The Olneyville times. (Olneyville [Providence, R.I.]) 1887-1917, 1913-05-02
MORGAN STORIES.
The Great Banker, Blunt and
Gruff, Could Enjoy a Joke.
HIS KEEN SENSE OF JUSTICE.
II Was strikinely illustrated by tho
Way He Handled Two Defaulting
Employees and the Rebuke He Ad-
ministered to a Wall Street Shark.

OF BTuHHcsS, yet ne ndu Keen beuso
| OF humor. This IN recalled by the way
he appreciated so well the joke Of a
young Irishman who served In his Of
fee as a sort Of exalted porter that he
raised his salary.
The joke was on one of the bankers
visitors, who. thinking to have some
fun with the young man, remarked to
him his was most difficult task, keep
ing those whom Mr.. Morgan did not
wish to see away from him without
giving offense.
That's so." said the Irishman, but
| don't mind / earn $50 a week"
Duly impressed, the visitor remarked
to Mr.. Morgan that he paid pretty
good salaries. mentioning the figure
given him by the doorman. Mr.. Nor
gan rang for him.
what do you mean," he demanded,
"by telling this gentleman that ] pay
you $50 weekT
II never told him anything OF the
sort, SIR" the man replied. 81 told
him | earned $50 week keeping
cranks out. and think 7 do"
"Well," said Morgan, lighting up,
1--WE won't discuss that now. but just
tell the bookkeeper you are to have So
more a week. And have no more talk
with my inquisitlve friend here on the
private affairs OF the Office"
Every banking house has little pecu-
atoms at one time or another. No
public record exists to show that tho
Morgan house suffered In this respect,
but that is because the banker handled
these cases I'm his own way. Two such
cases are recalled by veteran I'm the
street In one the culprit, married
man. admitted that he was some $500
short when the head Of the house
called him into his office II had gone
I'm speculation. he said. lie admitted
that his salary was ample for his
needs
Mr.. Morgan advised him 10 go home
and tell his wife about II and see him
handed him the amount he was short
after the clerk had said he had told his
wife everything.
put that where you took the money
FROM" he ordered ut Is n loan from
me. expect you to pay Il back. None
OF the others know anything about It.
Let's see If you can't be a man"
Later the clerk returned the money
90 him. with n stammering expression
OF thanks
"Humphr said the banker. 'It was
bit harder saving than losing II.
wasn't It? Well now, take II home and
give II TO your wife. | guess she saved
more OF II than you did"
The other clerk, unmarried, became
involved through associating with too
lively group. Like the other, he was
advanced the amount OF his shortage
and, like the other, repaid II. Not long
nfterward Mr.. Morgan called him into
his office and gave him three months
notice
But. Mr.. Morgan" he protested,
T'm all right haven't taken n dollar
OF your money since you gave me an
other chance"
IL know It." said Morgan, "but It
travelling with your old clique again"
There Is one banker, not of the sec
ond class I'm Importance. who probably
never will forget his experience on the
"Black Monday" panic. The head OF
one of the largest commission houses
In the street" went TO Morgan for aid.
"We are absolutely solvent" he said,
"but Mr.. Blank has called n loan on us
for 81 100000, We can't make 1t and
must close Wen pay 100 cents and
have enough left for all of us, but we
don't want to sacrifice that business of
years"
"What security have you gotY" asked
the banker
The broker told him.
"All right I'll give you the money
Send the stun here Jack. telephone
Blank want TO see him"
II sent for you" roared the man
who had been up days and nights try.
Ing to bring financial peace out OF
chaos, ito tell you what | think about
! you, but | haven't the time now.
You've been pounding this market
ever since this trouble began. trying
10 make money when everybody else
has been trying 10 help those I'm trou-
BILE. You go back TO your office and
stop calliag loans. IL you call another
one I'll break you and drive you out
Of business"
And that settled Il.
David Dows. I'm his day one OF the
great men I'm the financial district
once said to the banker:
Morgan. you see n lot OF young
men and seem TO be able 10 pick up
better ones than any man ! know. !
want n man whom ! can trust 10 look
out for my affairs when | am away
lf you can get me such man I'll pay
him $4,000 year and forever be
your debtor"
"Dows," said Morgan. "when You
find that man send him 10 me. and I'll
pay him $4,000 year and pay you a
bonus for discovering him." New
York World.