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. 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. [47] He had a "dry wit and genial manor and employed iron discipline." 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. Morgan Family. . ", 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. 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. Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. In 1836, he married John Pierpont Morgan's mother, Juliet. [38], Another windfall arrived at Morgan's doorstep that same year when Philadelphia's Anthony Drexel proposed an affiliation with J. S. Morgan & Co. Drexel was then Philadelphia's second power in government finance after Jay Cooke. All property prices are as stated by the listing agent. Morgan | Infoplease 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 Morgan III Wikipedia Republished // WIKI 2 Morgan & Co. into the upper ranks of international finance. Ms. Walker couldnt immediately be reached for comment. 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. Wrong username or password. Spencer was on the show to talk about his new Disney+ documentary, Finding Michael, released on Friday. Junius Spencer Morgan was born on April 14, 1813 in Holyoke, Massachusetts. He then looked to the financial and insurance industries, in which his banking firm also achieved a concentration of control. 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. 1981.2:2 . discoveries. Upon his father's death, he inherited part of Chicopee Field. Dowling We know it's short notice, so don't fret too much. The firm did a general banking and brokerage business and had a few foreign clients. Junius is one of those names that's growing on us, along with many of its Roman countrymen such as Julius and Atticus. Joseph Morgan made a fortune from his holdings. Initially a smart but indifferent student, he began showing improved grades by the time he attended English High School in Boston. [62], Like his father, Morgan was a strong supporter of the Whig Party. 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. 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. His paternal grandparents were Junius Spencer Morgan (1813-1890) [3] and Juliet Pierpont (1816-1884), the daughter of John Pierpont. There is 1 volunteer for this cemetery. It became J.P. Morgan and Company in 1895 and is now JPMorgan Chase & Co. [4] [5] Career. TH E W E A TH E R Snow or rain. Leave a message for others who see this profile. He was named after his maternal grandfather, and much like his Uncle Pierpont, he was a great collector. PDF J. P. Morgan - ahschools.us A sickly child who suffered seizures and other mysterious ailments, Pierpont, as he was known, spent long periods sheltered at home. Updates? Junius Spencer Morgan, 1813-90, b. 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 . WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. 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. Juliet Pierpont Morgan (18471923), who was the mother of John Junius Morgan (d. 1952). After college, Junius Morgan worked as a New York banker, retiring from the field as a partner in the firm of Cuyler, Morgan & Co. in 1906. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. Junius Spencer Morgan, III won (41%) against 2 opponents. [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. West Springfield, Mass., prospered at investment banking. Junius Spencer Morgan, 1813-90, b. [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. The estate, located near Glen Cove, also has a remarkable history. 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. Family tree of J. P. MORGAN - Geneastar 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. The assistant librarian was Junius Spencer Morgan, nephew of wealthy financier J. P. Morgan. Famouskin.com also includes ancestoral charts showing the family relationships of J.P. Morgan to many famous kin. In 1845, his father invested an additional $25,000 in the firm on Junius's behalf. Collections Online | British Museum Morgan & Co., House of Morgan) Born: 1813 Died: 1890 d. after carriage accident Gen. Pierpont Hamilton's Great-Grandfather. gnalogique Dowling avec plus d'un demi-million de parents, 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. Career He began his business career in 1829 by entering the employ of Alfred Welles of Boston. To commemorate his passing, the New York Stock Exchange remained closed until noon on the day of his funeral. Descendants. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). 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. . In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. Cookes firm collapsed on September 18, triggering a wave of bank failures as part of the Panic of 1873. The 27,000-square-feet stone manor has grand-scale living and entertaining spaces with views of the Long Island Sound, Manhattan and Connecticut. [40], In 1873, Morgans American presence dramatically increased after the failure of Jay Cookes banking empire. The immense scope of Morgan's power came to light in the wake of the Panic of 1893. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. By the early 1900s, Morgan was the main force behind the Trusts, controlling virtually all the basic American industries. J.P. Morgan - The Life and Deals of America's Banker: Insight and Analysis into the Founder of Modern Finance and the American . Family Life JP Morgan Jr. married Jane Norton Grew. 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 Pierpont Morgan : Family tree by Tim DOWLING (tdowling) - Geneanet ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. 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. J.P. Morgan (1837-1913) - Find a Grave Memorial Throughout, Morgan and Peabody maintained their confidence in Field's project. 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. [63] Morgan was a close friend of the Whig politician and diplomat Abbott Lawrence. Candidates . 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 With the retirement of Dabney in 1871, Morgan joined forces with Philadelphia banker Anthony Drexel to found Drexel, Morgan & Co., which took up residence in a towering new building in lower Manhattan. 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. 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. Sunrise 7:55. Devastated, the young businessman returned to New York and plunged himself into his work. Full text of "Cynthiana democrat (The), 2014-10-16" 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. Morgan's astounding success transformed the financial industry and left behind a powerful legacy. Junius Spencer Morgan III - Alchetron, the free social encyclopedia [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. lis! Major children and living persons must directly contact the. If so, login to add it. 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. Morgan, American family of financiers and philanthropists. 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. [13], By February 1851, Morgan sold his stake in Howe & Mather for $600,000 and moved to Boston's Pemberton Square. Founder of United States Steel Corporation. The most expensive listing in the U.S. is a West Coast home asking $350 million. 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. *FREE* shipping on qualifying offers. While every effort has been made to follow citation style rules, there may be some discrepancies. [39], Morgan was now the wealthiest American banker in London and moved into a Knightsbridge mansion facing the south side of Hyde Park. We are featuring this profile in the Connection Finder this week. 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. Mountain Landscape with Bridge over Waterfall. [6], During the Panic of 1837, Morgan traveled the South in an effort to collect the firm's debts, in specie if possible but often in payments of cotton. Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. Junius S. Morgan II: Nephew and Adviser Username and password are case sensitive. "[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. contains thousands of pictures and GeneaStars. Born on December 3, 1702, Joseph began to learn to weave at a young age. Continuing with this request will add an alert to the cemetery page and any new volunteers will . The executives eventually agreed to terms in what became known as the Corsair Compact. The yearly tax for the property is about $570,000. Junius Spencer Morgan I (14 Apr 1813 - 8 Apr 1890) 0 references . Son of Joseph Morgan, III and Sarah "Sally" Morgan Though Peabody & Co. made a significant investment in the Transatlantic cotton trade, its principal business was still with correspondent banks in the Eastern United States and with railroad companies. Junius S. Morgan III, U.S.N., of 'Salutation' Glen Cove, Long Island, N.Y. zoom_in 2 images. stream [70], Last edited on 25 February 2023, at 17:50, Connecticut Mutual Life Insurance Company, "J.S. Morgan's life and career took another turn after the death of his father in 1890. lis! 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. 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. It was a question of success. Together they had three children: Sarah Spencer Morgan, Alexander Perry Morgan and Lucrutia Morgan who died at birth. [60], He contributed money to the Hartford Free Library,[61] his church and to Trinity College, Hartford. 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. Samuel Spencer (1670 - 1756), my sixth great grandfather, and Morgan's third great grandfather. The Four Horsemen, from "The Apocalypse" - The Metropolitan Museum of Art walmart springfield, mo tire and lube hours . Charcoal and stumping on wove paper. Born in New York City, New York, USA on 15 MAR 1892 to John Pierpont "Jack" Morgan and Jane Norton Grew. Fans vent fury as Spencer Matthew's documentary Finding Michael fails 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) Signup for our newsletter to get notified about our next ride. Son of Junius Spencer Morgan I and Juliet (Pierpont) Morgan Brother of Sarah Spencer Morgan, Mary Lyman (Morgan) Burns, Junius Spencer Morgan II and Juliet Pierpont Morgan Husband of Amelia (Sturges) Morgan married 7 Oct 1861 in New York, USA Husband of Frances Louise (Tracy) Morgan married 31 May 1865 [location unknown] Descendants John Pierpont Morgan was an American financier and investment banker during the Gilded Age. Early Years and Father's Death JP Morgan: Progressive Era In 1907, Hartford-born J. Pierpont "J.P." Morgan, a Gilded Age banking tycoon, proposed building the Junius Spencer Morgan Memorial in his father's honor. Junius Spencer Morgan (American) The Metropolitan Museum of Art. Categories: Cedar Hill Cemetery, Hartford, Connecticut | Financiers | RMS Titanic | Titanic's Just-Missed-It Club | White Star Line | Featured Connections | United States of America, Notables | Notables, WIKITREE HOME | ABOUT | G2G FORUM | HELP | SEARCH. Pierpont also joined Drexel's Philadelphia firm and his Paris firm, giving the Morgans footholds in four cities. In 1854, Junius Morgan moved the family to London to begin his new career as a partner in the banking firm of George Peabody & Co. Pierpont was sent to the Institute Sillig in Switzerland, where he became fluent in French and displayed an aptitude for mathematics, and then to Gttingen University in Germany. Although he twice bailed out the U.S. Treasury, his ability to do so left many unsettled, spurring the creation of the Federal Reserve System in late 1913. I don't want a lawyer who tells me what I can't do. [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. However, despite Morgan's best efforts to nurse his bride back to health, she passed away in February 1862. Junius Spencer Morgan and his family lived on the island for decades. If so, login to add it. Lucy was the mother of James J. Goodwin and the Rev. 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. I hire a lawyer to tell me how I can do what I want to do! Three years later he began financing a series of giant industrial consolidations that were to reshape the corporate structure of the American manufacturing sector. J. P. Morgan. Aptly-named House Island comes w/ 4 houses, 5 beaches and 12.8 acres. He spent winters at the Villa Henriette in Monte Carlo. J. Pierpont Morgan is arguably the most famous banker in American history, b. discoveries. [20] Some of Peabody's largest clients suspended business or failed entirely, and Duncan Sherman was unable to pay its remittances without assistance. 2008 - 2023 INTERESTING.COM, INC. 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. 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. Get a Britannica Premium subscription and gain access to exclusive content. contains thousands of pictures and GeneaStars. In 1902, the Justice Department charged Northern Securities with violating the Sherman Antitrust Act of 1890. Peabody also forced unfavorable terms on Morgan's lease of the bank's 22 Old Broad Street offices. Philanthropist, Industrialist, Businessman, American financier, banker, philanthropist and art collector, Born on April 17, 1837 L'arbre Father of John Pierpont Morgan, Sr.; Sarah Spencer Morgan; Mary Lyman Burns; Junius Spencer Morgan and Juliet Morgan Morgan Family - NNDB Following the death of Drexel that year, Pierpont again reorganized his company into J.P. Morgan & Co.