e work." Mr. Taylor asked Mr. Krug if he knew a Mr.
Schluetter, of Chicago. Mr. Krug said that he was acquainted with Mr.
Schluetter, had done considerable work for him, and had always been paid
his money. I inferred from their actions that they had had some trouble
with Mr. Schluetter. President Francis said, "Mr. Krug, your bid is very
satisfactory." Mr. Krug had only submitted a bid on part of the
buildings, as shown by the specifications. President Francis asked Mr.
Krug if he could not put in a bid on all the buildings, and why he had
not done so. Mr. Krug said that he was afraid he would have some trouble
getting insurance on all the buildings, and for that reason only
submitted a bid on buildings that were more isolated and less liable to
fire. President Francis told him it would be an easy matter for him to
get insurance, and he asked Mr. Krug what he would bid on all the
buildings, according to the specifications. Mr. Krug said that he would
be willing to bid $76,600 on all the buildings as shown in the
specifications. President Francis asked Mr. Krug what he would wreck the
buildings for on a percentage basis, or if he would take the work on a
contract at a figure to be agreed upon, and they to own and dispose of
all the material themselves. Mr. Krug studied awhile and said that he
would be willing to do the work for President Francis, but it would take
him some time to figure on the proposition so as to submit an
intelligent figure. President Francis said that if they decided to wreck
the buildings themselves on a contract that he would let him know when
his bid would be wanted. At this time President Francis requested Mr.
Krug to submit in writing his bid for $76,600 and have it in by 10
o'clock the next morning. We then left the room, and they requested us
to remain in the anteroom. We were there until about 6 o'clock. During
that time they called in other bidders. About 6 o'clock Mr. Taylor's
secretary came into the room and announced that the salvage committee
had adjourned until the next day at 2 p. m. We then left the grounds and
went to the Lindell Hotel. When we reached the hotel that night we made
up a revised bid. The next day we went to Mr. Taylor's office about 10
a. m. and gave to Mr. Taylor's clerk the bid in writing for $76,600, and
he said he would bring it to the attention of the committee when they
met. We waited there from 10 a. m. until 2 p. m. In the meantime Mr.
Krug sent in his card to Mr