Overview
John Pierpont Morgan Jr. (September 7, 1867 – March 13, 1943) was an American banker, finance executive, and philanthropist.[1] He inherited the family fortune and took over the business interests including J.P. Morgan & Co. after his father J. P. Morgan died in 1913. After graduating from St. Paul's School and Harvard College, Morgan trained as a finance executive working for his father and grandfather. He became a banking financier, a lending leader, and a director of several companies. He supported New York's Society for the Lying-In Hospital, the Red Cross, the Episcopal Church, and endowed the creation of a rare book and manuscript collection at the Morgan Library.
Notable
Early Life
John Pierpont Morgan Jr, nicknamed Jack, was born on September 7, 1867, in Irvington, New York, to J. P. Morgan and Frances Louisa Tracy. He graduated from St. Paul's School, and later in 1886 from Harvard College, where he was a member of the Delphic Club, formerly known as the Delta Phi.
Post WW1
After World War I and the Versailles Treaty, Morgan Guaranty managed Germany's reparation payments.
He was a director in numerous corporations, including the U.S. Steel Corp., the Pullman Co., the Aetna Insurance Co., and the Northern Pacific Railway Co.[10]
He died of a stroke on March 13, 1943, in Boca Grande, Florida,[19] and was interred in Cedar Hill Cemetery in Hartford, Connecticut.[20]
In 1930, he built the turbo electric driven yacht Corsair IV at Bath Iron Works in Maine. Corsair IV, launched April 10, 1930, was one of the most opulent yachts of its day and the largest built in the United States with an overall length of 343 feet (104.5 m), 42 feet (12.8 m) beam and 2,142 GRT.[26][27]
In 1890, Morgan married Jane Norton Grew (1868–1925), daughter of Boston banker and mill owner Henry Sturgis Grew. She was the aunt of Henry Grew Crosby. The couple raised four children:
Junius Spencer Morgan III (1892–1960), who married Louise Converse (1895–1974), daughter of Frederick Shepherd Converse, in 1915.[21]
Jane Norton Morgan Nichols (1893–1981), who married George Nichols (1878–1950).[22]
Frances Tracy Pennoyer (1897–1989),[23] who married Paul Geddes Pennoyer (1890–1970), a lawyer, in 1917.[24]
Henry Sturgis Morgan (1900–1982), a founding partner of Morgan Stanley who married Catherine Lovering Adams (1902–1988), daughter of Charles Francis Adams III, descendants of the 2nd U.S. President, John Adams.