Here's that other page (http://freepages.history.rootsweb.ancestry.com/~shepaug/amusement/lakewood.html).

One of the emails collected there claims the coaster was shut down after somebody died on it, which is not so implausible, but I've heard no mention of this anywhere else, and such rumors tend to accumulate about every roller coaster in the world. My general impression is that, after the great wooden-coaster boom of the 1920s, times were really tough for amusement parks at the start of the Depression.