At the commencement of 1897 it seemed as if everything was against me. In the trade the fight for my customers was waged with renewed vigor, and one after another names which had been on our books for years were dropped from the lists of our supporters. We tried to retain them and they tried to have us do so, giving us every possible advantage, but it was useless. We could not compete against the wealth of our competitors. In our efforts to do this we made losses, small in individual instances, but we knew if continued our little capital would soon be exhausted. Our banking facilities since the liquidation of the old affairs had been greatly restricted. The business was now too small to be of any interest to the bankers and the commissions exacted cut into the profits to such an extent there was nothing left for us. With no capital, our London connection had entirely lost its value, and this same lack of capital prevented us from doing business with our old speculative clients. With my mind harassed by the weight of my monthly obligations, support of family, office expenses, payments to Mrs. Slater and Mr. Pell, and the more or less constant inquiry from some of my moral (as I call them) creditors as to how soon I could commence making them monthly payments, my brain was well-nigh turned. I was beginning to realize the true meaning of the word desperation. Is it any wonder that in this condition of mind my judgment should have failed me or that my operations should turn out badly? At all events, such was the case. Whatever I did in the market it always seemed as if a relentless fate pursued me. I felt as if I must make money and I lost it. Through this time of trial my wife was still the same loving, cheerful helpmate. Nothing could daunt her courage nor depress her spirits. If she had her hours of worry, she kept them from me. We decided to move into a smaller house and sell our surplus household appointments, works of art, and my library. It was hard to part with all the beautiful things we had lived amongst so long, and when it came to the library I fear our tears were very close to the surface. We arranged for a small house at Sound Beach, Connecticut, a new and pretty cottage directly on the Sound. Our small payments were to apply on the purchase and we hoped in this way to once more own a home. Early in April there was a three-days' sale at the Knickerbocker auction rooms. I attended the sale and witnessed, with aching heart, the slaughter--for such it proved. With the exception of an exquisite set of Webb cut glass, manufactured on an original design and never duplicated, and a very small part of the rare china, the prices realized averaged but little more than ten per cent. of the cost. The great chest of Gorham silver brought hardly its bullion value.