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aad cs es v4 ! s 4 , ae there de 7 ane a ea nk a te ou 7 i. . _ . yet ey . TORT ee PM Ry ¢: ee . ' a ue Hey a Wt , r eee ‘ ae pee rey Oy 5 ett coppers eee Ledet a ee in any f Nie ifr - me. ‘ f iat at. watt dhe pees 2 [ile pe ” eo ae Ne cans tose - no a . a wont, Doe be Eat. “WFO 46-260 et en tei ss et : a eT so pence aia ? . . : Pe ae Se a ee ae A han you. : Cog te Later and in 1947 ROSENBAUM told BACON of the prospect ~ of purchasing a number of ehips from the United States Maritime Commission, and asked if he would be willing to make an invest-. *. ment. At the eame time, ROSENBAUM told BACON that a lerge.—:°. life inaurance company, the name of which he preferred not to . mention, had agreed to underwrite a substantial awount of the - - ey . purchase price of the vessels. 2. dg (Tastee De BACON, as he recelled, then got in touch with LESLIE MILLS, a Certified Public Accountant in New York City, with = -.. whom he had eerved on the Navy Price Adjustment Board during the War. He aleo contacted CORTLANDT PARKER, a practicing - attorney and a friend of hie in Weshington, D. C, Thereafter -_ he had discussions with ROSENSAUM, PARKER, and MILLS in Washington, D. C. concerning the formation of the American =~ Marine Corporation. He told ROSENBAUM he would subscribe to 20 per cent of the stock and would invest up to $50,000 in the- new Corporation, provided that it was euccessful in obtaining | the ships and putting them into operation. He eaid that he would not serve as an officer or director in the Corporation ‘— due to hie employment at the Export-Import Bank, In this to connection, he said he contacted his superior at the bank and obtained clearance to purchase stock in a Corporation which He was advised --.. 5 intended to do businese with the government. dese. that as long ea he 41d not act as an officer or director of . 22> the Corporation and as long as the Corporation aia not do .-- Dt a businese in any way with the Export-Import Bank, there would - RES. be nothing improper about his investment, re Tk ate ". 7 3° " ROSENBAUM organized the Corporation and MILLS and -~... ater. PARKER were officers. The purpose of the Corporation wae to ~- 4 “See. own and operate ships that were to be purchased from the aa ig Ws --. United States Maritime Commiesion, Shortly after the formation pies ~ -of the Corporation, an application was filed with the Maritime —~ Egor ~~: - Commission for the purchase of # number of tankers, and there~ Upee latter an allocation was issued to the Corporation to purchase. ( aS Fel gem es BACON stated that at the time it was agreed to form” peRPS-. 1...) the Corporation that he gave ROSENBAUM ao check for an amount ©... Hl ee es) £9, Mhich he does not now recall, but which would be in the neighbor- Wg wa (6 +2. Mood of from $400 to $800. This represented a 20 per cent ic... AERO . LE apwestment in the Corporation. It was further understoog $hat'’. Peres i oo 5 v2 the event the Corporation could purchase the ships he would’” WR. SES, 9/3. 3 sontribute up to $50,000 in addition. BACON stated thet Shas - iS a iav: tT amount of the purchase price for his 20 per cent interest 3s as,