH2t has
never failed hEn IN an snseggency-
The tragh IS the Taaa - n.anS-ssGs6. aaa
no ore " no has not tae mast Intimate psr-
xoasl srs1uasntarrr with hsrn has the Ttset
- at1ernpt giving an exposition - DIS
roiez - sScasiEs - ANYTHING Ike com
riese ceEn prchenxsSn - Ass ussgEe. An tn
tinsase ralxas TeatHv eVersooA re ysrs
crafts watch would most impress = casual
observer.
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-23
THE Career of
j. Pierpond Morgan.

same. srch regulations are not Achieved,
however. without worth and effort and
thus the name Of J. P.erpon. Morgan has
become ora to cor lure xsta.
One OF the bright men IN Broad street
recently en5oye. a taree days nct0r.ety
by saying that Il a railroad company
should get into difficulty the Only tsssng TO
do would be 10 re-Aorganixe L.
Since his first great financial battle.
prior TO the civil war. This noted money
maker has heea almost constantly before
the public All a man who was the master
mind In schemes OF stupendous import
where not only millions bu. hundreds Of
millions were used.
Whether the question has been one OF
the reorganization OF some great trunk
line ike the Northern Pacific or the Balt.-
more & Ohio. a less Important railroad in
Virginia. the floating OF national bond
!ssue OF t21sl 90 .az9. as 10 1888. or whether
II related 10 the policy of investment or
the management Of the grea; Vanderbilt
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-23

ton for generations. and IL family de-
serves regard IN democratic country.
he may be considered to have been born to
ssrsnerce. His father julius y. Morgan.
was banker q prominence. being the
founder ana AERIAL head az shc Arm OF J.
d Morgan e. Co, OF ,ordan. This father
married TITO the rierpont family. ana
John fscrpoaf. the poet, was the maternal
gfaEdfather " j. rie-noat Norsan7 TIL.
unusual pleading OF business traits and
habits with artistic ana intellectual
tastes. The prominent characteristics q
Mr. Morgan. are. therefore. yrsc@abie d.
fecily 20 his ancestry.
His birthday was on April y. 1865 tffsrt-
ietd the place.. and Zee was consequently
very young man when In lsse ne made
alnsef felt as power tn the fuancia!
world. The occasion was a struggle over
we possession of the AIbauy ard Suaaue-
ha9aa railroad, and the two nasuases
VIII whom he came IN 9iFerf CONFLICT were
day Gould and James Fisk. jr Though
shen full partner in the house 90 Dab
ney Morgan 4 Co. OK Exchange place. he
vas hardly expected at IS, fresh from hts
university course AZ Gostsiugen. Germany.
to Demonstrate great fsaai ability.
= Meeting the clustering Threats CO Fisk
and Gould with calm defiance he led the
orpoz4uon against their schemes and over
Nhs,,ninsiy defeated them.
Sre result OF this financial victory was
ths dissolution OF nahncy. Morgan & CO.
I sna the formation az the great banking
arm Of rTeSei. Morgan * Co, which. by
tAe CEN psrative.y recent death OF tina
. sertcr member. has been changed IN
. nAfne tealyr 20 J. P.sr9ont Morgan a Co.
W tbs Trrn Mr.. Morgan Is not only tho
nsnlnal bat the active executive head
ifis ceanec<'an vfth the hanksnx house *
:. ;. Morgan y Co. o. Iondcn. Is aos 80
xasasy delsned. hut the general heileg IL
taas iats IL the controlling interest in that
arm Ia fnlaaaelahfa TIE haase Of prexel
g. stu exists. and IN {. 10 has part
.eFshle satsTest. lis relations with
AsSxei. Hsrtes 81 CO. - Paris are Ger
2ina q sAe closest nature. W;fh these
ee1sScfIens x VIII not occasion xssrpTfse
shea II - sal3 81 htm that Ne oan SOM
rs@rI Eaore really money 81 his own ard %
osasr people fer she furlAaramea % nnv
k'rak enterprise thar san any athrr A-1ssr-
fTAa niaancssr. SO well established = .hf<
reputation that hls narse IS Invariably
mentioned n connection with anw x~eae
ssErsFeisS enterprise, bad sale or INDUS
sal formation ruasea ~ Wall street Or
49, a&N'aS = newspaper suggestion. o.
~sNaSssy tAeee picturesque runners ara
.~oternas SSt a few weeks axo a z~avs
@aesHees a5feaFe1 10 tire afsrt shst a
ssass vas n presses et formation fer rAa
t@hese ~ Scatras[tnx al tsa fsanksns-
sssess 90 The tnsSea states. anA ms
use Mr.. Morgan VAS ssensBa.,s.i a. -
a'fsSEser ansi rxesattxe hsas ~ sas -
-. ss@SesaAtsSn- y EAe dreamer haa
ssssea That T. sss . ryss.t j., "a. s,,.s, a.
afsS ESswst wee+a a4vu eaea xeo
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-23
DENNY
BLAINE
LAND co.

ed wharvss: ether water front
property: large amount Of Tide
lands: building lots between Rail-
read avenue and Western avenue:
business property upon First ave-
nue.. First avenue south. Second
and Third avenues and Yssler way:
four business blocks; 4 number OF
beautiful residences on Denay hill;
. fine home In Queen Anne: resi-
derces In other parts Of the city:
and a large ard choice list Of resi-
dence properly. We handle only
perfee, titles. Examine Cur list
before buying elsewhere
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-23
THE EVERETT
s MONTE CRISTO
RAILWAY

The only route to the popular and active
mining districts OF Gold Basin. Gordon
Creek. Martin Greek. Silvorton. Deer
Greek Goat Lake and Monte Crtsto.
The scenic route for tourists. fishing and
camping parties.
The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-23

For rates and other information address
nearest local agent. or
=. ~. BAIRD,
Gen. Frt. e. Psgr. Agt.. Everett. Wash.
The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1898-08-15
A SUCCESS.

The opening announced for last
Saturday evening by the Bergstrom
Music Company at their new music
store in the Progress Block, was a
complete success. The store was
crowded by lovers of music and pros
pective buyers. No attempt was made
or intended by the management to
sell goods. The sole object was to let
the people of Honolulu know that
there was a first class exclusive music
store in Honolulu. On the ground
floor is the display room and retail
business. Here a stock of thirty-five
pianos could be seen, embracing the
different styles of the Kroeger, Chick
ering and Kimball makes. A large
assortment of the smaller musical in
struments are displayed in the glass
cases at the sides. The sheet music
stock is complete and embraces the
latest pieces in instrumental and vo-
cal music. A call at the Bergstrom
Music Company's store will be sure to
supply your wants. In short this NJ
to date store fills a long felt want
in Honolulu and its future success Is
guaranteed