Decline in Later Life
Ringling’s health soon began to fail and the Great Depression (which gripped the nation almost as soon as he acquired the American Circus Corporation) dealt a severe financial blow to the John Ringling empire. He lost virtually his entire fortune, but was able to retain his home, the museum, and his extensive art collection. His wife, Mable, died in June 1929 and he remarried on June 19, 1930 to Emily Haag Buck in Jersey City, New Jersey.
Ringling was voted out of control of the business in 1932 by its board of directors and Sam Gumpertz was placed in corporation.
John and Emily Haag Buck divorced on July 6, 1936.
Read more about this topic: John Ringling
Famous quotes containing the words decline and/or life:
“I rather think the cinema will die. Look at the energy being exerted to revive it—yesterday it was color, today three dimensions. I don’t give it forty years more. Witness the decline of conversation. Only the Irish have remained incomparable conversationalists, maybe because technical progress has passed them by.”
—Orson Welles (1915–1984)
“The whole life of an American is passed like a game of chance, a revolutionary crisis, or a battle.”
—Alexis de Tocqueville (1805–1859)