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. [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. 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 New York social circle, Morgan grew close to Amelia "Memie" Sturges, the daughter of a successful merchant. In addition to consolidating and controlling several railroads and industries, J.P. Morgan led in resupplying the U.S. Treasurys gold reserve during the depression that followed the panic of 1893 and organized the financial community in averting a financial collapse after the market panic of 1907. 1892-1960. L'arbre Deceased persons are not concerned by this provision. 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. 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. [66], At his death, he left a fortune of $12,400,000 (equivalent to $370,000,000 today). [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. 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. 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. In October 1861, Morgan married Amelia Sturges in Manhattan, New York. Junius Spencer Morgan. Sarah Spencer Morgan Morgan 1839 - 1896. He also purchased Dover House in Roehampton. 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. Just do what you can. Junius Spencer Morgan I (14 Apr 1813 - 8 Apr 1890) 0 references . J.P. Morgan - The Life and Deals of America's Banker: Insight and Analysis into the Founder of Modern Finance and the American Banking System (Business Biographies and Memoirs - Titans of Industry) [MacGregor, JR] on Amazon.com. Though Peabody retired as promised, he denied Morgan the use of his name and capital. He then acquired control of many leading financial and insurance companies. Mary Lyman Morgan Burns 1844 - 1919. 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. The firm soon became a major player in the steel industry by financing the formation of Federal Steel in 1898. 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. [42], In 1877, Morgan began a semiretirement, cutting back on his schedule and ceding greater authority to his son. He later attended high school in Boston, specializing in mathematics. 100 J P Morgan Quotes (John Pierpont Morgan Quotes) 1 2 3. Within a year, the business struggled sufficiently that Joseph Morgan had to bail his son out and dissolve the partnership. 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. In the mid-20th century, he started to allow his friends and family to build houses on there, each with five or six acres of land. Morgan members were notable for dominating the banking industry during . They maintained a twice-weekly correspondence for thirty-one years, which Pierpont burned in 1911.[58]. junius spencer morgan great grandchildren. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). 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. [4] [5] Career. [7][6] He remained at the firm until his father's death in 1847. [1] Career Junius is one of those names that's growing on us, along with many of its Roman countrymen such as Julius and Atticus. West Springfield, Mass., prospered at investment banking. In 1902, the Justice Department charged Northern Securities with violating the Sherman Antitrust Act of 1890. "[43][36], As Junius took a less active role and Pierpont continued to accrue massive profits, the balance of power within the Morgan empire shifted from London to New York City. 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. A man always has two reasons for doing anything: a good reason and the real reason. 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. Two years later, in 1892, Jack Morgan returned to the US and became a partner at Drexel, Morgan & Co., the bank his father co-founded with Pittsburgh banker Anthony Drexel. The 27,000-square-feet stone manor has grand-scale living and entertaining spaces with views of the Long Island Sound, Manhattan and Connecticut. Philanthropist, Industrialist, Businessman, American financier, banker, philanthropist and art collector, Born on April 17, 1837 << /Length 6 0 R /Filter /FlateDecode >> They were the . Ancestors. gnalogique Dowling avec plus d'un demi-million de parents, 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. [44] By the 1880s, Junius's health began to fade, and he stepped back from day-to-day business. Quick access. 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. . Also in 1901, Morgan teamed with James J. Hill to form the Northern Securities Company. 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 Brother of Mary (Morgan) Smith and Lucy (Morgan) Goodwin. He became the junior partner of the banking-firm of Dabney, Morgan and Co. in 1864, and that of Drexel, Morgan and Co. in 1871. His father, Junius Spencer Morgan, was a businessman of note who had high expectations for his son Pierpoint and started training him at a very early age. Please refer to the appropriate style manual or other sources if you have any questions. Morgan successfully led the American financial communitys attempt to avert a general financial collapse following the stock market panic of 1907. 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. Get a Britannica Premium subscription and gain access to exclusive content. Junius Spencer Morgan (1813-1890) owned part of a large mercantile house (trading company) in Hartford, advanced to a larger one in Boston, Massachusetts, and . In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. Morgan. walmart springfield, mo tire and lube hours . Records: 4,977. [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. In 1915, he married Louise, daughter of the celebrated composer Frederick S. Converse and a great-granddaughter of the "Ice King" Frederic Tudor. Early life. 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. [60], He contributed money to the Hartford Free Library,[61] his church and to Trinity College, Hartford. Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. He became a partner in mercantile firms in Hartford, Conn., and in Boston and then (1854) went to London to become a partner of George Peabody. 1813 birth: . Born in New York City, New York, USA on 15 MAR 1892 to John Pierpont "Jack" Morgan and Jane Norton Grew. Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. arwiki . Anonymous @ 2011-12-25 19:59:00 . Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). However, despite Morgan's best efforts to nurse his bride back to health, she passed away in February 1862. He began working for his father at a young age and attended the University of Gottingen, a German language school. Famouskin.com also includes ancestoral charts showing the family relationships of J.P. Morgan to many famous kin. Regardless, Morgan continued to exert his authority in both industries and in government. 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. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. J P Morgan. Lucy was the mother of James J. Goodwin and the Rev. The assets of the House of Morgan fell 40% from $704 million to $425 million. This page has been accessed 12,698 times. In 1836, he married John Pierpont Morgan's mother, Juliet. This connection would eventually lead to her employment with financier and banker J. P. Morgan starting in 1905 as Junius introduced Greene to his uncle. 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! It became J.P. Morgan and Company in 1895 and is now JPMorgan Chase & Co. [5], Soon thereafter, Morgan's father secured him a new partnership at Morris Ketchum's private bank on Wall Street, renamed Morgan Ketchum & Co. xZnH}WA'd6;O$6'vO@^JdISkbHMa,x[~0=n1?X)7_+qVEEMXXww4Lsv1Mn.cqn^U$Xu%*9Id)]Jofwew Sw[:g0v=}!][m2"g coy/;_-vyzeKA^ZXI90p/>v0`9^L\Pz?/&opME4qB5,7~iMMnbx/_?c1ouGQEQ|gg &HrI(yM^?;eT'QSl#c' O#.
