Edgar Cayce Readings, 257-51

Time and Place: 10:40 A. M. Eastern Standard Time. New York City.

TEXT

GC: You will have before you [257] of the Federal Furniture Factories, 206 Lexington Ave., New York City, and those necessary minds to successfully close the Paris Medicine-Zonite deal, especially Ellery Mann of Zonite Co., McRoberts the banker, Edwin Grove of Paris Medicine Co., Attorneys Lande and Leon Lauterstein. Holliday and Littlefield, all in New York. You will direct [257] and associates in handling the deal, in order to carry out the advice as given by the Giver of all good and true information and gifts. You will answer the questions which I will ask you regarding this.
EC: Yes, we have those conditions, individuals, and those conditions surrounding individuals as respecting deal, or Zonite company and Paris Medicine Company. These, in many of their phases, we have had before. Ready for questions.
(Q) As the reading of Nov. 9th stated, in 19 days the Zonite Co. would accept proposition and state date of final payment. Why was this changed to present status?
(A) Not changed! Read that as was given! That, would each comply with that as agreed upon, this would occur, and would concur one with another, would act within the time given action was given. Are there not also seen many changes in individuals, and claims as to individuals not presenting or living up to the conditions as presented? These have not changed. Will each [if each will] present that as is promised, there will be no trouble in the consummation of the conditions of contract. This is the desire of those interested in Zonite Company, and these are willing - even as the other parties, or those interested in the medicine company - are in the status of desiring the change. These need only to make the offer, and that offered coincide with the statements made by each. There should be no trouble in making these in the proper form. Then, meeting the conditions as arise under the varied or varying circummstances, this should be consummated. Don't be too overanxious! Act as a man!
(Q) How can Grove justify the figures to compel Zonite to carry out original promises and contracts?
(A) By presenting the conditions as they are! or by making the price conform to conditions as they exist! This has NOT changed from that we have given before!
(Q) If Grove justifies -
(A) If's - If's - IF's! As HAS been given, these must each live to THEIR agreement, are they [if they are] to expect the conditions to conform TO agreements; else MAKE agreements to conform TO CONDITIONS!
(Q) Will it be necessary to re-trade the deal to close it?
(A) Dependent upon the abilities of the individuals to show cause why this should NOT be. If these are - if conditions are such that it is necessary, then re-trade.
(Q) Assuming the re-trade will be necessary, will Grove be compelled to reduce the price? If so, how much should he reduce? Will it be cash or stock, or both? If so, how much of each?
(A) Has this not been given, as to what the price would be when it was settled?
(Q) Will they attempt to cut [257]'s commissions and share of purchase price? If so, how much?
(A) Why should they?
(Q) Should [257] take stocks in Zonite for his share, if necessary? and at what price?
(A) Take that AT the price AT which it is - as par for same.
(Q) Should [257] allow this cut, or should he refuse and stand pat?
(A) He may change as to the terms, but as to the conditions - no.
(Q) Does Zonite Co. really want to buy the Paris Medicine Co.?
(A) As has been given, it does.
(Q) What caused the present conditions between the com- panies, which prevents final word of Zonite being given?
(A) The change in that stated as represented, and that as has been found and given, and also the changes as have come about with the variations of the valuations as present to those financing same in its valuation. These, however, are NOT hindrances - and may be ironed out by each agreeing to that as is in conformity to the agreements as presented, in that same ratio. If these are found to be at a variance in any sense, then the change would be in conformity with that as presented - see? for, as is seen, whereas there is a representation of the million and a quarter earnings on an investment that would bring at least twenty-two percent on same, while as is actually shown by the figures - as has so far been presented - that these are near ten and twelve return, than twenty-two. Hence the variations in that as presented, that as claimed, that as found. Then make these conform one with another.
(Q) Bankers claim stock market did affect deal. Please give us their reasons for hedging?
(A) In the fact, as has just been stated! A variation in the character or the amounts of that represented in the stocks, in its variation in price. As in fact, so far as FINANCES concerned, does not affect same.
(Q) Would it be of advantage to Grove to accept part cash now and balance cash in three or six months?
(A) Very good, and should be satisfactory and even better for the body in the position or conditions in which it is now standing.
(Q) Will stock market show improvement during coming week to help our negotiations?
(A) Not much change.
(Q) What is real value of Zonite stock at present?
(A) Par.
(Q) Now much advance will it show in next 90 days?
(A) About three percent.
(Q) Should [257] have Lande and Leon Lauterstein present at Saturday's meeting, or should they await the second meeting?
(A) This dependent upon the negotiations or the UNDER- STANDINGS as are reached between [257], Grove, Mann and McRoberts. If there is the agreements that this be thrashed out before the attorneys, or this be thrashed out among themselves, then PRESENTED to attorneys - then act in conformity with that necessary for the conditions!
(Q) What attitude should Grove assume at Saturday's meeting?
(A) As has been outlined, from that as has been given as concerning conditions as exist!
(Q) Will the western bankers, associates of Grove, accept part stock?
(A) They will.
(Q) What attitude should [257] assume for best interest of Grove and himself?
(A) As has been outlined.
(Q) Is General McRoberts to be completely relied upon by the Grove and [257] interests?
(A) He is to be relied upon, as has been given. While he presents or represents BOTH interests, yet the character of the individual is such that he may be depended upon.
(Q) Does [257] need outside legal assistance?
(A) We do not find it so.
(Q) In case the deal should get cut off -
(A) It should not. May be delayed on account of the reports. May be delayed on account of the returns, yet this should not be cut off.
(Q) Are there any protective steps [257] should take to keep himself in the deal, or to get his commission and share that has been promised him?
(A) The change, should there occur one - why should it be in other hands, when the conditions as are agreed upon between [257] and Grove, or between the interests representing the company - why SHOULD there be ANY change? If these are agreed upon, if these contracts are to be worth ANYTHING, or considered - WHY should - haven't the protective measures been taken?
(Q) Is the Listerine Company willing to pay as much for company as the Zonite Co.?
(A) Lambert - no, they are not able.
(Q) Will Drug, Incorporated pay as much as Zonite?
(A) No, they would pay about two-thirds or three-quarters.
(Q) Any further advice for [257] that will be of benefit or assistance?
(A) Keep head cool! Do not talk too much, but listen well! But set the house in order! We are through for the present.
Copy to Self
Copy to Ass'n office
Copy to Datastician

BACKGROUND

11/09/29 He obtained Business Rdg. 257-50 in re closing Paris Medicine deal, and pertaining to other business affairs.
11/28/29 He submitted further questions.

REPORTS

12/02/29 He obtained 257-52.