MONEY & BANKING: Morgan's Men

At 23 Wall Street one day last week J. P. Morgan humped himself from his desk at the far end of the big room in which all Morgan partners sit, walked through the lobby to a small reception room and greeted reporters with a "Good day, Gentlemen." At that point Mr. Morgan's usual embarrassment overtook him, he muttered something about his firm's being "short-handed," then passed around flimsy sheets bearing the curt announcement:

"Messrs. J. P. Morgan & Co. announce that they propose to admit to general partnership on February 17, 1939, Messrs....

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