| Show MORE POWER FOR MORGAN through purchase of control of the eq equitable life assurance society J P morgan Is acknowledged tho insurance king icing of america the dominating factor in the nations finances and the master and controlling spirit of the traction situation in new york mr morgan has been during the past 25 years the atlas of the financial world of the united states lie he possesses more money power than any man who ever lived in this country born in hartford conn april 17 1837 of a family which for generations had been wealthy and aristocratic lie he from his fits youth up enjoyed all the educational advantages that his parents money and social position could give him aft after er graduating at the english high sch school ool in boston lie he went abroad and became a student at got germany at the age of 23 lie he returned to this country and apparently because nothing else presented itself for him to do went into ills bis fathers banking business 4 during the years that followed some of the most luminous of his achievements were in 1871 lie he created a market in europe for worth of new york central stock and sold it there at a profit which amazed old commodore vanderbilt in 1877 he haild handled led an issue of of government bonds in preparation for putting nj the national currency on a gold basis in 1880 he provided for the extension of the northern pacific railroad to the pacific coast in 1880 his was the master hand in the reorganization of the reading railroad and the reorganization of the baltimore and ohio involving syndicate work and the loan of in 1893 tile the southern railway was created out of the richmond terminal and allied lines in 1895 the erie railway was rehabilitated |
