The Ogden Standard-Examiner from Ogden, Utah • 23

fHE OGDEN- STANDARD EXAMINER SUNDAY MORNING JUNE 11 1033 Cn nirj 11 1 i me S-r-3 s- -V -V 4 ov Though the spotlight now turns on his business affairs the world knows next to nothing of the other side of this publicity-hating giant among men in the world of finance a Qy i By Willis Thornton the house where she had reared her children a woman lay dying Doc tori shook their heads They could do nothing in ihe presence of the mysterious malady encephalitis or sleeping sickness of which almost nothing is known After a momentary rally the woman died As the owner in her own right of considerable property she left a will And when it was read it was found that she had left most of her property to her sons and daughters not to her husband The mere fact was not surprising but through the cold legal language of that will shone a tenderness that is pathetic and touching 'T fai it read "that if through any unforeseen circumstances my dear husband should ever be in need my children will share with him the property derived from Only the simplicity of a loving and devoted wife could havewritten those words for the husband to whoa they refer is John Pierpcnt Morgan head of the world greatest private bank mightiest dealer in dollars that the country has ever known Such glimpses into the (to them) sacred private lives of the Morgan family are rare For the Morgans are aggressively secretive and fiercely jealous of those private lives rpHEIR gigantic hanking projects may in-dude such things as organization of Steel Corporation the first "billion-dollar baby They may indude coming to the cue of a moribund Treasury in 1893 and standing grim-shouldered to item the financial panic of 07 cracking the whip while tight-lipped New York bank presidents filed in and- laid their assets cn the line to stem the panic They may include saving the credit of the dty of New York when it was endangered by the outbreak of the war -in 1914 and Europe sucked away the city gold xt raising a half billion for the Allies 1915 and represchting them in raising loans and buying supplies in America throughout a great war 1 They may include two' congressional investigations by investigators intent on proving that the House of Morgan is a financial octopus relentlessly crushing to its evil body all money all industry all power They may include organization or reorganization of some of the greatest industrial units in the and hundreds of fingers in the industrial pie through directorships held by the 20 partners But the Morgans themselves remain 'elusive aloof fiercely retiring sf Jt 4 almost pleasant to news- rfflHE present Morgan reveres his I famous men when ho returned father with an almost Oriental devotion from JEurope as unofficial- Partners step informally to his desk for con American representative to ference There is never disorder the Reparations Confer- in the room nor sign of business beyond that enceof 1929 That was any ordinary well-conducted banking room public business At the break of die afternoon' Morgan A man born to crushing 4akes tea in the 'English fashion fcabit quired during four years of work and residence in London It is a habit by die way Eo which his father the elder Morgan never became quite reconciled Then the day over Morgan slips out of the office and is gone Comparatively few people ever see him at alL He is not a mixs -and sees few outside his own restricted circle The Morgan town house is a famous institution Standing on the corner of 36th Sired tad Madison Avenue just where that onde ezcla-t sire street rises inthe gentle slope of Murray 1 'Hill the Morgan house is a little dusty and old-fashioned and not nearly so magnificent aa dozens of homes of New orkY wealthy 5 Morgan has gradually acquired control of almost the entire block between 36lh and 37th i first for his own privacy and second tc protect the gem-like Italian Renaissance art gallery and 1 library which house the Morgan collection of' the Morgan" family cost art and manuscripts These are open to sti- $2500000 when com- dents and all who have a legitimate interest pleted at Bath Me in Naturally by temperament and comlectipns 1930 and is certainly one sympathetic with Engbmd Morgan sdaiqtains of the largest and finest pleasure craft afloat two homes there The more impressive Of The graceful black hull is 343 feet is Wall Hall in the village of Aldenham just'11 long and she is of course fitted out the lit- beyond die remoter northern suburbs of London most luxury a triumph of American shipbuild- mg Most American millionaires it might be HPHERE he is Squire Morgan Wsil Hall have their 1 they come cheaper I' -A WC M4UU6 Aviurgan Jul added have their yachts built abroad where 1 dot old at English country places go th rn r1lMn" nor is Aldenham an cspedally ancient vfflage 4i i i Ucity-haling faing of finance and sal the top of the page Ins magnify cent $2500000 yacht Corsair Xt Morgan the elder father of the present head of the house He has been dead for 20 years but many of the public aware of iL i A rpHERE Is an interesting sidelight on her building The ship people wanted to fit her with gyroscopic' stabilizers like the new ocean greyhounds Morgan said no he liked ths roll of the sea And ha does I J- 1 'I i 1 1 Both the village and estate Art cheer fully modern The Squire likes to go grouser shooting and gets over every yew or so In addition he maintains a small modern house in Grosvenor Square London I which replaces the one he had in Princes Gats and 8 has been a sporting tradition in which he turned over to the United States for the family-' rowed a good use cf the American ambassador deal' at Harvard though he never Intimate friends of Morgan (and then made the crew He has sailed many) say he is rather warm and generous-' small craft in competition and his A nahired at heart but few people ever find that sons Junius and Henry are also out jf'it'is true His at-r yachtsmen having been elected titude prevents But here are little incidents presidents respectively of the New that are revealing i 4 i NCE when attending a Harvard class re union Morgan was named an overseer of the university a post in which lie took morn pleasure he said than in any of his ether multitude of jobs Responding a toast in jwhich -a class poet half humorously half respectfully referred to him as "The Great Lord Morgan" i the money master muttered "Oh hell cMl ml That by the way is what his inti-1 'mates do call him Being head of the House of Morgan Sis not' all beer and skittles It may involve danger and death Twice Morgan has had escapes Back in 1915 a madman forced his way into the library cf the Matinicock Point house and confronted Morgan alone a pistol wavering in his hand muttering crazily Morgan 'did not flinch bat rzrhed at 'the intruder who fired 1 Badly wounded Morgan stumbled but rushed in and hurled his 200 pounds cn tire maniac holding him until help arrived la 1 920 a truck cf cnplotive was up 1 to The Ccmcr and exploded ia a second plot cn his life As the budding shook and and filled the air it was Morgan who stepped to the doer to see whit Md happened and lko ly his example cf assured a fgkteccd clfice ttafl A a urn nHEY are so little known A that there is no doubt that thousands of people do not realize that the elder Morgan whose fierce-flashing eye and bulbous became the cartoonists symbol for financial dominance fia Teddy Roosevelt day has been dead these 20 years and that a son has carried on his came and his affairs increasing the glamour and potency of both That i partly because the present Morgan sshile a handsomer man than his father nevertheless resembles hm strikingly and hat perhaps an 'even greater hatred of personal publicity Even in Wall Street where the mem-cry of terror-inspiring Morgan still lives the son new 66 is accorded the titles and by which the elder and legendary Morgan had been known The present Morgan bom and bred to great financial affairs if ever a man was presents a strange picture of apparent contradictions Though essentially a bookish studious retiring figure he has ever since the death of his father plunged him into cf his House maintained and even increctcd its pre-emlntrce hile his merest memorandum beginmrg JP A I tchich he to ergons former iotn house in London turned ever to the government house the American embassy York and Seawanahaka Corinthian clubs Both their father and grandfather had held these posts in their time But of course the Corsair Is for ocean trips When Is at Matinicock Point he commutes to New York la a smaller craft Fie rises late and often potters about la the garden of the estate in which his wife used to like to work' Then he hoards ship for New York' Arriving at the feet cf Wall Street he goes to his office the forbidding solid squat stone structure that hears no name above the door and is known throughout 'the financial section simply as Comer A low two- of three-story bttiMIng here is the bright cf for land so valuable that all around the Morgan comer skyscrapers loom above It Here In a great open room sit all cf the Morgan partners financial agents each with a in rows like schoolboys Morgan goes to own deck at "one pide behind a glass partition and sits before an open with the portrait in oils cf his father looking 'down upon York and Seawanahkk Morgan suggests law to cre cf the greatest associ atiens of great bankers in the world he enjoys nothing more One of the few photos showing Morgen in cn informal moment a picture snapped while he Was relaxing ct a Harvard reunion tnan tilting in at a lay member in a discussion of doctrine by clergy of the Protestant Episcopal Church For Morgan is net only learned in that history but its most active financial supporter vestryman at Si in New York and a sort of lay pope to the denomination In tills he is' simply following the course cf his famous father 1 A SILENT man keeping to the bosom of a much-loved family he is yet a man who appears to enjoy his annual reunions with his graduating clas- at Harvard and who seldom misses the Yale-Harvard boat race Despite aa instinctive distrust or even hatred of cameras Pvlorgaa faced them and was (Copyright IS 33 by EveryWeek llagazine Printed in A) desk his him 9 1 4 f- is- If If I.