(Q) Relative to sale of whole of [
182] & [
195] Mfg. Co.,
Dayton, to H. S. Talbott & Co. for cash and preferred stock,
would this be advantageous at this time?
(A) This condition depends entirely upon the desires of the
individual and of those that would handle same. Hence there
is seen there are many associations, or many conditions to be
considered as respecting such. First we find (this is as for
and against) this change would be SATISFACTORY, especially to
the PARTNER [
182] of [
195], and would bring about some
changes that would be well. On the other hand there is to be
considered the advisability of accepting even preferred stock
when those in charge of same are not WHOLLY acquainted with
the conditions necessary for the furtherance of the business
in the proper way and manner. Yet, as has been given, this
would present a well and good opening, were it possible for
the business to remain under the direction of one well
acquainted with the needs of conditions. Still, there is to
be considered the faults and the adverse conditions in the
manufacture of the product as has been manufactured by this
company, and the improvements as are being presented by other
companies launching the sale of articles to take the place or
fill greater needs, in a manner, than this very same
commodity. Now, these put on an EQUAL footing, we would find
that that ALREADY in use is the more acceptable one - with
the modifications as might be made with same. These would
not be on an equal basis with one understanding the needs and
the distribution of the proposition, but with the two
concerns seeking to propagate, or to present this same
commodity, these would be nearer on equal basis. While we do
not find that under proper conditions the cups, or the
commodities as would be manufactured by others making
especial inroads on the sale or distribution of the article
manufactured; yet these must be considered. Hence we would
give, summing that pro and con for the condition, the
elements as would be the better would be for [
195] to
associate self with one who would give sufficient financial
backing to carry on the work in the way and manner as is in
the mind of [
195] - for under the supervision of that mind,
as is in a way ready to DIRECT the policies of this
proposition as a SELLING organization, success would come
EVEN at a GREATER way and manner than as has been shown in
the last two to three years; for the proposition has
presented so many angles that this body, this member of the
firm, has been the only one to consider or to study the
policies as have been adopted by the selling organization,
the only one offering a change in a way and manner as would
bring better conditions, or the more ready sale for the
product, see? for, as has been given respecting the product
in the various states, under the various laws, where the
various measures are meted out, in their act of the states,
these will meet more nearly the REQUIREMENTS of those laws
than those other products of the similar nature that HAVE
been used, or may be brought out in that contemplated change
in other measures. With the contemplated changes as would be
under the supervision of [
195], these would be sent a much
better article and one more readily of sale.
(Q) As far as [
195] is concerned, would it be better to have
members of Winters Bank take on [
182]'s interest and run
[
182] Mfg. co. as a corporation?
(A) Just as given.
(Q) Is there competitive danger arising from measure to be
made by Columbus Brass Co. of Columbus, Ohio, and will it
affect earnings of [
182] Co. in 1928 - 29 and 30?
(A) Only in the way and manner as has been outlined - under
certain conditions the effect would be, see?
(Q) Is there foreseen that Lawson Co. of Cincinnati, Ohio,
will make a competitive measure within next few years? When,
if ever?
(A) We do not find so at present, unless there were many
changes made in that handling of this organization and its
products. Without a great change in this product for better
we do not find same presented. With the great change in the
product and the keeping of the same character (in its weak
points) we would find there might eventually be such a
measure produced through the Cincinnati concern, or by
association of others with same.
(Q) Relative to suit against W. W. Gray of Evansville,
Indiana, for accounting to Margaret Patterson - purchase of
her rights and holdings under all wills of Gray Brothers, is
it W. W. Gray's intention of settling suit by purchase of
Mrs. Patterson's interest? At what time?
(A) This, as we find, is a CONSIDERED measure, yet we do not
find same as YET being consummated, though this may be
brought about by the various circumstances and pressures as
may be brought to bear as concerning same; for, as we find,
in fact, there were - or have been - portions of the holdings
under this will, or document, that have not as yet been
wholly accounted for. This in part has held up the
settlement in that the FEAR of this being brought out, or of
this being discovered, until such a time that this would
become safe - this has brought some troubled conditions in
the minds of ones handling same. Eventually we would find
this would be settled in an amicable and in a satisfactory
manner to all.
We are through with this reading.
BACKGROUND
9/30/27 He obtained business reading
195-46 in re sale of his
[
182] & [
195] Mfg. Co.
10/26/27 He wrote: "Things are still pending and I'll have
to ask for another reading [
182] wants to sell out, on
account of new competetion which is about to arise, and I'd
like to stay with the ship but the only deals which we have
are for the whole company." [Questions enclosed]
REPORTS
11/05/27 He wrote: "Thanks very much for rushing my reading
to me so promptly."
12/11/27 He was present for business reading
195-48.
Edgar Cayce Readings © 1971, 1993, 1994, 1995 by the Edgar Cayce Foundation