A Unique Story of a Marvellous Career: Life of Hon. Phineas T. BarnumBenton, Joel
History
A Unique Story of a Marvellous Career: Life of Hon. Phineas T. Barnum
Benton, Joel
Barnum's American Museum; Barnum, P. T. (Phineas Taylor), 1810-1891; Circus owners -- United States -- Biography
They went to live in a hired furnished house in New York, the
landlady and her family boarding with them. At forty-six Barnum
found himself once more at the foot of the ladder--beginning life
anew.
"The situation is disheartening," he said, "but I have
experience, energy, health, and hope."
CHAPTER XXVI. IDLENESS WITHOUT REST.
ANNOYING PERSECUTIONS OF CREDITORS--SUMMER ON LONG ISLAND--THE
BLACK WHALE PAYS THE BOARD BILL--THE WHEELER & WILSON COMPANY
REMOVE TO EAST BRIDGEPORT--SETTING SAIL FOR ENGLAND.
In the summer of 1855 Barnum had sold the American Museum to
Messrs. John Greenwood, Jr., and Henry D. Butler. They paid
nearly twice as much for the collection as it had originally
cost, giving notes for nearly the entire amount, securing the
notes by a chattel mortgage, and hiring the premises from Mrs.
Barnum, who owned the Museum property lease, and on which, by
agreement of the lessees, she realized something like $19,000 a
year. The chattel mortgage was, of course, turned over to the New
York assignees with the other property.
Barnum's widespread reputation for shrewdness was, in his present
difficulties, destined to be the cause of considerable annoyance
to him. Certain outside creditors who had bought clock notes at a
tremendous discount, believing that Barnum's means were still
ample, made up their minds that they must be paid at once without
waiting for the sale of the property by assignees.
They, therefore, took what is known as "supplementary
proceedings," by which is meant an examination before a judge,
compelling the debtor to disclose, under oath, everything in
regard to his property, his present means of living, and so on.
"Putting Barnum through a course of sprouts," as they expressed
it, came to be a very frequent occurrence. One creditor after
another hauled him up, and the attorneys would ask the same
questions which had already been answered a dozen times.
This persistent and unnecessary annoyance created a great deal of
sympathy for the man, the papers took his part, and even the
judges before whom he appeared, personally sided with him,
although they were obliged to administer the law. After a while,
the judges ruled that he need not answer any questions propounded
by an attorney, if he had already answered the same question in
any previous examination.
In fact, one of the judges lost all patience on one occasion, and
said sharply to the examining attorney:
"This, sir, has become simply a case of persecution. Mr. Barnum
has many times answered every question that can properly be put
to him, to elicit the desired information; and I think it is time
to stop these examinations. I advise him not to answer one
interrogatory which he has replied to under any previous
inquiries.
Public-domain text, read in full here on John Shaqi.
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