The Washington herald., 1914-06-07
h0RGAE'sboOlls
Being Examined!
No Desire Manifest to ASSIST
New Haven and Its
Stockholders.
FOOD FOR POLITICIANS
Dead Lion Draws Jackals Of the
Forest and Buzzards of
the Air"
FOOD FOR POLITICIANS

tors meetings ]. p. Morgan attended.
he offered to underwrite 500 100000 OF
New Haven stock at NO per share.
win anybody be found in the next ten
years to repeat that offer?
Mr.. Morgan's plan. and he was the
hnancier of the New Haven Railroad.
was to make the Maine Central wholly .
stock proposition with no debt; next to
solidify the Boston and Maine with q
larger issue Of stock. for the Boston ana
Maine was always q railroad gamble.
Today its 20 million OF stock is only "a
of property.
For the New Haven. Mr.. Morgan al
ways maintained that 1t should be free
of mortgage and should be financed by
its shares.
Today the great values which Mr..
Morgan left in the New Haven treasury.
somewhere between 100 and 200 millions.
are mostly pledged under 80 millions
bankers notes.
The agitation against the New Haven
road has given bankers on their loans
securities two for one. Has the agita-
ton given the public any security? Has
1t improved transportation? Has IL raised
New Haven credit? Has 1t helped the
thousands dependent upon New Haven
dividends?
Sacrifice Being Made.
1t is doubtful il Mr.. J. p. Morgan. jr..
realizes the personal sacrifices he and
his firm are making when they offer to
turn over all the Morgan books and ac-
counts and papers. individually and coll
fectively, to the Washington investiga-
tors.
Does Mr Morgan realize that the
Washington investigation as conducted
has but one object-headlines in the
newspapers?
Is there any desire in that investisa-
ton to assist the New Haven, or Ms
credit, or the men who have given their
lives to its service?
There is only one object for the Ne
braska investigation Of New England. It
Is the personal or political advancement
of somebody who believes that he can
shoot holes in the Morgan, or New
Haven Railroad record for political and
personal aggrandizement
1t will not interest any investigator
from Washington as to personal sacrifice
the house of Morgan or the family of
Morgan have from the beginning made
as patriots and financiers. 1t does not
help any political party to picture Nor
gan as saving this bank or that banking
house or working for the New Haven
Railroad for practically nothing.
There is no political value to the art
treasures the Morgan millions have
brought to this country. There Is moth
ing for the agitators in the Morgan
work for the sick in hospitals or for tho
help extended at personal sacrifice over
and over again In saving individuals and
interests threatened with ruin because of
financial errors for which Morgan was
not responsible.
Search for Insinuations. q
All that is wanted is paving over Of
New Haven records and Morgan records
with the hope of finding some ink spots
or blurs or unexplained transactions from
which sinister deductions antagonistic to
financial virtue and public interest may
be headlined in the papers.
The crime Of both Morgan and Mellen
was the same. They believed in New
England and its development Perhaps
they over-believed in it
The Morgan records in the hands of the
agitators can have only one service and
that Is for imputation and insinuation.
Mr.. Morgan has already dealt the SLAM
derers Of New Haven and of his own
house the severest blow they could re-
ceive when he has shown the handling
Of 333 millions of New Haven securities
CT HCi piOhl VI lCsS tidH OF
about one-tenth of one per cent Did 1t
satisfy the agitators or the yellow press?
1t has only infiamed them. They have
become the madder and the more reck-
less with their assertions. who be-
lieves it," they cry and rush on. When
they have besmeared all the Morgan
records they are still just as free to
slander the living and the dead a. be-
fore.
Has the foremost and the last Of the
great American native born bankers per-
ished? And is, there to be no memory of
him and no commemoration of him ex-
cept in political investigations and press
attacks that have only one design-per-
sonal or political advancement?
Living, Morgan was a tower of strength.
Dead, his few spoken words and brief
book entries are to be but the basis of
Investigations and OF all insinuations and
ISLANDERS that can be made therefrom.
Alive, Morgan scattered every calumny,
whether from Wall Street or Washing
ton.