PIERPONT MORGAN

Greymouth Evening Star, 14 April 1913, Page 5

PIERPONT MORGAN

BODY REMOVED TO NEW YORK,

(PER PRESS ASSOCIATION COPYRIGHT.]

NEW YORK, April 12.—Crowds lined the street to watch the arrival of Pierpout Morgan’s body. It will lie m his private library, surrounded by art treasures.

STUPENDOUS DEALS. • Here is a list of some of the biggest deals transacted by the late Mr Morgan : Purchased the control of a life assuiaiice society worth £100,000,000. Took £7,000,000 of the £11.000,000 bond issue of the International Rapid Transit Company. Entered an agreement to gam control of New York City tractions by Morganis,ng for a £20,000,000 future subway and devated developments. Bought the best of the independent telephone lines of the Central West for 116,600,000, with 40,000,000 miles of wire ind 100,000 telephones in three States done.

Gave £1,400,000 for control of the Guarantee Trust Company, and then merged it with two others of the richest trust companies in New York.

Prepared to Morganise a great, banking ivstem to be established in Latin America, as suggested in President Taft’s annual message to Congress. Sold his control of the Chicago Surface tractions for £10,800,000, and made the neat profit of £l, 400,000. Arranged for the amalgamation of the Bankers' Trust Company and tile Astor I’rust Company. Gave £20,000 to establish a professorship in Assyriology and Babylonian literature at Yale University. Everywhere Mr Morgan went he had a good time. Ho ate well, slept well, and vorked when he felt like it. How many millions he was worth nobody but himself knew. He is supposed to have made enough to take rank among the world’s richest men. Ho gave untold millions of it away in practical charities, and never made a fuss over it.