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. 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. Brother of Mary (Morgan) Smith and Lucy (Morgan) Goodwin. 2008 - 2023 INTERESTING.COM, INC. 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. -- PBS Online, 1999, {{ mediasCtrl.getTitle(media, true) }} gnalogique Dowling avec plus d'un demi-million de parents, CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. [10] [14] During the Great Depression he took heavy financial losses. Though Peabody retired as promised, he denied Morgan the use of his name and capital. In 1836, he married John Pierpont Morgan's mother, Juliet. A man always has two reasons for doing anything: a good reason and the real reason. Have you taken a DNA test? We are not responsible for any loss that you may incur as a result of relying on these currency conversions. He was named after his maternal grandfather, and much like his Uncle Pierpont, he was a great collector. Born 14 Apr 1813 in Hartford, Hartford, Connecticut, United States. [45], Morgan was "tall with sloping shoulders" and a thickening midriff, a wide face, light blue eyes, a prominent nose, and a firm mouth. 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. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. 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. [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. Junius S. Morgan III, U.S.N., of 'Salutation' Glen Cove, Long Island, N.Y. zoom_in 2 images. The couple had five children: Junius, Henry, Jane, and Frances lived to adulthood, but Alice died of typhoid fever. 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. [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. Your Privacy Choices: Opt Out of Sale/Targeted Ads, Name: John Pierpont Morgan, Birth Year: 1837, Birth date: April 17, 1837, Birth State: Connecticut, Birth City: Hartford, Birth Country: United States. 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. Mother Sarah Sally Spencer Morgan. He suffered a broken wrist and concussion and was unconscious for five days until his death on April 8, 1890. 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. Junius Spencer Morgan was an incredibly successful banker and financier, as he founded the bank J.S. [40], In 1873, Morgans American presence dramatically increased after the failure of Jay Cookes banking empire. L'arbre He then acquired control of many leading financial and insurance companies. The outdoor landscaping was overseen by Frederick Law Olmsted, the celebrated landscape architect responsible for Central Park, according to Ms. Devendorf. [27][28][29], Despite their own financial difficulties in this period, Peabody and Morgan were chief backers of Cyrus West Field's bedeviled transatlantic cable project throughout. Miles Morgan]], ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. [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. 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. Drexel allied his bank with Peabody's through Morgan, forming one of the most powerful and important banking alliances in American history. They write new content and verify and edit content received from contributors. 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 . Mr. Morgan visited England in 1853, and was offered a partnership in the firm of George Peabody and Co., which he accepted on 1 October, 1854, and ten years later, on the retirement of Mr. Peabody, the firm became J. S. Morgan and Co. It was a question of success. There is 1 volunteer for this cemetery. 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 ; Services to Be Held Today at Highland Falls and Here on Sunday", "J. S. Morgan Dies In Switzerland; Retired Banker Emulated Ex- ample of Uncle, the Late j. P., as Art Collector. Morgan was also among the foremost collectors of art and books of his day; his book collection and the building that housed it in New York City are now The Pierpont Morgan Library. " Son of Joseph Morgan, III and Sarah "Sally" Morgan [4] In 1880, he and his family were living in New York City. 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. Hearst Magazine Media, Inc. Site contains certain content that is owned A&E Television Networks, LLC. Their relationship, though separated by an ocean and wildly divergent personalities, was close. Born on December 3, 1702, Joseph began to learn to weave at a young age. In 1902 Morgan brought together several of the leading agricultural-equipment manufacturers to form the International Harvester Company. He was interred at the family lot in Cedar Hill Cemetery in Hartford. 1844 d. 1919. % [66], At his death, he left a fortune of $12,400,000 (equivalent to $370,000,000 today). Junius Spencer Morgan (American) The Metropolitan Museum of Art. 1890 death: From grandparents to grandchildren [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. discoveries. From 1854, he was partner, with George Peabody, in the English banking house of George Peabody & Co. 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. L'arbre 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. Posted at 21:44h in bonobos walmart acquisition by mexico city time change. 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. contains thousands of pictures and GeneaStars. 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. Sunset 6:13. Nathaniel's son, Joseph Morgan, was the fifth of seven children. 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. 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. WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. Cloudy and con- tii.upd cool Warren Temp.. Hig-h iO: Low 35. 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. [49] Together, they had:[50][51], Morgan poured tremendous effort into his son and heir J. Pierpont. Junius Origin and Meaning The name Junius is boy's name of Latin origin meaning "born in June". Signup for our newsletter to get notified about our next ride. 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. Ms. Devendorf declined to confirm Ms. Walker as the owner of the property. [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. Peabody also forced unfavorable terms on Morgan's lease of the bank's 22 Old Broad Street offices. 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 . We may earn commission from links on this page, but we only recommend products we back. 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. 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. 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. All charts include source citations for ancestors in the charts. junius spencer morgan junius spencer morgan. Morgan members were notable for dominating the banking industry during . from Harvard University in 1914. J. P. Morgan. Great though his resources were, Morgan could not finance such enormous sales of stocks and bonds entirely through his own and his father's partnerships. 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 Sr. founded the eponymous bank and dominated American corporate finance in the late 19th and early 20th centuries. 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. . [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. (1892 - 1960) Photos: 745. Mary Lyman Morgan Burns 1844 - 1919. 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.