The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-10-26

Commissioner; but hn0 provided 20 Eunos 70 oay ons
s purposes large opsn spsos N the extrne east end
Of the Crystal Palace destitute Of couutevS nxtes ee
vaiions COVERINGS decoratious world too wide for
what had to show had bean significantly apportoned
70 ~ BY the royal commission. and what 10 do With II,
penniless were Was the burden Of many conncie
As We were breaking up nearly hopeless one evening,
and handed Abbott Lawrence mote from Mr. Peabody,
offering TO advance the money IL was brief note,
neither diminishing nor magnifyipg the gif stating IN
exact business terms what he proposed TO do and add
ing simply nas ms s,srrs whcb ha
severs years afterwards repaid ~ Conrroes saved US
from failure and opened the way for the reputation
which Colts rsvolvers McCormicks reapers Goodyears
india rubber manufactures Hobbs locks and Eriosson's
nautical instruments achieved In behalf OF inventive
this time NJ Peabody was apparently asoa. nifty
Ave years old, large tall well put together quiet in
dress and manner, English In style and American in
physognomy. His habits then, and for the ten snbse-
quent years knew him, were simple and methodical.
At hali-past nine every week day morning Won night
see him coming out Of the Club Chambers 10 Regent
street entering the rs passing omnibus 70 the city, and
from ten 10 four o'clock seated In small dark once In
Of the courts leading out OF Throgmorton street.
busy engaged In duties then leading towards his
sequcnt colossal fortune He afable without being
convcrsabe, rarely interested during business honrs
topics that were not remotely nearly connected with
hs duties but At evening Ia his rooms the dinner
table, the most agreeable host and the best OF listeners
II was In social even more thsn In business fc that
Mr. 1eabody was pre-emiuent No man moro truly
loved his friends or enioyed his acquantanccs, more
fully appreciated an Intelligent talker, more keenly
the table, more abstemiously set bounds TO undue
conviviality His best moods wero in making those
around him happy Long before his name a II London
struck -four NJ he would leave his Office, call upon
several Of his friends and collecting party Of half
dozen take omnibus for Blackwell or the West End
and end the day with dinner such as London avcrns
only can give From this habit, followed for years,
characterized lis las, decade In English life.
Mr.. Peabody's coup fst0 OF hospitality however,
on which his future reputation may be said % have
hinged the tfe OF July 4 1851. In order fully 10
comprehend tho obstacles surrounded and the success
won, by that achievement, the prcjudices, iaten.
years-eyer since tho Declaration OF Independence
among the English gentry and arisocracy against tho
whole race Of Americans, must be borne in mind Not
acknowledged In either diplomatic or commercial inter-
course with our country nevertheless cropped out In
all pnblc gatherings, newspapcrs and clubs. We were
Added to this, Mr.. Peabody only merchant We
cali him banker but he not. He belonged TO no
Of the leading clubs had never been presented q
like the Barngs Rofhschlds In taking national leans
made pretouce to be an element In the great bour
naiuralized British subject To endowed with
less OF that sagacity which, sinking SELF knows how 10
idea Of reunion OF the two nations through their most
representatives the anniversary OF the
day Of British humiliaon have presented ITSELF or,
with less OF that courage which regards obstacles
when its end Is noble, have been carried TO grand
triumph.
Mr. Lawrence seized upoa tho idea the moment Mr.
Peabody mentioned H. and promised consult tho Duke
OF wellington lhe Duke percoiving in II political ad
yaniages responded heartily and promised i Il shold
success Mr. Peabody at set about preparations
an entertainment that should be unsurpassed
hired WINS Rooms (Almack'sL engaged tho italian
opcrn troupe Of hor Majesty's theatre arranged for
concert aud ball, and issued his cards Of invitation
Tho success was complete When It became known that
the old Duke was TO be present. applications for ec
came from all quarters rho creme ds Ia Of the
aristosracy crowded tho Tho newspapers next
day Ibilant the briancy Of the reunion OF
mother and daughter, and Jeenls for tho first time
rounded his periods with praises Of tho greatness Of our
l have said above that Mr. Peabody was no. bsnkcr
Mother are the Rohshidsor Barngs, Brown shipley
authorized by law brom the Bank OF England, the
greatest monetary estabb hment In tbs world, down
through Jones' Lloyd 4 Co. Smith, Payne 4 Co.,
other names classic in the financial world no one can
exercise the craft without the sanction Of Of Par
lament The names first mentioned, Rothschild and
Others those OF merchants, who deal In bills Of
exchange loans stocks, bills OF lading cargoes and
invoices Of the staple products Of the world In English
warehouseman equivalent TO wholesale mcrchant
iobber and tradcsman constitute the line Of business
men. and the order In which they named their bust
ness rank The brewers take third rank. because the
great brewers have for hundred been possessed
OF princeiy fortunes. So ancient and fixed these
that entirely changed business nocn
claiure productive Of no end Of Misunderstanding
From 1851 10 1858 Mr. peabody's annual dinners on
the Fourth Of July bccame sort CT raying point for
Dur couptrymcn In Europe His almost weekly fcstvi.
lles-whtebait dinners at Blackwell or Greenwich, ex-
curr,cns into the country, sails up the Thames past
Popea vtn Horace wsirolos Strawberry Hill, trips
ns 4. Of w and se SSs az sA ss
which these almost national eroivcrsarics obtained.
These last assembled the few only Of resident tran
sient Americans or English gentlemen VIC we're per-
sonal friends Of the host while to the former ac-s in
discriminate Invitations wore issued The English rews-
papers and The fo's,sa Correspondents OF cnr home
realized Mr. rcabodys idea Of national fraternal union
and became in the two frequent diplomatic msunder-
standings between The two countries an element Of
peace, IL beyond doubt.
Early IA the year 1859 there was formed 4 society
called .sThe American Association in London It's pur-
pose TO crgauzc Systematic plan Of relief for
countryDcn Ia London Who might chance TO be in need
Mr. Peabody deciped The unanimous requeft OF the
Of July dinner, which, in virtue OF its representing
American Interest. assumed 10 have the right alone 20
IONS attributed il 70 unworthy motives bat the subse
quent diversion OF the association from Ia ayowcd rnr
pose and It's ultimate failure, showed that his azscity
not at fault from that time he ceased 10 act IN the
celebration of national anniversary Bot 10 did not
cease in bic efforts 10 benefit hts couniymcn. To no
appeal for charity sanctioned by The executive commit
zee ot the association did l. ever turn deaf ear His
purse always open the deserving poor, and his In
hnencc aud assistance were gc1srolsiy given 10 susg
Cling merit.
NJ Pcabody's reputation = for bsnevoence but the
ruling princiraof hts character u rcall, the scnseo
justcc General gsci,sons axiom, millions Tor defence
not cent oT tribute, possesses ~ counterpart IN Mr.
Peabody thousands for e1rty not penny for fraud
Tho commercial ercrcew OF VII Ptabody vas uninter
ruptcd from the beginning rs Sfgachy and integrity
became a power 10 the money market OF ihc world
when the great financial ~ 1857 svept across tho
Atlantic from this onnlry tho siou,est hearts beat
ruick. Dstrua was universal. The first houses la
England became unstesdy The Earrings we're said ~
have hesi'sed certain day 70 accrpt the biils Of
her correspondents. Firms Whose daily transactions
onched millions suspended
The banks declined - discount Even the Roihs.
rhids were supposed he in iroubic md Brown hir
leg A Co shared IN the xencral damage Tor several
days Peabody Co. known ~ 10 The pillar of American
lrsds we're looked upon a. lettering Thousand ~.
n,ors were saoai The cy srcie " the T.ncs ainGed
ominousiy 10 dt~tinguiahrd American firm For tie
hrst time years thcr acccy ancca wore rcgpinxed
md fears en,sinacd that every morning tho an
OF their suspension worh appear u was
the try the merit Of commercial house
Instead u taiing with phassons or standing still 10
bgde The peliin2 OF the pitilszs ogm,n Nr Peabody
went 10 the Bank Of England exhibited lat q ~ az
'sis and upon Sercrtss prDirced demanded nud o1.
alntd the advance q. 81 000 The Transaction Daf
known once and ts effect was 70 place the credit Of
INC house beyond doubt
nfgr~