Business & Finance: Fallen Ringling

One summer evening last year a Manhattan newspaper carried a story that John Ringling was in a private hospital recovering from an amputation of both legs. Mr. Ringling, who was actually at Coney Island's Half Moon Hotel recovering from an infected blister on his instep, was exceedingly angry. The huge moon-faced circus tycoon summoned the Press. Sitting in an armchair, he waved two thick, muscular legs at the reporters and shouted: "It's terrible to send out a story of that kind. I have many friends all over the country and they will be...

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