It was commissioned by department store founder Justus C. Strawbridge in 1896, as a gift to the City of Philadelphia. It was cast by the Henry-Bonnard Bronze Company of New York, and installed in 1899 in front of Philadelphia's Main Post Office, at 9th and Chestnut Streets.[2]Benjamin Franklin was the first United States Postmaster General. The granite pedestal was designed by architect Frank Miles Day. Its inscription quotes President George Washington's eulogy of Franklin:
BENJAMIN FRANKLIN
1706–1790
VENERATED
FOR BENEVOLENCE
ADMIRED FOR TALENTS
ESTEEMED FOR PATRIOTISM
BELOVED FOR
PHILANTHROPY
WASHINGTON
(On back of pedestal):
PRESENTED TO THE CITY OF PHILADELPHIA BY JUSTUS C STRAWBRIDGE 1899
(On back of statue):
JOHN J. BOYLE 1899
HENRY-BONNARD BRONZE CO FOUNDERS NY 1899
GIFT OF JUSTUS C STRAWBRIDGE
A signed Founder's mark also appears on the back of the statue.[3]
In 1938, when the Post Office was razed, the City gave the statue on permanent loan to the University of Pennsylvania, an Ivy League university in Philadelphia. Franklin was a founder of the university. It was relocated to the Penn campus, and rededicated on January 21, 1939.