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
Meanwhile, I had taken Horace Fairchild into partnership in my
mercantile business, in 1831, and I had sold out to him and to a Mr.
Toucey, in 1833, they forming a partnership under the firm of Fairchild
& Co. So far as I was concerned my store was not a success. Ordinary
trade was too slow for me. I bought largely and in order to sell I was
compelled to give extensive credits. Hence I had an accumulation of bad
debts; and my old ledger presents a long series of accounts balanced by
“death,” by “running away,” by “failing,” and by other similarly
remunerative returns. I had expended money as freely as I had gained it,
for I had already learned that I could make money rapidly and in large
sums, when I set about it with a will, and hence I did not realize the
worth of what I seemed to gain so readily. I looked forward to a future
of saving when I should see the need of accumulation.
There was nothing more for me to do in Bethel; and in the winter of
1834-5, I removed my family to New York, where I hired a house in Hudson
Street. I had no pecuniary resources, excepting such as might be derived
from debts left for collection with my agent at Bethel, and I went to
the metropolis literally to seek my fortune. I hoped to secure a
situation in some mercantile house, not at a fixed salary, but so as to
derive such portion of the profits as might be due to my individual
tact, energy, and perseverance in the interests of the business. But I
could find no such position; my resources began to fail; my family were
in ill health; I must do something for a living; and so I acted as
“drummer” to several concerns which allowed me a small commission on
sales to customers of my introduction.
Every morning I used to look at the “wants” in the _Sun_ for something
that would suit me; and I had many a wildgoose chase in following up
those “wants.” In some instances success depended upon my advancing from
three hundred to five hundred dollars; in other cases a new patent
life-pill, or a self-acting mouse trap was to make my fortune. An
advertisement announcing “An immense speculation on a small capital!
$10,000 easily made in one year!” turned out to be an offer of Professor
Somebody at Scudder’s American Museum to sell a hydro-oxygen microscope,
offered to me at two thousand dollars--one thousand in cash and the
balance in sixty and ninety days, on good security,--and warranted to
secure an independence after a short public exhibition through the
country. If I had the desire to undertake this exhibition and
experiment, I had not the capital. Other and many similar temptations
were extended, but none of them seemed to open the door of fortune to
me.
Public-domain text, read in full here on John Shaqi.
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