The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-12-31

1 coQ everywhere Hrlce, 1Hb NlZos OF. ObIiOukS
PoTTEs DRuc AMP cHE,f. Gear sole P-"n- s"f'or
| carrying trade and Japanese and Chimes,
commerce. He is a stockholder in tbs
Nippon Gusan Kaisha, of Japan.
We cannot warm ourselver withou
contributing TO Mr.. Morgan's profits. HI
is the head and front of the great an
| thracite coal trust which includes th'
coal mines and the railroads which carry
the coal into New York
He has another little concern known a:
the Soft Coal Trust, which operates il
Ohio, Indiana, Pennsylvania and Wes
Virginia.
In 1896 Mr.. Morgan engineered a com
bination Of the Western Union Telegraph
Company and the American Bell Tele
phone Company, whereby their profits
were increased by upward of 900 6
year.
He is the organizer of the Steel Trust
which does the greatest business of its
kind in the whole world.
In an odd moment he foated the Cot
fin Trust this year with a capital of $685.
900, 900. He is also the head of a syndicate
that is promoting Thomas A. Edison's
great invention for separating iron from
ore with magnets.
He is aiming TO control the street rail-
roads of the whole country. He has In
terests of this kind in Boston. Chicago
st. Louis, Baltimore and Pittsburg.
Mr.. Morgan aroused considerable pub
lie interest when he 1oated a bond is
sue of s62, 900 900 for President Cleveland
He received s., 100000 for taking the bonds
and proceeded to make s15,Ooo.0 900 or more
by selling them to the public
When q Senate committee endeavored
to ascertain his profits, Mr. Morgan an
swered in a characteristic way:
MY business is banking" said he.
Perhaps yol. will prefer to hear my stae
ment IN my ON" way rather than Qdes-
ton me-"
He refused to to-, what his profits were
or give any information beyond that cor
tanned in his statement
Mr.. Morgan's amusN uents, apart from
finance, are varied am in spite os his
Tremendous labors he goes into them very
thoroughly.
One of his chief amusements is yacht
ing. He is commodore of the New York
Yacht Club, and was the real owner of
the good sloop Columbia, which Kept the
Americas Cup this year. Soon after be-
coming commodore, Mr.. Morgan gave the
club a new house. costing 100000.
He always kept a fine steam Yacht. At
the time OF the Spanish war he sold his
old Corsair for large price to the Gov
eminent
She was converted into the GIoIcester
and played a glorious part under Lieu
tenant Commander Wainwright at San
tiaso, With the money obtained Mr.. Nor
gan built a new Corsair, 800 feet long. the
most luxurious steam yacht afoat Dur
ing the summer he goes to and from his
office and his house on the Hudson in her.
Dogs hold large place in Mr.. Nor
cams affections He has $780, 900 worth of
them at Cragston, his place near High
land Falls He imported the famous col
lie Rufford Ormonde, and has the finest
collection of dogs of this breed in Ameri-
ca. He has also many other breeds.
He is very kind to his dogs. When
his favorite Boston terrier lost an eye in
conflict with a Maltese cat, Mr.. Morgan
provided his dog with a fine glass eve.
but the unfortunate terrier was so hu-
inflated by his defeat that he went raw
ing mad and died.
He recently purchased the fines. pair
of carriage horses in America for 81 $50.
Mr.. Morgan is a very devout member and
warden of St. Georges Church in Stuy-
vesant Square He takes around the
plate on Sunday.
His gifts to charity are numerous. He
gave s1,O0o,0O0 for a building to the New
York Lying-in Hospital and the land In
addition
He gave $4,000 to light st. PauPs Ca
thedral in London. by electricity, and
has been generous to many foreign insi-
tutions.
Mr.. Morgan has strong literary and
artistic symDathies. He advanced s.. 600
900 to sustain HARPER &, Brothers. He
has made many presents to the Metropol-
itan Museum of Art, among them a be-
autiful silver enameled shrine by Benven-
uto Cellini. His town house at No. PIG
Madison avenue, is a museum in itself.
As a collector Of rare books Mr.. Nor
gan has an international fame. He pos
sesses four volumes OF the folio editions
of Shakespeare. dated 1873. 1892. 1864 and
1856. For Mazarin Bible. two volumes.
published in 1850 and 1855 he paid So 100
Unlike many great money makers. M
Morgan loves personal luxury He smokes
the finest cigars in the United States.
costing s1.25 apiece. An expert gathers the
tobacco in Cuba and anothe~ lis IN IN
specially for him in Havana. He also AZ
rreciates fine wines
Mr. Morgan does business at the corner
Of Wall and Broad streets. in the Drexel
Building. His leading facial character
istics are piercing gray eye. Jaw Ike
4 steel trap and a rather large nose He
is fairly tall and strongly built.
He Is more accessible than some great
CAPITALISTS. but If the man @ho gets 10
hin has nothing important 70 saw he re-
ceives short shrift.
There Is a curious tradition that the
great capitalist Is descended rom Nor
gan the buccaneer. and that he $ rath-
er proud Of It.
Mr.. Morgan was born n hartford.
Conn, on April =. 1857. the son OF Juuius
Spencer Morgan. He went % the Eng
lish High School in Boston. and "a the
University Of GottinEen. His father had
progressed from farm boy - banker The
elder Morgan went 20 London and be
came a partner Of George Peabody, the
American banker. who had great bust
ness there This in time became !. s
MorEan 8 Co
J. Pie-pont Morgan was already , r,ch
man when his father died, leaving him
sia ooaoeo in the houses o J, :. Morgan
* Co. Of London ard D5exel. Morgan