Image 1 of The Caldwell watchman (Columbia, La.), January 9, 1914

louisiana state university; baton rouge, la

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VOL XXVIII COLUMBIA L RIDAY JANUAUY1 91 1914 O HOUSE OF MORGAN Sr AU5ES UPHEAVAL GREAT NEW YORK BANKING CON CERN WITHDRAWS FROM MANY CORPORATIONS IS BIG CHANGE IN POLICY Action Is Believed to Mark Passing of System of Interlocking Directorates Wetern NewsDpaper Union News Service New YorkThe withdrawal of J P Morgan Company from more than a score of great corporations anl the statement shortly afterward by Geo F Baker an almost equally dominant figure in American finance that he soon will take similar action gave Wall street a thrill that almost broeght trading on the stock exchange to a halt Mr Morgan departing from his firms traditional policy of silence made a public statement announcing the withdrawal of five members of J P Morgan Company from director ships in 27 corporations and the inten tion to withdraw from more Sees Change in Public Sentiment The necessity of attending many board meetings Mr Morgan said has been so serious a burden upon our time that we have long wished to withdraw from the directorates of many corporations Most of these directorships we have accepted with reluctance and only because wo felt constrained to keep in touch with properties which

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newspapers caldwell parish (la.)columbia (caldwell parish, la.)louisiana caldwell columbia united states columbia (caldwell parish)caldwell parish newspaper chronicling america serial and government publications division the caldwell watchman (columbia, la.) 1885-1946

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louisiana state university; baton rouge, la. 1914-01-09. Image 1 of The Caldwell watchman (Columbia, La.), January 9, 1914. https://www.loc.gov/resource/sn88064181/1914-01-09/ed-1/?sp=1

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