The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1910-02-11
More About Mr..
]. Pierpont Morgan.

A Journal reader whose communities
ton appears elsewhere in these
columns, takes serious issue with The
Journal in its estimate of ]. P. Morgan
as expressed in an editorial yesterday.
He also puts The Journal in the atti-
ture of casting a slur on Sewanee Uni
versity which has just been made
a beneficiary of a large gift by Mr..
Morgan.
The Journal disclaims any intention
of casting a "slur'' at the University
of the South, neither was there any
thing in our comment that could well
be so construed.
The term great distinction" as used
by our correspondent, is woefully mis-
applied. We haven't the space to give
an alphabetically arranged group of all
the publications in this country that
have looked with suspicion upon the
King of Wall Street. But we cite-at
random--the eight publications of
Mr.. Hearst; Mr.. Bryan's Commoner,
Mr.. Watson's two Jeffersonians, Col.
lier's Weekly, La Follette's, McClure's,
to say nothing of Everybody's and hun
dreds of other representative dailies
and periodicals throughout the coun-
try. In fact, we believe a majority of
the reputable press of the land have
criticized Brother Morgan from time
to time. Though perhaps, they have
steered clear, as a rule, of specific
charges against Mr.. Morgan, the great
system of which he is the head has
been held up as a matter of reproacn
for twenty years by the press and by
most of our best public men.
We believe our correspondent along
with James Creelman holds the dis.
tinction" of being at least one of the
first men to publicly defend Mr.. Nor
gan since the woods were burnt. You
won't catch a candidate for congress
or the United States senate signing
his name to letter like the one to
which we refer. The man who asks
for the suffrage of the people doesn't
crave any Morgan prestige.
During the campaign of 1908 Mr..
Taft and the Republican spellbinders
denied vigorously the Democratic
charge that Morgan and his clique
were straining point to bring about
the election of Mr.. Taft. Why? If
Mr.. Morgan is the embodiment of ali
do our public officials squirm when &C.
cused of being in sympathy with Wall
street interests? Does any man have
the temerity to urge that Wall street
is a haven of virtue in business opera.
tons? And do you know of any man
whose interests are greater in that
noted beehive of spectators than j
Pierpont Morgan's?
1t was the Morgan system that gave
us the panic of 1907, which crushed to
the wall hundreds of legitimate bust
ness enterprises throughout the land
Did Mr.. Morgan lose anything in tina.
furry? 1t was, in a sense, his panic
Just as the present tariff system is
his-and of course he could relieve us
of the embarrassment" when he and
the others had punished President
Roosevelt for his antitrust crusade
and after they had gathered up theil
profits in the deal.
And as to the Cleveland-Morgan
bond incident-weII, Mr.. Cleveland
dropped his reputation at that mid
night conference with Piarpont wher
the bond deal was arranged. Mr.
Cleveland's fame suffered a bruise
from that incident from which even
to this day it has not recovered.
Mr.. Morgan may be possessed OF
angelic proclivities, but his wings
must be wet for no futter has been
heard in recent years.