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176
PAET IX.
sell." Well," he said, " Fox, you Imow that I have always been friendly with you, and I am willing to give you my best advice and then you can do as you think best." He said, ^' You know, you have stayed in business a good long time. Everybody else is out and you are still in; and if I were you, at this time, I would sell out and be done with it." I said, Waters, look here, I no more want to sell this business than fly off the roof. A plant that earns from $60,000 to $75,000 a year and goes along without much bother and without much trouble and without much risk is worth an}^diere from $600,000 to $750,000 on a 10 per cent basis. 1 don't suppose your General Film Co. is going to pay that kind of a price, and without that kind of a price I don 't want to sell. ' ' He said, Fox, now, if you don't offer your plant to-day you might not get another chance. Now, if I were you — that is all I can say to you. I am not going to talk any plainer. You can understand what I mean. Now, don't press me, and don't walk out and later say that I did not try to treat you fair. I can not talk any plainer than I am to you now. I would advise you to sell, and I don't mind telling you if you don't sell now, you shall not have another chance to sell." I said, ^*Now, Waters, let us see just what you mean by that. Am I to infer that if I do not sell my business to the General Film Co. that you are going to cancel my license and that I am going to be put out of business as you have done to a good many others? "