If not, see our friends at Ancestry DNA. He was of Hartford, Conn., but later associated with the Banking-house of Peabody & Morgan of London, England, where he resided many years. "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. Morgan at the time was building a library at the corner of Madison Avenue and 38th Street in New York City and was looking for someone to help him cultivate his growing collections. "[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. GLEN COVE, L. I., N.Y., July 3, 1915 (UP) - John Pierpont Morgan, the financier, was shot at his summer home here shortly before 9 o'clock to-day. If so, login to add it. 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. Morgan and his partners actively promoted great mergers after 1922 and controlled . West Springfield, Mass., prospered at investment banking. Morgan demurred but eventually accepted, joining the firm as junior partner in October 1854. 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. The Morgan Memorial served as a prototype for the Pierpont Morgan wing of the Metropolitan Museum of Art. gnalogique Dowling avec plus d'un demi-million de parents, The assistant librarian was Junius Spencer Morgan, nephew of wealthy financier J. P. Morgan. 100 J P Morgan Quotes (John Pierpont Morgan Quotes) 1 2 3. 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. Peabody also forced unfavorable terms on Morgan's lease of the bank's 22 Old Broad Street offices. Records: 4,977. 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. 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. He suffered a broken wrist and concussion and was unconscious for five days until his death on April 8, 1890. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. 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. [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. [34] It was therefore not as directly reliant on American slavery as its peer banks in London, and took advantage during the American Civil War by aligning with the Union. "[48], In 1836, Morgan married Juliet Pierpont (18161884), daughter of John Pierpont (17851866), a poet, lawyer, merchant, and Unitarian minister. He is buried in Cedar Hill Cemetery in Hartford, Connecticut.[8][9]. He began working for his father at a young age and attended the University of Gottingen, a German language school. J. P. Morgan. 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. Through his New York social circle, Morgan grew close to Amelia "Memie" Sturges, the daughter of a successful merchant. Geneastars | Facebook. 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. In 1915, he married Louise, daughter of the celebrated composer Frederick S. Converse and a great-granddaughter of the "Ice King" Frederic Tudor. It was a question of success. Junius S. Morgan III, U.S.N., of 'Salutation' Glen Cove, Long Island, N.Y. zoom_in 2 images. contient des milliers de photos et GeneaStars. He worked at his father's bank, Peabody, Morgan & Co., and later the firms of Duncan, Sherman & Company and Dabney, Morgan, and Company. [33] Even so, the bank's position in London may have prevented further profits; buying Union war bonds risked alienating the English textile industry, which was closely aligned with Confederate cotton plantations. He attended Harvard University during the early-to-mid 1880s. He then looked to the financial and insurance industries, in which his banking firm also achieved a concentration of control. [62], Like his father, Morgan was a strong supporter of the Whig Party. Contents Early life Career Personal life References Early life Morgan was born on April 14, 1813 in Holyoke, Massachusetts. Have you taken a DNA test? 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. John Pierpont Morgan Jr. (1867-1943) . J.P. Morgan was known for reorganizing businesses to make them more profitable and stable and gaining control of them. Linked to: Timothy Michael Dowling, 7th cousin 4x removed contient des milliers de photos et GeneaStars. Just one grandparent can lead you to many In 1836, he married John Pierpont Morgan's mother, Juliet. 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. << /Length 6 0 R /Filter /FlateDecode >> Morgan Family. All Rights Reserved. . Morgan's Death. He also purchased Dover House in Roehampton. Major children and living persons must directly contact the. [7][6] He remained at the firm until his father's death in 1847. {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. . Funny to see that hes my 6th cousin as Im taking a work break from sending documents to JP Morgan Chase . Entering his mid-30s, Morgan was developing into the outsized figure that would dominate the financial world with his enormous frame, piercing eyes and brusque nature. [20][26] After the panic and near collapse of Peabody & Co., Morgan became a more cautious investor, demanding statements from all correspondent banks, even at the risk of offending them and even from well-respected former colleagues. Please enable JavaScript in your browser's settings to use this part of Geni. 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. Login to find your connection. [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. Morgan's astounding success transformed the financial industry and left behind a powerful legacy. Father of John Pierpont Morgan, Sr.; Sarah Spencer Morgan; Mary Lyman Burns; Junius Spencer Morgan and Juliet Morgan In 1854, Junius Morgan moved the family to London to begin his new career as a partner in the banking firm of George Peabody & Co. Pierpont was sent to the Institute Sillig in Switzerland, where he became fluent in French and displayed an aptitude for mathematics, and then to Gttingen University in Germany. 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. Mother Sarah Sally Spencer Morgan. The assets of the House of Morgan fell 40% from $704 million to $425 million. 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. He contributed money to Trinity College, Hartford. We know it's short notice, so don't fret too much. Morgan's life and career took another turn after the death of his father in 1890. pentecostal assemblies of the world ordination; how to start a cna school in illinois In 1886 he reorganized two more major railroads with the aim of stabilizing their financial base. Junius Spencer Morgan 1846 - 1858. 1902. ; His Body Will Be Interred In Cedar Hill Cemetery, Hartford", https://en.wikipedia.org/w/index.php?title=Junius_Spencer_Morgan&oldid=1141561297, Sarah Spencer Morgan (18391896), who married George Hale Morgan (18401911), Mary Lyman Morgan (18441919), who married Walter Hayes Burns (18381897). In 1902 Morgan brought together several of the leading agricultural-equipment manufacturers to form the International Harvester Company. 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. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. One of the firm's two junior partners was future Governor of New York and U.S. Vice President Levi P. Thanks for your cooperation! examples of olympic values Likes. Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. Morgan. Junius Spencer Morgan (American) The Metropolitan Museum of Art. He received an A.B. 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. Junius Spencer Morgan III married Emma Louise Converse and had 2 children. Following the death of Drexel that year, Pierpont again reorganized his company into J.P. Morgan & Co. At his death, in 1890, he left a fortune estimated at about $10,000,000. He also financed industrial consolidations that formed General Electric, U.S. Steel, and International Harvester. [60], He contributed money to the Hartford Free Library,[61] his church and to Trinity College, Hartford. Nathaniel's son, Joseph Morgan, was the fifth of seven children. They were the . from Harvard University in 1914. It was this fortune which eventually placed J.P. Morgan's father, Junius Spencer Morgan, in the banking business. The firm did a general banking and brokerage business and had a few foreign clients. 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. [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. Please refer to the appropriate style manual or other sources if you have any questions. 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. He began his business career in 1829 by entering the employ of Alfred Welles of Boston. junius spencer morgan great grandchildren. [49] Together, they had:[50][51], Morgan poured tremendous effort into his son and heir J. Pierpont. He took on a prominent role in London society, hosting many social gatherings at his homes on Hyde Park and at Roehampton.[32][33]. JP Morgan Jr.'s son Henry co-founded the Morgan Stanley financial corporation with Harold Stanley. Morgan urged Pierpont to withdraw his name from consideration, and he did. Additionally, the lifelong art enthusiast began exponentially expanding an already impressive collection of valuable works. from Harvard University in 1914. 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. J P Morgan. Find Junius Spencer Morgan stock photos and editorial news pictures from Getty Images. 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. [8] He continued traveling to collect debts and purchase cotton through the ongoing depression into the 1840s, continuing to grow his reputation as a businessman in Hartford. Morgan III. 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. J. P. Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. Also contains a letter from Junius Spencer Morgan to J. Pierpont Morgan He is also remembered for his art donations to New York Citys Metropolitan Museum of Art and his book collection, now in the Morgan Library and Museum. After Junius's move to London, Pierpont was his father's primary source of intelligence on American conditions. An error has occured while loading the map. J. Pierpont Morgan is arguably the most famous banker in American history, b. Updates? He received and A.B. This page was last edited on 25 February 2023, at 17:50. [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. %PDF-1.3 He later attended high school in Boston, specializing in mathematics. J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. Quick access. All for $5.95M https://t.co/apeTdEMi21 pic.twitter.com/Ttwvmu2BTU. J. P. Morgan was born in Hartford, Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. Juliet Pierpont Morgan . 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. Husband of Juliet (Pierpont) Morgan married 2 May 1836 in Hartford, Hartford County, Connecticut. The 27,000-square-feet stone manor has grand-scale living and entertaining spaces with views of the Long Island Sound, Manhattan and Connecticut. This firm was reorganized as J.P. Morgan and Company in 1895, and, largely through Morgans ability, it became one of the most powerful banking houses in the world. 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. [44] By the 1880s, Junius's health began to fade, and he stepped back from day-to-day business. DISCLAIMER: The currency conversion is provided for illustration purposes only. [24], The railway boom ended in 1857 and prices collapsed, leading to rumors in London that Peabody & Co. was on the verge of failure. Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. Also in 1901, Morgan teamed with James J. Hill to form the Northern Securities Company. Major children and living persons must directly contact the. 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. Following Drexel's death in 1893, Jack Morgan helped his father reorganize the company and rename it J. P. Morgan & Co., a name the company bears to this day! 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. The carriage hit a pile of stone and Morgan was thrown against the wall. He spent winters at the Villa Henriette in Monte Carlo. in Hartford, Connecticut, USA , United States, Died on March 31, 1913 Working with his son John Pierpont in New York, Morgan was able to receive news of the fall of Vicksburg via telegraph before it became general knowledge in London, buying up Union bonds before their prices rose. 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. lis! [33], In 1864, Morgan's ten-year agreement with Peabody expired. He has been a liberal donor to Trinity college, and in 1886 presented to the Hartford orphan asylum a generous contribution, known as the Sarah Morgan fund, in memory of his mother, Mrs. Sarah Spencer Morgan. Between now and Wednesday is a good time to take a look at the sources and biography to see if there are updates and improvements that need made, especially those that will bring it up to WikiTree Style Guide standards. [6], In April 1833, Alfred Welles offered Morgan a partnership in his firm; he accepted against his father's wishes. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. Read reviews from world's largest community for readers. Peabody pledged the bank could continue to use his name and if necessary, some capital. One of the most powerful bankers of his era, J.P. (John Pierpont) Morgan (1837-1913) financed railroads and helped organize U.S. Steel, General Electric and other major corporations. Username and password are case sensitive. 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. contient des milliers de photos et GeneaStars. As they sailed up and down the Hudson River, Morgan made it clear that the yacht would not return to port until they reached a compromise that fostered suitable competition. [45], Morgan was "tall with sloping shoulders" and a thickening midriff, a wide face, light blue eyes, a prominent nose, and a firm mouth. Morgan members were notable for dominating the banking industry during . Mary Lyman Morgan Burns 1844 - 1919. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. There are no volunteers for this cemetery. It was not really a question of price. Articles from Britannica Encyclopedias for elementary and high school students. 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. .css-m6thd4{-webkit-text-decoration:none;text-decoration:none;display:block;margin-top:0;margin-bottom:0;font-family:Gilroy,Helvetica,Arial,Sans-serif;font-size:1.125rem;line-height:1.2;font-weight:bold;color:#323232;text-transform:capitalize;}@media (any-hover: hover){.css-m6thd4:hover{color:link-hover;}}Elon Musk. [66], At his death, he left a fortune of $12,400,000 (equivalent to $370,000,000 today). Enter a grandparent's name. All charts include source citations for ancestors in the charts. [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. Inscription: Signed in pen and black ink, at lower right, "Junius March 10 / 1902". 1892-1960. 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. junius spencer morgan 30 Nov. junius spencer morgan. They married in May 1865 and had four children, with son John Pierpont "Jack" Morgan Jr. going on to take over his father's business many years later. 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. A man always has two reasons for doing anything: a good reason and the real reason. Along with amassing immense wealth through the creation of such corporations as U.S. Steel, Morgan led efforts to bail out the U.S. Treasury in 1895 and 1907. junius spencer morgan great grandchildren 05 Jun. Please try again. Morgan & Co., House of Morgan) Born: 1813 Died: 1890 d. after carriage accident Gen. Pierpont Hamilton's Great-Grandfather. 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. On November 8, a dinner was hosted in his honor at Delmonico's, with Samuel Tilden, John Jacob Astor, and Theodore Roosevelt Sr. among the guests. Death 8 Apr 1890 - Hartford, Hartford, Connecticut, USA. Nous sommes tous Leave a message for others who see this profile. gnalogique Dowling avec plus d'un demi-million de parents, MORGAN. Under her ownership, the main manor was used as the setting for the remake of movie "Sabrina," a romantic comedy starring Harrison Ford and Julia Ormond. Philanthropist, Industrialist, Businessman, American financier, banker, philanthropist and art collector, Born on April 17, 1837 [64], In February 1842, his father-in-law John Pierpont was suggested as a leading candidate for the Liberty Party nomination for Governor of Massachusetts. A protracted legal battle was settled when the Supreme Court ruled in favor of the government in 1904. Morgan, American family of financiers and philanthropists. [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. 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. After all-night negotiations went nowhere, Morgan ended the stalemate by drawing up a bailout contract and ordering the exhausted presidents to sign. At Princeton University, she came to the attention of Junius Spencer Morgan II, a student at Princeton University and a nephew of John Pierpont Morgan. J. P. Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (18131890) and Juliet Pierpont (18161884) of Boston, Massachusetts. 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. We are all related! He then acquired control of many leading financial and insurance companies. Best Known For: 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. 3I. 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. The firm gave Morgan access to global markets, exporting and financing cotton and other goods shipped from Boston harbor. [42], In 1877, Morgan began a semiretirement, cutting back on his schedule and ceding greater authority to his son. I hire a lawyer to tell me how I can do what I want to do! 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. . Devastated, the young businessman returned to New York and plunged himself into his work. The firm soon became a major player in the steel industry by financing the formation of Federal Steel in 1898. He married Emma Louise Converse on 16 June 1915, in Saint Pauls Episcopal Church, Millis, Norfolk, Massachusetts, United States. 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. 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 The Morgan Mansion was built in 1897 by Junius Spencer Morgan and Josephine Perry Morgan. Samuel Spencer (1670 - 1756), my sixth great grandfather, and Morgan's third great grandfather. [31], Morgan became the active head of the firm in February 1859, with Peabody remaining the nominal senior partner. "Go as far as you can see; when you get there, you'll be able to see farther. Cloudy and con- tii.upd cool Warren Temp.. Hig-h iO: Low 35. He founded J. S. Morgan & Co. He reorganized several major railroads and financed industrial consolidations that formed the United States Steel, International Harvester, and General Electric corporations. Peabody, who was in poor health,[16] offered Morgan to join his banking house as a junior partner, to be made the senior partner upon Peabody's retirement in ten years. 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. [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. The largest online newspaper archive; 22,800+ newspapers from the 1700s-2000s; Millions of additional pages added every month [14][15] He was soon among the nation's financial elite. Sarah Spencer Morgan Morgan 1839 - 1896. [35], Still, Morgan was ambitious to place his bank on par with the Rothschilds and Barings Bank. He headed a group of bankers who took in large government deposits and decided how the money was to be used for purposes of financial relief, thereby preserving the solvency of many major banks and corporations. Junius Spencer Morgan (1867-1932), Class of 1888, and A.M. 1896, was a nephew of the celebrated John Pierpont Morgan, the great financier. I don't want a lawyer who tells me what I can't do.