P. T. Barnum：Struggles and Triumphs, Additional Excerpt 402

Besides the inducement which we held out to purchasers to obtain their lots at a merely nominal price, we advanced one half, two-thirds, and frequently all the funds necessary to erect their buildings, permitting them to repay us in sums as small as five dollars, at their own convenience. This arrangement enabled many persons to secure and ultimately pay for homes which they could not otherwise have obtained. We looked for our profits solely to the rise in the value of the reserved lots, which we were confident must ensue. Of course, these extraordinary inducements led many persons to build in the new city, and it began to develop and increase with a rapidity rarely witnessed in this section of the country. Indeed, our speculation, which might be termed a profitable philanthropy, soon promised to be so remunerative, that I offered Mr. Noble for his interest in the estate, $60,000 more than the prime cost, which offer he declined.

Source： https://www.gutenberg.org/ebooks/50115
Locator：Additional excerpt 402 · Verified：2026-10-19 · Verification：Short excerpt

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