OCR Text |
Show fKg- Heitor - House of to MoFejiv Edible Eiture Ejjjure nr Einan.ce dim fcaid 'fc lot Pt jor laleveral 'lif at n i Louii u Ml!y att Car Sr HAW kkaciij OISE, riet sCi" mmmxmnmsyZT' What that congeries of which Is usually uncial Interest Wall street" has been oken of as iking forward to anxiously and. with for several years uch. speculation t actually come to pass in the The Old Man," louse of Morgan." J. Pierpont Morgan is generally lied in the street," has to all in nts and purposes gone Into retire ent, and in his place in the most moos banking house in America ere reigus in his stead J. P. Morgan, as he is more frequent-calle- d , or Jack, and spoken of in the same trlct No one can cry. Tbe king dead! Long live the king! for the rid of the house is very much alive, nip he has handed over tbe. practical Imlnlstration of his banking con rns to his son, while In his magnlfl-nt- . new library on East Thirty-sixtreet he is spending the evening of i daps in the pleasures of the collec r amid his collections. Like all of the things the elder Mor it does, this change in hia banking line was accomplished with little iirUhing of trumpets. So quiet id gradual has been the process that itll the last few weeks but little n has been paid to the impor-m- t change which has for several iars been going on in the house of organ. John Pierpont Morgan, the rst financier of the country, and per-Set York. h ) I P of the world, od he itioti don 3UUM VI! imui )QUfr! g it dl itie: has practically inied the reins of power over to his a Jack. Of late Morgan,. Sr., has t been in any too good health, and more than a month has not been the financial district at all. Every ma the stock market tumbles reports are circulated from tnd of Wall street to the other od Ot lasfca the old man Is seriously In spite of ill, frequent denials from iher members of the' firm, including rk. the rejmrts persist and come the surface at every favorable op rtunlty. wka Leisure in Old Age. adC But there seems to be nothing lm rent' lediately alarming in Mr. Morgans Wr. 'ndltion. He is merely an old man, kSi nl I tut 'ties ofretiring from the multifarious his position as Americas latest financier. As he has with 10 from financial worries he has voted more and more attention to ,rt and charity. The more time J. P. Morgan spends ong his art treasures and the fewer 1 Business cares, the more these ara and responsibilities fall upon k Morgan. In fact, the afTalrs of house of Morgan are now in J11 i!n h hand of three men, J. P. Morgan, !" Grgo W. Perkins and Charles Mr. Steele is the legal man, 0 that tho work, heavy financial onnerly tho joy of The Old Mans" ,n the hands of Jack Morgan 7 J erklns. Not that these are the "uy members of the firm, but they ! the active ones. The stock firm of which John W. Gates n member has frequently been wd The House of the Twelve urtners," The Morgan firm hat 11 wtners, but the members other than l0 mentioned are little more than t ex-nu- Clerks. Morgan, inexperienced J'. ,n Jr., Is by no means hoy. He Is exactly training In the f banking has been long . "u thorough. Whether he will prove n 0 world of buslneis has been remains to be en blt H genius consists In an ex y vutlon to hard work he may LttX ,ttVorb,y wlth W lll'iutrtous ntrf' Chracterlitie blR of "Jack,' athlete, and, although football, golf and riding have at various times engaged his attention, his chief delight Is in yachting. In 1903, when he was working in the Ixmdon branch of his fathers firm he returned to this country for a few months chiefly to see the international yacht races. Jack Morgan has none of the bad habits or frivolities that so often characterize the sons of the very wealthy. He is exceedingly methodical, and during the years when he worked as a clerk in his fathers office and lived in New Kochelle, lie caught the 8:21 train to New York as regularly as clockwork. Though lie goes about in society a good deal to please his wife, he cares but little for the pleasures Even if he does of the smart set. not prove as' able as his father he is certain to make as many friends, for he lacks the brusque manner for which the elder Morgan is so noted, and which has grown uisin him with years. Young Morgan is an affable man and Is far jnore democratic in his mauner than the organizer of the Steel trust. Although he lived in England for quite a time and is said to have introduced the custom, so unusual In this country but common enough among English bankers, of taking afternoon tea In business hours, he is nevertheless considered thoroughly American. His devotion to the Hritish beverage is shown in one of the best pictures of him extant, a snapshot showing hint gettiug Into a motor car and carrying a heavy afternoon tea basket. Has Father's Desk. Within the last few weeks the younger Morgan lias occupied the desk where for many years his father worked, and besides which nearly every important hunker and railroad president in the country lias at Rome time stood and often trembled. The in raining which the son lias had all place till this important to order has been practical and thorough. He was graduated from Harvard In 1889, and Siam cnloied Ills father's office, where he began at the bottom, both as to pay and nature of employment. lie worked successively as loan clerk clerk, bond clerk, corresponding beand through other grades, lie In 189.p. During came a Junior partner the period of ills early training lie Rolived during the summers at New s chelle in a house close to the water It of fond yachting. edge. Although is related that lie would seldom take a day off to enter a yacht race, and on one occasion asked the managers race of a yacht club to postpone the afterfrom Vednesiluy to Saturday noon, so that he could be present. Had Charga of London Homo. was In 1901 tkn younger Morgnn conwas he where Kent to London, nected for four years with the house Toward of J. Spencer Morgan & Co. the latter part r his stay there, espeof one of the cially after tho death older partner, ho took entire charge About two of the London house. bl" M, returned ho ago year time to Ms devoted since try and haa A a yet tho business of the firm here. In but few director a he haa become in which of the Intporant companies this is hut I Interested, Morgen. Sr., In time he Is and only a formality, fill those many lKisItlons. Nevertheless he has been a director o the most for several years In two which with Important corporations Is Mandated, the Infirm the Morgan comternational Mercantile Marine rail- Iaclfle pany and tho Northern n" are the Union. Metropoll-- . University, Racquet, Century, Harvard and New York Yacht, while in London he belongs to Whites. St James, Devonshire and Rath. In 1899 he was married to Jane Norton Grw, Senator from Massachusetts MINES AND MINING' Approximately 7,000 men are employed in the mines of Idaho. Tbe total dividends paid by Idaho mines for the year 1906 is approximately 37,000,000. The Dreamland, In the Rosebud section of Nevada, is in four feet of ore that will uverage 350 per toii. of Boston. Morgans Fine Art Gallery. Meanwhile Morgan, Sr., is spending nis days in his beautiful and art gallery on East Thirty-sixt- librarystreet that is connected with his brownstone residence at the corner of Madison avenue. As has been said, lils concerns nowadays are more with his esthetic treasures than with the material things of Wall street. Here his partners come from time to time to consult with him, but in the main he is left to spend his days as he pleases, possibly laying plans for the future presentation to the city of his new library and the turning of it into such a gallery as the Tate in London. There are years of this work ahead of him, for his varied collections are so large that it is only with these leisurely days that he can really be said to have an opiiortimity to become thoroughly acquainted with them. Morgan lias been culled a close man and anecdotes have been told of his having given a gold piece to a newsboy in mistake for a quarter and sending a policeman back to recover the yellow coin. Rut there is no doubt that Morgan has given great sums to charity and that all his gifts have not been heralded abroad as have those of other millionaires. As for art, his hobby for picking up masterpieces in every quarter of the world is too well known to need repeating." The library building Itself is a proof of his prodigality. Two years were required to build the library. Its cost was placed at $300,000. In It are gathered many of the choicest art objects and books on which the finacler has spent at least 110,000,000 during the last 20 years. h Parties returning from the east dethat no state is better regarded by capitalists for legitimate mining investments than Utah. clare ator from the state of Massachusetts. He stands high in tha councils of his party and is often called upon by tho president as adviser In matters of stats. A MODEL CHILD VILLAGE. FOR BY WILL OF AN ECCENTRIC MILLIONAIRE. h rook. .aim on the Reading PROVIDED Mexico Haa a Way of Causing Disturb-er- a to Disappear. Mexico, of all nations wherein Spanish blood predominates, alone seems to understand the shortest and most satisfactory way to dispose of revolutionists. Central and South American countries hardly have breathing spells between revolutions. Cuba has been indulging in one continuous revolution for many years. Santo Domingo and Hayti are ever at it. But Mexico lias reduced the revolutionist to a cipher. If he exists at all in that country he is scarcely ever heard of, except In a way that shows Mexico's complete control of him. The truth of the matter seems to be that the South American revolutionist Is a business man at his trade. He "revolutes as a professional matter. In Mexico as soon as a man shows any symptoms of the revolutionary disease he is unceremoniously bundled off to jail and allowed to think It over behind the bars. If he Is at last released from durance vile and then behaves himself all may go well with him. Rut the government keeps an eye on him and in case of a relapse he Is quietly taken out to some secluded sjiot and cheerfully shot. Then the report of the mysterious disappearance Is given out. Obviously it is rather a depressing business to conduct, aid or abet a from behind steel bars. In fact, there is absolutely nothing insldo of a jail calculated to keep the flame of revolutionary desire brightly burning. However, should the would-breorganizer of governmental afrev-o.utl- e - TXlAAjUVI iTlTirr HP UW ESI railroad 13 miles north of Philadelphia to create there the model child city, a little New Jerusalem for the boys and girls resAim of Seybert Institution Will Be to cued from Blums. Train Poor Young and Develop Seybert was a chemist and a son of a distinguished chemist, led a sinThem Is First of Kind in gle. romantic, eccentric life, studied tho World. and traveled abroad, lived three years Philadelphia. The Seybert Institu- in Paris, left a bequest to tbe unition children, with a $1,500,-00- versity for investigation of .spiritualfund juBt available under the will ism and gave the city tbe bell and of Henry Seybert, who died in 1883, ckck which rings and marks the will go into tbe business of relieving hours in the belfry of Independence poor children at the rate of 1,000 a hall. year, first by an arrangement with the WHITTLES BOAT WITH KNIFE. Childrens Aid society to open a children's bureau at 1506 Arch street on l February 15; next by creating a mode! Ohio Man Makes Miniature of Packet During L'isur village, unlike anything on earth, on e Moments. a farm at Meadowbrook, with cottages for 300 poor children and facilities; next by setGalllpolls, O. Andrew Wode, of ting np a training school for. child Pomeroy, has made a miniature steam. svsrs. . , boat which is patterned after an j ,. ' work river sidewheel packet An ordinary Other branches of will be developed in the future as need penknife was used in Its arises under the Seybert Institution, construction, the blades being nearly created by the bachelor benefactor In worn out; before it was completed. Mr. honor of bis father and mother, Adam Wode did the work during odd hours, and Maria Sarah Seybert The full and completed it in less, than three text of the announcements has been months. The hull of the boat is four feet handed out by the trustees of the Seyciti- and two Inches long and 14 Inches bert Institution, all wide. From the bottom of the bull to zens of Philadelphia. The childrens bureau, a clearing the top is 30 Inches. Tbe swing stage house In Its way, begins business is 26 Inches long. On the lower deck February 15 by going to the relief of are the boilers and engines. AH the the Juvenile court It offered by a let- figures and the yawls on the davits ter to Judge Rregy to provide for were whittled from solid blocks of destitute and neglected children and wood. In the rear Is a those whose delinquencies. If any, are bar room, wltli bartender and customnot sufficiently serious to require com- ers. A faucet In a beer keg looks like the real thing. One passenger Is In mitment to the house of refuge." The Children's Aid society, now har- the act of turning down a glass of ing 1,100 children under its care. Is to beer and the nickel Is on the counter work side by side In the same office to pay for It A figure on tbe forecastle, wearing a building and all the agencies are to tile hat. Is credited with being the he invited to participate In harmonizing and developing the work of child captain. Nothing Is missing from the saving and child training, child em- outfit of the boat bell, whistle, stove in the pilothouse, spars, etc., are all ployment and child legislation. The Seybert Institution offers for there. It is made entirely of pine and popixior girls the nearest approach to what Girard college is for orphan lar, except the wire at the end of the swing stage, the glass In the windows boys. Its model village (or 300 will be the and tho small nulls used In fastening first of Its kind In the world. The aim the various parts together. A man Is that the Hie of tho children shall be can carry It under his arm. It Is paintas near as possible like that of a nor- ed with great care, and Is named ma child in a family home In a small Urlka, suggested by a ship of that community. Engineers and architects name, the picture of which Mr. Wode are at work on the plans for Meadow once saw. 0 for-poo- Side-whee- 300-acr- school-trainin- g child-savin- g two-blade- d well-know- INDIAN WINS WHITE HEIRESS. Entrance to J. P. Morgans Private Muaeum. Magnifl-cen- t cal-cult- Laltn-Amerlca- n Lumber costs anywhere from 360 to u thousand delivered at tho mines In the Ely, Nevada, district, and In many instances it canuot be even at that. What gives many indications of being a rich copper region has been discovered a few miles northwest of the town of Schwab, uear what Is known as Cow Creek, in California. as An unfavorable water season, well as diminished activity in deep regold mining In Owyhee county, duced the gold production in Idaho In 1905 by about 3500.009 to 31,075.600. Good of The mining district little while very giving Nev., Springs, news of results to the outside world, la registering achievements of merit that cannot but impress the average seeker after results. ' One curious fact Is that only two of the six blasting accidents in Idaho last year occurred In the Coeur dAlenes, which uses 80 to 85 per cent of all the powder used In the state, and one of these was In a prospect hole only twenty feet deep. Superintendent James E. Beveridge ot the Emma Copper company has no tifled the Salt Lake offices of tbe company that the drift has gone Into the recently encountered ore body for a total distance of forty feet, and the ore Is growing rleher with each shot The property la located in Alta 3T5 HOW TO STOP REVOLUTIONS. fairs fall wholly to divest himself of his aspirations while Inside the Jail he has an even more dreary prospect ahead when he gets out. To die the death of a martyr to the cause of revolution may, In specific Instances, apiteal strongly to a sashed, bucklered and belted knight prosurroundings vided the spectacular necessary for a correct and approved death In that manner he also provided. Rut Just to "mysteriously disappear that Is not alluring, attractive or to Inspire. On the whole, It look ai If the Mexican Idea hat stmtd the test of of titnn. The great man at tho head the Mexican government la not alone by a great himself, but Is surrounded has splendid corps of advisers. Never recede or to allowed been lig Mexico as other nations marched forward so la command. long as Dial has been The bane of other revolutionist has gov rnments the In Mexico. to naught been reduced W there revolutions few are There York ''' Voting Morgans Now President otherwise. or bouffe whlth prac opera 229 Madison avenue, s Dlu has made good riddance of prac of residence the tlcally adjoins His tlcally 11 'ch bad rubblaU. at SI9 Madison avenue physically, six feet 200 pounds. wlghlng b,i rdlege days he has been an father ,M clubs here die-trlc- t, Utah. J.. W, Burnham, manager of the Southern Pacific company, operating the property in tho Sierra Madredla-trict- , near Ogden, says that while the company owns a copper mine of splendid proportions, the management , la showing up gold values that make of the property a proposition of additional Interest. In the Lee and Echo districts of Inyo county, California, are to be found conditions existing that Beldom attach anywhere else on the globe. The veins are wonderfully well deWhile the fined In both sections. surface showings as a rule are not ao great, even shallow depth haa shown splendid ore bodies. In the very complete review by the state mine inspector of the great mining section of the Coeur dAlenes. it Is shown that this district last year produced 98 per cent of the lead, 87 per cent of the silver, 55 per cent of the copper, 95 per cent of the sine and 6A4 per cent of the gold and all the antimony of the state or Idaho. There were seventeen fatal accidents In the mines of Idaho In 1906, as compared with twenty In 1905, ten In 1904 and twenty in 1903. Six of this year's accidents were front explosions, four from railing ground, four from falling down chutes aud and one each from handling timber, tramway and a fall from stags, ing. Following the consolidation of the principal producing mines in the Goldfield district, it is announced that a new combine has Just been formed to take over other producing mines and a few of the largest producing leases now operating In the several proven The new sections of the district. company will have a capital of , $1,000,000. , A deal was closed last week that gives to Salt Iake one of the biggest mines In the Yerlngtun district. The $1,000,000 option ou the famous Ludwig mine thnt was held by Joseph 12. Caine and Max Jttnghandel, the latter of Tonnpuh, was purchased from them by Frank J. liagenbarth at au advance that gives the vendors a good round aunt. Within two years Ely will be producing more tonnage than Butto," is a Nevada niinlug operators concluA single claim In the heart ot sion. Butte today alii bring unywhero from a quarter to a million dollars just on account of Its location, and upon which there may not he a single speck of visible copper. What will Ely be In two ycara or leas?" The committee representing the farmers of Suit Lake valley who obtained Injunctions against the operation of the various smelting plants on account of the damage done by fumes and gases to vegetation, officially announces that an agreement has becu made with the American Smelting ft Refining company that wilt permit the operation of the works in tbe future. From the manner lu which Seven Troughs stock la passing hands on the stock exchange these days It is evident that Salt Lake Is very much Interested In this company and the district in which the property is lo- with her sister, owns the Colonnade apartments at Colfax and Marlon atrevta, found In the handsome redskin her soul's affinity. They beDenver, Col. Miss Cora Arnold, a came engaged and marriage waa denealthy young woman of this city, cided on. Hut friends interfered. Albino who le engaged to marry Their ImiKirtunltles were heeded, and Chavarria, a Pueblo Indian, has re- questions of religion also had anme ceived word that her lover has been of the hearing on postponement elected chief of the tribe at Kspanola. wedding. N. M. Fhe expressed pleasure and said that though opposition still exThis One from Horace. isted to her engagement she hoped "One of the best examples I hi fur the best. She and her sister own ever seen of the perversion of me; much real estate here. Ere many moons have sped into Ing of words through a whimsical eternity the Denver heiress may Join cldent. said Wilton Lackaye, I fou her dusky lover and bring to a happy in Victor Hugo's Les Miscrabl stage a romance from real life that while arranglag Its dramatization finds not Its counterpart In the tales The Law and the Man. The autt tells of a sign over one of his tavei of the poets and novelist! who depictIntended to read Carpea au Ori ed the aborigine In song and atory. Gov. Albino Chavarria it la now. meaning that the traveler could tin The course of true love haa not run obtain carp fried In grease. "The painter evidently followed I smoothly for the Indian chief and hia Denver inamorata. They first met phonetic idea and the sign appeal when Chaarrla waa brought here Carpes Ho Gras. Then tho strati cated. with his tribe at a carnival attract- accident happened and in tho falll ion. Added to n magnificent phy- of piaster tho 's of carpes and I Tbe Rosebud district, In Nevada, ie sique, tbe Santa Clara brave has en- g of jras were obliterated, Icavl experiencing the boom expected after unusual educational advan- tho slrm, Carjs Ho Has,' and fr joyed the severe winter weather tage!. He Is a cultured redskin, and an original algr of gross material! and people are going Into affects tho white man's dress when t became one of llornrcs pretth There are tbe camp continually. oJea. Carpe Ho ta in tho white mans cou.ry. Seize the houi town 300 in and perthe about people rcaes while ye may. Tho wealthy Denver woman, uv gather ye haps COO in the district Fiances Pleased to Hear Lover Elected Chief of Tribo. la |