IMPORTANT PRIVACY NOTICE & DISCLAIMER: YOU HAVE A RESPONSIBILITY TO USE CAUTION WHEN DISTRIBUTING PRIVATE INFORMATION. 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. 1844 child birth: Mary Lyman Morgan b. contient des milliers de photos et GeneaStars. All charts include source citations for ancestors in the charts. Death 8 Apr 1890 - Hartford, Hartford, Connecticut, USA. In 1875, at the age of 38, Morgan was living with his wife Frances and children Louisa, John, Juliet, and Anne in Highland, New York. In 1903, J.P. Morgan & Co. was appointed fiscal agent for a newly independent Panama, with responsibilities that included overseeing the transfer of $40 million to the New Panama Canal Co. This page was last edited on 25 February 2023, at 17:50. We may earn commission from links on this page, but we only recommend products we back. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. West Springfield, Mass., prospered at investment banking. DISCLAIMER: The currency conversion is provided for illustration purposes only. [63] Morgan was a close friend of the Whig politician and diplomat Abbott Lawrence. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. [2], The Morgan name is traced to Carmarthen, Wales, with his earliest known ancestor being Hyfaidd ap Bleddri, third son of Bledri ap Cydifor of Wales. 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. Father. Morton. contains thousands of pictures and GeneaStars. With the retirement of Dabney in 1871, Morgan joined forces with Philadelphia banker Anthony Drexel to found Drexel, Morgan & Co., which took up residence in a towering new building in lower Manhattan. The PEDIGREE of Junius Spencer MORGAN (major banker; founder & eponym of J.S. J.P. Morgan was known for reorganizing businesses to make them more profitable and stable and gaining control of them. Philanthropist, Industrialist, Businessman, American financier, banker, philanthropist and art collector, Born on April 17, 1837 Career He began his business career in 1829 by entering the employ of Alfred Welles of Boston. Touring the world with friends one mile and pub at a time; southlake carroll basketball. 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. After the Civil War broke out, Morgan traded Union war bonds at a tremendous profit. John Pierpont Morgan was born in the spring of 1837 to Junius Spencer Morgan and Juliet Pierpont. Ancestors. [66], At his death, he left a fortune of $12,400,000 (equivalent to $370,000,000 today). Brother of Archilles Morgan; Lucy Goodwin and Mary Morgan, http://en.wikipedia.org/wiki/Junius_Spencer_Morgan. The largest online newspaper archive; 22,800+ newspapers from the 1700s-2000s; Millions of additional pages added every month There is 1 volunteer for this cemetery. Outgoing letters are addressed to her sister, Mary Kirkland Tracy. At Princeton University, she came to the attention of Junius Spencer Morgan II, a student at Princeton University and a nephew of John Pierpont Morgan. Read reviews from world's largest community for readers. "Go as far as you can see; when you get there, you'll be able to see farther. examples of olympic values Likes. 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. 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! Junius S. Morgan III, U.S.N., of 'Salutation' Glen Cove, Long Island, N.Y. zoom_in 2 images. More:Gatsby-esque Mansion on Long Island Gets $15M Chopped Off its $100M Asking Price. Junius Spencer Morgan. He passed away on 19 Oct 1960 in Simcoe, Norfolk, Ontario. from Harvard University in 1914. Junius Spencer Morgan (American) The Metropolitan Museum of Art. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. 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. (1892 - 1960) Photos: 745. 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. 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. All property prices are as stated by the listing agent. Junius Spencer Morgan III married Emma Louise Converse and had 2 children. Morgan & Co. into the upper ranks of international finance. 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. We are all related! From about 1836 to 1853, he was in the dry-goods business. He married in 1836 Juliet, daughter of John Pierpont, the poet (q. L'arbre They write new content and verify and edit content received from contributors. Linked to: Timothy Michael Dowling, 6th cousin 5x removed, {{ mediasCtrl.getTitle(media, true) }} In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. Throughout, Morgan and Peabody maintained their confidence in Field's project. Hartford, Hartford, Connecticut, United States, Contributions to the History of Christ Church, Hartford, Middletown Upper Houses, A History of the North Society of Middletown, Connecticut, from 1650 to 1800, Connecticut, Deaths and Burials Index, 1650-1934, Updated Morgan Genealogy: A History of James Morgan, of New London, Connecticut, and His Descendants, from 1607 to 1997. 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. Primary source of wealth: J. P. Morgan & Co.. . 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. rootsweb: Click Here [14], On May 15,[16] 1853, at the recommendation of James Beebe, Morgan visited the American banker George Peabody in London. Though Peabody retired as promised, he denied Morgan the use of his name and capital. This article was most recently revised and updated by, https://www.britannica.com/biography/J-P-Morgan, Constitutional Rights Foundation - J P Morgan, The Panic of 1907 and the Federal Reserve Act, Philanthrophy Roundtable - Biography of J. P. Morgan, NETSTATE - Biography of John Pierpont Morgan, John Pierpont Morgan - Children's Encyclopedia (Ages 8-11), J. Pierpont Morgan - Student Encyclopedia (Ages 11 and up). JP Morgan Jr.'s son Henry co-founded the Morgan Stanley financial corporation with Harold Stanley. 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. Railroad securities were further weakened by the Credit Mobilier scandal. 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. [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. We know it's short notice, so don't fret too much. 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. Between 1885 and 1888 he extended his influence to lines based in Pennsylvania and Ohio, and after the financial panic of 1893 he was called upon to rehabilitate a large number of the leading rail lines in the country, including the Southern Railroad, the Erie Railroad, and the Northern Pacific. rootsweb: Click Here The most expensive listing in the U.S. is a West Coast home asking $350 million. [60], He contributed money to the Hartford Free Library,[61] his church and to Trinity College, Hartford. Junius is one of those names that's growing on us, along with many of its Roman countrymen such as Julius and Atticus. The TV star, who was aged just 10 when it happened, retold Alex Jones and Roman Kemp about . Mountain Landscape with Bridge over Waterfall. aged 75years old. Inscription: Signed in pen and black ink, at lower right, "Junius March 10 / 1902". If so, login to add it. While every effort has been made to follow citation style rules, there may be some discrepancies. Junius Spencer Morgan III (1892-1960) Capt. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). [1] Career 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. *FREE* shipping on qualifying offers. contient des milliers de photos et GeneaStars. 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. [5] In 1910, at the age of 74, he was living with his wife Frances and daughter Anne in Manhattan. Morgan's entire island of 45 acres, 12-bedroom manor house, five additional residences, an eight-stall stable, paddocks and a groomsman's cottage have recently been put on the market. Posted at 21:44h in bonobos walmart acquisition by mexico city time change. Initially a smart but indifferent student, he began showing improved grades by the time he attended English High School in Boston. Samuel Spencer (1670 - 1756), my sixth great grandfather, and Morgan's third great grandfather. [65], On April 3, 1890, Morgan took an afternoon carriage ride through Monte Carlo. 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. Have you taken a DNA test? [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. Cloudy and con- tii.upd cool Warren Temp.. Hig-h iO: Low 35. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. [33], In 1864, Morgan's ten-year agreement with Peabody expired. When American grain (and consequently rail) prices fell dramatically after the resolution of the Franco-Prussian War, Cookes heavy investment in the Northern Pacific Railway was no longer sufficient to meet liabilities. 1890 death: From grandparents to grandchildren 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. He married Emma Louise Converse on 16 June 1915, in Saint Pauls Episcopal Church, Millis, Norfolk, Massachusetts, United States. A man always has two reasons for doing anything: a good reason and the real reason. In 1907, Hartford-born J. Pierpont "J.P." Morgan, a Gilded Age banking tycoon, proposed building the Junius Spencer Morgan Memorial in his father's honor. In 1902 Morgan brought together several of the leading agricultural-equipment manufacturers to form the International Harvester Company. Geni requires JavaScript! Also contains a letter from Junius Spencer Morgan to J. Pierpont Morgan Morgan urged Pierpont to withdraw his name from consideration, and he did. [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. 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. 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 (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. Meanwhile, Pierpont struck up a new romance with Frances Louisa "Fanny" Tracy, the daughter of a New York lawyer. It became J.P. Morgan and Company in 1895 and is now JPMorgan Chase & Co. J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. Francis Goodwin,[59] chairman of the Hartford Parks Commission. He died on Monday, March 31, 1913 in Rome, Italy while attending a yacht racing event. Deceased persons are not concerned by this provision. Have you taken a DNA test? Also in 1901, Morgan teamed with James J. Hill to form the Northern Securities Company. He died in Rome in 1913, leaving behind a world-renowned art collection and a business that remained a financial powerhouse into the 21st century. Sunset 6:13. 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? Continuing with this request will add an alert to the cemetery page and any new volunteers will . Sitelinks. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. By estimates, there were about 150 lavish estates built during that time, the majority of which have been turned into hotels and residential compounds. arwiki . Candidates . [7][6] He remained at the firm until his father's death in 1847. contient des milliers de photos et GeneaStars. A sprawling 85-acre compound on the North Shore of Long Island, New York, is hitting the market for $125 million Wednesday, Mansion Global has learned. Joseph Morgan made a fortune from his holdings. It was this fortune which eventually placed J.P. Morgan's father, Junius Spencer Morgan, in the banking business. IMPORTANT PRIVACY NOTICE & DISCLAIMER: YOU HAVE A RESPONSIBILITY TO USE CAUTION WHEN DISTRIBUTING PRIVATE INFORMATION. Our editors will review what youve submitted and determine whether to revise the article. Mother Sarah Sally Spencer Morgan. Seeking to stabilize a series of collapsing trust banks, he called several bank presidents to his Manhattan library, and, in an echo of his Corsair meeting of 1885, locked the door until a solution could be reached. He also financed industrial consolidations that formed General Electric, U.S. Steel, and International Harvester. [31], Morgan became the active head of the firm in February 1859, with Peabody remaining the nominal senior partner. J.P. Morgan is remembered as such a dominant figure in American capitalism that it seemed to many that he ran the entire economy, able to pull strings anywhere. pentecostal assemblies of the world ordination; how to start a cna school in illinois 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. Funny to see that hes my 6th cousin as Im taking a work break from sending documents to JP Morgan Chase . He started his own private banking company and bought railroads, becoming one of the world's largest steel distributors. MORGAN. 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. We are featuring this profile in the Connection Finder this week. [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. Capture a web page as it appears now for use as a trusted citation in the future. Junius Spencer Morgan was born on April 14, 1813 in Holyoke, Massachusetts. Updates? After Junius's move to London, Pierpont was his father's primary source of intelligence on American conditions. 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 One of the firm's two junior partners was future Governor of New York and U.S. Vice President Levi P. Descendants. [22] Built around a core of booming American railway securities, the firm established itself in several other markets, including the New York money market and government finance. Mary Lyman Morgan Burns 1844 - 1919. 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. The Morgan Memorial served as a prototype for the Pierpont Morgan wing of the Metropolitan Museum of Art. The yearly tax for the property is about $570,000. 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. When his horses bolted at an oncoming train, Morgan stood to see if his driver could steady the horses. Select from premium Junius Spencer Morgan of the highest quality. During his residence in Hartford, Mr. Morgan was active in the affairs of the Protestant Episcopal church, and also in various charitable enterprises. GREAT NEWS! [3], Junius's father Joseph was a soldier in the Revolutionary Army and farmer in West Springfield, 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. Nathaniel's son, Joseph Morgan, was the fifth of seven children. Sorry! 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, We are all related! Leave a message for others who see this profile. Family Life JP Morgan Jr. married Jane Norton Grew. [10] [14] During the Great Depression he took heavy financial losses. [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. Morgan's already successful career took a leap forward in 1879 when William Vanderbilt approached him about the sale of 250,000 shares of stock in the New York Central Railroad. lis! 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. % A man I do not trust could not get money from me on all the bonds in Christendom. Junius Spencer. Morgan Family. 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. 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. He is buried in Cedar Hill Cemetery in Hartford, Connecticut.[8][9]. Son of Joseph Morgan III and Sally (Spencer) Morgan. 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. On November 8, a dinner was hosted in his honor at Delmonico's, with Samuel Tilden, John Jacob Astor, and Theodore Roosevelt Sr. among the guests. discoveries. %PDF-1.3 the tall man aboriginal spirit; metadata api request failed: component conversion failed: file_ended; caleb foote sandlot Sunrise 7:55. GLEN COVE, L. I., N.Y., July 3, 1915 (UP) - John Pierpont Morgan, the financier, was shot at his summer home here shortly before 9 o'clock to-day. Records: 4,977. Junius Spencer Morgan, 1813-90, b. The immense scope of Morgan's power came to light in the wake of the Panic of 1893. If so, login to add it. contains thousands of pictures and GeneaStars. The son of a successful financier, Junius Spencer Morgan (181390), John Pierpont Morgan was educated in Boston and at the University of Gttingen.