The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1913-03-31

and there weak places in the organi-
cation were strengthened-and then
tested.
No man can plough we'll until his
fingers have been curved to the han
dies.
Arranged Tests Of Young Leaders.
Morgan placed his. great organiza-
ton in the hands of these younger
men. and then let them u it. Now
and then shrewd Wall Street observ-
ers think he may have arranged a
easy for him, standing half way in
the shadow. to create problems for
them to solve without his instrument
tally being detected. He never in
terferred. No one dared appeal to
him except in the event of an abso-
lutte deadlock. Then he listened
gave his judgment in a. brief. preg-
nant growl-and climbed back by the
aid Of big Jack" MacDermott's arm
the return to the library and the art
gallery in which he spent his better
hours: So far as mortal man could
provide he had insured the investing
public against loss because Of his
death. For the past four years-ever
since he succeeded ii getting rid Of
the tremendous quantities of securl-
ties he had been obliged to take dur
ing the panic of 1907-he has been
stocks. Incidentally he made an I'm
perial profit on those transactions. 1t
has never been grudged him down in
the street.
Puts His Home in Order.
OF late years his every action SEEM
ed to have been directed toward put
ting his house in order. The securi-
ties in which his personal fortune was
invested were Of the gOld-edged and
gem-set order. He brought over from
England the enormous collection Of
art objects from his Princess Gate
house and from the public museums
in which they had been held. in order
to save his estate the cost Of the great
death duties which would have been
enforced by the British government.
He arranged for their proper bestow-
al in this country. The Metropolitan
Museum of Art and the Natural His
tory Museum. both Of New York,
We're naturally enough the chief bene-
ficiaries. But perhaps a dozen other
lesser museums received gifts from
him that would have battered a king
dom. He appeared before the Pujo
committee in Washington and spoke
with a clear-eyed candor that did
more to clarity the waters that had
been muddled by inexpert investiga-
tors than any n other incident Of
that probing. He made no apology
for what he had done. He seemed to
think that no apology was due. His
was frankly the role Of the strong
er conscientiously and generously.
and in constant memory of the weak.
He returned to New York and ar
ranged for the construction of a new
banking house. to take the place Of
the timestained white marble building
which has been the n place on
which the eye of every stranger in
New York Is centred for the last gen.
Grafton or two.
FILLS Every Need.
The new banking house is to be but
four stories in height-on every side
OF it steel and granite monsters tow
stories will show from the street.
Every line and every angle tends to.
ward simplicity. But every need OF
the Morgan partnership is met by It.
Were there fighting In the streets.
hat Office building would be a fort.
At other times 1t 10 banking house
and art gallery and club combined.
self contained. 1t may be assumed
that nc explanations will ever issue
from 1t. Some one in the Morgan
house blundered in 1901. when Nor
thern Pacific was cornered and other
stocks crashed and the moneyed tig-
ers of the street were clawing at each
others threats. Had Morgan been
there 1t could never have happened.
Appealed to by cable. Morgan
Strengthened out the kinks-fgur-
atively speaking he went into the ani-
mails cage al feeding time and drove
them snarling to their kennels-and
so far as possible he repaired the
damage that had been caused by the
weak man in the Morgan crew. But
he explained. BY and by a few
changes were made-Quietly, kindly
in the organization. That was all.
But from that day his son Jack began
to take a higher place. For the past
five a Jack" has been the mas
ter in the masters absence. Those
who knew ]. p. Morgan forty years