The Washington times., 1913-04-01
MORGAN, JR., IS LIKE
HIS FAMOUS FATHER
Successor to Great Financier
Said to Be Experienced,
Keen. and Well Trained.

NEW YORK, April John Pierpont
Morgan, jr.. who becomes head of the
great banking houses i'm New York,
Philadelphia, London. and Paris that
were built up by his father, is forty
six years old. In physique he is as near
a replica of his father as it is easy to
imagine one human being TO resemble
another The few persons who know
him intimately say that, intellectually,
he also is a reproduction, both as to
Temperament and dogged determination.
No American father ever strovc more
earnestly, or with such effective re-
suits, to train his son to succeed him,
to follow in his footsteps. to carry on
the stupendous work he had estab blish-
ed than did the financier who now lies
dead in Rome.
Between father and son there had
been the closest fellowship ever since
the elder Morgan undertook the train
ing of his son. 1t is significant that not
among the scores of financiers who
talked privately or for publication about
the succession not one doubted the sons
ability, willingness, bravely to under
take the staggering task and heroically
to execute it,
Has Few Intimates.
Jack Morgan. as he is called by
his intimates. never has been known
10 frfvol or to fritter away his time or
opportunity. He has very few inti-
mates. 1t is said they can be counted
on the fingers of one hand. Just who
they are nobody seems to know. So
closely has Mr.. Morgan confined him
self to business ever since he entered
his fathers bank. twenty-five years ago
he has not had time. IL the inclination.
to cultivate close companionship outside
of his family circle.
man." said a prominent Wall Street
banker today. He has been to my
house and I have been 10 his many a
time. but to this day ] can't claim an
intimate acquaintance with him.
Seldom At Clubs.
Although he belongs to half dozen
Or more of the large clubs TO which 1
belong, ! don't recall ever seeing him
then very seldom. indeed. He is a
home man. He seems to prefer the
society of his wife and growing family
to all diversions after the hard days
work is over
A 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 daughter-
The eldest, J. S. Morgan, named Tor
his sreat-grandfather, is now fresh
man at Harvard.
soon after his marriage in 1880 Mr..
Mcrgan's father sent him to the 1irnh
banking house in London to serve
five wears During his service there he
handled the transaction involving the
payment of the $4,000 900 this Govern
ment paid the foreign owners for the
French Panama canal
Negotiated Big Loans.
Tn 1ea5 he was intrusted by his
father with exclusive responsibility for
negotiating the great bond loan for
Russia which the house made in that
year President Roosevelt appointed
hin, first secretary of the special Amer
ican embassy to the coronation Of King
Edward.
After this experience in foreign busi-
ness and diplomacy he was called back
to New York and became a partner and and
vice president IN the morgan paHk "
and in London. NJ
klthough fond of outdoor sports, MT.
Morgan recently complained to friend
that for the last two or three years
he had found it virtually Impossible TO
indulge his taste in that directloh,
About the only outdoor sport he now
anioye 10 any considerable extent is
that Of yachting and motor boating in
tho waters near his Long Island home.
There he keeps several high power
motor boats. and when he goes to his
.conntr,. nlace for the summer he and
bjs "a n,iiy occasionally accompanied
bv a few guests. spend nearly every
e,enjne on the water. He is an expert
belmsu,an. as is also his wife. and they
usually run their motor boats Them
selves.