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Big Spender
On inheriting more than $ 1 million in cash and oil wells, one of the fastest fortune losers in modern times, deserted his wife, moved into a smart New York hotel and began offering champagne and oysters to all comers. In one year of riotous living in 1864, John Washington Steel, known as Coal-Oil Johnny, got through his entire inheritance. Then, sober and bankrupt, he went back to his wife, moved west to Nebraska, and found a job as a railway goodsyard supervisor. He died - solvent, but not rich - in 1920.
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