This psychic reading given by Edgar Cayce at his home in Arctic Crescent, Va. Beach, Va., this 6th day of June, 1932, in accordance with request made by self - Mr. [257], Active B Member of the Ass''n for Research & Enlightenment, Inc.
P R E S E N T
Edgar Cayce; Gertrude Cayce, Conductor; Gladys Davis, Steno. Mildred Davis.
R E A D I N G
Time of Reading 3:30 P. M. Eastern Standard Time. New York City.
1. GC: You will have before you the body and enquiring mind of [257], who seeks advice and guidance as to his mental and material affairs. You will answer the questions he has submitted.
2. EC: Yes, we have the body, the enquiring mind, [257] - this we have had before. Also those conditions, circumstances, as surround the body. Ready for questions.
3. (Q) Since [257] has not heard from the Stewart-Warner Corp. reference the Two-Way Hinge, how shall he now proceed to get an expression from their corporation as to what final proposition will be acceptable to them? (A) Would approach those individuals through whom there have been those negotiations, and - as given - if these are not acceptable, or in keeping with that desired by the body and associates with same, then go through those of Shapleigh Hardware. [Shapley?]
4. (Q) Please name the individual that [257] should talk to first and what line of conversation should be used to get the proper action through this party? (A) Through the same party with whom negotiations have already been those negotiations have already been begun, and if they are interested then some action should be forthcoming. Otherwise it must be sought through other channels. This should be the line of approach.
5. (Q) What can he now say to Mr. Zucker, the vice-president, to re-open the matter and gain his good will? (A) Not in the manner as of being in the position of accepting favors, but rather as a manner of business, and that these should not be left in the position where either are waiting the actions of the other, and some action is desired in the matter. In this line should be the approach, and there will be either the acceptance or the rejection.
6. (Q) What statement to Mr. C. B. Smith, president, will keep his good will and activity in the matter? (A) If these are not in line with that as is desired, do not attempt to court too much favor. Be rather independent.
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7. (Q) How does Carl Mason feel to [257] at the present time? (A) Expecting some activity, and desirous that there be the proper associations and connections to be kept in a way and manner as has been outlined that may be expected under the existent circumstances. The conditions are rather as one of emergency with Mason.
8. (Q) What bonds should our corporation buy for best profit? (A) Any that are yielding an income commensurate with the conditions of the corporation's activities, see? That's not understood by self, [GC?] but should be understood by [257]! that those that are of the six and seven percent bonds, that are unusually low, and far below the par or normal prices, yet have passed few - if any - of their dividends, even under the existent circumstances. Utilities are those that are being handled properly of the better nature, and internal bonds.
9. (Q) What stocks should be dealt in for quick turn, and how long should they be held? (A) Any that are in line with those of the immediate bond rising, as of utilities - in the nature of Case, or those of such natures, and they should not be longer than for ten to twenty day holdings. Don't expect them to rise much after that!
10. (Q) Reference the opening of the office, the lawyer had already organized the company under the name of [257] Wood & Metal Products Corp. This was not in conformity with advice given by the Forces and will they please advise me whether I should have the name changed to [257], Inc. (A) Leave it as it is for the present.
11. (Q) What kind of impression did [257] leave with Col. Sosthenes Behn, Chairman of Int. Tel. & Tel., 32nd floor, 67 Broad St., N.Y. City? (A) Very favorable!
12. (Q) Which of the propositions discussed with Mr. Behn will be the most successful? (A) The first one.
13. (Q) What is the next step for [257] to make to produce results and make money from this connection? (A) Follow the lead that has been given, or opened in this connection, for the connections will make for an outlet of the products that may be handled through this association.
14. (Q) Who is the next man to see in the organization to carry out the plans? (A) These must be followed rather in the line, not as circumstances would alter conditions - but rather as the regular channels for the building up of an association and connections through their regular lines; for as these
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connections were made with those of the highest authorities in same, these will receive favorable comment in their scale to the proper ones, were this not used as a pry or lever but rather as the natural consequences of the confidence of the associations established, see?
15. (Q) What should I say in meeting with Henry Hund of Briggs, in reference to a cancellation on part of Westinghouse order? (A) This must be met according to the circumstances and conditions of same. While the circumstances have called for this activity, and it is an impossibility for a change in Briggs' attitude at the present, it may be done with such a manner as that, as circumstance WILL - as we find - later enable them to be carried farther, it will make for an advantageous connection, rather than being turned into rout for the body's interest.
16. (Q) Should I insist on receiving the full commission? (A) Certainly not!
17. (Q) What is the best time to see Hund, considering that more merchandise is still being made. (A) This should be done in the very near future, as soon as deliveries are ready for their action.
18. (Q) What line of reasoning will appeal to him for a fair settlement? (A) As has been outlined here.
19. (Q) Is [257] making the right move in attempting to build radio cabinets for Kolster at the Briggs plant in Knoxville, Tenn? (A) As given, this is very good - if the proper associations and connections are made.
20. (Q) When will this order be placed with [257]? (A) As we find, it will be between the 15th and the 20th.
21. (Q) What is the best approach to Mr. Mercier, the new purchasing agent put in Kolster by Int. Tel. & Tel? (A) Through the regular lines and channels that come for the activity, according to the type, style, and the regular channels of merchandizing, purchasing.
22. (Q) How can Mr. S. T. Thompson help further to keep [257] in good graces in this business? (A) Just as has been heretofore.
23. (Q) Should [257] follow the advice of his several lawyers and go into personal bankruptcy to keep the various people from worrying him so that he cannot proceed with his business? (A) Would be very well, if handled in the proper way and manner.
24. (Q) What is the most honorable thing to do now for the future success of his operations and his family's welfare?
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(A) This is just as has been advised.
25. (Q) Should he go into bankruptcy, what effect would it have on his future business life? (A) To be sure, there are fields and lines in which there would be the looking at askance by some, yet for the protection - and those that are of the proper minded in the proper fields will see, understand and know the conditions must be met in their regular order.
26. (Q) Will the new firm of [257] Metal & Wood Products Corp. be affected in any way or manner? (A) Little, but not much.
27. (Q) Would bankruptcy cause the loss of personal standing and esteem among his friends and associates? (A) This can be felt by those situations and conditions. This does not prevent the body from meeting any or all obligations that are meant to be held, or to be handled in an equitable manner, but does protect the body from those associations or connections that would hamper from the purely mercenary or spite reasons, and when handled in that way and manner this does not, would not, affect the body in the eyes of any who would at least attempt to understand the situations or conditions.
28. (Q) In what state would be best to file the petition should it be advised? (A) That in which most of the conditions or holdings are held in the present.
29. (Q) What other satisfactory way can [257] handle this situation without going into bankruptcy? (A) That is, as we find, would be the most feasible manner; for, as has been given, does the body let it be known that all those that are of the nature that are to be taken care of, and will be taken care of, but those that are for the reasons as has been given, then it eliminates same. [10/15/64 See note under 257-110, Par. 10-A in re NOT going into bankruptcy.]
30. (Q) In reference the suits that [257] has against Albert Pick-Barth, Sterling, Inc., Albert Pick & Co., and the Albert Pick-Barth Holdings Corp., the lawyer, Mr. Popkin, feels that it is almost a hopeless situation. Why does he feel that way when the Forces state that he has a good plan and it will work out to the best interests of all? (A) He has, will this be but carried out in the way and manner as was first stated and contemplated. Mr. Popkin is being used on two ways.
31. (Q) What should my answer be to the offer made by Albert Pick through White & Case, to settle for $7,500 for the entire claim?
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(A) Then take it!
32. (Q) What should I say to Master Hibbs at the trial next Mon. morning? (A) This is passed!
33. (Q) What should I say to get the claim in full? (A) If he is going to take one, he won't get it in full!
34. (Q) What should I advise Popkin to insist and hold out for, for complete settlement of N.Y. claim. (A) Take those out for Case, as offered!
35. (Q) Please advise Mr. Popkin in detail what he can do to bring to a successful termination to the benefit of [257]. (A) Take the other and let these go!
36. (Q) What new witnesses are advised to get to strengthen [257]'s case? (A) Won't need witnesses, if these are to be accepted!
37. (Q) What possible way would there be to compel the I&I Co. to return the millions of dollars in accounts taken from Sterling? (A) If this is taken as the offer, none of these are necessary for consideration!
38. (Q) Are the powers and the papers of incorporation of the [257] Wood & Metal Products Corp., broad enough in this incorporation to answer [257]'s present and future needs? (A) For the present they are broad enough.
39. (Q) Who should hold the stock of this corporation? (A) This would be well to be considered, dependent upon what the activities of [257] are to be as respecting those of the associations or settlements before there is made the condition that has been spoken of.
40. (Q) What kind of agreement should [257] have with the corporation to protect him in all matters? (A) That will depend a great deal upon how far the activities are to go. As is set, as is set in the articles of incorporation, with that as is given for such, in the PRESENT these are sufficient. These conditions will be changed when there is the discharge from the bankruptcy proceedings of the personal nature. Then changes may be made around. We are through for the present. Two copies to Self Copy to Ass'n " " Cayce file