(Q) Concerning refinancing and opening of Carolina Wood
Products of Asheville:
(A) (Interrupting) This has been given, and there have been
those activities in part concerning the ways and manners
these should be gone about. There is, to be sure, some
resentment that this is a CLOSED and not a going proposition.
But inasmuch as there is to be furnished through this channel
a condition wherein the certain amounts (and the greater
amounts that are plausible and reasonable) that are to be
kept continually in employment by the re-opening of the
organization and by the settling of a portion of the stock or
the financing of same, as indicated, by the people in the
immediate vicinity, the people who will be benefited by the
activities of this organization in conducting the work there,
as we find, there will be little or no trouble in EVENTUALLY
getting it through; and we do not find that the period of
time will be such that it will prevent or preclude the
carrying on in the correct way and manner. The assistance of
the representative of the State with the authorities in
Washington is helpful, yes. But not as demands other than
for the REPRESENTATION of same for the State that the
individual is a representative of those in that portion of
the State.
Then, the way that has been presented is very good; and, as
we find, it will be successful.
We would gain the aid and help from those in authority in the
State affairs, but do not depend too greatly or rely too much
upon political influence. Rather from that point of the
efficiency in the activities of the organization, as not only
an addition or assistance to a peoples in a place of the
unemployed but that there will be the return to the
Government of the moneys in their proper order and way and
manner.
But give self sufficient time for same.
(Q) Gilbert Morris & Geo. Wright met with Ben Johnson at
1825 - 8th St., N.W., Washington, D.C., office of R.F.C.
(A) (Interrupting) This has been gone over and, as said,
it's very well. Now only entertain those activities in the
representative of the State; these will be sufficient to see
that they are given their due consideration in their proper
order and place and time.
Be mindful that for self and those associated it will be
necessary to take care of a portion of the stock in the sale
to same, as indicated, that are to have benefits from same in
the immediate surroundings. This has been told to the body
from the first. That the railroad may be interested somewhat
in same is very good, but rather will it be for individuals
than for concerns of that nature.
(Q) Having followed advice of Forces and moved office to 206
Lexington Ave., Furniture Exchange Bldg., what is my next
move to prepare myself for a return to the furniture
business?
(A) You're preparing as fast as you can, if you'll carry on
out the things started; and then, of course, those that make
for the better condition in self to be able to meet the
emergencies as they arise from time to time.
(Q) Considering present conditions, how long will it
take for the R.F.C. Board to grant the loan to Woodfin
Holding Co., the company organized by me and associates to
take title to the property?
(A) In the next three weeks. If it isn't done by then,
you'll have to make other arrangements or make other moves -
to know the reason why.
(Q) What will be the final price associates & I will be
compelled to pay Peter Rathvon, Pres. of Pacific Eastern Co.,
#30 Pine St., N.Y.C., for the Carolina Wood Products
property?
(A) That cannot be considered until there is seen the
outcome - and it should have been settled upon BEFORE there
was made the application for the loan through the
properties; for to have even sufficient to buy and then to
be held up on the price because there is known the amount of
moneys or properties that are held for such purposes, that
demand that same shall be made by those in organization!
But that figure as settled upon first, as we find, should be
the one adhered to. Don't go above it; for he's only
waiting to see whether you get the money or not!
(Q) Is there anything I can or should do to further aid in
getting the loan thru?
(A) What has been done is alright, as indicated, but you
must know where you stand with those for whom you are
purchasing same!
(Q) What should be the financial set-up as to amount of
Common and Preferred Stock, and capitalization necessary for
purchase & operation of factory?
(A) This should be sufficient, as indicated heretofore, to
not only allow for the carrying on of the operations - or
buying or purchasing the plant and the necessary capital to
put same into order for operation - but for carrying on
the operations until sufficient time has elapsed to establish
self in this association with the various distributing
points. One reason why it will be very well to have many of
the distributing agencies as certain styles or forms that
use, in cooperative ways, the products of certain
manufacturers interested in the corporation or the purchase
of stock or association in same. Do not lose control of
that. As indicated, self should not be responsible for the
moneys for the running of same for the payroll from week to
week. Let this be rather from those who have been and are
anxious for the opening of the proposition for their own
benefits. While for self, there should be the responsibility
for the output of the proper product; that is, properly
classified, properly put together for distribution in those
points and connections that have been and may be made by the
body from time to time. And the self become responsible for
the type of accounts made in the sale of same, which will
overbalance any of those necessary for the immediate need
for the operations when once going.
Do that. We are through for the present.
Copy to Self - office - Special Delivery
Copy to Ass'n file
BACKGROUND
2/22/34 He obtained
257-128.
3/29/34 He wrote: "I've been down in bed most of the time
since Jan. 2nd, and don't seem to be able to get hold of
myself." [He submitted questions.] "I had to meet Mr.
Morris and Mr. Wright in D.C. yesterday."
REPORTS
GD's note: "Letter sent giving directions to Reilly
[Harold J. Reilly, Ph.T.], or whoever does that part of the
work for you."
4/12/34 He wrote: "I've been compelled to go to Reilly's
four times already, and I feel better and not so tired, but I
still have the terrible pain in my shoulder blade on the
right side. I was certainly full of poison."
4/16/34 He obtained
257-130.



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