J.P. Morgan

The Titanic, registered as a British mail ship was really owned by the American railroad tycoon, John Pierpont (J.P.) Morgan. He had most of the controlling interest in the American railroads and was looking to expand his ownership to seize control of the Atlantic shipping trade. He succeeded in acquiring the White Star Line in 1902.

J.P. Morgan

J.P. Morgan

White Star had asked the City of New York to enlarge and extend the piers to accommodate their new super liners and were flatly refused. The City stated that the long piers would extend too far into the Hudson River causing a hazard to navigation. They were subtly persuaded by Morgan who all but owned the docks of New York and had the means to choke the City's import and export trade.

John Pierpont Morgan He was born on Monday 17th April 1837 in Hartford (CT, USA), he was almost 75 when the Titanic sank. He had his very own private suite and promenade deck on the Titanic. He was supposed to join her for her maiden voyage but cancelled his passage, sparing him the fate of many of the other millionaires. He died on Monday 31st March 1913.