The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-04-01
DEATH OF J. P. MORGAN.

this has been expected Tor some tlme
by reason OF rumors Of Morgan Ill
health. death came, after all, sudden
at the last And yet he was not
very old man He WAS born Eve fol-
low "Who's Who in America y at
Hartford, Conn, April il, 1897; so that
ne was but little short OF seventy
six years of age when he died. He was
the son of Junius Spencer and Juliet
| (Pierpont) Morgan. He was graduated
at the English high school in Boston,
was a student at the University Of
Goettingen (LL D. Yale University
1905, Harvard University, 1910; mar
ried Amelia Sturgis, 1861, who died
the next year. He married for his
second wife Frances Louise Tracy in
1865, who had by him one SON and
three daughters. There are eleven
grandchildren
Mr.. Morgan entered business in
the bank of Duncan, Sherman & Com
pany, New York, in 1857. He became
agent and attorney in the United
States in 1860 for George Peabody &
Company, bankers, in London, in which
his father was a partner. lie became
member of Dabney, Morgan & Com
pany, investment securities, in 1S6t-7l.
He became member in 1887 Of the
firm Of Drexel, Morgan & Company
now J. P. Morgan & Company, leading
private bankers of the United States;
also, of j. S. Morgan & Company, Lon
IL hoe lor cd
fuancier in the largest reorganizations
of railways and consolidation of indus
trial properties. He floated U. S.
bond issues of S62,000,0OO during
Cleveland s second administration. He
organized and foated securities Of the
tai $1,1O0, 100000; secured American
subscriptions Of S50,00O,000 to the
British war loan of April, 1901;
organized the existing agreement of
anthracite operators of Pennsylvania;
also Of soft coal interests in Ohio,
Indiana, and Pennsylvania; controlled
over $4,000 miles Of railways, and
large American and British ocean
transportation lines. He gave the
sites, buildings, and funds amounting
to about $1,500,000 TO the Lying-in
hospital OF New York, and made large
donations to the New York trade
schools, the cathedral OF ST. John the
Divine, and many other institutions.
He made valuable gifts TO the Metro
politan Museum of Art and the New
York public library. He owned famous
collections Of pictures (including the
famous Gainsborough painting), books,
manuscripts, curios, etc. He was
yachtman, and has been commodore
of the New York Yacht Club, building
the Columbia, which defeated the
Shamrock for the America s cup in
1899 and 1901. He was president OF
the Metropolitan Museum of Art, and
member of many societies, clubs, etc,
in the United States and abroad. He
received the grand cross of the Order
of Red Eagle from the German EN-
of an autograph letter of Martin
Luther, which had cost him $4,000.
Mr.. Morgan was not very old man,
as age goes among men of note, and
having every advantage of wealth and
being able to command the most eI-
pert medical advice, one would have
supposed that, beginning with an eI-
cellent constitution, he would have
been able to live for many years yet.
But his final affection came upon him
suddenly in Egypt, aud though he
made haste to get to Rome for the
best medical advice and treatment,
there was evidently no remedy for his
case
Mr.. Morgan wide.reaching fnan-
cial interests and complicated connec
tions will cause some disturbance in
financial circles. no doubt, but we
imagine that his affairs are so thor.
oughly provided for in every respect
that there will be no financial convul.
sion. and that everything will pro-
ceed much as before. This is what we
should expect from his commanding
ability and careful foresight
Mr.. Morgan's most recent appear
ance commanding public attention was
when he gave his testimony before the
Puio House Committee which was in
search of the so-called "Money Trust I"
Mr.. Morgan showed emphatically be.
fore that committee that there was no
such thing, and cannot be such a
thing as money trust; for trusts deal
in special commodities or lines of &C.
| ton, as TRANSPORTATION, corporation
organizations, control Of the markets,
and the like, but as for money, it has
no preferences with respect TO any
thing whatever, and deals where its
profit appears. This Mr.. Morgan made
very plain to the committee, and his
demonstration was so convincing that
those who speak of money trusts in
evitably fall into the line of thought
that Mr.. Morgan pursued, and wind
up with the showing that what they
took for a money trust was in fact a