Morgan helps the Ochs family buy the New York Times
Citations (1)
- All the Presidents' Bankers: The Hidden Alliances That Drive American Power whole source · open book
He not only assisted other banks (for a price); in 1896, he had helped the Ochs family buy the New York Times. What the papers didn’t report at the time was that Morgan had not saved the day with his money or even with the sum of his compatriots’ money. He had parlayed the government’s money.
chapter: Introduction: When the President Needed the Bankers