Mr. Hubert. Are you aware that there was a corporation called Sovereign, Inc., that owned the Sovereign Club?
Mr. Paul. Yes.
Mr. Hubert. I think you told me that he endorsed over as security 500 of the shares?
Mr. Paul. Yes.
Mr. Hubert. That was not the S. & R. shares with the stock certificates, was it?
Mr. Paul. The S. & R. was the Sovereign Club. The original Sovereign Club was the S. & R., because Slayton didn’t belong to anything else but the Sovereign Club.
Mr. Hubert. Let me see if I can get this straight; you mentioned that in order to start the Sovereign Club you advanced $1,650?
Mr. Paul. No; that’s after Slayton went out.
Mr. Hubert. After Slayton went out?
Mr. Paul. Jack Ruby owned the whole thing then.