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 (1914)

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Pekcival L. Waters, Direct Examination. 2001 Thereupon, PERCIVAL L. WATERS, the next witness 1 produced by the defendants, of lawful age, being first duly sworn by the Examiner, deposed as follows : Direct examination by Mr. Kingsley: Q. Where do you live, Mr. Waters? A. Hotel Wolcott, New York. Q. How long have you been a resident of New York? A. About eighteen years. Q. What business were you engaged in in 1909? A. Moving picture business; distributing films. 2 Q. And by that do you mean that you owned a rental exchange? A. Yes, sir. Q. How long had you been the owner of a rental exchange in 1909? A. About fifteen years. Q. Mr. Waters, did you sell your rental exchange to the General Film Company? A. Yes, sir. Q. At what time was it that you sold your stock and films to the General Film Company? A. It was in 1910. Q. At what time in 1910? A. Why, the arrangements were made, I think, in about April or May. Q. With whom did you deal when you entered into the 3 contract for the sale of your stock and films to the General Film Company? A. J. J. Kennedy. Q. Did you conduct the negotiations entirely with him? A. No, I closed with Mr. Kennedy and Mr. Berst, representing the General Film Company. Q. How did the negotiations begin between you and Mr. Kennedy? A. Someone called me on the 'phone, and asked me if I would see Mr. Kennedy at the General Film Company's office on a certain day, and I told them "Yes," and I went to the office and met Mr. Kennedy and Mr. Berst, too, I think, was present. Q. At the time that you called upon Mr. Kennedy was there any discussion respecting the possibility of the sale of your stock and films to the General Film Company? A. Any discussion? Q. Yes. A. No discussion. Q. Was any offer made to you at that time? A. Yes, sir. Q. Did you subsequently accept the offer that was made to you? A. Yes.