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An error has occured while loading the map. After being recommended, Greene met with Morgan in 1905, and was hired . Father of John Pierpont Morgan, Sr.; Sarah Spencer Morgan; Mary Lyman Burns; Junius Spencer Morgan and Juliet Morgan If not, see our friends at Ancestry DNA. Login to find your connection. Thanks for your cooperation! Updates? Junius Spencer Morgan (American) The Metropolitan Museum of Art. Morgan. . IMPORTANT PRIVACY NOTICE & DISCLAIMER: YOU HAVE A RESPONSIBILITY TO USE CAUTION WHEN DISTRIBUTING PRIVATE INFORMATION. pentecostal assemblies of the world ordination; how to start a cna school in illinois A protracted legal battle was settled when the Supreme Court ruled in favor of the government in 1904. Morgan demurred but eventually accepted, joining the firm as junior partner in October 1854. Username and password are case sensitive. Adrian Wooldridge characterized Morgan as America's "greatest banker".[1]. great grandfather. [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. Anonymous @ 2011-12-25 19:59:00 . 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 reorganized several major railroads and financed industrial consolidations that formed the United States Steel, International Harvester, and General Electric corporations. [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. 2008 - 2023 INTERESTING.COM, INC. In 1886 he reorganized two more major railroads with the aim of stabilizing their financial base. Born on December 3, 1702, Joseph began to learn to weave at a young age. Charcoal and stumping on wove paper. J. P. Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. Devastated, the young businessman returned to New York and plunged himself into his work. It was this fortune which eventually placed J.P. Morgan's father, Junius Spencer Morgan, in the banking business. Geneastars | Facebook. All charts include source citations for ancestors in the charts. L'arbre [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. Enter a grandparent's name. Leave a message for others who see this profile. 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. To commemorate his passing, the New York Stock Exchange remained closed until noon on the day of his funeral. 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. {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. The yearly tax for the property is about $570,000. Morgan's grandson later recalled this as "at that time, the bitterest disappointment of his life". 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? Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. Birth 14 April 1813 - West Springfield, Massachusetts. junius spencer morgan great grandchildren 05 Jun. [31], Morgan became the active head of the firm in February 1859, with Peabody remaining the nominal senior partner. [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. Spencer was on the show to talk about his new Disney+ documentary, Finding Michael, released on Friday. 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. The . Margaret Geer Walker lives there, Anonymous @ 2021-02-06 20:05:03 . If so, login to add it. *FREE* shipping on qualifying offers. 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 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. Son of Joseph Morgan, III and Sarah "Sally" Morgan John is 18 degrees from Jennifer Aniston, 14 degrees from Drew Barrymore, 15 degrees from Candice Bergen, 16 degrees from Alexandre Dumas, 19 degrees from Carrie Fisher, 27 degrees from Whitney Houston, 15 degrees from Hayley Mills, 16 degrees from Liza Minnelli, 19 degrees from Lisa Presley, 18 degrees from Kiefer Sutherland, 17 degrees from Bill Veeck and 18 degrees from Brian Nash on our single family tree. 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. discoveries. 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. Peabody also forced unfavorable terms on Morgan's lease of the bank's 22 Old Broad Street offices. 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. 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. [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 tall man aboriginal spirit; metadata api request failed: component conversion failed: file_ended; caleb foote sandlot However, he soon encountered resistance from President Theodore Roosevelt, who sought to leverage the populist tide against the wealthy "robber barons" of Wall Street. Junius Spencer Morgan, 1813-90, b. 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. [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. John Pierpont Morgan was an American financier and investment banker during the Gilded Age. Junius Spencer Morgan 1846 - 1858. He passed away on 19 Oct 1960 in Simcoe, Norfolk, Ontario. 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. Also contains a letter from Junius Spencer Morgan to J. Pierpont Morgan They write new content and verify and edit content received from contributors. He worked at his father's bank, Peabody, Morgan & Co., and later the firms of Duncan, Sherman & Company and Dabney, Morgan, and Company. The syndicate bought and quickly resold the bonds in early 1895, stabilizing the shaky economy. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). This page has been accessed 12,698 times. He was of Hartford, Conn., but later associated with the Banking-house of Peabody & Morgan of London, England, where he resided many years. 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. Sarah Spencer Morgan Morgan 1839 - 1896. If not, see our friends at Ancestry DNA. Drexel allied his bank with Peabody's through Morgan, forming one of the most powerful and important banking alliances in American history. "Go as far as you can see; when you get there, you'll be able to see farther. John Pierpont Morgan was born in the spring of 1837 to Junius Spencer Morgan and Juliet Pierpont. 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. from Harvard University in 1914. He was a devout Episcopalian. He married in 1836 Juliet, daughter of John Pierpont, the poet (q. 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. 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. He is buried in Cedar Hill Cemetery in Hartford, Connecticut.[8][9]. 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 [14], On May 15,[16] 1853, at the recommendation of James Beebe, Morgan visited the American banker George Peabody in London. Under her ownership, the main manor was used as the setting for the remake of movie "Sabrina," a romantic comedy starring Harrison Ford and Julia Ormond. The map below shows the places where the ancestors of the famous person lived. Through his New York social circle, Morgan grew close to Amelia "Memie" Sturges, the daughter of a successful merchant. He returned to the spotlight one final time in 1912, when he testified before the Pujo Committee's congressional investigation into the collaborations of Wall Street bankers. Read reviews from world's largest community for readers. 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. Records: 4,977. 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. 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. In 1845, his father invested an additional $25,000 in the firm on Junius's behalf. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. They were the parents of at least 2 sons and 1 daughter. Letter from her son, J.P. Morgan, Jr., dated Oct. 1891 describes the family's new yacht, Corsair. 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 compound is being offered as a whole, meaning no individual houses are available for sale separately. In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General . Ms. Walker couldnt immediately be reached for comment. stream He suffered a broken wrist and concussion and was unconscious for five days until his death on April 8, 1890. Members of the family amassed an immense fortune over the generations, primarily through the noted work of John Pierpont (J. P.) Morgan (1837-1913). Cookes firm collapsed on September 18, triggering a wave of bank failures as part of the Panic of 1873. 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. Spouses, children, grandchildren and great-grandchildren. Junius Spencer Morgan was an incredibly successful banker and financier, as he founded the bank J.S. In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. [13], By February 1851, Morgan sold his stake in Howe & Mather for $600,000 and moved to Boston's Pemberton Square. Brother of Mary (Morgan) Smith and Lucy (Morgan) Goodwin. Geni requires JavaScript! CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. 5 0 obj He is buried in Cedar Hill Cemetery, Hartford, Connecticut. 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. 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. Junius Spencer Morgan Events. 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 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. Outgoing letters are addressed to her sister, Mary Kirkland Tracy. [7] Upon his death, his artwork collection was donated. Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. Get a Britannica Premium subscription and gain access to exclusive content. After the Civil War broke out, Morgan traded Union war bonds at a tremendous profit. 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. [60], He contributed money to the Hartford Free Library,[61] his church and to Trinity College, Hartford. We are all related! "[48], In 1836, Morgan married Juliet Pierpont (18161884), daughter of John Pierpont (17851866), a poet, lawyer, merchant, and Unitarian minister. Hearst Magazine Media, Inc. Site contains certain content that is owned A&E Television Networks, LLC. The ship subsequently sank with great loss of life. Samuel Spencer (1670 - 1756), my sixth great grandfather, and Morgan's third great grandfather. [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, (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. He took on a prominent role in London society, hosting many social gatherings at his homes on Hyde Park and at Roehampton.[32][33]. All Rights Reserved. J.P. Morgan - The Life and Deals of America's Banker: Insight and Analysis into the Founder of Modern Finance and the American . junius spencer morgan junius spencer morgan. Though Peabody retired as promised, he denied Morgan the use of his name and capital. [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. Morgan's astounding success transformed the financial industry and left behind a powerful legacy. 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. 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. 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. 2008 - 2023 INTERESTING.COM, INC. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. Death 8 Apr 1890 - Hartford, Hartford, Connecticut, USA. lis! 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. J P Morgan. 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. Junius S. Morgan III, U.S.N., of 'Salutation' Glen Cove, Long Island, N.Y. zoom_in 2 images. Northern Securities held the majority of shares in the Northern Pacific, the Great Northern and the CB&Q railroads, giving Morgan control of approximately one-third of the country's railways. Please enable JavaScript in your browser's settings to use this part of Geni. Peabody pledged the bank could continue to use his name and if necessary, some capital. MORGAN. Relationship with Timothy Michael Dowling (Sosa/Ahnentafel #1), Relationship with Juliet Pierpont (spouse), Browse using this individual as Sosa/Ahnentafel #1, , born 30July1816 - Baltimore, Baltimore Co., MD, deceased 23February1884 aged 67years old, List of all individuals in the family tree, {{ 'gw_downgraded_access_back_to_max'|translate }}, Born 14April1813 - West Springfield, Hampden Co., MA, Birth, death: Dowling Family Tree - Tim Dowling - rootsweb, 2001-2015 - - electronic - I42064. [33], In 1864, Morgan's ten-year agreement with Peabody expired. 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. 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. " In time Junius allowed friends to build on the island. Father. Junius Spencer Morgans manor, named Salutation, is one of the few remaining estates still privately owned. Junius Spencer Morgan III married Emma Louise Converse and had 2 children. The son of a successful financier, Junius Spencer Morgan (181390), John Pierpont Morgan was educated in Boston and at the University of Gttingen. [49] Together, they had:[50][51], Morgan poured tremendous effort into his son and heir J. Pierpont. 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 Morgan's life and career took another turn after the death of his father in 1890. Born in New York City, New York, USA on 15 MAR 1892 to John Pierpont "Jack" Morgan and Jane Norton Grew. This article was most recently revised and updated by, https://www.britannica.com/biography/J-P-Morgan, Constitutional Rights Foundation - J P Morgan, The Panic of 1907 and the Federal Reserve Act, Philanthrophy Roundtable - Biography of J. P. Morgan, NETSTATE - Biography of John Pierpont Morgan, John Pierpont Morgan - Children's Encyclopedia (Ages 8-11), J. Pierpont Morgan - Student Encyclopedia (Ages 11 and up).
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