Banker J. P. Morgan Born - This Month in Business History - Research The TV star, who was aged just 10 when it happened, retold Alex Jones and Roman Kemp about . Under this name the house has grown in strength and influence until at present it ranks among the great banking-houses of the world. [47] He had a "dry wit and genial manor and employed iron discipline." WIKITREE HOME | ABOUT | G2G FORUM | HELP | SEARCH. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. A man always has two reasons for doing anything: a good reason and the real reason. This house is among the chief negotiators of railroad bonds, and was active in the reorganization of the West Shore railroad and its absorption by the New York Central railroad. He suffered a broken wrist and concussion and was unconscious for five days until his death on April 8, 1890. 1785-1866 & Mary Sheldon Lord 1787-1855) with. In 1861 Morgan became the agent for his fathers banking company in New York City. Following a decade of railroad consolidation, he broke new ground by arranging the merger of Edison General Electric and Thomson-Houston Company to form General Electric in 1892. Junius S. Morgan II: Nephew and Adviser Junius Spencer Morgan Events. We may earn commission from links on this page, but we only recommend products we back. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. On November 8, a dinner was hosted in his honor at Delmonico's, with Samuel Tilden, John Jacob Astor, and Theodore Roosevelt Sr. among the guests. Through his New York social circle, Morgan grew close to Amelia "Memie" Sturges, the daughter of a successful merchant. v.).--His son, John Pierpont, banker, born in Hartford, Connecticut, 17 April, 1837, was educated at the English high-school in Boston, and then studied at the University of Gottingen, Germany. [1] Career Junius Spencer Morgan (1813 - 1890) - Genealogy - geni family tree In 1886 he reorganized two more major railroads with the aim of stabilizing their financial base. Today it is the Morgan Library & Museum . PDF By D. A. Sharpe His father, Junius Spencer Morgan, was a businessman of note who had high expectations for his son Pierpoint and started training him at a very early age. Junius Spencer Morgan I was an American banker and financier, as well as the father of John Pierpont "J.P." Morgan and patriarch to the Morgan banking house. Morgan members were notable for dominating the banking industry during . Having financed the creation of the Federal Steel Company in 1898, Morgan in 1901 joined in merging it with the giant Carnegie Steel Company and other steel companies to form United States Steel Corporation, which was the worlds first billion-dollar corporation. Meanwhile, Pierpont struck up a new romance with Frances Louisa "Fanny" Tracy, the daughter of a New York lawyer. [18] During this period, Morgan first met Francis M. Drexel, founder of Drexel & Company, one of Philadelphia's leading banks. Junius Spencer. junius spencer morgan 30 Nov. junius spencer morgan. Junius Spencer Morgan - Alchetron, The Free Social Encyclopedia J. P. Morgan shot; thirty-two caliber bullet penetrates groin - UPI Margaret Geer Walker lives there, Anonymous @ 2021-02-06 20:05:03 . WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. Why J. P. Morgan Jr. Was More Important Than His Father! The syndicate bought and quickly resold the bonds in early 1895, stabilizing the shaky economy. Early Years and Father's Death JP Morgan: Progressive Era [43] At the dinner, Morgan stated:[36], "never do anything to cause evil to be spoken of the American name. Morgan was also among the foremost collectors of art and books of his day; his book collection and the building that housed it in New York City are now The Pierpont Morgan Library. " Upon his father's death, he inherited part of Chicopee Field. 1892-1960. Married 2 May 1836 to Juliet Pierpont, born 30 July 1816 - Baltimore, Baltimore Co., MD, deceased 23 February 1884 aged 67 years old (Parents : John C. Pierpont, Rev. I don't want a lawyer who tells me what I can't do. Anonymous @ 2011-12-25 19:59:00 . By estimates, there were about 150 lavish estates built during that time, the majority of which have been turned into hotels and residential compounds. J.P. Morgan - The Life and Deals of America's Banker: Insight and Analysis into the Founder of Modern Finance and the American Banking System (Business Biographies and Memoirs - Titans of Industry) [MacGregor, JR] on Amazon.com. Early life. Junius Morgan: Founder of a Banking Dynasty by Daniel Alef archive.org GROUP. junius spencer morgan junius spencer morgan - bobesich.ca in Hartford, Connecticut, USA , United States, Died on March 31, 1913 You can't pick cherries with your back to the tree. The current owner, Margo Walker, a socialite and real estate broker, gradually bought up all the houses over the years, according to Bloomberg, which first reported that the compound would be put up for sale. Son of Junius Spencer Morgan I and Juliet (Pierpont) Morgan Brother of Sarah Spencer Morgan, Mary Lyman (Morgan) Burns, Junius Spencer Morgan II and Juliet Pierpont Morgan Husband of Amelia (Sturges) Morgan married 7 Oct 1861 in New York, USA Husband of Frances Louise (Tracy) Morgan married 31 May 1865 [location unknown] Descendants Pedigree: Junius Spencer MORGAN The PEDIGREE of Junius Spencer MORGAN (major banker; founder & eponym of J.S. 1844 d. 1919. The couple had five children: Junius, Henry, Jane, and Frances lived to adulthood, but Alice died of typhoid fever. Junius Spencer Morgan (1813-1890) owned part of a large mercantile house (trading company) in Hartford, advanced to a larger one in Boston, Massachusetts, and . Morgan led a syndicated bond issue of 10,000,000, which the syndicate sold at 15 points below par. Morton. By the early 1900s, Morgan was the main force behind the Trusts, controlling virtually all the basic American industries. View of Morgan Great Hall in the Wadsworth Atheneum Museum of Art ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. J.P. Morgan - The Life and Deals of America's Banker: Insight and Great though his resources were, Morgan could not finance such enormous sales of stocks and bonds entirely through his own and his father's partnerships. "The Print in the North," May 6 . Sarah Spencer Morgan Morgan 1839 - 1896. She married George Hale Morgan on 27 June 1866, in Connecticut, United States. Father of John Pierpont Morgan, Sr.; Sarah Spencer Morgan; Mary Lyman Burns; Junius Spencer Morgan and Juliet Morgan [27][28][29], Despite their own financial difficulties in this period, Peabody and Morgan were chief backers of Cyrus West Field's bedeviled transatlantic cable project throughout. Junius Spencer Morgan - The Morgan Library & Museum If so, login to add it. Morgan & Co., House of Morgan) Born: 1813 Died: 1890 d. after carriage accident Gen. Pierpont Hamilton's Great-Grandfather. He then looked to the financial and insurance industries, in which his banking firm also achieved a concentration of control. [17], Morgan's initial task was to strengthen and develop the firm's principal American accounts, using his first-hand knowledge of and connections to American business which Peabody, who had moved to London in 1836, lacked. Junius Spencer Morgan b. 1813 d. 1890 - Rodovid EN [33], In 1864, Morgan's ten-year agreement with Peabody expired. He entered business in Connecticut, operating a tavern, coffee house, and stagecoach line,[4] and was a founding partner in the Aetna Fire Insurance Company in 1819. gnalogique Dowling avec plus d'un demi-million de parents, As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. He brought in other major . He attended Harvard University during the early-to-mid 1880s. examples of olympic values Likes. [33] Even so, the bank's position in London may have prevented further profits; buying Union war bonds risked alienating the English textile industry, which was closely aligned with Confederate cotton plantations. Ancestors. *FREE* shipping on qualifying offers. Morgan personally lobbied Washington on Field's behalf in 1856 and Peabody & Co. subscribed to 10,000 of Field's original capital stock of 350,000 and later advanced Field funds to complete the project when he struggled to find American investors. West Springfield, Mass., prospered at investment banking. L'arbre Also in 1901, Morgan teamed with James J. Hill to form the Northern Securities Company. In 1896, Morgan embarked on consolidations in the electric, steel (creating U.S. Steel, the world's first billion-dollar corporation, in 1901), and agricultural equipment manufacturing industries. Junius Morgan book. Morgan Family. In October 1858, Field's cable broke, delaying the project's completion another eight years until 1866. from Harvard University in 1914. 1981.2:2 . He was named after his maternal grandfather, and much like his Uncle Pierpont, he was a great collector. [14], On May 15,[16] 1853, at the recommendation of James Beebe, Morgan visited the American banker George Peabody in London. Morgan's entire island of 45 acres, 12-bedroom manor house, five additional residences, an eight-stall stable, paddocks and a groomsman's cottage have recently been put on the market. [62], Like his father, Morgan was a strong supporter of the Whig Party. [46], Morgan was, like his son, intensely private. [23], By 1856, Peabody was confident enough in Morgan to leave him in sole care of the business while Peabody took an extended tour of the United States. He helped to achieve railroad rate stability and discouraged overly chaotic competition in the East. GREAT NEWS! Junius - Baby Name Meaning, Origin, and Popularity | Nameberry {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. In the course of these corporate restructurings, Morgan became a member of the board of directors of these and other railroads, thereby amassing great influence on them. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. "To acquire an entire island of this magnitude and beauty is a once-in-a-lifetime opportunity," Ms. Devendorf said, adding that it lies within an hours drive from New York City (the island has a private causeway connecting to the mainland) and is less than 30 minutes by air or sea to the city. Members of the family amassed an immense fortune over the generations, primarily through the noted work of John Pierpont (J. P.) Morgan (1837-1913). All charts include source citations for ancestors in the charts. He is buried in Cedar Hill Cemetery, Hartford, Connecticut. In October 1861, Morgan married Amelia Sturges in Manhattan, New York. Spencer was on the show to talk about his new Disney+ documentary, Finding Michael, released on Friday. Dowling The yearly tax for the property is about $570,000. It became J.P. Morgan and Company in 1895 and is now JPMorgan Chase & Co. He returned to the spotlight one final time in 1912, when he testified before the Pujo Committee's congressional investigation into the collaborations of Wall Street bankers. His book collection and the building that housed them in New York City became a public reference library in 1924. He started his own private banking company and bought railroads, becoming one of the world's largest steel distributors. The carriage hit a pile of stone and Morgan was thrown against the wall. All for $5.95M https://t.co/apeTdEMi21 pic.twitter.com/Ttwvmu2BTU. Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. Juliet Pierpont Morgan (18471923), who was the mother of John Junius Morgan (d. 1952). During 186471 he was a member of the firm of Dabney, Morgan and Company, and in 1871 he became a partner in the New York City firm of Drexel, Morgan and Company, which soon became the predominant source of U.S. government financing. If so, login to add it. A sprawling 85-acre compound on the North Shore of Long Island, New York, is hitting the market for $125 million Wednesday, Mansion Global has learned. In 1854, Junius Morgan moved the family to London to begin his new career as a partner in the banking firm of George Peabody & Co. Pierpont was sent to the Institute Sillig in Switzerland, where he became fluent in French and displayed an aptitude for mathematics, and then to Gttingen University in Germany. [70], Last edited on 25 February 2023, at 17:50, Connecticut Mutual Life Insurance Company, "J.S. Contents Early life Career Personal life References Early life Morgan was born on April 14, 1813 in Holyoke, Massachusetts. Morgan's Death. Throughout, Morgan and Peabody maintained their confidence in Field's project. Drexel allied his bank with Peabody's through Morgan, forming one of the most powerful and important banking alliances in American history. In April 1912 Morgan had a booking on the maiden voyage of White Stars Titanic but was forced to cancel, reportedly because of an illness. [15] Pierpont, as he preferred to be known, had a varied education, due in part to interference by his father, Junius. ; Services to Be Held Today at Highland Falls and Here on Sunday", "J. S. Morgan Dies In Switzerland; Retired Banker Emulated Ex- ample of Uncle, the Late j. P., as Art Collector. He was not related to Edwin D. Morgan, a prominent Hartford and New York banker and merchant of the same era who became Governor of New York. Family Members Geneastars | Facebook. aged 75years old. The Beaux-Arts Morgan Memorial of 1910-15 was designed by Benjamin Wistar Morris. contient des milliers de photos et GeneaStars. Juliet Pierpont Morgan . 100 J P Morgan Quotes (John Pierpont Morgan Quotes) 1 2 3. He worked at his father's bank, Peabody, Morgan & Co., and later the firms of Duncan, Sherman & Company and Dabney, Morgan, and Company. Morgan's grandson later recalled this as "at that time, the bitterest disappointment of his life". At the age of 21, he became a soldier in the company of Captain Josiah Kellogg of Suffield. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). Morgan family - Wikipedia [30] The firm turned an eventual profit on the venture, but its major purpose was to establish Morgan as a primary backer in the growing communications industry. Categories: Cedar Hill Cemetery, Hartford, Connecticut | Financiers | RMS Titanic | Titanic's Just-Missed-It Club | White Star Line | Featured Connections | United States of America, Notables | Notables, WIKITREE HOME | ABOUT | G2G FORUM | HELP | SEARCH. He was instrumental in forming major corporations such as U.S. Steel, International Harvester, and General Electric and had controlling interests in various businesses, including Aetna, Western Union, Pullman Car Company, and 21 railroads. J. Pierpont Morgan is arguably the most famous banker in American history, b. He then became junior partner in the drygoods house of Howe, Mather and Co., which in 1850 became Mather, Morgan and Co. A year later he was invited by James M. Beebe to form a co-partnership in Boston, which, under the style of J. In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. Junius Spencer Morgan III (1892-1960) FamilySearch We once thought it was a combination of the least attractive elements of Junior and Julius but now we think.well, we think it's okay. {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. J.P. Morgan - The Life and Deals of America's Banker: Insight and Analysis into the Founder of Modern Finance and the American . [6], During the Panic of 1837, Morgan traveled the South in an effort to collect the firm's debts, in specie if possible but often in payments of cotton. Born in New York City, New York, USA on 15 MAR 1892 to John Pierpont "Jack" Morgan and Jane Norton Grew. If not, see our friends at Ancestry DNA. He reorganized several major railroads and became a powerful railroad magnate. His ornate library was built to house most of his works, which, thanks to the efforts of Jack Morgan, was unveiled to the public in the 1920s with the opening of the Morgan Library & Museum. Philanthropist, Industrialist, Businessman, American financier, banker, philanthropist and art collector, Born on April 17, 1837 It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. Described as a coldly rational man, Morgan began reorganizing railroads in 1885, becoming a board member and gaining control of large amounts of stock of many of the rail companies he helped restructure. Morgan was born on April 14, 1813, in Holyoke, Massachusetts to Joseph and Sarah Morgan. Just do what you can. [4] [5] Career. Inscription: Signed in pen and black ink, at lower right, "Junius March 10 / 1902". After being recommended, Greene met with Morgan in 1905, and was hired . [45], Morgan was "tall with sloping shoulders" and a thickening midriff, a wide face, light blue eyes, a prominent nose, and a firm mouth. Spouses, children, grandchildren and great-grandchildren. Sunrise 7:55. A man I do not trust could not get money from me on all the bonds in Christendom. contient des milliers de photos et GeneaStars. Junius Spencer Morgan : Family tree by Tim DOWLING (tdowling) - Geneanet In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General . A sickly child who suffered seizures and other mysterious ailments, Pierpont, as he was known, spent long periods sheltered at home. J.P. Morgan - Biography, Financier & Wealth - HISTORY Famouskin.com also includes ancestoral charts showing the family relationships of J.P. Morgan to many famous kin. Mary Lyman Morgan Burns 1844 - 1919. After the death of his wife Juliet in 1884, he withdrew further from business. In 1907, Morgan again was called to aid the U.S. government in the grips of economic panic. Joseph personally bought the stakes of Aetna investors who hesitated to pay on the policies. Junius Spencer Morgan was born on April 14, 1813 in Holyoke, Massachusetts. 24530600 - Virtual International Authority File Junius Spencer Morgan I (1813-1890) | WikiTree FREE Family Tree THE DISAPPEARING DUCHESS - The New York Times Morgan & Co. Junius had a strong role in getting his son into the best educational schools he had access to, as well as mentoring him on successful business habits. Francis Goodwin,[59] chairman of the Hartford Parks Commission. At the age of 13, he was enrolled at the American Literary, Scientific, and Military Academy (now Norwich University) in Middletown, Connecticut near the home of his mother's parents. The firm gave Morgan access to global markets, exporting and financing cotton and other goods shipped from Boston harbor. His paternal grandfather, Joseph, was a founder of the Aetna Insurance Company, and his father, Junius, became a partner in a successful dry goods business around the time he married Juliet Pierpont, daughter of noted minister and poet John Pierpont. They were the . He is also remembered for his art donations to New York Citys Metropolitan Museum of Art and his book collection, now in the Morgan Library and Museum. By the time of his death in 1890, the Morgan banks were dominant forces in government and railroad finance, and his was the pre-eminent American banking house. PDF J. P. Morgan - ahschools.us This proposal was accepted and Drexel, Morgan, & Co. became the new New York affiliate of the London bank, with Pierpont as Drexel's junior partner. He took on a prominent role in London society, hosting many social gatherings at his homes on Hyde Park and at Roehampton.[32][33]. Ten years later, he succeeded Peabody as head of the firm and changed its name to J. S. Morgan & Co. MORGAN, Junius Spencer, banker, born in West Springfield (now Holyoke), Massachusetts, 14 April, 1813. Relationship with Timothy Michael Dowling (Sosa/Ahnentafel #1), Relationship with Juliet Pierpont (spouse), Browse using this individual as Sosa/Ahnentafel #1, , born 30July1816 - Baltimore, Baltimore Co., MD, deceased 23February1884 aged 67years old, List of all individuals in the family tree, {{ 'gw_downgraded_access_back_to_max'|translate }}, Born 14April1813 - West Springfield, Hampden Co., MA, Birth, death: Dowling Family Tree - Tim Dowling - rootsweb, 2001-2015 - - electronic - I42064. Son of Joseph Morgan, III and Sarah "Sally" Morgan [39], Morgan was now the wealthiest American banker in London and moved into a Knightsbridge mansion facing the south side of Hyde Park. L'arbre junius spencer morgan great grandchildren 05 Jun. In book thirteen of Revelation, John describes two beasts: one that emerges from the sea and has seven heads, and another that springs from the earth and empowers the bigger beast. Together they had three children: Sarah Spencer Morgan, Alexander Perry Morgan and Lucrutia Morgan who died at birth. [41] Despite the conditions, Pierpont turned the firm a profit of over $1,000,000, leaving Drexel Morgan at the apex of American government finance. After the Civil War broke out, Morgan traded Union war bonds at a tremendous profit. In 1887 he gave a large and valuable painting, by Sir Joshua Reynolds, which he had purchased for that purpose, to the Metropolitan museum of art in New York city. When his horses bolted at an oncoming train, Morgan stood to see if his driver could steady the horses. contient des milliers de photos et GeneaStars. contains thousands of pictures and GeneaStars. He returned to the United States in 1857, and entered the banking-firm of Duncan, Sherman and Co., of New York. He then reassured a skeptical President .css-47aoac{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:inherit;text-underline-offset:0.25rem;color:#A00000;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;}.css-47aoac:hover{color:#595959;text-decoration-color:border-link-body-hover;}Grover Cleveland by citing an obscure 1862 statute that gave the Secretary of the Treasury the power to pull off such a transaction without congressional approval. "John Pierpont Morgan (1837-1913) began his career in 1857 as an accountant, and worked for several New York banking firms until he became a partner in Drexel, Morgan and Company in 1871, which was reorganized as J.P. Morgan and Company in 1895. He began his business career in 1829 by entering the employ of Alfred Welles of Boston. Morgan was born on 17 April 1837 in Hartford, Connecticut. Morgan urged Pierpont to withdraw his name from consideration, and he did. gnalogique Dowling avec plus d'un demi-million de parents, [20][26] After the panic and near collapse of Peabody & Co., Morgan became a more cautious investor, demanding statements from all correspondent banks, even at the risk of offending them and even from well-respected former colleagues. Nous sommes tous rootsweb: Click Here Sarah Spencer Morgan (1839-1896) FamilySearch Nous sommes tous Three years later, after purchasing Andrew Carnegies steel company for nearly $500 million, Morgan merged the entities into U.S. Steel, creating the first billion-dollar corporation. Junius Spencer Morgan was an incredibly successful banker and financier, as he founded the bank J.S. father: Junius Spencer Morgan mother: Juliet Pierpont children: Anne Morgan, J. P. Morgan Jr., Juliet Pierpont Morgan, Louisa Pierpont Morgan Born Country: United States Bankers American Men Died on: March 31, 1913 place of death: The St. Regis Rome, Rome, Italy U.S. State: Connecticut City: Hartford, Connecticut J.P. Morgan, in full John Pierpont Morgan, (born April 17, 1837, Hartford, Connecticut, U.S.died March 31, 1913, Rome, Italy), American financier and industrial organizer, one of the world's foremost financial figures during the two pre-World War I decades.
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