After planning his press campaign against the New York Museum Company,
Barnum called upon Heath and asked when the company of speculators was
to pay the additional $14,000 and take over the Museum. He was told
that December 26 was the day agreed upon, and he assured Heath that
the stock speculators would never pay the $14,000 on that day. With a
disinterested air, he announced his intention of traveling in the South
with his circus, and said that unless he could purchase the Museum on
December 27, if the New York Museum Company should forfeit its option,
he would never buy the Museum at any price, because of his other
interests. He agreed to postpone his trip to the South until December
27, but not a day later, and this time the agreement of sale was put
in writing. This agreement, Barnum insisted, must be kept strictly
confidential, and he told all his friends who inquired that he had lost
the chance to buy the Museum.
Meanwhile Barnum kept up his stream of publicity against the bogus
stock company. On December 1 he was asked to call upon the board of
directors of the New York Museum Company, in order to learn something
to his advantage. The directors offered Barnum the position as manager
of the new combined museums at his own price of $3,000 a year. He
stipulated that his duties and salary were not to commence until
January 1, 1842. As he was leaving the directors’ room, the chairman
remarked with a smile that, of course, the newspaper paragraphs would
now cease. Barnum replied that he always tried to serve the interests
of his employers; Barnum loved ambiguity and a pun. In order that the
public might forget Barnum’s paragraphs, the directors determined to
withdraw their stock-selling advertisements until after January 1.
They forgot completely about December 26 and their promised payment in
full, knowing that no one but Barnum wanted to purchase the Museum; and
did they not have him in their employ? On the morning of December 27
Barnum and his lawyer met Heath and Mr. Olmsted at Mr. Olmsted’s suite
in Park Place. At two o’clock in the afternoon he was in possession of
the American Museum, and his first official act was the dispatch of the
following letter:
“AMERICAN MUSEUM, New York, Dec. 27, 1841.
“_To the President and Directors of the New York Museum_:
“Gentlemen:--It gives me great pleasure to inform you that you
are placed upon the Free List of this establishment until further
notice.
P. T. BARNUM, Proprietor.”
II
Public-domain text, read in full here on John Shaqi.
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