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To: Teresa Lo who wrote (598)10/12/2000 11:43:20 PM
From: Patrick Slevin  Respond to of 8925
 
No, actually not in the stock market. I was speaking of Pierpont Morgan and not Jack Morgan, J.P. Morgan Junior.

Pierpont really did make his money almost everywhere but the stock market. Underwriting included.

Unless you are saying that he made the money underwriting debt issues and taking a fee for that. Of course, yes. He was not adverse to making money underwriting debt.



To: Teresa Lo who wrote (598)10/12/2000 11:47:29 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 8925
 
Here is an interesting fact. JP Morgan, Junior and Senior, owned a seat on the NYSE from 1895 to about 1942.

Pierpont never was on the floor and Jack only showed up there once. For a Liberty Bond drive, a World War One event. Stock was really not in the Morgan interests.


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