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Hammer, Armand (21 May 1898–10 December 1990), entrepreneur and philanthropist, was born on the Lower East Side of New York City, the son of Russian-born Julius Hammer, a pharmacist and physician, and Rose Robinson. Hammer’s childhood economic circumstances were better than those of many of his immigrant contemporaries. When he was still a child, his family moved to the Bronx, where his father balanced a quest for a medical degree with the demands of his drugstores. Hammer attended Morris High School and in 1917 registered at Columbia Heights Premedical School. Two years later he enrolled at Columbia College of Physicians and Surgeons, from which he graduated in June 1921....

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Peabody, George (18 February 1795–04 November 1869), merchant, investment banker, and philanthropist, was born in South Danvers (now Peabody), Massachusetts, the son of Thomas Peabody, a leather worker and a farmer, and Judith Dodge. His parents, though not wealthy, managed to provide their son with a basic education. As a boy George came to know the value of work. At age eleven he worked in Sylvester Proctor’s grocery in Danvers, and for a short time in 1811 he served as a clerk in the dry-goods store of his brother David....