GC: You will have before you the body and the enquiring mind
of [
257], who is at the Drake Hotel, Chicago, Ill. Also you
will have before you his business associations, conditions
and possibilities at Elizabethton, Tennessee for benefit of
the body, and his associations with Charles O'Connor, E. C.
Alexander - of Elizabethton, Tennessee - and George F.
Dugger, Attorney. You will answer the questions which I will
ask you regarding these.
EC: Yes, we have the body, the enquiring mind, [
257], and
those associations - or contemplated conditions as regarding
associations - with O'Conner, Alexander, Dugger.
Now, irrespective of questions that might be asked concerning
these, or have been asked - be very mindful of these
conditions; for while we find the propositions as have been
presented to the body, and the conditions as surround the
development and the establishment of the institution, all
are good; yet there are many things yet to be considered
before one might expect to receive large returns very soon
from such an association at the present time. True, property
in and about Elizabethton will be valuable; yet there are
many places with as much return, or more, without the risk as
at PRESENT attached with the purchase of such property; for
the greater part of these conditions - that is, the output,
the financial standing, the financial position of the
surrounding territory and of that to be manufactured, IS ON
PAPER rather than an established fact!
Then we would give as this, rather than that asked:
Consider well these conditions and keep in touch with these
people, yet let them make the second offer, or second
approach, before there would be any definite action taken.
We are through for the present.
Copy to Self - Wired also
Copy to Ass'n file
BACKGROUND
12/24/27 He obtained Business Rdg.
257-23.
1/11/28 He submitted questions for Business Rdgs. 257-24 and
257-25.
REPORTS
1/16/28 He obtained Business Rdg.
257-25.



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