like isabella gardner, morgan identified with a renaissance predecessor, the great baer agostino chigi. morgan even installed in his study brocade wall-covering with chigi's coat-of-arms. morgan's taste inclined to the decorative arts. he liked small, finely wrought objects. nevertheless, like other american collectors he wanted a raphael madonna. in 1910 he purchased "the holy family," which he hoped would prove to be by raphael. this picture is now knowto be a copy, but morgan's importance as a collector of raphael should not be underestimated. he spent more than half his fortune on works of art and set the example that other collectors would follow. like mrs. gardner, morgan never succeeded in obtaining an autographed madonna by raphael. the first american to accomplish this was henry walters of baltimore. walters made a fortune consolidating railways and was reputed to be the richest man in the south. well-educated, well-traveled, cultivated, walters, like morgan, had a taste for precious objects. nevertheless, he felt it was important to include a raphael in his collection. in 190