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
"LADIES AND GENTLEMEN: I should be more or less than human, if I
could meet this unexpected and overwhelming testimonial at your
hands, without the deepest emotion. My own personal connection
with the Museum is now resumed, and I avail myself of the
circumstance to say why it is so. Never did I feel stronger in my
worldly prosperity than in September, 1855. Three months later I
was so deeply embarrassed that I felt certain of nothing, except
the uncertainty of everything. A combination of singular efforts
and circumstances tempted me to put faith in a certain clock
manufacturing company, and I placed my signature to papers which
ultimately broke me down. After nearly five years of hard
struggle to keep my head above water, I have touched bottom at
last, and here to-night I am happy to announce that I have waded
ashore. Every clock debt of which I have any knowledge has been
provided for. Perhaps, after the troubles and turmoils I have
experienced, I should feel no desire to re-engage in the
excitements of business; but a man like myself, less than fifty
years of age, and enjoying robust health, is scarcely old enough
to be embalmed and put in a glass case in the Museum as one of
its million of curiosities. 'It is better to wear out than rust
out.' Besides, if a man of active temperament is not busy, he is
apt to get into mischief. To avoid evil, therefore, and since
business activity is a necessity of my nature, here I am, once
more, in the Museum, and among those with whom I have been so
long and so pleasantly identified. I am confident of a cordial
welcome, and hence feel some claim to your indulgence while I
briefly allude to the means of my present deliverance from utter
financial ruin. Need I say, in the first place, that I am
somewhat indebted to the forbearance of generous creditors. In
the next place, permit me to speak of sympathizing friends, whose
volunteered loans and exertions vastly aided my rescue. When my
day of sorrow came, I first paid or secured every debt I owed of
a personal nature. This done, I felt bound in honor to give up
all of my property that remained toward liquidating my 'clock
debts.' I placed it in the hands of trustees and receivers for
the benefit of all the 'clock' creditors. But at the forced sale
of my Connecticut real estate, there was a purchaser behind the
screen, of whom the world had little knowledge. In the day of my
prosperity I made over to my wife much valuable property,
including the lease of this Museum building--a lease then having
about twenty-two years to run, and enhanced in value to more than
double its original worth. I sold the Museum collection to
Messrs. Greenwood & Butler, subject to my wife's separate
interest in the lease, and she has received more than $80,000
over and above the sums paid to the owners of the building.
Instead of selfishly applying this amount to private purposes, my
family lived with a due regard to economy, and the savings
Public-domain text, read in full here on John Shaqi.
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