The Morgan Mansion was built in 1897 by Junius Spencer Morgan and Josephine Perry Morgan. 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. We are all related! junius spencer morgan great grandchildren 05 Jun. His success emboldened him to strike out on his own, and he continued to work with his father after founding J. Pierpont Morgan & Co. in the early 1860s. [8] He continued traveling to collect debts and purchase cotton through the ongoing depression into the 1840s, continuing to grow his reputation as a businessman in Hartford. The PEDIGREE of Junius Spencer MORGAN (major banker; founder & eponym of J.S. Continuing with this request will add an alert to the cemetery page and any new volunteers will . %PDF-1.3 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. Two years later, in 1892, Jack Morgan returned to the US and became a partner at Drexel, Morgan & Co., the bank his father co-founded with Pittsburgh banker Anthony Drexel. 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. Linked to: Timothy Michael Dowling, 6th cousin 5x removed, {{ mediasCtrl.getTitle(media, true) }} The couple had five children: Junius, Henry, Jane, and Frances lived to adulthood, but Alice died of typhoid fever. Sitelinks. 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. At his death, in 1890, he left a fortune estimated at about $10,000,000. 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. Birth 14 April 1813 - West Springfield, Massachusetts. Primary source of wealth: J. P. Morgan & Co.. . 5 0 obj Charcoal and stumping on wove paper. Margaret Geer Walker lives there, Anonymous @ 2021-02-06 20:05:03 . 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 . Morgan led a syndicated bond issue of 10,000,000, which the syndicate sold at 15 points below par. Junius Spencer Morgan III married Emma Louise Converse and had 2 children. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. contains thousands of pictures and GeneaStars. "The Print in the North," May 6 . 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. *FREE* shipping on qualifying offers. Son of Joseph Morgan III and Sally (Spencer) Morgan. In 1845, his father invested an additional $25,000 in the firm on Junius's behalf. 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#. 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. Leave a message for others who see this profile. Beebe, Morgan and Co., became one of the largest dry-goods establishments in the United States. Family Life JP Morgan Jr. married Jane Norton Grew. Spencer was on the show to talk about his new Disney+ documentary, Finding Michael, released on Friday. 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. Juliet Pierpont 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. 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. Junius Spencer. 3I. He married Emma Louise Converse on 16 June 1915, in Saint Pauls Episcopal Church, Millis, Norfolk, Massachusetts, United States. [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. J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. Morgan's already successful career took a leap forward in 1879 when William Vanderbilt approached him about the sale of 250,000 shares of stock in the New York Central Railroad. DISCLAIMER: The currency conversion is provided for illustration purposes only. rootsweb: Click Here 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. Sorry! Railroad securities were further weakened by the Credit Mobilier scandal. [49] Together, they had:[50][51], Morgan poured tremendous effort into his son and heir J. Pierpont. . WARREN TIMES-MIRROR The Only Paper in Many Hom es Th One Paper in Most Honnes (>0()l> E \ ENTNG Hincp .scientists are so good at digging up things, we suggest tliey turn their efforti- to more ration points. In 1907, Hartford-born J. Pierpont "J.P." Morgan, a Gilded Age banking tycoon, proposed building the Junius Spencer Morgan Memorial in his father's honor. 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. ", Hartford, Hartford, Connecticut, United States, (datadoctor, removed unused span anchors), https://en.wikipedia.org/w/index.php?title=J._P._Morgan&oldid=1125408302, https://familysearch.org/ark:/61903/1:1:F7QQ-29K, https://familysearch.org/ark:/61903/1:1:248M-R83, https://familysearch.org/ark:/61903/1:1:F7NY-S4N, https://familysearch.org/ark:/61903/1:1:QVJ1-BR14, https://familysearch.org/ark:/61903/1:1:QVSF-N7CT, U.S. and International Marriage Records, 1560-1900. "[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. 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. The son of a successful financier, Junius Spencer Morgan (181390), John Pierpont Morgan was educated in Boston and at the University of Gttingen. It was a question of success. 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. lis! 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. Inscription: Signed in pen and black ink, at lower right, "Junius March 10 / 1902". Geni requires JavaScript! Joseph personally bought the stakes of Aetna investors who hesitated to pay on the policies. walmart springfield, mo tire and lube hours . Morgan's astounding success transformed the financial industry and left behind a powerful legacy. Our editors will review what youve submitted and determine whether to revise the article. 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. Adrian Wooldridge characterized Morgan as America's "greatest banker".[1]. Junius Spencer Morgan (American) The Metropolitan Museum of Art. If so, login to add it. 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. 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. In time Junius allowed friends to build on the island. 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. While every effort has been made to follow citation style rules, there may be some discrepancies. 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. 1844 d. 1919. Wife/Partner: Juliet PIERPONT Children: John Pierpont MORGAN ; Mary Lyman (m. Walter Hayes Burns) Ancestral pedigree chart of J.P. Morgan. [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. ; 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). Morgan's life and career took another turn after the death of his father in 1890. Morgan, American family of financiers and philanthropists. A protracted legal battle was settled when the Supreme Court ruled in favor of the government in 1904. 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. Born 14 Apr 1813 in Hartford, Hartford, Connecticut, United States. contient des milliers de photos et GeneaStars. Some of Peabody's own creditors, including rival Barings Bank, demanded immediate payment on their debts. Articles from Britannica Encyclopedias for elementary and high school students. (1892 - 1960) Photos: 745. In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. [3], Junius's father Joseph was a soldier in the Revolutionary Army and farmer in West Springfield, Massachusetts. 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. Junius Spencer Morgan III (1892-1960) Capt. 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. [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. 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. -- PBS Online, 1999, {{ mediasCtrl.getTitle(media, true) }} Quick access. 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. At the age of 21, he became a soldier in the company of Captain Josiah Kellogg of Suffield. John Pierpont Morgan 1837-1913 Married in 1861, New York, NY, to Amelia . [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. Login to find your connection. 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. Contents Early life Career Personal life References Early life Morgan was born on April 14, 1813 in Holyoke, Massachusetts. This page was last edited on 25 February 2023, at 17:50. 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. 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. 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. 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. The firm did a general banking and brokerage business and had a few foreign clients. Mary Lyman Morgan Burns 1844 - 1919. Morgan was born on April 14, 1813, in Holyoke, Massachusetts to Joseph and Sarah Morgan. Junius S. Morgan III, U.S.N., of 'Salutation' Glen Cove, Long Island, N.Y. zoom_in 2 images. [15] Cloudy and con- tii.upd cool Warren Temp.. Hig-h iO: Low 35. Ancestors. 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. Morgan III. 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. Let us know if you have suggestions to improve this article (requires login). % [63] Morgan was a close friend of the Whig politician and diplomat Abbott Lawrence. "It takes a very special buyer for this trophy property," Ms. Devendorf said, "But its a once-in-a-lifetime opportunity. It became J.P. Morgan and Company in 1895 and is now JPMorgan Chase & Co. He is buried in Cedar Hill Cemetery in Hartford, Connecticut.[8][9]. In October 1858, Field's cable broke, delaying the project's completion another eight years until 1866. Please refer to the appropriate style manual or other sources if you have any questions. [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. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. Sunrise 7:55. Junius Spencer Morgan and his family lived on the island for decades. [14], On May 15,[16] 1853, at the recommendation of James Beebe, Morgan visited the American banker George Peabody in London. [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. 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. Enter a grandparent's name. J P Morgan. 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. After the death of his wife Juliet in 1884, he withdrew further from business. in Hartford, Connecticut, USA , United States, Died on March 31, 1913 His book collection and the building that housed them in New York City became a public reference library in 1924. Junius Spencer Morgans manor, named Salutation, is one of the few remaining estates still privately owned. contains thousands of pictures and GeneaStars. He received an A.B. Junius is one of those names that's growing on us, along with many of its Roman countrymen such as Julius and Atticus. [1] Career The iron business had drawn the firm into greater involvement in financing American railway construction, including as the initial offeror of bonds for the Ohio and Mississippi Rail Road Company in 1853. Morgan. His paternal grandparents were Junius Spencer Morgan (1813-1890) [3] and Juliet Pierpont (1816-1884), the daughter of John Pierpont. [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. The assets of the House of Morgan fell 40% from $704 million to $425 million. They were the . Letter from her son, J.P. Morgan, Jr., dated Oct. 1891 describes the family's new yacht, Corsair. pentecostal assemblies of the world ordination; how to start a cna school in illinois 1981.2:2 . GREAT NEWS! 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. He helped to achieve railroad rate stability and discouraged overly chaotic competition in the East. [4] [5] Career. Miles Morgan]], ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. the tall man aboriginal spirit; metadata api request failed: component conversion failed: file_ended; caleb foote sandlot 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. This page has been accessed 12,698 times. 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. 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 . Enter a grandparent's name. "Go as far as you can see; when you get there, you'll be able to see farther. from Harvard University in 1914. Shares the stories you may have missed from the world of luxury real estate. Major children and living persons must directly contact the. The carriage hit a pile of stone and Morgan was thrown against the wall. 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. She married George Hale Morgan on 27 June 1866, in Connecticut, United States. They write new content and verify and edit content received from contributors. Just do what you can. 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, ; The Result Of The Banker's Recent Accident At Monte Carlo", "Mrs. Morgan's Funeral. Juliet Pierpont Morgan (18471923), who was the mother of John Junius Morgan (d. 1952). Juliet Morgan Anne Morgan: Cha m: Junius Spencer Morgan Juliet Pierpont: John Pierpont "J.P." Morgan (17/4/1837 - 31/3/1913) l nh kinh doanh, ti chnh, t thin v su tp ngh thut ngi M, v l ngi c vai tr to ln trong nn ti chnh v cng nghip Hoa K cui th k 19. [23], By 1856, Peabody was confident enough in Morgan to leave him in sole care of the business while Peabody took an extended tour of the United States. Their relationship, though separated by an ocean and wildly divergent personalities, was close. Hearst Magazine Media, Inc. Site contains certain content that is owned A&E Television Networks, LLC. 1844 child birth: Mary Lyman Morgan b. Lucy was the mother of James J. Goodwin and the Rev. 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.
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