(Q) Direct me to someone to finance the preliminary expense
of putting together the Investment Trust idea, embracing the
purchase of Royalties and development of other properties,
mining or oil.
(A) These, as we find, by the body itself might be handled
through individuals in Dayton, Ohio, or in that vicinity.
Especially through those channels WITH which the body is
familiar in both investments and in the associations of legal
phases of the activities of groups or individuals, for in
much of the plans or ideals as may be set in an investment
for handling of such securities, or such progress of
developments, these - or this vicinity, this idea would be
best adaptable, as we find, to individuals in that particular
vicinity - because of THIS reason: There has existed in this
region, and among many of the group who may be interested,
such an investment trust, and there is - then - that IDEA in
the minds of many capable of joining in and assisting in the
developing of such an idea. Then, through those channels in
which the body has been interested, has met, has made
contacts, make such contacts - see?
(Q) I am inclined to favor a fifty percent capital
investment in producing royalties (to provide for dividend
and sinking fund requirements), and small percentage of
balance of capital to be invested in well selected and
"before production" royalties or leases, and balance in
carefully selected mining properties. Is this workable and
sound, and how is best way to handle it?
(A) The IDEA as is set forth is well, sound, and practical.
There will be the necessity, as we find, with conference and
inter-conference with individual who may be interested in the
idea, that some minor CHANGES in the plan may be made,
especially in the percent as is invested in that of the
royalty or sinking fund portion of the amount collected,
taken, or investments made in - see?
(Q) How can I handle the Grandy note quickly?
(A) As we would find, the best manner would be in some of
those associates, or with some of those associates in
Richmond or vicinity.
(Q) Where can I place the Riverside mortgage, or who would
be interested in buying the property? Is it worth while to
give it any further consideration or effort?
(A) This, under the existent conditions, rather an uphill
job. While we would not give too much dependence in the
possibilities of the disposing of same, we would not wholly
give up the idea; for in making the contacts, and in making
those associations necessary for those of the trust fund or
trust agreements, or the trusts that may be established, we
will find especially among those that the body would contact
- especially in Springfield, that are associated with those
of the publishing concerns there - interested in this special
interest, see? Corbin.
(Q) Is there anything to Mullins Rotary Window? What is
best way to handle it for quick financial results? How could
I raise preliminary expense fund quickly? Shall I stick to
it or not?
(A) Don't let it slip away. Stick to it, even though there
is only a small interest held. This, as we find, may be
handled best through those interests in Chicago that are
known as a trust fund, handled by McGrath interests, that are
interested in just such undertakings. In the article, or in
the idea itself, we will find - as WE see - there will be
some changes made before it can be a marketable or practical
thing. To give the once-over, would be to say there are some
changes necessary for its practibility. These may be ironed
out, and the necessary funds, necessary capital for the
preliminary work in ironing same out, as we find, may be
obtained through these channels.
(Q) Shall I undertake the Hutchison proposition? Whom could
I sell any of it to quickly?
(A) This an INTERESTING, but not a practical or IDEAL
proposition in its present status, as we find.
(Q) To whom shall I present storage matter mentioned to me
by Tuckscher? Shall I go ahead with Stribling or Lowery?
Either or both?
(A) With both.
(Q) To whom shall I present the Ragged Island and Hog Island
properties, either or both?
(A) There are interests in Washington that have RECENTLY had
some interest in the Hog Island Syndicated work there, that
may be interested in same - but this is a bad proposition at
its BEST! WE would not go too far with THIS.
(Q) Suggest any reasonably quick way of handling the
Millner lots whereby they will produce any cash returns.
(A) These, if they may be handled at all, may be handled -
as we find - through the Graves interest, who have already
been interested in this portion of the country, or the Crane
interests. One if Chicago, the other in Elizabeth, N.J.
(Q) What are the possibilities of the Overstreet Urn matter,
and what is the best method of handling it?
(A) We do not find that.
(Q) Is the Overstreet assessment company worth further
consideration? If so, what is the best method of procedure,
and from whom could we get the preliminary working fund?
(A) Keep it in mind, but don't put too much time on it.
Not yet.
(Q) What is the best method of procedure, and from whom
could we get the preliminary working fund?
(A) Don't given too much time to this, as given. Work on
some of the others, for there are some of these that may be
made live issues - while this would be too long drawn out.
(Q) Is the Brown resort proposition worth considering? If
so, what is the best method of procedure, and to whom shall
I present it?
(A) Worth considering, but there are a great many hindrances
in the proposition itself, and would require a great deal of
study, preliminary work. This, however, would be worth
holding to until interest such as the DODGE interest of
Detroit may be had to look into same.
(Q) Is there anything to the Calageri furniture matter? If
so, what is the best method of procedure, and to whom shall I
present it for reasonably quick results?
(A) As we would find, this would be rather a long drawn out
matter, rather than for quick results. There has been, and
is still under consideration, a COMBINATION of interests
which involve many of the larger manufacturing concerns in
particular lines, that THIS might be made a portion of. In
the handling of this, to open the issues for same, we would
consider those that may be handled through the Carolina Wood,
or through Kahn or kindred interests that HAVE been or are
associated in same. We would see Kahn in this matter.
(Q) Suggest how I shall meet the pressing need for working
capital and personal funds.
(A) Make use of some of those things that have been given
as for pressing needs, both those of the quick return as may
be made from either those INTERESTS that are held or by the
opening of those negotiations for those of the trust fund, or
for those of DEVELOPMENTS in and through such a trust fund.
We are through for the present.
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