[1][3] The company at one time considered merging with six other, unnamed aviation firms to form a much larger manufacturing concern,[4] but this plan was never acted on.
The company continued to develop a large line of aircraft, but the onset of the Great Depression left it significantly weakened.
[1] Day returned to the firm as president in 1930, but sold his financial interest in the company in the spring of 1931.
[1] Despondent over the collapse of his company, Gates committed suicide on November 24, 1932.
[6] Media related to New Standard Aircraft Company at Wikimedia Commons