Struggles and Triumphs · Chapter 41 (2/2)

Bennett evidently felt ashamed of the whole transaction; he would never publish the facts in his columns, though he once stated in an editorial that it had been reported that he had been cheated in purchasing the Broadway property; that the case had gone to court, and the public would soon know all the particulars. Some persons supposed by this that Bennett had sued me; but this was far from being the case. The owner of the lots sued Bennett, to compel him to take the title and pay for the property as per agreement; and that was all the “law” there was about it. He held James Gordon Bennett’s bond, that he would pay him half a million of dollars for the land, as follows: $100,000 cash, and a bond and mortgage upon the premises for the remaining $400,000. The day before the suit was to come to trial, Bennett came forward, took the deed, and paid $100,000 cash and gave a bond and mortgage of the entire premises for $400,000. That lien still exists against the Herald property.

Had I really taken back the lease as Bennett desired, he would have been in a worse scrape than ever; for having been compelled to take the property, he would have been obliged, as my landlord, to go on and assist in building a Museum for me according to the terms of my lease, and a Museum I should certainly have built on Bennett’s property, even if I had owned a dozen Museums up town. As it was, Bennett was badly beaten on every side, and especially by the managers, who forever established the fact that the Herald’s abuse was profitable, and its patronage fatal to any enterprise; and who taught Mr. Bennett personally the lesson of his own insignificance, as he had not learned it since the days when gentlemen used to kick and cowhide him up and down the whole length of Nassau Street. In the autumn of 1868, the associated managers came to the conclusion that the punishment of Bennett for two years was sufficient, and they consented to restore their advertisements to the Herald. I was then associated with the Van Amburgh Company in my new Museum, and we concluded that the cost of advertising in the Herald was more than it was worth, and so we did not enter into the new arrangement made by the Managers’ Association.