It is a strange coincidence that Baltimore, which had profited so greatly from George Peabody's philanthropy, should also be the object of that of Johns Hopkins. The latter was of Quaker stock, was raised on a farm, and at the age of seventeen became a clerk in his uncle's grocery store at Baltimore. He soon accumulated enough capital to go into business for himself, first as a grocer, then as a banker, and finally as one of the backers of the Baltimore & Ohio Railway. In 1873, he gave property valued at four and a half millions to found in the city of Baltimore a hospital, which, by its charter, is free to all, regardless of race or color; and three and a half millions for the endowment of Johns Hopkins University, which, opened in 1876, has grown to be one of the most famous schools of law, medicine and science in the country.
Another Quaker, Ezra Cornell, is also associated with the name of a great university. Reared among the hills of western New York, helping his father on his farm and in his little pottery, the boy soon developed considerable mechanical genius, and at the age of seventeen, with the help of only a younger brother, he built a new home for the family, a two-story frame dwelling, the largest and best in the neighborhood. He soon struck out into the world, engaged in businesses of various kinds with varying success, but it was not until he was thirty-six years old that he found his vocation.
It was at that time he became associated with S. F. B. Morse, who engaged him to superintend the erection of the first line of telegraph between Washington and Baltimore. Thereafter he devoted himself entirely to the development of the new invention; succeeded, after many rebuffs and disappointments, in organizing a company to erect a line from New York to Washington, and superintended its construction. It was the first of many, afterwards consolidated into the Western Union Telegraph Company, which, for many years, held a monopoly of the telegraph business of the country, and which made Ezra Cornell a millionaire. He himself was well advanced in years, and finally retired from active life, buying a great estate near Ithaca, New York, where he lived quietly, devising a method for the best disposition of his great fortune.
He at last decided to found an institution "where any person can find instruction in any study." Work was begun at once, and in 1868, Cornell College was formally opened, over four hundred students entering the first year. The founder's gifts to this institution aggregated over three millions. Many other bequests followed, which have made Cornell one of the most liberally-endowed colleges in the country. Froude, the great English historian, visited it on one occasion, and afterwards said:
"There is something I admire even more than the university, and that is the quiet, unpretending man by whom it was founded. We have had such men in old times, and there are men in England who make great fortunes and who make claim to great munificence; but who manifest their greatness in buying great estates and building castles for the founding of peerages to be handed down from father to son. Mr. Cornell has sought for immortality, and the perpetuity of his name among the people of a free nation. There stands his great university, built upon a rock, to endure while the American nation endures."
The next great benefaction we have to record is, in some respects, unique. John Fox Slater was born in Slatersville, Rhode Island, in 1815. He was the son of Samuel Slater, proprietor of the greatest cotton-mills in New England, and he naturally succeeded to the business upon his father's death. The business prospered, receiving a great impetus from the invention of the cotton-gin, and Slater's wealth increased rapidly.
He had, on more than one occasion, visited the south and seen the negroes at work in the cotton fields. As time went on, the idea grew in his mind that he should do something for these poor laborers to whom, indirectly, his own fortune was due, and in 1882, he set aside the sum of one million dollars for the purpose of "uplifting the lately emancipated population of the Southern States, and their posterity." For this gift he received the thanks of Congress. No part of the gift is spent for grounds or buildings, but the whole income is spent in assisting negroes in industrial education and in preparing them to be the teachers of their own race. By the extraordinary ability of the fund's treasurer, it has been increased to a million and a half, although half a million has been expended along the lines contemplated by the donor. This, with the Peabody fund, comprises a powerful agency in working out the difficult problem of negro education.
The fortunes of such men as Peabody and Cornell and Hopkins and Peter Cooper seem small enough to-day when compared with the gigantic aggregations of money which a few men have succeeded in piling up. Not all of them, by any means, devote their wealth to philanthropy. Here, as in England, there are men concerned only with the idea of building up a family and a great estate; but there are a few who have labored as faithfully to use their wealth wisely as they did to accumulate it.
First of them is Leland Stanford, born in the valley of the Mohawk, studying law, and moving to Wisconsin to practise it, but losing his law library and all his property by fire, and finally joining the rush to the newly-discovered California gold-fields, where he arrived in 1852, being at that time twenty-eight years old. After some experience in the mines, he decided that there were surer ways of getting gold than digging for it, and set up a mercantile business in San Francisco, which grew rapidly in importance and proved the foundation of a vast fortune. He was the first president of the Central Pacific Railroad, and was in charge of its construction over the mountains, driving the last spike at Promontory Point, Utah, on the tenth of May, 1869. He was prominent in the politics of state and nation, being elected to the United States Senate in 1885.