The Ballad of Baby Doe diamond necklace. Baby Doe's mother tells the Roman Catholic priest about Baby and Horace's divorces—which he didn't know of. Scandal rocks the party, but is stopped when President of the United States Chester Arthur comes in and toasts the couple. Act II chronicles the disintegration of Baby and Horace's riches. Augusta warns of the gold standard, but Horace doesn't listen. Horace politically backs William Jennings Bryan for president. When Bryan loses, Horace is abandoned by his party. In the final scenes, Horace asks to see the opera house he built so long ago, though he no longer owns it. On
Baby Doe Tabor magnate almost twice her age. In 1883 he divorced his first wife, to whom he had been married for 25 years, and married Baby Doe in Washington, D.C. during his brief stint as a US senator, after which they took up residence in Denver. His divorce and remarriage to the young and beautiful Baby Doe caused a scandal in 1880s Colorado. Although Tabor was one of the wealthiest men in Colorado, supporting his wife in a lavish style, he lost his fortune when the repeal of the Sherman Silver Purchase Act caused the Panic of 1893 with widespread bankruptcies in