The first Drexels emigrated from Austria and settled in Philadelphia, where they went into banking. In 1871, A.J. Drexel admitted to his firm a young banker named J. Pierpont Morgan, creating Drexel, Morgan. Mr. Drexel died in 1893, and the firm became known as JP Morgan & Company or the House of Morgan.
Today’s Drexels, like their contemporaries, are a professional couple. She is a real estate broker for Stribling Associates here in Manhattan, and he is an investment banker. While they still have direct connections to Newport and Palm Beach which both their families have been visiting for more than a century, neither have an avid interest in the social life of those two resorts, other than their associations with old friends and family members.