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
In 1862, Mr. Peabody made the magnificent donation of £150,000 for the
amelioration of the condition of the poor of London, and the trustees,
who were men of mark and position, immediately employed the money in
accordance with the noble donor’s wishes, in the erection of model
dwellings for working-men. In 1866, he added another £100,000 to the
fund; and in 1868, he made a further donation of about fifteen acres of
land at Brixton, 5,642 shares in the Hudson’s Bay Company, and £5,405 in
cash (altogether another £100,000); thus making the value of his gifts to
the poor of London as much as £350,000. By the last will and testament
of Mr. Peabody, opened on the day of his funeral, his executors, Sir
Curtis Sampson and Sir Charles Reed, were directed to apply a further sum
of £150,000 to the Peabody Fund, thus making a sum of half a million
sterling so employed.
This extraordinary beneficence, on the part of a private citizen, was
acknowledged in Great Britain. The freedom of the City of London was
conferred on Mr. Peabody by the corporation. The Queen, not content with
offering him either a baronetcy or the Grand Cross of the Bath, which he
respectfully declined, wrote him a grateful letter, and invited him to
visit her at Windsor. In 1866, just before his second visit to his
native country, he received from her the gift of a beautiful miniature
portrait of herself, framed in the most costly style, which he deposited
in the Peabody Institute at Danvers. The last token of public honour
which was rendered to Mr. Peabody before his death, was the uncovering,
by the Prince of Wales, of Storey’s fine bronze statue of himself behind
the Royal Exchange.
Mr. Peabody remained in his native land three years, during which time he
largely increased the amount of his donations, and founded more than one
or two important institutions. He gave 2,000,000 dollars for the
education of the blacks and whites in the South; 300,000 dollars for
museums of American relics at Yale and Harvard Colleges; 50,000 dollars
for a free museum at Salem; 25,000 dollars to Bishop McIlxame for Kenyon
College; and presented a sum of 230,000 dollars to the State of Maryland.
He also expended 100,000 dollars on a memorial church to his mother, and
distributed among the members of his family 2,000,000 dollars. In
recognition of his many large gifts to public institutions in America,
Mr. Peabody received, in March 1867, a special vote of thanks from the
United States. He died in London, at the house of his friend, Six Curtis
Sampson, at Eaton Square, in the seventy-filth year of his age. The
funeral took place in Westminster Abbey though, in accordance with the
wishes of the deceased, the body was afterwards conveyed to America. The
coffin-lid bore the following inscription:—
Public-domain text, read in full here on John Shaqi.
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