 Peabody was also associated with the Democratic Party and was considered for the Vice President of the United States in 1912.He stepped down as company president in favor of his son Stuyvesant in 1919 and served as chairman of the board until his death in 1922.Peabody's second wife, Mary Gertrude Sullivan, was originally a resident of Hinsdale and was a possible influence on Peabody's decision to reside there.