Money-making men; or, how to grow richRitchie, J. Ewing (James Ewing)
General
Money-making men; or, how to grow rich
Ritchie, J. Ewing (James Ewing)
Rich people -- Biography
was born in the north of Ireland, not far from Londonderry, and was true
to the Scotch Presbyterian blood in his veins.
I now come to the most illustrious name, as regards money-getters, either
in England or America. Mr. George Peabody was something more than a
money-hunter, and, in the history of money-making men, deserves the post
of honour for his philanthropy. He was born in Massachusetts, and was,
essentially, a self-taught and self-made man. After he had learnt, in
the district school, how to read and write, having been four years in a
grocer’s score, and having spent another year with his grandfather in
rustic life in Vermont, he went to join his brother David, who had set up
a drapery or dry-goods store at Newburyport. This was stopped, a few
months after, by a fire, which destroyed Peabody’s shop and most of the
other houses in the town. Fortunately, at this juncture, an uncle, who
had settled in George Town, in the district of Columbia, invited young
George to become his commercial assistant; and he stayed with him a
couple of years, managing the most part of the business. In May, 1812,
during the unhappy war between Great Britain and America, when a British
fleet came up the Potomac, this young merchant’s clerk, with others of
his time, volunteered into the patriot army, and served a few months in
the defence of Port Warburton, as a true citizen soldier. The short war
being over, his proved skill and diligence brought him the offer of a
partnership in a new concern—it was that of Elisha Riggs, who was about
to commence the sale of dry goods throughout the middle States of the
Union. Riggs found the capital, while Peabody did the work, and the firm
at once achieved immense success. Peabody acted as bagsman, and often
travelled alone, on horseback, through the western wilds of New York and
Pennsylvania, or the plantations of Maryland and Virginia, if not
farther, lodging with farmers or gentlemen slave-owners, and so becoming
acquainted with every class of people, and every way of living: indeed,
so fast did the Southern connection increase, that the house was removed
to Baltimore, though its branches were established, seven years later, at
Philadelphia and New York. About the year 1830, Mr. Riggs having retired
from business, Mr. Peabody found himself at the head of one of the
largest mercantile firms in the home-trade of America. But Mr. Peabody
had also, by this time, distinguished himself as a man of superior
integrity, discretion, and public spirit. “He coveted no political
office; he courted the votes of no party; he waited upon no caucus; put
his foot down,” says the writer of the account of his life in the “Annual
Register,” “upon no platform; but held aloof from the strife of American
factions.” His first visit to London was in 1827, whole he was still
chief partner in the Baltimore firm. In 1843, he fixed himself here, as
merchant and money-broker, with others, by the style of “George Peabody
Public-domain text, read in full here on John Shaqi.
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