propose to make them public, as it has been the general
impression almost every where that Barnum and myself
were associated in defrauding the community.
I
wish to have it understood that I never saw P.T.
Barnum, while he was connected with the Company
of which I was a member, have never seen him but once
since, and that was in February after the failure.
About this time law suits were being brought against
him, and as some supposed, by his friends. He
was called upon, or offered himself as a witness,
and I believe testified that he was worth nothing.
The natural effect of this testimony was to depreciate
the paper which his name was on. At the time when
I saw him, he told me that the Museum was his just
as much as it ever was, and that he received the profits,
which had never been less than twenty-five thousand
and were sometimes thirty thousand dollars per annum;
and yet, he was publicly stating that he was worth
nothing! He also, as I supposed, held securities
of the Jerome Manufacturing Company, to a large amount,
(as I suppose about one hundred thousand dollars,)
for I know that such papers had been in his hands.
There were many persons who were interested in the
revival of the business, who were in some way flattered
into the belief that Barnum would re-purchase the whole
clock establishment and put them back into the business
again. Several men were sent by some one to examine
the property and estimate its value, and those persons
who were anxious for a restoration of the business
were in some way led to believe that Barnum intended
to re-commence the business of clock-making.
For myself, I do not suppose that Barnum ever seriously
contemplated any such thing; but the belief that he
did, made some men quiet who might otherwise have
been active and troublesome.
The manner in which this matter has been represented
would reflect dishonesty upon the Secretary, which
would be untrue. No one who knows him will, or
can accuse him of dishonesty. I love truth, honesty
and religion; I do not mean, however, the religion
that Barnum believes in: (I believe that the
wicked are punished in another world.) I ask the reader
to look at my situation in my old age. I think
as much of a good name, as to purity of character
and honesty at heart, as any man living; and very
often reading in the New York papers of speeches that
Barnum has made, alluding to his being defrauded by
the Jerome Manufacturing Company, I wish the world
to know the whole facts in the case, and what my position
was in the Company which bore my name. After many
years— years of very active business life—I
had retired from active duty in the Company, although
I took a deep interest in every thing connected with
it, and also a great pride, as it was a business that
I had built up and had been many years in perfecting.
The manufacturing had been systematized in the most
perfect manner and every thing looked prosperous to
me. I owned stock as others did, but did not know
of its financial standing, and was always informed
that it was all right, and that I should be perfectly
safe in endorsing. I wish to have it understood
that I did not sign my name to any of this paper, it
being done by the Secretary himself, that therefore
I could not know of the amounts that were raised in
that way, that I did not find out till after the failure,
and then the large amounts overwhelmed me with surprise.