This Psychic Reading given by Edgar Cayce at the [257] home, ... Lane, ..., N.Y., this 9th day of November, 1937, in accordance with request made by the self - Mr. [257], Active Member of the Ass'n for Research & Enlightenment, Inc.

Present: Edgar Cayce; Gertrude Cayce, Conductor; Gladys Davis, Steno. [903] and [257], and Hugh Lynn Cayce.

TEXT

1. GC: Body, and mentality, and his business friends the officers of the Gen. Elec. Co., C. W. Wilson, Harry Erlicher, Dr. Baker, and other officials who are considering aiding [257] to take over the Chichester factory of Wm. Swartzwalder Co. Please advise [257] what is necessary now for him to do to consummate the deal and after advising fully please answer the questions.
2. EC: Yes, we have the body, the enquiring mind, [257], present in this room; those associations, those activities, those considerations.
3. These we have had in part before.
4. There are, as we find, progresses being made in these directions. The considerations in the present we find are not that there is not the agreement, but rather as to the division of the contributions or the associated activities of the organization, and as to HOW MUCH obligation it puts the varied individuals in the activities of same.
5. These as we find, if they are to reach an understanding or an agreement, unless other considerations arise, will be consummated very soon.
6. As to the activities of [257], these as we find are to only clarify or answer those questions that will arise in Wilson's next conversation; or in the meeting as respecting same, which should be in the present week or on the morrow.
7. These then will need the considerations of the manners in which the activities with those with whom the plant activities are to be considered.
8. There should not be hindrances in the consummation as a deal. There WILL be the questions as to the advisability of the appointments of those in the plant at present.
9. Ready for questions.
10. (Q) Do you mean as to the Swartzwalders' future connections with the company?
    (A) The Swartzwalders' future connections with the company.
11. (Q) Will they be an aid or a detriment to the new organization?
    (A) This would depend - as will be a portion of Wilson's contention. A detriment unless there is the ability of those that are directing the activities to control their influences.
12. (Q) [257] asks G.E. to put up a loan for $100,000 - he was asked to submit a report what he would use this amount for - What shall he say?
    (A) Give the correct layout of that for which it is to be used. The necessary improvements, the necessary outlay for materials, finishers, and the like.
13. (Q) The G.E. purchasing agent, Erlicher, suggested I take over property and they give [257] an order, advance him $25 or $50,000, and guarantee his purchases - which is best plan, this one or a first loan of $100,000 and [257] arrange his own purchases?
    (A) The guarantee will insure the whole activity more than the outright loan. Not only does it make for the position where from whom the purchases are made, but for the use of those influences for the KEEPING in activity the whole forces of the plant. But it should be $45,000 to $50,000, rather than $25,000.
14. (Q) What effect will new mortgage given to bank by Schwartzwalder have on deal? (Given last Sat.)
    (A) This must be satisfied before it can become a proposition in completeness.
15. (Q) Would [257] be better off with one of these plans or raising the money from Mr. Mencher, 11 W. 42nd, N.Y.C. - then get order from G.E. and the advances as he needs them - or go thru Peter Mencher and associate Morris Shewitt?
    (A) As we find, as indicated heretofore, again and again - not an involvement of the purchasers (that is, the General Electric) but rather as in the good graces, the assurance in the associations. While these may not make for in the beginning the great amounts for [257] as an individual, these are the ways and means, the plans for the greater assurance of a continued development with all the changes as come about.
    And it does not leave PERSONAL involvement so much to [257]. And it makes naturally, to be sure, an activity of a cooperative nature, and becomes such as where the activities are rather as given - and not as making for or producing that as has been the warning - self-involvement, individual involvement.
16. (Q) At the next meeting with Chas. Wilson should [257] see him alone, or with Erlicher?
    (A) The more of those that are associated, or in the purchasing, the distribution and the active departments of same, the better. For this is a cooperative organization.
17. (Q) Should [257] take Chas. Gilbert along to any meeting or handle matter himself only?
    (A) Better to handle for self, and then have it reviewed by others.
18. (Q) Would Chas. Wilson be a good associate and partner with [257] for future business relations and success in industry?
    (A) This to be sure would be considered from many various phases or angles. If this is as the individual proposition, this becomes a part of the whole. If it is as for PERSONAL propositions, be rather wary.
19. (Q) Would [257] be better off with G.E. a holder of his common stock, or just ask for the money on a loan basis?
    (A) As indicated, the assurance from - it has just been outlined - the payment, the distribution of that produced. These assurances are worth more than the capital.
    Because we find this: With the considerations - Not that [257] is not efficient, not that those activities of the various influences or forces or phases of the purchasing, the distribution, the finish, all of the activities of the General Electric would not be proper - but [257] may gain a great deal from those very counsels that will be had as respecting the purchases - the assurance of the purchases, as respecting the means in which these would be handled. For this is a growing proposition, and if it is begun properly as we find in these directions it will make for a continuous association. While if considered from a direct loan, or those considered from other ways or means or manners, it does not make for the ability to have the assurance from the various departments as associated with same - it might be very soon, well "We don't need [257]." The other way, they can't!
20. (Q) Compare manufacturing ability of Chichester district with Rockford, Ill. district, the present source of supply.
    (A) These as we find - there are many phases, of course, in which one may be considered as advantageous to others, but there are about three to five advantages to be had in the Chichester proposition once it is set in shape for the activities - from many phases of same.
21. (Q) Should [257] have another meeting with Dr. Baker at Bridgeport, or was the last meeting at Schenectady satisfactory enough to proceed with Chas. Wilson?
    (A) Proceed to Charles Wilson.
22. (Q) Shall I phone Wilson or phone Erlicher?
    (A) Phone Erlicher.
23. (Q) What will be necessary for [257] to show to Mr. McKinnon the Comptroller at Schenectady to get his full approval?
    (A) All of this has been passed by others along the chain, but these will be connected or given as to what the definite conditions are to be met, in the next meeting with Wilson and Erlicher.
24. (Q) Is there anything to be done with Erlicher, to get his full accord and recommendation?
    (A) Not as an individual.
25. (Q) Is tomorrow a good day to see Erlicher and Wilson?
    (A) Good day to open it!
26. (Q) What shall [257] say to Wilson?
    (A) This depends upon what the requirements or needs are. If there is to be accepted that proposition, as has just been advised to be the better, that as is to be said will be said by Wilson! without [257]'s asking - only his acceptance!
27. (Q) Should [257] take Louis Francis or anyone to any meeting with Wilson?
    (A) Not until asked for. It might be well later. That time will arise, to be sure.
28. (Q) Would [257] be better of using plant at Chichester or going to Paterson in the big dye and silk plant that is located there, and that is now accessible to [257]?
    (A) Stay away from Paterson!
29. (Q) Is there any obstruction at present in [257]'s path to get Wilson to join him?
    (A) We do not find it so. There is only the whole consideration and the whole activity being reviewed at present.
    Keep on in the way. Keep on making for the removal of whatever disturbances come, and we will find it will work out.
30. We are through for the present.

    Copy to Self
    Copy to Ass'n file

BACKGROUND

1. 10/20/37 He obtained 257-189.
2. 11/09/37 He was present with his wife, submitting further questions.

REPORTS

1. 12/01/37 He obtained 257-191.

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