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 (1913)

Record Details:

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278 Minutes, General Film Co. Q, What were the net profits for the year 1912? A. The books have not been closed jet. Q. Are they being made up? A. Yes, sir. Q. Now, will you please produce on Tuesday a statement showing the net profits of the General Film Company for the years, 1910, 1911 and 1912? A. I will try to. Mr. Grosvenor: I offer the minutes of the regular meeting of January the 16th, 1911, of the General Film Company, at pages 24, 25 and 2G, of the minute book. Thereupon, the minutes of the Board of Directors' meeting of January 16, 1911, were marked Defendant's Exhibit No. 83, and are as follows : Petitioner's Exhibit No. 83. Minutes of a Regular Meeting of the Board of Directors of the General Film Company, held at 80 Fifth Avenue, New York City, January 16th, 1911, at 4 :00 P. M. Present, Messrs. Kennedy, Berst, Dyer, Kleine, Long, Lubin, Selig, Spoor and Pelzer, Secretary. Also Messrs. Blackton, Marvin, Paul Melies and Bock. All the Directors present agreed to hold the meeting at 80 Fifth Avenue instead of 10 Fifth Avenue, and the meeting was called to order and held at 80 Fifth Avenue. Minutes of the previous meeting were read and approved. Mr. Kennedy reported that since the last meeting negotiations for the purchase of Kent Film Exchange were closed and the business of that exchange acquired by this company. Mr. Kennedy also made the following report of the company's obligations arising out of the purchase of exchanges : Approximate summary of prices, interest and seven per cent, stock included in contracts under which exchanges owned on January 14, 1911, by General Film Company were bought; (This summary does not include amount of last week's film bill, nor merchandise).