Show IS DAD am AMI I 1 ILL ola A SHOUT TIMP it com atut about A aik eckl oik of pil ua aa 8 UK money trust cletu hearing ing ingli cause arz f n block Alar markets kits sob not effected NEW YORK march 31 J aler pont pout morgan ia Is dead lie ile died at 1205 p in rome time this announcement noua no was a ada by the officers of 0 J P morgan co today alear P davidson Dav ldson a member of the house of morgan made the announcement no noua cement he ile eald said merely that bo he biad ad received a cable saying that tho the financier had passed away shortly after noon davidson had plan nd ned to go abroad some time thie this week but it U I 1 Is thought probable that thia trip will be postponed coincident CoLnel deat with morgans death it bedami known that he had buffered a serious attack before bis his departure for europe but rallied so rapidly aaa it wae was not considered a forerunner to fatal illness and wa waa known only to a his moat intimate friends for many ma ny years morgan a considerable portion of his time abroad but on this trip for the first time be he severed all connection with bustnes affairs bind ead permitted hi his partners to shoulder all responsibility lity tor for their conduct it was the tint first instance of his taking euch such a complete rest since be he entered the banking business busl nees in this cit before the civil war prominent bankers in thia this city eald said this morning that they did not riot predict any decided unfavorable effect on the stock to eket ket by reason of 0 morgans death the reason of this they explained was that the recurrent rumor rumors of bis his serious IN ness had prepared pro pared the market for any and enabled those engaged eaga gt in market operations operation i to prepare tor for juet just such a elt situation dation dr 31 alien allen starr of new now york cailler into consultation over mor gans van llanes attributed the thel financiers breakdown to emotion caused by the investigation carried out by the pujo e at washington tato into the operations of the money lua ills early Itla tory story john pierpont pont morgan started ble his business career half a century ao av oa a the board bt bf directors of abarge large maritime insurance company he ile secured the position through the in clence of hia his wealthy father for a year young morgan I organ attended ohp tb directors dir ectore meetings but never cd ed his ht mouth except to vote tho the president of the company told the elder morgan that nothing could be done with hia his eon son who emed to take little interest Inte la business busl aesa joha john pierpont pont all fie vic time plans for his first railroad ranst ruction which when established ble his eland stand ela nd ins itt in wall street as a the only oaly man who ever got the better of jay ja gould tho the sobriquet of sphinx of wall street I 1 later was the appellation a to the man who at first wa waa believed beller cd to hare have been without bustness acumen but later became the supreme bead head of Ante american rican finances morgans control over men and money was the dominant keynote of hta his life others perhaps were wealthier than morgan Nl organ but it he com added his wealth and that of others t the height ot of hia hin power he Is id to hive controlled fa 9 mr morgan came canie from an old puritan ew england family dates back in this country to 1636 he ile was wa born in wealth hie ills father junius spencer left him 10 00 and he be inherited important connection J a 8 36 morgan bad bed accumulated his fortune fortuna in the iry goods business with lev levi 11 I 1 and later as an associate of georgo george peabody Peu body merchant banker and philanthropist DEATH HIS it HUT BUT 1 ON STOCK AI 11 tILt NEW YORK march larch 31 there was ay excitement and no marked ch coan prices during the open ins ing semion Boe aion of the consolidated ex change which opens half halt an hour la in advance of the stock exchange the stock market bore up well under the news of morgans death opening prices showed declines tn in almost no caso case exceeding a point supporting orders rallied the market quickly trading showed no evidence e of nervousness i |