Sarah Spencer Morgan (1839-1896) FamilySearch Junius Spencer Morgan III 1892-1960 - Ancestry The carriage hit a pile of stone and Morgan was thrown against the wall. [60], He contributed money to the Hartford Free Library,[61] his church and to Trinity College, Hartford. Letter from her son, J.P. Morgan, Jr., dated Oct. 1891 describes the family's new yacht, Corsair. Drexel allied his bank with Peabody's through Morgan, forming one of the most powerful and important banking alliances in American history. 3I. [20] Some of Peabody's largest clients suspended business or failed entirely, and Duncan Sherman was unable to pay its remittances without assistance. [6], In April 1833, Alfred Welles offered Morgan a partnership in his firm; he accepted against his father's wishes. Please enable JavaScript in your browser's settings to use this part of Geni. He married in 1836 Juliet, daughter of John Pierpont, the poet (q. 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 III. Collections Online | British Museum 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. He received and A.B. 1892-1960. He was named after his maternal grandfather, and much like his Uncle Pierpont, he was a great collector. 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. 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. [12], In fall 1850, Morgan arranged to go into business with James M. Beebe of Boston, a young merchant with a growing import business. Shares the stories you may have missed from the world of luxury real estate. Junius Spencer Morgan was an incredibly successful banker and financier, as he founded the bank J.S. Virginia Elections Database Candidate Profile 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! 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. 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. [3], Junius's father Joseph was a soldier in the Revolutionary Army and farmer in West Springfield, Massachusetts. The Woman Behind the Morgan Library: Belle da Costa Greene [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. A protracted legal battle was settled when the Supreme Court ruled in favor of the government in 1904. 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. [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. Deceased persons are not concerned by this provision. Husband of Juliet Morgan Juliet Morgan Anne Morgan: Cha m: Junius Spencer Morgan Juliet Pierpont: John Pierpont "J.P." Morgan (17/4/1837 - 31/3/1913) l nh kinh doanh, ti chnh, t thin v su tp ngh thut ngi M, v l ngi c vai tr to ln trong nn ti chnh v cng nghip Hoa K cui th k 19. The ship subsequently sank with great loss of life. From about 1836 to 1853, he was in the dry-goods business. J. P. Morgan was born in Hartford, Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. 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. Peabody pledged the bank could continue to use his name and if necessary, some capital. [42], In 1877, Morgan began a semiretirement, cutting back on his schedule and ceding greater authority to his son. [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. Peabody also forced unfavorable terms on Morgan's lease of the bank's 22 Old Broad Street offices. Enter a grandparent's name. "John Pierpont Morgan (1837-1913) began his career in 1857 as an accountant, and worked for several New York banking firms until he became a partner in Drexel, Morgan and Company in 1871, which was reorganized as J.P. Morgan and Company in 1895. [15] 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. 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. John Pierpont Morgan : Family tree by Tim DOWLING (tdowling) - Geneanet [13], By February 1851, Morgan sold his stake in Howe & Mather for $600,000 and moved to Boston's Pemberton Square. Morgan urged Pierpont to withdraw his name from consideration, and he did. Morgan was born on 17 April 1837 in Hartford, Connecticut. Posted at 16:45h in logan sargeant family by nerf gun obstacle course rental near me. An error has occured while loading the map. Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. 5 0 obj 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. Born in New York City, New York, USA on 15 MAR 1892 to John Pierpont "Jack" Morgan and Jane Norton Grew. [2] He grew up in New York and received an education that focused on math and history, as well as German and French, as his father believed there was great value in those subjects. Pierpont also joined Drexel's Philadelphia firm and his Paris firm, giving the Morgans footholds in four cities. J. P. Morgan shot; thirty-two caliber bullet penetrates groin - UPI They maintained a twice-weekly correspondence for thirty-one years, which Pierpont burned in 1911.[58]. He was interred at the family lot in Cedar Hill Cemetery in Hartford. Junius Spencer Morgan III (1892-1960) Capt. "It takes a very special buyer for this trophy property," Ms. Devendorf said, "But its a once-in-a-lifetime opportunity. 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. With his son's aid, Morgan grew his banking house into a trans-Atlantic . [7][6] He remained at the firm until his father's death in 1847. Touring the world with friends one mile and pub at a time; southlake carroll basketball. [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. 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. He is buried in Cedar Hill Cemetery, Hartford, Connecticut. 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. CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. 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. In 1886 he reorganized two more major railroads with the aim of stabilizing their financial base. Junius is one of those names that's growing on us, along with many of its Roman countrymen such as Julius and Atticus. 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? "Go as far as you can see; when you get there, you'll be able to see farther. 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. Morgan and his partners actively promoted great mergers after 1922 and controlled . IMPORTANT PRIVACY NOTICE & DISCLAIMER: YOU HAVE A RESPONSIBILITY TO USE CAUTION WHEN DISTRIBUTING PRIVATE INFORMATION. He reorganized several major railroads and became a powerful railroad magnate. .css-m6thd4{-webkit-text-decoration:none;text-decoration:none;display:block;margin-top:0;margin-bottom:0;font-family:Gilroy,Helvetica,Arial,Sans-serif;font-size:1.125rem;line-height:1.2;font-weight:bold;color:#323232;text-transform:capitalize;}@media (any-hover: hover){.css-m6thd4:hover{color:link-hover;}}Elon Musk. in Hartford, Connecticut, USA , United States, Died on March 31, 1913 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. We are all related! Nathaniel's son, Joseph Morgan, was the fifth of seven children. Wikipedia (8 entries) edit. Throughout, Morgan and Peabody maintained their confidence in Field's project. In 1907, Morgan again was called to aid the U.S. government in the grips of economic panic. [4] In 1880, he and his family were living in New York City. the tall man aboriginal spirit; metadata api request failed: component conversion failed: file_ended; caleb foote sandlot Junius Spencer Morgan : Family tree by Tim DOWLING (tdowling) - Geneanet Geneastars | Facebook. Anonymous @ 2011-12-25 19:59:00 . 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. The map below shows the places where the ancestors of the famous person lived. [14][15] He was soon among the nation's financial elite. Morgan members were notable for dominating the banking industry during . In 1864, at the urging of his father, he paired with senior partner Charles Dabney to form Dabney, Morgan & Co. With Junius Morgan now heading the London banking firm, the Morgans continued to expand their wealth and influence by funneling overseas investments into American businesses. 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, 1813-90, b. He also purchased Dover House in Roehampton. Miles Morgan]], ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. He then became junior partner in the drygoods house of Howe, Mather and Co., which in 1850 became Mather, Morgan and Co. A year later he was invited by James M. Beebe to form a co-partnership in Boston, which, under the style of J. . 1844 child birth: Mary Lyman Morgan b. In 1902 Morgan brought together several of the leading agricultural-equipment manufacturers to form the International Harvester Company. He died on Monday, March 31, 1913 in Rome, Italy while attending a yacht racing event. 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. [46], Morgan was, like his son, intensely private. [1] Career Samuel Spencer (1670 - 1756), my sixth great grandfather, and Morgan's third great grandfather. When his horses bolted at an oncoming train, Morgan stood to see if his driver could steady the horses. It was not really a question of price. (1892 - 1960) Photos: 745. Together they had three children: Sarah Spencer Morgan, Alexander Perry Morgan and Lucrutia Morgan who died at birth. Junius Spencer Morgan III (1892-1960) - HouseHistree The assets of the House of Morgan fell 40% from $704 million to $425 million. 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. contient des milliers de photos et GeneaStars. Today it is the Morgan Library & Museum . One of the firm's two junior partners was future Governor of New York and U.S. Vice President Levi P. After all-night negotiations went nowhere, Morgan ended the stalemate by drawing up a bailout contract and ordering the exhausted presidents to sign. . 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. We strive for accuracy and fairness.If you see something that doesn't look right,contact us! Junius Spencer Morgan Photos and Premium High Res Pictures - Getty Images 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. Morgan family | Familypedia | Fandom Primary source of wealth: J. P. Morgan & Co.. . Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. Junius S. Morgan III, U.S.N., of 'Salutation' Glen Cove, Long Island, N.Y. zoom_in 2 images. [47] He had a "dry wit and genial manor and employed iron discipline." Sarah Spencer Morgan (1893-1949), married Henry B. Gardner (1891-1932) in 1913.