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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. 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. Junius Spencer Morgan was an incredibly successful banker and financier, as he founded the bank J.S. [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. The would-be assassin, apparently of German . Junius Spencer Morgan 1846 - 1858. In 1886 he reorganized two more major railroads with the aim of stabilizing their financial base. Joseph Morgan handed to his son, besides fortune and the capacity for making more money, a genial disposition; he had the qualities of the old-time host in the hotel business, and his . Quick access. Morgan. [35] Morgan succeeded Peabody as head of the firm and reluctantly changed its name to J. S. Morgan & Co.[36] Despite his disappointment, J. S. Morgan was the largest American bank in London and had earned 444,000 in the prior ten years, leaving Morgan a powerful platform for future investments. The yearly tax for the property is about $570,000. Junius Spencer Morgan III 1892-1960 - Ancestry If so, login to add it. We know it's short notice, so don't fret too much. Mountain Landscape with Bridge over Waterfall. Banker J. P. Morgan Born - This Month in Business History - Research Enter a grandparent's name. J. P. Morgan shot; thirty-two caliber bullet penetrates groin - UPI Junius Spencer Morgan was born on April 14, 1813 in Holyoke, Massachusetts. 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." . His book collection and the building that housed them in New York City became a public reference library in 1924. Junius Spencer Morgan III (1892-1960) FamilySearch 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. 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. Death 8 Apr 1890 - Hartford, Hartford, Connecticut, USA. Touring the world with friends one mile and pub at a time; southlake carroll basketball. 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. Adrian Wooldridge characterized Morgan as America's "greatest banker".[1]. rootsweb: Click Here Morgan was born on 17 April 1837 in Hartford, Connecticut. Spencer was on the show to talk about his new Disney+ documentary, Finding Michael, released on Friday. (1892 - 1960) Photos: 745. There is 1 volunteer for this cemetery. pigella miraculous ladybug power. Junius Spencer Morgan II (1867-1932), son of J. Pierpont Morgan's sister Sarah, began collecting rare books while he was in his teens and eventually built a fine collection of the ancient Roman poet Virgil's works. Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. He founded J. S. Morgan & Co. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. [47] He had a "dry wit and genial manor and employed iron discipline." In time Junius allowed friends to build on the island. J. P. Morgan was born in Hartford, Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. Early life. You can't pick cherries with your back to the tree. Login to find your connection. All Rights Reserved. We may earn commission from links on this page, but we only recommend products we back. [20][21] Morgan was placed in charge of much of the firm's iron portfolio, which included the marketing of railroad bonds in both New York and London. 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. Junius Spencer Morgan I (14 Apr 1813 - 8 Apr 1890) 0 references . Morgan pulled off the massive transaction without driving down the share price, and in return he secured a seat on the New York Central board of directors. [39], Morgan was now the wealthiest American banker in London and moved into a Knightsbridge mansion facing the south side of Hyde Park. [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. 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. J.P. Morgan - Life, Family & Philanthropy - Biography While every effort has been made to follow citation style rules, there may be some discrepancies. [49] Together, they had:[50][51], Morgan poured tremendous effort into his son and heir J. Pierpont. [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. In 1907, Hartford-born J. Pierpont "J.P." Morgan, a Gilded Age banking tycoon, proposed building the Junius Spencer Morgan Memorial in his father's honor. 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. While Philadelphia banker Jay Cooke and those Wall Street banks with German ties made a bonanza during the war, Peabody & Co. had modest profits by comparison. Have you taken a DNA test? He took on a prominent role in London society, hosting many social gatherings at his homes on Hyde Park and at Roehampton.[32][33]. Morgan's astounding success transformed the financial industry and left behind a powerful legacy. The firm soon became a major player in the steel industry by financing the formation of Federal Steel in 1898. John Pierpont Morgan was born into a prominent New England family on April 17, 1837, in Hartford, Connecticut. Morgan urged Pierpont to withdraw his name from consideration, and he did. Father Joseph Morgan (Spencer) II. A man always has two reasons for doing anything: a good reason and the real reason. In October 1858, Field's cable broke, delaying the project's completion another eight years until 1866. J. P. Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. After the Civil War broke out, Morgan traded Union war bonds at a tremendous profit. DISCLAIMER: The currency conversion is provided for illustration purposes only. Harriet Nickerson , William Lord, Alice Anna GAYLORD , Richard TREAT, Blanche de BRIENNE , Guillaume de FIENNES, Elizabeth x , Nathan Lynde. contient des milliers de photos et GeneaStars. The compound offers an impressive range of properties, including an entire 48-acre island with six distinctive residences, a 10-acre adjacent strip with underwater rights, a 28-acre pond, a 250-foot dock and two helicopter spots, according to Bonnie Devendorf, listing agent at Daniel Gale Sothebys International Realty. Between now and Wednesday is a good time to take a look at the sources and biography to see if there are updates and improvements that need made, especially those that will bring it up to WikiTree Style Guide standards. 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. " 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 . [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. %PDF-1.3 In 1915, he married Louise, daughter of the celebrated composer Frederick S. Converse and a great-granddaughter of the "Ice King" Frederic Tudor. Career He began his business career in 1829 by entering the employ of Alfred Welles of Boston. [3], Junius's father Joseph was a soldier in the Revolutionary Army and farmer in West Springfield, Massachusetts. Junius Spencer Morgan : Family tree by Tim DOWLING (tdowling) - Geneanet He also financed industrial consolidations that formed General Electric, U.S. Steel, and International Harvester. [1] Career About: Junius Spencer Morgan - dbpedia.org Candidates . To commemorate his passing, the New York Stock Exchange remained closed until noon on the day of his funeral. Ms. Devendorf declined to confirm Ms. Walker as the owner of the property. junius spencer morgan junius spencer morgan - bobesich.ca When healthy, he frequented galleries and concerts with his parents, sparking a lifelong fascination with the arts. Under this name the house has grown in strength and influence until at present it ranks among the great banking-houses of the world. This page was last edited on 25 February 2023, at 17:50. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. Morton. 100 J P Morgan Quotes (John Pierpont Morgan Quotes) 1 2 3. Geni requires JavaScript! Morgan & Co., House of Morgan) Born: 1813 Died: 1890 d. after carriage accident Gen. Pierpont Hamilton's Great-Grandfather. Get a Britannica Premium subscription and gain access to exclusive content. [5], Soon thereafter, Morgan's father secured him a new partnership at Morris Ketchum's private bank on Wall Street, renamed Morgan Ketchum & Co. contient des milliers de photos et GeneaStars. IMPORTANT PRIVACY NOTICE & DISCLAIMER: YOU HAVE A RESPONSIBILITY TO USE CAUTION WHEN DISTRIBUTING PRIVATE INFORMATION. "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. The map below shows the places where the ancestors of the famous person lived. JP Morgan Jr.'s son Henry co-founded the Morgan Stanley financial corporation with Harold Stanley. 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. 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. J. P. Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (18131890) and Juliet Pierpont (18161884) of Boston, Massachusetts. The PEDIGREE of Junius Spencer MORGAN (major banker; founder & eponym of J.S. [63] Morgan was a close friend of the Whig politician and diplomat Abbott Lawrence. Junius Spencer MORGAN 1813-1890 - Ancestry arwiki . Beebe, Morgan and Co., became one of the largest dry-goods establishments in the United States. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. His first venture, in 1891, was to arrange the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric, which became the dominant electrical-equipment manufacturing firm in the United States. lis! J.P. Morgan became one of the wealthiest and most powerful businessmen in the world through his founding of private banks and industrial consolidation in the late 1800s. The Beast with the Seven Heads and the Beast with Lamb's Horns Three years later he began financing a series of giant industrial consolidations that were to reshape the corporate structure of the American manufacturing sector. Records: 4,977. 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 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. Corrections? [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. [9], Soon after inheriting a fortune from his father's estate in 1847,[10] Morgan was named senior partner at the rechristened Mather Morgan & Co.[11] In 1850, he took a trip to London to meet with some of that city's leading merchant bankers, in hopes that he might expand his own firm into foreign trade and banking. Railroad securities were further weakened by the Credit Mobilier scandal. [7], In January 1836, Morgan's father bought him a partnership in the Hartford wholesale dry goods house of Howe Mather & Co., the largest in Hartford. J P Morgan. A sickly child who suffered seizures and other mysterious ailments, Pierpont, as he was known, spent long periods sheltered at home. However, despite Morgan's best efforts to nurse his bride back to health, she passed away in February 1862. These prompt payments to the banks destroyed in the fire established Aetna's reputation on Wall Street and allowed the firm to triple its premiums in later years. Early Years and Father's Death JP Morgan: Progressive Era He reorganized several major railroads and financed industrial consolidations that formed the United States Steel, International Harvester, and General Electric corporations. From 1854, he was partner, with George Peabody, in the English banking house of George Peabody & Co. [7][6] He remained at the firm until his father's death in 1847. 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. 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. Geneastars | Facebook. junius spencer morgan great grandchildren. Junius Spencer Morgan (American) The Metropolitan Museum of Art. Belle da Costa Greene (1883-1950) - BlackPast.org Husband of Juliet Morgan contains thousands of pictures and GeneaStars. MORGAN. "If you have to ask how much it costs, you can't afford it." J.P. Morgan - The Life and Deals of America's Banker: Insight and Analysis into the Founder of Modern Finance and the American . [18] During this period, Morgan first met Francis M. Drexel, founder of Drexel & Company, one of Philadelphia's leading banks. The 27,000-square-feet stone manor has grand-scale living and entertaining spaces with views of the Long Island Sound, Manhattan and Connecticut. About the Morgan Family | Constitution Hill 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. 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. "It takes a very special buyer for this trophy property," Ms. Devendorf said, "But its a once-in-a-lifetime opportunity. 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. Geneastars | Facebook. 1892-1960. 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. Their relationship, though separated by an ocean and wildly divergent personalities, was close. 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. He was of Hartford, Conn., but later associated with the Banking-house of Peabody & Morgan of London, England, where he resided many years. Letter from her son, J.P. Morgan, Jr., dated Oct. 1891 describes the family's new yacht, Corsair. J.P. Morgan was known for reorganizing businesses to make them more profitable and stable and gaining control of them. More:Gatsby-esque Mansion on Long Island Gets $15M Chopped Off its $100M Asking Price. Morgan | Infoplease 1890 death: From grandparents to grandchildren Junius Spencer Morgan III Wikipedia Republished // WIKI 2 Also contains a letter from Junius Spencer Morgan to J. Pierpont Morgan aged 75years old. [14][15] He was soon among the nation's financial elite. [35], Still, Morgan was ambitious to place his bank on par with the Rothschilds and Barings Bank. He became a partner in mercantile firms in Hartford, Conn., and in Boston and then (1854) went to London to become a partner of George Peabody. In 1907, Morgan again was called to aid the U.S. government in the grips of economic panic. Junius Spencer Morgan 1813-1890 Juliet Pierpont 1816-1884 Spouses, children, grandchildren and great-grandchildren Married in 1861, New York, NY, to Amelia Sturges, born in 1835, deceased in 1862 aged 27 years old Junius Spencer Morgan III (1892-1960) - HouseHistree Under her ownership, the main manor was used as the setting for the remake of movie "Sabrina," a romantic comedy starring Harrison Ford and Julia Ormond. One of the most powerful bankers of his era, J.P. (John Pierpont) Morgan (1837-1913) financed railroads and helped organize U.S. Steel, General Electric and other major corporations. 1813 birth: . 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. They married in May 1865 and had four children, with son John Pierpont "Jack" Morgan Jr. going on to take over his father's business many years later. Articles from Britannica Encyclopedias for elementary and high school students. Father of John Pierpont Morgan, Sr.; Sarah Spencer Morgan; Mary Lyman Burns; Junius Spencer Morgan and Juliet Morgan 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. If not, see our friends at Ancestry DNA. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. The couple had five children: Junius, Henry, Jane, and Frances lived to adulthood, but Alice died of typhoid fever. Throughout, Morgan and Peabody maintained their confidence in Field's project. 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 PDF J. P. Morgan - ahschools.us He suffered a broken wrist and concussion and was unconscious for five days until his death on April 8, 1890. Family tree of J. P. MORGAN - Geneastar John Pierpont Morgan was an American financier and investment banker during the Gilded Age. They were the parents of at least 2 sons and 1 daughter.