1890 death: From grandparents to grandchildren The Morgan Memorial served as a prototype for the Pierpont Morgan wing of the Metropolitan Museum of Art. Junius Spencer Morgan, 1813-90, b. Junius Spencer Morgan - Wikiwand 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 - Baby Name Meaning, Origin, and Popularity | Nameberry ; 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). John Pierpont Morgan 1837-1913 Married in 1861, New York, NY, to Amelia . Son of Joseph Morgan III and Sally (Spencer) Morgan. from Harvard University in 1914. 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. Joseph Morgan made a fortune from his holdings. [37] After the fall of Paris in January and the establishment of the Paris Commune, the bonds dropped from 80 points to 55, nearly bankrupting J.S. He founded J. S. Morgan & Co. JP Morgan Jr. Net Worth (Entrepreneur) [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. Some of Peabody's own creditors, including rival Barings Bank, demanded immediate payment on their debts. gnalogique Dowling avec plus d'un demi-million de parents, A protracted legal battle was settled when the Supreme Court ruled in favor of the government in 1904. 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. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). Posted at 21:44h in bonobos walmart acquisition by mexico city time change. He died on Monday, March 31, 1913 in Rome, Italy while attending a yacht racing event. Enter a grandparent's name. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. 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. The . The firm soon became a major player in the steel industry by financing the formation of Federal Steel in 1898. rootsweb: Click Here The Virginian-Pilot from Norfolk, Virginia on September 28, 1962 38 {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. [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. Born 14 Apr 1813 in Hartford, Hartford, Connecticut, United States. Morgan. pigella miraculous ladybug power. Submit a correction or make a comment about this profile. [49] Together, they had:[50][51], Morgan poured tremendous effort into his son and heir J. Pierpont. After all-night negotiations went nowhere, Morgan ended the stalemate by drawing up a bailout contract and ordering the exhausted presidents to sign. If so, login to add it. However, despite Morgan's best efforts to nurse his bride back to health, she passed away in February 1862. Morgan members were notable for dominating the banking industry during . Morgan & Co. into the upper ranks of international finance. Morgan's astounding success transformed the financial industry and left behind a powerful legacy. 1902. [43] At the dinner, Morgan stated:[36], "never do anything to cause evil to be spoken of the American name. L'arbre Morgan demurred but eventually accepted, joining the firm as junior partner in October 1854. Please try again. [39], Morgan was now the wealthiest American banker in London and moved into a Knightsbridge mansion facing the south side of Hyde Park. Great though his resources were, Morgan could not finance such enormous sales of stocks and bonds entirely through his own and his father's partnerships. "[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. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). The assistant librarian was Junius Spencer Morgan, nephew of wealthy financier J. P. Morgan. [33], In 1864, Morgan's ten-year agreement with Peabody expired. Though Peabody retired as promised, he denied Morgan the use of his name and capital. Born on December 3, 1702, Joseph began to learn to weave at a young age. [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. 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. 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. We are featuring this profile in the Connection Finder this week. His book collection and the building that housed them in New York City became a public reference library in 1924. 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. {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. Upon his father's death, he inherited part of Chicopee Field. Geneastars | Facebook. Biography and associated logos are trademarks of A+E Networksprotected in the US and other countries around the globe. In 1845, his father invested an additional $25,000 in the firm on Junius's behalf. Morgan successfully led the American financial communitys attempt to avert a general financial collapse following the stock market panic of 1907. Devastated, the young businessman returned to New York and plunged himself into his work. The most expensive listing in the U.S. is a West Coast home asking $350 million. The firm gave Morgan access to global markets, exporting and financing cotton and other goods shipped from Boston harbor. We may earn commission from links on this page, but we only recommend products we back. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. % All charts include source citations for ancestors in the charts. He began his career in 1857 as an accountant with the New York banking firm of Duncan, Sherman and Company, which was the American representative of the London firm George Peabody and Company. He is buried in Cedar Hill Cemetery, Hartford, Connecticut. pentecostal assemblies of the world ordination; how to start a cna school in illinois 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. Leave a message for others who see this profile. 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. The Beaux-Arts Morgan Memorial of 1910-15 was designed by Benjamin Wistar Morris. Deceased persons are not concerned by this provision. 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. Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. In 1870, after the Battle of Sedan and the establishment of a provisional French Third Republic in Tours, Barings and Rothschilds were unwilling to establish a line of credit for the new government. [14][15] He was soon among the nation's financial elite. The Beast with the Seven Heads and the Beast with Lamb's Horns 2008 - 2023 INTERESTING.COM, INC. [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. J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. 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. Cookes firm collapsed on September 18, triggering a wave of bank failures as part of the Panic of 1873. PDF By D. A. Sharpe The syndicate bought and quickly resold the bonds in early 1895, stabilizing the shaky economy. John Pierpont Morgan Jr. (1867-1943) . 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. J. P. Morgan Biography - Childhood, Life Achievements & Timeline Morgan, American family of financiers and philanthropists. Morgan's Death. 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. We are all related! 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. The Dowling Family Tree with over half a million relatives, 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 . He then acquired control of many leading financial and insurance companies. 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. Spouses, children, grandchildren and great-grandchildren. [63] Morgan was a close friend of the Whig politician and diplomat Abbott Lawrence. If not, see our friends at Ancestry DNA. They write new content and verify and edit content received from contributors. 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. [42], In 1877, Morgan began a semiretirement, cutting back on his schedule and ceding greater authority to his son. 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. 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. 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. Juliet Pierpont Morgan . Candidates . [14], On May 15,[16] 1853, at the recommendation of James Beebe, Morgan visited the American banker George Peabody in London. 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. Birth 14 April 1813 - West Springfield, Massachusetts. Adrian Wooldridge characterized Morgan as America's "greatest banker".[1]. 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. 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. ; Services to Be Held Today at Highland Falls and Here on Sunday", "J. S. Morgan Dies In Switzerland; Retired Banker Emulated Ex- ample of Uncle, the Late j. P., as Art Collector. Junius Spencer Morgan - Wikidata 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, Geneastars | Facebook. Lucy was the mother of James J. Goodwin and the Rev. J P Morgan Quotes Morgan | Encyclopedia.com Each fall, Junius made an annual trip to the United States for three months, and Pierpont traveled to London each spring. Banker J. P. Morgan Born - This Month in Business History - Research Margaret Geer Walker lives there, Anonymous @ 2021-02-06 20:05:03 . He reorganized several major railroads and became a powerful railroad magnate. Fans vent fury as Spencer Matthew's documentary Finding Michael fails An error has occured while loading the map. 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. [60], He contributed money to the Hartford Free Library,[61] his church and to Trinity College, Hartford. By estimates, there were about 150 lavish estates built during that time, the majority of which have been turned into hotels and residential compounds. The ship subsequently sank with great loss of life. [45], Morgan was "tall with sloping shoulders" and a thickening midriff, a wide face, light blue eyes, a prominent nose, and a firm mouth. contient des milliers de photos et GeneaStars. A sickly child who suffered seizures and other mysterious ailments, Pierpont, as he was known, spent long periods sheltered at home. Today it is the Morgan Library & Museum . Records: 4,977. ; The Result Of The Banker's Recent Accident At Monte Carlo", "Mrs. Morgan's Funeral. [5] He made a fortune with Aetna in 1835, when Aetna covered Wall Street firms destroyed in the Great Fire of New York. [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. 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. 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. Sitelinks. contains thousands of pictures and GeneaStars. 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. Family tree of J. P. MORGAN - Geneastar WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. junius spencer morgan great grandchildren - catip.org.pk 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. 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. Father. Beebe, Morgan and Co., became one of the largest dry-goods establishments in the United States. With his son's aid, Morgan grew his banking house into a trans-Atlantic . In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. father: Junius Spencer Morgan mother: Juliet Pierpont children: Anne Morgan, J. P. Morgan Jr., Juliet Pierpont Morgan, Louisa Pierpont Morgan Born Country: United States Bankers American Men Died on: March 31, 1913 place of death: The St. Regis Rome, Rome, Italy U.S. State: Connecticut City: Hartford, Connecticut Junius Spencer Morgan I (1813-1890) | WikiTree FREE Family Tree His paternal grandfather, Joseph, was a founder of the Aetna Insurance Company, and his father, Junius, became a partner in a successful dry goods business around the time he married Juliet Pierpont, daughter of noted minister and poet John Pierpont. He began his business career in 1829 by entering the employ of Alfred Welles, of Boston, with whom he continued until he became of age.--In July, 1834, he joined the banking-house of Morgan, Ketchum and Co., of New York, but he returned to Hartford about eighteen months later. By the early 1900s, Morgan was the main force behind the Trusts, controlling virtually all the basic American industries. [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. 1785-1866 & Mary Sheldon Lord 1787-1855) with. About: Junius Spencer Morgan - dbpedia.org Son of Junius Spencer Morgan I and Juliet (Pierpont) Morgan Brother of Sarah Spencer Morgan, Mary Lyman (Morgan) Burns, Junius Spencer Morgan II and Juliet Pierpont Morgan Husband of Amelia (Sturges) Morgan married 7 Oct 1861 in New York, USA Husband of Frances Louise (Tracy) Morgan married 31 May 1865 [location unknown] Descendants [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. Inscription: Signed in pen and black ink, at lower right, "Junius March 10 / 1902". junius spencer morgan great grandchildren. 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. 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. Morgan used his company's funds to purchase the coffee, and then sold it to local merchants for a profit. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. Signup for our newsletter to get notified about our next ride. He began his business career in 1829 by entering the employ of Alfred Welles of Boston. Omissions? [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. Morgan family - Wikipedia Pierpont, as he preferred to be known, had a varied education, due in part to interference by his father, Junius. junius spencer morgan 30 Nov. junius spencer morgan. Famouskin.com also includes ancestoral charts showing the family relationships of J.P. Morgan to many famous kin. One of the firm's two junior partners was future Governor of New York and U.S. Vice President Levi P. Articles from Britannica Encyclopedias for elementary and high school students. Morgan's grandson later recalled this as "at that time, the bitterest disappointment of his life". Please enable JavaScript in your browser's settings to use this part of Geni. The outdoor landscaping was overseen by Frederick Law Olmsted, the celebrated landscape architect responsible for Central Park, according to Ms. Devendorf. 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. " Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. In 1902, the Justice Department charged Northern Securities with violating the Sherman Antitrust Act of 1890. 3I. Junius Spencer Morgan III Wikipedia Republished // WIKI 2 Junius Spencer Morgan - The Morgan Library & Museum Morgan Family. Working with his son John Pierpont in New York, Morgan was able to receive news of the fall of Vicksburg via telegraph before it became general knowledge in London, buying up Union bonds before their prices rose. J.P. Morgan - Biography, Financier & Wealth - HISTORY Junius Spencer Morgan (1813 - 1890) - Genealogy - geni family tree When healthy, he frequented galleries and concerts with his parents, sparking a lifelong fascination with the arts. junius spencer morgan junius spencer morgan. Junius Spencer Morgan b. 1813 d. 1890 - Rodovid EN Why J. P. Morgan Jr. Was More Important Than His Father! 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. Descendants. [1] Career There is a "921 PPP Without Project Account and without ProjectBox" error that needs corrected. [70], Last edited on 25 February 2023, at 17:50, Connecticut Mutual Life Insurance Company, "J.S. junius spencer morgan junius spencer morgan - bobesich.ca The assets of the House of Morgan fell 40% from $704 million to $425 million. 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. [46], Morgan was, like his son, intensely private. [18] During this period, Morgan first met Francis M. Drexel, founder of Drexel & Company, one of Philadelphia's leading banks. Login to find your connection. Just one grandparent can lead you to many 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. 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. [65], On April 3, 1890, Morgan took an afternoon carriage ride through Monte Carlo. [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. Also in 1901, Morgan teamed with James J. Hill to form the Northern Securities Company. 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. West Springfield, Mass., prospered at investment banking. If so, login to add it. Letter from her son, J.P. Morgan, Jr., dated Oct. 1891 describes the family's new yacht, Corsair. 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. Brother of Mary (Morgan) Smith and Lucy (Morgan) Goodwin. "Go as far as you can see; when you get there, you'll be able to see farther. Nous sommes tous In September 1851, Morgan passed the entrance exam for the English High School of Boston, a school specializing in mathematics to prepare young men for careers in commerce. Ancestral pedigree chart of J.P. Morgan. He is buried in Cedar Hill Cemetery in Hartford, Connecticut.[8][9]. John Pierpont Morgan was born into a prominent New England family on April 17, 1837, in Hartford, Connecticut. J. P. Morgan shot; thirty-two caliber bullet penetrates groin - UPI Corrections? Railroad securities were further weakened by the Credit Mobilier scandal. Morgan & Co., House of Morgan) Born: 1813 Died: 1890 d. after carriage accident Gen. Pierpont Hamilton's Great-Grandfather. Design area: 5 1/4 x 8 7/16 inches (134 x 215 mm) Gift of Mr. John P. Morgan, II. 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. 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. In October 1858, Field's cable broke, delaying the project's completion another eight years until 1866. junius spencer morgan great grandchildren The TV star, who was aged just 10 when it happened, retold Alex Jones and Roman Kemp about . 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. I hire a lawyer to tell me how I can do what I want to do! Joseph Morgan (Grandfather of J. Pierpont Morgan) Biography 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. Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. 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. West Springfield, Mass., prospered at investment banking. 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. J. Pierpont Morgan is arguably the most famous banker in American history, b. [44] By the 1880s, Junius's health began to fade, and he stepped back from day-to-day business.