P. T. Barnum：Struggles and Triumphs, Additional Excerpt 51

Meanwhile, I had taken Horace Fairchild into partnership in my mercantile business, in 1831, and I had sold out to him and to a Mr. Toucey, in 1833, they forming a partnership under the firm of Fairchild & Co. So far as I was concerned my store was not a success. Ordinary trade was too slow for me. I bought largely and in order to sell I was compelled to give extensive credits. Hence I had an accumulation of bad debts; and my old ledger presents a long series of accounts balanced by “death,” by “running away,” by “failing,” and by other similarly remunerative returns. I had expended money as freely as I had gained it, for I had already learned that I could make money rapidly and in large sums, when I set about it with a will, and hence I did not realize the worth of what I seemed to gain so readily. I looked forward to a future of saving when I should see the need of accumulation.

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Locator：Additional excerpt 51 · Verified：2026-10-19 · Verification：Short excerpt

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