^Lot 316 J. Pierpont Morgan

One of the most successful and influential financiers in American history (1837–1913) and founder of U.S. Steel Corporation, the world’s first billion-dollar company. ALS, two pages on two adjoining sheets, 5 x 8, Drexel, Morgan & Co. letterhead, December 16, 1885. Letter to William H. Brawley. In full: ”I am in receipt of your favor of 24th ulto which would have been answered sooner but for illness. In reply I would say that I do not feel called upon in justice to others, whose interests I represent to accept the proposition made. I have felt that the propositions I made to divide between us whatever the bonds brought would be acceptable to both parties—and, if you remember, you addressed the same sentiments. I think on reflection the parties interested will appreciate the position in which I am placed.” In very good condition, with uniform toning, a few wrinkles and some scattered light spots to blank portion of second page. The first Morgan ALS we have seen, made even more desirable with financial content.