Barre evening telegram. (Barre, Vt.) 1898-19??, 1902-09-10
MoRcAN's GREAT firm
Vast Power Welded by the
Financier and His Partners.
BILLIONS IN THEIR ENTERPRISES

Famous House Ii Interested In y.r,.
Gus Ways In = Great Many of Tn.
Leading American Properties, the
Capital of Which Reaches the SIN.
pendous Total of $0,44s. 800, 200.
When ]. Pierpont Morgan was a Still
dent at Heidelberg university, he de-
veloped such an extraordinary aptitude
for mathematics that he was offered q
professorship in that science at the
time OF his graduation, says the New
York World. His father wanted him
to continue the fortunes of the great
banking house, and the cap and gown
host shining light. 1t Is told that
short time after Morgan had left col
lege friend met his father and asked
how the boy was getting on.
why, that boy will break the whole
world one Of these days." replied the
elder Morgan.
In the unpretentious corner Office at
% Wall street, New York. where the
firm of J. P. Morgan & Co. sits In con-
troll of the finances of many of this
eountry's industries, the extravagant
prediction Of the elder Morgan is never
thought Of The whole world already
looks to that Office for its cue when
ever any transaction involving millions
whether 1t be war or coal strike,
an amalgamation of steamship and
railroad lines or the financing Of
bankrupt kingdom-is up for discus
sion.
There are twelve partners in the
arm, and eleven of them look after de-
tails Of the various great schemes
which have given to the language a
new word, "Morganizing." There is
only one Morgan on whose life Eng
hsh investors and spectators take out
Insurance policies paying 8 per cent
premium.
The amount of capital under control
from the Office at Broad and Wall
streets is perhaps greater than the to-
tai amount Of gold coin in the world
1t represents such wealth and power
az never before were centralized in the
hands of one man.
Seven of the twelve partners in the
firm of J. r. Morgan & Co. are men,
bers of the board of directors Of one
or more Of the great corporations and
trusts which mark this era of central
ICED capital. The mere list Of these
companies In whose affairs no move
can be made without consultation at
20 Wall street inspires the Difference
due from dollar to million dollars.
But there are vast combinations of
capital, unions of powerful corpora
tons whose affairs are being handled
by j. P. Morgan & Co.. in whose d-
rectorate no member Of the firm ever
sits They are known as Morgan com.
panies.
The members of the firm of j. L.
Morgan & Co. are his son, j. p. Nor
gan. Jr.; George c. Thomas. Edward
F. Whitney, James W. Paul. Jr.; Ed
ward II. Robinson, Edward r. Stotes-
bury, Robert Bacon, Temple Bowdoin
William Pierson Hamilton, Charles
Steele, George w. Perkins and j. Pier
pont Morgan.
According to the public records, no
one of the first FIVE named sits as di
rector in any corporations Temple
Bowdoin is named as director only in
the Chicago, indianapolis and Louis
vile railroad and the South Carolina
and Georgia Railroad company, but
George S. Bowdoin, whose office also
Is at % Wall street, has an active hand
In the direction Of a dozen great cor
porations as a member of the boards of
directors.
William Pierson Hamilton, another
partner. appears in the financial direct
cries only as director or trustee IN
three comprehensive National Tube.
the North British and Mercantile In
surance company of London and Edin-
burgh and the North British and Mer-
camille Insurance company of New
York.
Even George w. Perkins, to whom
the detail Of the great coal strike was
referred by Mr.. Morgan when bishop
Potter preached the subject of set
Element on their recent trip across the
Atlantic together, is named as ul
rector in only four companies. But the
remaining partners could spend their
entire time attending directors meet
ings had they no more important use
for their business hours
Morgan & Co. are Interested dlreclE
or indirectly in great many Oh llie
leading concerns OF the country Inc
total capitalization of such properties
Is estimated at $6,4lS.5oo.WW. BESIDES
this vast sum, other great acculhula
tons look small The gold com ana
gold certificates in the United states
treasury only amount to about 5000 {
600. 600. and vet this is unprecedented.
All the gold coined and uncolneu IA
the whole world is estimated at W. {
S41, 100000.
The total number of human beings III
the world is estimated at l,32o'ooo'ooo !
The public debt of the United States
on June 80, 1900, was $l,107, Lot
The entire revenue of the forly-thrce