1915 The Allied governments retain J.P. Morgan & Co. as their agent to handle purchases of war supplies in the United States. Thomas Lamont, of the House of Morgan, appoints Edward R. Stettinius, Sr. to oversee this vast operation. Stettinius soon becomes a partner, heading a special department that apportions British and French orders of war materiels among U.S. steel mills, powder plants, tool works and dozens of other industries.