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Show MODESTMORGAN.JR. Finance's Crown Prince Keeps Out of Limelight. Business and Family Absorb Interest of J. Pierpont's Son, on Whose Shoulders Father's Responsibilities Responsi-bilities Are Being Placed. New York. J. Pierpont Morgan, Jr., who came into national prominence promi-nence recently by being elected a director di-rector of the National City bank, the greatest financial institution in America, Amer-ica, is known to his inmimates as "Jack" Morgan, and does not fancy the limelight. In many respects this crown prince of finance is, as James J. Hill recently said of him, "a chip oft the old block." In appearance he is the image of his father 20 years ago. "I have never been interviewed about myself, and I do not ever intend to be." Mr. Morgan said the other day. The emphasis he placed upon his words bore a close resemblance to a prominent characteristic of another Morgan. For five years young Morgan has been in training for the industrial branch of his father's great enterprises enter-prises under the tutelage of no less an authority than James J. Hill. The young man, who is a director in the Northern Pacific Railway Company, has studied railway finance with the same system that he went about the study of banking upon his graduation from Harvard University in 1899. Young Morgan was born in 1867 in New York city. Since his graduation from Harvard he has kept up a personal per-sonal interest in the institution and he is now one of the overseers of the university. He began his business career ca-reer in Boston, where for two years he worked as clerk in the banking house of Peabody & Company. He then came to New York, and after a short time spent in his father's office he was admitted to a partnership in the firm of J. Pierpont Morgan & Company. Com-pany. He worked for six or seven J. Pierpont Morgan, Jr. years, and so diligently did he keep Ijis nose to the grindstone that little Dr nothing was heard of him by the outside world. Young Morgan next went to London, Lon-don, where he was given a membership member-ship in the firm established by his grandfather, as Morgan & Company. He remained there for five years, alternating al-ternating between London and Paris in the latter city in the affairs of the bouse of Morgan, Harris & Company. In 1904 he was permitted by his father to return to New York city and prepare pre-pare for the responsibilities which would be his when his father shall decide he is capable of bearing the burden. Mr. Morgan, Sr., has planned to retire from the activities of business busi-ness life just as rapidly as he can unload the responsibility upon a younger and sturdier pair of Morgan shoulders. Young Morgan is a family man. With his wife, formerly Miss Jane Norton Grew, and their four children, he lives in modest style at 231 Madison Mad-ison avenue, occupying a house adjoining ad-joining that of his father. His chief recreation is sailing a boat week-ends on Long Island Sound. His 30-footer, the Ibis, is one of the swiftest swift-est craft of the New York Yacht club fleet and is all the young man has to offer in the way of ostentatious display dis-play on the water. His father's love for literature and art the son has inherited, but so far he has been so absorbed in fitting himself for the responsibilities the father is about to unload upon him that he has had no chance to gratify these tastes and longings. |