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To: gjhinc who wrote (57663)	5/21/1999 11:21:00 AM
From: Paul Viapiano	Respond to of 164684

<<<Wasn't it Andrew Carnegie who single-handedly turned the market around when the first run on the banks started in '29? <Real historians, please jump in.>>> JP Morgan stepped in during the Panic of 1907...he was 70 years old. In 2 weeks he saved several trust companies, a large brokerage house and bailed out NYC and the Stock Exchange. He gathered the city's bankers in his library, locked the door and told them they couldn't leave until a plan was worked out. They all approved and signed his bailout package.