The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-09-30
erations Of the House Of Noted Financier

promised that the stock would pay an
annual dividend of per cent for fl1ree
years. AS a result of his efforts Cen
trail stock climbed rapidly to 1885, The
firm of DrexeI. Morgan & Co. was bene-
fited very materially by this traneas-
ton.
six years later Mr.. Morgan did the
vanderbilts a still greater service
From the moment of it's fnceptfc1 the
West Shore line had been . particu-
larry troublesome Thorn IN the flesh OF
the Central. It was completely under
the control Of hostile interests and
threatened to sap the vitality from the
parallel line on the east side Of. the
Hudson. The war waged between the
two rivals was incessant and seamed
to be leading to the extinction; ox the
West Shore and the permanent Grips
pling of it's rival. At this juncture HEr.
Morgan undertook the cure of existing
evils. After long and tireless nsgetIa-
ton the deal was accomplished ana fha
triumphant readjuster landed the West
Shore in the Vanderbilt camp. Soon
after the leasing of the West Si1sFe e
the Central in perpetuity dinner was
given in honor OF Mr.. Morgan by the
Central nagnates, and he was present.
ed with a massive dinner set OF solid
silver. The original dies from sshlch
the service was made were also given
to the recipient, thus assuring him that
there would never be a duplicate set
The record of Mr.. Rforgan's triuEnpka
of reorganization and consolidation W
to 1900, when the steel trust was
launched, is long and brilliant one
Railroads in all parts OF the country
and Industrial corporations of all kinds
that were ailing went to him for ex-
pert treatment. In 1885 he aeated the
big Union Pacific bond deal ana forced
Jay Gould to take huge block Of IL
He brought about. the rehabilitation Of
the Long Island railroad, enc OF the
most difficult jobs ever attempted by
any man. Another almost f1npossfb,s
task brought to successful accomplish
ment was that Of putting Reading an
its feet.
| Finally came his master stroka
which has been hailed by his enemiex
as his business Waterloo, the creafioH
of the steel trust. At the time he was
the strongest individual fnaacfcr Hv-
ing. The combinations which he had
fathered represented billions OF dollars
He was reputed to have the best in
| dividual credit of any man in the
world. He could have borrowed ali the.
| money Wall street had to loan without
an indorser He seemed to have pui
the moneyed interests of all countries
under hypnotic spell. He had mora
influence with investors than the ia
nous George Law ever exerted
When it became known that he was
forming the steel combination there
was mad scramble all over the world
| to obtain stock in it, Not one In q
hundred of these would be investors
knew the facts or cared to know them
it was sufficient that ]. Pierpont Nor
gan was at the helm.
From 1909 to 1903 Mr.. Morgan re-.
/ manned invincibie. He hobnobbed with
princes and reigning rnonarehs sought
the honor OF his acquaintance Then
matters began to take a turn Sons
of his latest creations proved to be dis
appointing notably the merchant ma
rine combination. the Northern Eecuri-
ties combination and even the steei
trust itself. For q year or so ths
name of the great reorganizef was
heard less frequently in the public mari
and discussed less diligently III the pub
lie press. More recently, however.
some of Mr.. Morgan's schemes have
manifested tendency to take new life
and it is not at all beyond probability
, that they may attain the consumFnation
that he predicts SO confidently and has
never for a moment ceased to expect.
Mr.. Morgan has been married twice
and has four children-three daughters
and one son. John Pierpont Morgan
. Jr., the second child.s now thirty-eighi
years of age. He is married and IL tht
father of four children, the eldest be-
ing a son, Junius Spencer Morgan
, aged thirteen. Young Mr.. Morgan Is
) the resident manager of the Loi1dor
? house of j. p. Morgan & Co. and has
shown a capacity for business which
| promises a bright future fer the sreai
banking house of which he is 1estinet
, to be the head.
i c. ]. HENDERSON.