Business: Fourth Down

Last week Jesse Lauriston Livermore went bankrupt. It was his fourth failure as the most purple, the most fabulous living U. S. stock trader. He listed liabilities of $2,259,212.48, assets of $184,900. mostly life insurance. To a dancer named Lucille Ballantine he had promised to pay $150 per month for five years for keeping him "cheered and amused'' while he was getting his second divorce. One Naida L. Krasnova, once employed in his Chicago office, was suing him for breach of promise. His State and Federal income taxes were over $560,000 in...

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