Mr. Senator. Yes.
Mr. Griffin. Before Seder and St. Charles got involved in it?
Mr. Senator. Yes; it was going. It was a going business. And he wanted to get rid of this business, because I just don’t remember if he couldn’t handle it or he couldn’t handle both of them, I think it was. And this business here, he had to get rid of because it was deteriorating a bit because it wasn’t getting the service. It wasn’t being handled for the service. In other words, his business had slipped a certain amount.
Mr. Griffin. Did Seder and St. Charles put up some money to acquire this business?
Mr. Senator. Yes, they put up the money; yes.
Mr. Griffin. About how much money did they put up?
Mr. Senator. I think they put up somewheres around $1,500 apiece, and I think they took a note for $1,500. I think the business went for $3,000, if I can remember right.
Mr. Griffin. What assets, what kind of assets did they acquire?
Mr. Senator. The cards.
Mr. Griffin. No office space?