TEXT OF READING 261-25 M 48 (Banking, Investments)

This psychic reading given by Edgar Cayce at his home on Arctic Crescent, Virginia Beach, Va., this 4th day of October, 1936, in accordance with request made by the self - Mr. [261], Active Member of the Ass''n for Research & Enlightenment, Inc.

P R E S E N T

Edgar Cayce; Gertrude Cayce, Conductor; Gladys Davis, Steno. Mr. [261] and Mrs. [772], L. B. Cayce and Burt Davis.

R E A D I N G

Time of Reading 11:10 to 11:45 A. M. Eastern Standard Time. Long Island, N.Y. (Body and enquiring mind, who seeks information and further advice and counsel as to national and international affairs, in the carrying on of his present work and as to his present physical condition. Questions.)

1. EC: Yes, we have the body, the enquiring mind, [261]; this we have had before.

2. In those conditions as respecting the physical forces of the body, these we find somewhat different, some changes have come about since last we had same here. These in the major part show for improvements. [See 261-24 on 8/20/36.]

3. We would find, with those precautions that have been indicated, and with the meeting of emergencies as arise from time to time, through either indiscretions or through the natural changes as come about, the use of the Radio- Active Appliance in a consistent manner would be most helpful for the body.

4. We would take the outdoor exercises when plausible, possible, and in keeping with good judgements as reactions for the body. Specific exercises or the general massage through the sweat cabinets and rubs, and the exercises that go with same would at these times be most beneficial in keeping the body physically fit.

5. These tendencies for the catarrhal conditions that arise in portions of the mucous membranes, the effects of disturbances through the digestive forces and through the eliminations we find would all be materially aided.

6. These we would do.

7. Do not keep the Appliance on so long as to become heady or to produce too great a reaction, but periods of thirty minutes to an hour, or hour and a half, will make for rest and equalization and be most helpful to the body.

8. Ready for questions.

9. (Q) Will you comment on the present trends of events in Europe that will most affect conditions in this country and

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what the effects here are likely to be during the next few months? (A) In commenting upon these disturbances that are in Europe at the present, there being a great deal of unrest through those conditions transpiring in Spain and the connections with the other governments that are influencing the activities of portions of these, we will find the breaking up of the present regime - that will only last, though, for a short period - and a shifting within the next year and a half to two years of many of the boundaries in Europe. The effect of those activities in the French situation will have the greater influence upon the stabilization of the monetary forces of all Europe, as with America. These for the next few months will be that towards more optimism for a general helpfulness from those directions. The unrest and the change that is imminent in Russia will have a greater effect upon the international situations and associations in those periods of the coming year, in the early portions of same. The rest and disturbance in Asia, that will be effective or active through the changes in Germany, Italy and especially through the Balkan forces or Balkan States, will produce a disturbance that may reach proportions that will become rather terrifying to all of Europe and Asia. But if the policies of the united forces of the Western Hemisphere or of Latin-America with the United States are adhered to, with the cementing of those friendships with the European or English and Canadian countries, these (though they will not come in the next few months) will eventually make for the greater stabilization of the general outlook and the general conditions for all individual activities. As we find, unless there are changes - that may be helped from the influence of spiritual forces - there is to be a great upheaval beginning in the next few months, that will be the basis of a greater upheaval throughout the whole world in '38 and '40. The general conditions of stabilizing the monetary forces, though, are the greater hope for peace at present.

10. (Q) Will the recent devaluation of the franc bring about a return flow of gold from this country to Europe and if so how soon? (A) This will not bring about such, until the early

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portions of next year, and then only if changes are made in the administration of affairs and associations and connections. As we find, this - as has been indicated - will make for not an abnormal flow then but a stabilizing for a cemented union between those of the Nordic forces and natures of the peoples of the earth.

11. (Q) When business improvement reaches a certain point it is customary for interest rates to advance and high grade bond prices to decline. How soon may we expect this to occur? (A) Changes or differences are arising in these directions. And as we find with the general trend, the general changes that have been brought about, this will not occur until along in those months of February, March or April. And this only proviso that those disturbances in the Far East and the change of rule or power in Russia and the activities of those divisions of the spoils from Spanish possessions - that will disturb many another disturbance of a nature that - not so good!

12. (Q) How soon will the yields on U.S. Government bonds increase? (A) This will be another six to eight months before these show for a change of an appreciable nature.

13. (Q) Will the outcome of the present political campaign have any important effect on business and investments? (A) As has been indicated by the general trend of business, as related to the national situations, these as we find will have no appreciable effect until very much later, or in the latter portion of the coming year. Those effects of international relationships, and provided America is kept in an even balance, will have the greater effect upon improvements of the general business, nationally, in this period, as we find. Hence we would not say, unless definite changes or stands are taken that become as a disposition to side with those disputes in Europe, by the change in administration, that there would be any appreciable effect upon general business, in the United States.

14. (Q) Will business expansion continue through next year and what industries should show the greatest improvement? (A) By the equalizations of industrials of every nature, and to be sure those that deal with construction. For steel and those kindred industrials that are bound up, as it were, with same should show the greater improvement during the next twelve months. While those, to be sure, of the industrials that have to do with motive power and

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transmissions make for a close second. But with changes as are coming in the manner of transmission, those that are of an international nature should be exceptional in their change or in their improvements. And these then would be those that we would give as the leading in same. Stabilized ever, of course, through steel and steel products, and building materials. For, with the general trend as is set, there should be throughout the period of the coming year, unless there are the international disturbances that ever stand in the way, with these kept by the stabilization of the money forces of the world, there should be a period of almost unprecedented BUILDING!

15. (Q) My investment management business at Room ..., ... Ave., N.Y., has continued to grow but rather slowly. Have you any comment as to this activity? (A) This should be to the body, to the mind, and the enquiring mind of [261] as an excellent omen. Know, that which grows nominally, normally, is a healthy growth. That which comes by spurts and bounds oft is not that prepared for the rebounds that so oft occur in such associations. Making haste slowly should be ever in such activities the watchword. For, to use some of another land's ways - the English way - is not a bad way for America to follow, in THAT direction. This then as we would comment, is healthy and is safe. Keep it that way.

16. (Q) Is it yet advisable to aggressively seek new business or should we continue to let it come as in the past? (A) In keeping with that just given, while an aggressiveness may make for a quicker growth, aggressiveness in handling well that in hand and letting the results speak for themselves is the better policy. Be aggressive in the handling of that in hand. For a basic law, that is of a spiritual nature, is: Do that thou knowest to do today, and tomorrow it will be shown thee the next step. Then in becoming aggressive in the seeking of the activities in those directions, let it be in order with that policy as has been pursued thus far in the undertakings.

17. (Q) We were recently approached by Lee Dewitt Hemingway, Union Bank Bldg., Pittsburgh, Pa., who desires to represent us and solicit accounts in Pittsburgh. Is such a connection sound and should we seek other representatives in

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other cities? (A) This as we find is a connection well to be made, but do not seek too fast to make others, until there is the perfect understanding in the organization for the handling of such connections. But in this particular place, in this particular association, as we find, these would be well to consider. Eventually these may be extended to Kansas City, Denver, 'Frisco or to Buffalo, Cleveland, Chicago, or St. Paul, but one at a time. Handle these in the way that has been the policy, and these as we find would be well.

18. (Q) Should efforts still be made to secure business from Europe? (A) We would! As known or may be known by the body, the entity, there is the continual injection through the reciprocal relations that have been established between the Canadian and the American investments, of the English as well as the Belgian and those even of some portions in France. Through these associations there are accounts being established in the United States. Owing to the considerations of those very things that have just been intimated, as to the British mind, these as a nation or as an interest-gathering group are satisfied with the safe investment and not too great an amount, and for long time handling. Thus seeking or searching out the Canadian connections as those of the Green Point [?] or of the paper associations - which come in line with the entity's activities; the seeking for special activities through certain industrial forces - then these make it well.

19. (Q) We are still following the general policy of investing the largest part of clients' investment funds in common stocks. Is this still the best policy? (A) Take it in line with those suggestions in the various influences as may affect the activities of the general business forces, as has just been given, and we would draw the conclusion that this IS in keeping with the better policies, and in keeping with the policies of the association and organization for the activities to be kept in this way and manner in the present.

20. (Q) Should funds waiting investment be invested at this time or is it probable that a more favorable time will occur in the near future? (A) As we would find, a more favorable time should occur in the latter part of the coming month or in December or February, as has been intimated through changes. We would hold them as they are in the immediate.

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21. (Q) Have you any further comments as to our investment management activities or how our service could be improved? (A) These, as we find, as has been outlined - the policies are well. The expansions and the seeking out of foreign as well as certain classes of activities as indicated would be well. But as to the general provisions and the general policies, these are good - and far above those of many another organization of the same nature.

22. (Q) In National Bancservice Corporation a plan for the segregation of Christmas Club is nearly completed. The problem of what is best to do with Rogers, Kellog, Stillson Co., 461 Eighth Ave., N.Y. and the Wilson H. Lee Co. at Orange, Conn., still remains to be solved. One course is to close the New York plant and concentrate all production at the Orange plant. (A) This as we find would be the better.

23. (Q) Another course would be to liquidate the business entirely. This would throw a number of people out of employment. Have you any comment? (A) The liquidating of the New York and the concentration of the Orange would make for the better proposition, as we find. For these will, during the present experiences and activities, make for greater possibilities for a return upon that which has already been expended.

24. (Q) As to the physical condition: My head still hurts when I shake it. Will this gradually disappear? [See 261-24 and previous rdgs. on health.] (A) This is why, as indicated, the use of the equalizing of the circulatory forces through the Radio-Active influences, and the massage and the rubs following the sweats would be helpful. And will equalize and call for a removal of much of the inflammatory forces by the poor circulation through the head, and thus eliminate from the system in their nominal channels those poisons that find their reaction upon the digestive forces, upon the head and upon the drying condition as it produces in the mucous membranes of the system itself. Thus finding their greater effect in the soft tissue of the face, head and throat and later in the digestive forces.

25. (Q) Should I have stronger glasses at this time? (A) These as we find would be well, though if there are those activities as indicated, by keeping the eliminations and the stimulating of the circulatory forces, both deep and superficial, by the use of this Appliance and the conditions as indicated, this should strengthen same and thus as we find be helpful to the eyes and to all portions of the body itself.

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26. (Q) Anything further as to the physical condition? (A) Follow those suggestions as we find as indicated. These would bring the better physical and thus offering the greater opportunity for activities in the material associations of the body.

27. (Q) Any further advice? (A) Keep optimistic, and keep spiritually balanced. For the sources of mental and material influences must arise, as so oft has been given, from a spiritual import that is CONSTRUCTIVE! Hence an individual that does not THINK constructively builds barriers to be tumbled over sooner or later.

28. We are through for the present. Copy to Self " " Ass'n file