OCR Text |
Show RETIREMENT . OF MORGAN Renewal of Rumors That l Big Financier Is Letting: Go of Business. NEW YORK, May 4. Publicity is I given to . the Impression ' that J. Pierpont Morgan is preparing to retire from the center ' of the bus-lnesa bus-lnesa stage. It Is reported that the great financier is gradually relinqulsh- ing control of large Interests. In proof of -this, it is cited that . Mr. Morgan has withdrawn from the rating trust of the .I.Erie railroad, and that the election of , -' E. H. Harrlman a few , months ago -- marked the entry of a new and power- ful interest In this property. Only re-; re-; cently two business1 associates of Mr. - Harrlman were elected to vacancies In , the Erie board, thus Indicating a defl-' defl-' nit. Intention to take an active part in - "the management. Simultaneously with Mr. Harrlman' s accession to Influence in Erie affairs Wall street learned that - - James J, Hill and Mr. Morgan were les-"'senlng les-"'senlng their financial Interest in the property. |