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:

Something wrong or inaccurate about this page? Let us Know!

Thanks for helping us continually improve the quality of the Lantern search engine for all of our users! We have millions of scanned pages, so user reports are incredibly helpful for us to identify places where we can improve and update the metadata.

Please describe the issue below, and click "Submit" to send your comments to our team! If you'd prefer, you can also send us an email to mhdl@commarts.wisc.edu with your comments.




We use Optical Character Recognition (OCR) during our scanning and processing workflow to make the content of each page searchable. You can view the automatically generated text below as well as copy and paste individual pieces of text to quote in your own work.

Text recognition is never 100% accurate. Many parts of the scanned page may not be reflected in the OCR text output, including: images, page layout, certain fonts or handwriting.

J. A. Berst, Cross Examination. 19G3 $988,800; cash, $2,480,000.'' A. I am not able to explain that statement. That is a fancy statement made by Mr. Kennedy and not at the request of the Executive Committee, and without the knowledge of the Executive Committee. Q. What do you mean by "fancy," Mr. Berst? A. Fancy, I mean in that sense, that it is established on imaginative figures. Q. You mean the estimate was imaginary; that is, that it was a prospective estimate? A. No, I don't mean that. I mean that it is a statement which is based on nothing which is determined, for instance, we know how many inhabitants there are in the United States to-day. We don't know how many there will be in ten years, and if we base the business of the United States on what it will be in ten years, I call that an imaginative figure. I just give this illustration to explain my thought. Q. Well, in other words, you and I to-day could make out an estimate as to what the population would be in ten years from now? A. If you take what was ten years prior and fellow the same thing for ten years after, well, you will establish a statement which will not probably be correct in ten years from now. Q. It would be an estimate? A. It would be an estimate. Q. Now, had not the Board of Directors or Mr. Kennedy for the Board of Directors, made in some way an estimate of what it would cost to buy all the licensed rental exchanges in the United States? A. The Board of Directors, so far as I know, never made such an estimate. Mr. Kennedy just made one, and it was spread into the minutes, probably without even the knowledge of the Board of Directors at the time. Q. Mr. Kennedy, then, before the General Film Company stalled business, had made out an estimate as to what it would cost to buy all the licensed rental exchanges? A. I don't know, sir, what Mr. Kennedy did. He did not communicate it to me if he did it. Q. I show you the minutes of the meeting of January 1G, 1911, at page 279. and ask you to refresh your recollection by leading those minutes. Wliereupon, at 12:45 P. M., an adjournment is taken until 2:'M) P. M. of the same day, at the same place.