In 1930, at the beginning of the Great Depression, Jim's bank is not doing well. He couldn't afford to pay a seamstress to finish creating a custom dress for his wife, and was even at Richard Topham's house begging for money. Jim, like Gloria and Emily, was led to believe that Josiah had left a large sum of money to him in his will, however, all that was left to him was a typewriter and an old, busted clock. Jim later tried to pawn the key to the clock for some extra money.
After Nancy uncovers Josiah's real will, Jim is left with a large sum of money which allows him to keep his bank functioning.