The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-08-25

Sir. J. Pierpont Morgan has come home
again.
For the past three months the American
&apoeon Of Finance has visited the capt
tails OF Europe, dining with emperors and
kings, holding consultations with the gen
erals Of Industry abroad planning com
tines and mergers according to his wont
anG exciting earnest debate In the English
parliament and the German reichstas
In Europe Mr. Morgan is regarded as
more or less bosie man.
Ia America he is something OF a sphinx.
What is 10 be made Of this Morgan, the
Enightiest OF magnates, who tas added the
new word, "Morganlze," formed Of his
name, TO the language, who IS the head OF
the United States steei corporation, the
greatest corporation in the world. who con
trolls many rdiroscs on land and now has
attempted With his North Atlantic ship
combine 10 4dd the sea 70 his domain
There are other mlllonaires who are
richer than Mr. Morgan. but not one who
can approach Kim in the magnitude Of lis
business enterprises, in the engineering Of
colossal combinations, for which the rich
men Of the world lend hin money absolute
~ without restriction, swinging back the
doors Of their bank and safety deposit
vaults at the first syllable of his open
sesame
What does this necromancer NJ numis-
natcs, this eoniurer Of capital this thau
p.aturF,st Of treasure, this magician OF
millions mean 20 do? what Us TO be the cEd
of his combinations md corners hts plot
ting and contemplating and his mergers
and "rloreaulzations"7
Ii vas William, the German emperor, the
head Of the louse az HohenzonerG, win
hereditary insight and hroadness Of outlooA,
who put his finger apon Mr.. MoFeau $
weakness Said the kaiser 10 NJ. Waldrc6
Rousseau, the greatest statesman Of Franco
tfor these European higwigs put lhcir heads
together In consultation concerning tn.
American pern'D, '-Ntr. Morgan LACKS pail
osophy."
II seems IN Irrelevant Indictment at first
Examined closer the kalser's dictum 81
found To Re full n Tcutonic depth WIZ
all an educated Germans thorouchness tht
emperor has gone straight TO the root Of
the mater. Mr.. Morgan lacks Philosophy
and has no definite plans. He engages II
his money machInations for the mare
pleasure OF tie game. He lacks philosophy
and docs not perceive the menace OF soclal
Ism imminent in Europe, as the kaso
says, and likely to be transplanted to thl
country, in which already some seeds hav
been sown whlch Mr.. Morgan Is uncoJ
Bciousy Watering. Mr.. Morgan lacks phi
osophy, and docs not perceive that his OF
erations, more than those Of any othc
man, have reused the American people upo
the trust question and have made ii tn
most pressing political and economic quei
ton IN this country at the present day.
Mr. Morgan lacks philosophy. 1a see
clearly but in limited circle Money an
how to make II he understands and love
the excitement Of successfully maneuve
Ing for millions But he lacks phIlosoph
AMI does not realize the consequences
many sorts likely to follow his doings.
This Napoleon Of Finance has not reH
history and Knows nothing of Waterlo
Samson pushed too hard against the pilia,
Of the temple Of the PhIlistiues ~
brough. 1t down upon his own head,
did 1T on purpose, hut the same result W
follow II our gigantic hnancIer presses I
hard against the pillars of the industri
structure Of America,