DEATH OF MR PIERPONT MORGAN

Southland Times, Issue 17308, 2 April 1913, Page 5

DEATH OF MR PIERPONT MORGAN

(By Telegraph.—Press Association.—Copyright). LONDON. March 31. Mr Pierpont Morgan, banker and financier, is dead; aged 76 years, NO EXCITEMENT ON THE MARKETS. NEW YORK. March 31. There was no excitement on the markets when the news of Mr Morgan's death was announced. Prices varied fractionally, but the bears made no attacks. The recent money stringency Is responsible Jlor the lack of interest AliaME SUGGESTION. WASHINGTON, March 31. The members of tlte Money Trust Investigation Committee reject the suggestion that Mr Morgan’s death was hastened as a result of their investigation. It is pointed out that Mr Morgan rather enjoyed his cross-examination at the hands of the Committee. ? THE LAST SCENES. NEWS OP DEATH SUPPRESSED. ROME, April 1. Received April 2. 12.45 a.m. Mr Pierpont Morgan’s illness dated from his examination by tbe Congressional Csmmittee on the Money Trust. On Easter Sunday a general collapse took place, and he suffered much from depression. Last week lie suffered from nervous irritability. The deatli was concealed for hours to prevent it from being cabled to New York before the Stock Exchange opened. A bulletin was given the reporters stating that his temperature was 104, and his pulse 140. The body will be embalmed and taken to America. fThe late John Pierpont Morgan was not a self-made millionaire. He was born in the financial purple, and received the best education that Boston and Gottingen could give. He was a member of, several large banking.-Crms, a railway reorganiser, and a financier of intepnational repute. His aid on more than one occasion was Invoked and saved his country from panic of the worst kind. He spent millions on famous paintings, famous books, and famous objects off art, his wholesale dealings in this way being largely responsible for the agitation that led to prohibiting tbe export of pictures from t lie country of their origin. He was at the back of most big things, from steel trusts to Atlantic shipping combines. He carried his fame easily, and tbe frankness with which lie submitted himself to examination by the Congress Money Trust Committee dissipated some of the crude ideas that a sensational Press and too credulous public accepted as gospel. Mr Morgan showed that he knew far more than his examiners of the relations of trade and finance, and that to “down the money kings” might not improbably do more harm to the community than to the Individual.] _