Show n NS Ns PLANS MORGAN mm FEAR JH Tn f t ds d's Kings King's S Ambition BanKs of Wall WallS S NearlY t Nearly Realized i B it the heading Had Had Harrin Harriman an dlf i the Metropolitan Magazine b the tho following Harriman's connection with with the ibis ble Lifo Assurance society I one of the most dramatic cpi cpi- i of f his career he be world well remembers rs the tho then thoD un un- Harriman's n D which greeted ful eft eff efforts to have havo Thomas Jr I. sharo with him the control or ot Life Lite after tha that gentled gentle gentle- eJ d' quietly purchased Hyde Hydo's Hydos s June B June 1905 Ryan had tc tosti I. I at Harriman Hamman threatened to bri bring h him hiru l I ila lis influence to bear against w i ho would relinquish to Hama Harria Ham Ham- a half huH interest in the purchase irna iman alleged bad faith on the part yan lyan after he had assisted Rr Ryan n Paul Morton elected chair chair- of ottlie the Equitable board When hen At At- I iy Hughes r H asked ked on t th the e MS s stand if he ho had brought his nee ance to bear boar against Ryan Harri Ham retorted Not yet t Yet Yet Was a Threat n clearing up up- some o of or the inci- inci d with this thil affair there here reason now that Mr Harriman ad why the world should not be how bow that that Not Not yet was as realized how bow Mr Harriman n finally tri tri- led in the tho Equitable matter while in the shadow of ot death ess ess than a year a ago agu o J. J P P. P Mor Man anxious to extend hi his banking inc in in- c e went to Mr Mn Ryan an eager r i for Mr Ryans Ryan's Equitable stock Ryan was waR embarrassed Ho was ad d to say I I am sorry orry I have half balf mv nn interest in the Equitable to E. E H H. Harriman Mr Morgan angry and chagrined not to sa say Harriman had bou bought ht confor confor confor con- con for it amounted to control of Equitable and arid nobody knew w nn any any- about Labout it Ir In Mor Morgan an learned earned at et about the time that Harriman had secured ol ol of the great Guaranty Trust Truet any The Th new acquisition gave c a LIsa LiSO control of ot the Equitable Trust any the Mercantile Trust comand comand cornand com com- and the powerful Bank Mr loIr Mor Morgan an was as alarmed ore ere other bankers in Wall street when they learned the tho news The They visions 0 or of Harriman exerting his hist t ty by energies toward the establish establish- t a gigantic banking fc f Goes to Mahomet cordin l Morgan went to Hartt Har Har- 11 tt to see if he could buy bur control l ISO ie Equitable at all hazards H Had d jt Jf step by step yielded his great nee ace in the railroad field Was already kin king of the rail- rail situation f Could not he Morgan the sphere of his banking bankin in in- 1 pf fit Must Harriman compete there If I If Harriman would sell he could anything thin else ho he wante wanted In In any n Morgan wanted no ut competition tit hut Harriman demurred What Morgan give him 7 True frue hess ho he toss loss ss of the railroad situation But ButI I ranks for far that to Morgan or an any any- tec e e. He had had to fight for that hard Moreover he was in situation with with both feet o C could not sell seU to Mr lr Morgan 1 hIen eu existed ono one of if the tensest situs sit sit- us S. S Wall str street et has ever contained the rank and file knew nothing it What the outcome would have havo haveis is is hard to say for in the midst all Mr Harriman lied died Fate Fato was wasing wasing in ing for Mr Mor Morgan an Irs ins harriman had no use for tor the banking bankin power that her husband been gathering around him She to Mr Ir Mor Morgan That gentleman a great reat trust merger Tie TIc pan a smaller scale what Mr man Iman would have ha done on a a much r scale for Mr Harriman had rip on other banking institutions r he planned to merge the names may mar not be mentioned here Mor Morgan an became became the overwhelming Lug irig power in Wall street Mr Harts Hart's lIar lIar- Spa t's as death chan changed ed the course lU Ill 11 street history powerful Enemy nemy kid so 50 Harriman with a persist persist- which in all things am amazed his intimate friends had bad brought t to his knees He always ys felt that d not been properly treated when bou bought ht Hydes Hyde's stock Whatever o ed d Ryan to sell seH to Harriman later can ean only guess gues Harriman Ryan And Harriman powerful po en enemy Moreover heo ho he rowing Bowing o mg more powerful every day PS is Mr Ryan felt uneasy at t the thet t S of such Buch an enemy enemy- hovering him morning and night An Any Any- got Jot what hat he be wanted wanted- at he bc would have o used it wise wise- well wen nobody who really knew n fl n will doubt Harriman's death changed the course of Wall street 11 history e 0 trend of developments in tho the field Had he ho 0 lived beave he lie heave ave finished doin doing to the railroad in U in the east t what ho did to i road situation i in the west and railroad would have ival i l worthy the name Because leath eath the east has haa lost ton ten years oad road development and even en more moret t has been leen lost to the south r i. i Mr Harriman Hariman would have ha pros pro ln in the orient is IS a question but would have ha built the Manchu- Manchu y and driven a trunk line flue I heart beart of Siberia I firmly bout bo c. ut t his banking ambitions would all else for Mr In n D had bad his bis plans well weIl laid for I of ff a n. banking a n Wall street with himself as asit it t whose whoso deposits would have |