Mr. Hubert. Was the corporation formed then?
Mr. Paul. No, sir.
Mr. Hubert. So, it was owned by you and Bonds?
Mr. Paul. Ralph Paul and Joe Bonds.
Mr. Hubert. Half and half?
Mr. Paul. Yes.
Mr. Hubert. How long did that venture last?
Mr. Paul. I sold out my interest in May of 1948.
Mr. Hubert. So, it lasted a very short period of time?
Mr. Paul. Yes.