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:
“Where mass opinion dominates the government, there is a morbid derangement of the true functions of power. The derangement brings about the enfeeblement, verging on paralysis, of the capacity to govern. This breakdown in the constitutional order is the cause of the precipitate and catastrophic decline of Western society. It may, if it cannot be arrested and reversed, bring about the fall of the West.”
—Walter Lippmann (1889–1974)
“I’ll bet your father spent the first year of your life throwing rocks at the stork.”
—Irving Brecher, U.S. screenwriter, and Edward Buzzell. J. Cheever Loophole (Groucho Marx)