Struggles and Triumphs P. T. Barnum (the beginning after the end read novel .TXT) 📖

Meanwhile, my pet city, East Bridgeport, was progressing with giant strides. The Wheeler and Wilson Sewing Machine manufactory had been quadrupled in size, and employed about a thousand workmen. Numerous other large factories had been built, and scores of first-class houses were erected, besides many neat, but smaller and cheaper houses for laborers and mechanics. That piece of property, which, but eight years before, had been farm land, with scarcely six houses upon the whole tract, was now a beautiful new city, teeming with busy life, and looking as neat as a new pin. The greatest pleasure which I then took, or even now take, was in driving through those busy streets, admiring the beautiful houses and substantial factories, with their thousands of prosperous workmen, and reflecting that I had, in so great a measure, been the means of adding all this life, bustle and wealth to the City of Bridgeport. And reflection on this subject only confirmed in my mind the great doctrine of compensations. How plain was it in my case, that an “apparent evil” was a “blessing in disguise!” How palpable was it now, that, had it not been for the clock failure, this prosperity could not have existed here. An old citizen of Bridgeport used to say to me, when, a few years before, he had noticed my zeal in trying to build up the east side:

“Mr. Barnum, your contemplated new city is like a fire made with chestnut wood; it burns so long as you keep blowing it, and when you stop, it goes out!”

I like, nowadays to laugh at him about his “chestnut wood fire.” Of course, I did blow the fire in all possible ways, but the result proved that the wood which fed the fire was not chestnut, but the best and soundest old hickory. The situation was everything that could be desired, and I knew that in order to induce manufacturers to establish their business in the new city, a prime requisite was the advantage I could offer to employers, agents and workmen, to secure good and cheap homes in the vicinity of their place of labor. To show the method I adopted to secure this end, I copy from the files of the Bridgeport Standard, an offer which I made, and the editorial comment thereon. This offer, I may add, was not so much for the purpose of blowing the fire, which was already fairly roaring with a lively blaze, as for the sake of helping those who were willing to help themselves, and, at the same time, contribute to my happiness, as well as their own, by forwarding the growth of the new city.

“New Houses in East Bridgeport.

“Every Man to Own the House He Lives in.

“There is a demand at the present moment for two hundred more dwelling-houses in East Bridgeport. It is evident that if the money expended in rent can be paid towards the purchase of a house and lot, the person so paying will in a few years own the house he lives in, instead of always remaining a tenant. In view of this fact, I propose to loan money at six percent to any number, not exceeding fifty, industrious, temperate and respectable individuals, who desire to build their own houses.

“They may engage their own builders, and build according to any reasonable plan (which I may approve), or I will have it done for them at the lowest possible rate, without a farthing profit to myself or agent, I putting the lot at a fair price and advancing eighty percent of the entire cost; the other party to furnish twenty percent in labor, material or money, and they may pay me in small sums weekly, monthly or quarterly, any amount not less than three percent per quarter, all of which is to apply on the money advanced until it is paid.

“It has been ascertained that by purchasing building materials for cash, and in large quantities, nice dwellings, painted and furnished with green blinds, can be erected at a cost of $1,500 or $1,800, for house, lot, fences, etc., all complete, and if six or eight friends prefer to join in erecting a neat block of houses with verandas in front, the average cost need not exceed about $1,300 per house and lot. If, however, some parties would prefer a single or double house that would cost $2,500 to $3,000, I shall be glad to meet their views.

P. T. Barnum.

“February 16, 1864.”

The editor of the Standard printed the following upon my announcement:

“An Advantageous Offer.⁠—We have read with great pleasure Mr. Barnum’s advertisement, offering assistance to any number of persons, not exceeding fifty, in the erection of dwelling houses. This plan combines all the advantages and none of the objections of Building Associations. Any individual who can furnish in cash, labor, or material, one-fifth only of the amount requisite for the erection of a dwelling house, can receive the other four-fifths from Mr. Barnum, rent his house and by merely paying what may be considered as only a fair rent for a few years, find himself at last the owner, and all further payments cease. In the meantime, he can be making such inexpensive improvements in his property as would greatly improve its market value, and besides have the advantage of any rise in the value of real estate. It is not often that such a generous offer is made to working men. It is a loan on what would be generally considered inadequate security, at six percent, at a time when a much better use of money can be made by any capitalist. It is therefore generous. Mr. Barnum may make money by the operation. Very well, perhaps he will, but if he does, it will be by making others richer, not poorer; by helping those who need assistance, not by hindering them, and we can only wish that every rich man would follow