Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-04-01
Funeral. Services May Be Held
at the American Embassy
in italian Capital.
FINANCIER'S ONLY SON
PROBABLY CHIEF HEIR
Terms of Recently Made Will I'm
known, But Liberal Public Be-
quests Are Expected.

ROME, April 1.-The body of the late
J. Pierpont Morgan, after it had been
embalmed and dressed, was today in
closed in a walnut coffin lined with
white brocade. This was then placed
I'm a leaden casket and finally in a
third case of heavy walnut with gold
and silver fittings
The United States ambassador has
offered to hold funeral service at the
embassy in pursuance of instructions
received from Secretary of State
Bryan.
No definite arrangements have yet
been made for the transport of the
body to America. but it is understood
that accommodation has been offered
on board the Koenig Albert. leaving
Naples April 4.
Estimates of Morgan Fortune.
NEW YORK. April 1-Estimates OF
the fortune left by J. p. Morgan. as
made in the financial district today
range from s75.OOO.OOO TO $S0O.Io.OO0
this sum including his art collections.
1t is understood that the financiers
will is of comparatively recent date.
but no intimation has been made as to
when it will be given to the public.
Mr.. Morgan's personal counsel declines
to discuss the matter.
Those who shared Mr. Morgan
friendship predict that there will be
large charitable and public bequests
although it is conceded that the son,
]. p. Morgan. will doubtless receive the
bulk of the fortune.
Mr.. Morgans realty holdings were
comparatively small. and by far the
greater part of the estate it is under
stood. win be found to be made up of
gilt-edged securities.
Judging by his former quiet philan-
thropy, those who speculated today as
10 possible bequests thought that the
metropolitan Museum of Art, the Epis-
copal Church and perhaps Yale and
Harvard universities would come in for
handsome benefactions.
Plans for the Funeral.
The funeral plans, it is thought. will
be announced some time today. either
in New York or in Rome.
Mr.. Morgan's last resting place prob
ably will be in the mausoleum in Cedar
Hill cemetery, Hartford. Conn. which
he had erected some years ago in men,
ory Of his father and mother.
When the body OF Mr.. Morgan reaches
here from Rome il is expected the
Cathedral OF ST.. John the Divine,
toward the construction Of which Mr.
Morgan was q large contributor.
J. Pierpont Morgan, 1r., has been his
fathers understudy for years, and is
classed high in financial ability. He
served his apprenticeship in the Lon
don house Of Morgan. Grenfell & Co.
Son Resembles Father.
He is in the forties and greatly re-
sembles his father in facial detail.
build and even in manner of walking.
Like his father. he is quick at reach
ing a determination on big questions,
brusque and intolerant of small de-
tails. His preparation, to take his
fathers place in the business world
has been thoroughly worked out.
The extent of Mr.. Morgans philan-
thropic gifts probably will never be
known. He gave unostentatiously-im
pulsively rather than along the lines OF
fixed campaign. Probably his largest
gift was 81, 100000 toward the building of
the Cathedral of st. John the Divine in
this city. For the founding of the great
I-ying-in Hospital near ST. Georges
Church, of which Mr.. Morgan was a
warden. he donated $1,35OOO0 Harvard
benefited by his munificence to the ex-
tent Of $1,JO,OOo with which was built
the medical school in Boston. Trinity
Europe Pays Tribute.
LONDON. April 1.-The death of j.
Pierpont Morgan is generally lamented
in England, where he spent SO much OF
his time and in which he took such a
great interest.
The London morning papers print ex-
tended obituary notices. IN which Mr.
Morgan's career as a financier. collector
Of works Of art and philanthropist is
eulogized.
u ~l;,
papers devote columns to Mr.. Morgan's
death and unite I'm declaring him to have
been the worlds greatest financier.
mo living man has held such financial
power as Mr.. Morgan" says the Tage-
bla&t, which ascribes the trust develop.
ment In the United States chiefly to him
All the other papers praise him as q
great art patron. and refer to the EN-.
that his death will not affect the bourse.
In any way.
PARIS. April 1.-Appreciations Of Mr.
| Morgan are published In most Of the Paris
morning papers. which call attention t.
his high position in international finance
his benevolence and culture.
The Figaro says: Mr.. Morgan's deatf
will cause sincere sorrow to France. The
French museums possess many proofs o.
his generosity, and the government In
tended to confer upon him the high dis
tinction of a grand officer of the Legion
of Honor on hfs next visit to France"
Tribute Of Stock Exchange.
Business was suspended yesterda,
on the stock exchange while the members
adopted a resolution on Mr. Morgan's
death. The resolution was read from the
rostrum. 1t was the first time in its
history that the exchange stopped work
TO pay honor In this manner. The resolu.
tion said. I'm part:
Resolved. That the death of J. Pier
pont Morgan has removed from America.
large creative activities its most conspic
uously useful figure To the development
OF the resources OF our country he ha.
contributed more than any man of on,
day. His immense constructive geniu,
was devoted not merely to America
finance and industry, but to the wide field
OF philanthropy and humanity. The Who'll,
world has lost wise counselor and 6
helpful friend"
IabOrer is Elected Mavor