(Testimony of Ralph Paul)
Mr. Paul.
the money." Well, he didn't come around that Saturday, and subsequently he came around and he said he had to use the money to get into the business there. What do you do with a person--you're just stuck. You can't do nothing until then--you can't do nothing with them. That went on for a couple months, and now, listen to this: One day, on a Friday--that's how the other $700 is going to come in--on a Friday he comes in and he says, "If I don't get the money to buy beer, I've got to close it down." Well, you've got to think--you're already stuck with $3,000--that's how the payments came when I was with him at the Vegas Club-- you understand me?
Mr. Hubert.
Yes; so, you gave him another $700 on that occasion?
Mr. Paul.
Yes; but when he sold the Silver Spur at that time, he gave me money back, because I have the note on the Silver Spur. He gave me the note on the Silver Spur for the money, so in order to release the note, he gave me $1,000.
Mr. Hubert.
Now, that's a different transaction from the $3,700; is it?
Mr. Paul.
That's from the $3,700. You see, I took a note afterwards, when he went bankrupt--when he went with the Bob Wills Ranch House, he gave me a note on the Silver Spur.
Mr. Hubert.
For what amount?
Mr. Paul.
For the $3,700.
Mr. Hubert.
Up to that time you didn't have a note, but when the Ranch House folded----
Mr. Paul.
Folded--it didn't fold, his partner bought him out--the two of them--he couldn't--he didn't get any money out of it anyway.
Mr. Hubert.
Then, he went into the Silver Spur?
Mr. Paul.
No; he was in the Silver Spur before.
Mr. Hubert.
He was in the Silver Spur already?
Mr. Paul.
Yes.
Mr. Hubert.
He was in both?
Mr. Paul.
Yes; he was in both.
Mr. Hubert.
So, you got him to give you a note to show the $3,700?
Mr. Paul.
But when he sold it, I think he sold it for $2,200, or $2,700, but he had to pay so many people that he gave me a thousand.
Mr. Hubert.
In other words, when he sold the Silver Spur----
Mr. Paul.
I had to give him the note---he couldn't sell it without the note.
Mr. Hubert.
Was the note secured in any way?
Mr. Paul.
No; it was registered.
Mr. Hubert.
A registered note, which made it a lien against the Silver Spur?
Mr. Paul.
That's right.
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.
Mr. Hubert.
In other words, from August 1957 to May 1958, you helped out at the Vegas, which he was then operating?
Mr. PAUL. Yes.
Mr. Hubert.
The Silver Spur had gone?
Mr. Paul.
Yes.
Mr. Hubert.
And then the indebtedness got reduced to about $1,200 you think as of May 1958?
Mr. Paul.
Yes.
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