Bisbee daily review., 1913-04-01
]. p. MORGAN
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 dents to his money and railroad bus mess are the present efficiency Of the China and Japan carrying trade, the consolidation ef the Western Union Telegraph and the American Bell Telephone company the combina- ton of the coffin producing and steel industries and the launching of the Edison process of magnetic iron ore separation.
 Mir. Morgan was born at Hartford, Conn, April r. 1887 His early school ing opportunities were the best. HeI graduated from the Boston Highl school and was a student in thci University of Gottingen, Germany ! His father was a finaneier of promin- elioe and 1t was not difficult for youngI Morgan to get start in the businessI world. his first experience was in tneI London house of Morgan C Peabody. Going to New York at the age of 23. he fought both Gould and Fisk for the passssion of the Albany X SusqueI hanna railroad and beat those old Ma poleons of finance at their own game In 1871 he became member of the banking firm of Drexel. Morgan G Co, which later became J. P. Morgan & Co, the largest private financial in stitution in the world.
 The history of the Morgan banking house reads almost like 6 fairy tale, so wonderful have been its achieve. ments In 1871 MT. Morgan GreateG 6 market in Europe for s250e90e0 ol New York Central stock and sold I. there at a profit which amazed old 1 Commodore Vanderbilt. h 1SST he handled an issue of $260,000,0O0 of cf government bonds in preparation for putting the national currency on a gold basis. in 1880 he provided s40.O00. .0UO for the extension of the ] Northern Pacific railroad to the Pa ciic Coast In the same year he was instrumental in the reorganization oi the Reading railroad and the BaIu- more S Ohio, involving the loan of S10-OO0 ,e0e In 1893 the Southern Railway was created out of the Rich mond Terminal and allied lines. In 1885 he rehabilitated the Erie road. Two years later he put the Lehigh valley on its feet and brought about the soft coal combination. In 1892 he performed one of his most remarkable feats. IE company with August Bel mont he undertook to and did main tain the gold reserve in the federal treasury. although he performed the impossible. the suspeDding Of the laws Of exchange in order to accomplish the result
 Despite lie of strenuous endeayor Mr. Morgan found time for other things. He gave away millions in charity, but nothing pertarbed him more than to have it mentioned 10 him. lie was Q devout Christian and vestryman of St. Georges Episcopal church, where he could be seen every Sunday morning when at home pass ing the silver salTer for the collection
 He took an active interest in the Metropolitan Museum of Art, and pos sessed one of the most magnificent private galleries in the world. deep student of medieval history, he col lected many relics Of the past, inciut- iug a Bible for which he raid many thousand dollars, while at one time he bought a cope which was stolen from Italy and when the news of the thelt leaked out showed his nagnauimity by returning it to the original own CTS free Of cost
 During all his years Mir. Morgan enjoyed life to the utmost He vas passionately fond of dogs. and his kennels at CragstOn were the wonder of breeders the world oyer He roce and shot and aGgled enthusiastically, and was fond of yachting His yacht Corsair was one of his fayOrits recre- ations. He belonged to numbsrous 8 cieties and clubs in the United Statts and Elrope.
 It is impossible to estimate with any degree Of accuracy the size Of the Morgan fortune. IL has been Taf- iously estimated in recent years at from 5000 900 10 S200j39, 100000. F it is anywhere near the latter figure, ft is equally true that he has made as much for others.
 In 1861 MT. Morgan married Miss Amelia Sturges, who died the follow. ing year. In 1885 he married Frances Louise Tracy, by whom he had one