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GRADY COUNTY PROGRESS—PAGE
A
TITANIC FIGURE
List ot Achievements In the
i I World ot Finance.
SON WILL SUCCEED HIM.
New Head of Famous Banking Houoe
a Small Edition of His Father—Has
j Enviable Record as a Financier,
r Prominent as Yaohtsman and F'ubllo
1 Philanthropist.
MR. MORGAN'S ^RECORD OF
ACHIEVEMENTS IN THE
FINANCIAL WORLD.
Born April 17. 1837, In Hartford.
Conn.
Entered Boston English high
School In 1851 and was graduated in
' 1851.
Spent two years in Goettingen,
'Germany.
‘Became a bank clerk with Dun
can, Sherman & Co. In New York,
1857.
• In- I860 was appointed American
. agent of the London banking house
of George Peabody & Co,
Organized the banking firm of
Dabney, Morgan & Co. and through
his father's patronage made $1,000,-
000 In seven yenrs.
• Formed his famous alliance with
.the Drexels In 1871 and established
the firm of Drexcl, Morgan & Co.
Wrested the Albany and Susque
hanna railroad from Jay Gould and
James Fisk.
In 1877 went to the assistance of
William H. Vanderbilt and carried
control of the West Shore to the
New York Central at a profit of
$3,ooo,boo.
Dominated In 1884 every gathering
of railroad executives who met to
' devise a way out of the disastrous
- rate wars.
In 1885 rescued tho Baltimore and
'Ohio from ruin and brought James
■' J. Hill Into the management of that
road.
In 1888 reorganized the Chesapeake
and .Ohio and the Reading railroad.
■ In 1890 established tho "gentle--
man’s agreement" against rate cut-
.- ting, which Is still In force.
Went to the aid of the United
States government In the gold crisis
of 1S9G,
Organized tho billion dollar Unit
ed States Steel corporation in 1901.
‘ Threw $25,000,000 on the New York
Stock Exchange In the form of a
loan In the panic of 1907.
; Took over In 1909 many of the
banking Interests formerly con
trolled by the Mutual, the Equlta-
blo and the New York Life Insur-
'an.ee companies.
'testifying before the Pujo com
mittee in 1913, he referted to profits
of millions ns “details” which ho
. could not remember.
Ills unparalleled art collections
aro known. His philanthropies are
noted.
,- New York.—With this list of business
•qbnquests ns n guiding light J. P.'Mor
gan, Jr., the new head of the grent
, .Morgan banking house, comes into his
• father’s place in his forty-sixth year.
' In facial appearance, bearing, build
@ by American Press Association,
J, PIERPONT MOHGAN, JR.
and manner of walking he greatly re
sembles his father. He possesses the
elder Morgan’s grave demeanor, his
•prompt and forceful decision and his
contempt of trivial details. He Is the
only son, there being three daughters—
two married and one unmarried. He
also inherits his father’s love of yacht
ing and is a zealous and discriminating
art collector.
Mr. Morgan, Jr„ or Jack Morgan, ns
he is called by his friends in Wall
street, was horn in New York city in
1807. He was educated in private
schools and at Harvard, from' which
lie was grnuimied in Isau. ,
Immediately after his graduation ho
entered the banking house of Morgan.
Grenfell & Co., of London to learn the
business of Ids father. Since that time
lie has beep trained under the guidance
of the elder Morgan for the place he Is
now called upon to (ill. He has taken
a prominent part In many of the grent
enterprises of the Morgan company.
When this government made tho pay
ment.of $-40,000,000 tq France for the
Panama canal Mr. Morgan played an
Important pnrt in the transfer ifnd won
the respect of foreign financiers for his
skill and tact in thnt difficult trans
action.
Mr. Morgan, Jr„ was sent by bis
father to Russia In 1005 to make nego
tiations for the great loan which that
country was taking from the Morgan
compnny at that time.
During the panic of 4007. when the
Morguu-HIII Interests were at war with
Harrlmau and the Stundurd Oil com
pany over tho Northern Pacific, he was
a leading factor in the settlement of
that crisis. It was be who raised from
his father’s shoulder^ at that time
many of the burdens which the elder
Morgan undertook In order to nllny the
panic nnd restore public confidence.
At the coronation of King Edward he
was appointed first secretary of the
special American embassy. In all these
situations Mr. Morgan has proved him
self a competent successor to his dis
tinguished father.
He is listed as a member of the firm
of J. P. Morgan & Co. In tills country
and Morgan. Grenfell & Co. of London
and is a director in a large uuinber of
various corporations. Although he is
inclined to' shun publicity and up to
tills time has esenped the limelight in
the shadow of Ills father, he Is recog
nized in the financial world ns a man
of strong convictions and real power.
The new head of the Morgan house
Is an enthusiastic yachtsman, as was
his father. As a member of the New
York Yacht club he Is owner of one of
the nine thirty footers which are now
being built by the Herreshoffs for
members of thnt organization. For a
number of years he sailed a thirty
footer, the Ibis. Mr. Morgan has ex
tensive kennels on bis Long Island es
tate, where he makes a specialty of
breeding Pekingese, many of which
have been prize winners.
He Is interested in various lines of
public service nnd philanthropic work,
being a governor of the Peabody do
nation fund in London nnd a trustee of
the New York.Trade school. From his
experience in foreign travel he has
often made helpful suggestions 'for city
improvement to the New York public
officials. A system of street openings
suggested by him in 1008 has resulted
in greater convenience to the public
nnd a considerable saving to the city
NOTES FROM THE NEWS.
Milo Warrick of Clarkson, O., and
his wife have just celebrated their
eightieth wedding anniversary, which
was also bis one hundredth birthday.
He Is the oldest undertaker in active
work in tho world.
Hughey Golden, the thirty Inch midg
et mascot of Princeton athletics, is in
Johns Hopkins hospital, Baltimore, for
an operation which is expected to make
him grow. He wns injured on the head
as a baby, and, while mentally all
right, has never “grown up.” He is
sixteen years old.
It’s worth $2,00 a foot to fall from a
balloon if it’s worth a cent, according
to Edwin Clayton, an aeronaut, of Fort
Worth. Tex. He fell 4.000 feet when
his parachute failed to work and Is
suing his employer at the above rote
for $10,000. He broke his hip and; both
feet, dislocated -his knees and injured
Ills' spine, but plans to go up again this
summer.
'HORSE FOOLED BY MIRROR.
Saw Hurdle Reflection and , Tried to
Jump Over It.
Junction City, Kan.—A valuable rid
ing horse in the mounted service schdol
at Fort Riley wns injured severely ip
an exhibition in the riding linll when
he snw a reflection of a biirdle in one
of the huge wall mirrors that line the
hail nnd tried to jump it.
He crashed tb cough the glass nnd
was badly gashed. Lieuteuant Moors,
the rider, escaped injury.
BED FOR FIFTY-NINE YEARS
BURLESON TELLS
.Woman Holder of All Hospital Time
Records Celebrates Her Birthday,
Philadelphia.— 1 Taken 111 with typhoid
fever at twenty-one yenrs of age nod
still In bod at eighty Is the cxu»rience
of Miss Sybllln Schnntz. who, after
fifty-nine years, has just celebrated
her birthday in St. Joseph's hospital.
She holds all hospital time records. ,
Since her typhoid attack Miss
Schmitz has been unable to move with
out assistance. She has been an nr-
denl student of scientific subjects. She |
has n telephone nt her bedside and has 1
seen trolleys and automobiles from the '
window, but her greatest ambition Is ,
Will Find Out If Postoffice
Department Really Pays.
PARCEL POST PROBLEMS.
New Postmaster General Deolares He
Will Run Things as Much on Strictly
Business Lines as Possible—Deolinet
to Comment on Government Monop
oly In Carrying Small Packages.
Washington.—Postmaster General Al
bert S. Burleson bus outlined bis plnns
for the work of the postofflee depart
ment.
“This Is n big business institution,
one of the biggest In the government,
and It should be administered for the
best Interests of the people.” said Mr.
Burleson. “I want the department
administered on business lines, but In
such u wuy ns will be of the greutest
service to the people.
“One of the first things I propose to
do is to appoint n commission to con
sist of the first, second, third nnd
fourth assistant postmasters geueral
@ 1913, by American Press Association.
ALBERT S. BURLESON.
and the chief clerk of the department
to make a thorough Investigation of
the postal service.
“They will. he directed to nseertnln
whether the grentest efficiency is be
ing secured nnd where tho service
needs Improvement They will also
seek to ascertain whether the depart
ment Is actually self sustaining or
whether there is a deficit
“With this information in hand we
will proceed to administer the affairs
of the department with the view to giv
ing the people the best service, al
though I would also like to be able to
say at the end of ray term thnt the
postal service Is really self supporting.
"The- parcel post system presents
many problems which must he met and
solved. The postmaster general is giv
en latitude to .change rates and classi
fications and regulatidns for the opera
tion of the service, nnd I shall expect
to make improvements ns the need is
made plain.
“This service is of tremendous inter
est to the- people everywhere, and 1
want to make it of the widest use In
bringing the producers nnd consumers
Closer -together nnd .facilitate the han
dling of small parcels at low cost.”
Asked if he believed the government
had a monopoly under the law in the
carrying of small parcels and should In
sist upon its monopoly, Mr. Burleson
declined tb comment.
“The work of the second assistant
postmnster general’s office is of great
importance in this connection, ns that
office handies the questions of railway
mail pay, the number nnd size of mail
ears required for tbo transportation of
mail matter and the problems connect
ed with contracts for this service."
“POP” TO MISSOURI APOLLO.
Student Adjudged Perfect Is Swamped
With Proposals to Wed.
Columbln. Mo. — Letters and tele
grams mnking offers of marriage nre
coiplng to H. L. Shrader, a Kansas City
student in Missouri university, who
was recently adjudged the most per
fect man physically among the 1,500
students there. .... .
Shrader has received offers of vaude
ville, boxing nnd wrestling engage
ments. But most of the letters nre
from young women' not only in Mis
souri and Kansas, but in widely scat
tered parts of the southwest.
One girl says she Is. physically per
fect herself and therefore offers her
self as a fit wife In the Interests of
eugenics. .. —
AIR CRAFT IN NAVY WARFARE.
to see on aeroplane.
■-•- ...--A.
. -la, i ...J , -
Hydroaeroplane Demonstrates Useful
ness In Atlantio Maneuvers.
Washington.- The hydroaeroplane In
naval warfare has scored Its first vic
tory In connection with maneuvers of
the Atlantic battleship fleet In Cuban
waters by discovering a supposed en
emy far at sun and directing the fleet
to the place.
Lieutenant John H. Towers anil F.n-
rign Godfrey de C. Chevalier of the
navy aviation corps put out from
Guantanamo bay Just before sunset to
scout for the supposedly hostile fleet.
Weather conditions were bad. there be
ing frequent ruin sqpalls. three of
which the uvtators passed through suc
cessfully.
After proceeding seaward some dis
tance the fleet of tho enemy, composed
of five battleships and two scouts, wns
discovered fifteen miles away. The
uvlation officers took observations of
its locution, course and speed without
being detected. They returned to
Gunntnnamo Kay at dusk and reported
to Rear Admiral Badger, commander
In chief of the Atlantic fleet., who or
dered out the torpedo boat destroyer
flotillas, which eugnged the enemy
within an hour.
ONE WHO “CAME BACK.”
Bluteau Escaped From Prison, but
Mother Made Him Return.
Paris.—Pierre Bluteau. who escaped
from the Snute, returned to the prison
voluntarily.
He hud some trouble getting back.
When lie rapped ut the gate the turn
key gazed at him and asked:
“Who lire you?"
“1 am Bluteau,’’ was the answer.
“And who. pray, Is Bluteau?” the
turnkey Inquired.
“1 nm the young fellow thnt escaped,
don’t you know?” continued the
knocker.
With apparent reluctance the door
swung open nnd Bluteau re entered.
Once within, he wns joyouRl.v wel
comed ns the “prodigal son returned.”
Slipper was over, but the warden sent
out for a special men), and there wns n
reunion fenst
According to Bluteau, bis mother per
suaded him fo return to the prison. He
escape wns accomplished in overalls, in
the disguise of n stoker.
“Let me out: I’m In n hurry.’’ he said.
So they let him out as quickly as pos
sible.
TURTLE ONCE USED
IN LEPROSY CURE
Patients Batlied In Creature’s
Blood at Gape Verde.
ANTARCTIC REGION
IS ENTIRELY DEAD
Do Need For Further Enpiora-
• tion, Says Lankester.
Paris.—A French historian in connec
tion with the alleged cure for tubercu
losis now being udvnnced by Dr. F. F.
Friedmann in the United States calls
attention to the little known fact thnt
the medicinal use of the sea turtle Is
by no means' of recent date.
On July 8.' 1483. King Louis XI. of
France sent George the Greek; master
mariner, to the Cape Verde islands to
seek “various things touching nearly to
the well being and health of our per
son.'' The Cape Verde .islanders had
tho reputation of possessing a cure for
leprosy, a report of which had been
brought back to France by a traveler
from the coast of Gulnen at about the'
time King Louis was In declining
health.
According to the rebltal of this trav
eler. the big sea turtles Were caught by
the islanders when they came out on
the bench at low tide to feed. They
were at once killed and their blood
caught In large tubs. Persons afflicted
with leprosy batlied in tho blood and
afterward ate of the turtle’s flesh.
This treatment whs kept up for two
years, nt the end of which time the pa
tients were” usually completely cured
of the dreadful disease.
This record would tend to show thnt
Louis XI. wns a leper. That such was
the case had been rumored by chron
iclers, blit the reason of the expedition
to the Cape Verde islands, now pub,*
lislicd for the first time, throws much
light on the psychology of Louis XL.
Ills 111 humor nnd his sedulous avoid
ance of mankind during the last days of
his life. The wretched man evidently
believed himself smitten with leprosy.
He was. however, never fated to test
the efficacy of the sen turtle remedy,
for he died Aug. 30, 1483, before the
return of the expedition.
I/indon.—Further exploration within.
1,000 miles of the sou^li polo will lie
of no scientific value, according to Sir
Ray; Lankester.
"There Is no living thing on tho ant
arctic continent." he says, “excepting
the seals anil the penguins and a few
other birds found on nnd near tho
const line nnd a minute Insect like the
so called glucler (len. together with a
few animalcules living In pools formed,
by tho melting of tee In the briof sum
mer and species of ulgne, mosses, li
chens nnd fungi.”
Sir Ruy. ns director of tho Nnturnl
History museum, hnd chargo of the
antarctic birds, etc., brought back
from the south polar continent by Cap
tain Scott’s expedition on the Discov
ery, nml he hits hnd official first hnntl
Information ns to the results of nil the
explorations In thnt pnrt of the globe.
Flowers would grow nt the south
pole In 'summer If It were not for the
mountains there, according to Profes
sor Lankester. it Is these mountains
that mnko the south pole so cold. The
south polpr nren Is an elevuied moun
tainous land reaching 12.000 feet in
parts, covered with perpetual Ice in
consequence of the elevation. More
over. the antarctic continent is sur
rounded by the sen nnd Is lifeless.
’ “There is a vast nren of land around
the north polnr 'sea," said Dr. Ray.
.“which is green with vegetation anil
dotted with brilliantly colored flowers
in siunmur nnd yet Is only 500 miles
distant from the north pole, in the
arctic reglpn nre seals, white benrs.
walruses, foxes, wolves, musk oxen nnd
many small mammals and birds which
stray from the neighboring continental
lauds. There Is nbundnnt vegetation,
including flowering plants, which find
a growing plnce wherever land is ex
posed. So far as temperature is con
cerned, these flowers and plants would
grow nt the north polo itself were
there any Islands in that part of tho
frozen polnr sen. In contrast to the
low lying land around the north pole
the mountainous interior of Greenland
is of High elevntion and covered with
perpetual Ice and devoid of life.
. “The, north, pole 1 Is. In fact, a falr^
weather zone, while, on the other hand,
the antiirttlc land Is swept at all times
of the year by blizzards of exceptional
force and duration.” ,
From the very beginning of life on
the earth,, it Is asserted, the south pole
has been an iinliihnbited region. No
animals ever lived there. The deepest
digging will disclose no bones of ex
tinct creatures. The antarctic conti
nent Is literally the only place on the
whole enrth where silence and mystery
have existed from the first. It'is re
garded ns very doubtful if there are
nny minerals near the south pole.
Dons First Socks at Forty-nine.
Leavenworth.—Andrew Allen, forty-
nine yenrs old, has hnd the experience
of wearing his first pair of socks. It
wns not of Allen's own choosing thnt
he donned the . socks. An official of
the- Kansas stnte penitentiary stood
over him while he took off a pair of
rubber boots, the only kind of footwear
he has been accustomed to use.
Purse Retrieved by Dog.
Hartford City. Ind.—William Lan
non, a Blnckford county farmer, has u
dog thnt retrieves lost poeketbooks.
Mrs. Irene Bowers of this city wns on
the way to visit her uncle. William
Tntman. four miles northwest of the
city, when her pocketbook slipped from
• her;lap in front of Lnnnon's house.
The dog saw the purse fnll, retrieved
it and took It to its master. The next
day Sirs. Rowers In searching for . her
pocketbook stopped nt the Lfinnon
farm to make inquiries and recognized
her property.
Million In Gold by. Dog Sleds.
Seattle.—More tlurn a million dollars
in gold wns brought down by the
steamer Mnrlposn from Cordova, Alas
ka, having been more than two months
in transit from'the Iditnrod district
From Iditnrod to Chltlna, more than
2,000 miles, tile gold was hauled on dog
sleds. At Chltlna iDwas plnced on a
train and caught between two snow
slides that tied up traffic more than a
month. During that time the express
company’s guards, heavily armed,
watched over the treasure.
BITES INTO A FORTUNE.
Mrs. Stutz Finds $2,500 Pearl In an
Oyster.
Passaic, N. J.—August Stutz, pro
prietor of a casino, is telling his
friends how he got a pearl worth $2,-
500 through the purchase of 44 cents'
worth of oysters.
Stutz says his wife bought theS-ys-
tera from a peddler. While she was
eating one of them her teeth struck
something hard and large nnd smooth.
It looked like a pink pebble nnd was
the size of a marble. Stutz says a
New York jeweler offered him $2,500
for it
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