The midland journal., 1913-05-30
MORGAN STORIES.
The Great Barker. Blunt and
Gruff, Could Enjoy a Joke.
HIS KEEN SENSE OF JUSTICE.

Il Was strikinsly Illustrated by the
Way He Handled Two Defaulting
Employees and the Rebuke He Ad-
ministered to Wall Street Shark.
knew him as man blunt to the point
Of gruffness, yet he had keen sense
of humor. This is recalled by the way
he appreciated SO well the joke Of g.
young Irishman who served in his Of
fee as sort of exalted porter that he
raised his salary.
The joke was on one Of the bankers
visitors. who, thinking to have some
fun with the young man, remarked to
him his was most difficult task, keep
ing those whom Mr.. Morgan did not
wish to see away from him without
giving offense.
That's so," said the Irishman, "but
don,t mind. earn $50 week."
Duly impressed, the visitor remarked
to Mr.. Morgan that he paid pretty
good salaries, mentioning the figure
given him by the doorman. Mr.. Nor
gan rang for him.
"What do you mean he demanded,
''by telling this gentleman that pay
you $50 week p
81 never told him anything of the
sort, sir" the man replied. II told
him earned $50 a week keeping
cranks out. and think do"
Well said Morgan. lighting up,
1--WE won't discuss that now, but just
fell the bookkeeper you are to have $5
more week. And have no more talk
I with my inquisitiye friend here on the
private affairs OF the Office"
Every banking house has little pecu-
lntions at one time or another. No
public record exists to show that the
Morgan house suffered in this respect,
but that is because the banker handled
these cases in his own way. Two such
cases are recalled by veteran in the
street. In one the culprit, married
man. admitted that he was some $500
short when the head Of the house
called him into his office. 1t had gone
in speculation. he said. He admitted
that bis salary was ample for his
needs.
Mr.. Morgan advised him to go home
and tell his wife about it and see him
in The morning III the morning he
handed him the amount he was short
nftcr the clerk had said he had told his
wife everything.
'.l'ut that where you took the money
FROM" he ordered. ST is loan from
me- Icxpect you to ..ay it back None
Of the others know anything about it
Let's see if you can't be mar"
Later the clerk returned the money
to him, with a stammering expression
Of thanks.
sHumphw said the banker. sit was
a bit harder saving than losing it
wasn't it? Well, now, take it home and
give it to your wife. guess she saved
more Of it than you did"
The other clerk, unmarried. became
involved through associating with toe
lively group Like the other, he was
advanced the amount of his shortage
and, like the other. repaid it. Not long
afterward Mr. Morgan called him into
his Office and gave him three months
notice.
''But. Mr.. Morgan" he protested
'I'm all right. haven't taken dollar
Of your money since you gave me an.
other chance"
Il know IT, said Morgan, shut il
won't be long before you will You're
travelling with your old clique again"
There is one banker, not Of the sec.
ond class in importance, who probably
never viii forget his experience on the
''Black Monday panic. The head OF
bne of the largest commission houses
, In the street" went to Morgan for aid
"We are absolutely solvent he said
s'but Mr.. Blank has called loan on us
for $1,000,000. We can't make it an6
must close. Wen pay 100 cents and
have enough left for all of us, but we
don't want to sacrifice that business Of
years."
what security have you gotY' asked
the bank .r.
The broker told him.
"AIl right. I'll give you the money
Send the stuff here. Jack. telephone
Blank want to see him"
Il sent for you," roared the man
who had been up days and nights try.
ing to bring financial peace out OF
chaos, Ito tell you what I think about
you, but haven't the time now.
You've been pounding this market
ever since this trouble began, trying
to make money when everybody else
has been trying to help those in trou-
BILE. You go back to your Office and
stop calling loans. If you call another
one I'll break you and drive you out
Of businessp'
And that settled it.
David Dows In his day one Of the
great men in the financial district
once said to the banker:
Morgan, you see a lot Of young