Captain of Industry. This title, while not new, was brought into general use by a luncheon in New
York arranged in honor of Prince Henry of Prussia when he visited the United States in 1902 and
which was attended by men at the head of or who by their genius, means or otherwise were
responsible, in whole or in part, for the creation and development of important industries in the
United States. John Pierpont Morgan, a leading financier, presided at the luncheon and the men
who attended it were designated Captains of Industry.