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    "ocrText": "- 2 -\n10:40 AM\nSenator SMATHERS to CORCORAN (CONTINUED):\nC - Nehi. Now, EDDIE sent this fellow CAPLIN down to see me with this\nkind of a proposition. Now he said these people owe about $600,000\nin taxes--they owe about $500,000 in taxes, and the fraud penal+\non that would be about $250,000, which would make their total\n$750,000. They've tried to settle this thing without indictment\nfor $350,000, and they've got a lawyer up in New York who's been\ndown to TOM CLARK (Attorney General) trying to get that settlement\naccepted.\nS - Well TOM put it over until Tuesday until 12 o'clock, and I have an\nappointment with him at 12:00 Tuesday. Are you going with me?\nC - No. Now, let's just keep going for the minute. The lawyer up in\nNew York who has been handling this is a young fellow named\nCAMINETTI or CAMINETTO, or something like that, who is a friend\nof TOM's (CLARK). But he knows perfectly well that the offer is\nnot going to be accepted. Now, EDDIE DONOVAN came to me with this\nproposition. EDDIE said, *This sugar quota is enormously valuable.\nI tell you, if it's possible to get them to accept anything down in\nJustice which won't send these guys to jail that in turn I can get\nthem to sell the sugar quota and the sugar business to me and then\nI'll take you and whoever is with you in on this sugar business which\nis transferable, as I understand, in addition to whatever fee you get\nout of the thing, and since this sugar quota has been tested time\nand time again you can make a hell of a pile out of a partnership in\nthe sugar business with me, on top of your fee.\" Now, I looked at\nthis thing yesterday and I just guessed there is a small chance.\nI trust EDDIE DONOVAN--the other people I don't know--but the\nperson I saw was CAPLIN, whom DONOVAN sent to me with this proposi-\ntion. I know the Department of Justice won't accept the $350,000\nsettlement. I think they might accept the $750,000 settlement\nwhich is the entire amount of tax plus the fraud penalty. When\nthese people come to see you, I'd tell them that I knew that the\n$350,000 settlement wouldn't be taken; that I wouldn't go down and\ntalk to the people in Washington except on the basis that they came\nas close to the full settlement as it was possible to come, and\nthat then you could say to the Department of Justice, \"You're\ngetting the full tax and the full fraud penalty out of these people--\nthere's no use in smashing up a local enterprise in my home state\nof New Jersey. Get it?\nS - Yeah.\nC - Now, then when you start your trade--I told EDDIE DONOVAN that\nanything that I got out of this I would take through you, and that\nall I really wanted out of this thing was a piece of that sugar\nbusiness, if the sugar business fell into our lap.\nS - Well, that's what I wanted to talk about--the fees. I want to\ngive you one-half of the fees and I want to know how much--\nC - Well, now listen. This is what I would do if I were you. Remember,\nthese boys, like all of their kind, have something tucked away\nand something hidden away. When you talk about raising this\nbusiness from $350,000 to six or $750,000 they're going to scream\nfrom one end of hell to the other. But on the other hand, I made\ntheir agent yesterday understand that they were right in the shadow"
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