Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1913-04-04
WORLDS GREATEST
F|NANC|ER DIES IN
ROME I'LL A WEEK
J. Pierpont Morgan Welded Enor-
nous Power in Remarkable Ca
reer-Death Expected.
STOCKS ARE UNAFFECTED.
Born Rich Man He Became the
Country's Most Powerful Capt.
talist-Son to Succeed Him.

ROME, March 31.-J. Pierpont Nor
gan, the famous American financier,
died at the Grand hotel here at 1906
o'clock this afternoon.
The announcement of his death was
withheld from the newspaper men un-
til private cables had been sent to the
Morgan banking houses at London and
New York.
The end was peaceful and came while
the great financier was unconscious.
Herbert Satterlee, Morgan's son-fn-
law; Mrs. Satterlee, Morgan's daugh-
ter; Professor Bastianelli, DR.. Starr,
DIR. Dixon and others Of the Morgan
party were at the bedside when the en-
came.
For hours before his death Mr.. Nor
gan had been in state of coma, and
his death followed a week of critical
illness.
On Easter Sunday. the banker was
with indigestion and weaken
ed rapidly. Death was directly due to
the bankers inability to obtain nour-
ishment from his food. Since Easter.
his physicians had been unable to in
duce him to eat because Of q lack Of
functional vitality of the nerve can
ters. The refusal of the muscles I'm
his throat to work made it impossible
for him to swallow. He was fed BY
injection but this helped but little.
! The immediate effect on the machin-
cry Of Wall Street Of Mr.. Morgan's
death was comparatively slight. On
the stock exchange the news from
Rome largely had spent its force with
in Is minutes after the opening Of the,
market. Mr.. Morgan's illness had pre-
pared the financial district for the ena
and every precaution had been taken
to guard against q serious break IN
prices.
Mr.. Morgan's last resting place prob
ably will be mausoleum In Cedar Hill
cemetery. Hartford. Conn.,, which he
had erected some years ago in memory
OF his father and mother.
Mr.. Morgan was born at Hartford.
Conn. April II, 1887. He was banker
for Sc years and for the past 20 years
undisputed and absolute king of Amer
lean finance. He was dominant, his
friends said. because Of his ruthless a&-
gressiveness. dauntless strength, unde-
niable exaction and power quickly to
fuse divided elements.
Mr.. Morgan was not q rich man-aa
rich men 90 these days-but leader
of men of fabulous wealth. Beginning
with an inheritance of $4,000, 900 from
his father. he grew in power until his
pennant tapped over the heads Of fol-
lowers whose aggregate wealth totalled
nearly $4,000, 100000.
While the exact amount of Mr.. Nor
gan's wealth always has been shrouded
In doubt, 1t has been generally known
that it fell far beneath the huge sums
accumulated by John D. Rockefeller
and Andrew Carnegie. and even many
lesser "rich men" Of the country. But
the immense Morgan organization.
in its extent. carried with
It more power than monster fortunes
During the tumultuous times of the
panic of 1907, Mr.. Morgan dragged the
great fortunes of the world through
the marts of finance, powerless at his
chariot wheels. And for days he Was
virtual dictator of the finances Of the
civilized world.
Unlike many modern financiers Mr.
Morgan was not born poor man. His
were not accumulated with
that absorbing attention to detail that
marked the growth of the Rockefeller
millions. His father, Junius Spencer
was a wealthy New England
banker. and the father mapped out
great financial future for his son.
As a boy Mr.. Morgan attended high
school in Boston and later studied for
three years at the University of Got
tingen. Germany. His active business
career began in 1859, when he became
q clerk in the banking house of Dun
can, Sherman & Co., one of his fathers
chain of banks. A short time later he
left this firm and organized banking
house of his own. known as Dabney,
Morgan & Co. This concern later be-
CONTINUED on page five.)