Lithuanian Surname Dictionary, John Mccall Texas, Articles J

Initially a smart but indifferent student, he began showing improved grades by the time he attended English High School in Boston. He became the junior partner of the banking-firm of Dabney, Morgan and Co. in 1864, and that of Drexel, Morgan and Co. in 1871. 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. [65], On April 3, 1890, Morgan took an afternoon carriage ride through Monte Carlo. Each fall, Junius made an annual trip to the United States for three months, and Pierpont traveled to London each spring. Family Life JP Morgan Jr. married Jane Norton Grew. 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. After all-night negotiations went nowhere, Morgan ended the stalemate by drawing up a bailout contract and ordering the exhausted presidents to sign. 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. Morgan successfully led the American financial communitys attempt to avert a general financial collapse following the stock market panic of 1907. Family Members Though Peabody retired as promised, he denied Morgan the use of his name and capital. The estate, located near Glen Cove, also has a remarkable history. Just one grandparent can lead you to many 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. Also in 1901, Morgan teamed with James J. Hill to form the Northern Securities Company. In addition to consolidating and controlling several railroads and industries, J.P. Morgan led in resupplying the U.S. Treasurys gold reserve during the depression that followed the panic of 1893 and organized the financial community in averting a financial collapse after the market panic of 1907. The yearly tax for the property is about $570,000. ; 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). The compound is being offered as a whole, meaning no individual houses are available for sale separately. After college, Junius Morgan worked as a New York banker, retiring from the field as a partner in the firm of Cuyler, Morgan & Co. in 1906. lis! Francis Goodwin,[59] chairman of the Hartford Parks Commission. 100 1 _ a Morgan, Junius Spencer, d 1892-1960 4xx's: Alternate Name Forms (3) 400 0 _ a Junius Spencer Morgan III c American banker (1892-1960) Harriet Nickerson , William Lord, Alice Anna GAYLORD , Richard TREAT, Blanche de BRIENNE , Guillaume de FIENNES, Elizabeth x , Nathan Lynde. [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. Morgan Family. In 1915, he married Louise, daughter of the celebrated composer Frederick S. Converse and a great-granddaughter of the "Ice King" Frederic Tudor. 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. 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. [2], The Morgan name is traced to Carmarthen, Wales, with his earliest known ancestor being Hyfaidd ap Bleddri, third son of Bledri ap Cydifor of Wales. After the death of his wife Juliet in 1884, he withdrew further from business. In October 1861, Morgan married Amelia Sturges in Manhattan, New York. [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. [49] Together, they had:[50][51], Morgan poured tremendous effort into his son and heir J. Pierpont. [13], By February 1851, Morgan sold his stake in Howe & Mather for $600,000 and moved to Boston's Pemberton Square. When his horses bolted at an oncoming train, Morgan stood to see if his driver could steady the horses. Meanwhile, Pierpont struck up a new romance with Frances Louisa "Fanny" Tracy, the daughter of a New York lawyer. He later attended high school in Boston, specializing in mathematics. He died on Monday, March 31, 1913 in Rome, Italy while attending a yacht racing event. discoveries. You can't pick cherries with your back to the tree. 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. Ms. Walker couldnt immediately be reached for comment. 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. [42], In 1877, Morgan began a semiretirement, cutting back on his schedule and ceding greater authority to his son. We may earn commission from links on this page, but we only recommend products we back. ; The Result Of The Banker's Recent Accident At Monte Carlo", "Mrs. Morgan's Funeral. Junius Spencer Morgan and his family lived on the island for decades. junius spencer morgan junius spencer morgan. 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. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. 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. Morgan members were notable for dominating the banking industry during . We strive for accuracy and fairness.If you see something that doesn't look right,contact us! 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. pentecostal assemblies of the world ordination; how to start a cna school in illinois In semi-retirement by the time the crisis was resolved, Morgan devoted much of his energy to his art collection and philanthropy. [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 book collection and the building that housed them in New York City became a public reference library in 1924. Lucy was the mother of James J. Goodwin and the Rev. [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. The map below shows the places where the ancestors of the famous person lived. 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. MORGAN. From about 1836 to 1853, he was in the dry-goods business. And I saw, and behold, a pale horse, and its rider's name was Death, and Hades followed him; and they were given great power over a fourth of the earth; to kill with sword and with famine and with pestilence and by wild beasts of the earth." . Miles Morgan]], ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. [43] At the dinner, Morgan stated:[36], "never do anything to cause evil to be spoken of the American name. L'arbre J P Morgan. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. It was a question of success. In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General . "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. 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. J.P. Morgan - The Life and Deals of America's Banker: Insight and Analysis into the Founder of Modern Finance and the American . Junius S. Morgan III, U.S.N., of 'Salutation' Glen Cove, Long Island, N.Y. zoom_in 2 images. Drexel allied his bank with Peabody's through Morgan, forming one of the most powerful and important banking alliances in American history. 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. 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. "It takes a very special buyer for this trophy property," Ms. Devendorf said, "But its a once-in-a-lifetime opportunity. [47] He had a "dry wit and genial manor and employed iron discipline." A sprawling 85-acre compound on the North Shore of Long Island, New York, is hitting the market for $125 million Wednesday, Mansion Global has learned. J. P. Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. [44] By the 1880s, Junius's health began to fade, and he stepped back from day-to-day business. There are no volunteers for this cemetery. 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. Ms. Devendorf declined to confirm Ms. Walker as the owner of the property. One of the firm's two junior partners was future Governor of New York and U.S. Vice President Levi P. J P Morgan. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. The PEDIGREE of Junius Spencer MORGAN (major banker; founder & eponym of J.S. << /Length 6 0 R /Filter /FlateDecode >> There is a "921 PPP Without Project Account and without ProjectBox" error that needs corrected. Aptly-named House Island comes w/ 4 houses, 5 beaches and 12.8 acres. 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. The firm soon became a major player in the steel industry by financing the formation of Federal Steel in 1898. 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. [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. 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. junius spencer morgan great grandchildren. Submit a correction or make a comment about this profile. Continuing with this request will add an alert to the cemetery page and any new volunteers will . 2008 - 2023 INTERESTING.COM, INC. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. Father Joseph Morgan (Spencer) II. Following the death of Drexel that year, Pierpont again reorganized his company into J.P. Morgan & Co. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. Additionally, the lifelong art enthusiast began exponentially expanding an already impressive collection of valuable works. L'arbre Although both Junius Spencer Morgan and his son, J. P., were indeed great art collectors, their 25-year obsession with acquiring the Thomas Gainsborough portrait of the former Georgiana Spencer . [1], As was typical for aspiring businessmen of the time, Junius did not enroll in college, but was apprenticed to Alfred Welles, a Boston merchant banker, in 1829. Articles from Britannica Encyclopedias for elementary and high school students. [15] Birth 14 April 1813 - West Springfield, Massachusetts. Contents. [5] In 1910, at the age of 74, he was living with his wife Frances and daughter Anne in Manhattan. The current owner, Margo Walker, a socialite and real estate broker, gradually bought up all the houses over the years, according to Bloomberg, which first reported that the compound would be put up for sale. He received and A.B. He started his own private banking company and bought railroads, becoming one of the world's largest steel distributors. 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. Geneastars | Facebook. The most expensive listing in the U.S. is a West Coast home asking $350 million. Select from premium Junius Spencer Morgan of the highest quality. Please enable JavaScript in your browser's settings to use this part of Geni. 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. The Morgan Mansion was built in 1897 by Junius Spencer Morgan and Josephine Perry Morgan. J. P. Morgan was born in Hartford, Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. [14], On May 15,[16] 1853, at the recommendation of James Beebe, Morgan visited the American banker George Peabody in London. Save Page Now. Junius Spencer Morgan III (1892-1960) Capt. Please try again. 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. GREAT NEWS! Ancestors. [7] Upon his death, his artwork collection was donated. 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. [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. From 1854, he was partner, with George Peabody, in the English banking house of George Peabody & Co. 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. It was this fortune which eventually placed J.P. Morgan's father, Junius Spencer Morgan, in the banking business. 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. [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. 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. They were the parents of at least 2 sons and 1 daughter. "If you have to ask how much it costs, you can't afford it." from Harvard University in 1914. contient des milliers de photos et GeneaStars. GROUP. 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. Morgan was born on April 14, 1813, in Holyoke, Massachusetts to Joseph and Sarah Morgan. IMPORTANT PRIVACY NOTICE & DISCLAIMER: YOU HAVE A RESPONSIBILITY TO USE CAUTION WHEN DISTRIBUTING PRIVATE INFORMATION. [24], The railway boom ended in 1857 and prices collapsed, leading to rumors in London that Peabody & Co. was on the verge of failure. Cloudy and con- tii.upd cool Warren Temp.. Hig-h iO: Low 35. Margaret Geer Walker lives there, Anonymous @ 2021-02-06 20:05:03 . Following Drexel's death in 1893, Jack Morgan helped his father reorganize the company and rename it J. P. Morgan & Co., a name the company bears to this day! Devastated, the young businessman returned to New York and plunged himself into his work. 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. Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. The immense scope of Morgan's power came to light in the wake of the Panic of 1893. 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. 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. By estimates, there were about 150 lavish estates built during that time, the majority of which have been turned into hotels and residential compounds. He passed away on 19 Oct 1960 in Simcoe, Norfolk, Ontario. [14][15] He was soon among the nation's financial elite. Father. [40], In 1873, Morgans American presence dramatically increased after the failure of Jay Cookes banking empire. 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. Following a decade of railroad consolidation, he broke new ground by arranging the merger of Edison General Electric and Thomson-Houston Company to form General Electric in 1892. WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. It was not really a question of price. Login to find your connection. [5], Soon thereafter, Morgan's father secured him a new partnership at Morris Ketchum's private bank on Wall Street, renamed Morgan Ketchum & Co. 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. Omissions? Letter from her son, J.P. Morgan, Jr., dated Oct. 1891 describes the family's new yacht, Corsair. Adrian Wooldridge characterized Morgan as America's "greatest banker".[1]. 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. In 1902, the Justice Department charged Northern Securities with violating the Sherman Antitrust Act of 1890. I hire a lawyer to tell me how I can do what I want to do! Deceased persons are not concerned by this provision. After being recommended, Greene met with Morgan in 1905, and was hired . Sunset 6:13. rootsweb: Click Here [12], In fall 1850, Morgan arranged to go into business with James M. Beebe of Boston, a young merchant with a growing import business. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). Philanthropist, Industrialist, Businessman, American financier, banker, philanthropist and art collector, Born on April 17, 1837 Beebe, Morgan and Co., became one of the largest dry-goods establishments in the United States. Wrong username or password. When healthy, he frequented galleries and concerts with his parents, sparking a lifelong fascination with the arts. [11], Though married in his father-in-law's Unitarian church, Morgan attended his own father's Episcopal church in Hartford. 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. 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. He then became junior partner in the drygoods house of Howe, Mather and Co., which in 1850 became Mather, Morgan and Co. A year later he was invited by James M. Beebe to form a co-partnership in Boston, which, under the style of J. Junius Spencer. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). 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. Leave a message for others who see this profile. In 1886 he reorganized two more major railroads with the aim of stabilizing their financial base. %PDF-1.3 [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 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. walmart springfield, mo tire and lube hours . 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. Biography and associated logos are trademarks of A+E Networksprotected in the US and other countries around the globe. We are featuring this profile in the Connection Finder this week. If not, see our friends at Ancestry DNA. 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. He took on a prominent role in London society, hosting many social gatherings at his homes on Hyde Park and at Roehampton.[32][33]. She married George Hale Morgan on 27 June 1866, in Connecticut, United States. This page was last edited on 25 February 2023, at 17:50. Let us know if you have suggestions to improve this article (requires login). Their relationship, though separated by an ocean and wildly divergent personalities, was close.