Henry Sturgis Morgan
Henry Sturgis Morgan (October 24, 1900 - February 7, 1982) was an American banker.
[edit] Biography
He was born on October 24, 1900 in London, England to John Pierpont Morgan, Jr. and Jane Norton Grew. His father was the son of J. P. Morgan; and his mother was the daughter of Boston banker and mill owner Henry Sturgis Grew. Morgan had two sons.[1]
In 1923 he joined J.P. Morgan & Co. and was a partner from 1928 to 1935.[1] He co-founded the company Morgan Stanley in 1935, together with Harold Stanley when the Glass–Steagall Act of 1933 forced the separation on investment banking and commercial banking.[1]
At the death of his father in 1943, he, his sister Evelyn, and Junius Spencer Morgan III inherited the estate.[2]
His son Charles Francis Morgan, Sr. was an advisory director at Morgan Stanley & Company in New York.
Henry Sturgis Morgan owned a vast 448-acre (1.81 km2) estate comprising the northern tip of Eaton's Neck, NY. He sold the estate on December 19, 1979 to Caesar L. Pitassy, as Trustee for an undisclosed party. The estate is still in one piece and owned by the undisclosed party. It is located at #50 Eaton's Neck Road, Eaton's Neck, New York.
He died on February 7, 1982 at Columbia Presbyterian Hospital in Manhattan.[1]
[edit] References
- ^ a b c d "Henry Sturgis Morgan, Banker, 81". Associated Press in the New York Times. February 8, 1982. http://pqasb.pqarchiver.com/boston/access/666197161.html?dids=666197161:666197161&FMT=ABS&FMTS=ABS:FT&type=current&date=Feb+08,+1982&author=Associated+Press&pub=Boston+Globe+(pre-1997+Fulltext)&desc=HENRY+STURGIS+MORGAN,+BANKER,+81&pqatl=google. Retrieved 2010-08-14. "Mr. Morgan died at Columbia Presbyterian Hospital in Manhattan after a short illness, according to Fabianne Gershon of Morgan Stanley. Mr. Morgan, the son of J.P. [J. Pierpont Morgan Jr.], joined the J.P. Morgan & Co. bank in 1923, where he served as partner from 1928 to 1935. After the Banking Act was passed in 1933, requiring commercial and investment banking activities to be separated, Mr. Morgan and others formed Morgan Stanley in 1935 to carry on the securities business formerly handled by J.P. Morgan & Co."
- ^ "Sons Get Bulk of Morgan Estate". New York Times. March 27, 19434. http://select.nytimes.com/gst/abstract.html?res=F40D17F63F5B167B93C5AB1788D85F478485F9. Retrieved 2010-08-14. "The will of J.P. Morgan, bequeathing the bulk of his fortune to his two sons, Junius Spencer Morgan and Henry Sturgis Morgan, was filed for probate here this afternoon in the office of Surrogate Leone D. Howell. ..."
