The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1913-01-07

iiSlon. q dOdQerlnE Old maj who teS-
tined that he has nothing to do with
the business OF his firm any more.
John D. Rockefeller, once master
broadway.
Andrew Carnegie has withdrawn his
connection from steel.
With these past masters in the art
OF high finance out Of the way, the
mind naturally inquiries, have these
men successors. and who are they?"
In View OF these circumstances some
facts about the men who will succeed
to power In Wall street will be Of spe-
|cial interest. Concerning these heirs
apparent L. y. Mcgrcgor Of the Bank
'eGs' magazine writes:
There are four men who may be
considered typical. of this new gener-
alton in Wall street. They are Henry
y. Davidson and j. Pierpont Morgan,
Jr.. of the firm of J. p. Morgan & Co.;
Frank \. Vanderlip of the National
City bank. New York. tho largest bank
in the country. and Mortimer Schiff.
son Of Jacob II. Schiff of Kuhn, Loeb
q Co.
Henry P. Davidson Of J. P. Morgan
& Co. is a young MAI who has come
up largely through sheer force OF
character and ability.
He once held the ordinary position
W PdSlAS eCIleI Ill Il DdUh.
Davidson, young as he is, is EN-
trusted with personal oversight Of
some Of the biggest Morgan UNDER
takings, and in carrying them out he
has become quite a globe-trotter.
1t is related that somebody sougn;
TO get Mr.. Davidson on the phone
once, and was told that he was in
weeks later this man called up again
and was told. MIR. Davidson has been
here since You asked before, but now
he's in London"
That is Mr.. Davidson's way. He
handles one big thing at a time to the
exclusion Of everything else. and time.
distance and money mean nothing to
him in accomplishing what he has set
out to do.
Decision is one Of the marked char
acteristics of this man. The lines Of
flrmness around his mouth are UNI
mistakable. He makes up his mind
with a snap, and then he sticks to hi
decision.
But this pond became too small for
Davidson to splash around in, and he
oined the colony on Long Island,
twhere the people are multi-million
aires. instead Of just plain million
aires as in Englewood.
Persons who know him well. say
SIC . ~ . 81 SA1P VI
the old block. albeit a 45-year-old
For one thing. Morgan, Jr., is aversc
to publicity. Probably he will be very
much provoked when he reads this
humble screed. But he is especially
averse to publicity of the sensational
kind.
Mr.. Morgan. Jr., ia a real, II unob-
trusive. force in shaping the policy of
this great firm which has over $780,
O00.0 600 of tbs customers none on
deposit and whose transactions run
into hundreds Of millions annually.
His case is one Of the comparative
big man compares at all favorably
with the father in the point Of brains
and genuine capacity. The younger
! Morgan has a good deal Of his IA
TIERS broad-visioned intellect as well
as the same keenness OF eye and firnl-
ness of jaw.
AS for Morgan'a private life. 1t is
conventional and above %reproach. He
lives in quiet elegance on his Long
Islar, estate and liz Interested in pub
lie welfare. but avoiding h linleligkt
is one Of his most active endeavors.
BY way Of contrast to the younger
Morgan Is Frank A. vanderl e Of
have won their way to fame and for
tune.
From a farm boys chores to the
presidency of the biggest bank in the
country is a good sprint. but Mr..
Vanderlip has covered 1t and he Is
lyet in his early prime. His career
lis an inspiration to every ambitious
|young man.
Born in Illinois, young. Vanderbilt
when he started ont to battle with TIE
world naturally went to Chicago.
where he became successfully a ma
|chanist. a stenographer. and a news.
paper reporter.
Young Vanderlip was summoned To
Washington to become assistant sec.
rotary Of the treasury. Thence he
came TO New York to be vice presi-
dent OF the National City bank. and.
shortly. succeeded James NJ. Stiilman
as president Of that mammoth insti-
tuition.
From the very nature Of his self
development nnd experience. Wander
lin has a thorough knowledge OF mary
phases Of American life and hi.
pathies are broad. Notwithstanding
his manifold duties this remarkable
man finds time to do a lot for the
welfare of hundreds Of employees.
There is no red tape TO be unwoun!
il o wish TO see VANDERBILT on busi-
ness. The vast. open lobby Of the
National City bank symbolizes the
easy access one has in reaching the
president Of the institution.
Mortimer Schif3. like young Morgan
lis his fathers SON.. But Just az the
scriptures say that it 10 easier for a