Peabody first visited England in 1827, seeking to use his firm and his agency to sell American states' bond issues, to raise capital for those states' various programs of "internal improvements" (principally the transportation infrastructure, such as roads, railroads, docks and canals). Over the next decade Peabody made four more trans-Atlantic trips, starting in 1835 and establishing a branch office in Liverpool. Later he established the banking firm of "George Peabody & Company" (later stylised as J.S. Morgan & Co.) in London. In 1837, he took up permanent residence in London, where he lived for the rest of his life.