GROUP. 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. Father of John Pierpont Morgan, Sr.; Sarah Spencer Morgan; Mary Lyman Burns; Junius Spencer Morgan and Juliet Morgan great grandfather. 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. 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. 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. [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. examples of olympic values Likes. 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. In October 1858, Field's cable broke, delaying the project's completion another eight years until 1866. Have you taken a DNA test? 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. 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. [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. (1892 - 1960) Photos: 745. The assistant librarian was Junius Spencer Morgan, nephew of wealthy financier J. P. Morgan. I hire a lawyer to tell me how I can do what I want to do! Junius Spencer Morgan b. 1813 d. 1890 - Rodovid EN From 1854, he was partner, with George Peabody, in the English banking house of George Peabody & Co. We strive for accuracy and fairness.If you see something that doesn't look right,contact us! [45], Morgan was "tall with sloping shoulders" and a thickening midriff, a wide face, light blue eyes, a prominent nose, and a firm mouth. To commemorate his passing, the New York Stock Exchange remained closed until noon on the day of his funeral. J. P. Morgan shot; thirty-two caliber bullet penetrates groin - UPI gnalogique Dowling avec plus d'un demi-million de parents, Meanwhile, Pierpont struck up a new romance with Frances Louisa "Fanny" Tracy, the daughter of a New York lawyer. J. P. Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (18131890) and Juliet Pierpont (18161884) of Boston, Massachusetts. 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. contient des milliers de photos et GeneaStars. Astrological Sign: Aries, Death Year: 1913, Death date: March 31, 1913, Death City: Rome, Death Country: Italy, Article Title: J.P. Morgan Biography, Author: Biography.com Editors, Website Name: The Biography.com website, Url: https://www.biography.com/business-leaders/jp-morgan, Publisher: A&E; Television Networks, Last Updated: March 26, 2021, Original Published Date: April 3, 2014. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. Members of the family amassed an immense fortune over the generations, primarily through the noted work of John Pierpont (J. P.) Morgan (1837-1913). Sunset 6:13. THE DISAPPEARING DUCHESS - The New York Times 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. 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. rootsweb: Click Here John Pierpont Morgan 1837-1913 Married in 1861, New York, NY, to Amelia . [4] [5] Career. It was a question of success. With U.S. gold reserves seriously depleted, Morgan formed a syndicate of international investors willing to supply gold in exchange for a favorable rate on 30-year bonds. [42], In 1877, Morgan began a semiretirement, cutting back on his schedule and ceding greater authority to his son. They were the parents of at least 2 sons and 1 daughter. He is buried in Cedar Hill Cemetery, Hartford, Connecticut. Sarah Spencer Morgan Morgan 1839 - 1896. Hearst Magazine Media, Inc. Site contains certain content that is owned A&E Television Networks, LLC. J.P. Morgan was known for reorganizing businesses to make them more profitable and stable and gaining control of them. Also contains a letter from Junius Spencer Morgan to J. Pierpont Morgan His ornate library was built to house most of his works, which, thanks to the efforts of Jack Morgan, was unveiled to the public in the 1920s with the opening of the Morgan Library & Museum. 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. Each fall, Junius made an annual trip to the United States for three months, and Pierpont traveled to London each spring. 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. [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. 1981.2:2 . [66][67], At his funeral, the pallbearers were Roland Mather, Levi P. Morton, Anthony Joseph Drexel, Chauncey M. Depew, Cornelius Vanderbilt II, J. C. Rogers, J. Kearney Warren, and Edward John Phelps. In 1860 he became agent and attorney in the United States for George Peabody and Co., of London, which relation he has since held with that firm and its successor. The Woman Behind the Morgan Library: Belle da Costa Greene 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. PDF Descendants of John Pierpont Morgan - D.A. Sharpe J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. junius spencer morgan junius spencer morgan. pigella miraculous ladybug power. Leave a message for others who see this profile. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. Their relationship, though separated by an ocean and wildly divergent personalities, was close. PDF By D. A. Sharpe "Go as far as you can see; when you get there, you'll be able to see farther. [25], Peabody declined a conditional bailout from the major London houses which would have closed the firm, instead receiving an emergency line of credit of 800,000 from the Bank of England. A sprawling 85-acre compound on the North Shore of Long Island, New York, is hitting the market for $125 million Wednesday, Mansion Global has learned. Junius Spencer Morgan (1867-1932), Class of 1888, and A.M. 1896, was a nephew of the celebrated John Pierpont Morgan, the great financier. He was of Hartford, Conn., but later associated with the Banking-house of Peabody & Morgan of London, England, where he resided many years. 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. 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. In 1915, he married Louise, daughter of the celebrated composer Frederick S. Converse and a great-granddaughter of the "Ice King" Frederic Tudor. Primary source of wealth: J. P. Morgan & Co.. . Joseph Morgan made a fortune from his holdings. The firm did a general banking and brokerage business and had a few foreign clients. He helped to achieve railroad rate stability and discouraged overly chaotic competition in the East. Between 1885 and 1888 he extended his influence to lines based in Pennsylvania and Ohio, and after the financial panic of 1893 he was called upon to rehabilitate a large number of the leading rail lines in the country, including the Southern Railroad, the Erie Railroad, and the Northern Pacific. [5] He made a fortune with Aetna in 1835, when Aetna covered Wall Street firms destroyed in the Great Fire of New York. Major children and living persons must directly contact the. Capture a web page as it appears now for use as a trusted citation in the future. Father Joseph Morgan (Spencer) II. Wikipedia (8 entries) edit. GLEN COVE, L. I., N.Y., July 3, 1915 (UP) - John Pierpont Morgan, the financier, was shot at his summer home here shortly before 9 o'clock to-day. 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. Articles from Britannica Encyclopedias for elementary and high school students. MORGAN. 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. 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. The Beast with the Seven Heads and the Beast with Lamb's Horns junius spencer morgan great grandchildren. [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. This page has been accessed 12,698 times. If not, see our friends at Ancestry DNA. J. S. Morgan began collecting as a student, and was early attracted to Virgil probably through the influence of Dean West. Junius Spencer Morgan I (April 14, 1813 - April 8, 1890) was an American banker and financier, as well as the father of John Pierpont "J.P." Morgan and patriarch to the Morgan banking house. He died on Monday, March 31, 1913 in Rome, Italy while attending a yacht racing event. Ms. Walker couldnt immediately be reached for comment. Our editors will review what youve submitted and determine whether to revise the article. Just one grandparent can lead you to many John Pierpont Morgan (1837-1913) - WikiTree In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General . In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). In 1836, he married John Pierpont Morgan's mother, Juliet. Linked to: Timothy Michael Dowling, 6th cousin 5x removed, {{ mediasCtrl.getTitle(media, true) }} Junius Spencer Morgan - Wikidata Francis Goodwin,[59] chairman of the Hartford Parks Commission. [20] Some of Peabody's largest clients suspended business or failed entirely, and Duncan Sherman was unable to pay its remittances without assistance. 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. Through his New York social circle, Morgan grew close to Amelia "Memie" Sturges, the daughter of a successful merchant. [10] [14] During the Great Depression he took heavy financial losses. 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. [43] At the dinner, Morgan stated:[36], "never do anything to cause evil to be spoken of the American name. 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. [18] During this period, Morgan first met Francis M. Drexel, founder of Drexel & Company, one of Philadelphia's leading banks. Lucy was the mother of James J. Goodwin and the Rev. Miles Morgan]], ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. Please try again. Today it is the Morgan Library & Museum . [47] He had a "dry wit and genial manor and employed iron discipline." John Pierpont Morgan : Family tree by Tim DOWLING (tdowling) - Geneanet The syndicate bought and quickly resold the bonds in early 1895, stabilizing the shaky economy. He passed away on 19 Oct 1960 in Simcoe, Norfolk, Ontario. junius spencer morgan great grandchildren 05 Jun. He reorganized several major railroads and became a powerful railroad magnate. [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. 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. Deceased persons are not concerned by this provision. He suffered a broken wrist and concussion and was unconscious for five days until his death on April 8, 1890. We are all related! Full text of "Cynthiana democrat (The), 2014-10-16" We are all related! . The ship subsequently sank with great loss of life. 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. Pierpont, as he preferred to be known, had a varied education, due in part to interference by his father, Junius. Peabody pledged the bank could continue to use his name and if necessary, some capital. 2008 - 2023 INTERESTING.COM, INC. 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. While every effort has been made to follow citation style rules, there may be some discrepancies. 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. The map below shows the places where the ancestors of the famous person lived. 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.
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