Word: morgans
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Dates: during 1940-1940
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...your notice of my book J. Pierpont Morgan, an Intimate Portrait (Dec. 18) your reviewer takes exception to my clarification of the old Civil War Hall's carbine legend, and says...
...flaw in Lawyer Satterlee's case seems to be his statement that 'Pierpont . . . did not lend any money on [a] second shipment of carbines.' Lewis Corey, in The House of Morgan (1930) quotes the Reports of the House of Representatives to show that Morgan filed a bill with the Government for 58,175 for a second batch of carbines, a claim on which an investigating committee later allowed him $11,008." Mr. Corey misled your reviewer. Morgan never filed any bill with anyone, or made any claim against the Government. No committee, commission or court ever said...
...Ketchum stood in Morgan's shoes as far as the collateral was concerned, he brought his claim in Morgan's name and the files in Washington are so labelled, but anyone who wants to get at the facts and read the two reports of the Congressional Investigating Committee and the War Department Commission's report and the records of the Stevens suit in the Court of Claims will find that Morgan had no profit, interest or commission whatever in the transaction after his loan had been paid...
...Satterlee . . . says that Eastman sold the carbines to Stevens and that Stevens gave them as collateral for a $20.000 loan from Morgan. But Eastman could not sell the carbines and Stevens could not give them as collateral because the carbines were still Government property. In making the "sale" to General Fremont, Stevens "sold" to the Government its own property at $22 per carbine which he afterward bought from the Government at $3.50. Only after the "sale" was the purchase made, Morgan buying the carbines in Eastman's name with a payment of $17,486 (Senate Executive Documents...
...true that Morgan's loan had been repaid-I make no statement to the contrary in my book-when the claim was made upon the Government for further payment. But the claim was made in Morgan's name, with Morgan, according to Ketchum, "acting as a sort of trustee in the premises" (House Reports, 37th Congress, 1861-62, 2nd Session, Vol.1...