The Union times. [volume] (Union, S.C.) 1894-1918, 1913-04-04
J. PIERPONT MORGAN,
GREAT FINANCIER, DEAD


Resting Place Will Probably be in
Mausoleum in Cedar Hill Cemetery
at Hartford, Conn.
Rome, March 31.-J. Pierpont Nor
gan, the New York financier, died
here today few minutes after noon
For months his health had been de-
clining but the symptoms became
more aggravated about week ago,
and since Wednesday last he had been
in semi-comatose condition.
Morgan's Death Shocks New York.
New York, March 31.-John Pier
mont Morgan's lsat resting place
probably will be in the mausoleum in
Cedar Hill cemetery, Hartford, Conn,
which he had erected some years ago
in memory of his father and mother.
When the body of Mr.. Morgan reach
es here from Rome it is expected the
funeral services will be held in the
Cathedral of st. John the Divine, to-
ward the construction of which Mr..
Morgan was large contributor.
When the news of Mr.. Morgan's
death in Rome reached here today ex-
pressions of regret at his passing
were heard on every hand. In the
financial district, the stock exchange
and the consolidated exchange pass
ed resolutions of respect to his men,
ory, and flags everywhere were drop
ped to half mast.
The Offices of j. P. Morgan & Co.,
closed Immediately upon receipt of
the news and little news was vouch-
safed by the members of the firm.
The statement was made, however,
that the business would be carried on
undisturbed by the surviving MEM
bers.
PhilanthrOpic Gifts.
The extent of Mr.. Morgan's phil
anthropic gifts probably will never he
known. He gave unostenatiously-
impulsively rather than along the lin
es of fixed campaign. Probably his
largest gift was $4,50O,OOO toward
the building of the Cathedral of st.
John the Divine of this city. For the
founding of the great lying in hospi-
tai near st. Georges church, of which
Mr.. Morgan was warden, he donat-
ed $1,350,000. Harvard benefited by
his munificence to the extent of 81,
100000 with which was built the
medical school in Boston. Trinity
college was given $25O,OOO for a lab
oratory.
Morgan, Financial Colossus of World
Twenty-Five billion two hundred
:, and -forty-fve million dollars was the
vast sum controlled directly by j.
Pierpont Morgan, according to facts
brought out at the Pujo Money Trust
investigation.
This vast control is secured by
means of interlocking direotorates
through powerful financial institu-
tions, as follows:
]. P. Morgan & Co., The Guaranty
Trust Company, The Bankers Trust
Company; The First National Bank,
The National City Bank, dominated
by j. P. Morgan and representing ag-
gregate resources totalling $22,245,-
100000.
These five concerns had BAL direct
ors in 112 corporations.
The house of Morgan alone has 63
directors, in 80 corporations, having
total resources of capitalization of
$1O,036, 100000.
Eighteen corporations and individ-
ual firms closely affiliated with Nor
gan hold an aggregate of TAG direct
orships in 134 corporations, having
total resources of capitalization of
the amazing total of $25, 1926 ,OOO, 900.
The total revenue of Great Britain
per annum is --S $4,000. 900
The total revenue of the
United States per an
mum is ------- 100000, 900
The total revenue of
Germany per annum 1900, 900, 900
The total revenue of
France per annum = s5O,ooO,ooo
The total revenue of It.
ally per annum - 45O,OOO,O 900
Total annual revenues
of the worlds five
great nations -$4, $50, ,OO0, 900
Morgan controls four times the
amount of revenue of the European
concert
Morgan controls TWENTY-FIVE