Uncommon Letter of Philanthropist and Businessman J.P. Morgan, Giving Money to Support a Widow and Her Children
Philip H. Welch was a well-loved humorist whose works and sketches were published frequently in Puck, Life, Harper’s Bazaar and other major magazines and newspapers of the day. In 1889 he died prematurely at age 40, leaving a wife and small children. Edward P. Clark was a newspaperman who knew Welch well,...
Philip H. Welch was a well-loved humorist whose works and sketches were published frequently in Puck, Life, Harper’s Bazaar and other major magazines and newspapers of the day. In 1889 he died prematurely at age 40, leaving a wife and small children. Edward P. Clark was a newspaperman who knew Welch well, and he instituted a project to raise funds for the support of the widow and children. He wrote many notables asking for contributions, and one of those was John Pierpont Morgan.
J.P. Morgan, the great American businessman, was also among the country’s greatest philanthropists. So it was natural that Clark should approach him. He did not disappoint, making what was for then an enormous contribution.
Letter signed, on Drexel, Morgan and Co. letterhead, New York, June 14, 1889, to Clark. “My dear sir, I have receipt of your note of the 15th and take pleasure in enclosing you herewith my check for $250 – as a subscription to the Philip H. Welch Memorial fund. Trusting you may be able to complete the amount required…”
This comes with a letter from Mrs. Morgan contributing money as well.
Stock certificates signed by Morgan are relatively common. However, letters of Morgan, particularly on such a touching subject, are uncommon.
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