J. P. Morgan Accepts Kuhn, Loeb Invitation


In this two-sentence reply from May 2, 1905, J. P. Morgan accepts Kuhn, Loeb’s offer of a $1,000,000 allotment in a $25,500,000 transaction for the American Smelters Securities Company. The reply was dated May 2, 1905, only one day after the date on the Kuhn, Loeb invitation. The alacrity with which J. P. Morgan accepted the offer suggests that he held Kuhn, Loeb in high esteem. Likewise, the cordial tone of the note is suggestive of respect.