Bankers Enterprise Inc.). These operations were sold to a consortium for a substantial sum of money. He regretted the sale and bought them back a little later for about the same amount of money. In the meantime, as the wartime shipping bonanza ended, his companies ran into a crisis, and were declared bankrupt by 1921. In 1922 Bergens Kreditbank foreclosed on his home (now Solhaug school) and the surrounding of land. A new start, another life After his bankruptcy he moved to a little, but still operating saw mill in Gjølanger (Fjaler municipality, Sogn og Fjordane county), which his creditors had not attacked. He built a dam to float timber to the mill and a salmon ladder. He also established a grain mill, a grocery shop, a steam ship quay, a telephone line and a power station. He also operated a lime kiln in Smilden, on the north bank of Åfjorden (a fjord), between Hyllestad and Sørbøvåg. It was a hard life with little sleep. While building a new house for himself in Gjøanger he lived in Hellevik and had to walk the distance of five kilometers twice each day. From Hellevik to the Smilden kiln the distance was 20 km along a footpath. He also started a forestry operation. By the beginning of the 60's, some 30 years later, he had planted altogether 200,000 spruce trees. From the bottom again After the Second World War, his new businesses slowly kept growing. In the more or less roadless Dalsfjorden area, Gjølanger became the place with the most frequent steam ship arrivals. But in 1951 the mill, the power plant, and the shop were all destroyed by fire. He was underinsured and once again had to start from almost zero, with some insurance money and help from his fellow villagers. His wife Hilda died suddenly in 1960. His daughter from his first marriage, Sunniva, married Johannes Gaussereide. He later married Hildur Tyssedal, who had been employed in his shop. Public contributions At the top of his career about 1916–17, he bought land in the outskirts of Bergen. The land near his residence, Lea Hall, he bought to build one family houses with garden for workers. He made development plans for the area. The area and plan was sold to the public authorities for a modest sum of money. The plans were later partly realized. He engaged architect Schumann Olsen to make