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. Together they had three children: Sarah Spencer Morgan, Alexander Perry Morgan and Lucrutia Morgan who died at birth. junius spencer morgan great grandchildren. Morgan's astounding success transformed the financial industry and left behind a powerful legacy. [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. Junius Spencer Morgan Photos and Premium High Res Pictures - Getty Images [49] Together, they had:[50][51], Morgan poured tremendous effort into his son and heir J. Pierpont. 1813 birth: . If not, see our friends at Ancestry DNA. % 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. His paternal grandparents were Junius Spencer Morgan (1813-1890) [3] and Juliet Pierpont (1816-1884), the daughter of John Pierpont. The Beaux-Arts Morgan Memorial of 1910-15 was designed by Benjamin Wistar Morris. 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. Junius Origin and Meaning The name Junius is boy's name of Latin origin meaning "born in June". Family tree of J. P. MORGAN - Geneastar 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. The carriage hit a pile of stone and Morgan was thrown against the wall. Sarah Spencer Morgan (1893-1949), married Henry B. Gardner (1891-1932) in 1913. The TV star, who was aged just 10 when it happened, retold Alex Jones and Roman Kemp about . 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. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. More:Gatsby-esque Mansion on Long Island Gets $15M Chopped Off its $100M Asking Price. When his horses bolted at an oncoming train, Morgan stood to see if his driver could steady the horses. We use cookies to make our website work more efficiently, to provide you with more personalised services or advertising to you, and to analyse traffic on our website. [5] In 1910, at the age of 74, he was living with his wife Frances and daughter Anne in Manhattan. 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. In 1915, he married Louise, daughter of the celebrated composer Frederick S. Converse and a great-granddaughter of the "Ice King" Frederic Tudor. 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 led a syndicated bond issue of 10,000,000, which the syndicate sold at 15 points below par. 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? Contents. [68][69] At the Connecticut State Capitol, flags were flown at half-mast in mourning. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. Some of Peabody's own creditors, including rival Barings Bank, demanded immediate payment on their debts. 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. 1785-1866 & Mary Sheldon Lord 1787-1855) with. 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. Morgan at the time was building a library at the corner of Madison Avenue and 38th Street in New York City and was looking for someone to help him cultivate his growing collections. L'arbre 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. Junius Spencer Morgan III 1892-1960 - Ancestry J.P. Morgan - Life, Family & Philanthropy - Biography 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. 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. Primary source of wealth: J. P. Morgan & Co.. . Father Joseph Morgan (Spencer) II. Updates? During the depression that followed the panic of 1893, Morgan formed a syndicate that resupplied the U.S. governments depleted gold reserve with $62 million in gold in order to relieve a Treasury crisis. From about 1836 to 1853, he was in the dry-goods business. [14], On May 15,[16] 1853, at the recommendation of James Beebe, Morgan visited the American banker George Peabody in London. 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. 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. Login to find your connection. J P Morgan. 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. 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. [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. 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. "[48], In 1836, Morgan married Juliet Pierpont (18161884), daughter of John Pierpont (17851866), a poet, lawyer, merchant, and Unitarian minister. J.P. Morgan - Biography, Financier & Wealth - HISTORY Junius S. Morgan III, U.S.N., of 'Salutation' Glen Cove, Long Island, N.Y. zoom_in 2 images. Ms. Walker couldnt immediately be reached for comment. 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. 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. 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) 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. He then looked to the financial and insurance industries, in which his banking firm also achieved a concentration of control. Also in 1901, Morgan teamed with James J. Hill to form the Northern Securities Company. Pedigree: Junius Spencer MORGAN Morgan was one of the greatest art and book collectors of his day, and he donated many works of art to the Metropolitan Museum of Art in New York City. 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. Three years later he began financing a series of giant industrial consolidations that were to reshape the corporate structure of the American manufacturing sector. The syndicate bought and quickly resold the bonds in early 1895, stabilizing the shaky economy. J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. 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. About: Junius Spencer Morgan - dbpedia.org Junius is one of those names that's growing on us, along with many of its Roman countrymen such as Julius and Atticus. After finishing his education in 1857, Morgan moved to New York to work as a clerk at Duncan, Sherman & Co., the American branch of his father's firm. 1890 death: From grandparents to grandchildren PDF By D. A. Sharpe rootsweb: Click Here Joseph Morgan handed to his son, besides fortune and the capacity for making more money, a genial disposition; he had the qualities of the old-time host in the hotel business, and his . 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. L'arbre In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. J.P. Morgan (1837-1913) - Find a Grave Memorial 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. Junius Spencer Morgan : Family tree by Tim DOWLING (tdowling) - Geneanet Collections Online | British Museum Morgan & Co. Morgan sought to prop up the price by purchasing as many bonds as he could. 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. Junius Spencer Morgan 1846 - 1858. J. S. Morgan began collecting as a student, and was early attracted to Virgil probably through the influence of Dean West. The compound is being offered as a whole, meaning no individual houses are available for sale separately. rootsweb: Click Here 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. Early Years and Father's Death JP Morgan: Progressive Era [42], In 1877, Morgan began a semiretirement, cutting back on his schedule and ceding greater authority to his son. Mountain Landscape with Bridge over Waterfall. Junius Spencer MORGAN 1813-1890 - Ancestry Dowling In 1902 Morgan brought together several of the leading agricultural-equipment manufacturers to form the International Harvester Company. junius spencer morgan great grandchildren Sarah Spencer Morgan (1839-1896) FamilySearch . 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. 1892-1960. Within a year, the business struggled sufficiently that Joseph Morgan had to bail his son out and dissolve the partnership. Username and password are case sensitive. 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. Please try again. He was interred at the family lot in Cedar Hill Cemetery in Hartford. 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. He later attended high school in Boston, specializing in mathematics. 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. 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. "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. 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. Morgan used his company's funds to purchase the coffee, and then sold it to local merchants for a profit. He then acquired control of many leading financial and insurance companies. contient des milliers de photos et GeneaStars. 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. The Virginian-Pilot from Norfolk, Virginia on September 28, 1962 38 Morgan's grandson later recalled this as "at that time, the bitterest disappointment of his life". 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. Juliet Pierpont Morgan (18471923), who was the mother of John Junius Morgan (d. 1952). Also contains a letter from Junius Spencer Morgan to J. Pierpont Morgan Morton. 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. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. archive.org 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. J. P. Morgan. the tall man aboriginal spirit; metadata api request failed: component conversion failed: file_ended; caleb foote sandlot 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. gnalogique Dowling avec plus d'un demi-million de parents, 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. This connection would eventually lead to her employment with financier and banker J. P. Morgan starting in 1905 as Junius introduced Greene to his uncle.
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