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“ Morgan was recognized as a colossal figure in the world of finance, and his counsel and presence were always influential. His breadth of vision, keenness of conception, and ability to immediately grasp and understand the most difficult problems made him a giant power among financial men in all parts of the world. By many prominent financiers and business men he was looked upon as the greatest financier the world has produced for at least a century. ”

“ He was primarily a banker, and, as such, acted as an agent for wealthy clients in the investment of money. Some people would call him a practical railroad man, a steel manufacturer, a coal operator, because he was interested in such things and dealt in them. But Mr. Morgan was essentially a worker with money — a master of finance. While his business was a partnership, and not a corporation, he was its dominant factor. No man had greater influence in financial and industrial circles, nor was any individual more trusted. ”

“ Both England and Germany owe much of their latter-day growth to iron and steel manufacture, and Mr. Morgan represented the formidable arch-ironmaster, contracting the greatest and cheapest supply. J. Pierpont Morgan was first of all a creator, and not a destroyer, in spite of adverse criticism. He sought to conserve force and economize time and expense. Very often he has come to the aid of Wall Street in times of panic, and acted the part of financial balance-wheel. Furthermore, Mr. Morgan again and again relieved the United States government of serious fiscal stress. ”