Adrian Wooldridge characterized Morgan as America's "greatest banker".[1]. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. Submit a correction or make a comment about this profile. Devastated, the young businessman returned to New York and plunged himself into his work. 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. J. S. Morgan began collecting as a student, and was early attracted to Virgil probably through the influence of Dean West. Though Peabody retired as promised, he denied Morgan the use of his name and capital. The firm soon became a major player in the steel industry by financing the formation of Federal Steel in 1898. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. He founded J. S. Morgan & Co. Have you taken a DNA test? During his residence in Hartford, Mr. Morgan was active in the affairs of the Protestant Episcopal church, and also in various charitable enterprises. 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. Originally granted by King George I to a private person in 1721 for 200 pounds, according to Ms. Devendorf, it was purchased in 1919 by Junius Spencer Morgan, whose grandfather J. P. Morgan Sr. founded the eponymous bank and dominated American corporate finance in the late 19th and early 20th centuries. {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. Upon his father's death, he inherited part of Chicopee Field. By estimates, there were about 150 lavish estates built during that time, the majority of which have been turned into hotels and residential compounds. [1] Career aged 75years old. 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. Son of Joseph Morgan, III and Sarah "Sally" Morgan Morgan urged Pierpont to withdraw his name from consideration, and he did. Three years later he began financing a series of giant industrial consolidations that were to reshape the corporate structure of the American manufacturing sector. Please enable JavaScript in your browser's settings to use this part of Geni. We are all related! As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. [2], The Morgan name is traced to Carmarthen, Wales, with his earliest known ancestor being Hyfaidd ap Bleddri, third son of Bledri ap Cydifor of Wales. Although both Junius Spencer Morgan and his son, J. P., were indeed great art collectors, their 25-year obsession with acquiring the Thomas Gainsborough portrait of the former Georgiana Spencer . Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813-90, b. 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. It became J.P. Morgan and Company in 1895 and is now JPMorgan Chase & Co. After the death of his wife Juliet in 1884, he withdrew further from business. Morgan led a syndicated bond issue of 10,000,000, which the syndicate sold at 15 points below par. However, he soon encountered resistance from President Theodore Roosevelt, who sought to leverage the populist tide against the wealthy "robber barons" of Wall Street. Junius Spencer Morgan. He helped to achieve railroad rate stability and discouraged overly chaotic competition in the East. Within a year, the business struggled sufficiently that Joseph Morgan had to bail his son out and dissolve the partnership. Primary source of wealth: J. P. Morgan & Co.. . Junius Spencer Morgan III 1892-1960 - Ancestry Honored By Two Nations Spent Most of Time in Europe Since Retiring From Paris Banking Firm Many Years Ago", "Oxford Dictionary of National Biography", "Mrs. Juliet Morgan Left Only $43,738; Sister of Late J.P. Morgan Made No Will, and All Goes to Son", "Morgan Estate Tax Filed; Cousin of Late Banker Had Net of $1,881,913, Appraisal Shows", "The Late Junius S. Pedigree: Junius Spencer MORGAN Actually, although John Pierpont Morgan's father was indeed named Junius Spencer Morgan, this was not his home. Select from premium Junius Spencer Morgan of the highest quality. GREAT NEWS! In 1861 Morgan became the agent for his fathers banking company in New York City. Junius Spencer Morgan (American) The Metropolitan Museum of Art. Junius Spencer Morgan - Digital PUL in Hartford, Connecticut, USA , United States, Died on March 31, 1913 From 1854, he was partner, with George Peabody, in the English banking house of George Peabody & Co. Junius Spencer Morgan b. 1813 d. 1890 - Rodovid EN Peabody also forced unfavorable terms on Morgan's lease of the bank's 22 Old Broad Street offices. junius spencer morgan great grandchildren In October 1858, Field's cable broke, delaying the project's completion another eight years until 1866. A man always has two reasons for doing anything: a good reason and the real reason. Username and password are case sensitive. Junius Spencer Morgan - The Morgan Library & Museum [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. Deceased persons are not concerned by this provision. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. A man I do not trust could not get money from me on all the bonds in Christendom. Major children and living persons must directly contact the. contains thousands of pictures and GeneaStars. Early life. 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. Early Years and Father's Death JP Morgan: Progressive Era Morgan's life and career took another turn after the death of his father in 1890. The Beast with the Seven Heads and the Beast with Lamb's Horns Northern Securities held the majority of shares in the Northern Pacific, the Great Northern and the CB&Q railroads, giving Morgan control of approximately one-third of the country's railways. [39], Morgan was now the wealthiest American banker in London and moved into a Knightsbridge mansion facing the south side of Hyde Park. [49] Together, they had:[50][51], Morgan poured tremendous effort into his son and heir J. Pierpont. The compound is being offered as a whole, meaning no individual houses are available for sale separately. He reorganized several major railroads and financed industrial consolidations that formed the United States Steel, International Harvester, and General Electric corporations. Morgan members were notable for dominating the banking industry during . examples of olympic values Likes. 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. From about 1836 to 1853, he was in the dry-goods business. 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#. 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. He later attended high school in Boston, specializing in mathematics. Miles Morgan, ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. 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. 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. [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. A protracted legal battle was settled when the Supreme Court ruled in favor of the government in 1904. J.P. Morgan - Biography, Financier & Wealth - HISTORY Sunrise 7:55. Leave a message for others who see this profile. 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. We are all related! 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. 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. 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. " Capture a web page as it appears now for use as a trusted citation in the future. [5] In 1910, at the age of 74, he was living with his wife Frances and daughter Anne in Manhattan. The Dowling Family Tree with over half a million relatives, junius spencer morgan great grandchildren 05 Jun. JP Morgan Jr. Net Worth (Entrepreneur) 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. Ancestral pedigree chart of J.P. Morgan. 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 The PEDIGREE of Junius Spencer MORGAN (major banker; founder & eponym of J.S. 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. Francis Goodwin,[59] chairman of the Hartford Parks Commission. "[48], In 1836, Morgan married Juliet Pierpont (18161884), daughter of John Pierpont (17851866), a poet, lawyer, merchant, and Unitarian minister. walmart springfield, mo tire and lube hours . [1], As was typical for aspiring businessmen of the time, Junius did not enroll in college, but was apprenticed to Alfred Welles, a Boston merchant banker, in 1829. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. Island That Was Longtime Home to J.P. Morgan Heir Hits Market for $125M WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. [15] They were the parents of at least 2 sons and 1 daughter. He was a devout Episcopalian. We use cookies to make our website work more efficiently, to provide you with more personalised services or advertising to you, and to analyse traffic on our website. 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. J.P. Morgan - The Life and Deals of America's Banker: Insight and 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. GROUP. 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. 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 . [65], On April 3, 1890, Morgan took an afternoon carriage ride through Monte Carlo. Cloudy and con- tii.upd cool Warren Temp.. Hig-h iO: Low 35. The outdoor landscaping was overseen by Frederick Law Olmsted, the celebrated landscape architect responsible for Central Park, according to Ms. Devendorf. Harriet Nickerson , William Lord, Alice Anna GAYLORD , Richard TREAT, Blanche de BRIENNE , Guillaume de FIENNES, Elizabeth x , Nathan Lynde. Linked to: Timothy Michael Dowling, 7th cousin 4x removed The following year, he fronted a syndicate that sold $40 million in bonds to finance the Northern Pacific Railroad, then the largest transaction of railroad bonds in U.S. history. Morgan. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. The Morgan Mansion was built in 1897 by Junius Spencer Morgan and Josephine Perry Morgan. John Pierpont Morgan : Family tree by Tim DOWLING (tdowling) - Geneanet Signup for our newsletter to get notified about our next ride. Junius Spencer Morgan III Wikipedia Republished // WIKI 2 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. In 1915, he married Louise, daughter of the celebrated composer Frederick S. Converse and a great-granddaughter of the "Ice King" Frederic Tudor. Just do what you can. Belle da Costa Greene (1883-1950) - BlackPast.org Continuing with this request will add an alert to the cemetery page and any new volunteers will . Founder of United States Steel Corporation. J. P. Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. Sitelinks. gnalogique Dowling avec plus d'un demi-million de parents, 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. Collections Online | British Museum Junius Spencer Morgan 1846 - 1858. 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 [68][69] At the Connecticut State Capitol, flags were flown at half-mast in mourning. Letter from her son, J.P. Morgan, Jr., dated Oct. 1891 describes the family's new yacht, Corsair. 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. rootsweb: Click Here from Harvard University in 1914. Dowling 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 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. Morgan & Co. into the upper ranks of international finance. discoveries. Junius Spencer Morgan, 1813-90, b. There is 1 volunteer for this cemetery. Also in 1901, Morgan teamed with James J. Hill to form the Northern Securities Company. More:Gatsby-esque Mansion on Long Island Gets $15M Chopped Off its $100M Asking Price. Born on December 3, 1702, Joseph began to learn to weave at a young age. 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. 5 0 obj Junius Spencer Morgan III married Emma Louise Converse and had 2 children. John Pierpont Morgan Jr. (1867-1943) . junius spencer morgan great grandchildren. [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. The Morgan Memorial served as a prototype for the Pierpont Morgan wing of the Metropolitan Museum of Art. [18] During this period, Morgan first met Francis M. Drexel, founder of Drexel & Company, one of Philadelphia's leading banks. 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. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). The TV star, who was aged just 10 when it happened, retold Alex Jones and Roman Kemp about . Junius Morgan's Estate (Salutations) - Virtual Globetrotting Brother of Mary (Morgan) Smith and Lucy (Morgan) Goodwin. He became the junior partner of the banking-firm of Dabney, Morgan and Co. in 1864, and that of Drexel, Morgan and Co. in 1871. Entering his mid-30s, Morgan was developing into the outsized figure that would dominate the financial world with his enormous frame, piercing eyes and brusque nature. Banker J. P. Morgan Born - This Month in Business History - Research In 1902, the Justice Department charged Northern Securities with violating the Sherman Antitrust Act of 1890. Peabody pledged the bank could continue to use his name and if necessary, some capital. All for $5.95M https://t.co/apeTdEMi21 pic.twitter.com/Ttwvmu2BTU. 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. 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. 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. 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 . 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. << /Length 6 0 R /Filter /FlateDecode >> Nous sommes tous [37] After the fall of Paris in January and the establishment of the Paris Commune, the bonds dropped from 80 points to 55, nearly bankrupting J.S. He then looked to the financial and insurance industries, in which his banking firm also achieved a concentration of control. She married George Hale Morgan on 27 June 1866, in Connecticut, United States. 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 worlds foremost financial figures during the two pre-World War I decades. It was this fortune which eventually placed J.P. Morgan's father, Junius Spencer Morgan, in the banking business. He remained as a clerk for five years, gaining exposure to the banking industry, as well as a number of mercantile trades in Boston and New York. 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. Junius Morgan | PureHistory Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). Candidates . Login to find your connection. the tall man aboriginal spirit; metadata api request failed: component conversion failed: file_ended; caleb foote sandlot He is buried in Cedar Hill Cemetery, Hartford, Connecticut. lis! The estate, located near Glen Cove, also has a remarkable history. Some of Peabody's own creditors, including rival Barings Bank, demanded immediate payment on their debts. DISCLAIMER: The currency conversion is provided for illustration purposes only. 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. WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. 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. Dowling Margaret Geer Walker lives there, Anonymous @ 2021-02-06 20:05:03 . He was interred at the family lot in Cedar Hill Cemetery in Hartford. Today it is the Morgan Library & Museum . Articles from Britannica Encyclopedias for elementary and high school students. 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.

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