Grand View Hospital

1932 - Grand View Survives the Depression…Barely

Depression, 1932On Thursday, October 24, 1929, appropriately called “Black Thursday”, the stock market collapsed and the depression of the thirties was upon us. At this time, Grand View’s capital debt was $77,000.

During one month alone, 80% of all X-ray work was free. The people of the communities, realizing the hospital’s dilemma, responded to the best of their capacities by donating food, textiles, many hours of labor and limited sums of money. It is impossible to enumerate the thousands of donations by the people in this hour of need. We were impoverished, but our plight was no different than the nation as a whole.

And, treasurer Snyder’s annual report at the end of 1932 was precariously close to red ink.

Income $56,374.21
Expenditures $56,373.58
Balance $0.63

The hospital’s finances turned around swiftly due in large part to Rev. Paul G. Klingler, hired as financial secretary in 1931. By implementing a pay-as-you-go policy for supplies and working to collect delinquent accounts, the financial situation of the hospital improved. Partly through his efforts, the capital debt was reduced to $70,828 in 1934.

Source: adopted from A History of Grand View Hospital by Walter J. Hendricks, MD

GVH TIMELINE
  • Grand View History - Video

    1913

  • Remembering a First, 1917

    1917

  • Depression, 1932

    1932

  • Maternity/Pediatrics - Video

    1939

  • community oil painting

    1952

  • Mary Afflerbach - Video

    1963

  • First Ortho Specialist, 1965

    1965

  • Drs. Levin/Generations - Video

    1973

  • Arm Reattachment Video

    1977

  • Hospice, 1981

    1981

  • Pennsburg Outpatient Clinic, 1986

    1986

  • CardioTec, 1992

    1992

  • CHOP Pediatrics, 1996

    1996

  • Flowers Family, 2004

    2004

  • Cath Lab, 2009

    2009

  • Cancer Care - Video

    2012

  • Heart Vascular - Video

    2012

  • Grand View Hospital Three Generations, 2012

    2012

  • Centennial - Full Video

    2012

  • annual-meeting-still

    2013

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