The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1910-08-16
He MADE
SB00,000
IN \ DAY
But J. L. LlvsRMoR NAF-
ROWLY MISS 10 BEING
BRlKE
TlEO UP VA { MILLION
70 BRING $4,000 ANNUITY
Tlsn When He Wan Cd 10 Take
a Last Chancs Hs
COutA'i


Je SO l.. LivermDfe admitted that ne
was three million dollars winner on
the Wall street game, 4 hat three mil
lion dollars has joined last years
birds nests But when he was in the
flush Of his fortunes he took Out one
half million dollars and bought an
annuity os $4,000,
Il don't expect that viii ever need
it, he slid at the time But want
to make sure that II lose every 9th
er dollar III til have the means on
which to live"
beginning as a marker on Boston
blackboard, he had watched The course
of stocks until he felt that he could
yaoss ihe market Eventually he
came to New York with a few hun
dred dollars That was in 1906 Just
as the market was beginning to wab
BILE and sink beneath weight Of high
money and boosted lrlecs, Liver
more got on top OF The market and
sold right and lett.
Keep your mouth shut and 30 home
on time to. your wife" said Mr.. Liver
more. when a ked 10 explain his syB-
TEN in the street.
Wall Street Didn't Know Him;
That was the system that mlde
me safe" he said AS long as Wall
street doesn't know that you have any
money. no attention Is paid to you.
When Wall street finds out thar you
have bank roll, Wall street goes
a-gunning.'
He didn't even whisper until he
practically had decided to quit.
I'm three million dollars ahead.
he said i've bought va ht and my
wife and will enjoy life for while.
| was safe while Wall street didn't
know | had It, Now. II were to 80
into the market I'd lind traps set for
me.
II was at this time that he bought
the annuity OF $4,000 year aud had
II tied up so that he cannot borrow
against It. mortgage II or in any other
possible way get a nickel of II OF
pledge that nickel 10 anyone else In
advance He might have obtained the
same income at that moment by buy.
ing bonds. but the temptation to
pledge the bonds II luck hid turned
against him always would have been
ipresep, II is understood that he PRO
yided for Mrs 1iyermore In the anne
manner lie left the market and ven
Yachting
He Couldn't Stay Away
By and by he came back The high
sess do not give the same chance fol
actIon that the high rolls do lie
couldn't keen away s;ully, the cottot
expert. showed him where he coult
become . king of thai stafle. Th'
papers were filled with his success fol
a time One day he Is supposed +
have made s60n.oo0 net
Then that bull os'ner that be ant
Sulls engineered collapsed lher'
are those thai say that Liyerluor'
didn't ell quick enough II he lia'
boen sn older hand at the cotton gin
they say. he would have sold when h
got the chance and let someone els
pack the b1sket. These others sa.
that ethics do moi apply to the col
ton game The system In that pil
they say. is that your partners none
is jlisa as good as anyone else's.
locks Just The same on The credit sid
of The ledger.
He Couldn't Reach the Money.
no time clme when Livermor
was down 10 his last check. His 81
sneiates came to him with the ASSN
ancn that If he would put up one-ha
million or more he could carry tn
orncr TO safety. The only one4ha
million he had was the sum locked u
In tic annuity. That he could NJ
ionch. He had paid lawyers to d
wise burglar proof plan OF purchas
He could not borrow five-pence
that money in advance II be wei
starving. So he had to refuse thi
last one-mill'tn. And the cotton co
ner came to ar lnglorious smash.
Now MIR. and Mrs. Livermore, {
| lhoir individual annuities, are hayit
n fine time at the coast resorts. Ma
J be the boy plungcr' will come bas
10 the market enc Of these days 81
for the present that $4,000 incon
.eems about what the doctor prescri
, ed for him Once at the height
/ fame he said ~ IN interviewer:
ITO be sue. essful In Wall stree
: one must have large bump OF int
tlon and two larger bumps OF caution
Lirermore nov Il 30 years old