davidaulloa/AmericanStories huggingface dataset:
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21

another-that is, as individuals they
were OF authority, for instance. in the
gold syndicate, while as associate MEM
bers of banking firms or directors in
banks they were also interested in the
bond syndicate.
1t was a complete IL complex union,
and the many millions profit were d.
vided among those who formed the COM
bination.
How has Morgan made his millions?
His first great coup was in 1871. when
he Joined issues with August Belmont
and the Rothschilds in the purchase OF
$3.50 00o. 900 Of per cent United States
bonds. The profit 10 the house OF Drex-
el Morgan & Co. was S5.000.eeo-
There was no field for investment IN
the old world. and the Rothschiids, The
Peabodys and all their English and con-
tinental connections looked with long
ing eyes toward this country. Morgan
proposed a purchase OF New York Cen
trail stock for the European market
Fools laughed at what they called MS
presumption Practical men expressed
surprise and awaited results. he bought
So. 600. 600 OF Central stock at 10 and
sold it TO his European friends at $50
and upward His profits were over ST.
OO0. 600 Then he restored the eQullibfl-
UNI of the Hudson River by leasing the
West Shore railroad 70 the New York
Central. pocketed another million and
was presented by the VanderDilts with
a silver service of 500 pieces. the esi-
mated cost of which was $4,000
The rejuvenation OF the Baltimore and
Ohio. the Richmond Terminal. the
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21

600 is generally supposed TO be the COM
mission for reorganization going TO the
house OF J. p. Morgan & Co.
He is generally quoted at $50, o0o. 00o
He could. were he willing TO speculate,
be the richest man in America. for his
power in Wall street Is practically IN
limited. and he would be able. were he
so inclined. 10 change the price OF al
most every railway share II the United
states as he might desire But he Will
rot have anything TO do with stock tin
kerins. and holds the SPECTATORS in su-
preme contempt. To him finance is a
science comparable only TO sound polit-
ical economy. and he looks on stock
gambling as a statesman would regard
the antics OF hungry politicians.
His great power in financial circles
lies in the fact that he Is practically
the American representative Of the
English and European millions seeking
investments in this country. ana i Is
upon his good Judgment these foreign
investors depend when looking about
+ for WAYS and means in which TO EN-
pioy their surplus money. II was this
which has enabled him twice 10 compe
( the leading railway presidents OF the
/ United States to cease destructive war:
/ in which it was limited some OF them
were finding . personal profit anc
/ throughout he has acted as balanc'
wheel and check on reckless manager
/ OF great corporate properties.
/ His last gigantic scheme involves th'
creation of a central selling agency u
cover each of the great bituminous Goa
/ districts of Pennsylvania, Ohio. Yves
/ Virginia. Indiana and Illinois ana
uniform working arrangement between
| them that shall forever put a stop Z
rate cutting and Generalization OF IN
trade.
! It has long seemed TO be hopeless
task to assure organization among IN
| soft coal interests. They are so multi
tudinous and diverse. and subject 10
many varying conditions. that rule
which would successfully serve IN on
locality were utterly useless in another
When ]. p. Morgan and his associate
some time ago determined 70 settle TN
lanthracite coal situation, they also pro
Dosed to strike at the root or the eV
land remedy the bituminous coal TRACE
Some of these gentlemen-anthracit
coal magnates-are interested IN bitu
minous coal properties.
Mr.. Morgan is the controlling splr'
in the Chesapeake and Ohio, which hs
an extensive bituminous coal territor
in West Virginia. The Pennsylvania
railroad owns extensive mines in Penn
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21

money to support the new charity when
the building is completed; and, second,
that the plans of construction shall he
satisfactory to DR.. James w. Markoe
OF New York city.
1t is believed by those nearest him
that his occasional public gifts. such
as those mentioned are indications Of
large handed and large hearted liber-
atty in private matters, though he
would be hardy mendicant who would
apply personally TO ]. Pierpont Morgan
for benevolent aid.
Undoubtedly his brusqueness is partly
assumed to serve the purpose Of deter
ring such a class of applicants from
appealing TO him. Still, his private
charities are large. despite his attempts
to conceal them from all but the bene-
ficiaries. His public henefactions have
been noteworthy outside Of st. George 8
church and the American Art museum.
He is lavish in his personal expendi-
lures, but that is a right conceded a
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 enCr-
nous. The enterprises which he con-
ducts. such as the investment OF capital
by scores OF millions. the reorganiZa-
ton of railroad companies and the re-
funding OF their debts, are not carried
on without ample compensation. and
no ether man stands al or near the very
head Of such q commercial speciality in
Wall street. or has done so for more
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21
The Career O
], Pierpont Morgan,
A Great Banker and His Methods
His Charities, His Habits,
His Fads and His
Pleasures,

formation for the purpose OF controlling
all the banking business Of the United
States. and, as usual, Mr.. Morgan was
mentioned as the originator and execu-
tive head Of the gigantic combination.
If the dreamer had stated that it was a
trust in the building trade, the result
would have been the same Such repu-
tations are not achieved, however, with
out worth and effort, and thus the name
Of ]. Pierpont Morgan has become one
to conjure with.
One of the bright men in Broad street
recently enjoyed a three days notoriety
by saying that if railroad company
should get into difficulty the only thing
to do would be to e-Morganize it.
Since his first great financial battle.
prior to the civil war, this noted money
maker has been almost constantly be-
fore the public as man who was the
master mind in schemes of stupendous
import where not only millions out
hundreds of millions were used.
Whether the question has been one OF
the reorganization of some great trunk
line like the Northern Pacific or the
Baltimore and Ohio, a less important
railroad in Virginia. the floating OF
national bond issue of 100000, 900, as In
1895. or whether it related to the policy
of investment or the management Of
the great Vanderbilt estates, Mr.. Nor
gan has always been "of counsel" and
not infrequently has he outlined both
the only feasible procedure and ergi-
neered the execution of the only possi-
Bile successful course. To relate his va
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21

is also prominent-is well known, but it
is not his usual manner. A career of
unbroken success has doubtless accen-
tuated his natural self reliance, and the
magnitude and multiplicity of his af-
fairs may naturally cause him TO be
impatient of detail and intolerant OF
opposition. Moreover, he is violently
opposed to public notice of his acts and
strongly averse to notoriety, though no
one is better aware that publicity is in
evitable.
When two years ago he fulfilled a
promise he had privately given DR..
Rainsford and doubled the contribu-
lions of the entire congregation toward
a church endowment fund, he made
strenuous efforts to prevent the an
nouncement of his name in connection
with the princely gift. His method Of
refusing information was to look the
reporter straight in the eye and state
deliberately that he knew nothing about
it.
Then there was his donation of ST.
900, 900 in January. 1897, for a new
building for the New York Lying In
hospital in place of the one at Second
avenue and Seventeenth street. The Of
fer was made subject to two conditions
first, that there shall be SUFFICIENT
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21
The Purple
Grab Of
Florida.

on the borders Of the Florida Ever
glades the visitor will often see large
yellow spider. He swings "a strong web
from two plant twigs on each side %
a patb or clear space OF ground ana
waits for his prey The web Is In the
shane OF hammock. and tapers al
each end TO a fnc point. though quite
broad in the middle The bright color
Of the owner seems 10 mark him out for
destructi6n-he IL clearly deemed
against the white sand or dead leaves.
and YOU wonder what ~ would do for
defense in case of an attack. Approach
quietly and he watches you intently
II one raises his hand suddenly be VIII
disappear. While you are wondering
what became Of him YOU see a faint
blur where he had been. then several
soiders. then YOU catch sight again ~
the yellow ball you noticed az first. Re
neat the performance. and the strange
erect IS renewed. The DISAPPEARANCE
is abgolute-thcre can be no doubt about
it-snd tho little magician trusts 70 II
entirely for his protection How j. u
eone2 As soon as he IS threatened be
Charts the vibrations Of his airy ham
mock. These become too rapid FOR the
these become slower you see blur and
then several vyiderz. as the eye catches
him At different points y his swing. IN
I'll finally he rests before you
Haunting the rookeries ~ the birds
in the southern part of the peninsula
- a large blue crab lie makes a hole
in the ground usually under los. and
when hc hears "a noise elsvates his head
I
effect. lie ia able 20 take care q him
self for his pluchers are powerful and
his shell Is hard. lie is often as large
az saucer.
There Is a perpetual wnr between
him and the birds I3e wand~Ts among
the neata at night and appsopriatea the
bits of Ssh left by the nestiiuga and the
young Themselves. y he can End
mother Of her guard. But be has 20 De
sy. OF ne ~ Killed by THE stroke 81 bay
onei BIZ and eaten IN his turn. when
the plume hunters have driven OF -
destroyed the parents II a r0okgrT.
these crabs swarm out and devogT tbs
orphan young - short order. Bgt Ehlis
the mothers are allowed O. D. their eu-
- the crabs are ideal scayengern and
fevour the refuse - vgell az The meets
that iafert The bird eIues. Thefr 5rlgh'
cofora Ike ;hoee 4 tEe tiger. HaEf
them Jess dangerous than their Ape
tltes would ofhervlae De
Tnere is a little purple crab along fhs
coast 81 southern Florlda which seems
q. feed almost eufirety upon TIE fFuli
q the cactus Tnls Sc - r1uea reaer1-
bles that ygu are suddenly slsrfriEe1 -
40 one u fhe surcu5eut iittle balls
move away from yD4r fingers before
yos are amzre fhaf y ls alive. Step
hsek and IRE crab wiz resume is place
rad r4era 70 - a. cafioss a5out you -
Won are about hira.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21

than an average generation. His &C
cumulations must have been beyond
the comprehension of the ordinary
mind Just how rich he is no one else
than himself knows, and possibly. as in
the case of other rich men, he is not
positive within a million or two.
That he has maintained a command
ing position in the maelstrom OF the
financial centers, London, Paris and
New York. the world knows: that he
is an enthusiastic sportsman is an old
story to every yachtsman on earth;
that he is at once conservative and
broad minded, cautious and philan-
thropic, DR.. Rainsford can bear witness.
and that he can be affable or absolutely
.unapproachable is a fact assured by the
experience Of every newspaper man
along Park row or on "the street"
When 1 asked him for an interview,
he positively refused. All the conces-
sion he would make TO my urgency was.
well, 1 VIII look the sketch over il
you will send it to me before publish
ing it."
The inside history of the bond syndi-
cate of 1895 is of interest. There were
two syndicates associated with the
colossal financiering Of the United
} States treasury, though it was customa-
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21

Reading and the Long Island railroad
added more millions 70 his bank ae-
count But there have been minor XII
fling failures. The Columbus and Hock-
ing Valley road slipped through f1.s M
gers. and the mammoth hoiel AZ Rock-
away turned out - be 9 gigantic eis-
plant. But this was OFFSET b nis
achievement OF taking up the crippled
Erie railroad and putting i "a is ieet-
Ire control OF the NeE Englara rai4-
read IS another example - 3r- Nor
gan's genius in this direction his
method Of treatment g drastic ard the
holders of The junior securities nav7
made many NY face. but ihe insliso1
Is efTicacious. From s. .e92.199 70 s-e@s, =
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21

~ at the time TO speak OF these op-
erations as managed by one combtna-
ton called the Morgan Belmont syndi-
cate.
But one OF these associations had no
other business than TO provide the par
ties with whom the government made
its contract with the gold required By
the terms OF that agreement The other
syndicate controlled the allotment md
sale or other disposition OF the bonds
with which the government paid for the
gold. Some financiers and bankers were
members Of both OF these syndicates-
Some were associated with only one.
A few. as individuals. had active part
in one syndicate and Indirect part IN
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21

rious achievements in order would be
simply a rehearsal of the best known
facts in the financial history of the
United States for the past SO years. 1t
would be quite impossible to get this
gentleman to talk of his record, and
even congress found itself unable to
derive information from him regarding
the bond issue of 1896.
He is content to act and let others
! furnish explanations if they are able to
do so. But in action he yields preced-
ence to none. With all the tendency
Wall street has toward the dissection
Of the methods, motions, means and
| final achievements of its leaders, no one
has ever yet maintained that Mr.. Nor
CAMS plans were not his own or that
they were not carried out largely by
means of his own forceful personality.
! But of his individuality it is impossi-
BILE to give an accurate description. Il
/ have seen Mr. Morgan" said one well
/ known man who is an acquaintance OF
the banker. under all sorts of circum-
stances and in many varying moods,
/ but 1 never saw him calm. He is al
ways more or less perturbed about
something and always tremendously in
. earnest dpbul AHdtGNGl hG may AGHECn
TO be doing"
! But another gentleman, who knows
I the financier equally well, declares that
/ Mr. Morgan's most striking character
( istic is the cool. steady imperturbabili-
I " that has never failed him in an
emergency.
/ The truth is the man is many sided,
and no one who has not the most init
mate personal acquaintance with him
has the right to attempt giving an ex-
position of his modes Of thought or
anything like a complete comprehen-
sion of his nature. An intimate might
! readily overlook the very traits which
would most impress a casual observer.
That he is an impetuous man oTdi-
narily cannot be doubted. II is suffi-
cient proof of this to see him make his
way through a crowd when fastening
from his yacht Corsair 10 the ferry
boat about starting for the city. He is
one Of those persons who make their
way through a gathering not by the
violent methods Of the rough. but by
urgent persistence. This is possibly an
indication Of qualities that have aided
in his success.
Generally he is brusque. That he can
be as courteousiy polished as any asso-
ciate IN the social world-in which he
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21

His royal highness the Prince Of
Wales Is very often plain Ar. Aoaiton
and the democratic Eraci0usness OF his
manner is such as 10 make the alias all
the more impenetrabIe- One would not
hesitate in a moment OF desperation 70
ask Mr- M0ulton for q match or the
time Of day-
The Princess Maud has always had .
strange passion Tor travelling ABOUT n
cognito-- Upon these occasions she
adopts. as q ale. the name Mss Mills
Some tine age as Miss Mills she spe1t
two o. three weeks az country house
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21

The empress = AEs-rta. hls eonrort
seconds him ~ the natter - az elizs
ead c.8aks ber royal nef ln ifa anfo-
mantle acu-asiaE name Il E-Aixzpsia
Nf-hogson. ThrFe - romano 5en2rss- ne
name A th~ s-uDresa once had IA
ra.lte izGYa nlasa. Ehs 5,g~srss llziss Der
attachment q tae incoEGlto-
Ef-atagy ~ 5rss fea rsssbratet alsasss-
Thee are fHe aliases - CnaFses Y and
Czeer Anne TTben tho narTrT rnon-
arcA xas eet o. Rs midnight raTels IN
LorG1u y anywhere else. ne asslEnasss
ksussG "a Floassy.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21

safely ~ hc-ae that her Identity Vas
c.sescss1 g. the house party.
Another n.zz15er q EsuEsarts royal
family pHo nas an alias % incogsito IS
hsr royal ksganess the Duchr17 - Con
zauRht. IpeD Issr.y every sgurEley ss4
assumes fha name - Countess q g
SIX and czrefu.5T guards ~
Ire Ell eror - AGHzs5a IS zlr5 ire
harry posssEsar r. 40 alas- rs tgur-
nerlrgs are r1zEe 81 Count 5e5easrnta -.
Thfs 81 his ssrlctest Ineo EGttg ard o14
;1ar Is very little known Deyo29 Eas
.aIace ana SIT
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21

ore q . large party She Nras intro
duced as q newcomer - A caaPercn
whose position was an uniFnpezcf-zo.e
social guarantee.
Although as the days passed Il BE-
came evident that Mss Mis- sroe1
among the guests though 1ot g tnzn.
she ~as ire center q Attraction I Faa
re- long before every uan IN tIa house
was AZ her feet.
VV.th the greatest q good huEno-. but
z gentle. InFu5sts4lza bic digu.1y rs.h-4.
SIZE discouraged tAs.T zdvasres- Ard i
Was nct until ths merry .-.5cesz vas
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21

prince Of that was about TO descend
from his coach or railway carriage
Queen Victoria, for instance. finds II
advisabl at times TO use an incognito.
Probably every one II England knows
that she and the Countess Of BGlmoTal
are one and the same She. however.
does not always use that alias. Occa-
sionally when travelling she goes under
the name OF the Duchess CT Lancaster
This is IN alias. and yet II is not II IS
one of her numerous titles. but there IS
no doubt that II is used 70 hide the
greater title OF queen.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21

plan. which is to rescue great anthra-
cite railroads from their long period Of
s di,ris1 paying<ssxl me~ie'
claimed for II in Wall street is that 10
will not necessarily increase the price
of coal to the consumer. hus allows the
coupanies interested 10 reap great ed
ditional profits. 1t is supposed that the
attention OF the different state legisla-
tures will not be attracted 10 this new
trust and that il can so perfect its plans
as TO be firmly intrenched in the vari-
Gus states as is the Standard OH COM
pany. which has long since been ena-
bled to feel Indifferent TO al attempts
at adverse legislation
II Is declared to be the most FAR
reaching project OF the sort ever de-
vised. and vet SO simple IN character
that il is believed the result VIII DC 70
place the coal industry on a solid and
paying basis. The most difficult factors
are to be found in the Pittsburg dis
trict. but when the demoralizing eie-
msnts in that region are eliminated
there will be steady progress toward
complete success. since elsewhere the
/ bitumiaous coal lands are in possession
+ OF the railroads. and they are disposed
+ to settle what little differences may ex-
! ist as soon as possible.
The Philadelphia and Reading. with
which the Morgan interests chiefly lie.
/ is the principal beneficiary or the plan.
/ as of the entire A.. 600 600 tons TO Se sent
to market it viii supply 2O.s per cent
and will receive. on basis OF SO 600. :
600. annual profits OF $4.1oo. 600 IN add
ton Ia its receipts
The following outline gives an indi-
cation OF the vast profits IN coal involv-
ed in this new plan:
! ..-rr>-nr-c, l-n,TrrA- , -.rfNN-
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21
ROYALTY TNCOGNVTO,

The word "alias" has to a majority Of
people an unpleasantly suggestive
sound. II at once brings to mind muir
derers. thieves and scalawags in gen.
eral and is invariably associated with
the printed accounts of court proceed
ings.
When one reads or hears that John
Smith is alias Tom Jones. John Smith is
invariably put down as bad lot and
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21

an undesirable person TO meet in a dark
street.
But aliases have their legitimate uses.
and, strange as il may seem. they
abound among the royal families OF Eu-
rope There is always a certain amount
OF conmotion when royalty goes sad
ding and pretty hurry burly might en-
sue at the railroad stations if the popu-
lace knew that the king OF this Or the
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21
1.-The OCEAN Dried 10.

Y the whole ocean we're dried up al
.t,s rivers u the Eorid sossi4 have 90
posr the8r uztes into is basin for s9.277
yearr before Bt sDuis aEala he fan.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-01-21
BITUMINoUs CONVENTION

MINUS 10AEt-Nsa4 A~-N-
Output in tons
Pennsylvania .............-.-.-.-... 800 eo
West Nirginia--.-.-.---....-... 49,, ~
Ohio -----.--.---.---.-..-----.- 49, ~
Indiana --....--.----s-..--.-..-s-.s sree.,',e
Illinois $1,000
Total ............................ i00.Oo0ooo
E e5pd RFoa' at q! 70 e eSSis son ~
Extra profit OF bituminous coal
roads Al ~ cents ton.-.-..---.. N.V'9Vos
Total profits OF six selling agen-
CinS Rfo.eelseNN
A S5pta T. per ee.'' Oh '.,.e.' 500 600 900
ANTHRACITE COMBINATION.
Annual output (tens). $500. 600
Amount saved by selling anthra-
cite coal through joint agency -, -, -,
$50 cents ton}..-.--.....-. ...--.. S-V.eoo.eo0
"a CAPITAL ~ Of fe , e''l. -. 100000 ooo
Total extra pronts a year under
the Morgan plan .----......-.---. 6oO0o. 90
Mr.. Morgan is big man physically as
well as mentally and financially. lie Is
broad shouldered and heavy set and
abrupt in manner and speech. The i'm
pression he makes upon one IS that Of a
| forceful character His dress Is decld-
edIy English. being usually OF rough
cloth with rather pronounced pieids or
stripes. while his watch chain Is heavy
| and his general tout ensemble th3t or
man who patronizes a good tailor. but
puts on his clothes in hurry. There
Is nothing about his personal appear
ance to suggest the attentions Of valet.
and his bitterest enemy would never
call him "a dude"
His fancies run 10 yachts and dogs
The latter he loves. When you give 4
collie to a friend. it is an infallibie sign
OF loyalty. IT is said he offered one Of
Seton Hero's pups TO ex-Secretary Car
lusle and another 70 ex-President Cleve-
Hand as a token of esteem and regard