The Birmingham age-herald., 1907-11-17

trust or two before breakfast by way of stimulating his appetite and counted that day lost in which some great mer- ger of trusts, worldwide in its scope and influence, was not announced to an eX- pectant public. So it continued until the reeeding wave of business in 1903 left some of the mergers-even the Mor- gan mergers-high and dry.
 The Morgan Colossus of 1907 is pie tured as carrying the nations banks across the troubled waters of shaken confidence It is service that has attracted perhaps, not quite as wide spread comment as that of half a dozen years ago, but what has been said in this country and abroad is cal culated to be a good deal more gratify- ing than the comment of the former time. And there is no one oisposed to begrudge J. r. Morgan any part of the satisfaction that he may feel in hay ing this tribute crown his seventy-frst year.
 The more intimate picture of the Morgan that Wall street has known in the last few w6eks is that of man controlling what seemed to be an eN- haustless supply of wealth. which he poured forth at will into the banks, into the money market, into the stock market-wherever a need and proper object turned up in combination. Some times a syndicate was thrown together in a half hour for a twenty-five million dollar money pool, as in the case we have referred to; sometimes "rhe Old Man. himself appeared to turn on the golden stream. But always it was Mor- gan behind the situation. moving the pieces on the financial chess board at will, whether they were kings or pawns
 oil t1na fNfa1 aid from Morgan sources must be estimates in the absence of such details as Wall street never vouchsafes ta-the inquisitive public But when one adds to the 2O,- 000000 put into the trust company of America the Morgan share in the s25,- GOO GOO money pool and the $70G,O0O money pool that preceded it, and several mil lions more for the Lincoln Trust and few millions for personal assistance such as he has always given in time of panic, to say nothing of the investment repre- sented by the support given to the stock market in the days when things looked blackest, and a total of $5o,0OOOvO would not seem limit out of reason.
 Yet for a fair understanding of the things that have been done, one must bear in mind that the control of so great an amount of ready money has given to J, P Morgan the greatest investment op- portunity of a generation, as well as the opportunity of bringing the American financial world through one of the great crises in it's history.
 Wehn Oklahoma entered the Union yes terday the democratic party gained a state The election in September at which the states first governor and United States senators were chosen' showed a democratic plurality of about 3O,o00. And oddly enough, the democrats
 .,-I.. oil .ssa1lf | ists. The majority for prohibition was about as strong as the majority for democracy.
 oklahoma" is a Comanche Indian word, signifying the Land of the Fair God" And it would seem that the gods have dealt more than fairly with this state which eighteen years ago was vast cattle range and Indian hunting ground The first rush into Oklahoma was on Monday. April %, 1899. On the morning of that day Oklahoma City consisted of half dozen small build ings. That evening 1t had popula- ton of 5000. Now 1t claims 45O0. It has buildings aggregating in value $l5,- O0oO00, banks with capital and surplus of $l ,060, ,S34 and deposits of $6549,OOO; factories employing 2347 hands, jobbng houses with 1176 employees. and railroads which last year carried in and out of the city 1,22S, ,902 tons of freight.
 Oklahoma produces simultaneously the farm products that grow in all the states of the union.
 It contains within it's borders vast quantities of coal, natural gas, oil, salt asphalt, granite, marble, building stone, zinc lead, copper, gold and timber. It has 25O000 farms, most Of them worked by their owners, who live upon the land they homesteaded.
 Ii has more than 12,000 manufactur- ing plants, representing investments ag- gregating $25.000000 and given employ ment to 10000 wage earners.
 Every state in the union is repre- sented. westerners, northerners, south erners and customers, fraternizing with each other and with the natives and the aliens.
 There are two dozen cities of over 10000 population
 The public school system Is supported from a state fund of $350oO,Ooo aug mented by local taxation. There are state university, an agricultural and me chanical college, colored university an Indian school, and three normal schools, in addition to the primary and grammar schools.
 A color line is drawn on negroes in Oklahoma, separate schools being pro- vided for negro children, but with the same accommodations as the schools for white children. Education Is compul- sorry.
 It is estimated that this season America will send at least $6000,000 to Europe as a token of her appreciation of musical art The estimate is conservative and probably too low. The singers of the two New York opera companies alone will return to Europe next spring with sl,250000 in their pockets. The concert singers pianists and violinists, excluding Paderewsk and Kubelik, will carry away another $500,000. The royalties paid to foreigners for operas and sheet music and the money spent for music by Amer jeans in Europe means $5o0000 more. The S6 GOO 900 tribute to musical art, too, is duite independent of the hundreds of thousands of dollars paid by Americans for musical comedies and popular songs and to their native musicians, compos- CTS. and publishers. The Americans studying music in Europe are spending another S3,000000 year.
 The foreign artists to whom we pay so much of our money leave very little of it behind. The great ones in the musical world sail for America on the very last liner they can take to bring them here in time for their engagement; they usually go back opethe first steam CT sailing after their seasons close. They put their theatrical wardrobes and their
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