The Birmingham age-herald., 1915-06-24
Men Who Handled Greatest Money Crisis Nearly
 All Under Fifty
EARRINGS WORK IS
 WIDELY PRAISED
When Elder J. P. Morgan Died Many Wondered Whether Suitable Successor Would Ever
 Be Developed
ny HOLLAND

New York, June 2S.-(Speeial) During the fiscal year which will end on Wednes- day of next week several of the men of finance who have been accomplishing great things since August l Of last year entered upon their fftieth year The president of the National City bank, Frank A. Vanderlip. and one of the vice presidents who serves under him. William A. Simpson, were under 50 by few months when they participated in the con- structRe financial work which at last brought order out of the chaos which began immediately after Germany started her great drive upon Paris 1t is fact that almost all who participated in this constructive work were of the younger generation, only few of them being past 5a years of age, so that it will hereafter bs reported among the traditions of this inomentous year that in it was demoh- trated the capacity of the younger gen. oration to meet new responsibilities and to ind answers for new and wholly original financial problems.
 The old generation began to pass away shortly after the era of combina tions which brought about what was coloquially called big business" Those who took part in this movement were of the genera tion whose active life began few years after the close of the civil war. They built railroads, they expanded our com merce, they financed great industrial or ganizations and they estabeshed the eco- homie principle upon which so-called big business" in it's reasonable and honorable meaning. is based Then gradually they began to drop away Some retired to pri- yate life some remained partially active, some took part in the stupendous move nents by means of which the currency panic of 1907 was checked and some passed away. It was about 1900 that the generation began Its business life. NHs the late J P. Morgan died ques- si nmonly asked was whether his son .l4~1 constructive ability and the ca yasity foF leadership which were charac- teistic ,aiot his father And it was one of tft vii ,sg ind most experienced men of sfairs ns said that the younger Mor- gan's fasssl ssin that respect would not os tss telI----- --hew conditions began and neN lo1. Ys kind which his father retef ifS lHs-,p 3lve-for he never had thA pleFt T .Awsfe presented to him fo solrt"s lSfst iast came much sooner
 
 os posssd alt wa4f Il made when wal qt I suddetn9egan lht Tope The propo- .lonc andlthe condis with which the rnser generation foui.a itself in August laft lace to face were of a kind impos- sihie for any one to have predicted They compelled, if they were to be satsfac- tofiiy met, great work along entirely original lines. In December last 1t was made. apparent that these men of the sarhser generation not only in New York
 ut in other parts of the country. had re- e4led themselves to be fully equipped aentally and temperamentally for hand ing a crisis the like of which had never beer experienced in the United States nor, in faGt anywhere else in the world. Many of those who are of this younger gen efaffon came from those whom Abraham irecin called the plain people" Al n1si l of them were in youth unfamiliar Nil ealth, and not bred in luxury. All ine ill'rf them were gradually promoted foi merit and demonstrated that if 1t be ifue in politics and in some forms of lt- e ure and even in some departments of alt ih3t mediocrity prevails. it is not true iu the world or business or of banking
 Some of the Young Men
 ,resent head of the house of J. F. Morgan X Co.,. is under 50 years of age,