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Peabody Education Fund : a Brief Sketch of George Peabody and a History of the Peabody Education Fund Through Thirty Years / by J.L.M

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Peabody Education Fund : a Brief Sketch of George Peabody and a History of the Peabody Education Fund Through Thirty Years / by J.L.M Peabody Education Fund : a brief sketch of George Peabody and a history of the Peabody Education Fund through thirty years / by J.L.M. Curry. Curry, J. L. M. (Jabez Lamar Monroe), 1825-1903. Cambridge : University Press, 1898. http://hdl.handle.net/2027/hvd.32044043553981 Public Domain, Google-digitized http://www.hathitrust.org/access_use#pd-google We have determined this work to be in the public domain, meaning that it is not subject to copyright. Users are free to copy, use, and redistribute the work in part or in whole. It is possible that current copyright holders, heirs or the estate of the authors of individual portions of the work, such as illustrations or photographs, assert copyrights over these portions. Depending on the nature of subsequent use that is made, additional rights may need to be obtained independently of anything we can address. The digital images and OCR of this work were produced by Google, Inc. (indicated by a watermark on each page in the PageTurner). Google requests that the images and OCR not be re-hosted, redistributed or used commercially. The images are provided for educational, scholarly, non-commercial purposes. Case I Shelf Lf- HARVARD UNIVERSITY. LIBRARY OF THE PEABODY MUSEUM OF AMEKIOAN AKCHaiOLOGY AND ETHNOLOGY. GIFT OF Received 2.3. ^.aj^.'l /r?r A BRIEF SKETCH OF GEORGE PEABODY. peaboftp education tfunD. A BRIEF SKETCH OF GEORGE PEABODY, AND A HISTORY OF THE PEABODY EDUCATION FUND THROUGH THIRTY YEARS. ' BY ' / . .... M. k'J. L. CURRY. CAMBRIDGE: UNIVERSITY PRESS: JOHN WILSON AND SON. 1898. lYIisc. ^ 311 Cu. RECEIVED, JUN23 1893 PEABOOY MUSEUM. TO THE TRUSTEES OF Wqt Peaboig lEUucatton jfunti, THROUGH WHOSE INTELLIGENT AND PATRIOTIC LABORS THE FUND HAS ATTAINED ITS GREAT USEFULNESS, AND WHO HAVE GIVEN TO THE GENERAL AGENTS SUCH HELPFUL AND GENEROUS CONFIDENCE, This Volume IS AFFECTIONATELY AND GRATEFULLY INSCRIBED. TRUSTEES OF THE PEABODY EDUCATION FUND. THE BOARD AS ORIGINALLY APPOINTED BY MR. PEABODY. •Hon. Robert C. W1nthrop .... Massachusetts. New York. •Right Rev. Charles P. McIlva1ne . Ohio. •General U. S. Grant United States Army. United States Navy. Virginia. Massachusetts. South Carolina. New York. North Carolina. •Charles Macalestf.r, Esq Pennsylvania. Washington. •Samuel Wetmore, Esq New York. •Edward A. Bradford, Esq. (resigned) . Louisiana. •George N. Eaton, Esq Maryland. George Peabody Russell, Esq. (resigned) Massachusetts. TRUSTEES OF THE PEABODY EDUCATION FUND. {Continued.') The vacancies created by death or resignation have been filled by the election of : — *Hon. Samuel Watson Tennessee. •Hon. A. H. H. Stuart (resigned) . Virginia. •General R1chard Taylor Louisiana. •Surgeon-General Joseph K. Barnes, U.S.A. Washington. •Chief-Justice Morr1son R. Wajte . Washington. Right Rev. Henry B. Wh1pple .... Minnesota. Hon. Henry R. Jackson (resigned) . Georgia. •Colonel Theodore Lyman (resigned) . Massachusetts. •Ex-President Rutherford B. Hayes . Ohio. •Hon. Thomas C. Mann1ng Louisiana. •Anthony J. Drexel, Esq Pennsylvania. Hon. Samuel A. Green Massachusetts. Hon. James D. Porter Tennessee. J. P1erpont Morgan, Esq New York. Ex-President Grover Cleveland . Neio Jersey. Hon. W1ll1am A. Courtenay South Carolina. •Hon. Charles Devens Massachusetts. •Hon. Randall L. G1bson Louisiana. Chief,Justice Melv1lle W. Fuller . Washington. Hon. W1ll1am W1rt Henry Virginia. Hon. Henderson M. Somervtlle . Alabama. Hon. W1ll1am C. End1cott (resigned) . Massachusetts. Hon. Joseph H. Choate New York. •George W. Ch11.ds, Esq Pennsylvania. Hon. Charles E. Fenner Louisiana. Dan1el C. O1lman, LL.D Maryland. Hon. George Peabody Wetmore . Rhode Island. •Hon. John Lowell Massachusetts. Hon. George F. Hoar Massachusetts. Hon. R1chard Olney Afassachusetts. Hon. J. L. M. Curry, Honorary Member and General Agent, jVo. 1736 M Street, Washington, D. C. (To whom communications may be addressed.) PREFACE. seemed to the writer that a History of the Peabody IT Education Fund would be very incomplete without a brief mention of the career and characteristics of the remarkable man by whose generosity it was founded. His life, both in this country and in England, although that of a successful man of business, had in it much to stimulate youth and excite patriotism. Scattered through many books may be found pleasant notices of what he did to benefit and please his countrymen. In President Felton's " Familiar Letters from Europe," I have just read an " account of his being a guest at a splendid and costly entertainment," given in 1853, at which Van Buren and " " " many very distinguished persons were present. It was really a most superb and rechercht dinner, with every luxury of earth, sea, and air; and, to crown the whole, a concert, in which the best musicians of the Italian opera — Grisi, Mario, etc. — performed." Several persons of each sex have kindly furnished some incidents, which are now, for the first time, put in print. The full History of the Fund is contained in the four published volumes of the Board, and in the subsequent an nual Reports. Much misapprehension as to the plans and purposes of the Trustees, and no little ignorance of the Foundation, exist, as is apparent from numerous inquiries X PREFACE. and misstatements. It seemed therefore appropriate to link together scattered details and give in the brief compass of a single volume what has been accomplished by this most remarkable of modern benefactions. For the use of the engraved portrait of Mr. Peabody, which serves as a frontispiece to this volume, the Trustees are indebted to the Massachusetts Historical Society, for one of whose volumes it was originally prepared. April, 1898. H ISTORY OF THE PEABODY EDUCATION FUND. CHAPTER I. N the 1 8th of February, 1795, in the south parish of V_/ old Danvers, five miles northwest of Salem, in Massachusetts, was born George Peabody. His parents, humble but respectable, were of English origin, Lieutenant Francis Peabody of St. Albans, England, who came to New England, in the ship "Planter," in 1635, being an ancestor.1 He attended, for a short time, the common village school, such as schools were from 1803 to 1807. At eleven, he was apprenticed as a shop-boy in a grocer's store, and received, as he said himself, "parental kindness and such instructions and precepts, by endeavoring to practise which in after life I attribute much of my suc cess." Wishing a wider field, he left the store and spent a year at Post Mills Village, Vermont. On his return he paid for a night's entertainment in Concord, N. H., by sawing wood the next morning. His attachment to Post Mills Village was shown by a visit late in life and the gift of a library. In 181 1, he went as clerk with his brother David, who kept a dry-goods store in Newburyport. Here he earned the first money he ever made, outside of his busi- 1 Proceedings of Mass. Historical Society, vol. xi. p. 25. 1 2 HISTORY OF THE PEABODY EDUCATION FUND. ness, by writing ballots for the Federal party, printed bal lots not being then in use. A fire destroyed the store and caused the failure in business of the brother; and so, at the age of sixteen, George was an orphan without money, employment, or influence. In May, 1812, he sailed for Georgetown, District of Columbia, with his uncle, and the two soon established themselves in busi ness. He showed such industry and capacity that in 1814, at nineteen, he became a partner with Mr. Elisha Riggs, the latter furnishing the capital and young Peabody supplying what was better, practical and astute manage ment of affairs. Beginning life very poor, he toiled as siduously for what he gained, and learned that economy and thrift which became a habit of his life, ingrained into his very nature, and made him, when he had amassed a fortune, refuse to yield to the exactions of those who pre " sumed upon his wealth. Free-handed generosity lay side by side with much tenacity of insistence on any right, small or great." When he was dispensing millions he in sisted, one day, on walking in London, because the cab man he called wanted more than his lawful fare. While engaged in his store, his active mind foresaw what was afterwards to be developed into the wonderful express- system, which reticulates our entire country. He offered to forward packages to Baltimore, and made an appeal to merchants and shippers for their patronage, and thus began a successful enterprise of parcel delivery. Of in dustrious nature, he had a contempt for the idle and the " profligate, was systematic in his work, and with thrifty " shrewdness and world-wisdom combined a talent for detail, which is of the essence of administration. The simple and frugal manner of living, necessitated by lim ited means, grew into fixed habits, confirmed tastes, even into some petty economics, which changed not when he was able to live luxuriously and indulge extravagant HISTORY OF THE PEABODY EDUCATION FUND. 3 fancies. To the end of a long life he preserved unblem ished the modest simplicity of life and manners formed in his youth. In 1815, the house of Riggs & Peabody was removed to Baltimore, and other houses were established in Philadelphia and New York. From change of partners, the name of the firm was changed to Peabody, Riggs & Company. He became deeply attached to Baltimore and Maryland, and was fond of recalling " the home of his early business and the scene of his youthful exertions." There, he gained the first $5,000 of the fortune with which Providence rewarded him, and in 1866, when welcomed to the city, he said with unconcealed emotion, " I never experienced from the citizens of Baltimore anything but kindness, hospitality, and confidence." Mr. Peabody first visited England in 1827 and made several voyages in the next ten years, to make pur chases of English goods for the firm; and, in 1829, Mr.
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