At this critical
moment, our friend stepped forward. He did what Congress should have
done. By liberal advances on his part, the American department was
fitted up; and day after day, as some new product of American ingenuity
and taste was added to the list,--McCormick's reaper, Colt's revolver,
Powers's Greek Slave, Hobbs's unpickable lock, Hoe's wonderful printing
presses, and Bond's more wonderful spring governor,---it began to be
suspected that Brother Jonathan was not quite so much of a simpleton as
had been thought. He had contributed his full share, if not to the
splendor, at least to the utilities of the exhibition. In fact, the
leading journal at London, with a magnanimity which did it honor,
admitted that England had derived more real benefit from the
contributions of the United States than from those of any other
country."
As has been said, Mr. Peabody made the bulk of his colossal fortune in
the banking business. He had a firm faith in American securities, and
dealt in them largely, and with confidence. His business instinct was
remarkable, his judgment in mercantile and financial matters almost
infallible, and he made few mistakes.
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