Morgan's Rescue of the New York Stock Exchange

The New York Stock Exchange next appears on Morgan's doorstep and announces that with the posity of broker's loans on the market, the speculators would soon begin to sell their shares in fire sales. The US Treasury begins to lend a hand; George Courtell U is one of the major players here. And by early November, Morgan says, you know what we really need to do: form a rescue pool or the trust companies funded by the trust companies. It turns out that very same weekend yet the crisis moves to a brokerage firm that is teetering and the collapse of which would yet renew the crisis.