The family met with financial ruin in 1935. Georg had transferred his savings from a bank in London to an Austrian bank run by a friend named Frau Lammer. Austria was experiencing economic difficulties during a worldwide depression because of the Crash of 1929 and Lammer's bank failed. To survive, the Trapps discharged most of their servants, moved into the top floor of their house, and rented out the other rooms. The Archbishop of Salzburg, Sigismund Waitz, sent Father Franz Wasner to stay with them as their chaplain and this began their singing career.
