In October of 1929 the stock market crash sent tremors throughout the national economy and many businesses were declared insolvent and went bankrupt. Although the Schnitzius family lost nearly everything and the company was ousted from its building, at Elm and Walton in today's downtown Dallas, Schnitzius Manufacturing Company never went bankrupt or halted production. By the mid-thirties Thomas Harry Schnitzius had retired, turning over operations to his two sons, George and Pat.