The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1913-04-04
Decline Tracedt to Money
Trust Investigation.
Financier Dies in Italy at 1905 p. NJ,
Monday, After Week of Serious
Iilness-Had Been uncon-,
scious and Failed to Rec
ognize His Relatives.

New York, April IL. Pierpont Nor
gna is dead. He died at 1905 p. M,
Rome time, Monday. This announce
ment was made by the offices of ]. p.
Morgan & Co. a few hours after the
great financier's demise
Mr.. Morgan died at the Grand hotel,
Rome. Announcement of the death
was not made to the awaiting news
papermen for some time after the end
came, the information being held up
until private cables could be sent to
the London and New York houses of
the Morgan firm.
End Comes Peacefully.
The end came peacefully, while Nor
gan was still unconscious. Herbert l..
Satterlee, Mrs. Satterlee, daughter of
the financier; Professor Bastianelli,
Drs. Starr and Dixon and other mem
bers of the Morgan party were at the
bedside, but for hours before his death
the banker gave no sign of conscious
ness
Mr.. Morgan's illness began while he
was on trip on the Nile.
Henry p. Davidson, a member of the
house of Morgan, who made the first
announcement concerning the death,
said merely that he had received
cable that the financier had passed
away shortly after noon. Mr.. David
son had planned to go abroad at once,
but it is thought probable that this
trip will be postponed.
In Bad Health Here.
Coincident with Mr.. Morgan's death
it became known that he had suffered
q serious attack before his departure
for Europe, but rallied so rapidly that
it was not considered forerunner to
fatal illness, and was known only to
his most intimate friends.
For many years Mr. Morgan spent a
considerable portion of his time
abroad on this trip for the first time
he severed all connection with bust
ness affairs and permitted his partners
TO shoulder all responsibility for their
conduct. 1t was the first instance of
his taking such a complete rest since
he had entered the banking business
in this city before the civil war.
Will Not Affect Market.
Prominent Clnkers in this city said
that they did not expect any decided
unfayorable effect on the stock market
because of Mr.. Morgan's death. The
reason of this they explained was be-
cause of recurrent rumors of his seri-
Gus illness had prepared the market
for any possibility and enabled those
engaged in market operations to pre-
pare for just such a situation
The condition of ]. Pierpont Morgan
was serious at 10:45. He seemed to
have lost consciousness and did not
recognize his son-in-law and daughter,
Unable to Talk.
The financier was unable to answer
questions even with signs. Drs. NJ. AL
len Starr and George A. Dixon and
Professor Giuseppe Bastianelli visited
Mr.. Morgan for over an hour this morn
ing, examining all his organs minutely.
Artificial feed was administered in
their presence, besides injections aim
ing to strengthen the heart, calm the
nerves and regulate circulation.
At half past eleven Mr. Morgan's
condition was announced to have be-
come still worse. He had not been
able to assimilate the artificial nour-
lshment administered earlier in the
morning. His pulse had become more
rapid and his temperature was rising.
Hannerous Svp,nton,e
It was said by his attendants that
the increased pulse and the higher
temperature indicated some affection
which either had not been detected by
his physicians or had been kept Sc
cret by them. At a quarter to twelve
the financier was still in a state of
coma.
The physicians in attendance on
Mr.. Morgan issued the following bull
tetin shortly before noon:
Mr. Morgan has failed very rap
idly since Sunday. He is unconscious.
His temperature is 1041a; his pulse
140 and his respiration As.
''The question of his death is only
one of hours.
N9lSneu.)
PROF. GIUSEPPE BASTIANELLI,
DIR. NJ. ALLEN STARR,
~DR. GEORGE A. DIXON"
Money Trust Probe Cause.
DR.. M. Allen Starr of New York.
called into consultation at Rome with
]. Pierponts illness, attributed the
inancier's breakdown to emotion
caused by the investigation carried
)ut by the Pujo committee at Wash
ngton into the operations of the
money trust
Half Century a Banker.
No man of recent times has occupied
bigger place in American financial
history than John Pierpont Morgan
de was in the banking business for
more than half century, and during
he latter years of his life he was un,
uestionably the financial dictator OF
lie United States.
When a panic seized Wall street in
sol. during the struggle for the CON
-ol of the Northern Pacific railroad
was Mr.. Morgan who came to tht
escue. Again, when similar condi
ions prevailed in the fall of 1907, II