“The banking Cabots” must not be confused with any other branch of the
Cabots, of which there are many in Boston. All Boston Cabots are “nice
people,” many are distinguished in some way or other, and all are
distinctly worth while. But “the banking Cabots” have been deep in
finance from the very beginning, from the earliest of colonial times.
The salary of the Reverend Cotton Mather was paid to him by a Cabot, and
another Cabot banked whatever portion of it he saved for a rainy day.
In the Revolution a certain Galusha Cabot, progenitor of the line of
Galusha Cabots, assisted the struggling patriots of Beacon Hill to pay
their troops in the Continental army. During the Civil War his grandson,
the Honorable Galusha Hancock Cabot, one of Boston's most famous bankers
and financiers, was of great assistance to his state and nation in the
sale of bonds and the floating of loans. His youngest daughter, Dorothy
Hancock Cabot, married--well, she should, of course, have married a
financier or a banker or, at the very least, a millionaire stockbroker.
But she did not, she married John Capen Bangs, a thoroughly estimable
man, a scholar, author of two or three scholarly books which few read
and almost nobody bought, and librarian of the Acropolis, a library that
Bostonians and the book world know and revere.
The engagement came as a shock to the majority of “banking Cabots.” John
Bangs was all right, but he was not in the least “financial.” He was
respected and admired, but he was not the husband for Galusha Hancock
Cabot's daughter. She should have married a Kidder or a Higginson or
some one high in the world of gold and securities. But she did not, she
fell in love with John Bangs and she married him, and they were happy
together for a time--a time all too brief.
In the second year of their marriage a baby boy was born. His mother
named him, her admiring husband being quite convinced that whatever she
did was sure to be exactly the right thing. So, in order to keep up the
family tradition and honors--“He has a perfect Cabot head. You see it,
don't you, John dear”--she named him Galusha Cabot Bangs. And then, but
three years afterward, she died.
John Capen Bangs remained in Boston until his son was nine. Then his
health began to fail. Years of pawing and paring over old volumes amid
the dust and close air of book-lined rooms brought on a cough, a cough
which made physicians who heard it look grave. It was before the days
of Adirondack Mountain sanitariums. They told John Bangs to go South,
to Florida. He went there, leaving his son at school in Boston, but
the warm air and sunshine did not help the cough. Then they sent him to
Colorado, where the boy Galusha joined him. For five years he and the
boy lived in Colorado. Then John Capen Bangs died.
Public-domain text, read in full here on John Shaqi.
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