MR PIERPONT MORGAN AND HIS BUSINESS MOTTO.

Stratford Evening Post, Volume XXXV, Issue 50, 28 February 1913, Page 3

MR PIERPONT MORGAN AND HIS BUSINESS MOTTO.

Mr Picrpont Morgan lias returned (says the New York correspondent of the Chronicle) from Washington apparently well sail died with the evidence lie had given. Wall Street is equally satisfied, and the financiers declare that the “.Money King’s” six hours’ examination badly punctured “the Money Trust bubble.” In his evidence be said his rule of conduct in regard to great ventures associated with his name was: “If it is good for the country’s business and the country’s interest, do it.” Ho had given a man a cheque for a million dollars with the knowledge that the man had not a cent in the world. The credit was based solely on that person’s character. The committee have sought to prove that Messrs J. P. Morgan and J. D. Rockefeller controlled between them 3G per cent, of the active wealth and natural resources of the United States and the vast control which these men exercised over the industrial and financial affairs of the United States has been built up by their establishment and the extension of the inter-locking system of directorates. It is exceedingly doubtful if in their final report the committee will decide that there is a money trust. —Control £7,942,067,749. — The newspapers have revelled in the publication of enormous figures, placing the total assets of the MorganEockfeller group at £7,942,067,749, while Mr Morgan’s casual mention of millions in this enterprise and millions in another, the taking over of insurance companies with assets of £10,000,000, and his uncertainty as to how many millions actual cash ho had on hand have greatly amused the public. Meanwhile, Mr John J). Rockfeller (t(he “Oil King”) who has been sending doctor’s certificates saying that he was too ill to appear before the committee, has made a surprising and sudden discovery, for to-day (December 20), on his private golf links at his estate in the Pocantico Hills, ho broke his record by doing his nine holes in 44, a count which would not disgrace a professional.