New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-01
Duties OF Other Partners.

IFN1NlF ffOWUOiIlf NJ iiiHi -
and Horatio Lloyd have the departments
OF bonds. railroads. steamships and I'M
ternational banking. They do not come
in for as much prominence as the other
members OF the firm. but their duties are
no less exacting and important They
have TO keep In touch with the coffee
situation in Brazil. rubber Developments
in the Orinoco. the Amazon and the AZ
rican fields: the political and industrial
DEVELOPMENTS not only in England.
France. Germany. Russia Turkey. spain
and all Europe. but IN China. Japan
India. Persia and other distant sections
OF the world They watch trade ana
TRANSPORTATION the world over. The Nor
gan railroad interests In the United
States ere colossal The reports Of these
properties have 10 be gone over with the
greatest care The period Of consolida-
ton is past Tho duties Of these men arc
TO safeguard and strengthen the organ
cations that Morgan has created.
Edward r. Stotesbury makes his head
quarters in Philadelphia and manages the
FIRMS interests there, where the Morgan
bank Is known as Drexcl q Co Like
Dawson. Mr. Stotcsbury is q product oil
the public school. He has been with the
firm Of Drexel 4 co. since he was seven
teen wears old He is one OF the best
Informed men IN America regarding coal
and TRANSPORTATION. He has large per
sonal interests I'm the Lehigh and Read
ing coal fields. He probably has as wide
general knowledge as any man ~ the
house Of Morgan. He has managed me
Philadelphia branch with great abihty.
He would have made a wonderful railroad
official. would have been fine success
as an insurance president or steel man.
His Judgment is excellent and ms sue
cess has been astonishing. Next To lis
late chief he is probably the richest man
IN the house OF Morgan.
Rut no one in the banking house meas
,1red M TO Mr.. Morgan. He was won
der. He had Imagination, DASH courage.
comprchension and ability To a surprising
degree He had the largest and most
Ioval following that any banker IN the
history OF the world has possessed. lie
could control more money than any other
man I'm the world. lie was rare com
bination OF philosopher. merchant imam
cier and monopolist. He made ten thou
sand mon rich He was impcriOus ana
ne was "A plain and very companionable
man He made lot OF mistakes, but his
mistakes were forgotten because ms
successes were so many
He made sorry mess OF the lniefna-
,ional Mercantile Marine merger. and ne
ala moi do very well I'm his control of the
Erie and the Southern Railroad consoli-
datiop has not brought much profit to his
followers but the fortunes that were
sbowered upon those who followed his
,oadership i'm General Electric. I'm Read
inc In Steel and in various other railroad
and industrial operations and In hundreds
az bond ISSUES have made people forget
,hc instances IN which he erred lie was
yorv tender about his reputation. and 1t Is
ronorted that he had taken care OF most
of the neople who met loss through fol-
lowing his advice. The formation OF the
United States Steel Corporation VIII stand
as his greatest work. and Justly so. for II
is the biggest corporation in the world.
II is doubtful If any other man IN Amer
lea could have brought the conflicting in
terests together. LAUNCHED the enterprise
and carried IL through to success.