Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-03-31
HIS VAST POWER

represented but a modlcum Oh the
money, belonging TO someone else'
that Morgan held, to do with accord
ing to his pleasure.
Wall Street authorities who were
we'll acquainted with Morgan say
that he would seldom go upon the d.
rectorate of a company or corporation
which he could not dominate me
result was that the various railroad
corporations and innumerable other
companies who had him on their d.
rectorate deposited their money at
his BANK.
1t is calculated that the total of
these cash deposits exceed $4OO, O0O,O 600,
and this, with the Steel Trusts de-
posits, carried the balance beyond the
$500, 900, 900 mark.
He Reigned as Financial Gar.
1t was this stupendous sum, pri-
waite working capital of other people S
money, which enabled Morgan to
| reign as the car of the money world
| at least in America, and made him
one of the commanding figures in
European finance.
Mr.. Morgan was a director in sixty
one companies. These companies
We're:
Aetna Insurance Company, Boston
and Maine Railroad Company, Car
| thage and Adirondack Railroad Com
pany, Carthage and Watertown and
Sackett's Harbor Railroad Company,
Central New England Railroad Com
pany. City and County Contract Com
pany, Cleveland, Cincinnati, Chicago
and st. Louis Railway Company; Co
lumbus, Hope and Greensburs Rail
road Company; Dunkirk, Allegheny
Valley and Pittsburgh Railroad Com
pany; Ellenville and Kingston Kali
road Company, First National Bank
of New York, First Security Company
of the city of New York, Fort Wayne.
| Cincinnati and Louisville Railroad
| Company; the Fulton Chain Railway
Company, the Fulton Navigation
Company, General Electric Company,
| Geneva, Corning and Southern Rail-
road Company; Harlem River and
Port Chester Railroad Company,
Hartford and Connecticut western
Railroad Company. Jersey City and
| Bavonne Railroad Company. Lake
Erie and Western Railroad Company,
Madison Square Garden Company,
| Maine Central Railroad Company,
METROPOLITAN Opera and Real Estate
Company, Mexican Telegraph COM
pany, Michigan Central Railroad
Company, Millbrook Company. MO
hawk and Malone Railroad Company
| New England Navigation Company
New England Railroad Company
New Jersey Junction Railroad Com
pany, New Jersey Shore Line Rall-
road. New York and Harlem Railroad
Company, New York and Northern
Railway Company, New York anc
Ottawa Railroad Company, New YorF
and Putnam Railroad, New orr
Central and Hudson River Railroad
Company, New York, Chicago and st
Louis Railroad Company (Nicke
PLATED; New York, New Haven anc
Hartford Railroad Company; New
York. Ontario and Western Railway
Company, New York State Realty
and Terminal Company, New York
Westchester and Boston Railwa.
Company; Newport Trust Company
Niagara Falls Branch Railroad Com
pany, Ontario, Carbonate and Serah-
ton Railway Company; Pittsodfgf
and Lake Erie Railroad Company
Port Jervis, Monticello and summit
Vile Railroad Company; Poughkeep'
sic Bridge Railroad Company the
Pullman Company. Raquette Lake
Railway Company, Rhode islane
Company electric ine), Rutlane
Railroad Company, st. Lawrence ane
Adirondack Railway Company. Syr'
acuse, Geneva and Corning Railway
Company; Terminal Railway OF Bur
talo, United States Steel Corpora ton
WAIKIKI Valley Railroad Company
West Shore Railroad Company, West
ern Union Telegraph Company, LAX
Shore and. Michigan Southern Ran
road Company Spuyten Duyvil ant
Port Morris Railroad Company.
When Mr. Morgan started his busi
ness career. half century ago on tn
hoard of directors of large mari
time lnsur any, .no ,neuonce n
the position thlous' 'ne -.
his wealthy father. ro,. a CO.. ,s,sa,.
Morgan attended the ulreo'ois
ings, hut never opened h's mutt -
cept to vote
The president OF the conlpans !,
the elder Morgan that po'nii's 49,
be done with his SON. VINO seeiiieu -
take little interest IN business 49,