Waterbury evening Democrat. [volume] (Waterbury, Conn.) 1887-1895, 1893-07-01
The LATE A. ]. DREXEL.
His Body to be Brought to
Philadelphia for Burial.
MANY EXPRESSIONS OF SORROW

The Announcement OF the Bankers
Death at Carlsbad Came As a Great
surprise-An Attack :of PIeurIsy Fol-
lowed by APOPlsxy-HIs Career.
PHILADELPHIA, July 1. - The sudden
death of Anthony J. Drexel at Carlsbad,
Germany, yesterday, has caused profound
sorrow. Mr.. Drsxel, while one of the most
prominent bankers in the country, was
the friend and helper Of everyone, aud the
news Of his demise came as a great shock
to rich aEI poor alike
Mr. Drexel's death was due to apoplexy.
His attack Of pleurisy and the fact that
it had been kept secret, explains why he
did not leave Carlsbad aud also why
Drexel & Co, were not notified Of his
movements. George w. Childs Thursday
received "A letter from Mr.. Drexel dated
Carlsbad, in which he stated that he was
feeling well. Mr.. Childs is deeply affected
by the sudden demise of his lifelong friend.
He wrote me on June It," the we'll
known publisher said in grievous tones,
after receiving the confirmatory announce
ment of Mr.. Drexel's death, land said this
was the very day that his daughter died
in Carlsbad. one year ago"
1t is stated at the Office OF Drexel & Co,
that the death of Mr.. Anthony ]. Drexel
Will mAAG no CudhAo "haAoNNE IA hAAC
business of Drexel < Co.
Further than that the body Of Mr.
Drexel will be brought to Philadelphia for
interment beside that of his wife, no ar
engagements nave been made. The sew
eral banking houses will be kept open. it
being impossible to close them, but only
important business will be transacted
Anthony ]. Drexel was one of the most
prominent bankers of this country. He
was at the head of the firm Of Drexel 4
Co, in Philadelphia, and was a partner in
the New y Ork bank OF Drexel, Morgan &
Co, and the Paris bank of Drexel, Harjes
s. Co.
The banks in which he was interested
also maintained close business relations
with J. S. Morgan & Co, the London
bankers.
Mr. Drexel was the son Of Francis Mar
tin Drexel, a native of the Austrian Tyrol
who, to avoid one of Napoleon Bonaparte's
conscriptiuns, came to this country and
settled in Philadelphia
Anthony j. Drexel was born In Phila-
delph,a in 1926, in a building that stood
on the site of the present Public Ledger
office. He did not complete r course at
| school, but entered the banking house of
| his father when he was only ID years of age.
| Since then the history of Mr.. DreNel has
| been that of the banking houses bearing
| his name.
The various Drexel banking houses have
Il always been money furnishing establish
ments. They have conducted a careful
and conservative business in supplying the
capital for private and corporate undertak-
1 ings, and have in the course of their his
1 tory engineered successfully many finan-
i cial operations OF far-reaching importance.
| Mr. Drexel always took deep interest in
the affairs of these establishments, and
much Of the success which they enjoyed
has been due to his sagAcity and keen bust
Il ness instinct
Mr.. Drexel had a quick perception, and
his ability to at once comprehend the chief
bearing OF the proposition at hand euR-
bled him promptly to exercise his judg-
ment
Mr.. Drexel found time in the midst OF
his active business life to do many acts oil
charity. He WAS quiet aud retiring in his
habits and declined many high places of
L honor which were offered him. He at one
time declined the high office of Secretary
/ of the Treasury of the United States.
| Mr.. Drexel was an intimate friend OF
Mr.. George w. Childs, and was associated
with him in many charitable undertake
inga
Together they founded the Printer.
Home in Colorado.
The Drexels have always maintained a
high standard of credit.
At tho outbreak Of the Franco PruSsiau
| war the firm took radical measures to pro
tect their letters of credit issuel to tray
i elers and tourists, placing large amounts
| of geld at various European point:
through the agency of their Paris house
/ The Drexel banking houses have alway'
had the highest reputation for fair dealing
| and sound, conservative business methods
Mr.. Drexel is supposed to have beer
worth about $50, 0O0, 900.