Junius S Morgan & John Pierpoint Morgan - Prince's Gate, London, UK
Posted by: Groundspeak Premium Member Master Mariner
N 51° 30.101 W 000° 10.324
30U E 696269 N 5709408
Quick Description: The building that carries this English Heritage blue plaque is opposite the Prince of Wales Gate entrance to Hyde Park.
Location: London, United Kingdom
Date Posted: 8/13/2013 11:26:55 AM
Waymark Code: WMHTMP
Published By: Groundspeak Regular Member Ddraig Ddu
Views: 0

Long Description:

The blue plaque, that is to the left of the doorway, reads:

English Heritage

Junius S
John Pierpoint
International Bankers
lived here

Wikipedia tells us about Junius S Morgan:

Junius Spencer Morgan I (April 14, 1813 – April 8, 1890) was an American banker and financier and the father of J. P. Morgan. He founded J.S. Morgan & Co.

Morgan was born on April 14, 1813 in Holyoke, Massachusetts. 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. Miles Morgan, ancestor to the Morgan family in America, emigrated from Bristol, England to Boston in 1636.

Morgan began his business career in 1829 by entering the employ of Alfred Welles of Boston. He had inherited wealth from his father, Joseph Morgan, and showed great business ability. He was soon invited to become a partner in the house of J. M. Beebe & Co., one of the largest retail stores in Boston and one of the largest dry goods importing and jobbing houses in the country. He was in the dry goods business from about 1836 to 1853.

After some years, he met George Peabody, the well-known London banker. Shortly after the meeting, in 1854, Morgan entered Peabody's prosperous firm, George Peabody & Co. as a partner. Ten years later, in 1864, Morgan succeeded Peabody as head of the firm and changed its name to J. S. Morgan & Co. During the American Civil War the firm was appointed the financial representatives in England of the United States government.

In 1836, Morgan married Juliet Pierpont (1816–1884). He contributed money to his church and to Trinity College, Hartford.

He died on April 8, 1890, from injuries sustained in a carriage accident. At his death, he left a fortune estimated at about $10,000,000 (equivalent to $255,518,519 today). He was succeeded by his son, J. P. Morgan.

Wikipedia also tells us about John Pierpoint Morgan:

John Pierpont "J. P." Morgan (April 17, 1837 – March 31, 1913) was an American financier, banker, philanthropist and art collector who dominated corporate finance and industrial consolidation during his time. In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric. After financing the creation of the Federal Steel Company, he merged in 1901 with the Carnegie Steel Company and several other steel and iron businesses, including Consolidated Steel and Wire Company owned by William Edenborn, to form the United States Steel Corporation.

Morgan died in Rome, Italy, in his sleep in 1913 at the age of 75, leaving his fortune and business to his son, John Pierpont "Jack" Morgan, Jr., and bequeathing his mansion and large book collections to The Morgan Library & Museum in New York.

At the height of Morgan's career during the early 1900s, he and his partners had financial investments in many large corporations and were accused by critics of controlling the nation's high finance. He directed the banking coalition that stopped the Panic of 1907. He was the leading financier of the Progressive Era, and his dedication to efficiency and modernization helped transform American business.

Blue Plaque managing agency: English Heritage

Individual Recognized: Junian S & John Pierpoint Morgan

Physical Address:
14 Prince's Gate
London, United Kingdom

Web Address: [Web Link]

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