Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1901-08-09
J. PIERPoNT MORGAN.
The Man Whom All the World is
Talking About.

Talking About.
At this moment the most important
man in the world, as far as the pub
lie eye can discern him, is j. Pierpont
Morgan, of New York city.
The might of no other man can be
compared with his. In the industrial
world he looms up, as the organizer Of
the United States steel corporation,
the largest business combination on
the globe, with a capital exceeding the
united capital of the New York Central
and Hudson river, the Pennsylvania,
the Baltimore and Ohio, the Delaware,
Lackawana and Western, and the Erie
railroads, and with more employees
than all these corporations put to-
gether. 1t is the twentieth-century
marvel. Men speak of it as the bill
ion dollar trust" but they fail to under
stand its greatness. An army of
nearly a million persons is on it's pay
rolls. 1t is so great in its infancy
that the giant must continue to grow
or be regarded as failure. Dazzling
now, in twenty years it may be nee
essary to coin new terms to describe
it's unparalleled magnitude.
Mr. Morgan is now in his siXty-fifth
year and in perfect health. He was
born at Hartford, Conn, April 18th,
1887. The Pierpont in his name
comes from his maternal grandfather,
the Rev. John Pierpont, who was for
some years a minister of the Unita-
rian society at Troy, N. Y, was also a
noted abolitionist, and wrote pathetic
verses that still linger in the mem
cries of elderly people.
Mr.. Morgan began his business ca
reer when he was twenty-one years
of age in his millionaire fathers bank
ing-house, and is one of the few sons
of very rich men who have made their
own careers. George Gould and W.
X. Vanderbilt are two others. For
more than forty years he has been a
student of the mysteries of finance.
No man has worked harder. No man
likes hard work better. 1t has been
said of him that he has not the money
making instinct, but is possessed of
the fascination for the game of mas
tering men and money-the game
which has lured so many to destruc-
ton, and which holds them under
it's spell until they are altogether un-
done. Mr.. Morgan has studied it
deeper and with more assiduity than
others. He makes his moves with the
ease of experience and the conscious
ness of power
The story of ]. Pierpont Morgan's
business career is crowded with Incl
dents. He has never been a wrecker
nor a depreciator of values. Never
has he been known to endeavor to
force down the market value of any
property which he was seeking to pur-
chase. Time after time he has taken
railroads that have been wrecked by
the incompetence or misfortunes of
others and placed them on a firm and
sure foundation. This, indeed has
been his speciality. There are tens of
thousands of investors who would
have lost all they had put into railway
shares and bonds If it had not been
for the wisdom and conservatism of
j. Pierpont Morgan, in the work of
reorganization, reconstruction, and re-
Mobilization.
The world marvels at what he has
done, and while it marvels it wonders
what the end will be. The industrial
combinations that he has made, as
well as his gigantic program for rail
road community of interest. are eXper-
iments that were daring in their con-
ception. If they fail, the results will
be frightfully disastrous. If they
succeed, j. Pierpont Morgan will be
regarded everywhere as the greatest
leader of a new school of practical
finance. Apparently through indus
try and application he has made new
lexicon in which there is no such
word as fail.-[Leslie's Weekly.