Pine Bluff daily graphic., 1917-01-25
JESS LIvERMORE bOY PLUNGER"
 SCOREESS AGAIN
speculator's Buying Annui. " III Days of Plenty His
 Salvation.

! Ne" York, Jan. 23.-This is the tale of man who made and lost millions III the stock market and then came pack and made more millions, the lat ter chapters furnish the most extra ofalhary part of the story. Likewise It may be called the story of a mar "ho buried his talent in a napkin-but not so deep that he couldn't dig it up fer himself.
 In 1908 Jesse l.. liNermore admit : ted he was $3090 ,o00 winner on the val street game. Two years later fe2t $S 00G coo ned ioinea the last year. eifds' nests. Today young Hir. I'-}ermore quietly admits that he has as&lh cleaned Up 6 sum not far from Jhe fhfco million mark. Two million oollar" e this, it is said. has been %'sec 70 square up the debts he owed "hen ne went into bankruptcy two years ago. With the other million and half or so MT. and Mrs. Livermorc are having 8 pretty good time, thank Nnu ahe qoneratulat;ng themselves '}21 inc young husbands foresight thar led him to recognize the faet that foitay s :: volatile essence, and runs south just as easily as it runs north
 ine boy pluaSer." as Ak. Liver. more was known when he first came into the iinelight, was born in Mas SaGhrsetts in 1877, and at the age ef 10 went 70 work in a Boston brokers office marking quotations on the board for S6 week. He began to speculate in bucket shops, threw up his job. and before he was 20 had ac. cumulated 8 snug little fortune of $2o'0o0. A year lated he had noth Ing. His carer was d series of yio- lent ups and tumultous downs. Then ne saw the bear market of 1907 loom Ing over the financial horizon. and came 70 New York with his young Wife, to whom he was devoted. Long before Wall Street knew of his ex- lstence he had money scattered through all the bands. He didn't wait for the very finish of the bear market but closed his trades and announced that he was out. He had cleaned up his $3.000000.
 It was at this time that the Liver more foresight came into play. The young Speculator bought an annuity Of S2O,00O a year and mad it so tied up that he couldn't borrow against It. mortgage 1t, or in any other pos sible way get nickel of it or pledge that nickel to any one else in ad- vance. He might have obtained the same income at that moment by buy ing bonds. But the tempetation would always have been present to pledge the bonds # luck had turned against him. It is understood that he pro vided for Mrs. Livermore in the same manner. He left the market and went yachting. By and by he came back. Sully, the cotton expert, showed him where he could become king of that staple. The papers were filled With stories of his success for a time.
 Then-that bull corner that he and Sully engineered collapsed. The time came when Livermore was down to his last check. His associates came to him with the assurance that if he would put up half million more he could carry the corner to safety The only half million he had was the sum locked up in the annuity. That he could not toudh. He had paid the lawyers to devise burglar~proo plan of purchase. He could not borrow a penny of that money in advance if he were starving. So he had to re fuse that last half million. And the cotton corner came to an inglorious smash.
 On February 17, 1915, the young man who short time bcsore had had millions of dollars at his command, filed voluntary petition in bank ruptcy in the Federal court in this
 city. He estimated his liabilities at
 $1O2,474, and plae ed no value on his assets, which were meager.
 But he still had the income from his annuity, which was not affected by
 the bankruptcy proceedings. With the income from their individual annul-