The evening world. Newspaper, March 31, 1913, Page 2

1918 , ‘NATION’S WEALTH STATEMENT BY THE MORGAN BANKING HOUSE [EFFICIENCY OF THE EVENING WORLD, ‘ROM 81, 191 OW MORGAN CONTROLLED TEN BILLIONS OF NA PUBLIC MEN JOIN MONDAY,’ MARCHE 31, once, and then was supported on the arms of his physicians and stayed only an hour. When the physicians forty-elght hours ago gave up afl Hope for him, |Mrs. de Pierpont Morgan Sr., ! ; § (faanedebacdat Seay eam Mr. Satterlee obtained a special train from the Government with the purpose of carrying Mr. Morgan to London’or at least to Paris to die. The physicians vetoed the plan, saying that the shock of moving him would mean his death between the Grand Hotel and the station. Mr. Morgan's death was anticipated © frank acknowledgment of hie or issued last night by his ghysi- reading as follows: ‘Me family about him when away from home, Mr. Morgan remai-ed at Cairo until Dr. Baatianetii, « specialist from Rome, could reach him, and then, on March 10, safied for Naples. On his arrival at Rome he seemed better and went Out daily for automobile rides and re- ceived several American friends. An attack while at church on Baster #un- day caused him to take to his bed again, Vor the last twenty-four hours the Grand Hotel haa been dehuged with Mesenges of inquiry and sympathy. Among them were frequent notes from the King of Italy and the Pope. ‘When Mr. Morgan reached Italy, where his millions acquired #0 many treasures of art and where he hed won ‘the esteom and personal admiration of leaders, including the King, there were many who, looking at his altered face, saw in it the signs of approaching death. He wont to the Grand Hotel at Rome. There he remained tn sectusion. The exhaustion was growing more and more profound, NOISE OF HOTEL TORTURE TO SICK MAN. Last Wednesday nigtt there was a Great ball at the Grand Hotel. The crash of the music, the hum of the voloes and the steps of the dancers could be distinctly heard in Mr. Mor- an's sick room until far into the morn- ing. The nervous, worn out old man was almost distracted by the prolonged area of tip rest. ‘ tly there are gay throngs at the Grand Hotel. It was, therefore, planned to move Mr. Morgan from Ro: 0 some quieter retreat. Later those plans were cancel). 3 eta 3 i iy zx? £ li i E HG i | | it i ? | | i 5 up ei i | z foneliness of the death among America’s greatest recon- accented to-day ty the ignorance of the fhe revelry about the hotel which broke it was hoped would fis latest sinking spell. At 11.80 o’elock, European time, or) 6.80 o'clock in New York, the phy- + glolane ald that Mr. Morgan was About midnight Mr. Batteries saw @ correspontont. He said; “This sudden change was quite un- expected. Even to-day the doctors were well satisfied. They found that his strength had been maintained despite the toss of appetite. I caw at once by thelr expressions after seeing tim at 4 o'olook this afternoon that he had taken @ sudden change for the worse.” “moribund,” and, while he might pos- NEWO OF THE DEATH HELD BACK TWO HOURS, the physicians admitted that Me. Morgan ‘might die at an moment che news of his ectual passing was held ‘Meld back ‘for two hours from the cor- respondents in the hotel and even from the shoek of grief to make sure that the first news of Mr. Morgan's death reach @ and sucsesaer and his + ow ‘Yow authentiestly rath- er than through channels outside of the family, whigh \weuld torture them ON THE PARIS BOURSE. PARIS, March 31.—The death of J. Plerpont Morgan became known on the Parte Bourse shortly before closing time. ‘It bad no visible effect ond the market ‘Dut was the subject of considerable comment and much questioning as to ite probable consequence in America. ‘The prevailing view seemed to be that Mr, Morgan's leadership would be missed ore seaeine hence ‘rather than ymme- lately, ‘Mr. Morgan occupied an immense g { ef ' | i ! i i i! i tt t gf | i et t i i E tf i i g HF i ' 3 “- iv i Is ; HH h : and at French resorts and was known popu- larly owing to-his numerous gifte to the Louvre Museum and his interest in art. I tt i i z ih _— Senator Burleigh Improvi BALTIMORE, March “ ra inited States Senator Edwin ©. Burleigh of Maine, who is a patient at Johns Hop- kine Hospital, was reported to. to be im good condition after having passed u comfortable night. Senator Burleigh underwent an operation a few ins ty 4 & 5 i Fe it z i doing ity 55 Morgan’s Last Statement Made to Pujo Committee In Public at Washington Here are some of the epigrams in Mr, Morgan's testimony before the Pujo Committee on Dec. 19 last: “The control of credits is not the control of money.” “What I call money is the basis of banking.” “England comes nearer than any country in the world to having out- standing obligations supported dollar for dollar in gold. This country's {trouble is with greenbacks.” ; Men who contro! credit | but you can contro! busin . “If one man had the credit and I had the money, the man would be } badly off.” 1 “Money cannot buy character, and commercial credit is based prin- control money. You cannot control money - cipallyon character.” 1 “If a man ts not satisfactory to me, 1 call his Joan.” “I think stock manipulation is always bad.” I favor the English system of full publicity and an absolutely correct ‘Prospectus, of all concerns to be listed.” “Btock Exchange members would say regulation interfered with their ‘Dusinesr. There would be another Exchange.” /’ “E never in my life sold short, but I don't see how you can get along Without ehort selling.” &@ man 60 O14 ought to have more of “ale unfatiing honor, y]eoundness of his judgment. days ago, and while he is said to be INEULOGES OF | DEAD FINGER Conservative Bankers Declare Strain of Pujo Inquiry Hastened the End. TRIBUTE BY CHOATE, Lawyer Praises Morgan’s Won- derful Independence of Mind and Judgment. Many prominent men—financters, ratl- road heads, churchmen and lawyers: Joined to-day in high praise of J. Pier- pont Morgan. Conseryative bankers and brokers of Wall street were outspoker, in their opinion that the strain put upon Mr. Morgan by his appearance before the Pujo committees in Washington last winter hastened his end, as he was a very sick man when he submitted to a long and gruelling examination by Samuel Unterm: counsel to the com- mittee, Henry Clews was one who was outspoken on this point. Joseph Il. Choate, former Ambansa- dor of the Court of St. James's, said: “Mr, Morgan wae one of the noblest men living, and the greatest power for good in America, His influence was always in favor of right and honesty. He was a giant in mind and body, and hin financial archievements in the ast fifty years are almost without a par- allel. He was always trying to deter- mine what waa right, honest and just, ‘and to support his conclusions with all hin might. HAD WONDERFUL IN ENCE AND JUDGMENT. “His indapendence of mind and judg- Ment were wonderful, and the secret of community, not financial community but in the whole country, was his superb and never failing honesty, “The roagon why he towered above all others was that his associates and all who had dealings with him and the ‘whole community had absolute faith in as well as the ND- “Mr, Morgan has been the object of foul attacks by men who ought to have known mubh efter.” He’ hid & never- falling instinct for charity and for pub- Ne usefviness, and his. muntfcetice in thoge' directions were the natural fruit ‘of his infinite’ warmnese and largeness of heart, "I deplore his loss as that of a broth- er, and am sure that the world has iost one of its greatest men and noblest in- fluences. The people of New York have as yet no conception of the munificent endowment in the way of art that he had brought to them,” President W. C. Brown, of York Central Ratiroad, said: “In the death of Mr. Morgan the city, the State and the nation loses one of {ta foremost citizens. A profound con: fidence in the future of the country and @ lofty patriotism, which manifested it- self on all occasions, but especially so in time of financial Gistress, dominating traits of cl BISHOP GREER SAVE HE WAS NO HYPOCRITE. Bishop Greer said: “The loss of Mr. Morgan to the Church, the community and the nation ‘will be felt tremendously, Mr. Morgan was @ man upon whom the greatest people In the world waited. He had been presented and sought by the royal houses throughout Europe. Never once have I heard him refer to the fact that he had met so-and-so, or had been pree sented to any one. “Mr. Morgan was not a hypocrite. Hp had no use for any man who dealt falsely with him; he always kept his own word and expected others to do Ukewt “Th was dearer than hi the church, quality of cha: a friend.” Frank A. Vandoriip, President of the National City Bank, seid: “No man has ever been more closely or more honorably or more patriotically Identified with the growth of this coun- try than he. He gave, always, his best effort, unselfishly, to the promotion of hia country's welfare. “He was ever a tower of strength in Impending trouble, and tn crises unfall- ingly subordinated self-interest to that of public service. ie was # citizen of the world Henry Clews ald: In my opinion, the thing that did the most to make inroads on Mr. Morgan's health was the recent attack made upon the great com- binations of his creation—explolty which he personally considered the grandest of his achievements, These attacks really saddened his life, breyed upon his mind and hastened his death.” TRIBUTE BY MR. UNTERMYER OF PUJO COMMIT Samuel Untermeyer said: “With the death of Mr, Morgan the world’ loses one of its most conspicuous figures and our country sustains the Irrutrievable loss of @ gen@ous, patriotic citizen of the New . something better and money to me and to t was his perso; ter. I mourn him as T rare breadth and public usefulness. Whatever may be one's views of the perils to our financial and economic gys- | tem, of the concentration of the contro} | of credit, the fact remains, and ts gen- erally recognized, that Mr, Morgan was animated by high purpage and that he | never knowingly abused his almost in- | credible power.” James Speyer sald: “But the and future of the United States be permanently affected by the death | | Early and Recent Photographs of, one man, however prominent he may be.'* . Th. following statement was issued on behalf of Charles 8, Mellen, Presi- deat of the New York, New Haven and Hartford Railroad: “Mr. Mellen ‘s deeply affected by the newe of Mr. Morgan's death. He ‘s under a g weight of obligation for: the consideration and support which Mr. Morgan has given him for many years. Nothing that Mr, Mellen can say will add to the universal recogni- tion which will be accorded the active, honorable career which Js closed. “The relation: of the New Haven line with the house of J. P, Mor, are not in any way affect death of the senior partner.’ Daniel G. Reid said: “I am deeply grieved to hear of Mr, Morgan's death, He was even bigge! hearted amd more sympathetic and more generous than the general public realised,” Walter E, Frew, President of the Corn Exchange Bank, said: Kroatest debts of appre- the financial world owes to his memory {s the fact that he trained up about him and now leaves his HOUSE OF MORGAN AS MADE UP TO-DAY HEADED BY J. P. JR. to-day. The list had weakened some what on earlier telegrams forecasting apeedy end of the great Anancier, position to start a “bear” was quickly checked, and the jal announcement of his passing y scarcely caused any further mevee ment. ‘The death of Mr. Morgan was recelveg with marked regret in the higher finan. cial circles of London, where he was @ great favorite. a . MORGAN A “LARGE MAN” BEYOND CORRUPTION, GAYNOR’S COMMENT, Mayor Gaynor to-day made public this comment on the death of J, Pier- pont Morgan: I scarcely knew Mr. Morgan. 2 saw him once at an annual Chamber of Commerce dinner, and once at an annual meeting of the trustees of the Musoum of Natural History. T never had any business with him, public or private, and never con: versed with him on any auch mat ter, nor with any representative of LOVED MUSEUM NEXT TO FAM. LY AND BUSINESS, Edward Robinson, director of the Metropolitan Museum of Art, said: “To the Metropolitan Museum his loss will be irreparable, for he was the best friend it ever had. I can never forget that on the terrible ‘Black Monday’ of 1907 he spent half the day at the museum attending to matters ted with its administration with leness of mind and purpose as nothing were happening in the nection of the city, This wi characteriatic of the interest he always took in ite welfare, “It was his ambition that the mu- seum should become the greatest insti!- tution of its kind in the world, and he certainly did all he could to make tt so. Next to his family, and perhaps his own business, I think it occupied the foremost place in his heart, and the fact that this was #0 has resulted in its present prosperity and wise admin- tetration. Edward E. Mo@all, Chairman of the Public Service Commission, said: “No one can question his position as premier in all movements. tbat tenti to him. And yet that portion of the community which is fooled from day to day by certain false and corrupt Newspaper proprietors have been of @ contrary notion, 1 suppose. If thése newspaper proprietors had been in my place as Mayor, they would have been offering themselves for to Mr, Morgan. But I have no notion he would have bought them. He was a very large man, and I do not delieve he ever resorted to corruption, ae ALFRED DE GROOT DEAD. Aged Lawyer Expires in Old Hi make this country and the tes- timontals of his ‘ft itigens should ot: Part 'Biehm: be unetinted and) uncial Not] Alfred De Groot, nenlor member of the alone in commerdal ie w reat leader, but y great as a leader In every that tend- ed to alleviate the and to provide for the care and sustenance of those who are unable to care for themselves.” he the Breat law firm of De Groot, Rawaon and 61 ford, di the corner of Columbia street and Rich+ mond terrace, Port Richmond, He was born in the house in which hty-seven ¥ ago, and ved in it, His ancestors came from and in 1602 and were early settlers t Is now Richmond Borough. Mr. De.Groot was District-Attorney f Richmond County in the late forties ury, He and his law ed the law firm of De Stafford upward of) ™ Mis sister, Eliza, sur- as STOCKS IN LONDON SHOW LITTLE EFFECT. LONDON, March 31.—Tho death of J. “3 Pterpont Morgan had Mttle or no effect | rity on prices on the London Stock a vivi APs ABY. a MORGAN PLANS KEEPWALL STREET ‘ @ilent ase tomb when Mr.-Mabon hed Gnished reading. He put the question of adoption, anda great “Aye” rolled out from the assemblage of brokers on the floor, The bell rang again, and im- mediately the clamor and clatter of trading w: EARLY QUOTATIONS HIGHER Bave for the undertone of nervous- ness aad the unusually large crowd of brokers on the Goor the opening to- day was no different from the usual Monday morning quotations were generally higher than Saturday's close. shares of United States Steel was sold at 61 to 611-4 against Baturday’s closing price of @, but Steel soon rallied. With- in ten minutes trading was normal, with the market strong and steady. H. P. Davison, Thomas Lamont and H, Porter, Morgan partners, and Jud, E. H. Gary, chairman of the Unit States Steel Corporation, met in the Morgan banking house at 10 o'clock, Their conference lasted for fifteen min- utes, It was announced by Mr, Davi- son that J. Pierpont Morgan, Jr, would remain at his home to-day a: the partners of the firm who the city would probably issue a etate- ment this afternoon, The entire fpancial district @-flutter with flags at baif-mast an Bags drap-d without mourning within an hour after the news arrived that the greatest ‘Anancial mes had passed away. Every broker's office waa crowded with traders and eurtosity seekers. The predominant note of eats of Mr, Morgun was regret at the loss of @ great dominant genius, BIQ POLICE QUARD AT THE MOR. Crowds swarming toward the closed Goors of the Morgan bank made neces- wary the establishment of a police guard to kéep the junction of Wall and Broad streets clear, dusiness keeps them in the Gnancial centre stopped curiously as they reached the Sforgan bank and paused jong enough to take home the {dea that they powerfu) frame of surmounted by e topped derby enter or leave the portals. It was sald that the plans for the return of Mr, New York and for the funeral wouid ‘be made public as soon as they are perfected. NEWS OF FINANCIER’S York the whole city knew he had passed away. for a man who had held himself so eedutously aloof from the public, Pierpont Morgan occupied a dig place in the regard of the people of New York. He ig remembered as a man of accomplishments, @ bdullder—a creator, mation ef Mr, Mor Gelivered and almost servant ran from the home of young Mr. Morgan to the Morgan mansion next door, et the corner of Madison avenue ‘and Thirty-sixth atreet, The messages were delivered to widow of the her family. peared in a fi the home of his mother, he said to reporters: “Please don't question me now. Those messages have not been translated, After a mother, own house, He called the reporters and aald: “A statement will be issued from the office in a few moments, That ts all J can say just now, Mr, Morgan was deeply affected. The cablegrams had conveyed to him news Wall street received the first news bulleting, At @ o'clock the following notice was posted on the doors of the Morgan banking houses After the notice had been posted, the iron gates were clused and the shades of the bank- ing house were drawn, we be transacted by the Morgan banking firm until further notice, The Wall street district, opening of the Stock Exchange at 10) o'clock, was alive with comment and) Mr,’ Morgan had taken all steps to pre- | Vent @ panic in case of bis death, that The following statement was isvued’ at the. Morgan banking honse at noon: “Im answer to the many Inquiries received, 3. P. Morgan and Company state that Mr. Morgan's death will oceasion no change fn the firm; that bis Interest will continue and the business be con. ducted as heretofore.” ’ [he nad foreseen just what might j Ben and In his own farseeing way fad ‘anged for steps to checkmate an un- ‘orable movement in stocks, the mar- ket, nervous and erratic, was a mattor to cause interested brokers to worry. The biggest men in the street were early at their places, prepared to car: out the Morgan plans. Mr. Morgat Dartners were commynicated with ani gave instructions designed to protect interests of the Morgan properties. The news had came far enough tf vance of the opening of the Exchange rmit of a defensive campaign. It STEADY TO-DAY (Continued from Firat Page.) into the middle of a day's trading, al- ready influenced by information as to his real condition, PARTNER Of MORGAN THE PIRGT CALLER. The first caller at the home of J. P, Morgan jr, after the arrival of the eablegram from Rome was H. P, Davison, one of the partners in the danking house P. Morgan & Co, | ™¢ Mr. Davison comained but a few min. | Yee utes. br Ho was followed by Jefferson M. Levy, |; member of Congress, “Mr, Bamuel Untermyer must feel very sorry to-day," eaid Xr. Levy. “The in- quisition Mr, Morgan was put through, I feel, had much to do with iis death.” resumed. THAN SATURDAY'S, opening. The first One block of 46% of New York and George ¥. Baker, Chairman of the Firet National Bank, called and left their cards. Before noon many hed called at the home of Mrs. 3. Pierpont Morgan. —>__ TAKE INJURED WOMAN TO SEA|? w, that ein PANAMA, Mareh 31.—Mra, Thompson, wife of . A. Thompson, who has charge of Upper Mississippi River im- Provement work, with headquarters at La Cro Wis., was badly injured, pos- sibly fatally, at Colon yesterday. Mre. Thompson had been visiting the Panama Canal, and was just about to embark for home when she was caught in @ collision between ¢1 carriages, a sheft of one of them striking her in the abdomen and injuring her internally, She was conveyed on board ship, where she was takers care Of by a delo- gation of American s0rgeéns returning to the United States, a ‘Woman Feil Out of W! ‘While she rearranged a curtain in a window of her apattmem at No. 48 8t, Nicholas avenue to-<lay, Mrs. Marion Cox, twenty years ol4, lost her balance and Gell outWard. Neighbors picked her up in the courtyard a floor below and Dr. Tippeus sent her to J. Hood Wright Hospital, euffering with internal injuries. Her condition is serious. leader of modern ‘9 conversation about the GAN BANK. Thousands whose will never Morgen’s remaing to DEATH PREAD QUICKLY. hour af the news of Mr. death was received in New Then came the disclosure that, To put it mildly— Miloisthe |f/- mildest of them all. At your club and or Cork Tip. "as ie fy aad TRE SURBRUG co, és oA nd the tone of publie comment Los. red at the home of J. Pierpont Mor. rece! Halt immediately & the ncles by members of Plerpont Morgen jr. ap- moments ran 0 Qn the way hort stay in the home of hie Mr, Morgan returned to his only of the loss of his father, but hat upow his shoulders has fallen the financial burden that, the head of the house had earried for so many years. MORGAN'S ARRANGEMENTS PRE- VENT A PANIC. it Broad and ied dn Rome, Italy, at § tor Monday NUT CREAM STICKS—Aa moe tion at oe uae Seashore POUND BOX jonday’ Oltering m “Reh et et 19c i rn) arding the front entrance Announcement made through the regular chan- that outside of the clearance of esary papers, no business would , 84 BARCLAY STREET Cor. West Broadway 29 CORTLANDT ST. Cor. Church Street ark Row & Nassau St. At City Hall Park. | ior to the ension. While it was well known | REMEDY PROVED John Appleby Had Used Many Remedies for Thirty-two Years Without Success, THEN REGAINSHEALTH ty| After He Had Used Tona Vita, the Tonic Which Relieves Many Nervous Cases, More page Ad bound to bring in tl ng run. (er ire teen another medical which has so quickly demonstrated ite curative powers as Tona Vite, and is knoe! health is theirs for the asking. John Ap; Eltert Ave., Rockaway “I have been usin, several months and fe greatly. Di rs of married life different medicines without any success, by the inroads of be indicated by any of the following symptoms:—poor memory; susceptibil- ity to col Vins poor appetite; ee jon. Tona Vita can be obtained at any of the first-class dru; York City.—Advt. ; CORSET HOSPITAL—CORSET SHOP 500 Fifth Ave., North of Library. Women Avoid Poisons! ALTY.—March 80, MARY ALTY, Gaughter of req at Bt. Cross. COLLINS —JAMES PHILIP. the eum of Mary ai Decatur Mount Vernon Argus please copy. 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Expert fitting and altera. doné WitHout ety Cérsets from Brassieres from $1 Northweet ‘Second Fleer. ‘Tyree’s Antiseptic Powder is a house- rah and James D Peter's Church, Interment Holy the late Joba Collins, 2709 Tuesday from Chureh of Our of Mercy, 10.30 A. M. te pavers, Retum, reward, Remick, third floor, $0 Ferry st. coL- LINS CO., 34TH ST., HELP WANTED—MALE. Avply Supt. Pyreve Mig, Os,, have bad labels, “Call Th told Box Works, 511 ¥, 12d at, POUND BOX Tuesday's Olfer! aad ese how dellah oe are 206 BROADWAY I Cor. Fulton St. ~ 147 NASSAU STREET Bet. Beekman & Spruce Sts 266 W. 125th STREET Just East of 8th Ave. /