In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. At his death, in 1890, he left a fortune estimated at about $10,000,000. If so, login to add it. 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 worlds foremost financial figures during the two pre-World War I decades. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was 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. 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. At the age of 21, he became a soldier in the company of Captain Josiah Kellogg of Suffield. [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. Please try again. He married in 1836 Juliet, daughter of John Pierpont, the poet (q. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). Birth 14 April 1813 - West Springfield, Massachusetts. The syndicate bought and quickly resold the bonds in early 1895, stabilizing the shaky economy. 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. Records: 4,977. 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. The map below shows the places where the ancestors of the famous person lived. Please enable JavaScript in your browser's settings to use this part of Geni. Meanwhile, Pierpont struck up a new romance with Frances Louisa "Fanny" Tracy, the daughter of a New York lawyer. Career He began his business career in 1829 by entering the employ of Alfred Welles of Boston. junius spencer morgan 30 Nov. junius spencer morgan. Morgan and his partners actively promoted great mergers after 1922 and controlled . He headed a group of bankers who took in large government deposits and decided how the money was to be used for purposes of financial relief, thereby preserving the solvency of many major banks and corporations. Aptly-named House Island comes w/ 4 houses, 5 beaches and 12.8 acres. [49] Together, they had:[50][51], Morgan poured tremendous effort into his son and heir J. Pierpont. Touring the world with friends one mile and pub at a time; southlake carroll basketball. Junius Spencer Morgan Events. J. P. Morgan was born in Hartford, Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. Morgan successfully led the American financial communitys attempt to avert a general financial collapse following the stock market panic of 1907. He remained as a clerk for five years, gaining exposure to the banking industry, as well as a number of mercantile trades in Boston and New York. 1902. 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. Following the death of Drexel that year, Pierpont again reorganized his company into J.P. Morgan & Co. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. Geni requires JavaScript! 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. WIKITREE HOME | ABOUT | G2G FORUM | HELP | SEARCH. 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. After being recommended, Greene met with Morgan in 1905, and was hired . Morton. 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! In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. discoveries. 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. %PDF-1.3 Junius Spencer. 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. He was of Hartford, Conn., but later associated with the Banking-house of Peabody & Morgan of London, England, where he resided many years. Mary Lyman Morgan Burns 1844 - 1919. Morgan's grandson later recalled this as "at that time, the bitterest disappointment of his life". Born 14 Apr 1813 in Hartford, Hartford, Connecticut, United States. 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. 1844 d. 1919. Junius Spencer Morgan III was born on March 15, 1892, to Jane Norton Grew and Jack Morgan (1867-1943), who was a banker and the son of J. Pierpont Morgan (1837-1913), the renowned financier. Morgan spent his first few months working for Peabody in the United States, establishing contacts with American clients like Duncan, Sherman & Company, reaching out to new potential clients, and gathering information. 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. Family Life JP Morgan Jr. married Jane Norton Grew. 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. [47] He had a "dry wit and genial manor and employed iron discipline." He contributed money to Trinity College, Hartford. Junius Spencer Morgan (1813-1890) owned part of a large mercantile house (trading company) in Hartford, advanced to a larger one in Boston, Massachusetts, and . 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. 1844 child birth: Mary Lyman Morgan b. rootsweb: Click Here 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. All charts include source citations for ancestors in the charts. By estimates, there were about 150 lavish estates built during that time, the majority of which have been turned into hotels and residential compounds. If not, see our friends at Ancestry DNA. Father Joseph Morgan (Spencer) II. Within a year, the business struggled sufficiently that Joseph Morgan had to bail his son out and dissolve the partnership. Family Members They maintained a twice-weekly correspondence for thirty-one years, which Pierpont burned in 1911.[58]. Peabody pledged the bank could continue to use his name and if necessary, some capital. arwiki . 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. 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. 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. 1892-1960. Famouskin.com also includes ancestoral charts showing the family relationships of J.P. Morgan to many famous kin. Junius is 18 degrees from Jennifer Aniston, 15 degrees from Drew Barrymore, 16 degrees from Candice Bergen, 17 degrees from Alexandre Dumas, 18 degrees from Carrie Fisher, 27 degrees from Whitney Houston, 14 degrees from Hayley Mills, 16 degrees from Liza Minnelli, 18 degrees from Lisa Presley, 18 degrees from Kiefer Sutherland, 18 degrees from Bill Veeck and 18 degrees from Brian Nash on our single family tree. Though Peabody retired as promised, he denied Morgan the use of his name and capital. He then acquired control of many leading financial and insurance companies. However, despite Morgan's best efforts to nurse his bride back to health, she passed away in February 1862. You can't pick cherries with your back to the tree. 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. [7] Upon his death, his artwork collection was donated. 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. "John Pierpont Morgan was an American financier, banker, philanthropist, and art collector . If so, login to add it. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. 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. Joseph personally bought the stakes of Aetna investors who hesitated to pay on the policies. J. P. Morgan. Philanthropist, Industrialist, Businessman, American financier, banker, philanthropist and art collector, Born on April 17, 1837 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 . [35], Still, Morgan was ambitious to place his bank on par with the Rothschilds and Barings Bank. Get a Britannica Premium subscription and gain access to exclusive content. When Sarah Spencer Morgan was born on 5 December 1839, in Hartford, Hartford, Connecticut, United States, her father, Junius Spencer Morgan Sr., was 26 and her mother, Juliet Pierpont, was 23. 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,