George Peabody
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George Peabody
George Peabody ( ; February 18, 1795 – November 4, 1869) was an American financier and philanthropist. He was the father of modern philanthropy. Born into a poor family in Massachusetts, Peabody went into business in dry goods and later into banking. In 1837 he moved to London (which was then the capital of world finance) where he became the most noted American banker and helped to establish the young country's international credit. Having no son of his own to whom he could pass on his business, Peabody took on Junius Spencer Morgan as a partner in 1854 and their joint business would go on to become the global financial services firm J.P. Morgan & Co. after Peabody's 1864 retirement. In his old age, Peabody won worldwide acclaim for his philanthropy. He founded the Peabody Trust in Britain and the Peabody Institute and George Peabody Library in Baltimore, and was responsible for many other charitable initiatives. For his generosity, he was awarded the Congressional Gold Meda ...
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Peabody, Massachusetts
Peabody () is a city in Essex County, Massachusetts, United States. The population was 54,481 at the time of the 2020 United States Census. Peabody is located in the North Shore region of Massachusetts, and is known for its rich industrial history. History The area was long inhabited by Native American people known as the Naumkeag. The area was settled as part of Salem in 1626 by a small group of English colonists from Cape Ann led by Roger Conant. It was subsequently referred to as the Northfields, Salem Farms, and Brooksby. Several area residents were accused of witchcraft during the Salem witch trials of the late 17th century, three of whom were executed ( John Proctor, Giles Corey, and Martha Corey). In 1752, the area was set off from Salem, and incorporated as a district of Danvers. It was referred to as "the South Parish", associated with a church located in present-day Peabody Square. In 1855, the community broke away from Danvers, and was incorporated as the inde ...
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Baltimore
Baltimore ( , locally: or ) is the most populous city in the U.S. state of Maryland, fourth most populous city in the Mid-Atlantic, and the 30th most populous city in the United States with a population of 585,708 in 2020. Baltimore was designated an independent city by the Constitution of Maryland in 1851, and today is the most populous independent city in the United States. As of 2021, the population of the Baltimore metropolitan area was estimated to be 2,838,327, making it the 20th largest metropolitan area in the country. Baltimore is located about north northeast of Washington, D.C., making it a principal city in the Washington–Baltimore combined statistical area (CSA), the third-largest CSA in the nation, with a 2021 estimated population of 9,946,526. Prior to European colonization, the Baltimore region was used as hunting grounds by the Susquehannock Native Americans, who were primarily settled further northwest than where the city was later built. Colonist ...
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Barings Bank
Barings Bank was a British merchant bank based in London, and one of England's List of oldest banks in continuous operation, oldest merchant banks after Berenberg Bank, Barings' close collaborator and German representative. It was founded in 1762 by Sir Francis Baring, 1st Baronet, Francis Baring, a British-born member of the German-British Baring family of merchants and bankers. The bank collapsed in 1995 after suffering losses of £827 million (£ billion in ) resulting from fraudulent investments, primarily in futures contracts, conducted by its employee Nick Leeson, working at its office in Singapore. History 1762–1889 Barings Bank was founded in 1762 as the John and Francis Baring Company by Sir Francis Baring, 1st Baronet, with his older brother John Baring (1730–1816), John Baring as a mostly silent partner. They were sons of Johann Baring, John (né Johann) Baring, wool trader of Exeter, born in Bremen, Germany. The company started business in offices off Cheapsid ...
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Reform Club
The Reform Club is a private members' club on the south side of Pall Mall in central London, England. As with all of London's original gentlemen's clubs, it comprised an all-male membership for decades, but it was one of the first all-male clubs to change its rules to include the admission of women on equal terms in 1981. Since its founding in 1836, the Reform Club has been the traditional home for those committed to progressive political ideas, with its membership initially consisting of Radicals and Whigs. However, it is no longer associated with any particular political party, and it now serves a purely social function. The Reform Club currently enjoys extensive reciprocity with similar clubs around the world. It attracts a significant number of foreign members, such as diplomats accredited to the Court of St James's. Of the current membership of around 2,700, some 500 are "overseas members", and over 400 are women. History 19th century The club was founded by Edward E ...
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The Times
''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (founded in 1821) are published by Times Newspapers, since 1981 a subsidiary of News UK, in turn wholly owned by News Corp. ''The Times'' and ''The Sunday Times'', which do not share editorial staff, were founded independently and have only had common ownership since 1966. In general, the political position of ''The Times'' is considered to be centre-right. ''The Times'' is the first newspaper to have borne that name, lending it to numerous other papers around the world, such as ''The Times of India'', ''The New York Times'', and more recently, digital-first publications such as TheTimesBlog.com (Since 2017). In countries where these other titles are popular, the newspaper is often referred to as , or as , although the newspaper is of nationa ...
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Persona Non Grata
In diplomacy, a ' (Latin: "person not welcome", plural: ') is a status applied by a host country to foreign diplomats to remove their protection of diplomatic immunity from arrest and other types of prosecution. Diplomacy Under Article 9 of the Vienna Convention on Diplomatic Relations, a receiving state may "at any time and without having to explain its decision" declare any member of a diplomatic staff '. A person so declared is considered unacceptable and is usually recalled to his or her home nation. If not recalled, the receiving state "may refuse to recognize the person concerned as a member of the mission". A person can be declared before that person even enters the country. With the protection of mission staff from prosecution for violating civil and criminal laws, depending on rank, under Articles 41 and 42 of the Vienna Convention, they are bound to respect national laws and regulations. Breaches of these articles can lead to a declaration being used to punish erring ...
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George Peabody & Co
George may refer to: People * George (given name) * George (surname) * George (singer), American-Canadian singer George Nozuka, known by the mononym George * George Washington, First President of the United States * George W. Bush, 43rd President of the United States * George H. W. Bush, 41st President of the United States * George V, King of Great Britain, Ireland, the British Dominions and Emperor of India from 1910-1936 * George VI, King of Great Britain, Ireland, the British Dominions and Emperor of India from 1936-1952 * Prince George of Wales * George Papagheorghe also known as Jorge / GEØRGE * George, stage name of Giorgio Moroder * George Harrison, an English musician and singer-songwriter Places South Africa * George, Western Cape ** George Airport United States * George, Iowa * George, Missouri * George, Washington * George County, Mississippi * George Air Force Base, a former U.S. Air Force base located in California Characters * George (Peppa Pig), a 2-year-old pig ...
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Bond (finance)
In finance, a bond is a type of security under which the issuer ( debtor) owes the holder ( creditor) a debt, and is obliged – depending on the terms – to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (i.e. they are owners), whereas bondholders have a creditor stake in a company (i.e. they are lenders). As creditors, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind s ...
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Merchant Bank
A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodities, particularly cloth merchants. Historically, merchant banks' purpose was to facilitate and/or finance production and trade of commodities, hence the name "merchant". Few banks today restrict their activities to such a narrow scope. In modern usage in the United States, the term additionally has taken on a more narrow meaning, and refers to a financial institution providing capital to companies in the form of share ownership instead of loans. A merchant bank also provides advice on corporate matters to the firms in which they invest. History Merchant banks were the first modern banks. They emerged in the Middle Ages from the Italian grain and cloth merchants community and started to develop in the 11th century during the large Eur ...
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Henry Fite House
The "Henry Fite House", located on West Baltimore Street (then known as Market Street), between South Sharp and North Liberty Streets (also later known as Hopkins Place), in Baltimore, Maryland, was the meeting site of the Second Continental Congress from December 20, 1776, until February 22, 1777. Built as an inn and tavern around 1770 in the Georgian architectural style in red brick with white wood trim by Henry Fite (1722–1789), the building became known as "Congress Hall" when it briefly served as the new nation's seat of government in 1776–77. Later, following the Revolutionary War, it became known locally as "Old Congress Hall". The structure was destroyed during the Great Baltimore Fire of February 7–8, 1904, which started nearby. Nation's capital The Second Continental Congress moved from Philadelphia to Baltimore in the winter of 1776 to avoid capture by British forces, who were advancing on Philadelphia, the new American capital city, during the New York an ...
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Puritan
The Puritans were English Protestants in the 16th and 17th centuries who sought to purify the Church of England of Catholic Church, Roman Catholic practices, maintaining that the Church of England had not been fully reformed and should become more Protestant. Puritanism played a significant role in English history, especially during the Protectorate. Puritans were dissatisfied with the limited extent of the English Reformation and with the Church of England's toleration of certain practices associated with the Roman Catholic Church. They formed and identified with various religious groups advocating greater purity of worship and doctrine, as well as personal and corporate piety. Puritans adopted a Reformed theology, and in that sense they were Calvinists (as were many of their earlier opponents). In church polity, some advocated separation from all other established Christian denominations in favour of autonomous gathered churches. These English Dissenters, Separatist and Indepe ...
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George Peabody House
The George Peabody House Museum is a historic house museum at 205 Washington Street in Peabody, Massachusetts. It is dedicated to the life and deeds of 19th century U.S. entrepreneur, philanthropist, and namesake of the city, George Peabody. The museum shares its location with the Peabody Leather Museum. Within its walls, in 1795, George Peabody was born in what was then called South Danvers. History In 1769, John Southwick, Jr., was the owner of a parcel of land where the museum now sits. He gave the vacant lot to his daughter, Hannah, and her husband, Daniel Purinton, a cordwainer. Mortgage records from 1786 indicate there was a chocolate mill on the property, and, by 1794, records mention "other building" but not specifically "mills." In April 1795, Daniel Purinton sold the land and buildings to Thomas Peabody. It is possible that the Peabody family had been renting the property for over a year, and that George Peabody was born in the house during the rental period, al ...
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