The Birmingham age-herald., 1916-02-03
Situation Vastly Different From Year Ago at the
 Southern Resorts
LEADERS HURRY TO
 INDULGE IN PLAY
Wilson's Advocacy of Tariff Commis- sion Has Been Received With Great Favor in
 New York
By HOLLAND

New York, February 2.-(Special.)-A year ago the man of finance and large business affairs did not think it prudent to make excursions involving more than 1 two or three days or to sojourn for sev- eral weeks at some of the large resorts of the south. The situation was then full of peril. Although men of finance hao with great skill met and overcome the | emergencies which were created by the war in Europe, nevertheless that service was only a partial aleviation. Sir George Paish, after visit to the United States 1 in the autumn returned to England, ar irving in London at about the time when 1 the winter season-whch has been for some years the vacation time for men or large affairs instead of the summer sea- son-was beginning. His visit reflected the anxiety in England, respecting trade and financial conditions.
 Those who went to the resorts iE Flor ida or South Carolina and Georgia re- turned to New York within few days, saying that not many were visiting these places and only very few of the men of large affairs were to be found there. Instead of going south, J. P. Morgan went to London, there conducting nego- tiations with officers of the British gov ernment and representatives of France at which the first steps were taken which ended in the placing of the $5O0,00O0Oo loan eight months later in the United States tc the credit of England and France jointly.
 H. P. Davison was compelled to forego his vacation. Instead, he went upon his somewhat perilous journey to London, for at that time the submarine was at the height of it's activity.
 It is now pointed out that one Of the best evidences that our men of large af- fairs have the situation well in hand is to be found in the resumption of the an- nual winter vacation and their sojourn at the winter resorts.
 JekyIl Island, which was almost desert ed a year ago, is now thronged with the members of the club who possess the rights of occupation and enjoyment upon that island in the Savannah river Thom- as w.. Lamont-who on account of the ex- agencies of last year was compelled to forego his vacaton-is now at Jekyll Island, and one of his re1low partners in the house of J. P Morgan & Co.,, Dwight w. Morrow, has gone to Nassau, con- templating sojourning there for two months. MT. Morrow is believed by those who know what he has achieved fully to have earned his vacation. He was as- sociated with many of the stupendous purchasing transactions which were car ried on by J. P. Morgan x Go. as the con- mercial agents in the United tSates of England and France.
 Few persons realize the intense mental concentration and the steady labor strain which competent direction of these pur- chases-on the whole, the greatest in the history of the world-entails They in- volve the highest kind of business ability, keen intuition, rapidity of mental action and disclose sometimes weak points in the business character or men who have gained a high reputation. For instance one of the master minds in the United States-so far as technical knowledge of the construction and marketing of war material is concerned-discovered that his gift was that of salesman. He had al- ready compassed some of the largest sales of American apparatus of the kind used in making munitions of war. Yet he learned that it was one thing to be a great salesman and that it entailed a different quality to be a successful buy CT. A man can sell goods with the facil- ity of John W. Gates and yet lack the essential quality that makes the success full buyer. It was factors of this kind associated with the purchasing agency
 
 which MT. Morrow by intense application became familiar Therefore, he has earned, in the opinion of his friends, a. vacation which year ago it would have been impracticable for him to take
 Henry c. Prick spent but a few days at the resort in the south of which he is very fond, but may return there. His sojourn was interrupted by the meeting of the directors of the United States Steel corporation at which the important subject which involved the resumption Of the per cent dividend on the com mon stock was to be decided. For that reason J. P. Morgan returned to New York after a sojourn of some two weeks in the south visit which restored him 'completely from the sequelae of the sur gical operation to which he was com pelled to submit last fall.
 THE TARIFF COMMISSION
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