GEORGE PEABODY - PHOTOGRAPH MOUNT SIGNED 02/18/1868 - HFSID 259027
Sale Price $495.00
Reg. $600.00
GEORGE PEABODY. Photograph Mount signed: "George Peabody/Feby.
18th '68." Sepia, 2½x4¼ overall, image 2½x3¼, affixed to 6x9 sheet (three
surfaces). Two oval photographs (sepia, 1¾x2¼ each) of unidentified women on
verso. Considered the "Father of Modern Philanthropy", Peabody began his
career as a partner in the wholesale dry goods firm of Peabody, Riggs and
Company in Baltimore in 1814. In 1837, he took up residence in London, where
he entered the financial arena a year later by selling Maryland state bonds to
Baring Brothers. Increasing his fortune by his own purchase of the securities,
Peabody was able to finance the installation of American exhibits at "The Great
Exhibition of the World of Industry of All Nations". In 1854, he took Junius
Spencer Morgan (J.P.'s father) into partnership. In 1862, he established the
Peabody Donation Fund providing subsidized housing to London's working class.
His benefactions, most given during his lifetime, totaled over $8 million and
included three Peabody Institutes, two Peabody Museums (at Harvard and Salem,
Mass.) and the Peabody Education Fund. Lightly soiled, with two tears (¼" and
½") at upper right of photo. Mounting adhesive on photos on verso show
through.
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