New-York tribune., 1908-11-08
NFTGoRLC CAREER
OF CHAS. ". MORSE
orv uF SCARED And FELL
IN FIELD OF FINANCE.
IRE King, Master of American Ma
,,ns Head of Chain Of Banks,
Faces Is Years IN Prison.

=, - -er7a-kahle career in many ways than
=. ~ Charles W Morse in the history or
-, financial enterprises II would be hard
80 Beginning his course as Maine scnoot-
= ne became n succession ice KING. master
De' ..-,cs. marine and the controlling infu-
II 6 dozen important banks. Since the
$50 psnic Of last year he has been hnan-
- .r,of,ed in many ways. but managed to
-, 8 pa-t OF his fortune. only, however. to
= -,ss-ed IN g legal web by reason OF what
- sone contrary TO banking laws, the re-
-.,- being sentence Of fifteen years tmprison-
-. Incidentally. his private affairs figured
--.,-. the public IN detail by reason OF Efforts
:, sural his second marriage. one outcome OF
s,-h vras tie conviction ot well known d.
-vcrce lswyer-
EARLY AT WORK FOR HIMSELF.
r.a-,ss W Morse Is q little more than hfty
-.s-s cid. and comes OF g long line OF Down
rs. Yankee ancestry with all the shrevo-
,sss ot his race he early showed marked exec
rive and administrative ability. When only =
mere boy he began to earn money foT hlrnseA
~ selling candy on a Maine steamship line; out
his father and grandfather were Interested y
& towing business on the kennebec River ana
e. the age OF fifteen Charles W became
hookk4eper IN his fathers ONCE. he hao GIL
ambition for liberal education and hlreo one
of his youthful schoolmates TO do the Work Iot
r.Iuu for part OF the pay he received ana wiz
she resi- ne met his expenses al bo"ooll vi
aers- On holidays and IN vacation perloos n'
assisted in the bookkeeping and devoted MS at
.sn-io- u business affairs. Before ne reOeINeu
his degree he had formed partnership VIII
his cousin Harry 2. Morse. in the Ice business
an the Kennebec- buying the proouc' AIOHi 'e
@--,s which harvested # and shipping II to TINS
cs+v on coasting schooners, which nus Ia'iiei
.oved I'D the river. These vessels carried coa-
oil and other freight needed IN Maine anu "eio
glad 10 get return ca-goes OF Ice Later cne
7[oss secured interests IN vessels and IN ship
.,.,,s,-., -s-ss n Bath and employed the ves-
sAls =, carrying ice 10 New York and lurnOeT
e-Or the South back 70 Maine II Inls way A--
errensive business was built up
GOT NEEDED REFERENCE.
On one q young Mo1se's first visits 10 Inls
rs-v- While he was still undergraduate ana N
,-.s teens he made q contract with brewer 10
- g. .,-,,sa3d +ons Of ice. His customer
Esve him IS 3 reference bank which ne 1ouno
-,-lo,zss - The brewer, who also owned TWO
vs-~s h-exe-ies. When he went back 10 the
brewer the latter said:
you'd better give ne 8 reference, for DON'T
know you"
The youthful fnancie- had 70 confess that he
knew nc ooe II New York but he told his Gus
toner that = he would telegraph to his father ne
would lean al about him This vas done, and
ehe reply came:
Don't know where Charlie is or what he Is
icing bI,t zrfu back him n anything he does"
The conhdence he inspired IN his father by his
Business ability he was able 10 inspire in al who
became associated with him in after years. The
money he made out Of his ice contract he in
vested Il timber lands Il the South. and the
hard pine cut from them sold TO the Maine
xhtpya-ds n which The Norses had large inter
ests- Z 1880 the firm Of Morse & Co was
established il this city, and c. ". Morse
moved here from Maine IN 1885. He confined
lis -tions for tine 70 managing his feet
q vessels engaged fl the ice and lumber trade,
- 6 ship brokerage business and to wholesale
one-s-io-s LIN ne- and