Show tIM NE' NE f Morgan Makes It a Present Plesent of 1 Before Sailing Sailing Sailing Sail Sail- ing for tOl England New York Feb 25 As As his last act before sailing salling for Europe J. J P P. Morgan Mor an today joined his fellow tors of ot the First National bank In announcing a formal dividend of HO- HO 10 and separation of or the bankInS' bankInS banking banking bank bank- ing InS and speculation business of at the institution for tor tho the future Stockholders will not receive the but it will be paid by the bank into the treasury of or the First Security company compan which will be organized or or- if the stockholders agree Its stock is to be held hel by b six trustees and the profits paid to the banks bank's stockholders This is equivalent to a per cent dividend in form only It Is not stated whether the bank will turn over actual cash to the new held If company compan or securities now no securities are turned over It will make malc malca a material difference nether the they are turned over at cost or at the tho present market price if turned over at cost I the new company is expected to enable enable en en- able the tho bank to clean Its vaults of ot everything except strictly high class Investment Issues Several Western Vestern banks already have ha such companies the most notable be beIng being belag be- be ing lag that of ot the First National bank of or Chicago Tho The announcement was considered significant In Wall Vall street especially when coupled with tho the news that Mr Morgan orSan goes directly to London London London Lon Lon- don where he hl will receive Queen Alexandra In rims residence ence she havIng having hav hay ing irig recently expressed a desire to view the almost priceless art collection in Mr Morgans Morgan's home homo there The Tho fact that Mr Morgan 1 feels the financial situation in this country countr hassu has sufficiently su cleared to permit him to togo togo too go o abroad at this time was taken asa as a a. good sign in InVa Wall Va t street I |