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The ship subsequently sank with great loss of life. 3I. Geneastars | Facebook. 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. [14], On May 15,[16] 1853, at the recommendation of James Beebe, Morgan visited the American banker George Peabody in London. [49] Together, they had:[50][51], Morgan poured tremendous effort into his son and heir J. Pierpont. When his horses bolted at an oncoming train, Morgan stood to see if his driver could steady the horses. He was a devout Episcopalian. 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. The estate, located near Glen Cove, also has a remarkable history. J P Morgan. 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. He then looked to the financial and insurance industries, in which his banking firm also achieved a concentration of control. [6], Morgan enjoyed collecting expensive and valuable paintings and gems and was passionate about yacht racing. The syndicate bought and quickly resold the bonds in early 1895, stabilizing the shaky economy. [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. Quick access. 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 Born on December 3, 1702, Joseph began to learn to weave at a young age. 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. [30] The firm turned an eventual profit on the venture, but its major purpose was to establish Morgan as a primary backer in the growing communications industry. He married Emma Louise Converse on 16 June 1915, in Saint Pauls Episcopal Church, Millis, Norfolk, Massachusetts, United States. If not, see our friends at Ancestry DNA. He began working for his father at a young age and attended the University of Gottingen, a German language school. ; 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). [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. He was interred at the family lot in Cedar Hill Cemetery in Hartford. Major children and living persons must directly contact the. Contents. He married in 1836 Juliet, daughter of John Pierpont, the poet (q. % Upon his father's death, he inherited part of Chicopee Field. He then reassured a skeptical President .css-47aoac{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:inherit;text-underline-offset:0.25rem;color:#A00000;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;}.css-47aoac:hover{color:#595959;text-decoration-color:border-link-body-hover;}Grover Cleveland by citing an obscure 1862 statute that gave the Secretary of the Treasury the power to pull off such a transaction without congressional approval. 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. He reorganized several major railroads and financed industrial consolidations that formed the United States Steel, International Harvester, and General Electric corporations. 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. Miles Morgan, ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. 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. [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. He began his business career in 1829 by entering the employ of Alfred Welles of Boston. ; 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. Select from premium Junius Spencer Morgan of the highest quality. Read reviews from world's largest community for readers. [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. 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. [13], By February 1851, Morgan sold his stake in Howe & Mather for $600,000 and moved to Boston's Pemberton Square. 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. He passed away on 19 Oct 1960 in Simcoe, Norfolk, Ontario. 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. [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 successfully led the American financial communitys attempt to avert a general financial collapse following the stock market panic of 1907. His first venture, in 1891, was to arrange the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric, which became the dominant electrical-equipment manufacturing firm in the United States. Joseph Morgan made a fortune from his holdings. When healthy, he frequented galleries and concerts with his parents, sparking a lifelong fascination with the arts. In 1875, at the age of 38, Morgan was living with his wife Frances and children Louisa, John, Juliet, and Anne in Highland, New York. All property prices are as stated by the listing agent. Ms. Devendorf declined to confirm Ms. Walker as the owner of the property. Railroad securities were further weakened by the Credit Mobilier scandal. 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. Married 2 May 1836 to Juliet Pierpont, born 30 July 1816 - Baltimore, Baltimore Co., MD, deceased 23 February 1884 aged 67 years old (Parents : John C. Pierpont, Rev. J. P. Morgan. 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. Cookes firm collapsed on September 18, triggering a wave of bank failures as part of the Panic of 1873. JP Morgan Jr.'s son Henry co-founded the Morgan Stanley financial corporation with Harold Stanley. WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. -- PBS Online, 1999, {{ mediasCtrl.getTitle(media, true) }} 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. 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. Francis Goodwin,[59] chairman of the Hartford Parks Commission. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. It was this fortune which eventually placed J.P. Morgan's father, Junius Spencer Morgan, in the banking business. arwiki . 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. in Hartford, Connecticut, USA , United States, Died on March 31, 1913 Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). Junius Spencer Morgan 1846 - 1858. He took on a prominent role in London society, hosting many social gatherings at his homes on Hyde Park and at Roehampton.[32][33]. There is 1 volunteer for this cemetery. Adrian Wooldridge characterized Morgan as America's "greatest banker".[1]. Also in 1901, Morgan teamed with James J. Hill to form the Northern Securities Company. [5] In 1910, at the age of 74, he was living with his wife Frances and daughter Anne in Manhattan. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. After all-night negotiations went nowhere, Morgan ended the stalemate by drawing up a bailout contract and ordering the exhausted presidents to sign. 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. All for $5.95M https://t.co/apeTdEMi21 pic.twitter.com/Ttwvmu2BTU. Pierpont also joined Drexel's Philadelphia firm and his Paris firm, giving the Morgans footholds in four cities. Records: 4,977. [44] By the 1880s, Junius's health began to fade, and he stepped back from day-to-day business. Father Joseph Morgan (Spencer) II. Your Privacy Choices: Opt Out of Sale/Targeted Ads, Name: John Pierpont Morgan, Birth Year: 1837, Birth date: April 17, 1837, Birth State: Connecticut, Birth City: Hartford, Birth Country: United States. Brother of Archilles Morgan; Lucy Goodwin and Mary Morgan, http://en.wikipedia.org/wiki/Junius_Spencer_Morgan. L'arbre Though Peabody retired as promised, he denied Morgan the use of his name and capital. great grandfather. Biography and associated logos are trademarks of A+E Networksprotected in the US and other countries around the globe. In 1836, he married John Pierpont Morgan's mother, Juliet. Family Life JP Morgan Jr. married Jane Norton Grew. 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 semi-retirement by the time the crisis was resolved, Morgan devoted much of his energy to his art collection and philanthropy. 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. stream In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. 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. pentecostal assemblies of the world ordination; how to start a cna school in illinois WIKITREE HOME | ABOUT | G2G FORUM | HELP | SEARCH. 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. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. 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? Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. At his death, in 1890, he left a fortune estimated at about $10,000,000. 2008 - 2023 INTERESTING.COM, INC. Samuel Spencer (1670 - 1756), my sixth great grandfather, and Morgan's third great grandfather. 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. 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 world's foremost financial figures during the two pre-World War I decades. A man always has two reasons for doing anything: a good reason and the real reason. [24], The railway boom ended in 1857 and prices collapsed, leading to rumors in London that Peabody & Co. was on the verge of failure. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. 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. 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. In 1836, he married John Pierpont Morgan's mother, Juliet. Father of John Pierpont Morgan, Sr.; Sarah Spencer Morgan; Mary Lyman Burns; Junius Spencer Morgan and Juliet Morgan GREAT NEWS! 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. {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. Junius Morgan book. Junius Spencer Morgans manor, named Salutation, is one of the few remaining estates still privately owned. junius spencer morgan great grandchildren. Son of Joseph Morgan, III and Sarah "Sally" Morgan Mountain Landscape with Bridge over Waterfall. [1] Career During his residence in Hartford, Mr. Morgan was active in the affairs of the Protestant Episcopal church, and also in various charitable enterprises. J.P. Morgan - The Life and Deals of America's Banker: Insight and Analysis into the Founder of Modern Finance and the American . 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. Aptly-named House Island comes w/ 4 houses, 5 beaches and 12.8 acres. In 1845, his father invested an additional $25,000 in the firm on Junius's behalf. 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. [40], In 1873, Morgans American presence dramatically increased after the failure of Jay Cookes banking empire. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. Junius Spencer Morgan (American) The Metropolitan Museum of Art. Sitelinks. 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 . [20] Some of Peabody's largest clients suspended business or failed entirely, and Duncan Sherman was unable to pay its remittances without assistance. . 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. Deceased persons are not concerned by this provision. discoveries. [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. 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. Junius Spencer Morgan Events. Junius Spencer Morgan, 1813-90, b. .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. The firm did a general banking and brokerage business and had a few foreign clients. 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. 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. discoveries. [22] Built around a core of booming American railway securities, the firm established itself in several other markets, including the New York money market and government finance. 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. gnalogique Dowling avec plus d'un demi-million de parents, {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. We know it's short notice, so don't fret too much. John Pierpont Morgan 1837-1913 Married in 1861, New York, NY, to Amelia . Anonymous @ 2011-12-25 19:59:00 . 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. 1785-1866 & Mary Sheldon Lord 1787-1855) with. J. Pierpont Morgan is arguably the most famous banker in American history, b. [10] [14] During the Great Depression he took heavy financial losses. 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 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. 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. Gatsby-esque Mansion on Long Island Gets $15M Chopped Off its $100M Asking Price, New York Remains the Worlds Top Super-Luxury Property Market, New York Developer Pockets $11.6 Million After SellingHisBillionaires Row Condo for 52% Gain, A One-Bedroom Inside a Mid-Century Modern Manhattan Landmark. Family Members [14][15] He was soon among the nation's financial elite. The outdoor landscaping was overseen by Frederick Law Olmsted, the celebrated landscape architect responsible for Central Park, according to Ms. Devendorf. 5 0 obj 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,