Struggles and Triumphs: or, Forty Years' Recollections of P. T. BarnumBarnum, P. T. (Phineas Taylor)
General
Struggles and Triumphs: or, Forty Years' Recollections of P. T. Barnum
Barnum, P. T. (Phineas Taylor)
Barnum, P. T. (Phineas Taylor), 1810-1891; Circus owners -- United States -- Biography
In the summer of 1855, previous to my financial troubles, feeling that I
was independent and could retire from active business, I sold the
American Museum collection and good will to Messrs. John Greenwood,
Junior, and Henry D. Butler. They paid me double the amount the
collection had originally cost, giving me notes for nearly the entire
amount secured by a chattel mortgage, and hired the premises from my
wife, who owned the Museum property lease, and on which, by the
agreement of Messrs. Greenwood and Butler, she realized a profit of
$19,000 a year. The chattel mortgage of Messrs. Greenwood and Butler,
was, of course, turned over to the New York assignee with the other
property.
And now there came to me a new sensation which was at times terribly
depressing and annoying. My wides-pread reputation for shrewdness as a
showman had induced the general belief that my means were still ample,
and certain outside creditors who had bought my clock notes at a
tremendous discount and entirely on speculation, made up their minds
that they must be paid at once without waiting for the slow process of
the sale of my property by the assignees.
They therefore took what are termed “supplementary proceedings,” which
enabled them to haul me any day before a judge for the purpose, as they
phrased it, of “putting Barnum through a course of sprouts,” and which
meant an examination of the debtor under oath, compelling him to
disclose everything with regard to his property, his present means of
living, and so on.
I repeatedly answered all questions on these points; and reports of the
daily examinations were published. Still another and another, and yet
another creditor would haul me up; and his attorney would ask me the
same questions which had already been answered and published half a
dozen times. This persistent and unnecessary annoyance created
considerable sympathy for me, which was not only expressed by letters I
received daily from various parts of the country, but the public press,
with now and then an exception, took my part, and even the Judges,
before whom I appeared, said to me on more than one occasion, that as
men they sincerely pitied me, but as judges of course they must
administer the law. After a while, however, the judges ruled that I need
not answer any question propounded to me by an attorney, if I had
already answered the same question to some other attorney in a previous
examination in behalf of other creditors. In fact, one of the judges, on
one occasion, said pretty sharply to an examining attorney:
“This, sir, has become simply a case of persecution. Mr. Barnum has many
times answered every question that can properly be put to him to elicit
the desired information; and I think it is time to stop these
examinations. I advise him to not answer one interrogatory which he has
replied to under any previous inquiries.”
Public-domain text, read in full here on John Shaqi.
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