Great Fortunes, and How They Were MadeMcCabe, James Dabney
History
Great Fortunes, and How They Were Made
McCabe, James Dabney
United States -- Biography
It is not often that men who pass their lives in the acquisition of
money are able to retain the desire to give it to others who have had no
share in the earning of it. In European countries, the wealthy merchant
commonly uses his fortune for the purpose of founding a family, and
securing sometimes a title of nobility. His wealth is entailed, that it
may remain in his family and benefit remote generations; but few save
those of his own blood enjoy any benefit from it, and the world is no
better off for his life and success than if he had never been born. In
America, instances of personal generosity and benevolence on a large
scale are of more common occurrence than in the Old World. We have
already borne witness to the munificence of Girard, Astor, Lawrence,
Longworth, and Stewart, and shall yet present to the reader other
instances of this kind in the remaining pages of this work. We have now
to trace the career of one who far exceeded any of these in the extent
and magnitude of his liberality, and who, while neglecting none
connected with him by ties of blood, took the whole English-speaking
race for his family, and by scattering his blessings far and wide on
both sides of the Atlantic, has won a proud name
"As one who loved his fellow-men."
[Illustration: GEORGE PEABODY.]
GEORGE PEABODY came of an old English family, which traced its
descent back to the year of our Lord 61, the days of the heroic
Boadicea, down through the brilliant circle of the Knights of the Round
Table, to Francis Peabody, who in 1635 went from St. Albans, in
Hertfordshire, to the New World, and settled in Danvers, Massachusetts,
where the subject of this memoir was born one hundred and sixty years
later, on the 18th of February, 1795. The parents of George Peabody were
poor, and hard work was the lot to which he was born, a lot necessary to
develop his sterling qualities of mind and heart. He was possessed of a
strong, vigorous constitution, and a quick, penetrating intellect. His
education was limited, for he was taken from school at the age of
eleven, and set to earning his living. Upon leaving school, he was
apprenticed to a Mr. Sylvester Proctor, who kept a "country store" in
Danvers. Here he worked hard and faithfully for four or five years,
devoting himself, with an energy and determination surprising in one so
young, to learn the first principles of business. His mind matured more
rapidly than his body, and he was a man in intellect long before he was
out of his teens. Having gained all the information it was possible to
acquire in so small an establishment, he began to wish for a wider field
for the exercise of his abilities. A retail grocery store was no longer
the place for one possessed of such talents, and thoroughly conscious of
them at such an early age, and it was natural that he should desire some
more important and responsible position.
Public-domain text, read in full here on John Shaqi.
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