Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1893-07-08

him. A confrmatory dispatch was re-
ceived at 2:15 p. IN. The message stated
that Mr.. DreXel had a slight attack of
pleurisy, but recovered and was then
seized with apopleNy, from which he
died.
The announcement of Mr.. DreXers
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, made 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 e Co. is estimated
to be more than Sl0,000,0o0. 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
Harris, who accompanied Mr.. Drexel
abroad, will make preparations to
| have the body brought to this country.
The body of the dead tinancier will he
| placed in the Drexel mausoleum 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 $50, 900, 900 to SS5, 900, 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 10000 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 n part
ner in the New York house of Drexel,
Morgan e Co. and the Paris bank of
DreXel, Harjes & Co. The banks in
which he was interested also main
tanned close business relations with j.
|
The various Drexel banking houses
have always been money-furnishing
establishments. They have conducted
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. Drcxel always took
deep interest in the atfajrs of these
ablishments, and mach of the sue
cess which they enjoyed has been due
to his sagacity and keen business in.
| stinct. Mr. DreXel had quick percep-
ton, and his ability to at once COM
prehend the chief bearing of the prop.
osition at hand enabled him to prompt.
ly exercise his judgment.
Mr.. DreXel was the son of Francis
Martin DreXcl, 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 e Co., in
Philadelphia, in 1887. The Paris brancl
was fonnded in 1868, and the New York
house-DreXel Morgan e Coin 1871
Anthony j. DreXel was born in Phil
adelphia in 1926. 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, whC
, was the leading spirit in the New Yorl
! house, died in that city in 1855. Boil
! brothers We're illustrious examples o
wealth com mbined with whole-hearted
practical philanthropy.
, Another for Yale.