Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-06-18
Financier and Friend and
Follower of Roosevelt
Expires Suddenly.
OVERWORK KILLS
FRIEND OF LABOR
Break in Health Directly Due to Ser
vices With Y. M. C. A. In France
Former Partner Of Morgan and Ad-
vocate Of Profit Sharing and Old
Age Pensions For Employes-Gave
Y. m. C. A. Clean Bill.

Age Pensions For EmpIoyes-Gave
Y. m. c. A. Clean Bill.
New York, June. 1S.-George w.
Perkins, financier. died this morning
In the Stamford Hall Sanatorium,
Stamford. Conn.
1t became known June IL that Mr..
Perkins had suffered nervous
breakdown. but members of. his fam
lily did not intimate that his life was
in danger.
| Mr.. Perkins was taken to Stamford
about ten days ago, when his son.
George w. Perkins, Jr.. announced
the change was made to afford his
father complete rest and seclusion
from his friends who sought his
counsel during the political campaign
preceding the Chicago convention.
Tho affection to which Mr.. Perkins
succumbed Is believed to have been
the result OF influenza and pneu-
monia. contracted while serving with
the Y. NJ. c. A. in France during the
war.
A statement by the dead finan-
cier's physicians. given out at Mr..
Perkins office, /gnve the time Of his
death as z: Is this morning. Death re-
suited from an attack OF acute In
1ammation OF the brain. the result
or nervous exhaustion duo to intense
and continuous overwork," the an
nouncement said.
The death OF Mr.. Perkins was par
ticularly unexpected. It was said at
his offices. on account Of his having
recently survived very serious heart
attack. after which his family and
friends believed his constitution suf-
ficiently robust to throw Off tho
malady.
While details OF the funeral have
not been announced. It was said It
would take place Sunday afternoon
at tho Riverdall Pre4byterian church
In Bronx, The services viii BE prf-
vate. 1t was said.
Perkins Prosrsssive Financler.
George Walbridgc Perkins. for ten
Years q member Of the Arm Of ]. p.
Morgan q Co.. was reputed to have
i1rst suggested to and persuaded ~bir
business' to adopt profit-sharing. In
surance. service bonuses, sick benefit.
ana old-age pensions.
1t was Perkins who was also said
to have inaugnrated the plan which
peFmftted employees Of the United
States Steel Corporation and the In
ternattonal Harvester Company. In
both OF which he was at one time an
executive. to purchase stock on IN.
stalments and at less than market
value on the assumption that On
dustrinl Justice In the most profitable
of investments, that Justice promotes
peace. peace promotes prosperity
and that the worlsmen's prosperity is
necessary to the prosperity Of the
business man."
In Prime Of Life.
Mr.S Perkins was born in Chicago,
Jan. 81. 1862. descendant Of Jacob
Perkins. an English ancestor who
settled in Boston in 1881, His father.
George w. Perkins, long engaged in
the shipping industry at Buffalo. was
later pioneer in the life insurance
r'eld. The son entered the insurance
business In Chicago when 151 a
clerk, became bookkeeber. an agent
and subsequently manager Of a
Cleveland office. He went to Denver
and In 1892 was made vice president
|of the New York Life Insurance.
Company His achievements attract
ed the attention OF the elder Morgan,
and in 1900 he was invited to be-
come a member Of the, Wall street
firm. In this capacitS no negotiated
number Of big foreign loans ne
remained with j. P. Morgan & Co.
until 1910 meanwhile becoming di-
rector Of numerous large corpora tions
including the steel and harvester
company, a number Of railroads and
the International Mercantile Marine
Company, IA
Follower OF Roosevelt
Retiring from business a 5few yoar4
later. as he said, ''to devete myself
to other work Of public and semi
public nature. Mr.. Perkins wrote and
spoke frequently On the subject Of In
dustrial justice and when Colonel
Roosevelt became progressive oandt-
date for the presidency in 1917 hes
became chairman. Of the national ex-
cdutive committee of the party. Prev
iously he had been a republican. The
year before he had urged a revision
Of the federal corporation laws and
in testyfying beforela congressional
committee Investigating the United
States Steel Corporation, he advoaat-
ed the fullest publicity for all oorpo-
rations. Despite the defeat OF the
colonel, Mr., Perkins continued ao-
tive in his advocacy Of progressive
| principles.
Severe Critic Of Wilson,
Mr.. Perkins early in tho world war
interested himself in the matter Of
American preparedness. He was a
severe critic Of President Wilson. In
speech in Indianapolis in 1915 ha
declared tho United States was un-
prepared for war" and urxed imme-
diate action. After. the United States
entered the struggle he endeavorsd to
stimulate food production and by
large purchases of provisions at dis
tant points sought to avert i war
time shortage in New York City. He
was also active in Red Cross, liberty
loanRnd other patriotic drives. After
the war Mr.. Perkins went to France
to investigate charges of waste and
inefficiency against the Young Mems