But such doubts of his future and anxiety for his past could only
occupy minutes in the busy days of such an active mind as Barnum’s
always was. The smooth operation of the Museum allowed him time
for other activities and gave him money to devote to them. His
preoccupation with the autobiography and his interest in humbugs could
not occupy all that time and required no money. East Bridgeport real
estate filled in the gap. His bankruptcy had not discouraged him from
business activity, and he was still infatuated with the development of
his ideas for a model suburb.
After the destruction of “Iranistan” by fire, Barnum built
“Lindencroft,” a modest house, as impressive as its neighbors, but
not extraordinary in its architecture. During the period of Barnum’s
recuperation from bankruptcy East Bridgeport had grown into the
consummation of his hopes. Other large factories had followed the
Wheeler & Wilson sewing machine buildings, and there were now many
neat houses for mechanics and laborers where six years before there
was nothing but farm land. It was one of Barnum’s greatest pleasures
until the end of his life, he tells us, to drive through “those busy
streets, admiring the beautiful houses and substantial factories, with
their thousands of prosperous workmen, and reflecting that I had, in so
great a measure, been the means of adding all this life, bustle, and
wealth to the City of Bridgeport.”
As soon as he had repurchased some of his former holdings in his pet
suburb, Barnum renewed his activities as a real estate operator with
a philanthropic turn of mind. He began a campaign for the sale of
houses and put notices in the Bridgeport newspapers urging “Every Man
to Own the House He Lives In.” He offered to lend money at six per
cent. to any number, not exceeding fifty “industrious, temperate, and
respectable individuals who desire to build their own houses.” The
houses were to be paid for in small weekly, monthly, or quarterly
instalments, in amounts of not less than three per cent. per quarter.
The owners could engage their own builders and build according to any
reasonable plan, subject always to Barnum’s approval, but he himself
bought materials in bulk, and he offered to build “nice dwellings,
painted and furnished with green blinds,” for $1,500 each.
Public-domain text, read in full here on John Shaqi.
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