Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-05-10

ulp@
:. mo published articles on the SUD
|of the formation OF the Steel trust
~ IopsyllIe & Nashville transaction
~s s,eamshlp combination and many
W. g4intic enterprises which have
VD', ..s,od the financialworl in the last
. months the name of George W.
n,,slps Of the banking firm OF j. r.
a,o,gan 3 Co., figures conspicuously'
d, onlv natural that people In all
.,. If The country should ask, who
,bis banker, Perkins, Many OF
l.,, oill be surprised to know that he
~, heen in the banking business less
,,on year. and that he Is one OF the
'aton,s OF wall street. George W. Per-
Bin. l. not one of those prominent nm
..o,ers who made money In dry goods,
aS,b Inc uedlers pack, In railroads or
M sn operations, and then went into
Van street" to round on a business
career H. did not aspire to the glories
vhich come 10 the great manlpulators
" stocks and securities, and had no
s,,bition m the direction OF leadership
q, ny army or bulls and bears. lie did
~ ,nvodp the financial district and lay
10 m established strongholds, but
rh1e working in his chosen calling
Vol street came to him. 1t came to
Kim IN the person OF j. Plerpont Nor
son who mad watched the career of the
SoWng man, who by his energy, knowl-
sdeo of men and affairs and MS
,horouphnpss had won his way In
large business concern from office boy
1R place Of highest responsibility. He
was second vice president OF the New
York Life Insurance company when ne
was invited TO become a member or
me firm Of ]. r. Morgan 4 Co., but
Despite the great opportunities and me
Slgh standing In the financial world
which naturally attach to such an ALI
snce the offer was declined. Mr.. Per-
yns prefe.red 10 remain In the COM
pany In which he had served as ONCE
boy 25 years before AS bookkeeper,
cashier, solicitor and director OF agen-
cles IN various places he had become
an important part of the company, and
when John A. Mccall became president,
IN 1892. he had the office OF third vice
president created In order that Mr.,
Perkins who was then stationed at
Chicago in responsible place, might
become member of his staff AS third
vice president he worked as industri-
ously as he aid at Cleveland, Denver or
Chicago IN lower places, and attracted
no attention in the financial world until
1897, when he negotiated Russian loan
Of so 900 OOO the first foreign loan ever
negotiated In this country
When the restrictive measures adopt
ed by the German government jeopar-
died the American insurance business
IN the German empire a controversy
arose which ended disastrously to the
American. interests. American COM
panies with large German clientage
were forced TO give up the lucrative
foreign business unless negotiations
could be reopened In the emergency
Mr. Perkins was selected to go TO
Europe. His mission was successful. 1t
resulted in the visit to the United
States OF a distinguished commission,
which reported In favor OF the company
70 re-entar and do business In Germany.
This was a diplomatic as we'll as a
business triumph which brought the
young vice president into the public |
eye, and when later he financed the s2O,-
100000 German loan Mr.. Morgan |
thought he saw in him sound Wall
street timber
me German incident brought Mr.. |
Perkins to the notice OF Prest. McKln-