e whole world, and has never been clearly understood. Barnum claimed that he was cheated and swindled by this company, robbed of his property and name, and

asis, and once more comes forward to cater for the public amusement at the American museum. To day, between the acts of the play, Mr. Barnum will appear upon his own stage, in his own costly character of the Yankee Clockmaker, for which he qualified himself, with the most reckless disregard of expense, and will "give a brief his

m, he was trying to sell the stock he held in the company. They finally cooked up a plan to sell their New York store and the Bridgeport factory and machinery, if they could, to the Jerome Manufacturing Company, taking stock in that company for pay, and-the Jerome Company stock being issued to the owners of the Terry & Barnum stock-thus merge the two companies into one. This transaction was made and closed without my knowledge, (I being at the time from the State,) though the "old man" has had to bear all the blame. As I afterwards found out, Barnum told my son, the Secretary of the Company, that Terry & Barnum owed about twenty thousand dollars: this was the amount Terry had drawn for on the New York store. They made a written agreement with the Jerome Manufacturing Company, to this effect;-that our Company should assume the liabilities of their old Company, which were stated at twenty thousand dollars, and Barnum was to endorse to any extent for the Jerome Company. It afterwards proved that the entire debts of Terry & Barnum amounted to about seventy-two thousand dollars, which the Jerome Company were obliged to assume. The great difference in the real and supposed amount of their indebtedness and the unsaleable property turned in as stock were enough to ruin any company. It is a positive fact that the stock of the Jerome Company was not worth half as much, three months after Barnum came into the concern as it was before that time. Some of the stock-holders did not like to have Terry own stock, and Barnum to satisfy them, bought him out, paying him twelve thousand dollars in cash-he in the end, making a grand thing out his Ansonia remains. It is well known that the Jerome Manufacturing Company failed in the fall of 1855, to the wonder and astonishment of myself and of every body else. The true causes of this great failure never have been made public. I myse

pers 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

ught against him. Thus the news went abroad that poor Barnum was hunted and troubled on every side with these clock notes. It was reported that he was quite sick in England and could not live, and, at another time, that being much depressed and discouraged on account of his many troubles, he had taken to drinking very har

ompany so deeply that he became almost desperate; for knowing by this time that he had been greatly embarrassed, he was determined to raise money in any way that he could, honestly, and get out of the difficulty if possible. He had, as he thought, got to keep this an entire secret, because if known it would ruin the credit of the Company. When these extra drafts and notes of Terry & Barnum were added to the debts of the Company, he was obliged to resort to various expedients to raise money to pay them. This led him to the exchange of notes on a large scale, which proved to be a great loss, as many of the parties were irresponsible. There was a loss of thirty thousand dollars by one man, and I am sure that there must have been more than fifty thousand dollars lost in this way. He was also obliged to issue short drafts and notes and raise money on them at fearful rates. The Terry & Barnum stock which was taken in at par, was n

notes and drafts and that he was thus rendered responsible to a far

ution and health. I was never designed by Providence to eat the bread of dependence, for it is like poison to me, and will s