Morgan's entire island of 45 acres, 12-bedroom manor house, five additional residences, an eight-stall stable, paddocks and a groomsman's cottage have recently been put on the market. The Woman Behind the Morgan Library: Belle da Costa Greene J. Pierpont Morgan is arguably the most famous banker in American history, b. aged 75years old. Career He began his business career in 1829 by entering the employ of Alfred Welles of Boston. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. Morgan's astounding success transformed the financial industry and left behind a powerful legacy. contient des milliers de photos et GeneaStars. 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. L'arbre 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. " ; 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. [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. Linked to: Timothy Michael Dowling, 6th cousin 5x removed, {{ mediasCtrl.getTitle(media, true) }} He worked at his father's bank, Peabody, Morgan & Co., and later the firms of Duncan, Sherman & Company and Dabney, Morgan, and Company. Letter from her son, J.P. Morgan, Jr., dated Oct. 1891 describes the family's new yacht, Corsair. Linked to: Timothy Michael Dowling, 7th cousin 4x removed "Go as far as you can see; when you get there, you'll be able to see farther. Father Joseph Morgan (Spencer) II. 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. Adrian Wooldridge characterized Morgan as America's "greatest banker".[1]. Geneastars | Facebook. He began reorganizing railroads in 1885, when he arranged an agreement between two of the largest railroads in the country, the New York Central Railroad and the Pennsylvania Railroad, that minimized a potentially destructive rate war and rail-line competition between them. [70], Last edited on 25 February 2023, at 17:50, Connecticut Mutual Life Insurance Company, "J.S. [4] In 1880, he and his family were living in New York City. 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. WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. Inscription: Signed in pen and black ink, at lower right, "Junius March 10 / 1902". 5 0 obj Sorry! The syndicate bought and quickly resold the bonds in early 1895, stabilizing the shaky economy. 100 1 _ a Morgan, Junius Spencer, d 1892-1960 4xx's: Alternate Name Forms (3) 400 0 _ a Junius Spencer Morgan III c American banker (1892-1960) walmart springfield, mo tire and lube hours . He was interred at the family lot in Cedar Hill Cemetery in Hartford. Morgan & Co., House of Morgan) Born: 1813 Died: 1890 d. after carriage accident Gen. Pierpont Hamilton's Great-Grandfather. 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. junius spencer morgan 30 Nov. junius spencer morgan. "[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. After the death of his wife Juliet in 1884, he withdrew further from business. 1844 d. 1919. 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. Joseph Morgan made a fortune from his holdings. 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. Having ceased to undertake large industrial reorganizations, Morgan thereafter concentrated on amassing control of various banks and insurance companies. The House of Morgan: An American Banking Dynasty and th There is 1 volunteer for this cemetery. 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. He received and A.B. Junius Spencer Morgan III - Alchetron, the free social encyclopedia CONTENT MAY BE COPYRIGHTED BY WIKITREE COMMUNITY MEMBERS. Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. Samuel Spencer (1670 - 1756), my sixth great grandfather, and Morgan's third great grandfather. He took on a prominent role in London society, hosting many social gatherings at his homes on Hyde Park and at Roehampton.[32][33]. Morgan urged Pierpont to withdraw his name from consideration, and he did. His book collection and the building that housed them in New York City became a public reference library in 1924. examples of olympic values Likes. Within a year, the business struggled sufficiently that Joseph Morgan had to bail his son out and dissolve the partnership. junius spencer morgan great grandchildren 05 Jun. Father of John Pierpont Morgan, Sr.; Sarah Spencer Morgan; Mary Lyman Burns; Junius Spencer Morgan and Juliet Morgan Login to find your connection. Junius is one of those names that's growing on us, along with many of its Roman countrymen such as Julius and Atticus. [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. Title Junius Spencer Morgan at St. Paul's School, Concord NH Junius Spencer Morgan was educated at St. Paul's School, Concord, New Hampshire, before attending Princeton. Updates? He was named after his maternal grandfather, and much like his Uncle Pierpont, he was a great collector. Contents Early life Career Personal life References Early life Morgan was born on April 14, 1813 in Holyoke, Massachusetts. We strive for accuracy and fairness.If you see something that doesn't look right,contact us! We are all related! {{ media.date_translated }}, {{ asCtrl.bannerRights.content|translate }}, The Geneanet family trees are powered by Geneweb 7.0. If so, login to add it. [6], In April 1833, Alfred Welles offered Morgan a partnership in his firm; he accepted against his father's wishes. Dowling Though Peabody retired as promised, he denied Morgan the use of his name and capital. %PDF-1.3 Junius Spencer Morgan III (1892-1960) Capt. [24], The railway boom ended in 1857 and prices collapsed, leading to rumors in London that Peabody & Co. was on the verge of failure. In 1836, he married John Pierpont Morgan's mother, Juliet. Junius Spencer Morgan (1867-1932), Class of 1888, and A.M. 1896, was a nephew of the celebrated John Pierpont Morgan, the great financier. A sickly child who suffered seizures and other mysterious ailments, Pierpont, as he was known, spent long periods sheltered at home. PDF Descendants of John Pierpont Morgan - D.A. Sharpe The largest online newspaper archive; 22,800+ newspapers from the 1700s-2000s; Millions of additional pages added every month Junius Spencer Morgan, 1813-90, b. Login to find your connection. With U.S. gold reserves seriously depleted, Morgan formed a syndicate of international investors willing to supply gold in exchange for a favorable rate on 30-year bonds. He reorganized several major railroads and became a powerful railroad magnate. 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. 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. Spouses, children, grandchildren and great-grandchildren. . 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. He received an A.B. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. 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. THE DISAPPEARING DUCHESS - The New York Times J. P. Morgan - Wikipedia ting Vit Pedigree: Junius Spencer MORGAN Deceased persons are not concerned by this provision. A man always has two reasons for doing anything: a good reason and the real reason. In 1902 Morgan brought together several of the leading agricultural-equipment manufacturers to form the International Harvester Company. There is a "921 PPP Without Project Account and without ProjectBox" error that needs corrected. Hartford, Hartford, Connecticut, United States, Contributions to the History of Christ Church, Hartford, Middletown Upper Houses, A History of the North Society of Middletown, Connecticut, from 1650 to 1800, Connecticut, Deaths and Burials Index, 1650-1934, Updated Morgan Genealogy: A History of James Morgan, of New London, Connecticut, and His Descendants, from 1607 to 1997. [47] He had a "dry wit and genial manor and employed iron discipline." All property prices are as stated by the listing agent. In October 1858, Field's cable broke, delaying the project's completion another eight years until 1866. J. P. Morgan shot; thirty-two caliber bullet penetrates groin - UPI Junius Spencer Morgan b. 1813 d. 1890 - Rodovid EN One of the firm's two junior partners was future Governor of New York and U.S. Vice President Levi P. [5] In 1910, at the age of 74, he was living with his wife Frances and daughter Anne in Manhattan. He also financed industrial consolidations that formed General Electric, U.S. Steel, and International Harvester. Shares the stories you may have missed from the world of luxury real estate. Born 14 Apr 1813 in Hartford, Hartford, Connecticut, United States. Husband of Juliet (Pierpont) Morgan married 2 May 1836 in Hartford, Hartford County, Connecticut. When Junius Spencer Morgan III was born on 15 March 1892, in London, England, United Kingdom, his father, John Pierpont "Jack" Morgan Jr., was 24 and his mother, Jane Norton Grew, was 23. The Dowling Family Tree with over half a million relatives, Joseph Morgan (Grandfather of J. Pierpont Morgan) Biography In 1875, at the age of 38, Morgan was living with his wife Frances and children Louisa, John, Juliet, and Anne in Highland, New York. Save Page Now. << /Length 6 0 R /Filter /FlateDecode >> Through a system of interlocking memberships on the boards of companies he had reorganized or influenced, Morgan and his banking house achieved a top-heavy concentration of control over some of the nations leading corporations and financial institutions. The Four Horsemen, from "The Apocalypse" - The Metropolitan Museum of Art [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. Junius Spencer Morgan was an incredibly successful banker and financier, as he founded the bank J.S. The JP Morgan Island Estate! | Top Ten Real Estate Deals [27][28][29], Despite their own financial difficulties in this period, Peabody and Morgan were chief backers of Cyrus West Field's bedeviled transatlantic cable project throughout. [5] He made a fortune with Aetna in 1835, when Aetna covered Wall Street firms destroyed in the Great Fire of New York. In 1836, he married John Pierpont Morgan's mother, Juliet. 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. 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. pentecostal assemblies of the world ordination; how to start a cna school in illinois [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. contains thousands of pictures and GeneaStars. 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 addition to consolidating and controlling several railroads and industries, J.P. Morgan led in resupplying the U.S. Treasurys gold reserve during the depression that followed the panic of 1893 and organized the financial community in averting a financial collapse after the market panic of 1907. Sunrise 7:55. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City. 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. The estate, located near Glen Cove, also has a remarkable history. Banker J. P. Morgan Born - This Month in Business History - Research Originally granted by King George I to a private person in 1721 for 200 pounds, according to Ms. Devendorf, it was purchased in 1919 by Junius Spencer Morgan, whose grandfather J. P. Morgan Sr. founded the eponymous bank and dominated American corporate finance in the late 19th and early 20th centuries. Birth 14 April 1813 - West Springfield, Massachusetts. Their relationship, though separated by an ocean and wildly divergent personalities, was close. Drexel allied his bank with Peabody's through Morgan, forming one of the most powerful and important banking alliances in American history. Read reviews from world's largest community for readers. 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. 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. All Rights Reserved. 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. Junius Spencer Morgan - Wikidata Omissions? Full text of "Cynthiana democrat (The), 2014-10-16" Morgan family | Familypedia | Fandom Junius Spencer Morgan - The Morgan Library & Museum junius spencer morgan great grandchildren ", Delivers the most important property news around the world to your inbox each weekday, COPYRIGHT 2023 MANSION GLOBAL. Junius Spencer Morgan Events. Lucy was the mother of James J. Goodwin and the Rev. The Morgan Memorial served as a prototype for the Pierpont Morgan wing of the Metropolitan Museum of Art. [14], On May 15,[16] 1853, at the recommendation of James Beebe, Morgan visited the American banker George Peabody in London. 1902. They were the parents of at least 2 sons and 1 daughter. arwiki . Posted at 21:44h in bonobos walmart acquisition by mexico city time change. [6], Morgan enjoyed collecting expensive and valuable paintings and gems and was passionate about yacht racing. He founded J. S. Morgan & Co. Some of Peabody's own creditors, including rival Barings Bank, demanded immediate payment on their debts. [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. Miles Morgan]], ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636. Morgan personally lobbied Washington on Field's behalf in 1856 and Peabody & Co. subscribed to 10,000 of Field's original capital stock of 350,000 and later advanced Field funds to complete the project when he struggled to find American investors. 1844 child birth: Mary Lyman Morgan b. To commemorate his passing, the New York Stock Exchange remained closed until noon on the day of his funeral. [13], By February 1851, Morgan sold his stake in Howe & Mather for $600,000 and moved to Boston's Pemberton Square. 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 This page has been accessed 12,698 times. JP Morgan Jr. Net Worth (Entrepreneur) 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. Primary source of wealth: J. P. Morgan & Co.. . Morgan Family. 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. 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. S. Morgan began collecting as a student, and was early attracted to Virgil probably through the influence of Dean West. Morgan & Co. Morgan sought to prop up the price by purchasing as many bonds as he could. Satterlee, Louisa Morgan 1866-1946 [WorldCat Identities] Junius Spencer MORGAN 1813-1890 - Ancestry In October 1861, Morgan married Amelia Sturges in Manhattan, New York. He suffered a broken wrist and concussion and was unconscious for five days until his death on April 8, 1890. He was a devout Episcopalian. "John Pierpont Morgan was an American financier, banker, philanthropist, and art collector . He started his own private banking company and bought railroads, becoming one of the world's largest steel distributors. He died on Monday, March 31, 1913 in Rome, Italy while attending a yacht racing event. Junius Spencer Morgan (April 14, 1813 April 8, 1890) was an American banker and financier, born at West Springfield (now Holyoke), Massachusetts, USA. Today it is the Morgan Library & Museum . Find Junius Spencer Morgan stock photos and editorial news pictures from Getty Images. v.).--His son, John Pierpont, banker, born in Hartford, Connecticut, 17 April, 1837, was educated at the English high-school in Boston, and then studied at the University of Gottingen, Germany. He contributed money to Trinity College, Hartford. J.P. Morgan (1837-1913) - Find a Grave Memorial J. P. Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. [31], Morgan became the active head of the firm in February 1859, with Peabody remaining the nominal senior partner. If not, see our friends at Ancestry DNA. 3I. Junius Spencer Morgans manor, named Salutation, is one of the few remaining estates still privately owned. Through his mother, he was a first cousin to Henry Grew Crosby (1898-1929). 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. In 1915, he married Louise, daughter of the celebrated composer Frederick S. Converse and a great-granddaughter of the "Ice King" Frederic Tudor. After college, Junius Morgan worked as a New York banker, retiring from the field as a partner in the firm of Cuyler, Morgan & Co. in 1906. Morgan | Infoplease lis! 100 J P Morgan Quotes (John Pierpont Morgan Quotes) 1 2 3. [3] He worked for his father until he was able to take over the family business, leading him to become one of the most influential financiers in the world. junius spencer morgan junius spencer morgan - bobesich.ca Username and password are case sensitive. Beebe, Morgan and Co., became one of the largest dry-goods establishments in the United States. 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. 1785-1866 & Mary Sheldon Lord 1787-1855) with. 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. JP Morgan Jr.'s son Henry co-founded the Morgan Stanley financial corporation with Harold Stanley. 1890 death: From grandparents to grandchildren 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. By the early 1900s, Morgan was the main force behind the Trusts, controlling virtually all the basic American industries. WIKITREE PROTECTS MOST SENSITIVE INFORMATION BUT ONLY TO THE EXTENT STATED IN THE TERMS OF SERVICE AND PRIVACY POLICY. [7][6] He remained at the firm until his father's death in 1847. Junius Spencer Morgan I (14 Apr 1813 - 8 Apr 1890) 0 references . He brought in other major . Morgan's Death. He is buried in Cedar Hill Cemetery in Hartford, Connecticut.[8][9]. Collections Online | British Museum 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." . If not, see our friends at Ancestry DNA. 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. Leave a message for others who see this profile. Spencer was on the show to talk about his new Disney+ documentary, Finding Michael, released on Friday. .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. Posted at 16:45h in logan sargeant family by nerf gun obstacle course rental near me. We are all related! Their daughter, Mary Ethel Burns (d. 1961) married, Junius Spencer Morgan Jr (18461850), who died young. [66], At his death, he left a fortune of $12,400,000 (equivalent to $370,000,000 today). He married in 1836 Juliet, daughter of John Pierpont, the poet (q. J. P. Morgan was born in Hartford, Connecticut to Junius Spencer Morgan (1813-1890) and Juliet Pierpont (1816-1884) of Boston, Massachusetts. Nathaniel's son, Joseph Morgan, was the fifth of seven children. 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. GROUP. The . [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. Please refer to the appropriate style manual or other sources if you have any questions. The Morgan Mansion was built in 1897 by Junius Spencer Morgan and Josephine Perry Morgan. discoveries. [17], Morgan's initial task was to strengthen and develop the firm's principal American accounts, using his first-hand knowledge of and connections to American business which Peabody, who had moved to London in 1836, lacked. Aptly-named House Island comes w/ 4 houses, 5 beaches and 12.8 acres. After being recommended, Greene met with Morgan in 1905, and was hired . Junius Spencer Morgan. Upon his father's death, he inherited part of Chicopee Field. In 1903, J.P. Morgan & Co. was appointed fiscal agent for a newly independent Panama, with responsibilities that included overseeing the transfer of $40 million to the New Panama Canal Co. Why J. P. Morgan Jr. Was More Important Than His Father! After the Civil War broke out, Morgan traded Union war bonds at a tremendous profit. 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. Patriarch of the Morgan family of millionaires: Junius Spencer Morgan: Business: 14-Apr-1813: 8-Apr-1890: J. S. Morgan and Company: Do you know something we don't? He was of Hartford, Conn., but later associated with the Banking-house of Peabody & Morgan of London, England, where he resided many years. About: Junius Spencer Morgan - dbpedia.org -- PBS Online, 1999, {{ mediasCtrl.getTitle(media, true) }} 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. L'arbre 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. Junius Spencer Morgan III Wikipedia Republished // WIKI 2 Just do what you can. After finishing his education in 1857, Morgan moved to New York to work as a clerk at Duncan, Sherman & Co., the American branch of his father's firm. 24530600 - Virtual International Authority File 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. Belle da Costa Greene (1883-1950) - BlackPast.org They maintained a twice-weekly correspondence for thirty-one years, which Pierpont burned in 1911.[58]. J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. Wife/Partner: Juliet PIERPONT Children: John Pierpont MORGAN ; Mary Lyman (m. Walter Hayes Burns) The Morgan name is traced to Carmarthen , Wales, and the first known Morgan family ancestral is Hyfaidd ap Bleddri, third son of Bledri of Wales. 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. 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.