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J Pierpont Morgan

April: Three generations of bankers

John Pierpont Morgan was born into a banking family. His father, Junius Spencer Morgan, was a partner at the London-based firm of George Peabody & Co. In 1864, Junius succeeded George Peabody and changed the firm’s name to J.S. Morgan & Co.  More »

Month Title
J.P. Morgan stock certificate January J.P. Morgan & Company

Following the death of his father, Junius Morgan, and his business partner, A.J. Drexel, J. Pierpont Morgan reorganized the firm’s banking houses in the U.S., London and Paris. The New York firm was renamed J.P. Morgan & Co.

gold certificate February Morgan helps end the Panic of 1893

In an effort to shore up the U.S. gold reserves, J.P. Morgan & Co. formed a syndicate in 1895 to sell $65 million in gold bonds for the U.S. Treasury.

J.P. Morgan March The life and times of J. Pierpont Morgan

John Pierpont Morgan was a philanthropist and art collector as well as one of the country’s seminal financiers. His influence is still felt today, nearly a century after his death on March 31, 1913.

J Pierpont Morgan April Three generations of bankers

John Pierpont Morgan was born into a banking family. His father, Junius Spencer Morgan, was a partner at the London-based firm of George Peabody & Co. In 1864, Junius succeeded George Peabody and changed the firm’s name to J.S. Morgan & Co.

Panama Canal May Financing the Panama Canal

J.P. Morgan & Co. was selected by the U.S. Treasury Secretary to arrange the transfer of $40 million from the U.S. government to the Compagnie Nouvelle du Canal de Panamá (New Panama Canal Company) for its assets, including the right to build a canal.

Charles Lindbergh June Pioneering aviation

J.P. Morgan & Co.'s partners helped finance Charles Lindbergh’s historic flight in 1927. Lindbergh carried with him a check drawn on the Equitable Trust Co. of New York, a JPMorgan Chase predecessor firm.

China from Corsair July The Corsair Compact

In July 1885, aboard his yacht, Corsair, J. Pierpont Morgan negotiated an agreement between two major East Coast railroad competitors, New York Central and Pennsylvania Railroad. The outcome was called the “Corsair Compact.”

Transatlantic Cable August First transatlantic cable connects the United States to England

In August 1858, England’s Queen Victoria sent the first transatlantic telegram to U.S. President James Buchanan. George Peabody and partner Junius Morgan, J. Pierpont Morgan’s father, were prominent investors in the cable project.

water pipes September Aaron Burr opens earliest predecessor firm

In September 1799, the Manhattan Company opened its doors at 40 Wall Street. The Bank of The Manhattan Company was the second commercial bank established in New York City.

Panic of 1907 October Easing the financial panic

During the financial panic of 1907, J. Pierpont Morgan saved from insolvency several trust companies and a leading brokerage house, bailed out New York City, and rescued the New York Stock Exchange.

railroad November Financing railroads

In November 1879, private banking firm Drexel, Morgan & Co. successfully sold a block of William Vanderbilt's New York Central Railroad stock when he decided to liquidate his inheritance from his father, Cornelius Vanderbilt.

90 Years in China December Going global

Following World War II, the firm became the first foreign bank to set up business again in Germany, and also one of the first to do so in Japan, thus expanding the firm’s international footprint and helping to build global linkages.

 
 

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