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We are all related! His paternal grandparents were Junius Spencer Morgan (1813-1890) [3] and Juliet Pierpont (1816-1884), the daughter of John Pierpont. In 1907, Morgan again was called to aid the U.S. government in the grips of economic panic. Why J. P. Morgan Jr. Was More Important Than His Father! Joseph Morgan made a fortune from his holdings. 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. [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. 2008 - 2023 INTERESTING.COM, INC. 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. [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. Junius Spencer Morgans manor, named Salutation, is one of the few remaining estates still privately owned. Outgoing letters are addressed to her sister, Mary Kirkland Tracy. He is buried in Cedar Hill Cemetery in Hartford, Connecticut.[8][9]. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. From about 1836 to 1853, he was in the dry-goods business. Nous sommes tous Junius Spencer Morgan I. The Morgan Mansion was built in 1897 by Junius Spencer Morgan and Josephine Perry Morgan. Junius is one of those names that's growing on us, along with many of its Roman countrymen such as Julius and Atticus. The assistant librarian was Junius Spencer Morgan, nephew of wealthy financier J. P. Morgan. [7] Upon his death, his artwork collection was donated. Adrian Wooldridge characterized Morgan as America's "greatest banker".[1]. Satterlee, Louisa Morgan 1866-1946 [WorldCat Identities] 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? A man always has two reasons for doing anything: a good reason and the real reason. junius spencer morgan great grandchildren. 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. He began reorganizing railroads in 1885, when he arranged an agreement between two of the largest railroads in the country, the New York Central Railroad and the Pennsylvania Railroad, that minimized a potentially destructive rate war and rail-line competition between them. L'arbre However, despite Morgan's best efforts to nurse his bride back to health, she passed away in February 1862. J.P. Morgan - Biography, Financier & Wealth - HISTORY In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. They maintained a twice-weekly correspondence for thirty-one years, which Pierpont burned in 1911.[58]. The PEDIGREE of Junius Spencer MORGAN (major banker; founder & eponym of J.S. 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. PDF Descendants of John Pierpont Morgan - D.A. Sharpe [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. Along with amassing immense wealth through the creation of such corporations as U.S. Steel, Morgan led efforts to bail out the U.S. Treasury in 1895 and 1907. Junius Spencer Morgan III Wikipedia Republished // WIKI 2 junius spencer morgan great grandchildren. 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. Family Life JP Morgan Jr. married Jane Norton Grew. Morgan urged Pierpont to withdraw his name from consideration, and he did. His book collection and the building that housed them in New York City became a public reference library in 1924. "[48], In 1836, Morgan married Juliet Pierpont (18161884), daughter of John Pierpont (17851866), a poet, lawyer, merchant, and Unitarian minister. [66], At his death, he left a fortune of $12,400,000 (equivalent to $370,000,000 today). Find Junius Spencer Morgan stock photos and editorial news pictures from Getty Images. He spent winters at the Villa Henriette in Monte Carlo. Miles Morgan]], ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. Inscription: Signed in pen and black ink, at lower right, "Junius March 10 / 1902". Sunrise 7:55. Morgan & Co. Morgan sought to prop up the price by purchasing as many bonds as he could. Morgan. Morgan | Infoplease Title Junius Spencer Morgan at St. Paul's School, Concord NH Junius Spencer Morgan was educated at St. Paul's School, Concord, New Hampshire, before attending Princeton. He passed away on 19 Oct 1960 in Simcoe, Norfolk, Ontario. Junius Spencer Morgan III - Alchetron, the free social encyclopedia Morgan was born on 17 April 1837 in Hartford, Connecticut. [60], He contributed money to the Hartford Free Library,[61] his church and to Trinity College, Hartford. In 1861 Morgan became the agent for his fathers banking company in New York City. Career He began his business career in 1829 by entering the employ of Alfred Welles of Boston. Charcoal and stumping on wove paper. 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. Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. In 1836, he married John Pierpont Morgan's mother, Juliet. {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. *FREE* shipping on qualifying offers. And I saw, and behold, a pale horse, and its rider's name was Death, and Hades followed him; and they were given great power over a fourth of the earth; to kill with sword and with famine and with pestilence and by wild beasts of the earth." . [3], Junius's father Joseph was a soldier in the Revolutionary Army and farmer in West Springfield, Massachusetts. Sarah Spencer Morgan (1893-1949), married Henry B. Gardner (1891-1932) in 1913. Morgan's life and career took another turn after the death of his father in 1890. Morgan led a syndicated bond issue of 10,000,000, which the syndicate sold at 15 points below par. He was interred at the family lot in Cedar Hill Cemetery in Hartford. Brother of Mary (Morgan) Smith and Lucy (Morgan) Goodwin. I hire a lawyer to tell me how I can do what I want to do! 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. He then looked to the financial and insurance industries, in which his banking firm also achieved a concentration of control. Death 8 Apr 1890 - Hartford, Hartford, Connecticut, USA. We strive for accuracy and fairness.If you see something that doesn't look right,contact us! CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. 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 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. 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. 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. Upon his father's death, he inherited part of Chicopee Field. discoveries. These prompt payments to the banks destroyed in the fire established Aetna's reputation on Wall Street and allowed the firm to triple its premiums in later years. J. Pierpont Morgan is arguably the most famous banker in American history, b. Let us know if you have suggestions to improve this article (requires login). Junius Spencer Morgan b. 1813 d. 1890 - Rodovid EN {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. 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. Username and password are case sensitive. ; 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. 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. 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. 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. [8] He continued traveling to collect debts and purchase cotton through the ongoing depression into the 1840s, continuing to grow his reputation as a businessman in Hartford. Founder of United States Steel Corporation. 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. Mother Sarah Sally Spencer Morgan. Morgan successfully led the American financial communitys attempt to avert a general financial collapse following the stock market panic of 1907. 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 The Beaux-Arts Morgan Memorial of 1910-15 was designed by Benjamin Wistar Morris. Spencer was on the show to talk about his new Disney+ documentary, Finding Michael, released on Friday. Also contains a letter from Junius Spencer Morgan to J. Pierpont Morgan He reorganized several major railroads and financed industrial consolidations that formed the United States Steel, International Harvester, and General Electric corporations. All charts include source citations for ancestors in the charts. Sitelinks. There is 1 volunteer for this cemetery. [19], Upon Morgan's arrival in London in 1854, Peabody & Co. was immediately in a position of strength as a leading dealer in American securities in the city; American grain, cotton, and railroad values soared during and after the Crimean War. Nathaniel's son, Joseph Morgan, was the fifth of seven children. In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General . Lucy was the mother of James J. Goodwin and the Rev. Junius Spencer Morgan - The Morgan Library & Museum With his son's aid, Morgan grew his banking house into a trans-Atlantic financial empire that included firms in . Morgan demurred but eventually accepted, joining the firm as junior partner in October 1854. JP Morgan Jr. Net Worth (Entrepreneur) [1] Career 100 J P Morgan Quotes (John Pierpont Morgan Quotes) 1 2 3. IMPORTANT PRIVACY NOTICE & DISCLAIMER: YOU HAVE A RESPONSIBILITY TO USE CAUTION WHEN DISTRIBUTING PRIVATE INFORMATION. Junius Spencer Morgan I (14 Apr 1813 - 8 Apr 1890) 0 references . Major children and living persons must directly contact the. John Pierpont Morgan was born in the spring of 1837 to Junius Spencer Morgan and Juliet Pierpont. Mary Lyman Morgan Burns 1844 - 1919. Father. Regardless, Morgan continued to exert his authority in both industries and in government. Junius Spencer Morgan I (1813-1890) | WikiTree FREE Family Tree Son of Joseph Morgan III and Sally (Spencer) Morgan. [14][15] He was soon among the nation's financial elite. [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. 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. If not, see our friends at Ancestry DNA. Brother of Archilles Morgan; Lucy Goodwin and Mary Morgan, http://en.wikipedia.org/wiki/Junius_Spencer_Morgan. The Beast with the Seven Heads and the Beast with Lamb's Horns 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. " [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. Sarah Spencer Morgan Morgan 1839 - 1896. Morgan Genealogy: A History of James Morgan, of New London, Conn. 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. With his son's aid, Morgan grew his banking house into a trans-Atlantic financial empire that included firms in London, New York City, Philadelphia, and Paris. 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. 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. Login to find your connection. Candidates . [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. Capture a web page as it appears now for use as a trusted citation in the future. archive.org Have you taken a DNA test? Virginia Elections Database Candidate Profile Also in 1901, Morgan teamed with James J. Hill to form the Northern Securities Company. J. S. Morgan began collecting as a student, and was early attracted to Virgil probably through the influence of Dean West. Through a system of interlocking memberships on the boards of companies he had reorganized or influenced, Morgan and his banking house achieved a top-heavy concentration of control over some of the nations leading corporations and financial institutions. 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. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). J.P. Morgan was known for reorganizing businesses to make them more profitable and stable and gaining control of them. He brought in other major . Philanthropist, Industrialist, Businessman, American financier, banker, philanthropist and art collector, Born on April 17, 1837 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. [5] He made a fortune with Aetna in 1835, when Aetna covered Wall Street firms destroyed in the Great Fire of New York. 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) 24530600 - Virtual International Authority File J.P. Morgan Pedigree Chart | John Pierpont "J.P." Morgan | Ahnentafel He then acquired control of many leading financial and insurance companies. ; The Result Of The Banker's Recent Accident At Monte Carlo", "Mrs. Morgan's Funeral. Husband of Juliet Morgan JP Morgan Jr.'s son Henry co-founded the Morgan Stanley financial corporation with Harold Stanley. However, he soon encountered resistance from President Theodore Roosevelt, who sought to leverage the populist tide against the wealthy "robber barons" of Wall Street. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). 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. junius spencer morgan junius spencer morgan - bobesich.ca He worked at his father's bank, Peabody, Morgan & Co., and later the firms of Duncan, Sherman & Company and Dabney, Morgan, and Company. Samuel Spencer (1670 - 1756), my sixth great grandfather, and Morgan's third great grandfather. Banker J. P. Morgan Born - This Month in Business History - Research Save Page Now. pentecostal assemblies of the world ordination; how to start a cna school in illinois The couple had five children: Junius, Henry, Jane, and Frances lived to adulthood, but Alice died of typhoid fever. -- PBS Online, 1999, {{ mediasCtrl.getTitle(media, true) }} GREAT NEWS! Junius - Baby Name Meaning, Origin, and Popularity | Nameberry ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. The carriage hit a pile of stone and Morgan was thrown against the wall. Junius Morgan: Founder of a Banking Dynasty by Daniel Alef The . Signup for our newsletter to get notified about our next ride. 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. The ship subsequently sank with great loss of life. Please try again. They write new content and verify and edit content received from contributors. Junius Spencer Morgan, 1813-90, b. [47] He had a "dry wit and genial manor and employed iron discipline." 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. 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. Linked to: Timothy Michael Dowling, 6th cousin 5x removed, {{ mediasCtrl.getTitle(media, true) }} 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. Morgan's astounding success transformed the financial industry and left behind a powerful legacy. Born on December 3, 1702, Joseph began to learn to weave at a young age. View of Morgan Great Hall in the Wadsworth Atheneum Museum of Art Enter a grandparent's name. 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 L'arbre ; 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). J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. Leave a message for others who see this profile. J. P. Morgan was born in Hartford, Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. [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.