His successful mediation of the rate war between the New York Central and Pennsylvania railroads convinced the Southern, Erie, and Northern Pacific railroads to let him reorganize those companies.
Near the end of his life, he defended himself in a confrontation with Samuel Untermeyer at the Pujo committee hearings and he had earlier been lambasted for allegedly supplying defective guns to Union troops in the Hall Carbine Affair. His successful mediation of the rate war between the New York Central and Pennsylvania railroads convinced the Southern, Erie, and Northern Pacific railroads to let him reorganize those companies. That action, along with his arranging the transfer of sixty-two million dollars in gold to the U.S. Treasury, allowed him to calm the Panic of 1893. FTP, name this consolidator of International Harvester, General Electric, and U.S. Steel; the leading financier at the turn of the twentieth century.
Near the end of his life, he defended himself in a confrontation with Samuel Untermeyer at the Pujo committee hearings and he had earlier been lambasted for allegedly supplying defective guns to Union troops in the Hall Carbine Affair.
John Pierpont Morgan