Edward speculated heavily in real estate, and gradually lost the family's wealth in the depression that followed the Panic of 1873, and when Louis was seven, the family lost their home, moving to Saratoga, New York, with help from Eliza's family.
Edward speculated heavily in real estate. Edward gradually lost the family's wealth in the depression. This depression followed the Panic of 1873. The family lost their home. The family was moving to Saratoga with help from Eliza's family. Louis was seven. Saratoga was New York.