P. T. Barnum：Struggles and Triumphs, Additional Excerpt 392

In the fall of 1852 a proposition was made by certain parties to commence the publication of an illustrated weekly newspaper in the City of New York. The field seemed to be open for such an enterprise, and I invested twenty thousand dollars in the concern, as special partner, in connection with two other gentlemen, who each contributed twenty thousand dollars, as general partners. Within a month after the publication of the first number of the _Illustrated News_, which was issued on the first day of January, 1853, our weekly circulation had reached seventy thousand. Numerous and almost insurmountable difficulties, for novices in the business, continued however to arise, and my partners becoming weary and disheartened with constant over-exertion, were anxious to wind up the enterprise at the end of the first year. The good-will and the engravings were sold to _Gleasons Pictorial_, in Boston, and the concern was closed without loss.

Source： https://www.gutenberg.org/ebooks/50115
Locator：Additional excerpt 392 · Verified：2026-10-19 · Verification：Short excerpt

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