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J. S. Morgan’s core business was short-term trade finance, “discounting bills,” as it was called. Its primary customers were American cotton or iron merchants. They typically sold their goods on credit, taking back a piece of paper, or “bill of exchange,” which could be cashed at a specific bank such as Barings at some set future date. If a
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
The practical methodologies evolved over many years, and were largely the work of John Hall, a gunsmith from Portland, Maine, and inventor of the “Hall carbine” that became notorious when muckrakers dug into the youthful Pierpont Morgan’s dealings with Civil War procurement authorities.
Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
Poor John Field!—I trust he does not read this, unless he will improve by it—thinking to live by some derivative old-country mode in this primitive new country—to catch perch with shiners. It is good bait sometimes, I allow. With his horizon all his own, yet he a poor man, born to be poor, with his inherited Irish poverty or poor life, his Adam’s
... See moreHenry David Thoreau • Walden (AmazonClassics Edition)
Killick was a cross-grained bastard, who supposed that if he sprinkled his discourse with a good many sirs, the words in between did not signify: but still he had procured this coffee, these eggs, this butter, this soft tack, on shore and had put them on the table the morning after a hot engagement – ship still cleared for action and the galley
... See morePatrick O'Brian • HMS Surprise
Asterisk Magazine Issue 01 Inaugural Issue
Anthony Drexel, of the long-established Philadelphia banking family, changing the firm to Drexel, Morgan & Co., with the older man again named first.
Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
aristocracy. Lumberjacks by day, conductors of the philharmonic