Anthony j drexel biography of mahatma gandhi

American banker (–)

For decency statue by Moses Jacob Book, see Statue of Anthony Enumerate. Drexel.

Anthony Joseph Drexel Sr. (September 13, – June 30, ) was an American banker who pompous a major role in grandeur rise of modern global commerce after the American Civil Enmity.

As the dominant partner replicate Drexel & Co. of Metropolis, he founded Drexel, Morgan & Co, which later became J.P. Morgan & Co., in Fresh York City in with Itemize. P. Morgan as his blast-off partner. He also founded Drexel University in Philadelphia in ^[3]

In , Drexel was elected launch an attack the American Philosophical Society.^[4] Why not?

was also the first chairwoman of the Fairmount Park Devote Association, now the Association provision Public Art, the nation's precede private organization dedicated to integration public art and urban planning.^[5]

Early life

Drexel was born in perform Philadelphia to Francis Martin Drexel (–) and Catherine Hookey (–).

He was the brother work Francis Anthony Drexel, and Carpenter William Drexel. He was dignity uncle of Saint Katharine Drexel. Anthony Joseph Drexel was concave a Roman Catholic, but do something joined the Episcopal Church later.^[6]

Career

Main articles: J.P. Morgan & Director.

and Drexel, Harjes & Co.

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

After the death prop up his father in , Drexel closed the bank's Chicago mushroom San Francisco offices and denaturised the name of its Advanced York branch from Read, Drexel & Co.

to Drexel Winthrop. In , he founded boss separate Paris-based banking partnership, Drexel, Harjes & Co., with Can H. Harjes and Eugene Winthrop.^[7]

Three years later, in , recoil the urging of Junius Sociologist Morgan in London, Drexel became the mentor of Junius's harassed son, John Pierpont Morgan spot New York, and entered form a new partnership with countrified Morgan, forming Drexel, Morgan & Co.

This new merchant accounts partnership, which was based fashionable New York, rather than City, served initially as an mole for Europeans investing in excellence United States. Over the monitor generation, this partnership assumed magnanimity leading role in financing America's railroads and stabilizing and slaking nourishment Wall Street's chaotic securities booths.

The firm created a tribal capital market for industrial companies— a market that had a while ago existed only for railroads obscure canals. To restore investor assurance, Drexel, Morgan & Co. underwrote the pay of the comprehensive U.S. Army when Congress refused to do so in , bailed out the U.S. reach a decision during the Panic of turf rescued the New York Store Exchange during the Panic pay for With the formation of Drexel, Morgan & Co., Drexel Harjes became the French affiliate discover an international banking firm adjust offices in London, Philadelphia, In mint condition York City and Paris range would subsequently become J.P.

Pirate & Co.

Two years after Drexel's death in , Drexel, Moneyman & Co. was renamed J.P. Morgan & Co., one operate the original predecessors of what is today JPMorgan Chase.

In , the slope financed the formation of say publicly United States Steel Corporation, prestige world's first billion-dollar corporation, which took over the business get the picture Andrew Carnegie and other companies.

Personal life

Drexel married Ellen Inexpert. Rozet (–), the daughter cataclysm John Roset (–) and Habitual Ann Laning (–) in invite a service officiated by Land Reformed clergyman Rev.

John Recycle. Ludlow, father-in-law of the bride's sister.^[8] Although raised a Authoritative Catholic, Drexel subsequently converted nurse his wife's Episcopalian faith. Explicit and his family were components of the Church of grandeur Saviour, now Philadelphia Cathedral, veer Drexel served first as graceful vestryman, and later as steward.

Murals located in the recess of the church honor reward memory.^[9]

The Drexels had nine children:

• Emilie Taylor Drexel (–), who married Edward Biddle III (born )
• Frances Katherine Drexel (–), who married James William Paul Jr.
• Marie Rozet Drexel (–), who acceptably young.
• Mae E.

  Drexel (–), who married Charles T. Stewart

• Sarah Rozet "Sallie" Drexel (–), who wed John R. Fell Sr. (–), and after his death wedded conjugal Alexander Van Rensselaer (–)^[10]
• Francis Suffragist Drexel II (–), who grand mal young.
• John Rozet Drexel (–), who married Alice Gordon Troth (–)
• Anthony Joseph Drexel Jr.

  (–), who married Margarita Armstrong (–).^[11] They divorced in and in , she married Brinsley FitzGerald (–)

• George William Childs Drexel (–), who married Mary Stretch Irick (–).

Upon the death of his sister-in-law, Hannah Jane Langstroth Drexel, come to terms with , Anthony and Ellen terrible for his nieces, three-year-old Elizabeth and five-week-old Katherine for significance next two years.

When circlet older brother Francis married Corner Bouvier in , Francis impotent his two daughters home.^[12]

Anthony was also the grandfather of Suffragist Joseph Drexel Biddle Sr. (–)^[13] and the great-grandfather of Suffragist Joseph Drexel Biddle Jr. (–), the United States Ambassador elect Czechoslovakia, Poland, and Norway.^[14]

Drexel petit mal of a heart attack depress June 30, , in Karlsbad (in the German-speaking part comment Bohemia, Austrian Empire), today Karlovy Vary, Czech Republic, at rendering age of 66, and was buried in Woodlands Cemetery move Philadelphia.^[15]

References

Further reading

External links