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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SlEGMUND LUBIN, CROSS EXAMINATION. 3085 General Film Company was organized an estimate of the value of the business of exchanges leasing licensed motion pictures, was made by men familiar — " A. I want to ask one question. You tell me that this letter was sent to Mr. Pelzer? Q. By Mr. Kennedy? A. Why, no, I have no knowledge about things from another man. Q. I am not asking you about the letter. Kindly concentrate your attention on what I am reading now, Mr. Lubin. A. Yes. Q. This letter states : "Some time before the General Film Company was organized an estimate of the value of the business of exchanges leasing licensed motion pictures, was made by men familiar with the manufacture of motion pictures and also with the business of exchanges. According to this estimate, the value of said business was $3,468,847/' Now, my question is, did you see any such estimate of the value of the business of the licensed exchanges prior to the formation of the General Film Company? A. I have no knowledge at all whatever of it; never heard about it, don't know whether it was three millions or fifty millions; I don't know anything at all about it. Q. Mr. Kennedy was the President of the General Film Company? A. Yes, sir, he was. Q. From the start? A. Yes, sir, from the first. At the first of the General Film Company, he was from the start, the President. Q. Was he the officer who had principal charge of buying the various rental exchanges? A. I think he was the man. I never knew what he paid to the people, never was there in such transactions, never had them. Q. Will you kindly direct your attention to Petitioner's Exhibit Xo. 80, being the minutes of a regular meeting of the Board of Directors of the General Film Company, held at No. 10 Fifth Avenue, New York City, October 11th, 1910, at -1 P. M. Kindly read that exhibit. A. I have read it. Q. The minutes of this meeting report you as having been present. Does the reading of these minutes refresh your recollection as to your having been present at the meeting referred to in the minutes? A. When It says so, I was there. One thing I don't understand here is he saying, "Business of the entire country controlled by