The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-04-14
ON HIS FATHERS CENTENNIAL
Strange Coincidence Makes II
Sons Funeral Day
THE HEAD OF FIRST SYNDICATE

New York, April 1.-THE funeral ol |
J. T.. Morgan was held al 10 o'clock !
this morning from 81. Georges Pro- |
testant Episcopal church. where ne
had worshipped for half Il century.
special train convey ed In"
party 10 Hartford Conn. for final
services at the Morgan mausoleum.
Rlankctcd hv a covering of nvc
thousand red roses Morgan's faVoritc
uoWer. the coffin lett the Morgan Ii
hrarN. where the body laid in state
since Friday night. shortly before 10
o'clock for church \ vested choir OF
260 voices preceded the funeral party
into 81 Georges Behind the choir
came the clergy, then the pallhearer'
and coffin. Fifteen hundred persons,
one ot the most notable gatherng
New York has seen in many years.
crowded into the church. Admission
was by card So great had been the
demand for tickets that many hun
drcds could not be accommodated. Not
half of she congregation with whom
MORGAN Worshipped obtained admis-
sion
Many Notables Attend.
AmonE the honorary pallhearerS
were Lewis Cass Lrdyard. Elihu Root,
Robert Bacon, JOS Choatc, Ebert
IT, Gary and Seth Low.
The chancel was banked high with
fioral OFFERINGS. but these We're only
q small part of the hundreds thar
poured into the Morgan home. Most ct
these were lcft behind 10 be distrihui-
ed Ia hospitals. Among the flower"
were orchids aud palm leaves from
Emperor William of Germany gold
maltese cross beneath crown palms
from the French republic garland II
violets ana liIhes OF the valley IRON
the british ambassador and 4 wreath
Of orchids from the Italian govern
ment
Four pews were reserved for the
partners of the FIRM of Morgan ana
company and their wives. Thirty-"n'
societies. institutions and orSaniZa
tions with which Morgan was idcnti-
lltN were INIll'N'HN'Ns -N''''''N
present were Andrew CarneSic, Th"m-
ae :, Edison. Charles :. Mellen, w. il.
Vanderbilt. Jr, Clarence H. MackaN
and Nicholas Murray Butter.
crowds estimated 10y the police at
q. 600 choked the thoroughfares lead
ing to the church. Directly opposite
the entrance to the church five thou
h,t,,
dred policemen kept back the crowds.
| Thousands who stood impaticntly dur
Ing the long service disbandcd with
out incident at the close.
Centennial OF Fathers Birth.
Rv an odd coincidence the day APP
nointed for the funeral of J. Pierpont
Norgan is the centennial anniversary
of thr birth of his father. Junius
Spcncer Morgan. father of the lat"
Rnancicr. was born one hundred years
ago today in West Springfield, Mass.
He was the real founder of the great
financial house of Morgan. When he
was 4 young man his father set him
UP in business in Hartford at an OK
pcnse of 100000 The mercantil"
venture was such a success that in
a few years he was able Ia dispose
of his interest for 100000. With
| that sum he removed to Boston and
| embarked in Il fresh enterprise of n
similar character When he was
| ready 10 make another turn lie sold
ont his interest for $600.000 and went
to London. becoming a partner OF
| George Peabody. the famous Amcri-
can banker and philanthropist.
Head OF First Syndicate.
| I, 1870 Junius =. Morgan launched
| into the great new kind of enterprise
which has ever since distinguished
| the MORGAN firm. In October of thai
wear the city OF London was stirred 10y
| tho news that j. :. Morgan and Com
pany had taken French loan of $50.
400 oO0 francs (S50.000 .O00). II was
| the FIRST syndicate operation In The
world at finance. and one of the lare
sst aud boldest ever known. Within
the two preceding months the Ger
mans had crushed the French army
at Sedan, besieged Paris and taker
| the emperor prisoner. The French
we're clearly doomed to defeat, Th,
only authority for the loan was q
provisional government ~ Tour
Taking 250.0OO,00o francs worth oi
bonds under such circumstances in
volved great risks
Acoumulates Big Fortune.
In three months the war was over
| l.. - ,.,a, tho oa,urttf.s had advance.
fifteen points above what they eos
Morgan. And the syndicate was be
lived To have cleared s5,000.0OO by TN,
| transaction. The former Boston dr.
! ronds merchant took his nlace in th,