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-+ g came out to do. He then talked to Mr. Cagney, who is more seriously affected Lary anybody else. Mr. Cagney is trying to hold together an organization and he wants to get his loan set so that he can go ahead with production. Mr. Cagney then phoned Chet Rude and found that everything was satisfactory with the , Security-Firct National Bank. The Chairman stated that they then talked to
Miss Pickford and Mr. Chaplin and told them of the position. A few days later
the Security-First National Bank completely reversed itself. They explained that.
since they were in some deals with Bankers Trust Company they would have to go along with Bankers Trust Company. With respect to the Cagney loan, Mr. Yousling said he conld not give an answer until he got an answer from Mr. Ardrey and Mr. Ardrey says he will decides when United Artists Corporation does something. Mr. Kelly stated thet they talked to Security-First National Bank about certain un delivered pictures likyw CHRISTMAS EVE and Chet Rude's attitude was that the producers would have to deliver the pictures so that the loans could be realised on. % The Chairman stated that he finally cane to a definite eaves dew Peter Rathvon of RKO on the four pictures. Mr. Rathvon did not agree to let the Chairman take the pictures he wanted without taking certain others. He insisted on block-booking. The Chairman stated that he returned to New York and got in | touch with Wentworth Johnson of Irving Trust Company who offered us a 90% loan on the BKO pictures, allowing $700,000 for prints and advertising, on 20% world wide distrittion, subject to the approval of the Bank's Board. The Chairman stated tint he $c14 Mr. Jehnsen he would 00 ktm Ieee thts aftemmen hether ws want to make the deal or not md he mst also let RED imow as they do not want to prolong the negotiations. He stated he received a telephone call Pron Miss Pickford to the effect that Daily Variety carried the story stating that the RED deal was off because we were unable to find the money to finance it. The
Chairman stated that if we do not give them an affirmative answer after today's