“George Peabody (1795-1869), Neglected Hero: Why and What You Should know about this Massachusetts-born Merchant in the South-Turned London, England-based U.S. State Securities-Bond-Broker-Banker (Root of the JP Morgan Banking Firm)-Turned 1860s Best Known Philanthropist in the English Speaking World,” by Franklin &Betty J. Parker, bfparker@frontiernet.net
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Two tributes to George Peabody (GP):
Historian John Steele Gordon called George Peabody the “Most Underrated Philanthropist…. Peabody is unjustly forgotten today, but his unprecedented generosity was greatly appreciated in his time.” Ref.: American Heritage. Vol. 50, No. 3 (May-June 1999), pp. 68-69.
“The Peabody Fund, established in 1867 by George Peabody to assist southern education, is often credited with being the first foundation….” Ref.: Reader’s Companion to American History, ed. by Eric Foner and John A. Garraty (Boston: Houghton Mifflin, 1991). Internet: http://HistoryChannel.com/
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(This article, based on sources and references at end, interweaves the origin of the authors’ research “On the Trail of GP,” with findings on his life, career, and influence).
1-Sept. 1946-52: We met as students at Berea College near Lexington, Ky. (Sept. 1946), Betty entering from Decatur, Ala.; Franklin from Asheville, N.C. Berea brought us together, led to our marriage (1950), and its Alumni Office got us our first teaching jobs at Ferrum Jr. College near Roanoke, Va., 1950-52.
2-To improve our teaching skills we attended George Peabody College for Teachers (GPCFT), sited next to Vanderbilt Univ., Nashville, Tenn., the summers of 1951 and 1952 and continuously through 1956. Previos attendance at Berea College, a work-study tuition-free college, enabled Franklin to extend his GI Bill entitlement (he served in the U.S. Army Air Forces, 1942-46) to help cover graduate study costs at the Univ. of Illinois, Urbana, 1949-50, and GPCFT, 1952-56, plus travel to and housing near U.S. and British libraries to read GP-related papers.
3-1952-56: A part-time job and small GPCFT scholarship for Franklin, together with Betty’s job teaching English in a Nashville business college, enabled us to be graduate students at GPCFT during 1952-56. Franklin took courses from and attached himself as doctoral candidate to Canadian-born Prof Clifton Landon Hall (1898-1987), graduate of Bishop Univ. (Quebec), McGill Univ. (Montreal), a Univ. of N.C., Chapel Hill, Ph.D. in the history of education, and widely respected on the Peabody and Vanderbilt campuses.
4-1953: Searching for a dissertation topic and finding an unexplored area in the history of higher education in Tenn., Franklin went for approval to GPCFT Dean (and later president) Felix Compton Robb (1914-97). Perhaps out of respect for Prof. Hall’s reputation, Dean Robb told Franklin of his own earlier experience at Harvard University. In a history course he had at Harvard under historian Arthur Schlesinger, Sr. (1888-1965), Schlesinger, knowing that Robb was a Peabody College administrator, urged Robb to write on GP as a founder of modern educational philanthropy. Schlesinger knew of this achievement and lamented that it had not yet been fully explored and documented.
5-Determined on a career in higher education administration, Robb chose a dissertation in that area. Perhaps regretting a good topic not pursued, Robb spoke with enthusiasm of GP’s little known role as the founder of U.S. educational philanthropy and urged Franklin to consider it as a dissertation topic.
Basic Facts:
6-GP in brief: Increasingly intrigued by what we found in libraries and encouraged by small scholarships, we read GP’s original letters and papers intensively in widely scattered U.S. and British depositories during 1953-55. He was born Feb. 18, 1795, into a poor branch of the Peabodys of Mass., third of eight children in Danvers, Mass., 19 miles northeast of Boston. He lived long enough to see his birthplace (renamed South Danvers in 1855 when Danvers was divided into North Danvers and South Danvers) renamed Peabody, Mass., in his honor on April 13, 1868.
7-He attended a district school 4 years, ages 8-12 (1803-07), all his parents could afford; was apprenticed in a general store 4 years, ages 12-15 (1807-10); and worked for a year in his oldest brother’s dry goods store in Newburyport, Mass. (1810-11). His father died May 13, 1811, leaving the family in debt, the Danvers home mortgaged, with GP’s mother and the five younger children forced to live with nearby relatives. Eighteen days later, May 31, 1811, the Great Fire of Newburyport ruined all business prospects, leading to an exodus of family breadwinners.
8-Paternal uncle John Peabody (1768-1827), whose Newburyport store and stock were burned, urged his 17-year old nephew GP to join him in opening a dry goods store in Georgetown, D.C. Because his uncle could not obtain credit, GP asked a Newburyport merchant to stand surety for him for a consignment of goods on credit from a Boston merchant. With $2,000 in goods secured, uncle and nephew sailed from Newburyport (May 5, 1812) and opened the Georgetown, D.C., store (May 15, 1812).
9-His uncle soon entered other enterprises. On his own GP tended the store and was also a pack peddler selling goods to nearby homes and stores. With nearby Washington, D.C., under threat of British attack, he volunteered in the War of 1812. There he met and impressed 35-year-old fellow soldier and experienced Md. merchant Elisha Riggs, Sr. (1779-1853). Riggs took the 19-year-old GP as junior partner in Riggs, Peabody & Co. (1814-29), which imported European fabric, clothing, and other goods for sale to U.S. wholesalers. The firm moved to Baltimore in 1815 and had warehouses in Philadelphia and New York City (NYC) by 1822. See: Riggs, Elisha, Sr.
Young Merchant in the South:
10-Taking early responsibility as family breadwinner, GP sent his mother and siblings flour, sugar, clothes, other necessities, and money. By 1816, age 21, he had paid the family debts and restored his mother and siblings to their home. Newburyport lawyer Ebon Mosely wrote GP on Dec. 16, 1816: “I cannot but be pleased with the filial affection which seems to evince you to preserve the estate for a Parent.” Ref.: Ebon Mosely, Newburyport, Mass., to GP, Baltimore, Dec. 16, 1816, Peabody Papers, PEM, Salem, Mass.
11-GP paid for the education at Bradford Academy, Bradford, Mass., of five younger relatives: brother Jeremiah, from 1819; sister Judith Dodge during 1821-27, sister Mary Gaines during 1822-27, cousin Adolphus W. Peabody (paternal uncle John’s son) during 1827, and a nephew named for him (oldest brother David’s son George), also during 1827. He bought a house in West Bradford for his relatives who were enrolled in the academy and where his mother also lived for several years.
12-He later paid for the education of other relatives: nephew Othniel Charles Marsh (1831-99), at Yale Univ., later the first U.S. paleontologist at Yale; nephew George Peabody Russell (1835-1909), Harvard-trained lawyer; niece Julia Adelaide Peabody (b. April 25, 1835), Philadelphia finishing school; and others.
13-GP traveled in the U.S. and abroad for Riggs, Peabody & Co. He made five European buying trips during 1827-37. When Elisha Riggs, Sr., withdrew to become a NYC banker, the firm became Peabody, Riggs & Co. (1829-48), with GP as senior partner and Riggs’s nephew, Samuel Riggs (d. 1853), as junior partner.
GP as Md.’s Fiscal Agent Abroad:
14-In 1836, as part of large scale internal improvements in many states (building roads, canals, and railroads), the Md. legislature voted to finance the Chesapeake and Ohio Canal and the B&O RR with interest-bearing state bonds to be sold abroad. Md. appointed three agents to sell its $8 million bond issue abroad. When one agent withdrew, GP sought and secured his place. He left for London Feb. 1837, just before the Panic of 1837.
15-A depression following the financial Panic of 1837 led the two other agents to return to the U.S. without success. GP remained in London the rest of his life (1837-69), 32 years, except for three U.S. visits (Sept. 15, 1856 to Aug. 19, 1857; May 1, 1866 to May 1, 1867; and June 8 to Sept. 29, 1869).
16-Depressed conditions after 1837 led nine states, including Md., to stop interest payments on their bonds sold abroad. GP had to sell the bonds in this depressed market and amid the angers of British and other European investors at the stoppage of interest payments. He publicly assured investors that repudiation was temporary, that payments would be retroactive. By letters, printed in newspapers, he urged officials in Md. and other defaulting states to retroactively resume interest payments.
17-GP was finally relieved to sell his part of the Md. bonds cheaply for exclusive resale by London’s Baring Brothers banking firm. In 1847-48 Md. officials acknowledged publicly that GP had upheld Md.’s credit abroad during a difficult financial panic and that, rather than burden the state treasury, had declined his own $60,000 commission. Md. Gov. Philip Francis Thomas (1810-90) transmitted Md. legislature’s resolutions of praise to him and wrote, “To you, sir…the thanks of the State were eminently due.” See: Md.’s $8 Million Bond Sale Abroad and GP.
From Merchant to London-based Banker:
18-Gradually curtailing business activities for Peabody, Riggs & Co., he withdrew his capital in 1843 and severed his connection in 1845 (the firm’s business ended in 1848). Coincidentally, he founded George Peabody & Co., London (Dec. 1, 1838-Oct. 1, 1864) and increasingly sold U.S. state bonds to finance roads, canals, and railroads. He succeeded in transition from merchant to investment banker.
19-With others he helped finance the second Mexican War loan; bought, sold, and shipped European iron and later steel rails for U.S. western railroads; and was a director and part- financier of the Atlantic Cable Co. He had learned to marshal capital to finance and expand U.S. business and industrial growth. In the 1850s he became the most eminent U.S. banker in London dealing in U.S. trade and securities.
20-George Peabody & Co. prospered. Asked in an interview on Aug. 22, 1869, how and when he made his money, GP said, “I made pretty much of it in 20 years from 1844 to 1864. Everything I touched within that time seemed to turn to gold. I bought largely of United States securities when their value was low and they advanced greatly.” Ref.: (Aug. 22, 1869, interview): Moorman-b, pp. 15-17.
J.S. Morgan, Sr. Partnership, son JP Morgan Connection:
21-Often ill and urged by business friends to take a partner, GP on Oct. 1, 1854, at age 59 took as partner Boston merchant Junius Spencer Morgan (1813-90). J.S. Morgan’s son John Pierpont Morgan (later Sr., 1837-1913), at age 19, began his banking career as NYC agent for George Peabody & Co. Increasing illness hastened GP’s retirement on Oct. 1, 1864. Unmarried, without a son, and knowing he would no longer control the firm, he asked that his name be withdrawn. See: Morgan, Junius Spencer.
22-GP’s was thus the root of the international banking house of J.P. Morgan, a fact amply recorded but not now generally known. His firm continued in London as J.S. Morgan & Co. (Oct. 1, 1864-Dec. 31, 1909), Morgan Grenfell & Co. (Jan. 1, 1910-Nov. 1918), Morgan Grenfell & Co., Ltd. (Nov. 1918-90), and Deutsche Morgan Grenfell (since June 29, 1990), a German-owned international banking firm. Relieved of business burdens GP spent the last five years of his life (1864-69) looking after his philanthropic institutions, first begun in 1852.
Philanthropist:
23-More intriguing than how GP made his money was why and how he gave it away. In 1820 he was worth between $40,000 and $50,000. His 1827 will left $4,000 for charity. His 1832 will left $27,000 (out of a $135,000 estate) for educational philanthropy. He early told intimates and said publicly in 1850 that he would found an educational or other useful institution in every town and city where he had lived and worked. He earned about $20 million during his lifetime and at his death (Nov. 4, 1869) he gave about half to philanthropy, half to his relatives. (Note: $20 million in 1869 is equivalent to $258.3 million In 2001 purchasing power: See: Philanthropy, GP’s, worth of, in Ref.: g. Internet. URL: http://www.eh.net/ehresources/howmuch/dollarq.php
24-His philanthropic gifts (26 gifts or resulting institutes are numbered below), totaled about $10 million. His seven U.S. Peabody institute libraries, with lecture halls and lecture funds were, like the Lyceums (from 1826) and later Chautauquas (from 1872), part of the adult education centers of the time.
25-His seven Peabody Institute libraries are in: 1-Peabody, 2-Danvers, 3-Newburyport, and 4-Georgetown (all in Mass.). The four-part 5-Peabody Institute of Baltimore (PIB) contained a reference library, initially so extensive that the Library of Congress early borrowed from it, plus an art gallery, a lecture hall a lecture fund, and a conservatory of music.
26-The PIB, to which he gave a total of $1.4 million, presaged such later cultural centers as the Lincoln Center, NYC; and the Kennedy Center, Washington, D.C. (the PIB reference library and the PIB conservatory of music became part of the Johns Hopkins Univ., from 1982). Other Peabody libraries are in 6-Thetford, Vt. and in 7-Georgetown, D.C. (now the Peabody Room of the Washington, D.C., public library.
27-Influenced by his nephew O.C. Marsh’s scientific interests and attainments, GP founded three Peabody museums of science: 8-the Peabody Museum of Archaeology and Ethnology at Harvard Univ. (anthropology); 9-the Peabody Museum of Natural History at Yale Univ. (paleontology), $150,000 each; and 10-what is now the Peabody Essex Museum, Salem, Mass. (maritime history plus Essex County historical documents), $140,000.
28-GP earlier gave the 11-Md. Institute for the Promotion of Mechanic Arts $1,000 for a chemistry laboratory and school, Oct. 31, 1851; 12-Phillips Academy, Andover, Mass., $25,000 for a professorship of mathematics, Oct. 30, 1866; 13-Kenyon College, Gambier, Ohio, $25,000 for a professorship of mathematics and civil engineering, Nov. 6, 1866; and 14-and to former Gen. Robert E. Lee’s (1807-70) Washington College (renamed Washington and Lee Univ., 1871), Lexington, Va., $60,000 for a professorship of mathematics, Sept. 1869.
29-He gave $20,000 publication funds each to the 15-Md. Historical Society, Baltimore, Nov. 5, 1866; and the 16-Mass. Historical Society, Boston, Jan. 1, 1867. He gave 17-the U.S. Sanitary Commission to aid Civil War orphans, widows, and disabled veterans $10,000, 1864; and the 18-Vatican charitable San Spirito Hospital, Rome, Italy, $19,300, April 5, 1867.
30-He had a 19-Memorial Congregational Church built in his mother’s memory in her hometown, Georgetown, Mass., $70,000, 1866. For patriotic causes he donated to the 20-Lexington Monument, now Peabody, Mass., $300, 1835; the 21-Bunker Hill Memorial, Boston, Mass., $500, June 3, 1845; and the 22-Washington Monument, Washington, D.C., $1,000, July 4, 1854.
Peabody Homes of London, 1862:
31-His largest gift, $2.5 million total, was for model low rent apartments for London’s working poor. Begun on March 12, 1862, what is now 23-the Peabody Trust Group, London, GP’s most successful philanthropy, on March 31, 2006 owned or managed over 20,000 affordable homes housing over 50,000 low income Londoners (about 59% white, 32% black, and 9% others in 2002). These include, besides Peabody Trust Group-built estates, other London public housing units whose authorities deliberately chose to come under the Peabody Trust Group because of its efficient management, facilities, playgrounds for the young, recreation for the elderly, computer centers, job training, and job placement for its working adults. Ref.: Peabody Trust Group, London-c, annual report, 2002 (and later reports). Ref.: g. Internet. “Peabody Buildings,” URL: http://www.vauxhallsociety.org.uk/Peabody.html
32-The Peabody Homes of London, GP’s most successful philanthropy, was first suggested by social reformer Lord Shaftesbury (1801-85). GP first (1859) considered and discarded the idea of building a network of drinking fountains in London. He then considered a large gift to enlarge the Ragged Schools Union, a charitable trust managing schools for poor children in England, administered by Lord Shaftesbury (before the establishment of tax supported schools). GP asked his friend, Ohio’s Episcopal Bishop Charles Pettit McIlvaine (1799-1873), who knew Shaftesbury, to consult with him. McIlvaine reported Shaftesbury’s advice that housing was the London poor’s greatest need. This advice determined GP’s gift of low cost model apartments. The Peabody Homes of London inspired imitators elsewhere in England and in the U.S. and brought GP many honors in England.
Peabody Education Fund (PEF), 1867:
33-GP’s most in19,fluential U.S. gift was the $2 million 23-PEF (1867-1914) to promote public education in the eleven former Confederate states plus W.Va., added because of its poverty. He actually gave the PEF $3,484,000, but $1.1 million in Miss. state bonds and $384,000 in Fla. bonds were never redeemed by those states.
34-For 47 years the PEF helped promote public schools in the devastated post Civil War South, focusing first on aiding existing public elementary and secondary schools in larger towns to serve as models, then aiding teacher training institutes and normal colleges, and finally aiding rural public school growth.
35-The PEF was without precedent, the first multimillion dollar educational foundation in the U.S., cited by historians as the model forerunner of all subsequent significant U.S. educational funds and foundations. See: PEF.
36-High offices held by the over 50 PEF trustees during 1867-1914 included: thirteen state legislators, two U.S. Supreme Court Chief Justices, six U.S. ambassadors, eight U.S. Senators, seven in the U.S. House of Representatives, two Civil War generals, one U.S. naval admiral, one U.S. Army Surgeon-Gen., three Confederate generals, three who served in the Confederate Congress, two bishops, and six U.S. cabinet officers. For names, See: Governors, U.S. States, and GP. PCofVU. PEF. Presidents, U.S., and GP.
37-Other high offices held by PEF trustees: three were U.S. presidents (U.S. Grant, Rutherford B. Hayes, and Grover Cleveland; or eight U.S. presidents if Peabody Normal College and its predecessor institutions are included), six were U.S. state governors, and three were financiers: J.P. Morgan; Anthony Joseph Drexel (1826-93), inspired by GP’s example to found Drexel Univ., Phila., and Paul Tulane (1801-87), inspired to found Tulane Univ., New Orleans, La. Ref.: Ibid.
Peabody Normal College, Nashville, TN
38-PEF first administrator Barnas Sears (1802-80) wanted a model teachers college for the South in Nashville. When the Tenn. legislature declined to pass funding legislation for several state normal school proposals, Sears through the PEF helped establish the PEF-supported 24-Peabody Normal College (1875-1911) on the Univ. of Nashville campus in place of its moribund Literary Dept. In its 36 years of existence, Peabody Normal College achieved regional and national leadership in the professional preparation of teachers.
39-GP’s PEF founding letter (Feb. 7, 1867) permitted ending the fund when its work in promoting public schools in the South was done. In 1914 the trustees distributed the fund’s total assets ($2,324,000) as follows: $474,000 went to the education departments of 14 southern universities ($40,000 each to the universities of Va., N.C., Ga., Ala., Fla., Miss., Ark., Ky., and La. [State]; $6,000 each to Johns Hopkins Univ. and to the universities of S.C., Mo., and Tex.; $90,000 to Winthrop Normal College, S.C. (now Winthrop College), founded by PEF trustees Pres. Robert Charles Winthrop (1809-94); and $350,000 to the John F. Slater Fund for Negro Education (a sum given later to the Southern Education Fund, Atlanta, where it still serves African-American education). See: PCofVU. PEF. Southern Education Fund, Atlanta.
George Peabody College For Teachers GPCFT), Nashville, TN:
40-Most of the PEF principal, $1.5 million plus required matching funds, went to endow 25-GPCFT (1914-79), with a new campus built next to Vanderbilt Univ. for academic strength. For 65 years GPCFT maintained its independence, cooperating with neighboring Vanderbilt Univ. in courses, programs, and library facilities. GPCFT was in fact a unique mini-university, focused on teacher education in a variety of fields, with departments of library science, physical education, science education, and music education. It retained and enhanced its predecessor’s reputation as a leading institution in the South, with national recognition and an international student body.
41-GPCFT’s best graduates became state university presidents, deans, leading professors, researchers, and textbook writers. Its success thereby strengthened competing lower cost state university colleges of education and ironically contributed to its own demise. National recession in the 1970s combined with higher energy and other costs adversely affected higher education and particularly private colleges of education.
Peabody College of Vanderbilt University (PCofVU)m, Since July 1, 1979:
42-Wise Peabodians knew that the time was past for the survival of a private single purpose teachers college like GPCFT, despite its proud history, high regional reputation, and national and international influence. Merger took place on July 1, 1979, when GPCFT became 26-PCofVU, Vanderbilt Univ.’s. ninth school.
43-PCofVU soon increased the status of its predecessor institutions as a leading private southern university’s college of education. It quickly led the nation in preparing teachers to apply computers to student learning. Since the 1990s it has consistently ranked among the top U.S. graduate schools of education, highly esteemed in preparing special education teachers, guidance counselors, and educational researchers. Ref.: “Best Graduate Schools,” pp. 109, 111.
44-PCofVU’s history thus goes back to Davidson Academy (1785-1806), chartered by N.C. eleven years before Tenn. statehood; rechartered as Cumberland College (1806-26); rechartered as the Univ. of Nashville (1826-75); whose moribund literary dept. was rechartered as Peabody Normal College (1875-1911; rechartered as GPCFT (1914-79); renamed PCofVU (since July 1, 1979). PCofVU’s lineage of over 210 years makes it the 15th U.S. collegiate institution after the founding of Harvard College in 1636.
45-Faced with greater class and race divisions and with greater financial difficulties than counterpart colleges in other sections of the U.S., it rose phoenix-like again and again to produce educational leaders for the South, the nation, and the world. As part of Vanderbilt Univ., PCofVU carried into the 21st century GP’s motto accompanying his check for his first hometown Peabody Institute Library (1852): “Education, a debt due from present to future generations.”
GP’s Philanthropic Influence:
46-GP’s philanthropic example, mainly through the PIB and the PEF, directly and personally influenced Enoch Pratt (1808-96) to found the Enoch Pratt Free Library, Baltimore’s public library; influenced Johns Hopkins (1795-1873) to found the Johns Hopkins Univ., hospital, and medical school in Baltimore; influenced Anthony Joseph Drexel to found Drexel Univ., Philadelphia; influenced Paul Tulane to found Tulane Univ., New Orleans; and influenced others who gave to institutions, funds, and foundations.
47-At his death, Nov. 4, 1869, age 74, GP was the best known philanthropist in the U.S. and Britain, a founder of U.S. educational philanthropy. But time, larger fortunes, wealthier funds and foundations have dimmed his memory, except at his institutes and among interested scholars.
48-We did research on GP in 1953-56, sporadically since, and again in retirement since 1994, always impressed with his achievements and wondering why he has been so neglected. We read GP- papers of the following individuals at the Library of Congress (LC), Washington, D.C.: a-William Wilson Corcoran (1798-1888), business associate with whom GP helped finance the Second Mexican War loan (Corcoran is also known for donating the Corcoran Art Gallery in Washington, D.C.). b-Hamilton Fish (1809-93), PEF trustee, N.Y. governor, and U.S. Secty. of State involved in GP’s unusual 96-day transatlantic funeral.
49-We read the LC papers of c-John Work Garrett (1820-84), B&O RR president, who brought GP and Johns Hopkins together in his home near Baltimore, leading to the founding of Johns Hopkins Univ., Hospital, and Medical School. d-We read the LC papers of U.S. Pres. Andrew Johnson (1808-75) who went to GP’s rooms at the Willard’s Hotel, Washington, D.C., Feb. 9, 1867, to thank him for the PEF as a national gift. To forestall impeachment by radical Republicans bent on punishing the defeated South, Pres. Johnson’s political advisor recommended a complete cabinet reshuffle with GP as Treasury Secty. But loyalty to his old cabinet kept Pres. Johnson from this course.
50-We read the LC papers of e-Benjamin Moran (1820-86), U.S. Legation in London Secty. (later called the U.S. Embassy), who during 1857-69 was often critical of GP in his private journal. f-We read the LC papers of the Riggs family, including Elisha Riggs, Sr., GP’s first senior partner; Samuel Riggs (Elisha Riggs, Sr.’s, nephew), GP’s second partner; and George Washington Riggs (1813-81, Elisha Riggs, Sr.’s son) who started the Riggs National Bank of Washington, D.C.
51-At the National Archives, Washington, D.C., we read a-”Veterans Records of the War of 1812″ documenting GP’s 14 days as a soldier, b-”Admirals and Commodores’ Letters,” c-”Dispatches from United States Ministers, Great Britain,” and d-”Log of USS Plymouth,” each documenting GP’s unusual 96-day transatlantic funeral (from his Nov. 4, 1869, death in London, to his final burial in Harmony Grove Cemetery, Salem, Mass., Feb. 8, 1870, with much attendant press coverage.
52-In NYC’s Pierpont Morgan Library we read the papers of J.S. Morgan, his son J.P. Morgan, Sr., and grandson J.P. Morgan, Jr. (1867-1943). These helped explain how GP, the founding root of the House of Morgan, along with a handful of other merchant-bankers, early learned to marshal foreign capital to help finance U.S. industrial growth.
53-In Mass. we read the bulk of GP’s personal papers and business records (then not indexed or calendared) in what is now the Peabody Essex Museum, Salem. We also read his papers in depositories in Peabody, Salem, Danvers, and Boston, Mass.; at Harvard’s Peabody Museum of Archaeology and Ethnology; and in Yale’s Peabody Museum of Natural History (which has his nephew Othniel Charles Marsh’s papers).
54-In Baltimore, where GP spent 22 of his most formative commercial years, 1815-37, we read his papers at the PIB, and the papers and journals of PIB trustee John Pendleton Kennedy (1795-1870) who, at GP’s request for a cultural center for Baltimore, originally conceived of the idea of the PIB. In Baltimore we also read appropriate material in the Johns Hopkins Univ. Library and the Enoch Pratt Free Library, whose founders, as mentioned, GP directly influenced. See: John Pendleton Kennedy and institutions mentioned.
55-Two travel difficulties were solved in Baltimore. We needed inexpensive passage to London. Ben Welsh, under whom Betty worked in the Berea College Labor Office (he was a part time travel agent), got us a low cost berth on a transatlantic ship. To safely store our old car, the Ruckdeshells, in whose Baltimore house we roomed (secured through the Johns Hopkins Univ. student housing), phoned a friend with an empty garage who helped us raise our car on blocks for four months’ storage.
Our Research In England:
56-London: Sept.-Dec. 1954: We registered as student researchers at the Univ. of London and rented an inexpensive “bed-sitter through student housing. Our daily pattern was an early breakfast of bread, peanut butter, fruit, and milk (with the outside window ledge our “fridge”), which preceded morning research in libraries. Lunch at a nearby bustling pub was followed by afternoon library research until closing time. An occasional restaurant supper treat preceded nighttime arranging of notes. We managed some Sunday and holiday visits to cultural sights and events. We survived the cold London winter nights of 1954 by huddling close to a space heater, feeding it shilling coins to keep it going,
57-At London’s British Museum Manuscript Division we read PM William E. Gladstone’s (1809-98) cabinet minutes, Nov. 10, 1869, showing the decision, first suggested by Queen Victoria, to use Britain’s newest and largest warship, HMS Monarch, to return GP’s remains from England for burial in the U.S.
Alabama Claims:
58-HMS Monarch was deliberately chosen as funeral ship partly because of the public attention it would draw and partly to honor his philanthropy in the U.S. and especially in London. His gift that most warmed English hearts and brought him many British honors was his 1862 $2.5 million gift for low-cost apartments for London’s working poor. There was also a political motive for the choice of HMS Monarch, as there was for unusual British (and later U.S.) pomp and ceremony surrounding his unprecedented 96-day transatlantic funeral. See: Peabody Homes of London. Death and Funeral, GP’s.
59-GP died at the height of unresolved U.S.-British angers over serious incidents during the U.S. Civil War. One lingering anger was over the Sept. 1861 Trent Affair. Four Confederate agents seeking arms and aid in England and France slipped through a Union blockade of Charleston, S.C., sailed to Havana, Cuba, and then boarded the British mail ship Trent for England when a Union warship stopped, boarded, removed, and jailed the Confederates.
60-Britain furiously protested this illegal seizure and sent troops to Canada should war erupt between the U.S. and Britain. Calmer heads prevailed; Pres. Lincoln had the Confederates released. Also, Confederate agents secretly bought British-built ships, armed them as Confederate raiders, like the CSS Alabama, which wrecked or sank Union ships and cost U.S. lives and vast treasure. The U.S. offered proof that Britain knowingly turned a blind eye to the sale of these raiders and angrily sought indemnity.
61-Choice of HMS Monarch was thus a political decision to soften near-war British-U.S. angers over these and other Civil War incidents. Politically astute PM Gladstone at the Nov. 9, 1869, Lord Mayor’s Day banquet, five days after GP’s death, said publicly: “With the country of Mr. Peabody we [will] not quarrel.” Three years later (1872), a Geneva international court required Britain to pay the U.S. $15.5 million indemnity to settle the Alabama Claims controversy.
62-At London’s Guildhall Record Office we read a-”Journals of the Court of Common Council” recording the Freedom of the City of London honor given to GP, July 10, 1862. We also read b-”Minutes of the Committee for Erecting a Statue to Mr. George Peabody, 1866-1870,” documenting contributors to GP’s seated statue in Threadneedle St., near London’s Royal Exchange, created by U.S.-born Rome-based sculptor William Wetmore Story (1815-95), unveiled before crowds by the Prince of Wales (later Edward VII, 1841-1910), July 23, 1869.
63-A replica of GP’s seated statue in London was erected in front of the PIB, April 7, 1890, by Baltimorean Robert Garrett (1847-96). GP’s seated statue in London, 1869, was the first of four statues of Americans in London, the others being of Abraham Lincoln, 1920; George Washington, 1921; and Franklin Delano Roosevelt, 1948.
64-At London’s Public Record Office we read a-”Alien Entry Lists” recording every time GP entered a British port, b-”Foreign Affairs Papers,” and c-”Admiralty Papers,” the last two documenting Britain’s part in GP’s unusual 96-day transatlantic funeral.
65-In London’s Westminster Abbey we read a-”Recollections by Dean [Arthur P.] Stanley of Funerals in Westminster Abbey 1865-1881.” Visiting in Naples, Italy, when he read of GP’s death in London on Nov. 4, 1869, Dean Stanley (1815-81) recalled GP’s March 12, 1862, gift for housing London’s working poor and telegraphed associates to offer Westminster Abbey for a funeral service for this generous American.
66-We read the Westminster Abbey’s b-”Funeral Fee Book 1811-1899,” which listed GP’s Abbey funeral costs. c-We stood at the permanent GP marker on the stone floor of Westminster Abbey near Britain’s unknown soldier where GP’s remains rested for 30 days (Nov. 12-Dec. 11, 1869). That marker was refurbished for the 200th GP birthday ceremony at Westminster Abbey on Feb. 18, 1995.
67-To honor his housing gift to London’s working poor, GP was made an honorary member of two ancient guilds, the Clothmakers’ Co., July 2, 1862, and the Fishmongers’ Co., April 19, 1866, whose records we read in the respective guild libraries.
68-At the Royal Archives, Windsor Castle, we read letters from Queen Victoria and her advisors to, from, and about GP. The Queen offered him a knighthood. He declined, since this honor required him to become a British subject. Unwilling to give up his U.S. citizenship he accepted instead her letters of thanks and an enameled miniature portrait she commissioned to be made especially for him. That portrait, along with his other honors, are on display at the Peabody Institute Library, Peabody, Mass.
69-We read the three brass signs on the front door of Morgan, Grenfell & Co., Ltd., 23 Great Winchester St., London, which read from bottom to top: George Peabody & Co., 1838-64; J.S. Morgan & Co., 1864-1909); and Morgan Grenfell & Co. (1909-90). The firm’s current descendant, Deutsche Morgan Grenfell (since June 29, 1990), has records of George Peabody & Co. and some business papers of GP, J.S. Morgan, and J.P. Morgan, Sr. We secured a copy of GP’s death certificate from London’s General Register Office, Somerset House.
70-Turning pages of heavy dusty bound newspaper volumes at the British Library at Colindale, we found many contemporary articles about GP, especially of his elaborate U.S.-British friendship dinners in or near London from 1850 onward, most often on July 4th, U.S. Independence Day.
71-We wrote letters to British newspaper editors asking readers for any privately held GP letters or memorabilia. Two families had “George Peabody” embossed glass plates made by a souvenir glassware manufacturer in Sunderland, England, in the aftermath of his widely publicized death and 96-day transatlantic funeral. We donated GP glassware given us to U.S. Peabody institutions.
72-When first proposed for membership in exclusive British clubs, GP was denied membership (blackballed). This occurred during repudiation of interest on U.S. state bonds sold to British investors, many held by widowed families. Americans were then especially disdained. When it became known that GP had publicly protested repudiation, and particularly after his gift for housing London’s working poor, he was unanimously elected to London’s best clubs.
73-We read of GP’s admission to the most prestigious of these clubs, The Athenaeum, whose librarian Eileen Stiff (d. 1985) befriended us. We met her housemate, writer Margaret Leland Goldsmith (1895-1970), whose invaluable editorial help is mentioned later. We also visited a Peabody apartment complex where some 34,500 low income Londoners still live.
Back in the U.S.: Founders Day Address, Feb. 18, 1955:
74-We returned to the U.S., loaded our old car in Baltimore with voluminous notes and microfilm, and headed for Nashville. There, David E. Short (1891-1957), president of the Nashville business school where Betty had taught English in exchange for a near-free apartment, generously let us live there again (paying whatever rent we could afford). His generosity plus part time jobs enabled us, on evenings, weekends, and holidays, to organize our voluminous GP materials. This task was suddenly hastened when GPCFT Pres. Henry H. Hill (1894-1987) asked Franklin to give the GPCFT’s Founders Day Address on Feb. 18, 1955, the first such address by a student.
75-Pressed now to succinctly tell the GP story, Franklin’s speech to a Peabody College audience highlighted GP’s career, U.S.-British friendship dinners, philanthropic influence, death in London, and unprecedented 96-day transatlantic funeral. This speech opportunity would not have happened if Dean Felix Robb had not first suggested the GP research; or if GPCFT Prof. Clifton Hall as major professor had not been widely respected on the Peabody and Vanderbilt campuses (such backing was needed by an unknown untried doctoral researcher); or if Franklin not kept his five doctoral committee members abreast of findings by regular research progress reports. Doors of opportunity swung on such tiney hinges.
76-Franklin highlighted GP’s last illness, death, and funeral: A sick 74-year-old GP joined business friend W.W. Corcoran at White Sulphur Springs, W.Va., a popular mineral springs health spa (July 23-Aug. 30, 1869). Present there by chance were southern and northern political, educational and former Civil War leaders, including Robert E. Lee (1807-70), then president of Washington College, Lexington Va., renamed Washington and Lee Univ. in 1871.
77-Though confined to his cabin, GP yet heard some of the gayety of younger visitors who flocked to a Peabody Ball spontaneously held in his honor. On his few well days he and Lee walked, talked, and dined together, often applauded by visitors. GP and Lee were photographed together and with others, including visiting Civil War generals from South and North. Informal talks that last summer of GP’s life were on southern public education needs. These set a precedent for later more formal Conferences on Education in the South, 1898-1902, which in turn led to vast foundation aid which helped raise southern public schools and higher education toward national levels.
78-Distressed by the Civil War, GP in Nov. 1861 had helped two of Pres. Abraham Lincoln’s emissaries contact leaders in London to keep Britain neutral: Ohio’s Episcopal Bishop Charles Pettit McIlvaine (mentioned earlier as GP’s emissary to Lord Shaftesbury) and N.Y. state journalist and political leader Thurlow Weed (1797-1882), both GP’s long-time friends.
79-After GP’s death, when he was attacked as a Confederate sympathizer, Thurlow Weed publicly vindicated GP’s Union loyalty (which McIlvaine also affirmed). Some northern extremists, determined to punish the South, faulted GP for founding the PIB in Md. (1857) and the PEF (1867), both seen as aiding the South. Weed reported that the $2 million that went into the PEF GP originally intended (in 1859) to give to the NYC poor. But NYC public schools had prospered and the Civil War had intervened. Moved by Civil War devastation, GP determined to aid public education in the South.
80-Congress and Pres. U.S. Pres. Andrew Johnson recognized GP’s PEF as a national gift. as did, Forty seven years later, GPCFT Pres. Bruce R. Payne’s (1874-1937) Feb. 18, 1916 Founders Day speech thus imaginatively interpreted GP’s PEF founding letter, Feb. 7, 1867, to ten of his 16 trustees gathered at Willard’s Hotel, Washington, D.C.: “There stand several governors of states both North and South; senators of the United States; Ulysses S. Grant and Admiral Farragut. [Chief trustee Robert C.] Winthrop is called to take the chair. Mr. Peabody rises to read his deed of gift. They kneel in a circle of prayer, the Puritan of New England, the pioneer of the West, the financier of the metropolis, and the defeated veteran of the Confederacy. [On] bended knee they dedicate this great gift. They consecrate themselves to its wise expenditure. In that act, not quite two years after Appomattox, is the first guarantee of a reunited country.” See: PEF.
81-GP gave Lee’s college Va. bonds ultimately worth $60,000 for a mathematics professorship, left for Salem, Mass., made his funeral plans, recorded his last will in NYC, and arrived in London gravely ill. Through aides, Queen Victoria invited GP to recuperate at Windsor Castle. But it was too late. He died Nov. 4, 1869, at the 80 Eaton Square (London) home of business associate Sir Curtis Lampson (1806-85). See: Death and Funeral, GP’s.
82-Knowing that GP’s will required burial in Mass., Lampson telegraphed GP’s nephew George Peabody Russell, who left for England to accompany GP’s body home. Letters poured in to London newspapers asking for public honors for GP. The Queen’s advisor, Sir Arthur Helps, informed her: “There are many persons who wish to pay public respect to the memory of that good man.” See persons mentioned.
83-When PM Gladstone, at Queen Victoria’s suggestion, offered HMS Monarch as funeral ship to transport GP’s remains to the U.S., Pres. U.S. Grant and U.S. Navy officials, not to be outdone, ordered the USS Plymouth from Marseilles, France, to act as escort vessel. Boston and NYC officials, believing that their cities would be the receiving port, were chagrined when Portland, Maine, was chosen because of its deeper harbor. The U.S. Navy placed Adm. David G. Farragut in charge of a flotilla of U.S. receiving vessels in Portland harbor. GP’s funeral took on unprecedented proportions.
84-U.S. London Legation Secretary Benjamin Moran’s private journal entries reflected the consternation at mounting funeral plans. He wrote on Nov. 6, 1869: “Peabody haunts the Legation from all parts of the world like a ghost.” Again on Dec. 6, 1869: “Old Peabody has given us much trouble,” and, “Will that old man ever be buried?” See: Moran, Benjamin.
85-Although critical of GP in his private journal through the years, at the last, Benjamin Moran, witnessing GP’s Nov. 12, 1869, Westminster Abbey funeral service, was wondrously touched. He wrote with rare eloquence: “I reflected on the marvelous career of the man, his early life, his penurious habits, his vast fortune, his magnificent charity; and the honor then being paid to his memory by the Queen of England in the place of sepulchre of twenty English kings. An anthem was sung and the service end[ed]–George Peabody having received burial in Westminster Abbey, an honor coveted by nobles and not always granted kings.” Ibid.
86-The Dec. 12, 1869, transfer of the coffin from London’s Westminster Abbey to Portsmouth, England, harbor took place in pouring rain and a blowing storm. British Marines formed an honor guard. Scarlet-robed Portsmouth council members under black umbrellas mingled oddly with lines, spars, and beams of assembled ships. Guns were fired. Bugles sounded.
87-U.S. Minister to Britain John Lothrop Motley (1814-77) said to the Monarch’s Capt. John E. Commerell (1829-1901): “Into your hands I deliver Mr. Peabody’s remains.” The Monarch at Spithead Harbor, Portsmouth, awaited the end of the gale then blowing for the long voyage home.
88-British honors evoked some dissent in the U.S. One Union extremist said that returning “Peabody’s remains on a British ship of war [is an] insult. Peabody was a secessionist.” The charge, often made, was as often denied. In 1866 GP told a Baltimore audience: “My sympathies were with the Union. Three-fourths of my property was invested in United States Government and State securities. I saw no hope except in Union victory. But I could not turn my back on Southern friends.” A few radical anti-southern Congressional extremists, erroneously believing GP to have favored the Confederacy, argued against a U.S. Navy reception for his remains at Portland. They were outvoted. Both houses of Congress finally approved unanimously.
89-HMS Monarch and the USS Plymouth were met in Portland harbor, Jan. 25, 1870, by Adm. Farragut and a flotilla of U.S. ships. At Queen Victoria’s request and as a final measure of British respect, GP’s remains lay in state on the Monarch for two days. Thousands of visitors who flocked to Portland went by small boats to view his coffin aboard the Monarch. On Jan. 29, 1870, a cold New England winter’s day, Monarch seamen carried the coffin ashore. Drums sounded a muted roll. The band played the somber Death March.
90-Hushed crowds filed by his coffin lying in state in Portland’s City Hall where, on Feb. 1, 1870, The Messiah was sung, Mozart’s Requiem was played. In the bitter cold, thousands watched black plumed horses pull the hearse through Portland streets to the railway station. Many others watched en route and as the funeral train reached GP’s hometown.
91-His coffin was taken to the Peabody Institute, Peabody, Mass., where it lay in state for viewing in the Peabody library. On display there were Queen Victoria’s enameled miniature portrait made especially for him, the U.S. Congressional Gold Medal and resolutions of praise for the PEF, scrolls of the Freedom of the City of London, scrolls of honorary memberships in the Fishmongers’ and Clothworkers’ Companies, and other honors.
92-The coffin was taken to the Congregational Church for the last funeral service and the eulogy. Special trains from Boston brought solemn crowds to his hometown. The Congregational Church was filled to capacity. All eyes were on Queen Victoria’s son Prince Arthur (Duke of Connaught, 1850-1942) and his entourage, captains of the Monarch and the Plymouth, Massachusetts and Maine governors, Harvard Univ. Pres. Charles W. Eliot, mayors of six nearby cities, and trustees of GP’s institutes.
93-Eulogist Robert Charles Winthrop (1809-94), GP’s philanthropic advisor, said of him in part: “What a career this has been whose final scene lies before us! The trusts he established, the institutes he founded, the buildings he raised stand before all eyes. He planned these for many years. When I expressed amazement at his purpose, he said to me, ‘Why Mr. Winthrop, this is no new idea for me. From the earliest of my manhood, I have contemplated some such disposition of my property; and I have prayed my heavenly Father day by day, that I might be enabled, before I died, to show my gratitude for the blessings which He has bestowed upon me by doing some great good for my fellow-men.’”
94-GP’s underlined words above are carved on the Westminster Abbey floor marker where his remains had rested for 30 days (Nov. 12-Dec. 11, 1869). He was buried in Harmony Grove Cemetery, Salem, Mass., Feb. 8, 1870, near where he played as a boy and where he built the family tomb. The 96-day funeral was over. Two nations had given his funeral a rare touch of grandeur.
GP the Founder of Modern Philanthropy:
95-Franklin Parker’s dissertation, “George Peabody, Founder of Modern Philanthropy,” documented these PEF firsts: 1-The PEF was the first US foundation to require the stimulating effect of matching local grants for schools it aided or founded; 2-the first to require state legislation to perpetuate state financial support of its aided schools; 3-the first multimillion dollar foundation recognized as national rather than local; and 4-the first to provide operational flexibility as conditions changed.
96-Other PEF firsts included: 5-the first U.S. foundation to elect trustees from professional and financial circles; 6-the first deliberately to use public relations to foster public acceptance and good will; 7-the first whose executives were former university officials (Barnas Sears of Brown Univ; JLM Curry of Howard College, Ala.); 8-the first to allow its trustees to disband after its job was done and distribute its assets as they saw fit (when dissolved in 1914, PEF assets endowed George Peabody College for Teachers, Nashville, next to Vanderbilt Univ.; funded education departments of 14 southern universities and colleges; and gave its residue to the Slater Fund for Negro colleges).
97-Historians have written the following on the PEF’s influence: 1-Charles William Dabney: [The Aug. 1869 GP-Lee meeting] inspired the Four Conferences on Education in the South from which emerged the Southern Education Board and [John D. Rockefeller's] General Education Board. 2-Abraham Flexner: There was the closest cooperation among, and interlocking officers and trustees of, the PEF, the Southern Education Board, the General Education Board, the Samuel F. Slater Fund, the Anna T. Jeanes Foundation, and the Rosenwald Fund.
98-Historians on the PEF’s influence (cont’d): 3-Paul H. Buck: [the PEF was]: a fruitful experiment in harmony and understanding between the sections. 4-Thomas D. Clark: [the PEF] worked as an education leaven. 5-Harvey Wish: no kindness touched the hearts of the Southerners quite so much as Peabody’s educational bequest. 6-Jesse Brundage Sears: [the PEF was] the first successful precedent-setting educational foundation. 7-Daniel Coit Gilman: all subsequent foundations adopted the principles Peabody formulated.
99-Franklin’s GPCFT’s Founders Day Address, Feb. 18, 1955, documented that in their 47-years existence PEF executives and trustees pioneered the heartbeat of American educational philanthropy—using private wealth judiciously and experimentally as a lever to tackle key educational and socio-economic problems, the results if good serving as models for other agencies and governments to emulate. GP’s hope and money made this influence possible. In appreciation and to attest to his influence, southern communities have given his name to a score of streets, avenues, elementary and secondary schools, university education buildings, hotels, and at least one park. GP built better than he knew. See: Peabody, George (1795-1869), Named Institutions, Firms, Buildings, Ships, Other Facilities; Music and/or Poems Named for GP.
100-With Franklin’s speech given and handsomely printed, with the GP dissertation accepted, graduation followed in Aug. 1956. Through the years we went to teaching posts at the Univ. of Texas, Austin (1957-64); Univ. of Oklahoma, Norman (1964-68); W.Va. Univ. (1968-86), and (after retirement), Northern Arizona Univ., Flagstaff (1986-89), and Western Carolina Univ., Cullowhee (1989-94).
101-Over the years we did other research, wrote other books, and wrote and published GP articles (listed fully below). We submitted to several publishers “George Peabody, Founder of Modern Philanthropy,” (Nashville: George Peabody College for Teachers, 1956), 3 vols, 1,209 pp. These were returned as needing pruning and focus.
Franklin Parker, George Peabody, a Biography:
102-In May 1970, GPCFT Public Relations Director John E. Windrow (1899-1984) brought together prominent New England Peabodys for a Nashville dinner conference at which Franklin spoke. The new Vanderbilt Univ. Press director, in attendance, asked to see a revised GP manuscript. This welcome request threw us into a frenzy of revision. Unexpected but welcome help came from London Athenaeum Club librarian Eileen Stiff’s friend, Margaret Leland Goldsmith, a professional writer. She and Eileen had befriended us through the years. Margaret’s editorial suggestions helped turn the dissertation into a readable 233 page book.
103-Thus, 14 years after completing the GP dissertation, Franklin Parker’s George Peabody, a Biography (Nashville: Vanderbilt Univ. Press, 1971), was published. Twenty-four years later, for GP’s 200th birthday, Feb. 18, 1795-1995, a revised and updated version was republished with 12 illustrations added. Earlier, also for GP’s 200th birthday, our 22 previously published GP articles were reprinted in a special bicentennial issue, “The Legacy of George Peabody,” Peabody Journal of Education, Fall 1994, 210 pp.
GP’s Motives:
104-We long pondered GP’s philanthropic motives, strengths, weaknesses, and especially why he is he so little known today. His chief motive may have been his 1852 motto: “Education, a debt due from present to future generations.” His motive may also have been to compensate for his own lack of formal education.
105-In 1831 he replied to a nephew who asked his financial help to attend Yale College (GP’s underlining): “Deprived, as I was, of the opportunity of obtaining anything more than the most common education, I am well qualified to estimate its value by the disadvantages I labour under in the society [in] which my business and situation in life frequently throws me, and willingly would I now give twenty times the expense attending a good education could I now possess it, but it is now too late for me to learn and I can only do to those who come under my care, as I could have wished circumstances had permitted others to have done by me.”
106-His motive may been simply to succeed. He said in an 1856 speech: “Heaven has been pleased to reward my efforts with success, and has permitted me to establish a house in the great metropolis of England. I have endeavored to make it an American house, to give it an American atmosphere, to furnish it with American journals; to make it a center for American news, and an agreeable place for my friends visiting London.”
107-His motive may have been to gain honors, so abundant in his last years. After death he was elected to the New York Univ. Hall of Fame in 1900, where a bust of him was unveiled in 1926. His likeness was put on a large bronze door intended for the U.S. Capitol Building. Bicentennial programs were held on the 200th anniversary of his birth (1795-1995) at Harvard, Yale, in Nashville; in Danvers and in Peabody, Mass.; at the PIB; and at Westminster Abbey, England, where the marker at his temporary grave was refurbished.
108-Disappointment in love may have driven him. Late in life a business friend congratulated him on being the greatest philanthropist of his time. GP reportedly replied, “After my disappointment long ago, I determined to devote myself to my fellow-beings, and am carrying out that decision to my best ability.”
109-This “disappointment” may have been an early failed romance with Elizabeth Knox of Baltimore to whom he is said to have proposed twice. There is also a documented broken engagement to Esther Elizabeth Hoppin (1819-1905) of Providence, R.I. She visited London for young Queen Victoria’s coronation (June 28, 1838). As a school girl she had earlier been infatuated with Alexander Lardner in Philadelphia. GP met her in London, fell in love, and proposed marriage. Returning to the U.S. she again met Lardner, realized her engagement to GP was a mistake, broke their engagement, married Lardner, had two children, and outlived GP by 35 years. Her portrait painted in Philadelphia by artist Thomas Sully shows her in all her beauty.
GP’s Strengths:
110-We long pondered GP’s strengths. On this point his first partner Elisha Riggs, Sr. wrote in his last letter to GP (April 17, 1852): “You always had the faculty of an extraordinary memory and strong mind which enabled you to carry out your plans better than almost any other man I ever knew…. [To] these happy faculties I attribute much of your prosperity. [Unusual] perseverance enabled you to rise to an extraordinary position…” See: Riggs, Elisha, Sr.
111-Economic historian Muriel E. Hidy’s wrote thus of GP’s strengths: “He [GP] had a vigorous personality, and, in spite of a humble origin, apparently found little difficulty in moving in prominent circles. An ability to attract firm friends among his business contemporaries gave him many useful connections….He benefited by the confidence which as a young man he had awakened in Elisha Riggs [Sr.]. Later his amiability brought him close association with “[leading U.S. business men: William Shepard Wetmore, John Cryder, and Curtis Miranda Lampson, and William Wilson Corcoran….].” See: persons named.
112-John Bright, British statesman, wrote in his diary (June 4, 1867): “Mr. Peabody is a remarkable man. He is 74 years old, large and has been powerful of frame. He has made an enormous fortune, which he is giving for good objects–chiefly for education in America and for useful purposes in London. He has had almost no schooling and has not read books, but has had much experience, and is deeply versed in questions of commerce and banking. He is a man of strong will, and can decide questions for himself.” See: John Bright.
Old Age Irritations:
113-We also pondered his faults. Gout, rheumatism, and other ailments in old age sometimes made him irritable, crotchety, and abrupt. On July 14, 1869, four months before his death, he complained irritably to the trustees of his first Peabody Institute, Peabody, Mass.: “You spend too much. You spend too much.” Soon brightening he said smilingly, “Well, well, I must give you $50,000 more to get you out of trouble. And I must say that none of my foundations have given me so much satisfaction as this one at my native place.”
114-In his last decade he was incredible busy looking after his philanthropies and seeing friends and relatives. He was also set in his ways. The daughter of a business friend wrote of his autocracy in old age during his 1866-67 U.S. visit.: ‘The precision of business habits and a long old bachelor hood, combined with constitutional shyness, caused Mr. Peabody, at times, to appear to disadvantage…. He had himself accomplished so much that he felt [his] wishes…should become instantaneous facts–his small due from those around him….. [T]he ruthless serenity with which [he] countermanded luncheon and advanced the dinner hour to meet business exigencies…dismay[ed]…the hearts of the most devoted hostesses. I do not suppose Mr. Peabody ever thought of giving trouble, and certainly no one ever thought of remonstrating.”
Why His Fleeting Fame?:
115-Mostly we pondered why GP, so lauded in his last years, has been largely forgotten. This may be due to the fleeting nature of fame. Each generation chooses its heroes who rise, flourish, are replaced, and often forgotten. This view is suggested by historian John Steele Gordon whose article, “Most Underrated Philanthropist,” American Heritage, Vol. 50, No. 3 (May-June 1999), pp. 68-69 reads in part: “Peabody is unjustly forgotten today, but his unprecedented generosity was greatly appreciated in his time.”
Our Grand Adventure:
116-As researchers, looking back, we marvel at the good fortune, helpful people, and unusual turning points that enabled us to find and pursue a neglected American hero. We were 1930s depression children, the first in our families enabled to attend college in the booming aftermath of World War II that ended and altered so many lives.
117-Newly married, without children, seeking challenges–when the GP research opportunity fell our way, we saw he was worth pursuing. We were uncertain innocents, willing to take risks. We made mistakes and were often rescued by friends and fate. In retrospect being “On the Trail of GP” intermittently over the last 50 years has been a grand adventure.
Authors’ Publications on GP:
Dissertation:
Franklin Parker, Ed. D. Dissertation, “George Peabody, Founder of Modern Philanthropy,” (Nashville: George Peabody College for Teachers, 1956), 3 vols., 1219 pp. Sold (information may have changed) as Doctoral Dissertation No. 19,758, microfilm or hard copy, University Microfilms, 300 N. Zeeb Rd., Ann Arbor, MI 48106-1346 (Phone 1-800-521-0600 or 313-761-4700, FAX 313-973-1540). See:Dissertation Abstracts, XVII, No. 8 (Aug. 1957), pp. 1701-1702.
Books:
1-Franklin Parker, George Peabody, A Biography. Nashville: Vanderbilt University Press, 1971, 233 pp. Although out of print 1-there is a microform reprint in CORE [Collected Original Resources in Education], IX, 3 [Nov. 1985], Fiche 7 D10 (CORE is a British miroform journal) and 2-microfilm & print versions were also sold by Books on Demand, University Microfilms, 300 N. Zeeb Rd., Ann Arbor, MI 48106-1346 [ask for LC79-15,7741, O-8357-3261-4,2039482]). The 1971 version was recorded on 2 audio cassettes, read by narrator Bruce Bortz at the Maryland State Library, held by the Maryland State Library for the Blind and Physically Handicapped, Book Number Md-PH (MDC334), less Chap. 25 “GP’s Legacy”; “An Essay on Sources”; “Sources of Extant Portraits, Photographs, and Illustrations;” and without the Index.
2-Franklin Parker, George Peabody, A Biography. Nashville: Vanderbilt University Press, Feb. 1995, 278 pp., revised & updated (out of print since Jan. 2002 but still avilable amazon.com and other major booksellers).
Encyclopedias:
1-(With Betty J. Parker), “Peabody Education Fund in Tennessee (1867-1914).” Tennessee Encyclopedia of History & Culture (Nashville: Tennessee Historical Society, 1998), pp. 725-726.
2-Franklin Parker, “George Peabody (1795-1869), Merchant, Banker, Creator of the Peabody Education Fund, and a Founder of Modern Philanthropy,” Encyclopedia of Notable American Philanthropists, ed. by Robert T. Grimm, Jr. (Greenwood Press & Oryx Press for Indiana Univ. Center for Philanthropy in the U.S., 2003), pp. 242-246.
3-Franklin Parker, “George Peabody (1795-1869),” Encyclopedia of Philanthropy in the United States. Edited by Dwight Burlingame (Greenwood Press and Oryx Press, for Indiana Univ. Center on Philanthropy, 2003), pp. ?-?.
Journal Issue:
Franklin Parker, “Legacy of George Peabody: Special Bicentenary Issue” [reprint of 21 articles],Peabody Journal of Education, LXX, No. l (Fall 1994), 210 pp., published as ISBN: 0805898956, by Lawrence Erlbaum Associates, sold by Peabody Journal of Education, Peabody College of Vanderbilt University, 113 Payne Hall, Post Office Box 41, Nashville, Tenn. 37203, Phone: (615) 322-8963. $15 for individuals, $8 each for 40+ copies. Also sold at: http://www.amazon.co.uk/ Price: £14, paperback , 216 pages (1996).
Pamphlet:
Franklin Parker, George Peabody (1795-1869), Founder of Modern Philanthropy. Nashville, Tenn.: George Peabody College for Teachers of Vanderbilt University, 1956.
Chapter in Book:
Franklin Parker, “George Peabody (1795-1869), Founder of Modern Educational Philanthropy: His Contributions to Higher Education,” pp. 71-99 in Academic Profiles in Higher Education. Edited by James J. Van Patten. Lewiston, NY: Edwin Mellen Press, 1992.
Articles in Journals, Since 1955:
1-”Founder Paid Debt to Education,” Peabody Post, VIII, No. 8 (Feb. 10, 1955), p. 1.
2-”The Girl George Peabody Almost Married,” Peabody Reflector, XXVII, No. 8 (Oct. 1955), pp. 215, 224-225.
3-”George Peabody and the Spirit of America,” Peabody Reflector, XXIX, No. 2 (Feb. 1956), pp. 26-27.
4-”On the Trail of George Peabody,” Berea Alumnus, XXVI, No. 8 (May 1956), p. 4.
5-(With Walter Merrill), “William Lloyd Garrison and George Peabody,” Essex Institute Historical Collections, XCV, No. 1 (Jan. 1959), pp. 1-20.
6-”George Peabody and Maryland,” Peabody of Journal of Education, XXXVII, No. 3 (Nov. 1959), pp. 150-157.
7-”An Approach to Peabody’s Gifts and Legacies,” Essex Institute Historical Collections, XCVI, No. 4 (Oct. 1960), pp. 291-296.
8-”Robert E. Lee, George Peabody, and Sectional Reunion,” Peabody Journal of Education, XXXVII, No. 4 (Jan. 1960), pp. 195-202.
9-”George Peabody and the Search for Sir John Franklin, 1852-1854,” American Neptune, XX, No. 2 (April 1960), pp. 104-111.
10-”Influences on the Founder of the Johns Hopkins University and the Johns Hopkins Hospital,”Bulletin of the History of MedicineXXXIV, No. 2 (March-April 1960), pp. 148-153.
11-”George Peabody’s Influence on Southern Educational Philanthropy,” Tennessee Historical Quarterly, XX, No. 2 (March 1961), pp. 65-74.
12-”Maryland’s Yankee Friend–George Peabody, Esq.,” Maryland Teacher, XX, No. 5 (Jan. 1963), pp. 6-7, 24. Reprinted in Peabody Notes (Spring 1963), pp. 4-7, 10.
13-”The Funeral of George Peabody,” Essex Institute Historical Collection, XCIX, No. 2 (April 1963), pp. 67-87. Reprinted: Peabody Journal of Education, XLIV, No. 1 (July 1966), pp. 21-36.
14-”The Girl George Peabody Almost Married,” Peabody Notes, XVII, No. 3 (Spring 1964), pp. 10-14.
15-”George Peabody, 1795-1869, Founder of Modern Philanthropy,” Peabody Reflector, XXXVIII, No. I (Jan.-Feb. 1965), pp. 9-16.
16-”George Peabody and the Peabody Museum of Salem,” Curator, X, No. 2 (June 1967), pp. 137-153.
17-”To Live Fulfilled: George Peabody, 1795-1869, Founder of George Peabody College for Teachers,” Peabody Reflector, XLIII, No. 2 (Spring 1970), pp. 50-53.
18-”On the Trail of George Peabody,” mn, XLIV, No. 4 (Fall 1971), pp. 100-103.
19-”George Peabody, 1795-1869: His Influence on Educational Philanthropy,” Peabody Journal of Education, XLIX, No. 2 (Jan. 1972), pp. 138-145.
20-”Pantheon of Philanthropy: George Peabody,” National Society of Fund Raisers Journal, I, No. 1 (Dec. 1976), pp. 16-20.
21-”In Praise of George Peabody, 1795-1869,” CORE (Collected Original Resources in Education), XV, No. 2 (June 1991), Fiche 5 AO2.
22-”George Peabody (1795-1869), Founder of Modern Educational Philanthropy: His Contributions to Higher Education,” CORE (Collected Original Resources in Education), XVI, No. 1 (March 1992), Fiche 11 D06.
23-”Education Philanthropist George Peabody (1795-1869), Founder of George Peabody College for Teachers, Nashville, and the Peabody Library and Conservatory of Music, Baltimore (Brief History).”CORE (Collected Original Resources in Education), XVIII, No. 1 (March 1994), Fiche ?. Abstract in Resources in Education.
24-(With Betty J. Parker), “George Peabody’s (1795-1869) Educational Legacy,” CORE (Collected Original Resources in Education), XVIII, No. 1 (March 1994), Fiche 1 C05. Abstract in Resources in Education, XXIX, No. 9 (Sept. 1994), p. 147 (ERIC ED 369 720). (Note: Resources in Educationabstracts documents published in ERIC (Educational Resources Information Center) since 1966 by the U.S. Department of Education, sold in microform in hard copy).
25-(With Betty J. Parker), “Educational Philanthropist George Peabody (1795-1869), George Peabody College for Teachers, Nashville, and the Peabody Library and Conservatory of Music, Baltimore (Brief History),” CORE (Collected Original Resources in Education), XVIII, No. 1 (March 1994), Fiche 3 A10. Abstract in Resources in Education, XXX, No. 5 (May 1995), pp. 133-134 (ERIC ED 378 070). Same inJournal of Educational Philosophy & History, XLIV (1994), pp. 69-93.
26-”Educational Philanthropist George Peabody (1795-1869): Photos and Related Illustrations in Printed Sources and Depositories,” CORE (Collected Original Resources in Education), XVIII, No. 2 (June 1994), Fiche 1 D1Z; abstract in Resources in Education, XXX, No. 6 (June 1995), p. 149 (ERIC ED 397 179).
27-”The Legacy of George Peabody: Special Bicentenary Issue” [reprints 22 article on George Peabody], Peabody Journal of Education, LXX, No. 1 (Fall 1994), 210 pp.
28-”Educational Philanthropist George Peabody and Peabody College of Vanderbilt University: Dialogue with Bibliography,” CORE (Collected Original Resources in Education), XVIII, No. 3 (Dec. 1994), Fiche 2 E06.
29-(With Betty J. Parker). “A Forgotten Hero’s Birthday [George Peabody]: Lion and the Lamb,”Crossville Chronicle, (Tenn.) Feb. 22, 1995, p. 4A.
30-(With Betty J. Parker). “America’s Forgotten Educational Philanthropist: A Bicentennial View,”CORE (Collected Original Resources in Education), XIX, No. 1 (March 1995), Fiche 7 A11. Abstract inResources in Education, XXXI, No. 12 (Dec. 1996), p. 161 (ERIC ED 398 126).
31-(With Betty J. Parker). “Educational Philanthropist George Peabody (1795-1869) and the Peabody Institute Library, Danvers, Massachusetts: Dialogue and Chronology,” CORE (Collected Original Resources in Education), XIX, No. 1 (March 1995), Fiche 7 B01.
32-(With Betty J. Parker). “George Peabody (1795-1869); Merchant, Banker, Philanthropist,” CORE (Collected Original Resources in Education), XX, No. 1 (March 1996), Fiche 9 B01. Abstract inResources in Education, XXXI, No. 3 (March 1996), p. 169 (ERIC ED 388 571).
33-(With Betty J. Parker). “On the Trail of Educational Philanthropist George Peabody (1795-1869): A Dialogue.” CORE (Collected Original Resources in Education), XX, No. 3 (Oct. 1996), Fiche 13 B07.
34-(With Betty J. Parker). “Educational Philanthropist George Peabody (1795-1869) and First U.S. Paleontology Prof. Othniel Charles Marsh (1831-1899) at Yale University.” CORE (Collected Original Resources in Education), XXII, No. 1 (March 1998), Fiche 7 A04.
35-(With Betty J. Parker). “Educational Philanthropist George Peabody (1795-1869) and U.S.-British Relations, 1850s-60s.” CORE (Collected Original Resources in Education), XXII, No. 1 (March 1999), Fiche 1 A05. Also abstract in Resources in Education, XXXV, No. 6 (May 2000), p. ? (ERIC ED 436 444).
36-(With Betty J. Parker). “Educational Philanthropist George Peabody’s (1795-1869) Death and Funeral.” CORE (Collected Original Resources in Education) and Abstract in Resources in Education(ERIC ED). Accepted and to appear soon.
37-(With Betty J. Parker). “George Peabody A-Z,” CORE (Collected Original Resources in Education), Vol. 23, No. 3 (Oct. 1999), Fiche 11 C10.
38-(With Betty J. Parker). “U.S. Medical Education Reformers Abraham Flexner (1866-1959) and Simon Flexner (1863-1946) .” Abstract in Resources in Education, XXXVI, No. 1 (Jan. 2001), p. 160 (ERIC ED 443 765).
39-(With Betty J. Parker). “General Robert E. Lee (1807-70) and Philanthropist George Peabody (1795-1869) at White Sulphur Springs, West Virginia, July 23-Aug. 30, 1869.” Abstract in Resources in Education, XXXVI, No. 2 (Feb. 2001), p. 184 (ERIC ED 449 17).
40-(With Betty J. Parker). “Forgotten George Peabody (1795-1869); Massachusetts-born Merchant, London-based Banker, Philanthropist. His Life, Influence, and Related People, Places, Events: A Handbook,” 1243 pp. Abstract in Resources in Education, Vol. XXXVI, No. 3 (March 2001), p. 122 (ERIC ED 445 998).
End.
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