The Oskaloosa herald., 1913-04-03
P|ERPONT MORGAN.
CALLED BY DEATH
NOTED AMERICAN FiNANclER
PASSED AWAY AT ROME.
END CAME TO HIM PEACEFULLY
Collapse is Attributed to the Strain
he Underwent Last Winter When
Before the Pujo Money Trust
Investigation, Says Starr.

great American financier, died at the
Grand Hotel here today, The actual
time OF his death Is given at 1905 y.
~. Announcement of his death was
not made to the awaiting newspaper
men for some time after the end
came. The information being held
up until private cables could be sent
to London and New York houses of
the Morgan firm. The end came peace
fully while Morgan was still uncon-
scions.
Herbert l.. Satterlee, Mrs. Satter-
lee, daughter of the financier, Prof.
Bastianelli, Doctors Starr and Dixon
and other members of the Morgan
party were at the bedside, but for
hours before his death he gave no
signs of consciousness. His daughter,
Mrs. Satterlee, visited Morgan's bed
side at IL a. m. and she said he was
then unconscious and she remained
but a moment.
Throughout the day the Satterlees
and other members OF the Morgan par
~ remained in an adjoining room
awaiting the end, which the physi.
clans plainly told them was not far
off. '.. r.4a Of g.. ST.. e. o.
Mr.. Morgan's collapse is attributed
to the strain he went through when
he was summoned to appear last win
ter before the Pujo money trust COM
mittee In Washington, according to
statements today of DR.. Starr, the
eminent nerve specialist who attend
ed the financier. I'LL. .-...
Messages from King Victor Eman.
uel, Pope Plus and the British Ger
man and Greek embassies were re-
ceived at the Grand Hotel inquiring
after Morgan's health ~ -.-.
At the hour when Mr. Morgan's
pulse was "a and his temperature. 104
and his respiration 48 the doctors
said his death might be only a mat
Ter of few hours. ar. 30. 49,. ..
Mr.. Morgan passed away after
week of critical illness. He has been
mostly unconscious since last We'd
nesday. The last words he uttered
were said on that day when he arous-
ed himself and asked for his legs to
be massaged, treatment that before
had relieved him when he was suffer
ing from nervous disorders
Early in February while Mr.. Nor.
gan was making a trip up the Nile in
a specially constructed boat he was
went into a state of coma in which he
remained twenty-four hours He was
rushed to Cairo, where, physicians
and nurses were in waiting and he re-
manned there for some time. He went
then to Rome, where he was stricken
again. .s4t. .... 3a.. 49,.
"a Mr.. Morgan was born at Hartford.
Conn, April II, 1887. His early
schooling opportunities were the best.
He graduated from the Boston high
school and was student in the Uni.
yersity of GOettingen, Germany. His
father was fnancier of prominence
and il was not difficult for young
Morgan to get start in the business
world. After his return from Ger
many young Morgan went into his
fathers banking business. AS his ex'
perience in the business grew his
father wisely placed upon his shout.
ders more and more of the firms re.
sponsibilities. He was sent TO Lon.
don as the firms representative and
there, in the counting room Of Nor.
gan & Peabody, he obtained a thor
ough grounding In the exceedingly
complicated subject of foreign ex-
change. When he returned to New
York he again entered his fathers
banking firm.
From 1864 to 1871 he was a men,
Der of the firm OF Dabney, Morgan 4
Co, dealers In investment securities.
About 1869 he attracted the attention
of the whole financial and railroad
world by saving and obtaining posses
sion of the Albany 4 Susquehanna
railroad, which Gould and Fisk had
tried to wreck. This was his first
great success. In 1871 he became a
member of the banking firm of Drexel,
Morgan 4 Co., which later became J.
r. Morgan & Co., the largest private
financial institution in the world.
The history OF the Morgan banking
house reads. almost like a fairy tale,
so wonderful have been its achieve
ments. In 1871 Mr.. Morgan created a
market in Europe Tor $2o, 100000 of
New York Central stock and sold it
there at profit which amazed old
Commodore Vanderbilt In 1877 he
handled an issue of $260000,000 OF
government bonds in preparation for
putting the national currency on
gold basis. In 1880 he provided $40,-
000,0 for the extension of the North
ern Pacific railroad to the Pacific
Coast. In the same year he was in
strumental in the reorganization of
the Reading railroad and the Balti-
more & Ohio. involving loan of $780,
100000. In 1898 he rehabilitated the
Erie road. Two years later he put the
Lehigh Valley roau on its feet and
brought about the soft coal combina-
ton. In 1892 he performed one of his
most remarkable feats. In company
with August Belmont he undertook to
and did maintain the gold reserve in
the federal treasury, causing the sus-
pension of the laws of exchange in
order to accomplish the result.
Another important deal was the or.
ganizing and the floating of the securi-
ties of the United States Steel Cor.
poration, with a capital of $1,100,000,-
600. The VIOLENT decline In the secur-
tiles of the steel trust during the de-
preston of 1904 was as promptly |
relieved by the influence of Mr.. Nor
gan and he made 1t his business from |
that time on to prevent. as much as
possible, all violent fluctuations In |
that stock. ta ~
The most recent financial deal of |
great Importance engineered by Mr.. |
Maroan and hia aeeoeiataa WINS tho