Financial reverses caused the closing of the school, in these quarters, and on November 8, 1929, the building was acquired by the Businessmen's Assurance company, which renovated and remodeled the structure and used it until the BMA Tower opened in 1963.
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With Sweeney liquidating his assets following the 1929 financial crisis, the Cook Paint and Varnish Company acquired WHB from Sweeney on April 4, 1930.
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