Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1901-03-29
WALL STREETS AGAMEMNON.

In the last issue of Success, John Paul
Babcock has an article on j. Pierp ont
Morgan. just now the central figure in
the financial world. and gives him a
title that is likely to stick to him the
balance of his days. He indicates. too,
the secret of Mr.. Morgans success
which is simply power of concentration,
and throws many side lights on a char
acter usually considered the personifl-
cation of austerity. Mr.. Babcack saws.
In great things. he is the greatest, the
most tremendous and forceful mind Of
the day. How has it become so? Process
tando ct perstando. Concentration has
matured and enlarged great capacities
until the difficult problems With which
they have dealt continuously for nearly
half century have become simple and
obvious. The essential force of facts.
the folly of evasion, the Importance of
looking at the truth. however forbiddins
ITS aspect, have been ingrained in the
man. To tl,if1ers, and incompetents, AMI
plunderers, such personality connot be
tolerated, IN the very nature of things.
Get out.' IS the sentence of expulsion
from the long, many Widowed Office,
trance to the New York Stock Exchanges,
where the Agamemnon of Wall street
sits, an embodiment of nervous and Of
muscular energy, from eleven till four.
sometimes, from twelve to half-p past
four on other days, and not at all on
still other days. It lis not essential to
govern from the throne.
Rarely absent, however, is Mr.. Morgan
from DR.. Rainsford's c,Lrch He is a
warm admirer and friend of that manly
clergyman. The Tracy Memorial builS-
ing is but one of the many gifts by the
Morgans to the parish. The whole FAM
lily, who are devoted to it's head show
bent in that direction. Mrs. Morgan
| Is prominent in the affairs OF the VIM.
fred Day Nursery of the East Side
House Settlement, and in other similar
charities. The daughters follow in the
same paths. J. p Morgan, Jr., known
to his friends as Jack" ana now a
partner in the London house, is gov
ernor at st. Luke's Hospital.
Jack" said one OF his fathers Wan
street friends, lis chip off the Did
block. When he was a clerk under his
| father st number twenty three Wall
street, the old man worked HIM early
and late, never sparing him."
1t was because he showed no mercy
to another clerk in the house that Mr..
| Morgan has been severely criticised.
The young man mailed letter one night
to his employer; the next morning he
did not appear to work, but the letter
explained everything. He had taken
money from the drawer until he could
no longer hope to escape detection. All
he could do, he said, was to confess his
! fault and make such restitution as might
| be. Mr.. Morgans answer to this not >
was to send two central office detectives
to the young mans house, to arrest and
conduct him to the Tombs. The amount
involved was small but the crime was
swiftly punished.
But there was sequel. Justice once
satisfied, the example set, precedent es-
| tablished, mercy was not forgotten.
There is no more affectionate admirer
of Mr.. Morgan today than B. Ms,
no more grateful friends than his par
, ents. The facts upon which these fee.-
ngs are based do honor alike to them
: and to Mr.. Morgan. 1t is to persons try
ing to pry into just such facts that the
invitation to "get cut" is extended in
no uncertain tones Nobody who talks
With Mr.. Morgan ever had any doubt
at all of what he meant. Precision an j
diractness of speech are his way Sue
cess in life lies in that direction, also.
Railroads. which helped save the
union in 1875. and have extended anG
enriched the union ever since, putting
gardens in waste places. grain crops or
!. praires, sawmills in mountain gorges
markets in touch with consumers
money into the pockets of investors
employment into the homes of million
, of citizens these railroads, which
carry the mail and all the blessing
. of civilization into the remotest wilder
nesses, and bind the body polite int
:, one glorious union by bonds of steel, ar
: the most potent forces for good in ou
country when WORKING tremendously flo
: the common veal. They threaten vita
, disaster when disorganized, at war vii
! each other, and with the general wei
fare. 1t has been Mr.. Morgan's PROVING
70 make them work in harmony,-to Gre
ate dividends rather than to cut rate: