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He suffered a broken wrist and concussion and was unconscious for five days until his death on April 8, 1890. [44] By the 1880s, Junius's health began to fade, and he stepped back from day-to-day business. In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. Junius Spencer Morgan I. Some of Peabody's own creditors, including rival Barings Bank, demanded immediate payment on their debts. Samuel Spencer (1670 - 1756), my sixth great grandfather, and Morgan's third great grandfather. The firm gave Morgan access to global markets, exporting and financing cotton and other goods shipped from Boston harbor. Underscoring his influence in the industry, Morgan in 1885 arranged a meeting with the feuding directors of the New York Central and Pennsylvania Railroad aboard his yacht, the Corsair. Mr. Morgan visited England in 1853, and was offered a partnership in the firm of George Peabody and Co., which he accepted on 1 October, 1854, and ten years later, on the retirement of Mr. Peabody, the firm became J. S. Morgan and Co. Junius Spencer Morgan III married Emma Louise Converse and had 2 children. Devastated, the young businessman returned to New York and plunged himself into his work. In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. xZnH}WA'd6;O$6'vO@^JdISkbHMa,x[~0=n1?X)7_+qVEEMXXww4Lsv1Mn.cqn^U$Xu%*9Id)]Jofwew Sw[:g0v=}!][m2"g coy/;_-vyzeKA^ZXI90p/>v0`9^L\Pz?/&opME4qB5,7~iMMnbx/_?c1ouGQEQ|gg &HrI(yM^?;eT'QSl#c' O#. Junius Spencer Morgan, 1813-90, b. Touring the world with friends one mile and pub at a time; southlake carroll basketball. Please try again. 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. John is 18 degrees from Jennifer Aniston, 14 degrees from Drew Barrymore, 15 degrees from Candice Bergen, 16 degrees from Alexandre Dumas, 19 degrees from Carrie Fisher, 27 degrees from Whitney Houston, 15 degrees from Hayley Mills, 16 degrees from Liza Minnelli, 19 degrees from Lisa Presley, 18 degrees from Kiefer Sutherland, 17 degrees from Bill Veeck and 18 degrees from Brian Nash on our single family tree. Enter a grandparent's name. The PEDIGREE of Junius Spencer MORGAN (major banker; founder & eponym of J.S. The couple had five children: Junius, Henry, Jane, and Frances lived to adulthood, but Alice died of typhoid fever. Contents Early life Career Personal life References Early life Morgan was born on April 14, 1813 in Holyoke, Massachusetts. He reorganized several major railroads and financed industrial consolidations that formed the United States Steel, International Harvester, and General Electric corporations. Their relationship, though separated by an ocean and wildly divergent personalities, was close. The Morgan Memorial served as a prototype for the Pierpont Morgan wing of the Metropolitan Museum of Art. Capture a web page as it appears now for use as a trusted citation in the future. Members of the family amassed an immense fortune over the generations, primarily through the noted work of John Pierpont (J. P.) Morgan (1837-1913). Morgan was one of the greatest art and book collectors of his day, and he donated many works of art to the Metropolitan Museum of Art in New York City. His sister, Lucy Morgan (d. 1890) was married to Major James Goodwin, one of the founders, and a president for many years, of the Connecticut Mutual Life Insurance Company. This article was most recently revised and updated by, https://www.britannica.com/biography/J-P-Morgan, Constitutional Rights Foundation - J P Morgan, The Panic of 1907 and the Federal Reserve Act, Philanthrophy Roundtable - Biography of J. P. Morgan, NETSTATE - Biography of John Pierpont Morgan, John Pierpont Morgan - Children's Encyclopedia (Ages 8-11), J. Pierpont Morgan - Student Encyclopedia (Ages 11 and up). We know it's short notice, so don't fret too much. J.P. Morgan - The Life and Deals of America's Banker: Insight and Analysis into the Founder of Modern Finance and the American . 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. Juliet Pierpont Morgan (18471923), who was the mother of John Junius Morgan (d. 1952). [47] He had a "dry wit and genial manor and employed iron discipline." 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. However, despite Morgan's best efforts to nurse his bride back to health, she passed away in February 1862. Born in New York City, New York, USA on 15 MAR 1892 to John Pierpont "Jack" Morgan and Jane Norton Grew. 5 0 obj [14][15] He was soon among the nation's financial elite. Within a year, the business struggled sufficiently that Joseph Morgan had to bail his son out and dissolve the partnership. [18] During this period, Morgan first met Francis M. Drexel, founder of Drexel & Company, one of Philadelphia's leading banks. Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. IMPORTANT PRIVACY NOTICE & DISCLAIMER: YOU HAVE A RESPONSIBILITY TO USE CAUTION WHEN DISTRIBUTING PRIVATE INFORMATION. Also in 1901, Morgan teamed with James J. Hill to form the Northern Securities Company. In addition to consolidating and controlling several railroads and industries, J.P. Morgan led in resupplying the U.S. Treasurys gold reserve during the depression that followed the panic of 1893 and organized the financial community in averting a financial collapse after the market panic of 1907. In semi-retirement by the time the crisis was resolved, Morgan devoted much of his energy to his art collection and philanthropy. Linked to: Timothy Michael Dowling, 7th cousin 4x removed Leave a message for others who see this profile. the tall man aboriginal spirit; metadata api request failed: component conversion failed: file_ended; caleb foote sandlot 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 Born 14 Apr 1813 in Hartford, Hartford, Connecticut, United States. In that same year he organized, with less subsequent success, the International Mercantile Marine (IMM), an amalgamation of a majority of the transatlantic shipping lines, notably including White Star. from Harvard University in 1914. 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. 100 J P Morgan Quotes (John Pierpont Morgan Quotes) 1 2 3. 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 In 1887 it was conspicuous in the reorganization of the Philadelphia and Reading railroad, which a syndicate Of capitalists formed by Mr. Morgan placed on a sound basis. He contributed money to Trinity College, Hartford. [5], Soon thereafter, Morgan's father secured him a new partnership at Morris Ketchum's private bank on Wall Street, renamed Morgan Ketchum & Co. Following Drexel's death in 1893, Jack Morgan helped his father reorganize the company and rename it J. P. Morgan & Co., a name the company bears to this day! In 1836, he married John Pierpont Morgan's mother, Juliet. In 1915, he married Louise, daughter of the celebrated composer Frederick S. Converse and a great-granddaughter of the "Ice King" Frederic Tudor. After the Civil War broke out, Morgan traded Union war bonds at a tremendous profit. 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. He started his own private banking company and bought railroads, becoming one of the world's largest steel distributors. After college, Junius Morgan worked as a New York banker, retiring from the field as a partner in the firm of Cuyler, Morgan & Co. in 1906. 1785-1866 & Mary Sheldon Lord 1787-1855) with. Joseph personally bought the stakes of Aetna investors who hesitated to pay on the policies. contient des milliers de photos et GeneaStars. In 1903, J.P. Morgan & Co. was appointed fiscal agent for a newly independent Panama, with responsibilities that included overseeing the transfer of $40 million to the New Panama Canal Co. "It takes a very special buyer for this trophy property," Ms. Devendorf said, "But its a once-in-a-lifetime opportunity. DISCLAIMER: The currency conversion is provided for illustration purposes only. All for $5.95M https://t.co/apeTdEMi21 pic.twitter.com/Ttwvmu2BTU. Juliet Pierpont Morgan . discoveries. 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. Signup for our newsletter to get notified about our next ride. Death 8 Apr 1890 - Hartford, Hartford, Connecticut, USA. Between 1885 and 1888 he extended his influence to lines based in Pennsylvania and Ohio, and after the financial panic of 1893 he was called upon to rehabilitate a large number of the leading rail lines in the country, including the Southern Railroad, the Erie Railroad, and the Northern Pacific. J.P. Morgan is remembered as such a dominant figure in American capitalism that it seemed to many that he ran the entire economy, able to pull strings anywhere. Junius Spencer Morgan, 1813-90, b. gnalogique Dowling avec plus d'un demi-million de parents, Junius Spencer Morgan, III won (41%) against 2 opponents. Initially a smart but indifferent student, he began showing improved grades by the time he attended English High School in Boston. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. He was of Hartford, Conn., but later associated with the Banking-house of Peabody & Morgan of London, England, where he resided many years. [13], By February 1851, Morgan sold his stake in Howe & Mather for $600,000 and moved to Boston's Pemberton Square. While every effort has been made to follow citation style rules, there may be some discrepancies. At the age of 21, he became a soldier in the company of Captain Josiah Kellogg of Suffield. This earned Morgan the occasional distrust of the federal government and the enmity of reformers and muckrakers throughout the country, but he remained the dominant figure in American capitalism until his death in 1913. gnalogique Dowling avec plus d'un demi-million de parents, [45], Morgan was "tall with sloping shoulders" and a thickening midriff, a wide face, light blue eyes, a prominent nose, and a firm mouth. Mother Sarah Sally Spencer Morgan. In the fall of 1848, Pierpont transferred to the Hartford Public School and then to the Episcopal Academy in Cheshire, Connecticut, (now called Cheshire Academy), boarding with the principal. He is buried in Cedar Hill Cemetery in Hartford, Connecticut.[8][9]. Morgan & Co. into the upper ranks of international finance. With his son's aid, Morgan grew his banking house into a trans-Atlantic financial empire that included firms in London, New York City, Philadelphia, and Paris. Lucy was the mother of James J. Goodwin and the Rev. Junius Spencer Morgan III (1892-1960) Capt. [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. Family Members Peabody pledged the bank could continue to use his name and if necessary, some capital. After Junius's move to London, Pierpont was his father's primary source of intelligence on American conditions. Deceased persons are not concerned by this provision. He later attended high school in Boston, specializing in mathematics. Shares the stories you may have missed from the world of luxury real estate. [8] He continued traveling to collect debts and purchase cotton through the ongoing depression into the 1840s, continuing to grow his reputation as a businessman in Hartford. J P Morgan. Junius is one of those names that's growing on us, along with many of its Roman countrymen such as Julius and Atticus. It was a question of success. Junius Spencer Morgan (American) The Metropolitan Museum of Art. Thanks for your cooperation! Nous sommes tous CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. Pierpont, as he preferred to be . 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. Junius Spencer Morgan was born on April 14, 1813 in Holyoke, Massachusetts. Junius Spencer Morgan I (14 Apr 1813 - 8 Apr 1890) 0 references . If not, see our friends at Ancestry DNA. Brother of Mary (Morgan) Smith and Lucy (Morgan) Goodwin. 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. rootsweb: Click Here Junius Spencer Morgan III was born on March 15, 1892, to Jane Norton Grew and Jack Morgan (1867-1943), who was a banker and the son of J. Pierpont Morgan (1837-1913), the renowned financier. Title Junius Spencer Morgan at St. Paul's School, Concord NH Junius Spencer Morgan was educated at St. Paul's School, Concord, New Hampshire, before attending Princeton. There is 1 volunteer for this cemetery. Along with amassing immense wealth through the creation of such corporations as U.S. Steel, Morgan led efforts to bail out the U.S. Treasury in 1895 and 1907. Astrological Sign: Aries, Death Year: 1913, Death date: March 31, 1913, Death City: Rome, Death Country: Italy, Article Title: J.P. Morgan Biography, Author: Biography.com Editors, Website Name: The Biography.com website, Url: https://www.biography.com/business-leaders/jp-morgan, Publisher: A&E; Television Networks, Last Updated: March 26, 2021, Original Published Date: April 3, 2014. During the depression that followed the panic of 1893, Morgan formed a syndicate that resupplied the U.S. governments depleted gold reserve with $62 million in gold in order to relieve a Treasury crisis. His book collection and the building that housed them in New York City became a public reference library in 1924. Let us know if you have suggestions to improve this article (requires login). In one early example of his ingenuity, Morgan was in New Orleans for business when he encountered a ship captain with a boatload of coffee and no buyer. His name lives on through the massive international banking firm he created, which entered the 21st century as JPMorgan Chase & Co. Additionally, the financial giant left behind a personal art collection to rival that of any king. In October 1861, Morgan married Amelia Sturges in Manhattan, New York. GLEN COVE, L. I., N.Y., July 3, 1915 (UP) - John Pierpont Morgan, the financier, was shot at his summer home here shortly before 9 o'clock to-day. J. P. Morgan. Dowling When Sarah Spencer Morgan was born on 5 December 1839, in Hartford, Hartford, Connecticut, United States, her father, Junius Spencer Morgan Sr., was 26 and her mother, Juliet Pierpont, was 23. Though Peabody & Co. made a significant investment in the Transatlantic cotton trade, its principal business was still with correspondent banks in the Eastern United States and with railroad companies. Junius Spencer Morgan 1846 - 1858. Continuing with this request will add an alert to the cemetery page and any new volunteers will . 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. Railroad securities were further weakened by the Credit Mobilier scandal. 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. It was this fortune which eventually placed J.P. Morgan's father, Junius Spencer Morgan, in the banking business. [24], The railway boom ended in 1857 and prices collapsed, leading to rumors in London that Peabody & Co. was on the verge of failure. Junius Spencer Morgan Events. The French prepaid the bonds in 1873, following the war, which brought their value up to par and netted Morgan 1,500,000 profit, which propelled J.S. In 1864, at the urging of his father, he paired with senior partner Charles Dabney to form Dabney, Morgan & Co. With Junius Morgan now heading the London banking firm, the Morgans continued to expand their wealth and influence by funneling overseas investments into American businesses. [7] Upon his death, his artwork collection was donated. [7][6] He remained at the firm until his father's death in 1847. Morgan, American family of financiers and philanthropists. He received an A.B. [68][69] At the Connecticut State Capitol, flags were flown at half-mast in mourning. He also purchased Dover House in Roehampton. in Rome, Italy, This form allows you to report an error or to submit additional information about this family tree: J. P. MORGAN (1837), Copyright Wikipdia authors - This article is under licence CC BY-SA 3.0. J. Pierpont Morgan is arguably the most famous banker in American history, b. West Springfield, Mass., prospered at investment banking. Sitelinks. Junius Spencer Morgan I (April 14, 1813 - April 8, 1890) was an American banker and financier, as well as the father of John Pierpont "J.P." Morgan and patriarch to the Morgan banking house. After finishing his education in 1857, Morgan moved to New York to work as a clerk at Duncan, Sherman & Co., the American branch of his father's firm. He then looked to the financial and insurance industries, in which his banking firm also achieved a concentration of control. In 1875, at the age of 38, Morgan was living with his wife Frances and children Louisa, John, Juliet, and Anne in Highland, New York. Additionally, the lifelong art enthusiast began exponentially expanding an already impressive collection of valuable works. Gatsby-esque Mansion on Long Island Gets $15M Chopped Off its $100M Asking Price, New York Remains the Worlds Top Super-Luxury Property Market, New York Developer Pockets $11.6 Million After SellingHisBillionaires Row Condo for 52% Gain, A One-Bedroom Inside a Mid-Century Modern Manhattan Landmark. Junius Spencer. I hire a lawyer to tell me how I can do what I want to do! [63] Morgan was a close friend of the Whig politician and diplomat Abbott Lawrence. All Rights Reserved. Early life. Sarah Spencer Morgan (1893-1949), married Henry B. Gardner (1891-1932) in 1913. Peabody also forced unfavorable terms on Morgan's lease of the bank's 22 Old Broad Street offices. Francis Goodwin,[59] chairman of the Hartford Parks Commission. The 27,000-square-feet stone manor has grand-scale living and entertaining spaces with views of the Long Island Sound, Manhattan and Connecticut. More:Gatsby-esque Mansion on Long Island Gets $15M Chopped Off its $100M Asking Price. In 1870, after the Battle of Sedan and the establishment of a provisional French Third Republic in Tours, Barings and Rothschilds were unwilling to establish a line of credit for the new government. West Springfield, Mass., prospered at investment banking. stream All property prices are as stated by the listing agent. [4] [5] Career. However, he soon encountered resistance from President Theodore Roosevelt, who sought to leverage the populist tide against the wealthy "robber barons" of Wall Street. WARREN TIMES-MIRROR The Only Paper in Many Hom es Th One Paper in Most Honnes (>0()l> E \ ENTNG Hincp .scientists are so good at digging up things, we suggest tliey turn their efforti- to more ration points. In 1861 Morgan became the agent for his fathers banking company in New York City. 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. [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. 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. 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. Morgan led a syndicated bond issue of 10,000,000, which the syndicate sold at 15 points below par. [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. He was named after his maternal grandfather, and much like his Uncle Pierpont, he was a great collector. The estate will join a handful of nine-figure properties across the U.S., including two in the Hamptons on Long Island: the former Ford family estate listed for $175 million and another oceanfront estate asking $150 million. J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. [66], At his death, he left a fortune of $12,400,000 (equivalent to $370,000,000 today). Throughout, Morgan and Peabody maintained their confidence in Field's project. Charcoal and stumping on wove paper. [62], Like his father, Morgan was a strong supporter of the Whig Party. Joseph Morgan made a fortune from his holdings. The firm soon became a major player in the steel industry by financing the formation of Federal Steel in 1898. And I saw, and behold, a pale horse, and its rider's name was Death, and Hades followed him; and they were given great power over a fourth of the earth; to kill with sword and with famine and with pestilence and by wild beasts of the earth." .