By all accounts, the problem was mainly that the book just didn't work well enough, and the lead actress playing their mother, Shelley Winters, wasn't...well, let's just say she apparently wasn't cut out for Broadway. She's affective on the album, though in a sort of "out-of-breath" way, so it's easy to envision the performance not working on stage.
This is one of the particularly enjoyable numbers that has all the boys. It'll be easy to figure out who is who. Except for people who only think there were three Marx Bros. who performed in the movies. The fourth is Herbert, better known as Zeppo, who was the romantic lead in their early films. (There actually was a fifth, Milton, who acted a bit on stage in the early years as "Gummo.") But this is the four of them, singing, "Where Was I When They Passed Out Luck?"