 By then , John Pierpont Morgan was drawn into another situation . There was deep concern that the Trust Company of America and the Lincoln Trust might fail to open on Monday due to continuing runs by depositors . On Saturday evening 40 – 50 bankers had gathered at the library to discuss the crisis , with the clearing @-@ house bank presidents in the East room and the trust company executives in the West room . Morgan and those dealing with the Moore & Schley situation had moved to the librarian ’ s office . There Morgan told his counselors that he would agree to help shore up Moore & Schley only if the trust companies would work together to bail out their weakest brethren . The discussion among the bankers continued late into Saturday night but without much progress . Around midnight , J.P. Morgan informed a leader of the trust company presidents that keeping Moore & Schley afloat would require $ 25 million , and he would not commit those funds unless the problems with the trust companies could also be resolved . The trust company executives understood they would not receive further help from Morgan ; they would have to finance any bailout of the two struggling trust companies . 
