WIKITREE HOME | ABOUT | G2G FORUM | HELP | SEARCH. John Pierpont Morgan was born into a prominent New England family on April 17, 1837, in Hartford, Connecticut. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. Enter a grandparent's name. Morgan, American family of financiers and philanthropists. [5] He made a fortune with Aetna in 1835, when Aetna covered Wall Street firms destroyed in the Great Fire of New York. [20] Some of Peabody's largest clients suspended business or failed entirely, and Duncan Sherman was unable to pay its remittances without assistance. More:Gatsby-esque Mansion on Long Island Gets $15M Chopped Off its $100M Asking Price. 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. J. S. Morgan began collecting as a student, and was early attracted to Virgil probably through the influence of Dean West. Kindle $10.99 Rate this book The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance Ron Chernow 3.94 10,223 ratings515 reviews The winner of the National Book Award and now considered a classic, The House of Morgan is the most ambitious history ever written about an American banking dynasty. 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. Deceased persons are not concerned by this provision. 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. [7], In January 1836, Morgan's father bought him a partnership in the Hartford wholesale dry goods house of Howe Mather & Co., the largest in Hartford. Just one grandparent can lead you to many However, despite Morgan's best efforts to nurse his bride back to health, she passed away in February 1862. Under this name the house has grown in strength and influence until at present it ranks among the great banking-houses of the world. Death 8 Apr 1890 - Hartford, Hartford, Connecticut, USA. 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 world's foremost financial figures during the two pre-World War I decades. This earned Morgan the occasional distrust of the federal government and the enmity of reformers and muckrakers throughout the country, but he remained the dominant figure in American capitalism until his death in 1913. Records: 4,977. In one early example of his ingenuity, Morgan was in New Orleans for business when he encountered a ship captain with a boatload of coffee and no buyer. << /Length 6 0 R /Filter /FlateDecode >> Username and password are case sensitive. 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#. "[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. 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. He returned to the United States in 1857, and entered the banking-firm of Duncan, Sherman and Co., of New York. [40], In 1873, Morgans American presence dramatically increased after the failure of Jay Cookes banking empire. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. Drexel allied his bank with Peabody's through Morgan, forming one of the most powerful and important banking alliances in American history. In October 1861, Morgan married Amelia Sturges in Manhattan, New York. J P Morgan. 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. Dowling Their blossoming romance was jarred by her diagnosis of tuberculosis in 1861, and they quickly married and moved to Algiers with the hope of spurring a recovery. 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. Sitelinks. Inscription: Signed in pen and black ink, at lower right, "Junius March 10 / 1902". Although he twice bailed out the U.S. Treasury, his ability to do so left many unsettled, spurring the creation of the Federal Reserve System in late 1913. The Dowling Family Tree with over half a million relatives, [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. stream We know it's short notice, so don't fret too much. 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. The couple had five children: Junius, Henry, Jane, and Frances lived to adulthood, but Alice died of typhoid fever. After the Civil War broke out, Morgan traded Union war bonds at a tremendous profit. J. Pierpont Morgan is arguably the most famous banker in American history, b. 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. ; The Result Of The Banker's Recent Accident At Monte Carlo", "Mrs. Morgan's Funeral. 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. *FREE* shipping on qualifying offers. Morgan. He began his career in 1857 as an accountant with the New York banking firm of Duncan, Sherman and Company, which was the American representative of the London firm George Peabody and Company. 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. [63] Morgan was a close friend of the Whig politician and diplomat Abbott Lawrence. J P Morgan. [70], Last edited on 25 February 2023, at 17:50, Connecticut Mutual Life Insurance Company, "J.S. [22] Built around a core of booming American railway securities, the firm established itself in several other markets, including the New York money market and government finance. Morgan Genealogy: A History of James Morgan, of New London, Conn. 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. % "[48], In 1836, Morgan married Juliet Pierpont (18161884), daughter of John Pierpont (17851866), a poet, lawyer, merchant, and Unitarian minister. Wife/Partner: Juliet PIERPONT Children: John Pierpont MORGAN ; Mary Lyman (m. Walter Hayes Burns) junius spencer morgan junius spencer morgan. rootsweb: Click Here Junius Spencer Morgan was an incredibly successful banker and financier, as he founded the bank J.S. In the fall of 1848, Pierpont transferred to the Hartford Public School and then to the Episcopal Academy in Cheshire, Connecticut, (now called Cheshire Academy), boarding with the principal. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. 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. The firm did a general banking and brokerage business and had a few foreign clients. In 1861 Morgan became the agent for his fathers banking company in New York City. Additionally, the lifelong art enthusiast began exponentially expanding an already impressive collection of valuable works. {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. contient des milliers de photos et GeneaStars. From about 1836 to 1853, he was in the dry-goods business. Linked to: Timothy Michael Dowling, 6th cousin 5x removed, {{ mediasCtrl.getTitle(media, true) }} 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." . Major children and living persons must directly contact the. We are all related! [47] He had a "dry wit and genial manor and employed iron discipline." 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. His name lives on through the massive international banking firm he created, which entered the 21st century as JPMorgan Chase & Co. Additionally, the financial giant left behind a personal art collection to rival that of any king. 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. Family Life JP Morgan Jr. married Jane Norton Grew. contient des milliers de photos et GeneaStars. Also contains a letter from Junius Spencer Morgan to J. Pierpont Morgan Famouskin.com also includes ancestoral charts showing the family relationships of J.P. Morgan to many famous kin. [9], Soon after inheriting a fortune from his father's estate in 1847,[10] Morgan was named senior partner at the rechristened Mather Morgan & Co.[11] In 1850, he took a trip to London to meet with some of that city's leading merchant bankers, in hopes that he might expand his own firm into foreign trade and banking.
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