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Georgetown Daily Item in Georgetown, South Carolina

18 Dec 1909

Page 2

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Georgetown Daily Item December 18, 1909 Page 2 old newspaper archives

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Newspaper

Georgetown Daily Item

Location

Georgetown, South Carolina, United States of America

Date

Dec 18, 1909

Page

2

Morgan's Equitable Purchase Draws Mixed Editorials

The Philadelphia Ledger and Commoner debate J Pierpont Morgans recent Equitable Life stock move. The World contends Morgan bought power over 460 million of others money, while critics doubt the public spirit claim and question the price paid.

MENTIONED IN THIS ARTICLE

Philadelphia Ledger J. Pierpont Morgan Equitable Life Assurance Society Equitable New York Wall Street Street Morgan Philadelphia Public Ledger Public Ledger George W. Childs New York World Mr. Morgan the World Thomas F. Ryan Mr. Ryan James Hazen Hyce
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Morgan Control over Equitable Assets Shapes Market Power

The passage argues that Morgan now holds vast private financial power through Equitable assets, controlling a thousand million dollars of policyholders money. It claims capability to manipulate markets, influence banks and deposits, and access others' funds, risking public protection despite insurance codes.

MENTIONED IN THIS ARTICLE

New York Wall Street Co Terie Armstrong Hun
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Also Mentioned on This Page

Daily Georgetown Georgetown Daily Item CO Loc W. Rouse South Carolina Congress Longleaf Pine Lumber Mallory Atill Dunmore P. O. Box Georgetown, S.C Morris Southern Mercantile Co North Carolina Florida Georgia N. C J. J. Cuddiley & CompAny S. Ocean ST Jacksonville W.d.morcan Bank OF H.kaminski Shier Georgetown
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