J. P. Morgan
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John Pierpont Morgan (April 17, 1837 – March 31, 1913) was an American financier, banker, philanthropist and art collector who dominated corporate finance and industrial consolidation during his time.
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- It will fluctuate.
- Said of the stock market, as quoted in Jean Strouse, Morgan: American Financier (Random House, 1999), p. 11
- I owe the public nothing.
- Quoted in the New York World (11 May 1901) during the Northern Pacific Corner. See Morgan: American Financier by Jean Strouse
Testimony to the Pujo Committee (1912)
- The first thing [in credit] is character … before money or anything else. Money cannot buy it.… A man I do not trust could not get money from me on all the bonds in Christendom. I think that is the fundamental basis of business.
- [Credit] is an evidence of banking, but it is not the money itself. Money is gold, and nothing else.
- Testimony of J. P. Morgan Before the Bank and Currency Committee of the House of Representatives, at Washington, D. C., Appointed for the Purpose of Investigating an Alleged Money Trust in "Wall Street." Cross-Examined by Samuel Untermyer, Attorney for the Committee. (December 18-19, 1912). Retrieved on November 27, 2019.