The Great Depression of the 1930s meant that the DCFA struggled financially and could not afford to hold annual meetings in 1932 and 1933 and from 1935 to 1940. In those years, business was conducted by mail. At one point, president Len Peto of Montreal loaned the DFA a considerable sum of money to stave off bankruptcy. The money was later repaid in full. Despite the hard times, Montreal-born goalkeeper Joe Kennaway signed for Scottish giants Glasgow Celtic in 1931 and was an immediate success. Toronto Scottish won a North American club championship in 1933 by beating holders and US champions Stix, Baer and Fuller F.C. at Chicago's Soldier Field by a score of 2–1.