[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. 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. He helped to achieve railroad rate stability and discouraged overly chaotic competition in the East. By estimates, there were about 150 lavish estates built during that time, the majority of which have been turned into hotels and residential compounds. 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. The son of a successful financier, Junius Spencer Morgan (181390), John Pierpont Morgan was educated in Boston and at the University of Gttingen. Omissions? J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. the tall man aboriginal spirit; metadata api request failed: component conversion failed: file_ended; caleb foote sandlot Junius Spencer Morgan, 1813-90, b. 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. 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. Candidates . Wikipedia (8 entries) edit. After college, Junius Morgan worked as a New York banker, retiring from the field as a partner in the firm of Cuyler, Morgan & Co. in 1906. Select from premium Junius Spencer Morgan of the highest quality. We are featuring this profile in the Connection Finder this week. [7][6] He remained at the firm until his father's death in 1847. Some of Peabody's own creditors, including rival Barings Bank, demanded immediate payment on their debts. [68][69] At the Connecticut State Capitol, flags were flown at half-mast in mourning. He passed away on 19 Oct 1960 in Simcoe, Norfolk, Ontario. Morgan's grandson later recalled this as "at that time, the bitterest disappointment of his life". As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. Just do what you can. [6], Morgan enjoyed collecting expensive and valuable paintings and gems and was passionate about yacht racing. 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. I hire a lawyer to tell me how I can do what I want to do! [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. John Pierpont Morgan 1837-1913 Married in 1861, New York, NY, to Amelia . 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. [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. [35], Still, Morgan was ambitious to place his bank on par with the Rothschilds and Barings Bank. The Beaux-Arts Morgan Memorial of 1910-15 was designed by Benjamin Wistar Morris. Dowling And I saw, and behold, a pale horse, and its rider's name was Death, and Hades followed him; and they were given great power over a fourth of the earth; to kill with sword and with famine and with pestilence and by wild beasts of the earth." . Cloudy and con- tii.upd cool Warren Temp.. Hig-h iO: Low 35. 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. During 186471 he was a member of the firm of Dabney, Morgan and Company, and in 1871 he became a partner in the New York City firm of Drexel, Morgan and Company, which soon became the predominant source of U.S. government financing. Touring the world with friends one mile and pub at a time; southlake carroll basketball. Death 8 Apr 1890 - Hartford, Hartford, Connecticut, USA. 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. Between now and Wednesday is a good time to take a look at the sources and biography to see if there are updates and improvements that need made, especially those that will bring it up to WikiTree Style Guide standards. Sunset 6:13. 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. J. S. Morgan began collecting as a student, and was early attracted to Virgil probably through the influence of Dean West. Capture a web page as it appears now for use as a trusted citation in the future. from Harvard University in 1914. [42], In 1877, Morgan began a semiretirement, cutting back on his schedule and ceding greater authority to his son. He founded J. S. Morgan & Co. 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. Brother of Archilles Morgan; Lucy Goodwin and Mary Morgan, http://en.wikipedia.org/wiki/Junius_Spencer_Morgan. Mary Lyman Morgan Burns 1844 - 1919. L'arbre 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. In October 1858, Field's cable broke, delaying the project's completion another eight years until 1866. junius spencer morgan great grandchildren 05 Jun. Junius Spencer Morgans manor, named Salutation, is one of the few remaining estates still privately owned. Initially a smart but indifferent student, he began showing improved grades by the time he attended English High School in Boston. There are no volunteers for this cemetery. Family Life JP Morgan Jr. married Jane Norton Grew. Ms. Devendorf declined to confirm Ms. Walker as the owner of the property. J. P. Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. They write new content and verify and edit content received from contributors. 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. The assistant librarian was Junius Spencer Morgan, nephew of wealthy financier J. P. Morgan. He attended Harvard University during the early-to-mid 1880s. Have you taken a DNA test? [70], Last edited on 25 February 2023, at 17:50, Connecticut Mutual Life Insurance Company, "J.S. discoveries. Design area: 5 1/4 x 8 7/16 inches (134 x 215 mm) Gift of Mr. John P. Morgan, II. In 1907, Morgan again was called to aid the U.S. government in the grips of economic panic. lis! The Morgan family was an American financial and banking dynasty, which became prominent in the U.S. and throughout the world in the late 19th century and early 20th century. 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. J. P. Morgan was born in Hartford, Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. He married in 1836 Juliet, daughter of John Pierpont, the poet (q. IMPORTANT PRIVACY NOTICE & DISCLAIMER: YOU HAVE A RESPONSIBILITY TO USE CAUTION WHEN DISTRIBUTING PRIVATE INFORMATION. Harriet Nickerson , William Lord, Alice Anna GAYLORD , Richard TREAT, Blanche de BRIENNE , Guillaume de FIENNES, Elizabeth x , Nathan Lynde. All charts include source citations for ancestors in the charts. When healthy, he frequented galleries and concerts with his parents, sparking a lifelong fascination with the arts. Morton. In 1915, he married Louise, daughter of the celebrated composer Frederick S. Converse and a great-granddaughter of the "Ice King" Frederic Tudor. In October 1861, Morgan married Amelia Sturges in Manhattan, New York. He later attended high school in Boston, specializing in mathematics. Lucy was the mother of James J. Goodwin and the Rev. 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. 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. However, despite Morgan's best efforts to nurse his bride back to health, she passed away in February 1862. 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. Submit a correction or make a comment about this profile. In 1903, J.P. Morgan & Co. was appointed fiscal agent for a newly independent Panama, with responsibilities that included overseeing the transfer of $40 million to the New Panama Canal Co. Leave a message for others who see this profile. The Dowling Family Tree with over half a million relatives, Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. contient des milliers de photos et GeneaStars. Hearst Magazine Media, Inc. Site contains certain content that is owned A&E Television Networks, LLC. Thanks for your cooperation! 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. With his son's aid, Morgan grew his banking house into a trans-Atlantic financial empire that included firms in London, New York City, Philadelphia, and Paris. 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. Posted at 21:44h in bonobos walmart acquisition by mexico city time change. Just one grandparent can lead you to many 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. He headed a group of bankers who took in large government deposits and decided how the money was to be used for purposes of financial relief, thereby preserving the solvency of many major banks and corporations. As they sailed up and down the Hudson River, Morgan made it clear that the yacht would not return to port until they reached a compromise that fostered suitable competition. JP Morgan Jr.'s son Henry co-founded the Morgan Stanley financial corporation with Harold Stanley. It became J.P. Morgan and Company in 1895 and is now JPMorgan Chase & Co. 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. 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. "[43][36], As Junius took a less active role and Pierpont continued to accrue massive profits, the balance of power within the Morgan empire shifted from London to New York City. The outdoor landscaping was overseen by Frederick Law Olmsted, the celebrated landscape architect responsible for Central Park, according to Ms. Devendorf. Upon his father's death, he inherited part of Chicopee Field. 5 0 obj J.P. Morgan was known for reorganizing businesses to make them more profitable and stable and gaining control of them. Junius Spencer Morgan (1867-1932), Class of 1888, and A.M. 1896, was a nephew of the celebrated John Pierpont Morgan, the great financier. After Junius's move to London, Pierpont was his father's primary source of intelligence on American conditions. Quick access. He is buried in Cedar Hill Cemetery, Hartford, Connecticut. He died on Monday, March 31, 1913 in Rome, Italy while attending a yacht racing event. 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. Having financed the creation of the Federal Steel Company in 1898, Morgan in 1901 joined in merging it with the giant Carnegie Steel Company and other steel companies to form United States Steel Corporation, which was the worlds first billion-dollar corporation. Morgan's life and career took another turn after the death of his father in 1890. 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. [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. Junius Spencer Morgan 1846 - 1858. Morgan III. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. Father. 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. Their relationship, though separated by an ocean and wildly divergent personalities, was close. The TV star, who was aged just 10 when it happened, retold Alex Jones and Roman Kemp about . Joseph Morgan made a fortune from his holdings. [47] He had a "dry wit and genial manor and employed iron discipline." 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. 1902. Ancestors. Husband of Juliet Morgan There is 1 volunteer for this cemetery. Outgoing letters are addressed to her sister, Mary Kirkland Tracy. [24], The railway boom ended in 1857 and prices collapsed, leading to rumors in London that Peabody & Co. was on the verge of failure. He was named after his maternal grandfather, and much like his Uncle Pierpont, he was a great collector. rootsweb: Click Here Following a decade of railroad consolidation, he broke new ground by arranging the merger of Edison General Electric and Thomson-Houston Company to form General Electric in 1892. The couple had five children: Junius, Henry, Jane, and Frances lived to adulthood, but Alice died of typhoid fever. Wrong username or password. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. 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. [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 firm soon became a major player in the steel industry by financing the formation of Federal Steel in 1898. This page was last edited on 25 February 2023, at 17:50. The Morgan Memorial served as a prototype for the Pierpont Morgan wing of the Metropolitan Museum of Art. He also financed industrial consolidations that formed General Electric, U.S. Steel, and International Harvester. ; 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). Junius Spencer Morgan I. The yearly tax for the property is about $570,000. Morgan & Co. Morgan sought to prop up the price by purchasing as many bonds as he could. 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. Ms. Walker couldnt immediately be reached for comment. 3I. In 1836, he married John Pierpont Morgan's mother, Juliet. Miles Morgan, ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. In 1886 he reorganized two more major railroads with the aim of stabilizing their financial base. 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. 1890 death: From grandparents to grandchildren 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. Birth 14 April 1813 - West Springfield, Massachusetts. 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. 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. WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. The map below shows the places where the ancestors of the famous person lived. Contents Early life Career Personal life References Early life Morgan was born on April 14, 1813 in Holyoke, Massachusetts. Nous sommes tous Pierpont also joined Drexel's Philadelphia firm and his Paris firm, giving the Morgans footholds in four cities. great grandfather. [5] He made a fortune with Aetna in 1835, when Aetna covered Wall Street firms destroyed in the Great Fire of New York. Deceased persons are not concerned by this provision. 1813 birth: . 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. Nous sommes tous 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. Junius Spencer Morgan, 1813-90, b. << /Length 6 0 R /Filter /FlateDecode >> 1844 d. 1919. He began his business career in 1829 by entering the employ of Alfred Welles of Boston.
