EQUITABLE LIFE ASSURANCE SOCIETY.
PIERPONT MORGAN ACQUIRES
CONTROL
United Press Association— Copyright (Received - December 6, 1.15 a.m.) NEW YORK, Dec. 5.
Mr. Pierpont Morgan has secured control of the Equitable Life Assurance Society of New York, with ninety-four millions sterlings’ worth of assets. This is interpreted in Wall Street as foreshadowing a gigantic merger of banking interests. Pierpont Morgan recently purchased a guaranty trust with capital resources of 20 millions sterling. Moderate American newspapers” estimate the resources he now controls at 350 millions sterling.
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Gisborne Times, Volume XXVII, Issue 2677, 6 December 1909, Page 5
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84EQUITABLE LIFE ASSURANCE SOCIETY. Gisborne Times, Volume XXVII, Issue 2677, 6 December 1909, Page 5
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