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We may earn commission from links on this page, but we only recommend products we back. All property prices are as stated by the listing agent. 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. Morgan used his company's funds to purchase the coffee, and then sold it to local merchants for a profit. Morgan's Death. junius spencer morgan great grandchildren 05 Jun. gnalogique Dowling avec plus d'un demi-million de parents, Philanthropist, Industrialist, Businessman, American financier, banker, philanthropist and art collector, Born on April 17, 1837 Ancestral pedigree chart of J.P. Morgan. He helped to achieve railroad rate stability and discouraged overly chaotic competition in the East. Margaret Geer Walker lives there, Anonymous @ 2021-02-06 20:05:03 . 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 . Articles from Britannica Encyclopedias for elementary and high school students. He then became junior partner in the drygoods house of Howe, Mather and Co., which in 1850 became Mather, Morgan and Co. A year later he was invited by James M. Beebe to form a co-partnership in Boston, which, under the style of J. 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. Husband of Juliet Morgan Founder of United States Steel Corporation. ", Delivers the most important property news around the world to your inbox each weekday, COPYRIGHT 2023 MANSION GLOBAL. [31], Morgan became the active head of the firm in February 1859, with Peabody remaining the nominal senior partner. In 1864, at the urging of his father, he paired with senior partner Charles Dabney to form Dabney, Morgan & Co. With Junius Morgan now heading the London banking firm, the Morgans continued to expand their wealth and influence by funneling overseas investments into American businesses. discoveries. [4] [5] Career. Linked to: Timothy Michael Dowling, 6th cousin 5x removed, {{ mediasCtrl.getTitle(media, true) }} Nous sommes tous In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General . Charcoal and stumping on wove paper. [33], In 1864, Morgan's ten-year agreement with Peabody expired. He received an A.B. Morgan family - Wikipedia . junius spencer morgan 30 Nov. junius spencer morgan. Morgan was also among the foremost collectors of art and books of his day; his book collection and the building that housed it in New York City are now The Pierpont Morgan Library. " The son of a successful financier, Junius Spencer Morgan (181390), John Pierpont Morgan was educated in Boston and at the University of Gttingen. 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. Junius Spencer Morgan I. [38], Another windfall arrived at Morgan's doorstep that same year when Philadelphia's Anthony Drexel proposed an affiliation with J. S. Morgan & Co. Drexel was then Philadelphia's second power in government finance after Jay Cooke. Morgan Genealogy: A History of James Morgan, of New London, Conn. 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. It was this fortune which eventually placed J.P. Morgan's father, Junius Spencer Morgan, in the banking business. J.P. Morgan | Biography & Facts | Britannica