His death brought financial disaster besides its more serious grief. . . . [W]ith his passing, the rest of the board [of the Owyhee Land and Irrigation Company] lost their initiative & courage. The corporation was unwisely dissolved at a time when my grandfather would have persevered—with the result that others reaped the wealth which should have gone to its stockholders. My mother & I were forced to vacate the beautiful estate at 454 Angell Street, & to enter the less spacious abode at 598, three squares eastward.[48] This was probably the most traumatic event Lovecraft experienced prior to
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