MR. MORGAN'S METHOD.

Evening Post, Volume LXXIX, Issue 76, 1 April 1910, Page 3

MR. MORGAN'S METHOD.

Mr. J. P. Morgan's Napoleonic methods of finance were humorously illustrated in the course of the investigation now proceeding in Now York with the object of deciding whether- or not his recent purchase of independent telephone companies in Qhio, Indiana, and Missouri was in violation of the anti-trust laws (write 1111 11! 1 a New York correspondent) The contention of the companies is that Mr. Morgan acquired their btock for £1,500.000 with the object of establishing a "merger" with thn American Telegraph and Telephone Company. Mr. Morgan's financial generals reply to thit by stating that the stock was bought for his personal account. According to the evidence now given it appeals that £1,500,000 did not occupy the banking magnate's attention for more than a few minutes. One of his partners, Mr. H. P. Davidson, got into a taxicab with Mr. Morgan and explained to him in a few hurried words the character of the contemplated transaction. "All right," replied Mr. Morgan, "go ahead. I must keep a dinner engagement." The court in these chcumstances decided to dispense with Mr. Morgan'f services as a witness, as his personal knowledge of the "deal" *ns too small to assist the enquiry,