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Through the American commission of inquiry devoted to the sinking, Senator William Alden Smith openly attacked the very principle of the company and Morgan. [23] As had been arranged before Titanic sank, J. Bruce Ismay retired as president of IMM in 1913 and was succeeded by Harold Sanderson [24] Morgan died on 31 March 1913. [25]
Morgan did have a hand in the creation of the Federal Reserve, and owned the International Mercantile Marine, which owned the White Star Line, and thus the Titanic. [13] Morgan, who had attended the Titanic 's launching in 1911, had booked a personal suite aboard the ship with his own private promenade deck and a bath equipped with specially ...
John Pierpoint Morgan—more commonly known as "J.P. Morgan" and namesake and founder of J.P. Morgan Private Bank—was present at the Titanic launch party in 1911 because he also founded the ...
In 1902, Ismay oversaw the sale of the White Star Line to J.P. Morgan & Co., which was organising the formation of International Mercantile Marine Company, an Atlantic shipping trust which absorbed several major American and British shipping lines. IMM was a holding company that controlled subsidiary operating corporations.
1950s popular singer, later game show panelist Jaye P. Morgan, born Mary Margaret Morgan, acquired the nickname reflecting J.P. Morgan while serving as her high school class treasurer. The villain of Street Fighter 6 is an elderly upper-class banker that uses a variety of aliases, all of which have the initials "JP."
The J.P. Morgan name was abandoned in the 1950s in favor "Morgan Guaranty Trust." The bank used this name until 1988, and by the late '90s J.P. Morgan had built itself into a respectable (but not ...
Titanic ' s owner J. P. Morgan was scheduled to travel on the maiden voyage but cancelled at the last minute. [121] Also aboard the ship were the White Star Line's managing director J. Bruce Ismay and Titanic ' s designer Thomas Andrews†, who was on board to observe any problems and assess the general performance of the new ship. [122]
A Senate subcommittee has produced a 300 or so page document that says that J.P. Morgan Chase & Co. (NYSE: JPM) manipulated information about huge losses in its London trading operations and that ...