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MORGAN IS DEAD

As I have said before, I went down to my office
every morning, generally taking the subway. One
morning I was coming up to the street from Wall
Street subway station, when I heard newsboys cry :
** Morgan dead! Morgan dead ! " The famous
financier had been reported to be critically ill in
Italy ; so that the hysterical call of newsboys did
not startle me very much. But when I came out
to Wall Street, I was surprised to see the doors of
many buildings draped with the American national
flags. I knew that Mr. J. P. Morgan was the
veritable sovereign of Wall Street and that his
death was a universal loss to the financial world.
It was, therefore, perhaps natural (from the Ame¬
rican point of view) that Wall Street should have
shown its sympathy for the demise of this sovereign