davidaulloa/AmericanStories huggingface dataset:
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-01

patient and considerate. Decisive in
expressions OF opinion, he was at the
Time, willing to listen to the opinions
OF others, and not imtrequcntly yield
cd TO them.
lie had the courage of a lion and
the heart OF a woman His affection
for others was not always spoken,
but was evidenced in thousand ways.
Only those who knew him most inti-
mately were aware Of his feelings OF
sympathy for those In distress, or his
acts of kindness or generosity towards
them His private donations were
large and lnnumerable.
AS a financial leader. he was we'll
known throughout the entire world.
lie was a giant. One feature l may
emphasize, as coming within personal
observation: His first inquiry in eases
of financial stress, related TO the effect
anything proposed might have upon
the welfare of the people at large.
On such occasions. he was wholly I'M
selfish. lie would risk his health OF
Tortune for the benefit of others
The details of his business life. II
stated. would ampiify and more than
Justify the brief references have
made. AS time goes by we shall ali
see more clearly MIR. Morgan as the
great iinancicr, the loyal patriot. the
true friend, the lovable character the
foremost citizen We are distressed
ny his death, hut we glory in hts
achievements"
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-01

man consistent with the growth
of the country and population.
Curious as it may seem. however.
the more clamor there was against
his methods the more he was held
in esteem by writers of note and
educators who had occasion to re-
view his works.
Prevents English Grab.
At one time English capitalists,
seeing favorable opportunity
through adverse conditions In this
country to grab the West Shore
Railroad, thereby establishing
footing for still greater grab,
asked Morgan to act rs their agent,
in that manner covering the identi-
" of those who were to be the
real owners. Morgan turned down
an opportunity OF making several
millions by refusing. Then he
saved the railroad 10 American
ownership by taking II over him
self. quietly and quickly, and turn
ed it over to the New York Cen
trail by perpetual lease.
AT another time he discovered
that the country was being de-
pleted of gold by a clique. OF men
who were amassins great wealth
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-01

loafer, had he liked. and his en-
trio lifetime would not have been
long enough TO allow him TO spend
tho millions his father had amass-
cd for his benefit. But this kind
OF life did not appeal to John
Morgan.
AS clerk he paid strict atten-
ton 10 the firms business, and
he minded his own business. not
speaking unless he had some
thing 10 say, and not wasting time
70 listen to others who told some
thing not worth while hearing. He
had set out TO he a builder. not a
tearcr-down. and he needed every
minute licked away by the clock.
His Remarkable Ability.
He evidenced remarkable ability
as a clerk. Here his training stood
him in good stead. 1t soon became
apparent that he was fully capable
OF acting as the agent in the United
states of the London firm of Pea
body * Co, bankers, in which his
father was Interested. This was
in 1860. Il period when level head
was necessary in the banking bust
ness.
Your years later he became a
member OF the banking firm of
Dabney. Morgan & Co, Investment
securities, and his name became
known to financial people in New
Nork. AS matter OF course, il
always was familiar with people
OF business because of the great
Morgan fortune. but John Morgan
was now recognized for another
reason--his business ability. In
1871 the firm OF DreXcl, Morgan X
o.. banker In 40,
afterwards became j. l.. Morgan
~ Co. the firm of the present
1t is needless to say that the firm
is the greatest in the country. and
that its branches In European
centres are powers in the money
markets OF those places j. =.
Morgan is n name that is instant I
" associated by old and young
alike with money-great stacks OF
gold. And then the feverish, super-
ilcial nature of people busy with
their own affairs considers neither
the name nor the man any fur
Their.
This estimate OF the man never
did him Justice. 1t often caused
adverse criticism. for his methods
were often attacked. His organ
ization of giant corporations has
furnished the most strenuous cx-
amples of bitter attack, both on
political platform and in the public
press. This is all matter OF
opinion. and at this time is care
fully excluded
Morgan did organize giant cor
porations. He extended railroads.
he opened new territories, he made
possible commerce, which in all
reason had 10 he enlarged by some
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-01

culation and accomplishment. In
the same year he secured the
American subscriptions to $50,
100000 British war loan.
But r was during the bankers
panic Of 1907 that Morgan rose to
supreme command OF financial
America.
Like an absolute monarch he sat
in his marble library in New York
surrounded by the money kings OF
lesser empire. debating to them,
and sending them forth to carry
out his will.
His the stcndyinE Hand.
At time when banks and trust
companies wero topr,ing all about
him. II was his steadying hand that
was stretched forth TO save. not
all OF them. but those which he
decrccG should survive Practi-
cally speaking. the life OF nearly
every banking and financial ins.i-
tuition in New York was in his
hands. He held the balances, pass
ing ont his sentences OF financial
life or death in quick staccato
tones.
His friends say that the work
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-01

John Picrpont Morgan was so
,aciturn. so gruff to those not nc
uuaintcd with him. and so opposed
to being Interviewed. that little
or value for n depletion or his per-
son;uity was ever secured. He talk
cd by his deeds, and by his deeds
lie was measured i'll type. And so
often was he measured In this
manner that II WAS difficult TO tell
new things. Only the most care
full perusal Of all available records
OF this captain OF captains of n
nance made i'm possible to shane a
foundation for the story OF his
life.
AIR Morgan. when he first saw
tho light OF day ia Hartford. was
even at that time destined to bo :,
rich man. He was to the purple
born, aud willie he was a mere or
binary schoolboy. a great fortune
Was being accumulated by his
father as n starter for the son.
rs the boy, Morgan did not con-
Germ himself with ANYTHING more
tnan studying Mt school. which lie
old in plodding fashion. and
having a good time. He laid the
foundation for splendid health and
great physical strength ny hunt
Ing and fshing, swimming in Hog
River. Il dirty little stream which
sllirted his home. and building
RATS upon which he vcntured up
on the broad bosom Of the Con-
nccticut
Goes 10 German University.
When he plugged his way
through the grammar school, he
was packed OF TO Boston. where
no went through the same routine
IA high school. This finished. his
father, without emotion or cnthu-
sinsm. Informed him that seat in
the University of Goettingen. Ger
many, had been prepared for him. =
And tho son, with no more display
Of feeling. Went TO Germany.
When he had finished his studies.
he returned TO this country TO
find desk awaiting him in the
banking house OF Duncan. SHEER
man & Company.
He already had considerable
technical knowledge Of banking
matters, and keen knowledge
Of affairs OF the world, for he
was close student OF conditions.
Ills father had been a banker. and
he possibly regarded II as GER
AHtHt t'ii tiiS iiS SSiLoo'utS :, tllal
he. as a matter OF course. was to
follow the same course,
Right here may be described the
most remarkable of all traits in
NIorgan's lifc-that is, that he
was worker. IL was not nee
essary for him to become a clerk,
n full nedged banker at once, or
ANYTHING else than a man of lei
sure. He could have been a rich
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-01

man." said big Wall Street banker
to-day. lie has been 10 my house
and I have been to his many time,
but TO this day can't claim an init
mate acquaintance with him Although
he belongs 10 half dozen or more OF
the big clubs to which belong. I don't
recall ever seeing him in more than
one or two of them, and then very
seldom indeed. He is home man.
He seems 10 prefer the society OF his
wife and growing family to that OF all
other forms Of diversion after the hard
days work is over"
year after his graduation from
Harvard in 1889, Jack Morgan mar
ried Jane Norton Grew, member of an
aristocratic old family OF New York.
They have three sons and one daugh-
ter. The eldest, j. S. Morgan. named
for the grandfather OF Ills father, is
now a freshman at Harvard
Mr.. Morgans clubs are numerous
Among them arc the metropolitan.
Union. University, New Yorl. Yacht.
Harvard, Racquet. Tennis and Century
in New York and 81. James and city
of London. he maintains three resi-
dences His town house is nj 231 Madi-
son Avenue. His country place lis on
oyster Bay, Long Island. Ills London
residence it AT IL Grosvcnor Square
Experience Abroad.
Soon after his marriage. in 1890 AIR.
/ Morgans father sent him to the FIRM
banking house in London to serve his
apprenticeship There he remained
i've years. During his service there
he handled tile transaction involving
the payment of tho s4G,0U1, 900 this
government paid the foreign owners
for the French Panama Canal.
In 1905 he WIS intrusted by his
father with exclusive responsibility
for negotiating the great bond loan
for Russia. which the house made in
that year President Roosevelt APP
pointed him first secretary OF the
American embassy to the coronation of
King Edward. After this experience
in foreign business and diplomacy, no
was called back to New York. and be-
came partner and vice president in
both the Morgan banks mere and in
London.
Although fond OF outdoor sports.
MIR. Morgan recently complained to q
friend that for the last two or three
years he had found it. virtually i'm
possible to indulge his taste in that
direction. About tho only outdoor
sport he now enjoys, TO any consider
able extent, Is that OF Yachting and
motor boating in the waters near his
Long Island home. There he keeps
several lugh power motor boats, and
when he goes 10 his country place Tor
the summer, he and his family, occa-
sionally accompanied by few guests
spcnd nearly every evening on the
water He is an expert hclmsman. as
is also his wife, and they usually run
their motor boats themselves. The
club no most frcQuents I'm this city
is tho New York Yacht Club, though
he Is not often seen theye.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-01
Life History Of Country's Greatest Fiinancier.

Ib M f hnat Hartud
mPupont
educated n e nlo
the University OF GHge
o
banking ~ Duncan sherman
Amelia Louise Stges SO
Hn eso and
member
o dur President
d att securities Unded
amonth 500O0Ooo
t lwa
h
million
t swnhh .
n ii by
ngc
t uF c
collection o
k a string veyvntmch
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-01

testimony was. in erect, that there
WAS no money trust. and that
there could never DO one. thi.
despite the fact that testimony was
adduced showing that the Morgan
interests controlled through inter-
locking directorates SiIlions or dol
lars Invested In sixty one large
Industrial and banking businesses
throughout the United States.
great deal OF tho Morgan for
tunc Will be found to have gone
back TO the people. 1t may BIO
that he did not let his right hand
know what his left hand was
doing. but. aside from his giving
Sl,500,000 for Il hospital, his ben
eractions would not be covered
with $4,000. 000-that Is, his known
bcncfactiona.
Mr.. Morgan was commodore of
the New York Yacht Club. and tho
yacht he constructed for the or
ganiZation was twice successful in
Keeping the cup in this country.
lie liked the water, and after turn
ing The reins OF business over to
ms son. j. Pierpont Jr., he sailed
the ocean in his magnificent pri-
vate yacht. In Europe, he was the
guest OF royalty, for tho Kings OF
the Old World recognized him IA
one Of the most remarkable men
in the world. il, indeed, not tho
most remarkable in the world OF
finance
On these trips Morgan was con
stahtly on the lookout for raritie3
winch he could give to INSTITUTIONS
IN America. He made Invaluable
Ellis To tho Aneri,..,,
Natural History. the Mctropclitan
Museum of Art and the New York
fublic Library. Ills private col
lection OF pictures. books. manu-
scripts, curios and bronzes arc
worth I'm themselves princeIy
fortune.
Member of Many Clubs.
Mr.. Morgan was member OF
many clubs, both In the United
states and abroad. Among these
were tho Union. Knickcrbocker.
Union League. metropolitan. Gem
tury. New York Yacht. Sewnnhaka.
Corinthian Yacht. Tuxedo, RACQUET
and Tennis. Riding. Church. CITY
MIDDAY. Players. Grolicr, JekyI
Island. Turf (Ncw York City1.
Metropolitan Cwashington).
He was also president OF tbs
Metropolitan Museum OF Art, New
York city.
Mr. Morgan was married twic.
His first wife, Miss Amelia Sturgos.
died In 1862, the year following
her marriage to the financier. In
500 he married Miss Louise Tracv.
who bore him ono son and threa
daughters. MIR. Morgan had eleven
grandchildren at the time of his
death.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-01

by shipping 1t to Europe. He
stopped the leak. rcorganizod tho
system of shipment, and was then
made the subject of congressional
investigation. which should more
properly have been made OF tho
clique he broke. Ho clearly and
conc:selY answered every question
that was. put to him by the invcsu-
gators.
During President Cleveiand's ad-
ministraton 1t was decided that a
bond issue OF s20O00.o0 was neces-
sary. Morgan undertook the task
and it was noated He made
money. of course. That was what
ne was in business for. But at
that time the whole world looked
on with wonder at the ease with
which he accomplished task that
no other banking firm was willing
TO undertake.
In 1901 Morgan noatod the Sc
curities OF the United Steel Cor
poration. which was capitalized at
si,l00. 100000. The amount was al
most beyond the ken OF ordinary
mortals. but with the great imam
cicT II was merely matter OF cal
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-01
CAN NEVER FILL
PLACE he LEAVES
Judge Gary Pays Remarkable
Tribute to Dead King
OF Finance.
IS ASSOCIATES MOURN
He IS Viewed i'll Many Respects
as Greatest Man OF
the Age
Especial TO The Times Dispatch

Especial TO The Times Dispatch
New York, March 3l-Judge Il. II.
Gary, chairman OF the board OF direct
ors OF the steel Trust said to- day.
None OF Mr.. Morgan's business as
tcciatcs viii mourn his death more
iham those who are connected with
the United states Steel Corporation
were always influential in the cndelVor
10 establish ana maintain a reputation
Cor fair and honorable treatment to-
wards all VINO might bee affected by
Tho decisions ana conduct of the cor
poration. Ills Death Will leave a void
that can ne>rcr--oc filled; and yet no
knew that If he should b. taken away,
his recomme ndations and admonitlona
would never be forgotten or disre-
sarded. lie had the respect, the con
hdencc and the affection of everyone
connected with the corporation.
Mr.. Morgan was {. colossal figure
->h-inall. III was The greatest man or
the agr. Doubtless different people
'ieWinS him from different staudpoints
ana experiences. viii be able TO re
late special features of morlt. bnt All
VINO knew him VIII agree upon many
essentials, Prominent ia his charac-
:cristics were the bgness OF his brain
ana os his heart The breadth Of his
N'7''ll ana ti'e h"snneSS OF his per
ceptton Were also Ionspicuous HIS
ability 10 immcdiately grasp and un-
dcrstand the controlling elements of
the most difficult problems was IN
sul Passed.
I'm considering ana deciding cues
rona Of the greatest moment he vast
90 no time nor words; ana. 50 FAR as
know. he never favored auy conclu
SION thu; nigh, involve moral urpi
iNae never knew him to do OF
saS ANYTHING that seemed dishones,
or moan.
Contrary, perhaps. to tie opinions
Of some. who did not know him wei
ne was q very patient man Vigorous
ana restless and determined as he an
Pctred at times, ne was, nevertheless
1ihd"r the most trying circumstances
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-01
Cnrncrlc.s TrIt,ute

Especial 10 The Times Dispatch.
New York, March 3l.-Andrew Car
negc said to-day:
we have lost our foremost financial
maSnate, who inspired confidence, and
ncncc could gather round him the
ablest and best councillors during
financial panics and thus prevent abb
solutc ruin though after enormous
losses TO which under our financial
system. or lack % system. We alone OF
all the great countries, are exposed
More than ever since our great
leader is gone is an agency needed to
do 70. ;his country what the Bank
Of England and Bank OF France do
for their countries before panics spread
as ours do
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-01

no did during this trying period
will rebound to his everlasting
honor.
Even the government at Wash
inSton looked upon him as the one
man who was capable or throttling
tho dragon of panic, and practi-
cally all the resources OF tho
United States Treasury wero turn
ed over to him 10 do with as ne
saw At and proper.
An instance OF this was the pour
ing out OF $25,O0O,0Oo upon the
Moor OF tho Stock Exchange to
save that institution from utter
ruin on that memorable BLACK Fri
day In 1907.
This money was conjured from
somewhere by ]. p. Morgan. No
ono knew from whore. Later 1t de-
velopcd that tho money had been
taken out Of the United states
subtreasury and turned over to
MIR. Morgan.
AS n great lover OF art Mr.. Nor
gan spent much money in collect
ing, but he always played fair.
After paying fortune for the
famous Ascoli cope, he returned
1t to the italian government as
soon as he learned 1t had been
stolen from its place In an old
church.
lie possessed n rare copy OF tho
Bible, the famous Luther Bible
lie had spent Il vast fortune to
possess y. bidding more than any
OF his rivals could afford to give.
When he learned that Emperor
William OF Germany was one
Of those whom he had outbld for
the precious volume. however. he
promptly presented 1t to the Kali
ser.
For these two acts of scner-
osity he was decorated by the
Italian government and by tho
German Kaiser
Because OF The heavy duty on
works OF art coming into the
United States, Mr.. Morgan had
kept the greater part OF his col
gross. however. passed law re-
moving this duty, and In the spring
q. 1912. the great collections Of
the American financier. which were
assembled at his two homes In
London and at Paris. and valued
at more than 100000. were
packed UP and shipped TO New
York
The greater part OF this collcc-
t!on is now to be seen In the Me
tropoiltan Museum of Art
Denied There Was money Trust"
Later. during the investigation
Of the so-ca1led money trust" by
the Pujo committee. House Of Rep
rcsentatives of 1913. MIR. Morgan
VAS called TO the stand. where his
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-01

vited. bulked his huge frame in this
double doors at the head of the stair
way leading from the street and turned
back nearly everybody who tried 20
gain access to the bank. Only those
whose faces were well known to him
We're permitted TO enter. From the
stock Exchange building across Broad
street and Il score OF banks and brok-
.rase AoGAes Ia The vicinity flags were
Immediately droppco 40 ha.t-rnast as
token OF the King Is dead
4. f!erPont Morgan. Jr., did not ap-
pear at The bank during the day.
Henry = Dawson. one of the Morgan
partners. volunteered this statement
about noon, beyond which the firm
would say nothing.
In answer to the many inouirics
received. j. = Morgan Il Co state that
Mr.. Morgan's death viii occasion no
change in the firm; that is, his inter
ests VIII remain and the business be
conducted AZ heretofore
In little willie, Mr. Dawson hur
ricd back TO the Morgan residence
leaving to Mcssrs. Steele Lamont and
Porter the direction OF whatever nee
essarY business should come up for
sttentio during the day. il WAS later
stated by MIR. Lamont that the bank
would probably remain closed for two
or three da%s, except for tho trans
action OF such routine business as may
demand immediate attention.
Messages From Over World,
From an hour before noon until after
u o'clock in the afternoon there was
Il steady procession of telegraph and
cable messenger boys passing in and
out of the bank They bore messages
from all parts OF the world-message
or regret and of tribute. None Of these
however. was given out at the bank
Ihcy were sent direct to the residence
OF j. l.. Morgan. Jv ne is too much
iike his father said "A member of tho
nrin, to permit these condolences Ia
be published He probably will taks
the view, as doubtless his father would
have done, that they belong exclu-
siNely 10 the family and that to pub
fish them would rob them Of their real
value"
after IT had become generally
known IN the financial district that no
further announcement than the tcrsa
one given out by Vice President Davi-
son would be forthcoming during the
day, thcrc was mal.ed falling off in
the number OF callers nj the bank
Among the first to appear soon afte.
the news of the deatn a Rome had
become known was Judge Ebert II.
Gary. executive head OF the United
states steel Corporation. which tho
dead banker had conceived ami
financed. Judge Gary was accompa
MED by Norman b. Reain a director
OF the corporation. Neither OF them
would make a statement. Both showed
deep emotion
In tho afternoon Judge Gary issued
a statement.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-01
Gaynor,s Statement.

Especial 20 Tho Tlmcs DIST patton.
New York, March 3l.-Mayor Gaynor,
when Informed IF }. e. Morsans death,
to day said:
II scarcely knew Mr.. Morgan. ] saw
hIm once AT AN annual Chamber OF
Commerce dinner and once at an an
nual meeting OF the trustees of the
Museum OF Natural History. never
mad anE business with him. public or
private and never converscd with him
ON amy such matter, nor with any
representative of him
And yet that portion of the com
muniiy which IS fooled from day 60
day by certain false aud corrupt news
paper propriotors have been OF n cor
'rary notion. ] suppose. II these news
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-04-01
DEATH ANNOUNCED
IN SIMPLE MANNER
Plain Sheet OF Note Paper on
Door OF Bank Conveys
News to Crowds.
AT STREETS BUSIEST HOUR
1T Was as He Would Have Had
It," Half Sobs One OF Nor
gan's Partners.
Especial 10 The Time.-n!spa,cll

Especial 10 The Times Dis patch.l
New York. March ST.
Closed,
On account of the death of Mr. }.
Pierpont Morgan, whic> occurred In
Rome Mt noon to-day. March ~. 1913.
y plain white sheet OF note pa per
pasted on the glass door OF the en-
trance OF the worlds greatest financial
institution, at the corner OF Broad
and Wall Streets. thus announced the
death OF j. pierpont Morgan. II was
put there about 10 o'clock this morn
ing. Not a shred OF Grape or other
of the conventional symbols OF death
were displayed with the brief notice
1T was as Mr.. Morgan would nave
had IT. half sobbed one OF his par.
ners when attention was called 20 the
simplicity and, withal, the business
like character OF the great banks no.
tice TO the world that it's master mind
mad ceased 10 guide its world wide
activities.
Crowd surecx About Rnnk.
It was at the hour when the correr
Of Broad and Wall, the very seethlns
centre OF Americas financial mael-
strom. was most crowded Bankers.
brokers. clerks. s4eno Graphcrs and a
motley crew OF other frequcntcrs OF
the district wee hu"rying to their
duties A few minutes later It was
necessary to call a small detachment
Of police to discipline the crowds,
which grew thicker every moment. and
every member OF which seemed de-
termincd to read with his own cycs
the brief announcement
big Jim" McDermott, who for n
decade has guarded The portals of The
bank, and one OF whose chief duties
ii has been to prevent intruders from
breaking in on Mr.. Morgan at his
plain. hat-top desk unless especially in