Everybody lost their money – Minute 27
That was tough. Nobody realized, I’ll tell you right now how tough it was – to be without money. Especially when the banks – when Hoover closed – when the banks were closed that time in the ’30s. Imagine having a checking account and no money in it. You couldn’t cash a check until they reorganized, which took a little while, you know. And people were in bad shape all the way through. First National Bank here in Great Falls was the only one that paid off. All the other banks when they opened didn’t, and everybody lost their money. Some banks paid 10 or 15 percent. That’s all. The rest of it lost.