He settled in Philadelphia as an artist, with probably little expectation of any future wealth. After nine years of work he went to Peru, Chili, and Mexico, and seems to have had good success in painting the portraits of noted people, General Simon Bolivar among them.
Returning to Philadelphia, he surprised his acquaintances by starting a bank in 1837. There were fears of failure from what seemed an inadequate capital and lack of knowledge of business; but Mr. Drexel was economical, strictly honest, energetic, and devoted to his work.
He opened a little office in Third Street, and placed his son Anthony, born Sept. 13, 1826, in the small bank. "While waiting on customers," says Harper's Weekly, "the boy was in the habit of eating his cold dinner from a basket under the counter." He was but a lad of thirteen, yet he soon showed a special fitness for the place by his quickness and good sense.
The bank grew in patrons, in reputation, and in wealth; and when Francis Drexel died, June 5, 1863, he had long been a millionnaire, had retired from business, and left the bank to the management of his sons.
Besides the bank in Philadelphia, branch houses were formed in New York, Paris, and London. "As a man of affairs," wrote his very intimate friend, George W. Childs, "no one has ever spoken ill of Anthony J. Drexel; and he spoke ill of no one. He did not drive sharp bargains; he did not profit by the hard necessities of others; he did not exact from those in his employ excessive tasks and give them inadequate pay. He was a lenient, patient, liberal creditor, a generous employer, considerate of and sympathetic with every one who worked for him....
ANTHONY J. DREXEL.
"He was a devoted husband, a loving parent, a true friend, a generous host, and in all his domestic relations considerate, just, and kind. His manners were finely courteous, manly, gentle, and refined. His mind was as pure as a child's; and during all the years of our close companionship I never knew him to speak a word that he might not have freely spoken in the presence of his own children. His religion was as deep as his nature, and rested upon the enduring foundations of faith, hope, and charity.
"He observed always a strict simplicity of living; he walked daily to and from his place of business, which was nearly three miles distant from his home. I was his companion for the greater part of the way every morning in these long walks; and as he passed up and down Chestnut Street, he was wont to salute in his cordial, pleasant, friendly manner, large numbers of all sorts and conditions of people. His smile was especially bright and attractive, and his voice low and sweet."
Mr. Drexel inherited his father's artistic tastes, and in his home at West Philadelphia, and at his country place, "Runnymede," near Lansdowne, he had many beautiful works of art, statuary, books, paintings, bronzes, and the like. He was also especially fond of music.