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
Nothing could have pleased me better. He then asked me what security I
could offer in case he concluded to make the purchase for me, and it was
finally agreed that, if he should do so, he should retain the property
till it was entirely paid for, and should also appoint a ticket-taker
and accountant (at my expense), who should render him a weekly
statement. I was further to take an apartment hitherto used as a
billiard room in an adjoining building, allowing therefor, $500 a year,
making a total rent of $3,000 per annum, on a lease of ten years. He
then told me to see the administrator and heirs of the estate, to get
their best terms, and to meet him on his return to town a week from that
time.
I at once saw Mr. John Heath, the administrator, and his price was
$15,000. I offered $10,000, payable in seven annual instalments, with
good security. After several interviews, it was finally agreed that I
should have it for $12,000, payable as above--possession to be given on
the 15th November. Mr. Olmsted assented to this, and a morning was
appointed to draw and sign the writings. Mr. Heath appeared, but said he
must decline proceeding any farther in my case, as he had sold the
collection to the directors of Peale’s Museum (an incorporated
institution), for $15,000, and had received $1,000 in advance.
I was shocked, and appealed to Mr. Heath’s honor. He said that he had
signed no writing with me; was in no way legally bound, and that it was
his duty to do the best he could for the heirs. Mr. Olmsted was sorry,
but could not help me; the new tenants would not require him to incur
any risk, and my matter was at an end.
Of course, I immediately informed myself as to the character of Peale’s
Museum company. It proved to be a band of speculators who had bought
Peale’s collection for a few thousand dollars, expecting to join the
American Museum with it, issue and sell stock to the amount of $50,000,
pocket $30,000 profits, and permit the stockholders to look out for
themselves.
I went immediately to several of the editors, including Major M. M.
Noah, M. Y. Beach, my good friends West, Herrick and Ropes, of the
_Atlas_, and others, and stated my grievances. “Now,” said I, “if you
will grant me the use of your columns, I’ll blow that speculation
sky-high.” They all consented, and I wrote a large number of squibs,
cautioning the public against buying the Museum stock, ridiculing the
idea of a board of broken-down bank directors engaging in the exhibition
of stuffed monkey and gander skins; appealing to the case of the
Zoölogical Institute, which had failed by adopting such a plan as the
one now proposed; and finally I told the public that such a speculation
would be infinitely more ridiculous than Dickens’s “Grand United
Metropolitan Hot Muffin and Crumpet-baking and Punctual Delivery
Company.”
Public-domain text, read in full here on John Shaqi.
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