<< /Length 6 0 R /Filter /FlateDecode >> He suffered a broken wrist and concussion and was unconscious for five days until his death on April 8, 1890. [30] The firm turned an eventual profit on the venture, but its major purpose was to establish Morgan as a primary backer in the growing communications industry. 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. Three years later he began financing a series of giant industrial consolidations that were to reshape the corporate structure of the American manufacturing sector. His paternal grandparents were Junius Spencer Morgan (1813-1890) [3] and Juliet Pierpont (1816-1884), the daughter of John Pierpont. Junius Spencer Morgan and his family lived on the island for decades. Throughout, Morgan and Peabody maintained their confidence in Field's project. 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. 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? 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. Letter from her son, J.P. Morgan, Jr., dated Oct. 1891 describes the family's new yacht, Corsair. 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. 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. We are all related! 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. contient des milliers de photos et GeneaStars. He has been a liberal donor to Trinity college, and in 1886 presented to the Hartford orphan asylum a generous contribution, known as the Sarah Morgan fund, in memory of his mother, Mrs. Sarah Spencer Morgan. We are all related! gnalogique Dowling avec plus d'un demi-million de parents, *FREE* shipping on qualifying offers. 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. The estate, located near Glen Cove, also has a remarkable history. L'arbre He was of Hartford, Conn., but later associated with the Banking-house of Peabody & Morgan of London, England, where he resided many years. Peabody pledged the bank could continue to use his name and if necessary, some capital. Geneastars | Facebook. Morgan Family. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. Father Joseph Morgan (Spencer) II. 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. Within a year, the business struggled sufficiently that Joseph Morgan had to bail his son out and dissolve the partnership. Along with amassing immense wealth through the creation of such corporations as U.S. Steel, Morgan led efforts to bail out the U.S. Treasury in 1895 and 1907. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. Son of Joseph Morgan III and Sally (Spencer) Morgan. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. 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. We are featuring this profile in the Connection Finder this week. [17], Morgan's initial task was to strengthen and develop the firm's principal American accounts, using his first-hand knowledge of and connections to American business which Peabody, who had moved to London in 1836, lacked. Posted at 21:44h in bonobos walmart acquisition by mexico city time change. He married in 1836 Juliet, daughter of John Pierpont, the poet (q. 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. 1981.2:2 . Cookes firm collapsed on September 18, triggering a wave of bank failures as part of the Panic of 1873. [33], In 1864, Morgan's ten-year agreement with Peabody expired. 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. Peabody also forced unfavorable terms on Morgan's lease of the bank's 22 Old Broad Street offices. 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. discoveries. This page was last edited on 25 February 2023, at 17:50. contains thousands of pictures and GeneaStars. Morgan's entire island of 45 acres, 12-bedroom manor house, five additional residences, an eight-stall stable, paddocks and a groomsman's cottage have recently been put on the market. 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. Francis Goodwin,[59] chairman of the Hartford Parks Commission. 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. Please refer to the appropriate style manual or other sources if you have any questions. When his horses bolted at an oncoming train, Morgan stood to see if his driver could steady the horses. [39], Morgan was now the wealthiest American banker in London and moved into a Knightsbridge mansion facing the south side of Hyde Park. Junius Spencer Morgan, III won (41%) against 2 opponents. 2008 - 2023 INTERESTING.COM, INC. Geneastars | Facebook. Junius Spencer. He is buried in Cedar Hill Cemetery, Hartford, Connecticut. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. 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, He was interred at the family lot in Cedar Hill Cemetery in Hartford. [62], Like his father, Morgan was a strong supporter of the Whig Party. [14][15] He was soon among the nation's financial elite. 3I. In the fall of 1848, Pierpont transferred to the Hartford Public School and then to the Episcopal Academy in Cheshire, Connecticut, (now called Cheshire Academy), boarding with the principal. 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. They maintained a twice-weekly correspondence for thirty-one years, which Pierpont burned in 1911.[58]. rootsweb: Click Here pentecostal assemblies of the world ordination; how to start a cna school in illinois He also financed industrial consolidations that formed General Electric, U.S. Steel, and International Harvester. One of the firm's two junior partners was future Governor of New York and U.S. Vice President Levi P. Morgan's Death. [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. Major children and living persons must directly contact the. [44] By the 1880s, Junius's health began to fade, and he stepped back from day-to-day business. There is a "921 PPP Without Project Account and without ProjectBox" error that needs corrected. He began working for his father at a young age and attended the University of Gottingen, a German language school. If not, see our friends at Ancestry DNA. Get a Britannica Premium subscription and gain access to exclusive content. Linked to: Timothy Michael Dowling, 7th cousin 4x removed 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. 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. From 1854, he was partner, with George Peabody, in the English banking house of George Peabody & Co. 1785-1866 & Mary Sheldon Lord 1787-1855) with. We may earn commission from links on this page, but we only recommend products we back. Early life. 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. He returned to the United States in 1857, and entered the banking-firm of Duncan, Sherman and Co., of New York. Save Page Now. [63] Morgan was a close friend of the Whig politician and diplomat Abbott Lawrence. in Hartford, Connecticut, USA , United States, Died on March 31, 1913 He married Emma Louise Converse on 16 June 1915, in Saint Pauls Episcopal Church, Millis, Norfolk, Massachusetts, United States. The Dowling Family Tree with over half a million relatives, Contents Early life Career Personal life References Early life Morgan was born on April 14, 1813 in Holyoke, Massachusetts. Morgan Genealogy: A History of James Morgan, of New London, Conn. Pierpont, as he preferred to be . Having financed the creation of the Federal Steel Company in 1898, Morgan in 1901 joined in merging it with the giant Carnegie Steel Company and other steel companies to form United States Steel Corporation, which was the worlds first billion-dollar corporation. Famouskin.com also includes ancestoral charts showing the family relationships of J.P. Morgan to many famous kin. Regardless, Morgan continued to exert his authority in both industries and in government. [4] [5] Career. [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. 1902. Morgan & Co. into the upper ranks of international finance. 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. At the age of 21, he became a soldier in the company of Captain Josiah Kellogg of Suffield. Continuing with this request will add an alert to the cemetery page and any new volunteers will . Morgan led a syndicated bond issue of 10,000,000, which the syndicate sold at 15 points below par. 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. gnalogique Dowling avec plus d'un demi-million de parents, Junius Origin and Meaning The name Junius is boy's name of Latin origin meaning "born in June". Junius Spencer Morgan I (14 Apr 1813 - 8 Apr 1890) 0 references . [5] In 1910, at the age of 74, he was living with his wife Frances and daughter Anne in Manhattan. [68][69] At the Connecticut State Capitol, flags were flown at half-mast in mourning. Brother of Mary (Morgan) Smith and Lucy (Morgan) Goodwin. [3], Junius's father Joseph was a soldier in the Revolutionary Army and farmer in West Springfield, Massachusetts. . The outdoor landscaping was overseen by Frederick Law Olmsted, the celebrated landscape architect responsible for Central Park, according to Ms. Devendorf. Junius Spencer Morgan (1867-1932), Class of 1888, and A.M. 1896, was a nephew of the celebrated John Pierpont Morgan, the great financier. Death 8 Apr 1890 - Hartford, Hartford, Connecticut, USA. Junius Spencer Morgan. It was not really a question of price. Morgan's astounding success transformed the financial industry and left behind a powerful legacy. The yearly tax for the property is about $570,000. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). 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. TH E W E A TH E R Snow or rain. "[48], In 1836, Morgan married Juliet Pierpont (18161884), daughter of John Pierpont (17851866), a poet, lawyer, merchant, and Unitarian minister. John Pierpont Morgan Jr. (1867-1943) . When healthy, he frequented galleries and concerts with his parents, sparking a lifelong fascination with the arts. In 1907, Morgan again was called to aid the U.S. government in the grips of economic panic. Candidates . 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. Geni requires JavaScript! [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. GROUP. 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 grandson later recalled this as "at that time, the bitterest disappointment of his life". Railroad securities were further weakened by the Credit Mobilier scandal. Their blossoming romance was jarred by her diagnosis of tuberculosis in 1861, and they quickly married and moved to Algiers with the hope of spurring a recovery. [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. Wife/Partner: Juliet PIERPONT Children: John Pierpont MORGAN ; Mary Lyman (m. Walter Hayes Burns) Pierpont, as he preferred to be known, had a varied education, due in part to interference by his father, Junius. Login to find your connection. You can't pick cherries with your back to the tree. Junius Spencer Morgan I was an American banker and financier, as well as the father of John Pierpont "J.P." Morgan and patriarch to the Morgan banking house. 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. discoveries. Joseph personally bought the stakes of Aetna investors who hesitated to pay on the policies. "If you have to ask how much it costs, you can't afford it." Morgan was born on April 14, 1813, in Holyoke, Massachusetts to Joseph and Sarah Morgan. 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. By estimates, there were about 150 lavish estates built during that time, the majority of which have been turned into hotels and residential compounds. Adrian Wooldridge characterized Morgan as America's "greatest banker".[1]. The couple had five children: Junius, Henry, Jane, and Frances lived to adulthood, but Alice died of typhoid fever. 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. (1892 - 1960) Photos: 745. Our editors will review what youve submitted and determine whether to revise the article. Articles from Britannica Encyclopedias for elementary and high school students. 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. % The TV star, who was aged just 10 when it happened, retold Alex Jones and Roman Kemp about . 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. 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. The executives eventually agreed to terms in what became known as the Corsair Compact. In October 1858, Field's cable broke, delaying the project's completion another eight years until 1866. In 1870, after the Battle of Sedan and the establishment of a provisional French Third Republic in Tours, Barings and Rothschilds were unwilling to establish a line of credit for the new government. Morgan & Co., House of Morgan) Born: 1813 Died: 1890 d. after carriage accident Gen. Pierpont Hamilton's Great-Grandfather. 5 0 obj Hearst Magazine Media, Inc. Site contains certain content that is owned A&E Television Networks, LLC. Junius Spencer Morgan (American) The Metropolitan Museum of Art. With his son's aid, Morgan grew his banking house into a trans-Atlantic financial empire that included firms in . In 1915, he married Louise, daughter of the celebrated composer Frederick S. Converse and a great-granddaughter of the "Ice King" Frederic Tudor. The assistant librarian was Junius Spencer Morgan, nephew of wealthy financier J. P. Morgan. Leave a message for others who see this profile. Have you taken a DNA test? Junius Spencer Morgan III (1892-1960) Capt. Junius Spencer Morgan, 1813-90, b. 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. Samuel Spencer (1670 - 1756), my sixth great grandfather, and Morgan's third great grandfather. Together they had three children: Sarah Spencer Morgan, Alexander Perry Morgan and Lucrutia Morgan who died at birth. [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 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. It was this fortune which eventually placed J.P. Morgan's father, Junius Spencer Morgan, in the banking business. [11], Though married in his father-in-law's Unitarian church, Morgan attended his own father's Episcopal church in Hartford. Upon his father's death, he inherited part of Chicopee Field. Wrong username or password. 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. In book thirteen of Revelation, John describes two beasts: one that emerges from the sea and has seven heads, and another that springs from the earth and empowers the bigger beast. When American grain (and consequently rail) prices fell dramatically after the resolution of the Franco-Prussian War, Cookes heavy investment in the Northern Pacific Railway was no longer sufficient to meet liabilities. Family Life JP Morgan Jr. married Jane Norton Grew. "The Print in the North," May 6 . [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. A man I do not trust could not get money from me on all the bonds in Christendom. Leave a message for others who see this profile. 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. [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. [66], At his death, he left a fortune of $12,400,000 (equivalent to $370,000,000 today). J. P. Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (18131890) and Juliet Pierpont (18161884) of Boston, Massachusetts. [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. [40], In 1873, Morgans American presence dramatically increased after the failure of Jay Cookes banking empire. The firm gave Morgan access to global markets, exporting and financing cotton and other goods shipped from Boston harbor. All Rights Reserved. [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. 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. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. John Pierpont Morgan 1837-1913 Married in 1861, New York, NY, to Amelia . [23], By 1856, Peabody was confident enough in Morgan to leave him in sole care of the business while Peabody took an extended tour of the United States. 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. [10] [14] During the Great Depression he took heavy financial losses. [14], On May 15,[16] 1853, at the recommendation of James Beebe, Morgan visited the American banker George Peabody in London. Junius Spencer Morgan was born on April 14, 1813 in Holyoke, Massachusetts. 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. 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 . He reorganized several major railroads and financed industrial consolidations that formed the United States Steel, International Harvester, and General Electric corporations. Junius Spencer Morgan I. [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. junius spencer morgan great grandchildren 05 Jun. Junius Spencer Morgan 1846 - 1858. During 186471 he was a member of the firm of Dabney, Morgan and Company, and in 1871 he became a partner in the New York City firm of Drexel, Morgan and Company, which soon became the predominant source of U.S. government financing. 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.