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.
J. P. Morgan Biography - Childhood, Life Achievements & Timeline By gaining control of much of the stock of the railroads that he reorganized, he became one of the worlds most powerful railroad magnates, controlling about 5,000 miles (8,000 km) of American railroads by 1902. Morgan's Death.
JP Morgan Jr. Net Worth (Entrepreneur) Their blossoming romance was jarred by her diagnosis of tuberculosis in 1861, and they quickly married and moved to Algiers with the hope of spurring a recovery. 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 . rootsweb: Click Here examples of olympic values Likes. In semi-retirement by the time the crisis was resolved, Morgan devoted much of his energy to his art collection and philanthropy. IMPORTANT PRIVACY NOTICE & DISCLAIMER: YOU HAVE A RESPONSIBILITY TO USE CAUTION WHEN DISTRIBUTING PRIVATE INFORMATION.
Full text of "Cynthiana democrat (The), 2014-10-16" .css-m6thd4{-webkit-text-decoration:none;text-decoration:none;display:block;margin-top:0;margin-bottom:0;font-family:Gilroy,Helvetica,Arial,Sans-serif;font-size:1.125rem;line-height:1.2;font-weight:bold;color:#323232;text-transform:capitalize;}@media (any-hover: hover){.css-m6thd4:hover{color:link-hover;}}Elon Musk. 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. Morgan's life and career took another turn after the death of his father in 1890.
In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. Contents. In October 1858, Field's cable broke, delaying the project's completion another eight years until 1866.
Morgan successfully led the American financial communitys attempt to avert a general financial collapse following the stock market panic of 1907. The most expensive listing in the U.S. is a West Coast home asking $350 million. Morgan & Co., House of Morgan) Born: 1813 Died: 1890 d. after carriage accident Gen. Pierpont Hamilton's Great-Grandfather. In 1861 Morgan became the agent for his fathers banking company in New York City. After Junius's move to London, Pierpont was his father's primary source of intelligence on American conditions. In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General . Son of Joseph Morgan, III and Sarah "Sally" Morgan 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. Actually, although John Pierpont Morgan's father was indeed named Junius Spencer Morgan, this was not his home. [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.
Nathaniel's son, Joseph Morgan, was the fifth of seven children. [15] 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. A sickly child who suffered seizures and other mysterious ailments, Pierpont, as he was known, spent long periods sheltered at home. 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. 1981.2:2 . [42], In 1877, Morgan began a semiretirement, cutting back on his schedule and ceding greater authority to his son. Sitelinks. 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." . rootsweb: Click Here "[48], In 1836, Morgan married Juliet Pierpont (18161884), daughter of John Pierpont (17851866), a poet, lawyer, merchant, and Unitarian minister. Peabody also forced unfavorable terms on Morgan's lease of the bank's 22 Old Broad Street offices. 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. This page has been accessed 12,698 times. [31], Morgan became the active head of the firm in February 1859, with Peabody remaining the nominal senior partner. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. J.P. Morgan - The Life and Deals of America's Banker: Insight and Analysis into the Founder of Modern Finance and the American . The assistant librarian was Junius Spencer Morgan, nephew of wealthy financier J. P. Morgan. The firm did a general banking and brokerage business and had a few foreign clients. Morgan. The Morgan Memorial served as a prototype for the Pierpont Morgan wing of the Metropolitan Museum of Art. 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).
VIRGIL | Princeton University Library Special Collections John Pierpont Morgan : Family tree by Tim DOWLING (tdowling) - Geneanet Junius Spencer Morgan Photos and Premium High Res Pictures - Getty Images 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. Today it is the Morgan Library & Museum . In 1836, he married John Pierpont Morgan's mother, Juliet. {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. I don't want a lawyer who tells me what I can't do. [34] It was therefore not as directly reliant on American slavery as its peer banks in London, and took advantage during the American Civil War by aligning with the Union. 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. While every effort has been made to follow citation style rules, there may be some discrepancies. Father Joseph Morgan (Spencer) II. He received and A.B. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. [5], Soon thereafter, Morgan's father secured him a new partnership at Morris Ketchum's private bank on Wall Street, renamed Morgan Ketchum & Co. Morgan and his partners actively promoted great mergers after 1922 and controlled . He has been a liberal donor to Trinity college, and in 1886 presented to the Hartford orphan asylum a generous contribution, known as the Sarah Morgan fund, in memory of his mother, Mrs. Sarah Spencer Morgan. Junius Spencer Morgan Events. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. discoveries. 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. Pierpont, as he preferred to be .
Junius Spencer Morgan - The Morgan Library & Museum He attended Harvard University during the early-to-mid 1880s. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. In 1902 Morgan brought together several of the leading agricultural-equipment manufacturers to form the International Harvester Company.
24530600 - Virtual International Authority File The Beaux-Arts Morgan Memorial of 1910-15 was designed by Benjamin Wistar Morris. Though Peabody retired as promised, he denied Morgan the use of his name and capital. Just one grandparent can lead you to many 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. When his horses bolted at an oncoming train, Morgan stood to see if his driver could steady the horses. 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. [45], Morgan was "tall with sloping shoulders" and a thickening midriff, a wide face, light blue eyes, a prominent nose, and a firm mouth. He suffered a broken wrist and concussion and was unconscious for five days until his death on April 8, 1890. In 1907, Morgan again was called to aid the U.S. government in the grips of economic panic. Morgan III. Records: 4,977. 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. Have you taken a DNA test? [64], In February 1842, his father-in-law John Pierpont was suggested as a leading candidate for the Liberty Party nomination for Governor of Massachusetts. JP Morgan Jr.'s son Henry co-founded the Morgan Stanley financial corporation with Harold Stanley. Login to find your connection. Morton. In 1886 he reorganized two more major railroads with the aim of stabilizing their financial base. Leave a message for others who see this profile. Wikipedia (8 entries) edit. 1813 birth: . Brother of Mary (Morgan) Smith and Lucy (Morgan) Goodwin. More:Gatsby-esque Mansion on Long Island Gets $15M Chopped Off its $100M Asking Price. Peabody pledged the bank could continue to use his name and if necessary, some capital. Their relationship, though separated by an ocean and wildly divergent personalities, was close. He married in 1836 Juliet, daughter of John Pierpont, the poet (q.
Junius Spencer Morgan III - Alchetron, the free social encyclopedia About the Morgan Family | Constitution Hill 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. Early life. The 27,000-square-feet stone manor has grand-scale living and entertaining spaces with views of the Long Island Sound, Manhattan and Connecticut. Junius Spencer Morgan and his family lived on the island for decades. Miles Morgan]], ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. [46], Morgan was, like his son, intensely private. gnalogique Dowling avec plus d'un demi-million de parents, 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.
Junius Spencer Morgan (1813 - 1890) - Genealogy - geni family tree 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. However, despite Morgan's best efforts to nurse his bride back to health, she passed away in February 1862. Through his New York social circle, Morgan grew close to Amelia "Memie" Sturges, the daughter of a successful merchant.
J.P. Morgan - Biography, Financier & Wealth - HISTORY Juliet Pierpont Morgan (18471923), who was the mother of John Junius Morgan (d. 1952). Additionally, the lifelong art enthusiast began exponentially expanding an already impressive collection of valuable works. Get a Britannica Premium subscription and gain access to exclusive content.
Junius Spencer Morgan III 1892-1960 - Ancestry Biography and associated logos are trademarks of A+E Networksprotected in the US and other countries around the globe. Sarah Spencer Morgan (1893-1949), married Henry B. Gardner (1891-1932) in 1913. Please enable JavaScript in your browser's settings to use this part of Geni. Best Known For: 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 Morgan Mansion was built in 1897 by Junius Spencer Morgan and Josephine Perry Morgan.
Family tree of J. P. MORGAN - Geneastar 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.
Junius Morgan's Estate (Salutations) - Virtual Globetrotting Because of his links with the Peabody firm, Morgan had intimate and highly useful connections with the London financial world, and during the 1870s he was thereby able to provide the rapidly growing industrial corporations of the United States with much-needed capital from British bankers.
PDF Descendants of John Pierpont Morgan - D.A. Sharpe Geni requires JavaScript! Letter from her son, J.P. Morgan, Jr., dated Oct. 1891 describes the family's new yacht, Corsair. At his death, in 1890, he left a fortune estimated at about $10,000,000. Login to find your connection. % With the retirement of Dabney in 1871, Morgan joined forces with Philadelphia banker Anthony Drexel to found Drexel, Morgan & Co., which took up residence in a towering new building in lower Manhattan. 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. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). When American grain (and consequently rail) prices fell dramatically after the resolution of the Franco-Prussian War, Cookes heavy investment in the Northern Pacific Railway was no longer sufficient to meet liabilities. ", Delivers the most important property news around the world to your inbox each weekday, COPYRIGHT 2023 MANSION GLOBAL. In 1902, the Justice Department charged Northern Securities with violating the Sherman Antitrust Act of 1890.
[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. J.P. Morgan was known for reorganizing businesses to make them more profitable and stable and gaining control of them. He headed a group of bankers who took in large government deposits and decided how the money was to be used for purposes of financial relief, thereby preserving the solvency of many major banks and corporations. He began his business career in 1829 by entering the employ of Alfred Welles, of Boston, with whom he continued until he became of age.--In July, 1834, he joined the banking-house of Morgan, Ketchum and Co., of New York, but he returned to Hartford about eighteen months later. "The Print in the North," May 6 . An error has occured while loading the map. Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. Lucy was the mother of James J. Goodwin and the Rev. After a year, he transferred to a private academy in East Windsor, Connecticut and spent summers working on his father's farm or assisting at his father's business office in Hartford. J P Morgan.
Junius Spencer Morgan - Wikipedia He began reorganizing railroads in 1885, when he arranged an agreement between two of the largest railroads in the country, the New York Central Railroad and the Pennsylvania Railroad, that minimized a potentially destructive rate war and rail-line competition between them. They write new content and verify and edit content received from contributors. Cloudy and con- tii.upd cool Warren Temp.. Hig-h iO: Low 35.
Satterlee, Louisa Morgan 1866-1946 [WorldCat Identities] Junius is one of those names that's growing on us, along with many of its Roman countrymen such as Julius and Atticus. 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. [68][69] At the Connecticut State Capitol, flags were flown at half-mast in mourning. 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. His success emboldened him to strike out on his own, and he continued to work with his father after founding J. Pierpont Morgan & Co. in the early 1860s. Mother Sarah Sally Spencer Morgan. 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. She married George Hale Morgan on 27 June 1866, in Connecticut, United States. junius spencer morgan 30 Nov. junius spencer morgan. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. WIKITREE HOME | ABOUT | G2G FORUM | HELP | SEARCH. [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. from Harvard University in 1914. 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. 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. 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. Throughout, Morgan and Peabody maintained their confidence in Field's project. 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. Morgan members were notable for dominating the banking industry during . He returned to the United States in 1857, and entered the banking-firm of Duncan, Sherman and Co., of New York. arwiki . Updates? 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. Articles from Britannica Encyclopedias for elementary and high school students. [14], On May 15,[16] 1853, at the recommendation of James Beebe, Morgan visited the American banker George Peabody in London. Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. Wrong username or password.
Junius Morgan: Founder of a Banking Dynasty by Daniel Alef Enter a grandparent's name. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. [35], Still, Morgan was ambitious to place his bank on par with the Rothschilds and Barings Bank. 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 . He began his career in 1857 as an accountant with the New York banking firm of Duncan, Sherman and Company, which was the American representative of the London firm George Peabody and Company. He co-founded the banking firm that became J.P. Morgan & Co. in 1871, and in the 1880s he established himself as a power player in the country's railroad industry. From 1854, he was partner, with George Peabody, in the English banking house of George Peabody & Co. [6], In April 1833, Alfred Welles offered Morgan a partnership in his firm; he accepted against his father's wishes. John Pierpont Morgan was born into a prominent New England family on April 17, 1837, in Hartford, Connecticut. [5] In 1910, at the age of 74, he was living with his wife Frances and daughter Anne in Manhattan. 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. He later attended high school in Boston, specializing in mathematics.
Junius Spencer Morgan - Digital PUL John Pierpont Morgan, Sr. (1837 - 1913) - Genealogy - geni family tree Outgoing letters are addressed to her sister, Mary Kirkland Tracy. Quick access. 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. Let us know if you have suggestions to improve this article (requires login). [33], In 1864, Morgan's ten-year agreement with Peabody expired. junius spencer morgan junius spencer morgan. In October 1861, Morgan married Amelia Sturges in Manhattan, New York. [40], In 1873, Morgans American presence dramatically increased after the failure of Jay Cookes banking empire.
archive.org [4] In 1880, he and his family were living in New York City. 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. 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 Morgans father J.P. Morgan II, an influential financier himself, had an estate in the area, which was nicknamed the Gold Coast for its show of opulence at the turn of the 20th century. ; His Body Will Be Interred In Cedar Hill Cemetery, Hartford", https://en.wikipedia.org/w/index.php?title=Junius_Spencer_Morgan&oldid=1141561297, Sarah Spencer Morgan (18391896), who married George Hale Morgan (18401911), Mary Lyman Morgan (18441919), who married Walter Hayes Burns (18381897). Morgan Family. Charcoal and stumping on wove paper.
Junius Spencer Morgan I (1813-1890) | WikiTree FREE Family Tree Enter a grandparent's name. << /Length 6 0 R /Filter /FlateDecode >> We are all related! He worked at his father's bank, Peabody, Morgan & Co., and later the firms of Duncan, Sherman & Company and Dabney, Morgan, and Company. The Dowling Family Tree with over half a million relatives, . Junius Spencer Morgan I (April 14, 1813 - April 8, 1890) was an American banker and financier as well as the father of J. P. Morgan.
The Woman Behind the Morgan Library: Belle da Costa Greene 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. [13], By February 1851, Morgan sold his stake in Howe & Mather for $600,000 and moved to Boston's Pemberton Square.