Part 1 Chapter 2 Polonius Summary and Analysis

The Morgans are a wealthy family, unlike Peabody who had to earn his wealth. The first Morgans arrived in America sixteen years after the Mayflower. Their ancestral home is Hartford, Connecticut. They own the Aetna Fire Insurance Company, canal and steamboat companies, stagecoach lines, and financed railroads. The career of Junius begins when his father buys him a partnership in a dry-goods business in 1836. He marries Juliet Pierpont the same year and the following year John Pierpont Morgan is born to them. Junius sells his partnership in the dry-goods business in 1847 and becomes a partner in J.M. Beebe, Morgan and Company, the largest mercantile house in Boston. His son Pierpont attends English High School there and then boarding school in Switzerland. He also attends university in Gottingen, Germany in 1856. He founds the J.P. Morgan and...