(Q) Considering my former advice and associations, has my
waiting to carry out Forces' instructions been a detriment or
benefit, as to clearing my personal business of worries
through bankruptcy?
(A) As we find, this has been rather a detriment; because
that activity which becomes necessary in the affairs of the
individual makes for such mental unpreparedness, as it were,
or unstability in the activity of an individual, as to
prevent the best from being put forward.
In considering all conditions that exist in the present,
while the associations that have been made through the
delaying of clearing self from those obligations (that have
become worriments all along) have in some respects made for
better understandings, in some directions; the delay has - as
we find worked for a detriment to the better mental and
physical welfare of the body.
These things, then, are to be taken rather as a whole. While
entering into bankruptcy, as we find, will make for the
conditions in some directions to be still worriments for the
time being, and it will be necessary that the position of the
entity or body-mind be classed as inactive at the present or
for the time being, if the conditions are handled properly
through those legal channels through which such action must
take its course, such proceedings will not work (save for a
very short period) to the detriment in ANY manner to the
body, but rather make for the ability to feel, to know, there
is the FREEDOM of activity in such a way that would make for
better conditions in every manner.
(Q) What effect on my future standing in the commercial
world would a complete bankruptcy have in the month of
June, 1933?
(A) This act does not prevent an individual from meeting and
arranging (after passing through such procedure) all
obligations that are just and right. And, as we find, other
than making - as suggested - rather a standstill in the
activity for a short period, there would not be ANY hindrance
in the commercial field or commercial activities of the body!
And WE would give that such action should be taken at this
period, that all those things that may be taken advantage of
- as the changes are coming about - may be had.
(Q) Please give month and day best to file petition, and
from what address.
(A) It is necessary that this require those activities
through the channels in which this is to be carried on, from
the LEGAL transaction - see? from those that are to handle
same; and, as we find, this had best be set by whichever one
of the legal representatives is chosen - as to the address,
time and date for filing same.
(Q) With what firm of attorneys is it best to work this;
Olvany-Eisner firm or Wm. DeLacy?
(A) Olvany would be the better, as we find; for these have
those associations and connections that would be the most
beneficial, when considered from all angles.
(Q) Please advise what I should do to properly prepare for
it?
(A) All conditions of whatsoever nature and character should
be presented to the legal representative, that there may be
no questions arising as to the validity of all things
included in, and all positions in which the body is
interested - see?
(Q) Is it now the honorable thing for me not to go through
the bankruptcy court?
(A) Under the circumstances, all things considered, not to
go through with it would be doing an injustice to self's
abilities, to self's position, to self's family and
relations.
(Q) How would I feel ten years later, better or worse, if I
do not go through the bankruptcy proceedings but fight the
thing through to the time when I can settle up in full?
(A) Such proceedings do not hinder anyone, as we find, from
settling in full ANY claim the body may desire to settle; but
prevents those who are aggravating - and who are producing
all the worry and dissension - from FORCING issues, when the
body is even MENTALLY UNFIT to meet all of them, with the
worries that arise!
Hence we will find, as we find here, that ten years would
merely mean - without going through the proceedings - that
the body would be broken in spirit, broken in ability, and
still there would be the haggling over many of the things
that would accumulate.
On the other hand, with taking the time to go through the
court (while it would appear that in some quarters unkind
things might be said), the body would not be prevented from
setting an ideal and hewing to the line of right and justice
and doing the proper thing in EVERY quarter!
[GD's note:
10/15/64 Mr. [
257] told me: "I never accepted
the advice - continued in business - paid everyone in full -
kept my name as my father and mother before me did - CLEAN."]
(Q) Considering present conditions, is this a safe time to
invest in stocks on the big boards?
(A) We do not find it such; for while there will be through
the month of June considerable activities in certain
commodities, grains, and various conditions that go to make
up market changes, and considerable change in many of the
models - as in steel, and copper, as well as in various other
industrial activities, these do not offer a good time to
invest for speculative interests - in which an individual is
dependent upon such speculation being positive. If one has
sufficient capital to take chances on it being thrown away,
this would be a very good time.
(Q) What stock could I buy to make a quick substantial turn
to help present conditions?
(A) We would not advise speculations at this time, as
indicated.
(Q) Is the [
257] Corp. in position now to sell the 10,000
units as set by the Forces as the number to sell in 1933?
(A) Would it not be better for a clarification of [
257],
before there is the very DEFINITE end taken in this
direction?
While there will be activities in those of associates and
connections during the period of change and transition, the
activities of body itself will be MUCH better mentally and
physically - if the body will go into almost absolute
retirement from activity personally, during the two to three
weeks necessary for these changes to come about, save through
that which may be accomplished in the directing of others in
various quarters.
(Q) Where largest possibility for [bro.-in-law] [
1565] to
make the quickest sales for large sales?
(A) This is rather a contradictory position, unless it is
considered as to what are to be the channels in which the
activities are to be engaged in by [
1565].
As we find, those centers where changes are to be made most,
would include - rather than the eastern or northern and
western - the central and northern southern portions of the
country; as in Memphis, Nashville, Knoxville, Atlanta,
Louisville, Indianapolis, Cincinnati, and the like.
(Q) Will I get order from Wright's field, Dayton, Ohio, for
21 coolers, from Lieut. Holland?
(A) As we find, this has already been placed.
(Q) Why hasn't order come through, as promised by Daniels on
dyeing of uniforms for reforestation?
(A) Because there has been, as we find, some hitch in the
manner in which these were to be handled; but this will, as
we find, be consummated - and may be handled.
(Q) What is outlook for June, July and August business,
considering conditions of country, and number of units
required each month?
(A) There will be an advancement in all fields of activity,
of which this organization - and associations and connections
of the body may enjoy its portion.
We are through for the present.
Copy to Self
Copy to File
BACKGROUND
5/16/33 He obtained
257-109.
5/16/33 See
334-1, Par. 11-A in re Mr. [
257]'s association
with Amalgamated Broadcasting Co.
5/31/33 Mr. [
257] submitted further questions.
REPORTS
6/06/33 See sec'ty's rdg.
349-13, Par. 5-A advising Miss [
349]
to continue with the [
257] Corp.
6/14/33 He obtained
257-111.
Edgar Cayce Readings © 1971, 1993, 1994, 1995 by the Edgar Cayce Foundation