Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1901-05-09

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: brought about a settlement of threat
Z ened labor troubles, to the satisfaction
r OF all parties interested.
Millions are as dice in his hands
: The stock markets respond to his
/; every pulse-beat. Every thought that
fits through his brain makes men
richer or poorer, as investment and
speculation are influenced. So widely
appreciated is the value of this man to
the financial world that his life is
insured by investors in America and
Europe, as a safeguard against losses
that might be sustained by his demise.
His serious illness would ''bearn the
market many points and might cause
panic.
There have been other financiers Of
renown, but none like Morgan. Men
have come upon the stage and played
the game of selfish speculation success
fully, but Morgan has introduced a
new game, OF which he is the sole
master He is the prince of organizers.
This is the age of combination, and
Morgan is the prophet OF the age.
The hour is ripe for ending the old
system of close and deadly compe-
tition, and bringing about the new /
conditions of assimilation and unity. |
Combination and monopoly are here,
and nothing can Danish them or
prevent their march into new fields.
Moreover, they are being accepted
generally as new stages in the progress
of natural evolution, instead Of
artificial creatures, fraught with the
grayest OF dangers to the public veal
Mr.. Morgan is simply the man of the
hour. That he lacks not in capacity,
is apparent from the complete conf
dence he commands. II has but to be
rumored that j. Pierpont Morgan is
interested in a certain venture, to send !
its securities soaring. lie is considered
the wisest and safest man OF the Z
period ~ essentially an industrial
period
We do not fully appreciate the
Importance OF the present era. Great !
and far-reaching changes are in /
progress. Streams are taking unto !
new courses. "Old things v
are passed away Behold, all things y
have become new This is the turn n
ing point for America. Our first :,
century and a quarter were devoted to
a solid foundation, which was +
well and truly done. Our efforts were t
put forth toward the creation and r
adjustment of a government that
should move smoothly in all its parts
ioward the reclaimlng of our vast >
domain from the wilderness, the wild
BEAST and the savage; toward the i
discovery and exploitation of our :,
wealth in soil and mine toward the
construction OF systems Of trans s
and communication that
hould knit the great industrial body
ogether; in short, our past has been o.
he infancy and childhood of giant :,
tting himself for the limitless future.
very sign indicates that now America NJ
as reached the stage OF mature man
God, and is TO take place among the ~
'reat nations of the earth, 70
We have in the past been debtor
alton, borrowing from the richer III
copies of Europe. Now, we have nj
aid our debts and. in turn, are able
0 loan to our former creditors. This a.
leans much. Instead OF being
rained to meet interest charges, we W
lay enjoy the novelty and the w
dvantage of clipping European q
oupons. Our surplus products will w
o longer 90 to enrich the money 20
'nders of Great Britain and the tn
ointment, but to add their values to
ur surplus, year by year. We have I'll
ecome an exporting, instead of an
nporting people, In nearly all lines. I 1n
large balance of trade stands TO our ,
redit every year, which means the pr
lme as it does to the individual whose TO
lcome exceeds his outgo. Politically, ri,
he United States has expanded TO the IL.
lores of Asia. There is not note of A.
istress or warning in the present. co
merica is ready to make use OF the m
rength of bone and sinew that has IA
cen instilled by the varied experiences We
youth-to cope with the decadent pa
iembers of the older family.
And now comes a master mind. Rai
1mpetent to grid the young giant for
le fray-a trainer to the athlete. He sss'
is who can organize the forces of 70
merican industry and throw them ",
Ito the battle of nations where they