After the death of his wife Juliet in 1884, he withdrew further from business. Morgan pulled off the massive transaction without driving down the share price, and in return he secured a seat on the New York Central board of directors. Spouses, children, grandchildren and great-grandchildren. Sitelinks. junius spencer morgan great grandchildren. The Morgan Memorial served as a prototype for the Pierpont Morgan wing of the Metropolitan Museum of Art. [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. 1844 child birth: Mary Lyman Morgan b. 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. 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. % 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. GREAT NEWS! Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. We are all related! We are not responsible for any loss that you may incur as a result of relying on these currency conversions. [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. [68][69] At the Connecticut State Capitol, flags were flown at half-mast in mourning. Morgan, American family of financiers and philanthropists. Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. Also in 1901, Morgan teamed with James J. Hill to form the Northern Securities Company. 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. 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. 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. Morgan was born on April 14, 1813, in Holyoke, Massachusetts to Joseph and Sarah Morgan. DISCLAIMER: The currency conversion is provided for illustration purposes only. The 27,000-square-feet stone manor has grand-scale living and entertaining spaces with views of the Long Island Sound, Manhattan and Connecticut. Wrong username or password. 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. 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. If not, see our friends at Ancestry DNA. 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. Actually, although John Pierpont Morgan's father was indeed named Junius Spencer Morgan, this was not his home. He started his own private banking company and bought railroads, becoming one of the world's largest steel distributors. [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 received and A.B. Quick access. L'arbre The firm did a general banking and brokerage business and had a few foreign clients. Morgan Family. J. P. Morgan was born in Hartford, Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. 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. 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. 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. 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. [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. 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. [20][26] After the panic and near collapse of Peabody & Co., Morgan became a more cautious investor, demanding statements from all correspondent banks, even at the risk of offending them and even from well-respected former colleagues. Morgan urged Pierpont to withdraw his name from consideration, and he did. [45], Morgan was "tall with sloping shoulders" and a thickening midriff, a wide face, light blue eyes, a prominent nose, and a firm mouth. They maintained a twice-weekly correspondence for thirty-one years, which Pierpont burned in 1911.[58]. Candidates . 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. 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. pigella miraculous ladybug power. The Beaux-Arts Morgan Memorial of 1910-15 was designed by Benjamin Wistar Morris. Having ceased to undertake large industrial reorganizations, Morgan thereafter concentrated on amassing control of various banks and insurance companies. Junius Spencer Morgan III (1892-1960) Capt. Junius Spencer. In 1902 Morgan brought together several of the leading agricultural-equipment manufacturers to form the International Harvester Company. They were the parents of at least 2 sons and 1 daughter. At the age of 21, he became a soldier in the company of Captain Josiah Kellogg of Suffield. Anonymous @ 2011-12-25 19:59:00 . Juliet Pierpont Morgan . 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. Margaret Geer Walker lives there, Anonymous @ 2021-02-06 20:05:03 . Within a year, the business struggled sufficiently that Joseph Morgan had to bail his son out and dissolve the partnership. [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. Touring the world with friends one mile and pub at a time; southlake carroll basketball. 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. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. J. P. Morgan. He received an A.B. [15] 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. 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. Morgan demurred but eventually accepted, joining the firm as junior partner in October 1854. [25], Peabody declined a conditional bailout from the major London houses which would have closed the firm, instead receiving an emergency line of credit of 800,000 from the Bank of England. Funny to see that hes my 6th cousin as Im taking a work break from sending documents to JP Morgan Chase . CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. 3I. 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. Please refer to the appropriate style manual or other sources if you have any questions. When healthy, he frequented galleries and concerts with his parents, sparking a lifelong fascination with the arts. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). In time Junius allowed friends to build on the island. 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. WARREN TIMES-MIRROR The Only Paper in Many Hom es Th One Paper in Most Honnes (>0()l> E \ ENTNG Hincp .scientists are so good at digging up things, we suggest tliey turn their efforti- to more ration points. J. P. Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (18131890) and Juliet Pierpont (18161884) of Boston, Massachusetts. 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. Lucy was the mother of James J. Goodwin and the Rev. . 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. He is buried in Cedar Hill Cemetery, Hartford, Connecticut. He began his business career in 1829 by entering the employ of Alfred Welles of Boston. Born in New York City, New York, USA on 15 MAR 1892 to John Pierpont "Jack" Morgan and Jane Norton Grew. from Harvard University in 1914. J P Morgan. 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. [70], Last edited on 25 February 2023, at 17:50, Connecticut Mutual Life Insurance Company, "J.S. He helped to achieve railroad rate stability and discouraged overly chaotic competition in the East. Enter a grandparent's name. 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. Design area: 5 1/4 x 8 7/16 inches (134 x 215 mm) Gift of Mr. John P. Morgan, II. "To acquire an entire island of this magnitude and beauty is a once-in-a-lifetime opportunity," Ms. Devendorf said, adding that it lies within an hours drive from New York City (the island has a private causeway connecting to the mainland) and is less than 30 minutes by air or sea to the city. There is 1 volunteer for this cemetery. 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. Morgan's life and career took another turn after the death of his father in 1890. junius spencer morgan junius spencer morgan. 1902. 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. stream 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. 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. [19], Upon Morgan's arrival in London in 1854, Peabody & Co. was immediately in a position of strength as a leading dealer in American securities in the city; American grain, cotton, and railroad values soared during and after the Crimean War. Enter a grandparent's name. [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. Morgan & Co., House of Morgan) Born: 1813 Died: 1890 d. after carriage accident Gen. Pierpont Hamilton's Great-Grandfather. 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. Login to find your connection. The firm gave Morgan access to global markets, exporting and financing cotton and other goods shipped from Boston harbor. 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. Famouskin.com also includes ancestoral charts showing the family relationships of J.P. Morgan to many famous kin. Charcoal and stumping on wove paper. Morgan's grandson later recalled this as "at that time, the bitterest disappointment of his life". Morgan & Co. Morgan sought to prop up the price by purchasing as many bonds as he could. [1] Career While every effort has been made to follow citation style rules, there may be some discrepancies. Inscription: Signed in pen and black ink, at lower right, "Junius March 10 / 1902". 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. 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. He was instrumental in forming major corporations such as U.S. Steel, International Harvester, and General Electric and had controlling interests in various businesses, including Aetna, Western Union, Pullman Car Company, and 21 railroads. He entered business in Connecticut, operating a tavern, coffee house, and stagecoach line,[4] and was a founding partner in the Aetna Fire Insurance Company in 1819. In April 1912 Morgan had a booking on the maiden voyage of White Stars Titanic but was forced to cancel, reportedly because of an illness. After all-night negotiations went nowhere, Morgan ended the stalemate by drawing up a bailout contract and ordering the exhausted presidents to sign. Also contains a letter from Junius Spencer Morgan to J. Pierpont Morgan gnalogique Dowling avec plus d'un demi-million de parents, From about 1836 to 1853, he was in the dry-goods business. Initially a smart but indifferent student, he began showing improved grades by the time he attended English High School in Boston. 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. Sunrise 7:55. Have you taken a DNA test? 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. 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. [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. Morgan and his partners actively promoted great mergers after 1922 and controlled . In October 1861, Morgan married Amelia Sturges in Manhattan, New York. [42], In 1877, Morgan began a semiretirement, cutting back on his schedule and ceding greater authority to his son. J.P. Morgan, in full John Pierpont Morgan, (born April 17, 1837, Hartford, Connecticut, U.S.died March 31, 1913, Rome, Italy), American financier and industrial organizer, one of the world's foremost financial figures during the two pre-World War I decades. Morgan III. In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General . 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. Let us know if you have suggestions to improve this article (requires login). Sarah Spencer Morgan (1893-1949), married Henry B. Gardner (1891-1932) in 1913. She married George Hale Morgan on 27 June 1866, in Connecticut, United States. 2008 - 2023 INTERESTING.COM, INC. If so, login to add it. [11], Though married in his father-in-law's Unitarian church, Morgan attended his own father's Episcopal church in Hartford. Sunset 6:13. He co-founded the banking firm that became J.P. Morgan & Co. in 1871, and in the 1880s he established himself as a power player in the country's railroad industry. Additionally, the lifelong art enthusiast began exponentially expanding an already impressive collection of valuable works. The Dowling Family Tree with over half a million relatives, It was a question of success. 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. gnalogique Dowling avec plus d'un demi-million de parents, By estimates, there were about 150 lavish estates built during that time, the majority of which have been turned into hotels and residential compounds. [43] At the dinner, Morgan stated:[36], "never do anything to cause evil to be spoken of the American name. J. S. Morgan began collecting as a student, and was early attracted to Virgil probably through the influence of Dean West. Pierpont, as he preferred to be known, had a varied education, due in part to interference by his father, Junius. Cloudy and con- tii.upd cool Warren Temp.. Hig-h iO: Low 35. lis! Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. 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 Family Members He began working for his father at a young age and attended the University of Gottingen, a German language school. John Pierpont Morgan 1837-1913 Married in 1861, New York, NY, to Amelia . Login to find your connection. In 1836, he married John Pierpont Morgan's mother, Juliet. junius spencer morgan 30 Nov. junius spencer morgan. [14], On May 15,[16] 1853, at the recommendation of James Beebe, Morgan visited the American banker George Peabody in London. He later attended high school in Boston, specializing in mathematics. Junius is one of those names that's growing on us, along with many of its Roman countrymen such as Julius and Atticus. If so, login to add it. 1892-1960. The PEDIGREE of Junius Spencer MORGAN (major banker; founder & eponym of J.S. He passed away on 19 Oct 1960 in Simcoe, Norfolk, Ontario. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. Nous sommes tous 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. The TV star, who was aged just 10 when it happened, retold Alex Jones and Roman Kemp about . 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. "[43][36], As Junius took a less active role and Pierpont continued to accrue massive profits, the balance of power within the Morgan empire shifted from London to New York City. Ms. Devendorf declined to confirm Ms. Walker as the owner of the property. Leave a message for others who see this profile. However, despite Morgan's best efforts to nurse his bride back to health, she passed away in February 1862. << /Length 6 0 R /Filter /FlateDecode >> . 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. "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. 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. You can't pick cherries with your back to the tree. It was this fortune which eventually placed J.P. Morgan's father, Junius Spencer Morgan, in the banking business. I hire a lawyer to tell me how I can do what I want to do! Family Life JP Morgan Jr. married Jane Norton Grew. 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. . Junius Morgan book. In the mid-20th century, he started to allow his friends and family to build houses on there, each with five or six acres of land. In 1907, Morgan again was called to aid the U.S. government in the grips of economic panic. {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. Husband of Juliet Morgan A protracted legal battle was settled when the Supreme Court ruled in favor of the government in 1904. 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. The carriage hit a pile of stone and Morgan was thrown against the wall. WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. Have you taken a DNA test? Joseph personally bought the stakes of Aetna investors who hesitated to pay on the policies. Junius Spencer Morgan III married Emma Louise Converse and had 2 children. 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 was a devout Episcopalian. Linked to: Timothy Michael Dowling, 6th cousin 5x removed, {{ mediasCtrl.getTitle(media, true) }} 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. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. Major children and living persons must directly contact the. At the age of 13, he was enrolled at the American Literary, Scientific, and Military Academy (now Norwich University) in Middletown, Connecticut near the home of his mother's parents. [39], Morgan was now the wealthiest American banker in London and moved into a Knightsbridge mansion facing the south side of Hyde Park. 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.