lll.« 



Gilbi Would it have been in the depression of 'twenty-one? 



Oogginsi 1^t« A% that tlwB I was a till la tlii itatioaersr 



business too^ and X noticed the stationery was hit 

 by the depression, but It didn't have any effect on 



i|rtNFTMM»t«# , ■ ^ : 



Oilbs So the stockholders were forced to Bieet» kxi6 what 

 happened at that meeting? 



Ooggittst #lti^x%on resigned, lift iras ready t# xwslgn* kM a 

 lot of the people in it resigned at the time; soane 

 of them sold their stoek. Those that were left 

 wanted to save what t^y dOtald out ef the business, 

 and they asked ir^ to take it over and either liquidate 

 it, or if I thought I could, go ahead and r\m It as 

 economically as possible* 



When I saw the volume they had, I was greatly 

 impressed, because I had never known any business 

 that built up to five, six, seven hundred thousani 

 dollars volume in such a shcrt tlme# 



Oilbt This B\m refers to what, their gross inoome? 



Oogginss Tolume of sales* And in most businesses that is 



the problem. In this one, the problem was keeping 

 costs down* 



Gilbi So what did you decide to do? 



