Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-04-02

/ Friends of Mr.. Morgan cited an
other reason, in addition to the warn
ing given by his illness, which the fl
nancier's death was not seriously dis
turbing. His career, they said, was
rounded out. He had accomplished
virtually all he started out to achieve.
For some time the Morgan firm had
refraned from large new enterprises.
All that human foresight could die
tate had been done during the last
year OF two to safeguard the business
and financial world against calamity
when Mr. Morgan's last hour came.
New York, April Among the
numerous appreciations of Mr.. Morgan
was one bN Ebert II. Gary, chairman
of the board of directors of the Unit
ed Statest Steel Corporation, the
greatest. OF all the industries organ
lied by Mr. Morgan.
None of Mr.. Morgan's business as
sociates will mourn his death more
| than those who are connected with the
United States Steel Corporation" said
Mr.. Gary. His presence, his counsel,
his efforts were always influential in
| the endeavor to establish and maintain
| n reputation for fair and honorable
treatment towards all who might he
affected by the decisions and conduct
of the corporation. HIS death VIII
leave void that can never be filed
resolution adopted by the Board
of Governors of the Consolidated Ex-
change said:
IT, +ho leatb IF Mr. MorEan his
country has lost a real American citi-
zen who united with his genious for
finance a generous desire to serve his
fellow citizens to the full extent IN
the upbulding and maintaining of
American credits throughout the
world" -
Nothing is knowff as yet as to how
Mr.. Morgan in his will disposed of
his vast estate. j. Pierpont Morgan,
Jr., has been his fathers understudy
for years and is elassed high IN imam
cial ability. He served his appren-
ticeship in the London House of Nor
gan, Greenfell & Co. He IS IN the
40s and greatly resembles his father
in facial detail. build and even in
manner of walking. Like his father,
he is quick at reaching determine
ton on big questions, brusque and IN
tolerant of small details. His pre-
paration to take his rather's place in
the business world has been thorough
~ worked out.
The extent of Mr.. Morgan's philan-
thropic gifts probably will never be
known. He gave unostentatiousiy-
impulsively rather than along the
lines of a fixed campaign. Probably
his largest gift was s4,500,000 toward
the building of the Cathedral of st.
John the. Divine in this city. For the
founding of the great lying in hospi-
tai near St Georges church, of which
Mr.. Morgan was a warden, he donated
81, $50 900. Harvard benefited by his
munificence to the extent of 81 500 900.
with which was built the medical
school in Boston. Trinity College was
given s250,000 for a library
If the accounts of Mr.. Morgan could
be seen, it is said, they could disclose
the names of numerous persons whose
fortunes lost in investments in Nor
gan securities, We're returned to them
Notable among these, it is stated,
would be the name of a noted jurist.
who, after he had ceased active work,
lost nearly his all in investments,
made. as he supposed, on the advice
OF Mr.. Morgan.
AS q patron of art, Mr.. Morgan was
as famous as in the world OF finance.
His expenditures for objects of virtue
were boundless. 1t was only neees-
sary for him to see some painting,
statuary or other art work that struck
his artistic fancy and he would buy
IT, The price to be paid nearly al
WAYS was secondary consideration
to possessing an art treasure HIS
collection in the Metropolitan Museum
of Art has been estimated by con-
noisseurs to be worth $50.000,O0o. In
his private museum. next TO his home
are paintings, tapestries, carvings.
books, manuscripts. bronzes and an
tiaue gold and silver ware valued at
many millions of dollars. In his col
lection of early editions are u Ca%-
tons, valued at 81, $50, 900.
Among some of the objects OF art
and the prices Mr.. Morgan paid Tor
yhem are Raphaefs "Colonna Madon-
ma" $500 900: the "Fragonard Panels.
depicting the love affairs OF the
Countess Du Barry, 100000; set OF
Gothic tapestries, S50o,U0V' the fiuhsst
collection of bronzes, 100000; and
Gainsborough's famous painting OF the
Duchess of Devonsnire, $2oo,e0o. In
this collection are the works OF such
masters as Rembrandt, Rubens,
Velasquez. Van Dyk. Reynolds, Franz
Halls, Millett and Turner.
.DThe loss of Mr. Morgan to the
church. the community and the ma
ton. will be felt tremendously" said
Bishop Greer. at will even so
felt more by me. To the majority of
people, Mr.. Morgan was known simply
as a financier. Others who were more
acquainted with him, knew of his ar
fectionate nature. Mr.. Morgan was
very shy man. This was probably
known by the public. / never heard
him boast.