Collier's New Encyclopedia (1921)/Morgan, John Pierpont, Jr.

MORGAN, JOHN PIERPONT, an American banker, the son of J. P. Morgan, who died in 1913; born in New York City in 1867, graduated from Harvard University in 1889, and became a member of the firm of J. P. 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 directed against his house and its connections 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.