Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1913-04-01
Announcement Of Death of
the Money King Made at
Offices Of Morgan & Co.
This Morning.
STOCKS WERE BUT
LITTLE DISTURBED.
Wall Street and Foreign
Money Centers Slightly
Affected by News; Suf-
fered Attack Before Trip.

IereQ ACLdCk DelOTc 1Ilp.
New York, March 31.-The Morgan
offices at the corner of Broad and Wall
streets, were closed this morning On
the front doors was pasted this notice:
~. p. Morgan died at Rome, Italy,
at 1905" (Rome time).
Henry P. Dawson, member Of the
house Of Morgan, made the announce
ment. He said merely that he had re-
ceived cable that the financier had
passed away shortly after noon. Mr..
Dawson had planned to 60 abroad
some time this week but 1t is thought
probable that this trip will be post
poned.
III Before Sailing For Europe.
Coincident with Mr.. Morgan's death
it became known that he had suffered
q serious attack before his departure
for Europe but rallied 80 rapidly that
it was not considered forerunner to
fatal illness and was known only to
his most intimate friends.
For many years Mr.. Morgan spent q
considerable portion Of his time abroad
but on this trip, for the first time, he
severed all connections with business
affairs and permitted his partners to
shoulder all responsibility for their
conduct It was the frat instance of
| his taking such q complete rest since
he entered the. banking business In
this city before the civil war.
Stock Market UndIsturbed.
Prominent bankers in this city said
this morning that they did not pre-
dict any decided unfavorable effect on
the stock market by reason of Mr..
Morgan's death. The reason of this,
they explained was that the recurrent
rumors OF his serious illness had pre-
pared the market for any possibility
and enabled those engaged in market
operations to prepare for just such q
situation.
The stock market bore up we'll under
the news of Mr.. Morgan's death. Open
ing prices showed declines which in al
most no case exceeded point. Sup
porting orders rallied the market
quickly. Trading showed no evidence
OF nervousness.
There was no extreme or marked
change in prices during the opening
session Of the consolidated exchange,
which opens half an hour In advance
of the stock exchange. Prices were
from u to z under the London open
ing and half to Nv below Saturdays
New York close. The following were
the opening prices:
Amalgamated copper TN; Ameri-
can smelling 69A; st. Paul 10 5-S;;
Erie %; Reading 1901; Lehigh Valley
1861; Union Pacific 151h; steel
100 7-8.
Received Two cabiesrams.
please don't speak to me noW,"
was the request of J. Pierpont Morgan,
Jr., now J. p. Morgan, Of the small
army Of newspaper men who greeted
him when he left his home in Madison
avenue this morning.
Mr.. Morgan was bound for the home
OF his mother, 9 few doors away. Be.
fore he reached her door, however,
he added:
"Two cablegrams have been receiv
ed from Rome. One was received at
8:15 and the other at $3.50. They have
not yet been translated. A statement
will be given out later at the Offices Of
J. P. Morgan & Co..
Paris House Unchanged.
1dr1S, MdTCu Ol.-I ILCc6 0AOW IL
regular changes on the bourse today.
The death Of ]. Pierpont Morgan be-
known on the Paris bourse shortly be-
came known on the Paris bourse be-
fore closing time. It had no visible
effect on the market but was the sub
ject of considerable comment and
questioning as to it's probable conse-
auences in America.
The prevailing view seemed to be
that Mr. Morgan's 8 leadership would be
missed more months hence rather than
Immediately. Mr.. Morgan occupied an
immense place in French confidence.
He had done more than anyone else
during the last ten years in establish
ing the faith of French investors in
American securities.
Berlin Trading Quiet.
Berlin, March 31-Trading was quiet
on the bourse today and price changes
were limited to small fractions.
Surprised at Doctors Charge.
washington, D. c.. March 31.-Sur-
prise was expressed by members OF
the money trust" committee now in
Washington that Mr. Morgan's break
down should have been attributed by
his physicians to the effects Of the
Pujo inquiry. When the banker ap-
peared before the committee Dec. 1S
and 10 he was apparently In good
health and his bearing was confident
and self-pOSSeesed.