It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. The Dowling Family Tree with over half a million relatives, Morgan was also among the foremost collectors of art and books of his day; his book collection and the building that housed it in New York City are now The Pierpont Morgan Library. " 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. We are featuring this profile in the Connection Finder this week. Junius Spencer Morgan - Alchetron, The Free Social Encyclopedia In 1902 Morgan brought together several of the leading agricultural-equipment manufacturers to form the International Harvester Company. 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 - The Morgan Library & Museum [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. Mother Sarah Sally Spencer Morgan. 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. The French prepaid the bonds in 1873, following the war, which brought their value up to par and netted Morgan 1,500,000 profit, which propelled J.S. After the Civil War broke out, Morgan traded Union war bonds at a tremendous profit. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. The ship subsequently sank with great loss of life. Family tree of J. P. MORGAN - Geneastar Early Years and Father's Death JP Morgan: Progressive Era In October 1861, Morgan married Amelia Sturges in Manhattan, New York. Morgan was born on 17 April 1837 in Hartford, Connecticut. Beebe, Morgan and Co., became one of the largest dry-goods establishments in the United States. .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. Junius - Baby Name Meaning, Origin, and Popularity | Nameberry [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. junius spencer morgan great grandchildren 05 Jun. 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. Peabody pledged the bank could continue to use his name and if necessary, some capital. 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. 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. They were the . In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. in Hartford, Connecticut, USA , United States, Died on March 31, 1913 Upon his father's death, he inherited part of Chicopee Field. The immense scope of Morgan's power came to light in the wake of the Panic of 1893. "John Pierpont Morgan (1837-1913) began his career in 1857 as an accountant, and worked for several New York banking firms until he became a partner in Drexel, Morgan and Company in 1871, which was reorganized as J.P. Morgan and Company in 1895. Records: 4,977. IMPORTANT PRIVACY NOTICE & DISCLAIMER: YOU HAVE A RESPONSIBILITY TO USE CAUTION WHEN DISTRIBUTING PRIVATE INFORMATION. However, despite Morgan's best efforts to nurse his bride back to health, she passed away in February 1862. 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. Thanks for your cooperation! Husband of Juliet (Pierpont) Morgan married 2 May 1836 in Hartford, Hartford County, Connecticut. There are no volunteers for this cemetery. ; 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). Get a Britannica Premium subscription and gain access to exclusive content. 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. Although he twice bailed out the U.S. Treasury, his ability to do so left many unsettled, spurring the creation of the Federal Reserve System in late 1913. The firm gave Morgan access to global markets, exporting and financing cotton and other goods shipped from Boston harbor. 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. J P Morgan Quotes For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. He received and A.B. Funny to see that hes my 6th cousin as Im taking a work break from sending documents to JP Morgan Chase . VIRGIL | Princeton University Library Special Collections Quick access. 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. Sunset 6:13. 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. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. Junius Spencer MORGAN 1813-1890 - Ancestry 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. He helped to achieve railroad rate stability and discouraged overly chaotic competition in the East. Junius Spencer Morgan I was an American banker and financier, as well as the father of John Pierpont "J.P." Morgan and patriarch to the Morgan banking house. 100 J P Morgan Quotes (John Pierpont Morgan Quotes) 1 2 3. A man always has two reasons for doing anything: a good reason and the real reason. In the course of these corporate restructurings, Morgan became a member of the board of directors of these and other railroads, thereby amassing great influence on them. All charts include source citations for ancestors in the charts. Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. This page was last edited on 25 February 2023, at 17:50. He began reorganizing railroads in 1885, when he arranged an agreement between two of the largest railroads in the country, the New York Central Railroad and the Pennsylvania Railroad, that minimized a potentially destructive rate war and rail-line competition between them. 5 0 obj Spouses, children, grandchildren and great-grandchildren. Mountain Landscape with Bridge over Waterfall. Major children and living persons must directly contact the. Husband of Juliet Morgan J.P. Morgan - The Life and Deals of America's Banker: Insight and Analysis into the Founder of Modern Finance and the American Banking System (Business Biographies and Memoirs - Titans of Industry) [MacGregor, JR] on Amazon.com. John Pierpont Morgan was born into a prominent New England family on April 17, 1837, in Hartford, Connecticut. 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. The yearly tax for the property is about $570,000. He was a devout Episcopalian. 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. Updates? Meanwhile, Pierpont struck up a new romance with Frances Louisa "Fanny" Tracy, the daughter of a New York lawyer. In 1864, at the urging of his father, he paired with senior partner Charles Dabney to form Dabney, Morgan & Co. With Junius Morgan now heading the London banking firm, the Morgans continued to expand their wealth and influence by funneling overseas investments into American businesses. An error has occured while loading the map. In 1902, the Justice Department charged Northern Securities with violating the Sherman Antitrust Act of 1890. [4] In 1880, he and his family were living in New York City. John Pierpont Morgan : Family tree by Tim DOWLING (tdowling) - Geneanet IMPORTANT PRIVACY NOTICE & DISCLAIMER: YOU HAVE A RESPONSIBILITY TO USE CAUTION WHEN DISTRIBUTING PRIVATE INFORMATION. The most expensive listing in the U.S. is a West Coast home asking $350 million. 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. 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. 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, Junius Origin and Meaning The name Junius is boy's name of Latin origin meaning "born in June". The son of a successful financier, Junius Spencer Morgan (181390), John Pierpont Morgan was educated in Boston and at the University of Gttingen. Omissions? [10] [14] During the Great Depression he took heavy financial losses. 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. [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 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. [47] He had a "dry wit and genial manor and employed iron discipline." Also contains a letter from Junius Spencer Morgan to J. Pierpont Morgan He contributed money to Trinity College, Hartford. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. A protracted legal battle was settled when the Supreme Court ruled in favor of the government in 1904. West Springfield, Mass., prospered at investment banking. After the death of his wife Juliet in 1884, he withdrew further from business. [43] At the dinner, Morgan stated:[36], "never do anything to cause evil to be spoken of the American name. 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. At the age of 21, he became a soldier in the company of Captain Josiah Kellogg of Suffield. 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. Along with amassing immense wealth through the creation of such corporations as U.S. Steel, Morgan led efforts to bail out the U.S. Treasury in 1895 and 1907. Save Page Now. Just do what you can. Submit a correction or make a comment about this profile. The 27,000-square-feet stone manor has grand-scale living and entertaining spaces with views of the Long Island Sound, Manhattan and Connecticut. J. P. Morgan was born in Hartford, Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts.