This psychic reading given by Edgar Cayce at his home on Artic Crescent, Virginia Beach, Va., this 3rd day of June, 1936, in accordance with request made by the self - Mr. [1180], through Active Membership of Mr. [257] in the Ass''n for Research & Enlightenment, Inc.
P R E S E N T
Edgar Cayce; Gertrude Cayce, Conductor; Gladys Davis, Steno.
R E A D I N G
Hotel Seville, Time of Reading Madison Ave. & 11:00 to 11:20 A. M. Eastern Standard Time. 29th St., Room ..., N.Y. City. (Body and enquiring mind, also his properties in Valencia Co., New Mexico (as per map and correspondence which I hold in my hand). You will please inform him which section of this property is the most valuable and what developments can be had, giving sands, depths, and amount of production. You will answer the questions he has submitted, as I ask them)
1. EC: Yes, we have the body, the enquiring mind, [1180]; this we have had before.
2. As to the properties or holdings in Valencia County, New Mexico, it will depend - to be sure - upon the way of handling, the manner in which the fields or operations are carried on, as to which would prove the more valuable.
3. To be sure, the greater depth in those portions of the holdings as indicated that there shall be through the operations the greater depths would prove to be - if handled properly. To say that such and such exists at twenty-nine hundred (2900) or three thousand (3000) feet, or thirty-two hundred (3200) feet or thirty-eight hundred (3800) feet (as the different portions or fields are indicated), or that at such a depth will be produced this or that is with the provision that these are to be handled in such a way and manner. And this to be sure depends upon the activities in the minds of men.
4. Those fields of activity where there is lesser depth or the higher gravity oils to be sure are very valuable, provided same are handled properly. Not producing such great quantities as in some others, yet the excellency of the quality would indicate these to be good.
5. As we would give then, in a practical manner, the greater portions of the holdings are EXCELLENT properties.
6. As to their evaluation, this depends upon the manners in which they are handled, yet the very quality, the very
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character as well as the quantity of production - as we would find - indicates these are worthy of exploration by those that would of their own accord investigate or invest in such properties.
7. As to the manner in which this entity has approached individuals or groups that are considering same, this as we find would be worthy of consideration, yet there will be the necessity of there being investigation by those that are HOLDING at the present time a claim in a manner for the time being.
8. Do not allow this to become then so dragged out as to become detrimental to the period of lease holdings by the body [1180] or to jeopardize the interests in such a way and manner that there becomes a loss to self of some of the holdings; or that portion of it becomes so involved that there is not sufficient of the moneys for the protection of the greater interests of [1180].
9. But as indicated these are worthy of serious consideration, and if there is the word given or the bond prepared, well. And don't take the word alone, but let it be prepared in such a measure or manner as has been indicated, and then there can be some dependence. But do not let the time element jeopardize the interests.
10. There are others as we find that may be interested in this undertaking, though their operations have been and are of the natures that there have been the greater operations in other fields. But while the entity [1180] is IN the present surroundings, through associates or the individuals acquainted with the activities of one Davis [Edgar B. Davis] in the Luling field [Luling, Texas], meet or contact WHILE IN New York those interested WITH him in such operations. He can be trusted, even though it becomes necessary to communicate with Davis in Luling, see?
11. Ready for questions.
12. (Q) Who should he see in N.Y. to contact Davis? (A) Get in touch with those in his New York office, or New York associations.
13. (Q) How many paying sands and depths? (A) These will come more by investigations than by laying these out here. This would depend upon location, and upon the manner of handling. As we find there are from three to five sands in various localities.
14. (Q) Is the proposition offered (as explained in the letter) satisfactory or best for me? (A) Just as has been indicated, do not allow the time
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period to jeopardize the own interests; though it will require time for the investigation of the holdings or the conditions on the part of the individuals to whom this is addressed. For if they are to invest sufficient of the capital they will not SIGN same without some investigation. And should they attempt or should they desire or indicate that they would without such investigation, then be afraid of them! But do not let this period of their investigation be of such a long duration that it jeopardizes the holdings or the interests of [1180].
15. (Q) Will these people be able to go through with their bargain? (A) Be able, if they will carry on in the way that they have in themselves outlined.
16. (Q) Is George Grober, a refinery man at Artesia, able to be of any help to me in developing shallow oil on my property? (A) Able to be of help, and especially with the associates of Grober - both in Arkansas and Louisiana.
17. (Q) Who is the right one to trust in a deal of this sort, and how should I manage myself? (A) As has been indicated, these through the counsels with those - as with the Davis' INTERESTS; may be eventually with himself, his interests. These can be trusted; as can those that have been contacted if they are IN the position to handle same; that is, if they will carry on in the manner in which these are being undertaken at the present. But do not let the time element jeopardize the conditions.
18. (Q) Is the present bunch a good one to be tied to, or not? (A) You might say Yes and be correct, and you might say No and be correct. The indications, or those things that are to be warned of, have been given. If they have once given their word, very good.
19. (Q) In what way can David E. Kahn of 206 Lexington Ave., N.Y., be helpful to me? (A) Only through connections or the leads that might be given to operations in other fields or those in the immediate surroundings.
20. (Q) How can Edgar Cayce of Va. Beach, Va., be helpful to me? (A) This will be of its own self. Let this be dependent upon the helpfulness that may be given to the suggestions from those who seek through such channels.
21. (Q) Are there any other people in N.Y. who could be interested in aiding this work, or assisting me financially? (A) These have been indicated, and do those.
22. (Q) W. S. Mitchell of 32 Terrace Rd., Medford, Mass.,
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is the representative. Advise me about his standing, financially and otherwise. (A) If he is able to carry to those interests in the manner as he is attempting, fine. DO NOT let the necessity of investigation jeopardize the conditions!
23. (Q) What could Perry Osborne of Fleming, Osborne, 20 Exchange Pl., N.Y., do to help? (A) That would depend upon what he desires to do! We wouldn't rely too much upon him because he has other interests and they are not in this direction. There may be some friends that he may interest in interesting themselves, provided they are able to see a great holding within themselves. But his interests do not lie in this direction to the great extent.
24. (Q) Can Dr. H. H. Francis, 3541 Harrison Blvd., Kansas City, be of assistance to me in developing this property? (A) Can be of the assistance and help in developing, ONCE there has become operations! Must reach this point as we find before the great interest would be or could be shown.
25. (Q) What advice can you give me that would be helpful at this time? (A) We have given that, and don't lose sight of those things given. The properties are valuable; hold to them. Do not allow self to become so involved as to lose hold of that thou hast.
26. We are through for the present. Copy to Self " " Ass'n file