Show PRO PROFIT F IT MADE WITH NO INVESTMENT How Morgan Syndicate Cleared care Up Good Killing in Transfer o of Monon onon Railroad NEW YORK ORK Au Aug 21 on 21 On an Investment of or nothing the latest syndicate formed ormed by J J. J Pierpont Morgan has received a n profit of or O Wall street does not remember e ever ever er r ha having Ing heard of any financial operation quite as re- re e as ns this IThe I IThe IThe The money was paid to the syndicate formed by Mr 2 Morgan to take over the Monon Railroad f for r Southern a Railway and Louisville Louls t Nashville The absorption a of or the road apparently required the services of oC an underwriting syndicate and Mr Morgan sent out the usual notices Inviting subscriptions There was the usual ready rendy response for Mr Ir Morgans Morgan's syndicates tes are arc po popular ular because of r the big profits they usually bring to their members As It turned out It was not necessary for the s syndicate to subscribe one dollar The They stood ready reach o of course to pa pay over the mone money whenever Mr Ir Morgan Morgan Morgan Mor Mor- gan needed it It but he did diet not need it Tho The syndicate as assumed umed the responsibilIty Ity ty and therefore was entitled to the tho profits Mr Ur Morgan raised the cash necessary to carr carry out the scheme by the tho sale of ot bonds which the syndicate s received |