Francis Martin Drexel

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Francis Martin Drexel
Born April 7, 1792
Flag of Austria Austria
Died June 5, 1863
Flag of the United States Philadelphia
Occupation Banker
Spouse Catherine Hookey (1795-1870)
Children Anthony Joseph Drexel
Joseph William Drexel
Francis Anthony Drexel

Francis Martin Drexel (April 7, 1792June 5, 1863) was a Philadelphia banker and artist. He was the father of Anthony Joseph Drexel, the founder of Drexel University and the grandfather of Saint Katherine Drexel.

Drexel was born in Dornbirn, in the Austrian Tyrol in 1792. In 1803 he was sent to study Italian and the fine arts in a Catholic institution near Turin. When he returned in 1809 he found Austria invaded by the French, and to escape conscription he crossed the border into Switzerland and then went to Paris, France. In 1812 he returned to the Tyrol incognito. Conscription was still in force, so he went to Berne and continued his study of painting. He sailed for the United States in 1817, from Amsterdam, and settled in Philadelphia. After a few years, he went to Peru and Chile, painting portraits, including one of General Simon Bolivar. He visited South America twice, and went to Mexico. After his permanent settlement in Philadelphia, he founded the banking house of Drexel & Co. in 1837, which became one of the largest banks in the United States. The Paris firm, Drexel, Harjes & Co., was founded in 1868, and the New York firm, Drexel, Morgan & Co., in 1871.

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[edit] Death

Francis died in 1853 and was buried in The Woodlands Cemetery in Philadelphia, Pennsylvania.

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