Evening Republican, Volume 20, Number 212, Rensselaer, Jasper County, 4 September 1916 — MORGAN JR. HAS $126,833,000 [ARTICLE]

MORGAN JR. HAS $126,833,000

Doubles His Father’s Wealth in British Munition Orders and War Loans. New York.—J. P. Morgan, from figures learned by the appraisal of his father’s estate, has made as much money during the last two years as the old head of the house made during hi* entire career. The elder Morgan’s estate was appraised last week at $73,149,000. of which $53,684,000 went to the present J. P. Morgan. Nearly all the amount made by the present Morgan was earned through munition orders and commissions on loans, the Morgan firm having received a commission of 2 per cent on all munitions and supplies purchased by the British government.