rs
worth of stock. The stock was increased in this way to two hundred
thousand dollars. The financial affairs were managed by the Secretary,
Mr. Squires, and a man by the name of Bissell. They made a great many
additions to the factory which I thought quite unnecessary, enlarging
the buildings, putting in a new engine and a great deal of costly
machinery. They laughed at me because I found fault with these things
and called me an old fogy. I was not pleased with the management at all
times, and although I had retired from active busines [Transcriber's
note: sic], I felt a deep interest in the affairs of the company, and
owned a large amount of the stock. The Secretary thought I was always
looking on the dark side and prophesying evil, because I frequently
remonstrated with him on the many extravagancies which were constantly
being added to the establishment. I frequently told him that if the
company should fail, I should have to bear the whole blame, because my
name was known all over the world. He always told me in the strongest
terms that I need give myself no uneasiness about that, as the company
was worth a great deal of money. Things went on in this way till the
year 1855, and while I was absent from the State, P.T. Barnum was
admitted as a member of our company. Within six months from that time,
the Jerome Manufacturing Company failed, the causes of which, and the
results, I have clearly and truthfully narrated in another part of this
book. The causes were not fully understood by me at that time. I have
found them out since, and deem it an act of justice to myself to make
them public. I was hopelessly ruined by this failure. The company had
used my name as endorser to a large amount, many times larger than I had
any idea of.

CHAPTER IX.

THE NEW HAVEN CLOCK COMPANY, AND OTHER CLOCK MANUFACTURERS IN
CONNECTICUT.

I will here give a brief account of the firms carrying on this
important business in Connecticut. The New Haven Clock Company, which
succeeded the Jerome Manufacturing Company, are now making more clocks
than any three other makers in the state. As I speak of the different
manufactories, I will give the outlines and standing of the men
connected with them. As their goods go all over the world, it is natural
and pleasant for men who are dealing in their goods to know what kind of
men they are at home, and what the community think of them. The New
Haven company is a joint-stock company. The head