In the District Court of the United States, for the Eastern District of Pennsylvania, the United States of America, petitioner, vs. Motion Picture Patents Company, et al., defendants (1914)

Record Details:

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2658 Leland B. Kent, Direct Examination. Q. Did you go to New York with reference to the sale of your exchange? A. After I had made the arrangements, yes, sir. Q. Whom did you see when you went to New York? A. Mr. Kennedy. Q. With whom did you negotiate for the sale of your exchange? A. Mr. Kennedy. Q. Did you voluntarily sell your exchange? A. Yes, sir. Q. What price did you sell it for? A. Well, about thirty thousand dollars, I think. Q. Was that a fair price for your exchange? A. Yes, sir, I might say so. You know I was going to get all I could. Mr. Grosvenor: You would have been willing to take more? The Witness: Yes, sir, and would have taken possibly less, if I could not have gotten any more. By Mr. Kingsley: Q. Were you asked at that time to make any agreement not to go back into the business again? A. No, sir. Q. Were any arrangements made with you to remain with the business for a time to close it up or make some adjustment? A. Not until after I sold it. Q. Did you, as a matter of fact, continue to operate it for some little time afterwards? A. For six months. Q. During the six months you operated the exchange after having sold it to the General .Film Company, were you permitted to use your own judgment in the methods of operating it? A. That was my instruction. Q. Did you lease the films according to your own judgmen? A. Yes, sir. Q. Were any restrictions put upon you in any way? A. None at all. Q. Were you ever interested in any theatre? A. No, sir. Q. Did you become interested in any theatres after selling your rental exchange? A. No, sir. Q. Was there any other independent film exchange operating in your territory at the time you sold? A. Yes, sir.