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ANTHONY JOSEPH DREXEL (1826–1893)

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Originally appearing in Volume V08, Page 579 of the 1911 Encyclopedia Britannica.
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ANTHONY JOSEPH DREXEL (1826–1893)  ,
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American banker, was born in
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Philadelphia, Pennsylvania, on the 13th of September 1826 . He was the son of Francis M . Drexel (1792–1863), a native of
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Austrian Tirol, who emigrated to
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America in 1817, and, after some years spent as a portrait-painter, became a banker and the founder of the house of Drexel &
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Company . Anthony, who entered his
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father's counting-house in 1839, eventually, with his brothers Francis and Joseph, succeeded to the control of the business, and organized the banking houses of Drexel, Morgan & Company, New York, of which his
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brother Joseph W . (1833–1888) was long the
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resident head, and of Drexel, Harjes & Company, Paris . In 1864 he joined his friend George W . Childs in the
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purchase of the Philadelphia Public Ledger, and with him in 1892 founded the Printers' Home for union men at
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Colorado Springs . In 1891 he founded, and endowed with $2,000,000, the Drexel Institute of
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Art, Science and Industry in Philadelphia, the buildings for which he constructed at a cost of $750,000 . This institution provides technical instruction for both
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night and day classes and public lecture courses, and has a good museum and a library of 35,000 volumes . Drexel died at
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Carlsbad, Germany, on the 3oth of
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June 1893 .

End of Article: ANTHONY JOSEPH DREXEL (1826–1893)
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