White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1910-08-14

The story goes that once upon a
time. to begin in the good old fash
ion way-and the time was not so
long ago, J. Pierpont Morgan asked
a very great man, by way of getting
at the very core Of what he wanted
to know. whether the very great man
wanted panic OF prosperity in these
United States, adding, you can
have panic, or you can nave prosper
ity: it makes little difference to me,
for the house of which | am h head
will survive either condition
And then. warming to his subject,
according to this same story, the
truth of which Is not vouehed, the
head of the House of Morgan declar-
ed:
"We have built for all time and all
generations; we will survive for hun
dreds of years after you are dead and
buried, and our business will go on
without interruption under the di-
rection of men as yet unborn who
will be trained to conduct tive are
an institution"
The story whether true or not Is
enlightening in n respect-it en-
phasizes the fact that the banking
business of j. p. Morgan & Co., with
its many foreign branches, constitute
an institution; 1t is vastly more than
a simple business undertaking. With
this point emphasized, 1t can be
sketched that the headship of that in
stitution descends from father to son,
and that each succeeding son who is
slated for the position of chief ex-
ecutive officer is as carefully trained
to his duties as ever prince was train
ed for the day of his coronation.
J.. p. Morgan has worn worthily
the power and influence ~bequeathed
him by his father, Junius Spencer
Morgan, and now j. p. Morgan, Jr.,
Jack" as his father calls him, is
coming to shoulder each day a
heavier load of the burden the
father has carried. Upon Jack
Morgan the eyes of inanciers all over
the world are fixed, and with vast un-
dertakings, like the Billion Dollar
Copper Merger, centering in that
white marble banking house at the
corner of Wall and Broad streets,
Jack" Morgan becomes more and
more a parsonage of the moment.
On the man as he is, his training, his
business and personal habits, a writ
er in Munsey's Magazine sheds much
light.
First, look at him in action"
says this writer. I'm the house of
Morgan, If you should go into that
long, glass-enclosed office which runs
parallel with Broad Street, you
would see, almost any afternoon, a
big broad-shouldeIEd, deep-chested
walking around with his hands
dug deep into his pockets. He
be leaning casually up against
one of the many desks where sit that
remarkable group of %financers known
as MIR. Morgan's partners" He might
be gazing out of the windows into
the tumult of the Curb Market, or
watching the human ebb and flow
the white marble portals of
he Stock Exchange.
You could spot him for a Morgan
It first glance, not so much for the
of his bulk. but because he is
n so many ways the embodiment of
lis father. He has the Morgan eye
hat searches, the Morgan alertness,
nd the Morgan nervousness of move
nent. He Is no ordinary-looking
nan. If a messenger-boy should
hand him a paper, he would read 1t
1t a glance and give an order in a
nonosyllable. With a look or a nod
ne directs.
This apparent carelessness of
manner does not betoken indifference
is simply part of the life of the
Morgan office. Perhaps no other bus
institution in this country toler-
ates so much informality. You can
the humblest ~bookAeeper smoking