Mr. Ruby. And the name of the plant in Benton Harbor, Mich., is called the American Laundry and Dry Cleaners, and the brother-in-law there who is married to George Marcus’ sister is Elwood Jacobs.
Mr. Hubert. Do you know those people, the two brothers-in-law?
Mr. Ruby. Oh, yes, you know, being close to my best friend for so many years, I was always close to the family as a whole.
Mr. Hubert. But you have no interest in those plants?
Mr. Ruby. No, no.
Mr. Hubert. And you have a 50-percent interest in the Cobo plant?
Mr. Ruby. Yes.
Mr. Hubert. Did we have some indication that there was a company or something, sort of & business enterprise called the Earl Ruby Co? Will you tell us about that?
Mr. Ruby. When I sold the Earl Products Co., I sold the whole Earl Products Co. and he was supposed to pay me—he gave me so much money down, about $20,000 down, I think—and he was supposed to pay me the balance out so much a year.
Well, after he paid so much, he paid me for about a year or so, he said he can’t pay me any more money, he wants to make a new deal on the balance of the money that he owed me. So we made a deal that he would only give me $10,000 more. He owed me about $30,000 or so. We settled for $10,000 in cash plus I would take over the camera manufacturing. We had a little camera we manufactured. He would give me the tools and dies of that business, and also the tools and dies to make a little nameplate that kids fasten on the back of their bicycles. So when I took that over, I had to have a company name to run it, and so I decided to call that Earl Ruby Co.