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    "ocrText": "- 2 -\n12:45 PM CORCORAN to TIM MOONEY (Continued)\non installments. The income is applied to the purchase price. Income\nabove purchase price goes to charitable institutions. TIM said that may\nbe a little dangerous, on the theory that there is an appropriation of\nthe income for other than charitable purposes. TIM said that he thought\nit was a good bet. CORCORAN said that he would take it.\nTIM said that Allied Stores put over a deal like that. TIM said that he\nwas in the background on that. He said that they got rid of a lot of\ntheir real estate, and sold it to an educational institution, and then\ntook back long-term leases. TIM said that he had formed charitable\ninstitutions with a right to engage in business to make money for charitable\npurposes. He said that he thinks that the Bureau recognizes that they\ncan't get around that, the important thing being the ultimate destination\nof the incomes.\n4:05 PM JOSH LEE talked with CORCORAN. LEE said that he talked to Mr. LYONS and\nhe said that that would have to be cleared before the Joint Chiefs of Staff\nbefore he could go into that theatre. CORCORAN asked who clears it before\nthe Chiefs of Staff. LEE said that he didn't ask. LEE said that he thought\nthat LYONS was \"going to get it out for us,\" and that he, LEE, inferred that\nthe matter was under way, and that LYONS will \"get it out for us.\" LEE said,\n\"We're just barely under the wire on this, at best, and that he had brought\nthis out to LYONS. He said that LYONS said that there was a fellow named\nPRICE, who was head of the Chinese Mission, who hadn't gone yet and probably\nwouldn't go, but that some one would probably go in his place, and LYONS\nthought that KIEHN could go with this latter individual when he goes. LEE\nsaid that LYONS was very enthusiastic \"and warm\" about this, and that he\nthinks that LYONS will put it through. LEE said that LYONS thought it of\nprime importance that the Chinese Mission be kept alive, if possible.\nLEE said that LYONS \"knows damned good and well that if he doesn't (put it\nthrough) that we're out for his hide too\nbecause they've had it for\nthree weeks. CORCORAN agreed. CORCORAN said that he talked to the\nAmbassador, this morning, and that the Ambassador will \"hold it open for\nus.\" LEE will call LYONS in the morning. CORCORAN said, \"Your friend was\nin here, about half an hour ago, and I wasn't here. But he's coming back.\nAnd he went over to see the General. LEE said that he was leaving now, and\nasked, \"Shall I put those liens (or lens - not clear) in my pocket?\"\nCORCORAN: \"I wish you would.' LEE may pick CORCORAN up, in the morning.\nO.K.\n4:17 PM CORCORAN talked with JIM (CLEMENTS, in Senator PEPPER's office). He and\nCLEMENTS had previously discussed the possibility of CLEMENTS contacting\nEDWARD PRICHARD in an effort to have action withheld by the Civil Aeronautics\nauthorities on their ratification in behalf of an overseas route. CLEMENTS\nat that time indicated he was endeavoring to have ROBERT HANNEGAN, Postmaster\nGeneral, intercede in their behalf.\nAt this time CLEMENTS advised CORCORAN that this same matter had been dis-\ncussed with some unidentified individual and that the political implications\nof giving it to the other people had been impressed upon him. CORCORAN agreed\nwith CLEMENTS that this was a good move."
}