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And so he came to his triumph Everybody in the Morgan library the kings of the Street knows the sequel, how a handful of deter- held council, sinking their mutual differences, mined men, clustering about Mr. Morgan, laying their wealth and their power in the stood in the midst of the torrent of panic, hands of this one man. dammed it with gold and many words, turned it aside at last and broke it into a thousand

During those days of panic, Mr. Morgan was the undisputed king. The white marble office

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Copyright, 1902, by G. G. Bain

MR. MORGAN AND MR. ROBERT BACON
Mr. Bacon is now Assistant Secretary of State

As a great door with gold and bills to save it. private banking house trembled in the gale, the hands of Morgan steadied it. Into the Stock Exchange, on that terrible afternoon when not a dollar was to be borrowed on the Board for love or usury between the hours of one and three, he poured twenty-seven millions at an hour's notice twenty-seven millions when the springs had all run dry and the great banks clung like misers to every dollar in their tills.

This achievement was possible, not because Mr. Morgan had in his own tills any tremendous supply of cash. It was not his money that saved the country from a panic that might have run to fearful lengths. It was the money of the banks, of the capitalists, of the private banking houses of Europe, of the world. Mr. Morgan alone could command that money for the needs of Wall Street. That has always been the secret of his power- his ability to command the money of the nations to do his bidding. It was this power that made the Steel corporation possible, that enabled him

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WALL STREET DURING THE RECENT PANIC

Anxious depositors making a run on The Trust Company of America; the office of Mr. Morgan on the right

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MR. CLEMENT A. GRISCOM

MR. CHAS. S. MELLEN

MR. GEORGE W. PERKINS

A PART OF THE MORGAN FINANCIAL CABINET

Mr. Baer is president of the Reading Company; Mr. Mellen, president of the N. Y., N. H. & H. Railroad; Mr. Griscom is steamship adviser; Mr. Perkins looks after the details of all financial transactions

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MR. MORGAN HEADING THE DELEGATION TO WELCOME PRINCE LOUIS OF BATTENBERG

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