This psychic reading given by Edgar Cayce at his office, 115 West 35th Street, Virginia Beach, Va., this 12th day of July, 1929, in accordance with request made by self - Mr. [39].
P R E S E N T
Edgar Cayce; Mrs. Cayce, Conductor; Gladys Davis, Steno. Mr. L. B. Cayce.
R E A D I N G
Time of Reading E. 60th Street, 12:10 Noon Eastern Standard Time. ..., N.Y. (Body and enquiring mind, business associates of the firm of Laurence Emmons, Inc., last reading and advice given to form a new company - answer questions)
1. EC: Yes, we have the enquiring mind, [39] and the associations and conditions, also that information as given concerning reorganization. While changes have come since the information was given, yet there is seen the needs of just the changes as has been outlined. Ready for questions.
2. (Q) From the point of view of financial success, which of the following persons should be members of the company? [39], 117 E 60th St., Laurence B. Emmons, 117 E. 60th St., Wm. H. Silk, 146 E. 63rd St., Douglas Maddon, 101 Park Ave., Wm. Gleason Adair, 117 E. 60th St. (A) Why leave ANY of them out! These all present condi- tions, or those conditions as are necessary with proper cooperation for the operation of such undertakings as would be in that organization of Laurence Emmons Company, see? While some do not cooperate in some respects, yet each - with the proper incentive, may be made to be helpful to same. This not exactly in accordance with that as has been given, but the changes as have come have brought changes for each associate.
3. (Q) Will a new company operate better without Laurence B. Emmons as a member? (A) We do not find it so.
4. (Q) Will a new company without L. B. Emmons be able to transfer the business now being carried out for Fred F. French Companies? (A) Do not find it so!
5. (Q) Will the above company secure a large part of the furnishings of the new Barbizon-Plaza Hotel on 59th Street, New York City? (A) If this is carried out in that manner as has been given as to how such associations or such relations with such conditions are to be conducted. This was given in a very definite way and manner, as to how OTHER contracts were to
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be made, see?
6. (Q) Will you suggest any other person who will be advantageous as a member of the new company and who will be interested? (A) Not at the present. These had better work these together at the present time.
7. (Q) What steps should be taken to form a new company and when should a commencement be made? (A) At once. Those necessary steps, as is the regular channel through which such conditions operate. The agreement, the association, the purpose, the plan, the place of each individual with such association or corporation. Then the papers as necessary to make same binding to one and all alike.
8. (Q) Where will be the best location for offices? (A) Very good where it's located! These may be changed to the West Side - would be possibly more expensive, yet would also be better in the class or character - but why change under the present conditions, or until the expansion is of such nature as would better justify changes?
9. (Q) How much capital should be subscribed as a firm foundation? (A) Sufficient to carry on that that is contemplated. Needn't to expect to be able to carry on a million dollar proposition on a five hundred thousand dollar basis, but that commensurate with that undertaking, or undertaken by the corporation. No reason why outside assistance in this direction may not be gained.
10. (Q) Please give suggestions as to how to handle the break with the present company in order to leave everyone friendly? (A) As has been outlined, as to how the formation should be. This would bring about the proper relations in the purpose, the reasons for changes and conditions, and proper presentation of each in his individual sphere and place.
11. We are through for the present.