Peabody, George

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Peabody, George

(pē`bädē, –bədē), 1795–1869, American financier and philanthropist, b. South Danvers (now Peabody), Mass. At the age of 11 he was apprenticed to a grocer, and later (1814) he became a partner in a dry-goods firm in Georgetown, D.C. (now in Washington, D.C.). This firm moved to Baltimore, and he established branches in New York City and Philadelphia. While on a business trip to London, Peabody negotiated (1837) a large British loan that helped save the finances of the state of Maryland, but he refused a commission for his services. Peabody settled (1837) permanently in London; there he set up a brokerage business that became increasingly prosperous, later taking on as a partner Junius Spencer MorganMorgan,
American family of financiers and philanthropists.

Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. As a boy he became a dry-goods clerk in Boston; later he entered a brokerage house in New York City.
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. Peabody used his influence to better Anglo-American relations and financed the exhibition of American products at the Crystal PalaceCrystal Palace,
building designed by Sir Joseph Paxton and erected in Hyde Park, London, for the Great Exhibition in 1851. In 1854 it was removed to Sydenham, where, until its damage by fire in 1936, it housed a museum of sculpture, pictures, and architecture and was used for
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 exhibition. Prominent among Peabody's philanthropies were large funds given for tenement clearance in London and the Peabody Education Fund of more than $2,000,000, to promote education in the South (partly used for the George Peabody College for Teachers, in Nashville, Tenn., which is now part of Vanderbilt Univ.). He also contributed to museums, universities, and libraries throughout the United States and endowed the archaeological museum of Harvard and the museum of physical sciences at Yale.

Bibliography

See biography by F. Parker (1971).

Peabody, George

(1795–1869) banker, philanthropist; born in South Danvers (now Peabody), Mass. (uncle of Othniel C. Marsh). A Baltimore merchant turned London merchant banker, he amassed a fortune, financed O. C. Marsh's research, and founded among other organizations the Peabody Institutes in Baltimore and Peabody, Massachusetts, the Peabody Museums at Harvard and Yale, and the Peabody Educational Fund.
References in periodicals archive ?
He holds three degrees in human development counseling, and has received his Doctoral degree with honors from George Peabody College of Vanderbilt University.
Inset top: the George Peabody Library, 1866, Baltimore, MD, USA, and above, the Library of Celus, AD 135.
For more information on E3 -- or to download a just-released white paper, "Card Payment Security for the Small Merchant," written by George Peabody of Mercator Advisory Group -- visit E3secure.
eBillit's clients see subscriber rates rise when they offer PhoneBill because it is a low-friction option that addresses consumer concerns surrounding payment security and credit card availability," said George Peabody, vice president, next-generation communications at the Aberdeen Group.
The case studies in this report represent the state of the VoIP market," says George Peabody, vice president of Aberdeen's NextGen Communications practice.
The NexVerse investment is paying off for DataVoN," said report co-author George Peabody, Vice President, Carrier & Enterprise Communications, at Aberdeen.
And that means an industry-wide solution to the challenge of Service Availability assurance, and the high costs associated with it, is ahead," said George Peabody, VP, NextGen Communications, Aberdeen Group.
NEW YORK -- For his stellar achievements as vocal innovator, symphony conductor, composer and music educator, ten time Grammy winner Bobby McFerrin has been chosen to receive the prestigious George Peabody Medal for Outstanding Contributions to Music in America.
Threats of an Excite@Home shutdown should be a wake-up call to the MSO's downside risk," says George Peabody, VP, Communications Infrastructure and Services at Aberdeen Group.
The Aberdeen Group focuses on emerging technologies and strategies that enhance revenue in the Internet economy," says George Peabody, Vice President, Carriers and Enterprises, the Aberdeen Group.
Carriers are looking for ways to have value added services, not just `big pipes' to deliver bandwidth, for their customers in the Internet communications field," said George Peabody, Vice President - Networking and Telecommunications at The Aberdeen Group in Boston.