“Yet Morgan was surprisingly patient. As an investment banker who had backed many railroads, which were continually absorbing new technologies, he seemed quite accepting that problems large and small were inevitable.” — Jill Jonnes Copy Share Image
“No competition means no invention.”20 In the wake of the Barings debacle, however, Villard had seen his German-funded North American Bank, source of much… — Jill Jonnes Copy Share
“His faith in the new industry, his advice, and his constant financial support were the factors that led to its spectacular development; otherwise it… — Jill Jonnes Copy Share
“Yet Morgan was surprisingly patient. As an investment banker who had backed many railroads, which were continually absorbing new technologies, he seemed quite accepting… — Jill Jonnes Copy Share
“The emblems of status may shift, but human nature generally delights in being first.” — Jill Jonnes Copy Share
