Waterbury evening Democrat., 1904-01-07
GREAT TRAGEDY OF 1 9O3
kpIlapse of J. Pierpont Morgan's
 Prestige as Trust Builder.
|. D. RooKErELLER HIS NEMESIS.

Dns Yeax Ago, at the Zenith of Ills ,Rovvex, Morgan Was Regarded aa .4he Marvel of the Age, Heart, Soul and Body of the New Finance xyVh4ch Was tO Control the Worlds sIndustries-IThou FinancialIy
 Ruined by His Enterprises.
 Eo event of the year equals in genu- dne importance the downfall of John Pierpont Morgan from the most power ful position ever attained by private citizen of the United States or any other country-a position he occupied year ago, when he was at the zenith of his career as a buildera of trusts world wide in their operation, says the New York World. The downfall Of Charles M. schwab, of much lesser im- port, Is still 90 great that in itself 1t marks an epoch in the History of Amer dcan industrialism.
 And the part which John D. Rocke- ifelier has played in the tragedy of Morgan and schwab, when all of its "details become fully Known, promises &O mark the crowning achievement of q career that has never been blocked in any of itz wide reaching ramiications by the genius or power of any man or set of men.
 Z Enough is known of what MT. Rocke- keller his done to make it plain that xhe collapse of MT. Morgan's colossal 0ower and prestige was necessary to a Eealixation os Mr. Rockefellers ambi- H1on. Whether the downfall of MT. mcrgan was planned and brought About by careful nanipulations, such hs MT. Rockefeller employed thirty years ago to destroy rival oil refners nn Cleveland, or whether 8 train of cir eumstances, unfortunate to MT. Morgan, but inevitable under the laws of fdnance, after all, were simply seized Wpon as means to gain an important Fnd is not quite clear yet.
 Al year ago MT. Morgan was regarded Ehot only In the United States, but in GTeat Britain, France, Germany, Aus |fr1n, Russia and in every corner of the svorld where men of commerce gath kred, as the real fount, of business wis., 6om. He was genius, the like of (which the world had never before pro- kNuced or seen. He had the magic fac Eulfy of extracting millions in profits rom things that had escaped the at &antion of tho wise financiers of all the IprevIous generations and centuries. All that ne had to say to the great capital fsts and investors of the world was:
 ssThis thing is good. You can come Into it," and without question or in Testigation, so complete was their re liance upon the wisdom of the Ameri- can king of finance, they outbid one another for chance to pour their mil. Hons into the enterprise.
 A year ago the newspapers of the United States and Europe referred to Mr. Morgan in this wise:
 He is greater power in Europe than many of its kings.
 He has completely eclipsed the Roths- chiIds,
 His name is a talisman with which to Eonjure not millions, but billions.
 He yields more power over more people than the czar of Russia.
 He is sought by emperors and kings.
 The greatest fnancfer in all history.
 He has more influence than the presi- Hent of the United States.
 The most important one man in the hWorld today.
 He controls more capital than any other man in the universe.
 Tn a single business day he could fill a subscription for $500 00O. 900 for any enter prise he would indorse and would not be asked even to explain it.
 Contrast these opinions of year ago nf MT. Morgan with those expressed to- day, and some comprehension of his mighty fall from an unheard of f1nan- cial eminence can be had. Not long ago cablegram from London stated that Morgan's name was anathema among uae English dnanciers and investors