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J.P. Morgan
Beginning of paper
“No, sir, the first thing is character. Before money or anything
else. Money cannot buy it… Because a man I do not trust could not get money
from me on all the bonds in Christendom” (Sinclair XIII). With that line,
John Pierpont Morgan ended his career in a show-stealing manner. Indeed,
J.P. Morgan was a man of character; moreover, he was p ....
Middle of paper
....ss 64). In 1895 when the U.S. gold reserves
fell dangerously low, he signed a contract with President Grover Cleveland
to procure $50 million in gold from Europe in a private-bond sale, saving
the Treasury from distress (Gross 65). In the fall of 1907, the future of
America's financial system again looked bleak. Dun's Review noted that
8,090 compa.... |
| Word count: 1122 |
Page count: 5 |
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