The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1913-04-01
J.PIERPONT MORGAN
DIES in ROME, ITALY
Greatest Individual Money Power
the World Has Known, Passes
Away at Age of 76-Had Mar
velOuS Career.


velOus Career.
New York, March 31.-J. Pier
pont Morgan is dead. He died at
1905 p. m. Rome time (6:O5 a. m,
New York time). This announce
ment was made by the offices of ].
p. Morgan & Co. Henry P. Dayi-
son, member of the house of Nor
gan, made the announcement. He
said merely that the fnacier had
passed away shortly after noon.
Mr.. Dawson had planned to go
abroad some time this week, but it
Is though possible that this trip
will be postponed.
PHYSICAL BREAKDOWN.
Coincident with Mr.. Morgan's
death 1t became known that he had
sustained serious attack before
his departure for Europe, but had
rallied SO rapidly that it was not
considered a forerunner to fatal
illness and was known only to his
most intimate friends.
DR.. NJ. Allen Starr, called into
consultation in connection with ].
z. Morgan's illness, attributed the
fnancier's breakdown to emotion
caused by the investigation carried
out by the Pujo committee at Wash
ington into the operations of the
money trust"
TOOK COMPLETE REST.
For many years Mr.. Morgan
spent a considerable portion of his
time abroad, but on this trip for the
first time he severed all connection
with business affairs and permitted
his partners to shoulder all re-
sponsibility for their conduct. 1t
was the first instance of his taking
such complete rest since he en-
tered the banking business in this
city before the civil war.
Prominent bankers in this citv
said this morning that they did not
predict any decided unfavorable ef-
fects on the stock market by reason
or MT Morgan's death. The reason
or this, they explained, was that the
recurrent rumors of his serious ill
ness had prepared the market for
any possibility and enabled those
engaged In market operations to
prepare for such a situation.
HIS REMARKABLE CAREER.
John Pierpont Morgan started his
business career half century ago
on the board of directors of a large
maritime insurance company. He
secured the position through the in
huence of his wealthy father. For
year young Morgan attended the
directors meetings, but never OPEN
ed his mouth, except to vote.
The president of the companv
told the elder Morgan that nothing
could be done with his son, who
seemed to take little interest in
business. Young Morgan. however
all the time was laying his plans for
MS first railroad consolidation
winch when accomplished establish
ed his standing in Wall street as
the only man who ever got the bet
ter OF Jay Gould
SPHINX OF WALL STREET
Ihe president of the insurance
company had mistaken taciturnity
Tor Incidence. The sobriouet NJ
Sphinx OF Wall Street. later was
applied to the man who at first was
believed to have been without buei-
ness acumen, but later became the
supreme head of the finances of the
American continent
Morgan's control over men and
money was the dominant keynote
OF his life
Others. perhaps, were Weather
than Morgan, but he now command
ed his wealth and that OF others.
CONTROLLED NINE BILLIONS
AT the height of his power he is
said to have controlled nine billions
OF dollars. In addition to finance.
art, literature, philanthropy and
sport all came under his influence.
His prestige was not confined to his
own country-kings and emperors
and even the Pope we're wont to call
him into consultation.
Mr.. Morgan came from an old
New England family which dates
back in this country to 1896. He
was born in wealth and his father.
Junius Spencer Morgan. left him
ten million. j. S. Morgan had ac-
cumulated his fortune in the dry
goods business with Levi p. Morton
and later as an associate OF George
Peabody, merchant banker and