Despite the postponement of the annual Mummers Parade because of rain and snow on New Year's Day, 1929 seemed to begin bright with promise. With just under two million people, Philadelphia was the third-largest city in the United States and the 10th-largest in the world. There were more than 4,000 musicians and only 2,291 lawyers.
Spring training was just a few weeks away, and The Inquirer predicted that the Philadelphia Athletics would field a powerhouse that would win the American League pennant. The nation was about to inaugurate a new president, Republican Herbert Hoover, and an Inquirer editorial gushed: "The country has made wonderful progress under Coolidge. There is no anticipation other than it will continue to make wonderful progress under Hoover." The Broad Street Subway, whose construction the newspaper had energetically supported, had just started running.