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Drexel Family Digital Archive
Pandemic Stories: Voices of COVID-19
The Early Drexel Institute and Race
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Drexel Family Digital Archive
Pandemic Stories: Voices of COVID-19
The Early Drexel Institute and Race
Browse Collections
About
Contact Us
Learn more about the Drexel University Archives
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Tags: Drexel&co
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Anthony J. Drexel dies in Carlsbad (also Karlovy Vary, Czech Republic) in the midst of the Panic of 1893.
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Drexel&co
Construction begins on a new Drexel & Co. office at the southeast corner of Fifth and Chestnut in Philadelphia. By 1888, a second Drexel Building was established on the same block in 1888. The building was the tallest in the city at the time at eleven stories, and essentially forced the movement of the third street financial district into this block.
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Drexel&co
Francis A. Drexel dies in Philadelphia.
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Drexel&co
1870s-1880s. Drexel and Morgan add twelve partners, chosen from vetted family and business partners. The Drexels are a rare business at the time where employees are given raises and slowly promoted to positions of leadership, including share of profits and/or partnership. For instance, Edward T. Stotesbury rose from an entry clerk of seventeen in 1866 to become a partner in 1882.
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Drexel&co
Drexel, Morgan, & Co., after years of Morgan funding Thomas Edison's research, helps merge several companies dealing with electricity into Edison General Electric Company.
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Drexel&co
Joseph W. Drexel retires from his position as a Drexel & Co. partner under J.P. Morgan at the New York firm, cutting ties with Morgan and Drexel's two brothers.
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Drexel&co
John Pierpont Morgan agrees to become the head of Drexel & Co.'s New York firm, which would be renamed as Drexel, Morgan, & Co. The branch opens in July. As Pierpont gains notoriety for his business dealings, Anthony Drexel is his constant counsel and mentor.
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Drexel&co
Founder Francis Martin Drexel dies at home in Philadelphia following a train car accident.
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Drexel&co
Late 1867. Under Anthony's direction, Joseph W. Drexel travels to Paris to open the new partner branch Drexel, Harjes & Co.
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Drexel&co
Drexel & Co. becomes heavily involved in financing the railroad industry through clients Pennsylvania Railroad, Lehigh Coal & Navigation Co. and the North Missouri Railroad.
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