MORGAN, JOHN PIERPONT, an American capitalist; born in Hartford, Conn., April 17, 1837; was educated at the University of Gottingen, Germany. In 1871 was made a partner of the firm of Drexel, Morgan & Co., afterward J. Pierpont Morgan & Co., and was or ganizer of large railroad and industrial interests. In 1901 he created the largest financial concern known, the United States Steel Corporation, with a stock capital of $1,100,000,000 and a work ing capital of $200,000,000. Mr. Morgan has been a large donor to chari table and educational institutions. His gifts include $500,000 to the New York Trade Schools; $1,350,000 to the New York Lying-In Hospital; a collection of ancient Greek ornaments valued at $150, 000 to the Metropolitan Museum of Art; the finest mineral collection in the United States valued at $200,000 to the Metro politan Museum of Art; $100,000 to the Young Men's Christian Association of New York City; $1,000,000 to Harvard College for the Medical School; etc.
Died in Rome, 1913.
IvIORGAN, JOHN PIERPONT, an American banker, the son of J. P. Mor gan, who died in 1913; born in New York City in 1867, graduated from Har vard University in 1889, and became a member of the firm of J. F. Morgan & Co. He inherited nearly all his father's fortune in 1913, as well as his father's position on many important banking and railroad directorates. In the same year he was elected director of the New York, New Haven and Hartford railroad, but resigned under the fire of criticism di rected against his house and its connec tions with the road. During the World War of 1914-1917 Morgan negotiated large loans in America in the interest of the Allied governments. Mr. Morgan also served as the chief agent for many of the larger enterprises for the relief of Europe, such as the Belgian Relief Fund, etc.