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.

2072 Frederick A. Anthony, Direct Examination. continue to advance money if we were going to use it up in that way. Mr. Grosvenor: What year was this? The Witness: This was early in 1904, or the latter part of 1903. I told him that if we stopped the Turner litigation we could not manufacture the cartridge film, and that that was essential to our business, as it was necessary to have the film to supply dealers who purchased our cameras, the East9 man Company not being willing to sell their cameras or films to the dealers who purchased our cameras; and that if we stopped the Goodwin litigation, that contract would be cancelled, and it might fall into Eastman's hands, and be used against us. So they decided to allow the litigation to continue, but stated that we must spend as little as possible on them. By Mr. Caldwell : Q. You may continue during the years 1903, 1904, 1905, 1906 and clear up to 1908. A. Well, during 1903, 1904 and 3 1905, the financial condition of the company was such that we were living practically from hand to mouth. Q. And did the affairs of the company continue under the management of this committee of bankers? A. Yes, sir; under their supervision. We were required to send down all of our accounts receivable as collateral for money they advanced, and along toward the end of 1905 we did not have enough accounts to send down to secure the loans, and in December, 1905, I objected to the running of the company in that way, and I told them I would resign, which I did in 4 February, 1906. Q. And what office did you resign in February, 1906? A. First vice-president. Q. You had occupied that office during all the years to which you have just testified? A. I was treasurer the most of the time, but we had brought into the company a new man, and he was made treasurer at my suggestion, so as to give him an official position. Q. And you were the active manager of the affairs? A. Yes, sir. Q. During that period? A. Yes, sir.