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. junius spencer morgan great grandchildren. [35] Morgan succeeded Peabody as head of the firm and reluctantly changed its name to J. S. Morgan & Co.[36] Despite his disappointment, J. S. Morgan was the largest American bank in London and had earned 444,000 in the prior ten years, leaving Morgan a powerful platform for future investments. [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. 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. John Pierpont Morgan (April 17, 1837 - March 31, 1913) was an American financier, banker and art collector who dominated corporate finance and industrial consolidation during his time. 5 0 obj 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. Dowling 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. 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. It was a question of success. [39], Morgan was now the wealthiest American banker in London and moved into a Knightsbridge mansion facing the south side of Hyde Park. father: Junius Spencer Morgan mother: Juliet Pierpont children: Anne Morgan, J. P. Morgan Jr., Juliet Pierpont Morgan, Louisa Pierpont Morgan Born Country: United States Bankers American Men Died on: March 31, 1913 place of death: The St. Regis Rome, Rome, Italy U.S. State: Connecticut City: Hartford, Connecticut gnalogique Dowling avec plus d'un demi-million de parents, He married Emma Louise Converse on 16 June 1915, in Saint Pauls Episcopal Church, Millis, Norfolk, Massachusetts, United States. 1844 child birth: Mary Lyman Morgan b. He returned to the United States in 1857, and entered the banking-firm of Duncan, Sherman and Co., of New York. 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. 1902. Outgoing letters are addressed to her sister, Mary Kirkland Tracy. 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. Meanwhile, Pierpont struck up a new romance with Frances Louisa "Fanny" Tracy, the daughter of a New York lawyer. By the early 1900s, Morgan was the main force behind the Trusts, controlling virtually all the basic American industries. [11], Though married in his father-in-law's Unitarian church, Morgan attended his own father's Episcopal church in Hartford. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. They maintained a twice-weekly correspondence for thirty-one years, which Pierpont burned in 1911.[58]. Junius Spencer Morgan was an incredibly successful banker and financier, as he founded the bank J.S. 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. gnalogique Dowling avec plus d'un demi-million de parents, We are all related! 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. Joseph Morgan made a fortune from his holdings. [4] [5] Career. The map below shows the places where the ancestors of the famous person lived. 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. Morton. Devastated, the young businessman returned to New York and plunged himself into his work. 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 & Co., House of Morgan) Born: 1813 Died: 1890 d. after carriage accident Gen. Pierpont Hamilton's Great-Grandfather. Wrong username or password. rootsweb: Click Here Biography and associated logos are trademarks of A+E Networksprotected in the US and other countries around the globe. They write new content and verify and edit content received from contributors. He also purchased Dover House in Roehampton. [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. Through his New York social circle, Morgan grew close to Amelia "Memie" Sturges, the daughter of a successful merchant. 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. Morgan members were notable for dominating the banking industry during . Morgan was born on 17 April 1837 in Hartford, Connecticut. [15] Family Members Lucy was the mother of James J. Goodwin and the Rev. The would-be assassin, apparently of German . Ancestral pedigree chart of J.P. Morgan. Anonymous @ 2011-12-25 19:59:00 . In 1886 he reorganized two more major railroads with the aim of stabilizing their financial base. He later attended high school in Boston, specializing in mathematics. 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 . Read reviews from world's largest community for readers. In 1902 Morgan brought together several of the leading agricultural-equipment manufacturers to form the International Harvester Company. Enter a grandparent's name. 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. The firm gave Morgan access to global markets, exporting and financing cotton and other goods shipped from Boston harbor. [1] Career After the death of his wife Juliet in 1884, he withdrew further from business. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). 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. Let us know if you have suggestions to improve this article (requires login). Early life. During his residence in Hartford, Mr. Morgan was active in the affairs of the Protestant Episcopal church, and also in various charitable enterprises. contains thousands of pictures and GeneaStars. 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. Sunset 6:13. With his son's aid, Morgan grew his banking house into a trans-Atlantic . Pierpont, as he preferred to be . Philanthropist, Industrialist, Businessman, American financier, banker, philanthropist and art collector, Born on April 17, 1837 junius spencer morgan 30 Nov. junius spencer morgan. "If you have to ask how much it costs, you can't afford it." . Margaret Geer Walker lives there, Anonymous @ 2021-02-06 20:05:03 . Just one grandparent can lead you to many [45], Morgan was "tall with sloping shoulders" and a thickening midriff, a wide face, light blue eyes, a prominent nose, and a firm mouth. 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. He was not related to Edwin D. Morgan, a prominent Hartford and New York banker and merchant of the same era who became Governor of New York. ; The Result Of The Banker's Recent Accident At Monte Carlo", "Mrs. Morgan's Funeral. great grandfather. Morgan III. Junius Origin and Meaning The name Junius is boy's name of Latin origin meaning "born in June". TH E W E A TH E R Snow or rain. John Pierpont Morgan was born in the spring of 1837 to Junius Spencer Morgan and Juliet Pierpont. Birth 14 April 1813 - West Springfield, Massachusetts. [7][6] He remained at the firm until his father's death in 1847. The assets of the House of Morgan fell 40% from $704 million to $425 million. Aptly-named House Island comes w/ 4 houses, 5 beaches and 12.8 acres. 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. Posted at 21:44h in bonobos walmart acquisition by mexico city time change. Junius Spencer Morgan (American) The Metropolitan Museum of Art. When his horses bolted at an oncoming train, Morgan stood to see if his driver could steady the horses. [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. This page has been accessed 12,698 times. Just do what you can. 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. 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. "[48], In 1836, Morgan married Juliet Pierpont (18161884), daughter of John Pierpont (17851866), a poet, lawyer, merchant, and Unitarian minister. John Pierpont Morgan Jr. (1867-1943) . Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. He was of Hartford, Conn., but later associated with the Banking-house of Peabody & Morgan of London, England, where he resided many years. While every effort has been made to follow citation style rules, there may be some discrepancies. Peabody also forced unfavorable terms on Morgan's lease of the bank's 22 Old Broad Street offices. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. 2008 - 2023 INTERESTING.COM, INC. Primary source of wealth: J. P. Morgan & Co.. . [34] It was therefore not as directly reliant on American slavery as its peer banks in London, and took advantage during the American Civil War by aligning with the Union. 2008 - 2023 INTERESTING.COM, INC. 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. Morgan's Death. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. Spouses, children, grandchildren and great-grandchildren. {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. 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. Father Joseph Morgan (Spencer) II. 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. J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. [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. Drexel allied his bank with Peabody's through Morgan, forming one of the most powerful and important banking alliances in American history. Father. 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. [4] In 1880, he and his family were living in New York City. It was this fortune which eventually placed J.P. Morgan's father, Junius Spencer Morgan, in the banking business. [65], On April 3, 1890, Morgan took an afternoon carriage ride through Monte Carlo. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. Husband of Juliet Morgan Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. J. P. Morgan. Ancestors. Deceased persons are not concerned by this provision. [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. Morgan's life and career took another turn after the death of his father in 1890. She married George Hale Morgan on 27 June 1866, in Connecticut, United States. Pierpont also joined Drexel's Philadelphia firm and his Paris firm, giving the Morgans footholds in four cities. I don't want a lawyer who tells me what I can't do. Junius Spencer Morgan. His sister, Lucy Morgan (d. 1890) was married to Major James Goodwin, one of the founders, and a president for many years, of the Connecticut Mutual Life Insurance Company. The current owner, Margo Walker, a socialite and real estate broker, gradually bought up all the houses over the years, according to Bloomberg, which first reported that the compound would be put up for sale. Sarah Spencer Morgan (1893-1949), married Henry B. Gardner (1891-1932) in 1913. [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. 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. The outdoor landscaping was overseen by Frederick Law Olmsted, the celebrated landscape architect responsible for Central Park, according to Ms. Devendorf. Sarah Spencer Morgan Morgan 1839 - 1896. In 1861 Morgan became the agent for his fathers banking company in New York City. Morgan and his partners actively promoted great mergers after 1922 and controlled . Regardless, Morgan continued to exert his authority in both industries and in government. "The Print in the North," May 6 . 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. In 1845, his father invested an additional $25,000 in the firm on Junius's behalf. 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. 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. Brother of Archilles Morgan; Lucy Goodwin and Mary Morgan, http://en.wikipedia.org/wiki/Junius_Spencer_Morgan. 1813 birth: . [60], He contributed money to the Hartford Free Library,[61] his church and to Trinity College, Hartford. 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. He started his own private banking company and bought railroads, becoming one of the world's largest steel distributors. He passed away on 19 Oct 1960 in Simcoe, Norfolk, Ontario. [40], In 1873, Morgans American presence dramatically increased after the failure of Jay Cookes banking empire. Junius Spencer Morgan Events. Husband of Juliet (Pierpont) Morgan married 2 May 1836 in Hartford, Hartford County, Connecticut. We know it's short notice, so don't fret too much. Junius Spencer. Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. Dowling Three years later, after purchasing Andrew Carnegies steel company for nearly $500 million, Morgan merged the entities into U.S. Steel, creating the first billion-dollar corporation. He began working for his father at a young age and attended the University of Gottingen, a German language school. It was not really a question of price. contains thousands of pictures and GeneaStars. A sickly child who suffered seizures and other mysterious ailments, Pierpont, as he was known, spent long periods sheltered at home. Signup for our newsletter to get notified about our next ride. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. ; His Body Will Be Interred In Cedar Hill Cemetery, Hartford", https://en.wikipedia.org/w/index.php?title=Junius_Spencer_Morgan&oldid=1141561297, Sarah Spencer Morgan (18391896), who married George Hale Morgan (18401911), Mary Lyman Morgan (18441919), who married Walter Hayes Burns (18381897). Railroad securities were further weakened by the Credit Mobilier scandal. The Morgan Memorial served as a prototype for the Pierpont Morgan wing of the Metropolitan Museum of Art. 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. He spent winters at the Villa Henriette in Monte Carlo. The estate, located near Glen Cove, also has a remarkable history. Founder of United States Steel Corporation. JP Morgan Jr.'s son Henry co-founded the Morgan Stanley financial corporation with Harold Stanley. [47] He had a "dry wit and genial manor and employed iron discipline." 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. From about 1836 to 1853, he was in the dry-goods business. L'arbre 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. There are no volunteers for this cemetery. 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. 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. 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. [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. 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. 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. 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. The TV star, who was aged just 10 when it happened, retold Alex Jones and Roman Kemp about . [20] Some of Peabody's largest clients suspended business or failed entirely, and Duncan Sherman was unable to pay its remittances without assistance. Family Life JP Morgan Jr. married Jane Norton Grew. 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. Though Peabody retired as promised, he denied Morgan the use of his name and capital. 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. The firm did a general banking and brokerage business and had a few foreign clients. Linked to: Timothy Michael Dowling, 6th cousin 5x removed, {{ mediasCtrl.getTitle(media, true) }} [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. Upon his father's death, he inherited part of Chicopee Field. Joseph personally bought the stakes of Aetna investors who hesitated to pay on the policies. 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. Under this name the house has grown in strength and influence until at present it ranks among the great banking-houses of the world. The 27,000-square-feet stone manor has grand-scale living and entertaining spaces with views of the Long Island Sound, Manhattan and Connecticut. 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. walmart springfield, mo tire and lube hours . 1981.2:2 . [7], In January 1836, Morgan's father bought him a partnership in the Hartford wholesale dry goods house of Howe Mather & Co., the largest in Hartford. Son of Joseph Morgan III and Sally (Spencer) Morgan. 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. 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. If not, see our friends at Ancestry DNA. He took on a prominent role in London society, hosting many social gatherings at his homes on Hyde Park and at Roehampton.[32][33].
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junius spencer morgan great grandchildren