NEWS WORTH REMEMBERING
News Worth Remembering FLOOD and tornado wrought havoc last week in the Middle West, bringing death to hundreds and deprivation and suffering to thousands. On Sunday a terrific cyclone swept...
...Newspaper correspondents report countless deeds of heroism...
...His operations were not confined to this country...
...Omaha was hardest hit...
...Grand opera at the Metropolitan Opera House draws an average of $70,000 a week or $6.00 a chair...
...Sarah Bernhardt draws as high as $40,000 to $45,000 a week in some cities on her American tours...
...He promoted industrial enterprises in South America and China, with the strong arm of a government imbued with dollar diplomacy to aid his enterprises...
...His physicians rushed with him to Cairo and later he was taken to Rome...
...He acquired the control of great insurance companies...
...The land thus reclaimed from the swamps might go a long way, in Mr...
...Wilson Appeals for Aid President Wilson appealed to the whole nation to come to the relief of the stricken people of Ohio and Indiana...
...Victims Cared For Food and clothing, medicines and physicians and money were hurried from all parts of the nation to the scene of the disaster...
...Dayton Ravaged by Flood Scarcely had the extent of the Omaha disaster been fully revealed when the news came that Ohio and Indiana were in the throes of an appalling flood...
...So great was the power wielded by Mr...
...The reclamation of these overwa-tered lands, however, to be of real value, must be preceded by systematic work in the channels of the streams draining the areas to be improved...
...It left a trail of ruin...
...He was not an operator of properties but a representative of capital...
...In a signed statement he said: "The terrible floods in Ohio and Indiana have assumed the proportions of a national calamity...
...It will not do for Ohio or Indiana, or even the two states together, to spend their money generously in clearing the beds of the streams within their boundaries...
...J. PIERPONT MORGAN Whose death closes the long and tremendously active career of one of the most conspicuous financiers of history...
...But the normal figures for great successes on the regular theatrical stage run but little lower...
...But the water is to be removed from the land and that is as fit subject for reclamation work as that now being carried on in the desert lands out West...
...That would merely carry the flood more swiftly to the state lines to the south, and the water would back up more angrily than ever into what would quickly be great lakes...
...Under his direction the "House of Morgan" acquired a prestige that has made it at the present time the real master of capital in America and the heart and center of the money power...
...For days it was feared that the loss of life in this city alone would reach into the thousands and every effort was made to get rescue parties and boats on the scene before the people who had been marooned on the roofs of buildings and on isolated high places had perished from hunger and exposure...
...Fire broke out in the wreckage on twenty instances but despite the difficulties encountered the fire department extinguished them all within a few hours...
...Dayton was the chief sufferer from this flood...
...But in another way reclamation is a great problem in the Mississippi Valley and the East...
...Morgan's talents were chiefly those of an organizer, promoter and banker...
...The property loss in the regions swept by the flood will reach a tremendous figure, the exact extent of which can not be estimated until the waters recede and the extent of the damage is ascertained...
...Morgan over government and business that for years he has been referred to as "King Morgan...
...He financed emperors of great nations...
...Certain single performances at Covent Garden in London have drawn as high as $30,000 and $40,000...
...Aside from the perpetual protection against flood which he believes his plan would give to settlers in low regions, there are widespread districts along the Mississippi and many other rivers that would be thrown open to settlement...
...The heavy rains of the early part of the week had filled the streams and rivers to overflowing...
...Morgan passed away after a week of critical illness and he was unconscious most of the time since the preceding Wednesday...
...For nearly a generation Morgan was a dominating figure in American finance...
...Notes on the Present State of the Theatre By THOMAS H. DICKINSON VIII...
...The breaking of a levee and the bursting of a large reservoir turned loose a sea of raging waters which swept down upon the city and completely engulfed it...
...These may represent extraordinary and state occasions...
...Here, of course, the land is not arid and there is no scarcity of water...
...THE AMOUNT of money which is taken in during a single week at some of the more expensive theatrical and operatic productions would serve to endow in perpetuity a respectable museum of art or a dramatic conservatory...
...The path of the storm was about a quarter of a mile wide and five or six miles long...
...Announcement of the death was not made to the waiting newspaper men for some time after the end came, information being held up until private cables could be sent to the London and New York houses of the Morgan firm...
...The trouble was simply that the neck of the bottle was too small for the water to run out...
...We should make this a common cause...
...He acquired control of the railroads, yet he was not a railroad man...
...The whole world was his field...
...Gradually his control extended over banks, insurance companies, railroads, steamship lines, steel and coal, water power, electric light, and countless others of the great resources of the nation...
...On Sunday a terrific cyclone swept through Nebraska and Iowa and spent itself in Indiana and Illinois...
...More than a hundred people were killed and hundreds more rendered homeless...
...Great businesses were to him pawns in a mighty game, with monopoly control as the stake...
...The thing is too large for the states alone...
...He acquired control of steel, rubber, electricity and other interests, yet he was not a manufacturer...
...Copyrighted, Am...
...A harmonious, scientific system most be worked out by the federal authorities and the states must then make their contributions in the way that will do the most good to the whole valley affected...
...Lane Urges Protection Secretary of the Interior Franklin K. Lane outlined a plan for preventing such floods as have devasted Ohio and Indiana...
...The tornado passed through the residential portion of the city from the southwest to the northeast, traversing the wealthier section as well as that occupied by those in comfortable circumstances and the very poor...
...David Warfield has often played to $25,000 a week and Miss Adams has played to $20,000...
...The basis of this plan is the deepening and widening of the channels of all streams liable to flood conditions...
...Lane's opinion, to reimburse the states for appropriations they would be called upon to make...
...yet he was not an insurance man...
...The needs of those upon whom this sudden and overwhelming disaster has come should quicken every one capable of sympathy and compassion to give immediate aid to those who are laboring to rescue and relieve...
...By the end of the week it was reported that the work of caring for the flood victims is well organized and that all of the homeless are receiving food and shelter...
...When the history of the period since the Civil War is written, the "House of Morgan" will stand out conspicuously as a monument to the grim individualism of the masters of capital at whose head for many years stood the silent, determined figure of Morgan...
...The end came peacefully while Morgan was still unconscious...
...Ben Hur, now in its thirteenth year, draws $30,000 a week, as also did the The Old Homestead during several years of its great success...
...In no spirit of criticism of the excellent productions so lavishly supported may it not be fairly asked whether a system of theatrical organization could not be evolved which would pay better dividends upon its enormous investment...
...Secretary of War Garrison and General Wood went personally to the devastated district to superintend the rescue and relief work...
...Upon one occasion the gross income for one evening at the Metropolitan was in excess of $50,000, this being a performance for Prince Henry, the brother of the German Emperor...
...Members of the financier's family were at the bedside...
...The loss of life and the infinite suffering involved prompt me to issue an earnest appeal to all who are able in however small a way to assist the labors of the American Red Cross to send contributions at once to the Red Cross at Washington or to the local treasurers of the society...
...Lane hopes to see the idea carried out through the co-operation of the federal government with the aid of states immediately endangered...
...Altoona, Pennsylvania, paid $3,258 to hear Eleanor Robson and Madison, Wisconsin, paid $2,300 to hear Sothern and Marlowe...
...Water works were the first enterprises to be put again into working condition so that the danger from typhoid would be lessened...
...Early in February, while making a trip up the Nile, he was attacked by acute indigestion...
...Along with this growing power over the business of the United States, Morgan extended more and more the grip of himself and his associates upon the government of the nation, states and cities...
...Morgan's financial operations extended into almost every field of American commerce, transportation, banking and industry...
...Morgan is Dead J. Pierpont Morgan died at the Grand Hotel at Rome, March 31...
...Even small and not particularly wealthy communities are often called upon to pay several thousand dollars for a single night of entertainment...
...The reclamation service," said the Secretary of the Interior, "usually is regarded as relating to the arid lands of the West, which are reclaimed by bringing water from the mountains...
...During the past dozen years— the era of consolidation of corporations into combinations and combinations into mergers—the Morgan influence was everywhere felt...
...The disaster at Dayton illustrates the point...
...Every effort is being made by the authorities to minimize the danger from sickness following the receding waters...
...Press Assn...
...And in every transaction involving the formation of trusts and mergers, Morgan fixed as part of his price for effecting the organization not only huge blocks of stock but substantial control over the industry...
Vol. 5 • April 1913 • No. 14
