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This is an old revision of this page, as edited by 124.171.167.34 (talk) at 12:18, 30 November 2007 (→Tesla). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

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Drexel, Morgan & Co.

In 1895 the firm became J. P. Morgan & Co.

Does that mean that Drexel, Morgan & Co. became J. P. Morgan & Co?--Jerryseinfeld 21:56, 2 Jan 2005 (UTC)

New York

J. S. Morgan & Co., of which he became head; in 1864–1871 he was a member of the firm of Dabney, Morgan & Co

So J. S. Morgan & Co. was in London and Dabney, Morgan & Co was his first job in New York?--Jerryseinfeld 21:59, 2 Jan 2005 (UTC)

Morgan's skin disease

The disease affecting Morgan's nose is cited to be rosacea, however, Jean Strouse's book Morgan: American Financier (1999, Random House, NY) says the disease is rhinophyma. Is there a difference?

Rhinophyma is a late stage of rosacea. [1] - Nunh-huh 01:03, 15 May 2006 (UTC)[reply]
He must have been really self-conscious about his disease to attack photographers because his rosacea and skin problems were virtually undetectable in the quality of photos in his day.--Exander 07:05, 5 June 2006 (UTC)[reply]
Maybe he foresaw Ted Turner's penchant for colorization? ;-) --Bobak 17:35, 23 August 2006 (UTC)[reply]

No amount of rosacea causes the disfiguration shown in the photo. (Although photo manipulation can do that.) 65.23.190.125 08:41, 3 September 2006 (UTC)[reply]

Billion Dollar Corporation

...and was the world's first billion-dollar corporation

Reference? And how is this measured? Is it trying to imply that in the thousands of years of recorded history, no organization/corporation ever amounted to the equivalent of the billion dollars (in their years)?

Unless I see an explanation, I vote to remove/edit this statement. Beetle B. 00:58, 15 May 2006 (UTC)[reply]

It means what it says: it was the first company valued at over a billion dollars. - Nunh-huh 01:05, 15 May 2006 (UTC)[reply]
And in contemporary dollars at that, not adjusted for inflation.— Preceding unsigned comment added by 167.181.12.201 (talk • contribs) 14:14, 31 May 2006 (UTC)[reply]

Frances Tracy Marriage?

The article is missing the last two digits of the year of his marriage date with Frances Tracy. Anyone know them?198.24.31.108 16:02, 7 September 2006 (UTC)[reply]


J.P MorganChase picture

Isn't the picture there basically an ad? I don't see how it is related to the information either (there isn't anything about j.p. morgan chase in that section). (Toritaiyo 20:21, 5 October 2006 (UTC))[reply]

Tesla

I think that the section about J. Pierpont Morgan's financial patronage was very POV in favor of Morgan and against Tesla and needs to be rewritten to reflect a more NPOV. FDR MyTalk 4:31:32 8 October 2006 (UTC)

This section lacks sources and I have been unable to find any. My own research on Tesla's Wardenclyffe project leads me to believe the "Where can I put the meter?" quote by J.P. Morgan is part of an urban myth. I'm advising revision or removal of this section unless sources are found. 124.171.167.34 (talk) 12:17, 30 November 2007 (UTC)[reply]

Rise to power

Some time in the future when more information is added, it will need to be spun off into different sub-headings (perhaps even now). I added about the A&S affair this morning and the "Early Career" section is looking a little bloated. - Ollieollieollie 13:34, 7 January 2007 (UTC)[reply]

Controversy

This article needs a controversy section. J.P. is one of the earliest examples of industrial power, and many people suffered because of it. In particular through his rail roads. This should be included in the article. If we are willing to call him a "philanthropist", then we should definetly balance this positive with some negative.216.241.228.209 19:27, 18 January 2007 (UTC)[reply]


The "scandal" of Morgan's selling back to the Union army defective guns is incomplete and misleading. The "remachined" guns failed nearly 100% of the time, injuring and even killing soldiers. The army threatened prosecution. Morgan's reply was that the army knew the guns were defective (not antiquated as the article suggests) because the army sold them in that condition. That section of the article should be flagged as biased as it purports to separate Morgan from this early scandal. —Preceding unsigned comment added by 209.57.6.254 (talk) 17:05, 17 September 2007 (UTC)[reply]

Morganite

I added a quick ref to Morgan being the namesake for the gemstone Morganite, in the legacy section. He was an avid collector of gemstones hence the honary. Other editors may want to fit this into a better section of the article, and expand somewhat from the reference. Cheers.SauliH 02:17, 23 January 2007 (UTC)[reply]

Roman numeral?

What's with the "I" after his name in the first sentence? Clarityfiend 06:58, 29 January 2007 (UTC)[reply]

Someone probably thought his son was called John as well. I'll correct it, unless I'm wrong Ollieollieollie 17:41, 30 January 2007 (UTC)[reply]
Just seen his son was legally called "John" but used "Jack", evidently to distinguish himself from his father. Ollieollieollie 17:43, 30 January 2007 (UTC)[reply]

Holy Mother!!

Is that $22b adjusted for inflation? If it isn't, he'd be worth almost half a trillion dollars today!!! That's $500,000,000,000. —The preceding unsigned comment was added by 210.50.98.34 (talk) 08:47, 31 January 2007 (UTC).[reply]

No, that's not adjusted for inflation. Morgan was one of the richest people in the world during the height of his career. — Wackymacs 13:54, 31 January 2007 (UTC)[reply]

So, basically, he's 10 times as rich as Bill Gates?

Not unless he figured out a way to take it with him. Wahkeenah 09:21, 12 February 2007 (UTC)[reply]
However, those kind of extraordinary numbers help explain why he was in a position to literally bale out the U.S. Government at one point. And anyone possessing half a trillion dollars today would be in a similar spot, except they would probably have moved offshore, put their money in a secret account, and told the government, "You're on your own." Wahkeenah 09:24, 12 February 2007 (UTC)[reply]
Yet for all his wealth, he couldn't get his nose disease cured. God's little way of literally tweaking him. Wahkeenah 09:25, 12 February 2007 (UTC)[reply]
It wasn't that he couldn't get it cured, it's that he didn't want to. He believed that his body was in a fine balance (derived in part from his recurrent childhood illnesses) and that if the disease affecting his nose was cured, something else would take its place. Ollieollieollie 15:58, 12 February 2007 (UTC)[reply]
Right. Wahkeenah 16:31, 12 February 2007 (UTC)[reply]

Hoaxes

Two hoaxes have crept into the article and I removed them. The first is that Morgan sold defective rifles in the Civil War. (He sold no rifles whatever). See Business History Review, Vol. 47, No. 1 (Spring, 1973), pp. 109-111 at [2] for full expose of how left-wing writers invented the story. The second is "At the height of Morgan's career during the early 1900s, his interests held 341 directorships and he controlled over 100 corporations worth more than $22 billion in assets." That is from the Pujo Committee report and it covers ALL partners in several major New York banks, including Morgan's major rivals. See Brandeis book at [3] Rjensen 14:19, 3 February 2007 (UTC)[reply]

Don't forget the part about selling diseased blankets. Wahkeenah 17:20, 3 February 2007 (UTC)[reply]
Jean Strouse would disagree about the rifles; pp93-95 of her book give a detailed account of the transaction.Ollieollieollie 17:52, 3 February 2007 (UTC)[reply]
It should be noted there are different accounts of the rifle story, and that it is unsure whether it happened or not. — Wackymacs 18:42, 3 February 2007 (UTC)[reply]
J.P. wouldn't have done something unethical. His motives were always pure. Wahkeenah 19:35, 3 February 2007 (UTC)[reply]
Um, says who? Would be nice to have references for that. — Wackymacs 09:05, 12 February 2007 (UTC)[reply]
References for J.P. being ethical? That would take some digging. Wahkeenah 09:21, 12 February 2007 (UTC)[reply]
Without references, its POV. — Wackymacs 08:54, 18 February 2007 (UTC)[reply]


Usher Quote ?

Some idiot put a line about Usher in the "Early Years" section; I have removed it. Jmccallum1401 19:36, 26 March 2007 (UTC)[reply]

Shot by German professor at Cornell University?

Which J. P. Morgan was shot by a German professor from Cornell University during World War I? I believe it was the son, because my sources say it happened in July 1915, when the elder Morgan was already dead. I don't see any mention of this in either article and I'm wondering if my book ("Don't Know Much About History" by Kenneth C. Davis) was wrong. If anyone can second this information I'd be glad to update the appropriate page.--M. Frederick 15:30, 28 May 2007 (UTC)[reply]

GA Review

GA review (see here for criteria)
  1. It is reasonably well written.
    a (prose): b (MoS):
  2. It is factually accurate and verifiable.
    a (references): b (citations to reliable sources): c (OR):
  3. It is broad in its coverage.
    a (major aspects): b (focused):
  4. It follows the neutral point of view policy.
    a (fair representation): b (all significant views):
  5. It is stable.
  6. It contains images, where possible, to illustrate the topic.
    a (tagged and captioned): b (lack of images does not in itself exclude GA): c (non-free images have fair use rationales):
  7. Overall:
    a Pass/Fail:


This article has good writing and has neutral point of view. I'll pass it. Bernstein2291 19:12, 23 June 2007 (UTC)[reply]

Architect of Federal Reserve

I wonder if anyone might be interested in starting a section about Morgan's influence in the creation of the Federal Reserve system. As of late it seems to be a resurgent criticism of the man, at least on the web.

Titanic Boarding

While it is true the Titanic had one stop in France, it was at Cherbourg, not Le Harve as stated in the article.

TJBugg '07 18:00, 30 August 2007 (UTC)[reply]

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