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Show SAVED MERCHANT FROM RUIN. ,: Word from J. P. Morgan Brought Needed Financial Help. .' A Washington trensury offlctat who has just rctnrnoir froni Now York tells a story Illustrative of the effort of J. Plerpont .Morgan, tho New York flnnn-dor, flnnn-dor, to stop the financial depression. A .tcwlsli manufacturer had boon opeintlng his business for somo ttmo on credit Ills notes fell duo early in Non ember, and ho wont to n. bank to got them renewed. Though ho had been a. largo depositor nnd was known to be a man of scrupulous honesty, tho bank declined to grnnt him nn ox-tension, ox-tension, Insisting that ho should pay his notes on tho day they fell duo. This was Impossible, nnd bankruptcy stared htm In the face. Ho went to a friend nnd asked htm what ho should do. "No bnnl; will loan )ou n cent," Batd his advisor "I havo it. Go to Mr. Morgan nnd slate our case to him." "Oh, ho won't do anything for me," tho manufacturer tespondod hopelessly. hopeless-ly. "But I'll try, anyhow." Mr. Morgan received him courteously courteous-ly and listened to his statement. Then lie tinned to his phono and rang up the bnnk. "Mr. So nnd So Is In my otneo," ho said, "and tells mo you havo declined to grant him nn extension ot his notes. It is just such people ns ou who aro making the condition serious. Unless those notes ate renewed, 1 shall mako it my business to ruin jou." Thon the financier turned to his caller. "I think," ho said, "jou will find tho bank willing to extend your notes. It wns. |