Morgan John Pierpont
Born in Hartford, Connecticut. His
ancestors arrived in America long before the war of independence. On
the maternal line religious intellectuals prevailed: priests,
writers, poets. One
of the Pierponts was the founder of Yale University. In
the father's clan there were many successful administrators and
grandfather owned an insurance company, and his father, Junius
Spencer Morgan, was already a millionaire by the time his son was
born, thanks to trade and financial operations conducted not only in
America but also in Europe.
Being a bright and cheerful boy, Morgan easily mastered school
the family moved to England, where the head of the family became the
companion of a major London banker George
continued his education at a Swiss private school, and then entered
the famous University of Göttingen in Germany, where he studied in
depth mathematics and chemistry. Despite
advances in the natural sciences, he declined the offer to take a
position at the department, because he was confident that his future
was related to commerce.
From 1857 to 1861 Morgan served in the bank "Duncan, Sherman and
Kº" in New York. After
working in various firms in 1871, Morgan became a partner in the
company Drexler, Morgan and Kº. After
the death of a partner in 1893, the company was transformed into a
banking house “J. P.
Morgan and K º”. In
conjunction with its dependent banks in Philadelphia, Paris and
London, the house at that time was the largest financial company in
Bank Morgana controlled the construction of railways,
participated in the creation of the largest steelmaking company Y. Es. Steel
Corporation, an electrical engineering company General Electric,
financed passenger traffic in the Atlantic. Morgan
had the unique ability to quickly and accurately assess the
potential of his potential partner and his business proposals. After
reading the new project, he almost never entered into a discussion,
but made a final decision, for which he even received the nickname
“yes-or-no Morgan”. In
his office hung a sign with the dictum: "Think a lot, say little, do
not write anything". “To
think a lot” Morgan preferred for solitaire and a cigar - his
favorite Pedro Murias J.P.M. was made in Havana especially for him.
Morgan is known as a collector of paintings, books and other
works of art, many of which were donated to the Metropolitan Museum
in New York, whose sponsor and president was personally. After
his death, the son of Morgan in 1924 opened the “Pierpont Morgan”
Library in New York and appointed as the first director of his
personal librarian Father Bell da Costa Green.
Morgan is also known as the largest philanthropist: in addition
to the Metropolitan Museum, he donated huge amounts to the American
Museum of Natural History, the Groton School in Massachusetts,
Harvard University, especially its Medical School, labor schools,
and the U.
1901 he allocated the money to Nikola Tesla for the construction of
a tower for radio communications across the Atlantic.
According to some data he died in Rome, on the
other - during an ocean cruise en route to Egypt. He
was buried in Cedar
Hill Cemetery in
the coast of the island Wilczek Land archipelago
Franz Josef Land . Named
in 1899 by the American expedition of U.Welman.