Kuhn, Loeb & Company, 167
Lackawanna Railroad, 49, 79
Ladies’ Home Journal, 125
La Follette, Robert, 222
Lake Superior Consolidated Iron Mines, 142–44
Lamont, Daniel, 88, 90
Lamont, Thomas W., 164, 216
Lanier, Charles, 58, 75, 151
Lawrence, Bp. William, 193, 195, 199
Ledyard, Lewis C., 208–10
Lehigh Valley Railroad, 49, 78–9
Leyland Line, 178
Liberty National Bank, 217
Library, see Morgan Library
Lincoln Trust Company, 194
Lipton, Sir Thomas, 153
London, Eng., 4, 122, 147, 172, 215
Lords of Creation, The, 206n.
Louisa, steam launch, 35, 36, 39
Low, Seth, 108
Lying-in Hospital, 121, 130
McAllister, Ward, 55
McCormick Harvesting Machine Co., 186
McKim, Charles F., 150
McKinley, William, 123
death of, 172–73
McLeod, A. Archibald, 72–4, 79, 187
Madison Avenue houses, 25
No. 219, 52–3, 54–6, 60–1, 63–4, 88, 105, 109, 113, 139, 149–50, 157
Manhattan Trust Company, 217
Markoe, Dr. James, 121, 200
Mary Powell, S.S., 35
Mayer, Charles F., 49
Mellen, Charles S., 187–90
Mellon, Richard B., 120
Mendelssohn Club, 56
Mercantile National Bank, 193
Mercantile Trust Company, 217
Merry del Val, Cardinal Rafael, 215
Mesabi Range, 142
Metropolitan Club, 83–4
Metropolitan Museum of Art, 25, 114, 116–17, 118, 121, 131, 160, 163–4, 223, 225
Metropolitan Opera, 121
Mills, Darius Ogden, 65
Missouri Pacific Railroad, 49
Mitchell, Edward P., 119, 160
Mitchell, John, 178, 180, 182–3
Money trust, 3, 5, 219–20
Monopoly, 7, 29, 40, 129, 144, 174
Moody, John, 84
Moore, James and William, 130, 134–5, 136
Moore & Schley, 207–10
Morgan, Amelia, 19–20, 84
Morgan, Frances, 24–5, 57, 58, 64, 151, 154, 157, 196, 224
Morgan, Harjes & Co., 155
Morgan, J. P., background, 9–10, 19–20
beginning of career, 16–19
boyhood, 11–15
business philosophy, 8, 165–6, 185–6, 226
children, Anne, 25
John, see Morgan, J. P., Jr.
Juliet, 25, 224
Louisa, see Satterlee, Louisa
Civil War years, 21–24
and coal strike, 1902, 178, 179–83, 184
collecting, 4, 110–20, 148, 151, 156, 159–61, 179, 192, 205, 215–16, 225
conservatism, 62–63
death, 224
and Edison Electric Light Co., 63–5
education, 11, 15, 16
gifts, 121–22
and gold crisis, see Gold reserve crisis
health, 21, 30, 50
homes, 18, 25, 33–36, 52–53, 54–57, 60–61, 63–64, 131, 149–51
influence on banking, 217
and insurance companies, 217–19
and International Mercantile Marine, 153, 178–79, 186–87
kindnesses, 163–65
last years, 3–6, 222–24
marriages; 19–20, 24–25
office life, 103–4, 161–2, 163
and Panic of 1907, see Panic of 1907
partners, 83–5, 219
physical appearance, 3–4, 15–16, 24, 34, 85, 104, 117, 157, 162–3, 215
private life, 35–6, 54–60, 156–8
and Pujo Committee, 3, 5–8, 77, 185–6, 203, 218–23, 225
and railroads, see Railroads
religious activities, 12–13, 25, 56, 60–1, 104–10, 134, 153, 154–5, 193
retirement from business, 214–16
and steel, see Steel industry
trips abroad, 4–5, 14–15, 20, 32, 35, 58–59, 131, 147–8, 155–6, 167, 170, 172, 178–9, 192, 214, 215–16, 223–4
will, 13, 120–1, 224–5
yachting, see Yachts
Morgan, J. P., & Co., 5, 6–7, 84–85, 95, 99–101, 103, 147, 165, 185, 189, 220, 221, 224
Morgan, J. Pierpont, & Co., 20
Morgan, J. P., Jr., 6, 25, 84, 99, 122, 150, 216, 224–5
Morgan, Joseph, 10
Morgan, Junius S., 10–11, 13, 18, 22, 23, 30–31, 35
death, 83
Morgan, Junius S. (nephew), 114
Morgan, J. S., & Co., 10, 25, 31, 49, 83, 85–87, 94, 95, 155
Morgan, Louisa, see Satterlee, Louisa
Morgan Library, 52, 54, 113, 119, 150, 161, 192, 196, 205–6, 207, 210–11, 214, 216
Morse, Charles W., 194, 197, 199
Morton, Levi, 32–33
Morton Trust Company, 217
Murray, Lawrence O., 89
Museum of Natural History, 25, 121
Myers, Gustavus, 22, 23
National Bank of Commerce, 197, 217
National City Bank, 100, 201, 217, 219
National Steel Co., 134, 144
National Tube Co., 134, 136, 144
Nevins, Allan, 92, 95, 99
New Jersey Holding Company Act, 128–30
New Orleans, La., 17, 119
New York, City of, 206, 223
New York Central Railroad, 36–38, 39–45, 46, 49, 78, 131
New York Life Insurance Co., 217
New York & New England R. R., 73–74
New York, New Haven & Hartford R. R., 73–74, 78, 187–91
New York Times, 20, 50, 88, 91, 198
New York, Westchester & Boston R. R., 189–90
New York World, 89, 99
New York Yacht Club, 131, 152–3, 156
Newport, R. I., 151
Nile River, 4, 35, 153
Norfolk & Western Railroad, 67, 69, 78
Northern Pacific Railroad, 67, 69, 78, 79
raid on, 167–72
Northern Securities Company, 172, 176–8, 183
Noyes, Alexander D., 67, 99, 123
Old Colony Railroad, 73
Olney, Richard, 88, 91
Panic of 1857, 17
Panic of 1893, 66–67, 80
Panic of 1903, 185
Panic of 1907, 184
and City of New York, 207
Morgan’s role in, 212–13
and Stock Exchange, 203–5, 206
and Tennessee Coal & Iron Co., 207–11
and trust companies, 193–203, 205–6, 210–11
Paris, Fr., 4, 58–59, 152, 172
Parker, George F., 96
Passenger fares, 40
Payne, Col. Oliver, 208
Peabody, George, 10, 25
Peabody, George, & Co., 10, 17, 24
Peabody, Joe, 18
Peckham, Rufus W., 178
Pennsylvania Railroad, 39, 41–44, 45, 49, 79, 137, 140
Pennsylvania Turnpike, 44
Perkins, George W., 181, 198, 199, 203, 204, 211, 217–18
Perugia, Italy, 117
Phelps, Isaac N., 52
Phipps, Henry, 135
Pierpont, Rev. John, 19–20, 106
Pike, H. H., 108
Pius X, Pope, 214
Platt, Orville H., 97
Platt, Thomas C., 173
Pools, 127
Populist party, 82
Porter, George H., 41
Porter, William H., 164, 216, 217
“Portrait of a Child,” 115, 119
Poverty, 124
Prince’s Gate, 35, 58, 115, 148, 151, 155, 156, 160, 179, 214
Proxy voting, 77
Pujo Committee, 3, 5–8, 77, 185–6, 203, 218–23, 225
Pulitzer, Joseph, 89
Pullman, George M.
, 41
Pullman Strike, 1894, 66, 80
Railroads, 6–7
Albany & Susquehanna, 26–30, 62
Baltimore & Ohio, 49, 67, 68, 69, 72, 76, 79
Boston & Maine, 73, 187, 188
Chesapeake & Ohio, 45
Chicago & Alton, 49
Chicago, Burlington & Quincy, 168, 171
Cincinnati, Hamilton & Dayton, 165
Delaware & Hudson, 79
Dubuque & Sioux City, 77, 167
Erie, 26, 49, 67, 69, 70, 78, 165
Great Northern, 79, 171
Housatonic, 73
Jersey Central, 79
Lackawanna, 49, 79
Lehigh Valley, 49, 78–79
Missouri Pacific, 49
New York Central, 36–38, 39–45, 46, 49, 78, 131
New York & New England, 73–74
New York, New Haven & Hartford, 73–74, 78, 187–91
New York, Westchester & Boston, 189–90
Norfolk & Western, 67, 69, 78
Northern Pacific, 67, 69, 78, 79
raid on, 167–72
Northern Securities Co., 172, 176–8, 183
Old Colony, 73
Pennsylvania, 39, 41–44, 45, 49, 79, 137, 140
Reading, 45, 46, 49, 62, 67, 69, 71, 72–74, 76, 78, 178
Richmond Terminal, 67, 68–69, 74–75, 76
Santa Fe, 67
South Pennsylvania, 42–44
Southern Pacific, 49
Southern Railway System, 68, 75, 78, 220
Union Pacific, 67, 167–8, 170
West Shore, 41–5, 68
bankruptcies, 66
competition among, 39–40, 47–51
influence of Morgan on, 78–9, 127
and Morgan control, 75–78
Morgan method, 69–72
reorganizations, 44–45, 46, 67–69, 72, 74–75, 86, 185
Rainsford, Rev. William S., 12, 56, 60–61, 104–10, 121, 190
Rainsford, Mrs. William S., 105, 121
Ramsey, Joseph H., 26–29
Reading Railroad, 45, 46, 49, 62, 67, 69, 71, 72–74, 76, 78, 178
Rebates, 41, 47–48
Red Star Line, 178
Republican party, 62, 173, 175, 183
Richmond, Va., 192–93, 195
Richmond Terminal Railroad, 67, 68–69, 74–75, 76
Rigby, Douglas and Elizabeth, 160
Ripley, Prof. William Z., 69–70
Robber Barons, The, 28
Roberts, George B., 39, 43, 49
Rockefeller, John D., 9–10, 120, 122, 127, 128, 142–43, 203, 204, 217
Rockefeller, John D., Jr., 143–44
Rockefeller Foundation, 112
Rogers, Henry H., 143, 184
Rome, Italy, 4, 122, 151–52, 216, 224
Roosevelt, Theodore, 173–7, 180–4, 206, 211, 222
Roosevelt Hospital, 105
Root, Elihu, 174, 180–1
Rothschild, N. M., & Sons, 86
Rothschild family, 31, 32, 83, 94, 95, 179
Ryan, Thomas Fortune, 121, 218–9
Sabin, J. F., 113
St. Andrews Golf Club, 140
St. George’s Church, 5, 25, 56, 60, 104, 106–7, 159, 224, 225
vestry dispute, 107–10, 121
St. John the Divine, Cathedral of, 121
St. Luke’s Hospital, 25
St. Paul’s Cathedral (London), 122
Santa Fe Railroad, 67
Satterlee, Herbert L., 28, 56, 62, 64, 92, 99, 114–16, 119, 151, 158, 159, 172, 196, 198, 200, 202, 203, 204, 223, 224
Satterlee, Louisa, 5, 25, 131, 157, 159, 195–6, 224
Saturday Evening Post, 125
Schiff, Jacob, 167–70
Schley, Grant B., 207–9
Schwab, Charles M., 136–41, 147
Scott, James Brown, 85
Shame of the Cities, 222
Shamrock II, yacht, 153
Sherman Anti-trust Act, 1890, 46, 128, 176, 211, 223
Sherry, Louis, 155, 193, 195
Silver, free, 82
Simmons, J. Edward, 138
Sinclair, Upton, 222
Singer Sewing Machine Co., 127
Skibo Castle, 136
Sloan, Samuel, 49
Smith, Charles S., 138
Solitaire games, 4, 5, 57, 91, 196, 202, 205–6
South Pennsylvania Railroad, 42–44
Southern Pacific Railroad, 49
Southern Railway System, 68, 75, 78, 220
Spanish-American War, 128, 133
Spencer, Samuel, 68, 71, 75, 103, 104
Speyer & Co., 87
Springer Bill, 1895, 94
Standard Oil Co., 127, 217, 222
Steel industry, 130
American Bridge Co., 134, 136, 144
American Sheet Steel Co., 134, 136, 144
American Steel Hoop Co., 134, 136, 144
American Steel & Wire Co., 132–3, 134, 136, 142, 144
American Tin Plate Co., 134, 144
Bethlehem Steel Co., 139
Cambria Steel Co., 139
Carnegie Steel Co., 135–6, 140–1, 144
Federal Steel Co., 133–4, 136, 144
Illinois Steel Co., 133
Jones & Laughlin Steel Co., 139
Lake Superior Mines, 142–4
National Steel Co., 134, 144
National Tube Co., 134, 136, 144
U. S. Steel, see United States Steel Corp.
supercombination, see United States Steel Corp.
war in, 1900, 136–8
Steele, Charles, 143, 162, 216
Steffens, Lincoln, 102–4, 129, 222
Steichen, Edward, 102, 162–3
Stetson, Francis L., 68, 74, 90–91, 99, 100, 141, 177, 190
Stevens, Simon, 22–23
Stillman, James, 9, 201, 204, 210, 217, 218
Stock Exchange, N. Y., 130, 146, 147, 168, 169–71, 176, 196
and panic of 1907, 196, 203–5, 206, 211–12
Stock Exchange, Pittsburgh, 202
Story of a Varied Life, The, 107–10
Stotesbury, Edward T., 84
Straus, Nathan, 180
Strong, Benjamin, 196, 197, 201, 210
Sturges, Amelia, 19–20
Sturgis, Frank K., 58
Subtreasury, N. Y., 86, 92
Sullivan, Mark, 82, 176
Sumner, William G., 62
Sun, New York, 198
Supercombination, see United States Steel Corp.
Supreme Court, 48, 128, 176, 178
Susquehanna Railroad war, 26–30, 62
Syndicates, 31, 70, 87, 92–93, 95–96, 99–100, 146–7, 186, 208, 237
Taft, William H., 222
Tams, J. Frederick, 58
Tarbell, Ida M., 222
Tennessee Coal & Iron Co., 184, 207–11
Teutonic, S.S., 131, 147
Thackeray manuscript, 114
Thomas, Edward R., 194, 199
Thomas, R. H., 203
Thomas, Samuel, 75
Thomson, Frank, 39, 43
Thorne, Oakleigh, 199–201
Times, New York, 20, 50, 88, 91, 198
Titanic, S.S., 154, 187, 223
Tracy, Charles, 60
Tracy, Frances, see Morgan, Frances
Treasury, U. S., 80–81, 83, 93, 94, 95–96
Trimble, Richard, 196
Trust, money, 3, 5, 219
Trust Company of America, 198–201, 203, 206, 210
Trust company panic, 1907, 194, 205, 207, 210–11
and Knickerbocker Trust Co., 197
and Trust Company of America, 198–201, 203, 206, 210
Trusts, see Voting trusts
Turnbull, William, 58
Unemployment, 66, 80, 123
Union Club, 25, 56, 57, 181
Union League Club, 56
Union Pacific Railroad, 67, 167–8, 170
Union Trust Company, 201
United Copper Company, 193
United Mine Workers, 179,
183
United States Steel Corp., 78, 174–5, 177, 183, 184–6, 223
formation of, 144, 167, 169
negotiations for merger, 138–44
origin of idea, 134–6, 138
results of merger, 144–7, 236–7
and Tennessee Coal & Iron Co., 207–11
United States Trust Co., 100
University Club, 138, 158
Untermyer, Samuel, 6–8, 185–6, 218–21, 226
Vanderbilt, Cornelius, 52–53
Vanderbilt, William H., 36–37, 42–43, 45, 53–54, 110
Vanderbilt, William K., 53
Vatican, 215
Venice, Italy, 4
Vermeer, Jan, 160
Vest, George G., 97, 98
Vevey, Swit., 11, 15, 16
Victor Emmanuel III, King, 4
Voting trusts, 7, 71, 72, 75, 76, 128, 145, 174–5, 217, 220–2
Wadsworth Athenaeum, 121
Walker, John Brisben, 147
Wall Street (No. 23), 5, 33, 122, 159, 162, 163
War Department, 22–23
Warren, Mrs. J. Kearney, 91
Washington, D. C., 90–93, 134
Wasson, R. Gordon, 22
Webb, Beavor, 152
West Shore Railroad, 41–45, 68
Westinghouse Company, 202
Wheeler, F., 114
Whist Club, 57
White, Edward D., 178
White, William Allen, 125
White House, 90, 92–93, 180, 181–2
White Star Line, 153, 178
Whitney, Payne, 121
Whitney, William C., 54
Wilbur, Elisha P., 49
Wilhelm II, Kaiser, 4, 179, 214
Wilson, Woodrow, 223
Wilson Tariff Act, 81
Wire combine, 132–3
Woolf, Virginia, 116
World, New York, 89, 99
Wright, J. Hood, 85
Yachts, Corsair, 39, 41, 43–44, 57–58, 137
Corsair II, 58, 59, 71, 131, 152, 173
Corsair III, 5, 152–4, 156, 157, 172, 179, 180, 192, 214
Khargeh, 153
Louisa, 35, 36, 39
Young, Brigham, 29
Y.M.C.A., 25
Zodiac Club, 158
About the Author
Frederick Lewis Allen (1890–1954) was born in Boston, studied at Groton, and graduated from Harvard in 1912. He was assistant and associate editor of Harper’s Magazine for eighteen years, then the magazine’s sixth editor in chief for twelve years until his death. In addition to The Lords of Creation, Allen was well known for Only Yesterday, Since Yesterday, and The Big Change.
All rights reserved, including without limitation the right to reproduce this ebook or any portion thereof in any form or by any means, whether electronic or mechanical, now known or hereinafter invented, without the express written permission of the publisher.
Copyright © 1948, 1949 by Frederick Lewis Allen
The Satterlee quotations are from J. Pierpont Morgan, an Intimate Portrait, copyright © 1939 by Herbert L. Satterlee. Used by permission of The Macmillan Company Publishers.
The Great Pierpont Morgan Page 29