M. Peabody Round Storage Box

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A paint decorated round storage box for “M. Peabody”, with hand pointing at the name and unusual geometric design in orange over a green ground.
American, probably New England, 1820 – 1845.
Eastern White Pine throughout. Diameter: 6 1/2″

Why is it special? While we don’t necessarily stay awake all night wondering, we are so curious.  Who exactly was M. Peabody, and what exactly did he/she keep in such a richly decorated little box?