Junius Spencer Morgan
American banker and financier (1813–1890) / From Wikipedia, the free encyclopedia
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For other uses, see Junius Spencer Morgan (disambiguation).
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.
Quick Facts Born, Died ...
Junius Spencer Morgan | |
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Born | (1813-04-14)April 14, 1813 Holyoke, Massachusetts, U.S. |
Died | April 8, 1890(1890-04-08) (aged 76) Monte Carlo, Monaco |
Resting place | Cedar Hill Cemetery, Hartford, Connecticut |
Occupation(s) | Financier, banker |
Known for | founding J.S. Morgan & Co. (i.e. predecessor firm of J.P. Morgan & Co. and Morgan Grenfell) |
Spouse |
Juliet Pierpont
(m. 1836; died 1884) |
Children | John Pierpont Sarah Spencer Mary Lyman Junius Spencer Jr. Juliet Pierpont |
Parent | Joseph Morgan |
Relatives | Morgan family |
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In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. With his son's aid, Morgan grew his banking house into a trans-Atlantic financial empire that included firms in London, New York City, Philadelphia, and Paris. 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.