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to a standstill. The Curtiss Flying Service was bankrupt and the Cessna Company found itself with a new factory, tremendously in debt and no Sales Department.
Cessna personally refused to give up and continued to sell a few planes occasionally. The glider movement showed some signs of life, so he brought out a simple, well build primary type selling for $398.00. In 1930 over 300 of these were sold. At the same time Cessna brought out a 2-seat, side-by-side high wing light sport monoplane, powered but an Aerones, 2 cylinder, 30 H.P. engine, but it was never put into production. 
The company continued through 1930, selling a few planes and their glider, but by January, 1931 they were in real financial difficulties and the Board of Directors met to make decisions regarding the company. Cessna pleaded not to close the plant, but a new Board was elected and he was out of the firm. Heart broken, he turned in his keys and left, but he was not through.
With his son Eldon a shop was established in Wichita, called the C.V. Cessna Aircraft Company, and there during 1931-1933 they build special race planes for nationally known pilots for competition flying. The original Cessna Aircraft Company had never formally gone into bankruptcy, but rented the buildings to keep the company solvent until they might be able to resume plane production.
In 1933 Cessna's nephew, Dwane Wallace, a young graduate aeronautical engineer, approached him about reopening the plant to resume building planes. Cessna told him "You get me back in as President and we will do it". After much manipulation Wallace succeeded in bringing about a new election of officers and on January 10th, 1934 Cessna was re-elected President. Roscoe Vaughn was Vice-President, Dwight, Wallace Secretary and Treasurer, and Dwane Wallace was Plant Manager. 
New planes were designed and revisions made on some of their former machines but business was slow and it was a tough, hard struggle through the next two or three years, and in late 1935 Cessna longed to retire and return to his farm at Rago, Kansas. In December he sold his stock to the Directors, but retained the Presidency until October, 1936 when he resigned.
In retirement Cessna acquired a large tract of land adjoining his former
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