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Show pOREl K of the American Finan-B Finan-B World Believes Time Mas Come to Lay Aside K His Burden. KS NOT INTEND TO Bdib IN THE HARNESS une Is Estimated in the Bghborhood of $300,000,-Bo; $300,000,-Bo; Son May Take Va-Bcant Va-Bcant Place at Helm. .emational News Service. .BjV- YORK, Feb. 11. T. Pierpont Kjforsnn, czar of American Una nee, :H;irts retired from active business j'H;- Tlic business interests of J. P. (Br & Co, arc now in the hands of Enger partners. Mr. Morgan hini-''Bho hini-''Bho loiib'cr nl the helm, nor docs ;Hbid to resume that post when he jKfrom Egypt. 'as definitely l.ild aside the bur-K bur-K uares which he has home for -lBfre. and Jiss decided to net hcre-'Kly hcre-'Kly In an "advisory capacity" in 'IKlrs of his firm Kintll today did it become known !Kr- Morgan, just prior to his de-jKfor de-jKfor Egypt, on December 29, called lwcnccof his partners and iiequainl-hvI iiequainl-hvI wIHi his Intention to retire ! flKlve businesa affairs. The part- jKl kept the secret with care. iBforgan on that occasion made the assertion thai his entire per- ;fclune was at the service of the would remain .so in his life- in'P 0"u outside of Mr. Morgan K6T' uf his most intimate asso-gBwirs asso-gBwirs iov great that fortune is. Hlmated to he at least $300,- ECRt finanoler expressed to his H'Umt he felt compelled to retire Kpl his age. lie Is now in his Bfth yonr, ,ini has stood lhe wear financial leadership for half Kicd now. he fald, according to knowledge of what trans-wte trans-wte Morgan conference, to trans-esponalbllltlos trans-esponalbllltlos to younger shonl-Bc shonl-Bc will still act in an advisory Bj:..wlsli0K no longer to take the H;0rin any way to participate Rn financial affairs. Ho fell ob-V. ob-V. insider (he fact that he had HPie time wh;n hard work should Klde nnd energies conserved. back on his titanic acbieve-itallrond acbieve-itallrond and imjuslrlul finance, MKan ;id milled that ho fell his Wfcrer had closed. "In event or B'" a- phrase Mr. Morgan i'VMK'wn heard to use before, yet i 'H'"1 It m his conference with j M?frs" e told them that he did 'Rjt0 rc",ain m harness until "SJaaure Transfer. f of this t,clKj of thought do nrrangoir.cnis lo have ires transferred from Eng-I'nltcd Eng-I'nltcd States. In n cxplu- hiternatlonal News S'erv- ranarer with great roluct-RPPivclntiiis; roluct-RPPivclntiiis; the constant J coiuteelcH received and 1 Ion M.oW1. by every one In b?hi?r sip American oltl- no other way for me -lC, ; duties by bmh American authorities. In ease of my duties would amount to a n of the value of the Col-J Col-J eanuot but think that " that i ,, n()t c;illl,d 0fo this unavoidable situa- . " "",J u would be 7 I m,1 for the corpora-4Htllm corpora-4Htllm ,h . ? be" 0,1 ''"l-'ortnnt SSlBSL 7 "h h,K actKi rather JStBw rm'linl,,e at "I" Post faKr "a r'rolllIon8 lime. SSB!e0d,,t0 M VWn",! they $JB&hL ,uhaU'c to take hlfc ?SB42lJ: r'h,,r,e si. SlB527fn? Ir- Korean url !Btlp; ' L ffl bett,r lBtl , dMv,'"Rr a homily Tl'im In ",at U,0rO Wcro Bbat hu11," W country- - 'nor," h,H Wor,,J ' HiMk p ' ,r,n8- T"c Political V, jMbrli, nnla,,,. "'. taking 0'S COimtn" Magnate Who WillWithdraw From Business |