The New International Encyclopædia/Morgan, Junius Spenser

MORGAN, (1813-90). An American financier, born at Holyoke, Mass.; father of John Pierpont Morgan. After some years in the dry-goods business he became, in 1854, a partner in the English firm of George Peabody & Co. Ten years later he succeeded Peabody as head of the firm, and changed its name to J. S. Morgan & Co. Under his direction it became one of the leading banking houses of the world. Morgan left a fortune of nearly $10,000,000. He was a munificent church member, and donated largely to Trinity College.