Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1902-10-02
A MEDIAEvAL MORGAN.
The Great Fusger Grew Rich by Slow
Toll and Saving.

ioh dno saving.
The American citizen most talked
about in the world is a phase that
must be recognized instantly as peril
nent to ]. Pierpont Morgan. The
vogue of that fnancier has become in
ternational. His name has even been
made to contribute verb to the Eng
lish vocabulary, since Ito Morganize"
has become in financial vernacular the
synonym of vast combinations of cap
ital for the control of transportation
by land and by sea- This American
financier presents costly tapestries to
adorn the coronation of Edward Vii.
in Westminster Abbey; and on an
other day he hob-nobs with Emperor
William of Germany ON the imperial
yacht in the harbor of Kiel During
his summer cruise in the Mediterran-
can his Corsair may make amicable
capture as his guests of many another
crowned head. But after all Antonius
Fugger, was the plebian name that
became ennobled because of this sin
gular union of industry, economy, lib.
crafty and breadth of view. Antonius
and his brother, RAYMOND, extended
their commercial relations far beyond
Germany, even, it is recorded, ito all
parts of the civilized world" 1t was
in 1880 when the great monarch
Charles V. was splendidly entertained
at the house of Antonius Fugger, in
the Newmarket of Augsburg. Tradi.
ton says that the hospitable financfer
astonished the emperor by using an
imperial bond, due to him, as a taper
for lighting fire of cinnamon. 1t may
be conjectured that the flaming parch.
ment gave forth incense even more
agreeable to the nostrils than the per.
fume of the fragrant wood that it
served to kindle.
| Another financial anecdote relating
| to this medieval financier Is that
| Charles ", when the accounts OF the
| treasury of France were exhibited to
him, remarked: There is linen
weaver in Augsburg who could pay all
| L,
it is recorded in history that Charles
V. made over to these brothers the
mortgaged estates of Kirchberg and
| Weissenhorn, created them counts and
invested them with the privileges of
princely rank. They loaned the en-
peror money to defray the cost of an
| expedition against the pirates of AL
| giers in 1885; and in return he grant
ed them the privilege of issuing a gold
and silver coinage of their own. 1t
does not appear what ratio these pri.
vate fianciers maintained in regulating
their bimetallic exercise of a great
public franchise. usually regarded as
an exclusive right of sovereignty. But
the brothers must literally have
coined money" for the estate of An
tonius, when he died, in 1860. included
100000 gold crowns, besides vast
amount of property of various kinds in
Europe, Asia and America.
The fact suggests the contrast that
the modern Midas of America not only
has vast holdings in his own country,
but has invaded with his investments
the oldest lands of the earth The
fortunes of the two lines of this fam
lily have since continued to be part
of the social and political history of
Germany. If he choose, Mr.. Morgan
might add to his art collection a Sc
ries of portraits Of the chief represen-
| tatives of the Fugger race, engraved
| at Antwerp in 1893.
| It is interesting TO know that this
family rose to financial and political
power only after several generations
of toiling and moiling. 4ney achieved
| these things more slowly in the mid
die ages; for the first of this line of
linen weavers, who died in 1909, left
fortune of only 5000 forms, But in
| cessant industry is characteristic of
the record of each succeeding genera
ton.
The public utterances of ]. Pierpont
Morgan indicates that that is the habit
of his own life, to which he attributes
his own success and which he woulu
inculcate in young American man.
hood.-New York Mail and Express.