PEABODY, GEORGE
\pˈiːbɒdi], \pˈiːbɒdi], \p_ˈiː_b_ɒ_d_i]\
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George (1795-1869), born in Danvers, Mass., was a most liberal philanthropist. From 1814 to 1837 he was in mercantile business in Baltimore. In 1838 he established the famous banking firm of George Peabody and Company in London. He founded the Peabody Institute at Baltimore in 1857 with $1,000,000, gave $2,500,000 for constructing lodging-houses for the poor in London, and $3,500,000 for the promotion of education in the South. His public charities exceeded $10,000,000.
By John Franklin Jameson