The San Francisco call., 1901-10-02
SKETCH OE THE GREAT BANKER
Continued From Page One.

period of twenty-one years. he has been in
his place as delegate and performed most
valuable service on the committees to
which he has been appointed.
Always a regular attendant at the ses-
Slons of the convention, an attentive lis
tener and taking a keen interest in the
proceedings, yet his voice is seldom heard
on the floor When 1t is, whether speak
ing 10 the question or making commit
tee report, there is never any doubt as TO
his meaning.
Never taxing upon himself the proper
duty of the others, his purse ever opens
to supplement their efforts, or to bridge
over an emergency when the need comes.
Yet with it all, in this one field of ac-
ton Mr.. Morgan performs his duty and
pleasure (fOr such duty is to him) without
cumstance and surroundings he does in
the business world.
1t Is the same in the vestry meetings at
St. Georges where Mr. Morgan is senior
warden of the church, and where as such
he can be seen at the Sunday service
passing the plate for offerings of the con-
gregation, always adding a Comparatively
liberal contribution, if not the scriptur-
ally enjoined 1.-THE.
Nv Mitn n his MS pastor ReT, " s; Rainsf9rd; ISs1
quite young man, Mr.. Morgan has al
ways been on the most intimate terms
and given him the most hearty support
and cooperation in his work for the tenn
poral and spiritual betterment of the peo-
pie within reach.
Besides a new parish house for st.
Georges. which Mr.. Morgan erected at
a cost of $500 900, the New York Trade
School. which he established a a cost of
$500 900; the new Lying-in Hospital, to
which he gave S1.35O0O the Loomis Con-
$500 900 to the Young Mems Christian As
sociation, 81 100000 to Harvard University,
$l25.G00 for the preservation of the Pail
sades of the Hudson. 100000 to library
for Holyoke, Mass, where his father was
born. and other gifts too numerous for
year considerably over 100000 to the reg
ular church work and individual charities
of New York and the vicinity.
Inherits a Practical Nature.
Mr.. Morgan is a New Englander by birth
and ancestry. His mother, from whom he
gets his middle name, was Miss Juliet,
daughter of the Rev. John Pierpont the
author of the stirring little poem on the
appeal supposed to have been made by
Warren to mis- men at the battle of Bunker
Hill, which begins stand! The ground S
your own, my braves. Mr. Morgan inher-
tied something of his grandfather's poet,
ical nature, and in his youth did several
things in verse, to which, however, he
does not claim 10 owe much of his pres
ent fame.
back to 1886, when Miles Morgan, the
first OF the line on this side of the water
landed on New England soil and with
few others founded the town of Spring
Joseph Morgan, Mr.. Morgan's grand
father, took part in the Revolution. AS
farmer and tavern-keeper at Hartford he
fortune His lands occupied a large part
of Asylum Hill and in time became quite
valuable. This property was left to his
father. who by energy and natural apti
tude for business, first as a dry goods
merchant and then as the associate of
George Peabody, the great banker, null
tinliad n millions q ND laid nf tho
foundation for the vast fortune that has
been gathered by his son.
John Plerpont Morgan was born in
Hartford, Conn, where he attended school
until he was IA, when his father moved
to Boston. There he became a student at
the celebrated English High School and
on his graduation therefrom at the age
of Is spent two years at the University
of Gotungen, Germany.
At the age of Il he entered the banking
York.
From the outset of his career Mr.. Nor
gan paid especial attention to the foreign
exchange" department of the banking
business, and having in time thoroughly
mastered it was in a position of advant-
age in securing a large share Of the
enormous business in that line necessi-
port and export trade.
In 1850 John Pierpont Morgan became
& Co., London; four years later he organ
lied the firm Of Dabney, Morgan & Co..
and in 1871 became connected with the
wealthy DreXels of Philadelphia in the
firm Of Drexel, Morgan e. Co.
Mr.. Morgan's father died in 1890, leav-
ing him a fortune of some $40, 900 900 and
the sole control of the London house of
j. s. Morgan & Co. and the Paris house
Of Morgan, Harjes & Co., with all their
worldwide connections.
In 1895 the firm of Drexel. Morgan & Co
became J. P. Morgan & Co, which is j.
Pierpont Morgan and eleven others whol
he has associated with him, not for their
financial strength, but for their assistance
as lieutenants in handling the vast
amount of business that has been drawn
to the house, which now, though private
concern, is one of the most powerful
financial factors in the business of the
world.
AnUERTTSFME VENTS