Morgan Francis McDonnell

Daily Herald (Arlington Heights, IL), November 4, 2003 | Go to article overview

Morgan Francis McDonnell


Morgan Francis McDonnell of Wayne

A memorial Mass for Mr. Morgan Francis McDonnell, 76, will be celebrated at 11 a.m. Thursday, at St. John Neumann Catholic Church, 2900 East Main St., St. Charles. Born in Southampton, Long Island, he died Sunday, Nov. 2, 2003, at his home, surrounded by his loving family.

As director and manager of numerous Chicago investment banking firms over the past 50 years, Morgan was known as a caring man of integrity, endowed with a sharp wit, a ready smile, a kind word, and a renowned sense of humor. He was one of the most respected men on LaSalle Street, a one-of-a-kind businessman who placed the highest value on the lives and needs of those who worked with him. Mr. McDonnell was the ninth of 14 children, the son of financier James McDonnell - dubbed the "Wolf of Wall Street" after predicting the stock market crash of 1929, and Anna Murray McDonnell, daughter of Thomas E. Murray, inventor and partner of Thomas Edison. Graduating at age 14 from Cranwell Preparatory School, he attended Fordham University for one semester before attending Georgetown University. He joined and served in the United States Navy in the south pacific. He returned to Georgetown to graduate at the age of 21.

Mr. McDonnell worked as a stockbroker for Merrill Lynch in New York before moving to Chicago in 1951 to open a branch of the family firm, McDonnell & Co. He acted as managing director until the firm closed in 1970. He then joined F.S. Moseley & Co., later acquired by Gruntal Inc. …

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