Omaha daily bee., 1886-09-18
THE HOUSE OF DREXEl.
Probable Close Of Business Of a Gr,at
Bank Firm.
The Younger Generation Not to Bear
the Burden of the OIdcr-Thc
Coming Wedding of
Prince of the
House.

PHILADELPHIA, Pa, Sept. S.-[Corrcs.
pondence Chicago Tribune l. "Tho
banking house of Drcxcl is to cease"
"Whcng"
Upon the death of the surviving head
of the Philadelphia house, Mr.. a. j.
Drcxel."
Impossible"
True, every word of it. | have it
upon the best of authority that this is Mr..
Drexel's will"
"Why"
because Mr.. Drcxcl is of the opinion
that none of his sons are equal to carry.
ing on the great business that he and his
brothers built up after the death of his
father, and for that reason he desires that
with his life the house shall end"
A friend of mnc, who seems to be quito
close to the Drcxels-the grea test bank.
ers altogether, in the United Statcs-sur.
prised me with this story this morning.
Another friend, to whom was talking
to-day, who is also ncarto the bankers,
and is IN intimate of Mr.. James w. Paul
jr., Miss Drcxels husband and member
of all three of the DreXel firms Philade-
pha, New York and Paris, SAID: "Iherc
probably is good deal in that, but doubt
whether all the plans have yet been per-
fccted. | don't know whether Mr.. DroNel
will insist on forbldding the use of his
name, but it is very likely that none of
his sons will have any active part in the
business after his death. The money that
Mr.. DreXel's brother Frank-who died
last summer, worth $l5,000.0 .000-had in
the firm is being drawn out gradually. l
think it altogether likely that Mr.. j. Low
Der Welsh, the railroad tinancicr, will
finally take the chief monetary place in
the firm. He is quietly acquainting him
self with the affairs now with that pur
pose in view
All this is apropos of the preparations
for the wedding of MIR. Anthony Drexel,
jr. that is to come off at Long Branch
next week The bride is to be Miss Rita
Armstrong, of Baltimore, who is nearly
related to several society women in this
city, and spent nearly all of last winter
here. The wedding will be one of the
most splendid of the season, and prepa-
rations are making on n grand scale.
The Rev. DR.. Eccleson, an old friend of
the brides parents, is on his way from
Europe especially to oificiate on the oc'
casion.
The ceremony will take place at the
little Episcopal church at Elberon, as tho
southern and particularly swell part of
has n historic as well as social interest,
since it was there the late President
Grant and his family went when here in
the summertime. A brass tablet to the
late presidents memory is to be put in
the wall in week or two over the Grant
pew. There is similar one already in
place to the memory of the late Presi-
dent Garfield The church contains only
thirty-seven pcws, but l fancy that not
even at the Episcopal chapel at Newport
can one see bigger money kings during
the season. Any Sunday now until Octo-
Der, one may find representatives of n
hundred millions in the aggregate at
Sea- Even the sexton IS millionaire
Mr.. George w. Childs, Only instead of
receiving pay for his services he puts fifty
or hundred dollars every Sunday morn
ing on the collection plate that he hands
around He, by the way, is as you know
| a confidential friend of the DreXels and
his gift to the bride next week Will doubt
less be something worth looking at
How the church is to accommodate
even a tthe of the guests who have al
| ready been asked to the wedding is more
than [ can understand, thousand
cards. | fancy, have been sent out Spec
ial trains will bring people from Phila-
delphia New York and Baltimore, rela-
| tlves of the groom in Chicago will be on
England and the continent. The honey
moon is to be passed in Europe, where
Tony's brother John. who was married
Last autumn, is now with his bride.
The bride to be is bright and pretty.
She is rather small of stature, but trinity
made. She has big, dark eyes, good fea.
lures and a wonderfully clear complex
ion. She is nicely accomplished, too,
! and plays and sings well. She has been
staying all summer at the Long Branch
cottage of her sister, Mrs. Rhineander
Stewart, of New York, who is strikirgly
handsome.
Tony is at his fathers place at Long
Branch, and drives out with his tiancee
on a smart English cart every fair after
noon. lie is not uncomcly to look upon.
He is tall, broad shouldered, fat and
kindly lie is rather loud in his attire,
running strongly to striped shirts and
plaids and red gloves. This popularity
is the more noticeable by reason of the
fact that all the rest of the family are eX-
tremely plain IN dress. He is member
of all the fashionable clubs and of tho
swell city troop, the Guards" OF the
Quaker town. But they do say that
whenever the troop goes out to camp
Tony discovers that business requires his
presence in Europe. Tony is just now IA
clerk IN his fathers bank in this city, but
| hear that after his marriage he will be
gwen an interest in the Philadelphia firm
and the two associate houses.