Mr. Armstrong. I believe so.
Mr. Hubert. Now, why do you think the financial condition of the club was not good?
Mr. Armstrong. Well, there was—compared to the other two clubs it was not good, because the other two clubs—the Theatre Lounge and the Colony Club—they did a lot more business than the Carousel did.
Mr. Hubert. When you said they did more business, you mean they had more people in there?
Mr. Armstrong. Yes.
Mr. Hubert. That would mean, I suppose, something—that there were more customers than the other place, but was the Carousel making money or losing money?
Mr. Armstrong. Well, I would say it was making enough to pay the bills and paying overhead.
Mr. Hubert. Did you ever talk to Jack about that?
Mr. Armstrong. No; he would always—if we had a month of good business, he would say, “Business is picking up,” you know.
Mr. Hubert. Did you ever make a calculation yourself—I don’t mean necessarily by putting it down in writing, but by thinking about what you knew had come in and what you knew had gone out, to figure out whether it was making or losing money?