The Washington times., 1913-03-31
THINK MORGAN HAD
AFFAIRS IN ORDER
Capital Bankers and Brokers
Say Financier Surely Had
Prepared for Death.

Washington bankers and brokers
are Of the single opinion that MI.
Morgan, realizing that his death
would have an untoward effect upon
the stock and financial markets un-
less carefully prepared for had put
his affairs in order and arranged.
through his partners. to meet any
emergency that might arise when the
event came.
High in their praise of the head of
American finance, these Washington
men declare today that even in death
his foresight and financial general
ship is shown.
in stocks, and poipt to the strength
and steadiness of the New York stock
market this morning as evidence.
w. A. Mearns. Of Lewis Johnson &
that Mr.. Morgan left his affairs in ex-
cellent shape, even before he went to
Europe. and that his partners knew
just what to do when the news of his
death should arrive. The first news
Of Mr.. Morgan's illness several weeks
ago hurt the market worse than the
actual news of his death today"
J. Selwin TAFT, president of the
Washington and Southern Bank. said:
Mr.. Morgan was a great and public
spirited man and in recognition of the
rights Of the public, he must have pre-
pared for the event of his death. He
was the first financier I met when
came to this country, thirty-one years
ago"
Bowie Chapman. manager of Harri-
man Co. said: While Mr.. Morgan
was a very big man. the men surround
serious happen as the result of Mr..
Morgans s death, and the country Is too
big to be seriously affected by any
mans death"
Arthur G. Plant, of A. G. Plant & Co,
said: That there has been an accumu-
lation of stocks by the big interests in
anticipation OF the event Is evident, and
/ believe the market will work higher
especially the first class rails. Mr.. Nor
gan's death has been entirely t:is-
counted.
Eugene f. Thompson. of Crane. Par
ris Il Co, said: Mr.. Morgan knew that
his death was imminent. and prepared
for it
James F. Curtis. Assistant Secretary of
the Treasury:
1t will be interesting to note who will
become his successor in a commanding
position in American financial affairs"
c. G. Dawson. Washington represen
tative Spencer Trask & Co, New York
THE death of MI Morgan will take a
great power from Wall Street. How
will. therefore. have no detrimental er-
feet While the market fell Off today.
il was gradual and soon recovered. This
can be taken as a general indication
that no financial disturbances will fol-
low Nh MOrgans DEATH
Mr.. Plant, of 4. g. Plant & Co,
brokers
Mr.. Morgan's death was discounted
and the urga nization of his firm is sJo
expert that no drastic fleet on the mar
ket need be feared. STANDARD railrOa i
stocks, in my opinion. should be pur-
chased for higher prices. am optimis-
| tic as to the business outlook
G j. Bell. president Of the Amer!-
can Security and Trust Company:
"Thc death of Mr.. Morgan takes
away one of the greatest financiers
| in the history of this country or the
world. Despite the position Mr.. Nor
gan held, however. and the vast in
| terests with which he was connect
| ed. / do not believe that his death
will affect business. His firm was
so organized that the dropping out
of one man. even the head Of that
great institution. would not prevent
the activities of the firm from being
| carried on. even for the present. or in
| the future
W. i. Hibbs. head of the firm Of w
B. Hibbs & Co, bankers and stock
brokers:
"Mr. Morgan was. general The
! nation and the world will now see