PIERPONT MORGAN

Wairarapa Times-Age, 16 June 1943, Page 4

PIERPONT MORGAN

MR T. W. LAMONT PROBABLE SUCCESSOR.

John Pierpont Morgan, many times a millionaire, who died in March of this year, lay in a plain black coffin. Covered with red roses, it was placet! before the chancel of historic St. George’s Church on Stuyvesant Square, New York, from which his father was buried in 1913. Despite cold, drenching rain, 1500 attended the service. Later the body was cremated. The ashes were sent to Harford, Connecticut, where Morgan's wife was buried in 1925.

Morgan's mantle of power is likely to fall on the shoulders of Thomas W. Lamont, who may become head of the House of Morgan, breaking for the first time the succession of a Morgan as titular head .

Morgan’s two sons. Lieutenant-Com-mander Henry Sturgis Morgan and Commander Julius Spencer Morgan, have always shunned publicity. Both the boys were yachtsmen before the war. and both joined up shortly after Pearl Harbour. Henry left his father to start on his own in the Morgan Stanley Company in 1935. Henry first saw Wall Street as a messenger boy, earning about £5 a week. Morgan is survived also by two daughters, Mrs Paul Pennoyer and Mrs George Nichols.