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CO SUMMARY Washington, D. C. July 11, 1945 10:00am CORCORAN to CHARLES MERKESON (Phon.), Room 728, Carlton Hotel. The following conversation took place: C--Now, I went over last night--and I'm not going to use any names, dates, or places--and I had a long talk and finally just decided I'd take the bull in my--the ball in my own hands. oh, and I had a long talk with that Number 2 man that we've talked about who said that he already yesterday had sent a messenger in on this thing giving orders and that the messenger was to come back this morning; that he furthermore would go on with stage #2 today--ah, that is, yesterday was the affirmative side of it, today will be a reiteration of the negative side of it and that further- more they knew all about the business with relation to which you went to New York--I mean they didn't know who you went to see in New York but they knew about the threat of the other fellow, and they had definitely stopped him and told this other bird that they wouldn't take anything-- it had to be new blood from the outside. M--Good. God knows it ought to be. C--Now I just wanted to pass those things to you quickly. Be sure we see each other later in the day--say about 12 o'clock. M--No. Here's my setup, young man, and I was going to call you. We're having a board of directors' meeting today and a luncheon meeting at 12:30 over there. Obviously--I mean-- this is the second one I've gone to C--That's right, and it's important that you go to it. M--The minute I get free I'll give you a buzz and then we'll try to get together. C--I'll be having lunch over in your hotel at 12:30 myself. M--I may be, you know, that at this meeting or the next we're going to take some affirmative action that might be of interest to you to hop on quick, no matter what this other thing is. There may be splits of 2 to 1, maybe a dividend, maybe a lot of affirmative action which you can take through PEGGY or somebody and take advantage of. C--Yeah, unless it hasn't been discounted already. M--Well, I don't see how it could be--I mean--it isn't there. C--Yeah. M--Well, anyway, that's where I'll be from 12:15 on, and I'll get in touch with you later. 10:05am CORCORAN to Secretary ICKES who was out of town until tomorrow. 10:15am THURMAN ARNOLD to CORCORAN asking if it will be all right for ARNOLD to write to EDDIE LOMBARD in New York direct. CORCORAN said it would be all right. (It is noted that LOMBARD is one