Life of Hon. Phineas T. Barnum [57]
their salaries not exceeding together one hundred and fifty dollars per night; to support for her a carriage, two servants, and a friend to accompany her and superintend her finances. I will furthermore pay all and every expense appertaining to her appearance before the public, and give her half of the gross receipts arising from concerts or operas. I will engage to travel with her personally, and attend to the arrangements, provided she will undertake to give not less than eighty, nor more than one hundred and fifty concerts, or nights' performances. PHINEAS T. BARNUM.
I certify the above to be a true extract from the letter. J. H. WILTON.
There was no Atlantic cable in those days, and Barnum did not know the result of Wilton's embassy until the latter returned to America. Barnum was in Philadelphia when Wilton landed in New York, on February 19. Wilton at once telegraphed to him that he had secured the singer, who was to come over and begin her concerts in September. The great showman was startled, and felt pretty nervous; and as so long a time was to elapse before she came over, he thought it best to keep the whole matter a secret for a time.
When we reflect how thoroughly Jenny Lind, her musical powers, her character, and wonderful successes, were subsequently known by all classes in this country as well as throughout the civilized world, it is difficult to realize that, at the time this engagement was made, she was comparatively unknown on this side the water. We can hardly credit the fact that millions of persons in America had never heard of her, that other millions had merely read her name, but had no distinct idea of who or what she was. Only a small portion of the public were really aware of her great musical triumphs in the Old World, and this portion was confined almost entirely to musical people, travellers who had visited the Old World, and the conductors of the press.
Barnum telegraphed to Wilton to keep the matter secret, and next morning set out for New York. But it was too late. When he got to New York, he found the news of the engagement in full in all the papers. Everybody was talking about it, and wondering who Jenny Lind was, and Barnum soon perceived that he must improve the time, from then to September, in educating the public up to an approximate appreciation of her worth.
His first act was to send, as per agreement, the sum of $187,000 to Miss Lind's bankers in London. It was not altogether easy for him to do this. After he had scraped together all his available cash he was still short a large sum. He had plenty of securities in the form of second mortgages that were perfectly good, but no one in Wall street would lend him a dollar on them.
In his extremity, he at last went to the president of the bank where he had transacted his business for the past eight years. "I offered him," said Barnum afterward, "as security for a loan, my second mortgages, and, as additional security, I offered to make over to him my contract with Jenny Lind, with a written guaranty that he should appoint a receiver, who, at my expense, should take charge of all the receipts over and above $3,000 per night, and appropriate them toward the payment of my loan He laughed in my face, and said: 'Mr. Barnum, it is generally believed in Wall street that your engagement with Jenny Lind will ruin you. I do not think you will ever receive so much as $3,000 at a single concert.' I was indignant at his want of appreciation, and answered him that I would not at that moment take $150,000 for my contract; nor would I. I found, upon further inquiry, that it was useless in Wall street to offer the 'Nightingale' in exchange for 'Goldfinches.' I finally was introduced to Mr. John L. Aspinwall, of the firm of Messrs. Howland & Aspinwall, and he gave me a letter of credit from his firm on Baring Brothers, for a large sum on collateral securities, which a spirit of genuine respect for my enterprise induced him to accept.
"After disposing of several pieces of property for cash,
I certify the above to be a true extract from the letter. J. H. WILTON.
There was no Atlantic cable in those days, and Barnum did not know the result of Wilton's embassy until the latter returned to America. Barnum was in Philadelphia when Wilton landed in New York, on February 19. Wilton at once telegraphed to him that he had secured the singer, who was to come over and begin her concerts in September. The great showman was startled, and felt pretty nervous; and as so long a time was to elapse before she came over, he thought it best to keep the whole matter a secret for a time.
When we reflect how thoroughly Jenny Lind, her musical powers, her character, and wonderful successes, were subsequently known by all classes in this country as well as throughout the civilized world, it is difficult to realize that, at the time this engagement was made, she was comparatively unknown on this side the water. We can hardly credit the fact that millions of persons in America had never heard of her, that other millions had merely read her name, but had no distinct idea of who or what she was. Only a small portion of the public were really aware of her great musical triumphs in the Old World, and this portion was confined almost entirely to musical people, travellers who had visited the Old World, and the conductors of the press.
Barnum telegraphed to Wilton to keep the matter secret, and next morning set out for New York. But it was too late. When he got to New York, he found the news of the engagement in full in all the papers. Everybody was talking about it, and wondering who Jenny Lind was, and Barnum soon perceived that he must improve the time, from then to September, in educating the public up to an approximate appreciation of her worth.
His first act was to send, as per agreement, the sum of $187,000 to Miss Lind's bankers in London. It was not altogether easy for him to do this. After he had scraped together all his available cash he was still short a large sum. He had plenty of securities in the form of second mortgages that were perfectly good, but no one in Wall street would lend him a dollar on them.
In his extremity, he at last went to the president of the bank where he had transacted his business for the past eight years. "I offered him," said Barnum afterward, "as security for a loan, my second mortgages, and, as additional security, I offered to make over to him my contract with Jenny Lind, with a written guaranty that he should appoint a receiver, who, at my expense, should take charge of all the receipts over and above $3,000 per night, and appropriate them toward the payment of my loan He laughed in my face, and said: 'Mr. Barnum, it is generally believed in Wall street that your engagement with Jenny Lind will ruin you. I do not think you will ever receive so much as $3,000 at a single concert.' I was indignant at his want of appreciation, and answered him that I would not at that moment take $150,000 for my contract; nor would I. I found, upon further inquiry, that it was useless in Wall street to offer the 'Nightingale' in exchange for 'Goldfinches.' I finally was introduced to Mr. John L. Aspinwall, of the firm of Messrs. Howland & Aspinwall, and he gave me a letter of credit from his firm on Baring Brothers, for a large sum on collateral securities, which a spirit of genuine respect for my enterprise induced him to accept.
"After disposing of several pieces of property for cash,