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
His first act was to send, as per agreement, the sum of $187,000
to Miss Lind's bankers in London. It was not altogether easy for
him to do this. After he had scraped together all his available
cash he was still short a large sum. He had plenty of securities
in the form of second mortgages that were perfectly good, but no
one in Wall street would lend him a dollar on them.
In his extremity, he at last went to the president of the bank
where he had transacted his business for the past eight years. "I
offered him," said Barnum afterward, "as security for a loan, my
second mortgages, and, as additional security, I offered to make
over to him my contract with Jenny Lind, with a written guaranty
that he should appoint a receiver, who, at my expense, should
take charge of all the receipts over and above $3,000 per night,
and appropriate them toward the payment of my loan He laughed in
my face, and said: 'Mr. Barnum, it is generally believed in Wall
street that your engagement with Jenny Lind will ruin you. I do
not think you will ever receive so much as $3,000 at a single
concert.' I was indignant at his want of appreciation, and
answered him that I would not at that moment take $150,000 for my
contract; nor would I. I found, upon further inquiry, that it was
useless in Wall street to offer the 'Nightingale' in exchange for
'Goldfinches.' I finally was introduced to Mr. John L. Aspinwall,
of the firm of Messrs. Howland & Aspinwall, and he gave me a
letter of credit from his firm on Baring Brothers, for a large
sum on collateral securities, which a spirit of genuine respect
for my enterprise induced him to accept.
"After disposing of several pieces of property for cash, I footed
up the various amounts, and still discovered myself $5,000 short.
I felt that it was indeed the last feather that breaks the
camel's back.' Happening casually to state my desperate case to
the Rev. Abel C. Thomas, of Philadelphia, for many years a friend
of mine, he promptly placed the requisite amount at my disposal.
I gladly accepted his proffered friendship, and felt that he had
removed a mountain-weight from my shoulders."
And now nothing remained to do but to arouse public curiosity and
interest. Barnum was a master-hand at that work, and never did he
show himself more of a master than on this occasion. He kept the
press literally teeming with notices in one form or another. Here
is a sample of the strain in which he wrote:
"Perhaps I may not make any money by this enterprise; but I
assure you that if I knew I should not make a farthing profit, I
would ratify the engagement, so anxious am I that the United
States should be visited by a lady whose vocal powers have never
been approached by any other human being, and whose character is
charity, simplicity, and goodness personified.
Public-domain text, read in full here on John Shaqi.
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