Samuel_Endicott_Peabody

Samuel Endicott Peabody

Samuel Endicott Peabody

American merchant and banker (1825–1909)

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.

Quick Facts Born, Died ...

Early life

Portrait of his parents, Francis and Martha Peabody

Peabody was born on April 19, 1825, in Salem, Massachusetts. He was a son of Col. Francis Peabody (1801–1867) and Martha (née Endicott) Peabody (1799–1891).[1]

His paternal grandparents were Joseph Peabody and Elizabeth (née Smith) Peabody (a daughter of the Rev. Elias Smith and sister of Rev. Elias Smith). Through his mother, he was a direct descendant of Gov. John Endicott of the Massachusetts Bay Colony.[2] His maternal grandparents were Samuel Endicott and Elizabeth (née Putnam) Endicott.[3]

Peabody spent one year studying at Harvard College before becoming a merchant.[2]

Career

After Harvard, he organized the merchant firm of Curtis & Peabody, with offices on India Wharf. He also served as president of the Salem National Bank and was a director of many companies.[2]

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. 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 Barings 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[ed]."[4]

Peabody lived in London from 1875 until his retirement in 1901, mostly at 97 Queen's Gate in South Kensington.[3] Upon his return to America, he was elected a director of the American Loan and Trust Company.[2]

Peabody's Back Bay residence, designed by Peabody & Stearns

Personal life

His third son, Endicott Peabody, founder of the Groton School

On November 23, 1848, Peabody was married to Marianne Cabot Lee (1828–1911), a daughter of John Clarke Lee and Harriet Paine (née Rose) Lee. Together, they were the parents of five children:[3]

  • John Endicott Peabody (1853–1921),[5] who married Gertrude Lawrence, a daughter of James Lawrence. After her death in 1883, he married Martha Prince Whitney.[5]
  • Francis Peabody (1854–1938), a lawyer who married Rosamund Lawrence, a daughter of Abbott Bigelow Lawrence Jr.[6]
  • Endicott Peabody (1857–1944), who married Frances Peabody, a daughter of Francis Peabody.[7]
  • Martha Endicott Peabody (1863–1935),[8] 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.[9]

Peabody died at Kernwood, his home in Salem, on October 31, 1909.[2][4] His estate was valued at $1,000,000.[10] His widow died in Salem in October 1911.[11]

Descendants

Through his son Endicott, he was a grandfather of The Right Reverend Malcolm E. Peabody, Bishop of Central New York, and great-grandfather of Marietta Peabody Tree and Endicott Peabody, the 62nd Governor of Massachusetts.[12]

References

  1. [1]
    Colonial Wars: A Quarterly Magazine. Society of Colonial Wars in the Commonwealth of Massachusetts. 1914. p. 232. Retrieved May 13, 2022.
  2. [2]
    "COL. S. E. PEABODY DEAD. Well Known Boston Banker Dies at His Residence in Salem, Mass". The New York Sun. October 31, 1909. p. 16. Retrieved May 13, 2022.
  3. [3]
    Endicott, William Crowninshield (1924). Memoir of Samuel Endicott. Privately Printed. Retrieved May 13, 2022.
  4. [4]
    "SAMUEL ENDICOTT PEABODY". Boston Evening Transcript. November 1, 1909. p. 10. Retrieved May 13, 2022.
  5. [5]
    "John E. Peabody". The New York Times. August 19, 1921. Retrieved May 13, 2022.
  6. [6]
    TIMES, Special to THE NEW YORK (February 10, 1938). "FRANCIS PEABODY OF BOSTON, 83, DIES; Descendant of Early Colonial Family a Leader of Bar, Real Estate Man and Banker". The New York Times. Retrieved May 13, 2022.
  7. [7]
    Times, Special to NEW YORK (November 18, 1944). "ENDICOTT PEABODY OF GROTON-SCHOOL; Founder and Headmaster for 56 Years Dies at 87--Friend, Teacher of Roosevelt". The New York Times. Retrieved May 13, 2022.
  8. [8]
    TIMES, Special to T (August 6, 1935). "MRS. JOHN LAWRENCE.; Sister .of Rev, Endicott Peabody, Groton School Founder". The New York Times. Retrieved May 13, 2022.
  9. [9]
    "G.L. Peabody Dead. Bridegroom to be". The New York Times. February 10, 1911. Retrieved May 13, 2022.
  10. [10]
    "GREATLY UNDERVALUED Estate of Maj Samuel Endicott Peabody of Salem, Worth $1,000,000 Was Assessed for $104,000". The Boston Globe. December 19, 1909. p. 17. Retrieved May 13, 2022.
  11. [11]
    "MRS M. C. PEABODY DEAD. Widow of Maj Samuel Endicott Peabody Passes Away at Her Home in Peabody". The Boston Globe. October 11, 1911. p. 1. Retrieved May 13, 2022.
  12. [12]
    Molotsky, Irvin (December 4, 1997). "Endicott Peabody, 77, Dies; Governor of Massachusetts in 60's". The New York Times. Retrieved May 13, 2022.
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