The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-04-09
]. PIERPONT MORGAN,
THE.
MASTER TRUST MAKER.

! kings. because kings are restrained oy
paEfsarrents and ministers, bui Mr. Nor
gar fray remove any one of hss rnA-
road presidents at VIII. and through TIE
president any ernpaose in sss6sa great or
email. Such power may oe compared 10
that Of the exar or the sultan % turkey
/ And Yet IL Is greater because IL reaches
/ into the very homes Of the people. IL ne
{ choosex 10 exert his power u is ifsiinesli-
ately felt fog better or for worse. tn TIE
! homes III thirty nsiIilon consumers Of an
/ thracite coal.
stupendous Power Of Money.
| Mr. Morgan nas never been wreckeF
/ He has always been builder Up OF fao-
. rIou1 fortunes for himself and his asso-
caates gr. Morgan mad the greatest con-
tempt for the late jay Gould He never
I enaptoyE 'wrecker."
a stgasn; If atagism might wonder
/ from what remote world-eonduering an
cestor Morgan derives his wonderful per-
sonality Hts sferuness and ausferity
may well coTne from a line OF puritan
/ &0rraus which reaches back for nearly
three centuries. He was born AT Hart
I ford Conn, April t3, 1s3-, was educated
at "a high school in Boston and finish ed
( his schooling by three years at Gotting@n.
/ Germany. His father. Janius Spercsr
Morgan was a great banker and a good
/ man the partner In many philanthropic
. enterprises OF George Peabody in London.
/ MoTgans father made him. after his re
turn from the German school the junior
! partner IN the banking firm OF Dabney.
/ Morgan a. Co. An elder man was put AT
+ the head OF the firm as a check upon the
| impetucus. domiaeering will OF young
| Morgan
Defeated Jay Gould at ~.
The late Anthony J. Drexei Of Phila-
deipnia early recognized Morgans genius
and made him partner I'm the firm Of
Drexel Morgan & co. of New York and
Philadelphia. J, s. Morgan & co. were
the London house and Drexel, Hartes g.
co. the Paris end Of the firm.
AT the age Of thirty-two Morgan de-
feated Jay Gould In "a contest for the
contFo! Of the Albany and Susquehanna
railroad, and from that day all Wall
street wreekers. except Gould. have felt
in the presence OF Morgan those sensa-
lions ancient Greeks felt in the presence
OF the oracle al Delphi. His work as a
railroad reorganizer has given him
among railroad a reputation such
as Moses may have enjoyed among the
IsraeEtes. and, like Moses, he holds him.
self above and beyond the men whom he
leads. His office is like sibyrs cave or
81 heather temple and Morgan sits in il
as coldiy and loftiiy and repeliingly as a
painted Idol. giving judgment TO those who
enter. No one ever passes through that
open door unlimited. but If Morgan wishes
a man presence a curt note Is dispatched
and the man comes.
Guinness Is Mr.. Morgan's mark He has
given away between g.. 900 900 and s3eo0po
In charity. and nothing puts him into a
furious passion quicker than the acct
dental revelation OF one of his acts of
charity.
When he gives half a million dollars to
found n technical school the recipient
Col. Richard Auehmuty is told that he
VIII lose the money IL he tells ANYBODY
who gave II To him. He gave $1,000 TO
found the public botanical gardens I'm
Bronx park. and one heard of il for a
year afierward. His private coachman
runs DOWN a private cab driven by Jere-
. miah oDonneiI. Of No. 36i Eighth avenue
destroying the cab. Morgan orders a new
| can bought for the hackman, hut forhsds
him to tell anybody. When the city
health department; needed "A new steamer
az Quarantine In an emergency. Morgan
| bought the StoningtoU and gave il TO the
city outright, on condition that no one
should know. When recently. he gave
ii slU,1p house 10 the New York Yacht
club. as gift outright ne made the pre-
seniatton In a speech of about twenty
words. Curtnass. curtness rurtness-al-
ways curtness. He wrote William 4.
Daer. president OF the I.ying-in hospital
the following letter
Dear Sir: ! have for some time thought
1t desirable that your society should arect
uron the land recently purchased from,
IN" estate of Hamilton Fish n suitable
! building for the needs az the hospital
Being OF this opinion ! have had rre
/ hminary studies made by Mr. Robertson
as aFchltect. which I think viii 10 salts
tattorf 10 your aoard of governors If
| assume that the cost of thu bui,,,,,,er
VIII De about 81 .foafno which sum | am
prepared TO donat. for that unrnos.s
Yours. J T. MORGAN
Ills gifts to 81 Georges parish. Of which
he Is a. warden. have oeen snuumerahIe
/ Munilcently charitable though he NAV he
mereiful he does not pretend To be- when
Barry Mines, clerk In HIS ernpiny FOR
fifteen years and the son os woman an
intimate terms with the whole Moran
family. wrote 10 Mr.. MORGAN that ha .,,f
been piifering from the money till making
humble confession and offering what ren,-
ration he could make, the sole answer tlat
+ he received was q visit from Detectives
AcF'aGerty and Price OF the central o.
fee wee arrested him and locked him in
the TonaS. The amount involved" said
Mr. Csster. Morgan's partner. was 4
) mere trifle"
tits Fortune.
No one but himself car ary.roxirnstels,
! estimate Nj Mprean's wealth and 0rsb .
( ahty he could not guess within a million
az the true figure He has made from enc
! t. i've million dollars by each - tho rcor-
EssninEyiaD schemes in each case rerveat-
Ing property destroyed or Numbered Nv
! th~ raiSTusuagsafeut oT Yit}sinv oF others
; lly the purchase or 81 -. as. ~ bands
; from TAe Cleveland administration Mo-
+ gan mate three ny four millions clear
( profit When IN iSss ihe New York Central
found IL necessary ta lsSue a. s.sl shares
/ ~ new stock Morgan. by his perxo1al
/ recommendation sold th~ entire htr-k
( 81 stock IN Fnrpsse for $40 ne Frak4n.. "A
Z personal commission ft was Ycf,orteA I,
+ thc tiuse ~ x*o 49,
~ ssxty-tso Mr.. Morgan l.rz pfate g,
{ anasSec nearly a. large a frtts,,l.. 1s -.
/ late JaY ti2u}t and r Is mounting very
( vap58iy sn these DAYS for besides hiv aft
roads IRE has n controlling interest n,
mary ufAsv corporations f,ke fhe General
/ Etertrtc Company. wh3eh "a cart,.sy -ysav,.
! than - Qrr cert ou SIS t~caty mlniaus ssf
stick