![]() Dabney (a connection established when Pierpont was sent to the Azores as a child) as a senior partner, and the firm was known first as Dabney, Morgan, and Company (beginning in 1864) and then "Drexel, Morgan & Co." (in 1871). Junius, however, considered some of Pierpont's ventures to be highly speculative. Pierpont Morgan & Company traded in government bonds and foreign exchange. Pierpont Morgan, first apprenticed at Duncan, Sherman, and Company in New York City, then founded his own firm with a cousin, J. Junius took control of the firm, changing its name to J.S. (which became Peabody, Morgan & Co.), a London-based banking business headed by George Peabody. The origins of the firm date back to 1854 when Junius S. ![]() ![]() 23 Wall Street, former headquarters of J.P. ![]()
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