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war would be the final outcome. He challenged me to find an instance in his-
tory where the result had been otherwise. My only reply was that this was the
Twentieth Century and the President <del>himself</del> in temperament and in purpose was
different from any other who had attempted to do such things.
July 17, 1914.
My interview came out in the Times this morning and the editorial which
Brooks wrote and I inspired. I think it will do the President good. The
Times would certainly have taken a different view if I had not diverted its
opinions.
Lord Northcliffe has invited me to lunch with him at Black friars in the
Times Building on Monday.
James Speyer called this morning. He is pessimistic over the business
situation, although he does not blame <del/> the President in the slightest. He
thinks he has done all that could be done in the circumstances, and he does not
even object to the anti-trust bills.
Speyer fell to talking of the Late Pierpont Morgan. James J. Hill
had told him once that Morgan was like a dog jumping at a piece of meat-- the
higher you held it, the higher he would jump. Speyer said it was well known
among Morgan's friends that he had a mania for buying, and the fact that the
price asked was disproportionate to its value, made no difference. He cited
many instances where Morgan paid absurd prices for properties and for art col-
lections. He gave one piece of inside information concerning the Dayton, Cincin
nati & Hamilton Railroad <del/> He said while Harriman refused to let
the Erie keep that road after Morgan had sold it to them, that afterward he and
Morgan became reconciled, and he told Morgan he would help him unload it on
the B. & O. which they did, and from which purchase that road is now suffering.
I am writing the President today. See letter attached.
| Title | ms_0466_s2_v2_131 |
| Transcript |
war would be the final outcome. He challenged me to find an instance in his-
tory where the result had been otherwise. My only reply was that this was the
Twentieth Century and the President |
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