Life — September 1, 1904 — page 5: what you’re looking at

What you’re looking at

# Analysis This page contains **no political cartoon**. The left column presents a humorous anecdote titled "J. Pierpont Morgan and His $4,000 Pearl"—a story about the wealthy financier J. Pierpont Morgan receiving an exceptionally fine pearl. A jeweler offered to buy it, but Morgan, through intermediaries, demanded $5,000. When the jeweler balked, Morgan placed the pearl in a sealed box with a $5,000 check, leaving terms that the box could only be returned unopened or kept at that price. The jeweler ultimately accepted, validating Morgan's confident assessment of the pearl's value. The right side is a **Tiffany & Co. advertisement** featuring their "Loving Cups" and "Small Prize Cups," with prices and specifications, plus exhibition location details at the St. Louis Exposition. The bottom contains a brief humorous dialogue about a ship's captain.