Brother of Mary (Morgan) Smith and Lucy (Morgan) Goodwin. Descendants. By gaining control of much of the stock of the railroads that he reorganized, he became one of the worlds most powerful railroad magnates, controlling about 5,000 miles (8,000 km) of American railroads by 1902. 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. 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. 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. J.P. Morgan is remembered as such a dominant figure in American capitalism that it seemed to many that he ran the entire economy, able to pull strings anywhere. Just do what you can. J. S. Morgan began collecting as a student, and was early attracted to Virgil probably through the influence of Dean West. 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. 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. Leave a message for others who see this profile. Mountain Landscape with Bridge over Waterfall. Posted at 21:44h in bonobos walmart acquisition by mexico city time change. Morgan used his company's funds to purchase the coffee, and then sold it to local merchants for a profit. The Morgan Memorial served as a prototype for the Pierpont Morgan wing of the Metropolitan Museum of Art. This page was last edited on 25 February 2023, at 17:50. 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. L'arbre The couple had five children: Junius, Henry, Jane, and Frances lived to adulthood, but Alice died of typhoid fever. He started his own private banking company and bought railroads, becoming one of the world's largest steel distributors. [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. 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. He helped to achieve railroad rate stability and discouraged overly chaotic competition in the East. Husband of Juliet (Pierpont) Morgan married 2 May 1836 in Hartford, Hartford County, Connecticut. If not, see our friends at Ancestry DNA. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. Morgan personally lobbied Washington on Field's behalf in 1856 and Peabody & Co. subscribed to 10,000 of Field's original capital stock of 350,000 and later advanced Field funds to complete the project when he struggled to find American investors. He died on Monday, March 31, 1913 in Rome, Italy while attending a yacht racing event. He suffered a broken wrist and concussion and was unconscious for five days until his death on April 8, 1890. Please try again. The firm did a general banking and brokerage business and had a few foreign clients. Peabody pledged the bank could continue to use his name and if necessary, some capital. 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. Mary Lyman Morgan Burns 1844 - 1919. If so, login to add it. Updates? After all-night negotiations went nowhere, Morgan ended the stalemate by drawing up a bailout contract and ordering the exhausted presidents to sign. 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 . Son of Joseph Morgan, III and Sarah "Sally" Morgan We are not responsible for any loss that you may incur as a result of relying on these currency conversions. junius spencer morgan great grandchildren. He was a devout Episcopalian. Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. 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 . 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. They married in May 1865 and had four children, with son John Pierpont "Jack" Morgan Jr. going on to take over his father's business many years later. 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. 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. J. P. Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. gnalogique Dowling avec plus d'un demi-million de parents, In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. ", 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. discoveries. They were the parents of at least 2 sons and 1 daughter. Dowling It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. A protracted legal battle was settled when the Supreme Court ruled in favor of the government in 1904. contient des milliers de photos et GeneaStars. 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. 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. Also contains a letter from Junius Spencer Morgan to J. Pierpont Morgan [7] Upon his death, his artwork collection was donated. 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. 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 1836, he married John Pierpont Morgan's mother, Juliet. In 1861 Morgan became the agent for his fathers banking company in New York City. Corrections? TH E W E A TH E R Snow or rain. Wikipedia (8 entries) edit. Contents Early life Career Personal life References Early life Morgan was born on April 14, 1813 in Holyoke, Massachusetts. 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. ; 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 . Pierpont also joined Drexel's Philadelphia firm and his Paris firm, giving the Morgans footholds in four cities. 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. Junius Spencer. Pierpont, as he preferred to be known, had a varied education, due in part to interference by his father, Junius. walmart springfield, mo tire and lube hours . Famouskin.com also includes ancestoral charts showing the family relationships of J.P. Morgan to many famous kin. Enter a grandparent's name. A man I do not trust could not get money from me on all the bonds in Christendom. [5] He made a fortune with Aetna in 1835, when Aetna covered Wall Street firms destroyed in the Great Fire of New York. [18] During this period, Morgan first met Francis M. Drexel, founder of Drexel & Company, one of Philadelphia's leading banks. "If you have to ask how much it costs, you can't afford it." In 1902 Morgan brought together several of the leading agricultural-equipment manufacturers to form the International Harvester Company. 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. 1892-1960. They maintained a twice-weekly correspondence for thirty-one years, which Pierpont burned in 1911.[58]. Junius Spencer Morgan III married Emma Louise Converse and had 2 children. He later attended high school in Boston, specializing in mathematics. 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. Contents. Omissions? Gatsby-esque Mansion on Long Island Gets $15M Chopped Off its $100M Asking Price, New York Remains the Worlds Top Super-Luxury Property Market, New York Developer Pockets $11.6 Million After SellingHisBillionaires Row Condo for 52% Gain, A One-Bedroom Inside a Mid-Century Modern Manhattan Landmark. [7][6] He remained at the firm until his father's death in 1847. All for $5.95M https://t.co/apeTdEMi21 pic.twitter.com/Ttwvmu2BTU. 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. Junius Spencer Morgans father J.P. Morgan II, an influential financier himself, had an estate in the area, which was nicknamed the Gold Coast for its show of opulence at the turn of the 20th century. While Philadelphia banker Jay Cooke and those Wall Street banks with German ties made a bonanza during the war, Peabody & Co. had modest profits by comparison. Joseph personally bought the stakes of Aetna investors who hesitated to pay on the policies. Sorry! The ship subsequently sank with great loss of life. Find Junius Spencer Morgan stock photos and editorial news pictures from Getty Images. 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. Juliet Pierpont Morgan . Having ceased to undertake large industrial reorganizations, Morgan thereafter concentrated on amassing control of various banks and insurance companies. WIKITREE HOME | ABOUT | G2G FORUM | HELP | SEARCH. [63] Morgan was a close friend of the Whig politician and diplomat Abbott Lawrence. Junius Spencer Morgan 1813-1890 Juliet Pierpont 1816-1884 Spouses, children, grandchildren and great-grandchildren Married in 1861, New York, NY, to Amelia Sturges, born in 1835, deceased in 1862 aged 27 years old Birth 14 April 1813 - West Springfield, Massachusetts. Cloudy and con- tii.upd cool Warren Temp.. Hig-h iO: Low 35. 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 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. Railroad securities were further weakened by the Credit Mobilier scandal. Geneastars | Facebook. The PEDIGREE of Junius Spencer MORGAN (major banker; founder & eponym of J.S. Just one grandparent can lead you to many CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. Records: 4,977. Ancestral pedigree chart of J.P. Morgan. Margaret Geer Walker lives there, Anonymous @ 2021-02-06 20:05:03 . Today it is the Morgan Library & Museum . Junius S. Morgan III, U.S.N., of 'Salutation' Glen Cove, Long Island, N.Y. zoom_in 2 images. Cookes firm collapsed on September 18, triggering a wave of bank failures as part of the Panic of 1873. [45], Morgan was "tall with sloping shoulders" and a thickening midriff, a wide face, light blue eyes, a prominent nose, and a firm mouth. In 1915, he married Louise, daughter of the celebrated composer Frederick S. Converse and a great-granddaughter of the "Ice King" Frederic Tudor. Dowling [43] At the dinner, Morgan stated:[36], "never do anything to cause evil to be spoken of the American name. He took on a prominent role in London society, hosting many social gatherings at his homes on Hyde Park and at Roehampton.[32][33]. 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. [1] Career Continuing with this request will add an alert to the cemetery page and any new volunteers will . great grandfather. 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. 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. 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. After the Civil War broke out, Morgan traded Union war bonds at a tremendous profit. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. Linked to: Timothy Michael Dowling, 6th cousin 5x removed, {{ mediasCtrl.getTitle(media, true) }} Geni requires JavaScript! Letter from her son, J.P. Morgan, Jr., dated Oct. 1891 describes the family's new yacht, Corsair. Morgan was born on April 14, 1813, in Holyoke, Massachusetts to Joseph and Sarah Morgan. He began working for his father at a young age and attended the University of Gottingen, a German language school. .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. 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. [31], Morgan became the active head of the firm in February 1859, with Peabody remaining the nominal senior partner. Upon his father's death, he inherited part of Chicopee Field. the tall man aboriginal spirit; metadata api request failed: component conversion failed: file_ended; caleb foote sandlot Three years later he began financing a series of giant industrial consolidations that were to reshape the corporate structure of the American manufacturing sector. However, despite Morgan's best efforts to nurse his bride back to health, she passed away in February 1862. He spent winters at the Villa Henriette in Monte Carlo. L'arbre 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. Father of John Pierpont Morgan, Sr.; Sarah Spencer Morgan; Mary Lyman Burns; Junius Spencer Morgan and Juliet Morgan The Dowling Family Tree with over half a million relatives, Death 8 Apr 1890 - Hartford, Hartford, Connecticut, USA. He contributed money to Trinity College, Hartford. All Rights Reserved. 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. Junius Spencer Morgan was born on April 14, 1813 in Holyoke, Massachusetts. Biography and associated logos are trademarks of A+E Networksprotected in the US and other countries around the globe. He also purchased Dover House in Roehampton. We are all related! In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. There are no volunteers for this cemetery. 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. Father Joseph Morgan (Spencer) II. Family Members contient des milliers de photos et GeneaStars. [14], On May 15,[16] 1853, at the recommendation of James Beebe, Morgan visited the American banker George Peabody in London. 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. With his son's aid, Morgan grew his banking house into a trans-Atlantic financial empire that included firms in . [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. In October 1861, Morgan married Amelia Sturges in Manhattan, New York. 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 (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. Spouses, children, grandchildren and great-grandchildren. 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. Drexel allied his bank with Peabody's through Morgan, forming one of the most powerful and important banking alliances in American history. The estate, located near Glen Cove, also has a remarkable history. 3I. 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. I hire a lawyer to tell me how I can do what I want to do! Throughout, Morgan and Peabody maintained their confidence in Field's project. gnalogique Dowling avec plus d'un demi-million de parents, Meanwhile, Pierpont struck up a new romance with Frances Louisa "Fanny" Tracy, the daughter of a New York lawyer. All property prices are as stated by the listing agent. [3] He worked for his father until he was able to take over the family business, leading him to become one of the most influential financiers in the world. He then acquired control of many leading financial and insurance companies. Please refer to the appropriate style manual or other sources if you have any questions. contient des milliers de photos et GeneaStars. Have you taken a DNA test? [20] Some of Peabody's largest clients suspended business or failed entirely, and Duncan Sherman was unable to pay its remittances without assistance. Primary source of wealth: J. P. Morgan & Co.. . junius spencer morgan great grandchildren. Each fall, Junius made an annual trip to the United States for three months, and Pierpont traveled to London each spring. Some of Peabody's own creditors, including rival Barings Bank, demanded immediate payment on their debts. In time Junius allowed friends to build on the island. He reorganized several major railroads and financed industrial consolidations that formed the United States Steel, International Harvester, and General Electric corporations. arwiki . 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. 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. 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. This proposal was accepted and Drexel, Morgan, & Co. became the new New York affiliate of the London bank, with Pierpont as Drexel's junior partner. [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. 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. << /Length 6 0 R /Filter /FlateDecode >> Morgan led a syndicated bond issue of 10,000,000, which the syndicate sold at 15 points below par. 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. in Rome, Italy, This form allows you to report an error or to submit additional information about this family tree: J. P. MORGAN (1837), Copyright Wikipdia authors - This article is under licence CC BY-SA 3.0. This house is among the chief negotiators of railroad bonds, and was active in the reorganization of the West Shore railroad and its absorption by the New York Central railroad. Anonymous @ 2011-12-25 19:59:00 . The compound is being offered as a whole, meaning no individual houses are available for sale separately. 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. While every effort has been made to follow citation style rules, there may be some discrepancies. 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. 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." . However, he soon encountered resistance from President Theodore Roosevelt, who sought to leverage the populist tide against the wealthy "robber barons" of Wall Street. Morgan III. 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. GROUP. from Harvard University in 1914. Ancestors. 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. 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. Login to find your connection. 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. 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. (1892 - 1960) Photos: 745.