GC: You will have before you the body and the enquiring
mind of [
257], present in this room, and his associations
and relations with the Paris Medicine Co., and bankers,
Grove, New York group, Mann, Zonite, Hutton, Gen. McRoberts,
and other interests, deals and associations of [
257], such as
Richard Roth, Judge Smith, Consolidated Cigar, and furniture
interests. You will answer the questions which we will ask
you regarding all of these.
EC: Yes, we have the body, the enquiring mind, [
257] - this
we have had before, and many of associations, relations, and
conditions. Ready for questions.
(Q) Have negotiations been properly started by [
257]'s
visit to McRoberts?
(A) As we find, the proper negotiations for the ultimate
sale, transfer, and conditions as in relation to same, have
been, and will be, started properly, through this connection.
(Q) What should [
257] have done that he did not do, if
anything?
(A) Under the conditions, circumstances, we do not find
there has been, as yet, a misstep in the handling of the
conditions.
(Q) Tell [
257] how to further urge the General without
being too persistent?
(A) As has been given, this has been started properly. Be
persistent, but do not make same in such a way and manner as
to become a PEST, but be persistent with the negotiations.
Do not endanger self's position by over anxiety, nor by
making too broad, nor do not make THREATENING statements as
to going to others. Rather let this approach be from the
other source, than from self.
(Q) The General has asked [
257] to advise him on a furniture
deal. Is that a good approach, to incidentally discuss the
Paris Medicine Company deal?
(A) Good approach.
(Q) Will [
257] be successful in handling this matter to the
General's satisfaction?
(A) As we find, the OUTGROWTH of it would be satisfactory.
This, as we see at present, may terminate VERY suddenly, or
may be somewhat of a long drawn out condition, caused by
some of the conditions as have to do with the re-financing
of a portion of the furniture situation.
(Q) How does Grove feel about the price now?
(A) Some concessions may be made by Grove.
(Q) What will he be willing to take?
(A) Between the 18 and 22.
(Q) Should [
257] plan to visit him in the near future?
(A) In passing, would be well. As specific, unless asked
BY Grove, would be unwise.
(Q) Will Grove attempt to cut [
257]'s million dollar bonus,
which is in addition to the $490,000 commission?
(A) Not as yet. No indications of it.
(Q) What should [
257] do now to protect his interest in
every way, so if Grove attempts or does make an outside deal
[
257] will be protected?
(A) This, as we find, is not apt to be made as yet, and
under the existent agreement [
257] IS protected, unless [
257]
gives either verbally or writtenly a release from the
conditions; unless opened, or negotiations ARE opened by
others, and this is the safe condition or position to be in
at the present.
(Q) When will the stock market be strong enough to absorb
the stock issue necessary to put deal over?
(A) In September or October. Latter part of September and
October, as we find, will be a strong market.
(Q) Should [
257] arrange to meet E. F. Hutton who is
principal banker of Zonite?
(A) Be well.
(Q) When would be the best time to do it?
(A) As he returns from the business deal in which he is
involved in the present.
(Q) What other type of medicine company will Zonite be
interested to purchase this year?
(A) We do not find any PARTICULAR one, or type, at this
present time. It has been determined by some that these
will be the end, for the PRESENT time.
(Q) Have they determined to include Paris Medicine Company
before closing new purchases?
(A) This is included so far.
(Q) Give proper month for closing Paris Medicine deal,
considering all conditions and all principals?
(A) October.
(Q) Is there any other company or deal in the mind of
General McRoberts on Paris Medicine Company?
(A) There are several considerations being given by General
McRoberts. No DEFINITE shape has taken as regarding same
as yet, but there are several considerations.
(Q) Does the General still wish to see [
257] make the
million dollars he has promised him?
(A) He does.
(Q) Should [
257] consider joining force or organization of
Zonite?
(A) Little later may consider same. Not at present.
(Q) Would that aid putting over deal?
(A) Not at present.
(Q) What statements should [
257] make to other finance
people who know of deal, when they ask what is status of
deal?
(A) Still under negotiations.
(Q) What is attitude of Isaac Orr of the St. Louse Union
Bank as to price they would accept?
(A) There would be some consideration given by Isaac Orr
and associates.
(Q) Will they accept part stock and cash, or must it be all
cash deal?
(A) Part stock.
(Q) What stock would it be?
(A) Zonite stock, or of some of those of the holdings of
the Zonite.
(Q) Should [
257] discuss deal with G. F. Willis of Atlanta,
Ga., who is a successful medicine man, with a view of getting
his interest to push present interested parties?
(A) Not as yet.
(Q) Should General consider combining with McKesson and
Robbins, the Paris Medicine Co.?
(A) It's a very good consideration, but there will be many
changes that will be necessary before there can be made any
combine.
(Q) The Forces advised the stock market would advance for
60 to 90 days after July 1st. Does that condition still
exist?
(A) July 15th. It's advancing.
(Q) What industrial stock should [
257] by for a 30 day
turnover, to give a good quick profit?
(A) Radio.
(Q) What will Radio Common do in the next 60 days?
(A) A variation for at least 18 to 20 points. This will
mean up and down, to be sure, but be a variation of that
much.
(Q) What brokerage house of our associates will pay most
attention to [
257] and Cayce account to carry out
instructions of the readings? [Work:EC] [See
257-20 of
7/29/27 & Reports.]
(A) There are several that would give proper consideration
to same. Choose one through these same channels, as of
those who seek to carry out same.
(Q) Jerry Danzig? [Jerome J. Danzig]
(A) Danzig or Moss either.
(Q) Should Sears Roebuck be purchased now for a 30 day turn?
(A) Be a longer pull than 30 days for any material change,
unless there are changes, as we find, that are not imminent
at present.
(Q) Will [
257] be successful with his present deal with
Sears Roebuck?
(A) Will require at least 14 months work.
(Q) Will he continue selling them cabinets, as he is now
doing?
(A) It seems that he will. There are many changes, you see,
in this - and these are constant changes. There may be those
of force or in power that don't know [
257].
(Q) Should [
257] attempt to meet other people at once?
(A) Keep those always under mind.
(Q) What divisions are they in, that [
257] should know?
(A) These will arise in their proper order, and in their
proper time. Keep all of these that are being held, and
work into the various ones and changes as are coming about.
(Q) [
257] Believes he has begun a new three year cycle and
again comes for advice as to whether he should continue with
present firm, Albert Pick & Co., or precede to establish
himself with other interests.
(A) In the changes as may come, or that are IN the making
at the present, these, as we find, will make for a natural
development into associations and connections that would be
for a very advantageous position, or the growth an the
associations of those with whom the body has associated
THROUGH this association will make for the natural growth
as will come with these. Do not be hasty, but be patient
and long-suffering, yet keeping an eye single to service
in the manner as has been oft given.
(Q) Lauterstein has offered [
257] a
50-50 arrangement on
future activities -
(A) Accept same.
(Q) Are [
257]'s and Lauterstein's ideas the proper ones
for success?
(A) In part. Each have their portion to consider. One
a stabilization for the other.
(Q) Please advise [
257] the proper attitude and action to
please Lauterstein and to do the right thing?
(A) An eye singleness of service should be the keynote in
EACH ONES activity. In each one's APPROACH to same, will
be much in the manner as has been outlined. Not an eye
singleness to please Lauterstein, that the association may
be well, but with an eye singleness of SERVICE to those to
whom [
257] and Lauterstein in their abilities [as contacts,
associates and relationships] will be of service - both to
those to whom approaches WOULD be made and in the various
combinations as would be well to be drawn out for the
services to a general class and mass as a whole.
(Q) What other line of business would [
257] be outstandingly
fitted for?
(A) Don't leave out the Radio, nor get far from this!
(Q) Is the future for [
257] larger in the amusement field
or would it be better to consider other fields of finance?
(A) Well to consider other fields of finance, but don't
consider Radio merely as an amusement; for it is as a
business; it is more as a NECESSITY in many portions, and
in many conditions.
(Q) George Krieger submitted a proposition on home movies.
Can [
257] be of assistance to him, and how?
(A) In making proper contacts through which these may be,
either as a combination, in the distribution of same, or in
what will eventually be the association of TALKIES with the
home movies, with the surroundings as would come from same.
We are through for the present.
Copy to Self
Two Copies to Ass'n office
BACKGROUND
5/16/30 He obtained Business Rdg.
257-58.
7/21/30 He was present, submitting further questions.
REPORTS
8/23/30 He obtained Ck. Physical for his little son, [
759].
8/27/30 See his letter under his former broker's rdg.
900-465.
9/02/30 He referred
1726-1.
9/04/30 He obtained
257-60.
Edgar Cayce Readings © 1971, 1993, 1994, 1995 by the Edgar Cayce Foundation