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)

Record Details:

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2968 Percival L. Waters, Direct Examination. Q. Who was the "big chief' referred to? A. T. D. Sullivan who, I think, was represented to be interested in the exchange, and Mr. Fox referred to him as being the "big chief" throughout the conversation. Q. So that the characterization "big chief" which was used at that conversation was used by Mr. Fox and not by you? A. Yes, by Mr. Fox. Q. Before you called up Mr. Kennedy did Mr. Fox say anything to you at all about the price of his exchange? A. Yes, sir. Q. What did he say? A. He said his exchange was a very valuable one and that he considered it worth a lot of money. He wanted to know if I thought it would be possible for him to make a price on the exchange, and I told him I had no advice to give, and knew nothing about it. He says, "Well, I would like to tell you in confidence what the price is, but it is distinctly understood you are not to mention this to Mr. Kennedy," and I said, "All right," He said he held the exchange at at least one hundred and fifty thousand dollars. Q. Did you know at that time whether Mr. Fox and Mr. Kennedy wrere acquainted? A. Yes. Q. They were already acquainted? A. Yes, sir. Q. Did you enumerate the various offices Mr. Kenned}' held in the different companies when talking to Mr. Fox on that occasion? A. No. Q. Did you find it necessary to go into a lengthy statement to identify Mr. Kennedy? A. No. Q. When Fox met Kennedy were you present? A. Yes, sir. Q. Did you find it necessary to introduce them to each other? A. No. Q. When you went with Mr. Fox to Mr. Kennedy's office after the conversation you have just described, did you on that occasion say to Mr. Kennedy, either in words or in substance: "I had quite a talk with Mr. Fox, and I think he understands his position pretty well"? A. No. Q. Did you see Fox again after the conversation between him and Mr. Kennedy and at which you were not present? A. Yes, sir. Q. Did you see him immediately after their conversation? A. Yes. Q. Did you, shortly after the conversation between Mr.