Following the Civil War, Anthony and Ellen built, as their family home, an ornate, 45-room Italianate mansion on a large property-three quarters of the block bounded by 38th, 39th, Walnut, and Locust Streets-where they raised their nine children. Drexel, despite his wealth, was the son of an immigrant and sometimes excluded from the traditional “old money” society of Philadelphia. He and his wife, Ellen Rozét Drexel, chose to distance themselves socially from the city’s blueblood families by residing in “WP,” the upper class’s pejorative moniker for the ethnically diverse area west of the Schuylkill (the elite character of Drexel’s neighborhood, notwithstanding). ĭrexel himself continued to live and work in Philadelphia as the head of Drexel and Company, commuting daily on horseback from his home in West Philadelphia to the firm’s offices at Third and Chestnut Streets. Morgan and Company the Morgan firm would finance the formation of the United States Steel Corporation, among other transformative corporate-industrial giants. Pierpont Morgan to form the New York-based investment bank Drexel, Morgan and Company, which, following Drexel’s death in 1893, was reorganized as J.P. In 1871, Anthony Drexel affiliated with the young J. One of the nation’s most influential financiers in the decades after the Civil War, Anthony Drexel was the senior partner in the Philadelphia investment firm Drexel and Company (the House of Drexel), which Drexel’s father, Francis, an immigrant from the Austro-Hungarian Empire, had founded in 1847.
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