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 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 Rome, Italy, This form allows you to report an error or to submit additional information about this family tree: J. P. MORGAN (1837), Copyright Wikipdia authors - This article is under licence CC BY-SA 3.0. in Hartford, Connecticut, USA , United States, Died on March 31, 1913 J. Pierpont Morgan is arguably the most famous banker in American history, b. Full text of "Cynthiana democrat (The), 2014-10-16" He took on a prominent role in London society, hosting many social gatherings at his homes on Hyde Park and at Roehampton.[32][33]. Junius Spencer Morgan II (1867-1932), son of J. Pierpont Morgan's sister Sarah, began collecting rare books while he was in his teens and eventually built a fine collection of the ancient Roman poet Virgil's works. rootsweb: Click Here [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. J.P. Morgan, in full John Pierpont Morgan, (born April 17, 1837, Hartford, Connecticut, U.S.died March 31, 1913, Rome, Italy), American financier and industrial organizer, one of the worlds foremost financial figures during the two pre-World War I decades. Junius Spencer Morgan and his family lived on the island for decades. His book collection and the building that housed them in New York City became a public reference library in 1924. 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. Omissions? Today it is the Morgan Library & Museum . [5] In 1910, at the age of 74, he was living with his wife Frances and daughter Anne in Manhattan. 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. Drexel allied his bank with Peabody's through Morgan, forming one of the most powerful and important banking alliances in American history. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. Have you taken a DNA test? Morgan's grandson later recalled this as "at that time, the bitterest disappointment of his life". 1902. John Pierpont Morgan, Sr. (1837 - 1913) - Genealogy - geni family tree 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 . We know it's short notice, so don't fret too much. He was of Hartford, Conn., but later associated with the Banking-house of Peabody & Morgan of London, England, where he resided many years. All for $5.95M https://t.co/apeTdEMi21 pic.twitter.com/Ttwvmu2BTU. 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. Junius Spencer MORGAN 1813-1890 - Ancestry Founder of United States Steel Corporation. 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 Mary Lyman Morgan Burns 1844 - 1919. "[48], In 1836, Morgan married Juliet Pierpont (18161884), daughter of John Pierpont (17851866), a poet, lawyer, merchant, and Unitarian minister. 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. Fans vent fury as Spencer Matthew's documentary Finding Michael fails Morgan was one of the greatest art and book collectors of his day, and he donated many works of art to the Metropolitan Museum of Art in New York City. When Sarah Spencer Morgan was born on 5 December 1839, in Hartford, Hartford, Connecticut, United States, her father, Junius Spencer Morgan Sr., was 26 and her mother, Juliet Pierpont, was 23. 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. discoveries. Ancestors. In 1861 Morgan became the agent for his fathers banking company in New York City. If not, see our friends at Ancestry DNA. 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. arwiki . J. S. Morgan began collecting as a student, and was early attracted to Virgil probably through the influence of Dean West. The most expensive listing in the U.S. is a West Coast home asking $350 million. "To acquire an entire island of this magnitude and beauty is a once-in-a-lifetime opportunity," Ms. Devendorf said, adding that it lies within an hours drive from New York City (the island has a private causeway connecting to the mainland) and is less than 30 minutes by air or sea to the city. The Dowling Family Tree with over half a million relatives, [42], In 1877, Morgan began a semiretirement, cutting back on his schedule and ceding greater authority to his son. He started his own private banking company and bought railroads, becoming one of the world's largest steel distributors. We are all related! [63] Morgan was a close friend of the Whig politician and diplomat Abbott Lawrence. 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. [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. Astrological Sign: Aries, Death Year: 1913, Death date: March 31, 1913, Death City: Rome, Death Country: Italy, Article Title: J.P. Morgan Biography, Author: Biography.com Editors, Website Name: The Biography.com website, Url: https://www.biography.com/business-leaders/jp-morgan, Publisher: A&E; Television Networks, Last Updated: March 26, 2021, Original Published Date: April 3, 2014. [6], Morgan enjoyed collecting expensive and valuable paintings and gems and was passionate about yacht racing. 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. Junius Morgan's Estate (Salutations) - Virtual Globetrotting Junius Spencer. Outgoing letters are addressed to her sister, Mary Kirkland Tracy. Sitelinks. [68][69] At the Connecticut State Capitol, flags were flown at half-mast in mourning. Ms. Devendorf declined to confirm Ms. Walker as the owner of the property. He also financed industrial consolidations that formed General Electric, U.S. Steel, and International Harvester. Morgan & Co. Junius had a strong role in getting his son into the best educational schools he had access to, as well as mentoring him on successful business habits. Junius Spencer Morgan (1813 - 1890) - Genealogy - geni family tree One of the firm's two junior partners was future Governor of New York and U.S. Vice President Levi P. However, he soon encountered resistance from President Theodore Roosevelt, who sought to leverage the populist tide against the wealthy "robber barons" of Wall Street. [1] Career 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. Select from premium Junius Spencer Morgan of the highest quality. By the time of his death in 1890, the Morgan banks were dominant forces in government and railroad finance, and his was the pre-eminent American banking house. [37] After the fall of Paris in January and the establishment of the Paris Commune, the bonds dropped from 80 points to 55, nearly bankrupting J.S. 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. Northern Securities held the majority of shares in the Northern Pacific, the Great Northern and the CB&Q railroads, giving Morgan control of approximately one-third of the country's railways. 2008 - 2023 INTERESTING.COM, INC. . Honored By Two Nations Spent Most of Time in Europe Since Retiring From Paris Banking Firm Many Years Ago", "Oxford Dictionary of National Biography", "Mrs. Juliet Morgan Left Only $43,738; Sister of Late J.P. Morgan Made No Will, and All Goes to Son", "Morgan Estate Tax Filed; Cousin of Late Banker Had Net of $1,881,913, Appraisal Shows", "The Late Junius S. [60], He contributed money to the Hartford Free Library,[61] his church and to Trinity College, Hartford. Morgan urged Pierpont to withdraw his name from consideration, and he did. % John Pierpont Morgan was an American financier and investment banker during the Gilded Age. [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. 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. Linked to: Timothy Michael Dowling, 6th cousin 5x removed, {{ mediasCtrl.getTitle(media, true) }} 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. 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. J P Morgan. Though Peabody retired as promised, he denied Morgan the use of his name and capital. 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. Adrian Wooldridge characterized Morgan as America's "greatest banker".[1]. John Pierpont Morgan (April 17, 1837 - March 31, 1913) was an American financier, banker and art collector who dominated corporate finance and industrial consolidation during his time.