GEORGE PEABODY - PHOTOGRAPH MOUNT SIGNED - HFSID 29730
Price: $700.00
GEORGE PEABODY. Carte de Visite signed: "George Peabody."
Sepia, 2¼x4¼overall, image 2x3½ (two surfaces). Photographed by Mayall of London
and Brighton. Signed on mount. 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. Slightly spotted. Otherwise, fine condition.
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