Mr. Saunders. I feel not.
Mr. Hubert. And the accurate statement is that he was shook up like everybody else?
Mr. Saunders. Right.
Mr. Hubert. But not more so?
Mr. Saunders. Right.
Mr. Hubert. Now, turning to the second page of Exhibit No. 1, I notice that in the fifth line you have a question as to a sentence reading as follows: “He never doubted Jack Ruby’s word at any time and Ruby never turned out to be a bad credit risk but always paid off exactly as he agreed.”
Mr. Saunders. In our business association Jack Ruby’s club, the Vegas Club, was not extended credit by the Dallas News, but it was what we term a “cash with copy” account. He was advertising with us steadily, as he always did thereafter. At the time I was calling on him, quite often he would place advertising copy very close to deadlines over the telephone, which was not convenient to run 10 miles out to his club and try and get cash, where we had a 5-minute deadline or 10-minute deadline. I, in my own workings at the paper quite often work with accounts, and if they tell me “I’ll pay you tomorrow,” I’ll say “fine,” and I’ll go ahead and put the ad in the paper and go get the money the next day. This is what I would do.
I will not say I never doubted Jack Ruby’s word at any time. I think that is a misquote. It is a fact that he did do what he told me he would do on each instance, but any time in any business when you’re dealing with someone who is on a credit basis where there is no credit that has been established, you can’t help but take a tongue-in-cheek attitude, and certainly the statement makes it sound like I am trying to whitewash him, which I certainly do not mean to do.
Mr. Hubert. It’s too broad—all you mean to say is that you would extend him credit on the terms you just described?
Mr. Saunders. Right—on a personal basis.