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Mr. George Peabody, 1862. Creator: Unknown
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Mr. George Peabody, 1862. Creator: Unknown
Mr. George Peabody, 1862. Mr. George Peabody, the well-known American banker in London, [made]...an extraordinary gift to the poor of the metropolis..."My object being to ameliorate the condition of the poor and needy of this great metropolis, and to promote their comfort and happiness, I take pleasure in apprising you that I have determined to transfer to you the sum of £150, 000...it is my intention that now and for all time there shall be a rigid exclusion from the management of this fund of any influences calculated to impart to it a character either sectarian as regards religion, or exclusive in relation to local or party politics...it is my wish and intention that the sole qualifications for a participation in the benefits of this fund shall be an ascertained and continued condition of life such as brings the individual within the description...of "the poor" of London, combined with moral character and good conduct as a member of society'. From "Illustrated London News", 1862
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Media ID 35122505
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Affluence Banker Bankers Benefactor Charity Entrepreneur Philanthropist Philanthropy Rich Wealth Wealthy George Peabody Illustrated London News White And Black
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EDITORS COMMENTS
This photograph captures the enigmatic figure of Mr. George Peabody, an American-born British banker, in 1862. Known for his philanthropic endeavors, Peabody made headlines with an extraordinary gesture of generosity towards the poor of London. In a letter published in the Illustrated London News in 1862, he announced his intention to transfer the substantial sum of £150,000 to the city, with the purpose of alleviating the suffering and improving the lives of the needy. Peabody's statement was clear: his objective was to help those in poverty, regardless of their religious beliefs or political affiliations. He emphasized that the fund would be managed free from any sectarian or political influences. The sole qualifications for receiving assistance were a proven state of poverty, combined with good moral character and conduct within society. Peabody's selfless act of kindness was a testament to his compassion and commitment to making a difference in the lives of those less fortunate. This photograph serves as a poignant reminder of the power of generosity and the enduring impact of one man's vision to better the lives of countless individuals.
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