Drexel University - Spartan Yearbook (Philadelphia, PA)

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V ' rig! E ?'4':: 15,- I -'W ire:-.'-Q -- V , 'Sb . ,,.4, . , . . The Drexel Institute -'I' 79 --W9' 'N 1: -' ' Tijii.- If e' ' sl Q .F

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ANTHONY J. DREXEL 'I'he Drexel name is a 1'tlll11l12l1' one not only in our own eountry but throug'hout the world. Wherever linaneial questions requiring' unseltish serriee to the people o1' to the nation are to be eonsidered aeeording to sound principles and on a basis ot' the strietest, and most serupulons probity, the name ol' Drexel is honored and revered. 1Vherever questions arise having' to do with the promotion ot' the welfare ot' mankind by bringing young' people into the atmosphere ot' things beautiful and true and useful and thus stim- ulating' them to appreeiate and emulate the best in life, the name otf Drexel, as perpetuated in the Drexel Institute, will be honored and loved. 'l'he l'amily in ,l'hiladelphia was l'ounded in the ea1'ly part ot' the nineteenth eentury by 'IVHANUIS MA l1'l'I'N Dli1'1XlCIi, the t'ather ot' the founder ot' Drexel Institute. lle was born at Dornbirn, a town in the Austrian 'l'yrol, near the Swiss border not l'ar from Lake tlonstanee, on the seventh ot' April, 1792. 1Vhen eleven years old he was sent to Milan, Italy, where he studied languages and the line arts. It immediately beeame ap- parent that he possessed a. marked natural gift for painting: 'He spent six yea1's as a student in Milan. 'From this time until 1817 he spent his lit'e in Switzerland, Paris and llerlin, eon- tinuing' his study ol' art, while painting' portraits as a means ol' livelihood. In 1817, he eame to the United States, establishing' himselt' in 'I-'hiladelphia as an artist. Here he married Miss Katherine Von Huelii. ln 1826, the year in whieh An- thony -1. Drexel was born, he made a tour ot' the prineipal South Ameriean eountries, painting portraits ol' many ot' the notable men, ineluding' tleneral Dolivar, The Liber- ator, with whom he long' maintained relations ot' intimate t'riendship. 'l'wo ol' his paint- ings now hang in the 1 aeult'y llooin ol' the Drexel Institute. In 1837, having' returned to 'l'hiladelphia, he founded the banking' house ot' Drexel and Company. 'l'his house, eondueted on sound linaneial prineiples and on the idea that. a banking' institution is a publie trust, soon beeame a l'aetor in the development otf our nation at an important period. In 1839, Anthony Joseph Drexel, the seeond son ot' 1 raneis Martin Drexel entered the banking' house ot' his father. I-Born on the thirteenth ol' September, 1826, he was at this time only thirteen years ot' age, for the remainder ot' his lil'e. a period ol' lit'ty-t'our years, he was aetively and eontinuously engaged in the development- olf this unique insti- tution of world-wide reputation. Anthony J. Drexel speedily showed that he inherited the high abilities in linanee whieh eliaraeterized his father. It was at this time, when seareely more than thirteen 3 x

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1 9' l 1, 5 l years elf nge that l1e wus Sl'lll hy st11g'1--1-11111'l1 l'1'11111 1'l1il11delpl1i11. to New Orleuus witl1 il ll1l'g'0 sum i11 g'11ld, illt l'2ll'l'Y illlll re111:1rlc11l1le illustr11ti1111 ol' tl1e 1llllC1'G11t1 strength :uid relia1hility of l1is Ull2l1'2lK'l01'. At tl1e end elf the dz1y's work, llllilill' the wise g'11id1111ee elf his faither he spout the 1-ve11i11g1s ut lltllllt' i11 the study 11l' lllll4lt' :1111l tl1e l1lllQlHlQ'0S. As 21 result, Mr. Drexel illlil his l11'11t'l1e1's were linguists und lllllS1t'lilIlS of 1111 111111111 ability. O11 Suudziys he wzillced to ll Slllllll t'lllll'l'lI 1111 the eutslcirls 11lf l,llllRltlL'llllllil, where l1e played the 111'g'z111, 1'L'0G1Vlllg' t'111' this service, lifty d11ll11rs 11 year. Ill 11111.tters 11t' discipline his l'11t'l1e1,' was ex11eti11g' butt just. fill 1111e 11e1'11si1111, e011- l11'2ll Y to his 1'2l1l'll0l'iS expressed desire, he 1-li111l1e1l El high l'e111-11 Zlllt-l Llfell. When llC had rc1'11vered f1'tllll the res11lt 11l' tl11- 111'1'i1le11t, l1e wus plllllSllCll. Nevertlwless, Nr. Drexel 111111 his ll1'OlllC1'S 1'L'UtlQlllZl'll the wiS1l11111 1111d justice elf their fliill3ll01',S e1111tr11l and the lllvillgl 111111111-1'11 for their Wtlll'il1't! which 111-tuzlted l1i111. 'l'hey ll01lti1'0tl uud revered hi111 111111e tl1e less for the ex:11'1i11g eure u'itl1 whi1-h l1e U1'llCl'6fl their lives. Al'te1' the death 11l' his l'illllt'l' ill 18113, Authouy J. Drexel with l1is lll'0lll0l' Pl1'2lllCiS A. Drexel 1'1111ti1u11-d the lJllSlll0SS. 'l'h1-y we1'e jtbilltld luter hy lll0il' b1'11ther -loseph NV. Drexel. 'lllll' Paris ll0llS0, Drexel, llurjes SL tle., wus 1-st11hlisl11-1l i11 1867 and the New York house, Drexel, M111'g'1111 N t'11., i11 1871. illll'illlf'lS A. Drexel 1lie1l i11 1885 leuvilig l1IlilltHly J. Drexel i11 00llll1ll'll' e1111tr11l 11K tl1e 11rig'i11:1.l house i11 l'l1il111lelpl1iz1. lt wus t'l11'1111g'l1 Alll'll0ll'V .l. Drexel that tl1e Drexel interests UXIHlll4l0Cl to w111'ld-wi1le 1li1ue11si1111s. The lliHltJ1'y ul' these lllll'I't'SlS is the story 11t' l1is lil'1-. The rise of tl1e l.'hil11- 1lel11hi:1 h1111se wus 1'l1:11'111't111'ize1l, us has heeu i11di1-:1te1l :1l111ve, l1y il, Si'l'l1plll0llS 11bse1'v11111'e uf tl1e SUllllllK'Sl llllllililllmlllill 111'i111'ipl1-s 11l' llillllilllg' :md ti11:1111'e. U111le1' tl1e lll1lSl7l!1',lqlll Q,'ll1tlilllt'l' 11if A11t,h1111y J. Drexel 11111l his lll'11lllt'1', l'll'illll'lS A. ljrexel, these pri11eiples were l1uilt' i11t11 tl1e very Sll'll1'llll't! 11lf tl1e lltIllS0. 'l'he husiuess 11lf llillllilllgf wus 1'CQ'Zll'Cl0tl us 11 public trust :uid Slliillltl lll01'Ul'tl1'L' IIUVUI' 2lSSlllll0 the 1'11st11111:11'y risks 11t' 1'11111111e1'1-i11l ClllL'l'- prises, 11111' 1-11t1-rtz1i11 Y0llllll't'S i11 uuy 1leg're1- llllt'Cl'l2llll. 'l'he Drexel h11us1-s, tl11'11ug'l111ut their 1-xiste111'1-, luive 2lll.lll1'01l sp111'11l11ti1'11 11eg'11tia1ti1111s. ,lu uetiye llll2lllt'l', they halve 1'1111li11e1l l'll0lIlSClX'0H 111 pi'11vi1li11g' 1'l'S0lll'K'US 'l'111' tl1e t'0llLlllCl1 11l' 11ri1'11t1- llllHlllUSH, 1'11r11111':1ti1111s, i11stituti1111s, 111111 g.1'0X'L!l'llllll'lll, ulwuys 11111111 :1 tl1111'1111g'l1ly Hllllllil husis. u1YllUlll'YCl' 111'1'usi1111s 111'11se, NYllt'll s11lve11t husiuess llltlll 111' lltlllt'lill'j' iusti- llll1t3llS were ll2ll'1l 11resse1l 111' llllgllll he 1-11111111-lle1l to sus111-11d 111' hreuk, nwiug to 111111111 in tl1e 11111111-y 1ll2l1'lit'l', the llll'1lllH were 11r1111111tly l'll1'lllHll0ll t11 save tl1e llltlll 111' the i11stituti1111 Il'1'U1ll 1lis1'r1-dit 111' lJ2llllil'l1lDl1'.Y. Mr. llrexel did this lllltl0l' ull lllillllltfl' 11l' l'11't'lllllSlQlllt'CS fl'tllll the lll1llllllL'Sl to these i11v11l1'i11g' tl1e S2ll'l'l'Y 111' 1'lllll 11t' very l2l1'g'0 1'111'p111'11ti1111s where, il' reliel' hud lK'Cll withheld, wi1l1-sp1'e11d 1lisust1-1' Wtillltl have l'11ll11w1-d. O11 the puhlie 1'l1111'111't1-1' ul' the lllilll, heur tl1e Wl1l'llS 11t' tl1e lute liishep 1'le11ry C. l'11tt1-1' who had lill0Wll llllll lung' 111111 lIllllll2llt'l'V. 'l'lll'S1' w11r1ls were 1ll'l1ll0llllt'0ll 1111 tl1e 111'1':1si1111 11lf il 1lll'llltll'lRll s1-1'yi1'e held i11 the Alltlllilldlllll 11l' tl1e ,Drexel Iuslitute 1111 the tw1-utieth 11lf -l2lllll2ll'.X', 1851-l. Nlr. Drexel wus tllSllllg,1'll1SlIl?ll :1h1u'e 11ll l1y il llltlflll ll0lllC- 111-ss i11 llllSlll0SS-Rl lciud Ill' li11:1111'i11l st:1t1-s111:111sl1ip itlllt'lll'tl witl1 tl1e li11est1 se11sihility 111111 -J