(Q) Should [
257] continue relations with Federal Furniture
Factories as their sales manager without demanding payment of
past due commissions? or what should [
257]'s attitude be on
this subject?
(A) There should be the concrete understanding of the
relationships that are to exist between the Federal Furniture
Factories and [
257], and that association, position, place,
that [
257] is to occupy, maintain, or acquire, with this
connection. We would not DEMAND same. We would come to an
amiable understanding OF the relationships that are to exist.
There is seen that there are many conditions to be considered
in this connection. Hence there has been given that the body
should be patient, long-suffering - yet such may become
wearisome, tiresome, and unreasonable; yet there are in this
association and connections greater possibilities than may be
attained or gained through association in other directions,
when there has been so much of self spent in maintaining,
gaining, and reaching the present position. Hence it would
be foolhardy on the part of self to make demands, until there
is a more perfect according condition between those
relationships being attained and maintained and reached by
those comprising, making, and handling the Federal Furniture
Factories and associations of same - see?
(Q) How can this concrete understanding be brought about in
an amiable way, and when can it be successfully consummated?
(A) This, as we see, would refer back just to that
information as has been given concerning same. There are
other influences, other conditions, other propositions, that
are and have been, and where knowledge is had concerning
other propositions. Get these propositions in concrete form
and manner, so that these are NOT in a way where there would
be the committing of self to LEAVE firm, but use same rather
as a prize and a basis upon which others may see that the
worth of the individual endeavors are necessary. In other
words, as this: When there is an offer of $50,000, $75,000,
a $100,000 as a salary, that gives a concrete basis upon
which an amiable settlement and condition may be brought
about. As long as no one sets any criterion, or any basis
upon which this may be maintained or reached, there's
necessarily - as in any undertaking - this would be kept as
low as is possible TO keep, see?
(Q) When should this attempt be made? before Mr. Isaacs goes
to Europe, or after he returns?
(A) These may be brought into BEING, and a consideration
given same before September, or before he goes to Europe, and
the consummation may not be entirely completed until AFTER
the return - but give a basis upon which to operate. There
will also be seen there will be propositions wherein a
portion, or a part time of the endeavors of the entity may be
given to other channels, see? under the supervision of the
body, but the DIRECTING channel through other sources. These
will also have their influence that will bring about the
consummation of a concrete, definite, basis upon which to
operate. There will be so much time allowed, or all time
required by the body for such and such basis. There should
not be considered less than $75,000 to $100,000 salary basis.
(Q) Why do they demur at this time in making a settlement of
past due commission?
(A) That same basis upon which those connected with same
have continued to delay. That's a portion of the
individuality of those in charge of business - delay as long
as possible; yet when forced issue - as has been given
concerning same, there are others interested that are factors
in amount given to individuals. These have held off, and
hold off, for other considerations, see? Hence the forced
issue may be brought about. Not any act on the part of those
so closely associated to do that not right - but just, "Put
it off just long as we can."
(Q) Should [
257] send a telegram - which he has in mind - to
the members of the firm during the coming week, before Mr.
Isaacs sails for Europe?
(A) In a part, yes - but have more complete basis upon which
to work. Do not make a definite stand, that you either give
or take basis; that it must be made concrete basis upon which
to work.
(Q) Is it the intention of the firm to make full settlement
on commission basis of the four years of [
257]'s accomplish-
ment?
(A) Yes and no. There are to be - the intent and purpose,
that is, are to be that other considerations, associations,
other conditions, are to enter in, rather than the pure
commission basis. Commission basis, yes - but not wholly as
cash basis. Bonuses, stocks, associations, connections,
relations, time for other conditions, etc.
(Q) Will the Albert Pick stock - which the firm would give
to the entity - be of value during this year?
(A) Be of value during this year. Not a great deal value,
but more than par at present - on which basis it is being
operated.
(Q) Will the business be successful under the present
management?
(A) Be successful under the present management.
(Q) Are the bankers at the Manufacturers Trust Co. - Mr.
Ralph and Nathan Jonas - interested in keeping Isaacs,
Lauterstein and [
257], associated to-gether?
(A) Yes and no, again. There are DIFFERENCES of opinions as
concerning the associations. There has been and is that
consideration being taken thought of as to SEPARATING a
portion into heads of various departments, or of various
manufacturers - see?
(Q) Should [
257] go to St. Louis to see Mr. Isaac Orr in
reference the purchase of the Paris Medicine Co? of which he
is the executor?
(A) Well to consider same, and to approach same through and
in the way and manner as a whole, or a secondary
consideration, for that necessary to bring about the amiable
and concrete settlement with those connected - but we would
not break the furniture connection at the present time, for
[
257] would be able to draw MONEYS from both sources.
(Q) How should [
257] approach Mr. Orr on this subject of
purchasing the Paris Medicine Co?
(A) This will be given, and has been outlined, by self and
by others. Follow those leads as have been given.
(Q) Would it be advisable for [
257] to talk to Mr. Ginsberg
of the Saginaw Shops of Chicago, who has made a definite
offer in times past for [
257]'s services?
(A) Well to get a concrete, definite, UNDERSTANDING and
letter or paper concerning same - but don't bind self until
you're ready to.
(Q) How should [
257] present this information to the Federal
Furniture Factory executives?
(A) When these papers, or these letters, or these agreements
- that are based entirely UPON the OUTCOME of the settlement
to be made with present association in the Federal Furniture
Factories. That's first, see? These are to be based
entirely upon the future association with the Federal
Furniture Factories. Then when these are in hand, in the
concrete way and manner, simply present same in a BUSINESS
way and manner, making the appointment and stating to those
through whom these would be presented to the Board for
action. That of the regular business arrangement.
(Q) Should [
257] make any effort to meet again with Mr.
Jonas, who is the head of the Financial Industrial - which
controls the Federal Furniture Factories?
(A) Yes - when these are in hand, well. Not before.
(Q) Should he go through Mr. Isaacs and Mr. Lauterstein?
(A) Mr. Lauterstein.
(Q) Does Mr. Isaacs hold an antagonism for [
257], or is it
just his manner?
(A) More manner than real antagonism, for while it may be
termed an antagonistic condition - yet it is more of that
nature of being OUTDONE, than of pure antagonism. See the
difference?
(Q) Will Irving Isaacs be able to hold this position as the
head of the Albert Pick Co., Chicago?
(A) For the time, yes. As to future - that may change.
(Q) How long will he be able to hold this position?
(A) Too many things depend upon the action of the
individual, to give a definite prediction as to just the
period. For the next two or three years at least.
(Q) In reference to [
257]'s Chicago trip, has he started his
organization for national sales properly?
(A) Very good. The outline as set is proper. Necessarily
some minor changes in the way and manner these will be
presented in various centers. These will be seen, and the
body mind would be able to meet the exigencies as they arise.
(Q) Is it to [
257]'s benefit to continue this organization,
even though he has no definite understanding of his firm's
treatment to him - once he accomplishes his work?
(A) Correct; for, as has been given, merit that position one
would attain or acquire for. Think not that others do not
see that these are being builded on the correct principles.
(Q) Do Isaacs and Lauterstein -
(A) (Interrupting) realize this condition? They certainly
do!
(Q) Is body of [
257] following the advice as the forces have
desired him to live and act?
(A) Would [
257] consider that as has been given, there would
be seen - as has been often given to others - that in action
one acquires an understanding. The acquiring and the
accomplishment should be the answer.
We are through for the present.
BACKGROUND
3/31/28 He obtained Business Reading
257-26.
6/09/28 He was allowed to conduct his own Business Rdg.
257-27.
REPORTS
6/18/28 He obtained Business Rdg.
257-28.