The immense reserves held at the central banks in London and Paris might be tapped to help solve the American Panic of 1907. Attracting those resources presented a clear addition to US liquidity rather than simply rearranging the US reserves. We turn now to the five attempts Morgan made to funnel excess reserves from European sources to alleviate the New York crisis. Two were meant to shore up his own firm’s liquidity position and faith in his bills of exchange. The other three were attempts, some successful and some not, to draw gold from Paris to alleviate liquidity stringency at the Bank of England, and in New York and Toronto. These are less well-known actions that Morgan and his London partners took during the panic.