Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1913-05-01
FRIEDMAN SELLS
FOR $4,000 CASH
Gets S1,8OO,OOo in Stock of SO In
stitutes in AS Many
States.
THROWS OVER SIMPLE PLAN
American Rights in His Turtle
Vaccine Cure Disposed Of
According to Own Ideas
No Charity.
THROWS OVER SIMPLE PLAN

New York, April 27.--Aftcr long ncgo-
tiations DR.. Friedrich Franz Friedman
arranged yesterday fo- the sale Of the
American rights in his turtle vaccine con
sumption cure for $125.o0o in cash and
S1s000oo in stock in 80 Friedrich +.
Friedman Institutes to he organized in
36 selected States. with q total capital
izatlon of $4,000. 900
Tho first payment to Dr Friedman on
account was made yesterday. It consist
ed Of check for S125.OoO. which will be
all the cash Or. Friedman will receive
until the fees for the treatment of pa
tents with his turtle vaccine begin to
come in
The American concern which will I'M
dcrtakc the marketing of the Friedman
cure is the Eisncr-M cndolson company.
Under the terms Of the agreement. this
concern is to organize the 80 Friedrich f.
friedman Institutes with n capitaliza-
ton Of $15O.O0O each each institute to
retain 100000 in treasury stock and
turn over to Dr. Friedman $50. 600 in
stock rs his share
The negotiations for the marketing of
the Friedman vaccine were conducted in
the Offices Of the law firm of lcventrtt,
Cook Nathan at III Broadway. Or.
Friedman was present when the npgotia-
tons terminated. but he was also repre-
scented 10y Carl Scnurz. his personal coun-
sell ON behalf of the Eisncr- McndclSon
company, which gains control of the vac
cine, the law firm of Levcntritt Cook &
agreement
FRIEDMANN SILENT on DEAL
As DR.. Friedman came out of the law
offices many questions sought to learn
from him what the result of the ncgotia-
tons had been. He refused to make any
comments, however. merely stating that
he would issue n full explanation of the
terms tomorrow
The final form Of agreement was arriv-
ed at. ii was learned, after DR.. friedman
had ovcrruled his own lawyer and had
| taken personal charge of the negotiations.
Until Or Friedman assumed personal
command simpler plan was being
drawn up. Under this arrangement,
which Dr Friedman Vetoed a single
company was to be formed with capital
Of S150,000 and "A liberal system for Civ
ing free treatments of the vaccine to the
| poor.
Under the revised plan. with its capt
| tali2ation of Sj.iOO,oOO, the plan for Civ
! ing away free treatments Of the vaccine
was abandoned, and with it went all
| phases Of the charitable feature of the
proposed friedrich +. Friedman Institutes.
! The abandoned plan was brought to all
but completed form on last Sunday morn
! ing. NJ which time Dr. Friedman said
| finally that It would not do and went
ahead with the sketch for a syndicate
with capital up in the millions, which
was finally accepted.
An effort was '1adc yesterday to learn
| lust what States were included in the
| 30 whore the Institutes were to be form
| ed. 1t was that such States as Vermont
| and Connecticut. where there is a small
number of tubercular people would be
omitted while the States to which tuber-
culosis patients go for out-of-door treat
| mentS, such Arizona, Colorado and
| California, would be visited first by
agents of the new syndicate.
1t is proposed to establish staff of
doctors in each State whore an institute
is organized, these doctors to administer
the vaccine to all Corners who can pay the
scale Of fees to be decided upon and to