Junius Spencer MORGAN

                   John, Sr. was a Banker and a major Collector of Books and Art.
Sources include, but are not limited to;
New England Historic Genealogical Society Register, Volume 136 (OCT1982),
Pages 323, Paragraphs 148 and 149.
J.P. Morgan Sr. was a major figure in international finance before WWI. An agent for his father Junius Spencer Morgan in New York, he formed 1871 the banking house of Drexel, Morgan & Co., which 24 years later was renamed J.P. Morgan & Co. After the crash of 1893, Morgan was active in railroads, reorganizing several lines in the Eastern United States. He also marketed U.S. gonvernment securities on a masssive scale. In 1898 he entered the field of industrial consolidation, forming the Federal Steel Company and (1901) the United States Steel Corp. The latter firm included the Carnegie steel interests, which were purchased for $400 million. Morgan had wide-range influence over many of the companies that he financed, an influence that was, however, probably exaggerated in public opinion. A great art collector, he gave many works to the Metropolitan Museum of Art in New York City. His collections of manuscripts and books is housed in the Morgan Library in New York City.
                  

                   Sources include, but are not limited to;
New England Historic Genealogical Society Register, Volume 136 (OCT1982),
Pages 318, Paragraph 95