WOMEN: Masterful Lady

"There's the woman who runs me. . . . She has a great deal of sense," said the late John Pierpont Morgan, years ago, when his daughter Anne left his library after having interrupted a group of business bigwigs.

Last week in the ballroom of the Waldorf-Astoria, Manhattan, 2,000 men and women in evening dress sat down to an expensive banquet. Each had paid $205 for the privilege—$5 for the food, $200 because Anne Morgan had an idea. There was, of course, a speakers' table, lifted not so much by carpenters as by...

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