In 1915, he married Louise, daughter of the celebrated composer Frederick S. Converse and a great-granddaughter of the "Ice King" Frederic Tudor. 1981.2:2 . 1813 birth: . He returned to the United States in 1857, and entered the banking-firm of Duncan, Sherman and Co., of New York. With his son's aid, Morgan grew his banking house into a trans-Atlantic . J. S. Morgan began collecting as a student, and was early attracted to Virgil probably through the influence of Dean West. Drexel allied his bank with Peabody's through Morgan, forming one of the most powerful and important banking alliances in American history. [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. Meanwhile, Pierpont struck up a new romance with Frances Louisa "Fanny" Tracy, the daughter of a New York lawyer. Harriet Nickerson , William Lord, Alice Anna GAYLORD , Richard TREAT, Blanche de BRIENNE , Guillaume de FIENNES, Elizabeth x , Nathan Lynde. 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. Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. Major children and living persons must directly contact the. John Pierpont Morgan 1837-1913 Married in 1861, New York, NY, to Amelia . 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. 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. Philanthropist, Industrialist, Businessman, American financier, banker, philanthropist and art collector, Born on April 17, 1837 The TV star, who was aged just 10 when it happened, retold Alex Jones and Roman Kemp about . After the death of his wife Juliet in 1884, he withdrew further from business. Our editors will review what youve submitted and determine whether to revise the article. Morgan & Co. Morgan sought to prop up the price by purchasing as many bonds as he could. Morgan & Co. into the upper ranks of international finance. Also contains a letter from Junius Spencer Morgan to J. Pierpont Morgan When Junius Spencer Morgan III was born on 15 March 1892, in London, England, United Kingdom, his father, John Pierpont "Jack" Morgan Jr., was 24 and his mother, Jane Norton Grew, was 23. 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. If not, see our friends at Ancestry DNA. 1892-1960. 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. contains thousands of pictures and GeneaStars. In 1886 he reorganized two more major railroads with the aim of stabilizing their financial base. 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. Continuing with this request will add an alert to the cemetery page and any new volunteers will . DISCLAIMER: The currency conversion is provided for illustration purposes only. 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. Today it is the Morgan Library & Museum . The immense scope of Morgan's power came to light in the wake of the Panic of 1893. An error has occured while loading the map. Anonymous @ 2011-12-25 19:59:00 . You can't pick cherries with your back to the tree. Just one grandparent can lead you to many 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. Some of Peabody's own creditors, including rival Barings Bank, demanded immediate payment on their debts. Morgan's Death. All for $5.95M https://t.co/apeTdEMi21 pic.twitter.com/Ttwvmu2BTU. Devastated, the young businessman returned to New York and plunged himself into his work. 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. The most expensive listing in the U.S. is a West Coast home asking $350 million. [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. The compound is being offered as a whole, meaning no individual houses are available for sale separately. Mother Sarah Sally Spencer Morgan. [6], In April 1833, Alfred Welles offered Morgan a partnership in his firm; he accepted against his father's wishes. Geneastars | Facebook. 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 received and A.B. 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). While every effort has been made to follow citation style rules, there may be some discrepancies. Spouses, children, grandchildren and great-grandchildren. We may earn commission from links on this page, but we only recommend products we back. At his death, in 1890, he left a fortune estimated at about $10,000,000. Founder of United States Steel Corporation. He reorganized several major railroads and became a powerful railroad magnate. discoveries. Enter a grandparent's name. 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. ", Delivers the most important property news around the world to your inbox each weekday, COPYRIGHT 2023 MANSION GLOBAL. Together they had three children: Sarah Spencer Morgan, Alexander Perry Morgan and Lucrutia Morgan who died at birth. Lucy was the mother of James J. Goodwin and the Rev. 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. Junius Spencer. Outgoing letters are addressed to her sister, Mary Kirkland Tracy. [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. Primary source of wealth: J. P. Morgan & 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. In the mid-20th century, he started to allow his friends and family to build houses on there, each with five or six acres of land. Morgan demurred but eventually accepted, joining the firm as junior partner in October 1854. The would-be assassin, apparently of German . Sitelinks. Pierpont also joined Drexel's Philadelphia firm and his Paris firm, giving the Morgans footholds in four cities. Juliet Pierpont Morgan (18471923), who was the mother of John Junius Morgan (d. 1952). xZnH}WA'd6;O$6'vO@^JdISkbHMa,x[~0=n1?X)7_+qVEEMXXww4Lsv1Mn.cqn^U$Xu%*9Id)]Jofwew Sw[:g0v=}!][m2"g coy/;_-vyzeKA^ZXI90p/>v0`9^L\Pz?/&opME4qB5,7~iMMnbx/_?c1ouGQEQ|gg &HrI(yM^?;eT'QSl#c' O#. [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. Omissions? After all-night negotiations went nowhere, Morgan ended the stalemate by drawing up a bailout contract and ordering the exhausted presidents to sign. All Rights Reserved. There are no volunteers for this cemetery. 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. When Sarah Spencer Morgan was born on 5 December 1839, in Hartford, Hartford, Connecticut, United States, her father, Junius Spencer Morgan Sr., was 26 and her mother, Juliet Pierpont, was 23. [14][15] He was soon among the nation's financial elite. 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. [62], Like his father, Morgan was a strong supporter of the Whig Party. Cloudy and con- tii.upd cool Warren Temp.. Hig-h iO: Low 35. [43] At the dinner, Morgan stated:[36], "never do anything to cause evil to be spoken of the American name. 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. 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. In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. Junius Origin and Meaning The name Junius is boy's name of Latin origin meaning "born in June". 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. 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. pigella miraculous ladybug power. Descendants. This earned Morgan the occasional distrust of the federal government and the enmity of reformers and muckrakers throughout the country, but he remained the dominant figure in American capitalism until his death in 1913. L'arbre Family Members 5 0 obj Design area: 5 1/4 x 8 7/16 inches (134 x 215 mm) Gift of Mr. John P. Morgan, II. Sorry! They were the . Francis Goodwin,[59] chairman of the Hartford Parks Commission. [18] During this period, Morgan first met Francis M. Drexel, founder of Drexel & Company, one of Philadelphia's leading banks. The couple had five children: Junius, Henry, Jane, and Frances lived to adulthood, but Alice died of typhoid fever. Junius is one of those names that's growing on us, along with many of its Roman countrymen such as Julius and Atticus. Junius Spencer Morgan, 1813-90, b. J. P. Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. The executives eventually agreed to terms in what became known as the Corsair Compact. Let us know if you have suggestions to improve this article (requires login). Geneastars | Facebook. Just do what you can. MORGAN. rootsweb: Click Here [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. 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. The firm soon became a major player in the steel industry by financing the formation of Federal Steel in 1898. 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. He was interred at the family lot in Cedar Hill Cemetery in Hartford. 1902. The 27,000-square-feet stone manor has grand-scale living and entertaining spaces with views of the Long Island Sound, Manhattan and Connecticut. 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. 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. [63] Morgan was a close friend of the Whig politician and diplomat Abbott Lawrence. Read reviews from world's largest community for readers. 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. 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. GREAT NEWS! 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. junius spencer morgan great grandchildren. 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. [24], The railway boom ended in 1857 and prices collapsed, leading to rumors in London that Peabody & Co. was on the verge of failure. [44] By the 1880s, Junius's health began to fade, and he stepped back from day-to-day business. 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. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. Submit a correction or make a comment about this profile. Morgan members were notable for dominating the banking industry during . aged 75years old. Select from premium Junius Spencer Morgan of the highest quality. The Morgan Mansion was built in 1897 by Junius Spencer Morgan and Josephine Perry Morgan. Death 8 Apr 1890 - Hartford, Hartford, Connecticut, USA. 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. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. He died in Rome in 1913, leaving behind a world-renowned art collection and a business that remained a financial powerhouse into the 21st century. 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. He founded J. S. Morgan & Co. Peabody, who was in poor health,[16] offered Morgan to join his banking house as a junior partner, to be made the senior partner upon Peabody's retirement in ten years. Under this name the house has grown in strength and influence until at present it ranks among the great banking-houses of the world. Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. [40], In 1873, Morgans American presence dramatically increased after the failure of Jay Cookes banking empire. 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. 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 . The assistant librarian was Junius Spencer Morgan, nephew of wealthy financier J. P. Morgan. Famouskin.com also includes ancestoral charts showing the family relationships of J.P. Morgan to many famous kin. 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. -- PBS Online, 1999, {{ mediasCtrl.getTitle(media, true) }} 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. 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? J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. gnalogique Dowling avec plus d'un demi-million de parents, IMPORTANT PRIVACY NOTICE & DISCLAIMER: YOU HAVE A RESPONSIBILITY TO USE CAUTION WHEN DISTRIBUTING PRIVATE INFORMATION. Junius Spencer Morgan 1846 - 1858. Please enable JavaScript in your browser's settings to use this part of Geni. WIKITREE HOME | ABOUT | G2G FORUM | HELP | SEARCH. Through a system of interlocking memberships on the boards of companies he had reorganized or influenced, Morgan and his banking house achieved a top-heavy concentration of control over some of the nations leading corporations and financial institutions. Also in 1901, Morgan teamed with James J. Hill to form the Northern Securities Company. 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. Peabody also forced unfavorable terms on Morgan's lease of the bank's 22 Old Broad Street offices. 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. [33], In 1864, Morgan's ten-year agreement with Peabody expired. Junius Spencer Morgan I. Shares the stories you may have missed from the world of luxury real estate. 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. junius spencer morgan great grandchildren 05 Jun. 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. We strive for accuracy and fairness.If you see something that doesn't look right,contact us! The estate, located near Glen Cove, also has a remarkable history. The estate will join a handful of nine-figure properties across the U.S., including two in the Hamptons on Long Island: the former Ford family estate listed for $175 million and another oceanfront estate asking $150 million. 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. However, he soon encountered resistance from President Theodore Roosevelt, who sought to leverage the populist tide against the wealthy "robber barons" of Wall Street. John Pierpont Morgan was an American financier and investment banker during the Gilded Age. Login to find your connection. Get a Britannica Premium subscription and gain access to exclusive content. 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. It was this fortune which eventually placed J.P. Morgan's father, Junius Spencer Morgan, in the banking business. IMPORTANT PRIVACY NOTICE & DISCLAIMER: YOU HAVE A RESPONSIBILITY TO USE CAUTION WHEN DISTRIBUTING PRIVATE INFORMATION. Morgan's life and career took another turn after the death of his father in 1890. [66], At his death, he left a fortune of $12,400,000 (equivalent to $370,000,000 today). [15] 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. Mary Lyman Morgan Burns 1844 - 1919. Records: 4,977. J. P. Morgan. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. Morgan was born on 17 April 1837 in Hartford, Connecticut. 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. Morgan's astounding success transformed the financial industry and left behind a powerful legacy. J.P. Morgan - The Life and Deals of America's Banker: Insight and Analysis into the Founder of Modern Finance and the American . Enter a grandparent's name. junius spencer morgan great grandchildren. Junius is 18 degrees from Jennifer Aniston, 15 degrees from Drew Barrymore, 16 degrees from Candice Bergen, 17 degrees from Alexandre Dumas, 18 degrees from Carrie Fisher, 27 degrees from Whitney Houston, 14 degrees from Hayley Mills, 16 degrees from Liza Minnelli, 18 degrees from Lisa Presley, 18 degrees from Kiefer Sutherland, 18 degrees from Bill Veeck and 18 degrees from Brian Nash on our single family tree. Save Page Now. Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. Leave a message for others who see this profile. He also purchased Dover House in Roehampton. junius spencer morgan 30 Nov. junius spencer morgan. He became a partner in mercantile firms in Hartford, Conn., and in Boston and then (1854) went to London to become a partner of George Peabody. Junius Spencer Morgan and his family lived on the island for decades. Morgan, American family of financiers and philanthropists. 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. 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. John Pierpont Morgan was born in the spring of 1837 to Junius Spencer Morgan and Juliet Pierpont. [4] In 1880, he and his family were living in New York City. Find Junius Spencer Morgan stock photos and editorial news pictures from Getty Images. 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. gnalogique Dowling avec plus d'un demi-million de parents, We are not responsible for any loss that you may incur as a result of relying on these currency conversions. junius spencer morgan junius spencer morgan. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. Railroad securities were further weakened by the Credit Mobilier scandal. Dowling % She married George Hale Morgan on 27 June 1866, in Connecticut, United States. He was a devout Episcopalian. Morgan used his company's funds to purchase the coffee, and then sold it to local merchants for a profit. He took on a prominent role in London society, hosting many social gatherings at his homes on Hyde Park and at Roehampton.[32][33]. 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. Margaret Geer Walker lives there, Anonymous @ 2021-02-06 20:05:03 . Mountain Landscape with Bridge over Waterfall. 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. More:Gatsby-esque Mansion on Long Island Gets $15M Chopped Off its $100M Asking Price. 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.
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