Junius Spencer Morgan, III won (41%) against 2 opponents. Morgan & Co., House of Morgan) Born: 1813 Died: 1890 d. after carriage accident Gen. Pierpont Hamilton's Great-Grandfather. He then acquired control of many leading financial and insurance companies. 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. Major children and living persons must directly contact the. In 1907, Morgan again was called to aid the U.S. government in the grips of economic panic. 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. Miles Morgan, ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. 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. 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. IMPORTANT PRIVACY NOTICE & DISCLAIMER: YOU HAVE A RESPONSIBILITY TO USE CAUTION WHEN DISTRIBUTING PRIVATE INFORMATION. Junius Spencer Morgan I (14 Apr 1813 - 8 Apr 1890) 0 references . (1892 - 1960) Photos: 745. [14][15] He was soon among the nation's financial elite. [30] The firm turned an eventual profit on the venture, but its major purpose was to establish Morgan as a primary backer in the growing communications industry. Sunset 6:13. [6], In April 1833, Alfred Welles offered Morgan a partnership in his firm; he accepted against his father's wishes. 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. To commemorate his passing, the New York Stock Exchange remained closed until noon on the day of his funeral. 1785-1866 & Mary Sheldon Lord 1787-1855) with. Junius Spencer Morgan (1867-1932), Class of 1888, and A.M. 1896, was a nephew of the celebrated John Pierpont Morgan, the great financier. {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. In 1886 he reorganized two more major railroads with the aim of stabilizing their financial base. Mountain Landscape with Bridge over Waterfall. This page has been accessed 12,698 times. % The most expensive listing in the U.S. is a West Coast home asking $350 million. [12], In fall 1850, Morgan arranged to go into business with James M. Beebe of Boston, a young merchant with a growing import business. When his horses bolted at an oncoming train, Morgan stood to see if his driver could steady the horses. The assistant librarian was Junius Spencer Morgan, nephew of wealthy financier J. P. Morgan. He began his business career in 1829 by entering the employ of Alfred Welles, of Boston, with whom he continued until he became of age.--In July, 1834, he joined the banking-house of Morgan, Ketchum and Co., of New York, but he returned to Hartford about eighteen months later. 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. Initially a smart but indifferent student, he began showing improved grades by the time he attended English High School in Boston. Together they had three children: Sarah Spencer Morgan, Alexander Perry Morgan and Lucrutia Morgan who died at birth. Descendants. He took on a prominent role in London society, hosting many social gatherings at his homes on Hyde Park and at Roehampton.[32][33]. 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." . Hearst Magazine Media, Inc. Site contains certain content that is owned A&E Television Networks, LLC. John Pierpont Morgan 1837-1913 Married in 1861, New York, NY, to Amelia . Beebe, Morgan and Co., became one of the largest dry-goods establishments in the United States. Upon his father's death, he inherited part of Chicopee Field. Spouses, children, grandchildren and great-grandchildren. 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. Juliet Morgan Anne Morgan: Cha m: Junius Spencer Morgan Juliet Pierpont: John Pierpont "J.P." Morgan (17/4/1837 - 31/3/1913) l nh kinh doanh, ti chnh, t thin v su tp ngh thut ngi M, v l ngi c vai tr to ln trong nn ti chnh v cng nghip Hoa K cui th k 19. Morgan's grandson later recalled this as "at that time, the bitterest disappointment of his life". 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. Morgan & Co. into the upper ranks of international finance. stream Morgan III. "[48], In 1836, Morgan married Juliet Pierpont (18161884), daughter of John Pierpont (17851866), a poet, lawyer, merchant, and Unitarian minister. . From about 1836 to 1853, he was in the dry-goods business. Junius Spencer. 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. Read reviews from world's largest community for readers. Famouskin.com also includes ancestoral charts showing the family relationships of J.P. Morgan to many famous kin. junius spencer morgan great grandchildren 05 Jun. If so, login to add it. Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. In September 1851, Morgan passed the entrance exam for the English High School of Boston, a school specializing in mathematics to prepare young men for careers in commerce. 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. 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. It was not really a question of price. 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. "Go as far as you can see; when you get there, you'll be able to see farther. He returned to the United States in 1857, and entered the banking-firm of Duncan, Sherman and Co., of New York. When healthy, he frequented galleries and concerts with his parents, sparking a lifelong fascination with the arts. Ten years later, he succeeded Peabody as head of the firm and changed its name to J. S. Morgan & Co. MORGAN, Junius Spencer, banker, born in West Springfield (now Holyoke), Massachusetts, 14 April, 1813. [68][69] At the Connecticut State Capitol, flags were flown at half-mast in mourning. West Springfield, Mass., prospered at investment banking. [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. WIKITREE HOME | ABOUT | G2G FORUM | HELP | SEARCH. Biography and associated logos are trademarks of A+E Networksprotected in the US and other countries around the globe. 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. The Dowling Family Tree with over half a million relatives, [44] By the 1880s, Junius's health began to fade, and he stepped back from day-to-day business. [14], On May 15,[16] 1853, at the recommendation of James Beebe, Morgan visited the American banker George Peabody in London. junius spencer morgan junius spencer morgan. There is 1 volunteer for this cemetery. The executives eventually agreed to terms in what became known as the Corsair Compact. 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. Junius Spencer Morgan was an incredibly successful banker and financier, as he founded the bank J.S. Underscoring his influence in the industry, Morgan in 1885 arranged a meeting with the feuding directors of the New York Central and Pennsylvania Railroad aboard his yacht, the Corsair. He passed away on 19 Oct 1960 in Simcoe, Norfolk, Ontario. Sorry! Sitelinks. 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. Ancestors. Continuing with this request will add an alert to the cemetery page and any new volunteers will . L'arbre In 1902 Morgan brought together several of the leading agricultural-equipment manufacturers to form the International Harvester Company. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). In accordance with the legal provisions, you can ask for the removal of your name and the name of your minor children. 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. 1981.2:2 . 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. 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. However, despite Morgan's best efforts to nurse his bride back to health, she passed away in February 1862. In time Junius allowed friends to build on the island. 1844 d. 1919. J.P. Morgan - The Life and Deals of America's Banker: Insight and Analysis into the Founder of Modern Finance and the American . MORGAN. We know it's short notice, so don't fret too much. In 1896, Morgan embarked on consolidations in the electric, steel (creating U.S. Steel, the world's first billion-dollar corporation, in 1901), and agricultural equipment manufacturing industries. << /Length 6 0 R /Filter /FlateDecode >> 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. [10] [14] During the Great Depression he took heavy financial losses. 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. He is buried in Cedar Hill Cemetery, Hartford, Connecticut. The firm soon became a major player in the steel industry by financing the formation of Federal Steel in 1898. [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. Junius Spencer Morgans manor, named Salutation, is one of the few remaining estates still privately owned. 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. 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 . J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. From 1854, he was partner, with George Peabody, in the English banking house of George Peabody & Co. 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. . The son of a successful financier, Junius Spencer Morgan (181390), John Pierpont Morgan was educated in Boston and at the University of Gttingen. He then looked to the financial and insurance industries, in which his banking firm also achieved a concentration of control. Deceased persons are not concerned by this provision. Career He began his business career in 1829 by entering the employ of Alfred Welles of Boston. Throughout, Morgan and Peabody maintained their confidence in Field's project. Have you taken a DNA test? Please refer to the appropriate style manual or other sources if you have any questions. J.P. Morgan was known for reorganizing businesses to make them more profitable and stable and gaining control of them. 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 Enter a grandparent's name. Morgan demurred but eventually accepted, joining the firm as junior partner in October 1854. If not, see our friends at Ancestry DNA. Son of Joseph Morgan III and Sally (Spencer) Morgan. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. He also financed industrial consolidations that formed General Electric, U.S. Steel, and International Harvester. The compound offers an impressive range of properties, including an entire 48-acre island with six distinctive residences, a 10-acre adjacent strip with underwater rights, a 28-acre pond, a 250-foot dock and two helicopter spots, according to Bonnie Devendorf, listing agent at Daniel Gale Sothebys International Realty. 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. Corrections? Also in 1901, Morgan teamed with James J. Hill to form the Northern Securities Company. [2], The Morgan name is traced to Carmarthen, Wales, with his earliest known ancestor being Hyfaidd ap Bleddri, third son of Bledri ap Cydifor of Wales. Get a Britannica Premium subscription and gain access to exclusive content. Submit a correction or make a comment about this profile. junius spencer morgan 30 Nov. junius spencer morgan. In 1860 he became agent and attorney in the United States for George Peabody and Co., of London, which relation he has since held with that firm and its successor. 1890 death: From grandparents to grandchildren We use cookies to make our website work more efficiently, to provide you with more personalised services or advertising to you, and to analyse traffic on our website. He was interred at the family lot in Cedar Hill Cemetery in Hartford. 2008 - 2023 INTERESTING.COM, INC. Junius Spencer Morgan III married Emma Louise Converse and had 2 children. Pierpont, as he preferred to be known, had a varied education, due in part to interference by his father, Junius. The Beaux-Arts Morgan Memorial of 1910-15 was designed by Benjamin Wistar Morris. Drexel allied his bank with Peabody's through Morgan, forming one of the most powerful and important banking alliances in American history. He was a devout Episcopalian. WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. We are featuring this profile in the Connection Finder this week. [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. After the death of his wife Juliet in 1884, he withdrew further from business. 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. 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.