The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-21
Disposition of Famous
Collection Is Anx-
iously Awaited.
TOPIC OF INTEREST
[ N A r 7 CIRCLES.
Believed That Ultimately He Will
Carry Out Plans of His Father
as Expressed in Latter's Will.
A 81 d From Collection,
Fortune Only About ~,
$40,O0O,0o0. His
Especial to The rimcs-pispatch.1

Especial to The mcs-Dispatch.l
New York, April 20.--An early
statement is confidently expected from
j. Picrpont Morgan as to his inten-
tlons with regard to the great art col
lection OF his father. which was dc
vised to the son by the Will, which
VIII bo offered for probate Tomorrow.
In nrt circles to-day. ana particu-
Iariy among the trustees of tho Met
fopoltan Museum Of Art, there was IA
general expression OF belief that ulti-,
mately Mr.. Morgan will carry out the
plan of his father, as expressed In the
VIII made public on Saturday, of max.
ing the collection permanently avail
able for the instruction and pleasure
OF tho American people, this, despite
the fact that his father spccincaliy
provided that he laid no obligation,
legal or moral uron his son, with
regard to the disposition OF the col
lection.
May Even Sell IT.
Under this clause of the will, 1t was
observed to-day, Mr.. Morgan IL he so
desires, or IL the necessity should
arise, may dispose of the art collec-
ton by sale; and in this connection
there was considerable discussion out
side of art circles as to the proba abil-
ity of this world famous collection bo-
ing disposed of to the highest bidder
The talk in this connection hcdged
about the comparatively small proper
tions OF the Morgan fortune. and the
responsibility which will devolve upon
Mr.. Morgan nS new head of the bank
ing house. According TO tho prelim-
mary estimates of the size OF the for
tune, II consists OF S40.00U,000 in real
estate, insurance. bnnk, railroad, in
dustrial and other stocks and cash.
add s60,ooo.00o In art collections.
An analysis of the estate under.
these coalitions, shows that leaving
the art collection out of the reckon
Ing, there is available for all purposes
S4O,000.0oo. or this sum. MIR. Morgan
Wlllcd away in absolute bequeSts, an
nuities. etc. in round numbers, $50.
100000. so that there remains outside
or the art collection the sum of $aU,-
100000 as the working captal-for the
succeeding ]. Pierpont Morgan TO
maintain the credit OF the Morgan
banking house which il enjoyed unde,
the man who has laid down the
sceptre.
Will Love No Credit.
wall Street men, In contemplating
this figure to-day. laid II down as n
precedent that under j. Picrpont Nor
gan. the younger. Henry Dawson, Thos.
w. Lamont and the other members OF
the firm, the house of Morgan will lose
no credit in the street. But at the
same time II was pointed out that the
elder j. Plerpont Morgan enjoyed a
world wide prestige that he could not
pass along to his successors This
prestige was based, not upon Mr.. Nor
Gan's personal wealth, but upon his
ability to command in almost unlimited
supplies the wealth OF others. when an
emergency arose. His dominating per-
sonality was equal to millions in itself
And these advantages the house of
Morgan will not be able to command at
once. now that the dynamic forcc has
been stillcd by death.
With j. Pierpont Morgan, the elder,
it is claimed, $2o,00O.o0o would have
been more than sufficient to hold the
fortunes of the house up to its highest
point Of efficiency in the Street; but
will that sum suffice now that the
commanding figure is gone? is the
question that the street is asking in
view OF what the reading OF the Nor
gan will discioses.
Incidentally. it is known that combi
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