Edgar Cayce Readings, 257-102

(Body & enquiring mind - advice as to Paris Medicine Co.)

TEXT

EC: Yes, we have the body, the enquiring mind, [257]; those conditions and circumstances that surround or confront the body at this time respecting the Paris Medicine Company.
As we have indicated to the body, the conditions are such that there is felt there should be - and, in fact, there is - something due for the efforts of the body respecting the sale of Paris Medicine Company; that the ones in charge of the affairs of said company were not active at the time of the consummation of the deal or sufficiently interested in making the transfer when there had been presented some errors or misrepresentations on the part of the officers of the said company; and that to have made a transfer would have been acknowledging the error, necessitating a reduction in the price that was agreed upon or the price scaled according to the variations in the figures that were actually found to exist, both by those that were represented by [257] and those in charge; and that cause of not pushing same was that there was felt that there was no necessity of any immediate action; that conditions in the financial world, conditions in the commercial, the manufacture and distribution, would continue for possibly and indefinite period as they existed at the time.
These are conditions that existed at the period of the consummation of the contracts and agreements between the seller and the buyer, and the contract that was made with [257] at the time.
Then, in presenting a suit, as given, if this is desirable or felt on the part of [257] to be the manner, that the only way is to declare self through the filing of suit, it would be well that he body move to protect interests that are held before that period expires when this claim may be made.
But, as also given, under the existent circumstance should suit be filed and the said company or its officers (or through its administrators) say, "We are ready to deliver at the present time at any figure that might be named" where does the claim - or would the claim of [257] - stand?
To claim that the body Grove did not PERSIST is not sufficient, unless there is shown - definitely, clearly - that [257] and the buyers were insistent that the delivery be made in some specified time!
If this is able to be shown, then a suit would make for the acknowledging of the claim and when same is sold - either at the death, or the change of the Paris Medicine organization in any manner the claim would stand, as a priority claim, in any event.
Also the body might be in the position to make such a settlement with the administrator or those concerned in same, that there may be had some returns from same, to RELEASE the organization from such a claim gradually accumulating against same to the end WHEN such changes should arise!
That the activities of some of the attorneys interested have also an axe to grind respecting their own interest, in the event that [257] would be successful or that they have clients who could take advantage of the situation and obtain the said Paris Medicine Company at a figure that would be in keeping with THEIR best interest, is also plausible, reasonable and FEASIBLE, under the situations!
Then, as given, we find that the better manner would be to confer with those of the Paris Medicine organization who are interested in the settlement or distribution of the Estate, or the interest in same, and with the advice or counsel with those of the counsel as to the claims there may be set up an equitable basis upon which these claims may be satisfied. And let this be set at a time that gives sufficient period for the body, or those interested, to either come to the conclusion for a settlement or an agreement! That does NOT prevent the body from still having the time for the filing of a claim in suit!
Ready for questions.
(Q) With what person can I close deal at present?
(A) Ask yourself! With what person COULD it be, with it hanging? None!
(Q) Who can afford at this time to buy the business?
(A) Many hundreds of thousands of people may AFFORD to buy, but who would want to under the existent conditions!
(Q) As I have no pending deal with a company, please tell me the name of the company who can afford to buy the Paris Medicine Co. now.
(A) This question is not even relevant to that which HAS been given, or that which has just been presented here! This must be considered from the claims, and the BASIS of claims, and THROUGH whom and HOW the situation would stand when any claim is presented! Or else get out and hunt up a new buyer for the company! Then, under the existent conditions a new deal would have to be made; and a new deal would preclude that you had any claim in it!
(Q) Was it meant in last reading that I had better protect myself by beginning suit, so if Grove dies I would have my position and claim established?
(A) Just as given then, and just as we have given here. It would be well to establish the claim, PROVIDED there is the ability through all associated to so set or state a claim that it is valid in the opinion of the facts that may be presented from the reviewing and analyzing of the situations that did exist - as we have just outlined.
(Q) If suit is brought, in whose name should it be done, considering my present situation in business?
(A) To whom is the claim due? It cannot be brought in another name, unless it would be brought in the name of trustee for [257] - which would also preclude then that someone else has as interest in what [257] is doing, and a prior claim to [257]'s own interest!
(Q) In reference to my suggestion to attorneys, that I would give 25% to them if recovered amount was $250,000 or less, and 50/50 for any amount over that, is that the proper deal?
(A) Unless there is sufficient validity in the facts concerning the suit, that it would be taken on a basis where the attorneys would bear all the expense or court cost, and stand for same for a fifty-fifty basis over two hundred and fifty thousand dollars, then you haven't got much case!
(Q) What additional clauses to contract on limitation of my responsibility for court cost?
(A) As given, unless there is sufficient validity felt in a suit of this kind to take it on a fifty-fifty basis, and the attorneys bearing the court cost, then there isn't much case!
(Q) What should I say to Seely on this matter, since he advised me to bring suit?
(A) As indicated, it would be well that the body, in considering all the conditions, be advised by and to advise with Seely, who is interested in the proceeds in WHATEVER way it may be turned from the Paris Medicine Company. For, if there is felt and there is advised by Seely - that suit be brought, it is known and understood by Seely that the suit makes for a position of entanglement in the affairs of the Paris Medicine Company, and that it would be necessary that this be cleared before a sale might be consummated in any way or manner. Hence the WEIGHING of the conditions, as to whether [257] is being used BY an attorney, attorneys or a group of people as a pawn to get something for nothing, or whether there is real value in the claim that [257] has! The truth would be brought forth, then, by the attitude of the attorneys. If the ones advising it (attorneys) will take it on a fifty-fifty basis over such a period, and pay the court costs of same or be responsible for same themselves, then alright! If they won't, then you are being used!
(Q) As the Missouri law outlaws a claim after it is five years old, and this claim is now going on the fourth year, is it possible to close a new deal before old claim is outlawed?
(A) Follow the suggestions we have made respecting this! Either seek a new claim and invalidate self as to any claim whatsoever, or get an understanding of the status of the situation sufficiently to see that there is a claim! But be ready, be able, to MEET the claim if it is presented by the Paris Medicine Company, that "We will deliver with a purchaser at any price that may be agreed upon under the situations or conditions, or on the terms as first agreed," see?
(Q) As both firms of lawyers inform me that no one in their knowledge can or will buy now even at a fifteen million price, please give me definite information as to which member of firm has the plan -
(A) This should be carried out rather on the lines that have been suggested. Are you being used, or is there validity - is there a claim?
(Q) The grounds that Grove did not insist on going through with deal at time of first closing, is it true this will hold him liable?
(A) This has been gone over, and is as given. Just the grounds that he did not insist isn't sufficient! But that there WAS insistency on the part of [257] AND the buyer - THAT would make the grounds!
(Q) Why didn't he insist in 1929 that they go through with it?
(A) Why didn't [257] insist in 1929? Answer one and you'll answer the other!
(Q) Should I discuss the matter with a member of Kuhn, Loeb & Co., or with Paul Felix Warburg. or with Maurice Wertheim, or what -
(A) Dependent upon what is the decision as to what is to be done!
(Q) When will business conditions be better in U.S.A.?
(A) This depends upon who or what is considered as business conditions. If it is considered (This is not joking) from the standpoint of those who are to receive benefits from the change in administration, personally - to them - business will be good after March 4th! To those who are going out because there is a change, to them business will be worse after March 4th!
As to the general conditions throughout the world - when there has been the change such that each group, as fast as possible - and AS they - set their houses in order to meet, to understand the sources, the conditions, and set themselves to MEET them, considering all those surroundings - THEN, when confidence, hope, faith is re-established in the SOURCE of supply (and this doesn't mean from individuals!) - THEN, business will be better!
(Q) What stocks will be a safe purchase for big returns, for -
(A) Not very many of any of them would be a safe purchase at any time between now and the 30th of June!
(Q) Advise me what to expect for March and April returns and how to prove successful for sake of all dependent upon me.
(A) Work, and work - but, as given oft, do NOT attempt to so override another individual as you would not have that individual override you! Or, in plain terms, act to others as you would have them (others) act towards you. This will insure success. Though hardships may arise, peace, contentment and harmony - and NOT destructive forces - will be the result, WHATEVER the material outlooks become! For, contentions arise from knowing within self that you haven't at all times done by others as you would have them do by you!
We are through.
Copy to Self
Copy to File

BACKGROUND

2/06/33 He obtained 257-101.
2/10/33 He submitted further questions.

REPORTS

2/21/33 He obtained 257-103.