GEORGE PEABODY.
At eleven years of age George Peabody had to go out into the world to earn his living. His promptness and honesty won for him the esteem of his employer. At the age of fifteen he was left fatherless, without a dollar in the world. An uncle in Georgetown, D. C., hearing that the boy needed work, sent for him and gave him employment. His genial manner and respectful bearing gained him many friends. He never wounded the feelings of the buyer of goods, never seemed impatient, and was strictly honest in all his dealings. His energy, perseverance, and honesty made him a partner in the business when only nineteen years of age. At the age of thirty-five he became the head of a large and wealthy business, which his own industry had helped to build. He had bent his life to one purpose, to make his business a success.
Having visited London several times in matters of trade, he determined to make that city his place of residence. In 1837, there came a great business panic in the United States. Many banks suspended specie payments. Many mercantile houses went to the wall, and thousands more were in great distress. Faith in the credit of the United States was almost lost. Probably not one half dozen men in Europe would have been listened to for a moment in the Bank of England upon the subject of American securities, but George Peabody was one of them.
He became a wealthy man, honored at home and abroad. He loved his fellow-men and set himself the task of relieving their wants. He gave ten thousand dollars to help fit out the second expedition for the relief of Sir John Franklin. The same year, his native town of Danvers, Massachusetts, celebrated its centennial. The rich London banker was of course invited. He was too busy to be present but sent a letter. The seal was broken at dinner, and this was the toast it contained:
"Education—a debt due from present to future generations." In the same envelope was a check for twenty thousand dollars for a town library and institute. At another banquet given in his honor at Danvers, years afterward, he gave two hundred and fifty thousand dollars to the same institute. Edward Everett, and others, made eloquent addresses, and then the kind-faced, great-hearted man responded.
"There is not a youth within the sound of my voice whose early opportunities and advantages are not very much better than were mine. I have achieved nothing that is impossible to the most humble boy among you. Steadfast and undeviating truth, fearless and straight forward integrity, and an honor ever unsullied by an unworthy word or action, make their possessor greater than worldly success."
[Footnote: See the life of George Peabody, by Phebe A. Hanaford (Boston, 1882), and numerous articles in the cyclopedias and magazines.]