gation served as the climax to many years of popular antagonism to the "big money" men and corporations. The attorneys prosecuting Morgan made the pivotal point that eighteen financial institutions effectively controlled a two-thirds majority of the 1912 capital resources, over twenty five billion dollars. The lead attorney questioned J. P. Morgan about his actions in a famous cross-examination. Morgan was questioned on his supposed monopolies, earnings and business practices. Throughout the examination he remained calm and relaxed finishing off the examination with his famous statement that, "Before money of property or anything else. Money cannot buy [character] because a man I do not trust could not get money from me on all the bond of Christendom. After the hearings adjourned, the charges were dropped and it was concluded that there was no intentional monopoly of the economic market. One reporter stated that, " J.P. Morgan lost no prestige through his appearanceOn the contrary, his willingness as a witness and his evident sincerity and frankness seem to have created a distinctly favorable impression. After Morgan's death in 1913, he was tributed in a great fashion by the same reporters that once scolded him for his greed. Tributes centered on his "rugged honesty and rock-ribbed integrity." Theodore Roosevelt praised his "sincerity and truthfulness." Others called him and uncrowned monarch and the "embodiment of the heroic age in American industrial history." It is without doubt that J.P. Morgan was one of the most essential men in the creation of the world's modern economy. His unparalleled genius led to the enhancement of numerous companies, corporations, inventions and systems. His ability to restructure railroads transformed the various local economies and began an overall upsurge in the financial system of America. The value of Morgan's organization of companies and funding is immeasurable, as these companies are some of today'...
