◆ SpookStack

Pee Cad Be: yt he PAOLO A RT me OO A eee oe CO actitet ae aie Ot beh leet eee ah en Ut rt TR RT oe TIMER 8, LO adie abe ate De ated ied An cae a ae et espe el, corny ny Poe et Des NY 6-2507 and directors. PUDLEY suggested BOWEN 4s president, BERENSON as vice presidcnt and himsclf, DUDLEY, as secretary. BERENSON advised he had no objection to this arrangement, Shortly thoreafter, DUDLEY either wrote or telephoned BERENSON and told him that he was now forming the USPC. He askod BERENSON to forward him a $200, check in payment for the stock of tho corporetion. The telephone contacts from DUDLEY were mado with BERENSON through telephone No. PLaza 9- 6302. This was the telephone number for the Continental American Travel Inc. at the Ritz Towers Hotel, of which concern BERENSON was prosidcnt, BERENSON advised that he forwarded the $200, check to | PUDLEY. He stated NUDLEY told him he would issue stock to : ' BERENSON, BOWEN and himself. He did not ask DUDLEY concerning the capital investments of either BOWEN or DUDLEY and at that. time did not ask him concerning the number of shares of stock that would be issued to each of the stockholders, BERENSON advised that he docs not know now and never did know whether DUDLEY and BOWEN madeo capital contribution to USPC, BERENSON ‘advised that DUDLEY mAdo out the application “for the ten tankers. Ye docs not recall whether ho saw the appli- cation before PMUDLEY forwarded it to tho United States Maritime Commission. BERENSON does recall that he received a photostatic copy of the application about the time it was forwarded. BERENSON advised that the tanker market wos very active during Octobcr 1947. He stated that after the USPC application was forwarded to the United States Maritime Commission many brokcrs called him with propositions concerning the charter- ing of the tankers when and if USPC obtained same. . He advised that ho contacted Bryant and Vining, Simpson, Spence and Young and other brokers whose names he could not recall concerning the chartering of those tankers. Ho 4180 advised that he contacted Lehman Rrothers, Lazard Freres, Equitable Life, the First National Bank of Cnicago and other financial institutions , concorning the possible financing of the purchase of the vesselie The brokers also had nuwncrous suggestions as to how these vessels might bo financed.