J. P. Morgan
American financier, banker, philanthropist and art collector
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.
- 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
- 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.
- Testimony to the Pujo Committee (1912)
- Untermyer: Is not commercial credit based primarily upon money or property?
Morgan: No, sir; the first thing is character.