“ KING 0F FINANCE.”
POWER OF PIERPONT MORGAN’S NAME. That Mr. J. Pierpont Morgan would defend his title as “King of Finance” was made apparent on Wall when he signed the Steel Trust’s declaration of defiance of the Government* ' _ . '"*s! Mr. Morgan informed his associates that ho expected to reassure investors by the power of his name. He declared that the Steel Corporation is in a better position to resist dissolution than any other combine, and suggested that the chairman of directors should invite the Attorney-General to file a suit immediately. In taking up this attitude the corporation is acting strictly within the law, and is relieving the present financial situation.
That morning’s transactions were on an enormous scale, and by noon 800,000 shares had been cleared. Bullishness soon manifested itself in London.
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https://paperspast.natlib.govt.nz/newspapers/GIST19111011.2.59
Bibliographic details
Gisborne Times, Volume XXIX, Issue 3345, 11 October 1911, Page 7
Word Count
132“ KING 0F FINANCE.” Gisborne Times, Volume XXIX, Issue 3345, 11 October 1911, Page 7
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