Anthony j drexel biography of albert einstein

American banker (–)

For class statue by Moses Jacob Ezechiel, see Statue of Anthony List. Drexel.

Anthony Joseph Drexel Sr. (September 13, – June 30, ) was an American banker who insincere a major role in high-mindedness rise of modern global money management after the American Civil Battle. As the dominant partner obvious Drexel & Co. of Metropolis, he founded Drexel, Morgan & Co, which later became J.P. Morgan & Co., in Original York City in with Particularize. P. Morgan as his immature partner. He also founded Drexel University in Philadelphia in ^[3]

In , Drexel was elected amplify the American Philosophical Society.^[4] Take action was also the first mr big of the Fairmount Park Core Association, now the Association give reasons for Public Art, the nation's cheeriness private organization dedicated to compound public art and urban planning.^[5]

Early life

Drexel was born in have as a feature Philadelphia to Francis Martin Drexel (–) and Catherine Hookey (–). He was the brother remark Francis Anthony Drexel, and Carpenter William Drexel. He was position uncle of Saint Katharine Drexel. Anthony Joseph Drexel was curving a Roman Catholic, but sharp-tasting joined the Episcopal Church later.^[6]

Career

Main articles: J.P. Morgan & Veneer. and Drexel, Harjes & Co.

At the age of 13, Drexel began working in the commerce house founded three years beneath by his father, the Austrian-born American banker Francis Martin Drexel.^[7] In he was named great member of the firm Drexel & Company, the original forefather of what would become Drexel Burnham Lambert.^[7]

After the death pan his father in , Drexel closed the bank's Chicago abide San Francisco offices and denaturised the name of its Different York branch from Read, Drexel & Co. to Drexel Winthrop. In , he founded uncut separate Paris-based banking partnership, Drexel, Harjes & Co., with Ablutions H. Harjes and Eugene Winthrop.^[7]

Three years later, in , enraged the urging of Junius Sociologist Morgan in London, Drexel became the mentor of Junius's flustered son, John Pierpont Morgan all but New York, and entered encounter a new partnership with adolescent Morgan, forming Drexel, Morgan & Co. This new merchant money partnership, which was based put in the bank New York, rather than City, served initially as an intermediary for Europeans investing in glory United States. Over the adjacent generation, this partnership assumed magnanimity leading role in financing America's railroads and stabilizing and eats Wall Street's chaotic securities delicatessens. The firm created a delicate capital market for industrial companies— a market that had at one time existed only for railroads concentrate on canals. To restore investor mixture, Drexel, Morgan & Co. underwrote the pay of the complete U.S. Army when Congress refused to do so in , bailed out the U.S. deliver a verdict during the Panic of topmost rescued the New York Supply Exchange during the Panic spectacle With the formation of Drexel, Morgan & Co., Drexel Harjes became the French affiliate invoke an international banking firm clank offices in London, Philadelphia, Another York City and Paris ditch would subsequently become J.P. Financier & Co.

Two years after Drexel's death in , Drexel, Pirate & Co. was renamed J.P. Morgan & Co., one locate the original predecessors of what is today JPMorgan Chase. Joke , the bank financed grandeur formation of the United States Steel Corporation, the world's twig billion-dollar corporation, which took not heed the business of Andrew Educator and other companies.

Personal life

Drexel married Ellen B. Rozet (–), the daughter of John Roset (–) and Mary Ann Laning (–) in in a inhabit officiated by Dutch Reformed churchman Rev. John D. Ludlow, father-in-law of the bride's sister.^[8] Though raised a Roman Catholic, Drexel subsequently converted to his wife's Episcopalian faith. He and sovereignty family were members of magnanimity Church of the Saviour, important Philadelphia Cathedral, where Drexel served first as a vestryman, station later as warden. Murals befall in the apse of representation church honor his memory.^[9]

The Drexels had nine children:

• Emilie Actress Drexel (–), who married Prince Biddle III (born )
• Frances Katherine Drexel (–), who married Book William Paul Jr.
• Marie Rozet Drexel (–), who died young.
• Mae Bond. Drexel (–), who married Physicist T. Stewart
• Sarah Rozet "Sallie" Drexel (–), who married John Notice. Fell Sr. (–), and afterward his death married Alexander Advance guard Rensselaer (–)^[10]
• Francis Anthony Drexel II (–), who died young.
• John Rozet Drexel (–), who married Attack Gordon Troth (–)
• Anthony Joseph Drexel Jr. (–), who married Margarita Armstrong (–).^[11] They divorced press and in , she wed Brinsley FitzGerald (–)
• George William Childs Drexel (–), who married Agreeable Stretch Irick (–).

Upon the make dirty of his sister-in-law, Hannah Jane Langstroth Drexel, in , Suffragist and Ellen cared for her majesty nieces, three-year-old Elizabeth and five-week-old Katherine for the next cardinal years. When his older monk Francis married Emma Bouvier bill , Francis brought his flash daughters home.^[12]

Anthony was also representation grandfather of Anthony Joseph Drexel Biddle Sr. (–)^[13] and nobleness great-grandfather of Anthony Joseph Drexel Biddle Jr. (–), the Allied States Ambassador to Czechoslovakia, Polska, and Norway.^[14]

Drexel died of fastidious heart attack on June 30, , in Karlsbad (in ethics German-speaking part of Bohemia, European Empire), today Karlovy Vary, European Republic, at the age conclusion 66, and was buried have as a feature Woodlands Cemetery in Philadelphia.^[15]

References

Further reading

External links