Books [I Wanted to be a Merchant]
“I had complete confidence in Johnson and left all of the financial part of the business to him. It took three years for me to realize what a terrible mistake I had made for, when I did examine our affairs the firm had become heavily involved. I exerted every effort to pull out of the hole we were in. I, personally, borrowed $2,100 but it wasn't long before I realized that in spite of this we were going further and further in debt. We were finally forced into a receivership. I then persuaded the Miller Brothers to buy out the business which they did in May 1935. They changed the name of the firm and retained me as manager for two and a half years. At the end of that time one of the Brothers became dissatisfied with the return on his investment and they decided to close out the business.
“There I was, left high and dry without even a job. After a short time I secured employment with one of our large cotton firms. They paid me $20 a week for one year. At this point the government took charge of the cotton situation, with a resultant general slowing up of the cotton business and my salary was reduced to $15 a week.