Word: junius
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...individualistic and it was shamelessly corrupt when the first J. Pierpont Morgan came to Manhattan in 1857 from the London banking house of his father, Junius Spencer Morgan, onetime New England drygoods merchant. Through the "Western Blizzard" panic of that year and for two years more, young, brusque, tough-fibered Morgan listened & learned as a Wall Street junior clerk. By 1860 he was in business as New York agent for his father's George Peabody & Co., bought and sold foreign exchange through the Civil War. Also, he helped finance the sale to the Union Army of 5,000 carbines...
...England at $130 (the market), forced from Vanderbilt a seat on the directorate to guard his clients' interests, took a profit of $3,000,000 besides. Through the financial marts of the world he became known as a man whose word, like that of his father Junius, could be trusted. In bargaining he was cold, sharp and merciless but when the deal was made no signature was needed...
...freedom the twilight began to fall with the New Deal. The Banking Act divorced deposit banking from underwriting; three Morgan partners, including bland Henry S. Morgan (J. P.'s younger son), accordingly split off to form a new partnership, Morgan Stanley & Co. J. P.'s elder son, Junius Spencer, stayed on as a Morgan partner. The foreign loan busi ness was dead; its epitaph the Johnson Act which forbids U. S. sale of securities of governments defaulting to the U. S. Government. Meanwhile Morgan partners were retiring, dying; from the partnership their heirs drew millions for inheritance...
...Abolitionist parishioners. In his school days "Pip" was a fun-loving, feverish, arrogant character with a temper and a direct, wide-open gaze. He and Joe Wheeler, later a Confederate cavalry leader, risked their necks and expulsion to carve their initials on the school belfry. While Father Junius Morgan was becoming a rich merchant banker in Boston and London, Pierpont went to school at Vevey, Switzerland ("makes fun of things," noted the schoolmaster); later to the University of Gottingen, where he proved himself a born mathematician, fond of fine clothing and the fair sex. "No one ever enjoyed shopping more...
...tying for first place in the first annual Heptagonal meet, the Crimson gained half of a leg on the Junius T. Auerbach Memorial Trophy. Yale with 76 points, Princeton with 87, Dartmouth with 94, and Penn with 134 trailed in that order, as Columbia failed to finish a team...