Pierpont Morgan.

Manawatu Herald, 19 February 1903, Page 3

Pierpont Morgan.

A name conjure with in finance is that) t>{ Pierpont Morgan, and owing to the amalgamation of Shipping companies trading between England and America his name has become almost a household word. America is the home of immense . fortunes, made, some by honest industry, most, by speculation and by the utter .disregard paid to the fortune ahd feelings of Others. It is ' pleasant to know that Mr Pierpont Morgan has never been a wrecker, but has always been an up-builder. - Most of bis achievements have had for their object the saving of money waste. Economy in' production, economy in management, economy, in interest charges are what he has, always sought. , ! The story of his amalgamation and reconstruction of a system of i non-paying railways in America, | known as the Richmond and West ( Point Terminal Railway and Ware-1 house System, which comprised some thirty companies, is an illustration of his capabilities. These companies were all involved irt bankruptcy, and It took months to comprehend the tangled business before a start could be made in the work of building up. The result is af monument to Mr t*. Morgan as these- lines, now, under the name of tha Southern Mwayr ia considered one of the best railroads in .the'. country, and does a largo part of the transportation business of the Softthem States. % A pen picture of Mr Morgan describee him, as giving the impression of being aiarga man, thick of chest, with a big bead set close down on burly shoulders, features large, an extraordinary prominent nose, keen « rfty ayes, deep set under heavy brows, a high, fine forehead, and a square bull-dog chin. His halt is iron-gray iand thin, and bis moustache is closely cropped. For a man of his age and size he seems unusually active, moving about with almost nervous alertness. He is a man of few words, always sharply and shortly spoken. Yachting is his diversion. He is fond of a good dinner, is a connoisseur in wines, and a judge of cigars, but he is temperate in all these.