This psychic reading given by Edgar Cayce at his office, 105th Street & Ocean, Virginia Beach, Va., this 22nd day of October, 1931, in accordance with request made by self - Mr. [378].

Present: Edgar Cayce; Gertrude Cayce, Conductor; Gladys Davis, Steno.

TEXT

1. GC: You will have before you the body and the enquiring mind of [378], who is in his office at ... Street, New York City, and the information given him [378-3] through these sources on June 4th, 1931, concerning his 800 acre tract located in Broome County at Oquaga Lake, near Deposit, N.Y. You will answer the questions he will ask you regarding these.
2. EC: Yes, we have the body, the enquiring mind, [378] - this we have had before. Also the information as given concerning his holdings near, or at Oquaga Lake, near Deposit, New York. Ready for questions.
3. (Q) Shall he enter into negotiations with Mr. A. J. Richey and his associates in Room 318 at 551-5th Ave., New York City?
   (A) Now, as we find concerning the disposition of property as sites, and as conditions exist - and the PROPOSITION and associations of this Richey - WE would find, as we see, under the considerations, or the existent conditions and associations this would not be the BETTER at the present time, or for the present consideration. As we will find, there will be - with this CONTEMPLATED negotiation, and that that will arise FROM same - there will be, in the next thirty to sixty days, a more propitious time, and better proposition. While these, as we find, are well - in their connections, in many respects and ways - as for the ideas and ideals of the body [378], these would TERMINATE, under the present position, in an unagreeable manner. In the manner of layout, in the manner of that desired to be held back, in the way that they would under the present conditions - To be sure, now, these may be altered a little bit later; but, as we find, OTHER channels will be opened, see? But troubles would arise over these points, as we find.
4. (Q) Will Mr. Richey and his associates be able to carry through the sale successfully?
   (A) As they may be situated a little later on, or with holding open, these negotiations, they might be BETTER fitted, as we find.
5. (Q) Will there dealings always be honorable?
   (A) Well, these warnings, you see, have been given, that there are in some points under the PRESENT PROPOSITION, see? Now, these negotiations may be held open for some time, and the proper relationships established. Their associations and their connections are very good, see - as has been given - but we would not CLOSE for their disposing of the property under the PRESENT proposition.
6. (Q) In what size plots would it be best to divide the building sites?
   (A) This, as will be seen, will have to be considered as to the locations, and the manner in which divisions are made for the various portions of the layout. As to how MUCH would be considered as a center, or business center, how much for those of the public utilities, or public properties, and how much for the regular home sites. These, as we find, will be the better, in the surroundings, will they be rather in the form of a five to ten to twenty acre plot, some even smaller - see?
7. (Q) At what prices should these lots be offered for sale?
   (A) There should be that decision first on the part of the body as to how much the whole PROPERTY is to net or BRING the body. Then the divisions of the property as to locations, as to outlet, as to the various other conditions surrounding same. Then these would be proportioned as to location, as to position, as to the outlets, etc., see? Those that offer for the more beautiful view of the lake, or those that offer for the better PROTECTION by the natural lay of the land, those that offer for the more beautiful layout for building PLOT, as well as for plotting, or platting, or bedding grounds for homes - these should all be taken into consideration when prices are considered. This, as we find, also should be taken into consideration: That, as there are the changes in the financial situations of individuals who will be interested in such holdings, this will in the winter and early spring - and late winter - be the character of outlet for investments that will be interesting - see? All these would be taken into consideration when prices are made.
8. (Q) Would it be advisable to consider Mr. B. J. Lenihan of Covington, Ky., to develop this property instead of Mr. A. J. Richey of New York?
   (A) We would rather hold to the Richey associations and CONNECTIONS, but we would negotiate farther for a different UNDERSTANDING.
9. (Q) Are there any further suggestions that would be helpful in planning the sale of this property?
   (A) These, if studied in their various phases, will open - as WE would see - some LIGHT, as it were, on the whole situation. We are through for the present.

   Copy to Self
   Copy to File
   Copy to Ass'n

BACKGROUND

1. See 378-3 on 6/04/31.
2. 10/21/31 He submitted questions, saying: "I cannot but say that I never felt entirely sympathetic to the possibility of a Jewish invasion at our beautiful clean lake. For 26 yrs. our Ass'n at the Lake has been fighting to prevent such an influx, so you can understand that I could hardly do anything that would tend to disrupt our Ass'n.
   Business conditions seen to be slowly improving. I would, therefore, like very much to have another rdg.
   I recently had occasion to meet some real estate men, who have had experience in developing such properties and it would interest me to know if they are qualified to handle the sale of my property successfully."

REPORTS

1. 12/04/31 He obtained Business Rdg. 378-6.
2. 7/15/33 "Mrs. [255], [276] and I get in our game of golf every morning that I am here [at the Lake]. [275] and [276] practice daily together and are making good progress on their harp and flute. [452] is helping lay out roads in our woods where I hope eventually to sell lots for cabins. Everybody is busy doing something useful and still having a good time."

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