“Mr. Marchand. What competition?

“Mr. Leeds. I think it amounts to $25 a car.

“Mr. Marchand. $25 a car?

“Mr. Leeds. Yes, sir.

“Mr. Marchand. By whom?

“Mr. Leeds. We had only one competition.

“Mr. Marchand. Who was your competitor?

“Mr. Leeds. The Armour Car-Line.

“Mr. Marchand. And it was necessary to give $25 or more in order to secure the traffic—was that your idea?

“Mr. Leeds. I believed so.