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. Morgan demurred but eventually accepted, joining the firm as junior partner in October 1854. pigella miraculous ladybug power. [3] He worked for his father until he was able to take over the family business, leading him to become one of the most influential financiers in the world. Junius Spencer Morgan III (1892-1960) FamilySearch [35], Still, Morgan was ambitious to place his bank on par with the Rothschilds and Barings Bank. 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. Morgan Genealogy: A History of James Morgan, of New London, Conn. The couple had five children: Junius, Henry, Jane, and Frances lived to adulthood, but Alice died of typhoid fever. "Go as far as you can see; when you get there, you'll be able to see farther. Peabody pledged the bank could continue to use his name and if necessary, some capital. lis! . 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. WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. He spent winters at the Villa Henriette in Monte Carlo. J.P. Morgan - The Life and Deals of America's Banker: Insight and When healthy, he frequented galleries and concerts with his parents, sparking a lifelong fascination with the arts. J. P. Morgan was born in Hartford, Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. 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 Morgan was born on April 14, 1813, in Holyoke, Massachusetts to Joseph and Sarah Morgan. 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. Junius Spencer Morgan - The Morgan Library & Museum 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. 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. West Springfield, Mass., prospered at investment banking. He entered business in Connecticut, operating a tavern, coffee house, and stagecoach line,[4] and was a founding partner in the Aetna Fire Insurance Company in 1819. Dowling Today it is the Morgan Library & Museum . 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. Deceased persons are not concerned by this provision. Junius Spencer Morgan - Wikidata [13], By February 1851, Morgan sold his stake in Howe & Mather for $600,000 and moved to Boston's Pemberton Square. [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. All Rights Reserved. Login to find your connection. However, he soon encountered resistance from President Theodore Roosevelt, who sought to leverage the populist tide against the wealthy "robber barons" of Wall Street. Morgan Family - NNDB [42], In 1877, Morgan began a semiretirement, cutting back on his schedule and ceding greater authority to his son. Through his New York social circle, Morgan grew close to Amelia "Memie" Sturges, the daughter of a successful merchant. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. L'arbre 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 Origin and Meaning The name Junius is boy's name of Latin origin meaning "born in June". The largest online newspaper archive; 22,800+ newspapers from the 1700s-2000s; Millions of additional pages added every month Actually, although John Pierpont Morgan's father was indeed named Junius Spencer Morgan, this was not his home. John Pierpont Morgan (April 17, 1837 - March 31, 1913) was an American financier, banker and art collector who dominated corporate finance and industrial consolidation during his time. 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. 2008 - 2023 INTERESTING.COM, INC. [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. Born 14 Apr 1813 in Hartford, Hartford, Connecticut, United States. Members of the family amassed an immense fortune over the generations, primarily through the noted work of John Pierpont (J. P.) Morgan (1837-1913). Enter a grandparent's name. [5] He made a fortune with Aetna in 1835, when Aetna covered Wall Street firms destroyed in the Great Fire of New York. Morgan was born on 17 April 1837 in Hartford, Connecticut. From 1854, he was partner, with George Peabody, in the English banking house of George Peabody & Co. Drexel allied his bank with Peabody's through Morgan, forming one of the most powerful and important banking alliances in American history. Linked to: Timothy Michael Dowling, 6th cousin 5x removed, {{ mediasCtrl.getTitle(media, true) }} An error has occured while loading the map. Junius Spencer Morgan III (1892-1960) Capt. Collections Online | British Museum There is a "921 PPP Without Project Account and without ProjectBox" error that needs corrected. The Virginian-Pilot from Norfolk, Virginia on September 28, 1962 38 Linked to: Timothy Michael Dowling, 7th cousin 4x removed Junius Spencer Morgan Events. They maintained a twice-weekly correspondence for thirty-one years, which Pierpont burned in 1911.[58]. The ship subsequently sank with great loss of life. In 1861 Morgan became the agent for his fathers banking company in New York City. 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. After being recommended, Greene met with Morgan in 1905, and was hired . Devastated, the young businessman returned to New York and plunged himself into his work. Morgan | Encyclopedia.com [18] During this period, Morgan first met Francis M. Drexel, founder of Drexel & Company, one of Philadelphia's leading banks. 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. 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. All charts include source citations for ancestors in the charts. 100 1 _ a Morgan, Junius Spencer, d 1892-1960 4xx's: Alternate Name Forms (3) 400 0 _ a Junius Spencer Morgan III c American banker (1892-1960) J P Morgan. "If you have to ask how much it costs, you can't afford it." A man I do not trust could not get money from me on all the bonds in Christendom. {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. In 1902, the Justice Department charged Northern Securities with violating the Sherman Antitrust Act of 1890. Sarah Spencer Morgan (1839-1896) FamilySearch Morgan led a syndicated bond issue of 10,000,000, which the syndicate sold at 15 points below par. Morgan & Co. Morgan sought to prop up the price by purchasing as many bonds as he could. junius spencer morgan great grandchildren 05 Jun. THE DISAPPEARING DUCHESS - The New York Times gnalogique Dowling avec plus d'un demi-million de parents, Junius Spencer Morgan b. 1813 d. 1890 - Rodovid EN [45], Morgan was "tall with sloping shoulders" and a thickening midriff, a wide face, light blue eyes, a prominent nose, and a firm mouth. 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. 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. Save Page Now. 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. In semi-retirement by the time the crisis was resolved, Morgan devoted much of his energy to his art collection and philanthropy. Ancestral pedigree chart of J.P. Morgan. 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. [7] Upon his death, his artwork collection was donated. The iron business had drawn the firm into greater involvement in financing American railway construction, including as the initial offeror of bonds for the Ohio and Mississippi Rail Road Company in 1853. Father of John Pierpont Morgan, Sr.; Sarah Spencer Morgan; Mary Lyman Burns; Junius Spencer Morgan and Juliet Morgan 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 | Biography & Facts | Britannica Sarah Spencer Morgan (1893-1949), married Henry B. Gardner (1891-1932) in 1913. (1892 - 1960) Photos: 745. When his horses bolted at an oncoming train, Morgan stood to see if his driver could steady the horses. Nous sommes tous 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. John Pierpont Morgan 1837-1913 Married in 1861, New York, NY, to Amelia . gnalogique Dowling avec plus d'un demi-million de parents, The Dowling Family Tree with over half a million relatives, 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. 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. A protracted legal battle was settled when the Supreme Court ruled in favor of the government in 1904. Signup for our newsletter to get notified about our next ride. Candidates . Throughout, Morgan and Peabody maintained their confidence in Field's project. About the Morgan Family | Constitution Hill The executives eventually agreed to terms in what became known as the Corsair Compact. junius spencer morgan great grandchildren. It was not really a question of price. Morgan members were notable for dominating the banking industry during . Quick access. The Morgan Mansion was built in 1897 by Junius Spencer Morgan and Josephine Perry Morgan. Sarah Spencer Morgan Morgan 1839 - 1896. 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. [38], Another windfall arrived at Morgan's doorstep that same year when Philadelphia's Anthony Drexel proposed an affiliation with J. S. Morgan & Co. Drexel was then Philadelphia's second power in government finance after Jay Cooke. 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 S. Morgan III, U.S.N., of 'Salutation' Glen Cove, Long Island, N.Y. zoom_in 2 images. Username and password are case sensitive. In 1836, he married John Pierpont Morgan's mother, Juliet. Juliet Pierpont Morgan . Working with his son John Pierpont in New York, Morgan was able to receive news of the fall of Vicksburg via telegraph before it became general knowledge in London, buying up Union bonds before their prices rose. Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. J. P. Morgan shot; thirty-two caliber bullet penetrates groin - UPI The firm soon became a major player in the steel industry by financing the formation of Federal Steel in 1898. examples of olympic values Likes. In 1915, he married Louise, daughter of the celebrated composer Frederick S. Converse and a great-granddaughter of the "Ice King" Frederic Tudor. Beebe, Morgan and Co., became one of the largest dry-goods establishments in the United States. This house is among the chief negotiators of railroad bonds, and was active in the reorganization of the West Shore railroad and its absorption by the New York Central railroad. Morgan. Junius Spencer Morgan, 1813-90, b. 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. Junius Morgan | PureHistory [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. 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. Junius Spencer. [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. GROUP. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). Junius Spencer Morgan (American) The Metropolitan Museum of Art. [6], Morgan enjoyed collecting expensive and valuable paintings and gems and was passionate about yacht racing. [65], On April 3, 1890, Morgan took an afternoon carriage ride through Monte Carlo. Junius Spencer Morgan I (1813-1890) | WikiTree FREE Family Tree Harriet Nickerson , William Lord, Alice Anna GAYLORD , Richard TREAT, Blanche de BRIENNE , Guillaume de FIENNES, Elizabeth x , Nathan Lynde. [63] Morgan was a close friend of the Whig politician and diplomat Abbott Lawrence. He also purchased Dover House in Roehampton. [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. Morgan's Death. This firm was reorganized as J.P. Morgan and Company in 1895, and, largely through Morgans ability, it became one of the most powerful banking houses in the world. 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. Aptly-named House Island comes w/ 4 houses, 5 beaches and 12.8 acres. Seeking to stabilize a series of collapsing trust banks, he called several bank presidents to his Manhattan library, and, in an echo of his Corsair meeting of 1885, locked the door until a solution could be reached. Have you taken a DNA test? J. P. Morgan Jr. Wiki & Bio - everipedia.org His paternal grandparents were Junius Spencer Morgan (1813-1890) [3] and Juliet Pierpont (1816-1884), the daughter of John Pierpont. L'arbre junius spencer morgan junius spencer morgan. junius spencer morgan 30 Nov. junius spencer morgan. Virginia Elections Database Candidate Profile 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. He brought in other major . Morgan's astounding success transformed the financial industry and left behind a powerful legacy. in Hartford, Connecticut, USA , United States, Died on March 31, 1913 Also contains a letter from Junius Spencer Morgan to J. Pierpont Morgan He helped to achieve railroad rate stability and discouraged overly chaotic competition in the East. West Springfield, Mass., prospered at investment banking. [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. Ancestors. Please refer to the appropriate style manual or other sources if you have any questions. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. 1785-1866 & Mary Sheldon Lord 1787-1855) with. Early life. [33], In 1864, Morgan's ten-year agreement with Peabody expired. 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. ; Services to Be Held Today at Highland Falls and Here on Sunday", "J. S. Morgan Dies In Switzerland; Retired Banker Emulated Ex- ample of Uncle, the Late j. P., as Art Collector. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. In 1886 he reorganized two more major railroads with the aim of stabilizing their financial base. Within a year, the business struggled sufficiently that Joseph Morgan had to bail his son out and dissolve the partnership. [49] Together, they had:[50][51], Morgan poured tremendous effort into his son and heir J. Pierpont. archive.org Read reviews from world's largest community for readers. After the death of his wife Juliet in 1884, he withdrew further from business. *FREE* shipping on qualifying offers. 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. "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. John Pierpont Morgan was an American financier and investment banker during the Gilded Age. 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. Lucy was the mother of James J. Goodwin and the Rev. Also in 1901, Morgan teamed with James J. Hill to form the Northern Securities Company. [5], Soon thereafter, Morgan's father secured him a new partnership at Morris Ketchum's private bank on Wall Street, renamed Morgan Ketchum & Co. 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. 24530600 - Virtual International Authority File [12], In fall 1850, Morgan arranged to go into business with James M. Beebe of Boston, a young merchant with a growing import business. [60], He contributed money to the Hartford Free Library,[61] his church and to Trinity College, Hartford. 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. 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. 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. About: Junius Spencer Morgan - dbpedia.org 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. Junius Spencer Morgan, III won (41%) against 2 opponents. The TV star, who was aged just 10 when it happened, retold Alex Jones and Roman Kemp about . Pierpont, as he preferred to be known, had a varied education, due in part to interference by his father, Junius. Each fall, Junius made an annual trip to the United States for three months, and Pierpont traveled to London each spring. Junius Spencer Morgan was an incredibly successful banker and financier, as he founded the bank J.S. Updates? 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. contient des milliers de photos et GeneaStars. We know it's short notice, so don't fret too much. junius spencer morgan junius spencer morgan - bobesich.ca -- PBS Online, 1999, {{ mediasCtrl.getTitle(media, true) }} Junius Spencer Morgan I (14 Apr 1813 - 8 Apr 1890) 0 references . All for $5.95M https://t.co/apeTdEMi21 pic.twitter.com/Ttwvmu2BTU. Husband of Juliet Morgan The Beaux-Arts Morgan Memorial of 1910-15 was designed by Benjamin Wistar Morris. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. The Four Horsemen, from "The Apocalypse" - The Metropolitan Museum of Art Morgan spent his first few months working for Peabody in the United States, establishing contacts with American clients like Duncan, Sherman & Company, reaching out to new potential clients, and gathering information. ; 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 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. 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. Junius Spencer Morgan - Wikiwand The assets of the House of Morgan fell 40% from $704 million to $425 million. 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. Hearst Magazine Media, Inc. Site contains certain content that is owned A&E Television Networks, LLC. [15] Husband of Juliet (Pierpont) Morgan married 2 May 1836 in Hartford, Hartford County, Connecticut. [2] He grew up in New York and received an education that focused on math and history, as well as German and French, as his father believed there was great value in those subjects. Junius Spencer Morgan III - Alchetron, the free social encyclopedia J. S. Morgan began collecting as a student, and was early attracted to Virgil probably through the influence of Dean West. %PDF-1.3 DISCLAIMER: The currency conversion is provided for illustration purposes only. Pierpont, as he preferred to be . 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? Junius Spencer Morgan, 1813-90, b. ", 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. [4] In 1880, he and his family were living in New York City. Founder of United States Steel Corporation. J. Pierpont Morgan is arguably the most famous banker in American history, b. 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. We are all related! Morgan & Co. into the upper ranks of international finance. [1] Career [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. He was of Hartford, Conn., but later associated with the Banking-house of Peabody & Morgan of London, England, where he resided many years. [46], Morgan was, like his son, intensely private. Upon his father's death, he inherited part of Chicopee Field. Morgan urged Pierpont to withdraw his name from consideration, and he did. VIRGIL | Princeton University Library Special Collections The 27,000-square-feet stone manor has grand-scale living and entertaining spaces with views of the Long Island Sound, Manhattan and Connecticut.
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