Mr. Peabody
traveled extensively in establishing his business, often journeying into
the wild and unsettled regions of the border States on horseback. He
worked with energy and intelligence, and in 1815 the business was found
to be so extensive that a removal to Baltimore became necessary. About
this time a sort of irregular banking business was added to the
operations of the house. This was chiefly the suggestion of Mr. Peabody,
and proved a source of great profit.
Mr. Peabody quickly took a prominent rank among the merchants of
Baltimore. His manner was frank and engaging, and won him many friends.
He was noted for "a judgment quick and cautious, clear and sound, a
decided purpose, a firm will, energetic and persevering industry,
punctuality and fidelity in every engagement, justice and honor
controlling every transaction, and courtesy--that true courtesy which
springs from genuine kindness--presiding over the intercourse of life."
His business continued to increase, and in 1822 it became necessary to
establish branches in Philadelphia and New York, over which Mr. Peabody
exercised a careful supervision.
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