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Perhaps no other event of the year 1913 received as many lines of newspaper copy as Pierpont Morgan’s death. Momentarily the critical drumbeat—which had grown so loud and insistent with the Pujo hearings—was silenced. In lengthy obituaries, no analogy was too large to encompass the personage who had just died. The Economist called Pierpont “the Napoleon of Wall Street.”64 The Wall Street Journal said, “Such men have no successors. . . . There were no successors to Napoleon, Bismarck, Cecil Rhodes or E. H. Harriman, and their authority was not perpetuated.”65 These articles suggested that the ...more
The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance
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