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
Barnum was staying at the Astor House, in New York, when, on the
morning of December 18, 1857, he received a telegram from his
brother, Philo F. Barnum, dated at Bridgeport, and informing him
that Iranistan was burned to the ground that morning. The alarm
was given at eleven o'clock on the night of the 17th, and the
fire burned till one o'clock on the morning of the 18th.
This was, of course, a considerable loss to Barnum's estate, for
the house had cost about $150,000. It was also generally regarded
as a public calamity. This house had been the only building in
its peculiar style of architecture of any pretension in America,
and many persons had visited Bridgeport every year expressly to
see it. The insurance on the mansion had usually been about
$62,000, but Barnum had let some of the policies expire without
renewing them, so that at the time of the fire there was only
$28,000 insurance on the property. Most of the furniture and
pictures were saved, generally in a damaged state.
Subsequently, the assignees sold the grounds and outhouses of
Iranistan to Elias Howe, Jr., the inventor of the sewing-machine.
The property brought $50,000, which, with the $28,000 insurance
went into Barnum's assets to satisfy clock creditors. It was Mr.
Howe's intention to erect a splendid mansion on the estate, but
his untimely and lamented death prevented the fulfilment of the
plan.
CHAPTER XXIX. THE ART OF MONEY GETTING.
THE LECTURE FIELD--SUCCESS--CAMBRIDGE--OXFORD--AN UNIQUE
ENTERTAINMENT--BARNUM EQUAL TO THE OCCASION--INVITED TO STAY A
WEEK.
Seeing the necessity of making more money to assist in
extricating his affairs from financial disorder, Barnum went back
to England, taking with him Tom Thumb, whom he exhibited in all
the principal places of England, Scotland and Wales; this was
early in 1858.
The tour was a profitable one, and the money, as fast as it came
in, was remitted to his agents and assignees in America.
At the suggestion of some of his American friends In London,
Barnum next appeared on the lecture platform. The subject chosen
was "The Art of Money Getting," although Barnum told his friends
that in the light of recent events he felt more competent to
speak on the art of money losing. But they assured him that his
name having been associated with the Jenny Lind concerts and
other great money-making enterprises, the lecture would
undoubtedly prove both attractive and profitable.
The lecture was widely advertised, of course, and at the
appointed time the great St. James' Hall, Regent Street,
Piccadilly, was completely filled. It was the evening of December
29, 1858. We subjoin extracts from the lecture, which was closely
listened to and well received by many more audiences than the one
which heard it first at St. James' Hall.
Public-domain text, read in full here on John Shaqi.
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