The life of such a man affords lessons full of hope and encouragement to others. In 1856, when on a visit to Danvers, now named Peabody, in honor of him, its most distinguished son and greatest benefactor, he said:
"Though Providence has granted me an unvaried and unusual success in the pursuit of fortune in other lands, I am still in heart the humble boy who left yonder unpretending dwelling. There is not a youth within the sound of my voice whose early opportunities and advantages are not very much greater than were my own, and I have since achieved nothing that is impossible to the most humble boy among you."