Peabody pledged the bank could continue to use his name and if necessary, some capital. Upon his father's death, he inherited part of Chicopee Field. [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. 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. J.P. Morgan is remembered as such a dominant figure in American capitalism that it seemed to many that he ran the entire economy, able to pull strings anywhere. 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. He spent winters at the Villa Henriette in Monte Carlo. Notable with 921 PPP Without Project Account and without ProjectBox, http://www.brainyquote.com/quotes/authors/j/j_p_morgan.html, http://www.netstate.com/states/peop/people/ct_jpm.htm, http://www.pbs.org/wgbh/amex/1900/peopleevents/pande10.html, http://www.adr.com/Home/DisclaimerAndAgreement.aspx, http://www.biography.com/articles/John-Pierpont-Morgan-9414735, Cedar Hill Cemetery, Hartford, Connecticut. 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. In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General . discoveries. The PEDIGREE of Junius Spencer MORGAN (major banker; founder & eponym of J.S. John is 18 degrees from Jennifer Aniston, 14 degrees from Drew Barrymore, 15 degrees from Candice Bergen, 16 degrees from Alexandre Dumas, 19 degrees from Carrie Fisher, 27 degrees from Whitney Houston, 15 degrees from Hayley Mills, 16 degrees from Liza Minnelli, 19 degrees from Lisa Presley, 18 degrees from Kiefer Sutherland, 17 degrees from Bill Veeck and 18 degrees from Brian Nash on our single family tree. John Pierpont Morgan Jr. (1867-1943) . [19], Upon Morgan's arrival in London in 1854, Peabody & Co. was immediately in a position of strength as a leading dealer in American securities in the city; American grain, cotton, and railroad values soared during and after the Crimean War. [70], Last edited on 25 February 2023, at 17:50, Connecticut Mutual Life Insurance Company, "J.S. In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. The most expensive listing in the U.S. is a West Coast home asking $350 million. contains thousands of pictures and GeneaStars. << /Length 6 0 R /Filter /FlateDecode >> Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. Peabody also forced unfavorable terms on Morgan's lease of the bank's 22 Old Broad Street offices. He then acquired control of many leading financial and insurance companies. All property prices are as stated by the listing agent. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. Through his New York social circle, Morgan grew close to Amelia "Memie" Sturges, the daughter of a successful merchant. 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. 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. In 1845, his father invested an additional $25,000 in the firm on Junius's behalf. In October 1858, Field's cable broke, delaying the project's completion another eight years until 1866. 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. 1890 death: From grandparents to grandchildren Junius Spencer Morgan was born on April 14, 1813 in Holyoke, Massachusetts. Records: 4,977. [12], In fall 1850, Morgan arranged to go into business with James M. Beebe of Boston, a young merchant with a growing import business. After the death of his wife Juliet in 1884, he withdrew further from business. 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. " 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. junius spencer morgan great grandchildren 05 Jun. 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. 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. 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. While every effort has been made to follow citation style rules, there may be some discrepancies. Famouskin.com also includes ancestoral charts showing the family relationships of J.P. Morgan to many famous kin. 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. The couple had five children: Junius, Henry, Jane, and Frances lived to adulthood, but Alice died of typhoid fever. One of the firm's two junior partners was future Governor of New York and U.S. Vice President Levi P. 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. The Beaux-Arts Morgan Memorial of 1910-15 was designed by Benjamin Wistar Morris. Son of Joseph Morgan, III and Sarah "Sally" Morgan [5] He made a fortune with Aetna in 1835, when Aetna covered Wall Street firms destroyed in the Great Fire of New York. WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. Connect to the World Family Tree to find out, 1813 - Holyoke, Comt De Hampden, Massachusetts, tats-Unis, Junius MORGAN, Juliet MORGAN, Mary MORGAN, John Pierpont MORGAN, Apr 14 1813 - West Springfield, Massachusetts, Usa, Joseph Morgan, Sarah "sally" Morgan (born Spencer), Apr 14 1813 - West Springfield, Hampshire, Massachusetts, Joseph Morgan III, Sarah Morgan (born Spencer), n Pierpont Morgan Sr., Sarah Spencer Morgan, Junius Spencer Morgan II, Mary Lyman Burns (born Morgan), Juliet Morgan, Juliet Pierpont Morgan, Lucy Goodwin (born Morgan), Mary Smith (born Morgan), Cedar Hill Cemetery, Hartford, Hartford, CT, United States, Cedar Hill Cemetery of Hartford, Connecticut. Contents Early life Career Personal life References Early life Morgan was born on April 14, 1813 in Holyoke, Massachusetts. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). He worked at his father's bank, Peabody, Morgan & Co., and later the firms of Duncan, Sherman & Company and Dabney, Morgan, and Company. However, he soon encountered resistance from President Theodore Roosevelt, who sought to leverage the populist tide against the wealthy "robber barons" of Wall Street. 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. Juliet Pierpont Morgan . He founded J. S. Morgan & Co. Following Drexel's death in 1893, Jack Morgan helped his father reorganize the company and rename it J. P. Morgan & Co., a name the company bears to this day! Morgan, American family of financiers and philanthropists. We are featuring this profile in the Connection Finder this week. The outdoor landscaping was overseen by Frederick Law Olmsted, the celebrated landscape architect responsible for Central Park, according to Ms. Devendorf. [10] [14] During the Great Depression he took heavy financial losses. Login to find your connection. It became J.P. Morgan and Company in 1895 and is now JPMorgan Chase & Co. At his death, in 1890, he left a fortune estimated at about $10,000,000. Submit a correction or make a comment about this profile. Descendants. He was named after his maternal grandfather, and much like his Uncle Pierpont, he was a great collector. 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. gnalogique Dowling avec plus d'un demi-million de parents, 3I. 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. In October 1861, Morgan married Amelia Sturges in Manhattan, New York. 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. 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. "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. Sorry! In addition, it was the centrality of his role in averting disaster in 1907 that led the U.S. government to create the Federal Reserve System. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. [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. Kindle $10.99 Rate this book The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance Ron Chernow 3.94 10,223 ratings515 reviews The winner of the National Book Award and now considered a classic, The House of Morgan is the most ambitious history ever written about an American banking dynasty. lis! 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. In 1861 Morgan became the agent for his fathers banking company in New York City. Sarah Spencer Morgan Morgan 1839 - 1896. [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. 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 . Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. He suffered a broken wrist and concussion and was unconscious for five days until his death on April 8, 1890. Biography and associated logos are trademarks of A+E Networksprotected in the US and other countries around the globe. The Morgan name is traced to Carmarthen , Wales, and the first known Morgan family ancestral is Hyfaidd ap Bleddri, third son of Bledri of Wales. From about 1836 to 1853, he was in the dry-goods business. 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. Sunrise 7:55. Each fall, Junius made an annual trip to the United States for three months, and Pierpont traveled to London each spring. [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. Morgan demurred but eventually accepted, joining the firm as junior partner in October 1854. Morgan successfully led the American financial communitys attempt to avert a general financial collapse following the stock market panic of 1907. He received and A.B. 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. 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. MORGAN. He began working for his father at a young age and attended the University of Gottingen, a German language school. His paternal grandparents were Junius Spencer Morgan (1813-1890) [3] and Juliet Pierpont (1816-1884), the daughter of John Pierpont. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. Junius Spencer Morgan III (1892-1960) Capt. Initially a smart but indifferent student, he began showing improved grades by the time he attended English High School in Boston. Sitelinks. Junius Spencer Morgan III married Emma Louise Converse and had 2 children. pentecostal assemblies of the world ordination; how to start a cna school in illinois 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. He died on Monday, March 31, 1913 in Rome, Italy while attending a yacht racing event. [63] Morgan was a close friend of the Whig politician and diplomat Abbott Lawrence. Juliet Pierpont Morgan (18471923), who was the mother of John Junius Morgan (d. 1952). [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. Get a Britannica Premium subscription and gain access to exclusive content. 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. There are no volunteers for this cemetery. He attended Harvard University during the early-to-mid 1880s. Ancestral pedigree chart of J.P. Morgan. Born into a prominent New England family in 1837, J.P. Morgan began his career in the New York financial industry in the late 1850s. Morgan at the time was building a library at the corner of Madison Avenue and 38th Street in New York City and was looking for someone to help him cultivate his growing collections. J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. Omissions? He reorganized several major railroads and became a powerful railroad magnate. Three years later he began financing a series of giant industrial consolidations that were to reshape the corporate structure of the American manufacturing sector. Spouses, children, grandchildren and great-grandchildren. He was not related to Edwin D. Morgan, a prominent Hartford and New York banker and merchant of the same era who became Governor of New York. 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. Dowling Also contains a letter from Junius Spencer Morgan to J. Pierpont Morgan [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. Junius Spencer Morgan 1846 - 1858. John Pierpont Morgan was born into a prominent New England family on April 17, 1837, in Hartford, Connecticut. The yearly tax for the property is about $570,000. He was generally emotionless, and his friend George Smalley praised his "grave, strong beauty" and his "eyes full of light" but a face that ended in an "immovable jaw. 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. ", Delivers the most important property news around the world to your inbox each weekday, COPYRIGHT 2023 MANSION GLOBAL. Have you taken a DNA test? We are all related! contient des milliers de photos et GeneaStars. Morgan led a syndicated bond issue of 10,000,000, which the syndicate sold at 15 points below par. Deceased persons are not concerned by this provision. [65], On April 3, 1890, Morgan took an afternoon carriage ride through Monte Carlo. The would-be assassin, apparently of German . [15] Just one grandparent can lead you to many Miles Morgan, ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. He was a devout Episcopalian. 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. Morgan Family. From 1854, he was partner, with George Peabody, in the English banking house of George Peabody & Co. In 1902 Morgan brought together several of the leading agricultural-equipment manufacturers to form the International Harvester Company. Find Junius Spencer Morgan stock photos and editorial news pictures from Getty Images. [46], Morgan was, like his son, intensely private. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. Miles Morgan]], ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. 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. His father, Junius Spencer Morgan, was a businessman of note who had high expectations for his son Pierpoint and started training him at a very early age. The syndicate bought and quickly resold the bonds in early 1895, stabilizing the shaky economy. Born 14 Apr 1813 in Hartford, Hartford, Connecticut, United States. Pierpont, as he preferred to be . This connection would eventually lead to her employment with financier and banker J. P. Morgan starting in 1905 as Junius introduced Greene to his uncle. The estate, located near Glen Cove, also has a remarkable history. Ancestors. 2008 - 2023 INTERESTING.COM, INC. -- PBS Online, 1999, {{ mediasCtrl.getTitle(media, true) }} Joseph personally bought the stakes of Aetna investors who hesitated to pay on the policies. In book thirteen of Revelation, John describes two beasts: one that emerges from the sea and has seven heads, and another that springs from the earth and empowers the bigger beast. Quick access. great grandfather. 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. Linked to: Timothy Michael Dowling, 7th cousin 4x removed Leave a message for others who see this profile. 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. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. Relationship with Timothy Michael Dowling (Sosa/Ahnentafel #1), Relationship with Amelia Sturges (spouse), Relationship with Frances Louisa Tracy (spouse), Browse using this individual as Sosa/Ahnentafel #1, , born in1835, deceased in1862 aged 27years old, , born 15May1845 - New York, deceased 16November1924 - Highland Falls, Orange Co., NY aged 79years old, Sources: Dowling Family Tree - Tim Dowling - rootsweb, 2001-2015 - - electronic - I42066, Marriage (with Amelia Sturges) - New York, NY, List of all individuals in the family tree, {{ 'gw_downgraded_access_back_to_max'|translate }}, Born 17April1837 - Hartford, Hartford Co., CT, Deceased 31March1913 - Rome, Lazio, Italy, If not, see our friends at Ancestry DNA. 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. [31], Morgan became the active head of the firm in February 1859, with Peabody remaining the nominal senior partner. [42], In 1877, Morgan began a semiretirement, cutting back on his schedule and ceding greater authority to his son. Morgan members were notable for dominating the banking industry during . [43] At the dinner, Morgan stated:[36], "never do anything to cause evil to be spoken of the American name. the tall man aboriginal spirit; metadata api request failed: component conversion failed: file_ended; caleb foote sandlot 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. 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. [17], Morgan's initial task was to strengthen and develop the firm's principal American accounts, using his first-hand knowledge of and connections to American business which Peabody, who had moved to London in 1836, lacked. 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. 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. Morgan & Co. Morgan sought to prop up the price by purchasing as many bonds as he could. Cloudy and con- tii.upd cool Warren Temp.. Hig-h iO: Low 35. He also purchased Dover House in Roehampton. When healthy, he frequented galleries and concerts with his parents, sparking a lifelong fascination with the arts. 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. 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. 1844 d. 1919. [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. The Morgan Mansion was built in 1897 by Junius Spencer Morgan and Josephine Perry Morgan. Morgan & Co., House of Morgan) Born: 1813 Died: 1890 d. after carriage accident Gen. Pierpont Hamilton's Great-Grandfather. Sunset 6:13. from Harvard University in 1914. 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. Family Members [7][6] He remained at the firm until his father's death in 1847. . GREAT NEWS! 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. The . Morgan set sail on an overseas voyage after the hearings, but his health steadily declined, and he died at a hotel in Rome, Italy, on March 31, 1913. Samuel Spencer (1670 - 1756), my sixth great grandfather, and Morgan's third great grandfather. 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 . Have you taken a DNA test? (1892 - 1960) Photos: 745. JP Morgan Jr.'s son Henry co-founded the Morgan Stanley financial corporation with Harold Stanley. Enter a grandparent's name. 2008 - 2023 INTERESTING.COM, INC. Having ceased to undertake large industrial reorganizations, Morgan thereafter concentrated on amassing control of various banks and insurance companies.