The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-07-04

Mr.. Morgan has been the directing force
in great transactions whereby credits
have boon established and Great Brtain
and France enabled 10 place orders IN
this country. The Arm OF J. =. Morgan
&. Co. was made the commercial agent
OF the British Government in this country
in January last. an appointment which
caused some Dissatisfaction amor a
number Of American and Canadian
manufacturers. the resultant criticism
! causing more or less debate In the House
Of Lords. Lord Grlmthorpe Old the
Lords that Canada should have the
preference in the matter OF shells and
said that ''one reason why more orders
didn go TO Canada In that the pg
shadow OF an i%r,erloper stands
Canada ard the G~overnment." IL was
only recently hat Premier Asquith,
speaking In the Hous Of Commons. oom-
p,imented Morgan q co. or their work.
Mr.. Morgan returned from England
on May o, after spending six weeks there
In connection with financial matters IN
which his Arm has taken part.
II was Mr.. Morgan who headed a
syndicate TO provide the city OF New
York with 500. 100000 in goh VIII
which to take up its bonds held abroad
and maturing last fall.
In April last J. T.. Morgan d co. an
bounced that, together with the National
| CITY Bank and the First National Bank,
they would offer $780, 900, 900 year .
per cent French treasury notes. THIS
was another big wal transaction ar
ranged largely by MIR. Morgan. One OF
the latest Morgan deals which interested
the general public was the sale OF MT
Morgan's majority stock holdings In the
Equitable Life Assurance society TO
| Gen. 7. Coleman du por
Mr.. Morgan's home at East Island,
the land for which he bought in 1909. ID
near Matinnecock Point. The island Ia
abou nifty acres in extent and Is reached
from the mainland by q bridge which
/ connects IL with Dana Island. once the
country home Of Charles A.. Dana
Mr.. Morgan's yacht the Corsair
which formerly belonged to his father
has her summer anchorage on Eas'
Island. BY means OF TIE yacht sight
seers have got In the habit Of identifying
the low. rambling brick mousse as MI
Morgan's summer home.
The fnancier is the vice-commodore
of the New York Yacht Club. 1t Is be-
lieved that he will be the next commo'
dore. He Is most democratic wher
aboard his yacht and sometimes
strangers have Il hard time guessine
whether the big nan with the pipe ir
his mouth Ia the owner OF the yacht Of
one OF Cne crew.
Mr.. Morgan Is a member OF the East
ern Yacht Club Of Narblehead. ths
L%archnont Yacht Club and the Seawan'
haka Cor.nthian Yacht Club OF Oyste,
Bay. HIS son. Junius, Is the owner Of
the Alyce and the Turquoise.
Owner of Famous Art.
Mr.. Morgan inherited from his fathel
the famous Morgan art collections, TIL,
will gave him absolute n unqualified
ownership, but the elder Morgan ex,
pressed the hope that his son woult
make permanent dispositions of the col
~lections or parts OF them from time L
time and said that IL would be a~greeabl,
TO him II the Morgan Memorial In con
nection with the Wadsworth AthenRun
at Hartford. Conn, was utilized TO carr,
out his wishes
Mr.. Morgan has kept intact th'
unique and highly valuable Morgan II
brary. consisting Of 10000 volumes, blu
he has disposed Of other art objects
notably the Morgan collection OF Chimes,
p~orcelains which was sold to the Du
veens in the early part OF the year fol
$4,000. 900. The eighteenth centur,
furniture and sculptures and the famous
Fragonard panels which were exhibited
at the Metropolitan Museum OF Art wer,
sold also. II was said that Henry G
Frick was the buyer.