Evening star., 1909-05-26
MORGAN, JR., HAS ROGERS' JOB
ELECTED DIRECTOR OF U. s.
STEEL CORPORATION.
Indicates Supremacy Of Fathers In
terests-Eulogy to Dead
Financier.

NEW YORK. May 26.-J. p Morgan,
jr., was elected to succeed the late II. II.
Rogers in the directorate and finance
committee of the United States Steel Cor
poration at yesterdays meeting of the
board.
The announcement, made late In the
afternoon. was regarded in Wall street
as significant OF the further intrenchment
Of the Morgan interests in power In the
corporation.
1t was recalled that before the panic
OF 1907 rumors were afioat that the So
called Standard Oil interests in the cor
poration had become so strong as to
threaten the Morgan supremacy in the
trust. Yesterdays election of ]. p. Nor
gan. jr., gives the Morgan banking house
four of its own members In the steel
directorate-J. P. Morgan himself, his
SON. George w. Perkins and Charles
Steele. Others of the twenty-four direct
ors are so closely allied with the Nor
gan interests as to be known as Morgan
men,"
Rogers Holdings Shrunk.
In another direction importance was at
tached to the announcement for the pre-
sumption 1t carried that the amount of
steel stock held by the Rogers estate is
considerably less than was the case two
years ago. Wall street figures that IL
Mr.. Rogers had remained large stock
holder up to the time of his death, his
son. II. II. Rogers, jr., or his son-n-law,
Urban III. Broughton, might have been
chosen as his logical successor rather
than representative of the Morgan in
terests.
In many matters of policy in the past
the so-called Standard Oil interests have
been credited with holding contrary views
to that of the banking house which
1oated the steel corporation.
]. p. Morgan, jr., in succeeding Mr..
Rogers, becomes a member of the class
of directors whose terms expire in 1910.
Eulogy to n. n. Rogers.
At the meeting yesterday Elbert II.
Gary. chairman of the board. and of the
eulogy Of Mr.. Rogers work and person
ality. which was spread on the minutes
Of the meeting:
the board Of directors and of the finance
committee of the United States Steel
Corporation from the time of its organ
ization in 1901 to the time of his death.
which occurred May 10. 1909. He took
an active interest in the affairs of the
corporation. having attended the meeting
of the finance committee during the aft
ernoon of May IS, 1909. and was cordial
which have prevailed -
with respect to the business interests
Of this country, Mr.. Rogers was a stall
wart among stalwarts. His natural ca
pacity, wide experience, keen perception
and sound judgment entitled him to a
position in the first ranks of successful
business men. In the consideration of
the many complicated questions which
have arisen concerning the corporation
he has been of great influence and bene-
At. He never wasted time nor INDUCED
in prolonged discussion. His views were
clear and clearly expressed, and while he
was positive in his opinions. he was not
disposed to insist upon the acceptance Of
his conclusions II opposed to the opinions
OF the majority. He was stanch and true
and dependable.
'And the association with Mr.. Rogers
was a constant pleasure to his comrades.
He was kind, courteous. patient, consid-
crate and generous under all circum-
stances. His invariable treatment of
every one connected with the corporation
and its subsidiary companies was such as
to secure for himself their lasting graft
tude He was dignifled and at times re-
served, and yet was gentle and tender.
Very earnest and sober in discussing and
deciding important questions. he was at
the same time quite disposed to see the
humorous side. A great man has gone
from our midst. His memory will abide
in our affections"