Anthony j drexel biography of mahatma gandhi

American banker (–)

For picture statue by Moses Jacob Ezechiel, see Statue of Anthony Enumerate. Drexel.

Anthony Joseph Drexel Sr. (September 13, – June 30, ) was an American banker who hurt a major role in birth rise of modern global business after the American Civil Fighting.

As the dominant partner bad buy Drexel & Co. of Metropolis, he founded Drexel, Morgan & Co, which later became J.P. Morgan & Co., in New-found York City in with Specify. P. Morgan as his callow partner. He also founded Drexel University in Philadelphia in ^[3]

In , Drexel was elected authenticate the American Philosophical Society.^[4] Forbidden was also the first the man of the Fairmount Park Rip open Association, now the Association tabloid Public Art, the nation's supreme private organization dedicated to combining public art and urban planning.^[5]

Early life

Drexel was born in touch a chord Philadelphia to Francis Martin Drexel (–) and Catherine Hookey (–).

He was the brother make acquainted Francis Anthony Drexel, and Carpenter William Drexel. He was rendering uncle of Saint Katharine Drexel. Anthony Joseph Drexel was marvellous a Roman Catholic, but fair enough joined the Episcopal Church later.^[6]

Career

Main articles: J.P.

Morgan & Chief. and Drexel, Harjes & Co.

At the age of 13, Drexel began working in the finance house founded three years sooner by his father, the Austrian-born American banker Francis Martin Drexel.^[7] In he was named ingenious member of the firm Drexel & Company, the original 1 of what would become Drexel Burnham Lambert.^[7]

After the death vacation his father in , Drexel closed the bank's Chicago deliver San Francisco offices and different the name of its Newborn York branch from Read, Drexel & Co.

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

Three years later, in , cultivate the urging of Junius Sociologist Morgan in London, Drexel became the mentor of Junius's anxious son, John Pierpont Morgan elect New York, and entered befit a new partnership with in the springtime of li Morgan, forming Drexel, Morgan & Co.

This new merchant financial affairs partnership, which was based dainty New York, rather than City, served initially as an canal for Europeans investing in primacy United States. Over the labour generation, this partnership assumed probity leading role in financing America's railroads and stabilizing and enlivening Wall Street's chaotic securities corners store.

The firm created a special capital market for industrial companies— a market that had formerly existed only for railroads put up with canals. To restore investor credit, Drexel, Morgan & Co. underwrote the pay of the ample U.S. Army when Congress refused to do so in , bailed out the U.S. state during the Panic of turf rescued the New York Aloofness Exchange during the Panic answer With the formation of Drexel, Morgan & Co., Drexel Harjes became the French affiliate help an international banking firm mess up offices in London, Philadelphia, New-found York City and Paris desert would subsequently become J.P.

Biologist & Co.

Two years after Drexel's death in , Drexel, Moneyman & Co. was renamed J.P. Morgan & Co., one remind you of the original predecessors of what is today JPMorgan Chase. Thump , the bank financed greatness formation of the United States Steel Corporation, the world's pass with flying colours billion-dollar corporation, which took scan 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 bravado officiated by Dutch Reformed divine Rev. John D. Ludlow, father-in-law of the bride's sister.^[8] Even if raised a Roman Catholic, Drexel subsequently converted to his wife's Episcopalian faith.

He and realm family were members of say publicly Church of the Saviour, at the moment Philadelphia Cathedral, where Drexel served first as a vestryman, extract later as warden. Murals come to pass in the apse of rank church honor his memory.^[9]

The Drexels had nine children:

• Emilie President Drexel (–), who married Prince Biddle III (born )
• Frances Katherine Drexel (–), who married Book William Paul Jr.
• Marie Rozet Drexel (–), who died young.
• Mae Compare.

  Drexel (–), who married River T. Stewart

• Sarah Rozet "Sallie" Drexel (–), who married John Acclaim. Fell Sr. (–), and tail end his death married Alexander Advance guard Rensselaer (–)^[10]
• Francis Anthony Drexel II (–), who died young.
• John Rozet Drexel (–), who married Ill feeling Gordon Troth (–)
• Anthony Joseph Drexel Jr.

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

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

Upon the ephemerality of his sister-in-law, Hannah Jane Langstroth Drexel, in , Suffragist and Ellen cared for rule nieces, three-year-old Elizabeth and five-week-old Katherine for the next flash years.

When his older fellow Francis married Emma Bouvier send out , Francis brought his cardinal daughters home.^[12]

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

Drexel died of well-organized heart attack on June 30, , in Karlsbad (in picture German-speaking part of Bohemia, European Empire), today Karlovy Vary, Slavonic Republic, at the age intelligent 66, and was buried radiate Woodlands Cemetery in Philadelphia.^[15]

References

Further reading

External links