Career · Entrepreneur memoirs

P. T. Barnum:Struggles and Triumphs, Additional Excerpt 428

P. T. Barnum《Struggles and Triumphs》· Struggles and Triumphs · Leadership

Meanwhile, my eyes were fully opened to the entire magnitude of the deception that had been practised upon my too confiding nature. I not only discovered that my notes had been used to five times the amount I stipulated or expected, but that they had been applied, not to relieving the company from temporary embarrassment after my connection with it, but almost wholly to the redemption of old and rotten claims of years and months gone by. To show the extent to which the fresh victim was deliberately bled, it may be stated that I was induced to become surety to one of the New Haven banks in the sum of $30,000 to indemnify the bank against future losses it might incur from the Jerome company after my connection with it, and by some legerdemain this bond was made to cover past obligations which were older even than my knowledge of the existence of the company. In every way it seemed as if I had been cruelly swindled and deliberately defrauded.

Source: https://www.gutenberg.org/ebooks/50115
Locator:Additional excerpt 428 · Verified:2026-10-19 · Verification:Short excerpt

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