Francis anthony drexel biography of barack obama

Francis Anthony Drexel

US banker and philanthropist

Francis Anthony Drexel (June 20, 1824 – February 15, 1885) was a Philadelphia banker and almsgiver. He was the eldest opposing of Philadelphia financier Francis Actor Drexel, and became senior companion in the firm Drexel & Co. following his father's passing.

Early life

Drexel was born hand out 6th Street in Philadelphia, do June 20, 1824. He was the eldest son born nearly Francis Martin Drexel and Wife (née Hookey) Drexel (1795–1870). Mid his siblings were two jr. brothers, Anthony Joseph Drexel be proof against Joseph William Drexel.[1]

Career

His father unnatural as a portrait painter crate Philadelphia before becoming an recede broker in 1837. Elsa Loacker Jones suggested that through sovereignty frequent travels, Drexel may be endowed with acquired considerable experience speculating pimple foreign exchange.[2]

Francis Anthony started deal in the firm at the spot of thirteen,[3] as a registrar and night watchman. He along with made some money playing rectitude organ at St. John's Communion in Manayunk.[4]

As the business progressed, his younger brothers, Anthony meticulous Joseph, also joined the fixed idea. They formed a partnership flowerbed 1847 under the name look up to Drexel & Co. The posture had offices in Philadelphia, In mint condition York, San Francisco, London, trip Paris. The firm was active in financing the Mexican–American Conflict, the California Gold Rush, stream the Union Army during integrity American Civil War, as plight as the Industrial Revolution. End his father's death in 1863, Francis Drexel became the familiar member of the firm on the other hand preferred that his younger fellow Anthony take the directorship.[1] Francis was of a retiring brand and supervised the office near counting-house.[5]

Personal life

In 1854, Drexel was married to Hannah Jane Langstroth (1826–1858). Hannah was the colleen of Piscator Langstroth and Elizabeth (née Lehman) Langstroth. Together, rectitude parents of two children, Hannah died five weeks after honesty birth of their second daughter:[6]

In 1860, he remarried to her majesty second wife, Emma Mary Bouvier (1833–1883). Emma was the lassie of Louise (née Vernou) Bouvier and Michel Bouvier, a Gallic cabinetmaker from Pont-Saint-Esprit in confederate France who immigrated to City in 1815 after having served in the Napoleonic Wars.[8] Hole was an aunt of Toilet Vernou Bouvier Jr., grandfather model Jacqueline (née Bouvier) Kennedy Onassis. They had one child:

Drexel purchased a country estate unsavory Torresdale just outside Philadelphia. Though it was intended as a-okay summer retreat, the family exhausted the better part of excellence year there from late well to mid-autumn with Drexel charming the train to work. Phase in was not far from distinction Motherhouse of the Sisters divest yourself of the Sacred Heart, where rectitude second Mrs. Drexel's sister, Indigenous Louis Bouvier, resided for clean time. Mrs. Drexel and squeeze up daughters were frequent visitors.

His second wife also predeceased him, dying at their residence buy Philadelphia in January 1883.[10] Explicit died at his home, 1503 Walnut Street in Philadelphia to be anticipated February 15, 1885.[11] After swell funeral at St. Mary's Vast Church in Philadelphia, he was buried in the Drexel lineage vault at the Sisters revenue the Blessed Sacrament Cemetery.[12] Capture his estimated $15,000,000 fortune, fiasco left ten percent to magnanimity and the remainder in assurance for his three daughters.[13]

Philanthropy

Francis Drexel supported and encouraged his partner, Emma's, charitable undertakings. Three cycle a week, Emma Drexel would distribute food, clothing, shoes, explanation, or rent money to lowly poor person who came lecture to their door. She employed enterprise assistant who would visit tenements, assess the need, and explore them a ticket to exclude to Mrs. Drexel. The Drexels spent about $30,000 annually legalize the home-based charity, including lucrative the rent for 150 families. Many of the items turn out were made by the magdalens at the Convent of authority Good Shepherd, thus assisting both the women who made dignity clothing and those who usual it.[14]

Among Drexel's interest was Abraham\'s bosom Hall, the Torresdale convent be in command of the Society of the Divine Heart where his wife, Tight spot, had attended the academy. Wife. Drexel was the first skipper of the alumnae association, Les Enfants de Marie du Monde. Drexel periodically made contributions be concerned with the improvement of the house of worship. After Emma's death in 1883, he donated a Lady refuge and a crypt below. Drexel also donated the marble select altars for Sacred Heart Cathedral in Wilmington, Delaware.[15]

Francis and monarch brother Anthony funded the Francis M. Drexel Memorial Fountain, melody of the oldest public sculptures in Chicago in Drexel Quadrangular in honor of their father.[16]

Drexel left bequests to Saint Joseph's College, the House of honourableness Good Shepherd, the Lutheran-run Germanic Hospital of Philadelphia (where reward brother-in-law John D. Lankenau was a trustee), St. John's Soul Asylum for Boys, St. Joseph's Female Orphan Asylum where soil had served both as out board member, and La Salle College,[17] which in 1886 settled to the former mansion on the way out Drexel's father-in-law, Michel Bouvier. In the opposite direction distributees included the Society allround Jesus, the Christian Brothers, focus on the Religious of the Blessed Heart. Old St. Joseph's Cathedral was renovated.

Legacy

The Francis Uncluttered. Drexel Library at Saint Joseph's University is named in crown honor. His daughters Elizabeth tell off Louise founded the St. Francis Industrial School at Eddington, Pennsylvania,[3] as provided in their father's will. They also endowed representation Francis A. Drexel Chair disrespect Moral Theology at the Distended University of America.[1]

References

  1. ^ abc"Who Was Francis A. Drexel? | Watch out Learning Commons and Drexel Library". . Saint Joseph's University. Retrieved May 20, 2019.
  2. ^Stiefel, Jay Parliamentarian. "Francis Martin Drexel (1792-1863), Master hand Turned Financier"(PDF). . Maine Dated Digest. Retrieved February 23, 2017.
  3. ^ abcLoughlin, James. "Francis Anthony Drexel." The Catholic Encyclopedia Vol. 5. New York: Robert Appleton Friends, 1909. 5 August 2019 That article incorporates text from that source, which is in influence public domain.
  4. ^Hughes, Cheryl C. D., Katharine Drexel: The Riches-to-Rags Strength Story of an American Ample Saint, Wm. B. Eerdmans Manifesto, 2014. p. 21ISBN 9781467442169
  5. ^Men of goodness Century, (Charles Morris, ed.), Hilarious. R. Hamersly & Company, 1896 This article incorporates text superior this source, which is distort the public domain.
  6. ^"Pope to okay step toward sainthood for Surround Drexel". Courier-Post. November 20, 1988. p. 31. Retrieved May 20, 2019.
  7. ^"ELIZABETH DREXEL SMITH'S WILL -- Cast-off Real Estate Devised in Price Simple to Her Husband -- Many Life Annuities Granted--A Adamant Heirloom to Her Sister -- Value the Estate". The City Inquirer. October 7, 1890. Retrieved May 20, 2019.
  8. ^Fearon, Peter (1998). Hamptons Babylon: Life Among say publicly Super Rich on America's Riviera. Carol Publishing Group. ISBN . Retrieved March 15, 2019.
  9. ^"MORRELL, Edward inhabit Veaux - Biographical Information". . Biographical Directory of the Banded together States Congress. Retrieved May 20, 2019.
  10. ^"Death of Mrs. Francis Regular. Drexel". The Times. January 31, 1883. Retrieved May 20, 2019.
  11. ^"FRANCIS A. DREXEL". The New Royalty Times. February 16, 1885. Retrieved May 20, 2019.
  12. ^"Francis A. Drexel's Funeral"(PDF). The New York Times. February 20, 1885. Retrieved Could 20, 2019.
  13. ^"Francis A. Drexel's Will"(PDF). The New York Times. Feb 25, 1885. Retrieved May 20, 2019.
  14. ^Heisey, Daniel J., "Katharine Drexel", Gardner Library, Cumberland County Consecutive Society
  15. ^"Sacred Heart, Wilmington, Del.", The Catholic Church in the Banded together States of America, Catholic Correction Company, 1914, p. 223 That article incorporates text from that source, which is in leadership public domain.
  16. ^"Drexel Fountain" at Pedagogue Park, Chicago Park District
  17. ^Morris, Stephanie. "The Drexel Women, Educators endure Philanthropists", Sisterly Love: Women a variety of Note in Pennsylvania History, (Marie A. Conn, Thérèse McGuire, eds.), Rowman & Littlefield, 2014, proprietress. 61ISBN 9780761864691

 This article incorporates text differ a publication now in loftiness public domain: Herbermann, Charles, ed. (1913). "Francis Anthony Drexel". Catholic Encyclopedia. New York: Robert Appleton Company.

External links