The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-07-04
LIFE HISTORY OF HEAD
OF GREAT MORGAN FIRM
Prepared by Years Of Service to Assume the Large Finan-
cial Responsibilities Left to Him by the
Death of His Father in 1913.

John Pierpont Morgan became the
head Of the banking house Of J. p. Nor
gan 4 Co. on March 81. 1919. the day
lts father died at the Grand Hotel in
Rome. He had prepared himself by
years OF service TO assune the responsi-
blltties of the place and the transfer Of
the leadership IN tho firm from father to
son was accepted as a matter Of course
In the financial world.
Mr.. Morgan WAS born In New York
city In 1857. bcing now In his forty
ninth year. He was graduated from
Harvard in 1889 and went TO wor i'm
med!ately In his fathers banking house.
He was promoted through various clerk
ships unul he became a partner in 1895.
lie was sent to London In 1901. where
he was associated with J. 3. Morgan Il
Co. and Morgan. Grtnfell & Co. until
1905. For a time he was the directing
head OF the London house. On his re-
turn to New York he at once began to
take a large part in American and in
ternAtional financial affairs and relieved
his father OF many responsibilities. In
addition to being at the head of the
great banking house here ho is the
principal partner In Morgan, Grenfcll n
Co. OF London and Morgan, Harjes a
Co. OF Paris.
Jack TO His Friends.
In the days OF his younger manhoon
Mr.. Morgan was known to his friends In
the financial district as Jack Morgan
and he IL still Jack to many. He has
always been Of a quiet and serious turn
OF mind He was fond OF athletic sports
as a boy and OF recent years his prin-
cipal recreation has been .ound IN
yachting. Physically he IL a big man
weighing almost ESQ pounds. and his
splendid health is due. II is said. to the
care he has always taken of himself.
In appearance he In much like his
father and his tastes are similar &c
those OF the elder Morgan In a large
degree. He has always tried to avoid
| publicity. except that which comes
naturally to n man OF big affairs,
Mr.. Morgan was married in 1890. al
the age of 23. to Miss Jane Norton
Grew. The couple have four children
Junius Spencer. Jane Norton. France:
Junius Spencer Morgan was married
last month at Cambridge Mass. to Mis-.
Ruth Converse. The J. +. Morgan
New York home Ia at 23l Madison ave
nue..
The fnancier. as his wife. In fond OF
home life and the pleasures and In
terests Of their children. Nothing de.
lights him more. according TO hi
friends, than 10 take part in tn
studies and games OF his youngeI
children.
Mr.. Morgan came into the bulk o
his fathers fortune by the terms OF
will b%equeathin9 him $4,000 900 outrigh
and the residue OF the estate after provi
sion was made for twenty or more spe
c,nc requests Of cast n trust funds
II was estimated at h time that hi
share aggregated more h $4,000 200
He had become the directing force II
many big transactions long before hi,
father died. One Of the first that at
tracted public attention to him was tn
paymen by the United States Govern
ment OF $40. 600. 900 to France on &C
count OF the Panama Canal purchase
The Morgan house transmitted the golf
and the big sum was transferred II
such a way by Mr.. Morgan that It didn'
cause a fiutter In the money market.
He played q very important part II
the conferences OF ~fnanciers during tn
pahicky days Of 1907 and then gaine'
a solid reputation for level headednes
among the men in the financial worl'
who did so much to bring light out o
the dark.
Since tho European conflict starte