Griggs courier., 1893-07-07


ANTHONY j. DRExE1.
him. A con6rmatory dispatch was re-
ceived at 2:15 p. m. The message stated
that Mr. Drexel had a slight attack of
pleurisy, but recovered and was then
seized with apoplexy, from which he
died.
The announcement of Mr.. Drexel's
death occasioned the greatest sorrow
among both bankers and the general
public here and in Philadelphia. The
members of the Philadelphia banking
house, presuming on the authenticity
of the report of Mr.. Drexel's death, said
that the death Of Mr.. Drexel will
not affect the business of that firm.
Mr.. Drexel, it is said, m;11de provisions
for the inevitable some years ago, and
his money, or the greater portion of it.
will remain in the firm. His interest
in the firm of Drexel & Co. is estimated
to be more than $4,000. 900. Mr.. Drexel
is said to have arranged his affairs
more than two years ago.
Mr.. Wright, one of the managing
directors of Drexel, Morgan & Co.,
cabled j. Pierrepont Morgan, who is
now in London, the news of Mr.. Drex-
els death, and says that Mr.. Morgan
will go at once to Carlsbad and with Mr.
Harris, who accompanied Mr.. Drexel
abroad, will make preparations to
have the body brought to this country.
The body of the dead financier will be
placed in the Drexel mausolenm in
Philadelphia, where other members of
the family rest. This mausoleum is
one of the finest in the country and
was built about twelve years ago.
Mr.. Drexel's fortune, estimated at
from s2o, 10000 to ss5. .00o, 900, will re-
main in the family, but it is said that
he frequently expressed the intention
of leaving substantial donations to the
Drexel college in Philadelphia, which
he endowed with $4,000, 900, and the
home for printers at Colorado Springs.
which he and George w. Childs Jointly
endowed.
Mr.. Drexel was one of the most
prominent bankers of this country. He
was at the head of the firm of Drexel
& Co., in Philadelphia, and was a part
ner in the New York house of Drexel,
Morgan & Co. and the Paris bank of
Drexel. Harjes & Co. The banks in
which he was interested also main
tanned close business relations with j.
S. Morgan & Co.. the London bankers.
The various Drexel banking houses
have always been money-furnishing
establishments They have conducted
a careful and conservative business in
supplying the capital for private and
corporate undertakings, and have In
the course of their history en-
gineered successfully many financial
operations of far-reaching interest.
Anthony j. Drexel always took
a deep interest in the affairs of these
establishments, and much of the suc-
cess which they enjoyed has been due
to his sagacity and keen business in
stinct- Mr.. Drexel had quick percep-
tion, and his ability to at once COM
prehend the chief bearing of the prop
osition at hand enabled him to prompt
" exercise his judgment.
Mr.. Drexel was the son of Francis
Martin Drexel. a native of the Austrian
Tyrol, who to avoid one of Napoleon
Bonaparte's conscriptions came to this
country and settled in Philadelphia.
The elder Drexel founded the great
banking house of Drexel & Co., in
Philadelphia, in 1887. The Paris branch
was founded in 1868, and the New York
house-Drexel, Morgan s. Coin 1871.
Anthony J. Drexel was born in Phil
adelphia in 1925. and during the greater
part of his life was at the head of the
bank in that city founded by his father,
having been identified with that insti-
tuition ever since he was Is years of age.
His brother, Joseph w. Drexel, who
was the leading spirit in the New York
house. died in that city in 1888. Both
brothers were illustrious examples of
wealth combined with whole-hearted,
practical philanthropy.
Another for Yale.
New LONDON, Conn, July 1.-Yalc
won the great boat race, crossing the
finish line five lengths ahead of
Harvard. The time was: Yale,
25:O11; Harvard, 25:15. The. race
was terrific one. At the start
Yale pulled thirty-six strokes and
Harvard forty. On the third mile Har-
ward pulled thirty-cig:lt strokes and
Yale continued the steady thirty-six
stroke. The rapid Rtrolke of the Har-