Morgan, Harjes & Co.

In 1871, with the formation of Drexel, Morgan & Co., together with J. Pierpont Morgan, the company became the French affiliate of an international banking firm with offices in London, Philadelphia, New York City and Paris that would subsequently become J.P. Morgan & Co. Just three years after its formation, Drexel Harjes played a significant role in the aftermath of the Franco-Prussian War.

Drexel Harjes supervised the transfer of the $50 million, which the United States paid to France to acquire its interests in the Panama Canal allowing the United States to begin work on the canal in 1904.

Again in World War I, Morgan Harjes was actively involved, helping the Allied nations secure loans in order to purchase military supplies from manufacturers in the United States.

After Harjes' death, John Ridgeley Carter, a former American diplomat who became a partner in 1914, became senior partner of the firm.

[4] That fall, the firm was renamed Morgan & Cie.[5] During World War II, Morgan & Cie Incorporated was the only bank with ties to Allied nations[6] that remained open during the occupation of Paris.