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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Leland B. Kent, Cross Examination. 2659 Q. What one was that? A. The Toledo Film Exchange, and the Superior Film Exchange. Q. Do you know whether or not the Superior Film Exchange was at one time a licensed exchange? A. Yes, sir. Q. It had been. Did it continue right along in business as long as you were in business? A. Not as a licensed film exchange. Q. No. But did it continue as an independent afterwards? A. It went to pieces — well, the remnants of it is going yet. The men kept going to pieces as an independent. Q. Didn't the owner die? A. The owner died. Q. But the business is still going on in the same form? A. Yes, sir. Cross examination by Mr. Grosvenor : Q. Mr. Kent, you sold out your exchange to the General Film Company in January, 1911? A. Yes, sir. Q. At the time you sold your exchange, the General Film Company had been in business about eight months? A. About that time. Q. And in that period of eight months, the General Film Company had acquired something like fifty rental exchanges throughout the United States? A. Well, I don't know the number, but nearly all of them they had acquired. Q. You were one of the last to sell out? A. Yes, sir. Q. You knew that it had acquired these numerous exchanges throughout the country before you endeavored to sell out to that company? A. Yes, sir. Q. Your company and business had been profitable, had it not? A. Well, moderately so. Q. How much capital did you put in in 1907 when you started the rental exchange? A. $3,500. Q. And how much had you taken out in four years? A. Well, a living. Q. You had taken out a good many times $3,500, hadn't you? A. No. Q. Well, what had been your annual profit? A. Oh, I would say $50 a week. Q. And your entire investment had been $3,500? A. Yes, sir. Q. The fact that the General Film Company had acquired all these numerous exchanges in the country was one of the