This day in history, on April 17th, 1837, American financier John Pierpont (J.P.) Morgan was born in Hartford, Connecticut. He displayed extraordinary management skills, reorganizing and consolidating a number of failing companies to make them profitable. His extensive interests included banking, steel, railroads, and art collecting. In 1895, he aided the failing U.S. Treasury by carrying out a private bond sale among fellow financiers to replenish the treasury.
