Despite the development of the centrifugal refrigeration machine and the commercial growth of air conditioning to cool buildings in the 1920s, the company ran into financial difficulties, as did many others, as a result of the Wall Street Crash in October 1929.
Unatoč razvitku centrifugalnog hladnjaka i komercijalnog rasta potrebe za klimatizacijom zgrada dvadesetih, tvrtka se ubrzo našla u financijskim poteškoćama, kao i druge tvrtke, zbog pada Wall Streeta u listopadu 1929.