Saturday, August 12, 2017

Crossitt, Milley - 1860

1860 mortality schedule recorded between 01-Jun-1859 and 31-May-1860.  Items marked with an * are defined at the end.

Name: Milley Crossitt
Age: 41
Sex: Female
Month of Death: February
State of Birth: Virginia
Cause of Death: Disease

~ Carroll County Tennessee 1860 Mortality Schedule

Morgan, John Pierpont "J. P." - 1910

Before transplantation in America, the paternal ancestry of Mr. J. Pierpont Morgan was Welsh, his first American ancestor, Captain Miles Morgan, having been the youngest son in a prominent Glamorganshire family in Wales.  He came Via Bristol to America, arriving in Boston, a young man of twenty years of age, in April, 1636, joining a few weeks later the expedition headed by William Pynchon, which established a settlement at the junction of the Agawam River with the Connecticut River, in Massachusetts.  The settlement was first named Agawam, but was changed to Springfield in 1640.  Captain Morgan, who married Prudence Gilbert, a fellow passenger on the voyage from Bristol, became one of Springfield's foremost citizens and when, during King Philip's War, the settlement was sacked and burned, his blockhouse became the fortress of the place, and he held it against the besieging savages, after the burning of the town, until reinforcements from Hadley scattered the enemy.  A bronze statue in the Court House Square of Springfield commemorates the patriotic service of this bold pioneer.  The family remained prominent in Springfield for two centuries, and Junius Spencer Morgan, father of J. Pierpont Morgan, was born in West Springfield in 1813.  He was a banker in Boston, New York and London, winning international distinction in finance.  In London he was a partner of George Peabody & Company in the banking house which later became J. S. Morgan & Company, of which he was head.  He married Juliet Pierpont, and to them John Pierpont Morgan was born in Hartford, Connecticut, April 17, 1837.

Mr. Morgan's maternal ancestry goes back to the Huguenot family of Pierpont (or Pierrepont), through James Pierpont of London, whose son John came to Massachusetts at an early date and settled in Roxbury, which town he represented in the General Court of Massachusetts in 1672.  He was the father of Rev. James Pierpont, born in Roxbury in 1659, who was graduated from Harvard in 1681, became pastor of the church at New Haven, Connecticut, in 1685, and was one of the three ministers who formulated in 1698 the plan under which Vale was established in 1700.  It was chiefly through his influence that Elihu Yale was induced to make his liberal gifts to the college, and Rev. James Pierpont was one of the original trustees of Vale.  The grandson of this distinguished divine was also a clergyman, Rev. John Pierpont, who had a notable career as a poet, and as an antislavery and temperance reformer; and was Mr. Morgan's grandfather.

Whatever psychological explanation of Mr. Morgan, based on heredity, the scientist may find in these and collateral lines of ancestry, there is no question as to the influence upon him of his father, Junius Spencer Morgan, who, after giving him a thorough education in the English High School in Boston and in the University of Göttingen, set him to practical work when he completed his studies in 1857.  Mr. Morgan began in the banking business for three years with the firm of Duncan, Sherman & Company, in New York City.  At the end of that time, in 1860, he started in business for himself and as American representative of his father's firm of George Peabody & Company, later J. S. Morgan & Company.  This connection enabled him to give the federal government valuable assistance in the marketing of its securities in Europe.  In 1864 he formed the firm of Dabney, Morgan & Company, and in 1871 he joined Anthony J. Drexel of Philadelphia, in the firm of Drexel, Morgan & Company in New York City and Drexel & Company in Philadelphia.  In 1893, when Mr. Drexel died, Mr. Morgan became senior partner, although for years before that he had directed the firm's business in New York City.  On January 1, 1895, the style became J. P. Morgan & Company in New York and Drexel & Company in Philadelphia, as at present.

The services of Mr. Morgan in behalf oi the government's finances have been called into requisition many times since the Civil War, notably in the floating of government bonds in 1876, 1877 and 1878, and in 1895, when his firm floated the $62,000,000 in gold bonds issued by the Cleveland administration to restore the normal treasury surplus of $100,000,000 and thereby save the treasury from a silver basis.  One of the most important commissions executed by his firm for the general government was in connection with the payment to the French Panama Canal Company of the purchase money for the canal. Mr. Morgan has also been the intermediary of foreign governments in obtaining American participation in bond subscription, and secured subscribers for $50,000,000 of the British War Loan in 1901: the largest foreign bond subscription ever made in the United States.

One of the many lines of activity in which Mr. Morgan has operated with distinguished success has been the reorganization of railroads, upon which branch he entered in 1869, when Jay (Gould and James Fisk were contending for mastery in the railroad world, upon methods which often proved extremely disastrous to the properties and securities involved.  One of the roads coveted by rival financiers was the Albany and Susquehanna Railroad, which Mr. Morgan quietly secured and put out of reach of further contention by leasing it to the Delaware and Hudson Canal Company.  A railroad reorganizer who was not a wrecker was something of a rarity in those belligerent days, but Mr. Morgan's work in that line then and since has always been in the direction of rehabilitation or advantageous consolidation, and never destructive.  In 1888 he successfully took hold of the tangled affairs of the Chesapeake and Ohio Railroad and the "Big Four" System, and put them into good shape; and he performed similar good offices in 1891 for the Richmond Terminal, which he consolidated into the Southern Railway System to the great advantage of that section of the country.  In 1895, when the Reading System had collapsed and appeared to be in rigor mortis, because of the over ambitious operations of its president, A. A. McLeod, Mr. Morgan resuscitated it and set it going again.  He also reorganized the Erie System about the same time, and in 1896 took the New York and New England Railroad and leased it for a term of years to the New York, New Haven and Hartford Railroad.  The Northern Pacific Railroad was in a bad way in 1897, but he took hold of it, secured the aid of German capital, brought opposing elements into harmony, and placed it on a solid basis.  The Baltimore and Ohio and several other railroad companies have been added to the list oi those whose reorganization and rehabilitation have been planned and executed by Mr. Morgan, and the same is true with reference to street railway organizations, including the West End System of Boston, and the street railway system of Chicago.  In ocean transportation also his genius for organization has benefited several important Atlantic and Gulf lines.

It is, however, in the field of industrial organization that his most noteworthy business successes have been achieved.  He was concerned in the anthracite and bituminous coal interests, and in several other successful operations of that kind, but it is his creation of the United States Steel Corporation which best attests his soundness of judgment and broadness of vision.  He came into that by first being interested in the organization of the Federal Steel Company, which seemed a gigantic undertaking, and from that was led into the view that a much larger combination of interests was possible and desirable.

It is recognized in the financial world that no other man could have called together the resources necessary to the launching of so great an enterprise.  Its original capital of a billion dollars (now increased to $1,400,000,000), put this corporation so high up in a class by itself that many predicted failure, declaring it could never succeed and that the stock would never reach a respectable figure.  But Mr. Morgan saw, and he made others see, the possibilities of expansion in the steel industry, and the quotations of the Autumn of 1909 show that the market has come to realize how strongly, as well as how broadly, Mr. Morgan planned, when he and his associates launched "U. S. Steel" on the seas of industry and finance.

Mr. Morgan is not only at the head of the house of J. P. Morgan & Company and Drexel & Company, but also of the London banking house of J. S. Morgan & Company, and the Paris house of Morgan, Harjes & Company.  He has large investments in English securities, and his influence in European markets is very great.  In the United States he has often demonstrated his power, in times of panic and financial stress, to stay the tempest and to tide over difficulties.  This is because the world of finance is so well assured of the soundness of his judgment and the quality of his leadership that it looks to him for guidance in such exigencies.  This has been time and again demonstrated, and never more emphatically than in the panic of 1907, when, because he had given his word, the Trust Company of America was saved, although $34,000,000 in cash was paid out over the counters before the run was ended.  The meetings of leading financiers in his library resulted in measures by which the panic was subdued and restoration cautiously but surely commenced.

Great as is the prestige held by Mr. Morgan as a financier, a writer in The Nation a year or so ago stated that the day would come when his fame as a bibliophile would outshine his achievements in the world of finance.  Though this can hardly be, it is yet a fact that in the collection of books, manuscripts, pictures and objets d'art, he has displayed genius and originality, with a boldness of attack and a broadness of vision comparable to those exercised in his great financial operations, and he is certainly, to-day, the foremost collector, as well as the premier financier, of the United States.

He owns many of the best and most valuable pictures, representing not only the old masters, but also works of the great artists of all the best modern schools.  He has an art gallery of his own in London, besides being the possessor of many great paintings in his home and library in New York.  The catholicity of his taste and judgment as a collector has been exercised in numerous and divergent directions, including the purchase and gift to the American Museum of Natural History of the Bement Collection of mineral specimens, and the Tiffany Exhibit of gems and pearls, the Ford Collection of books and manuscripts given by him to the New York Public Library, and numerous paintings, porcelains and other art objects given to the Metropolitan Museum of Art.  Of rare books, manuscripts, paintings, porcelains and art objects he has a priceless collection, including the original manuscripts of many of the masterpieces of English literature, illuminated manuscripts of the Seventh to the Sixteenth Centuries, of which a partial yet wonderful exhibit was made in the Columbia University Library in 1906; and many rare specimens of ecclesiastic vesture and ornament dating from the early mediaeval period.  In this connection, his purchase of the Ascoli Cope, and his generous return of it to the Church in Italy (from which it had been abstracted many years before), when the facts of its history became known, are fully remembered.  His library is housed in a beautiful marble structure adjoining his New York home.  Art in all phases has in Mr. Morgan a generous patron. He is the chief supporter of the Metropolitan Museum of Art, and The New Theatre, opened in November, 1909, owes much to his personal interest and aid.

Mr. Morgan is one of the most active laymen of the Episcopal Church, and has for many years been a vestryman and warden of St. George's Church in New York City, and a strong supporter of the many branches of usefulness and activity of that parish, under the rectorship [sic] of Rev. Dr. Stephen H. Tyng and his successors, and for more than twenty-five years has been a lay delegate to the General Convention Of the Protestant Episcopal Church.

Among the objects benefited by his munificence are the Lying-in Hospital of New York City, to which he has given $1,350,000, covering the purchase of its present site and the erection and completion of its buildings; the Medical College Of Harvard University, to which he has given $1,250,000; also $500,000 each to the Cathedral of St. John the Divine and to the New York Trade Schools; besides substantial donations to the Young Men's Christian Association, the Palisades Park Commission, Bronx Botanical Garden, Hartford Public Library, and many other educational, religious and charitable associations and objects.

Since 1881 Mr. Morgan has been prominent as a yachtsman, in which character he finds his most favored recreation.  In that year he built the Corsair, an iron steam yacht, which was succeeded in 1891 by Corsair II, which was sold to the United States Government at the beginning of the Spanish- American War. and renamed The Gloucester, after which he built his present yacht Corsair III.  Mr. Morgan was commodore of the New York Yacht Club for three years, and in that capacity he built the cup-defender Columbia, which twice defeated Sir Thomas Lipton's yacht Shamrock in the international races for the America's cup in 1899 and 1901.

Mr. Morgan's characteristics are those of skillful generalship in all of the manifold avenues of activity in which his interests and tastes have led him.  His plans are in the large; and completely cover every campaign in which he figures, without burdening himself with the minuter details.  His strategic skill has in no direction been more strongly manifested than in his remarkable faculty of choosing lieutenants capable of working to his plans.

He has received many honors, including the honorary degree of LL.D. from Yale University and decorations from foreign countries; has been in intimate audience with the King of England, the German Kaiser, the King of Italy and other royalties, and with Pope Leo.

Mr. Morgan has a full appreciation of the social side of life, is a member of the best clubs of New York, London and other cities, and enjoys himself to a degree rarely attained by one so largely identified with great enterprises.

Mr. Morgan married first, in 1861, Amelia Sturgis, daughter of Jonathan Sturgis, of New York, who died in 1862; and in 1865 he married Frances Louise Tracy, daughter oi Charles Tracy, a noted New York lawyer.  He has a son, John Pierpont Morgan, Jr., who is associated with him in business, and three daughters: Louise Pierpont Morgan (Mrs. Satterlee), Juliet Pierpont Morgan (Mrs. Hamilton), and Miss Anne Tracy Morgan.

~ History of the City of New York, 1609-1909, by John William Leonard, Copyright 1910, Pages 470-475.

You can visit the memorial page for John Pierpont "J. P." Morgan.

Garfield, Lucretia [Rudolph] - 1881

The fortitude of Mrs. Garfield is wonderful.  Not once has she given way to her emotions.  The strain of the past few weeks upon a system already illy <sic> fitted to cope with mental or physical pain must have been tremendous.  When the reaction comes and the tense nerves of heart and brain relax, it would occasion no surprise if the devoted wife and mother left her children to rejoin the beloved one to whom she was so faithful in life.
~ The Lititz Record, 23-Sept-1881, Page 2, Column 2

You can visit the memorial page for Lucretia [Rudolph] Garfield.

Schiff, Jacob Henry - 1910

JACOB HENRY SCHIFF, distinguished as a banker, financier and philanthropist, was born in Frankfort on the Main, Germany, in 1847.

He was educated in Germany, and in 1865 came to New York City. He secured a position as a bank clerk, and after a few years of service in that capacity became partner in the firm of Budge, Schiff & Company, bankers and brokers, until 1875, when he married Therese, daughter of Solomon Loeb, then head of Kuhn, Loeb & Company, and was admitted to that firm.

The firm of Kuhn, Loeb & Company was first formed in Cincinnati, where they were for years successfully engaged in mercantile business, coming from there to New York to engage in banking. To this firm Mr. Schiff's experience and genius for banking proved a valuable asset, and it was not long before he was taking a most influential part in the management of its affairs. On the retirement of Mr. Loeb, in 1885, he became the head of the firm, which has constantly increased its importance as a factor in the financial world, with large and most influential international connections, and close relations with leading capitalists at home.

Personally, Mr. Schiff has attained great distinction as a financier, and as financial adviser to the Standard Oil group of capitalists, the Pennsylvania Railroad, the late E. H. Harriman, and other large interests, and his firm has financed many of the most important and extensive financial operations. This firm took the leading part in the financing and management of the organization of the Union Pacific Railway, in 1897, beginning with the purchase of that railroad from the government, and the subsequent measures by which control of the Southern Pacific and other important railroads was acquired, and has been a participant in nearly all of the greater financial activities of national or international importance. One of the most notable of these great operations of the firm was the placing of the large Japanese loan in this country during the war with Russia, in which the firm achieved a signal success.

Mr. Schiff has in recent years resigned most of his directorates in favor of his younger partners, but is still a director of the National City Bank, National Bank of Commerce, Bond and Mortgage Guarantee Company, Western Union Telegraph Company, Woodbine Land and Improvement Company, and various other corporations. He is a member and vice president of the Chamber of Commerce.

Since the Japanese-Russian War, Mr. Schiff has been actively identified with important financial operations in the Orient, and has made a close study of the financial and commercial policies of the various nations connected with the question of the open door in China and the developments in Manchuria and Korea resulting from the recent war. He has paid an extended visit to Japan and observed conditions closely, so that his opinion on Far-Eastern sub jects has great weight in the country at large as well as in financial circles.

Therefore an address by him before the Republican Club of New York in March, 19 10, aroused great interest throughout this country and abroad, and much comment, favorable and unfavorable, according to the affiliations and sympathies of the writers; but all recognized the fact that Mr. Schiff's views were backed by the authority of intimate knowledge of his subject and perfect sincerity of opinion.

In political views Mr. Schiff is a Republican, but he has been influentially identified with effective nonpartisan movements for reform in the municipal government of New York. He was a prominent member of the Second Committee of Seventy, whose well-directed efforts resulted in the overthrow of the Tweed Ring, and of the Committee of Fifteen and Committee of Nine, which were both important later factors for the promotion of civic reform in the City of New York.

Educational and charitable causes have enlisted Mr. Schiff's close and efficient attention, and in the support and direction of Hebrew charities he has taken a position of especial prominence, being vice president of the Baron de Hirsch Fund and president of the Montefiore Home for Chronic Invalids. His benefactions to charities have been many, including $50,000 to the Hebrew Sheltering Home; $200,000 to be used for the purpose of establishing normal schools for the training of Jewish Sunday school teachers, one to be located in Cincinnati and one in New York City; $100,000 for a Technical College at Hafia, Palestine, besides many other gifts to orphanages, hospitals and synagogues, given with a thorough understanding of the wants of these institutions, of which he has made a sympathetic study. He was also a liberal contributor to the Galveston Relief Fund at the time of the flood there, and has led in promoting the work of the Young Men's Hebrew Association.

His interest in education is very great, and has been manifested in many substantial ways. He has shown special enthusiasm in the encouragement of the study of Semitic literature, with which he is himself thoroughly conversant. He founded the Semitic Museum at Harvard, and the Jewish Theological Seminary, New York, and gave a fund of $10,000 to the New York Public Library toward the purchase of a Semitic library. He also presented to that institution the famous Tissot collection of Old Testament paintings, valued at $37,000. He was a founder and the first treasurer of Barnard College.

Mr. Schiff is a member of the American Museum of National History, The Metropolitan Museum of Art, to which he has made valuable gifts, and the American Fine Arts Society, and is also a member of the Lawyers' and Republican Clubs of New York.

Mr. and Mrs. Schiff have their town house at 965 Fifth Avenue, and a country home at Seabright, N. J. They have two children, of whom their son, Mortimer L. Schiff, is a partner in the firm of Kuhn. Loeb & Company.
~ History of the City of New York, 1609-1909, by John William Leonard, Copyright 1910, Pages 516-518.

You can visit the memorial page for Jacob Henry Schiff

.

Bache, Jules Semon - 1910

JULES SEMON BACHE, senior member of the firm of J. S. Bache & Company, bankers and brokers, was born in New York City, son of Semon Bache and Elizabeth (Van Praag) Bache.

He was educated at Charlier Institute, New York, and in Frankfort, Germany. He entered business in 1876, spending three years with his father's firm, after which he joined the banking and brokerage house of Leopold Cahn & Company. In 1892 the business was reorganized as J. S. Bache & Company, Mr. Cahn remaining as special partner for some years.

Under the able guidance of its senior the house of J. S. Bache & Company has become one of the representative banking and brokerage concerns of the country. It has member ships in the New York Stock Exchange, Philadelphia and Chicago Stock Exchanges, the New York Cotton, Coffee, and Produce Exchanges, Chicago Board of Trade, and the New Orleans and Liverpool Cotton Exchanges; and maintains branch offices at Buffalo, Rochester, Albany, Troy, Saratoga Springs, Montreal, Atlantic City and Bar Harbor. Its private wire system is most extensive and connects with the important financial centres. [sic]

Mr. Bache is a director in the National Bank of Cuba, International Banking Corporation, Empire Trust Company, New Amsterdam Casualty Company, Anniston City Land Company, Oakland Bayside Realty Company, New River Collieries Company, Matanzas Railway and Warehouse Company, and other corporations in the United States and Cuba; and is a member of the New York, Lawyers, and The Lambs Clubs, and Automobile Club of America.
~ History of the City of New York, 1609-1909, by John William Leonard, Copyright 1910, Page 519

You can visit the memorial page for Jules Semon Bache.

Brown, child of Joseph D. - 1881

Died.
BROWN, August 3x [30 or 31, paper is worn badly, but I believe it to be the 31st over the 30th], 1881, at New haven, youngest child of Joseph D. Brown, aged 1 year.
~ The Lititz Record, 02-Sept-1881, Page 3, Column 5