George Peabody: A Biography by Franklin Parker

By Franklin Parker

Overseas service provider and financier, benefactor of various philanthropies either within the usa and England, and the 1st American to be named an honorary citizen of town of London, George Peabody by no means departed from the Puritan ideas of undefined, frugality, and humility wherein he was once reared. Born in 1795 to a Massachusetts relations of modest skill, Peabody got purely 4 years of formal schooling. He used to be making his personal method on the age of seventeen. by the point he used to be twenty-two, he had accrued greater than 40 thousand cash; while he used to be thirty-two his resources amounted to $85,000. After relocating to London in 1837, Peabody received a multi-million buck fortune via sensible investments and a name for impeccable honesty and integrity. it truly is for his philanthropies, although, that Peabody is healthier remembered. A bachelor, he determined early to dedicate himself to the help of deserving motives. The Peabody Institute in Baltimore is taken into account a forerunner of the varied foundations in the US at the present time. Peabody Institutes in different towns, Peabody Public Libraries, Peabody Museums of technological know-how, the Peabody Conservatory of track, and the Peabody houses for the "industrious bad" in London all owe their lifestyles to the benevolence of George Peabody. within the Southern states after the Civil conflict, he verified the Peabody schooling Fund, which made the loose schooling of all races a public legal responsibility. From this circulate emerged George Peabody university of Vanderbilt collage in Nashville, Tennessee, nonetheless considered as one of many most advantageous colleges of schooling during this nation. as well as an account of Peabody's accomplishments, this ebook bargains an image of Peabody the fellow - hisbroken engagement, his well-known Fourth of July banquets in London, his problems with gout, his fear over his nephew's extravagance, his misery concerning the Civil struggle - in addition to the air of secrecy of the Victorian society during which he lived. a brand new bankruptcy on Peabody's legacy, an up to date bibliogr

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Peabody's Concern with Science: Othniel Charles Marsh, 18621864 136 19. Retirement and a Letter from the Queen, 18641866 144 20. America Revisited and the Baltimore Institute, 18661867 151 21. The Creation of the Peabody Education Fund, 1867 160 22. Return to England, 18671868 168 23. Last Visit to the United States, 1869 174 24. Death, November 4, 1869 180 25. George Peabody's Legacy 188 George Peabody's Honors 203 An Essay on Sources 205 Sources of Extant Portraits, Photographs, and Illustrations 229 Bibliography 243 Index 267 Page ix Foreword George Peabody was one of a relatively small number of nineteenth-century Americans who made great fortunes and established impressive reputations by their own efforts and abilities.

David had opened a drapery shop in Newburyport, a larger town than Danvers, about twenty miles to the north. David Peabody and Company was doing quite well despite the embargo. David had built up connections with merchants in Boston and was sufficiently successful to need George's clerical assistance. George joined his brother in return for a small wage. He earned extra money at election time by writing ballots for the Federalist Party. The two brothers had an influential relative in Newburyport, Colonel John Peabody, who came from the more affluent branch of the family and was one of the important merchants in the town.

He gave employment to his brothers and their sons or found jobs for them whenever they needed such help. He faced family difficulties clamlyand there were many. Thomas, one of his younger brothers whom George had employed as a clerk, was irresponsible: he drank, gambled, and borrowed money frequently. Thomas went off to South America where he became ill and lost his job. He managed to return to America as a ship's clerk. He drifted from job to job, got into debt again, was dishonest in business matters even with his brother David, and finally died in April 1835 in his early thirties.

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