We had some difficulty in placing him in his proper position and keeping him there, which may have led him to seek an outlet elsewhere.

He was perhaps flattered by men who were well known in the community; and in this case he was led by persons who knew how to reach him by extolling his wonderful business abilities in addition to his mechanical genius--abilities which his own partners, as already suggested, but faintly recognized.
After Mr.Kloman had passed through the bankruptcy court and was again free, we offered him a ten per cent interest in our business, charging for it only the actual capital invested, with nothing whatever for good-will.

This we were to carry for him until the profits paid for it.

We were to charge interest only on the cost, and he was to assume no responsibility.

The offer was accompanied by the condition that he should not enter into any other business or endorse for others, but give his whole time and attention to the mechanical and not the business management of the mills.