The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1913-03-31

CuTIlleS OF the UnlteQ states Steel cor
poration, with a capital Of $1,100.-
curities Of the steel trust during the
depression of 1904 was as promptly
relieved by the influence of Mr.. Nor
gan and he made it his business from
that time on to prevent, as much as
possible. all violent fluctuations in
that stock.
Purchases Equitable Interest.
The most recent financial deal Of
great importance engineered by Mr..
Morgan and his associates was the
purchase In November Of 1909 Of the
controlling majority of the stock Of
the Equitable Life Assurance society,
formerly owned by Thomas F. Ryan.
Mr.. Ryan bought the controlling in
terest in the company, the assets OF
which. according to the last statement
issued previous to the sale, amounted
to $472, 600, 900, from James H. Hyde.
former president Of the company. The
acquisition of the control of the
Equitable brought the total Of the
companies. banks and trust compan-
les controlled by Mr.. Morgan and his
associates to the gigantic sum Of
nearly $3.50, 000, 900, made up as fol-
lows Equitable, Life Assurance So
ciety, r$472, 600, 900; New York, Life
Insurance company, $557.000, 900; Ma
tional Bank OF. Commerce, $244.000,-
900; First National bank, $1S4,OOO.-
0OO0: Guaranty Trust company, $780,
$75,O 600, 900; Equitable Trust company,
$62. O00,6 600; Bankers Trust company,
$4S, 900, 900; Astor Trust company,
SIT, 900, 900.
Despite a life Of strenuous endeavor
Mr.. Morgan found time for other
things. He gave millions in charity,
but nothing perturbed him more thar
to nave it mentioned to him. He was
a devout Christian and vestryman Of
st. Georges Episcopal church. where
he could be seen every Sunday morn
ing when at home passing the silver
salver for the collection.
Great Private Art Gallery.
He took an active interest in the
Metropolitan Museum of AArt. and
possessed one of the most magnificent
private galleries in the world, part
of which he kept in his London man
sion, while the smaller part adorned
his palace in New York or was stored
in the magnificent and thoroughly
ireproof library building which he had
built and which also sheltered n of
of books, manuscripts. works OF art,
etc.. to be found anywhere in the
world. A deep student of medieval
history. he collected, without regard
of cost many priceless objects Of
medieval art, missales. bibles, cleri-
cal ornates, embroideries, tapestry and
masterpieces of the gold and silver
smiths art. At one time he bought
a cope which had been stolen from
an old church in Italy and when the
fact became known that the cope had
mt hoon tho rfOhtf,,1 nronortv nf ifS
former possessor, Ny. Morgan showed
his magnanimity by returning 1t to the
original free of cost.
Was Also Sportsman.
During his late years Mr.. Morgan
enjoyed life to the utmost. He was
pa~ssionately fond of dogs. and his ken-
nels at Cragston were the wonder Of
breeders the world over. He rode and
and angled enthusiastically. and
was fond of yachting. His yacht Cor
sair was one Of his favorite recrea-
tons. He belonged. to numerous So
cieties and clubs in the United States
and Europe.
1t is Impossible to estimate with any
degree Of accuracy the. size of the
Morgan fortune. It has been variously
estimated in recent years at from
SIS, 100000 to $500, 200. 900. II it Is
anywhere near the latter figure, 1t is
equally true that Mr.. Morgan made
az much for others.
In 1851 Mr.. Morgan married Miss
Amelia Sturges. who died the follow
ing year; In 1866 he married FRANCES
Louise Tracy. by whom he had n sbn
Morgan. Jr.. is now a man OF middle
life, and for q number of years has
been the active head Of the Morgan
banking house in. New York.