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Anthony Joseph Drexel, Jr.

Anthony Joseph Drexel, Jr.
Anthony Joseph Drexel, Jr. (1865–1934) and Margarita Armstrong on December 29, 1916.jpg
Drexel, and his wife, Margarita, 1916
Born (1864-09-09)September 9, 1864
Philadelphia, Pennsylvania, U.S.
Died December 14, 1934(1934-12-14) (aged 70)
Occupation Banker
Spouse(s) Margarita Armstrong
(m. 1886; div. 1917)
Children 2
Parent(s) Anthony Joseph Drexel
Ellen B. Rozet
Relatives Alexander Van Rensselaer (brother-in-law)
Francis Anthony Drexel (uncle)
Joseph William Drexel (uncle)
Katharine Drexel (cousin)
Anthony Drexel Biddle, Sr. (cousin)
Francis Martin Drexel (grandfather)

Anthony Joseph "Tony" Drexel, Jr. (September 9, 1864 – December 14, 1934) was an American banker and philanthropist who was a close friend of King Edward VII.

Drexel was born on September 9, 1864 in Philadelphia to Anthony Joseph Drexel (1826–1893) and Ellen Rozet (1832–1891). He was one of nine children, including: Emilie Taylor Drexel (1851–1883), Frances Katherine Drexel (1852–1892), Mae E. Drexel (1857–1886), Sarah Rozet "Sallie" Drexel (1860–1929), the wife of Alexander Van Rensselaer, John Rozet Drexel (1863–1935), and George William Childs Drexel (1868–1944).

His father was the founder Drexel, Morgan & Co with John Pierpont Morgan in 1871 as his junior partner, who also founded Drexel University in 1891. His maternal grandparents were John Roset (1794–1870) and Mary Ann Laning (1807–1880). His paternal grandfather was Austrian-born American banker Francis Martin Drexel (1792–1863).

In 1878, Drexel began working for his father's firm, Drexel & Co. in Philadelphia, and was made a partner on January 1, 1890. He was a partner at Drexel until October 21, 1893, when he resigned at age 29 after 16 years of working and just four months after his fathers death, from Drexel & Co. of Philadelphia, Drexel, Morgan & Co. of New York, and Drexel, Harjes & Co. of Paris.

At the time, a close friend of his exclaimed to the The New York Times, "He does not care to assume the cares and responsibilities which are attached to the business. He is a young man who is very fond of life in the society. His pleasures would have to be curtailed immeasurably were he to continue closely identified with the business his father established, and he does not care for the confinement and close application to which he would be subjected. He prefers to be free footed, and will withdraw. That is all there is to his action. It is said is has no significant whatsoever."


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