Mr. Hubert. In any case, your thought is that his time of departure, which was contemporaneous with the payment of some money over to you was at approximately 1:30?
Mr. Newnam. Approximately; yes, sir.
Mr. Hubert. And it could have been before the announcement of the President’s death, or after?
Mr. Newnam. Yes; because I don’t recall exactly what time that announcement came over.
Mr. Hubert. He did mention to you that he was going to close his clubs?
Mr. Newnam. I think he was—it had been discussed. He didn’t say specifically that he was—I don’t recall that he did.
Mr. Hubert. But he was considering it in any case?
Mr. Newnam. I’m sure he was.
Mr. Hubert. And whatever he said to you indicated that he was considering closing the club?
Mr. Newnam. Yes, sir; but he didn’t tell me at the time, or we could have gone ahead and made the changes then.