An error has occured while loading the map. 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 Wrong username or password. Family Members Read reviews from world's largest community for readers. (1892 - 1960) Photos: 745. John Pierpont Morgan was born in the spring of 1837 to Junius Spencer Morgan and Juliet Pierpont. He then looked to the financial and insurance industries, in which his banking firm also achieved a concentration of control. Morgan was born on April 14, 1813, in Holyoke, Massachusetts to Joseph and Sarah Morgan. 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. 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. aged 75years old. He returned to the United States in 1857, and entered the banking-firm of Duncan, Sherman and Co., of New York. Hartford, Hartford, Connecticut, United States, Contributions to the History of Christ Church, Hartford, Middletown Upper Houses, A History of the North Society of Middletown, Connecticut, from 1650 to 1800, Connecticut, Deaths and Burials Index, 1650-1934, Updated Morgan Genealogy: A History of James Morgan, of New London, Connecticut, and His Descendants, from 1607 to 1997. In September 1851, Morgan passed the entrance exam for the English High School of Boston, a school specializing in mathematics to prepare young men for careers in commerce. He founded J. S. Morgan & Co. In 1845, his father invested an additional $25,000 in the firm on Junius's behalf. However, he soon encountered resistance from President Theodore Roosevelt, who sought to leverage the populist tide against the wealthy "robber barons" of Wall Street. He then acquired control of many leading financial and insurance companies. 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. [47] He had a "dry wit and genial manor and employed iron discipline." In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. A protracted legal battle was settled when the Supreme Court ruled in favor of the government in 1904. He was a devout Episcopalian. 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. At Princeton University, she came to the attention of Junius Spencer Morgan II, a student at Princeton University and a nephew of John Pierpont Morgan. There is a "921 PPP Without Project Account and without ProjectBox" error that needs corrected. 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. 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. J. P. Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. stream gnalogique Dowling avec plus d'un demi-million de parents, 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 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. Signup for our newsletter to get notified about our next ride. 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. Each fall, Junius made an annual trip to the United States for three months, and Pierpont traveled to London each spring. *FREE* shipping on qualifying offers. Cookes firm collapsed on September 18, triggering a wave of bank failures as part of the Panic of 1873. 2008 - 2023 INTERESTING.COM, INC. Adrian Wooldridge characterized Morgan as America's "greatest banker".[1]. 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. In time Junius allowed friends to build on the island. All charts include source citations for ancestors in the charts. The estate, located near Glen Cove, also has a remarkable history. Outgoing letters are addressed to her sister, Mary Kirkland Tracy. [25], Peabody declined a conditional bailout from the major London houses which would have closed the firm, instead receiving an emergency line of credit of 800,000 from the Bank of England. Mother Sarah Sally Spencer Morgan. 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. He suffered a broken wrist and concussion and was unconscious for five days until his death on April 8, 1890. 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. Submit a correction or make a comment about this profile. His paternal grandparents were Junius Spencer Morgan (1813-1890) [3] and Juliet Pierpont (1816-1884), the daughter of John Pierpont. 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 . 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. Junius Spencer Morgan, 1813-90, b. We may earn commission from links on this page, but we only recommend products we back. rootsweb: Click Here If not, see our friends at Ancestry DNA. "Go as far as you can see; when you get there, you'll be able to see farther. [15] 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. Having ceased to undertake large industrial reorganizations, Morgan thereafter concentrated on amassing control of various banks and insurance companies. gnalogique Dowling avec plus d'un demi-million de parents, Juliet Morgan Anne Morgan: Cha m: Junius Spencer Morgan Juliet Pierpont: John Pierpont "J.P." Morgan (17/4/1837 - 31/3/1913) l nh kinh doanh, ti chnh, t thin v su tp ngh thut ngi M, v l ngi c vai tr to ln trong nn ti chnh v cng nghip Hoa K cui th k 19. 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. Patriarch of the Morgan family of millionaires: Junius Spencer Morgan: Business: 14-Apr-1813: 8-Apr-1890: J. S. Morgan and Company: Do you know something we don't? 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. Ancestors. Regardless, Morgan continued to exert his authority in both industries and in government. More:Gatsby-esque Mansion on Long Island Gets $15M Chopped Off its $100M Asking Price. pentecostal assemblies of the world ordination; how to start a cna school in illinois He received an A.B. Their relationship, though separated by an ocean and wildly divergent personalities, was close. In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General . 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. [6], Morgan enjoyed collecting expensive and valuable paintings and gems and was passionate about yacht racing. 1892-1960. Updates? Have you taken a DNA test? Career He began his business career in 1829 by entering the employ of Alfred Welles of Boston. Through his New York social circle, Morgan grew close to Amelia "Memie" Sturges, the daughter of a successful merchant. [66][67], At his funeral, the pallbearers were Roland Mather, Levi P. Morton, Anthony Joseph Drexel, Chauncey M. Depew, Cornelius Vanderbilt II, J. C. Rogers, J. Kearney Warren, and Edward John Phelps. By the early 1900s, Morgan was the main force behind the Trusts, controlling virtually all the basic American industries. 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. 100 J P Morgan Quotes (John Pierpont Morgan Quotes) 1 2 3. 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. [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 couple had five children: Junius, Henry, Jane, and Frances lived to adulthood, but Alice died of typhoid fever. "If you have to ask how much it costs, you can't afford it." He helped to achieve railroad rate stability and discouraged overly chaotic competition in the East. TH E W E A TH E R Snow or rain. from Harvard University in 1914. DISCLAIMER: The currency conversion is provided for illustration purposes only. Nathaniel's son, Joseph Morgan, was the fifth of seven children. The Morgan Memorial served as a prototype for the Pierpont Morgan wing of the Metropolitan Museum of Art. All for $5.95M https://t.co/apeTdEMi21 pic.twitter.com/Ttwvmu2BTU. In 1860 he became agent and attorney in the United States for George Peabody and Co., of London, which relation he has since held with that firm and its successor. Junius Spencer Morgan I. Early life. 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. Morgan & Co. into the upper ranks of international finance. Junius Origin and Meaning The name Junius is boy's name of Latin origin meaning "born in June". Deceased persons are not concerned by this provision. Husband of Juliet (Pierpont) Morgan married 2 May 1836 in Hartford, Hartford County, Connecticut. Morgan III. Quick access. ", Hartford, Hartford, Connecticut, United States, (datadoctor, removed unused span anchors), https://en.wikipedia.org/w/index.php?title=J._P._Morgan&oldid=1125408302, https://familysearch.org/ark:/61903/1:1:F7QQ-29K, https://familysearch.org/ark:/61903/1:1:248M-R83, https://familysearch.org/ark:/61903/1:1:F7NY-S4N, https://familysearch.org/ark:/61903/1:1:QVJ1-BR14, https://familysearch.org/ark:/61903/1:1:QVSF-N7CT, U.S. and International Marriage Records, 1560-1900. Geneastars | Facebook. Throughout, Morgan and Peabody maintained their confidence in Field's project. 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. 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. Railroad securities were further weakened by the Credit Mobilier scandal. Samuel Spencer (1670 - 1756), my sixth great grandfather, and Morgan's third great grandfather. In October 1861, Morgan married Amelia Sturges in Manhattan, New York. [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. Peabody also forced unfavorable terms on Morgan's lease of the bank's 22 Old Broad Street offices.
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