The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1913-04-29
MORGAN STORIES.
The Great Banker, Blunt and
Gruff, Could Enjoy a Joke.
HIS KEEN SENSE OF JUSTICE.


Employees and the Rebuks He Ad.
n,inistersd to Wall Street Shark.
Most people who knew J. p. Morgan
knew him as man blunt to the point
OF gruffness, yet he had keen sense
Of hunior. This is recalled by the way
he appreciated 30 well the joke of a
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.
"Thats So" said the Irisbman, but
! don't mind. earn $50 a 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 yon mean,' he demanded
''by telling this gentleman that pay
you $50 weck?"
81 never told him anything of the
sort, SIR the man replied. 81 told
him earned $50 week keeping
cranks out, and l think I do"
Well" said Morgan, lighting up.
1--WE won't discuss that now, but just
tell the bookkeeper you are to have $5
more week. And have no more talk
with my inquisitiye friend here on the
private affairs OF the Office"
Every banking house has little pecu-
latiOns 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 his salary was ample for his
needs.
Mr.. Morgan advised him to 60 home
and tell his wife about 1t and see him
In the morning. In the morning he
handed him the amount he was short
after the clerk had said he had told his
wife everything.
Put that where you took the money
FROM" he ordered. "Tt is a loan from
me. I expect you to pay 1t back. None
IL the others know anything about 1t.
Let's see II you can't be a man."
Later the clerk returned the money
to him, with a stammering expression
Of thanks.
"Humph" said the banker. ut was
q bit harder saving than losing It.
wasn't it, Well, now, take 1t home and
give It to your wife. guess she saved
more Of 1t than you did"
The other clerk, unmarried. became
involved through associating with too
lively a group. Like the other. he was
advanced the amount Of his shortage
and, like the other. repaid 1t. Not long
afterward Mr.. Morgan called him into
his Office and gave him three months
notice.
But, MIR. Morgan" he protested
"rm all right haven't taken dollar
Of your money since you gave me an
other chance"
II know It." snid Morgan, "but II
won't be long before you will. You're
travelling with your old clique again"
There is one banker, not Of the sec
l AnA nj 0a In, tvsNn ko ,l,r I>t
never will forget his experience ON ths
"Black Monday" panic. The head OF
one OF the largest commission houses
In the ''street" went to Morgan for aid
1--WE are absolutely solvent" he said
"but Mr. Blank has called loan ON u
for $1,O0O,0O0. We can't make 1t and
must close. Wen pay 100 cents and
have enough left for all OF us. but WI
don't want to sacrifice that business Of
years."
"what security have you gotg asked
the banker.
The broker told him.
"All right I'll give you the money
Send the stun here. Jack. telephon,
Blank want to see him."
II sent for you" rOared the man
who had been up days and nights try
Ing to bring financial peace out oi
chaos, ITO tell you what. ] think about
you, but I haven't the time now
You've been pounding this marke,
ever since this trouble began. trying
to make money when everybody elss
has been trying to help those In trou
bio. You 80 back to your Office ant
stop calling loans. II you call another
enc III break you aud drive you OH
sf business!"
And that settled Il.
| David Dows. In his day one Of th,
great men In the financial district
once said to the banker:
morgan. you see lot OF youni
men aud seem to be able b pick uI
better ones than any man ] know.
want u man whom can trust to lool
sut for my affairs when I am away
II YOU can get me such man I'll pay