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Updated: June 15, 2025
It will be some time before the crowd will find it possible to hand in an account and render a full estimate of the value of the service that Pierpont Morgan has rendered to our modern world; but the service has been for the most part rendered now and while the world, in its mingled dismay and gratitude at the way he has hammered it together, is distributing its praise and blame, there are some of us who would like to step one side a little and think quietly, if we may, not about what Pierpont Morgan has done, which we admit duly, but about the blindness in his eyes.
He sought the co-operation of the owners of the greatest private art galleries in the country: J. Pierpont Morgan, Henry C. Frick, Joseph E. Widener, George W. Elkins, John G. Johnson, Charles P. Taft, Mrs. John L. Gardner, Charles L. Freer, Mrs. Havemeyer, and the owners of the Benjamin Altman Collection, and sought permission to reproduce their greatest paintings.
"The real trouble with you," commented Larry, "is that, though you can paint, as a business man, as a promoter of your own stock, the suckling infant in that picture is a J. Pierpont Morgan of multiplied capacity compared to " "Stop making that noise like a damned fool!"
A shrewd prophet in Wall Street might perhaps have set a mark on Pierpont Morgan, but hardly on the Rockefellers or William C. Whitney or Whitelaw Reid. No one would have picked out William McKinley or John Hay or Mark Hanna for great statesmen. Boston was ignorant of the careers in store for Alexander Agassiz and Henry Higginson.
Of her operas, "Les Roussalkas" met with a success when produced in Brussels. Marguerite Olagnier is a composer whose productions show real worth. Her "Sais," performed in 1881, contained many beautiful numbers. She has written another opera, "Le Persan." Marie de Pierpont was a talented writer for the organ, as well as an excellent performer on that instrument.
This was the literary situation when Holmes was preluding in the magazine. The acknowledged poets in Boston were Dana, Sprague, and Pierpont. Are these names familiar to the readers of this essay? How much of their poetry can those readers repeat? No one knows more surely than he who writes of a living author how hard it is to forecast fame, and how dangerous is prophecy.
On the day of sailing I will write to you, enclosing the bills of lading. Your interesting letter of the 23d is this day received. It brings me to the familiar acquaintance with your amiable circle, and admits me to your fireside more than any thing you have written. Mrs. Allen is here. Anna will, to all appearance, be married before spring to a merchant of the name of Pierpont.
One man wanted dad to cash a check, 'cause the bank was closed, and he was a rich-looking duke, and dad was just going to get his roll out and peel off some more onion, when I said: "Not on your tintype, Mr. Duke," and dad left his roll in his pocket, and the duke gave me a look as though he wanted to choke me, and went away, saying: "There is Mr. Pierpont Morgan, and I can get him to cash it."
We have not determined when or where we shall move in the country. It shall certainly not be long ere we leave the city. Anna Pierpont is well. She and husband go on merrily. They love each other very much, and that is half the battle. She begged me not to omit giving a thousand loves to you. My love to the Hugers. Tell them I have seen Nancy. She looks better than they ever saw her.
The wealthy had small incomes, though relatively great. It was whispered that Pierpont Edwards, the rich and prosperous New Haven lawyer, had an income from his law practice of two thousand dollars per year.
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