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298 William IT. Swanson, Direct Examination.
Q. Did he state what position he was prepared to accept?
Mr. Caldwell: Objected to upon the ground that it is irrelevant, immaterial and incompetent.
A. He did.
Q. And what was that? A. He stated that he was resigning with regrets from the association ; that he was going to or had accepted the position of General Manager of the Motion Picture Patents Company, and that he would be glad to discuss the contents of the printed form that had been presented to the meeting.
Q. Was that printed form read to the meeting? A. I read it to the meeting.
Q. Now, going back to my question preceding — please state what, if anything, Mr. MacDonald said in regard to those license agreements after you had read one?
Mr. Caldwell : Objected to because irrelevant, immaterial and incompetent.
A. He stated that the Motion Picture Patents Company had been formed and had issued these agreements for the purpose of uplifting the business, controlling the same, and removing false competitors who were not entitled to make film, and that they would be issued only to worthy exchanges ; that they were offered in the open meeting merely for perusal, and that the question of the signing of the same and the acceptance of the same would be taken up at a later time by the officers of the Motion Picture Patents Company.
Q. Were any of the manufacturers present during any of this time? A. Mr. Lubin and Mr. William Rock.
Q. Did Mr. Lubin say anything? A. He did.
Q. What did he say?
Mr. Caldwell: Objected to as irrelevant, incompetent and immaterial.
A. In an effort to create enthusiasm in favor of the agreement, he called for the attention of the Chair, and stated that lie had been legally fighting the patent interests for years, and thai he had lost $35,000, his first accumulation in business efforts, and that he had lost $75,000, his second accumu