Difference
Made $10,000 a Year But Spent a Good Deal More, and Now Owes $18,000 With No Assets
London. August 22.- A statement of the condition of Oscar Wilde's finances which has just been issued shows his liabilities to be £3,591, with no available assets. His insolvency is ascribed by him to the failure of his action for libel against the Marquis of Queensberry who is now a petitioning creditor seeking the payment of costs of his defence, which the court ordered Wilde to pay. Wilde's income has averaged £2,000 ($10,000) a year chiefly derived from his literary and dramatic work. He has been insolvent two years, his expenditures having greatly exceeded his income.
London, Aug. 22.—A statement of the condition of Oscar Wilde’s finances shows his liabilities to be £3591, with no available assets. His insolvency is ascribed by him to the failure of his action for libel against the Marquis of Queensberry, who is now a petitioning creditor seeking the payment of the costs of his defence, which the court ordered Wilde to pay. Wilde’s income has averaged £2000 a year, chiefly derived from his literary and dramatic work. He has been insolvent two years his expenditures having greatly exceeded his income.