Mr. Peabody was no longer the poor grocery boy, or the dry-goods clerk. He was fine looking, most intelligent from his wide reading, a total abstainer from liquors and tobacco, honored at home and abroad, and very rich. Should he buy an immense estate, and live like a prince? Should he give parties and grand dinners, and have servants in livery? Oh, no! Mr. Peabody had acquired his wealth for a different purpose. He loved humanity. "How could he elevate the people?" was the one question of his life. He would not wait till his death, and let others spend his money; he would have the satisfaction of spending it himself. And now began a life of benevolence which is one of the brightest in our history. Unmarried and childless, he made other wives and children happy by his boundless generosity. If the story be true, that he was once engaged to a beautiful American girl, who gave him up for a former poor lover, the world has been the gainer by her choice. In 1852, Mr. Peabody gave ten thousand dollars to help fit out the second expedition under Dr. Kane, in his search for Sir John Franklin; and for this gift a portion of the newly-discovered country was justly called Peabody Land. This same year, the town of Danvers, his birthplace, decided to celebrate its centennial. Of course the rich London banker was invited as one of the guests. He was too busy to be present, but sent a letter, to be opened on the day of the celebration. The seal was broken at dinner, and this was the toast, or sentiment, it contained: "EDUCATION--_a debt due from present to future generations._" A check was enclosed for twenty thousand dollars for the purpose of building an Institute, with a free library and free course of lectures. Afterward this gift was increased to two hundred and fifty thousand dollars. The poor boy had not forgotten the home of his childhood. Four years later, when Peabody Institute was dedicated, the giver, who had been absent from America twenty years, was present. New York and other cities offered public receptions; but he declined all save Danvers. A great procession was formed, the houses along the streets being decorated, all eager to do honor to their noble townsman. The Governor of Massachusetts, Edward Everett, and others made eloquent addresses, and then the kind-faced, great-hearted man responded:--