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 . 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. Having ceased to undertake large industrial reorganizations, Morgan thereafter concentrated on amassing control of various banks and insurance companies. 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. Morgan's astounding success transformed the financial industry and left behind a powerful legacy. His paternal grandparents were Junius Spencer Morgan (1813-1890) [3] and Juliet Pierpont (1816-1884), the daughter of John Pierpont. Junius Spencer Morgan, III won (41%) against 2 opponents. J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. [31], Morgan became the active head of the firm in February 1859, with Peabody remaining the nominal senior partner. Corrections? Continuing with this request will add an alert to the cemetery page and any new volunteers will . Funny to see that hes my 6th cousin as Im taking a work break from sending documents to JP Morgan Chase . [70], Last edited on 25 February 2023, at 17:50, Connecticut Mutual Life Insurance Company, "J.S. If so, login to add it. Notable with 921 PPP Without Project Account and without ProjectBox, http://www.brainyquote.com/quotes/authors/j/j_p_morgan.html, http://www.netstate.com/states/peop/people/ct_jpm.htm, http://www.pbs.org/wgbh/amex/1900/peopleevents/pande10.html, http://www.adr.com/Home/DisclaimerAndAgreement.aspx, http://www.biography.com/articles/John-Pierpont-Morgan-9414735, Cedar Hill Cemetery, Hartford, Connecticut. Devastated, the young businessman returned to New York and plunged himself into his work. 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. Father Joseph Morgan (Spencer) II. gnalogique Dowling avec plus d'un demi-million de parents, 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. [1] Career 5 0 obj 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. Mountain Landscape with Bridge over Waterfall. In 1907, Morgan again was called to aid the U.S. government in the grips of economic panic. With his son's aid, Morgan grew his banking house into a trans-Atlantic financial empire that included firms in London, New York City, Philadelphia, and Paris. ; Services to Be Held Today at Highland Falls and Here on Sunday", "J. S. Morgan Dies In Switzerland; Retired Banker Emulated Ex- ample of Uncle, the Late j. P., as Art Collector. Junius Spencer Morgan I was an American banker and financier, as well as the father of John Pierpont "J.P." Morgan and patriarch to the Morgan banking house. In 1915, he married Louise, daughter of the celebrated composer Frederick S. Converse and a great-granddaughter of the "Ice King" Frederic Tudor. He brought in other major . Just one grandparent can lead you to many In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General . In 1836, he married John Pierpont Morgan's mother, Juliet. GREAT NEWS! Please refer to the appropriate style manual or other sources if you have any questions. aged 75years old. {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. Design area: 5 1/4 x 8 7/16 inches (134 x 215 mm) Gift of Mr. John P. Morgan, II. Major children and living persons must directly contact the. 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. Joseph personally bought the stakes of Aetna investors who hesitated to pay on the policies. He remained as a clerk for five years, gaining exposure to the banking industry, as well as a number of mercantile trades in Boston and New York. Connect to the World Family Tree to find out, 1813 - Holyoke, Comt De Hampden, Massachusetts, tats-Unis, Junius MORGAN, Juliet MORGAN, Mary MORGAN, John Pierpont MORGAN, Apr 14 1813 - West Springfield, Massachusetts, Usa, Joseph Morgan, Sarah "sally" Morgan (born Spencer), Apr 14 1813 - West Springfield, Hampshire, Massachusetts, Joseph Morgan III, Sarah Morgan (born Spencer), n Pierpont Morgan Sr., Sarah Spencer Morgan, Junius Spencer Morgan II, Mary Lyman Burns (born Morgan), Juliet Morgan, Juliet Pierpont Morgan, Lucy Goodwin (born Morgan), Mary Smith (born Morgan), Cedar Hill Cemetery, Hartford, Hartford, CT, United States, Cedar Hill Cemetery of Hartford, Connecticut. Morgan urged Pierpont to withdraw his name from consideration, and he did. Records: 4,977. Through his New York social circle, Morgan grew close to Amelia "Memie" Sturges, the daughter of a successful merchant. [66], At his death, he left a fortune of $12,400,000 (equivalent to $370,000,000 today). 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. 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. Pierpont, as he preferred to be known, had a varied education, due in part to interference by his father, Junius. 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. 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. 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. Capture a web page as it appears now for use as a trusted citation in the future. 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. Lucy was the mother of James J. Goodwin and the Rev. TH E W E A TH E R Snow or rain. 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. Junius Spencer Morgan I (14 Apr 1813 - 8 Apr 1890) 0 references . WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. 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. He founded J. S. Morgan & Co. From 1854, he was partner, with George Peabody, in the English banking house of George Peabody & Co. [14][15] He was soon among the nation's financial elite. There are no volunteers for this cemetery. [4] [5] Career. Morgan's grandson later recalled this as "at that time, the bitterest disappointment of his life". [44] By the 1880s, Junius's health began to fade, and he stepped back from day-to-day business. 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. Have you taken a DNA test? [42], In 1877, Morgan began a semiretirement, cutting back on his schedule and ceding greater authority to his son. [35], Still, Morgan was ambitious to place his bank on par with the Rothschilds and Barings Bank. 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. from Harvard University in 1914. . By the early 1900s, Morgan was the main force behind the Trusts, controlling virtually all the basic American industries. Please enable JavaScript in your browser's settings to use this part of Geni. The most expensive listing in the U.S. is a West Coast home asking $350 million. arwiki . Contents. The couple had five children: Junius, Henry, Jane, and Frances lived to adulthood, but Alice died of typhoid fever. 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. [3], Junius's father Joseph was a soldier in the Revolutionary Army and farmer in West Springfield, Massachusetts. Morgan successfully led the American financial communitys attempt to avert a general financial collapse following the stock market panic of 1907. The . A protracted legal battle was settled when the Supreme Court ruled in favor of the government in 1904. Morgan's Death. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. 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. [1], As was typical for aspiring businessmen of the time, Junius did not enroll in college, but was apprenticed to Alfred Welles, a Boston merchant banker, in 1829. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. WIKITREE HOME | ABOUT | G2G FORUM | HELP | SEARCH. He suffered a broken wrist and concussion and was unconscious for five days until his death on April 8, 1890. The Morgan Memorial served as a prototype for the Pierpont Morgan wing of the Metropolitan Museum of Art. 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. Ms. Walker couldnt immediately be reached for comment. rootsweb: Click Here 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. "[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. Junius Morgan book. 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. His book collection and the building that housed them in New York City became a public reference library in 1924. In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. junius spencer morgan great grandchildren. Peabody pledged the bank could continue to use his name and if necessary, some capital. Cookes firm collapsed on September 18, triggering a wave of bank failures as part of the Panic of 1873. Junius Spencer Morgan Events. 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. All charts include source citations for ancestors in the charts. 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. Philanthropist, Industrialist, Businessman, American financier, banker, philanthropist and art collector, Born on April 17, 1837 The Beaux-Arts Morgan Memorial of 1910-15 was designed by Benjamin Wistar Morris. 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. 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, 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. from Harvard University in 1914. . He is buried in Cedar Hill Cemetery in Hartford, Connecticut.[8][9]. We are all related! 1892-1960. 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. In April 1912 Morgan had a booking on the maiden voyage of White Stars Titanic but was forced to cancel, reportedly because of an illness. 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. walmart springfield, mo tire and lube hours . The would-be assassin, apparently of German . She married George Hale Morgan on 27 June 1866, in Connecticut, United States. 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. The PEDIGREE of Junius Spencer MORGAN (major banker; founder & eponym of J.S. In semi-retirement by the time the crisis was resolved, Morgan devoted much of his energy to his art collection and philanthropy. Major children and living persons must directly contact the. J. P. Morgan. Leave a message for others who see this profile. He was named after his maternal grandfather, and much like his Uncle Pierpont, he was a great collector. 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." . Morgan Genealogy: A History of James Morgan, of New London, Conn. The firm did a general banking and brokerage business and had a few foreign clients. 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. An error has occured while loading the map.