Newspaper Page Text
TEN
WHICH BANK? 4%
705
BROAD
STREET
4 Per Cent
to
Depositors
Deposits
may be
made by
mail.
The Planters Lean & Savings Bank
705 Broad St., Augusta, Ga
TENNIS
TENNIS RACKETS,
TENNIS BALLS,
TENNIS NETS,
Richards Stationery Co.
Now Is The Time To
Phone 2036 and Say
“Send Me The Herald”
READ THE HERALD “WANT ADS"
White Leghorn Eggs
FOR HATCHINC.
Blanchard’s Imprcml Strain ot Year Round Layers,
JANUARY FERTILITY, 97 PER CENT.
SETTINGS, $1.30. INCUBATOR QUANTITCS, 7c EACH
Blanchard's Egg Farm
MONTE SANO, AUGUSTA, GEORGIA
Telephone 6923 L.
For White Washing and White Coating Use
EUREKA LIME
ABSOLUTELY WltrTE
—Sold By—
R. J. HORNE COMPANY
Your Order Solicited.
643 Broad Street. Telephone 321.
We sell “Building Material from foundation to roof.”
HAVE YOU READ “WANTS”
SHOE REPAIRING
AT REASONABLE PRICES.
I put whole bottom* on at lc»s
than the price of half aolea.
Whole boottms ~ . .. SI 00
Chilrtqtu, whole bottom* .. 50''
Tread Air rubber heels .. 25'
Panther Tread rubber heels 25‘-
Shoes called for, Repaired and
dalivared Same Day. Work done
while You Wait.
Augusta Shoe Repairing
J. SAWILOWSKY, Prop.
965 Broad Street. ’Phone 943
is an all important question to
one who has money to deposit.
Thousands of Augusta’s best in
formed people have settled this
question in a most satisfactory
manner by depositing here.
Careful Attention to business en
trusted to us.
TENNIS MARKERS,
RACKET COVERS,
RACKET PRESSES,
I
LARGE PHUT GRUFF, TAGITUM
MORGAN PM TO PEOPLE
Known Benefactions of Millions. Many More to Come, It is
Thouqht. Life Sketch of Captain of Captains of Finance.
Born to Wealth. He Was a Worker. Plugged way Through
School. Laying Foundation For Ruqqed Health by Much
Exercise In Open. In Later Life Sat In His Library and
Summoned Money Kings of Lesser Empire to Do His Bid
ding.
John Pierpont Morgan wa.s .ho taci
turn, »o gruff to thote not acquainted
with him, and 80 opposed to being In
terviewed that little of value for a de
pletion of his personality was ever
secured. He talked by Ills deeds and
by hl« deeds be was measured in
type. And so often wa» he rm*asured
in this manner that it was difficult
to tell n«-w things. Only the most
careful perusal of all available records
of this captain of captains of finance
made it possible to shape a found
ation for tire story of hjs life.
Mr. Morgan, when he first saw the
light of day in Hartford, was even
at that time destined to be a rich
man. He was to the purple born, and
while he was a mere ordinary school
boy a great fortune was being accu
mulated by Ms father as a starter for
the son.
As the boy, Morgan did not concern
hlrnfli If with anything more than
studying at school, which he did in
a plodding fashion, and having a good
time. He laid the foundation so t
splendid health and great physical
strength by hunting and fishing,
swimming in Hog river, a dirty little
stream which skirted his home, and
building rafts, upon which he ven
tured upon the broad bosom of the
Connecticut.
When he plugged his way through
the grammar school he was packed
off to Boston, where he went through
the same routine in high school. This
finished, his father, without emotion
or enthusiasm, Informed him that a
sent in the University of Goettingen,
Germany, had been prepared for him.
And the son, with no more display of
feeling, went to Germany. When he
had finished his studies he returned
to this country to find a desk await
ing him In the banking house of Dun
can, Sherman A Co.
FATHER A BANKER
Tie already had considerable tech
nical knowledge of banking matters
and a keen knowledge of affairs of
the world, for ho was a close student
of conditions. His father had been
a hanker and be possibly regarded it
as certain dyrJng his school days
that he, us a matter of course, was
to follow* the same course.
Right here may be described the
most remarkable of all traits in Mor
gan's life. That is, that he was a
worker. It was not necessary for him
to become a clerk, a full-fledged
banker at once, or anything else than
a gentleman of leburo. He could
have been a rich loafer had hel iked
and his entire lifetime would not have
been long enough to allow him to
spend the millions his father had
amassed for ills benefit. Rut this kind
of life did not appeal to John Mor
Ah a clerk ho paid strict attention
to tho firm's business, and he minded
his own business, not speaking unless
he had something to My, and not
wasting time to listen to others who
told something not worth while hear
ing. lie had set out to be a builder,
not a tearer-down, and ho needed ev
ery minute tucked away by the clock.
He evidenced remarkable ability as
a clerk. Here his training stood him
in good stead. It soon became appa
rent that he was fully capable of act
ing ns the agent in the United States
of the London firm of Peabody & Co.,
bankers, in which bis father was in
terested. This was in 1860, a period
when a level lo ad was necessary in
tho banking business.
Four years later he became a mem
ber of the banking firm of Dnbuey,
Morgan \*Co., investment securities,
and ills name became known to finan
cial people in New York. As a mat
ter of course, it always was iumiliar
with people of business because of
the great Morgan fortune, but John
Morgan was now recognized for an
other reason—his business ability. In
1871 the firm of Prexel, Morgan &
Co., bankers, was founded which af
terward* became J. P. Morgan & Co.,
the firm of the present.
GREATEST IN COUNTRY
It Is needless to say that the firm
is the greatest in the country and
that ils branches in Europoai) cen
ters me powers in the money markets
of those places. J. P. Morgan Is a
mime that is instantly associated by
old and young alike with money—
great stacks of gold. And then the
feverish, superficial nature of people
busy with their om n affairs considers
neither the name nor the man any
further.
This estimate of tho man never did
his Justice, it ofen caused adverse
criticism, for htsl methods were often
attacked, ills organisation of giant
corporations has furnished the most
strenuous examples of hitter attack,
both on political platform and in the
public press. This is all a matter
of opinion and at this time Is care
fully excluded.
Morgan did organize giant corpor
ations, lie extended railroads, he
opened new territories, he made pos
sible commerce, which In all reason
had to be enlarged by some man con
sistent with the growth of the coun
try and population. Curious as it may
seem, however, the more clamor there
was against his methods the more he
was held in esteem by writers, of note
and educators who had occasion to
review his works.
At one time English see
ing a favorable opportunity through
adverse conditions in this country to
grab the West Shore Railroad, there
by establishing a footing for a Still
greater grab, asked Morgan to act as
their agent, io that manner covering
THE AUGUSTA HERALD, AUGUSTA, GA.
the identity of those who were to be
the real owners. Morgan turned down
an opportunity of making several mil
lions by refusing. Then he saved th>
railroad to American ownership by
taking it over . himself, quietly and
quickly and turned it over to the New
York Central by perpetual lease.
CLIQUE OF MEN
At another time he discovered that
the country was being depleted o!
gold by a. clique of men who were
amasfiing great wealth by shipping it
to Europe. He stopped the leak, re
organized the system of shipment and
was then made the subject of a con
gressional investigation, which should
more properly have been made of the
clique he broke. He clearly and con
cisely answered every question that
was put to him by the .investigators.
During President Cleveland's ad
ministration It was decided that a
bond Issue of $20,000,000 was neces
sary. Morgan undertook the task and
it was floated. He made money, of
course. 'That was what he was in
business for. But at that time the
whole world looked on with wonder
at the ease with which he accom
plished the task that no other bank -
trig firm was willing to undertake.
In 1901 Morgan floated the securi
ties of the United States Steel Cor
poration which was capitalized at sl,-
100,000,000. The amount was almost
beyond the ken of ordinary mortals,
hut with the great financier it was
merely a matter of calculation and
accomplishment. In the same year
ho secured the American subscrip
tions to a $50,000,000 British war loan.
But It was during the bankers’
panic of 1907 that Morgan rose to
superee command of financial Amer
ica.
1 .ike an absolute monarch he sat
in his library in New York, surround
ed by the money kings of a ie-user em
pire, dictating to them, and sending
them forth to earry out his will.
At a time when hanks and trust
eompnnles were toppling all about
him It was his steadying hand that
was stretched forth to save, not all
of them, but those which he decreed
should survive. Practically speaking,
the life of nearly every banking and
financial institution in New York was
In his hands, he held the* balances,
passing out his sentences of financial
life or death In quick staccato tones.
His friends say that the work ho
did during this trying period will re
bound to his everlasting honor.
Even the government at Washing
ton looked upon him as the one man
who was capable of throttling the
dragon of panic and practically all
the resources of the United States
treasury were turned over to him to
do with as he saw fit and proper.
An instance of this was the pour
ing'out of $25,000,000 upon the floor
of the stock exchange to save that
Institution from utter ruin on that
memorable black Friday in 1907.
This money was conjured from
somewhere by J. P. Morgan. No one
knew from where. Hater it developed
that the money had been taken out
of the United States sub-treasury
and turned over to Mr. Morgan.
As a great lover of art Mr. Morgan
spent much money In collecting but
he always played fair.
After paying a fortune for the fa
mous Ascoli cope, he returned it to
the Italian government as soon as he
learned it had been stolen from Us
place in an old church.
He possessed a rare copy of the
Bible, the famous Luther Bible.
He has spent a vast fortune to pos -
sess it, bidding more than any of his
rivals could afford to give. When he
learned that Emperor William of
German was one of those whom he
had outbid for the precious volume,
however, he promptly presented It to
the kaiser.
For these two acts of generosity he
was decorated by the Italian govern
ment and by the German kaiser.
Because of the heavy duty on works
of art coming into the United States
Mr. Morgan had kept the greater part
of his collection on the other side.
$2,000,000
Congress, however, passed a law re
moving this duty and in the opring
of 19X2 the great collection of the
American financier, which was as
st rnbled at his two homes In London
and at Paris, and valued at more than
$2,000,000, were packed up and shipped
to New York.
The ■greatest part of this collection
Is now to be seen in the Metropoli
tan Museum of Art.
Inter, during the investigation of
the so-called "Money Trust” by the
Fujo committee of the house of rep
resentatives of 1912-13, Mr. Morgan
was called to the “stand, where his
testimony was, in effect, that there
woe no money trust and that there
could never be one. This, despite the
fact that testimony was adduced
showing that the Morgan interests
controlled through interlocking direc
torates billions of dollars invested in
sixty-one large industrial and bank
ing businesses throughout the United
States.
A great deal of the Morgan for
tune will be found to have gone back
to the people. It may be that he did
not let his right hand know what his
left hand was doing. But, aside from
his giving $1,500,000 for a hospital,
his benefactions would not be cov
ered with ss,ooo,ooo—that is, hie known
benefactions.
Mr. Morgan was commodore of'the
New York Yacht Club and the yacht
hy constructed for Uio organisation
was twice successful in keeping the
cup in this country. He liked the
water, and after turning the reins
of business over to his son, J. Pier
pant, Jr., he sailed the ocean in hia
magnificent private yacht. In Europe
he was the guest of royalty, for the
kings of the old world recognized him
as one of the most remarkable men
In the world, if. indeed, not the most
remarkable in the world of finance.
ALWAYS ON LOOKOUT
On these trips Morgan was con
stantly on the lookout for rarities
which he could give to Institutions
in America. He made invaluable
gifts .to the American Museum of
Natural History, the Metropolitan
Museum of Art and the New- York
Public Library. His private collec
tion of pictures, books, manuscripts,
curios and bronzes are worth in them
selves a princely fortune.
He was a member of many clubs
both in the United States and abroad.
Mr. Morgan was married twice. His
fir;it wife, Miss Amelia Sturges, died
in 1862, Ihe year following her mar
riage to the financier. In 1865 he
married Miss Louise Tracy, who bore
him one son and three daughters. Mr.
Morgan had eleven grandchildren at
the time of his death.
SOCIETY
THE AFFINITIES.
I know, my Heart, that in some far
off age.
Before this world sprang from
chaotic strife,
Both you and I on some primeval
stage
Together faced the woea and joys
of life.
Not two, but one, were we back there
in space,
When You wore I, and I was Y’ou,
in truth,
Through chaos rushing in the seeth
ing race,
I know it as I know on this rare
night,
That yonder stars that coruscate on
high.
Are fair to see, and with their golden
light
The arching vault of Heaven glorify.
I know it as I know that love is
sweet;
'Tis sure to me as that the sun
will rise.
And on the morrow once again will
greet
The dawning day with hints of
paradise.
I knew it when first on this Joyous
earth
We met, and felt again the won
drous thrill
With which Love weaves the moment
or rebirth,
Of something lost in far-off days
of 111.
'Twas ltko a coming home to one
whose days
In wandering and weariness were
spent.
To find amid the once accustomed
ways
A perfect bliss and unalloyed cop
tent.
—John Kendrick Bangst in Harper's
Bazaar.
—Mr. and Mrs. Sydney Carswell
Jones of Waynesboro have announced
the birth, on March twenty-seventh,
of a daughter, to be called Inez Wil
kins Jones 111.
Chambeialn's Cough Remedy has
won Its great reputation and exten
sive sale by Its remarkable cures of
coughs, colds and croup. It can be
depended upon. Try It. So.'.d by all
dealers. —(Advertisement.)
If the Best Leathers
Best rubber heels, best
work, best of everything
to be had in shoe-repair
ing, and as cheap in price
as the lowest, is any in
ducement for the people
to let me do their shoe
repairing, I am going to
do all of the shoe-repair
ing in Augusta.
All that I ask is for the
people who never patron
ized me to just give me
one trial and I will prove
what I say.
Or just ask some of my
customers about my shoe
repairing.
PRICES :
Men’s new soles and
heels SI.OO and $1.50
Men’s rubber soles $1.50
Men’s sewed soles and
rubber heels ... .SI.OO
Men’s sewed soles ..
Ladies’ sewed soles and
leather or rubber heels,
at .. 85£
Ladies* sewed soles 65c 4
All kinds of Bows and
Straps for ladies.
Children's Soles,
at 35c 4 to 50c 4
Rubber heels,
and 45c 4 .
Prompt service— Shoes
repaired while you wait
—Purple Stamps.
ALEX RAE
9th and Ellis. Phone 323
INTERPRETATION LAWS
OF SELF DEFENSE
Case of Street Car Conductor
Shooting Negro In Atlanta
May Be Import In Setting
Precedent.
Atltnat, Ga.—A criminal case of lit
tle intrinsic Interest in itself but
important in the precedent it will
probably set in the Interpretation of
the laws of self defense, will be tried
shortly in thei Fulton superior court,
when Street Car Conductor C. L.
James will be arranged for the shoot
ing of Milton Ward, a negro.
The negro refused to get off the
car at the end of the line, and be
came threatening when the conductor
started to put him off. The conduc
tor took the offensive and kicked the
negro off the platform.
The negro picked himself up from
the dirt and reached back with his
right hand to rub the place where he
had been kicked. The conductor
thought he was moving his hand to
hi;i hip pocket for a pistifl and so
whipped out his own weapon and
fired, shattering the surprised negro’s
arm.
It will not be contended by the de
fense that the conductor was in act
ual danger, or that the negro was
really going to shoot, or even that he
had a weapon. The defense will set
up that the mere motion of the ne
gro's hand toward his hip pocket was
sufficient justification under color of
the other circumstances.
The negro’s plight i=x somewhat like
that of the tenderfoot out west who
was shot through the heart when he
entered a Leadville bar-room and
suddenly reached in his hip-pocket
tor a handkerchief.
—Mrs. Ellen Washington Bellamy
of Macon, who has been the guest of
Mrs. Sanford Gardiner during the D.
A. R. conference, is visiting her cous
in, Mrs. James B. McKie, in North
Augusta, j
CD LOREN’S COLDS
TREATEDJEXTERNALLY
Dr. Henry Louis Smith, Pres, of
Washington and Lee University, Lex
ington, va., says: “In the last few
years we have used
VICKS pSonii SALVE
constantly, and our belief in its effi
ciency has grown with continued use
until in such cases we now rely entirely
upon it, and have discarded the use of
vapor lamps, Internal medicines, and
everything of the kind." Sample on
request. At all druggists, 25c, 50c and
SI.OO. Vick Chemical Co.,
Greensboro, N. C.
The Paint and Powder Club
Pk»RSRNTS— —■
“Cousin Kale”
A Comedy in Three Acts
%
*
The Grand
WEDNESDAY NIGHT
APRIL SECOND"”
Benefit
Building Fund
Y. W. C. A.
SEATS NOW SELLING
AT THE GRAND
MONDAY. MAfiCH 31.
I Asked a
jn4Rj
■jjfHi
Manufacturer
“Is it true thrt the problem of
supply and demand and the labor
question make successful manufac
turing most difficult to attain?”
“Yes,” he replied, “the anticipa
tion of demand and the handling of
labor are the vital elements of a
manufacturer’s success, hut the most
important factor is the manufacturer
himself.”
“I have always maintained that
business success comes only through
keeping the body in perfect condi
tion, and the ability to completely
free the mind of business at the
close of the day. These things I
do religiously.
“My son,” he continued, “plays
the violin unusually well, but, as
none of our family were able to
accompany him, we were without
music in our home until my wife
purchased a Kimball Acmelodie
Player Piano. Now we are able to
play his most difficult accompani
ments and our musical evenings
have worked wonders in eliminating
from my mind the cares of a busy
day.”
The Kimball Acmelodie Player
Piano has the essentials necessary
to reproduce hand-played music.
This instrument plays the full
scale, 88 notes—plays Kimball or
any 88-note roll—full, round, rich,
mellow tone, selected materials, best
workmanship, roll-guiding device,
Acmelodie soloist, ten exclusive im
provements, music roll library priv
ileges.
We will take your “never-played“
.piano in part payment.
Kimball
JlcymaZadic
'Player Piano
W.W.KIM6ALL GO.. Branch Store
306 JACKSON STREET,
IRA E. PERKINS. MGR.
(Series Copyrighted 1912.)
W. W. Kimball Co.
—After spending several weeks with
the Missies Dempsey, Miss Marv Tobin
left yesterday for her home in Al
bany, N. Y. >