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Peabody, who was in poor health,[16] offered Morgan to join his banking house as a junior partner, to be made the senior partner upon Peabody's retirement in ten years. The firm soon became a major player in the steel industry by financing the formation of Federal Steel in 1898. Members of the family amassed an immense fortune over the generations, primarily through the noted work of John Pierpont (J. P.) Morgan (1837-1913). There is 1 volunteer for this cemetery. 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! Morgan was born on 17 April 1837 in Hartford, Connecticut. Junius Spencer Morgan and his family lived on the island for decades. 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. Continuing with this request will add an alert to the cemetery page and any new volunteers will . We strive for accuracy and fairness.If you see something that doesn't look right,contact us! Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. One of the most powerful bankers of his era, J.P. (John Pierpont) Morgan (1837-1913) financed railroads and helped organize U.S. Steel, General Electric and other major corporations. The son of a successful financier, Junius Spencer Morgan (181390), John Pierpont Morgan was educated in Boston and at the University of Gttingen. We are all related! Shares the stories you may have missed from the world of luxury real estate. [5], Soon thereafter, Morgan's father secured him a new partnership at Morris Ketchum's private bank on Wall Street, renamed Morgan Ketchum & Co. In 1887 he gave a large and valuable painting, by Sir Joshua Reynolds, which he had purchased for that purpose, to the Metropolitan museum of art in New York city. Username and password are case sensitive. Miles Morgan]], ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. [62], Like his father, Morgan was a strong supporter of the Whig Party. Junius Origin and Meaning The name Junius is boy's name of Latin origin meaning "born in June". The estate will join a handful of nine-figure properties across the U.S., including two in the Hamptons on Long Island: the former Ford family estate listed for $175 million and another oceanfront estate asking $150 million. He passed away on 19 Oct 1960 in Simcoe, Norfolk, Ontario. 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. Mary Lyman Morgan Burns 1844 - 1919. It became J.P. Morgan and Company in 1895 and is now JPMorgan Chase & Co. gnalogique Dowling avec plus d'un demi-million de parents, 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. Today it is the Morgan Library & Museum . "[48], In 1836, Morgan married Juliet Pierpont (18161884), daughter of John Pierpont (17851866), a poet, lawyer, merchant, and Unitarian minister. 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, In 1886 he reorganized two more major railroads with the aim of stabilizing their financial base. Records: 4,977. Regardless, Morgan continued to exert his authority in both industries and in government. When his horses bolted at an oncoming train, Morgan stood to see if his driver could steady the horses. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. 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. ", Delivers the most important property news around the world to your inbox each weekday, COPYRIGHT 2023 MANSION GLOBAL. 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. 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. lis! [5] He made a fortune with Aetna in 1835, when Aetna covered Wall Street firms destroyed in the Great Fire of New York. They maintained a twice-weekly correspondence for thirty-one years, which Pierpont burned in 1911.[58]. "Go as far as you can see; when you get there, you'll be able to see farther. Upon his father's death, he inherited part of Chicopee Field. The Dowling Family Tree with over half a million relatives, 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. Meanwhile, Pierpont struck up a new romance with Frances Louisa "Fanny" Tracy, the daughter of a New York lawyer. The compound offers an impressive range of properties, including an entire 48-acre island with six distinctive residences, a 10-acre adjacent strip with underwater rights, a 28-acre pond, a 250-foot dock and two helicopter spots, according to Bonnie Devendorf, listing agent at Daniel Gale Sothebys International Realty. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. Underscoring his influence in the industry, Morgan in 1885 arranged a meeting with the feuding directors of the New York Central and Pennsylvania Railroad aboard his yacht, the Corsair. Joseph personally bought the stakes of Aetna investors who hesitated to pay on the policies. [64], In February 1842, his father-in-law John Pierpont was suggested as a leading candidate for the Liberty Party nomination for Governor of Massachusetts. 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. After the death of his wife Juliet in 1884, he withdrew further from business. A protracted legal battle was settled when the Supreme Court ruled in favor of the government in 1904. [35] Morgan succeeded Peabody as head of the firm and reluctantly changed its name to J. S. Morgan & Co.[36] Despite his disappointment, J. S. Morgan was the largest American bank in London and had earned 444,000 in the prior ten years, leaving Morgan a powerful platform for future investments. IMPORTANT PRIVACY NOTICE & DISCLAIMER: YOU HAVE A RESPONSIBILITY TO USE CAUTION WHEN DISTRIBUTING PRIVATE INFORMATION. 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. 1785-1866 & Mary Sheldon Lord 1787-1855) with. 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) We are all related! The Morgan Memorial served as a prototype for the Pierpont Morgan wing of the Metropolitan Museum of Art. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. 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. rootsweb: Click Here 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. JP Morgan Jr.'s son Henry co-founded the Morgan Stanley financial corporation with Harold Stanley. [10] [14] During the Great Depression he took heavy financial losses. {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. examples of olympic values Likes. Please try again. Linked to: Timothy Michael Dowling, 6th cousin 5x removed, {{ mediasCtrl.getTitle(media, true) }} 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). [35], Still, Morgan was ambitious to place his bank on par with the Rothschilds and Barings Bank. Between 1885 and 1888 he extended his influence to lines based in Pennsylvania and Ohio, and after the financial panic of 1893 he was called upon to rehabilitate a large number of the leading rail lines in the country, including the Southern Railroad, the Erie Railroad, and the Northern Pacific. . Charcoal and stumping on wove paper. Geneastars | Facebook. 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. 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. Morgan successfully led the American financial communitys attempt to avert a general financial collapse following the stock market panic of 1907. All Rights Reserved. The largest online newspaper archive; 22,800+ newspapers from the 1700s-2000s; Millions of additional pages added every month [45], Morgan was "tall with sloping shoulders" and a thickening midriff, a wide face, light blue eyes, a prominent nose, and a firm mouth. ; 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. He founded J. S. Morgan & Co. The Morgan name is traced to Carmarthen , Wales, and the first known Morgan family ancestral is Hyfaidd ap Bleddri, third son of Bledri of Wales. As they sailed up and down the Hudson River, Morgan made it clear that the yacht would not return to port until they reached a compromise that fostered suitable competition. contient des milliers de photos et GeneaStars. 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. He is buried in Cedar Hill Cemetery, Hartford, Connecticut. Family Members junius spencer morgan great grandchildren 05 Jun. Morgan urged Pierpont to withdraw his name from consideration, and he did. 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. 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. discoveries. He was generally emotionless, and his friend George Smalley praised his "grave, strong beauty" and his "eyes full of light" but a face that ended in an "immovable jaw. 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. After Junius's move to London, Pierpont was his father's primary source of intelligence on American conditions. the tall man aboriginal spirit; metadata api request failed: component conversion failed: file_ended; caleb foote sandlot contains thousands of pictures and GeneaStars. 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. If not, see our friends at Ancestry DNA. Birth 14 April 1813 - West Springfield, Massachusetts. This page has been accessed 12,698 times. All charts include source citations for ancestors in the charts. 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. 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 reorganized several major railroads and became a powerful railroad magnate. Geni requires JavaScript! [31], Morgan became the active head of the firm in February 1859, with Peabody remaining the nominal senior partner. [5] In 1910, at the age of 74, he was living with his wife Frances and daughter Anne in Manhattan. Hearst Magazine Media, Inc. Site contains certain content that is owned A&E Television Networks, LLC. 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. Morgan III. 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. Described as a coldly rational man, Morgan began reorganizing railroads in 1885, becoming a board member and gaining control of large amounts of stock of many of the rail companies he helped restructure. Family Life JP Morgan Jr. married Jane Norton Grew. In 1907, Morgan again was called to aid the U.S. government in the grips of economic panic. Seeking to stabilize a series of collapsing trust banks, he called several bank presidents to his Manhattan library, and, in an echo of his Corsair meeting of 1885, locked the door until a solution could be reached. DISCLAIMER: The currency conversion is provided for illustration purposes only. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. He was named after his maternal grandfather, and much like his Uncle Pierpont, he was a great collector. In one early example of his ingenuity, Morgan was in New Orleans for business when he encountered a ship captain with a boatload of coffee and no buyer. On November 8, a dinner was hosted in his honor at Delmonico's, with Samuel Tilden, John Jacob Astor, and Theodore Roosevelt Sr. among the guests. After the Civil War broke out, Morgan traded Union war bonds at a tremendous profit. Cloudy and con- tii.upd cool Warren Temp.. Hig-h iO: Low 35. 1902. In 1845, his father invested an additional $25,000 in the firm on Junius's behalf. Junius Spencer Morgans manor, named Salutation, is one of the few remaining estates still privately owned. Morgan & Co. into the upper ranks of international finance. [11], Though married in his father-in-law's Unitarian church, Morgan attended his own father's Episcopal church in Hartford. The compound is being offered as a whole, meaning no individual houses are available for sale separately. He brought in other major . He worked at his father's bank, Peabody, Morgan & Co., and later the firms of Duncan, Sherman & Company and Dabney, Morgan, and Company. Miles Morgan, ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. [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. Initially a smart but indifferent student, he began showing improved grades by the time he attended English High School in Boston. 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. Having ceased to undertake large industrial reorganizations, Morgan thereafter concentrated on amassing control of various banks and insurance companies. 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. 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. great grandfather. Junius Spencer Morgan 1846 - 1858. 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. 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. The TV star, who was aged just 10 when it happened, retold Alex Jones and Roman Kemp about . Death 8 Apr 1890 - Hartford, Hartford, Connecticut, USA. from Harvard University in 1914. Famouskin.com also includes ancestoral charts showing the family relationships of J.P. Morgan to many famous kin. 100 J P Morgan Quotes (John Pierpont Morgan Quotes) 1 2 3. Junius Spencer Morgan III (1892-1960) Capt. Morgan's already successful career took a leap forward in 1879 when William Vanderbilt approached him about the sale of 250,000 shares of stock in the New York Central Railroad. 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. Some of Peabody's own creditors, including rival Barings Bank, demanded immediate payment on their debts. Descendants. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). L'arbre The PEDIGREE of Junius Spencer MORGAN (major banker; founder & eponym of J.S. Pierpont, as he preferred to be known, had a varied education, due in part to interference by his father, Junius. 3I. All property prices are as stated by the listing agent. We know it's short notice, so don't fret too much. Enter a grandparent's name. Peabody also forced unfavorable terms on Morgan's lease of the bank's 22 Old Broad Street offices. 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. Junius Spencer. 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. The Beaux-Arts Morgan Memorial of 1910-15 was designed by Benjamin Wistar Morris. [33], In 1864, Morgan's ten-year agreement with Peabody expired. In 1836, he married John Pierpont Morgan's mother, Juliet. 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. Geneastars | Facebook. John Pierpont Morgan was born in the spring of 1837 to Junius Spencer Morgan and Juliet Pierpont. The map below shows the places where the ancestors of the famous person lived. He spent winters at the Villa Henriette in Monte Carlo. 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. 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. West Springfield, Mass., prospered at investment banking. Father of John Pierpont Morgan, Sr.; Sarah Spencer Morgan; Mary Lyman Burns; Junius Spencer Morgan and Juliet Morgan [15] Junius Spencer Morgan III married Emma Louise Converse and had 2 children. It was a question of success. [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.