Short on cash, R & V faltered during the Depression of 1920–1921. Reorganizing was attempted but R & V was declared bankrupt and the plant and machinery was sold by 1924.
Facing financial difficulties, R & V encountered challenges during the economic hardship of 1920–1921. An attempt to restructure the company was made, but ultimately, R & V was forced to file for bankruptcy, with its equipment and machinery being sold off by 1924.