The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1913-04-05
NOTED FthAhciER PASSES AWAY
4. IN ITALY AT 1905 p. NJ,
MONDAY.
WAS KNOWN As"MoNEY KING"
Started HE Business Career Fifty
Years Age-elIencs Caused Others
10 Think Him tndoIent-lnfav.
enosd Art, Literature,
Philanthropy.

New York, April ii. Pierpont Nor
Ena Ia dead. He died at 1906 p. M,
Rome time, Monday. This announce
ment was made by the offices of j. p.
Morgan & 20. a few hours after the
great f1naneier's demise.
Mr.. Morgan died at the Grand hotel,
Rome. Announcement of the death
was not made to the awaiting news.
papermen for some time after the end
came. the information being held up
until private cables could be sent to
the Morgan firm.
End Comes Peacefully.
The end came peacefully, while Nor
gan was still unconscious. Herbert l.
6atterlee, Mrs. Satterlee. daughter OF
the financier; Professor Bastianelli,
Drs. Starr and Dixon an. other mem.
bers of the Morgan party were at the
bedside, but for hours before his death
the banker gave no sign of conscious.
ness.
Mr.. Mergan's illness began while he
was on trip on the Nile.
In Bad Health Here.
Coincident with Mr.. Morgan's death
It became known that he had suffered
serious attack before his departure
for Europe, but rallied SO rapidly that
1t was not considered a forerunner to
fatal illness, and was known only ia
his most intimate friends.
Half Century q Banker.
No man Of recent times has occupied
a bigger place In American financial
history than John Pierpont Morgan.
He was in the banking business for
more than half a century, and during
the latter years of his life he was I'm.
uuestionably the financials dictator OF
the United States.
When a panic seized Wall street in
1901, during the struggle for the con.
troll of the Northern Pacific railroad.
1t was Mr.. Morgan who came to the
rescue. Again, when similar ,condi.
tons prevailed in the fall Of 1907, it
was MT. Morgan who saved the situa.
:tien. ~ =; - 80; SO q s;.E N9>'@
=. s'zsS' Beat Experts at Finance.
. Mr.: Morgan was born at Hartford,
Conn.,, April II, 1887. His early
schooling opportunities were the best.
lie graduated from the Boston high
school and was student In the Uni
rersity of Gottingen. Germany. His
father was a financier OF prominence
and it was not difficult for young Nor
gan to get start in the business
world. His first experience was in the
London house of Morgan & Peabody.
, Going to New York at the age of
re3, he fought both Gould and Fisk for
the possession of the Albany & Sus.
uuehanna railroad and beat those old
Napoleons Of finance at their own
game. In 1871 he became a member
Of the banking firm Of Drexel, Morgan
C Co., which later became ]. P. Nor
gan & Co., the largest private fuan-
cial institution in the world.
Gave Millions to Charity.
Despite a life of strenuous endeavor
Mr.. Morgan found time for other
things. He gave away millions in
charity. but nothing perturbed him
more than to have it mentioned to him.
During all his years Mr.. Morgan en-
'oyed life to the utmost. He was
fond of dogs, and his kennels at Crags-
ton were the wonder of breeders the
world over. He rode and shot and
angled enthusiastically and was fond
st yachting. His yacht Corsair was
,ne Of his favorite societies and clubs
b the United States and Europe.
Fortune Estimated at 100000 900.
1t is impossible to estimate with
Any degree of. accuracy the size of the
Morgan fortune. 1T has been various
y estimated In recent years at from
t76, 100000 to $200,00O.OO0. II It 10
anywhere near the latter figure, It is
equally true that he made az much
Tor others.
In 1851 Mr.. Morgan married Miss
Amelia Sturges. who died the follow
ing year. In 1866 he married Frances
Louise Tracy, by whom he had one
ION and three daughters. The son,
:. P. Morgan, Jr., is now a man Of
middle life, and for number of years
has been the active head Of the Nor.
1870 Austria Sends 5000.
Washington, April /. A cable.
cram to the Austrian embassy an.