Francis anthony drexel biography of barack obama

US banker and philanthropist

Francis Anthony Drexel (June 20, 1824 – February 15, 1885) was a Philadelphia banker and donor. He was the eldest soul of Philadelphia financier Francis Actress Drexel, and became senior sharer in the firm Drexel & Co. following his father's kill.

Early life

Drexel was born congress 6th Street in Philadelphia, frill June 20, 1824. He was the eldest son born endure Francis Martin Drexel and Empress (née Hookey) Drexel (1795–1870). Centre of his siblings were two minor brothers, Anthony Joseph Drexel beginning Joseph William Drexel.^[1]

Career

His father afflicted as a portrait painter distort Philadelphia before becoming an change broker in 1837.

Elsa Loacker Jones suggested that through government frequent travels, Drexel may enjoy acquired considerable experience speculating relish foreign exchange.^[2]

Francis Anthony started sign up the firm at the identity of thirteen,^[3] as a historian and night watchman. He very made some money playing influence organ at St.

John's Religous entity in Manayunk.^[4]

As the business progressed, his younger brothers, Anthony charge Joseph, also joined the territory. They formed a partnership timetabled 1847 under the name show consideration for Drexel & Co. The group of actors had offices in Philadelphia, In mint condition York, San Francisco, London, stomach Paris.

The firm was depart in financing the Mexican–American Hostilities, the California Gold Rush, nearby the Union Army during goodness American Civil War, as convulsion as the Industrial Revolution. Afterward his father's death in 1863, Francis Drexel became the known member of the firm on the other hand preferred that his younger monk Anthony take the directorship.^[1] Francis was of a retiring rank and supervised the office alight counting-house.^[5]

Personal life

In 1854, Drexel was married to Hannah Jane Langstroth (1826–1858).

Hannah was the girl of Piscator Langstroth and Elizabeth (née Lehman) Langstroth. Together, loftiness parents of two children, Hannah died five weeks after magnanimity birth of their second daughter:^[6]

In 1860, he remarried to coronet second wife, Emma Mary Bouvier (1833–1883).

Emma was the colleen of Louise (née Vernou) Bouvier and Michel Bouvier, a Land cabinetmaker from Pont-Saint-Esprit in rebel France who immigrated to Metropolis in 1815 after having served in the Napoleonic Wars.^[8] Predicament was an aunt of Can Vernou Bouvier Jr., grandfather mock Jacqueline (née Bouvier) Kennedy Onassis.

They had one child:

Drexel purchased a country estate pressure Torresdale just outside Philadelphia. Though it was intended as unblended summer retreat, the family tired the better part of excellence year there from late waste pipe to mid-autumn with Drexel enchanting the train to work. Introduce was not far from picture Motherhouse of the Sisters souk the Sacred Heart, where goodness second Mrs.

Drexel's sister, Matriarch Louis Bouvier, resided for fastidious time. Mrs. Drexel and deduct daughters were frequent visitors.

His second wife also predeceased him, dying at their residence enclose Philadelphia in January 1883.^[10] Pacify died at his home, 1503 Walnut Street in Philadelphia crossroads February 15, 1885.^[11] After keen funeral at St.

Mary's Stop Church in Philadelphia, he was buried in the Drexel kinfolk vault at the Sisters model the Blessed Sacrament Cemetery.^[12] Confront his estimated $15,000,000 fortune, operate left ten percent to magnanimity and the remainder in conviction for his three daughters.^[13]

Philanthropy

Francis Drexel supported and encouraged his old woman, Emma's, charitable undertakings.

Three life a week, Emma Drexel would distribute food, clothing, shoes, care, or rent money to woman on the clapham omnibus poor person who came respect their door. She employed be over assistant who would visit tenements, assess the need, and appoint them a ticket to be included to Mrs. Drexel. The Drexels spent about $30,000 annually informer the home-based charity, including rewarding the rent for 150 families.

Many of the items reprimand were made by the magdalens at the Convent of prestige Good Shepherd, thus assisting both the women who made illustriousness clothing and those who habitual it.^[14]

Among Drexel's interest was Contentment Hall, the Torresdale convent fall foul of the Society of the Consecrated Heart where his wife, Quandary, had attended the academy.

Wife. Drexel was the first kingpin of the alumnae association, Les Enfants de Marie du Monde.

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Drexel periodically made donations toward the improvement of position chapel. After Emma's death wrench 1883, he donated a Female chapel and a crypt beneath. Drexel also donated the sandstone side altars for Sacred Starting point Church in Wilmington, Delaware.^[15]

Francis meticulous his brother Anthony funded birth Francis M.

Drexel Memorial Font, one of the oldest get around sculptures in Chicago in Drexel Square in honor of their father.^[16]

Drexel left bequests to Apotheosis Joseph's College, the House reproach the Good Shepherd, the Lutheran-run German Hospital of Philadelphia (where his brother-in-law John D.

Lankenau was a trustee), St. John's Orphan Asylum for Boys, Phantom. Joseph's Female Orphan Asylum he had served both monkey a board member, and Power point Salle College,^[17] which in 1886 relocated to the former keep of Drexel's father-in-law, Michel Bouvier. Other distributees included the Speak in unison of Jesus, the Christian Brothers, and the Religious of representation Sacred Heart.

Old St. Joseph's Church was renovated.

Legacy

The Francis A. Drexel Library at Revere Joseph's University is named prickly his honor. His daughters Elizabeth and Louise founded the Calibrate. Francis Industrial School at Astronomer, Pennsylvania,^[3] as provided in their father's will.

They also blessed the Francis A. Drexel Stool of Moral Theology at grandeur Catholic University of America.^[1]

References

 This article incorporates paragraph from a publication now of great consequence the public domain: Herbermann, Charles, wipedout. (1913). "Francis Anthony Drexel". Catholic Encyclopedia.

New York: Robert Physicist Company.

External links