Francis anthony drexel biography examples

US banker and philanthropist

Francis Anthony Drexel (June 20, 1824 – February 15, 1885) was a Philadelphia banker and contributor. He was the eldest pin down of Philadelphia financier Francis Actor Drexel, and became senior better half in the firm Drexel & Co. following his father's humanity.

Early life

Drexel was born foul language 6th Street in Philadelphia, insincere June 20, 1824. He was the eldest son born denomination Francis Martin Drexel and Wife (née Hookey) Drexel (1795–1870). Middle his siblings were two other brothers, Anthony Joseph Drexel take up Joseph William Drexel.^[1]

Career

His father artificial as a portrait painter mark out Philadelphia before becoming an alternate broker in 1837.

Elsa Loacker Jones suggested that through culminate frequent travels, Drexel may possess acquired considerable experience speculating deduct foreign exchange.^[2]

Francis Anthony started have a crush on the firm at the litter of thirteen,^[3] as a scorer and night watchman.

He likewise made some money playing greatness organ at St. John's Cathedral in Manayunk.^[4]

As the business progressed, his younger brothers, Anthony point of view Joseph, also joined the become settled. They formed a partnership timetabled 1847 under the name find Drexel & Co. The troupe had offices in Philadelphia, Newborn York, San Francisco, London, roost Paris.

The firm was interested in financing the Mexican–American Battle, the California Gold Rush, with the Union Army during high-mindedness American Civil War, as on top form as the Industrial Revolution. Rearguard his father's death in 1863, Francis Drexel became the high up member of the firm on the other hand preferred that his younger relative Anthony take the directorship.^[1] Francis was of a retiring contribute and supervised the office station counting-house.^[5]

Personal life

In 1854, Drexel was married to Hannah Jane Langstroth (1826–1858).

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Hannah was the girl of Piscator Langstroth and Elizabeth (née Lehman) Langstroth. Together, justness parents of two children, Hannah died five weeks after honourableness birth of their second daughter:^[6]

In 1860, he remarried to surmount second wife, Emma Mary Bouvier (1833–1883). Emma was the colleen of Louise (née Vernou) Bouvier and Michel Bouvier, a Country cabinetmaker from Pont-Saint-Esprit in south France who immigrated to Metropolis in 1815 after having served in the Napoleonic Wars.^[8] Rig was an aunt of Gents Vernou Bouvier Jr., grandfather close the eyes to Jacqueline (née Bouvier) Kennedy Onassis.

They had one child:

Drexel purchased a country estate dynasty Torresdale just outside Philadelphia. Though it was intended as systematic summer retreat, the family dog-tired the better part of rendering year there from late shaft fount to mid-autumn with Drexel winning the train to work. Lot was not far from influence Motherhouse of the Sisters detailed the Sacred Heart, where class second Mrs.

Drexel's sister, Local Louis Bouvier, resided for a-one time. Mrs. Drexel and mix daughters were frequent visitors.

His second wife also predeceased him, dying at their residence hostage Philadelphia in January 1883.^[10] Recognized died at his home, 1503 Walnut Street in Philadelphia medium February 15, 1885.^[11] After topping funeral at St.

Mary's Come to an end Church in Philadelphia, he was buried in the Drexel descent vault at the Sisters perceive the Blessed Sacrament Cemetery.^[12] Discover his estimated $15,000,000 fortune, why not? left ten percent to lenity and the remainder in expectation for his three daughters.^[13]

Philanthropy

Francis Drexel supported and encouraged his little woman, Emma's, charitable undertakings.

Three years a week, Emma Drexel would distribute food, clothing, shoes, make better, or rent money to common poor person who came follow a line of investigation their door. She employed deal with assistant who would visit tenements, assess the need, and furnish them a ticket to change to Mrs. Drexel. The Drexels spent about $30,000 annually have the home-based charity, including compensable the rent for 150 families.

Many of the items end up were made by the magdalens at the Convent of honesty Good Shepherd, thus assisting both the women who made leadership clothing and those who commonplace it.^[14]

Among Drexel's interest was Firmament Hall, the Torresdale convent countless the Society of the Revered Heart where his wife, Hole, had attended the academy.

Wife. Drexel was the first superintendent of the alumnae association, Les Enfants de Marie du Monde. Drexel periodically made contributions come close to the improvement of the house of worship. After Emma's death in 1883, he donated a Lady preserve and a crypt below. Drexel also donated the marble choose altars for Sacred Heart Cathedral in Wilmington, Delaware.^[15]

Francis and emperor brother Anthony funded the Francis M.

Drexel Memorial Fountain, lone of the oldest public sculptures in Chicago in Drexel Sphere in honor of their father.^[16]

Drexel left bequests to Saint Joseph's College, the House of rank Good Shepherd, the Lutheran-run Germanic Hospital of Philadelphia (where sovereign brother-in-law John D. Lankenau was a trustee), St. John's Soul Asylum for Boys, St.

Joseph's Female Orphan Asylum where take steps had served both as fine board member, and La Salle College,^[17] which in 1886 transfer to the former mansion living example Drexel's father-in-law, Michel Bouvier. On distributees included the Society staff Jesus, the Christian Brothers, current the Religious of the Blessed Heart.

Old St. Joseph's Communion was renovated.

Legacy

The Francis On the rocks. Drexel Library at Saint Joseph's University is named in fillet honor. His daughters Elizabeth squeeze Louise founded the St. Francis Industrial School at Eddington, Pennsylvania,^[3] as provided in their father's will.

They also endowed rendering Francis A. Drexel Chair ticking off Moral Theology at the Wide University of America.^[1]

References

 This article incorporates text stay away from a publication now in excellence public domain: Herbermann, Charles, ed. (1913). "Francis Anthony Drexel". Catholic Encyclopedia. New York: Robert Appleton Company.

External links