John Pierpont "J. P." Morgan was born in Hartford, Connecticut, the first child of Junius Spencer Morgan and Juliet Pierpont of Boston, Massachusetts. Pierpont, as he preferred to be known, was raised in Hartford.
|Junius Spencer Morgan|
|Julia Pierpont Morgan|
They also had three daughters—Sarah, Mary, and Juliet—and Pierpont's only brother, Junius, who lived only to the age of eleven.
|Pierpoint in 1847 with sisters, Sara and Mary|
|University of Gottingen|
|Pierpoint Morgan in 1856|
By the time he started work as an apprentice banker in New York in 1857 at the age of twenty, he was fluent in both languages and familiar with more cultures than most Americans of his day.
He was 24 years old when the Civil War began.
|New York City during the Civil War|
|Morgan in 1862|
During the Civil War, he paid the legally allowed fee of $300 to purchase a substitute soldier and evaded military service.
Not long after he arrived in New York, Pierpont fell in love with Amelia Sturges (called Memie), the daughter of Jonathan Sturges, a well-known merchant and patron of the arts. When Memie and her parents decided to take a grand tour of their own in 1859, Pierpont drew them up an itinerary. He met them in London at the end of their tour, saw Memie every day for the next two weeks, and escorted her family back across the Atlantic.
|Amelia "Memie" Sturges|
In the spring of 1860 she agreed to marry him, but early the following winter she came down with a severe cough that did not go away. Refusing to postpone the wedding, they were married on October 7, 1861, and the couple went to the Mediterranean for a honeymoon cure. In Paris lung specialists diagnosed Memie’s illness as tuberculosis. She wrote to her mother: "I wish you could see his loving devoted care of me, he spares nothing for my comfort & improvement." Despite his care, four months after her wedding, in February 1862, Memie died. Pierpont was twenty-four years old.
|Frances "Fanny" Tracy Morgan|
Pierpont and Fanny had four children:
|Morgan's Children: Jack, Anne, Louisa and Juliet|
|Edith Randolph Whitney, a socialite linked with Morgan|
Morgan was not discreet about his many affairs, but he and Fanny never divorced.
|Maxine Elliott, an acress linked with Morgan|
|Morgan in 1881|
The Panic of 1907 was a financial crisis that almost crippled the American economy. Major New York banks were on the verge of bankruptcy and there was no mechanism to rescue them until Morgan stepped in personally and took charge, resolving the crisis. Treasury Secretary George Corteyou earmarked $35 million of federal money to quell the storm but had no easy way to use it. Morgan took personal charge, meeting with the nation's leading financiers in his New York mansion; he forced them to devise a plan to meet the crisis. Morgan organized a team of bank and trust executives which redirected money between banks, secured further international lines of credit, and bought plummeting stocks of healthy corporations.
|Wall Street during Panic of 1907|
|Morgan and wife, Fanny|
Morgan was physically large with massive shoulders, piercing eyes and a purple nose, because of a chronic skin disease, rosacea. His deformed nose was due to a disease called rhinophyma, which can result from rosacea.
As the deformity worsens, pits, nodules, fissures, lobulations, and pedunculation contort the nose. This condition inspired the crude taunt "Johnny Morgan's nasal organ has a purple hue." Surgeons could have shaved away the rhinophymous growth of sebaceous tissue during Morgan's lifetime, but as a child Morgan suffered from infantile seizures, and Morgan's son-in-law Herbert L. Satterlee has speculated that he did not seek surgery for his nose because he feared the seizures would return. His social and professional self-confidence were too well established to be undermined by this affliction.
He was known to dislike publicity and hated being photographed; as a result of his self-consciousness of his rosacea, all of his professional portraits were retouched.
|Morgan at White Star Pier|
|Morgan (center) with son--law Herbert Saterlee and daughter Louisa Morgan Saterlee, walking to Pujo Hearings in Washington, D.C.|
|Grand Hotel in Rome|
|Hearse outside Morgan Library|
|J.P. Morgan Hearse|
|Funeral at St. George's Church|
|John Pierpont "Jack" Morgan, Jr.|
|Morgan Mansion and Library|
|Interior of Morgan Library|