The Idaho Springs siftings-news., 1907-02-16
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and riding have at various times en-
gagged his attention, his chief delight
is in yachting. In 1903, when he was
working in the London branch of his
fathers firm he returned to this coun-
try for few months chiefly to see the
international yacht races.
Jack" Morgan mas none of the bad
habits or frivolities that so often char
acterize the sons of the very wealthy.
He is exceedingly methodical, and
during the years when he worked as a
clerk in his fathers Office and lived in
New Rochelle, he caught the S:24
train to New York as regularly as
clockwork. Though he goes about in
| society a good deal to please his wife,
he cares but little for the pleasures
of the smart set" Even if he does
not prove as able as his father he is
certain to make as many friends, for
he lacks the brusque manner for
which the elder Morgan is SO noted,
and which has grown upon him with
years. Young Morgan is an affable
man and is far more democratic in his
manner than the organizer of the
Steel trust. Although he lived in
England for quite a time and is said
to have introduced the custom, SO un-
usual in this country but common
enough among English bankers, of
taking afternoon tea in business
hours, he is nevertheless considered
thoroughly American.
His devotion to the British bever-
age is shown in one of the best pic
lures of him extant, snapshot"
showing him getting into motor car
and carrying a heavy afternoon tea
basket.
Has Fathers Desk.
Within the last few weeks the
younger Morgan has occupied the desk
where for many years his father
worked, and besides which nearly
every important banker and railroad
president in the country has at some
| time stood and often trembled. The
training which the son has had in
order to fill this all important place
has been practical and thorough He
was graduated from Harvard iu 1889,
and soon entered his fathers office.
where he began at the bottom. both
I
He worked successfully as loan
clerk, bond clerk. corresponding clerk
and through other grades. He be-
| came junior partner in 1895. During
the period of his early training he
lived during the summers at New Ro-
chelle in a house close to the waters
edge Although fond Of yachting. it
is related that he would seldom take
day OFF to enter yacht race, and
on one occasion asked the managers
OF yacht club to postpone the race
from Wednesday to Saturday after
noon. so that he could be present.
Had Charge Of London House.
In 1901 the younger Morgan was
sent to London. where he was con
nected for four years with the house
of j. Spencer Morgan & Co. Toward
the latter part OF his stay there, espe-
cially after the death of one of the
older partners, he took entire charge
of the London house. About two
years ago he returned to this coun-
try and has since devoted his time to
the business Of the firm here. AS yet
he has become director in but few
OF the important companies in which
Morgan, ST., is interested, but this is
only a formality. and in time he is
expected to fill these many positions.
Nevertheless he has been q director
for several years in two of the most
important corporations with which
the Morgan firm is associated, the In
ternational Mercantile Marine COM
pany and the Northern Pacific rail-
way.
Young Morgan's New York horne is
at 229 Madison avenue. which prac-
tically adjoins the residence OF his
father 1t 219 Madison avenue. His