The House of Morgan Chapter Summary & Analysis - Part 2 Chapter 9 Metamorphosis Summary

Part 2 Chapter 9 Metamorphosis Summary and Analysis

The Morgans purchase 23 Wall Street in early 1912. They tear down the building, buy a Tennessee marble quarry, and began building their new building. Jack sets the cornerstone in 1913. The building is completed in 1914. The building is smaller but has only the House of Morgan as its tenants and Jack as the head of the House of Morgan. Unlike his father, Jack delegates authority. Jack runs the office in the British manner with afternoon tea and daily partners meetings. Jack, unlike his father, recruites executives who are very strong capable businessmen. Like other Morgan sons, Jack carries on the Morgan tradition of father worship and tries to mimic his dead father. He also carries on the philanthropic tradition. His specialty becomes original manuscripts dated before the 1500s. Jack buys an island and builds Matinicock Point, a huge chateau. They move there in 1911. He and Jessie spend...
(read more)