The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-06
Who WILL SUCCEED
TO MONEYS CROWN?
]. P. Morgan's Place Too Big for
Any One Man to
Fill.
MANY YOUNG FINANciERs'
Wall Street Has Several Brilliant
Bankers Who May Step
Into Lead.
MANY YOUNG FlNANciERs
BY II. c. FORBES.

dead. Who VIII be the next King?
That Is the question keenly discussed
by the world OF finance.
No individual Ia big enough TODAY
10 I'LL the place that was occupied for
40 many years by J. Il. Morgan. In
decd. conditions mean that there can
be no immediate and perhaps not even
an eventual successor, for Mr. Morgan
vas product of economic evolution
rather than the handspring Of that
evolution.
The American public is striving to
90 away with 8utocracy in every form
Mr.. Morgan held. even If lie may not
have always exercised autocratic
rover George F. Baker the most In
iiuential banker now living. called MIR.
Morgan. his colleague. the command
er-in-chief of our financial forces.
Mr.. Morgan was that and more He
rat upon the financial throne.
Who are the aspirants for the va
Gated throne7
j. p. Morgan. Jr.. although he is
junior no longer. will head the Nor
gan hrn. The estimates or this banker
vary radically Some intimate friends
declare that he is scarcely less able
than his father. but that. out OF flial
respect. he carefully remained in the
background They predict that Jack"
Morgan viii quickly demonstrate that
he Is able To control all OF the ire
nendous qualifications Of the greatest
banking house in the United States.
Others say that the younger Nor
gan Is very pieasant gentleman, that
he Is far from being a nobody. that he
II thoroughly familiar with the bug
mess OF the firm, and that he will he
little more than the nominal head OF
the house. since he is less able than
sevcral other financiers who viii enter
The race for supremacy. 1Sis view is
probably the correct one
Henry T. Dawson has f.. two years
dominated the active operations OF
Morgan Co lie began life humbly,
hut after he entered the banking bus
incas he demonstrated eNtraordinary
ability. At one time he was the young
est bank president in New York.
George +. Baker appraised him and
made him the vice president OF the
First National Bank. Then. j. J.. Nor
gan. always on the lookout for bril-
liant banking brains. gave him q part
nership. ana il was not long before
hc became the leading spirit OF the
'irm. Every big banker who has had
dealings ,ss.o win Aiy payis9n declares
Icon on finance in the country. So long
rs harmony can be maintained In the
Morgan banking family. the ability of
Mr. Dawson win be OF Tremendous as
sstance In keeping ii at the fore
front.
Kuhn Loeb ~ Co. whose operations
ere usually classed ~ next in extent
To those Of Morgan n Co. have as "a
partner a young banker whose record
has attracted great attention--otto II.
Kahn For some tim. MIR. Kahn had
aspirations or giving up business en-
tircly. migrating TO England and en-
tering the British House OF Commons.
He went 30 Tar as 10 consult the
tnionist leaders and address a con-
sutuency ~ 4 possible parliamentary
candidate. Mr.. Kahn has, however, de-
cided To stay here. His career viii be
followed more closely than ever. and
1t would not astonish Wall Street if
Kuhn. Loeb * co. should draw for
ward strikingly
James Speyer is not An old man. he
hns two or three capable partners. his
international connections are second
none, and II may he that Spcyer II Co.
vii cut very prominent figure in the
Ycalignmcnt that is bound 10 take place
during the next few years.
George F, Baker Will not don the
Morgan mantle. but he has q son who
Is highly regarded as an able an in
dustrous worker
James Stillman. principal owner OF
tho National City Bank is on the semi
retired list, ana viii not return 10 ac-
tive life az candidate for new honors
or power. lie also has n son, a vice
president or the bank. who attends
very strictly 10 duty. and who may
blossom out as worthy successor TO
his pere.
Frank a. Vanderbilt, president OF
the National city Bank, has had a
phenomenaliy successful! career: he is
very friendly with the Morgan part
ncrs, he is the leading spirit in the
New York Clearing House he has made
his mark as a railroad director and
nnancier, and is Ia the prime OF life.
He too, must be reckoned with in sur
veying the outlook.
Albert III. WiGgin. who recently took
over control Of the Chase National
Bank, a Morgan institution, is regard
ed as far above the ordinary run of
bank presidents. Those who know
him we'll vow that the future has big
things In store for MIN.
Charles II. Sahn, OF the Guaranty
Trust Company, has been mentioned
reDeatedly as a prospective member Of
T. p. Morgan & Co. He enjoys the
Friendship Of the powers that he. af
ter Having won his spurs in various
positions. where ability rather than
influence counted.
whether Morgan e. Co will be able
to rule the financial world unchHl
lonSed Is doubtful. J. +. Morgan was.
of course. the fountain of his firms
unparalloIcd influence and now that
,to is ronc. "a process of dccentraliZa
ZION appcaia inevitable. 1t was often
said that tho United States needed
man like Mr.. Morgan To take the helm
in times OF stress. But under a prop
currency SYSTEM. Slth fS IL prom
ised onc-nan power ought not To be
ueedful In republic democracy. not
autocracy, is demanded by the people.
The appearances are that they will
get 1t.
turning 70 industrial monetary. busi-
noss. stock market, and agricultural
conditions. there are grounds for both
moderate optimism and pcssimism
Business is slackening, partly ow-
ine. 10 tariff uncertainties, but the ex-
uectations are tina. President Wilson'S
message will prove quite favorable,
ana that actual tariff legislation will
not be ruinous. The movement in
favor is being taken up by enlightened
LEADERS. and may result in highly bene-
fetal action,
The worlds money markets are not
comfortable. Credit has been over
ortended. both In Europe and in Amer