(Q) I was advised to stick with Lauterstein group - how
can I do that and collect my money?
(A) That has nothing to do with what is DUE the body!
Sticking to the group is why that he should be able to
collect it! for there is as much BEFORE the group in the
same way and manner of the various propositions being
presented, as MUCH more than that behind, and Lauterstein and
group are able to see that - as well as the conditions in
which they are being placed - see? Now one may be balanced
against another. This may make a long drawn out, but then
let that settlement be made in - Now these once considered;
that is, the claims, see? and remaining with the group, to
be sure, and the claims for '29 paid, then RECOGNIZING that
there are claims by [
257] on the group, when the group forego
their interest in those that are continuing to come in and
being set up - until such a time as the full amount as may be
claimed or may be set up is settled. That isn't quite clear!
As is seen, there are many varied propositions brought to the
group Lauterstein and others by [
257]. There is set up in
each of these an equitable division among those of the group
of the profits of those sharing out of same. Let [
257]'s
share be made, then, sufficiently more - little by little -
that these other claims FROM those of Lauterstein's and
groups are taken care of.
(Q) Should I ask Lauterstein to give me part of the
guarantee which Jonas gave him?
(A) That's the idea!
(Q) What reason will I have for not collecting what was due
me prior to January 1, 1929?
(A) There's no reason - that's why we have just set up what
we have! unless that all are to share alike and in this is
the building or the background for that being accomplished,
and all are to share alike in the losses of same - but [
257]
only shared in the losses and not in any of the profits!
(Q) Should Lauterstein and Isaacs pay me the deficiency
between what I can get for 1929 and what is due me from
the old administration?
(A) They should.
(Q) How can I remain loyal to Lauterstein and yet maintain
my business and keep the friendship and cooperation
necessary to run my business with the new group - Newman,
Tompers, Goldman?
(A) Just in the manner as has been outlined. Make this as
much a personal thing with the group of Lauterstein's as of
any condition that is to be made in the new arrangements.
(Q) Why has Meyer Boskey assumed his present attitude as
to my settlement when it is different from his original
statement?
(A) The difference in the positions of those who are
interested is same, difference in their financial position,
difference in the policies, in [
257]'s abilities himself
with his association.
(Q) Please advise Boskey as to the right and just position
which he should take with reference to me?
(A) In that same as has been outlined, as should be for
those associates of Lauterstein and group as regarding those
that have been due as regarding the back conditions - see?
They recognize it! Then make the legality of same in its
recognition by a little at a time if not whole at time -
see?
(Q) Why didn't Lauterstein and Isaacs settle with me before
1929 when everyone else received their settlements in full?
(A) Hoping to hold to the body and the efforts through those
various channels as necessary for their own ability to hold
on, and as they were NOT settled at that time, then THEIR
associations and their connections should be such as to
signify their willingness to at least carry on in the manner
as outlined.
(Q) What date should I insist as the final date, considering
the safety of my claim, to settle with the firm?
(A) Not later than June 30th.
(Q) Is there any danger of receivership in the Pick
organization?
(A) There's been several - these have been referred to
before, but with the various elements as are being made,
these are gradually being gotten farther and farther away
in most instances.
(Q) Should I engage a personal lawyer at this time to
advise me as these various matters arise and to protect my
interests?
(A) Should!
(Q) Who should he be?
(A) Any one of those that are efficient and capable, in
ESPECIALLY those lines of associations and connections of
this character and nature.
(Q) Would deLacey be good?
(A) Be an excellent man!
(Q) Should I continue to work up new business and new deals
before the past is settled?
(A) These should be worked up in order that these may be
taken care of in a manner or in a way as outlined, and these
may be made safe.
(Q) Should I meet Mr. Gibson, president of the Manufacturers
Trust Co. or his representative Mr. Dunn?
(A) Either or both.
(Q) Should I meet them through Gen. McRoberts or Jim Newman?
(A) Either or both. Each have their difference of
connections, see? difference of impress or import as will
come from same, see?
(Q) Which one should I go through first?
(A) McRoberts would be well.
(Q) If I meet either one, should I tell them my experience
in full without reservation?
(A) Should. According to advice of counsel, though, in
these conditions and connections - see?
(Q) Should I visit Mr. Joe Hartfield of White & Case,
Mr. Gibson's attorneys?
(A) Later on. Not too fast with them.
(Q) Is there any future for me with the Gibson interests,
or should I begin to make plans for new associations?
(A) These followed out, and when these leads would be made
- very well.
(Q) Will it be necessary for a lawsuit to get my full
settlement?
(A) Should not be.
(Q) What is the least amount I should accept?
(A) That should be made best with own self. If on the
basis and in the manner which has been outlined, why should
there be ANY differentiation - save as may be seen necessary
for the building up or the adding to for the new business!
(Q) Should I insist on being a director of Federal Wood
Products and remaining as president?
(A) That's been given!
(Q) What arrangements should I now make as to time of
division for profits that will be made in 1931?
(A) Regular semi-annually.
(Q) Should I plan to leave the firm in 1931?
(A) That would depend upon circumstances and associations
and conditions. Do not tie self so it's not able to!
(Q) What will be the most important factor for my success
in the running of the business in the future?
(A) The associations and connections.
(Q) Who will be the most important factor?
(A) That depends upon whom the body makes so!
(Q) What shall I say as to the cost now being shown at the
factory?
(A) Say as to what it is!
(Q) Should I be expected to carry the entire overhead of
the factory without additional selling organization, for the
sale of furniture?
(A) If necessary, then carry it. The body may - is able to
carry it, if the PRIVILEGES are given the body TO carry it -
but if they are to CURTAIL those privileges, ENABLING the
body to carry it to meet the needs of existing circumstances
and conditions as a whole, then it's different!
(Q) Should I take the contract from the quartermaster corp
on furniture on which I am now figuring?
(A) That will depend upon the status before this order is
to be finally placed. Some portion of it may be taken,
because it be divided out - see? This is a very good
prizing wedge - see?
(Q) How can I get Capt. Gere to give me his full support?
(A) Gradually work in - not worm in - but gradually work in
with those various channels that will offer themselves as the
work progresses.
(Q) Are there any outside commissions to be given in the
landing of this business?
(A) Not in the present, and not as direct. Many on the
side.
(Q) How far can I use my acquaintance with the various
officials of the War Department to get this business?
(A) They would be used as a matter of fact; not as a
pressure or as such, but as the ordinary or regular
conditions carried with same - their prestige with same, see?
(Q) Is it best to work direct through the channels now
contracted or through a broker named Hoyt in Chicago?
(A) Direct.
(Q) How will new prices compare with old?
(A) Compare favorably.
(Q) Should I continue leaving the estate stock in the hands
of Lande? [Isaac Lande]
(A) Very good.
(Q) Should I sell any of it?
(A) Not at present.
(Q) What stock is safe to buy for thirty day turnover to
help Cayce and [
257] in present emergency?
(A) Very few of them would be SAFE to buy, for there will be
many changes - not much stabilization until after the middle
of April, see? After that there may be some changes that
would be worth while. Then we would consider such as those
of Case or Timkin (?), or such nature as that - Radio, of
course, Keith - these will stabilize, but VERY poor for
speculative purposes - may be well for holding, or long
time holding.
(Q) Should Radio now be bought at 25?
(A) You can buy it now at 22!
(Q) How long should we hold it?
(A) It's already going down, and still going down lower
- why buy it?
(Q) Will Kolster be a safe buy at present price?
(A) Not in the present circumstances and conditions as
surround same. These, as we find, when the new changes -
or these alterations in the re-establishment of the forces
- these would be some better. These will STILL be later,
with the general conditions of the market.
(Q) With whom could I combine Carolina interests for best
success of all?
(A) These have been approached before through some interest,
see? These are not other than in abeyance - they haven't
been entirely forgotten. As we find, in the general
conditions, these may be carried through any of those
SUBSIDIES of the radio.
(Q) Would this be the time to approach General Motors again?
(A) Not quite yet. A little bit later.
(Q) Is that worth waiting for?
(A) Worth waiting for, but not wait - as you know,
sometimes you make people anxious by somebody else about to
get it!
(Q) Who is the best man in Radio-Victor to work with?
(A) Valse (?) or Voltz (?), or some such name as that.
(Q) Should I use Gen. Harboard in any way?
(A) Not in the beginning of any association. This may be
as a wedge or a prize for some opening.
(Q) Will I be successful with my contract with the
May-Hartman-Hahn group?
(A) This EVENTUALLY - but there are some mixes. There is
some other interest in between. These seem to be gradually
working themselves out.
(Q) What shall I do to protect myself for a success with
this group?
(A) Follow along the channels or lines in which the body has
made the associations and connections. These are very good.
(Q) Will they be successful in carrying out their plans in
1931?
(A) Be the latter part if they are!
(Q) Will I be successful with the Zero Zone Refrigerator
proposition on the basis agreed between Richland and [
5597]?
(A) This should prove most satisfactory.
(Q) What should I do to protect my own interests?
(A) Keep 'em in black and white and on the dotted line!
(Q) What arrangements should be made with [
5597] of Chicago
to successfully handle this deal?
(A) These need some other pushing forces from some of the
larger holdings, or large distributing centers, see?
(Q) How shall I go about getting them?
(A) Don't do all the work! Make him do some of it! Show
him what is necessary - for some of the abilities are there
also! [
5/08/31 See
257-67 including Mr. [
5597].] [
9/26/31
See
257-72, Par. 12-A--14-A.]
(Q) Where would be the best outlet for me to sell these
refrigerators in large quantities?
(A) Don't be too over anxious at once on the large! Get
them started in, see?
(Q) Working the smaller concerns first?
(A) Work the smaller concerns first, and making the bigger
demands.
(Q) Should I keep this outside of Federal Wood Products?
(A) At present BEST, unless some other changes are made.
(Q) What advantage to the work at Virginia Beach will there
be in my visiting Messrs. Herman and John Black of Chicago?
[Work:EC]
(A) This will depend upon the relationships and how, and the
manner in which they are kept. These have already been
opened. Let their approach again come from or through them
or their request for this meeting or association - see?
(Q) Advise me as to how I should approach these men, when
they send for me?
(A) See that the results are obtained through those, or that
information as given - or may be given - as respecting same;
for with the questions as may be obtained, then requests -
but DON'T take the larger end of the advertising, as they
will insist on! Keep quiet!
(Q) When should Cayce go to N.Y.?
(A) When it's necessary.
(Q) When would it be advisable?
(A) When it's necessary.
(Q) Should Cayce go to Chicago soon?
(A) What for!
(Q) To meet new people - make contacts.
(A) Best to do with that in hand, and not get too much
overhead.
(Q) Advise me how to arrange meetings at N.Y. to the best
interests? [Work:EC]
(A) Let the purpose be set forth, aims and desires, see?
and then in the various groups, let THESE be expressed,
THESE be manifested - and those who SEEK for same in these
may be of aid - see? Best to keep that in hand, and that
WELL done, than to open too many new fields and that half
done!
(Q) Is it advisable to keep a small group as we had
suggested last night?
(A) Whosoever will, let him come! but let him have the
urge - let him know WHY he is coming!
(Q) How can we take care of all these people?
(A) These will be taken care of AS the necessities arise.
We are through for the present.
Copy to Self
Copy to File
BACKGROUND
3/27/31 He obtained
257-65.
3/28/31 He was present, submitting further questions.
REPORTS
4/29/31 He referred
2668-1.
5/08/31 He obtained
257-67.



Edgar Cayce Readings © 1971, 1993, 1994, 1995 by the Edgar Cayce Foundation