Mr. Hubert. All right, go on and tell us what happened?
Mr. Ruby. And Marcus and I talked over the possibility of going into the cleaning business together, and he being so successful, I was very happy that he even, you know, came to me and was interested in my running the plant, because he is more or less a silent partner.
So, sure enough, we checked out a few plants and then we happened to hear of this plant in Detroit, Cobo Cleaners, that is the plant. It was originally owned by the mayor of Detroit. And we heard about this plant and we went to Detroit, checked that out and checked out the possibilities, and we decided it was a pretty good deal. And so we bought that as equal partners. And that was in 1961, October of 1961.
Mr. Hubert. What did you pay for it?
Mr. Ruby. We paid for it, for the real estate and the business, $120,000.
Mr. Hubert. And you each put up half?
Mr. Ruby. Yes. Of course, we only paid so much down, you know. We didn’t pay the full price, of course.
Mr. Hubert. And that is the business you are in now?
Mr. Ruby. Yes, sir.
Mr. Hubert. And you run the operation?