Mr. Hubert. So that if he was going to sell it to anybody he had to clear the note, he had to get some sort of cancellation as to registration and that required the note?
Mr. Paul. I gave him the note.
Mr. Hubert. And you gave him the note for $1,000.
Mr. Paul. Yes.
Mr. Hubert. That left $2,700 still owing?
Mr. Paul. Not exactly $2,700—he paid me in little sums like 50 or 100—I think it left about $2,200.
Mr. Hubert. At that time?
Mr. Paul. At that time.
Mr. Hubert. And, of course, you had no more note?
Mr. Paul. Yes; but when I helped him at the club, he gave me $50 or $25 or anything he could get ahold of to give me, so that eventually the note went down to $1,200, and that’s what it remained on that deal.