Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1869-11-13
HOUSE OF REpREsENTATIvEs.

lN0iit(f VI siiiO hDtAtt. aiiu lfNoOith NOAtbf
uniform, was amended and passed on
Its third reading. ~ sA5i01' ~
Senate amendment to House bill
abolishing the Office of County Judge
of Wilson county, providing. that the
act take effect on the 1st of January,
1870, was concurred In. ,.E,i Me-,
na ila.l GEORGE PEABODY. ',igl
sIsetci OF the Life OF the Great Phi.
w ~ lanthropist. -. = 80,
The telegraph wires have brought
us the news of the death of George
Peabody, In London, on the 4th inst,
at half-past eleven o'clock Mt night.
Mr.. Peabody was the descendant
Of an ancient English family, which
settled In America as early as 1885.
He was born in Danvers, Mass, on
the 18th of February, lbs, and was
therefore in the seventy-fifth year OF
his life Mt the time of his death.
He commenced business, as a clerk
in store, at the age of eleven, and
continued thus to serve in several
places in New England for six years.
At the age of seventeen he formed q
partnershfpin the draper business i'm
Riggs, who furnished a capital oil
$1,000, young Peabody having the
management of the business, That
this partnership was mutually salts
factory, the following anecdote sutfi-
eieiitly proves: At the time It was
formed, the youthful partner, already
six feet high and unusually mature
in appearance, was unknown to Mr.
Riggs, who, In conversation with him
some time after its establishment, re-
marked THAT many men improperly
entered business when too young
assuming responsibilities for which
their experience did not qualify them
Mr.. Peabody at the time made no re-
lply, but, on coming of age, required
to this remark of his associate, and
informed him that though they had
been in partnership nearly four years,
he was now only twenty-one. Mr..
Riggs heard this with, establishment,
but without complaint, and few
years after, upon winding up the con-
Germ, received $50, 0U0hs liis share oi
the profits on the original $1,000. 90
During his residence in Georgetown
the war with Great Britain was go
ing on, and the young merchant for
a time becamea soldier, serving in d
volunteer artillery company i'm de-
fence of the capitol. In 1915 the
house of Riggs 4 Peabody was es-
tablished IN Baltimore. Tile style OF
the firm subsequently became Pea
body, Riggs 4 Co., and branch
| hApun1 A,Nn,nI Ia
and Philadelphia. In the year 1887
Mr.. Peabody fixed his house in Lon
don, where he has ever since resided,
though still claiming 70 be citizen
of the United States. He has crossed
the Atlantic fifteen times. >''- .' o.
% His business i'm London was that OF
a banker and commission agent, and
his sagacity in all financial concerns
was soon conspicuous. 1t seems only
less wonderful than hisliberality, be.
cause it is oftener paralleled. The
foundation of his fortune, for o.. am
pie, is said to have been die to hi,
extensive purchase DUNG the crisi.
of 1885, Of Mar;,and bonds, In,
state being ten in danger of repu
diation--an act by which he se.Ye,
ser credit and himsclfrealize., largely
He also rendered similrr service sub
sequently to several States and cor
porations III America. Numerou
railways In Tie United states are in
debted to him for their speedy com
pletiop he supplying them witt
iron and taking their bonds in pay
, ment. In this way, while addin
! greatly to the wealth of his nativ
T hn 10. ,nIA.1ea.,I - lao
CURED no small part of his privat
2 fortune.
; Mr. Peabody's extraordinary libel
! ality, il not before evinced, dcvelope
: itself rs early as 1851, when he as
sumed the entire expenses of arrang
ing the American department in tn
= great exhibition in London, and il
i 1852, when he gave $4,000 to defra
E the cost of the second expedition Ii
search of Sir John Franklin. III
same year he bestowed S20,000, (sinc
: increased ten-fold,l his first educa
/ tional grant, to found the Peabod
! Institute in his native town, then Gel
, ebrating the centennial anniversar
of its corporation. The Legislator
, of Massachusetts has recent
changed the name of this from Dan
. vers to Peabody. Ii Is, however
within eighteen years past that hi
! bonevolenee has been most striking
!: and, whatever may before have bee
the case, all that he has done has nc
been the result of impulse, but tn
carrying out of a pre-conceived plar
This Is indicated by the following il
!, cident: -.... eH.I. I. rIf
: Mr. w. w. Corcoran, of Washing
p ton City, his friend for half Ger
tury and gentleman well known f.
!, his great wealth and numerous nobl
!. charities, had signalizcd himself b
a providing for the wants and tran,
y portation to the far West of n larp
body of lIungarians who had Jun
4 been landed in New York in a stat
: of utter restitution. Mr.. Peabody /
n letter from London TO Mr.. CorcoraI
. dated October 3, 1851, uses the follow
' ing language:
= However liberal l may be, / car
not keep pace with your noble aci
n of charity at home, but one of thes
& days l mean to come ont, and theI
d IL my feelings in regard 10 none
q don't change, and have plenty,
n shall become u strong competitor
X heneVolence. 49, . You acte
e nohly by the Hungarians,
: How the pledge thus given ht
e been redeemed, the world know
The only change In his benevolet
u intentions i'm regard % the Unite
o States as then entertained, that
; known 10 have taken place, Is ths
[; funds which were designed 10 a,
I vance education I'm the Whole eo,n
Try he has since the war devoeerei