A COLOSSUS OF FINANCE
MR J. P'. MORGAN'S HUGE BANK MERGER SCHEME. By Telegraph— Pre SB Association—Copyright. NEW YORK, January 5. Owing to Mr T. F. Ryan, the prominent financier, retiring, Mr J. Pierpont Morgan and' his associates have acquired control of 'the Morton Trust and tho Fifth Aretmle Banking Companies, which ho consolidated with tho Guarantry Company of New York. Mr Morgan intends the merger likewise to includo the Bankers' Trust Company, thus forming tho largest -trust company in America. The Americatn press is discussing Mr iMorgan's stupendous con-tirol of capital, which it is declared lias now reached a total of £600,000,000.
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Bibliographic details
New Zealand Times, Volume XXXII, Issue 7020, 7 January 1910, Page 7
Word Count
103A COLOSSUS OF FINANCE New Zealand Times, Volume XXXII, Issue 7020, 7 January 1910, Page 7
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