J. P. Morgan Quotes
The time is coming when all businesses will have to be done with glass pockets.
J. Pierpont Morgan, 1837-1913, Financer and Industrialist, Quoted in The Long Term View, Fall 2003
Sourced by: Eigen's Political and Historical Quotations
The issue was still not decided by the beginning of the 21st Century except that a certain amount of public disclosure was required if the company raised funds by selling stock to the public, but there were some giant corporations that were private and exercised huge power and influence and yet whose operations were secret.
John Pierpont Morgan was an American financier and banker who dominated corporate finance on Wall Street throughout the Gilded Age. As the head of the banking firm that ultimately became known as J.P. Morgan and Co., he was a driving force behind the wave of industrial consolidation in the United States spanning the late 19th and early 20th centuries.