The Birmingham age-herald., 1913-09-08

From the New York Press.
TOHN PIERPONT MORGAN. head
of the most powerful financial in
~ terests In the world, has returned
from his vacation.
He got one week this year.
The junior office boy in the Morgan
offices got three.
But II Mr.. Morgan did happen to be
limited to only a weeks holiday he
spent that in a true mutli-illiona1re fash-
ion. With his family and some friends
he made the cruise with the New York
Yacht clubs flotllla on his steam yatch
Mermaid.
For years the American publis has
been accustomed to think OF the Corsair
when the name Morgan was coupled
with yachting. But the days of the splen-
dor for the Corsair. if not passed. are
very limited. This splendid yacht Is too
large for everyday use, in the estima-
ton of the present head of the great
financial dynasty. So 1t Is moored at
the New Yorw Yacht club anchorage
in the East river and Is only used on
state occasions. So for the first time in
long while the annual cruise OF the
yacht club is taking place without the
Corsair.
But to resturn to the matter of the
milionaire's vacation. it is interesting
to review the causes of .ne meager holi-
day. Nobody thinks of p. Morgan
with associating with tn name inde-
pendence enough to take as much hoi-
day as could be desired. But as matter
co
closely confined to work as the successor
of the great financier. Certain 1t is that
none of Mr.. Morgan's subordinates have
as little time to devote to their families,
to their pleasures and to the pleasure or
their friends as ]. p Morgan. the son of
his father
Since the death of his father in Rome,
Mr. Morgan has had the great RESPONSE
bility of the vast Morgan interests en-
tirely on his shoulders. 1t is true that
for several years before his fathers death
he had taken over the most of his
fathers work. But there was always his
great father to fail back on in matters
of particular moment. But when that
prop was taken from under him he
buckled down to work harder than ever.
Now he works from sun to sun, and
often the day is not finished for him
until long after other men are sleeping.
For years-in fact, since he Joined the
Yacht club in lsS2--he has not missed
cruise This annual affair has always
been one of particular pleasure for him,
because of his fondness for the sea.
After the elder Morgan died, his son,
shackled by the cares OF business, did
not see how he could spare the time for
any vacation this summer. In other years
since he entered the Morgan offices he
has taken a month, and sometimes
longer.
AS the weeks passed into months the
work of the head of the Morgan firm
became more exacting, and instead OF
decreasing in volumne it kept increasing.
He despaired of taking any vacation at
all The other members of the firm came
TO him at the beginning of the summer
to arrange for schedule of vacations
so that an adequate number Of those IN
authority could be on hand at one time
AS senior partner, his wishes or course
were to be consulted first
Mr.. Morgan disposed of this question
by explaining that he would not have
time to take any vacation at all. But
for this once the head of the firm was
not the boss of the establishment. His
partners told him very curtly that he
was going to take vacation whether
he had time or not. There was more
pickering between Morgan and his part
ners over this question than ever would
occur over a deal involving many million
dollars Finally Mr.. Morgan gave In
and consented to go away.
But when he left the office he took
| his secretary with him and informed his
subordinates that he would be gone a
week.
| When he returned to his desk In Broad
street. after seven days absence. he took
up his regular routine, which is more
combining than that of any of his clerks
The 'Jack" Morgan family lives at East
island, Long Island Sound, in the sum-
mer. This island is just opposite Oyster
Bay. The Morgans go down to 1t about
the middle Of May and remain there until
the middle Of October.
The financier reaches his office in New
| York every morning at 10 o'clock. To do
this he has to get up shortly after z
| o'clock after light breakfast at home
| he hurries down to the East island pier
| and is taken out to the Mermaid in a
launch. As soon as he gets aboard the
Mermaid gets under way.
| It Is a little after o'clock by this
/ time. The trip from East island to the
anchorage In the East river at the foot
of Twenty-fifth street generally takes
about an hour and nalf
| On the way down Mr. Morgan takes
very little time admiring the scenery or
commenting on the weather. When he
boards his yacht his crew gets a pleas
ant good morning and then he goes