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.
|This Businesspeople article is a stub. You can help Wikiquote by expanding it.|
- 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)Edit
- 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.
- Money is gold, and nothing else.
- Often misquoted as: Gold is money. Everything else is credit. Or: Gold and silver are money ...
- Untermyer: Is not commercial credit based primarily upon money or property?
Morgan: No, sir; the first thing is character.
- 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.