Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-04-01
SON OF DEAD FlNANciER TO AS.
sumo MANAGEMENT OF
VAST INTERESTS.
MORGAN FORTUNE MAY
REACH $4,000, 900
Only Son Of American Financier Big
Man Mentally and PhysicaIly-cars.
fully Trained for Business and
Capable Of Handling Large Affairs
"chip Off Old slock.'


will succeed his father in the manage
ment of the immense Morgan interests
He is the only son. and will control a
fortune estimated at between 500. 000.-
600 and s150,0oo,oO0. The title, J. P
Morgan & Co. will be retained.
The son is by no means a novice at
directing financial enterprises. nor is he
so young as to cause anxiety as to pos
sible rashness. Mr.. Morgan. Jr.. is 46
years old. He weighs 200 pounds and
is an athlete. And. what is proba bly,
most essential. he has had his fathers
careful training
Already the future head of the great
est financial interests controlled by an
American fir, is director ir mary cor
porations. When II. H. Rogers died it
1909 the younger Morgan vas elected
his successor in the United States Steel
corporation.
The same year ne became a membar
OF the directorate OF the National City
Lank of New York .'liing the vacancy
caused by the death of E. H. Hartman
7 MS bank controlled by STANDARD 81
interests, is one OF the largest in the
country.
Was Born in 1867.
Young Morgan was born in 1867 He
graduated from Harvard in 1889 and
married In 1880. AS soon as his school
days were over he began his appren-
ticeship under his fathers direction in
the New York office.
He has no bad habits or frivolities,
and was always Very methodical.
Among the clerks he was always popu-
lar because of his democratic ways
Jack" Morgan strongly resembles
his father. Wall street is in the habit
of remarking that he is the image of
the older Morgan of twenty years ago.
Many Of the mannerisms of the father
are strikingly repeated in the son.
After being graduated with honors
from Harvard, Jack" Morgan was told
by his father that some day he would
be called upon TO fill his shoes ard that
he must prepare himself for the re-
sponsibilities that We're to descend up
on him. For twenty-three years now
he has withstood the crucial test and
so far has escaped unscathed.
Kept Nose to Crindstone.
He began his business career in his
fathers Boston office and there ne re-
manned two years He then came to
New York and after working as hard
as any clerk in his fathers office for
a year he was admitted to membership
in the firm of ]. Pierpont Morgan &
Co.
Here he stayed for five or six years,
!, Vic
TO the grindstone that little or nothing
was seen or heard Of him outside OF
office hours.
Young Morgan showed consider abe
aptitude for international banking anG
ne was sent abroad to study CONDITIONS
there. He remained in Paris for
year and a half.
"Chip OFF the Old Block
|. 1t has long been known that the cid
er Morgan was anXiously looking TOR
ward TO the day when he could UNLOAD
his manifold responsibilities upon
Younger and broader pair OF Morgan
shoulders. So Jack was sent west 10
become more proficient in industrial
matters.
He was placed under the protecting
wing of James ]. Hin. and under ms
tutelage he was graduated into the Oh
rectorate of the Northern Paclhc.
Asked one day by an intimate FRIEND
as 10 the progress young Morgan vas
making. Mr.. Hill chuckled and re-
marked:
"A chip off the old block.
Young Mr. Morgan. while memosf
of the Metropolitan, Union, Racone'
and Tennis, Brook. Harvard CnlVer-
sitv and New York Yacht Cluos' can
not be termed club man. he rare's
visits his clubs, and spends ii,e or No
time out of his handsome nut no. ~
all pretentious home at 23l Maa's.''
avenue. which adjoins that OF MS ia''