Barnum advertised in the New York newspapers that he had $2,500 to
invest in a reliable business and wanted a partner with such an
organized business. He received ninety-three answers, one third from
saloonkeepers and the rest from interesting miscellaneous promoters.
One man was a counterfeiter and needed Barnum’s $2,500, he admitted,
to purchase paper, ink, and new dies. Finally Barnum entered into
partnership with Proler, a German manufacturer of water-proof blacking
for boots, Cologne water, and bear’s grease. Proler took charge of the
factory, and Barnum opened a store on the Bowery, where he sold the
products of the factory. Their capital, that is, Barnum’s money, was
soon absorbed, and Barnum sold his interest to his partner, taking
Proler’s note for $2,600. Before his note came due, Proler sailed for
Rotterdam, and Barnum was left with nothing for his $2,500 but four
recipes, one for bear’s grease, which grew hair on a bald head, one for
Cologne water, one for blacking, and one for water-proof paste.[3]
Without money again, Barnum was also without employment in the spring
of 1840. He hired the saloon of Vauxhall Garden in New York and offered
a variety performance, in which Mary Taylor, later one of the country’s
favorites, first appeared in New York. Jack Diamond, the first, and for
a long time the most popular, dancer of negro dances in this country,
also performed under Barnum’s management. But the Vauxhall Garden
venture did not make money, and after less than two months Barnum was
forced to close his show. He hated the thought of once more becoming
a traveling showman, separated from family, but he had just enough
money left for one more trial at this business, and he took Master Jack
Diamond, the dancer, a fiddler, and a delineator of Yankee characters
on a tour of Canada, New York State, and the Northwest. They finally
reached New Orleans, and Barnum had $100. He had left New York with
that amount, so that his four months’ tour had yielded nothing but
expenses. In New Orleans the receipts were good, but Master Diamond,
who had borrowed large sums from Barnum, absconded, and Barnum returned
to New York in April, 1841, determined never to leave it again in the
capacity of traveling showman.
He was thirty-one years old, and had had varied experiences, but no
success. The foundation of his subsequent career was being laid, but up
to this time the small accident which starts one on the way to partial
realization of dreams had not yet happened to him. Barnum had tried
vigorously to contribute by his enterprise to his success, but the
financial depression that reigned throughout the country during this
period, together with losses sustained by the duplicity of a partner,
or the state of the weather, caused him to find himself at the age of
thirty-one in the same financial position he had occupied upon his
arrival in New York five years before.
Public-domain text, read in full here on John Shaqi.
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