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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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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
A new Drexel & Co. building, designed by Gustavus Runge, opens at 22 S. 3rd Street in Philadelphia, blocks from where Francis opened his brokerage house fourteen years before.
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Drexel&co
A new Drexel and Company building designed by Day and Klauder, architects, in an Italian Renaissance palazzo manner, is constructed at 43 S. 15th Street in Philadelphia. Drexel & Co. occupies the building until 1943.
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Drexel&co
A turning point for Drexel & Co. Anthony and Francis are made partners at their father's brokerage house. Drexel & Co. helps the U.S. government finance the Mexican War through the sale of Treasury bonds.
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After five years of decline, Drexel Burnham Lambert declares bankruptcy and is dissolved. From 1986 onward, two directors were charged with insider trading. The firm faced charges by the Securities and Exchange Commission and pled guilty to stock parking and manipulation.
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Anthony J. Drexel assumes a head leadership role in 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
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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Drexel & Co. come to New York, joining an established Wall Street house that became VanVleck, Read, Drexel & Co.
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