The touch of Midas turned things to gold. In the legends of finance the name of J. P. Morgan is supposed to have the same effect. All sorts of stocks are sometimes labelled Morgan stocks, yet no one save the uncommunicative partners at 23 Wall St. really knows exactly what companies have Morgan connections, or how much stock interest, if any, J. P. Morgan Co. holds in them. Speculators eager to know how much the name of Morgan is like the touch of Midas, have spent much time calculating what profit Morgan...
To continue reading:
or
Log-In
