Samuel Endicott Peabody (April 19, 1825 – October 31, 1909) was an American merchant and banker who was a partner in the London banking firm of J.S. Morgan & Co.

Early life

Francis Peabody 1801-1867 Martha Endicott Peabody 1799-1891 (page 88 crop)

Peabody was born on April 19, 1825 in

Salem, Massachusetts Salem ( ) is a historic coastal city in Essex County, Massachusetts, located on the North Shore of Greater Boston. Continuous settlement by Europeans began in 1626 with English colonists. Salem would become one of the most significant seaports tr ...

. He was a son of Col. Francis Peabody (1801–1867) and Martha ( Endicott) Peabody (1799–1891). His paternal grandparents were Joseph Peabody and Elizabeth ( Smith) Peabody (a daughter of the Rev. Elias Smith and sister of Rev.

Elias Smith Elias Smith (17 June 1769 – 29 June 1846) was an American preacher, physician, journalist and clergyman. Smith, along with the preacher Abner Jones, founded a group of Christian Churches in New England that eventually merged with other like-mi ...

). Through his mother, he was a direct descendant of Gov.

John Endicott John Endecott (also spelled Endicott; before 1600 – 15 March 1664/1665), regarded as one of the Fathers of New England, was the longest-serving governor of the Massachusetts Bay Colony, which became the Commonwealth of Massachusetts. He ser ...

of the

Massachusetts Bay Colony The Massachusetts Bay Colony (1630–1691), more formally the Colony of Massachusetts Bay, was an English settlement on the east coast of North America around the Massachusetts Bay, the northernmost of the several colonies later reorganized as the ...

. His maternal grandparents were Samuel Endicott and Elizabeth ( Putnam) Endicott. Peabody spent one year studying at

Harvard College Harvard College is the undergraduate college of Harvard University, an Ivy League research university in Cambridge, Massachusetts. Founded in 1636, Harvard College is the original school of Harvard University, the oldest institution of higher lea ...

before becoming a merchant.

Career

After Harvard, he organized the merchant firm of Curtis & Peabody, with offices on

India Wharf India Wharf (1804-c. 1962) in Boston, Massachusetts, flourished in the 19th century, when it was one of the largest commercial wharves in the port. The structure began in 1804 to accommodate international trade at a time when several other improve ...

. He also served as president of the Salem National Bank and was a director of many companies. In 1875, Peabody was invited to become a partner in the London banking firm of J.S. Morgan & Co. that had been founded as George Peabody & Co. by a distant relative,

George Peabody George Peabody ( ; February 18, 1795 – November 4, 1869) was an American financier and philanthropist. He is widely regarded as the father of modern philanthropy. Born into a poor family in Massachusetts, Peabody went into business in dry go ...

. He was responsible for helping to introduce American securities to British investors. During the first year of he was a partner, the firm "scored one of its greatest successes by the placing of the French loan. The Franco-Prussian War had just ended, France had been defeated, and the

Rothschilds The Rothschild family ( , ) is a wealthy Ashkenazi Jewish family originally from Frankfurt that rose to prominence with Mayer Amschel Rothschild (1744–1812), a court factor to the German Landgraves of Hesse-Kassel in the Free City of F ...

, the

Barings Barings LLC, known as Barings, is an international investment management firm owned by Massachusetts Mutual Life Insurance Company ( MassMutual). It operates as a subsidiary of MassMutual Financial Group, a diversified financial services organis ...

and other firms, apprehensive of her future, refused to identify themselves with it. Events, however, sustained the braver, better judgment of Mr. Morgan and his partners. The loan was subscribed three or four times over, and the speedy recuperation of the republics helped to give its fiscal agent a reputation and standing which, with J. Pierpont Morgan as chief partner, the house conspicuously maintain d" Peabody lived in London from 1875 until his retirement in 1901, mostly at 97

Queen's Gate Queen's Gate is a street in South Kensington, London, England. It runs south from Kensington Gardens' Queen's Gate (the edge of which gardens are here followed by Kensington Road) to Old Brompton Road, intersecting Cromwell Road. The street is ...

South Kensington South Kensington, nicknamed Little Paris, is a district just west of Central London in the Royal Borough of Kensington and Chelsea. Historically it settled on part of the scattered Middlesex village of Brompton. Its name was supplanted with ...

. Upon his return to America, he was elected a director of the American Loan and Trust Company.

Personal life

On November 23, 1848, Peabody was married to Marianne Cabot Lee (1828–1911), a daughter of

John Clarke Lee John Clarke Lee (April 9, 1804 – November 19, 1877) was an American lawyer, merchant, banker and politician who co-founded the prominent stock brokerage firm of Lee, Higginson & Co. Early life Lee was born on April 9, 1804 at Tremont Place in ...

and Harriet Paine ( Rose) Lee. Together, they were the parents of five children: * John Endicott Peabody (1853–1921), who married Gertrude Lawrence, a daughter of James Lawrence. After her death in 1883, he married Martha Prince Whitney. * Francis Peabody (1854–1938), a lawyer who married Rosamund Lawrence, a daughter of Abbott Bigelow Lawrence Jr. *

Endicott Peabody Endicott Howard Peabody (February 15, 1920 – December 2, 1997) was an American politician from Massachusetts. A Democrat, he served a single two-year term as the 62nd Governor of Massachusetts, from 1963 to 1965. His tenure is probably b ...

(1857–1944), who married Frances Peabody, a daughter of Francis Peabody. * Martha Endicott Peabody (1863–1935), who married John Lawrence, son of Abbott Bigelow Lawrence Jr. * George Lee Peabody (1865–1911), who married Elizabeth Copley Crowinshield, a daughter of Col. Caspar Crowninshield. Peabody died at Kernwood, his home in Salem, on October 31, 1909. His estate was valued at $1,000,000. His widow died in Salem in October 1911.

Descendants

Through his son Endicott, he was a grandfather of

The Right Reverend The Right Reverend (abbreviated The Rt Revd, The Rt Rev'd, The Rt Rev.) is a style (manner of address), style applied to certain religion, religious figures. Overview *In the Anglican Communion and the Roman Catholicism in the United Kingdom, ...

Malcolm E. Peabody, Bishop of Central New York, and great-grandfather of

Marietta Peabody Tree Marietta Peabody Tree (April 17, 1917 – August 15, 1991) was an American socialite and political reporter, who represented the United States on the United Nations Commission on Human Rights, appointed under the administration of John F. Kenne ...

and

, the 62nd

Governor of Massachusetts The governor of the Commonwealth of Massachusetts is the chief executive officer of the government of Massachusetts. The governor is the head of the state cabinet and the commander-in-chief of the commonwealth's military forces. Massachusetts ...

References

External links

Samuel Endicott Peabody, (painting)
at the Smithsonian {{DEFAULTSORT:Peabody, Samuel Endicott 1825 births 1909 deaths People from Salem, Massachusetts American merchants American bankers Peabody family