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a ee een NY 46-2507 . Ho advised it appeared for some time prior to February, 1948 that the Now York Life Insurence Company would financo the purchase of the three vessels allotted to fimerican Marino Corporation by the U. S. Maritime Commission. He advised, however, that nogotiations with New York Life Insurance Company did not materialize end he did not think 0, F, Taylor md Company would receive any fee whatsoover; in fact, he said the company was considering writing off certnin disbursements to profit and loss when either PARKER ae informed him thet they had found . bic fomeone whe could obtain a chartcrer for the vessels, He advised it was about this time the stock of American Marine was sold to U. S, Petroleum Carriers and exhibited a letter datcd February 5, 1940 addressed to Amcrican Marine Corporation, 1025 Connectiout /venue N.W., L Washington, D. C., in which he submitted his resignation as Te Director and Scecretary-Trosasurcr offective whon accepted by | L the corporation, It is to be noted that tho address of the 712 American Marine Corporation on this letter the sSame_as : that of the office of E, COURTLAND PaRKGR, does not recall when he severed all connections with e company but that after February 5, 1948 his only connection “with Amcrican Marine was to sign papers as Secretary-Treasurer of the company, SED «022175 a mecting in Hoboken, New bd Jersey attended by officials of both Amcorican Marine Corpora- tion and U, S. Petroleum Carricrs, at which meeting he signed a number of papers as Sccrctsry-Treasurer of American Marine, He snid he could not recall if it was ot this mecting that tho sale of stock took place or if the meeting was held for 8ome other purpose, that he and tho other partners of bid O, F, Taylor md Company were pleasantly surprised upon , learning arrangements had boon made to 8c11 the commny and that they would recive an foo for accounting sorvices ronderod American Marine beenuse hu had given up hope of obtaining any - romiuneration after the New York Life Insurence Company | financing failed to materialize, Hc advised that at regular founso A kha had Pere wn approxfmtely *4,000,00 for American Marine ond, on this ‘ this basis, 0. F. Taylor and Comvany received approximately. * .