He contributed money to Trinity College, Hartford. Brother of Mary (Morgan) Smith and Lucy (Morgan) Goodwin. In semi-retirement by the time the crisis was resolved, Morgan devoted much of his energy to his art collection and philanthropy. 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. 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. This page has been accessed 12,698 times. Aptly-named House Island comes w/ 4 houses, 5 beaches and 12.8 acres. If not, see our friends at Ancestry DNA. rootsweb: Click Here There are no volunteers for this cemetery. 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. Samuel Spencer (1670 - 1756), my sixth great grandfather, and Morgan's third great grandfather. Juliet Pierpont Morgan . Login to find your connection. Husband of Juliet (Pierpont) Morgan married 2 May 1836 in Hartford, Hartford County, Connecticut. He began working for his father at a young age and attended the University of Gottingen, a German language school. [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. Submit a correction or make a comment about this profile. He returned to the United States in 1857, and entered the banking-firm of Duncan, Sherman and Co., of New York. They married in May 1865 and had four children, with son John Pierpont "Jack" Morgan Jr. going on to take over his father's business many years later. He then acquired control of many leading financial and insurance companies. examples of olympic values Likes. discoveries. [20][21] Morgan was placed in charge of much of the firm's iron portfolio, which included the marketing of railroad bonds in both New York and London. Omissions? With his son's aid, Morgan grew his banking house into a trans-Atlantic . Pierpont, as he preferred to be known, had a varied education, due in part to interference by his father, Junius. Funny to see that hes my 6th cousin as Im taking a work break from sending documents to JP Morgan Chase . [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. 1892-1960. The Dowling Family Tree with over half a million relatives, Father of John Pierpont Morgan, Sr.; Sarah Spencer Morgan; Mary Lyman Burns; Junius Spencer Morgan and Juliet Morgan An error has occured while loading the map. [1] Career 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. 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. Career He began his business career in 1829 by entering the employ of Alfred Welles of Boston. 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 1915, he married Louise, daughter of the celebrated composer Frederick S. Converse and a great-granddaughter of the "Ice King" Frederic Tudor. Wikipedia (8 entries) edit. 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 Biography and associated logos are trademarks of A+E Networksprotected in the US and other countries around the globe. 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? Morgan demurred but eventually accepted, joining the firm as junior partner in October 1854. Family Members 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. [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. "[48], In 1836, Morgan married Juliet Pierpont (18161884), daughter of John Pierpont (17851866), a poet, lawyer, merchant, and Unitarian minister. 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. Birth 14 April 1813 - West Springfield, Massachusetts. We are all related! ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. 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." . stream (1892 - 1960) Photos: 745. 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 . [43] At the dinner, Morgan stated:[36], "never do anything to cause evil to be spoken of the American name. ; 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). [6], Morgan enjoyed collecting expensive and valuable paintings and gems and was passionate about yacht racing. J. S. Morgan began collecting as a student, and was early attracted to Virgil probably through the influence of Dean West. 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. Because of his links with the Peabody firm, Morgan had intimate and highly useful connections with the London financial world, and during the 1870s he was thereby able to provide the rapidly growing industrial corporations of the United States with much-needed capital from British bankers. [40], In 1873, Morgans American presence dramatically increased after the failure of Jay Cookes banking empire. Junius Spencer Morgan I (14 Apr 1813 - 8 Apr 1890) 0 references . By estimates, there were about 150 lavish estates built during that time, the majority of which have been turned into hotels and residential compounds. 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. 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, West Springfield, Mass., prospered at investment banking. Junius Spencer Morgan was an incredibly successful banker and financier, as he founded the bank J.S. [14][15] He was soon among the nation's financial elite. Design area: 5 1/4 x 8 7/16 inches (134 x 215 mm) Gift of Mr. John P. Morgan, II. It became J.P. Morgan and Company in 1895 and is now JPMorgan Chase & Co. gnalogique Dowling avec plus d'un demi-million de parents, 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. WIKITREE HOME | ABOUT | G2G FORUM | HELP | SEARCH. They were the . 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. The outdoor landscaping was overseen by Frederick Law Olmsted, the celebrated landscape architect responsible for Central Park, according to Ms. Devendorf. 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. J.P. Morgan - The Life and Deals of America's Banker: Insight and Analysis into the Founder of Modern Finance and the American . [20] Some of Peabody's largest clients suspended business or failed entirely, and Duncan Sherman was unable to pay its remittances without assistance. Junius Spencer Morgan, 1813-90, b. 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. Today it is the Morgan Library & Museum . 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. DISCLAIMER: The currency conversion is provided for illustration purposes only. .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. The most expensive listing in the U.S. is a West Coast home asking $350 million. Morgan Genealogy: A History of James Morgan, of New London, Conn. Their relationship, though separated by an ocean and wildly divergent personalities, was close. He was of Hartford, Conn., but later associated with the Banking-house of Peabody & Morgan of London, England, where he resided many years. We know it's short notice, so don't fret too much. His success emboldened him to strike out on his own, and he continued to work with his father after founding J. Pierpont Morgan & Co. in the early 1860s. Geneastars | Facebook. Junius Spencer Morgan 1846 - 1858. 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. Sunrise 7:55. Morgan urged Pierpont to withdraw his name from consideration, and he did. Morgan Family. Meanwhile, Pierpont struck up a new romance with Frances Louisa "Fanny" Tracy, the daughter of a New York lawyer. Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. Contents Early life Career Personal life References Early life Morgan was born on April 14, 1813 in Holyoke, Massachusetts. pigella miraculous ladybug power. 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. 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! Miles Morgan, ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. Junius Spencer Morgan Events. The largest online newspaper archive; 22,800+ newspapers from the 1700s-2000s; Millions of additional pages added every month Major children and living persons must directly contact the. Joseph Morgan handed to his son, besides fortune and the capacity for making more money, a genial disposition; he had the qualities of the old-time host in the hotel business, and his . 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. Devastated, the young businessman returned to New York and plunged himself into his work. 1890 death: From grandparents to grandchildren 1902. J P Morgan. Regardless, Morgan continued to exert his authority in both industries and in government. I hire a lawyer to tell me how I can do what I want to do! We are not responsible for any loss that you may incur as a result of relying on these currency conversions. 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. Enter a grandparent's name. Junius Spencer Morgans father J.P. Morgan II, an influential financier himself, had an estate in the area, which was nicknamed the Gold Coast for its show of opulence at the turn of the 20th century. In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. 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. "[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. However, he soon encountered resistance from President Theodore Roosevelt, who sought to leverage the populist tide against the wealthy "robber barons" of Wall Street. 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. Joseph personally bought the stakes of Aetna investors who hesitated to pay on the policies. 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. In 1861 Morgan became the agent for his fathers banking company in New York City. [5] He made a fortune with Aetna in 1835, when Aetna covered Wall Street firms destroyed in the Great Fire of New York. [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. contains thousands of pictures and GeneaStars. John Pierpont Morgan Jr. (1867-1943) . Primary source of wealth: J. P. Morgan & Co.. . With his son's aid, Morgan grew his banking house into a trans-Atlantic financial empire that included firms in . great grandfather. Son of Joseph Morgan, III and Sarah "Sally" Morgan More:Gatsby-esque Mansion on Long Island Gets $15M Chopped Off its $100M Asking Price. 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. Quick access. At the age of 13, he was enrolled at the American Literary, Scientific, and Military Academy (now Norwich University) in Middletown, Connecticut near the home of his mother's parents. In 1836, he married John Pierpont Morgan's mother, Juliet. The carriage hit a pile of stone and Morgan was thrown against the wall. J.P. Morgan became one of the wealthiest and most powerful businessmen in the world through his founding of private banks and industrial consolidation in the late 1800s. 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. 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. He spent winters at the Villa Henriette in Monte Carlo. Married 2 May 1836 to Juliet Pierpont, born 30 July 1816 - Baltimore, Baltimore Co., MD, deceased 23 February 1884 aged 67 years old (Parents : John C. Pierpont, Rev. Outgoing letters are addressed to her sister, Mary Kirkland Tracy. Morgan & Co. Morgan sought to prop up the price by purchasing as many bonds as he could. Corrections? He is buried in Cedar Hill Cemetery in Hartford, Connecticut.[8][9]. Railroad securities were further weakened by the Credit Mobilier scandal. 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. Morgan's Death. 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. [14], On May 15,[16] 1853, at the recommendation of James Beebe, Morgan visited the American banker George Peabody in London. The immense scope of Morgan's power came to light in the wake of the Panic of 1893. It was not really a question of price. 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. 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. 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. The . junius spencer morgan great grandchildren. Read reviews from world's largest community for readers. [5], Soon thereafter, Morgan's father secured him a new partnership at Morris Ketchum's private bank on Wall Street, renamed Morgan Ketchum & Co. We are all related! [42], In 1877, Morgan began a semiretirement, cutting back on his schedule and ceding greater authority to his son. Father Joseph Morgan (Spencer) II. There is a "921 PPP Without Project Account and without ProjectBox" error that needs corrected. He returned to the spotlight one final time in 1912, when he testified before the Pujo Committee's congressional investigation into the collaborations of Wall Street bankers. [7] Upon his death, his artwork collection was donated. He was interred at the family lot in Cedar Hill Cemetery in Hartford. *FREE* shipping on qualifying offers. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. 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. 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. [44] By the 1880s, Junius's health began to fade, and he stepped back from day-to-day business. This house is among the chief negotiators of railroad bonds, and was active in the reorganization of the West Shore railroad and its absorption by the New York Central railroad. The assets of the House of Morgan fell 40% from $704 million to $425 million. Geni requires JavaScript! 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. J. P. Morgan. Candidates . Francis Goodwin,[59] chairman of the Hartford Parks Commission. Also in 1901, Morgan teamed with James J. Hill to form the Northern Securities Company. Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. 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. Username and password are case sensitive. Morgan's grandson later recalled this as "at that time, the bitterest disappointment of his life". Juliet Pierpont Morgan (18471923), who was the mother of John Junius Morgan (d. 1952). 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.