11/04/60 Robt. A. Adriance's letter to EC:
Dear Bill [Mr. Wm. W. Lord, A.R.E. Trustee]:
I was interested to learn of your interests in Arizona.
I was prospecting with our member, Thomas C. King [See
[
3638] re Arizona lands], in Yuma County. Tom is a mining
engineer and a fine person.
It would be nice for you to know Tom. He is in his late
thirties, married and lives at: 5133d Street, N.W.,
Albuquerque, New Mexico. He has both made and lost money
in mining ventures. He seems very much interested in
financing the A.R.E. and Foundation through locating the
mines mentioned in the readings. I mentioned you to him
as a responsible person to sit on a committee to manage
such a responsibility if such came our way. Tom is a
person, further, who has learned to ask for and to receive
guidance through dreams and so on. It has been a pleasure
getting to know him. By the way, no word on the assay, yet.
You may have heard of [
1180] who worked with Edgar Cayce
and David Kahn on an oil drilling venture after World War I.
Some frictions developed at that time and, although oil
bearing sands were found, there never came a gusher.
[
1180] died last December leaving an estate that appears
to be worth more than a million dollars and a joint will
with his wife bequesting 20% to the A.R.E. They have no
children and Mrs. [
2519] indicated to me her interest in
helping the Association to an even greater degree. She
lives in Albuquerque, too, and I met her through Tom while
I was out there. Her address is: ... N.E., Albuquerque,
New Mexico.
There is one big factor involved in this estate: Mr. [
1180]
appeared to run all his business affairs himself and when
he died, everything fell apart. At the moment there is:
1. A woodworking plant which includes a finger joint
operation and which sits on 23 acres of ground and is
valued at close to 1/2 million dollars that is completely
closed down; 2. An adjoining industrial site of 26.8 acres
valued at $150,000,00; 3. 647 front feet (10 acres) of very
choice in town business land valued at $800.00 - 1,000.00
a front foot; 4. $80,000.00 owing on the business land
($400.00 installments per month) plus unspecified
installments on some of the plant equipment; 5. No income,
at present, to Mrs. [
2519] other than social security
payments.
Mrs. [
2519] would like our help. I have written her advising
that: 1. She borrow 20 - 40 M to pay bills, support herself,
and use to start up the plant; 2. We have written a building
contractor member who wants to move south from Michigan to
see if he might be interested in and qualified to run her
woodworking plant.
Until Everett Irion recovers sufficiently from his heart
attack to move here, I shall be largely tied down at
Virginia Beach. It occurred to Hugh Lynn and myself that
this business and Association situation might tie in enough
with your business background for you to be a good person
to talk to Mrs. [
2519] on your next trip out that way.
There is a great potential in the business land - a two
block area. I advised Mrs. [
2519] to sell a part of, or
all of, the industrial land in order to raise cash and pay
off debt. The longer the plant stays closed down, the
greater the loss there.
So here are two interesting situations in Albuquerque.
If your plans work out, hope you may get there.
I guess I mentioned my business venture with Bill Sechrist
in Texas - a car rental firm. He and Elsie are moving to
Houston in December.
Best wishes to you, Fonchen and your family.
Sincerely, Robert A. Adriance [RAA:js]
8/21/62 Mrs. [
2519] died.