You are on page 1of 1405

AC@;6E@7C6663@@<

5($/,=$d2

@TQ/[aZ`[R9[Z`Q/^U_`[
-XQdMZP^Q0aYM_
&KDSWHU
0DUVHLOOHV7KH$UULYDO
2QWKHWKRI)HEUXDU\WKHORRNRXWDW1RWUH'DPHGH
OD*DUGHVLJQDOOHGWKHWKUHHPDVWHUWKH3KDUDRQIURP
6P\UQD7ULHVWHDQG1DSOHV
$VXVXDODSLORWSXWRIILPPHGLDWHO\DQGURXQGLQJWKH
&KDWHDXG
,IJRWRQERDUGWKHYHVVHOEHWZHHQ&DSH0RUJLRQ
DQG5LRQLVODQG
,PPHGLDWHO\DQGDFFRUGLQJWRFXVWRPWKHUDPSDUWVRI)RUW
6DLQW-HDQZHUHFRYHUHGZLWKVSHFWDWRUVLWLVDOZD\VDQ
HYHQWDW0DUVHLOOHVIRUDVKLSWRFRPHLQWRSRUWHVSHFLDOO\
ZKHQWKLVVKLSOLNHWKH3KDUDRQKDVEHHQEXLOWULJJHG
DQGODGHQDWWKHROG3KRFHHGRFNVDQGEHORQJVWRDQRZQHU
RIWKHFLW\
7KHVKLSGUHZRQDQGKDGVDIHO\SDVVHGWKHVWUDLWZKLFK
VRPHYROFDQLFVKRFNKDVPDGHEHWZHHQWKH&DODVDUHLJQHDQG
-DURVLVODQGVKDGGRXEOHG3RPHJXHDQGDSSURDFKHGWKH
1

KDUERUXQGHUWRSVDLOVMLEDQGVSDQNHUEXWVRVORZO\DQG
VHGDWHO\WKDWWKHLGOHUVZLWKWKDWLQVWLQFWZKLFKLVWKH
IRUHUXQQHURIHYLODVNHGRQHDQRWKHUZKDWPLVIRUWXQHFRXOG
KDYHKDSSHQHGRQERDUG+RZHYHUWKRVHH[SHULHQFHGLQ
QDYLJDWLRQVDZSODLQO\WKDWLIDQ\DFFLGHQWKDGRFFXUUHGLW
ZDVQRWWRWKHYHVVHOKHUVHOIIRUVKHERUHGRZQZLWKDOO
WKHHYLGHQFHRIEHLQJVNLOIXOO\KDQGOHGWKHDQFKRU
DFRFNELOOWKHMLEERRPJX\VDOUHDG\HDVHGRIIDQG
VWDQGLQJE\WKHVLGHRIWKHSLORWZKRZDVVWHHULQJWKH
3KDUDRQWRZDUGVWKHQDUURZHQWUDQFHRIWKHLQQHUSRUWZDVD
\RXQJPDQZKRZLWKDFWLYLW\DQGYLJLODQWH\HZDWFKHG
HYHU\PRWLRQRIWKHVKLSDQGUHSHDWHGHDFKGLUHFWLRQRIWKH
SLORW
7KHYDJXHGLVTXLHWXGHZKLFKSUHYDLOHGDPRQJWKHVSHFWDWRUV
KDGVRPXFKDIIHFWHGRQHRIWKHFURZGWKDWKHGLGQRWDZDLW
WKHDUULYDORIWKHYHVVHOLQKDUERUEXWMXPSLQJLQWRD
VPDOOVNLIIGHVLUHGWREHSXOOHGDORQJVLGHWKH3KDUDRQ
ZKLFKKHUHDFKHGDVVKHURXQGHGLQWR/D5HVHUYHEDVLQ
:KHQWKH\RXQJPDQRQERDUGVDZWKLVSHUVRQDSSURDFKKH
OHIWKLVVWDWLRQE\WKHSLORWDQGKDWLQKDQGOHDQHGRYHU
WKHVKLS
VEXOZDUNV
+HZDVDILQHWDOOVOLP\RXQJIHOORZRIHLJKWHHQRU
WZHQW\ZLWKEODFNH\HVDQGKDLUDVGDUNDVDUDYHQ
VZLQJ
DQGKLVZKROHDSSHDUDQFHEHVSRNHWKDWFDOPQHVVDQG
UHVROXWLRQSHFXOLDUWRPHQDFFXVWRPHGIURPWKHLUFUDGOHWR
FRQWHQGZLWKGDQJHU
$KLVLW\RX'DQWHV"FULHGWKHPDQLQWKHVNLII:KDW
V
WKHPDWWHU"DQGZK\KDYH\RXVXFKDQDLURIVDGQHVVDERDUG"
$JUHDWPLVIRUWXQH00RUUHOUHSOLHGWKH\RXQJPDQ
DJUHDWPLVIRUWXQHIRUPHHVSHFLDOO\2II&LYLWD9HFFKLD
ZHORVWRXUEUDYH&DSWDLQ/HFOHUH
$QGWKHFDUJR"LQTXLUHGWKHRZQHUHDJHUO\
,VDOOVDIH00RUUHODQG,WKLQN\RXZLOOEHVDWLVILHG
RQWKDWKHDG%XWSRRU&DSWDLQ/HFOHUH
:KDWKDSSHQHGWRKLP"DVNHGWKHRZQHUZLWKDQDLURI
FRQVLGHUDEOHUHVLJQDWLRQ:KDWKDSSHQHGWRWKHZRUWK\

FDSWDLQ"
+HGLHG
)HOOLQWRWKHVHD"
1RVLUKHGLHGRIEUDLQIHYHULQGUHDGIXODJRQ\7KHQ
WXUQLQJWRWKHFUHZKHVDLG%HDUDKDQGWKHUHWRWDNHLQ
VDLO
$OOKDQGVREH\HGDQGDWRQFHWKHHLJKWRUWHQVHDPHQZKR
FRPSRVHGWKHFUHZVSUDQJWRWKHLUUHVSHFWLYHVWDWLRQVDW
WKHVSDQNHUEUDLOVDQGRXWKDXOWRSVDLOVKHHWVDQGKDO\DUGV
WKHMLEGRZQKDXODQGWKHWRSVDLOFOHZOLQHVDQGEXQWOLQHV
7KH\RXQJVDLORUJDYHDORRNWRVHHWKDWKLVRUGHUVZHUH
SURPSWO\DQGDFFXUDWHO\REH\HGDQGWKHQWXUQHGDJDLQWRWKH
RZQHU
$QGKRZGLGWKLVPLVIRUWXQHRFFXU"LQTXLUHGWKHODWWHU
UHVXPLQJWKHLQWHUUXSWHGFRQYHUVDWLRQ
$ODVVLULQWKHPRVWXQH[SHFWHGPDQQHU$IWHUDORQJWDON
ZLWKWKHKDUERUPDVWHU&DSWDLQ/HFOHUHOHIW1DSOHVJUHDWO\
GLVWXUEHGLQPLQG,QWZHQW\IRXUKRXUVKHZDVDWWDFNHGE\D
IHYHUDQGGLHGWKUHHGD\VDIWHUZDUGV:HSHUIRUPHGWKH
XVXDOEXULDOVHUYLFHDQGKHLVDWKLVUHVWVHZQXSLQKLV
KDPPRFNZLWKDWKLUW\VL[SRXQGVKRWDWKLVKHDGDQGKLV
KHHOVRII(O*LJOLRLVODQG:HEULQJWRKLVZLGRZKLVVZRUG
DQGFURVVRIKRQRU,WZDVZRUWKZKLOHWUXO\DGGHGWKH
\RXQJPDQZLWKDPHODQFKRO\VPLOHWRPDNHZDUDJDLQVWWKH
(QJOLVKIRUWHQ\HDUVDQGWRGLHLQKLVEHGDWODVWOLNH
HYHU\ERG\HOVH
:K\\RXVHH(GPRQGUHSOLHGWKHRZQHUZKRDSSHDUHGPRUH
FRPIRUWHGDWHYHU\PRPHQWZHDUHDOOPRUWDODQGWKHROG
PXVWPDNHZD\IRUWKH\RXQJ,IQRWZK\WKHUHZRXOGEHQR
SURPRWLRQDQGVLQFH\RXDVVXUHPHWKDWWKHFDUJR
,VDOOVDIHDQGVRXQG00RUUHOWDNHP\ZRUGIRULWDQG
,DGYLVH\RXQRWWRWDNHIUDQFVIRUWKHSURILWVRI
WKHYR\DJH
7KHQDVWKH\ZHUHMXVWSDVVLQJWKH5RXQG7RZHUWKH\RXQJ
PDQVKRXWHG6WDQGE\WKHUHWRORZHUWKHWRSVDLOVDQGMLE

EUDLOXSWKHVSDQNHU
7KHRUGHUZDVH[HFXWHGDVSURPSWO\DVLWZRXOGKDYHEHHQRQ
ERDUGDPDQRIZDU
/HWJRDQGFOXHXS$WWKLVODVWFRPPDQGDOOWKHVDLOV
ZHUHORZHUHGDQGWKHYHVVHOPRYHGDOPRVWLPSHUFHSWLEO\
RQZDUGV
1RZLI\RXZLOOFRPHRQERDUG00RUUHOVDLG'DQWHV
REVHUYLQJWKHRZQHU
VLPSDWLHQFHKHUHLV\RXUVXSHUFDUJR
0'DQJODUVFRPLQJRXWRIKLVFDELQZKRZLOOIXUQLVK\RX
ZLWKHYHU\SDUWLFXODU$VIRUPH,PXVWORRNDIWHUWKH
DQFKRULQJDQGGUHVVWKHVKLSLQPRXUQLQJ
7KHRZQHUGLGQRWZDLWIRUDVHFRQGLQYLWDWLRQ+HVHL]HGD
URSHZKLFK'DQWHVIOXQJWRKLPDQGZLWKDQDFWLYLW\WKDW
ZRXOGKDYHGRQHFUHGLWWRDVDLORUFOLPEHGXSWKHVLGHRI
WKHVKLSZKLOHWKH\RXQJPDQJRLQJWRKLVWDVNOHIWWKH
FRQYHUVDWLRQWR'DQJODUVZKRQRZFDPHWRZDUGVWKHRZQHU+H
ZDVDPDQRIWZHQW\ILYHRUWZHQW\VL[\HDUVRIDJHRI
XQSUHSRVVHVVLQJFRXQWHQDQFHREVHTXLRXVWRKLVVXSHULRUV
LQVROHQWWRKLVVXERUGLQDWHVDQGWKLVLQDGGLWLRQWRKLV
SRVLWLRQDVUHVSRQVLEOHDJHQWRQERDUGZKLFKLVDOZD\V
REQR[LRXVWRWKHVDLORUVPDGHKLPDVPXFKGLVOLNHGE\WKH
FUHZDV(GPRQG'DQWHVZDVEHORYHGE\WKHP
:HOO00RUUHOVDLG'DQJODUV\RXKDYHKHDUGRIWKH
PLVIRUWXQHWKDWKDVEHIDOOHQXV"
<HV\HVSRRU&DSWDLQ/HFOHUH+HZDVDEUDYHDQGDQ
KRQHVWPDQ
$QGDILUVWUDWHVHDPDQRQHZKRKDGVHHQORQJDQG
KRQRUDEOHVHUYLFHDVEHFDPHDPDQFKDUJHGZLWKWKH
LQWHUHVWVRIDKRXVHVRLPSRUWDQWDVWKDWRI0RUUHO 6RQ
UHSOLHG'DQJODUV
%XWUHSOLHGWKHRZQHUJODQFLQJDIWHU'DQWHVZKRZDV
ZDWFKLQJWKHDQFKRULQJRIKLVYHVVHOLWVHHPVWRPHWKDWD
VDLORUQHHGVQRWEHVRROGDV\RXVD\'DQJODUVWR
XQGHUVWDQGKLVEXVLQHVVIRURXUIULHQG(GPRQGVHHPVWR
XQGHUVWDQGLWWKRURXJKO\DQGQRWWRUHTXLUHLQVWUXFWLRQ
IURPDQ\RQH

<HVVDLG'DQJODUVGDUWLQJDW(GPRQGDORRNJOHDPLQJZLWK
KDWH<HVKHLV\RXQJDQG\RXWKLVLQYDULDEO\
VHOIFRQILGHQW6FDUFHO\ZDVWKHFDSWDLQ
VEUHDWKRXWRIKLV
ERG\ZKHQKHDVVXPHGWKHFRPPDQGZLWKRXWFRQVXOWLQJDQ\RQH
DQGKHFDXVHGXVWRORVHDGD\DQGDKDOIDWWKH,VODQGRI
(OEDLQVWHDGRIPDNLQJIRU0DUVHLOOHVGLUHFW
$VWRWDNLQJFRPPDQGRIWKHYHVVHOUHSOLHG0RUUHOWKDW
ZDVKLVGXW\DVFDSWDLQ
VPDWHDVWRORVLQJDGD\DQGD
KDOIRIIWKH,VODQGRI(OEDKHZDVZURQJXQOHVVWKHYHVVHO
QHHGHGUHSDLUV
7KHYHVVHOZDVLQDVJRRGFRQGLWLRQDV,DPDQGDV,KRSH
\RXDUH00RUUHODQGWKLVGD\DQGDKDOIZDVORVWIURP
SXUHZKLPIRUWKHSOHDVXUHRIJRLQJDVKRUHDQGQRWKLQJ
HOVH
'DQWHVVDLGWKHVKLSRZQHUWXUQLQJWRZDUGVWKH\RXQJPDQ
FRPHWKLVZD\
,QDPRPHQWVLUDQVZHUHG'DQWHVDQG,
PZLWK\RX
7KHQFDOOLQJWRWKHFUHZKHVDLG/HWJR
7KHDQFKRUZDVLQVWDQWO\GURSSHGDQGWKHFKDLQUDQUDWWOLQJ
WKURXJKWKHSRUWKROH'DQWHVFRQWLQXHGDWKLVSRVWLQVSLWH
RIWKHSUHVHQFHRIWKHSLORWXQWLOWKLVPDQRHXYUHZDV
FRPSOHWHGDQGWKHQKHDGGHG+DOIPDVWWKHFRORUVDQG
VTXDUHWKH\DUGV
<RXVHHVDLG'DQJODUVKHIDQFLHVKLPVHOIFDSWDLQ
DOUHDG\XSRQP\ZRUG
$QGVRLQIDFWKHLVVDLGWKHRZQHU
([FHSW\RXUVLJQDWXUHDQG\RXUSDUWQHU
V00RUUHO
$QGZK\VKRXOGKHQRWKDYHWKLV"DVNHGWKHRZQHUKHLV
\RXQJLWLVWUXHEXWKHVHHPVWRPHDWKRURXJKVHDPDQDQG
RIIXOOH[SHULHQFH
$FORXGSDVVHGRYHU'DQJODUV
EURZ<RXUSDUGRQ0
0RUUHOVDLG'DQWHVDSSURDFKLQJWKHYHVVHOQRZULGHVDW
DQFKRUDQG,DPDW\RXUVHUYLFH<RXKDLOHGPH,WKLQN"

'DQJODUVUHWUHDWHGDVWHSRUWZR,ZLVKHGWRLQTXLUHZK\
\RXVWRSSHGDWWKH,VODQGRI(OED"
,GRQRWNQRZVLULWZDVWRIXOILOWKHODVWLQVWUXFWLRQV
RI&DSWDLQ/HFOHUHZKRZKHQG\LQJJDYHPHDSDFNHWIRU
0DUVKDO%HUWUDQG
7KHQGLG\RXVHHKLP(GPRQG"
:KR"
7KHPDUVKDO
<HV
0RUUHOORRNHGDURXQGKLPDQGWKHQGUDZLQJ'DQWHVRQRQH
VLGHKHVDLGVXGGHQO\$QGKRZLVWKHHPSHURU"
9HU\ZHOODVIDUDV,FRXOGMXGJHIURPWKHVLJKWRIKLP
<RXVDZWKHHPSHURUWKHQ"
+HHQWHUHGWKHPDUVKDO
VDSDUWPHQWZKLOH,ZDVWKHUH
$QG\RXVSRNHWRKLP"
:K\LWZDVKHZKRVSRNHWRPHVLUVDLG'DQWHVZLWKD
VPLOH
$QGZKDWGLGKHVD\WR\RX"
$VNHGPHTXHVWLRQVDERXWWKHYHVVHOWKHWLPHVKHOHIW
0DUVHLOOHVWKHFRXUVHVKHKDGWDNHQDQGZKDWZDVKHU
FDUJR,EHOLHYHLIVKHKDGQRWEHHQODGHQDQG,KDGEHHQ
KHUPDVWHUKHZRXOGKDYHERXJKWKHU%XW,WROGKLP,ZDV
RQO\PDWHDQGWKDWVKHEHORQJHGWRWKHILUPRI0RUUHO
6RQC$K\HV
KHVDLGC,NQRZWKHP7KH0RUUHOVKDYHEHHQ
VKLSRZQHUVIURPIDWKHUWRVRQDQGWKHUHZDVD0RUUHOZKR
VHUYHGLQWKHVDPHUHJLPHQWZLWKPHZKHQ,ZDVLQJDUULVRQ
DW9DOHQFH

3DUGLHXDQGWKDWLVWUXHFULHGWKHRZQHUJUHDWO\
GHOLJKWHG$QGWKDWZDV3ROLFDU0RUUHOP\XQFOHZKRZDV

DIWHUZDUGVDFDSWDLQ'DQWHV\RXPXVWWHOOP\XQFOHWKDW
WKHHPSHURUUHPHPEHUHGKLPDQG\RXZLOOVHHLWZLOOEULQJ
WHDUVLQWRWKHROGVROGLHU
VH\HV&RPHFRPHFRQWLQXHG
KHSDWWLQJ(GPRQG
VVKRXOGHUNLQGO\\RXGLGYHU\ULJKW
'DQWHVWRIROORZ&DSWDLQ/HFOHUH
VLQVWUXFWLRQVDQGWRXFK
DW(OEDDOWKRXJKLILWZHUHNQRZQWKDW\RXKDGFRQYH\HGD
SDFNHWWRWKHPDUVKDODQGKDGFRQYHUVHGZLWKWKHHPSHURU
LWPLJKWEULQJ\RXLQWRWURXEOH
+RZFRXOGWKDWEULQJPHLQWRWURXEOHVLU"DVNHG'DQWHV
IRU,GLGQRWHYHQNQRZRIZKDW,ZDVWKHEHDUHUDQGWKH
HPSHURUPHUHO\PDGHVXFKLQTXLULHVDVKHZRXOGRIWKHILUVW
FRPHU%XWSDUGRQPHKHUHDUHWKHKHDOWKRIILFHUVDQGWKH
FXVWRPVLQVSHFWRUVFRPLQJDORQJVLGH$QGWKH\RXQJPDQZHQW
WRWKHJDQJZD\$VKHGHSDUWHG'DQJODUVDSSURDFKHGDQG
VDLG
:HOOLWDSSHDUVWKDWKHKDVJLYHQ\RXVDWLVIDFWRU\UHDVRQV
IRUKLVODQGLQJDW3RUWR)HUUDMR"
<HVPRVWVDWLVIDFWRU\P\GHDU'DQJODUV
:HOOVRPXFKWKHEHWWHUVDLGWKHVXSHUFDUJRIRULWLV
QRWSOHDVDQWWRWKLQNWKDWDFRPUDGHKDVQRWGRQHKLVGXW\
'DQWHVKDVGRQHKLVUHSOLHGWKHRZQHUDQGWKDWLVQRW
VD\LQJPXFK,WZDV&DSWDLQ/HFOHUHZKRJDYHRUGHUVIRUWKLV
GHOD\
7DONLQJRI&DSWDLQ/HFOHUHKDVQRW'DQWHVJLYHQ\RXD
OHWWHUIURPKLP"
7RPH"QRZDVWKHUHRQH"
,EHOLHYHWKDWEHVLGHVWKHSDFNHW&DSWDLQ/HFOHUH
FRQILGHGDOHWWHUWRKLVFDUH
2IZKDWSDFNHWDUH\RXVSHDNLQJ'DQJODUV"
:K\WKDWZKLFK'DQWHVOHIWDW3RUWR)HUUDMR
+RZGR\RXNQRZKHKDGDSDFNHWWROHDYHDW3RUWR)HUUDMR"
'DQJODUVWXUQHGYHU\UHG

,ZDVSDVVLQJFORVHWRWKHGRRURIWKHFDSWDLQ
VFDELQ
ZKLFKZDVKDOIRSHQDQG,VDZKLPJLYHWKHSDFNHWDQG
OHWWHUWR'DQWHV
+HGLGQRWVSHDNWRPHRILWUHSOLHGWKHVKLSRZQHUEXW
LIWKHUHEHDQ\OHWWHUKHZLOOJLYHLWWRPH
'DQJODUVUHIOHFWHGIRUDPRPHQW7KHQ00RUUHO,EHJRI
\RXVDLGKHQRWWRVD\DZRUGWR'DQWHVRQWKHVXEMHFW
,PD\KDYHEHHQPLVWDNHQ
$WWKLVPRPHQWWKH\RXQJPDQUHWXUQHG'DQJODUVZLWKGUHZ
:HOOP\GHDU'DQWHVDUH\RXQRZIUHH"LQTXLUHGWKH
RZQHU
<HVVLU
<RXKDYHQRWEHHQORQJGHWDLQHG
1R,JDYHWKHFXVWRPKRXVHRIILFHUVDFRS\RIRXUELOORI
ODGLQJDQGDVWRWKHRWKHUSDSHUVWKH\VHQWDPDQRIIZLWK
WKHSLORWWRZKRP,JDYHWKHP
7KHQ\RXKDYHQRWKLQJPRUHWRGRKHUH"
1RHYHU\WKLQJLVDOOULJKWQRZ
7KHQ\RXFDQFRPHDQGGLQHZLWKPH"
,UHDOO\PXVWDVN\RXWRH[FXVHPH00RUUHO0\ILUVW
YLVLWLVGXHWRP\IDWKHUWKRXJK,DPQRWWKHOHVVJUDWHIXO
IRUWKHKRQRU\RXKDYHGRQHPH
5LJKW'DQWHVTXLWHULJKW,DOZD\VNQHZ\RXZHUHDJRRG
VRQ
$QGLQTXLUHG'DQWHVZLWKVRPHKHVLWDWLRQGR\RXNQRZ
KRZP\IDWKHULV"
:HOO,EHOLHYHP\GHDU(GPRQGWKRXJK,KDYHQRWVHHQKLP
ODWHO\

<HVKHOLNHVWRNHHSKLPVHOIVKXWXSLQKLVOLWWOHURRP
7KDWSURYHVDWOHDVWWKDWKHKDVZDQWHGIRUQRWKLQJ
GXULQJ\RXUDEVHQFH
'DQWHVVPLOHG0\IDWKHULVSURXGVLUDQGLIKHKDGQRWD
PHDOOHIW,GRXEWLIKHZRXOGKDYHDVNHGDQ\WKLQJIURP
DQ\RQHH[FHSWIURP+HDYHQ
:HOOWKHQDIWHUWKLVILUVWYLVLWKDVEHHQPDGHZHVKDOO
FRXQWRQ\RX
,PXVWDJDLQH[FXVHP\VHOI00RUUHOIRUDIWHUWKLVILUVW
YLVLWKDVEHHQSDLG,KDYHDQRWKHUZKLFK,DPPRVWDQ[LRXV
WRSD\
7UXH'DQWHV,IRUJRWWKDWWKHUHZDVDWWKH&DWDODQVVRPH
RQHZKRH[SHFWV\RXQROHVVLPSDWLHQWO\WKDQ\RXUIDWKHU
WKHORYHO\0HUFHGHV
'DQWHVEOXVKHG
$KKDVDLGWKHVKLSRZQHU,DPQRWLQWKHOHDVW
VXUSULVHGIRUVKHKDVEHHQWRPHWKUHHWLPHVLQTXLULQJLI
WKHUHZHUHDQ\QHZVRIWKH3KDUDRQ3HVWH(GPRQG\RXKDYH
DYHU\KDQGVRPHPLVWUHVV
6KHLVQRWP\PLVWUHVVUHSOLHGWKH\RXQJVDLORUJUDYHO\
VKHLVP\EHWURWKHG
6RPHWLPHVRQHDQGWKHVDPHWKLQJVDLG0RUUHOZLWKD
VPLOH
1RWZLWKXVVLUUHSOLHG'DQWHV
:HOOZHOOP\GHDU(GPRQGFRQWLQXHGWKHRZQHUGRQ
W
OHWPHGHWDLQ\RX<RXKDYHPDQDJHGP\DIIDLUVVRZHOOWKDW
,RXJKWWRDOORZ\RXDOOWKHWLPH\RXUHTXLUHIRU\RXURZQ
'R\RXZDQWDQ\PRQH\"
1RVLU,KDYHDOOP\SD\WRWDNHQHDUO\WKUHHPRQWKV

ZDJHV
<RXDUHDFDUHIXOIHOORZ(GPRQG

6D\,KDYHDSRRUIDWKHUVLU
<HV\HV,NQRZKRZJRRGDVRQ\RXDUHVRQRZKDVWHQDZD\
WRVHH\RXUIDWKHU,KDYHDVRQWRRDQG,VKRXOGEHYHU\
ZURWKZLWKWKRVHZKRGHWDLQHGKLPIURPPHDIWHUDWKUHH
PRQWKV
YR\DJH
7KHQ,KDYH\RXUOHDYHVLU"
<HVLI\RXKDYHQRWKLQJPRUHWRVD\WRPH
1RWKLQJ
&DSWDLQ/HFOHUHGLGQRWEHIRUHKHGLHGJLYH\RXDOHWWHU
IRUPH"
+HZDVXQDEOHWRZULWHVLU%XWWKDWUHPLQGVPHWKDW,
PXVWDVN\RXUOHDYHRIDEVHQFHIRUVRPHGD\V
7RJHWPDUULHG"
<HVILUVWDQGWKHQWRJRWR3DULV
9HU\JRRGKDYHZKDWWLPH\RXUHTXLUH'DQWHV,WZLOOWDNH
TXLWHVL[ZHHNVWRXQORDGWKHFDUJRDQGZHFDQQRWJHW\RX
UHDG\IRUVHDXQWLOWKUHHPRQWKVDIWHUWKDWRQO\EHEDFN
DJDLQLQWKUHHPRQWKVIRUWKH3KDUDRQDGGHGWKHRZQHU
SDWWLQJWKH\RXQJVDLORURQWKHEDFNFDQQRWVDLOZLWKRXW
KHUFDSWDLQ
:LWKRXWKHUFDSWDLQFULHG'DQWHVKLVH\HVVSDUNOLQJZLWK
DQLPDWLRQSUD\PLQGZKDW\RXVD\IRU\RXDUHWRXFKLQJRQ
WKHPRVWVHFUHWZLVKHVRIP\KHDUW,VLWUHDOO\\RXU
LQWHQWLRQWRPDNHPHFDSWDLQRIWKH3KDUDRQ"
,I,ZHUHVROHRZQHUZH
GVKDNHKDQGVRQLWQRZP\GHDU
'DQWHVDQGFDOOLWVHWWOHGEXW,KDYHDSDUWQHUDQG\RX
NQRZWKH,WDOLDQSURYHUE&KLKDFRPSDJQRKDSDGURQH
C+HZKRKDVDSDUWQHUKDVDPDVWHU
%XWWKHWKLQJLVDW
OHDVWKDOIGRQHDV\RXKDYHRQHRXWRIWZRYRWHV5HO\RQ
PHWRSURFXUH\RXWKHRWKHU,ZLOOGRP\EHVW
$K00RUUHOH[FODLPHGWKH\RXQJVHDPDQZLWKWHDUVLQ

10

KLVH\HVDQGJUDVSLQJWKHRZQHU
VKDQG00RUUHO,WKDQN
\RXLQWKHQDPHRIP\IDWKHUDQGRI0HUFHGHV
7KDW
VDOOULJKW(GPRQG7KHUH
VDSURYLGHQFHWKDWZDWFKHV
RYHUWKHGHVHUYLQJ*RWR\RXUIDWKHUJRDQGVHH0HUFHGHV
DQGDIWHUZDUGVFRPHWRPH
6KDOO,URZ\RXDVKRUH"
1RWKDQN\RX,VKDOOUHPDLQDQGORRNRYHUWKHDFFRXQWV
ZLWK'DQJODUV+DYH\RXEHHQVDWLVILHGZLWKKLPWKLV
YR\DJH"
7KDWLVDFFRUGLQJWRWKHVHQVH\RXDWWDFKWRWKHTXHVWLRQ
VLU'R\RXPHDQLVKHDJRRGFRPUDGH"1RIRU,WKLQNKH
QHYHUOLNHGPHVLQFHWKHGD\ZKHQ,ZDVVLOO\HQRXJKDIWHU
DOLWWOHTXDUUHOZHKDGWRSURSRVHWRKLPWRVWRSIRUWHQ
PLQXWHVDWWKHLVODQGRI0RQWH&ULVWRWRVHWWOHWKHGLVSXWH
DSURSRVLWLRQZKLFK,ZDVZURQJWRVXJJHVWDQGKHTXLWH
ULJKWWRUHIXVH,I\RXPHDQDVUHVSRQVLEOHDJHQWZKHQ\RX
DVNPHWKHTXHVWLRQ,EHOLHYHWKHUHLVQRWKLQJWRVD\
DJDLQVWKLPDQGWKDW\RXZLOOEHFRQWHQWZLWKWKHZD\LQ
ZKLFKKHKDVSHUIRUPHGKLVGXW\
%XWWHOOPH'DQWHVLI\RXKDGFRPPDQGRIWKH3KDUDRQ
VKRXOG\RXEHJODGWRVHH'DQJODUVUHPDLQ"
&DSWDLQRUPDWH00RUUHO,VKDOODOZD\VKDYHWKH
JUHDWHVWUHVSHFWIRUWKRVHZKRSRVVHVVWKHRZQHUV

FRQILGHQFH
7KDW
VULJKWWKDW
VULJKW'DQWHV,VHH\RXDUHD
WKRURXJKO\JRRGIHOORZDQGZLOOGHWDLQ\RXQRORQJHU*R
IRU,VHHKRZLPSDWLHQW\RXDUH
7KHQ,KDYHOHDYH"
*R,WHOO\RX
0D\,KDYHWKHXVHRI\RXUVNLII"
&HUWDLQO\
7KHQIRUWKHSUHVHQW00RUUHOIDUHZHOODQGDWKRXVDQG

11

WKDQNV
,KRSHVRRQWRVHH\RXDJDLQP\GHDU(GPRQG*RRGOXFNWR
\RX
7KH\RXQJVDLORUMXPSHGLQWRWKHVNLIIDQGVDWGRZQLQWKH
VWHUQVKHHWVZLWKWKHRUGHUWKDWKHEHSXWDVKRUHDW/D
&DQHELHUH7KHWZRRDUVPHQEHQWWRWKHLUZRUNDQGWKH
OLWWOHERDWJOLGHGDZD\DVUDSLGO\DVSRVVLEOHLQWKHPLGVW
RIWKHWKRXVDQGYHVVHOVZKLFKFKRNHXSWKHQDUURZZD\ZKLFK
OHDGVEHWZHHQWKHWZRURZVRIVKLSVIURPWKHPRXWKRIWKH
KDUERUWRWKH4XDLG
2UOHDQV
7KHVKLSRZQHUVPLOLQJIROORZHGKLPZLWKKLVH\HVXQWLOKH
VDZKLPVSULQJRXWRQWKHTXD\DQGGLVDSSHDULQWKHPLGVWRI
WKHWKURQJZKLFKIURPILYHR
FORFNLQWKHPRUQLQJXQWLO
QLQHR
FORFNDWQLJKWVZDUPVLQWKHIDPRXVVWUHHWRI/D
&DQHELHUHDVWUHHWRIZKLFKWKHPRGHUQ3KRFDHDQVDUHVR
SURXGWKDWWKH\VD\ZLWKDOOWKHJUDYLW\LQWKHZRUOGDQG
ZLWKWKDWDFFHQWZKLFKJLYHVVRPXFKFKDUDFWHUWRZKDWLV
VDLG,I3DULVKDG/D&DQHELHUH3DULVZRXOGEHDVHFRQG
0DUVHLOOHV2QWXUQLQJURXQGWKHRZQHUVDZ'DQJODUVEHKLQG
KLPDSSDUHQWO\DZDLWLQJRUGHUVEXWLQUHDOLW\DOVR
ZDWFKLQJWKH\RXQJVDLORUEXWWKHUHZDVDJUHDW
GLIIHUHQFHLQWKHH[SUHVVLRQRIWKHWZRPHQZKRWKXV
IROORZHGWKHPRYHPHQWVRI(GPRQG'DQWHV

&KDSWHU
)DWKHUDQG6RQ
:HZLOOOHDYH'DQJODUVVWUXJJOLQJZLWKWKHGHPRQRIKDWUHG
DQGHQGHDYRULQJWRLQVLQXDWHLQWKHHDURIWKHVKLSRZQHU
VRPHHYLOVXVSLFLRQVDJDLQVWKLVFRPUDGHDQGIROORZ'DQWHV
ZKRDIWHUKDYLQJWUDYHUVHG/D&DQHELHUHWRRNWKH5XHGH
1RDLOOHVDQGHQWHULQJDVPDOOKRXVHRQWKHOHIWRIWKH
$OOHHVGH0HLOODQUDSLGO\DVFHQGHGIRXUIOLJKWVRIDGDUN
VWDLUFDVHKROGLQJWKHEDOXVWHUZLWKRQHKDQGZKLOHZLWK
WKHRWKHUKHUHSUHVVHGWKHEHDWLQJVRIKLVKHDUWDQGSDXVHG
EHIRUHDKDOIRSHQGRRUIURPZKLFKKHFRXOGVHHWKHZKROH
RIDVPDOOURRP
7KLVURRPZDVRFFXSLHGE\'DQWHV
IDWKHU7KHQHZVRIWKH

12

DUULYDORIWKH3KDUDRQKDGQRW\HWUHDFKHGWKHROGPDQZKR
PRXQWHGRQDFKDLUZDVDPXVLQJKLPVHOIE\WUDLQLQJZLWK
WUHPEOLQJKDQGWKHQDVWXUWLXPVDQGVSUD\VRIFOHPDWLVWKDW
FODPEHUHGRYHUWKHWUHOOLVDWKLVZLQGRZ6XGGHQO\KHIHOW
DQDUPWKURZQDURXQGKLVERG\DQGDZHOONQRZQYRLFHEHKLQG
KLPH[FODLPHG)DWKHUGHDUIDWKHU
7KHROGPDQXWWHUHGDFU\DQGWXUQHGURXQGWKHQVHHLQJ
KLVVRQKHIHOOLQWRKLVDUPVSDOHDQGWUHPEOLQJ
:KDWDLOV\RXP\GHDUHVWIDWKHU"$UH\RXLOO"LQTXLUHG
WKH\RXQJPDQPXFKDODUPHG
1RQRP\GHDU(GPRQGP\ER\P\VRQQREXW,
GLGQRWH[SHFW\RXDQGMR\WKHVXUSULVHRIVHHLQJ\RXVR
VXGGHQO\$K,IHHODVLI,ZHUHJRLQJWRGLH
&RPHFRPHFKHHUXSP\GHDUIDWKHU
7LV,UHDOO\,
7KH\VD\MR\QHYHUKXUWVDQGVR,FDPHWR\RXZLWKRXWDQ\
ZDUQLQJ&RPHQRZGRVPLOHLQVWHDGRIORRNLQJDWPHVR
VROHPQO\+HUH,DPEDFNDJDLQDQGZHDUHJRLQJWREH
KDSS\
<HV\HVP\ER\VRZHZLOOVRZHZLOOUHSOLHGWKH
ROGPDQEXWKRZVKDOOZHEHKDSS\"6KDOO\RXQHYHUOHDYH
PHDJDLQ"&RPHWHOOPHDOOWKHJRRGIRUWXQHWKDWKDV
EHIDOOHQ\RX
*RGIRUJLYHPHVDLGWKH\RXQJPDQIRUUHMRLFLQJDW
KDSSLQHVVGHULYHGIURPWKHPLVHU\RIRWKHUVEXW+HDYHQ
NQRZV,GLGQRWVHHNWKLVJRRGIRUWXQHLWKDVKDSSHQHG
DQG,UHDOO\FDQQRWSUHWHQGWRODPHQWLW7KHJRRG&DSWDLQ
/HFOHUHLVGHDGIDWKHUDQGLWLVSUREDEOHWKDWZLWKWKH
DLGRI00RUUHO,VKDOOKDYHKLVSODFH'R\RXXQGHUVWDQG
IDWKHU"2QO\LPDJLQHPHDFDSWDLQDWWZHQW\ZLWKDKXQGUHG
ORXLVSD\DQGDVKDUHLQWKHSURILWV,VWKLVQRWPRUHWKDQ
DSRRUVDLORUOLNHPHFRXOGKDYHKRSHGIRU"
<HVP\GHDUER\UHSOLHGWKHROGPDQLWLVYHU\
IRUWXQDWH
:HOOWKHQZLWKWKHILUVWPRQH\,WRXFK,PHDQ\RXWR
KDYHDVPDOOKRXVHZLWKDJDUGHQLQZKLFKWRSODQW
FOHPDWLVQDVWXUWLXPVDQGKRQH\VXFNOH%XWZKDWDLOV\RX

13

IDWKHU"$UH\RXQRWZHOO"

7LVQRWKLQJQRWKLQJLWZLOOVRRQSDVVDZD\DQGDVKH
VDLGVRWKHROGPDQ
VVWUHQJWKIDLOHGKLPDQGKHIHOO
EDFNZDUGV
&RPHFRPHVDLGWKH\RXQJPDQDJODVVRIZLQHIDWKHU
ZLOOUHYLYH\RX:KHUHGR\RXNHHS\RXUZLQH"
1RQRWKDQNV<RXQHHGQRWORRNIRULW,GRQRWZDQW
LWVDLGWKHROGPDQ
<HV\HVIDWKHUWHOOPHZKHUHLWLVDQGKHRSHQHGWZR
RUWKUHHFXSERDUGV
,WLVQRXVHVDLGWKHROGPDQWKHUHLVQRZLQH
:KDWQRZLQH"VDLG'DQWHVWXUQLQJSDOHDQGORRNLQJ
DOWHUQDWHO\DWWKHKROORZFKHHNVRIWKHROGPDQDQGWKH
HPSW\FXSERDUGV:KDWQRZLQH"+DYH\RXZDQWHGPRQH\
IDWKHU"
,ZDQWQRWKLQJQRZWKDW,KDYH\RXVDLGWKHROGPDQ
<HWVWDPPHUHG'DQWHVZLSLQJWKHSHUVSLUDWLRQIURPKLV
EURZ\HW,JDYH\RXWZRKXQGUHGIUDQFVZKHQ,OHIW
WKUHHPRQWKVDJR
<HV\HV(GPRQGWKDWLVWUXHEXW\RXIRUJRWDWWKDWWLPH
DOLWWOHGHEWWRRXUQHLJKERU&DGHURXVVH+HUHPLQGHGPHRI
LWWHOOLQJPHLI,GLGQRWSD\IRU\RXKHZRXOGEHSDLGE\
00RUUHODQGVR\RXVHHOHVWKHPLJKWGR\RXDQLQMXU\

:HOO"
:K\,SDLGKLP
%XWFULHG'DQWHVLWZDVDKXQGUHGDQGIRUW\IUDQFV,
RZHG&DGHURXVVH
<HVVWDPPHUHGWKHROGPDQ
$QG\RXSDLGKLPRXWRIWKHWZRKXQGUHGIUDQFV,OHIW\RX"

14

7KHROGPDQQRGGHG
6RWKDW\RXKDYHOLYHGIRUWKUHHPRQWKVRQVL[W\IUDQFV
PXWWHUHG(GPRQG
<RXNQRZKRZOLWWOH,UHTXLUHVDLGWKHROGPDQ
+HDYHQSDUGRQPHFULHG(GPRQGIDOOLQJRQKLVNQHHV
EHIRUHKLVIDWKHU
:KDWDUH\RXGRLQJ"
<RXKDYHZRXQGHGPHWRWKHKHDUW
1HYHUPLQGLWIRU,VHH\RXRQFHPRUHVDLGWKHROGPDQ
DQGQRZLW
VDOORYHUHYHU\WKLQJLVDOOULJKWDJDLQ
<HVKHUH,DPVDLGWKH\RXQJPDQZLWKDSURPLVLQJ
IXWXUHDQGDOLWWOHPRQH\+HUHIDWKHUKHUHKHVDLG
WDNHWKLVWDNHLWDQGVHQGIRUVRPHWKLQJLPPHGLDWHO\
$QGKHHPSWLHGKLVSRFNHWVRQWKHWDEOHWKHFRQWHQWV
FRQVLVWLQJRIDGR]HQJROGSLHFHVILYHRUVL[ILYHIUDQF
SLHFHVDQGVRPHVPDOOHUFRLQ7KHFRXQWHQDQFHRIROG'DQWHV
EULJKWHQHG
:KRPGRHVWKLVEHORQJWR"KHLQTXLUHG
7RPHWR\RXWRXV7DNHLWEX\VRPHSURYLVLRQVEH
KDSS\DQGWRPRUURZZHVKDOOKDYHPRUH
*HQWO\JHQWO\VDLGWKHROGPDQZLWKDVPLOHDQGE\
\RXUOHDYH,ZLOOXVH\RXUSXUVHPRGHUDWHO\IRUWKH\ZRXOG
VD\LIWKH\VDZPHEX\WRRPDQ\WKLQJVDWDWLPHWKDW,
KDGEHHQREOLJHGWRDZDLW\RXUUHWXUQLQRUGHUWREHDEOH
WRSXUFKDVHWKHP
'RDV\RXSOHDVHEXWILUVWRIDOOSUD\KDYHDVHUYDQW
IDWKHU,ZLOOQRWKDYH\RXOHIWDORQHVRORQJ,KDYHVRPH
VPXJJOHGFRIIHHDQGPRVWFDSLWDOWREDFFRLQDVPDOOFKHVW
LQWKHKROGZKLFK\RXVKDOOKDYHWRPRUURZ%XWKXVKKHUH
FRPHVVRPHERG\

7LV&DGHURXVVHZKRKDVKHDUGRI\RXUDUULYDODQGQR

15

GRXEWFRPHVWRFRQJUDWXODWH\RXRQ\RXUIRUWXQDWHUHWXUQ
$KOLSVWKDWVD\RQHWKLQJZKLOHWKHKHDUWWKLQNV
DQRWKHUPXUPXUHG(GPRQG%XWQHYHUPLQGKHLVD
QHLJKERUZKRKDVGRQHXVDVHUYLFHRQDWLPHVRKH
V
ZHOFRPH
$V(GPRQGSDXVHGWKHEODFNDQGEHDUGHGKHDGRI&DGHURXVVH
DSSHDUHGDWWKHGRRU+HZDVDPDQRIWZHQW\ILYHRUVL[
DQGKHOGDSLHFHRIFORWKZKLFKEHLQJDWDLORUKHZDV
DERXWWRPDNHLQWRDFRDWOLQLQJ
:KDWLVLW\RX(GPRQGEDFNDJDLQ"VDLGKHZLWKDEURDG
0DUVHLOODLVHDFFHQWDQGDJULQWKDWGLVSOD\HGKLV
LYRU\ZKLWHWHHWK
<HVDV\RXVHHQHLJKERU&DGHURXVVHDQGUHDG\WREH
DJUHHDEOHWR\RXLQDQ\DQGHYHU\ZD\UHSOLHG'DQWHVEXW
LOOFRQFHDOLQJKLVFROGQHVVXQGHUWKLVFORDNRIFLYLOLW\
7KDQNVWKDQNVEXWIRUWXQDWHO\,GRQRWZDQWIRU
DQ\WKLQJDQGLWFKDQFHVWKDWDWWLPHVWKHUHDUHRWKHUVZKR
KDYHQHHGRIPH'DQWHVPDGHDJHVWXUH,GRQRWDOOXGHWR
\RXP\ER\1RQR,OHQW\RXPRQH\DQG\RXUHWXUQHG
LWWKDW
VOLNHJRRGQHLJKERUVDQGZHDUHTXLWV
:HDUHQHYHUTXLWVZLWKWKRVHZKRREOLJHXVZDV'DQWHV

UHSO\IRUZKHQZHGRQRWRZHWKHPPRQH\ZHRZHWKHP
JUDWLWXGH
:KDW
VWKHXVHRIPHQWLRQLQJWKDW":KDWLVGRQHLVGRQH
/HWXVWDONRI\RXUKDSS\UHWXUQP\ER\,KDGJRQHRQWKH
TXD\WRPDWFKDSLHFHRIPXOEHUU\FORWKZKHQ,PHWIULHQG
'DQJODUVC<RXDW0DUVHLOOHV"
C<HV
VD\VKH
C,WKRXJKW\RXZHUHDW6P\UQD
C,ZDVEXWDPQRZEDFN
DJDLQ

C$QGZKHUHLVWKHGHDUER\RXUOLWWOH(GPRQG"

C:K\ZLWKKLVIDWKHUQRGRXEW
UHSOLHG'DQJODUV$QGVR
,FDPHDGGHG&DGHURXVVHDVIDVWDV,FRXOGWRKDYHWKH
SOHDVXUHRIVKDNLQJKDQGVZLWKDIULHQG

16

:RUWK\&DGHURXVVHVDLGWKHROGPDQKHLVVRPXFK
DWWDFKHGWRXV
<HVWREHVXUH,DP,ORYHDQGHVWHHP\RXEHFDXVHKRQHVW
IRONVDUHVRUDUH%XWLWVHHPV\RXKDYHFRPHEDFNULFKP\
ER\FRQWLQXHGWKHWDLORUORRNLQJDVNDQFHDWWKHKDQGIXO
RIJROGDQGVLOYHUZKLFK'DQWHVKDGWKURZQRQWKHWDEOH
7KH\RXQJPDQUHPDUNHGWKHJUHHG\JODQFHZKLFKVKRQHLQWKH
GDUNH\HVRIKLVQHLJKERU(KKHVDLGQHJOLJHQWO\WKLV
PRQH\LVQRWPLQH,ZDVH[SUHVVLQJWRP\IDWKHUP\IHDUV
WKDWKHKDGZDQWHGPDQ\WKLQJVLQP\DEVHQFHDQGWR
FRQYLQFHPHKHHPSWLHGKLVSXUVHRQWKHWDEOH&RPHIDWKHU
DGGHG'DQWHVSXWWKLVPRQH\EDFNLQ\RXUER[XQOHVV
QHLJKERU&DGHURXVVHZDQWVDQ\WKLQJDQGLQWKDWFDVHLWLV
DWKLVVHUYLFH
1RP\ER\QRVDLG&DGHURXVVH,DPQRWLQDQ\ZDQW
WKDQN*RGP\OLYLQJLVVXLWHGWRP\PHDQV.HHS\RXUPRQH\
NHHSLW,VD\RQHQHYHUKDVWRRPXFKEXWDWWKH
VDPHWLPHP\ER\,DPDVPXFKREOLJHGE\\RXURIIHUDVLI
,WRRNDGYDQWDJHRILW
,WZDVRIIHUHGZLWKJRRGZLOOVDLG'DQWHV
1RGRXEWP\ER\QRGRXEW:HOO\RXVWDQGZHOOZLWK0
0RUUHO,KHDU\RXLQVLQXDWLQJGRJ\RX
00RUUHOKDVDOZD\VEHHQH[FHHGLQJO\NLQGWRPHUHSOLHG
'DQWHV
7KHQ\RXZHUHZURQJWRUHIXVHWRGLQHZLWKKLP
:KDWGLG\RXUHIXVHWRGLQHZLWKKLP"VDLGROG'DQWHV
DQGGLGKHLQYLWH\RXWRGLQH"
<HVP\GHDUIDWKHUUHSOLHG(GPRQGVPLOLQJDWKLV
IDWKHU
VDVWRQLVKPHQWDWWKHH[FHVVLYHKRQRUSDLGWRKLV
VRQ
$QGZK\GLG\RXUHIXVHP\VRQ"LQTXLUHGWKHROGPDQ
7KDW,PLJKWWKHVRRQHUVHH\RXDJDLQP\GHDUIDWKHU
UHSOLHGWKH\RXQJPDQ,ZDVPRVWDQ[LRXVWRVHH\RX

17

%XWLWPXVWKDYHYH[HG00RUUHOJRRGZRUWK\PDQVDLG
&DGHURXVVH$QGZKHQ\RXDUHORRNLQJIRUZDUGWREHFDSWDLQ
LWZDVZURQJWRDQQR\WKHRZQHU
%XW,H[SODLQHGWRKLPWKHFDXVHRIP\UHIXVDOUHSOLHG
'DQWHVDQG,KRSHKHIXOO\XQGHUVWRRGLW
<HVEXWWREHFDSWDLQRQHPXVWGRDOLWWOHIODWWHU\WR
RQH
VSDWURQV
,KRSHWREHFDSWDLQZLWKRXWWKDWVDLG'DQWHV
6RPXFKWKHEHWWHUVRPXFKWKHEHWWHU1RWKLQJZLOOJLYH
JUHDWHUSOHDVXUHWRDOO\RXUROGIULHQGVDQG,NQRZRQH
GRZQWKHUHEHKLQGWKH6DLQW1LFRODVFLWDGHOZKRZLOOQRWEH
VRUU\WRKHDULW
0HUFHGHV"VDLGWKHROGPDQ
<HVP\GHDUIDWKHUDQGZLWK\RXUSHUPLVVLRQQRZ,KDYH
VHHQ\RXDQGNQRZ\RXDUHZHOODQGKDYHDOO\RXUHTXLUH,
ZLOODVN\RXUFRQVHQWWRJRDQGSD\DYLVLWWRWKH
&DWDODQV
*RP\GHDUER\VDLGROG'DQWHVDQGKHDYHQEOHVV\RXLQ
\RXUZLIHDVLWKDVEOHVVHGPHLQP\VRQ
+LVZLIHVDLG&DGHURXVVHZK\KRZIDVW\RXJRRQ
IDWKHU'DQWHVVKHLVQRWKLVZLIH\HWDVLWVHHPVWRPH
6REXWDFFRUGLQJWRDOOSUREDELOLW\VKHVRRQZLOOEH
UHSOLHG(GPRQG
<HV\HVVDLG&DGHURXVVHEXW\RXZHUHULJKWWRUHWXUQ
DVVRRQDVSRVVLEOHP\ER\
$QGZK\"
%HFDXVH0HUFHGHVLVDYHU\ILQHJLUODQGILQHJLUOVQHYHU
ODFNIROORZHUVVKHSDUWLFXODUO\KDVWKHPE\GR]HQV
5HDOO\"DQVZHUHG(GPRQGZLWKDVPLOHZKLFKKDGLQLW
WUDFHVRIVOLJKWXQHDVLQHVV

18

$K\HVFRQWLQXHG&DGHURXVVHDQGFDSLWDORIIHUVWRR
EXW\RXNQRZ\RXZLOOEHFDSWDLQDQGZKRFRXOGUHIXVH\RX
WKHQ"
0HDQLQJWRVD\UHSOLHG'DQWHVZLWKDVPLOHZKLFKEXW
LOOFRQFHDOHGKLVWURXEOHWKDWLI,ZHUHQRWDFDSWDLQ
(KHKVDLG&DGHURXVVHVKDNLQJKLVKHDG
&RPHFRPHVDLGWKHVDLORU,KDYHDEHWWHURSLQLRQWKDQ
\RXRIZRPHQLQJHQHUDODQGRI0HUFHGHVLQSDUWLFXODUDQG
,DPFHUWDLQWKDWFDSWDLQRUQRWVKHZLOOUHPDLQHYHU
IDLWKIXOWRPH
6RPXFKWKHEHWWHUVRPXFKWKHEHWWHUVDLG&DGHURXVVH
:KHQRQHLVJRLQJWREHPDUULHGWKHUHLVQRWKLQJOLNH
LPSOLFLWFRQILGHQFHEXWQHYHUPLQGWKDWP\ER\JRDQG
DQQRXQFH\RXUDUULYDODQGOHWKHUNQRZDOO\RXUKRSHVDQG
SURVSHFWV
,ZLOOJRGLUHFWO\ZDV(GPRQG
VUHSO\DQGHPEUDFLQJKLV
IDWKHUDQGQRGGLQJWR&DGHURXVVHKHOHIWWKHDSDUWPHQW
&DGHURXVVHOLQJHUHGIRUDPRPHQWWKHQWDNLQJOHDYHRIROG
'DQWHVKHZHQWGRZQVWDLUVWRUHMRLQ'DQJODUVZKRDZDLWHG
KLPDWWKHFRUQHURIWKH5XH6HQDF
:HOOVDLG'DQJODUVGLG\RXVHHKLP"
,KDYHMXVWOHIWKLPDQVZHUHG&DGHURXVVH
'LGKHDOOXGHWRKLVKRSHRIEHLQJFDSWDLQ"
+HVSRNHRILWDVDWKLQJDOUHDG\GHFLGHG
,QGHHGVDLG'DQJODUVKHLVLQWRRPXFKKXUU\LW
DSSHDUVWRPH
:K\LWVHHPV00RUUHOKDVSURPLVHGKLPWKHWKLQJ
6RWKDWKHLVTXLWHHODWHGDERXWLW"
:K\\HVKHLVDFWXDOO\LQVROHQWRYHUWKHPDWWHUKDV

19

DOUHDG\RIIHUHGPHKLVSDWURQDJHDVLIKHZHUHDJUDQG
SHUVRQDJHDQGSURIIHUHGPHDORDQRIPRQH\DVWKRXJKKH
ZHUHDEDQNHU
:KLFK\RXUHIXVHG"
0RVWDVVXUHGO\DOWKRXJK,PLJKWHDVLO\KDYHDFFHSWHGLW
IRULWZDV,ZKRSXWLQWRKLVKDQGVWKHILUVWVLOYHUKHHYHU
HDUQHGEXWQRZ0'DQWHVKDVQRORQJHUDQ\RFFDVLRQIRU
DVVLVWDQFHKHLVDERXWWREHFRPHDFDSWDLQ
3RRKVDLG'DQJODUVKHLVQRWRQH\HW
0DIRLLWZLOOEHDVZHOOLIKHLVQRWDQVZHUHG
&DGHURXVVHIRULIKHVKRXOGEHWKHUHZLOOEHUHDOO\QR
VSHDNLQJWRKLP
,IZHFKRRVHUHSOLHG'DQJODUVKHZLOOUHPDLQZKDWKH
LVDQGSHUKDSVEHFRPHHYHQOHVVWKDQKHLV
:KDWGR\RXPHDQ"
1RWKLQJ,ZDVVSHDNLQJWRP\VHOI$QGLVKHVWLOOLQ
ORYHZLWKWKH&DWDODQH"
2YHUKHDGDQGHDUVEXWXQOHVV,DPPXFKPLVWDNHQWKHUH
ZLOOEHDVWRUPLQWKDWTXDUWHU
([SODLQ\RXUVHOI
:K\VKRXOG,"
,WLVPRUHLPSRUWDQWWKDQ\RXWKLQNSHUKDSV<RXGRQRW
OLNH'DQWHV"
,QHYHUOLNHXSVWDUWV
7KHQWHOOPHDOO\RXNQRZDERXWWKH&DWDODQH
,NQRZQRWKLQJIRUFHUWDLQRQO\,KDYHVHHQWKLQJVZKLFK
LQGXFHPHWREHOLHYHDV,WROG\RXWKDWWKHIXWXUHFDSWDLQ
ZLOOILQGVRPHDQQR\DQFHLQWKHYLFLQLW\RIWKH9LHLOOHV
,QILUPHULHV

20

:KDWKDYH\RXVHHQ"FRPHWHOOPH
:HOOHYHU\WLPH,KDYHVHHQ0HUFHGHVFRPHLQWRWKHFLW\
VKHKDVEHHQDFFRPSDQLHGE\DWDOOVWUDSSLQJEODFNH\HG
&DWDODQZLWKDUHGFRPSOH[LRQEURZQVNLQDQGILHUFHDLU
ZKRPVKHFDOOVFRXVLQ
5HDOO\DQG\RXWKLQNWKLVFRXVLQSD\VKHUDWWHQWLRQV"
,RQO\VXSSRVHVR:KDWHOVHFDQDVWUDSSLQJFKDSRI
WZHQW\RQHPHDQZLWKDILQHZHQFKRIVHYHQWHHQ"
$QG\RXVD\WKDW'DQWHVKDVJRQHWRWKH&DWDODQV"
+HZHQWEHIRUH,FDPHGRZQ
/HWXVJRWKHVDPHZD\ZHZLOOVWRSDW/D5HVHUYHDQGZH
FDQGULQNDJODVVRI/D0DOJXHZKLOVWZHZDLWIRUQHZV
&RPHDORQJVDLG&DGHURXVVHEXW\RXSD\WKHVFRUH
2IFRXUVHUHSOLHG'DQJODUVDQGJRLQJTXLFNO\WRWKH
GHVLJQDWHGSODFHWKH\FDOOHGIRUDERWWOHRIZLQHDQGWZR
JODVVHV
3HUH3DPSKLOHKDGVHHQ'DQWHVSDVVQRWWHQPLQXWHVEHIRUH
DQGDVVXUHGWKDWKHZDVDWWKH&DWDODQVWKH\VDWGRZQXQGHU
WKHEXGGLQJIROLDJHRIWKHSODQHVDQGV\FDPRUHVLQWKH
EUDQFKHVRIZKLFKWKHELUGVZHUHVLQJLQJWKHLUZHOFRPHWR
RQHRIWKHILUVWGD\VRIVSULQJ

&KDSWHU
7KH&DWDODQV
%H\RQGDEDUHZHDWKHUZRUQZDOODERXWDKXQGUHGSDFHVIURP
WKHVSRWZKHUHWKHWZRIULHQGVVDWORRNLQJDQGOLVWHQLQJDV
WKH\GUDQNWKHLUZLQHZDVWKHYLOODJHRIWKH&DWDODQV/RQJ
DJRWKLVP\VWHULRXVFRORQ\TXLWWHG6SDLQDQGVHWWOHGRQWKH
WRQJXHRIODQGRQZKLFKLWLVWRWKLVGD\:KHQFHLWFDPHQR
RQHNQHZDQGLWVSRNHDQXQNQRZQWRQJXH2QHRILWVFKLHIV
ZKRXQGHUVWRRG3URYHQFDOEHJJHGWKHFRPPXQHRI0DUVHLOOHV
WRJLYHWKHPWKLVEDUHDQGEDUUHQSURPRQWRU\ZKHUHOLNH

21

WKHVDLORUVRIROGWKH\KDGUXQWKHLUERDWVDVKRUH7KH
UHTXHVWZDVJUDQWHGDQGWKUHHPRQWKVDIWHUZDUGVDURXQGWKH
WZHOYHRUILIWHHQVPDOOYHVVHOVZKLFKKDGEURXJKWWKHVH
J\SVLHVRIWKHVHDDVPDOOYLOODJHVSUDQJXS7KLVYLOODJH
FRQVWUXFWHGLQDVLQJXODUDQGSLFWXUHVTXHPDQQHUKDOI
0RRULVKKDOI6SDQLVKVWLOOUHPDLQVDQGLVLQKDELWHGE\
GHVFHQGDQWVRIWKHILUVWFRPHUVZKRVSHDNWKHODQJXDJHRI
WKHLUIDWKHUV)RUWKUHHRUIRXUFHQWXULHVWKH\KDYH
UHPDLQHGXSRQWKLVVPDOOSURPRQWRU\RQZKLFKWKH\KDG
VHWWOHGOLNHDIOLJKWRIVHDELUGVZLWKRXWPL[LQJZLWKWKH
0DUVHLOODLVHSRSXODWLRQLQWHUPDUU\LQJDQGSUHVHUYLQJWKHLU
RULJLQDOFXVWRPVDQGWKHFRVWXPHRIWKHLUPRWKHUFRXQWU\DV
WKH\KDYHSUHVHUYHGLWVODQJXDJH
2XUUHDGHUVZLOOIROORZXVDORQJWKHRQO\VWUHHWRIWKLV
OLWWOHYLOODJHDQGHQWHUZLWKXVRQHRIWKHKRXVHVZKLFK
LVVXQEXUQHGWRWKHEHDXWLIXOGHDGOHDIFRORUSHFXOLDUWR
WKHEXLOGLQJVRIWKHFRXQWU\DQGZLWKLQFRDWHGZLWK
ZKLWHZDVKOLNHD6SDQLVKSRVDGD$\RXQJDQGEHDXWLIXO
JLUOZLWKKDLUDVEODFNDVMHWKHUH\HVDVYHOYHW\DVWKH
JD]HOOH
VZDVOHDQLQJZLWKKHUEDFNDJDLQVWWKHZDLQVFRW
UXEELQJLQKHUVOHQGHUGHOLFDWHO\PRXOGHGILQJHUVDEXQFKRI
KHDWKEORVVRPVWKHIORZHUVRIZKLFKVKHZDVSLFNLQJRIIDQG
VWUHZLQJRQWKHIORRUKHUDUPVEDUHWRWKHHOERZEURZQ
DQGPRGHOOHGDIWHUWKRVHRIWKH$UOHVLDQ9HQXVPRYHGZLWKD
NLQGRIUHVWOHVVLPSDWLHQFHDQGVKHWDSSHGWKHHDUWKZLWK
KHUDUFKHGDQGVXSSOHIRRWVRDVWRGLVSOD\WKHSXUHDQG
IXOOVKDSHRIKHUZHOOWXUQHGOHJLQLWVUHGFRWWRQJUD\
DQGEOXHFORFNHGVWRFNLQJ$WWKUHHSDFHVIURPKHUVHDWHG
LQDFKDLUZKLFKKHEDODQFHGRQWZROHJVOHDQLQJKLVHOERZ
RQDQROGZRUPHDWHQWDEOHZDVDWDOO\RXQJPDQRIWZHQW\
RUWZRDQGWZHQW\ZKRZDVORRNLQJDWKHUZLWKDQDLULQ
ZKLFKYH[DWLRQDQGXQHDVLQHVVZHUHPLQJOHG+HTXHVWLRQHG
KHUZLWKKLVH\HVEXWWKHILUPDQGVWHDG\JD]HRIWKH\RXQJ
JLUOFRQWUROOHGKLVORRN
<RXVHH0HUFHGHVVDLGWKH\RXQJPDQKHUHLV(DVWHU
FRPHURXQGDJDLQWHOOPHLVWKLVWKHPRPHQWIRUD
ZHGGLQJ"
,KDYHDQVZHUHG\RXDKXQGUHGWLPHV)HUQDQGDQGUHDOO\
\RXPXVWEHYHU\VWXSLGWRDVNPHDJDLQ
:HOOUHSHDWLWUHSHDWLW,EHJRI\RXWKDW,PD\DW

22

ODVWEHOLHYHLW7HOOPHIRUWKHKXQGUHGWKWLPHWKDW\RX
UHIXVHP\ORYHZKLFKKDG\RXUPRWKHU
VVDQFWLRQ0DNHPH
XQGHUVWDQGRQFHIRUDOOWKDW\RXDUHWULIOLQJZLWKP\
KDSSLQHVVWKDWP\OLIHRUGHDWKDUHQRWKLQJWR\RX$KWR
KDYHGUHDPHGIRUWHQ\HDUVRIEHLQJ\RXUKXVEDQG0HUFHGHV
DQGWRORVHWKDWKRSHZKLFKZDVWKHRQO\VWD\RIP\
H[LVWHQFH
$WOHDVWLWZDVQRW,ZKRHYHUHQFRXUDJHG\RXLQWKDWKRSH
)HUQDQGUHSOLHG0HUFHGHV\RXFDQQRWUHSURDFKPHZLWKWKH
VOLJKWHVWFRTXHWU\,KDYHDOZD\VVDLGWR\RXC,ORYH\RX
DVDEURWKHUEXWGRQRWDVNIURPPHPRUHWKDQVLVWHUO\
DIIHFWLRQIRUP\KHDUWLVDQRWKHU
V
,VQRWWKLVWUXH
)HUQDQG"
<HVWKDWLVYHU\WUXH0HUFHGHVUHSOLHGWKH\RXQJPDQ
<HV\RXKDYHEHHQFUXHOO\IUDQNZLWKPHEXWGR\RXIRUJHW
WKDWLWLVDPRQJWKH&DWDODQVDVDFUHGODZWRLQWHUPDUU\"
<RXPLVWDNH)HUQDQGLWLVQRWDODZEXWPHUHO\DFXVWRP
DQG,SUD\RI\RXGRQRWFLWHWKLVFXVWRPLQ\RXUIDYRU
<RXDUHLQFOXGHGLQWKHFRQVFULSWLRQ)HUQDQGDQGDUHRQO\
DWOLEHUW\RQVXIIHUDQFHOLDEOHDWDQ\PRPHQWWREHFDOOHG
XSRQWRWDNHXSDUPV2QFHDVROGLHUZKDWZRXOG\RXGRZLWK
PHDSRRURUSKDQIRUORUQZLWKRXWIRUWXQHZLWKQRWKLQJ
EXWDKDOIUXLQHGKXWDQGDIHZUDJJHGQHWVWKHPLVHUDEOH
LQKHULWDQFHOHIWE\P\IDWKHUWRP\PRWKHUDQGE\P\PRWKHU
WRPH"6KHKDVEHHQGHDGD\HDUDQG\RXNQRZ)HUQDQG,
KDYHVXEVLVWHGDOPRVWHQWLUHO\RQSXEOLFFKDULW\6RPHWLPHV
\RXSUHWHQG,DPXVHIXOWR\RXDQGWKDWLVDQH[FXVHWR
VKDUHZLWKPHWKHSURGXFHRI\RXUILVKLQJDQG,DFFHSWLW
)HUQDQGEHFDXVH\RXDUHWKHVRQRIP\IDWKHU
VEURWKHU
EHFDXVHZHZHUHEURXJKWXSWRJHWKHUDQGVWLOOPRUHEHFDXVH
LWZRXOGJLYH\RXVRPXFKSDLQLI,UHIXVH%XW,IHHOYHU\
GHHSO\WKDWWKLVILVKZKLFK,JRDQGVHOODQGZLWKWKH
SURGXFHRIZKLFK,EX\WKHIOD[,VSLQ,IHHOYHU\
NHHQO\)HUQDQGWKDWWKLVLVFKDULW\
$QGLILWZHUH0HUFHGHVSRRUDQGORQHDV\RXDUH\RX
VXLWPHDVZHOODVWKHGDXJKWHURIWKHILUVWVKLSRZQHURU
WKHULFKHVWEDQNHURI0DUVHLOOHV:KDWGRVXFKDVZHGHVLUH
EXWDJRRGZLIHDQGFDUHIXOKRXVHNHHSHUDQGZKHUHFDQ,
ORRNIRUWKHVHEHWWHUWKDQLQ\RX"

23

)HUQDQGDQVZHUHG0HUFHGHVVKDNLQJKHUKHDGDZRPDQ
EHFRPHVDEDGPDQDJHUDQGZKRVKDOOVD\VKHZLOOUHPDLQDQ
KRQHVWZRPDQZKHQVKHORYHVDQRWKHUPDQEHWWHUWKDQKHU
KXVEDQG"5HVWFRQWHQWZLWKP\IULHQGVKLSIRU,VD\RQFH
PRUHWKDWLVDOO,FDQSURPLVHDQG,ZLOOSURPLVHQRPRUH
WKDQ,FDQEHVWRZ
,XQGHUVWDQGUHSOLHG)HUQDQG\RXFDQHQGXUH\RXURZQ
ZUHWFKHGQHVVSDWLHQWO\EXW\RXDUHDIUDLGWRVKDUHPLQH
:HOO0HUFHGHVEHORYHGE\\RX,ZRXOGWHPSWIRUWXQH\RX
ZRXOGEULQJPHJRRGOXFNDQG,VKRXOGEHFRPHULFK,FRXOG
H[WHQGP\RFFXSDWLRQDVDILVKHUPDQPLJKWJHWDSODFHDV
FOHUNLQDZDUHKRXVHDQGEHFRPHLQWLPHDGHDOHUP\VHOI
<RXFRXOGGRQRVXFKWKLQJ)HUQDQG\RXDUHDVROGLHUDQG
LI\RXUHPDLQDWWKH&DWDODQVLWLVEHFDXVHWKHUHLVQRZDU
VRUHPDLQDILVKHUPDQDQGFRQWHQWHGZLWKP\IULHQGVKLSDV
,FDQQRWJLYH\RXPRUH
:HOO,ZLOOGREHWWHU0HUFHGHV,ZLOOEHDVDLORU
LQVWHDGRIWKHFRVWXPHRIRXUIDWKHUVZKLFK\RXGHVSLVH,
ZLOOZHDUDYDUQLVKHGKDWDVWULSHGVKLUWDQGDEOXH
MDFNHWZLWKDQDQFKRURQWKHEXWWRQV:RXOGQRWWKDWGUHVV
SOHDVH\RX"
:KDWGR\RXPHDQ"DVNHG0HUFHGHVZLWKDQDQJU\JODQFH
ZKDWGR\RXPHDQ",GRQRWXQGHUVWDQG\RX"
,PHDQ0HUFHGHVWKDW\RXDUHWKXVKDUVKDQGFUXHOZLWK
PHEHFDXVH\RXDUHH[SHFWLQJVRPHRQHZKRLVWKXVDWWLUHG
EXWSHUKDSVKHZKRP\RXDZDLWLVLQFRQVWDQWRULIKHLV
QRWWKHVHDLVVRWRKLP
)HUQDQGFULHG0HUFHGHV,EHOLHYHG\RXZHUH
JRRGKHDUWHGDQG,ZDVPLVWDNHQ)HUQDQG\RXDUHZLFNHGWR
FDOOWR\RXUDLGMHDORXV\DQGWKHDQJHURI*RG<HV,ZLOO
QRWGHQ\LW,GRDZDLWDQG,GRORYHKLPRIZKRP\RX
VSHDNDQGLIKHGRHVQRWUHWXUQLQVWHDGRIDFFXVLQJKLP
RIWKHLQFRQVWDQF\ZKLFK\RXLQVLQXDWH,ZLOOWHOO\RXWKDW
KHGLHGORYLQJPHDQGPHRQO\7KH\RXQJJLUOPDGHD
JHVWXUHRIUDJH,XQGHUVWDQG\RX)HUQDQG\RXZRXOGEH
UHYHQJHGRQKLPEHFDXVH,GRQRWORYH\RX\RXZRXOGFURVV
\RXU&DWDODQNQLIHZLWKKLVGLUN:KDWHQGZRXOGWKDW
DQVZHU"7RORVH\RXP\IULHQGVKLSLIKHZHUHFRQTXHUHGDQG

24

VHHWKDWIULHQGVKLSFKDQJHGLQWRKDWHLI\RXZHUHYLFWRU
%HOLHYHPHWRVHHNDTXDUUHOZLWKDPDQLVDEDGPHWKRGRI
SOHDVLQJWKHZRPDQZKRORYHVWKDWPDQ1R)HUQDQG\RXZLOO
QRWWKXVJLYHZD\WRHYLOWKRXJKWV8QDEOHWRKDYHPHIRU
\RXUZLIH\RXZLOOFRQWHQW\RXUVHOIZLWKKDYLQJPHIRU\RXU
IULHQGDQGVLVWHUDQGEHVLGHVVKHDGGHGKHUH\HV
WURXEOHGDQGPRLVWHQHGZLWKWHDUVZDLWZDLW)HUQDQG\RX
VDLGMXVWQRZWKDWWKHVHDZDVWUHDFKHURXVDQGKHKDVEHHQ
JRQHIRXUPRQWKVDQGGXULQJWKHVHIRXUPRQWKVWKHUHKDYH
EHHQVRPHWHUULEOHVWRUPV
)HUQDQGPDGHQRUHSO\QRUGLGKHDWWHPSWWRFKHFNWKHWHDUV
ZKLFKIORZHGGRZQWKHFKHHNVRI0HUFHGHVDOWKRXJKIRUHDFK
RIWKHVHWHDUVKHZRXOGKDYHVKHGKLVKHDUW
VEORRGEXW
WKHVHWHDUVIORZHGIRUDQRWKHU+HDURVHSDFHGDZKLOHXS
DQGGRZQWKHKXWDQGWKHQVXGGHQO\VWRSSLQJEHIRUH
0HUFHGHVZLWKKLVH\HVJORZLQJDQGKLVKDQGVFOLQFKHG
6D\0HUFHGHVKHVDLGRQFHIRUDOOLVWKLV\RXUILQDO
GHWHUPLQDWLRQ"
,ORYH(GPRQG'DQWHVWKH\RXQJJLUOFDOPO\UHSOLHGDQG
QRQHEXW(GPRQGVKDOOHYHUEHP\KXVEDQG
$QG\RXZLOODOZD\VORYHKLP"
$VORQJDV,OLYH
)HUQDQGOHWIDOOKLVKHDGOLNHDGHIHDWHGPDQKHDYHGDVLJK
WKDWZDVOLNHDJURDQDQGWKHQVXGGHQO\ORRNLQJKHUIXOOLQ
WKHIDFHZLWKFOLQFKHGWHHWKDQGH[SDQGHGQRVWULOVVDLG
%XWLIKHLVGHDG
,IKHLVGHDG,VKDOOGLHWRR
,IKHKDVIRUJRWWHQ\RX
0HUFHGHVFDOOHGDMR\RXVYRLFHIURPZLWKRXW
0HUFHGHV
$KH[FODLPHGWKH\RXQJJLUOEOXVKLQJZLWKGHOLJKWDQG
IDLUO\OHDSLQJLQH[FHVVRIORYH\RXVHHKHKDVQRW
IRUJRWWHQPHIRUKHUHKHLV$QGUXVKLQJWRZDUGVWKHGRRU
VKHRSHQHGLWVD\LQJ+HUH(GPRQGKHUH,DP

25

)HUQDQGSDOHDQGWUHPEOLQJGUHZEDFNOLNHDWUDYHOOHUDW
WKHVLJKWRIDVHUSHQWDQGIHOOLQWRDFKDLUEHVLGHKLP
(GPRQGDQG0HUFHGHVZHUHFODVSHGLQHDFKRWKHU
VDUPV7KH
EXUQLQJ0DUVHLOOHVVXQZKLFKVKRWLQWRWKHURRPWKURXJKWKH
RSHQGRRUFRYHUHGWKHPZLWKDIORRGRIOLJKW$WILUVWWKH\
VDZQRWKLQJDURXQGWKHP7KHLULQWHQVHKDSSLQHVVLVRODWHG
WKHPIURPDOOWKHUHVWRIWKHZRUOGDQGWKH\RQO\VSRNHLQ
EURNHQZRUGVZKLFKDUHWKHWRNHQVRIDMR\VRH[WUHPHWKDW
WKH\VHHPUDWKHUWKHH[SUHVVLRQRIVRUURZ6XGGHQO\(GPRQG
VDZWKHJORRP\SDOHDQGWKUHDWHQLQJFRXQWHQDQFHRI
)HUQDQGDVLWZDVGHILQHGLQWKHVKDGRZ%\DPRYHPHQWIRU
ZKLFKKHFRXOGVFDUFHO\DFFRXQWWRKLPVHOIWKH\RXQJ
&DWDODQSODFHGKLVKDQGRQWKHNQLIHDWKLVEHOW
$K\RXUSDUGRQVDLG'DQWHVIURZQLQJLQKLVWXUQ,GLG
QRWSHUFHLYHWKDWWKHUHZHUHWKUHHRIXV7KHQWXUQLQJWR
0HUFHGHVKHLQTXLUHG:KRLVWKLVJHQWOHPDQ"
2QHZKRZLOOEH\RXUEHVWIULHQG'DQWHVIRUKHLVP\
IULHQGP\FRXVLQP\EURWKHULWLV)HUQDQGWKHPDQ
ZKRPDIWHU\RX(GPRQG,ORYHWKHEHVWLQWKHZRUOG'R
\RXQRWUHPHPEHUKLP"
<HVVDLG'DQWHVDQGZLWKRXWUHOLQTXLVKLQJ0HUFHGHVKDQG
FODVSHGLQRQHRIKLVRZQKHH[WHQGHGWKHRWKHUWRWKH
&DWDODQZLWKDFRUGLDODLU%XW)HUQDQGLQVWHDGRI
UHVSRQGLQJWRWKLVDPLDEOHJHVWXUHUHPDLQHGPXWHDQG
WUHPEOLQJ(GPRQGWKHQFDVWKLVH\HVVFUXWLQL]LQJO\DWWKH
DJLWDWHGDQGHPEDUUDVVHG0HUFHGHVDQGWKHQDJDLQRQWKH
JORRP\DQGPHQDFLQJ)HUQDQG7KLVORRNWROGKLPDOODQGKLV
DQJHUZD[HGKRW
,GLGQRWNQRZZKHQ,FDPHZLWKVXFKKDVWHWR\RXWKDW,
ZDVWRPHHWDQHQHP\KHUH
$QHQHP\FULHG0HUFHGHVZLWKDQDQJU\ORRNDWKHU
FRXVLQ$QHQHP\LQP\KRXVHGR\RXVD\(GPRQG,I,
EHOLHYHGWKDW,ZRXOGSODFHP\DUPXQGHU\RXUVDQGJRZLWK
\RXWR0DUVHLOOHVOHDYLQJWKHKRXVHWRUHWXUQWRLWQR
PRUH
)HUQDQG
VH\HGDUWHGOLJKWQLQJ$QGVKRXOGDQ\PLVIRUWXQH
RFFXUWR\RXGHDU(GPRQGVKHFRQWLQXHGZLWKWKHVDPH
FDOPQHVVZKLFKSURYHGWR)HUQDQGWKDWWKH\RXQJJLUOKDG

26

UHDGWKHYHU\LQQHUPRVWGHSWKVRIKLVVLQLVWHUWKRXJKWLI
PLVIRUWXQHVKRXOGRFFXUWR\RX,ZRXOGDVFHQGWKHKLJKHVW
SRLQWRIWKH&DSHGH0RUJLRQDQGFDVWP\VHOIKHDGORQJIURP
LW
)HUQDQGEHFDPHGHDGO\SDOH%XW\RXDUHGHFHLYHG(GPRQG
VKHFRQWLQXHG<RXKDYHQRHQHP\KHUHWKHUHLVQRRQH
EXW)HUQDQGP\EURWKHUZKRZLOOJUDVS\RXUKDQGDVD
GHYRWHGIULHQG
$QGDWWKHVHZRUGVWKH\RXQJJLUOIL[HGKHULPSHULRXVORRN
RQWKH&DWDODQZKRDVLIIDVFLQDWHGE\LWFDPHVORZO\
WRZDUGV(GPRQGDQGRIIHUHGKLPKLVKDQG+LVKDWUHGOLNHD
SRZHUOHVVWKRXJKIXULRXVZDYHZDVEURNHQDJDLQVWWKHVWURQJ
DVFHQGDQF\ZKLFK0HUFHGHVH[HUFLVHGRYHUKLP6FDUFHO\
KRZHYHUKDGKHWRXFKHG(GPRQG
VKDQGWKDQKHIHOWKHKDG
GRQHDOOKHFRXOGGRDQGUXVKHGKDVWLO\RXWRIWKHKRXVH
2KKHH[FODLPHGUXQQLQJIXULRXVO\DQGWHDULQJKLVKDLU
2KZKRZLOOGHOLYHUPHIURPWKLVPDQ":UHWFKHG
ZUHWFKHGWKDW,DP
+DOOR&DWDODQ+DOOR)HUQDQGZKHUHDUH\RXUXQQLQJWR"
H[FODLPHGDYRLFH
7KH\RXQJPDQVWRSSHGVXGGHQO\ORRNHGDURXQGKLPDQG
SHUFHLYHG&DGHURXVVHVLWWLQJDWWDEOHZLWK'DQJODUVXQGHU
DQDUERU
:HOOVDLG&DGHURXVVHZK\GRQ
W\RXFRPH"$UH\RXUHDOO\
LQVXFKDKXUU\WKDW\RXKDYHQRWLPHWRSDVVWKHWLPHRI
GD\ZLWK\RXUIULHQGV"
3DUWLFXODUO\ZKHQWKH\KDYHVWLOODIXOOERWWOHEHIRUH
WKHPDGGHG'DQJODUV)HUQDQGORRNHGDWWKHPERWKZLWKD
VWXSHILHGDLUEXWGLGQRWVD\DZRUG
+HVHHPVEHVRWWHGVDLG'DQJODUVSXVKLQJ&DGHURXVVHZLWK
KLVNQHH$UHZHPLVWDNHQDQGLV'DQWHVWULXPSKDQWLQ
VSLWHRIDOOZHKDYHEHOLHYHG"
:K\ZHPXVWLQTXLUHLQWRWKDWZDV&DGHURXVVH
VUHSO\
DQGWXUQLQJWRZDUGVWKH\RXQJPDQVDLG:HOO&DWDODQ
FDQ
W\RXPDNHXS\RXUPLQG"

27

)HUQDQGZLSHGDZD\WKHSHUVSLUDWLRQVWHDPLQJIURPKLVEURZ
DQGVORZO\HQWHUHGWKHDUERUZKRVHVKDGHVHHPHGWRUHVWRUH
VRPHZKDWRIFDOPQHVVWRKLVVHQVHVDQGZKRVHFRROQHVV
VRPHZKDWRIUHIUHVKPHQWWRKLVH[KDXVWHGERG\
*RRGGD\VDLGKH<RXFDOOHGPHGLGQ
W\RX"$QGKH
IHOOUDWKHUWKDQVDWGRZQRQRQHRIWKHVHDWVZKLFK
VXUURXQGHGWKHWDEOH
,FDOOHG\RXEHFDXVH\RXZHUHUXQQLQJOLNHDPDGPDQDQG,
ZDVDIUDLG\RXZRXOGWKURZ\RXUVHOILQWRWKHVHDVDLG
&DGHURXVVHODXJKLQJ:K\ZKHQDPDQKDVIULHQGVWKH\DUH
QRWRQO\WRRIIHUKLPDJODVVRIZLQHEXWPRUHRYHUWR
SUHYHQWKLVVZDOORZLQJWKUHHRUIRXUSLQWVRIZDWHU
XQQHFHVVDULO\
)HUQDQGJDYHDJURDQZKLFKUHVHPEOHGDVREDQGGURSSHGKLV
KHDGLQWRKLVKDQGVKLVHOERZVOHDQLQJRQWKHWDEOH
:HOO)HUQDQG,PXVWVD\VDLG&DGHURXVVHEHJLQQLQJWKH
FRQYHUVDWLRQZLWKWKDWEUXWDOLW\RIWKHFRPPRQSHRSOHLQ
ZKLFKFXULRVLW\GHVWUR\VDOOGLSORPDF\\RXORRNXQFRPPRQO\
OLNHDUHMHFWHGORYHUDQGKHEXUVWLQWRDKRDUVHODXJK
%DKVDLG'DQJODUVDODGRIKLVPDNHZDVQRWERUQWREH
XQKDSS\LQORYH<RXDUHODXJKLQJDWKLP&DGHURXVVH
1RKHUHSOLHGRQO\KDUNKRZKHVLJKV&RPHFRPH
)HUQDQGVDLG&DGHURXVVHKROGXS\RXUKHDGDQGDQVZHU
XV,W
VQRWSROLWHQRWWRUHSO\WRIULHQGVZKRDVNQHZVRI
\RXUKHDOWK
0\KHDOWKLVZHOOHQRXJKVDLG)HUQDQGFOLQFKLQJKLV
KDQGVZLWKRXWUDLVLQJKLVKHDG
$K\RXVHH'DQJODUVVDLG&DGHURXVVHZLQNLQJDWKLV
IULHQGWKLVLVKRZLWLV)HUQDQGZKRP\RXVHHKHUHLVD
JRRGDQGEUDYH&DWDODQRQHRIWKHEHVWILVKHUPHQLQ
0DUVHLOOHVDQGKHLVLQORYHZLWKDYHU\ILQHJLUOQDPHG
0HUFHGHVEXWLWDSSHDUVXQIRUWXQDWHO\WKDWWKHILQHJLUO
LVLQORYHZLWKWKHPDWHRIWKH3KDUDRQDQGDVWKH3KDUDRQ
DUULYHGWRGD\ZK\\RXXQGHUVWDQG

28

1R,GRQRWXQGHUVWDQGVDLG'DQJODUV
3RRU)HUQDQGKDVEHHQGLVPLVVHGFRQWLQXHG&DGHURXVVH
:HOODQGZKDWWKHQ"VDLG)HUQDQGOLIWLQJXSKLVKHDG
DQGORRNLQJDW&DGHURXVVHOLNHDPDQZKRORRNVIRUVRPHRQH
RQZKRPWRYHQWKLVDQJHU0HUFHGHVLVQRWDFFRXQWDEOHWR
DQ\SHUVRQLVVKH",VVKHQRWIUHHWRORYHZKRPVRHYHUVKH
ZLOO"
2KLI\RXWDNHLWLQWKDWVHQVHVDLG&DGHURXVVHLWLV
DQRWKHUWKLQJ%XW,WKRXJKW\RXZHUHD&DWDODQDQGWKH\
WROGPHWKH&DWDODQVZHUHQRWPHQWRDOORZWKHPVHOYHVWREH
VXSSODQWHGE\DULYDO,WZDVHYHQWROGPHWKDW)HUQDQG
HVSHFLDOO\ZDVWHUULEOHLQKLVYHQJHDQFH
)HUQDQGVPLOHGSLWHRXVO\$ORYHULVQHYHUWHUULEOHKH
VDLG
3RRUIHOORZUHPDUNHG'DQJODUVDIIHFWLQJWRSLW\WKH
\RXQJPDQIURPWKHERWWRPRIKLVKHDUW:K\\RXVHHKH
GLGQRWH[SHFWWRVHH'DQWHVUHWXUQVRVXGGHQO\KH
WKRXJKWKHZDVGHDGSHUKDSVRUSHUFKDQFHIDLWKOHVV7KHVH
WKLQJVDOZD\VFRPHRQXVPRUHVHYHUHO\ZKHQWKH\FRPH
VXGGHQO\
$KPDIRLXQGHUDQ\FLUFXPVWDQFHVVDLG&DGHURXVVHZKR
GUDQNDVKHVSRNHDQGRQZKRPWKHIXPHVRIWKHZLQHEHJDQ
WRWDNHHIIHFWXQGHUDQ\FLUFXPVWDQFHV)HUQDQGLVQRW
WKHRQO\SHUVRQSXWRXWE\WKHIRUWXQDWHDUULYDORI'DQWHV
LVKH'DQJODUV"
1R\RXDUHULJKWDQG,VKRXOGVD\WKDWZRXOGEULQJKLP
LOOOXFN
:HOOQHYHUPLQGDQVZHUHG&DGHURXVVHSRXULQJRXWDJODVV
RIZLQHIRU)HUQDQGDQGILOOLQJKLVRZQIRUWKHHLJKWKRU
QLQWKWLPHZKLOH'DQJODUVKDGPHUHO\VLSSHGKLV1HYHU
PLQGLQWKHPHDQWLPHKHPDUULHV0HUFHGHVWKHORYHO\
0HUFHGHVDWOHDVWKHUHWXUQVWRGRWKDW
'XULQJWKLVWLPH'DQJODUVIL[HGKLVSLHUFLQJJODQFHRQWKH
\RXQJPDQRQZKRVHKHDUW&DGHURXVVH
VZRUGVIHOOOLNH
PROWHQOHDG

29

$QGZKHQLVWKHZHGGLQJWREH"KHDVNHG
2KLWLVQRW\HWIL[HGPXUPXUHG)HUQDQG
1REXWLWZLOOEHVDLG&DGHURXVVHDVVXUHO\DV'DQWHV
ZLOOEHFDSWDLQRIWKH3KDUDRQHK'DQJODUV"
'DQJODUVVKXGGHUHGDWWKLVXQH[SHFWHGDWWDFNDQGWXUQHGWR
&DGHURXVVHZKRVHFRXQWHQDQFHKHVFUXWLQL]HGWRWU\DQG
GHWHFWZKHWKHUWKHEORZZDVSUHPHGLWDWHGEXWKHUHDG
QRWKLQJEXWHQY\LQDFRXQWHQDQFHDOUHDG\UHQGHUHGEUXWDO
DQGVWXSLGE\GUXQNHQQHVV
:HOOVDLGKHILOOLQJWKHJODVVHVOHWXVGULQNWR
&DSWDLQ(GPRQG'DQWHVKXVEDQGRIWKHEHDXWLIXO&DWDODQH
&DGHURXVVHUDLVHGKLVJODVVWRKLVPRXWKZLWKXQVWHDG\KDQG
DQGVZDOORZHGWKHFRQWHQWVDWDJXOS)HUQDQGGDVKHGKLVRQ
WKHJURXQG
(KHKHKVWDPPHUHG&DGHURXVVH:KDWGR,VHHGRZQ
WKHUHE\WKHZDOOLQWKHGLUHFWLRQRIWKH&DWDODQV"/RRN
)HUQDQG\RXUH\HVDUHEHWWHUWKDQPLQH,EHOLHYH,VHH
GRXEOH<RXNQRZZLQHLVDGHFHLYHUEXW,VKRXOGVD\LWZDV
WZRORYHUVZDONLQJVLGHE\VLGHDQGKDQGLQKDQG+HDYHQ
IRUJLYHPHWKH\GRQRWNQRZWKDWZHFDQVHHWKHPDQGWKH\
DUHDFWXDOO\HPEUDFLQJ
'DQJODUVGLGQRWORVHRQHSDQJWKDW)HUQDQGHQGXUHG
'R\RXNQRZWKHP)HUQDQG"KHVDLG
<HVZDVWKHUHSO\LQDORZYRLFH,WLV(GPRQGDQG
0HUFHGHV
$KVHHWKHUHQRZVDLG&DGHURXVVHDQG,GLGQRW
UHFRJQL]HWKHP+DOOR'DQWHVKHOORORYHO\GDPVHO&RPH
WKLVZD\DQGOHWXVNQRZZKHQWKHZHGGLQJLVWREHIRU
)HUQDQGKHUHLVVRREVWLQDWHKHZLOOQRWWHOOXV
+ROG\RXUWRQJXHZLOO\RX"VDLG'DQJODUVSUHWHQGLQJWR
UHVWUDLQ&DGHURXVVHZKRZLWKWKHWHQDFLW\RIGUXQNDUGV
OHDQHGRXWRIWKHDUERU7U\WRVWDQGXSULJKWDQGOHWWKH

30

ORYHUVPDNHORYHZLWKRXWLQWHUUXSWLRQ6HHORRNDW)HUQDQG
DQGIROORZKLVH[DPSOHKHLVZHOOEHKDYHG
)HUQDQGSUREDEO\H[FLWHGEH\RQGEHDULQJSULFNHGE\
'DQJODUVDVWKHEXOOLVE\WKHEDQGLOOHURVZDVDERXWWR
UXVKRXWIRUKHKDGULVHQIURPKLVVHDWDQGVHHPHGWREH
FROOHFWLQJKLPVHOIWRGDVKKHDGORQJXSRQKLVULYDOZKHQ
0HUFHGHVVPLOLQJDQGJUDFHIXOOLIWHGXSKHUORYHO\KHDG
DQGORRNHGDWWKHPZLWKKHUFOHDUDQGEULJKWH\HV$WWKLV
)HUQDQGUHFROOHFWHGKHUWKUHDWRIG\LQJLI(GPRQGGLHGDQG
GURSSHGDJDLQKHDYLO\RQKLVVHDW'DQJODUVORRNHGDWWKH
WZRPHQRQHDIWHUWKHRWKHUWKHRQHEUXWDOL]HGE\OLTXRU
WKHRWKHURYHUZKHOPHGZLWKORYH
,VKDOOJHWQRWKLQJIURPWKHVHIRROVKHPXWWHUHGDQG,
DPYHU\PXFKDIUDLGRIEHLQJKHUHEHWZHHQDGUXQNDUGDQGD
FRZDUG+HUH
VDQHQYLRXVIHOORZPDNLQJKLPVHOIERR]\RQ
ZLQHZKHQKHRXJKWWREHQXUVLQJKLVZUDWKDQGKHUHLVD
IRROZKRVHHVWKHZRPDQKHORYHVVWROHQIURPXQGHUKLVQRVH
DQGWDNHVRQOLNHDELJEDE\<HWWKLV&DWDODQKDVH\HVWKDW
JOLVWHQOLNHWKRVHRIWKHYHQJHIXO6SDQLDUGV6LFLOLDQVDQG
&DODEULDQVDQGWKHRWKHUKDVILVWVELJHQRXJKWRFUXVKDQ
R[DWRQHEORZ8QTXHVWLRQDEO\(GPRQG
VVWDULVLQWKH
DVFHQGDQWDQGKHZLOOPDUU\WKHVSOHQGLGJLUOKHZLOOEH
FDSWDLQWRRDQGODXJKDWXVDOOXQOHVVDVLQLVWHU
VPLOHSDVVHGRYHU'DQJODUV
OLSVXQOHVV,WDNHDKDQGLQ
WKHDIIDLUKHDGGHG
+DOORFRQWLQXHG&DGHURXVVHKDOIULVLQJDQGZLWKKLV
ILVWRQWKHWDEOHKDOOR(GPRQGGR\RXQRWVHH\RXU
IULHQGVRUDUH\RXWRRSURXGWRVSHDNWRWKHP"
1RP\GHDUIHOORZUHSOLHG'DQWHV,DPQRWSURXGEXW,
DPKDSS\DQGKDSSLQHVVEOLQGV,WKLQNPRUHWKDQSULGH
$KYHU\ZHOOWKDW
VDQH[SODQDWLRQVDLG&DGHURXVVH
+RZGR\RXGR0DGDPH'DQWHV"
0HUFHGHVFRXUWHVLHGJUDYHO\DQGVDLG7KDWLVQRWP\
QDPHDQGLQP\FRXQWU\LWERGHVLOOIRUWXQHWKH\VD\WR
FDOOD\RXQJJLUOE\WKHQDPHRIKHUEHWURWKHGEHIRUHKH
EHFRPHVKHUKXVEDQG6RFDOOPH0HUFHGHVLI\RXSOHDVH
:HPXVWH[FXVHRXUZRUWK\QHLJKERU&DGHURXVVHVDLG

31

'DQWHVKHLVVRHDVLO\PLVWDNHQ
6RWKHQWKHZHGGLQJLVWRWDNHSODFHLPPHGLDWHO\0
'DQWHVVDLG'DQJODUVERZLQJWRWKH\RXQJFRXSOH
$VVRRQDVSRVVLEOH0'DQJODUVWRGD\DOOSUHOLPLQDULHV
ZLOOEHDUUDQJHGDWP\IDWKHU
VDQGWRPRUURZRUQH[WGD\
DWODWHVWWKHZHGGLQJIHVWLYDOKHUHDW/D5HVHUYH0\
IULHQGVZLOOEHWKHUH,KRSHWKDWLVWRVD\\RXDUH
LQYLWHG0'DQJODUVDQG\RX&DGHURXVVH
$QG)HUQDQGVDLG&DGHURXVVHZLWKDFKXFNOH)HUQDQG
WRRLVLQYLWHG
0\ZLIH
VEURWKHULVP\EURWKHUVDLG(GPRQGDQGZH
0HUFHGHVDQG,VKRXOGEHYHU\VRUU\LIKHZHUHDEVHQWDW
VXFKDWLPH
)HUQDQGRSHQHGKLVPRXWKWRUHSO\EXWKLVYRLFHGLHGRQKLV
OLSVDQGKHFRXOGQRWXWWHUDZRUG
7RGD\WKHSUHOLPLQDULHVWRPRUURZRUQH[WGD\WKH
FHUHPRQ\<RXDUHLQDKXUU\FDSWDLQ
'DQJODUVVDLG(GPRQGVPLOLQJ,ZLOOVD\WR\RXDV
0HUFHGHVVDLGMXVWQRZWR&DGHURXVVHC'RQRWJLYHPHD
WLWOHZKLFKGRHVQRWEHORQJWRPH
WKDWPD\EULQJPHEDG
OXFN
<RXUSDUGRQUHSOLHG'DQJODUV,PHUHO\VDLG\RXVHHPHG
LQDKXUU\DQGZHKDYHORWVRIWLPHWKH3KDUDRQFDQQRWEH
XQGHUZHLJKDJDLQLQOHVVWKDQWKUHHPRQWKV
:HDUHDOZD\VLQDKXUU\WREHKDSS\0'DQJODUVIRUZKHQ
ZHKDYHVXIIHUHGDORQJWLPHZHKDYHJUHDWGLIILFXOW\LQ
EHOLHYLQJLQJRRGIRUWXQH%XWLWLVQRWVHOILVKQHVVDORQH
WKDWPDNHVPHWKXVLQKDVWH,PXVWJRWR3DULV
$KUHDOO\"WR3DULVDQGZLOOLWEHWKHILUVWWLPH\RX
KDYHHYHUEHHQWKHUH'DQWHV"
<HV
+DYH\RXEXVLQHVVWKHUH"

32

1RWRIP\RZQWKHODVWFRPPLVVLRQRISRRU&DSWDLQ/HFOHUH
\RXNQRZWRZKDW,DOOXGH'DQJODUVLWLVVDFUHG
%HVLGHV,VKDOORQO\WDNHWKHWLPHWRJRDQGUHWXUQ
<HV\HV,XQGHUVWDQGVDLG'DQJODUVDQGWKHQLQDORZ
WRQHKHDGGHG7R3DULVQRGRXEWWRGHOLYHUWKHOHWWHU
ZKLFKWKHJUDQGPDUVKDOJDYHKLP$KWKLVOHWWHUJLYHVPH
DQLGHDDFDSLWDOLGHD$K'DQWHVP\IULHQG\RXDUH
QRW\HWUHJLVWHUHGQXPEHURQHRQERDUGWKHJRRGVKLS
3KDUDRQWKHQWXUQLQJWRZDUGV(GPRQGZKRZDVZDONLQJDZD\
$SOHDVDQWMRXUQH\KHFULHG
7KDQN\RXVDLG(GPRQGZLWKDIULHQGO\QRGDQGWKHWZR
ORYHUVFRQWLQXHGRQWKHLUZD\DVFDOPDQGMR\RXVDVLIWKH\
ZHUHWKHYHU\HOHFWRIKHDYHQ

&KDSWHU
&RQVSLUDF\
'DQJODUVIROORZHG(GPRQGDQG0HUFHGHVZLWKKLVH\HVXQWLO
WKHWZRORYHUVGLVDSSHDUHGEHKLQGRQHRIWKHDQJOHVRI)RUW
6DLQW1LFRODVWKHQWXUQLQJURXQGKHSHUFHLYHG)HUQDQGZKR
KDGIDOOHQSDOHDQGWUHPEOLQJLQWRKLVFKDLUZKLOH
&DGHURXVVHVWDPPHUHGRXWWKHZRUGVRIDGULQNLQJVRQJ
:HOOP\GHDUVLUVDLG'DQJODUVWR)HUQDQGKHUHLVD
PDUULDJHZKLFKGRHVQRWDSSHDUWRPDNHHYHU\ERG\KDSS\
,WGULYHVPHWRGHVSDLUVDLG)HUQDQG
'R\RXWKHQORYH0HUFHGHV"
,DGRUHKHU
)RUORQJ"
$VORQJDV,KDYHNQRZQKHUDOZD\V
$QG\RXVLWWKHUHWHDULQJ\RXUKDLULQVWHDGRIVHHNLQJWR
UHPHG\\RXUFRQGLWLRQ,GLGQRWWKLQNWKDWZDVWKHZD\RI
\RXUSHRSOH

33

:KDWZRXOG\RXKDYHPHGR"VDLG)HUQDQG
+RZGR,NQRZ",VLWP\DIIDLU",DPQRWLQORYHZLWK
0DGHPRLVHOOH0HUFHGHVEXWIRU\RXLQWKHZRUGVRIWKH
JRVSHOVHHNDQG\RXVKDOOILQG
,KDYHIRXQGDOUHDG\
:KDW"
,ZRXOGVWDEWKHPDQEXWWKHZRPDQWROGPHWKDWLIDQ\
PLVIRUWXQHKDSSHQHGWRKHUEHWURWKHGVKHZRXOGNLOO
KHUVHOI
3RRK:RPHQVD\WKRVHWKLQJVEXWQHYHUGRWKHP
<RXGRQRWNQRZ0HUFHGHVZKDWVKHWKUHDWHQVVKHZLOOGR
,GLRWPXWWHUHG'DQJODUVZKHWKHUVKHNLOOKHUVHOIRU
QRWZKDWPDWWHUSURYLGHG'DQWHVLVQRWFDSWDLQ"
%HIRUH0HUFHGHVVKRXOGGLHUHSOLHG)HUQDQGZLWKWKH
DFFHQWVRIXQVKDNHQUHVROXWLRQ,ZRXOGGLHP\VHOI
7KDW
VZKDW,FDOOORYHVDLG&DGHURXVVHZLWKDYRLFHPRUH
WLSV\WKDQHYHU7KDW
VORYHRU,GRQ
WNQRZZKDWORYH
LV
&RPHVDLG'DQJODUV\RXDSSHDUWRPHDJRRGVRUWRI
IHOORZDQGKDQJPH,VKRXOGOLNHWRKHOS\RXEXW
<HVVDLG&DGHURXVVHEXWKRZ"
0\GHDUIHOORZUHSOLHG'DQJODUV\RXDUHWKUHHSDUWV
GUXQNILQLVKWKHERWWOHDQG\RXZLOOEHFRPSOHWHO\VR
'ULQNWKHQDQGGRQRWPHGGOHZLWKZKDWZHDUHGLVFXVVLQJ
IRUWKDWUHTXLUHVDOORQH
VZLWDQGFRROMXGJPHQW
,GUXQNVDLG&DGHURXVVHZHOOWKDW
VDJRRGRQH,
FRXOGGULQNIRXUPRUHVXFKERWWOHVWKH\DUHQRELJJHUWKDQ
FRORJQHIODVNV3HUH3DPSKLOHPRUHZLQHDQG&DGHURXVVH
UDWWOHGKLVJODVVXSRQWKHWDEOH

34

<RXZHUHVDYLQJVLUVDLG)HUQDQGDZDLWLQJZLWKJUHDW
DQ[LHW\WKHHQGRIWKLVLQWHUUXSWHGUHPDUN
:KDWZDV,VD\LQJ",IRUJHW7KLVGUXQNHQ&DGHURXVVHKDV
PDGHPHORVHWKHWKUHDGRIP\VHQWHQFH
'UXQNLI\RXOLNHVRPXFKWKHZRUVHIRUWKRVHZKRIHDU
ZLQHIRULWLVEHFDXVHWKH\KDYHEDGWKRXJKWVZKLFKWKH\
DUHDIUDLGWKHOLTXRUZLOOH[WUDFWIURPWKHLUKHDUWVDQG
&DGHURXVVHEHJDQWRVLQJWKHWZRODVWOLQHVRIDVRQJYHU\
SRSXODUDWWKHWLPH
C7RXVOHVPHFKDQWVVRQWEHXYHXUVG
HDX
&
HVWELHQSURXYHSDUOHGHOXJH

7KHZLFNHGDUHJUHDWGULQNHUVRIZDWHU
$VWKHIORRGSURYHGRQFHIRUDOO
<RXVDLGVLU\RXZRXOGOLNHWRKHOSPHEXW
<HVEXW,DGGHGWRKHOS\RXLWZRXOGEHVXIILFLHQWWKDW
'DQWHVGLGQRWPDUU\KHU\RXORYHDQGWKHPDUULDJHPD\
HDVLO\EHWKZDUWHGPHWKLQNVDQG\HW'DQWHVQHHGQRWGLH
'HDWKDORQHFDQVHSDUDWHWKHPUHPDUNHG)HUQDQG
<RXWDONOLNHDQRRGOHP\IULHQGVDLG&DGHURXVVHDQG
KHUHLV'DQJODUVZKRLVDZLGHDZDNHFOHYHUGHHSIHOORZ
ZKRZLOOSURYHWR\RXWKDW\RXDUHZURQJ3URYHLW
'DQJODUV,KDYHDQVZHUHGIRU\RX6D\WKHUHLVQRQHHGZK\
'DQWHVVKRXOGGLHLWZRXOGLQGHHGEHDSLW\KHVKRXOG
'DQWHVLVDJRRGIHOORZ,OLNH'DQWHV'DQWHV\RXU
KHDOWK
)HUQDQGURVHLPSDWLHQWO\/HWKLPUXQRQVDLG'DQJODUV
UHVWUDLQLQJWKH\RXQJPDQGUXQNDVKHLVKHLVQRWPXFK
RXWLQZKDWKHVD\V$EVHQFHVHYHUVDVZHOODVGHDWKDQGLI
WKHZDOOVRIDSULVRQZHUHEHWZHHQ(GPRQGDQG0HUFHGHVWKH\
ZRXOGEHDVHIIHFWXDOO\VHSDUDWHGDVLIKHOD\XQGHUD
WRPEVWRQH
<HVEXWRQHJHWVRXWRISULVRQVDLG&DGHURXVVHZKR
ZLWKZKDWVHQVHZDVOHIWKLPOLVWHQHGHDJHUO\WRWKH
FRQYHUVDWLRQDQGZKHQRQHJHWVRXWDQGRQH
VQDPHLV

35

(GPRQG'DQWHVRQHVHHNVUHYHQJH
:KDWPDWWHUVWKDW"PXWWHUHG)HUQDQG
$QGZK\,VKRXOGOLNHWRNQRZSHUVLVWHG&DGHURXVVH
VKRXOGWKH\SXW'DQWHVLQSULVRQ"KHKDVQRWUREEHGRU
NLOOHGRUPXUGHUHG
+ROG\RXUWRQJXHVDLG'DQJODUV
,ZRQ
WKROGP\WRQJXHUHSOLHG&DGHURXVVH,VD\,ZDQW
WRNQRZZK\WKH\VKRXOGSXW'DQWHVLQSULVRQ,OLNH'DQWHV
'DQWHV\RXUKHDOWKDQGKHVZDOORZHGDQRWKHUJODVVRI
ZLQH
'DQJODUVVDZLQWKHPXGGOHGORRNRIWKHWDLORUWKHSURJUHVV
RIKLVLQWR[LFDWLRQDQGWXUQLQJWRZDUGV)HUQDQGVDLG
:HOO\RXXQGHUVWDQGWKHUHLVQRQHHGWRNLOOKLP
&HUWDLQO\QRWLIDV\RXVDLGMXVWQRZ\RXKDYHWKHPHDQV
RIKDYLQJ'DQWHVDUUHVWHG+DYH\RXWKDWPHDQV"
,WLVWREHIRXQGIRUWKHVHDUFKLQJ%XWZK\VKRXOG,
PHGGOHLQWKHPDWWHU"LWLVQRDIIDLURIPLQH
,NQRZQRWZK\\RXPHGGOHVDLG)HUQDQGVHL]LQJKLVDUP
EXWWKLV,NQRZ\RXKDYHVRPHPRWLYHRISHUVRQDOKDWUHG
DJDLQVW'DQWHVIRUKHZKRKLPVHOIKDWHVLVQHYHUPLVWDNHQ
LQWKHVHQWLPHQWVRIRWKHUV
,PRWLYHVRIKDWUHGDJDLQVW'DQWHV"1RQHRQP\ZRUG,
VDZ\RXZHUHXQKDSS\DQG\RXUXQKDSSLQHVVLQWHUHVWHGPH
WKDW
VDOOEXWVLQFH\RXEHOLHYH,DFWIRUP\RZQDFFRXQW
DGLHXP\GHDUIULHQGJHWRXWRIWKHDIIDLUDVEHVW\RX
PD\DQG'DQJODUVURVHDVLIKHPHDQWWRGHSDUW
1RQRVDLG)HUQDQGUHVWUDLQLQJKLPVWD\,WLVRI
YHU\OLWWOHFRQVHTXHQFHWRPHDWWKHHQGRIWKHPDWWHU
ZKHWKHU\RXKDYHDQ\DQJU\IHHOLQJRUQRWDJDLQVW'DQWHV,
KDWHKLP,FRQIHVVLWRSHQO\'R\RXILQGWKHPHDQV,ZLOO
H[HFXWHLWSURYLGHGLWLVQRWWRNLOOWKHPDQIRU0HUFHGHV
KDVGHFODUHGVKHZLOONLOOKHUVHOILI'DQWHVLVNLOOHG
&DGHURXVVHZKRKDGOHWKLVKHDGGURSRQWKHWDEOHQRZ

36

UDLVHGLWDQGORRNLQJDW)HUQDQGZLWKKLVGXOODQGILVK\
H\HVKHVDLG.LOO'DQWHVZKRWDONVRINLOOLQJ'DQWHV"
,ZRQ
WKDYHKLPNLOOHG,ZRQ
W+H
VP\IULHQGDQGWKLV
PRUQLQJRIIHUHGWRVKDUHKLVPRQH\ZLWKPHDV,VKDUHGPLQH
ZLWKKLP,ZRQ
WKDYH'DQWHVNLOOHG,ZRQ
W
$QGZKRKDVVDLGDZRUGDERXWNLOOLQJKLPPXGGOHKHDG"
UHSOLHG'DQJODUV:HZHUHPHUHO\MRNLQJGULQNWRKLV
KHDOWKKHDGGHGILOOLQJ&DGHURXVVH
VJODVVDQGGRQRW
LQWHUIHUHZLWKXV
<HV\HV'DQWHV
JRRGKHDOWKVDLG&DGHURXVVHHPSW\LQJ
KLVJODVVKHUH
VWRKLVKHDOWKKLVKHDOWKKXUUDK
%XWWKHPHDQVWKHPHDQV"VDLG)HUQDQG
+DYH\RXQRWKLWXSRQDQ\"DVNHG'DQJODUV
1R\RXXQGHUWRRNWRGRVR
7UXHUHSOLHG'DQJODUVWKH)UHQFKKDYHWKHVXSHULRULW\
RYHUWKH6SDQLDUGVWKDWWKH6SDQLDUGVUXPLQDWHZKLOHWKH
)UHQFKLQYHQW
'R\RXLQYHQWWKHQVDLG)HUQDQGLPSDWLHQWO\
:DLWHUVDLG'DQJODUVSHQLQNDQGSDSHU
3HQLQNDQGSDSHUPXWWHUHG)HUQDQG
<HV,DPDVXSHUFDUJRSHQLQNDQGSDSHUDUHP\WRROV
DQGZLWKRXWP\WRROV,DPILWIRUQRWKLQJ
3HQLQNDQGSDSHUWKHQFDOOHG)HUQDQGORXGO\
7KHUH
VZKDW\RXZDQWRQWKDWWDEOHVDLGWKHZDLWHU
%ULQJWKHPKHUH7KHZDLWHUGLGDVKHZDVGHVLUHG
:KHQRQHWKLQNVVDLG&DGHURXVVHOHWWLQJKLVKDQGGURSRQ
WKHSDSHUWKHUHLVKHUHZKHUHZLWKDOWRNLOODPDQPRUH
VXUHWKDQLIZHZDLWHGDWWKHFRUQHURIDZRRGWR
DVVDVVLQDWHKLP,KDYHDOZD\VKDGPRUHGUHDGRIDSHQD
ERWWOHRILQNDQGDVKHHWRISDSHUWKDQRIDVZRUGRU

37

SLVWRO
7KHIHOORZLVQRWVRGUXQNDVKHDSSHDUVWREHVDLG
'DQJODUV*LYHKLPVRPHPRUHZLQH)HUQDQG)HUQDQGILOOHG
&DGHURXVVH
VJODVVZKROLNHWKHFRQILUPHGWRSHUKHZDV
OLIWHGKLVKDQGIURPWKHSDSHUDQGVHL]HGWKHJODVV
7KH&DWDODQZDWFKHGKLPXQWLO&DGHURXVVHDOPRVWRYHUFRPHE\
WKLVIUHVKDVVDXOWRQKLVVHQVHVUHVWHGRUUDWKHUGURSSHG
KLVJODVVXSRQWKHWDEOH
:HOOUHVXPHGWKH&DWDODQDVKHVDZWKHILQDOJOLPPHURI
&DGHURXVVH
VUHDVRQYDQLVKLQJEHIRUHWKHODVWJODVVRIZLQH
:HOOWKHQ,VKRXOGVD\IRULQVWDQFHUHVXPHG'DQJODUV
WKDWLIDIWHUDYR\DJHVXFKDV'DQWHVKDVMXVWPDGHLQ
ZKLFKKHWRXFKHGDWWKH,VODQGRI(OEDVRPHRQHZHUHWR
GHQRXQFHKLPWRWKHNLQJ
VSURFXUHXUDVD%RQDSDUWLVWDJHQW

,ZLOOGHQRXQFHKLPH[FODLPHGWKH\RXQJPDQKDVWLO\
<HVEXWWKH\ZLOOPDNH\RXWKHQVLJQ\RXUGHFODUDWLRQDQG
FRQIURQW\RXZLWKKLP\RXKDYHGHQRXQFHG,ZLOOVXSSO\\RX
ZLWKWKHPHDQVRIVXSSRUWLQJ\RXUDFFXVDWLRQIRU,NQRZWKH
IDFWZHOO%XW'DQWHVFDQQRWUHPDLQIRUHYHULQSULVRQDQG
RQHGD\RURWKHUKHZLOOOHDYHLWDQGWKHGD\ZKHQKHFRPHV
RXWZRHEHWLGHKLPZKRZDVWKHFDXVHRIKLVLQFDUFHUDWLRQ
2K,VKRXOGZLVKQRWKLQJEHWWHUWKDQWKDWKHZRXOGFRPH
DQGVHHNDTXDUUHOZLWKPH
<HVDQG0HUFHGHV0HUFHGHVZKRZLOOGHWHVW\RXLI\RX
KDYHRQO\WKHPLVIRUWXQHWRVFUDWFKWKHVNLQRIKHUGHDUO\
EHORYHG(GPRQG
7UXHVDLG)HUQDQG
1RQRFRQWLQXHG'DQJODUVLIZHUHVROYHRQVXFKDVWHS
LWZRXOGEHPXFKEHWWHUWRWDNHDV,QRZGRWKLVSHQGLS
LWLQWRWKLVLQNDQGZULWHZLWKWKHOHIWKDQG WKDWWKH
ZULWLQJPD\QRWEHUHFRJQL]HG WKHGHQXQFLDWLRQZHSURSRVH
$QG'DQJODUVXQLWLQJSUDFWLFHZLWKWKHRU\ZURWHZLWKKLV
OHIWKDQGDQGLQDZULWLQJUHYHUVHGIURPKLVXVXDOVW\OH

38

DQGWRWDOO\XQOLNHLWWKHIROORZLQJOLQHVZKLFKKHKDQGHG
WR)HUQDQGDQGZKLFK)HUQDQGUHDGLQDQXQGHUWRQH
7KHKRQRUDEOHWKHNLQJ
VDWWRUQH\LVLQIRUPHGE\DIULHQG
RIWKHWKURQHDQGUHOLJLRQWKDWRQH(GPRQG'DQWHVPDWHRI
WKHVKLS3KDUDRQDUULYHGWKLVPRUQLQJIURP6P\UQDDIWHU
KDYLQJWRXFKHGDW1DSOHVDQG3RUWR)HUUDMRKDVEHHQ
LQWUXVWHGE\0XUDWZLWKDOHWWHUIRUWKHXVXUSHUDQGE\WKH
XVXUSHUZLWKDOHWWHUIRUWKH%RQDSDUWLVWFRPPLWWHHLQ
3DULV3URRIRIWKLVFULPHZLOOEHIRXQGRQDUUHVWLQJKLP
IRUWKHOHWWHUZLOOEHIRXQGXSRQKLPRUDWKLVIDWKHU
V
RULQKLVFDELQRQERDUGWKH3KDUDRQ
9HU\JRRGUHVXPHG'DQJODUVQRZ\RXUUHYHQJHORRNVOLNH
FRPPRQVHQVHIRULQQRZD\FDQLWUHYHUWWR\RXUVHOIDQG
WKHPDWWHUZLOOWKXVZRUNLWVRZQZD\WKHUHLVQRWKLQJWR
GRQRZEXWIROGWKHOHWWHUDV,DPGRLQJDQGZULWHXSRQLW
C7RWKHNLQJ
VDWWRUQH\
DQGWKDW
VDOOVHWWOHG$QG
'DQJODUVZURWHWKHDGGUHVVDVKHVSRNH
<HVDQGWKDW
VDOOVHWWOHGH[FODLPHG&DGHURXVVHZKRE\
DODVWHIIRUWRILQWHOOHFWKDGIROORZHGWKHUHDGLQJRIWKH
OHWWHUDQGLQVWLQFWLYHO\FRPSUHKHQGHGDOOWKHPLVHU\ZKLFK
VXFKDGHQXQFLDWLRQPXVWHQWDLO<HVDQGWKDW
VDOO
VHWWOHGRQO\LWZLOOEHDQLQIDPRXVVKDPHDQGKH
VWUHWFKHGRXWKLVKDQGWRUHDFKWKHOHWWHU
<HVVDLG'DQJODUVWDNLQJLWIURPEH\RQGKLVUHDFKDQG
DVZKDW,VD\DQGGRLVPHUHO\LQMHVWDQG,DPRQJVWWKH
ILUVWDQGIRUHPRVWVKRXOGEHVRUU\LIDQ\WKLQJKDSSHQHGWR
'DQWHVWKHZRUWK\'DQWHVORRNKHUH$QGWDNLQJWKH
OHWWHUKHVTXHH]HGLWXSLQKLVKDQGVDQGWKUHZLWLQWRD
FRUQHURIWKHDUERU
$OOULJKWVDLG&DGHURXVVH'DQWHVLVP\IULHQGDQG,
ZRQ
WKDYHKLPLOOXVHG
$QGZKRWKLQNVRIXVLQJKLPLOO"&HUWDLQO\QHLWKHU,QRU
)HUQDQGVDLG'DQJODUVULVLQJDQGORRNLQJDWWKH\RXQJ
PDQZKRVWLOOUHPDLQHGVHDWHGEXWZKRVHH\HZDVIL[HGRQ
WKHGHQXQFLDWRU\VKHHWRISDSHUIOXQJLQWRWKHFRUQHU
,QWKLVFDVHUHSOLHG&DGHURXVVHOHW
VKDYHVRPHPRUH
ZLQH,ZLVKWRGULQNWRWKHKHDOWKRI(GPRQGDQGWKHORYHO\

39

0HUFHGHV
<RXKDYHKDGWRRPXFKDOUHDG\GUXQNDUGVDLG'DQJODUV
DQGLI\RXFRQWLQXH\RXZLOOEHFRPSHOOHGWRVOHHSKHUH
EHFDXVHXQDEOHWRVWDQGRQ\RXUOHJV
,"VDLG&DGHURXVVHULVLQJZLWKDOOWKHRIIHQGHGGLJQLW\
RIDGUXQNHQPDQ,FDQ
WNHHSRQP\OHJV":K\,
OOZDJHU
,FDQJRXSLQWRWKHEHOIU\RIWKH$FFRXOHVDQGZLWKRXW
VWDJJHULQJWRR
'RQHVDLG'DQJODUV,
OOWDNH\RXUEHWEXWWRPRUURZ
WRGD\LWLVWLPHWRUHWXUQ*LYHPH\RXUDUPDQGOHWXV
JR
9HU\ZHOOOHWXVJRVDLG&DGHURXVVHEXW,GRQ
WZDQW
\RXUDUPDWDOO&RPH)HUQDQGZRQ
W\RXUHWXUQWR
0DUVHLOOHVZLWKXV"
1RVDLG)HUQDQG,VKDOOUHWXUQWRWKH&DWDODQV
<RX
UHZURQJ&RPHZLWKXVWR0DUVHLOOHVFRPHDORQJ
,ZLOOQRW
:KDWGR\RXPHDQ"\RXZLOOQRW":HOOMXVWDV\RXOLNHP\
SULQFHWKHUH
VOLEHUW\IRUDOOWKHZRUOG&RPHDORQJ
'DQJODUVDQGOHWWKH\RXQJJHQWOHPDQUHWXUQWRWKH&DWDODQV
LIKHFKRRVHV
'DQJODUVWRRNDGYDQWDJHRI&DGHURXVVH
VWHPSHUDWWKH
PRPHQWWRWDNHKLPRIIWRZDUGV0DUVHLOOHVE\WKH3RUWH
6DLQW9LFWRUVWDJJHULQJDVKHZHQW
:KHQWKH\KDGDGYDQFHGDERXWWZHQW\\DUGV'DQJODUVORRNHG
EDFNDQGVDZ)HUQDQGVWRRSSLFNXSWKHFUXPSOHGSDSHUDQG
SXWWLQJLWLQWRKLVSRFNHWWKHQUXVKRXWRIWKHDUERU
WRZDUGV3LOORQ
:HOOVDLG&DGHURXVVHZK\ZKDWDOLHKHWROG+HVDLG
KHZDVJRLQJWRWKH&DWDODQVDQGKHLVJRLQJWRWKHFLW\
+DOOR)HUQDQG
2K\RXGRQ
WVHHVWUDLJKWVDLG'DQJODUVKH
VJRQH

40

ULJKWHQRXJK
:HOOVDLG&DGHURXVVH,VKRXOGKDYHVDLGQRWKRZ
WUHDFKHURXVZLQHLV
&RPHFRPHVDLG'DQJODUVWRKLPVHOIQRZWKHWKLQJLVDW
ZRUNDQGLWZLOOHIIHFWLWVSXUSRVHXQDVVLVWHG

&KDSWHU
7KH0DUULDJH)HDVW
7KHPRUQLQJ
VVXQURVHFOHDUDQGUHVSOHQGHQWWRXFKLQJWKH
IRDP\ZDYHVLQWRDQHWZRUNRIUXE\WLQWHGOLJKW
7KHIHDVWKDGEHHQPDGHUHDG\RQWKHVHFRQGIORRUDW/D
5HVHUYHZLWKZKRVHDUERUWKHUHDGHULVDOUHDG\IDPLOLDU
7KHDSDUWPHQWGHVWLQHGIRUWKHSXUSRVHZDVVSDFLRXVDQG
OLJKWHGE\DQXPEHURIZLQGRZVRYHUHDFKRIZKLFKZDV
ZULWWHQLQJROGHQOHWWHUVIRUVRPHLQH[SOLFDEOHUHDVRQWKH
QDPHRIRQHRIWKHSULQFLSDOFLWLHVRI)UDQFHEHQHDWKWKHVH
ZLQGRZVDZRRGHQEDOFRQ\H[WHQGHGWKHHQWLUHOHQJWKRIWKH
KRXVH$QGDOWKRXJKWKHHQWHUWDLQPHQWZDVIL[HGIRUWZHOYH
R
FORFNDQKRXUSUHYLRXVWRWKDWWLPHWKHEDOFRQ\ZDV
ILOOHGZLWKLPSDWLHQWDQGH[SHFWDQWJXHVWVFRQVLVWLQJRI
WKHIDYRUHGSDUWRIWKHFUHZRIWKH3KDUDRQDQGRWKHU
SHUVRQDOIULHQGVRIWKHEULGHJURRPWKHZKROHRIZKRPKDG
DUUD\HGWKHPVHOYHVLQWKHLUFKRLFHVWFRVWXPHVLQRUGHUWR
GRJUHDWHUKRQRUWRWKHRFFDVLRQ
9DULRXVUXPRUVZHUHDIORDWWRWKHHIIHFWWKDWWKHRZQHUVRI
WKH3KDUDRQKDGSURPLVHGWRDWWHQGWKHQXSWLDOIHDVWEXW
DOOVHHPHGXQDQLPRXVLQGRXEWLQJWKDWDQDFWRIVXFKUDUH
DQGH[FHHGLQJFRQGHVFHQVLRQFRXOGSRVVLEO\EHLQWHQGHG
'DQJODUVKRZHYHUZKRQRZPDGHKLVDSSHDUDQFHDFFRPSDQLHG
E\&DGHURXVVHHIIHFWXDOO\FRQILUPHGWKHUHSRUWVWDWLQJ
WKDWKHKDGUHFHQWO\FRQYHUVHGZLWK00RUUHOZKRKDG
KLPVHOIDVVXUHGKLPRIKLVLQWHQWLRQWRGLQHDW/D5HVHUYH
,QIDFWDPRPHQWODWHU00RUUHODSSHDUHGDQGZDVVDOXWHG
ZLWKDQHQWKXVLDVWLFEXUVWRIDSSODXVHIURPWKHFUHZRIWKH
3KDUDRQZKRKDLOHGWKHYLVLWRIWKHVKLSRZQHUDVDVXUH

41

LQGLFDWLRQWKDWWKHPDQZKRVHZHGGLQJIHDVWKHWKXV
GHOLJKWHGWRKRQRUZRXOGHUHORQJEHILUVWLQFRPPDQGRIWKH
VKLSDQGDV'DQWHVZDVXQLYHUVDOO\EHORYHGRQERDUGKLV
YHVVHOWKHVDLORUVSXWQRUHVWUDLQWRQWKHLUWXPXOWXRXVMR\
DWILQGLQJWKDWWKHRSLQLRQDQGFKRLFHRIWKHLUVXSHULRUVVR
H[DFWO\FRLQFLGHGZLWKWKHLURZQ
:LWKWKHHQWUDQFHRI00RUUHO'DQJODUVDQG&DGHURXVVHZHUH
GHVSDWFKHGLQVHDUFKRIWKHEULGHJURRPWRFRQYH\WRKLPWKH
LQWHOOLJHQFHRIWKHDUULYDORIWKHLPSRUWDQWSHUVRQDJHZKRVH
FRPLQJKDGFUHDWHGVXFKDOLYHO\VHQVDWLRQDQGWREHVHHFK
KLPWRPDNHKDVWH
'DQJODUVDQG&DGHURXVVHVHWRIIXSRQWKHLUHUUDQGDWIXOO
VSHHGEXWHUHWKH\KDGJRQHPDQ\VWHSVWKH\SHUFHLYHGD
JURXSDGYDQFLQJWRZDUGVWKHPFRPSRVHGRIWKHEHWURWKHG
SDLUDSDUW\RI\RXQJJLUOVLQDWWHQGDQFHRQWKHEULGHE\
ZKRVHVLGHZDONHG'DQWHV
IDWKHUWKHZKROHEURXJKWXSE\
)HUQDQGZKRVHOLSVZRUHWKHLUXVXDOVLQLVWHUVPLOH
1HLWKHU0HUFHGHVQRU(GPRQGREVHUYHGWKHVWUDQJHH[SUHVVLRQ
RIKLVFRXQWHQDQFHWKH\ZHUHVRKDSS\WKDWWKH\ZHUH
FRQVFLRXVRQO\RIWKHVXQVKLQHDQGWKHSUHVHQFHRIHDFK
RWKHU
+DYLQJDFTXLWWHGWKHPVHOYHVRIWKHLUHUUDQGDQGH[FKDQJHGD
KHDUW\VKDNHRIWKHKDQGZLWK(GPRQG'DQJODUVDQG
&DGHURXVVHWRRNWKHLUSODFHVEHVLGH)HUQDQGDQGROG'DQWHV
WKHODWWHURIZKRPDWWUDFWHGXQLYHUVDOQRWLFH7KHROG
PDQZDVDWWLUHGLQDVXLWRIJOLVWHQLQJZDWHUHGVLON
WULPPHGZLWKVWHHOEXWWRQVEHDXWLIXOO\FXWDQGSROLVKHG
+LVWKLQEXWZLU\OHJVZHUHDUUD\HGLQDSDLURIULFKO\
HPEURLGHUHGFORFNHGVWRFNLQJVHYLGHQWO\RI(QJOLVK
PDQXIDFWXUHZKLOHIURPKLVWKUHHFRUQHUHGKDWGHSHQGHGD
ORQJVWUHDPLQJNQRWRIZKLWHDQGEOXHULEERQV7KXVKHFDPH
DORQJVXSSRUWLQJKLPVHOIRQDFXULRXVO\FDUYHGVWLFNKLV
DJHGFRXQWHQDQFHOLWXSZLWKKDSSLQHVVORRNLQJIRUDOOWKH
ZRUOGOLNHRQHRIWKHDJHGGDQGLHVRISDUDGLQJWKH
QHZO\RSHQHGJDUGHQVRIWKH7XLOHULHVDQG/X[HPERXUJ%HVLGH
KLPJOLGHG&DGHURXVVHZKRVHGHVLUHWRSDUWDNHRIWKHJRRG
WKLQJVSURYLGHGIRUWKHZHGGLQJSDUW\KDGLQGXFHGKLPWR
EHFRPHUHFRQFLOHGWRWKH'DQWHVIDWKHUDQGVRQDOWKRXJK
WKHUHVWLOOOLQJHUHGLQKLVPLQGDIDLQWDQGXQSHUIHFW
UHFROOHFWLRQRIWKHHYHQWVRIWKHSUHFHGLQJQLJKWMXVWDV

42

WKHEUDLQUHWDLQVRQZDNLQJLQWKHPRUQLQJWKHGLPDQGPLVW\
RXWOLQHRIDGUHDP
$V'DQJODUVDSSURDFKHGWKHGLVDSSRLQWHGORYHUKHFDVWRQ
KLPDORRNRIGHHSPHDQLQJZKLOH)HUQDQGDVKHVORZO\
SDFHGEHKLQGWKHKDSS\SDLUZKRVHHPHGLQWKHLURZQ
XQPL[HGFRQWHQWWRKDYHHQWLUHO\IRUJRWWHQWKDWVXFKD
EHLQJDVKLPVHOIH[LVWHGZDVSDOHDQGDEVWUDFWHG
RFFDVLRQDOO\KRZHYHUDGHHSIOXVKZRXOGRYHUVSUHDGKLV
FRXQWHQDQFHDQGDQHUYRXVFRQWUDFWLRQGLVWRUWKLVIHDWXUHV
ZKLOHZLWKDQDJLWDWHGDQGUHVWOHVVJD]HKHZRXOGJODQFH
LQWKHGLUHFWLRQRI0DUVHLOOHVOLNHRQHZKRHLWKHU
DQWLFLSDWHGRUIRUHVDZVRPHJUHDWDQGLPSRUWDQWHYHQW
'DQWHVKLPVHOIZDVVLPSO\EXWEHFRPLQJO\FODGLQWKHGUHVV
SHFXOLDUWRWKHPHUFKDQWVHUYLFHDFRVWXPHVRPHZKDW
EHWZHHQDPLOLWDU\DQGDFLYLOJDUEDQGZLWKKLVILQH
FRXQWHQDQFHUDGLDQWZLWKMR\DQGKDSSLQHVVDPRUHSHUIHFW
VSHFLPHQRIPDQO\EHDXW\FRXOGVFDUFHO\EHLPDJLQHG
/RYHO\DVWKH*UHHNJLUOVRI&\SUXVRU&KLRV0HUFHGHV
ERDVWHGWKHVDPHEULJKWIODVKLQJH\HVRIMHWDQGULSH
URXQGFRUDOOLSV6KHPRYHGZLWKWKHOLJKWIUHHVWHSRIDQ
$UOHVLHQQHRUDQ$QGDOXVLDQ2QHPRUHSUDFWLFHGLQWKHDUWV
RIJUHDWFLWLHVZRXOGKDYHKLGKHUEOXVKHVEHQHDWKDYHLO
RUDWOHDVWKDYHFDVWGRZQKHUWKLFNO\IULQJHGODVKHVVR
DVWRKDYHFRQFHDOHGWKHOLTXLGOXVWUHRIKHUDQLPDWHGH\HV
EXWRQWKHFRQWUDU\WKHGHOLJKWHGJLUOORRNHGDURXQGKHU
ZLWKDVPLOHWKDWVHHPHGWRVD\,I\RXDUHP\IULHQGV
UHMRLFHZLWKPHIRU,DPYHU\KDSS\
$VVRRQDVWKHEULGDOSDUW\FDPHLQVLJKWRI/D5HVHUYH0
0RUUHOGHVFHQGHGDQGFDPHIRUWKWRPHHWLWIROORZHGE\WKH
VROGLHUVDQGVDLORUVWKHUHDVVHPEOHGWRZKRPKHKDG
UHSHDWHGWKHSURPLVHDOUHDG\JLYHQWKDW'DQWHVVKRXOGEH
WKHVXFFHVVRUWRWKHODWH&DSWDLQ/HFOHUH(GPRQGDWWKH
DSSURDFKRIKLVSDWURQUHVSHFWIXOO\SODFHGWKHDUPRIKLV
DIILDQFHGEULGHZLWKLQWKDWRI00RUUHOZKRIRUWKZLWK
FRQGXFWLQJKHUXSWKHIOLJKWRIZRRGHQVWHSVOHDGLQJWRWKH
FKDPEHULQZKLFKWKHIHDVWZDVSUHSDUHGZDVJD\O\IROORZHG
E\WKHJXHVWVEHQHDWKZKRVHKHDY\WUHDGWKHVOLJKW
VWUXFWXUHFUHDNHGDQGJURDQHGIRUWKHVSDFHRIVHYHUDO
PLQXWHV

43

)DWKHUVDLG0HUFHGHVVWRSSLQJZKHQVKHKDGUHDFKHGWKH
FHQWUHRIWKHWDEOHVLW,SUD\\RXRQP\ULJKWKDQGRQ
P\OHIW,ZLOOSODFHKLPZKRKDVHYHUEHHQDVDEURWKHUWR
PHSRLQWLQJZLWKDVRIWDQGJHQWOHVPLOHWR)HUQDQGEXW
KHUZRUGVDQGORRNVHHPHGWRLQIOLFWWKHGLUHVWWRUWXUHRQ
KLPIRUKLVOLSVEHFDPHJKDVWO\SDOHDQGHYHQEHQHDWKWKH
GDUNKXHRIKLVFRPSOH[LRQWKHEORRGPLJKWEHVHHQ
UHWUHDWLQJDVWKRXJKVRPHVXGGHQSDQJGURYHLWEDFNWRWKH
KHDUW
'XULQJWKLVWLPH'DQWHVDWWKHRSSRVLWHVLGHRIWKHWDEOH
KDGEHHQRFFXSLHGLQVLPLODUO\SODFLQJKLVPRVWKRQRUHG
JXHVWV00RUUHOZDVVHDWHGDWKLVULJKWKDQG'DQJODUVDW
KLVOHIWZKLOHDWDVLJQIURP(GPRQGWKHUHVWRIWKH
FRPSDQ\UDQJHGWKHPVHOYHVDVWKH\IRXQGLWPRVWDJUHHDEOH
7KHQWKH\EHJDQWRSDVVDURXQGWKHGXVN\SLTXDQW$UOHVLDQ
VDXVDJHVDQGOREVWHUVLQWKHLUGD]]OLQJUHGFXLUDVVHV
SUDZQVRIODUJHVL]HDQGEULOOLDQWFRORUWKHHFKLQXVZLWK
LWVSULFNO\RXWVLGHDQGGDLQW\PRUVHOZLWKLQWKHFORYLV
HVWHHPHGE\WKHHSLFXUHVRIWKH6RXWKDVPRUHWKDQULYDOOLQJ
WKHH[TXLVLWHIODYRURIWKHR\VWHUDOOWKHGHOLFDFLHV
LQIDFWWKDWDUHFDVWXSE\WKHZDVKRIZDWHUVRQWKHVDQG\
EHDFKDQGVW\OHGE\WKHJUDWHIXOILVKHUPHQIUXLWVRIWKH
VHD
$SUHWW\VLOHQFHWUXO\VDLGWKHROGIDWKHURIWKH
EULGHJURRPDVKHFDUULHGWRKLVOLSVDJODVVRIZLQHRI
WKHKXHDQGEULJKWQHVVRIWKHWRSD]DQGZKLFKKDGMXVWEHHQ
SODFHGEHIRUH0HUFHGHVKHUVHOI1RZZRXOGDQ\ERG\WKLQN
WKDWWKLVURRPFRQWDLQHGDKDSS\PHUU\SDUW\ZKRGHVLUH
QRWKLQJEHWWHUWKDQWRODXJKDQGGDQFHWKHKRXUVDZD\"
$KVLJKHG&DGHURXVVHDPDQFDQQRWDOZD\VIHHOKDSS\
EHFDXVHKHLVDERXWWREHPDUULHG
7KHWUXWKLVUHSOLHG'DQWHVWKDW,DPWRRKDSS\IRU
QRLV\PLUWKLIWKDWLVZKDW\RXPHDQWE\\RXUREVHUYDWLRQ
P\ZRUWK\IULHQG\RXDUHULJKWMR\WDNHVDVWUDQJHHIIHFW
DWWLPHVLWVHHPVWRRSSUHVVXVDOPRVWWKHVDPHDVVRUURZ
'DQJODUVORRNHGWRZDUGV)HUQDQGZKRVHH[FLWDEOHQDWXUH
UHFHLYHGDQGEHWUD\HGHDFKIUHVKLPSUHVVLRQ

44

:K\ZKDWDLOV\RX"DVNHGKHRI(GPRQG'R\RXIHDUDQ\
DSSURDFKLQJHYLO",VKRXOGVD\WKDW\RXZHUHWKHKDSSLHVW
PDQDOLYHDWWKLVLQVWDQW
$QGWKDWLVWKHYHU\WKLQJWKDWDODUPVPHUHWXUQHG
'DQWHV0DQGRHVQRWDSSHDUWRPHWREHLQWHQGHGWRHQMR\
IHOLFLW\VRXQPL[HGKDSSLQHVVLVOLNHWKHHQFKDQWHGSDODFHV
ZHUHDGRILQRXUFKLOGKRRGZKHUHILHUFHILHU\GUDJRQV
GHIHQGWKHHQWUDQFHDQGDSSURDFKDQGPRQVWHUVRIDOOVKDSHV
DQGNLQGVUHTXLULQJWREHRYHUFRPHHUHYLFWRU\LVRXUV,
RZQWKDW,DPORVWLQZRQGHUWRILQGP\VHOISURPRWHGWRDQ
KRQRURIZKLFK,IHHOP\VHOIXQZRUWK\WKDWRIEHLQJWKH
KXVEDQGRI0HUFHGHV
1D\QD\FULHG&DGHURXVVHVPLOLQJ\RXKDYHQRW
DWWDLQHGWKDWKRQRU\HW0HUFHGHVLVQRW\HW\RXUZLIH-XVW
DVVXPHWKHWRQHDQGPDQQHURIDKXVEDQGDQGVHHKRZVKH
ZLOOUHPLQG\RXWKDW\RXUKRXULVQRW\HWFRPH
7KHEULGHEOXVKHGZKLOH)HUQDQGUHVWOHVVDQGXQHDV\
VHHPHGWRVWDUWDWHYHU\IUHVKVRXQGDQGIURPWLPHWRWLPH
ZLSHGDZD\WKHODUJHGURSVRISHUVSLUDWLRQWKDWJDWKHUHGRQ
KLVEURZ
:HOOQHYHUPLQGWKDWQHLJKERU&DGHURXVVHLWLVQRWZRUWK
ZKLOHWRFRQWUDGLFWPHIRUVXFKDWULIOHDVWKDW
7LVWUXH
WKDW0HUFHGHVLVQRWDFWXDOO\P\ZLIHEXWDGGHGKH
GUDZLQJRXWKLVZDWFKLQDQKRXUDQGDKDOIVKHZLOOEH
$JHQHUDOH[FODPDWLRQRIVXUSULVHUDQURXQGWKHWDEOHZLWK
WKHH[FHSWLRQRIWKHHOGHU'DQWHVZKRVHODXJKGLVSOD\HGWKH
VWLOOSHUIHFWEHDXW\RIKLVODUJHZKLWHWHHWK0HUFHGHV
ORRNHGSOHDVHGDQGJUDWLILHGZKLOH)HUQDQGJUDVSHGWKH
KDQGOHRIKLVNQLIHZLWKDFRQYXOVLYHFOXWFK
,QDQKRXU"LQTXLUHG'DQJODUVWXUQLQJSDOH+RZLVWKDW
P\IULHQG"
:K\WKXVLWLVUHSOLHG'DQWHV7KDQNVWRWKHLQIOXHQFH
RI00RUUHOWRZKRPQH[WWRP\IDWKHU,RZHHYHU\
EOHVVLQJ,HQMR\HYHU\GLIILFXOW\KLVEHHQUHPRYHG:HKDYH
SXUFKDVHGSHUPLVVLRQWRZDLYHWKHXVXDOGHOD\DQGDW
KDOISDVWWZRR
FORFNWKHPD\RURI0DUVHLOOHVZLOOEH
ZDLWLQJIRUXVDWWKHFLW\KDOO1RZDVDTXDUWHUSDVWRQH

45

KDVDOUHDG\VWUXFN,GRQRWFRQVLGHU,KDYHDVVHUWHGWRR
PXFKLQVD\LQJWKDWLQDQRWKHUKRXUDQGWKLUW\PLQXWHV
0HUFHGHVZLOOKDYHEHFRPH0DGDPH'DQWHV
)HUQDQGFORVHGKLVH\HVDEXUQLQJVHQVDWLRQSDVVHGDFURVV
KLVEURZDQGKHZDVFRPSHOOHGWRVXSSRUWKLPVHOIE\WKH
WDEOHWRSUHYHQWKLVIDOOLQJIURPKLVFKDLUEXWLQVSLWHRI
DOOKLVHIIRUWVKHFRXOGQRWUHIUDLQIURPXWWHULQJDGHHS
JURDQZKLFKKRZHYHUZDVORVWDPLGWKHQRLV\IHOLFLWDWLRQV
RIWKHFRPSDQ\
8SRQP\ZRUGFULHGWKHROGPDQ\RXPDNHVKRUWZRUNRI
WKLVNLQGRIDIIDLU$UULYHGKHUHRQO\\HVWHUGD\PRUQLQJ
DQGPDUULHGWRGD\DWWKUHHR
FORFN&RPPHQGPHWRDVDLORU
IRUJRLQJWKHTXLFNZD\WRZRUN
%XWDVNHG'DQJODUVLQDWLPLGWRQHKRZGLG\RXPDQDJH
DERXWWKHRWKHUIRUPDOLWLHVWKHFRQWUDFWWKH
VHWWOHPHQW"
7KHFRQWUDFWDQVZHUHG'DQWHVODXJKLQJO\LWGLGQ
WWDNH
ORQJWRIL[WKDW0HUFHGHVKDVQRIRUWXQH,KDYHQRQHWR
VHWWOHRQKHU6R\RXVHHRXUSDSHUVZHUHTXLFNO\ZULWWHQ
RXWDQGFHUWDLQO\GRQRWFRPHYHU\H[SHQVLYH7KLVMRNH
HOLFLWHGDIUHVKEXUVWRIDSSODXVH
6RWKDWZKDWZHSUHVXPHGWREHPHUHO\WKHEHWURWKDOIHDVW
WXUQVRXWWREHWKHDFWXDOZHGGLQJGLQQHUVDLG'DQJODUV
1RQRDQVZHUHG'DQWHVGRQ
WLPDJLQH,DPJRLQJWRSXW
\RXRIILQWKDWVKDEE\PDQQHU7RPRUURZPRUQLQJ,VWDUWIRU
3DULVIRXUGD\VWRJRDQGWKHVDPHWRUHWXUQZLWKRQHGD\
WRGLVFKDUJHWKHFRPPLVVLRQLQWUXVWHGWRPHLVDOOWKHWLPH
,VKDOOEHDEVHQW,VKDOOEHEDFNKHUHE\WKHILUVWRI
0DUFKDQGRQWKHVHFRQG,JLYHP\UHDOPDUULDJHIHDVW
7KLVSURVSHFWRIIUHVKIHVWLYLW\UHGRXEOHGWKHKLODULW\RI
WKHJXHVWVWRVXFKDGHJUHHWKDWWKHHOGHU'DQWHVZKRDW
WKHFRPPHQFHPHQWRIWKHUHSDVWKDGFRPPHQWHGXSRQWKH
VLOHQFHWKDWSUHYDLOHGQRZIRXQGLWGLIILFXOWDPLGWKH
JHQHUDOGLQRIYRLFHVWRREWDLQDPRPHQW
VWUDQTXLOOLW\LQ
ZKLFKWRGULQNWRWKHKHDOWKDQGSURVSHULW\RIWKHEULGHDQG
EULGHJURRP

46

'DQWHVSHUFHLYLQJWKHDIIHFWLRQDWHHDJHUQHVVRIKLVIDWKHU
UHVSRQGHGE\DORRNRIJUDWHIXOSOHDVXUHZKLOH0HUFHGHV
JODQFHGDWWKHFORFNDQGPDGHDQH[SUHVVLYHJHVWXUHWR
(GPRQG
$URXQGWKHWDEOHUHLJQHGWKDWQRLV\KLODULW\ZKLFKXVXDOO\
SUHYDLOVDWVXFKDWLPHDPRQJSHRSOHVXIILFLHQWO\IUHHIURP
WKHGHPDQGVRIVRFLDOSRVLWLRQQRWWRIHHOWKHWUDPPHOVRI
HWLTXHWWH6XFKDVDWWKHFRPPHQFHPHQWRIWKHUHSDVWKDGQRW
EHHQDEOHWRVHDWWKHPVHOYHVDFFRUGLQJWRWKHLULQFOLQDWLRQ
URVHXQFHUHPRQLRXVO\DQGVRXJKWRXWPRUHDJUHHDEOH
FRPSDQLRQV(YHU\ERG\WDONHGDWRQFHZLWKRXWZDLWLQJIRUD
UHSO\DQGHDFKRQHVHHPHGWREHFRQWHQWHGZLWKH[SUHVVLQJ
KLVRUKHURZQWKRXJKWV
)HUQDQG
VSDOHQHVVDSSHDUHGWRKDYHFRPPXQLFDWHGLWVHOIWR
'DQJODUV$VIRU)HUQDQGKLPVHOIKHVHHPHGWREHHQGXULQJ
WKHWRUWXUHVRIWKHGDPQHGXQDEOHWRUHVWKHZDVDPRQJWKH
ILUVWWRTXLWWKHWDEOHDQGDVWKRXJKVHHNLQJWRDYRLGWKH
KLODULRXVPLUWKWKDWURVHLQVXFKGHDIHQLQJVRXQGVKH
FRQWLQXHGLQXWWHUVLOHQFHWRSDFHWKHIDUWKHUHQGRIWKH
VDORQ
&DGHURXVVHDSSURDFKHGKLPMXVWDV'DQJODUVZKRP)HUQDQG
VHHPHGPRVWDQ[LRXVWRDYRLGKDGMRLQHGKLPLQDFRUQHURI
WKHURRP
8SRQP\ZRUGVDLG&DGHURXVVHIURPZKRVHPLQGWKH
IULHQGO\WUHDWPHQWRI'DQWHVXQLWHGZLWKWKHHIIHFWRIWKH
H[FHOOHQWZLQHKHKDGSDUWDNHQRIKDGHIIDFHGHYHU\IHHOLQJ
RIHQY\RUMHDORXV\DW'DQWHV
JRRGIRUWXQHXSRQP\
ZRUG'DQWHVLVDGRZQULJKWJRRGIHOORZDQGZKHQ,VHHKLP
VLWWLQJWKHUHEHVLGHKLVSUHWW\ZLIHWKDWLVVRVRRQWREH
,FDQQRWKHOSWKLQNLQJLWZRXOGKDYHEHHQDJUHDWSLW\WR
KDYHVHUYHGKLPWKDWWULFN\RXZHUHSODQQLQJ\HVWHUGD\
2KWKHUHZDVQRKDUPPHDQWDQVZHUHG'DQJODUVDWILUVW
,FHUWDLQO\GLGIHHOVRPHZKDWXQHDV\DVWRZKDW)HUQDQG
PLJKWEHWHPSWHGWRGREXWZKHQ,VDZKRZFRPSOHWHO\KHKDG
PDVWHUHGKLVIHHOLQJVHYHQVRIDUDVWREHFRPHRQHRIKLV
ULYDO
VDWWHQGDQWV,NQHZWKHUHZDVQRIXUWKHUFDXVHIRU
DSSUHKHQVLRQ&DGHURXVVHORRNHGIXOODW)HUQDQGKHZDV
JKDVWO\SDOH

47

&HUWDLQO\FRQWLQXHG'DQJODUVWKHVDFULILFHZDVQR
WULIOLQJRQHZKHQWKHEHDXW\RIWKHEULGHLVFRQFHUQHG
8SRQP\VRXOWKDWIXWXUHFDSWDLQRIPLQHLVDOXFN\GRJ
*DG,RQO\ZLVKKHZRXOGOHWPHWDNHKLVSODFH
6KDOOZHQRWVHWIRUWK"DVNHGWKHVZHHWVLOYHU\YRLFHRI
0HUFHGHVWZRR
FORFNKDVMXVWVWUXFNDQG\RXNQRZZHDUH
H[SHFWHGLQDTXDUWHURIDQKRXU
7REHVXUHWREHVXUHFULHG'DQWHVHDJHUO\TXLWWLQJ
WKHWDEOHOHWXVJRGLUHFWO\
+LVZRUGVZHUHUHHFKRHGE\WKHZKROHSDUW\ZLWKYRFLIHURXV
FKHHUV
$WWKLVPRPHQW'DQJODUVZKRKDGEHHQLQFHVVDQWO\REVHUYLQJ
HYHU\FKDQJHLQ)HUQDQG
VORRNDQGPDQQHUVDZKLPVWDJJHU
DQGIDOOEDFNZLWKDQDOPRVWFRQYXOVLYHVSDVPDJDLQVWD
VHDWSODFHGQHDURQHRIWKHRSHQZLQGRZV$WWKHVDPH
LQVWDQWKLVHDUFDXJKWDVRUWRILQGLVWLQFWVRXQGRQWKH
VWDLUVIROORZHGE\WKHPHDVXUHGWUHDGRIVROGLHU\ZLWKWKH
FODQNLQJRIVZRUGVDQGPLOLWDU\DFFRXWUHPHQWVWKHQFDPHD
KXPDQGEX]]DVRIPDQ\YRLFHVVRDVWRGHDGHQHYHQWKH
QRLV\PLUWKRIWKHEULGDOSDUW\DPRQJZKRPDYDJXHIHHOLQJ
RIFXULRVLW\DQGDSSUHKHQVLRQTXHOOHGHYHU\GLVSRVLWLRQWR
WDONDQGDOPRVWLQVWDQWDQHRXVO\WKHPRVWGHDWKOLNH
VWLOOQHVVSUHYDLOHG
7KHVRXQGVGUHZQHDUHU7KUHHEORZVZHUHVWUXFNXSRQWKH
SDQHORIWKHGRRU7KHFRPSDQ\ORRNHGDWHDFKRWKHULQ
FRQVWHUQDWLRQ
,GHPDQGDGPLWWDQFHVDLGDORXGYRLFHRXWVLGHWKHURRP
LQWKHQDPHRIWKHODZ$VQRDWWHPSWZDVPDGHWRSUHYHQW
LWWKHGRRUZDVRSHQHGDQGDPDJLVWUDWHZHDULQJKLV
RIILFLDOVFDUISUHVHQWHGKLPVHOIIROORZHGE\IRXUVROGLHUV
DQGDFRUSRUDO8QHDVLQHVVQRZ\LHOGHGWRWKHPRVWH[WUHPH
GUHDGRQWKHSDUWRIWKRVHSUHVHQW
0D\,YHQWXUHWRLQTXLUHWKHUHDVRQRIWKLVXQH[SHFWHG
YLVLW"VDLG00RUUHODGGUHVVLQJWKHPDJLVWUDWHZKRPKH
HYLGHQWO\NQHZWKHUHLVGRXEWOHVVVRPHPLVWDNHHDVLO\
H[SODLQHG

48

,ILWEHVRUHSOLHGWKHPDJLVWUDWHUHO\XSRQHYHU\
UHSDUDWLRQEHLQJPDGHPHDQZKLOH,DPWKHEHDUHURIDQ
RUGHURIDUUHVWDQGDOWKRXJK,PRVWUHOXFWDQWO\SHUIRUPWKH
WDVNDVVLJQHGPHLWPXVWQHYHUWKHOHVVEHIXOILOOHG:KR
DPRQJWKHSHUVRQVKHUHDVVHPEOHGDQVZHUVWRWKHQDPHRI
(GPRQG'DQWHV"(YHU\H\HZDVWXUQHGWRZDUGVWKH\RXQJPDQ
ZKRVSLWHRIWKHDJLWDWLRQKHFRXOGQRWEXWIHHODGYDQFHG
ZLWKGLJQLW\DQGVDLGLQDILUPYRLFH,DPKHZKDWLV
\RXUSOHDVXUHZLWKPH"
(GPRQG'DQWHVUHSOLHGWKHPDJLVWUDWH,DUUHVW\RXLQ
WKHQDPHRIWKHODZ
0HUHSHDWHG(GPRQGVOLJKWO\FKDQJLQJFRORUDQG
ZKHUHIRUH,SUD\"
,FDQQRWLQIRUP\RXEXW\RXZLOOEHGXO\DFTXDLQWHGZLWK
WKHUHDVRQVWKDWKDYHUHQGHUHGVXFKDVWHSQHFHVVDU\DWWKH
SUHOLPLQDU\H[DPLQDWLRQ
00RUUHOIHOWWKDWIXUWKHUUHVLVWDQFHRUUHPRQVWUDQFHZDV
XVHOHVV+HVDZEHIRUHKLPDQRIILFHUGHOHJDWHGWRHQIRUFH
WKHODZDQGSHUIHFWO\ZHOONQHZWKDWLWZRXOGEHDV
XQDYDLOLQJWRVHHNSLW\IURPDPDJLVWUDWHGHFNHGZLWKKLV
RIILFLDOVFDUIDVWRDGGUHVVDSHWLWLRQWRVRPHFROGPDUEOH
HIILJ\2OG'DQWHVKRZHYHUVSUDQJIRUZDUG7KHUHDUH
VLWXDWLRQVZKLFKWKHKHDUWRIDIDWKHURUDPRWKHUFDQQRWEH
PDGHWRXQGHUVWDQG+HSUD\HGDQGVXSSOLFDWHGLQWHUPVVR
PRYLQJWKDWHYHQWKHRIILFHUZDVWRXFKHGDQGDOWKRXJK
ILUPLQKLVGXW\KHNLQGO\VDLG0\ZRUWK\IULHQGOHWPH
EHJRI\RXWRFDOP\RXUDSSUHKHQVLRQV<RXUVRQKDVSUREDEO\
QHJOHFWHGVRPHSUHVFULEHGIRUPRUDWWHQWLRQLQUHJLVWHULQJ
KLVFDUJRDQGLWLVPRUHWKDQSUREDEOHKHZLOOEHVHWDW
OLEHUW\GLUHFWO\KHKDVJLYHQWKHLQIRUPDWLRQUHTXLUHG
ZKHWKHUWRXFKLQJWKHKHDOWKRIKLVFUHZRUWKHYDOXHRIKLV
IUHLJKW
:KDWLVWKHPHDQLQJRIDOOWKLV"LQTXLUHG&DGHURXVVH
IURZQLQJO\RI'DQJODUVZKRKDGDVVXPHGDQDLURIXWWHU
VXUSULVH
+RZFDQ,WHOO\RX"UHSOLHGKH,DPOLNH\RXUVHOI
XWWHUO\EHZLOGHUHGDWDOOWKDWLVJRLQJRQDQGFDQQRWLQ
WKHOHDVWPDNHRXWZKDWLWLVDERXW&DGHURXVVHWKHQORRNHG

49

DURXQGIRU)HUQDQGEXWKHKDGGLVDSSHDUHG
7KHVFHQHRIWKHSUHYLRXVQLJKWQRZFDPHEDFNWRKLVPLQG
ZLWKVWDUWOLQJFOHDUQHVV7KHSDLQIXOFDWDVWURSKHKHKDG
MXVWZLWQHVVHGDSSHDUHGHIIHFWXDOO\WRKDYHUHQWDZD\WKH
YHLOZKLFKWKHLQWR[LFDWLRQRIWKHHYHQLQJEHIRUHKDGUDLVHG
EHWZHHQKLPVHOIDQGKLVPHPRU\
6RVRVDLGKHLQDKRDUVHDQGFKRNLQJYRLFHWR
'DQJODUVWKLVWKHQ,VXSSRVHLVDSDUWRIWKHWULFN\RX
ZHUHFRQFHUWLQJ\HVWHUGD\"$OO,FDQVD\LVWKDWLILWEH
VR
WLVDQLOOWXUQDQGZHOOGHVHUYHVWREULQJGRXEOHHYLO
RQWKRVHZKRKDYHSURMHFWHGLW
1RQVHQVHUHWXUQHG'DQJODUV,WHOO\RXDJDLQ,KDYH
QRWKLQJZKDWHYHUWRGRZLWKLWEHVLGHV\RXNQRZYHU\ZHOO
WKDW,WRUHWKHSDSHUWRSLHFHV
1R\RXGLGQRWDQVZHUHG&DGHURXVVH\RXPHUHO\WKUHZLW
E\,VDZLWO\LQJLQDFRUQHU
+ROG\RXUWRQJXH\RXIRROZKDWVKRXOG\RXNQRZDERXW
LW"ZK\\RXZHUHGUXQN
:KHUHLV)HUQDQG"LQTXLUHG&DGHURXVVH
+RZGR,NQRZ"UHSOLHG'DQJODUVJRQHDVHYHU\SUXGHQW
PDQRXJKWWREHWRORRNDIWHUKLVRZQDIIDLUVPRVWOLNHO\
1HYHUPLQGZKHUHKHLVOHW\RXDQG,JRDQGVHHZKDWLVWR
EHGRQHIRURXUSRRUIULHQGV
'XULQJWKLVFRQYHUVDWLRQ'DQWHVDIWHUKDYLQJH[FKDQJHGD
FKHHUIXOVKDNHRIWKHKDQGZLWKDOOKLVV\PSDWKL]LQJ
IULHQGVKDGVXUUHQGHUHGKLPVHOIWRWKHRIILFHUVHQWWR
DUUHVWKLPPHUHO\VD\LQJ0DNH\RXUVHOYHVTXLWHHDV\P\
JRRGIHOORZVWKHUHLVVRPHOLWWOHPLVWDNHWRFOHDUXS
WKDW
VDOOGHSHQGXSRQLWDQGYHU\OLNHO\,PD\QRWKDYH
WRJRVRIDUDVWKHSULVRQWRHIIHFWWKDW
2KWREHVXUHUHVSRQGHG'DQJODUVZKRKDGQRZDSSURDFKHG
WKHJURXSQRWKLQJPRUHWKDQDPLVWDNH,IHHOTXLWH
FHUWDLQ
'DQWHVGHVFHQGHGWKHVWDLUFDVHSUHFHGHGE\WKHPDJLVWUDWH

50

DQGIROORZHGE\WKHVROGLHUV$FDUULDJHDZDLWHGKLPDWWKH
GRRUKHJRWLQIROORZHGE\WZRVROGLHUVDQGWKH
PDJLVWUDWHDQGWKHYHKLFOHGURYHRIIWRZDUGV0DUVHLOOHV
$GLHXDGLHXGHDUHVW(GPRQGFULHG0HUFHGHVVWUHWFKLQJ
RXWKHUDUPVWRKLPIURPWKHEDOFRQ\
7KHSULVRQHUKHDUGWKHFU\ZKLFKVRXQGHGOLNHWKHVRERID
EURNHQKHDUWDQGOHDQLQJIURPWKHFRDFKKHFDOOHGRXW
*RRGE\0HUFHGHVZHVKDOOVRRQPHHWDJDLQ7KHQWKH
YHKLFOHGLVDSSHDUHGURXQGRQHRIWKHWXUQLQJVRI)RUW6DLQW
1LFKRODV
:DLWIRUPHKHUHDOORI\RXFULHG00RUUHO,ZLOO
WDNHWKHILUVWFRQYH\DQFH,ILQGDQGKXUU\WR0DUVHLOOHV
ZKHQFH,ZLOOEULQJ\RXZRUGKRZDOOLVJRLQJRQ
7KDW
VULJKWH[FODLPHGDPXOWLWXGHRIYRLFHVJRDQG
UHWXUQDVTXLFNO\DV\RXFDQ
7KLVVHFRQGGHSDUWXUHZDVIROORZHGE\DORQJDQGIHDUIXO
VWDWHRIWHUULILHGVLOHQFHRQWKHSDUWRIWKRVHZKRZHUH
OHIWEHKLQG7KHROGIDWKHUDQG0HUFHGHVUHPDLQHGIRUVRPH
WLPHDSDUWHDFKDEVRUEHGLQJULHIEXWDWOHQJWKWKHWZR
SRRUYLFWLPVRIWKHVDPHEORZUDLVHGWKHLUH\HVDQGZLWKD
VLPXOWDQHRXVEXUVWRIIHHOLQJUXVKHGLQWRHDFKRWKHU
VDUPV
0HDQZKLOH)HUQDQGPDGHKLVDSSHDUDQFHSRXUHGRXWIRU
KLPVHOIDJODVVRIZDWHUZLWKDWUHPEOLQJKDQGWKHQKDVWLO\
VZDOORZLQJLWZHQWWRVLWGRZQDWWKHILUVWYDFDQWSODFH
DQGWKLVZDVE\PHUHFKDQFHSODFHGQH[WWRWKHVHDWRQ
ZKLFKSRRU0HUFHGHVKDGIDOOHQKDOIIDLQWLQJZKHQUHOHDVHG
IURPWKHZDUPDQGDIIHFWLRQDWHHPEUDFHRIROG'DQWHV
,QVWLQFWLYHO\)HUQDQGGUHZEDFNKLVFKDLU
+HLVWKHFDXVHRIDOOWKLVPLVHU\,DPTXLWHVXUHRI
LWZKLVSHUHG&DGHURXVVHZKRKDGQHYHUWDNHQKLVH\HVRII
)HUQDQGWR'DQJODUV
,GRQ
WWKLQNVRDQVZHUHGWKHRWKHUKH
VWRRVWXSLGWR
LPDJLQHVXFKDVFKHPH,RQO\KRSHWKHPLVFKLHIZLOOIDOO
XSRQWKHKHDGRIZKRHYHUZURXJKWLW
<RXGRQ
WPHQWLRQWKRVHZKRDLGHGDQGDEHWWHGWKHGHHG

51

VDLG&DGHURXVVH
6XUHO\DQVZHUHG'DQJODUVRQHFDQQRWEHKHOGUHVSRQVLEOH
IRUHYHU\FKDQFHDUURZVKRWLQWRWKHDLU
<RXFDQLQGHHGZKHQWKHDUURZOLJKWVSRLQWGRZQZDUGRQ
VRPHERG\
VKHDG
0HDQWLPHWKHVXEMHFWRIWKHDUUHVWZDVEHLQJFDQYDVVHGLQ
HYHU\GLIIHUHQWIRUP
:KDWWKLQN\RX'DQJODUVVDLGRQHRIWKHSDUW\WXUQLQJ
WRZDUGVKLPRIWKLVHYHQW"
:K\UHSOLHGKH,WKLQNLWMXVWSRVVLEOH'DQWHVPD\KDYH
EHHQGHWHFWHGZLWKVRPHWULIOLQJDUWLFOHRQERDUGVKLS
FRQVLGHUHGKHUHDVFRQWUDEDQG
%XWKRZFRXOGKHKDYHGRQHVRZLWKRXW\RXUNQRZOHGJH
'DQJODUVVLQFH\RXDUHWKHVKLS
VVXSHUFDUJR"
:K\DVIRUWKDW,FRXOGRQO\NQRZZKDW,ZDVWROG
UHVSHFWLQJWKHPHUFKDQGLVHZLWKZKLFKWKHYHVVHOZDVODGHQ
,NQRZVKHZDVORDGHGZLWKFRWWRQDQGWKDWVKHWRRNLQKHU
IUHLJKWDW$OH[DQGULDIURP3DVWUHW
VZDUHKRXVHDQGDW
6P\UQDIURP3DVFDO
VWKDWLVDOO,ZDVREOLJHGWRNQRZDQG
,EHJ,PD\QRWEHDVNHGIRUDQ\IXUWKHUSDUWLFXODUV
1RZ,UHFROOHFWVDLGWKHDIIOLFWHGROGIDWKHUP\SRRU
ER\WROGPH\HVWHUGD\KHKDGJRWDVPDOOFDVHRIFRIIHHDQG
DQRWKHURIWREDFFRIRUPH
7KHUH\RXVHHH[FODLPHG'DQJODUV1RZWKHPLVFKLHILV
RXWGHSHQGXSRQLWWKHFXVWRPKRXVHSHRSOHZHQWUXPPDJLQJ
DERXWWKHVKLSLQRXUDEVHQFHDQGGLVFRYHUHGSRRU'DQWHV

KLGGHQWUHDVXUHV
0HUFHGHVKRZHYHUSDLGQRKHHGWRWKLVH[SODQDWLRQRIKHU
ORYHU
VDUUHVW+HUJULHIZKLFKVKHKDGKLWKHUWRWULHGWR
UHVWUDLQQRZEXUVWRXWLQDYLROHQWILWRIK\VWHULFDO
VREELQJ
&RPHFRPHVDLGWKHROGPDQEHFRPIRUWHGP\SRRU
FKLOGWKHUHLVVWLOOKRSH

52

+RSHUHSHDWHG'DQJODUV
+RSHIDLQWO\PXUPXUHG)HUQDQGEXWWKHZRUGVHHPHGWRGLH
DZD\RQKLVSDOHDJLWDWHGOLSVDQGDFRQYXOVLYHVSDVP
SDVVHGRYHUKLVFRXQWHQDQFH
*RRGQHZVJRRGQHZVVKRXWHGIRUWKRQHRIWKHSDUW\
VWDWLRQHGLQWKHEDOFRQ\RQWKHORRNRXW+HUHFRPHV0
0RUUHOEDFN1RGRXEWQRZZHVKDOOKHDUWKDWRXUIULHQGLV
UHOHDVHG
0HUFHGHVDQGWKHROGPDQUXVKHGWRPHHWWKHVKLSRZQHUDQG
JUHHWHGKLPDWWKHGRRU+HZDVYHU\SDOH
:KDWQHZV"H[FODLPHGDJHQHUDOEXUVWRIYRLFHV
$ODVP\IULHQGVUHSOLHG00RUUHOZLWKDPRXUQIXOVKDNH
RIKLVKHDGWKHWKLQJKDVDVVXPHGDPRUHVHULRXVDVSHFW
WKDQ,H[SHFWHG
2KLQGHHGLQGHHGVLUKHLVLQQRFHQWVREEHGIRUWK
0HUFHGHV
7KDW,EHOLHYHDQVZHUHG00RUUHOEXWVWLOOKHLV
FKDUJHG
:LWKZKDW"LQTXLUHGWKHHOGHU'DQWHV
:LWKEHLQJDQDJHQWRIWKH%RQDSDUWLVWIDFWLRQ0DQ\RI
RXUUHDGHUVPD\EHDEOHWRUHFROOHFWKRZIRUPLGDEOHVXFKDQ
DFFXVDWLRQEHFDPHLQWKHSHULRGDWZKLFKRXUVWRU\LVGDWHG
$GHVSDLULQJFU\HVFDSHGWKHSDOHOLSVRI0HUFHGHVWKHROG
PDQVDQNLQWRDFKDLU
$K'DQJODUVZKLVSHUHG&DGHURXVVH\RXKDYHGHFHLYHGPH
WKHWULFN\RXVSRNHRIODVWQLJKWKDVEHHQSOD\HGEXW,
FDQQRWVXIIHUDSRRUROGPDQRUDQLQQRFHQWJLUOWRGLHRI
JULHIWKURXJK\RXUIDXOW,DPGHWHUPLQHGWRWHOOWKHPDOO
DERXWLW
%HVLOHQW\RXVLPSOHWRQFULHG'DQJODUVJUDVSLQJKLPE\
WKHDUPRU,ZLOOQRWDQVZHUHYHQIRU\RXURZQVDIHW\:KR

53

FDQWHOOZKHWKHU'DQWHVEHLQQRFHQWRUJXLOW\"7KHYHVVHO
GLGWRXFKDW(OEDZKHUHKHTXLWWHGLWDQGSDVVHGDZKROH
GD\LQWKHLVODQG1RZVKRXOGDQ\OHWWHUVRURWKHU
GRFXPHQWVRIDFRPSURPLVLQJFKDUDFWHUEHIRXQGXSRQKLP
ZLOOLWQRWEHWDNHQIRUJUDQWHGWKDWDOOZKRXSKROGKLPDUH
KLVDFFRPSOLFHV"
:LWKWKHUDSLGLQVWLQFWRIVHOILVKQHVV&DGHURXVVHUHDGLO\
SHUFHLYHGWKHVROLGLW\RIWKLVPRGHRIUHDVRQLQJKHJD]HG
GRXEWIXOO\ZLVWIXOO\RQ'DQJODUVDQGWKHQFDXWLRQ
VXSSODQWHGJHQHURVLW\
6XSSRVHZHZDLWDZKLOHDQGVHHZKDWFRPHVRILWVDLG
KHFDVWLQJDEHZLOGHUHGORRNRQKLVFRPSDQLRQ
7REHVXUHDQVZHUHG'DQJODUV/HWXVZDLWE\DOOPHDQV
,IKHEHLQQRFHQWRIFRXUVHKHZLOOEHVHWDWOLEHUW\LI
JXLOW\ZK\LWLVQRXVHLQYROYLQJRXUVHOYHVLQD
FRQVSLUDF\
/HWXVJRWKHQ,FDQQRWVWD\KHUHDQ\ORQJHU
:LWKDOOP\KHDUWUHSOLHG'DQJODUVSOHDVHGWRILQGWKH
RWKHUVRWUDFWDEOH/HWXVWDNHRXUVHOYHVRXWRIWKHZD\
DQGOHDYHWKLQJVIRUWKHSUHVHQWWRWDNHWKHLUFRXUVH
$IWHUWKHLUGHSDUWXUH)HUQDQGZKRKDGQRZDJDLQEHFRPHWKH
IULHQGDQGSURWHFWRURI0HUFHGHVOHGWKHJLUOWRKHUKRPH
ZKLOHWKHIULHQGVRI'DQWHVFRQGXFWHGWKHQRZKDOIIDLQWLQJ
PDQEDFNWRKLVDERGH
7KHUXPRURI(GPRQGDUUHVWDVD%RQDSDUWLVWDJHQWZDVQRW
VORZLQFLUFXODWLQJWKURXJKRXWWKHFLW\
&RXOG\RXHYHUKDYHFUHGLWHGVXFKDWKLQJP\GHDU
'DQJODUV"DVNHG00RUUHODVRQKLVUHWXUQWRWKHSRUW
IRUWKHSXUSRVHRIJOHDQLQJIUHVKWLGLQJVRI'DQWHVIURP0
GH9LOOHIRUWWKHDVVLVWDQWSURFXUHXUKHRYHUWRRNKLV
VXSHUFDUJRDQG&DGHURXVVH&RXOG\RXKDYHEHOLHYHGVXFKD
WKLQJSRVVLEOH"
:K\\RXNQRZ,WROG\RXUHSOLHG'DQJODUVWKDW,
FRQVLGHUHGWKHFLUFXPVWDQFHRIKLVKDYLQJDQFKRUHGDWWKH
,VODQGRI(OEDDVDYHU\VXVSLFLRXVFLUFXPVWDQFH

54

$QGGLG\RXPHQWLRQWKHVHVXVSLFLRQVWRDQ\SHUVRQEHVLGH
P\VHOI"
&HUWDLQO\QRWUHWXUQHG'DQJODUV7KHQDGGHGLQDORZ
ZKLVSHU<RXXQGHUVWDQGWKDWRQDFFRXQWRI\RXUXQFOH0
3ROLFDU0RUUHOZKRVHUYHGXQGHUWKHRWKHUJRYHUQPHQWDQG
ZKRGRHVQRWDOWRJHWKHUFRQFHDOZKDWKHWKLQNVRQWKH
VXEMHFW\RXDUHVWURQJO\VXVSHFWHGRIUHJUHWWLQJWKH
DEGLFDWLRQRI1DSROHRQ,VKRXOGKDYHIHDUHGWRLQMXUHERWK
(GPRQGDQG\RXUVHOIKDG,GLYXOJHGP\RZQDSSUHKHQVLRQVWR
DVRXO,DPWRRZHOODZDUHWKDWWKRXJKDVXERUGLQDWHOLNH
P\VHOILVERXQGWRDFTXDLQWWKHVKLSRZQHUZLWKHYHU\WKLQJ
WKDWRFFXUVWKHUHDUHPDQ\WKLQJVKHRXJKWPRVWFDUHIXOO\
WRFRQFHDOIURPDOOHOVH

7LVZHOO'DQJODUV
WLVZHOOUHSOLHG00RUUHO<RX
DUHDZRUWK\IHOORZDQG,KDGDOUHDG\WKRXJKWRI\RXU
LQWHUHVWVLQWKHHYHQWRISRRU(GPRQGKDYLQJEHFRPHFDSWDLQ
RIWKH3KDUDRQ
,VLWSRVVLEOH\RXZHUHVRNLQG"
<HVLQGHHG,KDGSUHYLRXVO\LQTXLUHGRI'DQWHVZKDWZDV
KLVRSLQLRQRI\RXDQGLIKHVKRXOGKDYHDQ\UHOXFWDQFHWR
FRQWLQXH\RXLQ\RXUSRVWIRUVRPHKRZ,KDYHSHUFHLYHGD
VRUWRIFRROQHVVEHWZHHQ\RX
$QGZKDWZDVKLVUHSO\"
7KDWKHFHUWDLQO\GLGWKLQNKHKDGJLYHQ\RXRIIHQFHLQDQ
DIIDLUZKLFKKHPHUHO\UHIHUUHGWRZLWKRXWHQWHULQJLQWR
SDUWLFXODUVEXWWKDWZKRHYHUSRVVHVVHGWKHJRRGRSLQLRQDQG
FRQILGHQFHRIWKHVKLS
VRZQHUZRXOGKDYHKLVSUHIHUHQFH
DOVR
7KHK\SRFULWHPXUPXUHG'DQJODUV
3RRU'DQWHVVDLG&DGHURXVVH1RRQHFDQGHQ\KLVEHLQJD
QREOHKHDUWHG\RXQJIHOORZ
%XWPHDQZKLOHFRQWLQXHG00RUUHOKHUHLVWKH3KDUDRQ
ZLWKRXWDFDSWDLQ

55

2KUHSOLHG'DQJODUVVLQFHZHFDQQRWOHDYHWKLVSRUWIRU
WKHQH[WWKUHHPRQWKVOHWXVKRSHWKDWHUHWKHH[SLUDWLRQ
RIWKDWSHULRG'DQWHVZLOOEHVHWDWOLEHUW\
1RGRXEWEXWLQWKHPHDQWLPH"
,DPHQWLUHO\DW\RXUVHUYLFH00RUUHODQVZHUHG
'DQJODUV<RXNQRZWKDW,DPDVFDSDEOHRIPDQDJLQJDVKLS
DVWKHPRVWH[SHULHQFHGFDSWDLQLQWKHVHUYLFHDQGLWZLOO
EHVRIDUDGYDQWDJHRXVWR\RXWRDFFHSWP\VHUYLFHVWKDW
XSRQ(GPRQG
VUHOHDVHIURPSULVRQQRIXUWKHUFKDQJHZLOOEH
UHTXLVLWHRQERDUGWKH3KDUDRQWKDQIRU'DQWHVDQGP\VHOI
HDFKWRUHVXPHRXUUHVSHFWLYHSRVWV
7KDQNV'DQJODUVWKDWZLOOVPRRWKRYHUDOOGLIILFXOWLHV
,IXOO\DXWKRUL]H\RXDWRQFHWRDVVXPHWKHFRPPDQGRIWKH
3KDUDRQDQGORRNFDUHIXOO\WRWKHXQORDGLQJRIKHUIUHLJKW
3ULYDWHPLVIRUWXQHVPXVWQHYHUEHDOORZHGWRLQWHUIHUHZLWK
EXVLQHVV
%HHDV\RQWKDWVFRUH00RUUHOEXWGR\RXWKLQNZHVKDOO
EHSHUPLWWHGWRVHHRXUSRRU(GPRQG"
,ZLOOOHW\RXNQRZWKDWGLUHFWO\,KDYHVHHQ0GH
9LOOHIRUWZKRP,VKDOOHQGHDYRUWRLQWHUHVWLQ(GPRQG
V
IDYRU,DPDZDUHKHLVDIXULRXVUR\DOLVWEXWLQVSLWHRI
WKDWDQGRIKLVEHLQJNLQJ
VDWWRUQH\KHLVDPDQOLNH
RXUVHOYHVDQG,IDQF\QRWDEDGVRUWRIRQH
3HUKDSVQRWUHSOLHG'DQJODUVEXW,KHDUWKDWKHLV
DPELWLRQVDQGWKDW
VUDWKHUDJDLQVWKLP
:HOOZHOOUHWXUQHG00RUUHOZHVKDOOVHH%XWQRZ
KDVWHQRQERDUG,ZLOOMRLQ\RXWKHUHHUHORQJ6RVD\LQJ
WKHZRUWK\VKLSRZQHUTXLWWHGWKHWZRDOOLHVDQGSURFHHGHG
LQWKHGLUHFWLRQRIWKH3DODLVGH-XVWLFH
<RXVHHVDLG'DQJODUVDGGUHVVLQJ&DGHURXVVHWKHWXUQ
WKLQJVKDYHWDNHQ'R\RXVWLOOIHHODQ\GHVLUHWRVWDQGXS
LQKLVGHIHQFH"
1RWWKHVOLJKWHVWEXW\HWLWVHHPVWRPHDVKRFNLQJWKLQJ
WKDWDPHUHMRNHVKRXOGOHDGWRVXFKFRQVHTXHQFHV

56

%XWZKRSHUSHWUDWHGWKDWMRNHOHWPHDVN"QHLWKHU\RXQRU
P\VHOIEXW)HUQDQG\RXNQHZYHU\ZHOOWKDW,WKUHZWKH
SDSHULQWRDFRUQHURIWKHURRPLQGHHG,IDQFLHG,KDG
GHVWUR\HGLW
2KQRUHSOLHG&DGHURXVVHWKDW,FDQDQVZHUIRU\RX
GLGQRW,RQO\ZLVK,FRXOGVHHLWQRZDVSODLQO\DV,VDZ
LWO\LQJDOOFUXVKHGDQGFUXPSOHGLQDFRUQHURIWKHDUERU
:HOOWKHQLI\RXGLGGHSHQGXSRQLW)HUQDQGSLFNHGLW
XSDQGHLWKHUFRSLHGLWRUFDXVHGLWWREHFRSLHGSHUKDSV
HYHQKHGLGQRWWDNHWKHWURXEOHRIUHFRS\LQJLW$QGQRZ,
WKLQNRILWE\+HDYHQVKHPD\KDYHVHQWWKHOHWWHULWVHOI
)RUWXQDWHO\IRUPHWKHKDQGZULWLQJZDVGLVJXLVHG
7KHQ\RXZHUHDZDUHRI'DQWHVEHLQJHQJDJHGLQD
FRQVSLUDF\"
1RW,$V,EHIRUHVDLG,WKRXJKWWKHZKROHWKLQJZDVD
MRNHQRWKLQJPRUH,WVHHPVKRZHYHUWKDW,KDYH
XQFRQVFLRXVO\VWXPEOHGXSRQWKHWUXWK
6WLOODUJXHG&DGHURXVVH,ZRXOGJLYHDJUHDWGHDOLI
QRWKLQJRIWKHNLQGKDGKDSSHQHGRUDWOHDVWWKDW,KDG
KDGQRKDQGLQLW<RXZLOOVHH'DQJODUVWKDWLWZLOOWXUQ
RXWDQXQOXFN\MREIRUERWKRIXV
1RQVHQVH,IDQ\KDUPFRPHRILWLWVKRXOGIDOORQWKH
JXLOW\SHUVRQDQGWKDW\RXNQRZLV)HUQDQG+RZFDQZHEH
LPSOLFDWHGLQDQ\ZD\"$OOZHKDYHJRWWRGRLVWRNHHSRXU
RZQFRXQVHODQGUHPDLQSHUIHFWO\TXLHWQRWEUHDWKLQJD
ZRUGWRDQ\OLYLQJVRXODQG\RXZLOOVHHWKDWWKHVWRUP
ZLOOSDVVDZD\ZLWKRXWLQWKHOHDVWDIIHFWLQJXV
$PHQUHVSRQGHG&DGHURXVVHZDYLQJKLVKDQGLQWRNHQRI
DGLHXWR'DQJODUVDQGEHQGLQJKLVVWHSVWRZDUGVWKH$OOHHV
GH0HLOODQPRYLQJKLVKHDGWRDQGIURDQGPXWWHULQJDVKH
ZHQWDIWHUWKHPDQQHURIRQHZKRVHPLQGZDVRYHUFKDUJHG
ZLWKRQHDEVRUELQJLGHD
6RIDUWKHQVDLG'DQJODUVPHQWDOO\DOOKDVJRQHDV,
ZRXOGKDYHLW,DPWHPSRUDULO\FRPPDQGHURIWKH3KDUDRQ
ZLWKWKHFHUWDLQW\RIEHLQJSHUPDQHQWO\VRLIWKDWIRRORI
D&DGHURXVVHFDQEHSHUVXDGHGWRKROGKLVWRQJXH0\RQO\

57

IHDULVWKHFKDQFHRI'DQWHVEHLQJUHOHDVHG%XWWKHUHKH
LVLQWKHKDQGVRI-XVWLFHDQGDGGHGKHZLWKDVPLOH
VKHZLOOWDNHKHURZQ6RVD\LQJKHOHDSHGLQWRDERDW
GHVLULQJWREHURZHGRQERDUGWKH3KDUDRQZKHUH00RUUHO
KDGDJUHHGWRPHHWKLP

&KDSWHU
7KH'HSXW\3URFXUHXUGX5RL
,QRQHRIWKHDULVWRFUDWLFPDQVLRQVEXLOWE\3XJHWLQWKH
5XHGX*UDQG&RXUVRSSRVLWHWKH0HGXVDIRXQWDLQDVHFRQG
PDUULDJHIHDVWZDVEHLQJFHOHEUDWHGDOPRVWDWWKHVDPHKRXU
ZLWKWKHQXSWLDOUHSDVWJLYHQE\'DQWHV,QWKLVFDVH
KRZHYHUDOWKRXJKWKHRFFDVLRQRIWKHHQWHUWDLQPHQWZDV
VLPLODUWKHFRPSDQ\ZDVVWULNLQJO\GLVVLPLODU,QVWHDGRID
UXGHPL[WXUHRIVDLORUVVROGLHUVDQGWKRVHEHORQJLQJWR
WKHKXPEOHVWJUDGHRIOLIHWKHSUHVHQWDVVHPEO\ZDV
FRPSRVHGRIWKHYHU\IORZHURI0DUVHLOOHVVRFLHW\
PDJLVWUDWHVZKRKDGUHVLJQHGWKHLURIILFHGXULQJWKH
XVXUSHU
VUHLJQRIILFHUVZKRKDGGHVHUWHGIURPWKHLPSHULDO
DUP\DQGMRLQHGIRUFHVZLWK&RQGHDQG\RXQJHUPHPEHUVRI
IDPLOLHVEURXJKWXSWRKDWHDQGH[HFUDWHWKHPDQZKRPILYH
\HDUVRIH[LOHZRXOGFRQYHUWLQWRDPDUW\UDQGILIWHHQRI
UHVWRUDWLRQHOHYDWHWRWKHUDQNRIDJRG
7KHJXHVWVZHUHVWLOODWWDEOHDQGWKHKHDWHGDQGHQHUJHWLF
FRQYHUVDWLRQWKDWSUHYDLOHGEHWUD\HGWKHYLROHQWDQG
YLQGLFWLYHSDVVLRQVWKDWWKHQDJLWDWHGHDFKGZHOOHURIWKH
6RXWKZKHUHXQKDSSLO\IRUILYHFHQWXULHVUHOLJLRXVVWULIH
KDGORQJJLYHQLQFUHDVHGELWWHUQHVVWRWKHYLROHQFHRISDUW\
IHHOLQJ
7KHHPSHURUQRZNLQJRIWKHSHWW\,VODQGRI(OEDDIWHU
KDYLQJKHOGVRYHUHLJQVZD\RYHURQHKDOIRIWKHZRUOG
FRXQWLQJDVKLVVXEMHFWVDVPDOOSRSXODWLRQRIILYHRUVL[
WKRXVDQGVRXOVDIWHUKDYLQJEHHQDFFXVWRPHGWRKHDUWKH
9LYH1DSROHRQVRIDKXQGUHGDQGWZHQW\PLOOLRQVRIKXPDQ
EHLQJVXWWHUHGLQWHQGLIIHUHQWODQJXDJHVZDVORRNHG
XSRQKHUHDVDUXLQHGPDQVHSDUDWHGIRUHYHUIURPDQ\IUHVK
FRQQHFWLRQZLWK)UDQFHRUFODLPWRKHUWKURQH
7KHPDJLVWUDWHVIUHHO\GLVFXVVHGWKHLUSROLWLFDOYLHZVWKH

58

PLOLWDU\SDUWRIWKHFRPSDQ\WDONHGXQUHVHUYHGO\RI0RVFRZ
DQG/HLSVLFZKLOHWKHZRPHQFRPPHQWHGRQWKHGLYRUFHRI
-RVHSKLQH,WZDVQRWRYHUWKHGRZQIDOORIWKHPDQEXWRYHU
WKHGHIHDWRIWKH1DSROHRQLFLGHDWKDWWKH\UHMRLFHGDQG
LQWKLVWKH\IRUHVDZIRUWKHPVHOYHVWKHEULJKWDQGFKHHULQJ
SURVSHFWRIDUHYLYLILHGSROLWLFDOH[LVWHQFH
$QROGPDQGHFRUDWHGZLWKWKHFURVVRI6DLQW/RXLVQRZ
URVHDQGSURSRVHGWKHKHDOWKRI.LQJ/RXLV;9,,,,WZDVWKH
0DUTXLVGH6DLQW0HUDQ7KLVWRDVWUHFDOOLQJDWRQFHWKH
SDWLHQWH[LOHRI+DUWZHOODQGWKHSHDFHORYLQJ.LQJRI
)UDQFHH[FLWHGXQLYHUVDOHQWKXVLDVPJODVVHVZHUHHOHYDWHG
LQWKHDLUDO
$QJODLVDQGWKHODGLHVVQDWFKLQJWKHLU
ERXTXHWVIURPWKHLUIDLUERVRPVVWUHZHGWKHWDEOHZLWK
WKHLUIORUDOWUHDVXUHV,QDZRUGDQDOPRVWSRHWLFDOIHUYRU
SUHYDLOHG
$KVDLGWKH0DUTXLVHGH6DLQW0HUDQDZRPDQZLWKD
VWHUQIRUELGGLQJH\HWKRXJKVWLOOQREOHDQGGLVWLQJXLVKHG
LQDSSHDUDQFHGHVSLWHKHUILIW\\HDUVDKWKHVH
UHYROXWLRQLVWVZKRKDYHGULYHQXVIURPWKRVHYHU\
SRVVHVVLRQVWKH\DIWHUZDUGVSXUFKDVHGIRUDPHUHWULIOH
GXULQJWKH5HLJQRI7HUURUZRXOGEHFRPSHOOHGWRRZQZHUH
WKH\KHUHWKDWDOOWUXHGHYRWLRQZDVRQRXUVLGHVLQFHZH
ZHUHFRQWHQWWRIROORZWKHIRUWXQHVRIDIDOOLQJPRQDUFK
ZKLOHWKH\RQWKHFRQWUDU\PDGHWKHLUIRUWXQHE\
ZRUVKLSSLQJWKHULVLQJVXQ\HV\HVWKH\FRXOGQRWKHOS
DGPLWWLQJWKDWWKHNLQJIRUZKRPZHVDFULILFHGUDQN
ZHDOWKDQGVWDWLRQZDVWUXO\RXUC/RXLVWKHZHOOEHORYHG

ZKLOHWKHLUZUHWFKHGXVXUSHUKLVEHHQDQGHYHUZLOOEHWR
WKHPWKHLUHYLOJHQLXVWKHLUC1DSROHRQWKHDFFXUVHG
$P,
QRWULJKW9LOOHIRUW"
,EHJ\RXUSDUGRQPDGDPH,UHDOO\PXVWSUD\\RXWRH[FXVH
PHEXWLQWUXWK,ZDVQRWDWWHQGLQJWRWKH
FRQYHUVDWLRQ
0DUTXLVHPDUTXLVHLQWHUSRVHGWKHROGQREOHPDQZKRKDG
SURSRVHGWKHWRDVWOHWWKH\RXQJSHRSOHDORQHOHWPHWHOO
\RXRQRQH
VZHGGLQJGD\WKHUHDUHPRUHDJUHHDEOHVXEMHFWV
RIFRQYHUVDWLRQWKDQGU\SROLWLFV
1HYHUPLQGGHDUHVWPRWKHUVDLGD\RXQJDQGORYHO\JLUO
ZLWKDSURIXVLRQRIOLJKWEURZQKDLUDQGH\HVWKDWVHHPHG

59

WRIORDWLQOLTXLGFU\VWDO
WLVDOOP\IDXOWIRUVHL]LQJ
XSRQ0GH9LOOHIRUWVRDVWRSUHYHQWKLVOLVWHQLQJWRZKDW
\RXVDLG%XWWKHUHQRZWDNHKLPKHLV\RXURZQIRUDV
ORQJDV\RXOLNH09LOOHIRUW,EHJWRUHPLQG\RXP\
PRWKHUVSHDNVWR\RX
,IWKHPDUTXLVHZLOOGHLJQWRUHSHDWWKHZRUGV,EXW
LPSHUIHFWO\FDXJKW,VKDOOEHGHOLJKWHGWRDQVZHUVDLG0
GH9LOOHIRUW
1HYHUPLQG5HQHHUHSOLHGWKHPDUTXLVHZLWKDORRNRI
WHQGHUQHVVWKDWVHHPHGRXWRINHHSLQJZLWKKHUKDUVKGU\
IHDWXUHVEXWKRZHYHUDOORWKHUIHHOLQJVPD\EHZLWKHUHGLQ
DZRPDQ
VQDWXUHWKHUHLVDOZD\VRQHEULJKWVPLOLQJVSRWLQ
WKHGHVHUWRIKHUKHDUWDQGWKDWLVWKHVKULQHRIPDWHUQDO
ORYH,IRUJLYH\RX:KDW,ZDVVD\LQJ9LOOHIRUWZDV
WKDWWKH%RQDSDUWLVWVKDGQRWRXUVLQFHULW\HQWKXVLDVPRU
GHYRWLRQ
7KH\KDGKRZHYHUZKDWVXSSOLHGWKHSODFHRIWKRVHILQH
TXDOLWLHVUHSOLHGWKH\RXQJPDQDQGWKDWZDVIDQDWLFLVP
1DSROHRQLVWKH0DKRPHWRIWKH:HVWDQGLVZRUVKLSSHGE\
KLVFRPPRQSODFHEXWDPELWLRQVIROORZHUVQRWRQO\DVD
OHDGHUDQGODZJLYHUEXWDOVRDVWKHSHUVRQLILFDWLRQRI
HTXDOLW\
+HFULHGWKHPDUTXLVH1DSROHRQWKHW\SHRIHTXDOLW\
)RUPHUF\
VVDNHWKHQZKDWZRXOG\RXFDOO5REHVSLHUUH"
&RPHFRPHGRQRWVWULSWKHODWWHURIKLVMXVWULJKWVWR
EHVWRZWKHPRQWKH&RUVLFDQZKRWRP\PLQGKDVXVXUSHG
TXLWHHQRXJK
1D\PDGDPH,ZRXOGSODFHHDFKRIWKHVHKHURHVRQKLV
ULJKWSHGHVWDOWKDWRI5REHVSLHUUHRQKLVVFDIIROGLQWKH
3ODFH/RXLV4XLQ]HWKDWRI1DSROHRQRQWKHFROXPQRIWKH
3ODFH9HQGRPH7KHRQO\GLIIHUHQFHFRQVLVWVLQWKHRSSRVLWH
FKDUDFWHURIWKHHTXDOLW\DGYRFDWHGE\WKHVHWZRPHQRQHLV
WKHHTXDOLW\WKDWHOHYDWHVWKHRWKHULVWKHHTXDOLW\WKDW
GHJUDGHVRQHEULQJVDNLQJZLWKLQUHDFKRIWKHJXLOORWLQH
WKHRWKHUHOHYDWHVWKHSHRSOHWRDOHYHOZLWKWKHWKURQH
2EVHUYHVDLG9LOOHIRUWVPLOLQJ,GRQRWPHDQWRGHQ\
WKDWERWKWKHVHPHQZHUHUHYROXWLRQDU\VFRXQGUHOVDQGWKDW
WKHWK7KHUPLGRUDQGWKHWKRI$SULOLQWKH\HDU
ZHUHOXFN\GD\VIRU)UDQFHZRUWK\RIEHLQJJUDWHIXOO\

60

UHPHPEHUHGE\HYHU\IULHQGWRPRQDUFK\DQGFLYLORUGHUDQG
WKDWH[SODLQVKRZLWFRPHVWRSDVVWKDWIDOOHQDV,WUXVW
KHLVIRUHYHU1DSROHRQKDVVWLOOUHWDLQHGDWUDLQRI
SDUDVLWLFDOVDWHOOLWHV6WLOOPDUTXLVHLWKDVEHHQVRZLWK
RWKHUXVXUSHUV&URPZHOOIRULQVWDQFHZKRZDVQRWKDOI
VREDGDV1DSROHRQKDGKLVSDUWLVDQVDQGDGYRFDWHV
'R\RXNQRZ9LOOHIRUWWKDW\RXDUHWDONLQJLQDPRVW
GUHDGIXOO\UHYROXWLRQDU\VWUDLQ"%XW,H[FXVHLWLWLV
LPSRVVLEOHWRH[SHFWWKHVRQRID*LURQGLQWREHIUHHIURPD
VPDOOVSLFHRIWKHROGOHDYHQ$GHHSFULPVRQVXIIXVHGWKH
FRXQWHQDQFHRI9LOOHIRUW

7LVWUXHPDGDPHDQVZHUHGKHWKDWP\IDWKHUZDVD
*LURQGLQEXWKHZDVQRWDPRQJWKHQXPEHURIWKRVHZKRYRWHG
IRUWKHNLQJ
VGHDWKKHZDVDQHTXDOVXIIHUHUZLWK\RXUVHOI
GXULQJWKH5HLJQRI7HUURUDQGKDGZHOOQLJKORVWKLVKHDG
RQWKHVDPHVFDIIROGRQZKLFK\RXUIDWKHUSHULVKHG
7UXHUHSOLHGWKHPDUTXLVHZLWKRXWZLQFLQJLQWKH
VOLJKWHVWGHJUHHDWWKHWUDJLFUHPHPEUDQFHWKXVFDOOHGXS
EXWEHDULQPLQGLI\RXSOHDVHWKDWRXUUHVSHFWLYH
SDUHQWVXQGHUZHQWSHUVHFXWLRQDQGSURVFULSWLRQIURP
GLDPHWULFDOO\RSSRVLWHSULQFLSOHVLQSURRIRIZKLFK,PD\
UHPDUNWKDWZKLOHP\IDPLO\UHPDLQHGDPRQJWKHVWDQFKHVW
DGKHUHQWVRIWKHH[LOHGSULQFHV\RXUIDWKHUORVWQRWLPHLQ
MRLQLQJWKHQHZJRYHUQPHQWDQGWKDWZKLOHWKH&LWL]HQ
1RLUWLHUZDVD*LURQGLQWKH&RXQW1RLUWLHUEHFDPHD
VHQDWRU
'HDUPRWKHULQWHUSRVHG5HQHH\RXNQRZYHU\ZHOOLWZDV
DJUHHGWKDWDOOWKHVHGLVDJUHHDEOHUHPLQLVFHQFHVVKRXOG
IRUHYHUEHODLGDVLGH
6XIIHUPHDOVRPDGDPHUHSOLHG9LOOHIRUWWRDGGP\
HDUQHVWUHTXHVWWR0DGHPRLVHOOHGH6DLQW0HUDQ
VWKDW\RX
ZLOONLQGO\DOORZWKHYHLORIREOLYLRQWRFRYHUDQGFRQFHDO
WKHSDVW:KDWDYDLOVUHFULPLQDWLRQRYHUPDWWHUVZKROO\SDVW
UHFDOO")RUP\RZQSDUW,KDYHODLGDVLGHHYHQWKHQDPHRI
P\IDWKHUDQGDOWRJHWKHUGLVRZQKLVSROLWLFDOSULQFLSOHV
+HZDVQD\SUREDEO\PD\VWLOOEHD%RQDSDUWLVWDQG
LVFDOOHG1RLUWLHU,RQWKHFRQWUDU\DPDVWDQFK
UR\DOLVWDQGVW\OHP\VHOIGH9LOOHIRUW/HWZKDWPD\UHPDLQ
RIUHYROXWLRQDU\VDSH[KDXVWLWVHOIDQGGLHDZD\ZLWKWKH

61

ROGWUXQNDQGFRQGHVFHQGRQO\WRUHJDUGWKH\RXQJVKRRW
ZKLFKKDVVWDUWHGXSDWDGLVWDQFHIURPWKHSDUHQWWUHH
ZLWKRXWKDYLQJWKHSRZHUDQ\PRUHWKDQWKHZLVKWR
VHSDUDWHHQWLUHO\IURPWKHVWRFNIURPZKLFKLWVSUXQJ
%UDYR9LOOHIRUWFULHGWKHPDUTXLVH[FHOOHQWO\ZHOO
VDLG&RPHQRZ,KDYHKRSHVRIREWDLQLQJZKDW,KDYHEHHQ
IRU\HDUVHQGHDYRULQJWRSHUVXDGHWKHPDUTXLVHWRSURPLVH
QDPHO\DSHUIHFWDPQHVW\DQGIRUJHWIXOQHVVRIWKHSDVW
:LWKDOOP\KHDUWUHSOLHGWKHPDUTXLVHOHWWKHSDVWEH
IRUHYHUIRUJRWWHQ,SURPLVH\RXLWDIIRUGVPHDVOLWWOH
SOHDVXUHWRUHYLYHLWDVLWGRHV\RX$OO,DVNLVWKDW
9LOOHIRUWZLOOEHILUPDQGLQIOH[LEOHIRUWKHIXWXUHLQKLV
SROLWLFDOSULQFLSOHV5HPHPEHUDOVR9LOOHIRUWWKDWZH
KDYHSOHGJHGRXUVHOYHVWRKLVPDMHVW\IRU\RXUIHDOW\DQG
VWULFWOR\DOW\DQGWKDWDWRXUUHFRPPHQGDWLRQWKHNLQJ
FRQVHQWHGWRIRUJHWWKHSDVWDV,GR DQGKHUHVKH
H[WHQGHGWRKLPKHUKDQG DV,QRZGRDW\RXUHQWUHDW\
%XWEHDULQPLQGWKDWVKRXOGWKHUHIDOOLQ\RXUZD\DQ\RQH
JXLOW\RIFRQVSLULQJDJDLQVWWKHJRYHUQPHQW\RXZLOOEHVR
PXFKWKHPRUHERXQGWRYLVLWWKHRIIHQFHZLWKULJRURXV
SXQLVKPHQWDVLWLVNQRZQ\RXEHORQJWRDVXVSHFWHG
IDPLO\
$ODVPDGDPHUHWXUQHG9LOOHIRUWP\SURIHVVLRQDVZHOO
DVWKHWLPHVLQZKLFKZHOLYHFRPSHOVPHWREHVHYHUH,
KDYHDOUHDG\VXFFHVVIXOO\FRQGXFWHGVHYHUDOSXEOLF
SURVHFXWLRQVDQGEURXJKWWKHRIIHQGHUVWRPHULWHG
SXQLVKPHQW%XWZHKDYHQRWGRQHZLWKWKHWKLQJ\HW
'R\RXLQGHHGWKLQNVR"LQTXLUHGWKHPDUTXLVH
,DPDWOHDVWIHDUIXORILW1DSROHRQLQWKH,VODQGRI
(OEDLVWRRQHDU)UDQFHDQGKLVSUR[LPLW\NHHSVXSWKH
KRSHVRIKLVSDUWLVDQV0DUVHLOOHVLVILOOHGZLWKKDOISD\
RIILFHUVZKRDUHGDLO\XQGHURQHIULYRORXVSUHWH[WRU
RWKHUJHWWLQJXSTXDUUHOVZLWKWKHUR\DOLVWVIURPKHQFH
DULVHFRQWLQXDODQGIDWDOGXHOVDPRQJWKHKLJKHUFODVVHVRI
SHUVRQVDQGDVVDVVLQDWLRQVLQWKHORZHU
<RXKDYHKHDUGSHUKDSVVDLGWKH&RPWHGH6DOYLHX[RQH
RI0GH6DLQW0HUDQ
VROGHVWIULHQGVDQGFKDPEHUODLQWR
WKH&RPWHG
$UWRLVWKDWWKH+RO\$OOLDQFHSXUSRVHUHPRYLQJ

62

KLPIURPWKHQFH"
<HVWKH\ZHUHWDONLQJDERXWLWZKHQZHOHIW3DULVVDLG
0GH6DLQW0HUDQDQGZKHUHLVLWGHFLGHGWRWUDQVIHU
KLP"
7R6DLQW+HOHQD
)RUKHDYHQ
VVDNHZKHUHLVWKDW"DVNHGWKHPDUTXLVH
$QLVODQGVLWXDWHGRQWKHRWKHUVLGHRIWKHHTXDWRUDW
OHDVWWZRWKRXVDQGOHDJXHVIURPKHUHUHSOLHGWKHFRXQW
6RPXFKWKHEHWWHU$V9LOOHIRUWREVHUYHVLWLVDJUHDW
DFWRIIROO\WRKDYHOHIWVXFKDPDQEHWZHHQ&RUVLFDZKHUH
KHZDVERUQDQG1DSOHVRIZKLFKKLVEURWKHULQODZLV
NLQJDQGIDFHWRIDFHZLWK,WDO\WKHVRYHUHLJQW\RIZKLFK
KHFRYHWHGIRUKLVVRQ
8QIRUWXQDWHO\VDLG9LOOHIRUWWKHUHDUHWKHWUHDWLHVRI
DQGZHFDQQRWPROHVW1DSROHRQZLWKRXWEUHDNLQJWKRVH
FRPSDFWV
2KZHOOZHVKDOOILQGVRPHZD\RXWRILWUHVSRQGHG0
GH6DOYLHX[7KHUHZDVQ
WDQ\WURXEOHRYHUWUHDWLHVZKHQLW
ZDVDTXHVWLRQRIVKRRWLQJWKHSRRU'XFG
(QJKLHQ
:HOOVDLGWKHPDUTXLVHLWVHHPVSUREDEOHWKDWE\WKH
DLGRIWKH+RO\$OOLDQFHZHVKDOOEHULGRI1DSROHRQDQG
ZHPXVWWUXVWWRWKHYLJLODQFHRI0GH9LOOHIRUWWRSXULI\
0DUVHLOOHVRIKLVSDUWLVDQV7EHNLQJLVHLWKHUDNLQJRUQR
NLQJLIKHEHDFNQRZOHGJHGDVVRYHUHLJQRI)UDQFHKH
VKRXOGEHXSKHOGLQSHDFHDQGWUDQTXLOOLW\DQGWKLVFDQ
EHVWEHHIIHFWHGE\HPSOR\LQJWKHPRVWLQIOH[LEOHDJHQWVWR
SXWGRZQHYHU\DWWHPSWDWFRQVSLUDF\
WLVWKHEHVWDQG
VXUHVWPHDQVRISUHYHQWLQJPLVFKLHI
8QIRUWXQDWHO\PDGDPHDQVZHUHG9LOOHIRUWWKHVWURQJDUP
RIWKHODZLVQRWFDOOHGXSRQWRLQWHUIHUHXQWLOWKHHYLO
KDVWDNHQSODFH
7KHQDOOKHKDVJRWWRGRLVWRHQGHDYRUWRUHSDLULW
1D\PDGDPHWKHODZLVIUHTXHQWO\SRZHUOHVVWRHIIHFW

63

WKLVDOOLWFDQGRLVWRDYHQJHWKHZURQJGRQH
2K0GH9LOOHIRUWFULHGDEHDXWLIXO\RXQJFUHDWXUH
GDXJKWHUWRWKH&RPWHGH6DOYLHX[DQGWKHFKHULVKHGIULHQG
RI0DGHPRLVHOOHGH6DLQW0HUDQGRWU\DQGJHWXSVRPH
IDPRXVWULDOZKLOHZHDUHDW0DUVHLOOHV,QHYHUZDVLQD
ODZFRXUW,DPWROGLWLVVRYHU\DPXVLQJ
$PXVLQJFHUWDLQO\UHSOLHGWKH\RXQJPDQLQDVPXFKDV
LQVWHDGRIVKHGGLQJWHDUVDVDWWKHILFWLWLRXVWDOHRIZRH
SURGXFHGDWDWKHDWUH\RXEHKROGLQDODZFRXUWDFDVHRI
UHDODQGJHQXLQHGLVWUHVVDGUDPDRIOLIH7KHSULVRQHU
ZKRP\RXWKHUHVHHSDOHDJLWDWHGDQGDODUPHGLQVWHDGRI
DVLVWKHFDVHZKHQDFXUWDLQIDOOVRQDWUDJHG\JRLQJ
KRPHWRVXSSHDFHIXOO\ZLWKKLVIDPLO\DQGWKHQUHWLULQJWR
UHVWWKDWKHPD\UHFRPPHQFHKLVPLPLFZRHVRQWKHPRUURZ
LVUHPRYHGIURP\RXUVLJKWPHUHO\WREHUHFRQGXFWHGWR
KLVSULVRQDQGGHOLYHUHGXSWRWKHH[HFXWLRQHU,OHDYH\RX
WRMXGJHKRZIDU\RXUQHUYHVDUHFDOFXODWHGWREHDU\RX
WKURXJKVXFKDVFHQH2IWKLVKRZHYHUEHDVVXUHGWKDW
VKRXOGDQ\IDYRUDEOHRSSRUWXQLW\SUHVHQWLWVHOI,ZLOOQRW
IDLOWRRIIHU\RXWKHFKRLFHRIEHLQJSUHVHQW
)RUVKDPH0GH9LOOHIRUWVDLG5HQHHEHFRPLQJTXLWH
SDOHGRQ
W\RXVHHKRZ\RXDUHIULJKWHQLQJXV"DQG\HW
\RXODXJK
:KDWZRXOG\RXKDYH"
7LVOLNHDGXHO,KDYHDOUHDG\
UHFRUGHGVHQWHQFHRIGHDWKILYHRUVL[WLPHVDJDLQVWWKH
PRYHUVRISROLWLFDOFRQVSLUDFLHVDQGZKRFDQVD\KRZPDQ\
GDJJHUVPD\EHUHDG\VKDUSHQHGDQGRQO\ZDLWLQJDIDYRUDEOH
RSSRUWXQLW\WREHEXULHGLQP\KHDUW"
*UDFLRXVKHDYHQV0GH9LOOHIRUWVDLG5HQHHEHFRPLQJ
PRUHDQGPRUHWHUULILHG\RXVXUHO\DUHQRWLQHDUQHVW
,QGHHG,DPUHSOLHGWKH\RXQJPDJLVWUDWHZLWKDVPLOH
DQGLQWKHLQWHUHVWLQJWULDOWKDW\RXQJODG\LVDQ[LRXVWR
ZLWQHVVWKHFDVHZRXOGRQO\EHVWLOOPRUHDJJUDYDWHG
6XSSRVHIRULQVWDQFHWKHSULVRQHUDVLVPRUHWKDQ
SUREDEOHWRKDYHVHUYHGXQGHU1DSROHRQZHOOFDQ\RX
H[SHFWIRUDQLQVWDQWWKDWRQHDFFXVWRPHGDWWKHZRUGRI
KLVFRPPDQGHUWRUXVKIHDUOHVVO\RQWKHYHU\ED\RQHWVRI
KLVIRHZLOOVFUXSOHPRUHWRGULYHDVWLOHWWRLQWRWKH

64

KHDUWRIRQHKHNQRZVWREHKLVSHUVRQDOHQHP\WKDQWR
VODXJKWHUKLVIHOORZFUHDWXUHVPHUHO\EHFDXVHELGGHQWRGR
VRE\RQHKHLVERXQGWRREH\"%HVLGHVRQHUHTXLUHVWKH
H[FLWHPHQWRIEHLQJKDWHIXOLQWKHH\HVRIWKHDFFXVHGLQ
RUGHUWRODVKRQH
VVHOILQWRDVWDWHRIVXIILFLHQW
YHKHPHQFHDQGSRZHU,ZRXOGQRWFKRRVHWRVHHWKHPDQ
DJDLQVWZKRP,SOHDGHGVPLOHDVWKRXJKLQPRFNHU\RIP\
ZRUGV1RP\SULGHLVWRVHHWKHDFFXVHGSDOHDJLWDWHG
DQGDVWKRXJKEHDWHQRXWRIDOOFRPSRVXUHE\WKHILUHRIP\
HORTXHQFH5HQHHXWWHUHGDVPRWKHUHGH[FODPDWLRQ
%UDYRFULHGRQHRIWKHJXHVWVWKDWLVZKDW,FDOO
WDONLQJWRVRPHSXUSRVH
-XVWWKHSHUVRQZHUHTXLUHDWDWLPHOLNHWKHSUHVHQW
VDLGDVHFRQG
:KDWDVSOHQGLGEXVLQHVVWKDWODVWFDVHRI\RXUVZDVP\
GHDU9LOOHIRUWUHPDUNHGDWKLUG,PHDQWKHWULDORIWKH
PDQIRUPXUGHULQJKLVIDWKHU8SRQP\ZRUG\RXNLOOHGKLP
HUHWKHH[HFXWLRQHUKDGODLGKLVKDQGXSRQKLP
2KDVIRUSDUULFLGHVDQGVXFKGUHDGIXOSHRSOHDVWKDW
LQWHUSRVHG5HQHHLWPDWWHUVYHU\OLWWOHZKDWLVGRQHWR
WKHPEXWDVUHJDUGVSRRUXQIRUWXQDWHFUHDWXUHVZKRVHRQO\
FULPHFRQVLVWVLQKDYLQJPL[HGWKHPVHOYHVXSLQSROLWLFDO
LQWULJXHV
:K\WKDWLVWKHYHU\ZRUVWRIIHQFHWKH\FRXOGSRVVLEO\
FRPPLWIRUGRQ
W\RXVHH5HQHHWKHNLQJLVWKHIDWKHURI
KLVSHRSOHDQGKHZKRVKDOOSORWRUFRQWULYHDXJKWDJDLQVW
WKHOLIHDQGVDIHW\RIWKHSDUHQWRIWKLUW\WZRPLOOLRQVRI
VRXOVLVDSDUULFLGHXSRQDIHDUIXOO\JUHDWVFDOH"
,GRQ
WNQRZDQ\WKLQJDERXWWKDWUHSOLHG5HQHHEXW0
GH9LOOHIRUW\RXKDYHSURPLVHGPHKDYH\RXQRW"
DOZD\VWRVKRZPHUF\WRWKRVH,SOHDGIRU
0DNH\RXUVHOITXLWHHDV\RQWKDWSRLQWDQVZHUHG
9LOOHIRUWZLWKRQHRIKLVVZHHWHVWVPLOHV\RXDQG,ZLOO
DOZD\VFRQVXOWXSRQRXUYHUGLFWV
0\ORYHVDLGWKHPDUTXLVHDWWHQGWR\RXUGRYHV\RXU
ODSGRJVDQGHPEURLGHU\EXWGRQRWPHGGOHZLWKZKDW\RXGR

65

QRWXQGHUVWDQG1RZDGD\VWKHPLOLWDU\SURIHVVLRQLVLQ
DEH\DQFHDQGWKHPDJLVWHULDOUREHLVWKHEDGJHRIKRQRU
7KHUHLVDZLVH/DWLQSURYHUEWKDWLVYHU\PXFKLQSRLQW
&HGDQWDUPDWRJDHVDLG9LOOHIRUWZLWKDERZ
,FDQQRWVSHDN/DWLQUHVSRQGHGWKHPDUTXLVH
:HOOVDLG5HQHH,FDQQRWKHOSUHJUHWWLQJ\RXKDGQRW
FKRVHQVRPHRWKHUSURIHVVLRQWKDQ\RXURZQDSK\VLFLDQ
IRULQVWDQFH'R\RXNQRZ,DOZD\VIHOWDVKXGGHUDWWKH
LGHDRIHYHQDGHVWUR\LQJDQJHO"
'HDUJRRG5HQHHZKLVSHUHG9LOOHIRUWDVKHJD]HGZLWK
XQXWWHUDEOHWHQGHUQHVVRQWKHORYHO\VSHDNHU
/HWXVKRSHP\FKLOGFULHGWKHPDUTXLVWKDW0GH
9LOOHIRUWPD\SURYHWKHPRUDODQGSROLWLFDOSK\VLFLDQRI
WKLVSURYLQFHLIVRKHZLOOKDYHDFKLHYHGDQREOHZRUN
$QGRQHZKLFKZLOOJRIDUWRHIIDFHWKHUHFROOHFWLRQRIKLV
IDWKHU
VFRQGXFWDGGHGWKHLQFRUULJLEOHPDUTXLVH
0DGDPHUHSOLHG9LOOHIRUWZLWKDPRXUQIXOVPLOH,KDYH
DOUHDG\KDGWKHKRQRUWRREVHUYHWKDWP\IDWKHUKDVDW
OHDVW,KRSHVRDEMXUHGKLVSDVWHUURUVDQGWKDWKHLV
DWWKHSUHVHQWPRPHQWDILUPDQG]HDORXVIULHQGWRUHOLJLRQ
DQGRUGHUDEHWWHUUR\DOLVWSRVVLEO\WKDQKLVVRQIRU
KHKDVWRDWRQHIRUSDVWGHUHOLFWLRQZKLOH,KDYHQRRWKHU
LPSXOVHWKDQZDUPGHFLGHGSUHIHUHQFHDQGFRQYLFWLRQ
+DYLQJPDGHWKLVZHOOWXUQHGVSHHFK9LOOHIRUWORRNHG
FDUHIXOO\DURXQGWRPDUNWKHHIIHFWRIKLVRUDWRU\PXFKDV
KHZRXOGKDYHGRQHKDGKHEHHQDGGUHVVLQJWKHEHQFKLQRSHQ
FRXUW
'R\RXNQRZP\GHDU9LOOHIRUWFULHGWKH&RPWHGH
6DOYLHX[WKDWLVH[DFWO\ZKDW,P\VHOIVDLGWKHRWKHUGD\
DWWKH7XLOHULHVZKHQTXHVWLRQHGE\KLVPDMHVW\
VSULQFLSDO
FKDPEHUODLQWRXFKLQJWKHVLQJXODULW\RIDQDOOLDQFHEHWZHHQ
WKHVRQRID*LURQGLQDQGWKHGDXJKWHURIDQRIILFHURIWKH
'XFGH&RQGHDQG,DVVXUH\RXKHVHHPHGIXOO\WRFRPSUHKHQG
WKDWWKLVPRGHRIUHFRQFLOLQJSROLWLFDOGLIIHUHQFHVZDV
EDVHGXSRQVRXQGDQGH[FHOOHQWSULQFLSOHV7KHQWKHNLQJ
ZKRZLWKRXWRXUVXVSHFWLQJLWKDGRYHUKHDUGRXU

66

FRQYHUVDWLRQLQWHUUXSWHGXVE\VD\LQJC9LOOHIRUW

REVHUYHWKDWWKHNLQJGLGQRWSURQRXQFHWKHZRUG1RLUWLHU
EXWRQWKHFRQWUDU\SODFHGFRQVLGHUDEOHHPSKDVLVRQWKDW
RI9LOOHIRUWC9LOOHIRUW
VDLGKLVPDMHVW\CLVD\RXQJ
PDQRIJUHDWMXGJPHQWDQGGLVFUHWLRQZKRZLOOEHVXUHWR
PDNHDILJXUHLQKLVSURIHVVLRQ,OLNHKLPPXFKDQGLW
JDYHPHJUHDWSOHDVXUHWRKHDUWKDWKHZDVDERXWWREHFRPH
WKHVRQLQODZRIWKH0DUTXLVDQG0DUTXLVHGH6DLQW0HUDQ,
VKRXOGP\VHOIKDYHUHFRPPHQGHGWKHPDWFKKDGQRWWKHQREOH
PDUTXLVDQWLFLSDWHGP\ZLVKHVE\UHTXHVWLQJP\FRQVHQWWR
LW

,VLWSRVVLEOHWKHNLQJFRXOGKDYHFRQGHVFHQGHGVRIDUDV
WRH[SUHVVKLPVHOIVRIDYRUDEO\RIPH"DVNHGWKHHQUDSWXUHG
9LOOHIRUW
,JLYH\RXKLVYHU\ZRUGVDQGLIWKHPDUTXLVFKRRVHVWREH
FDQGLGKHZLOOFRQIHVVWKDWWKH\SHUIHFWO\DJUHHZLWKZKDW
KLVPDMHVW\VDLGWRKLPZKHQKHZHQWVL[PRQWKVDJRWR
FRQVXOWKLPXSRQWKHVXEMHFWRI\RXUHVSRXVLQJKLV
GDXJKWHU
7KDWLVWUXHDQVZHUHGWKHPDUTXLV
+RZPXFKGR,RZHWKLVJUDFLRXVSULQFH:KDWLVWKHUH,
ZRXOGQRWGRWRHYLQFHP\HDUQHVWJUDWLWXGH
7KDWLVULJKWFULHGWKHPDUTXLVH,ORYHWRVHH\RX
WKXV1RZWKHQZHUHDFRQVSLUDWRUWRIDOOLQWR\RXUKDQGV
KHZRXOGEHPRVWZHOFRPH
)RUP\SDUWGHDUPRWKHULQWHUSRVHG5HQHH,WUXVW\RXU
ZLVKHVZLOOQRWSURVSHUDQGWKDW3URYLGHQFHZLOORQO\
SHUPLWSHWW\RIIHQGHUVSRRUGHEWRUVDQGPLVHUDEOHFKHDWV
WRIDOOLQWR0GH9LOOHIRUW
VKDQGVWKHQ,VKDOOEH
FRQWHQWHG
-XVWWKHVDPHDVWKRXJK\RXSUD\HGWKDWDSK\VLFLDQPLJKW
RQO\EHFDOOHGXSRQWRSUHVFULEHIRUKHDGDFKHVPHDVOHVDQG
WKHVWLQJVRIZDVSVRUDQ\RWKHUVOLJKWDIIHFWLRQRIWKH
HSLGHUPLV,I\RXZLVKWRVHHPHWKHNLQJ
VDWWRUQH\\RX
PXVWGHVLUHIRUPHVRPHRIWKRVHYLROHQWDQGGDQJHURXV
GLVHDVHVIURPWKHFXUHRIZKLFKVRPXFKKRQRUUHGRXQGVWR
WKHSK\VLFLDQ

67

$WWKLVPRPHQWDQGDVWKRXJKWKHXWWHUDQFHRI9LOOHIRUW
V
ZLVKKDGVXIILFHGWRHIIHFWLWVDFFRPSOLVKPHQWDVHUYDQW
HQWHUHGWKHURRPDQGZKLVSHUHGDIHZZRUGVLQKLVHDU
9LOOHIRUWLPPHGLDWHO\URVHIURPWDEOHDQGTXLWWHGWKHURRP
XSRQWKHSOHDRIXUJHQWEXVLQHVVKHVRRQKRZHYHU
UHWXUQHGKLVZKROHIDFHEHDPLQJZLWKGHOLJKW5HQHH
UHJDUGHGKLPZLWKIRQGDIIHFWLRQDQGFHUWDLQO\KLVKDQGVRPH
IHDWXUHVOLWXSDVWKH\WKHQZHUHZLWKPRUHWKDQXVXDOILUH
DQGDQLPDWLRQVHHPHGIRUPHGWRH[FLWHWKHLQQRFHQW
DGPLUDWLRQZLWKZKLFKVKHJD]HGRQKHUJUDFHIXODQG
LQWHOOLJHQWORYHU
<RXZHUHZLVKLQJMXVWQRZVDLG9LOOHIRUWDGGUHVVLQJKHU
WKDW,ZHUHDGRFWRULQVWHDGRIDODZ\HU:HOO,DWOHDVW
UHVHPEOHWKHGLVFLSOHVRI(VFXODSLXVLQRQHWKLQJWKDWRI
QRWEHLQJDEOHWRFDOODGD\P\RZQQRWHYHQWKDWRIP\
EHWURWKDO
$QGZKHUHIRUHZHUH\RXFDOOHGDZD\MXVWQRZ"DVNHG
0DGHPRLVHOOHGH6DLQW0HUDQZLWKDQDLURIGHHSLQWHUHVW
)RUDYHU\VHULRXVPDWWHUZKLFKELGVIDLUWRPDNHZRUNIRU
WKHH[HFXWLRQHU
+RZGUHDGIXOH[FODLPHG5HQHHWXUQLQJSDOH
,VLWSRVVLEOH"EXUVWVLPXOWDQHRXVO\IURPDOOZKRZHUH
QHDUHQRXJKWRWKHPDJLVWUDWHWRKHDUKLVZRUGV
:K\LIP\LQIRUPDWLRQSURYHFRUUHFWDVRUWRI%RQDSDUWH
FRQVSLUDF\KDVMXVWEHHQGLVFRYHUHG
&DQ,EHOLHYHP\HDUV"FULHGWKHPDUTXLVH
,ZLOOUHDG\RXWKHOHWWHUFRQWDLQLQJWKHDFFXVDWLRQDW
OHDVWVDLG9LOOHIRUW
C7KHNLQJ
VDWWRUQH\LVLQIRUPHGE\DIULHQGWRWKHWKURQH
DQGWKHUHOLJLRQVLQVWLWXWLRQVRIKLVFRXQWU\WKDWRQH
QDPHG(GPRQG'DQWHVPDWHRIWKHVKLS3KDUDRQWKLVGD\
DUULYHGIURP6P\UQDDIWHUKDYLQJWRXFKHGDW1DSOHVDQG
3RUWR)HUUDMRKDVEHHQWKHEHDUHURIDOHWWHUIURP0XUDWWR
WKHXVXUSHUDQGDJDLQWDNHQFKDUJHRIDQRWKHUOHWWHUIURP

68

WKHXVXUSHUWRWKH%RQDSDUWLVWFOXELQ3DULV$PSOH
FRUURERUDWLRQRIWKLVVWDWHPHQWPD\EHREWDLQHGE\DUUHVWLQJ
WKHDERYHPHQWLRQHG(GPRQG'DQWHVZKRHLWKHUFDUULHVWKH
OHWWHUIRU3DULVDERXWZLWKKLPRUKDVLWDWKLVIDWKHU
V
DERGH6KRXOGLWQRWEHIRXQGLQWKHSRVVHVVLRQRIIDWKHURU
VRQWKHQLWZLOODVVXUHGO\EHGLVFRYHUHGLQWKHFDELQ
EHORQJLQJWRWKHVDLG'DQWHVRQERDUGWKH3KDUDRQ

%XWVDLG5HQHHWKLVOHWWHUZKLFKDIWHUDOOLVEXWDQ
DQRQ\PRXVVFUDZOLVQRWHYHQDGGUHVVHGWR\RXEXWWRWKH
NLQJ
VDWWRUQH\
7UXHEXWWKDWJHQWOHPDQEHLQJDEVHQWKLVVHFUHWDU\E\
KLVRUGHUVRSHQHGKLVOHWWHUVWKLQNLQJWKLVRQHRI
LPSRUWDQFHKHVHQWIRUPHEXWQRWILQGLQJPHWRRNXSRQ
KLPVHOIWRJLYHWKHQHFHVVDU\RUGHUVIRUDUUHVWLQJWKH
DFFXVHGSDUW\
7KHQWKHJXLOW\SHUVRQLVDEVROXWHO\LQFXVWRG\"VDLGWKH
PDUTXLVH
1D\GHDUPRWKHUVD\WKHDFFXVHGSHUVRQ<RXNQRZZH
FDQQRW\HWSURQRXQFHKLPJXLOW\
+HLVLQVDIHFXVWRG\DQVZHUHG9LOOHIRUWDQGUHO\XSRQ
LWLIWKHOHWWHULVIRXQGKHZLOOQRWEHOLNHO\WREH
WUXVWHGDEURDGDJDLQXQOHVVKHJRHVIRUWKXQGHUWKH
HVSHFLDOSURWHFWLRQRIWKHKHDGVPDQ
$QGZKHUHLVWKHXQIRUWXQDWHEHLQJ"DVNHG5HQHH
+HLVDWP\KRXVH
&RPHFRPHP\IULHQGLQWHUUXSWHGWKHPDUTXLVHGRQRW
QHJOHFW\RXUGXW\WROLQJHUZLWKXV<RXDUHWKHNLQJ
V
VHUYDQWDQGPXVWJRZKHUHYHUWKDWVHUYLFHFDOOV\RX
29LOOHIRUWFULHG5HQHHFODVSLQJKHUKDQGVDQGORRNLQJ
WRZDUGVKHUORYHUZLWKSLWHRXVHDUQHVWQHVVEHPHUFLIXORQ
WKLVWKHGD\RIRXUEHWURWKDO
7KH\RXQJPDQSDVVHGURXQGWRWKHVLGHRIWKHWDEOHZKHUH
WKHIDLUSOHDGHUVDWDQGOHDQLQJRYHUKHUFKDLUVDLG
WHQGHUO\

69

7RJLYH\RXSOHDVXUHP\VZHHW5HQHH,SURPLVHWRVKRZDOO
WKHOHQLW\LQP\SRZHUEXWLIWKHFKDUJHVEURXJKWDJDLQVW
WKLV%RQDSDUWLVWKHURSURYHFRUUHFWZK\WKHQ\RXUHDOO\
PXVWJLYHPHOHDYHWRRUGHUKLVKHDGWREHFXWRII5HQHH
VKXGGHUHG
1HYHUPLQGWKDWIRROLVKJLUO9LOOHIRUWVDLGWKH
PDUTXLVH6KHZLOOVRRQJHWRYHUWKHVHWKLQJV6RVD\LQJ
0DGDPHGH6DLQW0HUDQH[WHQGHGKHUGU\ERQ\KDQGWR
9LOOHIRUWZKRZKLOHLPSULQWLQJDVRQLQODZ
VUHVSHFWIXO
VDOXWHRQLWORRNHGDW5HQHHDVPXFKDVWRVD\,PXVW
WU\DQGIDQF\
WLV\RXUGHDUKDQG,NLVVDVLWVKRXOGKDYH
EHHQ
7KHVHDUHPRXUQIXODXVSLFHVWRDFFRPSDQ\DEHWURWKDO
VLJKHGSRRU5HQHH
8SRQP\ZRUGFKLOGH[FODLPHGWKHDQJU\PDUTXLVH\RXU
IROO\H[FHHGVDOOERXQGV,VKRXOGEHJODGWRNQRZZKDW
FRQQHFWLRQWKHUHFDQSRVVLEO\EHEHWZHHQ\RXUVLFNO\
VHQWLPHQWDOLW\DQGWKHDIIDLUVRIWKHVWDWH
2PRWKHUPXUPXUHG5HQHH
1D\PDGDPH,SUD\\RXSDUGRQWKLVOLWWOHWUDLWRU,
SURPLVH\RXWKDWWRPDNHXSIRUKHUZDQWRIOR\DOW\,ZLOO
EHPRVWLQIOH[LEO\VHYHUHWKHQFDVWLQJDQH[SUHVVLYH
JODQFHDWKLVEHWURWKHGZKLFKVHHPHGWRVD\)HDUQRWIRU
\RXUGHDUVDNHP\MXVWLFHVKDOOEHWHPSHUHGZLWKPHUF\DQG
UHFHLYLQJDVZHHWDQGDSSURYLQJVPLOHLQUHWXUQ9LOOHIRUW
TXLWWHGWKHURRP

&KDSWHU
7KH([DPLQDWLRQ
1RVRRQHUKDG9LOOHIRUWOHIWWKHVDORQWKDQKHDVVXPHGWKH
JUDYHDLURIDPDQZKRKROGVWKHEDODQFHRIOLIHDQGGHDWK
LQKLVKDQGV1RZLQVSLWHRIWKHPRELOLW\RIKLV
FRXQWHQDQFHWKHFRPPDQGRIZKLFKOLNHDILQLVKHGDFWRUKH
KDGFDUHIXOO\VWXGLHGEHIRUHWKHJODVVLWZDVE\QRPHDQV
HDV\IRUKLPWRDVVXPHDQDLURIMXGLFLDOVHYHULW\([FHSW

70

WKHUHFROOHFWLRQRIWKHOLQHRISROLWLFVKLVIDWKHUKDG
DGRSWHGDQGZKLFKPLJKWLQWHUIHUHXQOHVVKHDFWHGZLWKWKH
JUHDWHVWSUXGHQFHZLWKKLVRZQFDUHHU*HUDUGGH9LOOHIRUW
ZDVDVKDSS\DVDPDQFRXOGEH$OUHDG\ULFKKHKHOGDKLJK
RIILFLDOVLWXDWLRQWKRXJKRQO\WZHQW\VHYHQ+HZDVDERXW
WRPDUU\D\RXQJDQGFKDUPLQJZRPDQZKRPKHORYHGQRW
SDVVLRQDWHO\EXWUHDVRQDEO\DVEHFDPHDGHSXW\DWWRUQH\RI
WKHNLQJDQGEHVLGHVKHUSHUVRQDODWWUDFWLRQVZKLFKZHUH
YHU\JUHDW0DGHPRLVHOOHGH6DLQW0HUDQ
VIDPLO\SRVVHVVHG
FRQVLGHUDEOHSROLWLFDOLQIOXHQFHZKLFKWKH\ZRXOGRI
FRXUVHH[HUWLQKLVIDYRU7KHGRZU\RIKLVZLIHDPRXQWHG
WRILIW\WKRXVDQGFURZQVDQGKHKDGEHVLGHVWKHSURVSHFW
RIVHHLQJKHUIRUWXQHLQFUHDVHGWRKDOIDPLOOLRQDWKHU
IDWKHU
VGHDWK7KHVHFRQVLGHUDWLRQVQDWXUDOO\JDYH
9LOOHIRUWDIHHOLQJRIVXFKFRPSOHWHIHOLFLW\WKDWKLVPLQG
ZDVIDLUO\GD]]OHGLQLWVFRQWHPSODWLRQ
$WWKHGRRUKHPHWWKHFRPPLVVDU\RISROLFHZKRZDVZDLWLQJ
IRUKLP7KHVLJKWRIWKLVRIILFHUUHFDOOHG9LOOHIRUWIURP
WKHWKLUGKHDYHQWRHDUWKKHFRPSRVHGKLVIDFHDVZHKDYH
EHIRUHGHVFULEHGDQGVDLG,KDYHUHDGWKHOHWWHUVLU
DQG\RXKDYHDFWHGULJKWO\LQDUUHVWLQJWKLVPDQQRZLQIRUP
PHZKDW\RXKDYHGLVFRYHUHGFRQFHUQLQJKLPDQGWKH
FRQVSLUDF\
:HNQRZQRWKLQJDV\HWRIWKHFRQVSLUDF\PRQVLHXUDOOWKH
SDSHUVIRXQGKDYHEHHQVHDOHGXSDQGSODFHGRQ\RXUGHVN
7KHSULVRQHUKLPVHOILVQDPHG(GPRQG'DQWHVPDWHRQERDUG
WKHWKUHHPDVWHUWKH3KDUDRQWUDGLQJLQFRWWRQZLWK
$OH[DQGULDDQG6P\UQDDQGEHORQJLQJWR0RUUHO 6RQRI
0DUVHLOOHV
%HIRUHKHHQWHUHGWKHPHUFKDQWVHUYLFHKDGKHHYHUVHUYHG
LQWKHPDULQHV"
2KQRPRQVLHXUKHLVYHU\\RXQJ
+RZROG"
1LQHWHHQRUWZHQW\DWWKHPRVW
$WWKLVPRPHQWDQGDV9LOOHIRUWKDGDUULYHGDWWKHFRUQHU
RIWKH5XHGHV&RQVHLOVDPDQZKRVHHPHGWRKDYHEHHQ
ZDLWLQJIRUKLPDSSURDFKHGLWZDV00RUUHO

71

$K0GH9LOOHIRUWFULHGKH,DPGHOLJKWHGWRVHH\RX
6RPHRI\RXUSHRSOHKDYHFRPPLWWHGWKHVWUDQJHVWPLVWDNH
WKH\KDYHMXVWDUUHVWHG(GPRQG'DQWHVPDWHRIP\YHVVHO
,NQRZLWPRQVLHXUUHSOLHG9LOOHIRUWDQG,DPQRZ
JRLQJWRH[DPLQHKLP
2KVDLG0RUUHOFDUULHGDZD\E\KLVIULHQGVKLS\RXGR
QRWNQRZKLPDQG,GR+HLVWKHPRVWHVWLPDEOHWKHPRVW
WUXVWZRUWK\FUHDWXUHLQWKHZRUOGDQG,ZLOOYHQWXUHWR
VD\WKHUHLVQRWDEHWWHUVHDPDQLQDOOWKHPHUFKDQW
VHUYLFH2K0GH9LOOHIRUW,EHVHHFK\RXULQGXOJHQFHIRU
KLP
9LOOHIRUWDVZHKDYHVHHQEHORQJHGWRWKHDULVWRFUDWLF
SDUW\DW0DUVHLOOHV0RUUHOWRWKHSOHEHLDQWKHILUVWZDVD
UR\DOLVWWKHRWKHUVXVSHFWHGRI%RQDSDUWLVP9LOOHIRUW
ORRNHGGLVGDLQIXOO\DW0RUUHODQGUHSOLHG
<RXDUHDZDUHPRQVLHXUWKDWDPDQPD\EHHVWLPDEOHDQG
WUXVWZRUWK\LQSULYDWHOLIHDQGWKHEHVWVHDPDQLQWKH
PHUFKDQWVHUYLFHDQG\HWEHSROLWLFDOO\VSHDNLQJDJUHDW
FULPLQDO,VLWQRWWUXH"
7KHPDJLVWUDWHODLGHPSKDVLVRQWKHVHZRUGVDVLIKHZLVKHG
WRDSSO\WKHPWRWKHRZQHUKLPVHOIZKLOHKLVH\HVVHHPHGWR
SOXQJHLQWRWKHKHDUWRIRQHZKRLQWHUFHGLQJIRUDQRWKHU
KDGKLPVHOIQHHGRILQGXOJHQFH0RUUHOUHGGHQHGIRUKLVRZQ
FRQVFLHQFHZDVQRWTXLWHFOHDURQSROLWLFVEHVLGHVZKDW
'DQWHVKDGWROGKLPRIKLVLQWHUYLHZZLWKWKHJUDQGPDUVKDO
DQGZKDWWKHHPSHURUKDGVDLGWRKLPHPEDUUDVVHGKLP+H
UHSOLHGKRZHYHU
,HQWUHDW\RX0GH9LOOHIRUWEHDV\RXDOZD\VDUHNLQG
DQGHTXLWDEOHDQGJLYHKLPEDFNWRXVVRRQ7KLVJLYHXV
VRXQGHGUHYROXWLRQDU\LQWKHGHSXW\
VHDUV
$KDKPXUPXUHGKHLV'DQWHVWKHQDPHPEHURIVRPH
&DUERQDULVRFLHW\WKDWKLVSURWHFWRUWKXVHPSOR\VWKH
FROOHFWLYHIRUP"+HZDVLI,UHFROOHFWDUUHVWHGLQD
WDYHUQLQFRPSDQ\ZLWKDJUHDWPDQ\RWKHUV7KHQKHDGGHG
0RQVLHXU\RXPD\UHVWDVVXUHG,VKDOOSHUIRUPP\GXW\
LPSDUWLDOO\DQGWKDWLIKHEHLQQRFHQW\RXVKDOOQRWKDYH

72

DSSHDOHGWRPHLQYDLQVKRXOGKHKRZHYHUEHJXLOW\LQ
WKLVSUHVHQWHSRFKLPSXQLW\ZRXOGIXUQLVKDGDQJHURXV
H[DPSOHDQG,PXVWGRP\GXW\
$VKHKDGQRZDUULYHGDWWKHGRRURIKLVRZQKRXVHZKLFK
DGMRLQHGWKH3DODLVGH-XVWLFHKHHQWHUHGDIWHUKDYLQJ
FROGO\VDOXWHGWKHVKLSRZQHUZKRVWRRGDVLISHWULILHGRQ
WKHVSRWZKHUH9LOOHIRUWKDGOHIWKLP7KHDQWHFKDPEHUZDV
IXOORISROLFHDJHQWVDQGJHQGDUPHVLQWKHPLGVWRIZKRP
FDUHIXOO\ZDWFKHGEXWFDOPDQGVPLOLQJVWRRGWKHSULVRQHU
9LOOHIRUWWUDYHUVHGWKHDQWHFKDPEHUFDVWDVLGHJODQFHDW
'DQWHVDQGWDNLQJDSDFNHWZKLFKDJHQGDUPHRIIHUHGKLP
GLVDSSHDUHGVD\LQJ%ULQJLQWKHSULVRQHU
5DSLGDVKDGEHHQ9LOOHIRUW
VJODQFHLWKDGVHUYHGWRJLYH
KLPDQLGHDRIWKHPDQKHZDVDERXWWRLQWHUURJDWH+HKDG
UHFRJQL]HGLQWHOOLJHQFHLQWKHKLJKIRUHKHDGFRXUDJHLQWKH
GDUNH\HDQGEHQWEURZDQGIUDQNQHVVLQWKHWKLFNOLSVWKDW
VKRZHGDVHWRISHDUO\WHHWK9LOOHIRUW
VILUVWLPSUHVVLRQ
ZDVIDYRUDEOHEXWKHKDGEHHQVRRIWHQZDUQHGWRPLVWUXVW
ILUVWLPSXOVHVWKDWKHDSSOLHGWKHPD[LPWRWKHLPSUHVVLRQ
IRUJHWWLQJWKHGLIIHUHQFHEHWZHHQWKHWZRZRUGV+HVWLIOHG
WKHUHIRUHWKHIHHOLQJVRIFRPSDVVLRQWKDWZHUHULVLQJ
FRPSRVHGKLVIHDWXUHVDQGVDWGRZQJULPDQGVRPEUHDWKLV
GHVN$QLQVWDQWDIWHU'DQWHVHQWHUHG+HZDVSDOHEXWFDOP
DQGFROOHFWHGDQGVDOXWLQJKLVMXGJHZLWKHDV\SROLWHQHVV
ORRNHGURXQGIRUDVHDWDVLIKHKDGEHHQLQ00RUUHO
V
VDORQ,WZDVWKHQWKDWKHHQFRXQWHUHGIRUWKHILUVWWLPH
9LOOHIRUW
VORRNWKDWORRNSHFXOLDUWRWKHPDJLVWUDWH
ZKRZKLOHVHHPLQJWRUHDGWKHWKRXJKWVRIRWKHUVEHWUD\V
QRWKLQJRIKLVRZQ
:KRDQGZKDWDUH\RX"GHPDQGHG9LOOHIRUWWXUQLQJRYHUD
SLOHRISDSHUVFRQWDLQLQJLQIRUPDWLRQUHODWLYHWRWKH
SULVRQHUWKDWDSROLFHDJHQWKDGJLYHQWRKLPRQKLVHQWU\
DQGWKDWDOUHDG\LQDQKRXU
VWLPHKDGVZHOOHGWR
YROXPLQRXVSURSRUWLRQVWKDQNVWRWKHFRUUXSWHVSLRQDJHRI
ZKLFKWKHDFFXVHGLVDOZD\VPDGHWKHYLFWLP
0\QDPHLV(GPRQG'DQWHVUHSOLHGWKH\RXQJPDQFDOPO\,
DPPDWHRIWKH3KDUDRQEHORQJLQJWR0HVVUV0RUUHO 6RQ
<RXUDJH"FRQWLQXHG9LOOHIRUW

73

1LQHWHHQUHWXUQHG'DQWHV
:KDWZHUH\RXGRLQJDWWKHPRPHQW\RXZHUHDUUHVWHG"
,ZDVDWWKHIHVWLYDORIP\PDUULDJHPRQVLHXUVDLGWKH
\RXQJPDQKLVYRLFHVOLJKWO\WUHPXORXVVRJUHDWZDVWKH
FRQWUDVWEHWZHHQWKDWKDSS\PRPHQWDQGWKHSDLQIXOFHUHPRQ\
KHZDVQRZXQGHUJRLQJVRJUHDWZDVWKHFRQWUDVWEHWZHHQWKH
VRPEUHDVSHFWRI0GH9LOOHIRUWDQGWKHUDGLDQWIDFHRI
0HUFHGHV
<RXZHUHDWWKHIHVWLYDORI\RXUPDUULDJH"VDLGWKH
GHSXW\VKXGGHULQJLQVSLWHRIKLPVHOI
<HVPRQVLHXU,DPRQWKHSRLQWRIPDUU\LQJD\RXQJJLUO,
KDYHEHHQDWWDFKHGWRIRUWKUHH\HDUV9LOOHIRUWLPSDVVLYH
DVKHZDVZDVVWUXFNZLWKWKLVFRLQFLGHQFHDQGWKH
WUHPXORXVYRLFHRI'DQWHVVXUSULVHGLQWKHPLGVWRIKLV
KDSSLQHVVVWUXFNDV\PSDWKHWLFFKRUGLQKLVRZQERVRPKH
DOVRZDVRQWKHSRLQWRIEHLQJPDUULHGDQGKHZDVVXPPRQHG
IURPKLVRZQKDSSLQHVVWRGHVWUR\WKDWRIDQRWKHU7KLV
SKLORVRSKLFUHIOHFWLRQWKRXJKWKHZLOOPDNHDJUHDW
VHQVDWLRQDW0GH6DLQW0HUDQ
VDQGKHDUUDQJHGPHQWDOO\
ZKLOH'DQWHVDZDLWHGIXUWKHUTXHVWLRQVWKHDQWLWKHVLVE\
ZKLFKRUDWRUVRIWHQFUHDWHDUHSXWDWLRQIRUHORTXHQFH:KHQ
WKLVVSHHFKZDVDUUDQJHG9LOOHIRUWWXUQHGWR'DQWHV
*RRQVLUVDLGKH
:KDWZRXOG\RXKDYHPHVD\"
*LYHDOOWKHLQIRUPDWLRQLQ\RXUSRZHU
7HOOPHRQZKLFKSRLQW\RXGHVLUHLQIRUPDWLRQDQG,ZLOO
WHOODOO,NQRZRQO\DGGHGKHZLWKDVPLOH,ZDUQ\RX
,NQRZYHU\OLWWOH
+DYH\RXVHUYHGXQGHUWKHXVXUSHU"
,ZDVDERXWWREHPXVWHUHGLQWRWKH5R\DO0DULQHVZKHQKH
IHOO
,WLVUHSRUWHG\RXUSROLWLFDORSLQLRQVDUHH[WUHPHVDLG
9LOOHIRUWZKRKDGQHYHUKHDUGDQ\WKLQJRIWKHNLQGEXWZDV

74

QRWVRUU\WRPDNHWKLVLQTXLU\DVLILWZHUHDQDFFXVDWLRQ
0\SROLWLFDORSLQLRQVUHSOLHG'DQWHV$ODVVLU,QHYHU
KDGDQ\RSLQLRQV,DPKDUGO\QLQHWHHQ,NQRZQRWKLQJ,
KDYHQRSDUWWRSOD\,I,REWDLQWKHVLWXDWLRQ,GHVLUH,
VKDOORZHLWWR00RUUHO7KXVDOOP\RSLQLRQV,ZLOO
QRWVD\SXEOLFEXWSULYDWHDUHFRQILQHGWRWKHVHWKUHH
VHQWLPHQW,ORYHP\IDWKHU,UHVSHFW00RUUHODQG,
DGRUH0HUFHGHV7KLVVLULVDOO,FDQWHOO\RXDQG\RX
VHHKRZXQLQWHUHVWLQJLWLV$V'DQWHVVSRNH9LOOHIRUW
JD]HGDWKLVLQJHQXRXVDQGRSHQFRXQWHQDQFHDQGUHFROOHFWHG
WKHZRUGVRI5HQHHZKRZLWKRXWNQRZLQJZKRWKHFXOSULW
ZDVKDGEHVRXJKWKLVLQGXOJHQFHIRUKLP:LWKWKHGHSXW\
V
NQRZOHGJHRIFULPHDQGFULPLQDOVHYHU\ZRUGWKH\RXQJPDQ
XWWHUHGFRQYLQFHGKLPPRUHDQGPRUHRIKLVLQQRFHQFH7KLV
ODGIRUKHZDVVFDUFHO\DPDQVLPSOHQDWXUDOHORTXHQW
ZLWKWKDWHORTXHQFHRIWKHKHDUWQHYHUIRXQGZKHQVRXJKW
IRUIXOORIDIIHFWLRQIRUHYHU\ERG\EHFDXVHKHZDVKDSS\
DQGEHFDXVHKDSSLQHVVUHQGHUVHYHQWKHZLFNHGJRRG
H[WHQGHGKLVDIIHFWLRQHYHQWRKLVMXGJHVSLWHRI
9LOOHIRUW
VVHYHUHORRNDQGVWHUQDFFHQW'DQWHVVHHPHGIXOO
RINLQGQHVV
3DUGLHXVDLG9LOOHIRUWKHLVDQREOHIHOORZ,KRSH,
VKDOOJDLQ5HQHH
VIDYRUHDVLO\E\REH\LQJWKHILUVWFRPPDQG
VKHHYHULPSRVHGRQPH,VKDOOKDYHDWOHDVWDSUHVVXUHRI
WKHKDQGLQSXEOLFDQGDVZHHWNLVVLQSULYDWH)XOORI
WKLVLGHD9LOOHIRUW
VIDFHEHFDPHVRMR\RXVWKDWZKHQKH
WXUQHGWR'DQWHVWKHODWWHUZKRKDGZDWFKHGWKHFKDQJHRQ
KLVSK\VLRJQRP\ZDVVPLOLQJDOVR
6LUVDLG9LOOHIRUWKDYH\RXDQ\HQHPLHVDWOHDVWWKDW
\RXNQRZ
,KDYHHQHPLHV"UHSOLHG'DQWHVP\SRVLWLRQLVQRW
VXIILFLHQWO\HOHYDWHGIRUWKDW$VIRUP\GLVSRVLWLRQWKDW
LVSHUKDSVVRPHZKDWWRRKDVW\EXW,KDYHVWULYHQWR
UHSUHVVLW,KDYHKDGWHQRUWZHOYHVDLORUVXQGHUPHDQG
LI\RXTXHVWLRQWKHPWKH\ZLOOWHOO\RXWKDWWKH\ORYHDQG
UHVSHFWPHQRWDVDIDWKHUIRU,DPWRR\RXQJEXWDVDQ
HOGHUEURWKHU
%XW\RXPD\KDYHH[FLWHGMHDORXV\<RXDUHDERXWWREHFRPH
FDSWDLQDWQLQHWHHQDQHOHYDWHGSRVW\RXDUHDERXWWR

75

PDUU\DSUHWW\JLUOZKRORYHV\RXDQGWKHVHWZRSLHFHVRI
JRRGIRUWXQHPD\KDYHH[FLWHGWKHHQY\RIVRPHRQH
<RXDUHULJKW\RXNQRZPHQEHWWHUWKDQ,GRDQGZKDW\RX
VD\PD\SRVVLEO\EHWKHFDVH,FRQIHVVEXWLIVXFKSHUVRQV
DUHDPRQJP\DFTXDLQWDQFHV,SUHIHUQRWWRNQRZLWEHFDXVH
WKHQ,VKRXOGEHIRUFHGWRKDWHWKHP
<RXDUHZURQJ\RXVKRXOGDOZD\VVWULYHWRVHHFOHDUO\
DURXQG\RX<RXVHHPDZRUWK\\RXQJPDQ,ZLOOGHSDUWIURP
WKHVWULFWOLQHRIP\GXW\WRDLG\RXLQGLVFRYHULQJWKH
DXWKRURIWKLVDFFXVDWLRQ+HUHLVWKHSDSHUGR\RXNQRZ
WKHZULWLQJ"$VKHVSRNH9LOOHIRUWGUHZWKHOHWWHUIURP
KLVSRFNHWDQGSUHVHQWHGLWWR'DQWHV'DQWHVUHDGLW$
FORXGSDVVHGRYHUKLVEURZDVKHVDLG
1RPRQVLHXU,GRQRWNQRZWKHZULWLQJDQG\HWLWLV
WROHUDEO\SODLQ:KRHYHUGLGLWZULWHVZHOO,DPYHU\
IRUWXQDWHDGGHGKHORRNLQJJUDWHIXOO\DW9LOOHIRUWWR
EHH[DPLQHGE\VXFKDPDQDV\RXIRUWKLVHQYLRXVSHUVRQLV
DUHDOHQHP\$QGE\WKHUDSLGJODQFHWKDWWKH\RXQJPDQ
V
H\HVVKRWIRUWK9LOOHIRUWVDZKRZPXFKHQHUJ\OD\KLG
EHQHDWKWKLVPLOGQHVV
1RZVDLGWKHGHSXW\DQVZHUPHIUDQNO\QRWDVD
SULVRQHUWRDMXGJHEXWDVRQHPDQWRDQRWKHUZKRWDNHVDQ
LQWHUHVWLQKLPZKDWWUXWKLVWKHUHLQWKHDFFXVDWLRQ
FRQWDLQHGLQWKLVDQRQ\PRXVOHWWHU"$QG9LOOHIRUWWKUHZ
GLVGDLQIXOO\RQKLVGHVNWKHOHWWHU'DQWHVKDGMXVWJLYHQ
EDFNWRKLP
1RQHDWDOO,ZLOOWHOO\RXWKHUHDOIDFWV,VZHDUE\P\
KRQRUDVDVDLORUE\P\ORYHIRU0HUFHGHVE\WKHOLIHRI
P\IDWKHU
6SHDNPRQVLHXUVDLG9LOOHIRUW7KHQLQWHUQDOO\,I
5HQHHFRXOGVHHPH,KRSHVKHZRXOGEHVDWLVILHGDQGZRXOG
QRORQJHUFDOOPHDGHFDSLWDWRU
:HOOZKHQZHTXLWWHG1DSOHV&DSWDLQ/HFOHUHZDVDWWDFNHG
ZLWKDEUDLQIHYHU$VZHKDGQRGRFWRURQERDUGDQGKHZDV
VRDQ[LRXVWRDUULYHDW(OEDWKDWKHZRXOGQRWWRXFKDWDQ\
RWKHUSRUWKLVGLVRUGHUURVHWRVXFKDKHLJKWWKDWDWWKH
HQGRIWKHWKLUGGD\IHHOLQJKHZDVG\LQJKHFDOOHGPHWR

76

KLPC0\GHDU'DQWHV
VDLGKHCVZHDUWRSHUIRUPZKDW,DP
JRLQJWRWHOO\RXIRULWLVDPDWWHURIWKHGHHSHVW
LPSRUWDQFH

C,VZHDUFDSWDLQ
UHSOLHG,
C:HOODVDIWHUP\GHDWKWKHFRPPDQGGHYROYHVRQ\RXDV
PDWHDVVXPHWKHFRPPDQGDQGEHDUXSIRUWKH,VODQGRI
(OEDGLVHPEDUNDW3RUWR)HUUDMRDVNIRUWKHJUDQGPDUVKDO
JLYHKLPWKLVOHWWHUSHUKDSVWKH\ZLOOJLYH\RXDQRWKHU
OHWWHUDQGFKDUJH\RXZLWKDFRPPLVVLRQ<RXZLOO
DFFRPSOLVKZKDW,ZDVWRKDYHGRQHDQGGHULYHDOOWKHKRQRU
DQGSURILWIURPLW

C,ZLOOGRLWFDSWDLQEXWSHUKDSV,VKDOOQRWEHDGPLWWHG
WRWKHJUDQGPDUVKDO
VSUHVHQFHDVHDVLO\DV\RXH[SHFW"

C+HUHLVDULQJWKDWZLOOREWDLQDXGLHQFHRIKLPDQG
UHPRYHHYHU\GLIILFXOW\
VDLGWKHFDSWDLQ$WWKHVHZRUGV
KHJDYHPHDULQJ,WZDVWLPHWZRKRXUVDIWHUKHZDV
GHOLULRXVWKHQH[WGD\KHGLHG
$QGZKDWGLG\RXGRWKHQ"
:KDW,RXJKWWRKDYHGRQHDQGZKDWHYHU\RQHZRXOGKDYH
GRQHLQP\SODFH(YHU\ZKHUHWKHODVWUHTXHVWVRIDG\LQJ
PDQDUHVDFUHGEXWZLWKDVDLORUWKHODVWUHTXHVWVRIKLV
VXSHULRUDUHFRPPDQGV,VDLOHGIRUWKH,VODQGRI(OED
ZKHUH,DUULYHGWKHQH[WGD\,RUGHUHGHYHU\ERG\WRUHPDLQ
RQERDUGDQGZHQWRQVKRUHDORQH$V,KDGH[SHFWHG,
IRXQGVRPHGLIILFXOW\LQREWDLQLQJDFFHVVWRWKH
JUDQGPDUVKDOEXW,VHQWWKHULQJ,KDGUHFHLYHGIURPWKH
FDSWDLQWRKLPDQGZDVLQVWDQWO\DGPLWWHG+HTXHVWLRQHGPH
FRQFHUQLQJ&DSWDLQ/HFOHUH
VGHDWKDQGDVWKHODWWHUKDG
WROGPHJDYHPHDOHWWHUWRFDUU\RQWRDSHUVRQLQ3DULV
,XQGHUWRRNLWEHFDXVHLWZDVZKDWP\FDSWDLQKDGEDGHPH
GR,ODQGHGKHUHUHJXODWHGWKHDIIDLUVRIWKHYHVVHODQG
KDVWHQHGWRYLVLWP\DIILDQFHGEULGHZKRP,IRXQGPRUH
ORYHO\WKDQHYHU7KDQNVWR00RUUHODOOWKHIRUPVZHUH
JRWRYHULQDZRUG,ZDVDV,WROG\RXDWP\
PDUULDJHIHDVWDQG,VKRXOGKDYHEHHQPDUULHGLQDQKRXU
DQGWRPRUURZ,LQWHQGHGWRVWDUWIRU3DULVKDG,QRWEHHQ
DUUHVWHGRQWKLVFKDUJHZKLFK\RXDVZHOODV,QRZVHHWREH
XQMXVW

77

$KVDLG9LOOHIRUWWKLVVHHPVWRPHWKHWUXWK,I\RX
KDYHEHHQFXOSDEOHLWZDVLPSUXGHQFHDQGWKLVLPSUXGHQFH
ZDVLQREHGLHQFHWRWKHRUGHUVRI\RXUFDSWDLQ*LYHXSWKLV
OHWWHU\RXKDYHEURXJKWIURP(OEDDQGSDVV\RXUZRUG\RX
ZLOODSSHDUVKRXOG\RXEHUHTXLUHGDQGJRDQGUHMRLQ\RXU
IULHQGV
,DPIUHHWKHQVLU"FULHG'DQWHVMR\IXOO\
<HVEXWILUVWJLYHPHWKLVOHWWHU
<RXKDYHLWDOUHDG\IRULWZDVWDNHQIURPPHZLWKVRPH
RWKHUVZKLFK,VHHLQWKDWSDFNHW
6WRSDPRPHQWVDLGWKHGHSXW\DV'DQWHVWRRNKLVKDWDQG
JORYHV7RZKRPLVLWDGGUHVVHG"
7R0RQVLHXU1RLUWLHU5XH&RT+HURQ3DULV+DGD
WKXQGHUEROWIDOOHQLQWRWKHURRP9LOOHIRUWFRXOGQRWKDYH
EHHQPRUHVWXSHILHG+HVDQNLQWRKLVVHDWDQGKDVWLO\
WXUQLQJRYHUWKHSDFNHWGUHZIRUWKWKHIDWDOOHWWHUDW
ZKLFKKHJODQFHGZLWKDQH[SUHVVLRQRIWHUURU
01RLUWLHU5XH&RT+HURQ1RPXUPXUHGKHJURZLQJ
VWLOOSDOHU
<HVVDLG'DQWHVGR\RXNQRZKLP"
1RUHSOLHG9LOOHIRUWDIDLWKIXOVHUYDQWRIWKHNLQJ
GRHVQRWNQRZFRQVSLUDWRUV
,WLVDFRQVSLUDF\WKHQ"DVNHG'DQWHVZKRDIWHU
EHOLHYLQJKLPVHOIIUHHQRZEHJDQWRIHHODWHQIROGDODUP
,KDYHKRZHYHUDOUHDG\WROG\RXVLU,ZDVHQWLUHO\
LJQRUDQWRIWKHFRQWHQWVRIWKHOHWWHU
<HVEXW\RXNQHZWKHQDPHRIWKHSHUVRQWRZKRPLWZDV
DGGUHVVHGVDLG9LOOHIRUW
,ZDVIRUFHGWRUHDGWKHDGGUHVVWRNQRZWRZKRPWRJLYH
LW
+DYH\RXVKRZQWKLVOHWWHUWRDQ\RQH"DVNHG9LOOHIRUW

78

EHFRPLQJVWLOOPRUHSDOH
7RQRRQHRQP\KRQRU
(YHU\ERG\LVLJQRUDQWWKDW\RXDUHWKHEHDUHURIDOHWWHU
IURPWKH,VODQGRI(OEDDQGDGGUHVVHGWR01RLUWLHU"
(YHU\ERG\H[FHSWWKHSHUVRQZKRJDYHLWWRPH
$QGWKDWZDVWRRPXFKIDUWRRPXFKPXUPXUHG9LOOHIRUW
9LOOHIRUW
VEURZGDUNHQHGPRUHDQGPRUHKLVZKLWHOLSVDQG
FOLQFKHGWHHWKILOOHG'DQWHVZLWKDSSUHKHQVLRQ$IWHU
UHDGLQJWKHOHWWHU9LOOHIRUWFRYHUHGKLVIDFHZLWKKLV
KDQGV
2KVDLG'DQWHVWLPLGO\ZKDWLVWKHPDWWHU"9LOOHIRUW
PDGHQRDQVZHUEXWUDLVHGKLVKHDGDWWKHH[SLUDWLRQRID
IHZVHFRQGVDQGDJDLQSHUXVHGWKHOHWWHU
$QG\RXVD\WKDW\RXDUHLJQRUDQWRIWKHFRQWHQWVRIWKLV
OHWWHU"
,JLYH\RXP\ZRUGRIKRQRUVLUVDLG'DQWHVEXWZKDW
LVWKHPDWWHU"<RXDUHLOOVKDOO,ULQJIRUDVVLVWDQFH"
VKDOO,FDOO"
1RVDLG9LOOHIRUWULVLQJKDVWLO\VWD\ZKHUH\RXDUH
,WLVIRUPHWRJLYHRUGHUVKHUHDQGQRW\RX
0RQVLHXUUHSOLHG'DQWHVSURXGO\LWZDVRQO\WRVXPPRQ
DVVLVWDQFHIRU\RX
,ZDQWQRQHLWZDVDWHPSRUDU\LQGLVSRVLWLRQ$WWHQGWR
\RXUVHOIDQVZHUPH'DQWHVZDLWHGH[SHFWLQJDTXHVWLRQ
EXWLQYDLQ9LOOHIRUWIHOOEDFNRQKLVFKDLUSDVVHGKLV
KDQGRYHUKLVEURZPRLVWZLWKSHUVSLUDWLRQDQGIRUWKH
WKLUGWLPHUHDGWKHOHWWHU
2KLIKHNQRZVWKHFRQWHQWVRIWKLVPXUPXUHGKHDQG
WKDW1RLUWLHULVWKHIDWKHURI9LOOHIRUW,DPORVW$QGKH
IL[HGKLVH\HVXSRQ(GPRQGDVLIKHZRXOGKDYHSHQHWUDWHG
KLVWKRXJKWV
2KLWLVLPSRVVLEOHWRGRXEWLWFULHGKHVXGGHQO\

79

,QKHDYHQ
VQDPHFULHGWKHXQKDSS\\RXQJPDQLI\RX
GRXEWPHTXHVWLRQPH,ZLOODQVZHU\RX9LOOHIRUWPDGHD
YLROHQWHIIRUWDQGLQDWRQHKHVWURYHWRUHQGHUILUP
6LUVDLGKH,DPQRORQJHUDEOHDV,KDGKRSHGWR
UHVWRUH\RXLPPHGLDWHO\WROLEHUW\EHIRUHGRLQJVR,PXVW
FRQVXOWWKHWULDOMXVWLFHZKDWP\RZQIHHOLQJLV\RX
DOUHDG\NQRZ
2KPRQVLHXUFULHG'DQWHV\RXKDYHEHHQUDWKHUDIULHQG
WKDQDMXGJH
:HOO,PXVWGHWDLQ\RXVRPHWLPHORQJHUEXW,ZLOOVWULYH
WRPDNHLWDVVKRUWDVSRVVLEOH7KHSULQFLSDOFKDUJH
DJDLQVW\RXLVWKLVOHWWHUDQG\RXVHH9LOOHIRUW
DSSURDFKHGWKHILUHFDVWLWLQDQGZDLWHGXQWLOLWZDV
HQWLUHO\FRQVXPHG
<RXVHH,GHVWUR\LW"
2KH[FODLPHG'DQWHV\RXDUHJRRGQHVVLWVHOI
/LVWHQFRQWLQXHG9LOOHIRUW\RXFDQQRZKDYHFRQILGHQFH
LQPHDIWHUZKDW,KDYHGRQH
2KFRPPDQGDQG,ZLOOREH\
/LVWHQWKLVLVQRWDFRPPDQGEXWDGYLFH,JLYH\RX
6SHDNDQG,ZLOOIROORZ\RXUDGYLFH
,VKDOOGHWDLQ\RXXQWLOWKLVHYHQLQJLQWKH3DODLVGH
-XVWLFH6KRXOGDQ\RQHHOVHLQWHUURJDWH\RXVD\WRKLP
ZKDW\RXKDYHVDLGWRPHEXWGRQRWEUHDWKHDZRUGRIWKLV
OHWWHU
,SURPLVH,WZDV9LOOHIRUWZKRVHHPHGWRHQWUHDWDQGWKH
SULVRQHUZKRUHDVVXUHGKLP
<RXVHHFRQWLQXHGKHJODQFLQJWRZDUGWKHJUDWHZKHUH
IUDJPHQWVRIEXUQWSDSHUIOXWWHUHGLQWKHIODPHVWKH
OHWWHULVGHVWUR\HG\RXDQG,DORQHNQRZRILWVH[LVWHQFH
VKRXOG\RXWKHUHIRUHEHTXHVWLRQHGGHQ\DOONQRZOHGJHRI

80

LWGHQ\LWEROGO\DQG\RXDUHVDYHG
%HVDWLVILHG,ZLOOGHQ\LW
,WZDVWKHRQO\OHWWHU\RXKDG"
,WZDV
6ZHDULW
,VZHDULW
9LOOHIRUWUDQJ$SROLFHDJHQWHQWHUHG9LOOHIRUWZKLVSHUHG
VRPHZRUGVLQKLVHDUWRZKLFKWKHRIILFHUUHSOLHGE\D
PRWLRQRIKLVKHDG
)ROORZKLPVDLG9LOOHIRUWWR'DQWHV'DQWHVVDOXWHG
9LOOHIRUWDQGUHWLUHG+DUGO\KDGWKHGRRUFORVHGZKHQ
9LOOHIRUWWKUHZKLPVHOIKDOIIDLQWLQJLQWRDFKDLU
$ODVDODVPXUPXUHGKHLIWKHSURFXUHXUKLPVHOIKDG
EHHQDW0DUVHLOOHV,VKRXOGKDYHEHHQUXLQHG7KLVDFFXUVHG
OHWWHUZRXOGKDYHGHVWUR\HGDOOP\KRSHV2KP\IDWKHU
PXVW\RXUSDVWFDUHHUDOZD\VLQWHUIHUHZLWKP\VXFFHVVHV"
6XGGHQO\DOLJKWSDVVHGRYHUKLVIDFHDVPLOHSOD\HGURXQG
KLVVHWPRXWKDQGKLVKDJJDUGH\HVZHUHIL[HGLQWKRXJKW
7KLVZLOOGRVDLGKHDQGIURPWKLVOHWWHUZKLFKPLJKW
KDYHUXLQHGPH,ZLOOPDNHP\IRUWXQH1RZWRWKHZRUN,
KDYHLQKDQG$QGDIWHUKDYLQJDVVXUHGKLPVHOIWKDWWKH
SULVRQHUZDVJRQHWKHGHSXW\SURFXUHXUKDVWHQHGWRWKH
KRXVHRIKLVEHWURWKHG

&KDSWHU
7KH&KDWHDX'
,I
7KHFRPPLVVDU\RISROLFHDVKHWUDYHUVHGWKHDQWHFKDPEHU
PDGHDVLJQWRWZRJHQGDUPHVZKRSODFHGWKHPVHOYHVRQHRQ
'DQWHV
ULJKWDQGWKHRWKHURQKLVOHIW$GRRUWKDW
FRPPXQLFDWHGZLWKWKH3DODLVGH-XVWLFHZDVRSHQHGDQGWKH\
ZHQWWKURXJKDORQJUDQJHRIJORRP\FRUULGRUVZKRVH
DSSHDUDQFHPLJKWKDYHPDGHHYHQWKHEROGHVWVKXGGHU7KH

81

3DODLVGH-XVWLFHFRPPXQLFDWHGZLWKWKHSULVRQDVRPEUH
HGLILFHWKDWIURPLWVJUDWHGZLQGRZVORRNVRQWKH
FORFNWRZHURIWKH$FFRXOHV$IWHUQXPEHUOHVVZLQGLQJV
'DQWHVVDZDGRRUZLWKDQLURQZLFNHW7KHFRPPLVVDU\WRRN
XSDQLURQPDOOHWDQGNQRFNHGWKULFHHYHU\EORZVHHPLQJWR
'DQWHVDVLIVWUXFNRQKLVKHDUW7KHGRRURSHQHGWKHWZR
JHQGDUPHVJHQWO\SXVKHGKLPIRUZDUGDQGWKHGRRUFORVHG
ZLWKDORXGVRXQGEHKLQGKLP7KHDLUKHLQKDOHGZDVQR
ORQJHUSXUHEXWWKLFNDQGPHSKLWLFKHZDVLQSULVRQ+H
ZDVFRQGXFWHGWRDWROHUDEO\QHDWFKDPEHUEXWJUDWHGDQG
EDUUHGDQGLWVDSSHDUDQFHWKHUHIRUHGLGQRWJUHDWO\DODUP
KLPEHVLGHVWKHZRUGVRI9LOOHIRUWZKRVHHPHGWRLQWHUHVW
KLPVHOIVRPXFKUHVRXQGHGVWLOOLQKLVHDUVOLNHDSURPLVH
RIIUHHGRP,WZDVIRXUR
FORFNZKHQ'DQWHVZDVSODFHGLQ
WKLVFKDPEHU,WZDVDVZHKDYHVDLGWKHVWRI0DUFKDQG
WKHSULVRQHUZDVVRRQEXULHGLQGDUNQHVV7KHREVFXULW\
DXJPHQWHGWKHDFXWHQHVVRIKLVKHDULQJDWWKHVOLJKWHVW
VRXQGKHURVHDQGKDVWHQHGWRWKHGRRUFRQYLQFHGWKH\ZHUH
DERXWWROLEHUDWHKLPEXWWKHVRXQGGLHGDZD\DQG'DQWHV
VDQNDJDLQLQWRKLVVHDW$WODVWDERXWWHQR
FORFNDQG
MXVWDV'DQWHVEHJDQWRGHVSDLUVWHSVZHUHKHDUGLQWKH
FRUULGRUDNH\WXUQHGLQWKHORFNWKHEROWVFUHDNHGWKH
PDVV\RDNHQGRRUIOHZRSHQDQGDIORRGRIOLJKWIURPWZR
WRUFKHVSHUYDGHGWKHDSDUWPHQW%\WKHWRUFKOLJKW'DQWHVVDZ
WKHJOLWWHULQJVDEUHVDQGFDUELQHVRIIRXUJHQGDUPHV+HKDG
DGYDQFHGDWILUVWEXWVWRSSHGDWWKHVLJKWRIWKLVGLVSOD\
RIIRUFH
$UH\RXFRPHWRIHWFKPH"DVNHGKH
<HVUHSOLHGDJHQGDUPH
%\WKHRUGHUVRIWKHGHSXW\SURFXUHXU"
,EHOLHYHVR7KHFRQYLFWLRQWKDWWKH\FDPHIURP0GH
9LOOHIRUWUHOLHYHGDOO'DQWHV
DSSUHKHQVLRQVKHDGYDQFHG
FDOPO\DQGSODFHGKLPVHOILQWKHFHQWUHRIWKHHVFRUW$
FDUULDJHZDLWHGDWWKHGRRUWKHFRDFKPDQZDVRQWKHER[
DQGDSROLFHRIILFHUVDWEHVLGHKLP
,VWKLVFDUULDJHIRUPH"VDLG'DQWHV
,WLVIRU\RXUHSOLHGDJHQGDUPH

82

'DQWHVZDVDERXWWRVSHDNEXWIHHOLQJKLPVHOIXUJHG
IRUZDUGDQGKDYLQJQHLWKHUWKHSRZHUQRUWKHLQWHQWLRQWR
UHVLVWKHPRXQWHGWKHVWHSVDQGZDVLQDQLQVWDQWVHDWHG
LQVLGHEHWZHHQWZRJHQGDUPHVWKHWZRRWKHUVWRRNWKHLU
SODFHVRSSRVLWHDQGWKHFDUULDJHUROOHGKHDYLO\RYHUWKH
VWRQHV
7KHSULVRQHUJODQFHGDWWKHZLQGRZVWKH\ZHUHJUDWHGKH
KDGFKDQJHGKLVSULVRQIRUDQRWKHUWKDWZDVFRQYH\LQJKLPKH
NQHZQRWZKLWKHU7KURXJKWKHJUDWLQJKRZHYHU'DQWHVVDZ
WKH\ZHUHSDVVLQJWKURXJKWKH5XH&DLVVHULHDQGE\WKH5XH
6DLQW/DXUHQWDQGWKH5XH7DUDPLVWRWKHSRUW6RRQKHVDZ
WKHOLJKWVRI/D&RQVLJQH
7KHFDUULDJHVWRSSHGWKHRIILFHUGHVFHQGHGDSSURDFKHGWKH
JXDUGKRXVHDGR]HQVROGLHUVFDPHRXWDQGIRUPHGWKHPVHOYHV
LQRUGHU'DQWHVVDZWKHUHIOHFWLRQRIWKHLUPXVNHWVE\WKH
OLJKWRIWKHODPSVRQWKHTXD\
&DQDOOWKLVIRUFHEHVXPPRQHGRQP\DFFRXQW"WKRXJKWKH
7KHRIILFHURSHQHGWKHGRRUZKLFKZDVORFNHGDQGZLWKRXW
VSHDNLQJDZRUGDQVZHUHG'DQWHV
TXHVWLRQIRUKHVDZ
EHWZHHQWKHUDQNVRIWKHVROGLHUVDSDVVDJHIRUPHGIURPWKH
FDUULDJHWRWKHSRUW7KHWZRJHQGDUPHVZKRZHUHRSSRVLWHWR
KLPGHVFHQGHGILUVWWKHQKHZDVRUGHUHGWRDOLJKWDQGWKH
JHQGDUPHVRQHDFKVLGHRIKLPIROORZHGKLVH[DPSOH7KH\
DGYDQFHGWRZDUGVDERDWZKLFKDFXVWRPKRXVHRIILFHUKHOG
E\DFKDLQQHDUWKHTXD\
7KHVROGLHUVORRNHGDW'DQWHVZLWKDQDLURIVWXSLG
FXULRVLW\,QDQLQVWDQWKHZDVSODFHGLQWKHVWHUQVKHHWV
RIWKHERDWEHWZHHQWKHJHQGDUPHVZKLOHWKHRIILFHU
VWDWLRQHGKLPVHOIDWWKHERZDVKRYHVHQWWKHERDWDGULIW
DQGIRXUVWXUG\RDUVPHQLPSHOOHGLWUDSLGO\WRZDUGVWKH
3LORQ$WDVKRXWIURPWKHERDWWKHFKDLQWKDWFORVHVWKH
PRXWKRIWKHSRUWZDVORZHUHGDQGLQDVHFRQGWKH\ZHUHDV
'DQWHVNQHZLQWKH)ULRXODQGRXWVLGHWKHLQQHUKDUERU
7KHSULVRQHU
VILUVWIHHOLQJZDVRIMR\DWDJDLQEUHDWKLQJ
WKHSXUHDLUIRUDLULVIUHHGRPEXWKHVRRQVLJKHGIRU
KHSDVVHGEHIRUH/D5HVHUYHZKHUHKHKDGWKDWPRUQLQJEHHQ
VRKDSS\DQGQRZWKURXJKWKHRSHQZLQGRZVFDPHWKHODXJKWHU
DQGUHYHOU\RIDEDOO'DQWHVIROGHGKLVKDQGVUDLVHGKLV

83

H\HVWRKHDYHQDQGSUD\HGIHUYHQWO\
7KHERDWFRQWLQXHGKHUYR\DJH7KH\KDGSDVVHGWKH7HWHGH
0RUWHZHUHQRZRIIWKH$QVHGX3KDURDQGDERXWWRGRXEOH
WKHEDWWHU\7KLVPDQRHXYUHZDVLQFRPSUHKHQVLEOHWR'DQWHV
:KLWKHUDUH\RXWDNLQJPH"DVNHGKH
<RXZLOOVRRQNQRZ
%XWVWLOO
:HDUHIRUELGGHQWRJLYH\RXDQ\H[SODQDWLRQ'DQWHV
WUDLQHGLQGLVFLSOLQHNQHZWKDWQRWKLQJZRXOGEHPRUH
DEVXUGWKDQWRTXHVWLRQVXERUGLQDWHVZKRZHUHIRUELGGHQWR
UHSO\DQGVRKHUHPDLQHGVLOHQW
7KHPRVWYDJXHDQGZLOGWKRXJKWVSDVVHGWKURXJKKLVPLQG
7KHERDWWKH\ZHUHLQFRXOGQRWPDNHDORQJYR\DJHWKHUH
ZDVQRYHVVHODWDQFKRURXWVLGHWKHKDUERUKHWKRXJKW
SHUKDSVWKH\ZHUHJRLQJWROHDYHKLPRQVRPHGLVWDQWSRLQW
+HZDVQRWERXQGQRUKDGWKH\PDGHDQ\DWWHPSWWRKDQGFXII
KLPWKLVVHHPHGDJRRGDXJXU\%HVLGHVKDGQRWWKHGHSXW\
ZKRKDGEHHQVRNLQGWRKLPWROGKLPWKDWSURYLGHGKHGLG
QRWSURQRXQFHWKHGUHDGHGQDPHRI1RLUWLHUKHKDGQRWKLQJ
WRDSSUHKHQG"+DGQRW9LOOHIRUWLQKLVSUHVHQFHGHVWUR\HG
WKHIDWDOOHWWHUWKHRQO\SURRIDJDLQVWKLP"
+HZDLWHGVLOHQWO\VWULYLQJWRSLHUFHWKURXJKWKHGDUNQHVV
7KH\KDGOHIWWKH,OH5DWRQQHDXZKHUHWKHOLJKWKRXVHVWRRG
RQWKHULJKWDQGZHUHQRZRSSRVLWHWKH3RLQWGHV&DWDODQV
,WVHHPHGWRWKHSULVRQHUWKDWKHFRXOGGLVWLQJXLVKD
IHPLQLQHIRUPRQWKHEHDFKIRULWZDVWKHUH0HUFHGHVGZHOW
+RZZDVLWWKDWDSUHVHQWLPHQWGLGQRWZDUQ0HUFHGHVWKDW
KHUORYHUZDVZLWKLQWKUHHKXQGUHG\DUGVRIKHU"
2QHOLJKWDORQHZDVYLVLEOHDQG'DQWHVVDZWKDWLWFDPH
IURP0HUFHGHV
FKDPEHU0HUFHGHVZDVWKHRQO\RQHDZDNHLQ
WKHZKROHVHWWOHPHQW$ORXGFU\FRXOGEHKHDUGE\KHU%XW
SULGHUHVWUDLQHGKLPDQGKHGLGQRWXWWHULW:KDWZRXOGKLV
JXDUGVWKLQNLIWKH\KHDUGKLPVKRXWOLNHDPDGPDQ"
+HUHPDLQHGVLOHQWKLVH\HVIL[HGXSRQWKHOLJKWWKHERDW

84

ZHQWRQEXWWKHSULVRQHUWKRXJKWRQO\RI0HUFHGHV$Q
LQWHUYHQLQJHOHYDWLRQRIODQGKLGWKHOLJKW'DQWHVWXUQHG
DQGSHUFHLYHGWKDWWKH\KDGJRWRXWWRVHD:KLOHKHKDG
EHHQDEVRUEHGLQWKRXJKWWKH\KDGVKLSSHGWKHLURDUVDQG
KRLVWHGVDLOWKHERDWZDVQRZPRYLQJZLWKWKHZLQG
,QVSLWHRIKLVUHSXJQDQFHWRDGGUHVVWKHJXDUGV'DQWHV
WXUQHGWRWKHQHDUHVWJHQGDUPHDQGWDNLQJKLVKDQG
&RPUDGHVDLGKH,DGMXUH\RXDVD&KULVWLDQDQGD
VROGLHUWRWHOOPHZKHUHZHDUHJRLQJ,DP&DSWDLQ'DQWHV
DOR\DO)UHQFKPDQWKRXJKWDFFXVHGRIWUHDVRQWHOOPHZKHUH
\RXDUHFRQGXFWLQJPHDQG,SURPLVH\RXRQP\KRQRU,ZLOO
VXEPLWWRP\IDWH
7KHJHQGDUPHORRNHGLUUHVROXWHO\DWKLVFRPSDQLRQZKR
UHWXUQHGIRUDQVZHUDVLJQWKDWVDLG,VHHQRJUHDWKDUP
LQWHOOLQJKLPQRZDQGWKHJHQGDUPHUHSOLHG
<RXDUHDQDWLYHRI0DUVHLOOHVDQGDVDLORUDQG\HW\RX
GRQRWNQRZZKHUH\RXDUHJRLQJ"
2QP\KRQRU,KDYHQRLGHD
+DYH\RXQRLGHDZKDWHYHU"
1RQHDWDOO
7KDWLVLPSRVVLEOH
,VZHDUWR\RXLWLVWUXH7HOOPH,HQWUHDW
%XWP\RUGHUV
<RXURUGHUVGRQRWIRUELG\RXUWHOOLQJPHZKDW,PXVWNQRZ
LQWHQPLQXWHVLQKDOIDQKRXURUDQKRXU<RXVHH,
FDQQRWHVFDSHHYHQLI,LQWHQGHG
8QOHVV\RXDUHEOLQGRUKDYHQHYHUEHHQRXWVLGHWKH
KDUERU\RXPXVWNQRZ
,GRQRW
/RRNURXQG\RXWKHQ'DQWHVURVHDQGORRNHGIRUZDUGZKHQ

85

KHVDZULVHZLWKLQDKXQGUHG\DUGVRIKLPWKHEODFNDQG
IURZQLQJURFNRQZKLFKVWDQGVWKH&KDWHDXG
,I7KLVJORRP\
IRUWUHVVZKLFKKDVIRUPRUHWKDQWKUHHKXQGUHG\HDUV
IXUQLVKHGIRRGIRUVRPDQ\ZLOGOHJHQGVVHHPHGWR'DQWHV
OLNHDVFDIIROGWRDPDOHIDFWRU
7KH&KDWHDXG
,I"FULHGKHZKDWDUHZHJRLQJWKHUHIRU"
7KHJHQGDUPHVPLOHG
,DPQRWJRLQJWKHUHWREHLPSULVRQHGVDLG'DQWHVLWLV
RQO\XVHGIRUSROLWLFDOSULVRQHUV,KDYHFRPPLWWHGQR
FULPH$UHWKHUHDQ\PDJLVWUDWHVRUMXGJHVDWWKH&KDWHDX
G
,I"
7KHUHDUHRQO\VDLGWKHJHQGDUPHDJRYHUQRUD
JDUULVRQWXUQNH\VDQGJRRGWKLFNZDOOV&RPHFRPHGRQRW
ORRNVRDVWRQLVKHGRU\RXZLOOPDNHPHWKLQN\RXDUH
ODXJKLQJDWPHLQUHWXUQIRUP\JRRGQDWXUH'DQWHVSUHVVHG
WKHJHQGDUPH
VKDQGDVWKRXJKKHZRXOGFUXVKLW
<RXWKLQNWKHQVDLGKHWKDW,DPWDNHQWRWKH&KDWHDX
G
,IWREHLPSULVRQHGWKHUH"
,WLVSUREDEOHEXWWKHUHLVQRRFFDVLRQWRVTXHH]HVR
KDUG
:LWKRXWDQ\LQTXLU\ZLWKRXWDQ\IRUPDOLW\"
$OOWKHIRUPDOLWLHVKDYHEHHQJRQHWKURXJKWKHLQTXLU\LV
DOUHDG\PDGH
$QGVRLQVSLWHRI0GH9LOOHIRUW
VSURPLVHV"
,GRQRWNQRZZKDW0GH9LOOHIRUWSURPLVHG\RXVDLGWKH
JHQGDUPHEXW,NQRZZHDUHWDNLQJ\RXWRWKH&KDWHDXG
,I
%XWZKDWDUH\RXGRLQJ"+HOSFRPUDGHVKHOS
%\DUDSLGPRYHPHQWZKLFKWKHJHQGDUPH
VSUDFWLFHGH\HKDG
SHUFHLYHG'DQWHVVSUDQJIRUZDUGWRSUHFLSLWDWHKLPVHOILQWR
WKHVHDEXWIRXUYLJRURXVDUPVVHL]HGKLPDVKLVIHHW
TXLWWHGWKHERWWRPRIWKHERDW+HIHOOEDFNFXUVLQJZLWK
UDJH
*RRGVDLGWKHJHQGDUPHSODFLQJKLVNQHHRQKLVFKHVW

86

EHOLHYHVRIWVSRNHQJHQWOHPHQDJDLQ+DUN\HP\IULHQG,
KDYHGLVREH\HGP\ILUVWRUGHUEXW,ZLOOQRWGLVREH\WKH
VHFRQGDQGLI\RXPRYH,ZLOOEORZ\RXUEUDLQVRXW$QG
KHOHYHOOHGKLVFDUELQHDW'DQWHVZKRIHOWWKHPX]]OH
DJDLQVWKLVWHPSOH
)RUDPRPHQWWKHLGHDRIVWUXJJOLQJFURVVHGKLVPLQGDQGRI
VRHQGLQJWKHXQH[SHFWHGHYLOWKDWKDGRYHUWDNHQKLP%XWKH
EHWKRXJKWKLPRI0GH9LOOHIRUW
VSURPLVHDQGEHVLGHV
GHDWKLQDERDWIURPWKHKDQGRIDJHQGDUPHVHHPHGWRR
WHUULEOH+HUHPDLQHGPRWLRQOHVVEXWJQDVKLQJKLVWHHWKDQG
ZULQJLQJKLVKDQGVZLWKIXU\
$WWKLVPRPHQWWKHERDWFDPHWRDODQGLQJZLWKDYLROHQW
VKRFN2QHRIWKHVDLORUVOHDSHGRQVKRUHDFRUGFUHDNHGDV
LWUDQWKURXJKDSXOOH\DQG'DQWHVJXHVVHGWKH\ZHUHDWWKH
HQGRIWKHYR\DJHDQGWKDWWKH\ZHUHPRRULQJWKHERDW
+LVJXDUGVWDNLQJKLPE\WKHDUPVDQGFRDWFROODUIRUFHG
KLPWRULVHDQGGUDJJHGKLPWRZDUGVWKHVWHSVWKDWOHDGWR
WKHJDWHRIWKHIRUWUHVVZKLOHWKHSROLFHRIILFHUFDUU\LQJ
DPXVNHWZLWKIL[HGED\RQHWIROORZHGEHKLQG
'DQWHVPDGHQRUHVLVWDQFHKHZDVOLNHDPDQLQDGUHDPKH
VDZVROGLHUVGUDZQXSRQWKHHPEDQNPHQWKHNQHZYDJXHO\
WKDWKHZDVDVFHQGLQJDIOLJKWRIVWHSVKHZDVFRQVFLRXV
WKDWKHSDVVHGWKURXJKDGRRUDQGWKDWWKHGRRUFORVHG
EHKLQGKLPEXWDOOWKLVLQGLVWLQFWO\DVWKURXJKDPLVW+H
GLGQRWHYHQVHHWKHRFHDQWKDWWHUULEOHEDUULHUDJDLQVW
IUHHGRPZKLFKWKHSULVRQHUVORRNXSRQZLWKXWWHUGHVSDLU
7KH\KDOWHGIRUDPLQXWHGXULQJZKLFKKHVWURYHWRFROOHFW
KLVWKRXJKWV+HORRNHGDURXQGKHZDVLQDFRXUWVXUURXQGHG
E\KLJKZDOOVKHKHDUGWKHPHDVXUHGWUHDGRIVHQWLQHOVDQG
DVWKH\SDVVHGEHIRUHWKHOLJKWKHVDZWKHEDUUHOVRIWKHLU
PXVNHWVVKLQH
7KH\ZDLWHGXSZDUGVRIWHQPLQXWHV&HUWDLQ'DQWHVFRXOGQRW
HVFDSHWKHJHQGDUPHVUHOHDVHGKLP7KH\VHHPHGDZDLWLQJ
RUGHUV7KHRUGHUVFDPH
:KHUHLVWKHSULVRQHU"VDLGDYRLFH
+HUHUHSOLHGWKHJHQGDUPHV

87

/HWKLPIROORZPH,ZLOOWDNHKLPWRKLVFHOO
*RVDLGWKHJHQGDUPHVWKUXVWLQJ'DQWHVIRUZDUG
7KHSULVRQHUIROORZHGKLVJXLGHZKROHGKLPLQWRDURRP
DOPRVWXQGHUJURXQGZKRVHEDUHDQGUHHNLQJZDOOVVHHPHGDV
WKRXJKLPSUHJQDWHGZLWKWHDUVDODPSSODFHGRQDVWRRO
LOOXPLQHGWKHDSDUWPHQWIDLQWO\DQGVKRZHG'DQWHVWKH
IHDWXUHVRIKLVFRQGXFWRUDQXQGHUMDLOHULOOFORWKHGDQG
RIVXOOHQDSSHDUDQFH
+HUHLV\RXUFKDPEHUIRUWRQLJKWVDLGKH,WLVODWH
DQGWKHJRYHUQRULVDVOHHS7RPRUURZSHUKDSVKHPD\
FKDQJH\RX,QWKHPHDQWLPHWKHUHLVEUHDGZDWHUDQGIUHVK
VWUDZDQGWKDWLVDOODSULVRQHUFDQZLVKIRU*RRGQLJKW
$QGEHIRUH'DQWHVFRXOGRSHQKLVPRXWKEHIRUHKHKDG
QRWLFHGZKHUHWKHMDLOHUSODFHGKLVEUHDGRUWKHZDWHU
EHIRUHKHKDGJODQFHGWRZDUGVWKHFRUQHUZKHUHWKHVWUDZ
ZDVWKHMDLOHUGLVDSSHDUHGWDNLQJZLWKKLPWKHODPSDQG
FORVLQJWKHGRRUOHDYLQJVWDPSHGXSRQWKHSULVRQHU
VPLQG
WKHGLPUHIOHFWLRQRIWKHGULSSLQJZDOOVRIKLVGXQJHRQ
'DQWHVZDVDORQHLQGDUNQHVVDQGLQVLOHQFHFROGDVWKH
VKDGRZVWKDWKHIHOWEUHDWKHRQKLVEXUQLQJIRUHKHDG:LWK
WKHILUVWGDZQRIGD\WKHMDLOHUUHWXUQHGZLWKRUGHUVWR
OHDYH'DQWHVZKHUHKHZDV+HIRXQGWKHSULVRQHULQWKHVDPH
SRVLWLRQDVLIIL[HGWKHUHKLVH\HVVZROOHQZLWKZHHSLQJ
+HKDGSDVVHGWKHQLJKWVWDQGLQJDQGZLWKRXWVOHHS7KH
MDLOHUDGYDQFHG'DQWHVDSSHDUHGQRWWRSHUFHLYHKLP+H
WRXFKHGKLPRQWKHVKRXOGHU(GPRQGVWDUWHG
+DYH\RXQRWVOHSW"VDLGWKHMDLOHU
,GRQRWNQRZUHSOLHG'DQWHV7KHMDLOHUVWDUHG
$UH\RXKXQJU\"FRQWLQXHGKH
,GRQRWNQRZ
'R\RXZLVKIRUDQ\WKLQJ"
,ZLVKWRVHHWKHJRYHUQRU7KHMDLOHUVKUXJJHGKLV
VKRXOGHUVDQGOHIWWKHFKDPEHU

88

'DQWHVIROORZHGKLPZLWKKLVH\HVDQGVWUHWFKHGIRUWKKLV
KDQGVWRZDUGVWKHRSHQGRRUEXWWKHGRRUFORVHG$OOKLV
HPRWLRQWKHQEXUVWIRUWKKHFDVWKLPVHOIRQWKHJURXQG
ZHHSLQJELWWHUO\DQGDVNLQJKLPVHOIZKDWFULPHKHKDG
FRPPLWWHGWKDWKHZDVWKXVSXQLVKHG
7KHGD\SDVVHGWKXVKHVFDUFHO\WDVWHGIRRGEXWZDONHG
URXQGDQGURXQGWKHFHOOOLNHDZLOGEHDVWLQLWVFDJH2QH
WKRXJKWLQSDUWLFXODUWRUPHQWHGKLPQDPHO\WKDWGXULQJKLV
MRXUQH\KLWKHUKHKDGVDWVRVWLOOZKHUHDVKHPLJKWD
GR]HQWLPHVKDYHSOXQJHGLQWRWKHVHDDQGWKDQNVWRKLV
SRZHUVRIVZLPPLQJIRUZKLFKKHZDVIDPRXVKDYHJDLQHGWKH
VKRUHFRQFHDOHGKLPVHOIXQWLOWKHDUULYDORID*HQRHVHRU
6SDQLVKYHVVHOHVFDSHGWR6SDLQRU,WDO\ZKHUH0HUFHGHV
DQGKLVIDWKHUFRXOGKDYHMRLQHGKLP+HKDGQRIHDUVDVWR
KRZKHVKRXOGOLYHJRRGVHDPHQDUHZHOFRPHHYHU\ZKHUH+H
VSRNH,WDOLDQOLNHD7XVFDQDQG6SDQLVKOLNHD&DVWLOLDQ
KHZRXOGKDYHEHHQIUHHDQGKDSS\ZLWK0HUFHGHVDQGKLV
IDWKHUZKHUHDVKHZDVQRZFRQILQHGLQWKH&KDWHDXG
,I
WKDWLPSUHJQDEOHIRUWUHVVLJQRUDQWRIWKHIXWXUHGHVWLQ\RI
KLVIDWKHUDQG0HUFHGHVDQGDOOWKLVEHFDXVHKHKDGWUXVWHG
WR9LOOHIRUW
VSURPLVH7KHWKRXJKWZDVPDGGHQLQJDQG
'DQWHVWKUHZKLPVHOIIXULRXVO\GRZQRQKLVVWUDZ7KHQH[W
PRUQLQJDWWKHVDPHKRXUWKHMDLOHUFDPHDJDLQ
:HOOVDLGWKHMDLOHUDUH\RXPRUHUHDVRQDEOHWRGD\"
'DQWHVPDGHQRUHSO\
&RPHFKHHUXSLVWKHUHDQ\WKLQJWKDW,FDQGRIRU\RX"
,ZLVKWRVHHWKHJRYHUQRU
,KDYHDOUHDG\WROG\RXLWZDVLPSRVVLEOH
:K\VR"
%HFDXVHLWLVDJDLQVWSULVRQUXOHVDQGSULVRQHUVPXVWQRW
HYHQDVNIRULW
:KDWLVDOORZHGWKHQ"
%HWWHUIDUHLI\RXSD\IRULWERRNVDQGOHDYHWRZDON
DERXW

89

,GRQRWZDQWERRNV,DPVDWLVILHGZLWKP\IRRGDQGGR
QRWFDUHWRZDONDERXWEXW,ZLVKWRVHHWKHJRYHUQRU
,I\RXZRUU\PHE\UHSHDWLQJWKHVDPHWKLQJ,ZLOOQRW
EULQJ\RXDQ\PRUHWRHDW
:HOOWKHQVDLG(GPRQGLI\RXGRQRW,VKDOOGLHRI
KXQJHUWKDWLVDOO
7KHMDLOHUVDZE\KLVWRQHKHZRXOGEHKDSS\WRGLHDQGDV
HYHU\SULVRQHULVZRUWKWHQVRXVDGD\WRKLVMDLOHUKH
UHSOLHGLQDPRUHVXEGXHGWRQH
:KDW\RXDVNLVLPSRVVLEOHEXWLI\RXDUHYHU\ZHOO
EHKDYHG\RXZLOOEHDOORZHGWRZDONDERXWDQGVRPHGD\\RX
ZLOOPHHWWKHJRYHUQRUDQGLIKHFKRRVHVWRUHSO\WKDWLV
KLVDIIDLU
%XWDVNHG'DQWHVKRZORQJVKDOO,KDYHWRZDLW"
$KDPRQWKVL[PRQWKVD\HDU
,WLVWRRORQJDWLPH,ZLVKWRVHHKLPDWRQFH
$KVDLGWKHMDLOHUGRQRWDOZD\VEURRGRYHUZKDWLV
LPSRVVLEOHRU\RXZLOOEHPDGLQDIRUWQLJKW
<RXWKLQNVR"
<HVZHKDYHDQLQVWDQFHKHUHLWZDVE\DOZD\VRIIHULQJD
PLOOLRQRIIUDQFVWRWKHJRYHUQRUIRUKLVOLEHUW\WKDWDQ
DEEHEHFDPHPDGZKRZDVLQWKLVFKDPEHUEHIRUH\RX
+RZORQJKDVKHOHIWLW"
7ZR\HDUV
:DVKHOLEHUDWHGWKHQ"
1RKHZDVSXWLQDGXQJHRQ
/LVWHQVDLG'DQWHV,DPQRWDQDEEH,DPQRWPDG
SHUKDSV,VKDOOEHEXWDWSUHVHQWXQIRUWXQDWHO\,DPQRW

90

,ZLOOPDNH\RXDQRWKHURIIHU
:KDWLVWKDW"
,GRQRWRIIHU\RXDPLOOLRQEHFDXVH,KDYHLWQRWEXW,
ZLOOJLYH\RXDKXQGUHGFURZQVLIWKHILUVWWLPH\RXJRWR
0DUVHLOOHV\RXZLOOVHHNRXWD\RXQJJLUOQDPHG0HUFHGHV
DWWKH&DWDODQVDQGJLYHKHUWZROLQHVIURPPH
,I,WRRNWKHPDQGZHUHGHWHFWHG,VKRXOGORVHP\SODFH
ZKLFKLVZRUWKWZRWKRXVDQGIUDQFVD\HDUVRWKDW,VKRXOG
EHDJUHDWIRROWRUXQVXFKDULVNIRUWKUHHKXQGUHG
:HOOVDLG'DQWHVPDUNWKLVLI\RXUHIXVHDWOHDVWWR
WHOO0HUFHGHV,DPKHUH,ZLOOVRPHGD\KLGHP\VHOIEHKLQG
WKHGRRUDQGZKHQ\RXHQWHU,ZLOOGDVKRXW\RXUEUDLQV
ZLWKWKLVVWRRO
7KUHDWVFULHGWKHMDLOHUUHWUHDWLQJDQGSXWWLQJKLPVHOI
RQWKHGHIHQVLYH\RXDUHFHUWDLQO\JRLQJPDG7KHDEEH
EHJDQOLNH\RXDQGLQWKUHHGD\V\RXZLOOEHOLNHKLPPDG
HQRXJKWRWLHXSEXWIRUWXQDWHO\WKHUHDUHGXQJHRQV
KHUH'DQWHVZKLUOHGWKHVWRROURXQGKLVKHDG
$OOULJKWDOOULJKWVDLGWKHMDLOHUDOOULJKWVLQFH
\RXZLOOKDYHLWVR,ZLOOVHQGZRUGWRWKHJRYHUQRU
9HU\ZHOOUHWXUQHG'DQWHVGURSSLQJWKHVWRRODQGVLWWLQJ
RQLWDVLIKHZHUHLQUHDOLW\PDG7KHMDLOHUZHQWRXWDQG
UHWXUQHGLQDQLQVWDQWZLWKDFRUSRUDODQGIRXUVROGLHUV
%\WKHJRYHUQRU
VRUGHUVVDLGKHFRQGXFWWKHSULVRQHU
WRWKHWLHUEHQHDWK
7RWKHGXQJHRQWKHQVDLGWKHFRUSRUDO
<HVZHPXVWSXWWKHPDGPDQZLWKWKHPDGPHQ7KHVROGLHUV
VHL]HG'DQWHVZKRIROORZHGSDVVLYHO\
+HGHVFHQGHGILIWHHQVWHSVDQGWKHGRRURIDGXQJHRQZDV
RSHQHGDQGKHZDVWKUXVWLQ7KHGRRUFORVHGDQG'DQWHV
DGYDQFHGZLWKRXWVWUHWFKHGKDQGVXQWLOKHWRXFKHGWKHZDOO
KHWKHQVDWGRZQLQWKHFRUQHUXQWLOKLVH\HVEHFDPH
DFFXVWRPHGWRWKHGDUNQHVV7KHMDLOHUZDVULJKW'DQWHV

91

ZDQWHGEXWOLWWOHRIEHLQJXWWHUO\PDG

&KDSWHU
7KH(YHQLQJRIWKH%HWURWKDO
9LOOHIRUWKDGDVZHKDYHVDLGKDVWHQHGEDFNWR0DGDPHGH
6DLQW0HUDQ
VLQWKH3ODFHGX*UDQG&RXUVDQGRQHQWHULQJ
WKHKRXVHIRXQGWKDWWKHJXHVWVZKRPKHKDGOHIWDWWDEOH
ZHUHWDNLQJFRIIHHLQWKHVDORQ5HQHHZDVZLWKDOOWKH
UHVWRIWKHFRPSDQ\DQ[LRXVO\DZDLWLQJKLPDQGKLV
HQWUDQFHZDVIROORZHGE\DJHQHUDOH[FODPDWLRQ
:HOO'HFDSLWDWRU*XDUGLDQRIWKH6WDWH5R\DOLVW%UXWXV
ZKDWLVWKHPDWWHU"VDLGRQH6SHDNRXW
$UHZHWKUHDWHQHGZLWKDIUHVK5HLJQRI7HUURU"DVNHG
DQRWKHU
+DVWKH&RUVLFDQRJUHEURNHQORRVH"FULHGDWKLUG
0DUTXLVHVDLG9LOOHIRUWDSSURDFKLQJKLVIXWXUH
PRWKHULQODZ,UHTXHVW\RXUSDUGRQIRUWKXVOHDYLQJ\RX
:LOOWKHPDUTXLVKRQRUPHE\DIHZPRPHQWV
SULYDWH
FRQYHUVDWLRQ"
$KLWLVUHDOO\DVHULRXVPDWWHUWKHQ"DVNHGWKH
PDUTXLVUHPDUNLQJWKHFORXGRQ9LOOHIRUW
VEURZ
6RVHULRXVWKDW,PXVWWDNHOHDYHRI\RXIRUDIHZGD\V
VRDGGHGKHWXUQLQJWR5HQHHMXGJHIRU\RXUVHOILILW
EHQRWLPSRUWDQW
<RXDUHJRLQJWROHDYHXV"FULHG5HQHHXQDEOHWRKLGHKHU
HPRWLRQDWWKLVXQH[SHFWHGDQQRXQFHPHQW
$ODVUHWXUQHG9LOOHIRUW,PXVW
:KHUHWKHQDUH\RXJRLQJ"DVNHGWKHPDUTXLVH
7KDWPDGDPHLVDQRIILFLDOVHFUHWEXWLI\RXKDYHDQ\
FRPPLVVLRQVIRU3DULVDIULHQGRIPLQHLVJRLQJWKHUH
WRQLJKWDQGZLOOZLWKSOHDVXUHXQGHUWDNHWKHP7KHJXHVWV

92

ORRNHGDWHDFKRWKHU
<RXZLVKWRVSHDNWRPHDORQH"VDLGWKHPDUTXLV
<HVOHWXVJRWRWKHOLEUDU\SOHDVH7KHPDUTXLVWRRN
KLVDUPDQGWKH\OHIWWKHVDORQ
:HOODVNHGKHDVVRRQDVWKH\ZHUHE\WKHPVHOYHVWHOO
PHZKDWLWLV"
$QDIIDLURIWKHJUHDWHVWLPSRUWDQFHWKDWGHPDQGVP\
LPPHGLDWHSUHVHQFHLQ3DULV1RZH[FXVHWKHLQGLVFUHWLRQ
PDUTXLVEXWKDYH\RXDQ\ODQGHGSURSHUW\"
$OOP\IRUWXQHLVLQWKHIXQGVVHYHQRUHLJKWKXQGUHG
WKRXVDQGIUDQFV
7KHQVHOORXWVHOORXWPDUTXLVRU\RXZLOOORVHLW
DOO
%XWKRZFDQ,VHOORXWKHUH"
<RXKDYHLWEURNHUKDYH\RXQRW"
<HV
7KHQJLYHPHDOHWWHUWRKLPDQGWHOOKLPWRVHOORXW
ZLWKRXWDQLQVWDQW
VGHOD\SHUKDSVHYHQQRZ,VKDOODUULYH
WRRODWH
7KHGHXFH\RXVD\UHSOLHGWKHPDUTXLVOHWXVORVHQR
WLPHWKHQ
$QGVLWWLQJGRZQKHZURWHDOHWWHUWRKLVEURNHURUGHULQJ
KLPWRVHOORXWDWWKHPDUNHWSULFH
1RZWKHQVDLG9LOOHIRUWSODFLQJWKHOHWWHULQKLV
SRFNHWERRN,PXVWKDYHDQRWKHU
7RZKRP"
7RWKHNLQJ
7RWKHNLQJ"

93

<HV
,GDUHQRWZULWHWRKLVPDMHVW\
,GRQRWDVN\RXWRZULWHWRKLVPDMHVW\EXWDVN0GH
6DOYLHX[WRGRVR,ZDQWDOHWWHUWKDWZLOOHQDEOHPHWR
UHDFKWKHNLQJ
VSUHVHQFHZLWKRXWDOOWKHIRUPDOLWLHVRI
GHPDQGLQJDQDXGLHQFHWKDWZRXOGRFFDVLRQDORVVRI
SUHFLRXVWLPH
%XWDGGUHVV\RXUVHOIWRWKHNHHSHURIWKHVHDOVKHKDVWKH
ULJKWRIHQWU\DWWKH7XLOHULHVDQGFDQSURFXUH\RX
DXGLHQFHDWDQ\KRXURIWKHGD\RUQLJKW
'RXEWOHVVEXWWKHUHLVQRRFFDVLRQWRGLYLGHWKHKRQRUVRI
P\GLVFRYHU\ZLWKKLP7KHNHHSHUZRXOGOHDYHPHLQWKH
EDFNJURXQGDQGWDNHDOOWKHJORU\WRKLPVHOI,WHOO\RX
PDUTXLVP\IRUWXQHLVPDGHLI,RQO\UHDFKWKH7XLOHULHV
WKHILUVWIRUWKHNLQJZLOOQRWIRUJHWWKHVHUYLFH,GR
KLP
,QWKDWFDVHJRDQGJHWUHDG\,ZLOOFDOO6DOYLHX[DQG
PDNHKLPZULWHWKHOHWWHU
%HDVTXLFNDVSRVVLEOH,PXVWEHRQWKHURDGLQDTXDUWHU
RIDQKRXU
7HOO\RXUFRDFKPDQWRVWRSDWWKHGRRU
<RXZLOOSUHVHQWP\H[FXVHVWRWKHPDUTXLVHDQG
0DGHPRLVHOOH5HQHHZKRP,OHDYHRQVXFKDGD\ZLWKJUHDW
UHJUHW
<RXZLOOILQGWKHPERWKKHUHDQGFDQPDNH\RXUIDUHZHOOV
LQSHUVRQ
$WKRXVDQGWKDQNVDQGQRZIRUWKHOHWWHU
7KHPDUTXLVUDQJDVHUYDQWHQWHUHG
6D\WRWKH&RPWHGH6DOYLHX[WKDW,ZRXOGOLNHWRVHHKLP
1RZWKHQJRVDLGWKHPDUTXLV

94

,VKDOOEHJRQHRQO\DIHZPRPHQWV
9LOOHIRUWKDVWLO\TXLWWHGWKHDSDUWPHQWEXWUHIOHFWLQJWKDW
WKHVLJKWRIWKHGHSXW\SURFXUHXUUXQQLQJWKURXJKWKH
VWUHHWVZRXOGEHHQRXJKWRWKURZWKHZKROHFLW\LQWR
FRQIXVLRQKHUHVXPHGKLVRUGLQDU\SDFH$WKLVGRRUKH
SHUFHLYHGDILJXUHLQWKHVKDGRZWKDWVHHPHGWRZDLWIRU
KLP,WZDV0HUFHGHVZKRKHDULQJQRQHZVRIKHUORYHUKDG
FRPHXQREVHUYHGWRLQTXLUHDIWHUKLP
$V9LOOHIRUWGUHZQHDUVKHDGYDQFHGDQGVWRRGEHIRUHKLP
'DQWHVKDGVSRNHQRI0HUFHGHVDQG9LOOHIRUWLQVWDQWO\
UHFRJQL]HGKHU+HUEHDXW\DQGKLJKEHDULQJVXUSULVHGKLP
DQGZKHQVKHLQTXLUHGZKDWKDGEHFRPHRIKHUORYHULW
VHHPHGWRKLPWKDWVKHZDVWKHMXGJHDQGKHWKHDFFXVHG
7KH\RXQJPDQ\RXVSHDNRIVDLG9LOOHIRUWDEUXSWO\LVD
JUHDWFULPLQDODQG,FDQGRQRWKLQJIRUKLPPDGHPRLVHOOH
0HUFHGHVEXUVWLQWRWHDUVDQGDV9LOOHIRUWVWURYHWRSDVV
KHUDJDLQDGGUHVVHGKLP
%XWDWOHDVWWHOOPHZKHUHKHLVWKDW,PD\NQRZZKHWKHU
KHLVDOLYHRUGHDGVDLGVKH
,GRQRWNQRZKHLVQRORQJHULQP\KDQGVUHSOLHG
9LOOHIRUW
$QGGHVLURXVRISXWWLQJDQHQGWRWKHLQWHUYLHZKHSXVKHG
E\KHUDQGFORVHGWKHGRRUDVLIWRH[FOXGHWKHSDLQKH
IHOW%XWUHPRUVHLVQRWWKXVEDQLVKHGOLNH9LUJLO
V
ZRXQGHGKHURKHFDUULHGWKHDUURZLQKLVZRXQGDQG
DUULYHGDWWKHVDORQ9LOOHIRUWXWWHUHGDVLJKWKDWZDV
DOPRVWDVREDQGVDQNLQWRDFKDLU
7KHQWKHILUVWSDQJVRIDQXQHQGLQJWRUWXUHVHL]HGXSRQKLV
KHDUW7KHPDQKHVDFULILFHGWRKLVDPELWLRQWKDWLQQRFHQW
YLFWLPLPPRODWHGRQWKHDOWDURIKLVIDWKHU
VIDXOWV
DSSHDUHGWRKLPSDOHDQGWKUHDWHQLQJOHDGLQJKLVDIILDQFHG
EULGHE\WKHKDQGDQGEULQJLQJZLWKKLPUHPRUVHQRWVXFK
DVWKHDQFLHQWVILJXUHGIXULRXVDQGWHUULEOHEXWWKDWVORZ
DQGFRQVXPLQJDJRQ\ZKRVHSDQJVDUHLQWHQVLILHGIURPKRXUWR
KRXUXSWRWKHYHU\PRPHQWRIGHDWK7KHQKHKDGDPRPHQW
V
KHVLWDWLRQ+HKDGIUHTXHQWO\FDOOHGIRUFDSLWDOSXQLVKPHQW

95

RQFULPLQDOVDQGRZLQJWRKLVLUUHVLVWLEOHHORTXHQFHWKH\
KDGEHHQFRQGHPQHGDQG\HWWKHVOLJKWHVWVKDGRZRIUHPRUVH
KDGQHYHUFORXGHG9LOOHIRUW
VEURZEHFDXVHWKH\ZHUH
JXLOW\DWOHDVWKHEHOLHYHGVREXWKHUHZDVDQLQQRFHQW
PDQZKRVHKDSSLQHVVKHKDGGHVWUR\HGLQWKLVFDVHKHZDV
QRWWKHMXGJHEXWWKHH[HFXWLRQHU
$VKHWKXVUHIOHFWHGKHIHOWWKHVHQVDWLRQZHKDYH
GHVFULEHGDQGZKLFKKDGKLWKHUWREHHQXQNQRZQWRKLPDULVH
LQKLVERVRPDQGILOOKLPZLWKYDJXHDSSUHKHQVLRQV,WLV
WKXVWKDWDZRXQGHGPDQWUHPEOHVLQVWLQFWLYHO\DWWKH
DSSURDFKRIWKHILQJHUWRKLVZRXQGXQWLOLWEHKHDOHGEXW
9LOOHIRUW
VZDVRQHRIWKRVHWKDWQHYHUFORVHRULIWKH\
GRRQO\FORVHWRUHRSHQPRUHDJRQL]LQJWKDQHYHU,IDW
WKLVPRPHQWWKHVZHHWYRLFHRI5HQHHKDGVRXQGHGLQKLVHDUV
SOHDGLQJIRUPHUF\RUWKHIDLU0HUFHGHVKDGHQWHUHGDQG
VDLG,QWKHQDPHRI*RG,FRQMXUH\RXWRUHVWRUHPHP\
DIILDQFHGKXVEDQGKLVFROGDQGWUHPEOLQJKDQGVZRXOGKDYH
VLJQHGKLVUHOHDVHEXWQRYRLFHEURNHWKHVWLOOQHVVRIWKH
FKDPEHUDQGWKHGRRUZDVRSHQHGRQO\E\9LOOHIRUW
VYDOHW
ZKRFDPHWRWHOOKLPWKDWWKHWUDYHOOLQJFDUULDJHZDVLQ
UHDGLQHVV
9LOOHIRUWURVHRUUDWKHUVSUDQJIURPKLVFKDLUKDVWLO\
RSHQHGRQHRIWKHGUDZHUVRIKLVGHVNHPSWLHGDOOWKHJROG
LWFRQWDLQHGLQWRKLVSRFNHWVWRRGPRWLRQOHVVDQLQVWDQW
KLVKDQGSUHVVHGWRKLVKHDGPXWWHUHGDIHZLQDUWLFXODWH
VRXQGVDQGWKHQSHUFHLYLQJWKDWKLVVHUYDQWKDGSODFHGKLV
FORDNRQKLVVKRXOGHUVKHVSUDQJLQWRWKHFDUULDJH
RUGHULQJWKHSRVWLOLRQVWRGULYHWR0GH6DLQW0HUDQ
V7KH
KDSOHVV'DQWHVZDVGRRPHG
$VWKHPDUTXLVKDGSURPLVHG9LOOHIRUWIRXQGWKHPDUTXLVH
DQG5HQHHLQZDLWLQJ+HVWDUWHGZKHQKHVDZ5HQHHIRUKH
IDQFLHGVKHZDVDJDLQDERXWWRSOHDGIRU'DQWHV$ODVKHU
HPRWLRQVZHUHZKROO\SHUVRQDOVKHZDVWKLQNLQJRQO\RI
9LOOHIRUW
VGHSDUWXUH
6KHORYHG9LOOHIRUWDQGKHOHIWKHUDWWKHPRPHQWKHZDV
DERXWWREHFRPHKHUKXVEDQG9LOOHIRUWNQHZQRWZKHQKH
VKRXOGUHWXUQDQG5HQHHIDUIURPSOHDGLQJIRU'DQWHV
KDWHGWKHPDQZKRVHFULPHVHSDUDWHGKHUIURPKHUORYHU
0HDQZKLOHZKDWRI0HUFHGHV"6KHKDGPHW)HUQDQGDWWKH

96

FRUQHURIWKH5XHGHOD/RJHVKHKDGUHWXUQHGWRWKH
&DWDODQVDQGKDGGHVSDLULQJO\FDVWKHUVHOIRQKHUFRXFK
)HUQDQGNQHHOLQJE\KHUVLGHWRRNKHUKDQGDQGFRYHUHGLW
ZLWKNLVVHVWKDW0HUFHGHVGLGQRWHYHQIHHO6KHSDVVHGWKH
QLJKWWKXV7KHODPSZHQWRXWIRUZDQWRIRLOEXWVKHSDLG
QRKHHGWRWKHGDUNQHVVDQGGDZQFDPHEXWVKHNQHZQRW
WKDWLWZDVGD\*ULHIKDGPDGHKHUEOLQGWRDOOEXWRQH
REMHFWWKDWZDV(GPRQG
$K\RXDUHWKHUHVDLGVKHDWOHQJWKWXUQLQJWRZDUGV
)HUQDQG
,KDYHQRWTXLWWHG\RXVLQFH\HVWHUGD\UHWXUQHG)HUQDQG
VRUURZIXOO\
00RUUHOKDGQRWUHDGLO\JLYHQXSWKHILJKW+HKDGOHDUQHG
WKDW'DQWHVKDGEHHQWDNHQWRSULVRQDQGKHKDGJRQHWRDOO
KLVIULHQGVDQGWKHLQIOXHQWLDOSHUVRQVRIWKHFLW\EXW
WKHUHSRUWZDVDOUHDG\LQFLUFXODWLRQWKDW'DQWHVZDV
DUUHVWHGDVD%RQDSDUWLVWDJHQWDQGDVWKHPRVWVDQJXLQH
ORRNHGXSRQDQ\DWWHPSWRI1DSROHRQWRUHPRXQWWKHWKURQHDV
LPSRVVLEOHKHPHWZLWKQRWKLQJEXWUHIXVDODQGKDG
UHWXUQHGKRPHLQGHVSDLUGHFODULQJWKDWWKHPDWWHUZDV
VHULRXVDQGWKDWQRWKLQJPRUHFRXOGEHGRQH
&DGHURXVVHZDVHTXDOO\UHVWOHVVDQGXQHDV\EXWLQVWHDGRI
VHHNLQJOLNH00RUUHOWRDLG'DQWHVKHKDGVKXWKLPVHOI
XSZLWKWZRERWWOHVRIEODFNFXUUDQWEUDQG\LQWKHKRSHRI
GURZQLQJUHIOHFWLRQ%XWKHGLGQRWVXFFHHGDQGEHFDPHWRR
LQWR[LFDWHGWRIHWFKDQ\PRUHGULQNDQG\HWQRWVR
LQWR[LFDWHGDVWRIRUJHWZKDWKDGKDSSHQHG:LWKKLVHOERZV
RQWKHWDEOHKHVDWEHWZHHQWKHWZRHPSW\ERWWOHVZKLOH
VSHFWUHVGDQFHGLQWKHOLJKWRIWKHXQVQXIIHGFDQGOH
VSHFWUHVVXFKDV+RIIPDQQVWUHZVRYHUKLVSXQFKGUHQFKHG
SDJHVOLNHEODFNIDQWDVWLFGXVW
'DQJODUVDORQHZDVFRQWHQWDQGMR\RXVKHKDGJRWULGRI
DQHQHP\DQGPDGHKLVRZQVLWXDWLRQRQWKH3KDUDRQVHFXUH
'DQJODUVZDVRQHRIWKRVHPHQERUQZLWKDSHQEHKLQGWKH
HDUDQGDQLQNVWDQGLQSODFHRIDKHDUW(YHU\WKLQJZLWK
KLPZDVPXOWLSOLFDWLRQRUVXEWUDFWLRQ7KHOLIHRIDPDQZDV
WRKLPRIIDUOHVVYDOXHWKDQDQXPHUDOHVSHFLDOO\ZKHQE\
WDNLQJLWDZD\KHFRXOGLQFUHDVHWKHVXPWRWDORIKLVRZQ
GHVLUHV+HZHQWWREHGDWKLVXVXDOKRXUDQGVOHSWLQ

97

SHDFH
9LOOHIRUWDIWHUKDYLQJUHFHLYHG0GH6DOYLHX[
OHWWHU
HPEUDFHG5HQHHNLVVHGWKHPDUTXLVH
VKDQGDQGVKDNHQWKDW
RIWKHPDUTXLVVWDUWHGIRU3DULVDORQJWKH$L[URDG
2OG'DQWHVZDVG\LQJZLWKDQ[LHW\WRNQRZZKDWKDGEHFRPHRI
(GPRQG%XWZHNQRZYHU\ZHOOZKDWKDGEHFRPHRI(GPRQG

&KDSWHU
7KH.LQJ
V&ORVHWDWWKH7XLOHULHV
:HZLOOOHDYH9LOOHIRUWRQWKHURDGWR3DULVWUDYHOOLQJ
WKDQNVWRWUHEOHGIHHVZLWKDOOVSHHGDQGSDVVLQJ
WKURXJKWZRRUWKUHHDSDUWPHQWVHQWHUDWWKH7XLOHULHVWKH
OLWWOHURRPZLWKWKHDUFKHGZLQGRZVRZHOONQRZQDVKDYLQJ
EHHQWKHIDYRULWHFORVHWRI1DSROHRQDQG/RXLV;9,,,DQG
QRZRI/RXLV3KLOLSSH
7KHUHVHDWHGEHIRUHDZDOQXWWDEOHKHKDGEURXJKWZLWKKLP
IURP+DUWZHOODQGWRZKLFKIURPRQHRIWKRVHIDQFLHVQRW
XQFRPPRQWRJUHDWSHRSOHKHZDVSDUWLFXODUO\DWWDFKHGWKH
NLQJ/RXLV;9,,,ZDVFDUHOHVVO\OLVWHQLQJWRDPDQRI
ILIW\RUILIW\WZR\HDUVRIDJHZLWKJUD\KDLU
DULVWRFUDWLFEHDULQJDQGH[FHHGLQJO\JHQWOHPDQO\DWWLUH
DQGPHDQZKLOHPDNLQJDPDUJLQDOQRWHLQDYROXPHRI
*U\SKLXV
VUDWKHULQDFFXUDWHEXWPXFKVRXJKWDIWHUHGLWLRQ
RI+RUDFHDZRUNZKLFKZDVPXFKLQGHEWHGWRWKHVDJDFLRXV
REVHUYDWLRQVRIWKHSKLORVRSKLFDOPRQDUFK
<RXVD\VLUVDLGWKHNLQJ
7KDW,DPH[FHHGLQJO\GLVTXLHWHGVLUH
5HDOO\KDYH\RXKDGDYLVLRQRIWKHVHYHQIDWNLQHDQGWKH
VHYHQOHDQNLQH"
1RVLUHIRUWKDWZRXOGRQO\EHWRNHQIRUXVVHYHQ\HDUVRI
SOHQW\DQGVHYHQ\HDUVRIVFDUFLW\DQGZLWKDNLQJDVIXOO
RIIRUHVLJKWDV\RXUPDMHVW\VFDUFLW\LVQRWDWKLQJWREH
IHDUHG

98

7KHQRIZKDWRWKHUVFRXUJHDUH\RXDIUDLGP\GHDU%ODFDV"
6LUH,KDYHHYHU\UHDVRQWREHOLHYHWKDWDVWRUPLV
EUHZLQJLQWKHVRXWK
:HOOP\GHDUGXNHUHSOLHG/RXLV;9,,,,WKLQN\RXDUH
ZURQJO\LQIRUPHGDQGNQRZSRVLWLYHO\WKDWRQWKHFRQWUDU\
LWLVYHU\ILQHZHDWKHULQWKDWGLUHFWLRQ0DQRIDELOLW\
DVKHZDV/RXLV;9,,,OLNHGDSOHDVDQWMHVW
6LUHFRQWLQXHG0GH%ODFDVLILWRQO\EHWRUHDVVXUHD
IDLWKIXOVHUYDQWZLOO\RXUPDMHVW\VHQGLQWR/DQJXHGRF
3URYHQFHDQG'DXSKLQHWUXVW\PHQZKRZLOOEULQJ\RXEDFN
DIDLWKIXOUHSRUWDVWRWKHIHHOLQJLQWKHVHWKUHH
SURYLQFHV"
&DQLQXVVXUGLVUHSOLHGWKHNLQJFRQWLQXLQJWKH
DQQRWDWLRQVLQKLV+RUDFH
6LUHUHSOLHGWKHFRXUWLHUODXJKLQJLQRUGHUWKDWKH
PLJKWVHHPWRFRPSUHKHQGWKHTXRWDWLRQ\RXUPDMHVW\PD\EH
SHUIHFWO\ULJKWLQUHO\LQJRQWKHJRRGIHHOLQJRI)UDQFH
EXW,IHDU,DPQRWDOWRJHWKHUZURQJLQGUHDGLQJVRPH
GHVSHUDWHDWWHPSW
%\ZKRP"
%\%RQDSDUWHRUDWOHDVWE\KLVDGKHUHQWV
0\GHDU%ODFDVVDLGWKHNLQJ\RXZLWK\RXUDODUPV
SUHYHQWPHIURPZRUNLQJ
$QG\RXVLUHSUHYHQWPHIURPVOHHSLQJZLWK\RXU
VHFXULW\
:DLWP\GHDUVLUZDLWDPRPHQWIRU,KDYHVXFKD
GHOLJKWIXOQRWHRQWKH3DVWRUTXXPWUDKHUHWZDLWDQG,
ZLOOOLVWHQWR\RXDIWHUZDUGV
7KHUHZDVDEULHISDXVHGXULQJZKLFK/RXLV;9,,,ZURWHLQ
DKDQGDVVPDOODVSRVVLEOHDQRWKHUQRWHRQWKHPDUJLQRI
KLV+RUDFHDQGWKHQORRNLQJDWWKHGXNHZLWKWKHDLURID
PDQZKRWKLQNVKHKDVDQLGHDRIKLVRZQZKLOHKHLVRQO\
FRPPHQWLQJXSRQWKHLGHDRIDQRWKHUVDLG

99

*RRQP\GHDUGXNHJRRQ,OLVWHQ
6LUHVDLG%ODFDVZKRKDGIRUDPRPHQWWKHKRSHRI
VDFULILFLQJ9LOOHIRUWWRKLVRZQSURILW,DPFRPSHOOHGWR
WHOO\RXWKDWWKHVHDUHQRWPHUHUXPRUVGHVWLWXWHRI
IRXQGDWLRQZKLFKWKXVGLVTXLHWPHEXWDVHULRXVPLQGHGPDQ
GHVHUYLQJDOOP\FRQILGHQFHDQGFKDUJHGE\PHWRZDWFKRYHU
WKHVRXWK WKHGXNHKHVLWDWHGDVKHSURQRXQFHGWKHVH
ZRUGV KDVDUULYHGE\SRVWWRWHOOPHWKDWDJUHDWSHULO
WKUHDWHQVWKHNLQJDQGVR,KDVWHQHGWR\RXVLUH
0DODGXFLVDYLGRPXPFRQWLQXHG/RXLV;9,,,VWLOO
DQQRWDWLQJ
'RHV\RXUPDMHVW\ZLVKPHWRGURSWKHVXEMHFW"
%\QRPHDQVP\GHDUGXNHEXWMXVWVWUHWFKRXW\RXUKDQG
:KLFK"
:KLFKHYHU\RXSOHDVHWKHUHWRWKHOHIW
+HUHVLUH"
OWHOO\RXWRWKHOHIWDQG\RXDUHORRNLQJWRWKHULJKW,
PHDQRQP\OHIW\HVWKHUH<RXZLOOILQG\HVWHUGD\
V
UHSRUWRIWKHPLQLVWHURISROLFH%XWKHUHLV0'DQGUH
KLPVHOIDQG0'DQGUHDQQRXQFHGE\WKH
FKDPEHUODLQLQZDLWLQJHQWHUHG
&RPHLQVDLG/RXLV;9,,,ZLWKUHSUHVVHGVPLOHFRPH
LQ%DURQDQGWHOOWKHGXNHDOO\RXNQRZWKHODWHVWQHZV
RI0GH%RQDSDUWHGRQRWFRQFHDODQ\WKLQJKRZHYHU
VHULRXVOHWXVVHHWKH,VODQGRI(OEDLVDYROFDQRDQG
ZHPD\H[SHFWWRKDYHLVVXLQJWKHQFHIODPLQJDQGEULVWOLQJ
ZDUEHOODKRUULGDEHOOD0'DQGUHOHDQHGYHU\
UHVSHFWIXOO\RQWKHEDFNRIDFKDLUZLWKKLVWZRKDQGVDQG
VDLG
+DV\RXUPDMHVW\SHUXVHG\HVWHUGD\
VUHSRUW"
<HV\HVEXWWHOOWKHGXNHKLPVHOIZKRFDQQRWILQG
DQ\WKLQJZKDWWKHUHSRUWFRQWDLQVJLYHKLPWKH

100

SDUWLFXODUVRIZKDWWKHXVXUSHULVGRLQJLQKLVLVOHW
0RQVLHXUVDLGWKHEDURQWRWKHGXNHDOOWKHVHUYDQWVRI
KLVPDMHVW\PXVWDSSURYHRIWKHODWHVWLQWHOOLJHQFHZKLFKZH
KDYHIURPWKH,VODQGRI(OED%RQDSDUWH0'DQGUHORRNHG
DW/RXLV;9,,,ZKRHPSOR\HGLQZULWLQJDQRWHGLGQRW
HYHQUDLVHKLVKHDG%RQDSDUWHFRQWLQXHGWKHEDURQLV
PRUWDOO\ZHDULHGDQGSDVVHVZKROHGD\VLQZDWFKLQJKLV
PLQHUVDWZRUNDW3RUWR/RQJRQH
$QGVFUDWFKHVKLPVHOIIRUDPXVHPHQWDGGHGWKHNLQJ
6FUDWFKHVKLPVHOI"LQTXLUHGWKHGXNHZKDWGRHV\RXU
PDMHVW\PHDQ"
<HVLQGHHGP\GHDUGXNH'LG\RXIRUJHWWKDWWKLVJUHDW
PDQWKLVKHURWKLVGHPLJRGLVDWWDFNHGZLWKDPDODG\RI
WKHVNLQZKLFKZRUULHVKLPWRGHDWKSUXULJR"
$QGPRUHRYHUP\GHDUGXNHFRQWLQXHGWKHPLQLVWHURI
SROLFHZHDUHDOPRVWDVVXUHGWKDWLQDYHU\VKRUWWLPH
WKHXVXUSHUZLOOEHLQVDQH
,QVDQH"
5DYLQJPDGKLVKHDGEHFRPHVZHDNHU6RPHWLPHVKHZHHSV
ELWWHUO\VRPHWLPHVODXJKVERLVWHURXVO\DWRWKHUWLPHKH
SDVVHVKRXUVRQWKHVHDVKRUHIOLQJLQJVWRQHVLQWKHZDWHU
DQGZKHQWKHIOLQWPDNHVCGXFNDQGGUDNH
ILYHRUVL[WLPHV
KHDSSHDUVDVGHOLJKWHGDVLIKHKDGJDLQHGDQRWKHU0DUHQJR
RU$XVWHUOLW]1RZ\RXPXVWDJUHHWKDWWKHVHDUH
LQGXELWDEOHV\PSWRPVRILQVDQLW\
2URIZLVGRPP\GHDUEDURQRURIZLVGRPVDLG/RXLV
;9,,,ODXJKLQJWKHJUHDWHVWFDSWDLQVRIDQWLTXLW\DPXVHG
WKHPVHOYHVE\FDVWLQJSHEEOHVLQWRWKHRFHDQVHH
3OXWDUFK
VOLIHRI6FLSLR$IULFDQXV
0GH%ODFDVSRQGHUHGGHHSO\EHWZHHQWKHFRQILGHQWPRQDUFK
DQGWKHWUXWKIXOPLQLVWHU9LOOHIRUWZKRGLGQRWFKRRVHWR
UHYHDOWKHZKROHVHFUHWOHVWDQRWKHUVKRXOGUHDSDOOWKH
EHQHILWRIWKHGLVFORVXUHKDG\HWFRPPXQLFDWHGHQRXJKWR
FDXVHKLPWKHJUHDWHVWXQHDVLQHVV

101

:HOOZHOO'DQGUHVDLG/RXLV;9,,,%ODFDVLVQRW\HW
FRQYLQFHGOHWXVSURFHHGWKHUHIRUHWRWKHXVXUSHU
V
FRQYHUVLRQ7KHPLQLVWHURISROLFHERZHG
7KHXVXUSHU
VFRQYHUVLRQPXUPXUHGWKHGXNHORRNLQJDW
WKHNLQJDQG'DQGUHZKRVSRNHDOWHUQDWHO\OLNH9LUJLO
V
VKHSKHUGV7KHXVXUSHUFRQYHUWHG
'HFLGHGO\P\GHDUGXNH
,QZKDWZD\FRQYHUWHG"
7RJRRGSULQFLSOHV7HOOKLPDOODERXWLWEDURQ
:K\WKLVLVWKHZD\RILWVDLGWKHPLQLVWHUZLWKWKH
JUDYHVWDLULQWKHZRUOG1DSROHRQODWHO\KDGDUHYLHZDQG
DVWZRRUWKUHHRIKLVROGYHWHUDQVH[SUHVVHGDGHVLUHWR
UHWXUQWR)UDQFHKHJDYHWKHPWKHLUGLVPLVVDODQGH[KRUWHG
WKHPWRCVHUYHWKHJRRGNLQJ
7KHVHZHUHKLVRZQZRUGVRI
WKDW,DPFHUWDLQ
:HOO%ODFDVZKDWWKLQN\RXRIWKLV"LQTXLUHGWKHNLQJ
WULXPSKDQWO\DQGSDXVLQJIRUDPRPHQWIURPWKHYROXPLQRXV
VFKROLDVWEHIRUHKLP
,VD\VLUHWKDWWKHPLQLVWHURISROLFHLVJUHDWO\
GHFHLYHGRU,DPDQGDVLWLVLPSRVVLEOHLWFDQEHWKH
PLQLVWHURISROLFHDVKHKDVWKHJXDUGLDQVKLSRIWKHVDIHW\
DQGKRQRURI\RXUPDMHVW\LWLVSUREDEOHWKDW,DPLQ
HUURU+RZHYHUVLUHLI,PLJKWDGYLVH\RXUPDMHVW\ZLOO
LQWHUURJDWHWKHSHUVRQRIZKRP,VSRNHWR\RXDQG,ZLOO
XUJH\RXUPDMHVW\WRGRKLPWKLVKRQRU
0RVWZLOOLQJO\GXNHXQGHU\RXUDXVSLFHV,ZLOOUHFHLYH
DQ\SHUVRQ\RXSOHDVHEXW\RXPXVWQRWH[SHFWPHWREHWRR
FRQILGLQJ%DURQKDYH\RXDQ\UHSRUWPRUHUHFHQWWKDQWKLV
GDWHGWKHWK)HEUXDU\WKLVLVWKHWKRI0DUFK"
1RVLUHEXW,DPKRXUO\H[SHFWLQJRQHLWPD\KDYH
DUULYHGVLQFH,OHIWP\RIILFH
*RWKLWKHUDQGLIWKHUHEHQRQHZHOOZHOOFRQWLQXHG
/RXLV;9,,,PDNHRQHWKDWLVWKHXVXDOZD\LVLWQRW"
DQGWKHNLQJODXJKHGIDFHWLRXVO\

102

2KVLUHUHSOLHGWKHPLQLVWHUZHKDYHQRRFFDVLRQWR
LQYHQWDQ\HYHU\GD\RXUGHVNVDUHORDGHGZLWKPRVW
FLUFXPVWDQWLDOGHQXQFLDWLRQVFRPLQJIURPKRVWVRISHRSOH
ZKRKRSHIRUVRPHUHWXUQIRUVHUYLFHVZKLFKWKH\VHHNWR
UHQGHUEXWFDQQRWWKH\WUXVWWRIRUWXQHDQGUHO\XSRQ
VRPHXQH[SHFWHGHYHQWLQVRPHZD\WRMXVWLI\WKHLU
SUHGLFWLRQV
:HOOVLUJRVDLG/RXLV;9,,,DQGUHPHPEHUWKDW,DP
ZDLWLQJIRU\RX
,ZLOOEXWJRDQGUHWXUQVLUH,VKDOOEHEDFNLQWHQ
PLQXWHV
$QG,VLUHVDLG0GH%ODFDVZLOOJRDQGILQGP\
PHVVHQJHU
:DLWVLUZDLWVDLG/RXLV;9,,,5HDOO\0GH%ODFDV
,PXVWFKDQJH\RXUDUPRULDOEHDULQJV,ZLOOJLYH\RXDQ
HDJOHZLWKRXWVWUHWFKHGZLQJVKROGLQJLQLWVFODZVDSUH\
ZKLFKWULHVLQYDLQWRHVFDSHDQGEHDULQJWKLVGHYLFH
7HQD[
6LUH,OLVWHQVDLG'H%ODFDVELWLQJKLVQDLOVZLWK
LPSDWLHQFH
,ZLVKWRFRQVXOW\RXRQWKLVSDVVDJHC0ROOLIXJLHQV
DQKHOLWX\RXNQRZLWUHIHUVWRDVWDJIO\LQJIURPDZROI
$UH\RXQRWDVSRUWVPDQDQGDJUHDWZROIKXQWHU":HOOWKHQ
ZKDWGR\RXWKLQNRIWKHPROOLDQKHOLWX"
$GPLUDEOHVLUHEXWP\PHVVHQJHULVOLNHWKHVWDJ\RX
UHIHUWRIRUKHKDVSRVWHGWZRKXQGUHGDQGWZHQW\OHDJXHV
LQVFDUFHO\WKUHHGD\V
:KLFKLVXQGHUJRLQJJUHDWIDWLJXHDQGDQ[LHW\P\GHDU
GXNHZKHQZHKDYHDWHOHJUDSKZKLFKWUDQVPLWVPHVVDJHVLQ
WKUHHRUIRXUKRXUVDQGWKDWZLWKRXWJHWWLQJLQWKHOHDVW
RXWRIEUHDWK
$KVLUH\RXUHFRPSHQVHEXWEDGO\WKLVSRRU\RXQJPDQZKR
KDVFRPHVRIDUDQGZLWKVRPXFKDUGRUWRJLYH\RXU
PDMHVW\XVHIXOLQIRUPDWLRQ,IRQO\IRUWKHVDNHRI0GH

103

6DOYLHX[ZKRUHFRPPHQGVKLPWRPH,HQWUHDW\RXUPDMHVW\
WRUHFHLYHKLPJUDFLRXVO\
0GH6DOYLHX[P\EURWKHU
VFKDPEHUODLQ"
<HVVLUH
+HLVDW0DUVHLOOHV
$QGZULWHVPHWKHQFH
'RHVKHVSHDNWR\RXRIWKLVFRQVSLUDF\"
1REXWVWURQJO\UHFRPPHQGV0GH9LOOHIRUWDQGEHJVPHWR
SUHVHQWKLPWR\RXUPDMHVW\
0GH9LOOHIRUWFULHGWKHNLQJLVWKHPHVVHQJHU
VQDPH
0GH9LOOHIRUW"
<HVVLUH
$QGKHFRPHVIURP0DUVHLOOHV"
,QSHUVRQ
:K\GLG\RXQRWPHQWLRQKLVQDPHDWRQFH"UHSOLHGWKH
NLQJEHWUD\LQJVRPHXQHDVLQHVV
6LUH,WKRXJKWKLVQDPHZDVXQNQRZQWR\RXUPDMHVW\
1RQR%ODFDVKHLVDPDQRIVWURQJDQGHOHYDWHG
XQGHUVWDQGLQJDPELWLRXVWRRDQGSDUGLHX\RXNQRZKLV
IDWKHU
VQDPH
+LVIDWKHU"
<HV1RLUWLHU
1RLUWLHUWKH*LURQGLQ"1RLUWLHUWKHVHQDWRU"
+HKLPVHOI
$QG\RXUPDMHVW\KDVHPSOR\HGWKHVRQRIVXFKDPDQ"

104

%ODFDVP\IULHQG\RXKDYHEXWOLPLWHGFRPSUHKHQVLRQ,
WROG\RX9LOOHIRUWZDVDPELWLRQVDQGWRDWWDLQWKLV
DPELWLRQ9LOOHIRUWZRXOGVDFULILFHHYHU\WKLQJHYHQKLV
IDWKHU
7KHQVLUHPD\,SUHVHQWKLP"
7KLVLQVWDQWGXNH:KHUHLVKH"
:DLWLQJEHORZLQP\FDUULDJH
6HHNKLPDWRQFH
,KDVWHQWRGRVR7KHGXNHOHIWWKHUR\DOSUHVHQFHZLWK
WKHVSHHGRID\RXQJPDQKLVUHDOO\VLQFHUHUR\DOLVPPDGH
KLP\RXWKIXODJDLQ/RXLV;9,,,UHPDLQHGDORQHDQGWXUQLQJ
KLVH\HVRQKLVKDOIRSHQHG+RUDFHPXWWHUHG
-XVWXPHWWHQDFHPSURSRVLWLYLUXP
0GH%ODFDVUHWXUQHGDVVSHHGLO\DVKHKDGGHSDUWHGEXWLQ
WKHDQWHFKDPEHUKHZDVIRUFHGWRDSSHDOWRWKHNLQJ
V
DXWKRULW\9LOOHIRUW
VGXVW\JDUEKLVFRVWXPHZKLFKZDV
QRWRIFRXUWO\FXWH[FLWHGWKHVXVFHSWLELOLW\RI0GH
%UH]HZKRZDVDOODVWRQLVKPHQWDWILQGLQJWKDWWKLV\RXQJ
PDQKDGWKHDXGDFLW\WRHQWHUEHIRUHWKHNLQJLQVXFK
DWWLUH7KHGXNHKRZHYHURYHUFDPHDOOGLIILFXOWLHVZLWKD
ZRUGKLVPDMHVW\
VRUGHUDQGLQVSLWHRIWKH
SURWHVWDWLRQVZKLFKWKHPDVWHURIFHUHPRQLHVPDGHIRUWKH
KRQRURIKLVRIILFHDQGSULQFLSOHV9LOOHIRUWZDV
LQWURGXFHG
7KHNLQJZDVVHDWHGLQWKHVDPHSODFHZKHUHWKHGXNHKDG
OHIWKLP2QRSHQLQJWKHGRRU9LOOHIRUWIRXQGKLPVHOI
IDFLQJKLPDQGWKH\RXQJPDJLVWUDWH
VILUVWLPSXOVHZDVWR
SDXVH
&RPHLQ0GH9LOOHIRUWVDLGWKHNLQJFRPHLQ
9LOOHIRUWERZHGDQGDGYDQFLQJDIHZVWHSVZDLWHGXQWLOWKH
NLQJVKRXOGLQWHUURJDWHKLP
0GH9LOOHIRUWVDLG/RXLV;9,,,WKH'XFGH%ODFDV
DVVXUHVPH\RXKDYHVRPHLQWHUHVWLQJLQIRUPDWLRQWR
FRPPXQLFDWH

105

6LUHWKHGXNHLVULJKWDQG,EHOLHYH\RXUPDMHVW\ZLOO
WKLQNLWHTXDOO\LPSRUWDQW
,QWKHILUVWSODFHDQGEHIRUHHYHU\WKLQJHOVHVLULVWKH
QHZVDVEDGLQ\RXURSLQLRQDV,DPDVNHGWREHOLHYH"
6LUH,EHOLHYHLWWREHPRVWXUJHQWEXW,KRSHE\WKH
VSHHG,KDYHXVHGWKDWLWLVQRWLUUHSDUDEOH
6SHDNDVIXOO\DV\RXSOHDVHVLUVDLGWKHNLQJZKR
EHJDQWRJLYHZD\WRWKHHPRWLRQZKLFKKDGVKRZHGLWVHOILQ
%ODFDV
VIDFHDQGDIIHFWHG9LOOHIRUW
VYRLFH6SHDNVLU
DQGSUD\EHJLQDWWKHEHJLQQLQJ,OLNHRUGHULQ
HYHU\WKLQJ
6LUHVDLG9LOOHIRUW,ZLOOUHQGHUDIDLWKIXOUHSRUWWR
\RXUPDMHVW\EXW,PXVWHQWUHDW\RXUIRUJLYHQHVVLIP\
DQ[LHW\OHDGVWRVRPHREVFXULW\LQP\ODQJXDJH$JODQFHDW
WKHNLQJDIWHUWKLVGLVFUHHWDQGVXEWOHH[RUGLXPDVVXUHG
9LOOHIRUWRIWKHEHQLJQLW\RIKLVDXJXVWDXGLWRUDQGKH
ZHQWRQ
6LUH,KDYHFRPHDVUDSLGO\WR3DULVDVSRVVLEOHWR
LQIRUP\RXUPDMHVW\WKDW,KDYHGLVFRYHUHGLQWKHH[HUFLVH
RIP\GXWLHVQRWDFRPPRQSODFHDQGLQVLJQLILFDQWSORWVXFK
DVLVHYHU\GD\JRWXSLQWKHORZHUUDQNVRIWKHSHRSOHDQG
LQWKHDUP\EXWDQDFWXDOFRQVSLUDF\DVWRUPZKLFK
PHQDFHVQROHVVWKDQ\RXUPDMHVW\
VWKURQH6LUHWKH
XVXUSHULVDUPLQJWKUHHVKLSVKHPHGLWDWHVVRPHSURMHFW
ZKLFKKRZHYHUPDGLV\HWSHUKDSVWHUULEOH$WWKLV
PRPHQWKHZLOOKDYHOHIW(OEDWRJRZKLWKHU,NQRZQRWEXW
DVVXUHGO\WRDWWHPSWDODQGLQJHLWKHUDW1DSOHVRURQWKH
FRDVWRI7XVFDQ\RUSHUKDSVRQWKHVKRUHVRI)UDQFH<RXU
PDMHVW\LVZHOODZDUHWKDWWKHVRYHUHLJQRIWKH,VODQGRI
(OEDKDVPDLQWDLQHGKLVUHODWLRQVZLWK,WDO\DQG)UDQFH"
,DPVLUVDLGWKHNLQJPXFKDJLWDWHGDQGUHFHQWO\ZH
KDYHKDGLQIRUPDWLRQWKDWWKH%RQDSDUWLVWFOXEVKDYHKDG
PHHWLQJVLQWKH5XH6DLQW-DFTXHV%XWSURFHHG,EHJRI
\RX+RZGLG\RXREWDLQWKHVHGHWDLOV"
6LUHWKH\DUHWKHUHVXOWVRIDQH[DPLQDWLRQZKLFK,KDYH
PDGHRIDPDQRI0DUVHLOOHVZKRP,KDYHZDWFKHGIRUVRPH

106

WLPHDQGDUUHVWHGRQWKHGD\RIP\GHSDUWXUH7KLVSHUVRQ
DVDLORURIWXUEXOHQWFKDUDFWHUDQGZKRP,VXVSHFWHGRI
%RQDSDUWLVPKDVEHHQVHFUHWO\WRWKH,VODQGRI(OED7KHUH
KHVDZWKHJUDQGPDUVKDOZKRFKDUJHGKLPZLWKDQRUDO
PHVVDJHWRD%RQDSDUWLVWLQ3DULVZKRVHQDPH,FRXOGQRW
H[WUDFWIURPKLPEXWWKLVPLVVLRQZDVWRSUHSDUHPHQ
V
PLQGVIRUDUHWXUQ LWLVWKHPDQZKRVD\VWKLVVLUH D
UHWXUQZKLFKZLOOVRRQRFFXU
$QGZKHUHLVWKLVPDQ"
,QSULVRQVLUH
$QGWKHPDWWHUVHHPVVHULRXVWR\RX"
6RVHULRXVVLUHWKDWZKHQWKHFLUFXPVWDQFHVXUSULVHGPH
LQWKHPLGVWRIDIDPLO\IHVWLYDORQWKHYHU\GD\RIP\
EHWURWKDO,OHIWP\EULGHDQGIULHQGVSRVWSRQLQJ
HYHU\WKLQJWKDW,PLJKWKDVWHQWROD\DW\RXUPDMHVW\
V
IHHWWKHIHDUVZKLFKLPSUHVVHGPHDQGWKHDVVXUDQFHRIP\
GHYRWLRQ
7UXHVDLG/RXLV;9,,,ZDVWKHUHQRWDPDUULDJH
HQJDJHPHQWEHWZHHQ\RXDQG0DGHPRLVHOOHGH6DLQW0HUDQ"
'DXJKWHURIRQHRI\RXUPDMHVW\
VPRVWIDLWKIXOVHUYDQWV
<HV\HVEXWOHWXVWDONRIWKLVSORW0GH9LOOHIRUW
6LUH,IHDULWLVPRUHWKDQDSORW,IHDULWLVD
FRQVSLUDF\
$FRQVSLUDF\LQWKHVHWLPHVVDLG/RXLV;9,,,VPLOLQJ
LVDWKLQJYHU\HDV\WRPHGLWDWHEXWPRUHGLIILFXOWWR
FRQGXFWWRDQHQGLQDVPXFKDVUHHVWDEOLVKHGVRUHFHQWO\
RQWKHWKURQHRIRXUDQFHVWRUVZHKDYHRXUH\HVRSHQDW
RQFHXSRQWKHSDVWWKHSUHVHQWDQGWKHIXWXUH)RUWKH
ODVWWHQPRQWKVP\PLQLVWHUVKDYHUHGRXEOHGWKHLUYLJLODQFH
LQRUGHUWRZDWFKWKHVKRUHRIWKH0HGLWHUUDQHDQ,I
%RQDSDUWHODQGHGDW1DSOHVWKHZKROHFRDOLWLRQZRXOGEHRQ
IRRWEHIRUHKHFRXOGHYHQUHDFK3LRPRLQRLIKHODQGLQ
7XVFDQ\KHZLOOEHLQDQXQIULHQGO\WHUULWRU\LIKHODQG
LQ)UDQFHLWPXVWEHZLWKDKDQGIXORIPHQDQGWKHUHVXOW
RIWKDWLVHDVLO\IRUHWROGH[HFUDWHGDVKHLVE\WKH

107

SRSXODWLRQ7DNHFRXUDJHVLUEXWDWWKHVDPHWLPHUHO\RQ
RXUUR\DOJUDWLWXGH
$KKHUHLV0'DQGUHFULHGGH%ODFDV$WWKLVLQVWDQW
WKHPLQLVWHURISROLFHDSSHDUHGDWWKHGRRUSDOH
WUHPEOLQJDQGDVLIUHDG\WRIDLQW9LOOHIRUWZDVDERXWWR
UHWLUHEXW0GH%ODFDVWDNLQJKLVKDQGUHVWUDLQHGKLP

&KDSWHU
7KH&RUVLFDQ2JUH
$WWKHVLJKWRIWKLVDJLWDWLRQ/RXLV;9,,,SXVKHGIURPKLP
YLROHQWO\WKHWDEOHDWZKLFKKHZDVVLWWLQJ
:KDWDLOV\RXEDURQ"KHH[FODLPHG<RXDSSHDUTXLWH
DJKDVW+DV\RXUXQHDVLQHVVDQ\WKLQJWRGRZLWKZKDW0GH
%ODFDVKDVWROGPHDQG0GH9LOOHIRUWKDVMXVWFRQILUPHG"
0GH%ODFDVPRYHGVXGGHQO\WRZDUGVWKHEDURQEXWWKH
IULJKWRIWKHFRXUWLHUSOHDGHGIRUWKHIRUEHDUDQFHRIWKH
VWDWHVPDQDQGEHVLGHVDVPDWWHUVZHUHLWZDVPXFKPRUHWR
KLVDGYDQWDJHWKDWWKHSUHIHFWRISROLFHVKRXOGWULXPSKRYHU
KLPWKDQWKDWKHVKRXOGKXPLOLDWHWKHSUHIHFW
6LUHVWDPPHUHGWKHEDURQ
:HOOZKDWLVLW"DVNHG/RXLV;9,,,7KHPLQLVWHURI
SROLFHJLYLQJZD\WRDQLPSXOVHRIGHVSDLUZDVDERXWWR
WKURZKLPVHOIDWWKHIHHWRI/RXLV;9,,,ZKRUHWUHDWHGD
VWHSDQGIURZQHG
:LOO\RXVSHDN"KHVDLG
2KVLUHZKDWDGUHDGIXOPLVIRUWXQH,DPLQGHHGWREH
SLWLHG,FDQQHYHUIRUJLYHP\VHOI
0RQVLHXUVDLG/RXLV;9,,,,FRPPDQG\RXWRVSHDN
:HOOVLUHWKHXVXUSHUOHIW(OEDRQWKHWK)HEUXDU\DQG
ODQGHGRQWKHVWRI0DUFK
$QGZKHUH",Q,WDO\"DVNHGWKHNLQJHDJHUO\

108

,Q)UDQFHVLUHDWDVPDOOSRUWQHDU$QWLEHVLQWKH
*XOIRI-XDQ
7KHXVXUSHUODQGHGLQ)UDQFHQHDU$QWLEHVLQWKH*XOIRI
-XDQWZRKXQGUHGDQGILIW\OHDJXHVIURP3DULVRQWKHVW
RI0DUFKDQG\RXRQO\DFTXLUHGWKLVLQIRUPDWLRQWRGD\WKH
WKRI0DUFK:HOOVLUZKDW\RXWHOOPHLVLPSRVVLEOH<RX
PXVWKDYHUHFHLYHGDIDOVHUHSRUWRU\RXKDYHJRQHPDG
$ODVVLUHLWLVEXWWRRWUXH/RXLVPDGHDJHVWXUHRI
LQGHVFULEDEOHDQJHUDQGDODUPDQGWKHQGUHZKLPVHOIXSDV
LIWKLVVXGGHQEORZKDGVWUXFNKLPDWWKHVDPHPRPHQWLQ
KHDUWDQGFRXQWHQDQFH
,Q)UDQFHKHFULHGWKHXVXUSHULQ)UDQFH7KHQWKH\GLG
QRWZDWFKRYHUWKLVPDQ:KRNQRZV"WKH\ZHUHSHUKDSVLQ
OHDJXHZLWKKLP
2KVLUHH[FODLPHGWKH'XFGH%ODFDV0'DQGUHLVQRWD
PDQWREHDFFXVHGRIWUHDVRQ6LUHZHKDYHDOOEHHQEOLQG
DQGWKHPLQLVWHURISROLFHKDVVKDUHGWKHJHQHUDOEOLQGQHVV
WKDWLVDOO
%XWVDLG9LOOHIRUWDQGWKHQVXGGHQO\FKHFNLQJKLPVHOI
KHZDVVLOHQWWKHQKHFRQWLQXHG<RXUSDUGRQVLUHKH
VDLGERZLQJP\]HDOFDUULHGPHDZD\:LOO\RXUPDMHVW\
GHLJQWRH[FXVHPH"
6SHDNVLUVSHDNEROGO\UHSOLHG/RXLV<RXDORQH
IRUHZDUQHGXVRIWKHHYLOQRZWU\DQGDLGXVZLWKWKH
UHPHG\
6LUHVDLG9LOOHIRUWWKHXVXUSHULVGHWHVWHGLQWKH
VRXWKDQGLWVHHPVWRPHWKDWLIKHYHQWXUHGLQWRWKH
VRXWKLWZRXOGEHHDV\WRUDLVH/DQJXHGRFDQG3URYHQFH
DJDLQVWKLP
<HVDVVXUHGO\UHSOLHGWKHPLQLVWHUEXWKHLVDGYDQFLQJ
E\*DSDQG6LVWHURQ
$GYDQFLQJKHLVDGYDQFLQJVDLG/RXLV;9,,,,VKH
WKHQDGYDQFLQJRQ3DULV"7KHPLQLVWHURISROLFHPDLQWDLQHG
DVLOHQFHZKLFKZDVHTXLYDOHQWWRDFRPSOHWHDYRZDO

109

$QG'DXSKLQHVLU"LQTXLUHGWKHNLQJRI9LOOHIRUW'R
\RXWKLQNLWSRVVLEOHWRURXVHWKDWDVZHOODV3URYHQFH"
6LUH,DPVRUU\WRWHOO\RXUPDMHVW\DFUXHOIDFWEXWWKH
IHHOLQJLQ'DXSKLQHLVTXLWHWKHUHYHUVHRIWKDWLQ3URYHQFH
RU/DQJXHGRF7KHPRXQWDLQHHUVDUH%RQDSDUWLVWVVLUH
7KHQPXUPXUHG/RXLVKHZDVZHOOLQIRUPHG$QGKRZPDQ\
PHQKDGKHZLWKKLP"
,GRQRWNQRZVLUHDQVZHUHGWKHPLQLVWHURISROLFH
:KDW\RXGRQRWNQRZ+DYH\RXQHJOHFWHGWRREWDLQ
LQIRUPDWLRQRQWKDWSRLQW"2IFRXUVHLWLVRIQR
FRQVHTXHQFHKHDGGHGZLWKDZLWKHULQJVPLOH
6LUHLWZDVLPSRVVLEOHWROHDUQWKHGHVSDWFKVLPSO\
VWDWHGWKHIDFWRIWKHODQGLQJDQGWKHURXWHWDNHQE\WKH
XVXUSHU
$QGKRZGLGWKLVGHVSDWFKUHDFK\RX"LQTXLUHGWKHNLQJ
7KHPLQLVWHUERZHGKLVKHDGDQGZKLOHDGHHSFRORU
RYHUVSUHDGKLVFKHHNVKHVWDPPHUHGRXW
%\WKHWHOHJUDSKVLUH/RXLV;9,,,DGYDQFHGDVWHS
DQGIROGHGKLVDUPVRYHUKLVFKHVWDV1DSROHRQZRXOGKDYH
GRQH
6RWKHQKHH[FODLPHGWXUQLQJSDOHZLWKDQJHUVHYHQ
FRQMRLQHGDQGDOOLHGDUPLHVRYHUWKUHZWKDWPDQ$PLUDFOHRI
KHDYHQUHSODFHGPHRQWKHWKURQHRIP\IDWKHUVDIWHU
ILYHDQGWZHQW\\HDUVRIH[LOH,KDYHGXULQJWKRVH
ILYHDQGWZHQW\\HDUVVSDUHGQRSDLQVWRXQGHUVWDQGWKH
SHRSOHRI)UDQFHDQGWKHLQWHUHVWVZKLFKZHUHFRQILGHGWR
PHDQGQRZZKHQ,VHHWKHIUXLWLRQRIP\ZLVKHVDOPRVW
ZLWKLQUHDFKWKHSRZHU,KROGLQP\KDQGVEXUVWVDQG
VKDWWHUVPHWRDWRPV
6LUHLWLVIDWDOLW\PXUPXUHGWKHPLQLVWHUIHHOLQJWKDW
WKHSUHVVXUHRIFLUFXPVWDQFHVKRZHYHUOLJKWDWKLQJWR
GHVWLQ\ZDVWRRPXFKIRUDQ\KXPDQVWUHQJWKWRHQGXUH
:KDWRXUHQHPLHVVD\RIXVLVWKHQWUXH:HKDYHOHDUQW
QRWKLQJIRUJRWWHQQRWKLQJ,I,ZHUHEHWUD\HGDVKHZDV,

110

ZRXOGFRQVROHP\VHOIEXWWREHLQWKHPLGVWRISHUVRQV
HOHYDWHGE\P\VHOIWRSODFHVRIKRQRUZKRRXJKWWRZDWFK
RYHUPHPRUHFDUHIXOO\WKDQRYHUWKHPVHOYHVIRUP\
IRUWXQHLVWKHLUVEHIRUHPHWKH\ZHUHQRWKLQJDIWHUPH
WKH\ZLOOEHQRWKLQJDQGSHULVKPLVHUDEO\IURPLQFDSDFLW\
LQHSWLWXGH2K\HVVLU\RXDUHULJKWLWLV
IDWDOLW\
7KHPLQLVWHUTXDLOHGEHIRUHWKLVRXWEXUVWRIVDUFDVP0GH
%ODFDVZLSHGWKHPRLVWXUHIURPKLVEURZ9LOOHIRUWVPLOHG
ZLWKLQKLPVHOIIRUKHIHOWKLVLQFUHDVHGLPSRUWDQFH
7RIDOOFRQWLQXHG.LQJ/RXLVZKRDWWKHILUVWJODQFHKDG
VRXQGHGWKHDE\VVRQZKLFKWKHPRQDUFK\KXQJVXVSHQGHG
WRIDOODQGOHDUQRIWKDWIDOOE\WHOHJUDSK2K,ZRXOG
UDWKHUPRXQWWKHVFDIIROGRIP\EURWKHU/RXLV;9,WKDQ
WKXVGHVFHQGWKHVWDLUFDVHDWWKH7XLOHULHVGULYHQDZD\E\
ULGLFXOH5LGLFXOHVLUZK\\RXNQRZQRWLWVSRZHULQ
)UDQFHDQG\HW\RXRXJKWWRNQRZLW
6LUHVLUHPXUPXUHGWKHPLQLVWHUIRUSLW\
V
$SSURDFK0GH9LOOHIRUWUHVXPHGWKHNLQJDGGUHVVLQJ
WKH\RXQJPDQZKRPRWLRQOHVVDQGEUHDWKOHVVZDVOLVWHQLQJ
WRDFRQYHUVDWLRQRQZKLFKGHSHQGHGWKHGHVWLQ\RID
NLQJGRP$SSURDFKDQGWHOOPRQVLHXUWKDWLWLVSRVVLEOHWR
NQRZEHIRUHKDQGDOOWKDWKHKDVQRWNQRZQ
6LUHLWZDVUHDOO\LPSRVVLEOHWROHDUQVHFUHWVZKLFKWKDW
PDQFRQFHDOHGIURPDOOWKHZRUOG
5HDOO\LPSRVVLEOH<HVWKDWLVDJUHDWZRUGVLU
8QIRUWXQDWHO\WKHUHDUHJUHDWZRUGVDVWKHUHDUHJUHDW
PHQ,KDYHPHDVXUHGWKHP5HDOO\LPSRVVLEOHIRUDPLQLVWHU
ZKRKDVDQRIILFHDJHQWVVSLHVDQGILIWHHQKXQGUHG
WKRXVDQGIUDQFVIRUVHFUHWVHUYLFHPRQH\WRNQRZZKDWLV
JRLQJRQDWVL[W\OHDJXHVIURPWKHFRDVWRI)UDQFH:HOO
WKHQVHHKHUHLVDJHQWOHPDQZKRKDGQRQHRIWKHVH
UHVRXUFHVDWKLVGLVSRVDODJHQWOHPDQRQO\DVLPSOH
PDJLVWUDWHZKROHDUQHGPRUHWKDQ\RXZLWKDOO\RXUSROLFH
DQGZKRZRXOGKDYHVDYHGP\FURZQLIOLNH\RXKHKDGWKH
SRZHURIGLUHFWLQJDWHOHJUDSK7KHORRNRIWKHPLQLVWHURI
SROLFHZDVWXUQHGZLWKFRQFHQWUDWHGVSLWHRQ9LOOHIRUWZKR
EHQWKLVKHDGLQPRGHVWWULXPSK

111

,GRQRWPHDQWKDWIRU\RX%ODFDVFRQWLQXHG/RXLV
;9,,,IRULI\RXKDYHGLVFRYHUHGQRWKLQJDWOHDVW\RX
KDYHKDGWKHJRRGVHQVHWRSHUVHYHUHLQ\RXUVXVSLFLRQV$Q\
RWKHUWKDQ\RXUVHOIZRXOGKDYHFRQVLGHUHGWKHGLVFORVXUHRI
0GH9LOOHIRUWLQVLJQLILFDQWRUHOVHGLFWDWHGE\YHQDO
DPELWLRQ7KHVHZRUGVZHUHDQDOOXVLRQWRWKHVHQWLPHQWV
ZKLFKWKHPLQLVWHURISROLFHKDGXWWHUHGZLWKVRPXFK
FRQILGHQFHDQKRXUEHIRUH
9LOOHIRUWXQGHUVWRRGWKHNLQJ
VLQWHQW$Q\RWKHUSHUVRQ
ZRXOGSHUKDSVKDYHEHHQRYHUFRPHE\VXFKDQLQWR[LFDWLQJ
GUDXJKWRISUDLVHEXWKHIHDUHGWRPDNHIRUKLPVHOID
PRUWDOHQHP\RIWKHSROLFHPLQLVWHUDOWKRXJKKHVDZWKDW
'DQGUHZDVLUUHYRFDEO\ORVW,QIDFWWKHPLQLVWHUZKRLQ
WKHSOHQLWXGHRIKLVSRZHUKDGEHHQXQDEOHWRXQHDUWK
1DSROHRQ
VVHFUHWPLJKWLQGHVSDLUDWKLVRZQGRZQIDOO
LQWHUURJDWH'DQWHVDQGVROD\EDUHWKHPRWLYHVRI
9LOOHIRUW
VSORW5HDOL]LQJWKLV9LOOHIRUWFDPHWRWKH
UHVFXHRIWKHFUHVWIDOOHQPLQLVWHULQVWHDGRIDLGLQJWR
FUXVKKLP
6LUHVDLG9LOOHIRUWWKHVXGGHQQHVVRIWKLVHYHQWPXVW
SURYHWR\RXUPDMHVW\WKDWWKHLVVXHLVLQWKHKDQGVRI
3URYLGHQFHZKDW\RXUPDMHVW\LVSOHDVHGWRDWWULEXWHWRPH
DVSURIRXQGSHUVSLFDFLW\LVVLPSO\RZLQJWRFKDQFHDQG,
KDYHSURILWHGE\WKDWFKDQFHOLNHDJRRGDQGGHYRWHG
VHUYDQWWKDW
VDOO'RQRWDWWULEXWHWRPHPRUHWKDQ,
GHVHUYHVLUHWKDW\RXUPDMHVW\PD\QHYHUKDYHRFFDVLRQWR
UHFDOOWKHILUVWRSLQLRQ\RXKDYHEHHQSOHDVHGWRIRUPRI
PH7KHPLQLVWHURISROLFHWKDQNHGWKH\RXQJPDQE\DQ
HORTXHQWORRNDQG9LOOHIRUWXQGHUVWRRGWKDWKHKDG
VXFFHHGHGLQKLVGHVLJQWKDWLVWRVD\WKDWZLWKRXW
IRUIHLWLQJWKHJUDWLWXGHRIWKHNLQJKHKDGPDGHDIULHQG
RIRQHRQZKRPLQFDVHRIQHFHVVLW\KHPLJKWUHO\

7LVZHOOUHVXPHGWKHNLQJ$QGQRZJHQWOHPHQKH
FRQWLQXHGWXUQLQJWRZDUGV0GH%ODFDVDQGWKHPLQLVWHURI
SROLFH,KDYHQRIXUWKHURFFDVLRQIRU\RXDQG\RXPD\
UHWLUHZKDWQRZUHPDLQVWRGRLVLQWKHGHSDUWPHQWRIWKH
PLQLVWHURIZDU
)RUWXQDWHO\VLUHVDLG0GH%ODFDVZHFDQUHO\RQWKH
DUP\\RXUPDMHVW\NQRZVKRZHYHU\UHSRUWFRQILUPVWKHLU

112

OR\DOW\DQGDWWDFKPHQW
'RQRWPHQWLRQUHSRUWVGXNHWRPHIRU,NQRZQRZZKDW
FRQILGHQFHWRSODFHLQWKHP<HWVSHDNLQJRIUHSRUWV
EDURQZKDWKDYH\RXOHDUQHGZLWKUHJDUGWRWKHDIIDLULQ
WKH5XH6DLQW-DFTXHV"
7KHDIIDLULQWKH5XH6DLQW-DFTXHVH[FODLPHG9LOOHIRUW
XQDEOHWRUHSUHVVDQH[FODPDWLRQ7KHQVXGGHQO\SDXVLQJKH
DGGHG<RXUSDUGRQVLUHEXWP\GHYRWLRQWR\RXUPDMHVW\
KDVPDGHPHIRUJHWQRWWKHUHVSHFW,KDYHIRUWKDWLVWRR
GHHSO\HQJUDYHGLQP\KHDUWEXWWKHUXOHVRIHWLTXHWWH
*RRQJRRQVLUUHSOLHGWKHNLQJ\RXKDYHWRGD\
HDUQHGWKHULJKWWRPDNHLQTXLULHVKHUH
6LUHLQWHUSRVHGWKHPLQLVWHURISROLFH,FDPHDPRPHQW
DJRWRJLYH\RXUPDMHVW\IUHVKLQIRUPDWLRQZKLFK,KDG
REWDLQHGRQWKLVKHDGZKHQ\RXUPDMHVW\
VDWWHQWLRQZDV
DWWUDFWHGE\WKHWHUULEOHHYHQWWKDWKDVRFFXUUHGLQWKH
JXOIDQGQRZWKHVHIDFWVZLOOFHDVHWRLQWHUHVW\RXU
PDMHVW\
2QWKHFRQWUDU\VLURQWKHFRQWUDU\VDLG/RXLV
;9,,,WKLVDIIDLUVHHPVWRPHWRKDYHDGHFLGHG
FRQQHFWLRQZLWKWKDWZKLFKRFFXSLHVRXUDWWHQWLRQDQGWKH
GHDWKRI*HQHUDO4XHVQHOZLOOSHUKDSVSXWXVRQWKHGLUHFW
WUDFNRIDJUHDWLQWHUQDOFRQVSLUDF\$WWKHQDPHRI
*HQHUDO4XHVQHO9LOOHIRUWWUHPEOHG
(YHU\WKLQJSRLQWVWRWKHFRQFOXVLRQVLUHVDLGWKH
PLQLVWHURISROLFHWKDWGHDWKZDVQRWWKHUHVXOWRI
VXLFLGHDVZHILUVWEHOLHYHGEXWRIDVVDVVLQDWLRQ*HQHUDO
4XHVQHOLWDSSHDUVKDGMXVWOHIWD%RQDSDUWLVWFOXEZKHQ
KHGLVDSSHDUHG$QXQNQRZQSHUVRQKDGEHHQZLWKKLPWKDW
PRUQLQJDQGPDGHDQDSSRLQWPHQWZLWKKLPLQWKH5XH
6DLQW-DFTXHVXQIRUWXQDWHO\WKHJHQHUDO
VYDOHWZKRZDV
GUHVVLQJKLVKDLUDWWKHPRPHQWZKHQWKHVWUDQJHUHQWHUHG
KHDUGWKHVWUHHWPHQWLRQHGEXWGLGQRWFDWFKWKHQXPEHU
$VWKHSROLFHPLQLVWHUUHODWHGWKLVWRWKHNLQJ9LOOHIRUW
ZKRORRNHGDVLIKLVYHU\OLIHKXQJRQWKHVSHDNHU
VOLSV
WXUQHGDOWHUQDWHO\UHGDQGSDOH7KHNLQJORRNHGWRZDUGV
KLP

113

'R\RXQRWWKLQNZLWKPH0GH9LOOHIRUWWKDW*HQHUDO
4XHVQHOZKRPWKH\EHOLHYHGDWWDFKHGWRWKHXVXUSHUEXWZKR
ZDVUHDOO\HQWLUHO\GHYRWHGWRPHKDVSHULVKHGWKHYLFWLP
RID%RQDSDUWLVWDPEXVK"
,WLVSUREDEOHVLUHUHSOLHG9LOOHIRUW%XWLVWKLVDOO
WKDWLVNQRZQ"
7KH\DUHRQWKHWUDFNRIWKHPDQZKRDSSRLQWHGWKHPHHWLQJ
ZLWKKLP
2QKLVWUDFN"VDLG9LOOHIRUW
<HVWKHVHUYDQWKDVJLYHQKLVGHVFULSWLRQ+HLVDPDQRI
IURPILIW\WRILIW\WZR\HDUVRIDJHGDUNZLWKEODFNH\HV
FRYHUHGZLWKVKDJJ\H\HEURZVDQGDWKLFNPXVWDFKH+HZDV
GUHVVHGLQDEOXHIURFNFRDWEXWWRQHGXSWRWKHFKLQDQG
ZRUHDWKLVEXWWRQKROHWKHURVHWWHRIDQRIILFHURIWKH
/HJLRQRI+RQRU<HVWHUGD\DSHUVRQH[DFWO\FRUUHVSRQGLQJ
ZLWKWKLVGHVFULSWLRQZDVIROORZHGEXWKHZDVORVWVLJKWRI
DWWKHFRUQHURIWKH5XHGHOD-XVVLHQQHDQGWKH5XH
&RT+HURQ9LOOHIRUWOHDQHGRQWKHEDFNRIDQDUPFKDLU
IRUDVWKHPLQLVWHURISROLFHZHQWRQVSHDNLQJKHIHOWKLV
OHJVEHQGXQGHUKLPEXWZKHQKHOHDUQHGWKDWWKHXQNQRZQ
KDGHVFDSHGWKHYLJLODQFHRIWKHDJHQWZKRIROORZHGKLPKH
EUHDWKHGDJDLQ
&RQWLQXHWRVHHNIRUWKLVPDQVLUVDLGWKHNLQJWRWKH
PLQLVWHURISROLFHIRULIDV,DPDOOEXWFRQYLQFHG
*HQHUDO4XHVQHOZKRZRXOGKDYHEHHQVRXVHIXOWRXVDWWKLV
PRPHQWKDVEHHQPXUGHUHGKLVDVVDVVLQV%RQDSDUWLVWVRU
QRWVKDOOEHFUXHOO\SXQLVKHG,WUHTXLUHGDOO9LOOHIRUW
V
FRROQHVVQRWWREHWUD\WKHWHUURUZLWKZKLFKWKLV
GHFODUDWLRQRIWKHNLQJLQVSLUHGKLP
+RZVWUDQJHFRQWLQXHGWKHNLQJZLWKVRPHDVSHULW\WKH
SROLFHWKLQNWKDWWKH\KDYHGLVSRVHGRIWKHZKROHPDWWHU
ZKHQWKH\VD\C$PXUGHUKDVEHHQFRPPLWWHG
DQGHVSHFLDOO\
VRZKHQWKH\FDQDGGC$QGZHDUHRQWKHWUDFNRIWKHJXLOW\
SHUVRQV

6LUH\RXUPDMHVW\ZLOO,WUXVWEHDPSO\VDWLVILHGRQ
WKLVSRLQWDWOHDVW

114

:HVKDOOVHH,ZLOOQRORQJHUGHWDLQ\RX0GH9LOOHIRUW
IRU\RXPXVWEHIDWLJXHGDIWHUVRORQJDMRXUQH\JRDQG
UHVW2IFRXUVH\RXVWRSSHGDW\RXUIDWKHU
V"$IHHOLQJRI
IDLQWQHVVFDPHRYHU9LOOHIRUW
1RVLUHKHUHSOLHG,DOLJKWHGDWWKH+RWHOGH0DGULG
LQWKH5XHGH7RXUQRQ
%XW\RXKDYHVHHQKLP"
6LUH,ZHQWVWUDLJKWWRWKH'XFGH%ODFDV
%XW\RXZLOOVHHKLPWKHQ"
,WKLQNQRWVLUH
$K,IRUJRWVDLG/RXLVVPLOLQJLQDPDQQHUZKLFKSURYHG
WKDWDOOWKHVHTXHVWLRQVZHUHQRWPDGHZLWKRXWDPRWLYH,
IRUJRW\RXDQG01RLUWLHUDUHQRWRQWKHEHVWWHUPV
SRVVLEOHDQGWKDWLVDQRWKHUVDFULILFHPDGHWRWKHUR\DO
FDXVHDQGIRUZKLFK\RXVKRXOGEHUHFRPSHQVHG
6LUHWKHNLQGQHVV\RXUPDMHVW\GHLJQVWRHYLQFHWRZDUGVPH
LVDUHFRPSHQVHZKLFKVRIDUVXUSDVVHVP\XWPRVWDPELWLRQ
WKDW,KDYHQRWKLQJPRUHWRDVNIRU
1HYHUPLQGVLUZHZLOOQRWIRUJHW\RXPDNH\RXUPLQG
HDV\,QWKHPHDQZKLOH WKHNLQJKHUHGHWDFKHGWKHFURVVRI
WKH/HJLRQRI+RQRUZKLFKKHXVXDOO\ZRUHRYHUKLVEOXH
FRDWQHDUWKHFURVVRI6W/RXLVDERYHWKHRUGHURI
1RWUH'DPHGX0RQW&DUPHODQG6W/D]DUHDQGJDYHLWWR
9LOOHIRUW LQWKHPHDQZKLOHWDNHWKLVFURVV
6LUHVDLG9LOOHIRUW\RXUPDMHVW\PLVWDNHVWKLVLVDQ
RIILFHU
VFURVV
0DIRLVDLG/RXLV;9,,,WDNHLWVXFKDVLWLVIRU,
KDYHQRWWKHWLPHWRSURFXUH\RXDQRWKHU%ODFDVOHWLWEH
\RXUFDUHWRVHHWKDWWKHEUHYHWLVPDGHRXWDQGVHQWWR0
GH9LOOHIRUW9LOOHIRUW
VH\HVZHUHILOOHGZLWKWHDUVRI
MR\DQGSULGHKHWRRNWKHFURVVDQGNLVVHGLW
$QGQRZKHVDLGPD\,LQTXLUHZKDWDUHWKHRUGHUVZLWK
ZKLFK\RXUPDMHVW\GHLJQVWRKRQRUPH"

115

7DNHZKDWUHVW\RXUHTXLUHDQGUHPHPEHUWKDWLI\RXDUH
QRWDEOHWRVHUYHPHKHUHLQ3DULV\RXPD\EHRIWKH
JUHDWHVWVHUYLFHWRPHDW0DUVHLOOHV
6LUHUHSOLHG9LOOHIRUWERZLQJLQDQKRXU,VKDOOKDYH
TXLWWHG3DULV
*RVLUVDLGWKHNLQJDQGVKRXOG,IRUJHW\RX NLQJV

PHPRULHVDUHVKRUW GRQRWEHDIUDLGWREULQJ\RXUVHOIWR
P\UHFROOHFWLRQ%DURQVHQGIRUWKHPLQLVWHURIZDU
%ODFDVUHPDLQ
$KVLUVDLGWKHPLQLVWHURISROLFHWR9LOOHIRUWDVWKH\
OHIWWKH7XLOHULHV\RXHQWHUHGE\OXFN
VGRRU\RXU
IRUWXQHLVPDGH
:LOOLWEHORQJILUVW"PXWWHUHG9LOOHIRUWVDOXWLQJWKH
PLQLVWHUZKRVHFDUHHUZDVHQGHGDQGORRNLQJDERXWKLPIRU
DKDFNQH\FRDFK2QHSDVVHGDWWKHPRPHQWZKLFKKHKDLOHG
KHJDYHKLVDGGUHVVWRWKHGULYHUDQGVSULQJLQJLQWKUHZ
KLPVHOIRQWKHVHDWDQGJDYHORRVHWRGUHDPVRIDPELWLRQ
7HQPLQXWHVDIWHUZDUGV9LOOHIRUWUHDFKHGKLVKRWHORUGHUHG
KRUVHVWREHUHDG\LQWZRKRXUVDQGDVNHGWRKDYHKLV
EUHDNIDVWEURXJKWWRKLP+HZDVDERXWWREHJLQKLVUHSDVW
ZKHQWKHVRXQGRIWKHEHOOUDQJVKDUSDQGORXG7KHYDOHW
RSHQHGWKHGRRUDQG9LOOHIRUWKHDUGVRPHRQHVSHDNKLV
QDPH
:KRFRXOGNQRZWKDW,ZDVKHUHDOUHDG\"VDLGWKH\RXQJ
PDQ7KHYDOHWHQWHUHG
:HOOVDLG9LOOHIRUWZKDWLVLW":KRUDQJ":KR
DVNHGIRUPH"
$VWUDQJHUZKRZLOOQRWVHQGLQKLVQDPH
$VWUDQJHUZKRZLOOQRWVHQGLQKLVQDPH:KDWFDQKHZDQW
ZLWKPH"
+HZLVKHVWRVSHDNWR\RX
7RPH"

116

<HV
'LGKHPHQWLRQP\QDPH"
<HV
:KDWVRUWRISHUVRQLVKH"
:K\VLUDPDQRIDERXWILIW\
6KRUWRUWDOO"
$ERXW\RXURZQKHLJKWVLU
'DUNRUIDLU"
'DUNYHU\GDUNZLWKEODFNH\HVEODFNKDLUEODFN
H\HEURZV
$QGKRZGUHVVHG"DVNHG9LOOHIRUWTXLFNO\
,QDEOXHIURFNFRDWEXWWRQHGXSFORVHGHFRUDWHGZLWKWKH
/HJLRQRI+RQRU
,WLVKHVDLG9LOOHIRUWWXUQLQJSDOH
(KSDUGLHXVDLGWKHLQGLYLGXDOZKRVHGHVFULSWLRQZHKDYH
WZLFHJLYHQHQWHULQJWKHGRRUZKDWDJUHDWGHDORI
FHUHPRQ\,VLWWKHFXVWRPLQ0DUVHLOOHVIRUVRQVWRNHHS
WKHLUIDWKHUVZDLWLQJLQWKHLUDQWHURRPV"
)DWKHUFULHG9LOOHIRUWWKHQ,ZDVQRWGHFHLYHG,IHOW
VXUHLWPXVWEH\RX
:HOOWKHQLI\RXIHOWVRVXUHUHSOLHGWKHQHZFRPHU
SXWWLQJKLVFDQHLQDFRUQHUDQGKLVKDWRQDFKDLUDOORZ
PHWRVD\P\GHDU*HUDUGWKDWLWZDVQRWYHU\ILOLDORI
\RXWRNHHSPHZDLWLQJDWWKHGRRU
/HDYHXV*HUPDLQVDLG9LOOHIRUW7KHVHUYDQWTXLWWHGWKH
DSDUWPHQWZLWKHYLGHQWVLJQVRIDVWRQLVKPHQW

117

&KDSWHU
)DWKHUDQG6RQ
01RLUWLHUIRULWZDVLQGHHGKHZKRHQWHUHGORRNHG
DIWHUWKHVHUYDQWXQWLOWKHGRRUZDVFORVHGDQGWKHQ
IHDULQJQRGRXEWWKDWKHPLJKWEHRYHUKHDUGLQWKH
DQWHFKDPEHUKHRSHQHGWKHGRRUDJDLQQRUZDVWKH
SUHFDXWLRQXVHOHVVDVDSSHDUHGIURPWKHUDSLGUHWUHDWRI
*HUPDLQZKRSURYHGWKDWKHZDVQRWH[HPSWIURPWKHVLQ
ZKLFKUXLQHGRXUILUVWSDUHQWV01RLUWLHUWKHQWRRNWKH
WURXEOHWRFORVHDQGEROWWKHDQWHFKDPEHUGRRUWKHQWKDW
RIWKHEHGFKDPEHUDQGWKHQH[WHQGHGKLVKDQGWR9LOOHIRUW
ZKRKDGIROORZHGDOOKLVPRWLRQVZLWKVXUSULVHZKLFKKH
FRXOGQRWFRQFHDO
:HOOQRZP\GHDU*HUDUGVDLGKHWRWKH\RXQJPDQZLWK
DYHU\VLJQLILFDQWORRNGR\RXNQRZ\RXVHHPDVLI\RX
ZHUHQRWYHU\JODGWRVHHPH"
0\GHDUIDWKHUVDLG9LOOHIRUW,DPRQWKHFRQWUDU\
GHOLJKWHGEXW,VROLWWOHH[SHFWHG\RXUYLVLWWKDWLWKDV
VRPHZKDWRYHUFRPHPH
%XWP\GHDUIHOORZUHSOLHG01RLUWLHUVHDWLQJKLPVHOI
,PLJKWVD\WKHVDPHWKLQJWR\RXZKHQ\RXDQQRXQFHWRPH
\RXUZHGGLQJIRUWKHWKRI)HEUXDU\DQGRQWKHUGRI
0DUFK\RXWXUQXSKHUHLQ3DULV
$QGLI,KDYHFRPHP\GHDUIDWKHUVDLG*HUDUGGUDZLQJ
FORVHUWR01RLUWLHUGRQRWFRPSODLQIRULWLVIRU\RX
WKDW,FDPHDQGP\MRXUQH\ZLOOEH\RXUVDOYDWLRQ
$KLQGHHGVDLG01RLUWLHUVWUHWFKLQJKLPVHOIRXWDW
KLVHDVHLQWKHFKDLU5HDOO\SUD\WHOOPHDOODERXWLW
IRULWPXVWEHLQWHUHVWLQJ
)DWKHU\RXKDYHKHDUGVSHDNRIDFHUWDLQ%RQDSDUWLVWFOXE
LQWKH5XH6DLQW-DFTXHV"
1R\HV,DPYLFHSUHVLGHQW
)DWKHU\RXUFRROQHVVPDNHVPHVKXGGHU

118

:K\P\GHDUER\ZKHQDPDQKDVEHHQSURVFULEHGE\WKH
PRXQWDLQHHUVKDVHVFDSHGIURP3DULVLQDKD\FDUWEHHQ
KXQWHGRYHUWKHSODLQVRI%RUGHDX[E\5REHVSLHUUH
V
EORRGKRXQGVKHEHFRPHVDFFXVWRPHGWRPRVWWKLQJV%XWJR
RQZKDWDERXWWKHFOXELQWKH5XH6DLQW-DFTXHV"
:K\WKH\LQGXFHG*HQHUDO4XHVQHOWRJRWKHUHDQG*HQHUDO
4XHVQHOZKRTXLWWHGKLVRZQKRXVHDWQLQHR
FORFNLQWKH
HYHQLQJZDVIRXQGWKHQH[WGD\LQWKH6HLQH
$QGZKRWROG\RXWKLVILQHVWRU\"
7KHNLQJKLPVHOI
:HOOWKHQLQUHWXUQIRU\RXUVWRU\FRQWLQXHG1RLUWLHU
,ZLOOWHOO\RXDQRWKHU
0\GHDUIDWKHU,WKLQN,DOUHDG\NQRZZKDW\RXDUHDERXW
WRWHOOPH
$K\RXKDYHKHDUGRIWKHODQGLQJRIWKHHPSHURU"
1RWVRORXGIDWKHU,HQWUHDWRI\RXIRU\RXURZQVDNH
DVZHOODVPLQH<HV,KHDUGWKLVQHZVDQGNQHZLWHYHQ
EHIRUH\RXFRXOGIRUWKUHHGD\VDJR,SRVWHGIURP
0DUVHLOOHVWR3DULVZLWKDOOSRVVLEOHVSHHGKDOIGHVSHUDWH
DWWKHHQIRUFHGGHOD\
7KUHHGD\VDJR"<RXDUHFUD]\:K\WKUHHGD\VDJRWKH
HPSHURUKDGQRWODQGHG
1RPDWWHU,ZDVDZDUHRIKLVLQWHQWLRQ
+RZGLG\RXNQRZDERXWLW"
%\DOHWWHUDGGUHVVHGWR\RXIURPWKH,VODQGRI(OED
7RPH"
7R\RXDQGZKLFK,GLVFRYHUHGLQWKHSRFNHWERRNRIWKH
PHVVHQJHU+DGWKDWOHWWHUIDOOHQLQWRWKHKDQGVRIDQRWKHU
\RXP\GHDUIDWKHUZRXOGSUREDEO\HUHWKLVKDYHEHHQ
VKRW9LOOHIRUW
VIDWKHUODXJKHG

119

&RPHFRPHVDLGKHZLOOWKH5HVWRUDWLRQDGRSWLPSHULDO
PHWKRGVVRSURPSWO\"6KRWP\GHDUER\":KDWDQLGHD:KHUH
LVWKHOHWWHU\RXVSHDNRI",NQRZ\RXWRRZHOOWRVXSSRVH
\RXZRXOGDOORZVXFKDWKLQJWRSDVV\RX
,EXUQWLWIRUIHDUWKDWHYHQDIUDJPHQWVKRXOGUHPDLQ
IRUWKDWOHWWHUPXVWKDYHOHGWR\RXUFRQGHPQDWLRQ
$QGWKHGHVWUXFWLRQRI\RXUIXWXUHSURVSHFWVUHSOLHG
1RLUWLHU\HV,FDQHDVLO\FRPSUHKHQGWKDW%XW,KDYH
QRWKLQJWRIHDUZKLOH,KDYH\RXWRSURWHFWPH
,GREHWWHUWKDQWKDWVLU,VDYH\RX
<RXGR":K\UHDOO\WKHWKLQJEHFRPHVPRUHDQGPRUH
GUDPDWLFH[SODLQ\RXUVHOI
,PXVWUHIHUDJDLQWRWKHFOXELQWKH5XH6DLQW-DFTXHV
,WDSSHDUVWKDWWKLVFOXELVUDWKHUDERUHWRWKHSROLFH
:K\GLGQ
WWKH\VHDUFKPRUHYLJLODQWO\"WKH\ZRXOGKDYH
IRXQG
7KH\KDYHQRWIRXQGEXWWKH\DUHRQWKHWUDFN
<HVWKDWWKHXVXDOSKUDVH,DPTXLWHIDPLOLDUZLWKLW
:KHQWKHSROLFHLVDWIDXOWLWGHFODUHVWKDWLWLVRQWKH
WUDFNDQGWKHJRYHUQPHQWSDWLHQWO\DZDLWVWKHGD\ZKHQLW
FRPHVWRVD\ZLWKDVQHDNLQJDLUWKDWWKHWUDFNLVORVW
<HVEXWWKH\KDYHIRXQGDFRUSVHWKHJHQHUDOKDVEHHQ
NLOOHGDQGLQDOOFRXQWULHVWKH\FDOOWKDWDPXUGHU
$PXUGHUGR\RXFDOOLW"ZK\WKHUHLVQRWKLQJWRSURYH
WKDWWKHJHQHUDOZDVPXUGHUHG3HRSOHDUHIRXQGHYHU\GD\LQ
WKH6HLQHKDYLQJWKURZQWKHPVHOYHVLQRUKDYLQJEHHQ
GURZQHGIURPQRWNQRZLQJKRZWRVZLP
)DWKHU\RXNQRZYHU\ZHOOWKDWWKHJHQHUDOZDVQRWDPDQ
WRGURZQKLPVHOILQGHVSDLUDQGSHRSOHGRQRWEDWKHLQWKH
6HLQHLQWKHPRQWKRI-DQXDU\1RQRGRQRWEHGHFHLYHG
WKLVZDVPXUGHULQHYHU\VHQVHRIWKHZRUG
$QGZKRWKXVGHVLJQDWHGLW"

120

7KHNLQJKLPVHOI
7KHNLQJ,WKRXJKWKHZDVSKLORVRSKHUHQRXJKWRDOORZWKDW
WKHUHZDVQRPXUGHULQSROLWLFV,QSROLWLFVP\GHDU
IHOORZ\RXNQRZDVZHOODV,GRWKHUHDUHQRPHQEXW
LGHDVQRIHHOLQJVEXWLQWHUHVWVLQSROLWLFVZHGRQRW
NLOODPDQZHRQO\UHPRYHDQREVWDFOHWKDWLVDOO:RXOG
\RXOLNHWRNQRZKRZPDWWHUVKDYHSURJUHVVHG":HOO,ZLOO
WHOO\RX,WZDVWKRXJKWUHOLDQFHPLJKWEHSODFHGLQ*HQHUDO
4XHVQHOKHZDVUHFRPPHQGHGWRXVIURPWKH,VODQGRI(OED
RQHRIXVZHQWWRKLPDQGLQYLWHGKLPWRWKH5XH
6DLQW-DFTXHVZKHUHKHZRXOGILQGVRPHIULHQGV+HFDPH
WKHUHDQGWKHSODQZDVXQIROGHGWRKLPIRUOHDYLQJ(OED
WKHSURMHFWHGODQGLQJHWF:KHQKHKDGKHDUGDQG
FRPSUHKHQGHGDOOWRWKHIXOOHVWH[WHQWKHUHSOLHGWKDWKH
ZDVDUR\DOLVW7KHQDOOORRNHGDWHDFKRWKHUKHZDV
PDGHWRWDNHDQRDWKDQGGLGVREXWZLWKVXFKDQLOOJUDFH
WKDWLWZDVUHDOO\WHPSWLQJ3URYLGHQFHWRVZHDUKLPDQG
\HWLQVSLWHRIWKDWWKHJHQHUDOZDVDOORZHGWRGHSDUW
IUHHSHUIHFWO\IUHH<HWKHGLGQRWUHWXUQKRPH:KDW
FRXOGWKDWPHDQ"ZK\P\GHDUIHOORZWKDWRQOHDYLQJXVKH
ORVWKLVZD\WKDW
VDOO$PXUGHU"UHDOO\9LOOHIRUW\RX
VXUSULVHPH<RXDGHSXW\SURFXUHXUWRIRXQGDQDFFXVDWLRQ
RQVXFKEDGSUHPLVHV'LG,HYHUVD\WR\RXZKHQ\RXZHUH
IXOILOOLQJ\RXUFKDUDFWHUDVDUR\DOLVWDQGFXWRIIWKH
KHDGRIRQHRIP\SDUW\C0\VRQ\RXKDYHFRPPLWWHGD
PXUGHU"
1R,VDLGC9HU\ZHOOVLU\RXKDYHJDLQHGWKH
YLFWRU\WRPRUURZSHUFKDQFHLWZLOOEHRXUWXUQ

%XWIDWKHUWDNHFDUHZKHQRXUWXUQFRPHVRXUUHYHQJH
ZLOOEHVZHHSLQJ
,GRQRWXQGHUVWDQG\RX
<RXUHO\RQWKHXVXUSHU
VUHWXUQ"
:HGR
<RXDUHPLVWDNHQKHZLOOQRWDGYDQFHWZROHDJXHVLQWRWKH
LQWHULRURI)UDQFHZLWKRXWEHLQJIROORZHGWUDFNHGDQG
FDXJKWOLNHDZLOGEHDVW
0\GHDUIHOORZWKHHPSHURULVDWWKLVPRPHQWRQWKHZD\WR

121

*UHQREOHRQWKHWKRUWKKHZLOOEHDW/\RQVDQGRQ
WKHWKRUWKDW3DULV
7KHSHRSOHZLOOULVH
<HVWRJRDQGPHHWKLP
+HKDVEXWDKDQGIXORIPHQZLWKKLPDQGDUPLHVZLOOEH
GHVSDWFKHGDJDLQVWKLP
<HVWRHVFRUWKLPLQWRWKHFDSLWDO5HDOO\P\GHDU
*HUDUG\RXDUHEXWDFKLOG\RXWKLQN\RXUVHOIZHOO
LQIRUPHGEHFDXVHWKHWHOHJUDSKKDVWROG\RXWKUHHGD\V
DIWHUWKHODQGLQJC7KHXVXUSHUKDVODQGHGDW&DQQHVZLWK
VHYHUDOPHQ+HLVSXUVXHG
%XWZKHUHLVKH"ZKDWLVKH
GRLQJ"<RXGRQRWNQRZDWDOODQGLQWKLVZD\WKH\ZLOO
FKDVHKLPWR3DULVZLWKRXWGUDZLQJDWULJJHU
*UHQREOHDQG/\RQVDUHIDLWKIXOFLWLHVDQGZLOORSSRVHWR
KLPDQLPSDVVDEOHEDUULHU
*UHQREOHZLOORSHQKHUJDWHVWRKLPZLWKHQWKXVLDVPDOO
/\RQVZLOOKDVWHQWRZHOFRPHKLP%HOLHYHPHZHDUHDVZHOO
LQIRUPHGDV\RXDQGRXUSROLFHDUHDVJRRGDV\RXURZQ
:RXOG\RXOLNHDSURRIRILW"ZHOO\RXZLVKHGWRFRQFHDO
\RXUMRXUQH\IURPPHDQG\HW,NQHZRI\RXUDUULYDOKDOIDQ
KRXUDIWHU\RXKDGSDVVHGWKHEDUULHU<RXJDYH\RXU
GLUHFWLRQWRQRRQHEXW\RXUSRVWLOLRQ\HW,KDYH\RXU
DGGUHVVDQGLQSURRI,DPKHUHWKHYHU\LQVWDQW\RXDUH
JRLQJWRVLWDWWDEOH5LQJWKHQLI\RXSOHDVHIRUD
VHFRQGNQLIHIRUNDQGSODWHDQGZHZLOOGLQHWRJHWKHU
,QGHHGUHSOLHG9LOOHIRUWORRNLQJDWKLVIDWKHUZLWK
DVWRQLVKPHQW\RXUHDOO\GRVHHPYHU\ZHOOLQIRUPHG
(K"WKHWKLQJLVVLPSOHHQRXJK<RXZKRDUHLQSRZHUKDYH
RQO\WKHPHDQVWKDWPRQH\SURGXFHVZHZKRDUHLQ
H[SHFWDWLRQKDYHWKRVHZKLFKGHYRWLRQSURPSWV
'HYRWLRQVDLG9LOOHIRUWZLWKDVQHHU
<HVGHYRWLRQIRUWKDWLV,EHOLHYHWKHSKUDVHIRU
KRSHIXODPELWLRQ

122

$QG9LOOHIRUW
VIDWKHUH[WHQGHGKLVKDQGWRWKHEHOOURSH
WRVXPPRQWKHVHUYDQWZKRPKLVVRQKDGQRWFDOOHG9LOOHIRUW
FDXJKWKLVDUP
:DLWP\GHDUIDWKHUVDLGWKH\RXQJPDQRQHZRUGPRUH
6D\RQ
+RZHYHUVWXSLGWKHUR\DOLVWSROLFHPD\EHWKH\GRNQRZRQH
WHUULEOHWKLQJ
:KDWLVWKDW"
7KHGHVFULSWLRQRIWKHPDQZKRRQWKHPRUQLQJRIWKHGD\
ZKHQ*HQHUDO4XHVQHOGLVDSSHDUHGSUHVHQWHGKLPVHOIDWKLV
KRXVH
2KWKHDGPLUDEOHSROLFHKDYHIRXQGWKDWRXWKDYHWKH\"
$QGZKDWPD\EHWKDWGHVFULSWLRQ"
'DUNFRPSOH[LRQKDLUH\HEURZVDQGZKLVNHUVEODFNEOXH
IURFNFRDWEXWWRQHGXSWRWKHFKLQURVHWWHRIDQRIILFHU
RIWKH/HJLRQRI+RQRULQKLVEXWWRQKROHDKDWZLWKZLGH
EULPDQGDFDQH
$KKDWKDW
VLWLVLW"VDLG1RLUWLHUDQGZK\WKHQ
KDYHWKH\QRWODLGKDQGVRQKLP"
%HFDXVH\HVWHUGD\RUWKHGD\EHIRUHWKH\ORVWVLJKWRI
KLPDWWKHFRUQHURIWKH5XH&RT+HURQ
'LGQ
W,VD\WKDW\RXUSROLFHZHUHJRRGIRUQRWKLQJ"
<HVEXWWKH\PD\FDWFKKLP\HW
7UXHVDLG1RLUWLHUORRNLQJFDUHOHVVO\DURXQGKLPWUXH
LIWKLVSHUVRQZHUHQRWRQKLVJXDUGDVKHLVDQGKH
DGGHGZLWKDVPLOH+HZLOOFRQVHTXHQWO\PDNHDIHZFKDQJHV
LQKLVSHUVRQDODSSHDUDQFH$WWKHVHZRUGVKHURVHDQGSXW
RIIKLVIURFNFRDWDQGFUDYDWZHQWWRZDUGVDWDEOHRQZKLFK
OD\KLVVRQ
VWRLOHWDUWLFOHVODWKHUHGKLVIDFHWRRND
UD]RUDQGZLWKDILUPKDQGFXWRIIWKHFRPSURPLVLQJ
ZKLVNHUV9LOOHIRUWZDWFKHGKLPZLWKDODUPQRWGHYRLGRI
DGPLUDWLRQ

123

+LVZKLVNHUVFXWRII1RLUWLHUJDYHDQRWKHUWXUQWRKLV
KDLUWRRNLQVWHDGRIKLVEODFNFUDYDWDFRORUHG
QHFNHUFKLHIZKLFKOD\DWWKHWRSRIDQRSHQSRUWPDQWHDXSXW
RQLQOLHXRIKLVEOXHDQGKLJKEXWWRQHGIURFNFRDWDFRDW
RI9LOOHIRUW
VRIGDUNEURZQDQGFXWDZD\LQIURQWWULHG
RQEHIRUHWKHJODVVDQDUURZEULPPHGKDWRIKLVVRQ
VZKLFK
DSSHDUHGWRILWKLPSHUIHFWO\DQGOHDYLQJKLVFDQHLQWKH
FRUQHUZKHUHKHKDGGHSRVLWHGLWKHWRRNXSDVPDOOEDPERR
VZLWFKFXWWKHDLUZLWKLWRQFHRUWZLFHDQGZDONHGDERXW
ZLWKWKDWHDV\VZDJJHUZKLFKZDVRQHRIKLVSULQFLSDO
FKDUDFWHULVWLFV
:HOOKHVDLGWXUQLQJWRZDUGVKLVZRQGHULQJVRQZKHQ
WKLVGLVJXLVHZDVFRPSOHWHGZHOOGR\RXWKLQN\RXUSROLFH
ZLOOUHFRJQL]HPHQRZ
1RIDWKHUVWDPPHUHG9LOOHIRUWDWOHDVW,KRSHQRW
$QGQRZP\GHDUER\FRQWLQXHG1RLUWLHU,UHO\RQ\RXU
SUXGHQFHWRUHPRYHDOOWKHWKLQJVZKLFK,OHDYHLQ\RXU
FDUH
2KUHO\RQPHVDLG9LOOHIRUW
<HV\HVDQGQRZ,EHOLHYH\RXDUHULJKWDQGWKDW\RX
KDYHUHDOO\VDYHGP\OLIHEHDVVXUHG,ZLOOUHWXUQWKH
IDYRUKHUHDIWHU9LOOHIRUWVKRRNKLVKHDG
<RXDUHQRWFRQYLQFHG\HW"
,KRSHDWOHDVWWKDW\RXPD\EHPLVWDNHQ
6KDOO\RXVHHWKHNLQJDJDLQ"
3HUKDSV
:RXOG\RXSDVVLQKLVH\HVIRUDSURSKHW"
3URSKHWVRIHYLODUHQRWLQIDYRUDWWKHFRXUWIDWKHU
7UXHEXWVRPHGD\WKH\GRWKHPMXVWLFHDQGVXSSRVLQJD
VHFRQGUHVWRUDWLRQ\RXZRXOGWKHQSDVVIRUDJUHDWPDQ

124

:HOOZKDWVKRXOG,VD\WRWKHNLQJ"
6D\WKLVWRKLPC6LUH\RXDUHGHFHLYHGDVWRWKHIHHOLQJ
LQ)UDQFHDVWRWKHRSLQLRQVRIWKHWRZQVDQGWKH
SUHMXGLFHVRIWKHDUP\KHZKRPLQ3DULV\RXFDOOWKH
&RUVLFDQRJUHZKRDW1HYHUVLVVW\OHGWKHXVXUSHULV
DOUHDG\VDOXWHGDV%RQDSDUWHDW/\RQVDQGHPSHURUDW
*UHQREOH<RXWKLQNKHLVWUDFNHGSXUVXHGFDSWXUHGKHLV
DGYDQFLQJDVUDSLGO\DVKLVRZQHDJOHV7KHVROGLHUV\RX
EHOLHYHWREHG\LQJZLWKKXQJHUZRUQRXWZLWKIDWLJXH
UHDG\WRGHVHUWJDWKHUOLNHDWRPVRIVQRZDERXWWKHUROOLQJ
EDOODVLWKDVWHQVRQZDUG6LUHJROHDYH)UDQFHWRLWV
UHDOPDVWHUWRKLPZKRDFTXLUHGLWQRWE\SXUFKDVHEXWE\
ULJKWRIFRQTXHVWJRVLUHQRWWKDW\RXLQFXUDQ\ULVN
IRU\RXUDGYHUVDU\LVSRZHUIXOHQRXJKWRVKRZ\RXPHUF\EXW
EHFDXVHLWZRXOGEHKXPLOLDWLQJIRUDJUDQGVRQRI6DLQW
/RXLVWRRZHKLVOLIHWRWKHPDQRI$UFROD0DUHQJR
$XVWHUOLW]
7HOOKLPWKLV*HUDUGRUUDWKHUWHOOKLP
QRWKLQJ.HHS\RXUMRXUQH\DVHFUHWGRQRWERDVWRIZKDW
\RXKDYHFRPHWR3DULVWRGRRUKDYHGRQHUHWXUQZLWKDOO
VSHHGHQWHU0DUVHLOOHVDWQLJKWDQG\RXUKRXVHE\WKH
EDFNGRRUDQGWKHUHUHPDLQTXLHWVXEPLVVLYHVHFUHWDQG
DERYHDOOLQRIIHQVLYHIRUWKLVWLPH,VZHDUWR\RXZH
VKDOODFWOLNHSRZHUIXOPHQZKRNQRZWKHLUHQHPLHV*RP\
VRQJRP\GHDU*HUDUGDQGE\\RXUREHGLHQFHWRP\
SDWHUQDORUGHUVRULI\RXSUHIHULWIULHQGO\FRXQVHOVZH
ZLOONHHS\RXLQ\RXUSODFH7KLVZLOOEHDGGHG1RLUWLHU
ZLWKDVPLOHRQHPHDQVE\ZKLFK\RXPD\DVHFRQGWLPHVDYH
PHLIWKHSROLWLFDOEDODQFHVKRXOGVRPHGD\WDNHDQRWKHU
WXUQDQGFDVW\RXDORIWZKLOHKXUOLQJPHGRZQ$GLHXP\
GHDU*HUDUGDQGDW\RXUQH[WMRXUQH\DOLJKWDWP\GRRU
1RLUWLHUOHIWWKHURRPZKHQKHKDGILQLVKHGZLWKWKHVDPH
FDOPQHVVWKDWKDGFKDUDFWHUL]HGKLPGXULQJWKHZKROHRIWKLV
UHPDUNDEOHDQGWU\LQJFRQYHUVDWLRQ9LOOHIRUWSDOHDQG
DJLWDWHGUDQWRWKHZLQGRZSXWDVLGHWKHFXUWDLQDQGVDZ
KLPSDVVFRRODQGFROOHFWHGE\WZRRUWKUHHLOOORRNLQJ
PHQDWWKHFRUQHURIWKHVWUHHWZKRZHUHWKHUHSHUKDSVWR
DUUHVWDPDQZLWKEODFNZKLVNHUVDQGDEOXHIURFNFRDWDQG
KDWZLWKEURDGEULP
9LOOHIRUWVWRRGZDWFKLQJEUHDWKOHVVXQWLOKLVIDWKHUKDG
GLVDSSHDUHGDWWKH5XH%XVV\7KHQKHWXUQHGWRWKHYDULRXV
DUWLFOHVKHKDGOHIWEHKLQGKLPSXWWKHEODFNFUDYDWDQG
EOXHIURFNFRDWDWWKHERWWRPRIWKHSRUWPDQWHDXWKUHZWKH

125

KDWLQWRDGDUNFORVHWEURNHWKHFDQHLQWRVPDOOELWVDQG
IOXQJLWLQWKHILUHSXWRQKLVWUDYHOOLQJFDSDQGFDOOLQJ
KLVYDOHWFKHFNHGZLWKDORRNWKHWKRXVDQGTXHVWLRQVKHZDV
UHDG\WRDVNSDLGKLVELOOVSUDQJLQWRKLVFDUULDJHZKLFK
ZDVUHDG\OHDUQHGDW/\RQVWKDW%RQDSDUWHKDGHQWHUHG
*UHQREOHDQGLQWKHPLGVWRIWKHWXPXOWZKLFKSUHYDLOHG
DORQJWKHURDGDWOHQJWKUHDFKHG0DUVHLOOHVDSUH\WRDOO
WKHKRSHVDQGIHDUVZKLFKHQWHULQWRWKHKHDUWRIPDQZLWK
DPELWLRQDQGLWVILUVWVXFFHVVHV

&KDSWHU
7KH+XQGUHG'D\V
01RLUWLHUZDVDWUXHSURSKHWDQGWKLQJVSURJUHVVHG
UDSLGO\DVKHKDGSUHGLFWHG(YHU\RQHNQRZVWKHKLVWRU\RI
WKHIDPRXVUHWXUQIURP(OEDDUHWXUQZKLFKZDV
XQSUHFHGHQWHGLQWKHSDVWDQGZLOOSUREDEO\UHPDLQZLWKRXW
DFRXQWHUSDUWLQWKHIXWXUH
/RXLV;9,,,PDGHEXWDIDLQWDWWHPSWWRSDUU\WKLV
XQH[SHFWHGEORZWKHPRQDUFK\KHKDGVFDUFHO\UHFRQVWUXFWHG
WRWWHUHGRQLWVSUHFDULRXVIRXQGDWLRQDQGDWDVLJQIURP
WKHHPSHURUWKHLQFRQJUXRXVVWUXFWXUHRIDQFLHQWSUHMXGLFHV
DQGQHZLGHDVIHOOWRWKHJURXQG9LOOHIRUWWKHUHIRUH
JDLQHGQRWKLQJVDYHWKHNLQJ
VJUDWLWXGH ZKLFKZDVUDWKHU
OLNHO\WRLQMXUHKLPDWWKHSUHVHQWWLPH DQGWKHFURVVRI
WKH/HJLRQRI+RQRUZKLFKKHKDGWKHSUXGHQFHQRWWRZHDU
DOWKRXJK0GH%ODFDVKDGGXO\IRUZDUGHGWKHEUHYHW
1DSROHRQZRXOGGRXEWOHVVKDYHGHSULYHG9LOOHIRUWRIKLV
RIILFHKDGLWQRWEHHQIRU1RLUWLHUZKRZDVDOOSRZHUIXODW
FRXUWDQGWKXVWKH*LURQGLQRI
DQGWKH6HQDWRURI
SURWHFWHGKLPZKRVRODWHO\KDGEHHQKLVSURWHFWRU$OO
9LOOHIRUW
VLQIOXHQFHEDUHO\HQDEOHGKLPWRVWLIOHWKH
VHFUHW'DQWHVKDGVRQHDUO\GLYXOJHG7KHNLQJ
VSURFXUHXU
DORQHZDVGHSULYHGRIKLVRIILFHEHLQJVXVSHFWHGRI
UR\DOLVP
+RZHYHUVFDUFHO\ZDVWKHLPSHULDOSRZHUHVWDEOLVKHGWKDW
LVVFDUFHO\KDGWKHHPSHURUUHHQWHUHGWKH7XLOHULHVDQG
EHJXQWRLVVXHRUGHUVIURPWKHFORVHWLQWRZKLFKZHKDYH
LQWURGXFHGRXUUHDGHUVKHIRXQGRQWKHWDEOHWKHUH/RXLV

126

;9,,,
VKDOIILOOHGVQXIIER[VFDUFHO\KDGWKLV
RFFXUUHGZKHQ0DUVHLOOHVEHJDQLQVSLWHRIWKHDXWKRULWLHV
WRUHNLQGOHWKHIODPHVRIFLYLOZDUDOZD\VVPRXOGHULQJLQ
WKHVRXWKDQGLWUHTXLUHGEXWOLWWOHWRH[FLWHWKHSRSXODFH
WRDFWVRIIDUJUHDWHUYLROHQFHWKDQWKHVKRXWVDQGLQVXOWV
ZLWKZKLFKWKH\DVVDLOHGWKHUR\DOLVWVZKHQHYHUWKH\
YHQWXUHGDEURDG
2ZLQJWRWKLVFKDQJHWKHZRUWK\VKLSRZQHUEHFDPHDWWKDW
PRPHQWZHZLOOQRWVD\DOOSRZHUIXOEHFDXVH0RUUHOZDVD
SUXGHQWDQGUDWKHUDWLPLGPDQVRPXFKVRWKDWPDQ\RIWKH
PRVW]HDORXVSDUWLVDQVRI%RQDSDUWHDFFXVHGKLPRI
PRGHUDWLRQEXWVXIILFLHQWO\LQIOXHQWLDOWRPDNHD
GHPDQGLQIDYRURI'DQWHV
9LOOHIRUWUHWDLQHGKLVSODFHEXWKLVPDUULDJHZDVSXWRII
XQWLODPRUHIDYRUDEOHRSSRUWXQLW\,IWKHHPSHURUUHPDLQHG
RQWKHWKURQH*HUDUGUHTXLUHGDGLIIHUHQWDOOLDQFHWRDLG
KLVFDUHHULI/RXLV;9,,,UHWXUQHGWKHLQIOXHQFHRI0GH
6DLQW0HUDQOLNHKLVRZQFRXOGEHYDVWO\LQFUHDVHGDQG
WKHPDUULDJHEHVWLOOPRUHVXLWDEOH7KHGHSXW\SURFXUHXU
ZDVWKHUHIRUHWKHILUVWPDJLVWUDWHRI0DUVHLOOHVZKHQRQH
PRUQLQJKLVGRRURSHQHGDQG00RUUHOZDVDQQRXQFHG
$Q\RQHHOVHZRXOGKDYHKDVWHQHGWRUHFHLYHKLPEXW
9LOOHIRUWZDVDPDQRIDELOLW\DQGKHNQHZWKLVZRXOGEHD
VLJQRIZHDNQHVV+HPDGH0RUUHOZDLWLQWKHDQWHFKDPEHU
DOWKRXJKKHKDGQRRQHZLWKKLPIRUWKHVLPSOHUHDVRQWKDW
WKHNLQJ
VSURFXUHXUDOZD\VPDNHVHYHU\RQHZDLWDQGDIWHU
SDVVLQJDTXDUWHURIDQKRXULQUHDGLQJWKHSDSHUVKH
RUGHUHG00RUUHOWREHDGPLWWHG
0RUUHOH[SHFWHG9LOOHIRUWZRXOGEHGHMHFWHGKHIRXQGKLPDV
KHKDGIRXQGKLPVL[ZHHNVEHIRUHFDOPILUPDQGIXOORI
WKDWJODFLDOSROLWHQHVVWKDWPRVWLQVXUPRXQWDEOHEDUULHU
ZKLFKVHSDUDWHVWKHZHOOEUHGIURPWKHYXOJDUPDQ
+HKDGHQWHUHG9LOOHIRUW
VRIILFHH[SHFWLQJWKDWWKH
PDJLVWUDWHZRXOGWUHPEOHDWWKHVLJKWRIKLPRQWKH
FRQWUDU\KHIHOWDFROGVKXGGHUDOORYHUKLPZKHQKHVDZ
9LOOHIRUWVLWWLQJWKHUHZLWKKLVHOERZRQKLVGHVNDQGKLV
KHDGOHDQLQJRQKLVKDQG+HVWRSSHGDWWKHGRRU9LOOHIRUW
JD]HGDWKLPDVLIKHKDGVRPHGLIILFXOW\LQUHFRJQL]LQJ
KLPWKHQDIWHUDEULHILQWHUYDOGXULQJZKLFKWKHKRQHVW

127

VKLSRZQHUWXUQHGKLVKDWLQKLVKDQGV
00RUUHO,EHOLHYH"VDLG9LOOHIRUW
<HVVLU
&RPHQHDUHUVDLGWKHPDJLVWUDWHZLWKDSDWURQL]LQJZDYH
RIWKHKDQGDQGWHOOPHWRZKDWFLUFXPVWDQFH,RZHWKH
KRQRURIWKLVYLVLW
'R\RXQRWJXHVVPRQVLHXU"DVNHG0RUUHO
1RWLQWKHOHDVWEXWLI,FDQVHUYH\RXLQDQ\ZD\,VKDOO
EHGHOLJKWHG
(YHU\WKLQJGHSHQGVRQ\RX
([SODLQ\RXUVHOISUD\
0RQVLHXUVDLG0RUUHOUHFRYHULQJKLVDVVXUDQFHDVKH
SURFHHGHGGR\RXUHFROOHFWWKDWDIHZGD\VEHIRUHWKH
ODQGLQJRIKLVPDMHVW\WKHHPSHURU,FDPHWRLQWHUFHGHIRU
D\RXQJPDQWKHPDWHRIP\VKLSZKRZDVDFFXVHGRIEHLQJ
FRQFHUQHGLQFRUUHVSRQGHQFHZLWKWKH,VODQGRI(OED":KDW
ZDVWKHRWKHUGD\DFULPHLVWRGD\DWLWOHWRIDYRU<RX
WKHQVHUYHG/RXLV;9,,,DQG\RXGLGQRWVKRZDQ\IDYRU
LWZDV\RXUGXW\WRGD\\RXVHUYH1DSROHRQDQG\RXRXJKW
WRSURWHFWKLPLWLVHTXDOO\\RXUGXW\,FRPH
WKHUHIRUHWRDVNZKDWKDVEHFRPHRIKLP"
9LOOHIRUWE\DVWURQJHIIRUWVRXJKWWRFRQWUROKLPVHOI
:KDWLVKLVQDPH"VDLGKH7HOOPHKLVQDPH
(GPRQG'DQWHV
9LOOHIRUWZRXOGSUREDEO\KDYHUDWKHUVWRRGRSSRVLWHWKH
PX]]OHRIDSLVWRODWILYHDQGWZHQW\SDFHVWKDQKDYHKHDUG
WKLVQDPHVSRNHQEXWKHGLGQRWEODQFK
'DQWHVUHSHDWHGKH(GPRQG'DQWHV
<HVPRQVLHXU9LOOHIRUWRSHQHGDODUJHUHJLVWHUWKHQ
ZHQWWRDWDEOHIURPWKHWDEOHWXUQHGWRKLVUHJLVWHUVDQG
WKHQWXUQLQJWR0RUUHO

128

$UH\RXTXLWHVXUH\RXDUHQRWPLVWDNHQPRQVLHXU"VDLG
KHLQWKHPRVWQDWXUDOWRQHLQWKHZRUOG
+DG0RUUHOEHHQDPRUHTXLFNVLJKWHGPDQRUEHWWHUYHUVHG
LQWKHVHPDWWHUVKHZRXOGKDYHEHHQVXUSULVHGDWWKHNLQJ
V
SURFXUHXUDQVZHULQJKLPRQVXFKDVXEMHFWLQVWHDGRI
UHIHUULQJKLPWRWKHJRYHUQRUVRIWKHSULVRQRUWKHSUHIHFW
RIWKHGHSDUWPHQW%XW0RUUHOGLVDSSRLQWHGLQKLV
H[SHFWDWLRQVRIH[FLWLQJIHDUZDVFRQVFLRXVRQO\RIWKH
RWKHU
VFRQGHVFHQVLRQ9LOOHIRUWKDGFDOFXODWHGULJKWO\
1RVDLG0RUUHO,DPQRWPLVWDNHQ,KDYHNQRZQKLPIRU
WHQ\HDUVWKHODVWIRXURIZKLFKKHZDVLQP\VHUYLFH'R
QRW\RXUHFROOHFW,FDPHDERXWVL[ZHHNVDJRWRSOHDGIRU
FOHPHQF\DV,FRPHWRGD\WRSOHDGIRUMXVWLFH<RX
UHFHLYHGPHYHU\FROGO\2KWKHUR\DOLVWVZHUHYHU\VHYHUH
ZLWKWKH%RQDSDUWLVWVLQWKRVHGD\V
0RQVLHXUUHWXUQHG9LOOHIRUW,ZDVWKHQDUR\DOLVW
EHFDXVH,EHOLHYHGWKH%RXUERQVQRWRQO\WKHKHLUVWRWKH
WKURQHEXWWKHFKRVHQRIWKHQDWLRQ7KHPLUDFXORXVUHWXUQ
RI1DSROHRQKDVFRQTXHUHGPHWKHOHJLWLPDWHPRQDUFKLVKH
ZKRLVORYHGE\KLVSHRSOH
7KDW
VULJKWFULHG0RUUHO,OLNHWRKHDU\RXVSHDN
WKXVDQG,DXJXUZHOOIRU(GPRQGIURPLW
:DLWDPRPHQWVDLG9LOOHIRUWWXUQLQJRYHUWKHOHDYHVRI
DUHJLVWHU,KDYHLWDVDLORUZKRZDVDERXWWRPDUU\D
\RXQJ&DWDODQJLUO,UHFROOHFWQRZLWZDVDYHU\VHULRXV
FKDUJH
+RZVR"
<RXNQRZWKDWZKHQKHOHIWKHUHKHZDVWDNHQWRWKH3DODLV
GH-XVWLFH
:HOO"
,PDGHP\UHSRUWWRWKHDXWKRULWLHVDW3DULVDQGDZHHN
DIWHUKHZDVFDUULHGRII
&DUULHGRIIVDLG0RUUHO:KDWFDQWKH\KDYHGRQHZLWK

129

KLP"
2KKHKDVEHHQWDNHQWR)HQHVWUHOOHVWR3LJQHURORUWR
WKH6DLQWH0DUJXHULWHLVODQGV6RPHILQHPRUQLQJKHZLOO
UHWXUQWRWDNHFRPPDQGRI\RXUYHVVHO
&RPHZKHQKHZLOOLWVKDOOEHNHSWIRUKLP%XWKRZLVLW
KHLVQRWDOUHDG\UHWXUQHG",WVHHPVWRPHWKHILUVWFDUHRI
JRYHUQPHQWVKRXOGEHWRVHWDWOLEHUW\WKRVHZKRKDYH
VXIIHUHGIRUWKHLUDGKHUHQFHWRLW
'RQRWEHWRRKDVW\00RUUHOUHSOLHG9LOOHIRUW7KH
RUGHURILPSULVRQPHQWFDPHIURPKLJKDXWKRULW\DQGWKH
RUGHUIRUKLVOLEHUDWLRQPXVWSURFHHGIURPWKHVDPHVRXUFH
DQGDV1DSROHRQKDVVFDUFHO\EHHQUHLQVWDWHGDIRUWQLJKW
WKHOHWWHUVKDYHQRW\HWEHHQIRUZDUGHG
%XWVDLG0RUUHOLVWKHUHQRZD\RIH[SHGLWLQJDOOWKHVH
IRUPDOLWLHVRIUHOHDVLQJKLPIURPDUUHVW"
7KHUHKDVEHHQQRDUUHVW
+RZ"
,WLVVRPHWLPHVHVVHQWLDOWRJRYHUQPHQWWRFDXVHDPDQ
V
GLVDSSHDUDQFHZLWKRXWOHDYLQJDQ\WUDFHVVRWKDWQRZULWWHQ
IRUPVRUGRFXPHQWVPD\GHIHDWWKHLUZLVKHV
,WPLJKWEHVRXQGHUWKH%RXUERQVEXWDWSUHVHQW
,WKDVDOZD\VEHHQVRP\GHDU0RUUHOVLQFHWKHUHLJQRI
/RXLV;,97KHHPSHURULVPRUHVWULFWLQSULVRQGLVFLSOLQH
WKDQHYHQ/RXLVKLPVHOIDQGWKHQXPEHURISULVRQHUVZKRVH
QDPHVDUHQRWRQWKHUHJLVWHULVLQFDOFXODEOH+DG0RUUHO
HYHQDQ\VXVSLFLRQVVRPXFKNLQGQHVVZRXOGKDYHGLVSHOOHG
WKHP
:HOO0GH9LOOHIRUWKRZZRXOG\RXDGYLVHPHWRDFW"
DVNHGKH
3HWLWLRQWKHPLQLVWHU
2K,NQRZZKDWWKDWLVWKHPLQLVWHUUHFHLYHVWZRKXQGUHG
SHWLWLRQVHYHU\GD\DQGGRHVQRWUHDGWKUHH

130

7KDWLVWUXHEXWKHZLOOUHDGDSHWLWLRQFRXQWHUVLJQHGDQG
SUHVHQWHGE\PH
$QGZLOO\RXXQGHUWDNHWRGHOLYHULW"
:LWKWKHJUHDWHVWSOHDVXUH'DQWHVZDVWKHQJXLOW\DQGQRZ
KHLVLQQRFHQWDQGLWLVDVPXFKP\GXW\WRIUHHKLPDVLW
ZDVWRFRQGHPQKLP9LOOHIRUWWKXVIRUHVWDOOHGDQ\GDQJHU
RIDQLQTXLU\ZKLFKKRZHYHULPSUREDEOHLWPLJKWEHLILW
GLGWDNHSODFHZRXOGOHDYHKLPGHIHQFHOHVV
%XWKRZVKDOO,DGGUHVVWKHPLQLVWHU"
6LWGRZQWKHUHVDLG9LOOHIRUWJLYLQJXSKLVSODFHWR
0RUUHODQGZULWHZKDW,GLFWDWH
:LOO\RXEHVRJRRG"
&HUWDLQO\%XWORVHQRWLPHZHKDYHORVWWRRPXFK
DOUHDG\
7KDWLVWUXH2QO\WKLQNZKDWWKHSRRUIHOORZPD\HYHQQRZ
EHVXIIHULQJ9LOOHIRUWVKXGGHUHGDWWKHVXJJHVWLRQEXWKH
KDGJRQHWRRIDUWRGUDZEDFN'DQWHVPXVWEHFUXVKHGWR
JUDWLI\9LOOHIRUW
VDPELWLRQ
9LOOHIRUWGLFWDWHGDSHWLWLRQLQZKLFKIURPDQH[FHOOHQW
LQWHQWLRQQRGRXEW'DQWHV
SDWULRWLFVHUYLFHVZHUH
H[DJJHUDWHGDQGKHZDVPDGHRXWRQHRIWKHPRVWDFWLYH
DJHQWVRI1DSROHRQ
VUHWXUQ,WZDVHYLGHQWWKDWDWWKH
VLJKWRIWKLVGRFXPHQWWKHPLQLVWHUZRXOGLQVWDQWO\UHOHDVH
KLP7KHSHWLWLRQILQLVKHG9LOOHIRUWUHDGLWDORXG
7KDWZLOOGRVDLGKHOHDYHWKHUHVWWRPH
:LOOWKHSHWLWLRQJRVRRQ"
7RGD\
&RXQWHUVLJQHGE\\RX"
7KHEHVWWKLQJ,FDQGRZLOOEHWRFHUWLI\WKHWUXWKRIWKH
FRQWHQWVRI\RXUSHWLWLRQ$QGVLWWLQJGRZQ9LOOHIRUW

131

ZURWHWKHFHUWLILFDWHDWWKHERWWRP
:KDWPRUHLVWREHGRQH"
,ZLOOGRZKDWHYHULVQHFHVVDU\7KLVDVVXUDQFHGHOLJKWHG
0RUUHOZKRWRRNOHDYHRI9LOOHIRUWDQGKDVWHQHGWR
DQQRXQFHWRROG'DQWHVWKDWKHZRXOGVRRQVHHKLVVRQ
$VIRU9LOOHIRUWLQVWHDGRIVHQGLQJWR3DULVKHFDUHIXOO\
SUHVHUYHGWKHSHWLWLRQWKDWVRIHDUIXOO\FRPSURPLVHG'DQWHV
LQWKHKRSHVRIDQHYHQWWKDWVHHPHGQRWXQOLNHO\WKDW
LVDVHFRQGUHVWRUDWLRQ'DQWHVUHPDLQHGDSULVRQHUDQG
KHDUGQRWWKHQRLVHRIWKHIDOORI/RXLV;9,,,
VWKURQHRU
WKHVWLOOPRUHWUDJLFGHVWUXFWLRQRIWKHHPSLUH
7ZLFHGXULQJWKH+XQGUHG'D\VKDG0RUUHOUHQHZHGKLVGHPDQG
DQGWZLFHKDG9LOOHIRUWVRRWKHGKLPZLWKSURPLVHV$WODVW
WKHUHZDV:DWHUORRDQG0RUUHOFDPHQRPRUHKHKDGGRQHDOO
WKDWZDVLQKLVSRZHUDQGDQ\IUHVKDWWHPSWZRXOGRQO\
FRPSURPLVHKLPVHOIXVHOHVVO\
/RXLV;9,,,UHPRXQWHGWKHWKURQH9LOOHIRUWWRZKRP
0DUVHLOOHVKDGEHFRPHILOOHGZLWKUHPRUVHIXOPHPRULHV
VRXJKWDQGREWDLQHGWKHVLWXDWLRQRINLQJ
VSURFXUHXUDW
7RXORXVHDQGDIRUWQLJKWDIWHUZDUGVKHPDUULHG0DGHPRLVHOOH
GH6DLQW0HUDQZKRVHIDWKHUQRZVWRRGKLJKHUDWFRXUWWKDQ
HYHU
$QGVR'DQWHVDIWHUWKH+XQGUHG'D\VDQGDIWHU:DWHUORR
UHPDLQHGLQKLVGXQJHRQIRUJRWWHQRIHDUWKDQGKHDYHQ
'DQJODUVFRPSUHKHQGHGWKHIXOOH[WHQWRIWKHZUHWFKHGIDWH
WKDWRYHUZKHOPHG'DQWHVDQGZKHQ1DSROHRQUHWXUQHGWR
)UDQFHKHDIWHUWKHPDQQHURIPHGLRFUHPLQGVWHUPHGWKH
FRLQFLGHQFHDGHFUHHRI3URYLGHQFH%XWZKHQ1DSROHRQ
UHWXUQHGWR3DULV'DQJODUV
KHDUWIDLOHGKLPDQGKHOLYHG
LQFRQVWDQWIHDURI'DQWHV
UHWXUQRQDPLVVLRQRI
YHQJHDQFH+HWKHUHIRUHLQIRUPHG00RUUHORIKLVZLVKWR
TXLWWKHVHDDQGREWDLQHGDUHFRPPHQGDWLRQIURPKLPWRD
6SDQLVKPHUFKDQWLQWRZKRVHVHUYLFHKHHQWHUHGDWWKHHQG
RI0DUFKWKDWLVWHQRUWZHOYHGD\VDIWHU1DSROHRQ
V
UHWXUQ+HWKHQOHIWIRU0DGULGDQGZDVQRPRUHKHDUGRI
)HUQDQGXQGHUVWRRGQRWKLQJH[FHSWWKDW'DQWHVZDVDEVHQW
:KDWKDGEHFRPHRIKLPKHFDUHGQRWWRLQTXLUH2QO\GXULQJ

132

WKHUHVSLWHWKHDEVHQFHRIKLVULYDODIIRUGHGKLPKH
UHIOHFWHGSDUWO\RQWKHPHDQVRIGHFHLYLQJ0HUFHGHVDVWR
WKHFDXVHRIKLVDEVHQFHSDUWO\RQSODQVRIHPLJUDWLRQDQG
DEGXFWLRQDVIURPWLPHWRWLPHKHVDWVDGDQGPRWLRQOHVVRQ
WKHVXPPLWRI&DSH3KDURDWWKHVSRWIURPZKHQFH0DUVHLOOHV
DQGWKH&DWDODQVDUHYLVLEOHZDWFKLQJIRUWKHDSSDULWLRQRI
D\RXQJDQGKDQGVRPHPDQZKRZDVIRUKLPDOVRWKHPHVVHQJHU
RIYHQJHDQFH)HUQDQG
VPLQGZDVPDGHXSKHZRXOGVKRRW
'DQWHVDQGWKHQNLOOKLPVHOI%XW)HUQDQGZDVPLVWDNHQD
PDQRIKLVGLVSRVLWLRQQHYHUNLOOVKLPVHOIIRUKH
FRQVWDQWO\KRSHV
'XULQJWKLVWLPHWKHHPSLUHPDGHLWVODVWFRQVFULSWLRQDQG
HYHU\PDQLQ)UDQFHFDSDEOHRIEHDULQJDUPVUXVKHGWRREH\
WKHVXPPRQVRIWKHHPSHURU)HUQDQGGHSDUWHGZLWKWKHUHVW
EHDULQJZLWKKLPWKHWHUULEOHWKRXJKWWKDWZKLOHKHZDV
DZD\KLVULYDOZRXOGSHUKDSVUHWXUQDQGPDUU\0HUFHGHV+DG
)HUQDQGUHDOO\PHDQWWRNLOOKLPVHOIKHZRXOGKDYHGRQHVR
ZKHQKHSDUWHGIURP0HUFHGHV+LVGHYRWLRQDQGWKH
FRPSDVVLRQKHVKRZHGIRUKHUPLVIRUWXQHVSURGXFHGWKH
HIIHFWWKH\DOZD\VSURGXFHRQQREOHPLQGV0HUFHGHVKDG
DOZD\VKDGDVLQFHUHUHJDUGIRU)HUQDQGDQGWKLVZDVQRZ
VWUHQJWKHQHGE\JUDWLWXGH
0\EURWKHUVDLGVKHDVVKHSODFHGKLVNQDSVDFNRQKLV
VKRXOGHUVEHFDUHIXORI\RXUVHOIIRULI\RXDUHNLOOHG,
VKDOOEHDORQHLQWKHZRUOG7KHVHZRUGVFDUULHGDUD\RI
KRSHLQWR)HUQDQG
VKHDUW6KRXOG'DQWHVQRWUHWXUQ
0HUFHGHVPLJKWRQHGD\EHKLV
0HUFHGHVZDVOHIWDORQHIDFHWRIDFHZLWKWKHYDVWSODLQ
WKDWKDGQHYHUVHHPHGVREDUUHQDQGWKHVHDWKDWKDGQHYHU
VHHPHGVRYDVW%DWKHGLQWHDUVVKHZDQGHUHGDERXWWKH
&DWDODQYLOODJH6RPHWLPHVVKHVWRRGPXWHDQGPRWLRQOHVVDV
DVWDWXHORRNLQJWRZDUGV0DUVHLOOHVDWRWKHUWLPHVJD]LQJ
RQWKHVHDDQGGHEDWLQJDVWRZKHWKHULWZHUHQRWEHWWHUWR
FDVWKHUVHOILQWRWKHDE\VVRIWKHRFHDQDQGWKXVHQGKHU
ZRHV,WZDVQRWZDQWRIFRXUDJHWKDWSUHYHQWHGKHUSXWWLQJ
WKLVUHVROXWLRQLQWRH[HFXWLRQEXWKHUUHOLJLRXVIHHOLQJV
FDPHWRKHUDLGDQGVDYHGKHU&DGHURXVVHZDVOLNH)HUQDQG
HQUROOHGLQWKHDUP\EXWEHLQJPDUULHGDQGHLJKW\HDUV
ROGHUKHZDVPHUHO\VHQWWRWKHIURQWLHU2OG'DQWHVZKR
ZDVRQO\VXVWDLQHGE\KRSHORVWDOOKRSHDW1DSROHRQ
V
GRZQIDOO)LYHPRQWKVDIWHUKHKDGEHHQVHSDUDWHGIURPKLV

133

VRQDQGDOPRVWDWWKHKRXURIKLVDUUHVWKHEUHDWKHGKLV
ODVWLQ0HUFHGHV
DUPV00RUUHOSDLGWKHH[SHQVHVRIKLV
IXQHUDODQGDIHZVPDOOGHEWVWKHSRRUROGPDQKDG
FRQWUDFWHG
7KHUHZDVPRUHWKDQEHQHYROHQFHLQWKLVDFWLRQWKHUHZDV
FRXUDJHWKHVRXWKZDVDIODPHDQGWRDVVLVWHYHQRQKLV
GHDWKEHGWKHIDWKHURIVRGDQJHURXVD%RQDSDUWLVWDV
'DQWHVZDVVWLJPDWL]HGDVDFULPH

&KDSWHU
7KH7ZR3ULVRQHUV
$\HDUDIWHU/RXLV;9,,,
VUHVWRUDWLRQDYLVLWZDVPDGHE\
WKHLQVSHFWRUJHQHUDORISULVRQV'DQWHVLQKLVFHOOKHDUG
WKHQRLVHRISUHSDUDWLRQVRXQGVWKDWDWWKHGHSWKZKHUH
KHOD\ZRXOGKDYHEHHQLQDXGLEOHWRDQ\EXWWKHHDURID
SULVRQHUZKRFRXOGKHDUWKHSODVKRIWKHGURSRIZDWHUWKDW
HYHU\KRXUIHOOIURPWKHURRIRIKLVGXQJHRQ+HJXHVVHG
VRPHWKLQJXQFRPPRQZDVSDVVLQJDPRQJWKHOLYLQJEXWKHKDG
VRORQJFHDVHGWRKDYHDQ\LQWHUFRXUVHZLWKWKHZRUOGWKDW
KHORRNHGXSRQKLPVHOIDVGHDG
7KHLQVSHFWRUYLVLWHGRQHDIWHUDQRWKHUWKHFHOOVDQG
GXQJHRQVRIVHYHUDORIWKHSULVRQHUVZKRVHJRRGEHKDYLRURU
VWXSLGLW\UHFRPPHQGHGWKHPWRWKHFOHPHQF\RIWKH
JRYHUQPHQW+HLQTXLUHGKRZWKH\ZHUHIHGDQGLIWKH\KDG
DQ\UHTXHVWWRPDNH7KHXQLYHUVDOUHVSRQVHZDVWKDWWKH
IDUHZDVGHWHVWDEOHDQGWKDWWKH\ZDQWHGWREHVHWIUHH
7KHLQVSHFWRUDVNHGLIWKH\KDGDQ\WKLQJHOVHWRDVNIRU
7KH\VKRRNWKHLUKHDGV:KDWFRXOGWKH\GHVLUHEH\RQGWKHLU
OLEHUW\"7KHLQVSHFWRUWXUQHGVPLOLQJO\WRWKHJRYHUQRU
,GRQRWNQRZZKDWUHDVRQJRYHUQPHQWFDQDVVLJQIRUWKHVH
XVHOHVVYLVLWVZKHQ\RXVHHRQHSULVRQHU\RXVHHDOO
DOZD\VWKHVDPHWKLQJLOOIHGDQGLQQRFHQW$UHWKHUH
DQ\RWKHUV"
<HVWKHGDQJHURXVDQGPDGSULVRQHUVDUHLQWKHGXQJHRQV
/HWXVYLVLWWKHPVDLGWKHLQVSHFWRUZLWKDQDLURI

134

IDWLJXH:HPXVWSOD\WKHIDUFHWRWKHHQG/HWXVVHHWKH
GXQJHRQV
/HWXVILUVWVHQGIRUWZRVROGLHUVVDLGWKHJRYHUQRU
7KHSULVRQHUVVRPHWLPHVWKURXJKPHUHXQHDVLQHVVRIOLIH
DQGLQRUGHUWREHVHQWHQFHGWRGHDWKFRPPLWDFWVRI
XVHOHVVYLROHQFHDQG\RXPLJKWIDOODYLFWLP
7DNHDOOQHHGIXOSUHFDXWLRQVUHSOLHGWKHLQVSHFWRU
7ZRVROGLHUVZHUHDFFRUGLQJO\VHQWIRUDQGWKHLQVSHFWRU
GHVFHQGHGDVWDLUZD\VRIRXOVRKXPLGVRGDUNDVWREH
ORDWKVRPHWRVLJKWVPHOODQGUHVSLUDWLRQ
2KFULHGWKHLQVSHFWRUZKRFDQOLYHKHUH"
$PRVWGDQJHURXVFRQVSLUDWRUDPDQZHDUHRUGHUHGWRNHHS
WKHPRVWVWULFWZDWFKRYHUDVKHLVGDULQJDQGUHVROXWH
+HLVDORQH"
&HUWDLQO\
+RZORQJKLVKHEHHQWKHUH"
1HDUO\D\HDU
:DVKHSODFHGKHUHZKHQKHILUVWDUULYHG"
1RQRWXQWLOKHDWWHPSWHGWRNLOOWKHWXUQNH\ZKRWRRN
KLVIRRGWRKLP
7RNLOOWKHWXUQNH\"
<HVWKHYHU\RQHZKRLVOLJKWLQJXV,VLWQRWWUXH
$QWRLQH"DVNHGWKHJRYHUQRU
7UXHHQRXJKKHZDQWHGWRNLOOPHUHWXUQHGWKHWXUQNH\
+HPXVWEHPDGVDLGWKHLQVSHFWRU
+HLVZRUVHWKDQWKDWKHLVDGHYLOUHWXUQHGWKH
WXUQNH\

135

6KDOO,FRPSODLQRIKLP"GHPDQGHGWKHLQVSHFWRU
2KQRLWLVXVHOHVV%HVLGHVKHLVDOPRVWPDGQRZDQG
LQDQRWKHU\HDUKHZLOOEHTXLWHVR
6RPXFKWKHEHWWHUIRUKLPKHZLOOVXIIHUOHVVVDLG
WKHLQVSHFWRU+HZDVDVWKLVUHPDUNVKRZVDPDQIXOORI
SKLODQWKURS\DQGLQHYHU\ZD\ILWIRUKLVRIILFH
<RXDUHULJKWVLUUHSOLHGWKHJRYHUQRUDQGWKLVUHPDUN
SURYHVWKDW\RXKDYHGHHSO\FRQVLGHUHGWKHVXEMHFW1RZZH
KDYHLQDGXQJHRQDERXWWZHQW\IHHWGLVWDQWDQGWRZKLFK
\RXGHVFHQGE\DQRWKHUVWDLUDQDEEHIRUPHUO\OHDGHURID
SDUW\LQ,WDO\ZKRKDVEHHQKHUHVLQFHDQGLQKH
ZHQWPDGDQGWKHFKDQJHLVDVWRQLVKLQJ+HXVHGWRZHHSKH
QRZODXJKVKHJUHZWKLQKHQRZJURZVIDW<RXKDGEHWWHU
VHHKLPIRUKLVPDGQHVVLVDPXVLQJ
,ZLOOVHHWKHPERWKUHWXUQHGWKHLQVSHFWRU,PXVW
FRQVFLHQWLRXVO\SHUIRUPP\GXW\7KLVZDVWKHLQVSHFWRU
V
ILUVWYLVLWKHZLVKHGWRGLVSOD\KLVDXWKRULW\
/HWXVYLVLWWKLVRQHILUVWDGGHGKH
%\DOOPHDQVUHSOLHGWKHJRYHUQRUDQGKHVLJQHGWRWKH
WXUQNH\WRRSHQWKHGRRU$WWKHVRXQGRIWKHNH\WXUQLQJLQ
WKHORFNDQGWKHFUHDNLQJRIWKHKLQJHV'DQWHVZKRZDV
FURXFKHGLQDFRUQHURIWKHGXQJHRQZKHQFHKHFRXOGVHHWKH
UD\RIOLJKWWKDWFDPHWKURXJKDQDUURZLURQJUDWLQJDERYH
UDLVHGKLVKHDG6HHLQJDVWUDQJHUHVFRUWHGE\WZRWXUQNH\V
KROGLQJWRUFKHVDQGDFFRPSDQLHGE\WZRVROGLHUVDQGWRZKRP
WKHJRYHUQRUVSRNHEDUHKHDGHG'DQWHVZKRJXHVVHGWKH
WUXWKDQGWKDWWKHPRPHQWWRDGGUHVVKLPVHOIWRWKH
VXSHULRUDXWKRULWLHVZDVFRPHVSUDQJIRUZDUGZLWKFODVSHG
KDQGV
7KHVROGLHUVLQWHUSRVHGWKHLUED\RQHWVIRUWKH\WKRXJKW
WKDWKHZDVDERXWWRDWWDFNWKHLQVSHFWRUDQGWKHODWWHU
UHFRLOHGWZRRUWKUHHVWHSV'DQWHVVDZWKDWKHZDVORRNHG
XSRQDVGDQJHURXV7KHQLQIXVLQJDOOWKHKXPLOLW\KH
SRVVHVVHGLQWRKLVH\HVDQGYRLFHKHDGGUHVVHGWKH
LQVSHFWRUDQGVRXJKWWRLQVSLUHKLPZLWKSLW\
7KHLQVSHFWRUOLVWHQHGDWWHQWLYHO\WKHQWXUQLQJWRWKH

136

JRYHUQRUREVHUYHG+HZLOOEHFRPHUHOLJLRXVKHLV
DOUHDG\PRUHJHQWOHKHLVDIUDLGDQGUHWUHDWHGEHIRUHWKH
ED\RQHWVPDGPHQDUHQRWDIUDLGRIDQ\WKLQJ,PDGHVRPH
FXULRXVREVHUYDWLRQVRQWKLVDW&KDUHQWRQ7KHQWXUQLQJWR
WKHSULVRQHU:KDWLVLW\RXZDQW"VDLGKH
,ZDQWWRNQRZZKDWFULPH,KDYHFRPPLWWHGWREHWULHG
DQGLI,DPJXLOW\WREHVKRWLILQQRFHQWWREHVHWDW
OLEHUW\
$UH\RXZHOOIHG"VDLGWKHLQVSHFWRU
,EHOLHYHVR,GRQ
WNQRZLW
VRIQRFRQVHTXHQFH:KDW
PDWWHUVUHDOO\QRWRQO\WRPHEXWWRRIILFHUVRIMXVWLFH
DQGWKHNLQJLVWKDWDQLQQRFHQWPDQVKRXOGODQJXLVKLQ
SULVRQWKHYLFWLPRIDQLQIDPRXVGHQXQFLDWLRQWRGLHKHUH
FXUVLQJKLVH[HFXWLRQHUV
<RXDUHYHU\KXPEOHWRGD\UHPDUNHGWKHJRYHUQRU\RX
DUHQRWVRDOZD\VWKHRWKHUGD\IRULQVWDQFHZKHQ\RX
WULHGWRNLOOWKHWXUQNH\
,WLVWUXHVLUDQG,EHJKLVSDUGRQIRUKHKLVDOZD\V
EHHQYHU\JRRGWRPHEXW,ZDVPDG
$QG\RXDUHQRWVRDQ\ORQJHU"
1RFDSWLYLW\KLVVXEGXHGPH,KDYHEHHQKHUHVRORQJ
6RORQJ"ZKHQZHUH\RXDUUHVWHGWKHQ"DVNHGWKH
LQVSHFWRU
7KHWKRI)HEUXDU\DWKDOISDVWWZRLQWKH
DIWHUQRRQ
7RGD\LVWKHWKRI-XO\ZK\LWLVEXW
VHYHQWHHQPRQWKV
2QO\VHYHQWHHQPRQWKVUHSOLHG'DQWHV2K\RXGRQRW
NQRZZKDWLVVHYHQWHHQPRQWKVLQSULVRQVHYHQWHHQDJHV
UDWKHUHVSHFLDOO\WRDPDQZKROLNHPHKDGDUULYHGDWWKH
VXPPLWRIKLVDPELWLRQWRDPDQZKROLNHPHZDVRQWKH
SRLQWRIPDUU\LQJDZRPDQKHDGRUHGZKRVDZDQKRQRUDEOH
FDUHHURSHQHGEHIRUHKLPDQGZKRORVHVDOOLQDQLQVWDQW

137

ZKRVHHVKLVSURVSHFWVGHVWUR\HGDQGLVLJQRUDQWRIWKH
IDWHRIKLVDIILDQFHGZLIHDQGZKHWKHUKLVDJHGIDWKHUEH
VWLOOOLYLQJ6HYHQWHHQPRQWKVFDSWLYLW\WRDVDLORU
DFFXVWRPHGWRWKHERXQGOHVVRFHDQLVDZRUVHSXQLVKPHQW
WKDQKXPDQFULPHHYHUPHULWHG+DYHSLW\RQPHWKHQDQG
DVNIRUPHQRWLQWHOOLJHQFHEXWDWULDOQRWSDUGRQEXWD
YHUGLFWDWULDOVLU,DVNRQO\IRUDWULDOWKDW
VXUHO\FDQQRWEHGHQLHGWRRQHZKRLVDFFXVHG
:HVKDOOVHHVDLGWKHLQVSHFWRUWKHQWXUQLQJWRWKH
JRYHUQRU2QP\ZRUGWKHSRRUGHYLOWRXFKHVPH<RXPXVW
VKRZPHWKHSURRIVDJDLQVWKLP
&HUWDLQO\EXW\RXZLOOILQGWHUULEOHFKDUJHV
0RQVLHXUFRQWLQXHG'DQWHV,NQRZLWLVQRWLQ\RXU
SRZHUWRUHOHDVHPHEXW\RXFDQSOHDGIRUPH\RXFDQ
KDYHPHWULHGDQGWKDWLVDOO,DVN/HWPHNQRZP\
FULPHDQGWKHUHDVRQZK\,ZDVFRQGHPQHG8QFHUWDLQW\LV
ZRUVHWKDQDOO
*RRQZLWKWKHOLJKWVVDLGWKHLQVSHFWRU
0RQVLHXUFULHG'DQWHV,FDQWHOOE\\RXUYRLFH\RXDUH
WRXFKHGZLWKSLW\WHOOPHDWOHDVWWRKRSH
,FDQQRWWHOO\RXWKDWUHSOLHGWKHLQVSHFWRU,FDQRQO\
SURPLVHWRH[DPLQHLQWR\RXUFDVH
2K,DPIUHHWKHQ,DPVDYHG
:KRDUUHVWHG\RX"
09LOOHIRUW6HHKLPDQGKHDUZKDWKHVD\V
09LOOHIRUWLVQRORQJHUDW0DUVHLOOHVKHLVQRZDW
7RXORXVH
,DPQRORQJHUVXUSULVHGDWP\GHWHQWLRQPXUPXUHG'DQWHV
VLQFHP\RQO\SURWHFWRULVUHPRYHG
+DG0GH9LOOHIRUWDQ\FDXVHRISHUVRQDOGLVOLNHWR\RX"
1RQHRQWKHFRQWUDU\KHZDVYHU\NLQGWRPH

138

,FDQWKHQUHO\RQWKHQRWHVKHKDVOHIWFRQFHUQLQJ\RX"
(QWLUHO\
7KDWLVZHOOZDLWSDWLHQWO\WKHQ'DQWHVIHOORQKLV
NQHHVDQGSUD\HGHDUQHVWO\7KHGRRUFORVHGEXWWKLVWLPH
DIUHVKLQPDWHZDVOHIWZLWK'DQWHVKRSH
:LOO\RXVHHWKHUHJLVWHUDWRQFHDVNHGWKHJRYHUQRURU
SURFHHGWRWKHRWKHUFHOO"
/HWXVYLVLWWKHPDOOVDLGWKHLQVSHFWRU,I,RQFHZHQW
XSWKRVHVWDLUV,VKRXOGQHYHUKDYHWKHFRXUDJHWRFRPH
GRZQDJDLQ
$KWKLVRQHLVQRWOLNHWKHRWKHUDQGKLVPDGQHVVLVOHVV
DIIHFWLQJWKDQWKLVRQH
VGLVSOD\RIUHDVRQ
:KDWLVKLVIROO\"
+HIDQFLHVKHSRVVHVVHVDQLPPHQVHWUHDVXUH7KHILUVW\HDU
KHRIIHUHGJRYHUQPHQWDPLOOLRQRIIUDQFVIRUKLVUHOHDVH
WKHVHFRQGWZRWKHWKLUGWKUHHDQGVRRQSURJUHVVLYHO\
+HLVQRZLQKLVILIWK\HDURIFDSWLYLW\KHZLOODVNWR
VSHDNWR\RXLQSULYDWHDQGRIIHU\RXILYHPLOOLRQV
+RZFXULRXVZKDWLVKLVQDPH"
7KH$EEH)DULD
1RVDLGWKHLQVSHFWRU
,WLVKHUHXQORFNWKHGRRU$QWRLQH7KHWXUQNH\REH\HG
DQGWKHLQVSHFWRUJD]HGFXULRXVO\LQWRWKHFKDPEHURIWKH
PDGDEEH
,QWKHFHQWUHRIWKHFHOOLQDFLUFOHWUDFHGZLWKD
IUDJPHQWRISODVWHUGHWDFKHGIURPWKHZDOOVDWDPDQZKRVH
WDWWHUHGJDUPHQWVVFDUFHO\FRYHUHGKLP+HZDVGUDZLQJLQ
WKLVFLUFOHJHRPHWULFDOOLQHVDQGVHHPHGDVPXFKDEVRUEHG
LQKLVSUREOHPDV$UFKLPHGHVZDVZKHQWKHVROGLHURI
0DUFHOOXVVOHZKLP

139

+HGLGQRWPRYHDWWKHVRXQGRIWKHGRRUDQGFRQWLQXHGKLV
FDOFXODWLRQVXQWLOWKHIODVKRIWKHWRUFKHVOLJKWHGXSZLWK
DQXQZRQWHGJODUHWKHVRPEUHZDOOVRIKLVFHOOWKHQ
UDLVLQJKLVKHDGKHSHUFHLYHGZLWKDVWRQLVKPHQWWKHQXPEHU
RISHUVRQVSUHVHQW+HKDVWLO\VHL]HGWKHFRYHUOHWRIKLV
EHGDQGZUDSSHGLWURXQGKLP
:KDWLVLW\RXZDQW"VDLGWKHLQVSHFWRU
,PRQVLHXUUHSOLHGWKHDEEHZLWKDQDLURIVXUSULVH
,ZDQWQRWKLQJ
<RXGRQRWXQGHUVWDQGFRQWLQXHGWKHLQVSHFWRU,DPVHQW
KHUHE\JRYHUQPHQWWRYLVLWWKHSULVRQDQGKHDUWKH
UHTXHVWVRIWKHSULVRQHUV
2KWKDWLVGLIIHUHQWFULHGWKHDEEHDQGZHVKDOO
XQGHUVWDQGHDFKRWKHU,KRSH
7KHUHQRZZKLVSHUHGWKHJRYHUQRULWLVMXVWDV,WROG
\RX
0RQVLHXUFRQWLQXHGWKHSULVRQHU,DPWKH$EEH)DULD
ERUQDW5RPH,ZDVIRUWZHQW\\HDUV&DUGLQDO6SDGD
V
VHFUHWDU\,ZDVDUUHVWHGZK\,NQRZQRWWRZDUGWKH
EHJLQQLQJRIWKH\HDUVLQFHWKHQ,KDYHGHPDQGHGP\
OLEHUW\IURPWKH,WDOLDQDQG)UHQFKJRYHUQPHQW
:K\IURPWKH)UHQFKJRYHUQPHQW"
%HFDXVH,ZDVDUUHVWHGDW3LRPELQRDQG,SUHVXPHWKDW
OLNH0LODQDQG)ORUHQFH3LRPELQRKDVEHFRPHWKHFDSLWDORI
VRPH)UHQFKGHSDUWPHQW
$KVDLGWKHLQVSHFWRU\RXKDYHQRWWKHODWHVWQHZVIURP
,WDO\"
0\LQIRUPDWLRQGDWHVIURPWKHGD\RQZKLFK,ZDVDUUHVWHG
UHWXUQHGWKH$EEH)DULDDQGDVWKHHPSHURUKDGFUHDWHGWKH
NLQJGRPRI5RPHIRUKLVLQIDQWVRQ,SUHVXPHWKDWKHKDV
UHDOL]HGWKHGUHDPRI0DFKLDYHOOLDQG&DHVDU%RUJLDZKLFK
ZDVWRPDNH,WDO\DXQLWHGNLQJGRP
0RQVLHXUUHWXUQHGWKHLQVSHFWRUSURYLGHQFHKDVFKDQJHG

140

WKLVJLJDQWLFSODQ\RXDGYRFDWHVRZDUPO\
,WLVWKHRQO\PHDQVRIUHQGHULQJ,WDO\VWURQJKDSS\DQG
LQGHSHQGHQW
9HU\SRVVLEO\RQO\,DPQRWFRPHWRGLVFXVVSROLWLFVEXW
WRLQTXLUHLI\RXKDYHDQ\WKLQJWRDVNRUWRFRPSODLQRI
7KHIRRGLVWKHVDPHDVLQRWKHUSULVRQVWKDWLVYHU\
EDGWKHORGJLQJLVYHU\XQKHDOWKIXOEXWRQWKHZKROH
SDVVDEOHIRUDGXQJHRQEXWLWLVQRWWKDWZKLFK,ZLVKWR
VSHDNRIEXWDVHFUHW,KDYHWRUHYHDORIWKHJUHDWHVW
LPSRUWDQFH
:HDUHFRPLQJWRWKHSRLQWZKLVSHUHGWKHJRYHUQRU
,WLVIRUWKDWUHDVRQ,DPGHOLJKWHGWRVHH\RXFRQWLQXHG
WKHDEEHDOWKRXJK\RXKDYHGLVWXUEHGPHLQDPRVW
LPSRUWDQWFDOFXODWLRQZKLFKLILWVXFFHHGHGZRXOG
SRVVLEO\FKDQJH1HZWRQ
VV\VWHP&RXOG\RXDOORZPHDIHZ
ZRUGVLQSULYDWH
:KDWGLG,WHOO\RX"VDLGWKHJRYHUQRU
<RXNQHZKLPUHWXUQHGWKHLQVSHFWRUZLWKDVPLOH
:KDW\RXDVNLVLPSRVVLEOHPRQVLHXUFRQWLQXHGKH
DGGUHVVLQJ)DULD
%XWVDLGWKHDEEH,ZRXOGVSHDNWR\RXRIDODUJHVXP
DPRXQWLQJWRILYHPLOOLRQV
7KHYHU\VXP\RXQDPHGZKLVSHUHGWKHLQVSHFWRULQKLV
WXUQ
+RZHYHUFRQWLQXHG)DULDVHHLQJWKDWWKHLQVSHFWRUZDV
DERXWWRGHSDUWLWLVQRWDEVROXWHO\QHFHVVDU\IRUXVWR
EHDORQHWKHJRYHUQRUFDQEHSUHVHQW
8QIRUWXQDWHO\VDLGWKHJRYHUQRU,NQRZEHIRUHKDQGZKDW
\RXDUHDERXWWRVD\LWFRQFHUQV\RXUWUHDVXUHVGRHVLW
QRW")DULDIL[HGKLVH\HVRQKLPZLWKDQH[SUHVVLRQWKDW
ZRXOGKDYHFRQYLQFHGDQ\RQHHOVHRIKLVVDQLW\

141

2IFRXUVHVDLGKHRIZKDWHOVHVKRXOG,VSHDN"
0U,QVSHFWRUFRQWLQXHGWKHJRYHUQRU,FDQWHOO\RXWKH
VWRU\DVZHOODVKHIRULWKDVEHHQGLQQHGLQP\HDUVIRU
WKHODVWIRXURUILYH\HDUV
7KDWSURYHVUHWXUQHGWKHDEEHWKDW\RXDUHOLNHWKRVH
RI+RO\:ULWZKRKDYLQJHDUVKHDUQRWDQGKDYLQJH\HVVHH
QRW
0\GHDUVLUWKHJRYHUQPHQWLVULFKDQGGRHVQRWZDQW\RXU
WUHDVXUHVUHSOLHGWKHLQVSHFWRUNHHSWKHPXQWLO\RXDUH
OLEHUDWHG7KHDEEH
VH\HVJOLVWHQHGKHVHL]HGWKH
LQVSHFWRU
VKDQG
%XWZKDWLI,DPQRWOLEHUDWHGFULHGKHDQGDPGHWDLQHG
KHUHXQWLOP\GHDWK"WKLVWUHDVXUHZLOOEHORVW+DGQRW
JRYHUQPHQWEHWWHUSURILWE\LW",ZLOORIIHUVL[PLOOLRQV
DQG,ZLOOFRQWHQWP\VHOIZLWKWKHUHVWLIWKH\ZLOORQO\
JLYHPHP\OLEHUW\
2QP\ZRUGVDLGWKHLQVSHFWRULQDORZWRQHKDG,QRW
EHHQWROGEHIRUHKDQGWKDWWKLVPDQZDVPDG,VKRXOGEHOLHYH
ZKDWKHVD\V
,DPQRWPDGUHSOLHG)DULDZLWKWKDWDFXWHQHVVRI
KHDULQJSHFXOLDUWRSULVRQHUV7KHWUHDVXUH,VSHDNRI
UHDOO\H[LVWVDQG,RIIHUWRVLJQDQDJUHHPHQWZLWK\RXLQ
ZKLFK,SURPLVHWROHDG\RXWRWKHVSRWZKHUH\RXVKDOOGLJ
DQGLI,GHFHLYH\RXEULQJPHKHUHDJDLQ,DVNQR
PRUH
7KHJRYHUQRUODXJKHG,VWKHVSRWIDUIURPKHUH"
$KXQGUHGOHDJXHV
,WLVQRWLOOSODQQHGVDLGWKHJRYHUQRU,IDOOWKH
SULVRQHUVWRRNLWLQWRWKHLUKHDGVWRWUDYHODKXQGUHG
OHDJXHVDQGWKHLUJXDUGLDQVFRQVHQWHGWRDFFRPSDQ\WKHP
WKH\ZRXOGKDYHDFDSLWDOFKDQFHRIHVFDSLQJ
7KHVFKHPHLVZHOONQRZQVDLGWKHLQVSHFWRUDQGWKH
DEEH
VSODQKDVQRWHYHQWKHPHULWRIRULJLQDOLW\

142

7KHQWXUQLQJWR)DULD,LQTXLUHGLI\RXDUHZHOOIHG"
VDLGKH
6ZHDUWRPHUHSOLHG)DULDWRIUHHPHLIZKDW,WHOO\RX
SURYHWUXHDQG,ZLOOVWD\KHUHZKLOH\RXJRWRWKHVSRW
$UH\RXZHOOIHG"UHSHDWHGWKHLQVSHFWRU
0RQVLHXU\RXUXQQRULVNIRUDV,WROG\RX,ZLOOVWD\
KHUHVRWKHUHLVQRFKDQFHRIP\HVFDSLQJ
<RXGRQRWUHSO\WRP\TXHVWLRQUHSOLHGWKHLQVSHFWRU
LPSDWLHQWO\
1RU\RXWRPLQHFULHGWKHDEEH<RXZLOOQRWDFFHSWP\
JROG,ZLOONHHSLWIRUP\VHOI<RXUHIXVHPHP\OLEHUW\
*RGZLOOJLYHLWPH$QGWKHDEEHFDVWLQJDZD\KLV
FRYHUOHWUHVXPHGKLVSODFHDQGFRQWLQXHGKLVFDOFXODWLRQV
:KDWLVKHGRLQJWKHUH"VDLGWKHLQVSHFWRU
&RXQWLQJKLVWUHDVXUHVUHSOLHGWKHJRYHUQRU
)DULDUHSOLHGWRWKLVVDUFDVPZLWKDJODQFHRISURIRXQG
FRQWHPSW7KH\ZHQWRXW7KHWXUQNH\FORVHGWKHGRRUEHKLQG
WKHP
+HZDVZHDOWK\RQFHSHUKDSV"VDLGWKHLQVSHFWRU
2UGUHDPHGKHZDVDQGDZRNHPDG
$IWHUDOOVDLGWKHLQVSHFWRULIKHKDGEHHQULFKKH
ZRXOGQRWKDYHEHHQKHUH6RWKHPDWWHUHQGHGIRUWKH$EEH
)DULD+HUHPDLQHGLQKLVFHOODQGWKLVYLVLWRQO\
LQFUHDVHGWKHEHOLHILQKLVLQVDQLW\
&DOLJXODRU1HURWKRVHWUHDVXUHVHHNHUVWKRVHGHVLUHUVRI
WKHLPSRVVLEOHZRXOGKDYHDFFRUGHGWRWKHSRRUZUHWFKLQ
H[FKDQJHIRUKLVZHDOWKWKHOLEHUW\KHVRHDUQHVWO\SUD\HG
IRU%XWWKHNLQJVRIPRGHUQWLPHVUHVWUDLQHGE\WKHOLPLWV
RIPHUHSUREDELOLW\KDYHQHLWKHUFRXUDJHQRUGHVLUH7KH\
IHDUWKHHDUWKDWKHDUVWKHLURUGHUVDQGWKHH\HWKDW
VFUXWLQL]HVWKHLUDFWLRQV)RUPHUO\WKH\EHOLHYHGWKHPVHOYHV
VSUXQJIURP-XSLWHUDQGVKLHOGHGE\WKHLUELUWKEXW

143

QRZDGD\VWKH\DUHQRWLQYLRODEOH
,WKDVDOZD\VEHHQDJDLQVWWKHSROLF\RIGHVSRWLF
JRYHUQPHQWVWRVXIIHUWKHYLFWLPVRIWKHLUSHUVHFXWLRQVWR
UHDSSHDU$VWKH,QTXLVLWLRQUDUHO\DOORZHGLWVYLFWLPVWR
EHVHHQZLWKWKHLUOLPEVGLVWRUWHGDQGWKHLUIOHVKODFHUDWHG
E\WRUWXUHVRPDGQHVVLVDOZD\VFRQFHDOHGLQLWVFHOOIURP
ZKHQFHVKRXOGLWGHSDUWLWLVFRQYH\HGWRVRPHJORRP\
KRVSLWDOZKHUHWKHGRFWRUKDVQRWKRXJKWIRUPDQRUPLQGLQ
WKHPXWLODWHGEHLQJWKHMDLOHUGHOLYHUVWRKLP7KHYHU\
PDGQHVVRIWKH$EEH)DULDJRQHPDGLQSULVRQFRQGHPQHGKLP
WRSHUSHWXDOFDSWLYLW\
7KHLQVSHFWRUNHSWKLVZRUGZLWK'DQWHVKHH[DPLQHGWKH
UHJLVWHUDQGIRXQGWKHIROORZLQJQRWHFRQFHUQLQJKLP
(GPRQG'DQWHV
9LROHQW%RQDSDUWLVWWRRNDQDFWLYHSDUWLQWKHUHWXUQIURP
(OED
7KHJUHDWHVWZDWFKIXOQHVVDQGFDUHWREHH[HUFLVHG
7KLVQRWHZDVLQDGLIIHUHQWKDQGIURPWKHUHVWZKLFK
VKRZHGWKDWLWKDGEHHQDGGHGVLQFHKLVFRQILQHPHQW7KH
LQVSHFWRUFRXOGQRWFRQWHQGDJDLQVWWKLVDFFXVDWLRQKH
VLPSO\ZURWH1RWKLQJWREHGRQH
7KLVYLVLWKDGLQIXVHGQHZYLJRULQWR'DQWHVKHKDGWLOO
WKHQIRUJRWWHQWKHGDWHEXWQRZZLWKDIUDJPHQWRI
SODVWHUKHZURWHWKHGDWHWK-XO\DQGPDGHDPDUN
HYHU\GD\LQRUGHUQRWWRORVHKLVUHFNRQLQJDJDLQ'D\V
DQGZHHNVSDVVHGDZD\WKHQPRQWKV'DQWHVVWLOOZDLWHG
KHDWILUVWH[SHFWHGWREHIUHHGLQDIRUWQLJKW7KLV
IRUWQLJKWH[SLUHGKHGHFLGHGWKDWWKHLQVSHFWRUZRXOGGR
QRWKLQJXQWLOKLVUHWXUQWR3DULVDQGWKDWKHZRXOGQRW
UHDFKWKHUHXQWLOKLVFLUFXLWZDVILQLVKHGKHWKHUHIRUH
IL[HGWKUHHPRQWKVWKUHHPRQWKVSDVVHGDZD\WKHQVL[PRUH
)LQDOO\WHQPRQWKVDQGDKDOIKDGJRQHE\DQGQRIDYRUDEOH
FKDQJHKDGWDNHQSODFHDQG'DQWHVEHJDQWRIDQF\WKH
LQVSHFWRU
VYLVLWEXWDGUHDPDQLOOXVLRQRIWKHEUDLQ
$WWKHH[SLUDWLRQRID\HDUWKHJRYHUQRUZDVWUDQVIHUUHGKH
KDGREWDLQHGFKDUJHRIWKHIRUWUHVVDW+DP+HWRRNZLWKKLP

144

VHYHUDORIKLVVXERUGLQDWHVDQGDPRQJVWWKHP'DQWHV

MDLOHU$QHZJRYHUQRUDUULYHGLWZRXOGKDYHEHHQWRR
WHGLRXVWRDFTXLUHWKHQDPHVRIWKHSULVRQHUVKHOHDUQHG
WKHLUQXPEHUVLQVWHDG7KLVKRUULEOHSODFHFRQWDLQHGILIW\
FHOOVWKHLULQKDELWDQWVZHUHGHVLJQDWHGE\WKHQXPEHUVRI
WKHLUFHOODQGWKHXQKDSS\\RXQJPDQZDVQRORQJHUFDOOHG
(GPRQG'DQWHVKHZDVQRZQXPEHU

&KDSWHU
1XPEHUDQG1XPEHU
'DQWHVSDVVHGWKURXJKDOOWKHVWDJHVRIWRUWXUHQDWXUDOWR
SULVRQHUVLQVXVSHQVH+HZDVVXVWDLQHGDWILUVWE\WKDW
SULGHRIFRQVFLRXVLQQRFHQFHZKLFKLVWKHVHTXHQFHWRKRSH
WKHQKHEHJDQWRGRXEWKLVRZQLQQRFHQFHZKLFKMXVWLILHGLQ
VRPHPHDVXUHWKHJRYHUQRU
VEHOLHILQKLVPHQWDODOLHQDWLRQ
DQGWKHQUHOD[LQJKLVVHQWLPHQWRISULGHKHDGGUHVVHGKLV
VXSSOLFDWLRQVQRWWR*RGEXWWRPDQ*RGLVDOZD\VWKH
ODVWUHVRXUFH8QIRUWXQDWHVZKRRXJKWWREHJLQZLWK*RGGR
QRWKDYHDQ\KRSHLQKLPWLOOWKH\KDYHH[KDXVWHGDOORWKHU
PHDQVRIGHOLYHUDQFH
'DQWHVDVNHGWREHUHPRYHGIURPKLVSUHVHQWGXQJHRQLQWR
DQRWKHUIRUDFKDQJHKRZHYHUGLVDGYDQWDJHRXVZDVVWLOOD
FKDQJHDQGZRXOGDIIRUGKLPVRPHDPXVHPHQW+HHQWUHDWHGWR
EHDOORZHGWRZDONDERXWWRKDYHIUHVKDLUERRNVDQG
ZULWLQJPDWHULDOV+LVUHTXHVWVZHUHQRWJUDQWHGEXWKH
ZHQWRQDVNLQJDOOWKHVDPH+HDFFXVWRPHGKLPVHOIWR
VSHDNLQJWRWKHQHZMDLOHUDOWKRXJKWKHODWWHUZDVLI
SRVVLEOHPRUHWDFLWXUQWKDQWKHROGRQHEXWVWLOOWR
VSHDNWRDPDQHYHQWKRXJKPXWHZDVVRPHWKLQJ'DQWHV
VSRNHIRUWKHVDNHRIKHDULQJKLVRZQYRLFHKHKDGWULHGWR
VSHDNZKHQDORQHEXWWKHVRXQGRIKLVYRLFHWHUULILHGKLP
2IWHQEHIRUHKLVFDSWLYLW\'DQWHVPLQGKDGUHYROWHGDW
WKHLGHDRIDVVHPEODJHVRISULVRQHUVPDGHXSRIWKLHYHV
YDJDERQGVDQGPXUGHUHUV+HQRZZLVKHGWREHDPRQJVWWKHP
LQRUGHUWRVHHVRPHRWKHUIDFHEHVLGHVWKDWRIKLVMDLOHU
KHVLJKHGIRUWKHJDOOH\VZLWKWKHLQIDPRXVFRVWXPHWKH
FKDLQDQGWKHEUDQGRQWKHVKRXOGHU7KHJDOOH\VODYHV
EUHDWKHGWKHIUHVKDLURIKHDYHQDQGVDZHDFKRWKHU7KH\
ZHUHYHU\KDSS\+HEHVRXJKWWKHMDLOHURQHGD\WROHWKLP
KDYHDFRPSDQLRQZHUHLWHYHQWKHPDGDEEH

145

7KHMDLOHUWKRXJKURXJKDQGKDUGHQHGE\WKHFRQVWDQWVLJKW
RIVRPXFKVXIIHULQJZDV\HWDPDQ$WWKHERWWRPRIKLV
KHDUWKHKDGRIWHQKDGDIHHOLQJRISLW\IRUWKLVXQKDSS\
\RXQJPDQZKRVXIIHUHGVRDQGKHODLGWKHUHTXHVWRIQXPEHU
EHIRUHWKHJRYHUQRUEXWWKHODWWHUVDSLHQWO\LPDJLQHG
WKDW'DQWHVZLVKHGWRFRQVSLUHRUDWWHPSWDQHVFDSHDQG
UHIXVHGKLVUHTXHVW'DQWHVKDGH[KDXVWHGDOOKXPDQ
UHVRXUFHVDQGKHWKHQWXUQHGWR*RG
$OOWKHSLRXVLGHDVWKDWKDGEHHQVRORQJIRUJRWWHQ
UHWXUQHGKHUHFROOHFWHGWKHSUD\HUVKLVPRWKHUKDGWDXJKW
KLPDQGGLVFRYHUHGDQHZPHDQLQJLQHYHU\ZRUGIRULQ
SURVSHULW\SUD\HUVVHHPEXWDPHUHPHGOH\RIZRUGVXQWLO
PLVIRUWXQHFRPHVDQGWKHXQKDSS\VXIIHUHUILUVWXQGHUVWDQGV
WKHPHDQLQJRIWKHVXEOLPHODQJXDJHLQZKLFKKHLQYRNHVWKH
SLW\RIKHDYHQ+HSUD\HGDQGSUD\HGDORXGQRORQJHU
WHUULILHGDWWKHVRXQGRIKLVRZQYRLFHIRUKHIHOOLQWRD
VRUWRIHFVWDV\+HODLGHYHU\DFWLRQRIKLVOLIHEHIRUHWKH
$OPLJKW\SURSRVHGWDVNVWRDFFRPSOLVKDQGDWWKHHQGRI
HYHU\SUD\HULQWURGXFHGWKHHQWUHDW\RIWHQHUDGGUHVVHGWR
PDQWKDQWR*RG)RUJLYHXVRXUWUHVSDVVHVDVZHIRUJLYH
WKHPWKDWWUHVSDVVDJDLQVWXV<HWLQVSLWHRIKLVHDUQHVW
SUD\HUV'DQWHVUHPDLQHGDSULVRQHU
7KHQJORRPVHWWOHGKHDYLO\XSRQKLP'DQWHVZDVDPDQRI
JUHDWVLPSOLFLW\RIWKRXJKWDQGZLWKRXWHGXFDWLRQKHFRXOG
QRWWKHUHIRUHLQWKHVROLWXGHRIKLVGXQJHRQWUDYHUVHLQ
PHQWDOYLVLRQWKHKLVWRU\RIWKHDJHVEULQJWROLIHWKH
QDWLRQVWKDWKDGSHULVKHGDQGUHEXLOGWKHDQFLHQWFLWLHVVR
YDVWDQGVWXSHQGRXVLQWKHOLJKWRIWKHLPDJLQDWLRQDQG
WKDWSDVVEHIRUHWKHH\HJORZLQJZLWKFHOHVWLDOFRORUVLQ
0DUWLQ
V%DE\ORQLDQSLFWXUHV+HFRXOGQRWGRWKLVKHZKRVH
SDVWOLIHZDVVRVKRUWZKRVHSUHVHQWVRPHODQFKRO\DQGKLV
IXWXUHVRGRXEWIXO1LQHWHHQ\HDUVRIOLJKWWRUHIOHFWXSRQ
LQHWHUQDOGDUNQHVV1RGLVWUDFWLRQFRXOGFRPHWRKLVDLG
KLVHQHUJHWLFVSLULWWKDWZRXOGKDYHH[DOWHGLQWKXV
UHYLVLWLQJWKHSDVWZDVLPSULVRQHGOLNHDQHDJOHLQDFDJH
+HFOXQJWRRQHLGHDWKDWRIKLVKDSSLQHVVGHVWUR\HG
ZLWKRXWDSSDUHQWFDXVHE\DQXQKHDUGRIIDWDOLW\KH
FRQVLGHUHGDQGUHFRQVLGHUHGWKLVLGHDGHYRXUHGLW VRWR
VSHDN DVWKHLPSODFDEOH8JROLQRGHYRXUVWKHVNXOORI
$UFKELVKRS5RJHULQWKH,QIHUQRRI'DQWH

146

5DJHVXSSODQWHGUHOLJLRXVIHUYRU'DQWHVXWWHUHGEODVSKHPLHV
WKDWPDGHKLVMDLOHUUHFRLOZLWKKRUURUGDVKHGKLPVHOI
IXULRXVO\DJDLQVWWKHZDOOVRIKLVSULVRQZUHDNHGKLVDQJHU
XSRQHYHU\WKLQJDQGFKLHIO\XSRQKLPVHOIVRWKDWWKHOHDVW
WKLQJDJUDLQRIVDQGDVWUDZRUDEUHDWKRIDLUWKDW
DQQR\HGKLPOHGWRSDUR[\VPVRIIXU\7KHQWKHOHWWHUWKDW
9LOOHIRUWKDGVKRZHGWRKLPUHFXUUHGWRKLVPLQGDQGHYHU\
OLQHJOHDPHGIRUWKLQILHU\OHWWHUVRQWKHZDOOOLNHWKH
PHQHWHNHOXSKDUVLQRI%HOVKD]]DU+HWROGKLPVHOIWKDWLW
ZDVWKHHQPLW\RIPDQDQGQRWWKHYHQJHDQFHRIKHDYHQWKDW
KDGWKXVSOXQJHGKLPLQWRWKHGHHSHVWPLVHU\+HFRQVLJQHG
KLVXQNQRZQSHUVHFXWRUVWRWKHPRVWKRUULEOHWRUWXUHVKH
FRXOGLPDJLQHDQGIRXQGWKHPDOOLQVXIILFLHQWEHFDXVH
DIWHUWRUWXUHFDPHGHDWKDQGDIWHUGHDWKLIQRWUHSRVHDW
OHDVWWKHERRQRIXQFRQVFLRXVQHVV
%\GLQWRIFRQVWDQWO\GZHOOLQJRQWKHLGHDWKDWWUDQTXLOOLW\
ZDVGHDWKDQGLISXQLVKPHQWZHUHWKHHQGLQYLHZRWKHU
WRUWXUHVWKDQGHDWKPXVWEHLQYHQWHGKHEHJDQWRUHIOHFWRQ
VXLFLGH8QKDSS\KHZKRRQWKHEULQNRIPLVIRUWXQHEURRGV
RYHULGHDVOLNHWKHVH
%HIRUHKLPLVDGHDGVHDWKDWVWUHWFKHVLQD]XUHFDOPEHIRUH
WKHH\HEXWKHZKRXQZDULO\YHQWXUHVZLWKLQLWVHPEUDFH
ILQGVKLPVHOIVWUXJJOLQJZLWKDPRQVWHUWKDWZRXOGGUDJKLP
GRZQWRSHUGLWLRQ2QFHWKXVHQVQDUHGXQOHVVWKHSURWHFWLQJ
KDQGRI*RGVQDWFKKLPWKHQFHDOOLVRYHUDQGKLV
VWUXJJOHVEXWWHQGWRKDVWHQKLVGHVWUXFWLRQ7KLVVWDWHRI
PHQWDODQJXLVKLVKRZHYHUOHVVWHUULEOHWKDQWKH
VXIIHULQJVWKDWSUHFHGHRUWKHSXQLVKPHQWWKDWSRVVLEO\ZLOO
IROORZ7KHUHLVDVRUWRIFRQVRODWLRQDWWKHFRQWHPSODWLRQ
RIWKH\DZQLQJDE\VVDWWKHERWWRPRIZKLFKOLHGDUNQHVV
DQGREVFXULW\
(GPRQGIRXQGVRPHVRODFHLQWKHVHLGHDV$OOKLVVRUURZV
DOOKLVVXIIHULQJVZLWKWKHLUWUDLQRIJORRP\VSHFWUHV
IOHGIURPKLVFHOOZKHQWKHDQJHORIGHDWKVHHPHGDERXWWR
HQWHU'DQWHVUHYLHZHGKLVSDVWOLIHZLWKFRPSRVXUHDQG
ORRNLQJIRUZDUGZLWKWHUURUWRKLVIXWXUHH[LVWHQFHFKRVH
WKDWPLGGOHOLQHWKDWVHHPHGWRDIIRUGKLPDUHIXJH
6RPHWLPHVVDLGKHLQP\YR\DJHVZKHQ,ZDVDPDQDQG
FRPPDQGHGRWKHUPHQ,KDYHVHHQWKHKHDYHQVRYHUFDVWWKH
VHDUDJHDQGIRDPWKHVWRUPDULVHDQGOLNHDPRQVWURXV

147

ELUGEHDWLQJWKHWZRKRUL]RQVZLWKLWVZLQJV7KHQ,IHOW
WKDWP\YHVVHOZDVDYDLQUHIXJHWKDWWUHPEOHGDQGVKRRN
EHIRUHWKHWHPSHVW6RRQWKHIXU\RIWKHZDYHVDQGWKHVLJKW
RIWKHVKDUSURFNVDQQRXQFHGWKHDSSURDFKRIGHDWKDQG
GHDWKWKHQWHUULILHGPHDQG,XVHGDOOP\VNLOODQG
LQWHOOLJHQFHDVDPDQDQGDVDLORUWRVWUXJJOHDJDLQVWWKH
ZUDWKRI*RG%XW,GLGVREHFDXVH,ZDVKDSS\EHFDXVH,
KDGQRWFRXUWHGGHDWKEHFDXVHWREHFDVWXSRQDEHGRI
URFNVDQGVHDZHHGVHHPHGWHUULEOHEHFDXVH,ZDVXQZLOOLQJ
WKDW,DFUHDWXUHPDGHIRUWKHVHUYLFHRI*RGVKRXOGVHUYH
IRUIRRGWRWKHJXOOVDQGUDYHQV%XWQRZLWLVGLIIHUHQW,
KDYHORVWDOOWKDWERXQGPHWROLIHGHDWKVPLOHVDQG
LQYLWHVPHWRUHSRVH,GLHDIWHUP\RZQPDQQHU,GLH
H[KDXVWHGDQGEURNHQVSLULWHGDV,IDOODVOHHSZKHQ,KDYH
SDFHGWKUHHWKRXVDQGWLPHVURXQGP\FHOO
1RVRRQHUKDGWKLVLGHDWDNHQSRVVHVVLRQRIKLPWKDQKH
EHFDPHPRUHFRPSRVHGDUUDQJHGKLVFRXFKWRWKHEHVWRIKLV
SRZHUDWHOLWWOHDQGVOHSWOHVVDQGIRXQGH[LVWHQFHDOPRVW
VXSSRUWDEOHEHFDXVHKHIHOWWKDWKHFRXOGWKURZLWRIIDW
SOHDVXUHOLNHDZRUQRXWJDUPHQW7ZRPHWKRGVRI
VHOIGHVWUXFWLRQZHUHDWKLVGLVSRVDO+HFRXOGKDQJKLPVHOI
ZLWKKLVKDQGNHUFKLHIWRWKHZLQGRZEDUVRUUHIXVHIRRGDQG
GLHRIVWDUYDWLRQ%XWWKHILUVWZDVUHSXJQDQWWRKLP
'DQWHVKDGDOZD\VHQWHUWDLQHGWKHJUHDWHVWKRUURURI
SLUDWHVZKRDUHKXQJXSWRWKH\DUGDUPKHZRXOGQRWGLH
E\ZKDWVHHPHGDQLQIDPRXVGHDWK+HUHVROYHGWRDGRSWWKH
VHFRQGDQGEHJDQWKDWGD\WRFDUU\RXWKLVUHVROYH1HDUO\
IRXU\HDUVKDGSDVVHGDZD\DWWKHHQGRIWKHVHFRQGKHKDG
FHDVHGWRPDUNWKHODSVHRIWLPH
'DQWHVVDLG,ZLVKWRGLHDQGKDGFKRVHQWKHPDQQHURI
KLVGHDWKDQGIHDUIXORIFKDQJLQJKLVPLQGKHKDGWDNHQDQ
RDWKWRGLH:KHQP\PRUQLQJDQGHYHQLQJPHDOVDUH
EURXJKWWKRXJKWKH,ZLOOFDVWWKHPRXWRIWKHZLQGRZ
DQGWKH\ZLOOWKLQNWKDW,KDYHHDWHQWKHP
+HNHSWKLVZRUGWZLFHDGD\KHFDVWRXWWKURXJKWKH
EDUUHGDSHUWXUHWKHSURYLVLRQVKLVMDLOHUEURXJKWKLPDW
ILUVWJD\O\WKHQZLWKGHOLEHUDWLRQDQGDWODVWZLWK
UHJUHW1RWKLQJEXWWKHUHFROOHFWLRQRIKLVRDWKJDYHKLP
VWUHQJWKWRSURFHHG+XQJHUPDGHYLDQGVRQFHUHSXJQDQWQRZ
DFFHSWDEOHKHKHOGWKHSODWHLQKLVKDQGIRUDQKRXUDWD
WLPHDQGJD]HGWKRXJKWIXOO\DWWKHPRUVHORIEDGPHDWRI

148

WDLQWHGILVKRIEODFNDQGPRXOG\EUHDG,WZDVWKHODVW
\HDUQLQJIRUOLIHFRQWHQGLQJZLWKWKHUHVROXWLRQRIGHVSDLU
WKHQKLVGXQJHRQVHHPHGOHVVVRPEUHKLVSURVSHFWVOHVV
GHVSHUDWH+HZDVVWLOO\RXQJKHZDVRQO\IRXURUILYH
DQGWZHQW\KHKDGQHDUO\ILIW\\HDUVWROLYH:KDW
XQIRUVHHQHYHQWVPLJKWQRWRSHQKLVSULVRQGRRUDQGUHVWRUH
KLPWROLEHUW\"7KHQKHUDLVHGWRKLVOLSVWKHUHSDVWWKDW
OLNHDYROXQWDU\7DQWDOXVKHUHIXVHGKLPVHOIEXWKH
WKRXJKWRIKLVRDWKDQGKHZRXOGQRWEUHDNLW+HSHUVLVWHG
XQWLODWODVWKHKDGQRWVXIILFLHQWVWUHQJWKWRULVHDQG
FDVWKLVVXSSHURXWRIWKHORRSKROH7KHQH[WPRUQLQJKH
FRXOGQRWVHHRUKHDUWKHMDLOHUIHDUHGKHZDVGDQJHURXVO\
LOO(GPRQGKRSHGKHZDVG\LQJ
7KXVWKHGD\SDVVHGDZD\(GPRQGIHOWDVRUWRIVWXSRU
FUHHSLQJRYHUKLPZKLFKEURXJKWZLWKLWDIHHOLQJDOPRVWRI
FRQWHQWWKHJQDZLQJSDLQDWKLVVWRPDFKKDGFHDVHGKLV
WKLUVWKDGDEDWHGZKHQKHFORVHGKLVH\HVKHVDZP\ULDGVRI
OLJKWVGDQFLQJEHIRUHWKHPOLNHWKHZLOOR
WKHZLVSVWKDW
SOD\DERXWWKHPDUVKHV,WZDVWKHWZLOLJKWRIWKDW
P\VWHULRXVFRXQWU\FDOOHG'HDWK
6XGGHQO\DERXWQLQHR
FORFNLQWKHHYHQLQJ(GPRQGKHDUGD
KROORZVRXQGLQWKHZDOODJDLQVWZKLFKKHZDVO\LQJ
6RPDQ\ORDWKVRPHDQLPDOVLQKDELWHGWKHSULVRQWKDWWKHLU
QRLVHGLGQRWLQJHQHUDODZDNHKLPEXWZKHWKHUDEVWLQHQFH
KDGTXLFNHQHGKLVIDFXOWLHVRUZKHWKHUWKHQRLVHZDVUHDOO\
ORXGHUWKDQXVXDO(GPRQGUDLVHGKLVKHDGDQGOLVWHQHG,W
ZDVDFRQWLQXDOVFUDWFKLQJDVLIPDGHE\DKXJHFODZD
SRZHUIXOWRRWKRUVRPHLURQLQVWUXPHQWDWWDFNLQJWKH
VWRQHV
$OWKRXJKZHDNHQHGWKH\RXQJPDQ
VEUDLQLQVWDQWO\UHVSRQGHG
WRWKHLGHDWKDWKDXQWVDOOSULVRQHUVOLEHUW\,WVHHPHG
WRKLPWKDWKHDYHQKDGDWOHQJWKWDNHQSLW\RQKLPDQGKDG
VHQWWKLVQRLVHWRZDUQKLPRQWKHYHU\EULQNRIWKHDE\VV
3HUKDSVRQHRIWKRVHEHORYHGRQHVKHKDGVRRIWHQWKRXJKWRI
ZDVWKLQNLQJRIKLPDQGVWULYLQJWRGLPLQLVKWKHGLVWDQFH
WKDWVHSDUDWHGWKHP
1RQRGRXEWOHVVKHZDVGHFHLYHGDQGLWZDVEXWRQHRI
WKRVHGUHDPVWKDWIRUHUXQGHDWK

149

(GPRQGVWLOOKHDUGWKHVRXQG,WODVWHGQHDUO\WKUHHKRXUV
KHWKHQKHDUGDQRLVHRIVRPHWKLQJIDOOLQJDQGDOOZDV
VLOHQW
6RPHKRXUVDIWHUZDUGVLWEHJDQDJDLQQHDUHUDQGPRUH
GLVWLQFW(GPRQGZDVLQWHQVHO\LQWHUHVWHG6XGGHQO\WKH
MDLOHUHQWHUHG
)RUDZHHNVLQFHKHKDGUHVROYHGWRGLHDQGGXULQJWKHIRXU
GD\VWKDWKHKDGEHHQFDUU\LQJRXWKLVSXUSRVH(GPRQGKDG
QRWVSRNHQWRWKHDWWHQGDQWKDGQRWDQVZHUHGKLPZKHQKH
LQTXLUHGZKDWZDVWKHPDWWHUZLWKKLPDQGWXUQHGKLVIDFH
WRWKHZDOOZKHQKHORRNHGWRRFXULRXVO\DWKLPEXWQRZWKH
MDLOHUPLJKWKHDUWKHQRLVHDQGSXWDQHQGWRLWDQGVR
GHVWUR\DUD\RIVRPHWKLQJOLNHKRSHWKDWVRRWKHGKLVODVW
PRPHQWV
7KHMDLOHUEURXJKWKLPKLVEUHDNIDVW'DQWHVUDLVHGKLPVHOI
XSDQGEHJDQWRWDONDERXWHYHU\WKLQJDERXWWKHEDGTXDOLW\
RIWKHIRRGDERXWWKHFROGQHVVRIKLVGXQJHRQJUXPEOLQJ
DQGFRPSODLQLQJLQRUGHUWRKDYHDQH[FXVHIRUVSHDNLQJ
ORXGHUDQGZHDU\LQJWKHSDWLHQFHRIKLVMDLOHUZKRRXWRI
NLQGQHVVRIKHDUWKDGEURXJKWEURWKDQGZKLWHEUHDGIRUKLV
SULVRQHU
)RUWXQDWHO\KHIDQFLHGWKDW'DQWHVZDVGHOLULRXVDQG
SODFLQJWKHIRRGRQWKHULFNHW\WDEOHKHZLWKGUHZ(GPRQG
OLVWHQHGDQGWKHVRXQGEHFDPHPRUHDQGPRUHGLVWLQFW
7KHUHFDQEHQRGRXEWDERXWLWWKRXJKWKHLWLVVRPH
SULVRQHUZKRLVVWULYLQJWRREWDLQKLVIUHHGRP2KLI,
ZHUHRQO\WKHUHWRKHOSKLP6XGGHQO\DQRWKHULGHDWRRN
SRVVHVVLRQRIKLVPLQGVRXVHGWRPLVIRUWXQHWKDWLWZDV
VFDUFHO\FDSDEOHRIKRSHWKHLGHDWKDWWKHQRLVHZDVPDGH
E\ZRUNPHQWKHJRYHUQRUKDGRUGHUHGWRUHSDLUWKH
QHLJKERULQJGXQJHRQ
,WZDVHDV\WRDVFHUWDLQWKLVEXWKRZFRXOGKHULVNWKH
TXHVWLRQ",WZDVHDV\WRFDOOKLVMDLOHU
VDWWHQWLRQWRWKH
QRLVHDQGZDWFKKLVFRXQWHQDQFHDVKHOLVWHQHGEXWPLJKW
KHQRWE\WKLVPHDQVGHVWUR\KRSHVIDUPRUHLPSRUWDQWWKDQ
WKHVKRUWOLYHGVDWLVIDFWLRQRIKLVRZQFXULRVLW\"
8QIRUWXQDWHO\(GPRQG
VEUDLQZDVVWLOOVRIHHEOHWKDWKH
FRXOGQRWEHQGKLVWKRXJKWVWRDQ\WKLQJLQSDUWLFXODU

150

+HVDZEXWRQHPHDQVRIUHVWRULQJOXFLGLW\DQGFOHDUQHVVWR
KLVMXGJPHQW+HWXUQHGKLVH\HVWRZDUGVWKHVRXSZKLFKWKH
MDLOHUKDGEURXJKWURVHVWDJJHUHGWRZDUGVLWUDLVHGWKH
YHVVHOWRKLVOLSVDQGGUDQNRIIWKHFRQWHQWVZLWKD
IHHOLQJRILQGHVFULEDEOHSOHDVXUH+HKDGRIWHQKHDUGWKDW
VKLSZUHFNHGSHUVRQVKDGGLHGWKURXJKKDYLQJHDJHUO\GHYRXUHG
WRRPXFKIRRG(GPRQGUHSODFHGRQWKHWDEOHWKHEUHDGKHZDV
DERXWWRGHYRXUDQGUHWXUQHGWRKLVFRXFKKHGLGQRW
ZLVKWRGLH+HVRRQIHOWWKDWKLVLGHDVEHFDPHDJDLQ
FROOHFWHGKHFRXOGWKLQNDQGVWUHQJWKHQKLVWKRXJKWVE\
UHDVRQLQJ7KHQKHVDLGWRKLPVHOI,PXVWSXWWKLVWRWKH
WHVWEXWZLWKRXWFRPSURPLVLQJDQ\ERG\,ILWLVDZRUNPDQ
,QHHGEXWNQRFNDJDLQVWWKHZDOODQGKHZLOOFHDVHWR
ZRUNLQRUGHUWRILQGRXWZKRLVNQRFNLQJDQGZK\KHGRHV
VREXWDVKLVRFFXSDWLRQLVVDQFWLRQHGE\WKHJRYHUQRUKH
ZLOOVRRQUHVXPHLW,IRQWKHFRQWUDU\LWLVDSULVRQHU
WKHQRLVH,PDNHZLOODODUPKLPKHZLOOFHDVHDQGQRW
EHJLQDJDLQXQWLOKHWKLQNVHYHU\RQHLVDVOHHS
(GPRQGURVHDJDLQEXWWKLVWLPHKLVOHJVGLGQRWWUHPEOH
DQGKLVVLJKWZDVFOHDUKHZHQWWRDFRUQHURIKLVGXQJHRQ
GHWDFKHGDVWRQHDQGZLWKLWNQRFNHGDJDLQVWWKHZDOOZKHUH
WKHVRXQGFDPH+HVWUXFNWKULFH$WWKHILUVWEORZWKH
VRXQGFHDVHGDVLIE\PDJLF
(GPRQGOLVWHQHGLQWHQWO\DQKRXUSDVVHGWZRKRXUVSDVVHG
DQGQRVRXQGZDVKHDUGIURPWKHZDOODOOZDVVLOHQW
WKHUH
)XOORIKRSH(GPRQGVZDOORZHGDIHZPRXWKIXOVRIEUHDGDQG
ZDWHUDQGWKDQNVWRWKHYLJRURIKLVFRQVWLWXWLRQIRXQG
KLPVHOIZHOOQLJKUHFRYHUHG
7KHGD\SDVVHGDZD\LQXWWHUVLOHQFHQLJKWFDPHZLWKRXW
UHFXUUHQFHRIWKHQRLVH
,WLVDSULVRQHUVDLG(GPRQGMR\IXOO\7KHQLJKWSDVVHG
LQSHUIHFWVLOHQFH(GPRQGGLGQRWFORVHKLVH\HV
,QWKHPRUQLQJWKHMDLOHUEURXJKWKLPIUHVKSURYLVLRQVKH
KDGDOUHDG\GHYRXUHGWKRVHRIWKHSUHYLRXVGD\KHDWHWKHVH
OLVWHQLQJDQ[LRXVO\IRUWKHVRXQGZDONLQJURXQGDQGURXQG
KLVFHOOVKDNLQJWKHLURQEDUVRIWKHORRSKROHUHVWRULQJ

151

YLJRUDQGDJLOLW\WRKLVOLPEVE\H[HUFLVHDQGVRSUHSDULQJ
KLPVHOIIRUKLVIXWXUHGHVWLQ\$WLQWHUYDOVKHOLVWHQHGWR
OHDUQLIWKHQRLVHKDGQRWEHJXQDJDLQDQGJUHZLPSDWLHQW
DWWKHSUXGHQFHRIWKHSULVRQHUZKRGLGQRWJXHVVKHKDG
EHHQGLVWXUEHGE\DFDSWLYHDVDQ[LRXVIRUOLEHUW\DV
KLPVHOI
7KUHHGD\VSDVVHGVHYHQW\WZRORQJWHGLRXVKRXUVZKLFKKH
FRXQWHGRIIE\PLQXWHV
$WOHQJWKRQHHYHQLQJDVWKHMDLOHUZDVYLVLWLQJKLPIRU
WKHODVWWLPHWKDWQLJKW'DQWHVZLWKKLVHDUIRUWKH
KXQGUHGWKWLPHDWWKHZDOOIDQFLHGKHKHDUGDQDOPRVW
LPSHUFHSWLEOHPRYHPHQWDPRQJWKHVWRQHV+HPRYHGDZD\
ZDONHGXSDQGGRZQKLVFHOOWRFROOHFWKLVWKRXJKWVDQG
WKHQZHQWEDFNDQGOLVWHQHG
7KHPDWWHUZDVQRORQJHUGRXEWIXO6RPHWKLQJZDVDWZRUNRQ
WKHRWKHUVLGHRIWKHZDOOWKHSULVRQHUKDGGLVFRYHUHGWKH
GDQJHUDQGKDGVXEVWLWXWHGDOHYHUIRUDFKLVHO
(QFRXUDJHGE\WKLVGLVFRYHU\(GPRQGGHWHUPLQHGWRDVVLVW
WKHLQGHIDWLJDEOHODERUHU+HEHJDQE\PRYLQJKLVEHGDQG
ORRNHGDURXQGIRUDQ\WKLQJZLWKZKLFKKHFRXOGSLHUFHWKH
ZDOOSHQHWUDWHWKHPRLVWFHPHQWDQGGLVSODFHDVWRQH
+HVDZQRWKLQJKHKDGQRNQLIHRUVKDUSLQVWUXPHQWWKH
ZLQGRZJUDWLQJZDVRILURQEXWKHKDGWRRRIWHQDVVXUHG
KLPVHOIRILWVVROLGLW\$OOKLVIXUQLWXUHFRQVLVWHGRID
EHGDFKDLUDWDEOHDSDLODQGDMXJ7KHEHGKDGLURQ
FODPSVEXWWKH\ZHUHVFUHZHGWRWKHZRRGDQGLWZRXOGKDYH
UHTXLUHGDVFUHZGULYHUWRWDNHWKHPRII7KHWDEOHDQG
FKDLUKDGQRWKLQJWKHSDLOKDGRQFHSRVVHVVHGDKDQGOHEXW
WKDWKDGEHHQUHPRYHG
'DQWHVKDGEXWRQHUHVRXUFHZKLFKZDVWREUHDNWKHMXJDQG
ZLWKRQHRIWKHVKDUSIUDJPHQWVDWWDFNWKHZDOO+HOHWWKH
MXJIDOORQWKHIORRUDQGLWEURNHLQSLHFHV
'DQWHVFRQFHDOHGWZRRUWKUHHRIWKHVKDUSHVWIUDJPHQWVLQ
KLVEHGOHDYLQJWKHUHVWRQWKHIORRU7KHEUHDNLQJRIKLV
MXJZDVWRRQDWXUDODQDFFLGHQWWRH[FLWHVXVSLFLRQ(GPRQG
KDGDOOWKHQLJKWWRZRUNLQEXWLQWKHGDUNQHVVKHFRXOG
QRWGRPXFKDQGKHVRRQIHOWWKDWKHZDVZRUNLQJDJDLQVW

152

VRPHWKLQJYHU\KDUGKHSXVKHGEDFNKLVEHGDQGZDLWHGIRU
GD\
$OOQLJKWKHKHDUGWKHVXEWHUUDQHDQZRUNPDQZKRFRQWLQXHG
WRPLQHKLVZD\'D\FDPHWKHMDLOHUHQWHUHG'DQWHVWROG
KLPWKDWWKHMXJKDGIDOOHQIURPKLVKDQGVZKLOHKHZDV
GULQNLQJDQGWKHMDLOHUZHQWJUXPEOLQJO\WRIHWFKDQRWKHU
ZLWKRXWJLYLQJKLPVHOIWKHWURXEOHWRUHPRYHWKHIUDJPHQWV
RIWKHEURNHQRQH+HUHWXUQHGVSHHGLO\DGYLVHGWKH
SULVRQHUWREHPRUHFDUHIXODQGGHSDUWHG
'DQWHVKHDUGMR\IXOO\WKHNH\JUDWHLQWKHORFNKHOLVWHQHG
XQWLOWKHVRXQGRIVWHSVGLHGDZD\DQGWKHQKDVWLO\
GLVSODFLQJKLVEHGVDZE\WKHIDLQWOLJKWWKDWSHQHWUDWHG
LQWRKLVFHOOWKDWKHKDGODERUHGXVHOHVVO\WKHSUHYLRXV
HYHQLQJLQDWWDFNLQJWKHVWRQHLQVWHDGRIUHPRYLQJWKH
SODVWHUWKDWVXUURXQGHGLW
7KHGDPSKDGUHQGHUHGLWIULDEOHDQG'DQWHVZDVDEOHWR
EUHDNLWRIILQVPDOOPRUVHOVLWLVWUXHEXWDWWKHHQG
RIKDOIDQKRXUKHKDGVFUDSHGRIIDKDQGIXOD
PDWKHPDWLFLDQPLJKWKDYHFDOFXODWHGWKDWLQWZR\HDUV
VXSSRVLQJWKDWWKHURFNZDVQRWHQFRXQWHUHGDSDVVDJH
WZHQW\IHHWORQJDQGWZRIHHWEURDGPLJKWEHIRUPHG
7KHSULVRQHUUHSURDFKHGKLPVHOIZLWKQRWKDYLQJWKXV
HPSOR\HGWKHKRXUVKHKDGSDVVHGLQYDLQKRSHVSUD\HUDQG
GHVSRQGHQF\'XULQJWKHVL[\HDUVWKDWKHKDGEHHQ
LPSULVRQHGZKDWPLJKWKHQRWKDYHDFFRPSOLVKHG"
,QWKUHHGD\VKHKDGVXFFHHGHGZLWKWKHXWPRVWSUHFDXWLRQ
LQUHPRYLQJWKHFHPHQWDQGH[SRVLQJWKHVWRQHZRUN7KH
ZDOOZDVEXLOWRIURXJKVWRQHVDPRQJZKLFKWRJLYH
VWUHQJWKWRWKHVWUXFWXUHEORFNVRIKHZQVWRQHZHUHDW
LQWHUYDOVLPEHGGHG,WZDVRQHRIWKHVHKHKDGXQFRYHUHG
DQGZKLFKKHPXVWUHPRYHIURPLWVVRFNHW
'DQWHVVWURYHWRGRWKLVZLWKKLVQDLOVEXWWKH\ZHUHWRR
ZHDN7KHIUDJPHQWVRIWKHMXJEURNHDQGDIWHUDQKRXURI
XVHOHVVWRLOKHSDXVHG
:DVKHWREHWKXVVWRSSHGDWWKHEHJLQQLQJDQGZDVKHWR
ZDLWLQDFWLYHXQWLOKLVIHOORZZRUNPDQKDGFRPSOHWHGKLV
WDVN"6XGGHQO\DQLGHDRFFXUUHGWRKLPKHVPLOHGDQGWKH

153

SHUVSLUDWLRQGULHGRQKLVIRUHKHDG
7KHMDLOHUDOZD\VEURXJKW'DQWHV
VRXSLQDQLURQVDXFHSDQ
WKLVVDXFHSDQFRQWDLQHGVRXSIRUERWKSULVRQHUVIRU'DQWHV
KDGQRWLFHGWKDWLWZDVHLWKHUTXLWHIXOORUKDOIHPSW\
DFFRUGLQJDVWKHWXUQNH\JDYHLWWRKLPRUWRKLVFRPSDQLRQ
ILUVW
7KHKDQGOHRIWKLVVDXFHSDQZDVRILURQ'DQWHVZRXOGKDYH
JLYHQWHQ\HDUVRIKLVOLIHLQH[FKDQJHIRULW
7KHMDLOHUZDVDFFXVWRPHGWRSRXUWKHFRQWHQWVRIWKH
VDXFHSDQLQWR'DQWHV
SODWHDQG'DQWHVDIWHUHDWLQJKLV
VRXSZLWKDZRRGHQVSRRQZDVKHGWKHSODWHZKLFKWKXV
VHUYHGIRUHYHU\GD\1RZZKHQHYHQLQJFDPH'DQWHVSXWKLV
SODWHRQWKHJURXQGQHDUWKHGRRUWKHMDLOHUDVKH
HQWHUHGVWHSSHGRQLWDQGEURNHLW
7KLVWLPHKHFRXOGQRWEODPH'DQWHV+HZDVZURQJWROHDYH
LWWKHUHEXWWKHMDLOHUZDVZURQJQRWWRKDYHORRNHGEHIRUH
KLP
7KHMDLOHUWKHUHIRUHRQO\JUXPEOHG7KHQKHORRNHGDERXW
IRUVRPHWKLQJWRSRXUWKHVRXSLQWR'DQWHV
HQWLUHGLQQHU
VHUYLFHFRQVLVWHGRIRQHSODWHWKHUHZDVQRDOWHUQDWLYH
/HDYHWKHVDXFHSDQVDLG'DQWHV\RXFDQWDNHLWDZD\
ZKHQ\RXEULQJPHP\EUHDNIDVW7KLVDGYLFHZDVWRWKH
MDLOHU
VWDVWHDVLWVSDUHGKLPWKHQHFHVVLW\RIPDNLQJ
DQRWKHUWULS+HOHIWWKHVDXFHSDQ
'DQWHVZDVEHVLGHKLPVHOIZLWKMR\+HUDSLGO\GHYRXUHGKLV
IRRGDQGDIWHUZDLWLQJDQKRXUOHVWWKHMDLOHUVKRXOG
FKDQJHKLVPLQGDQGUHWXUQKHUHPRYHGKLVEHGWRRNWKH
KDQGOHRIWKHVDXFHSDQLQVHUWHGWKHSRLQWEHWZHHQWKHKHZQ
VWRQHDQGURXJKVWRQHVRIWKHZDOODQGHPSOR\HGLWDVD
OHYHU$VOLJKWRVFLOODWLRQVKRZHG'DQWHVWKDWDOOZHQW
ZHOO$WWKHHQGRIDQKRXUWKHVWRQHZDVH[WULFDWHGIURP
WKHZDOOOHDYLQJDFDYLW\DIRRWDQGDKDOILQGLDPHWHU
'DQWHVFDUHIXOO\FROOHFWHGWKHSODVWHUFDUULHGLWLQWRWKH
FRUQHURIKLVFHOODQGFRYHUHGLWZLWKHDUWK7KHQZLVKLQJ
WRPDNHWKHEHVWXVHRIKLVWLPHZKLOHKHKDGWKHPHDQVRI
ODERUKHFRQWLQXHGWRZRUNZLWKRXWFHDVLQJ$WWKHGDZQRI

154

GD\KHUHSODFHGWKHVWRQHSXVKHGKLVEHGDJDLQVWWKHZDOO
DQGOD\GRZQ7KHEUHDNIDVWFRQVLVWHGRIDSLHFHRIEUHDG
WKHMDLOHUHQWHUHGDQGSODFHGWKHEUHDGRQWKHWDEOH
:HOOGRQ
W\RXLQWHQGWREULQJPHDQRWKHUSODWH"VDLG
'DQWHV
1RUHSOLHGWKHWXUQNH\\RXGHVWUR\HYHU\WKLQJ)LUVW
\RXEUHDN\RXUMXJWKHQ\RXPDNHPHEUHDN\RXUSODWHLI
DOOWKHSULVRQHUVIROORZHG\RXUH[DPSOHWKHJRYHUQPHQW
ZRXOGEHUXLQHG,VKDOOOHDYH\RXWKHVDXFHSDQDQGSRXU
\RXUVRXSLQWRWKDW6RIRUWKHIXWXUH,KRSH\RXZLOOQRW
EHVRGHVWUXFWLYH
'DQWHVUDLVHGKLVH\HVWRKHDYHQDQGFODVSHGKLVKDQGV
EHQHDWKWKHFRYHUOHW+HIHOWPRUHJUDWLWXGHIRUWKH
SRVVHVVLRQRIWKLVSLHFHRILURQWKDQKHKDGHYHUIHOWIRU
DQ\WKLQJ+HKDGQRWLFHGKRZHYHUWKDWWKHSULVRQHURQWKH
RWKHUVLGHKDGFHDVHGWRODERUQRPDWWHUWKLVZDVD
JUHDWHUUHDVRQIRUSURFHHGLQJLIKLVQHLJKERUZRXOGQRW
FRPHWRKLPKHZRXOGJRWRKLVQHLJKERU$OOGD\KHWRLOHG
RQXQWLULQJO\DQGE\WKHHYHQLQJKHKDGVXFFHHGHGLQ
H[WUDFWLQJWHQKDQGIXOVRISODVWHUDQGIUDJPHQWVRIVWRQH
:KHQWKHKRXUIRUKLVMDLOHU
VYLVLWDUULYHG'DQWHV
VWUDLJKWHQHGWKHKDQGOHRIWKHVDXFHSDQDVZHOODVKHFRXOG
DQGSODFHGLWLQLWVDFFXVWRPHGSODFH7KHWXUQNH\SRXUHG
KLVUDWLRQRIVRXSLQWRLWWRJHWKHUZLWKWKHILVKIRU
WKULFHDZHHNWKHSULVRQHUVZHUHGHSULYHGRIPHDW7KLV
ZRXOGKDYHEHHQDPHWKRGRIUHFNRQLQJWLPHKDGQRW'DQWHV
ORQJFHDVHGWRGRVR+DYLQJSRXUHGRXWWKHVRXSWKH
WXUQNH\UHWLUHG'DQWHVZLVKHGWRDVFHUWDLQZKHWKHUKLV
QHLJKERUKDGUHDOO\FHDVHGWRZRUN+HOLVWHQHGDOOZDV
VLOHQWDVLWKDGEHHQIRUWKHODVWWKUHHGD\V'DQWHV
VLJKHGLWZDVHYLGHQWWKDWKLVQHLJKERUGLVWUXVWHGKLP
+RZHYHUKHWRLOHGRQDOOWKHQLJKWZLWKRXWEHLQJ
GLVFRXUDJHGEXWDIWHUWZRRUWKUHHKRXUVKHHQFRXQWHUHGDQ
REVWDFOH7KHLURQPDGHQRLPSUHVVLRQEXWPHWZLWKDVPRRWK
VXUIDFH'DQWHVWRXFKHGLWDQGIRXQGWKDWLWZDVDEHDP
7KLVEHDPFURVVHGRUUDWKHUEORFNHGXSWKHKROH'DQWHVKDG
PDGHLWZDVQHFHVVDU\WKHUHIRUHWRGLJDERYHRUXQGHULW
7KHXQKDSS\\RXQJPDQKDGQRWWKRXJKWRIWKLV2P\*RGP\
*RGPXUPXUHGKH,KDYHVRHDUQHVWO\SUD\HGWR\RXWKDW
,KRSHGP\SUD\HUVKDGEHHQKHDUG$IWHUKDYLQJGHSULYHGPH
RIP\OLEHUW\DIWHUKDYLQJGHSULYHGPHRIGHDWKDIWHU

155

KDYLQJUHFDOOHGPHWRH[LVWHQFHP\*RGKDYHSLW\RQPH
DQGGRQRWOHWPHGLHLQGHVSDLU
:KRWDONVRI*RGDQGGHVSDLUDWWKHVDPHWLPH"VDLGD
YRLFHWKDWVHHPHGWRFRPHIURPEHQHDWKWKHHDUWKDQG
GHDGHQHGE\WKHGLVWDQFHVRXQGHGKROORZDQGVHSXOFKUDOLQ
WKH\RXQJPDQ
VHDUV(GPRQG
VKDLUVWRRGRQHQGDQGKH
URVHWRKLVNQHHV
$KVDLGKH,KHDUDKXPDQYRLFH(GPRQGKDGQRWKHDUG
DQ\RQHVSHDNVDYHKLVMDLOHUIRUIRXURUILYH\HDUVDQGD
MDLOHULVQRPDQWRDSULVRQHUKHLVDOLYLQJGRRUD
EDUULHURIIOHVKDQGEORRGDGGLQJVWUHQJWKWRUHVWUDLQWVRI
RDNDQGLURQ
,QWKHQDPHRIKHDYHQFULHG'DQWHVVSHDNDJDLQWKRXJK
WKHVRXQGRI\RXUYRLFHWHUULILHVPH:KRDUH\RX"
:KRDUH\RX"VDLGWKHYRLFH
$QXQKDSS\SULVRQHUUHSOLHG'DQWHVZKRPDGHQR
KHVLWDWLRQLQDQVZHULQJ
2IZKDWFRXQWU\"
$)UHQFKPDQ
<RXUQDPH"
(GPRQG'DQWHV
<RXUSURIHVVLRQ"
$VDLORU
+RZORQJKDYH\RXEHHQKHUH"
6LQFHWKHWKRI)HEUXDU\
<RXUFULPH"
,DPLQQRFHQW
%XWRIZKDWDUH\RXDFFXVHG"

156

2IKDYLQJFRQVSLUHGWRDLGWKHHPSHURU
VUHWXUQ
:KDW)RUWKHHPSHURU
VUHWXUQ"WKHHPSHURULVQRORQJHU
RQWKHWKURQHWKHQ"
+HDEGLFDWHGDW)RQWDLQHEOHDXLQDQGZDVVHQWWRWKH
,VODQGRI(OED%XWKRZORQJKDYH\RXEHHQKHUHWKDW\RXDUH
LJQRUDQWRIDOOWKLV"
6LQFH
'DQWHVVKXGGHUHGWKLVPDQKDGEHHQIRXU\HDUVORQJHUWKDQ
KLPVHOILQSULVRQ
'RQRWGLJDQ\PRUHVDLGWKHYRLFHRQO\WHOOPHKRZ
KLJKXSLV\RXUH[FDYDWLRQ"
2QDOHYHOZLWKWKHIORRU
+RZLVLWFRQFHDOHG"
%HKLQGP\EHG
+DV\RXUEHGEHHQPRYHGVLQFH\RXKDYHEHHQDSULVRQHU"
1R
:KDWGRHV\RXUFKDPEHURSHQRQ"
$FRUULGRU
$QGWKHFRUULGRU"
2QDFRXUW
$ODVPXUPXUHGWKHYRLFH
2KZKDWLVWKHPDWWHU"FULHG'DQWHV
,KDYHPDGHDPLVWDNHRZLQJWRDQHUURULQP\SODQV,WRRN
WKHZURQJDQJOHDQGKDYHFRPHRXWILIWHHQIHHWIURPZKHUH,
LQWHQGHG,WRRNWKHZDOO\RXDUHPLQLQJIRUWKHRXWHUZDOO
RIWKHIRUWUHVV

157

%XWWKHQ\RXZRXOGEHFORVHWRWKHVHD"
7KDWLVZKDW,KRSHG
$QGVXSSRVLQJ\RXKDGVXFFHHGHG"
,VKRXOGKDYHWKURZQP\VHOILQWRWKHVHDJDLQHGRQHRIWKH
LVODQGVQHDUKHUHWKH,VOHGH'DXPHRUWKH,VOHGH
7LERXOHQDQGWKHQ,VKRXOGKDYHEHHQVDIH
&RXOG\RXKDYHVZXPVRIDU"
+HDYHQZRXOGKDYHJLYHQPHVWUHQJWKEXWQRZDOOLVORVW
$OO"
<HVVWRSXS\RXUH[FDYDWLRQFDUHIXOO\GRQRWZRUNDQ\
PRUHDQGZDLWXQWLO\RXKHDUIURPPH
7HOOPHDWOHDVWZKR\RXDUH"
,DP,DP1R
<RXPLVWUXVWPHWKHQVDLG'DQWHV(GPRQGIDQFLHGKH
KHDUGDELWWHUODXJKUHVRXQGLQJIURPWKHGHSWKV
2K,DPD&KULVWLDQFULHG'DQWHVJXHVVLQJLQVWLQFWLYHO\
WKDWWKLVPDQPHDQWWRDEDQGRQKLP,VZHDUWR\RXE\KLP
ZKRGLHGIRUXVWKDWQDXJKWVKDOOLQGXFHPHWREUHDWKHRQH
V\OODEOHWRP\MDLOHUVEXW,FRQMXUH\RXGRQRWDEDQGRQPH
,I\RXGR,VZHDUWR\RXIRU,KDYHJRWWRWKHHQGRIP\
VWUHQJWKWKDW,ZLOOGDVKP\EUDLQVRXWDJDLQVWWKHZDOO
DQG\RXZLOOKDYHP\GHDWKWRUHSURDFK\RXUVHOIZLWK
+RZROGDUH\RX"<RXUYRLFHLVWKDWRID\RXQJPDQ
,GRQRWNQRZP\DJHIRU,KDYHQRWFRXQWHGWKH\HDUV,
KDYHEHHQKHUH$OO,GRNQRZLVWKDW,ZDVMXVWQLQHWHHQ
ZKHQ,ZDVDUUHVWHGWKHWKRI)HEUXDU\
1RWTXLWHWZHQW\VL[PXUPXUHGWKHYRLFHDWWKDWDJHKH
FDQQRWEHDWUDLWRU

158

2KQRQRFULHG'DQWHV,VZHDUWR\RXDJDLQUDWKHU
WKDQEHWUD\\RX,ZRXOGDOORZP\VHOIWREHKDFNHGLQ
SLHFHV
<RXKDYHGRQHZHOOWRVSHDNWRPHDQGDVNIRUP\
DVVLVWDQFHIRU,ZDVDERXWWRIRUPDQRWKHUSODQDQGOHDYH
\RXEXW\RXUDJHUHDVVXUHVPH,ZLOOQRWIRUJHW\RX
:DLW
+RZORQJ"
,PXVWFDOFXODWHRXUFKDQFHV,ZLOOJLYH\RXWKHVLJQDO
%XW\RXZLOOQRWOHDYHPH\RXZLOOFRPHWRPHRU\RXZLOO
OHWPHFRPHWR\RX:HZLOOHVFDSHDQGLIZHFDQQRWHVFDSH
ZHZLOOWDON\RXRIWKRVHZKRP\RXORYHDQG,RIWKRVH
ZKRP,ORYH<RXPXVWORYHVRPHERG\"
1R,DPDORQHLQWKHZRUOG
7KHQ\RXZLOOORYHPH,I\RXDUH\RXQJ,ZLOOEH\RXU
FRPUDGHLI\RXDUHROG,ZLOOEH\RXUVRQ,KDYHDIDWKHU
ZKRLVVHYHQW\LIKH\HWOLYHV,RQO\ORYHKLPDQGD\RXQJ
JLUOFDOOHG0HUFHGHV0\IDWKHUKDVQRW\HWIRUJRWWHQPH,
DPVXUHEXW*RGDORQHNQRZVLIVKHORYHVPHVWLOO,VKDOO
ORYH\RXDV,ORYHGP\IDWKHU
,WLVZHOOUHWXUQHGWKHYRLFHWRPRUURZ
7KHVHIHZZRUGVZHUHXWWHUHGZLWKDQDFFHQWWKDWOHIWQR
GRXEWRIKLVVLQFHULW\'DQWHVURVHGLVSHUVHGWKHIUDJPHQWV
ZLWKWKHVDPHSUHFDXWLRQDVEHIRUHDQGSXVKHGKLVEHGEDFN
DJDLQVWWKHZDOO+HWKHQJDYHKLPVHOIXSWRKLVKDSSLQHVV
+HZRXOGQRORQJHUEHDORQH+HZDVSHUKDSVDERXWWR
UHJDLQKLVOLEHUW\DWWKHZRUVWKHZRXOGKDYHDFRPSDQLRQ
DQGFDSWLYLW\WKDWLVVKDUHGLVEXWKDOIFDSWLYLW\3ODLQWV
PDGHLQFRPPRQDUHDOPRVWSUD\HUVDQGSUD\HUVZKHUHWZRRU
WKUHHDUHJDWKHUHGWRJHWKHULQYRNHWKHPHUF\RIKHDYHQ
$OOGD\'DQWHVZDONHGXSDQGGRZQKLVFHOO+HVDWGRZQ
RFFDVLRQDOO\RQKLVEHGSUHVVLQJKLVKDQGRQKLVKHDUW$W
WKHVOLJKWHVWQRLVHKHERXQGHGWRZDUGVWKHGRRU2QFHRU
WZLFHWKHWKRXJKWFURVVHGKLVPLQGWKDWKHPLJKWEH
VHSDUDWHGIURPWKLVXQNQRZQZKRPKHORYHGDOUHDG\DQGWKHQ

159

KLVPLQGZDVPDGHXSZKHQWKHMDLOHUPRYHGKLVEHGDQG
VWRRSHGWRH[DPLQHWKHRSHQLQJKHZRXOGNLOOKLPZLWKKLV
ZDWHUMXJ+HZRXOGEHFRQGHPQHGWRGLHEXWKHZDVDERXWWR
GLHRIJULHIDQGGHVSDLUZKHQWKLVPLUDFXORXVQRLVHUHFDOOHG
KLPWROLIH
7KHMDLOHUFDPHLQWKHHYHQLQJ'DQWHVZDVRQKLVEHG,W
VHHPHGWRKLPWKDWWKXVKHEHWWHUJXDUGHGWKHXQILQLVKHG
RSHQLQJ'RXEWOHVVWKHUHZDVDVWUDQJHH[SUHVVLRQLQKLV
H\HVIRUWKHMDLOHUVDLG&RPHDUH\RXJRLQJPDGDJDLQ"
'DQWHVGLGQRWDQVZHUKHIHDUHGWKDWWKHHPRWLRQRIKLV
YRLFHZRXOGEHWUD\KLP7KHMDLOHUZHQWDZD\VKDNLQJKLV
KHDG1LJKWFDPH'DQWHVKRSHGWKDWKLVQHLJKERUZRXOG
SURILWE\WKHVLOHQFHWRDGGUHVVKLPEXWKHZDVPLVWDNHQ
7KHQH[WPRUQLQJKRZHYHUMXVWDVKHUHPRYHGKLVEHGIURP
WKHZDOOKHKHDUGWKUHHNQRFNVKHWKUHZKLPVHOIRQKLV
NQHHV
,VLW\RX"VDLGKH,DPKHUH
,V\RXUMDLOHUJRQH"
<HVVDLG'DQWHVKHZLOOQRWUHWXUQXQWLOWKHHYHQLQJ
VRWKDWZHKDYHWZHOYHKRXUVEHIRUHXV
,FDQZRUNWKHQ"VDLGWKHYRLFH
2K\HV\HVWKLVLQVWDQW,HQWUHDW\RX
,QDPRPHQWWKDWSDUWRIWKHIORRURQZKLFK'DQWHVZDV
UHVWLQJKLVWZRKDQGVDVKHNQHOWZLWKKLVKHDGLQWKH
RSHQLQJVXGGHQO\JDYHZD\KHGUHZEDFNVPDUWO\ZKLOHD
PDVVRIVWRQHVDQGHDUWKGLVDSSHDUHGLQDKROHWKDWRSHQHG
EHQHDWKWKHDSHUWXUHKHKLPVHOIKDGIRUPHG7KHQIURPWKH
ERWWRPRIWKLVSDVVDJHWKHGHSWKRIZKLFKLWZDVLPSRVVLEOH
WRPHDVXUHKHVDZDSSHDUILUVWWKHKHDGWKHQWKH
VKRXOGHUVDQGODVWO\WKHERG\RIDPDQZKRVSUDQJOLJKWO\
LQWRKLVFHOO

&KDSWHU
$/HDUQHG,WDOLDQ

160

6HL]LQJLQKLVDUPVWKHIULHQGVRORQJDQGDUGHQWO\GHVLUHG
'DQWHVDOPRVWFDUULHGKLPWRZDUGVWKHZLQGRZLQRUGHUWR
REWDLQDEHWWHUYLHZRIKLVIHDWXUHVE\WKHDLGRIWKH
LPSHUIHFWOLJKWWKDWVWUXJJOHGWKURXJKWKHJUDWLQJ
+HZDVDPDQRIVPDOOVWDWXUHZLWKKDLUEODQFKHGUDWKHUE\
VXIIHULQJDQGVRUURZWKDQE\DJH+HKDGDGHHSVHW
SHQHWUDWLQJH\HDOPRVWEXULHGEHQHDWKWKHWKLFNJUD\
H\HEURZDQGDORQJ DQGVWLOOEODFN EHDUGUHDFKLQJGRZQWR
KLVEUHDVW+LVWKLQIDFHGHHSO\IXUURZHGE\FDUHDQGWKH
EROGRXWOLQHRIKLVVWURQJO\PDUNHGIHDWXUHVEHWRNHQHGD
PDQPRUHDFFXVWRPHGWRH[HUFLVHKLVPHQWDOIDFXOWLHVWKDQ
KLVSK\VLFDOVWUHQJWK/DUJHGURSVRISHUVSLUDWLRQZHUHQRZ
VWDQGLQJRQKLVEURZZKLOHWKHJDUPHQWVWKDWKXQJDERXWKLP
ZHUHVRUDJJHGWKDWRQHFRXOGRQO\JXHVVDWWKHSDWWHUQXSRQ
ZKLFKWKH\KDGRULJLQDOO\EHHQIDVKLRQHG
7KHVWUDQJHUPLJKWKDYHQXPEHUHGVL[W\RUVL[W\ILYH\HDUV
EXWDFHUWDLQEULVNQHVVDQGDSSHDUDQFHRIYLJRULQKLV
PRYHPHQWVPDGHLWSUREDEOHWKDWKHZDVDJHGPRUHIURP
FDSWLYLW\WKDQWKHFRXUVHRIWLPH+HUHFHLYHGWKH
HQWKXVLDVWLFJUHHWLQJRIKLV\RXQJDFTXDLQWDQFHZLWKHYLGHQW
SOHDVXUHDVWKRXJKKLVFKLOOHGDIIHFWLRQVZHUHUHNLQGOHG
DQGLQYLJRUDWHGE\KLVFRQWDFWZLWKRQHVRZDUPDQGDUGHQW
+HWKDQNHGKLPZLWKJUDWHIXOFRUGLDOLW\IRUKLVNLQGO\
ZHOFRPHDOWKRXJKKHPXVWDWWKDWPRPHQWKDYHEHHQVXIIHULQJ
ELWWHUO\WRILQGDQRWKHUGXQJHRQZKHUHKHKDGIRQGO\
UHFNRQHGRQGLVFRYHULQJDPHDQVRIUHJDLQLQJKLVOLEHUW\
/HWXVILUVWVHHVDLGKHZKHWKHULWLVSRVVLEOHWR
UHPRYHWKHWUDFHVRIP\HQWUDQFHKHUHRXUIXWXUH
WUDQTXLOOLW\GHSHQGVXSRQRXUMDLOHUVEHLQJHQWLUHO\
LJQRUDQWRILW$GYDQFLQJWRWKHRSHQLQJKHVWRRSHGDQG
UDLVHGWKHVWRQHHDVLO\LQVSLWHRILWVZHLJKWWKHQ
ILWWLQJLWLQWRLWVSODFHKHVDLG
<RXUHPRYHGWKLVVWRQHYHU\FDUHOHVVO\EXW,VXSSRVH\RX
KDGQRWRROVWRDLG\RX
:K\H[FODLPHG'DQWHVZLWKDVWRQLVKPHQWGR\RXSRVVHVV
DQ\"
,PDGHP\VHOIVRPHDQGZLWKWKHH[FHSWLRQRIDILOH,

161

KDYHDOOWKDWDUHQHFHVVDU\DFKLVHOSLQFHUVDQG
OHYHU
2KKRZ,VKRXOGOLNHWRVHHWKHVHSURGXFWVRI\RXU
LQGXVWU\DQGSDWLHQFH
:HOOLQWKHILUVWSODFHKHUHLVP\FKLVHO6RVD\LQJKH
GLVSOD\HGDVKDUSVWURQJEODGHZLWKDKDQGOHPDGHRI
EHHFKZRRG
$QGZLWKZKDWGLG\RXFRQWULYHWRPDNHWKDW"LQTXLUHG
'DQWHV
:LWKRQHRIWKHFODPSVRIP\EHGVWHDGDQGWKLVYHU\WRRO
KDVVXIILFHGPHWRKROORZRXWWKHURDGE\ZKLFK,FDPH
KLWKHUDGLVWDQFHRIDERXWILIW\IHHW
)LIW\IHHWUHVSRQGHG'DQWHVDOPRVWWHUULILHG
'RQRWVSHDNVRORXG\RXQJPDQGRQ
WVSHDNVRORXG,W
IUHTXHQWO\RFFXUVLQDVWDWHSULVRQOLNHWKLVWKDWSHUVRQV
DUHVWDWLRQHGRXWVLGHWKHGRRUVRIWKHFHOOVSXUSRVHO\WR
RYHUKHDUWKHFRQYHUVDWLRQRIWKHSULVRQHUV
%XWWKH\EHOLHYH,DPVKXWXSDORQHKHUH
7KDWPDNHVQRGLIIHUHQFH
$QG\RXVD\WKDW\RXGXJ\RXUZD\DGLVWDQFHRIILIW\IHHW
WRJHWKHUH"
,GRWKDWLVDERXWWKHGLVWDQFHWKDWVHSDUDWHV\RXU
FKDPEHUIURPPLQHRQO\XQIRUWXQDWHO\,GLGQRWFXUYH
DULJKWIRUZDQWRIWKHQHFHVVDU\JHRPHWULFDOLQVWUXPHQWVWR
FDOFXODWHP\VFDOHRISURSRUWLRQLQVWHDGRIWDNLQJDQ
HOOLSVLVRIIRUW\IHHW,PDGHLWILIW\,H[SHFWHGDV,
WROG\RXWRUHDFKWKHRXWHUZDOOSLHUFHWKURXJKLWDQG
WKURZP\VHOILQWRWKHVHD,KDYHKRZHYHUNHSWDORQJWKH
FRUULGRURQZKLFK\RXUFKDPEHURSHQVLQVWHDGRIJRLQJ
EHQHDWKLW0\ODERULVDOOLQYDLQIRU,ILQGWKDWWKH
FRUULGRUORRNVLQWRDFRXUW\DUGILOOHGZLWKVROGLHUV
7KDW
VWUXHVDLG'DQWHVEXWWKHFRUULGRU\RXVSHDNRI
RQO\ERXQGVRQHVLGHRIP\FHOOWKHUHDUHWKUHHRWKHUV

162

GR\RXNQRZDQ\WKLQJRIWKHLUVLWXDWLRQ"
7KLVRQHLVEXLOWDJDLQVWWKHVROLGURFNDQGLWZRXOGWDNH
WHQH[SHULHQFHGPLQHUVGXO\IXUQLVKHGZLWKWKHUHTXLVLWH
WRROVDVPDQ\\HDUVWRSHUIRUDWHLW7KLVDGMRLQVWKHORZHU
SDUWRIWKHJRYHUQRU
VDSDUWPHQWVDQGZHUHZHWRZRUNRXU
ZD\WKURXJKZHVKRXOGRQO\JHWLQWRVRPHORFNXSFHOODUV
ZKHUHZHPXVWQHFHVVDULO\EHUHFDSWXUHG7KHIRXUWKDQGODVW
VLGHRI\RXUFHOOIDFHVRQIDFHVRQVWRSDPLQXWHQRZ
ZKHUHGRHVLWIDFH"
7KHZDOORIZKLFKKHVSRNHZDVWKHRQHLQZKLFKZDVIL[HG
WKHORRSKROHE\ZKLFKOLJKWZDVDGPLWWHGWRWKHFKDPEHU
7KLVORRSKROHZKLFKJUDGXDOO\GLPLQLVKHGLQVL]HDVLW
DSSURDFKHGWKHRXWVLGHWRDQRSHQLQJWKURXJKZKLFKDFKLOG
FRXOGQRWKDYHSDVVHGZDVIRUEHWWHUVHFXULW\IXUQLVKHG
ZLWKWKUHHLURQEDUVVRDVWRTXLHWDOODSSUHKHQVLRQVHYHQ
LQWKHPLQGRIWKHPRVWVXVSLFLRXVMDLOHUDVWRWKH
SRVVLELOLW\RIDSULVRQHU
VHVFDSH$VWKHVWUDQJHUDVNHG
WKHTXHVWLRQKHGUDJJHGWKHWDEOHEHQHDWKWKHZLQGRZ
&OLPEXSVDLGKHWR'DQWHV7KH\RXQJPDQREH\HGPRXQWHG
RQWKHWDEOHDQGGLYLQLQJWKHZLVKHVRIKLVFRPSDQLRQ
SODFHGKLVEDFNVHFXUHO\DJDLQVWWKHZDOODQGKHOGRXWERWK
KDQGV7KHVWUDQJHUZKRPDV\HW'DQWHVNQHZRQO\E\WKH
QXPEHURIKLVFHOOVSUDQJXSZLWKDQDJLOLW\E\QRPHDQVWR
EHH[SHFWHGLQDSHUVRQRIKLV\HDUVDQGOLJKWDQGVWHDG\
RQKLVIHHWDVDFDWRUDOL]DUGFOLPEHGIURPWKHWDEOHWR
WKHRXWVWUHWFKHGKDQGVRI'DQWHVDQGIURPWKHPWRKLV
VKRXOGHUVWKHQEHQGLQJGRXEOHIRUWKHFHLOLQJRIWKH
GXQJHRQSUHYHQWHGKLPIURPKROGLQJKLPVHOIHUHFWKHPDQDJHG
WRVOLSKLVKHDGEHWZHHQWKHXSSHUEDUVRIWKHZLQGRZVRDV
WREHDEOHWRFRPPDQGDSHUIHFWYLHZIURPWRSWRERWWRP
$QLQVWDQWDIWHUZDUGVKHKDVWLO\GUHZEDFNKLVKHDGVD\LQJ
,WKRXJKWVRDQGVOLGLQJIURPWKHVKRXOGHUVRI'DQWHVDV
GH[WURXVO\DVKHKDGDVFHQGHGKHQLPEO\OHDSHGIURPWKH
WDEOHWRWKHJURXQG
:KDWZDVLWWKDW\RXWKRXJKW"DVNHGWKH\RXQJPDQ
DQ[LRXVO\LQKLVWXUQGHVFHQGLQJIURPWKHWDEOH
7KHHOGHUSULVRQHUSRQGHUHGWKHPDWWHU<HVVDLGKHDW
OHQJWKLWLVVR7KLVVLGHRI\RXUFKDPEHUORRNVRXWXSRQ

163

DNLQGRIRSHQJDOOHU\ZKHUHSDWUROVDUHFRQWLQXDOO\
SDVVLQJDQGVHQWULHVNHHSZDWFKGD\DQGQLJKW
$UH\RXTXLWHVXUHRIWKDW"
&HUWDLQ,VDZWKHVROGLHU
VVKDSHDQGWKHWRSRIKLV
PXVNHWWKDWPDGHPHGUDZLQP\KHDGVRTXLFNO\IRU,ZDV
IHDUIXOKHPLJKWDOVRVHHPH
:HOO"LQTXLUHG'DQWHV
<RXSHUFHLYHWKHQWKHXWWHULPSRVVLELOLW\RIHVFDSLQJ
WKURXJK\RXUGXQJHRQ"
7KHQSXUVXHGWKH\RXQJPDQHDJHUO\
7KHQDQVZHUHGWKHHOGHUSULVRQHUWKHZLOORI*RGEH
GRQHDQGDVWKHROGPDQVORZO\SURQRXQFHGWKRVHZRUGVDQ
DLURISURIRXQGUHVLJQDWLRQVSUHDGLWVHOIRYHUKLVFDUHZRUQ
FRXQWHQDQFH'DQWHVJD]HGRQWKHPDQZKRFRXOGWKXV
SKLORVRSKLFDOO\UHVLJQKRSHVVRORQJDQGDUGHQWO\QRXULVKHG
ZLWKDQDVWRQLVKPHQWPLQJOHGZLWKDGPLUDWLRQ
7HOOPH,HQWUHDWRI\RXZKRDQGZKDW\RXDUH"VDLGKH
DWOHQJWKQHYHUKDYH,PHWZLWKVRUHPDUNDEOHDSHUVRQDV
\RXUVHOI
:LOOLQJO\DQVZHUHGWKHVWUDQJHULILQGHHG\RXIHHO
DQ\FXULRVLW\UHVSHFWLQJRQHQRZDODVSRZHUOHVVWRDLG
\RXLQDQ\ZD\
6D\QRWVR\RXFDQFRQVROHDQGVXSSRUWPHE\WKHVWUHQJWK
RI\RXURZQSRZHUIXOPLQG3UD\OHWPHNQRZZKR\RXUHDOO\
DUH"
7KHVWUDQJHUVPLOHGDPHODQFKRO\VPLOH7KHQOLVWHQVDLG
KHODPWKH$EEH)DULDDQGKDYHEHHQLPSULVRQHGDV\RX
NQRZLQWKLV&KDWHDXG
,IVLQFHWKH\HDUSUHYLRXVO\WR
ZKLFK,KDGEHHQFRQILQHGIRUWKUHH\HDUVLQWKHIRUWUHVVRI
)HQHVWUHOOH,QWKH\HDU,ZDVWUDQVIHUUHGWR3LHGPRQW
LQ)UDQFH,WZDVDWWKLVSHULRG,OHDUQHGWKDWWKHGHVWLQ\
ZKLFKVHHPHGVXEVHUYLHQWWRHYHU\ZLVKIRUPHGE\1DSROHRQ
KDGEHVWRZHGRQKLPDVRQQDPHGNLQJRI5RPHHYHQLQKLV
FUDGOH,ZDVYHU\IDUWKHQIURPH[SHFWLQJWKHFKDQJH\RX

164

KDYHMXVWLQIRUPHGPHRIQDPHO\WKDWIRXU\HDUV
DIWHUZDUGVWKLVFRORVVXVRISRZHUZRXOGEHRYHUWKURZQ7KHQ
ZKRUHLJQVLQ)UDQFHDWWKLVPRPHQW1DSROHRQ,,"
1R/RXLV;9,,,
7KHEURWKHURI/RXLV;9,,+RZLQVFUXWDEOHDUHWKHZD\VRI
SURYLGHQFHIRUZKDWJUHDWDQGP\VWHULRXVSXUSRVHKDVLW
SOHDVHGKHDYHQWRDEDVHWKHPDQRQFHVRHOHYDWHGDQGUDLVH
XSKLPZKRZDVVRDEDVHG"
'DQWHVZKROHDWWHQWLRQZDVULYHWHGRQDPDQZKRFRXOGWKXV
IRUJHWKLVRZQPLVIRUWXQHVZKLOHRFFXS\LQJKLPVHOIZLWKWKH
GHVWLQLHVRIRWKHUV
<HV\HVFRQWLQXHGKH
7ZLOOEHWKHVDPHDVLWZDVLQ
(QJODQG$IWHU&KDUOHV,&URPZHOODIWHU&URPZHOO&KDUOHV
,,DQGWKHQ-DPHV,,DQGWKHQVRPHVRQLQODZRU
UHODWLRQVRPH3ULQFHRI2UDQJHDVWDGWKROGHUZKREHFRPHVD
NLQJ7KHQQHZFRQFHVVLRQVWRWKHSHRSOHWKHQD
FRQVWLWXWLRQWKHQOLEHUW\$KP\IULHQGVDLGWKHDEEH
WXUQLQJWRZDUGV'DQWHVDQGVXUYH\LQJKLPZLWKWKHNLQGOLQJ
JD]HRIDSURSKHW\RXDUH\RXQJ\RXZLOOVHHDOOWKLV
FRPHWRSDVV
3UREDEO\LIHYHU,JHWRXWRISULVRQ
7UXHUHSOLHG)DULDZHDUHSULVRQHUVEXW,IRUJHWWKLV
VRPHWLPHVDQGWKHUHDUHHYHQPRPHQWVZKHQP\PHQWDOYLVLRQ
WUDQVSRUWVPHEH\RQGWKHVHZDOOVDQG,IDQF\P\VHOIDW
OLEHUW\
%XWZKHUHIRUHDUH\RXKHUH"
%HFDXVHLQ,GUHDPHGRIWKHYHU\SODQ1DSROHRQWULHG
WRUHDOL]HLQEHFDXVHOLNH0DFKLDYHOOL,GHVLUHGWR
DOWHUWKHSROLWLFDOIDFHRI,WDO\DQGLQVWHDGRIDOORZLQJ
LWWREHVSOLWXSLQWRDTXDQWLW\RISHWW\SULQFLSDOLWLHV
HDFKKHOGE\VRPHZHDNRUW\UDQQLFDOUXOHU,VRXJKWWRIRUP
RQHODUJHFRPSDFWDQGSRZHUIXOHPSLUHDQGODVWO\
EHFDXVH,IDQFLHG,KDGIRXQGP\&DHVDU%RUJLDLQDFURZQHG
VLPSOHWRQZKRIHLJQHGWRHQWHULQWRP\YLHZVRQO\WREHWUD\
PH,WZDVWKHSODQRI$OH[DQGHU9,DQG&OHPHQW9,,EXW
LWZLOOQHYHUVXFFHHGQRZIRUWKH\DWWHPSWHGLW

165

IUXLWOHVVO\DQG1DSROHRQZDVXQDEOHWRFRPSOHWHKLVZRUN
,WDO\VHHPVIDWHGWRPLVIRUWXQH$QGWKHROGPDQERZHGKLV
KHDG
'DQWHVFRXOGQRWXQGHUVWDQGDPDQULVNLQJKLVOLIHIRUVXFK
PDWWHUV1DSROHRQFHUWDLQO\KHNQHZVRPHWKLQJRILQDVPXFK
DVKHKDGVHHQDQGVSRNHQZLWKKLPEXWRI&OHPHQW9,,DQG
$OH[DQGHU9,KHNQHZQRWKLQJ
$UH\RXQRWKHDVNHGWKHSULHVWZKRKHUHLQWKH&KDWHDX
G
,ILVJHQHUDOO\WKRXJKWWREHLOO"
0DG\RXPHDQGRQ
W\RX"
,GLGQRWOLNHWRVD\VRDQVZHUHG'DQWHVVPLOLQJ
:HOOWKHQUHVXPHG)DULDZLWKDELWWHUVPLOHOHWPH
DQVZHU\RXUTXHVWLRQLQIXOOE\DFNQRZOHGJLQJWKDW,DPWKH
SRRUPDGSULVRQHURIWKH&KDWHDXG
,IIRUPDQ\\HDUV
SHUPLWWHGWRDPXVHWKHGLIIHUHQWYLVLWRUVZLWKZKDWLVVDLG
WREHP\LQVDQLW\DQGLQDOOSUREDELOLW\,VKRXOGEH
SURPRWHGWRWKHKRQRURIPDNLQJVSRUWIRUWKHFKLOGUHQLI
VXFKLQQRFHQWEHLQJVFRXOGEHIRXQGLQDQDERGHGHYRWHGOLNH
WKLVWRVXIIHULQJDQGGHVSDLU
'DQWHVUHPDLQHGIRUDVKRUWWLPHPXWHDQGPRWLRQOHVVDW
OHQJWKKHVDLG7KHQ\RXDEDQGRQDOOKRSHRIHVFDSH"
,SHUFHLYHLWVXWWHULPSRVVLELOLW\DQG,FRQVLGHULW
LPSLRXVWRDWWHPSWWKDWZKLFKWKH$OPLJKW\HYLGHQWO\GRHV
QRWDSSURYH
1D\EHQRWGLVFRXUDJHG:RXOGLWQRWEHH[SHFWLQJWRRPXFK
WRKRSHWRVXFFHHGDW\RXUILUVWDWWHPSW":K\QRWWU\WR
ILQGDQRSHQLQJLQDQRWKHUGLUHFWLRQIURPWKDWZKLFKKDVVR
XQIRUWXQDWHO\IDLOHG"
$ODVLWVKRZVKRZOLWWOHQRWLRQ\RXFDQKDYHRIDOOLWKDV
FRVWPHWRHIIHFWDSXUSRVHVRXQH[SHFWHGO\IUXVWUDWHGWKDW
\RXWDONRIEHJLQQLQJRYHUDJDLQ,QWKHILUVWSODFH,ZDV
IRXU\HDUVPDNLQJWKHWRROV,SRVVHVVDQGKDYHEHHQWZR
\HDUVVFUDSLQJDQGGLJJLQJRXWHDUWKKDUGDVJUDQLWH
LWVHOIWKHQZKDWWRLODQGIDWLJXHKDVLWQRWEHHQWRUHPRYH
KXJHVWRQHV,VKRXOGRQFHKDYHGHHPHGLPSRVVLEOHWRORRVHQ

166

:KROHGD\VKDYH,SDVVHGLQWKHVH7LWDQLFHIIRUWV
FRQVLGHULQJP\ODERUZHOOUHSDLGLIE\QLJKWWLPH,KDG
FRQWULYHGWRFDUU\DZD\DVTXDUHLQFKRIWKLVKDUGERXQG
FHPHQWFKDQJHGE\DJHVLQWRDVXEVWDQFHXQ\LHOGLQJDVWKH
VWRQHVWKHPVHOYHVWKHQWRFRQFHDOWKHPDVVRIHDUWKDQG
UXEELVK,GXJXS,ZDVFRPSHOOHGWREUHDNWKURXJKD
VWDLUFDVHDQGWKURZWKHIUXLWVRIP\ODERULQWRWKHKROORZ
SDUWRILWEXWWKHZHOOLVQRZVRFRPSOHWHO\FKRNHGXS
WKDW,VFDUFHO\WKLQNLWZRXOGEHSRVVLEOHWRDGGDQRWKHU
KDQGIXORIGXVWZLWKRXWOHDGLQJWRGLVFRYHU\&RQVLGHUDOVR
WKDW,IXOO\EHOLHYHG,KDGDFFRPSOLVKHGWKHHQGDQGDLPRI
P\XQGHUWDNLQJIRUZKLFK,KDGVRH[DFWO\KXVEDQGHGP\
VWUHQJWKDVWRPDNHLWMXVWKROGRXWWRWKHWHUPLQDWLRQRI
P\HQWHUSULVHDQGQRZDWWKHPRPHQWZKHQ,UHFNRQHGXSRQ
VXFFHVVP\KRSHVDUHIRUHYHUGDVKHGIURPPH1R,UHSHDW
DJDLQWKDWQRWKLQJVKDOOLQGXFHPHWRUHQHZDWWHPSWV
HYLGHQWO\DWYDULDQFHZLWKWKH$OPLJKW\
VSOHDVXUH
'DQWHVKHOGGRZQKLVKHDGWKDWWKHRWKHUPLJKWQRWVHHKRZ
MR\DWWKHWKRXJKWRIKDYLQJDFRPSDQLRQRXWZHLJKHGWKH
V\PSDWK\KHIHOWIRUWKHIDLOXUHRIWKHDEEH
VSODQV
7KHDEEHVDQNXSRQ(GPRQG
VEHGZKLOH(GPRQGKLPVHOI
UHPDLQHGVWDQGLQJ(VFDSHKDGQHYHURQFHRFFXUUHGWRKLP
7KHUHDUHLQGHHGVRPHWKLQJVZKLFKDSSHDUVRLPSRVVLEOH
WKDWWKHPLQGGRHVQRWGZHOORQWKHPIRUDQLQVWDQW7R
XQGHUPLQHWKHJURXQGIRUILIW\IHHWWRGHYRWHWKUHH\HDUV
WRDODERUZKLFKLIVXFFHVVIXOZRXOGFRQGXFW\RXWRD
SUHFLSLFHRYHUKDQJLQJWKHVHDWRSOXQJHLQWRWKHZDYHV
IURPWKHKHLJKWRIILIW\VL[W\SHUKDSVDKXQGUHGIHHWDW
WKHULVNRIEHLQJGDVKHGWRSLHFHVDJDLQVWWKHURFNVVKRXOG
\RXKDYHEHHQIRUWXQDWHHQRXJKWRKDYHHVFDSHGWKHILUHRI
WKHVHQWLQHOVDQGHYHQVXSSRVLQJDOOWKHVHSHULOVSDVW
WKHQWRKDYHWRVZLPIRU\RXUOLIHDGLVWDQFHRIDWOHDVW
WKUHHPLOHVHUH\RXFRXOGUHDFKWKHVKRUHZHUH
GLIILFXOWLHVVRVWDUWOLQJDQGIRUPLGDEOHWKDW'DQWHVKDG
QHYHUHYHQGUHDPHGRIVXFKDVFKHPHUHVLJQLQJKLPVHOI
UDWKHUWRGHDWK%XWWKHVLJKWRIDQROGPDQFOLQJLQJWR
OLIHZLWKVRGHVSHUDWHDFRXUDJHJDYHDIUHVKWXUQWRKLV
LGHDVDQGLQVSLUHGKLPZLWKQHZFRXUDJH$QRWKHUROGHUDQG
OHVVVWURQJWKDQKHKDGDWWHPSWHGZKDWKHKDGQRWKDG
VXIILFLHQWUHVROXWLRQWRXQGHUWDNHDQGKDGIDLOHGRQO\
EHFDXVHRIDQHUURULQFDOFXODWLRQ7KLVVDPHSHUVRQZLWK
DOPRVWLQFUHGLEOHSDWLHQFHDQGSHUVHYHUDQFHKDGFRQWULYHG

167

WRSURYLGHKLPVHOIZLWKWRROVUHTXLVLWHIRUVRXQSDUDOOHOHG
DQDWWHPSW$QRWKHUKDGGRQHDOOWKLVZK\WKHQZDVLW
LPSRVVLEOHWR'DQWHV")DULDKDGGXJKLVZD\WKURXJKILIW\
IHHW'DQWHVZRXOGGLJDKXQGUHG)DULDDWWKHDJHRI
ILIW\KDGGHYRWHGWKUHH\HDUVWRWKHWDVNKHZKRZDVEXW
KDOIDVROGZRXOGVDFULILFHVL[)DULDDSULHVWDQG
VDYDQWKDGQRWVKUXQNIURPWKHLGHDRIULVNLQJKLVOLIHE\
WU\LQJWRVZLPDGLVWDQFHRIWKUHHPLOHVWRRQHRIWKH
LVODQGV'DXPH5DWWRQQHDXRU/HPDLUHVKRXOGDKDUG\
VDLOHUDQH[SHULHQFHGGLYHUOLNHKLPVHOIVKULQNIURPD
VLPLODUWDVNVKRXOGKHZKRKDGVRRIWHQIRUPHUH
DPXVHPHQW
VVDNHSOXQJHGWRWKHERWWRPRIWKHVHDWRIHWFK
XSWKHEULJKWFRUDOEUDQFKKHVLWDWHWRHQWHUWDLQWKHVDPH
SURMHFW"+HFRXOGGRLWLQDQKRXUDQGKRZPDQ\WLPHVKDG
KHIRUSXUHSDVWLPHFRQWLQXHGLQWKHZDWHUIRUPRUHWKDQ
WZLFHDVORQJ$WRQFH'DQWHVUHVROYHGWRIROORZWKHEUDYH
H[DPSOHRIKLVHQHUJHWLFFRPSDQLRQDQGWRUHPHPEHUWKDW
ZKDWKDVRQFHEHHQGRQHPD\EHGRQHDJDLQ
$IWHUFRQWLQXLQJVRPHWLPHLQSURIRXQGPHGLWDWLRQWKH\RXQJ
PDQVXGGHQO\H[FODLPHG,KDYHIRXQGZKDW\RXZHUHLQ
VHDUFKRI
)DULDVWDUWHG+DYH\RXLQGHHG"FULHGKHUDLVLQJKLV
KHDGZLWKTXLFNDQ[LHW\SUD\OHWPHNQRZZKDWLWLV\RX
KDYHGLVFRYHUHG"
7KHFRUULGRUWKURXJKZKLFK\RXKDYHERUHG\RXUZD\IURPWKH
FHOO\RXRFFXS\KHUHH[WHQGVLQWKHVDPHGLUHFWLRQDVWKH
RXWHUJDOOHU\GRHVLWQRW"
,WGRHV
$QGLVQRWDERYHILIWHHQIHHWIURPLW"
$ERXWWKDW
:HOOWKHQ,ZLOOWHOO\RXZKDWZHPXVWGR:HPXVWSLHUFH
WKURXJKWKHFRUULGRUE\IRUPLQJDVLGHRSHQLQJDERXWWKH
PLGGOHDVLWZHUHWKHWRSSDUWRIDFURVV7KLVWLPH\RX
ZLOOOD\\RXUSODQVPRUHDFFXUDWHO\ZHVKDOOJHWRXWLQWR
WKHJDOOHU\\RXKDYHGHVFULEHGNLOOWKHVHQWLQHOZKRJXDUGV
LWDQGPDNHRXUHVFDSH$OOZHUHTXLUHWRLQVXUHVXFFHVVLV
FRXUDJHDQGWKDW\RXSRVVHVVDQGVWUHQJWKZKLFK,DPQRW

168

GHILFLHQWLQDVIRUSDWLHQFH\RXKDYHDEXQGDQWO\SURYHG
\RXUV\RXVKDOOQRZVHHPHSURYHPLQH
2QHLQVWDQWP\GHDUIULHQGUHSOLHGWKHDEEHLWLV
FOHDU\RXGRQRWXQGHUVWDQGWKHQDWXUHRIWKHFRXUDJHZLWK
ZKLFK,DPHQGRZHGDQGZKDWXVH,LQWHQGPDNLQJRIP\
VWUHQJWK$VIRUSDWLHQFH,FRQVLGHUWKDW,KDYHDEXQGDQWO\
H[HUFLVHGWKDWLQEHJLQQLQJHYHU\PRUQLQJWKHWDVNRIWKH
QLJKWEHIRUHDQGHYHU\QLJKWUHQHZLQJWKHWDVNRIWKHGD\
%XWWKHQ\RXQJPDQ DQG,SUD\RI\RXWRJLYHPH\RXUIXOO
DWWHQWLRQ WKHQ,WKRXJKW,FRXOGQRWEHGRLQJDQ\WKLQJ
GLVSOHDVLQJWRWKH$OPLJKW\LQWU\LQJWRVHWDQLQQRFHQW
EHLQJDWOLEHUW\RQHZKRKDGFRPPLWWHGQRRIIHQFHDQG
PHULWHGQRWFRQGHPQDWLRQ
$QGKDYH\RXUQRWLRQVFKDQJHG"DVNHG'DQWHVZLWKPXFK
VXUSULVHGR\RXWKLQN\RXUVHOIPRUHJXLOW\LQPDNLQJWKH
DWWHPSWVLQFH\RXKDYHHQFRXQWHUHGPH"
1RQHLWKHUGR,ZLVKWRLQFXUJXLOW+LWKHUWR,KDYH
IDQFLHGP\VHOIPHUHO\ZDJLQJZDUDJDLQVWFLUFXPVWDQFHVQRW
PHQ,KDYHWKRXJKWLWQRVLQWRERUHWKURXJKDZDOORU
GHVWUR\DVWDLUFDVHEXW,FDQQRWVRHDVLO\SHUVXDGHP\VHOI
WRSLHUFHDKHDUWRUWDNHDZD\DOLIH$VOLJKWPRYHPHQWRI
VXUSULVHHVFDSHG'DQWHV
,VLWSRVVLEOHVDLGKHWKDWZKHUH\RXUOLEHUW\LVDW
VWDNH\RXFDQDOORZDQ\VXFKVFUXSOHWRGHWHU\RXIURP
REWDLQLQJLW"
7HOOPHUHSOLHG)DULDZKDWKDVKLQGHUHG\RXIURP
NQRFNLQJGRZQ\RXUMDLOHUZLWKDSLHFHRIZRRGWRUQIURP
\RXUEHGVWHDGGUHVVLQJ\RXUVHOILQKLVFORWKHVDQG
HQGHDYRULQJWRHVFDSH"
6LPSO\WKHIDFWWKDWWKHLGHDQHYHURFFXUUHGWRPH
DQVZHUHG'DQWHV
%HFDXVHVDLGWKHROGPDQWKHQDWXUDOUHSXJQDQFHWRWKH
FRPPLVVLRQRIVXFKDFULPHSUHYHQWHG\RXIURPWKLQNLQJRI
LWDQGVRLWHYHULVEHFDXVHLQVLPSOHDQGDOORZDEOHWKLQJV
RXUQDWXUDOLQVWLQFWVNHHSXVIURPGHYLDWLQJIURPWKHVWULFW
OLQHRIGXW\7KHWLJHUZKRVHQDWXUHWHDFKHVKLPWRGHOLJKW
LQVKHGGLQJEORRGQHHGVEXWWKHVHQVHRIVPHOOWRVKRZKLP

169

ZKHQKLVSUH\LVZLWKLQKLVUHDFKDQGE\IROORZLQJWKLV
LQVWLQFWKHLVHQDEOHGWRPHDVXUHWKHOHDSQHFHVVDU\WR
SHUPLWKLPWRVSULQJRQKLVYLFWLPEXWPDQRQWKH
FRQWUDU\ORDWKHVWKHLGHDRIEORRGLWLVQRWDORQHWKDW
WKHODZVRIVRFLDOOLIHLQVSLUHKLPZLWKDVKULQNLQJGUHDG
RIWDNLQJOLIHKLVQDWXUDOFRQVWUXFWLRQDQGSK\VLRORJLFDO
IRUPDWLRQ
'DQWHVZDVFRQIXVHGDQGVLOHQWDWWKLVH[SODQDWLRQRIWKH
WKRXJKWVZKLFKKDGXQFRQVFLRXVO\EHHQZRUNLQJLQKLVPLQG
RUUDWKHUVRXOIRUWKHUHDUHWZRGLVWLQFWVRUWVRILGHDV
WKRVHWKDWSURFHHGIURPWKHKHDGDQGWKRVHWKDWHPDQDWHIURP
WKHKHDUW
6LQFHP\LPSULVRQPHQWVDLG)DULD,KDYHWKRXJKWRYHU
DOOWKHPRVWFHOHEUDWHGFDVHVRIHVFDSHRQUHFRUG7KH\KDYH
UDUHO\EHHQVXFFHVVIXO7KRVHWKDWKDYHEHHQFURZQHGZLWK
IXOOVXFFHVVKDYHEHHQORQJPHGLWDWHGXSRQDQGFDUHIXOO\
DUUDQJHGVXFKIRULQVWDQFHDVWKHHVFDSHRIWKH'XFGH
%HDXIRUWIURPWKH&KDWHDXGH9LQFHQQHVWKDWRIWKH$EEH
'XEXTXRLIURP)RUO
(YHTXHRI/DWXGHIURPWKH%DVWLOOH
7KHQWKHUHDUHWKRVHIRUZKLFKFKDQFHVRPHWLPHVDIIRUGV
RSSRUWXQLW\DQGWKRVHDUHWKHEHVWRIDOO/HWXV
WKHUHIRUHZDLWSDWLHQWO\IRUVRPHIDYRUDEOHPRPHQWDQG
ZKHQLWSUHVHQWVLWVHOISURILWE\LW
$KVDLG'DQWHV\RXPLJKWZHOOHQGXUHWKHWHGLRXVGHOD\
\RXZHUHFRQVWDQWO\HPSOR\HGLQWKHWDVN\RXVHW\RXUVHOI
DQGZKHQZHDU\ZLWKWRLO\RXKDG\RXUKRSHVWRUHIUHVKDQG
HQFRXUDJH\RX
,DVVXUH\RXUHSOLHGWKHROGPDQ,GLGQRWWXUQWRWKDW
VRXUFHIRUUHFUHDWLRQRUVXSSRUW
:KDWGLG\RXGRWKHQ"
,ZURWHRUVWXGLHG
:HUH\RXWKHQSHUPLWWHGWKHXVHRISHQVLQNDQGSDSHU"
2KQRDQVZHUHGWKHDEEH,KDGQRQHEXWZKDW,PDGHIRU
P\VHOI
<RXPDGHSDSHUSHQVDQGLQN"

170

<HV
'DQWHVJD]HGZLWKDGPLUDWLRQEXWKHKDGVRPHGLIILFXOW\LQ
EHOLHYLQJ)DULDVDZWKLV
:KHQ\RXSD\PHDYLVLWLQP\FHOOP\\RXQJIULHQGVDLG
KH,ZLOOVKRZ\RXDQHQWLUHZRUNWKHIUXLWVRIWKH
WKRXJKWVDQGUHIOHFWLRQVRIP\ZKROHOLIHPDQ\RIWKHP
PHGLWDWHGRYHULQWKHVKDGHVRIWKH&RORVHXPDW5RPHDWWKH
IRRWRI6W0DUN
VFROXPQDW9HQLFHDQGRQWKHERUGHUVRI
WKH$UQRDW)ORUHQFHOLWWOHLPDJLQLQJDWWKHWLPHWKDWWKH\
ZRXOGEHDUUDQJHGLQRUGHUZLWKLQWKHZDOOVRIWKH&KDWHDX
G
,I7KHZRUN,VSHDNRILVFDOOHGC$7UHDWLVHRQWKH
3RVVLELOLW\RID*HQHUDO0RQDUFK\LQ,WDO\
DQGZLOOPDNH
RQHODUJHTXDUWRYROXPH
$QGRQZKDWKDYH\RXZULWWHQDOOWKLV"
2QWZRRIP\VKLUWV,LQYHQWHGDSUHSDUDWLRQWKDWPDNHV
OLQHQDVVPRRWKDQGDVHDV\WRZULWHRQDVSDUFKPHQW
<RXDUHWKHQDFKHPLVW"
6RPHZKDW,NQRZ/DYRLVLHUDQGZDVWKHLQWLPDWHIULHQGRI
&DEDQLV
%XWIRUVXFKDZRUN\RXPXVWKDYHQHHGHGERRNVKDG\RX
DQ\"
,KDGQHDUO\ILYHWKRXVDQGYROXPHVLQP\OLEUDU\DW5RPH
EXWDIWHUUHDGLQJWKHPRYHUPDQ\WLPHV,IRXQGRXWWKDW
ZLWKRQHKXQGUHGDQGILIW\ZHOOFKRVHQERRNVDPDQ
SRVVHVVHVLIQRWDFRPSOHWHVXPPDU\RIDOOKXPDQNQRZOHGJH
DWOHDVWDOOWKDWDPDQQHHGUHDOO\NQRZ,GHYRWHGWKUHH
\HDUVRIP\OLIHWRUHDGLQJDQGVWXG\LQJWKHVHRQHKXQGUHG
DQGILIW\YROXPHVWLOO,NQHZWKHPQHDUO\E\KHDUWVRWKDW
VLQFH,KDYHEHHQLQSULVRQDYHU\VOLJKWHIIRUWRIPHPRU\
KDVHQDEOHGPHWRUHFDOOWKHLUFRQWHQWVDVUHDGLO\DVWKRXJK
WKHSDJHVZHUHRSHQEHIRUHPH,FRXOGUHFLWH\RXWKHZKROH
RI7KXF\GLGHV;HQRSKRQ3OXWDUFK7LWXV/LYLXV7DFLWXV
6WUDGD-RUQDQGHV'DQWH0RQWDLJQH6KDNVSHDUH6SLQR]D
0DFKLDYHOOLDQG%RVVXHW,QDPHRQO\WKHPRVWLPSRUWDQW

171

<RXDUHGRXEWOHVVDFTXDLQWHGZLWKDYDULHW\RIODQJXDJHV
VRDVWRKDYHEHHQDEOHWRUHDGDOOWKHVH"
<HV,VSHDNILYHRIWKHPRGHUQWRQJXHVWKDWLVWRVD\
*HUPDQ)UHQFK,WDOLDQ(QJOLVKDQG6SDQLVKE\WKHDLGRI
DQFLHQW*UHHN,OHDUQHGPRGHUQ*UHHN,GRQ
WVSHDNLWVR
ZHOODV,FRXOGZLVKEXW,DPVWLOOWU\LQJWRLPSURYH
P\VHOI
,PSURYH\RXUVHOIUHSHDWHG'DQWHVZK\KRZFDQ\RX
PDQDJHWRGRVR"
:K\,PDGHDYRFDEXODU\RIWKHZRUGV,NQHZWXUQHG
UHWXUQHGDQGDUUDQJHGWKHPVRDVWRHQDEOHPHWRH[SUHVV
P\WKRXJKWVWKURXJKWKHLUPHGLXP,NQRZQHDUO\RQHWKRXVDQG
ZRUGVZKLFKLVDOOWKDWLVDEVROXWHO\QHFHVVDU\DOWKRXJK,
EHOLHYHWKHUHDUHQHDUO\RQHKXQGUHGWKRXVDQGLQWKH
GLFWLRQDULHV,FDQQRWKRSHWREHYHU\IOXHQWEXW,
FHUWDLQO\VKRXOGKDYHQRGLIILFXOW\LQH[SODLQLQJP\ZDQWV
DQGZLVKHVDQGWKDWZRXOGEHTXLWHDVPXFKDV,VKRXOGHYHU
UHTXLUH
6WURQJHUJUHZWKHZRQGHURI'DQWHVZKRDOPRVWIDQFLHGKH
KDGWRGRZLWKRQHJLIWHGZLWKVXSHUQDWXUDOSRZHUVVWLOO
KRSLQJWRILQGVRPHLPSHUIHFWLRQZKLFKPLJKWEULQJKLPGRZQ
WRDOHYHOZLWKKXPDQEHLQJVKHDGGHG7KHQLI\RXZHUH
QRWIXUQLVKHGZLWKSHQVKRZGLG\RXPDQDJHWRZULWHWKH
ZRUN\RXVSHDNRI"
,PDGHP\VHOIVRPHH[FHOOHQWRQHVZKLFKZRXOGEH
XQLYHUVDOO\SUHIHUUHGWRDOORWKHUVLIRQFHNQRZQ<RXDUH
DZDUHZKDWKXJHZKLWLQJVDUHVHUYHGWRXVRQPDLJUHGD\V
:HOO,VHOHFWHGWKHFDUWLODJHVRIWKHKHDGVRIWKHVH
ILVKHVDQG\RXFDQVFDUFHO\LPDJLQHWKHGHOLJKWZLWKZKLFK
,ZHOFRPHGWKHDUULYDORIHDFK:HGQHVGD\)ULGD\DQG
6DWXUGD\DVDIIRUGLQJPHWKHPHDQVRILQFUHDVLQJP\VWRFN
RISHQVIRU,ZLOOIUHHO\FRQIHVVWKDWP\KLVWRULFDOODERUV
KDYHEHHQP\JUHDWHVWVRODFHDQGUHOLHI:KLOHUHWUDFLQJWKH
SDVW,IRUJHWWKHSUHVHQWDQGWUDYHUVLQJDWZLOOWKHSDWK
RIKLVWRU\,FHDVHWRUHPHPEHUWKDW,DPP\VHOIDSULVRQHU
%XWWKHLQNVDLG'DQWHVRIZKDWGLG\RXPDNH\RXULQN"
7KHUHZDVIRUPHUO\DILUHSODFHLQP\GXQJHRQUHSOLHG

172

)DULDEXWLWZDVFORVHGXSORQJHUH,EHFDPHDQRFFXSDQW
RIWKLVSULVRQ6WLOOLWPXVWKDYHEHHQPDQ\\HDUVLQXVH
IRULWZDVWKLFNO\FRYHUHGZLWKDFRDWLQJRIVRRWWKLVVRRW
,GLVVROYHGLQDSRUWLRQRIWKHZLQHEURXJKWWRPHHYHU\
6XQGD\DQG,DVVXUH\RXDEHWWHULQNFDQQRWEHGHVLUHG)RU
YHU\LPSRUWDQWQRWHVIRUZKLFKFORVHUDWWHQWLRQLV
UHTXLUHG,SULFNHGRQHRIP\ILQJHUVDQGZURWHZLWKP\RZQ
EORRG
$QGZKHQDVNHG'DQWHVPD\,VHHDOOWKLV"
:KHQHYHU\RXSOHDVHUHSOLHGWKHDEEH
2KWKHQOHWLWEHGLUHFWO\H[FODLPHGWKH\RXQJPDQ
)ROORZPHWKHQVDLGWKHDEEHDVKHUHHQWHUHGWKH
VXEWHUUDQHDQSDVVDJHLQZKLFKKHVRRQGLVDSSHDUHGIROORZHG
E\'DQWHV

&KDSWHU
7KH$EEH
V&KDPEHU
$IWHUKDYLQJSDVVHGZLWKWROHUDEOHHDVHWKURXJKWKH
VXEWHUUDQHDQSDVVDJHZKLFKKRZHYHUGLGQRWDGPLWRIWKHLU
KROGLQJWKHPVHOYHVHUHFWWKHWZRIULHQGVUHDFKHGWKH
IXUWKHUHQGRIWKHFRUULGRULQWRZKLFKWKHDEEH
VFHOO
RSHQHGIURPWKDWSRLQWWKHSDVVDJHEHFDPHPXFKQDUURZHU
DQGEDUHO\SHUPLWWHGRQHWRFUHHSWKURXJKRQKDQGVDQG
NQHHV7KHIORRURIWKHDEEH
VFHOOZDVSDYHGDQGLWKDG
EHHQE\UDLVLQJRQHRIWKHVWRQHVLQWKHPRVWREVFXUHFRUQHU
WKDW)DULDKDGWREHHQDEOHWRFRPPHQFHWKHODERULRXVWDVN
RIZKLFK'DQWHVKDGZLWQHVVHGWKHFRPSOHWLRQ
$VKHHQWHUHGWKHFKDPEHURIKLVIULHQG'DQWHVFDVWDURXQG
RQHHDJHUDQGVHDUFKLQJJODQFHLQTXHVWRIWKHH[SHFWHG
PDUYHOVEXWQRWKLQJPRUHWKDQFRPPRQPHWKLVYLHZ
,WLVZHOOVDLGWKHDEEHZHKDYHVRPHKRXUVEHIRUHXV
LWLVQRZMXVWDTXDUWHUSDVWWZHOYHR
FORFN
,QVWLQFWLYHO\'DQWHVWXUQHGURXQGWRREVHUYHE\ZKDWZDWFK
RUFORFNWKHDEEHKDGEHHQDEOHVRDFFXUDWHO\WRVSHFLI\WKH
KRXU

173

/RRNDWWKLVUD\RIOLJKWZKLFKHQWHUVE\P\ZLQGRZVDLG
WKHDEEHDQGWKHQREVHUYHWKHOLQHVWUDFHGRQWKHZDOO
:HOOE\PHDQVRIWKHVHOLQHVZKLFKDUHLQDFFRUGDQFHZLWK
WKHGRXEOHPRWLRQRIWKHHDUWKDQGWKHHOOLSVHLWGHVFULEHV
URXQGWKHVXQ,DPHQDEOHGWRDVFHUWDLQWKHSUHFLVHKRXU
ZLWKPRUHPLQXWHQHVVWKDQLI,SRVVHVVHGDZDWFKIRUWKDW
PLJKWEHEURNHQRUGHUDQJHGLQLWVPRYHPHQWVZKLOHWKHVXQ
DQGHDUWKQHYHUYDU\LQWKHLUDSSRLQWHGSDWKV
7KLVODVWH[SODQDWLRQZDVZKROO\ORVWXSRQ'DQWHVZKRKDG
DOZD\VLPDJLQHGIURPVHHLQJWKHVXQULVHIURPEHKLQGWKH
PRXQWDLQVDQGVHWLQWKH0HGLWHUUDQHDQWKDWLWPRYHGDQG
QRWWKHHDUWK$GRXEOHPRYHPHQWRIWKHJOREHKHLQKDELWHG
DQGRIZKLFKKHFRXOGIHHOQRWKLQJDSSHDUHGWRKLP
SHUIHFWO\LPSRVVLEOH(DFKZRUGWKDWIHOOIURPKLV
FRPSDQLRQ
VOLSVVHHPHGIUDXJKWZLWKWKHP\VWHULHVRI
VFLHQFHDVZRUWK\RIGLJJLQJRXWDVWKHJROGDQGGLDPRQGV
LQWKHPLQHVRI*X]HUDWDQG*ROFRQGDZKLFKKHFRXOGMXVW
UHFROOHFWKDYLQJYLVLWHGGXULQJDYR\DJHPDGHLQKLV
HDUOLHVW\RXWK
&RPHVDLGKHWRWKHDEEH,DPDQ[LRXVWRVHH\RXU
WUHDVXUHV
7KHDEEHVPLOHGDQGSURFHHGLQJWRWKHGLVXVHGILUHSODFH
UDLVHGE\WKHKHOSRIKLVFKLVHODORQJVWRQHZKLFKKDG
GRXEWOHVVEHHQWKHKHDUWKEHQHDWKZKLFKZDVDFDYLW\RI
FRQVLGHUDEOHGHSWKVHUYLQJDVDVDIHGHSRVLWRU\RIWKH
DUWLFOHVPHQWLRQHGWR'DQWHV
:KDWGR\RXZLVKWRVHHILUVW"DVNHGWKHDEEH
2K\RXUJUHDWZRUNRQWKHPRQDUFK\RI,WDO\
)DULDWKHQGUHZIRUWKIURPKLVKLGLQJSODFHWKUHHRUIRXU
UROOVRIOLQHQODLGRQHRYHUWKHRWKHUOLNHIROGVRI
SDS\UXV7KHVHUROOVFRQVLVWHGRIVOLSVRIFORWKDERXWIRXU
LQFKHVZLGHDQGHLJKWHHQORQJWKH\ZHUHDOOFDUHIXOO\
QXPEHUHGDQGFORVHO\FRYHUHGZLWKZULWLQJVROHJLEOHWKDW
'DQWHVFRXOGHDVLO\UHDGLWDVZHOODVPDNHRXWWKHVHQVH
LWEHLQJLQ,WDOLDQDODQJXDJHKHDVD3URYHQFDO
SHUIHFWO\XQGHUVWRRG

174

7KHUHVDLGKHWKHUHLVWKHZRUNFRPSOHWH,ZURWHWKH
ZRUGILQLVDWWKHHQGRIWKHVL[W\HLJKWKVWULSDERXWDZHHN
DJR,KDYHWRUQXSWZRRIP\VKLUWVDQGDVPDQ\
KDQGNHUFKLHIVDV,ZDVPDVWHURIWRFRPSOHWHWKHSUHFLRXV
SDJHV6KRXOG,HYHUJHWRXWRISULVRQDQGILQGLQDOO,WDO\
DSULQWHUFRXUDJHRXVHQRXJKWRSXEOLVKZKDW,KDYHFRPSRVHG
P\OLWHUDU\UHSXWDWLRQLVIRUHYHUVHFXUHG
,VHHDQVZHUHG'DQWHV1RZOHWPHEHKROGWKHFXULRXV
SHQVZLWKZKLFK\RXKDYHZULWWHQ\RXUZRUN
/RRNVDLG)DULDVKRZLQJWRWKH\RXQJPDQDVOHQGHUVWLFN
DERXWVL[LQFKHVORQJDQGPXFKUHVHPEOLQJWKHVL]HRIWKH
KDQGOHRIDILQHSDLQWLQJEUXVKWRWKHHQGRIZKLFKZDV
WLHGE\DSLHFHRIWKUHDGRQHRIWKRVHFDUWLODJHVRIZKLFK
WKHDEEHKDGEHIRUHVSRNHQWR'DQWHVLWZDVSRLQWHGDQG
GLYLGHGDWWKHQLEOLNHDQRUGLQDU\SHQ'DQWHVH[DPLQHGLW
ZLWKLQWHQVHDGPLUDWLRQWKHQORRNHGDURXQGWRVHHWKH
LQVWUXPHQWZLWKZKLFKLWKDGEHHQVKDSHGVRFRUUHFWO\LQWR
IRUP
$K\HVVDLG)DULDWKHSHQNQLIH7KDW
VP\PDVWHUSLHFH
,PDGHLWDVZHOODVWKLVODUJHUNQLIHRXWRIDQROGLURQ
FDQGOHVWLFN7KHSHQNQLIHZDVVKDUSDQGNHHQDVDUD]RUDV
IRUWKHRWKHUNQLIHLWZRXOGVHUYHDGRXEOHSXUSRVHDQG
ZLWKLWRQHFRXOGFXWDQGWKUXVW
'DQWHVH[DPLQHGWKHYDULRXVDUWLFOHVVKRZQWRKLPZLWKWKH
VDPHDWWHQWLRQWKDWKHKDGEHVWRZHGRQWKHFXULRVLWLHVDQG
VWUDQJHWRROVH[KLELWHGLQWKHVKRSVDW0DUVHLOOHVDVWKH
ZRUNVRIWKHVDYDJHVLQWKH6RXWK6HDVIURPZKHQFHWKH\KDG
EHHQEURXJKWE\WKHGLIIHUHQWWUDGLQJYHVVHOV
$VIRUWKHLQNVDLG)DULD,WROG\RXKRZ,PDQDJHGWR
REWDLQWKDWDQG,RQO\MXVWPDNHLWIURPWLPHWRWLPHDV
,UHTXLUHLW
2QHWKLQJVWLOOSX]]OHVPHREVHUYHG'DQWHVDQGWKDWLV
KRZ\RXPDQDJHGWRGRDOOWKLVE\GD\OLJKW"
,ZRUNHGDWQLJKWDOVRUHSOLHG)DULD
1LJKWZK\IRUKHDYHQ
VVDNHDUH\RXUH\HVOLNHFDWV

WKDW\RXFDQVHHWRZRUNLQWKHGDUN"

175

,QGHHGWKH\DUHQRWEXW*RGKLVVXSSOLHGPDQZLWKWKH
LQWHOOLJHQFHWKDWHQDEOHVKLPWRRYHUFRPHWKHOLPLWDWLRQVRI
QDWXUDOFRQGLWLRQV,IXUQLVKHGP\VHOIZLWKDOLJKW
<RXGLG"3UD\WHOOPHKRZ
OVHSDUDWHGWKHIDWIURPWKHPHDWVHUYHGWRPHPHOWHGLW
DQGVRPDGHRLOKHUHLVP\ODPS6RVD\LQJWKHDEEH
H[KLELWHGDVRUWRIWRUFKYHU\VLPLODUWRWKRVHXVHGLQ
SXEOLFLOOXPLQDWLRQV
%XWOLJKW"
+HUHDUHWZRIOLQWVDQGDSLHFHRIEXUQWOLQHQ
$QGPDWFKHV"
,SUHWHQGHGWKDW,KDGDGLVRUGHURIWKHVNLQDQGDVNHG
IRUDOLWWOHVXOSKXUZKLFKZDVUHDGLO\VXSSOLHG'DQWHV
ODLGWKHGLIIHUHQWWKLQJVKHKDGEHHQORRNLQJDWRQWKH
WDEOHDQGVWRRGZLWKKLVKHDGGURRSLQJRQKLVEUHDVWDV
WKRXJKRYHUZKHOPHGE\WKHSHUVHYHUDQFHDQGVWUHQJWKRI
)DULD
VPLQG
<RXKDYHQRWVHHQDOO\HWFRQWLQXHG)DULDIRU,GLGQRW
WKLQNLWZLVHWRWUXVWDOOP\WUHDVXUHVLQWKHVDPH
KLGLQJSODFH/HWXVVKXWWKLVRQHXS7KH\SXWWKHVWRQH
EDFNLQLWVSODFHWKHDEEHVSULQNOHGDOLWWOHGXVWRYHULW
WRFRQFHDOWKHWUDFHVRILWVKDYLQJEHHQUHPRYHGUXEEHGKLV
IRRWZHOORQLWWRPDNHLWDVVXPHWKHVDPHDSSHDUDQFHDVWKH
RWKHUDQGWKHQJRLQJWRZDUGVKLVEHGKHUHPRYHGLWIURP
WKHVSRWLWVWRRGLQ%HKLQGWKHKHDGRIWKHEHGDQG
FRQFHDOHGE\DVWRQHILWWLQJLQVRFORVHO\DVWRGHI\DOO
VXVSLFLRQZDVDKROORZVSDFHDQGLQWKLVVSDFHDODGGHURI
FRUGVEHWZHHQWZHQW\ILYHDQGWKLUW\IHHWLQOHQJWK'DQWHV
FORVHO\DQGHDJHUO\H[DPLQHGLWKHIRXQGLWILUPVROLG
DQGFRPSDFWHQRXJKWREHDUDQ\ZHLJKW
:KRVXSSOLHG\RXZLWKWKHPDWHULDOVIRUPDNLQJWKLV
ZRQGHUIXOZRUN"
,WRUHXSVHYHUDORIP\VKLUWVDQGULSSHGRXWWKHVHDPVLQ
WKHVKHHWVRIP\EHGGXULQJP\WKUHH\HDUV
LPSULVRQPHQWDW

176

)HQHVWUHOOHDQGZKHQ,ZDVUHPRYHGWRWKH&KDWHDXG
,I,
PDQDJHGWREULQJWKHUDYHOOLQJVZLWKPHVRWKDW,KDYHEHHQ
DEOHWRILQLVKP\ZRUNKHUH
$QGZDVLWQRWGLVFRYHUHGWKDW\RXUVKHHWVZHUHXQKHPPHG"
2KQRIRUZKHQ,KDGWDNHQRXWWKHWKUHDG,UHTXLUHG,
KHPPHGWKHHGJHVRYHUDJDLQ
:LWKZKDW"
:LWKWKLVQHHGOHVDLGWKHDEEHDVRSHQLQJKLVUDJJHG
YHVWPHQWVKHVKRZHG'DQWHVDORQJVKDUSILVKERQHZLWKD
VPDOOSHUIRUDWHGH\HIRUWKHWKUHDGDVPDOOSRUWLRQRI
ZKLFKVWLOOUHPDLQHGLQLW,RQFHWKRXJKWFRQWLQXHG
)DULDRIUHPRYLQJWKHVHLURQEDUVDQGOHWWLQJP\VHOIGRZQ
IURPWKHZLQGRZZKLFKDV\RXVHHLVVRPHZKDWZLGHUWKDQ
\RXUVDOWKRXJK,VKRXOGKDYHHQODUJHGLWVWLOOPRUH
SUHSDUDWRU\WRP\IOLJKWKRZHYHU,GLVFRYHUHGWKDW,
VKRXOGPHUHO\KDYHGURSSHGLQWRDVRUWRILQQHUFRXUWDQG,
WKHUHIRUHUHQRXQFHGWKHSURMHFWDOWRJHWKHUDVWRRIXOORI
ULVNDQGGDQJHU1HYHUWKHOHVV,FDUHIXOO\SUHVHUYHGP\
ODGGHUDJDLQVWRQHRIWKRVHXQIRUHVHHQRSSRUWXQLWLHVRI
ZKLFK,VSRNHMXVWQRZDQGZKLFKVXGGHQFKDQFHIUHTXHQWO\
EULQJVDERXW:KLOHDIIHFWLQJWREHGHHSO\HQJDJHGLQ
H[DPLQLQJWKHODGGHUWKHPLQGRI'DQWHVZDVLQIDFW
EXVLO\RFFXSLHGE\WKHLGHDWKDWDSHUVRQVRLQWHOOLJHQW
LQJHQLRXVDQGFOHDUVLJKWHGDVWKHDEEHPLJKWSUREDEO\EH
DEOHWRVROYHWKHGDUNP\VWHU\RIKLVRZQPLVIRUWXQHVZKHUH
KHKLPVHOIFRXOGVHHQRWKLQJ
:KDWDUH\RXWKLQNLQJRI"DVNHGWKHDEEHVPLOLQJO\
LPSXWLQJWKHGHHSDEVWUDFWLRQLQZKLFKKLVYLVLWRUZDV
SOXQJHGWRWKHH[FHVVRIKLVDZHDQGZRQGHU
,ZDVUHIOHFWLQJLQWKHILUVWSODFHUHSOLHG'DQWHV
XSRQWKHHQRUPRXVGHJUHHRILQWHOOLJHQFHDQGDELOLW\\RX
PXVWKDYHHPSOR\HGWRUHDFKWKHKLJKSHUIHFWLRQWRZKLFK\RX
KDYHDWWDLQHG:KDWZRXOG\RXQRWKDYHDFFRPSOLVKHGLI\RX
KDGEHHQIUHH"
3RVVLEO\QRWKLQJDWDOOWKHRYHUIORZRIP\EUDLQZRXOG
SUREDEO\LQDVWDWHRIIUHHGRPKDYHHYDSRUDWHGLQD
WKRXVDQGIROOLHVPLVIRUWXQHLVQHHGHGWREULQJWROLJKWWKH

177

WUHDVXUHVRIWKHKXPDQLQWHOOHFW&RPSUHVVLRQLVQHHGHGWR
H[SORGHJXQSRZGHU&DSWLYLW\KDVEURXJKWP\PHQWDOIDFXOWLHV
WRDIRFXVDQG\RXDUHZHOODZDUHWKDWIURPWKHFROOLVLRQ
RIFORXGVHOHFWULFLW\LVSURGXFHGIURPHOHFWULFLW\
OLJKWQLQJIURPOLJKWQLQJLOOXPLQDWLRQ
1RUHSOLHG'DQWHV,NQRZQRWKLQJ6RPHRI\RXUZRUGV
DUHWRPHTXLWHHPSW\RIPHDQLQJ<RXPXVWEHEOHVVHGLQGHHG
WRSRVVHVVWKHNQRZOHGJH\RXKDYH
7KHDEEHVPLOHG:HOOVDLGKHEXW\RXKDGDQRWKHU
VXEMHFWIRU\RXUWKRXJKWVGLG\RXQRWVD\VRMXVWQRZ"
,GLG
<RXKDYHWROGPHDV\HWEXWRQHRIWKHPOHWPHKHDUWKH
RWKHU
,WZDVWKLVWKDWZKLOH\RXKDGUHODWHGWRPHDOOWKH
SDUWLFXODUVRI\RXUSDVWOLIH\RXZHUHSHUIHFWO\
XQDFTXDLQWHGZLWKPLQH
<RXUOLIHP\\RXQJIULHQGKDVQRWEHHQRIVXIILFLHQW
OHQJWKWRDGPLWRI\RXUKDYLQJSDVVHGWKURXJKDQ\YHU\
LPSRUWDQWHYHQWV
,WKDVEHHQORQJHQRXJKWRLQIOLFWRQPHDJUHDWDQG
XQGHVHUYHGPLVIRUWXQH,ZRXOGIDLQIL[WKHVRXUFHRILWRQ
PDQWKDW,PD\QRORQJHUYHQWUHSURDFKHVXSRQKHDYHQ
7KHQ\RXSURIHVVLJQRUDQFHRIWKHFULPHZLWKZKLFK\RXDUH
FKDUJHG"
,GRLQGHHGDQGWKLV,VZHDUE\WKHWZREHLQJVPRVWGHDU
WRPHXSRQHDUWKP\IDWKHUDQG0HUFHGHV
&RPHVDLGWKHDEEHFORVLQJKLVKLGLQJSODFHDQGSXVKLQJ
WKHEHGEDFNWRLWVRULJLQDOVLWXDWLRQOHWPHKHDU\RXU
VWRU\
'DQWHVREH\HGDQGFRPPHQFHGZKDWKHFDOOHGKLVKLVWRU\EXW
ZKLFKFRQVLVWHGRQO\RIWKHDFFRXQWRIDYR\DJHWR,QGLD
DQGWZRRUWKUHHYR\DJHVWRWKH/HYDQWXQWLOKHDUULYHGDW
WKHUHFLWDORIKLVODVWFUXLVHZLWKWKHGHDWKRI&DSWDLQ

178

/HFOHUHDQGWKHUHFHLSWRIDSDFNHWWREHGHOLYHUHGE\
KLPVHOIWRWKHJUDQGPDUVKDOKLVLQWHUYLHZZLWKWKDW
SHUVRQDJHDQGKLVUHFHLYLQJLQSODFHRIWKHSDFNHW
EURXJKWDOHWWHUDGGUHVVHGWRD0RQVLHXU1RLUWLHUKLV
DUULYDODW0DUVHLOOHVDQGLQWHUYLHZZLWKKLVIDWKHUKLV
DIIHFWLRQIRU0HUFHGHVDQGWKHLUQXSWXDOIHDVWKLV
DUUHVWDQGVXEVHTXHQWH[DPLQDWLRQKLVWHPSRUDU\GHWHQWLRQ
DWWKH3DODLVGH-XVWLFHDQGKLVILQDOLPSULVRQPHQWLQWKH
&KDWHDXG
,I)URPWKLVSRLQWHYHU\WKLQJZDVDEODQNWR
'DQWHVKHNQHZQRWKLQJPRUHQRWHYHQWKHOHQJWKRIWLPH
KHKDGEHHQLPSULVRQHG+LVUHFLWDOILQLVKHGWKHDEEH
UHIOHFWHGORQJDQGHDUQHVWO\
7KHUHLVVDLGKHDWWKHHQGRIKLVPHGLWDWLRQVD
FOHYHUPD[LPZKLFKEHDUVXSRQZKDW,ZDVVD\LQJWR\RXVRPH
OLWWOHZKLOHDJRDQGWKDWLVWKDWXQOHVVZLFNHGLGHDVWDNH
URRWLQDQDWXUDOO\GHSUDYHGPLQGKXPDQQDWXUHLQDULJKW
DQGZKROHVRPHVWDWHUHYROWVDWFULPH6WLOOIURPDQ
DUWLILFLDOFLYLOL]DWLRQKDYHRULJLQDWHGZDQWVYLFHVDQG
IDOVHWDVWHVZKLFKRFFDVLRQDOO\EHFRPHVRSRZHUIXODVWR
VWLIOHZLWKLQXVDOOJRRGIHHOLQJVDQGXOWLPDWHO\WROHDG
XVLQWRJXLOWDQGZLFNHGQHVV)URPWKLVYLHZRIWKLQJV
WKHQFRPHVWKHD[LRPWKDWLI\RXYLVLWWRGLVFRYHUWKH
DXWKRURIDQ\EDGDFWLRQVHHNILUVWWRGLVFRYHUWKHSHUVRQ
WRZKRPWKHSHUSHWUDWLRQRIWKDWEDGDFWLRQFRXOGEHLQDQ\
ZD\DGYDQWDJHRXV1RZWRDSSO\LWLQ\RXUFDVHWRZKRP
FRXOG\RXUGLVDSSHDUDQFHKDYHEHHQVHUYLFHDEOH"
7RQRRQHE\KHDYHQ,ZDVDYHU\LQVLJQLILFDQWSHUVRQ
'RQRWVSHDNWKXVIRU\RXUUHSO\HYLQFHVQHLWKHUORJLFQRU
SKLORVRSK\HYHU\WKLQJLVUHODWLYHP\GHDU\RXQJIULHQG
IURPWKHNLQJZKRVWDQGVLQWKHZD\RIKLVVXFFHVVRUWRWKH
HPSOR\HHZKRNHHSVKLVULYDORXWRIDSODFH1RZLQWKH
HYHQWRIWKHNLQJ
VGHDWKKLVVXFFHVVRULQKHULWVDFURZQ
ZKHQWKHHPSOR\HHGLHVWKHVXSHUQXPHUDU\VWHSVLQWRKLV
VKRHVDQGUHFHLYHVKLVVDODU\RIWZHOYHWKRXVDQGOLYUHV
:HOOWKHVHWZHOYHWKRXVDQGOLYUHVDUHKLVFLYLOOLVWDQG
DUHDVHVVHQWLDOWRKLPDVWKHWZHOYHPLOOLRQVRIDNLQJ
(YHU\RQHIURPWKHKLJKHVWWRWKHORZHVWGHJUHHKDVKLV
SODFHRQWKHVRFLDOODGGHUDQGLVEHVHWE\VWRUP\SDVVLRQV
DQGFRQIOLFWLQJLQWHUHVWVDVLQ'HVFDUWHV
WKHRU\RI
SUHVVXUHDQGLPSXOVLRQ%XWWKHVHIRUFHVLQFUHDVHDVZHJR
KLJKHUVRWKDWZHKDYHDVSLUDOZKLFKLQGHILDQFHRIUHDVRQ

179

UHVWVXSRQWKHDSH[DQGQRWRQWKHEDVH1RZOHWXVUHWXUQ
WR\RXUSDUWLFXODUZRUOG<RXVD\\RXZHUHRQWKHSRLQWRI
EHLQJPDGHFDSWDLQRIWKH3KDUDRQ"
<HV
$QGDERXWWREHFRPHWKHKXVEDQGRID\RXQJDQGORYHO\
JLUO"
<HV
1RZFRXOGDQ\RQHKDYHKDGDQ\LQWHUHVWLQSUHYHQWLQJWKH
DFFRPSOLVKPHQWRIWKHVHWZRWKLQJV"%XWOHWXVILUVWVHWWOH
WKHTXHVWLRQDVWRLWVEHLQJWKHLQWHUHVWRIDQ\RQHWR
KLQGHU\RXIURPEHLQJFDSWDLQRIWKH3KDUDRQ:KDWVD\\RX"
,FDQQRWEHOLHYHVXFKZDVWKHFDVH,ZDVJHQHUDOO\OLNHG
RQERDUGDQGKDGWKHVDLORUVSRVVHVVHGWKHULJKWRI
VHOHFWLQJDFDSWDLQWKHPVHOYHV,IHHOFRQYLQFHGWKHLU
FKRLFHZRXOGKDYHIDOOHQRQPH7KHUHZDVRQO\RQHSHUVRQ
DPRQJWKHFUHZZKRKDGDQ\IHHOLQJRILOOZLOOWRZDUGVPH,
KDGTXDUHOOHGZLWKKLPVRPHWLPHSUHYLRXVO\DQGKDGHYHQ
FKDOOHQJHGKLPWRILJKWPHEXWKHUHIXVHG
1RZZHDUHJHWWLQJRQ$QGZKDWZDVWKLVPDQ
VQDPH"
'DQJODUV
:KDWUDQNGLGKHKROGRQERDUG"
+HZDVVXSHUFDUJR
$QGKDG\RXEHHQFDSWDLQVKRXOG\RXKDYHUHWDLQHGKLPLQ
KLVHPSOR\PHQW"
1RWLIWKHFKRLFHKDGUHPDLQHGZLWKPHIRU,KDG
IUHTXHQWO\REVHUYHGLQDFFXUDFLHVLQKLVDFFRXQWV
*RRGDJDLQ1RZWKHQWHOOPHZDVDQ\SHUVRQSUHVHQW
GXULQJ\RXUODVWFRQYHUVDWLRQZLWK&DSWDLQ/HFOHUH"
1RZHZHUHTXLWHDORQH
&RXOG\RXUFRQYHUVDWLRQKDYHEHHQRYHUKHDUGE\DQ\RQH"

180

,WPLJKWIRUWKHFDELQGRRUZDVRSHQDQGVWD\QRZ,
UHFROOHFW'DQJODUVKLPVHOISDVVHGE\MXVWDV&DSWDLQ
/HFOHUHZDVJLYLQJPHWKHSDFNHWIRUWKHJUDQGPDUVKDO
7KDW
VEHWWHUFULHGWKHDEEHQRZZHDUHRQWKHULJKW
VFHQW'LG\RXWDNHDQ\ERG\ZLWK\RXZKHQ\RXSXWLQWRWKH
SRUWRI(OED"
1RERG\
6RPHERG\WKHUHUHFHLYHG\RXUSDFNHWDQGJDYH\RXDOHWWHU
LQSODFHRILW,WKLQN"
<HVWKHJUDQGPDUVKDOGLG
$QGZKDWGLG\RXGRZLWKWKDWOHWWHU"
3XWLWLQWRP\SRUWIROLR
<RXKDG\RXUSRUWIROLRZLWK\RXWKHQ"1RZKRZFRXOGD
VDLORUILQGURRPLQKLVSRFNHWIRUDSRUWIROLRODUJHHQRXJK
WRFRQWDLQDQRIILFLDOOHWWHU"
<RXDUHULJKWLWZDVOHIWRQERDUG
7KHQLWZDVQRWWLOO\RXUUHWXUQWRWKHVKLSWKDW\RXSXW
WKHOHWWHULQWKHSRUWIROLR"
1R
$QGZKDWGLG\RXGRZLWKWKLVVDPHOHWWHUZKLOHUHWXUQLQJ
IURP3RUWR)HUUDMRWRWKHYHVVHO"
,FDUULHGLWLQP\KDQG
6RWKDWZKHQ\RXZHQWRQERDUGWKH3KDUDRQHYHU\ERG\FRXOG
VHHWKDW\RXKHOGDOHWWHULQ\RXUKDQG"
<HV
'DQJODUVDVZHOODVWKHUHVW"
'DQJODUVDVZHOODVRWKHUV

181

1RZOLVWHQWRPHDQGWU\WRUHFDOOHYHU\FLUFXPVWDQFH
DWWHQGLQJ\RXUDUUHVW'R\RXUHFROOHFWWKHZRUGVLQZKLFK
WKHLQIRUPDWLRQDJDLQVW\RXZDVIRUPXODWHG"
2K\HV,UHDGLWRYHUWKUHHWLPHVDQGWKHZRUGVVDQN
GHHSO\LQWRP\PHPRU\
5HSHDWLWWRPH
'DQWHVSDXVHGDPRPHQWWKHQVDLG7KLVLVLWZRUGIRU
ZRUGC7KHNLQJ
VDWWRUQH\LVLQIRUPHGE\DIULHQGWRWKH
WKURQHDQGUHOLJLRQWKDWRQH(GPRQG'DQWHVPDWHRQERDUG
WKH3KDUDRQWKLVGD\DUULYHGIURP6P\UQDDIWHUKDYLQJ
WRXFKHGDW1DSOHVDQG3RUWR)HUUDMRKDVEHHQLQWUXVWHGE\
0XUDWZLWKDSDFNHWIRUWKHXVXUSHUDJDLQE\WKHXVXUSHU
ZLWKDOHWWHUIRUWKH%RQDSDUWLVW&OXELQ3DULV7KLVSURRI
RIKLVJXLOWPD\EHSURFXUHGE\KLVLPPHGLDWHDUUHVWDVWKH
OHWWHUZLOOEHIRXQGHLWKHUDERXWKLVSHUVRQDWKLV
IDWKHU
VUHVLGHQFHRULQKLVFDELQRQERDUGWKH3KDUDRQ

7KHDEEHVKUXJJHGKLVVKRXOGHUV7KHWKLQJLVFOHDUDV
GD\VDLGKHDQG\RXPXVWKDYHKDGDYHU\FRQILGLQJ
QDWXUHDVZHOODVDJRRGKHDUWQRWWRKDYHVXVSHFWHGWKH
RULJLQRIWKHZKROHDIIDLU
'R\RXUHDOO\WKLQNVR"$KWKDWZRXOGLQGHHGEHLQIDPRXV
+RZGLG'DQJODUVXVXDOO\ZULWH"
,QDKDQGVRPHUXQQLQJKDQG
$QGKRZZDVWKHDQRQ\PRXVOHWWHUZULWWHQ"
%DFNKDQGHG$JDLQWKHDEEHVPLOHG'LVJXLVHG
,WZDVYHU\EROGO\ZULWWHQLIGLVJXLVHG
6WRSDELWVDLGWKHDEEHWDNLQJXSZKDWKHFDOOHGKLV
SHQDQGDIWHUGLSSLQJLWLQWRWKHLQNKHZURWHRQDSLHFH
RISUHSDUHGOLQHQZLWKKLVOHIWKDQGWKHILUVWWZRRU
WKUHHZRUGVRIWKHDFFXVDWLRQ'DQWHVGUHZEDFNDQGJD]HG
RQWKHDEEHZLWKDVHQVDWLRQDOPRVWDPRXQWLQJWRWHUURU
+RZYHU\DVWRQLVKLQJFULHGKHDWOHQJWK:K\\RXU

182

ZULWLQJH[DFWO\UHVHPEOHVWKDWRIWKHDFFXVDWLRQ
6LPSO\EHFDXVHWKDWDFFXVDWLRQKDGEHHQZULWWHQZLWKWKH
OHIWKDQGDQG,KDYHQRWLFHGWKDW
:KDW"
7KDWZKLOHWKHZULWLQJRIGLIIHUHQWSHUVRQVGRQHZLWKWKH
ULJKWKDQGYDULHVWKDWSHUIRUPHGZLWKWKHOHIWKDQGLV
LQYDULDEO\XQLIRUP
<RXKDYHHYLGHQWO\VHHQDQGREVHUYHGHYHU\WKLQJ
/HWXVSURFHHG
2K\HV\HV
1RZDVUHJDUGVWKHVHFRQGTXHVWLRQ
,DPOLVWHQLQJ
:DVWKHUHDQ\SHUVRQZKRVHLQWHUHVWLWZDVWRSUHYHQW\RXU
PDUULDJHZLWK0HUFHGHV"
<HVD\RXQJPDQZKRORYHGKHU
$QGKLVQDPHZDV
)HUQDQG
7KDWLVD6SDQLVKQDPH,WKLQN"
+HZDVD&DWDODQ
<RXLPDJLQHKLPFDSDEOHRIZULWLQJWKHOHWWHU"
2KQRKHZRXOGPRUHOLNHO\KDYHJRWULGRIPHE\VWLFNLQJ
DNQLIHLQWRPH
7KDWLVLQVWULFWDFFRUGDQFHZLWKWKH6SDQLVKFKDUDFWHUDQ
DVVDVVLQDWLRQWKH\ZLOOXQKHVLWDWLQJO\FRPPLWEXWDQDFWRI
FRZDUGLFHQHYHU
%HVLGHVVDLG'DQWHVWKHYDULRXVFLUFXPVWDQFHVPHQWLRQHG

183

LQWKHOHWWHUZHUHZKROO\XQNQRZQWRKLP
<RXKDGQHYHUVSRNHQRIWKHP\RXUVHOIWRDQ\RQH"
7RQRRQH
1RWHYHQWR\RXUPLVWUHVV"
1RQRWHYHQWRP\EHWURWKHG
7KHQLWLV'DQJODUV
,IHHOTXLWHVXUHRILWQRZ
:DLWDOLWWOH3UD\ZDV'DQJODUVDFTXDLQWHGZLWK)HUQDQG"
1R\HVKHZDV1RZ,UHFROOHFW
:KDW"
7RKDYHVHHQWKHPERWKVLWWLQJDWWDEOHWRJHWKHUXQGHUDQ
DUERUDW3HUH3DPSKLOH
VWKHHYHQLQJEHIRUHWKHGD\IL[HG
IRUP\ZHGGLQJ7KH\ZHUHLQHDUQHVWFRQYHUVDWLRQ'DQJODUV
ZDVMRNLQJLQDIULHQGO\ZD\EXW)HUQDQGORRNHGSDOHDQG
DJLWDWHG
:HUHWKH\DORQH"
7KHUHZDVDWKLUGSHUVRQZLWKWKHPZKRP,NQHZSHUIHFWO\
ZHOODQGZKRKDGLQDOOSUREDELOLW\PDGHWKHLU
DFTXDLQWDQFHKHZDVDWDLORUQDPHG&DGHURXVVHEXWKHZDV
YHU\GUXQN6WD\VWD\+RZVWUDQJHWKDWLWVKRXOGQRW
KDYHRFFXUUHGWRPHEHIRUH1RZ,UHPHPEHUTXLWHZHOOWKDW
RQWKHWDEOHURXQGZKLFKWKH\ZHUHVLWWLQJZHUHSHQVLQN
DQGSDSHU2KWKHKHDUWOHVVWUHDFKHURXVVFRXQGUHOV
H[FODLPHG'DQWHVSUHVVLQJKLVKDQGWRKLVWKUREELQJEURZV
,VWKHUHDQ\WKLQJHOVH,FDQDVVLVW\RXLQGLVFRYHULQJ
EHVLGHVWKHYLOODQ\RI\RXUIULHQGV"LQTXLUHGWKHDEEHZLWK
DODXJK
<HV\HVUHSOLHG'DQWHVHDJHUO\,ZRXOGEHJRI\RXZKR
VHHVRFRPSOHWHO\WRWKHGHSWKVRIWKLQJVDQGWRZKRPWKH
JUHDWHVWP\VWHU\VHHPVEXWDQHDV\ULGGOHWRH[SODLQWRPH

184

KRZLWZDVWKDW,XQGHUZHQWQRVHFRQGH[DPLQDWLRQZDVQHYHU
EURXJKWWRWULDODQGDERYHDOOZDVFRQGHPQHGZLWKRXWHYHU
KDYLQJKDGVHQWHQFHSDVVHGRQPH"
7KDWLVDOWRJHWKHUDGLIIHUHQWDQGPRUHVHULRXVPDWWHU
UHVSRQGHGWKHDEEH7KHZD\VRIMXVWLFHDUHIUHTXHQWO\WRR
GDUNDQGP\VWHULRXVWREHHDVLO\SHQHWUDWHG$OOZHKDYH
KLWKHUWRGRQHLQWKHPDWWHUKDVEHHQFKLOG
VSOD\,I\RX
ZLVKPHWRHQWHUXSRQWKHPRUHGLIILFXOWSDUWRIWKH
EXVLQHVV\RXPXVWDVVLVWPHE\WKHPRVWPLQXWHLQIRUPDWLRQ
RQHYHU\SRLQW
3UD\DVNPHZKDWHYHUTXHVWLRQV\RXSOHDVHIRULQJRRG
WUXWK\RXVHHPRUHFOHDUO\LQWRP\OLIHWKDQ,GRP\VHOI
,QWKHILUVWSODFHWKHQZKRH[DPLQHG\RXWKHNLQJ
V
DWWRUQH\KLVGHSXW\RUDPDJLVWUDWH"
7KHGHSXW\
:DVKH\RXQJRUROG"
$ERXWVL[RUVHYHQDQGWZHQW\\HDUVRIDJH,VKRXOGVD\
6RDQVZHUHGWKHDEEH2OGHQRXJKWREHDPELWLRQVEXW
WRR\RXQJWREHFRUUXSW$QGKRZGLGKHWUHDW\RX"
:LWKPRUHRIPLOGQHVVWKDQVHYHULW\
'LG\RXWHOOKLP\RXUZKROHVWRU\"
,GLG
$QGGLGKLVFRQGXFWFKDQJHDWDOOLQWKHFRXUVHRI\RXU
H[DPLQDWLRQ"
+HGLGDSSHDUPXFKGLVWXUEHGZKHQKHUHDGWKHOHWWHUWKDW
KDGEURXJKWPHLQWRWKLVVFUDSH+HVHHPHGTXLWHRYHUFRPHE\
P\PLVIRUWXQH
%\\RXUPLVIRUWXQH"
<HV

185

7KHQ\RXIHHOTXLWHVXUHWKDWLWZDV\RXUPLVIRUWXQHKH
GHSORUHG"
+HJDYHPHRQHJUHDWSURRIRIKLVV\PSDWK\DWDQ\UDWH
$QGWKDW"
+HEXUQWWKHVROHHYLGHQFHWKDWFRXOGDWDOOKDYH
FULPLQDWHGPH
:KDW"WKHDFFXVDWLRQ"
1RWKHOHWWHU
$UH\RXVXUH"
,VDZLWGRQH
7KDWDOWHUVWKHFDVH7KLVPDQPLJKWDIWHUDOOEHD
JUHDWHUVFRXQGUHOWKDQ\RXKDYHWKRXJKWSRVVLEOH
8SRQP\ZRUGVDLG'DQWHV\RXPDNHPHVKXGGHU,VWKH
ZRUOGILOOHGZLWKWLJHUVDQGFURFRGLOHV"
<HVDQGUHPHPEHUWKDWWZROHJJHGWLJHUVDQGFURFRGLOHVDUH
PRUHGDQJHURXVWKDQWKHRWKHUV
1HYHUPLQGOHWXVJRRQ
:LWKDOOP\KHDUW<RXWHOOPHKHEXUQHGWKHOHWWHU"
+HGLGVD\LQJDWWKHVDPHWLPHC<RXVHH,WKXVGHVWUR\
WKHRQO\SURRIH[LVWLQJDJDLQVW\RX

7KLVDFWLRQLVVRPHZKDWWRRVXEOLPHWREHQDWXUDO
<RXWKLQNVR"
,DPVXUHRILW7RZKRPZDVWKLVOHWWHUDGGUHVVHG"
7R01RLUWLHU1R&RT+HURQ3DULV
1RZFDQ\RXFRQFHLYHRIDQ\LQWHUHVWWKDW\RXUKHURLF
GHSXW\FRXOGSRVVLEO\KDYHKDGLQWKHGHVWUXFWLRQRIWKDW

186

OHWWHU"
:K\LWLVQRWDOWRJHWKHULPSRVVLEOHKHPLJKWKDYHKDGIRU
KHPDGHPHSURPLVHVHYHUDOWLPHVQHYHUWRVSHDNRIWKDW
OHWWHUWRDQ\RQHDVVXULQJPHKHVRDGYLVHGPHIRUP\RZQ
LQWHUHVWDQGPRUHWKDQWKLVKHLQVLVWHGRQP\WDNLQJD
VROHPQRDWKQHYHUWRXWWHUWKHQDPHPHQWLRQHGLQWKH
DGGUHVV
1RLUWLHUUHSHDWHGWKHDEEH1RLUWLHU,NQHZDSHUVRQ
RIWKDWQDPHDWWKHFRXUWRIWKH4XHHQRI(WUXULDD
1RLUWLHUZKRKDGEHHQD*LURQGLQGXULQJWKH5HYROXWLRQ
:KDWZDV\RXUGHSXW\FDOOHG"
'H9LOOHIRUW7KHDEEHEXUVWLQWRDILWRIODXJKWHUZKLOH
'DQWHVJD]HGRQKLPLQXWWHUDVWRQLVKPHQW
:KDWDLOV\RX"VDLGKHDWOHQJWK
'R\RXVHHWKDWUD\RIVXQOLJKW"
,GR
:HOOWKHZKROHWKLQJLVPRUHFOHDUWRPHWKDQWKDWVXQEHDP
LVWR\RX3RRUIHOORZSRRU\RXQJPDQ$QG\RXWHOOPHWKLV
PDJLVWUDWHH[SUHVVHGJUHDWV\PSDWK\DQGFRPPLVHUDWLRQIRU
\RX"
+HGLG
$QGWKHZRUWK\PDQGHVWUR\HG\RXUFRPSURPLVLQJOHWWHU"
<HV
$QGWKHQPDGH\RXVZHDUQHYHUWRXWWHUWKHQDPHRI
1RLUWLHU"
<HV
:K\\RXSRRUVKRUWVLJKWHGVLPSOHWRQFDQ\RXQRWJXHVV
ZKRWKLV1RLUWLHUZDVZKRVHYHU\QDPHKHZDVVRFDUHIXOWR
NHHSFRQFHDOHG"1RLUWLHUZDVKLVIDWKHU
+DGDWKXQGHUEROWIDOOHQDWWKHIHHWRI'DQWHVRUKHOO

187

RSHQHGLWV\DZQLQJJXOIEHIRUHKLPKHFRXOGQRWKDYHEHHQ
PRUHFRPSOHWHO\WUDQVIL[HGZLWKKRUURUWKDQKHZDVDWWKH
VRXQGRIWKHVHXQH[SHFWHGZRUGV6WDUWLQJXSKHFODVSHGKLV
KDQGVDURXQGKLVKHDGDVWKRXJKWRSUHYHQWKLVYHU\EUDLQ
IURPEXUVWLQJDQGH[FODLPHG+LVIDWKHUKLVIDWKHU
<HVKLVIDWKHUUHSOLHGWKHDEEHKLVULJKWQDPHZDV
1RLUWLHUGH9LOOHIRUW$WWKLVLQVWDQWDEULJKWOLJKWVKRW
WKURXJKWKHPLQGRI'DQWHVDQGFOHDUHGXSDOOWKDWKDGEHHQ
GDUNDQGREVFXUHEHIRUH7KHFKDQJHWKDWKDGFRPHRYHU
9LOOHIRUWGXULQJWKHH[DPLQDWLRQWKHGHVWUXFWLRQRIWKH
OHWWHUWKHH[DFWHGSURPLVHWKHDOPRVWVXSSOLFDWLQJWRQHV
RIWKHPDJLVWUDWHZKRVHHPHGUDWKHUWRLPSORUHPHUF\WKDQ
WRSURQRXQFHSXQLVKPHQWDOOUHWXUQHGZLWKDVWXQQLQJ
IRUFHWRKLVPHPRU\+HFULHGRXWDQGVWDJJHUHGDJDLQVWWKH
ZDOOOLNHDGUXQNHQPDQWKHQKHKXUULHGWRWKHRSHQLQJWKDW
OHGIURPWKHDEEH
VFHOOWRKLVRZQDQGVDLG,PXVWEH
DORQHWRWKLQNRYHUDOOWKLV
:KHQKHUHJDLQHGKLVGXQJHRQKHWKUHZKLPVHOIRQKLVEHG
ZKHUHWKHWXUQNH\IRXQGKLPLQWKHHYHQLQJYLVLWVLWWLQJ
ZLWKIL[HGJD]HDQGFRQWUDFWHGIHDWXUHVGXPEDQGPRWLRQOHVV
DVDVWDWXH'XULQJWKHVHKRXUVRISURIRXQGPHGLWDWLRQ
ZKLFKWRKLPKDGVHHPHGRQO\PLQXWHVKHKDGIRUPHGD
IHDUIXOUHVROXWLRQDQGERXQGKLPVHOIWRLWVIXOILOPHQWE\D
VROHPQRDWK
'DQWHVZDVDWOHQJWKURXVHGIURPKLVUHYHU\E\WKHYRLFHRI
)DULDZKRKDYLQJDOVREHHQYLVLWHGE\KLVMDLOHUKDGFRPH
WRLQYLWHKLVIHOORZVXIIHUHUWRVKDUHKLVVXSSHU7KH
UHSXWDWLRQRIEHLQJRXWRIKLVPLQGWKRXJKKDUPOHVVO\DQG
HYHQDPXVLQJO\VRKDGSURFXUHGIRUWKHDEEHXQXVXDO
SULYLOHJHV+HZDVVXSSOLHGZLWKEUHDGRIDILQHUZKLWHU
TXDOLW\WKDQWKHXVXDOSULVRQIDUHDQGHYHQUHJDOHGHDFK
6XQGD\ZLWKDVPDOOTXDQWLW\RIZLQH1RZWKLVZDVD6XQGD\
DQGWKHDEEHKDGFRPHWRDVNKLV\RXQJFRPSDQLRQWRVKDUH
WKHOX[XULHVZLWKKLP'DQWHVIROORZHGKLVIHDWXUHVZHUHQR
ORQJHUFRQWUDFWHGDQGQRZZRUHWKHLUXVXDOH[SUHVVLRQEXW
WKHUHZDVWKDWLQKLVZKROHDSSHDUDQFHWKDWEHVSRNHRQHZKR
KDGFRPHWRDIL[HGDQGGHVSHUDWHUHVROYH)DULDEHQWRQKLP
KLVSHQHWUDWLQJH\H,UHJUHWQRZVDLGKHKDYLQJKHOSHG
\RXLQ\RXUODWHLQTXLULHVRUKDYLQJJLYHQ\RXWKH
LQIRUPDWLRQ,GLG

188

:K\VR"LQTXLUHG'DQWHV
%HFDXVHLWKDVLQVWLOOHGDQHZSDVVLRQLQ\RXUKHDUW
WKDWRIYHQJHDQFH
'DQWHVVPLOHG/HWXVWDONRIVRPHWKLQJHOVHVDLGKH
$JDLQWKHDEEHORRNHGDWKLPWKHQPRXUQIXOO\VKRRNKLV
KHDGEXWLQDFFRUGDQFHZLWK'DQWHV
UHTXHVWKHEHJDQWR
VSHDNRIRWKHUPDWWHUV7KHHOGHUSULVRQHUZDVRQHRIWKRVH
SHUVRQVZKRVHFRQYHUVDWLRQOLNHWKDWRIDOOZKRKDYH
H[SHULHQFHGPDQ\WULDOVFRQWDLQHGPDQ\XVHIXODQGLPSRUWDQW
KLQWVDVZHOODVVRXQGLQIRUPDWLRQEXWLWZDVQHYHU
HJRWLVWLFDOIRUWKHXQIRUWXQDWHPDQQHYHUDOOXGHGWRKLV
RZQVRUURZV'DQWHVOLVWHQHGZLWKDGPLULQJDWWHQWLRQWRDOO
KHVDLGVRPHRIKLVUHPDUNVFRUUHVSRQGHGZLWKZKDWKH
DOUHDG\NQHZRUDSSOLHGWRWKHVRUWRINQRZOHGJHKLV
QDXWLFDOOLIHKDGHQDEOHGKLPWRDFTXLUH$SDUWRIWKHJRRG
DEEH
VZRUGVKRZHYHUZHUHZKROO\LQFRPSUHKHQVLEOHWRKLP
EXWOLNHWKHDXURUDZKLFKJXLGHVWKHQDYLJDWRULQQRUWKHUQ
ODWLWXGHVRSHQHGQHZYLVWDVWRWKHLQTXLULQJPLQGRIWKH
OLVWHQHUDQGJDYHIDQWDVWLFJOLPSVHVRIQHZKRUL]RQV
HQDEOLQJKLPMXVWO\WRHVWLPDWHWKHGHOLJKWDQLQWHOOHFWXDO
PLQGZRXOGKDYHLQIROORZLQJRQHVRULFKO\JLIWHGDV)DULD
DORQJWKHKHLJKWVRIWUXWKZKHUHKHZDVVRPXFKDWKRPH
<RXPXVWWHDFKPHDVPDOOSDUWRIZKDW\RXNQRZVDLG
'DQWHVLIRQO\WRSUHYHQW\RXUJURZLQJZHDU\RIPH,FDQ
ZHOOEHOLHYHWKDWVROHDUQHGDSHUVRQDV\RXUVHOIZRXOG
SUHIHUDEVROXWHVROLWXGHWREHLQJWRUPHQWHGZLWKWKHFRPSDQ\
RIRQHDVLJQRUDQWDQGXQLQIRUPHGDVP\VHOI,I\RXZLOO
RQO\DJUHHWRP\UHTXHVW,SURPLVH\RXQHYHUWRPHQWLRQ
DQRWKHUZRUGDERXWHVFDSLQJ7KHDEEHVPLOHG$ODVP\
ER\VDLGKHKXPDQNQRZOHGJHLVFRQILQHGZLWKLQYHU\
QDUURZOLPLWVDQGZKHQ,KDYHWDXJKW\RXPDWKHPDWLFV
SK\VLFVKLVWRU\DQGWKHWKUHHRUIRXUPRGHUQODQJXDJHV
ZLWKZKLFK,DPDFTXDLQWHG\RXZLOONQRZDVPXFKDV,GR
P\VHOI1RZLWZLOOVFDUFHO\UHTXLUHWZR\HDUVIRUPHWR
FRPPXQLFDWHWR\RXWKHVWRFNRIOHDUQLQJ,SRVVHVV
7ZR\HDUVH[FODLPHG'DQWHVGR\RXUHDOO\EHOLHYH,FDQ
DFTXLUHDOOWKHVHWKLQJVLQVRVKRUWDWLPH"
1RWWKHLUDSSOLFDWLRQFHUWDLQO\EXWWKHLUSULQFLSOHV\RX

189

PD\WROHDUQLVQRWWRNQRZWKHUHDUHWKHOHDUQHUVDQGWKH
OHDUQHG0HPRU\PDNHVWKHRQHSKLORVRSK\WKHRWKHU
%XWFDQQRWRQHOHDUQSKLORVRSK\"
3KLORVRSK\FDQQRWEHWDXJKWLWLVWKHDSSOLFDWLRQRIWKH
VFLHQFHVWRWUXWKLWLVOLNHWKHJROGHQFORXGLQZKLFKWKH
0HVVLDKZHQWXSLQWRKHDYHQ
:HOOWKHQVDLG'DQWHV:KDWVKDOO\RXWHDFKPHILUVW",
DPLQDKXUU\WREHJLQ,ZDQWWROHDUQ
(YHU\WKLQJVDLGWKHDEEH$QGWKDWYHU\HYHQLQJWKH
SULVRQHUVVNHWFKHGDSODQRIHGXFDWLRQWREHHQWHUHGXSRQ
WKHIROORZLQJGD\'DQWHVSRVVHVVHGDSURGLJLRXVPHPRU\
FRPELQHGZLWKDQDVWRQLVKLQJTXLFNQHVVDQGUHDGLQHVVRI
FRQFHSWLRQWKHPDWKHPDWLFDOWXUQRIKLVPLQGUHQGHUHGKLP
DSWDWDOONLQGVRIFDOFXODWLRQZKLOHKLVQDWXUDOO\
SRHWLFDOIHHOLQJVWKUHZDOLJKWDQGSOHDVLQJYHLORYHUWKH
GU\UHDOLW\RIDULWKPHWLFDOFRPSXWDWLRQRUWKHULJLG
VHYHULW\RIJHRPHWU\+HDOUHDG\NQHZ,WDOLDQDQGKDGDOVR
SLFNHGXSDOLWWOHRIWKH5RPDLFGLDOHFWGXULQJYR\DJHVWR
WKH(DVWDQGE\WKHDLGRIWKHVHWZRODQJXDJHVKHHDVLO\
FRPSUHKHQGHGWKHFRQVWUXFWLRQRIDOOWKHRWKHUVVRWKDWDW
WKHHQGRIVL[PRXWKVKHEHJDQWRVSHDN6SDQLVK(QJOLVK
DQG*HUPDQ,QVWULFWDFFRUGDQFHZLWKWKHSURPLVHPDGHWR
WKHDEEH'DQWHVVSRNHQRPRUHRIHVFDSH3HUKDSVWKH
GHOLJKWKLVVWXGLHVDIIRUGHGKLPOHIWQRURRPIRUVXFK
WKRXJKWVSHUKDSVWKHUHFROOHFWLRQWKDWKHKDGSOHGJHGKLV
ZRUG RQZKLFKKLVVHQVHRIKRQRUZDVNHHQ NHSWKLPIURP
UHIHUULQJLQDQ\ZD\WRWKHSRVVLELOLWLHVRIIOLJKW'D\V
HYHQPRQWKVSDVVHGE\XQKHHGHGLQRQHUDSLGDQGLQVWUXFWLYH
FRXUVH$WWKHHQGRID\HDU'DQWHVZDVDQHZPDQ'DQWHV
REVHUYHGKRZHYHUWKDW)DULDLQVSLWHRIWKHUHOLHIKLV
VRFLHW\DIIRUGHGGDLO\JUHZVDGGHURQHWKRXJKWVHHPHG
LQFHVVDQWO\WRKDUDVVDQGGLVWUDFWKLVPLQG6RPHWLPHVKH
ZRXOGIDOOLQWRORQJUHYHULHVVLJKKHDYLO\DQG
LQYROXQWDULO\WKHQVXGGHQO\ULVHDQGZLWKIROGHGDUPV
EHJLQSDFLQJWKHFRQILQHGVSDFHRIKLVGXQJHRQ2QHGD\KH
VWRSSHGDOODWRQFHDQGH[FODLPHG$KLIWKHUHZHUHQR
VHQWLQHO
7KHUHVKDOOQRWEHRQHDPLQXWHORQJHUWKDQ\RXSOHDVH
VDLG'DQWHVZKRKDGIROORZHGWKHZRUNLQJRIKLVWKRXJKWVDV

190

DFFXUDWHO\DVWKRXJKKLVEUDLQZHUHHQFORVHGLQFU\VWDOVR
FOHDUDVWRGLVSOD\LWVPLQXWHVWRSHUDWLRQV
,KDYHDOUHDG\WROG\RXDQVZHUHGWKHDEEHWKDW,ORDWKH
WKHLGHDRIVKHGGLQJEORRG
$QG\HWWKHPXUGHULI\RXFKRRVHWRFDOOLWVRZRXOGEH
VLPSO\DPHDVXUHRIVHOISUHVHUYDWLRQ
1RPDWWHU,FRXOGQHYHUDJUHHWRLW
6WLOO\RXKDYHWKRXJKWRILW"
,QFHVVDQWO\DODVFULHGWKHDEEH
$QG\RXKDYHGLVFRYHUHGDPHDQVRIUHJDLQLQJRXUIUHHGRP
KDYH\RXQRW"DVNHG'DQWHVHDJHUO\
,KDYHLILWZHUHRQO\SRVVLEOHWRSODFHDGHDIDQGEOLQG
VHQWLQHOLQWKHJDOOHU\EH\RQGXV
+HVKDOOEHERWKEOLQGDQGGHDIUHSOLHGWKH\RXQJPDQ
ZLWKDQDLURIGHWHUPLQDWLRQWKDWPDGHKLVFRPSDQLRQ
VKXGGHU
1RQRFULHGWKHDEEHLPSRVVLEOH'DQWHVHQGHDYRUHGWR
UHQHZWKHVXEMHFWWKHDEEHVKRRNKLVKHDGLQWRNHQRI
GLVDSSURYDODQGUHIXVHGWRPDNHDQ\IXUWKHUUHVSRQVH7KUHH
PRQWKVSDVVHGDZD\
$UH\RXVWURQJ"WKHDEEHDVNHGRQHGD\RI'DQWHV7KH
\RXQJPDQLQUHSO\WRRNXSWKHFKLVHOEHQWLWLQWRWKH
IRUPRIDKRUVHVKRHDQGWKHQDVUHDGLO\VWUDLJKWHQHGLW
$QGZLOO\RXHQJDJHQRWWRGRDQ\KDUPWRWKHVHQWU\
H[FHSWDVDODVWUHVRUW"
,SURPLVHRQP\KRQRU
7KHQVDLGWKHDEEHZHPD\KRSHWRSXWRXUGHVLJQLQWR
H[HFXWLRQ
$QGKRZORQJVKDOOZHEHLQDFFRPSOLVKLQJWKHQHFHVVDU\
ZRUN"

191

$WOHDVWD\HDU
$QGVKDOOZHEHJLQDWRQFH"
$WRQFH
:HKDYHORVWD\HDUWRQRSXUSRVHFULHG'DQWHV
'R\RXFRQVLGHUWKHODVWWZHOYHPRQWKVWRKDYHEHHQ
ZDVWHG"DVNHGWKHDEEH
)RUJLYHPHFULHG(GPRQGEOXVKLQJGHHSO\
7XWWXWDQVZHUHGWKHDEEHPDQLVEXWPDQDIWHUDOO
DQG\RXDUHDERXWWKHEHVWVSHFLPHQRIWKHJHQXV,KDYHHYHU
NQRZQ&RPHOHWPHVKRZ\RXP\SODQ7KHDEEHWKHQVKRZHG
'DQWHVWKHVNHWFKKHKDGPDGHIRUWKHLUHVFDSH,WFRQVLVWHG
RIDSODQRIKLVRZQFHOODQGWKDWRI'DQWHVZLWKWKH
SDVVDJHZKLFKXQLWHGWKHP,QWKLVSDVVDJHKHSURSRVHGWR
GULYHDOHYHODVWKH\GRLQPLQHVWKLVOHYHOZRXOGEULQJ
WKHWZRSULVRQHUVLPPHGLDWHO\EHQHDWKWKHJDOOHU\ZKHUHWKH
VHQWU\NHSWZDWFKRQFHWKHUHDODUJHH[FDYDWLRQZRXOGEH
PDGHDQGRQHRIWKHIODJVWRQHVZLWKZKLFKWKHJDOOHU\ZDV
SDYHGEHVRFRPSOHWHO\ORRVHQHGWKDWDWWKHGHVLUHGPRPHQW
LWZRXOGJLYHZD\EHQHDWKWKHIHHWRIWKHVROGLHUZKR
VWXQQHGE\KLVIDOOZRXOGEHLPPHGLDWHO\ERXQGDQGJDJJHG
E\'DQWHVEHIRUHKHKDGSRZHUWRRIIHUDQ\UHVLVWDQFH7KH
SULVRQHUVZHUHWKHQWRPDNHWKHLUZD\WKURXJKRQHRIWKH
JDOOHU\ZLQGRZVDQGWROHWWKHPVHOYHVGRZQIURPWKHRXWHU
ZDOOVE\PHDQVRIWKHDEEH
VODGGHURIFRUGV'DQWHV
H\HV
VSDUNOHGZLWKMR\DQGKHUXEEHGKLVKDQGVZLWKGHOLJKWDW
WKHLGHDRIDSODQVRVLPSOH\HWDSSDUHQWO\VRFHUWDLQWR
VXFFHHG
7KDWYHU\GD\WKHPLQHUVEHJDQWKHLUODERUVZLWKDYLJRU
DQGDODFULW\SURSRUWLRQDWHWRWKHLUORQJUHVWIURPIDWLJXH
DQGWKHLUKRSHVRIXOWLPDWHVXFFHVV1RWKLQJLQWHUUXSWHGWKH
SURJUHVVRIWKHZRUNH[FHSWWKHQHFHVVLW\WKDWHDFKZDV
XQGHURIUHWXUQLQJWRKLVFHOOLQDQWLFLSDWLRQRIWKH
WXUQNH\
VYLVLWV7KH\KDGOHDUQHGWRGLVWLQJXLVKWKHDOPRVW
LPSHUFHSWLEOHVRXQGRIKLVIRRWVWHSVDVKHGHVFHQGHGWRZDUGV
WKHLUGXQJHRQVDQGKDSSLO\QHYHUIDLOHGRIEHLQJSUHSDUHG
IRUKLVFRPLQJ7KHIUHVKHDUWKH[FDYDWHGGXULQJWKHLU

192

SUHVHQWZRUNDQGZKLFKZRXOGKDYHHQWLUHO\EORFNHGXSWKH
ROGSDVVDJHZDVWKURZQE\GHJUHHVDQGZLWKWKHXWPRVW
SUHFDXWLRQRXWRIWKHZLQGRZLQHLWKHU)DULD
VRU'DQWHV

FHOOWKHUXEELVKEHLQJILUVWSXOYHUL]HGVRILQHO\WKDWWKH
QLJKWZLQGFDUULHGLWIDUDZD\ZLWKRXWSHUPLWWLQJWKH
VPDOOHVWWUDFHWRUHPDLQ0RUHWKDQD\HDUKDGEHHQFRQVXPHG
LQWKLVXQGHUWDNLQJWKHRQO\WRROVIRUZKLFKKDGEHHQD
FKLVHODNQLIHDQGDZRRGHQOHYHU)DULDVWLOOFRQWLQXLQJ
WRLQVWUXFW'DQWHVE\FRQYHUVLQJZLWKKLPVRPHWLPHVLQRQH
ODQJXDJHVRPHWLPHVLQDQRWKHUDWRWKHUVUHODWLQJWRKLP
WKHKLVWRU\RIQDWLRQVDQGJUHDWPHQZKRIURPWLPHWRWLPH
KDYHULVHQWRIDPHDQGWURGGHQWKHSDWKRIJORU\
7KHDEEHZDVDPDQRIWKHZRUOGDQGKDGPRUHRYHUPL[HGLQ
WKHILUVWVRFLHW\RIWKHGD\KHZRUHDQDLURIPHODQFKRO\
GLJQLW\ZKLFK'DQWHVWKDQNVWRWKHLPLWDWLYHSRZHUV
EHVWRZHGRQKLPE\QDWXUHHDVLO\DFTXLUHGDVZHOODVWKDW
RXWZDUGSROLVKDQGSROLWHQHVVKHKDGEHIRUHEHHQZDQWLQJLQ
DQGZKLFKLVVHOGRPSRVVHVVHGH[FHSWE\WKRVHZKRKDYHEHHQ
SODFHGLQFRQVWDQWLQWHUFRXUVHZLWKSHUVRQVRIKLJKELUWK
DQGEUHHGLQJ$WWKHHQGRIILIWHHQPRQWKVWKHOHYHOZDV
ILQLVKHGDQGWKHH[FDYDWLRQFRPSOHWHGEHQHDWKWKHJDOOHU\
DQGWKHWZRZRUNPHQFRXOGGLVWLQFWO\KHDUWKHPHDVXUHGWUHDG
RIWKHVHQWLQHODVKHSDFHGWRDQGIURRYHUWKHLUKHDGV
&RPSHOOHGDVWKH\ZHUHWRDZDLWDQLJKWVXIILFLHQWO\GDUN
WRIDYRUWKHLUIOLJKWWKH\ZHUHREOLJHGWRGHIHUWKHLU
ILQDODWWHPSWWLOOWKDWDXVSLFLRXVPRPHQWVKRXOGDUULYH
WKHLUJUHDWHVWGUHDGQRZZDVOHVWWKHVWRQHWKURXJKZKLFK
WKHVHQWU\ZDVGRRPHGWRIDOOVKRXOGJLYHZD\EHIRUHLWV
ULJKWWLPHDQGWKLVWKH\KDGLQVRPHPHDVXUHSURYLGHG
DJDLQVWE\SURSSLQJLWXSZLWKDVPDOOEHDPZKLFKWKH\KDG
GLVFRYHUHGLQWKHZDOOVWKURXJKZKLFKWKH\KDGZRUNHGWKHLU
ZD\'DQWHVZDVRFFXSLHGLQDUUDQJLQJWKLVSLHFHRIZRRG
ZKHQKHKHDUG)DULDZKRKDGUHPDLQHGLQ(GPRQG
VFHOOIRU
WKHSXUSRVHRIFXWWLQJDSHJWRVHFXUHWKHLUURSHODGGHU
FDOOWRKLPLQDWRQHLQGLFDWLYHRIJUHDWVXIIHULQJ'DQWHV
KDVWHQHGWRKLVGXQJHRQZKHUHKHIRXQGKLPVWDQGLQJLQWKH
PLGGOHRIWKHURRPSDOHDVGHDWKKLVIRUHKHDGVWUHDPLQJ
ZLWKSHUVSLUDWLRQDQGKLVKDQGVFOLQFKHGWLJKWO\WRJHWKHU
*UDFLRXVKHDYHQVH[FODLPHG'DQWHVZKDWLVWKHPDWWHU"
ZKDWKDVKDSSHQHG"

193

4XLFNTXLFNUHWXUQHGWKHDEEHOLVWHQWRZKDW,KDYHWR
VD\'DQWHVORRNHGLQIHDUDQGZRQGHUDWWKHOLYLG
FRXQWHQDQFHRI)DULDZKRVHH\HVDOUHDG\GXOODQGVXQNHQ
ZHUHVXUURXQGHGE\SXUSOHFLUFOHVZKLOHKLVOLSVZHUHZKLWH
DVWKRVHRIDFRUSVHDQGKLVYHU\KDLUVHHPHGWRVWDQGRQ
HQG
7HOOPH,EHVHHFK\RXZKDWDLOV\RX"FULHG'DQWHV
OHWWLQJKLVFKLVHOIDOOWRWKHIORRU
$ODVIDOWHUHGRXWWKHDEEHDOOLVRYHUZLWKPH,DP
VHL]HGZLWKDWHUULEOHSHUKDSVPRUWDOLOOQHVV,FDQIHHO
WKDWWKHSDUR[\VPLVIDVWDSSURDFKLQJ,KDGDVLPLODU
DWWDFNWKH\HDUSUHYLRXVWRP\LPSULVRQPHQW7KLVPDODG\
DGPLWVEXWRIRQHUHPHG\,ZLOOWHOO\RXZKDWWKDWLV*R
LQWRP\FHOODVTXLFNO\DV\RXFDQGUDZRXWRQHRIWKHIHHW
WKDWVXSSRUWWKHEHG\RXZLOOILQGLWKDVEHHQKROORZHGRXW
IRUWKHSXUSRVHRIFRQWDLQLQJDVPDOOSKLDO\RXZLOOVHH
WKHUHKDOIILOOHGZLWKDUHGORRNLQJIOXLG%ULQJLWWRPH
RUUDWKHUQRQR,PD\EHIRXQGKHUHWKHUHIRUH
KHOSPHEDFNWRP\URRPZKLOH,KDYHWKHVWUHQJWKWRGUDJ
P\VHOIDORQJ:KRNQRZVZKDWPD\KDSSHQRUKRZORQJWKH
DWWDFNPD\ODVW"
,QVSLWHRIWKHPDJQLWXGHRIWKHPLVIRUWXQHZKLFKWKXV
VXGGHQO\IUXVWUDWHGKLVKRSHV'DQWHVGLGQRWORVHKLV
SUHVHQFHRIPLQGEXWGHVFHQGHGLQWRWKHSDVVDJHGUDJJLQJ
KLVXQIRUWXQDWHFRPSDQLRQZLWKKLPWKHQKDOIFDUU\LQJ
KDOIVXSSRUWLQJKLPKHPDQDJHGWRUHDFKWKHDEEH
VFKDPEHU
ZKHQKHLPPHGLDWHO\ODLGWKHVXIIHUHURQKLVEHG
7KDQNVVDLGWKHSRRUDEEHVKLYHULQJDVWKRXJKKLVYHLQV
ZHUHILOOHGZLWKLFH,DPDERXWWREHVHL]HGZLWKDILWRI
FDWDOHSV\ZKHQLWFRPHVWRLWVKHLJKW,VKDOOSUREDEO\OLH
VWLOODQGPRWLRQOHVVDVWKRXJKGHDGXWWHULQJQHLWKHUVLJK
QRUJURDQ2QWKHRWKHUKDQGWKHV\PSWRPVPD\EHPXFKPRUH
YLROHQWDQGFDXVHPHWRIDOOLQWRIHDUIXOFRQYXOVLRQVIRDP
DWWKHPRXWKDQGFU\RXWORXGO\7DNHFDUHP\FULHVDUHQRW
KHDUGIRULIWKH\DUHLWLVPRUHWKDQSUREDEOH,VKRXOGEH
UHPRYHGWRDQRWKHUSDUWRIWKHSULVRQDQGZHEHVHSDUDWHG
IRUHYHU:KHQ,EHFRPHTXLWHPRWLRQOHVVFROGDQGULJLGDV
DFRUSVHWKHQDQGQRWEHIRUHEHFDUHIXODERXWWKLV
IRUFHRSHQP\WHHWKZLWKWKHNQLIHSRXUIURPHLJKWWRWHQ
GURSVRIWKHOLTXRUFRQWDLQWHGLQWKHSKLDOGRZQP\WKURDW

194

DQG,PD\SHUKDSVUHYLYH
3HUKDSVH[FODLPHG'DQWHVLQJULHIVWULFNHQWRQHV
+HOSKHOSFULHGWKHDEEH,,GLH,
6RVXGGHQDQGYLROHQWZDVWKHILWWKDWWKHXQIRUWXQDWH
SULVRQHUZDVXQDEOHWRFRPSOHWHWKHVHQWHQFHDYLROHQW
FRQYXOVLRQVKRRNKLVZKROHIUDPHKLVH\HVVWDUWHGIURP
WKHLUVRFNHWVKLVPRXWKZDVGUDZQRQRQHVLGHKLVFKHHNV
EHFDPHSXUSOHKHVWUXJJOHGIRDPHGGDVKHGKLPVHOIDERXW
DQGXWWHUHGWKHPRVWGUHDGIXOFULHVZKLFKKRZHYHU'DQWHV
SUHYHQWHGIURPEHLQJKHDUGE\FRYHULQJKLVKHDGZLWKWKH
EODQNHW7KHILWODVWHGWZRKRXUVWKHQPRUHKHOSOHVVWKDQ
DQLQIDQWDQGFROGHUDQGSDOHUWKDQPDUEOHPRUHFUXVKHG
DQGEURNHQWKDQDUHHGWUDPSOHGXQGHUIRRWKHIHOOEDFN
GRXEOHGXSLQRQHODVWFRQYXOVLRQDQGEHFDPHDVULJLGDVD
FRUSVH
(GPRQGZDLWHGWLOOOLIHVHHPHGH[WLQFWLQWKHERG\RIKLV
IULHQGWKHQWDNLQJXSWKHNQLIHKHZLWKGLIILFXOW\IRUFHG
RSHQWKHFORVHO\IL[HGMDZVFDUHIXOO\DGPLQLVWHUHGWKH
DSSRLQWHGQXPEHURIGURSVDQGDQ[LRXVO\DZDLWHGWKHUHVXOW
$QKRXUSDVVHGDZD\DQGWKHROGPDQJDYHQRVLJQRI
UHWXUQLQJDQLPDWLRQ'DQWHVEHJDQWRIHDUKHKDGGHOD\HGWRR
ORQJHUHKHDGPLQLVWHUHGWKHUHPHG\DQGWKUXVWLQJKLV
KDQGVLQWRKLVKDLUFRQWLQXHGJD]LQJRQWKHOLIHOHVV
IHDWXUHVRIKLVIULHQG$WOHQJWKDVOLJKWFRORUWLQJHGWKH
OLYLGFKHHNVFRQVFLRXVQHVVUHWXUQHGWRWKHGXOORSHQ
H\HEDOOVDIDLQWVLJKLVVXHGIURPWKHOLSVDQGWKH
VXIIHUHUPDGHDIHHEOHHIIRUWWRPRYH
+HLVVDYHGKHLVVDYHGFULHG'DQWHVLQDSDUR[\VPRI
GHOLJKW
7KHVLFNPDQZDVQRW\HWDEOHWRVSHDNEXWKHSRLQWHGZLWK
HYLGHQWDQ[LHW\WRZDUGVWKHGRRU'DQWHVOLVWHQHGDQG
SODLQO\GLVWLQJXLVKHGWKHDSSURDFKLQJVWHSVRIWKHMDLOHU
,WZDVWKHUHIRUHQHDUVHYHQR
FORFNEXW(GPRQG
VDQ[LHW\
KDGSXWDOOWKRXJKWVRIWLPHRXWRIKLVKHDG7KH\RXQJPDQ
VSUDQJWRWKHHQWUDQFHGDUWHGWKURXJKLWFDUHIXOO\GUDZLQJ
WKHVWRQHRYHUWKHRSHQLQJDQGKXUULHGWRKLVFHOO+HKDG
VFDUFHO\GRQHVREHIRUHWKHGRRURSHQHGDQGWKHMDLOHUVDZ
WKHSULVRQHUVHDWHGDVXVXDORQWKHVLGHRIKLVEHG$OPRVW

195

EHIRUHWKHNH\KDGWXUQHGLQWKHORFNDQGEHIRUHWKH
GHSDUWLQJVWHSVRIWKHMDLOHUKDGGLHGDZD\LQWKHORQJ
FRUULGRUKHKDGWRWUDYHUVH'DQWHVZKRVHUHVWOHVVDQ[LHW\
FRQFHUQLQJKLVIULHQGOHIWKLPQRGHVLUHWRWRXFKWKHIRRG
EURXJKWKLPKXUULHGEDFNWRWKHDEEH
VFKDPEHUDQGUDLVLQJ
WKHVWRQHE\SUHVVLQJKLVKHDGDJDLQVWLWZDVVRRQEHVLGH
WKHVLFNPDQ
VFRXFK)DULDKDGQRZIXOO\UHJDLQHGKLV
FRQVFLRXVQHVVEXWKHVWLOOOD\KHOSOHVVDQGH[KDXVWHG
,GLGQRWH[SHFWWRVHH\RXDJDLQVDLGKHIHHEO\WR
'DQWHV
$QGZK\QRW"DVNHGWKH\RXQJPDQ'LG\RXIDQF\\RXUVHOI
G\LQJ"
1R,KDGQRVXFKLGHDEXWNQRZLQJWKDWDOOZDVUHDG\IRU
IOLJKW,WKRXJKW\RXPLJKWKDYHPDGH\RXUHVFDSH7KHGHHS
JORZRILQGLJQDWLRQVXIIXVHGWKHFKHHNVRI'DQWHV
:LWKRXW\RX"'LG\RXUHDOO\WKLQNPHFDSDEOHRIWKDW"
$WOHDVWVDLGWKHDEEH,QRZVHHKRZZURQJVXFKDQ
RSLQLRQZRXOGKDYHEHHQ$ODVDODV,DPIHDUIXOO\
H[KDXVWHGDQGGHELOLWDWHGE\WKLVDWWDFN
%HRIJRRGFKHHUUHSOLHG'DQWHV\RXUVWUHQJWKZLOO
UHWXUQ$QGDVKHVSRNHKHVHDWHGKLPVHOIQHDUWKHEHG
EHVLGH)DULDDQGWRRNKLVKDQGV7KHDEEHVKRRNKLVKHDG
7KHODVWDWWDFN,KDGVDLGKHODVWHGEXWKDOIDQKRXU
DQGDIWHULW,ZDVKXQJU\DQGJRWXSZLWKRXWKHOSQRZ,
FDQPRYHQHLWKHUP\ULJKWDUPQRUOHJDQGP\KHDGVHHPV
XQFRPIRUWDEOHZKLFKVKRZVWKDWWKHUHKDVEHHQDVXIIXVLRQ
RIEORRGRQWKHEUDLQ7KHWKLUGDWWDFNZLOOHLWKHUFDUU\PH
RIIRUOHDYHPHSDUDO\]HGIRUOLIH
1RQRFULHG'DQWHV\RXDUHPLVWDNHQ\RXZLOOQRW
GLH$QG\RXUWKLUGDWWDFN LILQGHHG\RXVKRXOGKDYH
DQRWKHU ZLOOILQG\RXDWOLEHUW\:HVKDOOVDYH\RXDQRWKHU
WLPHDVZHKDYHGRQHWKLVRQO\ZLWKDEHWWHUFKDQFHRI
VXFFHVVEHFDXVHZHVKDOOEHDEOHWRFRPPDQGHYHU\UHTXLVLWH
DVVLVWDQFH
0\JRRG(GPRQGDQVZHUHGWKHDEEHEHQRWGHFHLYHG7KH

196

DWWDFNZKLFKKDVMXVWSDVVHGDZD\FRQGHPQVPHIRUHYHUWR
WKHZDOOVRIDSULVRQ1RQHFDQIO\IURPDGXQJHRQZKR
FDQQRWZDON
:HOOZHZLOOZDLWDZHHNDPRQWKWZRPRQWKVLIQHHG
EHDQGPHDQZKLOH\RXUVWUHQJWKZLOOUHWXUQ(YHU\WKLQJ
LVLQUHDGLQHVVIRURXUIOLJKWDQGZHFDQVHOHFWDQ\WLPH
ZHFKRRVH$VVRRQDV\RXIHHODEOHWRVZLPZHZLOOJR
,VKDOOQHYHUVZLPDJDLQUHSOLHG)DULD7KLVDUPLV
SDUDO\]HGQRWIRUDWLPHEXWIRUHYHU/LIWLWDQGMXGJH
LI,DPPLVWDNHQ7KH\RXQJPDQUDLVHGWKHDUPZKLFKIHOO
EDFNE\LWVRZQZHLJKWSHUIHFWO\LQDQLPDWHDQGKHOSOHVV$
VLJKHVFDSHGKLP
<RXDUHFRQYLQFHGQRZ(GPRQGDUH\RXQRW"DVNHGWKH
DEEH'HSHQGXSRQLW,NQRZZKDW,VD\6LQFHWKHILUVW
DWWDFN,H[SHULHQFHGRIWKLVPDODG\,KDYHFRQWLQXDOO\
UHIOHFWHGRQLW,QGHHG,H[SHFWHGLWIRULWLVDIDPLO\
LQKHULWDQFHERWKP\IDWKHUDQGJUDQGIDWKHUGLHGRILWLQD
WKLUGDWWDFN7KHSK\VLFLDQZKRSUHSDUHGIRUPHWKHUHPHG\,
KDYHWZLFHVXFFHVVIXOO\WDNHQZDVQRRWKHUWKDQWKH
FHOHEUDWHG&DEDQLVDQGKHSUHGLFWHGDVLPLODUHQGIRUPH
7KHSK\VLFLDQPD\EHPLVWDNHQH[FODLPHG'DQWHV$QGDV
IRU\RXUSRRUDUPZKDWGLIIHUHQFHZLOOWKDWPDNH",FDQ
WDNH\RXRQP\VKRXOGHUVDQGVZLPIRUERWKRIXV
0\VRQVDLGWKHDEEH\RXZKRDUHDVDLORUDQGD
VZLPPHUPXVWNQRZDVZHOODV,GRWKDWDPDQVRORDGHG
ZRXOGVLQNEHIRUHKHKDGGRQHILIW\VWURNHV&HDVHWKHQWR
DOORZ\RXUVHOIWREHGXSHGE\YDLQKRSHVWKDWHYHQ\RXURZQ
H[FHOOHQWKHDUWUHIXVHVWREHOLHYHLQ+HUH,VKDOOUHPDLQ
WLOOWKHKRXURIP\GHOLYHUDQFHDUULYHVDQGWKDWLQDOO
KXPDQSUREDELOLW\ZLOOEHWKHKRXURIP\GHDWK$VIRU\RX
ZKRDUH\RXQJDQGDFWLYHGHOD\QRWRQP\DFFRXQWEXWIO\
JR,JLYH\RXEDFN\RXUSURPLVH
,WLVZHOOVDLG'DQWHV7KHQ,VKDOODOVRUHPDLQ7KHQ
ULVLQJDQGH[WHQGLQJKLVKDQGZLWKDQDLURIVROHPQLW\RYHU
WKHROGPDQ
VKHDGKHVORZO\DGGHG%\WKHEORRGRI&KULVW
,VZHDUQHYHUWROHDYH\RXZKLOH\RXOLYH
)DULDJD]HGIRQGO\RQKLVQREOHPLQGHGVLQJOHKHDUWHG

197

KLJKSULQFLSOHG\RXQJIULHQGDQGUHDGLQKLVFRXQWHQDQFH
DPSOHFRQILUPDWLRQRIWKHVLQFHULW\RIKLVGHYRWLRQDQGWKH
OR\DOW\RIKLVSXUSRVH
7KDQNVPXUPXUHGWKHLQYDOLGH[WHQGLQJRQHKDQG,
DFFHSW<RXPD\RQHRIWKHVHGD\VUHDSWKHUHZDUGRI\RXU
GLVLQWHUHVWHGGHYRWLRQ%XWDV,FDQQRWDQG\RXZLOOQRW
TXLWWKLVSODFHLWEHFRPHVQHFHVVDU\WRILOOXSWKH
H[FDYDWLRQEHQHDWKWKHVROGLHU
VJDOOHU\KHPLJKWE\
FKDQFHKHDUWKHKROORZVRXQGRIKLVIRRWVWHSVDQGFDOOWKH
DWWHQWLRQRIKLVRIILFHUWRWKHFLUFXPVWDQFH7KDWZRXOG
EULQJDERXWDGLVFRYHU\ZKLFKZRXOGLQHYLWDEO\OHDGWRRXU
EHLQJVHSDUDWHG*RWKHQDQGVHWDERXWWKLVZRUNLQ
ZKLFKXQKDSSLO\,FDQRIIHU\RXQRDVVLVWDQFHNHHSDWLW
DOOQLJKWLIQHFHVVDU\DQGGRQRWUHWXUQKHUHWRPRUURZ
WLOODIWHUWKHMDLOHUKLVYLVLWHGPH,VKDOOKDYHVRPHWKLQJ
RIWKHJUHDWHVWLPSRUWDQFHWRFRPPXQLFDWHWR\RX
'DQWHVWRRNWKHKDQGRIWKHDEEHLQKLVDQGDIIHFWLRQDWHO\
SUHVVHGLW)DULDVPLOHGHQFRXUDJLQJO\RQKLPDQGWKH\RXQJ
PDQUHWLUHGWRKLVWDVNLQWKHVSLULWRIREHGLHQFHDQG
UHVSHFWZKLFKKHKDGVZRUQWRVKRZWRZDUGVKLVDJHGIULHQG

&KDSWHU
7KH7UHDVXUH
:KHQ'DQWHVUHWXUQHGQH[WPRUQLQJWRWKHFKDPEHURIKLV
FRPSDQLRQLQFDSWLYLW\KHIRXQG)DULDVHDWHGDQGORRNLQJ
FRPSRVHG,QWKHUD\RIOLJKWZKLFKHQWHUHGE\WKHQDUURZ
ZLQGRZRIKLVFHOOKHKHOGRSHQLQKLVOHIWKDQGRIZKLFK
DORQHLWZLOOEHUHFROOHFWHGKHUHWDLQHGWKHXVHDVKHHW
RISDSHUZKLFKIURPEHLQJFRQVWDQWO\UROOHGLQWRDVPDOO
FRPSDVVKDGWKHIRUPRIDF\OLQGHUDQGZDVQRWHDVLO\NHSW
RSHQ+HGLGQRWVSHDNEXWVKRZHGWKHSDSHUWR'DQWHV
:KDWLVWKDW"KHLQTXLUHG
/RRNDWLWVDLGWKHDEEHZLWKDVPLOH
,KDYHORRNHGDWLWZLWKDOOSRVVLEOHDWWHQWLRQVDLG
'DQWHVDQG,RQO\VHHDKDOIEXUQWSDSHURQZKLFKDUH
WUDFHVRI*RWKLFFKDUDFWHUVLQVFULEHGZLWKDSHFXOLDUNLQG

198

RILQN
7KLVSDSHUP\IULHQGVDLG)DULD,PD\QRZDYRZWR\RX
VLQFH,KDYHWKHSURRIRI\RXUILGHOLW\WKLVSDSHULVP\
WUHDVXUHRIZKLFKIURPWKLVGD\IRUWKRQHKDOIEHORQJVWR
\RX
7KHVZHDWVWDUWHGIRUWKRQ'DQWHVEURZ8QWLOWKLVGD\DQG
IRUKRZORQJDWLPHKHKDGUHIUDLQHGIURPWDONLQJRIWKH
WUHDVXUHZKLFKKDGEURXJKWXSRQWKHDEEHWKHDFFXVDWLRQRI
PDGQHVV:LWKKLVLQVWLQFWLYHGHOLFDF\(GPRQGKDGSUHIHUUHG
DYRLGLQJDQ\WRXFKRQWKLVSDLQIXOFKRUGDQG)DULDKDGEHHQ
HTXDOO\VLOHQW+HKDGWDNHQWKHVLOHQFHRIWKHROGPDQIRU
DUHWXUQWRUHDVRQDQGQRZWKHVHIHZZRUGVXWWHUHGE\
)DULDDIWHUVRSDLQIXODFULVLVVHHPHGWRLQGLFDWHD
VHULRXVUHODSVHLQWRPHQWDODOLHQDWLRQ
<RXUWUHDVXUH"VWDPPHUHG'DQWHV)DULDVPLOHG
<HVVDLGKH<RXKDYHLQGHHGDQREOHQDWXUH(GPRQG
DQG,VHHE\\RXUSDOHQHVVDQGDJLWDWLRQZKDWLVSDVVLQJLQ
\RXUKHDUWDWWKLVPRPHQW1REHDVVXUHG,DPQRWPDG
7KLVWUHDVXUHH[LVWV'DQWHVDQGLI,KDYHQRWEHHQDOORZHG
WRSRVVHVVLW\RXZLOO<HV\RX1RRQHZRXOGOLVWHQRU
EHOLHYHPHEHFDXVHHYHU\RQHWKRXJKWPHPDGEXW\RXZKR
PXVWNQRZWKDW,DPQRWOLVWHQWRPHDQGEHOLHYHPHVR
DIWHUZDUGVLI\RXZLOO
$ODVPXUPXUHG(GPRQGWRKLPVHOIWKLVLVDWHUULEOH
UHODSVH7KHUHZDVRQO\WKLVEORZZDQWLQJ7KHQKHVDLG
DORXG0\GHDUIULHQG\RXUDWWDFNKDVSHUKDSVIDWLJXHG
\RXKDG\RXQRWEHWWHUUHSRVHDZKLOH"7RPRUURZLI\RX
ZLOO,ZLOOKHDU\RXUQDUUDWLYHEXWWRGD\,ZLVKWRQXUVH
\RXFDUHIXOO\%HVLGHVKHVDLGDWUHDVXUHLVQRWDWKLQJ
ZHQHHGKXUU\DERXW
2QWKHFRQWUDU\LWLVDPDWWHURIWKHXWPRVWLPSRUWDQFH
(GPRQGUHSOLHGWKHROGPDQ:KRNQRZVLIWRPRUURZRU
WKHQH[WGD\DIWHUWKHWKLUGDWWDFNPD\QRWFRPHRQ"DQG
WKHQPXVWQRWDOOEHRYHU"<HVLQGHHG,KDYHRIWHQWKRXJKW
ZLWKDELWWHUMR\WKDWWKHVHULFKHVZKLFKZRXOGPDNHWKH
ZHDOWKRIDGR]HQIDPLOLHVZLOOEHIRUHYHUORVWWRWKRVH
PHQZKRSHUVHFXWHPH7KLVLGHDZDVRQHRIYHQJHDQFHWRPH
DQG,WDVWHGLWVORZO\LQWKHQLJKWRIP\GXQJHRQDQGWKH

199

GHVSDLURIP\FDSWLYLW\%XWQRZ,KDYHIRUJLYHQWKHZRUOG
IRUWKHORYHRI\RXQRZWKDW,VHH\RX\RXQJDQGZLWKD
SURPLVLQJIXWXUHQRZWKDW,WKLQNRIDOOWKDWPD\UHVXOW
WR\RXLQWKHJRRGIRUWXQHRIVXFKDGLVFORVXUH,VKXGGHU
DWDQ\GHOD\DQGWUHPEOHOHVW,VKRXOGQRWDVVXUHWRRQHDV
ZRUWK\DV\RXUVHOIWKHSRVVHVVLRQRIVRYDVWDQDPRXQWRI
KLGGHQZHDOWK(GPRQGWXUQHGDZD\KLVKHDGZLWKDVLJK
<RXSHUVLVWLQ\RXULQFUHGXOLW\(GPRQGFRQWLQXHG)DULD
0\ZRUGVKDYHQRWFRQYLQFHG\RX,VHH\RXUHTXLUHSURRIV
:HOOWKHQUHDGWKLVSDSHUZKLFK,KDYHQHYHUVKRZQWRDQ\
RQH
7RPRUURZP\GHDUIULHQGVDLG(GPRQGGHVLURXVRIQRW
\LHOGLQJWRWKHROGPDQ
VPDGQHVV,WKRXJKWLWZDV
XQGHUVWRRGWKDWZHVKRXOGQRWWDONRIWKDWXQWLOWRPRUURZ
7KHQZHZLOOQRWWDONRILWXQWLOWRPRUURZEXWUHDGWKLV
SDSHUWRGD\
,ZLOOQRWLUULWDWHKLPWKRXJKW(GPRQGDQGWDNLQJWKH
SDSHURIZKLFKKDOIZDVZDQWLQJKDYLQJEHHQEXUQWQR
GRXEWE\VRPHDFFLGHQWKHUHDG
7KLVWUHDVXUHZKLFKPD\DPRXQWWRWZR
RI5RPDQFURZQVLQWKHPRVWGLVWDQWD
RIWKHVHFRQGRSHQLQJZK
GHFODUHWREHORQJWRKLPDOR
KHLU
WK$SULOO
:HOOVDLG)DULDZKHQWKH\RXQJPDQKDGILQLVKHGUHDGLQJ
LW
:K\UHSOLHG'DQWHV,VHHQRWKLQJEXWEURNHQOLQHVDQG
XQFRQQHFWHGZRUGVZKLFKDUHUHQGHUHGLOOHJLEOHE\ILUH
<HVWR\RXP\IULHQGZKRUHDGWKHPIRUWKHILUVWWLPH
EXWQRWIRUPHZKRKDYHJURZQSDOHRYHUWKHPE\PDQ\
QLJKWV
VWXG\DQGKDYHUHFRQVWUXFWHGHYHU\SKUDVH
FRPSOHWHGHYHU\WKRXJKW
$QGGR\RXEHOLHYH\RXKDYHGLVFRYHUHGWKHKLGGHQPHDQLQJ"

200

,DPVXUH,KDYHDQG\RXVKDOOMXGJHIRU\RXUVHOIEXW
ILUVWOLVWHQWRWKHKLVWRU\RIWKLVSDSHU
6LOHQFHH[FODLPHG'DQWHV6WHSVDSSURDFK,JR
DGLHX
$QG'DQWHVKDSS\WRHVFDSHWKHKLVWRU\DQGH[SODQDWLRQ
ZKLFKZRXOGEHVXUHWRFRQILUPKLVEHOLHILQKLVIULHQG
V
PHQWDOLQVWDELOLW\JOLGHGOLNHDVQDNHDORQJWKHQDUURZ
SDVVDJHZKLOH)DULDUHVWRUHGE\KLVDODUPWRDFHUWDLQ
DPRXQWRIDFWLYLW\SXVKHGWKHVWRQHLQWRSODFHZLWKKLV
IRRWDQGFRYHUHGLWZLWKDPDWLQRUGHUWKHPRUH
HIIHFWXDOO\WRDYRLGGLVFRYHU\
,WZDVWKHJRYHUQRUZKRKHDULQJRI)DULD
VLOOQHVVIURP
WKHMDLOHUKDGFRPHLQSHUVRQWRVHHKLP
)DULDVDWXSWRUHFHLYHKLPDYRLGLQJDOOJHVWXUHVLQRUGHU
WKDWKHPLJKWFRQFHDOIURPWKHJRYHUQRUWKHSDUDO\VLVWKDW
KDGDOUHDG\KDOIVWULFNHQKLPZLWKGHDWK+LVIHDUZDVOHVW
WKHJRYHUQRUWRXFKHGZLWKSLW\PLJKWRUGHUKLPWREH
UHPRYHGWREHWWHUTXDUWHUVDQGWKXVVHSDUDWHKLPIURPKLV
\RXQJFRPSDQLRQ%XWIRUWXQDWHO\WKLVZDVQRWWKHFDVHDQG
WKHJRYHUQRUOHIWKLPFRQYLQFHGWKDWWKHSRRUPDGPDQIRU
ZKRPLQKLVKHDUWKHIHOWDNLQGRIDIIHFWLRQZDVRQO\
WURXEOHGZLWKDVOLJKWLQGLVSRVLWLRQ
'XULQJWKLVWLPH(GPRQGVHDWHGRQKLVEHGZLWKKLVKHDGLQ
KLVKDQGVWULHGWRFROOHFWKLVVFDWWHUHGWKRXJKWV)DULD
VLQFHWKHLUILUVWDFTXDLQWDQFHKDGEHHQRQDOOSRLQWVVR
UDWLRQDODQGORJLFDOVRZRQGHUIXOO\VDJDFLRXVLQIDFW
WKDWKHFRXOGQRWXQGHUVWDQGKRZVRPXFKZLVGRPRQDOO
SRLQWVFRXOGEHDOOLHGZLWKPDGQHVV:DV)DULDGHFHLYHGDV
WRKLVWUHDVXUHRUZDVDOOWKHZRUOGGHFHLYHGDVWR)DULD"
'DQWHVUHPDLQHGLQKLVFHOODOOGD\QRWGDULQJWRUHWXUQWR
KLVIULHQGWKLQNLQJWKXVWRGHIHUWKHPRPHQWZKHQKHVKRXOG
EHFRQYLQFHGRQFHIRUDOOWKDWWKHDEEHZDVPDGVXFKD
FRQYLFWLRQZRXOGEHVRWHUULEOH
%XWWRZDUGVWKHHYHQLQJDIWHUWKHKRXUIRUWKHFXVWRPDU\
YLVLWKDGJRQHE\)DULDQRWVHHLQJWKH\RXQJPDQDSSHDU
WULHGWRPRYHDQGJHWRYHUWKHGLVWDQFHZKLFKVHSDUDWHG
WKHP(GPRQGVKXGGHUHGZKHQKHKHDUGWKHSDLQIXOHIIRUWV

201

ZKLFKWKHROGPDQPDGHWRGUDJKLPVHOIDORQJKLVOHJZDV
LQHUWDQGKHFRXOGQRORQJHUPDNHXVHRIRQHDUP(GPRQG
ZDVREOLJHGWRDVVLVWKLPIRURWKHUZLVHKHZRXOGQRWKDYH
EHHQDEOHWRHQWHUE\WKHVPDOODSHUWXUHZKLFKOHGWR
'DQWHV
FKDPEHU
+HUH,DPSXUVXLQJ\RXUHPRUVHOHVVO\KHVDLGZLWKD
EHQLJQDQWVPLOH<RXWKRXJKWWRHVFDSHP\PXQLILFHQFHEXW
LWLVLQYDLQ/LVWHQWRPH
(GPRQGVDZWKHUHZDVQRHVFDSHDQGSODFLQJWKHROGPDQRQ
KLVEHGKHVHDWHGKLPVHOIRQWKHVWRROEHVLGHKLP
<RXNQRZVDLGWKHDEEHWKDW,ZDVWKHVHFUHWDU\DQG
LQWLPDWHIULHQGRI&DUGLQDO6SDGDWKHODVWRIWKHSULQFHV
RIWKDWQDPH,RZHWRWKLVZRUWK\ORUGDOOWKHKDSSLQHVV,
HYHUNQHZ+HZDVQRWULFKDOWKRXJKWKHZHDOWKRIKLV
IDPLO\KDGSDVVHGLQWRDSURYHUEDQG,KHDUGWKHSKUDVH
YHU\RIWHQC$VULFKDVD6SDGD
%XWKHOLNHSXEOLFUXPRU
OLYHGRQWKLVUHSXWDWLRQIRUZHDOWKKLVSDODFHZDVP\
SDUDGLVH,ZDVWXWRUWRKLVQHSKHZVZKRDUHGHDGDQGZKHQ
KHZDVDORQHLQWKHZRUOG,WULHGE\DEVROXWHGHYRWLRQWR
KLVZLOOWRPDNHXSWRKLPDOOKHKDGGRQHIRUPHGXULQJ
WHQ\HDUVRIXQUHPLWWLQJNLQGQHVV7KHFDUGLQDO
VKRXVHKDG
QRVHFUHWVIRUPH,KDGRIWHQVHHQP\QREOHSDWURQ
DQQRWDWLQJDQFLHQWYROXPHVDQGHDJHUO\VHDUFKLQJDPRQJVW
GXVW\IDPLO\PDQXVFULSWV2QHGD\ZKHQ,ZDVUHSURDFKLQJKLP
IRUKLVXQDYDLOLQJVHDUFKHVDQGGHSORULQJWKHSURVWUDWLRQ
RIPLQGWKDWIROORZHGWKHPKHORRNHGDWPHDQGVPLOLQJ
ELWWHUO\RSHQHGDYROXPHUHODWLQJWRWKH+LVWRU\RIWKH
&LW\RI5RPH7KHUHLQWKHWZHQWLHWKFKDSWHURIWKH/LIHRI
3RSH$OH[DQGHU9,ZHUHWKHIROORZLQJOLQHVZKLFK,FDQ
QHYHUIRUJHW
C7KHJUHDWZDUVRI5RPDJQDKDGHQGHG&DHVDU%RUJLDZKR
KDGFRPSOHWHGKLVFRQTXHVWKDGQHHGRIPRQH\WRSXUFKDVH
DOO,WDO\7KHSRSHKDGDOVRQHHGRIPRQH\WREULQJPDWWHUV
WRDQHQGZLWK/RXLV;,,.LQJRI)UDQFHZKRZDVIRUPLGDEOH
VWLOOLQVSLWHRIKLVUHFHQWUHYHUVHVDQGLWZDVQHFHVVDU\
WKHUHIRUHWRKDYHUHFRXUVHWRVRPHSURILWDEOHVFKHPHZKLFK
ZDVDPDWWHURIJUHDWGLIILFXOW\LQWKHLPSRYHULVKHG
FRQGLWLRQRIH[KDXVWHG,WDO\+LVKROLQHVVKDGDQLGHD+H
GHWHUPLQHGWRPDNHWZRFDUGLQDOV

202

%\FKRRVLQJWZRRIWKHJUHDWHVWSHUVRQDJHVRI5RPH
HVSHFLDOO\ULFKPHQWKLVZDVWKHUHWXUQWKHKRO\IDWKHU
ORRNHGIRU,QWKHILUVWSODFHKHFRXOGVHOOWKHJUHDW
DSSRLQWPHQWVDQGVSOHQGLGRIILFHVZKLFKWKHFDUGLQDOV
DOUHDG\KHOGDQGWKHQKHKDGWKHWZRKDWVWRVHOOEHVLGHV
7KHUHZDVDWKLUGSRLQWLQYLHZZKLFKZLOODSSHDU
KHUHDIWHU7KHSRSHDQG&DHVDU%RUJLDILUVWIRXQGWKHWZR
IXWXUHFDUGLQDOVWKH\ZHUH*LRYDQQL5RVSLJOLRVLZKRKHOG
IRXURIWKHKLJKHVWGLJQLWLHVRIWKH+RO\6HHDQG&DHVDU
6SDGDRQHRIWKHQREOHVWDQGULFKHVWRIWKH5RPDQQRELOLW\
ERWKIHOWWKHKLJKKRQRURIVXFKDIDYRUIURPWKHSRSH7KH\
ZHUHDPELWLRXVDQG&DHVDU%RUJLDVRRQIRXQGSXUFKDVHUVIRU
WKHLUDSSRLQWPHQWV7KHUHVXOWZDVWKDW5RVSLJOLRVLDQG
6SDGDSDLGIRUEHLQJFDUGLQDOVDQGHLJKWRWKHUSHUVRQVSDLG
IRUWKHRIILFHVWKHFDUGLQDOVKHOGEHIRUHWKHLUHOHYDWLRQ
DQGWKXVHLJKWKXQGUHGWKRXVDQGFURZQVHQWHUHGLQWRWKH
FRIIHUVRIWKHVSHFXODWRUV
,WLVWLPHQRZWRSURFHHGWRWKHODVWSDUWRIWKH
VSHFXODWLRQ7KHSRSHKHDSHGDWWHQWLRQVXSRQ5RVSLJOLRVLDQG
6SDGDFRQIHUUHGXSRQWKHPWKHLQVLJQLDRIWKHFDUGLQDODWH
DQGLQGXFHGWKHPWRDUUDQJHWKHLUDIIDLUVDQGWDNHXSWKHLU
UHVLGHQFHDW5RPH7KHQWKHSRSHDQG&DHVDU%RUJLDLQYLWHG
WKHWZRFDUGLQDOVWRGLQQHU7KLVZDVDPDWWHURIGLVSXWH
EHWZHHQWKHKRO\IDWKHUDQGKLVVRQ&DHVDUWKRXJKWWKH\
FRXOGPDNHXVHRIRQHRIWKHPHDQVZKLFKKHDOZD\VKDGUHDG\
IRUKLVIULHQGVWKDWLVWRVD\LQWKHILUVWSODFHWKH
IDPRXVNH\ZKLFKZDVJLYHQWRFHUWDLQSHUVRQVZLWKWKH
UHTXHVWWKDWWKH\JRDQGRSHQDGHVLJQDWHGFXSERDUG7KLV
NH\ZDVIXUQLVKHGZLWKDVPDOOLURQSRLQWDQHJOLJHQFH
RQWKHSDUWRIWKHORFNVPLWK:KHQWKLVZDVSUHVVHGWR
HIIHFWWKHRSHQLQJRIWKHFXSERDUGRIZKLFKWKHORFNZDV
GLIILFXOWWKHSHUVRQZDVSULFNHGE\WKLVVPDOOSRLQWDQG
GLHGQH[WGD\7KHQWKHUHZDVWKHULQJZLWKWKHOLRQ
VKHDG
ZKLFK&DHVDUZRUHZKHQKHZDQWHGWRJUHHWKLVIULHQGVZLWKD
FODVSRIWKHKDQG7KHOLRQELWWKHKDQGWKXVIDYRUHGDQG
DWWKHHQGRIWZHQW\IRXUKRXUVWKHELWHZDVPRUWDO&DHVDU
SURSRVHGWRKLVIDWKHUWKDWWKH\VKRXOGHLWKHUDVNWKH
FDUGLQDOVWRRSHQWKHFXSERDUGRUVKDNHKDQGVZLWKWKHP
EXW$OH[DQGHU9,UHSOLHGC1RZDVWRWKHZRUWK\FDUGLQDOV
6SDGDDQG5RVSLJOLRVLOHWXVDVNERWKRIWKHPWRGLQQHU
VRPHWKLQJWHOOVPHWKDWZHVKDOOJHWWKDWPRQH\EDFN
%HVLGHV\RXIRUJHW&DHVDUDQLQGLJHVWLRQGHFODUHVLWVHOI
LPPHGLDWHO\ZKLOHDSULFNRUDELWHRFFDVLRQVDGHOD\RID

203

GD\RUWZR
&DHVDUJDYHZD\EHIRUHVXFKFRJHQWUHDVRQLQJ
DQGWKHFDUGLQDOVZHUHFRQVHTXHQWO\LQYLWHGWRGLQQHU
7KHWDEOHZDVODLGLQDYLQH\DUGEHORQJLQJWRWKHSRSH
QHDU6DQ3LHUGDUHQDDFKDUPLQJUHWUHDWZKLFKWKHFDUGLQDOV
NQHZYHU\ZHOOE\UHSRUW5RVSLJOLRVLTXLWHVHWXSZLWKKLV
QHZGLJQLWLHVZHQWZLWKDJRRGDSSHWLWHDQGKLVPRVW
LQJUDWLDWLQJPDQQHU6SDGDDSUXGHQWPDQDQGJUHDWO\
DWWDFKHGWRKLVRQO\QHSKHZD\RXQJFDSWDLQRIWKHKLJKHVW
SURPLVHWRRNSDSHUDQGSHQDQGPDGHKLVZLOO+HWKHQVHQW
ZRUGWRKLVQHSKHZWRZDLWIRUKLPQHDUWKHYLQH\DUGEXWLW
DSSHDUHGWKHVHUYDQWGLGQRWILQGKLP
6SDGDNQHZZKDWWKHVHLQYLWDWLRQVPHDQWVLQFH
&KULVWLDQLW\VRHPLQHQWO\FLYLOL]LQJKDGPDGHSURJUHVVLQ
5RPHLWZDVQRORQJHUDFHQWXULRQZKRFDPHIURPWKHW\UDQW
ZLWKDPHVVDJHC&DHVDUZLOOVWKDW\RXGLH
EXWLWZDVD
OHJDWHDODWHUHZKRFDPHZLWKDVPLOHRQKLVOLSVWRVD\
IURPWKHSRSHC+LVKROLQHVVUHTXHVWV\RXWRGLQHZLWKKLP

6SDGDVHWRXWDERXWWZRR
FORFNWR6DQ3LHUGDUHQD7KHSRSH
DZDLWHGKLP7KHILUVWVLJKWWKDWDWWUDFWHGWKHH\HVRI
6SDGDZDVWKDWRIKLVQHSKHZLQIXOOFRVWXPHDQG&DHVDU
%RUJLDSD\LQJKLPPRVWPDUNHGDWWHQWLRQV6SDGDWXUQHGSDOH
DV&DHVDUORRNHGDWKLPZLWKDQLURQLFDODLUZKLFKSURYHG
WKDWKHKDGDQWLFLSDWHGDOODQGWKDWWKHVQDUHZDVZHOO
VSUHDG7KH\EHJDQGLQQHUDQG6SDGDZDVRQO\DEOHWRLQTXLUH
RIKLVQHSKHZLIKHKDGUHFHLYHGKLVPHVVDJH7KHQHSKHZ
UHSOLHGQRSHUIHFWO\FRPSUHKHQGLQJWKHPHDQLQJRIWKH
TXHVWLRQ,WZDVWRRODWHIRUKHKDGDOUHDG\GUXQNDJODVV
RIH[FHOOHQWZLQHSODFHGIRUKLPH[SUHVVO\E\WKHSRSH
V
EXWOHU6SDGDDWWKHVDPHPRPHQWVDZDQRWKHUERWWOHDSSURDFK
KLPZKLFKKHZDVSUHVVHGWRWDVWH$QKRXUDIWHUZDUGVD
SK\VLFLDQGHFODUHGWKH\ZHUHERWKSRLVRQHGWKURXJKHDWLQJ
PXVKURRPV6SDGDGLHGRQWKHWKUHVKROGRIWKHYLQH\DUGWKH
QHSKHZH[SLUHGDWKLVRZQGRRUPDNLQJVLJQVZKLFKKLVZLIH
FRXOGQRWFRPSUHKHQG
7KHQ&DHVDUDQGWKHSRSHKDVWHQHGWROD\KDQGVRQWKH
KHULWDJHXQGHUSUHVHQFHRIVHHNLQJIRUWKHSDSHUVRIWKH
GHDGPDQ%XWWKHLQKHULWDQFHFRQVLVWHGLQWKLVRQO\D
VFUDSRISDSHURQZKLFK6SDGDKDGZULWWHQC,EHTXHDWKWR
P\EHORYHGQHSKHZP\FRIIHUVP\ERRNVDQGDPRQJVWRWKHUV
P\EUHYLDU\ZLWKWKHJROGFRUQHUVZKLFK,EHJKHZLOO

204

SUHVHUYHLQUHPHPEUDQFHRIKLVDIIHFWLRQDWHXQFOH

7KHKHLUVVRXJKWHYHU\ZKHUHDGPLUHGWKHEUHYLDU\ODLG
KDQGVRQWKHIXUQLWXUHDQGZHUHJUHDWO\DVWRQLVKHGWKDW
6SDGDWKHULFKPDQZDVUHDOO\WKHPRVWPLVHUDEOHRIXQFOHV
QRWUHDVXUHVXQOHVVWKH\ZHUHWKRVHRIVFLHQFH
FRQWDLQHGLQWKHOLEUDU\DQGODERUDWRULHV7KDWZDVDOO
&DHVDUDQGKLVIDWKHUVHDUFKHGH[DPLQHGVFUXWLQL]HGEXW
IRXQGQRWKLQJRUDWOHDVWYHU\OLWWOHQRWH[FHHGLQJDIHZ
WKRXVDQGFURZQVLQSODWHDQGDERXWWKHVDPHLQUHDG\PRQH\
EXWWKHQHSKHZKDGWLPHWRVD\WRKLVZLIHEHIRUHKH
H[SLUHGC/RRNZHOODPRQJP\XQFOH
VSDSHUVWKHUHLVD
ZLOO

7KH\VRXJKWHYHQPRUHWKRURXJKO\WKDQWKHDXJXVWKHLUVKDG
GRQHEXWLWZDVIUXLWOHVV7KHUHZHUHWZRSDODFHVDQGD
YLQH\DUGEHKLQGWKH3DODWLQH+LOOEXWLQWKHVHGD\VODQGHG
SURSHUW\KDGQRWPXFKYDOXHDQGWKHWZRSDODFHVDQGWKH
YLQH\DUGUHPDLQHGWRWKHIDPLO\VLQFHWKH\ZHUHEHQHDWKWKH
UDSDFLW\RIWKHSRSHDQGKLVVRQ0RQWKVDQG\HDUVUROOHG
RQ$OH[DQGHU9,GLHGSRLVRQHG\RXNQRZE\ZKDW
PLVWDNH&DHVDUSRLVRQHGDWWKHVDPHWLPHHVFDSHGE\
VKHGGLQJKLVVNLQOLNHDVQDNHEXWWKHQHZVNLQZDVVSRWWHG
E\WKHSRLVRQWLOOLWORRNHGOLNHDWLJHU
V7KHQFRPSHOOHG
WRTXLW5RPHKHZHQWDQGJRWKLPVHOIREVFXUHO\NLOOHGLQD
QLJKWVNLUPLVKVFDUFHO\QRWLFHGLQKLVWRU\$IWHUWKH
SRSH
VGHDWKDQGKLVVRQ
VH[LOHLWZDVVXSSRVHGWKDWWKH
6SDGDIDPLO\ZRXOGUHVXPHWKHVSOHQGLGSRVLWLRQWKH\KDG
KHOGEHIRUHWKHFDUGLQDO
VWLPHEXWWKLVZDVQRWWKHFDVH
7KH6SDGDVUHPDLQHGLQGRXEWIXOHDVHDP\VWHU\KXQJRYHU
WKLVGDUNDIIDLUDQGWKHSXEOLFUXPRUZDVWKDW&DHVDUD
EHWWHUSROLWLFLDQWKDQKLVIDWKHUKDGFDUULHGRIIIURPWKH
SRSHWKHIRUWXQHRIWKHWZRFDUGLQDOV,VD\WKHWZR
EHFDXVH&DUGLQDO5RVSLJOLRVLZKRKDGQRWWDNHQDQ\
SUHFDXWLRQZDVFRPSOHWHO\GHVSRLOHG
8SWRWKLVSRLQWVDLG)DULDLQWHUUXSWLQJWKHWKUHDGRI
KLVQDUUDWLYHWKLVVHHPVWR\RXYHU\PHDQLQJOHVVQR
GRXEWHK"
2KP\IULHQGFULHG'DQWHVRQWKHFRQWUDU\LWVHHPVDV
LI,ZHUHUHDGLQJDPRVWLQWHUHVWLQJQDUUDWLYHJRRQ,EHJ
RI\RX

205

,ZLOO
7KHIDPLO\EHJDQWRJHWDFFXVWRPHGWRWKHLUREVFXULW\
<HDUVUROOHGRQDQGDPRQJVWWKHGHVFHQGDQWVVRPHZHUH
VROGLHUVRWKHUVGLSORPDWLVWVVRPHFKXUFKPHQVRPHEDQNHUV
VRPHJUHZULFKDQGVRPHZHUHUXLQHG,FRPHQRZWRWKHODVW
RIWKHIDPLO\ZKRVHVHFUHWDU\,ZDVWKH&RXQWRI6SDGD
,KDGRIWHQKHDUGKLPFRPSODLQRIWKHGLVSURSRUWLRQRIKLV
UDQNZLWKKLVIRUWXQHDQG,DGYLVHGKLPWRLQYHVWDOOKH
KDGLQDQDQQXLW\+HGLGVRDQGWKXVGRXEOHGKLVLQFRPH
7KHFHOHEUDWHGEUHYLDU\UHPDLQHGLQWKHIDPLO\DQGZDVLQ
WKHFRXQW
VSRVVHVVLRQ,WKDGEHHQKDQGHGGRZQIURPIDWKHU
WRVRQIRUWKHVLQJXODUFODXVHRIWKHRQO\ZLOOWKDWKDG
EHHQIRXQGKDGFDXVHGLWWREHUHJDUGHGDVDJHQXLQHUHOLF
SUHVHUYHGLQWKHIDPLO\ZLWKVXSHUVWLWLRXVYHQHUDWLRQ,W
ZDVDQLOOXPLQDWHGERRNZLWKEHDXWLIXO*RWKLFFKDUDFWHUV
DQGVRZHLJKW\ZLWKJROGWKDWDVHUYDQWDOZD\VFDUULHGLW
EHIRUHWKHFDUGLQDORQGD\VRIJUHDWVROHPQLW\
$WWKHVLJKWRISDSHUVRIDOOVRUWVWLWOHVFRQWUDFWV
SDUFKPHQWVZKLFKZHUHNHSWLQWKHDUFKLYHVRIWKHIDPLO\
DOOGHVFHQGLQJIURPWKHSRLVRQHGFDUGLQDO,LQP\WXUQ
H[DPLQHGWKHLPPHQVHEXQGOHVRIGRFXPHQWVOLNHWZHQW\
VHUYLWRUVVWHZDUGVVHFUHWDULHVEHIRUHPHEXWLQVSLWHRI
WKHPRVWH[KDXVWLYHUHVHDUFKHV,IRXQGQRWKLQJ<HW,
KDGUHDG,KDGHYHQZULWWHQDSUHFLVHKLVWRU\RIWKH%RUJLD
IDPLO\IRUWKHVROHSXUSRVHRIDVVXULQJP\VHOIZKHWKHUDQ\
LQFUHDVHRIIRUWXQHKDGRFFXUUHGWRWKHPRQWKHGHDWKRIWKH
&DUGLQDO&DHVDU6SDGDEXWFRXOGRQO\WUDFHWKHDFTXLVLWLRQ
RIWKHSURSHUW\RIWKH&DUGLQDO5RVSLJOLRVLKLVFRPSDQLRQ
LQPLVIRUWXQH
,ZDVWKHQDOPRVWDVVXUHGWKDWWKHLQKHULWDQFHKDGQHLWKHU
SURILWHGWKH%RUJLDVQRUWKHIDPLO\EXWKDGUHPDLQHG
XQSRVVHVVHGOLNHWKHWUHDVXUHVRIWKH$UDELDQ1LJKWVZKLFK
VOHSWLQWKHERVRPRIWKHHDUWKXQGHUWKHH\HVRIWKHJHQLH
,VHDUFKHGUDQVDFNHGFRXQWHGFDOFXODWHGDWKRXVDQGDQGD
WKRXVDQGWLPHVWKHLQFRPHDQGH[SHQGLWXUHRIWKHIDPLO\IRU
WKUHHKXQGUHG\HDUV,WZDVXVHOHVV,UHPDLQHGLQP\
LJQRUDQFHDQGWKH&RXQWRI6SDGDLQKLVSRYHUW\0\SDWURQ
GLHG+HKDGUHVHUYHGIURPKLVDQQXLW\KLVIDPLO\SDSHUV
KLVOLEUDU\FRPSRVHGRIILYHWKRXVDQGYROXPHVDQGKLV
IDPRXVEUHYLDU\$OOWKHVHKHEHTXHDWKHGWRPHZLWKD
WKRXVDQG5RPDQFURZQVZKLFKKHKDGLQUHDG\PRQH\RQ

206

FRQGLWLRQWKDW,ZRXOGKDYHDQQLYHUVDU\PDVVHVVDLGIRUWKH
UHSRVHRIKLVVRXODQGWKDW,ZRXOGGUDZXSDJHQHDORJLFDO
WUHHDQGKLVWRU\RIKLVKRXVH$OOWKLV,GLGVFUXSXORXVO\
%HHDV\P\GHDU(GPRQGZHDUHQHDUWKHFRQFOXVLRQ
,QDPRQWKEHIRUH,ZDVDUUHVWHGDQGDIRUWQLJKW
DIWHUWKHGHDWKRIWKH&RXQWRI6SDGDRQWKHWKRI
'HFHPEHU \RXZLOOVHHSUHVHQWO\KRZWKHGDWHEHFDPHIL[HG
LQP\PHPRU\ ,ZDVUHDGLQJIRUWKHWKRXVDQGWKWLPHWKH
SDSHUV,ZDVDUUDQJLQJIRUWKHSDODFHZDVVROGWRD
VWUDQJHUDQG,ZDVJRLQJWROHDYH5RPHDQGVHWWOHDW
)ORUHQFHLQWHQGLQJWRWDNHZLWKPHWZHOYHWKRXVDQGIUDQFV,
SRVVHVVHGP\OLEUDU\DQGWKHIDPRXVEUHYLDU\ZKHQWLUHG
ZLWKP\FRQVWDQWODERUDWWKHVDPHWKLQJDQGRYHUFRPHE\D
KHDY\GLQQHU,KDGHDWHQP\KHDGGURSSHGRQP\KDQGVDQG,
IHOODVOHHSDERXWWKUHHR
FORFNLQWKHDIWHUQRRQ,DZRNHDV
WKHFORFNZDVVWULNLQJVL[,UDLVHGP\KHDG,ZDVLQXWWHU
GDUNQHVV,UDQJIRUDOLJKWEXWDVQRRQHFDPH,
GHWHUPLQHGWRILQGRQHIRUP\VHOI,WZDVLQGHHGEXW
DQWLFLSDWLQJWKHVLPSOHPDQQHUVZKLFK,VKRXOGVRRQEHXQGHU
WKHQHFHVVLW\RIDGRSWLQJ,WRRNDZD[FDQGOHLQRQHKDQG
DQGZLWKWKHRWKHUJURSHGDERXWIRUDSLHFHRISDSHU P\
PDWFKER[EHLQJHPSW\ ZLWKZKLFK,SURSRVHGWRJHWDOLJKW
IURPWKHVPDOOIODPHVWLOOSOD\LQJRQWKHHPEHUV)HDULQJ
KRZHYHUWRPDNHXVHRIDQ\YDOXDEOHSLHFHRISDSHU,
KHVLWDWHGIRUDPRPHQWWKHQUHFROOHFWHGWKDW,KDGVHHQLQ
WKHIDPRXVEUHYLDU\ZKLFKZDVRQWKHWDEOHEHVLGHPHDQ
ROGSDSHUTXLWH\HOORZZLWKDJHDQGZKLFKKDGVHUYHGDVD
PDUNHUIRUFHQWXULHVNHSWWKHUHE\WKHUHTXHVWRIWKH
KHLUV,IHOWIRULWIRXQGLWWZLVWHGLWXSWRJHWKHUDQG
SXWWLQJLWLQWRWKHH[SLULQJIODPHVHWOLJKWWRLW
%XWEHQHDWKP\ILQJHUVDVLIE\PDJLFLQSURSRUWLRQDV
WKHILUHDVFHQGHG,VDZ\HOORZLVKFKDUDFWHUVDSSHDURQWKH
SDSHU,JUDVSHGLWLQP\KDQGSXWRXWWKHIODPHDVTXLFNO\
DV,FRXOGOLJKWHGP\WDSHULQWKHILUHLWVHOIDQGRSHQHG
WKHFUXPSOHGSDSHUZLWKLQH[SUHVVLEOHHPRWLRQUHFRJQL]LQJ
ZKHQ,KDGGRQHVRWKDWWKHVHFKDUDFWHUVKDGEHHQWUDFHGLQ
P\VWHULRXVDQGV\PSDWKHWLFLQNRQO\DSSHDULQJZKHQH[SRVHG
WRWKHILUHQHDUO\RQHWKLUGRIWKHSDSHUKDGEHHQFRQVXPHG
E\WKHIODPH,WZDVWKDWSDSHU\RXUHDGWKLVPRUQLQJUHDG
LWDJDLQ'DQWHVDQGWKHQ,ZLOOFRPSOHWHIRU\RXWKH
LQFRPSOHWHZRUGVDQGXQFRQQHFWHGVHQVH

207

)DULDZLWKDQDLURIWULXPSKRIIHUHGWKHSDSHUWR'DQWHV
ZKRWKLVWLPHUHDGWKHIROORZLQJZRUGVWUDFHGZLWKDQLQN
RIDUHGGLVKFRORUUHVHPEOLQJUXVW
7KLVWKGD\RI$SULOEH
$OH[DQGHU9,DQGIHDULQJWKDWQRW
KHPD\GHVLUHWREHFRPHP\KHLUDQGUH
DQG%HQWLYRJOLRZKRZHUHSRLVRQHG
P\VROHKHLUWKDW,KDYHEX
DQGKDVYLVLWHGZLWKPHWKDWLVLQ
,VODQGRI0RQWH&ULVWRDOO,SRVV
MHZHOVGLDPRQGVJHPVWKDW,DORQH
PD\DPRXQWWRQHDUO\WZRPLO
ZLOOILQGRQUDLVLQJWKHWZHQWLHWKUR
FUHHNWRWKHHDVWLQDULJKWOLQH7ZRRSHQ
LQWKHVHFDYHVWKHWUHDVXUHLVLQWKHIXUWKHVWD
ZKLFKWUHDVXUH,EHTXHDWKDQGOHDYHHQ
DVP\VROHKHLU
WK$SULO
&DHV
$QGQRZVDLGWKHDEEHUHDGWKLVRWKHUSDSHUDQGKH
SUHVHQWHGWR'DQWHVDVHFRQGOHDIZLWKIUDJPHQWVRIOLQHV
ZULWWHQRQLWZKLFK(GPRQGUHDGDVIROORZV
LQJLQYLWHGWRGLQHE\KLV+ROLQHVV
FRQWHQWZLWKPDNLQJPHSD\IRUP\KDW
VHUYHVIRUPHWKHIDWHRI&DUGLQDOV&DSUDUD
,GHFODUHWRP\QHSKHZ*XLGR6SDGD
ULHGLQDSODFHKHNQRZV
WKHFDYHVRIWKHVPDOO
HVVHGRILQJRWVJROGPRQH\
NQRZRIWKHH[LVWHQFHRIWKLVWUHDVXUHZKLFK
OLRQVRI5RPDQFURZQVDQGZKLFKKH
FNIURPWKHVPDOO
LQJVKDYHEHHQPDGH
QJOHLQWKHVHFRQG
WLUHWRKLP
DU6SDGD
)DULDIROORZHGKLPZLWKDQH[FLWHGORRNDQGQRZKHVDLG
ZKHQKHVDZWKDW'DQWHVKDGUHDGWKHODVWOLQHSXWWKHWZR
IUDJPHQWVWRJHWKHUDQGMXGJHIRU\RXUVHOI'DQWHVREH\HG
DQGWKHFRQMRLQWHGSLHFHVJDYHWKHIROORZLQJ

208

7KLVWKGD\RI$SULOEHLQJLQYLWHGWRGLQHE\
KLV+ROLQHVV$OH[DQGHU9,DQGIHDULQJWKDWQRWFRQWHQW
ZLWKPDNLQJPHSD\IRUP\KDWKHPD\GHVLUHWREHFRPHP\
KHLUDQGUHVHUYHVIRUPHWKHIDWHRI&DUGLQDOV&DSUDUD
DQG%HQWLYRJOLRZKRZHUHSRLVRQHG,GHFODUHWRP\QHSKHZ
*XLGR6SDGDP\VROHKHLUWKDW,KDYHEXULHGLQDSODFH
KHNQRZVDQGKDVYLVLWHGZLWKPHWKDWLVLQWKHFDYHVRI
WKHVPDOO,VODQGRI0RQWH&ULVWRDOO,SRVVVVHGRI
LQJRWVJROGPRQH\MHZHOVGLDPRQGVJHPVWKDW,
DORQHNQRZRIWKHH[LVWHQFHRIWKLVWUHDVXUHZKLFKPD\
DPRXQWWRQHDUO\WZRPLOOLRQVRI5RPDQFURZQVDQGZKLFK
KHZLOOILQGRQUDLVLQJWKHWZHQWLHWKURFNIURPWKHVPDOO
FUHHNWRWKHHDVWLQDULJKWOLQH7ZRRSHQLQJVKDYHEHHQ
PDGHLQWKHVHFDYHVWKHWUHDVXUHLVLQWKHIXUWKHVW
DQJOHLQWKHVHFRQGZKLFKWUHDVXUH,EHTXHDWKDQGOHDYH
HQWLUHWRKLPDVP\VROHKHLU
WK$SULO
&DHVDU6SDGD
:HOOGR\RXFRPSUHKHQGQRZ"LQTXLUHG)DULD
,WLVWKHGHFODUDWLRQRI&DUGLQDO6SDGDDQGWKHZLOOVR
ORQJVRXJKWIRUUHSOLHG(GPRQGVWLOOLQFUHGXORXV
<HVDWKRXVDQGWLPHV\HV
$QGZKRFRPSOHWHGLWDVLWQRZLV"
,GLG$LGHGE\WKHUHPDLQLQJIUDJPHQW,JXHVVHGWKHUHVW
PHDVXULQJWKHOHQJWKRIWKHOLQHVE\WKRVHRIWKHSDSHUDQG
GLYLQLQJWKHKLGGHQPHDQLQJE\PHDQVRIZKDWZDVLQSDUW
UHYHDOHGDVZHDUHJXLGHGLQDFDYHUQE\WKHVPDOOUD\RI
OLJKWDERYHXV
$QGZKDWGLG\RXGRZKHQ\RXDUULYHGDWWKLVFRQFOXVLRQ"
,UHVROYHGWRVHWRXWDQGGLGVHWRXWDWWKDWYHU\
LQVWDQWFDUU\LQJZLWKPHWKHEHJLQQLQJRIP\JUHDWZRUN
WKHXQLW\RIWKH,WDOLDQNLQJGRPEXWIRUVRPHWLPHWKH
LPSHULDOSROLFH ZKRDWWKLVSHULRGTXLWHFRQWUDU\WRZKDW
1DSROHRQGHVLUHGVRVRRQDVKHKDGDVRQERUQWRKLPZLVKHG
IRUDSDUWLWLRQRISURYLQFHV KDGWKHLUH\HVRQPHDQGP\
KDVW\GHSDUWXUHWKHFDXVHRIZKLFKWKH\ZHUHXQDEOHWR

209

JXHVVKDYLQJDURXVHGWKHLUVXVSLFLRQV,ZDVDUUHVWHGDW
WKHYHU\PRPHQW,ZDVOHDYLQJ3LRPELQR
1RZFRQWLQXHG)DULDDGGUHVVLQJ'DQWHVZLWKDQDOPRVW
SDWHUQDOH[SUHVVLRQQRZP\GHDUIHOORZ\RXNQRZDVPXFK
DV,GRP\VHOI,IZHHYHUHVFDSHWRJHWKHUKDOIWKLV
WUHDVXUHLV\RXUVLI,GLHKHUHDQG\RXHVFDSHDORQHWKH
ZKROHEHORQJVWR\RX
%XWLQTXLUHG'DQWHVKHVLWDWLQJKDVWKLVWUHDVXUHQR
PRUHOHJLWLPDWHSRVVHVVRULQWKHZRUOGWKDQRXUVHOYHV"
1RQREHHDV\RQWKDWVFRUHWKHIDPLO\LVH[WLQFW7KH
ODVW&RXQWRI6SDGDPRUHRYHUPDGHPHKLVKHLUEHTXHDWKLQJ
WRPHWKLVV\PEROLFEUHYLDU\KHEHTXHDWKHGWRPHDOOLW
FRQWDLQHGQRQRPDNH\RXUPLQGVDWLVILHGRQWKDWSRLQW
,IZHOD\KDQGVRQWKLVIRUWXQHZHPD\HQMR\LWZLWKRXW
UHPRUVH
$QG\RXVD\WKLVWUHDVXUHDPRXQWVWR
7ZRPLOOLRQVRI5RPDQFURZQVQHDUO\WKLUWHHQPLOOLRQVRI
RXUPRQH\
LQ
,PSRVVLEOHVDLG'DQWHVVWDJJHUHGDWWKHHQRUPRXVDPRXQW
,PSRVVLEOH"DQGZK\"DVNHGWKHROGPDQ7KH6SDGDIDPLO\
ZDVRQHRIWKHROGHVWDQGPRVWSRZHUIXOIDPLOLHVRIWKH
ILIWHHQWKFHQWXU\DQGLQWKRVHWLPHVZKHQRWKHU
RSSRUWXQLWLHVIRULQYHVWPHQWZHUHZDQWLQJVXFK
DFFXPXODWLRQVRIJROGDQGMHZHOVZHUHE\QRPHDQVUDUH
WKHUHDUHDWWKLVGD\5RPDQIDPLOLHVSHULVKLQJRIKXQJHU
WKRXJKSRVVHVVHGRIQHDUO\DPLOOLRQLQGLDPRQGVDQGMHZHOV
KDQGHGGRZQE\HQWDLODQGZKLFKWKH\FDQQRWWRXFK(GPRQG
WKRXJKWKHZDVLQDGUHDPKHZDYHUHGEHWZHHQLQFUHGXOLW\
DQGMR\
,KDYHRQO\NHSWWKLVVHFUHWVRORQJIURP\RXFRQWLQXHG
)DULDWKDW,PLJKWWHVW\RXUFKDUDFWHUDQGWKHQVXUSULVH
\RX+DGZHHVFDSHGEHIRUHP\DWWDFNRIFDWDOHSV\,VKRXOG
KDYHFRQGXFWHG\RXWR0RQWH&ULVWRQRZKHDGGHGZLWKD
VLJKLWLV\RXZKRZLOOFRQGXFWPHWKLWKHU:HOO'DQWHV

210

\RXGRQRWWKDQNPH"
7KLVWUHDVXUHEHORQJVWR\RXP\GHDUIULHQGUHSOLHG
'DQWHVDQGWR\RXRQO\,KDYHQRULJKWWRLW,DPQR
UHODWLRQRI\RXUV
<RXDUHP\VRQ'DQWHVH[FODLPHGWKHROGPDQ<RXDUH
WKHFKLOGRIP\FDSWLYLW\0\SURIHVVLRQFRQGHPQVPHWR
FHOLEDF\*RGKDVVHQW\RXWRPHWRFRQVROHDWRQHDQGWKH
VDPHWLPHWKHPDQZKRFRXOGQRWEHDIDWKHUDQGWKH
SULVRQHUZKRFRXOGQRWJHWIUHH$QG)DULDH[WHQGHGWKHDUP
RIZKLFKDORQHWKHXVHUHPDLQHGWRKLPWRWKH\RXQJPDQZKR
WKUHZKLPVHOIXSRQKLVQHFNDQGZHSW

&KDSWHU
7KH7KLUG$WWDFN
1RZWKDWWKLVWUHDVXUHZKLFKKDGVRORQJEHHQWKHREMHFWRI
WKHDEEH
VPHGLWDWLRQVFRXOGLQVXUHWKHIXWXUHKDSSLQHVVRI
KLPZKRP)DULDUHDOO\ORYHGDVDVRQLWKDGGRXEOHGLWV
YDOXHLQKLVH\HVDQGHYHU\GD\KHH[SDWLDWHGRQWKH
DPRXQWH[SODLQLQJWR'DQWHVDOOWKHJRRGZKLFKZLWK
WKLUWHHQRUIRXUWHHQPLOOLRQVRIIUDQFVDPDQFRXOGGRLQ
WKHVHGD\VWRKLVIULHQGVDQGWKHQ'DQWHV
FRXQWHQDQFH
EHFDPHJORRP\IRUWKHRDWKRIYHQJHDQFHKHKDGWDNHQ
UHFXUUHGWRKLVPHPRU\DQGKHUHIOHFWHGKRZPXFKLOOLQ
WKHVHWLPHVDPDQZLWKWKLUWHHQRUIRXUWHHQPLOOLRQVFRXOG
GRWRKLVHQHPLHV
7KHDEEHGLGQRWNQRZWKH,VODQGRI0RQWH&ULVWREXW'DQWHV
NQHZLWDQGKDGRIWHQSDVVHGLWVLWXDWHGWZHQW\ILYHPLOHV
IURP3LDQRVDEHWZHHQ&RUVLFDDQGWKH,VODQGRI(OEDDQG
KDGRQFHWRXFKHGWKHUH7KLVLVODQGZDVDOZD\VKDGEHHQ
DQGVWLOOLVFRPSOHWHO\GHVHUWHG,WLVDURFNRIDOPRVW
FRQLFDOIRUPZKLFKORRNVDVWKRXJKLWKDGEHHQWKUXVWXSE\
YROFDQLFIRUFHIURPWKHGHSWKWRWKHVXUIDFHRIWKHRFHDQ
'DQWHVGUHZDSODQRIWKHLVODQGIRU)DULDDQG)DULDJDYH
'DQWHVDGYLFHDVWRWKHPHDQVKHVKRXOGHPSOR\WRUHFRYHU
WKHWUHDVXUH%XW'DQWHVZDVIDUIURPEHLQJDVHQWKXVLDVWLF
DQGFRQILGHQWDVWKHROGPDQ,WZDVSDVWDTXHVWLRQQRZ
WKDW)DULDZDVQRWDOXQDWLFDQGWKHZD\LQZKLFKKHKDG
DFKLHYHGWKHGLVFRYHU\ZKLFKKDGJLYHQULVHWRWKH

211

VXVSLFLRQRIKLVPDGQHVVLQFUHDVHG(GPRQG
VDGPLUDWLRQRI
KLPEXWDWWKHVDPHWLPH'DQWHVFRXOGQRWEHOLHYHWKDWWKH
GHSRVLWVXSSRVLQJLWKDGHYHUH[LVWHGVWLOOH[LVWHGDQG
WKRXJKKHFRQVLGHUHGWKHWUHDVXUHDVE\QRPHDQVFKLPHULFDO
KH\HWEHOLHYHGLWZDVQRORQJHUWKHUH
+RZHYHUDVLIIDWHUHVROYHGRQGHSULYLQJWKHSULVRQHUVRI
WKHLUODVWFKDQFHDQGPDNLQJWKHPXQGHUVWDQGWKDWWKH\ZHUH
FRQGHPQHGWRSHUSHWXDOLPSULVRQPHQWDQHZPLVIRUWXQHEHIHOO
WKHPWKHJDOOHU\RQWKHVHDVLGHZKLFKKDGORQJEHHQLQ
UXLQVZDVUHEXLOW7KH\KDGUHSDLUHGLWFRPSOHWHO\DQG
VWRSSHGXSZLWKYDVWPDVVHVRIVWRQHWKHKROH'DQWHVKDG
SDUWO\ILOOHGLQ%XWIRUWKLVSUHFDXWLRQZKLFKLWZLOOEH
UHPHPEHUHGWKHDEEHKDGPDGHWR(GPRQGWKHPLVIRUWXQH
ZRXOGKDYHEHHQVWLOOJUHDWHUIRUWKHLUDWWHPSWWRHVFDSH
ZRXOGKDYHEHHQGHWHFWHGDQGWKH\ZRXOGXQGRXEWHGO\KDYH
EHHQVHSDUDWHG7KXVDQHZDVWURQJHUDQGPRUHLQH[RUDEOH
EDUULHUZDVLQWHUSRVHGWRFXWRIIWKHUHDOL]DWLRQRIWKHLU
KRSHV
<RXVHHVDLGWKH\RXQJPDQZLWKDQDLURIVRUURZIXO
UHVLJQDWLRQWR)DULDWKDW*RGGHHPVLWULJKWWRWDNHIURP
PHDQ\FODLPWRPHULWIRUZKDW\RXFDOOP\GHYRWLRQWR\RX
,KDYHSURPLVHGWRUHPDLQIRUHYHUZLWK\RXDQGQRZ,FRXOG
QRWEUHDNP\SURPLVHLI,ZRXOG7KHWUHDVXUHZLOOEHQR
PRUHPLQHWKDQ\RXUVDQGQHLWKHURIXVZLOOTXLWWKLV
SULVRQ%XWP\UHDOWUHDVXUHLVQRWWKDWP\GHDUIULHQG
ZKLFKDZDLWVPHEHQHDWKWKHVRPEUHURFNVRI0RQWH&ULVWRLW
LV\RXUSUHVHQFHRXUOLYLQJWRJHWKHUILYHRUVL[KRXUVD
GD\LQVSLWHRIRXUMDLOHUVLWLVWKHUD\VRILQWHOOLJHQFH
\RXKDYHHOLFLWHGIURPP\EUDLQWKHODQJXDJHV\RXKDYH
LPSODQWHGLQP\PHPRU\DQGZKLFKKDYHWDNHQURRWWKHUHZLWK
DOOWKHLUSKLORORJLFDOUDPLILFDWLRQV7KHVHGLIIHUHQW
VFLHQFHVWKDW\RXKDYHPDGHVRHDV\WRPHE\WKHGHSWKRI
WKHNQRZOHGJH\RXSRVVHVVRIWKHPDQGWKHFOHDUQHVVRIWKH
SULQFLSOHVWRZKLFK\RXKDYHUHGXFHGWKHPWKLVLVP\
WUHDVXUHP\EHORYHGIULHQGDQGZLWKWKLV\RXKDYHPDGHPH
ULFKDQGKDSS\%HOLHYHPHDQGWDNHFRPIRUWWKLVLVEHWWHU
IRUPHWKDQWRQVRIJROGDQGFDVHVRIGLDPRQGVHYHQZHUH
WKH\QRWDVSUREOHPDWLFDODVWKHFORXGVZHVHHLQWKH
PRUQLQJIORDWLQJRYHUWKHVHDZKLFKZHWDNHIRUWHUUD
ILUPDDQGZKLFKHYDSRUDWHDQGYDQLVKDVZHGUDZQHDUWR
WKHP7RKDYH\RXDVORQJDVSRVVLEOHQHDUPHWRKHDU\RXU
HORTXHQWVSHHFKZKLFKHPEHOOLVKHVP\PLQGVWUHQJWKHQV

212

P\VRXODQGPDNHVP\ZKROHIUDPHFDSDEOHRIJUHDWDQG
WHUULEOHWKLQJVLI,VKRXOGHYHUEHIUHHVRILOOVP\
ZKROHH[LVWHQFHWKDWWKHGHVSDLUWRZKLFK,ZDVMXVWRQWKH
SRLQWRI\LHOGLQJZKHQ,NQHZ\RXKDVQRORQJHUDQ\KROG
RYHUPHDQGWKLVWKLVLVP\IRUWXQHQRWFKLPHULFDO
EXWDFWXDO,RZH\RXP\UHDOJRRGP\SUHVHQWKDSSLQHVV
DQGDOOWKHVRYHUHLJQVRIWKHHDUWKHYHQ&DHVDU%RUJLD
KLPVHOIFRXOGQRWGHSULYHPHRIWKLV
7KXVLIQRWDFWXDOO\KDSS\\HWWKHGD\VWKHVHWZR
XQIRUWXQDWHVSDVVHGWRJHWKHUZHQWTXLFNO\)DULDZKRIRUVR
ORQJDWLPHKDGNHSWVLOHQFHDVWRWKHWUHDVXUHQRZ
SHUSHWXDOO\WDONHGRILW$VKHKDGSURSKHVLHGZRXOGEHWKH
FDVHKHUHPDLQHGSDUDO\]HGLQWKHULJKWDUPDQGWKHOHIW
OHJDQGKDGJLYHQXSDOOKRSHRIHYHUHQMR\LQJLWKLPVHOI
%XWKHZDVFRQWLQXDOO\WKLQNLQJRYHUVRPHPHDQVRIHVFDSH
IRUKLV\RXQJFRPSDQLRQDQGDQWLFLSDWLQJWKHSOHDVXUHKH
ZRXOGHQMR\)RUIHDUWKHOHWWHUPLJKWEHVRPHGD\ORVWRU
VWROHQKHFRPSHOOHG'DQWHVWROHDUQLWE\KHDUWDQG'DQWHV
NQHZLWIURPWKHILUVWWRWKHODVWZRUG7KHQKHGHVWUR\HG
WKHVHFRQGSRUWLRQDVVXUHGWKDWLIWKHILUVWZHUHVHL]HG
QRRQHZRXOGEHDEOHWRGLVFRYHULWVUHDOPHDQLQJ:KROH
KRXUVVRPHWLPHVSDVVHGZKLOH)DULDZDVJLYLQJLQVWUXFWLRQV
WR'DQWHVLQVWUXFWLRQVZKLFKZHUHWRVHUYHKLPZKHQKH
ZDVDWOLEHUW\7KHQRQFHIUHHIURPWKHGD\DQGKRXUDQG
PRPHQWZKHQKHZDVVRKHFRXOGKDYHEXWRQHRQO\WKRXJKW
ZKLFKZDVWRJDLQ0RQWH&ULVWRE\VRPHPHDQVDQGUHPDLQ
WKHUHDORQHXQGHUVRPHSUHWH[WZKLFKZRXOGDURXVHQR
VXVSLFLRQVDQGRQFHWKHUHWRHQGHDYRUWRILQGWKH
ZRQGHUIXOFDYHUQVDQGVHDUFKLQWKHDSSRLQWHGVSRWWKH
DSSRLQWHGVSRWEHLWUHPHPEHUHGEHLQJWKHIDUWKHVWDQJOH
LQWKHVHFRQGRSHQLQJ
,QWKHPHDQZKLOHWKHKRXUVSDVVHGLIQRWUDSLGO\DWOHDVW
WROHUDEO\)DULDDVZHKDYHVDLGZLWKRXWKDYLQJUHFRYHUHG
WKHXVHRIKLVKDQGDQGIRRWKDGUHJDLQHGDOOWKHFOHDUQHVV
RIKLVXQGHUVWDQGLQJDQGKDGJUDGXDOO\EHVLGHVWKHPRUDO
LQVWUXFWLRQVZHKDYHGHWDLOHGWDXJKWKLV\RXWKIXOFRPSDQLRQ
WKHSDWLHQWDQGVXEOLPHGXW\RIDSULVRQHUZKROHDUQVWR
PDNHVRPHWKLQJIURPQRWKLQJ7KH\ZHUHWKXVSHUSHWXDOO\
HPSOR\HG)DULDWKDWKHPLJKWQRWVHHKLPVHOIJURZROG
'DQWHVIRUIHDURIUHFDOOLQJWKHDOPRVWH[WLQFWSDVWZKLFK
QRZRQO\IORDWHGLQKLVPHPRU\OLNHDGLVWDQWOLJKW
ZDQGHULQJLQWKHQLJKW6ROLIHZHQWRQIRUWKHPDVLWGRHV

213

IRUWKRVHZKRDUHQRWYLFWLPVRIPLVIRUWXQHDQGZKRVH
DFWLYLWLHVJOLGHDORQJPHFKDQLFDOO\DQGWUDQTXLOO\EHQHDWK
WKHH\HRISURYLGHQFH
%XWEHQHDWKWKLVVXSHUILFLDOFDOPWKHUHZHUHLQWKHKHDUWRI
WKH\RXQJPDQDQGSHUKDSVLQWKDWRIWKHROGPDQPDQ\
UHSUHVVHGGHVLUHVPDQ\VWLIOHGVLJKVZKLFKIRXQGYHQWZKHQ
)DULDZDVOHIWDORQHDQGZKHQ(GPRQGUHWXUQHGWRKLVFHOO
2QHQLJKW(GPRQGDZRNHVXGGHQO\EHOLHYLQJWKDWKHKHDUG
VRPHRQHFDOOLQJKLP+HRSHQHGKLVH\HVXSRQXWWHU
GDUNQHVV+LVQDPHRUUDWKHUDSODLQWLYHYRLFHZKLFK
HVVD\HGWRSURQRXQFHKLVQDPHUHDFKHGKLP+HVDWXSLQEHG
DQGDFROGVZHDWEURNHRXWXSRQKLVEURZ8QGRXEWHGO\WKH
FDOOFDPHIURP)DULD
VGXQJHRQ$ODVPXUPXUHG(GPRQG
FDQLWEH"
+HPRYHGKLVEHGGUHZXSWKHVWRQHUXVKHGLQWRWKH
SDVVDJHDQGUHDFKHGWKHRSSRVLWHH[WUHPLW\WKHVHFUHW
HQWUDQFHZDVRSHQ%\WKHOLJKWRIWKHZUHWFKHGDQGZDYHULQJ
ODPSRIZKLFKZHKDYHVSRNHQ'DQWHVVDZWKHROGPDQSDOH
EXW\HWHUHFWFOLQJLQJWRWKHEHGVWHDG+LVIHDWXUHVZHUH
ZULWKLQJZLWKWKRVHKRUULEOHV\PSWRPVZKLFKKHDOUHDG\NQHZ
DQGZKLFKKDGVRVHULRXVO\DODUPHGKLPZKHQKHVDZWKHPIRU
WKHILUVWWLPH
$ODVP\GHDUIULHQGVDLG)DULDLQDUHVLJQHGWRQH\RX
XQGHUVWDQGGR\RXQRWDQG,QHHGQRWDWWHPSWWRH[SODLQWR
\RX"
(GPRQGXWWHUHGDFU\RIDJRQ\DQGTXLWHRXWRIKLVVHQVHV
UXVKHGWRZDUGVWKHGRRUH[FODLPLQJ+HOSKHOS)DULDKDG
MXVWVXIILFLHQWVWUHQJWKWRUHVWUDLQKLP
6LOHQFHKHVDLGRU\RXDUHORVW:HPXVWQRZRQO\WKLQN
RI\RXP\GHDUIULHQGDQGVRDFWDVWRUHQGHU\RXU
FDSWLYLW\VXSSRUWDEOHRU\RXUIOLJKWSRVVLEOH,WZRXOG
UHTXLUH\HDUVWRGRDJDLQZKDW,KDYHGRQHKHUHDQGWKH
UHVXOWVZRXOGEHLQVWDQWO\GHVWUR\HGLIRXUMDLOHUVNQHZZH
KDGFRPPXQLFDWHGZLWKHDFKRWKHU%HVLGHVEHDVVXUHGP\
GHDU(GPRQGWKHGXQJHRQ,DPDERXWWROHDYHZLOOQRWORQJ
UHPDLQHPSW\VRPHRWKHUXQIRUWXQDWHEHLQJZLOOVRRQWDNHP\
SODFHDQGWRKLP\RXZLOODSSHDUOLNHDQDQJHORI
VDOYDWLRQ3HUKDSVKHZLOOEH\RXQJVWURQJDQGHQGXULQJ
OLNH\RXUVHOIDQGZLOODLG\RXLQ\RXUHVFDSHZKLOH,KDYH

214

EHHQEXWDKLQGUDQFH<RXZLOOQRORQJHUKDYHKDOIDGHDG
ERG\WLHGWR\RXDVDGUDJWRDOO\RXUPRYHPHQWV$WOHQJWK
SURYLGHQFHKDVGRQHVRPHWKLQJIRU\RXKHUHVWRUHVWR\RX
PRUHWKDQKHWDNHVDZD\DQGLWZDVWLPH,VKRXOGGLH
(GPRQGFRXOGRQO\FODVSKLVKDQGVDQGH[FODLP2KP\
IULHQGP\IULHQGVSHDNQRWWKXVDQGWKHQUHVXPLQJDOO
KLVSUHVHQFHRIPLQGZKLFKKDGIRUDPRPHQWVWDJJHUHGXQGHU
WKLVEORZDQGKLVVWUHQJWKZKLFKKDGIDLOHGDWWKHZRUGV
RIWKHROGPDQKHVDLG2K,KDYHVDYHG\RXRQFHDQG,
ZLOOVDYH\RXDVHFRQGWLPH$QGUDLVLQJWKHIRRWRIWKH
EHGKHGUHZRXWWKHSKLDOVWLOODWKLUGILOOHGZLWKWKH
UHGOLTXRU
6HHKHH[FODLPHGWKHUHUHPDLQVVWLOOVRPHRIWKHPDJLF
GUDXJKW4XLFNTXLFNWHOOPHZKDW,PXVWGRWKLVWLPHDUH
WKHUHDQ\IUHVKLQVWUXFWLRQV"6SHDNP\IULHQG,OLVWHQ
7KHUHLVQRWDKRSHUHSOLHG)DULDVKDNLQJKLVKHDGEXW
QRPDWWHU*RGZLOOVLWWKDWPDQZKRPKHKDVFUHDWHGDQGLQ
ZKRVHKHDUWKHKDVVRSURIRXQGO\URRWHGWKHORYHRIOLIH
VKRXOGGRDOOLQKLVSRZHUWRSUHVHUYHWKDWH[LVWHQFH
ZKLFKKRZHYHUSDLQIXOLWPD\EHLV\HWDOZD\VVRGHDU
2K\HV\HVH[FODLPHG'DQWHVDQG,WHOO\RXWKDW,
ZLOOVDYH\RX\HW
:HOOWKHQWU\7KHFROGJDLQVXSRQPH,IHHOWKHEORRG
IORZLQJWRZDUGVP\EUDLQ7KHVHKRUULEOHFKLOOVZKLFKPDNH
P\WHHWKFKDWWHUDQGVHHPWRGLVORFDWHP\ERQHVEHJLQWR
SHUYDGHP\ZKROHIUDPHLQILYHPLQXWHVWKHPDODG\ZLOO
UHDFKLWVKHLJKWDQGLQDTXDUWHURIDQKRXUWKHUHZLOOEH
QRWKLQJOHIWRIPHEXWDFRUSVH
2KH[FODLPHG'DQWHVKLVKHDUWZUXQJZLWKDQJXLVK
'RDV\RXGLGEHIRUHRQO\GRQRWZDLWVRORQJDOOWKH
VSULQJVRIOLIHDUHQRZH[KDXVWHGLQPHDQGGHDWKKH
FRQWLQXHGORRNLQJDWKLVSDUDO\]HGDUPDQGOHJKDVEXW
KDOILWVZRUNWRGR,IDIWHUKDYLQJPDGHPHVZDOORZWZHOYH
GURSVLQVWHDGRIWHQ\RXVHHWKDW,GRQRWUHFRYHUWKHQ
SRXUWKHUHVWGRZQP\WKURDW1RZOLIWPHRQP\EHGIRU,
FDQQRORQJHUVXSSRUWP\VHOI

215

(GPRQGWRRNWKHROGPDQLQKLVDUPVDQGODLGKLPRQWKH
EHG
$QGQRZP\GHDUIULHQGVDLG)DULDVROHFRQVRODWLRQRI
P\ZUHWFKHGH[LVWHQFH\RXZKRPKHDYHQJDYHPHVRPHZKDW
ODWHEXWVWLOOJDYHPHDSULFHOHVVJLIWDQGIRUZKLFK,
DPPRVWJUDWHIXODWWKHPRPHQWRIVHSDUDWLQJIURP\RX
IRUHYHU,ZLVK\RXDOOWKHKDSSLQHVVDQGDOOWKHSURVSHULW\
\RXVRZHOOGHVHUYH0\VRQ,EOHVVWKHH7KH\RXQJPDQ
FDVWKLPVHOIRQKLVNQHHVOHDQLQJKLVKHDGDJDLQVWWKHROG
PDQ
VEHG
/LVWHQQRZWRZKDW,VD\LQWKLVP\G\LQJPRPHQW7KH
WUHDVXUHRIWKH6SDGDVH[LVWV*RGJUDQWVPHWKHERRQRI
YLVLRQXQUHVWULFWHGE\WLPHRUVSDFH,VHHLWLQWKHGHSWKV
RIWKHLQQHUFDYHUQ0\H\HVSLHUFHWKHLQPRVWUHFHVVHVRI
WKHHDUWKDQGDUHGD]]OHGDWWKHVLJKWRIVRPXFKULFKHV
,I\RXGRHVFDSHUHPHPEHUWKDWWKHSRRUDEEHZKRPDOOWKH
ZRUOGFDOOHGPDGZDVQRWVR+DVWHQWR0RQWH&ULVWR
DYDLO\RXUVHOIRIWKHIRUWXQHIRU\RXKDYHLQGHHG
VXIIHUHGORQJHQRXJK$YLROHQWFRQYXOVLRQDWWDFNHGWKHROG
PDQ'DQWHVUDLVHGKLVKHDGDQGVDZ)DULD
VH\HVLQMHFWHG
ZLWKEORRG,WVHHPHGDVLIDIORZRIEORRGKDGDVFHQGHG
IURPWKHFKHVWWRWKHKHDG
$GLHXDGLHXPXUPXUHGWKHROGPDQFODVSLQJ(GPRQG
VKDQG
FRQYXOVLYHO\DGLHX
2KQRQRQRW\HWKHFULHGGRQRWIRUVDNHPH2K
VXFFRUKLP+HOSKHOSKHOS
+XVKKXVKPXUPXUHGWKHG\LQJPDQWKDWWKH\PD\QRW
VHSDUDWHXVLI\RXVDYHPH
<RXDUHULJKW2K\HV\HVEHDVVXUHG,VKDOOVDYH\RX
%HVLGHVDOWKRXJK\RXVXIIHUPXFK\RXGRQRWVHHPWREHLQ
VXFKDJRQ\DV\RXZHUHEHIRUH
'RQRWPLVWDNH,VXIIHUOHVVEHFDXVHWKHUHLVLQPHOHVV
VWUHQJWKWRHQGXUH$W\RXUDJHZHKDYHIDLWKLQOLIHLWLV
WKHSULYLOHJHRI\RXWKWREHOLHYHDQGKRSHEXWROGPHQVHH
GHDWKPRUHFOHDUO\2K
WLVKHUH
WLVKHUH
WLVRYHU
P\VLJKWLVJRQHP\VHQVHVIDLO<RXUKDQG'DQWHV
$GLHXDGLHX$QGUDLVLQJKLPVHOIE\DILQDOHIIRUWLQ

216

ZKLFKKHVXPPRQHGDOOKLVIDFXOWLHVKHVDLG0RQWH
&ULVWRIRUJHWQRW0RQWH&ULVWR$QGKHIHOOEDFNRQWKH
EHG7KHFULVLVZDVWHUULEOHDQGDULJLGIRUPZLWKWZLVWHG
OLPEVVZROOHQH\HOLGVDQGOLSVIOHFNHGZLWKEORRG\IRDP
OD\RQWKHEHGRIWRUWXUHLQSODFHRIWKHLQWHOOHFWXDO
EHLQJZKRVRODWHO\UHVWHGWKHUH
'DQWHVWRRNWKHODPSSODFHGLWRQDSURMHFWLQJVWRQHDERYH
WKHEHGZKHQFHLWVWUHPXORXVOLJKWIHOOZLWKVWUDQJHDQG
IDQWDVWLFUD\RQWKHGLVWRUWHGFRXQWHQDQFHDQGPRWLRQOHVV
VWLIIHQHGERG\:LWKVWHDG\JD]HKHDZDLWHGFRQILGHQWO\WKH
PRPHQWIRUDGPLQLVWHULQJWKHUHVWRUDWLYH
:KHQKHEHOLHYHGWKDWWKHULJKWPRPHQWKDGDUULYHGKHWRRN
WKHNQLIHSULHGRSHQWKHWHHWKZKLFKRIIHUHGOHVV
UHVLVWDQFHWKDQEHIRUHFRXQWHGRQHDIWHUWKHRWKHUWZHOYH
GURSVDQGZDWFKHGWKHSKLDOFRQWDLQHGSHUKDSVWZLFHDV
PXFKPRUH+HZDLWHGWHQPLQXWHVDTXDUWHURIDQKRXUKDOI
DQKRXUQRFKDQJHWRRNSODFH7UHPEOLQJKLVKDLUHUHFW
KLVEURZEDWKHGZLWKSHUVSLUDWLRQKHFRXQWHGWKHVHFRQGVE\
WKHEHDWLQJRIKLVKHDUW7KHQKHWKRXJKWLWZDVWLPHWR
PDNHWKHODVWWULDODQGKHSXWWKHSKLDOWRWKHSXUSOHOLSV
RI)DULDDQGZLWKRXWKDYLQJRFFDVLRQWRIRUFHRSHQKLV
MDZVZKLFKKDGUHPDLQHGH[WHQGHGKHSRXUHGWKHZKROHRI
WKHOLTXLGGRZQKLVWKURDW
7KHGUDXJKWSURGXFHGDJDOYDQLFHIIHFWDYLROHQWWUHPEOLQJ
SHUYDGHGWKHROGPDQ
VOLPEVKLVH\HVRSHQHGXQWLOLWZDV
IHDUIXOWRJD]HXSRQWKHPKHKHDYHGDVLJKZKLFKUHVHPEOHG
DVKULHNDQGWKHQKLVFRQYXOVHGERG\UHWXUQHGJUDGXDOO\WR
LWVIRUPHULPPRELOLW\WKHH\HVUHPDLQLQJRSHQ
+DOIDQKRXUDQKRXUDQKRXUDQGDKDOIHODSVHGDQG
GXULQJWKLVSHULRGRIDQJXLVK(GPRQGOHDQHGRYHUKLV
IULHQGKLVKDQGDSSOLHGWRKLVKHDUWDQGIHOWWKHERG\
JUDGXDOO\JURZFROGDQGWKHKHDUW
VSXOVDWLRQEHFRPHPRUH
DQGPRUHGHHSDQGGXOOXQWLODWOHQJWKLWVWRSSHGWKHODVW
PRYHPHQWRIWKHKHDUWFHDVHGWKHIDFHEHFDPHOLYLGWKH
H\HVUHPDLQHGRSHQEXWWKHH\HEDOOVZHUHJOD]HG,WZDVVL[
R
FORFNLQWKHPRUQLQJWKHGDZQZDVMXVWEUHDNLQJDQGLWV
IHHEOHUD\FDPHLQWRWKHGXQJHRQDQGSDOHGWKHLQHIIHFWXDO
OLJKWRIWKHODPS6WUDQJHVKDGRZVSDVVHGRYHUWKH
FRXQWHQDQFHRIWKHGHDGPDQDQGDWWLPHVJDYHLWWKH
DSSHDUDQFHRIOLIH:KLOHWKHVWUXJJOHEHWZHHQGD\DQGQLJKW

217

ODVWHG'DQWHVVWLOOGRXEWHGEXWDVVRRQDVWKHGD\OLJKW
JDLQHGWKHSUHHPLQHQFHKHVDZWKDWKHZDVDORQHZLWKD
FRUSVH7KHQDQLQYLQFLEOHDQGH[WUHPHWHUURUVHL]HGXSRQ
KLPDQGKHGDUHGQRWDJDLQSUHVVWKHKDQGWKDWKXQJRXWRI
EHGKHGDUHGQRORQJHUWRJD]HRQWKRVHIL[HGDQGYDFDQW
H\HVZKLFKKHWULHGPDQ\WLPHVWRFORVHEXWLQYDLQ
WKH\RSHQHGDJDLQDVVRRQDVVKXW+HH[WLQJXLVKHGWKHODPS
FDUHIXOO\FRQFHDOHGLWDQGWKHQZHQWDZD\FORVLQJDVZHOO
DVKHFRXOGWKHHQWUDQFHWRWKHVHFUHWSDVVDJHE\WKHODUJH
VWRQHDVKHGHVFHQGHG
,WZDVWLPHIRUWKHMDLOHUZDVFRPLQJ2QWKLVRFFDVLRQKH
EHJDQKLVURXQGVDW'DQWHV
FHOODQGRQOHDYLQJKLPKHZHQW
RQWR)DULD
VGXQJHRQWDNLQJWKLWKHUEUHDNIDVWDQGVRPH
OLQHQ1RWKLQJEHWRNHQHGWKDWWKHPDQNQRZDQ\WKLQJRIZKDW
KDGRFFXUUHG+HZHQWRQKLVZD\
'DQWHVZDVWKHQVHL]HGZLWKDQLQGHVFULEDEOHGHVLUHWRNQRZ
ZKDWZDVJRLQJRQLQWKHGXQJHRQRIKLVXQIRUWXQDWHIULHQG
+HWKHUHIRUHUHWXUQHGE\WKHVXEWHUUDQHRXVJDOOHU\DQG
DUULYHGLQWLPHWRKHDUWKHH[FODPDWLRQVRIWKHWXUQNH\ZKR
FDOOHGRXWIRUKHOS2WKHUWXUQNH\VFDPHDQGWKHQZDVKHDUG
WKHUHJXODUWUDPSRIVROGLHUV/DVWRIDOOFDPHWKH
JRYHUQRU
(GPRQGKHDUGWKHFUHDNLQJRIWKHEHGDVWKH\PRYHGWKH
FRUSVHKHDUGWKHYRLFHRIWKHJRYHUQRUZKRDVNHGWKHPWR
WKURZZDWHURQWKHGHDGPDQ
VIDFHDQGVHHLQJWKDWLQ
VSLWHRIWKLVDSSOLFDWLRQWKHSULVRQHUGLGQRWUHFRYHU
WKH\VHQWIRUWKHGRFWRU7KHJRYHUQRUWKHQZHQWRXWDQG
ZRUGVRISLW\IHOORQ'DQWHV
OLVWHQLQJHDUVPLQJOHGZLWK
EUXWDOODXJKWHU
:HOOZHOOVDLGRQHWKHPDGPDQKDVJRQHWRORRNDIWHU
KLVWUHDVXUH*RRGMRXUQH\WRKLP
:LWKDOOKLVPLOOLRQVKHZLOOQRWKDYHHQRXJKWRSD\IRU
KLVVKURXGVDLGDQRWKHU
2KDGGHGDWKLUGYRLFHWKHVKURXGVRIWKH&KDWHDXG
,I
DUHQRWGHDU
3HUKDSVVDLGRQHRIWKHSUHYLRXVVSHDNHUVDVKHZDVD
FKXUFKPDQWKH\PD\JRWRVRPHH[SHQVHLQKLVEHKDOI

218

7KH\PD\JLYHKLPWKHKRQRUVRIWKHVDFN
(GPRQGGLGQRWORVHDZRUGEXWFRPSUHKHQGHGYHU\OLWWOHRI
ZKDWZDVVDLG7KHYRLFHVVRRQFHDVHGDQGLWVHHPHGWRKLP
DVLIHYHU\RQHKDGOHIWWKHFHOO6WLOOKHGDUHGQRWWR
HQWHUDVWKH\PLJKWKDYHOHIWVRPHWXUQNH\WRZDWFKWKH
GHDG+HUHPDLQHGWKHUHIRUHPXWHDQGPRWLRQOHVVKDUGO\
YHQWXULQJWREUHDWKH$WWKHHQGRIDQKRXUKHKHDUGD
IDLQWQRLVHZKLFKLQFUHDVHG,WZDVWKHJRYHUQRUZKR
UHWXUQHGIROORZHGE\WKHGRFWRUDQGRWKHUDWWHQGDQWV7KHUH
ZDVDPRPHQW
VVLOHQFHLWZDVHYLGHQWWKDWWKHGRFWRU
ZDVH[DPLQLQJWKHGHDGERG\7KHLQTXLULHVVRRQFRPPHQFHG
7KHGRFWRUDQDO\]HGWKHV\PSWRPVRIWKHPDODG\WRZKLFKWKH
SULVRQHUKDGVXFFXPEHGDQGGHFODUHGWKDWKHZDVGHDG
4XHVWLRQVDQGDQVZHUVIROORZHGLQDQRQFKDODQWPDQQHUWKDW
PDGH'DQWHVLQGLJQDQWIRUKHIHOWWKDWDOOWKHZRUOGVKRXOG
KDYHIRUWKHSRRUDEEHDORYHDQGUHVSHFWHTXDOWRKLVRZQ
,DPYHU\VRUU\IRUZKDW\RXWHOOPHVDLGWKHJRYHUQRU
UHSO\LQJWRWKHDVVXUDQFHRIWKHGRFWRUWKDWWKHROGPDQ
LVUHDOO\GHDGIRUKHZDVDTXLHWLQRIIHQVLYHSULVRQHU
KDSS\LQKLVIROO\DQGUHTXLUHGQRZDWFKLQJ
$KDGGHGWKHWXUQNH\WKHUHZDVQRRFFDVLRQIRUZDWFKLQJ
KLPKHZRXOGKDYHVWD\HGKHUHILIW\\HDUV,
OODQVZHUIRU
LWZLWKRXWDQ\DWWHPSWWRHVFDSH
6WLOOVDLGWKHJRYHUQRU,EHOLHYHLWZLOOEHUHTXLVLWH
QRWZLWKVWDQGLQJ\RXUFHUWDLQW\DQGQRWWKDW,GRXEW\RXU
VFLHQFHEXWLQGLVFKDUJHRIP\RIILFLDOGXW\WKDWZH
VKRXOGEHSHUIHFWO\DVVXUHGWKDWWKHSULVRQHULVGHDG
7KHUHZDVDPRPHQWRIFRPSOHWHVLOHQFHGXULQJZKLFK'DQWHV
VWLOOOLVWHQLQJNQHZWKDWWKHGRFWRUZDVH[DPLQLQJWKH
FRUSVHDVHFRQGWLPH
<RXPD\PDNH\RXUPLQGHDV\VDLGWKHGRFWRUKHLVGHDG
,ZLOODQVZHUIRUWKDW
<RXNQRZVLUVDLGWKHJRYHUQRUSHUVLVWLQJWKDWZHDUH
QRWFRQWHQWLQVXFKFDVHVDVWKLVZLWKVXFKDVLPSOH
H[DPLQDWLRQ,QVSLWHRIDOODSSHDUDQFHVEHVRNLQG
WKHUHIRUHDVWRILQLVK\RXUGXW\E\IXOILOOLQJWKH

219

IRUPDOLWLHVGHVFULEHGE\ODZ
/HWWKHLURQVEHKHDWHGVDLGWKHGRFWRUEXWUHDOO\LW
LVDXVHOHVVSUHFDXWLRQ7KLVRUGHUWRKHDWWKHLURQVPDGH
'DQWHVVKXGGHU+HKHDUGKDVW\VWHSVWKHFUHDNLQJRID
GRRUSHRSOHJRLQJDQGFRPLQJDQGVRPHPLQXWHVDIWHUZDUGVD
WXUQNH\HQWHUHGVD\LQJ
+HUHLVWKHEUD]LHUOLJKWHG7KHUHZDVDPRPHQW
V
VLOHQFHDQGWKHQZDVKHDUGWKHFUDFNOLQJRIEXUQLQJIOHVK
RIZKLFKWKHSHFXOLDUDQGQDXVHRXVVPHOOSHQHWUDWHGHYHQ
EHKLQGWKHZDOOZKHUH'DQWHVZDVOLVWHQLQJLQKRUURU7KH
SHUVSLUDWLRQSRXUHGIRUWKXSRQWKH\RXQJPDQ
VEURZDQGKH
IHOWDVLIKHVKRXOGIDLQW
<RXVHHVLUKHLVUHDOO\GHDGVDLGWKHGRFWRUWKLV
EXUQLQWKHKHHOLVGHFLVLYH7KHSRRUIRROLVFXUHGRIKLV
IROO\DQGGHOLYHUHGIURPKLVFDSWLYLW\
:DVQ
WKLVQDPH)DULD"LQTXLUHGRQHRIWKHRIILFHUVZKR
DFFRPSDQLHGWKHJRYHUQRU
<HVVLUDQGDVKHVDLGLWZDVDQDQFLHQWQDPH+HZDV
WRRYHU\OHDUQHGDQGUDWLRQDOHQRXJKRQDOOSRLQWVZKLFK
GLGQRWUHODWHWRKLVWUHDVXUHEXWRQWKDWLQGHHGKHZDV
LQWUDFWDEOH
,WLVWKHVRUWRIPDODG\ZKLFKZHFDOOPRQRPDQLDVDLGWKH
GRFWRU
<RXKDGQHYHUDQ\WKLQJWRFRPSODLQRI"VDLGWKHJRYHUQRU
WRWKHMDLOHUZKRKDGFKDUJHRIWKHDEEH
1HYHUVLUUHSOLHGWKHMDLOHUQHYHURQWKHFRQWUDU\
KHVRPHWLPHVDPXVHGPHYHU\PXFKE\WHOOLQJPHVWRULHV2QH
GD\WRRZKHQP\ZLIHZDVLOOKHJDYHPHDSUHVFULSWLRQ
ZKLFKFXUHGKHU
$KDKVDLGWKHGRFWRU,GLGQRWNQRZWKDW,KDGD
ULYDOEXW,KRSHJRYHUQRUWKDW\RXZLOOVKRZKLPDOO
SURSHUUHVSHFW
<HV\HVPDNH\RXUPLQGHDV\KHVKDOOEHGHFHQWO\
LQWHUUHGLQWKHQHZHVWVDFNZHFDQILQG:LOOWKDWVDWLVI\

220

\RX"
0XVWWKLVODVWIRUPDOLW\WDNHSODFHLQ\RXUSUHVHQFHVLU"
LQTXLUHGDWXUQNH\
&HUWDLQO\%XWPDNHKDVWH,FDQQRWVWD\KHUHDOOGD\
2WKHUIRRWVWHSVJRLQJDQGFRPLQJZHUHQRZKHDUGDQGD
PRPHQWDIWHUZDUGVWKHQRLVHRIUXVWOLQJFDQYDVUHDFKHG
'DQWHV
HDUVWKHEHGFUHDNHGDQGWKHKHDY\IRRWIDOORID
PDQZKROLIWVDZHLJKWVRXQGHGRQWKHIORRUWKHQWKHEHG
DJDLQFUHDNHGXQGHUWKHZHLJKWGHSRVLWHGXSRQLW
7KLVHYHQLQJVDLGWKHJRYHUQRU
:LOOWKHUHEHDQ\PDVV"DVNHGRQHRIWKHDWWHQGDQWV
7KDWLVLPSRVVLEOHUHSOLHGWKHJRYHUQRU7KHFKDSODLQRI
WKHFKDWHDXFDPHWRPH\HVWHUGD\WREHJIRUOHDYHRI
DEVHQFHLQRUGHUWRWDNHDWULSWR+\HUHVIRUDZHHN,
WROGKLP,ZRXOGDWWHQGWRWKHSULVRQHUVLQKLVDEVHQFH,I
WKHSRRUDEEHKDGQRWEHHQLQVXFKDKXUU\KHPLJKWKDYH
KDGKLVUHTXLHP
3RRKSRRKVDLGWKHGRFWRUZLWKWKHLPSLHW\XVXDOLQ
SHUVRQVRIKLVSURIHVVLRQKHLVDFKXUFKPDQ*RGZLOO
UHVSHFWKLVSURIHVVLRQDQGQRWJLYHWKHGHYLOWKHZLFNHG
GHOLJKWRIVHQGLQJKLPDSULHVW$VKRXWRIODXJKWHU
IROORZHGWKLVEUXWDOMHVW0HDQZKLOHWKHRSHUDWLRQRI
SXWWLQJWKHERG\LQWKHVDFNZDVJRLQJRQ
7KLVHYHQLQJVDLGWKHJRYHUQRUZKHQWKHWDVNZDVHQGHG
$WZKDWKRXU"LQTXLUHGDWXUQNH\
:K\DERXWWHQRUHOHYHQR
FORFN
6KDOOZHZDWFKE\WKHFRUSVH"
2IZKDWXVHZRXOGLWEH"6KXWWKHGXQJHRQDVLIKHZHUH
DOLYHWKDWLVDOO7KHQWKHVWHSVUHWUHDWHGDQGWKH
YRLFHVGLHGDZD\LQWKHGLVWDQFHWKHQRLVHRIWKHGRRU
ZLWKLWVFUHDNLQJKLQJHVDQGEROWVFHDVHGDQGDVLOHQFH
PRUHVRPEUHWKDQWKDWRIVROLWXGHHQVXHGWKHVLOHQFHRI
GHDWKZKLFKZDVDOOSHUYDVLYHDQGVWUXFNLWVLF\FKLOOWR

221

WKHYHU\VRXORI'DQWHV7KHQKHUDLVHGWKHIODJVWRQH
FDXWLRXVO\ZLWKKLVKHDGDQGORRNHGFDUHIXOO\DURXQGWKH
FKDPEHU,WZDVHPSW\DQG'DQWHVHPHUJHGIURPWKHWXQQHO

&KDSWHU
7KH&HPHWHU\RIWKH&KDWHDX'
,I
2QWKHEHGDWIXOOOHQJWKDQGIDLQWO\LOOXPLQDWHGE\WKH
SDOHOLJKWWKDWFDPHIURPWKHZLQGRZOD\DVDFNRIFDQYDV
DQGXQGHULWVUXGHIROGVZDVVWUHWFKHGDORQJDQGVWLIIHQHG
IRUPLWZDV)DULD
VODVWZLQGLQJVKHHWDZLQGLQJVKHHW
ZKLFKDVWKHWXUQNH\VDLGFRVWVROLWWOH(YHU\WKLQJZDV
LQUHDGLQHVV$EDUULHUKDGEHHQSODFHGEHWZHHQ'DQWHVDQG
KLVROGIULHQG1RORQJHUFRXOG(GPRQGORRNLQWRWKRVH
ZLGHRSHQH\HVZKLFKKDGVHHPHGWREHSHQHWUDWLQJWKH
P\VWHULHVRIGHDWKQRORQJHUFRXOGKHFODVSWKHKDQGZKLFK
KDGGRQHVRPXFKWRPDNHKLVH[LVWHQFHEOHVVHG)DULDWKH
EHQHILFHQWDQGFKHHUIXOFRPSDQLRQZLWKZKRPKHZDV
DFFXVWRPHGWROLYHVRLQWLPDWHO\QRORQJHUEUHDWKHG+H
VHDWHGKLPVHOIRQWKHHGJHRIWKDWWHUULEOHEHGDQGIHOO
LQWRPHODQFKRO\DQGJORRP\UHYHU\
$ORQHKHZDVDORQHDJDLQDJDLQFRQGHPQHGWRVLOHQFH
DJDLQIDFHWRIDFHZLWKQRWKLQJQHVV$ORQHQHYHUDJDLQ
WRVHHWKHIDFHQHYHUDJDLQWRKHDUWKHYRLFHRIWKHRQO\
KXPDQEHLQJZKRXQLWHGKLPWRHDUWK:DVQRW)DULD
VIDWH
WKHEHWWHUDIWHUDOOWRVROYHWKHSUREOHPRIOLIHDWLWV
VRXUFHHYHQDWWKHULVNRIKRUULEOHVXIIHULQJ"7KHLGHDRI
VXLFLGHZKLFKKLVIULHQGKDGGULYHQDZD\DQGNHSWDZD\E\
KLVFKHHUIXOSUHVHQFHQRZKRYHUHGOLNHDSKDQWRPRYHUWKH
DEEH
VGHDGERG\
,I,FRXOGGLHKHVDLG,VKRXOGJRZKHUHKHJRHVDQG
VKRXOGDVVXUHGO\ILQGKLPDJDLQ%XWKRZWRGLH",WLVYHU\
HDV\KHZHQWRQZLWKDVPLOH,ZLOOUHPDLQKHUHUXVKRQ
WKHILUVWSHUVRQWKDWRSHQVWKHGRRUVWUDQJOHKLPDQGWKHQ
WKH\ZLOOJXLOORWLQHPH%XWH[FHVVLYHJULHILVOLNHD
VWRUPDWVHDZKHUHWKHIUDLOEDUNLVWRVVHGIURPWKHGHSWKV
WRWKHWRSRIWKHZDYH'DQWHVUHFRLOHGIURPWKHLGHDRIVR
LQIDPRXVDGHDWKDQGSDVVHGVXGGHQO\IURPGHVSDLUWRDQ
DUGHQWGHVLUHIRUOLIHDQGOLEHUW\

222

'LH"RKQRKHH[FODLPHGQRWGLHQRZDIWHUKDYLQJ
OLYHGDQGVXIIHUHGVRORQJDQGVRPXFK'LH"\HVKDG,GLHG
\HDUVDJREXWQRZWRGLHZRXOGEHLQGHHGWRJLYHZD\WR
WKHVDUFDVPRIGHVWLQ\1R,ZDQWWROLYH,VKDOOVWUXJJOH
WRWKHYHU\ODVW,ZLOO\HWZLQEDFNWKHKDSSLQHVVRIZKLFK
,KDYHEHHQGHSULYHG%HIRUH,GLH,PXVWQRWIRUJHWWKDW,
KDYHP\H[HFXWLRQHUVWRSXQLVKDQGSHUKDSVWRRZKRNQRZV
VRPHIULHQGVWRUHZDUG<HWWKH\ZLOOIRUJHWPHKHUHDQG,
VKDOOGLHLQP\GXQJHRQOLNH)DULD$VKHVDLGWKLVKH
EHFDPHVLOHQWDQGJD]HGVWUDLJKWEHIRUHKLPOLNHRQH
RYHUZKHOPHGZLWKDVWUDQJHDQGDPD]LQJWKRXJKW6XGGHQO\KH
DURVHOLIWHGKLVKDQGWRKLVEURZDVLIKLVEUDLQZRUH
JLGG\SDFHGWZLFHRUWKULFHURXQGWKHGXQJHRQDQGWKHQ
SDXVHGDEUXSWO\E\WKHEHG
-XVW*RGKHPXWWHUHGZKHQFHFRPHVWKLVWKRXJKW",VLW
IURPWKHH"6LQFHQRQHEXWWKHGHDGSDVVIUHHO\IURPWKLV
GXQJHRQOHWPHWDNHWKHSODFHRIWKHGHDG:LWKRXWJLYLQJ
KLPVHOIWLPHWRUHFRQVLGHUKLVGHFLVLRQDQGLQGHHGWKDW
KHPLJKWQRWDOORZKLVWKRXJKWVWREHGLVWUDFWHGIURPKLV
GHVSHUDWHUHVROXWLRQKHEHQWRYHUWKHDSSDOOLQJVKURXG
RSHQHGLWZLWKWKHNQLIHZKLFK)DULDKDGPDGHGUHZWKH
FRUSVHIURPWKHVDFNDQGERUHLWDORQJWKHWXQQHOWRKLV
RZQFKDPEHUODLGLWRQKLVFRXFKWLHGDURXQGLWVKHDGWKH
UDJKHZRUHDWQLJKWDURXQGKLVRZQFRYHUHGLWZLWKKLV
FRXQWHUSDQHRQFHDJDLQNLVVHGWKHLFHFROGEURZDQGWULHG
YDLQO\WRFORVHWKHUHVLVWLQJH\HVZKLFKJODUHGKRUULEO\
WXUQHGWKHKHDGWRZDUGVWKHZDOOVRWKDWWKHMDLOHUPLJKW
ZKHQKHEURXJKWWKHHYHQLQJPHDOEHOLHYHWKDWKHZDV
DVOHHSDVZDVKLVIUHTXHQWFXVWRPHQWHUHGWKHWXQQHO
DJDLQGUHZWKHEHGDJDLQVWWKHZDOOUHWXUQHGWRWKHRWKHU
FHOOWRRNIURPWKHKLGLQJSODFHWKHQHHGOHDQGWKUHDG
IOXQJRIIKLVUDJVWKDWWKH\PLJKWIHHORQO\QDNHGIOHVK
EHQHDWKWKHFRDUVHFDQYDVDQGJHWWLQJLQVLGHWKHVDFN
SODFHGKLPVHOILQWKHSRVWXUHLQZKLFKWKHGHDGERG\KDG
EHHQODLGDQGVHZHGXSWKHPRXWKRIWKHVDFNIURPWKH
LQVLGH
+HZRXOGKDYHEHHQGLVFRYHUHGE\WKHEHDWLQJRIKLVKHDUW
LIE\DQ\PLVFKDQFHWKHMDLOHUVKDGHQWHUHGDWWKDWPRPHQW
'DQWHVPLJKWKDYHZDLWHGXQWLOWKHHYHQLQJYLVLWZDVRYHU
EXWKHZDVDIUDLGWKDWWKHJRYHUQRUZRXOGFKDQJHKLVPLQG
DQGRUGHUWKHGHDGERG\WREHUHPRYHGHDUOLHU,QWKDWFDVH
KLVODVWKRSHZRXOGKDYHEHHQGHVWUR\HG1RZKLVSODQVZHUH

223

IXOO\PDGHDQGWKLVLVZKDWKHLQWHQGHGWRGR,IZKLOHKH
ZDVEHLQJFDUULHGRXWWKHJUDYHGLJJHUVVKRXOGGLVFRYHUWKDW
WKH\ZHUHEHDULQJDOLYHLQVWHDGRIDGHDGERG\'DQWHVGLG
QRWLQWHQGWRJLYHWKHPWLPHWRUHFRJQL]HKLPEXWZLWKD
VXGGHQFXWRIWKHNQLIHKHPHDQWWRRSHQWKHVDFNIURPWRS
WRERWWRPDQGSURILWLQJE\WKHLUDODUPHVFDSHLIWKH\
WULHGWRFDWFKKLPKHZRXOGXVHKLVNQLIHWREHWWHU
SXUSRVH
,IWKH\WRRNKLPWRWKHFHPHWHU\DQGODLGKLPLQDJUDYHKH
ZRXOGDOORZKLPVHOIWREHFRYHUHGZLWKHDUWKDQGWKHQDV
LWZDVQLJKWWKHJUDYHGLJJHUVFRXOGVFDUFHO\KDYHWXUQHG
WKHLUEDFNVEHIRUHKHZRXOGKDYHZRUNHGKLVZD\WKURXJKWKH
\LHOGLQJVRLODQGHVFDSHG+HKRSHGWKDWWKHZHLJKWRIHDUWK
ZRXOGQRWEHVRJUHDWWKDWKHFRXOGQRWRYHUFRPHLW,IKH
ZDVGHWHFWHGLQWKLVDQGWKHHDUWKSURYHGWRRKHDY\KH
ZRXOGEHVWLIOHGDQGWKHQVRPXFKWKHEHWWHUDOOZRXOG
EHRYHU'DQWHVKDGQRWHDWHQVLQFHWKHSUHFHGLQJHYHQLQJ
EXWKHKDGQRWWKRXJKWRIKXQJHUQRUGLGKHWKLQNRILW
QRZ+LVVLWXDWLRQZDVWRRSUHFDULRXVWRDOORZKLPHYHQWLPH
WRUHIOHFWRQDQ\WKRXJKWEXWRQH
7KHILUVWULVNWKDW'DQWHVUDQZDVWKDWWKHMDLOHUZKHQKH
EURXJKWKLPKLVVXSSHUDWVHYHQR
FORFNPLJKWSHUFHLYHWKH
FKDQJHWKDWKDGEHHQPDGHIRUWXQDWHO\WZHQW\WLPHVDW
OHDVWIURPPLVDQWKURS\RUIDWLJXH'DQWHVKDGUHFHLYHGKLV
MDLOHULQEHGDQGWKHQWKHPDQSODFHGKLVEUHDGDQGVRXSRQ
WKHWDEOHDQGZHQWDZD\ZLWKRXWVD\LQJDZRUG7KLVWLPH
WKHMDLOHUPLJKWQRWEHDVVLOHQWDVXVXDOEXWVSHDNWR
'DQWHVDQGVHHLQJWKDWKHUHFHLYHGQRUHSO\JRWRWKHEHG
DQGWKXVGLVFRYHUDOO
:KHQVHYHQR
FORFNFDPH'DQWHV
DJRQ\UHDOO\EHJDQ+LV
KDQGSODFHGXSRQKLVKHDUWZDVXQDEOHWRUHGUHVVLWV
WKUREELQJVZKLOHZLWKWKHRWKHUKHZLSHGWKHSHUVSLUDWLRQ
IURPKLVWHPSOHV)URPWLPHWRWLPHFKLOOVUDQWKURXJKKLV
ZKROHERG\DQGFOXWFKHGKLVKHDUWLQDJUDVSRILFH7KHQ
KHWKRXJKWKHZDVJRLQJWRGLH<HWWKHKRXUVSDVVHGRQ
ZLWKRXWDQ\XQXVXDOGLVWXUEDQFHDQG'DQWHVNQHZWKDWKHKDG
HVFDSHGWKHILUVWSHULO,WZDVDJRRGDXJXU\$WOHQJWK
DERXWWKHKRXUWKHJRYHUQRUKDGDSSRLQWHGIRRWVWHSVZHUH
KHDUGRQWKHVWDLUV(GPRQGIHOWWKDWWKHPRPHQWKDG
DUULYHGVXPPRQHGXSDOOKLVFRXUDJHKHOGKLVEUHDWKDQG
ZRXOGKDYHEHHQKDSS\LIDWWKHVDPHWLPHKHFRXOGKDYH

224

UHSUHVVHGWKHWKUREELQJRIKLVYHLQV7KHIRRWVWHSVWKH\
ZHUHGRXEOHSDXVHGDWWKHGRRUDQG'DQWHVJXHVVHGWKDW
WKHWZRJUDYHGLJJHUVKDGFRPHWRVHHNKLPWKLVLGHDZDV
VRRQFRQYHUWHGLQWRFHUWDLQW\ZKHQKHKHDUGWKHQRLVHWKH\
PDGHLQSXWWLQJGRZQWKHKDQGELHU7KHGRRURSHQHGDQGD
GLPOLJKWUHDFKHG'DQWHV
H\HVWKURXJKWKHFRDUVHVDFNWKDW
FRYHUHGKLPKHVDZWZRVKDGRZVDSSURDFKKLVEHGDWKLUG
UHPDLQLQJDWWKHGRRUZLWKDWRUFKLQLWVKDQG7KHWZRPHQ
DSSURDFKLQJWKHHQGVRIWKHEHGWRRNWKHVDFNE\LWV
H[WUHPLWLHV
+H
VKHDY\WKRXJKIRUDQROGDQGWKLQPDQVDLGRQHDVKH
UDLVHGWKHKHDG
7KH\VD\HYHU\\HDUDGGVKDOIDSRXQGWRWKHZHLJKWRIWKH
ERQHVVDLGDQRWKHUOLIWLQJWKHIHHW
+DYH\RXWLHGWKHNQRW"LQTXLUHGWKHILUVWVSHDNHU
:KDWZRXOGEHWKHXVHRIFDUU\LQJVRPXFKPRUHZHLJKW"ZDV
WKHUHSO\,FDQGRWKDWZKHQZHJHWWKHUH
<HV\RX
UHULJKWUHSOLHGWKHFRPSDQLRQ
:KDW
VWKHNQRWIRU"WKRXJKW'DQWHV
7KH\GHSRVLWHGWKHVXSSRVHGFRUSVHRQWKHELHU(GPRQG
VWLIIHQHGKLPVHOILQRUGHUWRSOD\WKHSDUWRIDGHDGPDQ
DQGWKHQWKHSDUW\OLJKWHGE\WKHPDQZLWKWKHWRUFKZKR
ZHQWILUVWDVFHQGHGWKHVWDLUV6XGGHQO\KHIHOWWKHIUHVK
DQGVKDUSQLJKWDLUDQG'DQWHVNQHZWKDWWKHPLVWUDOZDV
EORZLQJ,WZDVDVHQVDWLRQLQZKLFKSOHDVXUHDQGSDLQZHUH
VWUDQJHO\PLQJOHG7KHEHDUHUVZHQWRQIRUWZHQW\SDFHV
WKHQVWRSSHGSXWWLQJWKHELHUGRZQRQWKHJURXQG2QHRI
WKHPZHQWDZD\DQG'DQWHVKHDUGKLVVKRHVVWULNLQJRQWKH
SDYHPHQW
:KHUHDP,"KHDVNHGKLPVHOI
5HDOO\KHLVE\QRPHDQVDOLJKWORDGVDLGWKHRWKHU
EHDUHUVLWWLQJRQWKHHGJHRIWKHKDQGEDUURZ'DQWHV

ILUVWLPSXOVHZDVWRHVFDSHEXWIRUWXQDWHO\KHGLGQRW
DWWHPSWLW

225

*LYHXVDOLJKWVDLGWKHRWKHUEHDUHURU,VKDOOQHYHU
ILQGZKDW,DPORRNLQJIRU7KHPDQZLWKWKHWRUFK
FRPSOLHGDOWKRXJKQRWDVNHGLQWKHPRVWSROLWHWHUPV
:KDWFDQKHEHORRNLQJIRU"WKRXJKW(GPRQG7KHVSDGH
SHUKDSV$QH[FODPDWLRQRIVDWLVIDFWLRQLQGLFDWHGWKDWWKH
JUDYHGLJJHUKDGIRXQGWKHREMHFWRIKLVVHDUFK+HUHLWLV
DWODVWKHVDLGQRWZLWKRXWVRPHWURXEOHWKRXJK
<HVZDVWKHDQVZHUEXWLWKDVORVWQRWKLQJE\ZDLWLQJ
$VKHVDLGWKLVWKHPDQFDPHWRZDUGV(GPRQGZKRKHDUGD
KHDY\PHWDOOLFVXEVWDQFHODLGGRZQEHVLGHKLPDQGDWWKH
VDPHPRPHQWDFRUGZDVIDVWHQHGURXQGKLVIHHWZLWKVXGGHQ
DQGSDLQIXOYLROHQFH
:HOOKDYH\RXWLHGWKHNQRW"LQTXLUHGWKHJUDYHGLJJHU
ZKRZDVORRNLQJRQ
<HVDQGSUHWW\WLJKWWRR,FDQWHOO\RXZDVWKHDQVZHU
0RYHRQWKHQ$QGWKHELHUZDVOLIWHGRQFHPRUHDQGWKH\
SURFHHGHG
7KH\DGYDQFHGILIW\SDFHVIDUWKHUDQGWKHQVWRSSHGWRRSHQ
DGRRUWKHQZHQWIRUZDUGDJDLQ7KHQRLVHRIWKHZDYHV
GDVKLQJDJDLQVWWKHURFNVRQZKLFKWKHFKDWHDXLVEXLOW
UHDFKHG'DQWHV
HDUGLVWLQFWO\DVWKH\ZHQWIRUZDUG
%DGZHDWKHUREVHUYHGRQHRIWKHEHDUHUVQRWDSOHDVDQW
QLJKWIRUDGLSLQWKHVHD
:K\\HVWKHDEEHUXQVDFKDQFHRIEHLQJZHWVDLGWKH
RWKHUDQGWKHQWKHUHZDVDEXUVWRIEUXWDOODXJKWHU'DQWHV
GLGQRWFRPSUHKHQGWKHMHVWEXWKLVKDLUVWRRGHUHFWRQKLV
KHDG
:HOOKHUHZHDUHDWODVWVDLGRQHRIWKHP$OLWWOH
IDUWKHUDOLWWOHIDUWKHUVDLGWKHRWKHU<RXNQRZYHU\
ZHOOWKDWWKHODVWZDVVWRSSHGRQKLVZD\GDVKHGRQWKH
URFNVDQGWKHJRYHUQRUWROGXVQH[WGD\WKDWZHZHUH
FDUHOHVVIHOORZV
7KH\DVFHQGHGILYHRUVL[PRUHVWHSVDQGWKHQ'DQWHVIHOW

226

WKDWWKH\WRRNKLPRQHE\WKHKHDGDQGWKHRWKHUE\WKH
KHHOVDQGVZXQJKLPWRDQGIUR2QHVDLGWKH
JUDYHGLJJHUVWZRWKUHH$QGDWWKHVDPHLQVWDQW'DQWHV
IHOWKLPVHOIIOXQJLQWRWKHDLUOLNHDZRXQGHGELUG
IDOOLQJIDOOLQJZLWKDUDSLGLW\WKDWPDGHKLVEORRG
FXUGOH$OWKRXJKGUDZQGRZQZDUGVE\WKHKHDY\ZHLJKWZKLFK
KDVWHQHGKLVUDSLGGHVFHQWLWVHHPHGWRKLPDVLIWKHIDOO
ODVWHGIRUDFHQWXU\
$WODVWZLWKDKRUULEOHVSODVKKHGDUWHGOLNHDQDUURZ
LQWRWKHLFHFROGZDWHUDQGDVKHGLGVRKHXWWHUHGD
VKULOOFU\VWLIOHGLQDPRPHQWE\KLVLPPHUVLRQEHQHDWKWKH
ZDYHV
'DQWHVKDGEHHQIOXQJLQWRWKHVHDDQGZDVGUDJJHGLQWRLWV
GHSWKVE\DWKLUW\VL[SRXQGVKRWWLHGWRKLVIHHW7KHVHD
LVWKHFHPHWHU\RIWKH&KDWHDXG
,I

&KDSWHU
7KH,VODQGRI7LERXOHQ
'DQWHVDOWKRXJKVWXQQHGDQGDOPRVWVXIIRFDWHGKDG
VXIILFLHQWSUHVHQFHRIPLQGWRKROGKLVEUHDWKDQGDVKLV
ULJKWKDQG SUHSDUHGDVKHZDVIRUHYHU\FKDQFH KHOGKLV
NQLIHRSHQKHUDSLGO\ULSSHGXSWKHVDFNH[WULFDWHGKLV
DUPDQGWKHQKLVERG\EXWLQVSLWHRIDOOKLVHIIRUWVWR
IUHHKLPVHOIIURPWKHVKRWKHIHOWLWGUDJJLQJKLPGRZQ
VWLOOORZHU+HWKHQEHQWKLVERG\DQGE\DGHVSHUDWH
HIIRUWVHYHUHGWKHFRUGWKDWERXQGKLVOHJVDWWKHPRPHQW
ZKHQLWVHHPHGDVLIKHZHUHDFWXDOO\VWUDQJOHG:LWKD
PLJKW\OHDSKHURVHWRWKHVXUIDFHRIWKHVHDZKLOHWKH
VKRWGUDJJHGGRZQWRWKHGHSWKVWKHVDFNWKDWKDGVRQHDUO\
EHFRPHKLVVKURXG
'DQWHVZDLWHGRQO\WRJHWEUHDWKDQGWKHQGLYHGLQRUGHU
WRDYRLGEHLQJVHHQ:KHQKHDURVHDVHFRQGWLPHKHZDV
ILIW\SDFHVIURPZKHUHKHKDGILUVWVXQN+HVDZRYHUKHDGD
EODFNDQGWHPSHVWXRXVVN\DFURVVZKLFKWKHZLQGZDVGULYLQJ
FORXGVWKDWRFFDVLRQDOO\VXIIHUHGDWZLQNOLQJVWDUWR
DSSHDUEHIRUHKLPZDVWKHYDVWH[SDQVHRIZDWHUVVRPEUH
DQGWHUULEOHZKRVHZDYHVIRDPHGDQGURDUHGDVLIEHIRUHWKH
DSSURDFKRIDVWRUP%HKLQGKLPEODFNHUWKDQWKHVHD

227

EODFNHUWKDQWKHVN\URVHSKDQWRPOLNHWKHYDVWVWRQH
VWUXFWXUHZKRVHSURMHFWLQJFUDJVVHHPHGOLNHDUPVH[WHQGHG
WRVHL]HWKHLUSUH\DQGRQWKHKLJKHVWURFNZDVDWRUFK
OLJKWLQJWZRILJXUHV+HIDQFLHGWKDWWKHVHWZRIRUPVZHUH
ORRNLQJDWWKHVHDGRXEWOHVVWKHVHVWUDQJHJUDYHGLJJHUV
KDGKHDUGKLVFU\'DQWHVGLYHGDJDLQDQGUHPDLQHGDORQJ
WLPHEHQHDWKWKHZDWHU7KLVZDVDQHDV\IHDWWRKLPIRUKH
XVXDOO\DWWUDFWHGDFURZGRIVSHFWDWRUVLQWKHED\EHIRUH
WKHOLJKWKRXVHDW0DUVHLOOHVZKHQKHVZDPWKHUHDQGZDV
XQDQLPRXVO\GHFODUHGWREHWKHEHVWVZLPPHULQWKHSRUW
:KHQKHFDPHXSDJDLQWKHOLJKWKDGGLVDSSHDUHG
+HPXVWQRZJHWKLVEHDULQJV5DWRQQHDXDQG3RPHJXHDUHWKH
QHDUHVWLVODQGVRIDOOWKRVHWKDWVXUURXQGWKH&KDWHDXG
,I
EXW5DWRQQHDXDQG3RPHJXHDUHLQKDELWHGDVLVDOVRWKH
LVOHWRI'DXPH7LERXOHQDQG/HPDLUHZHUHWKHUHIRUHWKH
VDIHVWIRU'DQWHV
YHQWXUH7KHLVODQGVRI7LERXOHQDQG
/HPDLUHDUHDOHDJXHIURPWKH&KDWHDXG
,I'DQWHV
QHYHUWKHOHVVGHWHUPLQHGWRPDNHIRUWKHP%XWKRZFRXOGKH
ILQGKLVZD\LQWKHGDUNQHVVRIWKHQLJKW"$WWKLVPRPHQWKH
VDZWKHOLJKWRI3ODQLHUJOHDPLQJLQIURQWRIKLPOLNHD
VWDU%\OHDYLQJWKLVOLJKWRQWKHULJKWKHNHSWWKH,VODQG
RI7LERXOHQDOLWWOHRQWKHOHIWE\WXUQLQJWRWKHOHIW
WKHUHIRUHKHZRXOGILQGLW%XWDVZHKDYHVDLGLWZDVDW
OHDVWDOHDJXHIURPWKH&KDWHDXG
,IWRWKLVLVODQG2IWHQ
LQSULVRQ)DULDKDGVDLGWRKLPZKHQKHVDZKLPLGOHDQG
LQDFWLYH'DQWHV\RXPXVWQRWJLYHZD\WRWKLV
OLVWOHVVQHVV\RXZLOOEHGURZQHGLI\RXVHHNWRHVFDSHDQG
\RXUVWUHQJWKKDVQRWEHHQSURSHUO\H[HUFLVHGDQGSUHSDUHG
IRUH[HUWLRQ7KHVHZRUGVUDQJLQ'DQWHV
HDUVHYHQ
EHQHDWKWKHZDYHVKHKDVWHQHGWRFOHDYHKLVZD\WKURXJK
WKHPWRVHHLIKHKDGQRWORVWKLVVWUHQJWK+HIRXQGZLWK
SOHDVXUHWKDWKLVFDSWLYLW\KDGWDNHQDZD\QRWKLQJRIKLV
SRZHUDQGWKDWKHZDVVWLOOPDVWHURIWKDWHOHPHQWRQZKRVH
ERVRPKHKDGVRRIWHQVSRUWHGDVDER\
)HDUWKDWUHOHQWOHVVSXUVXHUFORJJHG'DQWHV
HIIRUWV+H
OLVWHQHGIRUDQ\VRXQGWKDWPLJKWEHDXGLEOHDQGHYHU\WLPH
WKDWKHURVHWRWKHWRSRIDZDYHKHVFDQQHGWKHKRUL]RQ
DQGVWURYHWRSHQHWUDWHWKHGDUNQHVV+HIDQFLHGWKDWHYHU\
ZDYHEHKLQGKLPZDVDSXUVXLQJERDWDQGKHUHGRXEOHGKLV
H[HUWLRQVLQFUHDVLQJUDSLGO\KLVGLVWDQFHIURPWKHFKDWHDX
EXWH[KDXVWLQJKLVVWUHQJWK+HVZDPRQVWLOODQGDOUHDG\
WKHWHUULEOHFKDWHDXKDGGLVDSSHDUHGLQWKHGDUNQHVV+H

228

FRXOGQRWVHHLWEXWKHIHOWLWVSUHVHQFH$QKRXUSDVVHG
GXULQJZKLFK'DQWHVH[FLWHGE\WKHIHHOLQJRIIUHHGRP
FRQWLQXHGWRFOHDYHWKHZDYHV/HWXVVHHVDLGKH,
KDYHVZXPDERYHDQKRXUEXWDVWKHZLQGLVDJDLQVWPHWKDW
KDVUHWDUGHGP\VSHHGKRZHYHULI,DPQRWPLVWDNHQ,PXVW
EHFORVHWR7LERXOHQ%XWZKDWLI,ZHUHPLVWDNHQ"$
VKXGGHUSDVVHGRYHUKLP+HVRXJKWWRWUHDGZDWHULQRUGHU
WRUHVWKLPVHOIEXWWKHVHDZDVWRRYLROHQWDQGKHIHOW
WKDWKHFRXOGQRWPDNHXVHRIWKLVPHDQVRIUHFXSHUDWLRQ
:HOOVDLGKH,ZLOOVZLPRQXQWLO,DPZRUQRXWRUWKH
FUDPSVHL]HVPHDQGWKHQ,VKDOOVLQNDQGKHVWUXFNRXW
ZLWKWKHHQHUJ\RIGHVSDLU
6XGGHQO\WKHVN\VHHPHGWRKLPWREHFRPHVWLOOGDUNHUDQG
PRUHGHQVHDQGKHDY\FORXGVVHHPHGWRVZHHSGRZQWRZDUGV
KLPDWWKHVDPHWLPHKHIHOWDVKDUSSDLQLQKLVNQHH+H
IDQFLHGIRUDPRPHQWWKDWKHKDGEHHQVKRWDQGOLVWHQHGIRU
WKHUHSRUWEXWKHKHDUGQRWKLQJ7KHQKHSXWRXWKLVKDQG
DQGHQFRXQWHUHGDQREVWDFOHDQGZLWKDQRWKHUVWURNHNQHZ
WKDWKHKDGJDLQHGWKHVKRUH
%HIRUHKLPURVHDJURWHVTXHPDVVRIURFNVWKDWUHVHPEOHG
QRWKLQJVRPXFKDVDYDVWILUHSHWULILHGDWWKHPRPHQWRI
LWVPRVWIHUYHQWFRPEXVWLRQ,WZDVWKH,VODQGRI7LERXOHQ
'DQWHVURVHDGYDQFHGDIHZVWHSVDQGZLWKDIHUYHQW
SUD\HURIJUDWLWXGHVWUHWFKHGKLPVHOIRQWKHJUDQLWHZKLFK
VHHPHGWRKLPVRIWHUWKDQGRZQ7KHQLQVSLWHRIWKHZLQG
DQGUDLQKHIHOOLQWRWKHGHHSVZHHWVOHHSRIXWWHU
H[KDXVWLRQ$WWKHH[SLUDWLRQRIDQKRXU(GPRQGZDVDZDNHQHG
E\WKHURDURIWKXQGHU7KHWHPSHVWZDVOHWORRVHDQG
EHDWLQJWKHDWPRVSKHUHZLWKLWVPLJKW\ZLQJVIURPWLPHWR
WLPHDIODVKRIOLJKWQLQJVWUHWFKHGDFURVVWKHKHDYHQVOLNH
DILHU\VHUSHQWOLJKWLQJXSWKHFORXGVWKDWUROOHGRQLQ
YDVWFKDRWLFZDYHV
'DQWHVKDGQRWEHHQGHFHLYHGKHKDGUHDFKHGWKHILUVWRI
WKHWZRLVODQGVZKLFKZDVLQIDFW7LERXOHQ+HNQHZWKDW
LWZDVEDUUHQDQGZLWKRXWVKHOWHUEXWZKHQWKHVHDEHFDPH
PRUHFDOPKHUHVROYHGWRSOXQJHLQWRLWVZDYHVDJDLQDQG
VZLPWR/HPDLUHHTXDOO\DULGEXWODUJHUDQGFRQVHTXHQWO\
EHWWHUDGDSWHGIRUFRQFHDOPHQW
$QRYHUKDQJLQJURFNRIIHUHGKLPDWHPSRUDU\VKHOWHUDQG

229

VFDUFHO\KDGKHDYDLOHGKLPVHOIRILWZKHQWKHWHPSHVWEXUVW
IRUWKLQDOOLWVIXU\(GPRQGIHOWWKHWUHPEOLQJRIWKHURFN
EHQHDWKZKLFKKHOD\WKHZDYHVGDVKLQJWKHPVHOYHVDJDLQVW
LWZHWWHGKLPZLWKWKHLUVSUD\+HZDVVDIHO\VKHOWHUHG
DQG\HWKHIHOWGL]]\LQWKHPLGVWRIWKHZDUULQJRIWKH
HOHPHQWVDQGWKHGD]]OLQJEULJKWQHVVRIWKHOLJKWQLQJ,W
VHHPHGWRKLPWKDWWKHLVODQGWUHPEOHGWRLWVEDVHDQGWKDW
LWZRXOGOLNHDYHVVHODWDQFKRUEUHDNPRRULQJVDQGEHDU
KLPRIILQWRWKHFHQWUHRIWKHVWRUP+HWKHQUHFROOHFWHG
WKDWKHKDGQRWHDWHQRUGUXQNIRUIRXUDQGWZHQW\KRXUV+H
H[WHQGHGKLVKDQGVDQGGUDQNJUHHGLO\RIWKHUDLQZDWHUWKDW
KDGORGJHGLQDKROORZRIWKHURFN
$VKHURVHDIODVKRIOLJKWQLQJWKDWVHHPHGWRULYHWKH
UHPRWHVWKHLJKWVRIKHDYHQLOOXPLQHGWKHGDUNQHVV%\LWV
OLJKWEHWZHHQWKH,VODQGRI/HPDLUHDQG&DSH&URLVHOOHD
TXDUWHURIDOHDJXHGLVWDQW'DQWHVVDZDILVKLQJERDW
GULYHQUDSLGO\OLNHDVSHFWUHEHIRUHWKHSRZHURIZLQGVDQG
ZDYHV$VHFRQGDIWHUKHVDZLWDJDLQDSSURDFKLQJZLWK
IULJKWIXOUDSLGLW\'DQWHVFULHGDWWKHWRSRIKLVYRLFHWR
ZDUQWKHPRIWKHLUGDQJHUEXWWKH\VDZLWWKHPVHOYHV
$QRWKHUIODVKVKRZHGKLPIRXUPHQFOLQJLQJWRWKHVKDWWHUHG
PDVWDQGWKHULJJLQJZKLOHDILIWKFOXQJWRWKHEURNHQ
UXGGHU
7KHPHQKHEHKHOGVDZKLPXQGRXEWHGO\IRUWKHLUFULHVZHUH
FDUULHGWRKLVHDUVE\WKHZLQG$ERYHWKHVSOLQWHUHGPDVWD
VDLOUHQWWRWDWWHUVZDVZDYLQJVXGGHQO\WKHURSHVWKDW
VWLOOKHOGLWJDYHZD\DQGLWGLVDSSHDUHGLQWKHGDUNQHVV
RIWKHQLJKWOLNHDYDVWVHDELUG$WWKHVDPHPRPHQWD
YLROHQWFUDVKZDVKHDUGDQGFULHVRIGLVWUHVV'DQWHVIURP
KLVURFN\SHUFKVDZWKHVKDWWHUHGYHVVHODQGDPRQJWKH
IUDJPHQWVWKHIORDWLQJIRUPVRIWKHKDSOHVVVDLORUV7KHQ
DOOZDVGDUNDJDLQ
'DQWHVUDQGRZQWKHURFNVDWWKHULVNRIEHLQJKLPVHOI
GDVKHGWRSLHFHVKHOLVWHQHGKHJURSHGDERXWEXWKHKHDUG
DQGVDZQRWKLQJWKHFULHVKDGFHDVHGDQGWKHWHPSHVW
FRQWLQXHGWRUDJH%\GHJUHHVWKHZLQGDEDWHGYDVWJUD\
FORXGVUROOHGWRZDUGVWKHZHVWDQGWKHEOXHILUPDPHQW
DSSHDUHGVWXGGHGZLWKEULJKWVWDUV6RRQDUHGVWUHDNEHFDPH
YLVLEOHLQWKHKRUL]RQWKHZDYHVZKLWHQHGDOLJKWSOD\HG
RYHUWKHPDQGJLOGHGWKHLUIRDPLQJFUHVWVZLWKJROG,WZDV
GD\

230

'DQWHVVWRRGPXWHDQGPRWLRQOHVVEHIRUHWKLVPDMHVWLF
VSHFWDFOHDVLIKHQRZEHKHOGLWIRUWKHILUVWWLPHDQG
LQGHHGVLQFHKLVFDSWLYLW\LQWKH&KDWHDXG
,IKHKDG
IRUJRWWHQWKDWVXFKVFHQHVZHUHHYHUWREHZLWQHVVHG+H
WXUQHGWRZDUGVWKHIRUWUHVVDQGORRNHGDWERWKVHDDQG
ODQG7KHJORRP\EXLOGLQJURVHIURPWKHERVRPRIWKHRFHDQ
ZLWKLPSRVLQJPDMHVW\DQGVHHPHGWRGRPLQDWHWKHVFHQH,W
ZDVDERXWILYHR
FORFN7KHVHDFRQWLQXHGWRJHWFDOPHU
,QWZRRUWKUHHKRXUVWKRXJKW'DQWHVWKHWXUQNH\ZLOO
HQWHUP\FKDPEHUILQGWKHERG\RIP\SRRUIULHQGUHFRJQL]H
LWVHHNIRUPHLQYDLQDQGJLYHWKHDODUP7KHQWKHWXQQHO
ZLOOEHGLVFRYHUHGWKHPHQZKRFDVWPHLQWRWKHVHDDQGZKR
PXVWKDYHKHDUGWKHFU\,XWWHUHGZLOOEHTXHVWLRQHG7KHQ
ERDWVILOOHGZLWKDUPHGVROGLHUVZLOOSXUVXHWKHZUHWFKHG
IXJLWLYH7KHFDQQRQZLOOZDUQHYHU\RQHWRUHIXVHVKHOWHU
WRDPDQZDQGHULQJDERXWQDNHGDQGIDPLVKHG7KHSROLFHRI
0DUVHLOOHVZLOOEHRQWKHDOHUWE\ODQGZKLOVWWKHJRYHUQRU
SXUVXHVPHE\VHD,DPFROG,DPKXQJU\,KDYHORVWHYHQ
WKHNQLIHWKDWVDYHGPH2P\*RG,KDYHVXIIHUHGHQRXJK
VXUHO\+DYHSLW\RQPHDQGGRIRUPHZKDW,DPXQDEOHWR
GRIRUP\VHOI
$V'DQWHV KLVH\HVWXUQHGLQWKHGLUHFWLRQRIWKH&KDWHDX
G
,I XWWHUHGWKLVSUD\HUKHVDZRIIWKHIDUWKHUSRLQWRI
WKH,VODQGRI3RPHJXHDVPDOOYHVVHOZLWKODWHHQVDLO
VNLPPLQJWKHVHDOLNHDJXOOLQVHDUFKRISUH\DQGZLWKKLV
VDLORU
VH\HKHNQHZLWWREHD*HQRHVHWDUWDQ6KHZDV
FRPLQJRXWRI0DUVHLOOHVKDUERUDQGZDVVWDQGLQJRXWWRVHD
UDSLGO\KHUVKDUSSURZFOHDYLQJWKURXJKWKHZDYHV2K
FULHG(GPRQGWRWKLQNWKDWLQKDOIDQKRXU,FRXOGMRLQ
KHUGLG,QRWIHDUEHLQJTXHVWLRQHGGHWHFWHGDQGFRQYH\HG
EDFNWR0DUVHLOOHV:KDWFDQ,GR":KDWVWRU\FDQ,LQYHQW"
XQGHUSUHWH[WRIWUDGLQJDORQJWKHFRDVWWKHVHPHQZKRDUH
LQUHDOLW\VPXJJOHUVZLOOSUHIHUVHOOLQJPHWRGRLQJDJRRG
DFWLRQ,PXVWZDLW%XW,FDQQRW,DPVWDUYLQJ,QDIHZ
KRXUVP\VWUHQJWKZLOOEHXWWHUO\H[KDXVWHGEHVLGHV
SHUKDSV,KDYHQRWEHHQPLVVHGDWWKHIRUWUHVV,FDQSDVV
DVRQHRIWKHVDLORUVZUHFNHGODVWQLJKW0\VWRU\ZLOOEH
DFFHSWHGIRUWKHUHLVQRRQHOHIWWRFRQWUDGLFWPH
$VKHVSRNH'DQWHVORRNHGWRZDUGWKHVSRWZKHUHWKH
ILVKLQJYHVVHOKDGEHHQZUHFNHGDQGVWDUWHG7KHUHGFDSRI

231

RQHRIWKHVDLORUVKXQJWRDSRLQWRIWKHURFNDQGVRPH
WLPEHUVWKDWKDGIRUPHGSDUWRIWKHYHVVHO
VNHHOIORDWHG
DWWKHIRRWRIWKHFUDJ,WDQLQVWDQW'DQWHV
SODQZDV
IRUPHGKHVZDPWRWKHFDSSODFHGLWRQKLVKHDGVHL]HG
RQHRIWKHWLPEHUVDQGVWUXFNRXWVRDVWRFXWDFURVVWKH
FRXUVHWKHYHVVHOZDVWDNLQJ
,DPVDYHGPXUPXUHGKH$QGWKLVFRQYLFWLRQUHVWRUHGKLV
VWUHQJWK
+HVRRQVDZWKDWWKHYHVVHOZLWKWKHZLQGGHDGDKHDGZDV
WDFNLQJEHWZHHQWKH&KDWHDXG
,IDQGWKHWRZHURI3ODQLHU
)RUDQLQVWDQWKHIHDUHGOHVWLQVWHDGRINHHSLQJLQVKRUH
VKHVKRXOGVWDQGRXWWRVHDEXWKHVRRQVDZWKDWVKHZRXOG
SDVVOLNHPRVWYHVVHOVERXQGIRU,WDO\EHWZHHQWKHLVODQGV
RI-DURVDQG&DODVHUDLJQH+RZHYHUWKHYHVVHODQGWKH
VZLPPHULQVHQVLEO\QHDUHGRQHDQRWKHUDQGLQRQHRILWV
WDFNVWKHWDUWDQERUHGRZQZLWKLQDTXDUWHURIDPLOHRI
KLP+HURVHRQWKHZDYHVPDNLQJVLJQVRIGLVWUHVVEXWQR
RQHRQERDUGVDZKLPDQGWKHYHVVHOVWRRGRQDQRWKHUWDFN
'DQWHVZRXOGKDYHVKRXWHGEXWKHNQHZWKDWWKHZLQGZRXOG
GURZQKLVYRLFH
,WZDVWKHQKHUHMRLFHGDWKLVSUHFDXWLRQLQWDNLQJWKH
WLPEHUIRUZLWKRXWLWKHZRXOGKDYHEHHQXQDEOHSHUKDSV
WRUHDFKWKHYHVVHOFHUWDLQO\WRUHWXUQWRVKRUHVKRXOG
KHEHXQVXFFHVVIXOLQDWWUDFWLQJDWWHQWLRQ
'DQWHVWKRXJKDOPRVWVXUHDVWRZKDWFRXUVHWKHYHVVHO
ZRXOGWDNHKDG\HWZDWFKHGLWDQ[LRXVO\XQWLOLWWDFNHGDQG
VWRRGWRZDUGVKLP7KHQKHDGYDQFHGEXWEHIRUHWKH\FRXOG
PHHWWKHYHVVHODJDLQFKDQJHGKHUFRXUVH%\DYLROHQW
HIIRUWKHURVHKDOIRXWRIWKHZDWHUZDYLQJKLVFDSDQG
XWWHULQJDORXGVKRXWSHFXOLDUWRVDLOHUV7KLVWLPHKHZDV
ERWKVHHQDQGKHDUGDQGWKHWDUWDQLQVWDQWO\VWHHUHG
WRZDUGVKLP$WWKHVDPHWLPHKHVDZWKH\ZHUHDERXWWR
ORZHUWKHERDW
$QLQVWDQWDIWHUWKHERDWURZHGE\WZRPHQDGYDQFHG
UDSLGO\WRZDUGVKLP'DQWHVOHWJRRIWKHWLPEHUZKLFKKH
QRZWKRXJKWWREHXVHOHVVDQGVZDPYLJRURXVO\WRPHHWWKHP
%XWKHKDGUHFNRQHGWRRPXFKXSRQKLVVWUHQJWKDQGWKHQKH
UHDOL]HGKRZVHUYLFHDEOHWKHWLPEHUKDGEHHQWRKLP+LV
DUPVEHFDPHVWLIIKLVOHJVORVWWKHLUIOH[LELOLW\DQGKH

232

ZDVDOPRVWEUHDWKOHVV
+HVKRXWHGDJDLQ7KHWZRVDLORUVUHGRXEOHGWKHLUHIIRUWV
DQGRQHRIWKHPFULHGLQ,WDOLDQ&RXUDJH
7KHZRUGUHDFKHGKLVHDUDVDZDYHZKLFKKHQRORQJHUKDG
WKHVWUHQJWKWRVXUPRXQWSDVVHGRYHUKLVKHDG+HURVHDJDLQ
WRWKHVXUIDFHVWUXJJOHGZLWKWKHODVWGHVSHUDWHHIIRUWRI
DGURZQLQJPDQXWWHUHGDWKLUGFU\DQGIHOWKLPVHOI
VLQNLQJDVLIWKHIDWDOFDQQRQVKRWZHUHDJDLQWLHGWRKLV
IHHW7KHZDWHUSDVVHGRYHUKLVKHDGDQGWKHVN\WXUQHG
JUD\$FRQYXOVLYHPRYHPHQWDJDLQEURXJKWKLPWRWKH
VXUIDFH+HIHOWKLPVHOIVHL]HGE\WKHKDLUWKHQKHVDZDQG
KHDUGQRWKLQJ+HKDGIDLQWHG
:KHQKHRSHQHGKLVH\HV'DQWHVIRXQGKLPVHOIRQWKHGHFNRI
WKHWDUWDQ+LVILUVWFDUHZDVWRVHHZKDWFRXUVHWKH\ZHUH
WDNLQJ7KH\ZHUHUDSLGO\OHDYLQJWKH&KDWHDXG
,IEHKLQG
'DQWHVZDVVRH[KDXVWHGWKDWWKHH[FODPDWLRQRIMR\KH
XWWHUHGZDVPLVWDNHQIRUDVLJK
$VZHKDYHVDLGKHZDVO\LQJRQWKHGHFN$VDLORUZDV
UXEELQJKLVOLPEVZLWKDZRROOHQFORWKDQRWKHUZKRPKH
UHFRJQL]HGDVWKHRQHZKRKDGFULHGRXW&RXUDJHKHOGD
JRXUGIXOORIUXPWRKLVPRXWKZKLOHWKHWKLUGDQROG
VDLOHUDWRQFHWKHSLORWDQGFDSWDLQORRNHGRQZLWKWKDW
HJRWLVWLFDOSLW\PHQIHHOIRUDPLVIRUWXQHWKDWWKH\KDYH
HVFDSHG\HVWHUGD\DQGZKLFKPD\RYHUWDNHWKHPWRPRUURZ
$IHZGURSVRIWKHUXPUHVWRUHGVXVSHQGHGDQLPDWLRQZKLOH
WKHIULFWLRQRIKLVOLPEVUHVWRUHGWKHLUHODVWLFLW\
:KRDUH\RX"VDLGWKHSLORWLQEDG)UHQFK
,DPUHSOLHG'DQWHVLQEDG,WDOLDQD0DOWHVHVDLORU
:HZHUHFRPLQJIURP6\UDFXVHODGHQZLWKJUDLQ7KHVWRUPRI
ODVWQLJKWRYHUWRRNXVDW&DSH0RUJLRQDQGZHZHUHZUHFNHG
RQWKHVHURFNV
:KHUHGR\RXFRPHIURP"
)URPWKHVHURFNVWKDW,KDGWKHJRRGOXFNWRFOLQJWRZKLOH
RXUFDSWDLQDQGWKHUHVWRIWKHFUHZZHUHDOOORVW,VDZ
\RXUYHVVHODQGIHDUIXORIEHLQJOHIWWRSHULVKRQWKH

233

GHVRODWHLVODQG,VZDPRIIRQDSLHFHRIZUHFNDJHWRWU\
DQGLQWHUFHSW\RXUFRXUVH<RXKDYHVDYHGP\OLIHDQG,
WKDQN\RXFRQWLQXHG'DQWHV,ZDVORVWZKHQRQHRI\RXU
VDLORUVFDXJKWKROGRIP\KDLU
,WZDV,VDLGDVDLORURIDIUDQNDQGPDQO\DSSHDUDQFH
DQGLWZDVWLPHIRU\RXZHUHVLQNLQJ
<HVUHWXUQHG'DQWHVKROGLQJRXWKLVKDQG,WKDQN\RX
DJDLQ
,DOPRVWKHVLWDWHGWKRXJKUHSOLHGWKHVDLORU\RX
ORRNHGPRUHOLNHDEULJDQGWKDQDQKRQHVWPDQZLWK\RXU
EHDUGVL[LQFKHVDQG\RXUKDLUDIRRWORQJ'DQWHV
UHFROOHFWHGWKDWKLVKDLUDQGEHDUGKDGQRWEHHQFXWDOOWKH
WLPHKHZDVDWWKH&KDWHDXG
,I
<HVVDLGKH,PDGHDYRZWRRXU/DG\RIWKH*URWWRQRW
WRFXWP\KDLURUEHDUGIRUWHQ\HDUVLI,ZHUHVDYHGLQD
PRPHQWRIGDQJHUEXWWRGD\WKHYRZH[SLUHV
1RZZKDWDUHZHWRGRZLWK\RX"VDLGWKHFDSWDLQ
$ODVDQ\WKLQJ\RXSOHDVH0\FDSWDLQLVGHDG,KDYH
EDUHO\HVFDSHGEXW,DPDJRRGVDLORU/HDYHPHDWWKH
ILUVWSRUW\RXPDNH,VKDOOEHVXUHWRILQGHPSOR\PHQW
'R\RXNQRZWKH0HGLWHUUDQHDQ"
,KDYHVDLOHGRYHULWVLQFHP\FKLOGKRRG
<RXNQRZWKHEHVWKDUERUV"
7KHUHDUHIHZSRUWVWKDW,FRXOGQRWHQWHURUOHDYHZLWKD
EDQGDJHRYHUP\H\HV
,VD\FDSWDLQVDLGWKHVDLORUZKRKDGFULHG&RXUDJH
WR'DQWHVLIZKDWKHVD\VLVWUXHZKDWKLQGHUVKLV
VWD\LQJZLWKXV"
,IKHVD\VWUXHVDLGWKHFDSWDLQGRXEWLQJO\%XWLQKLV
SUHVHQWFRQGLWLRQKHZLOOSURPLVHDQ\WKLQJDQGWDNHKLV
FKDQFHRINHHSLQJLWDIWHUZDUGV

234

,ZLOOGRPRUHWKDQ,SURPLVHVDLG'DQWHV
:HVKDOOVHHUHWXUQHGWKHRWKHUVPLOLQJ
:KHUHDUH\RXJRLQJ"DVNHG'DQWHV
7R/HJKRUQ
7KHQZK\LQVWHDGRIWDFNLQJVRIUHTXHQWO\GR\RXQRWVDLO
QHDUHUWKHZLQG"
%HFDXVHZHVKRXOGUXQVWUDLJKWRQWRWKH,VODQGRI5LRQ
<RXVKDOOSDVVLWE\WZHQW\IDWKRPV
7DNHWKHKHOPDQGOHWXVVHHZKDW\RXNQRZ7KH\RXQJPDQ
WRRNWKHKHOPIHOWWRVHHLIWKHYHVVHODQVZHUHGWKHUXGGHU
SURPSWO\DQGVHHLQJWKDWZLWKRXWEHLQJDILUVWUDWHVDLOHU
VKH\HWZDVWROHUDEO\REHGLHQW
7RWKHVKHHWVVDLGKH7KHIRXUVHDPHQZKRFRPSRVHGWKH
FUHZREH\HGZKLOHWKHSLORWORRNHGRQ+DXOWDXW
7KH\REH\HG
%HOD\7KLVRUGHUZDVDOVRH[HFXWHGDQGWKHYHVVHO
SDVVHGDV'DQWHVKDGSUHGLFWHGWZHQW\IDWKRPVWRZLQGZDUG
%UDYRVDLGWKHFDSWDLQ
%UDYRUHSHDWHGWKHVDLORUV$QGWKH\DOOORRNHGZLWK
DVWRQLVKPHQWDWWKLVPDQZKRVHH\HQRZGLVFORVHGDQ
LQWHOOLJHQFHDQGKLVERG\DYLJRUWKH\KDGQRWWKRXJKWKLP
FDSDEOHRIVKRZLQJ
<RXVHHVDLG'DQWHVTXLWWLQJWKHKHOP,VKDOOEHRI
VRPHXVHWR\RXDWOHDVWGXULQJWKHYR\DJH,I\RXGRQRW
ZDQWPHDW/HJKRUQ\RXFDQOHDYHPHWKHUHDQG,ZLOOSD\
\RXRXWRIWKHILUVWZDJHV,JHWIRUP\IRRGDQGWKH
FORWKHV\RXOHQGPH
$KVDLGWKHFDSWDLQZHFDQDJUHHYHU\ZHOOLI\RXDUH
UHDVRQDEOH
*LYHPHZKDW\RXJLYHWKHRWKHUVDQGLWZLOOEHDOO

235

ULJKWUHWXUQHG'DQWHV
7KDW
VQRWIDLUVDLGWKHVHDPDQZKRKDGVDYHG'DQWHV
IRU\RXNQRZPRUHWKDQZHGR
:KDWLVWKDWWR\RX-DFRSR"UHWXUQHGWKH&DSWDLQ(YHU\
RQHLVIUHHWRDVNZKDWKHSOHDVHV
7KDW
VWUXHUHSOLHG-DFRSR,RQO\PDNHDUHPDUN
:HOO\RXZRXOGGRPXFKEHWWHUWRILQGKLPDMDFNHWDQGD
SDLURIWURXVHUVLI\RXKDYHWKHP
1RVDLG-DFRSREXW,KDYHDVKLUWDQGDSDLURI
WURXVHUV
7KDWLVDOO,ZDQWLQWHUUXSWHG'DQWHV-DFRSRGLYHGLQWR
WKHKROGDQGVRRQUHWXUQHGZLWKZKDW(GPRQGZDQWHG
1RZWKHQGR\RXZLVKIRUDQ\WKLQJHOVH"VDLGWKHSDWURQ
$SLHFHRIEUHDGDQGDQRWKHUJODVVRIWKHFDSLWDOUXP,
WDVWHGIRU,KDYHQRWHDWHQRUGUXQNIRUDORQJWLPH+H
KDGQRWWDVWHGIRRGIRUIRUW\KRXUV$SLHFHRIEUHDGZDV
EURXJKWDQG-DFRSRRIIHUHGKLPWKHJRXUG
/DUERDUG\RXUKHOPFULHGWKHFDSWDLQWRWKHVWHHUVPDQ
'DQWHVJODQFHGWKDWZD\DVKHOLIWHGWKHJRXUGWRKLVPRXWK
WKHQSDXVHGZLWKKDQGLQPLGDLU
+ROORZKDW
VWKHPDWWHUDWWKH&KDWHDXG
,I"VDLGWKH
FDSWDLQ
$VPDOOZKLWHFORXGZKLFKKDGDWWUDFWHG'DQWHV
DWWHQWLRQ
FURZQHGWKHVXPPLWRIWKHEDVWLRQRIWKH&KDWHDXG
,I$W
WKHVDPHPRPHQWWKHIDLQWUHSRUWRIDJXQZDVKHDUG7KH
VDLORUVORRNHGDWRQHDQRWKHU
:KDWLVWKLV"DVNHGWKHFDSWDLQ
$SULVRQHUKDVHVFDSHGIURPWKH&KDWHDXG
,IDQGWKH\DUH
ILULQJWKHDODUPJXQUHSOLHG'DQWHV7KHFDSWDLQJODQFHG
DWKLPEXWKHKDGOLIWHGWKHUXPWRKLVOLSVDQGZDV
GULQNLQJLWZLWKVRPXFKFRPSRVXUHWKDWVXVSLFLRQVLIWKH

236

FDSWDLQKDGDQ\GLHGDZD\
$WDQ\UDWHPXUPXUHGKHLILWEHVRPXFKWKHEHWWHU
IRU,KDYHPDGHDUDUHDFTXLVLWLRQ8QGHUSUHWHQFHRIEHLQJ
IDWLJXHG'DQWHVDVNHGWRWDNHWKHKHOPWKHVWHHUVPDQJODG
WREHUHOLHYHGORRNHGDWWKHFDSWDLQDQGWKHODWWHUE\D
VLJQLQGLFDWHGWKDWKHPLJKWDEDQGRQLWWRKLVQHZFRPUDGH
'DQWHVFRXOGWKXVNHHSKLVH\HVRQ0DUVHLOOHV
:KDWLVWKHGD\RIWKHPRQWK"DVNHGKHRI-DFRSRZKRVDW
GRZQEHVLGHKLP
7KHWKRI)HEUXDU\
,QZKDW\HDU"
,QZKDW\HDU\RXDVNPHLQZKDW\HDU"
<HVUHSOLHGWKH\RXQJPDQ,DVN\RXLQZKDW\HDU
<RXKDYHIRUJRWWHQWKHQ"
,JRWVXFKDIULJKWODVWQLJKWUHSOLHG'DQWHVVPLOLQJ
WKDW,KDYHDOPRVWORVWP\PHPRU\,DVN\RXZKDW\HDULV
LW"
7KH\HDUUHWXUQHG-DFRSR,WZDVIRXUWHHQ\HDUVGD\
IRUGD\VLQFH'DQWHV
DUUHVW+HZDVQLQHWHHQZKHQKH
HQWHUHGWKH&KDWHDXG
,IKHZDVWKLUW\WKUHHZKHQKH
HVFDSHG$VRUURZIXOVPLOHSDVVHGRYHUKLVIDFHKHDVNHG
KLPVHOIZKDWKDGEHFRPHRI0HUFHGHVZKRPXVWEHOLHYHKLP
GHDG7KHQKLVH\HVOLJKWHGXSZLWKKDWUHGDVKHWKRXJKWRI
WKHWKUHHPHQZKRKDGFDXVHGKLPVRORQJDQGZUHWFKHGD
FDSWLYLW\+HUHQHZHGDJDLQVW'DQJODUV)HUQDQGDQG
9LOOHIRUWWKHRDWKRILPSODFDEOHYHQJHDQFHKHKDGPDGHLQ
KLVGXQJHRQ7KLVRDWKZDVQRORQJHUDYDLQPHQDFHIRUWKH
IDVWHVWVDLOHULQWKH0HGLWHUUDQHDQZRXOGKDYHEHHQXQDEOH
WRRYHUWDNHWKHOLWWOHWDUWDQWKDWZLWKHYHU\VWLWFKRI
FDQYDVVHWZDVIO\LQJEHIRUHWKHZLQGWR/HJKRUQ

&KDSWHU
7KH6PXJJOHUV

237

'DQWHVKDGQRWEHHQDGD\RQERDUGEHIRUHKHKDGDYHU\
FOHDULGHDRIWKHPHQZLWKZKRPKLVORWKDGEHHQFDVW
:LWKRXWKDYLQJEHHQLQWKHVFKRRORIWKH$EEH)DULDWKH
ZRUWK\PDVWHURI7KH<RXQJ$PHOLD WKHQDPHRIWKH*HQRHVH
WDUWDQ NQHZDVPDWWHULQJRIDOOWKHWRQJXHVVSRNHQRQWKH
VKRUHVRIWKDWODUJHODNHFDOOHGWKH0HGLWHUUDQHDQIURPWKH
$UDELFWRWKH3URYHQFDODQGWKLVZKLOHLWVSDUHGKLP
LQWHUSUHWHUVSHUVRQVDOZD\VWURXEOHVRPHDQGIUHTXHQWO\
LQGLVFUHHWJDYHKLPJUHDWIDFLOLWLHVRIFRPPXQLFDWLRQ
HLWKHUZLWKWKHYHVVHOVKHPHWDWVHDZLWKWKHVPDOOERDWV
VDLOLQJDORQJWKHFRDVWRUZLWKWKHSHRSOHZLWKRXWQDPH
FRXQWU\RURFFXSDWLRQZKRDUHDOZD\VVHHQRQWKHTXD\VRI
VHDSRUWVDQGZKROLYHE\KLGGHQDQGP\VWHULRXVPHDQVZKLFK
ZHPXVWVXSSRVHWREHDGLUHFWJLIWRISURYLGHQFHDVWKH\
KDYHQRYLVLEOHPHDQVRIVXSSRUW,WLVIDLUWRDVVXPHWKDW
'DQWHVZDVRQERDUGDVPXJJOHU
$WILUVWWKHFDSWDLQKDGUHFHLYHG'DQWHVRQERDUGZLWKD
FHUWDLQGHJUHHRIGLVWUXVW+HZDVYHU\ZHOONQRZQWRWKH
FXVWRPVRIILFHUVRIWKHFRDVWDQGDVWKHUHZDVEHWZHHQ
WKHVHZRUWKLHVDQGKLPVHOIDSHUSHWXDOEDWWOHRIZLWVKH
KDGDWILUVWWKRXJKWWKDW'DQWHVPLJKWEHDQHPLVVDU\RI
WKHVHLQGXVWULRXVJXDUGLDQVRIULJKWVDQGGXWLHVZKR
SHUKDSVHPSOR\HGWKLVLQJHQLRXVPHDQVRIOHDUQLQJVRPHRI
WKHVHFUHWVRIKLVWUDGH%XWWKHVNLOIXOPDQQHULQZKLFK
'DQWHVKDGKDQGOHGWKHOXJJHUKDGHQWLUHO\UHDVVXUHGKLP
DQGWKHQZKHQKHVDZWKHOLJKWSOXPHRIVPRNHIORDWLQJ
DERYHWKHEDVWLRQRIWKH&KDWHDXG
,IDQGKHDUGWKHGLVWDQW
UHSRUWKHZDVLQVWDQWO\VWUXFNZLWKWKHLGHDWKDWKHKDGRQ
ERDUGKLVYHVVHORQHZKRVHFRPLQJDQGJRLQJOLNHWKDWRI
NLQJVZDVDFFRPSDQLHGZLWKVDOXWHVRIDUWLOOHU\7KLVPDGH
KLPOHVVXQHDV\LWPXVWEHRZQHGWKDQLIWKHQHZFRPHUKDG
SURYHGWREHDFXVWRPVRIILFHUEXWWKLVVXSSRVLWLRQDOVR
GLVDSSHDUHGOLNHWKHILUVWZKHQKHEHKHOGWKHSHUIHFW
WUDQTXLOOLW\RIKLVUHFUXLW
(GPRQGWKXVKDGWKHDGYDQWDJHRINQRZLQJZKDWWKHRZQHUZDV
ZLWKRXWWKHRZQHUNQRZLQJZKRKHZDVDQGKRZHYHUWKHROG
VDLORUDQGKLVFUHZWULHGWRSXPSKLPWKH\H[WUDFWHG
QRWKLQJPRUHIURPKLPKHJDYHDFFXUDWHGHVFULSWLRQVRI
1DSOHVDQG0DOWDZKLFKKHNQHZDVZHOODV0DUVHLOOHVDQG
KHOGVWRXWO\WRKLVILUVWVWRU\7KXVWKH*HQRHVHVXEWOHDV
KHZDVZDVGXSHGE\(GPRQGLQZKRVHIDYRUKLVPLOG

238

GHPHDQRUKLVQDXWLFDOVNLOODQGKLVDGPLUDEOH
GLVVLPXODWLRQSOHDGHG0RUHRYHULWLVSRVVLEOHWKDWWKH
*HQRHVHZDVRQHRIWKRVHVKUHZGSHUVRQVZKRNQRZQRWKLQJEXW
ZKDWWKH\VKRXOGNQRZDQGEHOLHYHQRWKLQJEXWZKDWWKH\
VKRXOGEHOLHYH
,QWKLVVWDWHRIPXWXDOXQGHUVWDQGLQJWKH\UHDFKHG/HJKRUQ
+HUH(GPRQGZDVWRXQGHUJRDQRWKHUWULDOKHZDVWRILQGRXW
ZKHWKHUKHFRXOGUHFRJQL]HKLPVHOIDVKHKDGQRWVHHQKLV
RZQIDFHIRUIRXUWHHQ\HDUV+HKDGSUHVHUYHGDWROHUDEO\
JRRGUHPHPEUDQFHRIZKDWWKH\RXWKKDGEHHQDQGZDVQRZWR
ILQGRXWZKDWWKHPDQKDGEHFRPH+LVFRPUDGHVEHOLHYHGWKDW
KLVYRZZDVIXOILOOHG$VKHKDGWZHQW\WLPHVWRXFKHGDW
/HJKRUQKHUHPHPEHUHGDEDUEHULQ6W)HUGLQDQG6WUHHWKH
ZHQWWKHUHWRKDYHKLVEHDUGDQGKDLUFXW7KHEDUEHUJD]HG
LQDPD]HPHQWDWWKLVPDQZLWKWKHORQJWKLFNDQGEODFNKDLU
DQGEHDUGZKLFKJDYHKLVKHDGWKHDSSHDUDQFHRIRQHRI
7LWLDQ
VSRUWUDLWV$WWKLVSHULRGLWZDVQRWWKHIDVKLRQWR
ZHDUVRODUJHDEHDUGDQGKDLUVRORQJQRZDEDUEHUZRXOG
RQO\EHVXUSULVHGLIDPDQJLIWHGZLWKVXFKDGYDQWDJHV
VKRXOGFRQVHQWYROXQWDULO\WRGHSULYHKLPVHOIRIWKHP7KH
/HJKRUQEDUEHUVDLGQRWKLQJDQGZHQWWRZRUN
:KHQWKHRSHUDWLRQZDVFRQFOXGHGDQG(GPRQGIHOWWKDWKLV
FKLQZDVFRPSOHWHO\VPRRWKDQGKLVKDLUUHGXFHGWRLWV
XVXDOOHQJWKKHDVNHGIRUDKDQGJODVV+HZDVQRZDVZH
KDYHVDLGWKUHHDQGWKLUW\\HDUVRIDJHDQGKLVIRXUWHHQ
\HDUV
LPSULVRQPHQWKDGSURGXFHGDJUHDWWUDQVIRUPDWLRQLQ
KLVDSSHDUDQFH'DQWHVKDGHQWHUHGWKH&KDWHDXG
,IZLWKWKH
URXQGRSHQVPLOLQJIDFHRID\RXQJDQGKDSS\PDQZLWK
ZKRPWKHHDUO\SDWKVRIOLIHKDYHEHHQVPRRWKDQGZKR
DQWLFLSDWHVDIXWXUHFRUUHVSRQGLQJZLWKKLVSDVW7KLVZDV
QRZDOOFKDQJHG7KHRYDOIDFHZDVOHQJWKHQHGKLVVPLOLQJ
PRXWKKDGDVVXPHGWKHILUPDQGPDUNHGOLQHVZKLFKEHWRNHQ
UHVROXWLRQKLVH\HEURZVZHUHDUFKHGEHQHDWKDEURZIXUURZHG
ZLWKWKRXJKWKLVH\HVZHUHIXOORIPHODQFKRO\DQGIURP
WKHLUGHSWKVRFFDVLRQDOO\VSDUNOHGJORRP\ILUHVRI
PLVDQWKURS\DQGKDWUHGKLVFRPSOH[LRQVRORQJNHSWIURP
WKHVXQKDGQRZWKDWSDOHFRORUZKLFKSURGXFHVZKHQWKH
IHDWXUHVDUHHQFLUFOHGZLWKEODFNKDLUWKHDULVWRFUDWLF
EHDXW\RIWKHPDQRIWKHQRUWKWKHSURIRXQGOHDUQLQJKHKDG
DFTXLUHGKDGEHVLGHVGLIIXVHGRYHUKLVIHDWXUHVDUHILQHG
LQWHOOHFWXDOH[SUHVVLRQDQGKHKDGDOVRDFTXLUHGEHLQJ
QDWXUDOO\RIDJRRGO\VWDWXUHWKDWYLJRUZKLFKDIUDPH

239

SRVVHVVHVZKLFKKDVVRORQJFRQFHQWUDWHGDOOLWVIRUFH
ZLWKLQLWVHOI
7RWKHHOHJDQFHRIDQHUYRXVDQGVOLJKWIRUPKDGVXFFHHGHG
WKHVROLGLW\RIDURXQGHGDQGPXVFXODUILJXUH$VWRKLV
YRLFHSUD\HUVVREVDQGLPSUHFDWLRQVKDGFKDQJHGLWVR
WKDWDWWLPHVLWZDVRIDVLQJXODUO\SHQHWUDWLQJVZHHWQHVV
DQGDWRWKHUVURXJKDQGDOPRVWKRDUVH0RUHRYHUIURPEHLQJ
VRORQJLQWZLOLJKWRUGDUNQHVVKLVH\HVKDGDFTXLUHGWKH
IDFXOW\RIGLVWLQJXLVKLQJREMHFWVLQWKHQLJKWFRPPRQWR
WKHK\HQDDQGWKHZROI(GPRQGVPLOHGZKHQKHEHKHOG
KLPVHOILWZDVLPSRVVLEOHWKDWKLVEHVWIULHQGLI
LQGHHGKHKDGDQ\IULHQGOHIWFRXOGUHFRJQL]HKLPKH
FRXOGQRWUHFRJQL]HKLPVHOI
7KHPDVWHURI7KH<RXQJ$PHOLDZKRZDVYHU\GHVLURXVRI
UHWDLQLQJDPRQJVWKLVFUHZDPDQRI(GPRQG
VYDOXHKDG
RIIHUHGWRDGYDQFHKLPIXQGVRXWRIKLVIXWXUHSURILWV
ZKLFK(GPRQGKDGDFFHSWHG+LVQH[WFDUHRQOHDYLQJWKH
EDUEHU
VZKRKDGDFKLHYHGKLVILUVWPHWDPRUSKRVLVZDVWR
HQWHUDVKRSDQGEX\DFRPSOHWHVDLORU
VVXLWDJDUEDV
ZHDOONQRZYHU\VLPSOHDQGFRQVLVWLQJRIZKLWHWURXVHUV
DVWULSHGVKLUWDQGDFDS,WZDVLQWKLVFRVWXPHDQG
EULQJLQJEDFNWR-DFRSRWKHVKLUWDQGWURXVHUVKHKDGOHQW
KLPWKDW(GPRQGUHDSSHDUHGEHIRUHWKHFDSWDLQRIWKH
OXJJHUZKRKDGPDGHKLPWHOOKLVVWRU\RYHUDQGRYHUDJDLQ
EHIRUHKHFRXOGEHOLHYHKLPRUUHFRJQL]HLQWKHQHDWDQG
WULPVDLORUWKHPDQZLWKWKLFNDQGPDWWHGEHDUGKDLU
WDQJOHGZLWKVHDZHHGDQGERG\VRDNLQJLQVHDEULQHZKRPKH
KDGSLFNHGXSQDNHGDQGQHDUO\GURZQHG$WWUDFWHGE\KLV
SUHSRVVHVVLQJDSSHDUDQFHKHUHQHZHGKLVRIIHUVRIDQ
HQJDJHPHQWWR'DQWHVEXW'DQWHVZKRKDGKLVRZQSURMHFWV
ZRXOGQRWDJUHHIRUDORQJHUWLPHWKDQWKUHHPRQWKV
7KH<RXQJ$PHOLDKDGDYHU\DFWLYHFUHZYHU\REHGLHQWWR
WKHLUFDSWDLQZKRORVWDVOLWWOHWLPHDVSRVVLEOH+HKDG
VFDUFHO\EHHQDZHHNDW/HJKRUQEHIRUHWKHKROGRIKLV
YHVVHOZDVILOOHGZLWKSULQWHGPXVOLQVFRQWUDEDQGFRWWRQV
(QJOLVKSRZGHUDQGWREDFFRRQZKLFKWKHH[FLVHKDG
IRUJRWWHQWRSXWLWVPDUN7KHPDVWHUZDVWRJHWDOOWKLV
RXWRI/HJKRUQIUHHRIGXWLHVDQGODQGLWRQWKHVKRUHVRI
&RUVLFDZKHUHFHUWDLQVSHFXODWRUVXQGHUWRRNWRIRUZDUGWKH
FDUJRWR)UDQFH7KH\VDLOHG(GPRQGZDVDJDLQFOHDYLQJWKH
D]XUHVHDZKLFKKDGEHHQWKHILUVWKRUL]RQRIKLV\RXWKDQG

240

ZKLFKKHKDGVRRIWHQGUHDPHGRILQSULVRQ+HOHIW*RUJRQH
RQKLVULJKWDQG/D3LDQRVDRQKLVOHIWDQGZHQWWRZDUGV
WKHFRXQWU\RI3DROLDQG1DSROHRQ7KHQH[WPRUQLQJJRLQJRQ
GHFNDVKHDOZD\VGLGDWDQHDUO\KRXUWKHSDWURQIRXQG
'DQWHVOHDQLQJDJDLQVWWKHEXOZDUNVJD]LQJZLWKLQWHQVH
HDUQHVWQHVVDWDSLOHRIJUDQLWHURFNVZKLFKWKHULVLQJVXQ
WLQJHGZLWKURV\OLJKW,WZDVWKH,VODQGRI0RQWH&ULVWR
7KH<RXQJ$PHOLDOHIWLWWKUHHTXDUWHUVRIDOHDJXHWRWKH
ODUERDUGDQGNHSWRQIRU&RUVLFD
'DQWHVWKRXJKWDVWKH\SDVVHGVRFORVHO\WRWKHLVODQG
ZKRVHQDPHZDVVRLQWHUHVWLQJWRKLPWKDWKHKDGRQO\WR
OHDSLQWRWKHVHDDQGLQKDOIDQKRXUEHDWWKHSURPLVHG
ODQG%XWWKHQZKDWFRXOGKHGRZLWKRXWLQVWUXPHQWVWR
GLVFRYHUKLVWUHDVXUHZLWKRXWDUPVWRGHIHQGKLPVHOI"
%HVLGHVZKDWZRXOGWKHVDLORUVVD\":KDWZRXOGWKHSDWURQ
WKLQN"+HPXVWZDLW
)RUWXQDWHO\'DQWHVKDGOHDUQHGKRZWRZDLWKHKDGZDLWHG
IRXUWHHQ\HDUVIRUKLVOLEHUW\DQGQRZKHZDVIUHHKHFRXOG
ZDLWDWOHDVWVL[PRQWKVRUD\HDUIRUZHDOWK:RXOGKHQRW
KDYHDFFHSWHGOLEHUW\ZLWKRXWULFKHVLILWKDGEHHQRIIHUHG
WRKLP"%HVLGHVZHUHQRWWKRVHULFKHVFKLPHULFDO"
RIIVSULQJRIWKHEUDLQRIWKHSRRU$EEH)DULDKDGWKH\QRW
GLHGZLWKKLP",WLVWUXHWKHOHWWHURIWKH&DUGLQDO6SDGD
ZDVVLQJXODUO\FLUFXPVWDQWLDODQG'DQWHVUHSHDWHGLWWR
KLPVHOIIURPRQHHQGWRWKHRWKHUIRUKHKDGQRWIRUJRWWHQ
DZRUG
(YHQLQJFDPHDQG(GPRQGVDZWKHLVODQGWLQJHGZLWKWKH
VKDGHVRIWZLOLJKWDQGWKHQGLVDSSHDULQWKHGDUNQHVVIURP
DOOH\HVEXWKLVRZQIRUKHZLWKYLVLRQDFFXVWRPHGWRWKH
JORRPRIDSULVRQFRQWLQXHGWREHKROGLWODVWRIDOOIRU
KHUHPDLQHGDORQHXSRQGHFN7KHQH[WPRUQEURNHRIIWKH
FRDVWRI$OHULDDOOGD\WKH\FRDVWHGDQGLQWKHHYHQLQJ
VDZILUHVOLJKWHGRQODQGWKHSRVLWLRQRIWKHVHZDVQR
GRXEWDVLJQDOIRUODQGLQJIRUDVKLS
VODQWHUQZDVKXQJXS
DWWKHPDVWKHDGLQVWHDGRIWKHVWUHDPHUDQGWKH\FDPHWR
ZLWKLQDJXQVKRWRIWKHVKRUH'DQWHVQRWLFHGWKDWWKH
FDSWDLQRI7KH<RXQJ$PHOLDKDGDVKHQHDUHGWKHODQG
PRXQWHGWZRVPDOOFXOYHULQVZKLFKZLWKRXWPDNLQJPXFK
QRLVHFDQWKURZDIRXURXQFHEDOODWKRXVDQGSDFHVRUVR
%XWRQWKLVRFFDVLRQWKHSUHFDXWLRQZDVVXSHUIOXRXVDQG

241

HYHU\WKLQJSURFHHGHGZLWKWKHXWPRVWVPRRWKQHVVDQG
SROLWHQHVV)RXUVKDOORSVFDPHRIIZLWKYHU\OLWWOHQRLVH
DORQJVLGHWKHOXJJHUZKLFKQRGRXEWLQDFNQRZOHGJHPHQWRI
WKHFRPSOLPHQWORZHUHGKHURZQVKDOORSLQWRWKHVHDDQG
WKHILYHERDWVZRUNHGVRZHOOWKDWE\WZRR
FORFNLQWKH
PRUQLQJDOOWKHFDUJRZDVRXWRI7KH<RXQJ$PHOLDDQGRQ
WHUUDILUPD7KHVDPHQLJKWVXFKDPDQRIUHJXODULW\ZDV
WKHSDWURQRI7KH<RXQJ$PHOLDWKHSURILWVZHUHGLYLGHG
DQGHDFKPDQKDGDKXQGUHG7XVFDQOLYUHVRUDERXWHLJKW\
IUDQFV%XWWKHYR\DJHZDVQRWHQGHG7KH\WXUQHGWKH
ERZVSULWWRZDUGV6DUGLQLDZKHUHWKH\LQWHQGHGWRWDNHLQD
FDUJRZKLFKZDVWRUHSODFHZKDWKDGEHHQGLVFKDUJHG7KH
VHFRQGRSHUDWLRQZDVDVVXFFHVVIXODVWKHILUVW7KH<RXQJ
$PHOLDZDVLQOXFN7KLVQHZFDUJRZDVGHVWLQHGIRUWKH
FRDVWRIWKH'XFK\RI/XFFDDQGFRQVLVWHGDOPRVWHQWLUHO\
RI+DYDQDFLJDUVVKHUU\DQG0DODJDZLQHV
7KHUHWKH\KDGDELWRIDVNLUPLVKLQJHWWLQJULGRIWKH
GXWLHVWKHH[FLVHZDVLQWUXWKWKHHYHUODVWLQJHQHP\RI
WKHSDWURQRI7KH<RXQJ$PHOLD$FXVWRPVRIILFHUZDVODLG
ORZDQGWZRVDLORUVZRXQGHG'DQWHVZDVRQHRIWKHODWWHU
DEDOOKDYLQJWRXFKHGKLPLQWKHOHIWVKRXOGHU'DQWHVZDV
DOPRVWJODGRIWKLVDIIUD\DQGDOPRVWSOHDVHGDWEHLQJ
ZRXQGHGIRUWKH\ZHUHUXGHOHVVRQVZKLFKWDXJKWKLPZLWK
ZKDWH\HKHFRXOGYLHZGDQJHUDQGZLWKZKDWHQGXUDQFHKH
FRXOGEHDUVXIIHULQJ+HKDGFRQWHPSODWHGGDQJHUZLWKD
VPLOHDQGZKHQZRXQGHGKDGH[FODLPHGZLWKWKHJUHDW
SKLORVRSKHU3DLQWKRXDUWQRWDQHYLO+HKDGPRUHRYHU
ORRNHGXSRQWKHFXVWRPVRIILFHUZRXQGHGWRGHDWKDQG
ZKHWKHUIURPKHDWRIEORRGSURGXFHGE\WKHHQFRXQWHURUWKH
FKLOORIKXPDQVHQWLPHQWWKLVVLJKWKDGPDGHEXWVOLJKW
LPSUHVVLRQXSRQKLP'DQWHVZDVRQWKHZD\KHGHVLUHGWR
IROORZDQGZDVPRYLQJWRZDUGVWKHHQGKHZLVKHGWRDFKLHYH
KLVKHDUWZDVLQDIDLUZD\RISHWULI\LQJLQKLVERVRP
-DFRSRVHHLQJKLPIDOOKDGEHOLHYHGKLPNLOOHGDQG
UXVKLQJWRZDUGVKLPUDLVHGKLPXSDQGWKHQDWWHQGHGWRKLP
ZLWKDOOWKHNLQGQHVVRIDGHYRWHGFRPUDGH
7KLVZRUOGZDVQRWWKHQVRJRRGDV'RFWRU3DQJORVVEHOLHYHG
LWQHLWKHUZDVLWVRZLFNHGDV'DQWHVWKRXJKWLWVLQFH
WKLVPDQZKRKDGQRWKLQJWRH[SHFWIURPKLVFRPUDGHEXWWKH
LQKHULWDQFHRIKLVVKDUHRIWKHSUL]HPRQH\PDQLIHVWHGVR
PXFKVRUURZZKHQKHVDZKLPIDOO)RUWXQDWHO\DVZHKDYH
VDLG(GPRQGZDVRQO\ZRXQGHGDQGZLWKFHUWDLQKHUEV

242

JDWKHUHGDWFHUWDLQVHDVRQVDQGVROGWRWKHVPXJJOHUVE\
WKHROG6DUGLQLDQZRPHQWKHZRXQGVRRQFORVHG(GPRQGWKHQ
UHVROYHGWRWU\-DFRSRDQGRIIHUHGKLPLQUHWXUQIRUKLV
DWWHQWLRQDVKDUHRIKLVSUL]HPRQH\EXW-DFRSRUHIXVHGLW
LQGLJQDQWO\
$VDUHVXOWRIWKHV\PSDWKHWLFGHYRWLRQZKLFK-DFRSRKDG
IURPWKHILUVWEHVWRZHGRQ(GPRQGWKHODWWHUZDVPRYHGWRD
FHUWDLQGHJUHHRIDIIHFWLRQ%XWWKLVVXIILFHGIRU-DFRSR
ZKRLQVWLQFWLYHO\IHOWWKDW(GPRQGKDGDULJKWWR
VXSHULRULW\RISRVLWLRQDVXSHULRULW\ZKLFK(GPRQGKDG
FRQFHDOHGIURPDOORWKHUV$QGIURPWKLVWLPHWKHNLQGQHVV
ZKLFK(GPRQGVKRZHGKLPZDVHQRXJKIRUWKHEUDYHVHDPDQ
7KHQLQWKHORQJGD\VRQERDUGVKLSZKHQWKHYHVVHO
JOLGLQJRQZLWKVHFXULW\RYHUWKHD]XUHVHDUHTXLUHGQR
FDUHEXWWKHKDQGRIWKHKHOPVPDQWKDQNVWRWKHIDYRUDEOH
ZLQGVWKDWVZHOOHGKHUVDLOV(GPRQGZLWKDFKDUWLQKLV
KDQGEHFDPHWKHLQVWUXFWRURI-DFRSRDVWKHSRRU$EEH
)DULDKDGEHHQKLVWXWRU+HSRLQWHGRXWWRKLPWKHEHDULQJV
RIWKHFRDVWH[SODLQHGWRKLPWKHYDULDWLRQVRIWKH
FRPSDVVDQGWDXJKWKLPWRUHDGLQWKDWYDVWERRNRSHQHG
RYHURXUKHDGVZKLFKWKH\FDOOKHDYHQDQGZKHUH*RGZULWHV
LQD]XUHZLWKOHWWHUVRIGLDPRQGV$QGZKHQ-DFRSRLQTXLUHG
RIKLP:KDWLVWKHXVHRIWHDFKLQJDOOWKHVHWKLQJVWRD
SRRUVDLORUOLNHPH"(GPRQGUHSOLHG:KRNQRZV"<RXPD\
RQHGD\EHWKHFDSWDLQRIDYHVVHO<RXUIHOORZFRXQWU\PDQ
%RQDSDUWHEHFDPHHPSHURU:HKDGIRUJRWWHQWRVD\WKDW
-DFRSRZDVD&RUVLFDQ
7ZRPRQWKVDQGDKDOIHODSVHGLQWKHVHWULSVDQG(GPRQGKDG
EHFRPHDVVNLOIXODFRDVWHUDVKHKDGEHHQDKDUG\VHDPDQ
KHKDGIRUPHGDQDFTXDLQWDQFHZLWKDOOWKHVPXJJOHUVRQWKH
FRDVWDQGOHDUQHGDOOWKH0DVRQLFVLJQVE\ZKLFKWKHVHKDOI
SLUDWHVUHFRJQL]HHDFKRWKHU+HKDGSDVVHGDQGUHSDVVHG
KLV,VODQGRI0RQWH&ULVWRWZHQW\WLPHVEXWQRWRQFHKDGKH
IRXQGDQRSSRUWXQLW\RIODQGLQJWKHUH+HWKHQIRUPHGD
UHVROXWLRQ$VVRRQDVKLVHQJDJHPHQWZLWKWKHSDWURQRI7KH
<RXQJ$PHOLDHQGHGKHZRXOGKLUHDVPDOOYHVVHORQKLVRZQ
DFFRXQWIRULQKLVVHYHUDOYR\DJHVKHKDGDPDVVHGD
KXQGUHGSLDVWUHVDQGXQGHUVRPHSUHWH[WODQGDWWKH
,VODQGRI0RQWH&ULVWR7KHQKHZRXOGEHIUHHWRPDNHKLV
UHVHDUFKHVQRWSHUKDSVHQWLUHO\DWOLEHUW\IRUKHZRXOGEH
GRXEWOHVVZDWFKHGE\WKRVHZKRDFFRPSDQLHGKLP%XWLQWKLV

243

ZRUOGZHPXVWULVNVRPHWKLQJ3ULVRQKDGPDGH(GPRQG
SUXGHQWDQGKHZDVGHVLURXVRIUXQQLQJQRULVNZKDWHYHU
%XWLQYDLQGLGKHUDFNKLVLPDJLQDWLRQIHUWLOHDVLWZDV
KHFRXOGQRWGHYLVHDQ\SODQIRUUHDFKLQJWKHLVODQGZLWKRXW
FRPSDQLRQVKLS
'DQWHVZDVWRVVHGDERXWRQWKHVHGRXEWVDQGZLVKHVZKHQWKH
SDWURQZKRKDGJUHDWFRQILGHQFHLQKLPDQGZDVYHU\
GHVLURXVRIUHWDLQLQJKLPLQKLVVHUYLFHWRRNKLPE\WKH
DUPRQHHYHQLQJDQGOHGKLPWRDWDYHUQRQWKH9LDGHO

2JOLRZKHUHWKHOHDGLQJVPXJJOHUVRI/HJKRUQXVHGWR
FRQJUHJDWHDQGGLVFXVVDIIDLUVFRQQHFWHGZLWKWKHLUWUDGH
$OUHDG\'DQWHVKDGYLVLWHGWKLVPDULWLPH%RXUVHWZRRUWKUHH
WLPHVDQGVHHLQJDOOWKHVHKDUG\IUHHWUDGHUVZKRVXSSOLHG
WKHZKROHFRDVWIRUQHDUO\WZRKXQGUHGOHDJXHVLQH[WHQWKH
KDGDVNHGKLPVHOIZKDWSRZHUPLJKWQRWWKDWPDQDWWDLQZKR
VKRXOGJLYHWKHLPSXOVHRIKLVZLOOWRDOOWKHVHFRQWUDU\
DQGGLYHUJLQJPLQGV7KLVWLPHLWZDVDJUHDWPDWWHUWKDW
ZDVXQGHUGLVFXVVLRQFRQQHFWHGZLWKDYHVVHOODGHQZLWK
7XUNH\FDUSHWVVWXIIVRIWKH/HYDQWDQGFDVKPHUHV,WZDV
QHFHVVDU\WRILQGVRPHQHXWUDOJURXQGRQZKLFKDQH[FKDQJH
FRXOGEHPDGHDQGWKHQWRWU\DQGODQGWKHVHJRRGVRQWKH
FRDVWRI)UDQFH,IWKHYHQWXUHZDVVXFFHVVIXOWKHSURILW
ZRXOGEHHQRUPRXVWKHUHZRXOGEHDJDLQRIILIW\RUVL[W\
SLDVWUHVHDFKIRUWKHFUHZ
7KHSDWURQRI7KH<RXQJ$PHOLDSURSRVHGDVDSODFHRI
ODQGLQJWKH,VODQGRI0RQWH&ULVWRZKLFKEHLQJFRPSOHWHO\
GHVHUWHGDQGKDYLQJQHLWKHUVROGLHUVQRUUHYHQXHRIILFHUV
VHHPHGWRKDYHEHHQSODFHGLQWKHPLGVWRIWKHRFHDQVLQFH
WKHWLPHRIWKHKHDWKHQ2O\PSXVE\0HUFXU\WKHJRGRI
PHUFKDQWVDQGUREEHUVFODVVHVRIPDQNLQGZKLFKZHLQPRGHUQ
WLPHVKDYHVHSDUDWHGLIQRWPDGHGLVWLQFWEXWZKLFK
DQWLTXLW\DSSHDUVWRKDYHLQFOXGHGLQWKHVDPHFDWHJRU\$W
WKHPHQWLRQRI0RQWH&ULVWR'DQWHVVWDUWHGZLWKMR\KHURVH
WRFRQFHDOKLVHPRWLRQDQGWRRNDWXUQDURXQGWKHVPRN\
WDYHUQZKHUHDOOWKHODQJXDJHVRIWKHNQRZQZRUOGZHUH
MXPEOHGLQDOLQJXDIUDQFD:KHQKHDJDLQMRLQHGWKHWZR
SHUVRQVZKRKDGEHHQGLVFXVVLQJWKHPDWWHULWKDGEHHQ
GHFLGHGWKDWWKH\VKRXOGWRXFKDW0RQWH&ULVWRDQGVHWRXW
RQWKHIROORZLQJQLJKW(GPRQGEHLQJFRQVXOWHGZDVRI
RSLQLRQWKDWWKHLVODQGDIIRUGHGHYHU\SRVVLEOHVHFXULW\
DQGWKDWJUHDWHQWHUSULVHVWREHZHOOGRQHVKRXOGEHGRQH
TXLFNO\1RWKLQJWKHQZDVDOWHUHGLQWKHSODQDQGRUGHUV

244

ZHUHJLYHQWRJHWXQGHUZHLJKQH[WQLJKWDQGZLQGDQG
ZHDWKHUSHUPLWWLQJWRPDNHWKHQHXWUDOLVODQGE\WKH
IROORZLQJGD\

&KDSWHU
7KH,VODQGRI0RQWH&ULVWR
7KXVDWOHQJWKE\RQHRIWKHXQH[SHFWHGVWURNHVRIIRUWXQH
ZKLFKVRPHWLPHVEHIDOOWKRVHZKRKDYHIRUDORQJWLPHEHHQ
WKHYLFWLPVRIDQHYLOGHVWLQ\'DQWHVZDVDERXWWRVHFXUH
WKHRSSRUWXQLW\KHZLVKHGIRUE\VLPSOHDQGQDWXUDOPHDQV
DQGODQGRQWKHLVODQGZLWKRXWLQFXUULQJDQ\VXVSLFLRQ2QH
QLJKWPRUHDQGKHZRXOGEHRQKLVZD\
7KHQLJKWZDVRQHRIIHYHULVKGLVWUDFWLRQDQGLQLWV
SURJUHVVYLVLRQVJRRGDQGHYLOSDVVHGWKURXJK'DQWHV
PLQG
,IKHFORVHGKLVH\HVKHVDZ&DUGLQDO6SDGD
VOHWWHU
ZULWWHQRQWKHZDOOLQFKDUDFWHUVRIIODPHLIKHVOHSW
IRUDPRPHQWWKHZLOGHVWGUHDPVKDXQWHGKLVEUDLQ+H
DVFHQGHGLQWRJURWWRVSDYHGZLWKHPHUDOGVZLWKSDQHOVRI
UXELHVDQGWKHURRIJORZLQJZLWKGLDPRQGVWDODFWLWHV
3HDUOVIHOOGURSE\GURSDVVXEWHUUDQHDQZDWHUVILOWHULQ
WKHLUFDYHV(GPRQGDPD]HGZRQGHUVWUXFNILOOHGKLV
SRFNHWVZLWKWKHUDGLDQWJHPVDQGWKHQUHWXUQHGWRGD\OLJKW
ZKHQEHGLVFRYHUHGWKDWKLVSUL]HVKDGDOOFKDQJHGLQWR
FRPPRQSHEEOHV+HWKHQHQGHDYRUHGWRUHHQWHUWKH
PDUYHOORXVJURWWRVEXWWKH\KDGVXGGHQO\UHFHGHGDQGQRZ
WKHSDWKEHFDPHDODE\ULQWKDQGWKHQWKHHQWUDQFHYDQLVKHG
DQGLQYDLQGLGKHWD[KLVPHPRU\IRUWKHPDJLFDQG
P\VWHULRXVZRUGZKLFKRSHQHGWKHVSOHQGLGFDYHUQVRI$OL
%DEDWRWKH$UDELDQILVKHUPDQ$OOZDVXVHOHVVWKHWUHDVXUH
GLVDSSHDUHGDQGKDGDJDLQUHYHUWHGWRWKHJHQLLIURPZKRP
IRUDPRPHQWKHKDGKRSHGWRFDUU\LWRII7KHGD\FDPHDW
OHQJWKDQGZDVDOPRVWDVIHYHULVKDVWKHQLJKWKDGEHHQ
EXWLWEURXJKWUHDVRQWRWKHDLGRILPDJLQDWLRQDQG'DQWHV
ZDVWKHQHQDEOHGWRDUUDQJHDSODQZKLFKKDGKLWKHUWREHHQ
YDJXHDQGXQVHWWOHGLQKLVEUDLQ1LJKWFDPHDQGZLWKLW
WKHSUHSDUDWLRQIRUGHSDUWXUHDQGWKHVHSUHSDUDWLRQVVHUYHG
WRFRQFHDO'DQWHV
DJLWDWLRQ+HKDGE\GHJUHHVDVVXPHGVXFK
DXWKRULW\RYHUKLVFRPSDQLRQVWKDWKHZDVDOPRVWOLNHD
FRPPDQGHURQERDUGDQGDVKLVRUGHUVZHUHDOZD\VFOHDU
GLVWLQFWDQGHDV\RIH[HFXWLRQKLVFRPUDGHVREH\HGKLP

245

ZLWKFHOHULW\DQGSOHDVXUH
7KHROGSDWURQGLGQRWLQWHUIHUHIRUKHWRRKDGUHFRJQL]HG
WKHVXSHULRULW\RI'DQWHVRYHUWKHFUHZDQGKLPVHOI+HVDZ
LQWKH\RXQJPDQKLVQDWXUDOVXFFHVVRUDQGUHJUHWWHGWKDW
KHKDGQRWDGDXJKWHUWKDWKHPLJKWKDYHERXQG(GPRQGWR
KLPE\DPRUHVHFXUHDOOLDQFH$WVHYHQR
FORFNLQWKH
HYHQLQJDOOZDVUHDG\DQGDWWHQPLQXWHVSDVWVHYHQWKH\
GRXEOHGWKHOLJKWKRXVHMXVWDVWKHEHDFRQZDVNLQGOHG7KH
VHDZDVFDOPDQGZLWKDIUHVKEUHH]HIURPWKHVRXWKHDVW
WKH\VDLOHGEHQHDWKDEULJKWEOXHVN\LQZKLFK*RGDOVR
OLJKWHGXSLQWXUQKLVEHDFRQOLJKWVHDFKRIZKLFKLVD
ZRUOG'DQWHVWROGWKHPWKDWDOOKDQGVPLJKWWXUQLQDQGKH
ZRXOGWDNHWKHKHOP:KHQWKH0DOWHVH IRUVRWKH\FDOOHG
'DQWHV KDGVDLGWKLVLWZDVVXIILFLHQWDQGDOOZHQWWR
WKHLUEXQNVFRQWHQWHGO\7KLVIUHTXHQWO\KDSSHQHG'DQWHV
FDVWIURPVROLWXGHLQWRWKHZRUOGIUHTXHQWO\H[SHULHQFHGDQ
LPSHULRXVGHVLUHIRUVROLWXGHDQGZKDWVROLWXGHLVPRUH
FRPSOHWHRUPRUHSRHWLFDOWKHQWKDWRIDVKLSIORDWLQJLQ
LVRODWLRQRQWKHVHDGXULQJWKHREVFXULW\RIWKHQLJKWLQ
WKHVLOHQFHRILPPHQVLW\DQGXQGHUWKHH\HRIKHDYHQ"
1RZWKLVVROLWXGHZDVSHRSOHGZLWKKLVWKRXJKWVWKHQLJKW
OLJKWHGXSE\KLVLOOXVLRQVDQGWKHVLOHQFHDQLPDWHGE\KLV
DQWLFLSDWLRQV:KHQWKHSDWURQDZRNHWKHYHVVHOZDV
KXUU\LQJRQZLWKHYHU\VDLOVHWDQGHYHU\VDLOIXOOZLWK
WKHEUHH]H7KH\ZHUHPDNLQJQHDUO\WHQNQRWVDQKRXU7KH
,VODQGRI0RQWH&ULVWRORRPHGODUJHLQWKHKRUL]RQ(GPRQG
UHVLJQHGWKHOXJJHUWRWKHPDVWHU
VFDUHDQGZHQWDQGOD\
GRZQLQKLVKDPPRFNEXWLQVSLWHRIDVOHHSOHVVQLJKWKH
FRXOGQRWFORVHKLVH\HVIRUDPRPHQW7ZRKRXUVDIWHUZDUGV
KHFDPHRQGHFNDVWKHERDWZDVDERXWWRGRXEOHWKH,VODQG
RI(OED7KH\ZHUHMXVWDEUHDVWRI0DUHFLDQDDQGEH\RQGWKH
IODWEXWYHUGDQW,VODQGRI/D3LDQRVD7KHSHDNRI0RQWH
&ULVWRUHGGHQHGE\WKHEXUQLQJVXQZDVVHHQDJDLQVWWKH
D]XUHVN\'DQWHVRUGHUHGWKHKHOPVPDQWRSXWGRZQKLVKHOP
LQRUGHUWROHDYH/D3LDQRVDWRVWDUERDUGDVKHNQHZWKDW
KHVKRXOGVKRUWHQKLVFRXUVHE\WZRRUWKUHHNQRWV$ERXW
ILYHR
FORFNLQWKHHYHQLQJWKHLVODQGZDVGLVWLQFWDQG
HYHU\WKLQJRQLWZDVSODLQO\SHUFHSWLEOHRZLQJWRWKDW
FOHDUQHVVRIWKHDWPRVSKHUHSHFXOLDUWRWKHOLJKWZKLFKWKH
UD\VRIWKHVXQFDVWDWLWVVHWWLQJ
(GPRQGJD]HGYHU\HDUQHVWO\DWWKHPDVVRIURFNVZKLFKJDYH

246

RXWDOOWKHYDULHW\RIWZLOLJKWFRORUVIURPWKHEULJKWHVW
SLQNWRWKHGHHSHVWEOXHDQGIURPWLPHWRWLPHKLVFKHHNV
IOXVKHGKLVEURZGDUNHQHGDQGDPLVWSDVVHGRYHUKLVH\HV
1HYHUGLGJDPHVWHUZKRVHZKROHIRUWXQHLVVWDNHGRQRQH
FDVWRIWKHGLHH[SHULHQFHWKHDQJXLVKZKLFK(GPRQGIHOWLQ
KLVSDUR[\VPVRIKRSH1LJKWFDPHDQGDWWHQR
FORFNWKH\
DQFKRUHG7KH<RXQJ$PHOLDZDVILUVWDWWKHUHQGH]YRXV,Q
VSLWHRIKLVXVXDOFRPPDQGRYHUKLPVHOI'DQWHVFRXOGQRW
UHVWUDLQKLVLPSHWXRVLW\+HZDVWKHILUVWWRMXPSRQVKRUH
DQGKDGKHGDUHGKHZRXOGOLNH/XFLXV%UXWXVKDYHNLVVHG
KLVPRWKHUHDUWK,WZDVGDUNEXWDWHOHYHQR
FORFNWKH
PRRQURVHLQWKHPLGVWRIWKHRFHDQZKRVHHYHU\ZDYHVKH
VLOYHUHGDQGWKHQDVFHQGLQJKLJKSOD\HGLQIORRGVRI
SDOHOLJKWRQWKHURFN\KLOOVRIWKLVVHFRQG3HOLRQ
7KHLVODQGZDVIDPLOLDUWRWKHFUHZRI7KH<RXQJ$PHOLD
LWZDVRQHRIKHUUHJXODUKDXQWV$VWR'DQWHVKHKDG
SDVVHGLWRQKLVYR\DJHWRDQGIURPWKH/HYDQWEXWQHYHU
WRXFKHGDWLW+HTXHVWLRQHG-DFRSR:KHUHVKDOOZHSDVV
WKHQLJKW"KHLQTXLUHG
:K\RQERDUGWKHWDUWDQUHSOLHGWKHVDLORU
6KRXOGZHQRWGREHWWHULQWKHJURWWRV"
:KDWJURWWRV"
:K\WKHJURWWRVFDYHVRIWKHLVODQG
,GRQRWNQRZRIDQ\JURWWRVUHSOLHG-DFRSR7KHFROG
VZHDWVSUDQJIRUWKRQ'DQWHV
EURZ
:KDWDUHWKHUHQRJURWWRVDW0RQWH&ULVWR"KHDVNHG
1RQH
)RUDPRPHQW'DQWHVZDVVSHHFKOHVVWKHQKHUHPHPEHUHGWKDW
WKHVHFDYHVPLJKWKDYHEHHQILOOHGXSE\VRPHDFFLGHQWRU
HYHQVWRSSHGXSIRUWKHVDNHRIJUHDWHUVHFXULW\E\
&DUGLQDO6SDGD7KHSRLQWZDVWKHQWRGLVFRYHUWKHKLGGHQ
HQWUDQFH,WZDVXVHOHVVWRVHDUFKDWQLJKWDQG'DQWHV
WKHUHIRUHGHOD\HGDOOLQYHVWLJDWLRQXQWLOWKHPRUQLQJ
%HVLGHVDVLJQDOPDGHKDOIDOHDJXHRXWDWVHDDQGWR
ZKLFK7KH<RXQJ$PHOLDUHSOLHGE\DVLPLODUVLJQDO

247

LQGLFDWHGWKDWWKHPRPHQWIRUEXVLQHVVKDGFRPH7KHERDW
WKDWQRZDUULYHGDVVXUHGE\WKHDQVZHULQJVLJQDOWKDWDOO
ZDVZHOOVRRQFDPHLQVLJKWZKLWHDQGVLOHQWDVDSKDQWRP
DQGFDVWDQFKRUZLWKLQDFDEOH
VOHQJWKRIVKRUH
7KHQWKHODQGLQJEHJDQ'DQWHVUHIOHFWHGDVKHZRUNHGRQ
WKHVKRXWRIMR\ZKLFKZLWKDVLQJOHZRUGKHFRXOGHYRNH
IURPDOOWKHVHPHQLIKHJDYHXWWHUDQFHWRWKHRQH
XQFKDQJLQJWKRXJKWWKDWSHUYDGHGKLVKHDUWEXWIDUIURP
GLVFORVLQJWKLVSUHFLRXVVHFUHWKHDOPRVWIHDUHGWKDWKH
KDGDOUHDG\VDLGWRRPXFKDQGE\KLVUHVWOHVVQHVVDQG
FRQWLQXDOTXHVWLRQVKLVPLQXWHREVHUYDWLRQVDQGHYLGHQW
SUHRFFXSDWLRQDURXVHGVXVSLFLRQV)RUWXQDWHO\DVUHJDUGHG
WKLVFLUFXPVWDQFHDWOHDVWKLVSDLQIXOSDVWJDYHWRKLV
FRXQWHQDQFHDQLQGHOLEOHVDGQHVVDQGWKHJOLPPHULQJVRI
JD\HW\VHHQEHQHDWKWKLVFORXGZHUHLQGHHGEXWWUDQVLWRU\
1RRQHKDGWKHVOLJKWHVWVXVSLFLRQDQGZKHQQH[WGD\
WDNLQJDIRZOLQJSLHFHSRZGHUDQGVKRW'DQWHVGHFODUHG
KLVLQWHQWLRQWRJRDQGNLOOVRPHRIWKHZLOGJRDWVWKDW
ZHUHVHHQVSULQJLQJIURPURFNWRURFNKLVZLVKZDV
FRQVWUXHGLQWRDORYHRIVSRUWRUDGHVLUHIRUVROLWXGH
+RZHYHU-DFRSRLQVLVWHGRQIROORZLQJKLPDQG'DQWHVGLG
QRWRSSRVHWKLVIHDULQJLIKHGLGVRWKDWKHPLJKWLQFXU
GLVWUXVW6FDUFHO\KRZHYHUKDGWKH\JRQHDTXDUWHURID
OHDJXHZKHQKDYLQJNLOOHGDNLGKHEHJJHG-DFRSRWRWDNH
LWWRKLVFRPUDGHVDQGUHTXHVWWKHPWRFRRNLWDQGZKHQ
UHDG\WROHWKLPNQRZE\ILULQJDJXQ7KLVDQGVRPHGULHG
IUXLWVDQGDIODVNRI0RQWH3XOFLDQRZDVWKHELOORIIDUH
'DQWHVZHQWRQORRNLQJIURPWLPHWRWLPHEHKLQGDQGDURXQG
DERXWKLP+DYLQJUHDFKHGWKHVXPPLWRIDURFNKHVDZD
WKRXVDQGIHHWEHQHDWKKLPKLVFRPSDQLRQVZKRP-DFRSRKDG
UHMRLQHGDQGZKRZHUHDOOEXV\SUHSDULQJWKHUHSDVWZKLFK
(GPRQG
VVNLOODVDPDUNVPDQKDGDXJPHQWHGZLWKDFDSLWDO
GLVK
(GPRQGORRNHGDWWKHPIRUDPRPHQWZLWKWKHVDGDQGJHQWOH
VPLOHRIDPDQVXSHULRUWRKLVIHOORZV,QWZRKRXUV

WLPHVDLGKHWKHVHSHUVRQVZLOOGHSDUWULFKHUE\ILIW\
SLDVWUHVHDFKWRJRDQGULVNWKHLUOLYHVDJDLQE\
HQGHDYRULQJWRJDLQILIW\PRUHWKHQWKH\ZLOOUHWXUQZLWKD
IRUWXQHRIVL[KXQGUHGIUDQFVDQGZDVWHWKLVWUHDVXUHLQ
VRPHFLW\ZLWKWKHSULGHRIVXOWDQVDQGWKHLQVROHQFHRI
QDEREV$WWKLVPRPHQWKRSHPDNHVPHGHVSLVHWKHLUULFKHV

248

ZKLFKVHHPWRPHFRQWHPSWLEOH<HWSHUFKDQFHWRPRUURZ
GHFHSWLRQZLOOVRDFWRQPHWKDW,VKDOORQFRPSXOVLRQ
FRQVLGHUVXFKDFRQWHPSWLEOHSRVVHVVLRQDVWKHXWPRVW
KDSSLQHVV2KQRH[FODLPHG(GPRQGWKDWZLOOQRWEH7KH
ZLVHXQHUULQJ)DULDFRXOGQRWEHPLVWDNHQLQWKLVRQH
WKLQJ%HVLGHVLWZHUHEHWWHUWRGLHWKDQWRFRQWLQXHWR
OHDGWKLVORZDQGZUHWFKHGOLIH7KXV'DQWHVZKREXWWKUHH
PRQWKVEHIRUHKDGQRGHVLUHEXWOLEHUW\KDGQRZQRWOLEHUW\
HQRXJKDQGSDQWHGIRUZHDOWK7KHFDXVHZDVQRWLQ'DQWHV
EXWLQSURYLGHQFHZKRZKLOHOLPLWLQJWKHSRZHURIPDQKDV
ILOOHGKLPZLWKERXQGOHVVGHVLUHV
0HDQZKLOHE\DFOHIWEHWZHHQWZRZDOOVRIURFNIROORZLQJD
SDWKZRUQE\DWRUUHQWDQGZKLFKLQDOOKXPDQSUREDELOLW\
KXPDQIRRWKDGQHYHUEHIRUHWURG'DQWHVDSSURDFKHGWKHVSRW
ZKHUHKHVXSSRVHGWKHJURWWRVPXVWKDYHH[LVWHG.HHSLQJ
DORQJWKHVKRUHDQGH[DPLQLQJWKHVPDOOHVWREMHFWZLWK
VHULRXVDWWHQWLRQKHWKRXJKWKHFRXOGWUDFHRQFHUWDLQ
URFNVPDUNVPDGHE\WKHKDQGRIPDQ
7LPHZKLFKHQFUXVWVDOOSK\VLFDOVXEVWDQFHVZLWKLWVPRVV\
PDQWOHDVLWLQYHVWVDOOWKLQJVRIWKHPLQGZLWK
IRUJHWIXOQHVVVHHPHGWRKDYHUHVSHFWHGWKHVHVLJQVZKLFK
DSSDUHQWO\KDGEHHQPDGHZLWKVRPHGHJUHHRIUHJXODULW\DQG
SUREDEO\ZLWKDGHILQLWHSXUSRVH2FFDVLRQDOO\WKHPDUNV
ZHUHKLGGHQXQGHUWXIWVRIP\UWOHZKLFKVSUHDGLQWRODUJH
EXVKHVODGHQZLWKEORVVRPVRUEHQHDWKSDUDVLWLFDOOLFKHQ
6R(GPRQGKDGWRVHSDUDWHWKHEUDQFKHVRUEUXVKDZD\WKH
PRVVWRNQRZZKHUHWKHJXLGHPDUNVZHUH7KHVLJKWRIPDUNV
UHQHZHG(GPRQGIRQGHVWKRSHV0LJKWLWQRWKDYHEHHQWKH
FDUGLQDOKLPVHOIZKRKDGILUVWWUDFHGWKHPLQRUGHUWKDW
WKH\PLJKWVHUYHDVDJXLGHIRUKLVQHSKHZLQWKHHYHQWRID
FDWDVWURSKHZKLFKKHFRXOGQRWIRUHVHHZRXOGKDYHEHHQVR
FRPSOHWH7KLVVROLWDU\SODFHZDVSUHFLVHO\VXLWHGWRWKH
UHTXLUHPHQWVRIDPDQGHVLURXVRIEXU\LQJWUHDVXUH2QO\
PLJKWQRWWKHVHEHWUD\LQJPDUNVKDYHDWWUDFWHGRWKHUH\HV
WKDQWKRVHIRUZKRPWKH\ZHUHPDGH"DQGKDGWKHGDUNDQG
ZRQGURXVLVODQGLQGHHGIDLWKIXOO\JXDUGHGLWVSUHFLRXV
VHFUHW"
,WVHHPHGKRZHYHUWR(GPRQGZKRZDVKLGGHQIURPKLV
FRPUDGHVE\WKHLQHTXDOLWLHVRIWKHJURXQGWKDWDWVL[W\
SDFHVIURPWKHKDUERUWKHPDUNVFHDVHGQRUGLGWKH\
WHUPLQDWHDWDQ\JURWWR$ODUJHURXQGURFNSODFHGVROLGO\

249

RQLWVEDVHZDVWKHRQO\VSRWWRZKLFKWKH\VHHPHGWROHDG
(GPRQGFRQFOXGHGWKDWSHUKDSVLQVWHDGRIKDYLQJUHDFKHGWKH
HQGRIWKHURXWHKHKDGRQO\H[SORUHGLWVEHJLQQLQJDQGKH
WKHUHIRUHWXUQHGURXQGDQGUHWUDFHGKLVVWHSV
0HDQZKLOHKLVFRPUDGHVKDGSUHSDUHGWKHUHSDVWKDGJRWVRPH
ZDWHUIURPDVSULQJVSUHDGRXWWKHIUXLWDQGEUHDGDQG
FRRNHGWKHNLG-XVWDWWKHPRPHQWZKHQWKH\ZHUHWDNLQJWKH
GDLQW\DQLPDOIURPWKHVSLWWKH\VDZ(GPRQGVSULQJLQJZLWK
WKHEROGQHVVRIDFKDPRLVIURPURFNWRURFNDQGWKH\ILUHG
WKHVLJQDODJUHHGXSRQ7KHVSRUWVPDQLQVWDQWO\FKDQJHGKLV
GLUHFWLRQDQGUDQTXLFNO\WRZDUGVWKHP%XWHYHQZKLOHWKH\
ZDWFKHGKLVGDULQJSURJUHVV(GPRQG
VIRRWVOLSSHGDQGWKH\
VDZKLPVWDJJHURQWKHHGJHRIDURFNDQGGLVDSSHDU7KH\
DOOUXVKHGWRZDUGVKLPIRUDOOORYHG(GPRQGLQVSLWHRIKLV
VXSHULRULW\\HW-DFRSRUHDFKHGKLPILUVW
+HIRXQG(GPRQGO\LQJSURQHEOHHGLQJDQGDOPRVWVHQVHOHVV
+HKDGUROOHGGRZQDGHFOLYLW\RIWZHOYHRUILIWHHQIHHW
7KH\SRXUHGDOLWWOHUXPGRZQKLVWKURDWDQGWKLVUHPHG\
ZKLFKKDGEHIRUHEHHQVREHQHILFLDOWRKLPSURGXFHGWKH
VDPHHIIHFWDVIRUPHUO\(GPRQGRSHQHGKLVH\HVFRPSODLQHG
RIJUHDWSDLQLQKLVNQHHDIHHOLQJRIKHDYLQHVVLQKLV
KHDGDQGVHYHUHSDLQVLQKLVORLQV7KH\ZLVKHGWRFDUU\
KLPWRWKHVKRUHEXWZKHQWKH\WRXFKHGKLPDOWKRXJKXQGHU
-DFRSR
VGLUHFWLRQVKHGHFODUHGZLWKKHDY\JURDQVWKDWKH
FRXOGQRWEHDUWREHPRYHG
,WPD\EHVXSSRVHGWKDW'DQWHVGLGQRWQRZWKLQNRIKLV
GLQQHUEXWKHLQVLVWHGWKDWKLVFRPUDGHVZKRKDGQRWKLV
UHDVRQVIRUIDVWLQJVKRXOGKDYHWKHLUPHDO$VIRUKLPVHOI
KHGHFODUHGWKDWKHKDGRQO\QHHGRIDOLWWOHUHVWDQGWKDW
ZKHQWKH\UHWXUQHGKHVKRXOGEHHDVLHU7KHVDLORUVGLGQRW
UHTXLUHPXFKXUJLQJ7KH\ZHUHKXQJU\DQGWKHVPHOORIWKH
URDVWHGNLGZDVYHU\VDYRU\DQG\RXUWDUVDUHQRWYHU\
FHUHPRQLRXV$QKRXUDIWHUZDUGVWKH\UHWXUQHG$OOWKDW
(GPRQGKDGEHHQDEOHWRGRZDVWRGUDJKLPVHOIDERXWDGR]HQ
SDFHVIRUZDUGWROHDQDJDLQVWDPRVVJURZQURFN
%XWLQVWHDGRIJURZLQJHDVLHU'DQWHV
SDLQVDSSHDUHGWR
LQFUHDVHLQYLROHQFH7KHROGSDWURQZKRZDVREOLJHGWR
VDLOLQWKHPRUQLQJLQRUGHUWRODQGKLVFDUJRRQWKH
IURQWLHUVRI3LHGPRQWDQG)UDQFHEHWZHHQ1LFHDQG)UHMXV
XUJHG'DQWHVWRWU\DQGULVH(GPRQGPDGHJUHDWH[HUWLRQVLQ

250

RUGHUWRFRPSO\EXWDWHDFKHIIRUWKHIHOOEDFNPRDQLQJ
DQGWXUQLQJSDOH
+HKDVEURNHQKLVULEVVDLGWKHFRPPDQGHULQDORZ
YRLFH1RPDWWHUKHLVDQH[FHOOHQWIHOORZDQGZHPXVW
QRWOHDYHKLP:HZLOOWU\DQGFDUU\KLPRQERDUGWKH
WDUWDQ'DQWHVGHFODUHGKRZHYHUWKDWKHZRXOGUDWKHUGLH
ZKHUHKHZDVWKDQXQGHUJRWKHDJRQ\ZKLFKWKHVOLJKWHVW
PRYHPHQWFRVWKLP:HOOVDLGWKHSDWURQOHWZKDWPD\
KDSSHQLWVKDOOQHYHUEHVDLGWKDWZHGHVHUWHGDJRRG
FRPUDGHOLNH\RX:HZLOOQRWJRWLOOHYHQLQJ7KLVYHU\
PXFKDVWRQLVKHGWKHVDLORUVDOWKRXJKQRWRQHRSSRVHGLW
7KHSDWURQZDVVRVWULFWWKDWWKLVZDVWKHILUVWWLPHWKH\
KDGHYHUVHHQKLPJLYHXSDQHQWHUSULVHRUHYHQGHOD\LQ
LWVH[HFXWLRQ'DQWHVZRXOGQRWDOORZWKDWDQ\VXFK
LQIUDFWLRQRIUHJXODUDQGSURSHUUXOHVVKRXOGEHPDGHLQKLV
IDYRU1RQRKHVDLGWRWKHSDWURQ,ZDVDZNZDUGDQG
LWLVMXVWWKDW,SD\WKHSHQDOW\RIP\FOXPVLQHVV/HDYHPH
DVPDOOVXSSO\RIELVFXLWDJXQSRZGHUDQGEDOOVWRNLOO
WKHNLGVRUGHIHQGP\VHOIDWQHHGDQGDSLFND[HWKDW,PD\
EXLOGDVKHOWHULI\RXGHOD\LQFRPLQJEDFNIRUPH
%XW\RX
OOGLHRIKXQJHUVDLGWKHSDWURQ
,ZRXOGUDWKHUGRVRZDV(GPRQGUHSO\WKDQVXIIHUWKH
LQH[SUHVVLEOHDJRQLHVZKLFKWKHVOLJKWHVWPRYHPHQWFDXVHV
PH7KHSDWURQWXUQHGWRZDUGVKLVYHVVHOZKLFKZDVUROOLQJ
RQWKHVZHOOLQWKHOLWWOHKDUERUDQGZLWKVDLOVSDUWO\
VHWZRXOGEHUHDG\IRUVHDZKHQKHUWRLOHWVKRXOGEH
FRPSOHWHG
:KDWDUHZHWRGR0DOWHVH"DVNHGWKHFDSWDLQ:HFDQQRW
OHDYH\RXKHUHVRDQG\HWZHFDQQRWVWD\
*RJRH[FODLPHG'DQWHV
:HVKDOOEHDEVHQWDWOHDVWDZHHNVDLGWKHSDWURQDQG
WKHQZHPXVWUXQRXWRIRXUFRXUVHWRFRPHKHUHDQGWDNH\RX
XSDJDLQ
:K\VDLG'DQWHVLILQWZRRUWKUHHGD\V\RXKDLODQ\
ILVKLQJERDWGHVLUHWKHPWRFRPHKHUHWRPH,ZLOOSD\
WZHQW\ILYHSLDVWUHVIRUP\SDVVDJHEDFNWR/HJKRUQ,I\RX
GRQRWFRPHDFURVVRQHUHWXUQIRUPH7KHSDWURQVKRRNKLV

251

KHDG
/LVWHQ&DSWDLQ%DOGLWKHUH
VRQHZD\RIVHWWOLQJWKLV
VDLG-DFRSR'R\RXJRDQG,ZLOOVWD\DQGWDNHFDUHRI
WKHZRXQGHGPDQ
$QGJLYHXS\RXUVKDUHRIWKHYHQWXUHVDLG(GPRQGWR
UHPDLQZLWKPH"
<HVVDLG-DFRSRDQGZLWKRXWDQ\KHVLWDWLRQ
<RXDUHDJRRGIHOORZDQGDNLQGKHDUWHGPHVVPDWHUHSOLHG
(GPRQGDQGKHDYHQZLOOUHFRPSHQVH\RXIRU\RXUJHQHURXV
LQWHQWLRQVEXW,GRQRWZLVKDQ\RQHWRVWD\ZLWKPH$GD\
RUWZRRIUHVWZLOOVHWPHXSDQG,KRSH,VKDOOILQGDPRQJ
WKHURFNVFHUWDLQKHUEVPRVWH[FHOOHQWIRUEUXLVHV
$SHFXOLDUVPLOHSDVVHGRYHU'DQWHV
OLSVKHVTXHH]HG
-DFRSR
VKDQGZDUPO\EXWQRWKLQJFRXOGVKDNHKLV
GHWHUPLQDWLRQWRUHPDLQDQGUHPDLQDORQH7KHVPXJJOHUV
OHIWZLWK(GPRQGZKDWKHKDGUHTXHVWHGDQGVHWVDLOEXWQRW
ZLWKRXWWXUQLQJDERXWVHYHUDOWLPHVDQGHDFKWLPHPDNLQJ
VLJQVRIDFRUGLDOIDUHZHOOWRZKLFK(GPRQGUHSOLHGZLWK
KLVKDQGRQO\DVLIKHFRXOGQRWPRYHWKHUHVWRIKLVERG\
7KHQZKHQWKH\KDGGLVDSSHDUHGKHVDLGZLWKDVPLOH

7LVVWUDQJHWKDWLWVKRXOGEHDPRQJVXFKPHQWKDWZHILQG
SURRIVRIIULHQGVKLSDQGGHYRWLRQ7KHQKHGUDJJHGKLPVHOI
FDXWLRXVO\WRWKHWRSRIDURFNIURPZKLFKKHKDGDIXOO
YLHZRIWKHVHDDQGWKHQFHKHVDZWKHWDUWDQFRPSOHWHKHU
SUHSDUDWLRQVIRUVDLOLQJZHLJKDQFKRUDQGEDODQFLQJ
KHUVHOIDVJUDFHIXOO\DVDZDWHUIRZOHUHLWWDNHVWRWKH
ZLQJVHWVDLO$WWKHHQGRIDQKRXUVKHZDVFRPSOHWHO\RXW
RIVLJKWDWOHDVWLWZDVLPSRVVLEOHIRUWKHZRXQGHGPDQWR
VHHKHUDQ\ORQJHUIURPWKHVSRWZKHUHKHZDV7KHQ'DQWHV
URVHPRUHDJLOHDQGOLJKWWKDQWKHNLGDPRQJWKHP\UWOHVDQG
VKUXEVRIWKHVHZLOGURFNVWRRNKLVJXQLQRQHKDQGKLV
SLFND[HLQWKHRWKHUDQGKDVWHQHGWRZDUGVWKHURFNRQZKLFK
WKHPDUNVKHKDGQRWHGWHUPLQDWHG$QGQRZKHH[FODLPHG
UHPHPEHULQJWKHWDOHRIWKH$UDELDQILVKHUPDQZKLFK)DULD
KDGUHODWHGWRKLPQRZRSHQVHVDPH

&KDSWHU

252

7KH6HFUHW&DYH
7KHVXQKDGQHDUO\UHDFKHGWKHPHULGLDQDQGKLVVFRUFKLQJ
UD\VIHOOIXOORQWKHURFNVZKLFKVHHPHGWKHPVHOYHV
VHQVLEOHRIWKHKHDW7KRXVDQGVRIJUDVVKRSSHUVKLGGHQLQ
WKHEXVKHVFKLUSHGZLWKDPRQRWRQRXVDQGGXOOQRWHWKH
OHDYHVRIWKHP\UWOHDQGROLYHWUHHVZDYHGDQGUXVWOHGLQ
WKHZLQG$WHYHU\VWHSWKDW(GPRQGWRRNKHGLVWXUEHGWKH
OL]DUGVJOLWWHULQJZLWKWKHKXHVRIWKHHPHUDOGDIDURIIKH
VDZWKHZLOGJRDWVERXQGLQJIURPFUDJWRFUDJ,QDZRUG
WKHLVODQGZDVLQKDELWHG\HW(GPRQGIHOWKLPVHOIDORQH
JXLGHGE\WKHKDQGRI*RG+HIHOWDQLQGHVFULEDEOH
VHQVDWLRQVRPHZKDWDNLQWRGUHDGWKDWGUHDGRIWKH
GD\OLJKWZKLFKHYHQLQWKHGHVHUWPDNHVXVIHDUZHDUH
ZDWFKHGDQGREVHUYHG7KLVIHHOLQJZDVVRVWURQJWKDWDWWKH
PRPHQWZKHQ(GPRQGZDVDERXWWREHJLQKLVODERUKHVWRSSHG
ODLGGRZQKLVSLFND[HVHL]HGKLVJXQPRXQWHGWRWKHVXPPLW
RIWKHKLJKHVWURFNDQGIURPWKHQFHJD]HGURXQGLQHYHU\
GLUHFWLRQ
%XWLWZDVQRWXSRQ&RUVLFDWKHYHU\KRXVHVRIZKLFKKH
FRXOGGLVWLQJXLVKRURQ6DUGLQLDRURQWKH,VODQGRI(OED
ZLWKLWVKLVWRULFDODVVRFLDWLRQVRUXSRQWKHDOPRVW
LPSHUFHSWLEOHOLQHWKDWWRWKHH[SHULHQFHGH\HRIDVDLORU
DORQHUHYHDOHGWKHFRDVWRI*HQRDWKHSURXGDQG/HJKRUQWKH
FRPPHUFLDOWKDWKHJD]HG,WZDVDWWKHEULJDQWLQHWKDWKDG
OHIWLQWKHPRUQLQJDQGWKHWDUWDQWKDWKDGMXVWVHWVDLO
WKDW(GPRQGIL[HGKLVH\HV7KHILUVWZDVMXVWGLVDSSHDULQJ
LQWKHVWUDLWVRI%RQLIDFLRWKHRWKHUIROORZLQJDQ
RSSRVLWHGLUHFWLRQZDVDERXWWRURXQGWKH,VODQGRI
&RUVLFD7KLVVLJKWUHDVVXUHGKLP+HWKHQORRNHGDWWKH
REMHFWVQHDUKLP+HVDZWKDWKHZDVRQWKHKLJKHVWSRLQWRI
WKHLVODQGDVWDWXHRQWKLVYDVWSHGHVWDORIJUDQLWH
QRWKLQJKXPDQDSSHDULQJLQVLJKWZKLOHWKHEOXHRFHDQEHDW
DJDLQVWWKHEDVHRIWKHLVODQGDQGFRYHUHGLWZLWKDIULQJH
RIIRDP7KHQKHGHVFHQGHGZLWKFDXWLRXVDQGVORZVWHSIRU
KHGUHDGHGOHVWDQDFFLGHQWVLPLODUWRWKDWKHKDGVR
DGURLWO\IHLJQHGVKRXOGKDSSHQLQUHDOLW\
'DQWHVDVZHKDYHVDLGKDGWUDFHGWKHPDUNVDORQJWKH
URFNVDQGKHKDGQRWLFHGWKDWWKH\OHGWRDVPDOOFUHHN
ZKLFKZDVKLGGHQOLNHWKHEDWKRIVRPHDQFLHQWQ\PSK7KLV
FUHHNZDVVXIILFLHQWO\ZLGHDWLWVPRXWKDQGGHHSLQWKH
FHQWUHWRDGPLWRIWKHHQWUDQFHRIDVPDOOYHVVHORIWKH

253

OXJJHUFODVVZKLFKZRXOGEHSHUIHFWO\FRQFHDOHGIURP
REVHUYDWLRQ
7KHQIROORZLQJWKHFOHZWKDWLQWKHKDQGVRIWKH$EEH
)DULDKDGEHHQVRVNLOIXOO\XVHGWRJXLGHKLPWKURXJKWKH
'DHGDOLDQODE\ULQWKRISUREDELOLWLHVKHWKRXJKWWKDWWKH
&DUGLQDO6SDGDDQ[LRXVQRWWREHZDWFKHGKDGHQWHUHGWKH
FUHHNFRQFHDOHGKLVOLWWOHEDUTXHIROORZHGWKHOLQHPDUNHG
E\WKHQRWFKHVLQWKHURFNDQGDWWKHHQGRILWKDGEXULHG
KLVWUHDVXUH,WZDVWKLVLGHDWKDWKDGEURXJKW'DQWHVEDFN
WRWKHFLUFXODUURFN2QHWKLQJRQO\SHUSOH[HG(GPRQGDQG
GHVWUR\HGKLVWKHRU\+RZFRXOGWKLVURFNZKLFKZHLJKHG
VHYHUDOWRQVKDYHEHHQOLIWHGWRWKLVVSRWZLWKRXWWKHDLG
RIPDQ\PHQ"6XGGHQO\DQLGHDIODVKHGDFURVVKLVPLQG
,QVWHDGRIUDLVLQJLWWKRXJKWKHWKH\KDYHORZHUHGLW$QG
KHVSUDQJIURPWKHURFNLQRUGHUWRLQVSHFWWKHEDVHRQ
ZKLFKLWKDGIRUPHUO\VWRRG+HVRRQSHUFHLYHGWKDWDVORSH
KDGEHHQIRUPHGDQGWKHURFNKDGVOLGDORQJWKLVXQWLOLW
VWRSSHGDWWKHVSRWLWQRZRFFXSLHG$ODUJHVWRQHKDG
VHUYHGDVDZHGJHIOLQWVDQGSHEEOHVKDGEHHQLQVHUWHG
DURXQGLWVRDVWRFRQFHDOWKHRULILFHWKLVVSHFLHVRI
PDVRQU\KDGEHHQFRYHUHGZLWKHDUWKDQGJUDVVDQGZHHGVKDG
JURZQWKHUHPRVVKDGFOXQJWRWKHVWRQHVP\UWOHEXVKHVKDG
WDNHQURRWDQGWKHROGURFNVHHPHGIL[HGWRWKHHDUWK
'DQWHVGXJDZD\WKHHDUWKFDUHIXOO\DQGGHWHFWHGRU
IDQFLHGKHGHWHFWHGWKHLQJHQLRXVDUWLILFH+HDWWDFNHG
WKLVZDOOFHPHQWHGE\WKHKDQGRIWLPHZLWKKLVSLFND[H
$IWHUWHQPLQXWHV
ODERUWKHZDOOJDYHZD\DQGDKROHODUJH
HQRXJKWRLQVHUWWKHDUPZDVRSHQHG'DQWHVZHQWDQGFXWWKH
VWURQJHVWROLYHWUHHKHFRXOGILQGVWULSSHGRIILWV
EUDQFKHVLQVHUWHGLWLQWKHKROHDQGXVHGLWDVDOHYHU
%XWWKHURFNZDVWRRKHDY\DQGWRRILUPO\ZHGJHGWREH
PRYHGE\DQ\RQHPDQZHUHKH+HUFXOHVKLPVHOI'DQWHVVDZ
WKDWKHPXVWDWWDFNWKHZHGJH%XWKRZ"+HFDVWKLVH\HV
DURXQGDQGVDZWKHKRUQIXOORISRZGHUZKLFKKLVIULHQG
-DFRSRKDGOHIWKLP+HVPLOHGWKHLQIHUQDOLQYHQWLRQZRXOG
VHUYHKLPIRUWKLVSXUSRVH:LWKWKHDLGRIKLVSLFND[H
'DQWHVDIWHUWKHPDQQHURIDODERUVDYLQJSLRQHHUGXJD
PLQHEHWZHHQWKHXSSHUURFNDQGWKHRQHWKDWVXSSRUWHGLW
ILOOHGLWZLWKSRZGHUWKHQPDGHDPDWFKE\UROOLQJKLV
KDQGNHUFKLHILQVDOWSHWUH+HOLJKWHGLWDQGUHWLUHG7KH
H[SORVLRQVRRQIROORZHGWKHXSSHUURFNZDVOLIWHGIURPLWV
EDVHE\WKHWHUULILFIRUFHRIWKHSRZGHUWKHORZHURQHIOHZ

254

LQWRSLHFHVWKRXVDQGVRILQVHFWVHVFDSHGIURPWKHDSHUWXUH
'DQWHVKDGSUHYLRXVO\IRUPHGDQGDKXJHVQDNHOLNHWKH
JXDUGLDQGHPRQRIWKHWUHDVXUHUROOHGKLPVHOIDORQJLQ
GDUNHQLQJFRLOVDQGGLVDSSHDUHG
'DQWHVDSSURDFKHGWKHXSSHUURFNZKLFKQRZZLWKRXWDQ\
VXSSRUWOHDQHGWRZDUGVWKHVHD7KHLQWUHSLG
WUHDVXUHVHHNHUZDONHGURXQGLWDQGVHOHFWLQJWKHVSRW
IURPZKHQFHLWDSSHDUHGPRVWVXVFHSWLEOHWRDWWDFNSODFHG
KLVOHYHULQRQHRIWKHFUHYLFHVDQGVWUDLQHGHYHU\QHUYH
WRPRYHWKHPDVV7KHURFNDOUHDG\VKDNHQE\WKHH[SORVLRQ
WRWWHUHGRQLWVEDVH'DQWHVUHGRXEOHGKLVHIIRUWVKH
VHHPHGOLNHRQHRIWKHDQFLHQW7LWDQVZKRXSURRWHGWKH
PRXQWDLQVWRKXUODJDLQVWWKHIDWKHURIWKHJRGV7KHURFN
\LHOGHGUROOHGRYHUERXQGHGIURPSRLQWWRSRLQWDQG
ILQDOO\GLVDSSHDUHGLQWKHRFHDQ
2QWKHVSRWLWKDGRFFXSLHGZDVDFLUFXODUVSDFHH[SRVLQJ
DQLURQULQJOHWLQWRDVTXDUHIODJVWRQH'DQWHVXWWHUHGD
FU\RIMR\DQGVXUSULVHQHYHUKDGDILUVWDWWHPSWEHHQ
FURZQHGZLWKPRUHSHUIHFWVXFFHVV+HZRXOGIDLQKDYH
FRQWLQXHGEXWKLVNQHHVWUHPEOHGDQGKLVKHDUWEHDWVR
YLROHQWO\DQGKLVVLJKWEHFDPHVRGLPWKDWKHZDVIRUFHG
WRSDXVH7KLVIHHOLQJODVWHGEXWIRUDPRPHQW(GPRQG
LQVHUWHGKLVOHYHULQWKHULQJDQGH[HUWHGDOOKLVVWUHQJWK
WKHIODJVWRQH\LHOGHGDQGGLVFORVHGVWHSVWKDWGHVFHQGHG
XQWLOWKH\ZHUHORVWLQWKHREVFXULW\RIDVXEWHUUDQHRXV
JURWWR$Q\RQHHOVHZRXOGKDYHUXVKHGRQZLWKDFU\RIMR\
'DQWHVWXUQHGSDOHKHVLWDWHGDQGUHIOHFWHG&RPHVDLG
KHWRKLPVHOIEHDPDQ,DPDFFXVWRPHGWRDGYHUVLW\,
PXVWQRWEHFDVWGRZQE\WKHGLVFRYHU\WKDW,KDYHEHHQ
GHFHLYHG:KDWWKHQZRXOGEHWKHXVHRIDOO,KDYH
VXIIHUHG"7KHKHDUWEUHDNVZKHQDIWHUKDYLQJEHHQHODWHGE\
IODWWHULQJKRSHVLWVHHVDOOLWVLOOXVLRQVGHVWUR\HG)DULD
KDVGUHDPHGWKLVWKH&DUGLQDO6SDGDEXULHGQRWUHDVXUH
KHUHSHUKDSVKHQHYHUFDPHKHUHRULIKHGLG&DHVDU
%RUJLDWKHLQWUHSLGDGYHQWXUHUWKHVWHDOWK\DQG
LQGHIDWLJDEOHSOXQGHUHUKDVIROORZHGKLPGLVFRYHUHGKLV
WUDFHVSXUVXHGWKHPDV,KDYHGRQHUDLVHGWKHVWRQHDQG
GHVFHQGLQJEHIRUHPHKDVOHIWPHQRWKLQJ+HUHPDLQHG
PRWLRQOHVVDQGSHQVLYHKLVH\HVIL[HGRQWKHJORRP\
DSHUWXUHWKDWZDVRSHQDWKLVIHHW
1RZWKDW,H[SHFWQRWKLQJQRZWKDW,QRORQJHUHQWHUWDLQ

255

WKHVOLJKWHVWKRSHVWKHHQGRIWKLVDGYHQWXUHEHFRPHV
VLPSO\DPDWWHURIFXULRVLW\$QGKHUHPDLQHGDJDLQ
PRWLRQOHVVDQGWKRXJKWIXO
<HV\HVWKLVLVDQDGYHQWXUHZRUWK\DSODFHLQWKHYDULHG
FDUHHURIWKDWUR\DOEDQGLW7KLVIDEXORXVHYHQWIRUPHGEXW
DOLQNLQDORQJFKDLQRIPDUYHOV<HV%RUJLDKDVEHHQ
KHUHDWRUFKLQRQHEDQGDVZRUGLQWKHRWKHUDQGZLWKLQ
WZHQW\SDFHVDWWKHIRRWRIWKLVURFNSHUKDSVWZRJXDUGV
NHSWZDWFKRQODQGDQGVHDZKLOHWKHLUPDVWHUGHVFHQGHGDV
,DPDERXWWRGHVFHQGGLVSHOOLQJWKHGDUNQHVVEHIRUHKLV
DZHLQVSLULQJSURJUHVV
%XWZKDWZDVWKHIDWHRIWKHJXDUGVZKRWKXVSRVVHVVHGKLV
VHFUHW"DVNHG'DQWHVRIKLPVHOI
7KHIDWHUHSOLHGKHVPLOLQJRIWKRVHZKREXULHG
$ODULF
<HWKDGKHFRPHWKRXJKW'DQWHVKHZRXOGKDYHIRXQGWKH
WUHDVXUHDQG%RUJLDKHZKRFRPSDUHG,WDO\WRDQDUWLFKRNH
ZKLFKKHFRXOGGHYRXUOHDIE\OHDINQHZWRRZHOOWKHYDOXH
RIWLPHWRZDVWHLWLQUHSODFLQJWKLVURFN,ZLOOJRGRZQ
7KHQKHGHVFHQGHGDVPLOHRQKLVOLSVDQGPXUPXULQJWKDW
ODVWZRUGRIKXPDQSKLORVRSK\3HUKDSV%XWLQVWHDGRIWKH
GDUNQHVVDQGWKHWKLFNDQGPHSKLWLFDWPRVSKHUHKHKDG
H[SHFWHGWRILQG'DQWHVVDZDGLPDQGEOXLVKOLJKWZKLFK
DVZHOODVWKHDLUHQWHUHGQRWPHUHO\E\WKHDSHUWXUHKH
KDGMXVWIRUPHGEXWE\WKHLQWHUVWLFHVDQGFUHYLFHVRIWKH
URFNZKLFKZHUHYLVLEOHIURPZLWKRXWDQGWKURXJKZKLFKKH
FRXOGGLVWLQJXLVKWKHEOXHVN\DQGWKHZDYLQJEUDQFKHVRI
WKHHYHUJUHHQRDNVDQGWKHWHQGULOVRIWKHFUHHSHUVWKDW
JUHZIURPWKHURFNV$IWHUKDYLQJVWRRGDIHZPLQXWHVLQWKH
FDYHUQWKHDWPRVSKHUHRIZKLFKZDVUDWKHUZDUPWKDQGDPS
'DQWHV
H\HKDELWXDWHGDVLWZDVWRGDUNQHVVFRXOGSLHUFH
HYHQWRWKHUHPRWHVWDQJOHVRIWKHFDYHUQZKLFKZDVRI
JUDQLWHWKDWVSDUNOHGOLNHGLDPRQGV$ODVVDLG(GPRQG
VPLOLQJWKHVHDUHWKHWUHDVXUHVWKHFDUGLQDOKDVOHIWDQG
WKHJRRGDEEHVHHLQJLQDGUHDPWKHVHJOLWWHULQJZDOOVKDV
LQGXOJHGLQIDOODFLRXVKRSHV
%XWKHFDOOHGWRPLQGWKHZRUGVRIWKHZLOOZKLFKKHNQHZ
E\KHDUW,QWKHIDUWKHVWDQJOHRIWKHVHFRQGRSHQLQJ

256

VDLGWKHFDUGLQDO
VZLOO+HKDGRQO\IRXQGWKHILUVW
JURWWRKHKDGQRZWRVHHNWKHVHFRQG'DQWHVFRQWLQXHGKLV
VHDUFK+HUHIOHFWHGWKDWWKLVVHFRQGJURWWRPXVWSHQHWUDWH
GHHSHULQWRWKHLVODQGKHH[DPLQHGWKHVWRQHVDQGVRXQGHG
RQHSDUWRIWKHZDOOZKHUHKHIDQFLHGWKHRSHQLQJH[LVWHG
PDVNHGIRUSUHFDXWLRQ
VVDNH7KHSLFND[HVWUXFNIRUD
PRPHQWZLWKDGXOOVRXQGWKDWGUHZRXWRI'DQWHV
IRUHKHDG
ODUJHGURSVRISHUVSLUDWLRQ$WODVWLWVHHPHGWRKLPWKDW
RQHSDUWRIWKHZDOOJDYHIRUWKDPRUHKROORZDQGGHHSHU
HFKRKHHDJHUO\DGYDQFHGDQGZLWKWKHTXLFNQHVVRI
SHUFHSWLRQWKDWQRRQHEXWDSULVRQHUSRVVHVVHVVDZWKDW
WKHUHLQDOOSUREDELOLW\WKHRSHQLQJPXVWEH
+RZHYHUKHOLNH&DHVDU%RUJLDNQHZWKHYDOXHRIWLPH
DQGLQRUGHUWRDYRLGIUXLWOHVVWRLOKHVRXQGHGDOOWKH
RWKHUZDOOVZLWKKLVSLFND[HVWUXFNWKHHDUWKZLWKWKHEXWW
RIKLVJXQDQGILQGLQJQRWKLQJWKDWDSSHDUHGVXVSLFLRXV
UHWXUQHGWRWKDWSDUWRIWKHZDOOZKHQFHLVVXHGWKH
FRQVROLQJVRXQGKHKDGEHIRUHKHDUG+HDJDLQVWUXFNLWDQG
ZLWKJUHDWHUIRUFH7KHQDVLQJXODUWKLQJRFFXUUHG$VKH
VWUXFNWKHZDOOSLHFHVRIVWXFFRVLPLODUWRWKDWXVHGLQ
WKHJURXQGZRUNRIDUDEHVTXHVEURNHRIIDQGIHOOWRWKH
JURXQGLQIODNHVH[SRVLQJDODUJHZKLWHVWRQH7KHDSHUWXUH
RIWKHURFNKDGEHHQFORVHGZLWKVWRQHVWKHQWKLVVWXFFR
KDGEHHQDSSOLHGDQGSDLQWHGWRLPLWDWHJUDQLWH'DQWHV
VWUXFNZLWKWKHVKDUSHQGRIKLVSLFND[HZKLFKHQWHUHG
VRPHZD\EHWZHHQWKHLQWHUVWLFHV,WZDVWKHUHKHPXVWGLJ
%XWE\VRPHVWUDQJHSOD\RIHPRWLRQLQSURSRUWLRQDVWKH
SURRIVWKDW)DULDKDGQRWEHHQGHFHLYHGEHFDPHVWURQJHUVR
GLGKLVKHDUWJLYHZD\DQGDIHHOLQJRIGLVFRXUDJHPHQW
VWROHRYHUKLP7KLVODVWSURRILQVWHDGRIJLYLQJKLPIUHVK
VWUHQJWKGHSULYHGKLPRILWWKHSLFND[HGHVFHQGHGRU
UDWKHUIHOOKHSODFHGLWRQWKHJURXQGSDVVHGKLVKDQG
RYHUKLVEURZDQGUHPRXQWHGWKHVWDLUVDOOHJLQJWR
KLPVHOIDVDQH[FXVHDGHVLUHWREHDVVXUHGWKDWQRRQH
ZDVZDWFKLQJKLPEXWLQUHDOLW\EHFDXVHKHIHOWWKDWKHZDV
DERXWWRIDLQW7KHLVODQGZDVGHVHUWHGDQGWKHVXQVHHPHG
WRFRYHULWZLWKLWVILHU\JODQFHDIDURIIDIHZVPDOO
ILVKLQJERDWVVWXGGHGWKHERVRPRIWKHEOXHRFHDQ
'DQWHVKDGWDVWHGQRWKLQJEXWKHWKRXJKWQRWRIKXQJHUDW
VXFKDPRPHQWKHKDVWLO\VZDOORZHGDIHZGURSVRIUXPDQG
DJDLQHQWHUHGWKHFDYHUQ7KHSLFND[HWKDWKDGVHHPHGVR
KHDY\ZDVQRZOLNHDIHDWKHULQKLVJUDVSKHVHL]HGLW

257

DQGDWWDFNHGWKHZDOO$IWHUVHYHUDOEORZVKHSHUFHLYHGWKDW
WKHVWRQHVZHUHQRWFHPHQWHGEXWKDGEHHQPHUHO\SODFHGRQH
XSRQWKHRWKHUDQGFRYHUHGZLWKVWXFFRKHLQVHUWHGWKH
SRLQWRIKLVSLFND[HDQGXVLQJWKHKDQGOHDVDOHYHUZLWK
MR\VRRQVDZWKHVWRQHWXUQDVLIRQKLQJHVDQGIDOODWKLV
IHHW+HKDGQRWKLQJPRUHWRGRQRZEXWZLWKWKHLURQWRRWK
RIWKHSLFND[HWRGUDZWKHVWRQHVWRZDUGVKLPRQHE\RQH
7KHDSHUWXUHZDVDOUHDG\VXIILFLHQWO\ODUJHIRUKLPWR
HQWHUEXWE\ZDLWLQJKHFRXOGVWLOOFOLQJWRKRSHDQG
UHWDUGWKHFHUWDLQW\RIGHFHSWLRQ$WODVWDIWHUUHQHZHG
KHVLWDWLRQ'DQWHVHQWHUHGWKHVHFRQGJURWWR7KHVHFRQG
JURWWRZDVORZHUDQGPRUHJORRP\WKDQWKHILUVWWKHDLU
WKDWFRXOGRQO\HQWHUE\WKHQHZO\IRUPHGRSHQLQJKDGWKH
PHSKLWLFVPHOO'DQWHVZDVVXUSULVHGQRWWRILQGLQWKHRXWHU
FDYHUQ+HZDLWHGLQRUGHUWRDOORZSXUHDLUWRGLVSODFHWKH
IRXODWPRVSKHUHDQGWKHQZHQWRQ$WWKHOHIWRIWKH
RSHQLQJZDVDGDUNDQGGHHSDQJOH%XWWR'DQWHV
H\HWKHUH
ZDVQRGDUNQHVV+HJODQFHGDURXQGWKLVVHFRQGJURWWRLW
ZDVOLNHWKHILUVWHPSW\
7KHWUHDVXUHLILWH[LVWHGZDVEXULHGLQWKLVFRUQHU7KH
WLPHKDGDWOHQJWKDUULYHGWZRIHHWRIHDUWKUHPRYHGDQG
'DQWHV
IDWHZRXOGEHGHFLGHG+HDGYDQFHGWRZDUGVWKH
DQJOHDQGVXPPRQLQJDOOKLVUHVROXWLRQDWWDFNHGWKHJURXQG
ZLWKWKHSLFND[H$WWKHILIWKRUVL[WKEORZWKHSLFND[H
VWUXFNDJDLQVWDQLURQVXEVWDQFH1HYHUGLGIXQHUDONQHOO
QHYHUGLGDODUPEHOOSURGXFHDJUHDWHUHIIHFWRQWKH
KHDUHU+DG'DQWHVIRXQGQRWKLQJKHFRXOGQRWKDYHEHFRPH
PRUHJKDVWO\SDOH+HDJDLQVWUXFNKLVSLFND[HLQWRWKH
HDUWKDQGHQFRXQWHUHGWKHVDPHUHVLVWDQFHEXWQRWWKHVDPH
VRXQG,WLVDFDVNHWRIZRRGERXQGZLWKLURQWKRXJKWKH
$WWKLVPRPHQWDVKDGRZSDVVHGUDSLGO\EHIRUHWKHRSHQLQJ
'DQWHVVHL]HGKLVJXQVSUDQJWKURXJKWKHRSHQLQJDQG
PRXQWHGWKHVWDLU$ZLOGJRDWKDGSDVVHGEHIRUHWKHPRXWK
RIWKHFDYHDQGZDVIHHGLQJDWDOLWWOHGLVWDQFH7KLV
ZRXOGKDYHEHHQDIDYRUDEOHRFFDVLRQWRVHFXUHKLVGLQQHU
EXW'DQWHVIHDUHGOHVWWKHUHSRUWRIKLVJXQVKRXOGDWWUDFW
DWWHQWLRQ
+HWKRXJKWDPRPHQWFXWDEUDQFKRIDUHVLQRXVWUHH
OLJKWHGLWDWWKHILUHDWZKLFKWKHVPXJJOHUVKDGSUHSDUHG
WKHLUEUHDNIDVWDQGGHVFHQGHGZLWKWKLVWRUFK+HZLVKHGWR
VHHHYHU\WKLQJ+HDSSURDFKHGWKHKROHKHKDGGXJDQGQRZ
ZLWKWKHDLGRIWKHWRUFKVDZWKDWKLVSLFND[HKDGLQ

258

UHDOLW\VWUXFNDJDLQVWLURQDQGZRRG+HSODQWHGKLVWRUFK
LQWKHJURXQGDQGUHVXPHGKLVODERU,QDQLQVWDQWDVSDFH
WKUHHIHHWORQJE\WZRIHHWEURDGZDVFOHDUHGDQG'DQWHV
FRXOGVHHDQRDNHQFRIIHUERXQGZLWKFXWVWHHOLQWKH
PLGGOHRIWKHOLGKHVDZHQJUDYHGRQDVLOYHUSODWHZKLFK
ZDVVWLOOXQWDUQLVKHGWKHDUPVRIWKH6SDGDIDPLO\YL]
DVZRUGSDOHRQDQRYDOVKLHOGOLNHDOOWKH,WDOLDQ
DUPRULDOEHDULQJVDQGVXUPRXQWHGE\DFDUGLQDO
VKDW
'DQWHVHDVLO\UHFRJQL]HGWKHP)DULDKDGVRRIWHQGUDZQWKHP
IRUKLP7KHUHZDVQRORQJHUDQ\GRXEWWKHWUHDVXUHZDV
WKHUHQRRQHZRXOGKDYHEHHQDWVXFKSDLQVWRFRQFHDODQ
HPSW\FDVNHW,QDQLQVWDQWKHKDGFOHDUHGHYHU\REVWDFOH
DZD\DQGKHVDZVXFFHVVLYHO\WKHORFNSODFHGEHWZHHQWZR
SDGORFNVDQGWKHWZRKDQGOHVDWHDFKHQGDOOFDUYHGDV
WKLQJVZHUHFDUYHGDWWKDWHSRFKZKHQDUWUHQGHUHGWKH
FRPPRQHVWPHWDOVSUHFLRXV'DQWHVVHL]HGWKHKDQGOHVDQG
VWURYHWROLIWWKHFRIIHULWZDVLPSRVVLEOH+HVRXJKWWR
RSHQLWORFNDQGSDGORFNZHUHIDVWHQHGWKHVHIDLWKIXO
JXDUGLDQVVHHPHGXQZLOOLQJWRVXUUHQGHUWKHLUWUXVW'DQWHV
LQVHUWHGWKHVKDUSHQGRIWKHSLFND[HEHWZHHQWKHFRIIHUDQG
WKHOLGDQGSUHVVLQJZLWKDOOKLVIRUFHRQWKHKDQGOH
EXUVWRSHQWKHIDVWHQLQJV7KHKLQJHV\LHOGHGLQWKHLUWXUQ
DQGIHOOVWLOOKROGLQJLQWKHLUJUDVSIUDJPHQWVRIWKH
ZRRGDQGWKHFKHVWZDVRSHQ
(GPRQGZDVVHL]HGZLWKYHUWLJRKHFRFNHGKLVJXQDQGODLG
LWEHVLGHKLP+HWKHQFORVHGKLVH\HVDVFKLOGUHQGRLQ
RUGHUWKDWWKH\PD\VHHLQWKHUHVSOHQGHQWQLJKWRIWKHLU
RZQLPDJLQDWLRQPRUHVWDUVWKDQDUHYLVLEOHLQWKH
ILUPDPHQWWKHQKHUHRSHQHGWKHPDQGVWRRGPRWLRQOHVVZLWK
DPD]HPHQW7KUHHFRPSDUWPHQWVGLYLGHGWKHFRIIHU,QWKH
ILUVWEOD]HGSLOHVRIJROGHQFRLQLQWKHVHFRQGZHUH
UDQJHGEDUVRIXQSROLVKHGJROGZKLFKSRVVHVVHGQRWKLQJ
DWWUDFWLYHVDYHWKHLUYDOXHLQWKHWKLUG(GPRQGJUDVSHG
KDQGIXOVRIGLDPRQGVSHDUOVDQGUXELHVZKLFKDVWKH\
IHOORQRQHDQRWKHUVRXQGHGOLNHKDLODJDLQVWJODVV$IWHU
KDYLQJWRXFKHGIHOWH[DPLQHGWKHVHWUHDVXUHV(GPRQG
UXVKHGWKURXJKWKHFDYHUQVOLNHDPDQVHL]HGZLWKIUHQ]\KH
OHDSHGRQDURFNIURPZKHQFHKHFRXOGEHKROGWKHVHD+H
ZDVDORQHDORQHZLWKWKHVHFRXQWOHVVWKHVHXQKHDUGRI
WUHDVXUHVZDVKHDZDNHRUZDVLWEXWDGUHDP"
+HZRXOGIDLQKDYHJD]HGXSRQKLVJROGDQG\HWKHKDGQRW
VWUHQJWKHQRXJKIRUDQLQVWDQWKHOHDQHGKLVKHDGLQKLV

259

KDQGVDVLIWRSUHYHQWKLVVHQVHVIURPOHDYLQJKLPDQGWKHQ
UXVKHGPDGO\DERXWWKHURFNVRI0RQWH&ULVWRWHUULI\LQJWKH
ZLOGJRDWVDQGVFDULQJWKHVHDIRZOVZLWKKLVZLOGFULHVDQG
JHVWXUHVWKHQKHUHWXUQHGDQGVWLOOXQDEOHWREHOLHYHWKH
HYLGHQFHRIKLVVHQVHVUXVKHGLQWRWKHJURWWRDQGIRXQG
KLPVHOIEHIRUHWKLVPLQHRIJROGDQGMHZHOV7KLVWLPHKH
IHOORQKLVNQHHVDQGFODVSLQJKLVKDQGVFRQYXOVLYHO\
XWWHUHGDSUD\HULQWHOOLJLEOHWR*RGDORQH+HVRRQEHFDPH
FDOPHUDQGPRUHKDSS\IRURQO\QRZGLGKHEHJLQWRUHDOL]H
KLVIHOLFLW\+HWKHQVHWKLPVHOIWRZRUNWRFRXQWKLV
IRUWXQH7KHUHZHUHDWKRXVDQGLQJRWVRIJROGHDFKZHLJKLQJ
IURPWZRWRWKUHHSRXQGVWKHQKHSLOHGXSWZHQW\ILYH
WKRXVDQGFURZQVHDFKZRUWKDERXWHLJKW\IUDQFVRIRXU
PRQH\DQGEHDULQJWKHHIILJLHVRI$OH[DQGHU9,DQGKLV
SUHGHFHVVRUVDQGKHVDZWKDWWKHFRPSOHPHQWZDVQRWKDOI
HPSW\$QGKHPHDVXUHGWHQGRXEOHKDQGIXOVRISHDUOV
GLDPRQGVDQGRWKHUJHPVPDQ\RIZKLFKPRXQWHGE\WKHPRVW
IDPRXVZRUNPHQZHUHYDOXDEOHEH\RQGWKHLULQWULQVLFZRUWK
'DQWHVVDZWKHOLJKWJUDGXDOO\GLVDSSHDUDQGIHDULQJWREH
VXUSULVHGLQWKHFDYHUQOHIWLWKLVJXQLQKLVKDQG$
SLHFHRIELVFXLWDQGDVPDOOTXDQWLW\RIUXPIRUPHGKLV
VXSSHUDQGKHVQDWFKHGDIHZKRXUV
VOHHSO\LQJRYHUWKH
PRXWKRIWKHFDYH
,WZDVDQLJKWRIMR\DQGWHUURUVXFKDVWKLVPDQRI
VWXSHQGRXVHPRWLRQVKDGDOUHDG\H[SHULHQFHGWZLFHRUWKULFH
LQKLVOLIHWLPH

&KDSWHU
7KH8QNQRZQ
'D\IRUZKLFK'DQWHVKDGVRHDJHUO\DQGLPSDWLHQWO\ZDLWHG
ZLWKRSHQH\HVDJDLQGDZQHG:LWKWKHILUVWOLJKW'DQWHV
UHVXPHGKLVVHDUFK$JDLQKHFOLPEHGWKHURFN\KHLJKWKHKDG
DVFHQGHGWKHSUHYLRXVHYHQLQJDQGVWUDLQHGKLVYLHZWR
FDWFKHYHU\SHFXOLDULW\RIWKHODQGVFDSHEXWLWZRUHWKH
VDPHZLOGEDUUHQDVSHFWZKHQVHHQE\WKHUD\VRIWKH
PRUQLQJVXQZKLFKLWKDGGRQHZKHQVXUYH\HGE\WKHIDGLQJ
JOLPPHURIHYH'HVFHQGLQJLQWRWKHJURWWRKHOLIWHGWKH
VWRQHILOOHGKLVSRFNHWVZLWKJHPVSXWWKHER[WRJHWKHUDV
ZHOODQGVHFXUHO\DVKHFRXOGVSULQNOHGIUHVKVDQGRYHUWKH
VSRWIURPZKLFKLWKDGEHHQWDNHQDQGWKHQFDUHIXOO\WURG

260

GRZQWKHHDUWKWRJLYHLWHYHU\ZKHUHDXQLIRUPDSSHDUDQFH
WKHQTXLWWLQJWKHJURWWRKHUHSODFHGWKHVWRQHKHDSLQJRQ
LWEURNHQPDVVHVRIURFNVDQGURXJKIUDJPHQWVRIFUXPEOLQJ
JUDQLWHILOOLQJWKHLQWHUVWLFHVZLWKHDUWKLQWRZKLFKKH
GHIWO\LQVHUWHGUDSLGO\JURZLQJSODQWVVXFKDVWKHZLOG
P\UWOHDQGIORZHULQJWKRUQWKHQFDUHIXOO\ZDWHULQJWKHVH
QHZSODQWDWLRQVKHVFUXSXORXVO\HIIDFHGHYHU\WUDFHRI
IRRWVWHSVOHDYLQJWKHDSSURDFKWRWKHFDYHUQDV
VDYDJHORRNLQJDQGXQWURGGHQDVKHKDGIRXQGLW7KLVGRQH
KHLPSDWLHQWO\DZDLWHGWKHUHWXUQRIKLVFRPSDQLRQV7RZDLW
DW0RQWH&ULVWRIRUWKHSXUSRVHRIZDWFKLQJOLNHDGUDJRQ
RYHUWKHDOPRVWLQFDOFXODEOHULFKVWKDWKDGWKXVIDOOHQLQWR
KLVSRVVHVVLRQVDWLVILHGQRWWKHFUDYLQJVRIKLVKHDUW
ZKLFK\HDUQHGWRUHWXUQWRGZHOODPRQJPDQNLQGDQGWR
DVVXPHWKHUDQNSRZHUDQGLQIOXHQFHZKLFKDUHDOZD\V
DFFRUGHGWRZHDOWKWKDWILUVWDQGJUHDWHVWRIDOOWKH
IRUFHVZLWKLQWKHJUDVSRIPDQ
2QWKHVL[WKGD\WKHVPXJJOHUVUHWXUQHG)URPDGLVWDQFH
'DQWHVUHFRJQL]HGWKHULJDQGKDQGOLQJRI7KH<RXQJ$PHOLD
DQGGUDJJLQJKLPVHOIZLWKDIIHFWHGGLIILFXOW\WRZDUGVWKH
ODQGLQJSODFHKHPHWKLVFRPSDQLRQVZLWKDQDVVXUDQFHWKDW
DOWKRXJKFRQVLGHUDEO\EHWWHUWKDQZKHQWKH\TXLWWHGKLPKH
VWLOOVXIIHUHGDFXWHO\IURPKLVODWHDFFLGHQW+HWKHQ
LQTXLUHGKRZWKH\KDGIDUHGLQWKHLUWULS7RWKLVTXHVWLRQ
WKHVPXJJOHUVUHSOLHGWKDWDOWKRXJKVXFFHVVIXOLQODQGLQJ
WKHLUFDUJRLQVDIHW\WKH\KDGVFDUFHO\GRQHVRZKHQWKH\
UHFHLYHGLQWHOOLJHQFHWKDWDJXDUGVKLSKDGMXVWTXLWWHGWKH
SRUWRI7RXORQDQGZDVFURZGLQJDOOVDLOWRZDUGVWKHP7KLV
REOLJHGWKHPWRPDNHDOOWKHVSHHGWKH\FRXOGWRHYDGHWKH
HQHP\ZKHQWKH\FRXOGEXWODPHQWWKHDEVHQFHRI'DQWHV
ZKRVHVXSHULRUVNLOOLQWKHPDQDJHPHQWRIDYHVVHOZRXOG
KDYHDYDLOHGWKHPVRPDWHULDOO\,QIDFWWKHSXUVXLQJ
YHVVHOKDGDOPRVWRYHUWDNHQWKHPZKHQIRUWXQDWHO\QLJKW
FDPHRQDQGHQDEOHGWKHPWRGRXEOHWKH&DSHRI&RUVLFDDQG
VRHOXGHDOOIXUWKHUSXUVXLW8SRQWKHZKROHKRZHYHUWKH
WULSKDGEHHQVXIILFLHQWO\VXFFHVVIXOWRVDWLVI\DOO
FRQFHUQHGZKLOHWKHFUHZDQGSDUWLFXODUO\-DFRSR
H[SUHVVHGJUHDWUHJUHWVWKDW'DQWHVKDGQRWEHHQDQHTXDO
VKDUHUZLWKWKHPVHOYHVLQWKHSURILWVZKLFKDPRXQWHGWRQR
OHVVDVXPWKDQILIW\SLDVWUHVHDFK
(GPRQGSUHVHUYHGWKHPRVWDGPLUDEOHVHOIFRPPDQGQRW
VXIIHULQJWKHIDLQWHVWLQGLFDWLRQRIDVPLOHWRHVFDSHKLP

261

DWWKHHQXPHUDWLRQRIDOOWKHEHQHILWVKHZRXOGKDYHUHDSHG
KDGKHEHHQDEOHWRTXLWWKHLVODQGEXWDV7KH<RXQJ$PHOLD
KDGPHUHO\FRPHWR0RQWH&ULVWRWRIHWFKKLPDZD\KH
HPEDUNHGWKDWVDPHHYHQLQJDQGSURFHHGHGZLWKWKHFDSWDLQ
WR/HJKRUQ$UULYHGDW/HJKRUQKHUHSDLUHGWRWKHKRXVHRI
D-HZDGHDOHULQSUHFLRXVVWRQHVWRZKRPKHGLVSRVHGRI
IRXURIKLVVPDOOHVWGLDPRQGVIRUILYHWKRXVDQGIUDQFVHDFK
'DQWHVKDOIIHDUHGWKDWVXFKYDOXDEOHMHZHOVLQWKHKDQGVRI
DSRRUVDLORUOLNHKLPVHOIPLJKWH[FLWHVXVSLFLRQEXWWKH
FXQQLQJSXUFKDVHUDVNHGQRWURXEOHVRPHTXHVWLRQVFRQFHUQLQJ
DEDUJDLQE\ZKLFKKHJDLQHGDURXQGSURILWRIDWOHDVW
HLJKW\SHUFHQW
7KHIROORZLQJGD\'DQWHVSUHVHQWHG-DFRSRZLWKDQHQWLUHO\
QHZYHVVHODFFRPSDQ\LQJWKHJLIWE\DGRQDWLRQRIRQH
KXQGUHGSLDVWUHVWKDWKHPLJKWSURYLGHKLPVHOIZLWKD
VXLWDEOHFUHZDQGRWKHUUHTXLVLWHVIRUKLVRXWILWXSRQ
FRQGLWLRQWKDWKHZRXOGJRDWRQFHWR0DUVHLOOHVIRUWKH
SXUSRVHRILQTXLULQJDIWHUDQROGPDQQDPHG/RXLV'DQWHV
UHVLGLQJLQWKH$OOHHVGH0HLOODQDQGDOVRD\RXQJZRPDQ
FDOOHG0HUFHGHVDQLQKDELWDQWRIWKH&DWDODQYLOODJH
-DFRSRFRXOGVFDUFHO\EHOLHYHKLVVHQVHVDWUHFHLYLQJWKLV
PDJQLILFHQWSUHVHQWZKLFK'DQWHVKDVWHQHGWRDFFRXQWIRUE\
VD\LQJWKDWKHKDGPHUHO\EHHQDVDLORUIURPZKLPDQGD
GHVLUHWRVSLWHKLVIDPLO\ZKRGLGQRWDOORZKLPDVPXFK
PRQH\DVKHOLNHGWRVSHQGEXWWKDWRQKLVDUULYDODW
/HJKRUQKHKDGFRPHLQWRSRVVHVVLRQRIDODUJHIRUWXQHOHIW
KLPE\DQXQFOHZKRVHVROHKHLUKHZDV7KHVXSHULRU
HGXFDWLRQRI'DQWHVJDYHDQDLURIVXFKH[WUHPHSUREDELOLW\
WRWKLVVWDWHPHQWWKDWLWQHYHURQFHRFFXUUHGWR-DFRSRWR
GRXEWLWVDFFXUDF\7KHWHUPIRUZKLFK(GPRQGKDGHQJDJHGWR
VHUYHRQERDUG7KH<RXQJ$PHOLDKDYLQJH[SLUHG'DQWHVWRRN
OHDYHRIWKHFDSWDLQZKRDWILUVWWULHGDOOKLVSRZHUVRI
SHUVXDVLRQWRLQGXFHKLPWRUHPDLQDVRQHRIWKHFUHZEXW
KDYLQJEHHQWROGWKHKLVWRU\RIWKHOHJDF\KHFHDVHGWR
LPSRUWXQHKLPIXUWKHU7KHIROORZLQJPRUQLQJ-DFRSRVHWVDLO
IRU0DUVHLOOHVZLWKGLUHFWLRQVIURP'DQWHVWRMRLQKLPDW
WKH,VODQGRI0RQWH&ULVWR
+DYLQJVHHQ-DFRSRIDLUO\RXWRIWKHKDUERU'DQWHV
SURFHHGHGWRPDNHKLVILQDODGLHXVRQERDUG7KH<RXQJ
$PHOLDGLVWULEXWLQJVROLEHUDODJUDWXLW\DPRQJKHUFUHZDV
WRVHFXUHIRUKLPWKHJRRGZLVKHVRIDOODQGH[SUHVVLRQVRI
FRUGLDOLQWHUHVWLQDOOWKDWFRQFHUQHGKLP7RWKHFDSWDLQ

262

KHSURPLVHGWRZULWHZKHQKHKDGPDGHXSKLVPLQGDVWRKLV
IXWXUHSODQV7KHQ'DQWHVGHSDUWHGIRU*HQRD$WWKHPRPHQW
RIKLVDUULYDODVPDOO\DFKWZDVXQGHUWULDOLQWKHED\
WKLV\DFKWKDGEHHQEXLOWE\RUGHURIDQ(QJOLVKPDQZKR
KDYLQJKHDUGWKDWWKH*HQRHVHH[FHOOHGDOORWKHUEXLOGHUV
DORQJWKHVKRUHVRIWKH0HGLWHUUDQHDQLQWKHFRQVWUXFWLRQRI
IDVWVDLOLQJYHVVHOVZDVGHVLURXVRISRVVHVVLQJDVSHFLPHQ
RIWKHLUVNLOOWKHSULFHDJUHHGXSRQEHWZHHQWKH(QJOLVKPDQ
DQGWKH*HQRHVHEXLOGHUZDVIRUW\WKRXVDQGIUDQFV'DQWHV
VWUXFNZLWKWKHEHDXW\DQGFDSDELOLW\RIWKHOLWWOHYHVVHO
DSSOLHGWRLWVRZQHUWRWUDQVIHULWWRKLPRIIHULQJVL[W\
WKRXVDQGIUDQFVXSRQFRQGLWLRQWKDWKHVKRXOGEHDOORZHGWR
WDNHLPPHGLDWHSRVVHVVLRQ7KHSURSRVDOZDVWRRDGYDQWDJHRXV
WREHUHIXVHGWKHPRUHVRDVWKHSHUVRQIRUZKRPWKH\DFKW
ZDVLQWHQGHGKDGJRQHXSRQDWRXUWKURXJK6ZLW]HUODQGDQG
ZDVQRWH[SHFWHGEDFNLQOHVVWKDQWKUHHZHHNVRUDPRQWK
E\ZKLFKWLPHWKHEXLOGHUUHFNRQHGXSRQEHLQJDEOHWR
FRPSOHWHDQRWKHU$EDUJDLQZDVWKHUHIRUHVWUXFN'DQWHVOHG
WKHRZQHURIWKH\DFKWWRWKHGZHOOLQJRID-HZUHWLUHG
ZLWKWKHODWWHUIRUDIHZPLQXWHVWRDVPDOOEDFNSDUORU
DQGXSRQWKHLUUHWXUQWKH-HZFRXQWHGRXWWRWKHVKLSEXLOGHU
WKHVXPRIVL[W\WKRXVDQGIUDQFVLQEULJKWJROGSLHFHV
7KHGHOLJKWHGEXLOGHUWKHQRIIHUHGKLVVHUYLFHVLQSURYLGLQJ
DVXLWDEOHFUHZIRUWKHOLWWOHYHVVHOEXWWKLV'DQWHV
GHFOLQHGZLWKPDQ\WKDQNVVD\LQJKHZDVDFFXVWRPHGWR
FUXLVHDERXWTXLWHDORQHDQGKLVSULQFLSDOSOHDVXUH
FRQVLVWHGLQPDQDJLQJKLV\DFKWKLPVHOIWKHRQO\WKLQJWKH
EXLOGHUFRXOGREOLJHKLPLQZRXOGEHWRFRQWULYHDVRUWRI
VHFUHWFORVHWLQWKHFDELQDWKLVEHG
VKHDGWKHFORVHWWR
FRQWDLQWKUHHGLYLVLRQVVRFRQVWUXFWHGDVWREHFRQFHDOHG
IURPDOOEXWKLPVHOI7KHEXLOGHUFKHHUIXOO\XQGHUWRRNWKH
FRPPLVVLRQDQGSURPLVHGWRKDYHWKHVHVHFUHWSODFHV
FRPSOHWHGE\WKHQH[WGD\'DQWHVIXUQLVKLQJWKHGLPHQVLRQV
DQGSODQLQDFFRUGDQFHZLWKZKLFKWKH\ZHUHWREH
FRQVWUXFWHG
7KHIROORZLQJGD\'DQWHVVDLOHGZLWKKLV\DFKWIURP*HQRD
XQGHUWKHLQVSHFWLRQRIDQLPPHQVHFURZGGUDZQWRJHWKHUE\
FXULRVLW\WRVHHWKHULFK6SDQLVKQREOHPDQZKRSUHIHUUHG
PDQDJLQJKLVRZQ\DFKW%XWWKHLUZRQGHUZDVVRRQFKDQJHGWR
DGPLUDWLRQDWVHHLQJWKHSHUIHFWVNLOOZLWKZKLFK'DQWHV
KDQGOHGWKHKHOP7KHERDWLQGHHGVHHPHGWREHDQLPDWHG
ZLWKDOPRVWKXPDQLQWHOOLJHQFHVRSURPSWO\GLGLWREH\WKH

263

VOLJKWHVWWRXFKDQG'DQWHVUHTXLUHGEXWDVKRUWWULDORI
KLVEHDXWLIXOFUDIWWRDFNQRZOHGJHWKDWWKH*HQRHVHKDGQRW
ZLWKRXWUHDVRQDWWDLQHGWKHLUKLJKUHSXWDWLRQLQWKHDUWRI
VKLSEXLOGLQJ7KHVSHFWDWRUVIROORZHGWKHOLWWOHYHVVHOZLWK
WKHLUH\HVDVORQJDVLWUHPDLQHGYLVLEOHWKH\WKHQWXUQHG
WKHLUFRQMHFWXUHVXSRQKHUSUREDEOHGHVWLQDWLRQ6RPH
LQVLVWHGVKHZDVPDNLQJIRU&RUVLFDRWKHUVWKH,VODQGRI
(OEDEHWVZHUHRIIHUHGWRDQ\DPRXQWWKDWVKHZDVERXQGIRU
6SDLQZKLOH$IULFDZDVSRVLWLYHO\UHSRUWHGE\PDQ\SHUVRQV
DVKHULQWHQGHGFRXUVHEXWQRRQHWKRXJKWRI0RQWH&ULVWR
<HWWKLWKHULWZDVWKDW'DQWHVJXLGHGKLVYHVVHODQGDW
0RQWH&ULVWRKHDUULYHGDWWKHFORVHRIWKHVHFRQGGD\KLV
ERDWKDGSURYHGKHUVHOIDILUVWFODVVVDLOHUDQGKDGFRPH
WKHGLVWDQFHIURP*HQRDLQWKLUW\ILYHKRXUV'DQWHVKDG
FDUHIXOO\QRWHGWKHJHQHUDODSSHDUDQFHRIWKHVKRUHDQG
LQVWHDGRIODQGLQJDWWKHXVXDOSODFHKHGURSSHGDQFKRULQ
WKHOLWWOHFUHHN7KHLVODQGZDVXWWHUO\GHVHUWHGDQGERUH
QRHYLGHQFHRIKDYLQJEHHQYLVLWHGVLQFHKHZHQWDZD\KLV
WUHDVXUHZDVMXVWDVKHKDGOHIWLW(DUO\RQWKHIROORZLQJ
PRUQLQJKHFRPPHQFHGWKHUHPRYDORIKLVULFKHVDQGHUH
QLJKWIDOOWKHZKROHRIKLVLPPHQVHZHDOWKZDVVDIHO\
GHSRVLWHGLQWKHFRPSDUWPHQWVRIWKHVHFUHWORFNHU
$ZHHNSDVVHGE\'DQWHVHPSOR\HGLWLQPDQRHXYULQJKLV
\DFKWURXQGWKHLVODQGVWXG\LQJLWDVDVNLOIXOKRUVHPDQ
ZRXOGWKHDQLPDOKHGHVWLQHGIRUVRPHLPSRUWDQWVHUYLFH
WLOODWWKHHQGRIWKDWWLPHKHZDVSHUIHFWO\FRQYHUVDQW
ZLWKLWVJRRGDQGEDGTXDOLWLHV7KHIRUPHU'DQWHVSURSRVHG
WRDXJPHQWWKHODWWHUWRUHPHG\
8SRQWKHHLJKWKGD\KHGLVFHUQHGDVPDOOYHVVHOXQGHUIXOO
VDLODSSURDFKLQJ0RQWH&ULVWR$VLWGUHZQHDUKH
UHFRJQL]HGLWDVWKHERDWKHKDGJLYHQWR-DFRSR+H
LPPHGLDWHO\VLJQDOOHGLW+LVVLJQDOZDVUHWXUQHGDQGLQ
WZRKRXUVDIWHUZDUGVWKHQHZFRPHUOD\DWDQFKRUEHVLGHWKH
\DFKW$PRXUQIXODQVZHUDZDLWHGHDFKRI(GPRQG
VHDJHU
LQTXLULHVDVWRWKHLQIRUPDWLRQ-DFRSRKDGREWDLQHG2OG
'DQWHVZDVGHDGDQG0HUFHGHVKDGGLVDSSHDUHG'DQWHV
OLVWHQHGWRWKHVHPHODQFKRO\WLGLQJVZLWKRXWZDUGFDOPQHVV
EXWOHDSLQJOLJKWO\DVKRUHKHVLJQLILHGKLVGHVLUHWREH
TXLWHDORQH,QDFRXSOHRIKRXUVKHUHWXUQHG7ZRRIWKH
PHQIURP-DFRSR
VERDWFDPHRQERDUGWKH\DFKWWRDVVLVWLQ
QDYLJDWLQJLWDQGKHJDYHRUGHUVWKDWVKHVKRXOGEHVWHHUHG
GLUHFWWR0DUVHLOOHV)RUKLVIDWKHU
VGHDWKKHZDVLQVRPH

264

PDQQHUSUHSDUHGEXWKHNQHZQRWKRZWRDFFRXQWIRUWKH
P\VWHULRXVGLVDSSHDUDQFHRI0HUFHGHV
:LWKRXWGLYXOJLQJKLVVHFUHW'DQWHVFRXOGQRWJLYH
VXIILFLHQWO\FOHDULQVWUXFWLRQVWRDQDJHQW7KHUHZHUH
EHVLGHVRWKHUSDUWLFXODUVKHZDVGHVLURXVRIDVFHUWDLQLQJ
DQGWKRVHZHUHRIDQDWXUHKHDORQHFRXOGLQYHVWLJDWHLQD
PDQQHUVDWLVIDFWRU\WRKLPVHOI+LVORRNLQJJODVVKDG
DVVXUHGKLPGXULQJKLVVWD\DW/HJKRUQWKDWKHUDQQRULVN
RIUHFRJQLWLRQPRUHRYHUKHKDGQRZWKHPHDQVRIDGRSWLQJ
DQ\GLVJXLVHKHWKRXJKWSURSHU2QHILQHPRUQLQJWKHQKLV
\DFKWIROORZHGE\WKHOLWWOHILVKLQJERDWEROGO\HQWHUHG
WKHSRUWRI0DUVHLOOHVDQGDQFKRUHGH[DFWO\RSSRVLWHWKH
VSRWIURPZKHQFHRQWKHQHYHUWREHIRUJRWWHQQLJKWRIKLV
GHSDUWXUHIRUWKH&KDWHDXG
,IKHKDGEHHQSXWRQERDUGWKH
ERDWGHVWLQHGWRFRQYH\KLPWKLWKHU6WLOO'DQWHVFRXOGQRW
YLHZZLWKRXWDVKXGGHUWKHDSSURDFKRIDJHQGDUPHZKR
DFFRPSDQLHGWKHRIILFHUVGHSXWHGWRGHPDQGKLVELOORI
KHDOWKHUHWKH\DFKWZDVSHUPLWWHGWRKROGFRPPXQLFDWLRQ
ZLWKWKHVKRUHEXWZLWKWKDWSHUIHFWVHOISRVVHVVLRQKHKDG
DFTXLUHGGXULQJKLVDFTXDLQWDQFHZLWK)DULD'DQWHVFRROO\
SUHVHQWHGDQ(QJOLVKSDVVSRUWKHKDGREWDLQHGIURP/HJKRUQ
DQGDVWKLVJDYHKLPDVWDQGLQJZKLFKD)UHQFKSDVVSRUW
ZRXOGQRWKDYHDIIRUGHGKHZDVLQIRUPHGWKDWWKHUHH[LVWHG
QRREVWDFOHWRKLVLPPHGLDWHGHEDUNDWLRQ
7KHILUVWSHUVRQWRDWWUDFWWKHDWWHQWLRQRI'DQWHVDVKH
ODQGHGRQWKH&DQHELHUHZDVRQHRIWKHFUHZEHORQJLQJWR
WKH3KDUDRQ(GPRQGZHOFRPHGWKHPHHWLQJZLWKWKLVIHOORZ
ZKRKDGEHHQRQHRIKLVRZQVDLORUVDVDVXUHPHDQVRI
WHVWLQJWKHH[WHQWRIWKHFKDQJHZKLFKWLPHKDGZRUNHGLQ
KLVRZQDSSHDUDQFH*RLQJVWUDLJKWWRZDUGVKLPKH
SURSRXQGHGDYDULHW\RITXHVWLRQVRQGLIIHUHQWVXEMHFWV
FDUHIXOO\ZDWFKLQJWKHPDQ
VFRXQWHQDQFHDVKHGLGVREXW
QRWDZRUGRUORRNLPSOLHGWKDWKHKDGWKHVOLJKWHVWLGHDRI
HYHUKDYLQJVHHQEHIRUHWKHSHUVRQZLWKZKRPKHZDVWKHQ
FRQYHUVLQJ*LYLQJWKHVDLORUDSLHFHRIPRQH\LQUHWXUQIRU
KLVFLYLOLW\'DQWHVSURFHHGHGRQZDUGVEXWHUHKHKDGJRQH
PDQ\VWHSVKHKHDUGWKHPDQORXGO\FDOOLQJKLPWRVWRS
'DQWHVLQVWDQWO\WXUQHGWRPHHWKLP,EHJ\RXUSDUGRQ
VLUVDLGWKHKRQHVWIHOORZLQDOPRVWEUHDWKOHVVKDVWH
EXW,EHOLHYH\RXPDGHDPLVWDNH\RXLQWHQGHGWRJLYHPHD
WZRIUDQFSLHFHDQGVHH\RXJDYHPHDGRXEOH1DSROHRQ

265

7KDQN\RXP\JRRGIULHQG,VHHWKDW,KDYHPDGHD
WULIOLQJPLVWDNHDV\RXVD\EXWE\ZD\RIUHZDUGLQJ\RXU
KRQHVW\,JLYH\RXDQRWKHUGRXEOH1DSROHRQWKDW\RXPD\
GULQNWRP\KHDOWKDQGEHDEOHWRDVN\RXUPHVVPDWHVWR
MRLQ\RX
6RH[WUHPHZDVWKHVXUSULVHRIWKHVDLORUWKDWKHZDV
XQDEOHHYHQWRWKDQN(GPRQGZKRVHUHFHGLQJILJXUHKH
FRQWLQXHGWRJD]HDIWHULQVSHHFKOHVVDVWRQLVKPHQW6RPH
QDEREIURP,QGLDZDVKLVFRPPHQW
'DQWHVPHDQZKLOHZHQWRQKLVZD\(DFKVWHSKHWURG
RSSUHVVHGKLVKHDUWZLWKIUHVKHPRWLRQKLVILUVWDQGPRVW
LQGHOLEOHUHFROOHFWLRQVZHUHWKHUHQRWDWUHHQRWD
VWUHHWWKDWKHSDVVHGEXWVHHPHGILOOHGZLWKGHDUDQG
FKHULVKHGPHPRULHV$QGWKXVKHSURFHHGHGRQZDUGVWLOOKH
DUULYHGDWWKHHQGRIWKH5XHGH1RDLOOHVIURPZKHQFHD
IXOOYLHZRIWKH$OOHHVGH0HLOODQZDVREWDLQHG$WWKLV
VSRWVRSUHJQDQWZLWKIRQGDQGILOLDOUHPHPEUDQFHVKLV
KHDUWEHDWDOPRVWWREXUVWLQJKLVNQHHVWRWWHUHGXQGHUKLP
DPLVWIORDWHGRYHUKLVVLJKWDQGKDGKHQRWFOXQJIRU
VXSSRUWWRRQHRIWKHWUHHVKHZRXOGLQHYLWDEO\KDYHIDOOHQ
WRWKHJURXQGDQGEHHQFUXVKHGEHQHDWKWKHPDQ\YHKLFOHV
FRQWLQXDOO\SDVVLQJWKHUH5HFRYHULQJKLPVHOIKRZHYHUKH
ZLSHGWKHSHUVSLUDWLRQIURPKLVEURZVDQGVWRSSHGQRWDJDLQ
WLOOKHIRXQGKLPVHOIDWWKHGRRURIWKHKRXVHLQZKLFKKLV
IDWKHUKDGOLYHG
7KHQDVWXUWLXPVDQGRWKHUSODQWVZKLFKKLVIDWKHUKDG
GHOLJKWHGWRWUDLQEHIRUHKLVZLQGRZKDGDOOGLVDSSHDUHG
IURPWKHXSSHUSDUWRIWKHKRXVH/HDQLQJDJDLQVWWKHWUHH
KHJD]HGWKRXJKWIXOO\IRUDWLPHDWWKHXSSHUVWRULHVRIWKH
VKDEE\OLWWOHKRXVH7KHQKHDGYDQFHGWRWKHGRRUDQGDVNHG
ZKHWKHUWKHUHZHUHDQ\URRPVWREHOHW7KRXJKDQVZHUHGLQ
WKHQHJDWLYHKHEHJJHGVRHDUQHVWO\WREHSHUPLWWHGWR
YLVLWWKRVHRQWKHILIWKIORRUWKDWLQGHVSLWHRIWKH
RIWUHSHDWHGDVVXUDQFHRIWKHFRQFLHUJHWKDWWKH\ZHUH
RFFXSLHG'DQWHVVXFFHHGHGLQLQGXFLQJWKHPDQWRJRXSWR
WKHWHQDQWVDQGDVNSHUPLVVLRQIRUDJHQWOHPDQWREH
DOORZHGWRORRNDWWKHP
7KHWHQDQWVRIWKHKXPEOHORGJLQJZHUHD\RXQJFRXSOHZKR
KDGEHHQVFDUFHO\PDUULHGDZHHNDQGVHHLQJWKHP'DQWHV
VLJKHGKHDYLO\1RWKLQJLQWKHWZRVPDOOFKDPEHUVIRUPLQJ

266

WKHDSDUWPHQWVUHPDLQHGDVLWKDGEHHQLQWKHWLPHRIWKH
HOGHU'DQWHVWKHYHU\SDSHUZDVGLIIHUHQWZKLOHWKH
DUWLFOHVRIDQWLTXDWHGIXUQLWXUHZLWKZKLFKWKHURRPVKDG
EHHQILOOHGLQ(GPRQG
VWLPHKDGDOOGLVDSSHDUHGWKHIRXU
ZDOOVDORQHUHPDLQHGDVKHKDGOHIWWKHP7KHEHGEHORQJLQJ
WRWKHSUHVHQWRFFXSDQWVZDVSODFHGDVWKHIRUPHURZQHURI
WKHFKDPEHUKDGEHHQDFFXVWRPHGWRKDYHKLVDQGLQVSLWH
RIKLVHIIRUWVWRSUHYHQWLWWKHH\HVRI(GPRQGZHUH
VXIIXVHGLQWHDUVDVKHUHIOHFWHGWKDWRQWKDWVSRWWKHROG
PDQKDGEUHDWKHGKLVODVWYDLQO\FDOOLQJIRUKLVVRQ7KH
\RXQJFRXSOHJD]HGZLWKDVWRQLVKPHQWDWWKHVLJKWRIWKHLU
YLVLWRU
VHPRWLRQDQGZRQGHUHGWRVHHWKHODUJHWHDUV
VLOHQWO\FKDVLQJHDFKRWKHUGRZQKLVRWKHUZLVHVWHUQDQG
LPPRYDEOHIHDWXUHVEXWWKH\IHOWWKHVDFUHGQHVVRIKLV
JULHIDQGNLQGO\UHIUDLQHGIURPTXHVWLRQLQJKLPDVWRLWV
FDXVHZKLOHZLWKLQVWLQFWLYHGHOLFDF\WKH\OHIWKLPWR
LQGXOJHKLVVRUURZDORQH:KHQKHZLWKGUHZIURPWKHVFHQHRI
KLVSDLQIXOUHFROOHFWLRQVWKH\ERWKDFFRPSDQLHGKLP
GRZQVWDLUVUHLWHUDWLQJWKHLUKRSHWKDWKHZRXOGFRPHDJDLQ
ZKHQHYHUKHSOHDVHGDQGDVVXULQJKLPWKDWWKHLUSRRU
GZHOOLQJZRXOGHYHUEHRSHQWRKLP$V(GPRQGSDVVHGWKH
GRRURQWKHIRXUWKIORRUKHSDXVHGWRLQTXLUHZKHWKHU
&DGHURXVVHWKHWDLORUVWLOOGZHOWWKHUHEXWKHUHFHLYHG
IRUUHSO\WKDWWKHSHUVRQLQTXHVWLRQKDGJRWLQWR
GLIILFXOWLHVDQGDWWKHSUHVHQWWLPHNHSWDVPDOOLQQRQ
WKHURXWHIURP%HOOHJDUGHWR%HDXFDLUH
+DYLQJREWDLQHGWKHDGGUHVVRIWKHSHUVRQWRZKRPWKHKRXVH
LQWKH$OOHHVGH0HLOODQEHORQJHG'DQWHVQH[WSURFHHGHG
WKLWKHUDQGXQGHUWKHQDPHRI/RUG:LOPRUH WKHQDPHDQG
WLWOHLQVFULEHGRQKLVSDVVSRUW SXUFKDVHGWKHVPDOO
GZHOOLQJIRUWKHVXPRIWZHQW\ILYHWKRXVDQGIUDQFVDW
OHDVWWHQWKRXVDQGPRUHWKDQLWZDVZRUWKEXWKDGLWVRZQHU
DVNHGKDOIDPLOOLRQLWZRXOGXQKHVLWDWLQJO\KDYHEHHQ
JLYHQ7KHYHU\VDPHGD\WKHRFFXSDQWVRIWKHDSDUWPHQWVRQ
WKHILIWKIORRURIWKHKRXVHQRZEHFRPHWKHSURSHUW\RI
'DQWHVZHUHGXO\LQIRUPHGE\WKHQRWDU\ZKRKDGDUUDQJHG
WKHQHFHVVDU\WUDQVIHURIGHHGVHWFWKDWWKHQHZODQGORUG
JDYHWKHPWKHLUFKRLFHRIDQ\RIWKHURRPVLQWKHKRXVH
ZLWKRXWWKHOHDVWDXJPHQWDWLRQRIUHQWXSRQFRQGLWLRQRI
WKHLUJLYLQJLQVWDQWSRVVHVVLRQRIWKHWZRVPDOOFKDPEHUV
WKH\DWSUHVHQWLQKDELWHG
7KLVVWUDQJHHYHQWDURXVHGJUHDWZRQGHUDQGFXULRVLW\LQWKH

267

QHLJKERUKRRGRIWKH$OOHHVGH0HLOODQDQGDPXOWLWXGHRI
WKHRULHVZHUHDIORDWQRQHRIZKLFKZDVDQ\ZKHUHQHDUWKH
WUXWK%XWZKDWUDLVHGSXEOLFDVWRQLVKPHQWWRDFOLPD[DQG
VHWDOOFRQMHFWXUHDWGHILDQFHZDVWKHNQRZOHGJHWKDWWKH
VDPHVWUDQJHUZKRKDGLQWKHPRUQLQJYLVLWHGWKH$OOHHVGH
0HLOODQKDGEHHQVHHQLQWKHHYHQLQJZDONLQJLQWKHOLWWOH
YLOODJHRIWKH&DWDODQVDQGDIWHUZDUGVREVHUYHGWRHQWHUD
SRRUILVKHUPDQ
VKXWDQGWRSDVVPRUHWKDQDQKRXULQ
LQTXLULQJDIWHUSHUVRQVZKRKDGHLWKHUEHHQGHDGRUJRQH
DZD\IRUPRUHWKDQILIWHHQRUVL[WHHQ\HDUV%XWRQWKH
IROORZLQJGD\WKHIDPLO\IURPZKRPDOOWKHVHSDUWLFXODUVKDG
EHHQDVNHGUHFHLYHGDKDQGVRPHSUHVHQWFRQVLVWLQJRIDQ
HQWLUHO\QHZILVKLQJERDWZLWKWZRVHLQHVDQGDWHQGHU7KH
GHOLJKWHGUHFLSLHQWVRIWKHVHPXQLILFHQWJLIWVZRXOGJODGO\
KDYHSRXUHGRXWWKHLUWKDQNVWRWKHLUJHQHURXVEHQHIDFWRU
EXWWKH\KDGVHHQKLPXSRQTXLWWLQJWKHKXWPHUHO\JLYH
VRPHRUGHUVWRDVDLORUDQGWKHQVSULQJLQJOLJKWO\RQ
KRUVHEDFNOHDYH0DUVHLOOHVE\WKH3RUWHG
$L[

&KDSWHU
7KH3RQWGX*DUG,QQ
6XFKRIP\UHDGHUVDVKDYHPDGHDSHGHVWULDQH[FXUVLRQWR
WKHVRXWKRI)UDQFHPD\SHUFKDQFHKDYHQRWLFHGDERXWPLGZD\
EHWZHHQWKHWRZQRI%HDXFDLUHDQGWKHYLOODJHRI%HOOHJDUGH
DOLWWOHQHDUHUWRWKHIRUPHUWKDQWRWKHODWWHUD
VPDOOURDGVLGHLQQIURPWKHIURQWRIZKLFKKXQJFUHDNLQJ
DQGIODSSLQJLQWKHZLQGDVKHHWRIWLQFRYHUHGZLWKD
JURWHVTXHUHSUHVHQWDWLRQRIWKH3RQWGX*DUG7KLVPRGHUQ
SODFHRIHQWHUWDLQPHQWVWRRGRQWKHOHIWKDQGVLGHRIWKH
SRVWURDGDQGEDFNHGXSRQWKH5KRQH,WDOVRERDVWHGRI
ZKDWLQ/DQJXHGRFLVVW\OHGDJDUGHQFRQVLVWLQJRIDVPDOO
SORWRIJURXQGRQWKHVLGHRSSRVLWHWRWKHPDLQHQWUDQFH
UHVHUYHGIRUWKHUHFHSWLRQRIJXHVWV$IHZGLQJ\ROLYHVDQG
VWXQWHGILJWUHHVVWUXJJOHGKDUGIRUH[LVWHQFHEXWWKHLU
ZLWKHUHGGXVW\IROLDJHDEXQGDQWO\SURYHGKRZXQHTXDOZDVWKH
FRQIOLFW%HWZHHQWKHVHVLFNO\VKUXEVJUHZDVFDQW\VXSSO\
RIJDUOLFWRPDWRHVDQGHVFKDORWVZKLOHORQHDQG
VROLWDU\OLNHDIRUJRWWHQVHQWLQHODWDOOSLQHUDLVHGLWV
PHODQFKRO\KHDGLQRQHRIWKHFRUQHUVRIWKLVXQDWWUDFWLYH
VSRWDQGGLVSOD\HGLWVIOH[LEOHVWHPDQGIDQVKDSHGVXPPLW
GULHGDQGFUDFNHGE\WKHILHUFHKHDWRIWKHVXEWURSLFDO

268

VXQ
,QWKHVXUURXQGLQJSODLQZKLFKPRUHUHVHPEOHGDGXVW\ODNH
WKDQVROLGJURXQGZHUHVFDWWHUHGDIHZPLVHUDEOHVWDONVRI
ZKHDWWKHHIIHFWQRGRXEWRIDFXULRXVGHVLUHRQWKHSDUW
RIWKHDJULFXOWXULVWVRIWKHFRXQWU\WRVHHZKHWKHUVXFKD
WKLQJDVWKHUDLVLQJRIJUDLQLQWKRVHSDUFKHGUHJLRQVZDV
SUDFWLFDEOH(DFKVWDONVHUYHGDVDSHUFKIRUDJUDVVKRSSHU
ZKLFKUHJDOHGWKHSDVVHUVE\WKURXJKWKLV(J\SWLDQVFHQH
ZLWKLWVVWULGHQWPRQRWRQRXVQRWH
)RUDERXWVHYHQRUHLJKW\HDUVWKHOLWWOHWDYHUQKDGEHHQ
NHSWE\DPDQDQGKLVZLIHZLWKWZRVHUYDQWVD
FKDPEHUPDLGQDPHG7ULQHWWHDQGDKRVWOHUFDOOHG3HFDXG
7KLVVPDOOVWDIIZDVTXLWHHTXDOWRDOOWKHUHTXLUHPHQWV
IRUDFDQDOEHWZHHQ%HDXFDLUHDQG$LJXHPRUWHVKDG
UHYROXWLRQL]HGWUDQVSRUWDWLRQE\VXEVWLWXWLQJERDWVIRUWKH
FDUWDQGWKHVWDJHFRDFK$QGDVWKRXJKWRDGGWRWKHGDLO\
PLVHU\ZKLFKWKLVSURVSHURXVFDQDOLQIOLFWHGRQWKH
XQIRUWXQDWHLQQNHHSHUZKRVHXWWHUUXLQLWZDVIDVW
DFFRPSOLVKLQJLWZDVVLWXDWHGEHWZHHQWKH5KRQHIURPZKLFK
LWKDGLWVVRXUFHDQGWKHSRVWURDGLWKDGGHSOHWHGQRWD
KXQGUHGVWHSVIURPWKHLQQRIZKLFKZHKDYHJLYHQDEULHI
EXWIDLWKIXOGHVFULSWLRQ
7KHLQQNHHSHUKLPVHOIZDVDPDQRIIURPIRUW\WRILIW\ILYH
\HDUVRIDJHWDOOVWURQJDQGERQ\DSHUIHFWVSHFLPHQRI
WKHQDWLYHVRIWKRVHVRXWKHUQODWLWXGHVKHKDGGDUN
VSDUNOLQJDQGGHHSVHWH\HVKRRNHGQRVHDQGWHHWKZKLWH
DVWKRVHRIDFDUQLYRURXVDQLPDOKLVKDLUOLNHKLVEHDUG
ZKLFKKHZRUHXQGHUKLVFKLQZDVWKLFNDQGFXUO\DQGLQ
VSLWHRIKLVDJHEXWVOLJKWO\LQWHUVSHUVHGZLWKDIHZ
VLOYHU\WKUHDGV+LVQDWXUDOO\GDUNFRPSOH[LRQKDGDVVXPHGD
VWLOOIXUWKHUVKDGHRIEURZQIURPWKHKDELWWKHXQIRUWXQDWH
PDQKDGDFTXLUHGRIVWDWLRQLQJKLPVHOIIURPPRUQLQJWLOOHYH
DWWKHWKUHVKROGRIKLVGRRURQWKHORRNRXWIRUJXHVWVZKR
VHOGRPFDPH\HWWKHUHKHVWRRGGD\DIWHUGD\H[SRVHGWR
WKHPHULGLRQDOUD\VRIDEXUQLQJVXQZLWKQRRWKHU
SURWHFWLRQIRUKLVKHDGWKDQDUHGKDQGNHUFKLHIWZLVWHG
DURXQGLWDIWHUWKHPDQQHURIWKH6SDQLVKPXOHWHHUV7KLV
PDQZDVRXUROGDFTXDLQWDQFH*DVSDUG&DGHURXVVH+LVZLIH
RQWKHFRQWUDU\ZKRVHPDLGHQQDPHKDGEHHQ0DGHOHLQH
5DGHOOHZDVSDOHPHDJUHDQGVLFNO\ORRNLQJ%RUQLQWKH
QHLJKERUKRRGRI$UOHVVKHKDGVKDUHGLQWKHEHDXW\IRU

269

ZKLFKLWVZRPHQDUHSURYHUELDOEXWWKDWEHDXW\KDG
JUDGXDOO\ZLWKHUHGEHQHDWKWKHGHYDVWDWLQJLQIOXHQFHRIWKH
VORZIHYHUVRSUHYDOHQWDPRQJGZHOOHUVE\WKHSRQGVRI
$LJXHPRUWHVDQGWKHPDUVKHVRI&DPDUJXH6KHUHPDLQHGQHDUO\
DOZD\VLQKHUVHFRQGIORRUFKDPEHUVKLYHULQJLQKHUFKDLU
RUVWUHWFKHGODQJXLGDQGIHHEOHRQKHUEHGZKLOHKHU
KXVEDQGNHSWKLVGDLO\ZDWFKDWWKHGRRUDGXW\KH
SHUIRUPHGZLWKVRPXFKWKHJUHDWHUZLOOLQJQHVVDVLWVDYHG
KLPWKHQHFHVVLW\RIOLVWHQLQJWRWKHHQGOHVVSODLQWVDQG
PXUPXUVRIKLVKHOSPDWHZKRQHYHUVDZKLPZLWKRXWEUHDNLQJ
RXWLQWRELWWHULQYHFWLYHVDJDLQVWIDWHWRDOORIZKLFKKHU
KXVEDQGZRXOGFDOPO\UHWXUQDQXQYDU\LQJUHSO\LQWKHVH
SKLORVRSKLFZRUGV
+XVK/D&DUFRQWH,WLV*RG
VSOHDVXUHWKDWWKLQJVVKRXOG
EHVR
7KHVREULTXHWRI/D&DUFRQWHKDGEHHQEHVWRZHGRQ0DGHOHLQH
5DGHOOHIURPWKHIDFWWKDWVKHKDGEHHQERUQLQDYLOODJH
VRFDOOHGVLWXDWHGEHWZHHQ6DORQDQG/DPEHVFDQGDVD
FXVWRPH[LVWHGDPRQJWKHLQKDELWDQWVRIWKDWSDUWRI)UDQFH
ZKHUH&DGHURXVVHOLYHGRIVW\OLQJHYHU\SHUVRQE\VRPH
SDUWLFXODUDQGGLVWLQFWLYHDSSHOODWLRQKHUKXVEDQGKDG
EHVWRZHGRQKHUWKHQDPHRI/D&DUFRQWHLQSODFHRIKHU
VZHHWDQGHXSKRQLRXVQDPHRI0DGHOHLQHZKLFKLQDOO
SUREDELOLW\KLVUXGHJXWWHUDOODQJXDJHZRXOGQRWKDYH
HQDEOHGKLPWRSURQRXQFH6WLOOOHWLWQRWEHVXSSRVHGWKDW
DPLGWKLVDIIHFWHGUHVLJQDWLRQWRWKHZLOORI3URYLGHQFH
WKHXQIRUWXQDWHLQQNHHSHUGLGQRWZULWKHXQGHUWKHGRXEOH
PLVHU\RIVHHLQJWKHKDWHIXOFDQDOFDUU\RIIKLVFXVWRPHUV
DQGKLVSURILWVDQGWKHGDLO\LQIOLFWLRQRIKLVSHHYLVK
SDUWQHU
VPXUPXUVDQGODPHQWDWLRQV
/LNHRWKHUGZHOOHUVLQWKHVRXWKKHZDVDPDQRIVREHU
KDELWVDQGPRGHUDWHGHVLUHVEXWIRQGRIH[WHUQDOVKRZ
YDLQDQGDGGLFWHGWRGLVSOD\'XULQJWKHGD\VRIKLV
SURVSHULW\QRWDIHVWLYLW\WRRNSODFHZLWKRXWKLPVHOIDQG
ZLIHEHLQJDPRQJWKHVSHFWDWRUV+HGUHVVHGLQWKH
SLFWXUHVTXHFRVWXPHZRUQXSRQJUDQGRFFDVLRQVE\WKH
LQKDELWDQWVRIWKHVRXWKRI)UDQFHEHDULQJHTXDO
UHVHPEODQFHWRWKHVW\OHDGRSWHGERWKE\WKH&DWDODQVDQG
$QGDOXVLDQVZKLOH/D&DUFRQWHGLVSOD\HGWKHFKDUPLQJ
IDVKLRQSUHYDOHQWDPRQJWKHZRPHQRI$UOHVDPRGHRIDWWLUH
ERUURZHGHTXDOO\IURP*UHHFHDQG$UDELD%XWE\GHJUHHV

270

ZDWFKFKDLQVQHFNODFHVSDUWLFRORUHGVFDUIVHPEURLGHUHG
ERGLFHVYHOYHWYHVWVHOHJDQWO\ZRUNHGVWRFNLQJVVWULSHG
JDLWHUVDQGVLOYHUEXFNOHVIRUWKHVKRHVDOOGLVDSSHDUHG
DQG*DVSDUG&DGHURXVVHXQDEOHWRDSSHDUDEURDGLQKLV
SULVWLQHVSOHQGRUKDGJLYHQXSDQ\IXUWKHUSDUWLFLSDWLRQLQ
WKHSRPSVDQGYDQLWLHVERWKIRUKLPVHOIDQGZLIHDOWKRXJK
DELWWHUIHHOLQJRIHQYLRXVGLVFRQWHQWILOOHGKLVPLQGDV
WKHVRXQGRIPLUWKDQGPHUU\PXVLFIURPWKHMR\RXVUHYHOOHUV
UHDFKHGHYHQWKHPLVHUDEOHKRVWHOU\WRZKLFKKHVWLOOFOXQJ
PRUHIRUWKHVKHOWHUWKDQWKHSURILWLWDIIRUGHG
&DGHURXVVHWKHQZDVDVXVXDODWKLVSODFHRIREVHUYDWLRQ
EHIRUHWKHGRRUKLVH\HVJODQFLQJOLVWOHVVO\IURPDSLHFH
RIFORVHO\VKDYHQJUDVVRQZKLFKVRPHIRZOVZHUH
LQGXVWULRXVO\WKRXJKIUXLWOHVVO\HQGHDYRULQJWRWXUQXS
VRPHJUDLQRULQVHFWVXLWHGWRWKHLUSDODWHWRWKH
GHVHUWHGURDGZKLFKOHGDZD\WRWKHQRUWKDQGVRXWKZKHQ
KHZDVDURXVHGE\WKHVKULOOYRLFHRIKLVZLIHDQG
JUXPEOLQJWRKLPVHOIDVKHZHQWKHPRXQWHGWRKHUFKDPEHU
ILUVWWDNLQJFDUHKRZHYHUWRVHWWKHHQWUDQFHGRRUZLGH
RSHQDVDQLQYLWDWLRQWRDQ\FKDQFHWUDYHOOHUZKRPLJKWEH
SDVVLQJ
$WWKHPRPHQW&DGHURXVVHTXLWWHGKLVVHQWU\OLNHZDWFK
EHIRUHWKHGRRUWKHURDGRQZKLFKKHVRHDJHUO\VWUDLQHG
KLVVLJKWZDVYRLGDQGORQHO\DVDGHVHUWDWPLGGD\7KHUH
LWOD\VWUHWFKLQJRXWLQWRRQHLQWHUPLQDEOHOLQHRIGXVWDQG
VDQGZLWKLWVVLGHVERUGHUHGE\WDOOPHDJUHWUHHV
DOWRJHWKHUSUHVHQWLQJVRXQLQYLWLQJDQDSSHDUDQFHWKDWQR
RQHLQKLVVHQVHVFRXOGKDYHLPDJLQHGWKDWDQ\WUDYHOOHUDW
OLEHUW\WRUHJXODWHKLVKRXUVIRUMRXUQH\LQJZRXOGFKRRVH
WRH[SRVHKLPVHOILQVXFKDIRUPLGDEOH6DKDUD1HYHUWKHOHVV
KDG&DGHURXVVHEXWUHWDLQHGKLVSRVWDIHZPLQXWHVORQJHU
KHPLJKWKDYHFDXJKWDGLPRXWOLQHRIVRPHWKLQJDSSURDFKLQJ
IURPWKHGLUHFWLRQRI%HOOHJDUGHDVWKHPRYLQJREMHFWGUHZ
QHDUHUKHZRXOGHDVLO\KDYHSHUFHLYHGWKDWLWFRQVLVWHGRI
DPDQDQGKRUVHEHWZHHQZKRPWKHNLQGHVWDQGPRVWDPLDEOH
XQGHUVWDQGLQJDSSHDUHGWRH[LVW7KHKRUVHZDVRI+XQJDULDQ
EUHHGDQGDPEOHGDORQJDWDQHDV\SDFH+LVULGHUZDVD
SULHVWGUHVVHGLQEODFNDQGZHDULQJDWKUHHFRUQHUHGKDW
DQGVSLWHRIWKHDUGHQWUD\VRIDQRRQGD\VXQWKHSDLU
FDPHRQZLWKDIDLUGHJUHHRIUDSLGLW\
+DYLQJDUULYHGEHIRUHWKH3RQWGX*DUGWKHKRUVHVWRSSHG

271

EXWZKHWKHUIRUKLVRZQSOHDVXUHRUWKDWRIKLVULGHUZRXOG
KDYHEHHQGLIILFXOWWRVD\+RZHYHUWKDWPLJKWKDYHEHHQ
WKHSULHVWGLVPRXQWLQJOHGKLVVWHHGE\WKHEULGOHLQ
VHDUFKRIVRPHSODFHWRZKLFKKHFRXOGVHFXUHKLP$YDLOLQJ
KLPVHOIRIDKDQGOHWKDWSURMHFWHGIURPDKDOIIDOOHQGRRU
KHWLHGWKHDQLPDOVDIHO\DQGKDYLQJGUDZQDUHGFRWWRQ
KDQGNHUFKLHIIURPKLVSRFNHWZLSHGDZD\WKHSHUVSLUDWLRQ
WKDWVWUHDPHGIURPKLVEURZWKHQDGYDQFLQJWRWKHGRRU
VWUXFNWKULFHZLWKWKHHQGRIKLVLURQVKRGVWLFN$WWKLV
XQXVXDOVRXQGDKXJHEODFNGRJFDPHUXVKLQJWRPHHWWKH
GDULQJDVVDLODQWRIKLVRUGLQDULO\WUDQTXLODERGHVQDUOLQJ
DQGGLVSOD\LQJKLVVKDUSZKLWHWHHWKZLWKDGHWHUPLQHG
KRVWLOLW\WKDWDEXQGDQWO\SURYHGKRZOLWWOHKHZDV
DFFXVWRPHGWRVRFLHW\$WWKDWPRPHQWDKHDY\IRRWVWHSZDV
KHDUGGHVFHQGLQJWKHZRRGHQVWDLUFDVHWKDWOHGIURPWKH
XSSHUIORRUDQGZLWKPDQ\ERZVDQGFRXUWHRXVVPLOHVPLQH
KRVWRIWKH3RQWGX*DUGEHVRXJKWKLVJXHVWWRHQWHU
<RXDUHZHOFRPHVLUPRVWZHOFRPHUHSHDWHGWKH
DVWRQLVKHG&DGHURXVVH1RZWKHQ0DUJRWLQFULHGKH
VSHDNLQJWRWKHGRJZLOO\RXEHTXLHW"3UD\GRQ
WKHHG
KLPVLUKHRQO\EDUNVKHQHYHUELWHV,PDNHQRGRXEW
DJODVVRIJRRGZLQHZRXOGEHDFFHSWDEOHWKLVGUHDGIXOO\KRW
GD\7KHQSHUFHLYLQJIRUWKHILUVWWLPHWKHJDUERIWKH
WUDYHOOHUKHKDGWRHQWHUWDLQ&DGHURXVVHKDVWLO\H[FODLPHG
$WKRXVDQGSDUGRQV,UHDOO\GLGQRWREVHUYHZKRP,KDGWKH
KRQRUWRUHFHLYHXQGHUP\SRRUURRI:KDWZRXOGWKHDEEH
SOHDVHWRKDYH":KDWUHIUHVKPHQWFDQ,RIIHU"$OO,KDYHLV
DWKLVVHUYLFH
7KHSULHVWJD]HGRQWKHSHUVRQDGGUHVVLQJKLPZLWKDORQJ
DQGVHDUFKLQJJD]HWKHUHHYHQVHHPHGDGLVSRVLWLRQRQKLV
SDUWWRFRXUWDVLPLODUVFUXWLQ\RQWKHSDUWRIWKH
LQQNHHSHUWKHQREVHUYLQJLQWKHFRXQWHQDQFHRIWKHODWWHU
QRRWKHUH[SUHVVLRQWKDQH[WUHPHVXUSULVHDWKLVRZQZDQWRI
DWWHQWLRQWRDQLQTXLU\VRFRXUWHRXVO\ZRUGHGKHGHHPHGLW
DVZHOOWRWHUPLQDWHWKLVGXPEVKRZDQGWKHUHIRUHVDLG
VSHDNLQJZLWKDVWURQJ,WDOLDQDFFHQW<RXDUH,SUHVXPH
0&DGHURXVVH"
<HVVLUDQVZHUHGWKHKRVWHYHQPRUHVXUSULVHGDWWKH
TXHVWLRQWKDQKHKDGEHHQE\WKHVLOHQFHZKLFKKDGSUHFHGHG
LW,DP*DVSDUG&DGHURXVVHDW\RXUVHUYLFH

272

*DVSDUG&DGHURXVVHUHMRLQHGWKHSULHVW<HV
&KULVWLDQDQGVXUQDPHDUHWKHVDPH<RXIRUPHUO\OLYHG,
EHOLHYHLQWKH$OOHHVGH0HLOODQRQWKHIRXUWKIORRU"
,GLG
$QG\RXIROORZHGWKHEXVLQHVVRIDWDLORU"
7UXH,ZDVDWDLORUWLOOWKHWUDGHIHOORII,WLVVRKRW
DW0DUVHLOOHVWKDWUHDOO\,EHOLHYHWKDWWKHUHVSHFWDEOH
LQKDELWDQWVZLOOLQWLPHJRZLWKRXWDQ\FORWKLQJZKDWHYHU
%XWWDONLQJRIKHDWLVWKHUHQRWKLQJ,FDQRIIHU\RXE\ZD\
RIUHIUHVKPHQW"
<HVOHWPHKDYHDERWWOHRI\RXUEHVWZLQHDQGWKHQZLWK
\RXUSHUPLVVLRQZHZLOOUHVXPHRXUFRQYHUVDWLRQIURPZKHUH
ZHOHIWRII
$V\RXSOHDVHVLUVDLG&DGHURXVVHZKRDQ[LRXVQRWWR
ORVHWKHSUHVHQWRSSRUWXQLW\RIILQGLQJDFXVWRPHUIRURQH
RIWKHIHZERWWOHVRI&DKRUVVWLOOUHPDLQLQJLQKLV
SRVVHVVLRQKDVWLO\UDLVHGDWUDSGRRULQWKHIORRURIWKH
DSDUWPHQWWKH\ZHUHLQZKLFKVHUYHGERWKDVSDUORUDQG
NLWFKHQ8SRQLVVXLQJIRUWKIURPKLVVXEWHUUDQHDQUHWUHDWDW
WKHH[SLUDWLRQRIILYHPLQXWHVKHIRXQGWKHDEEHVHDWHG
XSRQDZRRGHQVWRROOHDQLQJKLVHOERZRQDWDEOHZKLOH
0DUJRWLQZKRVHDQLPRVLW\VHHPHGDSSHDVHGE\WKHXQXVXDO
FRPPDQGRIWKHWUDYHOOHUIRUUHIUHVKPHQWVKDGFUHSWXSWR
KLPDQGKDGHVWDEOLVKHGKLPVHOIYHU\FRPIRUWDEO\EHWZHHQ
KLVNQHHVKLVORQJVNLQQ\QHFNUHVWLQJRQKLVODSZKLOH
KLVGLPH\HZDVIL[HGHDUQHVWO\RQWKHWUDYHOOHU
VIDFH
$UH\RXTXLWHDORQH"LQTXLUHGWKHJXHVWDV&DGHURXVVH
SODFHGEHIRUHKLPWKHERWWOHRIZLQHDQGDJODVV
4XLWHTXLWHDORQHUHSOLHGWKHPDQRUDWOHDVW
SUDFWLFDOO\VRIRUP\SRRUZLIHZKRLVWKHRQO\SHUVRQLQ
WKHKRXVHEHVLGHVP\VHOILVODLGXSZLWKLOOQHVVDQG
XQDEOHWRUHQGHUPHWKHOHDVWDVVLVWDQFHSRRUWKLQJ
<RXDUHPDUULHGWKHQ"VDLGWKHSULHVWZLWKDVKRZRI
LQWHUHVWJODQFLQJURXQGDVKHVSRNHDWWKHVFDQW\
IXUQLVKLQJVRIWKHDSDUWPHQW

273

$KVLUVDLG&DGHURXVVHZLWKDVLJKLWLVHDV\WR
SHUFHLYH,DPQRWDULFKPDQEXWLQWKLVZRUOGDPDQGRHV
QRWWKULYHWKHEHWWHUIRUEHLQJKRQHVW7KHDEEHIL[HGRQ
KLPDVHDUFKLQJSHQHWUDWLQJJODQFH
<HVKRQHVW,FDQFHUWDLQO\VD\WKDWPXFKIRUP\VHOI
FRQWLQXHGWKHLQQNHHSHUIDLUO\VXVWDLQLQJWKHVFUXWLQ\RI
WKHDEEH
VJD]H,FDQERDVWZLWKWUXWKRIEHLQJDQKRQHVW
PDQDQGFRQWLQXHGKHVLJQLILFDQWO\ZLWKDKDQGRQKLV
EUHDVWDQGVKDNLQJKLVKHDGWKDWLVPRUHWKDQHYHU\RQH
FDQVD\QRZDGD\V
6RPXFKWKHEHWWHUIRU\RXLIZKDW\RXDVVHUWEHWUXH
VDLGWKHDEEHIRU,DPILUPO\SHUVXDGHGWKDWVRRQHURU
ODWHUWKHJRRGZLOOEHUHZDUGHGDQGWKHZLFNHGSXQLVKHG
6XFKZRUGVDVWKRVHEHORQJWR\RXUSURIHVVLRQDQVZHUHG
&DGHURXVVHDQG\RXGRZHOOWRUHSHDWWKHPEXWDGGHGKH
ZLWKDELWWHUH[SUHVVLRQRIFRXQWHQDQFHRQHLVIUHHWR
EHOLHYHWKHPRUQRWDVRQHSOHDVHV
<RXDUHZURQJWRVSHDNWKXVVDLGWKHDEEHDQGSHUKDSV,
PD\LQP\RZQSHUVRQEHDEOHWRSURYHWR\RXKRZ
FRPSOHWHO\\RXDUHLQHUURU
:KDWPHDQ\RX"LQTXLUHG&DGHURXVVHZLWKDORRNRI
VXUSULVH
,QWKHILUVWSODFH,PXVWEHVDWLVILHGWKDW\RXDUHWKH
SHUVRQ,DPLQVHDUFKRI
:KDWSURRIVGR\RXUHTXLUH"
'LG\RXLQWKH\HDURUNQRZDQ\WKLQJRID\RXQJ
VDLORUQDPHG'DQWHV"
'DQWHV"'LG,NQRZSRRUGHDU(GPRQG":K\(GPRQG'DQWHVDQG
P\VHOIZHUHLQWLPDWHIULHQGVH[FODLPHG&DGHURXVVHZKRVH
FRXQWHQDQFHIOXVKHGGDUNO\DVKHFDXJKWWKHSHQHWUDWLQJJD]H
RIWKHDEEHIL[HGRQKLPZKLOHWKHFOHDUFDOPH\HRIWKH
TXHVWLRQHUVHHPHGWRGLODWHZLWKIHYHULVKVFUXWLQ\
<RXUHPLQGPHVDLGWKHSULHVWWKDWWKH\RXQJPDQ
FRQFHUQLQJZKRP,DVNHG\RXZDVVDLGWREHDUWKHQDPHRI

274

(GPRQG
6DLGWREHDUWKHQDPHUHSHDWHG&DGHURXVVHEHFRPLQJ
H[FLWHGDQGHDJHU:K\KHZDVVRFDOOHGDVWUXO\DV,
P\VHOIERUHWKHDSSHOODWLRQRI*DVSDUG&DGHURXVVHEXWWHOO
PH,SUD\ZKDWKDVEHFRPHRISRRU(GPRQG"'LG\RXNQRZ
KLP",VKHDOLYHDQGDWOLEHUW\",VKHSURVSHURXVDQG
KDSS\"
+HGLHGDPRUHZUHWFKHGKRSHOHVVKHDUWEURNHQSULVRQHU
WKDQWKHIHORQVZKRSD\WKHSHQDOW\RIWKHLUFULPHVDWWKH
JDOOH\VRI7RXORQ
$GHDGO\SDOORUIROORZHGWKHIOXVKRQWKHFRXQWHQDQFHRI
&DGHURXVVHZKRWXUQHGDZD\DQGWKHSULHVWVDZKLPZLSLQJ
WKHWHDUVIURPKLVH\HVZLWKWKHFRUQHURIWKHUHG
KDQGNHUFKLHIWZLVWHGURXQGKLVKHDG
3RRUIHOORZSRRUIHOORZPXUPXUHG&DGHURXVVH:HOO
WKHUHVLULVDQRWKHUSURRIWKDWJRRGSHRSOHDUHQHYHU
UHZDUGHGRQWKLVHDUWKDQGWKDWQRQHEXWWKHZLFNHG
SURVSHU$KFRQWLQXHG&DGHURXVVHVSHDNLQJLQWKHKLJKO\
FRORUHGODQJXDJHRIWKHVRXWKWKHZRUOGJURZVZRUVHDQG
ZRUVH:K\GRHVQRW*RGLIKHUHDOO\KDWHVWKHZLFNHGDV
KHLVVDLGWRGRVHQGGRZQEULPVWRQHDQGILUHDQGFRQVXPH
WKHPDOWRJHWKHU"
<RXVSHDNDVWKRXJK\RXKDGORYHGWKLV\RXQJ'DQWHV
REVHUYHGWKHDEEHZLWKRXWWDNLQJDQ\QRWLFHRIKLV
FRPSDQLRQ
VYHKHPHQFH
$QGVR,GLGUHSOLHG&DGHURXVVHWKRXJKRQFH,FRQIHVV
,HQYLHGKLPKLVJRRGIRUWXQH%XW,VZHDUWR\RXVLU,
VZHDUWR\RXE\HYHU\WKLQJDPDQKROGVGHDU,KDYHVLQFH
WKHQGHHSO\DQGVLQFHUHO\ODPHQWHGKLVXQKDSS\IDWH7KHUH
ZDVDEULHIVLOHQFHGXULQJZKLFKWKHIL[HGVHDUFKLQJH\H
RIWKHDEEHZDVHPSOR\HGLQVFUXWLQL]LQJWKHDJLWDWHG
IHDWXUHVRIWKHLQQNHHSHU
<RXNQHZWKHSRRUODGWKHQ"FRQWLQXHG&DGHURXVVH
,ZDVFDOOHGWRVHHKLPRQKLVG\LQJEHGWKDW,PLJKW
DGPLQLVWHUWRKLPWKHFRQVRODWLRQVRIUHOLJLRQ

275

$QGRIZKDWGLGKHGLH"DVNHG&DGHURXVVHLQDFKRNLQJ
YRLFH
2IZKDWWKLQN\RXGR\RXQJDQGVWURQJPHQGLHLQSULVRQ
ZKHQWKH\KDYHVFDUFHO\QXPEHUHGWKHLUWKLUWLHWK\HDU
XQOHVVLWEHRILPSULVRQPHQW"&DGHURXVVHZLSHGDZD\WKH
ODUJHEHDGVRISHUVSLUDWLRQWKDWJDWKHUHGRQKLVEURZ
%XWWKHVWUDQJHVWSDUWRIWKHVWRU\LVUHVXPHGWKHDEEH
WKDW'DQWHVHYHQLQKLVG\LQJPRPHQWVVZRUHE\KLV
FUXFLILHG5HGHHPHUWKDWKHZDVXWWHUO\LJQRUDQWRIWKH
FDXVHRIKLVGHWHQWLRQ
$QGVRKHZDVPXUPXUHG&DGHURXVVH+RZVKRXOGKHKDYH
EHHQRWKHUZLVH"$KVLUWKHSRRUIHOORZWROG\RXWKH
WUXWK
$QGIRUWKDWUHDVRQKHEHVRXJKWPHWRWU\DQGFOHDUXSD
P\VWHU\KHKDGQHYHUEHHQDEOHWRSHQHWUDWHDQGWRFOHDU
KLVPHPRU\VKRXOGDQ\IRXOVSRWRUVWDLQKDYHIDOOHQRQLW
$QGKHUHWKHORRNRIWKHDEEHEHFRPLQJPRUHDQGPRUHIL[HG
VHHPHGWRUHVWZLWKLOOFRQFHDOHGVDWLVIDFWLRQRQWKHJORRP\
GHSUHVVLRQZKLFKZDVUDSLGO\VSUHDGLQJRYHUWKHFRXQWHQDQFH
RI&DGHURXVVH
$ULFK(QJOLVKPDQFRQWLQXHGWKHDEEHZKRKDGEHHQKLV
FRPSDQLRQLQPLVIRUWXQHEXWKDGEHHQUHOHDVHGIURPSULVRQ
GXULQJWKHVHFRQGUHVWRUDWLRQZDVSRVVHVVHGRIDGLDPRQGRI
LPPHQVHYDOXHWKLVMHZHOKHEHVWRZHGRQ'DQWHVXSRQKLPVHOI
TXLWWLQJWKHSULVRQDVDPDUNRIKLVJUDWLWXGHIRUWKH
NLQGQHVVDQGEURWKHUO\FDUHZLWKZKLFK'DQWHVKDGQXUVHGKLP
LQDVHYHUHLOOQHVVKHXQGHUZHQWGXULQJKLVFRQILQHPHQW
,QVWHDGRIHPSOR\LQJWKLVGLDPRQGLQDWWHPSWLQJWREULEHKLV
MDLOHUVZKRPLJKWRQO\KDYHWDNHQLWDQGWKHQEHWUD\HGKLP
WRWKHJRYHUQRU'DQWHVFDUHIXOO\SUHVHUYHGLWWKDWLQWKH
HYHQWRIKLVJHWWLQJRXWRISULVRQKHPLJKWKDYHZKHUHZLWKDO
WROLYHIRUWKHVDOHRIVXFKDGLDPRQGZRXOGKDYHTXLWH
VXIILFHGWRPDNHKLVIRUWXQH
7KHQ,VXSSRVHDVNHG&DGHURXVVHZLWKHDJHUJORZLQJ
ORRNVWKDWLWZDVDVWRQHRILPPHQVHYDOXH"
:K\HYHU\WKLQJLVUHODWLYHDQVZHUHGWKHDEEH7RRQHLQ

276

(GPRQG
VSRVLWLRQWKHGLDPRQGFHUWDLQO\ZDVRIJUHDWYDOXH
,WZDVHVWLPDWHGDWILIW\WKRXVDQGIUDQFV
%OHVVPHH[FODLPHG&DGHURXVVHILIW\WKRXVDQGIUDQFV
6XUHO\WKHGLDPRQGZDVDVODUJHDVDQXWWREHZRUWKDOO
WKDW
1RUHSOLHGWKHDEEHLWZDVQRWRIVXFKDVL]HDVWKDW
EXW\RXVKDOOMXGJHIRU\RXUVHOI,KDYHLWZLWKPH
7KHVKDUSJD]HRI&DGHURXVVHZDVLQVWDQWO\GLUHFWHGWRZDUGV
WKHSULHVW
VJDUPHQWVDVWKRXJKKRSLQJWRGLVFRYHUWKH
ORFDWLRQRIWKHWUHDVXUH&DOPO\GUDZLQJIRUWKIURPKLV
SRFNHWDVPDOOER[FRYHUHGZLWKEODFNVKDJUHHQWKHDEEH
RSHQHGLWDQGGLVSOD\HGWRWKHGD]]OHGH\HVRI&DGHURXVVH
WKHVSDUNOLQJMHZHOLWFRQWDLQHGVHWLQDULQJRIDGPLUDEOH
ZRUNPDQVKLS$QGWKDWGLDPRQGFULHG&DGHURXVVHDOPRVW
EUHDWKOHVVZLWKHDJHUDGPLUDWLRQ\RXVD\LVZRUWKILIW\
WKRXVDQGIUDQFV"
,WLVZLWKRXWWKHVHWWLQJZKLFKLVDOVRYDOXDEOH
UHSOLHGWKHDEEHDVKHFORVHGWKHER[DQGUHWXUQHGLWWR
KLVSRFNHWZKLOHLWVEULOOLDQWKXHVVHHPHGVWLOOWRGDQFH
EHIRUHWKHH\HVRIWKHIDVFLQDWHGLQQNHHSHU
%XWKRZFRPHVWKHGLDPRQGLQ\RXUSRVVHVVLRQVLU"'LG
(GPRQGPDNH\RXKLVKHLU"
1RPHUHO\KLVWHVWDPHQWDU\H[HFXWRUC,RQFHSRVVHVVHG
IRXUGHDUDQGIDLWKIXOIULHQGVEHVLGHVWKHPDLGHQWRZKRP,
ZDVEHWURWKHG
KHVDLGCDQG,IHHOFRQYLQFHGWKH\KDYHDOO
XQIHLJQHGO\JULHYHGRYHUP\ORVV7KHQDPHRIRQHRIWKH
IRXUIULHQGVLV&DGHURXVVH
7KHLQQNHHSHUVKLYHUHG
C$QRWKHURIWKHQXPEHU
FRQWLQXHGWKHDEEHZLWKRXW
VHHPLQJWRQRWLFHWKHHPRWLRQRI&DGHURXVVHCLVFDOOHG
'DQJODUVDQGWKHWKLUGLQVSLWHRIEHLQJP\ULYDO
HQWHUWDLQHGDYHU\VLQFHUHDIIHFWLRQIRUPH
$ILHQGLVK
VPLOHSOD\HGRYHUWKHIHDWXUHVRI&DGHURXVVHZKRZDVDERXW
WREUHDNLQXSRQWKHDEEH
VVSHHFKZKHQWKHODWWHUZDYLQJ
KLVKDQGVDLG$OORZPHWRILQLVKILUVWDQGWKHQLI\RX
KDYHDQ\REVHUYDWLRQVWRPDNH\RXFDQGRVRDIWHUZDUGV
C7KHWKLUGRIP\IULHQGVDOWKRXJKP\ULYDOZDVPXFK
DWWDFKHGWRPHKLVQDPHZDV)HUQDQGWKDWRIP\

277

EHWURWKHGZDV
6WD\VWD\FRQWLQXHGWKHDEEH,KDYH
IRUJRWWHQZKDWKHFDOOHGKHU
0HUFHGHVVDLG&DGHURXVVHHDJHUO\
7UXHVDLGWKHDEEHZLWKDVWLIOHGVLJK0HUFHGHVLW
ZDV
*RRQXUJHG&DGHURXVVH
%ULQJPHDFDUDIHRIZDWHUVDLGWKHDEEH
&DGHURXVVHTXLFNO\SHUIRUPHGWKHVWUDQJHU
VELGGLQJDQG
DIWHUSRXULQJVRPHLQWRDJODVVDQGVORZO\VZDOORZLQJLWV
FRQWHQWVWKHDEEHUHVXPLQJKLVXVXDOSODFLGLW\RIPDQQHU
VDLGDVKHSODFHGKLVHPSW\JODVVRQWKHWDEOH:KHUH
GLGZHOHDYHRII"
7KHQDPHRI(GPRQG
VEHWURWKHGZDV0HUFHGHV
7REHVXUHC<RXZLOOJRWR0DUVHLOOHV
VDLG'DQWHV
IRU\RXXQGHUVWDQG,UHSHDWKLVZRUGVMXVWDVKHXWWHUHG
WKHP'R\RXXQGHUVWDQG"
3HUIHFWO\
C<RXZLOOVHOOWKLVGLDPRQG\RXZLOOGLYLGHWKHPRQH\LQWR
ILYHHTXDOSDUWVDQGJLYHDQHTXDOSRUWLRQWRWKHVHJRRG
IULHQGVWKHRQO\SHUVRQVZKRKDYHORYHGPHXSRQHDUWK

%XWZK\LQWRILYHSDUWV"DVNHG&DGHURXVVH\RXRQO\
PHQWLRQHGIRXUSHUVRQV
%HFDXVHWKHILIWKLVGHDGDV,KHDU7KHILIWKVKDUHULQ
(GPRQG
VEHTXHVWZDVKLVRZQIDWKHU
7RRWUXHWRRWUXHHMDFXODWHG&DGHURXVVHDOPRVW
VXIIRFDWHGE\WKHFRQWHQGLQJSDVVLRQVZKLFKDVVDLOHGKLP
WKHSRRUROGPDQGLGGLH
,OHDUQHGVRPXFKDW0DUVHLOOHVUHSOLHGWKHDEEHPDNLQJ
DVWURQJHIIRUWWRDSSHDULQGLIIHUHQWEXWIURPWKHOHQJWK
RIWLPHWKDWKDVHODSVHGVLQFHWKHGHDWKRIWKHHOGHU
'DQWHV,ZDVXQDEOHWRREWDLQDQ\SDUWLFXODUVRIKLVHQG

278

&DQ\RXHQOLJKWHQPHRQWKDWSRLQW"
,GRQRWNQRZZKRFRXOGLI,FRXOGQRWVDLG&DGHURXVVH
:K\,OLYHGDOPRVWRQWKHVDPHIORRUZLWKWKHSRRUROG
PDQ$K\HVDERXWD\HDUDIWHUWKHGLVDSSHDUDQFHRIKLV
VRQWKHSRRUROGPDQGLHG
2IZKDWGLGKHGLH"
:K\WKHGRFWRUVFDOOHGKLVFRPSODLQWJDVWURHQWHULWLV,
EHOLHYHKLVDFTXDLQWDQFHVVD\KHGLHGRIJULHIEXW,ZKR
VDZKLPLQKLVG\LQJPRPHQWV,VD\KHGLHGRI
&DGHURXVVHSDXVHG
2IZKDW"DVNHGWKHSULHVWDQ[LRXVO\DQGHDJHUO\
:K\RIGRZQULJKWVWDUYDWLRQ
6WDUYDWLRQH[FODLPHGWKHDEEHVSULQJLQJIURPKLVVHDW
:K\WKHYLOHVWDQLPDOVDUHQRWVXIIHUHGWRGLHE\VXFKD
GHDWKDVWKDW7KHYHU\GRJVWKDWZDQGHUKRXVHOHVVDQG
KRPHOHVVLQWKHVWUHHWVILQGVRPHSLW\LQJKDQGWRFDVWWKHP
DPRXWKIXORIEUHDGDQGWKDWDPDQD&KULVWLDQVKRXOGEH
DOORZHGWRSHULVKRIKXQJHULQWKHPLGVWRIRWKHUPHQZKR
FDOOWKHPVHOYHV&KULVWLDQVLVWRRKRUULEOHIRUEHOLHI2K
LWLVLPSRVVLEOHXWWHUO\LPSRVVLEOH
:KDW,KDYHVDLG,KDYHVDLGDQVZHUHG&DGHURXVVH
$QG\RXDUHDIRROIRUKDYLQJVDLGDQ\WKLQJDERXWLWVDLG
DYRLFHIURPWKHWRSRIWKHVWDLUV:K\VKRXOG\RXPHGGOH
ZLWKZKDWGRHVQRWFRQFHUQ\RX"
7KHWZRPHQWXUQHGTXLFNO\DQGVDZWKHVLFNO\FRXQWHQDQFH
RI/D&DUFRQWHSHHULQJEHWZHHQWKHEDOXVWHUUDLOVDWWUDFWHG
E\WKHVRXQGRIYRLFHVVKHKDGIHHEO\GUDJJHGKHUVHOIGRZQ
WKHVWDLUVDQGVHDWHGRQWKHORZHUVWHSKHDGRQNQHHV
VKHKDGOLVWHQHGWRWKHIRUHJRLQJFRQYHUVDWLRQ0LQG\RXU
RZQEXVLQHVVZLIHUHSOLHG&DGHURXVVHVKDUSO\7KLV
JHQWOHPDQDVNVPHIRULQIRUPDWLRQZKLFKFRPPRQSROLWHQHVV
ZLOOQRWSHUPLWPHWRUHIXVH
3ROLWHQHVV\RXVLPSOHWRQUHWRUWHG/D&DUFRQWH:KDW
KDYH\RXWRGRZLWKSROLWHQHVV,VKRXOGOLNHWRNQRZ"

279

%HWWHUVWXG\DOLWWOHFRPPRQSUXGHQFH+RZGR\RXNQRZWKH
PRWLYHVWKDWSHUVRQPD\KDYHIRUWU\LQJWRH[WUDFWDOOKH
FDQIURP\RX"
,SOHGJH\RXP\ZRUGPDGDPVDLGWKHDEEHWKDWP\
LQWHQWLRQVDUHJRRGDQGWKDW\RXKXVEDQGFDQLQFXUQRULVN
SURYLGHGKHDQVZHUVPHFDQGLGO\
$KWKDW
VDOOYHU\ILQHUHWRUWHGWKHZRPDQ1RWKLQJLV
HDVLHUWKDQWREHJLQZLWKIDLUSURPLVHVDQGDVVXUDQFHVRI
QRWKLQJWRIHDUEXWZKHQSRRUVLOO\IRONVOLNHP\KXVEDQG
WKHUHKDYHEHHQSHUVXDGHGWRWHOODOOWKH\NQRZWKH
SURPLVHVDQGDVVXUDQFHVRIVDIHW\DUHTXLFNO\IRUJRWWHQDQG
DWVRPHPRPHQWZKHQQRERG\LVH[SHFWLQJLWEHKROGWURXEOH
DQGPLVHU\DQGDOOVRUWVRISHUVHFXWLRQVDUHKHDSHGRQWKH
XQIRUWXQDWHZUHWFKHVZKRFDQQRWHYHQVHHZKHQFHDOOWKHLU
DIIOLFWLRQVFRPH
1D\QD\P\JRRGZRPDQPDNH\RXUVHOISHUIHFWO\HDV\,
EHJRI\RX:KDWHYHUHYLOVPD\EHIDOO\RXWKH\ZLOOQRWEH
RFFDVLRQHGE\P\LQVWUXPHQWDOLW\WKDW,VROHPQO\SURPLVH
\RX
/D&DUFRQWHPXWWHUHGDIHZLQDUWLFXODWHZRUGVWKHQOHWKHU
KHDGDJDLQGURSXSRQKHUNQHHVDQGZHQWLQWRDILWRIDJXH
OHDYLQJWKHWZRVSHDNHUVWRUHVXPHWKHFRQYHUVDWLRQEXW
UHPDLQLQJVRDVWREHDEOHWRKHDUHYHU\ZRUGWKH\XWWHUHG
$JDLQWKHDEEHKDGEHHQREOLJHGWRVZDOORZDGUDXJKWRI
ZDWHUWRFDOPWKHHPRWLRQVWKDWWKUHDWHQHGWRRYHUSRZHUKLP
:KHQKHKDGVXIILFLHQWO\UHFRYHUHGKLPVHOIKHVDLG,W
DSSHDUVWKHQWKDWWKHPLVHUDEOHROGPDQ\RXZHUHWHOOLQJ
PHRIZDVIRUVDNHQE\HYHU\RQH6XUHO\KDGQRWVXFKEHHQ
WKHFDVHKHZRXOGQRWKDYHSHULVKHGE\VRGUHDGIXOD
GHDWK
:K\KHZDVQRWDOWRJHWKHUIRUVDNHQFRQWLQXHG&DGHURXVVH
IRU0HUFHGHVWKH&DWDODQDQG0RQVLHXU0RUUHOZHUHYHU\NLQG
WRKLPEXWVRPHKRZWKHSRRUROGPDQKDGFRQWUDFWHGD
SURIRXQGKDWUHGIRU)HUQDQGWKHYHU\SHUVRQDGGHG
&DGHURXVVHZLWKDELWWHUVPLOHWKDW\RXQDPHGMXVWQRZDV
EHLQJRQHRI'DQWHV
IDLWKIXODQGDWWDFKHGIULHQGV
$QGZDVKHQRWVR"DVNHGWKHDEEH

280

*DVSDUG*DVSDUGPXUPXUHGWKHZRPDQIURPKHUVHDWRQWKH
VWDLUVPLQGZKDW\RXDUHVD\LQJ&DGHURXVVHPDGHQRUHSO\
WRWKHVHZRUGVWKRXJKHYLGHQWO\LUULWDWHGDQGDQQR\HGE\
WKHLQWHUUXSWLRQEXWDGGUHVVLQJWKHDEEHVDLG&DQDPDQ
EHIDLWKIXOWRDQRWKHUZKRVHZLIHKHFRYHWVDQGGHVLUHVIRU
KLPVHOI"%XW'DQWHVZDVVRKRQRUDEOHDQGWUXHLQKLVRZQ
QDWXUHWKDWKHEHOLHYHGHYHU\ERG\
VSURIHVVLRQVRI
IULHQGVKLS3RRU(GPRQGKHZDVFUXHOO\GHFHLYHGEXWLWZDV
IRUWXQDWHWKDWKHQHYHUNQHZRUKHPLJKWKDYHIRXQGLWPRUH
GLIILFXOWZKHQRQKLVGHDWKEHGWRSDUGRQKLVHQHPLHV$QG
ZKDWHYHUSHRSOHPD\VD\FRQWLQXHG&DGHURXVVHLQKLV
QDWLYHODQJXDJHZKLFKZDVQRWDOWRJHWKHUGHYRLGRIUXGH
SRHWU\,FDQQRWKHOSEHLQJPRUHIULJKWHQHGDWWKHLGHDRI
WKHPDOHGLFWLRQRIWKHGHDGWKDQWKHKDWUHGRIWKHOLYLQJ
,PEHFLOHH[FODLPHG/D&DUFRQWH
'R\RXWKHQNQRZLQZKDWPDQQHU)HUQDQGLQMXUHG'DQWHV"
LQTXLUHGWKHDEEHRI&DGHURXVVH
'R,"1RRQHEHWWHU
6SHDNRXWWKHQVD\ZKDWLWZDV
*DVSDUGFULHG/D&DUFRQWHGRDV\RXZLOO\RXDUH
PDVWHUEXWLI\RXWDNHP\DGYLFH\RX
OOKROG\RXU
WRQJXH
:HOOZLIHUHSOLHG&DGHURXVVH,GRQ
WNQRZEXWZKDW
\RX
UHULJKW
6R\RXZLOOVD\QRWKLQJ"DVNHGWKHDEEH
:K\ZKDWJRRGZRXOGLWGR"DVNHG&DGHURXVVH,IWKHSRRU
ODGZHUHOLYLQJDQGFDPHWRPHDQGEHJJHGWKDW,ZRXOG
FDQGLGO\WHOOZKLFKZHUHKLVWUXHDQGZKLFKKLVIDOVH
IULHQGVZK\SHUKDSV,VKRXOGQRWKHVLWDWH%XW\RXWHOO
PHKHLVQRPRUHDQGWKHUHIRUHFDQKDYHQRWKLQJWRGRZLWK
KDWUHGRUUHYHQJHVROHWDOOVXFKIHHOLQJEHEXULHGZLWK
KLP
<RXSUHIHUWKHQVDLGWKHDEEHWKDW,VKRXOGEHVWRZRQ
PHQ\RXVD\DUHIDOVHDQGWUHDFKHURXVWKHUHZDUGLQWHQGHG
IRUIDLWKIXOIULHQGVKLS"

281

7KDWLVWUXHHQRXJKUHWXUQHG&DGHURXVVH<RXVD\WUXO\
WKHJLIWRISRRU(GPRQGZDVQRWPHDQWIRUVXFKWUDLWRUVDV
)HUQDQGDQG'DQJODUVEHVLGHVZKDWZRXOGLWEHWRWKHP"QR
PRUHWKDQDGURSRIZDWHULQWKHRFHDQ
5HPHPEHUFKLPHGLQ/D&DUFRQWHWKRVHWZRFRXOGFUXVK
\RXDWDVLQJOHEORZ
+RZVR"LQTXLUHGWKHDEEH$UHWKHVHSHUVRQVWKHQVR
ULFKDQGSRZHUIXO"
'R\RXQRWNQRZWKHLUKLVWRU\"
,GRQRW3UD\UHODWHLWWRPH&DGHURXVVHVHHPHGWR
UHIOHFWIRUDIHZPRPHQWVWKHQVDLG1RWUXO\LWZRXOG
WDNHXSWRRPXFKWLPH
:HOOP\JRRGIULHQGUHWXUQHGWKHDEEHLQDWRQHWKDW
LQGLFDWHGXWWHULQGLIIHUHQFHRQKLVSDUW\RXDUHDW
OLEHUW\HLWKHUWRVSHDNRUEHVLOHQWMXVWDV\RXSOHDVH
IRUP\RZQSDUW,UHVSHFW\RXUVFUXSOHVDQGDGPLUH\RXU
VHQWLPHQWVVROHWWKHPDWWHUHQG,VKDOOGRP\GXW\DV
FRQVFLHQWLRXVO\DV,FDQDQGIXOILOP\SURPLVHWRWKHG\LQJ
PDQ0\ILUVWEXVLQHVVZLOOEHWRGLVSRVHRIWKLVGLDPRQG
6RVD\LQJWKHDEEHDJDLQGUDZWKHVPDOOER[IURPKLV
SRFNHWRSHQHGLWDQGFRQWULYHGWRKROGLWLQVXFKDOLJKW
WKDWDEULJKWIODVKRIEULOOLDQWKXHVSDVVHGEHIRUHWKH
GD]]OHGJD]HRI&DGHURXVVH
:LIHZLIHFULHGKHLQDKRDUVHYRLFHFRPHKHUH
'LDPRQGH[FODLPHG/D&DUFRQWHULVLQJDQGGHVFHQGLQJWR
WKHFKDPEHUZLWKDWROHUDEO\ILUPVWHSZKDWGLDPRQGDUH
\RXWDONLQJDERXW"
:K\GLG\RXQRWKHDUDOOZHVDLG"LQTXLUHG&DGHURXVVH
,WLVDEHDXWLIXOGLDPRQGOHIWE\SRRU(GPRQG'DQWHVWREH
VROGDQGWKHPRQH\GLYLGHGEHWZHHQKLVIDWKHU0HUFHGHV
KLVEHWURWKHGEULGH)HUQDQG'DQJODUVDQGP\VHOI7KH
MHZHOLVZRUWKDWOHDVWILIW\WKRXVDQGIUDQFV
2KZKDWDPDJQLILFHQWMHZHOFULHGWKHDVWRQLVKHGZRPDQ

282

7KHILIWKSDUWRIWKHSURILWVIURPWKLVVWRQHEHORQJVWRXV
WKHQGRHVLWQRW"DVNHG&DGHURXVVH
,WGRHVUHSOLHGWKHDEEHZLWKWKHDGGLWLRQRIDQHTXDO
GLYLVLRQRIWKDWSDUWLQWHQGHGIRUWKHHOGHU'DQWHVZKLFK,
EHOLHYHP\VHOIDWOLEHUW\WRGLYLGHHTXDOO\ZLWKWKHIRXU
VXUYLYRUV
$QGZK\DPRQJXVIRXU"LQTXLUHG&DGHURXVVH
$VEHLQJWKHIULHQGV(GPRQGHVWHHPHGPRVWIDLWKIXODQG
GHYRWHGWRKLP
,GRQ
WFDOOWKRVHIULHQGVZKREHWUD\DQGUXLQ\RX
PXUPXUHGWKHZLIHLQKHUWXUQLQDORZPXWWHULQJYRLFH
2IFRXUVHQRWUHMRLQHG&DGHURXVVHTXLFNO\QRPRUHGR,
DQGWKDWZDVZKDW,ZDVREVHUYLQJWRWKLVJHQWOHPDQMXVW
QRZ,VDLG,ORRNHGXSRQLWDVDVDFULOHJLRXVSURIDQDWLRQ
WRUHZDUGWUHDFKHU\SHUKDSVFULPH
5HPHPEHUDQVZHUHGWKHDEEHFDOPO\DVKHUHSODFHGWKH
MHZHODQGLWVFDVHLQWKHSRFNHWRIKLVFDVVRFNLWLV\RXU
IDXOWQRWPLQHWKDW,GRVR<RXZLOOKDYHWKHJRRGQHVVWR
IXUQLVKPHZLWKWKHDGGUHVVRIERWK)HUQDQGDQG'DQJODUVLQ
RUGHUWKDW,PD\H[HFXWH(GPRQG
VODVWZLVKHV7KH
DJLWDWLRQRI&DGHURXVVHEHFDPHH[WUHPHDQGODUJHGURSVRI
SHUVSLUDWLRQUROOHGIURPKLVKHDWHGEURZ$VKHVDZWKHDEEH
ULVHIURPKLVVHDWDQGJRWRZDUGVWKHGRRUDVWKRXJKWR
DVFHUWDLQLIKLVKRUVHZHUHVXIILFLHQWO\UHIUHVKHGWR
FRQWLQXHKLVMRXUQH\&DGHURXVVHDQGKLVZLIHH[FKDQJHG
ORRNVRIGHHSPHDQLQJ
7KHUH\RXVHHZLIHVDLGWKHIRUPHUWKLVVSOHQGLG
GLDPRQGPLJKWDOOEHRXUVLIZHFKRVH
'R\RXEHOLHYHLW"
:K\VXUHO\DPDQRIKLVKRO\SURIHVVLRQZRXOGQRWGHFHLYH
XV
:HOOUHSOLHG/D&DUFRQWHGRDV\RXOLNH)RUP\SDUW,
ZDVKP\KDQGVRIWKHDIIDLU6RVD\LQJVKHRQFHPRUH
FOLPEHGWKHVWDLUFDVHOHDGLQJWRKHUFKDPEHUKHUERG\

283

FRQYXOVHGZLWKFKLOOVDQGKHUWHHWKUDWWOLQJLQKHUKHDG
LQVSLWHRIWKHLQWHQVHKHDWRIWKHZHDWKHU$UULYHGDWWKH
WRSVWDLUVKHWXUQHGURXQGDQGFDOOHGRXWLQDZDUQLQJ
WRQHWRKHUKXVEDQG*DVSDUGFRQVLGHUZHOOZKDW\RXDUH
DERXWWRGR
,KDYHERWKUHIOHFWHGDQGGHFLGHGDQVZHUHGKH/D
&DUFRQWHWKHQHQWHUHGKHUFKDPEHUWKHIORRULQJRIZKLFK
FUHDNHGEHQHDWKKHUKHDY\XQFHUWDLQWUHDGDVVKHSURFHHGHG
WRZDUGVKHUDUPFKDLULQWRZKLFKVKHIHOODVWKRXJK
H[KDXVWHG
:HOODVNHGWKHDEEHDVKHUHWXUQHGWRWKHDSDUWPHQW
EHORZZKDWKDYH\RXPDGHXS\RXUPLQGWRGR"
7RWHOO\RXDOO,NQRZZDVWKHUHSO\
,FHUWDLQO\WKLQN\RXDFWZLVHO\LQVRGRLQJVDLGWKH
SULHVW1RWEHFDXVH,KDYHWKHOHDVWGHVLUHWROHDUQ
DQ\WKLQJ\RXPD\SOHDVHWRFRQFHDOIURPPHEXWVLPSO\WKDW
LIWKURXJK\RXUDVVLVWDQFH,FRXOGGLVWULEXWHWKHOHJDF\
DFFRUGLQJWRWKHZLVKHVRIWKHWHVWDWRUZK\VRPXFKWKH
EHWWHUWKDWLVDOO
,KRSHLWPD\EHVRUHSOLHG&DGHURXVVHKLVIDFHIOXVKHG
ZLWKFXSLGLW\
,DPDOODWWHQWLRQVDLGWKHDEEH
6WRSDPLQXWHDQVZHUHG&DGHURXVVHZHPLJKWEH
LQWHUUXSWHGLQWKHPRVWLQWHUHVWLQJSDUWRIP\VWRU\ZKLFK
ZRXOGEHDSLW\DQGLWLVDVZHOOWKDW\RXUYLVLWKLWKHU
VKRXOGEHPDGHNQRZQRQO\WRRXUVHOYHV:LWKWKHVHZRUGVKH
ZHQWVWHDOWKLO\WRWKHGRRUZKLFKKHFORVHGDQGE\ZD\RI
VWLOOJUHDWHUSUHFDXWLRQEROWHGDQGEDUUHGLWDVKHZDV
DFFXVWRPHGWRGRDWQLJKW'XULQJWKLVWLPHWKHDEEHKDG
FKRVHQKLVSODFHIRUOLVWHQLQJDWKLVHDVH+HUHPRYHGKLV
VHDWLQWRDFRUQHURIWKHURRPZKHUHKHKLPVHOIZRXOGEHLQ
GHHSVKDGRZZKLOHWKHOLJKWZRXOGEHIXOO\WKURZQRQWKH
QDUUDWRUWKHQZLWKKHDGEHQWGRZQDQGKDQGVFODVSHGRU
UDWKHUFOLQFKHGWRJHWKHUKHSUHSDUHGWRJLYHKLVZKROH
DWWHQWLRQWR&DGHURXVVHZKRVHDWHGKLPVHOIRQWKHOLWWOH
VWRROH[DFWO\RSSRVLWHWRKLP

284

5HPHPEHUWKLVLVQRDIIDLURIPLQHVDLGWKHWUHPEOLQJ
YRLFHRI/D&DUFRQWHDVWKRXJKWKURXJKWKHIORRULQJRIKHU
FKDPEHUVKHYLHZHGWKHVFHQHWKDWZDVHQDFWLQJEHORZ
(QRXJKHQRXJKUHSOLHG&DGHURXVVHVD\QRPRUHDERXWLW
,ZLOOWDNHDOOWKHFRQVHTXHQFHVXSRQP\VHOI$QGKHEHJDQ
KLVVWRU\

&KDSWHU
7KH6WRU\
)LUVWVLUVDLG&DGHURXVVH\RXPXVWPDNHPHDSURPLVH
:KDWLVWKDW"LQTXLUHGWKHDEEH
:K\LI\RXHYHUPDNHXVHRIWKHGHWDLOV,DPDERXWWRJLYH
\RXWKDW\RXZLOOQHYHUOHWDQ\RQHNQRZWKDWLWZDV,ZKR
VXSSOLHGWKHPIRUWKHSHUVRQVRIZKRP,DPDERXWWRWDON
DUHULFKDQGSRZHUIXODQGLIWKH\RQO\ODLGWKHWLSVRI
WKHLUILQJHUVRQPH,VKRXOGEUHDNWRSLHFHVOLNHJODVV
0DNH\RXUVHOIHDV\P\IULHQGUHSOLHGWKHDEEH,DPD
SULHVWDQGFRQIHVVLRQVGLHLQP\EUHDVW5HFROOHFWRXU
RQO\GHVLUHLVWRFDUU\RXWLQDILWWLQJPDQQHUWKHODVW
ZLVKHVRIRXUIULHQG6SHDNWKHQZLWKRXWUHVHUYHDV
ZLWKRXWKDWUHGWHOOWKHWUXWKWKHZKROHWUXWK,GRQRW
NQRZQHYHUPD\NQRZWKHSHUVRQVRIZKRP\RXDUHDERXWWR
VSHDNEHVLGHV,DPDQ,WDOLDQDQGQRWD)UHQFKPDQDQG
EHORQJWR*RGDQGQRWWRPDQDQG,VKDOOVKRUWO\UHWLUHWR
P\FRQYHQWZKLFK,KDYHRQO\TXLWWHGWRIXOILOWKHODVW
ZLVKHVRIDG\LQJPDQ7KLVSRVLWLYHDVVXUDQFHVHHPHGWR
JLYH&DGHURXVVHDOLWWOHFRXUDJH
:HOOWKHQXQGHUWKHVHFLUFXPVWDQFHVVDLG&DGHURXVVH,
ZLOO,HYHQEHOLHYH,RXJKWWRXQGHFHLYH\RXDVWRWKH
IULHQGVKLSZKLFKSRRU(GPRQGWKRXJKWVRVLQFHUHDQG
XQTXHVWLRQDEOH
%HJLQZLWKKLVIDWKHULI\RXSOHDVHVDLGWKHDEEH
(GPRQGWDONHGWRPHDJUHDWGHDODERXWWKHROGPDQIRUZKRP
KHKDGWKHGHHSHVWORYH

285

7KHKLVWRU\LVDVDGRQHVLUVDLG&DGHURXVVHVKDNLQJ
KLVKHDGSHUKDSV\RXNQRZDOOWKHHDUOLHUSDUWRILW"
<HVDQVZHUHGWKHDEEH(GPRQGUHODWHGWRPHHYHU\WKLQJ
XQWLOWKHPRPHQWZKHQKHZDVDUUHVWHGLQDVPDOOFDEDUHW
FORVHWR0DUVHLOOHV
$W/D5HVHUYH2K\HV,FDQVHHLWDOOEHIRUHPHWKLV
PRPHQW
:DVLWQRWKLVEHWURWKDOIHDVW"
,WZDVDQGWKHIHDVWWKDWEHJDQVRJD\O\KDGDYHU\
VRUURZIXOHQGLQJDSROLFHFRPPLVVDU\IROORZHGE\IRXU
VROGLHUVHQWHUHGDQG'DQWHVZDVDUUHVWHG
<HVDQGXSWRWKLVSRLQW,NQRZDOOVDLGWKHSULHVW
'DQWHVKLPVHOIRQO\NQHZWKDWZKLFKSHUVRQDOO\FRQFHUQHG
KLPIRUKHQHYHUEHKHOGDJDLQWKHILYHSHUVRQV,KDYHQDPHG
WR\RXRUKHDUGPHQWLRQRIDQ\RQHRIWKHP
:HOOZKHQ'DQWHVZDVDUUHVWHG0RQVLHXU0RUUHOKDVWHQHGWR
REWDLQWKHSDUWLFXODUVDQGWKH\ZHUHYHU\VDG7KHROGPDQ
UHWXUQHGDORQHWRKLVKRPHIROGHGXSKLVZHGGLQJVXLWZLWK
WHDUVLQKLVH\HVDQGSDFHGXSDQGGRZQKLVFKDPEHUWKH
ZKROHGD\DQGZRXOGQRWJRWREHGDWDOOIRU,ZDV
XQGHUQHDWKKLPDQGKHDUGKLPZDONLQJWKHZKROHQLJKWDQG
IRUP\VHOI,DVVXUH\RX,FRXOGQRWVOHHSHLWKHUIRUWKH
JULHIRIWKHSRRUIDWKHUJDYHPHJUHDWXQHDVLQHVVDQGHYHU\
VWHSKHWRRNZHQWWRP\KHDUWDVUHDOO\DVLIKLVIRRWKDG
SUHVVHGDJDLQVWP\EUHDVW7KHQH[WGD\0HUFHGHVFDPHWR
LPSORUHWKHSURWHFWLRQRI0GH9LOOHIRUWVKHGLGQRW
REWDLQLWKRZHYHUDQGZHQWWRYLVLWWKHROGPDQZKHQVKH
VDZKLPVRPLVHUDEOHDQGKHDUWEURNHQKDYLQJSDVVHGD
VOHHSOHVVQLJKWDQGQRWWRXFKHGIRRGVLQFHWKHSUHYLRXV
GD\VKHZLVKHGKLPWRJRZLWKKHUWKDWVKHPLJKWWDNHFDUH
RIKLPEXWWKHROGPDQZRXOGQRWFRQVHQWC1R
ZDVWKHROG
PDQ
VUHSO\C,ZLOOQRWOHDYHWKLVKRXVHIRUP\SRRUGHDU
ER\ORYHVPHEHWWHUWKDQDQ\WKLQJLQWKHZRUOGDQGLIKH
JHWVRXWRISULVRQKHZLOOFRPHDQGVHHPHWKHILUVWWKLQJ
DQGZKDWZRXOGKHWKLQNLI,GLGQRWZDLWKHUHIRUKLP"
,
KHDUGDOOWKLVIURPWKHZLQGRZIRU,ZDVDQ[LRXVWKDW
0HUFHGHVVKRXOGSHUVXDGHWKHROGPDQWRDFFRPSDQ\KHUIRU
KLVIRRWVWHSVRYHUP\KHDGQLJKWDQGGD\GLGQRWOHDYHPHD

286

PRPHQW
VUHSRVH
%XWGLG\RXQRWJRXSVWDLUVDQGWU\WRFRQVROHWKHSRRU
ROGPDQ"DVNHGWKHDEEH
$KVLUUHSOLHG&DGHURXVVHZHFDQQRWFRQVROHWKRVHZKR
ZLOOQRWEHFRQVROHGDQGKHZDVRQHRIWKHVHEHVLGHV,
NQRZQRWZK\EXWKHVHHPHGWRGLVOLNHVHHLQJPH2QHQLJKW
KRZHYHU,KHDUGKLVVREVDQG,FRXOGQRWUHVLVWP\GHVLUH
WRJRXSWRKLPEXWZKHQ,UHDFKHGKLVGRRUKHZDVQR
ORQJHUZHHSLQJEXWSUD\LQJ,FDQQRWQRZUHSHDWWR\RXVLU
DOOWKHHORTXHQWZRUGVDQGLPSORULQJODQJXDJHKHPDGHXVH
RILWZDVPRUHWKDQSLHW\LWZDVPRUHWKDQJULHIDQG,
ZKRDPQRFDQWHUDQGKDWHWKH-HVXLWVVDLGWKHQWRP\VHOI
C,WLVUHDOO\ZHOODQG,DPYHU\JODGWKDW,KDYHQRWDQ\
FKLOGUHQIRULI,ZHUHDIDWKHUDQGIHOWVXFKH[FHVVLYH
JULHIDVWKHROGPDQGRHVDQGGLGQRWILQGLQP\PHPRU\RU
KHDUWDOOKHLVQRZVD\LQJ,VKRXOGWKURZP\VHOILQWRWKH
VHDDWRQFHIRU,FRXOGQRWEHDULW

3RRUIDWKHUPXUPXUHGWKHSULHVW
)URPGD\WRGD\KHOLYHGRQDORQHDQGPRUHDQGPRUH
VROLWDU\00RUUHODQG0HUFHGHVFDPHWRVHHKLPEXWKLV
GRRUZDVFORVHGDQGDOWKRXJK,ZDVFHUWDLQKHZDVDWKRPH
KHZRXOGQRWPDNHDQ\DQVZHU2QHGD\ZKHQFRQWUDU\WRKLV
FXVWRPKHKDGDGPLWWHG0HUFHGHVDQGWKHSRRUJLUOLQ
VSLWHRIKHURZQJULHIDQGGHVSDLUHQGHDYRUHGWRFRQVROH
KLPKHVDLGWRKHUC%HDVVXUHGP\GHDUGDXJKWHUKHLV
GHDGDQGLQVWHDGRIH[SHFWLQJKLPLWLVKHZKRLVDZDLWLQJ
XV,DPTXLWHKDSS\IRU,DPWKHROGHVWDQGRIFRXUVH
VKDOOVHHKLPILUVW
+RZHYHUZHOOGLVSRVHGDSHUVRQPD\EH
ZK\\RXVHHZHOHDYHRIIDIWHUDWLPHVHHLQJSHUVRQVZKRDUH
LQVRUURZWKH\PDNHRQHPHODQFKRO\DQGVRDWODVWROG
'DQWHVZDVOHIWDOOWRKLPVHOIDQG,RQO\VDZIURPWLPHWR
WLPHVWUDQJHUVJRXSWRKLPDQGFRPHGRZQDJDLQZLWKVRPH
EXQGOHWKH\WULHGWRKLGHEXW,JXHVVHGZKDWWKHVHEXQGOHV
ZHUHDQGWKDWKHVROGE\GHJUHHVZKDWKHKDGWRSD\IRUKLV
VXEVLVWHQFH$WOHQJWKWKHSRRUROGIHOORZUHDFKHGWKHHQG
RIDOOKHKDGKHRZHGWKUHHTXDUWHUV
UHQWDQGWKH\
WKUHDWHQHGWRWXUQKLPRXWKHEHJJHGIRUDQRWKHUZHHN
ZKLFKZDVJUDQWHGWRKLP,NQRZWKLVEHFDXVHWKHODQGORUG
FDPHLQWRP\DSDUWPHQWZKHQKHOHIWKLV)RUWKHILUVWWKUHH
GD\V,KHDUGKLPZDONLQJDERXWDVXVXDOEXWRQWKHIRXUWK

287

,KHDUGQRWKLQJ,WKHQUHVROYHGWRJRXSWRKLPDWDOO
ULVNV7KHGRRUZDVFORVHGEXW,ORRNHGWKURXJKWKH
NH\KROHDQGVDZKLPVRSDOHDQGKDJJDUGWKDWEHOLHYLQJKLP
YHU\LOO,ZHQWDQGWROG00RUUHODQGWKHQUDQRQWR
0HUFHGHV7KH\ERWKFDPHLPPHGLDWHO\00RUUHOEULQJLQJD
GRFWRUDQGWKHGRFWRUVDLGLWZDVLQIODPPDWLRQRIWKH
ERZHOVDQGRUGHUHGKLPDOLPLWHGGLHW,ZDVWKHUHWRR
DQG,QHYHUVKDOOIRUJHWWKHROGPDQ
VVPLOHDWWKLV
SUHVFULSWLRQ)URPWKDWWLPHKHUHFHLYHGDOOZKRFDPHKH
KDGDQH[FXVHIRUQRWHDWLQJDQ\PRUHWKHGRFWRUKDGSXW
KLPRQDGLHW7KHDEEHXWWHUHGDNLQGRIJURDQ7KHVWRU\
LQWHUHVWV\RXGRHVLWQRWVLU"LQTXLUHG&DGHURXVVH
<HVUHSOLHGWKHDEEHLWLVYHU\DIIHFWLQJ
0HUFHGHVFDPHDJDLQDQGVKHIRXQGKLPVRDOWHUHGWKDWVKH
ZDVHYHQPRUHDQ[LRXVWKDQEHIRUHWRKDYHKLPWDNHQWRKHU
RZQKRPH7KLVZDV00RUUHO
VZLVKDOVRZKRZRXOGIDLQ
KDYHFRQYH\HGWKHROGPDQDJDLQVWKLVFRQVHQWEXWWKHROG
PDQUHVLVWHGDQGFULHGVRWKDWWKH\ZHUHDFWXDOO\
IULJKWHQHG0HUFHGHVUHPDLQHGWKHUHIRUHE\KLVEHGVLGH
DQG00RUUHOZHQWDZD\PDNLQJDVLJQWRWKH&DWDODQWKDW
KHKDGOHIWKLVSXUVHRQWKHFKLPQH\SLHFH%XWDYDLOLQJ
KLPVHOIRIWKHGRFWRU
VRUGHUWKHROGPDQZRXOGQRWWDNH
DQ\VXVWHQDQFHDWOHQJWK DIWHUQLQHGD\VRIGHVSDLUDQG
IDVWLQJ WKHROGPDQGLHGFXUVLQJWKRVHZKRKDGFDXVHGKLV
PLVHU\DQGVD\LQJWR0HUFHGHVC,I\RXHYHUVHHP\(GPRQG
DJDLQWHOOKLP,GLHEOHVVLQJKLP
7KHDEEHURVHIURPKLV
FKDLUPDGHWZRWXUQVURXQGWKHFKDPEHUDQGSUHVVHGKLV
WUHPEOLQJKDQGDJDLQVWKLVSDUFKHGWKURDW$QG\RXEHOLHYH
KHGLHG
2IKXQJHUVLURIKXQJHUVDLG&DGHURXVVH,DPDV
FHUWDLQRILWDVWKDWZHWZRDUH&KULVWLDQV
7KHDEEHZLWKDVKDNLQJKDQGVHL]HGDJODVVRIZDWHUWKDW
ZDVVWDQGLQJE\KLPKDOIIXOOVZDOORZHGLWDWRQHJXOSDQG
WKHQUHVXPHGKLVVHDWZLWKUHGH\HVDQGSDOHFKHHNV7KLV
ZDVLQGHHGDKRUULGHYHQWVDLGKHLQDKRDUVHYRLFH
7KHPRUHVRVLUDVLWZDVPHQ
VDQGQRW*RG
VGRLQJ
7HOOPHRIWKRVHPHQVDLGWKHDEEHDQGUHPHPEHUWRR
KHDGGHGLQDQDOPRVWPHQDFLQJWRQH\RXKDYHSURPLVHGWR

288

WHOOPHHYHU\WKLQJ7HOOPHWKHUHIRUHZKRDUHWKHVHPHQ
ZKRNLOOHGWKHVRQZLWKGHVSDLUDQGWKHIDWKHUZLWK
IDPLQH"
7ZRPHQMHDORXVRIKLPVLURQHIURPORYHDQGWKHRWKHU
IURPDPELWLRQ)HUQDQGDQG'DQJODUV
+RZZDVWKLVMHDORXV\PDQLIHVWHG"6SHDNRQ
7KH\GHQRXQFHG(GPRQGDVD%RQDSDUWLVWDJHQW
:KLFKRIWKHWZRGHQRXQFHGKLP":KLFKZDVWKHUHDO
GHOLQTXHQW"
%RWKVLURQHZLWKDOHWWHUDQGWKHRWKHUSXWLWLQWKH
SRVW
$QGZKHUHZDVWKLVOHWWHUZULWWHQ"
$W/D5HVHUYHWKHGD\EHIRUHWKHEHWURWKDOIHDVW

7ZDVVRWKHQ
WZDVVRWKHQPXUPXUHGWKHDEEH2K
)DULD)DULDKRZZHOOGLG\RXMXGJHPHQDQGWKLQJV
:KDWGLG\RXSOHDVHWRVD\VLU"DVNHG&DGHURXVVH
1RWKLQJQRWKLQJUHSOLHGWKHSULHVWJRRQ
,WZDV'DQJODUVZKRZURWHWKHGHQXQFLDWLRQZLWKKLVOHIW
KDQGWKDWKLVZULWLQJPLJKWQRWEHUHFRJQL]HGDQG)HUQDQG
ZKRSXWLWLQWKHSRVW
%XWH[FODLPHGWKHDEEHVXGGHQO\\RXZHUHWKHUH
\RXUVHOI
,VDLG&DGHURXVVHDVWRQLVKHGZKRWROG\RX,ZDV
WKHUH"
7KHDEEHVDZKHKDGRYHUVKRWWKHPDUNDQGKHDGGHGTXLFNO\
1RRQHEXWLQRUGHUWRKDYHNQRZQHYHU\WKLQJVRZHOO
\RXPXVWKDYHEHHQDQH\HZLWQHVV
7UXHWUXHVDLG&DGHURXVVHLQDFKRNLQJYRLFH,ZDV
WKHUH

289

$QGGLG\RXQRWUHPRQVWUDWHDJDLQVWVXFKLQIDP\"DVNHGWKH
DEEHLIQRW\RXZHUHDQDFFRPSOLFH
6LUUHSOLHG&DGHURXVVHWKH\KDGPDGHPHGULQNWRVXFK
DQH[FHVVWKDW,QHDUO\ORVWDOOSHUFHSWLRQ,KDGRQO\DQ
LQGLVWLQFWXQGHUVWDQGLQJRIZKDWZDVSDVVLQJDURXQGPH,
VDLGDOOWKDWDPDQLQVXFKDVWDWHFRXOGVD\EXWWKH\ERWK
DVVXUHGPHWKDWLWZDVDMHVWWKH\ZHUHFDUU\LQJRQDQG
SHUIHFWO\KDUPOHVV
1H[WGD\QH[WGD\VLU\RXPXVWKDYHVHHQSODLQHQRXJK
ZKDWWKH\KDGEHHQGRLQJ\HW\RXVDLGQRWKLQJWKRXJK\RX
ZHUHSUHVHQWZKHQ'DQWHVZDVDUUHVWHG
<HVVLU,ZDVWKHUHDQGYHU\DQ[LRXVWRVSHDNEXW
'DQJODUVUHVWUDLQHGPHC,IKHVKRXOGUHDOO\EHJXLOW\

VDLGKHCDQGGLGUHDOO\SXWLQWRWKH,VODQGRI(OEDLIKH
LVUHDOO\FKDUJHGZLWKDOHWWHUIRUWKH%RQDSDUWLVW
FRPPLWWHHDW3DULVDQGLIWKH\ILQGWKLVOHWWHUXSRQKLP
WKRVHZKRKDYHVXSSRUWHGKLPZLOOSDVVIRUKLVDFFRPSOLFHV

,FRQIHVV,KDGP\IHDUVLQWKHVWDWHLQZKLFKSROLWLFV
WKHQZHUHDQG,KHOGP\WRQJXH,WZDVFRZDUGO\,FRQIHVV
EXWLWZDVQRWFULPLQDO
,XQGHUVWDQG\RXDOORZHGPDWWHUVWRWDNHWKHLUFRXUVH
WKDWZDVDOO
<HVVLUDQVZHUHG&DGHURXVVHDQGUHPRUVHSUH\VRQPH
QLJKWDQGGD\,RIWHQDVNSDUGRQRI*RG,VZHDUWR\RX
EHFDXVHWKLVDFWLRQWKHRQO\RQHZLWKZKLFK,KDYH
VHULRXVO\WRUHSURDFKP\VHOILQDOOP\OLIHLVQRGRXEWWKH
FDXVHRIP\DEMHFWFRQGLWLRQ,DPH[SLDWLQJDPRPHQWRI
VHOILVKQHVVDQGVR,DOZD\VVD\WR/D&DUFRQWHZKHQVKH
FRPSODLQVC+ROG\RXUWRQJXHZRPDQLWLVWKHZLOORI
*RG
$QG&DGHURXVVHERZHGKLVKHDGZLWKHYHU\VLJQRIUHDO
UHSHQWDQFH
:HOOVLUVDLGWKHDEEH\RXKDYHVSRNHQXQUHVHUYHGO\
DQGWKXVWRDFFXVH\RXUVHOILVWRGHVHUYHSDUGRQ
8QIRUWXQDWHO\(GPRQGLVGHDGDQGKDVQRWSDUGRQHGPH
+HGLGQRWNQRZVDLGWKHDEEH

290

%XWKHNQRZVLWDOOQRZLQWHUUXSWHG&DGHURXVVHWKH\VD\
WKHGHDGNQRZHYHU\WKLQJ7KHUHZDVDEULHIVLOHQFHWKH
DEEHURVHDQGSDFHGXSDQGGRZQSHQVLYHO\DQGWKHQUHVXPHG
KLVVHDW<RXKDYHWZRRUWKUHHWLPHVPHQWLRQHGD0
0RUUHOKHVDLGZKRZDVKH"
7KHRZQHURIWKH3KDUDRQDQGSDWURQRI'DQWHV
$QGZKDWSDUWGLGKHSOD\LQWKLVVDGGUDPD"LQTXLUHGWKH
DEEH
7KHSDUWRIDQKRQHVWPDQIXOORIFRXUDJHDQGUHDOUHJDUG
7ZHQW\WLPHVKHLQWHUFHGHGIRU(GPRQG:KHQWKHHPSHURU
UHWXUQHGKHZURWHLPSORUHGWKUHDWHQHGDQGVR
HQHUJHWLFDOO\WKDWRQWKHVHFRQGUHVWRUDWLRQKHZDV
SHUVHFXWHGDVD%RQDSDUWLVW7HQWLPHVDV,WROG\RXKH
FDPHWRVHH'DQWHV
IDWKHUDQGRIIHUHGWRUHFHLYHKLPLQ
KLVRZQKRXVHDQGWKHQLJKWRUWZREHIRUHKLVGHDWKDV,
KDYHDOUHDG\VDLGKHOHIWKLVSXUVHRQWKHPDQWHOSLHFH
ZLWKZKLFKWKH\SDLGWKHROGPDQ
VGHEWVDQGEXULHGKLP
GHFHQWO\DQGVR(GPRQG
VIDWKHUGLHGDVKHKDGOLYHG
ZLWKRXWGRLQJKDUPWRDQ\RQH,KDYHWKHSXUVHVWLOOE\PH
DODUJHRQHPDGHRIUHGVLON
$QGDVNHGWKHDEEHLV00RUUHOVWLOODOLYH"
<HVUHSOLHG&DGHURXVVH
,QWKDWFDVHUHSOLHGWKHDEEHKHVKRXOGEHULFK
KDSS\
&DGHURXVVHVPLOHGELWWHUO\<HVKDSS\DVP\VHOIVDLGKH
:KDW00RUUHOXQKDSS\"H[FODLPHGWKHDEEH
+HLVUHGXFHGDOPRVWWRWKHODVWH[WUHPLW\QD\KHLV
DOPRVWDWWKHSRLQWRIGLVKRQRU
+RZ"
<HVFRQWLQXHG&DGHURXVVHVRLWLVDIWHUILYHDQG
WZHQW\\HDUVRIODERUDIWHUKDYLQJDFTXLUHGDPRVW
KRQRUDEOHQDPHLQWKHWUDGHRI0DUVHLOOHV00RUUHOLV

291

XWWHUO\UXLQHGKHKDVORVWILYHVKLSVLQWZR\HDUVKDV
VXIIHUHGE\WKHEDQNUXSWF\RIWKUHHODUJHKRXVHVDQGKLV
RQO\KRSHQRZLVLQWKDWYHU\3KDUDRQZKLFKSRRU'DQWHV
FRPPDQGHGDQGZKLFKLVH[SHFWHGIURPWKH,QGLHVZLWKD
FDUJRRIFRFKLQHDODQGLQGLJR,IWKLVVKLSIRXQGHUVOLNH
WKHRWKHUVKHLVDUXLQHGPDQ
$QGKDVWKHXQIRUWXQDWHPDQZLIHRUFKLOGUHQ"LQTXLUHGWKH
DEEH
<HVKHKDVDZLIHZKRWKURXJKHYHU\WKLQJKDVEHKDYHGOLNH
DQDQJHOKHKDVDGDXJKWHUZKRZDVDERXWWRPDUU\WKHPDQ
VKHORYHGEXWZKRVHIDPLO\QRZZLOOQRWDOORZKLPWRZHG
WKHGDXJKWHURIDUXLQHGPDQKHKDVEHVLGHVDVRQD
OLHXWHQDQWLQWKHDUP\DQGDV\RXPD\VXSSRVHDOOWKLV
LQVWHDGRIOHVVHQLQJRQO\DXJPHQWVKLVVRUURZV,IKHZHUH
DORQHLQWKHZRUOGKHZRXOGEORZRXWKLVEUDLQVDQGWKHUH
ZRXOGEHDQHQG
+RUULEOHHMDFXODWHGWKHSULHVW
$QGLWLVWKXVKHDYHQUHFRPSHQVHVYLUWXHVLUDGGHG
&DGHURXVVH<RXVHH,ZKRQHYHUGLGDEDGDFWLRQEXWWKDW
,KDYHWROG\RXRIDPLQGHVWLWXWLRQZLWKP\SRRUZLIH
G\LQJRIIHYHUEHIRUHP\YHU\H\HVDQG,XQDEOHWRGR
DQ\WKLQJLQWKHZRUOGIRUKHU,VKDOOGLHRIKXQJHUDVROG
'DQWHVGLGZKLOH)HUQDQGDQG'DQJODUVDUHUROOLQJLQ
ZHDOWK
+RZLVWKDW"
%HFDXVHWKHLUGHHGVKDYHEURXJKWWKHPJRRGIRUWXQHZKLOH
KRQHVWPHQKDYHEHHQUHGXFHGWRPLVHU\
:KDWKDVEHFRPHRI'DQJODUVWKHLQVWLJDWRUDQGWKHUHIRUH
WKHPRVWJXLOW\"
:KDWKDVEHFRPHRIKLP":K\KHOHIW0DUVHLOOHVDQGZDV
WDNHQRQWKHUHFRPPHQGDWLRQRI00RUUHOZKRGLGQRWNQRZ
KLVFULPHDVFDVKLHULQWRD6SDQLVKEDQN'XULQJWKHZDU
ZLWK6SDLQKHZDVHPSOR\HGLQWKHFRPPLVVDULDWRIWKH)UHQFK
DUP\DQGPDGHDIRUWXQHWKHQZLWKWKDWPRQH\KHVSHFXODWHG
LQWKHIXQGVDQGWUHEOHGRUTXDGUXSOHGKLVFDSLWDODQG
KDYLQJILUVWPDUULHGKLVEDQNHU
VGDXJKWHUZKROHIWKLPD

292

ZLGRZHUKHKDVPDUULHGDVHFRQGWLPHDZLGRZD0DGDPHGH
1DUJRQQHGDXJKWHURI0GH6HUYLHX[WKHNLQJ
V
FKDPEHUODLQZKRLVLQKLJKIDYRUDWFRXUW+HLVD
PLOOLRQDLUHDQGWKH\KDYHPDGHKLPDEDURQDQGQRZKHLV
WKH%DURQ'DQJODUVZLWKDILQHUHVLGHQFHLQWKH5XHGH
0RQW%ODQFZLWKWHQKRUVHVLQKLVVWDEOHVVL[IRRWPHQLQ
KLVDQWHFKDPEHUDQG,NQRZQRWKRZPDQ\PLOOLRQVLQKLV
VWURQJER[
$KVDLGWKHDEEHLQDSHFXOLDUWRQHKHLVKDSS\
+DSS\":KRFDQDQVZHUIRUWKDW"+DSSLQHVVRUXQKDSSLQHVVLV
WKHVHFUHWNQRZQEXWWRRQH
VVHOIDQGWKHZDOOVZDOOV
KDYHHDUVEXWQRWRQJXHEXWLIDODUJHIRUWXQHSURGXFHV
KDSSLQHVV'DQJODUVLVKDSS\
$QG)HUQDQG"
)HUQDQG":K\PXFKWKHVDPHVWRU\
%XWKRZFRXOGDSRRU&DWDODQILVKHUER\ZLWKRXWHGXFDWLRQ
RUUHVRXUFHVPDNHDIRUWXQH",FRQIHVVWKLVVWDJJHUVPH
$QGLWKDVVWDJJHUHGHYHU\ERG\7KHUHPXVWKDYHEHHQLQKLV
OLIHVRPHVWUDQJHVHFUHWWKDWQRRQHNQRZV
%XWWKHQE\ZKDWYLVLEOHVWHSVKDVKHDWWDLQHGWKLVKLJK
IRUWXQHRUKLJKSRVLWLRQ"
%RWKVLUKHKDVERWKIRUWXQHDQGSRVLWLRQERWK
7KLVPXVWEHLPSRVVLEOH
,WZRXOGVHHPVREXWOLVWHQDQG\RXZLOOXQGHUVWDQG6RPH
GD\VEHIRUHWKHUHWXUQRIWKHHPSHURU)HUQDQGZDVGUDIWHG
7KH%RXUERQVOHIWKLPTXLHWO\HQRXJKDWWKH&DWDODQVEXW
1DSROHRQUHWXUQHGDVSHFLDOOHY\ZDVPDGHDQG)HUQDQGZDV
FRPSHOOHGWRMRLQ,ZHQWWRREXWDV,ZDVROGHUWKDQ
)HUQDQGDQGKDGMXVWPDUULHGP\SRRUZLIH,ZDVRQO\VHQW
WRWKHFRDVW)HUQDQGZDVHQUROOHGLQWKHDFWLYHWURRSZHQW
WRWKHIURQWLHUZLWKKLVUHJLPHQWDQGZDVDWWKHEDWWOHRI
/LJQ\7KHQLJKWDIWHUWKDWEDWWOHKHZDVVHQWU\DWWKHGRRU
RIDJHQHUDOZKRFDUULHGRQDVHFUHWFRUUHVSRQGHQFHZLWKWKH
HQHP\7KDWVDPHQLJKWWKHJHQHUDOZDVWRJRRYHUWRWKH

293

(QJOLVK+HSURSRVHGWR)HUQDQGWRDFFRPSDQ\KLP)HUQDQG
DJUHHGWRGRVRGHVHUWHGKLVSRVWDQGIROORZHGWKH
JHQHUDO)HUQDQGZRXOGKDYHEHHQFRXUWPDUWLDOHGLI1DSROHRQ
KDGUHPDLQHGRQWKHWKURQHEXWKLVDFWLRQZDVUHZDUGHGE\
WKH%RXUERQV+HUHWXUQHGWR)UDQFHZLWKWKHHSDXOHWRI
VXEOLHXWHQDQWDQGDVWKHSURWHFWLRQRIWKHJHQHUDOZKRLV
LQWKHKLJKHVWIDYRUZDVDFFRUGHGWRKLPKHZDVDFDSWDLQ
LQGXULQJWKH6SDQLVKZDUWKDWLVWRVD\DWWKH
WLPHZKHQ'DQJODUVPDGHKLVHDUO\VSHFXODWLRQV)HUQDQGZDV
D6SDQLDUGDQGEHLQJVHQWWR6SDLQWRDVFHUWDLQWKHIHHOLQJ
RIKLVIHOORZFRXQWU\PHQIRXQG'DQJODUVWKHUHJRWRQYHU\
LQWLPDWHWHUPVZLWKKLPZRQRYHUWKHVXSSRUWRIWKH
UR\DOLVWVDWWKHFDSLWDODQGLQWKHSURYLQFHVUHFHLYHG
SURPLVHVDQGPDGHSOHGJHVRQKLVRZQSDUWJXLGHGKLV
UHJLPHQWE\SDWKVNQRZQWRKLPVHOIDORQHWKURXJKWKH
PRXQWDLQJRUJHVZKLFKZHUHKHOGE\WKHUR\DOLVWVDQGLQ
IDFWUHQGHUHGVXFKVHUYLFHVLQWKLVEULHIFDPSDLJQWKDW
DIWHUWKHWDNLQJRI7URFDGHURKHZDVPDGHFRORQHODQG
UHFHLYHGWKHWLWOHRIFRXQWDQGWKHFURVVRIDQRIILFHURI
WKH/HJLRQRI+RQRU
'HVWLQ\GHVWLQ\PXUPXUHGWKHDEEH
<HVEXWOLVWHQWKLVZDVQRWDOO7KHZDUZLWK6SDLQEHLQJ
HQGHG)HUQDQG
VFDUHHUZDVFKHFNHGE\WKHORQJSHDFHZKLFK
VHHPHGOLNHO\WRHQGXUHWKURXJKRXW(XURSH*UHHFHRQO\KDG
ULVHQDJDLQVW7XUNH\DQGKDGEHJXQKHUZDURILQGHSHQGHQFH
DOOH\HVZHUHWXUQHGWRZDUGV$WKHQVLWZDVWKHIDVKLRQWR
SLW\DQGVXSSRUWWKH*UHHNV7KH)UHQFKJRYHUQPHQWZLWKRXW
SURWHFWLQJWKHPRSHQO\DV\RXNQRZJDYHFRXQWHQDQFHWR
YROXQWHHUDVVLVWDQFH)HUQDQGVRXJKWDQGREWDLQHGOHDYHWR
JRDQGVHUYHLQ*UHHFHVWLOOKDYLQJKLVQDPHNHSWRQWKH
DUP\UROO6RPHWLPHDIWHULWZDVVWDWHGWKDWWKH&RPWHGH
0RUFHUI WKLVZDVWKHQDPHKHERUH KDGHQWHUHGWKHVHUYLFH
RI$OL3DVKDZLWKWKHUDQNRILQVWUXFWRUJHQHUDO$OL3DVKD
ZDVNLOOHGDV\RXNQRZEXWEHIRUHKHGLHGKHUHFRPSHQVHG
WKHVHUYLFHVRI)HUQDQGE\OHDYLQJKLPDFRQVLGHUDEOHVXP
ZLWKZKLFKKHUHWXUQHGWR)UDQFHZKHQKHZDVJD]HWWHG
OLHXWHQDQWJHQHUDO
6RWKDWQRZ"LQTXLUHGWKHDEEH
6RWKDWQRZFRQWLQXHG&DGHURXVVHKHRZQVDPDJQLILFHQW
KRXVH1R5XHGX+HOGHU3DULV7KHDEEHRSHQHGKLV

294

PRXWKKHVLWDWHGIRUDPRPHQWWKHQPDNLQJDQHIIRUWDW
VHOIFRQWUROKHVDLG$QG0HUFHGHVWKH\WHOOPHWKDW
VKHKDVGLVDSSHDUHG"
'LVDSSHDUHGVDLG&DGHURXVVH\HVDVWKHVXQGLVDSSHDUV
WRULVHWKHQH[WGD\ZLWKVWLOOPRUHVSOHQGRU
+DVVKHPDGHDIRUWXQHDOVR"LQTXLUHGWKHDEEHZLWKDQ
LURQLFDOVPLOH
0HUFHGHVLVDWWKLVPRPHQWRQHRIWKHJUHDWHVWODGLHVLQ
3DULVUHSOLHG&DGHURXVVH
*RRQVDLGWKHDEEHLWVHHPVDVLI,ZHUHOLVWHQLQJWR
WKHVWRU\RIDGUHDP%XW,KDYHVHHQWKLQJVVR
H[WUDRUGLQDU\WKDWZKDW\RXWHOOPHVHHPVOHVVDVWRQLVKLQJ
WKDQLWRWKHUZLVHPLJKW
0HUFHGHVZDVDWILUVWLQWKHGHHSHVWGHVSDLUDWWKHEORZ
ZKLFKGHSULYHGKHURI(GPRQG,KDYHWROG\RXRIKHU
DWWHPSWVWRSURSLWLDWH0GH9LOOHIRUWKHUGHYRWLRQWRWKH
HOGHU'DQWHV,QWKHPLGVWRIKHUGHVSDLUDQHZDIIOLFWLRQ
RYHUWRRNKHU7KLVZDVWKHGHSDUWXUHRI)HUQDQGRI
)HUQDQGZKRVHFULPHVKHGLGQRWNQRZDQGZKRPVKHUHJDUGHG
DVKHUEURWKHU)HUQDQGZHQWDQG0HUFHGHVUHPDLQHGDORQH
7KUHHPRQWKVSDVVHGDQGVWLOOVKHZHSWQRQHZVRI(GPRQG
QRQHZVRI)HUQDQGQRFRPSDQLRQVKLSVDYHWKDWRIDQROGPDQ
ZKRZDVG\LQJZLWKGHVSDLU2QHHYHQLQJDIWHUDGD\RI
DFFXVWRPHGYLJLODWWKHDQJOHRIWZRURDGVOHDGLQJWR
0DUVHLOOHVIURPWKH&DWDODQVVKHUHWXUQHGWRKHUKRPHPRUH
GHSUHVVHGWKDQHYHU6XGGHQO\VKHKHDUGDVWHSVKHNQHZ
WXUQHGDQ[LRXVO\DURXQGWKHGRRURSHQHGDQG)HUQDQG
GUHVVHGLQWKHXQLIRUPRIDVXEOLHXWHQDQWVWRRGEHIRUH
KHU,WZDVQRWWKHRQHVKHZLVKHGIRUPRVWEXWLWVHHPHG
DVLIDSDUWRIKHUSDVWOLIHKDGUHWXUQHGWRKHU0HUFHGHV
VHL]HG)HUQDQG
VKDQGVZLWKDWUDQVSRUWZKLFKKHWRRNIRU
ORYHEXWZKLFKZDVRQO\MR\DWEHLQJQRORQJHUDORQHLQWKH
ZRUOGDQGVHHLQJDWODVWDIULHQGDIWHUORQJKRXUVRI
VROLWDU\VRUURZ$QGWKHQLWPXVWEHFRQIHVVHG)HUQDQGKDG
QHYHUEHHQKDWHGKHZDVRQO\QRWSUHFLVHO\ORYHG$QRWKHU
SRVVHVVHGDOO0HUFHGHV
KHDUWWKDWRWKHUZDVDEVHQWKDG
GLVDSSHDUHGSHUKDSVZDVGHDG$WWKLVODVWWKRXJKW0HUFHGHV
EXUVWLQWRDIORRGRIWHDUVDQGZUXQJKHUKDQGVLQDJRQ\
EXWWKHWKRXJKWZKLFKVKHKDGDOZD\VUHSHOOHGEHIRUHZKHQ

295

LWZDVVXJJHVWHGWRKHUE\DQRWKHUFDPHQRZLQIXOOIRUFH
XSRQKHUPLQGDQGWKHQWRRROG'DQWHVLQFHVVDQWO\VDLGWR
KHUC2XU(GPRQGLVGHDGLIKHZHUHQRWKHZRXOGUHWXUQWR
XV
7KHROGPDQGLHGDV,KDYHWROG\RXKDGKHOLYHG
0HUFHGHVSHUFKDQFHKDGQRWEHFRPHWKHZLIHRIDQRWKHUIRU
KHZRXOGKDYHEHHQWKHUHWRUHSURDFKKHULQILGHOLW\)HUQDQG
VDZWKLVDQGZKHQKHOHDUQHGRIWKHROGPDQ
VGHDWKKH
UHWXUQHG+HZDVQRZDOLHXWHQDQW$WKLVILUVWFRPLQJKH
KDGQRWVDLGDZRUGRIORYHWR0HUFHGHVDWWKHVHFRQGKH
UHPLQGHGKHUWKDWKHORYHGKHU0HUFHGHVEHJJHGIRUVL[
PRQWKVPRUHLQZKLFKWRDZDLWDQGPRXUQIRU(GPRQG
6RWKDWVDLGWKHDEEHZLWKDELWWHUVPLOHWKDWPDNHV
HLJKWHHQPRQWKVLQDOO:KDWPRUHFRXOGWKHPRVWGHYRWHG
ORYHUGHVLUH"7KHQKHPXUPXUHGWKHZRUGVRIWKH(QJOLVK
SRHWC)UDLOW\WK\QDPHLVZRPDQ

6L[PRQWKVDIWHUZDUGVFRQWLQXHG&DGHURXVVHWKHPDUULDJH
WRRNSODFHLQWKHFKXUFKRI$FFRXOHV
7KHYHU\FKXUFKLQZKLFKVKHZDVWRKDYHPDUULHG(GPRQG
PXUPXUHGWKHSULHVWWKHUHZDVRQO\DFKDQJHRI
EULGHJURRPV
:HOO0HUFHGHVZDVPDUULHGSURFHHGHG&DGHURXVVHEXW
DOWKRXJKLQWKHH\HVRIWKHZRUOGVKHDSSHDUHGFDOPVKH
QHDUO\IDLQWHGDVVKHSDVVHG/D5HVHUYHZKHUHHLJKWHHQ
PRQWKVEHIRUHWKHEHWURWKDOKDGEHHQFHOHEUDWHGZLWKKLP
ZKRPVKHPLJKWKDYHNQRZQVKHVWLOOORYHGKDGVKHORRNHGWR
WKHERWWRPRIKHUKHDUW)HUQDQGPRUHKDSS\EXWQRWPRUH
DWKLVHDVHIRU,VDZDWWKLVWLPHKHZDVLQFRQVWDQW
GUHDGRI(GPRQG
VUHWXUQ)HUQDQGZDVYHU\DQ[LRXVWRJHW
KLVZLIHDZD\DQGWRGHSDUWKLPVHOI7KHUHZHUHWRRPDQ\
XQSOHDVDQWSRVVLELOLWLHVDVVRFLDWHGZLWKWKH&DWDODQVDQG
HLJKWGD\VDIWHUWKHZHGGLQJWKH\OHIW0DUVHLOOHV
'LG\RXHYHUVHH0HUFHGHVDJDLQ"LQTXLUHGWKHSULHVW
<HVGXULQJWKH6SDQLVKZDUDW3HUSLJQDQZKHUH)HUQDQG
KDGOHIWKHUVKHZDVDWWHQGLQJWRWKHHGXFDWLRQRIKHU
VRQ7KHDEEHVWDUWHG+HUVRQ"VDLGKH
<HVUHSOLHG&DGHURXVVHOLWWOH$OEHUW

296

%XWWKHQWREHDEOHWRLQVWUXFWKHUFKLOGFRQWLQXHGWKH
DEEHVKHPXVWKDYHUHFHLYHGDQHGXFDWLRQKHUVHOI,
XQGHUVWRRGIURP(GPRQGWKDWVKHZDVWKHGDXJKWHURIDVLPSOH
ILVKHUPDQEHDXWLIXOEXWXQHGXFDWHG
2KUHSOLHG&DGHURXVVHGLGKHNQRZVROLWWOHRIKLV
ORYHO\EHWURWKHG"0HUFHGHVPLJKWKDYHEHHQDTXHHQVLULI
WKHFURZQZHUHWREHSODFHGRQWKHKHDGVRIWKHORYHOLHVW
DQGPRVWLQWHOOLJHQW)HUQDQG
VIRUWXQHZDVDOUHDG\ZD[LQJ
JUHDWDQGVKHGHYHORSHGZLWKKLVJURZLQJIRUWXQH6KH
OHDUQHGGUDZLQJPXVLFHYHU\WKLQJ%HVLGHV,EHOLHYH
EHWZHHQRXUVHOYHVVKHGLGWKLVLQRUGHUWRGLVWUDFWKHU
PLQGWKDWVKHPLJKWIRUJHWDQGVKHRQO\ILOOHGKHUKHDGLQ
RUGHUWRDOOHYLDWHWKHZHLJKWRQKHUKHDUW%XWQRZKHU
SRVLWLRQLQOLIHLVDVVXUHGFRQWLQXHG&DGHURXVVHQR
GRXEWIRUWXQHDQGKRQRUVKDYHFRPIRUWHGKHUVKHLVULFKD
FRXQWHVVDQG\HW&DGHURXVVHSDXVHG
$QG\HWZKDW"DVNHGWKHDEEH
<HW,DPVXUHVKHLVQRWKDSS\VDLG&DGHURXVVH
:KDWPDNHV\RXEHOLHYHWKLV"
:K\ZKHQ,IRXQGP\VHOIXWWHUO\GHVWLWXWH,WKRXJKWP\
ROGIULHQGVZRXOGSHUKDSVDVVLVWPH6R,ZHQWWR
'DQJODUVZKRZRXOGQRWHYHQUHFHLYHPH,FDOOHGRQ
)HUQDQGZKRVHQWPHDKXQGUHGIUDQFVE\KLV
YDOHWGHFKDPEUH
7KHQ\RXGLGQRWVHHHLWKHURIWKHP"
1REXW0DGDPHGH0RUFHUIVDZPH
+RZZDVWKDW"
$V,ZHQWDZD\DSXUVHIHOODWP\IHHWLWFRQWDLQHGILYH
DQGWZHQW\ORXLV,UDLVHGP\KHDGTXLFNO\DQGVDZ
0HUFHGHVZKRDWRQFHVKXWWKHEOLQG
$QG0GH9LOOHIRUW"DVNHGWKHDEEH
2KKHQHYHUZDVDIULHQGRIPLQH,GLGQRWNQRZKLPDQG
,KDGQRWKLQJWRDVNRIKLP

297

'R\RXQRWNQRZZKDWEHFDPHRIKLPDQGWKHVKDUHKHKDGLQ
(GPRQG
VPLVIRUWXQHV"
1R,RQO\NQRZWKDWVRPHWLPHDIWHU(GPRQG
VDUUHVWKH
PDUULHG0DGHPRLVHOOHGH6DLQW0HUDQDQGVRRQDIWHUOHIW
0DUVHLOOHVQRGRXEWKHKDVEHHQDVOXFN\DVWKHUHVWQR
GRXEWKHLVDVULFKDV'DQJODUVDVKLJKLQVWDWLRQDV
)HUQDQG,RQO\DV\RXVHHKDYHUHPDLQHGSRRUZUHWFKHG
DQGIRUJRWWHQ
<RXDUHPLVWDNHQP\IULHQGUHSOLHGWKHDEEH*RGPD\
VHHPVRPHWLPHVWRIRUJHWIRUDWLPHZKLOHKLVMXVWLFH
UHSRVHVEXWWKHUHDOZD\VFRPHVDPRPHQWZKHQKHUHPHPEHUV
DQGEHKROGDSURRI$VKHVSRNHWKHDEEHWRRNWKH
GLDPRQGIURPKLVSRFNHWDQGJLYLQJLWWR&DGHURXVVHVDLG
+HUHP\IULHQGWDNHWKLVGLDPRQGLWLV\RXUV
:KDWIRUPHRQO\"FULHG&DGHURXVVHDKVLUGRQRWMHVW
ZLWKPH
7KLVGLDPRQGZDVWRKDYHEHHQVKDUHGDPRQJKLVIULHQGV
(GPRQGKDGRQHIULHQGRQO\DQGWKXVLWFDQQRWEHGLYLGHG
7DNHWKHGLDPRQGWKHQDQGVHOOLWLWLVZRUWKILIW\
WKRXVDQGIUDQFVDQG,UHSHDWP\ZLVKWKDWWKLVVXPPD\
VXIILFHWRUHOHDVH\RXIURP\RXUZUHWFKHGQHVV
2KVLUVDLG&DGHURXVVHSXWWLQJRXWRQHKDQGWLPLGO\
DQGZLWKWKHRWKHUZLSLQJDZD\WKHSHUVSLUDWLRQZKLFK
EHGHZHGKLVEURZ2KVLUGRQRWPDNHDMHVWRIWKH
KDSSLQHVVRUGHVSDLURIDPDQ
,NQRZZKDWKDSSLQHVVDQGZKDWGHVSDLUDUHDQG,QHYHU
PDNHDMHVWRIVXFKIHHOLQJV7DNHLWWKHQEXWLQH[FKDQJH

&DGHURXVVHZKRWRXFKHGWKHGLDPRQGZLWKGUHZKLVKDQG7KH
DEEHVPLOHG,QH[FKDQJHKHFRQWLQXHGJLYHPHWKHUHG
VLONSXUVHWKDW00RUUHOOHIWRQROG'DQWHV
FKLPQH\SLHFH
DQGZKLFK\RXWHOOPHLVVWLOOLQ\RXUKDQGV&DGHURXVVH
PRUHDQGPRUHDVWRQLVKHGZHQWWRZDUGDODUJHRDNHQ
FXSERDUGRSHQHGLWDQGJDYHWKHDEEHDORQJSXUVHRIIDGHG
UHGVLONURXQGZKLFKZHUHWZRFRSSHUUXQQHUVWKDWKDGRQFH
EHHQJLOW7KHDEEHWRRNLWDQGLQUHWXUQJDYH&DGHURXVVH

298

WKHGLDPRQG
2K\RXDUHDPDQRI*RGVLUFULHG&DGHURXVVHIRUQR
RQHNQHZWKDW(GPRQGKDGJLYHQ\RXWKLVGLDPRQGDQG\RX
PLJKWKDYHNHSWLW
:KLFKVDLGWKHDEEHWRKLPVHOI\RXZRXOGKDYHGRQH
7KHDEEHURVHWRRNKLVKDWDQGJORYHV:HOOKHVDLG
DOO\RXKDYHWROGPHLVSHUIHFWO\WUXHWKHQDQG,PD\
EHOLHYHLWLQHYHU\SDUWLFXODU
6HHVLUUHSOLHG&DGHURXVVHLQWKLVFRUQHULVD
FUXFLIL[LQKRO\ZRRGKHUHRQWKLVVKHOILVP\ZLIH
V
WHVWDPHQWRSHQWKLVERRNDQG,ZLOOVZHDUXSRQLWZLWKP\
KDQGRQWKHFUXFLIL[,ZLOOVZHDUWR\RXE\P\VRXO
V
VDOYDWLRQP\IDLWKDVD&KULVWLDQ,KDYHWROGHYHU\WKLQJ
WR\RXDVLWRFFXUUHGDQGDVWKHUHFRUGLQJDQJHOZLOOWHOO
LWWRWKHHDURI*RGDWWKHGD\RIWKHODVWMXGJPHQW

7LVZHOOVDLGWKHDEEHFRQYLQFHGE\KLVPDQQHUDQGWRQH
WKDW&DGHURXVVHVSRNHWKHWUXWK
7LVZHOODQGPD\WKLV
PRQH\SURILW\RX$GLHX,JRIDUIURPPHQZKRWKXVVR
ELWWHUO\LQMXUHHDFKRWKHU7KHDEEHZLWKGLIILFXOW\JRW
DZD\IURPWKHHQWKXVLDVWLFWKDQNVRI&DGHURXVVHRSHQHGWKH
GRRUKLPVHOIJRWRXWDQGPRXQWHGKLVKRUVHRQFHPRUH
VDOXWHGWKHLQQNHHSHUZKRNHSWXWWHULQJKLVORXGIDUHZHOOV
DQGWKHQUHWXUQHGE\WKHURDGKHKDGWUDYHOOHGLQFRPLQJ
:KHQ&DGHURXVVHWXUQHGDURXQGKHVDZEHKLQGKLP/D
&DUFRQWHSDOHUDQGWUHPEOLQJPRUHWKDQHYHU,VWKHQDOO
WKDW,KDYHKHDUGUHDOO\WUXH"VKHLQTXLUHG
:KDW"7KDWKHKDVJLYHQWKHGLDPRQGWRXVRQO\"LQTXLUHG
&DGHURXVVHKDOIEHZLOGHUHGZLWKMR\\HVQRWKLQJPRUH
WUXH6HHKHUHLWLV7KHZRPDQJD]HGDWLWDPRPHQWDQG
WKHQVDLGLQDJORRP\YRLFH6XSSRVHLW
VIDOVH"
&DGHURXVVHVWDUWHGDQGWXUQHGSDOH)DOVHKHPXWWHUHG
)DOVH:K\VKRXOGWKDWPDQJLYHPHDIDOVHGLDPRQG"
7RJHW\RXUVHFUHWZLWKRXWSD\LQJIRULW\RXEORFNKHDG
&DGHURXVVHUHPDLQHGIRUDPRPHQWDJKDVWXQGHUWKHZHLJKWRI
VXFKDQLGHD2KKHVDLGWDNLQJXSKLVKDWZKLFKKH
SODFHGRQWKHUHGKDQGNHUFKLHIWLHGURXQGKLVKHDGZHZLOO
VRRQILQGRXW

299

,QZKDWZD\"
:K\WKHIDLULVRQDW%HDXFDLUHWKHUHDUHDOZD\V
MHZHOOHUVIURP3DULVWKHUHDQG,ZLOOVKRZLWWRWKHP/RRN
DIWHUWKHKRXVHZLIHDQG,VKDOOEHEDFNLQWZRKRXUV
DQG&DGHURXVVHOHIWWKHKRXVHLQKDVWHDQGUDQUDSLGO\LQ
WKHGLUHFWLRQRSSRVLWHWRWKDWZKLFKWKHSULHVWKDGWDNHQ
)LIW\WKRXVDQGIUDQFVPXWWHUHG/D&DUFRQWHZKHQOHIW
DORQHLWLVDODUJHVXPRIPRQH\EXWLWLVQRWD
IRUWXQH

&KDSWHU
7KH3ULVRQ5HJLVWHU
7KHGD\DIWHUWKDWLQZKLFKWKHVFHQHZHKDYHMXVWGHVFULEHG
KDGWDNHQSODFHRQWKHURDGEHWZHHQ%HOOHJDUGHDQG
%HDXFDLUHDPDQRIDERXWWKLUW\RUWZRDQGWKLUW\GUHVVHG
LQDEULJKWEOXHIURFNFRDWQDQNHHQWURXVHUVDQGDZKLWH
ZDLVWFRDWKDYLQJWKHDSSHDUDQFHDQGDFFHQWRIDQ
(QJOLVKPDQSUHVHQWHGKLPVHOIEHIRUHWKHPD\RURI
0DUVHLOOHV6LUVDLGKH,DPFKLHIFOHUNRIWKHKRXVH
RI7KRPVRQ )UHQFKRI5RPH:HDUHDQGKDYHEHHQWKHVH
WHQ\HDUVFRQQHFWHGZLWKWKHKRXVHRI0RUUHO 6RQRI
0DUVHLOOHV:HKDYHDKXQGUHGWKRXVDQGIUDQFVRUWKHUHDERXWV
ORDQHGRQWKHLUVHFXULWLHVDQGZHDUHDOLWWOHXQHDV\DW
UHSRUWVWKDWKDYHUHDFKHGXVWKDWWKHILUPLVRQWKHEULQN
RIUXLQ,KDYHFRPHWKHUHIRUHH[SUHVVIURP5RPHWRDVN
\RXIRULQIRUPDWLRQ
6LUUHSOLHGWKHPD\RU,NQRZYHU\ZHOOWKDWGXULQJWKH
ODVWIRXURUILYH\HDUVPLVIRUWXQHKDVVHHPHGWRSXUVXH0
0RUUHO+HKDVORVWIRXURUILYHYHVVHOVDQGVXIIHUHGE\
WKUHHRUIRXUEDQNUXSWFLHVEXWLWLVQRWIRUPHDOWKRXJK,
DPDFUHGLWRUP\VHOIWRWKHDPRXQWRIWHQWKRXVDQGIUDQFV
WRJLYHDQ\LQIRUPDWLRQDVWRWKHVWDWHRIKLVILQDQFHV$VN
RIPHDVPD\RUZKDWLVP\RSLQLRQRI00RUUHODQG,
VKDOOVD\WKDWKHLVDPDQKRQRUDEOHWRWKHODVWGHJUHHDQG
ZKRKDVXSWRWKLVWLPHIXOILOOHGHYHU\HQJDJHPHQWZLWK
VFUXSXORXVSXQFWXDOLW\7KLVLVDOO,FDQVD\VLULI\RX
ZLVKWROHDUQPRUHDGGUHVV\RXUVHOIWR0GH%RYLOOHWKH
LQVSHFWRURISULVRQV1R5XHGH1RXDLOOHVKHKDV,

300

EHOLHYHWZRKXQGUHGWKRXVDQGIUDQFVLQ0RUUHO
VKDQGVDQG
LIWKHUHEHDQ\JURXQGVIRUDSSUHKHQVLRQDVWKLVLVD
JUHDWHUDPRXQWWKDQPLQH\RXZLOOPRVWSUREDEO\ILQGKLP
EHWWHULQIRUPHGWKDQP\VHOI
7KH(QJOLVKPDQVHHPHGWRDSSUHFLDWHWKLVH[WUHPHGHOLFDF\
PDGHKLVERZDQGZHQWDZD\SURFHHGLQJZLWKDFKDUDFWHULVWLF
%ULWLVKVWULGHWRZDUGVWKHVWUHHWPHQWLRQHG0GH%RYLOOH
ZDVLQKLVSULYDWHURRPDQGWKH(QJOLVKPDQRQSHUFHLYLQJ
KLPPDGHDJHVWXUHRIVXUSULVHZKLFKVHHPHGWRLQGLFDWH
WKDWLWZDVQRWWKHILUVWWLPHKHKDGEHHQLQKLVSUHVHQFH
$VWR0GH%RYLOOHKHZDVLQVXFKDVWDWHRIGHVSDLUWKDW
LWZDVHYLGHQWDOOWKHIDFXOWLHVRIKLVPLQGDEVRUEHGLQ
WKHWKRXJKWZKLFKRFFXSLHGKLPDWWKHPRPHQWGLGQRWDOORZ
HLWKHUKLVPHPRU\RUKLVLPDJLQDWLRQWRVWUD\WRWKHSDVW
7KH(QJOLVKPDQZLWKWKHFRROQHVVRIKLVQDWLRQDGGUHVVHG
KLPLQWHUPVQHDUO\VLPLODUWRWKRVHZLWKZKLFKKHKDG
DFFRVWHGWKHPD\RURI0DUVHLOOHV2KVLUH[FODLPHG0GH
%RYLOOH\RXUIHDUVDUHXQIRUWXQDWHO\EXWWRRZHOOIRXQGHG
DQG\RXVHHEHIRUH\RXDPDQLQGHVSDLU,KDGWZRKXQGUHG
WKRXVDQGIUDQFVSODFHGLQWKHKDQGVRI0RUUHO 6RQWKHVH
WZRKXQGUHGWKRXVDQGIUDQFVZHUHWKHGRZU\RIP\GDXJKWHU
ZKRZDVWREHPDUULHGLQDIRUWQLJKWDQGWKHVHWZRKXQGUHG
WKRXVDQGIUDQFVZHUHSD\DEOHKDOIRQWKHWKRIWKLV
PRQWKDQGWKHRWKHUKDOIRQWKHWKRIQH[WPRQWK,KDG
LQIRUPHG00RUUHORIP\GHVLUHWRKDYHWKHVHSD\PHQWV
SXQFWXDOO\DQGKHKDVEHHQKHUHZLWKLQWKHODVWKDOIKRXU
WRWHOOPHWKDWLIKLVVKLSWKH3KDUDRQGLGQRWFRPHLQWR
SRUWRQWKHWKKHZRXOGEHZKROO\XQDEOHWRPDNHWKLV
SD\PHQW
%XWVDLGWKH(QJOLVKPDQWKLVORRNVYHU\PXFKOLNHD
VXVSHQVLRQRISD\PHQW
,WORRNVPRUHOLNHEDQNUXSWF\H[FODLPHG0GH%RYLOOH
GHVSDLULQJO\
7KH(QJOLVKPDQDSSHDUHGWRUHIOHFWDPRPHQWDQGWKHQVDLG
)URPZKLFKLWZRXOGDSSHDUVLUWKDWWKLVFUHGLW
LQVSLUHV\RXZLWKFRQVLGHUDEOHDSSUHKHQVLRQ"
7RWHOO\RXWKHWUXWK,FRQVLGHULWORVW
:HOOWKHQ,ZLOOEX\LWRI\RX

301

<RX"
<HV,
%XWDWDWUHPHQGRXVGLVFRXQWRIFRXUVH"
1RIRUWZRKXQGUHGWKRXVDQGIUDQFV2XUKRXVHDGGHGWKH
(QJOLVKPDQZLWKDODXJKGRHVQRWGRWKLQJVLQWKDWZD\
$QG\RXZLOOSD\
5HDG\PRQH\$QGWKH(QJOLVKPDQGUHZIURPKLVSRFNHWD
EXQGOHRIEDQNQRWHVZKLFKPLJKWKDYHEHHQWZLFHWKHVXP0
GH%RYLOOHIHDUHGWRORVH$UD\RIMR\SDVVHGDFURVV0GH
%RYLOOH
VFRXQWHQDQFH\HWKHPDGHDQHIIRUWDW
VHOIFRQWURODQGVDLG6LU,RXJKWWRWHOO\RXWKDW
LQDOOSUREDELOLW\\RXZLOOQRWUHDOL]HVL[SHUFHQWRI
WKLVVXP
7KDW
VQRDIIDLURIPLQHUHSOLHGWKH(QJOLVKPDQWKDWLV
WKHDIIDLURIWKHKRXVHRI7KRPVRQ )UHQFKLQZKRVHQDPH,
DFW7KH\KDYHSHUKDSVVRPHPRWLYHWRVHUYHLQKDVWHQLQJ
WKHUXLQRIDULYDOILUP%XWDOO,NQRZVLULVWKDW,DP
UHDG\WRKDQG\RXRYHUWKLVVXPLQH[FKDQJHIRU\RXU
DVVLJQPHQWRIWKHGHEW,RQO\DVNDEURNHUDJH
2IFRXUVHWKDWLVSHUIHFWO\MXVWFULHG0GH%RYLOOH
7KHFRPPLVVLRQLVXVXDOO\RQHDQGDKDOIZLOO\RXKDYHWZR
WKUHHILYHSHUFHQWRUHYHQPRUH":KDWHYHU\RXVD\
6LUUHSOLHGWKH(QJOLVKPDQODXJKLQJ,DPOLNHP\
KRXVHDQGGRQRWGRVXFKWKLQJVQRWKHFRPPLVVLRQ,DVN
LVTXLWHGLIIHUHQW
1DPHLWVLU,EHJ
<RXDUHWKHLQVSHFWRURISULVRQV"
,KDYHEHHQVRWKHVHIRXUWHHQ\HDUV
<RXNHHSWKHUHJLVWHUVRIHQWULHVDQGGHSDUWXUHV"
,GR

302

7RWKHVHUHJLVWHUVWKHUHDUHDGGHGQRWHVUHODWLYHWRWKH
SULVRQHUV"
7KHUHDUHVSHFLDOUHSRUWVRQHYHU\SULVRQHU
:HOOVLU,ZDVHGXFDWHGDWKRPHE\DSRRUGHYLORIDQ
DEEHZKRGLVDSSHDUHGVXGGHQO\,KDYHVLQFHOHDUQHGWKDWKH
ZDVFRQILQHGLQWKH&KDWHDXG
,IDQG,VKRXOGOLNHWROHDUQ
VRPHSDUWLFXODUVRIKLVGHDWK
:KDWZDVKLVQDPH"
7KH$EEH)DULD
2K,UHFROOHFWKLPSHUIHFWO\FULHG0GH%RYLOOHKH
ZDVFUD]\
6RWKH\VDLG
2KKHZDVGHFLGHGO\
9HU\SRVVLEO\EXWZKDWVRUWRIPDGQHVVZDVLW"
+HSUHWHQGHGWRNQRZRIDQLPPHQVHWUHDVXUHDQGRIIHUHG
YDVWVXPVWRWKHJRYHUQPHQWLIWKH\ZRXOGOLEHUDWHKLP
3RRUGHYLODQGKHLVGHDG"
<HVVLUILYHRUVL[PRQWKVDJRODVW)HEUXDU\
<RXKDYHDJRRGPHPRU\VLUWRUHFROOHFWGDWHVVRZHOO
,UHFROOHFWWKLVEHFDXVHWKHSRRUGHYLO
VGHDWKZDV
DFFRPSDQLHGE\DVLQJXODULQFLGHQW
0D\,DVNZKDWWKDWZDV"VDLGWKH(QJOLVKPDQZLWKDQ
H[SUHVVLRQRIFXULRVLW\ZKLFKDFORVHREVHUYHUZRXOGKDYH
EHHQDVWRQLVKHGDWGLVFRYHULQJLQKLVSKOHJPDWLF
FRXQWHQDQFH
2KGHDU\HVVLUWKHDEEH
VGXQJHRQZDVIRUW\RUILIW\
IHHWGLVWDQWIURPWKDWRIRQHRI%RQDSDUWH
VHPLVVDULHV
RQHRIWKRVHZKRKDGFRQWULEXWHGWKHPRVWWRWKHUHWXUQRI

303

WKHXVXUSHULQDYHU\UHVROXWHDQGYHU\GDQJHURXV
PDQ
,QGHHGVDLGWKH(QJOLVKPDQ
<HVUHSOLHG0GH%RYLOOH,P\VHOIKDGRFFDVLRQWRVHH
WKLVPDQLQRUDQGZHFRXOGRQO\JRLQWRKLV
GXQJHRQZLWKDILOHRIVROGLHUV7KDWPDQPDGHDGHHS
LPSUHVVLRQRQPH,VKDOOQHYHUIRUJHWKLVFRXQWHQDQFH7KH
(QJOLVKPDQVPLOHGLPSHUFHSWLEO\
$QG\RXVD\VLUKHLQWHUSRVHGWKDWWKHWZRGXQJHRQV

:HUHVHSDUDWHGE\DGLVWDQFHRIILIW\IHHWEXWLWDSSHDUV
WKDWWKLV(GPRQG'DQWHV
7KLVGDQJHURXVPDQ
VQDPHZDV
(GPRQG'DQWHV,WDSSHDUVVLUWKDWWKLV(GPRQG'DQWHVKDG
SURFXUHGWRROVRUPDGHWKHPIRUWKH\IRXQGDWXQQHO
WKURXJKZKLFKWKHSULVRQHUVKHOGFRPPXQLFDWLRQZLWKRQH
DQRWKHU
7KLVWXQQHOZDVGXJQRGRXEWZLWKDQLQWHQWLRQRI
HVFDSH"
1RGRXEWEXWXQIRUWXQDWHO\IRUWKHSULVRQHUVWKH$EEH
)DULDKDGDQDWWDFNRIFDWDOHSV\DQGGLHG
7KDWPXVWKDYHFXWVKRUWWKHSURMHFWVRIHVFDSH
)RUWKHGHDGPDQ\HVUHSOLHG0GH%RYLOOHEXWQRWIRU
WKHVXUYLYRURQWKHFRQWUDU\WKLV'DQWHVVDZDPHDQVRI
DFFHOHUDWLQJKLVHVFDSH+HQRGRXEWWKRXJKWWKDW
SULVRQHUVZKRGLHGLQWKH&KDWHDXG
,IZHUHLQWHUUHGLQDQ
RUGLQDU\EXULDOJURXQGDQGKHFRQYH\HGWKHGHDGPDQLQWR
KLVRZQFHOOWRRNKLVSODFHLQWKHVDFNLQZKLFKWKH\KDG
VHZHGXSWKHFRUSVHDQGDZDLWHGWKHPRPHQWRILQWHUPHQW
,WZDVDEROGVWHSDQGRQHWKDWVKRZHGVRPHFRXUDJH
UHPDUNHGWKH(QJOLVKPDQ
$V,KDYHDOUHDG\WROG\RXVLUKHZDVDYHU\GDQJHURXV

304

PDQDQGIRUWXQDWHO\E\KLVRZQDFWGLVHPEDUUDVVHGWKH
JRYHUQPHQWRIWKHIHDUVLWKDGRQKLVDFFRXQW
+RZZDVWKDW"
+RZ"'R\RXQRWFRPSUHKHQG"
1R
7KH&KDWHDXG
,IKDVQRFHPHWHU\DQGWKH\VLPSO\WKURZWKH
GHDGLQWRWKHVHDDIWHUIDVWHQLQJDWKLUW\VL[SRXQG
FDQQRQEDOOWRWKHLUIHHW
:HOOREVHUYHGWKH(QJOLVKPDQDVLIKHZHUHVORZRI
FRPSUHKHQVLRQ
:HOOWKH\IDVWHQHGDWKLUW\VL[SRXQGEDOOWRKLVIHHW
DQGWKUHZKLPLQWRWKHVHD
5HDOO\H[FODLPHGWKH(QJOLVKPDQ
<HVVLUFRQWLQXHGWKHLQVSHFWRURISULVRQV<RXPD\
LPDJLQHWKHDPD]HPHQWRIWKHIXJLWLYHZKHQKHIRXQGKLPVHOI
IOXQJKHDGORQJRYHUWKHURFNV,VKRXOGOLNHWRKDYHVHHQ
KLVIDFHDWWKDWPRPHQW
7KDWZRXOGKDYHEHHQGLIILFXOW
1RPDWWHUUHSOLHG'H%RYLOOHLQVXSUHPHJRRGKXPRUDW
WKHFHUWDLQW\RIUHFRYHULQJKLVWZRKXQGUHGWKRXVDQGIUDQFV
QRPDWWHU,FDQIDQF\LW$QGKHVKRXWHGZLWK
ODXJKWHU
6RFDQ,VDLGWKH(QJOLVKPDQDQGKHODXJKHGWRREXWKH
ODXJKHGDVWKH(QJOLVKGRDWWKHHQGRIKLVWHHWK
$QGVRFRQWLQXHGWKH(QJOLVKPDQZKRILUVWJDLQHGKLV
FRPSRVXUHKHZDVGURZQHG"
8QTXHVWLRQDEO\
6RWKDWWKHJRYHUQRUJRWULGRIWKHGDQJHURXVDQGWKHFUD]\
SULVRQHUDWWKHVDPHWLPH"

305

3UHFLVHO\
%XWVRPHRIILFLDOGRFXPHQWZDVGUDZQXSDVWRWKLVDIIDLU
,VXSSRVH"LQTXLUHGWKH(QJOLVKPDQ
<HV\HVWKHPRUWXDU\GHSRVLWLRQ<RXXQGHUVWDQG'DQWHV

UHODWLRQVLIKHKDGDQ\PLJKWKDYHVRPHLQWHUHVWLQ
NQRZLQJLIKHZHUHGHDGRUDOLYH
6RWKDWQRZLIWKHUHZHUHDQ\WKLQJWRLQKHULWIURPKLP
WKH\PD\GRVRZLWKHDV\FRQVFLHQFH+HLVGHDGDQGQR
PLVWDNHDERXWLW
2K\HVDQGWKH\PD\KDYHWKHIDFWDWWHVWHGZKHQHYHUWKH\
SOHDVH
6REHLWVDLGWKH(QJOLVKPDQ%XWWRUHWXUQWRWKHVH
UHJLVWHUV
7UXHWKLVVWRU\KDVGLYHUWHGRXUDWWHQWLRQIURPWKHP
([FXVHPH
([FXVH\RXIRUZKDW")RUWKHVWRU\"%\QRPHDQVLWUHDOO\
VHHPVWRPHYHU\FXULRXV
<HVLQGHHG6RVLU\RXZLVKWRVHHDOOUHODWLQJWRWKH
SRRUDEEHZKRUHDOO\ZDVJHQWOHQHVVLWVHOI
<HV\RXZLOOPXFKREOLJHPH
*RLQWRP\VWXG\KHUHDQG,ZLOOVKRZLWWR\RX$QGWKH\
ERWKHQWHUHG0GH%RYLOOH
VVWXG\(YHU\WKLQJZDVKHUH
DUUDQJHGLQSHUIHFWRUGHUHDFKUHJLVWHUKDGLWVQXPEHU
HDFKILOHRISDSHUVLWVSODFH7KHLQVSHFWRUEHJJHGWKH
(QJOLVKPDQWRVHDWKLPVHOILQDQDUPFKDLUDQGSODFHG
EHIRUHKLPWKHUHJLVWHUDQGGRFXPHQWVUHODWLYHWRWKH
&KDWHDXG
,IJLYLQJKLPDOOWKHWLPHKHGHVLUHGIRUWKH
H[DPLQDWLRQZKLOH'H%RYLOOHVHDWHGKLPVHOILQDFRUQHU
DQGEHJDQWRUHDGKLVQHZVSDSHU7KH(QJOLVKPDQHDVLO\IRXQG
WKHHQWULHVUHODWLYHWRWKH$EEH)DULDEXWLWVHHPHGWKDW
WKHKLVWRU\ZKLFKWKHLQVSHFWRUKDGUHODWHGLQWHUHVWHGKLP
JUHDWO\IRUDIWHUKDYLQJSHUXVHGWKHILUVWGRFXPHQWVKH
WXUQHGRYHUWKHOHDYHVXQWLOKHUHDFKHGWKHGHSRVLWLRQ
UHVSHFWLQJ(GPRQG'DQWHV7KHUHKHIRXQGHYHU\WKLQJDUUDQJHG

306

LQGXHRUGHUWKHDFFXVDWLRQH[DPLQDWLRQ0RUUHO
V
SHWLWLRQ0GH9LOOHIRUW
VPDUJLQDOQRWHV+HIROGHGXSWKH
DFFXVDWLRQTXLHWO\DQGSXWLWDVTXLHWO\LQKLVSRFNHW
UHDGWKHH[DPLQDWLRQDQGVDZWKDWWKHQDPHRI1RLUWLHUZDV
QRWPHQWLRQHGLQLWSHUXVHGWRRWKHDSSOLFDWLRQGDWHG
WK$SULOLQZKLFK0RUUHOE\WKHGHSXW\SURFXUHXU
V
DGYLFHH[DJJHUDWHGZLWKWKHEHVWLQWHQWLRQV IRU1DSROHRQ
ZDVWKHQRQWKHWKURQH WKHVHUYLFHV'DQWHVKDGUHQGHUHGWR
WKHLPSHULDOFDXVHVHUYLFHVZKLFK9LOOHIRUW
V
FHUWLILFDWHVUHQGHUHGLQGLVSHQVDEOH7KHQKHVDZWKURXJKWKH
ZKROHWKLQJ7KLVSHWLWLRQWR1DSROHRQNHSWEDFNE\
9LOOHIRUWKDGEHFRPHXQGHUWKHVHFRQGUHVWRUDWLRQD
WHUULEOHZHDSRQDJDLQVWKLPLQWKHKDQGVRIWKHNLQJ
V
DWWRUQH\+HZDVQRORQJHUDVWRQLVKHGZKHQKHVHDUFKHGRQWR
ILQGLQWKHUHJLVWHUWKLVQRWHSODFHGLQDEUDFNHWDJDLQVW
KLVQDPH
(GPRQG'DQWHV
$QLQYHWHUDWH%RQDSDUWLVWWRRNDQDFWLYHSDUWLQWKHUHWXUQ
IURPWKH,VODQGRI(OED
7REHNHSWLQVWULFWVROLWDU\FRQILQHPHQWDQGWREHFORVHO\
ZDWFKHGDQGJXDUGHG
%HQHDWKWKHVHOLQHVZDVZULWWHQLQDQRWKHUKDQG6HHQRWH
DERYHQRWKLQJFDQEHGRQH+HFRPSDUHGWKHZULWLQJLQ
WKHEUDFNHWZLWKWKHZULWLQJRIWKHFHUWLILFDWHSODFHG
EHQHDWK0RUUHO
VSHWLWLRQDQGGLVFRYHUHGWKDWWKHQRWHLQ
WKHEUDFNHWZDVWKHVRPHZULWLQJDVWKHFHUWLILFDWHWKDW
LVWRVD\ZDVLQ9LOOHIRUW
VKDQGZULWLQJ$VWRWKHQRWH
ZKLFKDFFRPSDQLHGWKLVWKH(QJOLVKPDQXQGHUVWRRGWKDWLW
PLJKWKDYHEHHQDGGHGE\VRPHLQVSHFWRUZKRKDGWDNHQD
PRPHQWDU\LQWHUHVWLQ'DQWHV
VLWXDWLRQEXWZKRKDGIURP
WKHUHPDUNVZHKDYHTXRWHGIRXQGLWLPSRVVLEOHWRJLYHDQ\
HIIHFWWRWKHLQWHUHVWKHKDGIHOW
$VZHKDYHVDLGWKHLQVSHFWRUIURPGLVFUHWLRQDQGWKDWKH
PLJKWQRWGLVWXUEWKH$EEH)DULD
VSXSLOLQKLVUHVHDUFKHV
KDGVHDWHGKLPVHOILQDFRUQHUDQGZDVUHDGLQJ/H'UDSHDX
%ODQF+HGLGQRWVHHWKH(QJOLVKPDQIROGXSDQGSODFHLQ
KLVSRFNHWWKHDFFXVDWLRQZULWWHQE\'DQJODUVXQGHUWKH
DUERURI/D5HVHUYHDQGZKLFKKDGWKHSRVWPDUN
0DUVHLOOHVWK)HEGHOLYHU\R
FORFN30%XWLW

307

PXVWEHVDLGWKDWLIKHKDGVHHQLWKHDWWDFKHGVROLWWOH
LPSRUWDQFHWRWKLVVFUDSRISDSHUDQGVRPXFKLPSRUWDQFHWR
KLVWZRKXQGUHGWKRXVDQGIUDQFVWKDWKHZRXOGQRWKDYH
RSSRVHGZKDWHYHUWKH(QJOLVKPDQPLJKWGRKRZHYHULUUHJXODU
LWPLJKWEH
7KDQNVVDLGWKHODWWHUFORVLQJWKHUHJLVWHUZLWKDVODP
,KDYHDOO,ZDQWQRZLWLVIRUPHWRSHUIRUPP\SURPLVH
*LYHPHDVLPSOHDVVLJQPHQWRI\RXUGHEWDFNQRZOHGJH
WKHUHLQWKHUHFHLSWRIWKHFDVKDQG,ZLOOKDQG\RXRYHU
WKHPRQH\+HURVHJDYHKLVVHDWWR0GH%RYLOOHZKR
WRRNLWZLWKRXWFHUHPRQ\DQGTXLFNO\GUHZXSWKHUHTXLUHG
DVVLJQPHQWZKLOHWKH(QJOLVKPDQFRXQWHGRXWWKHEDQNQRWHV
RQWKHRWKHUVLGHRIWKHGHVN

&KDSWHU
7KH+RXVHRI0RUUHO 6RQ
$Q\RQHZKRKDGTXLWWHG0DUVHLOOHVDIHZ\HDUVSUHYLRXVO\
ZHOODFTXDLQWHGZLWKWKHLQWHULRURI0RUUHO
VZDUHKRXVHDQG
KDGUHWXUQHGDWWKLVGDWHZRXOGKDYHIRXQGDJUHDWFKDQJH
,QVWHDGRIWKDWDLURIOLIHRIFRPIRUWDQGRIKDSSLQHVV
WKDWSHUPHDWHVDIORXULVKLQJDQGSURVSHURXVEXVLQHVV
HVWDEOLVKPHQWLQVWHDGRIPHUU\IDFHVDWWKHZLQGRZVEXV\
FOHUNVKXUU\LQJWRDQGIURLQWKHORQJFRUULGRUVLQVWHDG
RIWKHFRXUWILOOHGZLWKEDOHVRIJRRGVUHHFKRLQJZLWKWKH
FULHVDQGWKHMRNHVRISRUWHUVRQHZRXOGKDYHLPPHGLDWHO\
SHUFHLYHGDOODVSHFWRIVDGQHVVDQGJORRP2XWRIDOOWKH
QXPHURXVFOHUNVWKDWXVHGWRILOOWKHGHVHUWHGFRUULGRUDQG
WKHHPSW\RIILFHEXWWZRUHPDLQHG2QHZDVD\RXQJPDQRI
WKUHHRUIRXUDQGWZHQW\ZKRZDVLQORYHZLWK00RUUHO
V
GDXJKWHUDQGKDGUHPDLQHGZLWKKLPLQVSLWHRIWKHHIIRUWV
RIKLVIULHQGVWRLQGXFHKLPWRZLWKGUDZWKHRWKHUZDVDQ
ROGRQHH\HGFDVKLHUFDOOHG&RFOHVRU&RFNH\HD
QLFNQDPHJLYHQKLPE\WKH\RXQJPHQZKRXVHGWRWKURQJWKLV
YDVWQRZDOPRVWGHVHUWHGEHHKLYHDQGZKLFKKDGVR
FRPSOHWHO\UHSODFHGKLVUHDOQDPHWKDWKHZRXOGQRWLQDOO
SUREDELOLW\KDYHUHSOLHGWRDQ\RQHZKRDGGUHVVHGKLPE\
LW
&RFOHVUHPDLQHGLQ00RUUHO
VVHUYLFHDQGDPRVWVLQJXODU
FKDQJHKDGWDNHQSODFHLQKLVSRVLWLRQKHKDGDWWKHVDPH

308

WLPHULVHQWRWKHUDQNRIFDVKLHUDQGVXQNWRWKHUDQNRID
VHUYDQW+HZDVKRZHYHUWKHVDPH&RFOHVJRRGSDWLHQW
GHYRWHGEXWLQIOH[LEOHRQWKHVXEMHFWRIDULWKPHWLFWKH
RQO\SRLQWRQZKLFKKHZRXOGKDYHVWRRGILUPDJDLQVWWKH
ZRUOGHYHQDJDLQVW00RUUHODQGVWURQJLQWKH
PXOWLSOLFDWLRQWDEOHZKLFKKHKDGDWKLVILQJHUV
HQGVQR
PDWWHUZKDWVFKHPHRUZKDWWUDSZDVODLGWRFDWFKKLP,Q
WKHPLGVWRIWKHGLVDVWHUVWKDWEHIHOOWKHKRXVH&RFOHVZDV
WKHRQO\RQHXQPRYHG%XWWKLVGLGQRWDULVHIURPDZDQWRI
DIIHFWLRQRQWKHFRQWUDU\IURPDILUPFRQYLFWLRQ/LNHWKH
UDWVWKDWRQHE\RQHIRUVDNHWKHGRRPHGVKLSHYHQEHIRUHWKH
YHVVHOZHLJKVDQFKRUVRDOOWKHQXPHURXVFOHUNVKDGE\
GHJUHHVGHVHUWHGWKHRIILFHDQGWKHZDUHKRXVH&RFOHVKDG
VHHQWKHPJRZLWKRXWWKLQNLQJRILQTXLULQJWKHFDXVHRI
WKHLUGHSDUWXUH(YHU\WKLQJZDVDVZHKDYHVDLGDTXHVWLRQ
RIDULWKPHWLFWR&RFOHVDQGGXULQJWZHQW\\HDUVKHKDG
DOZD\VVHHQDOOSD\PHQWVPDGHZLWKVXFKH[DFWLWXGHWKDWLW
VHHPHGDVLPSRVVLEOHWRKLPWKDWWKHKRXVHVKRXOGVWRS
SD\PHQWDVLWZRXOGWRDPLOOHUWKDWWKHULYHUWKDWKDGVR
ORQJWXUQHGKLVPLOOVKRXOGFHDVHWRIORZ
1RWKLQJKDGDV\HWRFFXUUHGWRVKDNH&RFOHV
EHOLHIWKH
ODVWPRQWK
VSD\PHQWKDGEHHQPDGHZLWKWKHPRVWVFUXSXORXV
H[DFWLWXGH&RFOHVKDGGHWHFWHGDQRYHUEDODQFHRIIRXUWHHQ
VRXVLQKLVFDVKDQGWKHVDPHHYHQLQJKHKDGEURXJKWWKHP
WR00RUUHOZKRZLWKDPHODQFKRO\VPLOHWKUHZWKHPLQWR
DQDOPRVWHPSW\GUDZHUVD\LQJ
7KDQNV&RFOHV\RXDUHWKHSHDUORIFDVKLHUV
&RFOHVZHQWDZD\SHUIHFWO\KDSS\IRUWKLVHXORJLXPRI0
0RUUHOKLPVHOIWKHSHDUORIWKHKRQHVWPHQRI0DUVHLOOHV
IODWWHUHGKLPPRUHWKDQDSUHVHQWRIILIW\FURZQV%XWVLQFH
WKHHQGRIWKHPRQWK00RUUHOKDGSDVVHGPDQ\DQDQ[LRXV
KRXU,QRUGHUWRPHHWWKHSD\PHQWVWKHQGXHKHKDG
FROOHFWHGDOOKLVUHVRXUFHVDQGIHDULQJOHVWWKHUHSRUWRI
KLVGLVWUHVVVKRXOGJHWEUXLWHGDEURDGDW0DUVHLOOHVZKHQKH
ZDVNQRZQWREHUHGXFHGWRVXFKDQH[WUHPLW\KHZHQWWRWKH
%HDXFDLUHIDLUWRVHOOKLVZLIH
VDQGGDXJKWHU
VMHZHOVDQG
DSRUWLRQRIKLVSODWH%\WKLVPHDQVWKHHQGRIWKHPRQWK
ZDVSDVVHGEXWKLVUHVRXUFHVZHUHQRZH[KDXVWHG&UHGLW
RZLQJWRWKHUHSRUWVDIORDWZDVQRORQJHUWREHKDGDQGWR
PHHWWKHRQHKXQGUHGWKRXVDQGIUDQFVGXHRQWKHWKRIWKH
SUHVHQWPRQWKDQGWKHRQHKXQGUHGWKRXVDQGIUDQFVGXHRQ

309

WKHWKRIWKHQH[WPRQWKWR0GH%RYLOOH00RUUHOKDG
LQUHDOLW\QRKRSHEXWWKHUHWXUQRIWKH3KDUDRQRIZKRVH
GHSDUWXUHKHKDGOHDUQWIURPDYHVVHOZKLFKKDGZHLJKHG
DQFKRUDWWKHVDPHWLPHDQGZKLFKKDGDOUHDG\DUULYHGLQ
KDUERU%XWWKLVYHVVHOZKLFKOLNHWKH3KDUDRQFDPHIURP
&DOFXWWDKDGEHHQLQIRUDIRUWQLJKWZKLOHQRLQWHOOLJHQFH
KDGEHHQUHFHLYHGRIWKH3KDUDRQ
6XFKZDVWKHVWDWHRIDIIDLUVZKHQWKHGD\DIWHUKLV
LQWHUYLHZZLWK0GH%RYLOOHWKHFRQILGHQWLDOFOHUNRIWKH
KRXVHRI7KRPVRQ )UHQFKRI5RPHSUHVHQWHGKLPVHOIDW0
0RUUHO
V(PPDQXHOUHFHLYHGKLPWKLV\RXQJPDQZDVDODUPHG
E\WKHDSSHDUDQFHRIHYHU\QHZIDFHIRUHYHU\QHZIDFH
PLJKWEHWKDWRIDQHZFUHGLWRUFRPHLQDQ[LHW\WRTXHVWLRQ
WKHKHDGRIWKHKRXVH7KH\RXQJPDQZLVKLQJWRVSDUHKLV
HPSOR\HUWKHSDLQRIWKLVLQWHUYLHZTXHVWLRQHGWKH
QHZFRPHUEXWWKHVWUDQJHUGHFODUHGWKDWKHKDGQRWKLQJWR
VD\WR0(PPDQXHODQGWKDWKLVEXVLQHVVZDVZLWK00RUUHO
LQSHUVRQ(PPDQXHOVLJKHGDQGVXPPRQHG&RFOHV&RFOHV
DSSHDUHGDQGWKH\RXQJPDQEDGHKLPFRQGXFWWKHVWUDQJHUWR
00RUUHO
VDSDUWPHQW&RFOHVZHQWILUVWDQGWKHVWUDQJHU
IROORZHGKLP2QWKHVWDLUFDVHWKH\PHWDEHDXWLIXOJLUORI
VL[WHHQRUVHYHQWHHQZKRORRNHGZLWKDQ[LHW\DWWKH
VWUDQJHU
00RUUHOLVLQKLVURRPLVKHQRW0DGHPRLVHOOH-XOLH"
VDLGWKHFDVKLHU
<HV,WKLQNVRDWOHDVWVDLGWKH\RXQJJLUO
KHVLWDWLQJO\*RDQGVHH&RFOHVDQGLIP\IDWKHULV
WKHUHDQQRXQFHWKLVJHQWOHPDQ
,WZLOOEHXVHOHVVWRDQQRXQFHPHPDGHPRLVHOOHUHWXUQHG
WKH(QJOLVKPDQ00RUUHOGRHVQRWNQRZP\QDPHWKLV
ZRUWK\JHQWOHPDQKDVRQO\WRDQQRXQFHWKHFRQILGHQWLDOFOHUN
RIWKHKRXVHRI7KRPVRQ )UHQFKRI5RPHZLWKZKRP\RXU
IDWKHUGRHVEXVLQHVV
7KH\RXQJJLUOWXUQHGSDOHDQGFRQWLQXHGWRGHVFHQGZKLOH
WKHVWUDQJHUDQG&RFOHVFRQWLQXHGWRPRXQWWKHVWDLUFDVH
6KHHQWHUHGWKHRIILFHZKHUH(PPDQXHOZDVZKLOH&RFOHVE\
WKHDLGRIDNH\KHSRVVHVVHGRSHQHGDGRRULQWKHFRUQHU
RIDODQGLQJSODFHRQWKHVHFRQGVWDLUFDVHFRQGXFWHGWKH
VWUDQJHULQWRDQDQWHFKDPEHURSHQHGDVHFRQGGRRUZKLFK

310

KHFORVHGEHKLQGKLPDQGDIWHUKDYLQJOHIWWKHFOHUNRIWKH
KRXVHRI7KRPVRQ )UHQFKDORQHUHWXUQHGDQGVLJQHGWRKLP
WKDWKHFRXOGHQWHU7KH(QJOLVKPDQHQWHUHGDQGIRXQG
0RUUHOVHDWHGDWDWDEOHWXUQLQJRYHUWKHIRUPLGDEOH
FROXPQVRIKLVOHGJHUZKLFKFRQWDLQHGWKHOLVWRIKLV
OLDELOLWLHV$WWKHVLJKWRIWKHVWUDQJHU00RUUHOFORVHG
WKHOHGJHUDURVHDQGRIIHUHGDVHDWWRWKHVWUDQJHUDQG
ZKHQKHKDGVHHQKLPVHDWHGUHVXPHGKLVRZQFKDLU)RXUWHHQ
\HDUVKDGFKDQJHGWKHZRUWK\PHUFKDQWZKRLQKLV
WKLUW\VL[WK\HDUDWWKHRSHQLQJRIWKLVKLVWRU\ZDVQRZLQ
KLVILIWLHWKKLVKDLUKDGWXUQHGZKLWHWLPHDQGVRUURZKDG
SORXJKHGGHHSIXUURZVRQKLVEURZDQGKLVORRNRQFHVR
ILUPDQGSHQHWUDWLQJZDVQRZLUUHVROXWHDQGZDQGHULQJDV
LIKHIHDUHGEHLQJIRUFHGWRIL[KLVDWWHQWLRQRQVRPH
SDUWLFXODUWKRXJKWRUSHUVRQ7KH(QJOLVKPDQORRNHGDWKLP
ZLWKDQDLURIFXULRVLW\HYLGHQWO\PLQJOHGZLWKLQWHUHVW
0RQVLHXUVDLG0RUUHOZKRVHXQHDVLQHVVZDVLQFUHDVHGE\
WKLVH[DPLQDWLRQ\RXZLVKWRVSHDNWRPH"
<HVPRQVLHXU\RXDUHDZDUHIURPZKRP,FRPH"
7KHKRXVHRI7KRPVRQ )UHQFKDWOHDVWVRP\FDVKLHU
WHOOVPH
+HKDVWROG\RXULJKWO\7KHKRXVHRI7KRPVRQ )UHQFKKDG
RUIUDQFVWRSD\WKLVPRQWKLQ)UDQFHDQG
NQRZLQJ\RXUVWULFWSXQFWXDOLW\KDYHFROOHFWHGDOOWKH
ELOOVEHDULQJ\RXUVLJQDWXUHDQGFKDUJHGPHDVWKH\EHFDPH
GXHWRSUHVHQWWKHPDQGWRHPSOR\WKHPRQH\RWKHUZLVH
0RUUHOVLJKHGGHHSO\DQGSDVVHGKLVKDQGRYHUKLVIRUHKHDG
ZKLFKZDVFRYHUHGZLWKSHUVSLUDWLRQ
6RWKHQVLUVDLG0RUUHO\RXKROGELOOVRIPLQH"
<HVDQGIRUDFRQVLGHUDEOHVXP
:KDWLVWKHDPRXQW"DVNHG0RUUHOZLWKDYRLFHKHVWURYHWR
UHQGHUILUP
+HUHLVVDLGWKH(QJOLVKPDQWDNLQJDTXDQWLW\RISDSHUV
IURPKLVSRFNHWDQDVVLJQPHQWRIIUDQFVWRRXU
KRXVHE\0GH%RYLOOHWKHLQVSHFWRURISULVRQVWRZKRP
WKH\DUHGXH<RXDFNQRZOHGJHRIFRXUVHWKDW\RXRZHWKLV
VXPWRKLP"

311

<HVKHSODFHGWKHPRQH\LQP\KDQGVDWIRXUDQGDKDOISHU
FHQWQHDUO\ILYH\HDUVDJR
:KHQDUH\RXWRSD\"
+DOIWKHWKRIWKLVPRQWKKDOIWKHWKRIQH[W
-XVWVRDQGQRZKHUHDUHIUDQFVSD\DEOHVKRUWO\
WKH\DUHDOOVLJQHGE\\RXDQGDVVLJQHGWRRXUKRXVHE\WKH
KROGHUV
,UHFRJQL]HWKHPVDLG0RUUHOZKRVHIDFHZDVVXIIXVHGDV
KHWKRXJKWWKDWIRUWKHILUVWWLPHLQKLVOLIHKHZRXOGEH
XQDEOHWRKRQRUKLVRZQVLJQDWXUH,VWKLVDOO"
1R,KDYHIRUWKHHQGRIWKHPRQWKWKHVHELOOVZKLFKKDYH
EHHQDVVLJQHGWRXVE\WKHKRXVHRI3DVFDODQGWKHKRXVHRI
:LOG 7XUQHURI0DUVHLOOHVDPRXQWLQJWRQHDUO\
IUDQFVLQDOOIUDQFV,WLVLPSRVVLEOHWR
GHVFULEHZKDW0RUUHOVXIIHUHGGXULQJWKLVHQXPHUDWLRQ7ZR
KXQGUHGDQGHLJKW\VHYHQWKRXVDQGILYHKXQGUHGIUDQFV
UHSHDWHGKH
<HVVLUUHSOLHGWKH(QJOLVKPDQ,ZLOOQRWFRQWLQXHG
KHDIWHUDPRPHQW
VVLOHQFHFRQFHDOIURP\RXWKDWZKLOH
\RXUSURELW\DQGH[DFWLWXGHXSWRWKLVPRPHQWDUH
XQLYHUVDOO\DFNQRZOHGJHG\HWWKHUHSRUWLVFXUUHQWLQ
0DUVHLOOHVWKDW\RXDUHQRWDEOHWRPHHW\RXUOLDELOLWLHV
$WWKLVDOPRVWEUXWDOVSHHFK0RUUHOWXUQHGGHDWKO\SDOH
6LUVDLGKHXSWRWKLVWLPHDQGLWLVQRZPRUHWKDQ
IRXUDQGWZHQW\\HDUVVLQFH,UHFHLYHGWKHGLUHFWLRQRIWKLV
KRXVHIURPP\IDWKHUZKRKDGKLPVHOIFRQGXFWHGLWIRUILYH
DQGWKLUW\\HDUVQHYHUKDVDQ\WKLQJEHDULQJWKHVLJQDWXUH
RI0RUUHO 6RQEHHQGLVKRQRUHG
,NQRZWKDWUHSOLHGWKH(QJOLVKPDQ%XWDVDPDQRI
KRQRUVKRXOGDQVZHUDQRWKHUWHOOPHIDLUO\VKDOO\RXSD\
WKHVHZLWKWKHVDPHSXQFWXDOLW\"0RUUHOVKXGGHUHGDQG
ORRNHGDWWKHPDQZKRVSRNHZLWKPRUHDVVXUDQFHWKDQKHKDG
KLWKHUWRVKRZQ7RTXHVWLRQVIUDQNO\SXWVDLGKHD
VWUDLJKWIRUZDUGDQVZHUVKRXOGEHJLYHQ<HV,VKDOOSD\
LIDV,KRSHP\YHVVHODUULYHVVDIHO\IRULWVDUULYDO
ZLOODJDLQSURFXUHPHWKHFUHGLWZKLFKWKHQXPHURXV

312

DFFLGHQWVRIZKLFK,KDYHEHHQWKHYLFWLPKDYHGHSULYHG
PHEXWLIWKH3KDUDRQVKRXOGEHORVWDQGWKLVODVW
UHVRXUFHEHJRQHWKHSRRUPDQ
VH\HVILOOHGZLWKWHDUV
:HOOVDLGWKHRWKHULIWKLVODVWUHVRXUFHIDLO\RX"
:HOOUHWXUQHG0RUUHOLWLVDFUXHOWKLQJWREHIRUFHG
WRVD\EXWDOUHDG\XVHGWRPLVIRUWXQH,PXVWKDELWXDWH
P\VHOIWRVKDPH,IHDU,VKDOOEHIRUFHGWRVXVSHQG
SD\PHQW
+DYH\RXQRIULHQGVZKRFRXOGDVVLVW\RX"0RUUHOVPLOHG
PRXUQIXOO\,QEXVLQHVVVLUVDLGKHRQHKDVQR
IULHQGVRQO\FRUUHVSRQGHQWV
,WLVWUXHPXUPXUHGWKH(QJOLVKPDQWKHQ\RXKDYHEXW
RQHKRSH
%XWRQH
7KHODVW"
7KHODVW
6RWKDWLIWKLVIDLO
,DPUXLQHGFRPSOHWHO\UXLQHG
$V,ZDVRQP\ZD\KHUHDYHVVHOZDVFRPLQJLQWRSRUW
,NQRZLWVLUD\RXQJPDQZKRVWLOODGKHUHVWRP\IDOOHQ
IRUWXQHVSDVVHVDSDUWRIKLVWLPHLQDEHOYLGHUHDWWKH
WRSRIWKHKRXVHLQKRSHVRIEHLQJWKHILUVWWRDQQRXQFH
JRRGQHZVWRPHKHKDVLQIRUPHGPHRIWKHDUULYDORIWKLV
VKLS
$QGLWLVQRW\RXUV"
1RVKHLVD%RUGHDX[YHVVHO/D*LURQGHVKHFRPHVIURP
,QGLDDOVREXWVKHLVQRWPLQH
3HUKDSVVKHKDVVSRNHQWKH3KDUDRQDQGEULQJV\RXVRPH
WLGLQJVRIKHU"

313

6KDOO,WHOO\RXSODLQO\RQHWKLQJVLU",GUHDGDOPRVWDV
PXFKWRUHFHLYHDQ\WLGLQJVRIP\YHVVHODVWRUHPDLQLQ
GRXEWXQFHUWDLQW\LVVWLOOKRSH7KHQLQDORZYRLFH
0RUUHODGGHG7KLVGHOD\LVQRWQDWXUDO7KH3KDUDRQ
OHIW&DOFXWWDWKHWK)HEUXDU\VKHRXJKWWRKDYHEHHQKHUH
DPRQWKDJR
:KDWLVWKDW"VDLGWKH(QJOLVKPDQ:KDWLVWKHPHDQLQJRI
WKDWQRLVH"
2KRKFULHG0RUUHOWXUQLQJSDOHZKDWLVLW"$ORXG
QRLVHZDVKHDUGRQWKHVWDLUVRISHRSOHPRYLQJKDVWLO\DQG
KDOIVWLIOHGVREV0RUUHOURVHDQGDGYDQFHGWRWKHGRRUEXW
KLVVWUHQJWKIDLOHGKLPDQGKHVDQNLQWRDFKDLU7KHWZR
PHQUHPDLQHGRSSRVLWHRQHDQRWKHU0RUUHOWUHPEOLQJLQHYHU\
OLPEWKHVWUDQJHUJD]LQJDWKLPZLWKDQDLURISURIRXQG
SLW\7KHQRLVHKDGFHDVHGEXWLWVHHPHGWKDW0RUUHO
H[SHFWHGVRPHWKLQJVRPHWKLQJKDGRFFDVLRQHGWKHQRLVH
DQGVRPHWKLQJPXVWIROORZ7KHVWUDQJHUIDQFLHGKHKHDUG
IRRWVWHSVRQWKHVWDLUVDQGWKDWWKHIRRWVWHSVZKLFKZHUH
WKRVHRIVHYHUDOSHUVRQVVWRSSHGDWWKHGRRU$NH\ZDV
LQVHUWHGLQWKHORFNRIWKHILUVWGRRUDQGWKHFUHDNLQJRI
KLQJHVZDVDXGLEOH
7KHUHDUHRQO\WZRSHUVRQVZKRKDYHWKHNH\WRWKDWGRRU
PXUPXUHG0RUUHO&RFOHVDQG-XOLH$WWKLVLQVWDQWWKH
VHFRQGGRRURSHQHGDQGWKH\RXQJJLUOKHUH\HVEDWKHGZLWK
WHDUVDSSHDUHG0RUUHOURVHWUHPEOLQJO\VXSSRUWLQJKLPVHOI
E\WKHDUPRIWKHFKDLU+HZRXOGKDYHVSRNHQEXWKLVYRLFH
IDLOHGKLP2KIDWKHUVDLGVKHFODVSLQJKHUKDQGV
IRUJLYH\RXUFKLOGIRUEHLQJWKHEHDUHURIHYLOWLGLQJV
0RUUHODJDLQFKDQJHGFRORU-XOLHWKUHZKHUVHOILQWRKLV
DUPV
2KIDWKHUIDWKHUPXUPXUHGVKHFRXUDJH
7KH3KDUDRQKDVJRQHGRZQWKHQ"VDLG0RUUHOLQDKRDUVH
YRLFH7KH\RXQJJLUOGLGQRWVSHDNEXWVKHPDGHDQ
DIILUPDWLYHVLJQZLWKKHUKHDGDVVKHOD\RQKHUIDWKHU
V
EUHDVW
$QGWKHFUHZ"DVNHG0RUUHO

314

6DYHGVDLGWKHJLUOVDYHGE\WKHFUHZRIWKHYHVVHO
WKDWKDVMXVWHQWHUHGWKHKDUERU0RUUHOUDLVHGKLVWZR
KDQGVWRKHDYHQZLWKDQH[SUHVVLRQRIUHVLJQDWLRQDQG
VXEOLPHJUDWLWXGH7KDQNVP\*RGVDLGKHDWOHDVWWKRX
VWULNHVWEXWPHDORQH$WHDUPRLVWHQHGWKHH\HRIWKH
SKOHJPDWLF(QJOLVKPDQ
&RPHLQFRPHLQVDLG0RUUHOIRU,SUHVXPH\RXDUHDOO
DWWKHGRRU
6FDUFHO\KDGKHXWWHUHGWKRVHZRUGVWKDQ0DGDPH0RUUHO
HQWHUHGZHHSLQJELWWHUO\(PPDQXHOIROORZHGKHUDQGLQWKH
DQWHFKDPEHUZHUHYLVLEOHWKHURXJKIDFHVRIVHYHQRUHLJKW
KDOIQDNHGVDLORUV$WWKHVLJKWRIWKHVHPHQWKH(QJOLVKPDQ
VWDUWHGDQGDGYDQFHGDVWHSWKHQUHVWUDLQHGKLPVHOIDQG
UHWLUHGLQWRWKHIDUWKHVWDQGPRVWREVFXUHFRUQHURIWKH
DSDUWPHQW0DGDPH0RUUHOVDWGRZQE\KHUKXVEDQGDQGWRRN
RQHRIKLVKDQGVLQKHUV-XOLHVWLOOOD\ZLWKKHUKHDGRQ
KLVVKRXOGHU(PPDQXHOVWRRGLQWKHFHQWUHRIWKHFKDPEHU
DQGVHHPHGWRIRUPWKHOLQNEHWZHHQ0RUUHO
VIDPLO\DQGWKH
VDLORUVDWWKHGRRU
+RZGLGWKLVKDSSHQ"VDLG0RUUHO
'UDZQHDUHU3HQHORQVDLGWKH\RXQJPDQDQGWHOOXVDOO
DERXWLW
$QROGVHDPDQEURQ]HGE\WKHWURSLFDOVXQDGYDQFHG
WZLUOLQJWKHUHPDLQVRIDWDUSDXOLQEHWZHHQKLVKDQGV
*RRGGD\00RUUHOVDLGKHDVLIKHKDGMXVWTXLWWHG
0DUVHLOOHVWKHSUHYLRXVHYHQLQJDQGKDGMXVWUHWXUQHGIURP
$L[RU7RXORQ
*RRGGD\3HQHORQUHWXUQHG0RUUHOZKRFRXOGQRWUHIUDLQ
IURPVPLOLQJWKURXJKKLVWHDUVZKHUHLVWKHFDSWDLQ"
7KHFDSWDLQ00RUUHOKHKDVVWD\HGEHKLQGVLFNDW
3DOPDEXWSOHDVH*RGLWZRQ
WEHPXFKDQG\RXZLOOVHH
KLPLQDIHZGD\VDOODOLYHDQGKHDUW\
:HOOQRZWHOO\RXUVWRU\3HQHORQ
3HQHORQUROOHGKLVTXLGLQKLVFKHHNSODFHGKLVKDQGEHIRUH
KLVPRXWKWXUQHGKLVKHDGDQGVHQWDORQJMHWRI

315

WREDFFRMXLFHLQWRWKHDQWHFKDPEHUDGYDQFHGKLVIRRW
EDODQFHGKLPVHOIDQGEHJDQ<RXVHH00RUUHOVDLG
KHZHZHUHVRPHZKHUHEHWZHHQ&DSH%ODQFDQG&DSH%R\DGRU
VDLOLQJZLWKDIDLUEUHH]HVRXWKVRXWKZHVWDIWHUDZHHN
V
FDOPZKHQ&DSWDLQ*DXPDUGFRPHVXSWRPH,ZDVDWWKH
KHOP,VKRXOGWHOO\RXDQGVD\VC3HQHORQZKDWGR\RX
WKLQNRIWKRVHFORXGVFRPLQJXSRYHUWKHUH"
,ZDVMXVWWKHQ
ORRNLQJDWWKHPP\VHOIC:KDWGR,WKLQNFDSWDLQ":K\,
WKLQNWKDWWKH\DUHULVLQJIDVWHUWKDQWKH\KDYHDQ\
EXVLQHVVWRGRDQGWKDWWKH\ZRXOGQRWEHVREODFNLIWKH\
GLGQ
WPHDQPLVFKLHI
C7KDW
VP\RSLQLRQWRR
VDLGWKH
FDSWDLQCDQG,
OOWDNHSUHFDXWLRQVDFFRUGLQJO\:HDUH
FDUU\LQJWRRPXFKFDQYDV$YDVWWKHUHDOOKDQGV7DNHLQ
WKHVWXGGLQJVO
VDQGVWRZWKHIO\LQJMLE
,WZDVWLPHWKH
VTXDOOZDVRQXVDQGWKHYHVVHOEHJDQWRKHHOC$K
VDLG
WKHFDSWDLQCZHKDYHVWLOOWRRPXFKFDQYDVVHWDOOKDQGV
ORZHUWKHPDLQV
O
)LYHPLQXWHVDIWHULWZDVGRZQDQGZH
VDLOHGXQGHUPL]]HQWRSV
OVDQGWR
JDOO
QWVDLOVC:HOO
3HQHORQ
VDLGWKHFDSWDLQCZKDWPDNHV\RXVKDNH\RXU
KHDG"
C:K\
,VD\VC,VWLOOWKLQN\RX
YHJRWWRRPXFK
RQ
C,WKLQN\RX
UHULJKW
DQVZHUHGKHCZHVKDOOKDYHD
JDOH
C$JDOH"0RUHWKDQWKDWZHVKDOOKDYHDWHPSHVWRU
,GRQ
WNQRZZKDW
VZKDW
<RXFRXOGVHHWKHZLQGFRPLQJ
OLNHWKHGXVWDW0RQWUHGRQOXFNLO\WKHFDSWDLQXQGHUVWRRG
KLVEXVLQHVVC7DNHLQWZRUHHIVLQWKHWRSV
OV
FULHGWKH
FDSWDLQCOHWJRWKHERZOLQ
VKDXOWKHEUDFHORZHUWKH
WR
JDOO
QWVDLOVKDXORXWWKHUHHIWDFNOHVRQWKH\DUGV

7KDWZDVQRWHQRXJKIRUWKRVHODWLWXGHVVDLGWKH
(QJOLVKPDQ,VKRXOGKDYHWDNHQIRXUUHHIVLQWKHWRSVDLOV
DQGIXUOHGWKHVSDQNHU
+LVILUPVRQRURXVDQGXQH[SHFWHGYRLFHPDGHHYHU\RQH
VWDUW3HQHORQSXWKLVKDQGRYHUKLVH\HVDQGWKHQVWDUHG
DWWKHPDQZKRWKXVFULWLFL]HGWKHPDQRHXYUHVRIKLV
FDSWDLQ:HGLGEHWWHUWKDQWKDWVLUVDLGWKHROGVDLORU
UHVSHFWIXOO\ZHSXWWKHKHOPXSWRUXQEHIRUHWKHWHPSHVW
WHQPLQXWHVDIWHUZHVWUXFNRXUWRSV
OVDQGVFXGGHGXQGHU
EDUHSROHV
7KHYHVVHOZDVYHU\ROGWRULVNWKDWVDLGWKH(QJOLVKPDQ
(KLWZDVWKDWWKDWGLGWKHEXVLQHVVDIWHUSLWFKLQJ
KHDYLO\IRUWZHOYHKRXUVZHVSUXQJDOHDNC3HQHORQ
VDLG

316

WKHFDSWDLQC,WKLQNZHDUHVLQNLQJJLYHPHWKHKHOPDQG
JRGRZQLQWRWKHKROG
,JDYHKLPWKHKHOPDQGGHVFHQGHG
WKHUHZDVDOUHDG\WKUHHIHHWRIZDWHUC$OOKDQGVWRWKH
SXPSV
,VKRXWHGEXWLWZDVWRRODWHDQGLWVHHPHGWKH
PRUHZHSXPSHGWKHPRUHFDPHLQC$K
VDLG,DIWHUIRXU
KRXUV
ZRUNCVLQFHZHDUHVLQNLQJOHWXVVLQNZHFDQGLH
EXWRQFH
C7KDW
VWKHH[DPSOH\RXVHW3HQHORQ
FULHVWKH
FDSWDLQCYHU\ZHOOZDLWDPLQXWH
+HZHQWLQWRKLVFDELQ
DQGFDPHEDFNZLWKDEUDFHRISLVWROVC,ZLOOEORZWKH
EUDLQVRXWRIWKHILUVWPDQZKROHDYHVWKHSXPS
VDLGKH
:HOOGRQHVDLGWKH(QJOLVKPDQ
7KHUH
VQRWKLQJJLYHV\RXVRPXFKFRXUDJHDVJRRGUHDVRQV
FRQWLQXHGWKHVDLORUDQGGXULQJWKDWWLPHWKHZLQGKDG
DEDWHGDQGWKHVHDJRQHGRZQEXWWKHZDWHUNHSWULVLQJ
QRWPXFKRQO\WZRLQFKHVDQKRXUEXWVWLOOLWURVH7ZR
LQFKHVDQKRXUGRHVQRWVHHPPXFKEXWLQWZHOYHKRXUVWKDW
PDNHVWZRIHHWDQGWKUHHZHKDGEHIRUHWKDWPDNHVILYH
C&RPH
VDLGWKHFDSWDLQCZHKDYHGRQHDOOLQRXUSRZHU
DQG00RUUHOZLOOKDYHQRWKLQJWRUHSURDFKXVZLWKZHKDYH
WULHGWRVDYHWKHVKLSOHWXVQRZVDYHRXUVHOYHV7RWKH
ERDWVP\ODGVDVTXLFNDV\RXFDQ
1RZFRQWLQXHG
3HQHORQ\RXVHH00RUUHODVDLORULVDWWDFKHGWRKLV
VKLSEXWVWLOOPRUHWRKLVOLIHVRZHGLGQRWZDLWWREH
WROGWZLFHWKHPRUHVRWKDWWKHVKLSZDVVLQNLQJXQGHUXV
DQGVHHPHGWRVD\C*HWDORQJVDYH\RXUVHOYHV
:HVRRQ
ODXQFKHGWKHERDWDQGDOOHLJKWRIXVJRWLQWRLW7KH
FDSWDLQGHVFHQGHGODVWRUUDWKHUKHGLGQRWGHVFHQGKH
ZRXOGQRWTXLWWKHYHVVHOVR,WRRNKLPURXQGWKHZDLVW
DQGWKUHZKLPLQWRWKHERDWDQGWKHQ,MXPSHGDIWHUKLP,W
ZDVWLPHIRUMXVWDV,MXPSHGWKHGHFNEXUVWZLWKDQRLVH
OLNHWKHEURDGVLGHRIDPDQRIZDU7HQPLQXWHVDIWHUVKH
SLWFKHGIRUZDUGWKHQWKHRWKHUZD\VSXQURXQGDQGURXQG
DQGWKHQJRRGE\WRWKH3KDUDRQ$VIRUXVZHZHUHWKUHH
GD\VZLWKRXWDQ\WKLQJWRHDWRUGULQNVRWKDWZHEHJDQWR
WKLQNRIGUDZLQJORWVZKRVKRXOGIHHGWKHUHVWZKHQZHVDZ
/D*LURQGHZHPDGHVLJQDOVRIGLVWUHVVVKHSHUFHLYHGXV
PDGHIRUXVDQGWRRNXVDOORQERDUG7KHUHQRZ00RUUHO
WKDW
VWKHZKROHWUXWKRQWKHKRQRURIDVDLORULVQRWLW
WUXH\RXIHOORZVWKHUH"$JHQHUDOPXUPXURIDSSUREDWLRQ
VKRZHGWKDWWKHQDUUDWRUKDGIDLWKIXOO\GHWDLOHGWKHLU
PLVIRUWXQHVDQGVXIIHULQJV

317

:HOOZHOOVDLG00RUUHO,NQRZWKHUHZDVQRRQHLQ
IDXOWEXWGHVWLQ\,WZDVWKHZLOORI*RGWKDWWKLVVKRXOG
KDSSHQEOHVVHGEHKLVQDPH:KDWZDJHVDUHGXHWR\RX"
2KGRQ
WOHWXVWDONRIWKDW00RUUHO
<HVEXWZHZLOOWDONRILW
:HOOWKHQWKUHHPRQWKVVDLG3HQHORQ
&RFOHVSD\WZRKXQGUHGIUDQFVWRHDFKRIWKHVHJRRG
IHOORZVVDLG0RUUHO$WDQRWKHUWLPHDGGHGEH,
VKRXOGKDYHVDLG*LYHWKHPEHVLGHVWZRKXQGUHGIUDQFV
RYHUDVDSUHVHQWEXWWLPHVDUHFKDQJHGDQGWKHOLWWOH
PRQH\WKDWUHPDLQVWRPHLVQRWP\RZQ
3HQHORQWXUQHGWRKLVFRPSDQLRQVDQGH[FKDQJHGDIHZZRUGV
ZLWKWKHP
$VIRUWKDW00RUUHOVDLGKHDJDLQWXUQLQJKLVTXLG
DVIRUWKDW
$VIRUZKDW"
7KHPRQH\
:HOO
:HOOZHDOOVD\WKDWILIW\IUDQFVZLOOEHHQRXJKIRUXVDW
SUHVHQWDQGWKDWZHZLOOZDLWIRUWKHUHVW
7KDQNVP\IULHQGVWKDQNVFULHG0RUUHOJUDWHIXOO\WDNH
LWWDNHLWDQGLI\RXFDQILQGDQRWKHUHPSOR\HUHQWHU
KLVVHUYLFH\RXDUHIUHHWRGRVR7KHVHODVWZRUGV
SURGXFHGDSURGLJLRXVHIIHFWRQWKHVHDPDQ3HQHORQQHDUO\
VZDOORZHGKLVTXLGIRUWXQDWHO\KHUHFRYHUHG:KDW0
0RUUHOVDLGKHLQDORZYRLFH\RXVHQGXVDZD\\RXDUH
WKHQDQJU\ZLWKXV
1RQRVDLG00RUUHO,DPQRWDQJU\TXLWHWKH
FRQWUDU\DQG,GRQRWVHQG\RXDZD\EXW,KDYHQRPRUH
VKLSVDQGWKHUHIRUH,GRQRWZDQWDQ\VDLORUV
1RPRUHVKLSVUHWXUQHG3HQHORQZHOOWKHQ\RX
OOEXLOG

318

VRPHZH
OOZDLWIRU\RX
,KDYHQRPRQH\WREXLOGVKLSVZLWK3HQHORQVDLGWKH
SRRURZQHUPRXUQIXOO\VR,FDQQRWDFFHSW\RXUNLQGRIIHU
1RPRUHPRQH\"7KHQ\RXPXVWQRWSD\XVZHFDQVFXGOLNH
WKH3KDUDRQXQGHUEDUHSROHV
(QRXJKHQRXJKFULHG0RUUHODOPRVWRYHUSRZHUHGOHDYH
PH,SUD\\RXZHVKDOOPHHWDJDLQLQDKDSSLHUWLPH
(PPDQXHOJRZLWKWKHPDQGVHHWKDWP\RUGHUVDUH
H[HFXWHG
$WOHDVWZHVKDOOVHHHDFKRWKHUDJDLQ00RUUHO"DVNHG
3HQHORQ
<HV,KRSHVRDWOHDVW1RZJR+HPDGHDVLJQWR
&RFOHVZKRZHQWILUVWWKHVHDPHQIROORZHGKLPDQG(PPDQXHO
EURXJKWXSWKHUHDU1RZVDLGWKHRZQHUWRKLVZLIHDQG
GDXJKWHUOHDYHPH,ZLVKWRVSHDNZLWKWKLVJHQWOHPDQ
$QGKHJODQFHGWRZDUGVWKHFOHUNRI7KRPVRQ )UHQFKZKR
KDGUHPDLQHGPRWLRQOHVVLQWKHFRUQHUGXULQJWKLVVFHQHLQ
ZKLFKKHKDGWDNHQQRSDUWH[FHSWWKHIHZZRUGVZHKDYH
PHQWLRQHG7KHWZRZRPHQORRNHGDWWKLVSHUVRQZKRVH
SUHVHQFHWKH\KDGHQWLUHO\IRUJRWWHQDQGUHWLUHGEXWDV
VKHOHIWWKHDSDUWPHQW-XOLHJDYHWKHVWUDQJHUD
VXSSOLFDWLQJJODQFHWRZKLFKKHUHSOLHGE\DVPLOHWKDWDQ
LQGLIIHUHQWVSHFWDWRUZRXOGKDYHEHHQVXUSULVHGWRVHHRQ
KLVVWHUQIHDWXUHV7KHWZRPHQZHUHOHIWDORQH:HOO
VLUVDLG0RUUHOVLQNLQJLQWRDFKDLU\RXKDYHKHDUG
DOODQG,KDYHQRWKLQJIXUWKHUWRWHOO\RX
,VHHUHWXUQHGWKH(QJOLVKPDQWKDWDIUHVKDQG
XQPHULWHGPLVIRUWXQHKLVRYHUZKHOPHG\RXDQGWKLVRQO\
LQFUHDVHVP\GHVLUHWRVHUYH\RX
2KVLUFULHG0RUUHO
/HWPHVHHFRQWLQXHGWKHVWUDQJHU,DPRQHRI\RXU
ODUJHVWFUHGLWRUV
<RXUELOOVDWOHDVWDUHWKHILUVWWKDWZLOOIDOOGXH
'R\RXZLVKIRUWLPHWRSD\"

319

$GHOD\ZRXOGVDYHP\KRQRUDQGFRQVHTXHQWO\P\OLIH
+RZORQJDGHOD\GR\RXZLVKIRU"0RUUHOUHIOHFWHG
7ZRPRQWKVVDLGKH
,ZLOOJLYH\RXWKUHHUHSOLHGWKHVWUDQJHU
%XWDVNHG0RUUHOZLOOWKHKRXVHRI7KRPVRQ )UHQFK
FRQVHQW"
2K,WDNHHYHU\WKLQJRQP\VHOI7RGD\LVWKHWKRI
-XQH
<HV
:HOOUHQHZWKHVHELOOVXSWRWKHWKRI6HSWHPEHUDQGRQ
WKHWKRI6HSWHPEHUDWHOHYHQR
FORFN WKHKDQGRIWKH
FORFNSRLQWHGWRHOHYHQ ,VKDOOFRPHWRUHFHLYHWKH
PRQH\
,VKDOOH[SHFW\RXUHWXUQHG0RUUHODQG,ZLOOSD\\RX
RU,VKDOOKHGHDG7KHVHODVWZRUGVZHUHXWWHUHGLQVR
ORZDWRQHWKDWWKHVWUDQJHUFRXOGQRWKHDUWKHP7KHELOOV
ZHUHUHQHZHGWKHROGRQHVGHVWUR\HGDQGWKHSRRU
VKLSRZQHUIRXQGKLPVHOIZLWKWKUHHPRQWKVEHIRUHKLPWR
FROOHFWKLVUHVRXUFHV7KH(QJOLVKPDQUHFHLYHGKLVWKDQNV
ZLWKWKHSKOHJPSHFXOLDUWRKLVQDWLRQDQG0RUUHO
RYHUZKHOPLQJKLPZLWKJUDWHIXOEOHVVLQJVFRQGXFWHGKLPWR
WKHVWDLUFDVH7KHVWUDQJHUPHW-XOLHRQWKHVWDLUVVKH
SUHWHQGHGWREHGHVFHQGLQJEXWLQUHDOLW\VKHZDVZDLWLQJ
IRUKLP2KVLUVDLGVKHFODVSLQJKHUKDQGV
0DGHPRLVHOOHVDLGWKHVWUDQJHURQHGD\\RXZLOOUHFHLYH
DOHWWHUVLJQHGC6LQEDGWKH6DLORU
'RH[DFWO\ZKDWWKH
OHWWHUELGV\RXKRZHYHUVWUDQJHLWPD\DSSHDU
<HVVLUUHWXUQHG-XOLH
'R\RXSURPLVH"
,VZHDUWR\RX,ZLOO
,WLVZHOO$GLHXPDGHPRLVHOOH&RQWLQXHWREHWKHJRRG

320

VZHHWJLUO\RXDUHDWSUHVHQWDQG,KDYHJUHDWKRSHVWKDW
KHDYHQZLOOUHZDUG\RXE\JLYLQJ\RX(PPDQXHOIRUD
KXVEDQG
-XOLHXWWHUHGDIDLQWFU\EOXVKHGOLNHDURVHDQGOHDQHG
DJDLQVWWKHEDOXVWHU7KHVWUDQJHUZDYHGKLVKDQGDQG
FRQWLQXHGWRGHVFHQG,QWKHFRXUWKHIRXQG3HQHORQZKR
ZLWKDURXOHDXRIDKXQGUHGIUDQFVLQHLWKHUKDQGVHHPHG
XQDEOHWRPDNHXSKLVPLQGWRUHWDLQWKHP&RPHZLWKPHP\
IULHQGVDLGWKH(QJOLVKPDQ,ZLVKWRVSHDNWR\RX

&KDSWHU
7KH)LIWKRI6HSWHPEHU
7KHH[WHQVLRQSURYLGHGIRUE\WKHDJHQWRI7KRPVRQ )UHQFK
DWWKHPRPHQWZKHQ0RUUHOH[SHFWHGLWOHDVWZDVWRWKHSRRU
VKLSRZQHUVRGHFLGHGDVWURNHRIJRRGIRUWXQHWKDWKHDOPRVW
GDUHGWREHOLHYHWKDWIDWHZDVDWOHQJWKJURZQZHDU\RI
ZDVWLQJKHUVSLWHXSRQKLP7KHVDPHGD\KHWROGKLVZLIH
(PPDQXHODQGKLVGDXJKWHUDOOWKDWKDGRFFXUUHGDQGDUD\
RIKRSHLIQRWRIWUDQTXLOOLW\UHWXUQHGWRWKHIDPLO\
8QIRUWXQDWHO\KRZHYHU0RUUHOKDGQRWRQO\HQJDJHPHQWVZLWK
WKHKRXVHRI7KRPVRQ )UHQFKZKRKDGVKRZQWKHPVHOYHVVR
FRQVLGHUDWHWRZDUGVKLPDQGDVKHKDGVDLGLQEXVLQHVVKH
KDGFRUUHVSRQGHQWVDQGQRWIULHQGV:KHQKHWKRXJKWWKH
PDWWHURYHUKHFRXOGE\QRPHDQVDFFRXQWIRUWKLVJHQHURXV
FRQGXFWRQWKHSDUWRI7KRPVRQ )UHQFKWRZDUGVKLPDQG
FRXOGRQO\DWWULEXWHLWWRVRPHVXFKVHOILVKDUJXPHQWDV
WKLV:HKDGEHWWHUKHOSDPDQZKRRZHVXVQHDUO\
IUDQFVDQGKDYHWKRVHIUDQFVDWWKHHQGRI
WKUHHPRQWKVWKDQKDVWHQKLVUXLQDQGJHWRQO\VL[RUHLJKW
SHUFHQWRIRXUPRQH\EDFNDJDLQ8QIRUWXQDWHO\ZKHWKHU
WKURXJKHQY\RUVWXSLGLW\DOO0RUUHO
VFRUUHVSRQGHQWVGLG
QRWWDNHWKLVYLHZDQGVRPHHYHQFDPHWRDFRQWUDU\
GHFLVLRQ7KHELOOVVLJQHGE\0RUUHOZHUHSUHVHQWHGDWKLV
RIILFHZLWKVFUXSXORXVH[DFWLWXGHDQGWKDQNVWRWKHGHOD\
JUDQWHGE\WKH(QJOLVKPDQZHUHSDLGE\&RFOHVZLWKHTXDO
SXQFWXDOLW\&RFOHVWKXVUHPDLQHGLQKLVDFFXVWRPHG
WUDQTXLOOLW\,WZDV0RUUHODORQHZKRUHPHPEHUHGZLWKDODUP
WKDWLIKHKDGWRUHSD\RQWKHWKWKHIUDQFVRI0
GH%RYLOOHDQGRQWKHWKWKHIUDQFVRIELOOVIRU
ZKLFKDVZHOODVWKHGHEWGXHWRWKHLQVSHFWRURISULVRQV

321

KHKDGWLPHJUDQWHGKHPXVWEHDUXLQHGPDQ
7KHRSLQLRQRIDOOWKHFRPPHUFLDOPHQZDVWKDWXQGHUWKH
UHYHUVHVZKLFKKDGVXFFHVVLYHO\ZHLJKHGGRZQ0RUUHOLWZDV
LPSRVVLEOHIRUKLPWRUHPDLQVROYHQW*UHDWWKHUHIRUHZDV
WKHDVWRQLVKPHQWZKHQDWWKHHQGRIWKHPRQWKKHFDQFHOOHG
DOOKLVREOLJDWLRQVZLWKKLVXVXDOSXQFWXDOLW\6WLOO
FRQILGHQFHZDVQRWUHVWRUHGWRDOOPLQGVDQGWKHJHQHUDO
RSLQLRQZDVWKDWWKHFRPSOHWHUXLQRIWKHXQIRUWXQDWH
VKLSRZQHUKDGEHHQSRVWSRQHGRQO\XQWLOWKHHQGRIWKH
PRQWK7KHPRQWKSDVVHGDQG0RUUHOPDGHH[WUDRUGLQDU\
HIIRUWVWRJHWLQDOOKLVUHVRXUFHV)RUPHUO\KLVSDSHUDW
DQ\GDWHZDVWDNHQZLWKFRQILGHQFHDQGZDVHYHQLQ
UHTXHVW0RUUHOQRZWULHGWRQHJRWLDWHELOOVDWQLQHW\GD\V
RQO\DQGQRQHRIWKHEDQNVZRXOGJLYHKLPFUHGLW
)RUWXQDWHO\0RUUHOKDGVRPHIXQGVFRPLQJLQRQZKLFKKH
FRXOGUHO\DQGDVWKH\UHDFKHGKLPKHIRXQGKLPVHOILQD
FRQGLWLRQWRPHHWKLVHQJDJHPHQWVZKHQWKHHQGRI-XO\FDPH
7KHDJHQWRI7KRPVRQ )UHQFKKDGQRWEHHQDJDLQVHHQDW
0DUVHLOOHVWKHGD\DIWHURUWZRGD\VDIWHUKLVYLVLWWR
0RUUHOKHKDGGLVDSSHDUHGDQGDVLQWKDWFLW\KHKDGKDG
QRLQWHUFRXUVHEXWZLWKWKHPD\RUWKHLQVSHFWRURISULVRQV
DQG00RUUHOKLVGHSDUWXUHOHIWQRWUDFHH[FHSWLQWKH
PHPRULHVRIWKHVHWKUHHSHUVRQV$VWRWKHVDLORUVRIWKH
3KDUDRQWKH\PXVWKDYHIRXQGVQXJEHUWKVHOVHZKHUHIRU
WKH\DOVRKDGGLVDSSHDUHG
&DSWDLQ*DXPDUGUHFRYHUHGIURPKLVLOOQHVVKDGUHWXUQHG
IURP3DOPD+HGHOD\HGSUHVHQWLQJKLPVHOIDW0RUUHO
VEXW
WKHRZQHUKHDULQJRIKLVDUULYDOZHQWWRVHHKLP7KH
ZRUWK\VKLSRZQHUNQHZIURP3HQHORQ
VUHFLWDORIWKH
FDSWDLQ
VEUDYHFRQGXFWGXULQJWKHVWRUPDQGWULHGWR
FRQVROHKLP+HEURXJKWKLPDOVRWKHDPRXQWRIKLVZDJHV
ZKLFK&DSWDLQ*DXPDUGKDGQRWGDUHGWRDSSO\IRU$VKH
GHVFHQGHGWKHVWDLUFDVH0RUUHOPHW3HQHORQZKRZDVJRLQJ
XS3HQHORQKDGLWZRXOGVHHPPDGHJRRGXVHRIKLVPRQH\
IRUKHZDVQHZO\FODG:KHQKHVDZKLVHPSOR\HUWKHZRUWK\
WDUVHHPHGPXFKHPEDUUDVVHGGUHZRQRQHVLGHLQWRWKH
FRUQHURIWKHODQGLQJSODFHSDVVHGKLVTXLGIURPRQHFKHHN
WRWKHRWKHUVWDUHGVWXSLGO\ZLWKKLVJUHDWH\HVDQGRQO\
DFNQRZOHGJHGWKHVTXHH]HRIWKHKDQGZKLFK0RUUHODVXVXDO
JDYHKLPE\DVOLJKWSUHVVXUHLQUHWXUQ0RUUHODWWULEXWHG
3HQHORQ
VHPEDUUDVVPHQWWRWKHHOHJDQFHRIKLVDWWLUHLW
ZDVHYLGHQWWKHJRRGIHOORZKDGQRWJRQHWRVXFKDQH[SHQVH

322

RQKLVRZQDFFRXQWKHZDVQRGRXEWHQJDJHGRQERDUGVRPH
RWKHUYHVVHODQGWKXVKLVEDVKIXOQHVVDURVHIURPWKHIDFW
RIKLVQRWKDYLQJLIZHPD\VRH[SUHVVRXUVHOYHVZRUQ
PRXUQLQJIRUWKH3KDUDRQORQJHU3HUKDSVKHKDGFRPHWRWHOO
&DSWDLQ*DXPDUGRIKLVJRRGOXFNDQGWRRIIHUKLP
HPSOR\PHQWIURPKLVQHZPDVWHU:RUWK\IHOORZVVDLG
0RUUHODVKHZHQWDZD\PD\\RXUQHZPDVWHUORYH\RXDV,
ORYHG\RXDQGEHPRUHIRUWXQDWHWKDQ,KDYHEHHQ
$XJXVWUROOHGE\LQXQFHDVLQJHIIRUWVRQWKHSDUWRI0RUUHO
WRUHQHZKLVFUHGLWRUUHYLYHWKHROG2QWKHWKRI$XJXVW
LWZDVNQRZQDW0DUVHLOOHVWKDWKHKDGOHIWWRZQLQWKH
PDLOFRDFKDQGWKHQLWZDVVDLGWKDWWKHELOOVZRXOGJRWR
SURWHVWDWWKHHQGRIWKHPRQWKDQGWKDW0RUUHOKDGJRQH
DZD\DQGOHIWKLVFKLHIFOHUN(PPDQXHODQGKLVFDVKLHU
&RFOHVWRPHHWWKHFUHGLWRUV%XWFRQWUDU\WRDOO
H[SHFWDWLRQZKHQWKHVWRI$XJXVWFDPHWKHKRXVHRSHQHG
DVXVXDODQG&RFOHVDSSHDUHGEHKLQGWKHJUDWLQJRIWKH
FRXQWHUH[DPLQHGDOOELOOVSUHVHQWHGZLWKWKHXVXDO
VFUXWLQ\DQGIURPILUVWWRODVWSDLGDOOZLWKWKHXVXDO
SUHFLVLRQ7KHUHFDPHLQPRUHRYHUWZRGUDIWVZKLFK0
0RUUHOKDGIXOO\DQWLFLSDWHGDQGZKLFK&RFOHVSDLGDV
SXQFWXDOO\DVWKHELOOVZKLFKWKHVKLSRZQHUKDGDFFHSWHG
$OOWKLVZDVLQFRPSUHKHQVLEOHDQGWKHQZLWKWKHWHQDFLW\
SHFXOLDUWRSURSKHWVRIEDGQHZVWKHIDLOXUHZDVSXWRII
XQWLOWKHHQGRI6HSWHPEHU2QWKHVW0RUUHOUHWXUQHGKH
ZDVDZDLWHGE\KLVIDPLO\ZLWKH[WUHPHDQ[LHW\IRUIURP
WKLVMRXUQH\WR3DULVWKH\KRSHGJUHDWWKLQJV0RUUHOKDG
WKRXJKWRI'DQJODUVZKRZDVQRZLPPHQVHO\ULFKDQGKDG
ODLQXQGHUJUHDWREOLJDWLRQVWR0RUUHOLQIRUPHUGD\VVLQFH
WRKLPLWZDVRZLQJWKDW'DQJODUVHQWHUHGWKHVHUYLFHRIWKH
6SDQLVKEDQNHUZLWKZKRPKHKDGODLGWKHIRXQGDWLRQVRIKLV
YDVWZHDOWK,WZDVVDLGDWWKLVPRPHQWWKDW'DQJODUVZDV
ZRUWKIURPVL[WRHLJKWPLOOLRQVRIIUDQFVDQGKDG
XQOLPLWHGFUHGLW'DQJODUVWKHQZLWKRXWWDNLQJDFURZQ
IURPKLVSRFNHWFRXOGVDYH0RUUHOKHKDGEXWWRSDVVKLV
ZRUGIRUDORDQDQG0RUUHOZDVVDYHG0RUUHOKDGORQJ
WKRXJKWRI'DQJODUVEXWKDGNHSWDZD\IURPVRPHLQVWLQFWLYH
PRWLYHDQGKDGGHOD\HGDVORQJDVSRVVLEOHDYDLOLQJKLPVHOI
RIWKLVODVWUHVRXUFH$QG0RUUHOZDVULJKWIRUKHUHWXUQHG
KRPHFUXVKHGE\WKHKXPLOLDWLRQRIDUHIXVDO<HWRQKLV
DUULYDO0RUUHOGLGQRWXWWHUDFRPSODLQWRUVD\RQHKDUVK
ZRUG+HHPEUDFHGKLVZHHSLQJZLIHDQGGDXJKWHUSUHVVHG
(PPDQXHO
VKDQGZLWKIULHQGO\ZDUPWKDQGWKHQJRLQJWRKLV

323

SULYDWHURRPRQWKHVHFRQGIORRUKDGVHQWIRU&RFOHV
7KHQVDLGWKHWZRZRPHQWR(PPDQXHOZHDUHLQGHHG
UXLQHG
,WZDVDJUHHGLQDEULHIFRXQFLOKHOGDPRQJWKHPWKDW-XOLH
VKRXOGZULWHWRKHUEURWKHUZKRZDVLQJDUULVRQDW1LPHV
WRFRPHWRWKHPDVVSHHGLO\DVSRVVLEOH7KHSRRUZRPHQIHOW
LQVWLQFWLYHO\WKDWWKH\UHTXLUHGDOOWKHLUVWUHQJWKWR
VXSSRUWWKHEORZWKDWLPSHQGHG%HVLGHV0D[LPLOLDQ0RUUHO
WKRXJKKDUGO\WZRDQGWZHQW\KDGJUHDWLQIOXHQFHRYHUKLV
IDWKHU+HZDVDVWURQJPLQGHGXSULJKW\RXQJPDQ$WWKH
WLPHZKHQKHGHFLGHGRQKLVSURIHVVLRQKLVIDWKHUKDGQR
GHVLUHWRFKRRVHIRUKLPEXWKDGFRQVXOWHG\RXQJ
0D[LPLOLDQ
VWDVWH+HKDGDWRQFHGHFODUHGIRUDPLOLWDU\
OLIHDQGKDGLQFRQVHTXHQFHVWXGLHGKDUGSDVVHG
EULOOLDQWO\WKURXJKWKH3RO\WHFKQLF6FKRRODQGOHIWLWDV
VXEOLHXWHQDQWRIWKHGRIWKHOLQH)RUD\HDUKHKDG
KHOGWKLVUDQNDQGH[SHFWHGSURPRWLRQRQWKHILUVWYDFDQF\
,QKLVUHJLPHQW0D[LPLOLDQ0RUUHOZDVQRWHGIRUKLVULJLG
REVHUYDQFHQRWRQO\RIWKHREOLJDWLRQVLPSRVHGRQD
VROGLHUEXWDOVRRIWKHGXWLHVRIDPDQDQGKHWKXVJDLQHG
WKHQDPHRIWKHVWRLF:HQHHGKDUGO\VD\WKDWPDQ\RI
WKRVHZKRJDYHKLPWKLVHSLWKHWUHSHDWHGLWEHFDXVHWKH\KDG
KHDUGLWDQGGLGQRWHYHQNQRZZKDWLWPHDQW7KLVZDVWKH
\RXQJPDQZKRPKLVPRWKHUDQGVLVWHUFDOOHGWRWKHLUDLGWR
VXVWDLQWKHPXQGHUWKHVHULRXVWULDOZKLFKWKH\IHOWWKH\
ZRXOGVRRQKDYHWRHQGXUH7KH\KDGQRWPLVWDNHQWKHJUDYLW\
RIWKLVHYHQWIRUWKHPRPHQWDIWHU0RUUHOKDGHQWHUHGKLV
SULYDWHRIILFHZLWK&RFOHV-XOLHVDZWKHODWWHUOHDYHLW
SDOHWUHPEOLQJDQGKLVIHDWXUHVEHWUD\LQJWKHXWPRVW
FRQVWHUQDWLRQ6KHZRXOGKDYHTXHVWLRQHGKLPDVKHSDVVHGE\
KHUEXWWKHZRUWK\FUHDWXUHKDVWHQHGGRZQWKHVWDLUFDVH
ZLWKXQXVXDOSUHFLSLWDWLRQDQGRQO\UDLVHGKLVKDQGVWR
KHDYHQDQGH[FODLPHG2KPDGHPRLVHOOHPDGHPRLVHOOHZKDW
DGUHDGIXOPLVIRUWXQH:KRFRXOGHYHUKDYHEHOLHYHGLW$
PRPHQWDIWHUZDUGV-XOLHVDZKLPJRXSVWDLUVFDUU\LQJWZRRU
WKUHHKHDY\OHGJHUVDSRUWIROLRDQGDEDJRIPRQH\
0RUUHOH[DPLQHGWKHOHGJHUVRSHQHGWKHSRUWIROLRDQG
FRXQWHGWKHPRQH\$OOKLVIXQGVDPRXQWHGWRRU
IUDQFVKLVELOOVUHFHLYDEOHXSWRWKHWKWRRU
ZKLFKPDNLQJWKHEHVWRIHYHU\WKLQJJDYHKLP
IUDQFVWRPHHWGHEWVDPRXQWLQJWRIUDQFV+HKDGQRW
HYHQWKHPHDQVIRUPDNLQJDSRVVLEOHVHWWOHPHQWRQDFFRXQW

324

+RZHYHUZKHQ0RUUHOZHQWGRZQWRKLVGLQQHUKHDSSHDUHG
YHU\FDOP7KLVFDOPQHVVZDVPRUHDODUPLQJWRWKHWZRZRPHQ
WKDQWKHGHHSHVWGHMHFWLRQZRXOGKDYHEHHQ$IWHUGLQQHU
0RUUHOXVXDOO\ZHQWRXWDQGXVHGWRWDNHKLVFRIIHHDWWKH
3KRFDHDQFOXEDQGUHDGWKH6HPDSKRUHWKLVGD\KHGLGQRW
OHDYHWKHKRXVHEXWUHWXUQHGWRKLVRIILFH
$VWR&RFOHVKHVHHPHGFRPSOHWHO\EHZLOGHUHG)RUSDUWRI
WKHGD\KHZHQWLQWRWKHFRXUW\DUGVHDWHGKLPVHOIRQD
VWRQHZLWKKLVKHDGEDUHDQGH[SRVHGWRWKHEOD]LQJVXQ
(PPDQXHOWULHGWRFRPIRUWWKHZRPHQEXWKLVHORTXHQFH
IDOWHUHG7KH\RXQJPDQZDVWRRZHOODFTXDLQWHGZLWKWKH
EXVLQHVVRIWKHKRXVHQRWWRIHHOWKDWDJUHDWFDWDVWURSKH
KXQJRYHUWKH0RUUHOIDPLO\1LJKWFDPHWKHWZRZRPHQKDG
ZDWFKHGKRSLQJWKDWZKHQKHOHIWKLVURRP0RUUHOZRXOGFRPH
WRWKHPEXWWKH\KHDUGKLPSDVVEHIRUHWKHLUGRRUDQG
WU\LQJWRFRQFHDOWKHQRLVHRIKLVIRRWVWHSV7KH\OLVWHQHG
KHZHQWLQWRKLVVOHHSLQJURRPDQGIDVWHQHGWKHGRRU
LQVLGH0DGDPH0RUUHOVHQWKHUGDXJKWHUWREHGDQGKDOIDQ
KRXUDIWHU-XOLHKDGUHWLUHGVKHURVHWRRNRIIKHUVKRHV
DQGZHQWVWHDOWKLO\DORQJWKHSDVVDJHWRVHHWKURXJKWKH
NH\KROHZKDWKHUKXVEDQGZDVGRLQJ,QWKHSDVVDJHVKHVDZD
UHWUHDWLQJVKDGRZLWZDV-XOLHZKRXQHDV\KHUVHOIKDG
DQWLFLSDWHGKHUPRWKHU7KH\RXQJODG\ZHQWWRZDUGV0DGDPH
0RUUHO
+HLVZULWLQJVKHVDLG7KH\KDGXQGHUVWRRGHDFKRWKHU
ZLWKRXWVSHDNLQJ0DGDPH0RUUHOORRNHGDJDLQWKURXJKWKH
NH\KROH0RUUHOZDVZULWLQJEXW0DGDPH0RUUHOUHPDUNHG
ZKDWKHUGDXJKWHUKDGQRWREVHUYHGWKDWKHUKXVEDQGZDV
ZULWLQJRQVWDPSHGSDSHU7KHWHUULEOHLGHDWKDWKHZDV
ZULWLQJKLVZLOOIODVKHGDFURVVKHUVKHVKXGGHUHGDQG\HW
KDGQRWVWUHQJWKWRXWWHUDZRUG1H[WGD\00RUUHOVHHPHG
DVFDOPDVHYHUZHQWLQWRKLVRIILFHDVXVXDOFDPHWRKLV
EUHDNIDVWSXQFWXDOO\DQGWKHQDIWHUGLQQHUKHSODFHGKLV
GDXJKWHUEHVLGHKLPWRRNKHUKHDGLQKLVDUPVDQGKHOGKHU
IRUDORQJWLPHDJDLQVWKLVERVRP,QWKHHYHQLQJ-XOLH
WROGKHUPRWKHUWKDWDOWKRXJKKHZDVDSSDUHQWO\VRFDOP
VKHKDGQRWLFHGWKDWKHUIDWKHU
VKHDUWEHDWYLROHQWO\7KH
QH[WWZRGD\VSDVVHGLQPXFKWKHVDPHZD\2QWKHHYHQLQJRI
WKHWKRI6HSWHPEHU00RUUHODVNHGKLVGDXJKWHUIRUWKH
NH\RIKLVVWXG\-XOLHWUHPEOHGDWWKLVUHTXHVWZKLFK
VHHPHGWRKHURIEDGRPHQ:K\GLGKHUIDWKHUDVNIRUWKLV
NH\ZKLFKVKHDOZD\VNHSWDQGZKLFKZDVRQO\WDNHQIURPKHU

325

LQFKLOGKRRGDVDSXQLVKPHQW"7KH\RXQJJLUOORRNHGDW
0RUUHO
:KDWKDYH,GRQHZURQJIDWKHUVKHVDLGWKDW\RXVKRXOG
WDNHWKLVNH\IURPPH"
1RWKLQJP\GHDUUHSOLHGWKHXQKDSS\PDQWKHWHDUV
VWDUWLQJWRKLVH\HVDWWKLVVLPSOHTXHVWLRQQRWKLQJ
RQO\,ZDQWLW-XOLHPDGHDSUHWHQFHWRIHHOIRUWKHNH\
,PXVWKDYHOHIWLWLQP\URRPVKHVDLG$QGVKHZHQW
RXWEXWLQVWHDGRIJRLQJWRKHUDSDUWPHQWVKHKDVWHQHGWR
FRQVXOW(PPDQXHO'RQRWJLYHWKLVNH\WR\RXUIDWKHU
VDLGKHDQGWRPRUURZPRUQLQJLISRVVLEOHGRQRWTXLW
KLPIRUDPRPHQW6KHTXHVWLRQHG(PPDQXHOEXWKHNQHZ
QRWKLQJRUZRXOGQRWVD\ZKDWKHNQHZ'XULQJWKHQLJKW
EHWZHHQWKHWKDQGWKRI6HSWHPEHU0DGDPH0RUUHOUHPDLQHG
OLVWHQLQJIRUHYHU\VRXQGDQGXQWLOWKUHHR
FORFNLQWKH
PRUQLQJVKHKHDUGKHUKXVEDQGSDFLQJWKHURRPLQJUHDW
DJLWDWLRQ,WZDVWKUHHR
FORFNZKHQKHWKUHZKLPVHOIRQWKH
EHG7KHPRWKHUDQGGDXJKWHUSDVVHGWKHQLJKWWRJHWKHU7KH\
KDGH[SHFWHG0D[LPLOLDQVLQFHWKHSUHYLRXVHYHQLQJ$WHLJKW
R
FORFNLQWKHPRUQLQJ0RUUHOHQWHUHGWKHLUFKDPEHU+HZDV
FDOPEXWWKHDJLWDWLRQRIWKHQLJKWZDVOHJLEOHLQKLVSDOH
DQGFDUHZRUQYLVDJH7KH\GLGQRWGDUHWRDVNKLPKRZKHKDG
VOHSW0RUUHOZDVNLQGHUWRKLVZLIHPRUHDIIHFWLRQDWHWR
KLVGDXJKWHUWKDQKHKDGHYHUEHHQ+HFRXOGQRWFHDVH
JD]LQJDWDQGNLVVLQJWKHVZHHWJLUO-XOLHPLQGIXORI
(PPDQXHO
VUHTXHVWZDVIROORZLQJKHUIDWKHUZKHQKHTXLWWHG
WKHURRPEXWKHVDLGWRKHUTXLFNO\5HPDLQZLWK\RXU
PRWKHUGHDUHVW-XOLHZLVKHGWRDFFRPSDQ\KLP,ZLVK\RX
WRGRVRVDLGKH
7KLVZDVWKHILUVWWLPH0RUUHOKDGHYHUVRVSRNHQEXWKH
VDLGLWLQDWRQHRISDWHUQDONLQGQHVVDQG-XOLHGLGQRW
GDUHWRGLVREH\6KHUHPDLQHGDWWKHVDPHVSRWVWDQGLQJPXWH
DQGPRWLRQOHVV$QLQVWDQWDIWHUZDUGVWKHGRRURSHQHGVKH
IHOWWZRDUPVHQFLUFOHKHUDQGDPRXWKSUHVVHGKHU
IRUHKHDG6KHORRNHGXSDQGXWWHUHGDQH[FODPDWLRQRIMR\
0D[LPLOLDQP\GHDUHVWEURWKHUVKHFULHG$WWKHVHZRUGV
0DGDPH0RUUHOURVHDQGWKUHZKHUVHOILQWRKHUVRQ
VDUPV
0RWKHUVDLGWKH\RXQJPDQORRNLQJDOWHUQDWHO\DW0DGDPH
0RUUHODQGKHUGDXJKWHUZKDWKDVRFFXUUHGZKDWKDV
KDSSHQHG"<RXUOHWWHUKDVIULJKWHQHGPHDQG,KDYHFRPH

326

KLWKHUZLWKDOOVSHHG
-XOLHVDLG0DGDPH0RUUHOPDNLQJDVLJQWRWKH\RXQJPDQ
JRDQGWHOO\RXUIDWKHUWKDW0D[LPLOLDQKDVMXVWDUULYHG
7KH\RXQJODG\UXVKHGRXWRIWKHDSDUWPHQWEXWRQWKHILUVW
VWHSRIWKHVWDLUFDVHVKHIRXQGDPDQKROGLQJDOHWWHULQ
KLVKDQG
$UH\RXQRW0DGHPRLVHOOH-XOLH0RUUHO"LQTXLUHGWKHPDQ
ZLWKDVWURQJ,WDOLDQDFFHQW
<HVVLUUHSOLHG-XOLHZLWKKHVLWDWLRQZKDWLV\RXU
SOHDVXUH",GRQRWNQRZ\RX
5HDGWKLVOHWWHUKHVDLGKDQGLQJLWWRKHU-XOLH
KHVLWDWHG,WFRQFHUQVWKHEHVWLQWHUHVWVRI\RXUIDWKHU
VDLGWKHPHVVHQJHU
7KH\RXQJJLUOKDVWLO\WRRNWKHOHWWHUIURPKLP6KHRSHQHG
LWTXLFNO\DQGUHDG
*RWKLVPRPHQWWRWKH$OOHHVGH0HLOODQHQWHUWKHKRXVH
1RDVNWKHSRUWHUIRUWKHNH\RIWKHURRPRQWKHILIWK
IORRUHQWHUWKHDSDUWPHQWWDNHIURPWKHFRUQHURIWKH
PDQWHOSLHFHDSXUVHQHWWHGLQUHGVLONDQGJLYHLWWR\RXU
IDWKHU,WLVLPSRUWDQWWKDWKHVKRXOGUHFHLYHLWEHIRUH
HOHYHQR
FORFN<RXSURPLVHGWRREH\PHLPSOLFLWO\5HPHPEHU
\RXURDWK
6LQEDGWKH6DLORU
7KH\RXQJJLUOXWWHUHGDMR\IXOFU\UDLVHGKHUH\HVORRNHG
URXQGWRTXHVWLRQWKHPHVVHQJHUEXWKHKDGGLVDSSHDUHG6KH
FDVWKHUH\HVDJDLQRYHUWKHQRWHWRSHUXVHLWDVHFRQG
WLPHDQGVDZWKHUHZDVDSRVWVFULSW6KHUHDG
,WLVLPSRUWDQWWKDW\RXVKRXOGIXOILOWKLVPLVVLRQLQ
SHUVRQDQGDORQH,I\RXJRDFFRPSDQLHGE\DQ\RWKHUSHUVRQ
RUVKRXOGDQ\RQHHOVHJRLQ\RXUSODFHWKHSRUWHUZLOO
UHSO\WKDWKHGRHVQRWNQRZDQ\WKLQJDERXWLW
7KLVSRVWVFULSWGHFUHDVHGJUHDWO\WKH\RXQJJLUO
V
KDSSLQHVV:DVWKHUHQRWKLQJWRIHDU"ZDVWKHUHQRWVRPH
VQDUHODLGIRUKHU"+HULQQRFHQFHKDGNHSWKHULQLJQRUDQFH

327

RIWKHGDQJHUVWKDWPLJKWDVVDLOD\RXQJJLUORIKHUDJH
%XWWKHUHLVQRQHHGWRNQRZGDQJHULQRUGHUWRIHDULW
LQGHHGLWPD\EHREVHUYHGWKDWLWLVXVXDOO\XQNQRZQ
SHULOVWKDWLQVSLUHWKHJUHDWHVWWHUURU
-XOLHKHVLWDWHGDQGUHVROYHGWRWDNHFRXQVHO<HWWKURXJK
DVLQJXODULPSXOVHLWZDVQHLWKHUWRKHUPRWKHUQRUKHU
EURWKHUWKDWVKHDSSOLHGEXWWR(PPDQXHO6KHKDVWHQHGGRZQ
DQGWROGKLPZKDWKDGRFFXUUHGRQWKHGD\ZKHQWKHDJHQWRI
7KRPVRQ )UHQFKKDGFRPHWRKHUIDWKHU
VUHODWHGWKHVFHQH
RQWKHVWDLUFDVHUHSHDWHGWKHSURPLVHVKHKDGPDGHDQG
VKRZHGKLPWKHOHWWHU<RXPXVWJRWKHQPDGHPRLVHOOH
VDLG(PPDQXHO
*RWKHUH"PXUPXUHG-XOLH
<HV,ZLOODFFRPSDQ\\RX
%XWGLG\RXQRWUHDGWKDW,PXVWEHDORQH"VDLG-XOLH
$QG\RXVKDOOEHDORQHUHSOLHGWKH\RXQJPDQ,ZLOO
DZDLW\RXDWWKHFRUQHURIWKH5XHGH0XVHHDQGLI\RXDUH
VRORQJDEVHQWDVWRPDNHPHXQHDV\,ZLOOKDVWHQWRUHMRLQ
\RXDQGZRHWRKLPRIZKRP\RXVKDOOKDYHFDXVHWRFRPSODLQ
WRPH
7KHQ(PPDQXHO"VDLGWKH\RXQJJLUOZLWKKHVLWDWLRQLW
LV\RXURSLQLRQWKDW,VKRXOGREH\WKLVLQYLWDWLRQ"
<HV'LGQRWWKHPHVVHQJHUVD\\RXUIDWKHU
VVDIHW\
GHSHQGHGXSRQLW"
%XWZKDWGDQJHUWKUHDWHQVKLPWKHQ(PPDQXHO"VKHDVNHG
(PPDQXHOKHVLWDWHGDPRPHQWEXWKLVGHVLUHWRPDNH-XOLH
GHFLGHLPPHGLDWHO\PDGHKLPUHSO\
/LVWHQKHVDLGWRGD\LVWKHWKRI6HSWHPEHULVLW
QRW"
<HV
7RGD\WKHQDWHOHYHQR
FORFN\RXUIDWKHUKDVQHDUO\
WKUHHKXQGUHGWKRXVDQGIUDQFVWRSD\"

328

<HVZHNQRZWKDW
:HOOWKHQFRQWLQXHG(PPDQXHOZHKDYHQRWILIWHHQ
WKRXVDQGIUDQFVLQWKHKRXVH
:KDWZLOOKDSSHQWKHQ"
:K\LIWRGD\EHIRUHHOHYHQR
FORFN\RXUIDWKHUKDVQRW
IRXQGVRPHRQHZKRZLOOFRPHWRKLVDLGKHZLOOEHFRPSHOOHG
DWWZHOYHR
FORFNWRGHFODUHKLPVHOIDEDQNUXSW
2KFRPHWKHQFRPHFULHGVKHKDVWHQLQJDZD\ZLWKWKH
\RXQJPDQ'XULQJWKLVWLPH0DGDPH0RUUHOKDGWROGKHUVRQ
HYHU\WKLQJ7KH\RXQJPDQNQHZTXLWHZHOOWKDWDIWHUWKH
VXFFHVVLRQRIPLVIRUWXQHVZKLFKKDGEHIDOOHQKLVIDWKHU
JUHDWFKDQJHVKDGWDNHQSODFHLQWKHVW\OHRIOLYLQJDQG
KRXVHNHHSLQJEXWKHGLGQRWNQRZWKDWPDWWHUVKDGUHDFKHG
VXFKDSRLQW+HZDVWKXQGHUVWUXFN7KHQUXVKLQJKDVWLO\
RXWRIWKHDSDUWPHQWKHUDQXSVWDLUVH[SHFWLQJWRILQG
KLVIDWKHULQKLVVWXG\EXWKHUDSSHGWKHUHLQYDLQ
:KLOHKHZDV\HWDWWKHGRRURIWKHVWXG\KHKHDUGWKH
EHGURRPGRRURSHQWXUQHGDQGVDZKLVIDWKHU,QVWHDGRI
JRLQJGLUHFWWRKLVVWXG\00RUUHOKDGUHWXUQHGWRKLV
EHGFKDPEHUZKLFKKHZDVRQO\WKLVPRPHQWTXLWWLQJ0RUUHO
XWWHUHGDFU\RIVXUSULVHDWWKHVLJKWRIKLVVRQRIZKRVH
DUULYDOKHZDVLJQRUDQW+HUHPDLQHGPRWLRQOHVVRQWKHVSRW
SUHVVLQJZLWKKLVOHIWKDQGVRPHWKLQJKHKDGFRQFHDOHGXQGHU
KLVFRDW0D[LPLOLDQVSUDQJGRZQWKHVWDLUFDVHDQGWKUHZ
KLVDUPVURXQGKLVIDWKHU
VQHFNEXWVXGGHQO\KHUHFRLOHG
DQGSODFHGKLVULJKWKDQGRQ0RUUHO
VEUHDVW)DWKHUKH
H[FODLPHGWXUQLQJSDOHDVGHDWKZKDWDUH\RXJRLQJWRGR
ZLWKWKDWEUDFHRISLVWROVXQGHU\RXUFRDW"
2KWKLVLVZKDW,IHDUHGVDLG0RUUHO
)DWKHUIDWKHULQKHDYHQ
VQDPHH[FODLPHGWKH\RXQJPDQ
ZKDWDUHWKHVHZHDSRQVIRU"
0D[LPLOLDQUHSOLHG0RUUHOORRNLQJIL[HGO\DWKLVVRQ
\RXDUHDPDQDQGDPDQRIKRQRU&RPHDQG,ZLOOH[SODLQ
WR\RX

329

$QGZLWKDILUPVWHS0RUUHOZHQWXSWRKLVVWXG\ZKLOH
0D[LPLOLDQIROORZHGKLPWUHPEOLQJDVKHZHQW0RUUHORSHQHG
WKHGRRUDQGFORVHGLWEHKLQGKLVVRQWKHQFURVVLQJWKH
DQWHURRPZHQWWRKLVGHVNRQZKLFKKHSODFHGWKHSLVWROV
DQGSRLQWHGZLWKKLVILQJHUWRDQRSHQOHGJHU,QWKLV
OHGJHUZDVPDGHRXWDQH[DFWEDODQFHVKHHWRIKLVDIIDLU
V
0RUUHOKDGWRSD\ZLWKLQKDOIDQKRXUIUDQFV$OO
KHSRVVHVVHGZDVIUDQFV5HDGVDLG0RUUHO
7KH\RXQJPDQZDVRYHUZKHOPHGDVKHUHDG0RUUHOVDLGQRWD
ZRUG:KDWFRXOGKHVD\":KDWQHHGKHDGGWRVXFKD
GHVSHUDWHSURRILQILJXUHV"$QGKDYH\RXGRQHDOOWKDWLV
SRVVLEOHIDWKHUWRPHHWWKLVGLVDVWURXVUHVXOW"DVNHGWKH
\RXQJPDQDIWHUDPRPHQW
VSDXVH,KDYHUHSOLHG0RUUHO
<RXKDYHQRPRQH\FRPLQJLQRQZKLFK\RXFDQUHO\"
1RQH
<RXKDYHH[KDXVWHGHYHU\UHVRXUFH"
$OO
$QGLQKDOIDQKRXUVDLG0D[LPLOLDQLQDJORRP\YRLFH
RXUQDPHLVGLVKRQRUHG
%ORRGZDVKHVRXWGLVKRQRUVDLG0RUUHO
<RXDUHULJKWIDWKHU,XQGHUVWDQG\RX7KHQH[WHQGLQJ
KLVKDQGWRZDUGVRQHRIWKHSLVWROVKHVDLG7KHUHLVRQH
IRU\RXDQGRQHIRUPHWKDQNV0RUUHOFDXJKWKLVKDQG
<RXUPRWKHU\RXUVLVWHU:KRZLOOVXSSRUWWKHP"$
VKXGGHUUDQWKURXJKWKH\RXQJPDQ
VIUDPH)DWKHUKH
VDLGGR\RXUHIOHFWWKDW\RXDUHELGGLQJPHWROLYH"
<HV,GRVRELG\RXDQVZHUHG0RUUHOLWLV\RXUGXW\
<RXKDYHDFDOPVWURQJPLQG0D[LPLOLDQ0D[LPLOLDQ\RX
DUHQRRUGLQDU\PDQ,PDNHQRUHTXHVWVRUFRPPDQGV,RQO\
DVN\RXWRH[DPLQHP\SRVLWLRQDVLILWZHUH\RXURZQDQG
WKHQMXGJHIRU\RXUVHOI
7KH\RXQJPDQUHIOHFWHGIRUDPRPHQWWKHQDQH[SUHVVLRQRI
VXEOLPHUHVLJQDWLRQDSSHDUHGLQKLVH\HVDQGZLWKDVORZ
DQGVDGJHVWXUHKHWRRNRIIKLVWZRHSDXOHWVWKHLQVLJQLD

330

RIKLVUDQN%HLWVRWKHQP\IDWKHUKHVDLGH[WHQGLQJ
KLVKDQGWR0RUUHOGLHLQSHDFHP\IDWKHU,ZLOOOLYH
0RUUHOZDVDERXWWRFDVWKLPVHOIRQKLVNQHHVEHIRUHKLV
VRQEXW0D[LPLOLDQFDXJKWKLPLQKLVDUPVDQGWKRVHWZR
QREOHKHDUWVZHUHSUHVVHGDJDLQVWHDFKRWKHUIRUDPRPHQW
<RXNQRZLWLVQRWP\IDXOWVDLG0RUUHO0D[LPLOLDQ
VPLOHG,NQRZIDWKHU\RXDUHWKHPRVWKRQRUDEOHPDQ,
KDYHHYHUNQRZQ
*RRGP\VRQ$QGQRZWKHUHLVQRPRUHWREHVDLGJRDQG
UHMRLQ\RXUPRWKHUDQGVLVWHU
0\IDWKHUVDLGWKH\RXQJPDQEHQGLQJKLVNQHHEOHVV
PH0RUUHOWRRNWKHKHDGRIKLVVRQEHWZHHQKLVWZRKDQGV
GUHZKLPIRUZDUGDQGNLVVLQJKLVIRUHKHDGVHYHUDOWLPHV
VDLG2K\HV\HV,EOHVV\RXLQP\RZQQDPHDQGLQWKH
QDPHRIWKUHHJHQHUDWLRQVRILUUHSURDFKDEOHPHQZKRVD\
WKURXJKPHC7KHHGLILFHZKLFKPLVIRUWXQHKDVGHVWUR\HG
SURYLGHQFHPD\EXLOGXSDJDLQ
2QVHHLQJPHGLHVXFKD
GHDWKWKHPRVWLQH[RUDEOHZLOOKDYHSLW\RQ\RX7R\RX
SHUKDSVWKH\ZLOODFFRUGWKHWLPHWKH\KDYHUHIXVHGWRPH
7KHQGR\RXUEHVWWRNHHSRXUQDPHIUHHIURPGLVKRQRU*RWR
ZRUNODERU\RXQJPDQVWUXJJOHDUGHQWO\DQGFRXUDJHRXVO\
OLYH\RXUVHOI\RXUPRWKHUDQGVLVWHUZLWKWKHPRVWULJLG
HFRQRP\VRWKDWIURPGD\WRGD\WKHSURSHUW\RIWKRVHZKRP
,OHDYHLQ\RXUKDQGVPD\DXJPHQWDQGIUXFWLI\5HIOHFWKRZ
JORULRXVDGD\LWZLOOEHKRZJUDQGKRZVROHPQWKDWGD\
RIFRPSOHWHUHVWRUDWLRQRQZKLFK\RXZLOOVD\LQWKLVYHU\
RIILFHC0\IDWKHUGLHGEHFDXVHKHFRXOGQRWGRZKDW,KDYH
WKLVGD\GRQHEXWKHGLHGFDOPO\DQGSHDFHDEO\EHFDXVHLQ
G\LQJKHNQHZZKDW,VKRXOGGR

0\IDWKHUP\IDWKHUFULHGWKH\RXQJPDQZK\VKRXOG\RX
QRWOLYH"
,I,OLYHDOOZRXOGEHFKDQJHGLI,OLYHLQWHUHVWZRXOG
EHFRQYHUWHGLQWRGRXEWSLW\LQWRKRVWLOLW\LI,OLYH,DP
RQO\DPDQZKRKLVEURNHQKLVZRUGIDLOHGLQKLV
HQJDJHPHQWVLQIDFWRQO\DEDQNUXSW,IRQWKH
FRQWUDU\,GLHUHPHPEHU0D[LPLOLDQP\FRUSVHLVWKDWRI
DQKRQHVWEXWXQIRUWXQDWHPDQ/LYLQJP\EHVWIULHQGVZRXOG
DYRLGP\KRXVHGHDGDOO0DUVHLOOHVZLOOIROORZPHLQWHDUV
WRP\ODVWKRPH/LYLQJ\RXZRXOGIHHOVKDPHDWP\QDPH
GHDG\RXPD\UDLVH\RXUKHDGDQGVD\C,DPWKHVRQRIKLP

331

\RXNLOOHGEHFDXVHIRUWKHILUVWWLPHKHKDVEHHQ
FRPSHOOHGWREUHDNKLVZRUG

7KH\RXQJPDQXWWHUHGDJURDQEXWDSSHDUHGUHVLJQHG
$QGQRZVDLG0RUUHOOHDYHPHDORQHDQGHQGHDYRUWR
NHHS\RXUPRWKHUDQGVLVWHUDZD\
:LOO\RXQRWVHHP\VLVWHURQFHPRUH"DVNHG0D[LPLOLDQ$
ODVWEXWILQDOKRSHZDVFRQFHDOHGE\WKH\RXQJPDQLQWKH
HIIHFWRIWKLVLQWHUYLHZDQGWKHUHIRUHKHKDGVXJJHVWHGLW
0RUUHOVKRRNKLVKHDG,VDZKHUWKLVPRUQLQJDQGEDGHKHU
DGLHX
+DYH\RXQRSDUWLFXODUFRPPDQGVWROHDYHZLWKPHP\
IDWKHU"LQTXLUHG0D[LPLOLDQLQDIDOWHULQJYRLFH
<HVP\VRQDQGDVDFUHGFRPPDQG
6D\LWP\IDWKHU
7KHKRXVHRI7KRPVRQ )UHQFKLVWKHRQO\RQHZKRIURP
KXPDQLW\RULWPD\EHVHOILVKQHVVLWLVQRWIRUPHWR
UHDGPHQ
VKHDUWVKDVKDGDQ\SLW\IRUPH,WVDJHQWZKR
ZLOOLQWHQPLQXWHVSUHVHQWKLPVHOIWRUHFHLYHWKHDPRXQWRI
DELOORIIUDQFV,ZLOOQRWVD\JUDQWHGEXW
RIIHUHGPHWKUHHPRQWKV/HWWKLVKRXVHEHWKHILUVWUHSDLG
P\VRQDQGUHVSHFWWKLVPDQ
)DWKHU,ZLOOVDLG0D[LPLOLDQ
$QGQRZRQFHPRUHDGLHXVDLG0RUUHO*ROHDYHPH,
ZRXOGEHDORQH<RXZLOOILQGP\ZLOOLQWKHVHFUHWDU\LQP\
EHGURRP
7KH\RXQJPDQUHPDLQHGVWDQGLQJDQGPRWLRQOHVVKDYLQJEXW
WKHIRUFHRIZLOODQGQRWWKHSRZHURIH[HFXWLRQ
+HDUPH0D[LPLOLDQVDLGKLVIDWKHU6XSSRVH,ZDVD
VROGLHUOLNH\RXDQGRUGHUHGWRFDUU\DFHUWDLQUHGRXEW
DQG\RXNQHZ,PXVWEHNLOOHGLQWKHDVVDXOWZRXOG\RXQRW
VD\WRPHDV\RXVDLGMXVWQRZC*RIDWKHUIRU\RXDUH
GLVKRQRUHGE\GHOD\DQGGHDWKLVSUHIHUDEOHWRVKDPH


332

<HV\HVVDLGWKH\RXQJPDQ\HVDQGRQFHDJDLQ
HPEUDFLQJKLVIDWKHUZLWKFRQYXOVLYHSUHVVXUHKHVDLG%H
LWVRP\IDWKHU
$QGKHUXVKHGRXWRIWKHVWXG\:KHQKLVVRQKDGOHIWKLP
0RUUHOUHPDLQHGDQLQVWDQWVWDQGLQJZLWKKLVH\HVIL[HGRQ
WKHGRRUWKHQSXWWLQJIRUWKKLVDUPKHSXOOHGWKHEHOO
$IWHUDPRPHQW
VLQWHUYDO&RFOHVDSSHDUHG
,WZDVQRORQJHUWKHVDPHPDQWKHIHDUIXOUHYHODWLRQVRI
WKHWKUHHODVWGD\VKDGFUXVKHGKLP7KLVWKRXJKWWKH
KRXVHRI0RUUHOLVDERXWWRVWRSSD\PHQWEHQWKLPWRWKH
HDUWKPRUHWKDQWZHQW\\HDUVZRXOGRWKHUZLVHKDYHGRQH
0\ZRUWK\&RFOHVVDLG0RUUHOLQDWRQHLPSRVVLEOHWR
GHVFULEHGR\RXUHPDLQLQWKHDQWHFKDPEHU:KHQWKH
JHQWOHPDQZKRFDPHWKUHHPRQWKVDJRWKHDJHQWRI7KRPVRQ
)UHQFKDUULYHVDQQRXQFHKLVDUULYDOWRPH&RFOHV
PDGHQRUHSO\KHPDGHDVLJQZLWKKLVKHDGZHQWLQWRWKH
DQWHURRPDQGVHDWHGKLPVHOI0RUUHOIHOOEDFNLQKLVFKDLU
KLVH\HVIL[HGRQWKHFORFNWKHUHZHUHVHYHQPLQXWHVOHIW
WKDWZDVDOO7KHKDQGPRYHGRQZLWKLQFUHGLEOHUDSLGLW\KH
VHHPHGWRVHHLWVPRWLRQ
:KDWSDVVHGLQWKHPLQGRIWKLVPDQDWWKHVXSUHPHPRPHQWRI
KLVDJRQ\FDQQRWEHWROGLQZRUGV+HZDVVWLOO
FRPSDUDWLYHO\\RXQJKHZDVVXUURXQGHGE\WKHORYLQJFDUHRI
DGHYRWHGIDPLO\EXWKHKDGFRQYLQFHGKLPVHOIE\DFRXUVH
RIUHDVRQLQJLOORJLFDOSHUKDSV\HWFHUWDLQO\SODXVLEOH
WKDWKHPXVWVHSDUDWHKLPVHOIIURPDOOKHKHOGGHDULQWKH
ZRUOGHYHQOLIHLWVHOI7RIRUPWKHVOLJKWHVWLGHDRIKLV
IHHOLQJVRQHPXVWKDYHVHHQKLVIDFHZLWKLWVH[SUHVVLRQRI
HQIRUFHGUHVLJQDWLRQDQGLWVWHDUPRLVWHQHGH\HVUDLVHGWR
KHDYHQ7KHPLQXWHKDQGPRYHGRQ7KHSLVWROVZHUHORDGHG
KHVWUHWFKHGIRUWKKLVKDQGWRRNRQHXSDQGPXUPXUHGKLV
GDXJKWHU
VQDPH7KHQKHODLGLWGRZQVHL]HGKLVSHQDQG
ZURWHDIHZZRUGV,WVHHPHGWRKLPDVLIKHKDGQRWWDNHQD
VXIILFLHQWIDUHZHOORIKLVEHORYHGGDXJKWHU7KHQKHWXUQHG
DJDLQWRWKHFORFNFRXQWLQJWLPHQRZQRWE\PLQXWHVEXWE\
VHFRQGV+HWRRNXSWKHGHDGO\ZHDSRQDJDLQKLVOLSVSDUWHG
DQGKLVH\HVIL[HGRQWKHFORFNDQGWKHQVKXGGHUHGDWWKH
FOLFNRIWKHWULJJHUDVKHFRFNHGWKHSLVWRO$WWKLVPRPHQW
RIPRUWDODQJXLVKWKHFROGVZHDWFDPHIRUWKXSRQKLVEURZD
SDQJVWURQJHUWKDQGHDWKFOXWFKHGDWKLVKHDUWVWULQJV+H

333

KHDUGWKHGRRURIWKHVWDLUFDVHFUHDNRQLWVKLQJHVWKH
FORFNJDYHLWVZDUQLQJWRVWULNHHOHYHQWKHGRRURIKLV
VWXG\RSHQHG0RUUHOGLGQRWWXUQURXQGKHH[SHFWHGWKHVH
ZRUGVRI&RFOHV7KHDJHQWRI7KRPVRQ )UHQFK
+HSODFHGWKHPX]]OHRIWKHSLVWROEHWZHHQKLVWHHWK
6XGGHQO\KHKHDUGDFU\LWZDVKLVGDXJKWHU
VYRLFH+H
WXUQHGDQGVDZ-XOLH7KHSLVWROIHOOIURPKLVKDQGV0\
IDWKHUFULHGWKH\RXQJJLUORXWRIEUHDWKDQGKDOIGHDG
ZLWKMR\VDYHG\RXDUHVDYHG$QGVKHWKUHZKHUVHOI
LQWRKLVDUPVKROGLQJLQKHUH[WHQGHGKDQGDUHGQHWWHG
VLONSXUVH
6DYHGP\FKLOGVDLG0RUUHOZKDWGR\RXPHDQ"
<HVVDYHGVDYHG6HHVHHVDLGWKH\RXQJJLUO
0RUUHOWRRNWKHSXUVHDQGVWDUWHGDVKHGLGVRIRUDYDJXH
UHPHPEUDQFHUHPLQGHGKLPWKDWLWRQFHEHORQJHGWRKLPVHOI
$WRQHHQGZDVWKHUHFHLSWHGELOOIRUWKHIUDQFV
DQGDWWKHRWKHUZDVDGLDPRQGDVODUJHDVDKD]HOQXWZLWK
WKHVHZRUGVRQDVPDOOVOLSRISDUFKPHQW-XOLH
V'RZU\
0RUUHOSDVVHGKLVKDQGRYHUKLVEURZLWVHHPHGWRKLPD
GUHDP$WWKLVPRPHQWWKHFORFNVWUXFNHOHYHQ+HIHOWDVLI
HDFKVWURNHRIWKHKDPPHUIHOOXSRQKLVKHDUW([SODLQP\
FKLOGKHVDLG([SODLQP\FKLOGKHVDLGH[SODLQ
ZKHUHGLG\RXILQGWKLVSXUVH"
,QDKRXVHLQWKH$OOHHVGH0HLOODQ1RRQWKHFRUQHU
RIDPDQWHOSLHFHLQDVPDOOURRPRQWKHILIWKIORRU
%XWFULHG0RUUHOWKLVSXUVHLVQRW\RXUV-XOLHKDQGHG
WRKHUIDWKHUWKHOHWWHUVKHKDGUHFHLYHGLQWKHPRUQLQJ
$QGGLG\RXJRDORQH"DVNHG0RUUHODIWHUKHKDGUHDGLW
(PPDQXHODFFRPSDQLHGPHIDWKHU+HZDVWRKDYHZDLWHGIRU
PHDWWKHFRUQHURIWKH5XHGH0XVHHEXWVWUDQJHWRVD\
KHZDVQRWWKHUHZKHQ,UHWXUQHG
0RQVLHXU0RUUHOH[FODLPHGDYRLFHRQWKHVWDLUV
0RQVLHXU0RUUHO

334

,WLVKLVYRLFHVDLG-XOLH$WWKLVPRPHQW(PPDQXHO
HQWHUHGKLVFRXQWHQDQFHIXOORIDQLPDWLRQDQGMR\7KH
3KDUDRQKHFULHGWKH3KDUDRQ
:KDWZKDWWKH3KDUDRQ$UH\RXPDG(PPDQXHO"<RX
NQRZWKHYHVVHOLVORVW
7KH3KDUDRQVLUWKH\VLJQDOWKH3KDUDRQ7KH3KDUDRQLV
HQWHULQJWKHKDUERU0RUUHOIHOOEDFNLQKLVFKDLUKLV
VWUHQJWKZDVIDLOLQJKLPKLVXQGHUVWDQGLQJZHDNHQHGE\VXFK
HYHQWVUHIXVHGWRFRPSUHKHQGVXFKLQFUHGLEOHXQKHDUGRI
IDEXORXVIDFWV%XWKLVVRQFDPHLQ)DWKHUFULHG
0D[LPLOLDQKRZFRXOG\RXVD\WKH3KDUDRQZDVORVW"7KH
ORRNRXWKDVVLJQDOOHGKHUDQGWKH\VD\VKHLVQRZFRPLQJ
LQWRSRUW
0\GHDUIULHQGVVDLG0RUUHOLIWKLVEHVRLWPXVWEHD
PLUDFOHRIKHDYHQ,PSRVVLEOHLPSRVVLEOH
%XWZKDWZDVUHDODQGQRWOHVVLQFUHGLEOHZDVWKHSXUVHKH
KHOGLQKLVKDQGWKHDFFHSWDQFHUHFHLSWHGWKHVSOHQGLG
GLDPRQG
$KVLUH[FODLPHG&RFOHVZKDWFDQLWPHDQ"WKH
3KDUDRQ"
&RPHGHDURQHVVDLG0RUUHOULVLQJIURPKLVVHDWOHW
XVJRDQGVHHDQGKHDYHQKDYHSLW\XSRQXVLILWEHIDOVH
LQWHOOLJHQFH7KH\DOOZHQWRXWDQGRQWKHVWDLUVPHW
0DGDPH0RUUHOZKRKDGEHHQDIUDLGWRJRXSLQWRWKHVWXG\
,QDPRPHQWWKH\ZHUHDWWKH&DQQHELHUH7KHUHZDVDFURZG
RQWKHSLHU$OOWKHFURZGJDYHZD\EHIRUH0RUUHO7KH
3KDUDRQWKH3KDUDRQVDLGHYHU\YRLFH
$QGZRQGHUIXOWRVHHLQIURQWRIWKHWRZHURI6DLQW-HDQ
ZDVDVKLSEHDULQJRQKHUVWHUQWKHVHZRUGVSULQWHGLQ
ZKLWHOHWWHUV7KH3KDUDRQ0RUUHO 6RQRI0DUVHLOOHV
6KHZDVWKHH[DFWGXSOLFDWHRIWKHRWKHU3KDUDRQDQG
ORDGHGDVWKDWKDGEHHQZLWKFRFKLQHDODQGLQGLJR6KH
FDVWDQFKRUFOXHGXSVDLOVDQGRQWKHGHFNZDV&DSWDLQ
*DXPDUGJLYLQJRUGHUVDQGJRRGROG3HQHORQPDNLQJVLJQDOV
WR00RUUHO7RGRXEWDQ\ORQJHUZDVLPSRVVLEOHWKHUHZDV
WKHHYLGHQFHRIWKHVHQVHVDQGWHQWKRXVDQGSHUVRQVZKR
FDPHWRFRUURERUDWHWKHWHVWLPRQ\$V0RUUHODQGKLVVRQ

335

HPEUDFHGRQWKHSLHUKHDGLQWKHSUHVHQFHDQGDPLGWKH
DSSODXVHRIWKHZKROHFLW\ZLWQHVVLQJWKLVHYHQWDPDQ
ZLWKKLVIDFHKDOIFRYHUHGE\DEODFNEHDUGDQGZKR
FRQFHDOHGEHKLQGWKHVHQWU\ER[ZDWFKHGWKHVFHQHZLWK
GHOLJKWXWWHUHGWKHVHZRUGVLQDORZWRQH%HKDSS\QREOH
KHDUWEHEOHVVHGIRUDOOWKHJRRGWKRXKDVWGRQHDQGZLOW
GRKHUHDIWHUDQGOHWP\JUDWLWXGHUHPDLQLQREVFXULW\OLNH
\RXUJRRGGHHGV
$QGZLWKDVPLOHH[SUHVVLYHRIVXSUHPHFRQWHQWKHOHIWKLV
KLGLQJSODFHDQGZLWKRXWEHLQJREVHUYHGGHVFHQGHGRQHRI
WKHIOLJKWVRIVWHSVSURYLGHGIRUGHEDUNDWLRQDQGKDLOLQJ
WKUHHWLPHVVKRXWHG-DFRSR-DFRSR-DFRSR7KHQDODXQFK
FDPHWRVKRUHWRRNKLPRQERDUGDQGFRQYH\HGKLPWRD
\DFKWVSOHQGLGO\ILWWHGXSRQZKRVHGHFNKHVSUXQJZLWKWKH
DFWLYLW\RIDVDLORUWKHQFHKHRQFHDJDLQORRNHGWRZDUGV
0RUUHOZKRZHHSLQJZLWKMR\ZDVVKDNLQJKDQGVPRVW
FRUGLDOO\ZLWKDOOWKHFURZGDURXQGKLPDQGWKDQNLQJZLWKD
ORRNWKHXQNQRZQEHQHIDFWRUZKRPKHVHHPHGWREHVHHNLQJLQ
WKHVNLHV$QGQRZVDLGWKHXQNQRZQIDUHZHOONLQGQHVV
KXPDQLW\DQGJUDWLWXGH)DUHZHOOWRDOOWKHIHHOLQJVWKDW
H[SDQGWKHKHDUW,KDYHEHHQKHDYHQ
VVXEVWLWXWHWR
UHFRPSHQVHWKHJRRGQRZWKHJRGRIYHQJHDQFH\LHOGVWRPH
KLVSRZHUWRSXQLVKWKHZLFNHG$WWKHVHZRUGVKHJDYHD
VLJQDODQGDVLIRQO\DZDLWLQJWKLVVLJQDOWKH\DFKW
LQVWDQWO\SXWRXWWRVHD

&KDSWHU
,WDO\6LQEDGWKH6DLORU
7RZDUGVWKHEHJLQQLQJRIWKH\HDUWZR\RXQJPHQ
EHORQJLQJWRWKHILUVWVRFLHW\RI3DULVWKH9LFRPWH$OEHUW
GH0RUFHUIDQGWKH%DURQ)UDQ]G
(SLQD\ZHUHDW)ORUHQFH
7KH\KDGDJUHHGWRVHHWKH&DUQLYDODW5RPHWKDW\HDUDQG
WKDW)UDQ]ZKRIRUWKHODVWWKUHHRUIRXU\HDUVKDG
LQKDELWHG,WDO\VKRXOGDFWDVFLFHURQHWR$OEHUW$VLWLV
QRLQFRQVLGHUDEOHDIIDLUWRVSHQGWKH&DUQLYDODW5RPH
HVSHFLDOO\ZKHQ\RXKDYHQRJUHDWGHVLUHWRVOHHSRQWKH
3LD]]DGHO3RSRORRUWKH&DPSR9DFFLQRWKH\ZURWHWR
6LJQRU3DVWULQLWKHSURSULHWRURIWKH+RWHOGH/RQGUHV
3LD]]DGL6SDJQDWRUHVHUYHFRPIRUWDEOHDSDUWPHQWVIRU
WKHP6LJQRU3DVWULQLUHSOLHGWKDWKHKDGRQO\WZRURRPVDQG

336

DSDUORURQWKHWKLUGIORRUZKLFKKHRIIHUHGDWWKHORZ
FKDUJHRIDORXLVSHUGLHP7KH\DFFHSWHGKLVRIIHUEXW
ZLVKLQJWRPDNHWKHEHVWXVHRIWKHWLPHWKDWZDVOHIW
$OEHUWVWDUWHGIRU1DSOHV$VIRU)UDQ]KHUHPDLQHGDW
)ORUHQFHDQGDIWHUKDYLQJSDVVHGDIHZGD\VLQH[SORULQJ
WKHSDUDGLVHRIWKH&DVFLQHDQGVSHQGLQJWZRRUWKUHH
HYHQLQJVDWWKHKRXVHVRIWKH)ORUHQWLQHQRELOLW\KHWRRND
IDQF\LQWRKLVKHDG KDYLQJDOUHDG\YLVLWHG&RUVLFDWKH
FUDGOHRI%RQDSDUWH WRYLVLW(OEDWKHZDLWLQJSODFHRI
1DSROHRQ
2QHHYHQLQJKHFDVWRIIWKHSDLQWHURIDVDLOERDWIURPWKH
LURQULQJWKDWVHFXUHGLWWRWKHGRFNDW/HJKRUQZUDSSHG
KLPVHOILQKLVFRDWDQGOD\GRZQDQGVDLGWRWKHFUHZ
7RWKH,VODQGRI(OED7KHERDWVKRWRXWRIWKHKDUERU
OLNHDELUGDQGWKHQH[WPRUQLQJ)UDQ]GLVHPEDUNHGDW
3RUWR)HUUDMR+HWUDYHUVHGWKHLVODQGDIWHUKDYLQJ
IROORZHGWKHWUDFHVZKLFKWKHIRRWVWHSVRIWKHJLDQWKDYH
OHIWDQGUHHPEDUNHGIRU0DUFLDQD7ZRKRXUVDIWHUKHDJDLQ
ODQGHGDW3LDQRVDZKHUHKHZDVDVVXUHGWKDWUHGSDUWULGJHV
DERXQGHG7KHVSRUWZDVEDG)UDQ]RQO\VXFFHHGHGLQNLOOLQJ
DIHZSDUWULGJHVDQGOLNHHYHU\XQVXFFHVVIXOVSRUWVPDQKH
UHWXUQHGWRWKHERDWYHU\PXFKRXWRIWHPSHU$KLI\RXU
H[FHOOHQF\FKRVHVDLGWKHFDSWDLQ\RXPLJKWKDYHFDSLWDO
VSRUW
:KHUH"
'R\RXVHHWKDWLVODQG"FRQWLQXHGWKHFDSWDLQSRLQWLQJWR
DFRQLFDOSLOHULVLQJIURPWKHLQGLJRVHD
:HOOZKDWLVWKLVLVODQG"
7KH,VODQGRI0RQWH&ULVWR
%XW,KDYHQRSHUPLVVLRQWRVKRRWRYHUWKLVLVODQG
<RXUH[FHOOHQF\GRHVQRWUHTXLUHDSHUPLWIRUWKHLVODQG
LVXQLQKDELWHG
$KLQGHHGVDLGWKH\RXQJPDQ$GHVHUWLVODQGLQWKH
PLGVWRIWKH0HGLWHUUDQHDQPXVWEHDFXULRVLW\
,WLVYHU\QDWXUDOWKLVLVODQGLVDPDVVRIURFNVDQG

337

GRHVQRWFRQWDLQDQDFUHRIODQGFDSDEOHRIFXOWLYDWLRQ
7RZKRPGRHVWKLVLVODQGEHORQJ"
7R7XVFDQ\
:KDWJDPHVKDOO,ILQGWKHUH
7KRXVDQGVRIZLOGJRDWV
:KROLYHXSRQWKHVWRQHV,VXSSRVHVDLG)UDQ]ZLWKDQ
LQFUHGXORXVVPLOH
1REXWE\EURZVLQJWKHVKUXEVDQGWUHHVWKDWJURZRXWRI
WKHFUHYLFHVRIWKHURFNV
:KHUHFDQ,VOHHS"
2QVKRUHLQWKHJURWWRVRURQERDUGLQ\RXUFORDN
EHVLGHVLI\RXUH[FHOOHQF\SOHDVHVZHFDQOHDYHDVVRRQDV
\RXOLNHZHFDQVDLODVZHOOE\QLJKWDVE\GD\DQGLI
WKHZLQGGURSVZHFDQXVHRXURDUV
$V)UDQ]KDGVXIILFLHQWWLPHDQGKLVDSDUWPHQWVDW5RPH
ZHUHQRW\HWDYDLODEOHKHDFFHSWHGWKHSURSRVLWLRQ8SRQ
KLVDQVZHULQWKHDIILUPDWLYHWKHVDLORUVH[FKDQJHGDIHZ
ZRUGVWRJHWKHULQDORZWRQH:HOODVNHGKHZKDWQRZ"
,VWKHUHDQ\GLIILFXOW\LQWKHZD\"
1RUHSOLHGWKHFDSWDLQEXWZHPXVWZDUQ\RXUH[FHOOHQF\
WKDWWKHLVODQGLVDQLQIHFWHGSRUW
:KDWGR\RXPHDQ"
0RQWH&ULVWRDOWKRXJKXQLQKDELWHG\HWVHUYHVRFFDVLRQDOO\
DVDUHIXJHIRUWKHVPXJJOHUVDQGSLUDWHVZKRFRPHIURP
&RUVLFD6DUGLQLDDQG$IULFDDQGLILWEHFRPHVNQRZQWKDW
ZHKDYHEHHQWKHUHZHVKDOOKDYHWRSHUIRUPTXDUDQWLQHIRU
VL[GD\VRQRXUUHWXUQWR/HJKRUQ
7KHGHXFH7KDWSXWVDGLIIHUHQWIDFHRQWKHPDWWHU6L[
GD\V:K\WKDW
VDVORQJDVWKH$OPLJKW\WRRNWRPDNHWKH
ZRUOG7RRORQJDZDLWWRRORQJ

338

%XWZKRZLOOVD\\RXUH[FHOOHQF\KDVEHHQWR0RQWH&ULVWR"
2K,VKDOOQRWFULHG)UDQ]
1RU,QRU,FKRUXVHGWKHVDLORUV
7KHQVWHHUIRU0RQWH&ULVWR
7KHFDSWDLQJDYHKLVRUGHUVWKHKHOPZDVSXWXSDQGWKH
ERDWZDVVRRQVDLOLQJLQWKHGLUHFWLRQRIWKHLVODQG)UDQ]
ZDLWHGXQWLODOOZDVLQRUGHUDQGZKHQWKHVDLOZDVILOOHG
DQGWKHIRXUVDLORUVKDGWDNHQWKHLUSODFHVWKUHH
IRUZDUGDQGRQHDWWKHKHOPKHUHVXPHGWKHFRQYHUVDWLRQ
*DHWDQRVDLGKHWRWKHFDSWDLQ\RXWHOOPH0RQWH&ULVWR
VHUYHVDVDUHIXJHIRUSLUDWHVZKRDUHLWVHHPVWRPHD
YHU\GLIIHUHQWNLQGRIJDPHIURPWKHJRDWV
<HV\RXUH[FHOOHQF\DQGLWLVWUXH
,NQHZWKHUHZHUHVPXJJOHUVEXW,WKRXJKWWKDWVLQFHWKH
FDSWXUHRI$OJLHUVDQGWKHGHVWUXFWLRQRIWKHUHJHQF\
SLUDWHVH[LVWHGRQO\LQWKHURPDQFHVRI&RRSHUDQG&DSWDLQ
0DUU\DW
<RXUH[FHOOHQF\LVPLVWDNHQWKHUHDUHSLUDWHVOLNHWKH
EDQGLWVZKRZHUHEHOLHYHGWRKDYHEHHQH[WHUPLQDWHGE\3RSH
/HR;,,DQGZKR\HWHYHU\GD\UREWUDYHOOHUVDWWKH
JDWHVRI5RPH+DVQRW\RXUH[FHOOHQF\KHDUGWKDWWKH)UHQFK
FKDUJHG
DIIDLUHVZDVUREEHGVL[PRQWKVDJRZLWKLQILYH
KXQGUHGSDFHVRI9HOOHWUL"
2K\HV,KHDUGWKDW
:HOOWKHQLIOLNHXV\RXUH[FHOOHQF\OLYHGDW/HJKRUQ
\RXZRXOGKHDUIURPWLPHWRWLPHWKDWDOLWWOHPHUFKDQW
YHVVHORUDQ(QJOLVK\DFKWWKDWZDVH[SHFWHGDW%DVWLDDW
3RUWR)HUUDMRRUDW&LYLWD9HFFKLDKDVQRWDUULYHGQRRQH
NQRZVZKDWKDVEHFRPHRILWEXWGRXEWOHVVLWKDVVWUXFN
RQDURFNDQGIRXQGHUHG1RZWKLVURFNLWKDVPHWKDVEHHQD
ORQJDQGQDUURZERDWPDQQHGE\VL[RUHLJKWPHQZKRKDYH
VXUSULVHGDQGSOXQGHUHGLWVRPHGDUNDQGVWRUP\QLJKWQHDU
VRPHGHVHUWDQGJORRP\LVODQGDVEDQGLWVSOXQGHUDFDUULDJH
LQWKHUHFHVVHVRIDIRUHVW

339

%XWDVNHG)UDQ]ZKROD\ZUDSSHGLQKLVFORDNDWWKH
ERWWRPRIWKHERDWZK\GRQRWWKRVHZKRKDYHEHHQ
SOXQGHUHGFRPSODLQWRWKH)UHQFK6DUGLQLDQRU7XVFDQ
JRYHUQPHQWV"
:K\"VDLG*DHWDQRZLWKDVPLOH
<HVZK\"
%HFDXVHLQWKHILUVWSODFHWKH\WUDQVIHUIURPWKHYHVVHO
WRWKHLURZQERDWZKDWHYHUWKH\WKLQNZRUWKWDNLQJWKHQ
WKH\ELQGWKHFUHZKDQGDQGIRRWWKH\DWWDFKWRHYHU\RQH
V
QHFNDIRXUDQGWZHQW\SRXQGEDOODODUJHKROHLVFKRSSHG
LQWKHYHVVHO
VERWWRPDQGWKHQWKH\OHDYHKHU$WWKHHQG
RIWHQPLQXWHVWKHYHVVHOEHJLQVWRUROOKHDYLO\DQGVHWWOH
GRZQ)LUVWRQHJXQ
OJRHVXQGHUWKHQWKHRWKHU7KHQWKH\
OLIWDQGVLQNDJDLQDQGERWKJRXQGHUDWRQFH$OODWRQFH
WKHUH
VDQRLVHOLNHDFDQQRQWKDW
VWKHDLUEORZLQJXS
WKHGHFN6RRQWKHZDWHUUXVKHVRXWRIWKHVFXSSHUKROHV
OLNHDZKDOHVSRXWLQJWKHYHVVHOJLYHVDODVWJURDQVSLQV
URXQGDQGURXQGDQGGLVDSSHDUVIRUPLQJDYDVWZKLUOSRROLQ
WKHRFHDQDQGWKHQDOOLVRYHUVRWKDWLQILYHPLQXWHV
QRWKLQJEXWWKHH\HRI*RGFDQVHHWKHYHVVHOZKHUHVKHOLHV
DWWKHERWWRPRIWKHVHD'R\RXXQGHUVWDQGQRZVDLGWKH
FDSWDLQZK\QRFRPSODLQWVDUHPDGHWRWKHJRYHUQPHQWDQG
ZK\WKHYHVVHOQHYHUUHDFKHVSRUW"
,WLVSUREDEOHWKDWLI*DHWDQRKDGUHODWHGWKLVSUHYLRXVWR
SURSRVLQJWKHH[SHGLWLRQ)UDQ]ZRXOGKDYHKHVLWDWHGEXW
QRZWKDWWKH\KDGVWDUWHGKHWKRXJKWLWZRXOGEHFRZDUGO\
WRGUDZEDFN+HZDVRQHRIWKRVHPHQZKRGRQRWUDVKO\
FRXUWGDQJHUEXWLIGDQJHUSUHVHQWVLWVHOIFRPEDWLWZLWK
WKHPRVWXQDOWHUDEOHFRROQHVV&DOPDQGUHVROXWHKHWUHDWHG
DQ\SHULODVKHZRXOGDQDGYHUVDU\LQDGXHOFDOFXODWHG
LWVSUREDEOHPHWKRGRIDSSURDFKUHWUHDWHGLIDWDOODVD
SRLQWRIVWUDWHJ\DQGQRWIURPFRZDUGLFHZDVTXLFNWRVHH
DQRSHQLQJIRUDWWDFNDQGZRQYLFWRU\DWDVLQJOHWKUXVW
%DKVDLGKH,KDYHWUDYHOOHGWKURXJK6LFLO\DQG
&DODEULD,KDYHVDLOHGWZRPRQWKVLQWKH$UFKLSHODJRDQG
\HW,QHYHUVDZHYHQWKHVKDGRZRIDEDQGLWRUDSLUDWH
,GLGQRWWHOO\RXUH[FHOOHQF\WKLVWRGHWHU\RXIURP\RXU
SURMHFWUHSOLHG*DHWDQREXW\RXTXHVWLRQHGPHDQG,
KDYHDQVZHUHGWKDW
VDOO

340

<HVDQG\RXUFRQYHUVDWLRQLVPRVWLQWHUHVWLQJDQGDV,
ZLVKWRHQMR\LWDVORQJDVSRVVLEOHVWHHUIRU0RQWH
&ULVWR
7KHZLQGEOHZVWURQJO\WKHERDWPDGHVL[RUVHYHQNQRWVDQ
KRXUDQGWKH\ZHUHUDSLGO\UHDFKLQJWKHHQGRIWKHLU
YR\DJH$VWKH\GUHZQHDUWKHLVODQGVHHPHGWROLIWIURPWKH
VHDDQGWKHDLUZDVVRFOHDUWKDWWKH\FRXOGDOUHDG\
GLVWLQJXLVKWKHURFNVKHDSHGRQRQHDQRWKHUOLNHFDQQRQ
EDOOVLQDQDUVHQDOZLWKJUHHQEXVKHVDQGWUHHVJURZLQJLQ
WKHFUHYLFHV$VIRUWKHVDLORUVDOWKRXJKWKH\DSSHDUHG
SHUIHFWO\WUDQTXLO\HWLWZDVHYLGHQWWKDWWKH\ZHUHRQWKH
DOHUWDQGWKDWWKH\FDUHIXOO\ZDWFKHGWKHJODVV\VXUIDFH
RYHUZKLFKWKH\ZHUHVDLOLQJDQGRQZKLFKDIHZ
ILVKLQJERDWVZLWKWKHLUZKLWHVDLOVZHUHDORQHYLVLEOH
7KH\ZHUHZLWKLQILIWHHQPLOHVRI0RQWH&ULVWRZKHQWKHVXQ
EHJDQWRVHWEHKLQG&RUVLFDZKRVHPRXQWDLQVDSSHDUHG
DJDLQVWWKHVN\VKRZLQJWKHLUUXJJHGSHDNVLQEROGUHOLHI
WKLVPDVVRIURFNOLNHWKHJLDQW$GDPDVWRUURVHGHDG
DKHDGDIRUPLGDEOHEDUULHUDQGLQWHUFHSWLQJWKHOLJKWWKDW
JLOGHGLWVPDVVLYHSHDNVVRWKDWWKHYR\DJHUVZHUHLQ
VKDGRZ/LWWOHE\OLWWOHWKHVKDGRZURVHKLJKHUDQGVHHPHG
WRGULYHEHIRUHLWWKHODVWUD\VRIWKHH[SLULQJGD\DW
ODVWWKHUHIOHFWLRQUHVWHGRQWKHVXPPLWRIWKHPRXQWDLQ
ZKHUHLWSDXVHGDQLQVWDQWOLNHWKHILHU\FUHVWRID
YROFDQRWKHQJORRPJUDGXDOO\FRYHUHGWKHVXPPLWDVLWKDG
FRYHUHGWKHEDVHDQGWKHLVODQGQRZRQO\DSSHDUHGWREHD
JUD\PRXQWDLQWKDWJUHZFRQWLQXDOO\GDUNHUKDOIDQKRXU
DIWHUWKHQLJKWZDVTXLWHGDUN
)RUWXQDWHO\WKHPDULQHUVZHUHXVHGWRWKHVHODWLWXGHVDQG
NQHZHYHU\URFNLQWKH7XVFDQ$UFKLSHODJRIRULQWKHPLGVW
RIWKLVREVFXULW\)UDQ]ZDVQRWZLWKRXWXQHDVLQHVV
&RUVLFDKDGORQJVLQFHGLVDSSHDUHGDQG0RQWH&ULVWRLWVHOI
ZDVLQYLVLEOHEXWWKHVDLORUVVHHPHGOLNHWKHO\Q[WRVHH
LQWKHGDUNDQGWKHSLORWZKRVWHHUHGGLGQRWHYLQFHWKH
VOLJKWHVWKHVLWDWLRQ$QKRXUKDGSDVVHGVLQFHWKHVXQKDG
VHWZKHQ)UDQ]IDQFLHGKHVDZDWDTXDUWHURIDPLOHWR
WKHOHIWDGDUNPDVVEXWKHFRXOGQRWSUHFLVHO\PDNHRXW
ZKDWLWZDVDQGIHDULQJWRH[FLWHWKHPLUWKRIWKHVDLORUV
E\PLVWDNLQJDIORDWLQJFORXGIRUODQGKHUHPDLQHGVLOHQW
VXGGHQO\DJUHDWOLJKWDSSHDUHGRQWKHVWUDQGODQGPLJKW
UHVHPEOHDFORXGEXWWKHILUHZDVQRWDPHWHRU:KDWLV

341

WKLVOLJKW"DVNHGKH
+XVKVDLGWKHFDSWDLQLWLVDILUH
%XW\RXWROGPHWKHLVODQGZDVXQLQKDELWHG"
OVDLGWKHUHZHUHQRIL[HGKDELWDWLRQVRQLWEXW,VDLG
DOVRWKDWLWVHUYHGVRPHWLPHVDVDKDUERUIRUVPXJJOHUV
$QGIRUSLUDWHV"
$QGIRUSLUDWHVUHWXUQHG*DHWDQRUHSHDWLQJ)UDQ]
V
ZRUGV,WLVIRUWKDWUHDVRQ,KDYHJLYHQRUGHUVWRSDVV
WKHLVODQGIRUDV\RXVHHWKHILUHLVEHKLQGXV
%XWWKLVILUH"FRQWLQXHG)UDQ],WVHHPVWRPHUDWKHU
UHDVVXULQJWKDQRWKHUZLVHPHQZKRGLGQRWZLVKWREHVHHQ
ZRXOGQRWOLJKWDILUH
2KWKDWJRHVIRUQRWKLQJVDLG*DHWDQR,I\RXFDQJXHVV
WKHSRVLWLRQRIWKHLVODQGLQWKHGDUNQHVV\RXZLOOVHH
WKDWWKHILUHFDQQRWEHVHHQIURPWKHVLGHRUIURP3LDQRVD
EXWRQO\IURPWKHVHD
<RXWKLQNWKHQWKLVILUHLQGLFDWHVWKHSUHVHQFHRI
XQSOHDVDQWQHLJKERUV"
7KDWLVZKDWZHPXVWILQGRXWUHWXUQHG*DHWDQRIL[LQJ
KLVH\HVRQWKLVWHUUHVWULDOVWDU
+RZFDQ\RXILQGRXW"
<RXVKDOOVHH*DHWDQRFRQVXOWHGZLWKKLVFRPSDQLRQVDQG
DIWHUILYHPLQXWHV
GLVFXVVLRQDPDQRHXYUHZDVH[HFXWHG
ZKLFKFDXVHGWKHYHVVHOWRWDFNDERXWWKH\UHWXUQHGWKHZD\
WKH\KDGFRPHDQGLQDIHZPLQXWHVWKHILUHGLVDSSHDUHG
KLGGHQE\DQHOHYDWLRQRIWKHODQG7KHSLORWDJDLQFKDQJHG
WKHFRXUVHRIWKHERDWZKLFKUDSLGO\DSSURDFKHGWKHLVODQG
DQGZDVVRRQZLWKLQILIW\SDFHVRILW*DHWDQRORZHUHGWKH
VDLODQGWKHERDWFDPHWRUHVW$OOWKLVZDVGRQHLQ
VLOHQFHDQGIURPWKHPRPHQWWKDWWKHLUFRXUVHZDVFKDQJHG
QRWDZRUGZDVVSRNHQ
*DHWDQRZKRKDGSURSRVHGWKHH[SHGLWLRQKDGWDNHQDOOWKH

342

UHVSRQVLELOLW\RQKLPVHOIWKHIRXUVDLORUVIL[HGWKHLUH\HV
RQKLPZKLOHWKH\JRWRXWWKHLURDUVDQGKHOGWKHPVHOYHVLQ
UHDGLQHVVWRURZDZD\ZKLFKWKDQNVWRWKHGDUNQHVVZRXOG
QRWEHGLIILFXOW$VIRU)UDQ]KHH[DPLQHGKLVDUPVZLWK
WKHXWPRVWFRROQHVVKHKDGWZRGRXEOHEDUUHOOHGJXQVDQGD
ULIOHKHORDGHGWKHPORRNHGDWWKHSULPLQJDQGZDLWHG
TXLHWO\'XULQJWKLVWLPHWKHFDSWDLQKDGWKURZQRIIKLV
YHVWDQGVKLUWDQGVHFXUHGKLVWURXVHUVURXQGKLVZDLVW
KLVIHHWZHUHQDNHGVRKHKDGQRVKRHVDQGVWRFNLQJVWR
WDNHRIIDIWHUWKHVHSUHSDUDWLRQVKHSODFHGKLVILQJHURQ
KLVOLSVDQGORZHULQJKLPVHOIQRLVHOHVVO\LQWRWKHVHD
VZDPWRZDUGVWKHVKRUHZLWKVXFKSUHFDXWLRQWKDWLWZDV
LPSRVVLEOHWRKHDUWKHVOLJKWHVWVRXQGKHFRXOGRQO\EH
WUDFHGE\WKHSKRVSKRUHVFHQWOLQHLQKLVZDNH7KLVWUDFN
VRRQGLVDSSHDUHGLWZDVHYLGHQWWKDWKHKDGWRXFKHGWKH
VKRUH(YHU\RQHRQERDUGUHPDLQHGPRWLRQOHVVIRUKDOIDQ
KRXUZKHQWKHVDPHOXPLQRXVWUDFNZDVDJDLQREVHUYHGDQG
WKHVZLPPHUZDVVRRQRQERDUG:HOO"H[FODLPHG)UDQ]DQG
WKHVDLORUVLQXQLVRQ
7KH\DUH6SDQLVKVPXJJOHUVVDLGKHWKH\KDYHZLWKWKHP
WZR&RUVLFDQEDQGLWV
$QGZKDWDUHWKHVH&RUVLFDQEDQGLWVGRLQJKHUHZLWK6SDQLVK
VPXJJOHUV"
$ODVUHWXUQHGWKHFDSWDLQZLWKDQDFFHQWRIWKHPRVW
SURIRXQGSLW\ZHRXJKWDOZD\VWRKHOSRQHDQRWKHU9HU\
RIWHQWKHEDQGLWVDUHKDUGSUHVVHGE\JHQGDUPHVRU
FDUELQHHUVZHOOWKH\VHHDYHVVHODQGJRRGIHOORZVOLNH
XVRQERDUGWKH\FRPHDQGGHPDQGKRVSLWDOLW\RIXV\RX
FDQ
WUHIXVHKHOSWRDSRRUKXQWHGGHYLOZHUHFHLYHWKHP
DQGIRUJUHDWHUVHFXULW\ZHVWDQGRXWWRVHD7KLVFRVWVXV
QRWKLQJDQGVDYHVWKHOLIHRUDWOHDVWWKHOLEHUW\RID
IHOORZFUHDWXUHZKRRQWKHILUVWRFFDVLRQUHWXUQVWKH
VHUYLFHE\SRLQWLQJRXWVRPHVDIHVSRWZKHUHZHFDQODQGRXU
JRRGVZLWKRXWLQWHUUXSWLRQ
$KVDLG)UDQ]WKHQ\RXDUHDVPXJJOHURFFDVLRQDOO\
*DHWDQR"
<RXUH[FHOOHQF\ZHPXVWOLYHVRPHKRZUHWXUQHGWKHRWKHU
VPLOLQJLPSHQHWUDEO\

343

7KHQ\RXNQRZWKHPHQZKRDUHQRZRQ0RQWH&ULVWR"
2K\HVZHVDLORUVDUHOLNHIUHHPDVRQVDQGUHFRJQL]HHDFK
RWKHUE\VLJQV
$QGGR\RXWKLQNZHKDYHQRWKLQJWRIHDULIZHODQG"
1RWKLQJDWDOOVPXJJOHUVDUHQRWWKLHYHV
%XWWKHVHWZR&RUVLFDQEDQGLWV"VDLG)UDQ]FDOFXODWLQJ
WKHFKDQFHVRISHULO
,WLVQRWWKHLUIDXOWWKDWWKH\DUHEDQGLWVEXWWKDWRI
WKHDXWKRULWLHV
+RZVR"
%HFDXVHWKH\DUHSXUVXHGIRUKDYLQJPDGHDVWLIIDVLILW
ZDVQRWLQD&RUVLFDQ
VQDWXUHWRUHYHQJHKLPVHOI
:KDWGR\RXPHDQE\KDYLQJPDGHDVWLII"KDYLQJ
DVVDVVLQDWHGDPDQ"VDLG)UDQ]FRQWLQXLQJKLV
LQYHVWLJDWLRQ
,PHDQWKDWWKH\KDYHNLOOHGDQHQHP\ZKLFKLVDYHU\
GLIIHUHQWWKLQJUHWXUQHGWKHFDSWDLQ
:HOOVDLGWKH\RXQJPDQOHWXVGHPDQGKRVSLWDOLW\RI
WKHVHVPXJJOHUVDQGEDQGLWV'R\RXWKLQNWKH\ZLOOJUDQW
LW"
:LWKRXWGRXEW
+RZPDQ\DUHWKH\"
)RXUDQGWKHWZREDQGLWVPDNHVL[
-XVWRXUQXPEHUVRWKDWLIWKH\SURYHWURXEOHVRPHZH
VKDOOEHDEOHWRKROGWKHPLQFKHFNVRIRUWKHODVWWLPH
VWHHUWR0RQWH&ULVWR
<HVEXW\RXUH[FHOOHQF\ZLOOSHUPLWXVWRWDNHDOOGXH
SUHFDXWLRQV

344

%\DOOPHDQVEHDVZLVHDV1HVWRUDQGDVSUXGHQWDV
8O\VVHV,GRPRUHWKDQSHUPLW,H[KRUW\RX
6LOHQFHWKHQVDLG*DHWDQR
(YHU\RQHREH\HG)RUDPDQZKROLNH)UDQ]YLHZHGKLV
SRVLWLRQLQLWVWUXHOLJKWLWZDVDJUDYHRQH+HZDVDORQH
LQWKHGDUNQHVVZLWKVDLORUVZKRPKHGLGQRWNQRZDQGZKR
KDGQRUHDVRQWREHGHYRWHGWRKLPZKRNQHZWKDWKHKDG
VHYHUDOWKRXVDQGIUDQFVLQKLVEHOWDQGZKRKDGRIWHQ
H[DPLQHGKLVZHDSRQVZKLFKZHUHYHU\EHDXWLIXOLI
QRWZLWKHQY\DWOHDVWZLWKFXULRVLW\2QWKHRWKHUKDQG
KHZDVDERXWWRODQGZLWKRXWDQ\RWKHUHVFRUWWKDQWKHVH
PHQRQDQLVODQGZKLFKKDGLQGHHGDYHU\UHOLJLRXVQDPH
EXWZKLFKGLGQRWVHHPWR)UDQ]OLNHO\WRDIIRUGKLPPXFK
KRVSLWDOLW\WKDQNVWRWKHVPXJJOHUVDQGEDQGLWV7KH
KLVWRU\RIWKHVFXWWOHGYHVVHOVZKLFKKDGDSSHDUHG
LPSUREDEOHGXULQJWKHGD\VHHPHGYHU\SUREDEOHDWQLJKW
SODFHGDVKHZDVEHWZHHQWZRSRVVLEOHVRXUFHVRIGDQJHUKH
NHSWKLVH\HRQWKHFUHZDQGKLVJXQLQKLVKDQG7KH
VDLORUVKDGDJDLQKRLVWHGVDLODQGWKHYHVVHOZDVRQFHPRUH
FOHDYLQJWKHZDYHV7KURXJKWKHGDUNQHVV)UDQ]ZKRVHH\HV
ZHUHQRZPRUHDFFXVWRPHGWRLWFRXOGVHHWKHORRPLQJVKRUH
DORQJZKLFKWKHERDWZDVVDLOLQJDQGWKHQDVWKH\URXQGHG
DURFN\SRLQWKHVDZWKHILUHPRUHEULOOLDQWWKDQHYHUDQG
DERXWLWILYHRUVL[SHUVRQVVHDWHG7KHEOD]HLOOXPLQHGWKH
VHDIRUDKXQGUHGSDFHVDURXQG*DHWDQRVNLUWHGWKHOLJKW
FDUHIXOO\NHHSLQJWKHERDWLQWKHVKDGRZWKHQZKHQWKH\
ZHUHRSSRVLWHWKHILUHKHVWHHUHGWRWKHFHQWUHRIWKH
FLUFOHVLQJLQJDILVKLQJVRQJRIZKLFKKLVFRPSDQLRQVVXQJ
WKHFKRUXV$WWKHILUVWZRUGVRIWKHVRQJWKHPHQVHDWHG
URXQGWKHILUHDURVHDQGDSSURDFKHGWKHODQGLQJSODFHWKHLU
H\HVIL[HGRQWKHERDWHYLGHQWO\VHHNLQJWRNQRZZKRWKH
QHZFRPHUVZHUHDQGZKDWZHUHWKHLULQWHQWLRQV7KH\VRRQ
DSSHDUHGVDWLVILHGDQGUHWXUQHG ZLWKWKHH[FHSWLRQRIRQH
ZKRUHPDLQHGDWWKHVKRUH WRWKHLUILUHDWZKLFKWKH
FDUFDVVRIDJRDWZDVURDVWLQJ:KHQWKHERDWZDVZLWKLQ
WZHQW\SDFHVRIWKHVKRUHWKHPDQRQWKHEHDFKZKRFDUULHG
DFDUELQHSUHVHQWHGDUPVDIWHUWKHPDQQHURIDVHQWLQHO
DQGFULHG:KRFRPHVWKHUH"LQ6DUGLQLDQ)UDQ]FRROO\
FRFNHGERWKEDUUHOV*DHWDQRWKHQH[FKDQJHGDIHZZRUGVZLWK
WKLVPDQZKLFKWKHWUDYHOOHUGLGQRWXQGHUVWDQGEXWZKLFK
HYLGHQWO\FRQFHUQHGKLP:LOO\RXUH[FHOOHQF\JLYH\RXU
QDPHRUUHPDLQLQFRJQLWR"DVNHGWKHFDSWDLQ

345

0\QDPHPXVWUHVWXQNQRZQPHUHO\VD\,DPD)UHQFKPDQ
WUDYHOOLQJIRUSOHDVXUH$VVRRQDV*DHWDQRKDGWUDQVPLWWHG
WKLVDQVZHUWKHVHQWLQHOJDYHDQRUGHUWRRQHRIWKHPHQ
VHDWHGURXQGWKHILUHZKRURVHDQGGLVDSSHDUHGDPRQJWKH
URFNV1RWDZRUGZDVVSRNHQHYHU\RQHVHHPHGRFFXSLHG
)UDQ]ZLWKKLVGLVHPEDUNPHQWWKHVDLORUVZLWKWKHLUVDLOV
WKHVPXJJOHUVZLWKWKHLUJRDWEXWLQWKHPLGVWRIDOOWKLV
FDUHOHVVQHVVLWZDVHYLGHQWWKDWWKH\PXWXDOO\REVHUYHGHDFK
RWKHU7KHPDQZKRKDGGLVDSSHDUHGUHWXUQHGVXGGHQO\RQWKH
RSSRVLWHVLGHWRWKDWE\ZKLFKKHKDGOHIWKHPDGHDVLJQ
ZLWKKLVKHDGWRWKHVHQWLQHOZKRWXUQLQJWRWKHERDW
VDLG6
DFFRPPRGL7KH,WDOLDQV
DFFRPPRGLLV
XQWUDQVODWDEOHLWPHDQVDWRQFH&RPHHQWHU\RXDUH
ZHOFRPHPDNH\RXUVHOIDWKRPH\RXDUHWKHPDVWHU,WLV
OLNHWKDW7XUNLVKSKUDVHRI0ROLHUH
VWKDWVRDVWRQLVKHGWKH
ERXUJHRLVJHQWOHPDQE\WKHQXPEHURIWKLQJVLPSOLHGLQLWV
XWWHUDQFH7KHVDLORUVGLGQRWZDLWIRUDVHFRQGLQYLWDWLRQ
IRXUVWURNHVRIWKHRDUEURXJKWWKHPWRODQG*DHWDQRVSUDQJ
WRVKRUHH[FKDQJHGDIHZZRUGVZLWKWKHVHQWLQHOWKHQKLV
FRPUDGHVGLVHPEDUNHGDQGODVWO\FDPH)UDQ]2QHRIKLVJXQV
ZDVVZXQJRYHUKLVVKRXOGHU*DHWDQRKDGWKHRWKHUDQGD
VDLORUKHOGKLVULIOHKLVGUHVVKDOIDUWLVWKDOIGDQG\
GLGQRWH[FLWHDQ\VXVSLFLRQDQGFRQVHTXHQWO\QR
GLVTXLHWXGH7KHERDWZDVPRRUHGWRWKHVKRUHDQGWKH\
DGYDQFHGDIHZSDFHVWRILQGDFRPIRUWDEOHELYRXDFEXW
GRXEWOHVVWKHVSRWWKH\FKRVHGLGQRWVXLWWKHVPXJJOHUZKR
ILOOHGWKHSRVWRIVHQWLQHOIRUKHFULHGRXW1RWWKDW
ZD\LI\RXSOHDVH
*DHWDQRIDOWHUHGDQH[FXVHDQGDGYDQFHGWRWKHRSSRVLWH
VLGHZKLOHWZRVDLORUVNLQGOHGWRUFKHVDWWKHILUHWROLJKW
WKHPRQWKHLUZD\7KH\DGYDQFHGDERXWWKLUW\SDFHVDQG
WKHQVWRSSHGDWDVPDOOHVSODQDGHVXUURXQGHGZLWKURFNVLQ
ZKLFKVHDWVKDGEHHQFXWQRWXQOLNHVHQWU\ER[HV$URXQGLQ
WKHFUHYLFHVRIWKHURFNVJUHZDIHZGZDUIRDNVDQGWKLFN
EXVKHVRIP\UWOHV)UDQ]ORZHUHGDWRUFKDQGVDZE\WKH
PDVVRIFLQGHUVWKDWKDGDFFXPXODWHGWKDWKHZDVQRWWKH
ILUVWWRGLVFRYHUWKLVUHWUHDWZKLFKZDVGRXEWOHVVRQHRI
WKHKDOWLQJSODFHVRIWKHZDQGHULQJYLVLWRUVRI0RQWH
&ULVWR$VIRUKLVVXVSLFLRQVRQFHRQWHUUDILUPDRQFH
WKDWKHKDGVHHQWKHLQGLIIHUHQWLIQRWIULHQGO\
DSSHDUDQFHRIKLVKRVWVKLVDQ[LHW\KDGTXLWHGLVDSSHDUHG
RUUDWKHUDWVLJKWRIWKHJRDWKDGWXUQHGWRDSSHWLWH+H

346

PHQWLRQHGWKLVWR*DHWDQRZKRUHSOLHGWKDWQRWKLQJFRXOGEH
PRUHHDV\WKDQWRSUHSDUHDVXSSHUZKHQWKH\KDGLQWKHLU
ERDWEUHDGZLQHKDOIDGR]HQSDUWULGJHVDQGDJRRGILUH
WRURDVWWKHPE\%HVLGHVDGGHGKHLIWKHVPHOORI
WKHLUURDVWPHDWWHPSWV\RX,ZLOOJRDQGRIIHUWKHPWZRRI
RXUELUGVIRUDVOLFH
<RXDUHDERUQGLSORPDWUHWXUQHG)UDQ]JRDQGWU\
0HDQZKLOHWKHVDLORUVKDGFROOHFWHGGULHGVWLFNVDQG
EUDQFKHVZLWKZKLFKWKH\PDGHDILUH)UDQ]ZDLWHG
LPSDWLHQWO\LQKDOLQJWKHDURPDRIWKHURDVWHGPHDWZKHQ
WKHFDSWDLQUHWXUQHGZLWKDP\VWHULRXVDLU
:HOOVDLG)UDQ]DQ\WKLQJQHZ"GRWKH\UHIXVH"
2QWKHFRQWUDU\UHWXUQHG*DHWDQRWKHFKLHIZKRZDV
WROG\RXZHUHD\RXQJ)UHQFKPDQLQYLWHV\RXWRVXSZLWK
KLP
:HOOREVHUYHG)UDQ]WKLVFKLHILVYHU\SROLWHDQG,
VHHQRREMHFWLRQWKHPRUHVRDV,EULQJP\VKDUHRIWKH
VXSSHU
2KLWLVQRWWKDWKHKDVSOHQW\DQGWRVSDUHIRU
VXSSHUEXWKHPDNHVRQHFRQGLWLRQDQGUDWKHUDSHFXOLDU
RQHEHIRUHKHZLOOUHFHLYH\RXDWKLVKRXVH
+LVKRXVH"+DVKHEXLOWRQHKHUHWKHQ"
1REXWKHKDVDYHU\FRPIRUWDEOHRQHDOOWKHVDPHVRWKH\
VD\
<RXNQRZWKLVFKLHIWKHQ"
,KDYHKHDUGWDONRIKLP
)DYRUDEO\RURWKHUZLVH"
%RWK
7KHGHXFHDQGZKDWLVWKLVFRQGLWLRQ"
7KDW\RXDUHEOLQGIROGHGDQGGRQRWWDNHRIIWKHEDQGDJH

347

XQWLOKHKLPVHOIELGV\RX)UDQ]ORRNHGDW*DHWDQRWRVHH
LISRVVLEOHZKDWKHWKRXJKWRIWKLVSURSRVDO$KUHSOLHG
KHJXHVVLQJ)UDQ]
VWKRXJKW,NQRZWKLVLVDVHULRXV
PDWWHU
:KDWVKRXOG\RXGRLQP\SODFH"
,ZKRKDYHQRWKLQJWRORVH,VKRXOGJR
<RXZRXOGDFFHSW"
<HVZHUHLWRQO\RXWRIFXULRVLW\
7KHUHLVVRPHWKLQJYHU\SHFXOLDUDERXWWKLVFKLHIWKHQ"
/LVWHQVDLG*DHWDQRORZHULQJKLVYRLFH,GRQRWNQRZ
LIZKDWWKH\VD\LVWUXHKHVWRSSHGWRVHHLIDQ\RQH
ZDVQHDU
:KDWGRWKH\VD\"
7KDWWKLVFKLHILQKDELWVDFDYHUQWRZKLFKWKH3LWWL3DODFH
LVQRWKLQJ
:KDWQRQVHQVHVDLG)UDQ]UHVHDWLQJKLPVHOI
,WLVQRQRQVHQVHLWLVTXLWHWUXH&DPDWKHSLORWRIWKH
6DLQW)HUGLQDQGZHQWLQRQFHDQGKHFDPHEDFNDPD]HG
YRZLQJWKDWVXFKWUHDVXUHVZHUHRQO\WREHKHDUGRILQIDLU\
WDOHV
'R\RXNQRZREVHUYHG)UDQ]WKDWZLWKVXFKVWRULHV\RX
PDNHPHWKLQNRI$OL%DED
VHQFKDQWHGFDYHUQ"
,WHOO\RXZKDW,KDYHEHHQWROG
7KHQ\RXDGYLVHPHWRDFFHSW"
2K,GRQ
WVD\WKDW\RXUH[FHOOHQF\ZLOOGRDV\RX
SOHDVH,VKRXOGEHVRUU\WRDGYLVH\RXLQWKHPDWWHU
)UDQ]SRQGHUHGWKHPDWWHUIRUDIHZPRPHQWVFRQFOXGHGWKDW
DPDQVRULFKFRXOGQRWKDYHDQ\LQWHQWLRQRISOXQGHULQJKLP
RIZKDWOLWWOHKHKDGDQGVHHLQJRQO\WKHSURVSHFWRID
JRRGVXSSHUDFFHSWHG*DHWDQRGHSDUWHGZLWKWKHUHSO\

348

)UDQ]ZDVSUXGHQWDQGZLVKHGWROHDUQDOOKHSRVVLEO\FRXOG
FRQFHUQLQJKLVKRVW+HWXUQHGWRZDUGVWKHVDLORUZKR
GXULQJWKLVGLDORJXHKDGVDWJUDYHO\SOXFNLQJWKH
SDUWULGJHVZLWKWKHDLURIDPDQSURXGRIKLVRIILFHDQG
DVNHGKLPKRZWKHVHPHQKDGODQGHGDVQRYHVVHORIDQ\NLQG
ZDVYLVLEOH
1HYHUPLQGWKDWUHWXUQHGWKHVDLORU,NQRZWKHLU
YHVVHO
,VLWDYHU\EHDXWLIXOYHVVHO"
,ZRXOGQRWZLVKIRUDEHWWHUWRVDLOURXQGWKHZRUOG
2IZKDWEXUGHQLVVKH"
$ERXWDKXQGUHGWRQVEXWVKHLVEXLOWWRVWDQGDQ\
ZHDWKHU6KHLVZKDWWKH(QJOLVKFDOOD\DFKW
:KHUHZDVVKHEXLOW"
,NQRZQRWEXWP\RZQRSLQLRQLVVKHLVD*HQRHVH
$QGKRZGLGDOHDGHURIVPXJJOHUVFRQWLQXHG)UDQ]
YHQWXUHWREXLOGDYHVVHOGHVLJQHGIRUVXFKDSXUSRVHDW
*HQRD"
,GLGQRWVD\WKDWWKHRZQHUZDVDVPXJJOHUUHSOLHGWKH
VDLORU
1REXW*DHWDQRGLG,WKRXJKW
*DHWDQRKDGRQO\VHHQWKHYHVVHOIURPDGLVWDQFHKHKDG
QRWWKHQVSRNHQWRDQ\RQH
$QGLIWKLVSHUVRQEHQRWDVPXJJOHUZKRLVKH"
$ZHDOWK\VLJQRUZKRWUDYHOVIRUKLVSOHDVXUH
&RPHWKRXJKW)UDQ]KHLVVWLOOPRUHP\VWHULRXVVLQFH
WKHWZRDFFRXQWVGRQRWDJUHH
:KDWLVKLVQDPH"

349

,I\RXDVNKLPKHVD\V6LQEDGWKH6DLORUEXW,GRXEWLILW
EHKLVUHDOQDPH
6LQEDGWKH6DLORU"
<HV
$QGZKHUHGRHVKHUHVLGH"
2QWKHVHD
:KDWFRXQWU\GRHVKHFRPHIURP"
,GRQRWNQRZ
+DYH\RXHYHUVHHQKLP"
6RPHWLPHV
:KDWVRUWRIDPDQLVKH"
<RXUH[FHOOHQF\ZLOOMXGJHIRU\RXUVHOI
:KHUHZLOOKHUHFHLYHPH"
1RGRXEWLQWKHVXEWHUUDQHDQSDODFH*DHWDQRWROG\RXRI
+DYH\RXQHYHUKDGWKHFXULRVLW\ZKHQ\RXKDYHODQGHGDQG
IRXQGWKLVLVODQGGHVHUWHGWRVHHNIRUWKLVHQFKDQWHG
SDODFH"
2K\HVPRUHWKDQRQFHEXWDOZD\VLQYDLQZHH[DPLQHG
WKHJURWWRDOORYHUEXWZHQHYHUFRXOGILQGWKHVOLJKWHVW
WUDFHRIDQ\RSHQLQJWKH\VD\WKDWWKHGRRULVQRWRSHQHG
E\DNH\EXWDPDJLFZRUG
'HFLGHGO\PXWWHUHG)UDQ]WKLVLVDQ$UDELDQ1LJKWV

DGYHQWXUH
+LVH[FHOOHQF\ZDLWVIRU\RXVDLGDYRLFHZKLFKKH
UHFRJQL]HGDVWKDWRIWKHVHQWLQHO+HZDVDFFRPSDQLHGE\
WZRRIWKH\DFKW
VFUHZ)UDQ]GUHZKLVKDQGNHUFKLHIIURP
KLVSRFNHWDQGSUHVHQWHGLWWRWKHPDQZKRKDGVSRNHQWR
KLP:LWKRXWXWWHULQJDZRUGWKH\EDQGDJHGKLVH\HVZLWKD

350

FDUHWKDWVKRZHGWKHLUDSSUHKHQVLRQVRIKLVFRPPLWWLQJVRPH
LQGLVFUHWLRQ$IWHUZDUGVKHZDVPDGHWRSURPLVHWKDWKH
ZRXOGQRWPDNHWKHOHDVWDWWHPSWWRUDLVHWKHEDQGDJH+H
SURPLVHG7KHQKLVWZRJXLGHVWRRNKLVDUPVDQGKHZHQWRQ
JXLGHGE\WKHPDQGSUHFHGHGE\WKHVHQWLQHO$IWHUJRLQJ
DERXWWKLUW\SDFHVKHVPHOWWKHDSSHWL]LQJRGRURIWKHNLG
WKDWZDVURDVWLQJDQGNQHZWKXVWKDWKHZDVSDVVLQJWKH
ELYRXDFWKH\WKHQOHGKLPRQDERXWILIW\SDFHVIDUWKHU
HYLGHQWO\DGYDQFLQJWRZDUGVWKDWSDUWRIWKHVKRUHZKHUH
WKH\ZRXOGQRWDOORZ*DHWDQRWRJRDUHIXVDOKHFRXOGQRZ
FRPSUHKHQG3UHVHQWO\E\DFKDQJHLQWKHDWPRVSKHUHKH
NQHZWKDWWKH\ZHUHHQWHULQJDFDYHDIWHUJRLQJRQIRUD
IHZVHFRQGVPRUHKHKHDUGDFUDFNOLQJDQGLWVHHPHGWRKLP
DVWKRXJKWKHDWPRVSKHUHDJDLQFKDQJHGDQGEHFDPHEDOP\DQG
SHUIXPHG$WOHQJWKKLVIHHWWRXFKHGRQDWKLFNDQGVRIW
FDUSHWDQGKLVJXLGHVOHWJRWKHLUKROGRIKLP7KHUHZDVD
PRPHQW
VVLOHQFHDQGWKHQDYRLFHLQH[FHOOHQW)UHQFK
DOWKRXJKZLWKDIRUHLJQDFFHQWVDLG:HOFRPHVLU,EHJ
\RXZLOOUHPRYH\RXUEDQGDJH,WPD\EHVXSSRVHGWKHQ
)UDQ]GLGQRWZDLWIRUDUHSHWLWLRQRIWKLVSHUPLVVLRQEXW
WRRNRIIWKHKDQGNHUFKLHIDQGIRXQGKLPVHOILQWKHSUHVHQFH
RIDPDQIURPWKLUW\HLJKWWRIRUW\\HDUVRIDJHGUHVVHGLQ
D7XQLVLDQFRVWXPHWKDWLVWRVD\DUHGFDSZLWKDORQJ
EOXHVLONWDVVHODYHVWRIEODFNFORWKHPEURLGHUHGZLWK
JROGSDQWDORRQVRIGHHSUHGODUJHDQGIXOOJDLWHUVRIWKH
VDPHFRORUHPEURLGHUHGZLWKJROGOLNHWKHYHVWDQG\HOORZ
VOLSSHUVKHKDGDVSOHQGLGFDVKPHUHURXQGKLVZDLVWDQGD
VPDOOVKDUSDQGFURRNHGFDQJLDUZDVSDVVHGWKURXJKKLV
JLUGOH$OWKRXJKRIDSDOHQHVVWKDWZDVDOPRVWOLYLGWKLV
PDQKDGDUHPDUNDEO\KDQGVRPHIDFHKLVH\HVZHUH
SHQHWUDWLQJDQGVSDUNOLQJKLVQRVHTXLWHVWUDLJKWDQG
SURMHFWLQJGLUHFWIURPWKHEURZZDVRIWKHSXUH*UHHNW\SH
ZKLOHKLVWHHWKDVZKLWHDVSHDUOVZHUHVHWRIIWR
DGPLUDWLRQE\WKHEODFNPXVWDFKHWKDWHQFLUFOHGWKHP
+LVSDOORUZDVVRSHFXOLDUWKDWLWVHHPHGWRSHUWDLQWRRQH
ZKRKDGEHHQORQJHQWRPEHGDQGZKRZDVLQFDSDEOHRI
UHVXPLQJWKHKHDOWK\JORZDQGKXHRIOLIH+HZDVQRW
SDUWLFXODUO\WDOOEXWH[WUHPHO\ZHOOPDGHDQGOLNHWKH
PHQRIWKHVRXWKKDGVPDOOKDQGVDQGIHHW%XWZKDW
DVWRQLVKHG)UDQ]ZKRKDGWUHDWHG*DHWDQR
VGHVFULSWLRQDVD
IDEOHZDVWKHVSOHQGRURIWKHDSDUWPHQWLQZKLFKKHIRXQG
KLPVHOI7KHHQWLUHFKDPEHUZDVOLQHGZLWKFULPVRQEURFDGH
ZRUNHGZLWKIORZHUVRIJROG,QDUHFHVVZDVDNLQGRI

351

GLYDQVXUPRXQWHGZLWKDVWDQGRI$UDELDQVZRUGVLQVLOYHU
VFDEEDUGVDQGWKHKDQGOHVUHVSOHQGHQWZLWKJHPVIURPWKH
FHLOLQJKXQJDODPSRI9HQHWLDQJODVVRIEHDXWLIXOVKDSH
DQGFRORUZKLOHWKHIHHWUHVWHGRQD7XUNH\FDUSHWLQ
ZKLFKWKH\VXQNWRWKHLQVWHSWDSHVWU\KXQJEHIRUHWKHGRRU
E\ZKLFK)UDQ]KDGHQWHUHGDQGDOVRLQIURQWRIDQRWKHU
GRRUOHDGLQJLQWRDVHFRQGDSDUWPHQWZKLFKVHHPHGWREH
EULOOLDQWO\LOOXPLQDWHG7KHKRVWJDYH)UDQ]WLPHWRUHFRYHU
IURPKLVVXUSULVHDQGPRUHRYHUUHWXUQHGORRNIRUORRN
QRWHYHQWDNLQJKLVH\HVRIIKLP6LUKHVDLGDIWHUD
SDXVHDWKRXVDQGH[FXVHVIRUWKHSUHFDXWLRQWDNHQLQ\RXU
LQWURGXFWLRQKLWKHUEXWDVGXULQJWKHJUHDWHUSRUWLRQRI
WKH\HDUWKLVLVODQGLVGHVHUWHGLIWKHVHFUHWRIWKLV
DERGHZHUHGLVFRYHUHG,VKRXOGGRXEWOHVVILQGRQP\UHWXUQ
P\WHPSRUDU\UHWLUHPHQWLQDVWDWHRIJUHDWGLVRUGHUZKLFK
ZRXOGEHH[FHHGLQJO\DQQR\LQJQRWIRUWKHORVVLW
RFFDVLRQHGPHEXWEHFDXVH,VKRXOGQRWKDYHWKHFHUWDLQW\,
QRZSRVVHVVRIVHSDUDWLQJP\VHOIIURPDOOWKHUHVWRI
PDQNLQGDWSOHDVXUH/HWPHQRZHQGHDYRUWRPDNH\RXIRUJHW
WKLVWHPSRUDU\XQSOHDVDQWQHVVDQGRIIHU\RXZKDWQRGRXEW
\RXGLGQRWH[SHFWWRILQGKHUHWKDWLVWRVD\D
WROHUDEOHVXSSHUDQGSUHWW\FRPIRUWDEOHEHGV
0DIRLP\GHDUVLUUHSOLHG)UDQ]PDNHQRDSRORJLHV,
KDYHDOZD\VREVHUYHGWKDWWKH\EDQGDJHSHRSOH
VH\HVZKR
SHQHWUDWHHQFKDQWHGSDODFHVIRULQVWDQFHWKRVHRI5DRXOLQ
WKHC+XJXHQRWV
DQGUHDOO\,KDYHQRWKLQJWRFRPSODLQRI
IRUZKDW,VHHPDNHVPHWKLQNRIWKHZRQGHUVRIWKHC$UDELDQ
1LJKWV

$ODV,PD\VD\ZLWK/XFXOOXVLI,FRXOGKDYHDQWLFLSDWHG
WKHKRQRURI\RXUYLVLW,ZRXOGKDYHSUHSDUHGIRULW%XW
VXFKDVLVP\KHUPLWDJHLWLVDW\RXUGLVSRVDOVXFKDVLV
P\VXSSHULWLV\RXUVWRVKDUHLI\RXZLOO$OLLVWKH
VXSSHUUHDG\"$WWKLVPRPHQWWKHWDSHVWU\PRYHGDVLGHDQG
D1XELDQEODFNDVHERQ\DQGGUHVVHGLQDSODLQZKLWH
WXQLFPDGHDVLJQWRKLVPDVWHUWKDWDOOZDVSUHSDUHGLQ
WKHGLQLQJURRP1RZVDLGWKHXQNQRZQWR)UDQ],GRQRW
NQRZLI\RXDUHRIP\RSLQLRQEXW,WKLQNQRWKLQJLVPRUH
DQQR\LQJWKDQWRUHPDLQWZRRUWKUHHKRXUVWRJHWKHUZLWKRXW
NQRZLQJE\QDPHRUDSSHOODWLRQKRZWRDGGUHVVRQHDQRWKHU
3UD\REVHUYHWKDW,WRRPXFKUHVSHFWWKHODZVRI
KRVSLWDOLW\WRDVN\RXUQDPHRUWLWOH,RQO\UHTXHVW\RXWR
JLYHPHRQHE\ZKLFK,PD\KDYHWKHSOHDVXUHRIDGGUHVVLQJ

352

\RX$VIRUP\VHOIWKDW,PD\SXW\RXDW\RXUHDVH,WHOO
\RXWKDW,DPJHQHUDOO\FDOOHGC6LQEDGWKH6DLORU

$QG,UHSOLHG)UDQ]ZLOOWHOO\RXDV,RQO\UHTXLUH
KLVZRQGHUIXOODPSWRPDNHPHSUHFLVHO\OLNH$ODGGLQWKDW,
VHHQRUHDVRQZK\DWWKLVPRPHQW,VKRXOGQRWEHFDOOHG
$ODGGLQ7KDWZLOONHHSXVIURPJRLQJDZD\IURPWKH(DVW
ZKLWKHU,DPWHPSWHGWRWKLQN,KDYHEHHQFRQYH\HGE\VRPH
JRRGJHQLXV
:HOOWKHQ6LJQRU$ODGGLQUHSOLHGWKHVLQJXODU
DPSKLWU\RQ\RXKHDUGRXUUHSDVWDQQRXQFHGZLOO\RXQRZ
WDNHWKHWURXEOHWRHQWHUWKHGLQLQJURRP\RXUKXPEOH
VHUYDQWJRLQJILUVWWRVKRZWKHZD\"$WWKHVHZRUGVPRYLQJ
DVLGHWKHWDSHVWU\6LQEDGSUHFHGHGKLVJXHVW)UDQ]QRZ
ORRNHGXSRQDQRWKHUVFHQHRIHQFKDQWPHQWWKHWDEOHZDV
VSOHQGLGO\FRYHUHGDQGRQFHFRQYLQFHGRIWKLVLPSRUWDQW
SRLQWKHFDVWKLVH\HVDURXQGKLP7KHGLQLQJURRPZDV
VFDUFHO\OHVVVWULNLQJWKDQWKHURRPKHKDGMXVWOHIWLW
ZDVHQWLUHO\RIPDUEOHZLWKDQWLTXHEDVUHOLHIVRI
SULFHOHVVYDOXHDQGDWWKHIRXUFRUQHUVRIWKLVDSDUWPHQW
ZKLFKZDVREORQJZHUHIRXUPDJQLILFHQWVWDWXHVKDYLQJ
EDVNHWVLQWKHLUKDQGV7KHVHEDVNHWVFRQWDLQHGIRXU
S\UDPLGVRIPRVWVSOHQGLGIUXLWWKHUHZHUH6LFLO\
SLQHDSSOHVSRPHJUDQDWHVIURP0DODJDRUDQJHVIURPWKH
%DOHDULF,VOHVSHDFKHVIURP)UDQFHDQGGDWHVIURP7XQLV
7KHVXSSHUFRQVLVWHGRIDURDVWSKHDVDQWJDUQLVKHGZLWK
&RUVLFDQEODFNELUGVDERDU
VKDPZLWKMHOO\DTXDUWHURID
NLGZLWKWDUWDUVDXFHDJORULRXVWXUERWDQGDJLJDQWLF
OREVWHU%HWZHHQWKHVHODUJHGLVKHVZHUHVPDOOHURQHV
FRQWDLQLQJYDULRXVGDLQWLHV7KHGLVKHVZHUHRIVLOYHUDQG
WKHSODWHVRI-DSDQHVHFKLQD
)UDQ]UXEEHGKLVH\HVLQRUGHUWRDVVXUHKLPVHOIWKDWWKLV
ZDVQRWDGUHDP$OLDORQHZDVSUHVHQWWRZDLWDWWDEOHDQG
DFTXLWWHGKLPVHOIVRDGPLUDEO\WKDWWKHJXHVWFRPSOLPHQWHG
KLVKRVWWKHUHXSRQ<HVUHSOLHGKHZKLOHKHGLGWKH
KRQRUVRIWKHVXSSHUZLWKPXFKHDVHDQGJUDFH\HVKHLV
DSRRUGHYLOZKRLVPXFKGHYRWHGWRPHDQGGRHVDOOKHFDQ
WRSURYHLW+HUHPHPEHUVWKDW,VDYHGKLVOLIHDQGDVKH
KDVDUHJDUGIRUKLVKHDGKHIHHOVVRPHJUDWLWXGHWRZDUGV
PHIRUKDYLQJNHSWLWRQKLVVKRXOGHUV$OLDSSURDFKHGKLV
PDVWHUWRRNKLVKDQGDQGNLVVHGLW

353

:RXOGLWEHLPSHUWLQHQW6LJQRU6LQEDGVDLG)UDQ]WR
DVN\RXWKHSDUWLFXODUVRIWKLVNLQGQHVV"
2KWKH\DUHVLPSOHHQRXJKUHSOLHGWKHKRVW,WVHHPV
WKHIHOORZKDGEHHQFDXJKWZDQGHULQJQHDUHUWRWKHKDUHPRI
WKH%H\RI7XQLVWKDQHWLTXHWWHSHUPLWVWRRQHRIKLVFRORU
DQGKHZDVFRQGHPQHGE\WKHEH\WRKDYHKLVWRQJXHFXWRXW
DQGKLVKDQGDQGKHDGFXWRIIWKHWRQJXHWKHILUVWGD\WKH
KDQGWKHVHFRQGDQGWKHKHDGWKHWKLUG,DOZD\VKDGD
GHVLUHWRKDYHDPXWHLQP\VHUYLFHVROHDUQLQJWKHGD\KLV
WRQJXHZDVFXWRXW,ZHQWWRWKHEH\DQGSURSRVHGWRJLYH
KLPIRU$OLDVSOHQGLGGRXEOHEDUUHOHGJXQZKLFK,NQHZKH
ZDVYHU\GHVLURXVRIKDYLQJ+HKHVLWDWHGDPRPHQWKHZDV
VRYHU\GHVLURXVWRFRPSOHWHWKHSRRUGHYLO
VSXQLVKPHQW
%XWZKHQ,DGGHGWRWKHJXQDQ(QJOLVKFXWODVVZLWKZKLFK,
KDGVKLYHUHGKLVKLJKQHVV
V\DWDJKDQWRSLHFHVWKHEH\
\LHOGHGDQGDJUHHGWRIRUJLYHWKHKDQGDQGKHDGEXWRQ
FRQGLWLRQWKDWWKHSRRUIHOORZQHYHUDJDLQVHWIRRWLQ
7XQLV7KLVZDVDXVHOHVVFODXVHLQWKHEDUJDLQIRU
ZKHQHYHUWKHFRZDUGVHHVWKHILUVWJOLPSVHRIWKHVKRUHVRI
$IULFDKHUXQVGRZQEHORZDQGFDQRQO\EHLQGXFHGWR
DSSHDUDJDLQZKHQZHDUHRXWRIVLJKWRIWKDWTXDUWHURIWKH
JOREH
)UDQ]UHPDLQHGDPRPHQWVLOHQWDQGSHQVLYHKDUGO\NQRZLQJ
ZKDWWRWKLQNRIWKHKDOINLQGQHVVKDOIFUXHOW\ZLWKZKLFK
KLVKRVWUHODWHGWKHEULHIQDUUDWLYH$QGOLNHWKH
FHOHEUDWHGVDLORUZKRVHQDPH\RXKDYHDVVXPHGKHVDLGE\
ZD\RIFKDQJLQJWKHFRQYHUVDWLRQ\RXSDVV\RXUOLIHLQ
WUDYHOOLQJ"
<HV,PDGHDYRZDWDWLPHZKHQ,OLWWOHWKRXJKW,VKRXOG
HYHUEHDEOHWRDFFRPSOLVKLWVDLGWKHXQNQRZQZLWKD
VLQJXODUVPLOHDQG,PDGHVRPHRWKHUVDOVRZKLFK,KRSH,
PD\IXOILOLQGXHVHDVRQ$OWKRXJK6LQEDGSURQRXQFHGWKHVH
ZRUGVZLWKPXFKFDOPQHVVKLVH\HVJDYHIRUWKJOHDPVRI
H[WUDRUGLQDU\IHURFLW\
<RXKDYHVXIIHUHGDJUHDWGHDOVLU"VDLG)UDQ]
LQTXLULQJO\
6LQEDGVWDUWHGDQGORRNHGIL[HGO\DWKLPDVKHUHSOLHG
:KDWPDNHV\RXVXSSRVHVR"

354

(YHU\WKLQJDQVZHUHG)UDQ]\RXUYRLFH\RXUORRN
\RXUSDOOLGFRPSOH[LRQDQGHYHQWKHOLIH\RXOHDG
,",OLYHWKHKDSSLHVWOLIHSRVVLEOHWKHUHDOOLIHRID
SDVKD,DPNLQJRIDOOFUHDWLRQ,DPSOHDVHGZLWKRQH
SODFHDQGVWD\WKHUH,JHWWLUHGRILWDQGOHDYHLW,DP
IUHHDVDELUGDQGKDYHZLQJVOLNHRQHP\DWWHQGDQWVREH\
P\VOLJKWHVWZLVK6RPHWLPHV,DPXVHP\VHOIE\GHOLYHULQJ
VRPHEDQGLWRUFULPLQDOIURPWKHERQGVRIWKHODZ7KHQ,
KDYHP\PRGHRIGLVSHQVLQJMXVWLFHVLOHQWDQGVXUHZLWKRXW
UHVSLWHRUDSSHDOZKLFKFRQGHPQVRUSDUGRQVDQGZKLFKQR
RQHVHHV$KLI\RXKDGWDVWHGP\OLIH\RXZRXOGQRW
GHVLUHDQ\RWKHUDQGZRXOGQHYHUUHWXUQWRWKHZRUOGXQOHVV
\RXKDGVRPHJUHDWSURMHFWWRDFFRPSOLVKWKHUH
5HYHQJHIRULQVWDQFHREVHUYHG)UDQ]
7KHXQNQRZQIL[HGRQWKH\RXQJPDQRQHRIWKRVHORRNVZKLFK
SHQHWUDWHLQWRWKHGHSWKRIWKHKHDUWDQGWKRXJKWV$QGZK\
UHYHQJH"KHDVNHG
%HFDXVHUHSOLHG)UDQ]\RXVHHPWRPHOLNHDPDQZKR
SHUVHFXWHGE\VRFLHW\KDVDIHDUIXODFFRXQWWRVHWWOHZLWK
LW
$KUHVSRQGHG6LQEDGODXJKLQJZLWKKLVVLQJXODUODXJK
ZKLFKGLVSOD\HGKLVZKLWHDQGVKDUSWHHWK<RXKDYHQRW
JXHVVHGULJKWO\6XFKDV\RXVHHPH,DPDVRUWRI
SKLORVRSKHUDQGRQHGD\SHUKDSV,VKDOOJRWR3DULVWR
ULYDO0RQVLHXU$SSHUWDQGWKHOLWWOHPDQLQWKHEOXH
FORDN
$QGZLOOWKDWEHWKHILUVWWLPH\RXHYHUWRRNWKDW
MRXUQH\"
<HVLWZLOO,PXVWVHHPWR\RXE\QRPHDQVFXULRXVEXW,
DVVXUH\RXWKDWLWLVQRWP\IDXOW,KDYHGHOD\HGLWVRORQJ
LWZLOOKDSSHQRQHGD\RUWKHRWKHU
$QGGR\RXSURSRVHWRPDNHWKLVMRXUQH\YHU\VKRUWO\"
,GRQRWNQRZLWGHSHQGVRQFLUFXPVWDQFHVZKLFKGHSHQGRQ
FHUWDLQDUUDQJHPHQWV

355

,VKRXOGOLNHWREHWKHUHDWWKHWLPH\RXFRPHDQG,ZLOO
HQGHDYRUWRUHSD\\RXDVIDUDVOLHVLQP\SRZHUIRU\RXU
OLEHUDOKRVSLWDOLW\GLVSOD\HGWRPHDW0RQWH&ULVWR
,VKRXOGDYDLOP\VHOIRI\RXURIIHUZLWKSOHDVXUHUHSOLHG
WKHKRVWEXWXQIRUWXQDWHO\LI,JRWKHUHLWZLOOEHLQ
DOOSUREDELOLW\LQFRJQLWR
7KHVXSSHUDSSHDUHGWRKDYHEHHQVXSSOLHGVROHO\IRU)UDQ]
IRUWKHXQNQRZQVFDUFHO\WRXFKHGRQHRUWZRGLVKHVRIWKH
VSOHQGLGEDQTXHWWRZKLFKKLVJXHVWGLGDPSOHMXVWLFH7KHQ
$OLEURXJKWRQWKHGHVVHUWRUUDWKHUWRRNWKHEDVNHWVIURP
WKHKDQGVRIWKHVWDWXHVDQGSODFHGWKHPRQWKHWDEOH
%HWZHHQWKHWZREDVNHWVKHSODFHGDVPDOOVLOYHUFXSZLWKD
VLOYHUFRYHU7KHFDUHZLWKZKLFK$OLSODFHGWKLVFXSRQWKH
WDEOHURXVHG)UDQ]
VFXULRVLW\+HUDLVHGWKHFRYHUDQGVDZ
DNLQGRIJUHHQLVKSDVWHVRPHWKLQJOLNHSUHVHUYHGDQJHOLFD
EXWZKLFKZDVSHUIHFWO\XQNQRZQWRKLP+HUHSODFHGWKHOLG
DVLJQRUDQWRIZKDWWKHFXSFRQWDLQHGDVKHZDVEHIRUHKH
KDGORRNHGDWLWDQGWKHQFDVWLQJKLVH\HVWRZDUGVKLVKRVW
KHVDZKLPVPLOHDWKLVGLVDSSRLQWPHQW<RXFDQQRWJXHVV
VDLGKHZKDWWKHUHLVLQWKDWVPDOOYDVHFDQ\RX"
1R,UHDOO\FDQQRW
:HOOWKHQWKDWJUHHQSUHVHUYHLVQRWKLQJOHVVWKDQWKH
DPEURVLDZKLFK+HEHVHUYHGDWWKHWDEOHRI-XSLWHU
%XWUHSOLHG)UDQ]WKLVDPEURVLDQRGRXEWLQSDVVLQJ
WKURXJKPRUWDOKDQGVKDVORVWLWVKHDYHQO\DSSHOODWLRQDQG
DVVXPHGDKXPDQQDPHLQYXOJDUSKUDVHZKDWPD\\RXWHUP
WKLVFRPSRVLWLRQIRUZKLFKWRWHOOWKHWUXWK,GRQRW
IHHODQ\SDUWLFXODUGHVLUH"
$KWKXVLWLVWKDWRXUPDWHULDORULJLQLVUHYHDOHGFULHG
6LQEDGZHIUHTXHQWO\SDVVVRQHDUWRKDSSLQHVVZLWKRXW
VHHLQJZLWKRXWUHJDUGLQJLWRULIZHGRVHHDQGUHJDUGLW
\HWZLWKRXWUHFRJQL]LQJLW$UH\RXDPDQIRUWKH
VXEVWDQWLDOVDQGLVJROG\RXUJRG"WDVWHWKLVDQGWKH
PLQHVRI3HUX*X]HUDWDQG*ROFRQGDDUHRSHQHGWR\RX$UH
\RXDPDQRILPDJLQDWLRQDSRHW"WDVWHWKLVDQGWKH
ERXQGDULHVRISRVVLELOLW\GLVDSSHDUWKHILHOGVRILQILQLWH
VSDFHRSHQWR\RX\RXDGYDQFHIUHHLQKHDUWIUHHLQPLQG
LQWRWKHERXQGOHVVUHDOPVRIXQIHWWHUHGUHYHU\$UH\RX

356

DPELWLRXVDQGGR\RXVHHNDIWHUWKHJUHDWQHVVHVRIWKH
HDUWK"WDVWHWKLVDQGLQDQKRXU\RXZLOOEHDNLQJQRWD
NLQJRIDSHWW\NLQJGRPKLGGHQLQVRPHFRUQHURI(XURSHOLNH
)UDQFH6SDLQRU(QJODQGEXWNLQJRIWKHZRUOGNLQJRI
WKHXQLYHUVHNLQJRIFUHDWLRQZLWKRXWERZLQJDWWKHIHHW
RI6DWDQ\RXZLOOEHNLQJDQGPDVWHURIDOOWKHNLQJGRPVRI
WKHHDUWK,VLWQRWWHPSWLQJZKDW,RIIHU\RXDQGLVLW
QRWDQHDV\WKLQJVLQFHLWLVRQO\WRGRWKXV"ORRN$W
WKHVHZRUGVKHXQFRYHUHGWKHVPDOOFXSZKLFKFRQWDLQHGWKH
VXEVWDQFHVRODXGHGWRRNDWHDVSRRQIXORIWKHPDJLF
VZHHWPHDWUDLVHGLWWRKLVOLSVDQGVZDOORZHGLWVORZO\
ZLWKKLVH\HVKDOIVKXWDQGKLVKHDGEHQWEDFNZDUGV)UDQ]
GLGQRWGLVWXUEKLPZKLOVWKHDEVRUEHGKLVIDYRULWH
VZHHWPHDWEXWZKHQKHKDGILQLVKHGKHLQTXLUHG:KDW
WKHQLVWKLVSUHFLRXVVWXII"
'LG\RXHYHUKHDUKHUHSOLHGRIWKH2OG0DQRIWKH
0RXQWDLQZKRDWWHPSWHGWRDVVDVVLQDWH3KLOLS$XJXVWXV"
2IFRXUVH,KDYH
:HOO\RXNQRZKHUHLJQHGRYHUDULFKYDOOH\ZKLFKZDV
RYHUKXQJE\WKHPRXQWDLQZKHQFHKHGHULYHGKLVSLFWXUHVTXH
QDPH,QWKLVYDOOH\ZHUHPDJQLILFHQWJDUGHQVSODQWHGE\
+DVVHQEHQ6DEDKDQGLQWKHVHJDUGHQVLVRODWHGSDYLOLRQV
,QWRWKHVHSDYLOLRQVKHDGPLWWHGWKHHOHFWDQGWKHUHVD\V
0DUFR3RORJDYHWKHPWRHDWDFHUWDLQKHUEZKLFK
WUDQVSRUWHGWKHPWR3DUDGLVHLQWKHPLGVWRIHYHUEORRPLQJ
VKUXEVHYHUULSHIUXLWDQGHYHUORYHO\YLUJLQV:KDWWKHVH
KDSS\SHUVRQVWRRNIRUUHDOLW\ZDVEXWDGUHDPEXWLWZDVD
GUHDPVRVRIWVRYROXSWXRXVVRHQWKUDOOLQJWKDWWKH\VROG
WKHPVHOYHVERG\DQGVRXOWRKLPZKRJDYHLWWRWKHPDQG
REHGLHQWWRKLVRUGHUVDVWRWKRVHRIDGHLW\VWUXFNGRZQ
WKHGHVLJQDWHGYLFWLPGLHGLQWRUWXUHZLWKRXWDPXUPXU
EHOLHYLQJWKDWWKHGHDWKWKH\XQGHUZHQWZDVEXWDTXLFN
WUDQVLWLRQWRWKDWOLIHRIGHOLJKWVRIZKLFKWKHKRO\KHUE
QRZEHIRUH\RXKDGJLYHQWKHPDVOLJKWIRUHWDVWH
7KHQFULHG)UDQ]LWLVKDVKLVK,NQRZWKDWE\QDPH
DWOHDVW
7KDWLVLWSUHFLVHO\6LJQRU$ODGGLQLWLVKDVKLVKWKH
SXUHVWDQGPRVWXQDGXOWHUDWHGKDVKLVKRI$OH[DQGULDWKH
KDVKLVKRI$ERX*RUWKHFHOHEUDWHGPDNHUWKHRQO\PDQWKH

357

PDQWRZKRPWKHUHVKRXOGEHEXLOWDSDODFHLQVFULEHGZLWK
WKHVHZRUGVC$JUDWHIXOZRUOGWRWKHGHDOHULQKDSSLQHVV

'R\RXNQRZVDLG)UDQ],KDYHDYHU\JUHDWLQFOLQDWLRQ
WRMXGJHIRUP\VHOIRIWKHWUXWKRUH[DJJHUDWLRQRI\RXU
HXORJLHV
-XGJHIRU\RXUVHOI6LJQRU$ODGGLQMXGJHEXWGRQRW
FRQILQH\RXUVHOIWRRQHWULDO/LNHHYHU\WKLQJHOVHZHPXVW
KDELWXDWHWKHVHQVHVWRDIUHVKLPSUHVVLRQJHQWOHRU
YLROHQWVDGRUMR\RXV7KHUHLVDVWUXJJOHLQQDWXUH
DJDLQVWWKLVGLYLQHVXEVWDQFHLQQDWXUHZKLFKLVQRW
PDGHIRUMR\DQGFOLQJVWRSDLQ1DWXUHVXEGXHGPXVW\LHOG
LQWKHFRPEDWWKHGUHDPPXVWVXFFHHGWRUHDOLW\DQGWKHQ
WKHGUHDPUHLJQVVXSUHPHWKHQWKHGUHDPEHFRPHVOLIHDQG
OLIHEHFRPHVWKHGUHDP%XWZKDWFKDQJHVRFFXU,WLVRQO\
E\FRPSDULQJWKHSDLQVRIDFWXDOEHLQJZLWKWKHMR\VRIWKH
DVVXPHGH[LVWHQFHWKDW\RXZRXOGGHVLUHWROLYHQRORQJHU
EXWWRGUHDPWKXVIRUHYHU:KHQ\RXUHWXUQWRWKLVPXQGDQH
VSKHUHIURP\RXUYLVLRQDU\ZRUOG\RXZRXOGVHHPWROHDYHD
1HDSROLWDQVSULQJIRUD/DSODQGZLQWHUWRTXLWSDUDGLVH
IRUHDUWKKHDYHQIRUKHOO7DVWHWKHKDVKLVKJXHVWRI
PLQHWDVWHWKHKDVKLVK
)UDQ]
VRQO\UHSO\ZDVWRWDNHDWHDVSRRQIXORIWKH
PDUYHOORXVSUHSDUDWLRQDERXWDVPXFKLQTXDQWLW\DVKLV
KRVWKDGHDWHQDQGOLIWLWWRKLVPRXWK'LDEOHKHVDLG
DIWHUKDYLQJVZDOORZHGWKHGLYLQHSUHVHUYH,GRQRWNQRZ
LIWKHUHVXOWZLOOEHDVDJUHHDEOHDV\RXGHVFULEHEXWWKH
WKLQJGRHVQRWDSSHDUWRPHDVSDODWDEOHDV\RXVD\
%HFDXVH\RXUSDODWHKLVQRW\HWEHHQDWWXQHGWRWKH
VXEOLPLW\RIWKHVXEVWDQFHVLWIODYRUV7HOOPHWKHILUVW
WLPH\RXWDVWHGR\VWHUVWHDSRUWHUWUXIIOHVDQGVXQGU\
RWKHUGDLQWLHVZKLFK\RXQRZDGRUHGLG\RXOLNHWKHP"&RXOG
\RXFRPSUHKHQGKRZWKH5RPDQVVWXIIHGWKHLUSKHDVDQWVZLWK
DVVDIRHWLGDDQGWKH&KLQHVHHDWVZDOORZV
QHVWV"(K"QR
:HOOLWLVWKHVDPHZLWKKDVKLVKRQO\HDWIRUDZHHNDQG
QRWKLQJLQWKHZRUOGZLOOVHHPWR\RXWRHTXDOWKHGHOLFDF\
RILWVIODYRUZKLFKQRZDSSHDUVWR\RXIODWDQG
GLVWDVWHIXO/HWXVQRZJRLQWRWKHDGMRLQLQJFKDPEHUZKLFK
LV\RXUDSDUWPHQWDQG$OLZLOOEULQJXVFRIIHHDQGSLSHV
7KH\ERWKDURVHDQGZKLOHKHZKRFDOOHGKLPVHOI6LQEDG
DQGZKRPZHKDYHRFFDVLRQDOO\QDPHGVRWKDWZHPLJKWOLNH

358

KLVJXHVWKDYHVRPHWLWOHE\ZKLFKWRGLVWLQJXLVKKLP
JDYHVRPHRUGHUVWRWKHVHUYDQW)UDQ]HQWHUHGVWLOODQRWKHU
DSDUWPHQW,WZDVVLPSO\\HWULFKO\IXUQLVKHG,WZDVURXQG
DQGDODUJHGLYDQFRPSOHWHO\HQFLUFOHGLW'LYDQZDOOV
FHLOLQJIORRUZHUHDOOFRYHUHGZLWKPDJQLILFHQWVNLQVDV
VRIWDQGGRZQ\DVWKHULFKHVWFDUSHWVWKHUHZHUH
KHDY\PDQHGOLRQVNLQVIURP$WODVVWULSHGWLJHUVNLQVIURP
%HQJDOSDQWKHUVNLQVIURPWKH&DSHVSRWWHGEHDXWLIXOO\
OLNHWKRVHWKDWDSSHDUHGWR'DQWHEHDUVNLQVIURP6LEHULD
IR[VNLQVIURP1RUZD\DQGVRRQDQGDOOWKHVHVNLQVZHUH
VWUHZQLQSURIXVLRQRQHRQWKHRWKHUVRWKDWLWVHHPHGOLNH
ZDONLQJRYHUWKHPRVWPRVV\WXUIRUUHFOLQLQJRQWKHPRVW
OX[XULRXVEHG%RWKODLGWKHPVHOYHVGRZQRQWKHGLYDQ
FKLERXTXHVZLWKMDVPLQHWXEHVDQGDPEHUPRXWKSLHFHVZHUH
ZLWKLQUHDFKDQGDOOSUHSDUHGVRWKDWWKHUHZDVQRQHHGWR
VPRNHWKHVDPHSLSHWZLFH(DFKRIWKHPWRRNRQHZKLFK$OL
OLJKWHGDQGWKHQUHWLUHGWRSUHSDUHWKHFRIIHH7KHUHZDVD
PRPHQW
VVLOHQFHGXULQJZKLFK6LQEDGJDYHKLPVHOIXSWR
WKRXJKWVWKDWVHHPHGWRRFFXS\KLPLQFHVVDQWO\HYHQLQWKH
PLGVWRIKLVFRQYHUVDWLRQDQG)UDQ]DEDQGRQHGKLPVHOIWR
WKDWPXWHUHYHU\LQWRZKLFKZHDOZD\VVLQNZKHQVPRNLQJ
H[FHOOHQWWREDFFRZKLFKVHHPVWRUHPRYHZLWKLWVIXPHDOO
WKHWURXEOHVRIWKHPLQGDQGWRJLYHWKHVPRNHULQH[FKDQJH
DOOWKHYLVLRQVRIWKHVRXO$OLEURXJKWLQWKHFRIIHH+RZ
GR\RXWDNHLW"LQTXLUHGWKHXQNQRZQLQWKH)UHQFKRU
7XUNLVKVW\OHVWURQJRUZHDNVXJDURUQRQHFRRORU
ERLOLQJ"$V\RXSOHDVHLWLVUHDG\LQDOOZD\V
,ZLOOWDNHLWLQWKH7XUNLVKVW\OHUHSOLHG)UDQ]
$QG\RXDUHULJKWVDLGKLVKRVWLWVKRZV\RXKDYHD
WHQGHQF\IRUDQ2ULHQWDOOLIH$KWKRVH2ULHQWDOVWKH\DUH
WKHRQO\PHQZKRNQRZKRZWROLYH$VIRUPHKHDGGHG
ZLWKRQHRIWKRVHVLQJXODUVPLOHVZKLFKGLGQRWHVFDSHWKH
\RXQJPDQZKHQ,KDYHFRPSOHWHGP\DIIDLUVLQ3DULV,
VKDOOJRDQGGLHLQWKH(DVWDQGVKRXOG\RXZLVKWRVHHPH
DJDLQ\RXPXVWVHHNPHDW&DLUR%DJGDGRU,VSDKDQ
0DIRLVDLG)UDQ]LWZRXOGEHWKHHDVLHVWWKLQJLQWKH
ZRUOGIRU,IHHOHDJOH
VZLQJVVSULQJLQJRXWDWP\
VKRXOGHUVDQGZLWKWKRVHZLQJV,FRXOGPDNHDWRXURIWKH
ZRUOGLQIRXUDQGWZHQW\KRXUV
$K\HVWKHKDVKLVKLVEHJLQQLQJLWVZRUN:HOOXQIXUO

359

\RXUZLQJVDQGIO\LQWRVXSHUKXPDQUHJLRQVIHDUQRWKLQJ
WKHUHLVDZDWFKRYHU\RXDQGLI\RXUZLQJVOLNHWKRVHRI
,FDUXVPHOWEHIRUHWKHVXQZHDUHKHUHWRHDVH\RXUIDOO
+HWKHQVDLGVRPHWKLQJLQ$UDELFWR$OLZKRPDGHDVLJQRI
REHGLHQFHDQGZLWKGUHZEXWQRWWRDQ\GLVWDQFH$VWR)UDQ]
DVWUDQJHWUDQVIRUPDWLRQKDGWDNHQSODFHLQKLP$OOWKH
ERGLO\IDWLJXHRIWKHGD\DOOWKHSUHRFFXSDWLRQRIPLQG
ZKLFKWKHHYHQWVRIWKHHYHQLQJKDGEURXJKWRQGLVDSSHDUHG
DVWKH\GRDWWKHILUVWDSSURDFKRIVOHHSZKHQZHDUHVWLOO
VXIILFLHQWO\FRQVFLRXVWREHDZDUHRIWKHFRPLQJRIVOXPEHU
+LVERG\VHHPHGWRDFTXLUHDQDLU\OLJKWQHVVKLVSHUFHSWLRQ
EULJKWHQHGLQDUHPDUNDEOHPDQQHUKLVVHQVHVVHHPHGWR
UHGRXEOHWKHLUSRZHUWKHKRUL]RQFRQWLQXHGWRH[SDQGEXW
LWZDVQRWWKHJORRP\KRUL]RQRIYDJXHDODUPVDQGZKLFKKH
KDGVHHQEHIRUHKHVOHSWEXWDEOXHWUDQVSDUHQWXQERXQGHG
KRUL]RQZLWKDOOWKHEOXHRIWKHRFHDQDOOWKHVSDQJOHVRI
WKHVXQDOOWKHSHUIXPHVRIWKHVXPPHUEUHH]HWKHQLQWKH
PLGVWRIWKHVRQJVRIKLVVDLORUVVRQJVVRFOHDUDQG
VRQRURXVWKDWWKH\ZRXOGKDYHPDGHDGLYLQHKDUPRQ\KDG
WKHLUQRWHVEHHQWDNHQGRZQKHVDZWKH,VODQGRI0RQWH
&ULVWRQRORQJHUDVDWKUHDWHQLQJURFNLQWKHPLGVWRIWKH
ZDYHVEXWDVDQRDVLVLQWKHGHVHUWWKHQDVKLVERDWGUHZ
QHDUHUWKHVRQJVEHFDPHORXGHUIRUDQHQFKDQWLQJDQG
P\VWHULRXVKDUPRQ\URVHWRKHDYHQDVLIVRPH/RUHOH\KDG
GHFUHHGWRDWWUDFWDVRXOWKLWKHURU$PSKLRQWKH
HQFKDQWHULQWHQGHGWKHUHWREXLOGDFLW\
$WOHQJWKWKHERDWWRXFKHGWKHVKRUHEXWZLWKRXWHIIRUW
ZLWKRXWVKRFNDVOLSVWRXFKOLSVDQGKHHQWHUHGWKHJURWWR
DPLGVWFRQWLQXHGVWUDLQVRIPRVWGHOLFLRXVPHORG\+H
GHVFHQGHGRUUDWKHUVHHPHGWRGHVFHQGVHYHUDOVWHSV
LQKDOLQJWKHIUHVKDQGEDOP\DLUOLNHWKDWZKLFKPD\EH
VXSSRVHGWRUHLJQDURXQGWKHJURWWRRI&LUFHIRUPHGIURP
VXFKSHUIXPHVDVVHWWKHPLQGDGUHDPLQJDQGVXFKILUHVDV
EXUQWKHYHU\VHQVHVDQGKHVDZDJDLQDOOKHKDGVHHQ
EHIRUHKLVVOHHSIURP6LQEDGKLVVLQJXODUKRVWWR$OL
WKHPXWHDWWHQGDQWWKHQDOOVHHPHGWRIDGHDZD\DQGEHFRPH
FRQIXVHGEHIRUHKLVH\HVOLNHWKHODVWVKDGRZVRIWKHPDJLF
ODQWHUQEHIRUHLWLVH[WLQJXLVKHGDQGKHZDVDJDLQLQWKH
FKDPEHURIVWDWXHVOLJKWHGRQO\E\RQHRIWKRVHSDOHDQG
DQWLTXHODPSVZKLFKZDWFKLQWKHGHDGRIWKHQLJKWRYHUWKH
VOHHSRISOHDVXUH7KH\ZHUHWKHVDPHVWDWXHVULFKLQIRUP
LQDWWUDFWLRQDQGSRHV\ZLWKH\HVRIIDVFLQDWLRQVPLOHV
RIORYHDQGEULJKWDQGIORZLQJKDLU7KH\ZHUH3KU\QH

360

&OHRSDWUD0HVVDOLQDWKRVHWKUHHFHOHEUDWHGFRXUWHVDQV
7KHQDPRQJWKHPJOLGHGOLNHDSXUHUD\OLNHD&KULVWLDQ
DQJHOLQWKHPLGVWRI2O\PSXVRQHRIWKRVHFKDVWHILJXUHV
WKRVHFDOPVKDGRZVWKRVHVRIWYLVLRQVZKLFKVHHPHGWRYHLO
LWVYLUJLQEURZEHIRUHWKHVHPDUEOHZDQWRQV7KHQWKHWKUHH
VWDWXHVDGYDQFHGWRZDUGVKLPZLWKORRNVRIORYHDQG
DSSURDFKHGWKHFRXFKRQZKLFKKHZDVUHSRVLQJWKHLUIHHW
KLGGHQLQWKHLUORQJZKLWHWXQLFVWKHLUWKURDWVEDUHKDLU
IORZLQJOLNHZDYHVDQGDVVXPLQJDWWLWXGHVZKLFKWKHJRGV
FRXOGQRWUHVLVWEXWZKLFKVDLQWVZLWKVWRRGDQGORRNV
LQIOH[LEOHDQGDUGHQWOLNHWKRVHZLWKZKLFKWKHVHUSHQW
FKDUPVWKHELUGDQGWKHQKHJDYHZD\EHIRUHORRNVWKDWKHOG
KLPLQDWRUWXULQJJUDVSDQGGHOLJKWHGKLVVHQVHVDVZLWKD
YROXSWXRXVNLVV,WVHHPHGWR)UDQ]WKDWKHFORVHGKLVH\HV
DQGLQDODVWORRNDERXWKLPVDZWKHYLVLRQRIPRGHVW\
FRPSOHWHO\YHLOHGDQGWKHQIROORZHGDGUHDPRISDVVLRQOLNH
WKDWSURPLVHGE\WKH3URSKHWWRWKHHOHFW/LSVRIVWRQH
WXUQHGWRIODPHEUHDVWVRILFHEHFDPHOLNHKHDWHGODYDVR
WKDWWR)UDQ]\LHOGLQJIRUWKHILUVWWLPHWRWKHVZD\RI
WKHGUXJORYHZDVDVRUURZDQGYROXSWXRXVQHVVDWRUWXUHDV
EXUQLQJPRXWKVZHUHSUHVVHGWRKLVWKLUVW\OLSVDQGKHZDV
KHOGLQFRROVHUSHQWOLNHHPEUDFHV7KHPRUHKHVWURYH
DJDLQVWWKLVXQKDOORZHGSDVVLRQWKHPRUHKLVVHQVHV\LHOGHG
WRLWVWKUDOODQGDWOHQJWKZHDU\RIDVWUXJJOHWKDWWD[HG
KLVYHU\VRXOKHJDYHZD\DQGVDQNEDFNEUHDWKOHVVDQG
H[KDXVWHGEHQHDWKWKHNLVVHVRIWKHVHPDUEOHJRGGHVVHVDQG
WKHHQFKDQWPHQWRIKLVPDUYHOORXVGUHDP

&KDSWHU
7KH:DNLQJ
:KHQ)UDQ]UHWXUQHGWRKLPVHOIKHVHHPHGVWLOOWREHLQD
GUHDP+HWKRXJKWKLPVHOILQDVHSXOFKUHLQWRZKLFKDUD\
RIVXQOLJKWLQSLW\VFDUFHO\SHQHWUDWHG+HVWUHWFKHGIRUWK
KLVKDQGDQGWRXFKHGVWRQHKHURVHWRKLVVHDWDQGIRXQG
KLPVHOIO\LQJRQKLVERXUQRXVLQDEHGRIGU\KHDWKHUYHU\
VRIWDQGRGRULIHURXV7KHYLVLRQKDGIOHGDQGDVLIWKH
VWDWXHVKDGEHHQEXWVKDGRZVIURPWKHWRPEWKH\KDG
YDQLVKHGDWKLVZDNLQJ+HDGYDQFHGVHYHUDOSDFHVWRZDUGV
WKHSRLQWZKHQFHWKHOLJKWFDPHDQGWRDOOWKHH[FLWHPHQW
RIKLVGUHDPVXFFHHGHGWKHFDOPQHVVRIUHDOLW\+HIRXQG
WKDWKHZDVLQDJURWWRZHQWWRZDUGVWKHRSHQLQJDQG

361

WKURXJKDNLQGRIIDQOLJKWVDZDEOXHVHDDQGDQD]XUHVN\
7KHDLUDQGZDWHUZHUHVKLQLQJLQWKHEHDPVRIWKHPRUQLQJ
VXQRQWKHVKRUHWKHVDLORUVZHUHVLWWLQJFKDWWLQJDQG
ODXJKLQJDQGDWWHQ\DUGVIURPWKHPWKHERDWZDVDWDQFKRU
XQGXODWLQJJUDFHIXOO\RQWKHZDWHU7KHUHIRUVRPHWLPHKH
HQMR\HGWKHIUHVKEUHH]HZKLFKSOD\HGRQKLVEURZDQG
OLVWHQHGWRWKHGDVKRIWKHZDYHVRQWKHEHDFKWKDWOHIW
DJDLQVWWKHURFNVDODFHRIIRDPDVZKLWHDVVLOYHU+HZDV
IRUVRPHWLPHZLWKRXWUHIOHFWLRQRUWKRXJKWIRUWKHGLYLQH
FKDUPZKLFKLVLQWKHWKLQJVRIQDWXUHVSHFLDOO\DIWHUD
IDQWDVWLFGUHDPWKHQJUDGXDOO\WKLVYLHZRIWKHRXWHU
ZRUOGVRFDOPVRSXUHVRJUDQGUHPLQGHGKLPRIWKH
LOOXVLYHQHVVRIKLVYLVLRQDQGRQFHPRUHDZDNHQHGPHPRU\
+HUHFDOOHGKLVDUULYDORQWKHLVODQGKLVSUHVHQWDWLRQWRD
VPXJJOHUFKLHIDVXEWHUUDQHDQSDODFHIXOORIVSOHQGRUDQ
H[FHOOHQWVXSSHUDQGDVSRRQIXORIKDVKLVK,WVHHPHG
KRZHYHUHYHQLQWKHYHU\IDFHRIRSHQGD\WKDWDWOHDVWD
\HDUKDGHODSVHGVLQFHDOOWKHVHWKLQJVKDGSDVVHGVRGHHS
ZDVWKHLPSUHVVLRQPDGHLQKLVPLQGE\WKHGUHDPDQGVR
VWURQJDKROGKDGLWWDNHQRIKLVLPDJLQDWLRQ7KXVHYHU\
QRZDQGWKHQKHVDZLQIDQF\DPLGWKHVDLORUVVHDWHGRQD
URFNRUXQGXODWLQJLQWKHYHVVHORQHRIWKHVKDGRZVZKLFK
KDGVKDUHGKLVGUHDPZLWKORRNVDQGNLVVHV2WKHUZLVHKLV
KHDGZDVSHUIHFWO\FOHDUDQGKLVERG\UHIUHVKHGKHZDV
IUHHIURPWKHVOLJKWHVWKHDGDFKHRQWKHFRQWUDU\KHIHOWD
FHUWDLQGHJUHHRIOLJKWQHVVDIDFXOW\IRUDEVRUELQJWKH
SXUHDLUDQGHQMR\LQJWKHEULJKWVXQVKLQHPRUHYLYLGO\WKDQ
HYHU
+HZHQWJD\O\XSWRWKHVDLORUVZKRURVHDVVRRQDVWKH\
SHUFHLYHGKLPDQGWKHSDWURQDFFRVWLQJKLPVDLG7KH
6LJQRU6LQEDGKDVOHIWKLVFRPSOLPHQWVIRU\RXUH[FHOOHQF\
DQGGHVLUHVXVWRH[SUHVVWKHUHJUHWKHIHHOVDWQRWEHLQJ
DEOHWRWDNHKLVOHDYHLQSHUVRQEXWKHWUXVWV\RXZLOO
H[FXVHKLPDVYHU\LPSRUWDQWEXVLQHVVFDOOVKLPWR0DODJD
6RWKHQ*DHWDQRVDLG)UDQ]WKLVLVWKHQDOO
UHDOLW\WKHUHH[LVWVDPDQZKRKDVUHFHLYHGPHLQWKLV
LVODQGHQWHUWDLQHGPHULJKWUR\DOO\DQGKLVGHSDUWHGZKLOH
,ZDVDVOHHS"
+HH[LVWVDVFHUWDLQO\DVWKDW\RXPD\VHHKLVVPDOO\DFKW
ZLWKDOOKHUVDLOVVSUHDGDQGLI\RXZLOOXVH\RXUJODVV
\RXZLOOLQDOOSUREDELOLW\UHFRJQL]H\RXUKRVWLQWKH

362

PLGVWRIKLVFUHZ6RVD\LQJ*DHWDQRSRLQWHGLQD
GLUHFWLRQLQZKLFKDVPDOOYHVVHOZDVPDNLQJVDLOWRZDUGV
WKHVRXWKHUQSRLQWRI&RUVLFD)UDQ]DGMXVWHGKLVWHOHVFRSH
DQGGLUHFWHGLWWRZDUGVWKH\DFKW*DHWDQRZDVQRWPLVWDNHQ
$WWKHVWHUQWKHP\VWHULRXVVWUDQJHUZDVVWDQGLQJXSORRNLQJ
WRZDUGVWKHVKRUHDQGKROGLQJDVS\JODVVLQKLVKDQG+H
ZDVDWWLUHGDVKHKDGEHHQRQWKHSUHYLRXVHYHQLQJDQG
ZDYHGKLVSRFNHWKDQGNHUFKLHIWRKLVJXHVWLQWRNHQRI
DGLHX)UDQ]UHWXUQHGWKHVDOXWHE\VKDNLQJKLVKDQGNHUFKLHI
DVDQH[FKDQJHRIVLJQDOV$IWHUDVHFRQGDVOLJKWFORXGRI
VPRNHZDVVHHQDWWKHVWHUQRIWKHYHVVHOZKLFKURVH
JUDFHIXOO\DVLWH[SDQGHGLQWKHDLUDQGWKHQ)UDQ]KHDUGD
VOLJKWUHSRUW7KHUHGR\RXKHDU"REVHUYHG*DHWDQRKH
LVELGGLQJ\RXDGLHX7KH\RXQJPDQWRRNKLVFDUELQHDQG
ILUHGLWLQWKHDLUEXWZLWKRXWDQ\LGHDWKDWWKHQRLVH
FRXOGEHKHDUGDWWKHGLVWDQFHZKLFKVHSDUDWHGWKH\DFKW
IURPWKHVKRUH
:KDWDUH\RXUH[FHOOHQF\
VRUGHUV"LQTXLUHG*DHWDQR
,QWKHILUVWSODFHOLJKWPHDWRUFK
$K\HV,XQGHUVWDQGUHSOLHGWKHSDWURQWRILQGWKH
HQWUDQFHWRWKHHQFKDQWHGDSDUWPHQW:LWKPXFKSOHDVXUH
\RXUH[FHOOHQF\LILWZRXOGDPXVH\RXDQG,ZLOOJHW\RX
WKHWRUFK\RXDVNIRU%XW,WRRKDYHKDGWKHLGHD\RXKDYH
DQGWZRRUWKUHHWLPHVWKHVDPHIDQF\KDVFRPHRYHUPHEXW
,KDYHDOZD\VJLYHQLWXS*LRYDQQLOLJKWDWRUFKKH
DGGHGDQGJLYHLWWRKLVH[FHOOHQF\
*LRYDQQLREH\HG)UDQ]WRRNWKHODPSDQGHQWHUHGWKH
VXEWHUUDQHDQJURWWRIROORZHGE\*DHWDQR+HUHFRJQL]HGWKH
SODFHZKHUHKHKDGDZDNHGE\WKHEHGRIKHDWKHUWKDWZDV
WKHUHEXWLWZDVLQYDLQWKDWKHFDUULHGKLVWRUFKDOO
URXQGWKHH[WHULRUVXUIDFHRIWKHJURWWR+HVDZQRWKLQJ
XQOHVVWKDWE\WUDFHVRIVPRNHRWKHUVKDGEHIRUHKLP
DWWHPSWHGWKHVDPHWKLQJDQGOLNHKLPLQYDLQ<HWKHGLG
QRWOHDYHDIRRWRIWKLVJUDQLWHZDOODVLPSHQHWUDEOHDV
IXWXULW\ZLWKRXWVWULFWVFUXWLQ\KHGLGQRWVHHDILVVXUH
ZLWKRXWLQWURGXFLQJWKHEODGHRIKLVKXQWLQJVZRUGLQWRLW
RUDSURMHFWLQJSRLQWRQZKLFKKHGLGQRWOHDQDQGSUHVVLQ
WKHKRSHVLWZRXOGJLYHZD\$OOZDVYDLQDQGKHORVWWZR
KRXUVLQKLVDWWHPSWVZKLFKZHUHDWODVWXWWHUO\XVHOHVV
$WWKHHQGRIWKLVWLPHKHJDYHXSKLVVHDUFKDQG*DHWDQR

363

VPLOHG
:KHQ)UDQ]DSSHDUHGDJDLQRQWKHVKRUHWKH\DFKWRQO\
VHHPHGOLNHDVPDOOZKLWHVSHFNRQWKHKRUL]RQ+HORRNHG
DJDLQWKURXJKKLVJODVVEXWHYHQWKHQKHFRXOGQRW
GLVWLQJXLVKDQ\WKLQJ*DHWDQRUHPLQGHGKLPWKDWKHKDGFRPH
IRUWKHSXUSRVHRIVKRRWLQJJRDWVZKLFKKHKDGXWWHUO\
IRUJRWWHQ+HWRRNKLVIRZOLQJSLHFHDQGEHJDQWRKXQWRYHU
WKHLVODQGZLWKWKHDLURIDPDQZKRLVIXOILOOLQJDGXW\
UDWKHUWKDQHQMR\LQJDSOHDVXUHDQGDWWKHHQGRIDTXDUWHU
RIDQKRXUKHKDGNLOOHGDJRDWDQGWZRNLGV7KHVHDQLPDOV
WKRXJKZLOGDQGDJLOHDVFKDPRLVZHUHWRRPXFKOLNH
GRPHVWLFJRDWVDQG)UDQ]FRXOGQRWFRQVLGHUWKHPDVJDPH
0RUHRYHURWKHULGHDVPXFKPRUHHQWKUDOOLQJRFFXSLHGKLV
PLQG6LQFHWKHHYHQLQJEHIRUHKHKDGUHDOO\EHHQWKHKHUR
RIRQHRIWKHWDOHVRIWKH7KRXVDQGDQG2QH1LJKWVDQGKH
ZDVLUUHVLVWLEO\DWWUDFWHGWRZDUGVWKHJURWWR7KHQLQ
VSLWHRIWKHIDLOXUHRIKLVILUVWVHDUFKKHEHJDQDVHFRQG
DIWHUKDYLQJWROG*DHWDQRWRURDVWRQHRIWKHWZRNLGV7KH
VHFRQGYLVLWZDVDORQJRQHDQGZKHQKHUHWXUQHGWKHNLG
ZDVURDVWHGDQGWKHUHSDVWUHDG\)UDQ]ZDVVLWWLQJRQWKH
VSRWZKHUHKHZDVRQWKHSUHYLRXVHYHQLQJZKHQKLV
P\VWHULRXVKRVWKDGLQYLWHGKLPWRVXSSHUDQGKHVDZWKH
OLWWOH\DFKWQRZOLNHDVHDJXOORQWKHZDYHFRQWLQXLQJ
KHUIOLJKWWRZDUGV&RUVLFD:K\KHUHPDUNHGWR*DHWDQR
\RXWROGPHWKDW6LJQRU6LQEDGZDVJRLQJWR0DODJDZKLOH
LWVHHPVKHLVLQWKHGLUHFWLRQRI3RUWR9HFFKLR
'RQ
W\RXUHPHPEHUVDLGWKHSDWURQ,WROG\RXWKDW
DPRQJWKHFUHZWKHUHZHUHWZR&RUVLFDQEULJDQGV"
7UXHDQGKHLVJRLQJWRODQGWKHPDGGHG)UDQ]
3UHFLVHO\VRUHSOLHG*DHWDQR$KKHLVRQHZKRIHDUV
QHLWKHU*RGQRU6DWDQWKH\VD\DQGZRXOGDWDQ\WLPHUXQ
ILIW\OHDJXHVRXWRIKLVFRXUVHWRGRDSRRUGHYLOD
VHUYLFH
%XWVXFKVHUYLFHVDVWKHVHPLJKWLQYROYHKLPZLWKWKH
DXWKRULWLHVRIWKHFRXQWU\LQZKLFKKHSUDFWLFHVWKLVNLQG
RISKLODQWKURS\VDLG)UDQ]
$QGZKDWFDUHVKHIRUWKDWUHSOLHG*DHWDQRZLWKDODXJK
RUDQ\DXWKRULWLHV"+HVPLOHVDWWKHP/HWWKHPWU\WR

364

SXUVXHKLP:K\LQWKHILUVWSODFHKLV\DFKWLVQRWD
VKLSEXWDELUGDQGKHZRXOGEHDWDQ\IULJDWHWKUHHNQRWV
LQHYHU\QLQHDQGLIKHZHUHWRWKURZKLPVHOIRQWKHFRDVW
ZK\LVKHQRWFHUWDLQRIILQGLQJIULHQGVHYHU\ZKHUH"
,WZDVSHUIHFWO\FOHDUWKDWWKH6LJQRU6LQEDG)UDQ]
VKRVW
KDGWKHKRQRURIEHLQJRQH[FHOOHQWWHUPVZLWKWKHVPXJJOHUV
DQGEDQGLWVDORQJWKHZKROHFRDVWRIWKH0HGLWHUUDQHDQDQG
VRHQMR\HGH[FHSWLRQDOSULYLOHJHV$VWR)UDQ]KHKDGQR
ORQJHUDQ\LQGXFHPHQWWRUHPDLQDW0RQWH&ULVWR+HKDGORVW
DOOKRSHRIGHWHFWLQJWKHVHFUHWRIWKHJURWWRKH
FRQVHTXHQWO\GHVSDWFKHGKLVEUHDNIDVWDQGKLVERDWEHLQJ
UHDG\KHKDVWHQHGRQERDUGDQGWKH\ZHUHVRRQXQGHUZD\
$WWKHPRPHQWWKHERDWEHJDQKHUFRXUVHWKH\ORVWVLJKWRI
WKH\DFKWDVLWGLVDSSHDUHGLQWKHJXOIRI3RUWR9HFFKLR
:LWKLWZDVHIIDFHGWKHODVWWUDFHRIWKHSUHFHGLQJQLJKW
DQGWKHQVXSSHU6LQEDGKDVKLVKVWDWXHVDOOEHFDPHD
GUHDPIRU)UDQ]7KHERDWVDLOHGRQDOOGD\DQGDOOQLJKW
DQGQH[WPRUQLQJZKHQWKHVXQURVHWKH\KDGORVWVLJKWRI
0RQWH&ULVWR:KHQ)UDQ]KDGRQFHDJDLQVHWIRRWRQVKRUH
KHIRUJRWIRUWKHPRPHQWDWOHDVWWKHHYHQWVZKLFKKDG
MXVWSDVVHGZKLOHKHILQLVKHGKLVDIIDLUVRISOHDVXUHDW
)ORUHQFHDQGWKHQWKRXJKWRIQRWKLQJEXWKRZKHVKRXOG
UHMRLQKLVFRPSDQLRQZKRZDVDZDLWLQJKLPDW5RPH
+HVHWRXWDQGRQWKH6DWXUGD\HYHQLQJUHDFKHGWKH(WHUQDO
&LW\E\WKHPDLOFRDFK$QDSDUWPHQWDVZHKDYHVDLGKDG
EHHQUHWDLQHGEHIRUHKDQGDQGWKXVKHKDGEXWWRJRWR
6LJQRU3DVWULQL
VKRWHO%XWWKLVZDVQRWVRHDV\DPDWWHU
IRUWKHVWUHHWVZHUHWKURQJHGZLWKSHRSOHDQG5RPHZDV
DOUHDG\DSUH\WRWKDWORZDQGIHYHULVKPXUPXUZKLFK
SUHFHGHVDOOJUHDWHYHQWVDQGDW5RPHWKHUHDUHIRXUJUHDW
HYHQWVLQHYHU\\HDUWKH&DUQLYDO+RO\:HHN&RUSXV
&KULVWLDQGWKH)HDVWRI6W3HWHU$OOWKHUHVWRIWKH
\HDUWKHFLW\LVLQWKDWVWDWHRIGXOODSDWK\EHWZHHQOLIH
DQGGHDWKZKLFKUHQGHUVLWVLPLODUWRDNLQGRIVWDWLRQ
EHWZHHQWKLVZRUOGDQGWKHQH[WDVXEOLPHVSRWD
UHVWLQJSODFHIXOORISRHWU\DQGFKDUDFWHUDQGDWZKLFK
)UDQ]KDGDOUHDG\KDOWHGILYHRUVL[WLPHVDQGDWHDFKWLPH
IRXQGLWPRUHPDUYHOORXVDQGVWULNLQJ$WODVWKHPDGHKLV
ZD\WKURXJKWKHPREZKLFKZDVFRQWLQXDOO\LQFUHDVLQJDQG
JHWWLQJPRUHDQGPRUHWXUEXOHQWDQGUHDFKHGWKHKRWHO2Q
KLVILUVWLQTXLU\KHZDVWROGZLWKWKHLPSHUWLQHQFH
SHFXOLDUWRKLUHGKDFNQH\FRDFKPHQDQGLQQNHHSHUVZLWK

365

WKHLUKRXVHVIXOOWKDWWKHUHZDVQRURRPIRUKLPDWWKH
+RWHOGH/RQGUHV7KHQKHVHQWKLVFDUGWR6LJQRU3DVWULQL
DQGDVNHGIRU$OEHUWGH0RUFHUI7KLVSODQVXFFHHGHGDQG
6LJQRU3DVWULQLKLPVHOIUDQWRKLPH[FXVLQJKLPVHOIIRU
KDYLQJPDGHKLVH[FHOOHQF\ZDLWVFROGLQJWKHZDLWHUV
WDNLQJWKHFDQGOHVWLFNIURPWKHSRUWHUZKRZDVUHDG\WR
SRXQFHRQWKHWUDYHOOHUDQGZDVDERXWWROHDGKLPWR$OEHUW
ZKHQ0RUFHUIKLPVHOIDSSHDUHG
7KHDSDUWPHQWFRQVLVWHGRIWZRVPDOOURRPVDQGDSDUORU7KH
WZRURRPVORRNHGRQWRWKHVWUHHWDIDFWZKLFK6LJQRU
3DVWULQLFRPPHQWHGXSRQDVDQLQDSSUHFLDEOHDGYDQWDJH7KH
UHVWRIWKHIORRUZDVKLUHGE\DYHU\ULFKJHQWOHPDQZKRZDV
VXSSRVHGWREHD6LFLOLDQRU0DOWHVHEXWWKHKRVWZDV
XQDEOHWRGHFLGHWRZKLFKRIWKHWZRQDWLRQVWKHWUDYHOOHU
EHORQJHG9HU\JRRGVLJQRU3DVWULQLVDLG)UDQ]EXWZH
PXVWKDYHVRPHVXSSHULQVWDQWO\DQGDFDUULDJHIRUWRPRUURZ
DQGWKHIROORZLQJGD\V
$VWRVXSSHUUHSOLHGWKHODQGORUG\RXVKDOOEHVHUYHG
LPPHGLDWHO\EXWDVIRUWKHFDUULDJH
:KDWDVWRWKHFDUULDJH"H[FODLPHG$OEHUW&RPHFRPH
6LJQRU3DVWULQLQRMRNLQJZHPXVWKDYHDFDUULDJH
6LUUHSOLHGWKHKRVWZHZLOOGRDOOLQRXUSRZHUWR
SURFXUH\RXRQHWKLVLVDOO,FDQVD\
$QGZKHQVKDOOZHNQRZ"LQTXLUHG)UDQ]
7RPRUURZPRUQLQJDQVZHUHGWKHLQQNHHSHU
2KWKHGHXFHWKHQZHVKDOOSD\WKHPRUHWKDW
VDOO,
VHHSODLQO\HQRXJK$W'UDNH
VRU$DURQ
VRQHSD\V
WZHQW\ILYHOLUHIRUFRPPRQGD\VDQGWKLUW\RUWKLUW\ILYH
OLUHDGD\PRUHIRU6XQGD\VDQGIHDVWGD\VDGGILYHOLUHD
GD\PRUHIRUH[WUDVWKDWZLOOPDNHIRUW\DQGWKHUH
VDQ
HQGRILW
,DPDIUDLGLIZHRIIHUWKHPGRXEOHWKDWZHVKDOOQRW
SURFXUHDFDUULDJH
7KHQWKH\PXVWSXWKRUVHVWRPLQH,WLVDOLWWOHZRUVHIRU
WKHMRXUQH\EXWWKDW
VQRPDWWHU

366

7KHUHDUHQRKRUVHV$OEHUWORRNHGDW)UDQ]OLNHDPDQZKR
KHDUVDUHSO\KHGRHVQRWXQGHUVWDQG
'R\RXXQGHUVWDQGWKDWP\GHDU)UDQ]QRKRUVHV"KH
VDLGEXWFDQ
WZHKDYHSRVWKRUVHV"
7KH\KDYHEHHQDOOKLUHGWKLVIRUWQLJKWDQGWKHUHDUHQRQH
OHIWEXWWKRVHDEVROXWHO\UHTXLVLWHIRUSRVWLQJ
:KDWDUHZHWRVD\WRWKLV"DVNHG)UDQ]
,VD\WKDWZKHQDWKLQJFRPSOHWHO\VXUSDVVHVP\
FRPSUHKHQVLRQ,DPDFFXVWRPHGQRWWRGZHOORQWKDWWKLQJ
EXWWRSDVVWRDQRWKHU,VVXSSHUUHDG\6LJQRU3DVWULQL"
<HV\RXUH[FHOOHQF\
:HOOWKHQOHWXVVXS
%XWWKHFDUULDJHDQGKRUVHV"VDLG)UDQ]
%HHDV\P\GHDUER\WKH\ZLOOFRPHLQGXHVHDVRQLWLV
RQO\DTXHVWLRQRIKRZPXFKVKDOOEHFKDUJHGIRUWKHP
0RUFHUIWKHQZLWKWKDWGHOLJKWHGSKLORVRSK\ZKLFKEHOLHYHV
WKDWQRWKLQJLVLPSRVVLEOHWRDIXOOSXUVHRUZHOOOLQHG
SRFNHWERRNVXSSHGZHQWWREHGVOHSWVRXQGO\DQGGUHDPHG
KHZDVUDFLQJDOORYHU5RPHDW&DUQLYDOWLPHLQDFRDFKZLWK
VL[KRUVHV

&KDSWHU
5RPDQ%DQGLWV
7KHQH[WPRUQLQJ)UDQ]ZRNHILUVWDQGLQVWDQWO\UDQJWKH
EHOO7KHVRXQGKDGQRW\HWGLHGDZD\ZKHQ6LJQRU3DVWULQL
KLPVHOIHQWHUHG
:HOOH[FHOOHQF\VDLGWKHODQGORUGWULXPSKDQWO\DQG
ZLWKRXWZDLWLQJIRU)UDQ]WRTXHVWLRQKLP,IHDUHG
\HVWHUGD\ZKHQ,ZRXOGQRWSURPLVH\RXDQ\WKLQJWKDW\RX
ZHUHWRRODWHWKHUHLVQRWDVLQJOHFDUULDJHWREHKDG
WKDWLVIRUWKHODVWWKUHHGD\VRIWKHFDUQLYDO

367

<HVUHWXUQHG)UDQ]IRUWKHYHU\WKUHHGD\VLWLVPRVW
QHHGHG
:KDWLVWKHPDWWHU"VDLG$OEHUWHQWHULQJQRFDUULDJHWR
EHKDG"
-XVWVRUHWXUQHG)UDQ]\RXKDYHJXHVVHGLW
:HOO\RXU(WHUQDO&LW\LVDQLFHVRUWRISODFH
7KDWLVWRVD\H[FHOOHQF\UHSOLHG3DVWULQLZKRZDV
GHVLURXVRINHHSLQJXSWKHGLJQLW\RIWKHFDSLWDORIWKH
&KULVWLDQZRUOGLQWKHH\HVRIKLVJXHVWWKDWWKHUHDUHQR
FDUULDJHVWREHKDGIURP6XQGD\WR7XHVGD\HYHQLQJEXWIURP
QRZWLOO6XQGD\\RXFDQKDYHILIW\LI\RXSOHDVH
$KWKDWLVVRPHWKLQJVDLG$OEHUWWRGD\LV7KXUVGD\
DQGZKRNQRZVZKDWPD\DUULYHEHWZHHQWKLVDQG6XQGD\"
7HQRUWZHOYHWKRXVDQGWUDYHOOHUVZLOODUULYHUHSOLHG
)UDQ]ZKLFKZLOOPDNHLWVWLOOPRUHGLIILFXOW
0\IULHQGVDLG0RUFHUIOHWXVHQMR\WKHSUHVHQWZLWKRXW
JORRP\IRUHERGLQJVIRUWKHIXWXUH
$WOHDVWZHFDQKDYHDZLQGRZ"
:KHUH"
,QWKH&RUVR
$KDZLQGRZH[FODLPHG6LJQRU3DVWULQLXWWHUO\
LPSRVVLEOHWKHUHZDVRQO\RQHOHIWRQWKHILIWKIORRURI
WKH'RULD3DODFHDQGWKDWKDVEHHQOHWWRD5XVVLDQSULQFH
IRUWZHQW\VHTXLQVDGD\
7KHWZR\RXQJPHQORRNHGDWHDFKRWKHUZLWKDQDLURI
VWXSHIDFWLRQ
:HOOVDLG)UDQ]WR$OEHUWGR\RXNQRZZKDWLVWKHEHVW
WKLQJZHFDQGR",WLVWRSDVVWKH&DUQLYDODW9HQLFHWKHUH
ZHDUHVXUHRIREWDLQLQJJRQGRODVLIZHFDQQRWKDYH
FDUULDJHV

368

$KWKHGHYLOQRFULHG$OEHUW,FDPHWR5RPHWRVHH
WKH&DUQLYDODQG,ZLOOWKRXJK,VHHLWRQVWLOWV
%UDYRDQH[FHOOHQWLGHD:HZLOOGLVJXLVHRXUVHOYHVDV
PRQVWHUSXOFKLQHOORVRUVKHSKHUGVRIWKH/DQGHVDQGZH
VKDOOKDYHFRPSOHWHVXFFHVV
'R\RXUH[FHOOHQFLHVVWLOOZLVKIRUDFDUULDJHIURPQRZWR
6XQGD\PRUQLQJ"
3DUEOHXVDLG$OEHUWGR\RXWKLQNZHDUHJRLQJWRUXQ
DERXWRQIRRWLQWKHVWUHHWVRI5RPHOLNHODZ\HU
VFOHUNV"
,KDVWHQWRFRPSO\ZLWK\RXUH[FHOOHQFLHV
ZLVKHVRQO\,
WHOO\RXEHIRUHKDQGWKHFDUULDJHZLOOFRVW\RXVL[SLDVWUHV
DGD\
$QGDV,DPQRWDPLOOLRQDLUHOLNHWKHJHQWOHPDQLQWKH
QH[WDSDUWPHQWVVDLG)UDQ],ZDUQ\RXWKDWDV,KDYH
EHHQIRXUWLPHVEHIRUHDW5RPH,NQRZWKHSULFHVRIDOOWKH
FDUULDJHVZHZLOOJLYH\RXWZHOYHSLDVWUHVIRUWRGD\
WRPRUURZDQGWKHGD\DIWHUDQGWKHQ\RXZLOOPDNHDJRRG
SURILW
%XWH[FHOOHQF\VDLG3DVWULQLVWLOOVWULYLQJWRJDLQ
KLVSRLQW
1RZJRUHWXUQHG)UDQ]RU,VKDOOJRP\VHOIDQGEDUJDLQ
ZLWK\RXUDIIHWWDWRUHZKRLVPLQHDOVRKHLVDQROGIULHQG
RIPLQHZKRKDVSOXQGHUHGPHSUHWW\ZHOODOUHDG\DQGLQ
WKHKRSHRIPDNLQJPRUHRXWRIPHKHZLOOWDNHDOHVVSULFH
WKDQWKHRQH,RIIHU\RX\RXZLOOORVHWKHSUHIHUHQFHDQG
WKDWZLOOEH\RXUIDXOW
'RQRWJLYH\RXUVHOYHVWKHWURXEOHH[FHOOHQF\UHWXUQHG
6LJQRU3DVWULQLZLWKWKHVPLOHSHFXOLDUWRWKH,WDOLDQ
VSHFXODWRUZKHQKHFRQIHVVHVGHIHDW,ZLOOGRDOO,FDQ
DQG,KRSH\RXZLOOEHVDWLVILHG
$QGQRZZHXQGHUVWDQGHDFKRWKHU
:KHQGR\RXZLVKWKHFDUULDJHWREHKHUH"

369

,QDQKRXU
,QDQKRXULWZLOOEHDWWKHGRRU
$QKRXUDIWHUWKHYHKLFOHZDVDWWKHGRRULWZDVDKDFN
FRQYH\DQFHZKLFKZDVHOHYDWHGWRWKHUDQNRIDSULYDWH
FDUULDJHLQKRQRURIWKHRFFDVLRQEXWLQVSLWHRILWV
KXPEOHH[WHULRUWKH\RXQJPHQZRXOGKDYHWKRXJKWWKHPVHOYHV
KDSS\WRKDYHVHFXUHGLWIRUWKHODVWWKUHHGD\VRIWKH
&DUQLYDO([FHOOHQF\FULHGWKHFLFHURQHVHHLQJ)UDQ]
DSSURDFKWKHZLQGRZVKDOO,EULQJWKHFDUULDJHQHDUHUWR
WKHSDODFH"
$FFXVWRPHGDV)UDQ]ZDVWRWKH,WDOLDQSKUDVHRORJ\KLV
ILUVWLPSXOVHZDVWRORRNURXQGKLPEXWWKHVHZRUGVZHUH
DGGUHVVHGWRKLP)UDQ]ZDVWKHH[FHOOHQF\WKHYHKLFOH
ZDVWKHFDUULDJHDQGWKH+RWHOGH/RQGUHVZDVWKH
SDODFH7KHJHQLXVIRUODXGDWLRQFKDUDFWHULVWLFRIWKH
UDFHZDVLQWKDWSKUDVH
)UDQ]DQG$OEHUWGHVFHQGHGWKHFDUULDJHDSSURDFKHGWKH
SDODFHWKHLUH[FHOOHQFLHVVWUHWFKHGWKHLUOHJVDORQJWKH
VHDWVWKHFLFHURQHVSUDQJLQWRWKHVHDWEHKLQG:KHUHGR
\RXUH[FHOOHQFLFVZLVKWRJR"DVNHGKH
7R6DLQW3HWHU
VILUVWDQGWKHQWRWKH&RORVVHXP
UHWXUQHG$OEHUW%XW$OEHUWGLGQRWNQRZWKDWLWWDNHVDGD\
WRVHH6DLQW3HWHU
VDQGDPRQWKWRVWXG\LW7KHGD\ZDV
SDVVHGDW6DLQW3HWHU
VDORQH6XGGHQO\WKHGD\OLJKWEHJDQ
WRIDGHDZD\)UDQ]WRRNRXWKLVZDWFKLWZDVKDOISDVW
IRXU7KH\UHWXUQHGWRWKHKRWHODWWKHGRRU)UDQ]RUGHUHG
WKHFRDFKPDQWREHUHDG\DWHLJKW+HZLVKHGWRVKRZ$OEHUW
WKH&RORVVHXPE\PRRQOLJKWDVKHKDGVKRZQKLP6DLQW
3HWHU
VE\GD\OLJKW:KHQZHVKRZDIULHQGDFLW\RQHKDV
DOUHDG\YLVLWHGZHIHHOWKHVDPHSULGHDVZKHQZHSRLQWRXW
DZRPDQZKRVHORYHUZHKDYHEHHQ+HZDVWROHDYHWKHFLW\
E\WKH3RUWDGHO3RSRORVNLUWWKHRXWHUZDOODQGUHHQWHU
E\WKH3RUWD6DQ*LRYDQQLWKXVWKH\ZRXOGEHKROGWKH
&RORVVHXPZLWKRXWILQGLQJWKHLULPSUHVVLRQVGXOOHGE\ILUVW
ORRNLQJRQWKH&DSLWROWKH)RUXPWKH$UFKRI6HSWLPXV
6HYHUXVWKH7HPSOHRI$QWRQLQXVDQG)DXVWLQDDQGWKH9LD
6DFUD7KH\VDWGRZQWRGLQQHU6LJQRU3DVWULQLKDGSURPLVHG
WKHPDEDQTXHWKHJDYHWKHPDWROHUDEOHUHSDVW$WWKHHQG
RIWKHGLQQHUKHHQWHUHGLQSHUVRQ)UDQ]WKRXJKWWKDWKH

370

FDPHWRKHDUKLVGLQQHUSUDLVHGDQGEHJDQDFFRUGLQJO\EXW
DWWKHILUVWZRUGVKHZDVLQWHUUXSWHG([FHOOHQF\VDLG
3DVWULQL,DPGHOLJKWHGWRKDYH\RXUDSSUREDWLRQEXWLW
ZDVQRWIRUWKDW,FDPH
'LG\RXFRPHWRWHOOXV\RXKDYHSURFXUHGDFDUULDJH"
DVNHG$OEHUWOLJKWLQJKLVFLJDU
1RDQG\RXUH[FHOOHQFLHVZLOOGRZHOOQRWWRWKLQNRIWKDW
DQ\ORQJHUDW5RPHWKLQJVFDQRUFDQQRWEHGRQHZKHQ\RX
DUHWROGDQ\WKLQJFDQQRWKHGRQHWKHUHLVDQHQGRILW
,WLVPXFKPRUHFRQYHQLHQWDW3DULVZKHQDQ\WKLQJ
FDQQRWEHGRQH\RXSD\GRXEOHDQGLWLVGRQHGLUHFWO\
7KDWLVZKDWDOOWKH)UHQFKVD\UHWXUQHG6LJQRU3DVWULQL
VRPHZKDWSLTXHGIRUWKDWUHDVRQ,GRQRWXQGHUVWDQGZK\
WKH\WUDYHO
%XWVDLG$OEHUWHPLWWLQJDYROXPHRIVPRNHDQGEDODQFLQJ
KLVFKDLURQLWVKLQGOHJVRQO\PDGPHQRUEORFNKHDGVOLNH
XVHYHUGRWUDYHO0HQLQWKHLUVHQVHVGRQRWTXLWWKHLU
KRWHOLQWKH5XHGX+HOGHUWKHLUZDONRQWKH%RXOHYDUGGH
*DQGDQGWKH&DIHGH3DULV,WLVRIFRXUVHXQGHUVWRRG
WKDW$OEHUWUHVLGHGLQWKHDIRUHVDLGVWUHHWDSSHDUHGHYHU\
GD\RQWKHIDVKLRQDEOHZDONDQGGLQHGIUHTXHQWO\DWWKH
RQO\UHVWDXUDQWZKHUH\RXFDQUHDOO\GLQHWKDWLVLI\RX
DUHRQJRRGWHUPVZLWKLWVIUHTXHQWHUV6LJQRU3DVWULQL
UHPDLQHGVLOHQWDVKRUWWLPHLWZDVHYLGHQWWKDWKHZDV
PXVLQJRYHUWKLVDQVZHUZKLFKGLGQRWVHHPYHU\FOHDU
%XWVDLG)UDQ]LQKLVWXUQLQWHUUXSWLQJKLVKRVW
V
PHGLWDWLRQV\RXKDGVRPHPRWLYHIRUFRPLQJKHUHPD\,EHJ
WRNQRZZKDWLWZDV"
$K\HV\RXKDYHRUGHUHG\RXUFDUULDJHDWHLJKWR
FORFN
SUHFLVHO\"
,KDYH
<RXLQWHQGYLVLWLQJ,O&RORVVHR
<RXPHDQWKH&RORVVHXP"
,WLVWKHVDPHWKLQJ<RXKDYHWROG\RXUFRDFKPDQWROHDYH

371

WKHFLW\E\WKH3RUWDGHO3RSRORWRGULYHURXQGWKHZDOOV
DQGUHHQWHUE\WKH3RUWD6DQ*LRYDQQL"
7KHVHDUHP\ZRUGVH[DFWO\
:HOOWKLVURXWHLVLPSRVVLEOH
,PSRVVLEOH
9HU\GDQJHURXVWRVD\WKHOHDVW
'DQJHURXVDQGZK\"
2QDFFRXQWRIWKHIDPRXV/XLJL9DPSD
3UD\ZKRPD\WKLVIDPRXV/XLJL9DPSDEH"LQTXLUHG$OEHUW
KHPD\EHYHU\IDPRXVDW5RPHEXW,FDQDVVXUH\RXKHLV
TXLWHXQNQRZQDW3DULV
:KDWGR\RXQRWNQRZKLP"
,KDYHQRWWKDWKRQRU
<RXKDYHQHYHUKHDUGKLVQDPH"
1HYHU
:HOOWKHQKHLVDEDQGLWFRPSDUHGWRZKRPWKH'HFHVDULV
DQGWKH*DVSDURQHVZHUHPHUHFKLOGUHQ
1RZWKHQ$OEHUWFULHG)UDQ]KHUHLVDEDQGLWIRU\RX
DWODVW
,IRUHZDUQ\RX6LJQRU3DVWULQLWKDW,VKDOOQRWEHOLHYH
RQHZRUGRIZKDW\RXDUHJRLQJWRWHOOXVKDYLQJWROG\RX
WKLVEHJLQ
2QFHXSRQDWLPH
:HOOJRRQ6LJQRU3DVWULQLWXUQHGWRZDUG)UDQ]ZKR
VHHPHGWRKLPWKHPRUHUHDVRQDEOHRIWKHWZRZHPXVWGRKLP
MXVWLFHKHKDGKDGDJUHDWPDQ\)UHQFKPHQLQKLVKRXVH
EXWKDGQHYHUEHHQDEOHWRFRPSUHKHQGWKHP([FHOOHQF\
VDLGKHJUDYHO\DGGUHVVLQJ)UDQ]LI\RXORRNXSRQPHDVD

372

OLDULWLVXVHOHVVIRUPHWRVD\DQ\WKLQJLWZDVIRU\RXU
LQWHUHVW,
$OEHUWGRHVQRWVD\\RXDUHDOLDU6LJQRU3DVWULQLVDLG
)UDQ]EXWWKDWKHZLOOQRWEHOLHYHZKDW\RXDUHJRLQJWR
WHOOXVEXW,ZLOOEHOLHYHDOO\RXVD\VRSURFHHG
%XWLI\RXUH[FHOOHQF\GRXEWP\YHUDFLW\
6LJQRU3DVWULQLUHWXUQHG)UDQ]\RXDUHPRUHVXVFHSWLEOH
WKDQ&DVVDQGUDZKRZDVDSURSKHWHVVDQG\HWQRRQH
EHOLHYHGKHUZKLOH\RXDWOHDVWDUHVXUHRIWKHFUHGHQFH
RIKDOI\RXUDXGLHQFH&RPHVLWGRZQDQGWHOOXVDOODERXW
WKLV6LJQRU9DPSD
,KDGWROG\RXUH[FHOOHQF\KHLVWKHPRVWIDPRXVEDQGLWZH
KDYHKDGVLQFHWKHGD\VRI0DVWULOOD
:HOOZKDWKDVWKLVEDQGLWWRGRZLWKWKHRUGHU,KDYH
JLYHQWKHFRDFKPDQWROHDYHWKHFLW\E\WKH3RUWDGHO
3RSRORDQGWRUHHQWHUE\WKH3RUWD6DQ*LRYDQQL"
7KLVUHSOLHG6LJQRU3DVWULQLWKDW\RXZLOOJRRXWE\
RQHEXW,YHU\PXFKGRXEW\RXUUHWXUQLQJE\WKHRWKHU
:K\"DVNHG)UDQ]
%HFDXVHDIWHUQLJKWIDOO\RXDUHQRWVDIHILIW\\DUGVIURP
WKHJDWHV
2Q\RXUKRQRULVWKDWWUXH"FULHG$OEHUW
&RXQWUHWXUQHG6LJQRU3DVWULQLKXUWDW$OEHUW
VUHSHDWHG
GRXEWVRIWKHWUXWKRIKLVDVVHUWLRQV,GRQRWVD\WKLVWR
\RXEXWWR\RXUFRPSDQLRQZKRNQRZV5RPHDQGNQRZVWRR
WKDWWKHVHWKLQJVDUHQRWWREHODXJKHGDW
0\GHDUIHOORZVDLG$OEHUWWXUQLQJWR)UDQ]KHUHLVDQ
DGPLUDEOHDGYHQWXUHZHZLOOILOORXUFDUULDJHZLWKSLVWROV
EOXQGHUEXVVHVDQGGRXEOHEDUUHOOHGJXQV/XLJL9DPSDFRPHV
WRWDNHXVDQGZHWDNHKLPZHEULQJKLPEDFNWR5RPH
DQGSUHVHQWKLPWRKLVKROLQHVVWKH3RSHZKRDVNVKRZKH
FDQUHSD\VRJUHDWDVHUYLFHWKHQZHPHUHO\DVNIRUD
FDUULDJHDQGDSDLURIKRUVHVDQGZHVHHWKH&DUQLYDOLQ

373

WKHFDUULDJHDQGGRXEWOHVVWKH5RPDQSHRSOHZLOOFURZQXV
DWWKH&DSLWRODQGSURFODLPXVOLNH&XUWLXVDQGWKHYHLOHG
+RUDWLXVWKHSUHVHUYHUVRIWKHLUFRXQWU\:KLOVW$OEHUW
SURSRVHGWKLVVFKHPH6LJQRU3DVWULQL
VIDFHDVVXPHGDQ
H[SUHVVLRQLPSRVVLEOHWRGHVFULEH
$QGSUD\DVNHG)UDQ]ZKHUHDUHWKHVHSLVWROV
EOXQGHUEXVVHVDQGRWKHUGHDGO\ZHDSRQVZLWKZKLFK\RX
LQWHQGILOOLQJWKHFDUULDJH"
1RWRXWRIP\DUPRU\IRUDW7HUUDFLQD,ZDVSOXQGHUHGHYHQ
RIP\KXQWLQJNQLIH
,VKDUHGWKHVDPHIDWHDW$TXDSHQGHQWH
'R\RXNQRZ6LJQRU3DVWULQLVDLG$OEHUWOLJKWLQJD
VHFRQGFLJDUDWWKHILUVWWKDWWKLVSUDFWLFHLVYHU\
FRQYHQLHQWIRUEDQGLWVDQGWKDWLWVHHPVWREHGXHWRDQ
DUUDQJHPHQWRIWKHLURZQ'RXEWOHVV6LJQRU3DVWULQLIRXQG
WKLVSOHDVDQWU\FRPSURPLVLQJIRUKHRQO\DQVZHUHGKDOIWKH
TXHVWLRQDQGWKHQKHVSRNHWR)UDQ]DVWKHRQO\RQHOLNHO\
WROLVWHQZLWKDWWHQWLRQ<RXUH[FHOOHQF\NQRZVWKDWLWLV
QRWFXVWRPDU\WRGHIHQG\RXUVHOIZKHQDWWDFNHGE\EDQGLWV
:KDWFULHG$OEHUWZKRVHFRXUDJHUHYROWHGDWWKHLGHDRI
EHLQJSOXQGHUHGWDPHO\QRWPDNHDQ\UHVLVWDQFH
1RIRULWZRXOGEHXVHOHVV:KDWFRXOG\RXGRDJDLQVWD
GR]HQEDQGLWVZKRVSULQJRXWRIVRPHSLWUXLQRUDTXHGXFW
DQGOHYHOWKHLUSLHFHVDW\RX"
(KSDUEOHXWKH\VKRXOGNLOOPH
7KHLQQNHHSHUWXUQHGWR)UDQ]ZLWKDQDLUWKDWVHHPHGWR
VD\<RXUIULHQGLVGHFLGHGO\PDG
0\GHDU$OEHUWUHWXUQHG)UDQ]\RXUDQVZHULVVXEOLPH
DQGZRUWK\WKHC/HWKLPGLH
RI&RUQHLOOHRQO\ZKHQ
+RUDFHPDGHWKDWDQVZHUWKHVDIHW\RI5RPHZDVFRQFHUQHG
EXWDVIRUXVLWLVRQO\WRJUDWLI\DZKLPDQGLWZRXOG
EHULGLFXORXVWRULVNRXUOLYHVIRUVRIRROLVKDPRWLYH
$OEHUWSRXUHGKLPVHOIRXWDJODVVRIODFU\PD&KULVWLZKLFK
KHVLSSHGDWLQWHUYDOVPXWWHULQJVRPHXQLQWHOOLJLEOHZRUGV

374

:HOO6LJQRU3DVWULQLVDLG)UDQ]QRZWKDWP\FRPSDQLRQ
LVTXLHWHGDQG\RXKDYHVHHQKRZSHDFHIXOP\LQWHQWLRQV
DUHWHOOPHZKRLVWKLV/XLJL9DPSD,VKHDVKHSKHUGRUD
QREOHPDQ"\RXQJRUROG"WDOORUVKRUW"'HVFULEHKLP
LQRUGHUWKDWLIZHPHHWKLPE\FKDQFHOLNH%XJDERR-RKQ
RU/DUDZHPD\UHFRJQL]HKLP
<RXFRXOGQRWDSSO\WRDQ\RQHEHWWHUDEOHWRLQIRUP\RXRQ
DOOWKHVHSRLQWVIRU,NQHZKLPZKHQKHZDVDFKLOGDQG
RQHGD\WKDW,IHOOLQWRKLVKDQGVJRLQJIURP)HUHQWLQRWR
$ODWULKHIRUWXQDWHO\IRUPHUHFROOHFWHGPHDQGVHWPH
IUHHQRWRQO\ZLWKRXWUDQVRPEXWPDGHPHDSUHVHQWRID
YHU\VSOHQGLGZDWFKDQGUHODWHGKLVKLVWRU\WRPH
/HWXVVHHWKHZDWFKVDLG$OEHUW
6LJQRU3DVWULQLGUHZIURPKLVIREDPDJQLILFHQW%UHJXHW
EHDULQJWKHQDPHRILWVPDNHURI3DULVLDQPDQXIDFWXUHDQG
DFRXQW
VFRURQHW
+HUHLWLVVDLGKH
3HVWHUHWXUQHG$OEHUW,FRPSOLPHQW\RXRQLW,KDYH
LWVIHOORZKHWRRNKLVZDWFKIURPKLVZDLVWFRDWSRFNHW
DQGLWFRVWPHIUDQFV
/HWXVKHDUWKHKLVWRU\VDLG)UDQ]PRWLRQLQJ6LJQRU
3DVWULQLWRVHDWKLPVHOI
<RXUH[FHOOHQFLHVSHUPLWLW"DVNHGWKHKRVW
3DUGLHXFULHG$OEHUW\RXDUHQRWDSUHDFKHUWRUHPDLQ
VWDQGLQJ
7KHKRVWVDWGRZQDIWHUKDYLQJPDGHHDFKRIWKHPD
UHVSHFWIXOERZZKLFKPHDQWWKDWKHZDVUHDG\WRWHOOWKHP
DOOWKH\ZLVKHGWRNQRZFRQFHUQLQJ/XLJL9DPSD<RXWHOO
PHVDLG)UDQ]DWWKHPRPHQW6LJQRU3DVWULQLZDVDERXWWR
RSHQKLVPRXWKWKDW\RXNQHZ/XLJL9DPSDZKHQKHZDVD
FKLOGKHLVVWLOOD\RXQJPDQWKHQ"
$\RXQJPDQ"KHLVRQO\WZRDQGWZHQW\KHZLOOJDLQ
KLPVHOIDUHSXWDWLRQ

375

:KDWGR\RXWKLQNRIWKDW$OEHUW"DWWZRDQGWZHQW\WR
EHWKXVIDPRXV"
<HVDQGDWKLVDJH$OH[DQGHU&DHVDUDQG1DSROHRQZKR
KDYHDOOPDGHVRPHQRLVHLQWKHZRUOGZHUHTXLWHEHKLQG
KLP
6RFRQWLQXHG)UDQ]WKHKHURRIWKLVKLVWRU\LVRQO\WZR
DQGWZHQW\"
6FDUFHO\VRPXFK
,VKHWDOORUVKRUW"
2IWKHPLGGOHKHLJKWDERXWWKHVDPHVWDWXUHDVKLV
H[FHOOHQF\UHWXUQHGWKHKRVWSRLQWLQJWR$OEHUW
7KDQNVIRUWKHFRPSDULVRQVDLG$OEHUWZLWKDERZ
*RRQ6LJQRU3DVWULQLFRQWLQXHG)UDQ]VPLOLQJDWKLV
IULHQG
VVXVFHSWLELOLW\7RZKDWFODVVRIVRFLHW\GRHVKH
EHORQJ"
+HZDVDVKHSKHUGER\DWWDFKHGWRWKHIDUPRIWKH&RXQWRI
6DQ)HOLFHVLWXDWHGEHWZHHQ3DOHVWULQDDQGWKHODNHRI
*DEULKHZDVERUQDW3DPSLQDUDDQGHQWHUHGWKHFRXQW
V
VHUYLFHZKHQKHZDVILYH\HDUVROGKLVIDWKHUZDVDOVRD
VKHSKHUGZKRRZQHGDVPDOOIORFNDQGOLYHGE\WKHZRRODQG
WKHPLONZKLFKKHVROGDW5RPH:KHQTXLWHDFKLOGWKH
OLWWOH9DPSDGLVSOD\HGDPRVWH[WUDRUGLQDU\SUHFRFLW\2QH
GD\ZKHQKHZDVVHYHQ\HDUVROGKHFDPHWRWKHFXUDWHRI
3DOHVWULQDDQGDVNHGWREHWDXJKWWRUHDGLWZDVVRPHZKDW
GLIILFXOWIRUKHFRXOGQRWTXLWKLVIORFNEXWWKHJRRG
FXUDWHZHQWHYHU\GD\WRVD\PDVVDWDOLWWOHKDPOHWWRR
SRRUWRSD\DSULHVWDQGZKLFKKDYLQJQRRWKHUQDPHZDV
FDOOHG%RUJRKHWROG/XLJLWKDWKHPLJKWPHHWKLPRQKLV
UHWXUQDQGWKDWWKHQKHZRXOGJLYHKLPDOHVVRQZDUQLQJ
KLPWKDWLWZRXOGEHVKRUWDQGWKDWKHPXVWSURILWDVPXFK
DVSRVVLEOHE\LW7KHFKLOGDFFHSWHGMR\IXOO\(YHU\GD\
/XLJLOHGKLVIORFNWRJUD]HRQWKHURDGWKDWOHDGVIURP
3DOHVWULQDWR%RUJRHYHU\GD\DWQLQHR
FORFNLQWKH
PRUQLQJWKHSULHVWDQGWKHER\VDWGRZQRQDEDQNE\WKH
ZD\VLGHDQGWKHOLWWOHVKHSKHUGWRRNKLVOHVVRQRXWRIWKH
SULHVW
VEUHYLDU\$WWKHHQGRIWKUHHPRQWKVKHKDGOHDUQHG

376

WRUHDG7KLVZDVQRWHQRXJKKHPXVWQRZOHDUQWRZULWH
7KHSULHVWKDGDZULWLQJWHDFKHUDW5RPHPDNHWKUHH
DOSKDEHWVRQHODUJHRQHPLGGOLQJDQGRQHVPDOODQG
SRLQWHGRXWWRKLPWKDWE\WKHKHOSRIDVKDUSLQVWUXPHQWKH
FRXOGWUDFHWKHOHWWHUVRQDVODWHDQGWKXVOHDUQWRZULWH
7KHVDPHHYHQLQJZKHQWKHIORFNZDVVDIHDWWKHIDUPWKH
OLWWOH/XLJLKDVWHQHGWRWKHVPLWKDW3DOHVWULQDWRRND
ODUJHQDLOKHDWHGDQGVKDUSHQHGLWDQGIRUPHGDVRUWRI
VW\OXV7KHQH[WPRUQLQJKHJDWKHUHGDQDUPIXORISLHFHVRI
VODWHDQGEHJDQ$WWKHHQGRIWKUHHPRQWKVKHKDGOHDUQHG
WRZULWH7KHFXUDWHDVWRQLVKHGDWKLVTXLFNQHVVDQG
LQWHOOLJHQFHPDGHKLPDSUHVHQWRISHQVSDSHUDQGD
SHQNQLIH7KLVGHPDQGHGQHZHIIRUWEXWQRWKLQJFRPSDUHGWR
WKHILUVWDWWKHHQGRIDZHHNKHZURWHDVZHOOZLWKWKLV
SHQDVZLWKWKHVW\OXV7KHFXUDWHUHODWHGWKHLQFLGHQWWR
WKH&RXQWRI6DQ)HOLFHZKRVHQWIRUWKHOLWWOHVKHSKHUG
PDGHKLPUHDGDQGZULWHEHIRUHKLPRUGHUHGKLVDWWHQGDQWWR
OHWKLPHDWZLWKWKHGRPHVWLFVDQGWRJLYHKLPWZRSLDVWUHV
DPRQWK:LWKWKLV/XLJLSXUFKDVHGERRNVDQGSHQFLOV+H
DSSOLHGKLVLPLWDWLYHSRZHUVWRHYHU\WKLQJDQGOLNH
*LRWWRZKHQ\RXQJKHGUHZRQKLVVODWHVKHHSKRXVHVDQG
WUHHV7KHQZLWKKLVNQLIHKHEHJDQWRFDUYHDOOVRUWVRI
REMHFWVLQZRRGLWZDVWKXVWKDW3LQHOOLWKHIDPRXV
VFXOSWRUKDGFRPPHQFHG
$JLUORIVL[RUVHYHQWKDWLVDOLWWOH\RXQJHUWKDQ
9DPSDWHQGHGVKHHSRQDIDUPQHDU3DOHVWULQDVKHZDVDQ
RUSKDQERUQDW9DOPRQWRQHDQGZDVQDPHG7HUHVD7KHWZR
FKLOGUHQPHWVDWGRZQQHDUHDFKRWKHUOHWWKHLUIORFNV
PLQJOHWRJHWKHUSOD\HGODXJKHGDQGFRQYHUVHGWRJHWKHULQ
WKHHYHQLQJWKH\VHSDUDWHGWKH&RXQWRI6DQ)HOLFH
VIORFN
IURPWKRVHRI%DURQ&HUYHWULDQGWKHFKLOGUHQUHWXUQHGWR
WKHLUUHVSHFWLYHIDUPVSURPLVLQJWRPHHWWKHQH[WPRUQLQJ
7KHQH[WGD\WKH\NHSWWKHLUZRUGDQGWKXVWKH\JUHZXS
WRJHWKHU9DPSDZDVWZHOYHDQG7HUHVDHOHYHQ$QG\HWWKHLU
QDWXUDOGLVSRVLWLRQUHYHDOHGLWVHOI%HVLGHKLVWDVWHIRU
WKHILQHDUWVZKLFK/XLJLKDGFDUULHGDVIDUDVKHFRXOGLQ
KLVVROLWXGHKHZDVJLYHQWRDOWHUQDWLQJILWVRIVDGQHVV
DQGHQWKXVLDVPZDVRIWHQDQJU\DQGFDSULFLRXVDQGDOZD\V
VDUFDVWLF1RQHRIWKHODGVRI3DPSLQDUD3DOHVWULQDRU
9DOPRQWRQHKDGEHHQDEOHWRJDLQDQ\LQIOXHQFHRYHUKLPRU
HYHQWREHFRPHKLVFRPSDQLRQ+LVGLVSRVLWLRQ DOZD\V
LQFOLQHGWRH[DFWFRQFHVVLRQVUDWKHUWKDQWRPDNHWKHP NHSW
KLPDORRIIURPDOOIULHQGVKLSV7HUHVDDORQHUXOHGE\D

377

ORRNDZRUGDJHVWXUHWKLVLPSHWXRXVFKDUDFWHUZKLFK
\LHOGHGEHQHDWKWKHKDQGRIDZRPDQDQGZKLFKEHQHDWKWKH
KDQGRIDPDQPLJKWKDYHEURNHQEXWFRXOGQHYHUKDYHEHHQ
EHQGHG7HUHVDZDVOLYHO\DQGJD\EXWFRTXHWWLVKWRH[FHVV
7KHWZRSLDVWUHVWKDW/XLJLUHFHLYHGHYHU\PRQWKIURPWKH
&RXQWRI6DQ)HOLFH
VVWHZDUGDQGWKHSULFHRIDOOWKH
OLWWOHFDUYLQJVLQZRRGKHVROGDW5RPHZHUHH[SHQGHGLQ
HDUULQJVQHFNODFHVDQGJROGKDLUSLQV6RWKDWWKDQNVWR
KHUIULHQG
VJHQHURVLW\7HUHVDZDVWKHPRVWEHDXWLIXODQG
WKHEHVWDWWLUHGSHDVDQWQHDU5RPH7KHWZRFKLOGUHQJUHZXS
WRJHWKHUSDVVLQJDOOWKHLUWLPHZLWKHDFKRWKHUDQGJLYLQJ
WKHPVHOYHVXSWRWKHZLOGLGHDVRIWKHLUGLIIHUHQW
FKDUDFWHUV7KXVLQDOOWKHLUGUHDPVWKHLUZLVKHVDQG
WKHLUFRQYHUVDWLRQV9DPSDVDZKLPVHOIWKHFDSWDLQRID
YHVVHOJHQHUDORIDQDUP\RUJRYHUQRURIDSURYLQFH
7HUHVDVDZKHUVHOIULFKVXSHUEO\DWWLUHGDQGDWWHQGHGE\D
WUDLQRIOLYHULHGGRPHVWLFV7KHQZKHQWKH\KDGWKXVSDVVHG
WKHGD\LQEXLOGLQJFDVWOHVLQWKHDLUWKH\VHSDUDWHGWKHLU
IORFNVDQGGHVFHQGHGIURPWKHHOHYDWLRQRIWKHLUGUHDPVWR
WKHUHDOLW\RIWKHLUKXPEOHSRVLWLRQ
2QHGD\WKH\RXQJVKHSKHUGWROGWKHFRXQW
VVWHZDUGWKDWKH
KDGVHHQDZROIFRPHRXWRIWKH6DELQHPRXQWDLQVDQGSURZO
DURXQGKLVIORFN7KHVWHZDUGJDYHKLPDJXQWKLVZDVZKDW
9DPSDORQJHGIRU7KLVJXQKDGDQH[FHOOHQWEDUUHOPDGHDW
%UHVFKLDDQGFDUU\LQJDEDOOZLWKWKHSUHFLVLRQRIDQ
(QJOLVKULIOHEXWRQHGD\WKHFRXQWEURNHWKHVWRFNDQG
KDGWKHQFDVWWKHJXQDVLGH7KLVKRZHYHUZDVQRWKLQJWRD
VFXOSWRUOLNH9DPSDKHH[DPLQHGWKHEURNHQVWRFN
FDOFXODWHGZKDWFKDQJHLWZRXOGUHTXLUHWRDGDSWWKHJXQWR
KLVVKRXOGHUDQGPDGHDIUHVKVWRFNVREHDXWLIXOO\FDUYHG
WKDWLWZRXOGKDYHIHWFKHGILIWHHQRUWZHQW\SLDVWUHVKDG
KHFKRVHQWRVHOOLW%XWQRWKLQJFRXOGEHIDUWKHUIURPKLV
WKRXJKWV)RUDORQJWLPHDJXQKDGEHHQWKH\RXQJPDQ
V
JUHDWHVWDPELWLRQ,QHYHU\FRXQWU\ZKHUHLQGHSHQGHQFHKDV
WDNHQWKHSODFHRIOLEHUW\WKHILUVWGHVLUHRIDPDQO\
KHDUWLVWRSRVVHVVDZHDSRQZKLFKDWRQFHUHQGHUVKLP
FDSDEOHRIGHIHQFHRUDWWDFNDQGE\UHQGHULQJLWVRZQHU
WHUULEOHRIWHQPDNHVKLPIHDUHG)URPWKLVPRPHQW9DPSD
GHYRWHGDOOKLVOHLVXUHWLPHWRSHUIHFWLQJKLPVHOILQWKH
XVHRIKLVSUHFLRXVZHDSRQKHSXUFKDVHGSRZGHUDQGEDOO
DQGHYHU\WKLQJVHUYHGKLPIRUDPDUNWKHWUXQNRIVRPH
ROGDQGPRVVJURZQROLYHWUHHWKDWJUHZRQWKH6DELQH
PRXQWDLQVWKHIR[DVKHTXLWWHGKLVHDUWKRQVRPH

378

PDUDXGLQJH[FXUVLRQWKHHDJOHWKDWVRDUHGDERYHWKHLU
KHDGVDQGWKXVKHVRRQEHFDPHVRH[SHUWWKDW7HUHVD
RYHUFDPHWKHWHUURUVKHDWILUVWIHOWDWWKHUHSRUWDQG
DPXVHGKHUVHOIE\ZDWFKLQJKLPGLUHFWWKHEDOOZKHUHYHUKH
SOHDVHGZLWKDVPXFKDFFXUDF\DVLIKHSODFHGLWE\KDQG
2QHHYHQLQJDZROIHPHUJHGIURPDSLQHZRRGKHDUZKLFKWKH\
ZHUHXVXDOO\VWDWLRQHGEXWWKHZROIKDGVFDUFHO\DGYDQFHG
WHQ\DUGVHUHKHZDVGHDG3URXGRIWKLVH[SORLW9DPSDWRRN
WKHGHDGDQLPDORQKLVVKRXOGHUVDQGFDUULHGKLPWRWKH
IDUP7KHVHH[SORLWVKDGJDLQHG/XLJLFRQVLGHUDEOH
UHSXWDWLRQ7KHPDQRIVXSHULRUDELOLWLHVDOZD\VILQGV
DGPLUHUVJRZKHUHKHZLOO+HZDVVSRNHQRIDVWKHPRVW
DGURLWWKHVWURQJHVWDQGWKHPRVWFRXUDJHRXVFRQWDGLQRIRU
WHQOHDJXHVDURXQGDQGDOWKRXJK7HUHVDZDVXQLYHUVDOO\
DOORZHGWREHWKHPRVWEHDXWLIXOJLUORIWKH6DELQHVQRRQH
KDGHYHUVSRNHQWRKHURIORYHEHFDXVHLWZDVNQRZQWKDW
VKHZDVEHORYHGE\9DPSD$QG\HWWKHWZR\RXQJSHRSOHKDG
QHYHUGHFODUHGWKHLUDIIHFWLRQWKH\KDGJURZQWRJHWKHUOLNH
WZRWUHHVZKRVHURRWVDUHPLQJOHGZKRVHEUDQFKHV
LQWHUWZLQHGDQGZKRVHLQWHUPLQJOHGSHUIXPHULVHVWRWKH
KHDYHQV2QO\WKHLUZLVKWRVHHHDFKRWKHUKDGEHFRPHD
QHFHVVLW\DQGWKH\ZRXOGKDYHSUHIHUUHGGHDWKWRDGD\
V
VHSDUDWLRQ7HUHVDZDVVL[WHHQDQG9DPSDVHYHQWHHQ$ERXW
WKLVWLPHDEDQGRIEULJDQGVWKDWKDGHVWDEOLVKHGLWVHOILQ
WKH/HSLQLPRXQWDLQVEHJDQWREHPXFKVSRNHQRI7KH
EULJDQGVKDYHQHYHUEHHQUHDOO\H[WLUSDWHGIURPWKH
QHLJKERUKRRGRI5RPH6RPHWLPHVDFKLHILVZDQWHGEXWZKHQ
DFKLHISUHVHQWVKLPVHOIKHUDUHO\KDVWRZDLWORQJIRUD
EDQGRIIROORZHUV
7KHFHOHEUDWHG&XFXPHWWRSXUVXHGLQWKH$EUX]]RGULYHQ
RXWRIWKHNLQJGRPRI1DSOHVZKHUHKHKDGFDUULHGRQD
UHJXODUZDUKDGFURVVHGWKH*DULJOLDQROLNH0DQIUHGDQG
KDGWDNHQUHIXJHRQWKHEDQNVRIWKH$PDVLQHEHWZHHQ6RQQLQR
DQG-XSHUQR+HVWURYHWRFROOHFWDEDQGRIIROORZHUVDQG
IROORZHGWKHIRRWVWHSVRI'HFHVDULVDQG*DVSHURQHZKRPKH
KRSHGWRVXUSDVV0DQ\\RXQJPHQRI3DOHVWULQD)UDVFDWL
DQG3DPSLQDUDKDGGLVDSSHDUHG7KHLUGLVDSSHDUDQFHDWILUVW
FDXVHGPXFKGLVTXLHWXGHEXWLWZDVVRRQNQRZQWKDWWKH\KDG
MRLQHG&XFXPHWWR$IWHUVRPHWLPH&XFXPHWWREHFDPHWKH
REMHFWRIXQLYHUVDODWWHQWLRQWKHPRVWH[WUDRUGLQDU\WUDLWV
RIIHURFLRXVGDULQJDQGEUXWDOLW\ZHUHUHODWHGRIKLP2QH
GD\KHFDUULHGRIID\RXQJJLUOWKHGDXJKWHURIDVXUYH\RU

379

RI)URVLQRQH7KHEDQGLW
VODZVDUHSRVLWLYHD\RXQJJLUO
EHORQJVILUVWWRKLPZKRFDUULHVKHURIIWKHQWKHUHVWGUDZ
ORWVIRUKHUDQGVKHLVDEDQGRQHGWRWKHLUEUXWDOLW\XQWLO
GHDWKUHOLHYHVKHUVXIIHULQJV:KHQWKHLUSDUHQWVDUH
VXIILFLHQWO\ULFKWRSD\DUDQVRPDPHVVHQJHULVVHQWWR
QHJRWLDWHWKHSULVRQHULVKRVWDJHIRUWKHVHFXULW\RIWKH
PHVVHQJHUVKRXOGWKHUDQVRPEHUHIXVHGWKHSULVRQHULV
LUUHYRFDEO\ORVW7KH\RXQJJLUO
VORYHUZDVLQ&XFXPHWWR
V
WURRSKLVQDPHZDV&DUOLQL:KHQVKHUHFRJQL]HGKHUORYHU
WKHSRRUJLUOH[WHQGHGKHUDUPVWRKLPDQGEHOLHYHGKHUVHOI
VDIHEXW&DUOLQLIHOWKLVKHDUWVLQNIRUKHEXWWRRZHOO
NQHZWKHIDWHWKDWDZDLWHGKHU+RZHYHUDVKHZDVD
IDYRULWHZLWK&XFXPHWWRDVKHKDGIRUWKUHH\HDUV
IDLWKIXOO\VHUYHGKLPDQGDVKHKDGVDYHGKLVOLIHE\
VKRRWLQJDGUDJRRQZKRZDVDERXWWRFXWKLPGRZQKHKRSHG
WKHFKLHIZRXOGKDYHSLW\RQKLP+HWRRN&XFXPHWWRRQH
VLGHZKLOHWKH\RXQJJLUOVHDWHGDWWKHIRRWRIDKXJH
SLQHWKDWVWRRGLQWKHFHQWUHRIWKHIRUHVWPDGHDYHLORI
KHUSLFWXUHVTXHKHDGGUHVVWRKLGHKHUIDFHIURPWKH
ODVFLYLRXVJD]HRIWKHEDQGLWV7KHUHKHWROGWKHFKLHIDOO
KLVDIIHFWLRQIRUWKHSULVRQHUWKHLUSURPLVHVRIPXWXDO
ILGHOLW\DQGKRZHYHU\QLJKWVLQFHKHKDGEHHQQHDUWKH\
KDGPHWLQVRPHQHLJKERULQJUXLQV
,WVRKDSSHQHGWKDWQLJKWWKDW&XFXPHWWRKDGVHQW&DUOLQL
WRDYLOODJHVRWKDWKHKDGEHHQXQDEOHWRJRWRWKHSODFH
RIPHHWLQJ&XFXPHWWRKDGEHHQWKHUHKRZHYHUE\DFFLGHQW
DVKHVDLGDQGKDGFDUULHGWKHPDLGHQRII&DUOLQLEHVRXJKW
KLVFKLHIWRPDNHDQH[FHSWLRQLQ5LWD
VIDYRUDVKHU
IDWKHUZDVULFKDQGFRXOGSD\DODUJHUDQVRP&XFXPHWWR
VHHPHGWR\LHOGWRKLVIULHQG
VHQWUHDWLHVDQGEDGHKLP
ILQGDVKHSKHUGWRVHQGWR5LWD
VIDWKHUDW)URVLQRQH
&DUOLQLIOHZMR\IXOO\WR5LWDWHOOLQJKHUVKHZDVVDYHG
DQGELGGLQJKHUZULWHWRKHUIDWKHUWRLQIRUPKLPZKDWKDG
RFFXUUHGDQGWKDWKHUUDQVRPZDVIL[HGDWWKUHHKXQGUHG
SLDVWUHV7ZHOYHKRXUV
GHOD\ZDVDOOWKDWZDVJUDQWHG
WKDWLVXQWLOQLQHWKHQH[WPRUQLQJ7KHLQVWDQWWKHOHWWHU
ZDVZULWWHQ&DUOLQLVHL]HGLWDQGKDVWHQHGWRWKHSODLQWR
ILQGDPHVVHQJHU+HIRXQGD\RXQJVKHSKHUGZDWFKLQJKLV
IORFN7KHQDWXUDOPHVVHQJHUVRIWKHEDQGLWVDUHWKH
VKHSKHUGVZKROLYHEHWZHHQWKHFLW\DQGWKHPRXQWDLQV
EHWZHHQFLYLOL]HGDQGVDYDJHOLIH7KHER\XQGHUWRRNWKH
FRPPLVVLRQSURPLVLQJWREHLQ)URVLQRQHLQOHVVWKDQDQ
KRXU&DUOLQLUHWXUQHGDQ[LRXVWRVHHKLVPLVWUHVVDQG

380

DQQRXQFHWKHMR\IXOLQWHOOLJHQFH+HIRXQGWKHWURRSLQWKH
JODGHVXSSLQJRIIWKHSURYLVLRQVH[DFWHGDVFRQWULEXWLRQV
IURPWKHSHDVDQWVEXWKLVH\HYDLQO\VRXJKW5LWDDQG
&XFXPHWWRDPRQJWKHP+HLQTXLUHGZKHUHWKH\ZHUHDQGZDV
DQVZHUHGE\DEXUVWRIODXJKWHU$FROGSHUVSLUDWLRQEXUVW
IURPHYHU\SRUHDQGKLVKDLUVWRRGRQHQG+HUHSHDWHGKLV
TXHVWLRQ2QHRIWKHEDQGLWVURVHDQGRIIHUHGKLPDJODVV
ILOOHGZLWK2UYLHWWRVD\LQJC7RWKHKHDOWKRIWKHEUDYH
&XFXPHWWRDQGWKHIDLU5LWD
$WWKLVPRPHQW&DUOLQLKHDUGD
ZRPDQ
VFU\KHGLYLQHGWKHWUXWKVHL]HGWKHJODVVEURNH
LWDFURVVWKHIDFHRIKLPZKRSUHVHQWHGLWDQGUXVKHG
WRZDUGVWKHVSRWZKHQFHWKHFU\FDPH$IWHUDKXQGUHG\DUGV
KHWXUQHGWKHFRUQHURIWKHWKLFNHWKHIRXQG5LWDVHQVHOHVV
LQWKHDUPVRI&XFXPHWWR$WWKHVLJKWRI&DUOLQL&XFXPHWWR
URVHDSLVWROLQHDFKKDQG7KHWZREULJDQGVORRNHGDWHDFK
RWKHUIRUDPRPHQWWKHRQHZLWKDVPLOHRIODVFLYLRXVQHVV
RQKLVOLSVWKHRWKHUZLWKWKHSDOORURIGHDWKRQKLVEURZ
$WHUULEOHEDWWOHEHWZHHQWKHWZRPHQVHHPHGLPPLQHQWEXW
E\GHJUHHV&DUOLQL
VIHDWXUHVUHOD[HGKLVKDQGZKLFKKDG
JUDVSHGRQHRIWKHSLVWROVLQKLVEHOWIHOOWRKLVVLGH
5LWDOD\EHWZHHQWKHP7KHPRRQOLJKWHGWKHJURXS
C:HOO
VDLG&XFXPHWWRCKDYH\RXH[HFXWHG\RXU
FRPPLVVLRQ"

C<HVFDSWDLQ
UHWXUQHG&DUOLQLC$WQLQHR
FORFN
WRPRUURZ5LWD
VIDWKHUZLOOEHKHUHZLWKWKHPRQH\
C,W
LVZHOOLQWKHPHDQWLPHZHZLOOKDYHDPHUU\QLJKWWKLV
\RXQJJLUOLVFKDUPLQJDQGGRHVFUHGLWWR\RXUWDVWH1RZ
DV,DPQRWHJRWLVWLFDOZHZLOOUHWXUQWRRXUFRPUDGHVDQG
GUDZORWVIRUKHU
C<RXKDYHGHWHUPLQHGWKHQWR
DEDQGRQKHUWRWKHFRPPRQODZ"VDLG&DUOLQL
C:K\VKRXOGDQH[FHSWLRQEHPDGHLQKHUIDYRU"

C,WKRXJKWWKDWP\HQWUHDWLHV

C:KDWULJKWKDYH\RXDQ\PRUHWKDQWKHUHVWWRDVNIRUDQ
H[FHSWLRQ"
C,WLVWUXH
C%XWQHYHUPLQG
FRQWLQXHG
&XFXPHWWRODXJKLQJCVRRQHURUODWHU\RXUWXUQZLOOFRPH

&DUOLQL
VWHHWKFOLQFKHGFRQYXOVLYHO\
C1RZWKHQ
VDLG&XFXPHWWRDGYDQFLQJWRZDUGVWKHRWKHU
EDQGLWVCDUH\RXFRPLQJ"
C,IROORZ\RX

381

&XFXPHWWRGHSDUWHGZLWKRXWORVLQJVLJKWRI&DUOLQLIRU
GRXEWOHVVKHIHDUHGOHVWKHVKRXOGVWULNHKLPXQDZDUHVEXW
QRWKLQJEHWUD\HGDKRVWLOHGHVLJQRQ&DUOLQL
VSDUW+HZDV
VWDQGLQJKLVDUPVIROGHGQHDU5LWDZKRZDVVWLOO
LQVHQVLEOH&XFXPHWWRIDQFLHGIRUDPRPHQWWKH\RXQJPDQZDV
DERXWWRWDNHKHULQKLVDUPVDQGIO\EXWWKLVPDWWHUHG
OLWWOHWRKLPQRZ5LWDKDGEHHQKLVDQGDVIRUWKHPRQH\
WKUHHKXQGUHGSLDVWUHVGLVWULEXWHGDPRQJWKHEDQGZDVVR
VPDOODVXPWKDWKHFDUHGOLWWOHDERXWLW+HFRQWLQXHGWR
IROORZWKHSDWKWRWKHJODGHEXWWRKLVJUHDWVXUSULVH
&DUOLQLDUULYHGDOPRVWDVVRRQDVKLPVHOIC/HWXVGUDZ
ORWVOHWXVGUDZORWV
FULHGDOOWKHEULJDQGVZKHQWKH\
VDZWKHFKLHI
7KHLUGHPDQGZDVIDLUDQGWKHFKLHILQFOLQHGKLVKHDGLQ
VLJQRIDFTXLHVFHQFH7KHH\HVRIDOOVKRQHILHUFHO\DVWKH\
PDGHWKHLUGHPDQGDQGWKHUHGOLJKWRIWKHILUHPDGHWKHP
ORRNOLNHGHPRQV7KHQDPHVRIDOOLQFOXGLQJ&DUOLQLZHUH
SODFHGLQDKDWDQGWKH\RXQJHVWRIWKHEDQGGUHZIRUWKD
WLFNHWWKHWLFNHWERUHWKHQDPHRI'LRYRODFFLR+HZDVWKH
PDQZKRKDGSURSRVHGWR&DUOLQLWKHKHDOWKRIWKHLUFKLHI
DQGWRZKRP&DUOLQLUHSOLHGE\EUHDNLQJWKHJODVVDFURVVKLV
IDFH$ODUJHZRXQGH[WHQGLQJIURPWKHWHPSOHWRWKHPRXWK
ZDVEOHHGLQJSURIXVHO\'LRYDODFFLRVHHLQJKLPVHOIWKXV
IDYRUHGE\IRUWXQHEXUVWLQWRDORXGODXJKC&DSWDLQ
VDLG
KHCMXVWQRZ&DUOLQLZRXOGQRWGULQN\RXUKHDOWKZKHQ,
SURSRVHGLWWRKLPSURSRVHPLQHWRKLPDQGOHWXVVHHLI
KHZLOOEHPRUHFRQGHVFHQGLQJWR\RXWKDQWRPH
(YHU\RQH
H[SHFWHGDQH[SORVLRQRQ&DUOLQL
VSDUWEXWWRWKHLUJUHDW
VXUSULVHKHWRRNDJODVVLQRQHKDQGDQGDIODVNLQWKH
RWKHUDQGILOOLQJLWC<RXUKHDOWK'LDYRODFFLR
VDLG
KHFDOPO\DQGKHGUDQNLWRIIZLWKRXWKLVKDQGWUHPEOLQJ
LQWKHOHDVW7KHQVLWWLQJGRZQE\WKHILUHC0\VXSSHU

VDLGKHCP\H[SHGLWLRQKDVJLYHQPHDQDSSHWLWH
C:HOO
GRQH&DUOLQL
FULHGWKHEULJDQGVCWKDWLVDFWLQJOLNHD
JRRGIHOORZ
DQGWKH\DOOIRUPHGDFLUFOHURXQGWKHILUH
ZKLOH'LDYRODFFLRGLVDSSHDUHG&DUOLQLDWHDQGGUDQNDVLI
QRWKLQJKDGKDSSHQHG7KHEDQGLWVORRNHGRQZLWK
DVWRQLVKPHQWDWWKLVVLQJXODUFRQGXFWXQWLOWKH\KHDUG
IRRWVWHSV7KH\WXUQHGURXQGDQGVDZ'LDYRODFFLREHDULQJ
WKH\RXQJJLUOLQKLVDUPV+HUKHDGKXQJEDFNDQGKHUORQJ
KDLUVZHSWWKHJURXQG$VWKH\HQWHUHGWKHFLUFOHWKH
EDQGLWVFRXOGSHUFHLYHE\WKHILUHOLJKWWKHXQHDUWKO\

382

SDOORURIWKH\RXQJJLUODQGRI'LDYRODFFLR7KLVDSSDULWLRQ
ZDVVRVWUDQJHDQGVRVROHPQWKDWHYHU\RQHURVHZLWKWKH
H[FHSWLRQRI&DUOLQLZKRUHPDLQHGVHDWHGDQGDWHDQGGUDQN
FDOPO\'LDYRODFFLRDGYDQFHGDPLGVWWKHPRVWSURIRXQG
VLOHQFHDQGODLG5LWDDWWKHFDSWDLQ
VIHHW7KHQHYHU\RQH
FRXOGXQGHUVWDQGWKHFDXVHRIWKHXQHDUWKO\SDOORULQWKH
\RXQJJLUODQGWKHEDQGLW$NQLIHZDVSOXQJHGXSWRWKH
KLOWLQ5LWD
VOHIWEUHDVW(YHU\RQHORRNHGDW&DUOLQLWKH
VKHDWKDWKLVEHOWZDVHPSW\C$KDK
VDLGWKHFKLHIC,
QRZXQGHUVWDQGZK\&DUOLQLVWD\HGEHKLQG
$OOVDYDJH
QDWXUHVDSSUHFLDWHDGHVSHUDWHGHHG1RRWKHURIWKHEDQGLWV
ZRXOGSHUKDSVKDYHGRQHWKHVDPHEXWWKH\DOOXQGHUVWRRG
ZKDW&DUOLQLKDGGRQHC1RZWKHQ
FULHG&DUOLQLULVLQJLQ
KLVWXUQDQGDSSURDFKLQJWKHFRUSVHKLVKDQGRQWKHEXWW
RIRQHRIKLVSLVWROVCGRHVDQ\RQHGLVSXWHWKHSRVVHVVLRQ
RIWKLVZRPDQZLWKPH"
C1R
UHWXUQHGWKHFKLHICVKHLV
WKLQH
&DUOLQLUDLVHGKHULQKLVDUPVDQGFDUULHGKHURXW
RIWKHFLUFOHRIILUHOLJKW&XFXPHWWRSODFHGKLVVHQWLQHOV
IRUWKHQLJKWDQGWKHEDQGLWVZUDSSHGWKHPVHOYHVLQWKHLU
FORDNVDQGOD\GRZQEHIRUHWKHILUH$WPLGQLJKWWKH
VHQWLQHOJDYHWKHDODUPDQGLQDQLQVWDQWDOOZHUHRQWKH
DOHUW,WZDV5LWD
VIDWKHUZKREURXJKWKLVGDXJKWHU
V
UDQVRPLQSHUVRQC+HUH
VDLGKHWR&XFXPHWWRCKHUHDUH
WKUHHKXQGUHGSLDVWUHVJLYHPHEDFNP\FKLOG%XWWKH
FKLHIZLWKRXWWDNLQJWKHPRQH\PDGHDVLJQWRKLPWR
IROORZ7KHROGPDQREH\HG7KH\ERWKDGYDQFHGEHQHDWKWKH
WUHHVWKURXJKZKRVHEUDQFKHVVWUHDPHGWKHPRRQOLJKW
&XFXPHWWRVWRSSHGDWODVWDQGSRLQWHGWRWZRSHUVRQV
JURXSHGDWWKHIRRWRIDWUHH
C7KHUH
VDLGKHCGHPDQGWK\FKLOGRI&DUOLQLKHZLOO
WHOOWKHHZKDWKDVEHFRPHRIKHU
DQGKHUHWXUQHGWRKLV
FRPSDQLRQV7KHROGPDQUHPDLQHGPRWLRQOHVVKHIHOWWKDW
VRPHJUHDWDQGXQIRUHVHHQPLVIRUWXQHKXQJRYHUKLVKHDG$W
OHQJWKKHDGYDQFHGWRZDUGWKHJURXSWKHPHDQLQJRIZKLFKKH
FRXOGQRWFRPSUHKHQG$VKHDSSURDFKHG&DUOLQLUDLVHGKLV
KHDGDQGWKHIRUPVRIWZRSHUVRQVEHFDPHYLVLEOHWRWKHROG
PDQ
VH\HV$ZRPDQOD\RQWKHJURXQGKHUKHDGUHVWLQJRQ
WKHNQHHVRIDPDQZKRZDVVHDWHGE\KHUDVKHUDLVHGKLV
KHDGWKHZRPDQ
VIDFHEHFDPHYLVLEOH7KHROGPDQ
UHFRJQL]HGKLVFKLOGDQG&DUOLQLUHFRJQL]HGWKHROGPDQC,
H[SHFWHGWKHH
VDLGWKHEDQGLWWR5LWD
VIDWKHU
C:UHWFK
UHWXUQHGWKHROGPDQCZKDWKDVWWKRXGRQH"
DQG
KHJD]HGZLWKWHUURURQ5LWDSDOHDQGEORRG\DNQLIH

383

EXULHGLQKHUERVRP$UD\RIPRRQOLJKWSRXUHGWKURXJKWKH
WUHHVDQGOLJKWHGXSWKHIDFHRIWKHGHDGC&XFXPHWWR
KDGYLRODWHGWK\GDXJKWHU
VDLGWKHEDQGLWC,ORYHGKHU
WKHUHIRUH,VOHZKHUIRUVKHZRXOGKDYHVHUYHGDVWKHVSRUW
RIWKHZKROHEDQG
7KHROGPDQVSRNHQRWDQGJUHZSDOHDV
GHDWKC1RZ
FRQWLQXHG&DUOLQLCLI,KDYHGRQHZURQJO\
DYHQJHKHU
DQGZLWKGUDZLQJWKHNQLIHIURPWKHZRXQGLQ
5LWD
VERVRPKHKHOGLWRXWWRWKHROGPDQZLWKRQHKDQG
ZKLOHZLWKWKHRWKHUKHWRUHRSHQKLVYHVWC7KRXKDVW
GRQHZHOO
UHWXUQHGWKHROGPDQLQDKRDUVHYRLFHCHPEUDFH
PHP\VRQ
&DUOLQLWKUHZKLPVHOIVREELQJOLNHDFKLOG
LQWRWKHDUPVRIKLVPLVWUHVV
VIDWKHU7KHVHZHUHWKHILUVW
WHDUVWKHPDQRIEORRGKDGHYHUZHSWC1RZ
VDLGWKHROG
PDQCDLGPHWREXU\P\FKLOG
&DUOLQLIHWFKHGWZR
SLFND[HVDQGWKHIDWKHUDQGWKHORYHUEHJDQWRGLJDWWKH
IRRWRIDKXJHRDNEHQHDWKZKLFKWKH\RXQJJLUOZDVWR
UHSRVH:KHQWKHJUDYHZDVIRUPHGWKHIDWKHUNLVVHGKHU
ILUVWDQGWKHQWKHORYHUDIWHUZDUGVRQHWDNLQJWKHKHDG
WKHRWKHUWKHIHHWWKH\SODFHGKHULQWKHJUDYH7KHQWKH\
NQHOWRQHDFKVLGHRIWKHJUDYHDQGVDLGWKHSUD\HUVRIWKH
GHDG7KHQZKHQWKH\KDGILQLVKHGWKH\FDVWWKHHDUWKRYHU
WKHFRUSVHXQWLOWKHJUDYHZDVILOOHG7KHQH[WHQGLQJKLV
KDQGWKHROGPDQVDLGC,WKDQN\RXP\VRQDQGQRZOHDYH
PHDORQH
C<HW
UHSOLHG&DUOLQLC/HDYHPH,
FRPPDQG\RX
&DUOLQLREH\HGUHMRLQHGKLVFRPUDGHVIROGHG
KLPVHOILQKLVFORDNDQGVRRQDSSHDUHGWRVOHHSDVVRXQGO\
DVWKHUHVW,WKDGEHHQUHVROYHGWKHQLJKWEHIRUHWRFKDQJH
WKHLUHQFDPSPHQW$QKRXUEHIRUHGD\EUHDN&XFXPHWWRDURXVHG
KLVPHQDQGJDYHWKHZRUGWRPDUFK%XW&DUOLQLZRXOGQRW
TXLWWKHIRUHVWZLWKRXWNQRZLQJZKDWKDGEHFRPHRI5LWD
V
IDWKHU+HZHQWWRZDUGWKHSODFHZKHUHKHKDGOHIWKLP+H
IRXQGWKHROGPDQVXVSHQGHGIURPRQHRIWKHEUDQFKHVRIWKH
RDNZKLFKVKDGHGKLVGDXJKWHU
VJUDYH+HWKHQWRRNDQRDWK
RIELWWHUYHQJHDQFHRYHUWKHGHDGERG\RIWKHRQHDQGWKH
WRPERIWKHRWKHU%XWKHZDVXQDEOHWRFRPSOHWHWKLVRDWK
IRUWZRGD\VDIWHUZDUGVLQDQHQFRXQWHUZLWKWKH5RPDQ
FDUELQHHUV&DUOLQLZDVNLOOHG7KHUHZDVVRPHVXUSULVH
KRZHYHUWKDWDVKHZDVZLWKKLVIDFHWRWKHHQHP\KH
VKRXOGKDYHUHFHLYHGDEDOOEHWZHHQKLVVKRXOGHUV7KDW
DVWRQLVKPHQWFHDVHGZKHQRQHRIWKHEULJDQGVUHPDUNHGWRKLV
FRPUDGHVWKDW&XFXPHWWRZDVVWDWLRQHGWHQSDFHVLQ&DUOLQL
V
UHDUZKHQKHIHOO2QWKHPRUQLQJRIWKHGHSDUWXUHIURPWKH
IRUHVWRI)URVLQRQHKHKDGIROORZHG&DUOLQLLQWKHGDUNQHVV
DQGKHDUGWKLVRDWKRIYHQJHDQFHDQGOLNHDZLVHPDQ

384

DQWLFLSDWHGLW7KH\WROGWHQRWKHUVWRULHVRIWKLVEDQGLW
FKLHIHDFKPRUHVLQJXODUWKDQWKHRWKHU7KXVIURP)RQGL
WR3HUXVLDHYHU\RQHWUHPEOHVDWWKHQDPHRI&XFXPHWWR
7KHVHQDUUDWLYHVZHUHIUHTXHQWO\WKHWKHPHRIFRQYHUVDWLRQ
EHWZHHQ/XLJLDQG7HUHVD7KH\RXQJJLUOWUHPEOHGYHU\PXFK
DWKHDULQJWKHVWRULHVEXW9DPSDUHDVVXUHGKHUZLWKD
VPLOHWDSSLQJWKHEXWWRIKLVJRRGIRZOLQJSLHFHZKLFK
WKUHZLWVEDOOVRZHOODQGLIWKDWGLGQRWUHVWRUHKHU
FRXUDJHKHSRLQWHGWRDFURZSHUFKHGRQVRPHGHDGEUDQFK
WRRNDLPWRXFKHGWKHWULJJHUDQGWKHELUGIHOOGHDGDWWKH
IRRWRIWKHWUHH7LPHSDVVHGRQDQGWKHWZR\RXQJSHRSOH
KDGDJUHHGWREHPDUULHGZKHQ9DPSDVKRXOGEHWZHQW\DQG
7HUHVDQLQHWHHQ\HDUVRIDJH7KH\ZHUHERWKRUSKDQVDQG
KDGRQO\WKHLUHPSOR\HUV
OHDYHWRDVNZKLFKKDGEHHQ
DOUHDG\VRXJKWDQGREWDLQHG2QHGD\ZKHQWKH\ZHUHWDONLQJ
RYHUWKHLUSODQVIRUWKHIXWXUHWKH\KHDUGWZRRUWKUHH
UHSRUWVRIILUHDUPVDQGWKHQVXGGHQO\DPDQFDPHRXWRIWKH
ZRRGQHDUZKLFKWKHWZR\RXQJSHUVRQVXVHGWRJUD]HWKHLU
IORFNVDQGKXUULHGWRZDUGVWKHP:KHQKHFDPHZLWKLQ
KHDULQJKHH[FODLPHGC,DPSXUVXHGFDQ\RXFRQFHDOPH"

7KH\NQHZIXOOZHOOWKDWWKLVIXJLWLYHPXVWEHDEDQGLWEXW
WKHUHLVDQLQQDWHV\PSDWK\EHWZHHQWKH5RPDQEULJDQGDQG
WKH5RPDQSHDVDQWDQGWKHODWWHULVDOZD\VUHDG\WRDLGWKH
IRUPHU9DPSDZLWKRXWVD\LQJDZRUGKDVWHQHGWRWKHVWRQH
WKDWFORVHGXSWKHHQWUDQFHWRWKHLUJURWWRGUHZLWDZD\
PDGHDVLJQWRWKHIXJLWLYHWRWDNHUHIXJHWKHUHLQD
UHWUHDWXQNQRZQWRHYHU\RQHFORVHGWKHVWRQHXSRQKLPDQG
WKHQZHQWDQGUHVXPHGKLVVHDWE\7HUHVD,QVWDQWO\
DIWHUZDUGVIRXUFDUELQHHUVRQKRUVHEDFNDSSHDUHGRQWKH
HGJHRIWKHZRRGWKUHHRIWKHPDSSHDUHGWREHORRNLQJIRU
WKHIXJLWLYHZKLOHWKHIRXUWKGUDJJHGDEULJDQGSULVRQHUE\
WKHQHFN7KHWKUHHFDUELQHHUVORRNHGDERXWFDUHIXOO\RQ
HYHU\VLGHVDZWKH\RXQJSHDVDQWVDQGJDOORSLQJXSEHJDQ
WRTXHVWLRQWKHP7KH\KDGVHHQQRRQHC7KDWLVYHU\
DQQR\LQJ
VDLGWKHEULJDGLHUIRUWKHPDQZHDUHORRNLQJ
IRULVWKHFKLHI
C&XFXPHWWR"
FULHG/XLJLDQG7HUHVDDW
WKHVDPHPRPHQW
C<HV
UHSOLHGWKHEULJDGLHUCDQGDVKLVKHDGLVYDOXHGDW
DWKRXVDQG5RPDQFURZQVWKHUHZRXOGKDYHEHHQILYHKXQGUHG
IRU\RXLI\RXKDGKHOSHGXVWRFDWFKKLP
7KHWZR\RXQJ
SHUVRQVH[FKDQJHGORRNV7KHEULJDGLHUKDGDPRPHQW
VKRSH
)LYHKXQGUHG5RPDQFURZQVDUHWKUHHWKRXVDQGOLUHDQGWKUHH

385

WKRXVDQGOLUHDUHDIRUWXQHIRUWZRSRRURUSKDQVZKRDUH
JRLQJWREHPDUULHG
C<HVLWLVYHU\DQQR\LQJ
VDLG9DPSDCEXWZHKDYHQRW
VHHQKLP

7KHQWKHFDUELQHHUVVFRXUHGWKHFRXQWU\LQGLIIHUHQW
GLUHFWLRQVEXWLQYDLQWKHQDIWHUDWLPHWKH\
GLVDSSHDUHG9DPSDWKHQUHPRYHGWKHVWRQHDQG&XFXPHWWR
FDPHRXW7KURXJKWKHFUHYLFHVLQWKHJUDQLWHKHKDGVHHQ
WKHWZR\RXQJSHDVDQWVWDONLQJZLWKWKHFDUELQHHUVDQG
JXHVVHGWKHVXEMHFWRIWKHLUSDUOH\+HKDGUHDGLQWKH
FRXQWHQDQFHVRI/XLJLDQG7HUHVDWKHLUVWHDGIDVWUHVROXWLRQ
QRWWRVXUUHQGHUKLPDQGKHGUHZIURPKLVSRFNHWDSXUVH
IXOORIJROGZKLFKKHRIIHUHGWRWKHP%XW9DPSDUDLVHGKLV
KHDGSURXGO\DVWR7HUHVDKHUH\HVVSDUNOHGZKHQVKH
WKRXJKWRIDOOWKHILQHJRZQVDQGJD\MHZHOOHU\VKHFRXOG
EX\ZLWKWKLVSXUVHRIJROG
&XFXPHWWRZDVDFXQQLQJILHQGDQGKDGDVVXPHGWKHIRUPRI
DEULJDQGLQVWHDGRIDVHUSHQWDQGWKLVORRNIURP7HUHVD
VKRZHGWRKLPWKDWVKHZDVDZRUWK\GDXJKWHURI(YHDQGKH
UHWXUQHGWRWKHIRUHVWSDXVLQJVHYHUDOWLPHVRQKLVZD\
XQGHUWKHSUHWH[WRIVDOXWLQJKLVSURWHFWRUV6HYHUDOGD\V
HODSVHGDQGWKH\QHLWKHUVDZQRUKHDUGRI&XFXPHWWR7KH
WLPHRIWKH&DUQLYDOZDVDWKDQG7KH&RXQWRI6DQ)HOLFH
DQQRXQFHGDJUDQGPDVNHGEDOOWRZKLFKDOOWKDWZHUH
GLVWLQJXLVKHGLQ5RPHZHUHLQYLWHG7HUHVDKDGDJUHDW
GHVLUHWRVHHWKLVEDOO/XLJLDVNHGSHUPLVVLRQRIKLV
SURWHFWRUWKHVWHZDUGWKDWVKHDQGKHPLJKWEHSUHVHQW
DPRQJVWWKHVHUYDQWVRIWKHKRXVH7KLVZDVJUDQWHG7KH
EDOOZDVJLYHQE\WKH&RXQWIRUWKHSDUWLFXODUSOHDVXUHRI
KLVGDXJKWHU&DUPHODZKRPKHDGRUHG&DUPHODZDVSUHFLVHO\
WKHDJHDQGILJXUHRI7HUHVDDQG7HUHVDZDVDVKDQGVRPHDV
&DUPHOD2QWKHHYHQLQJRIWKHEDOO7HUHVDZDVDWWLUHGLQ
KHUEHVWKHUPRVWEULOOLDQWRUQDPHQWVLQKHUKDLUDQG
JD\HVWJODVVEHDGVVKHZDVLQWKHFRVWXPHRIWKHZRPHQ
RI)UDVFDWL/XLJLZRUHWKHYHU\SLFWXUHVTXHJDUERIWKH
5RPDQSHDVDQWDWKROLGD\WLPH7KH\ERWKPLQJOHGDVWKH\
KDGOHDYHWRGRZLWKWKHVHUYDQWVDQGSHDVDQWV
7KHIHVWDZDVPDJQLILFHQWQRWRQO\ZDVWKHYLOOD
EULOOLDQWO\LOOXPLQDWHGEXWWKRXVDQGVRIFRORUHGODQWHUQV
ZHUHVXVSHQGHGIURPWKHWUHHVLQWKHJDUGHQDQGYHU\VRRQ

386

WKHSDODFHRYHUIORZHGWRWKHWHUUDFHVDQGWKHWHUUDFHVWR
WKHJDUGHQZDONV$WHDFKFURVVSDWKZDVDQRUFKHVWUDDQG
WDEOHVVSUHDGZLWKUHIUHVKPHQWVWKHJXHVWVVWRSSHGIRUPHG
TXDGULOOHVDQGGDQFHGLQDQ\SDUWRIWKHJURXQGVWKH\
SOHDVHG&DUPHODZDVDWWLUHGOLNHDZRPDQRI6RQQLQR+HU
FDSZDVHPEURLGHUHGZLWKSHDUOVWKHSLQVLQKHUKDLUZHUH
RIJROGDQGGLDPRQGVKHUJLUGOHZDVRI7XUNH\VLONZLWK
ODUJHHPEURLGHUHGIORZHUVKHUERGLFHDQGVNLUWZHUHRI
FDVKPHUHKHUDSURQRI,QGLDQPXVOLQDQGWKHEXWWRQVRIKHU
FRUVHWZHUHRIMHZHOV7ZRRIKHUFRPSDQLRQVZHUHGUHVVHG
WKHRQHDVDZRPDQRI1HWWXQRDQGWKHRWKHUDVDZRPDQRI
/D5LFFLD)RXU\RXQJPHQRIWKHULFKHVWDQGQREOHVW
IDPLOLHVRI5RPHDFFRPSDQLHGWKHPZLWKWKDW,WDOLDQIUHHGRP
ZKLFKKDVQRWLWVSDUDOOHOLQDQ\RWKHUFRXQWU\LQWKH
ZRUOG7KH\ZHUHDWWLUHGDVSHDVDQWVRI$OEDQR9HOOHWUL
&LYLWD&DVWHOODQDDQG6RUD:HQHHGKDUGO\DGGWKDWWKHVH
SHDVDQWFRVWXPHVOLNHWKRVHRIWKH\RXQJZRPHQZHUH
EULOOLDQWZLWKJROGDQGMHZHOV
&DUPHODZLVKHGWRIRUPDTXDGULOOHEXWWKHUHZDVRQHODG\
ZDQWLQJ&DUPHODORRNHGDOODURXQGKHUEXWQRWRQHRIWKH
JXHVWVKDGDFRVWXPHVLPLODUWRKHURZQRUWKRVHRIKHU
FRPSDQLRQV7KH&RXQWRI6DQ)HOLFHSRLQWHGRXW7HUHVDZKR
ZDVKDQJLQJRQ/XLJL
VDUPLQDJURXSRISHDVDQWVC:LOO\RX
DOORZPHIDWKHU"
VDLG&DUPHODC&HUWDLQO\
UHSOLHGWKH
FRXQWCDUHZHQRWLQ&DUQLYDOWLPH"
&DUPHODWXUQHG
WRZDUGVWKH\RXQJPDQZKRZDVWDONLQJZLWKKHUDQGVD\LQJD
IHZZRUGVWRKLPSRLQWHGZLWKKHUILQJHUWR7HUHVD7KH
\RXQJPDQORRNHGERZHGLQREHGLHQFHDQGWKHQZHQWWR
7HUHVDDQGLQYLWHGKHUWRGDQFHLQDTXDGULOOHGLUHFWHGE\
WKHFRXQW
VGDXJKWHU7HUHVDIHOWDIOXVKSDVVRYHUKHU
IDFHVKHORRNHGDW/XLJLZKRFRXOGQRWUHIXVHKLVDVVHQW
/XLJLVORZO\UHOLQTXLVKHG7HUHVD
VDUPZKLFKKHKDGKHOG
EHQHDWKKLVRZQDQG7HUHVDDFFRPSDQLHGE\KHUHOHJDQW
FDYDOLHUWRRNKHUDSSRLQWHGSODFHZLWKPXFKDJLWDWLRQLQ
WKHDULVWRFUDWLFTXDGULOOH&HUWDLQO\LQWKHH\HVRIDQ
DUWLVWWKHH[DFWDQGVWULFWFRVWXPHRI7HUHVDKDGDYHU\
GLIIHUHQWFKDUDFWHUIURPWKDWRI&DUPHODDQGKHUFRPSDQLRQV
DQG7HUHVDZDVIULYRORXVDQGFRTXHWWLVKDQGWKXVWKH
HPEURLGHU\DQGPXVOLQVWKHFDVKPHUHZDLVWJLUGOHVDOO
GD]]OHGKHUDQGWKHUHIOHFWLRQRIVDSSKLUHVDQGGLDPRQGV
DOPRVWWXUQHGKHUJLGG\EUDLQ
/XLJLIHOWDVHQVDWLRQKLWKHUWRXQNQRZQDULVLQJLQKLV

387

PLQG,WZDVOLNHDQDFXWHSDLQZKLFKJQDZHGDWKLVKHDUW
DQGWKHQWKULOOHGWKURXJKKLVZKROHERG\+HIROORZHGZLWK
KLVH\HHDFKPRYHPHQWRI7HUHVDDQGKHUFDYDOLHUZKHQWKHLU
KDQGVWRXFKHGKHIHOWDVWKRXJKKHVKRXOGVZRRQHYHU\
SXOVHEHDWZLWKYLROHQFHDQGLWVHHPHGDVWKRXJKDEHOO
ZHUHULQJLQJLQKLVHDUV:KHQWKH\VSRNHDOWKRXJK7HUHVD
OLVWHQHGWLPLGO\DQGZLWKGRZQFDVWH\HVWRWKHFRQYHUVDWLRQ
RIKHUFDYDOLHUDV/XLJLFRXOGUHDGLQWKHDUGHQWORRNVRI
WKHJRRGORRNLQJ\RXQJPDQWKDWKLVODQJXDJHZDVWKDWRI
SUDLVHLWVHHPHGDVLIWKHZKROHZRUOGZDVWXUQLQJURXQG
ZLWKKLPDQGDOOWKHYRLFHVRIKHOOZHUHZKLVSHULQJLQKLV
HDUVLGHDVRIPXUGHUDQGDVVDVVLQDWLRQ7KHQIHDULQJWKDW
KLVSDUR[\VPPLJKWJHWWKHEHWWHURIKLPKHFOXWFKHGZLWK
RQHKDQGWKHEUDQFKRIDWUHHDJDLQVWZKLFKKHZDVOHDQLQJ
DQGZLWKWKHRWKHUFRQYXOVLYHO\JUDVSHGWKHGDJJHUZLWKD
FDUYHGKDQGOHZKLFKZDVLQKLVEHOWDQGZKLFKXQZLWWLQJO\
KHGUHZIURPWKHVFDEEDUGIURPWLPHWRWLPH/XLJLZDV
MHDORXV+HIHOWWKDWLQIOXHQFHGE\KHUDPELWLRQVDQG
FRTXHWWLVKGLVSRVLWLRQ7HUHVDPLJKWHVFDSHKLP
7KH\RXQJSHDVDQWJLUODWILUVWWLPLGDQGVFDUHGVRRQ
UHFRYHUHGKHUVHOI:HKDYHVDLGWKDW7HUHVDZDVKDQGVRPH
EXWWKLVLVQRWDOO7HUHVDZDVHQGRZHGZLWKDOOWKRVHZLOG
JUDFHVZKLFKDUHVRPXFKPRUHSRWHQWWKDQRXUDIIHFWHGDQG
VWXGLHGHOHJDQFLHV6KHKDGDOPRVWDOOWKHKRQRUVRIWKH
TXDGULOOHDQGLIVKHZHUHHQYLRXVRIWKH&RXQWRI
6DQ)HOLFH
VGDXJKWHUZHZLOOQRWXQGHUWDNHWRVD\WKDW
&DUPHODZDVQRWMHDORXVRIKHU$QGZLWKRYHUSRZHULQJ
FRPSOLPHQWVKHUKDQGVRPHFDYDOLHUOHGKHUEDFNWRWKHSODFH
ZKHQFHKHKDGWDNHQKHUDQGZKHUH/XLJLDZDLWHGKHU7ZLFH
RUWKULFHGXULQJWKHGDQFHWKH\RXQJJLUOKDGJODQFHGDW
/XLJLDQGHDFKWLPHVKHVDZWKDWKHZDVSDOHDQGWKDWKLV
IHDWXUHVZHUHDJLWDWHGRQFHHYHQWKHEODGHRIKLVNQLIH
KDOIGUDZQIURPLWVVKHDWKKDGGD]]OHGKHUH\HVZLWKLWV
VLQLVWHUJODUH7KXVLWZDVDOPRVWWUHPEOLQJO\WKDWVKH
UHVXPHGKHUORYHU
VDUP7KHTXDGULOOHKDGEHHQPRVW
SHUIHFWDQGLWZDVHYLGHQWWKHUHZDVDJUHDWGHPDQGIRUD
UHSHWLWLRQ&DUPHODDORQHREMHFWLQJWRLWEXWWKH&RXQWRI
6DQ)HOLFHEHVRXJKWKLVGDXJKWHUVRHDUQHVWO\WKDWVKH
DFFHGHG2QHRIWKHFDYDOLHUVWKHQKDVWHQHGWRLQYLWH
7HUHVDZLWKRXWZKRPLWZDVLPSRVVLEOHIRUWKHTXDGULOOHWR
EHIRUPHGEXWWKH\RXQJJLUOKDGGLVDSSHDUHG7KHWUXWK
ZDVWKDW/XLJLKDGQRWIHOWWKHVWUHQJWKWRVXSSRUWDQRWKHU
VXFKWULDODQGKDOIE\SHUVXDVLRQDQGKDOIE\IRUFHKH

388

KDGUHPRYHG7HUHVDWRZDUGDQRWKHUSDUWRIWKHJDUGHQ7HUHVD
KDG\LHOGHGLQVSLWHRIKHUVHOIEXWZKHQVKHORRNHGDWWKH
DJLWDWHGFRXQWHQDQFHRIWKH\RXQJPDQVKHXQGHUVWRRGE\KLV
VLOHQFHDQGWUHPEOLQJYRLFHWKDWVRPHWKLQJVWUDQJHZDV
SDVVLQJZLWKLQKLP6KHKHUVHOIZDVQRWH[HPSWIURPLQWHUQDO
HPRWLRQDQGZLWKRXWKDYLQJGRQHDQ\WKLQJZURQJ\HWIXOO\
FRPSUHKHQGHGWKDW/XLJLZDVULJKWLQUHSURDFKLQJKHU:K\
VKHGLGQRWNQRZEXW\HWVKHGLGQRWWKHOHVVIHHOWKDW
WKHVHUHSURDFKHVZHUHPHULWHG+RZHYHUWR7HUHVD
VJUHDW
DVWRQLVKPHQW/XLJLUHPDLQHGPXWHDQGQRWDZRUGHVFDSHG
KLVOLSVWKHUHVWRIWKHHYHQLQJ:KHQWKHFKLOORIWKH
QLJKWKDGGULYHQDZD\WKHJXHVWVIURPWKHJDUGHQVDQGWKH
JDWHVRIWKHYLOODZHUHFORVHGRQWKHPIRUWKHIHVWD
LQGRRUVKHWRRN7HUHVDTXLWHDZD\DQGDVKHOHIWKHUDW
KHUKRPHKHVDLG
C7HUHVDZKDWZHUH\RXWKLQNLQJRIDV\RXGDQFHGRSSRVLWH
WKH\RXQJ&RXQWHVVRI6DQ)HOLFH"
C,WKRXJKW
UHSOLHG
WKH\RXQJJLUOZLWKDOOWKHIUDQNQHVVRIKHUQDWXUHCWKDW
,ZRXOGJLYHKDOIP\OLIHIRUDFRVWXPHVXFKDVVKHZRUH

C$QGZKDWVDLG\RXUFDYDOLHUWR\RX"
C+HVDLGLWRQO\
GHSHQGHGRQP\VHOIWRKDYHLWDQG,KDGRQO\RQHZRUGWR
VD\

C+HZDVULJKW
VDLG/XLJLC'R\RXGHVLUHLWDVDUGHQWO\
DV\RXVD\"
C<HV
C:HOOWKHQ\RXVKDOOKDYHLW

7KH\RXQJJLUOPXFKDVWRQLVKHGUDLVHGKHUKHDGWRORRNDW
KLPEXWKLVIDFHZDVVRJORRP\DQGWHUULEOHWKDWKHUZRUGV
IUR]HWRKHUOLSV$V/XLJLVSRNHWKXVKHOHIWKHU7HUHVD
IROORZHGKLPZLWKKHUH\HVLQWRWKHGDUNQHVVDVORQJDVVKH
FRXOGDQGZKHQKHKDGTXLWHGLVDSSHDUHGVKHZHQWLQWRWKH
KRXVHZLWKDVLJK
7KDWQLJKWDPHPRUDEOHHYHQWRFFXUUHGGXHQRGRXEWWR
WKHLPSUXGHQFHRIVRPHVHUYDQWZKRKDGQHJOHFWHGWR
H[WLQJXLVKWKHOLJKWV7KH9LOODRI6DQ)HOLFHWRRNILUHLQ
WKHURRPVDGMRLQLQJWKHYHU\DSDUWPHQWRIWKHORYHO\
&DUPHOD$ZDNHQHGLQWKHQLJKWE\WKHOLJKWRIWKHIODPHV
VKHVSUDQJRXWRIEHGZUDSSHGKHUVHOILQDGUHVVLQJJRZQ
DQGDWWHPSWHGWRHVFDSHE\WKHGRRUEXWWKHFRUULGRUE\
ZKLFKVKHKRSHGWRIO\ZDVDOUHDG\DSUH\WRWKHIODPHV6KH
WKHQUHWXUQHGWRKHUURRPFDOOLQJIRUKHOSDVORXGO\DVVKH

389

FRXOGZKHQVXGGHQO\KHUZLQGRZZKLFKZDVWZHQW\IHHWIURP
WKHJURXQGZDVRSHQHGD\RXQJSHDVDQWMXPSHGLQWRWKH
FKDPEHUVHL]HGKHULQKLVDUPVDQGZLWKVXSHUKXPDQVNLOO
DQGVWUHQJWKFRQYH\HGKHUWRWKHWXUIRIWKHJUDVVSORW
ZKHUHVKHIDLQWHG:KHQVKHUHFRYHUHGKHUIDWKHUZDVE\KHU
VLGH$OOWKHVHUYDQWVVXUURXQGHGKHURIIHULQJKHU
DVVLVWDQFH$QHQWLUHZLQJRIWKHYLOODZDVEXUQWGRZQEXW
ZKDWRIWKDWDVORQJDV&DUPHODZDVVDIHDQGXQLQMXUHG"+HU
SUHVHUYHUZDVHYHU\ZKHUHVRXJKWIRUEXWKHGLGQRWDSSHDU
KHZDVLQTXLUHGDIWHUEXWQRRQHKDGVHHQKLP&DUPHODZDV
JUHDWO\WURXEOHGWKDWVKHKDGQRWUHFRJQL]HGKLP$VWKH
FRXQWZDVLPPHQVHO\ULFKH[FHSWLQJWKHGDQJHU&DUPHODKDG
UXQDQGWKHPDUYHOORXVPDQQHULQZKLFKVKHKDGHVFDSHG
PDGHWKDWDSSHDUWRKLPUDWKHUDIDYRURISURYLGHQFHWKDQD
UHDOPLVIRUWXQHWKHORVVRFFDVLRQHGE\WKHFRQIODJUDWLRQ
ZDVWRKLPEXWDWULIOH
7KHQH[WGD\DWWKHXVXDOKRXUWKHWZR\RXQJSHDVDQWV
ZHUHRQWKHERUGHUVRIWKHIRUHVW/XLJLDUULYHGILUVW+H
FDPHWRZDUG7HUHVDLQKLJKVSLULWVDQGVHHPHGWRKDYH
FRPSOHWHO\IRUJRWWHQWKHHYHQWVRIWKHSUHYLRXVHYHQLQJ7KH
\RXQJJLUOZDVYHU\SHQVLYHEXWVHHLQJ/XLJLVRFKHHUIXO
VKHRQKHUSDUWDVVXPHGDVPLOLQJDLUZKLFKZDVQDWXUDOWR
KHUZKHQVKHZDVQRWH[FLWHGRULQDSDVVLRQ/XLJLWRRNKHU
DUPEHQHDWKKLVRZQDQGOHGKHUWRWKHGRRURIWKHJURWWR
7KHQKHSDXVHG7KH\RXQJJLUOSHUFHLYLQJWKDWWKHUHZDV
VRPHWKLQJH[WUDRUGLQDU\ORRNHGDWKLPVWHDGIDVWO\
C7HUHVD
VDLG/XLJLC\HVWHUGD\HYHQLQJ\RXWROGPH\RX
ZRXOGJLYHDOOWKHZRUOGWRKDYHDFRVWXPHVLPLODUWRWKDW
RIWKHFRXQW
VGDXJKWHU
C<HV
UHSOLHG7HUHVDZLWK
DVWRQLVKPHQWCEXW,ZDVPDGWRXWWHUVXFKDZLVK
C$QG
,UHSOLHG9HU\ZHOO\RXVKDOOKDYHLW
C<HV

UHSOLHGWKH\RXQJJLUOZKRVHDVWRQLVKPHQWLQFUHDVHGDW
HYHU\ZRUGXWWHUHGE\/XLJLCEXWRIFRXUVH\RXUUHSO\ZDV
RQO\WRSOHDVHPH

C,KDYHSURPLVHGQRPRUHWKDQ,KDYHJLYHQ\RX7HUHVD

VDLG/XLJLSURXGO\C*RLQWRWKHJURWWRDQGGUHVV\RXUVHOI

$WWKHVHZRUGVKHGUHZDZD\WKHVWRQHDQGVKRZHG7HUHVDWKH
JURWWROLJKWHGXSE\WZRZD[OLJKWVZKLFKEXUQWRQHDFK
VLGHRIDVSOHQGLGPLUURURQDUXVWLFWDEOHPDGHE\/XLJL
ZHUHVSUHDGRXWWKHSHDUOQHFNODFHDQGWKHGLDPRQGSLQVDQG
RQDFKDLUDWWKHVLGHZDVODLGWKHUHVWRIWKHFRVWXPH

390

7HUHVDXWWHUHGDFU\RIMR\DQGZLWKRXWLQTXLULQJZKHQFH
WKLVDWWLUHFDPHRUHYHQWKDQNLQJ/XLJLGDUWHGLQWRWKH
JURWWRWUDQVIRUPHGLQWRDGUHVVLQJURRP/XLJLSXVKHGWKH
VWRQHEHKLQGKHUIRURQWKHFUHVWRIDVPDOODGMDFHQWKLOO
ZKLFKFXWRIIWKHYLHZWRZDUG3DOHVWULQDKHVDZDWUDYHOOHU
RQKRUVHEDFNVWRSSLQJDPRPHQWDVLIXQFHUWDLQRIKLV
URDGDQGWKXVSUHVHQWLQJDJDLQVWWKHEOXHVN\WKDWSHUIHFW
RXWOLQHZKLFKLVSHFXOLDUWRGLVWDQWREMHFWVLQVRXWKHUQ
FOLPHV:KHQKHVDZ/XLJLKHSXWKLVKRUVHLQWRDJDOORS
DQGDGYDQFHGWRZDUGKLP/XLJLZDVQRWPLVWDNHQ7KH
WUDYHOOHUZKRZDVJRLQJIURP3DOHVWULQDWR7LYROLKDG
PLVWDNHQKLVZD\WKH\RXQJPDQGLUHFWHGKLPEXWDVDWD
GLVWDQFHRIDTXDUWHURIDPLOHWKHURDGDJDLQGLYLGHGLQWR
WKUHHZD\VDQGRQUHDFKLQJWKHVHWKHWUDYHOOHUPLJKWDJDLQ
VWUD\IURPKLVURXWHKHEHJJHG/XLJLWREHKLVJXLGH/XLJL
WKUHZKLVFORDNRQWKHJURXQGSODFHGKLVFDUELQHRQKLV
VKRXOGHUDQGIUHHGIURPKLVKHDY\FRYHULQJSUHFHGHGWKH
WUDYHOOHUZLWKWKHUDSLGVWHSRIDPRXQWDLQHHUZKLFKD
KRUVHFDQVFDUFHO\NHHSXSZLWK,QWHQPLQXWHV/XLJLDQG
WKHWUDYHOOHUUHDFKHGWKHFURVVURDGV2QDUULYLQJWKHUH
ZLWKDQDLUDVPDMHVWLFDVWKDWRIDQHPSHURUKHVWUHWFKHG
KLVKDQGWRZDUGVWKDWRQHRIWKHURDGVZKLFKWKHWUDYHOOHU
ZDVWRIROORZ7KDWLV\RXUURDGH[FHOOHQF\DQGQRZ
\RXFDQQRWDJDLQPLVWDNH
C$QGKHUHLV\RXUUHFRPSHQVH

VDLGWKHWUDYHOOHURIIHULQJWKH\RXQJKHUGVPDQVRPHVPDOO
SLHFHVRIPRQH\
C7KDQN\RX
VDLG/XLJLGUDZLQJEDFNKLVKDQGC,UHQGHUD
VHUYLFH,GRQRWVHOOLW
C:HOO
UHSOLHGWKH
WUDYHOOHUZKRVHHPHGXVHGWRWKLVGLIIHUHQFHEHWZHHQWKH
VHUYLOLW\RIDPDQRIWKHFLWLHVDQGWKHSULGHRIWKH
PRXQWDLQHHUCLI\RXUHIXVHZDJHV\RXZLOOSHUKDSVDFFHSW
DJLIW
C$K\HVWKDWLVDQRWKHUWKLQJ
C7KHQ

VDLGWKHWUDYHOOHUCWDNHWKHVHWZR9HQHWLDQVHTXLQVDQG
JLYHWKHPWR\RXUEULGHWRPDNHKHUVHOIDSDLURI
HDUULQJV

C$QGWKHQGR\RXWDNHWKLVSRQLDUG
VDLGWKH\RXQJ
KHUGVPDQC\RXZLOOQRWILQGRQHEHWWHUFDUYHGEHWZHHQ
$OEDQRDQG&LYLWD&DVWHOODQD

C,DFFHSWLW
DQVZHUHGWKHWUDYHOOHUCEXWWKHQWKH
REOLJDWLRQZLOOEHRQP\VLGHIRUWKLVSRQLDUGLVZRUWK
PRUHWKDQWZRVHTXLQV
C)RUDGHDOHUSHUKDSVEXWIRU

391

PHZKRHQJUDYHGLWP\VHOILWLVKDUGO\ZRUWKDSLDVWUH

C:KDWLV\RXUQDPH"
LQTXLUHGWKHWUDYHOOHUC/XLJL
9DPSD
UHSOLHGWKHVKHSKHUGZLWKWKHVDPHDLUDVKHZRXOG
KDYHUHSOLHG$OH[DQGHU.LQJRI0DFHGRQC$QG\RXUV"

C,
VDLGWKHWUDYHOOHUCDPFDOOHG6LQEDGWKH6DLORU

)UDQ]G
(SLQD\VWDUWHGZLWKVXUSULVH
6LQEDGWKH6DLORUKHVDLG
<HVUHSOLHGWKHQDUUDWRUWKDWZDVWKHQDPHZKLFKWKH
WUDYHOOHUJDYHWR9DPSDDVKLVRZQ
:HOODQGZKDWPD\\RXKDYHWRVD\DJDLQVWWKLVQDPH"
LQTXLUHG$OEHUWLWLVDYHU\SUHWW\QDPHDQGWKH
DGYHQWXUHVRIWKHJHQWOHPDQRIWKDWQDPHDPXVHGPHYHU\PXFK
LQP\\RXWK,PXVWFRQIHVV)UDQ]VDLGQRPRUH7KH
QDPHRI6LQEDGWKH6DLORUDVPD\ZHOOEHVXSSRVHGDZDNHQHG
LQKLPDZRUOGRIUHFROOHFWLRQVDVKDGWKHQDPHRIWKH
&RXQWRI0RQWH&ULVWRRQWKHSUHYLRXVHYHQLQJ
3URFHHGVDLGKHWRWKHKRVW
9DPSDSXWWKHWZRVHTXLQVKDXJKWLO\LQWRKLVSRFNHWDQG
VORZO\UHWXUQHGE\WKHZD\KHKDGJRQH$VKHFDPHZLWKLQ
WZRRUWKUHHKXQGUHGSDFHVRIWKHJURWWRKHWKRXJKWKH
KHDUGDFU\+HOLVWHQHGWRNQRZZKHQFHWKLVVRXQGFRXOG
SURFHHG$PRPHQWDIWHUZDUGVKHWKRXJKWKHKHDUGKLVRZQ
QDPHSURQRXQFHGGLVWLQFWO\7KHFU\SURFHHGHGIURPWKH
JURWWR+HERXQGHGOLNHDFKDPRLVFRFNLQJKLVFDUELQHDVKH
ZHQWDQGLQDPRPHQWUHDFKHGWKHVXPPLWRIDKLOORSSRVLWH
WRWKDWRQZKLFKKHKDGSHUFHLYHGWKHWUDYHOOHU7KUHHFULHV
IRUKHOSFDPHPRUHGLVWLQFWO\WRKLVHDU+HFDVWKLVH\HV
DURXQGKLPDQGVDZDPDQFDUU\LQJRII7HUHVDDV1HVVXVWKH
FHQWDXUFDUULHG'HMDQLUD7KLVPDQZKRZDVKDVWHQLQJ
WRZDUGVWKHZRRGZDVDOUHDG\WKUHHTXDUWHUVRIWKHZD\RQ
WKHURDGIURPWKHJURWWRWRWKHIRUHVW9DPSDPHDVXUHGWKH
GLVWDQFHWKHPDQZDVDWOHDVWWZRKXQGUHGSDFHVLQDGYDQFH
RIKLPDQGWKHUHZDVQRWDFKDQFHRIRYHUWDNLQJKLP7KH
\RXQJVKHSKHUGVWRSSHGDVLIKLVIHHWKDGEHHQURRWHGWR
WKHJURXQGWKHQKHSXWWKHEXWWRIKLVFDUELQHWRKLV
VKRXOGHUWRRNDLPDWWKHUDYLVKHUIROORZHGKLPIRUD
VHFRQGLQKLVWUDFNDQGWKHQILUHG7KHUDYLVKHUVWRSSHG
VXGGHQO\KLVNQHHVEHQWXQGHUKLPDQGKHIHOOZLWK7HUHVD

392

LQKLVDUPV7KH\RXQJJLUOURVHLQVWDQWO\EXWWKHPDQOD\
RQWKHHDUWKVWUXJJOLQJLQWKHDJRQLHVRIGHDWK9DPSDWKHQ
UXVKHGWRZDUGV7HUHVDIRUDWWHQSDFHVIURPWKHG\LQJPDQ
KHUOHJVKDGIDLOHGKHUDQGVKHKDGGURSSHGRQKHUNQHHV
VRWKDWWKH\RXQJPDQIHDUHGWKDWWKHEDOOWKDWKDGEURXJKW
GRZQKLVHQHP\KDGDOVRZRXQGHGKLVEHWURWKHG)RUWXQDWHO\
VKHZDVXQVFDWKHGDQGLWZDVIULJKWDORQHWKDWKDGRYHUFRPH
7HUHVD:KHQ/XLJLKDGDVVXUHGKLPVHOIWKDWVKHZDVVDIHDQG
XQKDUPHGKHWXUQHGWRZDUGVWKHZRXQGHGPDQ+HKDGMXVW
H[SLUHGZLWKFOLQFKHGKDQGVKLVPRXWKLQDVSDVPRIDJRQ\
DQGKLVKDLURQHQGLQWKHVZHDWRIGHDWK+LVH\HVUHPDLQHG
RSHQDQGPHQDFLQJ9DPSDDSSURDFKHGWKHFRUSVHDQG
UHFRJQL]HG&XFXPHWWR)URPWKHGD\RQZKLFKWKHEDQGLWKDG
EHHQVDYHGE\WKHWZR\RXQJSHDVDQWVKHKDGEHHQHQDPRXUHG
RI7HUHVDDQGKDGVZRUQVKHVKRXOGEHKLV)URPWKDWWLPH
KHKDGZDWFKHGWKHPDQGSURILWLQJE\WKHPRPHQWZKHQKHU
ORYHUKDGOHIWKHUDORQHKDGFDUULHGKHURIIDQGEHOLHYHG
KHDWOHQJWKKDGKHULQKLVSRZHUZKHQWKHEDOOGLUHFWHG
E\WKHXQHUULQJVNLOORIWKH\RXQJKHUGVPDQKDGSLHUFHGKLV
KHDUW9DPSDJD]HGRQKLPIRUDPRPHQWZLWKRXWEHWUD\LQJWKH
VOLJKWHVWHPRWLRQZKLOHRQWKHFRQWUDU\7HUHVD
VKXGGHULQJLQHYHU\OLPEGDUHGQRWDSSURDFKWKHVODLQ
UXIILDQEXWE\GHJUHHVDQGWKUHZDKHVLWDWLQJJODQFHDWWKH
GHDGERG\RYHUWKHVKRXOGHURIKHUORYHU6XGGHQO\9DPSD
WXUQHGWRZDUGKLVPLVWUHVVC$K
VDLGKHCJRRGJRRG
<RXDUHGUHVVHGLWLVQRZP\WXUQWRGUHVVP\VHOI

7HUHVDZDVFORWKHGIURPKHDGWRIRRWLQWKHJDUERIWKH
&RXQWRI6DQ)HOLFH
VGDXJKWHU9DPSDWRRN&XFXPHWWR
VERG\
LQKLVDUPVDQGFRQYH\HGLWWRWKHJURWWRZKLOHLQKHUWXUQ
7HUHVDUHPDLQHGRXWVLGH,IDVHFRQGWUDYHOOHUKDGSDVVHG
KHZRXOGKDYHVHHQDVWUDQJHWKLQJDVKHSKHUGHVV
ZDWFKLQJKHUIORFNFODGLQDFDVKPHUHJURZQZLWKHDUULQJV
DQGQHFNODFHRISHDUOVGLDPRQGSLQVDQGEXWWRQVRI
VDSSKLUHVHPHUDOGVDQGUXELHV+HZRXOGQRGRXEWKDYH
EHOLHYHGWKDWKHKDGUHWXUQHGWRWKHWLPHVRI)ORULDQDQG
ZRXOGKDYHGHFODUHGRQUHDFKLQJ3DULVWKDWKHKDGPHWDQ
$OSLQHVKHSKHUGHVVVHDWHGDWWKHIRRWRIWKH6DELQH+LOO$W
WKHHQGRIDTXDUWHURIDQKRXU9DPSDTXLWWHGWKHJURWWR
KLVFRVWXPHZDVQROHVVHOHJDQWWKDQWKDWRI7HUHVD+HZRUH
DYHVWRIJDUQHWFRORUHGYHOYHWZLWKEXWWRQVRIFXWJROGD
VLONZDLVWFRDWFRYHUHGZLWKHPEURLGHU\D5RPDQVFDUIWLHG
URXQGKLVQHFNDFDUWULGJHER[ZRUNHGZLWKJROGDQGUHG
DQGJUHHQVLONVN\EOXHYHOYHWEUHHFKHVIDVWHQHGDERYHWKH

393

NQHHZLWKGLDPRQGEXFNOHVJDUWHUVRIGHHUVNLQZRUNHGZLWK
DWKRXVDQGDUDEHVTXHVDQGDKDWZKHUHRQKXQJULEERQVRIDOO
FRORUVWZRZDWFKHVKXQJIURPKLVJLUGOHDQGDVSOHQGLG
SRQLDUGZDVLQKLVEHOW7HUHVDXWWHUHGDFU\RIDGPLUDWLRQ
9DPSDLQWKLVDWWLUHUHVHPEOHGDSDLQWLQJE\/HRSROG5REHUW
RU6FKQHW]+HKDGDVVXPHGWKHHQWLUHFRVWXPHRI&XFXPHWWR
7KH\RXQJPDQVDZWKHHIIHFWSURGXFHGRQKLVEHWURWKHGDQG
DVPLOHRISULGHSDVVHGRYHUKLVOLSVC1RZ
KHVDLGWR
7HUHVDCDUH\RXUHDG\WRVKDUHP\IRUWXQHZKDWHYHULWPD\
EH"
C2K\HV
H[FODLPHGWKH\RXQJJLUO
HQWKXVLDVWLFDOO\C$QGIROORZPHZKHUHYHU,JR"
C7R
WKHZRUOG
VHQG
C7KHQWDNHP\DUPDQGOHWXVRQZH
KDYHQRWLPHWRORVH
7KH\RXQJJLUOGLGVRZLWKRXW
TXHVWLRQLQJKHUORYHUDVWRZKHUHKHZDVFRQGXFWLQJKHUIRU
KHDSSHDUHGWRKHUDWWKLVPRPHQWDVKDQGVRPHSURXGDQG
SRZHUIXODVDJRG7KH\ZHQWWRZDUGVWKHIRUHVWDQGVRRQ
HQWHUHGLW:HQHHGVFDUFHO\VD\WKDWDOOWKHSDWKVRIWKH
PRXQWDLQZHUHNQRZQWR9DPSDKHWKHUHIRUHZHQWIRUZDUG
ZLWKRXWDPRPHQW
VKHVLWDWLRQDOWKRXJKWKHUHZDVQREHDWHQ
WUDFNEXWKHNQHZKLVSDWKE\ORRNLQJDWWKHWUHHVDQG
EXVKHVDQGWKXVWKH\NHSWRQDGYDQFLQJIRUQHDUO\DQKRXU
DQGDKDOI$WWKHHQGRIWKLVWLPHWKH\KDGUHDFKHGWKH
WKLFNHVWRIWKHIRUHVW$WRUUHQWZKRVHEHGZDVGU\OHG
LQWRDGHHSJRUJH9DPSDWRRNWKLVZLOGURDGZKLFK
HQFORVHGEHWZHHQWZRULGJHVDQGVKDGRZHGE\WKHWXIWHG
XPEUDJHRIWKHSLQHVVHHPHGEXWIRUWKHGLIILFXOWLHVRI
LWVGHVFHQWWKDWSDWKWR$YHUQXVRIZKLFK9LUJLOVSHDNV
7HUHVDKDGEHFRPHDODUPHGDWWKHZLOGDQGGHVHUWHGORRNRI
WKHSODLQDURXQGKHUDQGSUHVVHGFORVHO\DJDLQVWKHUJXLGH
QRWXWWHULQJDV\OODEOHEXWDVVKHVDZKLPDGYDQFHZLWK
HYHQVWHSDQGFRPSRVHGFRXQWHQDQFHVKHHQGHDYRUHGWR
UHSUHVVKHUHPRWLRQ6XGGHQO\DERXWWHQSDFHVIURPWKHPD
PDQDGYDQFHGIURPEHKLQGDWUHHDQGDLPHGDW9DPSDC1RW
DQRWKHUVWHS
KHVDLGCRU\RXDUHDGHDGPDQ
C:KDW
WKHQ
VDLG9DPSDUDLVLQJKLVKDQGZLWKDJHVWXUHRI
GLVGDLQZKLOH7HUHVDQRORQJHUDEOHWRUHVWUDLQKHUDODUP
FOXQJFORVHO\WRKLPCGRZROYHVUHQGHDFKRWKHU"
C:KR
DUH\RX"
LQTXLUHGWKHVHQWLQHOC,DP/XLJL9DPSD
VKHSKHUGRIWKH6DQ)HOLFHIDUP
C:KDWGR\RXZDQW"

C,ZRXOGVSHDNZLWK\RXUFRPSDQLRQVZKRDUHLQWKHJODGHDW
5RFFD%LDQFD
C)ROORZPHWKHQ
VDLGWKHVHQWLQHOCRU
DV\RXNQRZ\RXUZD\JRILUVW
9DPSDVPLOHG
GLVGDLQIXOO\DWWKLVSUHFDXWLRQRQWKHSDUWRIWKHEDQGLW
ZHQWEHIRUH7HUHVDDQGFRQWLQXHGWRDGYDQFHZLWKWKHVDPH

394

ILUPDQGHDV\VWHSDVEHIRUH$WWKHHQGRIWHQPLQXWHVWKH
EDQGLWPDGHWKHPDVLJQWRVWRS7KHWZR\RXQJSHUVRQV
REH\HG7KHQWKHEDQGLWWKULFHLPLWDWHGWKHFU\RIDFURZD
FURDNDQVZHUHGWKLVVLJQDOC*RRG
VDLGWKHVHQWU\C\RX
PD\QRZJRRQ
/XLJLDQG7HUHVDDJDLQVHWIRUZDUGDV
WKH\ZHQWRQ7HUHVDFOXQJWUHPEOLQJO\WRKHUORYHUDWWKH
VLJKWRIZHDSRQVDQGWKHJOLVWHQLQJRIFDUELQHVWKURXJKWKH
WUHHV7KHUHWUHDWRI5RFFD%LDQFDZDVDWWKHWRSRIDVPDOO
PRXQWDLQZKLFKQRGRXEWLQIRUPHUGD\VKDGEHHQDYROFDQR
DQH[WLQFWYROFDQREHIRUHWKHGD\VZKHQ5HPXVDQG5RPXOXV
KDGGHVHUWHG$OEDWRFRPHDQGIRXQGWKHFLW\RI5RPH7HUHVD
DQG/XLJLUHDFKHGWKHVXPPLWDQGDOODWRQFHIRXQG
WKHPVHOYHVLQWKHSUHVHQFHRIWZHQW\EDQGLWVC+HUHLVD
\RXQJPDQZKRVHHNVDQGZLVKHVWRVSHDNWR\RX
VDLGWKH
VHQWLQHOC:KDWKDVKHWRVD\"
LQTXLUHGWKH\RXQJPDQ
ZKRZDVLQFRPPDQGLQWKHFKLHI
VDEVHQFHC,ZLVKWRVD\
WKDW,DPWLUHGRIDVKHSKHUG
VOLIH
ZDV9DPSD
VUHSO\
C$K,XQGHUVWDQG
VDLGWKHOLHXWHQDQWCDQG\RXVHHN
DGPLWWDQFHLQWRRXUUDQNV"
C:HOFRPH
FULHGVHYHUDO
EDQGLWVIURP)HUUXVLQR3DPSLQDUDDQG$QDJQLZKRKDG
UHFRJQL]HG/XLJL9DPSDC<HVEXW,FDPHWRDVNVRPHWKLQJ
PRUHWKDQWREH\RXUFRPSDQLRQ
C$QGZKDWPD\WKDWEH"

LQTXLUHGWKHEDQGLWVZLWKDVWRQLVKPHQWC,FRPHWRDVNWR
EH\RXUFDSWDLQ
VDLGWKH\RXQJPDQ7KHEDQGLWVVKRXWHG
ZLWKODXJKWHUC$QGZKDWKDYH\RXGRQHWRDVSLUHWRWKLV
KRQRU"
GHPDQGHGWKHOLHXWHQDQWC,KDYHNLOOHG\RXU
FKLHI&XFXPHWWRZKRVHGUHVV,QRZZHDUDQG,VHWILUHWR
WKHYLOOD6DQ)HOLFHWRSURFXUHDZHGGLQJGUHVVIRUP\
EHWURWKHG
$QKRXUDIWHUZDUGV/XLJL9DPSDZDVFKRVHQ
FDSWDLQYLFH&XFXPHWWRGHFHDVHG
:HOOP\GHDU$OEHUWVDLG)UDQ]WXUQLQJWRZDUGVKLV
IULHQGZKDWWKLQN\RXRIFLWL]HQ/XLJL9DPSD"
,VD\KHLVDP\WKUHSOLHG$OEHUWDQGQHYHUKDGDQ
H[LVWHQFH
$QGZKDWPD\DP\WKEH"LQTXLUHG3DVWULQL
7KHH[SODQDWLRQZRXOGEHWRRORQJP\GHDUODQGORUG
UHSOLHG)UDQ]
$QG\RXVD\WKDW6LJQRU9DPSDH[HUFLVHVKLVSURIHVVLRQDW
WKLVPRPHQWLQWKHHQYLURQVRI5RPH"

395

$QGZLWKDEROGQHVVRIZKLFKQREDQGLWEHIRUHKLPHYHUJDYH
DQH[DPSOH
7KHQWKHSROLFHKDYHYDLQO\WULHGWROD\KDQGVRQKLP"
:K\\RXVHHKHKDVDJRRGXQGHUVWDQGLQJZLWKWKH
VKHSKHUGVLQWKHSODLQVWKHILVKHUPHQRIWKH7LEHUDQGWKH
VPXJJOHUVRIWKHFRDVW7KH\VHHNIRUKLPLQWKHPRXQWDLQV
DQGKHLVRQWKHZDWHUVWKH\IROORZKLPRQWKHZDWHUVDQG
KHLVRQWKHRSHQVHDWKHQWKH\SXUVXHKLPDQGKHKDV
VXGGHQO\WDNHQUHIXJHLQWKHLVODQGVDW*LJOLR*XDQRXWL
RU0RQWH&ULVWRDQGZKHQWKH\KXQWIRUKLPWKHUHKH
UHDSSHDUVVXGGHQO\DW$OEDQR7LYROLRU/D5LFFLD
$QGKRZGRHVKHEHKDYHWRZDUGVWUDYHOOHUV"
$ODVKLVSODQLVYHU\VLPSOH,WGHSHQGVRQWKHGLVWDQFH
KHPD\EHIURPWKHFLW\ZKHWKHUKHJLYHVHLJKWKRXUV
WZHOYHKRXUVRUDGD\ZKHUHLQWRSD\WKHLUUDQVRPDQGZKHQ
WKDWWLPHKDVHODSVHGKHDOORZVDQRWKHUKRXU
VJUDFH$WWKH
VL[WLHWKPLQXWHRIWKLVKRXULIWKHPRQH\LVQRW
IRUWKFRPLQJKHEORZVRXWWKHSULVRQHU
VEUDLQVZLWKD
SLVWROVKRWRUSODQWVKLVGDJJHULQKLVKHDUWDQGWKDW
VHWWOHVWKHDFFRXQW
:HOO$OEHUWLQTXLUHG)UDQ]RIKLVFRPSDQLRQDUH\RX
VWLOOGLVSRVHGWRJRWRWKH&RORVVHXPE\WKHRXWHUZDOO"
4XLWHVRVDLG$OEHUWLIWKHZD\EHSLFWXUHVTXH7KH
FORFNVWUXFNQLQHDVWKHGRRURSHQHGDQGDFRDFKPDQ
DSSHDUHG([FHOOHQFLHVVDLGKHWKHFRDFKLVUHDG\
:HOOWKHQVDLG)UDQ]OHWXVWRWKH&RORVVHXP
%\WKH3RUWDGHO3RSRORRUE\WKHVWUHHWV\RXU
H[FHOOHQFLHV"
%\WKHVWUHHWVPRUEOHXE\WKHVWUHHWVFULHG)UDQ]
$KP\GHDUIHOORZVDLG$OEHUWULVLQJDQGOLJKWLQJKLV
WKLUGFLJDUUHDOO\,WKRXJKW\RXKDGPRUHFRXUDJH6R
VD\LQJWKHWZR\RXQJPHQZHQWGRZQWKHVWDLUFDVHDQGJRW
LQWRWKHFDUULDJH

396

&KDSWHU
7KH&RORVVHXP
)UDQ]KDGVRPDQDJHGKLVURXWHWKDWGXULQJWKHULGHWRWKH
&RORVVHXPWKH\SDVVHGQRWDVLQJOHDQFLHQWUXLQVRWKDWQR
SUHOLPLQDU\LPSUHVVLRQLQWHUIHUHGWRPLWLJDWHWKHFRORVVDO
SURSRUWLRQVRIWKHJLJDQWLFEXLOGLQJWKH\FDPHWRDGPLUH
7KHURDGVHOHFWHGZDVDFRQWLQXDWLRQRIWKH9LD6LVWLQD
WKHQE\FXWWLQJRIIWKHULJKWDQJOHRIWKHVWUHHWLQZKLFK
VWDQGV6DQWD0DULD0DJJLRUHDQGSURFHHGLQJE\WKH9LD8UEDQD
DQG6DQ3LHWURLQ9LQFROLWKHWUDYHOOHUVZRXOGILQG
WKHPVHOYHVGLUHFWO\RSSRVLWHWKH&RORVVHXP7KLVLWLQHUDU\
SRVVHVVHGDQRWKHUJUHDWDGYDQWDJHWKDWRIOHDYLQJ)UDQ]
DWIXOOOLEHUW\WRLQGXOJHKLVGHHSUHYHULHXSRQWKHVXEMHFW
RI6LJQRU3DVWULQL
VVWRU\LQZKLFKKLVP\VWHULRXVKRVWRI
0RQWH&ULVWRZDVVRVWUDQJHO\PL[HGXS6HDWHGZLWKIROGHG
DUPVLQDFRUQHURIWKHFDUULDJHKHFRQWLQXHGWRSRQGHU
RYHUWKHVLQJXODUKLVWRU\KHKDGVRODWHO\OLVWHQHGWRDQG
WRDVNKLPVHOIDQLQWHUPLQDEOHQXPEHURITXHVWLRQVWRXFKLQJ
LWVYDULRXVFLUFXPVWDQFHVZLWKRXWKRZHYHUDUULYLQJDWD
VDWLVIDFWRU\UHSO\WRDQ\RIWKHP2QHIDFWPRUHWKDQWKH
UHVWEURXJKWKLVIULHQG6LQEDGWKH6DLORUEDFNWRKLV
UHFROOHFWLRQDQGWKDWZDVWKHP\VWHULRXVVRUWRILQWLPDF\
WKDWVHHPHGWRH[LVWEHWZHHQWKHEULJDQGVDQGWKHVDLORUV
DQG3DVWULQL
VDFFRXQWRI9DPSD
VKDYLQJIRXQGUHIXJHRQ
ERDUGWKHYHVVHOVRIVPXJJOHUVDQGILVKHUPHQUHPLQGHG)UDQ]
RIWKHWZR&RUVLFDQEDQGLWVKHKDGIRXQGVXSSLQJVRDPLFDEO\
ZLWKWKHFUHZRIWKHOLWWOH\DFKWZKLFKKDGHYHQGHYLDWHG
IURPLWVFRXUVHDQGWRXFKHGDW3RUWR9HFFKLRIRUWKHVROH
SXUSRVHRIODQGLQJWKHP7KHYHU\QDPHDVVXPHGE\KLVKRVW
RI0RQWH&ULVWRDQGDJDLQUHSHDWHGE\WKHODQGORUGRIWKH
+RWHOGH/RQGUHVDEXQGDQWO\SURYHGWRKLPWKDWKLVLVODQG
IULHQGZDVSOD\LQJKLVSKLODQWKURSLFSDUWRQWKHVKRUHVRI
3LRPELQR&LYLWD9HFFKLR2VWLDDQG*DHWDDVRQWKRVHRI
&RUVLFD7XVFDQ\DQG6SDLQDQGIXUWKHU)UDQ]EHWKRXJKW
KLPRIKDYLQJKHDUGKLVVLQJXODUHQWHUWDLQHUVSHDNERWKRI
7XQLVDQG3DOHUPRSURYLQJWKHUHE\KRZODUJHO\KLVFLUFOHRI
DFTXDLQWDQFHVH[WHQGHG
%XWKRZHYHUWKHPLQGRIWKH\RXQJPDQPLJKWKHDEVRUEHGLQ
WKHVHUHIOHFWLRQVWKH\ZHUHDWRQFHGLVSHUVHGDWWKHVLJKW

397

RIWKHGDUNIURZQLQJUXLQVRIWKHVWXSHQGRXV&RORVVHXP
WKURXJKWKHYDULRXVRSHQLQJVRIZKLFKWKHSDOHPRRQOLJKW
SOD\HGDQGIOLFNHUHGOLNHWKHXQHDUWKO\JOHDPIURPWKHH\HV
RIWKHZDQGHULQJGHDG7KHFDUULDJHVWRSSHGQHDUWKH0HWD
6XGDQVWKHGRRUZDVRSHQHGDQGWKH\RXQJPHQHDJHUO\
DOLJKWLQJIRXQGWKHPVHOYHVRSSRVLWHDFLFHURQHZKR
DSSHDUHGWRKDYHVSUXQJXSIURPWKHJURXQGVRXQH[SHFWHG
ZDVKLVDSSHDUDQFH
7KHXVXDOJXLGHIURPWKHKRWHOKDYLQJIROORZHGWKHPWKH\
KDGSDLGWZRFRQGXFWRUVQRULVLWSRVVLEOHDW5RPHWR
DYRLGWKLVDEXQGDQWVXSSO\RIJXLGHVEHVLGHVWKHRUGLQDU\
FLFHURQHZKRVHL]HVXSRQ\RXGLUHFWO\\RXVHWIRRWLQ\RXU
KRWHODQGQHYHUTXLWV\RXZKLOH\RXUHPDLQLQWKHFLW\
WKHUHLVDOVRDVSHFLDOFLFHURQHEHORQJLQJWRHDFKPRQXPHQW
QD\DOPRVWWRHDFKSDUWRIDPRQXPHQW,WPD\
WKHUHIRUHEHHDVLO\LPDJLQHGWKHUHLVQRVFDUFLW\RIJXLGHV
DWWKH&RORVVHXPWKDWZRQGHURIDOODJHVZKLFK0DUWLDO
WKXVHXORJL]HV/HW0HPSKLVFHDVHWRERDVWWKHEDUEDURXV
PLUDFOHVRIKHUS\UDPLGVDQGWKHZRQGHUVRI%DE\ORQEH
WDONHGRIQRPRUHDPRQJXVDOOPXVWERZWRWKHVXSHULRULW\
RIWKHJLJDQWLFODERURIWKH&DHVDUVDQGWKHPDQ\YRLFHVRI
)DPHVSUHDGIDUDQGZLGHWKHVXUSDVVLQJPHULWVRIWKLV
LQFRPSDUDEOHPRQXPHQW
$VIRU$OEHUWDQG)UDQ]WKH\HVVD\HGQRWWRHVFDSHIURP
WKHLUFLFHURQLDQW\UDQWVDQGLQGHHGLWZRXOGKDYHEHHQVR
PXFKWKHPRUHGLIILFXOWWREUHDNWKHLUERQGDJHDVWKH
JXLGHVDORQHDUHSHUPLWWHGWRYLVLWWKHVHPRQXPHQWVZLWK
WRUFKHVLQWKHLUKDQGV7KXVWKHQWKH\RXQJPHQPDGHQR
DWWHPSWDWUHVLVWDQFHEXWEOLQGO\DQGFRQILGLQJO\
VXUUHQGHUHGWKHPVHOYHVLQWRWKHFDUHDQGFXVWRG\RIWKHLU
FRQGXFWRUV$OEHUWKDGDOUHDG\PDGHVHYHQRUHLJKWVLPLODU
H[FXUVLRQVWRWKH&RORVVHXPZKLOHKLVOHVVIDYRUHG
FRPSDQLRQWURGIRUWKHILUVWWLPHLQKLVOLIHWKHFODVVLF
JURXQGIRUPLQJWKHPRQXPHQWRI)ODYLXV9HVSDVLDQDQGWR
KLVFUHGLWEHLWVSRNHQKLVPLQGHYHQDPLGWKHJOLE
ORTXDFLW\RIWKHJXLGHVZDVGXO\DQGGHHSO\WRXFKHGZLWK
DZHDQGHQWKXVLDVWLFDGPLUDWLRQRIDOOKHVDZDQGFHUWDLQO\
QRDGHTXDWHQRWLRQRIWKHVHVWXSHQGRXVUXLQVFDQEHIRUPHG
VDYHE\VXFKDVKDYHYLVLWHGWKHPDQGPRUHHVSHFLDOO\E\
PRRQOLJKWDWZKLFKWLPHWKHYDVWSURSRUWLRQVRIWKH
EXLOGLQJDSSHDUWZLFHDVODUJHZKHQYLHZHGE\WKHP\VWHULRXV
EHDPVRIDVRXWKHUQPRRQOLWVN\ZKRVHUD\VDUHVXIILFLHQWO\

398

FOHDUDQGYLYLGWROLJKWWKHKRUL]RQZLWKDJORZHTXDOWR
WKHVRIWWZLOLJKWRIDQHDVWHUQFOLPH6FDUFHO\WKHUHIRUH
KDGWKHUHIOHFWLYH)UDQ]ZDONHGDKXQGUHGVWHSVEHQHDWKWKH
LQWHULRUSRUWLFRHVRIWKHUXLQWKDQDEDQGRQLQJ$OEHUWWR
WKHJXLGHV ZKRZRXOGE\QRPHDQV\LHOGWKHLUSUHVFULSWLYH
ULJKWRIFDUU\LQJWKHLUYLFWLPVWKURXJKWKHURXWLQH
UHJXODUO\ODLGGRZQDQGDVUHJXODUO\IROORZHGE\WKHPEXW
GUDJJHGWKHXQFRQVFLRXVYLVLWRUWRWKHYDULRXVREMHFWVZLWK
DSHUWLQDFLW\WKDWDGPLWWHGRIQRDSSHDOEHJLQQLQJDVD
PDWWHURIFRXUVHZLWKWKH/LRQV
'HQDQGILQLVKLQJZLWK
&DHVDU
V3RGLXP WRHVFDSHDMDUJRQDQGPHFKDQLFDO
VXUYH\RIWKHZRQGHUVE\ZKLFKKHZDVVXUURXQGHG)UDQ]
DVFHQGHGDKDOIGLODSLGDWHGVWDLUFDVHDQGOHDYLQJWKHPWR
IROORZWKHLUPRQRWRQRXVURXQGVHDWHGKLPVHOIDWWKHIRRWRI
DFROXPQDQGLPPHGLDWHO\RSSRVLWHDODUJHDSHUWXUHZKLFK
SHUPLWWHGKLPWRHQMR\DIXOODQGXQGLVWXUEHGYLHZRIWKH
JLJDQWLFGLPHQVLRQVRIWKHPDMHVWLFUXLQ
)UDQ]KDGUHPDLQHGIRUQHDUO\DTXDUWHURIDQKRXUSHUIHFWO\
KLGGHQE\WKHVKDGRZRIWKHYDVWFROXPQDWZKRVHEDVHKHKDG
IRXQGDUHVWLQJSODFHDQGIURPZKHQFHKLVH\HVIROORZHGWKH
PRWLRQVRI$OEHUWDQGKLVJXLGHVZKRKROGLQJWRUFKHVLQ
WKHLUKDQGVKDGHPHUJHGIURPDYRPLWDULXPDWWKHRSSRVLWH
H[WUHPLW\RIWKH&RORVVHXPDQGWKHQDJDLQGLVDSSHDUHGGRZQ
WKHVWHSVFRQGXFWLQJWRWKHVHDWVUHVHUYHGIRUWKH9HVWDO
YLUJLQVUHVHPEOLQJDVWKH\JOLGHGDORQJVRPHUHVWOHVV
VKDGHVIROORZLQJWKHIOLFNHULQJJODUHRIVRPDQ\
LJQHVIDWXL$OODWRQFHKLVHDUFDXJKWDVRXQGUHVHPEOLQJ
WKDWRIDVWRQHUROOLQJGRZQWKHVWDLUFDVHRSSRVLWHWKHRQH
E\ZKLFKKHKDGKLPVHOIDVFHQGHG7KHUHZDVQRWKLQJ
UHPDUNDEOHLQWKHFLUFXPVWDQFHRIDIUDJPHQWRIJUDQLWH
JLYLQJZD\DQGIDOOLQJKHDYLO\EHORZEXWLWVHHPHGWRKLP
WKDWWKHVXEVWDQFHWKDWIHOOJDYHZD\EHQHDWKWKHSUHVVXUH
RIDIRRWDQGDOVRWKDWVRPHRQHZKRHQGHDYRUHGDVPXFKDV
SRVVLEOHWRSUHYHQWKLVIRRWVWHSVIURPEHLQJKHDUGZDV
DSSURDFKLQJWKHVSRWZKHUHKHVDW&RQMHFWXUHVRRQEHFDPH
FHUWDLQW\IRUWKHILJXUHRIDPDQZDVGLVWLQFWO\YLVLEOHWR
)UDQ]JUDGXDOO\HPHUJLQJIURPWKHVWDLUFDVHRSSRVLWHXSRQ
ZKLFKWKHPRRQZDVDWWKDWPRPHQWSRXULQJDIXOOWLGHRI
VLOYHU\EULJKWQHVV
7KHVWUDQJHUWKXVSUHVHQWLQJKLPVHOIZDVSUREDEO\DSHUVRQ
ZKROLNH)UDQ]SUHIHUUHGWKHHQMR\PHQWRIVROLWXGHDQGKLV
RZQWKRXJKWVWRWKHIULYRORXVJDEEOHRIWKHJXLGHV$QGKLV

399

DSSHDUDQFHKDGQRWKLQJH[WUDRUGLQDU\LQLWEXWWKH
KHVLWDWLRQZLWKZKLFKKHSURFHHGHGVWRSSLQJDQGOLVWHQLQJ
ZLWKDQ[LRXVDWWHQWLRQDWHYHU\VWHSKHWRRNFRQYLQFHG
)UDQ]WKDWKHH[SHFWHGWKHDUULYDORIVRPHSHUVRQ%\DVRUW
RILQVWLQFWLYHLPSXOVH)UDQ]ZLWKGUHZDVPXFKDVSRVVLEOH
EHKLQGKLVSLOODU$ERXWWHQIHHWIURPWKHVSRWZKHUHKHDQG
WKHVWUDQJHUZHUHWKHURRIKDGJLYHQZD\OHDYLQJDODUJH
URXQGRSHQLQJWKURXJKZKLFKPLJKWEHVHHQWKHEOXHYDXOWRI
KHDYHQWKLFNO\VWXGGHGZLWKVWDUV$URXQGWKLVRSHQLQJ
ZKLFKKDGSRVVLEO\IRUDJHVSHUPLWWHGDIUHHHQWUDQFHWR
WKHEULOOLDQWPRRQEHDPVWKDWQRZLOOXPLQHGWKHYDVWSLOH
JUHZDTXDQWLW\RIFUHHSLQJSODQWVZKRVHGHOLFDWHJUHHQ
EUDQFKHVVWRRGRXWLQEROGUHOLHIDJDLQVWWKHFOHDUD]XUHRI
WKHILUPDPHQWZKLOHODUJHPDVVHVRIWKLFNVWURQJILEURXV
VKRRWVIRUFHGWKHLUZD\WKURXJKWKHFKDVPDQGKXQJIORDWLQJ
WRDQGIUROLNHVRPDQ\ZDYLQJVWULQJV7KHSHUVRQZKRVH
P\VWHULRXVDUULYDOKDGDWWUDFWHGWKHDWWHQWLRQRI)UDQ]
VWRRGLQDNLQGRIKDOIOLJKWWKDWUHQGHUHGLWLPSRVVLEOH
WRGLVWLQJXLVKKLVIHDWXUHVDOWKRXJKKLVGUHVVZDVHDVLO\
PDGHRXW+HZRUHDODUJHEURZQPDQWOHRQHIROGRIZKLFK
WKURZQRYHUKLVOHIWVKRXOGHUVHUYHGOLNHZLVHWRPDVNWKH
ORZHUSDUWRIKLVFRXQWHQDQFHZKLOHWKHXSSHUSDUWZDV
FRPSOHWHO\KLGGHQE\KLVEURDGEULPPHGKDW7KHORZHUSDUW
RIKLVGUHVVZDVPRUHGLVWLQFWO\YLVLEOHE\WKHEULJKWUD\V
RIWKHPRRQZKLFKHQWHULQJWKURXJKWKHEURNHQFHLOLQJ
VKHGWKHLUUHIXOJHQWEHDPVRQIHHWFDVHGLQHOHJDQWO\PDGH
ERRWVRISROLVKHGOHDWKHURYHUZKLFKGHVFHQGHGIDVKLRQDEO\
FXWWURXVHUVRIEODFNFORWK
)URPWKHLPSHUIHFWPHDQV)UDQ]KDGRIMXGJLQJKHFRXOGRQO\
FRPHWRRQHFRQFOXVLRQWKDWWKHSHUVRQZKRPKHZDVWKXV
ZDWFKLQJFHUWDLQO\EHORQJHGWRQRLQIHULRUVWDWLRQRIOLIH
6RPHIHZPLQXWHVKDGHODSVHGDQGWKHVWUDQJHUEHJDQWRVKRZ
PDQLIHVWVLJQVRILPSDWLHQFHZKHQDVOLJKWQRLVHZDVKHDUG
RXWVLGHWKHDSHUWXUHLQWKHURRIDQGDOPRVWLPPHGLDWHO\D
GDUNVKDGRZVHHPHGWRREVWUXFWWKHIORRGRIOLJKWWKDWKDG
HQWHUHGLWDQGWKHILJXUHRIDPDQZDVFOHDUO\VHHQJD]LQJ
ZLWKHDJHUVFUXWLQ\RQWKHLPPHQVHVSDFHEHQHDWKKLPWKHQ
DVKLVH\HFDXJKWVLJKWRIKLPLQWKHPDQWOHKHJUDVSHGD
IORDWLQJPDVVRIWKLFNO\PDWWHGERXJKVDQGJOLGHGGRZQE\
WKHLUKHOSWRZLWKLQWKUHHRUIRXUIHHWRIWKHJURXQGDQG
WKHQOHDSHGOLJKWO\RQKLVIHHW7KHPDQZKRKDGSHUIRUPHG
WKLVGDULQJDFWZLWKVRPXFKLQGLIIHUHQFHZRUHWKH
7UDQVWHYHUHFRVWXPH,EHJ\RXUH[FHOOHQF\
VSDUGRQIRU

400

NHHSLQJ\RXZDLWLQJVDLGWKHPDQLQWKH5RPDQGLDOHFW
EXW,GRQ
WWKLQN,
PPDQ\PLQXWHVDIWHUP\WLPHWHQ
R
FORFNKLVMXVWVWUXFNRQWKH/DWHUDQ
6D\QRWDZRUGDERXWEHLQJODWHUHSOLHGWKHVWUDQJHULQ
SXUHVW7XVFDQ
WLV,ZKRDPWRRVRRQ%XWHYHQLI\RXKDG
FDXVHGPHWRZDLWDOLWWOHZKLOH,VKRXOGKDYHIHOWTXLWH
VXUHWKDWWKHGHOD\ZDVQRWRFFDVLRQHGE\DQ\IDXOWRI
\RXUV
<RXUH[FHOOHQF\LVSHUIHFWO\ULJKWLQVRWKLQNLQJVDLG
WKHPDQ,FDPHKHUHGLUHFWIURPWKH&DVWOHRI6W$QJHOR
DQG,KDGDQLPPHQVHGHDORIWURXEOHEHIRUH,FRXOGJHWD
FKDQFHWRVSHDNWR%HSSR
$QGZKRLV%HSSR"
2K%HSSRLVHPSOR\HGLQWKHSULVRQDQG,JLYHKLPVRPXFK
D\HDUWROHWPHNQRZZKDWLVJRLQJRQZLWKLQKLVKROLQHVV
V
FDVWOH
,QGHHG<RXDUHDSURYLGHQWSHUVRQ,VHH
:K\\RXVHHQRRQHNQRZVZKDWPD\KDSSHQ3HUKDSVVRPHRI
WKHVHGD\V,PD\EHHQWUDSSHGOLNHSRRU3HSSLQRDQGPD\EH
YHU\JODGWRKDYHVRPHOLWWOHQLEEOLQJPRXVHWRJQDZWKH
PHVKHVRIP\QHWDQGVRKHOSPHRXWRISULVRQ
%ULHIO\ZKDWGLG\RXJOHDQ"
7KDWWZRH[HFXWLRQVRIFRQVLGHUDEOHLQWHUHVWZLOOWDNH
SODFHWKHGD\DIWHUWRPRUURZDWWZRR
FORFNDVLV
FXVWRPDU\DW5RPHDWWKHFRPPHQFHPHQWRIDOOJUHDW
IHVWLYDOV2QHRIWKHFXOSULWVZLOOEHPD]]RODWR KHLVDQ
DWURFLRXVYLOODLQZKRPXUGHUHGWKHSULHVWZKREURXJKWKLP
XSDQGGHVHUYHVQRWWKHVPDOOHVWSLW\7KHRWKHUVXIIHUHU
LVVHQWHQFHGWREHGHFDSLWDWR DQGKH\RXUH[FHOOHQF\LV
SRRU3HSSLQR
.QRFNHGRQWKHKHDG
%HKHDGHG
7KHIDFWLVWKDW\RXKDYHLQVSLUHGQRWRQO\WKHSRQWLILFDO
JRYHUQPHQWEXWDOVRWKHQHLJKERULQJVWDWHVZLWKVXFK

401

H[WUHPHIHDUWKDWWKH\DUHJODGRIDOORSSRUWXQLW\RI
PDNLQJDQH[DPSOH
%XW3HSSLQRGLGQRWHYHQEHORQJWRP\EDQGKHZDVPHUHO\D
SRRUVKHSKHUGZKRVHRQO\FULPHFRQVLVWHGLQIXUQLVKLQJXV
ZLWKSURYLVLRQV
:KLFKPDNHVKLP\RXUDFFRPSOLFHWRDOOLQWHQWVDQG
SXUSRVHV%XWPDUNWKHGLVWLQFWLRQZLWKZKLFKKHLVWUHDWHG
LQVWHDGRIEHLQJNQRFNHGRQWKHKHDGDV\RXZRXOGEHLIRQFH
WKH\FDXJKWKROGRI\RXKHLVVLPSO\VHQWHQFHGWREH
JXLOORWLQHGE\ZKLFKPHDQVWRRWKHDPXVHPHQWVRIWKHGD\
DUHGLYHUVLILHGDQGWKHUHLVDVSHFWDFOHWRSOHDVHHYHU\
VSHFWDWRU
:LWKRXWUHFNRQLQJWKHZKROO\XQH[SHFWHGRQH,DPSUHSDULQJ
WRVXUSULVHWKHPZLWK
0\JRRGIULHQGVDLGWKHPDQLQWKHFORDNH[FXVHPHIRU
VD\LQJWKDW\RXVHHPWRPHSUHFLVHO\LQWKHPRRGWRFRPPLW
VRPHZLOGRUH[WUDYDJDQWDFW
3HUKDSV,DPEXWRQHWKLQJ,KDYHUHVROYHGRQDQGWKDW
LVWRVWRSDWQRWKLQJWRUHVWRUHDSRRUGHYLOWROLEHUW\
ZKRKDVJRWLQWRWKLVVFUDSHVROHO\IURPKDYLQJVHUYHGPH,
VKRXOGKDWHDQGGHVSLVHP\VHOIDVDFRZDUGGLG,GHVHUWWKH
EUDYHIHOORZLQKLVSUHVHQWH[WUHPLW\
$QGZKDWGR\RXPHDQWRGR"
7RVXUURXQGWKHVFDIIROGZLWKWZHQW\RIP\EHVWPHQZKR
DWDVLJQDOIURPPHZLOOUXVKIRUZDUGGLUHFWO\3HSSLQRLV
EURXJKWIRUH[HFXWLRQDQGE\WKHDVVLVWDQFHRIWKHLU
VWLOHWWRVGULYHEDFNWKHJXDUGDQGFDUU\RIIWKH
SULVRQHU
7KDWVHHPVWRPHDVKD]DUGRXVDVXQFHUWDLQDQGFRQYLQFHV
PHWKDWP\VFKHPHLVIDUEHWWHUWKDQ\RXUV
$QGZKDWLV\RXUH[FHOOHQF\
VSURMHFW"
-XVWWKLV,ZLOOVRDGYDQWDJHRXVO\EHVWRZSLDVWUHV
WKDWWKHSHUVRQUHFHLYLQJWKHPVKDOOREWDLQDUHVSLWHWLOO
QH[W\HDUIRU3HSSLQRDQGGXULQJWKDW\HDUDQRWKHU

402

VNLOIXOO\SODFHGSLDVWUHVZLOODIIRUGKLPWKHPHDQVRI
HVFDSLQJIURPKLVSULVRQ
$QGGR\RXIHHOVXUHRIVXFFHHGLQJ"
3DUGLHXH[FODLPHGWKHPDQLQWKHFORDNVXGGHQO\
H[SUHVVLQJKLPVHOILQ)UHQFK
:KDWGLG\RXUH[FHOOHQF\VD\"LQTXLUHGWKHRWKHU
,VDLGP\JRRGIHOORZWKDW,ZRXOGGRPRUHVLQJOHKDQGHG
E\WKHPHDQVRIJROGWKDQ\RXDQGDOO\RXUWURRSFRXOG
HIIHFWZLWKVWLOHWWRVSLVWROVFDUELQHVDQGEOXQGHUEXVVHV
LQFOXGHG/HDYHPHWKHQWRDFWDQGKDYHQRIHDUVIRUWKH
UHVXOW
$WOHDVWWKHUHFDQEHQRKDUPLQP\VHOIDQGSDUW\EHLQJLQ
UHDGLQHVVLQFDVH\RXUH[FHOOHQF\VKRXOGIDLO
1RQHZKDWHYHU7DNHZKDWSUHFDXWLRQV\RXSOHDVHLILWLV
DQ\VDWLVIDFWLRQWR\RXWRGRVREXWUHO\XSRQP\REWDLQLQJ
WKHUHSULHYH,VHHN
5HPHPEHUWKHH[HFXWLRQLVIL[HGIRUWKHGD\DIWHU
WRPRUURZDQGWKDW\RXKDYHEXWRQHGD\WRZRUNLQ
$QGZKDWRIWKDW",VQRWDGD\GLYLGHGLQWRWZHQW\IRXU
KRXUVHDFKKRXULQWRVL[W\PLQXWHVDQGHYHU\PLQXWH
VXEGLYLGHGLQWRVL[W\VHFRQGV"1RZLQVHFRQGVYHU\
PDQ\WKLQJVFDQEHGRQH
$QGKRZVKDOO,NQRZZKHWKHU\RXUH[FHOOHQF\KDVVXFFHHGHG
RUQRW
2KWKDWLVYHU\HDVLO\DUUDQJHG,KDYHHQJDJHGWKHWKUHH
ORZHUZLQGRZVDWWKH&DIH5RVSROLVKRXOG,KDYHREWDLQHG
WKHUHTXLVLWHSDUGRQIRU3HSSLQRWKHWZRRXWVLGHZLQGRZV
ZLOOEHKXQJZLWK\HOORZGDPDVNVDQGWKHFHQWUHZLWKZKLWH
KDYLQJDODUJHFURVVLQUHGPDUNHGRQLW
$QGZKRPZLOO\RXHPSOR\WRFDUU\WKHUHSULHYHWRWKH
RIILFHUGLUHFWLQJWKHH[HFXWLRQ"
6HQGRQHRI\RXUPHQGLVJXLVHGDVDSHQLWHQWIULDUDQG,

403

ZLOOJLYHLWWRKLP+LVGUHVVZLOOSURFXUHKLPWKHPHDQVRI
DSSURDFKLQJWKHVFDIIROGLWVHOIDQGKHZLOOGHOLYHUWKH
RIILFLDORUGHUWRWKHRIILFHUZKRLQKLVWXUQZLOOKDQG
LWWRWKHH[HFXWLRQHULQWKHPHDQWLPHLWZLOOEHDVZHOO
WRDFTXDLQW3HSSLQRZLWKZKDWZHKDYHGHWHUPLQHGRQLILW
EHRQO\WRSUHYHQWKLVG\LQJRIIHDURUORVLQJKLVVHQVHV
EHFDXVHLQHLWKHUFDVHDYHU\XVHOHVVH[SHQVHZLOOKDYHEHHQ
LQFXUUHG
<RXUH[FHOOHQF\VDLGWKHPDQ\RXDUHIXOO\SHUVXDGHGRI
P\HQWLUHGHYRWLRQWR\RXDUH\RXQRW"
1D\,IODWWHUP\VHOIWKDWWKHUHFDQEHQRGRXEWRILW
UHSOLHGWKHFDYDOLHULQWKHFORDN
:HOOWKHQRQO\IXOILO\RXUSURPLVHRIUHVFXLQJ3HSSLQR
DQGKHQFHIRUZDUG\RXVKDOOUHFHLYHQRWRQO\GHYRWLRQEXW
WKHPRVWDEVROXWHREHGLHQFHIURPP\VHOIDQGWKRVHXQGHUPH
WKDWRQHKXPDQEHLQJFDQUHQGHUWRDQRWKHU
+DYHDFDUHKRZIDU\RXSOHGJH\RXUVHOIP\JRRGIULHQG
IRU,PD\UHPLQG\RXRI\RXUSURPLVHDWVRPHSHUKDSVQRW
YHU\GLVWDQWSHULRGZKHQ,LQP\WXUQPD\UHTXLUH\RXU
DLGDQGLQIOXHQFH
/HWWKDWGD\FRPHVRRQHURUODWHU\RXUH[FHOOHQF\ZLOO
ILQGPHZKDW,KDYHIRXQG\RXLQWKLVP\KHDY\WURXEOHDQG
LIIURPWKHRWKHUHQGRIWKHZRUOG\RXEXWZULWHPHZRUGWR
GRVXFKRUVXFKDWKLQJ\RXPD\UHJDUGLWDVGRQHIRUGRQH
LWVKDOOEHRQWKHZRUGDQGIDLWKRI
+XVKLQWHUUXSWHGWKHVWUDQJHU,KHDUDQRLVH

7LVVRPHWUDYHOOHUVZKRDUHYLVLWLQJWKH&RORVVHXPE\
WRUFKOLJKW

7ZHUHEHWWHUZHVKRXOGQRWEHVHHQWRJHWKHUWKRVHJXLGHV
DUHQRWKLQJEXWVSLHVDQGPLJKWSRVVLEO\UHFRJQL]H\RX
DQGKRZHYHU,PD\EHKRQRUHGE\\RXUIULHQGVKLSP\ZRUWK\
IULHQGLIRQFHWKHH[WHQWRIRXULQWLPDF\ZHUHNQRZQ,DP
VDGO\DIUDLGERWKP\UHSXWDWLRQDQGFUHGLWZRXOGVXIIHU
WKHUHE\
:HOOWKHQLI\RXREWDLQWKHUHSULHYH"

404

7KHPLGGOHZLQGRZDWWKH&DIH5RVSROLZLOOEHKXQJZLWK
ZKLWHGDPDVNEHDULQJDUHGFURVV
$QGLI\RXIDLO"
7KHQDOOWKUHHZLQGRZVZLOOKDYH\HOORZGUDSHULHV
$QGWKHQ"
$QGWKHQP\JRRGIHOORZXVH\RXUGDJJHUVLQDQ\ZD\\RX
SOHDVHDQG,IXUWKHUSURPLVH\RXWREHWKHUHDVDVSHFWDWRU
RI\RXUSURZHVV
:HXQGHUVWDQGHDFKRWKHUSHUIHFWO\WKHQ$GLHX\RXU
H[FHOOHQF\GHSHQGXSRQPHDVILUPO\DV,GRXSRQ\RX
6D\LQJWKHVHZRUGVWKH7UDQVWHYHULQGLVDSSHDUHGGRZQWKH
VWDLUFDVHZKLOHKLVFRPSDQLRQPXIIOLQJKLVIHDWXUHVPRUH
FORVHO\WKDQEHIRUHLQWKHIROGVRIKLVPDQWOHSDVVHG
DOPRVWFORVHWR)UDQ]DQGGHVFHQGHGWRWKHDUHQDE\DQ
RXWZDUGIOLJKWRIVWHSV7KHQH[WPLQXWH)UDQ]KHDUGKLPVHOI
FDOOHGE\$OEHUWZKRPDGHWKHORIW\EXLOGLQJUHHFKRZLWK
WKHVRXQGRIKLVIULHQG
VQDPH)UDQ]KRZHYHUGLGQRWREH\
WKHVXPPRQVWLOOKHKDGVDWLVILHGKLPVHOIWKDWWKHWZRPHQ
ZKRVHFRQYHUVDWLRQKHKDGRYHUKHDUGZHUHDWDVXIILFLHQW
GLVWDQFHWRSUHYHQWKLVHQFRXQWHULQJWKHPLQKLVGHVFHQW,Q
WHQPLQXWHVDIWHUWKHVWUDQJHUVKDGGHSDUWHG)UDQ]ZDVRQ
WKHURDGWRWKH3LD]]DGH6SDJQLOLVWHQLQJZLWKVWXGLHG
LQGLIIHUHQFHWRWKHOHDUQHGGLVVHUWDWLRQGHOLYHUHGE\
$OEHUWDIWHUWKHPDQQHURI3OLQ\DQG&DOSXUQLXVWRXFKLQJ
WKHLURQSRLQWHGQHWVXVHGWRSUHYHQWWKHIHURFLRXVEHDVWV
IURPVSULQJLQJRQWKHVSHFWDWRUV)UDQ]OHWKLPSURFHHG
ZLWKRXWLQWHUUXSWLRQDQGLQIDFWGLGQRWKHDUZKDWZDV
VDLGKHORQJHGWREHDORQHDQGIUHHWRSRQGHURYHUDOO
WKDWKDGRFFXUUHG2QHRIWKHWZRPHQZKRVHP\VWHULRXV
PHHWLQJLQWKH&RORVVHXPKHKDGVRXQLQWHQWLRQDOO\
ZLWQHVVHGZDVDQHQWLUHVWUDQJHUWRKLPEXWQRWVRWKH
RWKHUDQGWKRXJK)UDQ]KDGEHHQXQDEOHWRGLVWLQJXLVKKLV
IHDWXUHVIURPKLVEHLQJHLWKHUZUDSSHGLQKLVPDQWOHRU
REVFXUHGE\WKHVKDGRZWKHWRQHVRIKLVYRLFHKDGPDGHWRR
SRZHUIXODQLPSUHVVLRQRQKLPWKHILUVWWLPHKHKDGKHDUG
WKHPIRUKLPHYHUDJDLQWRIRUJHWWKHPKHDUWKHPZKHQRU
ZKHUHKHPLJKW,WZDVPRUHHVSHFLDOO\ZKHQWKLVPDQZDV

405

VSHDNLQJLQDPDQQHUKDOIMHVWLQJKDOIELWWHUWKDW)UDQ]
V
HDUUHFDOOHGPRVWYLYLGO\WKHGHHSVRQRURXV\HW
ZHOOSLWFKHGYRLFHWKDWKDGDGGUHVVHGKLPLQWKHJURWWRRI
0RQWH&ULVWRDQGZKLFKKHKHDUGIRUWKHVHFRQGWLPHDPLG
WKHGDUNQHVVDQGUXLQHGJUDQGHXURIWKH&RORVVHXP$QGWKH
PRUHKHWKRXJKWWKHPRUHHQWLUHZDVKLVFRQYLFWLRQWKDW
WKHSHUVRQZKRZRUHWKHPDQWOHZDVQRRWKHUWKDQKLVIRUPHU
KRVWDQGHQWHUWDLQHU6LQEDGWKH6DLORU
8QGHUDQ\RWKHUFLUFXPVWDQFHV)UDQ]ZRXOGKDYHIRXQGLW
LPSRVVLEOHWRUHVLVWKLVH[WUHPHFXULRVLW\WRNQRZPRUHRI
VRVLQJXODUDSHUVRQDJHDQGZLWKWKDWLQWHQWKDYHVRXJKWWR
UHQHZWKHLUVKRUWDFTXDLQWDQFHEXWLQWKHSUHVHQWLQVWDQFH
WKHFRQILGHQWLDOQDWXUHRIWKHFRQYHUVDWLRQKHKDGRYHUKHDUG
PDGHKLPZLWKSURSULHW\MXGJHWKDWKLVDSSHDUDQFHDWVXFK
DWLPHZRXOGEHDQ\WKLQJEXWDJUHHDEOH$VZHKDYHVHHQ
WKHUHIRUHKHSHUPLWWHGKLVIRUPHUKRVWWRUHWLUHZLWKRXW
DWWHPSWLQJDUHFRJQLWLRQEXWIXOO\SURPLVLQJKLPVHOIDULFK
LQGHPQLW\IRUKLVSUHVHQWIRUEHDUDQFHVKRXOGFKDQFHDIIRUG
KLPDQRWKHURSSRUWXQLW\,QYDLQGLG)UDQ]HQGHDYRUWR
IRUJHWWKHPDQ\SHUSOH[LQJWKRXJKWVZKLFKDVVDLOHGKLPLQ
YDLQGLGKHFRXUWWKHUHIUHVKPHQWRIVOHHS6OXPEHUUHIXVHG
WRYLVLWKLVH\HOLGVDQGWKHQLJKWZDVSDVVHGLQIHYHULVK
FRQWHPSODWLRQRIWKHFKDLQRIFLUFXPVWDQFHVWHQGLQJWRSURYH
WKHLGHQWLW\RIWKHP\VWHULRXVYLVLWDQWWRWKH&RORVVHXP
ZLWKWKHLQKDELWDQWRIWKHJURWWRRI0RQWH&ULVWRDQGWKH
PRUHKHWKRXJKWWKHILUPHUJUHZKLVRSLQLRQRQWKHVXEMHFW
:RUQRXWDWOHQJWKKHIHOODVOHHSDWGD\EUHDNDQGGLGQRW
DZDNHWLOOODWH/LNHDJHQXLQH)UHQFKPDQ$OEHUWKDG
HPSOR\HGKLVWLPHLQDUUDQJLQJIRUWKHHYHQLQJ
VGLYHUVLRQ
KHKDGVHQWWRHQJDJHDER[DWWKH7HDWUR$UJHQWLQRDQG
)UDQ]KDYLQJDQXPEHURIOHWWHUVWRZULWHUHOLQTXLVKHGWKH
FDUULDJHWR$OEHUWIRUWKHZKROHRIWKHGD\$WILYHR
FORFN
$OEHUWUHWXUQHGGHOLJKWHGZLWKKLVGD\
VZRUNKHKDGEHHQ
RFFXSLHGLQOHDYLQJKLVOHWWHUVRILQWURGXFWLRQDQGKDG
UHFHLYHGLQUHWXUQPRUHLQYLWDWLRQVWREDOOVDQGURXWVWKDQ
LWZRXOGEHSRVVLEOHIRUKLPWRDFFHSWEHVLGHVWKLVKHKDG
VHHQ DVKHFDOOHGLW DOOWKHUHPDUNDEOHVLJKWVDW5RPH
<HVLQDVLQJOHGD\KHKDGDFFRPSOLVKHGZKDWKLVPRUH
VHULRXVPLQGHGFRPSDQLRQZRXOGKDYHWDNHQZHHNVWRHIIHFW
1HLWKHUKDGKHQHJOHFWHGWRDVFHUWDLQWKHQDPHRIWKHSLHFH
WREHSOD\HGWKDWQLJKWDWWKH7HDWUR$UJHQWLQRDQGDOVR
ZKDWSHUIRUPHUVDSSHDUHGLQLW

406

7KHRSHUDRI3DULVLQDZDVDQQRXQFHGIRUUHSUHVHQWDWLRQ
DQGWKHSULQFLSDODFWRUVZHUH&RVHOOL0RULDQLDQG/D
6SHFFKLD7KH\RXQJPHQWKHUHIRUHKDGUHDVRQWRFRQVLGHU
WKHPVHOYHVIRUWXQDWHLQKDYLQJWKHRSSRUWXQLW\RIKHDULQJ
RQHRIWKHEHVWZRUNVE\WKHFRPSRVHURI/XFLDGL
/DPPHUPRRUVXSSRUWHGE\WKUHHRIWKHPRVWUHQRZQHG
YRFDOLVWVRI,WDO\$OEHUWKDGQHYHUEHHQDEOHWRHQGXUHWKH
,WDOLDQWKHDWUHVZLWKWKHLURUFKHVWUDVIURPZKLFKLWLV
LPSRVVLEOHWRVHHDQGWKHDEVHQFHRIEDOFRQLHVRURSHQ
ER[HVDOOWKHVHGHIHFWVSUHVVHGKDUGRQDPDQZKRKDGKDG
KLVVWDOODWWKH%RXIIHVDQGKDGVKDUHGDORZHUER[DWWKH
2SHUD6WLOOLQVSLWHRIWKLV$OEHUWGLVSOD\HGKLVPRVW
GD]]OLQJDQGHIIHFWLYHFRVWXPHVHDFKWLPHKHYLVLWHGWKH
WKHDWUHVEXWDODVKLVHOHJDQWWRLOHWZDVZKROO\WKURZQ
DZD\DQGRQHRIWKHPRVWZRUWK\UHSUHVHQWDWLYHVRI3DULVLDQ
IDVKLRQKDGWRFDUU\ZLWKKLPWKHPRUWLI\LQJUHIOHFWLRQWKDW
KHKDGQHDUO\RYHUUXQ,WDO\ZLWKRXWPHHWLQJZLWKDVLQJOH
DGYHQWXUH
6RPHWLPHV$OEHUWZRXOGDIIHFWWRPDNHDMRNHRIKLVZDQWRI
VXFFHVVEXWLQWHUQDOO\KHZDVGHHSO\ZRXQGHGDQGKLV
VHOIORYHLPPHQVHO\SLTXHGWRWKLQNWKDW$OEHUWGH0RUFHUI
WKHPRVWDGPLUHGDQGPRVWVRXJKWDIWHURIDQ\\RXQJSHUVRQ
RIKLVGD\VKRXOGWKXVEHSDVVHGRYHUDQGPHUHO\KDYHKLV
ODERUIRUKLVSDLQV$QGWKHWKLQJZDVVRPXFKWKHPRUH
DQQR\LQJDVDFFRUGLQJWRWKHFKDUDFWHULVWLFPRGHVW\RID
)UHQFKPDQ$OEHUWKDGTXLWWHG3DULVZLWKWKHIXOOFRQYLFWLRQ
WKDWKHKDGRQO\WRVKRZKLPVHOILQ,WDO\WRFDUU\DOO
EHIRUHKLPDQGWKDWXSRQKLVUHWXUQKHVKRXOGDVWRQLVKWKH
3DULVLDQZRUOGZLWKWKHUHFLWDORIKLVQXPHURXV
ORYHDIIDLUV$ODVSRRU$OEHUWQRQHRIWKRVHLQWHUHVWLQJ
DGYHQWXUHVIHOOLQKLVZD\WKHORYHO\*HQRHVH)ORUHQWLQHV
DQG1HDSROLWDQVZHUHDOOIDLWKIXOLIQRWWRWKHLUKXVEDQGV
DWOHDVWWRWKHLUORYHUVDQGWKRXJKWQRWRIFKDQJLQJHYHQ
IRUWKHVSOHQGLGDSSHDUDQFHRI$OEHUWGH0RUFHUIDQGDOOKH
JDLQHGZDVWKHSDLQIXOFRQYLFWLRQWKDWWKHODGLHVRI,WDO\
KDYHWKLVDGYDQWDJHRYHUWKRVHRI)UDQFHWKDWWKH\DUH
IDLWKIXOHYHQLQWKHLULQILGHOLW\<HWKHFRXOGQRWUHVWUDLQ
DKRSHWKDWLQ,WDO\DVHOVHZKHUHWKHUHPLJKWEHDQ
H[FHSWLRQWRWKHJHQHUDOUXOH$OEHUWEHVLGHVEHLQJDQ
HOHJDQWZHOOORRNLQJ\RXQJPDQZDVDOVRSRVVHVVHGRI
FRQVLGHUDEOHWDOHQWDQGDELOLW\PRUHRYHUKHZDVDYLVFRXQW
DUHFHQWO\FUHDWHGRQHFHUWDLQO\EXWLQWKHSUHVHQWGD\
LWLVQRWQHFHVVDU\WRJRDVIDUEDFNDV1RDKLQWUDFLQJD

407

GHVFHQWDQGDJHQHDORJLFDOWUHHLVHTXDOO\HVWLPDWHG
ZKHWKHUGDWHGIURPRUPHUHO\EXWWRFURZQDOO
WKHVHDGYDQWDJHV$OEHUWGH0RUFHUIFRPPDQGHGDQLQFRPHRI
OLYUHVDPRUHWKDQVXIILFLHQWVXPWRUHQGHUKLPD
SHUVRQDJHRIFRQVLGHUDEOHLPSRUWDQFHLQ3DULV,WZDV
WKHUHIRUHQRVPDOOPRUWLILFDWLRQWRKLPWRKDYHYLVLWHGPRVW
RIWKHSULQFLSDOFLWLHVLQ,WDO\ZLWKRXWKDYLQJH[FLWHGWKH
PRVWWULIOLQJREVHUYDWLRQ$OEHUWKRZHYHUKRSHGWR
LQGHPQLI\KLPVHOIIRUDOOWKHVHVOLJKWVDQGLQGLIIHUHQFHV
GXULQJWKH&DUQLYDONQRZLQJIXOOZHOOWKDWDPRQJWKH
GLIIHUHQWVWDWHVDQGNLQJGRPVLQZKLFKWKLVIHVWLYLW\LV
FHOHEUDWHG5RPHLVWKHVSRWZKHUHHYHQWKHZLVHVWDQG
JUDYHVWWKURZRIIWKHXVXDOULJLGLW\RIWKHLUOLYHVDQG
GHLJQWRPLQJOHLQWKHIROOLHVRIWKLVWLPHRIOLEHUW\DQG
UHOD[DWLRQ
7KH&DUQLYDOZDVWRFRPPHQFHRQWKHPRUURZWKHUHIRUH$OEHUW
KDGQRWDQLQVWDQWWRORVHLQVHWWLQJIRUWKWKHSURJUDPPHRI
KLVKRSHVH[SHFWDWLRQVDQGFODLPVWRQRWLFH:LWKWKLV
GHVLJQKHKDGHQJDJHGDER[LQWKHPRVWFRQVSLFXRXVSDUWRI
WKHWKHDWUHDQGH[HUWHGKLPVHOIWRVHWRIIKLVSHUVRQDO
DWWUDFWLRQVE\WKHDLGRIWKHPRVWULFKDQGHODERUDWH
WRLOHW7KHER[WDNHQE\$OEHUWZDVLQWKHILUVWFLUFOH
DOWKRXJKHDFKRIWKHWKUHHWLHUVRIER[HVLVGHHPHGHTXDOO\
DULVWRFUDWLFDQGLVIRUWKLVUHDVRQJHQHUDOO\VW\OHGWKH
QRELOLW\
VER[HVDQGDOWKRXJKWKHER[HQJDJHGIRUWKHWZR
IULHQGVZDVVXIILFLHQWO\FDSDFLRXVWRFRQWDLQDWOHDVWD
GR]HQSHUVRQVLWKDGFRVWOHVVWKDQZRXOGEHSDLGDWVRPH
RIWKH)UHQFKWKHDWUHVIRURQHDGPLWWLQJPHUHO\IRXU
RFFXSDQWV$QRWKHUPRWLYHKDGLQIOXHQFHG$OEHUW
VVHOHFWLRQ
RIKLVVHDWZKRNQHZEXWWKDWWKXVDGYDQWDJHRXVO\
SODFHGKHPLJKWQRWLQWUXWKDWWUDFWWKHQRWLFHRIVRPH
IDLU5RPDQDQGDQLQWURGXFWLRQPLJKWHQVXHWKDWZRXOG
SURFXUHKLPWKHRIIHURIDVHDWLQDFDUULDJHRUDSODFHLQ
DSULQFHO\EDOFRQ\IURPZKLFKKHPLJKWEHKROGWKHJD\HWLHV
RIWKH&DUQLYDO"7KHVHXQLWHGFRQVLGHUDWLRQVPDGH$OEHUW
PRUHOLYHO\DQGDQ[LRXVWRSOHDVHWKDQKHKDGKLWKHUWREHHQ
7RWDOO\GLVUHJDUGLQJWKHEXVLQHVVRIWKHVWDJHKHOHDQHG
IURPKLVER[DQGEHJDQDWWHQWLYHO\VFUXWLQL]LQJWKHEHDXW\
RIHDFKSUHWW\ZRPDQDLGHGE\DSRZHUIXORSHUDJODVVEXW
DODVWKLVDWWHPSWWRDWWUDFWQRWLFHZKROO\IDLOHGQRWHYHQ
FXULRVLW\KDGEHHQH[FLWHGDQGLWZDVEXWWRRDSSDUHQWWKDW
WKHORYHO\FUHDWXUHVLQWRZKRVHJRRGJUDFHVKHZDVGHVLURXV
RIVWHDOLQJZHUHDOOVRPXFKHQJURVVHGZLWKWKHPVHOYHV

408

WKHLUORYHUVRUWKHLURZQWKRXJKWVWKDWWKH\KDGQRWVR
PXFKDVQRWLFHGKLPRUWKHPDQLSXODWLRQRIKLVJODVV
7KHWUXWKZDVWKDWWKHDQWLFLSDWHGSOHDVXUHVRIWKH
&DUQLYDOZLWKWKHKRO\ZHHNWKDWZDVWRVXFFHHGLWVR
ILOOHGHYHU\IDLUEUHDVWDVWRSUHYHQWWKHOHDVWDWWHQWLRQ
EHLQJEHVWRZHGHYHQRQWKHEXVLQHVVRIWKHVWDJH7KHDFWRUV
PDGHWKHLUHQWULHVDQGH[LWVXQREVHUYHGRUXQWKRXJKWRIDW
FHUWDLQFRQYHQWLRQDOPRPHQWVWKHVSHFWDWRUVZRXOGVXGGHQO\
FHDVHWKHLUFRQYHUVDWLRQRUURXVHWKHPVHOYHVIURPWKHLU
PXVLQJVWROLVWHQWRVRPHEULOOLDQWHIIRUWRI0RULDQL
VD
ZHOOH[HFXWHGUHFLWDWLYHE\&RVHOOLRUWRMRLQLQORXG
DSSODXVHDWWKHZRQGHUIXOSRZHUVRI/D6SHFFKLDEXWWKDW
PRPHQWDU\H[FLWHPHQWRYHUWKH\TXLFNO\UHODSVHGLQWRWKHLU
IRUPHUVWDWHRISUHRFFXSDWLRQRULQWHUHVWLQJFRQYHUVDWLRQ
7RZDUGVWKHFORVHRIWKHILUVWDFWWKHGRRURIDER[ZKLFK
KDGEHHQKLWKHUWRYDFDQWZDVRSHQHGDODG\HQWHUHGWRZKRP
)UDQ]KDGEHHQLQWURGXFHGLQ3DULVZKHUHLQGHHGKHKDG
LPDJLQHGVKHVWLOOZDV7KHTXLFNH\HRI$OEHUWFDXJKWWKH
LQYROXQWDU\VWDUWZLWKZKLFKKLVIULHQGEHKHOGWKHQHZ
DUULYDODQGWXUQLQJWRKLPKHVDLGKDVWLO\'R\RXNQRZ
WKHZRPDQZKRKDVMXVWHQWHUHGWKDWER["
<HVZKDWGR\RXWKLQNRIKHU"
2KVKHLVSHUIHFWO\ORYHO\ZKDWDFRPSOH[LRQ$QGVXFK
PDJQLILFHQWKDLU,VVKH)UHQFK"
1RD9HQHWLDQ
$QGKHUQDPHLV
&RXQWHVV*
$K,NQRZKHUE\QDPHH[FODLPHG$OEHUWVKHLVVDLGWR
SRVVHVVDVPXFKZLWDQGFOHYHUQHVVDVEHDXW\,ZDVWRKDYH
EHHQSUHVHQWHGWRKHUZKHQ,PHWKHUDW0DGDPH9LOOHIRUW
V
EDOO
6KDOO,DVVLVW\RXLQUHSDLULQJ\RXUQHJOLJHQFH"DVNHG
)UDQ]
0\GHDUIHOORZDUH\RXUHDOO\RQVXFKJRRGWHUPVZLWKKHU
DVWRYHQWXUHWRWDNHPHWRKHUER["

409

:K\,KDYHRQO\KDGWKHKRQRURIEHLQJLQKHUVRFLHW\DQG
FRQYHUVLQJZLWKKHUWKUHHRUIRXUWLPHVLQP\OLIHEXW\RX
NQRZWKDWHYHQVXFKDQDFTXDLQWDQFHDVWKDWPLJKWZDUUDQWP\
GRLQJZKDW\RXDVN$WWKDWLQVWDQWWKHFRXQWHVVSHUFHLYHG
)UDQ]DQGJUDFLRXVO\ZDYHGKHUKDQGWRKLPWRZKLFKKH
UHSOLHGE\DUHVSHFWIXOLQFOLQDWLRQRIWKHKHDG8SRQP\
ZRUGVDLG$OEHUW\RXVHHPWREHRQH[FHOOHQWWHUPVZLWK
WKHEHDXWLIXOFRXQWHVV
<RXDUHPLVWDNHQLQWKLQNLQJVRUHWXUQHG)UDQ]FDOPO\
EXW\RXPHUHO\IDOOLQWRWKHVDPHHUURUZKLFKOHDGVVRPDQ\
RIRXUFRXQWU\PHQWRFRPPLWWKHPRVWHJUHJLRXVEOXQGHUV
,PHDQWKDWRIMXGJLQJWKHKDELWVDQGFXVWRPVRI,WDO\DQG
6SDLQE\RXU3DULVLDQQRWLRQVEHOLHYHPHQRWKLQJLVPRUH
IDOODFLRXVWKDQWRIRUPDQ\HVWLPDWHRIWKHGHJUHHRI
LQWLPDF\\RXPD\VXSSRVHH[LVWLQJDPRQJSHUVRQVE\WKH
IDPLOLDUWHUPVWKH\VHHPXSRQWKHUHLVDVLPLODULW\RI
IHHOLQJDWWKLVLQVWDQWEHWZHHQRXUVHOYHVDQGWKHFRXQWHVV
QRWKLQJPRUH
,VWKHUHLQGHHGP\JRRGIHOORZ"3UD\WHOOPHLVLW
V\PSDWK\RIKHDUW"
1RRIWDVWHFRQWLQXHG)UDQ]JUDYHO\
$QGLQZKDWPDQQHUKDVWKLVFRQJHQLDOLW\RIPLQGEHHQ
HYLQFHG"
%\WKHFRXQWHVV
VYLVLWLQJWKH&RORVVHXPDVZHGLGODVW
QLJKWE\PRRQOLJKWDQGQHDUO\DORQH
<RXZHUHZLWKKHUWKHQ"
,ZDV
$QGZKDWGLG\RXVD\WRKHU"
2KZHWDONHGRIWKHLOOXVWULRXVGHDGRIZKRPWKDW
PDJQLILFHQWUXLQLVDJORULRXVPRQXPHQW
8SRQP\ZRUGFULHG$OEHUW\RXPXVWKDYHEHHQDYHU\
HQWHUWDLQLQJFRPSDQLRQDORQHRUDOOEXWDORQHZLWKD
EHDXWLIXOZRPDQLQVXFKDSODFHRIVHQWLPHQWDVWKH

410

&RORVVHXPDQG\HWWRILQGQRWKLQJEHWWHUDWDONDERXWWKDQ
WKHGHDG$OO,FDQVD\LVLIHYHU,VKRXOGJHWVXFKD
FKDQFHWKHOLYLQJVKRXOGEHP\WKHPH
$QG\RXZLOOSUREDEO\ILQG\RXUWKHPHLOOFKRVHQ
%XWVDLG$OEHUWEUHDNLQJLQXSRQKLVGLVFRXUVHQHYHU
PLQGWKHSDVWOHWXVRQO\UHPHPEHUWKHSUHVHQW$UH\RXQRW
JRLQJWRNHHS\RXUSURPLVHRILQWURGXFLQJPHWRWKHIDLU
VXEMHFWRIRXUUHPDUNV"
&HUWDLQO\GLUHFWO\WKHFXUWDLQIDOOVRQWKHVWDJH
:KDWDFRQIRXQGHGWLPHWKLVILUVWDFWWDNHV,EHOLHYHRQ
P\VRXOWKDWWKH\QHYHUPHDQWRILQLVKLW
2K\HVWKH\ZLOORQO\OLVWHQWRWKDWFKDUPLQJILQDOH
+RZH[TXLVLWHO\&RVHOOLVLQJVKLVSDUW
%XWZKDWDQDZNZDUGLQHOHJDQWIHOORZKHLV
:HOOWKHQZKDWGR\RXVD\WR/D6SHFFKLD"'LG\RXHYHU
VHHDQ\WKLQJPRUHSHUIHFWWKDQKHUDFWLQJ"
:K\\RXNQRZP\GHDUIHOORZZKHQRQHKDVEHHQDFFXVWRPHG
WR0DOLEUDQDQG6RQWDJVXFKVLQJHUVDVWKHVHGRQ
WPDNHWKH
VDPHLPSUHVVLRQRQ\RXWKH\SHUKDSVGRRQRWKHUV
$WOHDVW\RXPXVWDGPLUH0RULDQL
VVW\OHDQGH[HFXWLRQ
,QHYHUIDQFLHGPHQRIKLVGDUNSRQGHURXVDSSHDUDQFH
VLQJLQJZLWKDYRLFHOLNHDZRPDQ
V
0\JRRGIULHQGVDLG)UDQ]WXUQLQJWRKLPZKLOH$OEHUW
FRQWLQXHGWRSRLQWKLVJODVVDWHYHU\ER[LQWKHWKHDWUH
\RXVHHPGHWHUPLQHGQRWWRDSSURYH\RXDUHUHDOO\WRR
GLIILFXOWWRSOHDVH7KHFXUWDLQDWOHQJWKIHOORQWKH
SHUIRUPDQFHVWRWKHLQILQLWHVDWLVIDFWLRQRIWKH9LVFRXQW
RI0RUFHUIZKRVHL]HGKLVKDWUDSLGO\SDVVHGKLVILQJHUV
WKURXJKKLVKDLUDUUDQJHGKLVFUDYDWDQGZULVWEDQGVDQG
VLJQLILHGWR)UDQ]WKDWKHZDVZDLWLQJIRUKLPWROHDGWKH
ZD\)UDQ]ZKRKDGPXWHO\LQWHUURJDWHGWKHFRXQWHVVDQG
UHFHLYHGIURPKHUDJUDFLRXVVPLOHLQWRNHQWKDWKHZRXOGEH
ZHOFRPHVRXJKWQRWWRUHWDUGWKHJUDWLILFDWLRQRI$OEHUW
V

411

HDJHULPSDWLHQFHEXWEHJDQDWRQFHWKHWRXURIWKHKRXVH
FORVHO\IROORZHGE\$OEHUWZKRDYDLOHGKLPVHOIRIWKHIHZ
PLQXWHVUHTXLUHGWRUHDFKWKHRSSRVLWHVLGHRIWKHWKHDWUH
WRVHWWOHWKHKHLJKWDQGVPRRWKQHVVRIKLVFROODUDQGWR
DUUDQJHWKHODSSHWVRIKLVFRDW7KLVLPSRUWDQWWDVNZDV
MXVWFRPSOHWHGDVWKH\DUULYHGDWWKHFRXQWHVV
VER[$WWKH
NQRFNWKHGRRUZDVLPPHGLDWHO\RSHQHGDQGWKH\RXQJPDQ
ZKRZDVVHDWHGEHVLGHWKHFRXQWHVVLQREHGLHQFHWRWKH
,WDOLDQFXVWRPLQVWDQWO\URVHDQGVXUUHQGHUHGKLVSODFHWR
WKHVWUDQJHUVZKRLQWXUQZRXOGEHH[SHFWHGWRUHWLUH
XSRQWKHDUULYDORIRWKHUYLVLWRUV
)UDQ]SUHVHQWHG$OEHUWDVRQHRIWKHPRVWGLVWLQJXLVKHG
\RXQJPHQRIWKHGD\ERWKDVUHJDUGHGKLVSRVLWLRQLQ
VRFLHW\DQGH[WUDRUGLQDU\WDOHQWVQRUGLGKHVD\PRUHWKDQ
WKHWUXWKIRULQ3DULVDQGWKHFLUFOHLQZKLFKWKHYLVFRXQW
PRYHGKHZDVORRNHGXSRQDQGFLWHGDVDPRGHORI
SHUIHFWLRQ)UDQ]DGGHGWKDWKLVFRPSDQLRQGHHSO\JULHYHG
DWKDYLQJEHHQSUHYHQWHGWKHKRQRURIEHLQJSUHVHQWHGWRWKH
FRXQWHVVGXULQJKHUVRMRXUQLQ3DULVZDVPRVWDQ[LRXVWR
PDNHXSIRULWDQGKDGUHTXHVWHGKLP )UDQ] WRUHPHG\WKH
SDVWPLVIRUWXQHE\FRQGXFWLQJKLPWRKHUER[DQGFRQFOXGHG
E\DVNLQJSDUGRQIRUKLVSUHVXPSWLRQLQKDYLQJWDNHQLWXSRQ
KLPVHOIWRGRVR7KHFRXQWHVVLQUHSO\ERZHGJUDFHIXOO\
WR$OEHUWDQGH[WHQGHGKHUKDQGZLWKFRUGLDONLQGQHVVWR
)UDQ]WKHQLQYLWLQJ$OEHUWWRWDNHWKHYDFDQWVHDWEHVLGH
KHUVKHUHFRPPHQGHG)UDQ]WRWDNHWKHQH[WEHVWLIKH
ZLVKHGWRYLHZWKHEDOOHWDQGSRLQWHGWRWKHRQHEHKLQGKHU
RZQFKDLU$OEHUWZDVVRRQGHHSO\HQJURVVHGLQGLVFRXUVLQJ
XSRQ3DULVDQG3DULVLDQPDWWHUVVSHDNLQJWRWKHFRXQWHVVRI
WKHYDULRXVSHUVRQVWKH\ERWKNQHZWKHUH)UDQ]SHUFHLYHG
KRZFRPSOHWHO\KHZDVLQKLVHOHPHQWDQGXQZLOOLQJWR
LQWHUIHUHZLWKWKHSOHDVXUHKHVRHYLGHQWO\IHOWWRRNXS
$OEHUW
VJODVVDQGEHJDQLQKLVWXUQWRVXUYH\WKH
DXGLHQFH6LWWLQJDORQHLQWKHIURQWRIDER[LPPHGLDWHO\
RSSRVLWHEXWVLWXDWHGRQWKHWKLUGURZZDVDZRPDQRI
H[TXLVLWHEHDXW\GUHVVHGLQD*UHHNFRVWXPHZKLFK
HYLGHQWO\IURPWKHHDVHDQGJUDFHZLWKZKLFKVKHZRUHLW
ZDVKHUQDWLRQDODWWLUH%HKLQGKHUEXWLQGHHSVKDGRZZDV
WKHRXWOLQHRIDPDVFXOLQHILJXUHEXWWKHIHDWXUHVRIWKLV
ODWWHUSHUVRQDJHLWZDVQRWSRVVLEOHWRGLVWLQJXLVK)UDQ]
FRXOGQRWIRUEHDUEUHDNLQJLQXSRQWKHDSSDUHQWO\
LQWHUHVWLQJFRQYHUVDWLRQSDVVLQJEHWZHHQWKHFRXQWHVVDQG
$OEHUWWRLQTXLUHRIWKHIRUPHULIVKHNQHZZKRZDVWKH

412

IDLU$OEDQLDQRSSRVLWHVLQFHEHDXW\VXFKDVKHUVZDVZHOO
ZRUWK\RIEHLQJREVHUYHGE\HLWKHUVH[$OO,FDQWHOO
DERXWKHUUHSOLHGWKHFRXQWHVVLVWKDWVKHKDVEHHQDW
5RPHVLQFHWKHEHJLQQLQJRIWKHVHDVRQIRU,VDZKHUZKHUH
VKHQRZVLWVWKHYHU\ILUVWQLJKWRIWKHVHDVRQDQGVLQFH
WKHQVKHKDVQHYHUPLVVHGDSHUIRUPDQFH6RPHWLPHVVKHLV
DFFRPSDQLHGE\WKHSHUVRQZKRLVQRZZLWKKHUDQGDWRWKHUV
VKHLVPHUHO\DWWHQGHGE\DEODFNVHUYDQW
$QGZKDWGR\RXWKLQNRIKHUSHUVRQDODSSHDUDQFH"
2K,FRQVLGHUKHUSHUIHFWO\ORYHO\VKHLVMXVWP\LGHD
RIZKDW0HGRUDPXVWKDYHEHHQ
)UDQ]DQGWKHFRXQWHVVH[FKDQJHGDVPLOHDQGWKHQWKH
ODWWHUUHVXPHGKHUFRQYHUVDWLRQZLWK$OEHUWZKLOH)UDQ]
UHWXUQHGWRKLVSUHYLRXVVXUYH\RIWKHKRXVHDQGFRPSDQ\
7KHFXUWDLQURVHRQWKHEDOOHWZKLFKZDVRQHRIWKRVH
H[FHOOHQWVSHFLPHQVRIWKH,WDOLDQVFKRRODGPLUDEO\
DUUDQJHGDQGSXWRQWKHVWDJHE\+HQULZKRKDVHVWDEOLVKHG
IRUKLPVHOIDJUHDWUHSXWDWLRQWKURXJKRXW,WDO\IRUKLV
WDVWHDQGVNLOOLQWKHFKRUHJUDSKLFDUWRQHRIWKRVH
PDVWHUO\SURGXFWLRQVRIJUDFHPHWKRGDQGHOHJDQFHLQZKLFK
WKHZKROHFRUSVGHEDOOHWIURPWKHSULQFLSDOGDQFHUVWRWKH
KXPEOHVWVXSHUQXPHUDU\DUHDOOHQJDJHGRQWKHVWDJHDWWKH
VDPHWLPHDQGDKXQGUHGDQGILIW\SHUVRQVPD\EHVHHQ
H[KLELWLQJWKHVDPHDWWLWXGHRUHOHYDWLQJWKHVDPHDUPRU
OHJZLWKDVLPXOWDQHRXVPRYHPHQWWKDWZRXOGOHDG\RXWR
VXSSRVHWKDWEXWRQHPLQGRQHDFWRIYROLWLRQLQIOXHQFHG
WKHPRYLQJPDVVWKHEDOOHWZDVFDOOHG3ROLVND+RZHYHU
PXFKWKHEDOOHWPLJKWKDYHFODLPHGKLVDWWHQWLRQ)UDQ]ZDV
WRRGHHSO\RFFXSLHGZLWKWKHEHDXWLIXO*UHHNWRWDNHDQ\
QRWHRILWZKLOHVKHVHHPHGWRH[SHULHQFHDQDOPRVW
FKLOGOLNHGHOLJKWLQZDWFKLQJLWKHUHDJHUDQLPDWHGORRNV
FRQWUDVWLQJVWURQJO\ZLWKWKHXWWHULQGLIIHUHQFHRIKHU
FRPSDQLRQZKRGXULQJWKHZKROHWLPHWKHSLHFHODVWHG
QHYHUHYHQPRYHGQRWHYHQZKHQWKHIXULRXVFUDVKLQJGLQ
SURGXFHGE\WKHWUXPSHWVF\PEDOVDQG&KLQHVHEHOOVVRXQGHG
WKHLUORXGHVWIURPWKHRUFKHVWUD2IWKLVKHWRRNQRKHHG
EXWZDVDVIDUDVDSSHDUDQFHVPLJKWEHWUXVWHGHQMR\LQJ
VRIWUHSRVHDQGEULJKWFHOHVWLDOGUHDPV7KHEDOOHWDW
OHQJWKFDPHWRDFORVHDQGWKHFXUWDLQIHOODPLGWKHORXG
XQDQLPRXVSODXGLWVRIDQHQWKXVLDVWLFDQGGHOLJKWHG
DXGLHQFH

413

2ZLQJWRWKHYHU\MXGLFLRXVSODQRIGLYLGLQJWKHWZRDFWVRI
WKHRSHUDZLWKDEDOOHWWKHSDXVHVEHWZHHQWKHSHUIRUPDQFHV
DUHYHU\VKRUWWKHVLQJHUVLQWKHRSHUDKDYLQJWLPHWR
UHSRVHWKHPVHOYHVDQGFKDQJHWKHLUFRVWXPHZKHQQHFHVVDU\
ZKLOHWKHGDQFHUVDUHH[HFXWLQJWKHLUSLURXHWWHVDQG
H[KLELWLQJWKHLUJUDFHIXOVWHSV7KHRYHUWXUHWRWKHVHFRQG
DFWEHJDQDQGDWWKHILUVWVRXQGRIWKHOHDGHU
VERZ
DFURVVKLVYLROLQ)UDQ]REVHUYHGWKHVOHHSHUVORZO\DULVH
DQGDSSURDFKWKH*UHHNJLUOZKRWXUQHGDURXQGWRVD\DIHZ
ZRUGVWRKLPDQGWKHQOHDQLQJIRUZDUGDJDLQRQWKHUDLOLQJ
RIKHUER[VKHEHFDPHDVDEVRUEHGDVEHIRUHLQZKDWZDV
JRLQJRQ7KHFRXQWHQDQFHRIWKHSHUVRQZKRKDGDGGUHVVHG
KHUUHPDLQHGVRFRPSOHWHO\LQWKHVKDGHWKDWWKRXJK)UDQ]
WULHGKLVXWPRVWKHFRXOGQRWGLVWLQJXLVKDVLQJOHIHDWXUH
7KHFXUWDLQURVHDQGWKHDWWHQWLRQRI)UDQ]ZDVDWWUDFWHG
E\WKHDFWRUVDQGKLVH\HVWXUQHGIURPWKHER[FRQWDLQLQJ
WKH*UHHNJLUODQGKHUVWUDQJHFRPSDQLRQWRZDWFKWKH
EXVLQHVVRIWKHVWDJH
0RVWRIP\UHDGHUVDUHDZDUHWKDWWKHVHFRQGDFWRI
3DULVLQDRSHQVZLWKWKHFHOHEUDWHGDQGHIIHFWLYHGXHWLQ
ZKLFK3DULVLQDZKLOHVOHHSLQJEHWUD\VWR$]]RWKHVHFUHW
RIKHUORYHIRU8JR7KHLQMXUHGKXVEDQGJRHVWKURXJKDOO
WKHHPRWLRQVRIMHDORXV\XQWLOFRQYLFWLRQVHL]HVRQKLV
PLQGDQGWKHQLQDIUHQ]\RIUDJHDQGLQGLJQDWLRQKH
DZDNHQVKLVJXLOW\ZLIHWRWHOOKHUWKDWKHNQRZVKHUJXLOW
DQGWRWKUHDWHQKHUZLWKKLVYHQJHDQFH7KLVGXHWLVRQHRI
WKHPRVWEHDXWLIXOH[SUHVVLYHDQGWHUULEOHFRQFHSWLRQVWKDW
KDVHYHUHPDQDWHGIURPWKHIUXLWIXOSHQRI'RQL]HWWL)UDQ]
QRZOLVWHQHGWRLWIRUWKHWKLUGWLPH\HWLW
VQRWHVVR
WHQGHUO\H[SUHVVLYHDQGIHDUIXOO\JUDQGDVWKHZUHWFKHG
KXVEDQGDQGZLIHJLYHYHQWWRWKHLUGLIIHUHQWJULHIVDQG
SDVVLRQVWKULOOHGWKURXJKWKHVRXORI)UDQ]ZLWKDQHIIHFW
HTXDOWRKLVILUVWHPRWLRQVXSRQKHDULQJLW([FLWHGEH\RQG
KLVXVXDOFDOPGHPHDQRU)UDQ]URVHZLWKWKHDXGLHQFHDQG
ZDVDERXWWRMRLQWKHORXGHQWKXVLDVWLFDSSODXVHWKDW
IROORZHGEXWVXGGHQO\KLVSXUSRVHZDVDUUHVWHGKLVKDQGV
IHOOE\KLVVLGHVDQGWKHKDOIXWWHUHGEUDYRVH[SLUHGRQ
KLVOLSV7KHRFFXSDQWRIWKHER[LQZKLFKWKH*UHHNJLUO
VDWDSSHDUHGWRVKDUHWKHXQLYHUVDODGPLUDWLRQWKDW
SUHYDLOHGIRUKHOHIWKLVVHDWWRVWDQGXSLQIURQWVR
WKDWKLVFRXQWHQDQFHEHLQJIXOO\UHYHDOHG)UDQ]KDGQR
GLIILFXOW\LQUHFRJQL]LQJKLPDVWKHP\VWHULRXVLQKDELWDQW

414

RI0RQWH&ULVWRDQGWKHYHU\VDPHSHUVRQKHKDGHQFRXQWHUHG
WKHSUHFHGLQJHYHQLQJLQWKHUXLQVRIWKH&RORVVHXPDQG
ZKRVHYRLFHDQGILJXUHKDGVHHPHGVRIDPLOLDUWRKLP$OO
GRXEWRIKLVLGHQWLW\ZDVQRZDWDQHQGKLVVLQJXODUKRVW
HYLGHQWO\UHVLGHGDW5RPH7KHVXUSULVHDQGDJLWDWLRQ
RFFDVLRQHGE\WKLVIXOOFRQILUPDWLRQRI)UDQ]
VIRUPHU
VXVSLFLRQKDGQRGRXEWLPSDUWHGDFRUUHVSRQGLQJH[SUHVVLRQ
WRKLVIHDWXUHVIRUWKHFRXQWHVVDIWHUJD]LQJZLWKD
SX]]OHGORRNDWKLVIDFHEXUVWLQWRDILWRIODXJKWHUDQG
EHJJHGWRNQRZZKDWKDGKDSSHQHG&RXQWHVVUHWXUQHG
)UDQ]WRWDOO\XQKHHGLQJKHUUDLOOHU\,DVNHG\RXDVKRUW
WLPHVLQFHLI\RXNQHZDQ\SDUWLFXODUVUHVSHFWLQJWKH
$OEDQLDQODG\RSSRVLWH,PXVWQRZEHVHHFK\RXWRLQIRUPPH
ZKRDQGZKDWLVKHUKXVEDQG"
1D\DQVZHUHGWKHFRXQWHVV,NQRZQRPRUHRIKLPWKDQ
\RXUVHOI
3HUKDSV\RXQHYHUEHIRUHQRWLFHGKLP"
:KDWDTXHVWLRQVRWUXO\)UHQFK'R\RXQRWNQRZWKDWZH
,WDOLDQVKDYHH\HVRQO\IRUWKHPDQZHORYH"
7UXHUHSOLHG)UDQ]
$OO,FDOOVD\LVFRQWLQXHGWKHFRXQWHVVWDNLQJXSWKH
ORUJQHWWHDQGGLUHFWLQJLWWRZDUGWKHER[LQTXHVWLRQ
WKDWWKHJHQWOHPDQZKRVHKLVWRU\,DPXQDEOHWRIXUQLVK
VHHPVWRPHDVWKRXJKKHKDGMXVWEHHQGXJXSKHORRNVPRUH
OLNHDFRUSVHSHUPLWWHGE\VRPHIULHQGO\JUDYHGLJJHUWR
TXLWKLVWRPEIRUDZKLOHDQGUHYLVLWWKLVHDUWKRIRXUV
WKDQDQ\WKLQJKXPDQ+RZJKDVWO\SDOHKHLV
2KKHLVDOZD\VDVFRORUOHVVDV\RXQRZVHHKLPVDLG
)UDQ]
7KHQ\RXNQRZKLP"DOPRVWVFUHDPHGWKHFRXQWHVV2KSUD\
GRIRUKHDYHQ
VVDNHWHOOXVDOODERXWLVKHDYDPSLUH
RUDUHVXVFLWDWHGFRUSVHRUZKDW"
,IDQF\,KDYHVHHQKLPEHIRUHDQG,HYHQWKLQNKH
UHFRJQL]HVPH
$QG,FDQZHOOXQGHUVWDQGVDLGWKHFRXQWHVVVKUXJJLQJXS

415

KHUEHDXWLIXOVKRXOGHUVDVWKRXJKDQLQYROXQWDU\VKXGGHU
SDVVHGWKURXJKKHUYHLQVWKDWWKRVHZKRKDYHRQFHVHHQ
WKDWPDQZLOOQHYHUEHOLNHO\WRIRUJHWKLP7KHVHQVDWLRQ
H[SHULHQFHGE\)UDQ]ZDVHYLGHQWO\QRWSHFXOLDUWRKLPVHOI
DQRWKHUDQGZKROO\XQLQWHUHVWHGSHUVRQIHOWWKHVDPH
XQDFFRXQWDEOHDZHDQGPLVJLYLQJ:HOOLQTXLUHG)UDQ]
DIWHUWKHFRXQWHVVKDGDVHFRQGWLPHGLUHFWHGKHUORUJQHWWH
DWWKHER[ZKDWGR\RXWKLQNRIRXURSSRVLWHQHLJKERU"
:K\WKDWKHLVQRRWKHUWKDQ/RUG5XWKYHQKLPVHOILQD
OLYLQJIRUP7KLVIUHVKDOOXVLRQWR%\URQ GUHZDVPLOHWR
)UDQ]
VFRXQWHQDQFHDOWKRXJKKHFRXOGEXWDOORZWKDWLI
DQ\WKLQJZDVOLNHO\WRLQGXFHEHOLHILQWKHH[LVWHQFHRI
YDPSLUHVLWZRXOGEHWKHSUHVHQFHRIVXFKDPDQDVWKH
P\VWHULRXVSHUVRQDJHEHIRUHKLP
,PXVWSRVLWLYHO\ILQGRXWZKRDQGZKDWKHLVVDLG)UDQ]
ULVLQJIURPKLVVHDW
1RQRFULHGWKHFRXQWHVV\RXPXVWQRWOHDYHPH,
GHSHQGXSRQ\RXWRHVFRUWPHKRPH2KLQGHHG,FDQQRW
SHUPLW\RXWRJR
6FRWWRIFRXUVH7KHVRQRIDQLOOIDWHGVLUHDQGWKH
IDWKHURID\HWPRUHXQIRUWXQDWHIDPLO\ERUHLQKLVORRNV
WKDWFDVWRILQDXVSLFLRXVPHODQFKRO\E\ZKLFKWKH
SK\VLRJQRPLVWVRIWKDWWLPHSUHWHQGHGWRGLVWLQJXLVKWKRVH
ZKRZHUHSUHGHVWLQHGWRDYLROHQWDQGXQKDSS\GHDWK7KH
$EERWFK[[LL
,VLWSRVVLEOHZKLVSHUHG)UDQ]WKDW\RXHQWHUWDLQDQ\
IHDU"
,
OOWHOO\RXDQVZHUHGWKHFRXQWHVV%\URQKDGWKHPRVW
SHUIHFWEHOLHILQWKHH[LVWHQFHRIYDPSLUHVDQGHYHQ
DVVXUHGPHWKDWKHKDGVHHQWKHP7KHGHVFULSWLRQKHJDYHPH
SHUIHFWO\FRUUHVSRQGVZLWKWKHIHDWXUHVDQGFKDUDFWHURIWKH
PDQEHIRUHXV2KKHLVWKHH[DFWSHUVRQLILFDWLRQRIZKDW,
KDYHEHHQOHGWRH[SHFW7KHFRDOEODFNKDLUODUJHEULJKW
JOLWWHULQJH\HVLQZKLFKDZLOGXQHDUWKO\ILUHVHHPV
EXUQLQJWKHVDPHJKDVWO\SDOHQHVV7KHQREVHUYHWRR
WKDWWKHZRPDQZLWKKLPLVDOWRJHWKHUXQOLNHDOORWKHUVRI
KHUVH[6KHLVDIRUHLJQHUDVWUDQJHU1RERG\NQRZVZKR
VKHLVRUZKHUHVKHFRPHVIURP1RGRXEWVKHEHORQJVWRWKH

416

VDPHKRUULEOHUDFHKHGRHVDQGLVOLNHKLPVHOIDGHDOHU
LQPDJLFDODUWV,HQWUHDWRI\RXQRWWRJRQHDUKLPDW
OHDVWWRQLJKWDQGLIWRPRUURZ\RXUFXULRVLW\VWLOO
FRQWLQXHVDVJUHDWSXUVXH\RXUUHVHDUFKHVLI\RXZLOOEXW
WRQLJKW\RXQHLWKHUFDQQRUVKDOO)RUWKDWSXUSRVH,PHDQ
WRNHHS\RXDOOWRP\VHOI)UDQ]SURWHVWHGKHFRXOGQRW
GHIHUKLVSXUVXLWWLOOWKHIROORZLQJGD\IRUPDQ\UHDVRQV
/LVWHQWRPHVDLGWKHFRXQWHVVDQGGRQRWEHVRYHU\
KHDGVWURQJ,DPJRLQJKRPH,KDYHDSDUW\DWP\KRXVH
WRQLJKWDQGWKHUHIRUHFDQQRWSRVVLEO\UHPDLQWLOOWKHHQG
RIWKHRSHUD1RZ,FDQQRWIRURQHLQVWDQWEHOLHYH\RXVR
GHYRLGRIJDOODQWU\DVWRUHIXVHDODG\\RXUHVFRUWZKHQVKH
HYHQFRQGHVFHQGVWRDVN\RXIRULW
7KHUHZDVQRWKLQJHOVHOHIWIRU)UDQ]WRGREXWWRWDNHXS
KLVKDWRSHQWKHGRRURIWKHER[DQGRIIHUWKHFRXQWHVV
KLVDUP,WZDVTXLWHHYLGHQWE\KHUPDQQHUWKDWKHU
XQHDVLQHVVZDVQRWIHLJQHGDQG)UDQ]KLPVHOIFRXOGQRW
UHVLVWDIHHOLQJRIVXSHUVWLWLRXVGUHDGVRPXFKWKH
VWURQJHULQKLPDVLWDURVHIURPDYDULHW\RIFRUURERUDWLYH
UHFROOHFWLRQVZKLOHWKHWHUURURIWKHFRXQWHVVVSUDQJIURP
DQLQVWLQFWLYHEHOLHIRULJLQDOO\FUHDWHGLQKHUPLQGE\WKH
ZLOGWDOHVVKHKDGOLVWHQHGWRWLOOVKHEHOLHYHGWKHP
WUXWKV)UDQ]FRXOGHYHQIHHOKHUDUPWUHPEOHDVKHDVVLVWHG
KHULQWRWKHFDUULDJH8SRQDUULYLQJDWKHUKRWHO)UDQ]
SHUFHLYHGWKDWVKHKDGGHFHLYHGKLPZKHQVKHVSRNHRI
H[SHFWLQJFRPSDQ\RQWKHFRQWUDU\KHURZQUHWXUQEHIRUH
WKHDSSRLQWHGKRXUVHHPHGJUHDWO\WRDVWRQLVKWKHVHUYDQWV
([FXVHP\OLWWOHVXEWHUIXJHVDLGWKHFRXQWHVVLQUHSO\
WRKHUFRPSDQLRQ
VKDOIUHSURDFKIXOREVHUYDWLRQRQWKH
VXEMHFWEXWWKDWKRUULGPDQKDGPDGHPHIHHOTXLWH
XQFRPIRUWDEOHDQG,ORQJHGWREHDORQHWKDW,PLJKW
FRPSRVHP\VWDUWOHGPLQG)UDQ]HVVD\HGWRVPLOH1D\
VDLGVKHGRQRWVPLOHLWLOODFFRUGVZLWKWKHH[SUHVVLRQ
RI\RXUFRXQWHQDQFHDQG,DPVXUHLWGRHVQRWVSULQJIURP
\RXUKHDUWKRZHYHUSURPLVHPHRQHWKLQJ
:KDWLVLW"
3URPLVHPH,VD\
,ZLOOGRDQ\WKLQJ\RXGHVLUHH[FHSWUHOLQTXLVKP\
GHWHUPLQDWLRQRIILQGLQJRXWZKRWKLVPDQLV,KDYHPRUH
UHDVRQVWKDQ\RXFDQLPDJLQHIRUGHVLULQJWRNQRZZKRKHLV

417

IURPZKHQFHKHFDPHDQGZKLWKHUKHLVJRLQJ
:KHUHKHFRPHVIURP,DPLJQRUDQWEXW,FDQUHDGLO\WHOO
\RXZKHUHKHLVJRLQJWRDQGWKDWLVGRZQEHORZZLWKRXW
WKHOHDVWGRXEW
/HWXVRQO\VSHDNRIWKHSURPLVH\RXZLVKHGPHWRPDNH
VDLG)UDQ]
:HOOWKHQ\RXPXVWJLYHPH\RXUZRUGWRUHWXUQ
LPPHGLDWHO\WR\RXUKRWHODQGPDNHQRDWWHPSWWRIROORZ
WKLVPDQWRQLJKW7KHUHDUHFHUWDLQDIILQLWLHVEHWZHHQWKH
SHUVRQVZHTXLWDQGWKRVHZHPHHWDIWHUZDUGV)RUKHDYHQ
V
VDNHGRQRWVHUYHDVDFRQGXFWRUEHWZHHQWKDWPDQDQGPH
3XUVXH\RXUFKDVHDIWHUKLPWRPRUURZDVHDJHUO\DV\RX
SOHDVHEXWQHYHUEULQJKLPQHDUPHLI\RXZRXOGQRWVHHPH
GLHRIWHUURU$QGQRZJRRGQLJKWJRWR\RXUURRPVDQG
WU\WRVOHHSDZD\DOOUHFROOHFWLRQVRIWKLVHYHQLQJ)RUP\
RZQSDUW,DPTXLWHVXUH,VKDOOQRWEHDEOHWRFORVHP\
H\HV6RVD\LQJWKHFRXQWHVVTXLWWHG)UDQ]OHDYLQJKLP
XQDEOHWRGHFLGHZKHWKHUVKHZHUHPHUHO\DPXVLQJKHUVHOIDW
KLVH[SHQVHRUZKHWKHUKHUIHDUVDQGDJLWDWLRQVZHUH
JHQXLQH
8SRQKLVUHWXUQWRWKHKRWHO)UDQ]IRXQG$OEHUWLQKLV
GUHVVLQJJRZQDQGVOLSSHUVOLVWOHVVO\H[WHQGHGRQDVRID
VPRNLQJDFLJDU0\GHDUIHOORZFULHGKHVSULQJLQJXS
LVLWUHDOO\\RX":K\,GLGQRWH[SHFWWRVHH\RXEHIRUH
WRPRUURZ
0\GHDU$OEHUWUHSOLHG)UDQ],DPJODGRIWKLV
RSSRUWXQLW\WRWHOO\RXRQFHDQGIRUHYHUWKDW\RX
HQWHUWDLQDPRVWHUURQHRXVQRWLRQFRQFHUQLQJ,WDOLDQZRPHQ
,VKRXOGKDYHWKRXJKWWKHFRQWLQXDOIDLOXUHV\RXKDYHPHW
ZLWKLQDOO\RXURZQORYHDIIDLUVPLJKWKDYHWDXJKW\RX
EHWWHUE\WKLVWLPH
8SRQP\VRXOWKHVHZRPHQZRXOGSX]]OHWKHYHU\'HYLOWR
UHDGWKHPDULJKW:K\KHUHWKH\JLYH\RXWKHLUKDQG
WKH\SUHVV\RXUVLQUHWXUQWKH\NHHSXSDZKLVSHULQJ
FRQYHUVDWLRQSHUPLW\RXWRDFFRPSDQ\WKHPKRPH:K\LID
3DULVLDQZHUHWRLQGXOJHLQDTXDUWHURIWKHVHPDUNVRI
IODWWHULQJDWWHQWLRQKHUUHSXWDWLRQZRXOGEHJRQHIRUHYHU

418

$QGWKHYHU\UHDVRQZK\WKHZRPHQRIWKLVILQHFRXQWU\SXW
VROLWWOHUHVWUDLQWRQWKHLUZRUGVDQGDFWLRQVLVEHFDXVH
WKH\OLYHVRPXFKLQSXEOLFDQGKDYHUHDOO\QRWKLQJWR
FRQFHDO%HVLGHV\RXPXVWKDYHSHUFHLYHGWKDWWKHFRXQWHVV
ZDVUHDOO\DODUPHG
$WZKDW"$WWKHVLJKWRIWKDWUHVSHFWDEOHJHQWOHPDQVLWWLQJ
RSSRVLWHWRXVLQWKHVDPHER[ZLWKWKHORYHO\*UHHNJLUO"
1RZIRUP\SDUW,PHWWKHPLQWKHOREE\DIWHUWKH
FRQFOXVLRQRIWKHSLHFHDQGKDQJPHLI,FDQJXHVVZKHUH
\RXWRRN\RXUQRWLRQVRIWKHRWKHUZRUOGIURP,FDQDVVXUH
\RXWKDWWKLVKREJREOLQRI\RXUVLVDGHXFHGILQHORRNLQJ
IHOORZDGPLUDEO\GUHVVHG,QGHHG,IHHOTXLWHVXUHIURP
WKHFXWRIKLVFORWKHVWKH\DUHPDGHE\DILUVWUDWH3DULV
WDLORUSUREDEO\%OLQRU+XPDQQ+HZDVUDWKHUWRRSDOH
FHUWDLQO\EXWWKHQ\RXNQRZSDOHQHVVLVDOZD\VORRNHG
XSRQDVDVWURQJSURRIRIDULVWRFUDWLFGHVFHQWDQG
GLVWLQJXLVKHGEUHHGLQJ)UDQ]VPLOHGIRUKHZHOO
UHPHPEHUHGWKDW$OEHUWSDUWLFXODUO\SULGHGKLPVHOIRQWKH
HQWLUHDEVHQFHRIFRORULQKLVRZQFRPSOH[LRQ
:HOOWKDWWHQGVWRFRQILUPP\RZQLGHDVVDLG)UDQ]
WKDWWKHFRXQWHVV
VVXVSLFLRQVZHUHGHVWLWXWHDOLNHRI
VHQVHDQGUHDVRQ'LGKHVSHDNLQ\RXUKHDULQJ"DQGGLG\RX
FDWFKDQ\RIKLVZRUGV"
,GLGEXWWKH\ZHUHXWWHUHGLQWKH5RPDLFGLDOHFW,NQHZ
WKDWIURPWKHPL[WXUHRI*UHHNZRUGV,GRQ
WNQRZZKHWKHU,
HYHUWROG\RXWKDWZKHQ,ZDVDWFROOHJH,ZDVUDWKHU
UDWKHUVWURQJLQ*UHHN
+HVSRNHWKH5RPDLFODQJXDJHGLGKH"
,WKLQNVR
7KDWVHWWOHVLWPXUPXUHG)UDQ]
7LVKHSDVWDOO
GRXEW
:KDWGR\RXVD\"
1RWKLQJQRWKLQJ%XWWHOOPHZKDWZHUH\RXWKLQNLQJDERXW
ZKHQ,FDPHLQ"
2K,ZDVDUUDQJLQJDOLWWOHVXUSULVHIRU\RX

419

,QGHHG2IZKDWQDWXUH"
:K\\RXNQRZLWLVTXLWHLPSRVVLEOHWRSURFXUHD
FDUULDJH
&HUWDLQO\DQG,DOVRNQRZWKDWZHKDYHGRQHDOOWKDWKXPDQ
PHDQVDIIRUGHGWRHQGHDYRUWRJHWRQH
1RZWKHQLQWKLVGLIILFXOW\DEULJKWLGHDKDVIODVKHG
DFURVVP\EUDLQ)UDQ]ORRNHGDW$OEHUWDVWKRXJKKHKDG
QRWPXFKFRQILGHQFHLQWKHVXJJHVWLRQVRIKLVLPDJLQDWLRQ
,WHOO\RXZKDW6LU)UDQ]FULHG$OEHUW\RXGHVHUYHWR
EHFDOOHGRXWIRUVXFKDPLVJLYLQJDQGLQFUHGXORXVJODQFHDV
WKDW\RXZHUHSOHDVHGWREHVWRZRQPHMXVWQRZ
$QG,SURPLVHWRJLYH\RXWKHVDWLVIDFWLRQRIDJHQWOHPDQ
LI\RXUVFKHPHWXUQVRXWDVLQJHQLRXVDV\RXDVVHUW
:HOOWKHQKHDUNHQWRPH
,OLVWHQ
<RXDJUHHGR\RXQRWWKDWREWDLQLQJDFDUULDJHLVRXWRI
WKHTXHVWLRQ"
,GR
1HLWKHUFDQZHSURFXUHKRUVHV"
7UXHZHKDYHRIIHUHGDQ\VXPEXWKDYHIDLOHG
:HOOQRZZKDWGR\RXVD\WRDFDUW",GDUHVD\VXFKD
WKLQJPLJKWEHKDG
9HU\SRVVLEO\
$QGDSDLURIR[HQ"
$VHDVLO\IRXQGDVWKHFDUW
7KHQ\RXVHHP\JRRGIHOORZZLWKDFDUWDQGDFRXSOHRI
R[HQRXUEXVLQHVVFDQEHPDQDJHG7KHFDUWPXVWEH
WDVWHIXOO\RUQDPHQWHGDQGLI\RXDQG,GUHVVRXUVHOYHVDV

420

1HDSROLWDQUHDSHUVZHPD\JHWXSDVWULNLQJWDEOHDXDIWHU
WKHPDQQHURIWKDWVSOHQGLGSLFWXUHE\/HRSROG5REHUW,W
ZRXOGDGGJUHDWO\WRWKHHIIHFWLIWKHFRXQWHVVZRXOGMRLQ
XVLQWKHFRVWXPHRIDSHDVDQWIURP3X]]ROLRU6RUUHQWR2XU
JURXSZRXOGWKHQEHTXLWHFRPSOHWHPRUHHVSHFLDOO\DVWKH
FRXQWHVVLVTXLWHEHDXWLIXOHQRXJKWRUHSUHVHQWDPDGRQQD
:HOOVDLG)UDQ]WKLVWLPH$OEHUW,DPERXQGWRJLYH
\RXFUHGLWIRUKDYLQJKLWXSRQDPRVWFDSLWDOLGHD
$QGTXLWHDQDWLRQDORQHWRRUHSOLHG$OEHUWZLWK
JUDWLILHGSULGH$PHUHPDVTXHERUURZHGIURPRXURZQ
IHVWLYLWLHV+DKD\H5RPDQV\RXWKRXJKWWRPDNHXV
XQKDSS\VWUDQJHUVWURWDWWKHKHHOVRI\RXUSURFHVVLRQV
OLNHVRPDQ\OD]]DURQLEHFDXVHQRFDUULDJHVRUKRUVHVDUH
WREHKDGLQ\RXUEHJJDUO\FLW\%XW\RXGRQ
WNQRZXVZKHQ
ZHFDQ
WKDYHRQHWKLQJZHLQYHQWDQRWKHU
$QGKDYH\RXFRPPXQLFDWHG\RXUWULXPSKDQWLGHDWRDQ\ERG\"
2QO\WRRXUKRVW8SRQP\UHWXUQKRPH,VHQWIRUKLPDQG,
WKHQH[SODLQHGWRKLPZKDW,ZLVKHGWRSURFXUH+HDVVXUHG
PHWKDWQRWKLQJZRXOGEHHDVLHUWKDQWRIXUQLVKDOO,
GHVLUHG2QHWKLQJ,ZDVVRUU\IRUZKHQ,EDGHKLPKDYHWKH
KRUQVRIWKHR[HQJLOGHGKHWROGPHWKHUHZRXOGQRWEH
WLPHDVLWZRXOGUHTXLUHWKUHHGD\VWRGRWKDWVR\RXVHH
ZHPXVWGRZLWKRXWWKLVOLWWOHVXSHUIOXLW\
$QGZKHUHLVKHQRZ"
:KR"
2XUKRVW
*RQHRXWLQVHDUFKRIRXUHTXLSDJHE\WRPRUURZLWPLJKW
EHWRRODWH
7KHQKHZLOOEHDEOHWRJLYHXVDQDQVZHUWRQLJKW
2K,H[SHFWKLPHYHU\PLQXWH$WWKLVLQVWDQWWKHGRRU
RSHQHGDQGWKHKHDGRI6LJQRU3DVWULQLDSSHDUHG
3HUPHVVR"LQTXLUHGKH
&HUWDLQO\FHUWDLQO\FULHG)UDQ]&RPHLQPLQHKRVW

421

1RZWKHQDVNHG$OEHUWHDJHUO\KDYH\RXIRXQGWKH
GHVLUHGFDUWDQGR[HQ"
%HWWHUWKDQWKDWUHSOLHG6LJQRU3DVWULQLZLWKWKHDLURI
DPDQSHUIHFWO\ZHOOVDWLVILHGZLWKKLPVHOI
7DNHFDUHP\ZRUWK\KRVWVDLG$OEHUWEHWWHULVDVXUH
HQHP\WRZHOO
/HW\RXUH[FHOOHQFLHVRQO\OHDYHWKHPDWWHUWRPH
UHWXUQHG6LJQRU3DVWULQLLQDWRQHLQGLFDWLYHRIXQERXQGHG
VHOIFRQILGHQFH
%XWZKDWKDYH\RXGRQH"DVNHG)UDQ]6SHDNRXWWKHUH
VD
ZRUWK\IHOORZ
<RXUH[FHOOHQFLHVDUHDZDUHUHVSRQGHGWKHODQGORUG
VZHOOLQJZLWKLPSRUWDQFHWKDWWKH&RXQWRI0RQWH&ULVWRLV
OLYLQJRQWKHVDPHIORRUZLWK\RXUVHOYHV
,VKRXOGWKLQNZHGLGNQRZLWH[FODLPHG$OEHUWVLQFHLW
LVRZLQJWRWKDWFLUFXPVWDQFHWKDWZHDUHSDFNHGLQWRWKHVH
VPDOOURRPVOLNHWZRSRRUVWXGHQWVLQWKHEDFNVWUHHWVRI
3DULV
:KHQWKHQWKH&RXQWRI0RQWH&ULVWRKHDULQJRIWKH
GLOHPPDLQZKLFK\RXDUHSODFHGKDVVHQWWRRIIHU\RXVHDWV
LQKLVFDUULDJHDQGWZRSODFHVDWKLVZLQGRZVLQWKH3DOD]]R
5RVSROL7KHIULHQGVORRNHGDWHDFKRWKHUZLWKXQXWWHUDEOH
VXUSULVH
%XWGR\RXWKLQNDVNHG$OEHUWWKDWZHRXJKWWRDFFHSW
VXFKRIIHUVIURPDSHUIHFWVWUDQJHU"
:KDWVRUWRISHUVRQLVWKLV&RXQWRI0RQWH&ULVWR"DVNHG
)UDQ]RIKLVKRVW$YHU\JUHDWQREOHPDQEXWZKHWKHU
0DOWHVHRU6LFLOLDQ,FDQQRWH[DFWO\VD\EXWWKLV,NQRZ
WKDWKHLVQREOHDVD%RUJKHVHDQGULFKDVDJROGPLQH
,WVHHPVWRPHVDLG)UDQ]VSHDNLQJLQDQXQGHUWRQHWR
$OEHUWWKDWLIWKLVSHUVRQPHULWHGWKHKLJKSDQHJ\ULFVRI
RXUODQGORUGKHZRXOGKDYHFRQYH\HGKLVLQYLWDWLRQWKURXJK
DQRWKHUFKDQQHODQGQRWSHUPLWWHGLWWREHEURXJKWWRXVLQ

422

WKLVXQFHUHPRQLRXVZD\+HZRXOGKDYHZULWWHQRU
$WWKLVLQVWDQWVRPHRQHNQRFNHGDWWKHGRRU&RPHLQ
VDLG)UDQ]$VHUYDQWZHDULQJDOLYHU\RIFRQVLGHUDEOH
VW\OHDQGULFKQHVVDSSHDUHGDWWKHWKUHVKROGDQGSODFLQJ
WZRFDUGVLQWKHODQGORUG
VKDQGVZKRIRUWKZLWKSUHVHQWHG
WKHPWRWKHWZR\RXQJPHQKHVDLG3OHDVHWRGHOLYHU
WKHVHIURPWKH&RXQWRI0RQWH&ULVWRWR9LVFRPWH$OEHUWGH
0RUFHUIDQG0)UDQ]G
(SLQD\7KH&RXQWRI0RQWH&ULVWR
FRQWLQXHGWKHVHUYDQWEHJVWKHVHJHQWOHPHQ
VSHUPLVVLRQWR
ZDLWXSRQWKHPDVWKHLUQHLJKERUDQGKHZLOOEHKRQRUHGE\
DQLQWLPDWLRQRIZKDWWLPHWKH\ZLOOSOHDVHWRUHFHLYHKLP
)DLWK)UDQ]ZKLVSHUHG$OEHUWWKHUHLVQRWPXFKWRILQG
IDXOWZLWKKHUH
7HOOWKHFRXQWUHSOLHG)UDQ]WKDWZHZLOOGRRXUVHOYHV
WKHSOHDVXUHRIFDOOLQJRQKLP7KHVHUYDQWERZHGDQG
UHWLUHG
7KDWLVZKDW,FDOODQHOHJDQWPRGHRIDWWDFNVDLG
$OEHUW<RXZHUHTXLWHFRUUHFWLQZKDW\RXVDLG6LJQRU
3DVWULQL7KH&RXQWRI0RQWH&ULVWRLVXQTXHVWLRQDEO\DPDQ
RIILUVWUDWHEUHHGLQJDQGNQRZOHGJHRIWKHZRUOG
7KHQ\RXDFFHSWKLVRIIHU"VDLGWKHKRVW
2IFRXUVHZHGRUHSOLHG$OEHUW6WLOO,PXVWRZQ,DP
VRUU\WREHREOLJHGWRJLYHXSWKHFDUWDQGWKHJURXSRI
UHDSHUVLWZRXOGKDYHSURGXFHGVXFKDQHIIHFW$QGZHUH
LWQRWIRUWKHZLQGRZVDWWKH3DOD]]R5RVSROLE\ZD\RI
UHFRPSHQVHIRUWKHORVVRIRXUEHDXWLIXOVFKHPH,GRQ
W
NQRZEXWZKDW,VKRXOGKDYHKHOGRQE\P\RULJLQDOSODQ
:KDWVD\\RX)UDQ]"
2K,DJUHHZLWK\RXWKHZLQGRZVLQWKH3DOD]]R5RVSROL
DORQHGHFLGHGPH7KHWUXWKZDVWKDWWKHPHQWLRQRIWZR
SODFHVLQWKH3DOD]]R5RVSROLKDGUHFDOOHGWR)UDQ]WKH
FRQYHUVDWLRQKHKDGRYHUKHDUGWKHSUHFHGLQJHYHQLQJLQWKH
UXLQVRIWKH&RORVVHXPEHWZHHQWKHP\VWHULRXVXQNQRZQDQG
WKH7UDQVWHYHULQLQZKLFKWKHVWUDQJHULQWKHFORDNKDG
XQGHUWDNHQWRREWDLQWKHIUHHGRPRIDFRQGHPQHGFULPLQDO
DQGLIWKLVPXIIOHGXSLQGLYLGXDOSURYHG DV)UDQ]IHOWVXUH
KHZRXOG WKHVDPHDVWKHSHUVRQKHKDGMXVWVHHQLQWKH

423

7HDWUR$UJHQWLQRWKHQKHVKRXOGEHDEOHWRHVWDEOLVKKLV
LGHQWLW\DQGDOVRWRSURVHFXWHKLVUHVHDUFKHVUHVSHFWLQJ
KLPZLWKSHUIHFWIDFLOLW\DQGIUHHGRP)UDQ]SDVVHGWKH
QLJKWLQFRQIXVHGGUHDPVUHVSHFWLQJWKHWZRPHHWLQJVKHKDG
DOUHDG\KDGZLWKKLVP\VWHULRXVWRUPHQWRUDQGLQZDNLQJ
VSHFXODWLRQVDVWRZKDWWKHPRUURZZRXOGSURGXFH7KHQH[W
GD\PXVWFOHDUXSHYHU\GRXEWDQGXQOHVVKLVQHDUQHLJKERU
DQGZRXOGEHIULHQGWKH&RXQWRI0RQWH&ULVWRSRVVHVVHG
WKHULQJRI*\JHVDQGE\LWVSRZHUZDVDEOHWRUHQGHU
KLPVHOILQYLVLEOHLWZDVYHU\FHUWDLQKHFRXOGQRWHVFDSH
WKLVWLPH(LJKWR
FORFNIRXQG)UDQ]XSDQGGUHVVHGZKLOH
$OEHUWZKRKDGQRWWKHVDPHPRWLYHVIRUHDUO\ULVLQJZDV
VWLOOVRXQGO\DVOHHS7KHILUVWDFWRI)UDQ]ZDVWRVXPPRQ
KLVODQGORUGZKRSUHVHQWHGKLPVHOIZLWKKLVDFFXVWRPHG
REVHTXLRXVQHVV
3UD\6LJQRU3DVWULQLDVNHG)UDQ]LVQRWVRPHH[HFXWLRQ
DSSRLQWHGWRWDNHSODFHWRGD\"
<HV\RXUH[FHOOHQF\EXWLI\RXUUHDVRQIRULQTXLU\LV
WKDW\RXPD\SURFXUHDZLQGRZWRYLHZLWIURP\RXDUHPXFK
WRRODWH
2KQRDQVZHUHG)UDQ],KDGQRVXFKLQWHQWLRQDQGHYHQ
LI,KDGIHOWDZLVKWRZLWQHVVWKHVSHFWDFOH,PLJKWKDYH
GRQHVRIURP0RQWH3LQFLRFRXOG,QRW"
$KH[FODLPHGPLQHKRVW,GLGQRWWKLQNLWOLNHO\\RXU
H[FHOOHQF\ZRXOGKDYHFKRVHQWRPLQJOHZLWKVXFKDUDEEOHDV
DUHDOZD\VFROOHFWHGRQWKDWKLOOZKLFKLQGHHGWKH\
FRQVLGHUDVH[FOXVLYHO\EHORQJLQJWRWKHPVHOYHV
9HU\SRVVLEO\,PD\QRWJRDQVZHUHG)UDQ]EXWLQFDVH,
IHHOGLVSRVHGJLYHPHVRPHSDUWLFXODUVRIWRGD\
V
H[HFXWLRQV
:KDWSDUWLFXODUVZRXOG\RXUH[FHOOHQF\OLNHWRKHDU"
:K\WKHQXPEHURISHUVRQVFRQGHPQHGWRVXIIHUWKHLU
QDPHVDQGGHVFULSWLRQRIWKHGHDWKWKH\DUHWRGLH
7KDWKDSSHQVMXVWOXFN\\RXUH[FHOOHQF\2QO\DIHZ
PLQXWHVDJRWKH\EURXJKWPHWKHWDYROHWWDV

424

:KDWDUHWKH\"
6RUWRIZRRGHQWDEOHWVKXQJXSDWWKHFRUQHUVRIVWUHHWV
WKHHYHQLQJEHIRUHDQH[HFXWLRQRQZKLFKLVSDVWHGXSD
SDSHUFRQWDLQLQJWKHQDPHVRIWKHFRQGHPQHGSHUVRQVWKHLU
FULPHVDQGPRGHRISXQLVKPHQW7KHUHDVRQIRUVRSXEOLFO\
DQQRXQFLQJDOOWKLVLVWKDWDOOJRRGDQGIDLWKIXO&DWKROLFV
PD\RIIHUXSWKHLUSUD\HUVIRUWKHXQIRUWXQDWHFXOSULWV
DQGDERYHDOOEHVHHFKRIKHDYHQWRJUDQWWKHPDVLQFHUH
UHSHQWDQFH
$QGWKHVHWDEOHWVDUHEURXJKWWR\RXWKDW\RXPD\DGG\RXU
SUD\HUVWRWKRVHRIWKHIDLWKIXODUHWKH\"DVNHG)UDQ]
VRPHZKDWLQFUHGXORXVO\
2KGHDUQR\RXUH[FHOOHQF\,KDYHQRWWLPHIRU
DQ\ERG\
VDIIDLUVEXWP\RZQDQGWKRVHRIP\KRQRUDEOH
JXHVWVEXW,PDNHDQDJUHHPHQWZLWKWKHPDQZKRSDVWHVXS
WKHSDSHUVDQGKHEULQJVWKHPWRPHDVKHZRXOGWKH
SOD\ELOOVWKDWLQFDVHDQ\SHUVRQVWD\LQJDWP\KRWHO
VKRXOGOLNHWRZLWQHVVDQH[HFXWLRQKHPD\REWDLQHYHU\
UHTXLVLWHLQIRUPDWLRQFRQFHUQLQJWKHWLPHDQGSODFHHWF
8SRQP\ZRUGWKDWLVDPRVWGHOLFDWHDWWHQWLRQRQ\RXU
SDUW6LJQRU3DVWULQLFULHG)UDQ]
:K\\RXUH[FHOOHQF\UHWXUQHGWKHODQGORUGFKXFNOLQJDQG
UXEELQJKLVKDQGVZLWKLQILQLWHFRPSODFHQF\,WKLQN,PD\
WDNHXSRQP\VHOIWRVD\,QHJOHFWQRWKLQJWRGHVHUYHWKH
VXSSRUWDQGSDWURQDJHRIWKHQREOHYLVLWRUVWRWKLVSRRU
KRWHO
,VHHWKDWSODLQO\HQRXJKP\PRVWH[FHOOHQWKRVWDQG\RX
PD\UHO\XSRQPHWRSURFODLPVRVWULNLQJDSURRIRI\RXU
DWWHQWLRQWR\RXUJXHVWVZKHUHYHU,JR0HDQZKLOHREOLJHPH
E\DVLJKWRIRQHRIWKHVHWDYROHWWDV
1RWKLQJFDQEHHDVLHUWKDQWRFRPSO\ZLWK\RXUH[FHOOHQF\
V
ZLVKVDLGWKHODQGORUGRSHQLQJWKHGRRURIWKHFKDPEHU
,KDYHFDXVHGRQHWREHSODFHGRQWKHODQGLQJFORVHE\
\RXUDSDUWPHQW7KHQWDNLQJWKHWDEOHWIURPWKHZDOOKH
KDQGHGLWWR)UDQ]ZKRUHDGDVIROORZV
C7KHSXEOLFLVLQIRUPHGWKDWRQ:HGQHVGD\)HEUXDU\G

425

EHLQJWKHILUVWGD\RIWKH&DUQLYDOH[HFXWLRQVZLOOWDNH
SODFHLQWKH3LD]]DGHO3RSRORE\RUGHURIWKH7ULEXQDORI
WKH5RWDRIWZRSHUVRQVQDPHG$QGUHD5RQGRODDQG3HSSLQR
RWKHUZLVHFDOOHG5RFFD3ULRULWKHIRUPHUIRXQGJXLOW\RI
WKHPXUGHURIDYHQHUDEOHDQGH[HPSODU\SULHVWQDPHG'RQ
&HVDUH7RUOLQLFDQRQRIWKHFKXUFKRI6W-RKQ/DWHUDQDQG
WKHODWWHUFRQYLFWHGRIEHLQJDQDFFRPSOLFHRIWKHDWURFLRXV
DQGVDQJXLQDU\EDQGLW/XLJL9DPSDDQGKLVEDQG7KH
ILUVWQDPHGPDOHIDFWRUZLOOEHVXEMHFWHGWRWKHPD]]XROD
WKHVHFRQGFXOSULWEHKHDGHG7KHSUD\HUVRIDOOJRRG
&KULVWLDQVDUHHQWUHDWHGIRUWKHVHXQIRUWXQDWHPHQWKDWLW
PD\SOHDVH*RGWRDZDNHQWKHPWRDVHQVHRIWKHLUJXLOWDQG
WRJUDQWWKHPDKHDUW\DQGVLQFHUHUHSHQWDQFHIRUWKHLU
FULPHV

7KLVZDVSUHFLVHO\ZKDW)UDQ]KDGKHDUGWKHHYHQLQJEHIRUH
LQWKHUXLQVRIWKH&RORVVHXP1RSDUWRIWKHSURJUDPPH
GLIIHUHGWKHQDPHVRIWKHFRQGHPQHGSHUVRQVWKHLU
FULPHVDQGPRGHRISXQLVKPHQWDOODJUHHGZLWKKLVSUHYLRXV
LQIRUPDWLRQ,QDOOSUREDELOLW\WKHUHIRUHWKH7UDQVWHYHULQ
ZDVQRRWKHUWKDQWKHEDQGLW/XLJL9DPSDKLPVHOIDQGWKH
PDQVKURXGHGLQWKHPDQWOHWKHVDPHKHKDGNQRZQDV6LQEDG
WKH6DLORUEXWZKRQRGRXEWZDVVWLOOSXUVXLQJKLV
SKLODQWKURSLFH[SHGLWLRQLQ5RPHDVKHKDGDOUHDG\GRQHDW
3RUWR9HFFKLRDQG7XQLV7LPHZDVJHWWLQJRQKRZHYHUDQG
)UDQ]GHHPHGLWDGYLVDEOHWRDZDNHQ$OEHUWEXWDWWKH
PRPHQWKHSUHSDUHGWRSURFHHGWRKLVFKDPEHUKLVIULHQG
HQWHUHGWKHURRPLQSHUIHFWFRVWXPHIRUWKHGD\7KH
DQWLFLSDWHGGHOLJKWVRIWKH&DUQLYDOKDGVRUXQLQKLVKHDG
DVWRPDNHKLPOHDYHKLVSLOORZORQJEHIRUHKLVXVXDOKRXU
1RZP\H[FHOOHQW6LJQRU3DVWULQLVDLG)UDQ]DGGUHVVLQJ
KLVODQGORUGVLQFHZHDUHERWKUHDG\GR\RXWKLQNZHPD\
SURFHHGDWRQFHWRYLVLWWKH&RXQWRI0RQWH&ULVWR"
0RVWDVVXUHGO\UHSOLHGKH7KH&RXQWRI0RQWH&ULVWRLV
DOZD\VDQHDUO\ULVHUDQG,FDQDQVZHUIRUKLVKDYLQJEHHQ
XSWKHVHWZRKRXUV
7KHQ\RXUHDOO\FRQVLGHUZHVKDOOQRWEHLQWUXGLQJLIZH
SD\RXUUHVSHFWVWRKLPGLUHFWO\"
2K,DPTXLWHVXUH,ZLOOWDNHDOOWKHEODPHRQP\VHOILI
\RXILQG,KDYHOHG\RXLQWRDQHUURU

426

:HOOWKHQLILWEHVRDUH\RXUHDG\$OEHUW"
3HUIHFWO\
/HWXVJRDQGUHWXUQRXUEHVWWKDQNVIRUKLVFRXUWHV\
<HVOHWXVGRVR7KHODQGORUGSUHFHGHGWKHIULHQGV
DFURVVWKHODQGLQJZKLFKZDVDOOWKDWVHSDUDWHGWKHPIURP
WKHDSDUWPHQWVRIWKHFRXQWUDQJDWWKHEHOODQGXSRQWKH
GRRUEHLQJRSHQHGE\DVHUYDQWVDLG,VLJQRUL)UDQFHVL
7KHGRPHVWLFERZHGUHVSHFWIXOO\DQGLQYLWHGWKHPWRHQWHU
7KH\SDVVHGWKURXJKWZRURRPVIXUQLVKHGLQDOX[XULRXV
PDQQHUWKH\KDGQRWH[SHFWHGWRVHHXQGHUWKHURRIRI6LJQRU
3DVWULQLDQGZHUHVKRZQLQWRDQHOHJDQWO\ILWWHGXS
GUDZLQJURRP7KHULFKHVW7XUNH\FDUSHWVFRYHUHGWKHIORRU
DQGWKHVRIWHVWDQGPRVWLQYLWLQJFRXFKHVHDV\FKDLUVDQG
VRIDVRIIHUHGWKHLUKLJKSLOHGDQG\LHOGLQJFXVKLRQVWR
VXFKDVGHVLUHGUHSRVHRUUHIUHVKPHQW6SOHQGLGSDLQWLQJVE\
WKHILUVWPDVWHUVZHUHUDQJHGDJDLQVWWKHZDOOV
LQWHUPLQJOHGZLWKPDJQLILFHQWWURSKLHVRIZDUZKLOHKHDY\
FXUWDLQVRIFRVWO\WDSHVWU\ZHUHVXVSHQGHGEHIRUHWKH
GLIIHUHQWGRRUVRIWKHURRP,I\RXUH[FHOOHQFLHVZLOO
SOHDVHWREHVHDWHGVDLGWKHPDQ,ZLOOOHWWKHFRXQW
NQRZWKDW\RXDUHKHUH
$QGZLWKWKHVHZRUGVKHGLVDSSHDUHGEHKLQGRQHRIWKH
WDSHVWULHGSRUWLHUHV$VWKHGRRURSHQHGWKHVRXQGRID
JX]ODUHDFKHGWKHHDUVRIWKH\RXQJPHQEXWZDVDOPRVW
LPPHGLDWHO\ORVWIRUWKHUDSLGFORVLQJRIWKHGRRUPHUHO\
DOORZHGRQHULFKVZHOORIKDUPRQ\WRHQWHU)UDQ]DQG$OEHUW
ORRNHGLQTXLULQJO\DWHDFKRWKHUWKHQDWWKHJRUJHRXV
IXUQLVKLQJVRIWKHDSDUWPHQW(YHU\WKLQJVHHPHGPRUH
PDJQLILFHQWDWDVHFRQGYLHZWKDQLWKDGGRQHDWWKHLUILUVW
UDSLGVXUYH\
:HOOVDLG)UDQ]WRKLVIULHQGZKDWWKLQN\RXRIDOO
WKLV"
:K\XSRQP\VRXOP\GHDUIHOORZLWVWULNHVPHWKDWRXU
HOHJDQWDQGDWWHQWLYHQHLJKERUPXVWHLWKHUEHVRPH
VXFFHVVIXOVWRFNMREEHUZKRKDVVSHFXODWHGLQWKHIDOORI
WKH6SDQLVKIXQGVRUVRPHSULQFHWUDYHOOLQJLQFRJ

427

+XVKKXVKUHSOLHG)UDQ]ZHVKDOODVFHUWDLQZKRDQG
ZKDWKHLVKHFRPHV$V)UDQ]VSRNHKHKHDUGWKHVRXQG
RIDGRRUWXUQLQJRQLWVKLQJHVDQGDOPRVWLPPHGLDWHO\
DIWHUZDUGVWKHWDSHVWU\ZDVGUDZQDVLGHDQGWKHRZQHURI
DOOWKHVHULFKHVVWRRGEHIRUHWKHWZR\RXQJPHQ$OEHUW
LQVWDQWO\URVHWRPHHWKLPEXW)UDQ]UHPDLQHGLQDPDQQHU
VSHOOERXQGRQKLVFKDLUIRULQWKHSHUVRQRIKLPZKRKDG
MXVWHQWHUHGKHUHFRJQL]HGQRWRQO\WKHP\VWHULRXVYLVLWDQW
WRWKH&RORVVHXPDQGWKHRFFXSDQWRIWKHER[DWWKH7HDWUR
$UJHQWLQREXWDOVRKLVH[WUDRUGLQDU\KRVWRI0RQWH&ULVWR

&KDSWHU
/D0D]]RODWD
*HQWOHPHQVDLGWKH&RXQWRI0RQWH&ULVWRDVKHHQWHUHG
,SUD\\RXH[FXVHPHIRUVXIIHULQJP\YLVLWWREH
DQWLFLSDWHGEXW,IHDUHGWRGLVWXUE\RXE\SUHVHQWLQJ
P\VHOIHDUOLHUDW\RXUDSDUWPHQWVEHVLGHV\RXVHQWPHZRUG
WKDW\RXZRXOGFRPHWRPHDQG,KDYHKHOGP\VHOIDW\RXU
GLVSRVDO
)UDQ]DQG,KDYHWRWKDQN\RXDWKRXVDQGWLPHVFRXQW
UHWXUQHG$OEHUW\RXH[WULFDWHGXVIURPDJUHDWGLOHPPD
DQGZHZHUHRQWKHSRLQWRILQYHQWLQJDYHU\IDQWDVWLF
YHKLFOHZKHQ\RXUIULHQGO\LQYLWDWLRQUHDFKHGXV
,QGHHGUHWXUQHGWKHFRXQWPRWLRQLQJWKHWZR\RXQJPHQWR
VLWGRZQ,WZDVWKHIDXOWRIWKDWEORFNKHDG3DVWULQLWKDW
,GLGQRWVRRQHUDVVLVW\RXLQ\RXUGLVWUHVV+HGLGQRW
PHQWLRQDV\OODEOHRI\RXUHPEDUUDVVPHQWWRPHZKHQKH
NQRZVWKDWDORQHDQGLVRODWHGDV,DP,VHHNHYHU\
RSSRUWXQLW\RIPDNLQJWKHDFTXDLQWDQFHRIP\QHLJKERUV$V
VRRQDV,OHDUQHG,FRXOGLQDQ\ZD\DVVLVW\RX,PRVW
HDJHUO\VHL]HGWKHRSSRUWXQLW\RIRIIHULQJP\VHUYLFHV7KH
WZR\RXQJPHQERZHG)UDQ]KDGDV\HWIRXQGQRWKLQJWR
VD\KHKDGFRPHWRQRGHWHUPLQDWLRQDQGDVQRWKLQJLQWKH
FRXQW
VPDQQHUPDQLIHVWHGWKHZLVKWKDWKHVKRXOGUHFRJQL]H
KLPKHGLGQRWNQRZZKHWKHUWRPDNHDQ\DOOXVLRQWRWKH
SDVWRUZDLWXQWLOKHKDGPRUHSURRIEHVLGHVDOWKRXJK
VXUHLWZDVKHZKRKDGEHHQLQWKHER[WKHSUHYLRXVHYHQLQJ
KHFRXOGQRWEHHTXDOO\SRVLWLYHWKDWWKLVZDVWKHPDQKH
KDGVHHQDWWKH&RORVVHXP+HUHVROYHGWKHUHIRUHWROHW

428

WKLQJVWDNHWKHLUFRXUVHZLWKRXWPDNLQJDQ\GLUHFWRYHUWXUH
WRWKHFRXQW0RUHRYHUKHKDGWKLVDGYDQWDJHKHZDVPDVWHU
RIWKHFRXQW
VVHFUHWZKLOHWKHFRXQWKDGQRKROGRQ)UDQ]
ZKRKDGQRWKLQJWRFRQFHDO+RZHYHUKHUHVROYHGWROHDGWKH
FRQYHUVDWLRQWRDVXEMHFWZKLFKPLJKWSRVVLEO\FOHDUXSKLV
GRXEWV
&RXQWVDLGKH\RXKDYHRIIHUHGXVSODFHVLQ\RXU
FDUULDJHDQGDW\RXUZLQGRZVLQWKH5RVSROL3DODFH&DQ\RX
WHOOXVZKHUHZHFDQREWDLQDVLJKWRIWKH3LD]]DGHO
3RSROR"
$KVDLGWKHFRXQWQHJOLJHQWO\ORRNLQJDWWHQWLYHO\DW
0RUFHUILVWKHUHQRWVRPHWKLQJOLNHDQH[HFXWLRQXSRQWKH
3LD]]DGHO3RSROR"
<HVUHWXUQHG)UDQ]ILQGLQJWKDWWKHFRXQWZDVFRPLQJWR
WKHSRLQWKHZLVKHG
6WD\,WKLQN,WROGP\VWHZDUG\HVWHUGD\WRDWWHQGWR
WKLVSHUKDSV,FDQUHQGHU\RXWKLVVOLJKWVHUYLFHDOVR+H
H[WHQGHGKLVKDQGDQGUDQJWKHEHOOWKULFH'LG\RXHYHU
RFFXS\\RXUVHOIVDLGKHWR)UDQ]ZLWKWKHHPSOR\PHQWRI
WLPHDQGWKHPHDQVRIVLPSOLI\LQJWKHVXPPRQLQJ\RXU
VHUYDQWV",KDYH:KHQ,ULQJRQFHLWLVIRUP\YDOHW
WZLFHIRUP\PDMRUGRPRWKULFHIRUP\VWHZDUGWKXV,
GRQRWZDVWHDPLQXWHRUDZRUG+HUHKHLV$PDQRIDERXW
IRUW\ILYHRUILIW\HQWHUHGH[DFWO\UHVHPEOLQJWKHVPXJJOHU
ZKRKDGLQWURGXFHG)UDQ]LQWRWKHFDYHUQEXWKHGLGQRW
DSSHDUWRUHFRJQL]HKLP,WZDVHYLGHQWKHKDGKLVRUGHUV
0RQVLHXU%HUWXFFLRVDLGWKHFRXQW\RXKDYHSURFXUHGPH
ZLQGRZVORRNLQJRQWKH3LD]]DGHO3RSRORDV,RUGHUHG\RX
\HVWHUGD\
<HVH[FHOOHQF\UHWXUQHGWKHVWHZDUGEXWLWZDVYHU\
ODWH
'LG,QRWWHOO\RX,ZLVKHGIRURQH"UHSOLHGWKHFRXQW
IURZQLQJ
$QG\RXUH[FHOOHQF\KDVRQHZKLFKZDVOHWWR3ULQFH
/REDQLHIIEXW,ZDVREOLJHGWRSD\DKXQGUHG
7KDWZLOOGRWKDWZLOOGR0RQVLHXU%HUWXFFLRVSDUH

429

WKHVHJHQWOHPHQDOOVXFKGRPHVWLFDUUDQJHPHQWV<RXKDYHWKH
ZLQGRZWKDWLVVXIILFLHQW*LYHRUGHUVWRWKHFRDFKPDQDQG
EHLQUHDGLQHVVRQWKHVWDLUVWRFRQGXFWXVWRLW7KH
VWHZDUGERZHGDQGZDVDERXWWRTXLWWKHURRP$K
FRQWLQXHGWKHFRXQWEHJRRGHQRXJKWRDVN3DVWULQLLIKH
KDVUHFHLYHGWKHWDYROHWWDDQGLIKHFDQVHQGXVDQDFFRXQW
RIWKHH[HFXWLRQ
7KHUHLVQRQHHGWRGRWKDWVDLG)UDQ]WDNLQJRXWKLV
WDEOHWVIRU,VDZWKHDFFRXQWDQGFRSLHGLWGRZQ
9HU\ZHOO\RXFDQUHWLUH0%HUWXFFLREXWOHWXVNQRZ
ZKHQEUHDNIDVWLVUHDG\7KHVHJHQWOHPHQDGGHGKHWXUQLQJ
WRWKHWZRIULHQGVZLOO,WUXVWGRPHWKHKRQRUWR
EUHDNIDVWZLWKPH"
%XWP\GHDUFRXQWVDLG$OEHUWZHVKDOODEXVH\RXU
NLQGQHVV
1RWDWDOORQWKHFRQWUDU\\RXZLOOJLYHPHJUHDW
SOHDVXUH<RXZLOORQHRURWKHURI\RXSHUKDSVERWK
UHWXUQLWWRPHDW3DULV0%HUWXFFLROD\FRYHUVIRU
WKUHH+HWKHQWRRN)UDQ]
VWDEOHWVRXWRIKLVKDQGC:H
DQQRXQFH
KHUHDGLQWKHVDPHWRQHZLWKZKLFKKHZRXOG
KDYHUHDGDQHZVSDSHUCWKDWWRGD\WKHGRI)HEUXDU\
ZLOOEHH[HFXWHG$QGUHD5RQGRORJXLOW\RIPXUGHURQWKH
SHUVRQRIWKHUHVSHFWHGDQGYHQHUDWHG'RQ&HVDUH7RUOLQL
FDQRQRIWKHFKXUFKRI6W-RKQ/DWHUDQDQG3HSSLQRFDOOHG
5RFFD3ULRULFRQYLFWHGRIFRPSOLFLW\ZLWKWKHGHWHVWDEOH
EDQGLW/XLJL9DPSDDQGWKHPHQRIKLVEDQG
+XPC7KH
ILUVWZLOOEHPD]]RODWRWKHVHFRQGGHFDSLWDWR
<HV
FRQWLQXHGWKHFRXQWLWZDVDWILUVWDUUDQJHGLQWKLVZD\
EXW,WKLQNVLQFH\HVWHUGD\VRPHFKDQJHKDVWDNHQSODFHLQ
WKHRUGHURIWKHFHUHPRQ\
5HDOO\"VDLG)UDQ]
<HV,SDVVHGWKHHYHQLQJDWWKH&DUGLQDO5RVSLJOLRVL
V
DQGWKHUHPHQWLRQZDVPDGHRIVRPHWKLQJOLNHDSDUGRQIRU
RQHRIWKHWZRPHQ
)RU$QGUHD5RQGROR"DVNHG)UDQ]
1RUHSOLHGWKHFRXQWFDUHOHVVO\IRUWKHRWKHU KH

430

JODQFHGDWWKHWDEOHWVDVLIWRUHFDOOWKHQDPH IRU
3HSSLQRFDOOHG5RFFD3ULRUL<RXDUHWKXVGHSULYHGRI
VHHLQJDPDQJXLOORWLQHGEXWWKHPD]]XRODVWLOOUHPDLQV
ZKLFKLVDYHU\FXULRXVSXQLVKPHQWZKHQVHHQIRUWKHILUVW
WLPHDQGHYHQWKHVHFRQGZKLOHWKHRWKHUDV\RXPXVW
NQRZLVYHU\VLPSOH7KHPDQGDLD QHYHUIDLOVQHYHU
WUHPEOHVQHYHUVWULNHVWKLUW\WLPHVLQHIIHFWXDOO\OLNHWKH
VROGLHUZKREHKHDGHGWKH&RXQWRI&KDODLVDQGWRZKRVH
WHQGHUPHUF\5LFKHOLHXKDGGRXEWOHVVUHFRPPHQGHGWKH
VXIIHUHU$KDGGHGWKHFRXQWLQDFRQWHPSWXRXVWRQHGR
QRWWHOOPHRI(XURSHDQSXQLVKPHQWVWKH\DUHLQWKH
LQIDQF\RUUDWKHUWKHROGDJHRIFUXHOW\
*XLOORWLQH
5HDOO\FRXQWUHSOLHG)UDQ]RQHZRXOGWKLQNWKDW\RX
KDGVWXGLHGWKHGLIIHUHQWWRUWXUHVRIDOOWKHQDWLRQVRIWKH
ZRUOG
7KHUHDUHDWOHDVWIHZWKDW,KDYHQRWVHHQVDLGWKH
FRXQWFROGO\
$QG\RXWRRNSOHDVXUHLQEHKROGLQJWKHVHGUHDGIXO
VSHFWDFOHV"
0\ILUVWVHQWLPHQWZDVKRUURUWKHVHFRQGLQGLIIHUHQFHWKH
WKLUGFXULRVLW\
&XULRVLW\WKDWLVDWHUULEOHZRUG
:K\VR",QOLIHRXUJUHDWHVWSUHRFFXSDWLRQLVGHDWKLVLW
QRWWKHQFXULRXVWRVWXG\WKHGLIIHUHQWZD\VE\ZKLFKWKH
VRXODQGERG\FDQSDUWDQGKRZDFFRUGLQJWRWKHLU
GLIIHUHQWFKDUDFWHUVWHPSHUDPHQWVDQGHYHQWKHGLIIHUHQW
FXVWRPVRIWKHLUFRXQWULHVGLIIHUHQWSHUVRQVEHDUWKH
WUDQVLWLRQIURPOLIHWRGHDWKIURPH[LVWHQFHWR
DQQLKLODWLRQ"$VIRUP\VHOI,FDQDVVXUH\RXRIRQHWKLQJ
WKHPRUHPHQ\RXVHHGLHWKHHDVLHULWEHFRPHVWRGLH
\RXUVHOIDQGLQP\RSLQLRQGHDWKPD\EHDWRUWXUHEXWLW
LVQRWDQH[SLDWLRQ
,GRQRWTXLWHXQGHUVWDQG\RXUHSOLHG)UDQ]SUD\
H[SODLQ\RXUPHDQLQJIRU\RXH[FLWHP\FXULRVLW\WRWKH
KLJKHVWSLWFK

431

/LVWHQVDLGWKHFRXQWDQGGHHSKDWUHGPRXQWHGWRKLV
IDFHDVWKHEORRGZRXOGWRWKHIDFHRIDQ\RWKHU,IDPDQ
KDGE\XQKHDUGRIDQGH[FUXFLDWLQJWRUWXUHVGHVWUR\HG\RXU
IDWKHU\RXUPRWKHU\RXUEHWURWKHGDEHLQJZKRZKHQ
WRUQIURP\RXOHIWDGHVRODWLRQDZRXQGWKDWQHYHUFORVHV
LQ\RXUEUHDVWGR\RXWKLQNWKHUHSDUDWLRQWKDWVRFLHW\
JLYHV\RXLVVXIILFLHQWZKHQLWLQWHUSRVHVWKHNQLIHRIWKH
JXLOORWLQHEHWZHHQWKHEDVHRIWKHRFFLSXWDQGWKHWUDSH]DO
PXVFOHVRIWKHPXUGHUHUDQGDOORZVKLPZKRKDVFDXVHGXV
\HDUVRIPRUDOVXIIHULQJVWRHVFDSHZLWKDIHZPRPHQWVRI
SK\VLFDOSDLQ"
<HV,NQRZVDLG)UDQ]WKDWKXPDQMXVWLFHLV
LQVXIILFLHQWWRFRQVROHXVVKHFDQJLYHEORRGLQUHWXUQIRU
EORRGWKDWLVDOOEXW\RXPXVWGHPDQGIURPKHURQO\ZKDW
LWLVLQKHUSRZHUWRJUDQW
,ZLOOSXWDQRWKHUFDVHWR\RXFRQWLQXHGWKHFRXQWWKDW
ZKHUHVRFLHW\DWWDFNHGE\WKHGHDWKRIDSHUVRQDYHQJHV
GHDWKE\GHDWK%XWDUHWKHUHQRWDWKRXVDQGWRUWXUHVE\
ZKLFKDPDQPD\EHPDGHWRVXIIHUZLWKRXWVRFLHW\WDNLQJWKH
OHDVWFRJQL]DQFHRIWKHPRURIIHULQJKLPHYHQWKH
LQVXIILFLHQWPHDQVRIYHQJHDQFHRIZKLFKZHKDYHMXVW
VSRNHQ"$UHWKHUHQRWFULPHVIRUZKLFKWKHLPSDOHPHQWRIWKH
7XUNVWKHDXJHUVRIWKH3HUVLDQVWKHVWDNHDQGWKHEUDQG
RIWKH,URTXRLV,QGLDQVDUHLQDGHTXDWHWRUWXUHVDQGZKLFK
DUHXQSXQLVKHGE\VRFLHW\"$QVZHUPHGRQRWWKHVHFULPHV
H[LVW"
<HVDQVZHUHG)UDQ]DQGLWLVWRSXQLVKWKHPWKDW
GXHOOLQJLVWROHUDWHG
$KGXHOOLQJFULHGWKHFRXQWDSOHDVDQWPDQQHUXSRQP\
VRXORIDUULYLQJDW\RXUHQGZKHQWKDWHQGLVYHQJHDQFH$
PDQKDVFDUULHGRII\RXUPLVWUHVVDPDQKDVVHGXFHG\RXU
ZLIHDPDQKDVGLVKRQRUHG\RXUGDXJKWHUKHKDVUHQGHUHG
WKHZKROHOLIHRIRQHZKRKDGWKHULJKWWRH[SHFWIURP
KHDYHQWKDWSRUWLRQRIKDSSLQHVV*RGKLVSURPLVHGWRHYHU\
RQHRIKLVFUHDWXUHVDQH[LVWHQFHRIPLVHU\DQGLQIDP\DQG
\RXWKLQN\RXDUHDYHQJHGEHFDXVH\RXVHQGDEDOOWKURXJK
WKHKHDGRUSDVVDVZRUGWKURXJKWKHEUHDVWRIWKDWPDQ
ZKRKDVSODQWHGPDGQHVVLQ\RXUEUDLQDQGGHVSDLULQ\RXU
KHDUW$QGUHPHPEHUPRUHRYHUWKDWLWLVRIWHQKHZKRFRPHV

432

RIIYLFWRULRXVIURPWKHVWULIHDEVROYHGRIDOOFULPHLQWKH
H\HVRIWKHZRUOG1RQRFRQWLQXHGWKHFRXQWKDG,WR
DYHQJHP\VHOILWLVQRWWKXV,ZRXOGWDNHUHYHQJH
7KHQ\RXGLVDSSURYHRIGXHOOLQJ"<RXZRXOGQRWILJKWD
GXHO"DVNHG$OEHUWLQKLVWXUQDVWRQLVKHGDWWKLVVWUDQJH
WKHRU\
2K\HVUHSOLHGWKHFRXQWXQGHUVWDQGPH,ZRXOGILJKW
DGXHOIRUDWULIOHIRUDQLQVXOWIRUDEORZDQGWKHPRUH
VRWKDWWKDQNVWRP\VNLOOLQDOOERGLO\H[HUFLVHVDQGWKH
LQGLIIHUHQFHWRGDQJHU,KDYHJUDGXDOO\DFTXLUHG,VKRXOG
EHDOPRVWFHUWDLQWRNLOOP\PDQ2K,ZRXOGILJKWIRUVXFK
DFDXVHEXWLQUHWXUQIRUDVORZSURIRXQGHWHUQDO
WRUWXUH,ZRXOGJLYHEDFNWKHVDPHZHUHLWSRVVLEOHDQ
H\HIRUDQH\HDWRRWKIRUDWRRWKDVWKH2ULHQWDOLVWV
VD\RXUPDVWHUVLQHYHU\WKLQJWKRVHIDYRUHG
FUHDWXUHVZKRKDYHIRUPHGIRUWKHPVHOYHVDOLIHRIGUHDPV
DQGDSDUDGLVHRIUHDOLWLHV
%XWVDLG)UDQ]WRWKHFRXQWZLWKWKLVWKHRU\ZKLFK
UHQGHUV\RXDWRQFHMXGJHDQGH[HFXWLRQHURI\RXURZQFDXVH
LWZRXOGEHGLIILFXOWWRDGRSWDFRXUVHWKDWZRXOGIRUHYHU
SUHYHQW\RXUIDOOLQJXQGHUWKHSRZHURIWKHODZ+DWUHGLV
EOLQGUDJHFDUULHV\RXDZD\DQGKHZKRSRXUVRXWYHQJHDQFH
UXQVWKHULVNRIWDVWLQJDELWWHUGUDXJKW
<HVLIKHEHSRRUDQGLQH[SHULHQFHGQRWLIKHEHULFKDQG
VNLOIXOEHVLGHVWKHZRUVWWKDWFRXOGKDSSHQWRKLPZRXOG
EHWKHSXQLVKPHQWRIZKLFKZHKDYHDOUHDG\VSRNHQDQGZKLFK
WKHSKLODQWKURSLF)UHQFK5HYROXWLRQKDVVXEVWLWXWHGIRU
EHLQJWRUQWRSLHFHVE\KRUVHVRUEURNHQRQWKHZKHHO:KDW
PDWWHUVWKLVSXQLVKPHQWDVORQJDVKHLVDYHQJHG"2QP\
ZRUG,DOPRVWUHJUHWWKDWLQDOOSUREDELOLW\WKLVPLVHUDEOH
3HSSLQRZLOOQRWEHEHKHDGHGDV\RXPLJKWKDYHKDGDQ
RSSRUWXQLW\WKHQRIVHHLQJKRZVKRUWDWLPHWKHSXQLVKPHQW
ODVWVDQGZKHWKHULWLVZRUWKHYHQPHQWLRQLQJEXWUHDOO\
WKLVLVDPRVWVLQJXODUFRQYHUVDWLRQIRUWKH&DUQLYDO
JHQWOHPHQKRZGLGLWDULVH"$K,UHFROOHFW\RXDVNHGIRU
DSODFHDWP\ZLQGRZ\RXVKDOOKDYHLWEXWOHWXVILUVW
VLWGRZQWRWDEOHIRUKHUHFRPHVWKHVHUYDQWWRLQIRUPXV
WKDWEUHDNIDVWLVUHDG\$VKHVSRNHDVHUYDQWRSHQHGRQH
RIWKHIRXUGRRUVRIWKHDSDUWPHQWVD\LQJ$OVXR
FRPPRGR7KHWZR\RXQJPHQDURVHDQGHQWHUHGWKH

433

EUHDNIDVWURRP
'XULQJWKHPHDOZKLFKZDVH[FHOOHQWDQGDGPLUDEO\VHUYHG
)UDQ]ORRNHGUHSHDWHGO\DW$OEHUWLQRUGHUWRREVHUYHWKH
LPSUHVVLRQVZKLFKKHGRXEWHGQRWKDGEHHQPDGHRQKLPE\WKH
ZRUGVRIWKHLUHQWHUWDLQHUEXWZKHWKHUZLWKKLVXVXDO
FDUHOHVVQHVVKHKDGSDLGEXWOLWWOHDWWHQWLRQWRKLP
ZKHWKHUWKHH[SODQDWLRQRIWKH&RXQWRI0RQWH&ULVWRZLWK
UHJDUGWRGXHOOLQJKDGVDWLVILHGKLPRUZKHWKHUWKHHYHQWV
ZKLFK)UDQ]NQHZRIKDGKDGWKHLUHIIHFWRQKLPDORQHKH
UHPDUNHGWKDWKLVFRPSDQLRQGLGQRWSD\WKHOHDVWUHJDUGWR
WKHPEXWRQWKHFRQWUDU\DWHOLNHDPDQZKRIRUWKHODVW
IRXURUILYHPRQWKVKDGEHHQFRQGHPQHGWRSDUWDNHRI,WDOLDQ
FRRNHU\WKDWLVWKHZRUVWLQWKHZRUOG$VIRUWKH
FRXQWKHMXVWWRXFKHGWKHGLVKHVKHVHHPHGWRIXOILOWKH
GXWLHVRIDKRVWE\VLWWLQJGRZQZLWKKLVJXHVWVDQG
DZDLWHGWKHLUGHSDUWXUHWREHVHUYHGZLWKVRPHVWUDQJHRU
PRUHGHOLFDWHIRRG7KLVEURXJKWEDFNWR)UDQ]LQVSLWHRI
KLPVHOIWKHUHFROOHFWLRQRIWKHWHUURUZLWKZKLFKWKHFRXQW
KDGLQVSLUHGWKH&RXQWHVV*DQGKHUILUPFRQYLFWLRQ
WKDWWKHPDQLQWKHRSSRVLWHER[ZDVDYDPSLUH$WWKHHQG
RIWKHEUHDNIDVW)UDQ]WRRNRXWKLVZDWFK:HOOVDLGWKH
FRXQWZKDWDUH\RXGRLQJ"
<RXPXVWH[FXVHXVFRXQWUHWXUQHG)UDQ]EXWZHKDYH
VWLOOPXFKWRGR
:KDWPD\WKDWEH"
:HKDYHQRPDVNVDQGLWLVDEVROXWHO\QHFHVVDU\WRSURFXUH
WKHP
'RQRWFRQFHUQ\RXUVHOIDERXWWKDWZHKDYH,WKLQND
SULYDWHURRPLQWKH3LD]]DGHO3RSROR,ZLOOKDYHZKDWHYHU
FRVWXPHV\RXFKRRVHEURXJKWWRXVDQG\RXFDQGUHVVWKHUH
$IWHUWKHH[HFXWLRQ"FULHG)UDQ]
%HIRUHRUDIWHUZKLFKHYHU\RXSOHDVH
2SSRVLWHWKHVFDIIROG"
7KHVFDIIROGIRUPVSDUWRIWKHIHWH

434

&RXQW,KDYHUHIOHFWHGRQWKHPDWWHUVDLG)UDQ],
WKDQN\RXIRU\RXUFRXUWHV\EXW,VKDOOFRQWHQWP\VHOIZLWK
DFFHSWLQJDSODFHLQ\RXUFDUULDJHDQGDW\RXUZLQGRZDWWKH
5RVSROL3DODFHDQG,OHDYH\RXDWOLEHUW\WRGLVSRVHRIP\
SODFHDWWKH3LD]]DGHO3RSROR
%XW,ZDUQ\RX\RXZLOOORVHDYHU\FXULRXVVLJKW
UHWXUQHGWKHFRXQW
<RXZLOOGHVFULEHLWWRPHUHSOLHG)UDQ]DQGWKH
UHFLWDOIURP\RXUOLSVZLOOPDNHDVJUHDWDQLPSUHVVLRQRQ
PHDVLI,KDGZLWQHVVHGLW,KDYHPRUHWKDQRQFHLQWHQGHG
ZLWQHVVLQJDQH[HFXWLRQEXW,KDYHQHYHUEHHQDEOHWRPDNH
XSP\PLQGDQG\RX$OEHUW"
,UHSOLHGWKHYLVFRXQW,VDZ&DVWDLQJH[HFXWHGEXW
,WKLQN,ZDVUDWKHULQWR[LFDWHGWKDWGD\IRU,KDGTXLWWHG
FROOHJHWKHVDPHPRUQLQJDQGZHKDGSDVVHGWKHSUHYLRXV
QLJKWDWDWDYHUQ
%HVLGHVLWLVQRUHDVRQEHFDXVH\RXKDYHQRWVHHQDQ
H[HFXWLRQDW3DULVWKDW\RXVKRXOGQRWVHHRQHDQ\ZKHUH
HOVHZKHQ\RXWUDYHOLWLVWRVHHHYHU\WKLQJ7KLQNZKDWD
ILJXUH\RXZLOOPDNHZKHQ\RXDUHDVNHGC+RZGRWKH\
H[HFXWHDW5RPH"
DQG\RXUHSO\C,GRQRWNQRZ
$QG
EHVLGHVWKH\VD\WKDWWKHFXOSULWLVDQLQIDPRXVVFRXQGUHO
ZKRNLOOHGZLWKDORJRIZRRGDZRUWK\FDQRQZKRKDGEURXJKW
KLPXSOLNHKLVRZQVRQ'LDEOHZKHQDFKXUFKPDQLVNLOOHG
LWVKRXOGEHZLWKDGLIIHUHQWZHDSRQWKDQDORJHVSHFLDOO\
ZKHQKHKDVEHKDYHGOLNHDIDWKHU,I\RXZHQWWR6SDLQ
ZRXOG\RXQRWVHHWKHEXOOILJKW":HOOVXSSRVHLWLVD
EXOOILJKW\RXDUHJRLQJWRVHH"5HFROOHFWWKHDQFLHQW
5RPDQVRIWKH&LUFXVDQGWKHVSRUWVZKHUHWKH\NLOOHGWKUHH
KXQGUHGOLRQVDQGDKXQGUHGPHQ7KLQNRIWKHHLJKW\
WKRXVDQGDSSODXGLQJVSHFWDWRUVWKHVDJHPDWURQVZKRWRRN
WKHLUGDXJKWHUVDQGWKHFKDUPLQJ9HVWDOVZKRPDGHZLWKWKH
WKXPERIWKHLUZKLWHKDQGVWKHIDWDOVLJQWKDWVDLGC&RPH
GHVSDWFKWKHG\LQJ

6KDOO\RXJRWKHQ$OEHUW"DVNHG)UDQ]
0DIRL\HVOLNH\RX,KHVLWDWHGEXWWKHFRXQW
V
HORTXHQFHGHFLGHVPH

435

/HWXVJRWKHQVDLG)UDQ]VLQFH\RXZLVKLWEXWRQ
RXUZD\WRWKH3LD]]DGHO3RSROR,ZLVKWRSDVVWKURXJKWKH
&RUVR,VWKLVSRVVLEOHFRXQW"
2QIRRW\HVLQDFDUULDJHQR
,ZLOOJRRQIRRWWKHQ
,VLWLPSRUWDQWWKDW\RXVKRXOGJRWKDWZD\"
<HVWKHUHLVVRPHWKLQJ,ZLVKWRVHH
:HOOZHZLOOJRE\WKH&RUVR:HZLOOVHQGWKHFDUULDJHWR
ZDLWIRUXVRQWKH3LD]]DGHO3RSRORE\WKH6WUDGDGHO
%DEXLQRIRU,VKDOOEHJODGWRSDVVP\VHOIWKURXJKWKH
&RUVRWRVHHLIVRPHRUGHUV,KDYHJLYHQKDYHEHHQ
H[HFXWHG
([FHOOHQF\VDLGDVHUYDQWRSHQLQJWKHGRRUDPDQLQ
WKHGUHVVRIDSHQLWHQWZLVKHVWRVSHDNWR\RX
$K\HVUHWXUQHGWKHFRXQW,NQRZZKRKHLVJHQWOHPHQ
ZLOO\RXUHWXUQWRWKHVDORQ"\RXZLOOILQGJRRGFLJDUVRQ
WKHFHQWUHWDEOH,ZLOOEHZLWK\RXGLUHFWO\7KH\RXQJ
PHQURVHDQGUHWXUQHGLQWRWKHVDORQZKLOHWKHFRXQWDJDLQ
DSRORJL]LQJOHIWE\DQRWKHUGRRU$OEHUWZKRZDVDJUHDW
VPRNHUDQGZKRKDGFRQVLGHUHGLWQRVPDOOVDFULILFHWREH
GHSULYHGRIWKHFLJDUVRIWKH&DIHGH3DULVDSSURDFKHGWKH
WDEOHDQGXWWHUHGDFU\RIMR\DWSHUFHLYLQJVRPHYHULWDEOH
SXURV
:HOODVNHG)UDQ]ZKDWWKLQN\RXRIWKH&RXQWRI0RQWH
&ULVWR"
:KDWGR,WKLQN"VDLG$OEHUWHYLGHQWO\VXUSULVHGDWVXFK
DTXHVWLRQIURPKLVFRPSDQLRQ,WKLQNKHLVDGHOLJKWIXO
IHOORZZKRGRHVWKHKRQRUVRIKLVWDEOHDGPLUDEO\ZKRKDV
WUDYHOOHGPXFKUHDGPXFKLVOLNH%UXWXVRIWKH6WRLF
VFKRRODQGPRUHRYHUDGGHGKHVHQGLQJDYROXPHRIVPRNH
XSWRZDUGVWKHFHLOLQJWKDWKHKDVH[FHOOHQWFLJDUV6XFK
ZDV$OEHUW
VRSLQLRQRIWKHFRXQWDQGDV)UDQ]ZHOONQHZ
WKDW$OEHUWSURIHVVHGQHYHUWRIRUPDQRSLQLRQH[FHSWXSRQ
ORQJUHIOHFWLRQKHPDGHQRDWWHPSWWRFKDQJHLW%XW
VDLGKHGLG\RXREVHUYHRQHYHU\VLQJXODUWKLQJ"

436

:KDW"
+RZDWWHQWLYHO\KHORRNHGDW\RX
$WPH"
<HV$OEHUWUHIOHFWHG$KUHSOLHGKHVLJKLQJWKDW
LVQRWYHU\VXUSULVLQJ,KDYHEHHQPRUHWKDQD\HDUDEVHQW
IURP3DULVDQGP\FORWKHVDUHRIDPRVWDQWLTXDWHGFXWWKH
FRXQWWDNHVPHIRUDSURYLQFLDO7KHILUVWRSSRUWXQLW\\RX
KDYHXQGHFHLYHKLP,EHJDQGWHOOKLP,DPQRWKLQJRIWKH
NLQG)UDQ]VPLOHGDQLQVWDQWDIWHUWKHFRXQWHQWHUHG
,DPQRZTXLWHDW\RXUVHUYLFHJHQWOHPHQVDLGKH7KH
FDUULDJHLVJRLQJRQHZD\WRWKH3LD]]DGHO3RSRORDQGZH
ZLOOJRDQRWKHUDQGLI\RXSOHDVHE\WKH&RUVR7DNHVRPH
PRUHRIWKHVHFLJDUV0GH0RUFHUI
:LWKDOOP\KHDUWUHWXUQHG$OEHUW,WDOLDQFLJDUVDUH
KRUULEOH:KHQ\RXFRPHWR3DULV,ZLOOUHWXUQDOOWKLV
,ZLOOQRWUHIXVH,LQWHQGJRLQJWKHUHVRRQDQGVLQFH\RX
DOORZPH,ZLOOSD\\RXDYLVLW&RPHZHKDYHQRWDQ\WLPH
WRORVHLWLVKDOISDVWWZHOYHOHWXVVHWRII$OO
WKUHHGHVFHQGHGWKHFRDFKPDQUHFHLYHGKLVPDVWHU
VRUGHUV
DQGGURYHGRZQWKH9LDGHO%DEXLQR:KLOHWKHWKUHH
JHQWOHPHQZDONHGDORQJWKH3LD]]DGH6SDJQLDQGWKH9LD
)UDWWLQDZKLFKOHGGLUHFWO\EHWZHHQWKH)LDQRDQG5RVSROL
SDODFHV)UDQ]
VDWWHQWLRQZDVGLUHFWHGWRZDUGVWKHZLQGRZV
RIWKDWODVWSDODFHIRUKHKDGQRWIRUJRWWHQWKHVLJQDO
DJUHHGXSRQEHWZHHQWKHPDQLQWKHPDQWOHDQGWKH
7UDQVWHYHUHSHDVDQW:KLFKDUH\RXUZLQGRZV"DVNHGKHRI
WKHFRXQWZLWKDVPXFKLQGLIIHUHQFHDVKHFRXOGDVVXPH
7KHWKUHHODVWUHWXUQHGKHZLWKDQHJOLJHQFHHYLGHQWO\
XQDIIHFWHGIRUKHFRXOGQRWLPDJLQHZLWKZKDWLQWHQWLRQWKH
TXHVWLRQZDVSXW)UDQ]JODQFHGUDSLGO\WRZDUGVWKHWKUHH
ZLQGRZV7KHVLGHZLQGRZVZHUHKXQJZLWK\HOORZGDPDVNDQG
WKHFHQWUHRQHZLWKZKLWHGDPDVNDQGDUHGFURVV7KHPDQLQ
WKHPDQWOHKDGNHSWKLVSURPLVHWRWKH7UDQVWHYHULQDQG
WKHUHFRXOGQRZEHQRGRXEWWKDWKHZDVWKHFRXQW7KHWKUHH
ZLQGRZVZHUHVWLOOXQWHQDQWHG3UHSDUDWLRQVZHUHPDNLQJRQ
HYHU\VLGHFKDLUVZHUHSODFHGVFDIIROGVZHUHUDLVHGDQG
ZLQGRZVZHUHKXQJZLWKIODJV7KHPDVNVFRXOGQRWDSSHDU

437

WKHFDUULDJHVFRXOGQRWPRYHDERXWEXWWKHPDVNVZHUH
YLVLEOHEHKLQGWKHZLQGRZVWKHFDUULDJHVDQGWKHGRRUV
)UDQ]$OEHUWDQGWKHFRXQWFRQWLQXHGWRGHVFHQGWKH&RUVR
$VWKH\DSSURDFKHGWKH3LD]]DGHO3RSRORWKHFURZGEHFDPH
PRUHGHQVHDQGDERYHWKHKHDGVRIWKHPXOWLWXGHWZRREMHFWV
ZHUHYLVLEOHWKHREHOLVNVXUPRXQWHGE\DFURVVZKLFK
PDUNVWKHFHQWUHRIWKHVTXDUHDQGLQIURQWRIWKHREHOLVN
DWWKHSRLQWZKHUHWKHWKUHHVWUHHWVGHO%DEXLQRGHO
&RUVRDQGGL5LSHWWDPHHWWKHWZRXSULJKWVRIWKH
VFDIIROGEHWZHHQZKLFKJOLWWHUHGWKHFXUYHGNQLIHRIWKH
PDQGDLD$WWKHFRUQHURIWKHVWUHHWWKH\PHWWKHFRXQW
V
VWHZDUGZKRZDVDZDLWLQJKLVPDVWHU7KHZLQGRZOHWDWDQ
H[RUELWDQWSULFHZKLFKWKHFRXQWKDGGRXEWOHVVZLVKHGWR
FRQFHDOIURPKLVJXHVWVZDVRQWKHVHFRQGIORRURIWKH
JUHDWSDODFHVLWXDWHGEHWZHHQWKH9LDGHO%DEXLQRDQGWKH
0RQWH3LQFLR,WFRQVLVWHGDVZHKDYHVDLGRIDVPDOO
GUHVVLQJURRPRSHQLQJLQWRDEHGURRPDQGZKHQWKHGRRURI
FRPPXQLFDWLRQZDVVKXWWKHLQPDWHVZHUHTXLWHDORQH2Q
FKDLUVZHUHODLGHOHJDQWPDVTXHUDGHFRVWXPHVRIEOXHDQG
ZKLWHVDWLQ$V\RXOHIWWKHFKRLFHRI\RXUFRVWXPHVWR
PHVDLGWKHFRXQWWRWKHWZRIULHQGV,KDYHKDGWKHVH
EURXJKWDVWKH\ZLOOEHWKHPRVWZRUQWKLV\HDUDQGWKH\
DUHPRVWVXLWDEOHRQDFFRXQWRIWKHFRQIHWWL VZHHWPHDWV 
DVWKH\GRQRWVKRZWKHIORXU
)UDQ]KHDUGWKHZRUGVRIWKHFRXQWEXWLPSHUIHFWO\DQGKH
SHUKDSVGLGQRWIXOO\DSSUHFLDWHWKLVQHZDWWHQWLRQWRWKHLU
ZLVKHVIRUKHZDVZKROO\DEVRUEHGE\WKHVSHFWDFOHWKDWWKH
3LD]]DGHO3RSRORSUHVHQWHGDQGE\WKHWHUULEOHLQVWUXPHQW
WKDWZDVLQWKHFHQWUH,WZDVWKHILUVWWLPH)UDQ]KDGHYHU
VHHQDJXLOORWLQHZHVD\JXLOORWLQHEHFDXVHWKH5RPDQ
PDQGDLDLVIRUPHGRQDOPRVWWKHVDPHPRGHODVWKH)UHQFK
LQVWUXPHQW 7KHNQLIHZKLFKLVVKDSHGOLNHDFUHVFHQW
WKDWFXWVZLWKWKHFRQYH[VLGHIDOOVIURPDOHVVKHLJKW
DQGWKDWLVDOOWKHGLIIHUHQFH7ZRPHQVHDWHGRQWKH
PRYDEOHSODQNRQZKLFKWKHYLFWLPLVODLGZHUHHDWLQJWKHLU
EUHDNIDVWVZKLOHZDLWLQJIRUWKHFULPLQDO7KHLUUHSDVW
FRQVLVWHGDSSDUHQWO\RIEUHDGDQGVDXVDJHV2QHRIWKHP
OLIWHGWKHSODQNWRRNRXWDIODVNRIZLQHGUDQNVRPHDQG
WKHQSDVVHGLWWRKLVFRPSDQLRQ7KHVHWZRPHQZHUHWKH
H[HFXWLRQHU
VDVVLVWDQWV$WWKLVVLJKW)UDQ]IHOWWKH
SHUVSLUDWLRQVWDUWIRUWKXSRQKLVEURZ7KHSULVRQHUV
WUDQVSRUWHGWKHSUHYLRXVHYHQLQJIURPWKH&DUFHUH1XRYRWR

438

WKHOLWWOHFKXUFKRI6DQWD0DULDGHO3RSRORKDGSDVVHGWKH
QLJKWHDFKDFFRPSDQLHGE\WZRSULHVWVLQDFKDSHOFORVHG
E\DJUDWLQJEHIRUHZKLFKZHUHWZRVHQWLQHOVZKRZHUH
UHOLHYHGDWLQWHUYDOV$GRXEOHOLQHRIFDUELQHHUVSODFHG
RQHDFKVLGHRIWKHGRRURIWKHFKXUFKUHDFKHGWRWKH
VFDIIROGDQGIRUPHGDFLUFOHDURXQGLWOHDYLQJDSDWK
DERXWWHQIHHWZLGHDQGDURXQGWKHJXLOORWLQHDVSDFHRI
QHDUO\DKXQGUHGIHHW$OOWKHUHVWRIWKHVTXDUHZDVSDYHG
ZLWKKHDGV0DQ\ZRPHQKHOGWKHLULQIDQWVRQWKHLU
VKRXOGHUVDQGWKXVWKHFKLOGUHQKDGWKHEHVWYLHZ7KH
0RQWH3LQFLRVHHPHGDYDVWDPSKLWKHDWUHILOOHGZLWK
VSHFWDWRUVWKHEDOFRQLHVRIWKHWZRFKXUFKHVDWWKHFRUQHU
RIWKH9LDGHO%DEXLQRDQGWKH9LDGL5LSHWWDZHUHFUDPPHG
WKHVWHSVHYHQVHHPHGDSDUWLFRORUHGVHDWKDWZDVLPSHOOHG
WRZDUGVWKHSRUWLFRHYHU\QLFKHLQWKHZDOOKHOGLWVOLYLQJ
VWDWXH:KDWWKHFRXQWVDLGZDVWUXHWKHPRVWFXULRXV
VSHFWDFOHLQOLIHLVWKDWRIGHDWK$QG\HWLQVWHDGRIWKH
VLOHQFHDQGWKHVROHPQLW\GHPDQGHGE\WKHRFFDVLRQODXJKWHU
DQGMHVWVDURVHIURPWKHFURZG,WZDVHYLGHQWWKDWWKH
H[HFXWLRQZDVLQWKHH\HVRIWKHSHRSOHRQO\WKH
FRPPHQFHPHQWRIWKH&DUQLYDO6XGGHQO\WKHWXPXOWFHDVHGDV
LIE\PDJLFDQGWKHGRRUVRIWKHFKXUFKRSHQHG$
EURWKHUKRRGRISHQLWHQWVFORWKHGIURPKHDGWRIRRWLQUREHV
RIJUD\VDFNFORWKZLWKKROHVIRUWKHH\HVDQGKROGLQJLQ
WKHLUKDQGVOLJKWHGWDSHUVDSSHDUHGILUVWWKHFKLHI
PDUFKHGDWWKHKHDG%HKLQGWKHSHQLWHQWVFDPHDPDQRIYDVW
VWDWXUHDQGSURSRUWLRQV+HZDVQDNHGZLWKWKHH[FHSWLRQRI
FORWKGUDZHUVDWWKHOHIWVLGHRIZKLFKKXQJDODUJHNQLIH
LQDVKHDWKDQGKHERUHRQKLVULJKWVKRXOGHUDKHDY\LURQ
VOHGJHKDPPHU7KLVPDQZDVWKHH[HFXWLRQHU+HKDG
PRUHRYHUVDQGDOVERXQGRQKLVIHHWE\FRUGV%HKLQGWKH
H[HFXWLRQHUFDPHLQWKHRUGHULQZKLFKWKH\ZHUHWRGLH
ILUVW3HSSLQRDQGWKHQ$QGUHD(DFKZDVDFFRPSDQLHGE\WZR
SULHVWV1HLWKHUKDGKLVH\HVEDQGDJHG3HSSLQRZDONHGZLWK
DILUPVWHSGRXEWOHVVDZDUHRIZKDWDZDLWHGKLP$QGUHDZDV
VXSSRUWHGE\WZRSULHVWV(DFKRIWKHPIURPWLPHWRWLPH
NLVVHGWKHFUXFLIL[DFRQIHVVRUKHOGRXWWRWKHP$WWKLV
VLJKWDORQH)UDQ]IHOWKLVOHJVWUHPEOHXQGHUKLP+HORRNHG
DW$OEHUWKHZDVDVZKLWHDVKLVVKLUWDQGPHFKDQLFDOO\
FDVWDZD\KLVFLJDUDOWKRXJKKHKDGQRWKDOIVPRNHGLW7KH
FRXQWDORQHVHHPHGXQPRYHGQD\PRUHDVOLJKWFRORU
VHHPHGVWULYLQJWRULVHLQKLVSDOHFKHHNV+LVQRVWULOV
GLODWHGOLNHWKRVHRIDZLOGEHDVWWKDWVFHQWVLWVSUH\DQG
KLVOLSVKDOIRSHQHGGLVFORVHGKLVZKLWHWHHWKVPDOODQG

439

VKDUSOLNHWKRVHRIDMDFNDO$QG\HWKLVIHDWXUHVZRUHDQ
H[SUHVVLRQRIVPLOLQJWHQGHUQHVVVXFKDV)UDQ]KDGQHYHU
EHIRUHZLWQHVVHGLQWKHPKLVEODFNH\HVHVSHFLDOO\ZHUH
IXOORINLQGQHVVDQGSLW\+RZHYHUWKHWZRFXOSULWV
DGYDQFHGDQGDVWKH\DSSURDFKHGWKHLUIDFHVEHFDPHYLVLEOH
3HSSLQRZDVDKDQGVRPH\RXQJPDQRIIRXURUILYHDQGWZHQW\
EURQ]HGE\WKHVXQKHFDUULHGKLVKHDGHUHFWDQGVHHPHGRQ
WKHZDWFKWRVHHRQZKLFKVLGHKLVOLEHUDWRUZRXOGDSSHDU
$QGUHDZDVVKRUWDQGIDWKLVYLVDJHPDUNHGZLWKEUXWDO
FUXHOW\GLGQRWLQGLFDWHDJHKHPLJKWEHWKLUW\,QSULVRQ
KHKDGVXIIHUHGKLVEHDUGWRJURZKLVKHDGIHOORQKLV
VKRXOGHUKLVOHJVEHQWEHQHDWKKLPDQGKLVPRYHPHQWVZHUH
DSSDUHQWO\DXWRPDWLFDQGXQFRQVFLRXV
'U*XLOORWLQJRWWKHLGHDRIKLVIDPRXVPDFKLQHIURP
ZLWQHVVLQJDQH[HFXWLRQLQ,WDO\
,WKRXJKWVDLG)UDQ]WRWKHFRXQWWKDW\RXWROGPH
WKHUHZRXOGEHEXWRQHH[HFXWLRQ
,WROG\RXWUXHUHSOLHGKHFROGO\
$QG\HWKHUHDUHWZRFXOSULWV
<HVEXWRQO\RQHRIWKHVHWZRLVDERXWWRGLHWKHRWKHU
KDVPDQ\\HDUVWROLYH
,IWKHSDUGRQLVWRFRPHWKHUHLVQRWLPHWRORVH
$QGVHHKHUHLWLVVDLGWKHFRXQW$WWKHPRPHQWZKHQ
3HSSLQRUHDFKHGWKHIRRWRIWKHPDQGDLDDSULHVWDUULYHGLQ
VRPHKDVWHIRUFHGKLVZD\WKURXJKWKHVROGLHUVDQG
DGYDQFLQJWRWKHFKLHIRIWKHEURWKHUKRRGJDYHKLPDIROGHG
SDSHU7KHSLHUFLQJH\HRI3HSSLQRKDGQRWLFHGDOO7KH
FKLHIWRRNWKHSDSHUXQIROGHGLWDQGUDLVLQJKLVKDQG
+HDYHQEHSUDLVHGDQGKLVKROLQHVVDOVRVDLGKHLQD
ORXGYRLFHKHUHLVDSDUGRQIRURQHRIWKHSULVRQHUV
$SDUGRQFULHGWKHSHRSOHZLWKRQHYRLFHDSDUGRQ
$WWKLVFU\$QGUHDUDLVHGKLVKHDG3DUGRQIRUZKRP"FULHG
KH
3HSSLQRUHPDLQHGEUHDWKOHVV$SDUGRQIRU3HSSLQRFDOOHG
5RFFD3ULRULVDLGWKHSULQFLSDOIULDU$QGKHSDVVHGWKH

440

SDSHUWRWKHRIILFHUFRPPDQGLQJWKHFDUELQHHUVZKRUHDGDQG
UHWXUQHGLWWRKLP
)RU3HSSLQRFULHG$QGUHDZKRVHHPHGURXVHGIURPWKH
WRUSRULQZKLFKKHKDGEHHQSOXQJHG:K\IRUKLPDQGQRW
IRUPH":HRXJKWWRGLHWRJHWKHU,ZDVSURPLVHGKHVKRXOG
GLHZLWKPH<RXKDYHQRULJKWWRSXWPHWRGHDWKDORQH,
ZLOOQRWGLHDORQH,ZLOOQRW$QGKHEURNHIURPWKH
SULHVWVVWUXJJOLQJDQGUDYLQJOLNHDZLOGEHDVWDQG
VWULYLQJGHVSHUDWHO\WREUHDNWKHFRUGVWKDWERXQGKLV
KDQGV7KHH[HFXWLRQHUPDGHDVLJQDQGKLVWZRDVVLVWDQWV
OHDSHGIURPWKHVFDIIROGDQGVHL]HGKLP:KDWLVJRLQJRQ"
DVNHG)UDQ]RIWKHFRXQWIRUDVDOOWKHWDONZDVLQWKH
5RPDQGLDOHFWKHKDGQRWSHUIHFWO\XQGHUVWRRGLW'R\RX
QRWVHH"UHWXUQHGWKHFRXQWWKDWWKLVKXPDQFUHDWXUHZKR
LVDERXWWRGLHLVIXULRXVWKDWKLVIHOORZVXIIHUHUGRHVQRW
SHULVKZLWKKLP"DQGZHUHKHDEOHKHZRXOGUDWKHUWHDUKLP
WRSLHFHVZLWKKLVWHHWKDQGQDLOVWKDQOHWKLPHQMR\WKH
OLIHKHKLPVHOILVDERXWWREHGHSULYHGRI2KPDQPDQ
UDFHRIFURFRGLOHVFULHGWKHFRXQWH[WHQGLQJKLVFOLQFKHG
KDQGVWRZDUGVWKHFURZGKRZZHOOGR,UHFRJQL]H\RXWKHUH
DQGWKDWDWDOOWLPHV\RXDUHZRUWK\RI\RXUVHOYHV
0HDQZKLOH$QGUHDDQGWKHWZRH[HFXWLRQHUVZHUHVWUXJJOLQJRQ
WKHJURXQGDQGKHNHSWH[FODLPLQJ+HRXJKWWRGLHKH
VKDOOGLH,ZLOOQRWGLHDORQH
/RRNORRNFULHGWKHFRXQWVHL]LQJWKH\RXQJPHQ
VKDQGV
ORRNIRURQP\VRXOLWLVFXULRXV+HUHLVDPDQZKR
KDGUHVLJQHGKLPVHOIWRKLVIDWHZKRZDVJRLQJWRWKH
VFDIIROGWRGLHOLNHDFRZDUGLWLVWUXHEXWKHZDV
DERXWWRGLHZLWKRXWUHVLVWDQFH'R\RXNQRZZKDWJDYHKLP
VWUHQJWK"GR\RXNQRZZKDWFRQVROHGKLP",WZDVWKDW
DQRWKHUSDUWRRNRIKLVSXQLVKPHQWWKDWDQRWKHUSDUWRRNRI
KLVDQJXLVKWKDWDQRWKHUZDVWRGLHEHIRUHKLP/HDGWZR
VKHHSWRWKHEXWFKHU
VWZRR[HQWRWKHVODXJKWHUKRXVHDQG
PDNHRQHRIWKHPXQGHUVWDQGWKDWKLVFRPSDQLRQZLOOQRWGLH
WKHVKHHSZLOOEOHDWIRUSOHDVXUHWKHR[ZLOOEHOORZZLWK
MR\%XWPDQPDQZKRP*RGFUHDWHGLQKLVRZQLPDJH
PDQXSRQZKRP*RGKDVODLGKLVILUVWKLVVROHFRPPDQGPHQW
WRORYHKLVQHLJKERUPDQWRZKRP*RGKDVJLYHQDYRLFH
WRH[SUHVVKLVWKRXJKWVZKDWLVKLVILUVWFU\ZKHQKH
KHDUVKLVIHOORZPDQLVVDYHG"$EODVSKHP\+RQRUWRPDQ
WKLVPDVWHUSLHFHRIQDWXUHWKLVNLQJRIWKHFUHDWLRQ$QG
WKHFRXQWEXUVWLQWRDODXJKDWHUULEOHODXJKWKDWVKRZHG

441

KHPXVWKDYHVXIIHUHGKRUULEO\WREHDEOHWKXVWRODXJK
+RZHYHUWKHVWUXJJOHVWLOOFRQWLQXHGDQGLWZDVGUHDGIXO
WRZLWQHVV7KHSHRSOHDOOWRRNSDUWDJDLQVW$QGUHDDQG
WZHQW\WKRXVDQGYRLFHVFULHG3XWKLPWRGHDWKSXWKLPWR
GHDWK)UDQ]VSUDQJEDFNEXWWKHFRXQWVHL]HGKLVDUPDQG
KHOGKLPEHIRUHWKHZLQGRZ:KDWDUH\RXGRLQJ"VDLGKH
'R\RXSLW\KLP",I\RXKHDUGWKHFU\RIC0DGGRJ
\RX
ZRXOGWDNH\RXUJXQ\RXZRXOGXQKHVLWDWLQJO\VKRRWWKH
SRRUEHDVWZKRDIWHUDOOZDVRQO\JXLOW\RIKDYLQJEHHQ
ELWWHQE\DQRWKHUGRJ$QG\HW\RXSLW\DPDQZKRZLWKRXW
EHLQJELWWHQE\RQHRIKLVUDFHKDV\HWPXUGHUHGKLV
EHQHIDFWRUDQGZKRQRZXQDEOHWRNLOODQ\RQHEHFDXVHKLV
KDQGVDUHERXQGZLVKHVWRVHHKLVFRPSDQLRQLQFDSWLYLW\
SHULVK1RQRORRNORRN
7KHFRPPDQGZDVQHHGOHVV)UDQ]ZDVIDVFLQDWHGE\WKH
KRUULEO\VSHFWDFOH7KHWZRDVVLVWDQWVKDGERUQH$QGUHDWR
WKHVFDIIROGDQGWKHUHLQVSLWHRIKLVVWUXJJOHVKLV
ELWHVDQGKLVFULHVKDGIRUFHGKLPWRKLVNQHHV'XULQJ
WKLVWLPHWKHH[HFXWLRQHUKDGUDLVHGKLVPDFHDQGVLJQHGWR
WKHPWRJHWRXWRIWKHZD\WKHFULPLQDOVWURYHWRULVH
EXWHUHKHKDGWLPHWKHPDFHIHOORQKLVOHIWWHPSOH$
GXOODQGKHDY\VRXQGZDVKHDUGDQGWKHPDQGURSSHGOLNHDQ
R[RQKLVIDFHDQGWKHQWXUQHGRYHURQKLVEDFN7KH
H[HFXWLRQHUOHWIDOOKLVPDFHGUHZKLVNQLIHDQGZLWKRQH
VWURNHRSHQHGKLVWKURDWDQGPRXQWLQJRQKLVVWRPDFK
VWDPSHGYLROHQWO\RQLWZLWKKLVIHHW$WHYHU\VWURNHDMHW
RIEORRGVSUDQJIURPWKHZRXQG
7KLVWLPH)UDQ]FRXOGFRQWDLQKLPVHOIQRORQJHUEXWVDQN
KDOIIDLQWLQJLQWRDVHDW$OEHUWZLWKKLVH\HVFORVHG
ZDVVWDQGLQJJUDVSLQJWKHZLQGRZFXUWDLQV7KHFRXQWZDV
HUHFWDQGWULXPSKDQWOLNHWKH$YHQJLQJ$QJHO

&KDSWHU
7KH&DUQLYDODW5RPH
:KHQ)UDQ]UHFRYHUHGKLVVHQVHVKHVDZ$OEHUWGULQNLQJD
JODVVRIZDWHURIZKLFKWRMXGJHIURPKLVSDOORUKHVWRRG
LQJUHDWQHHGDQGWKHFRXQWZKRZDVDVVXPLQJKLV
PDVTXHUDGHFRVWXPH+HJODQFHGPHFKDQLFDOO\WRZDUGVWKH
VTXDUHWKHVFHQHZDVZKROO\FKDQJHGVFDIIROG

442

H[HFXWLRQHUVYLFWLPVDOOKDGGLVDSSHDUHGRQO\WKHSHRSOH
UHPDLQHGIXOORIQRLVHDQGH[FLWHPHQW7KHEHOORI0RQWH
&LWRULRZKLFKRQO\VRXQGVRQWKHSRSH
VGHFHDVHDQGWKH
RSHQLQJRIWKH&DUQLYDOZDVULQJLQJDMR\RXVSHDO:HOO
DVNHGKHRIWKHFRXQWZKDWKDVWKHQKDSSHQHG"
1RWKLQJUHSOLHGWKHFRXQWRQO\DV\RXVHHWKH
&DUQLYDOKLVFRPPHQFHG0DNHKDVWHDQGGUHVV\RXUVHOI
,QIDFWVDLG)UDQ]WKLVKRUULEOHVFHQHKDVSDVVHGDZD\
OLNHDGUHDP
,WLVEXWDGUHDPDQLJKWPDUHWKDWKDVGLVWXUEHG\RX
<HVWKDW,KDYHVXIIHUHGEXWWKHFXOSULW"
7KDWLVDGUHDPDOVRRQO\KHKDVUHPDLQHGDVOHHSZKLOH
\RXKDYHDZDNHQHGDQGZKRNQRZVZKLFKRI\RXLVWKHPRVW
IRUWXQDWH"
%XW3HSSLQRZKDWKDVEHFRPHRIKLP"
3HSSLQRLVDODGRIVHQVHZKRXQOLNHPRVWPHQZKRDUH
KDSS\LQSURSRUWLRQDVWKH\DUHQRWLFHGZDVGHOLJKWHGWR
VHHWKDWWKHJHQHUDODWWHQWLRQZDVGLUHFWHGWRZDUGVKLV
FRPSDQLRQ+HSURILWHGE\WKLVGLVWUDFWLRQWRVOLSDZD\
DPRQJWKHFURZGZLWKRXWHYHQWKDQNLQJWKHZRUWK\SULHVWV
ZKRDFFRPSDQLHGKLP'HFLGHGO\PDQLVDQXQJUDWHIXODQG
HJRWLVWLFDODQLPDO%XWGUHVV\RXUVHOIVHH0GH0RUFHUI
VHWV\RXWKHH[DPSOH$OEHUWZDVGUDZLQJRQWKHVDWLQ
SDQWDORRQRYHUKLVEODFNWURXVHUVDQGYDUQLVKHGERRWV
:HOO$OEHUWVDLG)UDQ]GR\RXIHHOPXFKLQFOLQHGWR
MRLQWKHUHYHOV"&RPHDQVZHUIUDQNO\
0DIRLQRUHWXUQHG$OEHUW%XW,DPUHDOO\JODGWRKDYH
VHHQVXFKDVLJKWDQG,XQGHUVWDQGZKDWWKHFRXQWVDLG
WKDWZKHQ\RXKDYHRQFHKDELWXDWHG\RXUVHOIWRDVLPLODU
VSHFWDFOHLWLVWKHRQO\RQHWKDWFDXVHV\RXDQ\HPRWLRQ
:LWKRXWUHIOHFWLQJWKDWWKLVLVWKHRQO\PRPHQWLQZKLFK
\RXFDQVWXG\FKDUDFWHUVDLGWKHFRXQWRQWKHVWHSVRI
WKHVFDIIROGGHDWKWHDUVRIIWKHPDVNWKDWKDVEHHQZRUQ
WKURXJKOLIHDQGWKHUHDOYLVDJHLVGLVFORVHG,WPXVWEH
DOORZHGWKDW$QGUHDZDVQRWYHU\KDQGVRPHWKHKLGHRXV

443

VFRXQGUHO&RPHGUHVV\RXUVHOYHVJHQWOHPHQGUHVV
\RXUVHOYHV)UDQ]IHOWLWZRXOGEHULGLFXORXVQRWWRIROORZ
KLVWZRFRPSDQLRQV
H[DPSOH+HDVVXPHGKLVFRVWXPHDQG
IDVWHQHGRQWKHPDVNWKDWVFDUFHO\HTXDOOHGWKHSDOORURI
KLVRZQIDFH7KHLUWRLOHWILQLVKHGWKH\GHVFHQGHGWKH
FDUULDJHDZDLWHGWKHPDWWKHGRRUILOOHGZLWKVZHHWPHDWV
DQGERXTXHWV7KH\IHOOLQWRWKHOLQHRIFDUULDJHV,WLV
GLIILFXOWWRIRUPDQLGHDRIWKHSHUIHFWFKDQJHWKDWKDG
WDNHQSODFH,QVWHDGRIWKHVSHFWDFOHRIJORRP\DQGVLOHQW
GHDWKWKH3LD]]DGHO3RSRORSUHVHQWHGDVSHFWDFOHRIJD\
DQGQRLV\PLUWKDQGUHYHOU\$FURZGRIPDVNVIORZHGLQIURP
DOOVLGHVHPHUJLQJIURPWKHGRRUVGHVFHQGLQJIURPWKH
ZLQGRZV)URPHYHU\VWUHHWDQGHYHU\FRUQHUGURYHFDUULDJHV
ILOOHGZLWKFORZQVKDUOHTXLQVGRPLQRHVPXPPHUV
SDQWRPLPLVWV7UDQVWHYHULQVNQLJKWVDQGSHDVDQWV
VFUHDPLQJILJKWLQJJHVWLFXODWLQJWKURZLQJHJJVILOOHG
ZLWKIORXUFRQIHWWLQRVHJD\VDWWDFNLQJZLWKWKHLU
VDUFDVPVDQGWKHLUPLVVLOHVIULHQGVDQGIRHVFRPSDQLRQV
DQGVWUDQJHUVLQGLVFULPLQDWHO\DQGQRRQHWRRNRIIHQFHRU
GLGDQ\WKLQJEXWODXJK)UDQ]DQG$OEHUWZHUHOLNHPHQZKR
WRGULYHDZD\DYLROHQWVRUURZKDYHUHFRXUVHWRZLQHDQG
ZKRDVWKH\GULQNDQGEHFRPHLQWR[LFDWHGIHHODWKLFNYHLO
GUDZQEHWZHHQWKHSDVWDQGWKHSUHVHQW7KH\VDZRUUDWKHU
FRQWLQXHGWRVHHWKHLPDJHRIZKDWWKH\KDGZLWQHVVHGEXW
OLWWOHE\OLWWOHWKHJHQHUDOYHUWLJRVHL]HGWKHPDQGWKH\
IHOWWKHPVHOYHVREOLJHGWRWDNHSDUWLQWKHQRLVHDQG
FRQIXVLRQ$KDQGIXORIFRQIHWWLWKDWFDPHIURPD
QHLJKERULQJFDUULDJHDQGZKLFKZKLOHLWFRYHUHG0RUFHUI
DQGKLVWZRFRPSDQLRQVZLWKGXVWSULFNHGKLVQHFNDQGWKDW
SRUWLRQRIKLVIDFHXQFRYHUHGE\KLVPDVNOLNHDKXQGUHG
SLQVLQFLWHGKLPWRMRLQLQWKHJHQHUDOFRPEDWLQZKLFK
DOOWKHPDVNVDURXQGKLPZHUHHQJDJHG+HURVHLQKLVWXUQ
DQGVHL]LQJKDQGIXOVRIFRQIHWWLDQGVZHHWPHDWVZLWKZKLFK
WKHFDUULDJHZDVILOOHGFDVWWKHPZLWKDOOWKHIRUFHDQG
VNLOOKHZDVPDVWHURI
7KHVWULIHKDGIDLUO\EHJXQDQGWKHUHFROOHFWLRQRIZKDW
WKH\KDGVHHQKDOIDQKRXUEHIRUHZDVJUDGXDOO\HIIDFHGIURP
WKH\RXQJPHQ
VPLQGVVRPXFKZHUHWKH\RFFXSLHGE\WKHJD\
DQGJOLWWHULQJSURFHVVLRQWKH\QRZEHKHOG$VIRUWKH&RXQW
RI0RQWH&ULVWRKHKDGQHYHUIRUDQLQVWDQWVKRZQDQ\
DSSHDUDQFHRIKDYLQJEHHQPRYHG,PDJLQHWKHODUJHDQG
VSOHQGLG&RUVRERUGHUHGIURPRQHHQGWRWKHRWKHUZLWK
ORIW\SDODFHVZLWKWKHLUEDOFRQLHVKXQJZLWKFDUSHWVDQG

444

WKHLUZLQGRZVZLWKIODJV$WWKHVHEDOFRQLHVDUHWKUHH
KXQGUHGWKRXVDQGVSHFWDWRUV5RPDQV,WDOLDQVVWUDQJHUV
IURPDOOSDUWVRIWKHZRUOGWKHXQLWHGDULVWRFUDF\RI
ELUWKZHDOWKDQGJHQLXV/RYHO\ZRPHQ\LHOGLQJWRWKH
LQIOXHQFHRIWKHVFHQHEHQGRYHUWKHLUEDOFRQLHVRUOHDQ
IURPWKHLUZLQGRZVDQGVKRZHUGRZQFRQIHWWLZKLFKDUH
UHWXUQHGE\ERXTXHWVWKHDLUVHHPVGDUNHQHGZLWKWKH
IDOOLQJFRQIHWWLDQGIO\LQJIORZHUV,QWKHVWUHHWVWKH
OLYHO\FURZGLVGUHVVHGLQWKHPRVWIDQWDVWLFFRVWXPHV
JLJDQWLFFDEEDJHVZDONJUDYHO\DERXWEXIIDORHV
KHDGVEHORZ
IURPPHQ
VVKRXOGHUVGRJVZDONRQWKHLUKLQGOHJVLQWKH
PLGVWRIDOOWKLVDPDVNLVOLIWHGDQGDVLQ&DOORW
V
7HPSWDWLRQRI6W$QWKRQ\DORYHO\IDFHLVH[KLELWHGZKLFK
ZHZRXOGIDLQIROORZEXWIURPZKLFKZHDUHVHSDUDWHGE\
WURRSVRIILHQGV7KLVZLOOJLYHDIDLQWLGHDRIWKH
&DUQLYDODW5RPH$WWKHVHFRQGWXUQWKH&RXQWVWRSSHGWKH
FDUULDJHDQGUHTXHVWHGSHUPLVVLRQWRZLWKGUDZOHDYLQJWKH
YHKLFOHDWWKHLUGLVSRVDO)UDQ]ORRNHGXSWKH\ZHUH
RSSRVLWHWKH5RVSROL3DODFH$WWKHFHQWUHZLQGRZWKHRQH
KXQJZLWKZKLWHGDPDVNZLWKDUHGFURVVZDVDEOXHGRPLQR
EHQHDWKZKLFK)UDQ]
VLPDJLQDWLRQHDVLO\SLFWXUHGWKH
EHDXWLIXO*UHHNRIWKH$UJHQWLQD*HQWOHPHQVDLGWKH
FRXQWVSULQJLQJRXWZKHQ\RXDUHWLUHGRIEHLQJDFWRUV
DQGZLVKWREHFRPHVSHFWDWRUVRIWKLVVFHQH\RXNQRZ\RX
KDYHSODFHVDWP\ZLQGRZV,QWKHPHDQWLPHGLVSRVHRIP\
FRDFKPDQP\FDUULDJHDQGP\VHUYDQWV:HKDYHIRUJRWWHQ
WRPHQWLRQWKDWWKHFRXQW
VFRDFKPDQZDVDWWLUHGLQD
EHDUVNLQH[DFWO\UHVHPEOLQJ2GU\
VLQ7KH%HDUDQGWKH
3DVKDDQGWKHWZRIRRWPHQEHKLQGZHUHGUHVVHGXSDVJUHHQ
PRQNH\VZLWKVSULQJPDVNVZLWKZKLFKWKH\PDGHJULPDFHVDW
HYHU\RQHZKRSDVVHG)UDQ]WKDQNHGWKHFRXQWIRUKLV
DWWHQWLRQ$VIRU$OEHUWKHZDVEXVLO\RFFXSLHGWKURZLQJ
ERXTXHWVDWDFDUULDJHIXOORI5RPDQSHDVDQWVWKDWZDV
SDVVLQJQHDUKLP8QIRUWXQDWHO\IRUKLPWKHOLQHRI
FDUULDJHVPRYHGRQDJDLQDQGZKLOHKHGHVFHQGHGWKH3LD]]D
GHO3RSRORWKHRWKHUDVFHQGHGWRZDUGVWKH3DOD]]RGL
9HQH]LD$KP\GHDUIHOORZVDLGKHWR)UDQ]\RXGLG
QRWVHH"
:KDW"
7KHUHWKDWFDODVKILOOHGZLWK5RPDQSHDVDQWV
1R

445

:HOO,DPFRQYLQFHGWKH\DUHDOOFKDUPLQJZRPHQ
+RZXQIRUWXQDWHWKDW\RXZHUHPDVNHG$OEHUWVDLG)UDQ]
KHUHZDVDQRSSRUWXQLW\RIPDNLQJXSIRUSDVW
GLVDSSRLQWPHQWV
2KUHSOLHGKHKDOIODXJKLQJKDOIVHULRXV,KRSHWKH
&DUQLYDOZLOOQRWSDVVZLWKRXWVRPHDPHQGVLQRQHVKDSHRU
WKHRWKHU
%XWLQVSLWHRI$OEHUW
VKRSHWKHGD\SDVVHGXQPDUNHGE\
DQ\LQFLGHQWH[FHSWLQJWZRRUWKUHHHQFRXQWHUVZLWKWKH
FDUULDJHIXOORI5RPDQSHDVDQWV$WRQHRIWKHVHHQFRXQWHUV
DFFLGHQWDOO\RUSXUSRVHO\$OEHUW
VPDVNIHOORII+H
LQVWDQWO\URVHDQGFDVWWKHUHPDLQGHURIWKHERXTXHWVLQWR
WKHFDUULDJH'RXEWOHVVRQHRIWKHFKDUPLQJIHPDOHV$OEHUW
KDGGHWHFWHGEHQHDWKWKHLUFRTXHWWLVKGLVJXLVHZDVWRXFKHG
E\KLVJDOODQWU\IRUDVWKHFDUULDJHRIWKHWZRIULHQGV
SDVVHGKHUVKHWKUHZDEXQFKRIYLROHWV$OEHUWVHL]HGLW
DQGDV)UDQ]KDGQRUHDVRQWRVXSSRVHLWZDVPHDQWIRUKLP
KHVXIIHUHG$OEHUWWRUHWDLQLW$OEHUWSODFHGLWLQKLV
EXWWRQKROHDQGWKHFDUULDJHZHQWWULXPSKDQWO\RQ
:HOOVDLG)UDQ]WRKLPWKHUHLVWKHEHJLQQLQJRIDQ
DGYHQWXUH
/DXJKLI\RXSOHDVH,UHDOO\WKLQNVR6R,ZLOOQRW
DEDQGRQWKLVERXTXHW
3DUGLHXUHWXUQHG)UDQ]ODXJKLQJLQWRNHQRI\RXU
LQJUDWLWXGH7KHMHVWKRZHYHUVRRQDSSHDUHGWREHFRPH
HDUQHVWIRUZKHQ$OEHUWDQG)UDQ]DJDLQHQFRXQWHUHGWKH
FDUULDJHZLWKWKHFRQWDGLQLWKHRQHZKRKDGWKURZQWKH
YLROHWVWR$OEHUWFODSSHGKHUKDQGVZKHQVKHEHKHOGWKHPLQ
KLVEXWWRQKROH%UDYREUDYRVDLG)UDQ]WKLQJVJR
ZRQGHUIXOO\6KDOO,OHDYH\RX"3HUKDSV\RXZRXOGSUHIHU
EHLQJDORQH"
1RUHSOLHGKH,ZLOOQRWEHFDXJKWOLNHDIRRODWD
ILUVWGLVFORVXUHE\DUHQGH]YRXVXQGHUWKHFORFNDVWKH\
VD\DWWKHRSHUDEDOOV,IWKHIDLUSHDVDQWZLVKHVWRFDUU\
PDWWHUVDQ\IXUWKHUZHVKDOOILQGKHURUUDWKHUVKHZLOO
ILQGXVWRPRUURZWKHQVKHZLOOJLYHPHVRPHVLJQRURWKHU

446

DQG,VKDOONQRZZKDW,KDYHWRGR
2QP\ZRUGVDLG)UDQ]\RXDUHZLVHDV1HVWRUDQG
SUXGHQWDV8O\VVHVDQG\RXUIDLU&LUFHPXVWEHYHU\VNLOIXO
RUYHU\SRZHUIXOLIVKHVXFFHHGLQFKDQJLQJ\RXLQWRDEHDVW
RIDQ\NLQG$OEHUWZDVULJKWWKHIDLUXQNQRZQKDG
UHVROYHGGRXEWOHVVWRFDUU\WKHLQWULJXHQRIDUWKHUIRU
DOWKRXJKWKH\RXQJPHQPDGHVHYHUDOPRUHWXUQVWKH\GLGQRW
DJDLQVHHWKHFDODVKZKLFKKDGWXUQHGXSRQHRIWKH
QHLJKERULQJVWUHHWV7KHQWKH\UHWXUQHGWRWKH5RVSROL
3DODFHEXWWKHFRXQWDQGWKHEOXHGRPLQRKDGDOVR
GLVDSSHDUHGWKHWZRZLQGRZVKXQJZLWK\HOORZGDPDVNZHUH
VWLOORFFXSLHGE\WKHSHUVRQVZKRPWKHFRXQWKDGLQYLWHG$W
WKLVPRPHQWWKHVDPHEHOOWKDWKDGSURFODLPHGWKHEHJLQQLQJ
RIWKHPDVFKHUDWDVRXQGHGWKHUHWUHDW7KHILOHRQWKH&RUVR
EURNHWKHOLQHDQGLQDVHFRQGDOOWKHFDUULDJHVKDG
GLVDSSHDUHG)UDQ]DQG$OEHUWZHUHRSSRVLWHWKH9LDGHOOH
0DUDWWHWKHFRDFKPDQZLWKRXWVD\LQJDZRUGGURYHXSLW
SDVVHGDORQJWKH3LD]]DGL6SDJQLDQGWKH5RVSROL3DODFHDQG
VWRSSHGDWWKHGRRURIWKHKRWHO6LJQRU3DVWULQLFDPHWR
WKHGRRUWRUHFHLYHKLVJXHVWV)UDQ]KDVWHQHGWRLQTXLUH
DIWHUWKHFRXQWDQGWRH[SUHVVUHJUHWWKDWKHKDGQRW
UHWXUQHGLQVXIILFLHQWWLPHEXW3DVWULQLUHDVVXUHGKLPE\
VD\LQJWKDWWKH&RXQWRI0RQWH&ULVWRKDGRUGHUHGDVHFRQG
FDUULDJHIRUKLPVHOIDQGWKDWLWKDGJRQHDWIRXUR
FORFN
WRIHWFKKLPIURPWKH5RVSROL3DODFH7KHFRXQWKDG
PRUHRYHUFKDUJHGKLPWRRIIHUWKHWZRIULHQGVWKHNH\RI
KLVER[DWWKH$UJHQWLQD)UDQ]TXHVWLRQHG$OEHUWDVWRKLV
LQWHQWLRQVEXW$OEHUWKDGJUHDWSURMHFWVWRSXWLQWR
H[HFXWLRQEHIRUHJRLQJWRWKHWKHDWUHDQGLQVWHDGRIPDNLQJ
DQ\DQVZHUKHLQTXLUHGLI6LJQRU3DVWULQLFRXOGSURFXUHKLP
DWDLORU$WDLORUVDLGWKHKRVWDQGIRUZKDW"
7RPDNHXVEHWZHHQQRZDQGWRPRUURZWZR5RPDQSHDVDQW
FRVWXPHVUHWXUQHG$OEHUW7KHKRVWVKRRNKLVKHDG7R
PDNH\RXWZRFRVWXPHVEHWZHHQQRZDQGWRPRUURZ",DVN\RXU
H[FHOOHQFLHV
SDUGRQEXWWKLVLVTXLWHD)UHQFKGHPDQGIRU
WKHQH[WZHHN\RXZLOOQRWILQGDVLQJOHWDLORUZKRZRXOG
FRQVHQWWRVHZVL[EXWWRQVRQDZDLVWFRDWLI\RXSDLGKLPD
FURZQDSLHFHIRUHDFKEXWWRQ
7KHQ,PXVWJLYHXSWKHLGHD"
1RZHKDYHWKHPUHDG\PDGH/HDYHDOOWRPHDQG

447

WRPRUURZZKHQ\RXDZDNH\RXVKDOOILQGDFROOHFWLRQRI
FRVWXPHVZLWKZKLFK\RXZLOOEHVDWLVILHG
0\GHDU$OEHUWVDLG)UDQ]OHDYHDOOWRRXUKRVWKHKDV
DOUHDG\SURYHGKLPVHOIIXOORIUHVRXUFHVOHWXVGLQH
TXLHWO\DQGDIWHUZDUGVJRDQGVHHC7KH$OJHULDQ&DSWLYH

$JUHHGUHWXUQHG$OEHUWEXWUHPHPEHU6LJQRU3DVWULQL
WKDWERWKP\IULHQGDQGP\VHOIDWWDFKWKHJUHDWHVW
LPSRUWDQFHWRKDYLQJWRPRUURZWKHFRVWXPHVZHKDYHDVNHG
IRU7KHKRVWDJDLQDVVXUHGWKHPWKH\PLJKWUHO\RQKLP
DQGWKDWWKHLUZLVKHVVKRXOGEHDWWHQGHGWRXSRQZKLFK
)UDQ]DQG$OEHUWPRXQWHGWRWKHLUDSDUWPHQWVDQGSURFHHGHG
WRGLVHQFXPEHUWKHPVHOYHVRIWKHLUFRVWXPHV$OEHUWDVKH
WRRNRIIKLVGUHVVFDUHIXOO\SUHVHUYHGWKHEXQFKRI
YLROHWVLWZDVKLVWRNHQUHVHUYHGIRUWKHPRUURZ7KHWZR
IULHQGVVDWGRZQWRWDEOHEXWWKH\FRXOGQRWUHIUDLQIURP
UHPDUNLQJWKHGLIIHUHQFHEHWZHHQWKH&RXQWRI0RQWH&ULVWR
V
WDEOHDQGWKDWRI6LJQRU3DVWULQL7UXWKFRPSHOOHG)UDQ]LQ
VSLWHRIWKHGLVOLNHKHVHHPHGWRKDYHWDNHQWRWKHFRXQW
WRFRQIHVVWKDWWKHDGYDQWDJHZDVQRWRQ3DVWULQL
VVLGH
'XULQJGHVVHUWWKHVHUYDQWLQTXLUHGDWZKDWWLPHWKH\
ZLVKHGIRUWKHFDUULDJH$OEHUWDQG)UDQ]ORRNHGDWHDFK
RWKHUIHDULQJUHDOO\WRDEXVHWKHFRXQW
VNLQGQHVV7KH
VHUYDQWXQGHUVWRRGWKHP+LVH[FHOOHQF\WKH&RXQWRI0RQWH
&ULVWRKDGKHVDLGJLYHQSRVLWLYHRUGHUVWKDWWKH
FDUULDJHZDVWRUHPDLQDWWKHLUORUGVKLSV
RUGHUVDOOGD\
DQGWKH\FRXOGWKHUHIRUHGLVSRVHRILWZLWKRXWIHDURI
LQGLVFUHWLRQ
7KH\UHVROYHGWRSURILWE\WKHFRXQW
VFRXUWHV\DQGRUGHUHG
WKHKRUVHVWREHKDUQHVVHGZKLOHWKH\VXEVWLWXWHGHYHQLQJ
GUHVVIRUWKDWZKLFKWKH\KDGRQDQGZKLFKZDVVRPHZKDWWKH
ZRUVHIRUWKHQXPHURXVFRPEDWVWKH\KDGVXVWDLQHG7KLV
SUHFDXWLRQWDNHQWKH\ZHQWWRWKHWKHDWUHDQGLQVWDOOHG
WKHPVHOYHVLQWKHFRXQW
VER['XULQJWKHILUVWDFWWKH
&RXQWHVV*HQWHUHG+HUILUVWORRNZDVDWWKHER[ZKHUH
VKHKDGVHHQWKHFRXQWWKHSUHYLRXVHYHQLQJVRWKDWVKH
SHUFHLYHG)UDQ]DQG$OEHUWLQWKHSODFHRIWKHYHU\SHUVRQ
FRQFHUQLQJZKRPVKHKDGH[SUHVVHGVRVWUDQJHDQRSLQLRQWR
)UDQ]+HURSHUDJODVVZDVVRIL[HGO\GLUHFWHGWRZDUGVWKHP
WKDW)UDQ]VDZLWZRXOGEHFUXHOQRWWRVDWLVI\KHU
FXULRVLW\DQGDYDLOLQJKLPVHOIRIRQHRIWKHSULYLOHJHVRI
WKHVSHFWDWRUVRIWKH,WDOLDQWKHDWUHVZKRXVHWKHLUER[HV

448

WRKROGUHFHSWLRQVWKHWZRIULHQGVZHQWWRSD\WKHLU
UHVSHFWVWRWKHFRXQWHVV6FDUFHO\KDGWKH\HQWHUHGZKHQ
VKHPRWLRQHGWR)UDQ]WRDVVXPHWKHVHDWRIKRQRU$OEHUW
LQKLVWXUQVDWEHKLQG
:HOOVDLGVKHKDUGO\JLYLQJ)UDQ]WLPHWRVLWGRZQLW
VHHPV\RXKDYHQRWKLQJEHWWHUWRGRWKDQWRPDNHWKH
DFTXDLQWDQFHRIWKLVQHZ/RUG5XWKYHQDQG\RXDUHDOUHDG\
WKHEHVWIULHQGVLQWKHZRUOG
:LWKRXWEHLQJVRIDUDGYDQFHGDVWKDWP\GHDUFRXQWHVV
UHWXUQHG)UDQ],FDQQRWGHQ\WKDWZHKDYHDEXVHGKLVJRRG
QDWXUHDOOGD\
$OOGD\"
<HVWKLVPRUQLQJZHEUHDNIDVWHGZLWKKLPZHURGHLQKLV
FDUULDJHDOOGD\DQGQRZZHKDYHWDNHQSRVVHVVLRQRIKLV
ER[
<RXNQRZKLPWKHQ"
<HVDQGQR
+RZVR"
,WLVDORQJVWRU\

7HOOLWWRPH
,WZRXOGIULJKWHQ\RXWRRPXFK
6RPXFKWKHPRUHUHDVRQ
$WOHDVWZDLWXQWLOWKHVWRU\KDVDFRQFOXVLRQ
9HU\ZHOO,SUHIHUFRPSOHWHKLVWRULHVEXWWHOOPHKRZ\RX
PDGHKLVDFTXDLQWDQFH"'LGDQ\RQHLQWURGXFH\RXWRKLP"
1RLWZDVKHZKRLQWURGXFHGKLPVHOIWRXV
:KHQ"
/DVWQLJKWDIWHUZHOHIW\RX

449

7KURXJKZKDWPHGLXP"
7KHYHU\SURVDLFRQHRIRXUODQGORUG
+HLVVWD\LQJWKHQDWWKH+RWHOGH/RQGUHVZLWK\RX"
1RWRQO\LQWKHVDPHKRWHOEXWRQWKHVDPHIORRU
:KDWLVKLVQDPHIRURIFRXUVH\RXNQRZ"
7KH&RXQWRI0RQWH&ULVWR
7KDWLVQRWDIDPLO\QDPH"
1RLWLVWKHQDPHRIWKHLVODQGKHKDVSXUFKDVHG
$QGKHLVDFRXQW"
$7XVFDQFRXQW
:HOOZHPXVWSXWXSZLWKWKDWVDLGWKHFRXQWHVVZKRZDV
KHUVHOIIURPRQHRIWKHROGHVW9HQHWLDQIDPLOLHV:KDWVRUW
RIDPDQLVKH"
$VNWKH9LFRPWHGH0RUFHUI
<RXKHDU0GH0RUFHUI,DPUHIHUUHGWR\RXVDLGWKH
FRXQWHVV
:HVKRXOGEHYHU\KDUGWRSOHDVHPDGDPUHWXUQHG$OEHUW
GLGZHQRWWKLQNKLPGHOLJKWIXO$IULHQGRIWHQ\HDUV

VWDQGLQJFRXOGQRWKDYHGRQHPRUHIRUXVRUZLWKDPRUH
SHUIHFWFRXUWHV\
&RPHREVHUYHGWKHFRXQWHVVVPLOLQJ,VHHP\YDPSLUHLV
RQO\VRPHPLOOLRQDLUHZKRKDVWDNHQWKHDSSHDUDQFHRI/DUD
LQRUGHUWRDYRLGEHLQJFRQIRXQGHGZLWK0GH5RWKVFKLOG
DQG\RXKDYHVHHQKHU"
+HU"
7KHEHDXWLIXO*UHHNRI\HVWHUGD\

450

1RZHKHDUG,WKLQNWKHVRXQGRIKHUJX]ODEXWVKH
UHPDLQHGSHUIHFWO\LQYLVLEOH
:KHQ\RXVD\LQYLVLEOHLQWHUUXSWHG$OEHUWLWLVRQO\WR
NHHSXSWKHP\VWHU\IRUZKRPGR\RXWDNHWKHEOXHGRPLQRDW
WKHZLQGRZZLWKWKHZKLWHFXUWDLQV"
:KHUHZDVWKLVZLQGRZZLWKZKLWHKDQJLQJV"DVNHGWKH
FRXQWHVV
$WWKH5RVSROL3DODFH
7KHFRXQWKDGWKUHHZLQGRZVDWWKH5RVSROL3DODFH"
<HV'LG\RXSDVVWKURXJKWKH&RUVR"
<HV
:HOOGLG\RXQRWLFHWZRZLQGRZVKXQJZLWK\HOORZGDPDVN
DQGRQHZLWKZKLWHGDPDVNZLWKDUHGFURVV"7KRVHZHUHWKH
FRXQW
VZLQGRZV"
:K\KHPXVWEHDQDERE'R\RXNQRZZKDWWKRVHWKUHH
ZLQGRZVZHUHZRUWK"
7ZRRUWKUHHKXQGUHG5RPDQFURZQV"
7ZRRUWKUHHWKRXVDQG
7KHGHXFH
'RHVKLVLVODQGSURGXFHKLPVXFKDUHYHQXH"
,WGRHVQRWEULQJKLPDEDLRFFR
7KHQZK\GLGKHSXUFKDVHLW"
)RUDZKLP
+HLVDQRULJLQDOWKHQ"
,QUHDOLW\REVHUYHG$OEHUWKHVHHPHGWRPHVRPHZKDW
HFFHQWULFZHUHKHDW3DULVDQGDIUHTXHQWHURIWKH
WKHDWUHV,VKRXOGVD\KHZDVDSRRUGHYLOOLWHUDOO\PDG

451

7KLVPRUQLQJKHPDGHWZRRUWKUHHH[LWVZRUWK\RI'LGLHURU
$QWKRQ\$WWKLVPRPHQWDIUHVKYLVLWRUHQWHUHGDQG
DFFRUGLQJWRFXVWRP)UDQ]JDYHXSKLVVHDWWRKLP7KLV
FLUFXPVWDQFHKDGPRUHRYHUWKHHIIHFWRIFKDQJLQJWKH
FRQYHUVDWLRQDQKRXUDIWHUZDUGVWKHWZRIULHQGVUHWXUQHGWR
WKHLUKRWHO6LJQRU3DVWULQLKDGDOUHDG\VHWDERXWSURFXULQJ
WKHLUGLVJXLVHVIRUWKHPRUURZDQGKHDVVXUHGWKHPWKDW
WKH\ZRXOGEHSHUIHFWO\VDWLVILHG7KHQH[WPRUQLQJDWQLQH
R
FORFNKHHQWHUHG)UDQ]
VURRPIROORZHGE\DWDLORUZKR
KDGHLJKWRUWHQ5RPDQSHDVDQWFRVWXPHVRQKLVDUPWKH\
VHOHFWHGWZRH[DFWO\DOLNHDQGFKDUJHGWKHWDLORUWRVHZRQ
HDFKRIWKHLUKDWVDERXWWZHQW\\DUGVRIULEERQDQGWR
SURFXUHWKHPWZRRIWKHORQJVLONVDVKHVRIGLIIHUHQWFRORUV
ZLWKZKLFKWKHORZHURUGHUVGHFRUDWHWKHPVHOYHVRQ
IHWHGD\V$OEHUWZDVLPSDWLHQWWRVHHKRZKHORRNHGLQKLV
QHZGUHVVDMDFNHWDQGEUHHFKHVRIEOXHYHOYHWVLON
VWRFNLQJVZLWKFORFNVVKRHVZLWKEXFNOHVDQGDVLON
ZDLVWFRDW7KLVSLFWXUHVTXHDWWLUHVHWKLPRIIWRJUHDW
DGYDQWDJHDQGZKHQKHKDGERXQGWKHVFDUIDURXQGKLVZDLVW
DQGZKHQKLVKDWSODFHGFRTXHWWLVKO\RQRQHVLGHOHWIDOO
RQKLVVKRXOGHUDVWUHDPRIULEERQV)UDQ]ZDVIRUFHGWR
FRQIHVVWKDWFRVWXPHKDVPXFKWRGRZLWKWKHSK\VLFDO
VXSHULRULW\ZHDFFRUGWRFHUWDLQQDWLRQV7KH7XUNVXVHGWR
EHVRSLFWXUHVTXHZLWKWKHLUORQJDQGIORZLQJUREHVEXWDUH
WKH\QRWQRZKLGHRXVZLWKWKHLUEOXHIURFNVEXWWRQHGXSWR
WKHFKLQDQGWKHLUUHGFDSVZKLFKPDNHWKHPORRNOLNHD
ERWWOHRIZLQHZLWKDUHGVHDO")UDQ]FRPSOLPHQWHG$OEHUW
ZKRORRNHGDWKLPVHOILQWKHJODVVZLWKDQXQHTXLYRFDOVPLOH
RIVDWLVIDFWLRQ7KH\ZHUHWKXVHQJDJHGZKHQWKH&RXQWRI
0RQWH&ULVWRHQWHUHG
*HQWOHPHQVDLGKHDOWKRXJKDFRPSDQLRQLVDJUHHDEOH
SHUIHFWIUHHGRPLVVRPHWLPHVVWLOOPRUHDJUHHDEOH,FRPHWR
VD\WKDWWRGD\DQGIRUWKHUHPDLQGHURIWKH&DUQLYDO,
OHDYHWKHFDUULDJHHQWLUHO\DW\RXUGLVSRVDO7KHKRVWZLOO
WHOO\RX,KDYHWKUHHRUIRXUPRUHVRWKDW\RXZLOOQRW
LQFRQYHQLHQFHPHLQDQ\ZD\0DNHXVHRILW,SUD\\RXIRU
\RXUSOHDVXUHRU\RXUEXVLQHVV
7KH\RXQJPHQZLVKHGWRGHFOLQHEXWWKH\FRXOGILQGQRJRRG
UHDVRQIRUUHIXVLQJDQRIIHUZKLFKZDVVRDJUHHDEOHWRWKHP
7KH&RXQWRI0RQWH&ULVWRUHPDLQHGDTXDUWHURIDQKRXUZLWK
WKHPFRQYHUVLQJRQDOOVXEMHFWVZLWKWKHJUHDWHVWHDVH+H
ZDVDVZHKDYHDOUHDG\VDLGSHUIHFWO\ZHOODFTXDLQWHGZLWK

452

WKHOLWHUDWXUHRIDOOFRXQWULHV$JODQFHDWWKHZDOOVRI
KLVVDORQSURYHGWR)UDQ]DQG$OEHUWWKDWKHZDVD
FRQQRLVVHXURISLFWXUHV$IHZZRUGVKHOHWIDOOVKRZHGWKHP
WKDWKHZDVQRVWUDQJHUWRWKHVFLHQFHVDQGKHVHHPHGPXFK
RFFXSLHGZLWKFKHPLVWU\7KHWZRIULHQGVGLGQRWYHQWXUHWR
UHWXUQWKHFRXQWWKHEUHDNIDVWKHKDGJLYHQWKHPLWZRXOG
KDYHEHHQWRRDEVXUGWRRIIHUKLPLQH[FKDQJHIRUKLV
H[FHOOHQWWDEOHWKHYHU\LQIHULRURQHRI6LJQRU3DVWULQL
7KH\WROGKLPVRIUDQNO\DQGKHUHFHLYHGWKHLUH[FXVHVZLWK
WKHDLURIDPDQZKRDSSUHFLDWHGWKHLUGHOLFDF\$OEHUWZDV
FKDUPHGZLWKWKHFRXQW
VPDQQHUVDQGKHZDVRQO\SUHYHQWHG
IURPUHFRJQL]LQJKLPIRUDSHUIHFWJHQWOHPDQE\UHDVRQRI
KLVYDULHGNQRZOHGJH7KHSHUPLVVLRQWRGRZKDWKHOLNHG
ZLWKWKHFDUULDJHSOHDVHGKLPDERYHDOOIRUWKHIDLU
SHDVDQWVKDGDSSHDUHGLQDPRVWHOHJDQWFDUULDJHWKH
SUHFHGLQJHYHQLQJDQG$OEHUWZDVQRWVRUU\WREHXSRQDQ
HTXDOIRRWLQJZLWKWKHP$WKDOISDVWRQHWKH\GHVFHQGHG
WKHFRDFKPDQDQGIRRWPDQKDGSXWRQWKHLUOLYHU\RYHUWKHLU
GLVJXLVHVZKLFKJDYHWKHPDPRUHULGLFXORXVDSSHDUDQFHWKDQ
HYHUDQGZKLFKJDLQHGWKHPWKHDSSODXVHRI)UDQ]DQG
$OEHUW$OEHUWKDGIDVWHQHGWKHIDGHGEXQFKRIYLROHWVWR
KLVEXWWRQKROH$WWKHILUVWVRXQGRIWKHEHOOWKH\
KDVWHQHGLQWRWKH&RUVRE\WKH9LD9LWWRULD$WWKHVHFRQG
WXUQDEXQFKRIIUHVKYLROHWVWKURZQIURPDFDUULDJH
ILOOHGZLWKKDUOHTXLQVLQGLFDWHGWR$OEHUWWKDWOLNH
KLPVHOIDQGKLVIULHQGWKHSHDVDQWVKDGFKDQJHGWKHLU
FRVWXPHDOVRDQGZKHWKHULWZDVWKHUHVXOWRIFKDQFHRU
ZKHWKHUDVLPLODUIHHOLQJKDGSRVVHVVHGWKHPERWKZKLOHKH
KDGFKDQJHGKLVFRVWXPHWKH\KDGDVVXPHGKLV
$OEHUWSODFHGWKHIUHVKERXTXHWLQKLVEXWWRQKROHEXWKH
NHSWWKHIDGHGRQHLQKLVKDQGDQGZKHQKHDJDLQPHWWKH
FDODVKKHUDLVHGLWWRKLVOLSVDQDFWLRQZKLFKVHHPHG
JUHDWO\WRDPXVHQRWRQO\WKHIDLUODG\ZKRKDGWKURZQLW
EXWKHUMR\RXVFRPSDQLRQVDOVR7KHGD\ZDVDVJD\DVWKH
SUHFHGLQJRQHSHUKDSVHYHQPRUHDQLPDWHGDQGQRLV\WKH
FRXQWDSSHDUHGIRUDQLQVWDQWDWKLVZLQGRZEXWZKHQWKH\
DJDLQSDVVHGKHKDGGLVDSSHDUHG,WLVDOPRVWQHHGOHVVWR
VD\WKDWWKHIOLUWDWLRQEHWZHHQ$OEHUWDQGWKHIDLUSHDVDQW
FRQWLQXHGDOOGD\,QWKHHYHQLQJRQKLVUHWXUQ)UDQ]
IRXQGDOHWWHUIURPWKHHPEDVV\LQIRUPLQJKLPWKDWKHZRXOG
KDYHWKHKRQRURIEHLQJUHFHLYHGE\KLVKROLQHVVWKHQH[W
GD\$WHDFKSUHYLRXVYLVLWKHKDGPDGHWR5RPHKHKDG
VROLFLWHGDQGREWDLQHGWKHVDPHIDYRUDQGLQFLWHGDVPXFK

453

E\DUHOLJLRXVIHHOLQJDVE\JUDWLWXGHKHZDVXQZLOOLQJWR
TXLWWKHFDSLWDORIWKH&KULVWLDQZRUOGZLWKRXWOD\LQJKLV
UHVSHFWIXOKRPDJHDWWKHIHHWRIRQHRI6W3HWHU
V
VXFFHVVRUVZKRKDVVHWWKHUDUHH[DPSOHRIDOOWKHYLUWXHV
+HGLGQRWWKHQWKLQNRIWKH&DUQLYDOIRULQVSLWHRIKLV
FRQGHVFHQVLRQDQGWRXFKLQJNLQGQHVVRQHFDQQRWLQFOLQH
RQH
VVHOIZLWKRXWDZHEHIRUHWKHYHQHUDEOHDQGQREOHROG
PDQFDOOHG*UHJRU\;9,2QKLVUHWXUQIURPWKH9DWLFDQ
)UDQ]FDUHIXOO\DYRLGHGWKH&RUVRKHEURXJKWDZD\ZLWKKLP
DWUHDVXUHRISLRXVWKRXJKWVWRZKLFKWKHPDGJD\HW\RIWKH
PDVNHUVZRXOGKDYHEHHQSURIDQDWLRQ$WWHQPLQXWHVSDVW
ILYH$OEHUWHQWHUHGRYHUMR\HG7KHKDUOHTXLQKDGUHDVVXPHG
KHUSHDVDQW
VFRVWXPHDQGDVVKHSDVVHGVKHUDLVHGKHU
PDVN6KHZDVFKDUPLQJ)UDQ]FRQJUDWXODWHG$OEHUWZKR
UHFHLYHGKLVFRQJUDWXODWLRQVZLWKWKHDLURIDPDQFRQVFLRXV
WKDWWKH\DUHPHULWHG+HKDGUHFRJQL]HGE\FHUWDLQ
XQPLVWDNDEOHVLJQVWKDWKLVIDLULQFRJQLWDEHORQJHGWRWKH
DULVWRFUDF\+HKDGPDGHXSKLVPLQGWRZULWHWRKHUWKH
QH[WGD\)UDQ]UHPDUNHGZKLOHKHJDYHWKHVHGHWDLOVWKDW
$OEHUWVHHPHGWRKDYHVRPHWKLQJWRDVNRIKLPEXWWKDWKH
ZDVXQZLOOLQJWRDVNLW+HLQVLVWHGXSRQLWGHFODULQJ
EHIRUHKDQGWKDWKHZDVZLOOLQJWRPDNHDQ\VDFULILFHWKH
RWKHUZLVKHG$OEHUWOHWKLPVHOIEHSUHVVHGMXVWDVORQJDV
IULHQGVKLSUHTXLUHGDQGWKHQDYRZHGWR)UDQ]WKDWKHZRXOG
GRKLPDJUHDWIDYRUE\DOORZLQJKLPWRRFFXS\WKHFDUULDJH
DORQHWKHQH[WGD\$OEHUWDWWULEXWHGWR)UDQ]
VDEVHQFHWKH
H[WUHPHNLQGQHVVRIWKHIDLUSHDVDQWLQUDLVLQJKHUPDVN
)UDQ]ZDVQRWVXIILFLHQWO\HJRWLVWLFDOWRVWRS$OEHUWLQWKH
PLGGOHRIDQDGYHQWXUHWKDWSURPLVHGWRSURYHVRDJUHHDEOH
WRKLVFXULRVLW\DQGVRIODWWHULQJWRKLVYDQLW\+HIHOW
DVVXUHGWKDWWKHSHUIHFWLQGLVFUHWLRQRIKLVIULHQGZRXOG
GXO\LQIRUPKLPRIDOOWKDWKDSSHQHGDQGDVGXULQJWKUHH
\HDUVWKDWKHKDGWUDYHOOHGDOORYHU,WDO\DVLPLODUSLHFH
RIJRRGIRUWXQHKDGQHYHUIDOOHQWRKLVVKDUH)UDQ]ZDVE\
QRPHDQVVRUU\WROHDUQKRZWRDFWRQVXFKDQRFFDVLRQ+H
WKHUHIRUHSURPLVHG$OEHUWWKDWKHZRXOGFRQWHQWKLPVHOIWKH
PRUURZZLWKZLWQHVVLQJWKH&DUQLYDOIURPWKHZLQGRZVRIWKH
5RVSROL3DODFH
7KHQH[WPRUQLQJKHVDZ$OEHUWSDVVDQGUHSDVVKROGLQJDQ
HQRUPRXVERXTXHWZKLFKKHGRXEWOHVVPHDQWWRPDNHWKH
EHDUHURIKLVDPRURXVHSLVWOH7KLVEHOLHIZDVFKDQJHGLQWR
FHUWDLQW\ZKHQ)UDQ]VDZWKHERXTXHW FRQVSLFXRXVE\D
FLUFOHRIZKLWHFDPHOOLDV LQWKHKDQGRIDFKDUPLQJ

454

KDUOHTXLQGUHVVHGLQURVHFRORUHGVDWLQ7KHHYHQLQJZDVQR
ORQJHUMR\EXWGHOLULXP$OEHUWQRWKLQJGRXEWHGEXWWKDW
WKHIDLUXQNQRZQZRXOGUHSO\LQWKHVDPHPDQQHU)UDQ]
DQWLFLSDWHGKLVZLVKHVE\VD\LQJWKDWWKHQRLVHIDWLJXHG
KLPDQGWKDWKHVKRXOGSDVVWKHQH[WGD\LQZULWLQJDQG
ORRNLQJRYHUKLVMRXUQDO$OEHUWZDVQRWGHFHLYHGIRUWKH
QH[WHYHQLQJ)UDQ]VDZKLPHQWHUWULXPSKDQWO\VKDNLQJD
IROGHGSDSHUZKLFKKHKHOGE\RQHFRUQHU:HOOVDLGKH
ZDV,PLVWDNHQ"
6KHKDVDQVZHUHG\RXFULHG)UDQ]
5HDG7KLVZRUGZDVSURQRXQFHGLQDPDQQHULPSRVVLEOHWR
GHVFULEH)UDQ]WRRNWKHOHWWHUDQGUHDG
7XHVGD\HYHQLQJDWVHYHQR
FORFNGHVFHQGIURP\RXU
FDUULDJHRSSRVLWHWKH9LDGHL3RQWHILFLDQGIROORZWKH
5RPDQSHDVDQWZKRVQDWFKHV\RXUWRUFKIURP\RX:KHQ\RX
DUULYHDWWKHILUVWVWHSRIWKHFKXUFKRI6DQ*LDFRPREH
VXUHWRIDVWHQDNQRWRIURVHFRORUHGULEERQVWRWKH
VKRXOGHURI\RXUKDUOHTXLQFRVWXPHLQRUGHUWKDW\RXPD\EH
UHFRJQL]HG8QWLOWKHQ\RXZLOOQRWVHHPH
&RQVWDQF\DQG'LVFUHWLRQ
:HOODVNHGKHZKHQ)UDQ]KDGILQLVKHGZKDWGR\RX
WKLQNRIWKDW"
,WKLQNWKDWWKHDGYHQWXUHLVDVVXPLQJDYHU\DJUHHDEOH
DSSHDUDQFH
,WKLQNVRDOVRUHSOLHG$OEHUWDQG,YHU\PXFKIHDU
\RXZLOOJRDORQHWRWKH'XNHRI%UDFFLDQR
VEDOO)UDQ]
DQG$OEHUWKDGUHFHLYHGWKDWPRUQLQJDQLQYLWDWLRQIURPWKH
FHOHEUDWHG5RPDQEDQNHU7DNHFDUH$OEHUWVDLG)UDQ]
$OOWKHQRELOLW\RI5RPHZLOOEHSUHVHQWDQGLI\RXUIDLU
LQFRJQLWDEHORQJWRWKHKLJKHUFODVVRIVRFLHW\VKHPXVWJR
WKHUH
:KHWKHUVKHJRHVWKHUHRUQRWP\RSLQLRQLVVWLOOWKH
VDPHUHWXUQHG$OEHUW<RXKDYHUHDGWKHOHWWHU"
<HV

455

<RXNQRZKRZLPSHUIHFWO\WKHZRPHQRIWKHPH]]RFLWRDUH
HGXFDWHGLQ,WDO\" 7KLVLVWKHQDPHRIWKHORZHUFODVV
<HV
:HOOUHDGWKHOHWWHUDJDLQ/RRNDWWKHZULWLQJDQGILQG
LI\RXFDQDQ\EOHPLVKLQWKHODQJXDJHRURUWKRJUDSK\
7KHZULWLQJZDVLQUHDOLW\FKDUPLQJDQGWKHRUWKRJUDSK\
LUUHSURDFKDEOH <RXDUHERUQWRJRRGIRUWXQHVDLG)UDQ]
DVKHUHWXUQHGWKHOHWWHU
/DXJKDVPXFKDV\RXZLOOUHSOLHG$OEHUW,DPLQORYH
<RXDODUPPHFULHG)UDQ],VHHWKDW,VKDOOQRWRQO\JR
DORQHWRWKH'XNHRI%UDFFLDQR
VEXWDOVRUHWXUQWR
)ORUHQFHDORQH
,IP\XQNQRZQEHDVDPLDEOHDVVKHLVEHDXWLIXOVDLG
$OEHUW,VKDOOIL[P\VHOIDW5RPHIRUVL[ZHHNVDWOHDVW
,DGRUH5RPHDQG,KDYHDOZD\VKDGDJUHDWWDVWHIRU
DUFKDHRORJ\
&RPHWZRRUWKUHHPRUHVXFKDGYHQWXUHVDQG,GRQRW
GHVSDLURIVHHLQJ\RXDPHPEHURIWKH$FDGHP\'RXEWOHVV
$OEHUWZDVDERXWWRGLVFXVVVHULRXVO\KLVULJKWWRWKH
DFDGHPLFFKDLUZKHQWKH\ZHUHLQIRUPHGWKDWGLQQHUZDV
UHDG\$OEHUW
VORYHKDGQRWWDNHQDZD\KLVDSSHWLWH+H
KDVWHQHGZLWK)UDQ]WRVHDWKLPVHOIIUHHWRUHFRPPHQFHWKH
GLVFXVVLRQDIWHUGLQQHU$IWHUGLQQHUWKH&RXQWRI0RQWH
&ULVWRZDVDQQRXQFHG7KH\KDGQRWVHHQKLPIRUWZRGD\V
6LJQRU3DVWULQLLQIRUPHGWKHPWKDWEXVLQHVVKDGFDOOHGKLP
WR&LYLWD9HFFKLD+HKDGVWDUWHGWKHSUHYLRXVHYHQLQJDQG
KDGRQO\UHWXUQHGDQKRXUVLQFH+HZDVFKDUPLQJ:KHWKHUKH
NHSWDZDWFKRYHUKLPVHOIRUZKHWKHUE\DFFLGHQWKHGLGQRW
VRXQGWKHDFULPRQLRXVFKRUGVWKDWLQRWKHUFLUFXPVWDQFHVKDG
EHHQWRXFKHGKHZDVWRQLJKWOLNHHYHU\ERG\HOVH7KHPDQ
ZDVDQHQLJPDWR)UDQ]7KHFRXQWPXVWIHHOVXUHWKDW)UDQ]
UHFRJQL]HGKLPDQG\HWKHKDGQRWOHWIDOODVLQJOHZRUG
LQGLFDWLQJDQ\SUHYLRXVDFTXDLQWDQFHEHWZHHQWKHP2QKLV
VLGHKRZHYHUJUHDW)UDQ]
VGHVLUHZDVWRDOOXGHWRWKHLU
IRUPHULQWHUYLHZWKHIHDURIEHLQJGLVDJUHHDEOHWRWKHPDQ
ZKRKDGORDGHGKLPDQGKLVIULHQGZLWKNLQGQHVVSUHYHQWHG
KLPIURPPHQWLRQLQJLW7KHFRXQWKDGOHDUQHGWKDWWKHWZR
IULHQGVKDGVHQWWRVHFXUHDER[DWWKH$UJHQWLQD7KHDWUH

456

DQGZHUHWROGWKH\ZHUHDOOOHW,QFRQVHTXHQFHKHEURXJKW
WKHPWKHNH\RIKLVRZQDWOHDVWVXFKZDVWKHDSSDUHQW
PRWLYHRIKLVYLVLW)UDQ]DQG$OEHUWPDGHVRPHGLIILFXOW\
DOOHJLQJWKHLUIHDURIGHSULYLQJKLPRILWEXWWKHFRXQW
UHSOLHGWKDWDVKHZDVJRLQJWRWKH3DOOL7KHDWUHWKHER[
DWWKH$UJHQWLQD7KHDWUHZRXOGKHORVWLIWKH\GLGQRW
SURILWE\LW7KLVDVVXUDQFHGHWHUPLQHGWKHWZRIULHQGVWR
DFFHSWLW
)UDQ]KDGE\GHJUHHVEHFRPHDFFXVWRPHGWRWKHFRXQW
V
SDOORUZKLFKKDGVRIRUFLEO\VWUXFNKLPDWWKHLUILUVW
PHHWLQJ+HFRXOGQRWUHIUDLQIURPDGPLULQJWKHVHYHUH
EHDXW\RIKLVIHDWXUHVWKHRQO\GHIHFWRUUDWKHUWKH
SULQFLSDOTXDOLW\RIZKLFKZDVWKHSDOORU7UXO\D%\URQLF
KHUR)UDQ]FRXOGQRWZHZLOOQRWVD\VHHKLPEXWHYHQ
WKLQNRIKLPZLWKRXWLPDJLQLQJKLVVWHUQKHDGXSRQ0DQIUHG
V
VKRXOGHUVRUEHQHDWK/DUD
VKHOPHW+LVIRUHKHDGZDVPDUNHG
ZLWKWKHOLQHWKDWLQGLFDWHVWKHFRQVWDQWSUHVHQFHRIELWWHU
WKRXJKWVKHKDGWKHILHU\H\HVWKDWVHHPWRSHQHWUDWHWR
WKHYHU\VRXODQGWKHKDXJKW\DQGGLVGDLQIXOXSSHUOLSWKDW
JLYHVWRWKHZRUGVLWXWWHUVDSHFXOLDUFKDUDFWHUWKDW
LPSUHVVHVWKHPRQWKHPLQGVRIWKRVHWRZKRPWKH\DUH
DGGUHVVHG7KHFRXQWZDVQRORQJHU\RXQJ+HZDVDWOHDVW
IRUW\DQG\HWLWZDVHDV\WRXQGHUVWDQGWKDWKHZDVIRUPHG
WRUXOHWKH\RXQJPHQZLWKZKRPKHDVVRFLDWHGDWSUHVHQW
$QGWRFRPSOHWHKLVUHVHPEODQFHZLWKWKHIDQWDVWLFKHURHV
RIWKH(QJOLVKSRHWWKHFRXQWVHHPHGWRKDYHWKHSRZHURI
IDVFLQDWLRQ$OEHUWZDVFRQVWDQWO\H[SDWLDWLQJRQWKHLUJRRG
IRUWXQHLQPHHWLQJVXFKDPDQ)UDQ]ZDVOHVVHQWKXVLDVWLF
EXWWKHFRXQWH[HUFLVHGRYHUKLPDOVRWKHDVFHQGHQF\D
VWURQJPLQGDOZD\VDFTXLUHVRYHUDPLQGOHVVGRPLQHHULQJ+H
WKRXJKWVHYHUDOWLPHVRIWKHSURMHFWWKHFRXQWKDGRI
YLVLWLQJ3DULVDQGKHKDGQRGRXEWEXWWKDWZLWKKLV
HFFHQWULFFKDUDFWHUKLVFKDUDFWHULVWLFIDFHDQGKLV
FRORVVDOIRUWXQHKHZRXOGSURGXFHDJUHDWHIIHFWWKHUH$QG
\HWKHGLGQRWZLVKWREHDW3DULVZKHQWKHFRXQWZDVWKHUH
7KHHYHQLQJSDVVHGDVHYHQLQJVPRVWO\SDVVDW,WDOLDQ
WKHDWUHVWKDWLVQRWLQOLVWHQLQJWRWKHPXVLFEXWLQ
SD\LQJYLVLWVDQGFRQYHUVLQJ7KH&RXQWHVV*ZLVKHGWR
UHYLYHWKHVXEMHFWRIWKHFRXQWEXW)UDQ]DQQRXQFHGKHKDG
VRPHWKLQJIDUQHZHUWRWHOOKHUDQGLQVSLWHRI$OEHUW
V
GHPRQVWUDWLRQVRIIDOVHPRGHVW\KHLQIRUPHGWKHFRXQWHVVRI
WKHJUHDWHYHQWZKLFKKDGSUHRFFXSLHGWKHPIRUWKHODVW
WKUHHGD\V$VVLPLODULQWULJXHVDUHQRWXQFRPPRQLQ,WDO\

457

LIZHPD\FUHGLWWUDYHOOHUVWKHFRPWHVVGLGQRWPDQLIHVW
WKHOHDVWLQFUHGXOLW\EXWFRQJUDWXODWHG$OEHUWRQKLV
VXFFHVV7KH\SURPLVHGXSRQVHSDUDWLQJWRPHHWDWWKH'XNH
RI%UDFFLDQR
VEDOOWRZKLFKDOO5RPHZDVLQYLWHG7KH
KHURLQHRIWKHERXTXHWNHSWKHUZRUGVKHJDYH$OEHUWQR
VLJQRIKHUH[LVWHQFHWKHPRUURZRUWKHGD\DIWHU
$WOHQJWK7XHVGD\FDPHWKHODVWDQGPRVWWXPXOWXRXVGD\RI
WKH&DUQLYDO2Q7XHVGD\WKHWKHDWUHVRSHQDWWHQR
FORFN
LQWKHPRUQLQJDV/HQWEHJLQVDIWHUHLJKWDWQLJKW2Q
7XHVGD\DOOWKRVHZKRWKURXJKZDQWRIPRQH\WLPHRU
HQWKXVLDVPKDYHQRWEHHQWRVHHWKH&DUQLYDOEHIRUHPLQJOH
LQWKHJD\HW\DQGFRQWULEXWHWRWKHQRLVHDQGH[FLWHPHQW
)URPWZRR
FORFNWLOOILYH)UDQ]DQG$OEHUWIROORZHGLQWKH
IHWHH[FKDQJLQJKDQGIXOVRIFRQIHWWLZLWKWKHRWKHU
FDUULDJHVDQGWKHSHGHVWULDQVZKRFURZGHGDPRQJVWWKH
KRUVHV
IHHWDQGWKHFDUULDJHZKHHOVZLWKRXWDVLQJOH
DFFLGHQWDVLQJOHGLVSXWHRUDVLQJOHILJKW7KHIHWHVDUH
YHULWDEOHSOHDVXUHGD\VWRWKH,WDOLDQV7KHDXWKRURIWKLV
KLVWRU\ZKRKDVUHVLGHGILYHRUVL[\HDUVLQ,WDO\GRHV
QRWUHFROOHFWWRKDYHHYHUVHHQDFHUHPRQ\LQWHUUXSWHGE\
RQHRIWKRVHHYHQWVVRFRPPRQLQRWKHUFRXQWULHV$OEHUWZDV
WULXPSKDQWLQKLVKDUOHTXLQFRVWXPH$NQRWRIURVHFRORUHG
ULEERQVIHOOIURPKLVVKRXOGHUDOPRVWWRWKHJURXQG,Q
RUGHUWKDWWKHUHPLJKWEHQRFRQIXVLRQ)UDQ]ZRUHKLV
SHDVDQW
VFRVWXPH
$VWKHGD\DGYDQFHGWKHWXPXOWEHFDPHJUHDWHU7KHUHZDV
QRWRQWKHSDYHPHQWLQWKHFDUULDJHVDWWKHZLQGRZVD
VLQJOHWRQJXHWKDWZDVVLOHQWDVLQJOHDUPWKDWGLGQRW
PRYH,WZDVDKXPDQVWRUPPDGHXSRIDWKXQGHURIFULHV
DQGDKDLORIVZHHWPHDWVIORZHUVHJJVRUDQJHVDQG
QRVHJD\V$WWKUHHR
FORFNWKHVRXQGRIILUHZRUNVOHWRII
RQWKH3LD]]DGHO3RSRORDQGWKH3LD]]DGL9HQH]LD KHDUG
ZLWKGLIILFXOW\DPLGWKHGLQDQGFRQIXVLRQ DQQRXQFHGWKDW
WKHUDFHVZHUHDERXWWREHJLQ7KHUDFHVOLNHWKHPRFFROL
DUHRQHRIWKHHSLVRGHVSHFXOLDUWRWKHODVWGD\VRIWKH
&DUQLYDO$WWKHVRXQGRIWKHILUHZRUNVWKHFDUULDJHV
LQVWDQWO\EURNHUDQNVDQGUHWLUHGE\WKHDGMDFHQWVWUHHWV
$OOWKHVHHYROXWLRQVDUHH[HFXWHGZLWKDQLQFRQFHLYDEOH
DGGUHVVDQGPDUYHOORXVUDSLGLW\ZLWKRXWWKHSROLFH
LQWHUIHULQJLQWKHPDWWHU7KHSHGHVWULDQVUDQJHGWKHPVHOYHV
DJDLQVWWKHZDOOVWKHQWKHWUDPSOLQJRIKRUVHVDQGWKH
FODVKLQJRIVWHHOZHUHKHDUG$GHWDFKPHQWRIFDUELQHHUV

458

ILIWHHQDEUHDVWJDOORSHGXSWKH&RUVRLQRUGHUWRFOHDULW
IRUWKHEDUEHUL:KHQWKHGHWDFKPHQWDUULYHGDWWKH3LD]]D
GL9HQH]LDDVHFRQGYROOH\RIILUHZRUNVZDVGLVFKDUJHGWR
DQQRXQFHWKDWWKHVWUHHWZDVFOHDU$OPRVWLQVWDQWO\LQWKH
PLGVWRIDWUHPHQGRXVDQGJHQHUDORXWFU\VHYHQRUHLJKW
KRUVHVH[FLWHGE\WKHVKRXWVRIWKUHHKXQGUHGWKRXVDQG
VSHFWDWRUVSDVVHGE\OLNHOLJKWQLQJ7KHQWKH&DVWOHRI
6DLQW$QJHORILUHGWKUHHFDQQRQWRLQGLFDWHWKDWQXPEHU
WKUHHKDGZRQ,PPHGLDWHO\ZLWKRXWDQ\RWKHUVLJQDOWKH
FDUULDJHVPRYHGRQIORZLQJRQWRZDUGVWKH&RUVRGRZQDOO
WKHVWUHHWVOLNHWRUUHQWVSHQWXSIRUDZKLOHZKLFKDJDLQ
IORZLQWRWKHSDUHQWULYHUDQGWKHLPPHQVHVWUHDPDJDLQ
FRQWLQXHGLWVFRXUVHEHWZHHQLWVWZRJUDQLWHEDQNV
$QHZVRXUFHRIQRLVHDQGPRYHPHQWZDVDGGHGWRWKHFURZG
7KHVHOOHUVRIPRFFROHWWLHQWHUHGRQWKHVFHQH7KHPRFFROL
RUPRFFROHWWLDUHFDQGOHVZKLFKYDU\LQVL]HIURPWKH
SDVFDOWDSHUWRWKHUXVKOLJKWDQGZKLFKJLYHWRHDFKDFWRU
LQWKHJUHDWILQDOVFHQHRIWKH&DUQLYDOWZRYHU\VHULRXV
SUREOHPVWRJUDSSOHZLWKILUVWKRZWRNHHSKLVRZQ
PRFFROHWWRDOLJKWDQGVHFRQGO\KRZWRH[WLQJXLVKWKH
PRFFROHWWLRIRWKHUV7KHPRFFROHWWRLVOLNHOLIHPDQKDV
IRXQGEXWRQHPHDQVRIWUDQVPLWWLQJLWDQGWKDWRQHFRPHV
IURP*RG%XWKHKDVGLVFRYHUHGDWKRXVDQGPHDQVRIWDNLQJ
LWDZD\DQGWKHGHYLOKDVVRPHZKDWDLGHGKLP7KH
PRFFROHWWRLVNLQGOHGE\DSSURDFKLQJLWWRDOLJKW%XWZKR
FDQGHVFULEHWKHWKRXVDQGPHDQVRIH[WLQJXLVKLQJWKH
PRFFROHWWR"WKHJLJDQWLFEHOORZVWKHPRQVWURXV
H[WLQJXLVKHUVWKHVXSHUKXPDQIDQV(YHU\RQHKDVWHQHGWR
SXUFKDVHPRFFROHWWL)UDQ]DQG$OEHUWDPRQJWKHUHVW
7KHQLJKWZDVUDSLGO\DSSURDFKLQJDQGDOUHDG\DWWKHFU\
RI0RFFROHWWLUHSHDWHGE\WKHVKULOOYRLFHVRIDWKRXVDQG
YHQGRUVWZRRUWKUHHVWDUVEHJDQWREXUQDPRQJWKHFURZG
,WZDVDVLJQDO$WWKHHQGRIWHQPLQXWHVILIW\WKRXVDQG
OLJKWVJOLWWHUHGGHVFHQGLQJIURPWKH3DOD]]RGL9HQH]LDWR
WKH3LD]]DGHO3RSRORDQGPRXQWLQJIURPWKH3LD]]RGHO
3RSRORWRWKH3DOD]]RGL9HQH]LD,WVHHPHGOLNHWKHIHWHRI
MDFNR
ODQWHUQV,WLVLPSRVVLEOHWRIRUPDQ\LGHDRILW
ZLWKRXWKDYLQJVHHQLW6XSSRVHWKDWDOOWKHVWDUVKDG
GHVFHQGHGIURPWKHVN\DQGPLQJOHGLQDZLOGGDQFHRQWKH
IDFHRIWKHHDUWKWKHZKROHDFFRPSDQLHGE\FULHVWKDWZHUH
QHYHUKHDUGLQDQ\RWKHUSDUWRIWKHZRUOG7KHIDFFKLQR
IROORZVWKHSULQFHWKH7UDQVWHYHULQWKHFLWL]HQHYHU\RQH

459

EORZLQJH[WLQJXLVKLQJUHOLJKWLQJ+DGROG$(ROXVDSSHDUHG
DWWKLVPRPHQWKHZRXOGKDYHEHHQSURFODLPHGNLQJRIWKH
PRFFROLDQG$TXLORWKHKHLUSUHVXPSWLYHWRWKHWKURQH7KLV
EDWWOHRIIROO\DQGIODPHFRQWLQXHGIRUWZRKRXUVWKH&RUVR
ZDVOLJKWDVGD\WKHIHDWXUHVRIWKHVSHFWDWRUVRQWKH
WKLUGDQGIRXUWKVWRULHVZHUHYLVLEOH(YHU\ILYHPLQXWHV
$OEHUWWRRNRXWKLVZDWFKDWOHQJWKLWSRLQWHGWRVHYHQ
7KHWZRIULHQGVZHUHLQWKH9LDGHL3RQWHILFL$OEHUWVSUDQJ
RXWEHDULQJKLVPRFFROHWWRLQKLVKDQG7ZRRUWKUHHPDVNV
VWURYHWRNQRFNKLVPRFFROHWWRRXWRIKLVKDQGEXW$OEHUW
DILUVWUDWHSXJLOLVWVHQWWKHPUROOLQJLQWKHVWUHHWRQH
DIWHUWKHRWKHUDQGFRQWLQXHGKLVFRXUVHWRZDUGVWKHFKXUFK
RI6DQ*LDFRPR7KHVWHSVZHUHFURZGHGZLWKPDVNVZKR
VWURYHWRVQDWFKHDFKRWKHU
VWRUFKHV)UDQ]IROORZHG$OEHUW
ZLWKKLVH\HVDQGVDZKLPPRXQWWKHILUVWVWHS,QVWDQWO\D
PDVNZHDULQJWKHZHOONQRZQFRVWXPHRIDSHDVDQWZRPDQ
VQDWFKHGKLVPRFFROHWWRIURPKLPZLWKRXWKLVRIIHULQJDQ\
UHVLVWDQFH)UDQ]ZDVWRRIDURIIWRKHDUZKDWWKH\VDLG
EXWZLWKRXWGRXEWQRWKLQJKRVWLOHSDVVHGIRUKHVDZ
$OEHUWGLVDSSHDUDUPLQDUPZLWKWKHSHDVDQWJLUO+H
ZDWFKHGWKHPSDVVWKURXJKWKHFURZGIRUVRPHWLPHEXWDW
OHQJWKKHORVWVLJKWRIWKHPLQWKH9LD0DFHOOR6XGGHQO\
WKHEHOOWKDWJLYHVWKHVLJQDOIRUWKHHQGRIWKHFDUQLYDO
VRXQGHGDQGDWWKHVDPHLQVWDQWDOOWKHPRFFROHWWLZHUH
H[WLQJXLVKHGDVLIE\HQFKDQWPHQW,WVHHPHGDVWKRXJKRQH
LPPHQVHEODVWRIWKHZLQGKDGH[WLQJXLVKHGHYHU\RQH)UDQ]
IRXQGKLPVHOILQXWWHUGDUNQHVV1RVRXQGZDVDXGLEOHVDYH
WKDWRIWKHFDUULDJHVWKDWZHUHFDUU\LQJWKHPDVNHUVKRPH
QRWKLQJZDVYLVLEOHVDYHDIHZOLJKWVWKDWEXUQWEHKLQGWKH
ZLQGRZV7KH&DUQLYDOZDVRYHU

&KDSWHU
7KH&DWDFRPEVRI6DLQW6HEDVWLDQ
,QKLVZKROHOLIHSHUKDSV)UDQ]KDGQHYHUEHIRUH
H[SHULHQFHGVRVXGGHQDQLPSUHVVLRQVRUDSLGDWUDQVLWLRQ
IURPJD\HW\WRVDGQHVVDVLQWKLVPRPHQW,WVHHPHGDV
WKRXJK5RPHXQGHUWKHPDJLFEUHDWKRIVRPHGHPRQRIWKH
QLJKWKDGVXGGHQO\FKDQJHGLQWRDYDVWWRPE%\DFKDQFH
ZKLFKDGGHG\HWPRUHWRWKHLQWHQVLW\RIWKHGDUNQHVVWKH
PRRQZKLFKZDVRQWKHZDQHGLGQRWULVHXQWLOHOHYHQ
R
FORFNDQGWKHVWUHHWVZKLFKWKH\RXQJPDQWUDYHUVHGZHUH

460

SOXQJHGLQWKHGHHSHVWREVFXULW\7KHGLVWDQFHZDVVKRUW
DQGDWWKHHQGRIWHQPLQXWHVKLVFDUULDJHRUUDWKHUWKH
FRXQW
VVWRSSHGEHIRUHWKH+RWHOGH/RQGUHV'LQQHUZDV
ZDLWLQJEXWDV$OEHUWKDGWROGKLPWKDWKHVKRXOGQRW
UHWXUQVRVRRQ)UDQ]VDWGRZQZLWKRXWKLP6LJQRU3DVWULQL
ZKRKDGEHHQDFFXVWRPHGWRVHHWKHPGLQHWRJHWKHULQTXLUHG
LQWRWKHFDXVHRIKLVDEVHQFHEXW)UDQ]PHUHO\UHSOLHGWKDW
$OEHUWKDGUHFHLYHGRQWKHSUHYLRXVHYHQLQJDQLQYLWDWLRQ
ZKLFKKHKDGDFFHSWHG7KHVXGGHQH[WLQFWLRQRIWKH
PRFFROHWWLWKHGDUNQHVVZKLFKKDGUHSODFHGWKHOLJKWDQG
WKHVLOHQFHZKLFKKDGVXFFHHGHGWKHWXUPRLOKDGOHIWLQ
)UDQ]
VPLQGDFHUWDLQGHSUHVVLRQZKLFKZDVQRWIUHHIURP
XQHDVLQHVV+HWKHUHIRUHGLQHGYHU\VLOHQWO\LQVSLWHRI
WKHRIILFLRXVDWWHQWLRQRIKLVKRVWZKRSUHVHQWHGKLPVHOI
WZRRUWKUHHWLPHVWRLQTXLUHLIKHZDQWHGDQ\WKLQJ
)UDQ]UHVROYHGWRZDLWIRU$OEHUWDVODWHDVSRVVLEOH+H
RUGHUHGWKHFDUULDJHWKHUHIRUHIRUHOHYHQR
FORFN
GHVLULQJ6LJQRU3DVWULQLWRLQIRUPKLPWKHPRPHQWWKDW
$OEHUWUHWXUQHGWRWKHKRWHO$WHOHYHQR
FORFN$OEHUWKDG
QRWFRPHEDFN)UDQ]GUHVVHGKLPVHOIDQGZHQWRXWWHOOLQJ
KLVKRVWWKDWKHZDVJRLQJWRSDVVWKHQLJKWDWWKH'XNHRI
%UDFFLDQR
V7KHKRXVHRIWKH'XNHRI%UDFFLDQRLVRQHRI
WKHPRVWGHOLJKWIXOLQ5RPHWKHGXFKHVVRQHRIWKHODVW
KHLUHVVHVRIWKH&RORQQDVGRHVLWVKRQRUVZLWKWKHPRVW
FRQVXPPDWHJUDFHDQGWKXVWKHLUIHWHVKDYHD(XURSHDQ
FHOHEULW\)UDQ]DQG$OEHUWKDGEURXJKWWR5RPHOHWWHUVRI
LQWURGXFWLRQWRWKHPDQGWKHLUILUVWTXHVWLRQRQKLV
DUULYDOZDVWRLQTXLUHWKHZKHUHDERXWVRIKLVWUDYHOOLQJ
FRPSDQLRQ)UDQ]UHSOLHGWKDWKHKDGOHIWKLPDWWKHPRPHQW
WKH\ZHUHDERXWWRH[WLQJXLVKWKHPRFFROLDQGWKDWKHKDG
ORVWVLJKWRIKLPLQWKH9LD0DFHOOR7KHQKHKDVQRW
UHWXUQHG"VDLGWKHGXNH
,ZDLWHGIRUKLPXQWLOWKLVKRXUUHSOLHG)UDQ]
$QGGR\RXNQRZZKLWKHUKHZHQW"
1RQRWSUHFLVHO\KRZHYHU,WKLQNLWZDVVRPHWKLQJYHU\
OLNHDUHQGH]YRXV
'LDYRORVDLGWKHGXNHWKLVLVDEDGGD\RUUDWKHUD
EDGQLJKWWREHRXWODWHLVLWQRWFRXQWHVV7KHVHZRUGV
ZHUHDGGUHVVHGWRWKH&RXQWHVV*ZKRKDGMXVW

461

DUULYHGDQGZDVOHDQLQJRQWKHDUPRI6LJQRU7RUORQLDWKH
GXNH
VEURWKHU
,WKLQNRQWKHFRQWUDU\WKDWLWLVDFKDUPLQJQLJKW
UHSOLHGWKHFRXQWHVVDQGWKRVHZKRDUHKHUHZLOOFRPSODLQ
RIEXWRQHWKLQJLWVWRRUDSLGIOLJKW
,DPQRWVSHDNLQJVDLGWKHGXNHZLWKDVPLOHRIWKH
SHUVRQVZKRDUHKHUHWKHPHQUXQQRRWKHUGDQJHUWKDQWKDW
RIIDOOLQJLQORYHZLWK\RXDQGWKHZRPHQRIIDOOLQJLOORI
MHDORXV\DWVHHLQJ\RXVRORYHO\,PHDQWSHUVRQVZKRZHUH
RXWLQWKHVWUHHWVRI5RPH
$KDVNHGWKHFRXQWHVVZKRLVRXWLQWKHVWUHHWVRI5RPH
DWWKLVKRXUXQOHVVLWEHWRJRWRDEDOO"
2XUIULHQG$OEHUWGH0RUFHUIFRXQWHVVZKRP,OHIWLQ
SXUVXLWRIKLVXQNQRZQDERXWVHYHQR
FORFNWKLVHYHQLQJ
VDLG)UDQ]DQGZKRP,KDYHQRWVHHQVLQFH
$QGGRQ
W\RXNQRZZKHUHKHLV"
1RWDWDOO
,VKHDUPHG"
+HLVLQPDVTXHUDGH
<RXVKRXOGQRWKDYHDOORZHGKLPWRJRVDLGWKHGXNHWR
)UDQ]\RXZKRNQRZ5RPHEHWWHUWKDQKHGRHV
<RXPLJKWDVZHOOKDYHWULHGWRVWRSQXPEHUWKUHHRIWKH
EDUEHULZKRJDLQHGWKHSUL]HLQWKHUDFHWRGD\UHSOLHG
)UDQ]DQGWKHQPRUHRYHUZKDWFRXOGKDSSHQWRKLP"
:KRFDQWHOO"7KHQLJKWLVJORRP\DQGWKH7LEHULVYHU\
QHDUWKH9LD0DFHOOR)UDQ]IHOWDVKXGGHUUXQWKURXJKKLV
YHLQVDWREVHUYLQJWKDWWKHIHHOLQJRIWKHGXNHDQGWKH
FRXQWHVVZDVVRPXFKLQXQLVRQZLWKKLVRZQSHUVRQDO
GLVTXLHWXGH,LQIRUPHGWKHPDWWKHKRWHOWKDW,KDGWKH
KRQRURISDVVLQJWKHQLJKWKHUHGXNHVDLG)UDQ]DQG
GHVLUHGWKHPWRFRPHDQGLQIRUPPHRIKLVUHWXUQ
$KUHSOLHGWKHGXNHKHUH,WKLQNLVRQHRIP\VHUYDQWV

462

ZKRLVVHHNLQJ\RX
7KHGXNHZDVQRWPLVWDNHQZKHQKHVDZ)UDQ]WKHVHUYDQW
FDPHXSWRKLP<RXUH[FHOOHQF\KHVDLGWKHPDVWHURI
WKH+RWHOGH/RQGUHVKDVVHQWWROHW\RXNQRZWKDWDPDQLV
ZDLWLQJIRU\RXZLWKDOHWWHUIURPWKH9LVFRXQWRI0RUFHUI
$OHWWHUIURPWKHYLVFRXQWH[FODLPHG)UDQ]
<HV
$QGZKRLVWKHPDQ"
,GRQRWNQRZ
:K\GLGKHQRWEULQJLWWRPHKHUH"
7KHPHVVHQJHUGLGQRWVD\
$QGZKHUHLVWKHPHVVHQJHU"
+HZHQWDZD\GLUHFWO\KHVDZPHHQWHUWKHEDOOURRPWRILQG
\RX
2KVDLGWKHFRXQWHVVWR)UDQ]JRZLWKDOOVSHHGSRRU
\RXQJPDQ3HUKDSVVRPHDFFLGHQWKDVKDSSHQHGWRKLP
,ZLOOKDVWHQUHSOLHG)UDQ]
6KDOOZHVHH\RXDJDLQWRJLYHXVDQ\LQIRUPDWLRQ"
LQTXLUHGWKHFRXQWHVV
<HVLILWLVQRWDQ\VHULRXVDIIDLURWKHUZLVH,FDQQRW
DQVZHUDVWRZKDW,PD\GRP\VHOI
%HSUXGHQWLQDQ\HYHQWVDLGWKHFRXQWHVV
2KSUD\EHDVVXUHGRIWKDW)UDQ]WRRNKLVKDWDQGZHQW
DZD\LQKDVWH+HKDGVHQWDZD\KLVFDUULDJHZLWKRUGHUVIRU
LWWRIHWFKKLPDWWZRR
FORFNIRUWXQDWHO\WKH3DOD]]R
%UDFFLDQRZKLFKLVRQRQHVLGHLQWKH&RUVRDQGRQWKH
RWKHULQWKH6TXDUHRIWKH+RO\$SRVWOHVLVKDUGO\WHQ
PLQXWHV
ZDONIURPWKH+RWHOGH/RQGUHV$VKHFDPHQHDUWKH
KRWHO)UDQ]VDZDPDQLQWKHPLGGOHRIWKHVWUHHW+HKDG

463

QRGRXEWWKDWLWZDVWKHPHVVHQJHUIURP$OEHUW7KHPDQZDV
ZUDSSHGXSLQDODUJHFORDN+HZHQWXSWRKLPEXWWRKLV
H[WUHPHDVWRQLVKPHQWWKHVWUDQJHUILUVWDGGUHVVHGKLP
:KDWZDQWV\RXUH[FHOOHQF\RIPH"LQTXLUHGWKHPDQ
UHWUHDWLQJDVWHSRUWZRDVLIWRNHHSRQKLVJXDUG
$UHQRW\RXWKHSHUVRQZKREURXJKWPHDOHWWHULQTXLUHG
)UDQ]IURPWKH9LVFRXQWRI0RUFHUI"
<RXUH[FHOOHQF\ORGJHVDW3DVWULQL
VKRWHO"
,GR
<RXUH[FHOOHQF\LVWKHWUDYHOOLQJFRPSDQLRQRIWKH
YLVFRXQW"
,DP
<RXUH[FHOOHQF\
VQDPH
,VWKH%DURQ)UDQ]G
(SLQD\
7KHQLWLVWR\RXUH[FHOOHQF\WKDWWKLVOHWWHULV
DGGUHVVHG
,VWKHUHDQ\DQVZHU"LQTXLUHG)UDQ]WDNLQJWKHOHWWHU
IURPKLP
<HV\RXUIULHQGDWOHDVWKRSHVVR
&RPHXSVWDLUVZLWKPHDQG,ZLOOJLYHLWWR\RX
,SUHIHUZDLWLQJKHUHVDLGWKHPHVVHQJHUZLWKDVPLOH
$QGZK\"
<RXUH[FHOOHQF\ZLOONQRZZKHQ\RXKDYHUHDGWKHOHWWHU
6KDOO,ILQG\RXKHUHWKHQ"
&HUWDLQO\
)UDQ]HQWHUHGWKHKRWHO2QWKHVWDLUFDVHKHPHW6LJQRU
3DVWULQL:HOO"VDLGWKHODQGORUG

464

:HOOZKDW"UHVSRQGHG)UDQ]
<RXKDYHVHHQWKHPDQZKRGHVLUHGWRVSHDNZLWK\RXIURP
\RXUIULHQG"KHDVNHGRI)UDQ]
<HV,KDYHVHHQKLPKHUHSOLHGDQGKHKDVKDQGHGWKLV
OHWWHUWRPH/LJKWWKHFDQGOHVLQP\DSDUWPHQWLI\RX
SOHDVH7KHLQQNHHSHUJDYHRUGHUVWRDVHUYDQWWRJR
EHIRUH)UDQ]ZLWKDOLJKW7KH\RXQJPDQKDGIRXQG6LJQRU
3DVWULQLORRNLQJYHU\PXFKDODUPHGDQGWKLVKDGRQO\PDGH
KLPWKHPRUHDQ[LRXVWRUHDG$OEHUW
VOHWWHUDQGVRKHZHQW
LQVWDQWO\WRZDUGVWKHZD[OLJKWDQGXQIROGHGLW,WZDV
ZULWWHQDQGVLJQHGE\$OEHUW)UDQ]UHDGLWWZLFHEHIRUHKH
FRXOGFRPSUHKHQGZKDWLWFRQWDLQHG,WZDVWKXVZRUGHG
0\'HDU)HOORZ7KHPRPHQW\RXKDYHUHFHLYHGWKLVKDYH
WKHNLQGQHVVWRWDNHWKHOHWWHURIFUHGLWIURPP\
SRFNHWERRNZKLFK\RXZLOOILQGLQWKHVTXDUHGUDZHURIWKH
VHFUHWDU\DGG\RXURZQWRLWLILWEHQRWVXIILFLHQW5XQ
WR7RUORQLDGUDZIURPKLPLQVWDQWO\IRXUWKRXVDQGSLDVWUHV
DQGJLYHWKHPWRWKHEHDUHU,WLVXUJHQWWKDW,VKRXOGKDYH
WKLVPRQH\ZLWKRXWGHOD\,GRQRWVD\PRUHUHO\LQJRQ\RX
DV\RXPD\UHO\RQPH<RXUIULHQG
$OEHUWGH0RUFHUI
36,QRZEHOLHYHLQ,WDOLDQEDQGLWWL
%HORZWKHVHOLQHVZHUHZULWWHQLQDVWUDQJHKDQGWKH
IROORZLQJLQ,WDOLDQ
6HDOOHVHLGHOODPDWWLQDOHTXDWWURPLOHSLDVWUHQRQVRQR
QHOOHPLHPDQLDOODVHWWHLOFRQWH$OEHUWRDYUDFHVVDWRGL
YLYHUH
/XLJL9DPSD
,IE\VL[LQWKHPRUQLQJWKHIRXUWKRXVDQGSLDVWUHVDUHQRW
LQP\KDQGVE\VHYHQR
FORFNWKH&RXQW$OEHUWZLOOKDYH
FHDVHGWROLYH
7KLVVHFRQGVLJQDWXUHH[SODLQHGHYHU\WKLQJWR)UDQ]ZKRQRZ
XQGHUVWRRGWKHREMHFWLRQRIWKHPHVVHQJHUWRFRPLQJXSLQWR

465

WKHDSDUWPHQWWKHVWUHHWZDVVDIHUIRUKLP$OEHUWWKHQ
KDGIDOOHQLQWRWKHKDQGVRIWKHIDPRXVEDQGLWFKLHILQ
ZKRVHH[LVWHQFHKHKDGIRUVRORQJDWLPHUHIXVHGWR
EHOLHYH7KHUHZDVQRWLPHWRORVH+HKDVWHQHGWRRSHQWKH
VHFUHWDU\DQGIRXQGWKHSRFNHWERRNLQWKHGUDZHUDQGLQ
LWWKHOHWWHURIFUHGLW7KHUHZHUHLQDOOVL[WKRXVDQG
SLDVWUHVEXWRIWKHVHVL[WKRXVDQG$OEHUWKDGDOUHDG\
H[SHQGHGWKUHHWKRXVDQG$VWR)UDQ]KHKDGQROHWWHURI
FUHGLWDVKHOLYHGDW)ORUHQFHDQGKDGRQO\FRPHWR5RPH
WRSDVVVHYHQRUHLJKWGD\VKHKDGEURXJKWEXWDKXQGUHG
ORXLVDQGRIWKHVHKHKDGQRWPRUHWKDQILIW\OHIW7KXV
VHYHQRUHLJKWKXQGUHGSLDVWUHVZHUHZDQWLQJWRWKHPERWKWR
PDNHXSWKHVXPWKDW$OEHUWUHTXLUHG7UXHKHPLJKWLQVXFK
DFDVHUHO\RQWKHNLQGQHVVRI6LJQRU7RUORQLD+HZDV
WKHUHIRUHDERXWWRUHWXUQWRWKH3DOD]]R%UDFFLDQRZLWKRXW
ORVVRIWLPHZKHQVXGGHQO\DOXPLQRXVLGHDFURVVHGKLV
PLQG+HUHPHPEHUHGWKH&RXQWRI0RQWH&ULVWR)UDQ]ZDV
DERXWWRULQJIRU6LJQRU3DVWULQLZKHQWKDWZRUWK\
SUHVHQWHGKLPVHOI0\GHDUVLUKHVDLGKDVWLO\GR\RX
NQRZLIWKHFRXQWLVZLWKLQ"
<HV\RXUH[FHOOHQF\KHKDVWKLVPRPHQWUHWXUQHG
,VKHLQEHG"
,VKRXOGVD\QR
7KHQULQJDWKLVGRRULI\RXSOHDVHDQGUHTXHVWKLPWREH
VRNLQGDVWRJLYHPHDQDXGLHQFH6LJQRU3DVWULQLGLGDV
KHZDVGHVLUHGDQGUHWXUQLQJILYHPLQXWHVDIWHUKHVDLG
7KHFRXQWDZDLWV\RXUH[FHOOHQF\)UDQ]ZHQWDORQJWKH
FRUULGRUDQGDVHUYDQWLQWURGXFHGKLPWRWKHFRXQW+HZDV
LQDVPDOOURRPZKLFK)UDQ]KDGQRW\HWVHHQDQGZKLFKZDV
VXUURXQGHGZLWKGLYDQV7KHFRXQWFDPHWRZDUGVKLP:HOO
ZKDWJRRGZLQGEORZV\RXKLWKHUDWWKLVKRXU"VDLGKH
KDYH\RXFRPHWRVXSZLWKPH",WZRXOGEHYHU\NLQGRI
\RX
1R,KDYHFRPHWRVSHDNWR\RXRIDYHU\VHULRXVPDWWHU
$VHULRXVPDWWHUVDLGWKHFRXQWORRNLQJDW)UDQ]ZLWK
WKHHDUQHVWQHVVXVXDOWRKLPDQGZKDWPD\LWEH"
$UHZHDORQH"

466

<HVUHSOLHGWKHFRXQWJRLQJWRWKHGRRUDQGUHWXUQLQJ
)UDQ]JDYHKLP$OEHUW
VOHWWHU5HDGWKDWKHVDLG7KH
FRXQWUHDGLW
:HOOZHOOVDLGKH
'LG\RXVHHWKHSRVWVFULSW"
,GLGLQGHHG
C6HDOOHVHLGHOODPDWWLQDOHTXDWWURPLOHSLDVWUHQRQVRQR
QHOOHPLHPDQLDOODVHWWHLOFRQWH$OEHUWRDYUDFHVVDWRGL
YLYHUH
C/XLJL9DPSD

:KDWWKLQN\RXRIWKDW"LQTXLUHG)UDQ]
+DYH\RXWKHPRQH\KHGHPDQGV"
<HVDOOEXWHLJKWKXQGUHGSLDVWUHV7KHFRXQWZHQWWRKLV
VHFUHWDU\RSHQHGLWDQGSXOOLQJRXWDGUDZHUILOOHGZLWK
JROGVDLGWR)UDQ],KRSH\RXZLOOQRWRIIHQGPHE\
DSSO\LQJWRDQ\RQHEXWP\VHOI
<RXVHHRQWKHFRQWUDU\,FRPHWR\RXILUVWDQG
LQVWDQWO\UHSOLHG)UDQ]
$QG,WKDQN\RXKDYHZKDW\RXZLOODQGKHPDGHDVLJQWR
)UDQ]WRWDNHZKDWKHSOHDVHG
,VLWDEVROXWHO\QHFHVVDU\WKHQWRVHQGWKHPRQH\WR
/XLJL9DPSD"DVNHGWKH\RXQJPDQORRNLQJIL[HGO\LQKLV
WXUQDWWKHFRXQW
-XGJHIRU\RXUVHOIUHSOLHGKH7KHSRVWVFULSWLV
H[SOLFLW
,WKLQNWKDWLI\RXZRXOGWDNHWKHWURXEOHRIUHIOHFWLQJ
\RXFRXOGILQGDZD\RIVLPSOLI\LQJWKHQHJRWLDWLRQVDLG
)UDQ]
+RZVR"UHWXUQHGWKHFRXQWZLWKVXUSULVH

467

,IZHZHUHWRJRWRJHWKHUWR/XLJL9DPSD,DPVXUHKH
ZRXOGQRWUHIXVH\RX$OEHUW
VIUHHGRP
:KDWLQIOXHQFHFDQ,SRVVLEO\KDYHRYHUDEDQGLW"
+DYH\RXQRWMXVWUHQGHUHGKLPDVHUYLFHWKDWFDQQHYHUEH
IRUJRWWHQ"
:KDWLVWKDW"
+DYH\RXQRWVDYHG3HSSLQR
VOLIH"
:HOOZHOOVDLGWKHFRXQWZKRWROG\RXWKDW"
1RPDWWHU,NQRZLW7KHFRXQWNQLWKLVEURZVDQG
UHPDLQHGVLOHQWDQLQVWDQW$QGLI,ZHQWWRVHHN9DPSD
ZRXOG\RXDFFRPSDQ\PH"
,IP\VRFLHW\ZRXOGQRWEHGLVDJUHHDEOH
%HLWVR,WLVDORYHO\QLJKWDQGDZDONZLWKRXW5RPH
ZLOOGRXVERWKJRRG
6KDOO,WDNHDQ\DUPV"
)RUZKDWSXUSRVH"
$Q\PRQH\"
,WLVXVHOHVV:KHUHLVWKHPDQZKREURXJKWWKHOHWWHU"
,QWKHVWUHHW
+HDZDLWVWKHDQVZHU"
<HV
,PXVWOHDUQZKHUHZHDUHJRLQJ,ZLOOVXPPRQKLPKLWKHU
,WLVXVHOHVVKHZRXOGQRWFRPHXS
7R\RXUDSDUWPHQWVSHUKDSVEXWKHZLOOQRWPDNHDQ\
GLIILFXOW\DWHQWHULQJPLQH7KHFRXQWZHQWWRWKHZLQGRZ

468

RIWKHDSDUWPHQWWKDWORRNHGRQWRWKHVWUHHWDQGZKLVWOHG
LQDSHFXOLDUPDQQHU7KHPDQLQWKHPDQWOHTXLWWHGWKH
ZDOODQGDGYDQFHGLQWRWKHPLGGOHRIWKHVWUHHW6DOLWH
VDLGWKHFRXQWLQWKHVDPHWRQHLQZKLFKKHZRXOGKDYH
JLYHQDQRUGHUWRKLVVHUYDQW7KHPHVVHQJHUREH\HGZLWKRXW
WKHOHDVWKHVLWDWLRQEXWUDWKHUZLWKDODFULW\DQG
PRXQWLQJWKHVWHSVDWDERXQGHQWHUHGWKHKRWHOILYH
VHFRQGVDIWHUZDUGVKHZDVDWWKHGRRURIWKHURRP$KLW
LV\RX3HSSLQRVDLGWKHFRXQW%XW3HSSLQRLQVWHDGRI
DQVZHULQJWKUHZKLPVHOIRQKLVNQHHVVHL]HGWKHFRXQW
V
KDQGDQGFRYHUHGLWZLWKNLVVHV$KVDLGWKHFRXQW\RX
KDYHWKHQQRWIRUJRWWHQWKDW,VDYHG\RXUOLIHWKDWLV
VWUDQJHIRULWLVDZHHNDJR
1RH[FHOOHQF\DQGQHYHUVKDOO,IRUJHWLWUHWXUQHG
3HSSLQRZLWKDQDFFHQWRISURIRXQGJUDWLWXGH
1HYHU"7KDWLVDORQJWLPHEXWLWLVVRPHWKLQJWKDW\RX
EHOLHYHVR5LVHDQGDQVZHU3HSSLQRJODQFHGDQ[LRXVO\DW
)UDQ]2K\RXPD\VSHDNEHIRUHKLVH[FHOOHQF\VDLGKH
KHLVRQHRIP\IULHQGV<RXDOORZPHWRJLYH\RXWKLV
WLWOH"FRQWLQXHGWKHFRXQWLQ)UHQFKLWLVQHFHVVDU\WR
H[FLWHWKLVPDQ
VFRQILGHQFH
<RXFDQVSHDNEHIRUHPHVDLG)UDQ],DPDIULHQGRIWKH
FRXQW
V
*RRGUHWXUQHG3HSSLQR,DPUHDG\WRDQVZHUDQ\
TXHVWLRQV\RXUH[FHOOHQF\PD\DGGUHVVWRPH
+RZGLGWKH9LVFRXQW$OEHUWIDOOLQWR/XLJL
VKDQGV"
([FHOOHQF\WKH)UHQFKPDQ
VFDUULDJHSDVVHGVHYHUDOWLPHV
WKHRQHLQZKLFKZDV7HUHVD
7KHFKLHI
VPLVWUHVV"
<HV7KH)UHQFKPDQWKUHZKHUDERXTXHW7HUHVDUHWXUQHGLW
DOOWKLVZLWKWKHFRQVHQWRIWKHFKLHIZKRZDVLQWKH
FDUULDJH
:KDW"FULHG)UDQ]ZDV/XLJL9DPSDLQWKHFDUULDJHZLWK
WKH5RPDQSHDVDQWV"

469

,WZDVKHZKRGURYHGLVJXLVHGDVWKHFRDFKPDQUHSOLHG
3HSSLQR
:HOO"VDLGWKHFRXQW
:HOOWKHQWKH)UHQFKPDQWRRNRIIKLVPDVN7HUHVDZLWK
WKHFKLHI
VFRQVHQWGLGWKHVDPH7KH)UHQFKPDQDVNHGIRUD
UHQGH]YRXV7HUHVDJDYHKLPRQHRQO\LQVWHDGRI7HUHVD
LWZDV%HSSRZKRZDVRQWKHVWHSVRIWKHFKXUFKRI6DQ
*LDFRPR
:KDWH[FODLPHG)UDQ]WKHSHDVDQWJLUOZKRVQDWFKHGKLV
PRFROHWWRIURPKLP
:DVDODGRIILIWHHQUHSOLHG3HSSLQR%XWLWZDVQR
GLVJUDFHWR\RXUIULHQGWRKDYHEHHQGHFHLYHG%HSSRKDV
WDNHQLQSOHQW\RIRWKHUV
$QG%HSSROHGKLPRXWVLGHWKHZDOOV"VDLGWKHFRXQW
([DFWO\VRDFDUULDJHZDVZDLWLQJDWWKHHQGRIWKH9LD
0DFHOOR%HSSRJRWLQLQYLWLQJWKH)UHQFKPDQWRIROORZKLP
DQGKHGLGQRWZDLWWREHDVNHGWZLFH+HJDOODQWO\RIIHUHG
WKHULJKWKDQGVHDWWR%HSSRDQGVDWE\KLP%HSSRWROGKLP
KHZDVJRLQJWRWDNHKLPWRDYLOODDOHDJXHIURP5RPHWKH
)UHQFKPDQDVVXUHGKLPKHZRXOGIROORZKLPWRWKHHQGRIWKH
ZRUOG7KHFRDFKPDQZHQWXSWKH9LDGL5LSHWWDDQGWKH3RUWD
6DQ3DRODDQGZKHQWKH\ZHUHWZRKXQGUHG\DUGVRXWVLGHDV
WKH)UHQFKPDQEHFDPHVRPHZKDWWRRIRUZDUG%HSSRSXWDEUDFH
RISLVWROVWRKLVKHDGWKHFRDFKPDQSXOOHGXSDQGGLGWKH
VDPH$WWKHVDPHWLPHIRXURIWKHEDQGZKRZHUHFRQFHDOHG
RQWKHEDQNVRIWKH$OPRVXUURXQGHGWKHFDUULDJH7KH
)UHQFKPDQPDGHVRPHUHVLVWDQFHDQGQHDUO\VWUDQJOHG%HSSR
EXWKHFRXOGQRWUHVLVWILYHDUPHGPHQDQGZDVIRUFHGWR
\LHOG7KH\PDGHKLPJHWRXWZDONDORQJWKHEDQNVRIWKH
ULYHUDQGWKHQEURXJKWKLPWR7HUHVDDQG/XLJLZKRZHUH
ZDLWLQJIRUKLPLQWKHFDWDFRPEVRI6W6HEDVWLDQ
:HOOVDLGWKHFRXQWWXUQLQJWRZDUGV)UDQ]LWVHHPVWR
PHWKDWWKLVLVDYHU\OLNHO\VWRU\:KDWGR\RXVD\WRLW"
:K\WKDW,VKRXOGWKLQNLWYHU\DPXVLQJUHSOLHG)UDQ]
LILWKDGKDSSHQHGWRDQ\RQHEXWSRRU$OEHUW

470

$QGLQWUXWKLI\RXKDGQRWIRXQGPHKHUHVDLGWKH
FRXQWLWPLJKWKDYHSURYHGDJDOODQWDGYHQWXUHZKLFKZRXOG
KDYHFRVW\RXUIULHQGGHDUEXWQRZEHDVVXUHGKLVDODUP
ZLOOEHWKHRQO\VHULRXVFRQVHTXHQFH
$QGVKDOOZHJRDQGILQGKLP"LQTXLUHG)UDQ]
2KGHFLGHGO\VLU+HLVLQDYHU\SLFWXUHVTXHSODFHGR
\RXNQRZWKHFDWDFRPEVRI6W6HEDVWLDQ"
,ZDVQHYHULQWKHPEXW,KDYHRIWHQUHVROYHGWRYLVLW
WKHP
:HOOKHUHLVDQRSSRUWXQLW\PDGHWR\RXUKDQGDQGLW
ZRXOGEHGLIILFXOWWRFRQWULYHDEHWWHU+DYH\RXD
FDUULDJH"
1R
7KDWLVRIQRFRQVHTXHQFH,DOZD\VKDYHRQHUHDG\GD\DQG
QLJKW
$OZD\VUHDG\"
<HV,DPDYHU\FDSULFLRXVEHLQJDQG,VKRXOGWHOO\RX
WKDWVRPHWLPHVZKHQ,ULVHRUDIWHUP\GLQQHURULQWKH
PLGGOHRIWKHQLJKW,UHVROYHRQVWDUWLQJIRUVRPH
SDUWLFXODUSRLQWDQGDZD\,JR7KHFRXQWUDQJDQGD
IRRWPDQDSSHDUHG2UGHURXWWKHFDUULDJHKHVDLGDQG
UHPRYHWKHSLVWROVZKLFKDUHLQWKHKROVWHUV<RXQHHGQRW
DZDNHQWKHFRDFKPDQ$OLZLOOGULYH,QDYHU\VKRUWWLPH
WKHQRLVHRIZKHHOVZDVKHDUGDQGWKHFDUULDJHVWRSSHGDW
WKHGRRU7KHFRXQWWRRNRXWKLVZDWFK+DOISDVWWZHOYH
KHVDLG:HPLJKWVWDUWDWILYHR
FORFNDQGEHLQWLPHEXW
WKHGHOD\PD\FDXVH\RXUIULHQGWRSDVVDQXQHDV\QLJKWDQG
WKHUHIRUHZHKDGEHWWHUJRZLWKDOOVSHHGWRH[WULFDWHKLP
IURPWKHKDQGVRIWKHLQILGHOV$UH\RXVWLOOUHVROYHGWR
DFFRPSDQ\PH"
0RUHGHWHUPLQHGWKDQHYHU
:HOOWKHQFRPHDORQJ
)UDQ]DQGWKHFRXQWZHQWGRZQVWDLUVDFFRPSDQLHGE\3HSSLQR

471

$WWKHGRRUWKH\IRXQGWKHFDUULDJH$OLZDVRQWKHER[LQ
ZKRP)UDQ]UHFRJQL]HGWKHGXPEVODYHRIWKHJURWWRRI0RQWH
&ULVWR)UDQ]DQGWKHFRXQWJRWLQWRWKHFDUULDJH3HSSLQR
SODFHGKLPVHOIEHVLGH$OLDQGWKH\VHWRIIDWDUDSLGSDFH
$OLKDGUHFHLYHGKLVLQVWUXFWLRQVDQGZHQWGRZQWKH&RUVR
FURVVHGWKH&DPSR9DFFLQRZHQWXSWKH6WUDGD6DQ*UHJRULR
DQGUHDFKHGWKHJDWHVRI6W6HEDVWLDQ7KHQWKHSRUWHU
UDLVHGVRPHGLIILFXOWLHVEXWWKH&RXQWRI0RQWH&ULVWR
SURGXFHGDSHUPLWIURPWKHJRYHUQRURI5RPHDOORZLQJKLPWR
OHDYHRUHQWHUWKHFLW\DWDQ\KRXURIWKHGD\RUQLJKWWKH
SRUWFXOOLVZDVWKHUHIRUHUDLVHGWKHSRUWHUKDGDORXLVIRU
KLVWURXEOHDQGWKH\ZHQWRQWKHLUZD\7KHURDGZKLFKWKH
FDUULDJHQRZWUDYHUVHGZDVWKHDQFLHQW$SSLDQ:D\DQG
ERUGHUHGZLWKWRPEV)URPWLPHWRWLPHE\WKHOLJKWRIWKH
PRRQZKLFKEHJDQWRULVH)UDQ]LPDJLQHGWKDWKHVDZ
VRPHWKLQJOLNHDVHQWLQHODSSHDUDWYDULRXVSRLQWVDPRQJWKH
UXLQVDQGVXGGHQO\UHWUHDWLQWRWKHGDUNQHVVRQDVLJQDO
IURP3HSSLQR$VKRUWWLPHEHIRUHWKH\UHDFKHGWKH%DWKVRI
&DUDFDOODWKHFDUULDJHVWRSSHG3HSSLQRRSHQHGWKHGRRUDQG
WKHFRXQWDQG)UDQ]DOLJKWHG
,QWHQPLQXWHVVDLGWKHFRXQWWRKLVFRPSDQLRQZHVKDOO
EHWKHUH
+HWKHQWRRN3HSSLQRDVLGHJDYHKLPDQRUGHULQDORZ
YRLFHDQG3HSSLQRZHQWDZD\WDNLQJZLWKKLPDWRUFK
EURXJKWZLWKWKHPLQWKHFDUULDJH)LYHPLQXWHVHODSVHG
GXULQJZKLFK)UDQ]VDZWKHVKHSKHUGJRLQJDORQJDQDUURZ
SDWKWKDWOHGRYHUWKHLUUHJXODUDQGEURNHQVXUIDFHRIWKH
&DPSDJQDDQGILQDOO\KHGLVDSSHDUHGLQWKHPLGVWRIWKH
WDOOUHGKHUEDJHZKLFKVHHPHGOLNHWKHEULVWOLQJPDQHRIDQ
HQRUPRXVOLRQ1RZVDLGWKHFRXQWOHWXVIROORZKLP
)UDQ]DQGWKHFRXQWLQWKHLUWXUQWKHQDGYDQFHGDORQJWKH
VDPHSDWKZKLFKDWWKHGLVWDQFHRIDKXQGUHGSDFHVOHG
WKHPRYHUDGHFOLYLW\WRWKHERWWRPRIDVPDOOYDOOH\7KH\
WKHQSHUFHLYHGWZRPHQFRQYHUVLQJLQWKHREVFXULW\2XJKW
ZHWRJRRQ"DVNHG)UDQ]RIWKHFRXQWRUVKDOOZHZDLW
DZKLOH"
/HWXVJRRQ3HSSLQRZLOOKDYHZDUQHGWKHVHQWU\RIRXU
FRPLQJ2QHRIWKHWZRPHQZDV3HSSLQRDQGWKHRWKHUD
EDQGLWRQWKHORRNRXW)UDQ]DQGWKHFRXQWDGYDQFHGDQGWKH
EDQGLWVDOXWHGWKHP<RXUH[FHOOHQF\VDLG3HSSLQR
DGGUHVVLQJWKHFRXQWLI\RXZLOOIROORZPHWKHRSHQLQJRI

472

WKHFDWDFRPEVLVFORVHDWKDQG
*RRQWKHQUHSOLHGWKHFRXQW7KH\FDPHWRDQRSHQLQJ
EHKLQGDFOXPSRIEXVKHVDQGLQWKHPLGVWRIDSLOHRI
URFNVE\ZKLFKDPDQFRXOGVFDUFHO\SDVV3HSSLQRJOLGHG
ILUVWLQWRWKLVFUHYLFHDIWHUWKH\JRWDORQJDIHZSDFHV
WKHSDVVDJHZLGHQHG3HSSLQRSDVVHGOLJKWHGKLVWRUFKDQG
WXUQHGWRVHHLIWKH\FDPHDIWHUKLP7KHFRXQWILUVW
UHDFKHGDQRSHQVSDFHDQG)UDQ]IROORZHGKLPFORVHO\7KH
SDVVDJHZD\VORSHGLQDJHQWOHGHVFHQWHQODUJLQJDVWKH\
SURFHHGHGVWLOO)UDQ]DQGWKHFRXQWZHUHFRPSHOOHGWR
DGYDQFHLQDVWRRSLQJSRVWXUHDQGZHUHVFDUFHO\DEOHWR
SURFHHGDEUHDVWRIRQHDQRWKHU7KH\ZHQWRQDKXQGUHGDQG
ILIW\SDFHVLQWKLVZD\DQGWKHQZHUHVWRSSHGE\:KR
FRPHVWKHUH"$WWKHVDPHWLPHWKH\VDZWKHUHIOHFWLRQRID
WRUFKRQDFDUELQHEDUUHO
$IULHQGUHVSRQGHG3HSSLQRDQGDGYDQFLQJDORQHWRZDUGV
WKHVHQWU\KHVDLGDIHZZRUGVWRKLPLQDORZWRQHDQG
WKHQKHOLNHWKHILUVWVDOXWHGWKHQRFWXUQDOYLVLWRUV
PDNLQJDVLJQWKDWWKH\PLJKWSURFHHG
%HKLQGWKHVHQWLQHOZDVDVWDLUFDVHZLWKWZHQW\VWHSV)UDQ]
DQGWKHFRXQWGHVFHQGHGWKHVHDQGIRXQGWKHPVHOYHVLQD
PRUWXDU\FKDPEHU)LYHFRUULGRUVGLYHUJHGOLNHWKHUD\VRID
VWDUDQGWKHZDOOVGXJLQWRQLFKHVZKLFKZHUHDUUDQJHG
RQHDERYHWKHRWKHULQWKHVKDSHRIFRIILQVVKRZHGWKDW
WKH\ZHUHDWODVWLQWKHFDWDFRPEV'RZQRQHRIWKH
FRUULGRUVZKRVHH[WHQWLWZDVLPSRVVLEOHWRGHWHUPLQHUD\V
RIOLJKWZHUHYLVLEOH7KHFRXQWODLGKLVKDQGRQ)UDQ]
V
VKRXOGHU:RXOG\RXOLNHWRVHHDFDPSRIEDQGLWVLQ
UHSRVH"KHLQTXLUHG
([FHHGLQJO\UHSOLHG)UDQ]
&RPHZLWKPHWKHQ3HSSLQRSXWRXWWKHWRUFK3HSSLQR
REH\HGDQG)UDQ]DQGWKHFRXQWZHUHLQXWWHUGDUNQHVV
H[FHSWWKDWILIW\SDFHVLQDGYDQFHRIWKHPDUHGGLVKJODUH
PRUHHYLGHQWVLQFH3HSSLQRKDGSXWRXWKLVWRUFKZDV
YLVLEOHDORQJWKHZDOO7KH\DGYDQFHGVLOHQWO\WKHFRXQW
JXLGLQJ)UDQ]DVLIKHKDGWKHVLQJXODUIDFXOW\RIVHHLQJLQ
WKHGDUN)UDQ]KLPVHOIKRZHYHUVDZKLVZD\PRUHSODLQO\
LQSURSRUWLRQDVKHZHQWRQWRZDUGVWKHOLJKWZKLFKVHUYHG
LQVRPHPDQQHUDVDJXLGH7KUHHDUFDGHVZHUHEHIRUHWKHP

473

DQGWKHPLGGOHRQHZDVXVHGDVDGRRU7KHVHDUFDGHVRSHQHG
RQRQHVLGHLQWRWKHFRUULGRUZKHUHWKHFRXQWDQG)UDQ]
ZHUHDQGRQWKHRWKHULQWRDODUJHVTXDUHFKDPEHUHQWLUHO\
VXUURXQGHGE\QLFKHVVLPLODUWRWKRVHRIZKLFKZHKDYH
VSRNHQ,QWKHPLGVWRIWKLVFKDPEHUZHUHIRXUVWRQHVZKLFK
KDGIRUPHUO\VHUYHGDVDQDOWDUDVZDVHYLGHQWIURPWKH
FURVVZKLFKVWLOOVXUPRXQWHGWKHP$ODPSSODFHGDWWKH
EDVHRIDSLOODUOLJKWHGXSZLWKLWVSDOHDQGIOLFNHULQJ
IODPHWKHVLQJXODUVFHQHZKLFKSUHVHQWHGLWVHOIWRWKHH\HV
RIWKHWZRYLVLWRUVFRQFHDOHGLQWKHVKDGRZ$PDQZDV
VHDWHGZLWKKLVHOERZOHDQLQJRQWKHFROXPQDQGZDVUHDGLQJ
ZLWKKLVEDFNWXUQHGWRWKHDUFDGHVWKURXJKWKHRSHQLQJVRI
ZKLFKWKHQHZFRPHUVFRQWHPSODWHGKLP7KLVZDVWKHFKLHIRI
WKHEDQG/XLJL9DPSD$URXQGKLPDQGLQJURXSVDFFRUGLQJ
WRWKHLUIDQF\O\LQJLQWKHLUPDQWOHVRUZLWKWKHLUEDFNV
DJDLQVWDVRUWRIVWRQHEHQFKZKLFKZHQWDOOURXQGWKH
FROXPEDULXPZHUHWREHVHHQWZHQW\EULJDQGVRUPRUHHDFK
KDYLQJKLVFDUELQHZLWKLQUHDFK$WWKHRWKHUHQGVLOHQW
VFDUFHO\YLVLEOHDQGOLNHDVKDGRZZDVDVHQWLQHOZKRZDV
ZDONLQJXSDQGGRZQEHIRUHDJURWWRZKLFKZDVRQO\
GLVWLQJXLVKDEOHEHFDXVHLQWKDWVSRWWKHGDUNQHVVVHHPHG
PRUHGHQVHWKDQHOVHZKHUH:KHQWKHFRXQWWKRXJKW)UDQ]KDG
JD]HGVXIILFLHQWO\RQWKLVSLFWXUHVTXHWDEOHDXKHUDLVHG
KLVILQJHUWRKLVOLSVWRZDUQKLPWREHVLOHQWDQG
DVFHQGLQJWKHWKUHHVWHSVZKLFKOHGWRWKHFRUULGRURIWKH
FROXPEDULXPHQWHUHGWKHFKDPEHUE\WKHPLGGOHDUFDGHDQG
DGYDQFHGWRZDUGV9DPSDZKRZDVVRLQWHQWRQWKHERRNEHIRUH
KLPWKDWKHGLGQRWKHDUWKHQRLVHRIKLVIRRWVWHSV
:KRFRPHVWKHUH"FULHGWKHVHQWLQHOZKRZDVOHVV
DEVWUDFWHGDQGZKRVDZE\WKHODPSOLJKWDVKDGRZ
DSSURDFKLQJKLVFKLHI$WWKLVFKDOOHQJH9DPSDURVH
TXLFNO\GUDZLQJDWWKHVDPHPRPHQWDSLVWROIURPKLV
JLUGOH,QDPRPHQWDOOWKHEDQGLWVZHUHRQWKHLUIHHWDQG
WZHQW\FDUELQHVZHUHOHYHOOHGDWWKHFRXQW:HOOVDLGKH
LQDYRLFHSHUIHFWO\FDOPDQGQRPXVFOHRIKLVFRXQWHQDQFH
GLVWXUEHGZHOOP\GHDU9DPSDLWDSSHDUVWRPHWKDW\RX
UHFHLYHDIULHQGZLWKDJUHDWGHDORIFHUHPRQ\
*URXQGDUPVH[FODLPHGWKHFKLHIZLWKDQLPSHUDWLYHVLJQ
RIWKHKDQGZKLOHZLWKWKHRWKHUKHWRRNRIIKLVKDW
UHVSHFWIXOO\WKHQWXUQLQJWRWKHVLQJXODUSHUVRQDJHZKR
KDGFDXVHGWKLVVFHQHKHVDLG<RXUSDUGRQ\RXU
H[FHOOHQF\EXW,ZDVVRIDUIURPH[SHFWLQJWKHKRQRURID

474

YLVLWWKDW,GLGQRWUHDOO\UHFRJQL]H\RX
,WVHHPVWKDW\RXUPHPRU\LVHTXDOO\VKRUWLQHYHU\WKLQJ
9DPSDVDLGWKHFRXQWDQGWKDWQRWRQO\GR\RXIRUJHW
SHRSOH
VIDFHVEXWDOVRWKHFRQGLWLRQV\RXPDNHZLWKWKHP
:KDWFRQGLWLRQVKDYH,IRUJRWWHQ\RXUH[FHOOHQF\"
LQTXLUHGWKHEDQGLWZLWKWKHDLURIDPDQZKRKDYLQJ
FRPPLWWHGDQHUURULVDQ[LRXVWRUHSDLULW
:DVLWQRWDJUHHGDVNHGWKHFRXQWWKDWQRWRQO\P\
SHUVRQEXWDOVRWKDWRIP\IULHQGVVKRXOGEHUHVSHFWHGE\
\RX"
$QGKRZKDYH,EURNHQWKDWWUHDW\\RXUH[FHOOHQF\"
<RXKDYHWKLVHYHQLQJFDUULHGRIIDQGFRQYH\HGKLWKHUWKH
9LFRPWH$OEHUWGH0RUFHUI:HOOFRQWLQXHGWKHFRXQWLQD
WRQHWKDWPDGH)UDQ]VKXGGHUWKLV\RXQJJHQWOHPDQLVRQH
RIP\IULHQGVWKLV\RXQJJHQWOHPDQORGJHVLQWKHVDPH
KRWHODVP\VHOIWKLV\RXQJJHQWOHPDQKDVEHHQXSDQGGRZQ
WKH&RUVRIRUHLJKWKRXUVLQP\SULYDWHFDUULDJHDQG\HW,
UHSHDWWR\RX\RXKDYHFDUULHGKLPRIIDQGFRQYH\HGKLP
KLWKHUDQGDGGHGWKHFRXQWWDNLQJWKHOHWWHUIURPKLV
SRFNHW\RXKDYHVHWDUDQVRPRQKLPDVLIKHZHUHDQ
XWWHUVWUDQJHU
:K\GLG\RXQRWWHOOPHDOOWKLV\RX"LQTXLUHGWKH
EULJDQGFKLHIWXUQLQJWRZDUGVKLVPHQZKRDOOUHWUHDWHG
EHIRUHKLVORRN:K\KDYH\RXFDXVHGPHWKXVWRIDLOLQP\
ZRUGWRZDUGVDJHQWOHPDQOLNHWKHFRXQWZKRKDVDOORXU
OLYHVLQKLVKDQGV"%\KHDYHQVLI,WKRXJKWRQHRI\RXNQHZ
WKDWWKH\RXQJJHQWOHPDQZDVWKHIULHQGRIKLVH[FHOOHQF\,
ZRXOGEORZKLVEUDLQVRXWZLWKP\RZQKDQG
:HOOVDLGWKHFRXQWWXUQLQJWRZDUGV)UDQ],WROG\RX
WKHUHZDVVRPHPLVWDNHLQWKLV
$UH\RXQRWDORQH"DVNHG9DPSDZLWKXQHDVLQHVV
,DPZLWKWKHSHUVRQWRZKRPWKLVOHWWHUZDVDGGUHVVHGDQG
WRZKRP,GHVLUHGWRSURYHWKDW/XLJL9DPSDZDVDPDQRIKLV
ZRUG&RPH\RXUH[FHOOHQF\WKHFRXQWDGGHGWXUQLQJWR
)UDQ]KHUHLV/XLJL9DPSDZKRZLOOKLPVHOIH[SUHVVWR\RX

475

KLVGHHSUHJUHWDWWKHPLVWDNHKHKDVFRPPLWWHG)UDQ]
DSSURDFKHGWKHFKLHIDGYDQFLQJVHYHUDOVWHSVWRPHHWKLP
:HOFRPHDPRQJXV\RXUH[FHOOHQF\KHVDLGWRKLP\RX
KHDUGZKDWWKHFRXQWMXVWVDLGDQGDOVRP\UHSO\OHWPH
DGGWKDW,ZRXOGQRWIRUWKHIRXUWKRXVDQGSLDVWUHVDWZKLFK
,KDGIL[HG\RXUIULHQG
VUDQVRPWKDWWKLVKDGKDSSHQHG
%XWVDLG)UDQ]ORRNLQJURXQGKLPXQHDVLO\ZKHUHLVWKH
9LVFRXQW",GRQRWVHHKLP
1RWKLQJKDVKDSSHQHGWRKLP,KRSHVDLGWKHFRXQW
IURZQLQJO\
7KHSULVRQHULVWKHUHUHSOLHG9DPSDSRLQWLQJWRWKH
KROORZVSDFHLQIURQWRIZKLFKWKHEDQGLWZDVRQJXDUGDQG
,ZLOOJRP\VHOIDQGWHOOKLPKHLVIUHH7KHFKLHIZHQW
WRZDUGVWKHSODFHKHKDGSRLQWHGRXWDV$OEHUW
VSULVRQDQG
)UDQ]DQGWKHFRXQWIROORZHGKLP:KDWLVWKHSULVRQHU
GRLQJ"LQTXLUHG9DPSDRIWKHVHQWLQHO
0DIRLFDSWDLQUHSOLHGWKHVHQWU\,GRQRWNQRZIRU
WKHODVWKRXU,KDYHQRWKHDUGKLPVWLU
&RPHLQ\RXUH[FHOOHQF\VDLG9DPSD7KHFRXQWDQG)UDQ]
DVFHQGHGVHYHQRUHLJKWVWHSVDIWHUWKHFKLHIZKRGUHZEDFN
DEROWDQGRSHQHGDGRRU7KHQE\WKHJOHDPRIDODPS
VLPLODUWRWKDWZKLFKOLJKWHGWKHFROXPEDULXP$OEHUWZDVWR
EHVHHQZUDSSHGXSLQDFORDNZKLFKRQHRIWKHEDQGLWVKDG
OHQWKLPO\LQJLQDFRUQHULQSURIRXQGVOXPEHU&RPH
VDLGWKHFRXQWVPLOLQJZLWKKLVRZQSHFXOLDUVPLOHQRWVR
EDGIRUDPDQZKRLVWREHVKRWDWVHYHQR
FORFNWRPRUURZ
PRUQLQJ9DPSDORRNHGDW$OEHUWZLWKDNLQGRIDGPLUDWLRQ
KHZDVQRWLQVHQVLEOHWRVXFKDSURRIRIFRXUDJH
<RXDUHULJKW\RXUH[FHOOHQF\KHVDLGWKLVPXVWEHRQH
RI\RXUIULHQGV7KHQJRLQJWR$OEHUWKHWRXFKHGKLPRQ
WKHVKRXOGHUVD\LQJ:LOO\RXUH[FHOOHQF\SOHDVHWR
DZDNHQ"$OEHUWVWUHWFKHGRXWKLVDUPVUXEEHGKLVH\HOLGV
DQGRSHQHGKLVH\HV2KVDLGKHLVLW\RXFDSWDLQ"<RX
VKRXOGKDYHDOORZHGPHWRVOHHS,KDGVXFKDGHOLJKWIXO
GUHDP,ZDVGDQFLQJWKHJDORSDW7RUORQLD
VZLWKWKH
&RXQWHVV*7KHQKHGUHZKLVZDWFKIURPKLVSRFNHW
WKDWKHPLJKWVHHKRZWLPHVSHG

476

+DOISDVWRQHRQO\"VDLGKH:K\WKHGHYLOGR\RXURXVH
PHDWWKLVKRXU"
7RWHOO\RXWKDW\RXDUHIUHH\RXUH[FHOOHQF\
0\GHDUIHOORZUHSOLHG$OEHUWZLWKSHUIHFWHDVHRIPLQG
UHPHPEHUIRUWKHIXWXUH1DSROHRQ
VPD[LPC1HYHUDZDNHQ
PHEXWIRUEDGQHZV
LI\RXKDGOHWPHVOHHSRQ,VKRXOG
KDYHILQLVKHGP\JDORSDQGKDYHEHHQJUDWHIXOWR\RXDOOP\
OLIH6RWKHQWKH\KDYHSDLGP\UDQVRP"
1R\RXUH[FHOOHQF\
:HOOWKHQKRZDP,IUHH"
$SHUVRQWRZKRP,FDQUHIXVHQRWKLQJKDVFRPHWRGHPDQG
\RX
&RPHKLWKHU"
<HVKLWKHU
5HDOO\"7KHQWKDWSHUVRQLVDPRVWDPLDEOHSHUVRQ$OEHUW
ORRNHGDURXQGDQGSHUFHLYHG)UDQ]:KDWVDLGKHLVLW
\RXP\GHDU)UDQ]ZKRVHGHYRWLRQDQGIULHQGVKLSDUHWKXV
GLVSOD\HG"
1RQRW,UHSOLHG)UDQ]EXWRXUQHLJKERUWKH&RXQWRI
0RQWH&ULVWR
2KP\GHDUFRXQWVDLG$OEHUWJD\O\DUUDQJLQJKLVFUDYDW
DQGZULVWEDQGV\RXDUHUHDOO\PRVWNLQGDQG,KRSH\RX
ZLOOFRQVLGHUPHDVXQGHUHWHUQDOREOLJDWLRQVWR\RXLQWKH
ILUVWSODFHIRUWKHFDUULDJHDQGLQWKHQH[WIRUWKLV
YLVLWDQGKHSXWRXWKLVKDQGWRWKH&RXQWZKRVKXGGHUHG
DVKHJDYHKLVRZQEXWZKRQHYHUWKHOHVVGLGJLYHLW7KH
EDQGLWJD]HGRQWKLVVFHQHZLWKDPD]HPHQWKHZDVHYLGHQWO\
DFFXVWRPHGWRVHHKLVSULVRQHUVWUHPEOHEHIRUHKLPDQG\HW
KHUHZDVRQHZKRVHJD\WHPSHUDPHQWZDVQRWIRUDPRPHQW
DOWHUHGDVIRU)UDQ]KHZDVHQFKDQWHGDWWKHZD\LQZKLFK
$OEHUWKDGVXVWDLQHGWKHQDWLRQDOKRQRULQWKHSUHVHQFHRI
WKHEDQGLW0\GHDU$OEHUWKHVDLGLI\RXZLOOPDNH
KDVWHZHVKDOO\HWKDYHWLPHWRILQLVKWKHQLJKWDW
7RUORQLD
V<RXPD\FRQFOXGH\RXULQWHUUXSWHGJDORSVRWKDW

477

\RXZLOORZHQRLOOZLOOWR6LJQRU/XLJLZKRKDVLQGHHG
WKURXJKRXWWKLVZKROHDIIDLUDFWHGOLNHDJHQWOHPDQ
<RXDUHGHFLGHGO\ULJKWDQGZHPD\UHDFKWKH3DOD]]RE\
WZRR
FORFN6LJQRU/XLJLFRQWLQXHG$OEHUWLVWKHUHDQ\
IRUPDOLW\WRIXOILOEHIRUH,WDNHOHDYHRI\RXUH[FHOOHQF\"
1RQHVLUUHSOLHGWKHEDQGLW\RXDUHDVIUHHDVDLU
:HOOWKHQDKDSS\DQGPHUU\OLIHWR\RX&RPHJHQWOHPHQ
FRPH
$QG$OEHUWIROORZHGE\)UDQ]DQGWKHFRXQWGHVFHQGHGWKH
VWDLUFDVHFURVVHGWKHVTXDUHFKDPEHUZKHUHVWRRGDOOWKH
EDQGLWVKDWLQKDQG3HSSLQRVDLGWKHEULJDQGFKLHI
JLYHPHWKHWRUFK
:KDWDUH\RXJRLQJWRGR"LQTXLUHGWKHFRXQW
OZLOOVKRZ\RXWKHZD\EDFNP\VHOIVDLGWKHFDSWDLQ
WKDWLVWKHOHDVWKRQRUWKDW,FDQUHQGHUWR\RXU
H[FHOOHQF\$QGWDNLQJWKHOLJKWHGWRUFKIURPWKHKDQGVRI
WKHKHUGVPDQKHSUHFHGHGKLVJXHVWVQRWDVDVHUYDQWZKR
SHUIRUPVDQDFWRIFLYLOLW\EXWOLNHDNLQJZKRSUHFHGHV
DPEDVVDGRUV2QUHDFKLQJWKHGRRUKHERZHG$QGQRZ\RXU
H[FHOOHQF\DGGHGKHDOORZPHWRUHSHDWP\DSRORJLHVDQG
,KRSH\RXZLOOQRWHQWHUWDLQDQ\UHVHQWPHQWDWZKDWKDV
RFFXUUHG
1RP\GHDU9DPSDUHSOLHGWKHFRXQWEHVLGHV\RX
FRPSHQVDWHIRU\RXUPLVWDNHVLQVRJHQWOHPDQO\DZD\WKDW
RQHDOPRVWIHHOVREOLJHGWR\RXIRUKDYLQJFRPPLWWHGWKHP
*HQWOHPHQDGGHGWKHFKLHIWXUQLQJWRZDUGVWKH\RXQJPHQ
SHUKDSVWKHRIIHUPD\QRWDSSHDUYHU\WHPSWLQJWR\RXEXW
LI\RXVKRXOGHYHUIHHOLQFOLQHGWRSD\PHDVHFRQGYLVLW
ZKHUHYHU,PD\EH\RXVKDOOEHZHOFRPH)UDQ]DQG$OEHUW
ERZHG7KHFRXQWZHQWRXWILUVWWKHQ$OEHUW)UDQ]SDXVHG
IRUDPRPHQW+DV\RXUH[FHOOHQF\DQ\WKLQJWRDVNPH"VDLG
9DPSDZLWKDVPLOH
<HV,KDYHUHSOLHG)UDQ],DPFXULRXVWRNQRZZKDW
ZRUN\RXZHUHSHUXVLQJZLWKVRPXFKDWWHQWLRQDVZH
HQWHUHG

478

&DHVDU
VC&RPPHQWDULHV
VDLGWKHEDQGLWLWLVP\
IDYRULWHZRUN
:HOODUH\RXFRPLQJ"DVNHG$OEHUW
<HVUHSOLHG)UDQ]KHUH,DPDQGKHLQKLVWXUQOHIW
WKHFDYHV7KH\DGYDQFHGWRWKHSODLQ$K\RXUSDUGRQ
VDLG$OEHUWWXUQLQJURXQGZLOO\RXDOORZPHFDSWDLQ"
$QGKHOLJKWHGKLVFLJDUDW9DPSD
VWRUFK1RZP\GHDU
FRXQWKHVDLGOHWXVRQZLWKDOOWKHVSHHGZHPD\,DP
HQRUPRXVO\DQ[LRXVWRILQLVKP\QLJKWDWWKH'XNHRI
%UDFFLDQR
V7KH\IRXQGWKHFDUULDJHZKHUHWKH\KDGOHIW
LW7KHFRXQWVDLGDZRUGLQ$UDELFWR$OLDQGWKHKRUVHV
ZHQWRQDWJUHDWVSHHG,WZDVMXVWWZRR
FORFNE\$OEHUW
V
ZDWFKZKHQWKHWZRIULHQGVHQWHUHGLQWRWKHGDQFLQJURRP
7KHLUUHWXUQZDVTXLWHDQHYHQWEXWDVWKH\HQWHUHG
WRJHWKHUDOOXQHDVLQHVVRQ$OEHUW
VDFFRXQWFHDVHG
LQVWDQWO\0DGDPHVDLGWKH9LVFRXQWRI0RUFHUIDGYDQFLQJ
WRZDUGVWKHFRXQWHVV\HVWHUGD\\RXZHUHVRFRQGHVFHQGLQJ
DVWRSURPLVHPHDJDORS,DPUDWKHUODWHLQFODLPLQJWKLV
JUDFLRXVSURPLVHEXWKHUHLVP\IULHQGZKRVHFKDUDFWHUIRU
YHUDFLW\\RXZHOONQRZDQGKHZLOODVVXUH\RXWKHGHOD\
DURVHIURPQRIDXOWRIPLQH$QGDVDWWKLVPRPHQWWKH
RUFKHVWUDJDYHWKHVLJQDOIRUWKHZDOW]$OEHUWSXWKLVDUP
URXQGWKHZDLVWRIWKHFRXQWHVVDQGGLVDSSHDUHGZLWKKHULQ
WKHZKLUORIGDQFHUV,QWKHPHDQZKLOH)UDQ]ZDVFRQVLGHULQJ
WKHVLQJXODUVKXGGHUWKDWKDGSDVVHGRYHUWKH&RXQWRI0RQWH
&ULVWRDWWKHPRPHQWZKHQKHKDGEHHQLQVRPHVRUWIRUFHG
WRJLYHKLVKDQGWR$OEHUW

&KDSWHU
7KH&RPSDFW
7KHILUVWZRUGVWKDW$OEHUWXWWHUHGWRKLVIULHQGRQWKH
IROORZLQJPRUQLQJFRQWDLQHGDUHTXHVWWKDW)UDQ]ZRXOG
DFFRPSDQ\KLPRQDYLVLWWRWKHFRXQWWUXHWKH\RXQJPDQ
KDGZDUPO\DQGHQHUJHWLFDOO\WKDQNHGWKHFRXQWRQWKH
SUHYLRXVHYHQLQJEXWVHUYLFHVVXFKDVKHKDGUHQGHUHGFRXOG
QHYHUEHWRRRIWHQDFNQRZOHGJHG)UDQ]ZKRVHHPHGDWWUDFWHG
E\VRPHLQYLVLEOHLQIOXHQFHWRZDUGVWKHFRXQWLQZKLFK
WHUURUZDVVWUDQJHO\PLQJOHGIHOWDQH[WUHPHUHOXFWDQFHWR

479

SHUPLWKLVIULHQGWREHH[SRVHGDORQHWRWKHVLQJXODU
IDVFLQDWLRQWKDWWKLVP\VWHULRXVSHUVRQDJHVHHPHGWR
H[HUFLVHRYHUKLPDQGWKHUHIRUHPDGHQRREMHFWLRQWR
$OEHUW
VUHTXHVWEXWDWRQFHDFFRPSDQLHGKLPWRWKHGHVLUHG
VSRWDQGDIWHUDVKRUWGHOD\WKHFRXQWMRLQHGWKHPLQWKH
VDORQ0\GHDUFRXQWVDLG$OEHUWDGYDQFLQJWRPHHWKLP
SHUPLWPHWRUHSHDWWKHSRRUWKDQNV,RIIHUHGODVWQLJKW
DQGWRDVVXUH\RXWKDWWKHUHPHPEUDQFHRIDOO,RZHWR\RX
ZLOOQHYHUEHHIIDFHGIURPP\PHPRU\EHOLHYHPHDVORQJDV
,OLYH,VKDOOQHYHUFHDVHWRGZHOOZLWKJUDWHIXO
UHFROOHFWLRQRQWKHSURPSWDQGLPSRUWDQWVHUYLFH\RX
UHQGHUHGPHDQGDOVRWRUHPHPEHUWKDWWR\RX,DPLQGHEWHG
HYHQIRUP\OLIH
0\YHU\JRRGIULHQGDQGH[FHOOHQWQHLJKERUUHSOLHGWKH
FRXQWZLWKDVPLOH\RXUHDOO\H[DJJHUDWHP\WULIOLQJ
H[HUWLRQV<RXRZHPHQRWKLQJEXWVRPHWULIOHRI
IUDQFVZKLFK\RXKDYHEHHQVDYHGRXWRI\RXUWUDYHOOLQJ
H[SHQVHVVRWKDWWKHUHLVQRWPXFKRIDVFRUHEHWZHHQXV
EXW\RXPXVWUHDOO\SHUPLWPHWRFRQJUDWXODWH\RXRQWKH
HDVHDQGXQFRQFHUQZLWKZKLFK\RXUHVLJQHG\RXUVHOIWR\RXU
IDWHDQGWKHSHUIHFWLQGLIIHUHQFH\RXPDQLIHVWHGDVWRWKH
WXUQHYHQWVPLJKWWDNH
8SRQP\ZRUGVDLG$OEHUW,GHVHUYHQRFUHGLWIRUZKDW,
FRXOGQRWKHOSQDPHO\DGHWHUPLQDWLRQWRWDNHHYHU\WKLQJ
DV,IRXQGLWDQGWROHWWKRVHEDQGLWVVHHWKDWDOWKRXJK
PHQJHWLQWRWURXEOHVRPHVFUDSHVDOORYHUWKHZRUOGWKHUH
LVQRQDWLRQEXWWKH)UHQFKWKDWFDQVPLOHHYHQLQWKHIDFH
RIJULP'HDWKKLPVHOI$OOWKDWKRZHYHUKDVQRWKLQJWRGR
ZLWKP\REOLJDWLRQVWR\RXDQG,QRZFRPHWRDVN\RX
ZKHWKHULQP\RZQSHUVRQP\IDPLO\RUFRQQHFWLRQV,FDQ
LQDQ\ZD\VHUYH\RX"0\IDWKHUWKH&RPWHGH0RUFHUI
DOWKRXJKRI6SDQLVKRULJLQSRVVHVVHVFRQVLGHUDEOH
LQIOXHQFHERWKDWWKHFRXUWRI)UDQFHDQG0DGULGDQG,
XQKHVLWDWLQJO\SODFHWKHEHVWVHUYLFHVRIP\VHOIDQGDOOWR
ZKRPP\OLIHLVGHDUDW\RXUGLVSRVDO
0RQVLHXUGH0RUFHUIUHSOLHGWKHFRXQW\RXURIIHUIDU
IURPVXUSULVLQJPHLVSUHFLVHO\ZKDW,H[SHFWHGIURP\RX
DQG,DFFHSWLWLQWKHVDPHVSLULWRIKHDUW\VLQFHULW\ZLWK
ZKLFKLWLVPDGHQD\,ZLOOJRVWLOOIXUWKHUDQGVD\
WKDW,KDGSUHYLRXVO\PDGHXSP\PLQGWRDVNDJUHDWIDYRU
DW\RXUKDQGV

480

2KSUD\QDPHLW
,DPZKROO\DVWUDQJHUWR3DULVLWLVDFLW\,KDYH
QHYHU\HWVHHQ
,VLWSRVVLEOHH[FODLPHG$OEHUWWKDW\RXKDYHUHDFKHG
\RXUSUHVHQWDJHZLWKRXWYLVLWLQJWKHILQHVWFDSLWDOLQWKH
ZRUOG",FDQVFDUFHO\FUHGLWLW
1HYHUWKHOHVVLWLVTXLWHWUXHVWLOO,DJUHHZLWK\RXLQ
WKLQNLQJWKDWP\SUHVHQWLJQRUDQFHRIWKHILUVWFLW\LQ
(XURSHLVDUHSURDFKWRPHLQHYHU\ZD\DQGFDOOVIRU
LPPHGLDWHFRUUHFWLRQEXWLQDOOSUREDELOLW\,VKRXOGKDYH
SHUIRUPHGVRLPSRUWDQWVRQHFHVVDU\DGXW\DVWKDWRI
PDNLQJP\VHOIDFTXDLQWHGZLWKWKHZRQGHUVDQGEHDXWLHVRI
\RXUMXVWO\FHOHEUDWHGFDSLWDOKDG,NQRZQDQ\SHUVRQZKR
ZRXOGKDYHLQWURGXFHGPHLQWRWKHIDVKLRQDEOHZRUOGEXW
XQIRUWXQDWHO\,SRVVHVVHGQRDFTXDLQWDQFHWKHUHDQGRI
QHFHVVLW\ZDVFRPSHOOHGWRDEDQGRQWKHLGHD
6RGLVWLQJXLVKHGDQLQGLYLGXDODV\RXUVHOIFULHG$OEHUW
FRXOGVFDUFHO\KDYHUHTXLUHGDQLQWURGXFWLRQ
<RXDUHPRVWNLQGEXWDVUHJDUGVP\VHOI,FDQILQGQR
PHULW,SRVVHVVVDYHWKDWDVDPLOOLRQDLUH,PLJKWKDYH
EHFRPHDSDUWQHULQWKHVSHFXODWLRQVRI0$JXDGRDQG0
5RWKVFKLOGEXWDVP\PRWLYHLQWUDYHOOLQJWR\RXUFDSLWDO
ZRXOGQRWKDYHEHHQIRUWKHSOHDVXUHRIGDEEOLQJLQVWRFNV
,VWD\HGDZD\WLOOVRPHIDYRUDEOHFKDQFHVKRXOGSUHVHQW
LWVHOIRIFDUU\LQJP\ZLVKLQWRH[HFXWLRQ<RXURIIHU
KRZHYHUVPRRWKVDOOGLIILFXOWLHVDQG,KDYHRQO\WRDVN
\RXP\GHDU0GH0RUFHUI WKHVHZRUGVZHUHDFFRPSDQLHGE\
DPRVWSHFXOLDUVPLOH ZKHWKHU\RXXQGHUWDNHXSRQP\
DUULYDOLQ)UDQFHWRRSHQWRPHWKHGRRUVRIWKDW
IDVKLRQDEOHZRUOGRIZKLFK,NQRZQRPRUHWKDQD+XURQRUD
QDWLYHRI&RFKLQ&KLQD"
2KWKDW,GRDQGZLWKLQILQLWHSOHDVXUHDQVZHUHG
$OEHUWDQGVRPXFKWKHPRUHUHDGLO\DVDOHWWHUUHFHLYHG
WKLVPRUQLQJIURPP\IDWKHUVXPPRQVPHWR3DULVLQ
FRQVHTXHQFHRIDWUHDW\RIPDUULDJH P\GHDU)UDQ]GRQRW
VPLOH,EHJRI\RX ZLWKDIDPLO\RIKLJKVWDQGLQJDQG
FRQQHFWHGZLWKWKHYHU\FUHDPRI3DULVLDQVRFLHW\

481

&RQQHFWHGE\PDUULDJH\RXPHDQVDLG)UDQ]ODXJKLQJO\
:HOOQHYHUPLQGKRZLWLVDQVZHUHG$OEHUWLWFRPHVWR
WKHVDPHWKLQJLQWKHHQG3HUKDSVE\WKHWLPH\RXUHWXUQWR
3DULV,VKDOOEHTXLWHDVREHUVWDLGIDWKHURIDIDPLO\$
PRVWHGLI\LQJUHSUHVHQWDWLYH,VKDOOPDNHRIDOOWKH
GRPHVWLFYLUWXHVGRQ
W\RXWKLQNVR"%XWDVUHJDUGV\RXU
ZLVKWRYLVLWRXUILQHFLW\P\GHDUFRXQW,FDQRQO\VD\
WKDW\RXPD\FRPPDQGPHDQGPLQHWRDQ\H[WHQW\RXSOHDVH
7KHQLWLVVHWWOHGVDLGWKHFRXQWDQG,JLYH\RXP\
VROHPQDVVXUDQFHWKDW,RQO\ZDLWHGDQRSSRUWXQLW\OLNHWKH
SUHVHQWWRUHDOL]HSODQVWKDW,KDYHORQJPHGLWDWHG)UDQ]
GLGQRWGRXEWWKDWWKHVHSODQVZHUHWKHVDPHFRQFHUQLQJ
ZKLFKWKHFRXQWKDGGURSSHGDIHZZRUGVLQWKHJURWWRRI
0RQWH&ULVWRDQGZKLOHWKH&RXQWZDVVSHDNLQJWKH\RXQJPDQ
ZDWFKHGKLPFORVHO\KRSLQJWRUHDGVRPHWKLQJRIKLVSXUSRVH
LQKLVIDFHEXWKLVFRXQWHQDQFHZDVLQVFUXWDEOHHVSHFLDOO\
ZKHQDVLQWKHSUHVHQWFDVHLWZDVYHLOHGLQDVSKLQ[OLNH
VPLOH%XWWHOOPHQRZFRXQWH[FODLPHG$OEHUWGHOLJKWHG
DWWKHLGHDRIKDYLQJWRFKDSHURQVRGLVWLQJXLVKHGDSHUVRQ
DV0RQWH&ULVWRWHOOPHWUXO\ZKHWKHU\RXDUHLQHDUQHVW
RULIWKLVSURMHFWRIYLVLWLQJ3DULVLVPHUHO\RQHRIWKH
FKLPHULFDODQGXQFHUWDLQDLUFDVWOHVRIZKLFKZHPDNHVR
PDQ\LQWKHFRXUVHRIRXUOLYHVEXWZKLFKOLNHDKRXVH
EXLOWRQWKHVDQGLVOLDEOHWREHEORZQRYHUE\WKHILUVW
SXIIRIZLQG"
,SOHGJH\RXP\KRQRUUHWXUQHGWKHFRXQWWKDW,PHDQWR
GRDV,KDYHVDLGERWKLQFOLQDWLRQDQGSRVLWLYHQHFHVVLW\
FRPSHOPHWRYLVLW3DULV
:KHQGR\RXSURSRVHJRLQJWKLWKHU"
+DYH\RXPDGHXS\RXUPLQGZKHQ\RXVKDOOEHWKHUH
\RXUVHOI"
&HUWDLQO\,KDYHLQDIRUWQLJKWRUWKUHHZHHNV
WLPHWKDW
LVWRVD\DVIDVWDV,FDQJHWWKHUH
1D\VDLGWKH&RXQW,ZLOOJLYH\RXWKUHHPRQWKVHUH,
MRLQ\RX\RXVHH,PDNHDQDPSOHDOORZDQFHIRUDOOGHOD\V
DQGGLIILFXOWLHV

482

$QGLQWKUHHPRQWKV
WLPHVDLG$OEHUW\RXZLOOEHDWP\
KRXVH"
6KDOOZHPDNHDSRVLWLYHDSSRLQWPHQWIRUDSDUWLFXODUGD\
DQGKRXU"LQTXLUHGWKHFRXQWRQO\OHWPHZDUQ\RXWKDW,
DPSURYHUELDOIRUP\SXQFWLOLRXVH[DFWLWXGHLQNHHSLQJP\
HQJDJHPHQWV
'D\IRUGD\KRXUIRUKRXUVDLG$OEHUWWKDWZLOOVXLW
PHWRDGRW
6REHLWWKHQUHSOLHGWKHFRXQWDQGH[WHQGLQJKLVKDQG
WRZDUGVDFDOHQGDUVXVSHQGHGQHDUWKHFKLPQH\SLHFHKH
VDLGWRGD\LVWKHVWRI)HEUXDU\DQGGUDZLQJRXWKLV
ZDWFKDGGHGLWLVH[DFWO\KDOISDVWWHQR
FORFN1RZ
SURPLVHPHWRUHPHPEHUWKLVDQGH[SHFWPHWKHVWRI0D\
DWWKHVDPHKRXULQWKHIRUHQRRQ
&DSLWDOH[FODLPHG$OEHUW\RXUEUHDNIDVWVKDOOEH
ZDLWLQJ
:KHUHGR\RXOLYH"
1R5XHGX+HOGHU
+DYH\RXEDFKHORU
VDSDUWPHQWVWKHUH",KRSHP\FRPLQJZLOO
QRWSXW\RXWRDQ\LQFRQYHQLHQFH
,UHVLGHLQP\IDWKHU
VKRXVHEXWRFFXS\DSDYLOLRQDWWKH
IDUWKHUVLGHRIWKHFRXUW\DUGHQWLUHO\VHSDUDWHGIURPWKH
PDLQEXLOGLQJ
4XLWHVXIILFLHQWUHSOLHGWKHFRXQWDVWDNLQJRXWKLV
WDEOHWVKHZURWHGRZQ1R5XHGX+HOGHUVW0D\
KDOISDVWWHQLQWKHPRUQLQJ
1RZWKHQVDLGWKHFRXQWUHWXUQLQJKLVWDEOHWVWRKLV
SRFNHWPDNH\RXUVHOISHUIHFWO\HDV\WKHKDQGRI\RXU
WLPHSLHFHZLOOQRWEHPRUHDFFXUDWHLQPDUNLQJWKHWLPH
WKDQP\VHOI
6KDOO,VHH\RXDJDLQHUHP\GHSDUWXUH"DVNHG$OEHUW

483

7KDWGHSHQGVZKHQGR\RXOHDYH"
7RPRUURZHYHQLQJDWILYHR
FORFN
,QWKDWFDVH,PXVWVD\DGLHXWR\RXDV,DPFRPSHOOHGWR
JRWR1DSOHVDQGVKDOOQRWUHWXUQKLWKHUEHIRUH6DWXUGD\
HYHQLQJRU6XQGD\PRUQLQJ$QG\RXEDURQSXUVXHGWKH
FRXQWDGGUHVVLQJ)UDQ]GR\RXDOVRGHSDUWWRPRUURZ"
<HV
)RU)UDQFH"
1RIRU9HQLFH,VKDOOUHPDLQLQ,WDO\IRUDQRWKHU\HDURU
WZR
7KHQZHVKDOOQRWPHHWLQ3DULV"
,IHDU,VKDOOQRWKDYHWKDWKRQRU
:HOOVLQFHZHPXVWSDUWVDLGWKHFRXQWKROGLQJRXWD
KDQGWRHDFKRIWKH\RXQJPHQDOORZPHWRZLVK\RXERWKD
VDIHDQGSOHDVDQWMRXUQH\,WZDVWKHILUVWWLPHWKHKDQG
RI)UDQ]KDGFRPHLQFRQWDFWZLWKWKDWRIWKHP\VWHULRXV
LQGLYLGXDOEHIRUHKLPDQGXQFRQVFLRXVO\KHVKXGGHUHGDWLWV
WRXFKIRULWIHOWFROGDQGLF\DVWKDWRIDFRUSVH/HWXV
XQGHUVWDQGHDFKRWKHUVDLG$OEHUWLWLVDJUHHGLVLW
QRW"WKDW\RXDUHWREHDW1RLQWKH5XHGX+HOGHU
RQWKHVWRI0D\DWKDOISDVWWHQLQWKHPRUQLQJDQG
\RXUZRUGRIKRQRUSDVVHGIRU\RXUSXQFWXDOLW\"
7KHVWRI0D\DWKDOISDVWWHQLQWKHPRUQLQJ5XHGX
+HOGHU1RUHSOLHGWKH&RXQW7KH\RXQJPHQWKHQURVH
DQGERZLQJWRWKHFRXQWTXLWWHGWKHURRP:KDWLVWKH
PDWWHU"DVNHG$OEHUWRI)UDQ]ZKHQWKH\KDGUHWXUQHGWR
WKHLURZQDSDUWPHQWV\RXVHHPPRUHWKDQFRPPRQO\
WKRXJKWIXO
,ZLOOFRQIHVVWR\RX$OEHUWUHSOLHG)UDQ]WKHFRXQW
LVDYHU\VLQJXODUSHUVRQDQGWKHDSSRLQWPHQW\RXKDYHPDGH
WRPHHWKLPLQ3DULVILOOVPHZLWKDWKRXVDQG
DSSUHKHQVLRQV
0\GHDUIHOORZH[FODLPHG$OEHUWZKDWFDQWKHUHSRVVLEO\

484

EHLQWKDWWRH[FLWHXQHDVLQHVV":K\\RXPXVWKDYHORVW
\RXUVHQVHV
:KHWKHU,DPLQP\VHQVHVRUQRWDQVZHUHG)UDQ]WKDWLV
WKHZD\,IHHO
/LVWHQWRPH)UDQ]VDLG$OEHUW,DPJODGWKDWWKH
RFFDVLRQKDVSUHVHQWHGLWVHOIIRUVD\LQJWKLVWR\RXIRU,
KDYHQRWLFHGKRZFROG\RXDUHLQ\RXUEHDULQJWRZDUGVWKH
FRXQWZKLOHKHRQWKHRWKHUKDQGKDVDOZD\VEHHQFRXUWHV\
LWVHOIWRXV+DYH\RXDQ\WKLQJSDUWLFXODUDJDLQVWKLP"
3RVVLEO\
'LG\RXHYHUPHHWKLPSUHYLRXVO\WRFRPLQJKLWKHU"
,KDYH
$QGZKHUH"
:LOO\RXSURPLVHPHQRWWRUHSHDWDVLQJOHZRUGRIZKDW,
DPDERXWWRWHOO\RX"
,SURPLVH
8SRQ\RXUKRQRU"
8SRQP\KRQRU
7KHQOLVWHQWRPH)UDQ]WKHQUHODWHGWRKLVIULHQGWKH
KLVWRU\RIKLVH[FXUVLRQWRWKH,VODQGRI0RQWH&ULVWRDQG
RIKLVILQGLQJDSDUW\RIVPXJJOHUVWKHUHDQGWKHWZR
&RUVLFDQEDQGLWVZLWKWKHP+HGZHOWZLWKFRQVLGHUDEOHIRUFH
DQGHQHUJ\RQWKHDOPRVWPDJLFDOKRVSLWDOLW\KHKDGUHFHLYHG
IURPWKHFRXQWDQGWKHPDJQLILFHQFHRIKLVHQWHUWDLQPHQWLQ
WKHJURWWRRIWKH7KRXVDQGDQG2QH1LJKWV+HUHFRXQWHG
ZLWKFLUFXPVWDQWLDOH[DFWLWXGHDOOWKHSDUWLFXODUVRIWKH
VXSSHUWKHKDVKLVKWKHVWDWXHVWKHGUHDPDQGKRZDWKLV
DZDNHQLQJWKHUHUHPDLQHGQRSURRIRUWUDFHRIDOOWKHVH
HYHQWVVDYHWKHVPDOO\DFKWVHHQLQWKHGLVWDQWKRUL]RQ
GULYLQJXQGHUIXOOVDLOWRZDUG3RUWR9HFFKLR7KHQKH
GHWDLOHGWKHFRQYHUVDWLRQRYHUKHDUGE\KLPDWWKH&RORVVHXP
EHWZHHQWKHFRXQWDQG9DPSDLQZKLFKWKHFRXQWKDGSURPLVHG
WRREWDLQWKHUHOHDVHRIWKHEDQGLW3HSSLQRDQ

485

HQJDJHPHQWZKLFKDVRXUUHDGHUVDUHDZDUHKHPRVW
IDLWKIXOO\IXOILOOHG$WODVWKHDUULYHGDWWKHDGYHQWXUHRI
WKHSUHFHGLQJQLJKWDQGWKHHPEDUUDVVPHQWLQZKLFKKHIRXQG
KLPVHOISODFHGE\QRWKDYLQJVXIILFLHQWFDVKE\VL[RUVHYHQ
KXQGUHGSLDVWUHVWRPDNHXSWKHVXPUHTXLUHGDQGILQDOO\RI
KLVDSSOLFDWLRQWRWKHFRXQWDQGWKHSLFWXUHVTXHDQG
VDWLVIDFWRU\UHVXOWWKDWIROORZHG$OEHUWOLVWHQHGZLWKWKH
PRVWSURIRXQGDWWHQWLRQ:HOOVDLGKHZKHQ)UDQ]KDG
FRQFOXGHGZKDWGR\RXILQGWRREMHFWWRLQDOO\RXKDYH
UHODWHG"7KHFRXQWLVIRQGRIWUDYHOOLQJDQGEHLQJULFK
SRVVHVVHVDYHVVHORIKLVRZQ*REXWWR3RUWVPRXWKRU
6RXWKDPSWRQDQG\RXZLOOILQGWKHKDUERUVFURZGHGZLWKWKH
\DFKWVEHORQJLQJWRVXFKRIWKH(QJOLVKDVFDQDIIRUGWKH
H[SHQVHDQGKDYHWKHVDPHOLNLQJIRUWKLVDPXVHPHQW1RZ
E\ZD\RIKDYLQJDUHVWLQJSODFHGXULQJKLVH[FXUVLRQV
DYRLGLQJWKHZUHWFKHGFRRNHU\ZKLFKKDVEHHQWU\LQJLWV
EHVWWRSRLVRQPHGXULQJWKHODVWIRXUPRQWKVZKLOH\RX
KDYHPDQIXOO\UHVLVWHGLWVHIIHFWVIRUDVPDQ\\HDUVDQG
REWDLQLQJDEHGRQZKLFKLWLVSRVVLEOHWRVOXPEHU0RQWH
&ULVWRKDVIXUQLVKHGIRUKLPVHOIDWHPSRUDU\DERGHZKHUH\RX
ILUVWIRXQGKLPEXWWRSUHYHQWWKHSRVVLELOLW\RIWKH
7XVFDQJRYHUQPHQWWDNLQJDIDQF\WRKLVHQFKDQWHGSDODFH
DQGWKHUHE\GHSULYLQJKLPRIWKHDGYDQWDJHVQDWXUDOO\
H[SHFWHGIURPVRODUJHDQRXWOD\RIFDSLWDOKHKDVZLVHO\
HQRXJKSXUFKDVHGWKHLVODQGDQGWDNHQLWVQDPH-XVWDVN
\RXUVHOIP\JRRGIHOORZZKHWKHUWKHUHDUHQRWPDQ\SHUVRQV
RIRXUDFTXDLQWDQFHZKRDVVXPHWKHQDPHVRIODQGVDQG
SURSHUWLHVWKH\QHYHULQWKHLUOLYHVZHUHPDVWHUVRI"
%XWVDLG)UDQ]WKH&RUVLFDQEDQGLWVWKDWZHUHDPRQJWKH
FUHZRIKLVYHVVHO"
:K\UHDOO\WKHWKLQJVHHPVWRPHVLPSOHHQRXJK1RERG\
NQRZVEHWWHUWKDQ\RXUVHOIWKDWWKHEDQGLWVRI&RUVLFDDUH
QRWURJXHVRUWKLHYHVEXWSXUHO\DQGVLPSO\IXJLWLYHV
GULYHQE\VRPHVLQLVWHUPRWLYHIURPWKHLUQDWLYHWRZQRU
YLOODJHDQGWKDWWKHLUIHOORZVKLSLQYROYHVQRGLVJUDFHRU
VWLJPDIRUP\RZQSDUW,SURWHVWWKDWVKRXOG,HYHUJRWR
&RUVLFDP\ILUVWYLVLWHUHHYHQ,SUHVHQWHGP\VHOIWRWKH
PD\RURUSUHIHFWVKRXOGEHWRWKHEDQGLWVRI&RORPEDLI,
FRXOGRQO\PDQDJHWRILQGWKHPIRURQP\FRQVFLHQFHWKH\
DUHDUDFHRIPHQ,DGPLUHJUHDWO\
6WLOOSHUVLVWHG)UDQ],VXSSRVH\RXZLOODOORZWKDW

486

VXFKPHQDV9DPSDDQGKLVEDQGDUHUHJXODUYLOODLQVZKR
KDYHQRRWKHUPRWLYHWKDQSOXQGHUZKHQWKH\VHL]H\RXU
SHUVRQ+RZGR\RXH[SODLQWKHLQIOXHQFHWKHFRXQWHYLGHQWO\
SRVVHVVHGRYHUWKRVHUXIILDQV"
0\JRRGIULHQGDVLQDOOSUREDELOLW\,RZQP\SUHVHQW
VDIHW\WRWKDWLQIOXHQFHLWZRXOGLOOEHFRPHPHWRVHDUFK
WRRFORVHO\LQWRLWVVRXUFHWKHUHIRUHLQVWHDGRI
FRQGHPQLQJKLPIRUKLVLQWLPDF\ZLWKRXWODZV\RXPXVWJLYH
PHOHDYHWRH[FXVHDQ\OLWWOHLUUHJXODULW\WKHUHPD\EHLQ
VXFKDFRQQHFWLRQQRWDOWRJHWKHUIRUSUHVHUYLQJP\OLIH
IRUP\RZQLGHDZDVWKDWLWQHYHUZDVLQPXFKGDQJHUEXW
FHUWDLQO\IRUVDYLQJPHSLDVWUHVZKLFKEHLQJ
WUDQVODWHGPHDQVQHLWKHUPRUHQRUOHVVWKDQOLYUHV
RIRXUPRQH\DVXPDWZKLFKPRVWDVVXUHGO\,VKRXOG
QHYHUKDYHEHHQHVWLPDWHGLQ)UDQFHSURYLQJPRVW
LQGLVSXWDEO\DGGHG$OEHUWZLWKDODXJKWKDWQRSURSKHW
LVKRQRUHGLQKLVRZQFRXQWU\
7DONLQJRIFRXQWULHVUHSOLHG)UDQ]RIZKDWFRXQWU\LV
WKHFRXQWZKDWLVKLVQDWLYHWRQJXHZKHQFHGRHVKHGHULYH
KLVLPPHQVHIRUWXQHDQGZKDWZHUHWKRVHHYHQWVRIKLVHDUO\
OLIHDOLIHDVPDUYHOORXVDVXQNQRZQWKDWKDYH
WLQFWXUHGKLVVXFFHHGLQJ\HDUVZLWKVRGDUNDQGJORRP\D
PLVDQWKURS\"&HUWDLQO\WKHVHDUHTXHVWLRQVWKDWLQ\RXU
SODFH,VKRXOGOLNHWRKDYHDQVZHUHG
0\GHDU)UDQ]UHSOLHG$OEHUWZKHQXSRQUHFHLSWRIP\
OHWWHU\RXIRXQGWKHQHFHVVLW\RIDVNLQJWKHFRXQW
V
DVVLVWDQFH\RXSURPSWO\ZHQWWRKLPVD\LQJC0\IULHQG
$OEHUWGH0RUFHUILVLQGDQJHUKHOSPHWRGHOLYHUKLP
:DV
QRWWKDWQHDUO\ZKDW\RXVDLG"
,WZDV
:HOOWKHQGLGKHDVN\RXC:KRLV0$OEHUWGH0RUFHUI"
KRZGRHVKHFRPHE\KLVQDPHKLVIRUWXQH"ZKDWDUHKLV
PHDQVRIH[LVWHQFH"ZKDWLVKLVELUWKSODFHRIZKDWFRXQWU\
LVKHDQDWLYH"
7HOOPHGLGKHSXWDOOWKHVHTXHVWLRQVWR
\RX"
,FRQIHVVKHDVNHGPHQRQH
1RKHPHUHO\FDPHDQGIUHHGPHIURPWKHKDQGVRI6LJQRU

487

9DPSDZKHUH,FDQDVVXUH\RXLQVSLWHRIDOOP\RXWZDUG
DSSHDUDQFHRIHDVHDQGXQFRQFHUQ,GLGQRWYHU\
SDUWLFXODUO\FDUHWRUHPDLQ1RZWKHQ)UDQ]ZKHQIRU
VHUYLFHVVRSURPSWO\DQGXQKHVLWDWLQJO\UHQGHUHGKHEXW
DVNVPHLQUHWXUQWRGRIRUKLPZKDWLVGRQHGDLO\IRUDQ\
5XVVLDQSULQFHRU,WDOLDQQREOHPDQZKRPD\SDVVWKURXJK
3DULVPHUHO\WRLQWURGXFHKLPLQWRVRFLHW\ZRXOG\RX
KDYHPHUHIXVH"0\JRRGIHOORZ\RXPXVWKDYHORVW\RXU
VHQVHVWRWKLQNLWSRVVLEOH,FRXOGDFWZLWKVXFK
FROGEORRGHGSROLF\$QGWKLVWLPHLWPXVWEHFRQIHVVHG
WKDWFRQWUDU\WRWKHXVXDOVWDWHRIDIIDLUVLQGLVFXVVLRQV
EHWZHHQWKH\RXQJPHQWKHHIIHFWLYHDUJXPHQWVZHUHDOORQ
$OEHUW
VVLGH
:HOOVDLG)UDQ]ZLWKDVLJKGRDV\RXSOHDVHP\GHDU
YLVFRXQWIRU\RXUDUJXPHQWVDUHEH\RQGP\SRZHUVRI
UHIXWDWLRQ6WLOOLQVSLWHRIDOO\RXPXVWDGPLWWKDWWKLV
&RXQWRI0RQWH&ULVWRLVDPRVWVLQJXODUSHUVRQDJH
+HLVDSKLODQWKURSLVWDQVZHUHGWKHRWKHUDQGQRGRXEW
KLVPRWLYHLQYLVLWLQJ3DULVLVWRFRPSHWHIRUWKH0RQWK\RQ
SUL]HJLYHQDV\RXDUHDZDUHWRZKRHYHUVKDOOEHSURYHG
WRKDYHPRVWPDWHULDOO\DGYDQFHGWKHLQWHUHVWVRIYLUWXHDQG
KXPDQLW\,IP\YRWHDQGLQWHUHVWFDQREWDLQLWIRUKLP,
ZLOOUHDGLO\JLYHKLPWKHRQHDQGSURPLVHWKHRWKHU$QG
QRZP\GHDU)UDQ]OHWXVWDONRIVRPHWKLQJHOVH&RPH
VKDOOZHWDNHRXUOXQFKHRQDQGWKHQSD\DODVWYLVLWWR6W
3HWHU
V")UDQ]VLOHQWO\DVVHQWHGDQGWKHIROORZLQJ
DIWHUQRRQDWKDOISDVWILYHR
FORFNWKH\RXQJPHQSDUWHG
$OEHUWGH0RUFHUIWRUHWXUQWR3DULVDQG)UDQ]G
(SLQD\WR
SDVVDIRUWQLJKWDW9HQLFH%XWHUHKHHQWHUHGKLV
WUDYHOOLQJFDUULDJH$OEHUWIHDULQJWKDWKLVH[SHFWHGJXHVW
PLJKWIRUJHWWKHHQJDJHPHQWKHKDGHQWHUHGLQWRSODFHGLQ
WKHFDUHRIDZDLWHUDWWKHKRWHODFDUGWREHGHOLYHUHGWR
WKH&RXQWRI0RQWH&ULVWRRQZKLFKEHQHDWKWKHQDPHRI
9LFRPWH$OEHUWGH0RUFHUIKHKDGZULWWHQLQSHQFLO
5XHGX+HOGHURQWKHVW0D\KDOISDVWWHQ$0

&KDSWHU
7KH*XHVWV
,QWKHKRXVHLQWKH5XHGX+HOGHUZKHUH$OEHUWKDGLQYLWHG

488

WKH&RXQWRI0RQWH&ULVWRHYHU\WKLQJZDVEHLQJSUHSDUHGRQ
WKHPRUQLQJRIWKHVWRI0D\WRGRKRQRUWRWKHRFFDVLRQ
$OEHUWGH0RUFHUILQKDELWHGDSDYLOLRQVLWXDWHGDWWKH
FRUQHURIDODUJHFRXUWDQGGLUHFWO\RSSRVLWHDQRWKHU
EXLOGLQJLQZKLFKZHUHWKHVHUYDQWV
DSDUWPHQWV7ZR
ZLQGRZVRQO\RIWKHSDYLOLRQIDFHGWKHVWUHHWWKUHHRWKHU
ZLQGRZVORRNHGLQWRWKHFRXUWDQGWZRDWWKHEDFNLQWRWKH
JDUGHQ%HWZHHQWKHFRXUWDQGWKHJDUGHQEXLOWLQWKHKHDY\
VW\OHRIWKHLPSHULDODUFKLWHFWXUHZDVWKHODUJHDQG
IDVKLRQDEOHGZHOOLQJRIWKH&RXQWDQG&RXQWHVVRI0RUFHUI$
KLJKZDOOVXUURXQGHGWKHZKROHRIWKHKRWHOVXUPRXQWHGDW
LQWHUYDOVE\YDVHVILOOHGZLWKIORZHUVDQGEURNHQLQWKH
FHQWUHE\DODUJHJDWHRIJLOGHGLURQZKLFKVHUYHGDVWKH
FDUULDJHHQWUDQFH$VPDOOGRRUFORVHWRWKHORGJHRIWKH
FRQFLHUJHJDYHLQJUHVVDQGHJUHVVWRWKHVHUYDQWVDQG
PDVWHUVZKHQWKH\ZHUHRQIRRW
,WZDVHDV\WRGLVFRYHUWKDWWKHGHOLFDWHFDUHRIDPRWKHU
XQZLOOLQJWRSDUWIURPKHUVRQDQG\HWDZDUHWKDWD\RXQJ
PDQRIWKHYLVFRXQW
VDJHUHTXLUHGWKHIXOOH[HUFLVHRIKLV
OLEHUW\KDGFKRVHQWKLVKDELWDWLRQIRU$OEHUW7KHUHZHUH
QRWODFNLQJKRZHYHUHYLGHQFHVRIZKDWZHPD\FDOOWKH
LQWHOOLJHQWHJRLVPRID\RXWKZKRLVFKDUPHGZLWKWKH
LQGROHQWFDUHOHVVOLIHRIDQRQO\VRQDQGZKROLYHVDVLW
ZHUHLQDJLOGHGFDJH%\PHDQVRIWKHWZRZLQGRZVORRNLQJ
LQWRWKHVWUHHW$OEHUWFRXOGVHHDOOWKDWSDVVHGWKHVLJKW
RIZKDWLVJRLQJRQLVQHFHVVDU\WR\RXQJPHQZKRDOZD\V
ZDQWWRVHHWKHZRUOGWUDYHUVHWKHLUKRUL]RQHYHQLIWKDW
KRUL]RQLVRQO\DSXEOLFWKRURXJKIDUH7KHQVKRXOGDQ\WKLQJ
DSSHDUWRPHULWDPRUHPLQXWHH[DPLQDWLRQ$OEHUWGH0RUFHUI
FRXOGIROORZXSKLVUHVHDUFKHVE\PHDQVRIDVPDOOJDWH
VLPLODUWRWKDWFORVHWRWKHFRQFLHUJH
VGRRUDQGZKLFK
PHULWVDSDUWLFXODUGHVFULSWLRQ,WZDVDOLWWOHHQWUDQFH
WKDWVHHPHGQHYHUWRKDYHEHHQRSHQHGVLQFHWKHKRXVHZDV
EXLOWVRHQWLUHO\ZDVLWFRYHUHGZLWKGXVWDQGGLUWEXW
WKHZHOORLOHGKLQJHVDQGORFNVWROGTXLWHDQRWKHUVWRU\
7KLVGRRUZDVDPRFNHU\WRWKHFRQFLHUJHIURPZKRVH
YLJLODQFHDQGMXULVGLFWLRQLWZDVIUHHDQGOLNHWKDW
IDPRXVSRUWDOLQWKH$UDELDQ1LJKWVRSHQLQJDWWKH
6HVDPHRI$OL%DEDLWZDVZRQWWRVZLQJEDFNZDUGDWD
FDEDOLVWLFZRUGRUDFRQFHUWHGWDSIURPZLWKRXWIURPWKH
VZHHWHVWYRLFHVRUZKLWHVWILQJHUVLQWKHZRUOG$WWKHHQG
RIDORQJFRUULGRUZLWKZKLFKWKHGRRUFRPPXQLFDWHGDQG
ZKLFKIRUPHGWKHDQWHFKDPEHUZDVRQWKHULJKW$OEHUW
V

489

EUHDNIDVWURRPORRNLQJLQWRWKHFRXUWDQGRQWKHOHIWWKH
VDORQORRNLQJLQWRWKHJDUGHQ6KUXEVDQGFUHHSLQJSODQWV
FRYHUHGWKHZLQGRZVDQGKLGIURPWKHJDUGHQDQGFRXUWWKHVH
WZRDSDUWPHQWVWKHRQO\URRPVLQWRZKLFKDVWKH\ZHUHRQ
WKHJURXQGIORRUWKHSU\LQJH\HVRIWKHFXULRXVFRXOG
SHQHWUDWH2QWKHIORRUDERYHZHUHVLPLODUURRPVZLWKWKH
DGGLWLRQRIDWKLUGIRUPHGRXWRIWKHDQWHFKDPEHUWKHVH
WKUHHURRPVZHUHDVDORQDERXGRLUDQGDEHGURRP7KH
VDORQGRZQVWDLUVZDVRQO\DQ$OJHULDQGLYDQIRUWKHXVHRI
VPRNHUV7KHERXGRLUXSVWDLUVFRPPXQLFDWHGZLWKWKH
EHGFKDPEHUE\DQLQYLVLEOHGRRURQWKHVWDLUFDVHLWZDV
HYLGHQWWKDWHYHU\SUHFDXWLRQKDGEHHQWDNHQ$ERYHWKLV
IORRUZDVDODUJHDWHOLHUZKLFKKDGEHHQLQFUHDVHGLQVL]H
E\SXOOLQJGRZQWKHSDUWLWLRQVDSDQGHPRQLXPLQZKLFK
WKHDUWLVWDQGWKHGDQG\VWURYHIRUSUHHPLQHQFH7KHUHZHUH
FROOHFWHGDQGSLOHGXSDOO$OEHUW
VVXFFHVVLYHFDSULFHV
KXQWLQJKRUQVEDVVYLROVIOXWHVDZKROHRUFKHVWUDIRU
$OEHUWKDGKDGQRWDWDVWHEXWDIDQF\IRUPXVLFHDVHOV
SDOHWWHVEUXVKHVSHQFLOVIRUPXVLFKDGEHHQVXFFHHGHG
E\SDLQWLQJIRLOVER[LQJJORYHVEURDGVZRUGVDQG
VLQJOHVWLFNVIRUIROORZLQJWKHH[DPSOHRIWKH
IDVKLRQDEOH\RXQJPHQRIWKHWLPH$OEHUWGH0RUFHUI
FXOWLYDWHGZLWKIDUPRUHSHUVHYHUDQFHWKDQPXVLFDQG
GUDZLQJWKHWKUHHDUWVWKDWFRPSOHWHDGDQG\
VHGXFDWLRQ
LHIHQFLQJER[LQJDQGVLQJOHVWLFNDQGLWZDVKHUH
WKDWKHUHFHLYHG*ULVLHU&RRNDQG&KDUOHV/HERXFKHU7KH
UHVWRIWKHIXUQLWXUHRIWKLVSULYLOHJHGDSDUWPHQWFRQVLVWHG
RIROGFDELQHWVILOOHGZLWK&KLQHVHSRUFHODLQDQG-DSDQHVH
YDVHV/XFFDGHOOD5REELDIDLHQFHDQG3DOLVV\SODWWHUVRI
ROGDUPFKDLUVLQZKLFKSHUKDSVKDGVDW+HQU\,9RU6XOO\
/RXLV;,,,RU5LFKHOLHXIRUWZRRIWKHVHDUPFKDLUV
DGRUQHGZLWKDFDUYHGVKLHOGRQZKLFKZHUHHQJUDYHGWKH
IOHXUGHOLVRI)UDQFHRQDQD]XUHILHOGHYLGHQWO\FDPHIURP
WKH/RXYUHRUDWOHDVWVRPHUR\DOUHVLGHQFH2YHUWKHVH
GDUNDQGVRPEUHFKDLUVZHUHWKURZQVSOHQGLGVWXIIVG\HG
EHQHDWK3HUVLD
VVXQRUZRYHQE\WKHILQJHUVRIWKHZRPHQ
RI&DOFXWWDRURI&KDQGHUQDJRU:KDWWKHVHVWXIIVGLGWKHUH
LWZDVLPSRVVLEOHWRVD\WKH\DZDLWHGZKLOHJUDWLI\LQJWKH
H\HVDGHVWLQDWLRQXQNQRZQWRWKHLURZQHUKLPVHOILQWKH
PHDQWLPHWKH\ILOOHGWKHSODFHZLWKWKHLUJROGHQDQGVLON\
UHIOHFWLRQV,QWKHFHQWUHRIWKHURRPZDVD5ROOHUDQG
%ODQFKHWEDE\JUDQGSLDQRLQURVHZRRGEXWKROGLQJWKH
SRWHQWLDOLWLHVRIDQRUFKHVWUDLQLWVQDUURZDQGVRQRURXV
FDYLW\DQGJURDQLQJEHQHDWKWKHZHLJKWRIWKH

490

FKHIVG
RHXYUHRI%HHWKRYHQ:HEHU0R]DUW+D\GQ*UHWU\
DQG3RUSRUD2QWKHZDOOVRYHUWKHGRRUVRQWKHFHLOLQJ
ZHUHVZRUGVGDJJHUV0DOD\FUHHVHVPDFHVEDWWOHD[HV
JLOGHGGDPDVNHGDQGLQODLGVXLWVRIDUPRUGULHGSODQWV
PLQHUDOVDQGVWXIIHGELUGVWKHLUIODPHFRORUHGZLQJV
RXWVSUHDGLQPRWLRQOHVVIOLJKWDQGWKHLUEHDNVIRUHYHU
RSHQ7KLVZDV$OEHUW
VIDYRULWHORXQJLQJSODFH
+RZHYHUWKHPRUQLQJRIWKHDSSRLQWPHQWWKH\RXQJPDQKDG
HVWDEOLVKHGKLPVHOILQWKHVPDOOVDORQGRZQVWDLUV7KHUH
RQDWDEOHVXUURXQGHGDWVRPHGLVWDQFHE\DODUJHDQG
OX[XULRXVGLYDQHYHU\VSHFLHVRIWREDFFRNQRZQIURPWKH
\HOORZWREDFFRRI3HWHUVEXUJWRWKHEODFNRI6LQDLDQGVR
RQDORQJWKHVFDOHIURP0DU\ODQGDQG3RUWR5LFRWR/DWDNLD
ZDVH[SRVHGLQSRWVRIFUDFNOHGHDUWKHQZDUHRIZKLFKWKH
'XWFKDUHVRIRQGEHVLGHWKHPLQER[HVRIIUDJUDQWZRRG
ZHUHUDQJHGDFFRUGLQJWRWKHLUVL]HDQGTXDOLW\SXHURV
UHJDOLDVKDYDQDVDQGPDQLOODVDQGLQDQRSHQFDELQHWD
FROOHFWLRQRI*HUPDQSLSHVRIFKLERXTXHVZLWKWKHLUDPEHU
PRXWKSLHFHVRUQDPHQWHGZLWKFRUDODQGRIQDUJKLOHVZLWK
WKHLUORQJWXEHVRIPRURFFRDZDLWLQJWKHFDSULFHRUWKH
V\PSDWK\RIWKHVPRNHUV$OEHUWKDGKLPVHOISUHVLGHGDWWKH
DUUDQJHPHQWRUUDWKHUWKHV\PPHWULFDOGHUDQJHPHQWZKLFK
DIWHUFRIIHHWKHJXHVWVDWDEUHDNIDVWRIPRGHUQGD\VORYH
WRFRQWHPSODWHWKURXJKWKHYDSRUWKDWHVFDSHVIURPWKHLU
PRXWKVDQGDVFHQGVLQORQJDQGIDQFLIXOZUHDWKVWRWKH
FHLOLQJ$WDTXDUWHUWRWHQDYDOHWHQWHUHGKHFRPSRVHG
ZLWKDOLWWOHJURRPQDPHG-RKQDQGZKRRQO\VSRNH(QJOLVK
DOO$OEHUW
VHVWDEOLVKPHQWDOWKRXJKWKHFRRNRIWKHKRWHO
ZDVDOZD\VDWKLVVHUYLFHDQGRQJUHDWRFFDVLRQVWKH
FRXQW
VFKDVVHXUDOVR7KLVYDOHWZKRVHQDPHZDV*HUPDLQ
DQGZKRHQMR\HGWKHHQWLUHFRQILGHQFHRIKLV\RXQJPDVWHU
KHOGLQRQHKDQGDQXPEHURISDSHUVDQGLQWKHRWKHUD
SDFNHWRIOHWWHUVZKLFKKHJDYHWR$OEHUW$OEHUWJODQFHG
FDUHOHVVO\DWWKHGLIIHUHQWPLVVLYHVVHOHFWHGWZRZULWWHQ
LQDVPDOODQGGHOLFDWHKDQGDQGHQFORVHGLQVFHQWHG
HQYHORSHVRSHQHGWKHPDQGSHUXVHGWKHLUFRQWHQWVZLWKVRPH
DWWHQWLRQ+RZGLGWKHVHOHWWHUVFRPH"VDLGKH
2QHE\WKHSRVW0DGDPH'DQJODUV
IRRWPDQOHIWWKHRWKHU
/HW0DGDPH'DQJODUVNQRZWKDW,DFFHSWWKHSODFHVKHRIIHUV
PHLQKHUER[:DLWWKHQGXULQJWKHGD\WHOO5RVDWKDW
ZKHQ,OHDYHWKH2SHUD,ZLOOVXSZLWKKHUDVVKHZLVKHV

491

7DNHKHUVL[ERWWOHVRIGLIIHUHQWZLQH&\SUXVVKHUU\
DQG0DODJDDQGDEDUUHORI2VWHQGR\VWHUVJHWWKHPDW
%RUHO
VDQGEHVXUH\RXVD\WKH\DUHIRUPH
$WZKDWR
FORFNVLUGR\RXEUHDNIDVW"
:KDWWLPHLVLWQRZ"
$TXDUWHUWRWHQ
9HU\ZHOODWKDOISDVWWHQ'HEUD\ZLOOSHUKDSVEH
REOLJHGWRJRWRWKHPLQLVWHUDQGEHVLGHV $OEHUWORRNHG
DWKLVWDEOHWV LWLVWKHKRXU,WROGWKHFRXQWVW0D\
DWKDOISDVWWHQDQGWKRXJK,GRQRWPXFKUHO\XSRQKLV
SURPLVH,ZLVKWREHSXQFWXDO,VWKHFRXQWHVVXS\HW"
,I\RXZLVK,ZLOOLQTXLUH
<HVDVNKHUIRURQHRIKHUOLTXHXUFHOODUHWVPLQHLV
LQFRPSOHWHDQGWHOOKHU,VKDOOKDYHWKHKRQRURIVHHLQJ
KHUDERXWWKUHHR
FORFNDQGWKDW,UHTXHVWSHUPLVVLRQWR
LQWURGXFHVRPHRQHWRKHU7KHYDOHWOHIWWKHURRP$OEHUW
WKUHZKLPVHOIRQWKHGLYDQWRUHRIIWKHFRYHURIWZRRU
WKUHHRIWKHSDSHUVORRNHGDWWKHWKHDWUHDQQRXQFHPHQWV
PDGHDIDFHVHHLQJWKH\JDYHDQRSHUDDQGQRWDEDOOHW
KXQWHGYDLQO\DPRQJVWWKHDGYHUWLVHPHQWVIRUDQHZ
WRRWKSRZGHURIZKLFKKHKDGKHDUGDQGWKUHZGRZQRQH
DIWHUWKHRWKHUWKHWKUHHOHDGLQJSDSHUVRI3DULV
PXWWHULQJ7KHVHSDSHUVEHFRPHPRUHDQGPRUHVWXSLGHYHU\
GD\$PRPHQWDIWHUDFDUULDJHVWRSSHGEHIRUHWKHGRRU
DQGWKHVHUYDQWDQQRXQFHG0/XFLHQ'HEUD\$WDOO\RXQJ
PDQZLWKOLJKWKDLUFOHDUJUD\H\HVDQGWKLQDQG
FRPSUHVVHGOLSVGUHVVHGLQDEOXHFRDWZLWKEHDXWLIXOO\
FDUYHGJROGEXWWRQVDZKLWHQHFNFORWKDQGDWRUWRLVHVKHOO
H\HJODVVVXVSHQGHGE\DVLONHQWKUHDGDQGZKLFKE\DQ
HIIRUWRIWKHVXSHUFLOLDU\DQG]\JRPDWLFPXVFOHVKHIL[HG
LQKLVH\HHQWHUHGZLWKDKDOIRIILFLDODLUZLWKRXW
VPLOLQJRUVSHDNLQJ*RRGPRUQLQJ/XFLHQJRRGPRUQLQJ
VDLG$OEHUW\RXUSXQFWXDOLW\UHDOO\DODUPVPH:KDWGR,
VD\"SXQFWXDOLW\<RXZKRP,H[SHFWHGODVW\RXDUULYHDW
ILYHPLQXWHVWRWHQZKHQWKHWLPHIL[HGZDVKDOISDVW+DV
WKHPLQLVWU\UHVLJQHG"
1RP\GHDUIHOORZUHWXUQHGWKH\RXQJPDQVHDWLQJ

492

KLPVHOIRQWKHGLYDQUHDVVXUH\RXUVHOIZHDUHWRWWHULQJ
DOZD\VEXWZHQHYHUIDOODQG,EHJLQWREHOLHYHWKDWZH
VKDOOSDVVLQWRDVWDWHRILPPRELOLW\DQGWKHQWKHDIIDLUV
RIWKH3HQLQVXODZLOOFRPSOHWHO\FRQVROLGDWHXV
$KWUXH\RXGULYH'RQ&DUORVRXWRI6SDLQ
1RQRP\GHDUIHOORZGRQRWFRQIRXQGRXUSODQV:HWDNH
KLPWRWKHRWKHUVLGHRIWKH)UHQFKIURQWLHUDQGRIIHUKLP
KRVSLWDOLW\DW%RXUJHV
$W%RXUJHV"
<HVKHKDVQRWPXFKWRFRPSODLQRI%RXUJHVLVWKHFDSLWDO
RI&KDUOHV9,,'R\RXQRWNQRZWKDWDOO3DULVNQHZLW
\HVWHUGD\DQGWKHGD\EHIRUHLWKDGDOUHDG\WUDQVSLUHGRQ
WKH%RXUVHDQG0'DQJODUV ,GRQRWNQRZE\ZKDWPHDQV
WKDWPDQFRQWULYHVWRREWDLQLQWHOOLJHQFHDVVRRQDVZHGR
PDGHDPLOOLRQ
$QG\RXDQRWKHURUGHUIRU,VHH\RXKDYHDEOXHULEERQDW
\RXUEXWWRQKROH
<HVWKH\VHQWPHWKHRUGHURI&KDUOHV,,,UHWXUQHG
'HEUD\FDUHOHVVO\
&RPHGRQRWDIIHFWLQGLIIHUHQFHEXWFRQIHVV\RXZHUH
SOHDVHGWRKDYHLW
2KLWLVYHU\ZHOODVDILQLVKWRWKHWRLOHW,WORRNV
YHU\QHDWRQDEODFNFRDWEXWWRQHGXS
$QGPDNHV\RXUHVHPEOHWKH3ULQFHRI:DOHVRUWKH'XNHRI
5HLFKVWDGW
,WLVIRUWKDWUHDVRQ\RXVHHPHVRHDUO\
%HFDXVH\RXKDYHWKHRUGHURI&KDUOHV,,,DQG\RXZLVKWR
DQQRXQFHWKHJRRGQHZVWRPH"
1REHFDXVH,SDVVHGWKHQLJKWZULWLQJOHWWHUVILYHDQG
WZHQW\GHVSDWFKHV,UHWXUQHGKRPHDWGD\EUHDNDQGVWURYH
WRVOHHSEXWP\KHDGDFKHGDQG,JRWXSWRKDYHDULGHIRU
DQKRXU$WWKH%RLVGH%RXORJQHHQQXLDQGKXQJHUDWWDFNHG

493

PHDWRQFHWZRHQHPLHVZKRUDUHO\DFFRPSDQ\HDFKRWKHU
DQGZKRDUH\HWOHDJXHGDJDLQVWPHDVRUWRI
&DUORUHSXEOLFDQDOOLDQFH,WKHQUHFROOHFWHG\RXJDYHD
EUHDNIDVWWKLVPRUQLQJDQGKHUH,DP,DPKXQJU\IHHGPH
,DPERUHGDPXVHPH
,WLVP\GXW\DV\RXUKRVWUHWXUQHG$OEHUWULQJLQJWKH
EHOOZKLOH/XFLHQWXUQHGRYHUZLWKKLVJROGPRXQWHGFDQH
WKHSDSHUVWKDWOD\RQWKHWDEOH*HUPDLQDJODVVRI
VKHUU\DQGDELVFXLW,QWKHPHDQWLPHP\GHDU/XFLHQKHUH
DUHFLJDUVFRQWUDEDQGRIFRXUVHWU\WKHPDQG
SHUVXDGHWKHPLQLVWHUWRVHOOXVVXFKLQVWHDGRISRLVRQLQJ
XVZLWKFDEEDJHOHDYHV
3HVWH,ZLOOGRQRWKLQJRIWKHNLQGWKHPRPHQWWKH\FRPH
IURPJRYHUQPHQW\RXZRXOGILQGWKHPH[HFUDEOH%HVLGHVWKDW
GRHVQRWFRQFHUQWKHKRPHEXWWKHILQDQFLDOGHSDUWPHQW
$GGUHVV\RXUVHOIWR0+XPDQQVHFWLRQRIWKHLQGLUHFW
FRQWULEXWLRQVFRUULGRU$1R
2QP\ZRUGVDLG$OEHUW\RXDVWRQLVKPHE\WKHH[WHQWRI
\RXUNQRZOHGJH7DNHDFLJDU
5HDOO\P\GHDU$OEHUWUHSOLHG/XFLHQOLJKWLQJDPDQLOOD
DWDURVHFRORUHGWDSHUWKDWEXUQWLQDEHEHDXWLIXOO\
HQDPHOOHGVWDQGKRZKDSS\\RXDUHWRKDYHQRWKLQJWRGR
<RXGRQRWNQRZ\RXURZQJRRGIRUWXQH
$QGZKDWZRXOG\RXGRP\GHDUGLSORPDWLVWUHSOLHG
0RUFHUIZLWKDVOLJKWGHJUHHRILURQ\LQKLVYRLFHLI\RX
GLGQRWKLQJ":KDW"SULYDWHVHFUHWDU\WRDPLQLVWHUSOXQJHG
DWRQFHLQWR(XURSHDQFDEDOVDQG3DULVLDQLQWULJXHVKDYLQJ
NLQJVDQGEHWWHUVWLOOTXHHQVWRSURWHFWSDUWLHVWR
XQLWHHOHFWLRQVWRGLUHFWPDNLQJPRUHXVHRI\RXUFDELQHW
ZLWK\RXUSHQDQG\RXUWHOHJUDSKWKDQ1DSROHRQGLGRIKLV
EDWWOHILHOGVZLWKKLVVZRUGDQGKLVYLFWRULHVSRVVHVVLQJ
ILYHDQGWZHQW\WKRXVDQGIUDQFVD\HDUEHVLGHV\RXUSODFH
DKRUVHIRUZKLFK&KDWHDX5HQDXGRIIHUHG\RXIRXUKXQGUHG
ORXLVDQGZKLFK\RXZRXOGQRWSDUWZLWKDWDLORUZKRQHYHU
GLVDSSRLQWV\RXZLWKWKHRSHUDWKHMRFNH\FOXEDQGRWKHU
GLYHUVLRQVFDQ\RXQRWDPXVH\RXUVHOI":HOO,ZLOODPXVH
\RX
+RZ"

494

%\LQWURGXFLQJWR\RXDQHZDFTXDLQWDQFH
$PDQRUDZRPDQ"
$PDQ
,NQRZVRPDQ\PHQDOUHDG\
%XW\RXGRQRWNQRZWKLVPDQ
:KHUHGRHVKHFRPHIURPWKHHQGRIWKHZRUOG"
)DUWKHUVWLOOSHUKDSV
7KHGHXFH,KRSHKHGRHVQRWEULQJRXUEUHDNIDVWZLWK
KLP
2KQRRXUEUHDNIDVWFRPHVIURPP\IDWKHU
VNLWFKHQ$UH
\RXKXQJU\"
+XPLOLDWLQJDVVXFKDFRQIHVVLRQLV,DP%XW,GLQHGDW
0GH9LOOHIRUW
VDQGODZ\HUVDOZD\VJLYH\RXYHU\EDG
GLQQHUV<RXZRXOGWKLQNWKH\IHOWVRPHUHPRUVHGLG\RX
HYHUUHPDUNWKDW"
$KGHSUHFLDWHRWKHUSHUVRQV
GLQQHUV\RXPLQLVWHUVJLYH
VXFKVSOHQGLGRQHV
<HVEXWZHGRQRWLQYLWHSHRSOHRIIDVKLRQ,IZHZHUHQRW
IRUFHGWRHQWHUWDLQDSDUFHORIFRXQWU\ERRELHVEHFDXVHWKH\
WKLQNDQGYRWHZLWKXVZHVKRXOGQHYHUGUHDPRIGLQLQJDW
KRPH,DVVXUH\RX
:HOOWDNHDQRWKHUJODVVRIVKHUU\DQGDQRWKHUELVFXLW
:LOOLQJO\<RXU6SDQLVKZLQHLVH[FHOOHQW<RXVHHZHZHUH
TXLWHULJKWWRSDFLI\WKDWFRXQWU\
<HVEXW'RQ&DUORV"
:HOO'RQ&DUORVZLOOGULQN%RUGHDX[DQGLQWHQ\HDUVZH
ZLOOPDUU\KLVVRQWRWKHOLWWOHTXHHQ

495

<RXZLOOWKHQREWDLQWKH*ROGHQ)OHHFHLI\RXDUHVWLOOLQ
WKHPLQLVWU\
,WKLQN$OEHUW\RXKDYHDGRSWHGWKHV\VWHPRIIHHGLQJPH
RQVPRNHWKLVPRUQLQJ
:HOO\RXPXVWDOORZLWLVWKHEHVWWKLQJIRUWKHVWRPDFK
EXW,KHDU%HDXFKDPSLQWKHQH[WURRP\RXFDQGLVSXWH
WRJHWKHUDQGWKDWZLOOSDVVDZD\WKHWLPH
$ERXWZKDW"
$ERXWWKHSDSHUV
0\GHDUIULHQGVDLG/XFLHQZLWKDQDLURIVRYHUHLJQ
FRQWHPSWGR,HYHUUHDGWKHSDSHUV"
7KHQ\RXZLOOGLVSXWHWKHPRUH
0%HDXFKDPSDQQRXQFHGWKHVHUYDQW&RPHLQFRPHLQ
VDLG$OEHUWULVLQJDQGDGYDQFLQJWRPHHWWKH\RXQJPDQ
+HUHLV'HEUD\ZKRGHWHVWV\RXZLWKRXWUHDGLQJ\RXVRKH
VD\V
+HLVTXLWHULJKWUHWXUQHG%HDXFKDPSIRU,FULWLFLVH
KLPZLWKRXWNQRZLQJZKDWKHGRHV*RRGGD\FRPPDQGHU
$K\RXNQRZWKDWDOUHDG\VDLGWKHSULYDWHVHFUHWDU\
VPLOLQJDQGVKDNLQJKDQGVZLWKKLP
3DUGLHX"
$QGZKDWGRWKH\VD\RILWLQWKHZRUOG"
,QZKLFKZRUOG"ZHKDYHVRPDQ\ZRUOGVLQWKH\HDURIJUDFH

,QWKHHQWLUHSROLWLFDOZRUOGRIZKLFK\RXDUHRQHRIWKH
OHDGHUV
7KH\VD\WKDWLWLVTXLWHIDLUDQGWKDWVRZLQJVRPXFK
UHG\RXRXJKWWRUHDSDOLWWOHEOXH
&RPHFRPHWKDWLVQRWEDGVDLG/XFLHQ:K\GR\RXQRW

496

MRLQRXUSDUW\P\GHDU%HDXFKDPS":LWK\RXUWDOHQWV\RX
ZRXOGPDNH\RXUIRUWXQHLQWKUHHRUIRXU\HDUV
,RQO\DZDLWRQHWKLQJEHIRUHIROORZLQJ\RXUDGYLFHWKDW
LVDPLQLVWHUZKRZLOOKROGRIILFHIRUVL[PRQWKV0\GHDU
$OEHUWRQHZRUGIRU,PXVWJLYHSRRU/XFLHQDUHVSLWH'R
ZHEUHDNIDVWRUGLQH",PXVWJRWRWKH&KDPEHUIRURXUOLIH
LVQRWDQLGOHRQH
<RXRQO\EUHDNIDVW,DZDLWWZRSHUVRQVDQGWKHLQVWDQW
WKH\DUULYHZHVKDOOVLWGRZQWRWDEOH

&KDSWHU
7KH%UHDNIDVW
$QGZKDWVRUWRISHUVRQVGR\RXH[SHFWWREUHDNIDVW"VDLG
%HDXFKDPS
$JHQWOHPDQDQGDGLSORPDWLVW
7KHQZHVKDOOKDYHWRZDLWWZRKRXUVIRUWKHJHQWOHPDQDQG
WKUHHIRUWKHGLSORPDWLVW,VKDOOFRPHEDFNWRGHVVHUW
NHHSPHVRPHVWUDZEHUULHVFRIIHHDQGFLJDUV,VKDOOWDNH
DFXWOHWRQP\ZD\WRWKH&KDPEHU
'RQRWGRDQ\WKLQJRIWKHVRUWIRUZHUHWKHJHQWOHPDQD
0RQWPRUHQF\DQGWKHGLSORPDWLVWD0HWWHUQLFKZHZLOO
EUHDNIDVWDWHOHYHQLQWKHPHDQWLPHIROORZ'HEUD\
V
H[DPSOHDQGWDNHDJODVVRIVKHUU\DQGDELVFXLW
%HLWVR,ZLOOVWD\,PXVWGRVRPHWKLQJWRGLVWUDFWP\
WKRXJKWV
<RXDUHOLNH'HEUD\DQG\HWLWVHHPVWRPHWKDWZKHQWKH
PLQLVWHULVRXWRIVSLULWVWKHRSSRVLWLRQRXJKWWREH
MR\RXV
$K\RXGRQRWNQRZZLWKZKDW,DPWKUHDWHQHG,VKDOOKHDU
WKLVPRUQLQJWKDW0'DQJODUVPDNHDVSHHFKDWWKH&KDPEHU
RI'HSXWLHVDQGDWKLVZLIH
VWKLVHYHQLQJ,VKDOOKHDUWKH
WUDJHG\RIDSHHURI)UDQFH7KHGHYLOWDNHWKH
FRQVWLWXWLRQDOJRYHUQPHQWDQGVLQFHZHKDGRXUFKRLFHDV

497

WKH\VD\DWOHDVWKRZFRXOGZHFKRRVHWKDW"
,XQGHUVWDQG\RXPXVWOD\LQDVWRFNRIKLODULW\
'RQRWUXQGRZQ0'DQJODUV
VSHHFKHVVDLG'HEUD\KH
YRWHVIRU\RXIRUKHEHORQJVWRWKHRSSRVLWLRQ
3DUGLHXWKDWLVH[DFWO\WKHZRUVWRIDOO,DPZDLWLQJ
XQWLO\RXVHQGKLPWRVSHDNDWWKH/X[HPERXUJWRODXJKDW
P\HDVH
0\GHDUIULHQGVDLG$OEHUWWR%HDXFKDPSLWLVSODLQ
WKDWWKHDIIDLUVRI6SDLQDUHVHWWOHGIRU\RXDUHPRVW
GHVSHUDWHO\RXWRIKXPRUWKLVPRUQLQJ5HFROOHFWWKDW
3DULVLDQJRVVLSKDVVSRNHQRIDPDUULDJHEHWZHHQP\VHOIDQG
0OOH(XJHQLH'DQJODUV,FDQQRWLQFRQVFLHQFHWKHUHIRUH
OHW\RXUXQGRZQWKHVSHHFKHVRIDPDQZKRZLOORQHGD\VD\
WRPHC9LFRPWH\RXNQRZ,JLYHP\GDXJKWHUWZRPLOOLRQV

$KWKLVPDUULDJHZLOOQHYHUWDNHSODFHVDLG%HDXFKDPS
7KHNLQJKDVPDGHKLPDEDURQDQGFDQPDNHKLPDSHHUEXW
KHFDQQRWPDNHKLPDJHQWOHPDQDQGWKH&RXQWRI0RUFHUILV
WRRDULVWRFUDWLFWRFRQVHQWIRUWKHSDOWU\VXPRIWZR
PLOOLRQIUDQFVWRDPHVDOOLDQFH7KH9LVFRXQWRI0RUFHUI
FDQRQO\ZHGDPDUFKLRQHVV
%XWWZRPLOOLRQIUDQFVPDNHDQLFHOLWWOHVXPUHSOLHG
0RUFHUI
,WLVWKHVRFLDOFDSLWDORIDWKHDWUHRQWKHERXOHYDUGRU
DUDLOURDGIURPWKH-DUGLQGHV3ODQWHVWR/D5DSHH
1HYHUPLQGZKDWKHVD\V0RUFHUIVDLG'HEUD\GR\RX
PDUU\KHU<RXPDUU\DPRQH\EDJODEHOLWLVWUXHZHOO
EXWZKDWGRHVWKDWPDWWHU",WLVEHWWHUWRKDYHDEOD]RQ
OHVVDQGDILJXUHPRUHRQLW<RXKDYHVHYHQPDUWOHWVRQ
\RXUDUPVJLYHWKUHHWR\RXUZLIHDQG\RXZLOOVWLOOKDYH
IRXUWKDWLVRQHPRUHWKDQ0GH*XLVHKDGZKRVRQHDUO\
EHFDPH.LQJRI)UDQFHDQGZKRVHFRXVLQZDV(PSHURURI
*HUPDQ\
2QP\ZRUG,WKLQN\RXDUHULJKW/XFLHQVDLG$OEHUW
DEVHQWO\

498

7REHVXUHEHVLGHVHYHU\PLOOLRQDLUHLVDVQREOHDVD
EDVWDUGWKDWLVKHFDQEH
'RQRWVD\WKDW'HEUD\UHWXUQHG%HDXFKDPSODXJKLQJ
IRUKHUHLV&KDWHDX5HQDXGZKRWRFXUH\RXRI\RXUPDQLD
IRUSDUDGR[HVZLOOSDVVWKHVZRUGRI5HQDXGGH0RQWDXEDQ
KLVDQFHVWRUWKURXJK\RXUERG\
+HZLOOVXOO\LWWKHQUHWXUQHG/XFLHQIRU,DPORZ
YHU\ORZ
2KKHDYHQVFULHG%HDXFKDPSWKHPLQLVWHUTXRWHV
%HUDQJHUZKDWVKDOOZHFRPHWRQH[W"
0GH&KDWHDX5HQDXG00D[LPLOLDQ0RUUHOVDLGWKH
VHUYDQWDQQRXQFLQJWZRIUHVKJXHVWV
1RZWKHQWREUHDNIDVWVDLG%HDXFKDPSIRULI,
UHPHPEHU\RXWROGPH\RXRQO\H[SHFWHGWZRSHUVRQV
$OEHUW
0RUUHOPXWWHUHG$OEHUW0RUUHOZKRLVKH"%XW
EHIRUHKHKDGILQLVKHG0GH&KDWHDX5HQDXGDKDQGVRPH
\RXQJPDQRIWKLUW\JHQWOHPDQDOORYHUWKDWLVZLWK
WKHILJXUHRID*XLFKHDQGWKHZLWRID0RUWHPDUWWRRN
$OEHUW
VKDQG0\GHDU$OEHUWVDLGKHOHWPHLQWURGXFH
WR\RX00D[LPLOLDQ0RUUHOFDSWDLQRI6SDKLVP\IULHQG
DQGZKDWLVPRUHKRZHYHUWKHPDQVSHDNVIRUKLPVHOIP\
SUHVHUYHU6DOXWHP\KHURYLVFRXQW$QGKHVWHSSHGRQRQH
VLGHWRJLYHSODFHWRD\RXQJPDQRIUHILQHGDQGGLJQLILHG
EHDULQJZLWKODUJHDQGRSHQEURZSLHUFLQJH\HVDQGEODFN
PXVWDFKHZKRPRXUUHDGHUVKDYHDOUHDG\VHHQDW0DUVHLOOHV
XQGHUFLUFXPVWDQFHVVXIILFLHQWO\GUDPDWLFQRWWREH
IRUJRWWHQ$ULFKXQLIRUPKDOI)UHQFKKDOI2ULHQWDOVHW
RIIKLVJUDFHIXODQGVWDOZDUWILJXUHDQGKLVEURDGFKHVW
ZDVGHFRUDWHGZLWKWKHRUGHURIWKH/HJLRQRI+RQRU7KH
\RXQJRIILFHUERZHGZLWKHDV\DQGHOHJDQWSROLWHQHVV
0RQVLHXUVDLG$OEHUWZLWKDIIHFWLRQDWHFRXUWHV\WKH
FRXQWRI&KDWHDX5HQDXGNQHZKRZPXFKSOHDVXUHWKLV
LQWURGXFWLRQZRXOGJLYHPH\RXDUHKLVIULHQGEHRXUV
DOVR
:HOOVDLGLQWHUUXSWHG&KDWHDX5HQDXGDQGSUD\WKDWLI
\RXVKRXOGHYHUEHLQDVLPLODUSUHGLFDPHQWKHPD\GRDV

499

PXFKIRU\RXDVKHGLGIRUPH
:KDWKDVKHGRQH"DVNHG$OEHUW
2KQRWKLQJZRUWKVSHDNLQJRIVDLG0RUUHO0GH
&KDWHDX5HQDXGH[DJJHUDWHV
1RWZRUWKVSHDNLQJRI"FULHG&KDWHDX5HQDXGOLIHLVQRW
ZRUWKVSHDNLQJRIWKDWLVUDWKHUWRRSKLORVRSKLFDORQ
P\ZRUG0RUUHO,WLVYHU\ZHOOIRU\RXZKRULVN\RXUOLIH
HYHU\GD\EXWIRUPHZKRRQO\GLGVRRQFH
:HJDWKHUIURPDOOWKLVEDURQWKDW&DSWDLQ0RUUHOVDYHG
\RXUOLIH
([DFWO\VR
2QZKDWRFFDVLRQ"DVNHG%HDXFKDPS
%HDXFKDPSP\JRRGIHOORZ\RXNQRZ,DPVWDUYLQJVDLG
'HEUD\GRQRWVHWKLPRIIRQVRPHORQJVWRU\
:HOO,GRQRWSUHYHQW\RXUVLWWLQJGRZQWRWDEOHUHSOLHG
%HDXFKDPS&KDWHDX5HQDXGFDQWHOOXVZKLOHZHHDWRXU
EUHDNIDVW
*HQWOHPHQVDLG0RUFHUILWLVRQO\DTXDUWHUSDVWWHQ
DQG,H[SHFWVRPHRQHHOVH
$KWUXHDGLSORPDWLVWREVHUYHG'HEUD\
'LSORPDWRUQRW,GRQ
WNQRZ,RQO\NQRZWKDWKHFKDUJHG
KLPVHOIRQP\DFFRXQWZLWKDPLVVLRQZKLFKKHWHUPLQDWHGVR
HQWLUHO\WRP\VDWLVIDFWLRQWKDWKDG,EHHQNLQJ,VKRXOG
KDYHLQVWDQWO\FUHDWHGKLPNQLJKWRIDOOP\RUGHUVHYHQKDG
,EHHQDEOHWRRIIHUKLPWKH*ROGHQ)OHHFHDQGWKH*DUWHU
:HOOVLQFHZHDUHQRWWRVLWGRZQWRWDEOHVDLG'HEUD\
WDNHDJODVVRIVKHUU\DQGWHOOXVDOODERXWLW
<RXDOONQRZWKDW,KDGWKHIDQF\RIJRLQJWR$IULFD
,WLVDURDG\RXUDQFHVWRUVKDYHWUDFHGIRU\RXVDLG
$OEHUWJDOODQWO\

500

<HV"EXW,GRXEWWKDW\RXUREMHFWZDVOLNHWKHLUVWR
UHVFXHWKH+RO\6HSXOFKUH
<RXDUHTXLWHULJKW%HDXFKDPSREVHUYHGWKH\RXQJ
DULVWRFUDW,WZDVRQO\WRILJKWDVDQDPDWHXU,FDQQRW
EHDUGXHOOLQJVLQFHWZRVHFRQGVZKRP,KDGFKRVHQWR
DUUDQJHDQDIIDLUIRUFHGPHWREUHDNWKHDUPRIRQHRIP\
EHVWIULHQGVRQHZKRP\RXDOONQRZSRRU)UDQ]G
(SLQD\
$KWUXHVDLG'HEUD\\RXGLGILJKWVRPHWLPHDJRDERXW
ZKDW"
7KHGHYLOWDNHPHLI,UHPHPEHUUHWXUQHG&KDWHDX5HQDXG
%XW,UHFROOHFWSHUIHFWO\RQHWKLQJWKDWEHLQJXQZLOOLQJ
WROHWVXFKWDOHQWVDVPLQHVOHHS,ZLVKHGWRWU\XSRQWKH
$UDEVWKHQHZSLVWROVWKDWKDGEHHQJLYHQWRPH,Q
FRQVHTXHQFH,HPEDUNHGIRU2UDQDQGZHQWIURPWKHQFHWR
&RQVWDQWLQHZKHUH,DUULYHGMXVWLQWLPHWRZLWQHVVWKH
UDLVLQJRIWKHVLHJH,UHWUHDWHGZLWKWKHUHVWIRUHLJKW
DQGIRUW\KRXUV,HQGXUHGWKHUDLQGXULQJWKHGD\DQGWKH
FROGGXULQJWKHQLJKWWROHUDEO\ZHOOEXWWKHWKLUGPRUQLQJ
P\KRUVHGLHGRIFROG3RRUEUXWHDFFXVWRPHGWREH
FRYHUHGXSDQGWRKDYHDVWRYHLQWKHVWDEOHWKH$UDELDQ
ILQGVKLPVHOIXQDEOHWREHDUWHQGHJUHHVRIFROGLQ$UDELD
7KDW
VZK\\RXZDQWWRSXUFKDVHP\(QJOLVKKRUVHVDLG
'HEUD\\RXWKLQNKHZLOOEHDUWKHFROGEHWWHU
<RXDUHPLVWDNHQIRU,KDYHPDGHDYRZQHYHUWRUHWXUQWR
$IULFD
<RXZHUHYHU\PXFKIULJKWHQHGWKHQ"DVNHG%HDXFKDPS
:HOO\HVDQG,KDGJRRGUHDVRQWREHVRUHSOLHG
&KDWHDX5HQDXG,ZDVUHWUHDWLQJRQIRRWIRUP\KRUVHZDV
GHDG6L[$UDEVFDPHXSIXOOJDOORSWRFXWRIIP\KHDG,
VKRWWZRZLWKP\GRXEOHEDUUHOOHGJXQDQGWZRPRUHZLWKP\
SLVWROVEXW,ZDVWKHQGLVDUPHGDQGWZRZHUHVWLOOOHIW
RQHVHL]HGPHE\WKHKDLU WKDWLVZK\,QRZZHDULWVR
VKRUWIRUQRRQHNQRZVZKDWPD\KDSSHQ WKHRWKHUVZXQJD
\DWDJKDQDQG,DOUHDG\IHOWWKHFROGVWHHORQP\QHFNZKHQ
WKLVJHQWOHPDQZKRP\RXVHHKHUHFKDUJHGWKHPVKRWWKHRQH
ZKRKHOGPHE\WKHKDLUDQGFOHIWWKHVNXOORIWKHRWKHU

501

ZLWKKLVVDEUH+HKDGDVVLJQHGKLPVHOIWKHWDVNRIVDYLQJD
PDQ
VOLIHWKDWGD\FKDQFHFDXVHGWKDWPDQWREHP\VHOI
:KHQ,DPULFK,ZLOORUGHUDVWDWXHRI&KDQFHIURP.ODJPDQQ
RU0DURFKHWWL
<HVVDLG0RUUHOVPLOLQJLWZDVWKHWKRI6HSWHPEHU
WKHDQQLYHUVDU\RIWKHGD\RQZKLFKP\IDWKHUZDV
PLUDFXORXVO\SUHVHUYHGWKHUHIRUHDVIDUDVLWOLHVLQP\
SRZHU,HQGHDYRUWRFHOHEUDWHLWE\VRPH
+HURLFDFWLRQLQWHUUXSWHG&KDWHDX5HQDXG,ZDVFKRVHQ
%XWWKDWLVQRWDOODIWHUUHVFXLQJPHIURPWKHVZRUGKH
UHVFXHGPHIURPWKHFROGQRWE\VKDULQJKLVFORDNZLWKPH
OLNH6W0DUWLQEXWE\JLYLQJPHWKHZKROHWKHQIURP
KXQJHUE\VKDULQJZLWKPHJXHVVZKDW"
$6WUDVERXUJSLH"DVNHG%HDXFKDPS
1RKLVKRUVHRIZKLFKZHHDFKRIXVDWHDVOLFHZLWKD
KHDUW\DSSHWLWH,WZDVYHU\KDUG
7KHKRUVH"VDLG0RUFHUIODXJKLQJ
1RWKHVDFULILFHUHWXUQHG&KDWHDX5HQDXGDVN'HEUD\LI
KHZRXOGVDFULILFHKLV(QJOLVKVWHHGIRUDVWUDQJHU"
1RWIRUDVWUDQJHUVDLG'HEUD\EXWIRUDIULHQG,
PLJKWSHUKDSV
,GLYLQHGWKDW\RXZRXOGEHFRPHPLQHFRXQWUHSOLHG
0RUUHOEHVLGHVDV,KDGWKHKRQRUWRWHOO\RXKHURLVPRU
QRWVDFULILFHRUQRWWKDWGD\,RZHGDQRIIHULQJWREDG
IRUWXQHLQUHFRPSHQVHIRUWKHIDYRUVJRRGIRUWXQHKDGRQ
RWKHUGD\VJUDQWHGWRXV
7KHKLVWRU\WRZKLFK00RUUHODOOXGHVFRQWLQXHG
&KDWHDX5HQDXGLVDQDGPLUDEOHRQHZKLFKKHZLOOWHOO\RX
VRPHGD\ZKHQ\RXDUHEHWWHUDFTXDLQWHGZLWKKLPWRGD\OHW
XVILOORXUVWRPDFKVDQGQRWRXUPHPRULHV:KDWWLPHGR\RX
EUHDNIDVW$OEHUW"
$WKDOISDVWWHQ
3UHFLVHO\"DVNHG'HEUD\WDNLQJRXWKLVZDWFK

502

2K\RXZLOOJLYHPHILYHPLQXWHV
JUDFHUHSOLHG0RUFHUI
IRU,DOVRH[SHFWDSUHVHUYHU
2IZKRP"
2IP\VHOIFULHG0RUFHUISDUEOHXGR\RXWKLQN,FDQQRW
EHVDYHGDVZHOODVDQ\RQHHOVHDQGWKDWWKHUHDUHRQO\
$UDEVZKRFXWRIIKHDGV"2XUEUHDNIDVWLVDSKLODQWKURSLF
RQHDQGZHVKDOOKDYHDWWDEOHDWOHDVW,KRSHVR
WZREHQHIDFWRUVRIKXPDQLW\
:KDWVKDOOZHGR"VDLG'HEUD\ZHKDYHRQO\RQH0RQWK\RQ
SUL]H
:HOOLWZLOOEHJLYHQWRVRPHRQHZKRKDVGRQHQRWKLQJWR
GHVHUYHLWVDLG%HDXFKDPSWKDWLVWKHZD\WKH$FDGHP\
PRVWO\HVFDSHVIURPWKHGLOHPPD
$QGZKHUHGRHVKHFRPHIURP"DVNHG'HEUD\<RXKDYH
DOUHDG\DQVZHUHGWKHTXHVWLRQRQFHEXWVRYDJXHO\WKDW,
YHQWXUHWRSXWLWDVHFRQGWLPH
5HDOO\VDLG$OEHUW,GRQRWNQRZZKHQ,LQYLWHGKLP
WKUHHPRQWKVDJRKHZDVWKHQDW5RPHEXWVLQFHWKDWWLPH
ZKRNQRZVZKHUHKHPD\KDYHJRQH"
$QG\RXWKLQNKLPFDSDEOHRIEHLQJH[DFW"GHPDQGHG'HEUD\
,WKLQNKLPFDSDEOHRIHYHU\WKLQJ
:HOOZLWKWKHILYHPLQXWHV
JUDFHZHKDYHRQO\WHQOHIW
,ZLOOSURILWE\WKHPWRWHOO\RXVRPHWKLQJDERXWP\
JXHVW
,EHJSDUGRQLQWHUUXSWHG%HDXFKDPSDUHWKHUHDQ\
PDWHULDOVIRUDQDUWLFOHLQZKDW\RXDUHJRLQJWRWHOOXV"
<HVDQGIRUDPRVWFXULRXVRQH
*RRQWKHQIRU,VHH,VKDOOQRWJHWWRWKH&KDPEHUWKLV
PRUQLQJDQG,PXVWPDNHXSIRULW

503

,ZDVDW5RPHGXULQJWKHODVW&DUQLYDO
:HNQRZWKDWVDLG%HDXFKDPS
<HVEXWZKDW\RXGRQRWNQRZLVWKDW,ZDVFDUULHGRIIE\
EDQGLWV
7KHUHDUHQREDQGLWVFULHG'HEUD\
<HVWKHUHDUHDQGPRVWKLGHRXVRUUDWKHUPRVWDGPLUDEOH
RQHVIRU,IRXQGWKHPXJO\HQRXJKWRIULJKWHQPH
&RPHP\GHDU$OEHUWVDLG'HEUD\FRQIHVVWKDW\RXUFRRN
LVEHKLQGKDQGWKDWWKHR\VWHUVKDYHQRWDUULYHGIURP2VWHQG
RU0DUHQQHVDQGWKDWOLNH0DGDPHGH0DLQWHQRQ\RXDUH
JRLQJWRUHSODFHWKHGLVKE\DVWRU\6D\VRDWRQFHZHDUH
VXIILFLHQWO\ZHOOEUHGWRH[FXVH\RXDQGWROLVWHQWR\RXU
KLVWRU\IDEXORXVDVLWSURPLVHVWREH
$QG,VD\WR\RXIDEXORXVDVLWPD\VHHP,WHOOLWDVD
WUXHRQHIURPEHJLQQLQJWRHQG7KHEULJDQGVKDGFDUULHGPH
RIIDQGFRQGXFWHGPHWRDJORRP\VSRWFDOOHGWKH&DWDFRPEV
RI6DLQW6HEDVWLDQ
,NQRZLWVDLG&KDWHDX5HQDXG,QDUURZO\HVFDSHG
FDWFKLQJDIHYHUWKHUH
$QG,GLGPRUHWKDQWKDWUHSOLHG0RUFHUIIRU,FDXJKW
RQH,ZDVLQIRUPHGWKDW,ZDVSULVRQHUXQWLO,SDLGWKHVXP
RI5RPDQFURZQVDERXWIUDQFV8QIRUWXQDWHO\
,KDGQRWDERYH,ZDVDWWKHHQGRIP\MRXUQH\DQGRI
P\FUHGLW,ZURWHWR)UDQ]DQGZHUHKHKHUHKHZRXOG
FRQILUPHYHU\ZRUG,ZURWHWKHQWR)UDQ]WKDWLIKHGLG
QRWFRPHZLWKWKHIRXUWKRXVDQGFURZQVEHIRUHVL[DWWHQ
PLQXWHVSDVW,VKRXOGKDYHJRQHWRMRLQWKHEOHVVHGVDLQWV
DQGJORULRXVPDUW\UVLQZKRVHFRPSDQ\,KDGWKHKRQRURI
EHLQJDQG6LJQRU/XLJL9DPSDVXFKZDVWKHQDPHRIWKH
FKLHIRIWKHVHEDQGLWVZRXOGKDYHVFUXSXORXVO\NHSWKLV
ZRUG
%XW)UDQ]GLGFRPHZLWKWKHIRXUWKRXVDQGFURZQVVDLG
&KDWHDX5HQDXG$PDQZKRVHQDPHLV)UDQ]G
(SLQD\RU
$OEHUWGH0RUFHUIKDVQRWPXFKGLIILFXOW\LQSURFXULQJ
WKHP

504

1RKHDUULYHGDFFRPSDQLHGVLPSO\E\WKHJXHVW,DPJRLQJ
WRSUHVHQWWR\RX
$KWKLVJHQWOHPDQLVD+HUFXOHVNLOOLQJ&DFXVD3HUVHXV
IUHHLQJ$QGURPHGD
1RKHLVDPDQDERXWP\RZQVL]H
$UPHGWRWKHWHHWK"
+HKDGQRWHYHQDNQLWWLQJQHHGOH
%XWKHSDLG\RXUUDQVRP"
+HVDLGWZRZRUGVWRWKHFKLHIDQG,ZDVIUHH
$QGWKH\DSRORJL]HGWRKLPIRUKDYLQJFDUULHG\RXRII"
VDLG%HDXFKDPS
-XVWVR
:K\KHLVDVHFRQG$ULRVWR
1RKLVQDPHLVWKH&RXQWRI0RQWH&ULVWR
7KHUHLVQR&RXQWRI0RQWH&ULVWRVDLG'HEUD\
,GRQRWWKLQNVRDGGHG&KDWHDX5HQDXGZLWKWKHDLURID
PDQZKRNQRZVWKHZKROHRIWKH(XURSHDQQRELOLW\SHUIHFWO\
'RHVDQ\RQHNQRZDQ\WKLQJRID&RXQWRI0RQWH&ULVWR"
+HFRPHVSRVVLEO\IURPWKH+RO\/DQGDQGRQHRIKLV
DQFHVWRUVSRVVHVVHG&DOYDU\DVWKH0RUWHPDUWVGLGWKH'HDG
6HD
,WKLQN,FDQDVVLVW\RXUUHVHDUFKHVVDLG0D[LPLOLDQ
0RQWH&ULVWRLVDOLWWOHLVODQG,KDYHRIWHQKHDUGVSRNHQ
RIE\WKHROGVDLORUVP\IDWKHUHPSOR\HGDJUDLQRIVDQG
LQWKHFHQWUHRIWKH0HGLWHUUDQHDQDQDWRPLQWKH
LQILQLWH
3UHFLVHO\FULHG$OEHUW:HOOKHRIZKRP,VSHDNLVWKH

505

ORUGDQGPDVWHURIWKLVJUDLQRIVDQGRIWKLVDWRPKHKDV
SXUFKDVHGWKHWLWOHRIFRXQWVRPHZKHUHLQ7XVFDQ\
+HLVULFKWKHQ"
,EHOLHYHVR
%XWWKDWRXJKWWREHYLVLEOH
7KDWLVZKDWGHFHLYHV\RX'HEUD\
,GRQRWXQGHUVWDQG\RX
+DYH\RXUHDGWKHC$UDELDQ1LJKWV
"
:KDWDTXHVWLRQ
:HOOGR\RXNQRZLIWKHSHUVRQV\RXVHHWKHUHDUHULFKRU
SRRULIWKHLUVDFNVRIZKHDWDUHQRWUXELHVRUGLDPRQGV"
7KH\VHHPOLNHSRRUILVKHUPHQDQGVXGGHQO\WKH\RSHQVRPH
P\VWHULRXVFDYHUQILOOHGZLWKWKHZHDOWKRIWKH,QGLHV
:KLFKPHDQV"
:KLFKPHDQVWKDWP\&RXQWRI0RQWH&ULVWRLVRQHRIWKRVH
ILVKHUPHQ+HKDVHYHQDQDPHWDNHQIURPWKHERRNVLQFHKH
FDOOVKLPVHOI6LQEDGWKH6DLORUDQGKDVDFDYHILOOHGZLWK
JROG
$QG\RXKDYHVHHQWKLVFDYHUQ0RUFHUI"DVNHG%HDXFKDPS
1REXW)UDQ]KDVIRUKHDYHQ
VVDNHQRWDZRUGRIWKLV
EHIRUHKLP)UDQ]ZHQWLQZLWKKLVH\HVEOLQGIROGHGDQGZDV
ZDLWHGRQE\PXWHVDQGE\ZRPHQWRZKRP&OHRSDWUDZDVD
SDLQWHGVWUXPSHW2QO\KHLVQRWTXLWHVXUHDERXWWKHZRPHQ
IRUWKH\GLGQRWFRPHLQXQWLODIWHUKHKDGWDNHQKDVKLVK
VRWKDWZKDWKHWRRNIRUZRPHQPLJKWKDYHEHHQVLPSO\DURZ
RIVWDWXHV
7KHWZR\RXQJPHQORRNHGDW0RUFHUIDVLIWRVD\$UH
\RXPDGRUDUH\RXODXJKLQJDWXV"
$QG,DOVRVDLG0RUUHOWKRXJKWIXOO\KDYHKHDUG
VRPHWKLQJOLNHWKLVIURPDQROGVDLORUQDPHG3HQHORQ

506

$KFULHG$OEHUWLWLVYHU\OXFN\WKDW00RUUHOFRPHV
WRDLGPH\RXDUHYH[HGDUH\RXQRWWKDWKHWKXVJLYHVD
FOHZWRWKHODE\ULQWK"
0\GHDU$OEHUWVDLG'HEUD\ZKDW\RXWHOOXVLVVR
H[WUDRUGLQDU\
$KEHFDXVH\RXUDPEDVVDGRUVDQG\RXUFRQVXOVGRQRWWHOO
\RXRIWKHPWKH\KDYHQRWLPH7KH\DUHWRRPXFKWDNHQXS
ZLWKLQWHUIHULQJLQWKHDIIDLUVRIWKHLUFRXQWU\PHQZKR
WUDYHO
1RZ\RXJHWDQJU\DQGDWWDFNRXUSRRUDJHQWV+RZZLOO\RX
KDYHWKHPSURWHFW\RX"7KH&KDPEHUFXWVGRZQWKHLUVDODULHV
HYHU\GD\VRWKDWQRZWKH\KDYHVFDUFHO\DQ\:LOO\RXEH
DPEDVVDGRU$OEHUW",ZLOOVHQG\RXWR&RQVWDQWLQRSOH
1ROHVWRQWKHILUVWGHPRQVWUDWLRQ,PDNHLQIDYRURI
0HKHPHW$OLWKH6XOWDQVHQGPHWKHERZVWULQJDQGPDNHP\
VHFUHWDULHVVWUDQJOHPH
<RXVD\YHU\WUXHUHVSRQGHG'HEUD\
<HVVDLG$OEHUWEXWWKLVKDVQRWKLQJWRGRZLWKWKH
H[LVWHQFHRIWKH&RXQWRI0RQWH&ULVWR
3DUGLHXHYHU\RQHH[LVWV
'RXEWOHVVEXWQRWLQWKHVDPHZD\HYHU\RQHKDVQRWEODFN
VODYHVDSULQFHO\UHWLQXHDQDUVHQDORIZHDSRQVWKDWZRXOG
GRFUHGLWWRDQ$UDELDQIRUWUHVVKRUVHVWKDWFRVWVL[
WKRXVDQGIUDQFVDSLHFHDQG*UHHNPLVWUHVVHV
+DYH\RXVHHQWKH*UHHNPLVWUHVV"
,KDYHERWKVHHQDQGKHDUGKHU,VDZKHUDWWKHWKHDWUH
DQGKHDUGKHURQHPRUQLQJZKHQ,EUHDNIDVWHGZLWKWKH
FRXQW
+HHDWVWKHQ"
<HVEXWVROLWWOHLWFDQKDUGO\EHFDOOHGHDWLQJ

507

+HPXVWEHDYDPSLUH
/DXJKLI\RXZLOOWKH&RXQWHVV*ZKRNQHZ/RUG
5XWKYHQGHFODUHGWKDWWKHFRXQWZDVDYDPSLUH
$KFDSLWDOVDLG%HDXFKDPS)RUDPDQQRWFRQQHFWHGZLWK
QHZVSDSHUVKHUHLVWKHSHQGDQWWRWKHIDPRXVVHDVHUSHQWRI
WKH&RQVWLWXWLRQQHO
:LOGH\HVWKHLULVRIZKLFKFRQWUDFWVRUGLODWHVDW
SOHDVXUHVDLG'HEUD\IDFLDODQJOHVWURQJO\GHYHORSHG
PDJQLILFHQWIRUHKHDGOLYLGFRPSOH[LRQEODFNEHDUGVKDUS
DQGZKLWHWHHWKSROLWHQHVVXQH[FHSWLRQDEOH
-XVWVR/XFLHQUHWXUQHG0RUFHUI\RXKDYHGHVFULEHGKLP
IHDWXUHIRUIHDWXUH<HVNHHQDQGFXWWLQJSROLWHQHVV7KLV
PDQKDVRIWHQPDGHPHVKXGGHUDQGRQHGD\WKDWZHZHUH
YLHZLQJDQH[HFXWLRQ,WKRXJKW,VKRXOGIDLQWPRUHIURP
KHDULQJWKHFROGDQGFDOPPDQQHULQZKLFKKHVSRNHRIHYHU\
GHVFULSWLRQRIWRUWXUHWKDQIURPWKHVLJKWRIWKH
H[HFXWLRQHUDQGWKHFXOSULW
'LGKHQRWFRQGXFW\RXWRWKHUXLQVRIWKH&RORVVHXPDQG
VXFN\RXUEORRG"DVNHG%HDXFKDPS
2UKDYLQJGHOLYHUHG\RXPDNH\RXVLJQDIODPLQJ
SDUFKPHQWVXUUHQGHULQJ\RXUVRXOWRKLPDV(VDXGLGKLV
ELUWKULJKW"
5DLORQUDLORQDW\RXUHDVHJHQWOHPHQVDLG0RUFHUI
VRPHZKDWSLTXHG:KHQ,ORRNDW\RX3DULVLDQVLGOHUVRQ
WKH%RXOHYDUGGH*DQGRUWKH%RLVGH%RXORJQHDQGWKLQNRI
WKLVPDQLWVHHPVWRPHZHDUHQRWRIWKHVDPHUDFH
,DPKLJKO\IODWWHUHGUHWXUQHG%HDXFKDPS$WWKHVDPH
WLPHDGGHG&KDWHDX5HQDXG\RXU&RXQWRI0RQWH&ULVWRLV
DYHU\ILQHIHOORZDOZD\VH[FHSWLQJKLVOLWWOHDUUDQJHPHQWV
ZLWKWKH,WDOLDQEDQGLWWL
7KHUHDUHQR,WDOLDQEDQGLWWLVDLG'HEUD\
1RYDPSLUHFULHG%HDXFKDPS1R&RXQWRI0RQWH&ULVWR
DGGHG'HEUD\7KHUHLVKDOISDVWWHQVWULNLQJ$OEHUW

508

&RQIHVV\RXKDYHGUHDPHGWKLVDQGOHWXVVLWGRZQWR
EUHDNIDVWFRQWLQXHG%HDXFKDPS%XWWKHVRXQGRIWKHFORFN
KDGQRWGLHGDZD\ZKHQ*HUPDLQDQQRXQFHG+LVH[FHOOHQF\
WKH&RXQWRI0RQWH&ULVWR7KHLQYROXQWDU\VWDUWHYHU\RQH
JDYHSURYHGKRZPXFK0RUFHUI
VQDUUDWLYHKDGLPSUHVVHGWKHP
DQG$OEHUWKLPVHOIFRXOGQRWZKROO\UHIUDLQIURPPDQLIHVWLQJ
VXGGHQHPRWLRQ+HKDGQRWKHDUGDFDUULDJHVWRSLQWKH
VWUHHWRUVWHSVLQWKHDQWHFKDPEHUWKHGRRUKDGLWVHOI
RSHQHGQRLVHOHVVO\7KHFRXQWDSSHDUHGGUHVVHGZLWKWKH
JUHDWHVWVLPSOLFLW\EXWWKHPRVWIDVWLGLRXVGDQG\FRXOG
KDYHIRXQGQRWKLQJWRFDYLODWLQKLVWRLOHW(YHU\DUWLFOH
RIGUHVVKDWFRDWJORYHVDQGERRWVZDVIURPWKH
ILUVWPDNHUV+HVHHPHGVFDUFHO\ILYHDQGWKLUW\%XWZKDW
VWUXFNHYHU\ERG\ZDVKLVH[WUHPHUHVHPEODQFHWRWKHSRUWUDLW
'HEUD\KDGGUDZQ7KHFRXQWDGYDQFHGVPLOLQJLQWRWKH
FHQWUHRIWKHURRPDQGDSSURDFKHG$OEHUWZKRKDVWHQHG
WRZDUGVKLPKROGLQJRXWKLVKDQGLQDFHUHPRQLDOPDQQHU
3XQFWXDOLW\VDLG0RQWH&ULVWRLVWKHSROLWHQHVVRI
NLQJVDFFRUGLQJWRRQHRI\RXUVRYHUHLJQV,WKLQNEXWLW
LVQRWWKHVDPHZLWKWUDYHOOHUV+RZHYHU,KRSH\RXZLOO
H[FXVHWKHWZRRUWKUHHVHFRQGV,DPEHKLQGKDQGILYH
KXQGUHGOHDJXHVDUHQRWWREHDFFRPSOLVKHGZLWKRXWVRPH
WURXEOHDQGHVSHFLDOO\LQ)UDQFHZKHUHLWVHHPVLWLV
IRUELGGHQWREHDWWKHSRVWLOLRQV
0\GHDUFRXQWUHSOLHG$OEHUW,ZDVDQQRXQFLQJ\RXU
YLVLWWRVRPHRIP\IULHQGVZKRP,KDGLQYLWHGLQ
FRQVHTXHQFHRIWKHSURPLVH\RXGLGPHWKHKRQRUWRPDNHDQG
ZKRP,QRZSUHVHQWWR\RX7KH\DUHWKH&RXQWRI
&KDWHDX5HQDXGZKRVHQRELOLW\JRHVEDFNWRWKHWZHOYH
SHHUVDQGZKRVHDQFHVWRUVKDGDSODFHDWWKH5RXQG7DEOH
0/XFLHQ'HEUD\SULYDWHVHFUHWDU\WRWKHPLQLVWHURIWKH
LQWHULRU0%HDXFKDPSDQHGLWRURIDSDSHUDQGWKHWHUURU
RIWKH)UHQFKJRYHUQPHQWEXWRIZKRPLQVSLWHRIKLV
QDWLRQDOFHOHEULW\\RXSHUKDSVKDYHQRWKHDUGLQ,WDO\
VLQFHKLVSDSHULVSURKLELWHGWKHUHDQG00D[LPLOLDQ
0RUUHOFDSWDLQRI6SDKLV
$WWKLVQDPHWKHFRXQWZKRKDGKLWKHUWRVDOXWHGHYHU\RQH
ZLWKFRXUWHV\EXWDWWKHVDPHWLPHZLWKFROGQHVVDQG
IRUPDOLW\VWHSSHGDSDFHIRUZDUGDQGDVOLJKWWLQJHRIUHG
FRORUHGKLVSDOHFKHHNV<RXZHDUWKHXQLIRUPRIWKHQHZ
)UHQFKFRQTXHURUVPRQVLHXUVDLGKHLWLVDKDQGVRPH
XQLIRUP1RRQHFRXOGKDYHVDLGZKDWFDXVHGWKHFRXQW
V

509

YRLFHWRYLEUDWHVRGHHSO\DQGZKDWPDGHKLVH\HIODVK
ZKLFKZDVLQJHQHUDOVRFOHDUOXVWURXVDQGOLPSLGZKHQKH
SOHDVHG<RXKDYHQHYHUVHHQRXU$IULFDQVFRXQW"VDLG
$OEHUW1HYHUUHSOLHGWKHFRXQWZKRZDVE\WKLVWLPH
SHUIHFWO\PDVWHURIKLPVHOIDJDLQ
:HOOEHQHDWKWKLVXQLIRUPEHDWVRQHRIWKHEUDYHVWDQG
QREOHVWKHDUWVLQWKHZKROHDUP\
2K0GH0RUFHUILQWHUUXSWHG0RUUHO
/HWPHJRRQFDSWDLQ$QGZHKDYHMXVWKHDUGFRQWLQXHG
$OEHUWRIDQHZGHHGRIKLVDQGVRKHURLFDRQHWKDW
DOWKRXJK,KDYHVHHQKLPWRGD\IRUWKHILUVWWLPH,
UHTXHVW\RXWRDOORZPHWRLQWURGXFHKLPDVP\IULHQG$W
WKHVHZRUGVLWZDVVWLOOSRVVLEOHWRREVHUYHLQ0RQWH&ULVWR
WKHFRQFHQWUDWHGORRNFKDQJLQJFRORUDQGVOLJKWWUHPEOLQJ
RIWKHH\HOLGWKDWVKRZHPRWLRQ$K\RXKDYHDQREOH
KHDUWVDLGWKHFRXQWVRPXFKWKHEHWWHU7KLV
H[FODPDWLRQZKLFKFRUUHVSRQGHGWRWKHFRXQW
VRZQWKRXJKW
UDWKHUWKDQWRZKDW$OEHUWZDVVD\LQJVXUSULVHGHYHU\ERG\
DQGHVSHFLDOO\0RUUHOZKRORRNHGDW0RQWH&ULVWRZLWK
ZRQGHU%XWDWWKHVDPHWLPHWKHLQWRQDWLRQZDVVRVRIW
WKDWKRZHYHUVWUDQJHWKHVSHHFKPLJKWVHHPLWZDV
LPSRVVLEOHWREHRIIHQGHGDWLW:K\VKRXOGKHGRXEWLW"
VDLG%HDXFKDPSWR&KDWHDX5HQDXG
,QUHDOLW\UHSOLHGWKHODWWHUZKRZLWKKLVDULVWRFUDWLF
JODQFHDQGKLVNQRZOHGJHRIWKHZRUOGKDGSHQHWUDWHGDW
RQFHDOOWKDWZDVSHQHWUDEOHLQ0RQWH&ULVWR$OEHUWKDV
QRWGHFHLYHGXVIRUWKHFRXQWLVDPRVWVLQJXODUEHLQJ
:KDWVD\\RX0RUUHO
0DIRLKHKDVDQRSHQORRNDERXWKLPWKDWSOHDVHVPHLQ
VSLWHRIWKHVLQJXODUUHPDUNKHKDVPDGHDERXWPH
*HQWOHPHQVDLG$OEHUW*HUPDLQLQIRUPVPHWKDWEUHDNIDVW
LVUHDG\0\GHDUFRXQWDOORZPHWRVKRZ\RXWKHZD\7KH\
SDVVHGVLOHQWO\LQWRWKHEUHDNIDVWURRPDQGHYHU\RQHWRRN
KLVSODFH*HQWOHPDQVDLGWKHFRXQWVHDWLQJKLPVHOI
SHUPLWPHWRPDNHDFRQIHVVLRQZKLFKPXVWIRUPP\H[FXVH
IRUDQ\LPSURSULHWLHV,PD\FRPPLW,DPDVWUDQJHUDQGD
VWUDQJHUWRVXFKDGHJUHHWKDWWKLVLVWKHILUVWWLPH,
KDYHHYHUEHHQDW3DULV7KH)UHQFKZD\RIOLYLQJLVXWWHUO\

510

XQNQRZQWRPHDQGXSWRWKHSUHVHQWWLPH,KDYHIROORZHG
WKH(DVWHUQFXVWRPVZKLFKDUHHQWLUHO\LQFRQWUDVWWRWKH
3DULVLDQ,EHJ\RXWKHUHIRUHWRH[FXVHLI\RXILQG
DQ\WKLQJLQPHWRR7XUNLVKWRR,WDOLDQRUWRR$UDELDQ
1RZWKHQOHWXVEUHDNIDVW
:LWKZKDWDQDLUKHVD\VDOOWKLVPXWWHUHG%HDXFKDPS
GHFLGHGO\KHLVDJUHDWPDQ
$JUHDWPDQLQKLVRZQFRXQWU\DGGHG'HEUD\
$JUHDWPDQLQHYHU\FRXQWU\0'HEUD\VDLG
&KDWHDX5HQDXG7KHFRXQWZDVLWPD\EHUHPHPEHUHGDPRVW
WHPSHUDWHJXHVW$OEHUWUHPDUNHGWKLVH[SUHVVLQJKLVIHDUV
OHVWDWWKHRXWVHWWKH3DULVLDQPRGHRIOLIHVKRXOG
GLVSOHDVHWKHWUDYHOOHULQWKHPRVWHVVHQWLDOSRLQW0\
GHDUFRXQWVDLGKH,IHDURQHWKLQJDQGWKDWLVWKDW
WKHIDUHRIWKH5XHGX+HOGHULVQRWVRPXFKWR\RXUWDVWH
DVWKDWRIWKH3LD]]DGL6SDJQL,RXJKWWRKDYHFRQVXOWHG
\RXRQWKHSRLQWDQGKDYHKDGVRPHGLVKHVSUHSDUHG
H[SUHVVO\
'LG\RXNQRZPHEHWWHUUHWXUQHGWKHFRXQWVPLOLQJ\RX
ZRXOGQRWJLYHRQHWKRXJKWRIVXFKDWKLQJIRUDWUDYHOOHU
OLNHP\VHOIZKRKDVVXFFHVVLYHO\OLYHGRQPDFFDURQLDW
1DSOHVSROHQWDDW0LODQROODSRGULGDDW9DOHQFLDSLODXDW
&RQVWDQWLQRSOHNDUULFNLQ,QGLDDQGVZDOORZV
QHVWVLQ
&KLQD,HDWHYHU\ZKHUHDQGRIHYHU\WKLQJRQO\,HDWEXW
OLWWOHDQGWRGD\WKDW\RXUHSURDFKPHZLWKP\ZDQWRI
DSSHWLWHLVP\GD\RIDSSHWLWHIRU,KDYHQRWHDWHQVLQFH
\HVWHUGD\PRUQLQJ
:KDWFULHGDOOWKHJXHVWV\RXKDYHQRWHDWHQIRUIRXU
DQGWZHQW\KRXUV"
1RUHSOLHGWKHFRXQW,ZDVIRUFHGWRJRRXWRIP\URDG
WRREWDLQVRPHLQIRUPDWLRQQHDU1LPHVVRWKDW,ZDV
VRPHZKDWODWHDQGWKHUHIRUH,GLGQRWFKRRVHWRVWRS
$QG\RXDWHLQ\RXUFDUULDJH"DVNHG0RUFHUI
1R,VOHSWDV,JHQHUDOO\GRZKHQ,DPZHDU\ZLWKRXW
KDYLQJWKHFRXUDJHWRDPXVHP\VHOIRUZKHQ,DPKXQJU\
ZLWKRXWIHHOLQJLQFOLQHGWRHDW

511

%XW\RXFDQVOHHSZKHQ\RXSOHDVHPRQVLHXU"VDLG0RUUHO
<HV
<RXKDYHDUHFLSHIRULW"
$QLQIDOOLEOHRQH
7KDWZRXOGEHLQYDOXDEOHWRXVLQ$IULFDZKRKDYHQRW
DOZD\VDQ\IRRGWRHDWDQGUDUHO\DQ\WKLQJWRGULQN
<HVVDLG0RQWH&ULVWREXWXQIRUWXQDWHO\DUHFLSH
H[FHOOHQWIRUDPDQOLNHP\VHOIZRXOGEHYHU\GDQJHURXV
DSSOLHGWRDQDUP\ZKLFKPLJKWQRWDZDNHZKHQLWZDV
QHHGHG
0D\ZHLQTXLUHZKDWLVWKLVUHFLSH"DVNHG'HEUD\
2K\HVUHWXUQHG0RQWH&ULVWR,PDNHQRVHFUHWRILW
,WLVDPL[WXUHRIH[FHOOHQWRSLXPZKLFK,IHWFKHGP\VHOI
IURP&DQWRQLQRUGHUWRKDYHLWSXUHDQGWKHEHVWKDVKLVK
ZKLFKJURZVLQWKH(DVWWKDWLVEHWZHHQWKH7LJULVDQG
WKH(XSKUDWHV7KHVHWZRLQJUHGLHQWVDUHPL[HGLQHTXDO
SURSRUWLRQVDQGIRUPHGLQWRSLOOV7HQPLQXWHVDIWHURQHLV
WDNHQWKHHIIHFWLVSURGXFHG$VN%DURQ)UDQ]G
(SLQD\,
WKLQNKHWDVWHGWKHPRQHGD\
<HVUHSOLHG0RUFHUIKHVDLGVRPHWKLQJDERXWLWWRPH
%XWVDLG%HDXFKDPSZKRDVEHFDPHDMRXUQDOLVWZDVYHU\
LQFUHGXORXV\RXDOZD\VFDUU\WKLVGUXJDERXW\RX"
$OZD\V
:RXOGLWEHDQLQGLVFUHWLRQWRDVNWRVHHWKRVHSUHFLRXV
SLOOV"FRQWLQXHG%HDXFKDPSKRSLQJWRWDNHKLPDWD
GLVDGYDQWDJH
1RPRQVLHXUUHWXUQHGWKHFRXQWDQGKHGUHZIURPKLV
SRFNHWDPDUYHOORXVFDVNHWIRUPHGRXWRIDVLQJOHHPHUDOG
DQGFORVHGE\DJROGHQOLGZKLFKXQVFUHZHGDQGJDYHSDVVDJH
WRDVPDOOJUHHQLVKFRORUHGSHOOHWDERXWWKHVL]HRIDSHD
7KLVEDOOKDGDQDFULGDQGSHQHWUDWLQJRGRU7KHUHZHUHIRXU

512

RUILYHPRUHLQWKHHPHUDOGZKLFKZRXOGFRQWDLQDERXWD
GR]HQ7KHFDVNHWSDVVHGDURXQGWKHWDEOHEXWLWZDVPRUH
WRH[DPLQHWKHDGPLUDEOHHPHUDOGWKDQWRVHHWKHSLOOVWKDW
LWSDVVHGIURPKDQGWRKDQG$QGLVLW\RXUFRRNZKR
SUHSDUHVWKHVHSLOOV"DVNHG%HDXFKDPS
2KQRPRQVLHXUUHSOLHG0RQWH&ULVWR,GRQRWWKXV
EHWUD\P\HQMR\PHQWVWRWKHYXOJDU,DPDWROHUDEOH
FKHPLVWDQGSUHSDUHP\SLOOVP\VHOI
7KLVLVDPDJQLILFHQWHPHUDOGDQGWKHODUJHVW,KDYHHYHU
VHHQVDLG&KDWHDX5HQDXGDOWKRXJKP\PRWKHUKDVVRPH
UHPDUNDEOHIDPLO\MHZHOV
,KDGWKUHHVLPLODURQHVUHWXUQHG0RQWH&ULVWR,JDYH
RQHWRWKH6XOWDQZKRPRXQWHGLWLQKLVVDEUHDQRWKHUWR
RXUKRO\IDWKHUWKH3RSHZKRKDGLWVHWLQKLVWLDUD
RSSRVLWHWRRQHQHDUO\DVODUJHWKRXJKQRWVRILQHJLYHQ
E\WKH(PSHURU1DSROHRQWRKLVSUHGHFHVVRU3LXV9,,,NHSW
WKHWKLUGIRUP\VHOIDQG,KDGLWKROORZHGRXWZKLFK
UHGXFHGLWVYDOXHEXWUHQGHUHGLWPRUHFRPPRGLRXVIRUWKH
SXUSRVH,LQWHQGHG(YHU\RQHORRNHGDW0RQWH&ULVWRZLWK
DVWRQLVKPHQWKHVSRNHZLWKVRPXFKVLPSOLFLW\WKDWLWZDV
HYLGHQWKHVSRNHWKHWUXWKRUWKDWKHZDVPDG+RZHYHUWKH
VLJKWRIWKHHPHUDOGPDGHWKHPQDWXUDOO\LQFOLQHWRWKH
IRUPHUEHOLHI$QGZKDWGLGWKHVHWZRVRYHUHLJQVJLYH\RX
LQH[FKDQJHIRUWKHVHPDJQLILFHQWSUHVHQWV"DVNHG'HEUD\
7KH6XOWDQWKHOLEHUW\RIDZRPDQUHSOLHGWKH&RXQW
WKH3RSHWKHOLIHRIDPDQVRWKDWRQFHLQP\OLIH,KDYH
EHHQDVSRZHUIXODVLIKHDYHQKDGEURXJKWPHLQWRWKHZRUOG
RQWKHVWHSVRIDWKURQH
$QGLWZDV3HSSLQR\RXVDYHGZDVLWQRW"FULHG0RUFHUI
LWZDVIRUKLPWKDW\RXREWDLQHGSDUGRQ"
3HUKDSVUHWXUQHGWKHFRXQWVPLOLQJ
0\GHDUFRXQW\RXKDYHQRLGHDZKDWSOHDVXUHLWJLYHVPH
WRKHDU\RXVSHDNWKXVVDLG0RUFHUI,KDGDQQRXQFHG\RX
EHIRUHKDQGWRP\IULHQGVDVDQHQFKDQWHURIWKHC$UDELDQ
1LJKWV
DZL]DUGRIWKH0LGGOH$JHVEXWWKH3DULVLDQVDUH
VRVXEWOHLQSDUDGR[HVWKDWWKH\PLVWDNHIRUFDSULFHVRIWKH
LPDJLQDWLRQWKHPRVWLQFRQWHVWDEOHWUXWKVZKHQWKHVHWUXWKV

513

GRQRWIRUPDSDUWRIWKHLUGDLO\H[LVWHQFH)RUH[DPSOH
KHUHLV'HEUD\ZKRUHDGVDQG%HDXFKDPSZKRSULQWVHYHU\
GD\C$PHPEHURIWKH-RFNH\&OXEKDVEHHQVWRSSHGDQG
UREEHGRQWKH%RXOHYDUG
CIRXUSHUVRQVKDYHEHHQ
DVVDVVLQDWHGLQWKH5XH6W'HQLV
RUCWKH)DXERXUJ6W
*HUPDLQ
CWHQILIWHHQRUWZHQW\WKLHYHVKDYHEHHQ
DUUHVWHGLQDFDIHRQWKH%RXOHYDUGGX7HPSOHRULQWKH
7KHUPHVGH-XOLHQ
DQG\HWWKHVHVDPHPHQGHQ\WKH
H[LVWHQFHRIWKHEDQGLWVLQWKH0DUHPPDWKH&DPSDJQDGL
5RPDQDRUWKH3RQWLQH0DUVKHV7HOOWKHP\RXUVHOIWKDW,
ZDVWDNHQE\EDQGLWVDQGWKDWZLWKRXW\RXUJHQHURXV
LQWHUFHVVLRQ,VKRXOGQRZKDYHEHHQVOHHSLQJLQWKH
&DWDFRPEVRI6W6HEDVWLDQLQVWHDGRIUHFHLYLQJWKHPLQP\
KXPEOHDERGHLQWKH5XHGX+HOGHU
$KVDLG0RQWH&ULVWR\RXSURPLVHGPHQHYHUWRPHQWLRQ
WKDWFLUFXPVWDQFH
,WZDVQRW,ZKRPDGHWKDWSURPLVHFULHG0RUFHUILW
PXVWKDYHEHHQVRPHRQHHOVHZKRP\RXKDYHUHVFXHGLQWKH
VDPHPDQQHUDQGZKRP\RXKDYHIRUJRWWHQ3UD\VSHDNRILW
IRU,VKDOOQRWRQO\,WUXVWUHODWHWKHOLWWOH,GRNQRZ
EXWDOVRDJUHDWGHDO,GRQRWNQRZ
,WVHHPVWRPHUHWXUQHGWKHFRXQWVPLOLQJWKDW\RX
SOD\HGDVXIILFLHQWO\LPSRUWDQWSDUWWRNQRZDVZHOODV
P\VHOIZKDWKDSSHQHG
:HOO\RXSURPLVHPHLI,WHOODOO,NQRZWRUHODWHLQ
\RXUWXUQDOOWKDW,GRQRWNQRZ"
7KDWLVEXWIDLUUHSOLHG0RQWH&ULVWR
:HOOVDLG0RUFHUIIRUWKUHHGD\V,EHOLHYHGP\VHOIWKH
REMHFWRIWKHDWWHQWLRQVRIDPDVTXHZKRP,WRRNIRUD
GHVFHQGDQWRI7XOOLDRU3RSSRHDZKLOH,ZDVVLPSO\WKH
REMHFWRIWKHDWWHQWLRQVRIDFRQWDGLQDDQG,VD\FRQWDGLQD
WRDYRLGVD\LQJSHDVDQWJLUO:KDW,NQRZLVWKDWOLNHD
IRRODJUHDWHUIRROWKDQKHRIZKRP,VSRNHMXVWQRZ,
PLVWRRNIRUWKLVSHDVDQWJLUOD\RXQJEDQGLWRIILIWHHQRU
VL[WHHQZLWKDEHDUGOHVVFKLQDQGVOLPZDLVWDQGZKRMXVW
DV,ZDVDERXWWRLPSULQWDFKDVWHVDOXWHRQKLVOLSV
SODFHGDSLVWROWRP\KHDGDQGDLGHGE\VHYHQRUHLJKW
RWKHUVOHGRUUDWKHUGUDJJHGPHWRWKH&DWDFRPEVRI6W

514

6HEDVWLDQZKHUH,IRXQGDKLJKO\HGXFDWHGEULJDQGFKLHI
SHUXVLQJ&DHVDU
VC&RPPHQWDULHV
DQGZKRGHLJQHGWROHDYH
RIIUHDGLQJWRLQIRUPPHWKDWXQOHVVWKHQH[WPRUQLQJ
EHIRUHVL[R
FORFNIRXUWKRXVDQGSLDVWUHVZHUHSDLGLQWR
KLVDFFRXQWDWKLVEDQNHU
VDWDTXDUWHUSDVWVL[,VKRXOG
KDYHFHDVHGWRH[LVW7KHOHWWHULVVWLOOWREHVHHQIRULW
LVLQ)UDQ]G
(SLQD\
VSRVVHVVLRQVLJQHGE\PHDQGZLWKD
SRVWVFULSWRI0/XLJL9DPSD7KLVLVDOO,NQRZEXW,NQRZ
QRWFRXQWKRZ\RXFRQWULYHGWRLQVSLUHVRPXFKUHVSHFWLQ
WKHEDQGLWVRI5RPHZKRRUGLQDULO\KDYHVROLWWOHUHVSHFW
IRUDQ\WKLQJ,DVVXUH\RX)UDQ]DQG,ZHUHORVWLQ
DGPLUDWLRQ
1RWKLQJPRUHVLPSOHUHWXUQHGWKHFRXQW,KDGNQRZQWKH
IDPRXV9DPSDIRUPRUHWKDQWHQ\HDUV:KHQKHZDVTXLWHD
FKLOGDQGRQO\DVKHSKHUG,JDYHKLPDIHZJROGSLHFHVIRU
VKRZLQJPHP\ZD\DQGKHLQRUGHUWRUHSD\PHJDYHPHD
SRQLDUGWKHKLOWRIZKLFKKHKDGFDUYHGZLWKKLVRZQKDQG
DQGZKLFK\RXPD\KDYHVHHQLQP\FROOHFWLRQRIDUPV,Q
DIWHU\HDUVZKHWKHUKHKDGIRUJRWWHQWKLVLQWHUFKDQJHRI
SUHVHQWVZKLFKRXJKWWRKDYHFHPHQWHGRXUIULHQGVKLSRU
ZKHWKHUKHGLGQRWUHFROOHFWPHKHVRXJKWWRWDNHPHEXW
RQWKHFRQWUDU\LWZDV,ZKRFDSWXUHGKLPDQGDGR]HQRI
KLVEDQG,PLJKWKDYHKDQGHGKLPRYHUWR5RPDQMXVWLFH
ZKLFKLVVRPHZKDWH[SHGLWLRXVDQGZKLFKZRXOGKDYHEHHQ
SDUWLFXODUO\VRZLWKKLPEXW,GLGQRWKLQJRIWKHVRUW,
VXIIHUHGKLPDQGKLVEDQGWRGHSDUW
:LWKWKHFRQGLWLRQWKDWWKH\VKRXOGVLQQRPRUHVDLG
%HDXFKDPSODXJKLQJ,VHHWKH\NHSWWKHLUSURPLVH
1RPRQVLHXUUHWXUQHG0RQWH&ULVWRXSRQWKHVLPSOH
FRQGLWLRQWKDWWKH\VKRXOGUHVSHFWP\VHOIDQGP\IULHQGV
3HUKDSVZKDW,DPDERXWWRVD\PD\VHHPVWUDQJHWR\RXZKR
DUHVRFLDOLVWVDQGYDXQWKXPDQLW\DQG\RXUGXW\WR\RXU
QHLJKERUEXW,QHYHUVHHNWRSURWHFWDVRFLHW\ZKLFKGRHV
QRWSURWHFWPHDQGZKLFK,ZLOOHYHQVD\JHQHUDOO\
RFFXSLHVLWVHOIDERXWPHRQO\WRLQMXUHPHDQGWKXVE\
JLYLQJWKHPDORZSODFHLQP\HVWHHPDQGSUHVHUYLQJD
QHXWUDOLW\WRZDUGVWKHPLWLVVRFLHW\DQGP\QHLJKERUZKR
DUHLQGHEWHGWRPH
%UDYRFULHG&KDWHDX5HQDXG\RXDUHWKHILUVWPDQ,HYHU
PHWVXIILFLHQWO\FRXUDJHRXVWRSUHDFKHJRWLVP%UDYRFRXQW

515

EUDYR
,WLVIUDQNDWOHDVWVDLG0RUUHO%XW,DPVXUHWKDW
WKHFRXQWGRHVQRWUHJUHWKDYLQJRQFHGHYLDWHGIURPWKH
SULQFLSOHVKHKDVVREROGO\DYRZHG
+RZKDYH,GHYLDWHGIURPWKRVHSULQFLSOHVPRQVLHXU"DVNHG
0RQWH&ULVWRZKRFRXOGQRWKHOSORRNLQJDW0RUUHOZLWKVR
PXFKLQWHQVLW\WKDWWZRRUWKUHHWLPHVWKH\RXQJPDQKDG
EHHQXQDEOHWRVXVWDLQWKDWFOHDUDQGSLHUFLQJJODQFH
:K\LWVHHPVWRPHUHSOLHG0RUUHOWKDWLQGHOLYHULQJ
0GH0RUFHUIZKRP\RXGLGQRWNQRZ\RXGLGJRRGWR\RXU
QHLJKERUDQGWRVRFLHW\
2IZKLFKKHLVWKHEULJKWHVWRUQDPHQWVDLG%HDXFKDPS
GULQNLQJRIIDJODVVRIFKDPSDJQH
0\GHDUFRXQWFULHG0RUFHUI\RXDUHDWIDXOW\RX
RQHRIWKHPRVWIRUPLGDEOHORJLFLDQV,NQRZDQG\RXPXVW
VHHLWFOHDUO\SURYHGWKDWLQVWHDGRIEHLQJDQHJRWLVW\RX
DUHDSKLODQWKURSLVW$K\RXFDOO\RXUVHOI2ULHQWDOD
/HYDQWLQH0DOWHVH,QGLDQ&KLQHVH\RXUIDPLO\QDPHLV
0RQWH&ULVWR6LQEDGWKH6DLORULV\RXUEDSWLVPDO
DSSHOODWLRQDQG\HWWKHILUVWGD\\RXVHWIRRWLQ3DULV\RX
LQVWLQFWLYHO\GLVSOD\WKHJUHDWHVWYLUWXHRUUDWKHUWKH
FKLHIGHIHFWRIXVHFFHQWULF3DULVLDQVWKDWLV\RX
DVVXPHWKHYLFHV\RXKDYHQRWDQGFRQFHDOWKHYLUWXHV\RX
SRVVHVV
0\GHDUYLFRPWHUHWXUQHG0RQWH&ULVWR,GRQRWVHHLQ
DOO,KDYHGRQHDQ\WKLQJWKDWPHULWVHLWKHUIURP\RXRU
WKHVHJHQWOHPHQWKHSUHWHQGHGHXORJLHV,KDYHUHFHLYHG<RX
ZHUHQRVWUDQJHUWRPHIRU,NQHZ\RXIURPWKHWLPH,JDYH
XSWZRURRPVWR\RXLQYLWHG\RXWREUHDNIDVWZLWKPHOHQW
\RXRQHRIP\FDUULDJHVZLWQHVVHGWKH&DUQLYDOLQ\RXU
FRPSDQ\DQGVDZZLWK\RXIURPDZLQGRZLQWKH3LD]]DGHO
3RSRORWKHH[HFXWLRQWKDWDIIHFWHG\RXVRPXFKWKDW\RX
QHDUO\IDLQWHG,ZLOODSSHDOWRDQ\RIWKHVHJHQWOHPHQ
FRXOG,OHDYHP\JXHVWLQWKHKDQGVRIDKLGHRXVEDQGLWDV
\RXWHUPKLP"%HVLGHV\RXNQRZ,KDGWKHLGHDWKDW\RX
FRXOGLQWURGXFHPHLQWRVRPHRIWKH3DULVVDORQVZKHQ,FDPH
WR)UDQFH<RXPLJKWVRPHWLPHDJRKDYHORRNHGXSRQWKLV
UHVROXWLRQDVDYDJXHSURMHFWEXWWRGD\\RXVHHLWZDVD

516

UHDOLW\DQG\RXPXVWVXEPLWWRLWXQGHUSHQDOW\RIEUHDNLQJ
\RXUZRUG
,ZLOONHHSLWUHWXUQHG0RUFHUIEXW,IHDUWKDW\RX
ZLOOEHPXFKGLVDSSRLQWHGDFFXVWRPHGDV\RXDUHWR
SLFWXUHVTXHHYHQWVDQGIDQWDVWLFKRUL]RQV$PRQJVWXV\RX
ZLOOQRWPHHWZLWKDQ\RIWKRVHHSLVRGHVZLWKZKLFK\RXU
DGYHQWXURXVH[LVWHQFHKDVVRIDPLOLDUL]HG\RXRXU
&KLPERUD]RLV0RUWPDUWUHRXU+LPDOD\DLV0RXQW9DOHULHQ
RXU*UHDW'HVHUWLVWKHSODLQRI*UHQHOOHZKHUHWKH\DUH
QRZERULQJDQDUWHVLDQZHOOWRZDWHUWKHFDUDYDQV:HKDYH
SOHQW\RIWKLHYHVWKRXJKQRWVRPDQ\DVLVVDLGEXWWKHVH
WKLHYHVVWDQGLQIDUPRUHGUHDGRIDSROLFHPDQWKDQDORUG
)UDQFHLVVRSURVDLFDQG3DULVVRFLYLOL]HGDFLW\WKDW
\RXZLOOQRWILQGLQLWVHLJKW\ILYHGHSDUWPHQWV,VD\
HLJKW\ILYHEHFDXVH,GRQRWLQFOXGH&RUVLFD\RXZLOO
QRWILQGWKHQLQWKHVHHLJKW\ILYHGHSDUWPHQWVDVLQJOH
KLOORQZKLFKWKHUHLVQRWDWHOHJUDSKRUDJURWWRLQZKLFK
WKHFRPPLVVDU\RISROLFHKDVQRWSXWXSDJDVODPS7KHUHLV
EXWRQHVHUYLFH,FDQUHQGHU\RXDQGIRUWKDW,SODFH
P\VHOIHQWLUHO\DW\RXURUGHUVWKDWLVWRSUHVHQWRUPDNH
P\IULHQGVSUHVHQW\RXHYHU\ZKHUHEHVLGHV\RXKDYHQR
QHHGRIDQ\RQHWRLQWURGXFH\RXZLWK\RXUQDPHDQG\RXU
IRUWXQHDQG\RXUWDOHQW 0RQWH&ULVWRERZHGZLWKD
VRPHZKDWLURQLFDOVPLOH \RXFDQSUHVHQW\RXUVHOI
HYHU\ZKHUHDQGEHZHOOUHFHLYHG,FDQEHXVHIXOLQRQHZD\
RQO\LINQRZOHGJHRI3DULVLDQKDELWVRIWKHPHDQVRI
UHQGHULQJ\RXUVHOIFRPIRUWDEOHRURIWKHED]DDUVFDQ
DVVLVW\RXPD\GHSHQGXSRQPHWRILQG\RXDILWWLQJ
GZHOOLQJKHUH,GRQRWGDUHRIIHUWRVKDUHP\DSDUWPHQWV
ZLWK\RXDV,VKDUHG\RXUVDW5RPH,ZKRGRQRWSURIHVV
HJRWLVPEXWDP\HWHJRWLVWSDUH[FHOOHQFHIRUH[FHSW
P\VHOIWKHVHURRPVZRXOGQRWKROGDVKDGRZPRUHXQOHVV
WKDWVKDGRZZHUHIHPLQLQH
$KVDLGWKHFRXQWWKDWLVDPRVWFRQMXJDOUHVHUYDWLRQ
,UHFROOHFWWKDWDW5RPH\RXVDLGVRPHWKLQJRIDSURMHFWHG
PDUULDJH0D\,FRQJUDWXODWH\RX"
7KHDIIDLULVVWLOOLQSURMHFWLRQ
$QGKHZKRVD\VLQCSURMHFWLRQ
PHDQVDOUHDG\GHFLGHG
VDLG'HEUD\

517

1RUHSOLHG0RUFHUIP\IDWKHULVPRVWDQ[LRXVDERXWLW
DQG,KRSHHUHORQJWRLQWURGXFH\RXLIQRWWRP\ZLIH
DWOHDVWWRP\EHWURWKHG0DGHPRLVHOOH(XJHQLH'DQJODUV
(XJHQLH'DQJODUVVDLG0RQWH&ULVWRWHOOPHLVQRWKHU
IDWKHU%DURQ'DQJODUV"
<HVUHWXUQHG0RUFHUIDEDURQRIDQHZFUHDWLRQ
:KDWPDWWHUVDLG0RQWH&ULVWRLIKHKDVUHQGHUHGWKH
6WDWHVHUYLFHVZKLFKPHULWWKLVGLVWLQFWLRQ"
(QRUPRXVRQHVDQVZHUHG%HDXFKDPS$OWKRXJKLQUHDOLW\D
/LEHUDOKHQHJRWLDWHGDORDQRIVL[PLOOLRQVIRU&KDUOHV
;LQZKRPDGHKLPDEDURQDQGFKHYDOLHURIWKH
/HJLRQRI+RQRUVRWKDWKHZHDUVWKHULEERQQRWDV\RX
ZRXOGWKLQNLQKLVZDLVWFRDWSRFNHWEXWDWKLV
EXWWRQKROH
$KLQWHUUXSWHG0RUFHUIODXJKLQJ%HDXFKDPS%HDXFKDPS
NHHSWKDWIRUWKH&RUVDLUHRUWKH&KDULYDULEXWVSDUHP\
IXWXUHIDWKHULQODZEHIRUHPH7KHQWXUQLQJWR0RQWH
&ULVWR<RXMXVWQRZVSRNHKLVQDPHDVLI\RXNQHZWKH
EDURQ"
,GRQRWNQRZKLPUHWXUQHG0RQWH&ULVWREXW,VKDOO
SUREDEO\VRRQPDNHKLVDFTXDLQWDQFHIRU,KDYHDFUHGLW
RSHQHGZLWKKLPE\WKHKRXVHRI5LFKDUG %ORXQWRI/RQGRQ
$UVWHLQ (VNHOHVRI9LHQQDDQG7KRPVRQ )UHQFKDW5RPH
$VKHSURQRXQFHGWKHWZRODVWQDPHVWKHFRXQWJODQFHGDW
0D[LPLOLDQ0RUUHO,IWKHVWUDQJHUH[SHFWHGWRSURGXFHDQ
HIIHFWRQ0RUUHOKHZDVQRWPLVWDNHQ0D[LPLOLDQVWDUWHG
DVLIKHKDGEHHQHOHFWULILHG7KRPVRQ )UHQFKVDLGKH
GR\RXNQRZWKLVKRXVHPRQVLHXU"
7KH\DUHP\EDQNHUVLQWKHFDSLWDORIWKH&KULVWLDQZRUOG
UHWXUQHGWKHFRXQWTXLHWO\&DQP\LQIOXHQFHZLWKWKHPEH
RIDQ\VHUYLFHWR\RX"
2KFRXQW\RXFRXOGDVVLVWPHSHUKDSVLQUHVHDUFKHVZKLFK
KDYHEHHQXSWRWKHSUHVHQWIUXLWOHVV7KLVKRXVHLQSDVW
\HDUVGLGRXUVDJUHDWVHUYLFHDQGKDV,NQRZQRWIRU
ZKDWUHDVRQDOZD\VGHQLHGKDYLQJUHQGHUHGXVWKLVVHUYLFH

518

,VKDOOEHDW\RXURUGHUVVDLG0RQWH&ULVWRERZLQJ
%XWFRQWLQXHG0RUFHUIDSURSRVRI'DQJODUVZHKDYH
VWUDQJHO\ZDQGHUHGIURPWKHVXEMHFW:HZHUHVSHDNLQJRID
VXLWDEOHKDELWDWLRQIRUWKH&RXQWRI0RQWH&ULVWR&RPH
JHQWOHPHQOHWXVDOOSURSRVHVRPHSODFH:KHUHVKDOOZH
ORGJHWKLVQHZJXHVWLQRXUJUHDWFDSLWDO"
)DXERXUJ6DLQW*HUPDLQVDLG&KDWHDX5HQDXG7KHFRXQW
ZLOOILQGWKHUHDFKDUPLQJKRWHOZLWKDFRXUWDQGJDUGHQ
%DK&KDWHDX5HQDXGUHWXUQHG'HEUD\\RXRQO\NQRZ\RXU
GXOODQGJORRP\)DXERXUJ6DLQW*HUPDLQGRQRWSD\DQ\
DWWHQWLRQWRKLPFRXQWOLYHLQWKH&KDXVVHHG
$QWLQ
WKDW
VWKHUHDOFHQWUHRI3DULV
%RXOHYDUGGHO
2SHUDVDLG%HDXFKDPSWKHVHFRQGIORRU
DKRXVHZLWKDEDOFRQ\7KHFRXQWZLOOKDYHKLVFXVKLRQVRI
VLOYHUFORWKEURXJKWWKHUHDQGDVKHVPRNHVKLVFKLERXTXH
VHHDOO3DULVSDVVEHIRUHKLP
<RXKDYHQRLGHDWKHQ0RUUHO"DVNHG&KDWHDX5HQDXG\RX
GRQRWSURSRVHDQ\WKLQJ
2K\HVUHWXUQHGWKH\RXQJPDQVPLOLQJRQWKH
FRQWUDU\,KDYHRQHEXW,H[SHFWHGWKHFRXQWZRXOGEH
WHPSWHGE\RQHRIWKHEULOOLDQWSURSRVDOVPDGHKLP\HWDV
KHKDVQRWUHSOLHGWRDQ\RIWKHP,ZLOOYHQWXUHWRRIIHU
KLPDVXLWHRIDSDUWPHQWVLQDFKDUPLQJKRWHOLQWKH
3RPSDGRXUVW\OHWKDWP\VLVWHUKDVLQKDELWHGIRUD\HDULQ
WKH5XH0HVOD\
<RXKDYHDVLVWHU"DVNHGWKHFRXQW
<HVPRQVLHXUDPRVWH[FHOOHQWVLVWHU
0DUULHG"
1HDUO\QLQH\HDUV
+DSS\"DVNHGWKHFRXQWDJDLQ
$VKDSS\DVLWLVSHUPLWWHGWRDKXPDQFUHDWXUHWREH
UHSOLHG0D[LPLOLDQ6KHPDUULHGWKHPDQVKHORYHGZKR

519

UHPDLQHGIDLWKIXOWRXVLQRXUIDOOHQIRUWXQHV(PPDQXHO
+HUEDXW0RQWH&ULVWRVPLOHGLPSHUFHSWLEO\,OLYHWKHUH
GXULQJP\OHDYHRIDEVHQFHFRQWLQXHG0D[LPLOLDQDQG,
VKDOOEHWRJHWKHUZLWKP\EURWKHULQODZ(PPDQXHODWWKH
GLVSRVLWLRQRIWKH&RXQWZKHQHYHUKHWKLQNVILWWRKRQRU
XV
2QHPLQXWHFULHG$OEHUWZLWKRXWJLYLQJ0RQWH&ULVWRWKH
WLPHWRUHSO\7DNHFDUH\RXDUHJRLQJWRLPPXUHD
WUDYHOOHU6LQEDGWKH6DLORUDPDQZKRFRPHVWRVHH3DULV
\RXDUHJRLQJWRPDNHDSDWULDUFKRIKLP
2KQRVDLG0RUUHOP\VLVWHULVILYHDQGWZHQW\P\
EURWKHULQODZLVWKLUW\WKH\DUHJD\\RXQJDQGKDSS\
%HVLGHVWKHFRXQWZLOOEHLQKLVRZQKRXVHDQGRQO\VHH
WKHPZKHQKHWKLQNVILWWRGRVR
7KDQNVPRQVLHXUVDLG0RQWH&ULVWR,VKDOOFRQWHQW
P\VHOIZLWKEHLQJSUHVHQWHGWR\RXUVLVWHUDQGKHUKXVEDQG
LI\RXZLOOGRPHWKHKRQRUWRLQWURGXFHPHEXW,FDQQRW
DFFHSWWKHRIIHURIDQ\RQHRIWKHVHJHQWOHPHQVLQFHP\
KDELWDWLRQLVDOUHDG\SUHSDUHG
:KDWFULHG0RUFHUI\RXDUHWKHQJRLQJWRDQKRWHO
WKDWZLOOEHYHU\GXOOIRU\RX
:DV,VREDGO\ORGJHGDW5RPH"VDLG0RQWH&ULVWRVPLOLQJ
3DUEOHXDW5RPH\RXVSHQWILIW\WKRXVDQGSLDVWUHVLQ
IXUQLVKLQJ\RXUDSDUWPHQWVEXW,SUHVXPHWKDW\RXDUHQRW
GLVSRVHGWRVSHQGDVLPLODUVXPHYHU\GD\
,WLVQRWWKDWZKLFKGHWHUUHGPHUHSOLHG0RQWH&ULVWR
EXWDV,GHWHUPLQHGWRKDYHDKRXVHWRP\VHOI,VHQWRQP\
YDOHWGHFKDPEUHDQGKHRXJKWE\WKLVWLPHWRKDYHERXJKW
WKHKRXVHDQGIXUQLVKHGLW
%XW\RXKDYHWKHQDYDOHWGHFKDPEUHZKRNQRZV3DULV"
VDLG%HDXFKDPS
,WLVWKHILUVWWLPHKHKDVHYHUEHHQLQ3DULV+HLV
EODFNDQGFDQQRWVSHDNUHWXUQHG0RQWH&ULVWR
,WLV$OLFULHG$OEHUWLQWKHPLGVWRIWKHJHQHUDO

520

VXUSULVH
<HV$OLKLPVHOIP\1XELDQPXWHZKRP\RXVDZ,WKLQNDW
5RPH
&HUWDLQO\VDLG0RUFHUI,UHFROOHFWKLPSHUIHFWO\%XW
KRZFRXOG\RXFKDUJHD1XELDQWRSXUFKDVHDKRXVHDQGD
PXWHWRIXUQLVKLW"KHZLOOGRHYHU\WKLQJZURQJ
8QGHFHLYH\RXUVHOIPRQVLHXUUHSOLHG0RQWH&ULVWR,DP
TXLWHVXUHWKDWRQWKHFRQWUDU\KHZLOOFKRRVHHYHU\WKLQJ
DV,ZLVK+HNQRZVP\WDVWHVP\FDSULFHVP\ZDQWV+HKDV
EHHQKHUHDZHHNZLWKWKHLQVWLQFWRIDKRXQGKXQWLQJE\
KLPVHOI+HZLOODUUDQJHHYHU\WKLQJIRUPH+HNQHZWKDW,
VKRXOGDUULYHWRGD\DWWHQR
FORFNKHZDVZDLWLQJIRUPH
DWQLQHDWWKH%DUULHUHGH)RQWDLQHEOHDX+HJDYHPHWKLV
SDSHULWFRQWDLQVWKHQXPEHURIP\QHZDERGHUHDGLW
\RXUVHOIDQG0RQWH&ULVWRSDVVHGDSDSHUWR$OEHUW$K
WKDWLVUHDOO\RULJLQDOVDLG%HDXFKDPS
$QGYHU\SULQFHO\DGGHG&KDWHDX5HQDXG
:KDWGR\RXQRWNQRZ\RXUKRXVH"DVNHG'HEUD\
1RVDLG0RQWH&ULVWR,WROG\RX,GLGQRWZLVKWREH
EHKLQGP\WLPH,GUHVVHGP\VHOILQWKHFDUULDJHDQG
GHVFHQGHGDWWKHYLVFRXQW
VGRRU7KH\RXQJPHQORRNHGDW
HDFKRWKHUWKH\GLGQRWNQRZLILWZDVDFRPHG\0RQWH
&ULVWRZDVSOD\LQJEXWHYHU\ZRUGKHXWWHUHGKDGVXFKDQ
DLURIVLPSOLFLW\WKDWLWZDVLPSRVVLEOHWRVXSSRVHZKDWKH
VDLGZDVIDOVHEHVLGHVZK\VKRXOGKHWHOODIDOVHKRRG"
:HPXVWFRQWHQWRXUVHOYHVWKHQVDLG%HDXFKDPSZLWK
UHQGHULQJWKHFRXQWDOOWKHOLWWOHVHUYLFHVLQRXUSRZHU,
LQP\TXDOLW\RIMRXUQDOLVWRSHQDOOWKHWKHDWUHVWRKLP
7KDQNVPRQVLHXUUHWXUQHG0RQWH&ULVWRP\VWHZDUGKDV
RUGHUVWRWDNHDER[DWHDFKWKHDWUH
,V\RXUVWHZDUGDOVRD1XELDQ"DVNHG'HEUD\
1RKHLVDFRXQWU\PDQRI\RXUVLID&RUVLFDQLVD
FRXQWU\PDQRIDQ\RQH
V%XW\RXNQRZKLP0GH0RUFHUI
,VLWWKDWH[FHOOHQW0%HUWXFFLRZKRXQGHUVWDQGVKLULQJ

521

ZLQGRZVVRZHOO"
<HV\RXVDZKLPWKHGD\,KDGWKHKRQRURIUHFHLYLQJ\RX
KHKDVEHHQDVROGLHUDVPXJJOHULQIDFWHYHU\WKLQJ,
ZRXOGQRWEHTXLWHVXUHWKDWKHKDVQRWEHHQPL[HGXSZLWK
WKHSROLFHIRUVRPHWULIOHDVWDEZLWKDNQLIHIRU
LQVWDQFH
$QG\RXKDYHFKRVHQWKLVKRQHVWFLWL]HQIRU\RXUVWHZDUG
VDLG'HEUD\2IKRZPXFKGRHVKHURE\RXHYHU\\HDU"
2QP\ZRUGUHSOLHGWKHFRXQWQRWPRUHWKDQDQRWKHU,
DPVXUHKHDQVZHUVP\SXUSRVHNQRZVQRLPSRVVLELOLW\DQG
VR,NHHSKLP
7KHQFRQWLQXHG&KDWHDX5HQDXGVLQFH\RXKDYHDQ
HVWDEOLVKPHQWDVWHZDUGDQGDKRWHOLQWKH&KDPSV(O\VHHV
\RXRQO\ZDQWDPLVWUHVV$OEHUWVPLOHG+HWKRXJKWRIWKH
IDLU*UHHNKHKDGVHHQLQWKHFRXQW
VER[DWWKH$UJHQWLQD
DQG9DOOHWKHDWUHV,KDYHVRPHWKLQJEHWWHUWKDQWKDW
VDLG0RQWH&ULVWR,KDYHDVODYH<RXSURFXUH\RXU
PLVWUHVVHVIURPWKHRSHUDWKH9DXGHYLOOHRUWKH9DULHWHV
,SXUFKDVHGPLQHDW&RQVWDQWLQRSOHLWFRVWPHPRUHEXW,
KDYHQRWKLQJWRIHDU
%XW\RXIRUJHWUHSOLHG'HEUD\ODXJKLQJWKDWZHDUH
)UDQNVE\QDPHDQGIUDQNVE\QDWXUHDV.LQJ&KDUOHVVDLG
DQGWKDWWKHPRPHQWVKHSXWVKHUIRRWLQ)UDQFH\RXUVODYH
EHFRPHVIUHH
:KRZLOOWHOOKHU"
7KHILUVWSHUVRQZKRVHHVKHU
6KHRQO\VSHDNV5RPDLF
7KDWLVGLIIHUHQW
%XWDWOHDVWZHVKDOOVHHKHUVDLG%HDXFKDPSRUGR\RX
NHHSHXQXFKVDVZHOODVPXWHV"
2KQRUHSOLHG0RQWH&ULVWR,GRQRWFDUU\EUXWDOLVPVR
IDU(YHU\RQHZKRVXUURXQGVPHLVIUHHWRTXLWPHDQGZKHQ
WKH\OHDYHPHZLOOQRORQJHUKDYHDQ\QHHGRIPHRUDQ\RQH

522

HOVHLWLVIRUWKDWUHDVRQSHUKDSVWKDWWKH\GRQRWTXLW
PH7KH\KDGORQJVLQFHSDVVHGWRGHVVHUWDQGFLJDUV
0\GHDU$OEHUWVDLG'HEUD\ULVLQJLWLVKDOISDVWWZR
<RXUJXHVWLVFKDUPLQJEXW\RXOHDYHWKHEHVWFRPSDQ\WRJR
LQWRWKHZRUVWVRPHWLPHV,PXVWUHWXUQWRWKHPLQLVWHU
V,
ZLOOWHOOKLPRIWKHFRXQWDQGZHVKDOOVRRQNQRZZKRKH
LV
7DNHFDUHUHWXUQHG$OEHUWQRRQHKDVEHHQDEOHWR
DFFRPSOLVKWKDW
2KZHKDYHWKUHHPLOOLRQVIRURXUSROLFHLWLVWUXHWKH\
DUHDOPRVWDOZD\VVSHQWEHIRUHKDQGEXWQRPDWWHUZHVKDOO
VWLOOKDYHILIW\WKRXVDQGIUDQFVWRVSHQGIRUWKLVSXUSRVH
$QGZKHQ\RXNQRZZLOO\RXWHOOPH"
,SURPLVH\RX$XUHYRLU$OEHUW*HQWOHPHQJRRGPRUQLQJ
$VKHOHIWWKHURRP'HEUD\FDOOHGRXWORXGO\0\
FDUULDJH
%UDYRVDLG%HDXFKDPSWR$OEHUW,VKDOOQRWJRWRWKH
&KDPEHUEXW,KDYHVRPHWKLQJEHWWHUWRRIIHUP\UHDGHUV
WKDQDVSHHFKRI0'DQJODUV
)RUKHDYHQ
VVDNH%HDXFKDPSUHWXUQHG0RUFHUIGRQRW
GHSULYHPHRIWKHPHULWRILQWURGXFLQJKLPHYHU\ZKHUH,VKH
QRWSHFXOLDU"
+HLVPRUHWKDQWKDWUHSOLHG&KDWHDX5HQDXGKHLVRQH
RIWKHPRVWH[WUDRUGLQDU\PHQ,HYHUVDZLQP\OLIH$UH\RX
FRPLQJ0RUUHO"
'LUHFWO\,KDYHJLYHQP\FDUGWRWKHFRXQWZKRKDV
SURPLVHGWRSD\XVDYLVLWDW5XH0HVOD\1R
%HVXUH,VKDOOQRWIDLOWRGRVRUHWXUQHGWKHFRXQW
ERZLQJ$QG0D[LPLOLDQ0RUUHOOHIWWKHURRPZLWKWKH%DURQ
GH&KDWHDX5HQDXGOHDYLQJ0RQWH&ULVWRDORQHZLWK0RUFHUI

523

&KDSWHU
7KH3UHVHQWDWLRQ
:KHQ$OEHUWIRXQGKLPVHOIDORQHZLWK0RQWH&ULVWR0\GHDU
FRXQWVDLGKHDOORZPHWRFRPPHQFHP\VHUYLFHVDV
FLFHURQHE\VKRZLQJ\RXDVSHFLPHQRIDEDFKHORU
V
DSDUWPHQW<RXZKRDUHDFFXVWRPHGWRWKHSDODFHVRI,WDO\
FDQDPXVH\RXUVHOIE\FDOFXODWLQJLQKRZPDQ\VTXDUHIHHWD
\RXQJPDQZKRLVQRWWKHZRUVWORGJHGLQ3DULVFDQOLYH$V
ZHSDVVIURPRQHURRPWRDQRWKHU,ZLOORSHQWKHZLQGRZVWR
OHW\RXEUHDWKH0RQWH&ULVWRKDGDOUHDG\VHHQWKH
EUHDNIDVWURRPDQGWKHVDORQRQWKHJURXQGIORRU$OEHUWOHG
KLPILUVWWRKLVDWHOLHUZKLFKZDVDVZHKDYHVDLGKLV
IDYRULWHDSDUWPHQW0RQWH&ULVWRTXLFNO\DSSUHFLDWHGDOO
WKDW$OEHUWKDGFROOHFWHGKHUHROGFDELQHWV-DSDQHVH
SRUFHODLQ2ULHQWDOVWXIIV9HQHWLDQJODVVDUPVIURPDOO
SDUWVRIWKHZRUOGHYHU\WKLQJZDVIDPLOLDUWRKLPDQGDW
WKHILUVWJODQFHKHUHFRJQL]HGWKHLUGDWHWKHLUFRXQWU\
DQGWKHLURULJLQ0RUFHUIKDGH[SHFWHGKHVKRXOGEHWKH
JXLGHRQWKHFRQWUDU\LWZDVKHZKRXQGHUWKHFRXQW
V
JXLGDQFHIROORZHGDFRXUVHRIDUFKDHRORJ\PLQHUDORJ\DQG
QDWXUDOKLVWRU\7KH\GHVFHQGHGWRWKHILUVWIORRU$OEHUW
OHGKLVJXHVWLQWRWKHVDORQ7KHVDORQZDVILOOHGZLWKWKH
ZRUNVRIPRGHUQDUWLVWVWKHUHZHUHODQGVFDSHVE\'XSUH
ZLWKWKHLUORQJUHHGVDQGWDOOWUHHVWKHLUORZLQJR[HQDQG
PDUYHOORXVVNLHV'HODFURL[
V$UDELDQFDYDOLHUVZLWKWKHLU
ORQJZKLWHEXUQRXVHVWKHLUVKLQLQJEHOWVWKHLUGDPDVNHG
DUPVWKHLUKRUVHVZKRWRUHHDFKRWKHUZLWKWKHLUWHHWK
ZKLOHWKHLUULGHUVFRQWHQGHGILHUFHO\ZLWKWKHLUPDFHV
DTXDUHOOHVRI%RXODQJHUUHSUHVHQWLQJ1RWUH'DPHGH3DULV
ZLWKWKDWYLJRUWKDWPDNHVWKHDUWLVWWKHULYDORIWKHSRHW
WKHUHZHUHSDLQWLQJVE\'LD]ZKRPDNHVKLVIORZHUVPRUH
EHDXWLIXOWKDQIORZHUVKLVVXQVPRUHEULOOLDQWWKDQWKH
VXQGHVLJQVE\'HFDPSDVYLYLGO\FRORUHGDVWKRVHRI
6DOYDWRU5RVDEXWPRUHSRHWLFSDVWHOVE\*LUDXGDQG
0XOOHUUHSUHVHQWLQJFKLOGUHQOLNHDQJHOVDQGZRPHQZLWKWKH
IHDWXUHVRIDYLUJLQVNHWFKHVWRUQIURPWKHDOEXPRI
'DX]DWV
7UDYHOVLQWKH(DVWWKDWKDGEHHQPDGHLQDIHZ
VHFRQGVRQWKHVDGGOHRIDFDPHORUEHQHDWKWKHGRPHRID
PRVTXHLQDZRUGDOOWKDWPRGHUQDUWFDQJLYHLQ
H[FKDQJHDQGDVUHFRPSHQVHIRUWKHDUWORVWDQGJRQHZLWK
DJHVORQJVLQFHSDVW
$OEHUWH[SHFWHGWRKDYHVRPHWKLQJQHZWKLVWLPHWRVKRZWR

524

WKHWUDYHOOHUEXWWRKLVJUHDWVXUSULVHWKHODWWHU
ZLWKRXWVHHNLQJIRUWKHVLJQDWXUHVPDQ\RIZKLFKLQGHHG
ZHUHRQO\LQLWLDOVQDPHGLQVWDQWO\WKHDXWKRURIHYHU\
SLFWXUHLQVXFKDPDQQHUWKDWLWZDVHDV\WRVHHWKDWHDFK
QDPHZDVQRWRQO\NQRZQWRKLPEXWWKDWHDFKVW\OH
DVVRFLDWHGZLWKLWKDGEHHQDSSUHFLDWHGDQGVWXGLHGE\KLP
)URPWKHVDORQWKH\SDVVHGLQWRWKHEHGFKDPEHULWZDVD
PRGHORIWDVWHDQGVLPSOHHOHJDQFH$VLQJOHSRUWUDLW
VLJQHGE\/HRSROG5REHUWVKRQHLQLWVFDUYHGDQGJLOGHG
IUDPH7KLVSRUWUDLWDWWUDFWHGWKH&RXQWRI0RQWH&ULVWR
V
DWWHQWLRQIRUKHPDGHWKUHHUDSLGVWHSVLQWKHFKDPEHUDQG
VWRSSHGVXGGHQO\EHIRUHLW,WZDVWKHSRUWUDLWRID\RXQJ
ZRPDQRIILYHRUVL[DQGWZHQW\ZLWKDGDUNFRPSOH[LRQDQG
OLJKWDQGOXVWURXVH\HVYHLOHGEHQHDWKORQJODVKHV6KH
ZRUHWKHSLFWXUHVTXHFRVWXPHRIWKH&DWDODQILVKHUZRPHQD
UHGDQGEODFNERGLFHDQGJROGHQSLQVLQKHUKDLU6KHZDV
ORRNLQJDWWKHVHDDQGKHUIRUPZDVRXWOLQHGRQWKHEOXH
RFHDQDQGVN\7KHOLJKWZDVVRIDLQWLQWKHURRPWKDW
$OEHUWGLGQRWSHUFHLYHWKHSDOORUWKDWVSUHDGLWVHOIRYHU
WKHFRXQW
VYLVDJHRUWKHQHUYRXVKHDYLQJRIKLVFKHVWDQG
VKRXOGHUV6LOHQFHSUHYDLOHGIRUDQLQVWDQWGXULQJZKLFK
0RQWH&ULVWRJD]HGLQWHQWO\RQWKHSLFWXUH
<RXKDYHWKHUHDPRVWFKDUPLQJPLVWUHVVYLVFRXQWVDLG
WKHFRXQWLQDSHUIHFWO\FDOPWRQHDQGWKLVFRVWXPHD
EDOOFRVWXPHGRXEWOHVVEHFRPHVKHUDGPLUDEO\
$KPRQVLHXUUHWXUQHG$OEHUW,ZRXOGQHYHUIRUJLYH\RX
WKLVPLVWDNHLI\RXKDGVHHQDQRWKHUSLFWXUHEHVLGHWKLV
<RXGRQRWNQRZP\PRWKHUVKHLWLVZKRP\RXVHHKHUH6KH
KDGKHUSRUWUDLWSDLQWHGWKXVVL[RUHLJKW\HDUVDJR7KLV
FRVWXPHLVDIDQF\RQHLWDSSHDUVDQGWKHUHVHPEODQFHLV
VRJUHDWWKDW,WKLQN,VWLOOVHHP\PRWKHUWKHVDPHDVVKH
ZDVLQ7KHFRXQWHVVKDGWKLVSRUWUDLWSDLQWHGGXULQJ
WKHFRXQW
VDEVHQFH6KHGRXEWOHVVLQWHQGHGJLYLQJKLPDQ
DJUHHDEOHVXUSULVHEXWVWUDQJHWRVD\WKLVSRUWUDLW
VHHPHGWRGLVSOHDVHP\IDWKHUDQGWKHYDOXHRIWKHSLFWXUH
ZKLFKLVDV\RXVHHRQHRIWKHEHVWZRUNVRI/HRSROG
5REHUWFRXOGQRWRYHUFRPHKLVGLVOLNHWRLW,WLVWUXH
EHWZHHQRXUVHOYHVWKDW0GH0RUFHUILVRQHRIWKHPRVW
DVVLGXRXVSHHUVDWWKH/X[HPERXUJDJHQHUDOUHQRZQHGIRU
WKHRU\EXWDPRVWPHGLRFUHDPDWHXURIDUW,WLVGLIIHUHQW
ZLWKP\PRWKHUZKRSDLQWVH[FHHGLQJO\ZHOODQGZKR
XQZLOOLQJWRSDUWZLWKVRYDOXDEOHDSLFWXUHJDYHLWWRPH

525

WRSXWKHUHZKHUHLWZRXOGEHOHVVOLNHO\WRGLVSOHDVH0
GH0RUFHUIZKRVHSRUWUDLWE\*URV,ZLOODOVRVKRZ\RX
([FXVHP\WDONLQJRIIDPLO\PDWWHUVEXWDV,VKDOOKDYHWKH
KRQRURILQWURGXFLQJ\RXWRWKHFRXQW,WHOO\RXWKLVWR
SUHYHQW\RXPDNLQJDQ\DOOXVLRQVWRWKLVSLFWXUH7KH
SLFWXUHVHHPVWRKDYHDPDOLJQLQIOXHQFHIRUP\PRWKHU
UDUHO\FRPHVKHUHZLWKRXWORRNLQJDWLWDQGVWLOOPRUH
UDUHO\GRHVVKHORRNDWLWZLWKRXWZHHSLQJ7KLV
GLVDJUHHPHQWLVWKHRQO\RQHWKDWKDVHYHUWDNHQSODFH
EHWZHHQWKHFRXQWDQGFRXQWHVVZKRDUHVWLOODVPXFK
XQLWHGDOWKRXJKPDUULHGPRUHWKDQWZHQW\\HDUVDVRQWKH
ILUVWGD\RIWKHLUZHGGLQJ
0RQWH&ULVWRJODQFHGUDSLGO\DW$OEHUWDVLIWRVHHND
KLGGHQPHDQLQJLQKLVZRUGVEXWLWZDVHYLGHQWWKH\RXQJ
PDQXWWHUHGWKHPLQWKHVLPSOLFLW\RIKLVKHDUW1RZVDLG
$OEHUWWKDW\RXKDYHVHHQDOOP\WUHDVXUHVDOORZPHWR
RIIHUWKHPWR\RXXQZRUWK\DVWKH\DUH&RQVLGHU\RXUVHOI
DVLQ\RXURZQKRXVHDQGWRSXW\RXUVHOIVWLOOPRUHDW\RXU
HDVHSUD\DFFRPSDQ\PHWRWKHDSDUWPHQWVRI0GH0RUFHUI
KHZKRP,ZURWHIURP5RPHDQDFFRXQWRIWKHVHUYLFHV\RX
UHQGHUHGPHDQGWRZKRP,DQQRXQFHG\RXUSURPLVHGYLVLW
DQG,PD\VD\WKDWERWKWKHFRXQWDQGFRXQWHVVDQ[LRXVO\
GHVLUHWRWKDQN\RXLQSHUVRQ<RXDUHVRPHZKDWEODVH,
NQRZDQGIDPLO\VFHQHVKDYHQRWPXFKHIIHFWRQ6LQEDGWKH
6DLORUZKRKDVVHHQVRPDQ\RWKHUV+RZHYHUDFFHSWZKDW,
SURSRVHWR\RXDVDQLQLWLDWLRQLQWR3DULVLDQOLIHDOLIH
RISROLWHQHVVYLVLWLQJDQGLQWURGXFWLRQV0RQWH&ULVWR
ERZHGZLWKRXWPDNLQJDQ\DQVZHUKHDFFHSWHGWKHRIIHU
ZLWKRXWHQWKXVLDVPDQGZLWKRXWUHJUHWDVRQHRIWKRVH
FRQYHQWLRQVRIVRFLHW\ZKLFKHYHU\JHQWOHPDQORRNVXSRQDVD
GXW\$OEHUWVXPPRQHGKLVVHUYDQWDQGRUGHUHGKLPWR
DFTXDLQW0DQG0DGDPHGH0RUFHUIRIWKHDUULYDORIWKH
&RXQWRI0RQWH&ULVWR$OEHUWIROORZHGKLPZLWKWKHFRXQW
:KHQWKH\DUULYHGDWWKHDQWHFKDPEHUDERYHWKHGRRUZDV
YLVLEOHDVKLHOGZKLFKE\LWVULFKRUQDPHQWVDQGLWV
KDUPRQ\ZLWKWKHUHVWRIWKHIXUQLWXUHLQGLFDWHGWKH
LPSRUWDQFHWKHRZQHUDWWDFKHGWRWKLVEOD]RQ0RQWH&ULVWR
VWRSSHGDQGH[DPLQHGLWDWWHQWLYHO\
$]XUHVHYHQPHUOHWVRUSODFHGEHQGHUVDLGKH7KHVH
DUHGRXEWOHVV\RXUIDPLO\DUPV"([FHSWWKHNQRZOHGJHRI
EOD]RQVWKDWHQDEOHVPHWRGHFLSKHUWKHP,DPYHU\
LJQRUDQWRIKHUDOGU\,DFRXQWRIDIUHVKFUHDWLRQ

526

IDEULFDWHGLQ7XVFDQ\E\WKHDLGRIDFRPPDQGHU\RI6W
6WHSKHQDQGZKRZRXOGQRWKDYHWDNHQWKHWURXEOHKDG,QRW
EHHQWROGWKDWZKHQ\RXWUDYHOPXFKLWLVQHFHVVDU\
%HVLGHV\RXPXVWKDYHVRPHWKLQJRQWKHSDQHOVRI\RXU
FDUULDJHWRHVFDSHEHLQJVHDUFKHGE\WKHFXVWRPKRXVH
RIILFHUV([FXVHP\SXWWLQJVXFKDTXHVWLRQWR\RX
,WLVQRWLQGLVFUHHWUHWXUQHG0RUFHUIZLWKWKH
VLPSOLFLW\RIFRQYLFWLRQ<RXKDYHJXHVVHGULJKWO\7KHVH
DUHRXUDUPVWKDWLVWKRVHRIP\IDWKHUEXWWKH\DUHDV
\RXVHHMRLQHGWRDQRWKHUVKLHOGZKLFKKDVJXOHVDVLOYHU
WRZHUZKLFKDUHP\PRWKHU
V%\KHUVLGH,DP6SDQLVKEXW
WKHIDPLO\RI0RUFHUILV)UHQFKDQG,KDYHKHDUGRQHRI
WKHROGHVWRIWKHVRXWKRI)UDQFH
<HVUHSOLHG0RQWH&ULVWRWKHVHEOD]RQVSURYHWKDW
$OPRVWDOOWKHDUPHGSLOJULPVWKDWZHQWWRWKH+RO\/DQG
WRRNIRUWKHLUDUPVHLWKHUDFURVVLQKRQRURIWKHLU
PLVVLRQRUELUGVRISDVVDJHLQVLJQRIWKHORQJYR\DJH
WKH\ZHUHDERXWWRXQGHUWDNHDQGZKLFKWKH\KRSHGWR
DFFRPSOLVKRQWKHZLQJVRIIDLWK2QHRI\RXUDQFHVWRUVKDG
MRLQHGWKH&UXVDGHVDQGVXSSRVLQJLWWREHRQO\WKDWRI6W
/RXLVWKDWPDNHV\RXPRXQWWRWKHWKLUWHHQWKFHQWXU\ZKLFK
LVWROHUDEO\DQFLHQW
,WLVSRVVLEOHVDLG0RUFHUIP\IDWKHUKDVLQKLVVWXG\
DJHQHDORJLFDOWUHHZKLFKZLOOWHOO\RXDOOWKDWDQGRQ
ZKLFK,PDGHFRPPHQWDULHVWKDWZRXOGKDYHJUHDWO\HGLILHG
+R]LHUDQG-DXFRXUW$WSUHVHQW,QRORQJHUWKLQNRILWDQG
\HW,PXVWWHOO\RXWKDWZHDUHEHJLQQLQJWRRFFXS\
RXUVHOYHVJUHDWO\ZLWKWKHVHWKLQJVXQGHURXUSRSXODU
JRYHUQPHQW
:HOOWKHQ\RXUJRYHUQPHQWZRXOGGRZHOOWRFKRRVHIURP
WKHSDVWVRPHWKLQJEHWWHUWKDQWKHWKLQJVWKDW,KDYH
QRWLFHGRQ\RXUPRQXPHQWVDQGZKLFKKDYHQRKHUDOGLF
PHDQLQJZKDWHYHU$VIRU\RXYLVFRXQWFRQWLQXHG0RQWH
&ULVWRWR0RUFHUI\RXDUHPRUHIRUWXQDWHWKDQWKH
JRYHUQPHQWIRU\RXUDUPVDUHUHDOO\EHDXWLIXODQGVSHDNWR
WKHLPDJLQDWLRQ<HV\RXDUHDWRQFHIURP3URYHQFHDQG
6SDLQWKDWH[SODLQVLIWKHSRUWUDLW\RXVKRZHGPHEHOLNH
WKHGDUNKXH,VRPXFKDGPLUHGRQWKHYLVDJHRIWKHQREOH
&DWDODQ,WZRXOGKDYHUHTXLUHGWKHSHQHWUDWLRQRI2HGLSXV
RUWKH6SKLQ[WRKDYHGLYLQHGWKHLURQ\WKHFRXQWFRQFHDOHG

527

EHQHDWKWKHVHZRUGVDSSDUHQWO\XWWHUHGZLWKWKHJUHDWHVW
SROLWHQHVV0RUFHUIWKDQNHGKLPZLWKDVPLOHDQGSXVKHG
RSHQWKHGRRUDERYHZKLFKZHUHKLVDUPVDQGZKLFKDVZH
KDYHVDLGRSHQHGLQWRWKHVDORQ,QWKHPRVWFRQVSLFXRXV
SDUWRIWKHVDORQZDVDQRWKHUSRUWUDLW,WZDVWKDWRID
PDQIURPILYHWRHLJKWDQGWKLUW\LQWKHXQLIRUPRID
JHQHUDORIILFHUZHDULQJWKHGRXEOHHSDXOHWRIKHDY\
EXOOLRQWKDWLQGLFDWHVVXSHULRUUDQNWKHULEERQRIWKH
/HJLRQRI+RQRUDURXQGKLVQHFNZKLFKVKRZHGKHZDVD
FRPPDQGHUDQGRQWKHULJKWEUHDVWWKHVWDURIDJUDQG
RIILFHURIWKHRUGHURIWKH6DYLRXUDQGRQWKHOHIWWKDWRI
WKHJUDQGFURVVRI&KDUOHV,,,ZKLFKSURYHGWKDWWKH
SHUVRQUHSUHVHQWHGE\WKHSLFWXUHKDGVHUYHGLQWKHZDUVRI
*UHHFHDQG6SDLQRUZKDWZDVMXVWWKHVDPHWKLQJDV
UHJDUGHGGHFRUDWLRQVKDGIXOILOOHGVRPHGLSORPDWLFPLVVLRQ
LQWKHWZRFRXQWULHV
0RQWH&ULVWRZDVHQJDJHGLQH[DPLQLQJWKLVSRUWUDLWZLWKQR
OHVVFDUHWKDQKHKDGEHVWRZHGXSRQWKHRWKHUZKHQDQRWKHU
GRRURSHQHGDQGKHIRXQGKLPVHOIRSSRVLWHWRWKH&RXQWRI
0RUFHUILQSHUVRQ+HZDVDPDQRIIRUW\WRIRUW\ILYH
\HDUVEXWKHVHHPHGDWOHDVWILIW\DQGKLVEODFNPXVWDFKH
DQGH\HEURZVFRQWUDVWHGVWUDQJHO\ZLWKKLVDOPRVWZKLWH
KDLUZKLFKZDVFXWVKRUWLQWKHPLOLWDU\IDVKLRQ+HZDV
GUHVVHGLQSODLQFORWKHVDQGZRUHDWKLVEXWWRQKROHWKH
ULEERQVRIWKHGLIIHUHQWRUGHUVWRZKLFKKHEHORQJHG+H
HQWHUHGZLWKDWROHUDEO\GLJQLILHGVWHSDQGVRPHOLWWOH
KDVWH0RQWH&ULVWRVDZKLPDGYDQFHWRZDUGVKLPZLWKRXW
PDNLQJDVLQJOHVWHS,WVHHPHGDVLIKLVIHHWZHUHURRWHG
WRWKHJURXQGDQGKLVH\HVRQWKH&RXQWRI0RUFHUI
)DWKHUVDLGWKH\RXQJPDQ,KDYHWKHKRQRURI
SUHVHQWLQJWR\RXWKH&RXQWRI0RQWH&ULVWRWKHJHQHURXV
IULHQGZKRP,KDGWKHJRRGIRUWXQHWRPHHWLQWKHFULWLFDO
VLWXDWLRQRIZKLFK,KDYHWROG\RX
<RXDUHPRVWZHOFRPHPRQVLHXUVDLGWKH&RXQWRI0RUFHUI
VDOXWLQJ0RQWH&ULVWRZLWKDVPLOHDQGPRQVLHXUKDV
UHQGHUHGRXUKRXVHLQSUHVHUYLQJLWVRQO\KHLUDVHUYLFH
ZKLFKLQVXUHVKLPRXUHWHUQDOJUDWLWXGH$VKHVDLGWKHVH
ZRUGVWKHFRXQWRI0RUFHUISRLQWHGWRDFKDLUZKLOHKH
VHDWHGKLPVHOILQDQRWKHURSSRVLWHWKHZLQGRZ
0RQWH&ULVWRLQWDNLQJWKHVHDW0RUFHUIRIIHUHGKLPSODFHG
KLPVHOILQVXFKDPDQQHUDVWRUHPDLQFRQFHDOHGLQWKH

528

VKDGRZRIWKHODUJHYHOYHWFXUWDLQVDQGUHDGRQWKH
FDUHZRUQDQGOLYLGIHDWXUHVRIWKHFRXQWDZKROHKLVWRU\RI
VHFUHWJULHIVZULWWHQLQHDFKZULQNOHWLPHKDGSODQWHG
WKHUH7KHFRXQWHVVVDLG0RUFHUIZDVDWKHUWRLOHWZKHQ
VKHZDVLQIRUPHGRIWKHYLVLWVKHZDVDERXWWRUHFHLYH6KH
ZLOOKRZHYHUEHLQWKHVDORQLQWHQPLQXWHV
,WLVDJUHDWKRQRUWRPHUHWXUQHG0RQWH&ULVWRWREH
WKXVRQWKHILUVWGD\RIP\DUULYDOLQ3DULVEURXJKWLQ
FRQWDFWZLWKDPDQZKRVHPHULWHTXDOVKLVUHSXWDWLRQDQGWR
ZKRPIRUWXQHKDVIRURQFHEHHQHTXLWDEOHEXWKDVVKHQRW
VWLOORQWKHSODLQVRI0HWLGMDRULQWKHPRXQWDLQVRI
$WODVDPDUVKDO
VVWDIIWRRIIHU\RX"
2KUHSOLHG0RUFHUIUHGGHQLQJVOLJKWO\,KDYHOHIWWKH
VHUYLFHPRQVLHXU0DGHDSHHUDWWKH5HVWRUDWLRQ,VHUYHG
WKURXJKWKHILUVWFDPSDLJQXQGHUWKHRUGHUVRI0DUVKDO
%RXUPRQW,FRXOGWKHUHIRUHH[SHFWDKLJKHUUDQNDQGZKR
NQRZVZKDWPLJKWKDYHKDSSHQHGKDGWKHHOGHUEUDQFKUHPDLQHG
RQWKHWKURQH"%XWWKH5HYROXWLRQRI-XO\ZDVLWVHHPV
VXIILFLHQWO\JORULRXVWRDOORZLWVHOIWREHXQJUDWHIXODQG
LWZDVVRIRUDOOVHUYLFHVWKDWGLGQRWGDWHIURPWKH
LPSHULDOSHULRG,WHQGHUHGP\UHVLJQDWLRQIRUZKHQ\RX
KDYHJDLQHG\RXUHSDXOHWVRQWKHEDWWOHILHOG\RXGRQRW
NQRZKRZWRPDQRHXYUHRQWKHVOLSSHU\JURXQGVRIWKHVDORQV
,KDYHKXQJXSP\VZRUGDQGFDVWP\VHOILQWRSROLWLFV,
KDYHGHYRWHGP\VHOIWRLQGXVWU\,VWXG\WKHXVHIXODUWV
'XULQJWKHWZHQW\\HDUV,VHUYHG,RIWHQZLVKHGWRGRVR
EXW,KDGQRWWKHWLPH
7KHVHDUHWKHLGHDVWKDWUHQGHU\RXUQDWLRQVXSHULRUWRDQ\
RWKHUUHWXUQHG0RQWH&ULVWR$JHQWOHPDQRIKLJKELUWK
SRVVHVVRURIDQDPSOHIRUWXQH\RXKDYHFRQVHQWHGWRJDLQ
\RXUSURPRWLRQDVDQREVFXUHVROGLHUVWHSE\VWHSWKLV
LVXQFRPPRQWKHQEHFRPHJHQHUDOSHHURI)UDQFHFRPPDQGHU
RIWKH/HJLRQRI+RQRU\RXFRQVHQWWRDJDLQFRPPHQFHD
VHFRQGDSSUHQWLFHVKLSZLWKRXWDQ\RWKHUKRSHRUDQ\RWKHU
GHVLUHWKDQWKDWRIRQHGD\EHFRPLQJXVHIXOWR\RXU
IHOORZFUHDWXUHVWKLVLQGHHGLVSUDLVHZRUWK\QD\
PRUHLWLVVXEOLPH$OEHUWORRNHGRQDQGOLVWHQHGZLWK
DVWRQLVKPHQWKHZDVQRWXVHGWRVHH0RQWH&ULVWRJLYHYHQW
WRVXFKEXUVWVRIHQWKXVLDVP$ODVFRQWLQXHGWKH
VWUDQJHUGRXEWOHVVWRGLVSHOWKHVOLJKWFORXGWKDWFRYHUHG
0RUFHUI
VEURZZHGRQRWDFWWKXVLQ,WDO\ZHJURZ

529

DFFRUGLQJWRRXUUDFHDQGRXUVSHFLHVDQGZHSXUVXHWKH
VDPHOLQHVDQGRIWHQWKHVDPHXVHOHVVQHVVDOORXUOLYHV
%XWPRQVLHXUVDLGWKH&RXQWRI0RUFHUIIRUDPDQRI
\RXUPHULW,WDO\LVQRWDFRXQWU\DQG)UDQFHRSHQVKHU
DUPVWRUHFHLYH\RXUHVSRQGWRKHUFDOO)UDQFHZLOOQRW
SHUKDSVEHDOZD\VXQJUDWHIXO6KHWUHDWVKHUFKLOGUHQLOO
EXWVKHDOZD\VZHOFRPHVVWUDQJHUV
$KIDWKHUVDLG$OEHUWZLWKDVPLOHLWLVHYLGHQW\RX
GRQRWNQRZWKH&RXQWRI0RQWH&ULVWRKHGHVSLVHVDOO
KRQRUVDQGFRQWHQWVKLPVHOIZLWKWKRVHZULWWHQRQKLV
SDVVSRUW
7KDWLVWKHPRVWMXVWUHPDUNUHSOLHGWKHVWUDQJHU,
HYHUKHDUGPDGHFRQFHUQLQJP\VHOI
<RXKDYHEHHQIUHHWRFKRRVH\RXUFDUHHUREVHUYHGWKH
&RXQWRI0RUFHUIZLWKDVLJKDQG\RXKDYHFKRVHQWKHSDWK
VWUHZHGZLWKIORZHUV
3UHFLVHO\PRQVLHXUUHSOLHG0RQWH&ULVWRZLWKRQHRI
WKRVHVPLOHVWKDWDSDLQWHUFRXOGQHYHUUHSUHVHQWRUD
SK\VLRORJLVWDQDO\]H
,I,GLGQRWIHDUWRIDWLJXH\RXVDLGWKHJHQHUDO
HYLGHQWO\FKDUPHGZLWKWKHFRXQW
VPDQQHUV,ZRXOGKDYH
WDNHQ\RXWRWKH&KDPEHUWKHUHLVDGHEDWHYHU\FXULRXVWR
WKRVHZKRDUHVWUDQJHUVWRRXUPRGHUQVHQDWRUV
,VKDOOEHPRVWJUDWHIXOPRQVLHXULI\RXZLOODWVRPH
IXWXUHWLPHUHQHZ\RXURIIHUEXW,KDYHEHHQIODWWHUHG
ZLWKWKHKRSHRIEHLQJLQWURGXFHGWRWKHFRXQWHVVDQG,
ZLOOWKHUHIRUHZDLW
$KKHUHLVP\PRWKHUFULHGWKHYLVFRXQW0RQWH&ULVWR
WXUQHGURXQGKDVWLO\DQGVDZ0DGDPHGH0RUFHUIDWWKH
HQWUDQFHRIWKHVDORQDWWKHGRRURSSRVLWHWRWKDWE\ZKLFK
KHUKXVEDQGKDGHQWHUHGSDOHDQGPRWLRQOHVVZKHQ0RQWH
&ULVWRWXUQHGURXQGVKHOHWIDOOKHUDUPZKLFKIRUVRPH
XQNQRZQUHDVRQKDGEHHQUHVWLQJRQWKHJLOGHGGRRUSRVW6KH
KDGEHHQWKHUHVRPHPRPHQWVDQGKDGKHDUGWKHODVWZRUGVRI
WKHYLVLWRU7KHODWWHUURVHDQGERZHGWRWKHFRXQWHVVZKR
LQFOLQHGKHUVHOIZLWKRXWVSHDNLQJ$KJRRGKHDYHQV

530

PDGDPHVDLGWKHFRXQWDUH\RXLOORULVLWWKHKHDWRI
WKHURRPWKDWDIIHFWV\RX"
$UH\RXLOOPRWKHU"FULHGWKHYLVFRXQWVSULQJLQJWRZDUGV
KHU
6KHWKDQNHGWKHPERWKZLWKDVPLOH1RUHWXUQHGVKHEXW
,IHHOVRPHHPRWLRQRQVHHLQJIRUWKHILUVWWLPHWKHPDQ
ZLWKRXWZKRVHLQWHUYHQWLRQZHVKRXOGKDYHEHHQLQWHDUVDQG
GHVRODWLRQ0RQVLHXUFRQWLQXHGWKHFRXQWHVVDGYDQFLQJ
ZLWKWKHPDMHVW\RIDTXHHQ,RZHWR\RXWKHOLIHRIP\
VRQDQGIRUWKLV,EOHVV\RX1RZ,WKDQN\RXIRUWKH
SOHDVXUH\RXJLYHPHLQWKXVDIIRUGLQJPHWKHRSSRUWXQLW\RI
WKDQNLQJ\RXDV,KDYHEOHVVHG\RXIURPWKHERWWRPRIP\
KHDUW7KHFRXQWERZHGDJDLQEXWORZHUWKDQEHIRUH+HZDV
HYHQSDOHUWKDQ0HUFHGHV0DGDPHVDLGKHWKHFRXQWDQG
\RXUVHOIUHFRPSHQVHWRRJHQHURXVO\DVLPSOHDFWLRQ7RVDYH
DPDQWRVSDUHDIDWKHU
VIHHOLQJVRUDPRWKHU
V
VHQVLELOLW\LVQRWWRGRDJRRGDFWLRQEXWDVLPSOHGHHG
RIKXPDQLW\$WWKHVHZRUGVXWWHUHGZLWKWKHPRVW
H[TXLVLWHVZHHWQHVVDQGSROLWHQHVV0DGDPHGH0RUFHUI
UHSOLHG,WLVYHU\IRUWXQDWHIRUP\VRQPRQVLHXUWKDWKH
IRXQGVXFKDIULHQGDQG,WKDQN*RGWKDWWKLQJVDUHWKXV
$QG0HUFHGHVUDLVHGKHUILQHH\HVWRKHDYHQZLWKVRIHUYHQW
DQH[SUHVVLRQRIJUDWLWXGHWKDWWKHFRXQWIDQFLHGKHVDZ
WHDUVLQWKHP0GH0RUFHUIDSSURDFKHGKHU0DGDPHVDLG
KH,KDYHDOUHDG\PDGHP\H[FXVHVWRWKHFRXQWIRU
TXLWWLQJKLPDQG,SUD\\RXWRGRVRDOVR7KHVLWWLQJ
FRPPHQFHVDWWZRLWLVQRZWKUHHDQG,DPWRVSHDN
*RWKHQDQGPRQVLHXUDQG,ZLOOVWULYHRXUEHVWWRIRUJHW
\RXUDEVHQFHUHSOLHGWKHFRXQWHVVZLWKWKHVDPHWRQHRI
GHHSIHHOLQJ0RQVLHXUFRQWLQXHGVKHWXUQLQJWR0RQWH
&ULVWRZLOO\RXGRXVWKHKRQRURISDVVLQJWKHUHVWRIWKH
GD\ZLWKXV"
%HOLHYHPHPDGDPH,IHHOPRVWJUDWHIXOIRU\RXUNLQGQHVV
EXW,JRWRXWRIP\WUDYHOOLQJFDUULDJHDW\RXUGRRUWKLV
PRUQLQJDQG,DPLJQRUDQWKRZ,DPLQVWDOOHGLQ3DULV
ZKLFK,VFDUFHO\NQRZWKLVLVEXWDWULIOLQJLQTXLHWXGH,
NQRZEXWRQHWKDWPD\EHDSSUHFLDWHG
:HVKDOOKDYHWKHSOHDVXUHDQRWKHUWLPHVDLGWKH
FRXQWHVV\RXSURPLVHWKDW"0RQWH&ULVWRLQFOLQHGKLPVHOI

531

ZLWKRXWDQVZHULQJEXWWKHJHVWXUHPLJKWSDVVIRUDVVHQW,
ZLOOQRWGHWDLQ\RXPRQVLHXUFRQWLQXHGWKHFRXQWHVV,
ZRXOGQRWKDYHRXUJUDWLWXGHEHFRPHLQGLVFUHHWRU
LPSRUWXQDWH
0\GHDU&RXQWVDLG$OEHUW,ZLOOHQGHDYRUWRUHWXUQ
\RXUSROLWHQHVVDW5RPHDQGSODFHP\FRXSHDW\RXUGLVSRVDO
XQWLO\RXURZQEHUHDG\
$WKRXVDQGWKDQNVIRU\RXUNLQGQHVVYLVFRXQWUHWXUQHG
WKH&RXQWRI0RQWH&ULVWREXW,VXSSRVHWKDW0%HUWXFFLR
KDVVXLWDEO\HPSOR\HGWKHIRXUKRXUVDQGDKDOI,KDYHJLYHQ
KLPDQGWKDW,VKDOOILQGDFDUULDJHRIVRPHVRUWUHDG\DW
WKHGRRU$OEHUWZDVXVHGWRWKHFRXQW
VPDQQHURI
SURFHHGLQJKHNQHZWKDWOLNH1HURKHZDVLQVHDUFKRIWKH
LPSRVVLEOHDQGQRWKLQJDVWRQLVKHGKLPEXWZLVKLQJWRMXGJH
ZLWKKLVRZQH\HVKRZIDUWKHFRXQW
VRUGHUVKDGEHHQ
H[HFXWHGKHDFFRPSDQLHGKLPWRWKHGRRURIWKHKRXVH0RQWH
&ULVWRZDVQRWGHFHLYHG$VVRRQDVKHDSSHDUHGLQWKH&RXQW
RI0RUFHUI
VDQWHFKDPEHUDIRRWPDQWKHVDPHZKRDW5RPH
KDGEURXJKWWKHFRXQW
VFDUGWRWKHWZR\RXQJPHQDQG
DQQRXQFHGKLVYLVLWVSUDQJLQWRWKHYHVWLEXOHDQGZKHQKH
DUULYHGDWWKHGRRUWKHLOOXVWULRXVWUDYHOOHUIRXQGKLV
FDUULDJHDZDLWLQJKLP,WZDVDFRXSHRI.ROOHU
VEXLOGLQJ
DQGZLWKKRUVHVDQGKDUQHVVIRUZKLFK'UDNHKDGWRWKH
NQRZOHGJHRIDOOWKHOLRQVRI3DULVUHIXVHGRQWKHSUHYLRXV
GD\VHYHQKXQGUHGJXLQHDV0RQVLHXUVDLGWKHFRXQWWR
$OEHUW,GRQRWDVN\RXWRDFFRPSDQ\PHWRP\KRXVHDV,
FDQRQO\VKRZ\RXDKDELWDWLRQILWWHGXSLQDKXUU\DQG,
KDYHDV\RXNQRZDUHSXWDWLRQWRNHHSXSDVUHJDUGVQRW
EHLQJWDNHQE\VXUSULVH*LYHPHWKHUHIRUHRQHPRUHGD\
EHIRUH,LQYLWH\RX,VKDOOWKHQEHFHUWDLQQRWWRIDLOLQ
P\KRVSLWDOLW\
,I\RXDVNPHIRUDGD\FRXQW,NQRZZKDWWRDQWLFLSDWH
LWZLOOQRWEHDKRXVH,VKDOOVHHEXWDSDODFH<RXKDYH
GHFLGHGO\VRPHJHQLXVDW\RXUFRQWURO
0DIRLVSUHDGWKDWLGHDUHSOLHGWKH&RXQWRI0RQWH
&ULVWRSXWWLQJKLVIRRWRQWKHYHOYHWOLQHGVWHSVRIKLV
VSOHQGLGFDUULDJHDQGWKDWZLOOEHZRUWKVRPHWKLQJWRPH
DPRQJWKHODGLHV$VKHVSRNHKHVSUDQJLQWRWKHYHKLFOH
WKHGRRUZDVFORVHGEXWQRWVRUDSLGO\WKDW0RQWH&ULVWR
IDLOHGWRSHUFHLYHWKHDOPRVWLPSHUFHSWLEOHPRYHPHQWZKLFK

532

VWLUUHGWKHFXUWDLQVRIWKHDSDUWPHQWLQZKLFKKHKDGOHIW
0DGDPHGH0RUFHUI:KHQ$OEHUWUHWXUQHGWRKLVPRWKHUKH
IRXQGKHULQWKHERXGRLUUHFOLQLQJLQDODUJHYHOYHW
DUPFKDLUWKHZKROHURRPVRREVFXUHWKDWRQO\WKHVKLQLQJ
VSDQJOHIDVWHQHGKHUHDQGWKHUHWRWKHGUDSHU\DQGWKH
DQJOHVRIWKHJLOGHGIUDPHVRIWKHSLFWXUHVVKRZHGZLWK
VRPHGHJUHHRIEULJKWQHVVLQWKHJORRP$OEHUWFRXOGQRWVHH
WKHIDFHRIWKHFRXQWHVVDVLWZDVFRYHUHGZLWKDWKLQYHLO
VKHKDGSXWRQKHUKHDGDQGZKLFKIHOORYHUKHUIHDWXUHVLQ
PLVW\IROGVEXWLWVHHPHGWRKLPDVWKRXJKKHUYRLFHKDG
DOWHUHG+HFRXOGGLVWLQJXLVKDPLGWKHSHUIXPHVRIWKHURVHV
DQGKHOLRWURSHVLQWKHIORZHUVWDQGVWKHVKDUSDQGIUDJUDQW
RGRURIYRODWLOHVDOWVDQGKHQRWLFHGLQRQHRIWKHFKDVHG
FXSVRQWKHPDQWOHSLHFHWKHFRXQWHVV
VVPHOOLQJERWWOH
WDNHQIURPLWVVKDJUHHQFDVHDQGH[FODLPHGLQDWRQHRI
XQHDVLQHVVDVKHHQWHUHG0\GHDUPRWKHUKDYH\RXEHHQ
LOOGXULQJP\DEVHQFH"
1RQR$OEHUWEXW\RXNQRZWKHVHURVHVWXEHURVHVDQG
RUDQJHIORZHUVWKURZRXWDWILUVWEHIRUHRQHLVXVHGWR
WKHPVXFKYLROHQWSHUIXPHV
7KHQP\GHDUPRWKHUVDLG$OEHUWSXWWLQJKLVKDQGWRWKH
EHOOWKH\PXVWEHWDNHQLQWRWKHDQWHFKDPEHU<RXDUH
UHDOO\LOODQGMXVWQRZZHUHVRSDOHDV\RXFDPHLQWRWKH
URRP
:DV,SDOH$OEHUW"
<HVDSDOORUWKDWVXLWV\RXDGPLUDEO\PRWKHUEXWZKLFK
GLGQRWWKHOHVVDODUPP\IDWKHUDQGP\VHOI
'LG\RXUIDWKHUVSHDNRILW"LQTXLUHG0HUFHGHVHDJHUO\
1RPDGDPHEXWGR\RXQRWUHPHPEHUWKDWKHVSRNHRIWKH
IDFWWR\RX"
<HV,GRUHPHPEHUUHSOLHGWKHFRXQWHVV$VHUYDQW
HQWHUHGVXPPRQHGE\$OEHUW
VULQJRIWKHEHOO7DNHWKHVH
IORZHUVLQWRWKHDQWHURRPRUGUHVVLQJURRPVDLGWKH
YLVFRXQWWKH\PDNHWKHFRXQWHVVLOO7KHIRRWPDQREH\HG
KLVRUGHUV$ORQJSDXVHHQVXHGZKLFKODVWHGXQWLODOOWKH
IORZHUVZHUHUHPRYHG:KDWLVWKLVQDPHRI0RQWH&ULVWR"
LQTXLUHGWKHFRXQWHVVZKHQWKHVHUYDQWKDGWDNHQDZD\WKH

533

ODVWYDVHRIIORZHUVLVLWDIDPLO\QDPHRUWKHQDPHRI
WKHHVWDWHRUDVLPSOHWLWOH"
,EHOLHYHPRWKHULWLVPHUHO\DWLWOH7KHFRXQW
SXUFKDVHGDQLVODQGLQWKH7XVFDQDUFKLSHODJRDQGDVKH
WROG\RXWRGD\KDVIRXQGHGDFRPPDQGHU\<RXNQRZWKHVDPH
WKLQJZDVGRQHIRU6DLQW6WHSKHQRI)ORUHQFH6DLQW*HRUJH
&RQVWDQWLQLDQRI3DUPDDQGHYHQIRUWKH2UGHURI0DOWD
([FHSWWKLVKHKDVQRSUHWHQVLRQWRQRELOLW\DQGFDOOV
KLPVHOIDFKDQFHFRXQWDOWKRXJKWKHJHQHUDORSLQLRQDW5RPH
LVWKDWWKHFRXQWLVDPDQRIYHU\KLJKGLVWLQFWLRQ
+LVPDQQHUVDUHDGPLUDEOHVDLGWKHFRXQWHVVDWOHDVW
DVIDUDV,FRXOGMXGJHLQWKHIHZPLQXWHVKHUHPDLQHG
KHUH
7KH\DUHSHUIHFWPRWKHUVRSHUIHFWWKDWWKH\VXUSDVVE\
IDUDOO,KDYHNQRZQLQWKHOHDGLQJDULVWRFUDF\RIWKHWKUHH
SURXGHVWQRELOLWLHVRI(XURSHWKH(QJOLVKWKH6SDQLVK
DQGWKH*HUPDQ7KHFRXQWHVVSDXVHGDPRPHQWWKHQDIWHUD
VOLJKWKHVLWDWLRQVKHUHVXPHG<RXKDYHVHHQP\GHDU
$OEHUW,DVNWKHTXHVWLRQDVDPRWKHU\RXKDYHVHHQ0
GH0RQWH&ULVWRLQKLVKRXVH\RXDUHTXLFNVLJKWHGKDYH
PXFKNQRZOHGJHRIWKHZRUOGPRUHWDFWWKDQLVXVXDODW\RXU
DJHGR\RXWKLQNWKHFRXQWLVUHDOO\ZKDWKHDSSHDUVWR
EH"
:KDWGRHVKHDSSHDUWREH"
:K\\RXKDYHMXVWVDLGDPDQRIKLJKGLVWLQFWLRQ
,WROG\RXP\GHDUPRWKHUKHZDVHVWHHPHGVXFK
%XWZKDWLV\RXURZQRSLQLRQ$OEHUW"
,PXVWWHOO\RXWKDW,KDYHQRWFRPHWRDQ\GHFLGHGRSLQLRQ
UHVSHFWLQJKLPEXW,WKLQNKLPD0DOWHVH
,GRQRWDVN\RXRIKLVRULJLQEXWZKDWKHLV
$KZKDWKHLVWKDWLVTXLWHDQRWKHUWKLQJ,KDYHVHHQVR
PDQ\UHPDUNDEOHWKLQJVLQKLPWKDWLI\RXZRXOGKDYHPH
UHDOO\VD\ZKDW,WKLQN,VKDOOUHSO\WKDW,UHDOO\GRORRN
XSRQKLPDVRQHRI%\URQ
VKHURHVZKRPPLVHU\KDVPDUNHG

534

ZLWKDIDWDOEUDQGVRPH0DQIUHGVRPH/DUDVRPH:HUQHU
RQHRIWKRVHZUHFNVDVLWZHUHRIVRPHDQFLHQWIDPLO\
ZKRGLVLQKHULWHGRIWKHLUSDWULPRQ\KDYHDFKLHYHGRQHE\
WKHIRUFHRIWKHLUDGYHQWXURXVJHQLXVZKLFKKDVSODFHGWKHP
DERYHWKHODZVRIVRFLHW\
<RXVD\
,VD\WKDW0RQWH&ULVWRLVDQLVODQGLQWKHPLGVWRIWKH
0HGLWHUUDQHDQZLWKRXWLQKDELWDQWVRUJDUULVRQWKHUHVRUW
RIVPXJJOHUVRIDOOQDWLRQVDQGSLUDWHVRIHYHU\IODJ:KR
NQRZVZKHWKHURUQRWWKHVHLQGXVWULRXVZRUWKLHVGRQRWSD\
WRWKHLUIHXGDOORUGVRPHGXHVIRUKLVSURWHFWLRQ"
7KDWLVSRVVLEOHVDLGWKHFRXQWHVVUHIOHFWLQJ
1HYHUPLQGFRQWLQXHGWKH\RXQJPDQVPXJJOHURUQRW\RX
PXVWDJUHHPRWKHUGHDUDV\RXKDYHVHHQKLPWKDWWKH
&RXQWRI0RQWH&ULVWRLVDUHPDUNDEOHPDQZKRZLOOKDYHWKH
JUHDWHVWVXFFHVVLQWKHVDORQVRI3DULV:K\WKLVYHU\
PRUQLQJLQP\URRPVKHPDGHKLVHQWUHHDPRQJVWXVE\
VWULNLQJHYHU\PDQRIXVZLWKDPD]HPHQWQRWHYHQH[FHSWLQJ
&KDWHDX5HQDXG
$QGZKDWGR\RXVXSSRVHLVWKHFRXQW
VDJH"LQTXLUHG
0HUFHGHVHYLGHQWO\DWWDFKLQJJUHDWLPSRUWDQFHWRWKLV
TXHVWLRQ
7KLUW\ILYHRUWKLUW\VL[PRWKHU
6R\RXQJLWLVLPSRVVLEOHVDLG0HUFHGHVUHSO\LQJDW
WKHVDPHWLPHWRZKDW$OEHUWVDLGDVZHOODVWRKHURZQ
SULYDWHUHIOHFWLRQ
,WLVWKHWUXWKKRZHYHU7KUHHRUIRXUWLPHVKHKDVVDLG
WRPHDQGFHUWDLQO\ZLWKRXWWKHVOLJKWHVWSUHPHGLWDWLRQ
CDWVXFKDSHULRG,ZDVILYH\HDUVROGDWDQRWKHUWHQ\HDUV
ROGDWDQRWKHUWZHOYH
DQG,LQGXFHGE\FXULRVLW\ZKLFK
NHSWPHDOLYHWRWKHVHGHWDLOVKDYHFRPSDUHGWKHGDWHVDQG
QHYHUIRXQGKLPLQDFFXUDWH7KHDJHRIWKLVVLQJXODUPDQ
ZKRLVRIQRDJHLVWKHQ,DPFHUWDLQWKLUW\ILYH
%HVLGHVPRWKHUUHPDUNKRZYLYLGKLVH\HKRZUDYHQEODFN
KLVKDLUDQGKLVEURZWKRXJKVRSDOHLVIUHHIURP
ZULQNOHVKHLVQRWRQO\YLJRURXVEXWDOVR\RXQJ7KH

535

FRXQWHVVEHQWKHUKHDGDVLIEHQHDWKDKHDY\ZDYHRIELWWHU
WKRXJKWV$QGKDVWKLVPDQGLVSOD\HGDIULHQGVKLSIRU\RX
$OEHUW"VKHDVNHGZLWKDQHUYRXVVKXGGHU
,DPLQFOLQHGWRWKLQNVR
$QGGR\RXOLNHKLP"
:K\KHSOHDVHVPHLQVSLWHRI)UDQ]G
(SLQD\ZKRWULHVWR
FRQYLQFHPHWKDWKHLVDEHLQJUHWXUQHGIURPWKHRWKHU
ZRUOG7KHFRXQWHVVVKXGGHUHG$OEHUWVKHVDLGLQD
YRLFHZKLFKZDVDOWHUHGE\HPRWLRQ,KDYHDOZD\VSXW\RX
RQ\RXUJXDUGDJDLQVWQHZDFTXDLQWDQFHV1RZ\RXDUHDPDQ
DQGDUHDEOHWRJLYHPHDGYLFH\HW,UHSHDWWR\RX$OEHUW
EHSUXGHQW
:K\P\GHDUPRWKHULWLVQHFHVVDU\LQRUGHUWRPDNH\RXU
DGYLFHWXUQWRDFFRXQWWKDW,VKRXOGNQRZEHIRUHKDQGZKDW,
KDYHWRGLVWUXVW7KHFRXQWQHYHUSOD\VKHRQO\GULQNVSXUH
ZDWHUWLQJHGZLWKDOLWWOHVKHUU\DQGLVVRULFKWKDWKH
FDQQRWZLWKRXWLQWHQGLQJWRODXJKDWPHWU\WRERUURZ
PRQH\:KDWWKHQKDYH,WRIHDUIURPKLP"
<RXDUHULJKWVDLGWKHFRXQWHVVDQGP\IHDUVDUH
ZHDNQHVVHVSHFLDOO\ZKHQGLUHFWHGDJDLQVWDPDQZKRKDV
VDYHG\RXUOLIH+RZGLG\RXUIDWKHUUHFHLYHKLP$OEHUW",W
LVQHFHVVDU\WKDWZHVKRXOGEHPRUHWKDQFRPSODLVDQWWRWKH
FRXQW0GH0RUFHUILVVRPHWLPHVRFFXSLHGKLVEXVLQHVV
PDNHVKLPUHIOHFWLYHDQGKHPLJKWZLWKRXWLQWHQGLQJLW
1RWKLQJFRXOGEHLQEHWWHUWDVWHWKDQP\IDWKHU
VGHPHDQRU
PDGDPHVDLG$OEHUWQD\PRUHKHVHHPHGJUHDWO\
IODWWHUHGDWWZRRUWKUHHFRPSOLPHQWVZKLFKWKHFRXQWYHU\
VNLOIXOO\DQGDJUHHDEO\SDLGKLPZLWKDVPXFKHDVHDVLIKH
KDGNQRZQKLPWKHVHWKLUW\\HDUV(DFKRIWKHVHOLWWOH
WLFNOLQJDUURZVPXVWKDYHSOHDVHGP\IDWKHUDGGHG$OEHUW
ZLWKDODXJK$QGWKXVWKH\SDUWHGWKHEHVWSRVVLEOH
IULHQGVDQG0GH0RUFHUIHYHQZLVKHGWRWDNHKLPWRWKH
&KDPEHUWRKHDUWKHVSHDNHUV7KHFRXQWHVVPDGHQRUHSO\
6KHIHOOLQWRVRGHHSDUHYHU\WKDWKHUH\HVJUDGXDOO\
FORVHG7KH\RXQJPDQVWDQGLQJXSEHIRUHKHUJD]HGXSRQ
KHUZLWKWKDWILOLDODIIHFWLRQZKLFKLVVRWHQGHUDQG
HQGHDULQJZLWKFKLOGUHQZKRVHPRWKHUVDUHVWLOO\RXQJDQG
KDQGVRPH7KHQDIWHUVHHLQJKHUH\HVFORVHGDQGKHDULQJ

536

KHUEUHDWKHJHQWO\KHEHOLHYHGVKHKDGGURSSHGDVOHHSDQG
OHIWWKHDSDUWPHQWRQWLSWRHFORVLQJWKHGRRUDIWHUKLP
ZLWKWKHXWPRVWSUHFDXWLRQ7KLVGHYLORIDIHOORZKH
PXWWHUHGVKDNLQJKLVKHDG,VDLGDWWKHWLPHKHZRXOG
FUHDWHDVHQVDWLRQKHUHDQG,PHDVXUHKLVHIIHFWE\DQ
LQIDOOLEOHWKHUPRPHWHU0\PRWKHUKDVQRWLFHGKLPDQGKH
PXVWWKHUHIRUHSHUIRUFHEHUHPDUNDEOH+HZHQWGRZQWR
WKHVWDEOHVQRWZLWKRXWVRPHVOLJKWDQQR\DQFHZKHQKH
UHPHPEHUHGWKDWWKH&RXQWRI0RQWH&ULVWRKDGODLGKLVKDQGV
RQDWXUQRXWZKLFKVHQWKLVED\VGRZQWRVHFRQGSODFHLQ
WKHRSLQLRQRIFRQQRLVVHXUV0RVWGHFLGHGO\VDLGKHPHQ
DUHQRWHTXDODQG,PXVWEHJP\IDWKHUWRGHYHORSWKLV
WKHRUHPLQWKH&KDPEHURI3HHUV

&KDSWHU
0RQVLHXU%HUWXFFLR
0HDQZKLOHWKHFRXQWKDGDUULYHGDWKLVKRXVHLWKDGWDNHQ
KLPVL[PLQXWHVWRSHUIRUPWKHGLVWDQFHEXWWKHVHVL[
PLQXWHVZHUHVXIILFLHQWWRLQGXFHWZHQW\\RXQJPHQZKRNQHZ
WKHSULFHRIWKHHTXLSDJHWKH\KDGEHHQXQDEOHWRSXUFKDVH
WKHPVHOYHVWRSXWWKHLUKRUVHVLQDJDOORSLQRUGHUWRVHH
WKHULFKIRUHLJQHUZKRFRXOGDIIRUGWRJLYHIUDQFV
DSLHFHIRUKLVKRUVHV7KHKRXVH$OLKDGFKRVHQDQGZKLFK
ZDVWRVHUYHDVDWRZQUHVLGHQFHWR0RQWH&ULVWRZDV
VLWXDWHGRQWKHULJKWKDQGDV\RXDVFHQGWKH&KDPSV(O\VHHV
$WKLFNFOXPSRIWUHHVDQGVKUXEVURVHLQWKHFHQWUHDQG
PDVNHGDSRUWLRQRIWKHIURQWDURXQGWKLVVKUXEEHU\WZR
DOOH\VOLNHWZRDUPVH[WHQGHGULJKWDQGOHIWDQGIRUPHGD
FDUULDJHGULYHIURPWKHLURQJDWHVWRDGRXEOHSRUWLFRRQ
HYHU\VWHSRIZKLFKVWRRGDSRUFHODLQYDVHILOOHGZLWK
IORZHUV7KLVKRXVHLVRODWHGIURPWKHUHVWKDGEHVLGHV
WKHPDLQHQWUDQFHDQRWKHULQWKH5XH3RQWKLHX(YHQEHIRUH
WKHFRDFKPDQKDGKDLOHGWKHFRQFLHUJHWKHPDVV\JDWHV
UROOHGRQWKHLUKLQJHVWKH\KDGVHHQWKH&RXQWFRPLQJ
DQGDW3DULVDVHYHU\ZKHUHHOVHKHZDVVHUYHGZLWKWKH
UDSLGLW\RIOLJKWQLQJ7KHFRDFKPDQHQWHUHGDQGWUDYHUVHG
WKHKDOIFLUFOHZLWKRXWVODFNHQLQJKLVVSHHGDQGWKHJDWHV
ZHUHFORVHGHUHWKHZKHHOVKDGFHDVHGWRVRXQGRQWKH
JUDYHO7KHFDUULDJHVWRSSHGDWWKHOHIWVLGHRIWKH
SRUWLFRWZRPHQSUHVHQWHGWKHPVHOYHVDWWKH
FDUULDJHZLQGRZWKHRQHZDV$OLZKRVPLOLQJZLWKDQ

537

H[SUHVVLRQRIWKHPRVWVLQFHUHMR\VHHPHGDPSO\UHSDLGE\D
PHUHORRNIURP0RQWH&ULVWR7KHRWKHUERZHGUHVSHFWIXOO\
DQGRIIHUHGKLVDUPWRDVVLVWWKHFRXQWLQGHVFHQGLQJ
7KDQNV0%HUWXFFLRVDLGWKHFRXQWVSULQJLQJOLJKWO\XS
WKHWKUHHVWHSVRIWKHSRUWLFRDQGWKHQRWDU\"
+HLVLQWKHVPDOOVDORQH[FHOOHQF\UHWXUQHG%HUWXFFLR
$QGWKHFDUGV,RUGHUHGWREHHQJUDYHGDVVRRQDV\RXNQHZ
WKHQXPEHURIWKHKRXVH"
<RXUH[FHOOHQF\LWLVGRQHDOUHDG\,KDYHEHHQP\VHOIWR
WKHEHVWHQJUDYHURIWKH3DODLV5R\DOZKRGLGWKHSODWHLQ
P\SUHVHQFH7KHILUVWFDUGVWUXFNRIIZDVWDNHQDFFRUGLQJ
WR\RXURUGHUVWRWKH%DURQ'DQJODUV5XHGHOD&KDXVVHH
G
$QWLQ1RWKHRWKHUVDUHRQWKHPDQWOHSLHFHRI\RXU
H[FHOOHQF\
VEHGURRP
*RRGZKDWR
FORFNLVLW"
)RXUR
FORFN0RQWH&ULVWRJDYHKLVKDWFDQHDQGJORYHV
WRWKHVDPH)UHQFKIRRWPDQZKRKDGFDOOHGKLVFDUULDJHDW
WKH&RXQWRI0RUFHUI
VDQGWKHQKHSDVVHGLQWRWKHVPDOO
VDORQSUHFHGHGE\%HUWXFFLRZKRVKRZHGKLPWKHZD\7KHVH
DUHEXWLQGLIIHUHQWPDUEOHVLQWKLVDQWHFKDPEHUVDLG
0RQWH&ULVWR,WUXVWDOOWKLVZLOOVRRQEHWDNHQDZD\
%HUWXFFLRERZHG$VWKHVWHZDUGKDGVDLGWKHQRWDU\DZDLWHG
KLPLQWKHVPDOOVDORQ+HZDVDVLPSOHORRNLQJODZ\HU
V
FOHUNHOHYDWHGWRWKHH[WUDRUGLQDU\GLJQLW\RIDSURYLQFLDO
VFULYHQHU<RXDUHWKHQRWDU\HPSRZHUHGWRVHOOWKHFRXQWU\
KRXVHWKDW,ZLVKWRSXUFKDVHPRQVLHXU"DVNHG0RQWH
&ULVWR
<HVFRXQWUHWXUQHGWKHQRWDU\
,VWKHGHHGRIVDOHUHDG\"
<HVFRXQW
+DYH\RXEURXJKWLW"
+HUHLWLV
9HU\ZHOODQGZKHUHLVWKLVKRXVHWKDW,SXUFKDVH"DVNHG

538

WKHFRXQWFDUHOHVVO\DGGUHVVLQJKLPVHOIKDOIWR%HUWXFFLR
KDOIWRWKHQRWDU\7KHVWHZDUGPDGHDJHVWXUHWKDW
VLJQLILHG,GRQRWNQRZ7KHQRWDU\ORRNHGDWWKHFRXQW
ZLWKDVWRQLVKPHQW:KDWVDLGKHGRHVQRWWKHFRXQWNQRZ
ZKHUHWKHKRXVHKHSXUFKDVHVLVVLWXDWHG"
1RUHWXUQHGWKHFRXQW
7KHFRXQWGRHVQRWNQRZ"
+RZVKRXOG,NQRZ",KDYHDUULYHGIURP&DGL]WKLVPRUQLQJ
,KDYHQHYHUEHIRUHEHHQDW3DULVDQGLWLVWKHILUVWWLPH
,KDYHHYHUHYHQVHWP\IRRWLQ)UDQFH
$KWKDWLVGLIIHUHQWWKHKRXVH\RXSXUFKDVHLVDW
$XWHXLO$WWKHVHZRUGV%HUWXFFLRWXUQHGSDOH$QGZKHUH
LV$XWHXLO"DVNHGWKHFRXQW
&ORVHE\KHUHPRQVLHXUUHSOLHGWKHQRWDU\DOLWWOH
EH\RQG3DVV\DFKDUPLQJVLWXDWLRQLQWKHKHDUWRIWKH%RLV
GH%RXORJQH
6RQHDUDVWKDW"VDLGWKH&RXQWEXWWKDWLVQRWLQWKH
FRXQWU\:KDWPDGH\RXFKRRVHDKRXVHDWWKHJDWHVRI3DULV
0%HUWXFFLR"
,FULHGWKHVWHZDUGZLWKDVWUDQJHH[SUHVVLRQ+LV
H[FHOOHQF\GLGQRWFKDUJHPHWRSXUFKDVHWKLVKRXVH,IKLV
H[FHOOHQF\ZLOOUHFROOHFWLIKHZLOOWKLQN
$KWUXHREVHUYHG0RQWH&ULVWR,UHFROOHFWQRZ,UHDG
WKHDGYHUWLVHPHQWLQRQHRIWKHSDSHUVDQGZDVWHPSWHGE\
WKHIDOVHWLWOHCDFRXQWU\KRXVH

,WLVQRW\HWWRRODWHFULHG%HUWXFFLRHDJHUO\DQGLI
\RXUH[FHOOHQF\ZLOOLQWUXVWPHZLWKWKHFRPPLVVLRQ,ZLOO
ILQG\RXDEHWWHUDW(QJKLHQDW)RQWHQD\DX[5RVHVRUDW
%HOOHYXH
2KQRUHWXUQHG0RQWH&ULVWRQHJOLJHQWO\VLQFH,KDYH
WKLV,ZLOONHHSLW
$QG\RXDUHTXLWHULJKWVDLGWKHQRWDU\ZKRIHDUHGWR
ORVHKLVIHH,WLVDFKDUPLQJSODFHZHOOVXSSOLHGZLWK

539

VSULQJZDWHUDQGILQHWUHHVDFRPIRUWDEOHKDELWDWLRQ
DOWKRXJKDEDQGRQHGIRUDORQJWLPHZLWKRXWUHFNRQLQJWKH
IXUQLWXUHZKLFKDOWKRXJKROGLV\HWYDOXDEOHQRZWKDW
ROGWKLQJVDUHVRPXFKVRXJKWDIWHU,VXSSRVHWKHFRXQWKDV
WKHWDVWHVRIWKHGD\"
7REHVXUHUHWXUQHG0RQWH&ULVWRLWLVYHU\FRQYHQLHQW
WKHQ"
,WLVPRUHLWLVPDJQLILFHQW
3HVWHOHWXVQRWORVHVXFKDQRSSRUWXQLW\UHWXUQHG0RQWH
&ULVWR7KHGHHGLI\RXSOHDVH0U1RWDU\$QGKHVLJQHG
LWUDSLGO\DIWHUKDYLQJILUVWUXQKLVH\HRYHUWKDWSDUWRI
WKHGHHGLQZKLFKZHUHVSHFLILHGWKHVLWXDWLRQRIWKHKRXVH
DQGWKHQDPHVRIWKHSURSULHWRUV%HUWXFFLRVDLGKH
JLYHILIW\ILYHWKRXVDQGIUDQFVWRPRQVLHXU7KHVWHZDUG
OHIWWKHURRPZLWKDIDOWHULQJVWHSDQGUHWXUQHGZLWKD
EXQGOHRIEDQNQRWHVZKLFKWKHQRWDU\FRXQWHGOLNHDPDQ
ZKRQHYHUJLYHVDUHFHLSWIRUPRQH\XQWLODIWHUKHLVVXUH
LWLVDOOWKHUH$QGQRZGHPDQGHGWKHFRXQWDUHDOOWKH
IRUPVFRPSOLHGZLWK"
$OOVLU
+DYH\RXWKHNH\V"
7KH\DUHLQWKHKDQGVRIWKHFRQFLHUJHZKRWDNHVFDUHRI
WKHKRXVHEXWKHUHLVWKHRUGHU,KDYHJLYHQKLPWRLQVWDOO
WKHFRXQWLQKLVQHZSRVVHVVLRQV
9HU\ZHOODQG0RQWH&ULVWRPDGHDVLJQZLWKKLVKDQGWR
WKHQRWDU\ZKLFKVDLG,KDYHQRIXUWKHUQHHGRI\RX\RX
PD\JR
%XWREVHUYHGWKHKRQHVWQRWDU\WKHFRXQWLV,WKLQN
PLVWDNHQLWLVRQO\ILIW\WKRXVDQGIUDQFVHYHU\WKLQJ
LQFOXGHG
$QG\RXUIHH"
,VLQFOXGHGLQWKLVVXP
%XWKDYH\RXQRWFRPHIURP$XWHXLOKHUH"

540

<HVFHUWDLQO\
:HOOWKHQLWLVEXWIDLUWKDW\RXVKRXOGEHSDLGIRU\RXU
ORVVRIWLPHDQGWURXEOHVDLGWKHFRXQWDQGKHPDGHD
JHVWXUHRISROLWHGLVPLVVDO7KHQRWDU\OHIWWKHURRP
EDFNZDUGVDQGERZLQJGRZQWRWKHJURXQGLWZDVWKHILUVW
WLPHKHKDGHYHUPHWDVLPLODUFOLHQW6HHWKLVJHQWOHPDQ
RXWVDLGWKHFRXQWWR%HUWXFFLR$QGWKHVWHZDUGIROORZHG
WKHQRWDU\RXWRIWKHURRP6FDUFHO\ZDVWKHFRXQWDORQH
ZKHQKHGUHZIURPKLVSRFNHWDERRNFORVHGZLWKDORFNDQG
RSHQHGLWZLWKDNH\ZKLFKKHZRUHURXQGKLVQHFNDQGZKLFK
QHYHUOHIWKLP$IWHUKDYLQJVRXJKWIRUDIHZPLQXWHVKH
VWRSSHGDWDOHDIZKLFKKDGVHYHUDOQRWHVDQGFRPSDUHGWKHP
ZLWKWKHGHHGRIVDOHZKLFKOD\RQWKHWDEOHC$XWHXLO
5XHGHOD)RQWDLQH1R
LWLVLQGHHGWKHVDPHVDLG
KHDQGQRZDP,WRUHO\XSRQDQDYRZDOH[WRUWHGE\
UHOLJLRXVRUSK\VLFDOWHUURU"+RZHYHULQDQKRXU,VKDOO
NQRZDOO%HUWXFFLRFULHGKHVWULNLQJDOLJKWKDPPHUZLWK
DSOLDQWKDQGOHRQDVPDOOJRQJ%HUWXFFLR7KHVWHZDUG
DSSHDUHGDWWKHGRRU0RQVLHXU%HUWXFFLRVDLGWKHFRXQW
GLG\RXQHYHUWHOOPHWKDW\RXKDGWUDYHOOHGLQ)UDQFH"
,QVRPHSDUWVRI)UDQFH\HVH[FHOOHQF\
<RXNQRZWKHHQYLURQVRI3DULVWKHQ"
1RH[FHOOHQF\QRUHWXUQHGWKHVWHZDUGZLWKDVRUWRI
QHUYRXVWUHPEOLQJZKLFK0RQWH&ULVWRDFRQQRLVVHXULQDOO
HPRWLRQVULJKWO\DWWULEXWHGWRJUHDWGLVTXLHWXGH
,WLVXQIRUWXQDWHUHWXUQHGKHWKDW\RXKDYHQHYHU
YLVLWHGWKHHQYLURQVIRU,ZLVKWRVHHP\QHZSURSHUW\WKLV
HYHQLQJDQGKDG\RXJRQHZLWKPH\RXFRXOGKDYHJLYHQPH
VRPHXVHIXOLQIRUPDWLRQ
7R$XWHXLOFULHG%HUWXFFLRZKRVHFRSSHUFRPSOH[LRQ
EHFDPHOLYLG,JRWR$XWHXLO"
:HOOZKDWLVWKHUHVXUSULVLQJLQWKDW":KHQ,OLYHDW
$XWHXLO\RXPXVWFRPHWKHUHDV\RXEHORQJWRP\VHUYLFH
%HUWXFFLRKXQJGRZQKLVKHDGEHIRUHWKHLPSHULRXVORRNRI
KLVPDVWHUDQGUHPDLQHGPRWLRQOHVVZLWKRXWPDNLQJDQ\
DQVZHU:K\ZKDWKDVKDSSHQHGWR\RX"DUH\RXJRLQJWR

541

PDNHPHULQJDVHFRQGWLPHIRUWKHFDUULDJH"DVNHG0RQWH
&ULVWRLQWKHVDPHWRQHWKDW/RXLV;,9SURQRXQFHGWKH
IDPRXV,KDYHEHHQDOPRVWREOLJHGWRZDLW%HUWXFFLRPDGH
EXWRQHERXQGWRWKHDQWHFKDPEHUDQGFULHGLQDKRDUVH
YRLFH+LVH[FHOOHQF\
VKRUVHV0RQWH&ULVWRZURWHWZR
RUWKUHHQRWHVDQGDVKHVHDOHGWKHODVWWKHVWHZDUG
DSSHDUHG<RXUH[FHOOHQF\
VFDUULDJHLVDWWKHGRRUVDLG
KH
:HOOWDNH\RXUKDWDQGJORYHVUHWXUQHG0RQWH&ULVWR
$P,WRDFFRPSDQ\\RX\RXUH[FHOOHQF\"FULHG%HUWXFFLR
&HUWDLQO\\RXPXVWJLYHWKHRUGHUVIRU,LQWHQGUHVLGLQJ
DWWKHKRXVH,WZDVXQH[DPSOHGIRUDVHUYDQWRIWKH
FRXQW
VWRGDUHWRGLVSXWHDQRUGHURIKLVVRWKHVWHZDUG
ZLWKRXWVD\LQJDZRUGIROORZHGKLVPDVWHUZKRJRWLQWRWKH
FDUULDJHDQGVLJQHGWRKLPWRIROORZZKLFKKHGLGWDNLQJ
KLVSODFHUHVSHFWIXOO\RQWKHIURQWVHDW

&KDSWHU
7KH+RXVHDW$XWHXLO
0RQWH&ULVWRQRWLFHGDVWKH\GHVFHQGHGWKHVWDLUFDVHWKDW
%HUWXFFLRVLJQHGKLPVHOILQWKH&RUVLFDQPDQQHUWKDWLV
KDGIRUPHGWKHVLJQRIWKHFURVVLQWKHDLUZLWKKLVWKXPE
DQGDVKHVHDWHGKLPVHOILQWKHFDUULDJHPXWWHUHGDVKRUW
SUD\HU$Q\RQHEXWDPDQRIH[KDXVWOHVVWKLUVWIRU
NQRZOHGJHZRXOGKDYHKDGSLW\RQVHHLQJWKHVWHZDUG
V
H[WUDRUGLQDU\UHSXJQDQFHIRUWKHFRXQW
VSURMHFWHGGULYH
ZLWKRXWWKHZDOOVEXWWKH&RXQWZDVWRRFXULRXVWROHW
%HUWXFFLRRIIIURPWKLVOLWWOHMRXUQH\,QWZHQW\PLQXWHV
WKH\ZHUHDW$XWHXLOWKHVWHZDUG
VHPRWLRQKDGFRQWLQXHGWR
DXJPHQWDVWKH\HQWHUHGWKHYLOODJH%HUWXFFLRFURXFKHGLQ
WKHFRUQHURIWKHFDUULDJHEHJDQWRH[DPLQHZLWKDIHYHULVK
DQ[LHW\HYHU\KRXVHWKH\SDVVHG7HOOWKHPWRVWRSDW5XH
GHOD)RQWDLQH1RVDLGWKHFRXQWIL[LQJKLVH\HVRQ
WKHVWHZDUGWRZKRPKHJDYHWKLVRUGHU%HUWXFFLR
V
IRUHKHDGZDVFRYHUHGZLWKSHUVSLUDWLRQKRZHYHUKHREH\HG
DQGOHDQLQJRXWRIWKHZLQGRZKHFULHGWRWKHFRDFKPDQ
5XHGHOD)RQWDLQH1R1RZDVVLWXDWHGDWWKH
H[WUHPLW\RIWKHYLOODJHGXULQJWKHGULYHQLJKWKDGVHWLQ

542

DQGGDUNQHVVJDYHWKHVXUURXQGLQJVWKHDUWLILFLDODSSHDUDQFH
RIDVFHQHRQWKHVWDJH7KHFDUULDJHVWRSSHGWKHIRRWPDQ
VSUDQJRIIWKHER[DQGRSHQHGWKHGRRU:HOOVDLGWKH
FRXQW\RXGRQRWJHWRXW0%HUWXFFLR\RXDUHJRLQJWR
VWD\LQWKHFDUULDJHWKHQ":KDWDUH\RXWKLQNLQJRIWKLV
HYHQLQJ"%HUWXFFLRVSUDQJRXWDQGRIIHUHGKLVVKRXOGHUWR
WKHFRXQWZKRWKLVWLPHOHDQHGXSRQLWDVKHGHVFHQGHG
WKHWKUHHVWHSVRIWKHFDUULDJH.QRFNVDLGWKHFRXQW
DQGDQQRXQFHPH%HUWXFFLRNQRFNHGWKHGRRURSHQHGDQG
WKHFRQFLHUJHDSSHDUHG:KDWLVLW"DVNHGKH
,WLV\RXUQHZPDVWHUP\JRRGIHOORZVDLGWKHIRRWPDQ
$QGKHKHOGRXWWRWKHFRQFLHUJHWKHQRWDU\
VRUGHU
7KHKRXVHLVVROGWKHQ"GHPDQGHGWKHFRQFLHUJHDQGWKLV
JHQWOHPDQLVFRPLQJWROLYHKHUH"
<HVP\IULHQGUHWXUQHGWKHFRXQWDQG,ZLOOHQGHDYRU
WRJLYH\RXQRFDXVHWRUHJUHW\RXUROGPDVWHU
2KPRQVLHXUVDLGWKHFRQFLHUJH,VKDOOQRWKDYHPXFK
FDXVHWRUHJUHWKLPIRUKHFDPHKHUHEXWVHOGRPLWLVILYH
\HDUVVLQFHKHZDVKHUHODVWDQGKHGLGZHOOWRVHOOWKH
KRXVHIRULWGLGQRWEULQJKLPLQDQ\WKLQJDWDOO
:KDWZDVWKHQDPHRI\RXUROGPDVWHU"VDLG0RQWH&ULVWR
7KH0DUTXLVRI6DLQW0HUDQ$K,DPVXUHKHKDVQRWVROG
WKHKRXVHIRUZKDWKHJDYHIRULW
7KH0DUTXLVRI6DLQW0HUDQUHWXUQHGWKHFRXQW7KHQDPH
LVQRWXQNQRZQWRPHWKH0DUTXLVRI6DLQW0HUDQDQGKH
DSSHDUHGWRPHGLWDWH
$QROGJHQWOHPDQFRQWLQXHGWKHFRQFLHUJHDVWDQFK
IROORZHURIWKH%RXUERQVKHKDGDQRQO\GDXJKWHUZKR
PDUULHG0GH9LOOHIRUWZKRKDGEHHQWKHNLQJ
VDWWRUQH\DW
1LPHVDQGDIWHUZDUGVDW9HUVDLOOHV0RQWH&ULVWRJODQFHG
DW%HUWXFFLRZKREHFDPHZKLWHUWKDQWKHZDOODJDLQVWZKLFK
KHOHDQHGWRSUHYHQWKLPVHOIIURPIDOOLQJ$QGLVQRWWKLV
GDXJKWHUGHDG"GHPDQGHG0RQWH&ULVWR,IDQF\,KDYHKHDUG
VR
<HVPRQVLHXURQHDQGWZHQW\\HDUVDJRDQGVLQFHWKHQZH

543

KDYHQRWVHHQWKHSRRUPDUTXLVWKUHHWLPHV
7KDQNVWKDQNVVDLG0RQWH&ULVWRMXGJLQJIURPWKH
VWHZDUG
VXWWHUSURVWUDWLRQWKDWKHFRXOGQRWVWUHWFKWKH
FRUGIXUWKHUZLWKRXWGDQJHURIEUHDNLQJLW*LYHPHD
OLJKW
6KDOO,DFFRPSDQ\\RXPRQVLHXU"
1RLWLVXQQHFHVVDU\%HUWXFFLRZLOOVKRZPHDOLJKW$QG
0RQWH&ULVWRDFFRPSDQLHGWKHVHZRUGVE\WKHJLIWRIWZRJROG
SLHFHVZKLFKSURGXFHGDWRUUHQWRIWKDQNVDQGEOHVVLQJV
IURPWKHFRQFLHUJH$KPRQVLHXUVDLGKHDIWHUKDYLQJ
YDLQO\VHDUFKHGRQWKHPDQWOHSLHFHDQGWKHVKHOYHV,KDYH
QRWJRWDQ\FDQGOHV
7DNHRQHRIWKHFDUULDJHODPSV%HUWXFFLRVDLGWKHFRXQW
DQGVKRZPHWKHDSDUWPHQWV7KHVWHZDUGREH\HGLQVLOHQFH
EXWLWZDVHDV\WRVHHIURPWKHPDQQHULQZKLFKWKHKDQG
WKDWKHOGWKHOLJKWWUHPEOHGKRZPXFKLWFRVWKLPWRREH\
7KH\ZHQWRYHUDWROHUDEO\ODUJHJURXQGIORRUDVHFRQG
IORRUFRQVLVWHGRIDVDORQDEDWKURRPDQGWZREHGURRPV
QHDURQHRIWKHEHGURRPVWKH\FDPHWRDZLQGLQJVWDLUFDVH
WKDWOHGGRZQWRWKHJDUGHQ
$KKHUHLVDSULYDWHVWDLUFDVHVDLGWKHFRXQWWKDWLV
FRQYHQLHQW/LJKWPH0%HUWXFFLRDQGJRILUVWZHZLOO
VHHZKHUHLWOHDGVWR
0RQVLHXUUHSOLHG%HUWXFFLRLWOHDGVWRWKHJDUGHQ
$QGSUD\KRZGR\RXNQRZWKDW"
,WRXJKWWRGRVRDWOHDVW
:HOOOHWXVEHVXUHRIWKDW%HUWXFFLRVLJKHGDQGZHQW
RQILUVWWKHVWDLUVGLGLQGHHGOHDGWRWKHJDUGHQ$WWKH
RXWHUGRRUWKHVWHZDUGSDXVHG*RRQ0RQVLHXU%HUWXFFLR
VDLGWKHFRXQW%XWKHZKRZDVDGGUHVVHGVWRRGWKHUH
VWXSHILHGEHZLOGHUHGVWXQQHGKLVKDJJDUGH\HVJODQFHG
DURXQGDVLILQVHDUFKRIWKHWUDFHVRIVRPHWHUULEOH
HYHQWDQGZLWKKLVFOLQFKHGKDQGVKHVHHPHGVWULYLQJWR
VKXWRXWKRUULEOHUHFROOHFWLRQV:HOOLQVLVWHGWKH&RXQW
1RQRFULHG%HUWXFFLRVHWWLQJGRZQWKHODQWHUQDWWKH

544

DQJOHRIWKHLQWHULRUZDOO1RPRQVLHXULWLVLPSRVVLEOH
,FDQJRQRIDUWKHU
:KDWGRHVWKLVPHDQ"GHPDQGHGWKHLUUHVLVWLEOHYRLFHRI
0RQWH&ULVWR
:K\\RXPXVWVHH\RXUH[FHOOHQF\FULHGWKHVWHZDUG
WKDWWKLVLVQRWQDWXUDOWKDWKDYLQJDKRXVHWRSXUFKDVH
\RXSXUFKDVHLWH[DFWO\DW$XWHXLODQGWKDWSXUFKDVLQJLW
DW$XWHXLOWKLVKRXVHVKRXOGEH1R5XHGHOD)RQWDLQH
2KZK\GLG,QRWWHOO\RXDOO",DPVXUH\RXZRXOGQRWKDYH
IRUFHGPHWRFRPH,KRSHG\RXUKRXVHZRXOGKDYHEHHQVRPH
RWKHURQHWKDQWKLVDVLIWKHUHZDVQRWDQRWKHUKRXVHDW
$XWHXLOWKDQWKDWRIWKHDVVDVVLQDWLRQ
:KDWZKDWFULHG0RQWH&ULVWRVWRSSLQJVXGGHQO\ZKDW
ZRUGVGR\RXXWWHU"'HYLORIDPDQ&RUVLFDQWKDW\RXDUH
DOZD\VP\VWHULHVRUVXSHUVWLWLRQV&RPHWDNHWKHODQWHUQ
DQGOHWXVYLVLWWKHJDUGHQ\RXDUHQRWDIUDLGRIJKRVWV
ZLWKPH,KRSH"%HUWXFFLRUDLVHGWKHODQWHUQDQGREH\HG
7KHGRRUDVLWRSHQHGGLVFORVHGDJORRP\VN\LQZKLFKWKH
PRRQVWURYHYDLQO\WRVWUXJJOHWKURXJKDVHDRIFORXGVWKDW
FRYHUHGKHUZLWKELOORZVRIYDSRUZKLFKVKHLOOXPLQHGIRUDQ
LQVWDQWRQO\WRVLQNLQWRREVFXULW\7KHVWHZDUGZLVKHGWR
WXUQWRWKHOHIW1RQRPRQVLHXUVDLG0RQWH&ULVWR
:KDWLVWKHXVHRIIROORZLQJWKHDOOH\V"+HUHLVD
EHDXWLIXOODZQOHWXVJRRQVWUDLJKWIRUZDUGV
%HUWXFFLRZLSHGWKHSHUVSLUDWLRQIURPKLVEURZEXWREH\HG
KRZHYHUKHFRQWLQXHGWRWDNHWKHOHIWKDQG0RQWH&ULVWR
RQWKHFRQWUDU\WRRNWKHULJKWKDQGDUULYHGQHDUDFOXPS
RIWUHHVKHVWRSSHG7KHVWHZDUGFRXOGQRWUHVWUDLQ
KLPVHOI0RYHPRQVLHXUPRYHDZD\,HQWUHDW\RX\RX
DUHH[DFWO\LQWKHVSRW
:KDWVSRW"
:KHUHKHIHOO
0\GHDU0RQVLHXU%HUWXFFLRVDLG0RQWH&ULVWRODXJKLQJ
FRQWURO\RXUVHOIZHDUHQRWDW6DUWHQDRUDW&RUWH7KLV
LVQRWD&RUVLFDQDUERUEXWDQ(QJOLVKJDUGHQEDGO\NHSW
,RZQEXWVWLOO\RXPXVWQRWFDOXPQLDWHLWIRUWKDW

545

0RQVLHXU,LPSORUH\RXGRQRWVWD\WKHUH
,WKLQN\RXDUHJRLQJPDG%HUWXFFLRVDLGWKHFRXQW
FROGO\,IWKDWLVWKHFDVH,ZDUQ\RX,VKDOOKDYH\RX
SXWLQDOXQDWLFDV\OXP
$ODVH[FHOOHQF\UHWXUQHG%HUWXFFLRMRLQLQJKLVKDQGV
DQGVKDNLQJKLVKHDGLQDPDQQHUWKDWZRXOGKDYHH[FLWHGWKH
FRXQW
VODXJKWHUKDGQRWWKRXJKWVRIDVXSHULRULQWHUHVW
RFFXSLHGKLPDQGUHQGHUHGKLPDWWHQWLYHWRWKHOHDVW
UHYHODWLRQRIWKLVWLPRURXVFRQVFLHQFH$ODVH[FHOOHQF\
WKHHYLOKDVDUULYHG
0%HUWXFFLRVDLGWKHFRXQW,DPYHU\JODGWRWHOO\RX
WKDWZKLOH\RXJHVWLFXODWH\RXZULQJ\RXUKDQGVDQGUROO
\RXUH\HVOLNHDPDQSRVVHVVHGE\DGHYLOZKRZLOOQRWOHDYH
KLPDQG,KDYHDOZD\VREVHUYHGWKDWWKHGHYLOPRVW
REVWLQDWHWREHH[SHOOHGLVDVHFUHW,NQHZ\RXZHUHD
&RUVLFDQ,NQHZ\RXZHUHJORRP\DQGDOZD\VEURRGLQJRYHU
VRPHROGKLVWRU\RIWKHYHQGHWWDDQG,RYHUORRNHGWKDWLQ
,WDO\EHFDXVHLQ,WDO\WKRVHWKLQJVDUHWKRXJKWQRWKLQJRI
%XWLQ)UDQFHWKH\DUHFRQVLGHUHGLQYHU\EDGWDVWHWKHUH
DUHJHQGDUPHVZKRRFFXS\WKHPVHOYHVZLWKVXFKDIIDLUV
MXGJHVZKRFRQGHPQDQGVFDIIROGVZKLFKDYHQJH%HUWXFFLR
FODVSHGKLVKDQGVDQGDVLQDOOWKHVHHYROXWLRQVKHGLG
QRWOHWIDOOWKHODQWHUQWKHOLJKWVKRZHGKLVSDOHDQG
DOWHUHGFRXQWHQDQFH0RQWH&ULVWRH[DPLQHGKLPZLWKWKHVDPH
ORRNWKDWDW5RPHKHKDGEHQWXSRQWKHH[HFXWLRQRI
$QGUHDDQGWKHQLQDWRQHWKDWPDGHDVKXGGHUSDVVWKURXJK
WKHYHLQVRIWKHSRRUVWHZDUG7KH$EEH%XVRQLWKHQ
WROGPHDQXQWUXWKVDLGKHZKHQDIWHUKLVMRXUQH\LQ
)UDQFHLQKHVHQW\RXWRPHZLWKDOHWWHURI
UHFRPPHQGDWLRQLQZKLFKKHHQXPHUDWHGDOO\RXUYDOXDEOH
TXDOLWLHV:HOO,VKDOOZULWHWRWKHDEEH,VKDOOKROGKLP
UHVSRQVLEOHIRUKLVSURWHJH
VPLVFRQGXFWDQG,VKDOOVRRQ
NQRZDOODERXWWKLVDVVDVVLQDWLRQ2QO\,ZDUQ\RXWKDW
ZKHQ,UHVLGHLQDFRXQWU\,FRQIRUPWRDOOLWVFRGHDQG,
KDYHQRZLVKWRSXWP\VHOIZLWKLQWKHFRPSDVVRIWKH)UHQFK
ODZVIRU\RXUVDNH
2KGRQRWGRWKDWH[FHOOHQF\,KDYHDOZD\VVHUYHG\RX
IDLWKIXOO\FULHG%HUWXFFLRLQGHVSDLU,KDYHDOZD\V
EHHQDQKRQHVWPDQDQGDVIDUDVOD\LQP\SRZHU,KDYH
GRQHJRRG

546

,GRQRWGHQ\LWUHWXUQHGWKHFRXQWEXWZK\DUH\RX
WKXVDJLWDWHG,WLVDEDGVLJQDTXLHWFRQVFLHQFHGRHVQRW
RFFDVLRQVXFKSDOHQHVVLQWKHFKHHNVDQGVXFKIHYHULQWKH
KDQGVRIDPDQ
%XW\RXUH[FHOOHQF\UHSOLHG%HUWXFFLRKHVLWDWLQJO\GLG
QRWWKH$EEH%XVRQLZKRKHDUGP\FRQIHVVLRQLQWKHSULVRQ
DW1LPHVWHOO\RXWKDW,KDGDKHDY\EXUGHQXSRQP\
FRQVFLHQFH"
<HVEXWDVKHVDLG\RXZRXOGPDNHDQH[FHOOHQWVWHZDUG,
FRQFOXGHG\RXKDGVWROHQWKDWZDVDOO
2K\RXUH[FHOOHQF\UHWXUQHG%HUWXFFLRLQGHHSFRQWHPSW
2UDV\RXDUHD&RUVLFDQWKDW\RXKDGEHHQXQDEOHWR
UHVLVWWKHGHVLUHRIPDNLQJDCVWLII
DV\RXFDOOLW
<HVP\JRRGPDVWHUFULHG%HUWXFFLRFDVWLQJKLPVHOIDW
WKHFRXQW
VIHHWLWZDVVLPSO\YHQJHDQFHQRWKLQJHOVH
,XQGHUVWDQGWKDWEXW,GRQRWXQGHUVWDQGZKDWLWLVWKDW
JDOYDQL]HV\RXLQWKLVPDQQHU
%XWPRQVLHXULWLVYHU\QDWXUDOUHWXUQHG%HUWXFFLR
VLQFHLWZDVLQWKLVKRXVHWKDWP\YHQJHDQFHZDV
DFFRPSOLVKHG
:KDWP\KRXVH"
2K\RXUH[FHOOHQF\LWZDVQRW\RXUVWKHQ
:KRVHWKHQ"7KH0DUTXLVGH6DLQW0HUDQ,WKLQNWKH
FRQFLHUJHVDLG:KDWKDG\RXWRUHYHQJHRQWKH0DUTXLVGH
6DLQW0HUDQ"
2KLWZDVQRWRQKLPPRQVLHXULWZDVRQDQRWKHU
7KLVLVVWUDQJHUHWXUQHG0RQWH&ULVWRVHHPLQJWR\LHOG
WRKLVUHIOHFWLRQVWKDW\RXVKRXOGILQG\RXUVHOIZLWKRXW
DQ\SUHSDUDWLRQLQDKRXVHZKHUHWKHHYHQWKDSSHQHGWKDW
FDXVHV\RXVRPXFKUHPRUVH

547

0RQVLHXUVDLGWKHVWHZDUGLWLVIDWDOLW\,DPVXUH
)LUVW\RXSXUFKDVHDKRXVHDW$XWHXLOWKLVKRXVHLVWKH
RQHZKHUH,KDYHFRPPLWWHGDQDVVDVVLQDWLRQ\RXGHVFHQGWR
WKHJDUGHQE\WKHVDPHVWDLUFDVHE\ZKLFKKHGHVFHQGHG\RX
VWRSDWWKHVSRWZKHUHKHUHFHLYHGWKHEORZDQGWZRSDFHV
IDUWKHULVWKHJUDYHLQZKLFKKHKDGMXVWEXULHGKLVFKLOG
7KLVLVQRWFKDQFHIRUFKDQFHLQWKLVFDVHLVWRRPXFK
OLNHSURYLGHQFH
:HOODPLDEOH&RUVLFDQOHWXVVXSSRVHLWLVSURYLGHQFH,
DOZD\VVXSSRVHDQ\WKLQJSHRSOHSOHDVHDQGEHVLGHV\RX
PXVWFRQFHGHVRPHWKLQJWRGLVHDVHGPLQGV&RPHFROOHFW
\RXUVHOIDQGWHOOPHDOO
,KDYHUHODWHGLWEXWRQFHDQGWKDWZDVWRWKH$EEH
%XVRQL6XFKWKLQJVFRQWLQXHG%HUWXFFLRVKDNLQJKLVKHDG
DUHRQO\UHODWHGXQGHUWKHVHDORIFRQIHVVLRQ
7KHQVDLGWKHFRXQW,UHIHU\RXWR\RXUFRQIHVVRU7XUQ
&KDUWUHX[RU7UDSSLVWDQGUHODWH\RXUVHFUHWVEXWDVIRU
PH,GRQRWOLNHDQ\RQHZKRLVDODUPHGE\VXFKSKDQWDVPV
DQG,GRQRWFKRRVHWKDWP\VHUYDQWVVKRXOGEHDIUDLGWR
ZDONLQWKHJDUGHQRIDQHYHQLQJ,FRQIHVV,DPQRWYHU\
GHVLURXVRIDYLVLWIURPWKHFRPPLVVDU\RISROLFHIRULQ
,WDO\MXVWLFHLVRQO\SDLGZKHQVLOHQWLQ)UDQFHVKHLV
SDLGRQO\ZKHQVKHVSHDNV3HVWH,WKRXJKW\RXVRPHZKDW
&RUVLFDQDJUHDWGHDOVPXJJOHUDQGDQH[FHOOHQWVWHZDUG
EXW,VHH\RXKDYHRWKHUVWULQJVWR\RXUERZ<RXDUHQR
ORQJHULQP\VHUYLFH0RQVLHXU%HUWXFFLR
2K\RXUH[FHOOHQF\\RXUH[FHOOHQF\FULHGWKHVWHZDUG
VWUXFNZLWKWHUURUDWWKLVWKUHDWLIWKDWLVWKHRQO\
UHDVRQ,FDQQRWUHPDLQLQ\RXUVHUYLFH,ZLOOWHOODOOIRU
LI,TXLW\RXLWZLOORQO\EHWRJRWRWKHVFDIIROG
7KDWLVGLIIHUHQWUHSOLHG0RQWH&ULVWREXWLI\RX
LQWHQGWRWHOODQXQWUXWKUHIOHFWLWZHUHEHWWHUQRWWR
VSHDNDWDOO
1RPRQVLHXU,VZHDUWR\RXE\P\KRSHVRIVDOYDWLRQ,
ZLOOWHOO\RXDOOIRUWKH$EEH%XVRQLKLPVHOIRQO\NQHZD
SDUWRIP\VHFUHWEXW,SUD\\RXJRDZD\IURPWKDW
SODQHWUHH7KHPRRQLVMXVWEXUVWLQJWKURXJKWKHFORXGV
DQGWKHUHVWDQGLQJZKHUH\RXGRDQGZUDSSHGLQWKDWFORDN

548

WKDWFRQFHDOV\RXUILJXUH\RXUHPLQGPHRI0GH
9LOOHIRUW
:KDWFULHG0RQWH&ULVWRLWZDV0GH9LOOHIRUW"
<RXUH[FHOOHQF\NQRZVKLP"
7KHIRUPHUUR\DODWWRUQH\DW1LPHV"
<HV
:KRPDUULHGWKH0DUTXLVRI6DLQW0HUDQ
VGDXJKWHU"
<HV
:KRHQMR\HGWKHUHSXWDWLRQRIEHLQJWKHPRVWVHYHUHWKH
PRVWXSULJKWWKHPRVWULJLGPDJLVWUDWHRQWKHEHQFK"
:HOOPRQVLHXUVDLG%HUWXFFLRWKLVPDQZLWKWKLV
VSRWOHVVUHSXWDWLRQ
:HOO"
:DVDYLOODLQ
%DKUHSOLHG0RQWH&ULVWRLPSRVVLEOH
,WLVDV,WHOO\RX
$KUHDOO\VDLG0RQWH&ULVWR+DYH\RXSURRIRIWKLV"
,KDGLW
$QG\RXKDYHORVWLWKRZVWXSLG
<HVEXWE\FDUHIXOVHDUFKLWPLJKWEHUHFRYHUHG
5HDOO\UHWXUQHGWKHFRXQWUHODWHLWWRPHIRULW
EHJLQVWRLQWHUHVWPH$QGWKHFRXQWKXPPLQJDQDLUIURP
/XFLDZHQWWRVLWGRZQRQDEHQFKZKLOH%HUWXFFLR
IROORZHGKLPFROOHFWLQJKLVWKRXJKWV%HUWXFFLRUHPDLQHG
VWDQGLQJEHIRUHKLP

549

&KDSWHU
7KH9HQGHWWD
$WZKDWSRLQWVKDOO,EHJLQP\VWRU\\RXUH[FHOOHQF\"
DVNHG%HUWXFFLR
:KHUH\RXSOHDVHUHWXUQHG0RQWH&ULVWRVLQFH,NQRZ
QRWKLQJDWDOORILW
,WKRXJKWWKH$EEH%XVRQLKDGWROG\RXUH[FHOOHQF\
6RPHSDUWLFXODUVGRXEWOHVVEXWWKDWLVVHYHQRUHLJKW
\HDUVDJRDQG,KDYHIRUJRWWHQWKHP
7KHQ,FDQVSHDNZLWKRXWIHDURIWLULQJ\RXUH[FHOOHQF\
*RRQ0%HUWXFFLR\RXZLOOVXSSO\WKHZDQWRIWKH
HYHQLQJSDSHUV
7KHVWRU\EHJLQVLQ
$KVDLG0RQWH&ULVWRLVQRW\HVWHUGD\
1RPRQVLHXUDQG\HW,UHFROOHFWDOOWKLQJVDVFOHDUO\DV
LIWKH\KDGKDSSHQHGEXWWKHQ,KDGDEURWKHUDQHOGHU
EURWKHUZKRZDVLQWKHVHUYLFHRIWKHHPSHURUKHKDG
EHFRPHOLHXWHQDQWLQDUHJLPHQWFRPSRVHGHQWLUHO\RI
&RUVLFDQV7KLVEURWKHUZDVP\RQO\IULHQGZHEHFDPH
RUSKDQV,DWILYHKHDWHLJKWHHQ+HEURXJKWPHXSDVLI
,KDGEHHQKLVVRQDQGLQKHPDUULHG:KHQWKHHPSHURU
UHWXUQHGIURPWKH,VODQGRI(OEDP\EURWKHULQVWDQWO\
MRLQHGWKHDUP\ZDVVOLJKWO\ZRXQGHGDW:DWHUORRDQG
UHWLUHGZLWKWKHDUP\EH\RQGWKH/RLUH
%XWWKDWLVWKHKLVWRU\RIWKH+XQGUHG'D\V0%HUWXFFLR
VDLGWKHFRXQWXQOHVV,DPPLVWDNHQLWKDVEHHQDOUHDG\
ZULWWHQ
([FXVHPHH[FHOOHQF\EXWWKHVHGHWDLOVDUHQHFHVVDU\DQG
\RXSURPLVHGWREHSDWLHQW
*RRQ,ZLOONHHSP\ZRUG

550

2QHGD\ZHUHFHLYHGDOHWWHU,VKRXOGWHOO\RXWKDWZH
OLYHGLQWKHOLWWOHYLOODJHRI5RJOLDQRDWWKHH[WUHPLW\RI
&DSH&RUVR7KLVOHWWHUZDVIURPP\EURWKHU+HWROGXVWKDW
WKHDUP\ZDVGLVEDQGHGDQGWKDWKHVKRXOGUHWXUQE\
&KDWHDXURX[&OHUPRQW)HUUDQG/H3X\DQG1LPHVDQGLI,
KDGDQ\PRQH\KHSUD\HGPHWROHDYHLWIRUKLPDW1LPHV
ZLWKDQLQQNHHSHUZLWKZKRP,KDGGHDOLQJV
,QWKHVPXJJOLQJOLQH"VDLG0RQWH&ULVWR
(K\RXUH[FHOOHQF\"(YHU\RQHPXVWOLYH
&HUWDLQO\JRRQ
,ORYHGP\EURWKHUWHQGHUO\DV,WROG\RXUH[FHOOHQF\DQG
,UHVROYHGQRWWRVHQGWKHPRQH\EXWWRWDNHLWWRKLP
P\VHOI,SRVVHVVHGDWKRXVDQGIUDQFV,OHIWILYHKXQGUHG
ZLWK$VVXQWDP\VLVWHULQODZDQGZLWKWKHRWKHUILYH
KXQGUHG,VHWRIIIRU1LPHV,WZDVHDV\WRGRVRDQGDV,
KDGP\ERDWDQGDODGLQJWRWDNHLQDWVHDHYHU\WKLQJ
IDYRUHGP\SURMHFW%XWDIWHUZHKDGWDNHQLQRXUFDUJR
WKHZLQGEHFDPHFRQWUDU\VRWKDWZHZHUHIRXURUILYHGD\V
ZLWKRXWEHLQJDEOHWRHQWHUWKH5KRQH$WODVWKRZHYHUZH
VXFFHHGHGDQGZRUNHGXSWR$UOHV,OHIWWKHERDWEHWZHHQ
%HOOHJDUGHDQG%HDXFDLUHDQGWRRNWKHURDGWR1LPHV
:HDUHJHWWLQJWRWKHVWRU\QRZ"
<HV\RXUH[FHOOHQF\H[FXVHPHEXWDV\RXZLOOVHH,
RQO\WHOO\RXZKDWLVDEVROXWHO\QHFHVVDU\-XVWDWWKLV
WLPHWKHIDPRXVPDVVDFUHVWRRNSODFHLQWKHVRXWKRI)UDQFH
7KUHHEULJDQGVFDOOHG7UHVWDLOORQ7UXSKHP\DQG*UDIIDQ
SXEOLFO\DVVDVVLQDWHGHYHU\ERG\ZKRPWKH\VXVSHFWHGRI
%RQDSDUWLVP<RXKDYHGRXEWOHVVKHDUGRIWKHVHPDVVDFUHV
\RXUH[FHOOHQF\"
9DJXHO\,ZDVIDUIURP)UDQFHDWWKDWSHULRG*RRQ
$V,HQWHUHG1LPHV,OLWHUDOO\ZDGHGLQEORRGDWHYHU\
VWHS\RXHQFRXQWHUHGGHDGERGLHVDQGEDQGVRIPXUGHUHUVZKR
NLOOHGSOXQGHUHGDQGEXUQHG$WWKHVLJKWRIWKLV
VODXJKWHUDQGGHYDVWDWLRQ,EHFDPHWHUULILHGQRWIRUP\VHOI
IRU,DVLPSOH&RUVLFDQILVKHUPDQKDGQRWKLQJWRIHDU
RQWKHFRQWUDU\WKDWWLPHZDVPRVWIDYRUDEOHIRUXV

551

VPXJJOHUVEXWIRUP\EURWKHUDVROGLHURIWKHHPSLUH
UHWXUQLQJIURPWKHDUP\RIWKH/RLUHZLWKKLVXQLIRUPDQG
KLVHSDXOHWVWKHUHZDVHYHU\WKLQJWRDSSUHKHQG,KDVWHQHG
WRWKHLQQNHHSHU0\PLVJLYLQJVKDGEHHQEXWWRRWUXH0\
EURWKHUKDGDUULYHGWKHSUHYLRXVHYHQLQJDW1LPHVDQGDW
WKHYHU\GRRURIWKHKRXVHZKHUHKHZDVDERXWWRGHPDQG
KRVSLWDOLW\KHKDGEHHQDVVDVVLQDWHG,GLGDOOLQP\SRZHU
WRGLVFRYHUWKHPXUGHUHUVEXWQRRQHGXUVWWHOOPHWKHLU
QDPHVVRPXFKZHUHWKH\GUHDGHG,WKHQWKRXJKWRIWKDW
)UHQFKMXVWLFHRIZKLFK,KDGKHDUGVRPXFKDQGZKLFK
IHDUHGQRWKLQJDQG,ZHQWWRWKHNLQJ
VDWWRUQH\
$QGWKLVNLQJ
VDWWRUQH\ZDVQDPHG9LOOHIRUW"DVNHG0RQWH
&ULVWRFDUHOHVVO\
<HV\RXUH[FHOOHQF\KHFDPHIURP0DUVHLOOHVZKHUHKHKDG
EHHQGHSXW\SURFXUHXU+LV]HDOKDGSURFXUHGKLP
DGYDQFHPHQWDQGKHZDVVDLGWREHRQHRIWKHILUVWZKRKDG
LQIRUPHGWKHJRYHUQPHQWRIWKHGHSDUWXUHIURPWKH,VODQGRI
(OED
7KHQVDLG0RQWH&ULVWR\RXZHQWWRKLP"
C0RQVLHXU
,VDLGCP\EURWKHUZDVDVVDVVLQDWHG\HVWHUGD\
LQWKHVWUHHWVRI1LPHV,NQRZQRWE\ZKRPEXWLWLV\RXU
GXW\WRILQGRXW<RXDUHWKHUHSUHVHQWDWLYHRIMXVWLFH
KHUHDQGLWLVIRUMXVWLFHWRDYHQJHWKRVHVKHKDVEHHQ
XQDEOHWRSURWHFW
C:KRZDV\RXUEURWKHU"
DVNHGKH
C$OLHXWHQDQWLQWKH&RUVLFDQEDWWDOLRQ
C$VROGLHURI
WKHXVXUSHUWKHQ"
C$VROGLHURIWKH)UHQFKDUP\

C:HOO
UHSOLHGKHCKHKDVVPLWWHQZLWKWKHVZRUGDQGKH
KDVSHULVKHGE\WKHVZRUG
C<RXDUHPLVWDNHQPRQVLHXU

,UHSOLHGCKHKDVSHULVKHGE\WKHSRQLDUG
C:KDWGR\RX
ZDQWPHWRGR"
DVNHGWKHPDJLVWUDWHC,KDYHDOUHDG\
WROG\RXDYHQJHKLP
C2QZKRP"
C2QKLV
PXUGHUHUV
C+RZVKRXOG,NQRZZKRWKH\DUH"
C2UGHU
WKHPWREHVRXJKWIRU
C:K\\RXUEURWKHUKDVEHHQ
LQYROYHGLQDTXDUUHODQGNLOOHGLQDGXHO$OOWKHVHROG
VROGLHUVFRPPLWH[FHVVHVZKLFKZHUHWROHUDWHGLQWKHWLPHRI
WKHHPSHURUEXWZKLFKDUHQRWVXIIHUHGQRZIRUWKHSHRSOH
KHUHGRQRWOLNHVROGLHUVRIVXFKGLVRUGHUO\FRQGXFW

C0RQVLHXU
,UHSOLHGCLWLVQRWIRUP\VHOIWKDW,HQWUHDW
\RXULQWHUIHUHQFH,VKRXOGJULHYHIRUKLPRUDYHQJHKLP
EXWP\SRRUEURWKHUKDGDZLIHDQGZHUHDQ\WKLQJWRKDSSHQ

552

WRPHWKHSRRUFUHDWXUHZRXOGSHULVKIURPZDQWIRUP\
EURWKHU
VSD\DORQHNHSWKHU3UD\WU\DQGREWDLQDVPDOO
JRYHUQPHQWSHQVLRQIRUKHU

C(YHU\UHYROXWLRQKDVLWVFDWDVWURSKHV
UHWXUQHG0GH
9LOOHIRUWC\RXUEURWKHUKDVEHHQWKHYLFWLPRIWKLV,WLV
DPLVIRUWXQHDQGJRYHUQPHQWRZHVQRWKLQJWRKLVIDPLO\,I
ZHDUHWRMXGJHE\DOOWKHYHQJHDQFHWKDWWKHIROORZHUVRI
WKHXVXUSHUH[HUFLVHGRQWKHSDUWLVDQVRIWKHNLQJZKHQLQ
WKHLUWXUQWKH\ZHUHLQSRZHU\RXUEURWKHUZRXOGEH
WRGD\LQDOOSUREDELOLW\FRQGHPQHGWRGHDWK:KDWKDV
KDSSHQHGLVTXLWHQDWXUDODQGLQFRQIRUPLW\ZLWKWKHODZRI
UHSULVDOV
C:KDW
FULHG,CGR\RXDPDJLVWUDWHVSHDN
WKXVWRPH"
C$OOWKHVH&RUVLFDQVDUHPDGRQP\KRQRU

UHSOLHG0GH9LOOHIRUWCWKH\IDQF\WKDWWKHLUFRXQWU\PDQ
LVVWLOOHPSHURU<RXKDYHPLVWDNHQWKHWLPH\RXVKRXOG
KDYHWROGPHWKLVWZRPRQWKVDJRLWLVWRRODWHQRZ*R
QRZDWRQFHRU,VKDOOKDYH\RXSXWRXW

,ORRNHGDWKLPDQLQVWDQWWRVHHLIWKHUHZDVDQ\WKLQJWR
KRSHIURPIXUWKHUHQWUHDW\%XWKHZDVDPDQRIVWRQH,
DSSURDFKHGKLPDQGVDLGLQDORZYRLFHC:HOOVLQFH\RX
NQRZWKH&RUVLFDQVVRZHOO\RXNQRZWKDWWKH\DOZD\VNHHS
WKHLUZRUG<RXWKLQNWKDWLWZDVDJRRGGHHGWRNLOOP\
EURWKHUZKRZDVD%RQDSDUWLVWEHFDXVH\RXDUHDUR\DOLVW
:HOO,ZKRDPD%RQDSDUWLVWDOVRGHFODUHRQHWKLQJWR
\RXZKLFKLVWKDW,ZLOONLOO\RX)URPWKLVPRPHQW,
GHFODUHWKHYHQGHWWDDJDLQVW\RXVRSURWHFW\RXUVHOIDV
ZHOODV\RXFDQIRUWKHQH[WWLPHZHPHHW\RXUODVWKRXU
KDVFRPH
$QGEHIRUHKHKDGUHFRYHUHGIURPKLVVXUSULVH,
RSHQHGWKHGRRUDQGOHIWWKHURRP
:HOOZHOOVDLG0RQWH&ULVWRVXFKDQLQQRFHQWORRNLQJ
SHUVRQDV\RXDUHWRGRWKRVHWKLQJV0%HUWXFFLRDQGWRD
NLQJ
VDWWRUQH\DWWKDW%XWGLGKHNQRZZKDWZDVPHDQWE\
WKHWHUULEOHZRUGCYHQGHWWD
"
+HNQHZVRZHOOWKDWIURPWKDWPRPHQWKHVKXWKLPVHOILQ
KLVKRXVHDQGQHYHUZHQWRXWXQDWWHQGHGVHHNLQJPHKLJK
DQGORZ)RUWXQDWHO\,ZDVVRZHOOFRQFHDOHGWKDWKHFRXOG
QRWILQGPH7KHQKHEHFDPHDODUPHGDQGGDUHGQRWVWD\DQ\
ORQJHUDW1LPHVVRKHVROLFLWHGDFKDQJHRIUHVLGHQFHDQG
DVKHZDVLQUHDOLW\YHU\LQIOXHQWLDOKHZDVQRPLQDWHGWR
9HUVDLOOHV%XWDV\RXNQRZD&RUVLFDQZKRKDVVZRUQWR

553

DYHQJHKLPVHOIFDUHVQRWIRUGLVWDQFHVRKLVFDUULDJHIDVW
DVLWZHQWZDVQHYHUDERYHKDOIDGD\
VMRXUQH\EHIRUHPH
ZKRIROORZHGKLPRQIRRW7KHPRVWLPSRUWDQWWKLQJZDVQRW
WRNLOOKLPRQO\IRU,KDGDQRSSRUWXQLW\RIGRLQJVRD
KXQGUHGWLPHVEXWWRNLOOKLPZLWKRXWEHLQJGLVFRYHUHG
DWOHDVWZLWKRXWEHLQJDUUHVWHG,QRORQJHUEHORQJHGWR
P\VHOIIRU,KDGP\VLVWHULQODZWRSURWHFWDQGSURYLGH
IRU)RUWKUHHPRQWKV,ZDWFKHG0GH9LOOHIRUWIRUWKUHH
PRQWKVKHWRRNQRWDVWHSRXWRIGRRUVZLWKRXWP\IROORZLQJ
KLP$WOHQJWK,GLVFRYHUHGWKDWKHZHQWP\VWHULRXVO\WR
$XWHXLO,IROORZHGKLPWKLWKHUDQG,VDZKLPHQWHUWKH
KRXVHZKHUHZHQRZDUHRQO\LQVWHDGRIHQWHULQJE\WKH
JUHDWGRRUWKDWORRNVLQWRWKHVWUHHWKHFDPHRQKRUVHEDFN
RULQKLVFDUULDJHOHIWWKHRQHRUWKHRWKHUDWWKHOLWWOH
LQQDQGHQWHUHGE\WKHJDWH\RXVHHWKHUH0RQWH&ULVWR
PDGHDVLJQZLWKKLVKHDGWRVKRZWKDWKHFRXOGGLVFHUQLQ
WKHGDUNQHVVWKHGRRUWRZKLFK%HUWXFFLRDOOXGHG$V,KDG
QRWKLQJPRUHWRGRDW9HUVDLOOHV,ZHQWWR$XWHXLODQG
JDLQHGDOOWKHLQIRUPDWLRQ,FRXOG,I,ZLVKHGWRVXUSULVH
KLPLWZDVHYLGHQWWKLVZDVWKHVSRWWROLHLQZDLWIRU
KLP7KHKRXVHEHORQJHGDVWKHFRQFLHUJHLQIRUPHG\RXU
H[FHOOHQF\WR0GH6DLQW0HUDQ9LOOHIRUW
VIDWKHULQODZ
0GH6DLQW0HUDQOLYHGDW0DUVHLOOHVVRWKDWWKLVFRXQWU\
KRXVHZDVXVHOHVVWRKLPDQGLWZDVUHSRUWHGWREHOHWWRD
\RXQJZLGRZNQRZQRQO\E\WKHQDPHRICWKHEDURQHVV

2QHHYHQLQJDV,ZDVORRNLQJRYHUWKHZDOO,VDZD\RXQJ
DQGKDQGVRPHZRPDQZKRZDVZDONLQJDORQHLQWKDWJDUGHQ
ZKLFKZDVQRWRYHUORRNHGE\DQ\ZLQGRZVDQG,JXHVVHGWKDW
VKHZDVDZDLWLQJ0GH9LOOHIRUW:KHQVKHZDVVXIILFLHQWO\
QHDUIRUPHWRGLVWLQJXLVKKHUIHDWXUHV,VDZVKHZDVIURP
HLJKWHHQWRQLQHWHHQWDOODQGYHU\IDLU$VVKHKDGDORRVH
PXVOLQGUHVVRQDQGDVQRWKLQJFRQFHDOHGKHUILJXUH,VDZ
VKHZRXOGHUHORQJEHFRPHDPRWKHU$IHZPRPHQWVDIWHUWKH
OLWWOHGRRUZDVRSHQHGDQGDPDQHQWHUHG7KH\RXQJZRPDQ
KDVWHQHGWRPHHWKLP7KH\WKUHZWKHPVHOYHVLQWRHDFK
RWKHU
VDUPVHPEUDFHGWHQGHUO\DQGUHWXUQHGWRJHWKHUWR
WKHKRXVH7KHPDQZDV0GH9LOOHIRUW,IXOO\EHOLHYHG
WKDWZKHQKHZHQWRXWLQWKHQLJKWKHZRXOGEHIRUFHGWR
WUDYHUVHWKHZKROHRIWKHJDUGHQDORQH
$QGDVNHGWKHFRXQWGLG\RXHYHUNQRZWKHQDPHRIWKLV
ZRPDQ"

554

1RH[FHOOHQF\UHWXUQHG%HUWXFFLR\RXZLOOVHHWKDW,
KDGQRWLPHWROHDUQLW
*RRQ
7KDWHYHQLQJFRQWLQXHG%HUWXFFLR,FRXOGKDYHNLOOHG
WKHSURFXUHXUEXWDV,ZDVQRWVXIILFLHQWO\DFTXDLQWHGZLWK
WKHQHLJKERUKRRG,ZDVIHDUIXORIQRWNLOOLQJKLPRQWKH
VSRWDQGWKDWLIKLVFULHVZHUHRYHUKHDUG,PLJKWEHWDNHQ
VR,SXWLWRIIXQWLOWKHQH[WRFFDVLRQDQGLQRUGHUWKDW
QRWKLQJVKRXOGHVFDSHPH,WRRNDFKDPEHUORRNLQJLQWRWKH
VWUHHWERUGHUHGE\WKHZDOORIWKHJDUGHQ7KUHHGD\VDIWHU
DERXWVHYHQR
FORFNLQWKHHYHQLQJ,VDZDVHUYDQWRQ
KRUVHEDFNOHDYHWKHKRXVHDWIXOOJDOORSDQGWDNHWKHURDG
WR6HYUHV,FRQFOXGHGWKDWKHZDVJRLQJWR9HUVDLOOHVDQG
,ZDVQRWGHFHLYHG7KUHHKRXUVODWHUWKHPDQUHWXUQHG
FRYHUHGZLWKGXVWKLVHUUDQGZDVSHUIRUPHGDQGWZRPLQXWHV
DIWHUDQRWKHUPDQRQIRRWPXIIOHGLQDPDQWOHRSHQHGWKH
OLWWOHGRRURIWKHJDUGHQZKLFKKHFORVHGDIWHUKLP,
GHVFHQGHGUDSLGO\DOWKRXJK,KDGQRWVHHQ9LOOHIRUW
VIDFH
,UHFRJQL]HGKLPE\WKHEHDWLQJRIP\KHDUW,FURVVHGWKH
VWUHHWDQGVWRSSHGDWDSRVWSODFHGDWWKHDQJOHRIWKH
ZDOODQGE\PHDQVRIZKLFK,KDGRQFHEHIRUHORRNHGLQWR
WKHJDUGHQ7KLVWLPH,GLGQRWFRQWHQWP\VHOIZLWKORRNLQJ
EXW,WRRNP\NQLIHRXWRIP\SRFNHWIHOWWKDWWKHSRLQW
ZDVVKDUSDQGVSUDQJRYHUWKHZDOO0\ILUVWFDUHZDVWR
UXQWRWKHGRRUKHKDGOHIWWKHNH\LQLWWDNLQJWKH
VLPSOHSUHFDXWLRQRIWXUQLQJLWWZLFHLQWKHORFN1RWKLQJ
WKHQSUHYHQWLQJP\HVFDSHE\WKLVPHDQV,H[DPLQHGWKH
JURXQGV7KHJDUGHQZDVORQJDQGQDUURZDVWUHWFKRIVPRRWK
WXUIH[WHQGHGGRZQWKHPLGGOHDQGDWWKHFRUQHUVZHUH
FOXPSVRIWUHHVZLWKWKLFNDQGPDVV\IROLDJHWKDWPDGHD
EDFNJURXQGIRUWKHVKUXEVDQGIORZHUV,QRUGHUWRJRIURP
WKHGRRUWRWKHKRXVHRUIURPWKHKRXVHWRWKHGRRU0GH
9LOOHIRUWZRXOGEHREOLJHGWRSDVVE\RQHRIWKHVHFOXPSVRI
WUHHV
,WZDVWKHHQGRI6HSWHPEHUWKHZLQGEOHZYLROHQWO\7KH
IDLQWJOLPSVHVRIWKHSDOHPRRQKLGGHQPRPHQWDULO\E\
PDVVHVRIGDUNFORXGVWKDWZHUHVZHHSLQJDFURVVWKHVN\
ZKLWHQHGWKHJUDYHOZDONVWKDWOHGWRWKHKRXVHEXWZHUH
XQDEOHWRSLHUFHWKHREVFXULW\RIWKHWKLFNVKUXEEHULHVLQ
ZKLFKDPDQFRXOGFRQFHDOKLPVHOIZLWKRXWDQ\IHDURI
GLVFRYHU\,KLGP\VHOILQWKHRQHQHDUHVWWRWKHSDWK

555

9LOOHIRUWPXVWWDNHDQGVFDUFHO\ZDV,WKHUHZKHQDPLGVW
WKHJXVWVRIZLQG,IDQFLHG,KHDUGJURDQVEXW\RXNQRZ
RUUDWKHU\RXGRQRWNQRZ\RXUH[FHOOHQF\WKDWKHZKRLV
DERXWWRFRPPLWDQDVVDVVLQDWLRQIDQFLHVWKDWKHKHDUVORZ
FULHVSHUSHWXDOO\ULQJLQJLQKLVHDUV7ZRKRXUVSDVVHG
WKXVGXULQJZKLFK,LPDJLQHG,KHDUGPRDQVUHSHDWHGO\
0LGQLJKWVWUXFN$VWKHODVWVWURNHGLHGDZD\,VDZDIDLQW
OLJKWVKLQHWKURXJKWKHZLQGRZVRIWKHSULYDWHVWDLUFDVHE\
ZKLFKZHKDYHMXVWGHVFHQGHG7KHGRRURSHQHGDQGWKHPDQ
LQWKHPDQWOHUHDSSHDUHG7KHWHUULEOHPRPHQWKDGFRPHEXW
,KDGVRORQJEHHQSUHSDUHGIRULWWKDWP\KHDUWGLGQRW
IDLOLQWKHOHDVW,GUHZP\NQLIHIURPP\SRFNHWDJDLQ
RSHQHGLWDQGPDGHUHDG\WRVWULNH7KHPDQLQWKHPDQWOH
DGYDQFHGWRZDUGVPHEXWDVKHGUHZQHDU,VDZWKDWKHKDGD
ZHDSRQLQKLVKDQG,ZDVDIUDLGQRWRIDVWUXJJOHEXWRI
DIDLOXUH:KHQKHZDVRQO\DIHZSDFHVIURPPH,VDZWKDW
ZKDW,KDGWDNHQIRUDZHDSRQZDVRQO\DVSDGH,ZDVVWLOO
XQDEOHWRGLYLQHIRUZKDWUHDVRQ0GH9LOOHIRUWKDGWKLV
VSDGHLQKLVKDQGVZKHQKHVWRSSHGFORVHWRWKHWKLFNHW
ZKHUH,ZDVJODQFHGURXQGDQGEHJDQWRGLJDKROHLQWKH
HDUWK,WKHQSHUFHLYHGWKDWKHZDVKLGLQJVRPHWKLQJXQGHU
KLVPDQWOHZKLFKKHODLGRQWKHJUDVVLQRUGHUWRGLJPRUH
IUHHO\7KHQ,FRQIHVVFXULRVLW\PLQJOHGZLWKKDWUHG,
ZLVKHGWRVHHZKDW9LOOHIRUWZDVJRLQJWRGRWKHUHDQG,
UHPDLQHGPRWLRQOHVVKROGLQJP\EUHDWK7KHQDQLGHDFURVVHG
P\PLQGZKLFKZDVFRQILUPHGZKHQ,VDZWKHSURFXUHXUOLIW
IURPXQGHUKLVPDQWOHDER[WZRIHHWORQJDQGVL[RUHLJKW
LQFKHVGHHS,OHWKLPSODFHWKHER[LQWKHKROHKHKDG
PDGHWKHQZKLOHKHVWDPSHGZLWKKLVIHHWWRUHPRYHDOO
WUDFHVRIKLVRFFXSDWLRQ,UXVKHGRQKLPDQGSOXQJHGP\
NQLIHLQWRKLVEUHDVWH[FODLPLQJC,DP*LRYDQQL
%HUWXFFLRWK\GHDWKIRUP\EURWKHU
VWK\WUHDVXUHIRUKLV
ZLGRZWKRXVHHVWWKDWP\YHQJHDQFHLVPRUHFRPSOHWHWKDQ,
KDGKRSHG
,NQRZQRWLIKHKHDUGWKHVHZRUGV,WKLQNKH
GLGQRWIRUKHIHOOZLWKRXWDFU\,IHOWKLVEORRGJXVK
RYHUP\IDFHEXW,ZDVLQWR[LFDWHG,ZDVGHOLULRXVDQG
WKHEORRGUHIUHVKHGLQVWHDGRIEXUQLQJPH,QDVHFRQG,
KDGGLVLQWHUUHGWKHER[WKHQWKDWLWPLJKWQRWEHNQRZQ,
KDGGRQHVR,ILOOHGXSWKHKROHWKUHZWKHVSDGHRYHUWKH
ZDOODQGUXVKHGWKURXJKWKHGRRUZKLFK,GRXEOHORFNHG
FDUU\LQJRIIWKHNH\
$KVDLG0RQWH&ULVWRLWVHHPVWRPHWKLVZDVQRWKLQJEXW
PXUGHUDQGUREEHU\

556

1R\RXUH[FHOOHQF\UHWXUQHG%HUWXFFLRLWZDVD
YHQGHWWDIROORZHGE\UHVWLWXWLRQ
$QGZDVWKHVXPDODUJHRQH"
,WZDVQRWPRQH\
$K,UHFROOHFWUHSOLHGWKHFRXQWGLG\RXQRWVD\
VRPHWKLQJRIDQLQIDQW"
<HVH[FHOOHQF\,KDVWHQHGWRWKHULYHUVDWGRZQRQWKH
EDQNDQGZLWKP\NQLIHIRUFHGRSHQWKHORFNRIWKHER[,Q
DILQHOLQHQFORWKZDVZUDSSHGDQHZERUQFKLOG,WVSXUSOH
YLVDJHDQGLWVYLROHWFRORUHGKDQGVVKRZHGWKDWLWKDG
SHULVKHGIURPVXIIRFDWLRQEXWDVLWZDVQRW\HWFROG,
KHVLWDWHGWRWKURZLWLQWRWKHZDWHUWKDWUDQDWP\IHHW
$IWHUDPRPHQW,IDQFLHGWKDW,IHOWDVOLJKWSXOVDWLRQRI
WKHKHDUWDQGDV,KDGEHHQDVVLVWDQWDWWKHKRVSLWDODW
%DVWLD,GLGZKDWDGRFWRUZRXOGKDYHGRQH,LQIODWHG
WKHOXQJVE\EORZLQJDLULQWRWKHPDQGDWWKHH[SLUDWLRQRI
DTXDUWHURIDQKRXULWEHJDQWREUHDWKHDQGFULHGIHHEO\
,QP\WXUQ,XWWHUHGDFU\EXWDFU\RIMR\C*RGKDVQRW
FXUVHGPHWKHQ
,FULHGCVLQFHKHSHUPLWVPHWRVDYHWKH
OLIHRIDKXPDQFUHDWXUHLQH[FKDQJHIRUWKHOLIH,KDYH
WDNHQDZD\

$QGZKDWGLG\RXGRZLWKWKHFKLOG"DVNHG0RQWH&ULVWR
,WZDVDQHPEDUUDVVLQJORDGIRUDPDQVHHNLQJWRHVFDSH
,KDGQRWIRUDPRPHQWWKHLGHDRINHHSLQJLWEXW,NQHZ
WKDWDW3DULVWKHUHZDVDQDV\OXPZKHUHWKH\UHFHLYHVXFK
FUHDWXUHV$V,SDVVHGWKHFLW\JDWHV,GHFODUHGWKDW,KDG
IRXQGWKHFKLOGRQWKHURDGDQG,LQTXLUHGZKHUHWKHDV\OXP
ZDVWKHER[FRQILUPHGP\VWDWHPHQWWKHOLQHQSURYHGWKDW
WKHLQIDQWEHORQJHGWRZHDOWK\SDUHQWVWKHEORRGZLWKZKLFK
,ZDVFRYHUHGPLJKWKDYHSURFHHGHGIURPWKHFKLOGDVZHOODV
IURPDQ\RQHHOVH1RREMHFWLRQZDVUDLVHGEXWWKH\SRLQWHG
RXWWKHDV\OXPZKLFKZDVVLWXDWHGDWWKHXSSHUHQGRIWKH
5XHG
(QIHUDQGDIWHUKDYLQJWDNHQWKHSUHFDXWLRQRI
FXWWLQJWKHOLQHQLQWZRSLHFHVVRWKDWRQHRIWKHWZR
OHWWHUVZKLFKPDUNHGLWZDVRQWKHSLHFHZUDSSHGDURXQGWKH
FKLOGZKLOHWKHRWKHUUHPDLQHGLQP\SRVVHVVLRQ,UDQJWKH
EHOODQGIOHGZLWKDOOVSHHG$IRUWQLJKWDIWHU,ZDVDW

557

5RJOLDQRDQG,VDLGWR$VVXQWDC&RQVROHWK\VHOI
VLVWHU,VUDHOLVGHDGEXWKHLVDYHQJHG
6KHGHPDQGHG
ZKDW,PHDQWDQGZKHQ,KDGWROGKHUDOOC*LRYDQQL

VDLGVKHC\RXVKRXOGKDYHEURXJKWWKLVFKLOGZLWK\RXZH
ZRXOGKDYHUHSODFHGWKHSDUHQWVLWKDVORVWKDYHFDOOHGLW
%HQHGHWWRDQGWKHQLQFRQVHTXHQFHRIWKLVJRRGDFWLRQ*RG
ZRXOGKDYHEOHVVHGXV
,QUHSO\,JDYHKHUWKHKDOIRIWKH
OLQHQ,KDGNHSWLQRUGHUWRUHFODLPKLPLIZHEHFDPHULFK
:KDWOHWWHUVZHUHPDUNHGRQWKHOLQHQ"VDLG0RQWH&ULVWR
$Q+DQGDQ1VXUPRXQWHGE\DEDURQ
VFRURQHW
%\KHDYHQ0%HUWXFFLR\RXPDNHXVHRIKHUDOGLFWHUPV
ZKHUHGLG\RXVWXG\KHUDOGU\"
,Q\RXUVHUYLFHH[FHOOHQF\ZKHUHHYHU\WKLQJLVOHDUQHG
*RRQ,DPFXULRXVWRNQRZWZRWKLQJV
:KDWDUHWKH\\RXUH[FHOOHQF\"
:KDWEHFDPHRIWKLVOLWWOHER\"IRU,WKLQN\RXWROGPHLW
ZDVDER\0%HUWXFFLR
1RH[FHOOHQF\,GRQRWUHFROOHFWWHOOLQJ\RXWKDW
,WKRXJKW\RXGLG,PXVWKDYHEHHQPLVWDNHQ
1R\RXZHUHQRWIRULWZDVLQUHDOLW\DOLWWOHER\%XW
\RXUH[FHOOHQF\ZLVKHGWRNQRZWZRWKLQJVZKDWZDVWKH
VHFRQG"
7KHVHFRQGZDVWKHFULPHRIZKLFK\RXZHUHDFFXVHGZKHQ\RX
DVNHGIRUDFRQIHVVRUDQGWKH$EEH%XVRQLFDPHWRYLVLW\RX
DW\RXUUHTXHVWLQWKHSULVRQDW1LPHV
7KHVWRU\ZLOOEHYHU\ORQJH[FHOOHQF\
:KDWPDWWHU"\RXNQRZ,WDNHEXWOLWWOHVOHHSDQG,GRQRW
VXSSRVH\RXDUHYHU\PXFKLQFOLQHGIRULWHLWKHU%HUWXFFLR
ERZHGDQGUHVXPHGKLVVWRU\
3DUWO\WRGURZQWKHUHFROOHFWLRQVRIWKHSDVWWKDWKDXQWHG

558

PHSDUWO\WRVXSSO\WKHZDQWVRIWKHSRRUZLGRZ,HDJHUO\
UHWXUQHGWRP\WUDGHRIVPXJJOHUZKLFKKDGEHFRPHPRUHHDV\
VLQFHWKDWUHOD[DWLRQRIWKHODZVZKLFKDOZD\VIROORZVD
UHYROXWLRQ7KHVRXWKHUQGLVWULFWVZHUHLOOZDWFKHGLQ
SDUWLFXODULQFRQVHTXHQFHRIWKHGLVWXUEDQFHVWKDWZHUH
SHUSHWXDOO\EUHDNLQJRXWLQ$YLJQRQ1LPHVRU8]HV:H
SURILWHGE\WKLVUHVSLWHRQWKHSDUWRIWKHJRYHUQPHQWWR
PDNHIULHQGVHYHU\ZKHUH6LQFHP\EURWKHU
VDVVDVVLQDWLRQLQ
WKHVWUHHWVRI1LPHV,KDGQHYHUHQWHUHGWKHWRZQWKH
UHVXOWZDVWKDWWKHLQQNHHSHUZLWKZKRPZHZHUHFRQQHFWHG
VHHLQJWKDWZHZRXOGQRORQJHUFRPHWRKLPZDVIRUFHGWR
FRPHWRXVDQGKDGHVWDEOLVKHGDEUDQFKWRKLVLQQRQWKH
URDGIURP%HOOHJDUGHWR%HDXFDLUHDWWKHVLJQRIWKH3RQW
GX*DUG:HKDGWKXVDW$LJXHV0RUWHV0DUWLJXHVRU%RXF
DGR]HQSODFHVZKHUHZHOHIWRXUJRRGVDQGZKHUHLQFDVH
RIQHFHVVLW\ZHFRQFHDOHGRXUVHOYHVIURPWKHJHQGDUPHVDQG
FXVWRPKRXVHRIILFHUV6PXJJOLQJLVDSURILWDEOHWUDGHZKHQ
DFHUWDLQGHJUHHRIYLJRUDQGLQWHOOLJHQFHLVHPSOR\HGDV
IRUP\VHOIEURXJKWXSLQWKHPRXQWDLQV,KDGDGRXEOH
PRWLYHIRUIHDULQJWKHJHQGDUPHVDQGFXVWRPKRXVHRIILFHUV
DVP\DSSHDUDQFHEHIRUHWKHMXGJHVZRXOGFDXVHDQLQTXLU\
DQGDQLQTXLU\DOZD\VORRNVEDFNLQWRWKHSDVW$QGLQP\
SDVWOLIHWKH\PLJKWILQGVRPHWKLQJIDUPRUHJUDYHWKDQWKH
VHOOLQJRIVPXJJOHGFLJDUVRUEDUUHOVRIEUDQG\ZLWKRXWD
SHUPLW6RSUHIHUULQJGHDWKWRFDSWXUH,DFFRPSOLVKHGWKH
PRVWDVWRQLVKLQJGHHGVDQGZKLFKPRUHWKDQRQFHVKRZHGPH
WKDWWKHWRRJUHDWFDUHZHWDNHRIRXUERGLHVLVWKHRQO\
REVWDFOHWRWKHVXFFHVVRIWKRVHSURMHFWVZKLFKUHTXLUH
UDSLGGHFLVLRQDQGYLJRURXVDQGGHWHUPLQHGH[HFXWLRQ,Q
UHDOLW\ZKHQ\RXKDYHRQFHGHYRWHG\RXUOLIHWR\RXU
HQWHUSULVHV\RXDUHQRORQJHUWKHHTXDORIRWKHUPHQRU
UDWKHURWKHUPHQDUHQRORQJHU\RXUHTXDOVDQGZKRVRHYHU
KDVWDNHQWKLVUHVROXWLRQIHHOVKLVVWUHQJWKDQGUHVRXUFHV
GRXEOHG
3KLORVRSK\0%HUWXFFLRLQWHUUXSWHGWKH&RXQW\RXKDYH
GRQHDOLWWOHRIHYHU\WKLQJLQ\RXUOLIH
2KH[FHOOHQF\
1RQREXWSKLORVRSK\DWKDOISDVWWHQDWQLJKWLV
VRPHZKDWODWH\HW,KDYHQRRWKHUREVHUYDWLRQWRPDNHIRU
ZKDW\RXVD\LVFRUUHFWZKLFKLVPRUHWKDQFDQEHVDLGIRU
DOOSKLORVRSK\

559

0\MRXUQH\VEHFDPHPRUHDQGPRUHH[WHQVLYHDQGPRUH
SURGXFWLYH$VVXQWDWRRNFDUHRIDOODQGRXUOLWWOHIRUWXQH
LQFUHDVHG2QHGD\DV,ZDVVHWWLQJRIIRQDQH[SHGLWLRQ
C*R
VDLGVKHCDW\RXUUHWXUQ,ZLOOJLYH\RXDVXUSULVH

,TXHVWLRQHGKHUEXWLQYDLQVKHZRXOGWHOOPHQRWKLQJ
DQG,GHSDUWHG2XUH[SHGLWLRQODVWHGQHDUO\VL[ZHHNVZH
KDGEHHQWR/XFFDWRWDNHLQRLOWR/HJKRUQIRU(QJOLVK
FRWWRQVDQGZHUDQRXUFDUJRZLWKRXWRSSRVLWLRQDQG
UHWXUQHGKRPHIXOORIMR\:KHQ,HQWHUHGWKHKRXVHWKH
ILUVWWKLQJ,EHKHOGLQWKHPLGGOHRI$VVXQWD
VFKDPEHUZDV
DFUDGOHWKDWPLJKWEHFDOOHGVXPSWXRXVFRPSDUHGZLWKWKH
UHVWRIWKHIXUQLWXUHDQGLQLWDEDE\VHYHQRUHLJKW
PRQWKVROG,XWWHUHGDFU\RIMR\WKHRQO\PRPHQWVRI
VDGQHVV,KDGNQRZQVLQFHWKHDVVDVVLQDWLRQRIWKHSURFXUHXU
ZHUHFDXVHGE\WKHUHFROOHFWLRQWKDW,KDGDEDQGRQHGWKLV
FKLOG)RUWKHDVVDVVLQDWLRQLWVHOI,KDGQHYHUIHOWDQ\
UHPRUVH3RRU$VVXQWDKDGJXHVVHGDOO6KHKDGSURILWHGE\
P\DEVHQFHDQGIXUQLVKHGZLWKWKHKDOIRIWKHOLQHQDQG
KDYLQJZULWWHQGRZQWKHGD\DQGKRXUDWZKLFK,KDG
GHSRVLWHGWKHFKLOGDWWKHDV\OXPKDGVHWRIIIRU3DULV
DQGKDGUHFODLPHGLW1RREMHFWLRQZDVUDLVHGDQGWKH
LQIDQWZDVJLYHQXSWRKHU$K,FRQIHVV\RXUH[FHOOHQF\
ZKHQ,VDZWKLVSRRUFUHDWXUHVOHHSLQJSHDFHIXOO\LQLWV
FUDGOH,IHOWP\H\HVILOOHGZLWKWHDUVC$K$VVXQWD

FULHG,C\RXDUHDQH[FHOOHQWZRPDQDQGKHDYHQZLOOEOHVV
\RX

7KLVVDLG0RQWH&ULVWRLVOHVVFRUUHFWWKDQ\RXU
SKLORVRSK\LWLVRQO\IDLWK
$ODV\RXUH[FHOOHQF\LVULJKWUHSOLHG%HUWXFFLRDQG
*RGPDGHWKLVLQIDQWWKHLQVWUXPHQWRIRXUSXQLVKPHQW1HYHU
GLGDSHUYHUVHQDWXUHGHFODUHLWVHOIPRUHSUHPDWXUHO\DQG
\HWLWZDVQRWRZLQJWRDQ\IDXOWLQKLVEULQJLQJXS+HZDV
DPRVWORYHO\FKLOGZLWKODUJHEOXHH\HVRIWKDWGHHS
FRORUWKDWKDUPRQL]HVVRZHOOZLWKWKHEORQGFRPSOH[LRQ
RQO\KLVKDLUZKLFKZDVWRROLJKWJDYHKLVIDFHDPRVW
VLQJXODUH[SUHVVLRQDQGDGGHGWRWKHYLYDFLW\RIKLVORRN
DQGWKHPDOLFHRIKLVVPLOH8QIRUWXQDWHO\WKHUHLVD
SURYHUEZKLFKVD\VWKDWCUHGLVHLWKHUDOWRJHWKHUJRRGRU
DOWRJHWKHUEDG
7KHSURYHUEZDVEXWWRRFRUUHFWDVUHJDUGHG
%HQHGHWWRDQGHYHQLQKLVLQIDQF\KHPDQLIHVWHGWKHZRUVW
GLVSRVLWLRQ,WLVWUXHWKDWWKHLQGXOJHQFHRIKLV

560

IRVWHUPRWKHUHQFRXUDJHGKLP7KLVFKLOGIRUZKRPP\SRRU
VLVWHUZRXOGJRWRWKHWRZQILYHRUVL[OHDJXHVRIIWR
SXUFKDVHWKHHDUOLHVWIUXLWVDQGWKHPRVWWHPSWLQJ
VZHHWPHDWVSUHIHUUHGWR3DOPDJUDSHVRU*HQRHVHSUHVHUYHV
WKHFKHVWQXWVVWROHQIURPDQHLJKERU
VRUFKDUGRUWKHGULHG
DSSOHVLQKLVORIWZKHQKHFRXOGHDWDVZHOORIWKHQXWV
DQGDSSOHVWKDWJUHZLQP\JDUGHQ2QHGD\ZKHQ%HQHGHWWR
ZDVDERXWILYHRUVL[RXUQHLJKERU9DVLOLRZKRDFFRUGLQJ
WRWKHFXVWRPRIWKHFRXQWU\QHYHUORFNHGXSKLVSXUVHRU
KLVYDOXDEOHVIRUDV\RXUH[FHOOHQF\NQRZVWKHUHDUHQR
WKLHYHVLQ&RUVLFDFRPSODLQHGWKDWKHKDGORVWDORXLV
RXWRIKLVSXUVHZHWKRXJKWKHPXVWKDYHPDGHDPLVWDNHLQ
FRXQWLQJKLVPRQH\EXWKHSHUVLVWHGLQWKHDFFXUDF\RIKLV
VWDWHPHQW2QHGD\%HQHGHWWRZKRKDGEHHQJRQHIURPWKH
KRXVHVLQFHPRUQLQJWRRXUJUHDWDQ[LHW\GLGQRWUHWXUQ
XQWLOODWHLQWKHHYHQLQJGUDJJLQJDPRQNH\DIWHUKLP
ZKLFKKHVDLGKHKDGIRXQGFKDLQHGWRWKHIRRWRIDWUHH
)RUPRUHWKDQDPRQWKSDVWWKHPLVFKLHYRXVFKLOGZKRNQHZ
QRWZKDWWRZLVKIRUKDGWDNHQLWLQWRKLVKHDGWRKDYHD
PRQNH\$ERDWPDQZKRKDGSDVVHGE\5RJOLDQRDQGZKRKDG
VHYHUDORIWKHVHDQLPDOVZKRVHWULFNVKDGJUHDWO\GLYHUWHG
KLPKDGGRXEWOHVVVXJJHVWHGWKLVLGHDWRKLPC0RQNH\V
DUHQRWIRXQGLQRXUZRRGVFKDLQHGWRWUHHV
VDLG,
CFRQIHVVKRZ\RXREWDLQHGWKLVDQLPDO
%HQHGHWWRPDLQWDLQHG
WKHWUXWKRIZKDWKHKDGVDLGDQGDFFRPSDQLHGLWZLWK
GHWDLOVWKDWGLGPRUHKRQRUWRKLVLPDJLQDWLRQWKDQWRKLV
YHUDFLW\,EHFDPHDQJU\KHEHJDQWRODXJK,WKUHDWHQHGWR
VWULNHKLPDQGKHPDGHWZRVWHSVEDFNZDUGVC<RXFDQQRW
EHDWPH
VDLGKHC\RXKDYHQRULJKWIRU\RXDUHQRWP\
IDWKHU

:HQHYHUNQHZZKRKDGUHYHDOHGWKLVIDWDOVHFUHWZKLFKZH
KDGVRFDUHIXOO\FRQFHDOHGIURPKLPKRZHYHULWZDVWKLV
DQVZHULQZKLFKWKHFKLOG
VZKROHFKDUDFWHUUHYHDOHG
LWVHOIWKDWDOPRVWWHUULILHGPHDQGP\DUPIHOOZLWKRXW
WRXFKLQJKLP7KHER\WULXPSKHGDQGWKLVYLFWRU\UHQGHUHG
KLPVRDXGDFLRXVWKDWDOOWKHPRQH\RI$VVXQWDZKRVH
DIIHFWLRQIRUKLPVHHPHGWRLQFUHDVHDVKHEHFDPHPRUH
XQZRUWK\RILWZDVVSHQWLQFDSULFHVVKHNQHZQRWKRZWR
FRQWHQGDJDLQVWDQGIROOLHVVKHKDGQRWWKHFRXUDJHWR
SUHYHQW:KHQ,ZDVDW5RJOLDQRHYHU\WKLQJZHQWRQSURSHUO\
EXWQRVRRQHUZDVP\EDFNWXUQHGWKDQ%HQHGHWWREHFDPH
PDVWHUDQGHYHU\WKLQJZHQWLOO:KHQKHZDVRQO\HOHYHQKH
FKRVHKLVFRPSDQLRQVIURPDPRQJWKH\RXQJPHQRIHLJKWHHQRU

561

WZHQW\WKHZRUVWFKDUDFWHUVLQ%DVWLDRULQGHHGLQ
&RUVLFDDQGWKH\KDGDOUHDG\IRUVRPHPLVFKLHYRXVSUDQNV
EHHQVHYHUDOWLPHVWKUHDWHQHGZLWKDSURVHFXWLRQ,EHFDPH
DODUPHGDVDQ\SURVHFXWLRQPLJKWEHDWWHQGHGZLWKVHULRXV
FRQVHTXHQFHV,ZDVFRPSHOOHGDWWKLVSHULRGWROHDYH
&RUVLFDRQDQLPSRUWDQWH[SHGLWLRQ,UHIOHFWHGIRUDORQJ
WLPHDQGZLWKWKHKRSHRIDYHUWLQJVRPHLPSHQGLQJ
PLVIRUWXQH,UHVROYHGWKDW%HQHGHWWRVKRXOGDFFRPSDQ\PH,
KRSHGWKDWWKHDFWLYHDQGODERULRXVOLIHRIDVPXJJOHUZLWK
WKHVHYHUHGLVFLSOLQHRQERDUGZRXOGKDYHDVDOXWDU\HIIHFW
RQKLVFKDUDFWHUZKLFKZDVQRZZHOOQLJKLIQRWTXLWH
FRUUXSW,VSRNHWR%HQHGHWWRDORQHDQGSURSRVHGWRKLPWR
DFFRPSDQ\PHHQGHDYRULQJWRWHPSWKLPE\DOOWKHSURPLVHV
PRVWOLNHO\WRGD]]OHWKHLPDJLQDWLRQRIDFKLOGRIWZHOYH
+HKHDUGPHSDWLHQWO\DQGZKHQ,KDGILQLVKHGEXUVWRXW
ODXJKLQJ
C$UH\RXPDGXQFOH"
 KHFDOOHGPHE\WKLVQDPHZKHQKH
ZDVLQJRRGKXPRU CGR\RXWKLQN,DPJRLQJWRFKDQJHWKH
OLIH,OHDGIRU\RXUPRGHRIH[LVWHQFHP\DJUHHDEOH
LQGROHQFHIRUWKHKDUGDQGSUHFDULRXVWRLO\RXLPSRVHRQ
\RXUVHOIH[SRVHGWRWKHELWWHUIURVWDWQLJKWDQGWKH
VFRUFKLQJKHDWE\GD\FRPSHOOHGWRFRQFHDO\RXUVHOIDQG
ZKHQ\RXDUHSHUFHLYHGUHFHLYHDYROOH\RIEXOOHWVDOOWR
HDUQDSDOWU\VXP":K\,KDYHDVPXFKPRQH\DV,ZDQW
PRWKHU$VVXQWDDOZD\VIXUQLVKHVPHZKHQ,DVNIRULW<RX
VHHWKDW,VKRXOGEHDIRROWRDFFHSW\RXURIIHU
7KH
DUJXPHQWVDQGKLVDXGDFLW\SHUIHFWO\VWXSHILHGPH
%HQHGHWWRUHMRLQHGKLVDVVRFLDWHVDQG,VDZKLPIURPD
GLVWDQFHSRLQWPHRXWWRWKHPDVDIRRO
6ZHHWFKLOGPXUPXUHG0RQWH&ULVWR
2KKDGKHEHHQP\RZQVRQUHSOLHG%HUWXFFLRRUHYHQP\
QHSKHZ,ZRXOGKDYHEURXJKWKLPEDFNWRWKHULJKWURDGIRU
WKHNQRZOHGJHWKDW\RXDUHGRLQJ\RXUGXW\JLYHV\RX
VWUHQJWKEXWWKHLGHDWKDW,ZDVVWULNLQJDFKLOGZKRVH
IDWKHU,KDGNLOOHGPDGHLWLPSRVVLEOHIRUPHWRSXQLVK
KLP,JDYHP\VLVWHUZKRFRQVWDQWO\GHIHQGHGWKH
XQIRUWXQDWHER\JRRGDGYLFHDQGDVVKHFRQIHVVHGWKDWVKH
KDGVHYHUDOWLPHVPLVVHGPRQH\WRDFRQVLGHUDEOHDPRXQW,
VKRZHGKHUDVDIHSODFHLQZKLFKWRFRQFHDORXUOLWWOH
WUHDVXUHIRUWKHIXWXUH0\PLQGZDVDOUHDG\PDGHXS
%HQHGHWWRFRXOGUHDGZULWHDQGFLSKHUSHUIHFWO\IRUZKHQ

562

WKHILWVHL]HGKLPKHOHDUQHGPRUHLQDGD\WKDQRWKHUVLQ
DZHHN0\LQWHQWLRQZDVWRHQWHUKLPDVDFOHUNLQVRPH
VKLSDQGZLWKRXWOHWWLQJKLPNQRZDQ\WKLQJRIP\SODQWR
FRQYH\KLPVRPHPRUQLQJRQERDUGE\WKLVPHDQVKLVIXWXUH
WUHDWPHQWZRXOGGHSHQGXSRQKLVRZQFRQGXFW,VHWRIIIRU
)UDQFHDIWHUKDYLQJIL[HGXSRQWKHSODQ2XUFDUJRZDVWR
EHODQGHGLQWKH*XOIRI/\RQVDQGWKLVZDVDGLIILFXOW
WKLQJWRGREHFDXVHLWZDVWKHQWKH\HDU7KHPRVW
SHUIHFWWUDQTXLOOLW\ZDVUHVWRUHGDQGWKHYLJLODQFHRIWKH
FXVWRPKRXVHRIILFHUVZDVUHGRXEOHGDQGWKHLUVWULFWQHVV
ZDVLQFUHDVHGDWWKLVWLPHLQFRQVHTXHQFHRIWKHIDLUDW
%HDXFDLUH
2XUH[SHGLWLRQPDGHDIDYRUDEOHEHJLQQLQJ:HDQFKRUHGRXU
YHVVHOZKLFKKDGDGRXEOHKROGZKHUHRXUJRRGVZHUH
FRQFHDOHGDPLGVWDQXPEHURIRWKHUYHVVHOVWKDWERUGHUHG
WKHEDQNVRIWKH5KRQHIURP%HDXFDLUHWR$UOHV2QRXU
DUULYDOZHEHJDQWRGLVFKDUJHRXUFDUJRLQWKHQLJKWDQGWR
FRQYH\LWLQWRWKHWRZQE\WKHKHOSRIWKHLQQNHHSHUZLWK
ZKRPZHZHUHFRQQHFWHG:KHWKHUVXFFHVVUHQGHUHGXV
LPSUXGHQWRUZKHWKHUZHZHUHEHWUD\HG,NQRZQRWEXWRQH
HYHQLQJDERXWILYHR
FORFNRXUOLWWOHFDELQER\FDPH
EUHDWKOHVVO\WRLQIRUPXVWKDWKHKDGVHHQDGHWDFKPHQWRI
FXVWRPKRXVHRIILFHUVDGYDQFLQJLQRXUGLUHFWLRQ,WZDVQRW
WKHLUSUR[LPLW\WKDWDODUPHGXVIRUGHWDFKPHQWVZHUH
FRQVWDQWO\SDWUROOLQJDORQJWKHEDQNVRIWKH5KRQHEXWWKH
FDUHDFFRUGLQJWRWKHER\
VDFFRXQWWKDWWKH\WRRNWR
DYRLGEHLQJVHHQ,QDQLQVWDQWZHZHUHRQWKHDOHUWEXWLW
ZDVWRRODWHRXUYHVVHOZDVVXUURXQGHGDQGDPRQJVWWKH
FXVWRPKRXVHRIILFHUV,REVHUYHGVHYHUDOJHQGDUPHVDQGDV
WHUULILHGDWWKHVLJKWRIWKHLUXQLIRUPVDV,ZDVEUDYHDW
WKHVLJKWRIDQ\RWKHU,VSUDQJLQWRWKHKROGRSHQHGD
SRUWDQGGURSSHGLQWRWKHULYHUGLYHGDQGRQO\URVHDW
LQWHUYDOVWREUHDWKHXQWLO,UHDFKHGDGLWFKWKDWKDG
UHFHQWO\EHHQPDGHIURPWKH5KRQHWRWKHFDQDOWKDWUXQV
IURP%HDXFDLUHWR$LJXHV0RUWHV,ZDVQRZVDIHIRU,FRXOG
VZLPDORQJWKHGLWFKZLWKRXWEHLQJVHHQDQG,UHDFKHGWKH
FDQDOLQVDIHW\,KDGGHVLJQHGO\WDNHQWKLVGLUHFWLRQ,
KDYHDOUHDG\WROG\RXUH[FHOOHQF\RIDQLQQNHHSHUIURP
1LPHVZKRKDGVHWXSDOLWWOHWDYHUQRQWKHURDGIURP
%HOOHJDUGHWR%HDXFDLUH
<HVVDLG0RQWH&ULVWR,SHUIHFWO\UHFROOHFWKLP,WKLQN
KHZDV\RXUFROOHDJXH

563

3UHFLVHO\DQVZHUHG%HUWXFFLREXWKHKDGVHYHQRUHLJKW
\HDUVEHIRUHWKLVSHULRGVROGKLVHVWDEOLVKPHQWWRDWDLORU
DW0DUVHLOOHVZKRKDYLQJDOPRVWUXLQHGKLPVHOILQKLVROG
WUDGHZLVKHGWRPDNHKLVIRUWXQHLQDQRWKHU2IFRXUVHZH
PDGHWKHVDPHDUUDQJHPHQWVZLWKWKHQHZODQGORUGWKDWZHKDG
ZLWKWKHROGDQGLWZDVRIWKLVPDQWKDW,LQWHQGHGWRDVN
VKHOWHU
:KDWZDVKLVQDPH"LQTXLUHGWKHFRXQWZKRVHHPHGWR
EHFRPHVRPHZKDWLQWHUHVWHGLQ%HUWXFFLR
VVWRU\
*DVSDUG&DGHURXVVHKHKDGPDUULHGDZRPDQIURPWKHYLOODJH
RI&DUFRQWHDQGZKRPZHGLGQRWNQRZE\DQ\RWKHUQDPHWKDQ
WKDWRIKHUYLOODJH6KHZDVVXIIHULQJIURPPDODULDOIHYHU
DQGVHHPHGG\LQJE\LQFKHV$VIRUKHUKXVEDQGKHZDVD
VWUDSSLQJIHOORZRIIRUW\RUILYHDQGIRUW\ZKRKDGPRUH
WKDQRQFHLQWLPHRIGDQJHUJLYHQDPSOHSURRIRIKLV
SUHVHQFHRIPLQGDQGFRXUDJH
$QG\RXVD\LQWHUUXSWHG0RQWH&ULVWRWKDWWKLVWRRN
SODFHWRZDUGVWKH\HDU
\RXUH[FHOOHQF\
,QZKDWPRQWK"
-XQH
7KHEHJLQQLQJRUWKHHQG"
7KHHYHQLQJRIWKHG
$KVDLG0RQWH&ULVWRWKHHYHQLQJRIWKHGRI-XQH
*RRQ
,WZDVIURP&DGHURXVVHWKDW,LQWHQGHGGHPDQGLQJVKHOWHU
DQGDVZHQHYHUHQWHUHGE\WKHGRRUWKDWRSHQHGRQWRWKH
URDG,UHVROYHGQRWWREUHDNWKURXJKWKHUXOHVRFOLPELQJ
RYHUWKHJDUGHQKHGJH,FUHSWDPRQJVWWKHROLYHDQGZLOG
ILJWUHHVDQGIHDULQJWKDW&DGHURXVVHPLJKWKDYHVRPH
JXHVW,HQWHUHGDNLQGRIVKHGLQZKLFK,KDGRIWHQSDVVHG
WKHQLJKWDQGZKLFKZDVRQO\VHSDUDWHGIURPWKHLQQE\D
SDUWLWLRQLQZKLFKKROHVKDGEHHQPDGHLQRUGHUWRHQDEOH

564

XVWRZDWFKDQRSSRUWXQLW\RIDQQRXQFLQJRXUSUHVHQFH0\
LQWHQWLRQZDVLI&DGHURXVVHZDVDORQHWRDFTXDLQWKLPZLWK
P\SUHVHQFHILQLVKWKHPHDOWKHFXVWRPKRXVHRIILFHUVKDG
LQWHUUXSWHGDQGSURILWE\WKHWKUHDWHQHGVWRUPWRUHWXUQWR
WKH5KRQHDQGDVFHUWDLQWKHVWDWHRIRXUYHVVHODQGLWV
FUHZ,VWHSSHGLQWRWKHVKHGDQGLWZDVIRUWXQDWH,GLG
VRIRUDWWKDWPRPHQW&DGHURXVVHHQWHUHGZLWKDVWUDQJHU
,ZDLWHGSDWLHQWO\QRWWRRYHUKHDUZKDWWKH\VDLGEXW
EHFDXVH,FRXOGGRQRWKLQJHOVHEHVLGHVWKHVDPHWKLQJKDG
RFFXUUHGRIWHQEHIRUH7KHPDQZKRZDVZLWK&DGHURXVVHZDV
HYLGHQWO\DVWUDQJHUWRWKH6RXWKRI)UDQFHKHZDVRQHRI
WKRVHPHUFKDQWVZKRFRPHWRVHOOMHZHOOHU\DWWKH%HDXFDLUH
IDLUDQGZKRGXULQJWKHPRQWKWKHIDLUODVWVDQGGXULQJ
ZKLFKWKHUHLVVRJUHDWDQLQIOX[RIPHUFKDQWVDQGFXVWRPHUV
IURPDOOSDUWVRI(XURSHRIWHQKDYHGHDOLQJVWRWKHDPRXQW
RIWRIUDQFV&DGHURXVVHHQWHUHGKDVWLO\
7KHQVHHLQJWKDWWKHURRPZDVDVXVXDOHPSW\DQGRQO\
JXDUGHGE\WKHGRJKHFDOOHGWRKLVZLIHC+HOOR
&DUFRQWH
VDLGKHCWKHZRUWK\SULHVWKDVQRWGHFHLYHGXV
WKHGLDPRQGLVUHDO
$QH[FODPDWLRQRIMR\ZDVKHDUGDQG
WKHVWDLUFDVHFUHDNHGEHQHDWKDIHHEOHVWHSC:KDWGR\RX
VD\"
DVNHGKLVZLIHSDOHDVGHDWK
C,VD\WKDWWKHGLDPRQGLVUHDODQGWKDWWKLVJHQWOHPDQ
RQHRIWKHILUVWMHZHOOHUVRI3DULVZLOOJLYHXV
IUDQFVIRULW2QO\LQRUGHUWRVDWLVI\KLPVHOIWKDWLW
UHDOO\EHORQJVWRXVKHZLVKHV\RXWRUHODWHWRKLPDV,
KDYHGRQHDOUHDG\WKHPLUDFXORXVPDQQHULQZKLFKWKH
GLDPRQGFDPHLQWRRXUSRVVHVVLRQ,QWKHPHDQWLPHSOHDVHWR
VLWGRZQPRQVLHXUDQG,ZLOOIHWFK\RXVRPHUHIUHVKPHQW

7KHMHZHOOHUH[DPLQHGDWWHQWLYHO\WKHLQWHULRURIWKHLQQ
DQGWKHDSSDUHQWSRYHUW\RIWKHSHUVRQVZKRZHUHDERXWWR
VHOOKLPDGLDPRQGWKDWVHHPHGWRKDYHFRPHIURPWKHFDVNHW
RIDSULQFHC5HODWH\RXUVWRU\PDGDPH
VDLGKHZLVKLQJ
QRGRXEWWRSURILWE\WKHDEVHQFHRIWKHKXVEDQGVRWKDW
WKHODWWHUFRXOGQRWLQIOXHQFHWKHZLIH
VVWRU\WRVHHLI
WKHWZRUHFLWDOVWDOOLHG
C2K
UHWXUQHGVKHCLWZDVDJLIWRIKHDYHQ0\KXVEDQG
ZDVDJUHDWIULHQGLQRURIDVDLORUQDPHG
(GPRQG'DQWHV7KLVSRRUIHOORZZKRP&DGHURXVVHKDG
IRUJRWWHQKDGQRWIRUJRWWHQKLPDQGDWKLVGHDWKKH
EHTXHDWKHGWKLVGLDPRQGWRKLP
C%XWKRZGLGKHREWDLQ

565

LW"
DVNHGWKHMHZHOOHUCKDGKHLWEHIRUHKHZDV
LPSULVRQHG"
C1RPRQVLHXUEXWLWDSSHDUVWKDWLQSULVRQ
KHPDGHWKHDFTXDLQWDQFHRIDULFK(QJOLVKPDQDQGDVLQ
SULVRQKHIHOOVLFNDQG'DQWHVWRRNWKHVDPHFDUHRIKLPDV
LIKHKDGEHHQKLVEURWKHUWKH(QJOLVKPDQZKHQKHZDVVHW
IUHHJDYHWKLVVWRQHWR'DQWHVZKROHVVIRUWXQDWHGLHG
DQGLQKLVWXUQOHIWLWWRXVDQGFKDUJHGWKHH[FHOOHQW
DEEHZKRZDVKHUHWKLVPRUQLQJWRGHOLYHULW
C7KH
VDPHVWRU\
PXWWHUHGWKHMHZHOOHUCDQGLPSUREDEOHDVLW
VHHPHGDWILUVWLWPD\EHWUXH7KHUH
VRQO\WKHSULFHZH
DUHQRWDJUHHGDERXW
C+RZQRWDJUHHGDERXW"
VDLG
&DGHURXVVHC,WKRXJKWZHDJUHHGIRUWKHSULFH,DVNHG

C7KDWLV
UHSOLHGWKHMHZHOOHUC,RIIHUHGIUDQFV

C)RUW\WKRXVDQG
FULHG/D&DUFRQWHCZHZLOOQRWSDUW
ZLWKLWIRUWKDWVXP7KHDEEHWROGXVLWZDVZRUWK
ZLWKRXWWKHVHWWLQJ

C:KDWZDVWKHDEEH
VQDPH"
DVNHGWKHLQGHIDWLJDEOH
TXHVWLRQHUC7KH$EEH%XVRQL
VDLG/D&DUFRQWHC+H
ZDVDIRUHLJQHU"
C$Q,WDOLDQIURPWKHQHLJKERUKRRGRI
0DQWXD,EHOLHYH
C/HWPHVHHWKLVGLDPRQGDJDLQ

UHSOLHGWKHMHZHOOHUCWKHILUVWWLPH\RXDUHRIWHQPLVWDNHQ
DVWRWKHYDOXHRIDVWRQH
&DGHURXVVHWRRNIURPKLVSRFNHW
DVPDOOFDVHRIEODFNVKDJUHHQRSHQHGDQGJDYHLWWRWKH
MHZHOOHU$WWKHVLJKWRIWKHGLDPRQGZKLFKZDVDVODUJHDV
DKD]HOQXW/D&DUFRQWH
VH\HVVSDUNOHGZLWKFXSLGLW\
$QGZKDWGLG\RXWKLQNRIWKLVILQHVWRU\HDYHVGURSSHU"
VDLG0RQWH&ULVWRGLG\RXFUHGLWLW"
<HV\RXUH[FHOOHQF\,GLGQRWORRNRQ&DGHURXVVHDVDEDG
PDQDQG,WKRXJKWKLPLQFDSDEOHRIFRPPLWWLQJDFULPHRU
HYHQDWKHIW
7KDWGLGPRUHKRQRUWR\RXUKHDUWWKDQWR\RXUH[SHULHQFH
0%HUWXFFLR+DG\RXNQRZQWKLV(GPRQG'DQWHVRIZKRPWKH\
VSRNH"
1R\RXUH[FHOOHQF\,KDGQHYHUKHDUGRIKLPEHIRUHDQG
QHYHUEXWRQFHDIWHUZDUGVDQGWKDWZDVIURPWKH$EEH%XVRQL
KLPVHOIZKHQ,VDZKLPLQWKHSULVRQDW1LPHV
*RRQ

566

7KHMHZHOOHUWRRNWKHULQJDQGGUDZLQJIURPKLVSRFNHWD
SDLURIVWHHOSOLHUVDQGDVPDOOVHWRIFRSSHUVFDOHVKH
WRRNWKHVWRQHRXWRILWVVHWWLQJDQGZHLJKHGLWFDUHIXOO\
C,ZLOOJLYH\RX
VDLGKHCEXWQRWDVRXPRUH
EHVLGHVDVWKDWLVWKHH[DFWYDOXHRIWKHVWRQH,EURXJKW
MXVWWKDWVXPZLWKPH
C2KWKDW
VQRPDWWHU
UHSOLHG
&DGHURXVVHC,ZLOOJREDFNZLWK\RXWRIHWFKWKHRWKHU
IUDQFV
C1R
UHWXUQHGWKHMHZHOOHUJLYLQJEDFN
WKHGLDPRQGDQGWKHULQJWR&DGHURXVVHCQRLWLVZRUWK
QRPRUHDQG,DPVRUU\,RIIHUHGVRPXFKIRUWKHVWRQHKDV
DIODZLQLWZKLFK,KDGQRWVHHQ+RZHYHU,ZLOOQRWJR
EDFNRQP\ZRUGDQG,ZLOOJLYH
C$WOHDVW
UHSODFHWKHGLDPRQGLQWKHULQJ
VDLG/D&DUFRQWHVKDUSO\
C$KWUXH
UHSOLHGWKHMHZHOOHUDQGKHUHVHWWKHVWRQH
C1RPDWWHU
REVHUYHG&DGHURXVVHUHSODFLQJWKHER[LQ
KLVSRFNHWCVRPHRQHHOVHZLOOSXUFKDVHLW
C<HV

FRQWLQXHGWKHMHZHOOHUCEXWVRPHRQHHOVHZLOOQRWEHVR
HDV\DV,DPRUFRQWHQWKLPVHOIZLWKWKHVDPHVWRU\,WLV
QRWQDWXUDOWKDWDPDQOLNH\RXVKRXOGSRVVHVVVXFKD
GLDPRQG+HZLOOLQIRUPDJDLQVW\RX<RXZLOOKDYHWRILQG
WKH$EEH%XVRQLDQGDEEHVZKRJLYHGLDPRQGVZRUWKWZR
WKRXVDQGORXLVDUHUDUH7KHODZZRXOGVHL]HLWDQGSXW\RX
LQSULVRQLIDWWKHHQGRIWKUHHRUIRXUPRQWKV\RXDUHVHW
DWOLEHUW\WKHULQJZLOOEHORVWRUDIDOVHVWRQHZRUWK
WKUHHIUDQFVZLOOEHJLYHQ\RXLQVWHDGRIDGLDPRQGZRUWK
RUSHUKDSVIUDQFVIURPZKLFK\RXPXVWDOORZ
WKDWRQHUXQVFRQVLGHUDEOHULVNLQSXUFKDVLQJ
&DGHURXVVH
DQGKLVZLIHORRNHGHDJHUO\DWHDFKRWKHUC1R
VDLG
&DGHURXVVHCZHDUHQRWULFKHQRXJKWRORVHIUDQFV

C$V\RXSOHDVHP\GHDUVLU
VDLGWKHMHZHOOHUC,KDG
KRZHYHUDV\RXVHHEURXJKW\RXWKHPRQH\LQEULJKWFRLQ

$QGKHGUHZIURPKLVSRFNHWDKDQGIXORIJROGDQGKHOGLW
VSDUNOLQJEHIRUHWKHGD]]OHGH\HVRIWKHLQQNHHSHUDQGLQ
WKHRWKHUKDQGKHKHOGDSDFNHWRIEDQNQRWHV
7KHUHZDVHYLGHQWO\DVHYHUHVWUXJJOHLQWKHPLQGRI
&DGHURXVVHLWZDVSODLQWKDWWKHVPDOOVKDJUHHQFDVHZKLFK
KHWXUQHGRYHUDQGRYHULQKLVKDQGGLGQRWVHHPWRKLP
FRPPHQVXUDWHLQYDOXHWRWKHHQRUPRXVVXPZKLFKIDVFLQDWHG
KLVJD]H+HWXUQHGWRZDUGVKLVZLIHC:KDWGR\RXWKLQNRI
WKLV"
KHDVNHGLQDORZYRLFHC/HWKLPKDYHLWOHW
KLPKDYHLW
VKHVDLGC,IKHUHWXUQVWR%HDXFDLUHZLWKRXW
WKHGLDPRQGKHZLOOLQIRUPDJDLQVWXVDQGDVKHVD\VZKR
NQRZVLIZHVKDOOHYHUDJDLQVHHWKH$EEH%XVRQL"LQDOO

567

SUREDELOLW\ZHVKDOOQHYHUVHHKLP
C:HOOWKHQVR,
ZLOO
VDLG&DGHURXVVHCVR\RXPD\KDYHWKHGLDPRQGIRU
IUDQFV%XWP\ZLIHZDQWVDJROGFKDLQDQG,ZDQWD
SDLURIVLOYHUEXFNOHV
7KHMHZHOOHUGUHZIURPKLVSRFNHWD
ORQJIODWER[ZKLFKFRQWDLQHGVHYHUDOVDPSOHVRIWKH
DUWLFOHVGHPDQGHGC+HUH
KHVDLGC,DPYHU\
VWUDLJKWIRUZDUGLQP\GHDOLQJVWDNH\RXUFKRLFH
7KH
ZRPDQVHOHFWHGDJROGFKDLQZRUWKDERXWILYHORXLVDQGWKH
KXVEDQGDSDLURIEXFNOHVZRUWKSHUKDSVILIWHHQIUDQFV
C,KRSH\RXZLOOQRWFRPSODLQQRZ"
VDLGWKHMHZHOOHU
C7KHDEEHWROGPHLWZDVZRUWKIUDQFV
PXWWHUHG
&DGHURXVVHC&RPHFRPHJLYHLWWRPH:KDWDVWUDQJH
IHOORZ\RXDUH
VDLGWKHMHZHOOHUWDNLQJWKHGLDPRQGIURP
KLVKDQGC,JLYH\RXIUDQFVWKDWLVOLYUHV
RILQFRPHDIRUWXQHVXFKDV,ZLVK,KDGP\VHOIDQG\RX
DUHQRWVDWLVILHG
C$QGWKHILYHDQGIRUW\WKRXVDQG
IUDQFV
LQTXLUHG&DGHURXVVHLQDKRDUVHYRLFHCZKHUHDUH
WKH\"&RPHOHWXVVHHWKHP
C+HUHWKH\DUH
UHSOLHG
WKHMHZHOOHUDQGKHFRXQWHGRXWXSRQWKHWDEOH
IUDQFVLQJROGDQGIUDQFVLQEDQNQRWHV
C:DLWZKLOH,OLJKWWKHODPS
VDLG/D&DUFRQWHCLWLV
JURZLQJGDUNDQGWKHUHPD\EHVRPHPLVWDNH
,QIDFWQLJKW
KDGFRPHRQGXULQJWKLVFRQYHUVDWLRQDQGZLWKQLJKWWKH
VWRUPZKLFKKDGEHHQWKUHDWHQLQJIRUWKHODVWKDOIKRXU7KH
WKXQGHUJURZOHGLQWKHGLVWDQFHEXWLWZDVDSSDUHQWO\QRW
KHDUGE\WKHMHZHOOHU&DGHURXVVHRU/D&DUFRQWHDEVRUEHG
DVWKH\ZHUHDOOWKUHHZLWKWKHGHPRQRIJDLQ,P\VHOI
IHOWDVWUDQJHNLQGRIIDVFLQDWLRQDWWKHVLJKWRIDOOWKLV
JROGDQGDOOWKHVHEDQNQRWHVLWVHHPHGWRPHWKDW,ZDVLQ
DGUHDPDQGDVLWDOZD\VKDSSHQVLQDGUHDP,IHOWP\VHOI
ULYHWHGWRWKHVSRW&DGHURXVVHFRXQWHGDQGDJDLQFRXQWHG
WKHJROGDQGWKHQRWHVWKHQKDQGHGWKHPWRKLVZLIHZKR
FRXQWHGDQGFRXQWHGWKHPDJDLQLQKHUWXUQ'XULQJWKLV
WLPHWKHMHZHOOHUPDGHWKHGLDPRQGSOD\DQGVSDUNOHLQWKH
ODPSOLJKWDQGWKHJHPWKUHZRXWMHWVRIOLJKWZKLFKPDGH
KLPXQPLQGIXORIWKRVHZKLFKSUHFXUVRUVRIWKHVWRUP
EHJDQWRSOD\LQDWWKHZLQGRZVC:HOO
LQTXLUHGWKH
MHZHOOHUCLVWKHFDVKDOOULJKW"

C<HV
VDLG&DGHURXVVHC*LYHPHWKHSRFNHWERRN/D
&DUFRQWHDQGILQGDEDJVRPHZKHUH

568

/D&DUFRQWHZHQWWRDFXSERDUGDQGUHWXUQHGZLWKDQROG
OHDWKHUQSRFNHWERRNDQGDEDJ)URPWKHIRUPHUVKHWRRN
VRPHJUHDV\OHWWHUVDQGSXWLQWKHLUSODFHWKHEDQNQRWHV
DQGIURPWKHEDJWRRNWZRRUWKUHHFURZQVRIVL[OLYUHV
HDFKZKLFKLQDOOSUREDELOLW\IRUPHGWKHHQWLUHIRUWXQH
RIWKHPLVHUDEOHFRXSOHC7KHUH
VDLG&DGHURXVVHCDQGQRZ
DOWKRXJK\RXKDYHZURQJHGXVRISHUKDSVIUDQFVZLOO
\RXKDYH\RXUVXSSHUZLWKXV",LQYLWH\RXZLWKJRRGZLOO

C7KDQN\RX
UHSOLHGWKHMHZHOOHUCLWPXVWEHJHWWLQJ
ODWHDQG,PXVWUHWXUQWR%HDXFDLUHP\ZLIHZLOOEH
JHWWLQJXQHDV\
+HGUHZRXWKLVZDWFKDQGH[FODLPHG
C0RUEOHXQHDUO\QLQHR
FORFNZK\,VKDOOQRWJHWEDFN
WR%HDXFDLUHEHIRUHPLGQLJKW*RRGQLJKWP\IULHQGV,IWKH
$EEH%XVRQLVKRXOGE\DQ\DFFLGHQWUHWXUQWKLQNRIPH

C,QDQRWKHUZHHN\RXZLOOKDYHOHIW%HDXFDLUH
UHPDUNHG
&DGHURXVVHCIRUWKHIDLUHQGVLQDIHZGD\V
C7UXHEXW
WKDWPDNHVQRGLIIHUHQFH:ULWHWRPHDW3DULVWR0
-RDQQHVLQWKH3DODLV5R\DODUFDGH3LHUUH1R,ZLOO
PDNHWKHMRXUQH\RQSXUSRVHWRVHHKLPLILWLVZRUWK
ZKLOH
$WWKLVPRPHQWWKHUHZDVDWUHPHQGRXVFODSRI
WKXQGHUDFFRPSDQLHGE\DIODVKRIOLJKWQLQJVRYLYLGWKDW
LWTXLWHHFOLSVHGWKHOLJKWRIWKHODPS
C6HHKHUH
H[FODLPHG&DGHURXVVHC<RXFDQQRWWKLQNRI
JRLQJRXWLQVXFKZHDWKHUDVWKLV
C2K,DPQRWDIUDLG
RIWKXQGHU
VDLGWKHMHZHOOHUC$QGWKHQWKHUHDUH
UREEHUV
VDLG/D&DUFRQWHC7KHURDGLVQHYHUYHU\VDIH
GXULQJIDLUWLPH
C2KDVWRWKHUREEHUV
VDLG-RDQQHV
CKHUHLVVRPHWKLQJIRUWKHP
DQGKHGUHZIURPKLVSRFNHWD
SDLURIVPDOOSLVWROVORDGHGWRWKHPX]]OHC+HUH
VDLG
KHCDUHGRJVZKREDUNDQGELWHDWWKHVDPHWLPHWKH\DUH
IRUWKHWZRILUVWZKRVKDOOKDYHDORQJLQJIRU\RXUGLDPRQG
)ULHQG&DGHURXVVH

&DGHURXVVHDQGKLVZLIHDJDLQLQWHUFKDQJHGDPHDQLQJORRN
,WVHHPHGDVWKRXJKWKH\ZHUHERWKLQVSLUHGDWWKHVDPHWLPH
ZLWKVRPHKRUULEOHWKRXJKWC:HOOWKHQDJRRGMRXUQH\WR
\RX
VDLG&DGHURXVVHC7KDQNV
UHSOLHGWKHMHZHOOHU+H
WKHQWRRNKLVFDQHZKLFKKHKDGSODFHGDJDLQVWDQROG
FXSERDUGDQGZHQWRXW$WWKHPRPHQWZKHQKHRSHQHGWKH
GRRUVXFKDJXVWRIZLQGFDPHLQWKDWWKHODPSZDVQHDUO\
H[WLQJXLVKHGC2K
VDLGKHCWKLVLVYHU\QLFHZHDWKHUDQG
WZROHDJXHVWRJRLQVXFKDVWRUP
C5HPDLQ
VDLG
&DGHURXVVHC<RXFDQVOHHSKHUH
C<HVGRVWD\
DGGHG

569

/D&DUFRQWHLQDWUHPXORXVYRLFHCZHZLOOWDNHHYHU\FDUH
RI\RX
C1R,PXVWVOHHSDW%HDXFDLUH6RRQFHPRUH
JRRGQLJKW
&DGHURXVVHIROORZHGKLPVORZO\WRWKH
WKUHVKROGC,FDQVHHQHLWKHUKHDYHQQRUHDUWK
VDLGWKH
MHZHOOHUZKRZDVRXWVLGHWKHGRRUC'R,WXUQWRWKHULJKW
RUWRWKHOHIWKDQG"
C7RWKHULJKW
VDLG&DGHURXVVH
C<RXFDQQRWJRZURQJWKHURDGLVERUGHUHGE\WUHHVRQ
ERWKVLGHV
C*RRGDOOULJKW
VDLGDYRLFHDOPRVW
ORVWLQWKHGLVWDQFHC&ORVHWKHGRRU
VDLG/D&DUFRQWHC,
GRQRWOLNHRSHQGRRUVZKHQLWWKXQGHUV
C3DUWLFXODUO\
ZKHQWKHUHLVPRQH\LQWKHKRXVHHK"
DQVZHUHG&DGHURXVVH
GRXEOHORFNLQJWKHGRRU
+HFDPHLQWRWKHURRPZHQWWRWKHFXSERDUGWRRNRXWWKH
EDJDQGSRFNHWERRNDQGERWKEHJDQIRUWKHWKLUGWLPHWR
FRXQWWKHLUJROGDQGEDQNQRWHV,QHYHUVDZVXFKDQ
H[SUHVVLRQRIFXSLGLW\DVWKHIOLFNHULQJODPSUHYHDOHGLQ
WKRVHWZRFRXQWHQDQFHV7KHZRPDQHVSHFLDOO\ZDVKLGHRXV
KHUXVXDOIHYHULVKWUHPXORXVQHVVZDVLQWHQVLILHGKHU
FRXQWHQDQFHKDGEHFRPHOLYLGDQGKHUH\HVUHVHPEOHGEXUQLQJ
FRDOVC:K\
VKHLQTXLUHGLQDKRDUVHYRLFHCGLG\RX
LQYLWHKLPWRVOHHSKHUHWRQLJKW"
C:K\"
VDLG
&DGHURXVVHZLWKDVKXGGHUCZK\WKDWKHPLJKWQRWKDYHWKH
WURXEOHRIUHWXUQLQJWR%HDXFDLUH
C$K
UHVSRQGHGWKH
ZRPDQZLWKDQH[SUHVVLRQLPSRVVLEOHWRGHVFULEHC,WKRXJKW
LWZDVIRUVRPHWKLQJHOVH
C:RPDQZRPDQZK\GR\RX
KDYHVXFKLGHDV"
FULHG&DGHURXVVHCRULI\RXKDYHWKHP
ZK\GRQ
W\RXNHHSWKHPWR\RXUVHOI"
C:HOO
VDLG/D
&DUFRQWHDIWHUDPRPHQW
VSDXVHC\RXDUHQRWDPDQ

C:KDWGR\RXPHDQ"
DGGHG&DGHURXVVHC,I\RXKDGEHHQD
PDQ\RXZRXOGQRWKDYHOHWKLPJRIURPKHUH
C:RPDQ

C2UHOVHKHVKRXOGQRWKDYHUHDFKHG%HDXFDLUH

C:RPDQ
C7KHURDGWDNHVDWXUQKHLVREOLJHGWR
IROORZLWZKLOHDORQJVLGHRIWKHFDQDOWKHUHLVDVKRUWHU
URDG
C:RPDQ\RXRIIHQGWKHJRRG*RG7KHUH
OLVWHQ
$QGDWWKLVPRPHQWWKHUHZDVDWUHPHQGRXVSHDORI
WKXQGHUZKLOHWKHOLYLGOLJKWQLQJLOOXPLQHGWKHURRPDQG
WKHWKXQGHUUROOLQJDZD\LQWKHGLVWDQFHVHHPHGWR
ZLWKGUDZXQZLOOLQJO\IURPWKHFXUVHGDERGHC0HUF\
VDLG
&DGHURXVVHFURVVLQJKLPVHOI
$WWKHVDPHPRPHQWDQGLQWKHPLGVWRIWKHWHUULI\LQJ
VLOHQFHZKLFKXVXDOO\IROORZVDFODSRIWKXQGHUWKH\KHDUG
DNQRFNLQJDWWKHGRRU&DGHURXVVHDQGKLVZLIHVWDUWHGDQG

570

ORRNHGDJKDVWDWHDFKRWKHUC:KR
VWKHUH"
FULHG
&DGHURXVVHULVLQJDQGGUDZLQJXSLQDKHDSWKHJROGDQG
QRWHVVFDWWHUHGRYHUWKHWDEOHDQGZKLFKKHFRYHUHGZLWK
KLVWZRKDQGVC,WLV,
VKRXWHGDYRLFHC$QGZKR
DUH\RX"
C(KSDUGLHX-RDQQHVWKHMHZHOOHU
C:HOO
DQG\RXVDLG,RIIHQGHGWKHJRRG*RG
VDLG/D&DUFRQWHZLWK
DKRUULGVPLOHC:K\WKHJRRG*RGVHQGVKLPEDFNDJDLQ

&DGHURXVVHVDQNSDOHDQGEUHDWKOHVVLQWRKLVFKDLU/D
&DUFRQWHRQWKHFRQWUDU\URVHDQGJRLQJZLWKDILUPVWHS
WRZDUGVWKHGRRURSHQHGLWVD\LQJDVVKHGLGVRC&RPH
LQGHDU0-RDQQHV
C0DIRL
VDLGWKHMHZHOOHU
GUHQFKHGZLWKUDLQC,DPQRWGHVWLQHGWRUHWXUQWR
%HDXFDLUHWRQLJKW7KHVKRUWHVWIROOLHVDUHEHVWP\GHDU
&DGHURXVVH<RXRIIHUHGPHKRVSLWDOLW\DQG,DFFHSWLWDQG
KDYHUHWXUQHGWRVOHHSEHQHDWK\RXUIULHQGO\URRI

&DGHURXVVHVWDPPHUHGRXWVRPHWKLQJZKLOHKHZLSHGDZD\WKH
VZHDWWKDWVWDUWHGWRKLVEURZ/D&DUFRQWHGRXEOHGORFNHG
WKHGRRUEHKLQGWKHMHZHOOHU

&KDSWHU
7KH5DLQRI%ORRG
$VWKHMHZHOOHUUHWXUQHGWRWKHDSDUWPHQWKHFDVWDURXQG
KLPDVFUXWLQL]LQJJODQFHEXWWKHUHZDVQRWKLQJWRH[FLWH
VXVSLFLRQLILWGLGQRWH[LVWRUWRFRQILUPLWLILWZHUH
DOUHDG\DZDNHQHG&DGHURXVVH
VKDQGVVWLOOJUDVSHGWKHJROG
DQGEDQNQRWHVDQG/D&DUFRQWHFDOOHGXSKHUVZHHWHVW
VPLOHVZKLOHZHOFRPLQJWKHUHDSSHDUDQFHRIWKHLUJXHVW
C:HOOZHOO
VDLGWKHMHZHOOHUC\RXVHHPP\JRRGIULHQGV
WRKDYHKDGVRPHIHDUVUHVSHFWLQJWKHDFFXUDF\RI\RXU
PRQH\E\FRXQWLQJLWRYHUVRFDUHIXOO\GLUHFWO\,ZDV
JRQH
C2KQR
DQVZHUHG&DGHURXVVHCWKDWZDVQRWP\
UHDVRQ,FDQDVVXUH\RXEXWWKHFLUFXPVWDQFHVE\ZKLFKZH
KDYHEHFRPHSRVVHVVHGRIWKLVZHDOWKDUHVRXQH[SHFWHGDV
WRPDNHXVVFDUFHO\FUHGLWRXUJRRGIRUWXQHDQGLWLVRQO\
E\SODFLQJWKHDFWXDOSURRIRIRXUULFKHVEHIRUHRXUH\HV
WKDWZHFDQSHUVXDGHRXUVHOYHVWKDWWKHZKROHDIIDLULVQRW
DGUHDP
7KHMHZHOOHUVPLOHGC+DYH\RXDQ\RWKHUJXHVWV
LQ\RXUKRXVH"
LQTXLUHGKHC1RERG\EXWRXUVHOYHV

UHSOLHG&DGHURXVVHCWKHIDFWLVZHGRQRWORGJHWUDYHOOHUV
LQGHHGRXUWDYHUQLVVRQHDUWKHWRZQWKDWQRERG\ZRXOG
WKLQNRIVWRSSLQJKHUHC7KHQ,DPDIUDLG,VKDOOYHU\

571

PXFKLQFRQYHQLHQFH\RX
C,QFRQYHQLHQFHXV"1RWDWDOO
P\GHDUVLU
VDLG/D&DUFRQWHLQKHUPRVWJUDFLRXVPDQQHU
C1RWDWDOO,DVVXUH\RX
C%XWZKHUHZLOO\RXPDQDJHWR
VWRZPH"
C,QWKHFKDPEHURYHUKHDG
C6XUHO\WKDWLV
ZKHUH\RX\RXUVHOYHVVOHHS"
C1HYHUPLQGWKDWZHKDYHD
VHFRQGEHGLQWKHDGMRLQLQJURRP
&DGHURXVVHVWDUHGDWKLV
ZLIHZLWKPXFKDVWRQLVKPHQW
7KHMHZHOOHUPHDQZKLOHZDVKXPPLQJDVRQJDVKHVWRRG
ZDUPLQJKLVEDFNDWWKHILUH/D&DUFRQWHKDGNLQGOHGWRGU\
WKHZHWJDUPHQWVRIKHUJXHVWDQGWKLVGRQHVKHQH[W
RFFXSLHGKHUVHOILQDUUDQJLQJKLVVXSSHUE\VSUHDGLQJD
QDSNLQDWWKHHQGRIWKHWDEOHDQGSODFLQJRQLWWKH
VOHQGHUUHPDLQVRIWKHLUGLQQHUWRZKLFKVKHDGGHGWKUHHRU
IRXUIUHVKODLGHJJV&DGHURXVVHKDGRQFHPRUHSDUWHGZLWK
KLVWUHDVXUHWKHEDQNQRWHVZHUHUHSODFHGLQWKH
SRFNHWERRNWKHJROGSXWEDFNLQWRWKHEDJDQGWKHZKROH
FDUHIXOO\ORFNHGLQWKHFXSERDUG+HWKHQEHJDQSDFLQJWKH
URRPZLWKDSHQVLYHDQGJORRP\DLUJODQFLQJIURPWLPHWR
WLPHDWWKHMHZHOOHUZKRVWRRGUHHNLQJZLWKWKHVWHDPIURP
KLVZHWFORWKHVDQGPHUHO\FKDQJLQJKLVSODFHRQWKHZDUP
KHDUWKWRHQDEOHWKHZKROHRIKLVJDUPHQWVWREHGULHG
C7KHUH
VDLG/D&DUFRQWHDVVKHSODFHGDERWWOHRIZLQH
RQWKHWDEOHCVXSSHULVUHDG\ZKHQHYHU\RXDUH
C$QG
\RX"
DVNHG-RDQQHVC,GRQ
WZDQWDQ\VXSSHU
VDLG
&DGHURXVVHC:HGLQHGVRYHU\ODWH
KDVWLO\LQWHUSRVHG
/D&DUFRQWHC7KHQLWVHHPV,DPWRHDWDORQH
UHPDUNHG
WKHMHZHOOHUC2KZHVKDOOKDYHWKHSOHDVXUHRIZDLWLQJ
XSRQ\RX
DQVZHUHG/D&DUFRQWHZLWKDQHDJHUDWWHQWLRQVKH
ZDVQRWDFFXVWRPHGWRPDQLIHVWHYHQWRJXHVWVZKRSDLGIRU
ZKDWWKH\WRRN
)URPWLPHWRWLPH&DGHURXVVHGDUWHGRQKLVZLIHNHHQ
VHDUFKLQJJODQFHVEXWUDSLGDVWKHOLJKWQLQJIODVK7KH
VWRUPVWLOOFRQWLQXHGC7KHUHWKHUH
VDLG/D&DUFRQWHCGR
\RXKHDUWKDW"XSRQP\ZRUG\RXGLGZHOOWRFRPHEDFN

C1HYHUWKHOHVV
UHSOLHGWKHMHZHOOHUCLIE\WKHWLPH,KDYH
ILQLVKHGP\VXSSHUWKHWHPSHVWKDVDWDOODEDWHG,VKDOO
PDNHDQRWKHUVWDUW
C,W
VWKHPLVWUDO
VDLG&DGHURXVVH
CDQGLWZLOOEHVXUHWRODVWWLOOWRPRUURZPRUQLQJ
+H
VLJKHGKHDYLO\C:HOO
VDLGWKHMHZHOOHUDVKHSODFHG
KLPVHOIDWWDEOHCDOO,FDQVD\LVVRPXFKWKHZRUVHIRU
WKRVHZKRDUHDEURDG
C<HV
FKLPHGLQ/D&DUFRQWH

572

CWKH\ZLOOKDYHDZUHWFKHGQLJKWRILW

7KHMHZHOOHUEHJDQHDWLQJKLVVXSSHUDQGWKHZRPDQZKR
ZDVRUGLQDULO\VRTXHUXORXVDQGLQGLIIHUHQWWRDOOZKR
DSSURDFKHGKHUZDVVXGGHQO\WUDQVIRUPHGLQWRWKHPRVW
VPLOLQJDQGDWWHQWLYHKRVWHVV+DGWKHXQKDSS\PDQRQZKRP
VKHODYLVKHGKHUDVVLGXLWLHVEHHQSUHYLRXVO\DFTXDLQWHGZLWK
KHUVRVXGGHQDQDOWHUDWLRQPLJKWZHOOKDYHH[FLWHG
VXVSLFLRQLQKLVPLQGRUDWOHDVWKDYHJUHDWO\DVWRQLVKHG
KLP&DGHURXVVHPHDQZKLOHFRQWLQXHGWRSDFHWKHURRPLQ
JORRP\VLOHQFHVHGXORXVO\DYRLGLQJWKHVLJKWRIKLVJXHVW
EXWDVVRRQDVWKHVWUDQJHUKDGFRPSOHWHGKLVUHSDVWWKH
DJLWDWHGLQQNHHSHUZHQWHDJHUO\WRWKHGRRUDQGRSHQHGLW
C,EHOLHYHWKHVWRUPLVRYHU
VDLGKH%XWDVLIWR
FRQWUDGLFWKLVVWDWHPHQWDWWKDWLQVWDQWDYLROHQWFODSRI
WKXQGHUVHHPHGWRVKDNHWKHKRXVHWRLWVYHU\IRXQGDWLRQ
ZKLOHDVXGGHQJXVWRIZLQGPLQJOHGZLWKUDLQH[WLQJXLVKHG
WKHODPSKHKHOGLQKLVKDQG7UHPEOLQJDQGDZHVWUXFN
&DGHURXVVHKDVWLO\VKXWWKHGRRUDQGUHWXUQHGWRKLVJXHVW
ZKLOH/D&DUFRQWHOLJKWHGDFDQGOHE\WKHVPRXOGHULQJDVKHV
WKDWJOLPPHUHGRQWKHKHDUWKC<RXPXVWEHWLUHG
VDLGVKH
WRWKHMHZHOOHUC,KDYHVSUHDGDSDLURIZKLWHVKHHWVRQ
\RXUEHGJRXSZKHQ\RXDUHUHDG\DQGVOHHSZHOO

-RDQQHVVWD\HGIRUDZKLOHWRVHHZKHWKHUWKHVWRUPVHHPHG
WRDEDWHLQLWVIXU\EXWDEULHIVSDFHRIWLPHVXIILFHGWR
DVVXUHKLPWKDWLQVWHDGRIGLPLQLVKLQJWKHYLROHQFHRIWKH
UDLQDQGWKXQGHUPRPHQWDULO\LQFUHDVHGUHVLJQLQJKLPVHOI
WKHUHIRUHWRZKDWVHHPHGLQHYLWDEOHKHEDGHKLVKRVW
JRRGQLJKWDQGPRXQWHGWKHVWDLUV+HSDVVHGRYHUP\KHDG
DQG,KHDUGWKHIORRULQJFUHDNEHQHDWKKLVIRRWVWHSV7KH
TXLFNHDJHUJODQFHRI/D&DUFRQWHIROORZHGKLPDVKH
DVFHQGHGZKLOH&DGHURXVVHRQWKHFRQWUDU\WXUQHGKLV
EDFNDQGVHHPHGPRVWDQ[LRXVO\WRDYRLGHYHQJODQFLQJDW
KLP
$OOWKHVHFLUFXPVWDQFHVGLGQRWVWULNHPHDVSDLQIXOO\DW
WKHWLPHDVWKH\KDYHVLQFHGRQHLQIDFWDOOWKDWKDG
KDSSHQHG ZLWKWKHH[FHSWLRQRIWKHVWRU\RIWKHGLDPRQG
ZKLFKFHUWDLQO\GLGZHDUDQDLURILPSUREDELOLW\ DSSHDUHG
QDWXUDOHQRXJKDQGFDOOHGIRUQHLWKHUDSSUHKHQVLRQQRU
PLVWUXVWEXWZRUQRXWDV,ZDVZLWKIDWLJXHDQGIXOO\
SXUSRVLQJWRSURFHHGRQZDUGVGLUHFWO\WKHWHPSHVWDEDWHG,
GHWHUPLQHGWRREWDLQDIHZKRXUV
VOHHS2YHUKHDG,FRXOG

573

DFFXUDWHO\GLVWLQJXLVKHYHU\PRYHPHQWRIWKHMHZHOOHUZKR
DIWHUPDNLQJWKHEHVWDUUDQJHPHQWVLQKLVSRZHUIRUSDVVLQJ
DFRPIRUWDEOHQLJKWWKUHZKLPVHOIRQKLVEHGDQG,FRXOG
KHDULWFUHDNDQGJURDQEHQHDWKKLVZHLJKW,QVHQVLEO\P\
H\HOLGVJUHZKHDY\GHHSVOHHSVWROHRYHUPHDQGKDYLQJQR
VXVSLFLRQRIDQ\WKLQJZURQJ,VRXJKWQRWWRVKDNHLWRII,
ORRNHGLQWRWKHNLWFKHQRQFHPRUHDQGVDZ&DGHURXVVHVLWWLQJ
E\WKHVLGHRIDORQJWDEOHXSRQRQHRIWKHORZZRRGHQ
VWRROVZKLFKLQFRXQWU\SODFHVDUHIUHTXHQWO\XVHGLQVWHDG
RIFKDLUVKLVEDFNZDVWXUQHGWRZDUGVPHVRWKDW,FRXOG
QRWVHHWKHH[SUHVVLRQRIKLVFRXQWHQDQFHQHLWKHUVKRXOG
,KDYHEHHQDEOHWRGRVRKDGKHEHHQSODFHGGLIIHUHQWO\DV
KLVKHDGZDVEXULHGEHWZHHQKLVWZRKDQGV/D&DUFRQWH
FRQWLQXHGWRJD]HRQKLPIRUVRPHWLPHWKHQVKUXJJLQJKHU
VKRXOGHUVVKHWRRNKHUVHDWLPPHGLDWHO\RSSRVLWHWRKLP$W
WKLVPRPHQWWKHH[SLULQJHPEHUVWKUHZXSDIUHVKIODPHIURP
WKHNLQGOLQJRIDSLHFHRIZRRGWKDWOD\QHDUDQGDEULJKW
OLJKWIODVKHGRYHUWKHURRP/D&DUFRQWHVWLOONHSWKHUH\HV
IL[HGRQKHUKXVEDQGEXWDVKHPDGHQRVLJQRIFKDQJLQJKLV
SRVLWLRQVKHH[WHQGHGKHUKDUGERQ\KDQGDQGWRXFKHGKLP
RQWKHIRUHKHDG
&DGHURXVVHVKXGGHUHG7KHZRPDQ
VOLSVVHHPHGWRPRYHDV
WKRXJKVKHZHUHWDONLQJEXWEHFDXVHVKHPHUHO\VSRNHLQDQ
XQGHUWRQHRUP\VHQVHVZHUHGXOOHGE\VOHHS,GLGQRW
FDWFKDZRUGVKHXWWHUHG&RQIXVHGVLJKWVDQGVRXQGVVHHPHG
WRIORDWEHIRUHPHDQGJUDGXDOO\,IHOOLQWRDGHHSKHDY\
VOXPEHU+RZORQJ,KDGEHHQLQWKLVXQFRQVFLRXVVWDWH,
NQRZQRWZKHQ,ZDVVXGGHQO\DURXVHGE\WKHUHSRUWRID
SLVWROIROORZHGE\DIHDUIXOFU\:HDNDQGWRWWHULQJ
IRRWVWHSVUHVRXQGHGDFURVVWKHFKDPEHUDERYHPHDQGWKH
QH[WLQVWDQWDGXOOKHDY\ZHLJKWVHHPHGWRIDOOSRZHUOHVV
RQWKHVWDLUFDVH,KDGQRW\HWIXOO\UHFRYHUHG
FRQVFLRXVQHVVZKHQDJDLQ,KHDUGJURDQVPLQJOHGZLWK
KDOIVWLIOHGFULHVDVLIIURPSHUVRQVHQJDJHGLQDGHDGO\
VWUXJJOH$FU\PRUHSURORQJHGWKDQWKHRWKHUVDQGHQGLQJLQ
DVHULHVRIJURDQVHIIHFWXDOO\URXVHGPHIURPP\GURZV\
OHWKDUJ\+DVWLO\UDLVLQJP\VHOIRQRQHDUP,ORRNHG
DURXQGEXWDOOZDVGDUNDQGLWVHHPHGWRPHDVLIWKHUDLQ
PXVWKDYHSHQHWUDWHGWKURXJKWKHIORRULQJRIWKHURRPDERYH
IRUVRPHNLQGRIPRLVWXUHDSSHDUHGWRIDOOGURSE\GURS
XSRQP\IRUHKHDGDQGZKHQ,SDVVHGP\KDQGDFURVVP\EURZ
,IHOWWKDWLWZDVZHWDQGFODPP\

574

7RWKHIHDUIXOQRLVHVWKDWKDGDZDNHQHGPHKDGVXFFHHGHG
WKHPRVWSHUIHFWVLOHQFHXQEURNHQVDYHE\WKHIRRWVWHSV
RIDPDQZDONLQJDERXWLQWKHFKDPEHUDERYH7KHVWDLUFDVH
FUHDNHGKHGHVFHQGHGLQWRWKHURRPEHORZDSSURDFKHGWKH
ILUHDQGOLWDFDQGOH7KHPDQZDV&DGHURXVVHKHZDVSDOH
DQGKLVVKLUWZDVDOOEORRG+DYLQJREWDLQHGWKHOLJKWKH
KXUULHGXSVWDLUVDJDLQDQGRQFHPRUH,KHDUGKLVUDSLGDQG
XQHDV\IRRWVWHSV$PRPHQWODWHUKHFDPHGRZQDJDLQKROGLQJ
LQKLVKDQGWKHVPDOOVKDJUHHQFDVHZKLFKKHRSHQHGWR
DVVXUHKLPVHOILWFRQWDLQHGWKHGLDPRQGVHHPHGWR
KHVLWDWHDVWRZKLFKSRFNHWKHVKRXOGSXWLWLQWKHQDVLI
GLVVDWLVILHGZLWKWKHVHFXULW\RIHLWKHUSRFNHWKH
GHSRVLWHGLWLQKLVUHGKDQGNHUFKLHIZKLFKKHFDUHIXOO\
UROOHGURXQGKLVKHDG$IWHUWKLVKHWRRNIURPKLVFXSERDUG
WKHEDQNQRWHVDQGJROGKHKDGSXWWKHUHWKUXVWWKHRQH
LQWRWKHSRFNHWRIKLVWURXVHUVDQGWKHRWKHULQWRWKDWRI
KLVZDLVWFRDWKDVWLO\WLHGXSDVPDOOEXQGOHRIOLQHQDQG
UXVKLQJWRZDUGVWKHGRRUGLVDSSHDUHGLQWKHGDUNQHVVRIWKH
QLJKW
7KHQDOOEHFDPHFOHDUDQGPDQLIHVWWRPHDQG,UHSURDFKHG
P\VHOIZLWKZKDWKDGKDSSHQHGDVWKRXJK,P\VHOIKDGGRQH
WKHJXLOW\GHHG,IDQFLHGWKDW,VWLOOKHDUGIDLQWPRDQV
DQGLPDJLQLQJWKDWWKHXQIRUWXQDWHMHZHOOHUPLJKWQRWEH
TXLWHGHDG,GHWHUPLQHGWRJRWRKLVUHOLHIE\ZD\RI
DWRQLQJLQVRPHVOLJKWGHJUHHQRWIRUWKHFULPH,KDG
FRPPLWWHGEXWIRUWKDWZKLFK,KDGQRWHQGHDYRUHGWR
SUHYHQW)RUWKLVSXUSRVH,DSSOLHGDOOWKHVWUHQJWK,
SRVVHVVHGWRIRUFHDQHQWUDQFHIURPWKHFUDPSHGVSRWLQ
ZKLFK,OD\WRWKHDGMRLQLQJURRP7KHSRRUO\IDVWHQHG
ERDUGVZKLFKDORQHGLYLGHGPHIURPLW\LHOGHGWRP\HIIRUWV
DQG,IRXQGP\VHOILQWKHKRXVH+DVWLO\VQDWFKLQJXSWKH
OLJKWHGFDQGOH,KXUULHGWRWKHVWDLUFDVHDERXWPLGZD\D
ERG\ZDVO\LQJTXLWHDFURVVWKHVWDLUV,WZDVWKDWRI/D
&DUFRQWH7KHSLVWRO,KDGKHDUGKDGGRXEWOHVVEHHQILUHGDW
KHU7KHVKRWKDGIULJKWIXOO\ODFHUDWHGKHUWKURDWOHDYLQJ
WZRJDSLQJZRXQGVIURPZKLFKDVZHOODVWKHPRXWKWKH
EORRGZDVSRXULQJLQIORRGV6KHZDVVWRQHGHDG,VWURGH
SDVWKHUDQGDVFHQGHGWRWKHVOHHSLQJFKDPEHUZKLFK
SUHVHQWHGDQDSSHDUDQFHRIWKHZLOGHVWGLVRUGHU7KH
IXUQLWXUHKDGEHHQNQRFNHGRYHULQWKHGHDGO\VWUXJJOHWKDW
KDGWDNHQSODFHWKHUHDQGWKHVKHHWVWRZKLFKWKH
XQIRUWXQDWHMHZHOOHUKDGGRXEWOHVVFOXQJZHUHGUDJJHG
DFURVVWKHURRP7KHPXUGHUHGPDQOD\RQWKHIORRUKLVKHDG

575

OHDQLQJDJDLQVWWKHZDOODQGDERXWKLPZDVDSRRORIEORRG
ZKLFKSRXUHGIRUWKIURPWKUHHODUJHZRXQGVLQKLVEUHDVW
WKHUHZDVDIRXUWKJDVKLQZKLFKDORQJWDEOHNQLIHZDV
SOXQJHGXSWRWKHKDQGOH
,VWXPEOHGRYHUVRPHREMHFW,VWRRSHGWRH[DPLQHLWZDV
WKHVHFRQGSLVWROZKLFKKDGQRWJRQHRIISUREDEO\IURPWKH
SRZGHUEHLQJZHW,DSSURDFKHGWKHMHZHOOHUZKRZDVQRW
TXLWHGHDGDQGDWWKHVRXQGRIP\IRRWVWHSVDQGWKH
FUHDNLQJRIWKHIORRUKHRSHQHGKLVH\HVIL[HGWKHPRQPH
ZLWKDQDQ[LRXVDQGLQTXLULQJJD]HPRYHGKLVOLSVDVWKRXJK
WU\LQJWRVSHDNWKHQRYHUFRPHE\WKHHIIRUWIHOOEDFNDQG
H[SLUHG7KLVDSSDOOLQJVLJKWDOPRVWEHUHIWPHRIP\VHQVHV
DQGILQGLQJWKDW,FRXOGQRORQJHUEHRIVHUYLFHWRDQ\RQH
LQWKHKRXVHP\RQO\GHVLUHZDVWRIO\,UXVKHGWRZDUGV
WKHVWDLUFDVHFOXWFKLQJP\KDLUDQGXWWHULQJDJURDQRI
KRUURU8SRQUHDFKLQJWKHURRPEHORZ,IRXQGILYHRUVL[
FXVWRPKRXVHRIILFHUVDQGWZRRUWKUHHJHQGDUPHVDOO
KHDYLO\DUPHG7KH\WKUHZWKHPVHOYHVXSRQPH,PDGHQR
UHVLVWDQFH,ZDVQRORQJHUPDVWHURIP\VHQVHV:KHQ,
VWURYHWRVSHDNDIHZLQDUWLFXODWHVRXQGVDORQHHVFDSHGP\
OLSV
$V,QRWLFHGWKHVLJQLILFDQWPDQQHULQZKLFKWKHZKROH
SDUW\SRLQWHGWRP\EORRGVWDLQHGJDUPHQWV,LQYROXQWDULO\
VXUYH\HGP\VHOIDQGWKHQ,GLVFRYHUHGWKDWWKHWKLFNZDUP
GURSVWKDWKDGVREHGHZHGPHDV,OD\EHQHDWKWKHVWDLUFDVH
PXVWKDYHEHHQWKHEORRGRI/D&DUFRQWH,SRLQWHGWRWKH
VSRWZKHUH,KDGFRQFHDOHGP\VHOIC:KDWGRHVKHPHDQ"

DVNHGDJHQGDUPH2QHRIWKHRIILFHUVZHQWWRWKHSODFH,
GLUHFWHGC+HPHDQV
UHSOLHGWKHPDQXSRQKLVUHWXUQCWKDW
KHJRWLQWKDWZD\
DQGKHVKRZHGWKHKROH,KDGPDGHZKHQ
,EURNHWKURXJK
7KHQ,VDZWKDWWKH\WRRNPHIRUWKHDVVDVVLQ,UHFRYHUHG
IRUFHDQGHQHUJ\HQRXJKWRIUHHP\VHOIIURPWKHKDQGVRI
WKRVHZKRKHOGPHZKLOH,PDQDJHGWRVWDPPHUIRUWKC,
GLGQRWGRLW,QGHHGLQGHHG,GLGQRW
$FRXSOHRI
JHQGDUPHVKHOGWKHPX]]OHVRIWKHLUFDUELQHVDJDLQVWP\
EUHDVWC6WLUEXWDVWHS
VDLGWKH\CDQG\RXDUHDGHDG
PDQ
C:K\VKRXOG\RXWKUHDWHQPHZLWKGHDWK
FULHG,
CZKHQ,KDYHDOUHDG\GHFODUHGP\LQQRFHQFH"
C7XVK
WXVK
FULHGWKHPHQCNHHS\RXULQQRFHQWVWRULHVWRWHOOWR
WKHMXGJHDW1LPHV0HDQZKLOHFRPHDORQJZLWKXVDQGWKH

576

EHVWDGYLFHZHFDQJLYH\RXLVWRGRVRXQUHVLVWLQJO\

$ODVUHVLVWDQFHZDVIDUIURPP\WKRXJKWV,ZDVXWWHUO\
RYHUSRZHUHGE\VXUSULVHDQGWHUURUDQGZLWKRXWDZRUG,
VXIIHUHGP\VHOIWREHKDQGFXIIHGDQGWLHGWRDKRUVH
VWDLO
DQGWKXVWKH\WRRNPHWR1LPHV
,KDGEHHQWUDFNHGE\DFXVWRPVRIILFHUZKRKDGORVWVLJKW
RIPHQHDUWKHWDYHUQIHHOLQJFHUWDLQWKDW,LQWHQGHGWR
SDVVWKHQLJKWWKHUHKHKDGUHWXUQHGWRVXPPRQKLV
FRPUDGHVZKRMXVWDUULYHGLQWLPHWRKHDUWKHUHSRUWRIWKH
SLVWRODQGWRWDNHPHLQWKHPLGVWRIVXFKFLUFXPVWDQWLDO
SURRIVRIP\JXLOWDVUHQGHUHGDOOKRSHVRISURYLQJP\
LQQRFHQFHXWWHUO\IXWLOH2QHRQO\FKDQFHZDVOHIWPHWKDW
RIEHVHHFKLQJWKHPDJLVWUDWHEHIRUHZKRP,ZDVWDNHQWR
FDXVHHYHU\LQTXLU\WREHPDGHIRUWKH$EEH%XVRQLZKRKDG
VWRSSHGDWWKHLQQRIWKH3RQWGX*DUGRQWKDWPRUQLQJ,I
&DGHURXVVHKDGLQYHQWHGWKHVWRU\UHODWLYHWRWKHGLDPRQG
DQGWKHUHH[LVWHGQRVXFKSHUVRQDVWKH$EEH%XVRQLWKHQ
LQGHHG,ZDVORVWSDVWUHGHPSWLRQRUDWOHDVWP\OLIH
KXQJXSRQWKHIHHEOHFKDQFHRI&DGHURXVVHKLPVHOIEHLQJ
DSSUHKHQGHGDQGFRQIHVVLQJWKHZKROHWUXWK7ZRPRQWKV
SDVVHGDZD\LQKRSHOHVVH[SHFWDWLRQRQP\SDUWZKLOH,PXVW
GRWKHPDJLVWUDWHWKHMXVWLFHWRVD\WKDWKHXVHGHYHU\
PHDQVWRREWDLQLQIRUPDWLRQRIWKHSHUVRQ,GHFODUHGFRXOG
H[FXOSDWHPHLIKHZRXOG&DGHURXVVHVWLOOHYDGHGDOO
SXUVXLWDQG,KDGUHVLJQHGP\VHOIWRZKDWVHHPHGP\
LQHYLWDEOHIDWH0\WULDOZDVWRFRPHRQDWWKHDSSURDFKLQJ
DVVL]HVZKHQRQWKHWKRI6HSWHPEHUWKDWLVWRVD\
SUHFLVHO\WKUHHPRQWKVDQGILYHGD\VDIWHUWKHHYHQWVZKLFK
KDGSHULOOHGP\OLIHWKH$EEH%XVRQLZKRP,QHYHU
YHQWXUHGWREHOLHYH,VKRXOGVHHSUHVHQWHGKLPVHOIDWWKH
SULVRQGRRUVVD\LQJKHXQGHUVWRRGRQHRIWKHSULVRQHUV
ZLVKHGWRVSHDNWRKLPKHDGGHGWKDWKDYLQJOHDUQHGDW
0DUVHLOOHVWKHSDUWLFXODUVRIP\LPSULVRQPHQWKHKDVWHQHG
WRFRPSO\ZLWKP\GHVLUH<RXPD\HDVLO\LPDJLQHZLWKZKDW
HDJHUQHVV,ZHOFRPHGKLPDQGKRZPLQXWHO\,UHODWHGWKH
ZKROHRIZKDW,KDGVHHQDQGKHDUG,IHOWVRPHGHJUHHRI
QHUYRXVQHVVDV,HQWHUHGXSRQWKHKLVWRU\RIWKHGLDPRQG
EXWWRP\LQH[SUHVVLEOHDVWRQLVKPHQWKHFRQILUPHGLWLQ
HYHU\SDUWLFXODUDQGWRP\HTXDOVXUSULVHKHVHHPHGWR
SODFHHQWLUHEHOLHILQDOO,VDLG$QGWKHQLWZDVWKDWZRQ
E\KLVPLOGFKDULW\VHHLQJWKDWKHZDVDFTXDLQWHGZLWKDOO
WKHKDELWVDQGFXVWRPVRIP\RZQFRXQWU\DQGFRQVLGHULQJ
DOVRWKDWSDUGRQIRUWKHRQO\FULPHRIZKLFK,ZDVUHDOO\

577

JXLOW\PLJKWFRPHZLWKDGRXEOHSRZHUIURPOLSVVR
EHQHYROHQWDQGNLQG,EHVRXJKWKLPWRUHFHLYHP\
FRQIHVVLRQXQGHUWKHVHDORIZKLFK,UHFRXQWHGWKH$XWHXLO
DIIDLULQDOOLWVGHWDLOVDVZHOODVHYHU\RWKHU
WUDQVDFWLRQRIP\OLIH7KDWZKLFK,KDGGRQHE\WKHLPSXOVH
RIP\EHVWIHHOLQJVSURGXFHGWKHVDPHHIIHFWDVWKRXJKLW
KDGEHHQWKHUHVXOWRIFDOFXODWLRQ0\YROXQWDU\FRQIHVVLRQ
RIWKHDVVDVVLQDWLRQDW$XWHXLOSURYHGWRKLPWKDW,KDGQRW
FRPPLWWHGWKDWRIZKLFK,VWRRGDFFXVHG:KHQKHTXLWWHGPH
KHEDGHPHEHRIJRRGFRXUDJHDQGWRUHO\XSRQKLVGRLQJ
DOOLQKLVSRZHUWRFRQYLQFHP\MXGJHVRIP\LQQRFHQFH
,KDGVSHHG\SURRIVWKDWWKHH[FHOOHQWDEEHZDVHQJDJHGLQ
P\EHKDOIIRUWKHULJRUVRIP\LPSULVRQPHQWZHUHDOOHYLDWHG
E\PDQ\WULIOLQJWKRXJKDFFHSWDEOHLQGXOJHQFHVDQG,ZDV
WROGWKDWP\WULDOZDVWREHSRVWSRQHGWRWKHDVVL]HV
IROORZLQJWKRVHQRZEHLQJKHOG,QWKHLQWHULPLWSOHDVHG
SURYLGHQFHWRFDXVHWKHDSSUHKHQVLRQRI&DGHURXVVHZKRZDV
GLVFRYHUHGLQVRPHGLVWDQWFRXQWU\DQGEURXJKWEDFNWR
)UDQFHZKHUHKHPDGHDIXOOFRQIHVVLRQUHIXVLQJWRPDNH
WKHIDFWRIKLVZLIH
VKDYLQJVXJJHVWHGDQGDUUDQJHGWKH
PXUGHUDQ\H[FXVHIRUKLVRZQJXLOW7KHZUHWFKHGPDQZDV
VHQWHQFHGWRWKHJDOOH\VIRUOLIHDQG,ZDVLPPHGLDWHO\VHW
DWOLEHUW\
$QGWKHQLWZDV,SUHVXPHVDLG0RQWH&ULVWRWKDW\RX
FDPHWRPHDVWKHEHDUHURIDOHWWHUIURPWKH$EEH%XVRQL"
,WZDV\RXUH[FHOOHQF\WKHEHQHYROHQWDEEHWRRNDQ
HYLGHQWLQWHUHVWLQDOOWKDWFRQFHUQHGPH
C<RXUPRGHRIOLIHDVDVPXJJOHU
VDLGKHWRPHRQHGD\
CZLOOEHWKHUXLQRI\RXLI\RXJHWRXWGRQ
WWDNHLWXS
DJDLQ
C%XWKRZ
LQTXLUHG,CDP,WRPDLQWDLQP\VHOI
DQGP\SRRUVLVWHU"

C$SHUVRQZKRVHFRQIHVVRU,DP
UHSOLHGKHCDQGZKR
HQWHUWDLQVDKLJKUHJDUGIRUPHDSSOLHGWRPHDVKRUWWLPH
VLQFHWRSURFXUHKLPDFRQILGHQWLDOVHUYDQW:RXOG\RXOLNH
VXFKDSRVW",IVR,ZLOOJLYH\RXDOHWWHURILQWURGXFWLRQ
WRKLP
C2KIDWKHU
,H[FODLPHGC\RXDUHYHU\JRRG

C%XW\RXPXVWVZHDUVROHPQO\WKDW,VKDOOQHYHUKDYHUHDVRQ
WRUHSHQWP\UHFRPPHQGDWLRQ
,H[WHQGHGP\KDQGDQGZDV

578

DERXWWRSOHGJHP\VHOIE\DQ\SURPLVHKHZRXOGGLFWDWHEXW
KHVWRSSHGPHC,WLVXQQHFHVVDU\IRU\RXWRELQG\RXUVHOI
E\DQ\YRZ
VDLGKHC,NQRZDQGDGPLUHWKH&RUVLFDQQDWXUH
WRRZHOOWRIHDU\RX+HUHWDNHWKLV
FRQWLQXHGKHDIWHU
UDSLGO\ZULWLQJWKHIHZOLQHV,EURXJKWWR\RXUH[FHOOHQF\
DQGXSRQUHFHLSWRIZKLFK\RXGHLJQHGWRUHFHLYHPHLQWR
\RXUVHUYLFHDQGSURXGO\,DVNZKHWKHU\RXUH[FHOOHQF\KDV
HYHUKDGFDXVHWRUHSHQWKDYLQJGRQHVR"
1RUHSOLHGWKHFRXQW,WDNHSOHDVXUHLQVD\LQJWKDW\RX
KDYHVHUYHGPHIDLWKIXOO\%HUWXFFLREXW\RXPLJKWKDYH
VKRZQPRUHFRQILGHQFHLQPH
,\RXUH[FHOOHQF\"
<HV\RX+RZFRPHVLWWKDWKDYLQJERWKDVLVWHUDQGDQ
DGRSWHGVRQ\RXKDYHQHYHUVSRNHQWRPHRIHLWKHU"
$ODV,KDYHVWLOOWRUHFRXQWWKHPRVWGLVWUHVVLQJSHULRG
RIP\OLIH$Q[LRXVDV\RXPD\VXSSRVH,ZDVWREHKROGDQG
FRPIRUWP\GHDUVLVWHU,ORVWQRWLPHLQKDVWHQLQJWR
&RUVLFDEXWZKHQ,DUULYHGDW5RJOLDQR,IRXQGDKRXVHRI
PRXUQLQJWKHFRQVHTXHQFHVRIDVFHQHVRKRUULEOHWKDWWKH
QHLJKERUVUHPHPEHUDQGVSHDNRILWWRWKLVGD\$FWLQJE\P\
DGYLFHP\SRRUVLVWHUKDGUHIXVHGWRFRPSO\ZLWKWKH
XQUHDVRQDEOHGHPDQGVRI%HQHGHWWRZKRZDVFRQWLQXDOO\
WRUPHQWLQJKHUIRUPRQH\DVORQJDVKHEHOLHYHGWKHUHZDVD
VRXOHIWLQKHUSRVVHVVLRQ2QHPRUQLQJWKDWKHKDGGHPDQGHG
PRQH\WKUHDWHQLQJKHUZLWKWKHVHYHUHVWFRQVHTXHQFHVLIVKH
GLGQRWVXSSO\KLPZLWKZKDWKHGHVLUHGKHGLVDSSHDUHGDQG
UHPDLQHGDZD\DOOGD\OHDYLQJWKHNLQGKHDUWHG$VVXQWDZKR
ORYHGKLPDVLIKHZHUHKHURZQFKLOGWRZHHSRYHUKLV
FRQGXFWDQGEHZDLOKLVDEVHQFH(YHQLQJFDPHDQGVWLOO
ZLWKDOOWKHSDWLHQWVROLFLWXGHRIDPRWKHUVKHZDWFKHGIRU
KLVUHWXUQ
$VWKHHOHYHQWKKRXUVWUXFNKHHQWHUHGZLWKDVZDJJHULQJ
DLUDWWHQGHGE\WZRRIWKHPRVWGLVVROXWHDQGUHFNOHVVRI
KLVERRQFRPSDQLRQV6KHVWUHWFKHGRXWKHUDUPVWRKLPEXW
WKH\VHL]HGKROGRIKHUDQGRQHRIWKHWKUHHQRQHRWKHU
WKDQWKHDFFXUVHG%HQHGHWWRH[FODLPHGC3XWKHUWR
WRUWXUHDQGVKH
OOVRRQWHOOXVZKHUHKHUPRQH\LV

,WXQIRUWXQDWHO\KDSSHQHGWKDWRXUQHLJKERU9DVLOLRZDV

579

DW%DVWLDOHDYLQJQRSHUVRQLQKLVKRXVHEXWKLVZLIHQR
KXPDQFUHDWXUHEHVLGHFRXOGKHDURUVHHDQ\WKLQJWKDWWRRN
SODFHZLWKLQRXUGZHOOLQJ7ZRKHOGSRRU$VVXQWDZKR
XQDEOHWRFRQFHLYHWKDWDQ\KDUPZDVLQWHQGHGWRKHUVPLOHG
LQWKHIDFHRIWKRVHZKRZHUHVRRQWREHFRPHKHU
H[HFXWLRQHUV7KHWKLUGSURFHHGHGWREDUULFDGHWKHGRRUVDQG
ZLQGRZVWKHQUHWXUQHGDQGWKHWKUHHXQLWHGLQVWLIOLQJWKH
FULHVRIWHUURULQFLWHGE\WKHVLJKWRIWKHVHSUHSDUDWLRQV
DQGWKHQGUDJJHG$VVXQWDIHHWIRUHPRVWWRZDUGVWKHEUD]LHU
H[SHFWLQJWRZULQJIURPKHUDQDYRZDORIZKHUHKHUVXSSRVHG
WUHDVXUHZDVVHFUHWHG,QWKHVWUXJJOHKHUFORWKHVFDXJKW
ILUHDQGWKH\ZHUHREOLJHGWROHWJRWKHLUKROGLQRUGHUWR
SUHVHUYHWKHPVHOYHVIURPVKDULQJWKHVDPHIDWH&RYHUHGZLWK
IODPHV$VVXQWDUXVKHGZLOGO\WRWKHGRRUEXWLWZDV
IDVWHQHGVKHIOHZWRWKHZLQGRZVEXWWKH\ZHUHDOVR
VHFXUHGWKHQWKHQHLJKERUVKHDUGIULJKWIXOVKULHNVLWZDV
$VVXQWDFDOOLQJIRUKHOS7KHFULHVGLHGDZD\LQJURDQVDQG
QH[WPRUQLQJDVVRRQDV9DVLOLR
VZLIHFRXOGPXVWHUXS
FRXUDJHWRYHQWXUHDEURDGVKHFDXVHGWKHGRRURIRXU
GZHOOLQJWREHRSHQHGE\WKHSXEOLFDXWKRULWLHVZKHQ
$VVXQWDDOWKRXJKGUHDGIXOO\EXUQWZDVIRXQGVWLOO
EUHDWKLQJHYHU\GUDZHUDQGFORVHWLQWKHKRXVHKDGEHHQ
IRUFHGRSHQDQGWKHPRQH\VWROHQ%HQHGHWWRQHYHUDJDLQ
DSSHDUHGDW5RJOLDQRQHLWKHUKDYH,VLQFHWKDWGD\HLWKHU
VHHQRUKHDUGDQ\WKLQJFRQFHUQLQJKLP
,WZDVVXEVHTXHQWO\WRWKHVHGUHDGIXOHYHQWVWKDW,ZDLWHG
RQ\RXUH[FHOOHQF\WRZKRPLWZRXOGKDYHEHHQIROO\WRKDYH
PHQWLRQHG%HQHGHWWRVLQFHDOOWUDFHRIKLPVHHPHGHQWLUHO\
ORVWRURIP\VLVWHUVLQFHVKHZDVGHDG
$QGLQZKDWOLJKWGLG\RXYLHZWKHRFFXUUHQFH"LQTXLUHG
0RQWH&ULVWR
$VDSXQLVKPHQWIRUWKHFULPH,KDGFRPPLWWHGDQVZHUHG
%HUWXFFLR2KWKRVH9LOOHIRUWVDUHDQDFFXUVHGUDFH
7UXO\WKH\DUHPXUPXUHGWKHFRXQWLQDOXJXEULRXVWRQH
$QGQRZUHVXPHG%HUWXFFLR\RXUH[FHOOHQF\PD\SHUKDSV
EHDEOHWRFRPSUHKHQGWKDWWKLVSODFHZKLFK,UHYLVLWIRU
WKHILUVWWLPHWKLVJDUGHQWKHDFWXDOVFHQHRIP\FULPH
PXVWKDYHJLYHQULVHWRUHIOHFWLRQVRIQRYHU\DJUHHDEOH
QDWXUHDQGSURGXFHGWKDWJORRPDQGGHSUHVVLRQRIVSLULWV

580

ZKLFKH[FLWHGWKHQRWLFHRI\RXUH[FHOOHQF\ZKRZDVSOHDVHG
WRH[SUHVVDGHVLUHWRNQRZWKHFDXVH$WWKLVLQVWDQWD
VKXGGHUSDVVHVRYHUPHDV,UHIOHFWWKDWSRVVLEO\,DPQRZ
VWDQGLQJRQWKHYHU\JUDYHLQZKLFKOLHV0GH9LOOHIRUWE\
ZKRVHKDQGWKHJURXQGZDVGXJWRUHFHLYHWKHFRUSVHRIKLV
FKLOG
(YHU\WKLQJLVSRVVLEOHVDLG0RQWH&ULVWRULVLQJIURPWKH
EHQFKRQZKLFKKHKDGEHHQVLWWLQJHYHQKHDGGHGLQDQ
LQDXGLEOHYRLFHHYHQWKDWWKHSURFXUHXUEHQRWGHDG7KH
$EEH%XVRQLGLGULJKWWRVHQG\RXWRPHKHZHQWRQLQKLV
RUGLQDU\WRQHDQG\RXKDYHGRQHZHOOLQUHODWLQJWRPHWKH
ZKROHRI\RXUKLVWRU\DVLWZLOOSUHYHQWP\IRUPLQJDQ\
HUURQHRXVRSLQLRQVFRQFHUQLQJ\RXLQIXWXUH$VIRUWKDW
%HQHGHWWRZKRVRJURVVO\EHOLHGKLVQDPHKDYH\RXQHYHU
PDGHDQ\HIIRUWWRWUDFHRXWZKLWKHUKHKDVJRQHRUZKDW
KDVEHFRPHRIKLP"
1RIDUIURPZLVKLQJWROHDUQZKLWKHUKHKDVEHWDNHQ
KLPVHOI,VKRXOGVKXQWKHSRVVLELOLW\RIPHHWLQJKLPDV,
ZRXOGDZLOGEHDVW7KDQN*RG,KDYHQHYHUKHDUGKLVQDPH
PHQWLRQHGE\DQ\SHUVRQDQG,KRSHDQGEHOLHYHKHLVGHDG
'RQRWWKLQNVR%HUWXFFLRUHSOLHGWKHFRXQWIRUWKH
ZLFNHGDUHQRWVRHDVLO\GLVSRVHGRIIRU*RGVHHPVWRKDYH
WKHPXQGHUKLVVSHFLDOZDWFKFDUHWRPDNHRIWKHP
LQVWUXPHQWVRIKLVYHQJHDQFH
6REHLWUHVSRQGHG%HUWXFFLRDOO,DVNRIKHDYHQLV
WKDW,PD\QHYHUVHHKLPDJDLQ$QGQRZ\RXUH[FHOOHQF\
KHDGGHGERZLQJKLVKHDG\RXNQRZHYHU\WKLQJ\RXDUH
P\MXGJHRQHDUWKDVWKH$OPLJKW\LVLQKHDYHQKDYH\RX
IRUPHQRZRUGVRIFRQVRODWLRQ"
0\JRRGIULHQG,FDQRQO\UHSHDWWKHZRUGVDGGUHVVHGWR
\RXE\WKH$EEH%XVRQL9LOOHIRUWPHULWHGSXQLVKPHQWIRU
ZKDWKHKDGGRQHWR\RXDQGSHUKDSVWRRWKHUV%HQHGHWWR
LIVWLOOOLYLQJZLOOEHFRPHWKHLQVWUXPHQWRIGLYLQH
UHWULEXWLRQLQVRPHZD\RURWKHUDQGWKHQEHGXO\SXQLVKHG
LQKLVWXUQ$VIDUDV\RX\RXUVHOIDUHFRQFHUQHG,VHHEXW
RQHSRLQWLQZKLFK\RXDUHUHDOO\JXLOW\$VN\RXUVHOI
ZKHUHIRUHDIWHUUHVFXLQJWKHLQIDQWIURPLWVOLYLQJJUDYH
\RXGLGQRWUHVWRUHLWWRLWVPRWKHU"7KHUHZDVWKHFULPH
%HUWXFFLRWKDWZDVZKHUH\RXEHFDPHUHDOO\FXOSDEOH

581

7UXHH[FHOOHQF\WKDWZDVWKHFULPHWKHUHDOFULPHIRU
LQWKDW,DFWHGOLNHDFRZDUG0\ILUVWGXW\GLUHFWO\,KDG
VXFFHHGHGLQUHFDOOLQJWKHEDEHWROLIHZDVWRUHVWRUHLW
WRLWVPRWKHUEXWLQRUGHUWRGRVR,PXVWKDYHPDGH
FORVHDQGFDUHIXOLQTXLU\ZKLFKZRXOGLQDOOSUREDELOLW\
KDYHOHGWRP\RZQDSSUHKHQVLRQDQG,FOXQJWROLIHSDUWO\
RQP\VLVWHU
VDFFRXQWDQGSDUWO\IURPWKDWIHHOLQJRI
SULGHLQERUQLQRXUKHDUWVRIGHVLULQJWRFRPHRIIXQWRXFKHG
DQGYLFWRULRXVLQWKHH[HFXWLRQRIRXUYHQJHDQFH3HUKDSV
WRRWKHQDWXUDODQGLQVWLQFWLYHORYHRIOLIHPDGHPHZLVK
WRDYRLGHQGDQJHULQJP\RZQ$QGWKHQDJDLQ,DPQRWDV
EUDYHDQGFRXUDJHRXVDVZDVP\SRRUEURWKHU%HUWXFFLRKLG
KLVIDFHLQKLVKDQGVDVKHXWWHUHGWKHVHZRUGVZKLOH0RQWH
&ULVWRIL[HGRQKLPDORRNRILQVFUXWDEOHPHDQLQJ$IWHUD
EULHIVLOHQFHUHQGHUHGVWLOOPRUHVROHPQE\WKHWLPHDQG
SODFHWKHFRXQWVDLGLQDWRQHRIPHODQFKRO\ZKROO\XQOLNH
KLVXVXDOPDQQHU,QRUGHUWREULQJWKLVFRQYHUVDWLRQWRD
ILWWLQJWHUPLQDWLRQ WKHODVWZHVKDOOHYHUKROGXSRQWKLV
VXEMHFW ,ZLOOUHSHDWWR\RXVRPHZRUGV,KDYHKHDUGIURP
WKHOLSVRIWKH$EEH%XVRQL)RUDOOHYLOVWKHUHDUHWZR
UHPHGLHVWLPHDQGVLOHQFH$QGQRZOHDYHPH0RQVLHXU
%HUWXFFLRWRZDONDORQHKHUHLQWKHJDUGHQ7KHYHU\
FLUFXPVWDQFHVZKLFKLQIOLFWRQ\RXDVDSULQFLSDOLQWKH
WUDJLFVFHQHHQDFWHGKHUHVXFKSDLQIXOHPRWLRQVDUHWRPH
RQWKHFRQWUDU\DVRXUFHRIVRPHWKLQJOLNHFRQWHQWPHQWDQG
VHUYHEXWWRHQKDQFHWKHYDOXHRIWKLVGZHOOLQJLQP\
HVWLPDWLRQ7KHFKLHIEHDXW\RIWUHHVFRQVLVWVLQWKHGHHS
VKDGRZRIWKHLUXPEUDJHRXVERXJKVZKLOHIDQF\SLFWXUHVD
PRYLQJPXOWLWXGHRIVKDSHVDQGIRUPVIOLWWLQJDQGSDVVLQJ
EHQHDWKWKDWVKDGH+HUH,KDYHDJDUGHQODLGRXWLQVXFKD
ZD\DVWRDIIRUGWKHIXOOHVWVFRSHIRUWKHLPDJLQDWLRQDQG
IXUQLVKHGZLWKWKLFNO\JURZQWUHHVEHQHDWKZKRVHOHDI\
VFUHHQDYLVLRQDU\OLNHP\VHOIPD\FRQMXUHXSSKDQWRPVDW
ZLOO7KLVWRPHZKRH[SHFWHGEXWWRILQGDEODQNHQFORVXUH
VXUURXQGHGE\DVWUDLJKWZDOOLV,DVVXUH\RXDPRVW
DJUHHDEOHVXUSULVH,KDYHQRIHDURIJKRVWVDQG,KDYH
QHYHUKHDUGLWVDLGWKDWVRPXFKKDUPKDGEHHQGRQHE\WKH
GHDGGXULQJVL[WKRXVDQG\HDUVDVLVZURXJKWE\WKHOLYLQJ
LQDVLQJOHGD\5HWLUHZLWKLQ%HUWXFFLRDQGWUDQTXLOOL]H
\RXUPLQG6KRXOG\RXUFRQIHVVRUEHOHVVLQGXOJHQWWR\RXLQ
\RXUG\LQJPRPHQWVWKDQ\RXIRXQGWKH$EEH%XVRQLVHQGIRU
PHLI,DPVWLOORQHDUWKDQG,ZLOOVRRWKH\RXUHDUVZLWK
ZRUGVWKDWVKDOOHIIHFWXDOO\FDOPDQGVRRWKH\RXUSDUWLQJ

582

VRXOHUHLWJRHVIRUWKWRWUDYHUVHWKHRFHDQFDOOHG
HWHUQLW\
%HUWXFFLRERZHGUHVSHFWIXOO\DQGWXUQHGDZD\VLJKLQJ
KHDYLO\0RQWH&ULVWROHIWDORQHWRRNWKUHHRUIRXUVWHSV
RQZDUGVDQGPXUPXUHG+HUHEHQHDWKWKLVSODQHWUHHPXVW
KDYHEHHQZKHUHWKHLQIDQW
VJUDYHZDVGXJ7KHUHLVWKH
OLWWOHGRRURSHQLQJLQWRWKHJDUGHQ$WWKLVFRUQHULVWKH
SULYDWHVWDLUFDVHFRPPXQLFDWLQJZLWKWKHVOHHSLQJDSDUWPHQW
7KHUHZLOOEHQRQHFHVVLW\IRUPHWRPDNHDQRWHRIWKHVH
SDUWLFXODUVIRUWKHUHEHIRUHP\H\HVEHQHDWKP\IHHWDOO
DURXQGPH,KDYHWKHSODQVNHWFKHGZLWKDOOWKHOLYLQJ
UHDOLW\RIWUXWK$IWHUPDNLQJWKHWRXURIWKHJDUGHQD
VHFRQGWLPHWKHFRXQWUHHQWHUHGKLVFDUULDJHZKLOH
%HUWXFFLRZKRSHUFHLYHGWKHWKRXJKWIXOH[SUHVVLRQRIKLV
PDVWHU
VIHDWXUHVWRRNKLVVHDWEHVLGHWKHGULYHUZLWKRXW
XWWHULQJDZRUG7KHFDUULDJHSURFHHGHGUDSLGO\WRZDUGV
3DULV
7KDWVDPHHYHQLQJXSRQUHDFKLQJKLVDERGHLQWKH&KDPSV
(O\VHHVWKH&RXQWRI0RQWH&ULVWRZHQWRYHUWKHZKROH
EXLOGLQJZLWKWKHDLURIRQHORQJDFTXDLQWHGZLWKHDFKQRRN
RUFRUQHU1RUDOWKRXJKSUHFHGLQJWKHSDUW\GLGKHRQFH
PLVWDNHRQHGRRUIRUDQRWKHURUFRPPLWWKHVPDOOHVWHUURU
ZKHQFKRRVLQJDQ\SDUWLFXODUFRUULGRURUVWDLUFDVHWR
FRQGXFWKLPWRDSODFHRUVXLWHRIURRPVKHGHVLUHGWR
YLVLW$OLZDVKLVSULQFLSDODWWHQGDQWGXULQJWKLVQRFWXUQDO
VXUYH\+DYLQJJLYHQYDULRXVRUGHUVWR%HUWXFFLRUHODWLYHWR
WKHLPSURYHPHQWVDQGDOWHUDWLRQVKHGHVLUHGWRPDNHLQWKH
KRXVHWKH&RXQWGUDZLQJRXWKLVZDWFKVDLGWRWKH
DWWHQWLYH1XELDQ,WLVKDOISDVWHOHYHQR
FORFN+DLGHH
ZLOOVRRQKHKHUH+DYHWKH)UHQFKDWWHQGDQWVEHHQVXPPRQHG
WRDZDLWKHUFRPLQJ"$OLH[WHQGHGKLVKDQGVWRZDUGVWKH
DSDUWPHQWVGHVWLQHGIRUWKHIDLU*UHHNZKLFKZHUHVR
HIIHFWXDOO\FRQFHDOHGE\PHDQVRIDWDSHVWULHGHQWUDQFH
WKDWLWZRXOGKDYHSX]]OHGWKHPRVWFXULRXVWRKDYHGLYLQHG
WKHLUH[LVWHQFH$OLKDYLQJSRLQWHGWRWKHDSDUWPHQWVKHOG
XSWKUHHILQJHUVRIKLVULJKWKDQGDQGWKHQSODFLQJLW
EHQHDWKKLVKHDGVKXWKLVH\HVDQGIHLJQHGWRVOHHS,
XQGHUVWDQGVDLG0RQWH&ULVWRZHOODFTXDLQWHGZLWK$OL
V
SDQWRPLPH\RXPHDQWRWHOOPHWKDWWKUHHIHPDOHDWWHQGDQWV
DZDLWWKHLUQHZPLVWUHVVLQKHUVOHHSLQJFKDPEHU$OLZLWK
FRQVLGHUDEOHDQLPDWLRQPDGHDVLJQLQWKHDIILUPDWLYH

583

0DGDPHZLOOEHWLUHGWRQLJKWFRQWLQXHG0RQWH&ULVWR
DQGZLOOQRGRXEWZLVKWRUHVW'HVLUHWKH)UHQFK
DWWHQGDQWVQRWWRZHDU\KHUZLWKTXHVWLRQVEXWPHUHO\WR
SD\WKHLUUHVSHFWIXOGXW\DQGUHWLUH<RXZLOODOVRVHHWKDW
WKH*UHHNVHUYDQWVKROGQRFRPPXQLFDWLRQZLWKWKRVHRIWKLV
FRXQWU\+HERZHG-XVWDWWKDWPRPHQWYRLFHVZHUHKHDUG
KDLOLQJWKHFRQFLHUJH7KHJDWHRSHQHGDFDUULDJHUROOHG
GRZQWKHDYHQXHDQGVWRSSHGDWWKHVWHSV7KHFRXQWKDVWLO\
GHVFHQGHGSUHVHQWHGKLPVHOIDWWKHDOUHDG\RSHQHGFDUULDJH
GRRUDQGKHOGRXWKLVKDQGWRD\RXQJZRPDQFRPSOHWHO\
HQYHORSHGLQDJUHHQVLONPDQWOHKHDYLO\HPEURLGHUHGZLWK
JROG6KHUDLVHGWKHKDQGH[WHQGHGWRZDUGVKHUWRKHUOLSV
DQGNLVVHGLWZLWKDPL[WXUHRIORYHDQGUHVSHFW6RPHIHZ
ZRUGVSDVVHGEHWZHHQWKHPLQWKDWVRQRURXVODQJXDJHLQZKLFK
+RPHUPDNHVKLVJRGVFRQYHUVH7KH\RXQJZRPDQVSRNHZLWKDQ
H[SUHVVLRQRIGHHSWHQGHUQHVVZKLOHWKHFRXQWUHSOLHGZLWK
DQDLURIJHQWOHJUDYLW\3UHFHGHGE\$OLZKRFDUULHGD
URVHFRORUHGIODPEHDXLQKLVKDQGWKHQHZFRPHUZKRZDVQR
RWKHUWKDQWKHORYHO\*UHHNZKRKDGEHHQ0RQWH&ULVWR
V
FRPSDQLRQLQ,WDO\ZDVFRQGXFWHGWRKHUDSDUWPHQWVZKLOH
WKHFRXQWUHWLUHGWRWKHSDYLOLRQUHVHUYHGIRUKLPVHOI,Q
DQRWKHUKRXUHYHU\OLJKWLQWKHKRXVHZDVH[WLQJXLVKHGDQG
LWPLJKWKDYHEHHQWKRXJKWWKDWDOOLWVLQPDWHVVOHSW

&KDSWHU
8QOLPLWHG&UHGLW
$ERXWWZRR
FORFNWKHIROORZLQJGD\DFDODVKGUDZQE\D
SDLURIPDJQLILFHQW(QJOLVKKRUVHVVWRSSHGDWWKHGRRURI
0RQWH&ULVWRDQGDSHUVRQGUHVVHGLQDEOXHFRDWZLWK
EXWWRQVRIDVLPLODUFRORUDZKLWHZDLVWFRDWRYHUZKLFK
ZDVGLVSOD\HGDPDVVLYHJROGFKDLQEURZQWURXVHUVDQGD
TXDQWLW\RIEODFNKDLUGHVFHQGLQJVRORZRYHUKLVH\HEURZV
DVWROHDYHLWGRXEWIXOZKHWKHULWZHUHQRWDUWLILFLDOVR
OLWWOHGLGLWVMHWW\JORVVLQHVVDVVLPLODWHZLWKWKHGHHS
ZULQNOHVVWDPSHGRQKLVIHDWXUHVDSHUVRQLQDZRUG
ZKRDOWKRXJKHYLGHQWO\SDVWILIW\GHVLUHGWREHWDNHQIRU
QRWPRUHWKDQIRUW\EHQWIRUZDUGVIURPWKHFDUULDJHGRRU
RQWKHSDQHOVRIZKLFKZHUHHPEOD]RQHGWKHDUPRULDOEHDULQJV
RIDEDURQDQGGLUHFWHGKLVJURRPWRLQTXLUHDWWKH
SRUWHU
VORGJHZKHWKHUWKH&RXQWRI0RQWH&ULVWRUHVLGHG
WKHUHDQGLIKHZHUHZLWKLQ:KLOHZDLWLQJWKHRFFXSDQWRI

584

WKHFDUULDJHVXUYH\HGWKHKRXVHWKHJDUGHQDVIDUDVKH
FRXOGGLVWLQJXLVKLWDQGWKHOLYHU\RIVHUYDQWVZKRSDVVHG
WRDQGIURZLWKDQDWWHQWLRQVRFORVHDVWREHVRPHZKDW
LPSHUWLQHQW+LVJODQFHZDVNHHQEXWVKRZHGFXQQLQJUDWKHU
WKDQLQWHOOLJHQFHKLVOLSVZHUHVWUDLJKWDQGVRWKLQWKDW
DVWKH\FORVHGWKH\ZHUHGUDZQLQRYHUWKHWHHWKKLV
FKHHNERQHVZHUHEURDGDQGSURMHFWLQJDQHYHUIDLOLQJSURRI
RIDXGDFLW\DQGFUDIWLQHVVZKLOHWKHIODWQHVVRIKLV
IRUHKHDGDQGWKHHQODUJHPHQWRIWKHEDFNRIKLVVNXOO
ZKLFKURVHPXFKKLJKHUWKDQKLVODUJHDQGFRDUVHO\VKDSHG
HDUVFRPELQHGWRIRUPDSK\VLRJQRP\DQ\WKLQJEXW
SUHSRVVHVVLQJVDYHLQWKHH\HVRIVXFKDVFRQVLGHUHGWKDW
WKHRZQHURIVRVSOHQGLGDQHTXLSDJHPXVWQHHGVEHDOOWKDW
ZDVDGPLUDEOHDQGHQYLDEOHPRUHHVSHFLDOO\ZKHQWKH\JD]HG
RQWKHHQRUPRXVGLDPRQGWKDWJOLWWHUHGLQKLVVKLUWDQGWKH
UHGULEERQWKDWGHSHQGHGIURPKLVEXWWRQKROH
7KHJURRPLQREHGLHQFHWRKLVRUGHUVWDSSHGDWWKHZLQGRZ
RIWKHSRUWHU
VORGJHVD\LQJ3UD\GRHVQRWWKH&RXQWRI
0RQWH&ULVWROLYHKHUH"
+LVH[FHOOHQF\GRHVUHVLGHKHUHUHSOLHGWKHFRQFLHUJH
EXWDGGHGKHJODQFLQJDQLQTXLULQJORRNDW$OL$OL
UHWXUQHGDVLJQLQWKHQHJDWLYH%XWZKDW"DVNHGWKH
JURRP
+LVH[FHOOHQF\GRHVQRWUHFHLYHYLVLWRUVWRGD\
7KHQKHUHLVP\PDVWHU
VFDUGWKH%DURQ'DQJODUV<RX
ZLOOWDNHLWWRWKHFRXQWDQGVD\WKDWDOWKRXJKLQKDVWH
WRDWWHQGWKH&KDPEHUP\PDVWHUFDPHRXWRIKLVZD\WRKDYH
WKHKRQRURIFDOOLQJXSRQKLP
,QHYHUVSHDNWRKLVH[FHOOHQF\UHSOLHGWKHFRQFLHUJH
WKHYDOHWGHFKDPEUHZLOOFDUU\\RXUPHVVDJH7KHJURRP
UHWXUQHGWRWKHFDUULDJH:HOO"DVNHG'DQJODUV7KHPDQ
VRPHZKDWFUHVWIDOOHQE\WKHUHEXNHKHKDGUHFHLYHG
UHSHDWHGZKDWWKHFRQFLHUJHKDGVDLG%OHVVPHPXUPXUHG
%DURQ'DQJODUVWKLVPXVWVXUHO\EHDSULQFHLQVWHDGRID
FRXQWE\WKHLUVW\OLQJKLPCH[FHOOHQF\
DQGRQO\YHQWXULQJ
WRDGGUHVVKLPE\WKHPHGLXPRIKLVYDOHWGHFKDPEUH
+RZHYHULWGRHVQRWVLJQLI\KHKDVDOHWWHURIFUHGLWRQ
PHVR,PXVWVHHKLPZKHQKHUHTXLUHVKLVPRQH\

585

7KHQWKURZLQJKLPVHOIEDFNLQKLVFDUULDJH'DQJODUVFDOOHG
RXWWRKLVFRDFKPDQLQDYRLFHWKDWPLJKWEHKHDUGDFURVV
WKHURDG7RWKH&KDPEHURI'HSXWLHV
$SSULVHGLQWLPHRIWKHYLVLWSDLGKLP0RQWH&ULVWRKDG
IURPEHKLQGWKHEOLQGVRIKLVSDYLOLRQDVPLQXWHO\REVHUYHG
WKHEDURQE\PHDQVRIDQH[FHOOHQWORUJQHWWHDV'DQJODUV
KLPVHOIKDGVFUXWLQL]HGWKHKRXVHJDUGHQDQGVHUYDQWV
7KDWIHOORZKDVDGHFLGHGO\EDGFRXQWHQDQFHVDLGWKH
FRXQWLQDWRQHRIGLVJXVWDVKHVKXWXSKLVJODVVLQWRLWV
LYRU\FDVH+RZFRPHVLWWKDWDOOGRQRWUHWUHDWLQ
DYHUVLRQDWVLJKWRIWKDWIODWUHFHGLQJVHUSHQWOLNH
IRUHKHDGURXQGYXOWXUHVKDSHGKHDGDQGVKDUSKRRNHGQRVH
OLNHWKHEHDNRIDEX]]DUG"$OLFULHGKHVWULNLQJDWWKH
VDPHWLPHRQWKHEUD]HQJRQJ$OLDSSHDUHG6XPPRQ
%HUWXFFLRVDLGWKHFRXQW$OPRVWLPPHGLDWHO\%HUWXFFLR
HQWHUHGWKHDSDUWPHQW'LG\RXUH[FHOOHQF\GHVLUHWRVHH
PH"LQTXLUHGKH,GLGUHSOLHGWKHFRXQW<RXQRGRXEW
REVHUYHGWKHKRUVHVVWDQGLQJDIHZPLQXWHVVLQFHDWWKH
GRRU"
&HUWDLQO\\RXUH[FHOOHQF\,QRWLFHGWKHPIRUWKHLU
UHPDUNDEOHEHDXW\
7KHQKRZFRPHVLWVDLG0RQWH&ULVWRZLWKDIURZQWKDW
ZKHQ,GHVLUHG\RXWRSXUFKDVHIRUPHWKHILQHVWSDLURI
KRUVHVWREHIRXQGLQ3DULVWKHUHLVDQRWKHUSDLUIXOO\DV
ILQHDVPLQHQRWLQP\VWDEOHV"$WWKHORRNRI
GLVSOHDVXUHDGGHGWRWKHDQJU\WRQHLQZKLFKWKHFRXQW
VSRNH$OLWXUQHGSDOHDQGKHOGGRZQKLVKHDG,WLVQRW
\RXUIDXOWP\JRRG$OLVDLGWKHFRXQWLQWKH$UDELF
ODQJXDJHDQGZLWKDJHQWOHQHVVQRQHZRXOGKDYHWKRXJKWKLP
FDSDEOHRIVKRZLQJHLWKHULQYRLFHRUIDFHLWLVQRW
\RXUIDXOW<RXGRQRWXQGHUVWDQGWKHSRLQWVRI(QJOLVK
KRUVHV7KHFRXQWHQDQFHRISRRU$OLUHFRYHUHGLWVVHUHQLW\
3HUPLWPHWRDVVXUH\RXUH[FHOOHQF\VDLG%HUWXFFLRWKDW
WKHKRUVHV\RXVSHDNRIZHUHQRWWREHVROGZKHQ,SXUFKDVHG
\RXUV0RQWH&ULVWRVKUXJJHGKLVVKRXOGHUV,WVHHPVVLU
VWHZDUGVDLGKHWKDW\RXKDYH\HWWROHDUQWKDWDOO
WKLQJVDUHWREHVROGWRVXFKDVFDUHWRSD\WKHSULFH
+LVH[FHOOHQF\LVQRWSHUKDSVDZDUHWKDW0'DQJODUVJDYH
IUDQFVIRUKLVKRUVHV"

586

9HU\ZHOO7KHQRIIHUKLPGRXEOHWKDWVXPDEDQNHUQHYHU
ORVHVDQRSSRUWXQLW\RIGRXEOLQJKLVFDSLWDO
,V\RXUH[FHOOHQF\UHDOO\LQHDUQHVW"LQTXLUHGWKH
VWHZDUG0RQWH&ULVWRUHJDUGHGWKHSHUVRQZKRGXUVWSUHVXPH
WRGRXEWKLVZRUGVZLWKWKHORRNRIRQHHTXDOO\VXUSULVHG
DQGGLVSOHDVHG,KDYHWRSD\DYLVLWWKLVHYHQLQJ
UHSOLHGKH,GHVLUHWKDWWKHVHKRUVHVZLWKFRPSOHWHO\QHZ
KDUQHVVPD\EHDWWKHGRRUZLWKP\FDUULDJH%HUWXFFLR
ERZHGDQGZDVDERXWWRUHWLUHEXWZKHQKHUHDFKHGWKH
GRRUKHSDXVHGDQGWKHQVDLG$WZKDWR
FORFNGRHV\RXU
H[FHOOHQF\ZLVKWKHFDUULDJHDQGKRUVHVWREHUHDG\"
$WILYHR
FORFNUHSOLHGWKHFRXQW
,EHJ\RXUH[FHOOHQF\
VSDUGRQLQWHUSRVHGWKHVWHZDUGLQ
DGHSUHFDWLQJPDQQHUIRUYHQWXULQJWRREVHUYHWKDWLWLV
DOUHDG\WZRR
FORFN
,DPSHUIHFWO\DZDUHRIWKDWIDFWDQVZHUHG0RQWH&ULVWR
FDOPO\7KHQWXUQLQJWRZDUGV$OLKHVDLG/HWDOOWKH
KRUVHVLQP\VWDEOHVEHOHGEHIRUHWKHZLQGRZVRI\RXU\RXQJ
ODG\WKDWVKHPD\VHOHFWWKRVHVKHSUHIHUVIRUKHU
FDUULDJH5HTXHVWKHUDOVRWRREOLJHPHE\VD\LQJZKHWKHULW
LVKHUSOHDVXUHWRGLQHZLWKPHLIVROHWGLQQHUEHVHUYHG
LQKHUDSDUWPHQWV1RZOHDYHPHDQGGHVLUHP\YDOHWGH
FKDPEUHWRFRPHKLWKHU6FDUFHO\KDG$OLGLVDSSHDUHGZKHQ
WKHYDOHWHQWHUHGWKHFKDPEHU0RQVLHXU%DSWLVWLQVDLG
WKHFRXQW\RXKDYHEHHQLQP\VHUYLFHRQH\HDUWKHWLPH,
JHQHUDOO\JLYHP\VHOIWRMXGJHRIWKHPHULWVRUGHPHULWVRI
WKRVHDERXWPH<RXVXLWPHYHU\ZHOO%DSWLVWLQERZHGORZ
,WRQO\UHPDLQVIRUPHWRNQRZZKHWKHU,DOVRVXLW\RX"
2K\RXUH[FHOOHQF\H[FODLPHG%DSWLVWLQHDJHUO\
/LVWHQLI\RXSOHDVHWLOO,KDYHILQLVKHGVSHDNLQJ
UHSOLHG0RQWH&ULVWR<RXUHFHLYHIUDQFVSHUDQQXP
IRU\RXUVHUYLFHVKHUHPRUHWKDQPDQ\DEUDYHVXEDOWHUQ
ZKRFRQWLQXDOO\ULVNVKLVOLIHIRUKLVFRXQWU\REWDLQV<RX
OLYHLQDPDQQHUIDUVXSHULRUWRPDQ\FOHUNVZKRZRUNWHQ
WLPHVKDUGHUWKDQ\RXGRIRUWKHLUPRQH\7KHQWKRXJK
\RXUVHOIDVHUYDQW\RXKDYHRWKHUVHUYDQWVWRZDLWXSRQ
\RXWDNHFDUHRI\RXUFORWKHVDQGVHHWKDW\RXUOLQHQLV
GXO\SUHSDUHGIRU\RX$JDLQ\RXPDNHDSURILWXSRQHDFK

587

DUWLFOH\RXSXUFKDVHIRUP\WRLOHWDPRXQWLQJLQWKHFRXUVH
RID\HDUWRDVXPHTXDOOLQJ\RXUZDJHV
1D\LQGHHG\RXUH[FHOOHQF\
,DPQRWFRQGHPQLQJ\RXIRUWKLV0RQVLHXU%DSWLVWLQEXW
OHW\RXUSURILWVHQGKHUH,WZRXOGEHORQJLQGHHGHUH\RX
ZRXOGILQGVROXFUDWLYHDSRVWDVWKDW\RXKDYHKRZWKHJRRG
IRUWXQHWRILOO,QHLWKHULOOXVHQRULOOWUHDWP\VHUYDQWV
E\ZRUGRUDFWLRQ$QHUURU,UHDGLO\IRUJLYHEXWZLOIXO
QHJOLJHQFHRUIRUJHWIXOQHVVQHYHU0\FRPPDQGVDUH
RUGLQDULO\VKRUWFOHDUDQGSUHFLVHDQG,ZRXOGUDWKHUEH
REOLJHGWRUHSHDWP\ZRUGVWZLFHRUHYHQWKUHHWLPHVWKDQ
WKH\VKRXOGEHPLVXQGHUVWRRG,DPULFKHQRXJKWRNQRZ
ZKDWHYHU,GHVLUHWRNQRZDQG,FDQSURPLVH\RX,DPQRW
ZDQWLQJLQFXULRVLW\,IWKHQ,VKRXOGOHDUQWKDW\RXKDG
WDNHQXSRQ\RXUVHOIWRVSHDNRIPHWRDQ\RQHIDYRUDEO\RU
XQIDYRUDEO\WRFRPPHQWRQP\DFWLRQVRUZDWFKP\FRQGXFW
WKDWYHU\LQVWDQW\RXZRXOGTXLWP\VHUYLFH<RXPD\QRZ
UHWLUH,QHYHUFDXWLRQP\VHUYDQWVDVHFRQGWLPH
UHPHPEHUWKDW%DSWLVWLQERZHGDQGZDVSURFHHGLQJWRZDUGV
WKHGRRU,IRUJRWWRPHQWLRQWR\RXVDLGWKHFRXQW
WKDW,OD\\HDUO\DVLGHDFHUWDLQVXPIRUHDFKVHUYDQWLQ
P\HVWDEOLVKPHQWWKRVHZKRP,DPFRPSHOOHGWRGLVPLVVORVH
DVDPDWWHURIFRXUVH DOOSDUWLFLSDWLRQLQWKLVPRQH\
ZKLOHWKHLUSRUWLRQJRHVWRWKHIXQGDFFXPXODWLQJIRUWKRVH
GRPHVWLFVZKRUHPDLQZLWKPHDQGDPRQJZKRPLWZLOOEH
GLYLGHGDWP\GHDWK<RXKDYHEHHQLQP\VHUYLFHD\HDU
\RXUIXQGKDVDOUHDG\EHJXQWRDFFXPXODWHOHWLWFRQWLQXH
WRGRVR
7KLVDGGUHVVGHOLYHUHGLQWKHSUHVHQFHRI$OLZKRQRW
XQGHUVWDQGLQJRQHZRUGRIWKHODQJXDJHLQZKLFKLWZDV
VSRNHQVWRRGZKROO\XQPRYHGSURGXFHGDQHIIHFWRQ0
%DSWLVWLQRQO\WREHFRQFHLYHGE\VXFKDVKDYHRFFDVLRQWR
VWXG\WKHFKDUDFWHUDQGGLVSRVLWLRQRI)UHQFKGRPHVWLFV,
DVVXUH\RXUH[FHOOHQF\VDLGKHWKDWDWOHDVWLWVKDOOEH
P\VWXG\WRPHULW\RXUDSSUREDWLRQLQDOOWKLQJVDQG,ZLOO
WDNH0$OLDVP\PRGHO
%\QRPHDQVUHSOLHGWKHFRXQWLQWKHPRVWIULJLGWRQHV
$OLKDVPDQ\IDXOWVPL[HGZLWKPRVWH[FHOOHQWTXDOLWLHV+H
FDQQRWSRVVLEO\VHUYH\RXDVDSDWWHUQIRU\RXUFRQGXFWQRW
EHLQJDV\RXDUHDSDLGVHUYDQWEXWDPHUHVODYHD

588

GRJZKRVKRXOGKHIDLOLQKLVGXW\WRZDUGVPH,VKRXOG
QRWGLVFKDUJHIURPP\VHUYLFHEXWNLOO%DSWLVWLQRSHQHG
KLVH\HVZLWKDVWRQLVKPHQW
<RXVHHQLQFUHGXORXVVDLG0RQWH&ULVWRZKRUHSHDWHGWR
$OLLQWKH$UDELFODQJXDJHZKDWKHKDGMXVWEHHQVD\LQJWR
%DSWLVWLQLQ)UHQFK7KH1XELDQVPLOHGDVVHQWLQJO\WRKLV
PDVWHU
VZRUGVWKHQNQHHOLQJRQRQHNQHHUHVSHFWIXOO\
NLVVHGWKHKDQGRIWKHFRXQW7KLVFRUURERUDWLRQRIWKH
OHVVRQKHKDGMXVWUHFHLYHGSXWWKHILQLVKLQJVWURNHWRWKH
ZRQGHUDQGVWXSHIDFWLRQRI0%DSWLVWLQ7KHFRXQWWKHQ
PRWLRQHGWKHYDOHWGHFKDPEUHWRUHWLUHDQGWR$OLWR
IROORZWRKLVVWXG\ZKHUHWKH\FRQYHUVHGORQJDQGHDUQHVWO\
WRJHWKHU$VWKHKDQGRIWKHFORFNSRLQWHGWRILYHWKHFRXQW
VWUXFNWKULFHXSRQKLVJRQJ:KHQ$OLZDVZDQWHGRQHVWURNH
ZDVJLYHQWZRVXPPRQHG%DSWLVWLQDQGWKUHH%HUWXFFLR7KH
VWHZDUGHQWHUHG0\KRUVHVVDLG0RQWH&ULVWR
7KH\DUHDWWKHGRRUKDUQHVVHGWRWKHFDUULDJHDV\RXU
H[FHOOHQF\GHVLUHG'RHV\RXUH[FHOOHQF\ZLVKPHWR
DFFRPSDQ\KLP"
1RWKHFRDFKPDQ$OLDQG%DSWLVWLQZLOOJR7KHFRXQW
GHVFHQGHGWRWKHGRRURIKLVPDQVLRQDQGEHKHOGKLV
FDUULDJHGUDZQE\WKHYHU\SDLURIKRUVHVKHKDGVRPXFK
DGPLUHGLQWKHPRUQLQJDVWKHSURSHUW\RI'DQJODUV$VKH
SDVVHGWKHPKHVDLG7KH\DUHH[WUHPHO\KDQGVRPH
FHUWDLQO\DQG\RXKDYHGRQHZHOOWRSXUFKDVHWKHPDOWKRXJK
\RXZHUHVRPHZKDWUHPLVVQRWWRKDYHSURFXUHGWKHPVRRQHU
,QGHHG\RXUH[FHOOHQF\,KDGYHU\FRQVLGHUDEOHGLIILFXOW\
LQREWDLQLQJWKHPDQGDVLWLVWKH\KDYHFRVWDQHQRUPRXV
SULFH
'RHVWKHVXP\RXJDYHIRUWKHPPDNHWKHDQLPDOVOHVV
EHDXWLIXOLQTXLUHGWKHFRXQWVKUXJJLQJKLVVKRXOGHUV
1D\LI\RXUH[FHOOHQF\LVVDWLVILHGLWLVDOOWKDW,
FRXOGZLVK:KLWKHUGRHV\RXUH[FHOOHQF\GHVLUHWREH
GULYHQ"
7RWKHUHVLGHQFHRI%DURQ'DQJODUV5XHGHOD&KDXVVHH
G
$QWLQ7KLVFRQYHUVDWLRQKDGSDVVHGDVWKH\VWRRGXSRQ
WKHWHUUDFHIURPZKLFKDIOLJKWRIVWRQHVWHSVOHGWRWKH

589

FDUULDJHGULYH$V%HUWXFFLRZLWKDUHVSHFWIXOERZZDV
PRYLQJDZD\WKHFRXQWFDOOHGKLPEDFN,KDYHDQRWKHU
FRPPLVVLRQIRU\RX0%HUWXFFLRVDLGKH,DPGHVLURXV
RIKDYLQJDQHVWDWHE\WKHVHDVLGHLQ1RUPDQG\IRU
LQVWDQFHEHWZHHQ+DYUHDQG%RXORJQH<RXVHH,JLYH\RXD
ZLGHUDQJH,WZLOOEHDEVROXWHO\QHFHVVDU\WKDWWKHSODFH
\RXPD\VHOHFWKDYHDVPDOOKDUERUFUHHNRUED\LQWR
ZKLFKP\FRUYHWWHFDQHQWHUDQGUHPDLQDWDQFKRU6KHGUDZV
RQO\ILIWHHQIHHW6KHPXVWEHNHSWLQFRQVWDQWUHDGLQHVVWR
VDLOLPPHGLDWHO\,WKLQNSURSHUWRJLYHWKHVLJQDO0DNHWKH
UHTXLVLWHLQTXLULHVIRUDSODFHRIWKLVGHVFULSWLRQDQG
ZKHQ\RXKDYHPHWZLWKDQHOLJLEOHVSRWYLVLWLWDQGLILW
SRVVHVVWKHDGYDQWDJHVGHVLUHGSXUFKDVHLWDWRQFHLQ\RXU
RZQQDPH7KHFRUYHWWHPXVWQRZ,WKLQNEHRQKHUZD\WR
)HFDPSPXVWVKHQRW"
&HUWDLQO\\RXUH[FHOOHQF\,VDZKHUSXWWRVHDWKHVDPH
HYHQLQJZHTXLWWHG0DUVHLOOHV
$QGWKH\DFKW
:DVRUGHUHGWRUHPDLQDW0DUWLJXHV

7LVZHOO,ZLVK\RXWRZULWHIURPWLPHWRWLPHWRWKH
FDSWDLQVLQFKDUJHRIWKHWZRYHVVHOVVRDVWRNHHSWKHPRQ
WKHDOHUW
$QGWKHVWHDPERDW"
6KHLVDW&KDORQV"
<HV
7KHVDPHRUGHUVIRUKHUDVIRUWKHWZRVDLOLQJYHVVHOV
9HU\JRRG
:KHQ\RXKDYHSXUFKDVHGWKHHVWDWH,GHVLUH,ZDQW
FRQVWDQWUHOD\VRIKRUVHVDWWHQOHDJXHVDSDUWDORQJWKH
QRUWKHUQDQGVRXWKHUQURDG
<RXUH[FHOOHQF\PD\GHSHQGXSRQPH7KH&RXQWPDGHD
JHVWXUHRIVDWLVIDFWLRQGHVFHQGHGWKHWHUUDFHVWHSVDQG
VSUDQJLQWRKLVFDUULDJHZKLFKZDVZKLUOHGDORQJVZLIWO\WR

590

WKHEDQNHU
VKRXVH'DQJODUVZDVHQJDJHGDWWKDWPRPHQW
SUHVLGLQJRYHUDUDLOURDGFRPPLWWHH%XWWKHPHHWLQJZDV
QHDUO\FRQFOXGHGZKHQWKHQDPHRIKLVYLVLWRUZDVDQQRXQFHG
$VWKHFRXQW
VWLWOHVRXQGHGRQKLVHDUKHURVHDQG
DGGUHVVLQJKLVFROOHDJXHVZKRZHUHPHPEHUVRIRQHRUWKH
RWKHU&KDPEHUKHVDLG*HQWOHPHQSDUGRQPHIRUOHDYLQJ
\RXVRDEUXSWO\EXWDPRVWULGLFXORXVFLUFXPVWDQFHKDV
RFFXUUHGZKLFKLVWKLV7KRPVRQ )UHQFKWKH5RPDQ
EDQNHUVKDYHVHQWWRPHDFHUWDLQSHUVRQFDOOLQJKLPVHOI
WKH&RXQWRI0RQWH&ULVWRDQGKDYHJLYHQKLPDQXQOLPLWHG
FUHGLWZLWKPH,FRQIHVVWKLVLVWKHGUROOHVWWKLQJ,KDYH
HYHUPHWZLWKLQWKHFRXUVHRIP\H[WHQVLYHIRUHLJQ
WUDQVDFWLRQVDQG\RXPD\UHDGLO\VXSSRVHLWKDVJUHDWO\
URXVHGP\FXULRVLW\,WRRNWKHWURXEOHWKLVPRUQLQJWRFDOO
RQWKHSUHWHQGHGFRXQWLIKHZHUHDUHDOFRXQWKH
ZRXOGQ
WEHVRULFK%XWZRXOG\RXEHOLHYHLWC+HZDVQRW
UHFHLYLQJ
6RWKHPDVWHURI0RQWH&ULVWRJLYHVKLPVHOIDLUV
EHILWWLQJDJUHDWPLOOLRQDLUHRUDFDSULFLRXVEHDXW\,PDGH
LQTXLULHVDQGIRXQGWKDWWKHKRXVHLQWKH&KDPSV(O\VHHVLV
KLVRZQSURSHUW\DQGFHUWDLQO\LWZDVYHU\GHFHQWO\NHSW
XS%XWSXUVXHG'DQJODUVZLWKRQHRIKLVVLQLVWHUVPLOHV
DQRUGHUIRUXQOLPLWHGFUHGLWFDOOVIRUVRPHWKLQJOLNH
FDXWLRQRQWKHSDUWRIWKHEDQNHUWRZKRPWKDWRUGHULV
JLYHQ,DPYHU\DQ[LRXVWRVHHWKLVPDQ,VXVSHFWDKRD[
LVLQWHQGHGEXWWKHLQVWLJDWRUVRILWOLWWOHNQHZZKRPWKH\
KDGWRGHDOZLWKC7KH\ODXJKEHVWZKRODXJKODVW

+DYLQJGHOLYHUHGKLPVHOIRIWKLVSRPSRXVDGGUHVVXWWHUHG
ZLWKDGHJUHHRIHQHUJ\WKDWOHIWWKHEDURQDOPRVWRXWRI
EUHDWKKHERZHGWRWKHDVVHPEOHGSDUW\DQGZLWKGUHZWRKLV
GUDZLQJURRPZKRVHVXPSWXRXVIXUQLVKLQJVRIZKLWHDQGJROG
KDGFDXVHGDJUHDWVHQVDWLRQLQWKH&KDXVVHHG
$QWLQ,WZDV
WRWKLVDSDUWPHQWKHKDGGHVLUHGKLVJXHVWWREHVKRZQZLWK
WKHSXUSRVHRIRYHUZKHOPLQJKLPDWWKHVLJKWRIVRPXFK
OX[XU\+HIRXQGWKHFRXQWVWDQGLQJEHIRUHVRPHFRSLHVRI
$OEDQRDQG)DWWRUHWKDWKDGEHHQSDVVHGRIIWRWKHEDQNHUDV
RULJLQDOVEXWZKLFKPHUHFRSLHVDVWKH\ZHUHVHHPHGWR
IHHOWKHLUGHJUDGDWLRQLQEHLQJEURXJKWLQWRMX[WDSRVLWLRQ
ZLWKWKHJDXG\FRORUVWKDWFRYHUHGWKHFHLOLQJ7KHFRXQW
WXUQHGURXQGDVKHKHDUGWKHHQWUDQFHRI'DQJODUVLQWRWKH
URRP:LWKDVOLJKWLQFOLQDWLRQRIWKHKHDG'DQJODUVVLJQHG
WRWKHFRXQWWREHVHDWHGSRLQWLQJVLJQLILFDQWO\WRD
JLOGHGDUPFKDLUFRYHUHGZLWKZKLWHVDWLQHPEURLGHUHGZLWK
JROG7KHFRXQWVDWGRZQ,KDYHWKHKRQRU,SUHVXPHRI

591

DGGUHVVLQJ0GH0RQWH&ULVWR
7KHFRXQWERZHG$QG,RIVSHDNLQJWR%DURQ'DQJODUV
FKHYDOLHURIWKH/HJLRQRI+RQRUDQGPHPEHURIWKH&KDPEHU
RI'HSXWLHV"
0RQWH&ULVWRUHSHDWHGDOOWKHWLWOHVKHKDGUHDGRQWKH
EDURQ
VFDUG
'DQJODUVIHOWWKHLURQ\DQGFRPSUHVVHGKLVOLSV<RXZLOO
,WUXVWH[FXVHPHPRQVLHXUIRUQRWFDOOLQJ\RXE\\RXU
WLWOHZKHQ,ILUVWDGGUHVVHG\RXKHVDLGEXW\RXDUH
DZDUHWKDWZHDUHOLYLQJXQGHUDSRSXODUIRUPRIJRYHUQPHQW
DQGWKDW,DPP\VHOIDUHSUHVHQWDWLYHRIWKHOLEHUWLHVRI
WKHSHRSOH
6RPXFKVRUHSOLHG0RQWH&ULVWRWKDWZKLOH\RXFDOO
\RXUVHOIEDURQ\RXDUHQRWZLOOLQJWRFDOODQ\ERG\HOVH
FRXQW
8SRQP\ZRUGPRQVLHXUVDLG'DQJODUVZLWKDIIHFWHG
FDUHOHVVQHVV,DWWDFKQRVRUWRIYDOXHWRVXFKHPSW\
GLVWLQFWLRQVEXWWKHIDFWLV,ZDVPDGHEDURQDQGDOVR
FKHYDOLHURIWKH/HJLRQRI+RQRULQUHWXUQIRUVHUYLFHV
UHQGHUHGEXW
%XW\RXKDYHGLVFDUGHG\RXUWLWOHVDIWHUWKHH[DPSOHVHW
\RXE\0HVVUVGH0RQWPRUHQF\DQG/DID\HWWH"7KDWZDVD
QREOHH[DPSOHWRIROORZPRQVLHXU
:K\UHSOLHG'DQJODUVQRWHQWLUHO\VRZLWKWKH
VHUYDQWV\RXXQGHUVWDQG
,VHHWR\RXUGRPHVWLFV\RXDUHCP\ORUG
WKHMRXUQDOLVWV
VW\OH\RXCPRQVLHXU
ZKLOH\RXUFRQVWLWXHQWVFDOO\RX
CFLWL]HQ
7KHVHDUHGLVWLQFWLRQVYHU\VXLWDEOHXQGHUD
FRQVWLWXWLRQDOJRYHUQPHQW,XQGHUVWDQGSHUIHFWO\$JDLQ
'DQJODUVELWKLVOLSVKHVDZWKDWKHZDVQRPDWFKIRU0RQWH
&ULVWRLQDQDUJXPHQWRIWKLVVRUWDQGKHWKHUHIRUH
KDVWHQHGWRWXUQWRVXEMHFWVPRUHFRQJHQLDO
3HUPLWPHWRLQIRUP\RX&RXQWVDLGKHERZLQJWKDW,
KDYHUHFHLYHGDOHWWHURIDGYLFHIURP7KRPVRQ )UHQFKRI
5RPH

592

,DPJODGWRKHDULWEDURQIRU,PXVWFODLPWKH
SULYLOHJHRIDGGUHVVLQJ\RXDIWHUWKHPDQQHURI\RXU
VHUYDQWV,KDYHDFTXLUHGWKHEDGKDELWRIFDOOLQJSHUVRQV
E\WKHLUWLWOHVIURPOLYLQJLQDFRXQWU\ZKHUHEDURQVDUH
VWLOOEDURQVE\ULJKWRIELUWK%XWDVUHJDUGVWKHOHWWHURI
DGYLFH,DPFKDUPHGWRILQGWKDWLWKDVUHDFKHG\RXWKDW
ZLOOVSDUHPHWKHWURXEOHVRPHDQGGLVDJUHHDEOHWDVNRI
FRPLQJWR\RXIRUPRQH\P\VHOI<RXKDYHUHFHLYHGDUHJXODU
OHWWHURIDGYLFH"
<HVVDLG'DQJODUVEXW,FRQIHVV,GLGQ
WTXLWH
FRPSUHKHQGLWVPHDQLQJ
,QGHHG"
$QGIRUWKDWUHDVRQ,GLGP\VHOIWKHKRQRURIFDOOLQJXSRQ
\RXLQRUGHUWREHJIRUDQH[SODQDWLRQ
*RRQPRQVLHXU+HUH,DPUHDG\WRJLYH\RXDQ\
H[SODQDWLRQ\RXGHVLUH
:K\VDLG'DQJOHUVLQWKHOHWWHU,EHOLHYH,KDYHLW
DERXWPHKHUHKHIHOWLQKLVEUHDVWSRFNHW\HVKHUH
LWLV:HOOWKLVOHWWHUJLYHVWKH&RXQWRI0RQWH&ULVWR
XQOLPLWHGFUHGLWRQRXUKRXVH
:HOOEDURQZKDWLVWKHUHGLIILFXOWWRXQGHUVWDQGDERXW
WKDW"
0HUHO\WKHWHUPXQOLPLWHGQRWKLQJHOVHFHUWDLQO\
,VQRWWKDWZRUGNQRZQLQ)UDQFH"7KHSHRSOHZKRZURWHDUH
$QJOR*HUPDQV\RXNQRZ
2KDVIRUWKHFRPSRVLWLRQRIWKHOHWWHUWKHUHLVQRWKLQJ
WREHVDLGEXWDVUHJDUGVWKHFRPSHWHQF\RIWKHGRFXPHQW,
FHUWDLQO\KDYHGRXEWV
,VLWSRVVLEOH"DVNHGWKHFRXQWDVVXPLQJDOODLUDQGWRQH
RIWKHXWPRVWVLPSOLFLW\DQGFDQGRU,VLWSRVVLEOHWKDW
7KRPVRQ )UHQFKDUHQRWORRNHGXSRQDVVDIHDQGVROYHQW
EDQNHUV"3UD\WHOOPHZKDW\RXWKLQNEDURQIRU,IHHO
XQHDV\,FDQDVVXUH\RXKDYLQJVRPHFRQVLGHUDEOHSURSHUW\

593

LQWKHLUKDQGV
7KRPVRQ )UHQFKDUHSHUIHFWO\VROYHQWUHSOLHG'DQJODUV
ZLWKDQDOPRVWPRFNLQJVPLOHEXWWKHZRUGXQOLPLWHGLQ
ILQDQFLDODIIDLUVLVVRH[WUHPHO\YDJXH
,VLQIDFWXQOLPLWHGVDLG0RQWH&ULVWR
3UHFLVHO\ZKDW,ZDVDERXWWRVD\FULHG'DQJODUV1RZ
ZKDWLVYDJXHLVGRXEWIXODQGLWZDVDZLVHPDQZKRVDLG
CZKHQLQGRXEWNHHSRXW

0HDQLQJWRVD\UHMRLQHG0RQWH&ULVWRWKDWKRZHYHU
7KRPVRQ )UHQFKPD\EHLQFOLQHGWRFRPPLWDFWVRI
LPSUXGHQFHDQGIROO\WKH%DURQ'DQJODUVLVQRWGLVSRVHGWR
IROORZWKHLUH[DPSOH
1RWDWDOO
3ODLQO\HQRXJK0HVVUV7KRPVRQ )UHQFKVHWQRERXQGVWR
WKHLUHQJDJHPHQWVZKLOHWKRVHRI0'DQJODUVKDYHWKHLU
OLPLWVKHLVDZLVHPDQDFFRUGLQJWRKLVRZQVKRZLQJ
0RQVLHXUUHSOLHGWKHEDQNHUGUDZLQJKLPVHOIXSZLWKD
KDXJKW\DLUWKHH[WHQWRIP\UHVRXUFHVKDVQHYHU\HWEHHQ
TXHVWLRQHG
,WVHHPVWKHQUHVHUYHGIRUPHVDLG0RQWH&ULVWRFROGO\
WREHWKHILUVWWRGRVR
%\ZKDWULJKWVLU"
%\ULJKWRIWKHREMHFWLRQV\RXKDYHUDLVHGDQGWKH
H[SODQDWLRQV\RXKDYHGHPDQGHGZKLFKFHUWDLQO\PXVWKDYH
VRPHPRWLYH
2QFHPRUH'DQJODUVELWKLVOLSV,WZDVWKHVHFRQGWLPHKH
KDGEHHQZRUVWHGDQGWKLVWLPHRQKLVRZQJURXQG+LV
IRUFHGSROLWHQHVVVDWDZNZDUGO\XSRQKLPDQGDSSURDFKHG
DOPRVWWRLPSHUWLQHQFH0RQWH&ULVWRRQWKHFRQWUDU\
SUHVHUYHGDJUDFHIXOVXDYLW\RIGHPHDQRUDLGHGE\DFHUWDLQ
GHJUHHRIVLPSOLFLW\KHFRXOGDVVXPHDWSOHDVXUHDQGWKXV
SRVVHVVHGWKHDGYDQWDJH

594

:HOOVLUUHVXPHG'DQJODUVDIWHUDEULHIVLOHQFH,
ZLOOHQGHDYRUWRPDNHP\VHOIXQGHUVWRRGE\UHTXHVWLQJ\RX
WRLQIRUPPHIRUZKDWVXP\RXSURSRVHWRGUDZXSRQPH"
:K\WUXO\UHSOLHG0RQWH&ULVWRGHWHUPLQHGQRWWRORVH
DQLQFKRIWKHJURXQGKHKDGJDLQHGP\UHDVRQIRUGHVLULQJ
DQCXQOLPLWHG
FUHGLWZDVSUHFLVHO\EHFDXVH,GLGQRWNQRZ
KRZPXFKPRQH\,PLJKWQHHG
7KHEDQNHUWKRXJKWWKHWLPHKDGFRPHIRUKLPWRWDNHWKH
XSSHUKDQG6RWKURZLQJKLPVHOIEDFNLQKLVDUPFKDLUKH
VDLGZLWKDQDUURJDQWDQGSXUVHSURXGDLU/HWPHEHJ
RI\RXQRWWRKHVLWDWHLQQDPLQJ\RXUZLVKHV\RXZLOOWKHQ
EHFRQYLQFHGWKDWWKHUHVRXUFHVRIWKHKRXVHRI'DQJODUV
KRZHYHUOLPLWHGDUHVWLOOHTXDOWRPHHWLQJWKHODUJHVW
GHPDQGVDQGZHUH\RXHYHQWRUHTXLUHDPLOOLRQ
,EHJ\RXUSDUGRQLQWHUSRVHG0RQWH&ULVWR
,VDLGDPLOOLRQUHSOLHG'DQJODUVZLWKWKHFRQILGHQFHRI
LJQRUDQFH
%XWFRXOG,GRZLWKDPLOOLRQ"UHWRUWHGWKHFRXQW0\
GHDUVLULIDWULIOHOLNHWKDWFRXOGVXIILFHPH,VKRXOG
QHYHUKDYHJLYHQP\VHOIWKHWURXEOHRIRSHQLQJDQDFFRXQW$
PLOOLRQ"([FXVHP\VPLOLQJZKHQ\RXVSHDNRIDVXP,DPLQ
WKHKDELWRIFDUU\LQJLQP\SRFNHWERRNRUGUHVVLQJFDVH
$QGZLWKWKHVHZRUGV0RQWH&ULVWRWRRNIURPKLVSRFNHWD
VPDOOFDVHFRQWDLQLQJKLVYLVLWLQJFDUGVDQGGUHZIRUWKWZR
RUGHUVRQWKHWUHDVXU\IRUIUDQFVHDFKSD\DEOHDW
VLJKWWRWKHEHDUHU$PDQOLNH'DQJODUVZDVZKROO\
LQDFFHVVLEOHWRDQ\JHQWOHUPHWKRGRIFRUUHFWLRQ7KHHIIHFW
RIWKHSUHVHQWUHYHODWLRQZDVVWXQQLQJKHWUHPEOHGDQGZDV
RQWKHYHUJHRIDSRSOH[\7KHSXSLOVRIKLVH\HVDVKH
JD]HGDW0RQWH&ULVWRGLODWHGKRUULEO\
&RPHFRPHVDLG0RQWH&ULVWRFRQIHVVKRQHVWO\WKDW\RX
KDYHQRWSHUIHFWFRQILGHQFHLQ7KRPVRQ )UHQFK,
XQGHUVWDQGDQGIRUHVHHLQJWKDWVXFKPLJKWEHWKHFDVH,
WRRNLQVSLWHRIP\LJQRUDQFHRIDIIDLUVFHUWDLQ
SUHFDXWLRQV6HHKHUHDUHWZRVLPLODUOHWWHUVWRWKDW\RX
KDYH\RXUVHOIUHFHLYHGRQHIURPWKHKRXVHRI$UVWHLQ
(VNHOHVRI9LHQQDWR%DURQ5RWKVFKLOGWKHRWKHUGUDZQE\
%DULQJRI/RQGRQXSRQ0/DIILWWH1RZVLU\RXKDYHEXW

595

WRVD\WKHZRUGDQG,ZLOOVSDUH\RXDOOXQHDVLQHVVE\
SUHVHQWLQJP\OHWWHURIFUHGLWWRRQHRURWKHURIWKHVHWZR
ILUPV7KHEORZKDGVWUXFNKRPHDQG'DQJODUVZDVHQWLUHO\
YDQTXLVKHGZLWKDWUHPEOLQJKDQGKHWRRNWKHWZROHWWHUV
IURPWKHFRXQWZKRKHOGWKHPFDUHOHVVO\EHWZHHQILQJHUDQG
WKXPEDQGSURFHHGHGWRVFUXWLQL]HWKHVLJQDWXUHVZLWKD
PLQXWHQHVVWKDWWKHFRXQWPLJKWKDYHUHJDUGHGDVLQVXOWLQJ
KDGLWQRWVXLWHGKLVSUHVHQWSXUSRVHWRPLVOHDGWKHEDQNHU
2KVLUVDLG'DQJODUVDIWHUKHKDGFRQYLQFHGKLPVHOIRI
WKHDXWKHQWLFLW\RIWKHGRFXPHQWVKHKHOGDQGULVLQJDVLI
WRVDOXWHWKHSRZHURIJROGSHUVRQLILHGLQWKHPDQEHIRUH
KLPWKUHHOHWWHUVRIXQOLPLWHGFUHGLW,FDQEHQR
ORQJHUPLVWUXVWIXOEXW\RXPXVWSDUGRQPHP\GHDUFRXQW
IRUFRQIHVVLQJWRVRPHGHJUHHRIDVWRQLVKPHQW
1D\DQVZHUHG0RQWH&ULVWRZLWKWKHPRVWJHQWOHPDQO\DLU

WLVQRWIRUVXFKWULIOLQJVXPVDVWKHVHWKDW\RXUEDQNLQJ
KRXVHLVWREHLQFRPPRGHG7KHQ\RXFDQOHWPHKDYHVRPH
PRQH\FDQ\RXQRW"
:KDWHYHU\RXVD\P\GHDUFRXQW,DPDW\RXURUGHUV
:K\UHSOLHG0RQWH&ULVWRVLQFHZHPXWXDOO\XQGHUVWDQG
HDFKRWKHUIRUVXFK,SUHVXPHLVWKHFDVH"'DQJODUV
ERZHGDVVHQWLQJO\<RXDUHTXLWHVXUHWKDWQRWDOXUNLQJ
GRXEWRUVXVSLFLRQOLQJHUVLQ\RXUPLQG"
2KP\GHDUFRXQWH[FODLPHG'DQJODUV,QHYHUIRUDQ
LQVWDQWHQWHUWDLQHGVXFKDIHHOLQJWRZDUGV\RX
1R\RXPHUHO\ZLVKHGWREHFRQYLQFHGQRWKLQJPRUHEXW
QRZWKDWZHKDYHFRPHWRVRFOHDUDQXQGHUVWDQGLQJDQGWKDW
DOOGLVWUXVWDQGVXVSLFLRQDUHODLGDWUHVWZHPD\DVZHOO
IL[DVXPDVWKHSUREDEOHH[SHQGLWXUHRIWKHILUVW\HDU
VXSSRVHZHVD\VL[PLOOLRQVWR
6L[PLOOLRQVJDVSHG'DQJODUVVREHLW
7KHQLI,VKRXOGUHTXLUHPRUHFRQWLQXHG0RQWH&ULVWRLQ
DFDUHOHVVPDQQHUZK\RIFRXUVH,VKRXOGGUDZXSRQ\RX
EXWP\SUHVHQWLQWHQWLRQLVQRWWRUHPDLQLQ)UDQFHPRUH
WKDQD\HDUDQGGXULQJWKDWSHULRG,VFDUFHO\WKLQN,VKDOO
H[FHHGWKHVXP,PHQWLRQHG+RZHYHUZHVKDOOVHH%HNLQG
HQRXJKWKHQWRVHQGPHIUDQFVWRPRUURZ,VKDOO

596

EHDWKRPHWLOOPLGGD\RULIQRW,ZLOOOHDYHDUHFHLSW
ZLWKP\VWHZDUG
7KHPRQH\\RXGHVLUHVKDOOEHDW\RXUKRXVHE\WHQR
FORFN
WRPRUURZPRUQLQJP\GHDUFRXQWUHSOLHG'DQJODUV+RZ
ZRXOG\RXOLNHWRKDYHLW"LQJROGVLOYHURUQRWHV"
+DOILQJROGDQGWKHRWKHUKDOILQEDQNQRWHVLI\RX
SOHDVHVDLGWKHFRXQWULVLQJIURPKLVVHDW
,PXVWFRQIHVVWR\RXFRXQWVDLG'DQJODUVWKDW,KDYH
KLWKHUWRLPDJLQHGP\VHOIDFTXDLQWHGZLWKWKHGHJUHHRIDOO
WKHJUHDWIRUWXQHVRI(XURSHDQGVWLOOZHDOWKVXFKDV\RXUV
KDVEHHQZKROO\XQNQRZQWRPH0D\,SUHVXPHWRDVNZKHWKHU
\RXKDYHORQJSRVVHVVHGLW"
,WKDVEHHQLQWKHIDPLO\DYHU\ORQJZKLOHUHWXUQHG
0RQWH&ULVWRDVRUWRIWUHDVXUHH[SUHVVO\IRUELGGHQWREH
WRXFKHGIRUDFHUWDLQSHULRGRI\HDUVGXULQJZKLFKWKH
DFFXPXODWHGLQWHUHVWKDVGRXEOHGWKHFDSLWDO7KHSHULRG
DSSRLQWHGE\WKHWHVWDWRUIRUWKHGLVSRVDORIWKHVHULFKHV
RFFXUUHGRQO\DVKRUWWLPHDJRDQGWKH\KDYHRQO\EHHQ
HPSOR\HGE\PHZLWKLQWKHODVWIHZ\HDUV<RXULJQRUDQFHRQ
WKHVXEMHFWWKHUHIRUHLVHDVLO\DFFRXQWHGIRU+RZHYHU
\RXZLOOEHEHWWHULQIRUPHGDVWRPHDQGP\SRVVHVVLRQVHUH
ORQJ$QGWKHFRXQWZKLOHSURQRXQFLQJWKHVHODWWHUZRUGV
DFFRPSDQLHGWKHPZLWKRQHRIWKRVHJKDVWO\VPLOHVWKDWXVHG
WRVWULNHWHUURULQWRSRRU)UDQ]G
(SLQD\
:LWK\RXUWDVWHVDQGPHDQVRIJUDWLI\LQJWKHPFRQWLQXHG
'DQJODUV\RXZLOOH[KLELWDVSOHQGRUWKDWPXVWHIIHFWXDOO\
SXWXVSRRUPLVHUDEOHPLOOLRQDLUHVTXLWHLQWKHVKDGH,I,
PLVWDNHQRW\RXDUHDQDGPLUHURISDLQWLQJVDWOHDVW,
MXGJHGVRIURPWKHDWWHQWLRQ\RXDSSHDUHGWREHEHVWRZLQJRQ
PLQHZKHQ,HQWHUHGWKHURRP,I\RXZLOOSHUPLWPH,VKDOO
EHKDSS\WRVKRZ\RXP\SLFWXUHJDOOHU\FRPSRVHGHQWLUHO\
RIZRUNVE\WKHDQFLHQWPDVWHUVZDUUDQWHGDVVXFK1RWD
PRGHUQSLFWXUHDPRQJWKHP,FDQQRWHQGXUHWKHPRGHUQVFKRRO
RISDLQWLQJ
<RXDUHSHUIHFWO\ULJKWLQREMHFWLQJWRWKHPIRUWKLVRQH
JUHDWIDXOWWKDWWKH\KDYHQRW\HWKDGWLPHWREHFRPH
ROG

597

2UZLOO\RXDOORZPHWRVKRZ\RXVHYHUDOILQHVWDWXHVE\
7KRUZDOGVHQ%DUWRORQLDQG&DQRYD"DOOIRUHLJQDUWLVWV
IRUDV\RXPD\SHUFHLYH,WKLQNEXWYHU\LQGLIIHUHQWO\RI
RXU)UHQFKVFXOSWRUV
<RXKDYHDULJKWWREHXQMXVWWRWKHPPRQVLHXUWKH\DUH
\RXUFRPSDWULRWV
%XWDOOWKLVPD\FRPHODWHUZKHQZHVKDOOEHEHWWHUNQRZQ
WRHDFKRWKHU)RUWKHSUHVHQW,ZLOOFRQILQHP\VHOI LI
SHUIHFWO\DJUHHDEOHWR\RX WRLQWURGXFLQJ\RXWRWKH
%DURQHVV'DQJODUVH[FXVHP\LPSDWLHQFHP\GHDUFRXQW
EXWDFOLHQWOLNH\RXLVDOPRVWOLNHDPHPEHURIWKH
IDPLO\0RQWH&ULVWRERZHGLQVLJQWKDWKHDFFHSWHGWKH
SURIIHUHGKRQRU'DQJODUVUDQJDQGZDVDQVZHUHGE\DVHUYDQW
LQDVKRZ\OLYHU\,VWKHEDURQHVVDWKRPH"LQTXLUHG
'DQJODUV
<HVP\ORUGDQVZHUHGWKHPDQ
$QGDORQH"
1RP\ORUGPDGDPHKDVYLVLWRUV
+DYH\RXDQ\REMHFWLRQWRPHHWDQ\SHUVRQVZKRPD\EHZLWK
PDGDPHRUGR\RXGHVLUHWRSUHVHUYHDVWULFWLQFRJQLWR"
1RLQGHHGUHSOLHG0RQWH&ULVWRZLWKDVPLOH,GRQRW
DUURJDWHWRP\VHOIWKHULJKWRIVRGRLQJ
$QGZKRLVZLWKPDGDPH"0'HEUD\"LQTXLUHG'DQJODUV
ZLWKDQDLURILQGXOJHQFHDQGJRRGQDWXUHWKDWPDGH0RQWH
&ULVWRVPLOHDFTXDLQWHGDVKHZDVZLWKWKHVHFUHWVRIWKH
EDQNHU
VGRPHVWLFOLIH
<HVP\ORUGUHSOLHGWKHVHUYDQW0'HEUD\LVZLWK
PDGDPH'DQJODUVQRGGHGKLVKHDGWKHQWXUQLQJWR0RQWH
&ULVWRVDLG0/XFLHQ'HEUD\LVDQROGIULHQGRIRXUV
DQGSULYDWHVHFUHWDU\WRWKH0LQLVWHURIWKH,QWHULRU$V
IRUP\ZLIH,PXVWWHOO\RXVKHORZHUHGKHUVHOIE\
PDUU\LQJPHIRUVKHEHORQJVWRRQHRIWKHPRVWDQFLHQW
IDPLOLHVLQ)UDQFH+HUPDLGHQQDPHZDV'H6HUYLHUHVDQG
KHUILUVWKXVEDQGZDV&RORQHOWKH0DUTXLVRI1DUJRQQH

598

,KDYHQRWWKHKRQRURINQRZLQJ0DGDPH'DQJODUVEXW,KDYH
DOUHDG\PHW0/XFLHQ'HEUD\
$KLQGHHG"VDLG'DQJODUVDQGZKHUHZDVWKDW"
$WWKHKRXVHRI0GH0RUFHUI
$KKD\RXDUHDFTXDLQWHGZLWKWKH\RXQJYLVFRXQWDUH
\RX"
:HZHUHWRJHWKHUDJRRGGHDOGXULQJWKH&DUQLYDODW5RPH
7UXHWUXHFULHG'DQJODUV/HWPHVHHKDYH,QRWKHDUG
WDONRIVRPHVWUDQJHDGYHQWXUHZLWKEDQGLWVRUWKLHYHVKLG
LQUXLQVDQGRIKLVKDYLQJKDGDPLUDFXORXVHVFDSH",
IRUJHWKRZEXW,NQRZKHXVHGWRDPXVHP\ZLIHDQGGDXJKWHU
E\WHOOLQJWKHPDERXWLWDIWHUKLVUHWXUQIURP,WDO\
+HUODG\VKLSLVZDLWLQJWRUHFHLYH\RXJHQWOHPHQVDLG
WKHVHUYDQWZKRKDGJRQHWRLQTXLUHWKHSOHDVXUHRIKLV
PLVWUHVV:LWK\RXUSHUPLVVLRQVDLG'DQJODUVERZLQJ,
ZLOOSUHFHGH\RXWRVKRZ\RXWKHZD\
%\DOOPHDQVUHSOLHG0RQWH&ULVWR,IROORZ\RX

&KDSWHU
7KH'DSSOHG*UD\V
7KHEDURQIROORZHGE\WKHFRXQWWUDYHUVHGDORQJVHULHVRI
DSDUWPHQWVLQZKLFKWKHSUHYDLOLQJFKDUDFWHULVWLFVZHUH
KHDY\PDJQLILFHQFHDQGWKHJDXGLQHVVRIRVWHQWDWLRXVZHDOWK
XQWLOKHUHDFKHGWKHERXGRLURI0DGDPH'DQJODUVDVPDOO
RFWDJRQDOVKDSHGURRPKXQJZLWKSLQNVDWLQFRYHUHGZLWK
ZKLWH,QGLDQPXVOLQ7KHFKDLUVZHUHRIDQFLHQWZRUNPDQVKLS
DQGPDWHULDOVRYHUWKHGRRUVZHUHSDLQWHGVNHWFKHVRI
VKHSKHUGVDQGVKHSKHUGHVVHVDIWHUWKHVW\OHDQGPDQQHURI
%RXFKHUDQGDWHDFKVLGHSUHWW\PHGDOOLRQVLQFUD\RQV
KDUPRQL]LQJZHOOZLWKWKHIXUQLVKLQJVRIWKLVFKDUPLQJ
DSDUWPHQWWKHRQO\RQHWKURXJKRXWWKHJUHDWPDQVLRQLQ
ZKLFKDQ\GLVWLQFWLYHWDVWHSUHYDLOHG7KHWUXWKZDVLWKDG
EHHQHQWLUHO\RYHUORRNHGLQWKHSODQDUUDQJHGDQGIROORZHG
RXWE\0'DQJODUVDQGKLVDUFKLWHFWZKRKDGEHHQVHOHFWHG

599

WRDLGWKHEDURQLQWKHJUHDWZRUNRILPSURYHPHQWVROHO\
EHFDXVHKHZDVWKHPRVWIDVKLRQDEOHDQGFHOHEUDWHGGHFRUDWRU
RIWKHGD\7KHGHFRUDWLRQVRIWKHERXGRLUKDGWKHQEHHQ
OHIWHQWLUHO\WR0DGDPH'DQJODUVDQG/XFLHQ'HEUD\0
'DQJODUVKRZHYHUZKLOHSRVVHVVLQJDJUHDWDGPLUDWLRQIRU
WKHDQWLTXHDVLWZDVXQGHUVWRRGGXULQJWKHWLPHRIWKH
'LUHFWRU\HQWHUWDLQHGWKHPRVWVRYHUHLJQFRQWHPSWIRUWKH
VLPSOHHOHJDQFHRIKLVZLIH
VIDYRULWHVLWWLQJURRPZKHUH
E\WKHZD\KHZDVQHYHUSHUPLWWHGWRLQWUXGHXQOHVV
LQGHHGKHH[FXVHGKLVRZQDSSHDUDQFHE\XVKHULQJLQVRPH
PRUHDJUHHDEOHYLVLWRUWKDQKLPVHOIDQGHYHQWKHQKHKDG
UDWKHUWKHDLUDQGPDQQHURIDSHUVRQZKRZDVKLPVHOI
LQWURGXFHGWKDQWKDWRIEHLQJWKHSUHVHQWHURIDQRWKHUKLV
UHFHSWLRQEHLQJFRUGLDORUIULJLGLQSURSRUWLRQDVWKH
SHUVRQZKRDFFRPSDQLHGKLPFKDQFHGWRSOHDVHRUGLVSOHDVH
WKHEDURQHVV
0DGDPH'DQJODUV ZKRDOWKRXJKSDVWWKHILUVWEORRPRI
\RXWKZDVVWLOOVWULNLQJO\KDQGVRPH ZDVQRZVHDWHGDWWKH
SLDQRDPRVWHODERUDWHSLHFHRIFDELQHWDQGLQODLGZRUN
ZKLOH/XFLHQ'HEUD\VWDQGLQJEHIRUHDVPDOOZRUNWDEOHZDV
WXUQLQJRYHUWKHSDJHVRIDQDOEXP/XFLHQKDGIRXQGWLPH
SUHSDUDWRU\WRWKHFRXQW
VDUULYDOWRUHODWHPDQ\
SDUWLFXODUVUHVSHFWLQJKLPWR0DGDPH'DQJODUV,WZLOOEH
UHPHPEHUHGWKDW0RQWH&ULVWRKDGPDGHDOLYHO\LPSUHVVLRQRQ
WKHPLQGVRIDOOWKHSDUW\DVVHPEOHGDWWKHEUHDNIDVWJLYHQ
E\$OEHUWGH0RUFHUIDQGDOWKRXJK'HEUD\ZDVQRWLQWKH
KDELWRI\LHOGLQJWRVXFKIHHOLQJVKHKDGQHYHUEHHQDEOH
WRVKDNHRIIWKHSRZHUIXOLQIOXHQFHH[FLWHGLQKLVPLQGE\
WKHLPSUHVVLYHORRNDQGPDQQHURIWKHFRXQWFRQVHTXHQWO\
WKHGHVFULSWLRQJLYHQE\/XFLHQWRWKHEDURQHVVERUHWKH
KLJKO\FRORUHGWLQJHRIKLVRZQKHDWHGLPDJLQDWLRQ$OUHDG\
H[FLWHGE\WKHZRQGHUIXOVWRULHVUHODWHGRIWKHFRXQWE\'H
0RUFHUILWLVQRZRQGHUWKDW0DGDPH'DQJODUVHDJHUO\
OLVWHQHGWRDQGIXOO\FUHGLWHGDOOWKHDGGLWLRQDO
FLUFXPVWDQFHVGHWDLOHGE\'HEUD\7KLVSRVLQJDWWKHSLDQR
DQGRYHUWKHDOEXPZDVRQO\DOLWWOHUXVHDGRSWHGE\ZD\RI
SUHFDXWLRQ$PRVWJUDFLRXVZHOFRPHDQGXQXVXDOVPLOHZHUH
EHVWRZHGRQ0'DQJODUVWKHFRXQWLQUHWXUQIRUKLV
JHQWOHPDQO\ERZUHFHLYHGDIRUPDOWKRXJKJUDFHIXOFRXUWHV\
ZKLOH/XFLHQH[FKDQJHGZLWKWKHFRXQWDVRUWRIGLVWDQW
UHFRJQLWLRQDQGZLWK'DQJODUVDIUHHDQGHDV\QRG
%DURQHVVVDLG'DQJODUVJLYHPHOHDYHWRSUHVHQWWR\RX

600

WKH&RXQWRI0RQWH&ULVWRZKRKDVEHHQPRVWZDUPO\
UHFRPPHQGHGWRPHE\P\FRUUHVSRQGHQWVDW5RPH,QHHGEXW
PHQWLRQRQHIDFWWRPDNHDOOWKHODGLHVLQ3DULVFRXUWKLV
QRWLFHDQGWKDWLVWKDWKHKDVFRPHWRWDNHXSKLVDERGH
LQ3DULVIRUD\HDUGXULQJZKLFKEULHISHULRGKHSURSRVHV
WRVSHQGVL[PLOOLRQVRIPRQH\7KDWPHDQVEDOOVGLQQHUV
DQGODZQSDUWLHVZLWKRXWHQGLQDOORIZKLFK,WUXVWWKH
FRXQWZLOOUHPHPEHUXVDVKHPD\GHSHQGXSRQLWZHVKDOO
KLPLQRXURZQKXPEOHHQWHUWDLQPHQWV,QVSLWHRIWKH
JURVVIODWWHU\DQGFRDUVHQHVVRIWKLVDGGUHVV0DGDPH
'DQJODUVFRXOGQRWIRUEHDUJD]LQJZLWKFRQVLGHUDEOHLQWHUHVW
RQDPDQFDSDEOHRIH[SHQGLQJVL[PLOOLRQVLQWZHOYHPRQWKV
DQGZKRKDGVHOHFWHG3DULVIRUWKHVFHQHRIKLVSULQFHO\
H[WUDYDJDQFH$QGZKHQGLG\RXDUULYHKHUH"LQTXLUHGVKH
<HVWHUGD\PRUQLQJPDGDPH
&RPLQJDVXVXDO,SUHVXPHIURPWKHH[WUHPHHQGRIWKH
JOREH"3DUGRQPHDWOHDVWVXFK,KDYHKHDUGLV\RXU
FXVWRP
1D\PDGDPH7KLVWLPH,KDYHPHUHO\FRPHIURP&DGL]
<RXKDYHVHOHFWHGDPRVWXQIDYRUDEOHPRPHQWIRU\RXUILUVW
YLVLW3DULVLVDKRUULEOHSODFHLQVXPPHU%DOOVSDUWLHV
DQGIHWHVDUHRYHUWKH,WDOLDQRSHUDLVLQ/RQGRQWKH
)UHQFKRSHUDHYHU\ZKHUHH[FHSWLQ3DULV$VIRUWKH7KHDWUH
)UDQFDLV\RXNQRZRIFRXUVHWKDWLWLVQRZKHUH7KHRQO\
DPXVHPHQWVOHIWXVDUHWKHLQGLIIHUHQWUDFHVDWWKH&KDPSGH
0DUVDQG6DWRU\'R\RXSURSRVHHQWHULQJDQ\KRUVHVDW
HLWKHURIWKHVHUDFHVFRXQW"
,VKDOOGRZKDWHYHUWKH\GRDW3DULVPDGDPHLI,KDYHWKH
JRRGIRUWXQHWRILQGVRPHRQHZKRZLOOLQLWLDWHPHLQWRWKH
SUHYDOHQWLGHDVRIDPXVHPHQW
$UH\RXIRQGRIKRUVHVFRXQW"
,KDYHSDVVHGDFRQVLGHUDEOHSDUWRIP\OLIHLQWKH(DVW
PDGDPHDQG\RXDUHGRXEWOHVVDZDUHWKDWWKH2ULHQWDOVYDOXH
RQO\WZRWKLQJVWKHILQHEUHHGLQJRIWKHLUKRUVHVDQGWKH
EHDXW\RIWKHLUZRPHQ
1D\FRXQWVDLGWKHEDURQHVVLWZRXOGKDYHEHHQ

601

VRPHZKDWPRUHJDOODQWWRKDYHSODFHGWKHODGLHVILUVW
<RXVHHPDGDPHKRZULJKWO\,VSRNHZKHQ,VDLG,UHTXLUHG
DSUHFHSWRUWRJXLGHPHLQDOOP\VD\LQJVDQGGRLQJVKHUH
$WWKLVLQVWDQWWKHIDYRULWHDWWHQGDQWRI0DGDPH'DQJODUV
HQWHUHGWKHERXGRLUDSSURDFKLQJKHUPLVWUHVVVKHVSRNH
VRPHZRUGVLQDQXQGHUWRQH0DGDPH'DQJODUVWXUQHGYHU\
SDOHWKHQH[FODLPHG,FDQQRWEHOLHYHLWWKHWKLQJLV
LPSRVVLEOH
,DVVXUH\RXPDGDPHUHSOLHGWKHZRPDQLWLVDV,KDYH
VDLG7XUQLQJLPSDWLHQWO\WRZDUGVKHUKXVEDQG0DGDPH
'DQJODUVGHPDQGHG,VWKLVWUXH"
,VZKDWWUXHPDGDPH"LQTXLUHG'DQJODUVYLVLEO\DJLWDWHG
:KDWP\PDLGWHOOVPH
%XWZKDWGRHVVKHWHOO\RX"
7KDWZKHQP\FRDFKPDQZDVDERXWWRKDUQHVVWKHKRUVHVWRP\
FDUULDJHKHGLVFRYHUHGWKDWWKH\KDGEHHQUHPRYHGIURPWKH
VWDEOHVZLWKRXWKLVNQRZOHGJH,GHVLUHWRNQRZZKDWLVWKH
PHDQLQJRIWKLV"
%HNLQGHQRXJKPDGDPHWROLVWHQWRPHVDLG'DQJODUV
2K\HV,ZLOOOLVWHQPRQVLHXUIRU,DPPRVWFXULRXVWR
KHDUZKDWH[SODQDWLRQ\RXZLOOJLYH7KHVHWZRJHQWOHPHQ
VKDOOGHFLGHEHWZHHQXVEXWILUVW,ZLOOVWDWHWKHFDVH
WRWKHP*HQWOHPHQFRQWLQXHGWKHEDURQHVVDPRQJWKHWHQ
KRUVHVLQWKHVWDEOHVRI%DURQ'DQJODUVDUHWZRWKDWEHORQJ
H[FOXVLYHO\WRPHDSDLURIWKHKDQGVRPHVWDQGPRVW
VSLULWHGFUHDWXUHVWREHIRXQGLQ3DULV%XWWR\RXDW
OHDVW0'HEUD\,QHHGQRWJLYHDIXUWKHUGHVFULSWLRQ
EHFDXVHWR\RXP\EHDXWLIXOSDLURIGDSSOHGJUD\VZHUHZHOO
NQRZQ:HOO,KDGSURPLVHG0DGDPHGH9LOOHIRUWWKHORDQRI
P\FDUULDJHWRGULYHWRPRUURZWRWKH%RLVEXWZKHQP\
FRDFKPDQJRHVWRIHWFKWKHJUD\VIURPWKHVWDEOHVWKH\DUH
JRQHSRVLWLYHO\JRQH1RGRXEW0'DQJODUVKDVVDFULILFHG
WKHPWRWKHVHOILVKFRQVLGHUDWLRQRIJDLQLQJVRPHWKRXVDQGV
RISDOWU\IUDQFV2KZKDWDGHWHVWDEOHFUHZWKH\DUHWKHVH
PHUFHQDU\VSHFXODWRUV

602

0DGDPHUHSOLHG'DQJODUVWKHKRUVHVZHUHQRW
VXIILFLHQWO\TXLHWIRU\RXWKH\ZHUHVFDUFHO\IRXU\HDUV
ROGDQGWKH\PDGHPHH[WUHPHO\XQHDV\RQ\RXUDFFRXQW
1RQVHQVHUHWRUWHGWKHEDURQHVV\RXFRXOGQRWKDYH
HQWHUWDLQHGDQ\DODUPRQWKHVXEMHFWEHFDXVH\RXDUH
SHUIHFWO\ZHOODZDUHWKDW,KDYHKDGIRUDPRQWKLQP\
VHUYLFHWKHYHU\EHVWFRDFKPDQLQ3DULV%XWSHUKDSV\RX
KDYHGLVSRVHGRIWKHFRDFKPDQDVZHOODVWKHKRUVHV"
0\GHDUORYHSUD\GRQRWVD\DQ\PRUHDERXWWKHPDQG,
SURPLVH\RXDQRWKHUSDLUH[DFWO\OLNHWKHPLQDSSHDUDQFH
RQO\PRUHTXLHWDQGVWHDG\7KHEDURQHVVVKUXJJHGKHU
VKRXOGHUVZLWKDQDLURILQHIIDEOHFRQWHPSWZKLOHKHU
KXVEDQGDIIHFWLQJQRWWRREVHUYHWKLVXQFRQMXJDOJHVWXUH
WXUQHGWRZDUGV0RQWH&ULVWRDQGVDLG8SRQP\ZRUG
FRXQW,DPTXLWHVRUU\QRWWRKDYHPHW\RXVRRQHU<RXDUH
VHWWLQJXSDQHVWDEOLVKPHQWRIFRXUVH"
:K\\HVUHSOLHGWKHFRXQW
,VKRXOGKDYHOLNHGWRKDYHPDGH\RXWKHRIIHURIWKHVH
KRUVHV,KDYHDOPRVWJLYHQWKHPDZD\DVLWLVEXWDV,
EHIRUHVDLG,ZDVDQ[LRXVWRJHWULGRIWKHPXSRQDQ\
WHUPV7KH\ZHUHRQO\ILWIRUD\RXQJPDQ
,DPPXFKREOLJHGE\\RXUNLQGLQWHQWLRQVWRZDUGVPHVDLG
0RQWH&ULVWREXWWKLVPRUQLQJ,SXUFKDVHGDYHU\H[FHOOHQW
SDLURIFDUULDJHKRUVHVDQG,GRQRWWKLQNWKH\ZHUHGHDU
7KHUHWKH\DUH&RPH0'HEUD\\RXDUHDFRQQRLVVHXU,
EHOLHYHOHWPHKDYH\RXURSLQLRQXSRQWKHP$V'HEUD\
ZDONHGWRZDUGVWKHZLQGRZ'DQJODUVDSSURDFKHGKLVZLIH,
FRXOGQRWWHOO\RXEHIRUHRWKHUVVDLGKHLQDORZWRQH
WKHUHDVRQRIP\SDUWLQJZLWKWKHKRUVHVEXWDPRVW
HQRUPRXVSULFHZDVRIIHUHGPHWKLVPRUQLQJIRUWKHP6RPH
PDGPDQRUIRROEHQWXSRQUXLQLQJKLPVHOIDVIDVWDVKHFDQ
DFWXDOO\VHQWKLVVWHZDUGWRPHWRSXUFKDVHWKHPDWDQ\
FRVWDQGWKHIDFWLV,KDYHJDLQHGIUDQFVE\WKH
VDOHRIWKHP&RPHGRQ
WORRNVRDQJU\DQG\RXVKDOOKDYH
IUDQFVRIWKHPRQH\WRGRZKDW\RXOLNHZLWKDQG
(XJHQLHVKDOOKDYH7KHUHZKDWGR\RXWKLQNQRZRI
WKHDIIDLU":DVQ
W,ULJKWWRSDUWZLWKWKHKRUVHV"0DGDPH
'DQJODUVVXUYH\HGKHUKXVEDQGZLWKDORRNRIZLWKHULQJ
FRQWHPSW

603

*UHDWKHDYHQV"VXGGHQO\H[FODLPHG'HEUD\
:KDWLVLW"DVNHGWKHEDURQHVV
,FDQQRWEHPLVWDNHQWKHUHDUH\RXUKRUVHV7KHYHU\
DQLPDOVZHZHUHVSHDNLQJRIKDUQHVVHGWRWKHFRXQW
V
FDUULDJH
0\GDSSOHGJUD\V"GHPDQGHGWKHEDURQHVVVSULQJLQJWRWKH
ZLQGRZ
7LVLQGHHGWKH\VDLGVKH'DQJODUVORRNHG
DEVROXWHO\VWXSHILHG+RZYHU\VLQJXODUFULHG0RQWH
&ULVWRZLWKZHOOIHLJQHGDVWRQLVKPHQW
,FDQQRWEHOLHYHLWPXUPXUHGWKHEDQNHU0DGDPH'DQJODUV
ZKLVSHUHGDIHZZRUGVLQWKHHDURI'HEUD\ZKRDSSURDFKHG
0RQWH&ULVWRVD\LQJ7KHEDURQHVVZLVKHVWRNQRZZKDW\RX
SDLGKHUKXVEDQGIRUWKHKRUVHV
,VFDUFHO\NQRZUHSOLHGWKHFRXQWLWZDVDOLWWOH
VXUSULVHSUHSDUHGIRUPHE\P\VWHZDUGDQGFRVWPHZHOO
VRPHZKHUHDERXWIUDQFV'HEUD\FRQYH\HGWKHFRXQW
V
UHSO\WRWKHEDURQHVV3RRU'DQJODUVORRNHGVRFUHVWIDOOHQ
DQGGLVFRPILWHGWKDW0RQWH&ULVWRDVVXPHGDSLW\LQJDLU
WRZDUGVKLP6HHVDLGWKHFRXQWKRZYHU\XQJUDWHIXO
ZRPHQDUH<RXUNLQGDWWHQWLRQLQSURYLGLQJIRUWKHVDIHW\
RIWKHEDURQHVVE\GLVSRVLQJRIWKHKRUVHVGRHVQRWVHHPWR
KDYHPDGHWKHOHDVWLPSUHVVLRQRQKHU%XWVRLWLVDZRPDQ
ZLOORIWHQIURPPHUHZLOIXOQHVVSUHIHUWKDWZKLFKLV
GDQJHURXVWRWKDWZKLFKLVVDIH7KHUHIRUHLQP\RSLQLRQ
P\GHDUEDURQWKHEHVWDQGHDVLHVWZD\LVWROHDYHWKHPWR
WKHLUIDQFLHVDQGDOORZWKHPWRDFWDVWKH\SOHDVHDQG
WKHQLIDQ\PLVFKLHIIROORZVZK\DWOHDVWWKH\KDYHQR
RQHWREODPHEXWWKHPVHOYHV'DQJODUVPDGHQRUHSO\KHZDV
RFFXSLHGLQDQWLFLSDWLRQVRIWKHFRPLQJVFHQHEHWZHHQ
KLPVHOIDQGWKHEDURQHVVZKRVHIURZQLQJEURZOLNHWKDWRI
2O\PSLF-RYHSUHGLFWHGDVWRUP'HEUD\ZKRSHUFHLYHGWKH
JDWKHULQJFORXGVDQGIHOWQRGHVLUHWRZLWQHVVWKH
H[SORVLRQRI0DGDPH'DQJODUV
UDJHVXGGHQO\UHFROOHFWHGDQ
DSSRLQWPHQWZKLFKFRPSHOOHGKLPWRWDNHKLVOHDYHZKLOH
0RQWH&ULVWRXQZLOOLQJE\SURORQJLQJKLVVWD\WRGHVWUR\
WKHDGYDQWDJHVKHKRSHGWRREWDLQPDGHDIDUHZHOOERZDQG
GHSDUWHGOHDYLQJ'DQJODUVWRHQGXUHWKHDQJU\UHSURDFKHVRI
KLVZLIH

604

([FHOOHQWPXUPXUHG0RQWH&ULVWRWRKLPVHOIDVKHFDPH
DZD\$OOKLVJRQHDFFRUGLQJWRP\ZLVKHV7KHGRPHVWLF
SHDFHRIWKLVIDPLO\LVKHQFHIRUWKLQP\KDQGV1RZWKHQ
WRSOD\DQRWKHUPDVWHUVWURNHE\ZKLFK,VKDOOJDLQWKH
KHDUWRIERWKKXVEDQGDQGZLIHGHOLJKWIXO6WLOODGGHG
KHDPLGDOOWKLV,KDYHQRW\HWEHHQSUHVHQWHGWR
0DGHPRLVHOOH(XJHQLH'DQJODUVZKRVHDFTXDLQWDQFH,VKRXOG
KDYHEHHQJODGWRPDNH%XWKHZHQWRQZLWKKLVSHFXOLDU
VPLOH,DPKHUHLQ3DULVDQGKDYHSOHQW\RIWLPHEHIRUH
PHE\DQGE\ZLOOGRIRUWKDW:LWKWKHVHUHIOHFWLRQVKH
HQWHUHGKLVFDUULDJHDQGUHWXUQHGKRPH7ZRKRXUV
DIWHUZDUGV0DGDPH'DQJODUVUHFHLYHGDPRVWIODWWHULQJ
HSLVWOHIURPWKHFRXQWLQZKLFKKHHQWUHDWHGKHUWRUHFHLYH
EDFNKHUIDYRULWHGDSSOHGJUD\VSURWHVWLQJWKDWKHFRXOG
QRWHQGXUHWKHLGHDRIPDNLQJKLVHQWU\LQWRWKH3DULVLDQ
ZRUOGRIIDVKLRQZLWKWKHNQRZOHGJHWKDWKLVVSOHQGLG
HTXLSDJHKDGEHHQREWDLQHGDWWKHSULFHRIDORYHO\ZRPDQ
V
UHJUHWV7KHKRUVHVZHUHVHQWEDFNZHDULQJWKHVDPHKDUQHVV
VKHKDGVHHQRQWKHPLQWKHPRUQLQJRQO\E\WKHFRXQW
V
RUGHUVLQWKHFHQWUHRIHDFKURVHWWHWKDWDGRUQHGHLWKHU
VLGHRIWKHLUKHDGVKDGEHHQIDVWHQHGDODUJHGLDPRQG
7R'DQJODUV0RQWH&ULVWRDOVRZURWHUHTXHVWLQJKLPWR
H[FXVHWKHZKLPVLFDOJLIWRIDFDSULFLRXVPLOOLRQDLUHDQG
WREHJWKHEDURQHVVWRSDUGRQWKH(DVWHUQIDVKLRQDGRSWHGLQ
WKHUHWXUQRIWKHKRUVHV
'XULQJWKHHYHQLQJ0RQWH&ULVWRTXLWWHG3DULVIRU$XWHXLO
DFFRPSDQLHGE\$OL7KHIROORZLQJGD\DERXWWKUHHR
FORFN
DVLQJOHEORZVWUXFNRQWKHJRQJVXPPRQHG$OLWRWKH
SUHVHQFHRIWKHFRXQW$OLREVHUYHGKLVPDVWHUDVWKH
1XELDQHQWHUHGWKHFKDPEHU\RXKDYHIUHTXHQWO\H[SODLQHG
WRPHKRZPRUHWKDQFRPPRQO\VNLOIXO\RXDUHLQWKURZLQJWKH
ODVVRKDYH\RXQRW"$OLGUHZKLPVHOIXSSURXGO\DQGWKHQ
UHWXUQHGDVLJQLQWKHDIILUPDWLYH,WKRXJKW,GLGQRW
PLVWDNH:LWK\RXUODVVR\RXFRXOGVWRSDQR["$JDLQ$OL
UHSHDWHGKLVDIILUPDWLYHJHVWXUH2UDWLJHU"$OLERZHG
KLVKHDGLQWRNHQRIDVVHQW$OLRQHYHQ"$OLVSUXQJ
IRUZDUGVLPLWDWLQJWKHDFWLRQRIRQHWKURZLQJWKHODVVR
WKHQRIDVWUDQJOHGOLRQ
,XQGHUVWDQGVDLG0RQWH&ULVWR\RXZLVKWRWHOOPH\RX
KDYHKXQWHGWKHOLRQ"$OLVPLOHGZLWKWULXPSKDQWSULGHDV

605

KHVLJQLILHGWKDWKHKDGLQGHHGERWKFKDVHGDQGFDSWXUHG
PDQ\OLRQV%XWGR\RXEHOLHYH\RXFRXOGDUUHVWWKH
SURJUHVVRIWZRKRUVHVUXVKLQJIRUZDUGVZLWKXQJRYHUQDEOH
IXU\"7KH1XELDQVPLOHG,WLVZHOOVDLG0RQWH&ULVWR
7KHQOLVWHQWRPH(UHORQJDFDUULDJHZLOOGDVKSDVWKHUH
GUDZQE\WKHSDLURIGDSSOHGJUD\KRUVHV\RXVDZPHZLWK
\HVWHUGD\QRZDWWKHULVNRI\RXURZQOLIH\RXPXVW
PDQDJHWRVWRSWKRVHKRUVHVEHIRUHP\GRRU
$OLGHVFHQGHGWRWKHVWUHHWDQGPDUNHGDVWUDLJKWOLQHRQ
WKHSDYHPHQWLPPHGLDWHO\DWWKHHQWUDQFHRIWKHKRXVHDQG
WKHQSRLQWHGRXWWKHOLQHKHKDGWUDFHGWRWKHFRXQWZKR
ZDVZDWFKLQJKLP7KHFRXQWSDWWHGKLPJHQWO\RQWKH
VKRXOGHUKLVXVXDOPRGHRISUDLVLQJ$OLZKRSOHDVHGDQG
JUDWLILHGZLWKWKHFRPPLVVLRQDVVLJQHGKLPZDONHGFDOPO\
WRZDUGVDSURMHFWLQJVWRQHIRUPLQJWKHDQJOHRIWKHVWUHHW
DQGKRXVHDQGVHDWLQJKLPVHOIWKHUHRQEHJDQWRVPRNHKLV
FKLERXTXHZKLOH0RQWH&ULVWRUHHQWHUHGKLVGZHOOLQJ
SHUIHFWO\DVVXUHGRIWKHVXFFHVVRIKLVSODQ6WLOODVILYH
R
FORFNDSSURDFKHGDQGWKHFDUULDJHZDVPRPHQWDULO\
H[SHFWHGE\WKHFRXQWWKHLQGLFDWLRQRIPRUHWKDQFRPPRQ
LPSDWLHQFHDQGXQHDVLQHVVPLJKWEHREVHUYHGLQKLVPDQQHU
+HVWDWLRQHGKLPVHOILQDURRPFRPPDQGLQJDYLHZRIWKH
VWUHHWSDFLQJWKHFKDPEHUZLWKUHVWOHVVVWHSVVWRSSLQJ
PHUHO\WROLVWHQIURPWLPHWRWLPHIRUWKHVRXQGRI
DSSURDFKLQJZKHHOVWKHQWRFDVWDQDQ[LRXVJODQFHRQ$OL
EXWWKHUHJXODULW\ZLWKZKLFKWKH1XELDQSXIIHGIRUWKWKH
VPRNHRIKLVFKLERXTXHSURYHGWKDWKHDWOHDVWZDVZKROO\
DEVRUEHGLQWKHHQMR\PHQWRIKLVIDYRULWHRFFXSDWLRQ
6XGGHQO\DGLVWDQWVRXQGRIUDSLGO\DGYDQFLQJZKHHOVZDV
KHDUGDQGDOPRVWLPPHGLDWHO\DFDUULDJHDSSHDUHGGUDZQE\
DSDLURIZLOGXQJRYHUQDEOHKRUVHVZKLOHWKHWHUULILHG
FRDFKPDQVWURYHLQYDLQWRUHVWUDLQWKHLUIXULRXVVSHHG
,QWKHYHKLFOHZDVD\RXQJZRPDQDQGDFKLOGRIDERXWVHYHQ
RUHLJKWFODVSHGLQHDFKRWKHU
VDUPV7HUURUVHHPHGWRKDYH
GHSULYHGWKHPHYHQRIWKHSRZHURIXWWHULQJDFU\7KH
FDUULDJHFUHDNHGDQGUDWWOHGDVLWIOHZRYHUWKHURXJK
VWRQHVDQGWKHVOLJKWHVWREVWDFOHXQGHUWKHZKHHOVZRXOG
KDYHFDXVHGGLVDVWHUEXWLWNHSWRQLQWKHPLGGOHRIWKH
URDGDQGWKRVHZKRVDZLWSDVVXWWHUHGFULHVRIWHUURU
$OLVXGGHQO\FDVWDVLGHKLVFKLERXTXHGUHZWKHODVVRIURP
KLVSRFNHWWKUHZLWVRVNLOIXOO\DVWRFDWFKWKHIRUHOHJV

606

RIWKHQHDUKRUVHLQLWVWULSOHIROGDQGVXIIHUHGKLPVHOI
WREHGUDJJHGRQIRUDIHZVWHSVE\WKHYLROHQFHRIWKH
VKRFNWKHQWKHDQLPDOIHOORYHURQWKHSROHZKLFKVQDSSHG
DQGWKHUHIRUHSUHYHQWHGWKHRWKHUKRUVHIURPSXUVXLQJLWV
ZD\*ODGO\DYDLOLQJKLPVHOIRIWKLVRSSRUWXQLW\WKH
FRDFKPDQOHDSHGIURPKLVER[EXW$OLKDGSURPSWO\VHL]HG
WKHQRVWULOVRIWKHVHFRQGKRUVHDQGKHOGWKHPLQKLVLURQ
JUDVSWLOOWKHEHDVWVQRUWLQJZLWKSDLQVXQNEHVLGHKLV
FRPSDQLRQ$OOWKLVZDVDFKLHYHGLQPXFKOHVVWLPHWKDQLV
RFFXSLHGLQWKHUHFLWDO7KHEULHIVSDFHKDGKRZHYHUEHHQ
VXIILFLHQWIRUDPDQIROORZHGE\DQXPEHURIVHUYDQWVWR
UXVKIURPWKHKRXVHEHIRUHZKLFKWKHDFFLGHQWKDGRFFXUUHG
DQGDVWKHFRDFKPDQRSHQHGWKHGRRURIWKHFDUULDJHWR
WDNHIURPLWDODG\ZKRZDVFRQYXOVLYHO\JUDVSLQJWKH
FXVKLRQVZLWKRQHKDQGZKLOHZLWKWKHRWKHUVKHSUHVVHGWR
KHUERVRPWKH\RXQJER\ZKRKDGORVWFRQVFLRXVQHVV
0RQWH&ULVWRFDUULHGWKHPERWKWRWKHVDORQDQGGHSRVLWHG
WKHPRQDVRID&RPSRVH\RXUVHOIPDGDPHVDLGKHDOO
GDQJHULVRYHU7KHZRPDQORRNHGXSDWWKHVHZRUGVDQG
ZLWKDJODQFHIDUPRUHH[SUHVVLYHWKDQDQ\HQWUHDWLHVFRXOG
KDYHEHHQSRLQWHGWRKHUFKLOGZKRVWLOOFRQWLQXHG
LQVHQVLEOH,XQGHUVWDQGWKHQDWXUHRI\RXUDODUPV
PDGDPHVDLGWKHFRXQWFDUHIXOO\H[DPLQLQJWKHFKLOGEXW
,DVVXUH\RXWKHUHLVQRWWKHVOLJKWHVWRFFDVLRQIRU
XQHDVLQHVV\RXUOLWWOHFKDUJHKDVQRWUHFHLYHGWKHOHDVW
LQMXU\KLVLQVHQVLELOLW\LVPHUHO\WKHHIIHFWVRIWHUURU
DQGZLOOVRRQSDVV
$UH\RXTXLWHVXUH\RXGRQRWVD\VRWRWUDQTXLOOL]HP\
IHDUV"6HHKRZGHDGO\SDOHKHLV0\FKLOGP\GDUOLQJ
(GZDUGVSHDNWR\RXUPRWKHURSHQ\RXUGHDUH\HVDQGORRN
RQPHRQFHDJDLQ2KVLULQSLW\VHQGIRUDSK\VLFLDQP\
ZKROHIRUWXQHVKDOOQRWEHWKRXJKWWRRPXFKIRUWKHUHFRYHU\
RIP\ER\
:LWKDFDOPVPLOHDQGDJHQWOHZDYHRIWKHKDQG0RQWH
&ULVWRVLJQHGWRWKHGLVWUDFWHGPRWKHUWROD\DVLGHKHU
DSSUHKHQVLRQVWKHQRSHQLQJDFDVNHWWKDWVWRRGQHDUKH
GUHZIRUWKDSKLDORI%RKHPLDQJODVVLQFUXVWHGZLWKJROG
FRQWDLQLQJDOLTXLGRIWKHFRORURIEORRGRIZKLFKKHOHW
IDOODVLQJOHGURSRQWKHFKLOG
VOLSV6FDUFHO\KDGLW
UHDFKHGWKHPHUHWKHER\WKRXJKVWLOOSDOHDVPDUEOH
RSHQHGKLVH\HVDQGHDJHUO\JD]HGDURXQGKLP$WWKLVWKH

607

GHOLJKWRIWKHPRWKHUZDVDOPRVWIUDQWLF:KHUHDP,"
H[FODLPHGVKHDQGWRZKRPDP,LQGHEWHGIRUVRKDSS\D
WHUPLQDWLRQWRP\ODWHGUHDGIXODODUP"
0DGDPHDQVZHUHGWKHFRXQW\RXDUHXQGHUWKHURRIRIRQH
ZKRHVWHHPVKLPVHOIPRVWIRUWXQDWHLQKDYLQJEHHQDEOHWR
VDYH\RXIURPDIXUWKHUFRQWLQXDQFHRI\RXUVXIIHULQJV
0\ZUHWFKHGFXULRVLW\KDVEURXJKWDOOWKLVDERXWSXUVXHG
WKHODG\$OO3DULVUXQJZLWKWKHSUDLVHVRI0DGDPH
'DQJODUV
EHDXWLIXOKRUVHVDQG,KDGWKHIROO\WRGHVLUHWR
NQRZZKHWKHUWKH\UHDOO\PHULWHGWKHKLJKSUDLVHJLYHQWR
WKHP
,VLWSRVVLEOHH[FODLPHGWKHFRXQWZLWKZHOOIHLJQHG
DVWRQLVKPHQWWKDWWKHVHKRUVHVEHORQJWRWKHEDURQHVV"
7KH\GRLQGHHG0D\,LQTXLUHLI\RXDUHDFTXDLQWHGZLWK
0DGDPH'DQJODUV"
,KDYHWKDWKRQRUDQGP\KDSSLQHVVDW\RXUHVFDSHIURPWKH
GDQJHUWKDWWKUHDWHQHG\RXLVUHGRXEOHGE\WKHFRQVFLRXVQHVV
WKDW,KDYHEHHQWKHXQZLOOLQJDQGWKHXQLQWHQWLRQDOFDXVH
RIDOOWKHSHULO\RXKDYHLQFXUUHG,\HVWHUGD\SXUFKDVHG
WKHVHKRUVHVRIWKHEDURQEXWDVWKHEDURQHVVHYLGHQWO\
UHJUHWWHGSDUWLQJZLWKWKHP,YHQWXUHGWRVHQGWKHPEDFNWR
KHUZLWKDUHTXHVWWKDWVKHZRXOGJUDWLI\PHE\DFFHSWLQJ
WKHPIURPP\KDQGV
<RXDUHWKHQGRXEWOHVVWKH&RXQWRI0RQWH&ULVWRRI
ZKRP+HUPLQHKDVWDONHGWRPHVRPXFK"
<RXKDYHULJKWO\JXHVVHGPDGDPHUHSOLHGWKHFRXQW
$QG,DP0DGDPH+HORLVHGH9LOOHIRUW7KHFRXQWERZHGZLWK
WKHDLURIDSHUVRQZKRKHDUVDQDPHIRUWKHILUVWWLPH
+RZJUDWHIXOZLOO0GH9LOOHIRUWEHIRUDOO\RXUJRRGQHVV
KRZWKDQNIXOO\ZLOOKHDFNQRZOHGJHWKDWWR\RXDORQHKHRZHV
WKHH[LVWHQFHRIKLVZLIHDQGFKLOG0RVWFHUWDLQO\EXWIRU
WKHSURPSWDVVLVWDQFHRI\RXULQWUHSLGVHUYDQWWKLVGHDU
FKLOGDQGP\VHOIPXVWERWKKDYHSHULVKHG
,QGHHG,VWLOOVKXGGHUDWWKHIHDUIXOGDQJHU\RXZHUH
SODFHGLQ

608

,WUXVW\RXZLOODOORZPHWRUHFRPSHQVHZRUWKLO\WKH
GHYRWLRQRI\RXUPDQ
,EHVHHFK\RXPDGDPHUHSOLHG0RQWH&ULVWRQRWWRVSRLO
$OLHLWKHUE\WRRJUHDWSUDLVHRUUHZDUGV,FDQQRWDOORZ
KLPWRDFTXLUHWKHKDELWRIH[SHFWLQJWREHUHFRPSHQVHGIRU
HYHU\WULIOLQJVHUYLFHKHPD\UHQGHU$OLLVP\VODYHDQG
LQVDYLQJ\RXUOLIHKHZDVEXWGLVFKDUJLQJKLVGXW\WRPH
1D\LQWHUSRVHG0DGDPHGH9LOOHIRUWRQZKRPWKH
DXWKRULWDWLYHVW\OHDGRSWHGE\WKHFRXQWPDGHDGHHS
LPSUHVVLRQQD\EXWFRQVLGHUWKDWWRSUHVHUYHP\OLIHKH
KDVULVNHGKLVRZQ
+LVOLIHPDGDPHEHORQJVQRWWRKLPLWLVPLQHLQUHWXUQ
IRUP\KDYLQJP\VHOIVDYHGKLPIURPGHDWK0DGDPHGH
9LOOHIRUWPDGHQRIXUWKHUUHSO\KHUPLQGZDVXWWHUO\
DEVRUEHGLQWKHFRQWHPSODWLRQRIWKHSHUVRQZKRIURPWKH
ILUVWLQVWDQWVKHVDZKLPKDGPDGHVRSRZHUIXODQ
LPSUHVVLRQRQKHU'XULQJWKHHYLGHQWSUHRFFXSDWLRQRI
0DGDPHGH9LOOHIRUW0RQWH&ULVWRVFUXWLQL]HGWKHIHDWXUHV
DQGDSSHDUDQFHRIWKHER\VKHNHSWIROGHGLQKHUDUPV
ODYLVKLQJRQKLPWKHPRVWWHQGHUHQGHDUPHQWV7KHFKLOGZDV
VPDOOIRUKLVDJHDQGXQQDWXUDOO\SDOH$PDVVRIVWUDLJKW
EODFNKDLUGHI\LQJDOODWWHPSWVWRWUDLQRUFXUOLWIHOO
RYHUKLVSURMHFWLQJIRUHKHDGDQGKXQJGRZQWRKLV
VKRXOGHUVJLYLQJLQFUHDVHGYLYDFLW\WRH\HVDOUHDG\
VSDUNOLQJZLWKD\RXWKIXOORYHRIPLVFKLHIDQGIRQGQHVVIRU
HYHU\IRUELGGHQHQMR\PHQW+LVPRXWKZDVODUJHDQGWKH
OLSVZKLFKKDGQRW\HWUHJDLQHGWKHLUFRORUZHUH
SDUWLFXODUO\WKLQLQIDFWWKHGHHSDQGFUDIW\ORRNJLYLQJ
DSUHGRPLQDQWH[SUHVVLRQWRWKHFKLOG
VIDFHEHORQJHG
UDWKHUWRDER\RIWZHOYHRUIRXUWHHQWKDQWRRQHVR\RXQJ
+LVILUVWPRYHPHQWZDVWRIUHHKLPVHOIE\DYLROHQWSXVK
IURPWKHHQFLUFOLQJDUPVRIKLVPRWKHUDQGWRUXVKIRUZDUG
WRWKHFDVNHWIURPZKHQFHWKHFRXQWKDGWDNHQWKHSKLDORI
HOL[LUWKHQZLWKRXWDVNLQJSHUPLVVLRQRIDQ\RQHKH
SURFHHGHGLQDOOWKHZLOIXOQHVVRIDVSRLOHGFKLOG
XQDFFXVWRPHGWRUHVWUDLQHLWKHUZKLPVRUFDSULFHVWRSXOO
WKHFRUNVRXWRIDOOWKHERWWOHV
7RXFKQRWKLQJP\OLWWOHIULHQGFULHGWKHFRXQWHDJHUO\
VRPHRIWKRVHOLTXLGVDUHQRWRQO\GDQJHURXVWRWDVWHEXW

609

HYHQWRLQKDOH
0DGDPHGH9LOOHIRUWEHFDPHYHU\SDOHDQGVHL]LQJKHUVRQ
V
DUPGUHZKLPDQ[LRXVO\WRZDUGKHUEXWRQFHVDWLVILHGRI
KLVVDIHW\VKHDOVRFDVWDEULHIEXWH[SUHVVLYHJODQFHRQ
WKHFDVNHWZKLFKZDVQRWORVWXSRQWKHFRXQW$WWKLV
PRPHQW$OLHQWHUHG$WVLJKWRIKLP0DGDPHGH9LOOHIRUW
XWWHUHGDQH[SUHVVLRQRISOHDVXUHDQGKROGLQJWKHFKLOG
VWLOOFORVHUWRZDUGVKHUVKHVDLG(GZDUGGHDUHVWGR\RX
VHHWKDWJRRGPDQ"+HKDVVKRZQYHU\JUHDWFRXUDJHDQG
UHVROXWLRQIRUKHH[SRVHGKLVRZQOLIHWRVWRSWKHKRUVHV
WKDWZHUHUXQQLQJDZD\ZLWKXVDQGZRXOGFHUWDLQO\KDYH
GDVKHGWKHFDUULDJHWRSLHFHV7KDQNKLPWKHQP\FKLOGLQ
\RXUYHU\EHVWPDQQHUIRUKDGKHQRWFRPHWRRXUDLG
QHLWKHU\RXQRU,ZRXOGKDYHEHHQDOLYHWRVSHDNRXU
WKDQNV7KHFKLOGVWXFNRXWKLVOLSVDQGWXUQHGDZD\KLV
KHDGLQDGLVGDLQIXOPDQQHUVD\LQJ+H
VWRRXJO\
7KHFRXQWVPLOHGDVLIWKHFKLOGEDGHIDLUWRUHDOL]HKLV
KRSHVZKLOH0DGDPHGH9LOOHIRUWUHSULPDQGHGKHUVRQZLWKD
JHQWOHQHVVDQGPRGHUDWLRQYHU\IDUIURPFRQYH\LQJWKHOHDVW
LGHDRIDIDXOWKDYLQJEHHQFRPPLWWHG7KLVODG\VDLGWKH
&RXQWVSHDNLQJWR$OLLQWKH$UDELFODQJXDJHLVGHVLURXV
WKDWKHUVRQVKRXOGWKDQN\RXIRUVDYLQJERWKWKHLUOLYHV
EXWWKHER\UHIXVHVVD\LQJ\RXDUHWRRXJO\$OLWXUQHG
KLVLQWHOOLJHQWFRXQWHQDQFHWRZDUGVWKHER\RQZKRPKH
JD]HGZLWKRXWDQ\DSSDUHQWHPRWLRQEXWWKHVSDVPRGLF
ZRUNLQJRIWKHQRVWULOVVKRZHGWRWKHSUDFWLFHGH\HRI0RQWH
&ULVWRWKDWWKH$UDEKDGEHHQZRXQGHGWRWKHKHDUW
:LOO\RXSHUPLWPHWRLQTXLUHVDLG0DGDPHGH9LOOHIRUW
DVVKHDURVHWRWDNHKHUOHDYHZKHWKHU\RXXVXDOO\UHVLGH
KHUH"
1R,GRQRWUHSOLHG0RQWH&ULVWRLWLVDVPDOOSODFH,
KDYHSXUFKDVHGTXLWHODWHO\0\SODFHRIDERGHLV1R
$YHQXHGHV&KDPSV(O\VHHVEXW,VHH\RXKDYHTXLWH
UHFRYHUHGIURP\RXUIULJKWDQGDUHQRGRXEWGHVLURXVRI
UHWXUQLQJKRPH$QWLFLSDWLQJ\RXUZLVKHV,KDYHGHVLUHGWKH
VDPHKRUVHV\RXFDPHZLWKWREHSXWWRRQHRIP\FDUULDJHV
DQG$OLKHZKRP\RXWKLQNVRYHU\XJO\FRQWLQXHGKH
DGGUHVVLQJWKHER\ZLWKDVPLOLQJDLUZLOOKDYHWKHKRQRU
RIGULYLQJ\RXKRPHZKLOH\RXUFRDFKPDQUHPDLQVKHUHWR
DWWHQGWRWKHQHFHVVDU\UHSDLUVRI\RXUFDODVK$VVRRQDV

610

WKDWLPSRUWDQWEXVLQHVVLVFRQFOXGHG,ZLOOKDYHDSDLURI
P\RZQKRUVHVKDUQHVVHGWRFRQYH\LWGLUHFWWR0DGDPH
'DQJODUV
,GDUHQRWUHWXUQZLWKWKRVHGUHDGIXOKRUVHVVDLG0DGDPH
GH9LOOHIRUW
<RXZLOOVHHUHSOLHG0RQWH&ULVWRWKDWWKH\ZLOOEHDV
GLIIHUHQWDVSRVVLEOHLQWKHKDQGVRI$OL:LWKKLPWKH\
ZLOOEHJHQWOHDQGGRFLOHDVODPEV$OLKDGLQGHHGJLYHQ
SURRIRIWKLVIRUDSSURDFKLQJWKHDQLPDOVZKRKDGEHHQ
JRWXSRQWKHLUOHJVZLWKFRQVLGHUDEOHGLIILFXOW\KHUXEEHG
WKHLUIRUHKHDGVDQGQRVWULOVZLWKDVSRQJHVRDNHGLQ
DURPDWLFYLQHJDUDQGZLSHGRIIWKHVZHDWDQGIRDPWKDW
FRYHUHGWKHLUPRXWKV7KHQFRPPHQFLQJDORXGZKLVWOLQJ
QRLVHKHUXEEHGWKHPZHOODOORYHUWKHLUERGLHVIRUVHYHUDO
PLQXWHVWKHQXQGLVWXUEHGE\WKHQRLV\FURZGFROOHFWHG
URXQGWKHEURNHQFDUULDJH$OLTXLHWO\KDUQHVVHGWKH
SDFLILHGDQLPDOVWRWKHFRXQW
VFKDULRWWRRNWKHUHLQVLQ
KLVKDQGVDQGPRXQWHGWKHER[ZKHQWRWKHXWWHU
DVWRQLVKPHQWRIWKRVHZKRKDGZLWQHVVHGWKHXQJRYHUQDEOH
VSLULWDQGPDGGHQHGVSHHGRIWKHVDPHKRUVHVKHZDV
DFWXDOO\FRPSHOOHGWRDSSO\KLVZKLSLQQRYHU\JHQWOH
PDQQHUEHIRUHKHFRXOGLQGXFHWKHPWRVWDUWDQGHYHQWKHQ
DOOWKDWFRXOGEHREWDLQHGIURPWKHFHOHEUDWHGGDSSOHG
JUD\VQRZFKDQJHGLQWRDFRXSOHRIGXOOVOXJJLVKVWXSLG
EUXWHVZDVDVORZSRWWHULQJSDFHNHSWXSZLWKVRPXFK
GLIILFXOW\WKDW0DGDPHGH9LOOHIRUWZDVPRUHWKDQWZRKRXUV
UHWXUQLQJWRKHUUHVLGHQFHLQWKH)DXERXUJ6W+RQRUH
6FDUFHO\KDGWKHILUVWFRQJUDWXODWLRQVXSRQKHUPDUYHOORXV
HVFDSHEHHQJRQHWKURXJKZKHQVKHZURWHWKHIROORZLQJOHWWHU
WR0DGDPH'DQJODUV
'HDU+HUPLQH,KDYHMXVWKDGDZRQGHUIXOHVFDSHIURPWKH
PRVWLPPLQHQWGDQJHUDQG,RZHP\VDIHW\WRWKHYHU\&RXQW
RI0RQWH&ULVWRZHZHUHWDONLQJDERXW\HVWHUGD\EXWZKRP,
OLWWOHH[SHFWHGWRVHHWRGD\,UHPHPEHUKRZXQPHUFLIXOO\,
ODXJKHGDWZKDW,FRQVLGHUHG\RXUHXORJLVWLFDQGH[DJJHUDWHG
SUDLVHVRIKLPEXW,KDYHQRZDPSOHFDXVHWRDGPLWWKDW
\RXUHQWKXVLDVWLFGHVFULSWLRQRIWKLVZRQGHUIXOPDQIHOOIDU
VKRUWRIKLVPHULWV<RXUKRUVHVJRWDVIDUDV5DQHODJK
ZKHQWKH\GDUWHGIRUZDUGOLNHPDGWKLQJVDQGJDOORSHGDZD\
DWVRIHDUIXODUDWHWKDWWKHUHVHHPHGQRRWKHUSURVSHFW

611

IRUP\VHOIDQGP\SRRU(GZDUGEXWWKDWRIEHLQJGDVKHGWR
SLHFHVDJDLQVWWKHILUVWREMHFWWKDWLPSHGHGWKHLUSURJUHVV
ZKHQDVWUDQJHORRNLQJPDQDQ$UDEDQHJURRUD
1XELDQDWOHDVWDEODFNRIVRPHQDWLRQRURWKHUDWD
VLJQDOIURPWKHFRXQWZKRVHGRPHVWLFKHLVVXGGHQO\VHL]HG
DQGVWRSSHGWKHLQIXULDWHGDQLPDOVHYHQDWWKHULVNRI
EHLQJWUDPSOHGWRGHDWKKLPVHOIDQGFHUWDLQO\KHPXVWKDYH
KDGDPRVWZRQGHUIXOHVFDSH7KHFRXQWWKHQKDVWHQHGWRXV
DQGWRRNXVLQWRKLVKRXVHZKHUHKHVSHHGLO\UHFDOOHGP\
SRRU(GZDUGWROLIH+HVHQWXVKRPHLQKLVRZQFDUULDJH
<RXUVZLOOEHUHWXUQHGWR\RXWRPRUURZ<RXZLOOILQG\RXU
KRUVHVLQEDGFRQGLWLRQIURPWKHUHVXOWVRIWKLVDFFLGHQW
WKH\VHHPWKRURXJKO\VWXSHILHGDVLIVXON\DQGYH[HGDW
KDYLQJEHHQFRQTXHUHGE\PDQ7KHFRXQWKRZHYHUKLV
FRPPLVVLRQHGPHWRDVVXUH\RXWKDWWZRRUWKUHHGD\V
UHVW
ZLWKSOHQW\RIEDUOH\IRUWKHLUVROHIRRGGXULQJWKDWWLPH
ZLOOEULQJWKHPEDFNWRDVILQHWKDWLVDVWHUULI\LQJD
FRQGLWLRQDVWKH\ZHUHLQ\HVWHUGD\$GLHX,FDQQRWUHWXUQ
\RXPDQ\WKDQNVIRUWKHGULYHRI\HVWHUGD\EXWDIWHUDOO
,RXJKWQRWWREODPH\RXIRUWKHPLVFRQGXFWRI\RXUKRUVHV
PRUHHVSHFLDOO\DVLWSURFXUHGPHWKHSOHDVXUHRIDQ
LQWURGXFWLRQWRWKH&RXQWRI0RQWH&ULVWRDQGFHUWDLQO\
WKDWLOOXVWULRXVSHUVRQDJHDSDUWIURPWKHPLOOLRQVKHLV
VDLGWREHVRYHU\DQ[LRXVWRGLVSRVHRIVHHPHGWRPHRQH
RIWKRVHFXULRXVO\LQWHUHVWLQJSUREOHPV,IRURQHGHOLJKW
LQVROYLQJDWDQ\ULVNHYHQLILWZHUHWRQHFHVVLWDWH
DQRWKHUGULYHWRWKH%RLVEHKLQG\RXUKRUVHV(GZDUGHQGXUHG
WKHDFFLGHQWZLWKPLUDFXORXVFRXUDJHKHGLGQRWXWWHUD
VLQJOHFU\EXWIHOOOLIHOHVVLQWRP\DUPVQRUGLGDWHDU
IDOOIURPKLVH\HVDIWHULWZDVRYHU,GRXEWQRW\RXZLOO
FRQVLGHUWKHVHSUDLVHVWKHUHVXOWRIEOLQGPDWHUQDO
DIIHFWLRQEXWWKHUHLVDVRXORILURQLQWKDWGHOLFDWH
IUDJLOHERG\9DOHQWLQHVHQGVPDQ\DIIHFWLRQDWHUHPHPEUDQFHV
WR\RXUGHDU(XJHQLH,HPEUDFH\RXZLWKDOOP\KHDUW
+HORLVHGH9LOOHIRUW
36'RSUD\FRQWULYHVRPHPHDQVIRUPHWRPHHWWKH&RXQW
RI0RQWH&ULVWRDW\RXUKRXVH,PXVWDQGZLOOVHHKLP
DJDLQ,KDYHMXVWPDGH0GH9LOOHIRUWSURPLVHWRFDOORQ
KLPDQG,KRSHWKHYLVLWZLOOEHUHWXUQHG
7KDWQLJKWWKHDGYHQWXUHDW$XWHXLOZDVWDONHGRI
HYHU\ZKHUH$OEHUWUHODWHGLWWRKLVPRWKHU&KDWHDX5HQDXG

612

UHFRXQWHGLWDWWKH-RFNH\&OXEDQG'HEUD\GHWDLOHGLWDW
OHQJWKLQWKHVDORQVRIWKHPLQLVWHUHYHQ%HDXFKDPS
DFFRUGHGWZHQW\OLQHVLQKLVMRXUQDOWRWKHUHODWLRQRIWKH
FRXQW
VFRXUDJHDQGJDOODQWU\WKHUHE\FHOHEUDWLQJKLPDV
WKHJUHDWHVWKHURRIWKHGD\LQWKHH\HVRIDOOWKHIHPLQLQH
PHPEHUVRIWKHDULVWRFUDF\9DVWZDVWKHFURZGRIYLVLWRUV
DQGLQTXLULQJIULHQGVZKROHIWWKHLUQDPHVDWWKHUHVLGHQFH
RI0DGDPHGH9LOOHIRUWZLWKWKHGHVLJQRIUHQHZLQJWKHLU
YLVLWDWWKHULJKWPRPHQWRIKHDULQJIURPKHUOLSVDOOWKH
LQWHUHVWLQJFLUFXPVWDQFHVRIWKLVPRVWURPDQWLFDGYHQWXUH
$VIRU0GH9LOOHIRUWKHIXOILOOHGWKHSUHGLFWLRQVRI
+HORLVHWRWKHOHWWHUGRQQHGKLVGUHVVVXLWGUHZRQD
SDLURIZKLWHJORYHVRUGHUHGWKHVHUYDQWVWRDWWHQGWKH
FDUULDJHGUHVVHGLQWKHLUIXOOOLYHU\DQGGURYHWKDWVDPH
QLJKWWR1RLQWKH$YHQXHGHV&KDPSV(O\VHHV

&KDSWHU
,GHRORJ\
,IWKH&RXQWRI0RQWH&ULVWRKDGEHHQIRUDORQJWLPH
IDPLOLDUZLWKWKHZD\VRI3DULVLDQVRFLHW\KHZRXOGKDYH
DSSUHFLDWHGEHWWHUWKHVLJQLILFDQFHRIWKHVWHSZKLFK0GH
9LOOHIRUWKDGWDNHQ6WDQGLQJZHOODWFRXUWZKHWKHUWKH
NLQJUHJQDQWZDVRIWKHROGHURU\RXQJHUEUDQFKZKHWKHUWKH
JRYHUQPHQWZDVGRFWULQDLUHOLEHUDORUFRQVHUYDWLYHORRNHG
XSRQE\DOODVDPDQRIWDOHQWVLQFHWKRVHZKRKDYHQHYHU
H[SHULHQFHGDSROLWLFDOFKHFNDUHJHQHUDOO\VRUHJDUGHG
KDWHGE\PDQ\EXWZDUPO\VXSSRUWHGE\RWKHUVZLWKRXWEHLQJ
UHDOO\OLNHGE\DQ\ERG\0GH9LOOHIRUWKHOGDKLJK
SRVLWLRQLQWKHPDJLVWUDF\DQGPDLQWDLQHGKLVHPLQHQFHOLNH
D+DUOD\RUD0ROH+LVGUDZLQJURRPXQGHUWKHUHJHQHUDWLQJ
LQIOXHQFHRID\RXQJZLIHDQGDGDXJKWHUE\KLVILUVW
PDUULDJHVFDUFHO\HLJKWHHQZDVVWLOORQHRIWKH
ZHOOUHJXODWHG3DULVVDORQVZKHUHWKHZRUVKLSRIWUDGLWLRQDO
FXVWRPVDQGWKHREVHUYDQFHRIULJLGHWLTXHWWHZHUHFDUHIXOO\
PDLQWDLQHG$IUHH]LQJSROLWHQHVVDVWULFWILGHOLW\WR
JRYHUQPHQWSULQFLSOHVDSURIRXQGFRQWHPSWIRUWKHRULHVDQG
WKHRULVWVDGHHSVHDWHGKDWUHGRILGHDOLW\WKHVHZHUH
WKHHOHPHQWVRISULYDWHDQGSXEOLFOLIHGLVSOD\HGE\0GH
9LOOHIRUW
+HZDVQRWRQO\DPDJLVWUDWHKHZDVDOPRVWDGLSORPDWLVW

613

+LVUHODWLRQVZLWKWKHIRUPHUFRXUWRIZKLFKKHDOZD\V
VSRNHZLWKGLJQLW\DQGUHVSHFWPDGHKLPUHVSHFWHGE\WKH
QHZRQHDQGKHNQHZVRPDQ\WKLQJVWKDWQRWRQO\ZDVKH
DOZD\VFDUHIXOO\FRQVLGHUHGEXWVRPHWLPHVFRQVXOWHG
3HUKDSVWKLVZRXOGQRWKDYHEHHQVRKDGLWEHHQSRVVLEOHWR
JHWULGRI0GH9LOOHIRUWEXWOLNHWKHIHXGDOEDURQVZKR
UHEHOOHGDJDLQVWWKHLUVRYHUHLJQKHGZHOWLQDQLPSUHJQDEOH
IRUWUHVV7KLVIRUWUHVVZDVKLVSRVWDVNLQJ
VDWWRUQH\DOO
WKHDGYDQWDJHVRIZKLFKKHH[SORLWHGZLWKPDUYHOORXVVNLOO
DQGZKLFKKHZRXOGQRWKDYHUHVLJQHGEXWWREHPDGHGHSXW\
DQGWKXVWRUHSODFHQHXWUDOLW\E\RSSRVLWLRQ2UGLQDULO\0
GH9LOOHIRUWPDGHDQGUHWXUQHGYHU\IHZYLVLWV+LVZLIH
YLVLWHGIRUKLPDQGWKLVZDVWKHUHFHLYHGWKLQJLQWKH
ZRUOGZKHUHWKHZHLJKW\DQGPXOWLIDULRXVRFFXSDWLRQVRIWKH
PDJLVWUDWHZHUHDFFHSWHGDVDQH[FXVHIRUZKDWZDVUHDOO\
RQO\FDOFXODWHGSULGHDPDQLIHVWDWLRQRISURIHVVHG
VXSHULRULW\LQIDFWWKHDSSOLFDWLRQRIWKHD[LRP
3UHWHQGWRWKLQNZHOORI\RXUVHOIDQGWKHZRUOGZLOOWKLQN
ZHOORI\RXDQD[LRPDKXQGUHGWLPHVPRUHXVHIXOLQ
VRFLHW\QRZDGD\VWKDQWKDWRIWKH*UHHNV.QRZWK\VHOID
NQRZOHGJHIRUZKLFKLQRXUGD\VZHKDYHVXEVWLWXWHGWKH
OHVVGLIILFXOWDQGPRUHDGYDQWDJHRXVVFLHQFHRINQRZLQJ
RWKHUV
7RKLVIULHQGV0GH9LOOHIRUWZDVDSRZHUIXOSURWHFWRUWR
KLVHQHPLHVKHZDVDVLOHQWEXWELWWHURSSRQHQWIRUWKRVH
ZKRZHUHQHLWKHUWKHRQHQRUWKHRWKHUKHZDVDVWDWXHRI
WKHODZPDGHPDQ+HKDGDKDXJKW\EHDULQJDORRNHLWKHU
VWHDG\DQGLPSHQHWUDEOHRULQVROHQWO\SLHUFLQJDQG
LQTXLVLWRULDO)RXUVXFFHVVLYHUHYROXWLRQVKDGEXLOWDQG
FHPHQWHGWKHSHGHVWDOXSRQZKLFKKLVIRUWXQHZDVEDVHG0
GH9LOOHIRUWKDGWKHUHSXWDWLRQRIEHLQJWKHOHDVWFXULRXV
DQGWKHOHDVWZHDULVRPHPDQLQ)UDQFH+HJDYHDEDOOHYHU\
\HDUDWZKLFKKHDSSHDUHGIRUDTXDUWHURIDQKRXURQO\
WKDWLVWRVD\ILYHDQGIRUW\PLQXWHVOHVVWKDQWKHNLQJLV
YLVLEOHDWKLVEDOOV+HZDVQHYHUVHHQDWWKHWKHDWUHVDW
FRQFHUWVRULQDQ\SODFHRISXEOLFUHVRUW2FFDVLRQDOO\
EXWVHOGRPKHSOD\HGDWZKLVWDQGWKHQFDUHZDVWDNHQWR
VHOHFWSDUWQHUVZRUWK\RIKLPVRPHWLPHVWKH\ZHUH
DPEDVVDGRUVVRPHWLPHVDUFKELVKRSVRUVRPHWLPHVDSULQFH
RUDSUHVLGHQWRUVRPHGRZDJHUGXFKHVV6XFKZDVWKHPDQ
ZKRVHFDUULDJHKDGMXVWQRZVWRSSHGEHIRUHWKH&RXQWRI
0RQWH&ULVWR
VGRRU7KHYDOHWGHFKDPEUHDQQRXQFHG0GH
9LOOHIRUWDWWKHPRPHQWZKHQWKHFRXQWOHDQLQJRYHUDODUJH

614

WDEOHZDVWUDFLQJRQDPDSWKHURXWHIURP6W3HWHUVEXUJWR
&KLQD
7KHSURFXUHXUHQWHUHGZLWKWKHVDPHJUDYHDQGPHDVXUHGVWHS
KHZRXOGKDYHHPSOR\HGLQHQWHULQJDFRXUWRIMXVWLFH+H
ZDVWKHVDPHPDQRUUDWKHUWKHGHYHORSPHQWRIWKHVDPHPDQ
ZKRPZHKDYHKHUHWRIRUHVHHQDVDVVLVWDQWDWWRUQH\DW
0DUVHLOOHV1DWXUHDFFRUGLQJWRKHUZD\KDGPDGHQR
GHYLDWLRQLQWKHSDWKKHKDGPDUNHGRXWIRUKLPVHOI)URP
EHLQJVOHQGHUKHKDGQRZEHFRPHPHDJUHRQFHSDOHKHZDV
QRZ\HOORZKLVGHHSVHWH\HVZHUHKROORZDQGWKHJROG
VSHFWDFOHVVKLHOGLQJKLVH\HVVHHPHGWREHDQLQWHJUDO
SRUWLRQRIKLVIDFH+HGUHVVHGHQWLUHO\LQEODFNZLWKWKH
H[FHSWLRQRIKLVZKLWHWLHDQGKLVIXQHUDODSSHDUDQFHZDV
RQO\PLWLJDWHGE\WKHVOLJKWOLQHRIUHGULEERQZKLFKSDVVHG
DOPRVWLPSHUFHSWLEO\WKURXJKKLVEXWWRQKROHDQGDSSHDUHG
OLNHDVWUHDNRIEORRGWUDFHGZLWKDGHOLFDWHEUXVK
$OWKRXJKPDVWHURIKLPVHOI0RQWH&ULVWRVFUXWLQL]HGZLWK
LUUHSUHVVLEOHFXULRVLW\WKHPDJLVWUDWHZKRVHVDOXWHKH
UHWXUQHGDQGZKRGLVWUXVWIXOE\KDELWDQGHVSHFLDOO\
LQFUHGXORXVDVWRVRFLDOSURGLJLHVZDVPXFKPRUHGLVSLVHG
WRORRNXSRQWKHQREOHVWUDQJHUDV0RQWH&ULVWRZDV
DOUHDG\FDOOHGDVDQDGYHQWXUHULQVHDUFKRIQHZILHOGVRU
DQHVFDSHGFULPLQDOUDWKHUWKDQDVDSULQFHRIWKH+RO\
6HHRUDVXOWDQRIWKH7KRXVDQGDQG2QH1LJKWV
6LUVDLG9LOOHIRUWLQWKHVTXHDN\WRQHDVVXPHGE\
PDJLVWUDWHVLQWKHLURUDWRULFDOSHULRGVDQGRIZKLFKWKH\
FDQQRWRUZLOOQRWGLYHVWWKHPVHOYHVLQVRFLHW\VLUWKH
VLJQDOVHUYLFHZKLFK\RX\HVWHUGD\UHQGHUHGWRP\ZLIHDQG
VRQKDVPDGHLWDGXW\IRUPHWRRIIHU\RXP\WKDQNV,KDYH
FRPHWKHUHIRUHWRGLVFKDUJHWKLVGXW\DQGWRH[SUHVVWR
\RXP\RYHUZKHOPLQJJUDWLWXGH$QGDVKHVDLGWKLVWKH
H\HVHYHUHRIWKHPDJLVWUDWHKDGORVWQRWKLQJRILWV
KDELWXDODUURJDQFH+HVSRNHLQDYRLFHRIWKH
SURFXUHXUJHQHUDOZLWKWKHULJLGLQIOH[LELOLW\RIQHFNDQG
VKRXOGHUVZKLFKFDXVHGKLVIODWWHUHUVWRVD\ DVZHKDYH
EHIRUHREVHUYHG WKDWKHZDVWKHOLYLQJVWDWXHRIWKHODZ
0RQVLHXUUHSOLHGWKHFRXQWZLWKDFKLOOLQJDLU,DP
YHU\KDSS\WRKDYHEHHQWKHPHDQVRISUHVHUYLQJDVRQWRKLV
PRWKHUIRUWKH\VD\WKDWWKHVHQWLPHQWRIPDWHUQLW\LVWKH
PRVWKRO\RIDOODQGWKHJRRGIRUWXQHZKLFKRFFXUUHGWRPH
PRQVLHXUPLJKWKDYHHQDEOHG\RXWRGLVSHQVHZLWKDGXW\

615

ZKLFKLQLWVGLVFKDUJHFRQIHUVDQXQGRXEWHGO\JUHDWKRQRU
IRU,DPDZDUHWKDW0GH9LOOHIRUWLVQRWXVXDOO\ODYLVKRI
WKHIDYRUZKLFKKHQRZEHVWRZVRQPHDIDYRUZKLFK
KRZHYHUHVWLPDEOHLVXQHTXDOWRWKHVDWLVIDFWLRQZKLFK,
KDYHLQP\RZQFRQVFLRXVQHVV9LOOHIRUWDVWRQLVKHGDWWKLV
UHSO\ZKLFKKHE\QRPHDQVH[SHFWHGVWDUWHGOLNHDVROGLHU
ZKRIHHOVWKHEORZOHYHOOHGDWKLPRYHUWKHDUPRUKHZHDUV
DQGDFXUORIKLVGLVGDLQIXOOLSLQGLFDWHGWKDWIURPWKDW
PRPHQWKHQRWHGLQWKHWDEOHWVRIKLVEUDLQWKDWWKH&RXQW
RI0RQWH&ULVWRZDVE\QRPHDQVDKLJKO\EUHGJHQWOHPDQ+H
JODQFHGDURXQGLQRUGHUWRVHL]HRQVRPHWKLQJRQZKLFKWKH
FRQYHUVDWLRQPLJKWWXUQDQGVHHPHGWRIDOOHDVLO\RQD
WRSLF+HVDZWKHPDSZKLFK0RQWH&ULVWRKDGEHHQH[DPLQLQJ
ZKHQKHHQWHUHGDQGVDLG<RXVHHPJHRJUDSKLFDOO\HQJDJHG
VLU",WLVDULFKVWXG\IRU\RXZKRDV,OHDUQKDYHVHHQ
DVPDQ\ODQGVDVDUHGHOLQHDWHGRQWKLVPDS
<HVVLUUHSOLHGWKHFRXQWOKDYHVRXJKWWRPDNHRIWKH
KXPDQUDFHWDNHQLQWKHPDVVZKDW\RXSUDFWLFHHYHU\GD\
RQLQGLYLGXDOVDSK\VLRORJLFDOVWXG\,KDYHEHOLHYHGLW
ZDVPXFKHDVLHUWRGHVFHQGIURPWKHZKROHWRDSDUWWKDQWR
DVFHQGIURPDSDUWWRWKHZKROH,WLVDQDOJHEUDLFD[LRP
ZKLFKPDNHVXVSURFHHGIURPDNQRZQWRDQXQNQRZQTXDQWLW\
DQGQRWIURPDQXQNQRZQWRDNQRZQEXWVLWGRZQVLU,EHJ
RI\RX
0RQWH&ULVWRSRLQWHGWRDFKDLUZKLFKWKHSURFXUHXUZDV
REOLJHGWRWDNHWKHWURXEOHWRPRYHIRUZDUGVKLPVHOIZKLOH
WKHFRXQWPHUHO\IHOOEDFNLQWRKLVRZQRQZKLFKKHKDG
EHHQNQHHOLQJZKHQ09LOOHIRUWHQWHUHG7KXVWKHFRXQWZDV
KDOIZD\WXUQHGWRZDUGVKLVYLVLWRUKDYLQJKLVEDFNWRZDUGV
WKHZLQGRZKLVHOERZUHVWLQJRQWKHJHRJUDSKLFDOFKDUW
ZKLFKIXUQLVKHGWKHWKHPHRIFRQYHUVDWLRQIRUWKHPRPHQW
DFRQYHUVDWLRQZKLFKDVVXPHGDVLQWKHFDVHRIWKH
LQWHUYLHZVZLWK'DQJODUVDQG0RUFHUIDWXUQDQDORJRXVWR
WKHSHUVRQVLIQRWWRWKHVLWXDWLRQ$K\RX
SKLORVRSKL]HUHSOLHG9LOOHIRUWDIWHUDPRPHQW
VVLOHQFH
GXULQJZKLFKOLNHDZUHVWOHUZKRHQFRXQWHUVDSRZHUIXO
RSSRQHQWKHWRRNEUHDWKZHOOVLUUHDOO\LIOLNH\RX
,KDGQRWKLQJHOVHWRGR,VKRXOGVHHNDPRUHDPXVLQJ
RFFXSDWLRQ
:K\LQWUXWKVLUZDV0RQWH&ULVWR
VUHSO\PDQLVEXW
DQXJO\FDWHUSLOODUIRUKLPZKRVWXGLHVKLPWKURXJKDVRODU

616

PLFURVFRSHEXW\RXVDLG,WKLQNWKDW,KDGQRWKLQJHOVH
WRGR1RZUHDOO\OHWPHDVNVLUKDYH\RX"GR\RX
EHOLHYH\RXKDYHDQ\WKLQJWRGR"RUWRVSHDNLQSODLQWHUPV
GR\RXUHDOO\WKLQNWKDWZKDW\RXGRGHVHUYHVEHLQJFDOOHG
DQ\WKLQJ"
9LOOHIRUW
VDVWRQLVKPHQWUHGRXEOHGDWWKLVVHFRQGWKUXVWVR
IRUFLEO\PDGHE\KLVVWUDQJHDGYHUVDU\,WZDVDORQJWLPH
VLQFHWKHPDJLVWUDWHKDGKHDUGDSDUDGR[VRVWURQJRU
UDWKHUWRVD\WKHWUXWKPRUHH[DFWO\LWZDVWKHILUVWWLPH
KHKDGHYHUKHDUGRILW7KHSURFXUHXUH[HUWHGKLPVHOIWR
UHSO\6LUKHUHVSRQGHG\RXDUHDVWUDQJHUDQG,
EHOLHYH\RXVD\\RXUVHOIWKDWDSRUWLRQRI\RXUOLIHKDV
EHHQVSHQWLQ2ULHQWDOFRXQWULHVVR\RXDUHQRWDZDUHKRZ
KXPDQMXVWLFHVRH[SHGLWLRQVLQEDUEDURXVFRXQWULHVWDNHV
ZLWKXVDSUXGHQWDQGZHOOVWXGLHGFRXUVH
2K\HV\HV,GRVLULWLVWKHSHGHFODXGRRIWKH
DQFLHQWV,NQRZDOOWKDWIRULWLVZLWKWKHMXVWLFHRIDOO
FRXQWULHVHVSHFLDOO\WKDW,KDYHRFFXSLHGP\VHOILWLV
ZLWKWKHFULPLQDOSURFHGXUHRIDOOQDWLRQVWKDW,KDYH
FRPSDUHGQDWXUDOMXVWLFHDQG,PXVWVD\VLUWKDWLWLV
WKHODZRISULPLWLYHQDWLRQVWKDWLVWKHODZRI
UHWDOLDWLRQWKDW,KDYHPRVWIUHTXHQWO\IRXQGWREH
DFFRUGLQJWRWKHODZRI*RG
,IWKLVODZZHUHDGRSWHGVLUVDLGWKHSURFXUHXULW
ZRXOGJUHDWO\VLPSOLI\RXUOHJDOFRGHVDQGLQWKDWFDVHWKH
PDJLVWUDWHVZRXOGQRW DV\RXMXVWREVHUYHG KDYHPXFKWR
GR
,WPD\SHUKDSVFRPHWRWKLVLQWLPHREVHUYHG0RQWH
&ULVWR\RXNQRZWKDWKXPDQLQYHQWLRQVPDUFKIURPWKH
FRPSOH[WRWKHVLPSOHDQGVLPSOLFLW\LVDOZD\VSHUIHFWLRQ
,QWKHPHDQZKLOHFRQWLQXHGWKHPDJLVWUDWHRXUFRGHVDUH
LQIXOOIRUFHZLWKDOOWKHLUFRQWUDGLFWRU\HQDFWPHQWV
GHULYHGIURP*DOOLFFXVWRPV5RPDQODZVDQG)UDQNXVDJHV
WKHNQRZOHGJHRIDOOZKLFK\RXZLOODJUHHLVQRWWREH
DFTXLUHGZLWKRXWH[WHQGHGODERULWQHHGVWHGLRXVVWXG\WR
DFTXLUHWKLVNQRZOHGJHDQGZKHQDFTXLUHGDVWURQJSRZHU
RIEUDLQWRUHWDLQLW
,DJUHHZLWK\RXHQWLUHO\VLUEXWDOOWKDWHYHQ\RXNQRZ

617

ZLWKUHVSHFWWRWKH)UHQFKFRGH,NQRZQRWRQO\LQ
UHIHUHQFHWRWKDWFRGHEXWDVUHJDUGVWKHFRGHVRIDOO
QDWLRQV7KH(QJOLVK7XUNLVK-DSDQHVH+LQGXODZVDUHDV
IDPLOLDUWRPHDVWKH)UHQFKODZVDQGWKXV,ZDVULJKW
ZKHQ,VDLGWR\RXWKDWUHODWLYHO\ \RXNQRZWKDW
HYHU\WKLQJLVUHODWLYHVLU WKDWUHODWLYHO\WRZKDW,
KDYHGRQH\RXKDYHYHU\OLWWOHWRGREXWWKDWUHODWLYHO\
WRDOO,KDYHOHDUQHG\RXKDYH\HWDJUHDWGHDOWROHDUQ
%XWZLWKZKDWPRWLYHKDYH\RXOHDUQHGDOOWKLV"LQTXLUHG
9LOOHIRUWLQDVWRQLVKPHQW0RQWH&ULVWRVPLOHG5HDOO\
VLUKHREVHUYHG,VHHWKDWLQVSLWHRIWKHUHSXWDWLRQ
ZKLFK\RXKDYHDFTXLUHGDVDVXSHULRUPDQ\RXORRNDW
HYHU\WKLQJIURPWKHPDWHULDODQGYXOJDUYLHZRIVRFLHW\
EHJLQQLQJZLWKPDQDQGHQGLQJZLWKPDQWKDWLVWRVD\
LQWKHPRVWUHVWULFWHGPRVWQDUURZYLHZZKLFKLWLV
SRVVLEOHIRUKXPDQXQGHUVWDQGLQJWRHPEUDFH
3UD\VLUH[SODLQ\RXUVHOIVDLG9LOOHIRUWPRUHDQGPRUH
DVWRQLVKHG,UHDOO\GRQRWXQGHUVWDQG\RX
SHUIHFWO\
,VD\VLUWKDWZLWKWKHH\HVIL[HGRQWKHVRFLDO
RUJDQL]DWLRQRIQDWLRQV\RXVHHRQO\WKHVSULQJVRIWKH
PDFKLQHDQGORVHVLJKWRIWKHVXEOLPHZRUNPDQZKRPDNHV
WKHPDFW,VD\WKDW\RXGRQRWUHFRJQL]HEHIRUH\RXDQG
DURXQG\RXDQ\EXWWKRVHRIILFHKROGHUVZKRVHFRPPLVVLRQV
KDYHEHHQVLJQHGE\DPLQLVWHURUNLQJDQGWKDWWKHPHQ
ZKRP*RGKDVSXWDERYHWKRVHRIILFHKROGHUVPLQLVWHUVDQG
NLQJVE\JLYLQJWKHPDPLVVLRQWRIROORZRXWLQVWHDGRID
SRVWWRILOO,VD\WKDWWKH\HVFDSH\RXUQDUURZOLPLWHG
ILHOGRIREVHUYDWLRQ,WLVWKXVWKDWKXPDQZHDNQHVVIDLOV
IURPLWVGHELOLWDWHGDQGLPSHUIHFWRUJDQV7RELDVWRRNWKH
DQJHOZKRUHVWRUHGKLPWROLJKWIRUDQRUGLQDU\\RXQJPDQ
7KHQDWLRQVWRRN$WWLODZKRZDVGRRPHGWRGHVWUR\WKHPIRU
DFRQTXHURUVLPLODUWRRWKHUFRQTXHURUVDQGLWZDV
QHFHVVDU\IRUERWKWRUHYHDOWKHLUPLVVLRQVWKDWWKH\PLJKW
EHNQRZQDQGDFNQRZOHGJHGRQHZDVFRPSHOOHGWRVD\C,DP
WKHDQJHORIWKH/RUG
DQGWKHRWKHUC,DPWKHKDPPHURI
*RG
LQRUGHUWKDWWKHGLYLQHHVVHQFHLQERWKPLJKWEH
UHYHDOHG
7KHQVDLG9LOOHIRUWPRUHDQGPRUHDPD]HGDQGUHDOO\
VXSSRVLQJKHZDVVSHDNLQJWRDP\VWLFRUDPDGPDQ\RX

618

FRQVLGHU\RXUVHOIDVRQHRIWKRVHH[WUDRUGLQDU\EHLQJVZKRP
\RXKDYHPHQWLRQHG"
$QGZK\QRW"VDLG0RQWH&ULVWRFROGO\
<RXUSDUGRQVLUUHSOLHG9LOOHIRUWTXLWHDVWRXQGHGEXW
\RXZLOOH[FXVHPHLIZKHQ,SUHVHQWHGP\VHOIWR\RX,ZDV
XQDZDUHWKDW,VKRXOGPHHWZLWKDSHUVRQZKRVHNQRZOHGJHDQG
XQGHUVWDQGLQJVRIDUVXUSDVVWKHXVXDONQRZOHGJHDQG
XQGHUVWDQGLQJRIPHQ,WLVQRWXVXDOZLWKXVFRUUXSWHG
ZUHWFKHVRIFLYLOL]DWLRQWRILQGJHQWOHPHQOLNH\RXUVHOI
SRVVHVVRUVDV\RXDUHRILPPHQVHIRUWXQHDWOHDVWVR
LWLVVDLGDQG,EHJ\RXWRREVHUYHWKDW,GRQRW
LQTXLUH,PHUHO\UHSHDWLWLVQRWXVXDO,VD\IRU
VXFKSULYLOHJHGDQGZHDOWK\EHLQJVWRZDVWHWKHLUWLPHLQ
VSHFXODWLRQVRQWKHVWDWHRIVRFLHW\LQSKLORVRSKLFDO
UHYHULHVLQWHQGHGDWEHVWWRFRQVROHWKRVHZKRPIDWHKDV
GLVLQKHULWHGIURPWKHJRRGVRIWKLVZRUOG
5HDOO\VLUUHWRUWHGWKHFRXQWKDYH\RXDWWDLQHGWKH
HPLQHQWVLWXDWLRQLQZKLFK\RXDUHZLWKRXWKDYLQJDGPLWWHG
RUHYHQZLWKRXWKDYLQJPHWZLWKH[FHSWLRQV"DQGGR\RXQHYHU
XVH\RXUH\HVZKLFKPXVWKDYHDFTXLUHGVRPXFKILQHVVHDQG
FHUWDLQW\WRGLYLQHDWDJODQFHWKHNLQGRIPDQE\ZKRP
\RXDUHFRQIURQWHG"6KRXOGQRWDPDJLVWUDWHEHQRWPHUHO\
WKHEHVWDGPLQLVWUDWRURIWKHODZEXWWKHPRVWFUDIW\
H[SRXQGHURIWKHFKLFDQHU\RIKLVSURIHVVLRQDVWHHOSUREH
WRVHDUFKKHDUWVDWRXFKVWRQHWRWU\WKHJROGZKLFKLQHDFK
VRXOLVPLQJOHGZLWKPRUHRUOHVVRIDOOR\"
6LUVDLG9LOOHIRUWXSRQP\ZRUG\RXRYHUFRPHPH,
UHDOO\QHYHUKHDUGDSHUVRQVSHDNDV\RXGR
%HFDXVH\RXUHPDLQHWHUQDOO\HQFLUFOHGLQDURXQGRI
JHQHUDOFRQGLWLRQVDQGKDYHQHYHUGDUHGWRUDLVH\RXUZLQJV
LQWRWKRVHXSSHUVSKHUHVZKLFK*RGKDVSHRSOHGZLWK
LQYLVLEOHRUH[FHSWLRQDOEHLQJV
$QG\RXDOORZWKHQVLUWKDWVSKHUHVH[LVWDQGWKDWWKHVH
PDUNHGDQGLQYLVLEOHEHLQJVPLQJOHDPRQJVWXV"
:K\VKRXOGWKH\QRW"&DQ\RXVHHWKHDLU\RXEUHDWKHDQG
\HWZLWKRXWZKLFK\RXFRXOGQRWIRUDPRPHQWH[LVW"

619

7KHQZHGRQRWVHHWKRVHEHLQJVWRZKRP\RXDOOXGH"
<HVZHGR\RXVHHWKHPZKHQHYHU*RGSOHDVHVWRDOORZWKHP
WRDVVXPHDPDWHULDOIRUP<RXWRXFKWKHPFRPHLQFRQWDFW
ZLWKWKHPVSHDNWRWKHPDQGWKH\UHSO\WR\RX
$KVDLG9LOOHIRUWVPLOLQJ,FRQIHVV,VKRXOGOLNHWR
EHZDUQHGZKHQRQHRIWKHVHEHLQJVLVLQFRQWDFWZLWKPH
<RXKDYHEHHQVHUYHGDV\RXGHVLUHPRQVLHXUIRU\RXZHUH
ZDUQHGMXVWQRZDQG,QRZDJDLQZDUQ\RX
7KHQ\RX\RXUVHOIDUHRQHRIWKHVHPDUNHGEHLQJV"
<HVPRQVLHXU,EHOLHYHVRIRUXQWLOQRZQRPDQKDV
IRXQGKLPVHOILQDSRVLWLRQVLPLODUWRPLQH7KHGRPLQLRQV
RINLQJVDUHOLPLWHGHLWKHUE\PRXQWDLQVRUULYHUVRUD
FKDQJHRIPDQQHUVRUDQDOWHUDWLRQRIODQJXDJH0\NLQJGRP
LVERXQGHGRQO\E\WKHZRUOGIRU,DPQRWDQ,WDOLDQRUD
)UHQFKPDQRUD+LQGXRUDQ$PHULFDQRUD6SDQLDUG,DP
DFRVPRSROLWH1RFRXQWU\FDQVD\LWVDZP\ELUWK*RGDORQH
NQRZVZKDWFRXQWU\ZLOOVHHPHGLH,DGRSWDOOFXVWRPV
VSHDNDOOODQJXDJHV<RXEHOLHYHPHWREHD)UHQFKPDQIRU,
VSHDN)UHQFKZLWKWKHVDPHIDFLOLW\DQGSXULW\DV\RXUVHOI
:HOO$OLP\1XELDQEHOLHYHVPHWREHDQ$UDE%HUWXFFLR
P\VWHZDUGWDNHVPHIRUD5RPDQ+DLGHHP\VODYHWKLQNV
PHD*UHHN<RXPD\WKHUHIRUHFRPSUHKHQGWKDWEHLQJRIQR
FRXQWU\DVNLQJQRSURWHFWLRQIURPDQ\JRYHUQPHQW
DFNQRZOHGJLQJQRPDQDVP\EURWKHUQRWRQHRIWKHVFUXSOHV
WKDWDUUHVWWKHSRZHUIXORUWKHREVWDFOHVZKLFKSDUDO\]H
WKHZHDNSDUDO\]HVRUDUUHVWVPH,KDYHRQO\WZR
DGYHUVDULHV,ZLOOQRWVD\WZRFRQTXHURUVIRUZLWK
SHUVHYHUDQFH,VXEGXHHYHQWKHPWKH\DUHWLPHDQG
GLVWDQFH7KHUHLVDWKLUGDQGWKHPRVWWHUULEOHWKDWLV
P\FRQGLWLRQDVDPRUWDOEHLQJ7KLVDORQHFDQVWRSPHLQP\
RQZDUGFDUHHUEHIRUH,KDYHDWWDLQHGWKHJRDODWZKLFK,
DLPIRUDOOWKHUHVW,KDYHUHGXFHGWRPDWKHPDWLFDOWHUPV
:KDWPHQFDOOWKHFKDQFHVRIIDWHQDPHO\UXLQFKDQJH
FLUFXPVWDQFHV,KDYHIXOO\DQWLFLSDWHGDQGLIDQ\RI
WKHVHVKRXOGRYHUWDNHPH\HWLWZLOOQRWRYHUZKHOPPH
8QOHVV,GLH,VKDOODOZD\VEHZKDW,DPDQGWKHUHIRUHLW
LVWKDW,XWWHUWKHWKLQJV\RXKDYHQHYHUKHDUGHYHQIURP
WKHPRXWKVRINLQJVIRUNLQJVKDYHQHHGDQGRWKHU
SHUVRQVKDYHIHDURI\RX)RUZKRLVWKHUHZKRGRHVQRWVD\

620

WRKLPVHOILQDVRFLHW\DVLQFRQJUXRXVO\RUJDQL]HGDVRXUV
C3HUKDSVVRPHGD\,VKDOOKDYHWRGRZLWKWKHNLQJ
V
DWWRUQH\
"
%XWFDQ\RXQRWVD\WKDWVLU"7KHPRPHQW\RXEHFRPHDQ
LQKDELWDQWRI)UDQFH\RXDUHQDWXUDOO\VXEMHFWHGWRWKH
)UHQFKODZ
,NQRZLWVLUUHSOLHG0RQWH&ULVWREXWZKHQ,YLVLWD
FRXQWU\,EHJLQWRVWXG\E\DOOWKHPHDQVZKLFKDUH
DYDLODEOHWKHPHQIURPZKRP,PD\KDYHDQ\WKLQJWRKRSHRU
WRIHDUWLOO,NQRZWKHPDVZHOODVSHUKDSVEHWWHUWKDQ
WKH\NQRZWKHPVHOYHV,WIROORZVIURPWKLVWKDWWKHNLQJ
V
DWWRUQH\EHKHZKRKHPD\ZLWKZKRP,VKRXOGKDYHWRGHDO
ZRXOGDVVXUHGO\EHPRUHHPEDUUDVVHGWKDQ,VKRXOG
7KDWLVWRVD\UHSOLHG9LOOHIRUWZLWKKHVLWDWLRQWKDW
KXPDQQDWXUHEHLQJZHDNHYHU\PDQDFFRUGLQJWR\RXUFUHHG
KDVFRPPLWWHGIDXOWV
)DXOWVRUFULPHVUHVSRQGHG0RQWH&ULVWRZLWKDQHJOLJHQW
DLU
$QGWKDW\RXDORQHDPRQJVWWKHPHQZKRP\RXGRQRW
UHFRJQL]HDV\RXUEURWKHUVIRU\RXKDYHVDLGVR
REVHUYHG9LOOHIRUWLQDWRQHWKDWIDOWHUHGVRPHZKDW\RX
DORQHDUHSHUIHFW
1RQRWSHUIHFWZDVWKHFRXQW
VUHSO\RQO\
LPSHQHWUDEOHWKDW
VDOO%XWOHWXVOHDYHRIIWKLVVWUDLQ
VLULIWKHWRQHRILWLVGLVSOHDVLQJWR\RX,DPQRPRUH
GLVWXUEHGE\\RXUMXVWLFHWKDQDUH\RXE\P\VHFRQGVLJKW
1RQRE\QRPHDQVVDLG9LOOHIRUWZKRZDVDIUDLGRI
VHHPLQJWRDEDQGRQKLVJURXQG1RE\\RXUEULOOLDQWDQG
DOPRVWVXEOLPHFRQYHUVDWLRQ\RXKDYHHOHYDWHGPHDERYHWKH
RUGLQDU\OHYHOZHQRORQJHUWDONZHULVHWRGLVVHUWDWLRQ
%XW\RXNQRZKRZWKHWKHRORJLDQVLQWKHLUFROOHJLDWHFKDLUV
DQGSKLORVRSKHUVLQWKHLUFRQWURYHUVLHVRFFDVLRQDOO\VD\
FUXHOWUXWKVOHWXVVXSSRVHIRUWKHPRPHQWWKDWZHDUH
WKHRORJL]LQJLQDVRFLDOZD\RUHYHQSKLORVRSKLFDOO\DQG,
ZLOOVD\WR\RXUXGHDVLWPD\VHHPC0\EURWKHU\RX
VDFULILFHJUHDWO\WRSULGH\RXPD\EHDERYHRWKHUVEXW
DERYH\RXWKHUHLV*RG


621

$ERYHXVDOOVLUZDV0RQWH&ULVWR
VUHVSRQVHLQDWRQH
DQGZLWKDQHPSKDVLVVRGHHSWKDW9LOOHIRUWLQYROXQWDULO\
VKXGGHUHG,KDYHP\SULGHIRUPHQVHUSHQWVDOZD\VUHDG\
WRWKUHDWHQHYHU\RQHZKRZRXOGSDVVZLWKRXWFUXVKLQJWKHP
XQGHUIRRW%XW,OD\DVLGHWKDWSULGHEHIRUH*RGZKRKDV
WDNHQPHIURPQRWKLQJWRPDNHPHZKDW,DP
7KHQFRXQW,DGPLUH\RXVDLG9LOOHIRUWZKRIRUWKH
ILUVWWLPHLQWKLVVWUDQJHFRQYHUVDWLRQXVHGWKH
DULVWRFUDWLFIRUPWRWKHXQNQRZQSHUVRQDJHZKRPXQWLOQRZ
KHKDGRQO\FDOOHGPRQVLHXU<HVDQG,VD\WR\RXLI\RX
DUHUHDOO\VWURQJUHDOO\VXSHULRUUHDOO\SLRXVRU
LPSHQHWUDEOHZKLFK\RXZHUHULJKWLQVD\LQJDPRXQWVWRWKH
VDPHWKLQJWKHQEHSURXGVLUIRUWKDWLVWKH
FKDUDFWHULVWLFRISUHGRPLQDQFH<HW\RXKDYHXQTXHVWLRQDEO\
VRPHDPELWLRQ
,KDYHVLU
$QGZKDWPD\LWEH"
,WRRDVKDSSHQVWRHYHU\PDQRQFHLQKLVOLIHKDYHEHHQ
WDNHQE\6DWDQLQWRWKHKLJKHVWPRXQWDLQLQWKHHDUWKDQG
ZKHQWKHUHKHVKRZHGPHDOOWKHNLQJGRPVRIWKHZRUOGDQG
DVKHVDLGEHIRUHVRVDLGKHWRPHC&KLOGRIHDUWKZKDW
ZRXOGVWWKRXKDYHWRPDNHWKHHDGRUHPH"
,UHIOHFWHGORQJ
IRUDJQDZLQJDPELWLRQKDGORQJSUH\HGXSRQPHDQGWKHQ,
UHSOLHGC/LVWHQ,KDYHDOZD\VKHDUGRISURYLGHQFHDQG
\HW,KDYHQHYHUVHHQKLPRUDQ\WKLQJWKDWUHVHPEOHVKLP
RUZKLFKFDQPDNHPHEHOLHYHWKDWKHH[LVWV,ZLVKWREH
SURYLGHQFHP\VHOIIRU,IHHOWKDWWKHPRVWEHDXWLIXO
QREOHVWPRVWVXEOLPHWKLQJLQWKHZRUOGLVWRUHFRPSHQVH
DQGSXQLVK
6DWDQERZHGKLVKHDGDQGJURDQHGC<RX
PLVWDNH
KHVDLGCSURYLGHQFHGRHVH[LVWRQO\\RXKDYH
QHYHUVHHQKLPEHFDXVHWKHFKLOGRI*RGLVDVLQYLVLEOHDV
WKHSDUHQW<RXKDYHVHHQQRWKLQJWKDWUHVHPEOHVKLP
EHFDXVHKHZRUNVE\VHFUHWVSULQJVDQGPRYHVE\KLGGHQ
ZD\V$OO,FDQGRIRU\RXLVWRPDNH\RXRQHRIWKHDJHQWV
RIWKDWSURYLGHQFH
7KHEDUJDLQZDVFRQFOXGHG,PD\
VDFULILFHP\VRXOEXWZKDWPDWWHUVLW"DGGHG0RQWH&ULVWR
,IWKHWKLQJZHUHWRGRDJDLQ,ZRXOGDJDLQGRLW
9LOOHIRUWORRNHGDW0RQWH&ULVWRZLWKH[WUHPHDPD]HPHQW
&RXQWKHLQTXLUHGKDYH\RXDQ\UHODWLRQV"

622

1RVLU,DPDORQHLQWKHZRUOG
6RPXFKWKHZRUVH
:K\"DVNHG0RQWH&ULVWR
%HFDXVHWKHQ\RXPLJKWZLWQHVVDVSHFWDFOHFDOFXODWHGWR
EUHDNGRZQ\RXUSULGH<RXVD\\RXIHDUQRWKLQJEXWGHDWK"
,GLGQRWVD\WKDW,IHDUHGLW,RQO\VDLGWKDWGHDWK
DORQHFRXOGFKHFNWKHH[HFXWLRQRIP\SODQV
$QGROGDJH"
0\HQGZLOOEHDFKLHYHGEHIRUH,JURZROG
$QGPDGQHVV"
,KDYHEHHQQHDUO\PDGDQG\RXNQRZWKHD[LRPQRQELV
LQLGHP,WLVDQD[LRPRIFULPLQDOODZDQGFRQVHTXHQWO\
\RXXQGHUVWDQGLWVIXOODSSOLFDWLRQ
6LUFRQWLQXHG9LOOHIRUWWKHUHLVVRPHWKLQJWRIHDU
EHVLGHVGHDWKROGDJHDQGPDGQHVV)RULQVWDQFHWKHUHLV
DSRSOH[\WKDWOLJKWQLQJVWURNHZKLFKVWULNHVEXWGRHVQRW
GHVWUR\\RXDQG\HWZKLFKEULQJVHYHU\WKLQJWRDQHQG<RX
DUHVWLOO\RXUVHOIDVQRZDQG\HW\RXDUH\RXUVHOIQR
ORQJHU\RXZKROLNH$ULHOYHUJHRQWKHDQJHOLFDUHEXW
DQLQHUWPDVVZKLFKOLNH&DOLEDQYHUJHVRQWKHEUXWDO
DQGWKLVLVFDOOHGLQKXPDQWRQJXHVDV,WHOO\RXQHLWKHU
PRUHQRUOHVVWKDQDSRSOH[\&RPHLIVR\RXZLOOFRXQW
DQGFRQWLQXHWKLVFRQYHUVDWLRQDWP\KRXVHDQ\GD\\RXPD\
EHZLOOLQJWRVHHDQDGYHUVDU\FDSDEOHRIXQGHUVWDQGLQJDQG
DQ[LRXVWRUHIXWH\RXDQG,ZLOOVKRZ\RXP\IDWKHU0
1RLUWLHUGH9LOOHIRUWRQHRIWKHPRVWILHU\-DFRELQVRIWKH
)UHQFK5HYROXWLRQWKDWLVWRVD\KHKDGWKHPRVW
UHPDUNDEOHDXGDFLW\VHFRQGHGE\DPRVWSRZHUIXO
RUJDQL]DWLRQDPDQZKRKDVQRWSHUKDSVOLNH\RXUVHOI
VHHQDOOWKHNLQJGRPVRIWKHHDUWKEXWZKRKDVKHOSHGWR
RYHUWXUQRQHRIWKHJUHDWHVWLQIDFWDPDQZKREHOLHYHG
KLPVHOIOLNH\RXRQHRIWKHHQYR\VQRWRI*RGEXWRID
VXSUHPHEHLQJQRWRISURYLGHQFHEXWRIIDWH:HOOVLU
WKHUXSWXUHRIDEORRGYHVVHORQWKHOREHRIWKHEUDLQKDV

623

GHVWUR\HGDOOWKLVQRWLQDGD\QRWLQDQKRXUEXWLQD
VHFRQG01RLUWLHUZKRRQWKHSUHYLRXVQLJKWZDVWKHROG
-DFRELQWKHROGVHQDWRUWKHROG&DUERQDURODXJKLQJDWWKH
JXLOORWLQHWKHFDQQRQDQGWKHGDJJHU01RLUWLHU
SOD\LQJZLWKUHYROXWLRQV01RLUWLHUIRUZKRP)UDQFHZDV
DYDVWFKHVVERDUGIURPZKLFKSDZQVURRNVNQLJKWVDQG
TXHHQVZHUHWRGLVDSSHDUVRWKDWWKHNLQJZDVFKHFNPDWHG
01RLUWLHUWKHUHGRXEWDEOHZDVWKHQH[WPRUQLQJCSRRU0
1RLUWLHU
WKHKHOSOHVVROGPDQDWWKHWHQGHUPHUFLHVRI
WKHZHDNHVWFUHDWXUHLQWKHKRXVHKROGWKDWLVKLV
JUDQGFKLOG9DOHQWLQHDGXPEDQGIUR]HQFDUFDVVLQIDFW
OLYLQJSDLQOHVVO\RQWKDWWLPHPD\EHJLYHQIRUKLVIUDPH
WRGHFRPSRVHZLWKRXWKLVFRQVFLRXVQHVVRILWVGHFD\
$ODVVLUVDLG0RQWH&ULVWRWKLVVSHFWDFOHLVQHLWKHU
VWUDQJHWRP\H\HQRUP\WKRXJKW,DPVRPHWKLQJRID
SK\VLFLDQDQGKDYHOLNHP\IHOORZVVRXJKWPRUHWKDQRQFH
IRUWKHVRXOLQOLYLQJDQGLQGHDGPDWWHU\HWOLNH
SURYLGHQFHLWKDVUHPDLQHGLQYLVLEOHWRP\H\HVDOWKRXJK
SUHVHQWWRP\KHDUW$KXQGUHGZULWHUVVLQFH6RFUDWHV
6HQHFD6W$XJXVWLQHDQG*DOOKDYHPDGHLQYHUVHDQG
SURVHWKHFRPSDULVRQ\RXKDYHPDGHDQG\HW,FDQZHOO
XQGHUVWDQGWKDWDIDWKHU
VVXIIHULQJVPD\HIIHFWJUHDW
FKDQJHVLQWKHPLQGRIDVRQ,ZLOOFDOORQ\RXVLUVLQFH
\RXELGPHFRQWHPSODWHIRUWKHDGYDQWDJHRIP\SULGHWKLV
WHUULEOHVSHFWDFOHZKLFKPXVWKDYHEHHQVRJUHDWDVRXUFH
RIVRUURZWR\RXUIDPLO\
,WZRXOGKDYHEHHQVRXQTXHVWLRQDEO\KDGQRW*RGJLYHQPH
VRODUJHDFRPSHQVDWLRQ,QFRQWUDVWZLWKWKHROGPDQZKR
LVGUDJJLQJKLVZD\WRWKHWRPEDUHWZRFKLOGUHQMXVW
HQWHULQJLQWROLIH9DOHQWLQHWKHGDXJKWHUE\P\ILUVW
ZLIH0DGHPRLVHOOH5HQHHGH6DLQW0HUDQDQG(GZDUGWKH
ER\ZKRVHOLIH\RXKDYHWKLVGD\VDYHG
$QGZKDWLV\RXUGHGXFWLRQIURPWKLVFRPSHQVDWLRQVLU"
LQTXLUHG0RQWH&ULVWR
0\GHGXFWLRQLVUHSOLHG9LOOHIRUWWKDWP\IDWKHUOHG
DZD\E\KLVSDVVLRQVKDVFRPPLWWHGVRPHIDXOWXQNQRZQWR
KXPDQMXVWLFHEXWPDUNHGE\WKHMXVWLFHRI*RG7KDW*RG
GHVLURXVLQKLVPHUF\WRSXQLVKEXWRQHSHUVRQKDVYLVLWHG
WKLVMXVWLFHRQKLPDORQH0RQWH&ULVWRZLWKDVPLOHRQKLV
OLSVXWWHUHGLQWKHGHSWKVRIKLVVRXODJURDQZKLFKZRXOG

624

KDYHPDGH9LOOHIRUWIO\KDGKHEXWKHDUGLW$GLHXVLU
VDLGWKHPDJLVWUDWHZKRKDGULVHQIURPKLVVHDW,OHDYH
\RXEHDULQJDUHPHPEUDQFHRI\RXDUHPHPEUDQFHRI
HVWHHPZKLFK,KRSHZLOOQRWEHGLVDJUHHDEOHWR\RXZKHQ
\RXNQRZPHEHWWHUIRU,DPQRWDPDQWRERUHP\IULHQGV
DV\RXZLOOOHDUQ%HVLGHV\RXKDYHPDGHDQHWHUQDOIULHQG
RI0DGDPHGH9LOOHIRUW7KHFRXQWERZHGDQGFRQWHQWHG
KLPVHOIZLWKVHHLQJ9LOOHIRUWWRWKHGRRURIKLVFDELQHW
WKHSURFXUHXUEHLQJHVFRUWHGWRKLVFDUULDJHE\WZRIRRWPHQ
ZKRRQDVLJQDOIURPWKHLUPDVWHUIROORZHGKLPZLWKHYHU\
PDUNRIDWWHQWLRQ:KHQKHKDGJRQH0RQWH&ULVWREUHDWKHGD
SURIRXQGVLJKDQGVDLG(QRXJKRIWKLVSRLVRQOHWPH
QRZVHHNWKHDQWLGRWH7KHQVRXQGLQJKLVEHOOKHVDLGWR
$OLZKRHQWHUHG,DPJRLQJWRPDGDP
VFKDPEHUKDYHWKH
FDUULDJHUHDG\DWRQHR
FORFN

&KDSWHU
+DLGHH
,WZLOOEHUHFROOHFWHGWKDWWKHQHZRUUDWKHUROG
DFTXDLQWDQFHVRIWKH&RXQWRI0RQWH&ULVWRUHVLGLQJLQWKH
5XH0HVOD\ZHUHQRRWKHUWKDQ0D[LPLOLDQ-XOLHDQG
(PPDQXHO7KHYHU\DQWLFLSDWLRQVRIGHOLJKWWREHHQMR\HGLQ
KLVIRUWKFRPLQJYLVLWVWKHEULJKWSXUHJOHDPRIKHDYHQO\
KDSSLQHVVLWGLIIXVHGRYHUWKHDOPRVWGHDGO\ZDUIDUHLQ
ZKLFKKHKDGYROXQWDULO\HQJDJHGLOOXPLQHGKLVZKROH
FRXQWHQDQFHZLWKDORRNRILQHIIDEOHMR\DQGFDOPQHVVDV
LPPHGLDWHO\DIWHU9LOOHIRUW
VGHSDUWXUHKLVWKRXJKWVIOHZ
EDFNWRWKHFKHHULQJSURVSHFWEHIRUHKLPRIWDVWLQJDW
OHDVWDEULHIUHVSLWHIURPWKHILHUFHDQGVWRUP\SDVVLRQV
RIKLVPLQG(YHQ$OLZKRKDGKDVWHQHGWRREH\WKH&RXQW
V
VXPPRQVZHQWIRUWKIURPKLVPDVWHU
VSUHVHQFHLQFKDUPHG
DPD]HPHQWDWWKHXQXVXDODQLPDWLRQDQGSOHDVXUHGHSLFWHGRQ
IHDWXUHVRUGLQDULO\VRVWHUQDQGFROGZKLOHDVWKRXJK
GUHDGLQJWRSXWWRIOLJKWWKHDJUHHDEOHLGHDVKRYHULQJRYHU
KLVSDWURQ
VPHGLWDWLRQVZKDWHYHUWKH\ZHUHWKHIDLWKIXO
1XELDQZDONHGRQWLSWRHWRZDUGVWKHGRRUKROGLQJKLV
EUHDWKOHVWLWVIDLQWHVWVRXQGVKRXOGGLVVLSDWHKLV
PDVWHU
VKDSS\UHYHULH
,WZDVQRRQDQG0RQWH&ULVWRKDGVHWDSDUWRQHKRXUWREH
SDVVHGLQWKHDSDUWPHQWVRI+DLGHHDVWKRXJKKLVRSSUHVVHG

625

VSLULWFRXOGQRWDOODWRQFHDGPLWWKHIHHOLQJRISXUHDQG
XQPL[HGMR\EXWUHTXLUHGDJUDGXDOVXFFHVVLRQRIFDOPDQG
JHQWOHHPRWLRQVWRSUHSDUHKLVPLQGWRUHFHLYHIXOODQG
SHUIHFWKDSSLQHVVLQWKHVDPHPDQQHUDVRUGLQDU\QDWXUHV
GHPDQGWREHLQXUHGE\GHJUHHVWRWKHUHFHSWLRQRIVWURQJRU
YLROHQWVHQVDWLRQV7KH\RXQJ*UHHNDVZHKDYHDOUHDG\
VDLGRFFXSLHGDSDUWPHQWVZKROO\XQFRQQHFWHGZLWKWKRVHRI
WKHFRXQW7KHURRPVKDGEHHQILWWHGXSLQVWULFWDFFRUGDQFH
ZLWK2ULHQWDOLGHDVWKHIORRUVZHUHFRYHUHGZLWKWKH
ULFKHVWFDUSHWV7XUNH\FRXOGSURGXFHWKHZDOOVKXQJZLWK
EURFDGHGVLONRIWKHPRVWPDJQLILFHQWGHVLJQVDQGWH[WXUH
ZKLOHDURXQGHDFKFKDPEHUOX[XULRXVGLYDQVZHUHSODFHGZLWK
SLOHVRIVRIWDQG\LHOGLQJFXVKLRQVWKDWQHHGHGRQO\WREH
DUUDQJHGDWWKHSOHDVXUHRUFRQYHQLHQFHRIVXFKDVVRXJKW
UHSRVH+DLGHHDQGWKUHH)UHQFKPDLGVDQGRQHZKRZDVD
*UHHN7KHILUVWWKUHHUHPDLQHGFRQVWDQWO\LQDVPDOO
ZDLWLQJURRPUHDG\WRREH\WKHVXPPRQVRIDVPDOOJROGHQ
EHOORUWRUHFHLYHWKHRUGHUVRIWKH5RPDLFVODYHZKRNQHZ
MXVWHQRXJK)UHQFKWREHDEOHWRWUDQVPLWKHUPLVWUHVV
V
ZLVKHVWRWKHWKUHHRWKHUZDLWLQJZRPHQWKHODWWHUKDG
UHFHLYHGPRVWSHUHPSWRU\LQVWUXFWLRQVIURP0RQWH&ULVWRWR
WUHDW+DLGHHZLWKDOOWKHGHIHUHQFHWKH\ZRXOGREVHUYHWRD
TXHHQ
7KH\RXQJJLUOKHUVHOIJHQHUDOO\SDVVHGKHUWLPHLQWKH
FKDPEHUDWWKHIDUWKHUHQGRIKHUDSDUWPHQWV7KLVZDVD
VRUWRIERXGRLUFLUFXODUDQGOLJKWHGRQO\IURPWKHURRI
ZKLFKFRQVLVWHGRIURVHFRORUHGJODVV+DLGHHZDVUHFOLQLQJ
XSRQVRIWGRZQ\FXVKLRQVFRYHUHGZLWKEOXHVDWLQVSRWWHG
ZLWKVLOYHUKHUKHDGVXSSRUWHGE\RQHRIKHUH[TXLVLWHO\
PRXOGHGDUPVUHVWHGRQWKHGLYDQLPPHGLDWHO\EHKLQGKHU
ZKLOHWKHRWKHUZDVHPSOR\HGLQDGMXVWLQJWRKHUOLSVWKH
FRUDOWXEHRIDULFKQDUJKLOHWKURXJKZKRVHIOH[LEOHSLSH
VKHGUHZWKHVPRNHIUDJUDQWE\LWVSDVVDJHWKURXJKSHUIXPHG
ZDWHU+HUDWWLWXGHWKRXJKSHUIHFWO\QDWXUDOIRUDQ(DVWHUQ
ZRPDQZRXOGLQD(XURSHDQKDYHEHHQGHHPHGWRRIXOORI
FRTXHWWLVKVWUDLQLQJDIWHUHIIHFW+HUGUHVVZKLFKZDVWKDW
RIWKHZRPHQRI(SLUXVFRQVLVWHGRIDSDLURIZKLWHVDWLQ
WURXVHUVHPEURLGHUHGZLWKSLQNURVHVGLVSOD\LQJIHHWVR
H[TXLVLWHO\IRUPHGDQGVRGHOLFDWHO\IDLUWKDWWKH\PLJKW
ZHOOKDYHEHHQWDNHQIRU3DULDQPDUEOHKDGQRWWKHH\HEHHQ
XQGHFHLYHGE\WKHLUPRYHPHQWVDVWKH\FRQVWDQWO\VKLIWHGLQ
DQGRXWRIDSDLURIOLWWOHVOLSSHUVZLWKXSWXUQHGWRHV
EHDXWLIXOO\RUQDPHQWHGZLWKJROGDQGSHDUOV6KHZRUHDEOXH

626

DQGZKLWHVWULSHGYHVWZLWKORQJRSHQVOHHYHVWULPPHGZLWK
VLOYHUORRSVDQGEXWWRQVRISHDUOVDQGDVRUWRIERGLFH
ZKLFKFORVLQJRQO\IURPWKHFHQWUHWRWKHZDLVWH[KLELWHG
WKHZKROHRIWKHLYRU\WKURDWDQGXSSHUSDUWRIWKHERVRP
LWZDVIDVWHQHGZLWKWKUHHPDJQLILFHQWGLDPRQGFODVSV7KH
MXQFWLRQRIWKHERGLFHDQGGUDZHUVZDVHQWLUHO\FRQFHDOHGE\
RQHRIWKHPDQ\FRORUHGVFDUIVZKRVHEULOOLDQWKXHVDQG
ULFKVLONHQIULQJHKDYHUHQGHUHGWKHPVRSUHFLRXVLQWKH
H\HVRI3DULVLDQEHOOHV7LOWHGRQRQHVLGHRIKHUKHDGVKH
KDGDVPDOOFDSRIJROGFRORUHGVLONHPEURLGHUHGZLWK
SHDUOVZKLOHRQWKHRWKHUDSXUSOHURVHPLQJOHGLWVJORZLQJ
FRORUVZLWKWKHOX[XULDQWPDVVHVRIKHUKDLURIZKLFKWKH
EODFNQHVVZDVVRLQWHQVHWKDWLWZDVWLQJHGZLWKEOXH7KH
H[WUHPHEHDXW\RIWKHFRXQWHQDQFHWKDWVKRQHIRUWKLQ
ORYHOLQHVVWKDWPRFNHGWKHYDLQDWWHPSWVRIGUHVVWRDXJPHQW
LWZDVSHFXOLDUO\DQGSXUHO\*UHFLDQWKHUHZHUHWKHODUJH
GDUNPHOWLQJH\HVWKHILQHO\IRUPHGQRVHWKHFRUDOOLSV
DQGSHDUO\WHHWKWKDWEHORQJHGWRKHUUDFHDQGFRXQWU\
$QGWRFRPSOHWHWKHZKROH+DLGHHZDVLQWKHYHU\
VSULQJWLGHDQGIXOQHVVRI\RXWKIXOFKDUPVVKHKDGQRW\HW
QXPEHUHGPRUHWKDQWZHQW\VXPPHUV
0RQWH&ULVWRVXPPRQHGWKH*UHHNDWWHQGDQWDQGEDGHKHU
LQTXLUHZKHWKHULWZRXOGEHDJUHHDEOHWRKHUPLVWUHVVWR
UHFHLYHKLVYLVLW+DLGHH
VRQO\UHSO\ZDVWRGLUHFWKHU
VHUYDQWE\DVLJQWRZLWKGUDZWKHWDSHVWULHGFXUWDLQWKDW
KXQJEHIRUHWKHGRRURIKHUERXGRLUWKHIUDPHZRUNRIWKH
RSHQLQJWKXVPDGHVHUYLQJDVDVRUWRIERUGHUWRWKH
JUDFHIXOWDEOHDXSUHVHQWHGE\WKH\RXQJJLUO
VSLFWXUHVTXH
DWWLWXGHDQGDSSHDUDQFH$V0RQWH&ULVWRDSSURDFKHGVKH
OHDQHGXSRQWKHHOERZRIWKHDUPWKDWKHOGWKHQDUJKLOHDQG
H[WHQGLQJWRKLPKHURWKHUKDQGVDLGZLWKDVPLOHRI
FDSWLYDWLQJVZHHWQHVVLQWKHVRQRURXVODQJXDJHVSRNHQE\
WKHZRPHQRI$WKHQVDQG6SDUWD:K\GHPDQGSHUPLVVLRQHUH
\RXHQWHU"$UH\RXQRORQJHUP\PDVWHURUKDYH,FHDVHGWR
EH\RXUVODYH"0RQWH&ULVWRUHWXUQHGKHUVPLOH+DLGHH
VDLGKH\RXZHOONQRZ
:K\GR\RXDGGUHVVPHVRFROGO\VRGLVWDQWO\"DVNHGWKH
\RXQJ*UHHN+DYH,E\DQ\PHDQVGLVSOHDVHG\RX"2KLIVR
SXQLVKPHDV\RXZLOOEXWGRQRWGRQRWVSHDNWRPHLQ
WRQHVDQGPDQQHUVRIRUPDODQGFRQVWUDLQHG
+DLGHHUHSOLHGWKHFRXQW\RXNQRZWKDW\RXDUHQRZLQ

627

)UDQFHDQGDUHIUHH
)UHHWRGRZKDW"DVNHGWKH\RXQJJLUO
)UHHWROHDYHPH
/HDYH\RX":K\VKRXOG,OHDYH\RX"
7KDWLVQRWIRUPHWRVD\EXWZHDUHQRZDERXWWRPL[LQ
VRFLHW\WRYLVLWDQGEHYLVLWHG
,GRQ
WZLVKWRVHHDQ\ERG\EXW\RX
$QGVKRXOG\RXVHHRQHZKRP\RXFRXOGSUHIHU,ZRXOGQRW
EHVRXQMXVW
,KDYHQHYHUVHHQDQ\RQH,SUHIHUUHGWR\RXDQG,KDYH
QHYHUORYHGDQ\RQHEXW\RXDQGP\IDWKHU
0\SRRUFKLOGUHSOLHG0RQWH&ULVWRWKDWLVPHUHO\
EHFDXVH\RXUIDWKHUDQGP\VHOIDUHWKHRQO\PHQZKRKDYH
HYHUWDONHGWR\RX
,GRQ
WZDQWDQ\ERG\HOVHWRWDONWRPH0\IDWKHUVDLG,
ZDVKLVCMR\
\RXVW\OHPH\RXUCORYH
DQGERWKRI
\RXKDYHFDOOHGPHCP\FKLOG

'R\RXUHPHPEHU\RXUIDWKHU+DLGHH"7KH\RXQJ*UHHN
VPLOHG+HLVKHUHDQGKHUHVDLGVKHWRXFKLQJKHUH\HV
DQGKHUKHDUW$QGZKHUHDP,"LQTXLUHG0RQWH&ULVWR
ODXJKLQJO\
<RX"FULHGVKHZLWKWRQHVRIWKULOOLQJWHQGHUQHVV\RX
DUHHYHU\ZKHUH0RQWH&ULVWRWRRNWKHGHOLFDWHKDQGRIWKH
\RXQJJLUOLQKLVDQGZDVDERXWWRUDLVHLWWRKLVOLSV
ZKHQWKHVLPSOHFKLOGRIQDWXUHKDVWLO\ZLWKGUHZLWDQG
SUHVHQWHGKHUFKHHN<RXQRZXQGHUVWDQG+DLGHHVDLGWKH
FRXQWWKDWIURPWKLVPRPHQW\RXDUHDEVROXWHO\IUHHWKDW
KHUH\RXH[HUFLVHXQOLPLWHGVZD\DQGDUHDWOLEHUW\WROD\
DVLGHRUFRQWLQXHWKHFRVWXPHRI\RXUFRXQWU\DVLWPD\
VXLW\RXULQFOLQDWLRQ:LWKLQWKLVPDQVLRQ\RXDUHDEVROXWH
PLVWUHVVRI\RXUDFWLRQVDQGPD\JRDEURDGRUUHPDLQLQ
\RXUDSDUWPHQWVDVPD\VHHPPRVWDJUHHDEOHWR\RX$
FDUULDJHZDLWV\RXURUGHUVDQG$OLDQG0\UWKRZLOO

628

DFFRPSDQ\\RXZKLWKHUVRHYHU\RXGHVLUHWRJR7KHUHLVEXW
RQHIDYRU,ZRXOGHQWUHDWRI\RX
6SHDN
*XDUGFDUHIXOO\WKHVHFUHWRI\RXUELUWK0DNHQRDOOXVLRQ
WRWKHSDVWQRUXSRQDQ\RFFDVLRQEHLQGXFHGWRSURQRXQFH
WKHQDPHVRI\RXULOOXVWULRXVIDWKHURULOOIDWHGPRWKHU
,KDYHDOUHDG\WROG\RXP\ORUGWKDW,VKDOOVHHQRRQH
,WLVSRVVLEOH+DLGHHWKDWVRSHUIHFWDVHFOXVLRQWKRXJK
FRQIRUPDEOHZLWKWKHKDELWVDQGFXVWRPVRIWKH(DVWPD\QRW
EHSUDFWLFDEOHLQ3DULV(QGHDYRUWKHQWRDFFXVWRP
\RXUVHOIWRRXUPDQQHURIOLYLQJLQWKHVHQRUWKHUQFOLPHVDV
\RXGLGWRWKRVHRI5RPH)ORUHQFH0LODQDQG0DGULGLW
PD\EHXVHIXOWR\RXRQHRIWKHVHGD\VZKHWKHU\RXUHPDLQ
KHUHRUUHWXUQWRWKH(DVW7KH\RXQJJLUOUDLVHGKHU
WHDUIXOH\HVWRZDUGV0RQWH&ULVWRDVVKHVDLGZLWKWRXFKLQJ
HDUQHVWQHVV:KHWKHUZHUHWXUQWRWKH(DVW\RXPHDQWR
VD\P\ORUGGR\RXQRW"
0\FKLOGUHWXUQHG0RQWH&ULVWR\RXNQRZIXOOZHOOWKDW
ZKHQHYHUZHSDUWLWZLOOEHQRIDXOWRUZLVKRIPLQHWKH
WUHHIRUVDNHVQRWWKHIORZHUWKHIORZHUIDOOVIURPWKH
WUHH
0\ORUGUHSOLHG+DLGHH,QHYHUZLOOOHDYH\RXIRU,DP
VXUH,FRXOGQRWH[LVWZLWKRXW\RX
0\SRRUJLUOLQWHQ\HDUV,VKDOOEHROGDQG\RXZLOOEH
VWLOO\RXQJ
0\IDWKHUKDGDORQJZKLWHEHDUGEXW,ORYHGKLPKHZDV
VL[W\\HDUVROGEXWWRPHKHZDVKDQGVRPHUWKDQDOOWKH
ILQH\RXWKV,VDZ
7KHQWHOOPH+DLGHHGR\RXEHOLHYH\RXVKDOOEHDEOHWR
DFFXVWRP\RXUVHOIWRRXUSUHVHQWPRGHRIOLIH"
6KDOO,VHH\RX"
(YHU\GD\

629

7KHQZKDWGR\RXIHDUP\ORUG"
<RXPLJKWILQGLWGXOO
1RP\ORUG,QWKHPRUQLQJ,VKDOOUHMRLFHLQWKH
SURVSHFWRI\RXUFRPLQJDQGLQWKHHYHQLQJGZHOOZLWK
GHOLJKWRQWKHKDSSLQHVV,KDYHHQMR\HGLQ\RXUSUHVHQFH
WKHQWRRZKHQDORQH,FDQFDOOIRUWKPLJKW\SLFWXUHVRI
WKHSDVWVHHYDVWKRUL]RQVERXQGHGRQO\E\WKHWRZHULQJ
PRXQWDLQVRI3LQGXVDQG2O\PSXV2KEHOLHYHPHWKDWZKHQ
WKUHHJUHDWSDVVLRQVVXFKDVVRUURZORYHDQGJUDWLWXGH
ILOOWKHKHDUWHQQXLFDQILQGQRSODFH
<RXDUHDZRUWK\GDXJKWHURI(SLUXV+DLGHHDQG\RXU
FKDUPLQJDQGSRHWLFDOLGHDVSURYHZHOO\RXUGHVFHQWIURP
WKDWUDFHRIJRGGHVVHVZKRFODLP\RXUFRXQWU\DVWKHLU
ELUWKSODFH'HSHQGRQP\FDUHWRVHHWKDW\RXU\RXWKLVQRW
EOLJKWHGRUVXIIHUHGWRSDVVDZD\LQXQJHQLDOVROLWXGHDQG
RIWKLVEHZHOODVVXUHGWKDWLI\RXORYHPHDVDIDWKHU,
ORYH\RXDVDFKLOG
<RXDUHZURQJP\ORUG7KHORYH,KDYHIRU\RXLVYHU\
GLIIHUHQWIURPWKHORYH,KDGIRUP\IDWKHU0\IDWKHUGLHG
EXW,GLGQRWGLH,I\RXZHUHWRGLH,VKRXOGGLHWRR
7KH&RXQWZLWKDVPLOHRISURIRXQGWHQGHUQHVVH[WHQGHGKLV
KDQGDQGVKHFDUULHGLWWRKHUOLSV0RQWH&ULVWRWKXV
DWWXQHGWRWKHLQWHUYLHZKHSURSRVHGWRKROGZLWK0RUUHODQG
KLVIDPLO\GHSDUWHGPXUPXULQJDVKHZHQWWKHVHOLQHVRI
3LQGDU<RXWKLVDIORZHURIZKLFKORYHLVWKHIUXLWKDSS\
LVKHZKRDIWHUKDYLQJZDWFKHGLWVVLOHQWJURZWKLV
SHUPLWWHGWRJDWKHUDQGFDOOLWKLVRZQ7KHFDUULDJHZDV
SUHSDUHGDFFRUGLQJWRRUGHUVDQGVWHSSLQJOLJKWO\LQWRLW
WKHFRXQWGURYHRIIDWKLVXVXDOUDSLGSDFH

&KDSWHU
7KH0RUUHO)DPLO\
,QDYHU\IHZPLQXWHVWKHFRXQWUHDFKHG1RLQWKH5XH
0HVOD\7KHKRXVHZDVRIZKLWHVWRQHDQGLQDVPDOOFRXUW
EHIRUHLWZHUHWZRVPDOOEHGVIXOORIEHDXWLIXOIORZHUV,Q
WKHFRQFLHUJHWKDWRSHQHGWKHJDWHWKHFRXQWUHFRJQL]HG
&RFOHVEXWDVKHKDGEXWRQHH\HDQGWKDWH\HKDGEHFRPH

630

VRPHZKDWGLPLQWKHFRXUVHRIQLQH\HDUV&RFOHVGLGQRW
UHFRJQL]HWKHFRXQW7KHFDUULDJHVWKDWGURYHXSWRWKHGRRU
ZHUHFRPSHOOHGWRWXUQWRDYRLGDIRXQWDLQWKDWSOD\HGLQD
EDVLQRIURFNZRUNDQRUQDPHQWWKDWKDGH[FLWHGWKH
MHDORXV\RIWKHZKROHTXDUWHUDQGKDGJDLQHGIRUWKHSODFH
WKHDSSHOODWLRQRI7KH/LWWOH9HUVDLOOHV,WLVQHHGOHVV
WRDGGWKDWWKHUHZHUHJROGDQGVLOYHUILVKLQWKHEDVLQ
7KHKRXVHZLWKNLWFKHQVDQGFHOODUVEHORZKDGDERYHWKH
JURXQGIORRUWZRVWRULHVDQGDWWLFV7KHZKROHRIWKH
SURSHUW\FRQVLVWLQJRIDQLPPHQVHZRUNVKRSWZRSDYLOLRQV
DWWKHERWWRPRIWKHJDUGHQDQGWKHJDUGHQLWVHOIKDGEHHQ
SXUFKDVHGE\(PPDQXHOZKRKDGVHHQDWDJODQFHWKDWKH
FRXOGPDNHRILWDSURILWDEOHVSHFXODWLRQ+HKDGUHVHUYHG
WKHKRXVHDQGKDOIWKHJDUGHQDQGEXLOGLQJDZDOOEHWZHHQ
WKHJDUGHQDQGWKHZRUNVKRSVKDGOHWWKHPXSRQOHDVHZLWK
WKHSDYLOLRQVDWWKHERWWRPRIWKHJDUGHQ6RWKDWIRUD
WULIOLQJVXPKHZDVDVZHOOORGJHGDQGDVSHUIHFWO\VKXW
RXWIURPREVHUYDWLRQDVWKHLQKDELWDQWVRIWKHILQHVW
PDQVLRQLQWKH)DXERXUJ6W*HUPDLQ7KHEUHDNIDVWURRPZDV
ILQLVKHGLQRDNWKHVDORQLQPDKRJDQ\DQGWKHIXUQLVKLQJV
ZHUHRIEOXHYHOYHWWKHEHGURRPZDVLQFLWURQZRRGDQGJUHHQ
GDPDVN7KHUHZDVDVWXG\IRU(PPDQXHOZKRQHYHUVWXGLHG
DQGDPXVLFURRPIRU-XOLHZKRQHYHUSOD\HG7KHZKROHRI
WKHVHFRQGVWRU\ZDVVHWDSDUWIRU0D[LPLOLDQLWZDV
SUHFLVHO\VLPLODUWRKLVVLVWHU
VDSDUWPHQWVH[FHSWWKDW
IRUWKHEUHDNIDVWSDUORUKHKDGDELOOLDUGURRPZKHUHKH
UHFHLYHGKLVIULHQGV+HZDVVXSHULQWHQGLQJWKHJURRPLQJRI
KLVKRUVHDQGVPRNLQJKLVFLJDUDWWKHHQWUDQFHRIWKH
JDUGHQZKHQWKHFRXQW
VFDUULDJHVWRSSHGDWWKHJDWH
&RFOHVRSHQHGWKHJDWHDQG%DSWLVWLQVSULQJLQJIURPWKH
ER[LQTXLUHGZKHWKHU0RQVLHXUDQG0DGDPH+HUEDXOWDQG
0RQVLHXU0D[LPLOLDQ0RUUHOZRXOGVHHKLVH[FHOOHQF\WKH
&RXQWRI0RQWH&ULVWR7KH&RXQWRI0RQWH&ULVWR"FULHG
0RUUHOWKURZLQJDZD\KLVFLJDUDQGKDVWHQLQJWRWKH
FDUULDJH,VKRXOGWKLQNZHZRXOGVHHKLP$KDWKRXVDQG
WKDQNVFRXQWIRUQRWKDYLQJIRUJRWWHQ\RXUSURPLVH$QG
WKH\RXQJRIILFHUVKRRNWKHFRXQW
VKDQGVRZDUPO\WKDW
0RQWH&ULVWRFRXOGQRWEHPLVWDNHQDVWRWKHVLQFHULW\RI
KLVMR\DQGKHVDZWKDWKHKDGEHHQH[SHFWHGZLWK
LPSDWLHQFHDQGZDVUHFHLYHGZLWKSOHDVXUH&RPHFRPH
VDLG0D[LPLOLDQ,ZLOOVHUYHDV\RXUJXLGHVXFKDPDQDV
\RXDUHRXJKWQRWWREHLQWURGXFHGE\DVHUYDQW0\VLVWHU
LVLQWKHJDUGHQSOXFNLQJWKHGHDGURVHVP\EURWKHULV

631

UHDGLQJKLVWZRSDSHUVWKH3UHVVHDQGWKH'HEDWVZLWKLQ
VL[VWHSVRIKHUIRUZKHUHYHU\RXVHH0DGDPH+HUEDXOW\RX
KDYHRQO\WRORRNZLWKLQDFLUFOHRIIRXU\DUGVDQG\RXZLOO
ILQG0(PPDQXHODQGCUHFLSURFDOO\
DVWKH\VD\DWWKH
3RO\WHFKQLF6FKRRO$WWKHVRXQGRIWKHLUVWHSVD\RXQJ
ZRPDQRIWZHQW\WRILYHDQGWZHQW\GUHVVHGLQDVLON
PRUQLQJJRZQDQGEXVLO\HQJDJHGLQSOXFNLQJWKHGHDGOHDYHV
RIIDQRLVHWWHURVHWUHHUDLVHGKHUKHDG7KLVZDV-XOLH
ZKRKDGEHFRPHDVWKHFOHUNRIWKHKRXVHRI7KRPVRQ
)UHQFKKDGSUHGLFWHG0DGDPH(PPDQXHO+HUEDXOW6KHXWWHUHG
DFU\RIVXUSULVHDWWKHVLJKWRIDVWUDQJHUDQG0D[LPLOLDQ
EHJDQWRODXJK'RQ
WGLVWXUE\RXUVHOI-XOLHVDLGKH
7KHFRXQWKDVRQO\EHHQWZRRUWKUHHGD\VLQ3DULVEXWKH
DOUHDG\NQRZVZKDWDIDVKLRQDEOHZRPDQRIWKH0DUDLVLVDQG
LIKHGRHVQRW\RXZLOOVKRZKLP
$KPRQVLHXUUHWXUQHG-XOLHLWLVWUHDVRQLQP\EURWKHU
WREULQJ\RXWKXVEXWKHQHYHUKDVDQ\UHJDUGIRUKLVSRRU
VLVWHU3HQHORQ3HQHORQ$QROGPDQZKRZDVGLJJLQJ
EXVLO\DWRQHRIWKHEHGVVWXFNKLVVSDGHLQWKHHDUWKDQG
DSSURDFKHGFDSLQKDQGVWULYLQJWRFRQFHDODTXLGRI
WREDFFRKHKDGMXVWWKUXVWLQWRKLVFKHHN$IHZORFNVRI
JUD\PLQJOHGZLWKKLVKDLUZKLFKZDVVWLOOWKLFNDQG
PDWWHGZKLOHKLVEURQ]HGIHDWXUHVDQGGHWHUPLQHGJODQFH
ZHOOVXLWHGDQROGVDLORUZKRKDGEUDYHGWKHKHDWRIWKH
HTXDWRUDQGWKHVWRUPVRIWKHWURSLFV,WKLQN\RXKDLOHG
PH0DGHPRLVHOOH-XOLH"VDLGKH3HQHORQKDGVWLOO
SUHVHUYHGWKHKDELWRIFDOOLQJKLVPDVWHU
VGDXJKWHU
0DGHPRLVHOOH-XOLHDQGKDGQHYHUEHHQDEOHWRFKDQJHWKH
QDPHWR0DGDPH+HUEDXOW3HQHORQUHSOLHG-XOLHJRDQG
LQIRUP0(PPDQXHORIWKLVJHQWOHPDQ
VYLVLWDQG0D[LPLOLDQ
ZLOOFRQGXFWKLPWRWKHVDORQ7KHQWXUQLQJWR0RQWH
&ULVWR,KRSH\RXZLOOSHUPLWPHWROHDYH\RXIRUDIHZ
PLQXWHVFRQWLQXHGVKHDQGZLWKRXWDZDLWLQJDQ\UHSO\
GLVDSSHDUHGEHKLQGDFOXPSRIWUHHVDQGHVFDSHGWRWKH
KRXVHE\DODWHUDODOOH\
,DPVRUU\WRVHHREVHUYHG0RQWH&ULVWRWR0RUUHOWKDW
,FDXVHQRVPDOOGLVWXUEDQFHLQ\RXUKRXVH
/RRNWKHUHVDLG0D[LPLOLDQODXJKLQJWKHUHLVKHU
KXVEDQGFKDQJLQJKLVMDFNHWIRUDFRDW,DVVXUH\RX\RX
DUHZHOONQRZQLQWKH5XH0HVOD\

632

<RXUIDPLO\DSSHDUVWREHDYHU\KDSS\RQHVDLGWKH
FRXQWDVLIVSHDNLQJWRKLPVHOI
2K\HV,DVVXUH\RXFRXQWWKH\ZDQWQRWKLQJWKDWFDQ
UHQGHUWKHPKDSS\WKH\DUH\RXQJDQGFKHHUIXOWKH\DUH
WHQGHUO\DWWDFKHGWRHDFKRWKHUDQGZLWKWZHQW\ILYH
WKRXVDQGIUDQFVD\HDUWKH\IDQF\WKHPVHOYHVDVULFKDV
5RWKVFKLOG
)LYHDQGWZHQW\WKRXVDQGIUDQFVLVQRWDODUJHVXP
KRZHYHUUHSOLHG0RQWH&ULVWRZLWKDWRQHVRVZHHWDQG
JHQWOHWKDWLWZHQWWR0D[LPLOLDQ
VKHDUWOLNHWKHYRLFHRI
DIDWKHUEXWWKH\ZLOOQRWEHFRQWHQWZLWKWKDW<RXU
EURWKHULQODZLVDEDUULVWHU"DGRFWRU"
+HZDVDPHUFKDQWPRQVLHXUDQGKDGVXFFHHGHGWRWKH
EXVLQHVVRIP\SRRUIDWKHU00RUUHODWKLVGHDWKOHIW
IUDQFVZKLFKZHUHGLYLGHGEHWZHHQP\VLVWHUDQG
P\VHOIIRUZHZHUHKLVRQO\FKLOGUHQ+HUKXVEDQGZKR
ZKHQKHPDUULHGKHUKDGQRRWKHUSDWULPRQ\WKDQKLVQREOH
SURELW\KLVILUVWUDWHDELOLW\DQGKLVVSRWOHVV
UHSXWDWLRQZLVKHGWRSRVVHVVDVPXFKDVKLVZLIH+H
ODERUHGDQGWRLOHGXQWLOKHKDGDPDVVHGIUDQFVVL[
\HDUVVXIILFHGWRDFKLHYHWKLVREMHFW2K,DVVXUH\RX
VLULWZDVDWRXFKLQJVSHFWDFOHWRVHHWKHVH\RXQJ
FUHDWXUHVGHVWLQHGE\WKHLUWDOHQWVIRUKLJKHUVWDWLRQV
WRLOLQJWRJHWKHUDQGWKURXJKWKHLUXQZLOOLQJQHVVWRFKDQJH
DQ\RIWKHFXVWRPVRIWKHLUSDWHUQDOKRXVHWDNLQJVL[\HDUV
WRDFFRPSOLVKZKDWOHVVVFUXSXORXVSHRSOHZRXOGKDYH
HIIHFWHGLQWZRRUWKUHH0DUVHLOOHVUHVRXQGHGZLWKWKHLU
ZHOOHDUQHGSUDLVHV$WODVWRQHGD\(PPDQXHOFDPHWRKLV
ZLIHZKRKDGMXVWILQLVKHGPDNLQJXSWKHDFFRXQWVC-XOLH

VDLGKHWRKHUC&RFOHVKDVMXVWJLYHQPHWKHODVWURXOHDX
RIDKXQGUHGIUDQFVWKDWFRPSOHWHVWKHIUDQFVZH
KDGIL[HGDVWKHOLPLWVRIRXUJDLQV&DQ\RXFRQWHQW
\RXUVHOIZLWKWKHVPDOOIRUWXQHZKLFKZHVKDOOSRVVHVVIRU
WKHIXWXUH"/LVWHQWRPH2XUKRXVHWUDQVDFWVEXVLQHVVWR
WKHDPRXQWRIDPLOOLRQD\HDUIURPZKLFKZHGHULYHDQ
LQFRPHRIIUDQFV:HFDQGLVSRVHRIWKHEXVLQHVVLI
ZHSOHDVHLQDQKRXUIRU,KDYHUHFHLYHGDOHWWHUIURP0
'HODXQD\LQZKLFKKHRIIHUVWRSXUFKDVHWKHJRRGZLOORI
WKHKRXVHWRXQLWHZLWKKLVRZQIRUIUDQFV$GYLVH
PHZKDW,KDGEHWWHUGR
C(PPDQXHO
UHWXUQHGP\VLVWHU
CWKHKRXVHRI0RUUHOFDQRQO\EHFDUULHGRQE\D0RUUHO,V

633

LWQRWZRUWKIUDQFVWRVDYHRXUIDWKHU
VQDPHIURP
WKHFKDQFHVRIHYLOIRUWXQHDQGIDLOXUH"
C,WKRXJKWVR

UHSOLHG(PPDQXHOCEXW,ZLVKHGWRKDYH\RXUDGYLFH

C7KLVLVP\FRXQVHO2XUDFFRXQWVDUHPDGHXSDQGRXU
ELOOVSDLGDOOZHKDYHWRGRLVWRVWRSWKHLVVXHRIDQ\
PRUHDQGFORVHRXURIILFH
7KLVZDVGRQHLQVWDQWO\,WZDV
WKUHHR
FORFNDWDTXDUWHUSDVWDPHUFKDQWSUHVHQWHG
KLPVHOIWRLQVXUHWZRVKLSVLWZDVDFOHDUSURILWRI
IUDQFVC0RQVLHXU
VDLG(PPDQXHOCKDYHWKHJRRGQHVVWR
DGGUHVV\RXUVHOIWR0'HODXQD\:HKDYHTXLWWHGEXVLQHVV

C+RZORQJ"
LQTXLUHGWKHDVWRQLVKHGPHUFKDQWC$TXDUWHU
RIDQKRXU
ZDVWKHUHSO\$QGWKLVLVWKHUHDVRQ
PRQVLHXUFRQWLQXHG0D[LPLOLDQRIP\VLVWHUDQG
EURWKHULQODZKDYLQJRQO\IUDQFVD\HDU
0D[LPLOLDQKDGVFDUFHO\ILQLVKHGKLVVWRU\GXULQJZKLFKWKH
FRXQW
VKHDUWKDGVZHOOHGZLWKLQKLPZKHQ(PPDQXHOHQWHUHG
ZHDULQJDKDWDQGFRDW+HVDOXWHGWKHFRXQWZLWKWKHDLURI
DPDQZKRLVDZDUHRIWKHUDQNRIKLVJXHVWWKHQDIWHU
KDYLQJOHG0RQWH&ULVWRDURXQGWKHOLWWOHJDUGHQKH
UHWXUQHGWRWKHKRXVH$ODUJHYDVHRI-DSDQSRUFHODLQ
ILOOHGZLWKIORZHUVWKDWORDGHGWKHDLUZLWKWKHLUSHUIXPH
VWRRGLQWKHVDORQ-XOLHVXLWDEO\GUHVVHGDQGKHUKDLU
DUUDQJHG VKHKDGDFFRPSOLVKHGWKLVIHDWLQOHVVWKDQWHQ
PLQXWHV UHFHLYHGWKHFRXQWRQKLVHQWUDQFH7KHVRQJVRI
WKHELUGVZHUHKHDUGLQDQDYLDU\KDUGE\DQGWKHEUDQFKHV
RIODEXUQXPVDQGURVHDFDFLDVIRUPHGDQH[TXLVLWHIUDPHZRUN
WRWKHEOXHYHOYHWFXUWDLQV(YHU\WKLQJLQWKLVFKDUPLQJ
UHWUHDWIURPWKHZDUEOHRIWKHELUGVWRWKHVPLOHRIWKH
PLVWUHVVEUHDWKHGWUDQTXLOOLW\DQGUHSRVH7KHFRXQWKDG
IHOWWKHLQIOXHQFHRIWKLVKDSSLQHVVIURPWKHPRPHQWKH
HQWHUHGWKHKRXVHDQGKHUHPDLQHGVLOHQWDQGSHQVLYH
IRUJHWWLQJWKDWKHZDVH[SHFWHGWRUHQHZWKHFRQYHUVDWLRQ
ZKLFKKDGFHDVHGDIWHUWKHILUVWVDOXWDWLRQVKDGEHHQ
H[FKDQJHG7KHVLOHQFHEHFDPHDOPRVWSDLQIXOZKHQE\D
YLROHQWHIIRUWWHDULQJKLPVHOIIURPKLVSOHDVLQJUHYHULH
0DGDPHVDLGKHDWOHQJWK,SUD\\RXWRH[FXVHP\
HPRWLRQZKLFKPXVWDVWRQLVK\RXZKRDUHRQO\DFFXVWRPHGWR
WKHKDSSLQHVV,PHHWKHUHEXWFRQWHQWPHQWLVVRQHZDVLJKW
WRPHWKDW,FRXOGQHYHUEHZHDU\RIORRNLQJDW\RXUVHOI
DQG\RXUKXVEDQG
:HDUHYHU\KDSS\PRQVLHXUUHSOLHG-XOLHEXWZHKDYH
DOVRNQRZQXQKDSSLQHVVDQGIHZKDYHHYHUXQGHUJRQHPRUH

634

ELWWHUVXIIHULQJVWKDQRXUVHOYHV7KH&RXQW
VIHDWXUHV
GLVSOD\HGDQH[SUHVVLRQRIWKHPRVWLQWHQVHFXULRVLW\
2KDOOWKLVLVDIDPLO\KLVWRU\DV&KDWHDX5HQDXGWROG
\RXWKHRWKHUGD\REVHUYHG0D[LPLOLDQ7KLVKXPEOH
SLFWXUHZRXOGKDYHEXWOLWWOHLQWHUHVWIRU\RXDFFXVWRPHG
DV\RXDUHWREHKROGWKHSOHDVXUHVDQGWKHPLVIRUWXQHVRI
WKHZHDOWK\DQGLQGXVWULRXVEXWVXFKDVZHDUHZHKDYH
H[SHULHQFHGELWWHUVRUURZV
$QG*RGKDVSRXUHGEDOPLQWR\RXUZRXQGVDVKHGRHVLQWR
WKRVHRIDOOZKRDUHLQDIIOLFWLRQ"VDLG0RQWH&ULVWR
LQTXLULQJO\
<HVFRXQWUHWXUQHG-XOLHZHPD\LQGHHGVD\KHKDVIRU
KHKDVGRQHIRUXVZKDWKHJUDQWVRQO\WRKLVFKRVHQKH
VHQWXVRQHRIKLVDQJHOV7KHFRXQW
VFKHHNVEHFDPH
VFDUOHWDQGKHFRXJKHGLQRUGHUWRKDYHDQH[FXVHIRU
SXWWLQJKLVKDQGNHUFKLHIWRKLVPRXWK7KRVHERUQWR
ZHDOWKDQGZKRKDYHWKHPHDQVRIJUDWLI\LQJHYHU\ZLVK
VDLG(PPDQXHONQRZQRWZKDWLVWKHUHDOKDSSLQHVVRIOLIH
MXVWDVWKRVHZKRKDYHEHHQWRVVHGRQWKHVWRUP\ZDWHUVRI
WKHRFHDQRQDIHZIUDLOSODQNVFDQDORQHUHDOL]HWKH
EOHVVLQJVRIIDLUZHDWKHU
0RQWH&ULVWRURVHDQGZLWKRXWPDNLQJDQ\DQVZHU IRUWKH
WUHPXORXVQHVVRIKLVYRLFHZRXOGKDYHEHWUD\HGKLVHPRWLRQ
ZDONHGXSDQGGRZQWKHDSDUWPHQWZLWKDVORZVWHS
2XUPDJQLILFHQFHPDNHV\RXVPLOHFRXQWVDLG0D[LPLOLDQ
ZKRKDGIROORZHGKLPZLWKKLVH\HV1RQRUHWXUQHG0RQWH
&ULVWRSDOHDVGHDWKSUHVVLQJRQHKDQGRQKLVKHDUWWR
VWLOOLWVWKUREELQJVZKLOHZLWKWKHRWKHUKHSRLQWHGWRD
FU\VWDOFRYHUEHQHDWKZKLFKDVLONHQSXUVHOD\RQDEODFN
YHOYHWFXVKLRQ,ZDVZRQGHULQJZKDWFRXOGEHWKH
VLJQLILFDQFHRIWKLVSXUVHZLWKWKHSDSHUDWRQHHQGDQG
WKHODUJHGLDPRQGDWWKHRWKHU
&RXQWUHSOLHG0D[LPLOLDQZLWKDQDLURIJUDYLW\WKRVH
DUHRXUPRVWSUHFLRXVIDPLO\WUHDVXUHV
7KHVWRQHVHHPVYHU\EULOOLDQWDQVZHUHGWKHFRXQW
2KP\EURWKHUGRHVQRWDOOXGHWRLWVYDOXHDOWKRXJKLW

635

KDVEHHQHVWLPDWHGDWIUDQFVKHPHDQVWKDWWKH
DUWLFOHVFRQWDLQHGLQWKLVSXUVHDUHWKHUHOLFVRIWKHDQJHO
,VSRNHRIMXVWQRZ
7KLV,GRQRWFRPSUHKHQGDQG\HW,PD\QRWDVNIRUDQ
H[SODQDWLRQPDGDPHUHSOLHG0RQWH&ULVWRERZLQJ3DUGRQ
PH,KDGQRLQWHQWLRQRIFRPPLWWLQJDQLQGLVFUHWLRQ
,QGLVFUHWLRQRK\RXPDNHXVKDSS\E\JLYLQJXVDQ
H[FXVHIRUH[SDWLDWLQJRQWKLVVXEMHFW,IZHZDQWHGWR
FRQFHDOWKHQREOHDFWLRQWKLVSXUVHFRPPHPRUDWHVZHVKRXOG
QRWH[SRVHLWWKXVWRYLHZ2KZRXOGZHFRXOGUHODWHLW
HYHU\ZKHUHDQGWRHYHU\RQHVRWKDWWKHHPRWLRQRIRXU
XQNQRZQEHQHIDFWRUPLJKWUHYHDOKLVSUHVHQFH
$KUHDOO\VDLG0RQWH&ULVWRLQDKDOIVWLIOHGYRLFH
0RQVLHXUUHWXUQHG0D[LPLOLDQUDLVLQJWKHJODVVFRYHU
DQGUHVSHFWIXOO\NLVVLQJWKHVLONHQSXUVHWKLVKDVWRXFKHG
WKHKDQGRIDPDQZKRVDYHGP\IDWKHUIURPVXLFLGHXVIURP
UXLQDQGRXUQDPHIURPVKDPHDQGGLVJUDFHDPDQE\
ZKRVHPDWFKOHVVEHQHYROHQFHZHSRRUFKLOGUHQGRRPHGWRZDQW
DQGZUHWFKHGQHVVFDQDWSUHVHQWKHDUHYHU\RQHHQY\LQJRXU
KDSS\ORW7KLVOHWWHU DVKHVSRNH0D[LPLOLDQGUHZD
OHWWHUIURPWKHSXUVHDQGJDYHLWWRWKHFRXQW WKLV
OHWWHUZDVZULWWHQE\KLPWKHGD\WKDWP\IDWKHUKDGWDNHQD
GHVSHUDWHUHVROXWLRQDQGWKLVGLDPRQGZDVJLYHQE\WKH
JHQHURXVXQNQRZQWRP\VLVWHUDVKHUGRZU\0RQWH&ULVWR
RSHQHGWKHOHWWHUDQGUHDGLWZLWKDQLQGHVFULEDEOHIHHOLQJ
RIGHOLJKW,WZDVWKHOHWWHUZULWWHQ DVRXUUHDGHUVNQRZ
WR-XOLHDQGVLJQHG6LQEDGWKH6DLORU8QNQRZQ\RXVD\
LVWKHPDQZKRUHQGHUHG\RXWKLVVHUYLFHXQNQRZQWR\RX"
<HVZHKDYHQHYHUKDGWKHKDSSLQHVVRISUHVVLQJKLVKDQG
FRQWLQXHG0D[LPLOLDQ:HKDYHVXSSOLFDWHGKHDYHQLQYDLQWR
JUDQWXVWKLVIDYRUEXWWKHZKROHDIIDLUKDVKDGD
P\VWHULRXVPHDQLQJWKDWZHFDQQRWFRPSUHKHQGZHKDYHEHHQ
JXLGHGE\DQLQYLVLEOHKDQGDKDQGDVSRZHUIXODVWKDW
RIDQHQFKDQWHU
2KFULHG-XOLH,KDYHQRWORVWDOOKRSHRIVRPHGD\
NLVVLQJWKDWKDQGDV,QRZNLVVWKHSXUVHZKLFKKHKDV
WRXFKHG)RXU\HDUVDJR3HQHORQZDVDW7ULHVWH3HQHORQ
FRXQWLVWKHROGVDLORU\RXVDZLQWKHJDUGHQDQGZKR

636

IURPTXDUWHUPDVWHUKDVEHFRPHJDUGHQHU3HQHORQZKHQKH
ZDVDW7ULHVWHVDZRQWKHTXD\DQ(QJOLVKPDQZKRZDVRQ
WKHSRLQWRIHPEDUNLQJRQERDUGD\DFKWDQGKHUHFRJQL]HG
KLPDVWKHSHUVRQZKRFDOOHGRQP\IDWKHUWKHILIWKRI-XQH
DQGZKRZURWHPHWKLVOHWWHURQWKHILIWKRI
6HSWHPEHU+HIHOWFRQYLQFHGRIKLVLGHQWLW\EXWKHGLGQRW
YHQWXUHWRDGGUHVVKLP
$Q(QJOLVKPDQVDLG0RQWH&ULVWRZKRJUHZXQHDV\DWWKH
DWWHQWLRQZLWKZKLFK-XOLHORRNHGDWKLP$Q(QJOLVKPDQ\RX
VD\"
<HVUHSOLHG0D[LPLOLDQDQ(QJOLVKPDQZKRUHSUHVHQWHG
KLPVHOIDVWKHFRQILGHQWLDOFOHUNRIWKHKRXVHRI7KRPVRQ
)UHQFKDW5RPH,WZDVWKLVWKDWPDGHPHVWDUWZKHQ\RX
VDLGWKHRWKHUGD\DW0GH0RUFHUI
VWKDW0HVVUV7KRPVRQ
)UHQFKZHUH\RXUEDQNHUV7KDWKDSSHQHGDV,WROG\RXLQ
)RU*RG
VVDNHWHOOPHGLG\RXNQRZWKLV
(QJOLVKPDQ"
%XW\RXWHOOPHDOVRWKDWWKHKRXVHRI7KRPVRQ )UHQFK
KDYHFRQVWDQWO\GHQLHGKDYLQJUHQGHUHG\RXWKLVVHUYLFH"
<HV
7KHQLVLWQRWSUREDEOHWKDWWKLV(QJOLVKPDQPD\EHVRPH
RQHZKRJUDWHIXOIRUDNLQGQHVV\RXUIDWKHUKDGVKRZQKLP
DQGZKLFKKHKLPVHOIKDGIRUJRWWHQKDVWDNHQWKLVPHWKRGRI
UHTXLWLQJWKHREOLJDWLRQ"
(YHU\WKLQJLVSRVVLEOHLQWKLVDIIDLUHYHQDPLUDFOH
:KDWZDVKLVQDPH"DVNHG0RQWH&ULVWR
+HJDYHQRRWKHUQDPHDQVZHUHG-XOLHORRNLQJHDUQHVWO\
DWWKHFRXQWWKDQWKDWDWWKHHQGRIKLVOHWWHUC6LQEDG
WKH6DLORU

:KLFKLVHYLGHQWO\QRWKLVUHDOQDPHEXWDILFWLWLRXV
RQH
7KHQQRWLFLQJWKDW-XOLHZDVVWUXFNZLWKWKHVRXQGRIKLV
YRLFH

637

7HOOPHFRQWLQXHGKHZDVKHQRWDERXWP\KHLJKW
SHUKDSVDOLWWOHWDOOHUZLWKKLVFKLQLPSULVRQHGDVLW
ZHUHLQDKLJKFUDYDWKLVFRDWFORVHO\EXWWRQHGXSDQG
FRQVWDQWO\WDNLQJRXWKLVSHQFLO"
2KGR\RXWKHQNQRZKLP"FULHG-XOLHZKRVHH\HVVSDUNOHG
ZLWKMR\
1RUHWXUQHG0RQWH&ULVWR,RQO\JXHVVHG,NQHZD/RUG
:LOPRUHZKRZDVFRQVWDQWO\GRLQJDFWLRQVRIWKLVNLQG
:LWKRXWUHYHDOLQJKLPVHOI"
+HZDVDQHFFHQWULFEHLQJDQGGLGQRWEHOLHYHLQWKH
H[LVWHQFHRIJUDWLWXGH
2KKHDYHQH[FODLPHG-XOLHFODVSLQJKHUKDQGVLQZKDW
GLGKHEHOLHYHWKHQ"
+HGLGQRWFUHGLWLWDWWKHSHULRGZKLFK,NQHZKLPVDLG
0RQWH&ULVWRWRXFKHGWRWKHKHDUWE\WKHDFFHQWVRI-XOLH
V
YRLFHEXWSHUKDSVVLQFHWKHQKHKDVKDGSURRIVWKDW
JUDWLWXGHGRHVH[LVW
$QGGR\RXNQRZWKLVJHQWOHPDQPRQVLHXU"LQTXLUHG
(PPDQXHO
2KLI\RXGRNQRZKLPFULHG-XOLHFDQ\RXWHOOXV
ZKHUHKHLVZKHUHZHFDQILQGKLP"0D[LPLOLDQ(PPDQXHO
LIZHGREXWGLVFRYHUKLPKHPXVWEHOLHYHLQWKH
JUDWLWXGHRIWKHKHDUW0RQWH&ULVWRIHOWWHDUVVWDUWLQWR
KLVH\HVDQGKHDJDLQZDONHGKDVWLO\XSDQGGRZQWKHURRP
,QWKHQDPHRIKHDYHQVDLG0D[LPLOLDQLI\RXNQRZ
DQ\WKLQJRIKLPWHOOXVZKDWLWLV
$ODVFULHG0RQWH&ULVWRVWULYLQJWRUHSUHVVKLVHPRWLRQ
LI/RUG:LOPRUHZDV\RXUXQNQRZQEHQHIDFWRU,IHDU\RX
ZLOOQHYHUVHHKLPDJDLQ,SDUWHGIURPKLPWZR\HDUVDJRDW
3DOHUPRDQGKHZDVWKHQRQWKHSRLQWRIVHWWLQJRXWIRUWKH
PRVWUHPRWHUHJLRQVVRWKDW,IHDUKHZLOOQHYHUUHWXUQ
2KPRQVLHXUWKLVLVFUXHORI\RXVDLG-XOLHPXFK
DIIHFWHGDQGWKH\RXQJODG\
VH\HVVZDPZLWKWHDUV

638

0DGDPHUHSOLHG0RQWH&ULVWRJUDYHO\DQGJD]LQJHDUQHVWO\
RQWKHWZROLTXLGSHDUOVWKDWWULFNOHGGRZQ-XOLH
VFKHHNV
KDG/RUG:LOPRUHVHHQZKDW,QRZVHHKHZRXOGEHFRPH
DWWDFKHGWROLIHIRUWKHWHDUV\RXVKHGZRXOGUHFRQFLOHKLP
WRPDQNLQGDQGKHKHOGRXWKLVKDQGWR-XOLHZKRJDYHKLP
KHUVFDUULHGDZD\E\WKHORRNDQGDFFHQWRIWKHFRXQW
%XWFRQWLQXHGVKH/RUG:LOPRUHKDGDIDPLO\RUIULHQGV
KHPXVWKDYHNQRZQVRPHRQHFDQZHQRW
2KLWLVXVHOHVVWRLQTXLUHUHWXUQHGWKHFRXQW
SHUKDSVDIWHUDOOKHZDVQRWWKHPDQ\RXVHHNIRU+HZDV
P\IULHQGKHKDGQRVHFUHWVIURPPHDQGLIWKLVKDGEHHQ
VRKHZRXOGKDYHFRQILGHGLQPH
$QGKHWROG\RXQRWKLQJ"
1RWDZRUG
1RWKLQJWKDWZRXOGOHDG\RXWRVXSSRVH"
1RWKLQJ
$QG\HW\RXVSRNHRIKLPDWRQFH
$KLQVXFKDFDVHRQHVXSSRVHV
6LVWHUVLVWHUVDLG0D[LPLOLDQFRPLQJWRWKHFRXQW
V
DLGPRQVLHXULVTXLWHULJKW5HFROOHFWZKDWRXUH[FHOOHQW
IDWKHUVRRIWHQWROGXVC,WZDVQR(QJOLVKPDQWKDWWKXV
VDYHGXV
0RQWH&ULVWRVWDUWHG:KDWGLG\RXUIDWKHUWHOO
\RX00RUUHO"VDLGKHHDJHUO\
0\IDWKHUWKRXJKWWKDWWKLVDFWLRQKDGEHHQPLUDFXORXVO\
SHUIRUPHGKHEHOLHYHGWKDWDEHQHIDFWRUKDGDULVHQIURP
WKHJUDYHWRVDYHXV2KLWZDVDWRXFKLQJVXSHUVWLWLRQ
PRQVLHXUDQGDOWKRXJK,GLGQRWP\VHOIEHOLHYHLW,ZRXOG
QRWIRUWKHZRUOGKDYHGHVWUR\HGP\IDWKHU
VIDLWK+RZ
RIWHQGLGKHPXVHRYHULWDQGSURQRXQFHWKHQDPHRIDGHDU
IULHQGDIULHQGORVWWRKLPIRUHYHUDQGRQKLV
GHDWKEHGZKHQWKHQHDUDSSURDFKRIHWHUQLW\VHHPHGWRKDYH
LOOXPLQHGKLVPLQGZLWKVXSHUQDWXUDOOLJKWWKLVWKRXJKW
ZKLFKKDGXQWLOWKHQEHHQEXWDGRXEWEHFDPHDFRQYLFWLRQ
DQGKLVODVWZRUGVZHUHC0D[LPLOLDQLWZDV(GPRQG

639

'DQWHV
$WWKHVHZRUGVWKHFRXQW
VSDOHQHVVZKLFKKDGIRU
VRPHWLPHEHHQLQFUHDVLQJEHFDPHDODUPLQJKHFRXOGQRW
VSHDNKHORRNHGDWKLVZDWFKOLNHDPDQZKRKDVIRUJRWWHQ
WKHKRXUVDLGDIHZKXUULHGZRUGVWR0DGDPH+HUEDXOWDQG
SUHVVLQJWKHKDQGVRI(PPDQXHODQG0D[LPLOLDQ0DGDPH
VDLGKH,WUXVW\RXZLOODOORZPHWRYLVLW\RX
RFFDVLRQDOO\,YDOXH\RXUIULHQGVKLSDQGIHHOJUDWHIXOWR
\RXIRU\RXUZHOFRPHIRUWKLVLVWKHILUVWWLPHIRUPDQ\
\HDUVWKDW,KDYHWKXV\LHOGHGWRP\IHHOLQJVDQGKH
KDVWLO\TXLWWHGWKHDSDUWPHQW
7KLV&RXQWRI0RQWH&ULVWRLVDVWUDQJHPDQVDLG
(PPDQXHO
<HVDQVZHUHG0D[LPLOLDQEXW,IHHOVXUHKHKDVDQ
H[FHOOHQWKHDUWDQGWKDWKHOLNHVXV
+LVYRLFHZHQWWRP\KHDUWREVHUYHG-XOLHDQGWZRRU
WKUHHWLPHV,IDQFLHGWKDW,KDGKHDUGLWEHIRUH

&KDSWHU
3\UDPXVDQG7KLVEH
$ERXWWZRWKLUGVRIWKHZD\DORQJWKH)DXERXUJ6DLQW+RQRUH
DQGLQWKHUHDURIRQHRIWKHPRVWLPSRVLQJPDQVLRQVLQWKLV
ULFKQHLJKERUKRRGZKHUHWKHYDULRXVKRXVHVYLHZLWKHDFK
RWKHUIRUHOHJDQFHRIGHVLJQDQGPDJQLILFHQFHRI
FRQVWUXFWLRQH[WHQGHGDODUJHJDUGHQZKHUHWKH
ZLGHVSUHDGLQJFKHVWQXWWUHHVUDLVHGWKHLUKHDGVKLJKDERYH
WKHZDOOVLQDVROLGUDPSDUWDQGZLWKWKHFRPLQJRIHYHU\
VSULQJVFDWWHUHGDVKRZHURIGHOLFDWHSLQNDQGZKLWH
EORVVRPVLQWRWKHODUJHVWRQHYDVHVWKDWVWRRGXSRQWKHWZR
VTXDUHSLODVWHUVRIDFXULRXVO\ZURXJKWLURQJDWHWKDW
GDWHGIURPWKHWLPHRI/RXLV;,,7KLVQREOHHQWUDQFH
KRZHYHULQVSLWHRILWVVWULNLQJDSSHDUDQFHDQGWKH
JUDFHIXOHIIHFWRIWKHJHUDQLXPVSODQWHGLQWKHWZRYDVHV
DVWKH\ZDYHGWKHLUYDULHJDWHGOHDYHVLQWKHZLQGDQG
FKDUPHGWKHH\HZLWKWKHLUVFDUOHWEORRPKDGIDOOHQLQWR
XWWHUGLVXVH7KHSURSULHWRUVRIWKHPDQVLRQKDGPDQ\\HDUV
EHIRUHWKRXJKWLWEHVWWRFRQILQHWKHPVHOYHVWRWKH
SRVVHVVLRQRIWKHKRXVHLWVHOIZLWKLWVWKLFNO\SODQWHG
FRXUW\DUGRSHQLQJLQWRWKH)DXERXUJ6DLQW+RQRUHDQGWR

640

WKHJDUGHQVKXWLQE\WKLVJDWHZKLFKIRUPHUO\FRPPXQLFDWHG
ZLWKDILQHNLWFKHQJDUGHQRIDERXWDQDFUH)RUWKHGHPRQ
RIVSHFXODWLRQGUHZDOLQHRULQRWKHUZRUGVSURMHFWHGD
VWUHHWDWWKHIDUWKHUVLGHRIWKHNLWFKHQJDUGHQ7KH
VWUHHWZDVODLGRXWDQDPHZDVFKRVHQDQGSRVWHGXSRQDQ
LURQSODWHEXWEHIRUHFRQVWUXFWLRQZDVEHJXQLWRFFXUUHG
WRWKHSRVVHVVRURIWKHSURSHUW\WKDWDKDQGVRPHVXPPLJKW
EHREWDLQHGIRUWKHJURXQGWKHQGHYRWHGWRIUXLWVDQG
YHJHWDEOHVE\EXLOGLQJDORQJWKHOLQHRIWKHSURSRVHG
VWUHHWDQGVRPDNLQJLWDEUDQFKRIFRPPXQLFDWLRQZLWKWKH
)DXERXUJ6DLQW+RQRUHLWVHOIRQHRIWKHPRVWLPSRUWDQW
WKRURXJKIDUHVLQWKHFLW\RI3DULV
,QPDWWHUVRIVSHFXODWLRQKRZHYHUWKRXJKPDQSURSRVHV
PRQH\GLVSRVHV)URPVRPHVXFKGLIILFXOW\WKHQHZO\QDPHG
VWUHHWGLHGDOPRVWLQELUWKDQGWKHSXUFKDVHURIWKH
NLWFKHQJDUGHQKDYLQJSDLGDKLJKSULFHIRULWDQGEHLQJ
TXLWHXQDEOHWRILQGDQ\RQHZLOOLQJWRWDNHKLVEDUJDLQRII
KLVKDQGVZLWKRXWDFRQVLGHUDEOHORVV\HWVWLOOFOLQJLQJWR
WKHEHOLHIWKDWDWVRPHIXWXUHGD\KHVKRXOGREWDLQDVXP
IRULWWKDWZRXOGUHSD\KLPQRWRQO\IRUKLVSDVWRXWOD\
EXWDOVRWKHLQWHUHVWXSRQWKHFDSLWDOORFNHGXSLQKLVQHZ
DFTXLVLWLRQFRQWHQWHGKLPVHOIZLWKOHWWLQJWKHJURXQG
WHPSRUDULO\WRVRPHPDUNHWJDUGHQHUVDWD\HDUO\UHQWDORI
IUDQFV$QGVRDVZHKDYHVDLGWKHLURQJDWHOHDGLQJ
LQWRWKHNLWFKHQJDUGHQKDGEHHQFORVHGXSDQGOHIWWRWKH
UXVWZKLFKEDGHIDLUEHIRUHORQJWRHDWRIILWVKLQJHV
ZKLOHWRSUHYHQWWKHLJQREOHJODQFHVRIWKHGLJJHUVDQG
GHOYHUVRIWKHJURXQGIURPSUHVXPLQJWRVXOO\WKH
DULVWRFUDWLFHQFORVXUHEHORQJLQJWRWKHPDQVLRQWKHJDWH
KDGEHHQERDUGHGXSWRDKHLJKWRIVL[IHHW7UXHWKH
SODQNVZHUHQRWVRFORVHO\DGMXVWHGEXWWKDWDKDVW\SHHS
PLJKWEHREWDLQHGWKURXJKWKHLULQWHUVWLFHVEXWWKHVWULFW
GHFRUXPDQGULJLGSURSULHW\RIWKHLQKDELWDQWVRIWKHKRXVH
OHIWQRJURXQGVIRUDSSUHKHQGLQJWKDWDGYDQWDJHZRXOGEH
WDNHQRIWKDWFLUFXPVWDQFH
+RUWLFXOWXUHVHHPHGKRZHYHUWRKDYHEHHQDEDQGRQHGLQWKH
GHVHUWHGNLWFKHQJDUGHQDQGZKHUHFDEEDJHVFDUURWV
UDGLVKHVSHDVHDQGPHORQVKDGRQFHIORXULVKHGDVFDQW\
FURSRIOXFHUQHDORQHERUHHYLGHQFHRILWVEHLQJGHHPHG
ZRUWK\RIFXOWLYDWLRQ$VPDOOORZGRRUJDYHHJUHVVIURP
WKHZDOOHGVSDFHZHKDYHEHHQGHVFULELQJLQWRWKHSURMHFWHG
VWUHHWWKHJURXQGKDYLQJEHHQDEDQGRQHGDVXQSURGXFWLYHE\

641

LWVYDULRXVUHQWHUVDQGKDGQRZIDOOHQVRFRPSOHWHO\LQ
JHQHUDOHVWLPDWLRQDVWRUHWXUQQRWHYHQWKHRQHKDOISHU
FHQWLWKDGRULJLQDOO\SDLG7RZDUGVWKHKRXVHWKH
FKHVWQXWWUHHVZHKDYHEHIRUHPHQWLRQHGURVHKLJKDERYHWKH
ZDOOZLWKRXWLQDQ\ZD\DIIHFWLQJWKHJURZWKRIRWKHU
OX[XULDQWVKUXEVDQGIORZHUVWKDWHDJHUO\GUHVVHGIRUZDUGWR
ILOOXSWKHYDFDQWVSDFHVDVWKRXJKDVVHUWLQJWKHLUULJKW
WRHQMR\WKHERRQRIOLJKWDQGDLU$WRQHFRUQHUZKHUHWKH
IROLDJHEHFDPHVRWKLFNDVDOPRVWWRVKXWRXWGD\DODUJH
VWRQHEHQFKDQGVXQGU\UXVWLFVHDWVLQGLFDWHGWKDWWKLV
VKHOWHUHGVSRWZDVHLWKHULQJHQHUDOIDYRURUSDUWLFXODUXVH
E\VRPHLQKDELWDQWRIWKHKRXVHZKLFKZDVIDLQWO\
GLVFHUQLEOHWKURXJKWKHGHQVHPDVVRIYHUGXUHWKDWSDUWLDOO\
FRQFHDOHGLWWKRXJKVLWXDWHGEXWDKXQGUHGSDFHVRII
:KRHYHUKDGVHOHFWHGWKLVUHWLUHGSRUWLRQRIWKHJURXQGVDV
WKHERXQGDU\RIDZDONRUDVDSODFHIRUPHGLWDWLRQZDV
DEXQGDQWO\MXVWLILHGLQWKHFKRLFHE\WKHDEVHQFHRIDOO
JODUHWKHFRROUHIUHVKLQJVKDGHWKHVFUHHQLWDIIRUGHG
IURPWKHVFRUFKLQJUD\VRIWKHVXQWKDWIRXQGQRHQWUDQFH
WKHUHHYHQGXULQJWKHEXUQLQJGD\VRIKRWWHVWVXPPHUWKH
LQFHVVDQWDQGPHORGLRXVZDUEOLQJRIELUGVDQGWKHHQWLUH
UHPRYDOIURPHLWKHUWKHQRLVHRIWKHVWUHHWRUWKHEXVWOHRI
WKHPDQVLRQ2QWKHHYHQLQJRIRQHRIWKHZDUPHVWGD\V
VSULQJKDG\HWEHVWRZHGRQWKHLQKDELWDQWVRI3DULVPLJKW
EHVHHQQHJOLJHQWO\WKURZQXSRQWKHVWRQHEHQFKDERRND
SDUDVRODQGDZRUNEDVNHWIURPZKLFKKXQJDSDUWO\
HPEURLGHUHGFDPEULFKDQGNHUFKLHIZKLOHDWDOLWWOHGLVWDQFH
IURPWKHVHDUWLFOHVZDVD\RXQJZRPDQVWDQGLQJFORVHWRWKH
LURQJDWHHQGHDYRULQJWRGLVFHUQVRPHWKLQJRQWKHRWKHU
VLGHE\PHDQVRIWKHRSHQLQJVLQWKHSODQNVWKH
HDUQHVWQHVVRIKHUDWWLWXGHDQGWKHIL[HGJD]HZLWKZKLFK
VKHVHHPHGWRVHHNWKHREMHFWRIKHUZLVKHVSURYLQJKRZ
PXFKKHUIHHOLQJVZHUHLQWHUHVWHGLQWKHPDWWHU$WWKDW
LQVWDQWWKHOLWWOHVLGHJDWHOHDGLQJIURPWKHZDVWHJURXQG
WRWKHVWUHHWZDVQRLVHOHVVO\RSHQHGDQGDWDOOSRZHUIXO
\RXQJPDQDSSHDUHG+HZDVGUHVVHGLQDFRPPRQJUD\EORXVH
DQGYHOYHWFDSEXWKLVFDUHIXOO\DUUDQJHGKDLUEHDUGDQG
PXVWDFKHDOORIWKHULFKHVWDQGJORVVLHVWEODFNLOO
DFFRUGHGZLWKKLVSOHEHLDQDWWLUH$IWHUFDVWLQJDUDSLG
JODQFHDURXQGKLPLQRUGHUWRDVVXUHKLPVHOIWKDWKHZDV
XQREVHUYHGKHHQWHUHGE\WKHVPDOOJDWHDQGFDUHIXOO\
FORVLQJDQGVHFXULQJLWDIWHUKLPSURFHHGHGZLWKDKXUULHG
VWHSWRZDUGVWKHEDUULHU

642

$WWKHVLJKWRIKLPVKHH[SHFWHGWKRXJKSUREDEO\QRWLQ
VXFKDFRVWXPHWKH\RXQJZRPDQVWDUWHGLQWHUURUDQGZDV
DERXWWRPDNHDKDVW\UHWUHDW%XWWKHH\HRIORYHKDG
DOUHDG\VHHQHYHQWKURXJKWKHQDUURZFKLQNVRIWKHZRRGHQ
SDOLVDGHVWKHPRYHPHQWRIWKHZKLWHUREHDQGREVHUYHGWKH
IOXWWHULQJRIWKHEOXHVDVK3UHVVLQJKLVOLSVFORVHWRWKH
SODQNVKHH[FODLPHG'RQ
WEHDODUPHG9DOHQWLQHLWLV
,$JDLQWKHWLPLGJLUOIRXQGFRXUDJHWRUHWXUQWRWKH
JDWHVD\LQJDVVKHGLGVR$QGZK\GR\RXFRPHVRODWH
WRGD\",WLVDOPRVWGLQQHUWLPHDQG,KDGWRXVHQROLWWOH
GLSORPDF\WRJHWULGRIP\ZDWFKIXOPRWKHULQODZP\
WRRGHYRWHGPDLGDQGP\WURXEOHVRPHEURWKHUZKRLVDOZD\V
WHDVLQJPHDERXWFRPLQJWRZRUNDWP\HPEURLGHU\ZKLFK,DP
LQDIDLUZD\QHYHUWRJHWGRQH6RSUD\H[FXVH\RXUVHOIDV
ZHOODV\RXFDQIRUKDYLQJPDGHPHZDLWDQGDIWHUWKDW
WHOOPHZK\,VHH\RXLQDGUHVVVRVLQJXODUWKDWDWILUVW,
GLGQRWUHFRJQL]H\RX
'HDUHVW9DOHQWLQHVDLGWKH\RXQJPDQWKHGLIIHUHQFH
EHWZHHQRXUUHVSHFWLYHVWDWLRQVPDNHVPHIHDUWRRIIHQG\RX
E\VSHDNLQJRIP\ORYHEXW\HW,FDQQRWILQGP\VHOILQ\RXU
SUHVHQFHZLWKRXWORQJLQJWRSRXUIRUWKP\VRXODQGWHOO\RX
KRZIRQGO\,DGRUH\RX,ILWEHEXWWRFDUU\DZD\ZLWKPH
WKHUHFROOHFWLRQRIVXFKVZHHWPRPHQWV,FRXOGHYHQWKDQN
\RXIRUFKLGLQJPHIRULWOHDYHVPHDJOHDPRIKRSHWKDW
LI\RXGLGQRWH[SHFWPH DQGWKDWLQGHHGZRXOGEHZRUVH
WKDQYDQLW\WRVXSSRVH DWOHDVW,ZDVLQ\RXUWKRXJKWV
<RXDVNHGPHWKHFDXVHRIP\EHLQJODWHDQGZK\,FRPH
GLVJXLVHG,ZLOOFDQGLGO\H[SODLQWKHUHDVRQRIERWKDQG,
WUXVWWR\RXUJRRGQHVVWRSDUGRQPH,KDYHFKRVHQDWUDGH
$WUDGH"2K0D[LPLOLDQKRZFDQ\RXMHVWDWDWLPHZKHQZH
KDYHVXFKGHHSFDXVHIRUXQHDVLQHVV"
+HDYHQNHHSPHIURPMHVWLQJZLWKWKDWZKLFKLVIDUGHDUHU
WRPHWKDQOLIHLWVHOI%XWOLVWHQWRPH9DOHQWLQHDQG,
ZLOOWHOO\RXDOODERXWLW,EHFDPHZHDU\RIUDQJLQJILHOGV
DQGVFDOLQJZDOOVDQGVHULRXVO\DODUPHGDWWKHLGHD
VXJJHVWHGE\\RXWKDWLIFDXJKWKRYHULQJDERXWKHUH\RXU
IDWKHUZRXOGYHU\OLNHO\KDYHPHVHQWWRSULVRQDVDWKLHI
7KDWZRXOGFRPSURPLVHWKHKRQRURIWKH)UHQFKDUP\WRVD\
QRWKLQJRIWKHIDFWWKDWWKHFRQWLQXDOSUHVHQFHRIDFDSWDLQ
RI6SDKLVLQDSODFHZKHUHQRZDUOLNHSURMHFWVFRXOGEH

643

VXSSRVHGWRDFFRXQWIRULWPLJKWZHOOFUHDWHVXUSULVHVR,
KDYHEHFRPHDJDUGHQHUDQGFRQVHTXHQWO\DGRSWHGWKH
FRVWXPHRIP\FDOOLQJ
:KDWH[FHVVLYHQRQVHQVH\RXWDON0D[LPLOLDQ
1RQVHQVH"3UD\GRQRWFDOOZKDW,FRQVLGHUWKHZLVHVW
DFWLRQRIP\OLIHE\VXFKDQDPH&RQVLGHUE\EHFRPLQJD
JDUGHQHU,HIIHFWXDOO\VFUHHQRXUPHHWLQJVIURPDOO
VXVSLFLRQRUGDQJHU
,EHVHHFKRI\RX0D[LPLOLDQWRFHDVHWULIOLQJDQGWHOO
PHZKDW\RXUHDOO\PHDQ
6LPSO\WKDWKDYLQJDVFHUWDLQHGWKDWWKHSLHFHRIJURXQGRQ
ZKLFK,VWDQGZDVWROHW,PDGHDSSOLFDWLRQIRULWZDV
UHDGLO\DFFHSWHGE\WKHSURSULHWRUDQGDPQRZPDVWHURI
WKLVILQHFURSRIOXFHUQH7KLQNRIWKDW9DOHQWLQH7KHUH
LVQRWKLQJQRZWRSUHYHQWP\EXLOGLQJP\VHOIDOLWWOHKXWRQ
P\SODQWDWLRQDQGUHVLGLQJQRWWZHQW\\DUGVIURP\RX2QO\
LPDJLQHZKDWKDSSLQHVVWKDWZRXOGDIIRUGPH,FDQVFDUFHO\
FRQWDLQP\VHOIDWWKHEDUHLGHD6XFKIHOLFLW\VHHPVDERYH
DOOSULFHDVDWKLQJLPSRVVLEOHDQGXQDWWDLQDEOH%XW
ZRXOG\RXEHOLHYHWKDW,SXUFKDVHDOOWKLVGHOLJKWMR\DQG
KDSSLQHVVIRUZKLFK,ZRXOGFKHHUIXOO\KDYHVXUUHQGHUHGWHQ
\HDUVRIP\OLIHDWWKHVPDOOFRVWRIIUDQFVSHUDQQXP
SDLGTXDUWHUO\"+HQFHIRUWKZHKDYHQRWKLQJWRIHDU,DPRQ
P\RZQJURXQGDQGKDYHDQXQGRXEWHGULJKWWRSODFHDODGGHU
DJDLQVWWKHZDOODQGWRORRNRYHUZKHQ,SOHDVHZLWKRXW
KDYLQJDQ\DSSUHKHQVLRQVRIEHLQJWDNHQRIIE\WKHSROLFHDV
DVXVSLFLRXVFKDUDFWHU,PD\DOVRHQMR\WKHSUHFLRXV
SULYLOHJHRIDVVXULQJ\RXRIP\IRQGIDLWKIXODQG
XQDOWHUDEOHDIIHFWLRQZKHQHYHU\RXYLVLW\RXUIDYRULWH
ERZHUXQOHVVLQGHHGLWRIIHQGV\RXUSULGHWROLVWHQWR
SURIHVVLRQVRIORYHIURPWKHOLSVRIDSRRUZRUNLQJPDQFODG
LQDEORXVHDQGFDS$IDLQWFU\RIPLQJOHGSOHDVXUHDQG
VXUSULVHHVFDSHGIURPWKHOLSVRI9DOHQWLQHZKRDOPRVW
LQVWDQWO\VDLGLQDVDGGHQHGWRQHDVWKRXJKVRPHHQYLRXV
FORXGGDUNHQHGWKHMR\ZKLFKLOOXPLQHGKHUKHDUW$ODVQR
0D[LPLOLDQWKLVPXVWQRWEHIRUPDQ\UHDVRQV:HVKRXOG
SUHVXPHWRRPXFKRQRXURZQVWUHQJWKDQGOLNHRWKHUV
SHUKDSVEHOHGDVWUD\E\RXUEOLQGFRQILGHQFHLQHDFK
RWKHU
VSUXGHQFH

644

+RZFDQ\RXIRUDQLQVWDQWHQWHUWDLQVRXQZRUWK\DWKRXJKW
GHDU9DOHQWLQH"+DYH,QRWIURPWKHILUVWEOHVVHGKRXURI
RXUDFTXDLQWDQFHVFKRROHGDOOP\ZRUGVDQGDFWLRQVWR\RXU
VHQWLPHQWVDQGLGHDV"$QG\RXKDYH,DPVXUHWKHIXOOHVW
FRQILGHQFHLQP\KRQRU:KHQ\RXVSRNHWRPHRIH[SHULHQFLQJ
DYDJXHDQGLQGHILQLWHVHQVHRIFRPLQJGDQJHU,SODFHG
P\VHOIEOLQGO\DQGGHYRWHGO\DW\RXUVHUYLFHDVNLQJQR
RWKHUUHZDUGWKDQWKHSOHDVXUHRIEHLQJXVHIXOWR\RXDQG
KDYH,HYHUVLQFHE\ZRUGRUORRNJLYHQ\RXFDXVHRI
UHJUHWIRUKDYLQJVHOHFWHGPHIURPWKHQXPEHUVWKDWZRXOG
ZLOOLQJO\KDYHVDFULILFHGWKHLUOLYHVIRU\RX"<RXWROGPH
P\GHDU9DOHQWLQHWKDW\RXZHUHHQJDJHGWR0G
(SLQD\DQG
WKDW\RXUIDWKHUZDVUHVROYHGXSRQFRPSOHWLQJWKHPDWFKDQG
WKDWIURPKLVZLOOWKHUHZDVQRDSSHDODV0GH9LOOHIRUW
ZDVQHYHUNQRZQWRFKDQJHDGHWHUPLQDWLRQRQFHIRUPHG,
NHSWLQWKHEDFNJURXQGDV\RXZLVKHGDQGZDLWHGQRWIRU
WKHGHFLVLRQRI\RXUKHDUWRUP\RZQEXWKRSLQJWKDW
SURYLGHQFHZRXOGJUDFLRXVO\LQWHUSRVHLQRXUEHKDOIDQG
RUGHUHYHQWVLQRXUIDYRU%XWZKDWFDUHG,IRUGHOD\VRU
GLIILFXOWLHV9DOHQWLQHDVORQJDV\RXFRQIHVVHGWKDW\RX
ORYHGPHDQGWRRNSLW\RQPH",I\RXZLOORQO\UHSHDWWKDW
DYRZDOQRZDQGWKHQ,FDQHQGXUHDQ\WKLQJ
$K0D[LPLOLDQWKDWLVWKHYHU\WKLQJWKDWPDNHV\RXVR
EROGDQGZKLFKUHQGHUVPHDWRQFHVRKDSS\DQGXQKDSS\
WKDW,IUHTXHQWO\DVNP\VHOIZKHWKHULWLVEHWWHUIRUPHWR
HQGXUHWKHKDUVKQHVVRIP\PRWKHULQODZDQGKHUEOLQG
SUHIHUHQFHIRUKHURZQFKLOGRUWREHDV,QRZDP
LQVHQVLEOHWRDQ\SOHDVXUHVDYHVXFKDV,ILQGLQWKHVH
PHHWLQJVVRIUDXJKWZLWKGDQJHUWRERWK
,ZLOOQRWDGPLWWKDWZRUGUHWXUQHGWKH\RXQJPDQLWLV
DWRQFHFUXHODQGXQMXVW,VLWSRVVLEOHWRILQGDPRUH
VXEPLVVLYHVODYHWKDQP\VHOI"<RXKDYHSHUPLWWHGPHWR
FRQYHUVHZLWK\RXIURPWLPHWRWLPH9DOHQWLQHEXW
IRUELGGHQP\HYHUIROORZLQJ\RXLQ\RXUZDONVRUHOVHZKHUH
KDYH,QRWREH\HG"$QGVLQFH,IRXQGPHDQVWRHQWHUWKLV
HQFORVXUHWRH[FKDQJHDIHZZRUGVZLWK\RXWKURXJKWKLVJDWH
WREHFORVHWR\RXZLWKRXWUHDOO\VHHLQJ\RXKDYH,
HYHUDVNHGVRPXFKDVWRWRXFKWKHKHPRI\RXUJRZQRUWULHG
WRSDVVWKLVEDUULHUZKLFKLVEXWDWULIOHWRRQHRIP\
\RXWKDQGVWUHQJWK"1HYHUKDVDFRPSODLQWRUDPXUPXU
HVFDSHGPH,KDYHEHHQERXQGE\P\SURPLVHVDVULJLGO\DV
DQ\NQLJKWRIROGHQWLPHV&RPHFRPHGHDUHVW9DOHQWLQH

645

FRQIHVVWKDWZKDW,VD\LVWUXHOHVW,EHWHPSWHGWRFDOO
\RXXQMXVW
,WLVWUXHVDLG9DOHQWLQHDVVKHSDVVHGWKHHQGRIKHU
VOHQGHUILQJHUVWKURXJKDVPDOORSHQLQJLQWKHSODQNVDQG
SHUPLWWHG0D[LPLOLDQWRSUHVVKLVOLSVWRWKHPDQG\RXDUH
DWUXHDQGIDLWKIXOIULHQGEXWVWLOO\RXDFWHGIURPPRWLYHV
RIVHOILQWHUHVWP\GHDU0D[LPLOLDQIRU\RXZHOONQHZWKDW
IURPWKHPRPHQWLQZKLFK\RXKDGPDQLIHVWHGDQRSSRVLWH
VSLULWDOOZRXOGKDYHEHHQHQGHGEHWZHHQXV<RXSURPLVHGWR
EHVWRZRQPHWKHIULHQGO\DIIHFWLRQRIDEURWKHU)RU,KDYH
QRIULHQGEXW\RXUVHOIXSRQHDUWKZKRDPQHJOHFWHGDQG
IRUJRWWHQE\P\IDWKHUKDUDVVHGDQGSHUVHFXWHGE\P\
PRWKHULQODZDQGOHIWWRWKHVROHFRPSDQLRQVKLSRID
SDUDO\]HGDQGVSHHFKOHVVROGPDQZKRVHZLWKHUHGKDQGFDQQR
ORQJHUSUHVVPLQHDQGZKRFDQVSHDNWRPHZLWKWKHH\H
DORQHDOWKRXJKWKHUHVWLOOOLQJHUVLQKLVKHDUWWKHZDUPHVW
WHQGHUQHVVIRUKLVSRRUJUDQGFKLOG2KKRZELWWHUDIDWHLV
PLQHWRVHUYHHLWKHUDVDYLFWLPRUDQHQHP\WRDOOZKRDUH
VWURQJHUWKDQP\VHOIZKLOHP\RQO\IULHQGDQGVXSSRUWHULV
DOLYLQJFRUSVH,QGHHGLQGHHG0D[LPLOLDQ,DPYHU\
PLVHUDEOHDQGLI\RXORYHPHLWPXVWEHRXWRISLW\
9DOHQWLQHUHSOLHGWKH\RXQJPDQGHHSO\DIIHFWHG,ZLOO
QRWVD\\RXDUHDOO,ORYHLQWKHZRUOGIRU,GHDUO\SUL]H
P\VLVWHUDQGEURWKHULQODZEXWP\DIIHFWLRQIRUWKHPLV
FDOPDQGWUDQTXLOLQQRPDQQHUUHVHPEOLQJZKDW,IHHOIRU
\RX:KHQ,WKLQNRI\RXP\KHDUWEHDWVIDVWWKHEORRG
EXUQVLQP\YHLQVDQG,FDQKDUGO\EUHDWKHEXW,VROHPQO\
SURPLVH\RXWRUHVWUDLQDOOWKLVDUGRUWKLVIHUYRUDQG
LQWHQVLW\RIIHHOLQJXQWLO\RX\RXUVHOIVKDOOUHTXLUHPHWR
UHQGHUWKHPDYDLODEOHLQVHUYLQJRUDVVLVWLQJ\RX0)UDQ]
LVQRWH[SHFWHGWRUHWXUQKRPHIRUD\HDUWRFRPH,DP
WROGLQWKDWWLPHPDQ\IDYRUDEOHDQGXQIRUHVHHQFKDQFHVPD\
EHIULHQGXV/HWXVWKHQKRSHIRUWKHEHVWKRSHLVVR
VZHHWDFRPIRUWHU0HDQZKLOH9DOHQWLQHZKLOHUHSURDFKLQJ
PHZLWKVHOILVKQHVVWKLQNDOLWWOHZKDW\RXKDYHEHHQWRPH
WKHEHDXWLIXOEXWFROGUHVHPEODQFHRIDPDUEOH9HQXV
:KDWSURPLVHRIIXWXUHUHZDUGKDYH\RXPDGHPHIRUDOOWKH
VXEPLVVLRQDQGREHGLHQFH,KDYHHYLQFHG"QRQHZKDWHYHU
:KDWJUDQWHGPH"VFDUFHO\PRUH<RXWHOOPHRI0)UDQ]
G
(SLQD\\RXUEHWURWKHGORYHUDQG\RXVKULQNIURPWKHLGHD
RIEHLQJKLVZLIHEXWWHOOPH9DOHQWLQHLVWKHUHQRRWKHU
VRUURZLQ\RXUKHDUW"<RXVHHPHGHYRWHGWR\RXERG\DQG

646

VRXOP\OLIHDQGHDFKZDUPGURSWKDWFLUFOHVURXQGP\KHDUW
DUHFRQVHFUDWHGWR\RXUVHUYLFH\RXNQRZIXOOZHOOWKDWP\
H[LVWHQFHLVERXQGXSLQ\RXUVWKDWZHUH,WRORVH\RX,
ZRXOGQRWRXWOLYHWKHKRXURIVXFKFUXVKLQJPLVHU\\HW\RX
VSHDNZLWKFDOPQHVVRIWKHSURVSHFWRI\RXUEHLQJWKHZLIH
RIDQRWKHU2K9DOHQWLQHZHUH,LQ\RXUSODFHDQGGLG,
IHHOFRQVFLRXVDV\RXGRRIEHLQJZRUVKLSSHGDGRUHGZLWK
VXFKDORYHDVPLQHDKXQGUHGWLPHVDWOHDVWVKRXOG,KDYH
SDVVHGP\KDQGEHWZHHQWKHVHLURQEDUVDQGVDLGC7DNHWKLV
KDQGGHDUHVW0D[LPLOLDQDQGEHOLHYHWKDWOLYLQJRUGHDG
,DP\RXUV\RXUVRQO\DQGIRUHYHU
7KHSRRUJLUOPDGH
QRUHSO\EXWKHUORYHUFRXOGSODLQO\KHDUKHUVREVDQG
WHDUV$UDSLGFKDQJHWRRNSODFHLQWKH\RXQJPDQ
V
IHHOLQJV'HDUHVWGHDUHVW9DOHQWLQHH[FODLPHGKH
IRUJLYHPHLI,KDYHRIIHQGHG\RXDQGIRUJHWWKHZRUGV,
VSRNHLIWKH\KDYHXQZLWWLQJO\FDXVHG\RXSDLQ
1R0D[LPLOLDQ,DPQRWRIIHQGHGDQVZHUHGVKHEXWGR
\RXQRWVHHZKDWDSRRUKHOSOHVVEHLQJ,DPDOPRVWD
VWUDQJHUDQGDQRXWFDVWLQP\IDWKHU
VKRXVHZKHUHHYHQKH
LVVHOGRPVHHQZKRVHZLOOKDVEHHQWKZDUWHGDQGVSLULWV
EURNHQIURPWKHDJHRIWHQ\HDUVEHQHDWKWKHLURQURGVR
VWHUQO\KHOGRYHUPHRSSUHVVHGPRUWLILHGDQGSHUVHFXWHG
GD\E\GD\KRXUE\KRXUPLQXWHE\PLQXWHQRSHUVRQKDV
FDUHGIRUHYHQREVHUYHGP\VXIIHULQJVQRUKDYH,HYHU
EUHDWKHGRQHZRUGRQWKHVXEMHFWVDYHWR\RXUVHOI2XWZDUGO\
DQGLQWKHH\HVRIWKHZRUOG,DPVXUURXQGHGE\NLQGQHVV
DQGDIIHFWLRQEXWWKHUHYHUVHLVWKHFDVH7KHJHQHUDO
UHPDUNLVC2KLWFDQQRWEHH[SHFWHGWKDWRQHRIVRVWHUQD
FKDUDFWHUDV09LOOHIRUWFRXOGODYLVKWKHWHQGHUQHVVVRPH
IDWKHUVGRRQWKHLUGDXJKWHUV:KDWWKRXJKVKHKDVORVWKHU
RZQPRWKHUDWDWHQGHUDJHVKHKDVKDGWKHKDSSLQHVVWR
ILQGDVHFRQGPRWKHULQ0DGDPHGH9LOOHIRUW
7KHZRUOG
KRZHYHULVPLVWDNHQP\IDWKHUDEDQGRQVPHIURPXWWHU
LQGLIIHUHQFHZKLOHP\PRWKHULQODZGHWHVWVPHZLWKD
KDWUHGVRPXFKWKHPRUHWHUULEOHEHFDXVHLWLVYHLOHG
EHQHDWKDFRQWLQXDOVPLOH
+DWH\RXVZHHW9DOHQWLQHH[FODLPHGWKH\RXQJPDQKRZ
LVLWSRVVLEOHIRUDQ\RQHWRGRWKDW"
$ODVUHSOLHGWKHZHHSLQJJLUO,DPREOLJHGWRRZQWKDW
P\PRWKHULQODZ
VDYHUVLRQWRPHDULVHVIURPDYHU\QDWXUDO
VRXUFHKHURYHUZHHQLQJORYHIRUKHURZQFKLOGP\EURWKHU

647

(GZDUG
%XWZK\VKRXOGLW"
,GRQRWNQRZEXWWKRXJKXQZLOOLQJWRLQWURGXFHPRQH\
PDWWHUVLQWRRXUSUHVHQWFRQYHUVDWLRQ,ZLOOMXVWVD\WKLV
PXFKWKDWKHUH[WUHPHGLVOLNHWRPHKDVLWVRULJLQWKHUH
DQG,PXFKIHDUVKHHQYLHVPHWKHIRUWXQH,HQMR\LQULJKW
RIP\PRWKHUDQGZKLFKZLOOEHPRUHWKDQGRXEOHGDWWKH
GHDWKRI0DQG0PHGH6DLQW0HUDQZKRVHVROHKHLUHVV,
DP0DGDPHGH9LOOHIRUWKDVQRWKLQJRIKHURZQDQGKDWHVPH
IRUEHLQJVRULFKO\HQGRZHG$ODVKRZJODGO\ZRXOG,
H[FKDQJHWKHKDOIRIWKLVZHDOWKIRUWKHKDSSLQHVVRIDW
OHDVWVKDULQJP\IDWKHU
VORYH*RGNQRZV,ZRXOGSUHIHU
VDFULILFLQJWKHZKROHVRWKDWLWZRXOGREWDLQPHDKDSS\
DQGDIIHFWLRQDWHKRPH
3RRU9DOHQWLQH
,VHHPWRP\VHOIDVWKRXJKOLYLQJDOLIHRIERQGDJH\HWDW
WKHVDPHWLPHDPVRFRQVFLRXVRIP\RZQZHDNQHVVWKDW,IHDU
WREUHDNWKHUHVWUDLQWLQZKLFK,DPKHOGOHVW,IDOO
XWWHUO\KHOSOHVV7KHQWRRP\IDWKHULVQRWDSHUVRQZKRVH
RUGHUVPD\EHLQIULQJHGZLWKLPSXQLW\SURWHFWHGDVKHLVE\
KLVKLJKSRVLWLRQDQGILUPO\HVWDEOLVKHGUHSXWDWLRQIRU
WDOHQWDQGXQVZHUYLQJLQWHJULW\QRRQHFRXOGRSSRVHKLPKH
LVDOOSRZHUIXOHYHQZLWKWKHNLQJKHZRXOGFUXVK\RXDWD
ZRUG'HDU0D[LPLOLDQEHOLHYHPHZKHQ,DVVXUH\RXWKDWLI
,GRQRWDWWHPSWWRUHVLVWP\IDWKHU
VFRPPDQGVLWLVPRUH
RQ\RXUDFFRXQWWKDQP\RZQ
%XWZK\9DOHQWLQHGR\RXSHUVLVWLQDQWLFLSDWLQJWKH
ZRUVWZK\SLFWXUHVRJORRP\DIXWXUH"
%HFDXVH,MXGJHLWIURPWKHSDVW
6WLOOFRQVLGHUWKDWDOWKRXJK,PD\QRWEHVWULFWO\
VSHDNLQJZKDWLVWHUPHGDQLOOXVWULRXVPDWFKIRU\RX,DP
IRUPDQ\UHDVRQVQRWDOWRJHWKHUVRPXFKEHQHDWK\RXU
DOOLDQFH7KHGD\VZKHQVXFKGLVWLQFWLRQVZHUHVRQLFHO\
ZHLJKHGDQGFRQVLGHUHGQRORQJHUH[LVWLQ)UDQFHDQGWKH
ILUVWIDPLOLHVRIWKHPRQDUFK\KDYHLQWHUPDUULHGZLWKWKRVH
RIWKHHPSLUH7KHDULVWRFUDF\RIWKHODQFHKDVDOOLHG
LWVHOIZLWKWKHQRELOLW\RIWKHFDQQRQ1RZ,EHORQJWRWKLV

648

ODVWQDPHGFODVVDQGFHUWDLQO\P\SURVSHFWVRIPLOLWDU\
SUHIHUPHQWDUHPRVWHQFRXUDJLQJDVZHOODVFHUWDLQ0\
IRUWXQHWKRXJKVPDOOLVIUHHDQGXQIHWWHUHGDQGWKH
PHPRU\RIP\ODWHIDWKHULVUHVSHFWHGLQRXUFRXQWU\
9DOHQWLQHDVWKDWRIWKHPRVWXSULJKWDQGKRQRUDEOH
PHUFKDQWRIWKHFLW\,VD\RXUFRXQWU\EHFDXVH\RXZHUH
ERUQQRWIDUIURP0DUVHLOOHV
'RQ
WVSHDNRI0DUVHLOOHV,EHJRI\RX0D[LPLOLDQWKDW
RQHZRUGEULQJVEDFNP\PRWKHUWRP\UHFROOHFWLRQP\
DQJHOPRWKHUZKRGLHGWRRVRRQIRUP\VHOIDQGDOOZKRNQHZ
KHUEXWZKRDIWHUZDWFKLQJRYHUKHUFKLOGGXULQJWKHEULHI
SHULRGDOORWWHGWRKHULQWKLVZRUOGQRZ,IRQGO\KRSH
ZDWFKHVIURPKHUKRPHLQKHDYHQ2KLIP\PRWKHUZHUHVWLOO
OLYLQJWKHUHZRXOGEHQRWKLQJWRIHDU0D[LPLOLDQIRU,
ZRXOGWHOOKHUWKDW,ORYHG\RXDQGVKHZRXOGSURWHFWXV
,IHDU9DOHQWLQHUHSOLHGWKHORYHUWKDWZHUHVKH
OLYLQJ,VKRXOGQHYHUKDYHKDGWKHKDSSLQHVVRINQRZLQJ\RX
\RXZRXOGWKHQKDYHEHHQWRRKDSS\WRKDYHVWRRSHGIURP\RXU
JUDQGHXUWREHVWRZDWKRXJKWRQPH
1RZLWLV\RXZKRDUHXQMXVW0D[LPLOLDQFULHG9DOHQWLQH
EXWWKHUHLVRQHWKLQJ,ZLVKWRNQRZ
$QGZKDWLVWKDW"LQTXLUHGWKH\RXQJPDQSHUFHLYLQJWKDW
9DOHQWLQHKHVLWDWHG
7HOOPHWUXO\0D[LPLOLDQZKHWKHULQIRUPHUGD\VZKHQRXU
IDWKHUVGZHOWDW0DUVHLOOHVWKHUHZDVHYHUDQ\
PLVXQGHUVWDQGLQJEHWZHHQWKHP"
1RWWKDW,DPDZDUHRIUHSOLHGWKH\RXQJPDQXQOHVV
LQGHHGDQ\LOOIHHOLQJPLJKWKDYHDULVHQIURPWKHLUEHLQJ
RIRSSRVLWHSDUWLHV\RXUIDWKHUZDVDV\RXNQRZD
]HDORXVSDUWLVDQRIWKH%RXUERQVZKLOHPLQHZDVZKROO\
GHYRWHGWRWKHHPSHURUWKHUHFRXOGQRWSRVVLEO\EHDQ\
RWKHUGLIIHUHQFHEHWZHHQWKHP%XWZK\GR\RXDVN"
,ZLOOWHOO\RXUHSOLHGWKH\RXQJJLUOIRULWLVEXW
ULJKW\RXVKRXOGNQRZ:HOORQWKHGD\ZKHQ\RXU
DSSRLQWPHQWDVDQRIILFHURIWKH/HJLRQRIKRQRUZDV
DQQRXQFHGLQWKHSDSHUVZHZHUHDOOVLWWLQJZLWKP\
JUDQGIDWKHU01RLUWLHU0'DQJODUVZDVWKHUHDOVR\RX

649

UHFROOHFW0'DQJODUVGR\RXQRW0D[LPLOLDQWKHEDQNHU
ZKRVHKRUVHVUDQDZD\ZLWKP\PRWKHULQODZDQGOLWWOH
EURWKHUDQGYHU\QHDUO\NLOOHGWKHP":KLOHWKHUHVWRIWKH
FRPSDQ\ZHUHGLVFXVVLQJWKHDSSURDFKLQJPDUULDJHRI
0DGHPRLVHOOH'DQJODUV,ZDVUHDGLQJWKHSDSHUWRP\
JUDQGIDWKHUEXWZKHQ,FDPHWRWKHSDUDJUDSKDERXW\RX
DOWKRXJK,KDGGRQHQRWKLQJHOVHEXWUHDGLWRYHUWRP\VHOI
DOOWKHPRUQLQJ \RXNQRZ\RXKDGWROGPHDOODERXWLWWKH
SUHYLRXVHYHQLQJ ,IHOWVRKDSS\DQG\HWVRQHUYRXVDW
WKHLGHDRIVSHDNLQJ\RXUQDPHDORXGDQGEHIRUHVRPDQ\
SHRSOHWKDW,UHDOO\WKLQN,VKRXOGKDYHSDVVHGLWRYHU
EXWIRUWKHIHDUWKDWP\GRLQJVRPLJKWFUHDWHVXVSLFLRQVDV
WRWKHFDXVHRIP\VLOHQFHVR,VXPPRQHGXSDOOP\FRXUDJH
DQGUHDGLWDVILUPO\DQGDVVWHDGLO\DV,FRXOG
'HDU9DOHQWLQH
:HOOZRXOG\RXEHOLHYHLW"GLUHFWO\P\IDWKHUFDXJKWWKH
VRXQGRI\RXUQDPHKHWXUQHGURXQGTXLWHKDVWLO\DQGOLNH
DSRRUVLOO\WKLQJ,ZDVVRSHUVXDGHGWKDWHYHU\RQHPXVW
EHDVPXFKDIIHFWHGDVP\VHOIE\WKHXWWHUDQFHRI\RXUQDPH
WKDW,ZDVQRWVXUSULVHGWRVHHP\IDWKHUVWDUWDQGDOPRVW
WUHPEOHEXW,HYHQWKRXJKW WKRXJKWKDWVXUHO\PXVWKDYH
EHHQDPLVWDNH WKDW0'DQJODUVWUHPEOHGWRR
C0RUUHO0RUUHO
FULHGP\IDWKHUCVWRSDELW
WKHQ
NQLWWLQJKLVEURZVLQWRDGHHSIURZQKHDGGHGCVXUHO\WKLV
FDQQRWEHRQHRIWKH0RUUHOIDPLO\ZKROLYHGDW0DUVHLOOHV
DQGJDYHXVVRPXFKWURXEOHIURPWKHLUYLROHQW%RQDSDUWLVP
,PHDQDERXWWKH\HDU
C<HV
UHSOLHG0
'DQJODUVC,EHOLHYHKHLVWKHVRQRIWKHROGVKLSRZQHU

,QGHHGDQVZHUHG0D[LPLOLDQDQGZKDWGLG\RXUIDWKHUVD\
WKHQ9DOHQWLQH"
2KVXFKDGUHDGIXOWKLQJWKDW,GRQ
WGDUHWRWHOO\RX
$OZD\VWHOOPHHYHU\WKLQJVDLG0D[LPLOLDQZLWKDVPLOH
C$K
FRQWLQXHGP\IDWKHUVWLOOIURZQLQJCWKHLULGROL]HG
HPSHURUWUHDWHGWKHVHPDGPHQDVWKH\GHVHUYHGKHFDOOHG
WKHPCIRRGIRUSRZGHU
ZKLFKZDVSUHFLVHO\DOOWKH\ZHUH
JRRGIRUDQG,DPGHOLJKWHGWRVHHWKDWWKHSUHVHQW
JRYHUQPHQWKDYHDGRSWHGWKLVVDOXWDU\SULQFLSOHZLWKDOOLWV

650

SULVWLQHYLJRULI$OJLHUVZHUHJRRGIRUQRWKLQJEXWWR
IXUQLVKWKHPHDQVRIFDUU\LQJVRDGPLUDEOHDQLGHDLQWR
SUDFWLFHLWZRXOGEHDQDFTXLVLWLRQZHOOZRUWK\RI
VWUXJJOLQJWRREWDLQ7KRXJKLWFHUWDLQO\GRHVFRVW)UDQFH
VRPHZKDWGHDUWRDVVHUWKHUULJKWVLQWKDWXQFLYLOL]HG
FRXQWU\

%UXWDOSROLWLFV,PXVWFRQIHVVVDLG0D[LPLOLDQEXW
GRQ
WDWWDFKDQ\VHULRXVLPSRUWDQFHGHDUWRZKDW\RXU
IDWKHUVDLG0\IDWKHUZDVQRWDELWEHKLQG\RXUVLQWKDW
VRUWRIWDONC:K\
VDLGKHCGRHVQRWWKHHPSHURUZKRKDV
GHYLVHGVRPDQ\FOHYHUDQGHIILFLHQWPRGHVRILPSURYLQJWKH
DUWRIZDURUJDQL]HDUHJLPHQWRIODZ\HUVMXGJHVDQGOHJDO
SUDFWLWLRQHUVVHQGLQJWKHPLQWKHKRWWHVWILUHWKHHQHP\
FRXOGPDLQWDLQDQGXVLQJWKHPWRVDYHEHWWHUPHQ"
<RXVHH
P\GHDUWKDWIRUSLFWXUHVTXHH[SUHVVLRQDQGJHQHURVLW\RI
VSLULWWKHUHLVQRWPXFKWRFKRRVHEHWZHHQWKHODQJXDJHRI
HLWKHUSDUW\%XWZKDWGLG0'DQJODUVVD\WRWKLVRXWEXUVW
RQWKHSDUWRIWKHSURFXUHXU"
2KKHODXJKHGDQGLQWKDWVLQJXODUPDQQHUVRSHFXOLDUWR
KLPVHOIKDOIPDOLFLRXVKDOIIHURFLRXVKHDOPRVW
LPPHGLDWHO\JRWXSDQGWRRNKLVOHDYHWKHQIRUWKHILUVW
WLPH,REVHUYHGWKHDJLWDWLRQRIP\JUDQGIDWKHUDQG,PXVW
WHOO\RX0D[LPLOLDQWKDW,DPWKHRQO\SHUVRQFDSDEOHRI
GLVFHUQLQJHPRWLRQLQKLVSDUDO\]HGIUDPH$QG,VXVSHFWHG
WKDWWKHFRQYHUVDWLRQWKDWKDGEHHQFDUULHGRQLQKLV
SUHVHQFH IRUWKH\DOZD\VVD\DQGGRZKDWWKH\OLNHEHIRUH
WKHGHDUROGPDQZLWKRXWWKHVPDOOHVWUHJDUGIRUKLV
IHHOLQJV KDGPDGHDVWURQJLPSUHVVLRQRQKLVPLQGIRU
QDWXUDOO\HQRXJKLWPXVWKDYHSDLQHGKLPWRKHDUWKH
HPSHURUKHVRGHYRWHGO\ORYHGDQGVHUYHGVSRNHQRILQWKDW
GHSUHFLDWLQJPDQQHU
7KHQDPHRI01RLUWLHULQWHUSRVHG0D[LPLOLDQLV
FHOHEUDWHGWKURXJKRXW(XURSHKHZDVDVWDWHVPDQRIKLJK
VWDQGLQJDQG\RXPD\RUPD\QRWNQRZ9DOHQWLQHWKDWKH
WRRNDOHDGLQJSDUWLQHYHU\%RQDSDUWLVWFRQVSLUDF\VHWRQ
IRRWGXULQJWKHUHVWRUDWLRQRIWKH%RXUERQV
2K,KDYHRIWHQKHDUGZKLVSHUVRIWKLQJVWKDWVHHPWRPH
PRVWVWUDQJHWKHIDWKHUD%RQDSDUWLVWWKHVRQD
5R\DOLVWZKDWFDQKDYHEHHQWKHUHDVRQRIVRVLQJXODUD
GLIIHUHQFHLQSDUWLHVDQGSROLWLFV"%XWWRUHVXPHP\VWRU\

651

,WXUQHGWRZDUGVP\JUDQGIDWKHUDVWKRXJKWRTXHVWLRQKLP
DVWRWKHFDXVHRIKLVHPRWLRQKHORRNHGH[SUHVVLYHO\DW
WKHQHZVSDSHU,KDGEHHQUHDGLQJC:KDWLVWKHPDWWHUGHDU
JUDQGIDWKHU"
VDLG,CDUH\RXSOHDVHG"
+HJDYHPHDVLJQ
LQWKHDIILUPDWLYHC:LWKZKDWP\IDWKHUVDLGMXVWQRZ"
+H
UHWXUQHGDVLJQLQWKHQHJDWLYHC3HUKDSV\RXOLNHGZKDW0
'DQJODUVVDLG"
$QRWKHUVLJQLQWKHQHJDWLYHC2KWKHQ\RX
ZHUHJODGWRKHDUWKDW00RUUHO ,GLGQ
WGDUHWRVD\
0D[LPLOLDQ KDGEHHQPDGHDQRIILFHURIWKH/HJLRQRI
+RQRU"
+HVLJQLILHGDVVHQWRQO\WKLQNRIWKHSRRUROG
PDQ
VEHLQJVRSOHDVHGWRWKLQNWKDW\RXZKRZHUHDSHUIHFW
VWUDQJHUWRKLPKDGEHHQPDGHDQRIILFHURIWKH/HJLRQRI
+RQRU3HUKDSVLWZDVDPHUHZKLPRQKLVSDUWIRUKHLV
IDOOLQJWKH\VD\LQWRVHFRQGFKLOGKRRGEXW,ORYHKLPIRU
VKRZLQJVRPXFKLQWHUHVWLQ\RX
+RZVLQJXODUPXUPXUHG0D[LPLOLDQ\RXUIDWKHUKDWHVPH
ZKLOH\RXUJUDQGIDWKHURQWKHFRQWUDU\:KDWVWUDQJH
IHHOLQJVDUHDURXVHGE\SROLWLFV
+XVKFULHG9DOHQWLQHVXGGHQO\VRPHRQHLVFRPLQJ
0D[LPLOLDQOHDSHGDWRQHERXQGLQWRKLVFURSRIOXFHUQH
ZKLFKKHEHJDQWRSXOOXSLQWKHPRVWUXWKOHVVZD\XQGHU
WKHSUHWH[WRIEHLQJRFFXSLHGLQZHHGLQJLW
0DGHPRLVHOOHPDGHPRLVHOOHH[FODLPHGDYRLFHIURPEHKLQG
WKHWUHHV0DGDPHLVVHDUFKLQJIRU\RXHYHU\ZKHUHWKHUHLV
DYLVLWRULQWKHGUDZLQJURRP
$YLVLWRU"LQTXLUHG9DOHQWLQHPXFKDJLWDWHGZKRLVLW"
6RPHJUDQGSHUVRQDJHDSULQFH,EHOLHYHWKH\VDLGWKH
&RXQWRI0RQWH&ULVWR
,ZLOOFRPHGLUHFWO\FULHG9DOHQWLQHDORXG7KHQDPHRI
0RQWH&ULVWRVHQWDQHOHFWULFVKRFNWKURXJKWKH\RXQJPDQRQ
WKHRWKHUVLGHRIWKHLURQJDWHWRZKRP9DOHQWLQH
V,DP
FRPLQJZDVWKHFXVWRPDU\VLJQDORIIDUHZHOO1RZWKHQ
VDLG0D[LPLOLDQOHDQLQJRQWKHKDQGOHRIKLVVSDGH,
ZRXOGJLYHDJRRGGHDOWRNQRZKRZLWFRPHVDERXWWKDWWKH
&RXQWRI0RQWH&ULVWRLVDFTXDLQWHGZLWK0GH9LOOHIRUW

652

&KDSWHU
7R[LFRORJ\
,WZDVUHDOO\WKH&RXQWRI0RQWH&ULVWRZKRKDGMXVWDUULYHG
DW0DGDPHGH9LOOHIRUW
VIRUWKHSXUSRVHRIUHWXUQLQJWKH
SURFXUHXU
VYLVLWDQGDWKLVQDPHDVPD\EHHDVLO\
LPDJLQHGWKHZKROHKRXVHZDVLQFRQIXVLRQ0DGDPHGH
9LOOHIRUWZKRZDVDORQHLQKHUGUDZLQJURRPZKHQWKHFRXQW
ZDVDQQRXQFHGGHVLUHGWKDWKHUVRQPLJKWEHEURXJKWWKLWKHU
LQVWDQWO\WRUHQHZKLVWKDQNVWRWKHFRXQWDQG(GZDUGZKR
KHDUGWKLVJUHDWSHUVRQDJHWDONHGRIIRUWZRZKROHGD\V
PDGHDOOSRVVLEOHKDVWHWRFRPHWRKLPQRWIURPREHGLHQFH
WRKLVPRWKHURURXWRIDQ\IHHOLQJRIJUDWLWXGHWRWKH
FRXQWEXWIURPVKHHUFXULRVLW\DQGWKDWVRPHFKDQFHUHPDUN
PLJKWJLYHKLPWKHRSSRUWXQLW\IRUPDNLQJRQHRIWKH
LPSHUWLQHQWVSHHFKHVZKLFKPDGHKLVPRWKHUVD\2KWKDW
QDXJKW\FKLOG%XW,FDQ
WEHVHYHUHZLWKKLPKHLVUHDOO\
VREULJKW
$IWHUWKHXVXDOFLYLOLWLHVWKHFRXQWLQTXLUHGDIWHU0GH
9LOOHIRUW0\KXVEDQGGLQHVZLWKWKHFKDQFHOORUUHSOLHG
WKH\RXQJODG\KHKDVMXVWJRQHDQG,DPVXUHKH
OOEH
H[FHHGLQJO\VRUU\QRWWRKDYHKDGWKHSOHDVXUHRIVHHLQJ\RX
EHIRUHKHZHQW7ZRYLVLWRUVZKRZHUHWKHUHZKHQWKHFRXQW
DUULYHGKDYLQJJD]HGDWKLPZLWKDOOWKHLUH\HVUHWLUHG
DIWHUWKDWUHDVRQDEOHGHOD\ZKLFKSROLWHQHVVDGPLWVDQG
FXULRVLW\UHTXLUHV:KDWLV\RXUVLVWHU9DOHQWLQHGRLQJ"
LQTXLUHG0DGDPHGH9LOOHIRUWRI(GZDUGWHOOVRPHRQHWR
ELGKHUFRPHKHUHWKDW,PD\KDYHWKHKRQRURILQWURGXFLQJ
KHUWRWKHFRXQW
<RXKDYHDGDXJKWHUWKHQPDGDPH"LQTXLUHGWKHFRXQW
YHU\\RXQJ,SUHVXPH"
7KHGDXJKWHURI0GH9LOOHIRUWE\KLVILUVWPDUULDJH
UHSOLHGWKH\RXQJZLIHDILQHZHOOJURZQJLUO
%XWPHODQFKRO\LQWHUUXSWHG0DVWHU(GZDUGVQDWFKLQJWKH
IHDWKHUVRXWRIWKHWDLORIDVSOHQGLGSDUURTXHWWKDWZDV
VFUHDPLQJRQLWVJLOGHGSHUFKLQRUGHUWRPDNHDSOXPHIRU
KLVKDW0DGDPHGH9LOOHIRUWPHUHO\FULHG%HVWLOO
(GZDUG6KHWKHQDGGHG7KLV\RXQJPDGFDSLVKRZHYHU
YHU\QHDUO\ULJKWDQGPHUHO\UHHFKRHVZKDWKHKDVKHDUGPH
VD\ZLWKSDLQDKXQGUHGWLPHVIRU0DGHPRLVHOOHGH9LOOHIRUW

653

LVLQVSLWHRIDOOZHFDQGRWRURXVHKHURIDPHODQFKRO\
GLVSRVLWLRQDQGWDFLWXUQKDELWZKLFKIUHTXHQWO\LQMXUHWKH
HIIHFWRIKHUEHDXW\%XWZKDWGHWDLQVKHU"*R(GZDUGDQG
VHH
%HFDXVHWKH\DUHORRNLQJIRUKHUZKHUHVKHLVQRWWREH
IRXQG
$QGZKHUHDUHWKH\ORRNLQJIRUKHU"
:LWKJUDQGSDSD1RLUWLHU
$QGGR\RXWKLQNVKHLVQRWWKHUH"
1RQRQRQRQRVKHLVQRWWKHUHUHSOLHG(GZDUG
VLQJLQJKLVZRUGV
$QGZKHUHLVVKHWKHQ",I\RXNQRZZK\GRQ
W\RXWHOO"
6KHLVXQGHUWKHELJFKHVWQXWWUHHUHSOLHGWKHVSRLOHG
EUDWDVKHJDYHLQVSLWHRIKLVPRWKHU
VFRPPDQGVOLYH
IOLHVWRWKHSDUURWZKLFKVHHPHGNHHQO\WRUHOLVKVXFK
IDUH0DGDPHGH9LOOHIRUWVWUHWFKHGRXWKHUKDQGWRULQJ
LQWHQGLQJWRGLUHFWKHUZDLWLQJPDLGWRWKHVSRWZKHUHVKH
ZRXOGILQG9DOHQWLQHZKHQWKH\RXQJODG\KHUVHOIHQWHUHG
WKHDSDUWPHQW6KHDSSHDUHGPXFKGHMHFWHGDQGDQ\SHUVRQ
ZKRFRQVLGHUHGKHUDWWHQWLYHO\PLJKWKDYHREVHUYHGWKH
WUDFHVRIUHFHQWWHDUVLQKHUH\HV
9DOHQWLQHZKRPZHKDYHLQWKHUDSLGPDUFKRIRXUQDUUDWLYH
SUHVHQWHGWRRXUUHDGHUVZLWKRXWIRUPDOO\LQWURGXFLQJKHU
ZDVDWDOODQGJUDFHIXOJLUORIQLQHWHHQZLWKEULJKW
FKHVWQXWKDLUGHHSEOXHH\HVDQGWKDWUHSRVHIXODLURI
TXLHWGLVWLQFWLRQZKLFKFKDUDFWHUL]HGKHUPRWKHU+HUZKLWH
DQGVOHQGHUILQJHUVKHUSHDUO\QHFNKHUFKHHNVWLQWHGZLWK
YDU\LQJKXHVUHPLQGHGRQHRIWKHORYHO\(QJOLVKZRPHQZKR
KDYHEHHQVRSRHWLFDOO\FRPSDUHGLQWKHLUPDQQHUWRWKH
JUDFHIXOQHVVRIDVZDQ6KHHQWHUHGWKHDSDUWPHQWDQG
VHHLQJQHDUKHUVWHSPRWKHUWKHVWUDQJHURIZKRPVKHKDG
DOUHDG\KHDUGVRPXFKVDOXWHGKLPZLWKRXWDQ\JLUOLVK
DZNZDUGQHVVRUHYHQORZHULQJKHUH\HVDQGZLWKDQHOHJDQFH
WKDWUHGRXEOHGWKHFRXQW
VDWWHQWLRQ+HURVHWRUHWXUQWKH
VDOXWDWLRQ0DGHPRLVHOOHGH9LOOHIRUWP\GDXJKWHULQODZ
VDLG0DGDPHGH9LOOHIRUWWR0RQWH&ULVWROHDQLQJEDFNRQ

654

KHUVRIDDQGPRWLRQLQJWRZDUGV9DOHQWLQHZLWKKHUKDQG$QG
0GH0RQWH&ULVWR.LQJRI&KLQD(PSHURURI&RFKLQ&KLQD
VDLGWKH\RXQJLPSORRNLQJVO\O\WRZDUGVKLVVLVWHU
0DGDPHGH9LOOHIRUWDWWKLVUHDOO\GLGWXUQSDOHDQGZDV
YHU\QHDUO\DQJU\ZLWKWKLVKRXVHKROGSODJXHZKRDQVZHUHG
WRWKHQDPHRI(GZDUGEXWWKHFRXQWRQWKHFRQWUDU\
VPLOHGDQGDSSHDUHGWRORRNDWWKHER\FRPSODFHQWO\ZKLFK
FDXVHGWKHPDWHUQDOKHDUWWRERXQGDJDLQZLWKMR\DQG
HQWKXVLDVP
%XWPDGDPHUHSOLHGWKHFRXQWFRQWLQXLQJWKH
FRQYHUVDWLRQDQGORRNLQJE\WXUQVDW0DGDPHGH9LOOHIRUW
DQG9DOHQWLQHKDYH,QRWDOUHDG\KDGWKHKRQRURIPHHWLQJ
\RXUVHOIDQGPDGHPRLVHOOHEHIRUH",FRXOGQRWKHOSWKLQNLQJ
VRMXVWQRZWKHLGHDFDPHRYHUP\PLQGDQGDVPDGHPRLVHOOH
HQWHUHGWKHVLJKWRIKHUZDVDQDGGLWLRQDOUD\RIOLJKW
WKURZQRQDFRQIXVHGUHPHPEUDQFHH[FXVHWKHUHPDUN
,GRQRWWKLQNLWOLNHO\VLU0DGHPRLVHOOHGH9LOOHIRUWLV
QRWYHU\IRQGRIVRFLHW\DQGZHYHU\VHOGRPJRRXWVDLG
WKH\RXQJODG\
7KHQLWZDVQRWLQVRFLHW\WKDW,PHWZLWKPDGHPRLVHOOHRU
\RXUVHOIPDGDPHRUWKLVFKDUPLQJOLWWOHPHUU\ER\
%HVLGHVWKH3DULVLDQZRUOGLVHQWLUHO\XQNQRZQWRPHIRU
DV,EHOLHYH,WROG\RX,KDYHEHHQLQ3DULVEXWYHU\IHZ
GD\V1REXWSHUKDSV\RXZLOOSHUPLWPHWRFDOOWR
PLQGVWD\7KH&RXQWSODFHGKLVKDQGRQKLVEURZDVLI
WRFROOHFWKLVWKRXJKWV1RLWZDVVRPHZKHUHDZD\
IURPKHUHLWZDV,GRQRWNQRZEXWLWDSSHDUVWKDW
WKLVUHFROOHFWLRQLVFRQQHFWHGZLWKDORYHO\VN\DQGVRPH
UHOLJLRXVIHWHPDGHPRLVHOOHZDVKROGLQJIORZHUVLQKHU
KDQGWKHLQWHUHVWLQJER\ZDVFKDVLQJDEHDXWLIXOSHDFRFNLQ
DJDUGHQDQG\RXPDGDPHZHUHXQGHUWKHWUHOOLVRIVRPH
DUERU3UD\FRPHWRP\DLGPDGDPHGRQRWWKHVH
FLUFXPVWDQFHVDSSHDOWR\RXUPHPRU\"
1RLQGHHGUHSOLHG0DGDPHGH9LOOHIRUWDQG\HWLW
DSSHDUVWRPHVLUWKDWLI,KDGPHW\RXDQ\ZKHUHWKH
UHFROOHFWLRQRI\RXPXVWKDYHEHHQLPSULQWHGRQP\PHPRU\
3HUKDSVWKHFRXQWVDZXVLQ,WDO\VDLG9DOHQWLQHWLPLGO\

655

<HVLQ,WDO\LWZDVLQ,WDO\PRVWSUREDEO\UHSOLHG
0RQWH&ULVWR\RXKDYHWUDYHOOHGWKHQLQ,WDO\
PDGHPRLVHOOH"
<HVPDGDPHDQG,ZHUHWKHUHWZR\HDUVDJR7KHGRFWRUV
DQ[LRXVIRUP\OXQJVKDGSUHVFULEHGWKHDLURI1DSOHV:H
ZHQWE\%RORJQD3HUXJLDDQG5RPH
$K\HVWUXHPDGHPRLVHOOHH[FODLPHG0RQWH&ULVWRDV
LIWKLVVLPSOHH[SODQDWLRQZDVVXIILFLHQWWRUHYLYHWKH
UHFROOHFWLRQKHVRXJKW,WZDVDW3HUXJLDRQ&RUSXV&KULVWL
'D\LQWKHJDUGHQRIWKH+RWHOGHV3RVWHVZKHQFKDQFH
EURXJKWXVWRJHWKHU\RX0DGDPHGH9LOOHIRUWDQGKHUVRQ
,QRZUHPHPEHUKDYLQJKDGWKHKRQRURIPHHWLQJ\RX
,SHUIHFWO\ZHOOUHPHPEHU3HUXJLDVLUDQGWKH+RWHOGHV
3RVWHVDQGWKHIHVWLYDORIZKLFK\RXVSHDNVDLG0DGDPHGH
9LOOHIRUWEXWLQYDLQGR,WD[P\PHPRU\RIZKRVH
WUHDFKHU\,DPDVKDPHGIRU,UHDOO\GRQRWUHFDOOWRPLQG
WKDW,HYHUKDGWKHSOHDVXUHRIVHHLQJ\RXEHIRUH
,WLVVWUDQJHEXWQHLWKHUGR,UHFROOHFWPHHWLQJZLWK
\RXREVHUYHG9DOHQWLQHUDLVLQJKHUEHDXWLIXOH\HVWRWKH
FRXQW
%XW,UHPHPEHULWSHUIHFWO\LQWHUSRVHGWKHGDUOLQJ
(GZDUG
,ZLOODVVLVW\RXUPHPRU\PDGDPHFRQWLQXHGWKHFRXQW
WKHGD\KDGEHHQEXUQLQJKRW\RXZHUHZDLWLQJIRUKRUVHV
ZKLFKZHUHGHOD\HGLQFRQVHTXHQFHRIWKHIHVWLYDO
0DGHPRLVHOOHZDVZDONLQJLQWKHVKDGHRIWKHJDUGHQDQG
\RXUVRQGLVDSSHDUHGLQSXUVXLWRIWKHSHDFRFN
$QG,FDXJKWLWPDPPDGRQ
W\RXUHPHPEHU"LQWHUSRVHG
(GZDUGDQG,SXOOHGWKUHHVXFKEHDXWLIXOIHDWKHUVRXWRI
KLVWDLO
<RXPDGDPHUHPDLQHGXQGHUWKHDUERUGR\RXQRWUHPHPEHU
WKDWZKLOH\RXZHUHVHDWHGRQDVWRQHEHQFKDQGZKLOHDV,
WROG\RX0DGHPRLVHOOHGH9LOOHIRUWDQG\RXU\RXQJVRQZHUH
DEVHQW\RXFRQYHUVHGIRUDFRQVLGHUDEOHWLPHZLWK
VRPHERG\"

656

<HVLQWUXWK\HVDQVZHUHGWKH\RXQJODG\WXUQLQJYHU\
UHG,GRUHPHPEHUFRQYHUVLQJZLWKDSHUVRQZUDSSHGLQD
ORQJZRROOHQPDQWOHKHZDVDPHGLFDOPDQ,WKLQN
3UHFLVHO\VRPDGDPHWKLVPDQZDVP\VHOIIRUDIRUWQLJKW
,KDGEHHQDWWKDWKRWHOGXULQJZKLFKSHULRG,KDGFXUHGP\
YDOHWGHFKDPEUHRIDIHYHUDQGP\ODQGORUGRIWKH
MDXQGLFHVRWKDW,UHDOO\DFTXLUHGDUHSXWDWLRQDVD
VNLOIXOSK\VLFLDQ:HGLVFRXUVHGDORQJWLPHPDGDPHRQ
GLIIHUHQWVXEMHFWVRI3HUXJLQRRI5DIIDHOOHRIPDQQHUV
FXVWRPVRIWKHIDPRXVDTXDWRIDQDRIZKLFKWKH\KDGWROG
\RX,WKLQN\RXVDLGWKDWFHUWDLQLQGLYLGXDOVLQ3HUXJLD
KDGSUHVHUYHGWKHVHFUHW
<HVWUXHUHSOLHG0DGDPHGH9LOOHIRUWVRPHZKDWXQHDVLO\
,UHPHPEHUQRZ
,GRQRWUHFROOHFWQRZDOOWKHYDULRXVVXEMHFWVRIZKLFKZH
GLVFRXUVHGPDGDPHFRQWLQXHGWKHFRXQWZLWKSHUIHFW
FDOPQHVVEXW,SHUIHFWO\UHPHPEHUWKDWIDOOLQJLQWRWKH
HUURUZKLFKRWKHUVKDGHQWHUWDLQHGUHVSHFWLQJPH\RX
FRQVXOWHGPHDVWRWKHKHDOWKRI0DGHPRLVHOOHGH9LOOHIRUW
<HVUHDOO\VLU\RXZHUHLQIDFWDPHGLFDOPDQVDLG
0DGDPHGH9LOOHIRUWVLQFH\RXKDGFXUHGWKHVLFN
0ROLHUHRU%HDXPDUFKDLVZRXOGUHSO\WR\RXPDGDPHWKDWLW
ZDVSUHFLVHO\EHFDXVH,ZDVQRWWKDW,KDGFXUHGP\
SDWLHQWVIRUP\VHOI,DPFRQWHQWWRVD\WR\RXWKDW,KDYH
VWXGLHGFKHPLVWU\DQGWKHQDWXUDOVFLHQFHVVRPHZKDWGHHSO\
EXWVWLOORQO\DVDQDPDWHXU\RXXQGHUVWDQG$WWKLV
PRPHQWWKHFORFNVWUXFNVL[,WLVVL[R
FORFNVDLG
0DGDPHGH9LOOHIRUWHYLGHQWO\DJLWDWHG9DOHQWLQHZLOO
\RXQRWJRDQGVHHLI\RXUJUDQGSDSDZLOOKDYHKLVGLQQHU"
9DOHQWLQHURVHDQGVDOXWLQJWKHFRXQWOHIWWKHDSDUWPHQW
ZLWKRXWVSHDNLQJ
2KPDGDPHVDLGWKHFRXQWZKHQ9DOHQWLQHKDGOHIWWKH
URRPZDVLWRQP\DFFRXQWWKDW\RXVHQW0DGHPRLVHOOHGH
9LOOHIRUWDZD\"
%\QRPHDQVUHSOLHGWKH\RXQJODG\TXLFNO\EXWWKLVLV
WKHKRXUZKHQZHXVXDOO\JLYH01RLUWLHUWKHXQZHOFRPHPHDO
WKDWVXVWDLQVKLVSLWLIXOH[LVWHQFH<RXDUHDZDUHVLURI

657

WKHGHSORUDEOHFRQGLWLRQRIP\KXVEDQG
VIDWKHU"
<HVPDGDPH0GH9LOOHIRUWVSRNHRILWWRPHD
SDUDO\VLV,WKLQN
$ODV\HVWKHSRRUROGJHQWOHPDQLVHQWLUHO\KHOSOHVVWKH
PLQGDORQHLVVWLOODFWLYHLQWKLVKXPDQPDFKLQHDQGWKDW
LVIDLQWDQGIOLFNHULQJOLNHWKHOLJKWRIDODPSDERXWWR
H[SLUH%XWH[FXVHPHVLUIRUWDONLQJRIRXUGRPHVWLF
PLVIRUWXQHV,LQWHUUXSWHG\RXDWWKHPRPHQWZKHQ\RXZHUH
WHOOLQJPHWKDW\RXZHUHDVNLOIXOFKHPLVW
1RPDGDPH,GLGQRWVD\DVPXFKDVWKDWUHSOLHGWKH
FRXQWZLWKDVPLOHTXLWHWKHFRQWUDU\,KDYHVWXGLHG
FKHPLVWU\EHFDXVHKDYLQJGHWHUPLQHGWROLYHLQHDVWHUQ
FOLPDWHV,KDYHEHHQGHVLURXVRIIROORZLQJWKHH[DPSOHRI
.LQJ0LWKULGDWHV
0LWKULGDWHVUH[3RQWLFXVVDLGWKH\RXQJVFDPSDVKHWRUH
VRPHEHDXWLIXOSRUWUDLWVRXWRIDVSOHQGLGDOEXPWKH
LQGLYLGXDOZKRWRRNFUHDPLQKLVFXSRISRLVRQHYHU\PRUQLQJ
DWEUHDNIDVW
(GZDUG\RXQDXJKW\ER\H[FODLPHG0DGDPHGH9LOOHIRUW
VQDWFKLQJWKHPXWLODWHGERRNIURPWKHXUFKLQ
VJUDVS\RX
DUHSRVLWLYHO\SDVWEHDULQJ\RXUHDOO\GLVWXUEWKH
FRQYHUVDWLRQJROHDYHXVDQGMRLQ\RXUVLVWHU9DOHQWLQH
LQGHDUJUDQGSDSD1RLUWLHU
VURRP
7KHDOEXPVDLG(GZDUGVXONLO\
:KDWGR\RXPHDQ"WKHDOEXP
,ZDQWWKHDOEXP
+RZGDUH\RXWHDURXWWKHGUDZLQJV"
2KLWDPXVHVPH
*RJRDWRQFH
,ZRQ
WJRXQOHVV\RXJLYHPHWKHDOEXPVDLGWKHER\
VHDWLQJKLPVHOIGRJJHGO\LQDQDUPFKDLUDFFRUGLQJWRKLV
KDELWRIQHYHUJLYLQJZD\

658

7DNHLWWKHQDQGSUD\GLVWXUEXVQRORQJHUVDLG0DGDPH
GH9LOOHIRUWJLYLQJWKHDOEXPWR(GZDUGZKRWKHQZHQW
WRZDUGVWKHGRRUOHGE\KLVPRWKHU7KHFRXQWIROORZHGKHU
ZLWKKLVH\HV
/HWXVVHHLIVKHVKXWVWKHGRRUDIWHUKLPKHPXWWHUHG
0DGDPHGH9LOOHIRUWFORVHGWKHGRRUFDUHIXOO\DIWHUWKH
FKLOGWKHFRXQWDSSHDULQJQRWWRQRWLFHKHUWKHQFDVWLQJD
VFUXWLQL]LQJJODQFHDURXQGWKHFKDPEHUWKH\RXQJZLIH
UHWXUQHGWRKHUFKDLULQZKLFKVKHVHDWHGKHUVHOI$OORZ
PHWRREVHUYHPDGDPHVDLGWKHFRXQWZLWKWKDWNLQGWRQH
KHFRXOGDVVXPHVRZHOO\RXDUHUHDOO\YHU\VHYHUHZLWK
WKDWGHDUFOHYHUFKLOG
2KVRPHWLPHVVHYHULW\LVTXLWHQHFHVVDU\UHSOLHG0DGDPH
GH9LOOHIRUWZLWKDOODPRWKHU
VUHDOILUPQHVV
,WZDVKLV&RUQHOLXV1HSRVWKDW0DVWHU(GZDUGZDVUHSHDWLQJ
ZKHQKHUHIHUUHGWR.LQJ0LWKULGDWHVFRQWLQXHGWKHFRXQW
DQG\RXLQWHUUXSWHGKLPLQDTXRWDWLRQZKLFKSURYHVWKDW
KLVWXWRUKDVE\QRPHDQVQHJOHFWHGKLPIRU\RXUVRQLV
UHDOO\DGYDQFHGIRUKLV\HDUV
7KHIDFWLVFRXQWDQVZHUHGWKHPRWKHUDJUHHDEO\
IODWWHUHGKHKDVJUHDWDSWLWXGHDQGOHDUQVDOOWKDWLV
VHWEHIRUHKLP+HKDVEXWRQHIDXOWKHLVVRPHZKDWZLOIXO
EXWUHDOO\RQUHIHUULQJIRUWKHPRPHQWWRZKDWKHVDLGGR
\RXWUXO\EHOLHYHWKDW0LWKULGDWHVXVHGWKHVHSUHFDXWLRQV
DQGWKDWWKHVHSUHFDXWLRQVZHUHHIILFDFLRXV"
,WKLQNVRPDGDPHEHFDXVH,P\VHOIKDYHPDGHXVHRIWKHP
WKDW,PLJKWQRWEHSRLVRQHGDW1DSOHVDW3DOHUPRDQGDW
6P\UQDWKDWLVWRVD\RQWKUHHVHYHUDORFFDVLRQVZKHQ
EXWIRUWKHVHSUHFDXWLRQV,PXVWKDYHORVWP\OLIH
$QG\RXUSUHFDXWLRQVZHUHVXFFHVVIXO"
&RPSOHWHO\VR
<HV,UHPHPEHUQRZ\RXUPHQWLRQLQJWRPHDW3HUXJLD
VRPHWKLQJRIWKLVVRUW
,QGHHG"VDLGWKHFRXQWZLWKDQDLURIVXUSULVHUHPDUNDEO\

659

ZHOOFRXQWHUIHLWHG,UHDOO\GLGQRWUHPHPEHU
,LQTXLUHGRI\RXLISRLVRQVDFWHGHTXDOO\DQGZLWKWKH
VDPHHIIHFWRQPHQRIWKH1RUWKDVRQPHQRIWKH6RXWKDQG
\RXDQVZHUHGPHWKDWWKHFROGDQGVOXJJLVKKDELWVRIWKH
1RUWKGLGQRWSUHVHQWWKHVDPHDSWLWXGHDVWKHULFKDQG
HQHUJHWLFWHPSHUDPHQWVRIWKHQDWLYHVRIWKH6RXWK
$QGWKDWLVWKHFDVHREVHUYHG0RQWH&ULVWR,KDYHVHHQ
5XVVLDQVGHYRXUZLWKRXWEHLQJYLVLEO\LQFRQYHQLHQFHG
YHJHWDEOHVXEVWDQFHVZKLFKZRXOGLQIDOOLEO\KDYHNLOOHGD
1HDSROLWDQRUDQ$UDE
$QG\RXUHDOO\EHOLHYHWKHUHVXOWZRXOGEHVWLOOPRUHVXUH
ZLWKXVWKDQLQWKH(DVWDQGLQWKHPLGVWRIRXUIRJVDQG
UDLQVDPDQZRXOGKDELWXDWHKLPVHOIPRUHHDVLO\WKDQLQD
ZDUPODWLWXGHWRWKLVSURJUHVVLYHDEVRUSWLRQRISRLVRQ"
&HUWDLQO\LWEHLQJDWWKHVDPHWLPHSHUIHFWO\XQGHUVWRRG
WKDWKHVKRXOGKDYHEHHQGXO\IRUWLILHGDJDLQVWWKHSRLVRQ
WRZKLFKKHKDGQRWEHHQDFFXVWRPHG
<HV,XQGHUVWDQGWKDWDQGKRZZRXOG\RXKDELWXDWH
\RXUVHOIIRULQVWDQFHRUUDWKHUKRZGLG\RXKDELWXDWH
\RXUVHOIWRLW"
2KYHU\HDVLO\6XSSRVH\RXNQHZEHIRUHKDQGWKHSRLVRQ
WKDWZRXOGEHPDGHXVHRIDJDLQVW\RXVXSSRVHWKHSRLVRQ
ZDVIRULQVWDQFHEUXFLQH
%UXFLQHLVH[WUDFWHGIURPWKHIDOVHDQJRVWXUD LVLWQRW"
LQTXLUHG0DGDPHGH9LOOHIRUW
3UHFLVHO\PDGDPHUHSOLHG0RQWH&ULVWREXW,SHUFHLYH,
KDYHQRWPXFKWRWHDFK\RX$OORZPHWRFRPSOLPHQW\RXRQ
\RXUNQRZOHGJHVXFKOHDUQLQJLVYHU\UDUHDPRQJODGLHV
%UXFRHDIHUUXJLQHD
2K,DPDZDUHRIWKDWVDLG0DGDPHGH9LOOHIRUWEXW,
KDYHDSDVVLRQIRUWKHRFFXOWVFLHQFHVZKLFKVSHDNWRWKH
LPDJLQDWLRQOLNHSRHWU\DQGDUHUHGXFLEOHWRILJXUHVOLNH
DQDOJHEUDLFHTXDWLRQEXWJRRQ,EHJRI\RXZKDW\RXVD\
LQWHUHVWVPHWRWKHJUHDWHVWGHJUHH

660

:HOOUHSOLHG0RQWH&ULVWRVXSSRVHWKHQWKDWWKLV
SRLVRQZDVEUXFLQHDQG\RXZHUHWRWDNHDPLOOLJUDPPHWKH
ILUVWGD\WZRPLOOLJUDPPHVWKHVHFRQGGD\DQGVRRQ:HOO
DWWKHHQGRIWHQGD\V\RXZRXOGKDYHWDNHQDFHQWLJUDPPH
DWWKHHQGRIWZHQW\GD\VLQFUHDVLQJDQRWKHUPLOOLJUDPPH
\RXZRXOGKDYHWDNHQWKUHHKXQGUHGFHQWLJUDPPHVWKDWLVWR
VD\DGRVHZKLFK\RXZRXOGVXSSRUWZLWKRXWLQFRQYHQLHQFH
DQGZKLFKZRXOGEHYHU\GDQJHURXVIRUDQ\RWKHUSHUVRQZKR
KDGQRWWDNHQWKHVDPHSUHFDXWLRQVDV\RXUVHOI:HOOWKHQ
DWWKHHQGRIDPRQWKZKHQGULQNLQJZDWHUIURPWKHVDPH
FDUDIH\RXZRXOGNLOOWKHSHUVRQZKRGUDQNZLWK\RX
ZLWKRXW\RXUSHUFHLYLQJRWKHUZLVHWKDQIURPVOLJKW
LQFRQYHQLHQFHWKDWWKHUHZDVDQ\SRLVRQRXVVXEVWDQFH
PLQJOHGZLWKWKLVZDWHU
'R\RXNQRZDQ\RWKHUFRXQWHUSRLVRQV"
,GRQRW
,KDYHRIWHQUHDGDQGUHDGDJDLQWKHKLVWRU\RI
0LWKULGDWHVVDLG0DGDPHGH9LOOHIRUWLQDWRQHRI
UHIOHFWLRQDQGKDGDOZD\VFRQVLGHUHGLWDIDEOH
1RPDGDPHFRQWUDU\WRPRVWKLVWRU\LWLVWUXHEXWZKDW
\RXWHOOPHPDGDPHZKDW\RXLQTXLUHRIPHLVQRWWKH
UHVXOWRIDFKDQFHTXHU\IRUWZR\HDUVDJR\RXDVNHGPHWKH
VDPHTXHVWLRQVDQGVDLGWKHQWKDWIRUDYHU\ORQJWLPH
WKLVKLVWRU\RI0LWKULGDWHVKDGRFFXSLHG\RXUPLQG
7UXHVLU7KHWZRIDYRULWHVWXGLHVRIP\\RXWKZHUHERWDQ\
DQGPLQHUDORJ\DQGVXEVHTXHQWO\ZKHQ,OHDUQHGWKDWWKH
XVHRIVLPSOHVIUHTXHQWO\H[SODLQHGWKHZKROHKLVWRU\RID
SHRSOHDQGWKHHQWLUHOLIHRILQGLYLGXDOVLQWKH(DVWDV
IORZHUVEHWRNHQDQGV\PEROL]HDORYHDIIDLU,KDYH
UHJUHWWHGWKDW,ZDVQRWDPDQWKDW,PLJKWKDYHEHHQD
)ODPHOD)RQWDQDRUD&DEDQLV
$QGWKHPRUHPDGDPHVDLG0RQWH&ULVWRDVWKH2ULHQWDOV
GRQRWFRQILQHWKHPVHOYHVDVGLG0LWKULGDWHVWRPDNHD
FXLUDVVRIKLVSRLVRQVEXWWKH\DOVRPDGHWKHPDGDJJHU
6FLHQFHEHFRPHVLQWKHLUKDQGVQRWRQO\DGHIHQVLYH
ZHDSRQEXWVWLOOPRUHIUHTXHQWO\DQRIIHQVLYHRQHWKHRQH
VHUYHVDJDLQVWDOOWKHLUSK\VLFDOVXIIHULQJVWKHRWKHU

661

DJDLQVWDOOWKHLUHQHPLHV:LWKRSLXPEHOODGRQQDEUXFDHD
VQDNHZRRGDQGWKHFKHUU\ODXUHOWKH\SXWWRVOHHSDOOZKR
VWDQGLQWKHLUZD\7KHUHLVQRWRQHRIWKRVHZRPHQ
(J\SWLDQ7XUNLVKRU*UHHNZKRPKHUH\RXFDOOCJRRG
ZRPHQ
ZKRGRQRWNQRZKRZE\PHDQVRIFKHPLVWU\WR
VWXSHI\DGRFWRUDQGLQSV\FKRORJ\WRDPD]HDFRQIHVVRU
5HDOO\VDLG0DGDPHGH9LOOHIRUWZKRVHH\HVVSDUNOHGZLWK
VWUDQJHILUHDWWKLVFRQYHUVDWLRQ
2K\HVLQGHHGPDGDPHFRQWLQXHG0RQWH&ULVWRWKH
VHFUHWGUDPDVRIWKH(DVWEHJLQZLWKDORYHSKLOWUHDQGHQG
ZLWKDGHDWKSRWLRQEHJLQZLWKSDUDGLVHDQGHQGZLWK
KHOO7KHUHDUHDVPDQ\HOL[LUVRIHYHU\NLQGDVWKHUHDUH
FDSULFHVDQGSHFXOLDULWLHVLQWKHSK\VLFDODQGPRUDOQDWXUH
RIKXPDQLW\DQG,ZLOOVD\IXUWKHUWKHDUWRIWKHVH
FKHPLVWVLVFDSDEOHZLWKWKHXWPRVWSUHFLVLRQWRDFFRPPRGDWH
DQGSURSRUWLRQWKHUHPHG\DQGWKHEDQHWR\HDUQLQJVIRUORYH
RUGHVLUHVIRUYHQJHDQFH
%XWVLUUHPDUNHGWKH\RXQJZRPDQWKHVH(DVWHUQ
VRFLHWLHVLQWKHPLGVWRIZKLFK\RXKDYHSDVVHGDSRUWLRQ
RI\RXUH[LVWHQFHDUHDVIDQWDVWLFDVWKHWDOHVWKDWFRPH
IURPWKHLUVWUDQJHODQG$PDQFDQHDVLO\EHSXWRXWRIWKH
ZD\WKHUHWKHQLWLVLQGHHGWKH%DJGDGDQG%DVVRUDRI
WKHC7KRXVDQGDQG2QH1LJKWV
7KHVXOWDQVDQGYL]LHUVZKR
UXOHRYHUVRFLHW\WKHUHDQGZKRFRQVWLWXWHZKDWLQ)UDQFH
ZHFDOOWKHJRYHUQPHQWDUHUHDOO\+DURXQDO5DVFKLGVDQG
*LDIIDUVZKRQRWRQO\SDUGRQDSRLVRQHUEXWHYHQPDNHKLP
DSULPHPLQLVWHULIKLVFULPHKDVEHHQDQLQJHQLRXVRQH
DQGZKRXQGHUVXFKFLUFXPVWDQFHVKDYHWKHZKROHVWRU\
ZULWWHQLQOHWWHUVRIJROGWRGLYHUWWKHLUKRXUVRI
LGOHQHVVDQGHQQXL
%\QRPHDQVPDGDPHWKHIDQFLIXOH[LVWVQRORQJHULQWKH
(DVW7KHUHGLVJXLVHGXQGHURWKHUQDPHVDQGFRQFHDOHG
XQGHURWKHUFRVWXPHVDUHSROLFHDJHQWVPDJLVWUDWHV
DWWRUQH\VJHQHUDODQGEDLOLIIV7KH\KDQJEHKHDGDQG
LPSDOHWKHLUFULPLQDOVLQWKHPRVWDJUHHDEOHSRVVLEOH
PDQQHUEXWVRPHRIWKHVHOLNHFOHYHUURJXHVKDYH
FRQWULYHGWRHVFDSHKXPDQMXVWLFHDQGVXFFHHGLQWKHLU
IUDXGXOHQWHQWHUSULVHVE\FXQQLQJVWUDWDJHPV$PRQJVWXVD
VLPSOHWRQSRVVHVVHGE\WKHGHPRQRIKDWHRUFXSLGLW\ZKR
KDVDQHQHP\WRGHVWUR\RUVRPHQHDUUHODWLRQWRGLVSRVH

662

RIJRHVVWUDLJKWWRWKHJURFHU
VRUGUXJJLVW
VJLYHVD
IDOVHQDPHZKLFKOHDGVPRUHHDVLO\WRKLVGHWHFWLRQWKDQ
KLVUHDORQHDQGXQGHUWKHSUHWH[WWKDWWKHUDWVSUHYHQW
KLPIURPVOHHSLQJSXUFKDVHVILYHRUVL[JUDPPHVRIDUVHQLF
LIKHLVUHDOO\DFXQQLQJIHOORZKHJRHVWRILYHRUVL[
GLIIHUHQWGUXJJLVWVRUJURFHUVDQGWKHUHE\EHFRPHVRQO\
ILYHRUVL[WLPHVPRUHHDVLO\WUDFHGWKHQZKHQKHKDV
DFTXLUHGKLVVSHFLILFKHDGPLQLVWHUVGXO\WRKLVHQHP\RU
QHDUNLQVPDQDGRVHRIDUVHQLFZKLFKZRXOGPDNHDPDPPRWK
RUPDVWRGRQEXUVWDQGZKLFKZLWKRXWUK\PHRUUHDVRQPDNHV
KLVYLFWLPXWWHUJURDQVZKLFKDODUPWKHHQWLUHQHLJKERUKRRG
7KHQDUULYHDFURZGRISROLFHPHQDQGFRQVWDEOHV7KH\IHWFK
DGRFWRUZKRRSHQVWKHGHDGERG\DQGFROOHFWVIURPWKH
HQWUDLOVDQGVWRPDFKDTXDQWLW\RIDUVHQLFLQDVSRRQ1H[W
GD\DKXQGUHGQHZVSDSHUVUHODWHWKHIDFWZLWKWKHQDPHVRI
WKHYLFWLPDQGWKHPXUGHUHU7KHVDPHHYHQLQJWKHJURFHURU
JURFHUVGUXJJLVWRUGUXJJLVWVFRPHDQGVD\C,WZDV,ZKR
VROGWKHDUVHQLFWRWKHJHQWOHPDQ
DQGUDWKHUWKDQQRW
UHFRJQL]HWKHJXLOW\SXUFKDVHUWKH\ZLOOUHFRJQL]HWZHQW\
7KHQWKHIRROLVKFULPLQDOLVWDNHQLPSULVRQHG
LQWHUURJDWHGFRQIURQWHGFRQIRXQGHGFRQGHPQHGDQGFXWRII
E\KHPSRUVWHHORULIVKHEHDZRPDQRIDQ\FRQVLGHUDWLRQ
WKH\ORFNKHUXSIRUOLIH7KLVLVWKHZD\LQZKLFK\RX
1RUWKHUQVXQGHUVWDQGFKHPLVWU\PDGDPH'HVUXHVZDV
KRZHYHU,PXVWFRQIHVVPRUHVNLOIXO
:KDWZRXOG\RXKDYHVLU"VDLGWKHODG\ODXJKLQJZHGR
ZKDWZHFDQ$OOWKHZRUOGKDVQRWWKHVHFUHWRIWKH0HGLFLV
RUWKH%RUJLDV
1RZUHSOLHGWKHFRXQWVKUXJJLQJKLVVKRXOGHUVVKDOO,
WHOO\RXWKHFDXVHRIDOOWKHVHVWXSLGLWLHV",WLVEHFDXVH
DW\RXUWKHDWUHVE\ZKDWDWOHDVW,FRXOGMXGJHE\UHDGLQJ
WKHSLHFHVWKH\SOD\WKH\VHHSHUVRQVVZDOORZWKHFRQWHQWV
RIDSKLDORUVXFNWKHEXWWRQRIDULQJDQGIDOOGHDG
LQVWDQWO\)LYHPLQXWHVDIWHUZDUGVWKHFXUWDLQIDOOVDQG
WKHVSHFWDWRUVGHSDUW7KH\DUHLJQRUDQWRIWKHFRQVHTXHQFHV
RIWKHPXUGHUWKH\VHHQHLWKHUWKHSROLFHFRPPLVVDU\ZLWK
KLVEDGJHRIRIILFHQRUWKHFRUSRUDOZLWKKLVIRXUPHQDQG
VRWKHSRRUIRROVEHOLHYHWKDWWKHZKROHWKLQJLVDVHDV\DV
O\LQJ%XWJRDOLWWOHZD\IURP)UDQFHJRHLWKHUWR
$OHSSRRU&DLURRURQO\WR1DSOHVRU5RPHDQG\RXZLOOVHH
SHRSOHSDVVLQJE\\RXLQWKHVWUHHWVSHRSOHHUHFW
VPLOLQJDQGIUHVKFRORUHGRIZKRP$VPRGHXVLI\RXZHUH

663

KROGLQJRQE\WKHVNLUWRIKLVPDQWOHZRXOGVD\C7KDWPDQ
ZDVSRLVRQHGWKUHHZHHNVDJRKHZLOOEHDGHDGPDQLQD
PRQWK

7KHQUHPDUNHG0DGDPHGH9LOOHIRUWWKH\KDYHDJDLQ
GLVFRYHUHGWKHVHFUHWRIWKHIDPRXVDTXDWRIDQDWKDWWKH\
VDLGZDVORVWDW3HUXJLD
$KEXWPDGDPHGRHVPDQNLQGHYHUORVHDQ\WKLQJ"7KHDUWV
FKDQJHDERXWDQGPDNHDWRXURIWKHZRUOGWKLQJVWDNHD
GLIIHUHQWQDPHDQGWKHYXOJDUGRQRWIROORZWKHPWKDWLV
DOOEXWWKHUHLVDOZD\VWKHVDPHUHVXOW3RLVRQVDFW
SDUWLFXODUO\RQVRPHRUJDQRUDQRWKHURQHRQWKHVWRPDFK
DQRWKHURQWKHEUDLQDQRWKHURQWKHLQWHVWLQHV:HOOWKH
SRLVRQEULQJVRQDFRXJKWKHFRXJKDQLQIODPPDWLRQRIWKH
OXQJVRUVRPHRWKHUFRPSODLQWFDWDORJXHGLQWKHERRNRI
VFLHQFHZKLFKKRZHYHUE\QRPHDQVSUHFOXGHVLWIURPEHLQJ
GHFLGHGO\PRUWDODQGLILWZHUHQRWZRXOGEHVXUHWR
EHFRPHVRWKDQNVWRWKHUHPHGLHVDSSOLHGE\IRROLVK
GRFWRUVZKRDUHJHQHUDOO\EDGFKHPLVWVDQGZKLFKZLOODFW
LQIDYRURIRUDJDLQVWWKHPDODG\DV\RXSOHDVHDQGWKHQ
WKHUHLVDKXPDQEHLQJNLOOHGDFFRUGLQJWRDOOWKHUXOHVRI
DUWDQGVNLOODQGRIZKRPMXVWLFHOHDUQVQRWKLQJDVZDV
VDLGE\DWHUULEOHFKHPLVWRIP\DFTXDLQWDQFHWKHZRUWK\
$EEH$GHOPRQWHRI7DRUPLQDLQ6LFLO\ZKRKDVVWXGLHGWKHVH
QDWLRQDOSKHQRPHQDYHU\SURIRXQGO\
,WLVTXLWHIULJKWIXOEXWGHHSO\LQWHUHVWLQJVDLGWKH
\RXQJODG\PRWLRQOHVVZLWKDWWHQWLRQ,WKRXJKW,PXVW
FRQIHVVWKDWWKHVHWDOHVZHUHLQYHQWLRQVRIWKH0LGGOH
$JHV
<HVQRGRXEWEXWLPSURYHGXSRQE\RXUV:KDWLVWKHXVH
RIWLPHUHZDUGVRIPHULWPHGDOVFURVVHV0RQWK\RQSUL]HV
LIWKH\GRQRWOHDGVRFLHW\WRZDUGVPRUHFRPSOHWH
SHUIHFWLRQ"<HWPDQZLOOQHYHUEHSHUIHFWXQWLOKHOHDUQVWR
FUHDWHDQGGHVWUR\KHGRHVNQRZKRZWRGHVWUR\DQGWKDWLV
KDOIWKHEDWWOH
6RDGGHG0DGDPHGH9LOOHIRUWFRQVWDQWO\UHWXUQLQJWRKHU
REMHFWWKHSRLVRQVRIWKH%RUJLDVWKH0HGLFLVWKH5HQHV
WKH5XJJLHULVDQGODWHUSUREDEO\WKDWRI%DURQGH7UHQFN
ZKRVHVWRU\KDVEHHQVRPLVXVHGE\PRGHUQGUDPDDQGURPDQFH


664

:HUHREMHFWVRIDUWPDGDPHDQGQRWKLQJPRUHUHSOLHGWKH
FRXQW'R\RXVXSSRVHWKDWWKHUHDOVDYDQWDGGUHVVHV
KLPVHOIVWXSLGO\WRWKHPHUHLQGLYLGXDO"%\QRPHDQV
6FLHQFHORYHVHFFHQWULFLWLHVOHDSVDQGERXQGVWULDOVRI
VWUHQJWKIDQFLHVLI,PD\EHDOORZHGVRWRWHUPWKHP
7KXVIRULQVWDQFHWKHH[FHOOHQW$EEH$GHOPRQWHRIZKRP,
VSRNHMXVWQRZPDGHLQWKLVZD\VRPHPDUYHOORXV
H[SHULPHQWV
5HDOO\"
<HV,ZLOOPHQWLRQRQHWR\RX+HKDGDUHPDUNDEO\ILQH
JDUGHQIXOORIYHJHWDEOHVIORZHUVDQGIUXLW)URPDPRQJVW
WKHVHYHJHWDEOHVKHVHOHFWHGWKHPRVWVLPSOHDFDEEDJH
IRULQVWDQFH)RUWKUHHGD\VKHZDWHUHGWKLVFDEEDJHZLWKD
GLVWLOODWLRQRIDUVHQLFRQWKHWKLUGWKHFDEEDJHEHJDQWR
GURRSDQGWXUQ\HOORZ$WWKDWPRPHQWKHFXWLW,QWKHH\HV
RIHYHU\ERG\LWVHHPHGILWIRUWDEOHDQGSUHVHUYHGLWV
ZKROHVRPHDSSHDUDQFH,WZDVRQO\SRLVRQHGWRWKH$EEH
$GHOPRQWH+HWKHQWRRNWKHFDEEDJHWRWKHURRPZKHUHKHKDG
UDEELWVIRUWKH$EEH$GHOPRQWHKDGDFROOHFWLRQRI
UDEELWVFDWVDQGJXLQHDSLJVIXOO\DVILQHDVKLV
FROOHFWLRQRIYHJHWDEOHVIORZHUVDQGIUXLW:HOOWKH$EEH
$GHOPRQWHWRRNDUDEELWDQGPDGHLWHDWDOHDIRIWKH
FDEEDJH7KHUDEELWGLHG:KDWPDJLVWUDWHZRXOGILQGRU
HYHQYHQWXUHWRLQVLQXDWHDQ\WKLQJDJDLQVWWKLV":KDW
SURFXUHXUKDVHYHUYHQWXUHGWRGUDZXSDQDFFXVDWLRQDJDLQVW
00DJHQGLHRU0)ORXUHQVLQFRQVHTXHQFHRIWKHUDEELWV
FDWVDQGJXLQHDSLJVWKH\KDYHNLOOHG"QRWRQH6R
WKHQWKHUDEELWGLHVDQGMXVWLFHWDNHVQRQRWLFH7KLV
UDEELWGHDGWKH$EEH$GHOPRQWHKDVLWVHQWUDLOVWDNHQRXW
E\KLVFRRNDQGWKURZQRQWKHGXQJKLOORQWKLVGXQJKLOOLV
DKHQZKRSHFNLQJWKHVHLQWHVWLQHVLVLQKHUWXUQWDNHQ
LOODQGGLHVQH[WGD\$WWKHPRPHQWZKHQVKHLVVWUXJJOLQJ
LQWKHFRQYXOVLRQVRIGHDWKDYXOWXUHLVIO\LQJE\ WKHUH
DUHDJRRGPDQ\YXOWXUHVLQ$GHOPRQWH
VFRXQWU\ WKLVELUG
GDUWVRQWKHGHDGIRZODQGFDUULHVLWDZD\WRDURFNZKHUH
LWGLQHVRIILWVSUH\7KUHHGD\VDIWHUZDUGVWKLVSRRU
YXOWXUHZKLFKKDVEHHQYHU\PXFKLQGLVSRVHGVLQFHWKDW
GLQQHUVXGGHQO\IHHOVYHU\JLGG\ZKLOHIO\LQJDORIWLQWKH
FORXGVDQGIDOOVKHDYLO\LQWRDILVKSRQG7KHSLNHHHOV
DQGFDUSHDWJUHHGLO\DOZD\VDVHYHU\ERG\NQRZVZHOO
WKH\IHDVWRQWKHYXOWXUH1RZVXSSRVHWKDWQH[WGD\RQHRI

665

WKHVHHHOVRUSLNHRUFDUSSRLVRQHGDWWKHIRXUWKUHPRYH
LVVHUYHGXSDW\RXUWDEOH:HOOWKHQ\RXUJXHVWZLOOEH
SRLVRQHGDWWKHILIWKUHPRYHDQGGLHDWWKHHQGRIHLJKW
RUWHQGD\VRISDLQVLQWKHLQWHVWLQHVVLFNQHVVRU
DEVFHVVRIWKHS\ORUXV7KHGRFWRUVRSHQWKHERG\DQGVD\
ZLWKDQDLURISURIRXQGOHDUQLQJC7KHVXEMHFWKLVGLHGRID
WXPRURQWKHOLYHURURIW\SKRLGIHYHU

%XWUHPDUNHG0DGDPHGH9LOOHIRUWDOOWKHVH
FLUFXPVWDQFHVZKLFK\RXOLQNWKXVWRRQHDQRWKHUPD\EH
EURNHQE\WKHOHDVWDFFLGHQWWKHYXOWXUHPD\QRWVHHWKH
IRZORUPD\IDOODKXQGUHG\DUGVIURPWKHILVKSRQG
$KWKDWLVZKHUHWKHDUWFRPHVLQ7REHDJUHDWFKHPLVW
LQWKH(DVWRQHPXVWGLUHFWFKDQFHDQGWKLVLVWREH
DFKLHYHG0DGDPHGH9LOOHIRUWZDVLQGHHSWKRXJKW\HW
OLVWHQHGDWWHQWLYHO\%XWVKHH[FODLPHGVXGGHQO\
DUVHQLFLVLQGHOLEOHLQGHVWUXFWLEOHLQZKDWVRHYHUZD\LW
LVDEVRUEHGLWZLOOEHIRXQGDJDLQLQWKHERG\RIWKH
YLFWLPIURPWKHPRPHQWZKHQLWKDVEHHQWDNHQLQVXIILFLHQW
TXDQWLW\WRFDXVHGHDWK
3UHFLVHO\VRFULHG0RQWH&ULVWRSUHFLVHO\VRDQG
WKLVLVZKDW,VDLGWRP\ZRUWK\$GHOPRQWH+HUHIOHFWHG
VPLOHGDQGUHSOLHGWRPHE\D6LFLOLDQSURYHUEZKLFK,
EHOLHYHLVDOVRD)UHQFKSURYHUEC0\VRQWKHZRUOGZDVQRW
PDGHLQDGD\EXWLQVHYHQ5HWXUQRQ6XQGD\
2QWKH
6XQGD\IROORZLQJ,GLGUHWXUQWRKLP,QVWHDGRIKDYLQJ
ZDWHUHGKLVFDEEDJHZLWKDUVHQLFKHKDGZDWHUHGLWWKLV
WLPHZLWKDVROXWLRQRIVDOWVKDYLQJWKHLUEDVLVLQ
VWU\FKQLQHVWU\FKQRVFROXEULQDDVWKHOHDUQHGWHUPLW
1RZWKHFDEEDJHKDGQRWWKHVOLJKWHVWDSSHDUDQFHRIGLVHDVH
LQWKHZRUOGDQGWKHUDEELWKDGQRWWKHVPDOOHVWGLVWUXVW
\HWILYHPLQXWHVDIWHUZDUGVWKHUDEELWZDVGHDG7KHIRZO
SHFNHGDWWKHUDEELWDQGWKHQH[WGD\ZDVDGHDGKHQ7KLV
WLPHZHZHUHWKHYXOWXUHVVRZHRSHQHGWKHELUGDQGWKLV
WLPHDOOVSHFLDOV\PSWRPVKDGGLVDSSHDUHGWKHUHZHUHRQO\
JHQHUDOV\PSWRPV7KHUHZDVQRSHFXOLDULQGLFDWLRQLQDQ\
RUJDQDQH[FLWHPHQWRIWKHQHUYRXVV\VWHPWKDWZDVLW
DFDVHRIFHUHEUDOFRQJHVWLRQQRWKLQJPRUH7KHIRZOKDG
QRWEHHQSRLVRQHGVKHKDGGLHGRIDSRSOH[\$SRSOH[\LVD
UDUHGLVHDVHDPRQJIRZOV,EHOLHYHEXWYHU\FRPPRQDPRQJ
PHQ0DGDPHGH9LOOHIRUWDSSHDUHGPRUHDQGPRUHWKRXJKWIXO

666

,WLVYHU\IRUWXQDWHVKHREVHUYHGWKDWVXFKVXEVWDQFHV
FRXOGRQO\EHSUHSDUHGE\FKHPLVWVRWKHUZLVHDOOWKHZRUOG
ZRXOGEHSRLVRQLQJHDFKRWKHU
%\FKHPLVWVDQGSHUVRQVZKRKDYHDWDVWHIRUFKHPLVWU\
VDLG0RQWH&ULVWRFDUHOHVVO\
$QGWKHQVDLG0DGDPHGH9LOOHIRUWHQGHDYRULQJE\D
VWUXJJOHDQGZLWKHIIRUWWRJHWDZD\IURPKHUWKRXJKWV
KRZHYHUVNLOIXOO\LWLVSUHSDUHGFULPHLVDOZD\VFULPH
DQGLILWDYRLGKXPDQVFUXWLQ\LWGRHVQRWHVFDSHWKHH\H
RI*RG7KH2ULHQWDOVDUHVWURQJHUWKDQZHDUHLQFDVHVRI
FRQVFLHQFHDQGYHU\SUXGHQWO\KDYHQRKHOOWKDWLVWKH
SRLQW
5HDOO\PDGDPHWKLVLVDVFUXSOHZKLFKQDWXUDOO\PXVW
RFFXUWRDSXUHPLQGOLNH\RXUVEXWZKLFKZRXOGHDVLO\
\LHOGEHIRUHVRXQGUHDVRQLQJ7KHEDGVLGHRIKXPDQWKRXJKW
ZLOODOZD\VEHGHILQHGE\WKHSDUDGR[RI-HDQ-DFTXHV
5RXVVHDX\RXUHPHPEHUWKHPDQGDULQZKRLVNLOOHG
ILYHKXQGUHGOHDJXHVRIIE\UDLVLQJWKHWLSRIWKHILQJHU
0DQ
VZKROHOLIHSDVVHVLQGRLQJWKHVHWKLQJVDQGKLV
LQWHOOHFWLVH[KDXVWHGE\UHIOHFWLQJRQWKHP<RXZLOOILQG
YHU\IHZSHUVRQVZKRZLOOJRDQGEUXWDOO\WKUXVWDNQLIHLQ
WKHKHDUWRIDIHOORZFUHDWXUHRUZLOODGPLQLVWHUWRKLP
LQRUGHUWRUHPRYHKLPIURPWKHVXUIDFHRIWKHJOREHRQ
ZKLFKZHPRYHZLWKOLIHDQGDQLPDWLRQWKDWTXDQWLW\RI
DUVHQLFRIZKLFKZHMXVWQRZWDONHG6XFKDWKLQJLVUHDOO\
RXWRIUXOHHFFHQWULFRUVWXSLG7RDWWDLQVXFKDSRLQW
WKHEORRGPXVWEHKHDWHGWRWKLUW\VL[GHJUHHVWKHSXOVH
EHDWOHDVWDWQLQHW\DQGWKHIHHOLQJVH[FLWHGEH\RQGWKH
RUGLQDU\OLPLW%XWVXSSRVHRQHSDVVDVLVSHUPLVVLEOHLQ
SKLORORJ\IURPWKHZRUGLWVHOIWRLWVVRIWHQHGV\QRQ\P
WKHQLQVWHDGRIFRPPLWWLQJDQLJQREOHDVVDVVLQDWLRQ\RX
PDNHDQCHOLPLQDWLRQ
\RXPHUHO\DQGVLPSO\UHPRYHIURP
\RXUSDWKWKHLQGLYLGXDOZKRLVLQ\RXUZD\DQGWKDW
ZLWKRXWVKRFNRUYLROHQFHZLWKRXWWKHGLVSOD\RIWKH
VXIIHULQJVZKLFKLQWKHFDVHRIEHFRPLQJDSXQLVKPHQWPDNH
DPDUW\URIWKHYLFWLPDQGDEXWFKHULQHYHU\VHQVHRIWKH
ZRUGRIKLPZKRLQIOLFWVWKHP7KHQWKHUHZLOOEHQREORRG
QRJURDQVQRFRQYXOVLRQVDQGDERYHDOOQRFRQVFLRXVQHVV
RIWKDWKRUULGDQGFRPSURPLVLQJPRPHQWRIDFFRPSOLVKLQJWKH
DFWWKHQRQHHVFDSHVWKHFOXWFKRIWKHKXPDQODZZKLFK
VD\VC'RQRWGLVWXUEVRFLHW\
7KLVLVWKHPRGHLQZKLFK

667

WKH\PDQDJHWKHVHWKLQJVDQGVXFFHHGLQ(DVWHUQFOLPHV
ZKHUHWKHUHDUHJUDYHDQGSKOHJPDWLFSHUVRQVZKRFDUHYHU\
OLWWOHIRUWKHTXHVWLRQVRIWLPHLQFRQMXQFWXUHVRI
LPSRUWDQFH
<HWFRQVFLHQFHUHPDLQVUHPDUNHG0DGDPHGH9LOOHIRUWLQDQ
DJLWDWHGYRLFHDQGZLWKDVWLIOHGVLJK
<HVDQVZHUHG0RQWH&ULVWRKDSSLO\\HVFRQVFLHQFHGRHV
UHPDLQDQGLILWGLGQRWKRZZUHWFKHGZHVKRXOGEH$IWHU
HYHU\DFWLRQUHTXLULQJH[HUWLRQLWLVFRQVFLHQFHWKDWVDYHV
XVIRULWVXSSOLHVXVZLWKDWKRXVDQGJRRGH[FXVHVRI
ZKLFKZHDORQHDUHMXGJHVDQGWKHVHUHDVRQVKRZVRHYHU
H[FHOOHQWLQSURGXFLQJVOHHSZRXOGDYDLOXVEXWYHU\OLWWOH
EHIRUHDWULEXQDOZKHQZHZHUHWULHGIRURXUOLYHV7KXV
5LFKDUG,,,IRULQVWDQFHZDVPDUYHOORXVO\VHUYHGE\KLV
FRQVFLHQFHDIWHUWKHSXWWLQJDZD\RIWKHWZRFKLOGUHQRI
(GZDUG,9LQIDFWKHFRXOGVD\C7KHVHWZRFKLOGUHQRID
FUXHODQGSHUVHFXWLQJNLQJZKRKDYHLQKHULWHGWKHYLFHVRI
WKHLUIDWKHUZKLFK,DORQHFRXOGSHUFHLYHLQWKHLUMXYHQLOH
SURSHQVLWLHVWKHVHWZRFKLOGUHQDUHLPSHGLPHQWVLQP\ZD\
RISURPRWLQJWKHKDSSLQHVVRIWKH(QJOLVKSHRSOHZKRVH
XQKDSSLQHVVWKH\ WKHFKLOGUHQ ZRXOGLQIDOOLEO\KDYH
FDXVHG
7KXVZDV/DG\0DFEHWKVHUYHGE\KHUFRQVFLHQFH
ZKHQVKHVRXJKWWRJLYHKHUVRQDQGQRWKHUKXVEDQG
ZKDWHYHU6KDNVSHDUHPD\VD\ DWKURQH$KPDWHUQDOORYH
LVDJUHDWYLUWXHDSRZHUIXOPRWLYHVRSRZHUIXOWKDWLW
H[FXVHVDPXOWLWXGHRIWKLQJVHYHQLIDIWHU'XQFDQ
V
GHDWK/DG\0DFEHWKKDGEHHQDWDOOSULFNHGE\KHU
FRQVFLHQFH
0DGDPHGH9LOOHIRUWOLVWHQHGZLWKDYLGLW\WRWKHVHDSSDOOLQJ
PD[LPVDQGKRUULEOHSDUDGR[HVGHOLYHUHGE\WKHFRXQWZLWK
WKDWLURQLFDOVLPSOLFLW\ZKLFKZDVSHFXOLDUWRKLP$IWHUD
PRPHQW
VVLOHQFHWKHODG\LQTXLUHG'R\RXNQRZP\GHDU
FRXQWVKHVDLGWKDW\RXDUHDYHU\WHUULEOHUHDVRQHU
DQGWKDW\RXORRNDWWKHZRUOGWKURXJKDVRPHZKDW
GLVWHPSHUHGPHGLXP"+DYH\RXUHDOO\PHDVXUHGWKHZRUOGE\
VFUXWLQLHVRUWKURXJKDOHPELFVDQGFUXFLEOHV")RU\RXPXVW
LQGHHGEHDJUHDWFKHPLVWDQGWKHHOL[LU\RXDGPLQLVWHUHG
WRP\VRQZKLFKUHFDOOHGKLPWROLIHDOPRVW
LQVWDQWDQHRXVO\
2KGRQRWSODFHDQ\UHOLDQFHRQWKDWPDGDPHRQHGURSRI

668

WKDWHOL[LUVXIILFHGWRUHFDOOOLIHWRDG\LQJFKLOGEXW
WKUHHGURSVZRXOGKDYHLPSHOOHGWKHEORRGLQWRKLVOXQJVLQ
VXFKDZD\DVWRKDYHSURGXFHGPRVWYLROHQWSDOSLWDWLRQV
VL[ZRXOGKDYHVXVSHQGHGKLVUHVSLUDWLRQDQGFDXVHGV\QFRSH
PRUHVHULRXVWKDQWKDWLQZKLFKKHZDVWHQZRXOGKDYH
GHVWUR\HGKLP<RXNQRZPDGDPHKRZVXGGHQO\,VQDWFKHGKLP
IURPWKRVHSKLDOVZKLFKKHVRLPSUXGHQWO\WRXFKHG"
,VLWWKHQVRWHUULEOHDSRLVRQ"
2KQR,QWKHILUVWSODFHOHWXVDJUHHWKDWWKHZRUG
SRLVRQGRHVQRWH[LVWEHFDXVHLQPHGLFLQHXVHLVPDGHRI
WKHPRVWYLROHQWSRLVRQVZKLFKEHFRPHDFFRUGLQJDVWKH\
DUHHPSOR\HGPRVWVDOXWDU\UHPHGLHV
:KDWWKHQLVLW"
$VNLOIXOSUHSDUDWLRQRIP\IULHQG
VWKHZRUWK\$EEH
$GHOPRQWHZKRWDXJKWPHWKHXVHRILW
2KREVHUYHG0DGDPHGH9LOOHIRUWLWPXVWEHDQDGPLUDEOH
DQWLVSDVPRGLF
3HUIHFWPDGDPHDV\RXKDYHVHHQUHSOLHGWKHFRXQWDQG
,IUHTXHQWO\PDNHXVHRILWZLWKDOOSRVVLEOHSUXGHQFH
WKRXJKEHLWREVHUYHGKHDGGHGZLWKDVPLOHRI
LQWHOOLJHQFH
0RVWDVVXUHGO\UHVSRQGHG0DGDPHGH9LOOHIRUWLQWKHVDPH
WRQH$VIRUPHVRQHUYRXVDQGVRVXEMHFWWRIDLQWLQJ
ILWV,VKRXOGUHTXLUHD'RFWRU$GHOPRQWHWRLQYHQWIRUPH
VRPHPHDQVRIEUHDWKLQJIUHHO\DQGWUDQTXLOOL]LQJP\PLQG
LQWKHIHDU,KDYHRIG\LQJVRPHILQHGD\RIVXIIRFDWLRQ,Q
WKHPHDQZKLOHDVWKHWKLQJLVGLIILFXOWWRILQGLQ)UDQFH
DQG\RXUDEEHLVQRWSUREDEO\GLVSRVHGWRPDNHDMRXUQH\WR
3DULVRQP\DFFRXQW,PXVWFRQWLQXHWRXVH0RQVLHXU
3ODQFKH
VDQWLVSDVPRGLFVDQGPLQWDQG+RIIPDQ
VGURSVDUH
DPRQJP\IDYRULWHUHPHGLHV+HUHDUHVRPHOR]HQJHVZKLFK,
KDYHPDGHXSRQSXUSRVHWKH\DUHFRPSRXQGHGGRXEO\VWURQJ
0RQWH&ULVWRRSHQHGWKHWRUWRLVHVKHOOER[ZKLFKWKHODG\
SUHVHQWHGWRKLPDQGLQKDOHGWKHRGRURIWKHOR]HQJHVZLWK
WKHDLURIDQDPDWHXUZKRWKRURXJKO\DSSUHFLDWHGWKHLU
FRPSRVLWLRQ7KH\DUHLQGHHGH[TXLVLWHKHVDLGEXWDV
WKH\DUHQHFHVVDULO\VXEPLWWHGWRWKHSURFHVVRIGHJOXWLWLRQ

669

DIXQFWLRQZKLFKLWLVIUHTXHQWO\LPSRVVLEOHIRUD
IDLQWLQJSHUVRQWRDFFRPSOLVK,SUHIHUP\RZQVSHFLILF
8QGRXEWHGO\DQGVRVKRXOG,SUHIHULWDIWHUWKHHIIHFWV,
KDYHVHHQSURGXFHGEXWRIFRXUVHLWLVDVHFUHWDQG,DP
QRWVRLQGLVFUHHWDVWRDVNLWRI\RX
%XW,VDLG0RQWH&ULVWRULVLQJDVKHVSRNH,DP
JDOODQWHQRXJKWRRIIHULW\RX
+RZNLQG\RXDUH
2QO\UHPHPEHURQHWKLQJDVPDOOGRVHLVDUHPHG\D
ODUJHRQHLVSRLVRQ2QHGURSZLOOUHVWRUHOLIHDV\RXKDYH
VHHQILYHRUVL[ZLOOLQHYLWDEO\NLOODQGLQDZD\WKH
PRUHWHUULEOHLQDVPXFKDVSRXUHGLQWRDJODVVRIZLQHLW
ZRXOGQRWLQWKHVOLJKWHVWGHJUHHDIIHFWLWVIODYRU%XW,
VD\QRPRUHPDGDPHLWLVUHDOO\DVLI,ZHUHSUHVFULELQJ
IRU\RX7KHFORFNVWUXFNKDOISDVWVL[DQGDODG\ZDV
DQQRXQFHGDIULHQGRI0DGDPHGH9LOOHIRUWZKRFDPHWRGLQH
ZLWKKHU
,I,KDGKDGWKHKRQRURIVHHLQJ\RXIRUWKHWKLUGRU
IRXUWKWLPHFRXQWLQVWHDGRIRQO\IRUWKHVHFRQGVDLG
0DGDPHGH9LOOHIRUWLI,KDGKDGWKHKRQRURIEHLQJ\RXU
IULHQGLQVWHDGRIRQO\KDYLQJWKHKDSSLQHVVRIEHLQJXQGHU
DQREOLJDWLRQWR\RX,VKRXOGLQVLVWRQGHWDLQLQJ\RXWR
GLQQHUDQGQRWDOORZP\VHOIWREHGDXQWHGE\DILUVW
UHIXVDO
$WKRXVDQGWKDQNVPDGDPHUHSOLHG0RQWH&ULVWREXW,
KDYHDQHQJDJHPHQWZKLFK,FDQQRWEUHDN,KDYHSURPLVHGWR
HVFRUWWRWKH$FDGHPLHD*UHHNSULQFHVVRIP\DFTXDLQWDQFH
ZKRKDVQHYHUVHHQ\RXUJUDQGRSHUDDQGZKRUHOLHVRQPHWR
FRQGXFWKHUWKLWKHU
$GLHXWKHQVLUDQGGRQRWIRUJHWWKHSUHVFULSWLRQ
$KLQWUXWKPDGDPHWRGRWKDW,PXVWIRUJHWWKHKRXU
V
FRQYHUVDWLRQ,KDYHKDGZLWK\RXZKLFKLVLQGHHG
LPSRVVLEOH0RQWH&ULVWRERZHGDQGOHIWWKHKRXVH0DGDPH
GH9LOOHIRUWUHPDLQHGLPPHUVHGLQWKRXJKW+HLVDYHU\
VWUDQJHPDQVKHVDLGDQGLQP\RSLQLRQLVKLPVHOIWKH
$GHOPRQWHKHWDONVDERXW$VWR0RQWH&ULVWRWKHUHVXOWKDG

670

VXUSDVVHGKLVXWPRVWH[SHFWDWLRQV*RRGVDLGKHDVKH
ZHQWDZD\WKLVLVDIUXLWIXOVRLODQG,IHHOFHUWDLQWKDW
WKHVHHGVRZQZLOOQRWEHFDVWRQEDUUHQJURXQG1H[W
PRUQLQJIDLWKIXOWRKLVSURPLVHKHVHQWWKHSUHVFULSWLRQ
UHTXHVWHG

&KDSWHU
5REHUWOH'LDEOH
7KHSUHWH[WRIDQRSHUDHQJDJHPHQWZDVVRPXFKWKHPRUH
IHDVLEOHDVWKHUHFKDQFHGWREHRQWKDWYHU\QLJKWDPRUH
WKDQRUGLQDU\DWWUDFWLRQDWWKH$FDGHPLH5R\DOH/HYDVVHXU
ZKRKDGEHHQVXIIHULQJXQGHUVHYHUHLOOQHVVPDGHKLV
UHDSSHDUDQFHLQWKHFKDUDFWHURI%HUWUDQGDQGDVXVXDO
WKHDQQRXQFHPHQWRIWKHPRVWDGPLUHGSURGXFWLRQRIWKH
IDYRULWHFRPSRVHURIWKHGD\KDGDWWUDFWHGDEULOOLDQWDQG
IDVKLRQDEOHDXGLHQFH0RUFHUIOLNHPRVWRWKHU\RXQJPHQRI
UDQNDQGIRUWXQHKDGKLVRUFKHVWUDVWDOOZLWKWKH
FHUWDLQW\RIDOZD\VILQGLQJDVHDWLQDWOHDVWDGR]HQRI
WKHSULQFLSDOER[HVRFFXSLHGE\SHUVRQVRIKLVDFTXDLQWDQFH
KHKDGPRUHRYHUKLVULJKWRIHQWU\LQWRWKHRPQLEXVER[
&KDWHDX5HQDXGUHQWHGDVWDOOEHVLGHKLVRZQZKLOH
%HDXFKDPSDVDMRXUQDOLVWKDGXQOLPLWHGUDQJHDOORYHUWKH
WKHDWUH,WKDSSHQHGWKDWRQWKLVSDUWLFXODUQLJKWWKH
PLQLVWHU
VER[ZDVSODFHGDWWKHGLVSRVDORI/XFLHQ'HEUD\
ZKRRIIHUHGLWWRWKH&RPWHGH0RUFHUIZKRDJDLQXSRQKLV
PRWKHU
VUHMHFWLRQRILWVHQWLWWR'DQJODUVZLWKDQ
LQWLPDWLRQWKDWKHVKRXOGSUREDEO\GRKLPVHOIWKHKRQRURI
MRLQLQJWKHEDURQHVVDQGKHUGDXJKWHUGXULQJWKHHYHQLQJLQ
WKHHYHQWRIWKHLUDFFHSWLQJWKHER[LQTXHVWLRQ7KHODGLHV
UHFHLYHGWKHRIIHUZLWKWRRPXFKSOHDVXUHWRGUHDPRID
UHIXVDO7RQRFODVVRISHUVRQVLVWKHSUHVHQWDWLRQRID
JUDWXLWRXVRSHUDER[PRUHDFFHSWDEOHWKDQWRWKHZHDOWK\
PLOOLRQDLUHZKRVWLOOKXJVHFRQRP\ZKLOHERDVWLQJRI
FDUU\LQJDNLQJ
VUDQVRPLQKLVZDLVWFRDWSRFNHW
'DQJODUVKDGKRZHYHUSURWHVWHGDJDLQVWVKRZLQJKLPVHOILQ
DPLQLVWHULDOER[GHFODULQJWKDWKLVSROLWLFDOSULQFLSOHV
DQGKLVSDUOLDPHQWDU\SRVLWLRQDVPHPEHURIWKHRSSRVLWLRQ
SDUW\ZRXOGQRWSHUPLWKLPVRWRFRPPLWKLPVHOIWKH
EDURQHVVKDGWKHUHIRUHGHVSDWFKHGDQRWHWR/XFLHQ'HEUD\
ELGGLQJKLPFDOOIRUWKHPLWEHLQJZKROO\LPSRVVLEOHIRU

671

KHUWRJRDORQHZLWK(XJHQLHWRWKHRSHUD7KHUHLVQR
JDLQVD\LQJWKHIDFWWKDWDYHU\XQIDYRUDEOHFRQVWUXFWLRQ
ZRXOGKDYHEHHQSXWXSRQWKHFLUFXPVWDQFHLIWKHWZRZRPHQ
KDGJRQHZLWKRXWHVFRUWZKLOHWKHDGGLWLRQRIDWKLUGLQ
WKHSHUVRQRIKHUPRWKHU
VDGPLWWHGORYHUHQDEOHG
0DGHPRLVHOOH'DQJODUVWRGHI\PDOLFHDQGLOOQDWXUH2QH
PXVWWDNHWKHZRUOGDVRQHILQGVLW
7KHFXUWDLQURVHDVXVXDOWRDQDOPRVWHPSW\KRXVHLW
EHLQJRQHRIWKHDEVXUGLWLHVRI3DULVLDQIDVKLRQQHYHUWR
DSSHDUDWWKHRSHUDXQWLODIWHUWKHEHJLQQLQJRIWKH
SHUIRUPDQFHVRWKDWWKHILUVWDFWLVJHQHUDOO\SOD\HG
ZLWKRXWWKHVOLJKWHVWDWWHQWLRQEHLQJSDLGWRLWWKDWSDUW
RIWKHDXGLHQFHDOUHDG\DVVHPEOHGEHLQJWRRPXFKRFFXSLHGLQ
REVHUYLQJWKHIUHVKDUULYDOVZKLOHQRWKLQJLVKHDUGEXWWKH
QRLVHRIRSHQLQJDQGVKXWWLQJGRRUVDQGWKHEX]]RI
FRQYHUVDWLRQ6XUHO\VDLG$OEHUWDVWKHGRRURIDER[RQ
WKHILUVWFLUFOHRSHQHGWKDWPXVWEHWKH&RXQWHVV*

$QGZKRLVWKH&RXQWHVV*"LQTXLUHG&KDWHDX5HQDXG
:KDWDTXHVWLRQ1RZGR\RXNQRZEDURQ,KDYHDJUHDW
PLQGWRSLFNDTXDUUHOZLWK\RXIRUDVNLQJLWDVLIDOOWKH
ZRUOGGLGQRWNQRZZKRWKH&RXQWHVV*ZDV
$KWREHVXUHUHSOLHG&KDWHDX5HQDXGWKHORYHO\
9HQHWLDQLVLWQRW"
+HUVHOI$WWKLVPRPHQWWKHFRXQWHVVSHUFHLYHG$OEHUWDQG
UHWXUQHGKLVVDOXWDWLRQZLWKDVPLOH<RXNQRZKHULW
VHHPV"VDLG&KDWHDX5HQDXG
)UDQ]LQWURGXFHGPHWRKHUDW5RPHUHSOLHG$OEHUW
:HOOWKHQZLOO\RXGRDVPXFKIRUPHLQ3DULVDV)UDQ]
GLGIRU\RXLQ5RPH"
:LWKSOHDVXUH
7KHUHZDVDFU\RI6KXWXSIURPWKHDXGLHQFH7KLV
PDQLIHVWDWLRQRQWKHSDUWRIWKHVSHFWDWRUVRIWKHLUZLVKWR
EHDOORZHGWRKHDUWKHPXVLFSURGXFHGQRWWKHVOLJKWHVW
HIIHFWRQWKHWZR\RXQJPHQZKRFRQWLQXHGWKHLU

672

FRQYHUVDWLRQ7KHFRXQWHVVZDVSUHVHQWDWWKHUDFHVLQWKH
&KDPSGH0DUVVDLG&KDWHDX5HQDXG
7RGD\"
<HV
%OHVVPH,TXLWHIRUJRWWKHUDFHV'LG\RXEHW"
2KPHUHO\DSDOWU\ILIW\ORXLV
$QGZKRZDVWKHZLQQHU"
1DXWLOXV,VWDNHGRQKLP
%XWWKHUHZHUHWKUHHUDFHVZHUHWKHUHQRW"
<HVWKHUHZDVWKHSUL]HJLYHQE\WKH-RFNH\&OXEDJROG
FXS\RXNQRZDQGDYHU\VLQJXODUFLUFXPVWDQFHRFFXUUHG
DERXWWKDWUDFH
:KDWZDVLW"
2KVKXWXSDJDLQLQWHUSRVHGVRPHRIWKHDXGLHQFH
:K\LWZDVZRQE\DKRUVHDQGULGHUXWWHUO\XQNQRZQRQWKH
FRXUVH
,VWKDWSRVVLEOH"
7UXHDVGD\7KHIDFWZDVQRERG\KDGREVHUYHGDKRUVH
HQWHUHGE\WKHQDPHRI9DPSDRUWKDWRIDMRFNH\VW\OHG
-REZKHQDWWKHODVWPRPHQWDVSOHQGLGURDQPRXQWHGE\D
MRFNH\DERXWDVELJDV\RXUILVWSUHVHQWHGWKHPVHOYHVDW
WKHVWDUWLQJSRVW7KH\ZHUHREOLJHGWRVWXIIDWOHDVW
WZHQW\SRXQGVZHLJKWRIVKRWLQWKHVPDOOULGHU
VSRFNHWV
WRPDNHKLPZHLJKWEXWZLWKDOOWKDWKHRXWVWULSSHG$ULHO
DQG%DUEDUHDJDLQVWZKRPKHUDQE\DWOHDVWWKUHHZKROH
OHQJWKV
$QGZDVLWQRWIRXQGRXWDWODVWWRZKRPWKHKRUVHDQG
MRFNH\EHORQJHG"
1R

673

<RXVD\WKDWWKHKRUVHZDVHQWHUHGXQGHUWKHQDPHRI
9DPSD"
([DFWO\WKDWZDVWKHWLWOH
7KHQDQVZHUHG$OEHUW,DPEHWWHULQIRUPHGWKDQ\RXDUH
DQGNQRZZKRWKHRZQHURIWKDWKRUVHZDV
6KXWXSWKHUHFULHGWKHSLWLQFKRUXV$QGWKLVWLPHWKH
WRQHDQGPDQQHULQZKLFKWKHFRPPDQGZDVJLYHQEHWRNHQHG
VXFKJURZLQJKRVWLOLW\WKDWWKHWZR\RXQJPHQSHUFHLYHGIRU
WKHILUVWWLPHWKDWWKHPDQGDWHZDVDGGUHVVHGWRWKHP
/HLVXUHO\WXUQLQJURXQGWKH\FDOPO\VFUXWLQL]HGWKHYDULRXV
FRXQWHQDQFHVDURXQGWKHPDVWKRXJKGHPDQGLQJVRPHRQH
SHUVRQZKRZRXOGWDNHXSRQKLPVHOIWKHUHVSRQVLELOLW\RI
ZKDWWKH\GHHPHGH[FHVVLYHLPSHUWLQHQFHEXWDVQRRQH
UHVSRQGHGWRWKHFKDOOHQJHWKHIULHQGVWXUQHGDJDLQWRWKH
IURQWRIWKHWKHDWUHDQGDIIHFWHGWREXV\WKHPVHOYHVZLWK
WKHVWDJH$WWKLVPRPHQWWKHGRRURIWKHPLQLVWHU
VER[
RSHQHGDQG0DGDPH'DQJODUVDFFRPSDQLHGE\KHUGDXJKWHU
HQWHUHGHVFRUWHGE\/XFLHQ'HEUD\ZKRDVVLGXRXVO\
FRQGXFWHGWKHPWRWKHLUVHDWV
+DKDVDLG&KDWHDX5HQDXGKHUHFRPHVVRPHIULHQGVRI
\RXUVYLVFRXQW:KDWDUH\RXORRNLQJDWWKHUH"GRQ
W\RX
VHHWKH\DUHWU\LQJWRFDWFK\RXUH\H"$OEHUWWXUQHGURXQG
MXVWLQWLPHWRUHFHLYHDJUDFLRXVZDYHRIWKHIDQIURPWKH
EDURQHVVDVIRU0DGHPRLVHOOH(XJHQLHVKHVFDUFHO\
YRXFKVDIHGWRZDVWHWKHJODQFHVRIKHUODUJHEODFNH\HVHYHQ
XSRQWKHEXVLQHVVRIWKHVWDJH,WHOO\RXZKDWP\GHDU
IHOORZVDLG&KDWHDX5HQDXG,FDQQRWLPDJLQHZKDW
REMHFWLRQ\RXFDQSRVVLEO\KDYHWR0DGHPRLVHOOH'DQJODUV
WKDWLVVHWWLQJDVLGHKHUZDQWRIDQFHVWU\DQGVRPHZKDW
LQIHULRUUDQNZKLFKE\WKHZD\,GRQ
WWKLQN\RXFDUHYHU\
PXFKDERXW1RZEDUULQJDOOWKDW,PHDQWRVD\VKHLVD
GHXFHGILQHJLUO
+DQGVRPHFHUWDLQO\UHSOLHG$OEHUWEXWQRWWRP\WDVWH
ZKLFK,FRQIHVVLQFOLQHVWRVRPHWKLQJVRIWHUJHQWOHUDQG
PRUHIHPLQLQH
$KZHOOH[FODLPHG&KDWHDX5HQDXGZKREHFDXVHKHKDG
VHHQKLVWKLUWLHWKVXPPHUIDQFLHGKLPVHOIGXO\ZDUUDQWHGLQ

674

DVVXPLQJDVRUWRISDWHUQDODLUZLWKKLVPRUH\RXWKIXO
IULHQG\RX\RXQJSHRSOHDUHQHYHUVDWLVILHGZK\ZKDW
ZRXOG\RXKDYHPRUH"\RXUSDUHQWVKDYHFKRVHQ\RXDEULGH
EXLOWRQWKHPRGHORI'LDQDWKHKXQWUHVVDQG\HW\RXDUH
QRWFRQWHQW
1RIRUWKDWYHU\UHVHPEODQFHDIIULJKWVPH,VKRXOGKDYH
OLNHGVRPHWKLQJPRUHLQWKHPDQQHURIWKH9HQXVRI0LORRU
&DSXDEXWWKLVFKDVHORYLQJ'LDQDFRQWLQXDOO\VXUURXQGHGE\
KHUQ\PSKVJLYHVPHDVRUWRIDODUPOHVWVKHVKRXOGVRPHGD\
EULQJRQPHWKHIDWHRI$FWDHRQ
$QGLQGHHGLWUHTXLUHGEXWRQHJODQFHDW0DGHPRLVHOOH
'DQJODUVWRFRPSUHKHQGWKHMXVWQHVVRI0RUFHUI
VUHPDUN
VKHZDVEHDXWLIXOEXWKHUEHDXW\ZDVRIWRRPDUNHGDQG
GHFLGHGDFKDUDFWHUWRSOHDVHDIDVWLGLRXVWDVWHKHUKDLU
ZDVUDYHQEODFNEXWLWVQDWXUDOZDYHVVHHPHGVRPHZKDW
UHEHOOLRXVKHUH\HVRIWKHVDPHFRORUDVKHUKDLUZHUH
VXUPRXQWHGE\ZHOODUFKHGEURZVZKRVHJUHDWGHIHFW
KRZHYHUFRQVLVWHGLQDQDOPRVWKDELWXDOIURZQZKLOHKHU
ZKROHSK\VLRJQRP\ZRUHWKDWH[SUHVVLRQRIILUPQHVVDQG
GHFLVLRQVROLWWOHLQDFFRUGDQFHZLWKWKHJHQWOHUDWWULEXWHV
RIKHUVH[KHUQRVHZDVSUHFLVHO\ZKDWDVFXOSWRUZRXOG
KDYHFKRVHQIRUDFKLVHOOHG-XQR+HUPRXWKZKLFKPLJKW
KDYHEHHQIRXQGIDXOWZLWKDVWRRODUJHGLVSOD\HGWHHWKRI
SHDUO\ZKLWHQHVVUHQGHUHGVWLOOPRUHFRQVSLFXRXVE\WKH
EULOOLDQWFDUPLQHRIKHUOLSVFRQWUDVWLQJYLYLGO\ZLWKKHU
QDWXUDOO\SDOHFRPSOH[LRQ%XWWKDWZKLFKFRPSOHWHGWKH
DOPRVWPDVFXOLQHORRN0RUFHUIIRXQGVROLWWOHWRKLVWDVWH
ZDVDGDUNPROHRIPXFKODUJHUGLPHQVLRQVWKDQWKHVHIUHDNV
RIQDWXUHJHQHUDOO\DUHSODFHGMXVWDWWKHFRUQHURIKHU
PRXWKDQGWKHHIIHFWWHQGHGWRLQFUHDVHWKHH[SUHVVLRQRI
VHOIGHSHQGHQFHWKDWFKDUDFWHUL]HGKHUFRXQWHQDQFH7KHUHVW
RI0DGHPRLVHOOH(XJHQLH
VSHUVRQZDVLQSHUIHFWNHHSLQJZLWK
WKHKHDGMXVWGHVFULEHGVKHLQGHHGUHPLQGHGRQHRI'LDQD
DV&KDWHDX5HQDXGREVHUYHGEXWKHUEHDULQJZDVPRUHKDXJKW\
DQGUHVROXWH$VUHJDUGHGKHUDWWDLQPHQWVWKHRQO\IDXOWWR
EHIRXQGZLWKWKHPZDVWKHVDPHWKDWDIDVWLGLRXV
FRQQRLVVHXUPLJKWKDYHIRXQGZLWKKHUEHDXW\WKDWWKH\ZHUH
VRPHZKDWWRRHUXGLWHDQGPDVFXOLQHIRUVR\RXQJDSHUVRQ
6KHZDVDSHUIHFWOLQJXLVWDILUVWUDWHDUWLVWZURWH
SRHWU\DQGFRPSRVHGPXVLFWRWKHVWXG\RIWKHODWWHUVKH
SURIHVVHGWREHHQWLUHO\GHYRWHGIROORZLQJLWZLWKDQ
LQGHIDWLJDEOHSHUVHYHUDQFHDVVLVWHGE\DVFKRROIHOORZD

675

\RXQJZRPDQZLWKRXWIRUWXQHZKRVHWDOHQWSURPLVHGWRGHYHORS
LQWRUHPDUNDEOHSRZHUVDVDVLQJHU,WZDVUXPRUHGWKDWVKH
ZDVDQREMHFWRIDOPRVWSDWHUQDOLQWHUHVWWRRQHRIWKH
SULQFLSDOFRPSRVHUVRIWKHGD\ZKRH[FLWHGKHUWRVSDUHQR
SDLQVLQWKHFXOWLYDWLRQRIKHUYRLFHZKLFKPLJKWKHUHDIWHU
SURYHDVRXUFHRIZHDOWKDQGLQGHSHQGHQFH%XWWKLVFRXQVHO
HIIHFWXDOO\GHFLGHG0DGHPRLVHOOH'DQJODUVQHYHUWRFRPPLW
KHUVHOIE\EHLQJVHHQLQSXEOLFZLWKRQHGHVWLQHGIRUD
WKHDWULFDOOLIHDQGDFWLQJXSRQWKLVSULQFLSOHWKH
EDQNHU
VGDXJKWHUWKRXJKSHUIHFWO\ZLOOLQJWRDOORZ
0DGHPRLVHOOH/RXLVHG
$UPLOO\ WKDWZDVWKHQDPHRIWKH
\RXQJYLUWXRVD WRSUDFWLFHZLWKKHUWKURXJKWKHGD\WRRN
HVSHFLDOFDUHQRWWREHVHHQLQKHUFRPSDQ\6WLOOWKRXJK
QRWDFWXDOO\UHFHLYHGDWWKH+RWHO'DQJODUVLQWKHOLJKWRI
DQDFNQRZOHGJHGIULHQG/RXLVHZDVWUHDWHGZLWKIDUPRUH
NLQGQHVVDQGFRQVLGHUDWLRQWKDQLVXVXDOO\EHVWRZHGRQD
JRYHUQHVV
7KHFXUWDLQIHOODOPRVWLPPHGLDWHO\DIWHUWKHHQWUDQFHRI
0DGDPH'DQJODUVLQWRKHUER[WKHEDQGTXLWWHGWKHRUFKHVWUD
IRUWKHDFFXVWRPHGKDOIKRXU
VLQWHUYDODOORZHGEHWZHHQWKH
DFWVDQGWKHDXGLHQFHZHUHOHIWDWOLEHUW\WRSURPHQDGHWKH
VDORQRUOREELHVRUWRSD\DQGUHFHLYHYLVLWVLQWKHLU
UHVSHFWLYHER[HV0RUFHUIDQG&KDWHDX5HQDXGZHUHDPRQJVW
WKHILUVWWRDYDLOWKHPVHOYHVRIWKLVSHUPLVVLRQ)RUDQ
LQVWDQWWKHLGHDVWUXFN0DGDPH'DQJODUVWKDWWKLVHDJHUQHVV
RQWKHSDUWRIWKH\RXQJYLVFRXQWDURVHIURPKLVLPSDWLHQFH
WRMRLQKHUSDUW\DQGVKHZKLVSHUHGKHUH[SHFWDWLRQVWRKHU
GDXJKWHUWKDW$OEHUWZDVKXUU\LQJWRSD\KLVUHVSHFWVWR
WKHP0DGHPRLVHOOH(XJHQLHKRZHYHUPHUHO\UHWXUQHGD
GLVVHQWLQJPRYHPHQWRIWKHKHDGZKLOHZLWKDFROGVPLOH
VKHGLUHFWHGWKHDWWHQWLRQRIKHUPRWKHUWRDQRSSRVLWHER[
RQWKHILUVWFLUFOHLQZKLFKVDWWKH&RXQWHVV*DQG
ZKHUH0RUFHUIKDGMXVWPDGHKLVDSSHDUDQFH6RZHPHHW
DJDLQP\WUDYHOOLQJIULHQGGRZH"FULHGWKHFRXQWHVV
H[WHQGLQJKHUKDQGWRKLPZLWKDOOWKHZDUPWKDQGFRUGLDOLW\
RIDQROGDFTXDLQWDQFHLWZDVUHDOO\YHU\JRRGRI\RXWR
UHFRJQL]HPHVRTXLFNO\DQGVWLOOPRUHVRWREHVWRZ\RXU
ILUVWYLVLWRQPH
%HDVVXUHGUHSOLHG$OEHUWWKDWLI,KDGEHHQDZDUHRI
\RXUDUULYDOLQ3DULVDQGKDGNQRZQ\RXUDGGUHVV,VKRXOG
KDYHSDLGP\UHVSHFWVWR\RXEHIRUHWKLV$OORZPHWR
LQWURGXFHP\IULHQG%DURQGH&KDWHDX5HQDXGRQHRIWKHIHZ

676

WUXHJHQWOHPHQQRZWREHIRXQGLQ)UDQFHDQGIURPZKRP,
KDYHMXVWOHDUQHGWKDW\RXZHUHDVSHFWDWRURIWKHUDFHVLQ
WKH&KDPSGH0DUV\HVWHUGD\&KDWHDX5HQDXGERZHGWRWKH
FRXQWHVV
6R\RXZHUHDWWKHUDFHVEDURQ"LQTXLUHGWKHFRXQWHVV
HDJHUO\
<HVPDGDPH
:HOOWKHQSXUVXHG0DGDPH*ZLWKFRQVLGHUDEOH
DQLPDWLRQ\RXFDQSUREDEO\WHOOPHZKRZRQWKH-RFNH\&OXE
VWDNHV"
,DPVRUU\WRVD\,FDQQRWUHSOLHGWKHEDURQDQG,ZDV
MXVWDVNLQJWKHVDPHTXHVWLRQRI$OEHUW
$UH\RXYHU\DQ[LRXVWRNQRZFRXQWHVV"DVNHG$OEHUW
7RNQRZZKDW"
7KHQDPHRIWKHRZQHURIWKHZLQQLQJKRUVH"
([FHVVLYHO\RQO\LPDJLQHEXWGRWHOOPHYLVFRXQW
ZKHWKHU\RXUHDOO\DUHDFTXDLQWHGZLWKLWRUQR"
,EHJ\RXUSDUGRQPDGDPHEXW\RXZHUHDERXWWRUHODWH
VRPHVWRU\ZHUH\RXQRW"<RXVDLGCRQO\LPDJLQH
DQG
WKHQSDXVHG3UD\FRQWLQXH
:HOOWKHQOLVWHQ<RXPXVWNQRZ,IHOWVRLQWHUHVWHGLQ
WKHVSOHQGLGURDQKRUVHZLWKKLVHOHJDQWOLWWOHULGHUVR
WDVWHIXOO\GUHVVHGLQDSLQNVDWLQMDFNHWDQGFDSWKDW,
FRXOGQRWKHOSSUD\LQJIRUWKHLUVXFFHVVZLWKDVPXFK
HDUQHVWQHVVDVWKRXJKWKHKDOIRIP\IRUWXQHZHUHDWVWDNH
DQGZKHQ,VDZWKHPRXWVWULSDOOWKHRWKHUVDQGFRPHWRWKH
ZLQQLQJSRVWLQVXFKJDOODQWVW\OH,DFWXDOO\FODSSHGP\
KDQGVZLWKMR\,PDJLQHP\VXUSULVHZKHQXSRQUHWXUQLQJ
KRPHWKHILUVWREMHFW,PHWRQWKHVWDLUFDVHZDVWKH
LGHQWLFDOMRFNH\LQWKHSLQNMDFNHW,FRQFOXGHGWKDWE\
VRPHVLQJXODUFKDQFHWKHRZQHURIWKHZLQQLQJKRUVHPXVW
OLYHLQWKHVDPHKRWHODVP\VHOIEXWDV,HQWHUHGP\
DSDUWPHQWV,EHKHOGWKHYHU\JROGFXSDZDUGHGDVDSUL]HWR
WKHXQNQRZQKRUVHDQGULGHU,QVLGHWKHFXSZDVDVPDOO

677

SLHFHRISDSHURQZKLFKZHUHZULWWHQWKHVHZRUGVC)URP
/RUG5XWKYHQWR&RXQWHVV*

3UHFLVHO\,ZDVVXUHRILWVDLG0RUFHUI
6XUHRIZKDW"
7KDWWKHRZQHURIWKHKRUVHZDV/RUG5XWKYHQKLPVHOI
:KDW/RUG5XWKYHQGR\RXPHDQ"
:K\RXU/RUG5XWKYHQWKH9DPSLUHRIWKH6DOOH
$UJHQWLQR
,VLWSRVVLEOH"H[FODLPHGWKHFRXQWHVVLVKHKHUHLQ
3DULV"
7REHVXUHZK\QRW"
$QG\RXYLVLWKLP"PHHWKLPDW\RXURZQKRXVHDQG
HOVHZKHUH"
,DVVXUH\RXKHLVP\PRVWLQWLPDWHIULHQGDQG0GH
&KDWHDX5HQDXGKDVDOVRWKHKRQRURIKLVDFTXDLQWDQFH
%XWZK\DUH\RXVRVXUHRIKLVEHLQJWKHZLQQHURIWKH
-RFNH\&OXESUL]H"
:DVQRWWKHZLQQLQJKRUVHHQWHUHGE\WKHQDPHRI9DPSD"
:KDWRIWKDW"
:K\GR\RXQRWUHFROOHFWWKHQDPHRIWKHFHOHEUDWHGEDQGLW
E\ZKRP,ZDVPDGHSULVRQHU"
2K\HV
$QGIURPZKRVHKDQGVWKHFRXQWH[WULFDWHGPHLQVR
ZRQGHUIXODPDQQHU"
7REHVXUH,UHPHPEHULWDOOQRZ
+HFDOOHGKLPVHOI9DPSD<RXVHHLW
VHYLGHQWZKHUHWKH
FRXQWJRWWKHQDPH

678

%XWZKDWFRXOGKDYHEHHQKLVPRWLYHIRUVHQGLQJWKHFXSWR
PH"
,QWKHILUVWSODFHEHFDXVH,KDGVSRNHQPXFKRI\RXWR
KLPDV\RXPD\EHOLHYHDQGLQWKHVHFRQGEHFDXVHKH
GHOLJKWHGWRVHHDFRXQWU\ZRPDQWDNHVROLYHO\DQLQWHUHVW
LQKLVVXFFHVV
,WUXVWDQGKRSH\RXQHYHUUHSHDWHGWRWKHFRXQWDOOWKH
IRROLVKUHPDUNVZHXVHGWRPDNHDERXWKLP"
,VKRXOGQRWOLNHWRDIILUPXSRQRDWKWKDW,KDYHQRW
%HVLGHVKLVSUHVHQWLQJ\RXWKHFXSXQGHUWKHQDPHRI/RUG
5XWKYHQ
2KEXWWKDWLVGUHDGIXO:K\WKHPDQPXVWRZHPHD
IHDUIXOJUXGJH
'RHVKLVDFWLRQDSSHDUOLNHWKDWRIDQHQHP\"
1RFHUWDLQO\QRW
:HOOWKHQ
$QGVRKHLVLQ3DULV"
<HV
$QGZKDWHIIHFWGRHVKHSURGXFH"
:K\VDLG$OEHUWKHZDVWDONHGDERXWIRUDZHHNWKHQ
WKHFRURQDWLRQRIWKHTXHHQRI(QJODQGWRRNSODFHIROORZHG
E\WKHWKHIWRI0DGHPRLVHOOH0DUV
VGLDPRQGVDQGVRSHRSOH
WDONHGRIVRPHWKLQJHOVH
0\JRRGIHOORZVDLG&KDWHDX5HQDXGWKHFRXQWLV\RXU
IULHQGDQG\RXWUHDWKLPDFFRUGLQJO\'RQRWEHOLHYHZKDW
$OEHUWLVWHOOLQJ\RXFRXQWHVVVRIDUIURPWKHVHQVDWLRQ
H[FLWHGLQWKH3DULVLDQFLUFOHVE\WKHDSSHDUDQFHRIWKH
&RXQWRI0RQWH&ULVWRKDYLQJDEDWHG,WDNHXSRQP\VHOIWR
GHFODUHWKDWLWLVDVVWURQJDVHYHU+LVILUVWDVWRXQGLQJ
DFWXSRQFRPLQJDPRQJVWXVZDVWRSUHVHQWDSDLURIKRUVHV
ZRUWKIUDQFVWR0DGDPH'DQJODUVKLVVHFRQGWKH

679

DOPRVWPLUDFXORXVSUHVHUYDWLRQRI0DGDPHGH9LOOHIRUW
V
OLIHQRZLWVHHPVWKDWKHKDVFDUULHGRIIWKHSUL]HDZDUGHG
E\WKH-RFNH\&OXE,WKHUHIRUHPDLQWDLQLQVSLWHRI
0RUFHUIWKDWQRWRQO\LVWKHFRXQWWKHREMHFWRILQWHUHVW
DWWKLVSUHVHQWPRPHQWEXWDOVRWKDWKHZLOOFRQWLQXHWREH
VRIRUDPRQWKORQJHULIKHSOHDVHVWRH[KLELWDQ
HFFHQWULFLW\RIFRQGXFWZKLFKDIWHUDOOPD\EHKLV
RUGLQDU\PRGHRIH[LVWHQFH
3HUKDSV\RXDUHULJKWVDLG0RUFHUIPHDQZKLOHZKRLVLQ
WKH5XVVLDQDPEDVVDGRU
VER["
:KLFKER[GR\RXPHDQ"DVNHGWKHFRXQWHVV
7KHRQHEHWZHHQWKHSLOODUVRQWKHILUVWWLHULWVHHPV
WRKDYHEHHQILWWHGXSHQWLUHO\DIUHVK
'LG\RXREVHUYHDQ\RQHGXULQJWKHILUVWDFW"DVNHG
&KDWHDX5HQDXG
:KHUH"
,QWKDWER[
1RUHSOLHGWKHFRXQWHVVLWZDVFHUWDLQO\HPSW\GXULQJ
WKHILUVWDFWWKHQUHVXPLQJWKHVXEMHFWRIWKHLUSUHYLRXV
FRQYHUVDWLRQVKHVDLG$QGVR\RXUHDOO\EHOLHYHLWZDV
\RXUP\VWHULRXV&RXQWRI0RQWH&ULVWRWKDWJDLQHGWKH
SUL]H"
,DPVXUHRILW
$QGZKRDIWHUZDUGVVHQWWKHFXSWRPH"
8QGRXEWHGO\
%XW,GRQ
WNQRZKLPVDLGWKHFRXQWHVV,KDYHDJUHDW
PLQGWRUHWXUQLW
'RQRVXFKWKLQJ,EHJRI\RXKHZRXOGRQO\VHQG\RX
DQRWKHUIRUPHGRIDPDJQLILFHQWVDSSKLUHRUKROORZHGRXW
RIDJLJDQWLFUXE\,WLVKLVZD\DQG\RXPXVWWDNHKLPDV
\RXILQGKLP$WWKLVPRPHQWWKHEHOOUDQJWRDQQRXQFHWKH
GUDZLQJXSRIWKHFXUWDLQIRUWKHVHFRQGDFW$OEHUWURVHWR

680

UHWXUQWRKLVSODFH6KDOO,VHH\RXDJDLQ"DVNHGWKH
FRXQWHVV$WWKHHQGRIWKHQH[WDFWZLWK\RXUSHUPLVVLRQ
,ZLOOFRPHDQGLQTXLUHZKHWKHUWKHUHLVDQ\WKLQJ,FDQGR
IRU\RXLQ3DULV"
3UD\WDNHQRWLFHVDLGWKHFRXQWHVVWKDWP\SUHVHQW
UHVLGHQFHLV5XHGH5LYROLDQGWKDW,DPDWKRPHWRP\
IULHQGVHYHU\6DWXUGD\HYHQLQJ6RQRZ\RXDUHERWK
IRUHZDUQHG7KH\RXQJPHQERZHGDQGTXLWWHGWKHER[8SRQ
UHDFKLQJWKHLUVWDOOVWKH\IRXQGWKHZKROHRIWKHDXGLHQFH
LQWKHSDUWHUUHVWDQGLQJXSDQGGLUHFWLQJWKHLUJD]HWRZDUGV
WKHER[IRUPHUO\SRVVHVVHGE\WKH5XVVLDQDPEDVVDGRU$PDQ
RIIURPWKLUW\ILYHWRIRUW\\HDUVRIDJHGUHVVHGLQGHHS
EODFNKDGMXVWHQWHUHGDFFRPSDQLHGE\D\RXQJZRPDQ
GUHVVHGDIWHUWKH(DVWHUQVW\OH7KHODG\ZDVVXUSDVVLQJO\
EHDXWLIXOZKLOHWKHULFKPDJQLILFHQFHRIKHUDWWLUHGUHZ
DOOH\HVXSRQKHU+XOORVDLG$OEHUWLWLV0RQWH&ULVWR
DQGKLV*UHHN
7KHVWUDQJHUVZHUHLQGHHGQRRWKHUWKDQWKHFRXQWDQG
+DLGHH,QDIHZPRPHQWVWKH\RXQJJLUOKDGDWWUDFWHGWKH
DWWHQWLRQRIWKHZKROHKRXVHDQGHYHQWKHRFFXSDQWVRIWKH
ER[HVOHDQHGIRUZDUGWRVFUXWLQL]HKHUPDJQLILFHQWGLDPRQGV
7KHVHFRQGDFWSDVVHGDZD\GXULQJRQHFRQWLQXHGEX]]RI
YRLFHVRQHGHHSZKLVSHULQWLPDWLQJWKDWVRPHJUHDWDQG
XQLYHUVDOO\LQWHUHVWLQJHYHQWKDGRFFXUUHGDOOH\HVDOO
WKRXJKWVZHUHRFFXSLHGZLWKWKH\RXQJDQGEHDXWLIXOZRPDQ
ZKRVHJRUJHRXVDSSDUHODQGVSOHQGLGMHZHOVPDGHDPRVW
H[WUDRUGLQDU\VSHFWDFOH8SRQWKLVRFFDVLRQDQXQPLVWDNDEOH
VLJQIURP0DGDPH'DQJODUVLQWLPDWHGKHUGHVLUHWRVHH$OEHUW
LQKHUER[GLUHFWO\WKHFXUWDLQIHOORQWKHVHFRQGDFWDQG
QHLWKHUWKHSROLWHQHVVQRUJRRGWDVWHRI0RUFHUIZRXOG
SHUPLWKLVQHJOHFWLQJDQLQYLWDWLRQVRXQHTXLYRFDOO\JLYHQ
$WWKHFORVHRIWKHDFWKHWKHUHIRUHZHQWWRWKHEDURQHVV
+DYLQJERZHGWRWKHWZRODGLHVKHH[WHQGHGKLVKDQGWR
'HEUD\%\WKHEDURQHVVKHZDVPRVWJUDFLRXVO\ZHOFRPHG
ZKLOH(XJHQLHUHFHLYHGKLPZLWKKHUDFFXVWRPHGFROGQHVV
0\GHDUIHOORZVDLG'HEUD\\RXKDYHFRPHLQWKHQLFNRI
WLPH7KHUHLVPDGDPHRYHUZKHOPLQJPHZLWKTXHVWLRQV
UHVSHFWLQJWKHFRXQWVKHLQVLVWVXSRQLWWKDW,FDQWHOO
KHUKLVELUWKHGXFDWLRQDQGSDUHQWDJHZKHUHKHFDPHIURP
DQGZKLWKHUKHLVJRLQJ%HLQJQRGLVFLSOHRI&DJOLRVWUR,
ZDVZKROO\XQDEOHWRGRWKLVVRE\ZD\RIJHWWLQJRXWRI

681

WKHVFUDSH,VDLGC$VN0RUFHUIKHKDVJRWWKHZKROH
KLVWRU\RIKLVEHORYHG0RQWH&ULVWRDWKLVILQJHUV
HQGV

ZKHUHXSRQWKHEDURQHVVVLJQLILHGKHUGHVLUHWRVHH\RX
,VLWQRWDOPRVWLQFUHGLEOHVDLG0DGDPH'DQJODUVWKDWD
SHUVRQKDYLQJDWOHDVWKDOIDPLOOLRQRIVHFUHWVHUYLFH
PRQH\DWKLVFRPPDQGVKRXOGSRVVHVVVROLWWOHLQIRUPDWLRQ"
/HWPHDVVXUH\RXPDGDPHVDLG/XFLHQWKDWKDG,UHDOO\
WKHVXP\RXPHQWLRQDWP\GLVSRVDO,ZRXOGHPSOR\LWPRUH
SURILWDEO\WKDQLQWURXEOLQJP\VHOIWRREWDLQSDUWLFXODUV
UHVSHFWLQJWKH&RXQWRI0RQWH&ULVWRZKRVHRQO\PHULWLQP\
H\HVFRQVLVWVLQKLVEHLQJWZLFHDVULFKDVDQDERE
+RZHYHU,KDYHWXUQHGWKHEXVLQHVVRYHUWR0RUFHUIVRSUD\
VHWWOHLWZLWKKLPDVPD\EHPRVWDJUHHDEOHWR\RXIRUP\
RZQSDUW,FDUHQRWKLQJDERXWWKHFRXQWRUKLVP\VWHULRXV
GRLQJV
,DPYHU\VXUHQRQDEREZRXOGKDYHVHQWPHDSDLURIKRUVHV
ZRUWKIUDQFVZHDULQJRQWKHLUKHDGVIRXUGLDPRQGV
YDOXHGDWIUDQFVHDFK
+HVHHPVWRKDYHDPDQLDIRUGLDPRQGVVDLG0RUFHUI
VPLOLQJDQG,YHULO\EHOLHYHWKDWOLNH3RWHPNLQKHNHHSV
KLVSRFNHWVILOOHGIRUWKHVDNHRIVWUHZLQJWKHPDORQJWKH
URDGDV7RP7KXPEGLGKLVIOLQWVWRQHV
3HUKDSVKHKDVGLVFRYHUHGVRPHPLQHVDLG0DGDPH'DQJODUV
,VXSSRVH\RXNQRZKHKDVDQRUGHUIRUXQOLPLWHGFUHGLWRQ
WKHEDURQ
VEDQNLQJHVWDEOLVKPHQW"
,ZDVQRWDZDUHRILWUHSOLHG$OEHUWEXW,FDQUHDGLO\
EHOLHYHLW
$QGIXUWKHUWKDWKHVWDWHGWR0'DQJODUVKLVLQWHQWLRQ
RIRQO\VWD\LQJD\HDULQ3DULVGXULQJZKLFKWLPHKH
SURSRVHGWRVSHQGVL[PLOOLRQV
+HPXVWEHWKH6KDKRI3HUVLDWUDYHOOLQJLQFRJ
+DYH\RXQRWLFHGWKHUHPDUNDEOHEHDXW\RIWKH\RXQJZRPDQ
0/XFLHQ"LQTXLUHG(XJHQLH
,UHDOO\QHYHUPHWZLWKRQHZRPDQVRUHDG\WRGRMXVWLFHWR

682

WKHFKDUPVRIDQRWKHUDV\RXUVHOIUHVSRQGHG/XFLHQ
UDLVLQJKLVORUJQHWWHWRKLVH\H$PRVWORYHO\FUHDWXUH
XSRQP\VRXOZDVKLVYHUGLFW
:KRLVWKLV\RXQJSHUVRQ0GH0RUFHUI"LQTXLUHG(XJHQLH
GRHVDQ\ERG\NQRZ"
0DGHPRLVHOOHVDLG$OEHUWUHSO\LQJWRWKLVGLUHFWDSSHDO
,FDQJLYH\RXYHU\H[DFWLQIRUPDWLRQRQWKDWVXEMHFWDV
ZHOODVRQPRVWSRLQWVUHODWLYHWRWKHP\VWHULRXVSHUVRQRI
ZKRPZHDUHQRZFRQYHUVLQJWKH\RXQJZRPDQLVD*UHHN
6R,VKRXOGVXSSRVHE\KHUGUHVVLI\RXNQRZQRPRUHWKDQ
WKDWHYHU\RQHKHUHLVDVZHOOLQIRUPHGDV\RXUVHOI
,DPH[WUHPHO\VRUU\\RXILQGPHVRLJQRUDQWDFLFHURQH
UHSOLHG0RUFHUIEXW,DPUHOXFWDQWO\REOLJHGWRFRQIHVV,
KDYHQRWKLQJIXUWKHUWRFRPPXQLFDWH\HVVWD\,GRNQRZ
RQHWKLQJPRUHQDPHO\WKDWVKHLVDPXVLFLDQIRURQHGD\
ZKHQ,FKDQFHGWREHEUHDNIDVWLQJZLWKWKHFRXQW,KHDUG
WKHVRXQGRIDJX]ODLWLVLPSRVVLEOHWKDWLWFRXOGKDYH
EHHQWRXFKHGE\DQ\RWKHUILQJHUWKDQKHURZQ
7KHQ\RXUFRXQWHQWHUWDLQVYLVLWRUVGRHVKH"DVNHG0DGDPH
'DQJODUV
,QGHHGKHGRHVDQGLQDPRVWODYLVKPDQQHU,FDQDVVXUH
\RX
,PXVWWU\DQGSHUVXDGH0'DQJODUVWRLQYLWHKLPWRDEDOO
RUGLQQHURUVRPHWKLQJRIWKHVRUWWKDWKHPD\EH
FRPSHOOHGWRDVNXVLQUHWXUQ
:KDWVDLG'HEUD\ODXJKLQJGR\RXUHDOO\PHDQ\RXZRXOG
JRWRKLVKRXVH"
:K\QRW"P\KXVEDQGFRXOGDFFRPSDQ\PH
%XWGR\RXNQRZWKLVP\VWHULRXVFRXQWLVDEDFKHORU"
<RXKDYHDPSOHSURRIWRWKHFRQWUDU\LI\RXORRN
RSSRVLWHVDLGWKHEDURQHVVDVVKHODXJKLQJO\SRLQWHGWR
WKHEHDXWLIXO*UHHN

683

1RQRH[FODLPHG'HEUD\WKDWJLUOLVQRWKLVZLIHKH
WROGXVKLPVHOIVKHZDVKLVVODYH'R\RXQRWUHFROOHFW
0RUFHUIKLVWHOOLQJXVVRDW\RXUEUHDNIDVW"
:HOOWKHQVDLGWKHEDURQHVVLIVODYHVKHEHVKHKDV
DOOWKHDLUDQGPDQQHURIDSULQFHVV
2IWKHC$UDELDQ1LJKWV
"
,I\RXOLNHEXWWHOOPHP\GHDU/XFLHQZKDWLWLVWKDW
FRQVWLWXWHVDSULQFHVV:K\GLDPRQGVDQGVKHLVFRYHUHG
ZLWKWKHP
7RPHVKHVHHPVRYHUORDGHGREVHUYHG(XJHQLHVKHZRXOG
ORRNIDUEHWWHULIVKHZRUHIHZHUDQGZHVKRXOGWKHQEH
DEOHWRVHHKHUILQHO\IRUPHGWKURDWDQGZULVWV
6HHKRZWKHDUWLVWSHHSVRXWH[FODLPHG0DGDPH'DQJODUV
0\SRRU(XJHQLH\RXPXVWFRQFHDO\RXUSDVVLRQIRUWKHILQH
DUWV
,DGPLUHDOOWKDWLVEHDXWLIXOUHWXUQHGWKH\RXQJODG\
:KDWGR\RXWKLQNRIWKHFRXQW"LQTXLUHG'HEUD\KHLV
QRWPXFKDPLVVDFFRUGLQJWRP\LGHDVRIJRRGORRNV
7KHFRXQWUHSHDWHG(XJHQLHDVWKRXJKLWKDGQRWRFFXUUHG
WRKHUWRREVHUYHKLPVRRQHUWKHFRXQW"RKKHLVVR
GUHDGIXOO\SDOH
,TXLWHDJUHHZLWK\RXVDLG0RUFHUIDQGWKHVHFUHWRI
WKDWYHU\SDOORULVZKDWZHZDQWWRILQGRXW7KH&RXQWHVV
*LQVLVWVXSRQLWWKDWKHLVDYDPSLUH
7KHQWKH&RXQWHVV*KDVUHWXUQHGWR3DULVKDVVKH"
LQTXLUHGWKHEDURQHVV
,VWKDWVKHPDPPD"DVNHG(XJHQLHDOPRVWRSSRVLWHWRXV
ZLWKWKDWSURIXVLRQRIEHDXWLIXOOLJKWKDLU"
<HVVDLG0DGDPH'DQJODUVWKDWLVVKH6KDOO,WHOO\RX
ZKDW\RXRXJKWWRGR0RUFHUI"
&RPPDQGPHPDGDPH

684

:HOOWKHQ\RXVKRXOGJRDQGEULQJ\RXU&RXQWRI0RQWH
&ULVWRWRXV
:KDWIRU"DVNHG(XJHQLH
:KDWIRU":K\WRFRQYHUVHZLWKKLPRIFRXUVH+DYH\RX
UHDOO\QRGHVLUHWRPHHWKLP"
1RQHZKDWHYHUUHSOLHG(XJHQLH
6WUDQJHFKLOGPXUPXUHGWKHEDURQHVV
+HZLOOYHU\SUREDEO\FRPHRIKLVRZQDFFRUGVDLG
0RUFHUI7KHUHGR\RXVHHPDGDPHKHUHFRJQL]HV\RXDQG
ERZV7KHEDURQHVVUHWXUQHGWKHVDOXWHLQWKHPRVWVPLOLQJ
DQGJUDFHIXOPDQQHU
:HOOVDLG0RUFHUI,PD\DVZHOOEHPDJQDQLPRXVDQG
WHDUP\VHOIDZD\WRIRUZDUG\RXUZLVKHV$GLHX,ZLOOJR
DQGWU\LIWKHUHDUHDQ\PHDQVRIVSHDNLQJWRKLP
*RVWUDLJKWWRKLVER[WKDWZLOOEHWKHVLPSOHVWSODQ
%XW,KDYHQHYHUEHHQSUHVHQWHG
3UHVHQWHGWRZKRP"
7RWKHEHDXWLIXO*UHHN
<RXVD\VKHLVRQO\DVODYH"
:KLOH\RXDVVHUWWKDWVKHLVDTXHHQRUDWOHDVWD
SULQFHVV1R,KRSHWKDWZKHQKHVHHVPHOHDYH\RXKHZLOO
FRPHRXW
7KDWLVSRVVLEOHJR
,DPJRLQJVDLG$OEHUWDVKHPDGHKLVSDUWLQJERZ-XVW
DVKHZDVSDVVLQJWKHFRXQW
VER[WKHGRRURSHQHGDQG
0RQWH&ULVWRFDPHIRUWK$IWHUJLYLQJVRPHGLUHFWLRQVWR
$OLZKRVWRRGLQWKHOREE\WKHFRXQWWRRN$OEHUW
VDUP
&DUHIXOO\FORVLQJWKHER[GRRU$OLSODFHGKLPVHOIEHIRUH
LWZKLOHDFURZGRIVSHFWDWRUVDVVHPEOHGURXQGWKH1XELDQ

685

8SRQP\ZRUGVDLG0RQWH&ULVWR3DULVLVDVWUDQJHFLW\
DQGWKH3DULVLDQVDYHU\VLQJXODUSHRSOH6HHWKDWFOXVWHU
RISHUVRQVFROOHFWHGDURXQGSRRU$OLZKRLVDVPXFK
DVWRQLVKHGDVWKHPVHOYHVUHDOO\RQHPLJKWVXSSRVHKHZDV
WKHRQO\1XELDQWKH\KDGHYHUEHKHOG1RZ,FDQSURPLVH\RX
WKDWD)UHQFKPDQPLJKWVKRZKLPVHOILQSXEOLFHLWKHULQ
7XQLV&RQVWDQWLQRSOH%DJGDGRU&DLURZLWKRXWEHLQJ
WUHDWHGLQWKDWZD\
7KDWVKRZVWKDWWKH(DVWHUQQDWLRQVKDYHWRRPXFKJRRG
VHQVHWRZDVWHWKHLUWLPHDQGDWWHQWLRQRQREMHFWV
XQGHVHUYLQJRIHLWKHU+RZHYHUDVIDUDV$OLLVFRQFHUQHG
,FDQDVVXUH\RXWKHLQWHUHVWKHH[FLWHVLVPHUHO\IURPWKH
FLUFXPVWDQFHRIKLVEHLQJ\RXUDWWHQGDQW\RXZKRDUHDW
WKLVPRPHQWWKHPRVWFHOHEUDWHGDQGIDVKLRQDEOHSHUVRQLQ
3DULV
5HDOO\"DQGZKDWKDVSURFXUHGPHVRIOXWWHULQJD
GLVWLQFWLRQ"
:KDW"ZK\\RXUVHOIWREHVXUH<RXJLYHDZD\KRUVHVZRUWK
DWKRXVDQGORXLV\RXVDYHWKHOLYHVRIODGLHVRIKLJKUDQN
DQGEHDXW\XQGHUWKHQDPHRI0DMRU%UDFN\RXUXQ
WKRURXJKEUHGVULGGHQE\WLQ\XUFKLQVQRWODUJHUWKDQ
PDUPRWVWKHQZKHQ\RXKDYHFDUULHGRIIWKHJROGHQWURSK\
RIYLFWRU\LQVWHDGRIVHWWLQJDQ\YDOXHRQLW\RXJLYHLW
WRWKHILUVWKDQGVRPHZRPDQ\RXWKLQNRI
$QGZKRKDVILOOHG\RXUKHDGZLWKDOOWKLVQRQVHQVH"
:K\LQWKHILUVWSODFH,KHDUGLWIURP0DGDPH'DQJODUV
ZKRE\WKHE\LVG\LQJWRVHH\RXLQKHUER[RUWRKDYH
\RXVHHQWKHUHE\RWKHUVVHFRQGO\,OHDUQHGLWIURP
%HDXFKDPS
VMRXUQDODQGWKLUGO\IURPP\RZQLPDJLQDWLRQ
:K\LI\RXVRXJKWFRQFHDOPHQWGLG\RXFDOO\RXUKRUVH
9DPSD"
7KDWZDVDQRYHUVLJKWFHUWDLQO\UHSOLHGWKHFRXQWEXW
WHOOPHGRHVWKH&RXQWRI0RUFHUIQHYHUYLVLWWKH2SHUD",
KDYHEHHQORRNLQJIRUKLPEXWZLWKRXWVXFFHVV
+HZLOOEHKHUHWRQLJKW

686

,QZKDWSDUWRIWKHKRXVH"
,QWKHEDURQHVV
VER[,EHOLHYH
7KDWFKDUPLQJ\RXQJZRPDQZLWKKHULVKHUGDXJKWHU"
<HV
,FRQJUDWXODWH\RX0RUFHUIVPLOHG:HZLOOGLVFXVVWKDW
VXEMHFWDWOHQJWKVRPHIXWXUHWLPHVDLGKH%XWZKDWGR
\RXWKLQNRIWKHPXVLF"
:KDWPXVLF"
:K\WKHPXVLF\RXKDYHEHHQOLVWHQLQJWR
2KLWLVZHOOHQRXJKDVWKHSURGXFWLRQRIDKXPDQ
FRPSRVHUVXQJE\IHDWKHUOHVVELSHGVWRTXRWHWKHODWH
'LRJHQHV
)URPZKLFKLWZRXOGVHHPP\GHDUFRXQWWKDW\RXFDQDW
SOHDVXUHHQMR\WKHVHUDSKLFVWUDLQVWKDWSURFHHGIURPWKH
VHYHQFKRLUVRISDUDGLVH"
<RXDUHULJKWLQVRPHGHJUHHZKHQ,ZLVKWROLVWHQWR
VRXQGVPRUHH[TXLVLWHO\DWWXQHGWRPHORG\WKDQPRUWDOHDU
HYHU\HWOLVWHQHGWR,JRWRVOHHS
7KHQVOHHSKHUHP\GHDUFRXQW7KHFRQGLWLRQVDUH
IDYRUDEOHZKDWHOVHZDVRSHUDLQYHQWHGIRU"
1RWKDQN\RX<RXURUFKHVWUDLVWRRQRLV\7RVOHHSDIWHU
WKHPDQQHU,VSHDNRIDEVROXWHFDOPDQGVLOHQFHDUH
QHFHVVDU\DQGWKHQDFHUWDLQSUHSDUDWLRQ
,NQRZWKHIDPRXVKDVKLVK
3UHFLVHO\6RP\GHDUYLVFRXQWZKHQHYHU\RXZLVKWREH
UHJDOHGZLWKPXVLFFRPHDQGVXSZLWKPH
,KDYHDOUHDG\HQMR\HGWKDWWUHDWZKHQEUHDNIDVWLQJZLWK
\RXVDLG0RUFHUI
'R\RXPHDQDW5RPH"

687

,GR
$KWKHQ,VXSSRVH\RXKHDUG+DLGHH
VJX]ODWKHSRRU
H[LOHIUHTXHQWO\EHJXLOHVDZHDU\KRXULQSOD\LQJRYHUWRPH
WKHDLUVRIKHUQDWLYHODQG0RUFHUIGLGQRWSXUVXHWKH
VXEMHFWDQG0RQWH&ULVWRKLPVHOIIHOOLQWRDVLOHQW
UHYHULH7KHEHOOUDQJDWWKLVPRPHQWIRUWKHULVLQJRIWKH
FXUWDLQ<RXZLOOH[FXVHP\OHDYLQJ\RXVDLGWKHFRXQW
WXUQLQJLQWKHGLUHFWLRQRIKLVER[
:KDW"$UH\RXJRLQJ"
3UD\VD\HYHU\WKLQJWKDWLVNLQGWR&RXQWHVV*RQWKH
SDUWRIKHUIULHQGWKH9DPSLUH
$QGZKDWPHVVDJHVKDOO,FRQYH\WRWKHEDURQHVV
7KDWZLWKKHUSHUPLVVLRQ,VKDOOGRP\VHOIWKHKRQRURI
SD\LQJP\UHVSHFWVLQWKHFRXUVHRIWKHHYHQLQJ
7KHWKLUGDFWKDGEHJXQDQGGXULQJLWVSURJUHVVWKH&RXQW
RI0RUFHUIDFFRUGLQJWRKLVSURPLVHPDGHKLVDSSHDUDQFHLQ
WKHER[RI0DGDPH'DQJODUV7KH&RXQWRI0RUFHUIZDVQRWD
SHUVRQWRH[FLWHHLWKHULQWHUHVWRUFXULRVLW\LQDSODFHRI
SXEOLFDPXVHPHQWKLVSUHVHQFHWKHUHIRUHZDVZKROO\
XQQRWLFHGVDYHE\WKHRFFXSDQWVRIWKHER[LQZKLFKKHKDG
MXVWVHDWHGKLPVHOI7KHTXLFNH\HRI0RQWH&ULVWRKRZHYHU
PDUNHGKLVFRPLQJDQGDVOLJKWWKRXJKPHDQLQJVPLOHSDVVHG
RYHUKLVOLSV+DLGHHZKRVHVRXOVHHPHGFHQWUHGLQWKH
EXVLQHVVRIWKHVWDJHOLNHDOOXQVRSKLVWLFDWHGQDWXUHV
GHOLJKWHGLQZKDWHYHUDGGUHVVHGLWVHOIWRWKHH\HRUHDU
7KHWKLUGDFWSDVVHGRIIDVXVXDO0HVGHPRLVHOOHV1REOHW
-XOLHDQG/HURX[H[HFXWHGWKHFXVWRPDU\SLURXHWWHV5REHUW
GXO\FKDOOHQJHGWKH3ULQFHRI*UDQDGDDQGWKHUR\DOIDWKHU
RIWKHSULQFHVV,VDEHOODWDNLQJKLVGDXJKWHUE\WKHKDQG
VZHSWURXQGWKHVWDJHZLWKPDMHVWLFVWULGHVWKHEHWWHUWR
GLVSOD\WKHULFKIROGVRIKLVYHOYHWUREHDQGPDQWOH$IWHU
ZKLFKWKHFXUWDLQDJDLQIHOODQGWKHVSHFWDWRUVSRXUHG
IRUWKIURPWKHWKHDWUHLQWRWKHOREELHVDQGVDORQ7KHFRXQW
OHIWKLVER[DQGDPRPHQWODWHUZDVVDOXWLQJWKH%DURQQH
'DQJODUVZKRFRXOGQRWUHVWUDLQDFU\RIPLQJOHGSOHDVXUH
DQGVXUSULVH<RXDUHZHOFRPHFRXQWVKHH[FODLPHGDVKH

688

HQWHUHG,KDYHEHHQPRVWDQ[LRXVWRVHH\RXWKDW,PLJKW
UHSHDWRUDOO\WKHWKDQNVZULWLQJFDQVRLOOH[SUHVV
6XUHO\VRWULIOLQJDFLUFXPVWDQFHFDQQRWGHVHUYHDSODFHLQ
\RXUUHPHPEUDQFH%HOLHYHPHPDGDPH,KDGHQWLUHO\
IRUJRWWHQLW
%XWLWLVQRWVRHDV\WRIRUJHWPRQVLHXUWKDWWKHYHU\
QH[WGD\DIWHU\RXUSULQFHO\JLIW\RXVDYHGWKHOLIHRIP\
GHDUIULHQG0DGDPHGH9LOOHIRUWZKLFKZDVHQGDQJHUHGE\
WKHYHU\DQLPDOV\RXUJHQHURVLW\UHVWRUHGWRPH
7KLVWLPHDWOHDVW,GRQRWGHVHUYH\RXUWKDQNV,WZDV
$OLP\1XELDQVODYHZKRUHQGHUHGWKLVVHUYLFHWR0DGDPHGH
9LOOHIRUW
:DVLW$OLDVNHGWKH&RXQWRI0RUFHUIZKRUHVFXHGP\
VRQIURPWKHKDQGVRIEDQGLWV"
1RFRXQWUHSOLHG0RQWH&ULVWRWDNLQJWKHKDQGKHOGRXW
WRKLPE\WKHJHQHUDOLQWKLVLQVWDQFH,PD\IDLUO\DQG
IUHHO\DFFHSW\RXUWKDQNVEXW\RXKDYHDOUHDG\WHQGHUHG
WKHPDQGIXOO\GLVFKDUJHG\RXUGHEWLILQGHHGWKHUH
H[LVWHGRQHDQG,IHHODOPRVWPRUWLILHGWRILQG\RXVWLOO
UHYHUWLQJWRWKHVXEMHFW0D\,EHJRI\RXEDURQHVVWR
KRQRUPHZLWKDQLQWURGXFWLRQWR\RXUGDXJKWHU"
2K\RXDUHQRVWUDQJHUDWOHDVWQRWE\QDPHUHSOLHG
0DGDPH'DQJODUVDQGWKHODVWWZRRUWKUHHGD\VZHKDYH
UHDOO\WDONHGRIQRWKLQJEXW\RX(XJHQLHFRQWLQXHGWKH
EDURQHVVWXUQLQJWRZDUGVKHUGDXJKWHUWKLVLVWKH&RXQW
RI0RQWH&ULVWR7KH&RXQWERZHGZKLOH0DGHPRLVHOOH
'DQJODUVEHQWKHUKHDGVOLJKWO\<RXKDYHDFKDUPLQJ\RXQJ
SHUVRQZLWK\RXWRQLJKWFRXQWVDLG(XJHQLH,VVKH\RXU
GDXJKWHU"
1RPDGHPRLVHOOHVDLG0RQWH&ULVWRDVWRQLVKHGDWWKH
FRROQHVVDQGIUHHGRPRIWKHTXHVWLRQ6KHLVDSRRU
XQIRUWXQDWH*UHHNOHIWXQGHUP\FDUH
$QGZKDWLVKHUQDPH"
+DLGHHUHSOLHG0RQWH&ULVWR

689

$*UHHN"PXUPXUHGWKH&RXQWRI0RUFHUI
<HVLQGHHGFRXQWVDLG0DGDPH'DQJODUVDQGWHOOPH
GLG\RXHYHUVHHDWWKHFRXUWRI$OL7HSHOLQLZKRP\RXVR
JORULRXVO\DQGYDOLDQWO\VHUYHGDPRUHH[TXLVLWHEHDXW\RU
ULFKHUFRVWXPH"
'LG,KHDUULJKWO\PRQVLHXUVDLG0RQWH&ULVWRWKDW\RX
VHUYHGDW<DQLQD"
,ZDVLQVSHFWRUJHQHUDORIWKHSDVKD
VWURRSVUHSOLHG
0RUFHUIDQGLWLVQRVHFUHWWKDW,RZHP\IRUWXQHVXFKDV
LWLVWRWKHOLEHUDOLW\RIWKHLOOXVWULRXV$OEDQHVHFKLHI
%XWORRNH[FODLPHG0DGDPH'DQJODUV
:KHUH"VWDPPHUHG0RUFHUI
7KHUHVDLG0RQWH&ULVWRSODFLQJKLVDUPVDURXQGWKH
FRXQWDQGOHDQLQJZLWKKLPRYHUWKHIURQWRIWKHER[MXVW
DV+DLGHHZKRVHH\HVZHUHRFFXSLHGLQH[DPLQLQJWKHWKHDWUH
LQVHDUFKRIKHUJXDUGLDQSHUFHLYHGKLVSDOHIHDWXUHVFORVH
WR0RUFHUI
VIDFH,WZDVDVLIWKH\RXQJJLUOEHKHOGWKH
KHDGRI0HGXVD6KHEHQWIRUZDUGVDVWKRXJKWRDVVXUH
KHUVHOIRIWKHUHDOLW\RIZKDWVKHVDZWKHQXWWHULQJD
IDLQWFU\WKUHZKHUVHOIEDFNLQKHUVHDW7KHVRXQGZDV
KHDUGE\WKHSHRSOHDERXW$OLZKRLQVWDQWO\RSHQHGWKH
ER[GRRU:K\FRXQWH[FODLPHG(XJHQLHZKDWKDV
KDSSHQHGWR\RXUZDUG"VKHVHHPVWRKDYHEHHQWDNHQVXGGHQO\
LOO
9HU\SUREDEO\DQVZHUHGWKHFRXQW%XWGRQRWEHDODUPHG
RQKHUDFFRXQW+DLGHH
VQHUYRXVV\VWHPLVGHOLFDWHO\
RUJDQL]HGDQGVKHLVSHFXOLDUO\VXVFHSWLEOHWRWKHRGRUV
HYHQRIIORZHUVQD\WKHUHDUHVRPHZKLFKFDXVHKHUWR
IDLQWLIEURXJKWLQWRKHUSUHVHQFH+RZHYHUFRQWLQXHG
0RQWH&ULVWRGUDZLQJDVPDOOSKLDOIURPKLVSRFNHW,KDYH
DQLQIDOOLEOHUHPHG\6RVD\LQJKHERZHGWRWKHEDURQHVV
DQGKHUGDXJKWHUH[FKDQJHGDSDUWLQJVKDNHRIWKHKDQGZLWK
'HEUD\DQGWKHFRXQWDQGOHIW0DGDPH'DQJODUV
ER[8SRQ
KLVUHWXUQWR+DLGHHKHIRXQGKHUVWLOOYHU\SDOH$VVRRQ
DVVKHVDZKLPVKHVHL]HGKLVKDQGKHURZQKDQGVZHUHPRLVW
DQGLF\FROG:KRZDVLW\RXZHUHWDONLQJZLWKRYHUWKHUH"
VKHDVNHG

690

:LWKWKH&RXQWRI0RUFHUIDQVZHUHG0RQWH&ULVWR+H
WHOOVPHKHVHUYHG\RXULOOXVWULRXVIDWKHUDQGWKDWKHRZHV
KLVIRUWXQHWRKLP
:UHWFKH[FODLPHG+DLGHHKHUH\HVIODVKLQJZLWKUDJHKH
VROGP\IDWKHUWRWKH7XUNVDQGWKHIRUWXQHKHERDVWVRI
ZDVWKHSULFHRIKLVWUHDFKHU\'LGQRW\RXNQRZWKDWP\
GHDUORUG"
6RPHWKLQJRIWKLV,KHDUGLQ(SLUXVVDLG0RQWH&ULVWR
EXWWKHSDUWLFXODUVDUHVWLOOXQNQRZQWRPH<RXVKDOO
UHODWHWKHPWRPHP\FKLOG7KH\DUHQRGRXEWERWK
FXULRXVDQGLQWHUHVWLQJ
<HV\HVEXWOHWXVJR,IHHODVWKRXJKLWZRXOGNLOOPH
WRUHPDLQORQJQHDUWKDWGUHDGIXOPDQ6RVD\LQJ+DLGHH
DURVHDQGZUDSSLQJKHUVHOILQKHUEXUQRRVHRIZKLWH
FDVKPLUHHPEURLGHUHGZLWKSHDUOVDQGFRUDOVKHKDVWLO\
TXLWWHGWKHER[DWWKHPRPHQWZKHQWKHFXUWDLQZDVULVLQJ
XSRQWKHIRXUWKDFW
'R\RXREVHUYHVDLGWKH&RXQWHVV*WR$OEHUWZKR
KDGUHWXUQHGWRKHUVLGHWKDWPDQGRHVQRWKLQJOLNHRWKHU
SHRSOHKHOLVWHQVPRVWGHYRXWO\WRWKHWKLUGDFWRIC5REHUW
OH'LDEOH
DQGZKHQWKHIRXUWKEHJLQVWDNHVKLV
GHSDUWXUH

&KDSWHU
$)OXUU\LQ6WRFNV
6RPHGD\VDIWHUWKLVPHHWLQJ$OEHUWGH0RUFHUIYLVLWHGWKH
&RXQWRI0RQWH&ULVWRDWKLVKRXVHLQWKH&KDPSV(O\VHHV
ZKLFKKDGDOUHDG\DVVXPHGWKDWSDODFHOLNHDSSHDUDQFHZKLFK
WKHFRXQW
VSULQFHO\IRUWXQHHQDEOHGKLPWRJLYHHYHQWRKLV
PRVWWHPSRUDU\UHVLGHQFHV+HFDPHWRUHQHZWKHWKDQNVRI
0DGDPH'DQJODUVZKLFKKDGEHHQDOUHDG\FRQYH\HGWRWKHFRXQW
WKURXJKWKHPHGLXPRIDOHWWHUVLJQHG%DURQQH'DQJODUV
QHH+HUPLQHGH6HUYLHX[$OEHUWZDVDFFRPSDQLHGE\/XFLHQ
'HEUD\ZKRMRLQLQJLQKLVIULHQG
VFRQYHUVDWLRQDGGHG
VRPHSDVVLQJFRPSOLPHQWVWKHVRXUFHRIZKLFKWKHFRXQW
V
WDOHQWIRUILQHVVHHDVLO\HQDEOHGKLPWRJXHVV+HZDV

691

FRQYLQFHGWKDW/XFLHQ
VYLVLWZDVGXHWRDGRXEOHIHHOLQJRI
FXULRVLW\WKHODUJHUKDOIRIZKLFKVHQWLPHQWHPDQDWHGIURP
WKH5XHGHOD&KDXVVHHG
$QWLQ,QVKRUW0DGDPH'DQJODUV
QRWEHLQJDEOHSHUVRQDOO\WRH[DPLQHLQGHWDLOWKHGRPHVWLF
HFRQRP\DQGKRXVHKROGDUUDQJHPHQWVRIDPDQZKRJDYHDZD\
KRUVHVZRUWKIUDQFVDQGZKRZHQWWRWKHRSHUDZLWKD
*UHHNVODYHZHDULQJGLDPRQGVWRWKHDPRXQWRIDPLOOLRQRI
PRQH\KDGGHSXWHGWKRVHH\HVE\ZKLFKVKHZDVDFFXVWRPHG
WRVHHWRJLYHKHUDIDLWKIXODFFRXQWRIWKHPRGHRIOLIH
RIWKLVLQFRPSUHKHQVLEOHSHUVRQ%XWWKHFRXQWGLGQRW
DSSHDUWRVXVSHFWWKDWWKHUHFRXOGEHWKHVOLJKWHVW
FRQQHFWLRQEHWZHHQ/XFLHQ
VYLVLWDQGWKHFXULRVLW\RIWKH
EDURQHVV
<RXDUHLQFRQVWDQWFRPPXQLFDWLRQZLWKWKH%DURQ'DQJODUV"
WKHFRXQWLQTXLUHGRI$OEHUWGH0RUFHUI
<HVFRXQW\RXNQRZZKDW,WROG\RX"
$OOUHPDLQVWKHVDPHWKHQLQWKDWTXDUWHU"
,WLVPRUHWKDQHYHUDVHWWOHGWKLQJVDLG/XFLHQDQG
FRQVLGHULQJWKDWWKLVUHPDUNZDVDOOWKDWKHZDVDWWKDW
WLPHFDOOHGXSRQWRPDNHKHDGMXVWHGWKHJODVVWRKLVH\H
DQGELWLQJWKHWRSRIKLVJROGKHDGHGFDQHEHJDQWRPDNH
WKHWRXURIWKHDSDUWPHQWH[DPLQLQJWKHDUPVDQGWKH
SLFWXUHV
$KVDLG0RQWH&ULVWR,GLGQRWH[SHFWWKDWWKHDIIDLU
ZRXOGEHVRSURPSWO\FRQFOXGHG
2KWKLQJVWDNHWKHLUFRXUVHZLWKRXWRXUDVVLVWDQFH:KLOH
ZHDUHIRUJHWWLQJWKHPWKH\DUHIDOOLQJLQWRWKHLU
DSSRLQWHGRUGHUDQGZKHQDJDLQRXUDWWHQWLRQLVGLUHFWHG
WRWKHPZHDUHVXUSULVHGDWWKHSURJUHVVWKH\KDYHPDGH
WRZDUGVWKHSURSRVHGHQG0\IDWKHUDQG0'DQJODUVVHUYHG
WRJHWKHULQ6SDLQP\IDWKHULQWKHDUP\DQG0'DQJODUVLQ
WKHFRPPLVVDULDWGHSDUWPHQW,WZDVWKHUHWKDWP\IDWKHU
UXLQHGE\WKHUHYROXWLRQDQG0'DQJODUVZKRQHYHUKDG
SRVVHVVHGDQ\SDWULPRQ\ERWKODLGWKHIRXQGDWLRQVRIWKHLU
GLIIHUHQWIRUWXQHV
<HVVDLG0RQWH&ULVWR,WKLQN0'DQJODUVPHQWLRQHGWKDW
LQDYLVLWZKLFK,SDLGKLPDQGFRQWLQXHGKHFDVWLQJD

692

VLGHJODQFHDW/XFLHQZKRZDVWXUQLQJRYHUWKHOHDYHVRIDQ
DOEXP0DGHPRLVHOOH(XJHQLHLVSUHWW\,WKLQN,UHPHPEHU
WKDWWREHKHUQDPH
9HU\SUHWW\RUUDWKHUYHU\EHDXWLIXOUHSOLHG$OEHUW
EXWRIWKDWVW\OHRIEHDXW\ZKLFK,GRQRWDSSUHFLDWH,DP
DQXQJUDWHIXOIHOORZ
<RXVSHDNDVLI\RXZHUHDOUHDG\KHUKXVEDQG
$KUHWXUQHG$OEHUWLQKLVWXUQORRNLQJDURXQGWRVHH
ZKDW/XFLHQZDVGRLQJ
5HDOO\VDLG0RQWH&ULVWRORZHULQJKLVYRLFH\RXGRQRW
DSSHDUWRPHWREHYHU\HQWKXVLDVWLFRQWKHVXEMHFWRIWKLV
PDUULDJH
0DGHPRLVHOOH'DQJODUVLVWRRULFKIRUPHUHSOLHG0RUFHUI
DQGWKDWIULJKWHQVPH
%DKH[FODLPHG0RQWH&ULVWRWKDW
VDILQHUHDVRQWR
JLYH$UH\RXQRWULFK\RXUVHOI"
0\IDWKHU
VLQFRPHLVDERXWIUDQFVSHUDQQXPDQGKH
ZLOOJLYHPHSHUKDSVWHQRUWZHOYHWKRXVDQGZKHQ,PDUU\
7KDWSHUKDSVPLJKWQRWEHFRQVLGHUHGDODUJHVXPLQ
3DULVHVSHFLDOO\VDLGWKHFRXQWEXWHYHU\WKLQJGRHVQRW
GHSHQGRQZHDOWKDQGLWLVDILQHWKLQJWRKDYHDJRRG
QDPHDQGWRRFFXS\DKLJKVWDWLRQLQVRFLHW\<RXUQDPHLV
FHOHEUDWHG\RXUSRVLWLRQPDJQLILFHQWDQGWKHQWKH&RPWHGH
0RUFHUILVDVROGLHUDQGLWLVSOHDVLQJWRVHHWKH
LQWHJULW\RID%D\DUGXQLWHGWRWKHSRYHUW\RID'XJXHVFOLQ
GLVLQWHUHVWHGQHVVLVWKHEULJKWHVWUD\LQZKLFKDQREOH
VZRUGFDQVKLQH$VIRUPH,FRQVLGHUWKHXQLRQZLWK
0DGHPRLVHOOH'DQJODUVDPRVWVXLWDEOHRQHVKHZLOOHQULFK
\RXDQG\RXZLOOHQQREOHKHU$OEHUWVKRRNKLVKHDGDQG
ORRNHGWKRXJKWIXO7KHUHLVVWLOOVRPHWKLQJHOVHVDLGKH
,FRQIHVVREVHUYHG0RQWH&ULVWRWKDW,KDYHVRPH
GLIILFXOW\LQFRPSUHKHQGLQJ\RXUREMHFWLRQWRD\RXQJODG\
ZKRLVERWKULFKDQGEHDXWLIXO
2KVDLG0RUFHUIWKLVUHSXJQDQFHLIUHSXJQDQFHLWPD\

693

EHFDOOHGLVQRWDOORQP\VLGH
:KHQFHFDQLWDULVHWKHQ"IRU\RXWROGPH\RXUIDWKHU
GHVLUHGWKHPDUULDJH
,WLVP\PRWKHUZKRGLVVHQWVVKHKDVDFOHDUDQG
SHQHWUDWLQJMXGJPHQWDQGGRHVQRWVPLOHRQWKHSURSRVHG
XQLRQ,FDQQRWDFFRXQWIRULWEXWVKHVHHPVWRHQWHUWDLQ
VRPHSUHMXGLFHDJDLQVWWKH'DQJODUV
$KVDLGWKHFRXQWLQDVRPHZKDWIRUFHGWRQHWKDWPD\
EHHDVLO\H[SODLQHGWKH&RPWHVVHGH0RUFHUIZKRLV
DULVWRFUDF\DQGUHILQHPHQWLWVHOIGRHVQRWUHOLVKWKHLGHD
RIEHLQJDOOLHGE\\RXUPDUULDJHZLWKRQHRILJQREOHELUWK
WKDWLVQDWXUDOHQRXJK
,GRQRWNQRZLIWKDWLVKHUUHDVRQVDLG$OEHUWEXWRQH
WKLQJ,GRNQRZWKDWLIWKLVPDUULDJHEHFRQVXPPDWHGLW
ZLOOUHQGHUKHUTXLWHPLVHUDEOH7KHUHZDVWRKDYHEHHQD
PHHWLQJVL[ZHHNVDJRLQRUGHUWRWDONRYHUDQGVHWWOHWKH
DIIDLUEXW,KDGVXFKDVXGGHQDWWDFNRILQGLVSRVLWLRQ
5HDO"LQWHUUXSWHGWKHFRXQWVPLOLQJ
2KUHDOHQRXJKIURPDQ[LHW\GRXEWOHVVDWDQ\UDWH
WKH\SRVWSRQHGWKHPDWWHUIRUWZRPRQWKV7KHUHLVQRKXUU\
\RXNQRZ,DPQRW\HWWZHQW\RQHDQG(XJHQLHLVRQO\
VHYHQWHHQEXWWKHWZRPRQWKVH[SLUHQH[WZHHN,WPXVWEH
GRQH0\GHDUFRXQW\RXFDQQRWLPDJLQHQRZP\PLQGLV
KDUDVVHG+RZKDSS\\RXDUHLQEHLQJH[HPSWIURPDOOWKLV
:HOODQGZK\VKRXOGQRW\RXEHIUHHWRR":KDWSUHYHQWV
\RXIURPEHLQJVR"
2KLWZLOOEHWRRJUHDWDGLVDSSRLQWPHQWWRP\IDWKHULI,
GRQRWPDUU\0DGHPRLVHOOH'DQJODUV
0DUU\KHUWKHQVDLGWKHFRXQWZLWKDVLJQLILFDQWVKUXJ
RIWKHVKRXOGHUV
<HVUHSOLHG0RUFHUIEXWWKDWZLOOSOXQJHP\PRWKHULQWR
SRVLWLYHJULHI
7KHQGRQRWPDUU\KHUVDLGWKHFRXQW

694

:HOO,VKDOOVHH,ZLOOWU\DQGWKLQNRYHUZKDWLVWKH
EHVWWKLQJWREHGRQH\RXZLOOJLYHPH\RXUDGYLFHZLOO
\RXQRWDQGLISRVVLEOHH[WULFDWHPHIURPP\XQSOHDVDQW
SRVLWLRQ",WKLQNUDWKHUWKDQJLYHSDLQWRP\GHDUPRWKHU
,ZRXOGUXQWKHULVNRIRIIHQGLQJWKHFRXQW0RQWH&ULVWR
WXUQHGDZD\KHVHHPHGPRYHGE\WKLVODVWUHPDUN$KVDLG
KHWR'HEUD\ZKRKDGWKURZQKLPVHOILQWRDQHDV\FKDLUDW
WKHIDUWKHVWH[WUHPLW\RIWKHVDORQDQGZKRKHOGDSHQFLO
LQKLVULJKWKDQGDQGDQDFFRXQWERRNLQKLVOHIWZKDWDUH
\RXGRLQJWKHUH"$UH\RXPDNLQJDVNHWFKDIWHU3RXVVLQ"
2KQRZDVWKHWUDQTXLOUHVSRQVH,DPWRRIRQGRIDUW
WRDWWHPSWDQ\WKLQJRIWKDWVRUW,DPGRLQJDOLWWOHVXPLQ
DULWKPHWLF
,QDULWKPHWLF"
<HV,DPFDOFXODWLQJE\WKHZD\0RUFHUIWKDW
LQGLUHFWO\FRQFHUQV\RX,DPFDOFXODWLQJZKDWWKHKRXVH
RI'DQJODUVPXVWKDYHJDLQHGE\WKHODVWULVHLQ+DLWL
ERQGVIURPWKH\KDYHULVHQWRLQWKUHHGD\VDQG
WKHSUXGHQWEDQNHUKDGSXUFKDVHGDWWKHUHIRUHKHPXVW
KDYHPDGHOLYUHV
7KDWLVQRWKLVELJJHVWVFRRSVDLG0RUFHUIGLGKHQRW
PDNHDPLOOLRQLQ6SDQLDUGVWKLVODVW\HDU"
0\GHDUIHOORZVDLG/XFLHQKHUHLVWKH&RXQWRI0RQWH
&ULVWRZKRZLOOVD\WR\RXDVWKH,WDOLDQVGR
C'DQDURHVDQWLWD
0HWDGHOODPHWD

0RQH\DQGVDQFWLW\
(DFKLQDPRLHW\
:KHQWKH\WHOOPHVXFKWKLQJV,RQO\VKUXJP\VKRXOGHUV
DQGVD\QRWKLQJ
%XW\RXZHUHVSHDNLQJRI+DLWLDQV"VDLG0RQWH&ULVWR
$K+DLWLDQVWKDWLVTXLWHDQRWKHUWKLQJ+DLWLDQVDUH
WKHHFDUWHRI)UHQFKVWRFNMREELQJ:HPD\OLNHERXLOORWWH

695

GHOLJKWLQZKLVWEHHQUDSWXUHGZLWKERVWRQDQG\HWJURZ
WLUHGRIWKHPDOOEXWZHDOZD\VFRPHEDFNWRHFDUWHLW
LVQRWRQO\DJDPHLWLVDKRUVG
RHXYUH0'DQJODUVVROG
\HVWHUGD\DWDQGSRFNHWVIUDQFV+DGKHEXW
ZDLWHGWLOOWRGD\WKHSULFHZRXOGKDYHIDOOHQWRDQG
LQVWHDGRIJDLQLQJIUDQFVKHZRXOGKDYHORVWRU

$QGZKDWKDVFDXVHGWKHVXGGHQIDOOIURPWR"DVNHG
0RQWH&ULVWR,DPSURIRXQGO\LJQRUDQWRIDOOWKHVH
VWRFNMREELQJLQWULJXHV
%HFDXVHVDLG$OEHUWODXJKLQJRQHSLHFHRIQHZVIROORZV
DQRWKHUDQGWKHUHLVRIWHQJUHDWGLVVLPLODULW\EHWZHHQ
WKHP
$KVDLGWKHFRXQW,VHHWKDW0'DQJODUVLVDFFXVWRPHG
WRSOD\DWJDLQLQJRUORVLQJIUDQFVLQDGD\KH
PXVWEHHQRUPRXVO\ULFK
,WLVQRWKHZKRSOD\VH[FODLPHG/XFLHQLWLV0DGDPH
'DQJODUVVKHLVLQGHHGGDULQJ
%XW\RXZKRDUHDUHDVRQDEOHEHLQJ/XFLHQDQGZKRNQRZ
KRZOLWWOHGHSHQGHQFHLVWREHSODFHGRQWKHQHZVVLQFH\RX
DUHDWWKHIRXQWDLQKHDGVXUHO\\RXRXJKWWRSUHYHQWLW
VDLG0RUFHUIZLWKDVPLOH
+RZFDQ,LIKHUKXVEDQGIDLOVLQFRQWUROOLQJKHU"DVNHG
/XFLHQ\RXNQRZWKHFKDUDFWHURIWKHEDURQHVVQRRQH
KDVDQ\LQIOXHQFHZLWKKHUDQGVKHGRHVSUHFLVHO\ZKDWVKH
SOHDVHV
$KLI,ZHUHLQ\RXUSODFHVDLG$OEHUW
:HOO"
,ZRXOGUHIRUPKHULWZRXOGEHUHQGHULQJDVHUYLFHWRKHU
IXWXUHVRQLQODZ
+RZZRXOG\RXVHWDERXWLW"
$KWKDWZRXOGEHHDV\HQRXJK,ZRXOGJLYHKHUD
OHVVRQ

696

$OHVVRQ"
<HV<RXUSRVLWLRQDVVHFUHWDU\WRWKHPLQLVWHUUHQGHUV
\RXUDXWKRULW\JUHDWRQWKHVXEMHFWRISROLWLFDOQHZV\RX
QHYHURSHQ\RXUPRXWKEXWWKHVWRFNEURNHUVLPPHGLDWHO\
VWHQRJUDSK\RXUZRUGV&DXVHKHUWRORVHDKXQGUHGWKRXVDQG
IUDQFVDQGWKDWZRXOGWHDFKKHUSUXGHQFH
,GRQRWXQGHUVWDQGVWDPPHUHG/XFLHQ
,WLVYHU\FOHDUQRWZLWKVWDQGLQJUHSOLHGWKH\RXQJPDQ
ZLWKDQDUWOHVVQHVVZKROO\IUHHIURPDIIHFWDWLRQWHOOKHU
VRPHILQHPRUQLQJDQXQKHDUGRISLHFHRILQWHOOLJHQFH
VRPHWHOHJUDSKLFGHVSDWFKRIZKLFK\RXDORQHDUHLQ
SRVVHVVLRQIRULQVWDQFHWKDW+HQUL,9ZDVVHHQ\HVWHUGD\
DW*DEULHOOH
V7KDWZRXOGERRPWKHPDUNHWVKHZLOOEX\
KHDYLO\DQGVKHZLOOFHUWDLQO\ORVHZKHQ%HDXFKDPS
DQQRXQFHVWKHIROORZLQJGD\LQKLVJD]HWWHC7KHUHSRUW
FLUFXODWHGE\VRPHXVXDOO\ZHOOLQIRUPHGSHUVRQVWKDWWKH
NLQJZDVVHHQ\HVWHUGD\DW*DEULHOOH
VKRXVHLVWRWDOO\
ZLWKRXWIRXQGDWLRQ:HFDQSRVLWLYHO\DVVHUWWKDWKLV
PDMHVW\GLGQRWTXLWWKH3RQW1HXI
/XFLHQKDOIVPLOHG
0RQWH&ULVWRDOWKRXJKDSSDUHQWO\LQGLIIHUHQWKDGQRWORVW
RQHZRUGRIWKLVFRQYHUVDWLRQDQGKLVSHQHWUDWLQJH\HKDG
HYHQUHDGDKLGGHQVHFUHWLQWKHHPEDUUDVVHGPDQQHURIWKH
VHFUHWDU\7KLVHPEDUUDVVPHQWKDGFRPSOHWHO\HVFDSHG$OEHUW
EXWLWFDXVHG/XFLHQWRVKRUWHQKLVYLVLWKHZDVHYLGHQWO\
LOODWHDVH7KHFRXQWLQWDNLQJOHDYHRIKLPVDLG
VRPHWKLQJLQDORZYRLFHWRZKLFKKHDQVZHUHG:LOOLQJO\
FRXQW,DFFHSW7KHFRXQWUHWXUQHGWR\RXQJ0RUFHUI
'R\RXQRWWKLQNRQUHIOHFWLRQVDLGKHWRKLPWKDW\RX
KDYHGRQHZURQJLQWKXVVSHDNLQJRI\RXUPRWKHULQODZLQ
WKHSUHVHQFHRI0'HEUD\"
0\GHDUFRXQWVDLG0RUFHUI,EHJRI\RXQRWWRDSSO\
WKDWWLWOHVRSUHPDWXUHO\
1RZVSHDNLQJZLWKRXWDQ\H[DJJHUDWLRQLV\RXUPRWKHU
UHDOO\VRYHU\PXFKDYHUVHWRWKLVPDUULDJH"
6RPXFKVRWKDWWKHEDURQHVVYHU\UDUHO\FRPHVWRWKH
KRXVHDQGP\PRWKHUKDVQRW,WKLQNYLVLWHG0DGDPH

697

'DQJODUVWZLFHLQKHUZKROHOLIH
7KHQVDLGWKHFRXQW,DPHPEROGHQHGWRVSHDNRSHQO\WR
\RX0'DQJODUVLVP\EDQNHU0GH9LOOHIRUWKDV
RYHUZKHOPHGPHZLWKSROLWHQHVVLQUHWXUQIRUDVHUYLFHZKLFK
DFDVXDOSLHFHRIJRRGIRUWXQHHQDEOHGPHWRUHQGHUKLP,
SUHGLFWIURPDOOWKLVDQDYDODQFKHRIGLQQHUVDQGURXWV
1RZLQRUGHUQRWWRSUHVXPHRQWKLVDQGDOVRWREH
EHIRUHKDQGZLWKWKHP,KDYHLIDJUHHDEOHWR\RXWKRXJKW
RILQYLWLQJ0DQG0DGDPH'DQJODUVDQG0DQG0DGDPHGH
9LOOHIRUWWRP\FRXQWU\KRXVHDW$XWHXLO,I,ZHUHWR
LQYLWH\RXDQGWKH&RXQWDQG&RXQWHVVRI0RUFHUIWRWKLV
GLQQHU,VKRXOGJLYHLWWKHDSSHDUDQFHRIEHLQJD
PDWULPRQLDOPHHWLQJRUDWOHDVW0DGDPHGH0RUFHUIZRXOG
ORRNXSRQWKHDIIDLULQWKDWOLJKWHVSHFLDOO\LI%DURQ
'DQJODUVGLGPHWKHKRQRUWREULQJKLVGDXJKWHU,QWKDW
FDVH\RXUPRWKHUZRXOGKROGPHLQDYHUVLRQDQG,GRQRWDW
DOOZLVKWKDWRQWKHFRQWUDU\,GHVLUHWRVWDQGKLJKLQ
KHUHVWHHP
,QGHHGFRXQWVDLG0RUFHUI,WKDQN\RXVLQFHUHO\IRU
KDYLQJXVHGVRPXFKFDQGRUWRZDUGVPHDQG,JUDWHIXOO\
DFFHSWWKHH[FOXVLRQZKLFK\RXSURSRVH<RXVD\\RXGHVLUH
P\PRWKHU
VJRRGRSLQLRQ,DVVXUH\RXLWLVDOUHDG\\RXUV
WRDYHU\XQXVXDOH[WHQW
'R\RXWKLQNVR"VDLG0RQWH&ULVWRZLWKLQWHUHVW
2K,DPVXUHRILWZHWDONHGRI\RXDQKRXUDIWHU\RX
OHIWXVWKHRWKHUGD\%XWWRUHWXUQWRZKDWZHZHUHVD\LQJ
,IP\PRWKHUFRXOGNQRZRIWKLVDWWHQWLRQRQ\RXUSDUW
DQG,ZLOOYHQWXUHWRWHOOKHU,DPVXUHWKDWVKHZLOOEH
PRVWJUDWHIXOWR\RXLWLVWUXHWKDWP\IDWKHUZLOOEH
HTXDOO\DQJU\7KHFRXQWODXJKHG:HOOVDLGKHWR
0RUFHUIEXW,WKLQN\RXUIDWKHUZLOOQRWEHWKHRQO\DQJU\
RQH0DQG0DGDPH'DQJODUVZLOOWKLQNPHDYHU\
LOOPDQQHUHGSHUVRQ7KH\NQRZWKDW,DPLQWLPDWHZLWK\RX
WKDW\RXDUHLQIDFWRQHRIWKHROGHVWRIP\3DULVLDQ
DFTXDLQWDQFHVDQGWKH\ZLOOQRWILQG\RXDWP\KRXVH
WKH\ZLOOFHUWDLQO\DVNPHZK\,GLGQRWLQYLWH\RX%HVXUH
WRSURYLGH\RXUVHOIZLWKVRPHSUHYLRXVHQJDJHPHQWZKLFK
VKDOOKDYHDVHPEODQFHRISUREDELOLW\DQGFRPPXQLFDWHWKH
IDFWWRPHE\DOLQHLQZULWLQJ<RXNQRZWKDWZLWKEDQNHUV
QRWKLQJEXWDZULWWHQGRFXPHQWZLOOEHYDOLG

698

,ZLOOGREHWWHUWKDQWKDWVDLG$OEHUWP\PRWKHULV
ZLVKLQJWRJRWRWKHVHDVLGHZKDWGD\LVIL[HGIRU\RXU
GLQQHU"
6DWXUGD\
7KLVLV7XHVGD\ZHOOWRPRUURZHYHQLQJZHOHDYHDQG
WKHGD\DIWHUZHVKDOOEHDW7UHSRUW5HDOO\FRXQW\RX
KDYHDGHOLJKWIXOZD\RIVHWWLQJSHRSOHDWWKHLUHDVH
,QGHHG\RXJLYHPHPRUHFUHGLWWKDQ,GHVHUYH,RQO\ZLVK
WRGRZKDWZLOOEHDJUHHDEOHWR\RXWKDWLVDOO
:KHQVKDOO\RXVHQG\RXULQYLWDWLRQV"
7KLVYHU\GD\
:HOO,ZLOOLPPHGLDWHO\FDOORQ0'DQJODUVDQGWHOOKLP
WKDWP\PRWKHUDQGP\VHOIPXVWOHDYH3DULVWRPRUURZ,KDYH
QRWVHHQ\RXFRQVHTXHQWO\,NQRZQRWKLQJRI\RXUGLQQHU
+RZIRROLVK\RXDUH+DYH\RXIRUJRWWHQWKDW0'HEUD\KDV
MXVWVHHQ\RXDWP\KRXVH"
$KWUXH
)L[LWWKLVZD\,KDYHVHHQ\RXDQGLQYLWHG\RXZLWKRXW
DQ\FHUHPRQ\ZKHQ\RXLQVWDQWO\DQVZHUHGWKDWLWZRXOGEH
LPSRVVLEOHIRU\RXWRDFFHSWDV\RXZHUHJRLQJWR7UHSRUW
:HOOWKHQWKDWLVVHWWOHGEXW\RXZLOOFRPHDQGFDOORQ
P\PRWKHUEHIRUHWRPRUURZ"
%HIRUHWRPRUURZ"WKDWZLOOEHDGLIILFXOWPDWWHUWR
DUUDQJHEHVLGHV,VKDOOMXVWEHLQWKHZD\RIDOOWKH
SUHSDUDWLRQVIRUGHSDUWXUH
:HOO\RXFDQGREHWWHU<RXZHUHRQO\DFKDUPLQJPDQ
EHIRUHEXWLI\RXDFFHGHWRP\SURSRVDO\RXZLOOEH
DGRUDEOH
:KDWPXVW,GRWRDWWDLQVXFKVXEOLPLW\"

699

<RXDUHWRGD\IUHHDVDLUFRPHDQGGLQHZLWKPHZH
VKDOOEHDVPDOOSDUW\RQO\\RXUVHOIP\PRWKHUDQG,
<RXKDYHVFDUFHO\VHHQP\PRWKHU\RXVKDOOKDYHDQ
RSSRUWXQLW\RIREVHUYLQJKHUPRUHFORVHO\6KHLVD
UHPDUNDEOHZRPDQDQG,RQO\UHJUHWWKDWWKHUHGRHVQRW
H[LVWDQRWKHUOLNHKHUDERXWWZHQW\\HDUV\RXQJHULQWKDW
FDVH,DVVXUH\RXWKHUHZRXOGYHU\VRRQEHD&RXQWHVVDQG
9LVFRXQWHVVRI0RUFHUI$VWRP\IDWKHU\RXZLOOQRWVHH
KLPKHLVRIILFLDOO\HQJDJHGDQGGLQHVZLWKWKHFKLHI
UHIHUHQGDU\:HZLOOWDONRYHURXUWUDYHOVDQG\RXZKR
KDYHVHHQWKHZKROHZRUOGZLOOUHODWH\RXUDGYHQWXUHV
\RXVKDOOWHOOXVWKHKLVWRU\RIWKHEHDXWLIXO*UHHNZKRZDV
ZLWK\RXWKHRWKHUQLJKWDWWKH2SHUDDQGZKRP\RXFDOO
\RXUVODYHDQG\HWWUHDWOLNHDSULQFHVV:HZLOOWDON
,WDOLDQDQG6SDQLVK&RPHDFFHSWP\LQYLWDWLRQDQGP\
PRWKHUZLOOWKDQN\RX
$WKRXVDQGWKDQNVVDLGWKHFRXQW\RXULQYLWDWLRQLV
PRVWJUDFLRXVDQG,UHJUHWH[FHHGLQJO\WKDWLWLVQRWLQP\
SRZHUWRDFFHSWLW,DPQRWVRPXFKDWOLEHUW\DV\RX
VXSSRVHRQWKHFRQWUDU\,KDYHDPRVWLPSRUWDQW
HQJDJHPHQW
$KWDNHFDUH\RXZHUHWHDFKLQJPHMXVWQRZKRZLQFDVH
RIDQLQYLWDWLRQWRGLQQHURQHPLJKWFUHGLWDEO\PDNHDQ
H[FXVH,UHTXLUHWKHSURRIRIDSUHHQJDJHPHQW,DPQRWD
EDQNHUOLNH0'DQJODUVEXW,DPTXLWHDVLQFUHGXORXVDV
KHLV
,DPJRLQJWRJLYH\RXDSURRIUHSOLHGWKHFRXQWDQGKH
UDQJWKHEHOO
+XPSKVDLG0RUFHUIWKLVLVWKHVHFRQGWLPH\RXKDYH
UHIXVHGWRGLQHZLWKP\PRWKHULWLVHYLGHQWWKDW\RXZLVK
WRDYRLGKHU0RQWH&ULVWRVWDUWHG2K\RXGRQRWPHDQ
WKDWVDLGKHEHVLGHVKHUHFRPHVWKHFRQILUPDWLRQRIP\
DVVHUWLRQ%DSWLVWLQHQWHUHGDQGUHPDLQHGVWDQGLQJDWWKH
GRRU,KDGQRSUHYLRXVNQRZOHGJHRI\RXUYLVLWKDG,"
,QGHHG\RXDUHVXFKDQH[WUDRUGLQDU\SHUVRQWKDW,ZRXOG
QRWDQVZHUIRULW
$WDOOHYHQWV,FRXOGQRWJXHVVWKDW\RXZRXOGLQYLWHPH
WRGLQQHU

700

3UREDEO\QRW
:HOOOLVWHQ%DSWLVWLQZKDWGLG,WHOO\RXWKLVPRUQLQJ
ZKHQ,FDOOHG\RXLQWRP\ODERUDWRU\"
7RFORVHWKHGRRUDJDLQVWYLVLWRUVDVVRRQDVWKHFORFN
VWUXFNILYHUHSOLHGWKHYDOHW
:KDWWKHQ"
$KP\GHDUFRXQWVDLG$OEHUW
1RQR,ZLVKWRGRDZD\ZLWKWKDWP\VWHULRXVUHSXWDWLRQ
WKDW\RXKDYHJLYHQPHP\GHDUYLVFRXQWLWLVWLUHVRPHWR
EHDOZD\VDFWLQJ0DQIUHG,ZLVKP\OLIHWREHIUHHDQG
RSHQ*RRQ%DSWLVWLQ
7KHQWRDGPLWQRRQHH[FHSW0DMRU%DUWRORPHR&DYDOFDQWLDQG
KLVVRQ
<RXKHDU0DMRU%DUWRORPHR&DYDOFDQWLDPDQZKRUDQNV
DPRQJVWWKHPRVWDQFLHQWQRELOLW\RI,WDO\ZKRVHQDPH'DQWH
KDVFHOHEUDWHGLQWKHWHQWKFDQWRRIC7KH,QIHUQR
\RX
UHPHPEHULWGR\RXQRW"7KHQWKHUHLVKLVVRQ$QGUHDD
FKDUPLQJ\RXQJPDQDERXW\RXURZQDJHYLVFRXQWEHDULQJ
WKHVDPHWLWOHDV\RXUVHOIDQGZKRLVPDNLQJKLVHQWU\LQWR
WKH3DULVLDQZRUOGDLGHGE\KLVIDWKHU
VPLOOLRQV7KH
PDMRUZLOOEULQJKLVVRQZLWKKLPWKLVHYHQLQJWKHFRQWLQR
DVZHVD\LQ,WDO\KHFRQILGHVKLPWRP\FDUH,IKHSURYHV
KLPVHOIZRUWK\RILW,ZLOOGRZKDW,FDQWRDGYDQFHKLV
LQWHUHVWV<RXZLOODVVLVWPHLQWKHZRUNZLOO\RXQRW"
0RVWXQGRXEWHGO\7KLV0DMRU&DYDOFDQWLLVDQROGIULHQGRI
\RXUVWKHQ"
%\QRPHDQV+HLVDSHUIHFWQREOHPDQYHU\SROLWHPRGHVW
DQGDJUHHDEOHVXFKDVPD\EHIRXQGFRQVWDQWO\LQ,WDO\
GHVFHQGDQWVRIYHU\DQFLHQWIDPLOLHV,KDYHPHWKLPVHYHUDO
WLPHVDW)ORUHQFH%RORJQDDQG/XFFDDQGKHKDVQRZ
FRPPXQLFDWHGWRPHWKHIDFWRIKLVDUULYDOLQ3DULV7KH
DFTXDLQWDQFHVRQHPDNHVLQWUDYHOOLQJKDYHDVRUWRIFODLP
RQRQHWKH\HYHU\ZKHUHH[SHFWWRUHFHLYHWKHVDPHDWWHQWLRQ
ZKLFK\RXRQFHSDLGWKHPE\FKDQFHDVWKRXJKWKHFLYLOLWLHV

701

RIDSDVVLQJKRXUZHUHOLNHO\WRDZDNHQDQ\ODVWLQJLQWHUHVW
LQIDYRURIWKHPDQLQZKRVHVRFLHW\\RXPD\KDSSHQWREH
WKURZQLQWKHFRXUVHRI\RXUMRXUQH\7KLVJRRG0DMRU
&DYDOFDQWLLVFRPHWRWDNHDVHFRQGYLHZRI3DULVZKLFKKH
RQO\VDZLQSDVVLQJWKURXJKLQWKHWLPHRIWKH(PSLUHZKHQ
KHZDVRQKLVZD\WR0RVFRZ,VKDOOJLYHKLPDJRRGGLQQHU
KHZLOOFRQILGHKLVVRQWRP\FDUH,ZLOOSURPLVHWRZDWFK
RYHUKLP,VKDOOOHWKLPIROORZLQZKDWHYHUSDWKKLVIROO\
PD\OHDGKLPDQGWKHQ,VKDOOKDYHGRQHP\SDUW
&HUWDLQO\,VHH\RXDUHDPRGHO0HQWRUVDLG$OEHUW
*RRGE\ZHVKDOOUHWXUQRQ6XQGD\%\WKHZD\,KDYH
UHFHLYHGQHZVRI)UDQ]
+DYH\RX",VKHVWLOODPXVLQJKLPVHOILQ,WDO\"
,EHOLHYHVRKRZHYHUKHUHJUHWV\RXUDEVHQFHH[WUHPHO\
+HVD\V\RXZHUHWKHVXQRI5RPHDQGWKDWZLWKRXW\RXDOO
DSSHDUVGDUNDQGFORXG\,GRQRWNQRZLIKHGRHVQRWHYHQ
JRVRIDUDVWRVD\WKDWLWUDLQV
+LVRSLQLRQRIPHLVDOWHUHGIRUWKHEHWWHUWKHQ"
1RKHVWLOOSHUVLVWVLQORRNLQJXSRQ\RXDVWKHPRVW
LQFRPSUHKHQVLEOHDQGP\VWHULRXVRIEHLQJV
+HLVDFKDUPLQJ\RXQJPDQVDLG0RQWH&ULVWRDQG,IHOW
DOLYHO\LQWHUHVWLQKLPWKHYHU\ILUVWHYHQLQJRIP\
LQWURGXFWLRQZKHQ,PHWKLPLQVHDUFKRIDVXSSHUDQG
SUHYDLOHGXSRQKLPWRDFFHSWDSRUWLRQRIPLQH+HLV,
WKLQNWKHVRQRI*HQHUDOG
(SLQD\"
+HLV
7KHVDPHZKRZDVVRVKDPHIXOO\DVVDVVLQDWHGLQ"
%\WKH%RQDSDUWLVWV
<HV5HDOO\,OLNHKLPH[WUHPHO\LVWKHUHQRWDOVRD
PDWULPRQLDOHQJDJHPHQWFRQWHPSODWHGIRUKLP"
<HVKHLVWRPDUU\0DGHPRLVHOOHGH9LOOHIRUW
,QGHHG"

702

$QG\RXNQRZ,DPWRPDUU\0DGHPRLVHOOH'DQJODUVVDLG
$OEHUWODXJKLQJ
<RXVPLOH
<HV
:K\GR\RXGRVR"
,VPLOHEHFDXVHWKHUHDSSHDUVWRPHWREHDERXWDVPXFK
LQFOLQDWLRQIRUWKHFRQVXPPDWLRQRIWKHHQJDJHPHQWLQ
TXHVWLRQDVWKHUHLVIRUP\RZQ%XWUHDOO\P\GHDUFRXQW
ZHDUHWDONLQJDVPXFKRIZRPHQDVWKH\GRRIXVLWLV
XQSDUGRQDEOH$OEHUWURVH
$UH\RXJRLQJ"
5HDOO\WKDWLVDJRRGLGHDWZRKRXUVKDYH,EHHQ
ERULQJ\RXWRGHDWKZLWKP\FRPSDQ\DQGWKHQ\RXZLWKWKH
JUHDWHVWSROLWHQHVVDVNPHLI,DPJRLQJ,QGHHGFRXQW
\RXDUHWKHPRVWSROLVKHGPDQLQWKHZRUOG$QG\RXU
VHUYDQWVWRRKRZYHU\ZHOOEHKDYHGWKH\DUHWKHUHLV
TXLWHDVW\OHDERXWWKHP0RQVLHXU%DSWLVWLQHVSHFLDOO\,
FRXOGQHYHUJHWVXFKDPDQDVWKDW0\VHUYDQWVVHHPWR
LPLWDWHWKRVH\RXVRPHWLPHVVHHLQDSOD\ZKREHFDXVHWKH\
KDYHRQO\DZRUGRUWZRWRVD\DTXLWWKHPVHOYHVLQWKHPRVW
DZNZDUGPDQQHUSRVVLEOH7KHUHIRUHLI\RXSDUWZLWK0
%DSWLVWLQJLYHPHWKHUHIXVDORIKLP
%\DOOPHDQV
7KDWLVQRWDOOJLYHP\FRPSOLPHQWVWR\RXULOOXVWULRXV
/XFFDQHVH&DYDOFDQWHRIWKH&DYDOFDQWLDQGLIE\DQ\
FKDQFHKHVKRXOGEHZLVKLQJWRHVWDEOLVKKLVVRQILQGKLPD
ZLIHYHU\ULFKYHU\QREOHRQKHUPRWKHU
VVLGHDWOHDVW
DQGDEDURQHVVLQULJKWRIKHUIDWKHU,ZLOOKHOS\RXLQ
WKHVHDUFK
$KKD\RXZLOOGRDVPXFKDVWKDWZLOO\RX"
<HV
:HOOUHDOO\QRWKLQJLVFHUWDLQLQWKLVZRUOG

703

2KFRXQWZKDWDVHUYLFH\RXPLJKWUHQGHUPH,VKRXOG
OLNH\RXDKXQGUHGWLPHVEHWWHULIE\\RXULQWHUYHQWLRQ,
FRXOGPDQDJHWRUHPDLQDEDFKHORUHYHQZHUHLWRQO\IRUWHQ
\HDUV
1RWKLQJLVLPSRVVLEOHJUDYHO\UHSOLHG0RQWH&ULVWRDQG
WDNLQJOHDYHRI$OEHUWKHUHWXUQHGLQWRWKHKRXVHDQG
VWUXFNWKHJRQJWKUHHWLPHV%HUWXFFLRDSSHDUHG0RQVLHXU
%HUWXFFLR\RXXQGHUVWDQGWKDW,LQWHQGHQWHUWDLQLQJFRPSDQ\
RQ6DWXUGD\DW$XWHXLO%HUWXFFLRVOLJKWO\VWDUWHG,
VKDOOUHTXLUH\RXUVHUYLFHVWRVHHWKDWDOOEHSURSHUO\
DUUDQJHG,WLVDEHDXWLIXOKRXVHRUDWDOOHYHQWVPD\EH
PDGHVR
7KHUHPXVWEHDJRRGGHDOGRQHEHIRUHLWFDQGHVHUYHWKDW
WLWOH\RXUH[FHOOHQF\IRUWKHWDSHVWULHGKDQJLQJVDUHYHU\
ROG
/HWWKHPDOOEHWDNHQDZD\DQGFKDQJHGWKHQZLWKWKH
H[FHSWLRQRIWKHVOHHSLQJFKDPEHUZKLFKLVKXQJZLWKUHG
GDPDVN\RXZLOOOHDYHWKDWH[DFWO\DVLWLV%HUWXFFLR
ERZHG<RXZLOOQRWWRXFKWKHJDUGHQHLWKHUDVWRWKH
\DUG\RXPD\GRZKDW\RXSOHDVHZLWKLW,VKRXOGSUHIHU
WKDWEHLQJDOWHUHGEH\RQGDOOUHFRJQLWLRQ
,ZLOOGRHYHU\WKLQJLQP\SRZHUWRFDUU\RXW\RXUZLVKHV
\RXUH[FHOOHQF\,VKRXOGEHJODGKRZHYHUWRUHFHLYH\RXU
H[FHOOHQF\
VFRPPDQGVFRQFHUQLQJWKHGLQQHU
5HDOO\P\GHDU0%HUWXFFLRVDLGWKHFRXQWVLQFH\RX
KDYHEHHQLQ3DULV\RXKDYHEHFRPHTXLWHQHUYRXVDQG
DSSDUHQWO\RXWRI\RXUHOHPHQW\RXQRORQJHUVHHPWR
XQGHUVWDQGPH
%XWVXUHO\\RXUH[FHOOHQF\ZLOOEHVRJRRGDVWRLQIRUPPH
ZKRP\RXDUHH[SHFWLQJWRUHFHLYH"
,GRQRW\HWNQRZP\VHOIQHLWKHULVLWQHFHVVDU\WKDW\RX
VKRXOGGRVRC/XFXOOXVGLQHVZLWK/XFXOOXV
WKDWLVTXLWH
VXIILFLHQW%HUWXFFLRERZHGDQGOHIWWKHURRP

704

&KDSWHU
0DMRU&DYDOFDQWL
%RWKWKHFRXQWDQG%DSWLVWLQKDGWROGWKHWUXWKZKHQWKH\
DQQRXQFHGWR0RUFHUIWKHSURSRVHGYLVLWRIWKHPDMRUZKLFK
KDGVHUYHG0RQWH&ULVWRDVDSUHWH[WIRUGHFOLQLQJ$OEHUW
V
LQYLWDWLRQ6HYHQR
FORFNKDGMXVWVWUXFNDQG0%HUWXFFLR
DFFRUGLQJWRWKHFRPPDQGZKLFKKDGEHHQJLYHQKLPKDGWZR
KRXUVEHIRUHOHIWIRU$XWHXLOZKHQDFDEVWRSSHGDWWKH
GRRUDQGDIWHUGHSRVLWLQJLWVRFFXSDQWDWWKHJDWH
LPPHGLDWHO\KXUULHGDZD\DVLIDVKDPHGRILWVHPSOR\PHQW
7KHYLVLWRUZDVDERXWILIW\WZR\HDUVRIDJHGUHVVHGLQRQH
RIWKHJUHHQVXUWRXWVRUQDPHQWHGZLWKEODFNIURJVZKLFK
KDYHVRORQJPDLQWDLQHGWKHLUSRSXODULW\DOORYHU(XURSH+H
ZRUHWURXVHUVRIEOXHFORWKERRWVWROHUDEO\FOHDQEXWQRW
RIWKHEULJKWHVWSROLVKDQGDOLWWOHWRRWKLFNLQWKH
VROHVEXFNVNLQJORYHVDKDWVRPHZKDWUHVHPEOLQJLQVKDSH
WKRVHXVXDOO\ZRUQE\WKHJHQGDUPHVDQGDEODFNFUDYDW
VWULSHGZLWKZKLWHZKLFKLIWKHSURSULHWRUKDGQRWZRUQLW
RIKLVRZQIUHHZLOOPLJKWKDYHSDVVHGIRUDKDOWHUVR
PXFKGLGLWUHVHPEOHRQH6XFKZDVWKHSLFWXUHVTXHFRVWXPH
RIWKHSHUVRQZKRUDQJDWWKHJDWHDQGGHPDQGHGLILWZDV
QRWDW1RLQWKH$YHQXHGHV&KDPSV(O\VHHVWKDWWKH
&RXQWRI0RQWH&ULVWROLYHGDQGZKREHLQJDQVZHUHGE\WKH
SRUWHULQWKHDIILUPDWLYHHQWHUHGFORVHGWKHJDWHDIWHU
KLPDQGEHJDQWRDVFHQGWKHVWHSV
7KHVPDOODQGDQJXODUKHDGRIWKLVPDQKLVZKLWHKDLUDQG
WKLFNJUD\PXVWDFKHVFDXVHGKLPWREHHDVLO\UHFRJQL]HGE\
%DSWLVWLQZKRKDGUHFHLYHGDQH[DFWGHVFULSWLRQRIWKH
H[SHFWHGYLVLWRUDQGZKRZDVDZDLWLQJKLPLQWKHKDOO
7KHUHIRUHVFDUFHO\KDGWKHVWUDQJHUWLPHWRSURQRXQFHKLV
QDPHEHIRUHWKHFRXQWZDVDSSULVHGRIKLVDUULYDO+HZDV
XVKHUHGLQWRDVLPSOHDQGHOHJDQWGUDZLQJURRPDQGWKH
FRXQWURVHWRPHHWKLPZLWKDVPLOLQJDLU$KP\GHDUVLU
\RXDUHPRVWZHOFRPH,ZDVH[SHFWLQJ\RX
,QGHHGVDLGWKH,WDOLDQZDV\RXUH[FHOOHQF\WKHQDZDUH
RIP\YLVLW"
<HV,KDGEHHQWROGWKDW,VKRXOGVHH\RXWRGD\DWVHYHQ
R
FORFN
7KHQ\RXKDYHUHFHLYHGIXOOLQIRUPDWLRQFRQFHUQLQJP\

705

DUULYDO"
2IFRXUVH
$KVRPXFKWKHEHWWHU,IHDUHGWKLVOLWWOHSUHFDXWLRQ
PLJKWKDYHEHHQIRUJRWWHQ
:KDWSUHFDXWLRQ"
7KDWRILQIRUPLQJ\RXEHIRUHKDQGRIP\FRPLQJ
2KQRLWKDVQRW
%XW\RXDUHVXUH\RXDUHQRWPLVWDNHQ
9HU\VXUH
,WUHDOO\ZDV,ZKRP\RXUH[FHOOHQF\H[SHFWHGDWVHYHQ
R
FORFNWKLVHYHQLQJ"
,ZLOOSURYHLWWR\RXEH\RQGDGRXEW
2KQRQHYHUPLQGWKDWVDLGWKH,WDOLDQLWLVQRW
ZRUWKWKHWURXEOH
<HV\HVVDLG0RQWH&ULVWR+LVYLVLWRUDSSHDUHGVOLJKWO\
XQHDV\/HWPHVHHVDLGWKHFRXQWDUH\RXQRWWKH
0DUTXLV%DUWRORPHR&DYDOFDQWL"
%DUWRORPHR&DYDOFDQWLMR\IXOO\UHSOLHGWKH,WDOLDQ\HV
,DPUHDOO\KH
([PDMRULQWKH$XVWULDQVHUYLFH"
:DV,DPDMRU"WLPLGO\DVNHGWKHROGVROGLHU
<HVVDLG0RQWH&ULVWR\RXZHUHDPDMRUWKDWLVWKH
WLWOHWKH)UHQFKJLYHWRWKHSRVWZKLFK\RXILOOHGLQ
,WDO\
9HU\JRRGVDLGWKHPDMRU,GRQRWGHPDQGPRUH\RX
XQGHUVWDQG
<RXUYLVLWKHUHWRGD\LVQRWRI\RXURZQVXJJHVWLRQLV

706

LW"VDLG0RQWH&ULVWR
1RFHUWDLQO\QRW
<RXZHUHVHQWE\VRPHRWKHUSHUVRQ"
<HV
%\WKHH[FHOOHQW$EEH%XVRQL"
([DFWO\VRVDLGWKHGHOLJKWHGPDMRU
$QG\RXKDYHDOHWWHU"
<HVWKHUHLWLV
*LYHLWPHWKHQDQG0RQWH&ULVWRWRRNWKHOHWWHUZKLFK
KHRSHQHGDQGUHDG7KHPDMRUORRNHGDWWKHFRXQWZLWKKLV
ODUJHVWDULQJH\HVDQGWKHQWRRNDVXUYH\RIWKHDSDUWPHQW
EXWKLVJD]HDOPRVWLPPHGLDWHO\UHYHUWHGWRWKHSURSULHWRU
RIWKHURRP<HV\HV,VHHC0DMRU&DYDOFDQWLDZRUWK\
SDWULFLDQRI/XFFDDGHVFHQGDQWRIWKH&DYDOFDQWLRI
)ORUHQFH
FRQWLQXHG0RQWH&ULVWRUHDGLQJDORXG
CSRVVHVVLQJDQLQFRPHRIKDOIDPLOOLRQ
0RQWH&ULVWR
UDLVHGKLVH\HVIURPWKHSDSHUDQGERZHG+DOIDPLOOLRQ
VDLGKHPDJQLILFHQW
+DOIDPLOOLRQLVLW"VDLGWKHPDMRU
<HVLQVRPDQ\ZRUGVDQGLWPXVWEHVRIRUWKHDEEH
NQRZVFRUUHFWO\WKHDPRXQWRIDOOWKHODUJHVWIRUWXQHVLQ
(XURSH
%HLWKDOIDPLOOLRQWKHQEXWRQP\ZRUGRIKRQRU,KDG
QRLGHDWKDWLWZDVVRPXFK
%HFDXVH\RXDUHUREEHGE\\RXUVWHZDUG<RXPXVWPDNHVRPH
UHIRUPDWLRQLQWKDWTXDUWHU
<RXKDYHRSHQHGP\H\HVVDLGWKH,WDOLDQJUDYHO\,ZLOO
VKRZWKHJHQWOHPHQWKHGRRU0RQWH&ULVWRUHVXPHGWKH
SHUXVDORIWKHOHWWHU
C$QGZKRRQO\QHHGVRQHWKLQJPRUHWRPDNHKLPKDSS\


707

<HVLQGHHGEXWRQHVDLGWKHPDMRUZLWKDVLJK
C:KLFKLVWRUHFRYHUDORVWDQGDGRUHGVRQ

$ORVWDQGDGRUHGVRQ
C6WROHQDZD\LQKLVLQIDQF\HLWKHUE\DQHQHP\RIKLV
QREOHIDPLO\RUE\WKHJ\SVLHV

$WWKHDJHRIILYH\HDUVVDLGWKHPDMRUZLWKDGHHSVLJK
DQGUDLVLQJKLVH\HWRKHDYHQ
8QKDSS\IDWKHUVDLG0RQWH&ULVWR7KHFRXQWFRQWLQXHG
C,KDYHJLYHQKLPUHQHZHGOLIHDQGKRSHLQWKHDVVXUDQFH
WKDW\RXKDYHWKHSRZHURIUHVWRULQJWKHVRQZKRPKHKDV
YDLQO\VRXJKWIRUILIWHHQ\HDUV
7KHPDMRUORRNHGDWWKH
FRXQWZLWKDQLQGHVFULEDEOHH[SUHVVLRQRIDQ[LHW\,KDYH
WKHSRZHURIVRGRLQJVDLG0RQWH&ULVWR7KHPDMRU
UHFRYHUHGKLVVHOISRVVHVVLRQ6RWKHQVDLGKHWKH
OHWWHUZDVWUXHWRWKHHQG"
'LG\RXGRXEWLWP\GHDU0RQVLHXU%DUWRORPHR"
1RLQGHHGFHUWDLQO\QRWDJRRGPDQDPDQKROGLQJ
UHOLJLRXVRIILFHDVGRHVWKH$EEH%XVRQLFRXOGQRW
FRQGHVFHQGWRGHFHLYHRUSOD\RIIDMRNHEXW\RXU
H[FHOOHQF\KDVQRWUHDGDOO
$KWUXHVDLG0RQWH&ULVWRWKHUHLVDSRVWVFULSW
<HV\HVUHSHDWHGWKHPDMRU\HVWKHUHLVD
SRVWVFULSW
C,QRUGHUWRVDYH0DMRU&DYDOFDQWLWKHWURXEOHRIGUDZLQJ
RQKLVEDQNHU,VHQGKLPDGUDIWIRUIUDQFVWRGHIUD\
KLVWUDYHOOLQJH[SHQVHVDQGFUHGLWRQ\RXIRUWKHIXUWKHU
VXPRIIUDQFVZKLFK\RXVWLOORZHPH
7KHPDMRU
DZDLWHGWKHFRQFOXVLRQRIWKHSRVWVFULSWDSSDUHQWO\ZLWK
JUHDWDQ[LHW\9HU\JRRGVDLGWKHFRXQW
+HVDLGCYHU\JRRG
PXWWHUHGWKHPDMRUWKHQVLU
UHSOLHGKH

708

7KHQZKDW"DVNHG0RQWH&ULVWR
7KHQWKHSRVWVFULSW
:HOOZKDWRIWKHSRVWVFULSW"
7KHQWKHSRVWVFULSWLVDVIDYRUDEO\UHFHLYHGE\\RXDVWKH
UHVWRIWKHOHWWHU"
&HUWDLQO\WKH$EEH%XVRQLDQGP\VHOIKDYHDVPDOODFFRXQW
RSHQEHWZHHQXV,GRQRWUHPHPEHULILWLVH[DFWO\
IUDQFVZKLFK,DPVWLOORZLQJKLPEXW,GDUHVD\ZHVKDOO
QRWGLVSXWHWKHGLIIHUHQFH<RXDWWDFKHGJUHDWLPSRUWDQFH
WKHQWRWKLVSRVWVFULSWP\GHDU0RQVLHXU&DYDOFDQWL"
,PXVWH[SODLQWR\RXVDLGWKHPDMRUWKDWIXOO\
FRQILGLQJLQWKHVLJQDWXUHRIWKH$EEH%XVRQL,KDGQRW
SURYLGHGP\VHOIZLWKDQ\RWKHUIXQGVVRWKDWLIWKLV
UHVRXUFHKDGIDLOHGPH,VKRXOGKDYHIRXQGP\VHOIYHU\
XQSOHDVDQWO\VLWXDWHGLQ3DULV
,VLWSRVVLEOHWKDWDPDQRI\RXUVWDQGLQJVKRXOGEH
HPEDUUDVVHGDQ\ZKHUH"VDLG0RQWH&ULVWR
:K\UHDOO\,NQRZQRRQHVDLGWKHPDMRU
%XWWKHQ\RX\RXUVHOIDUHNQRZQWRRWKHUV"
<HV,DPNQRZQVRWKDW
3URFHHGP\GHDU0RQVLHXU&DYDOFDQWL
6RWKDW\RXZLOOUHPLWWRPHWKHVHIUDQFV"
&HUWDLQO\DW\RXUILUVWUHTXHVW7KHPDMRU
VH\HVGLODWHG
ZLWKSOHDVLQJDVWRQLVKPHQW%XWVLWGRZQVDLG0RQWH
&ULVWRUHDOO\,GRQRWNQRZZKDW,KDYHEHHQWKLQNLQJRI
,KDYHSRVLWLYHO\NHSW\RXVWDQGLQJIRUWKHODVWTXDUWHU
RIDQKRXU
'RQ
WPHQWLRQLW7KHPDMRUGUHZDQDUPFKDLUWRZDUGVKLP
DQGSURFHHGHGWRVHDWKLPVHOI

709

1RZVDLGWKHFRXQWZKDWZLOO\RXWDNHDJODVVRI
SRUWVKHUU\RU$OLFDQWH"
$OLFDQWHLI\RXSOHDVHLWLVP\IDYRULWHZLQH
,KDYHVRPHWKDWLVYHU\JRRG<RXZLOOWDNHDELVFXLWZLWK
LWZLOO\RXQRW"
<HV,ZLOOWDNHDELVFXLWDV\RXDUHVRREOLJLQJ
0RQWH&ULVWRUDQJ%DSWLVWLQDSSHDUHG7KHFRXQWDGYDQFHGWR
PHHWKLP:HOO"VDLGKHLQDORZYRLFH7KH\RXQJPDQLV
KHUHVDLGWKHYDOHWGHFKDPEUHLQWKHVDPHWRQH
,QWRZKDWURRPGLG\RXWDNHKLP"
,QWRWKHEOXHGUDZLQJURRPDFFRUGLQJWR\RXUH[FHOOHQF\
V
RUGHUV
7KDW
VULJKWQRZEULQJWKH$OLFDQWHDQGVRPHELVFXLWV
%DSWLVWLQOHIWWKHURRP5HDOO\VDLGWKHPDMRU,DP
TXLWHDVKDPHGRIWKHWURXEOH,DPJLYLQJ\RX
3UD\GRQ
WPHQWLRQVXFKDWKLQJVDLGWKHFRXQW%DSWLVWLQ
UHHQWHUHGZLWKJODVVHVZLQHDQGELVFXLWV7KHFRXQW
ILOOHGRQHJODVVEXWLQWKHRWKHUKHRQO\SRXUHGDIHZ
GURSVRIWKHUXE\FRORUHGOLTXLG7KHERWWOHZDVFRYHUHG
ZLWKVSLGHUV
ZHEVDQGDOOWKHRWKHUVLJQVZKLFKLQGLFDWH
WKHDJHRIZLQHPRUHWUXO\WKDQGRZULQNOHVRQDPDQ
VIDFH
7KHPDMRUPDGHDZLVHFKRLFHKHWRRNWKHIXOOJODVVDQGD
ELVFXLW7KHFRXQWWROG%DSWLVWLQWROHDYHWKHSODWHZLWKLQ
UHDFKRIKLVJXHVWZKREHJDQE\VLSSLQJWKH$OLFDQWHZLWK
DQH[SUHVVLRQRIJUHDWVDWLVIDFWLRQDQGWKHQGHOLFDWHO\
VWHHSHGKLVELVFXLWLQWKHZLQH
6RVLU\RXOLYHGDW/XFFDGLG\RX"<RXZHUHULFKQREOH
KHOGLQJUHDWHVWHHPKDGDOOWKDWFRXOGUHQGHUDPDQ
KDSS\"
$OOVDLGWKHPDMRUKDVWLO\VZDOORZLQJKLVELVFXLW
SRVLWLYHO\DOO
$QG\HWWKHUHZDVRQHWKLQJZDQWLQJLQRUGHUWRFRPSOHWH

710

\RXUKDSSLQHVV"
2QO\RQHWKLQJVDLGWKH,WDOLDQ
$QGWKDWRQHWKLQJ\RXUORVWFKLOG
$KVDLGWKHPDMRUWDNLQJDVHFRQGELVFXLWWKDW
FRQVXPPDWLRQRIP\KDSSLQHVVZDVLQGHHGZDQWLQJ7KHZRUWK\
PDMRUUDLVHGKLVH\HVWRKHDYHQDQGVLJKHG
/HWPHKHDUWKHQVDLGWKHFRXQWZKRWKLVGHHSO\
UHJUHWWHGVRQZDVIRU,DOZD\VXQGHUVWRRG\RXZHUHD
EDFKHORU
7KDWZDVWKHJHQHUDORSLQLRQVLUVDLGWKHPDMRUDQG,

<HVUHSOLHGWKHFRXQWDQG\RXFRQILUPHGWKHUHSRUW$
\RXWKIXOLQGLVFUHWLRQ,VXSSRVHZKLFK\RXZHUHDQ[LRXVWR
FRQFHDOIURPWKHZRUOGDWODUJH"7KHPDMRUUHFRYHUHG
KLPVHOIDQGUHVXPHGKLVXVXDOFDOPPDQQHUDWWKHVDPHWLPH
FDVWLQJKLVH\HVGRZQHLWKHUWRJLYHKLPVHOIWLPHWR
FRPSRVHKLVFRXQWHQDQFHRUWRDVVLVWKLVLPDJLQDWLRQDOO
WKHZKLOHJLYLQJDQXQGHUORRNDWWKHFRXQWWKHSURWUDFWHG
VPLOHRQZKRVHOLSVVWLOODQQRXQFHGWKHVDPHSROLWH
FXULRVLW\<HVVDLGWKHPDMRU,GLGZLVKWKLVIDXOWWR
EHKLGGHQIURPHYHU\H\H
1RWRQ\RXURZQDFFRXQWVXUHO\UHSOLHG0RQWH&ULVWR
IRUDPDQLVDERYHWKDWVRUWRIWKLQJ"
2KQRFHUWDLQO\QRWRQP\RZQDFFRXQWVDLGWKHPDMRU
ZLWKDVPLOHDQGDVKDNHRIWKHKHDG
%XWIRUWKHVDNHRIWKHPRWKHU"VDLGWKHFRXQW
<HVIRUWKHPRWKHU
VVDNHKLVSRRUPRWKHUFULHGWKH
PDMRUWDNLQJDWKLUGELVFXLW
7DNHVRPHPRUHZLQHP\GHDU&DYDOFDQWLVDLGWKHFRXQW
SRXULQJRXWIRUKLPDVHFRQGJODVVRI$OLFDQWH\RXU
HPRWLRQKDVTXLWHRYHUFRPH\RX
+LVSRRUPRWKHUPXUPXUHGWKHPDMRUWU\LQJWRJHWWKH

711

ODFKU\PDOJODQGLQRSHUDWLRQVRDVWRPRLVWHQWKHFRUQHURI
KLVH\HZLWKDIDOVHWHDU
6KHEHORQJHGWRRQHRIWKHILUVWIDPLOLHVLQ,WDO\,
WKLQNGLGVKHQRW"
6KHZDVRIDQREOHIDPLO\RI)LHVROHFRXQW
$QGKHUQDPHZDV
'R\RXGHVLUHWRNQRZKHUQDPH"
2KVDLG0RQWH&ULVWRLWZRXOGEHTXLWHVXSHUIOXRXVIRU
\RXWRWHOOPHIRU,DOUHDG\NQRZLW
7KHFRXQWNQRZVHYHU\WKLQJVDLGWKH,WDOLDQERZLQJ
2OLYD&RUVLQDULZDVLWQRW"
2OLYD&RUVLQDUL
$PDUFKLRQHVV"
$PDUFKLRQHVV
$QG\RXPDUULHGKHUDWODVWQRWZLWKVWDQGLQJWKHRSSRVLWLRQ
RIKHUIDPLO\"
<HVWKDWZDVWKHZD\LWHQGHG
$QG\RXKDYHGRXEWOHVVEURXJKWDOO\RXUSDSHUVZLWK\RX"
VDLG0RQWH&ULVWR
:KDWSDSHUV"
7KHFHUWLILFDWHRI\RXUPDUULDJHZLWK2OLYD&RUVLQDULDQG
WKHUHJLVWHURI\RXUFKLOG
VELUWK
7KHUHJLVWHURIP\FKLOG
VELUWK"
7KHUHJLVWHURIWKHELUWKRI$QGUHD&DYDOFDQWLRI\RXU
VRQLVQRWKLVQDPH$QGUHD"
,EHOLHYHVRVDLGWKHPDMRU

712

:KDW"<RXEHOLHYHVR"
,GDUHQRWSRVLWLYHO\DVVHUWLWDVKHKDVEHHQORVWIRUVR
ORQJDWLPH
:HOOWKHQVDLG0RQWH&ULVWR\RXKDYHDOOWKHGRFXPHQWV
ZLWK\RX"
<RXUH[FHOOHQF\,UHJUHWWRVD\WKDWQRWNQRZLQJLWZDV
QHFHVVDU\WRFRPHSURYLGHGZLWKWKHVHSDSHUV,QHJOHFWHGWR
EULQJWKHP
7KDWLVXQIRUWXQDWHUHWXUQHG0RQWH&ULVWR
:HUHWKH\WKHQVRQHFHVVDU\"
7KH\ZHUHLQGLVSHQVDEOH
7KHPDMRUSDVVHGKLVKDQGDFURVVKLVEURZ$KSHU%DFFR
LQGLVSHQVDEOHZHUHWKH\"
&HUWDLQO\WKH\ZHUHVXSSRVLQJWKHUHZHUHWREHGRXEWV
UDLVHGDVWRWKHYDOLGLW\RI\RXUPDUULDJHRUWKHOHJLWLPDF\
RI\RXUFKLOG"
7UXHVDLGWKHPDMRUWKHUHPLJKWEHGRXEWVUDLVHG
,QWKDWFDVH\RXUVRQZRXOGEHYHU\XQSOHDVDQWO\VLWXDWHG
,WZRXOGEHIDWDOWRKLVLQWHUHVWV
,WPLJKWFDXVHKLPWRIDLOLQVRPHGHVLUDEOHPDWULPRQLDO
DOOLDQFH
2SHFFDWR
<RXPXVWNQRZWKDWLQ)UDQFHWKH\DUHYHU\SDUWLFXODURQ
WKHVHSRLQWVLWLVQRWVXIILFLHQWDVLQ,WDO\WRJRWR
WKHSULHVWDQGVD\C:HORYHHDFKRWKHUDQGZDQW\RXWR
PDUU\XV
0DUULDJHLVDFLYLODIIDLULQ)UDQFHDQGLQ
RUGHUWRPDUU\LQDQRUWKRGR[PDQQHU\RXPXVWKDYHSDSHUV
ZKLFKXQGHQLDEO\HVWDEOLVK\RXULGHQWLW\

713

7KDWLVWKHPLVIRUWXQH<RXVHH,KDYHQRWWKHVHQHFHVVDU\
SDSHUV
)RUWXQDWHO\,KDYHWKHPWKRXJKVDLG0RQWH&ULVWR
<RX"
<HV
<RXKDYHWKHP"
,KDYHWKHP
$KLQGHHG"VDLGWKHPDMRUZKRVHHLQJWKHREMHFWRIKLV
MRXUQH\IUXVWUDWHGE\WKHDEVHQFHRIWKHSDSHUVIHDUHGDOVR
WKDWKLVIRUJHWIXOQHVVPLJKWJLYHULVHWRVRPHGLIILFXOW\
FRQFHUQLQJWKHIUDQFVDKLQGHHGWKDWLVD
IRUWXQDWHFLUFXPVWDQFH\HVWKDWUHDOO\LVOXFN\IRULW
QHYHURFFXUUHGWRPHWREULQJWKHP
,GRQRWDWDOOZRQGHUDWLWRQHFDQQRWWKLQNRI
HYHU\WKLQJEXWKDSSLO\WKH$EEH%XVRQLWKRXJKWIRU\RX
+HLVDQH[FHOOHQWSHUVRQ
+HLVH[WUHPHO\SUXGHQWDQGWKRXJKWIXO
+HLVDQDGPLUDEOHPDQVDLGWKHPDMRUDQGKHVHQWWKHP
WR\RX"
+HUHWKH\DUH
7KHPDMRUFODVSHGKLVKDQGVLQWRNHQRIDGPLUDWLRQ<RX
PDUULHG2OLYD&RUVLQDULLQWKHFKXUFKRI6DQ3DRORGHO
0RQWH&DWWLQLKHUHLVWKHSULHVW
VFHUWLILFDWH
<HVLQGHHGWKHUHLWLVWUXO\VDLGWKH,WDOLDQORRNLQJ
RQZLWKDVWRQLVKPHQW
$QGKHUHLV$QGUHD&DYDOFDQWL
VEDSWLVPDOUHJLVWHUJLYHQ
E\WKHFXUDWHRI6DUDYH]]D
$OOTXLWHFRUUHFW

714

7DNHWKHVHGRFXPHQWVWKHQWKH\GRQRWFRQFHUQPH<RX
ZLOOJLYHWKHPWR\RXUVRQZKRZLOORIFRXUVHWDNHJUHDW
FDUHRIWKHP
,VKRXOGWKLQNVRLQGHHG,IKHZHUHWRORVHWKHP
:HOODQGLIKHZHUHWRORVHWKHP"VDLG0RQWH&ULVWR
,QWKDWFDVHUHSOLHGWKHPDMRULWZRXOGEHQHFHVVDU\WR
ZULWHWRWKHFXUDWHIRUGXSOLFDWHVDQGLWZRXOGEHVRPH
WLPHEHIRUHWKH\FRXOGEHREWDLQHG
,WZRXOGEHDGLIILFXOWPDWWHUWRDUUDQJHVDLG0RQWH
&ULVWR
$OPRVWDQLPSRVVLELOLW\UHSOLHGWKHPDMRU
,DPYHU\JODGWRVHHWKDW\RXXQGHUVWDQGWKHYDOXHRI
WKHVHSDSHUV
,UHJDUGWKHPDVLQYDOXDEOH
1RZVDLG0RQWH&ULVWRDVWRWKHPRWKHURIWKH\RXQJPDQ

$VWRWKHPRWKHURIWKH\RXQJPDQUHSHDWHGWKH,WDOLDQ
ZLWKDQ[LHW\
$VUHJDUGVWKH0DUFKHVD&RUVLQDUL
5HDOO\VDLGWKHPDMRUGLIILFXOWLHVVHHPWRWKLFNHQXSRQ
XVZLOOVKHEHZDQWHGLQDQ\ZD\"
1RVLUUHSOLHG0RQWH&ULVWREHVLGHVKDVVKHQRW
<HVVLUVDLGWKHPDMRUVKHKDV
3DLGWKHODVWGHEWRIQDWXUH"
$ODV\HVUHWXUQHGWKH,WDOLDQ
,NQHZWKDWVDLG0RQWH&ULVWRVKHKDVEHHQGHDGWKHVH
WHQ\HDUV

715

$QG,DPVWLOOPRXUQLQJKHUORVVH[FODLPHGWKHPDMRU
GUDZLQJIURPKLVSRFNHWDFKHFNHGKDQGNHUFKLHIDQG
DOWHUQDWHO\ZLSLQJILUVWWKHOHIWDQGWKHQWKHULJKWH\H
:KDWZRXOG\RXKDYH"VDLG0RQWH&ULVWRZHDUHDOO
PRUWDO1RZ\RXXQGHUVWDQGP\GHDU0RQVLHXU&DYDOFDQWL
WKDWLWLVXVHOHVVIRU\RXWRWHOOSHRSOHLQ)UDQFHWKDW\RX
KDYHEHHQVHSDUDWHGIURP\RXUVRQIRUILIWHHQ\HDUV6WRULHV
RIJ\SVLHVZKRVWHDOFKLOGUHQDUHQRWDWDOOLQYRJXHLQ
WKLVSDUWRIWKHZRUOGDQGZRXOGQRWEHEHOLHYHG<RXVHQW
KLPIRUKLVHGXFDWLRQWRDFROOHJHLQRQHRIWKHSURYLQFHV
DQGQRZ\RXZLVKKLPWRFRPSOHWHKLVHGXFDWLRQLQWKH
3DULVLDQZRUOG7KDWLVWKHUHDVRQZKLFKKDVLQGXFHG\RXWR
OHDYH9LD5HJJLRZKHUH\RXKDYHOLYHGVLQFHWKHGHDWKRI
\RXUZLIH7KDWZLOOEHVXIILFLHQW
<RXWKLQNVR"
&HUWDLQO\
9HU\ZHOOWKHQ
,IWKH\VKRXOGKHDURIWKHVHSDUDWLRQ
$K\HVZKDWFRXOG,VD\"
7KDWDQXQIDLWKIXOWXWRUERXJKWRYHUE\WKHHQHPLHVRI
\RXUIDPLO\
%\WKH&RUVLQDUL"
3UHFLVHO\+DGVWROHQDZD\WKLVFKLOGLQRUGHUWKDW\RXU
QDPHPLJKWEHFRPHH[WLQFW
7KDWLVUHDVRQDEOHVLQFHKHLVDQRQO\VRQ
:HOOQRZWKDWDOOLVDUUDQJHGGRQRWOHWWKHVHQHZO\
DZDNHQHGUHPHPEUDQFHVEHIRUJRWWHQ<RXKDYHGRXEWOHVV
DOUHDG\JXHVVHGWKDW,ZDVSUHSDULQJDVXUSULVHIRU\RX"
$QDJUHHDEOHRQH"DVNHGWKH,WDOLDQ
$K,VHHWKHH\HRIDIDWKHULVQRPRUHWREHGHFHLYHG
WKDQKLVKHDUW

716

+XPVDLGWKHPDMRU
6RPHRQHKDVWROG\RXWKHVHFUHWRUSHUKDSV\RXJXHVVHG
WKDWKHZDVKHUH
7KDWZKRZDVKHUH"
<RXUFKLOG\RXUVRQ\RXU$QGUHD
,GLGJXHVVLWUHSOLHGWKHPDMRUZLWKWKHJUHDWHVW
SRVVLEOHFRROQHVV7KHQKHLVKHUH"
+HLVVDLG0RQWH&ULVWRZKHQWKHYDOHWGHFKDPEUHFDPH
LQMXVWQRZKHWROGPHRIKLVDUULYDO
$KYHU\ZHOOYHU\ZHOOVDLGWKHPDMRUFOXWFKLQJWKH
EXWWRQVRIKLVFRDWDWHDFKH[FODPDWLRQ
0\GHDUVLUVDLG0RQWH&ULVWR,XQGHUVWDQG\RXU
HPRWLRQ\RXPXVWKDYHWLPHWRUHFRYHU\RXUVHOI,ZLOOLQ
WKHPHDQWLPHJRDQGSUHSDUHWKH\RXQJPDQIRUWKLV
PXFKGHVLUHGLQWHUYLHZIRU,SUHVXPHWKDWKHLVQRWOHVV
LPSDWLHQWIRULWWKDQ\RXUVHOI
,VKRXOGTXLWHLPDJLQHWKDWWREHWKHFDVHVDLG
&DYDOFDQWL
:HOOLQDTXDUWHURIDQKRXUKHVKDOOEHZLWK\RX
<RXZLOOEULQJKLPWKHQ"<RXFDUU\\RXUJRRGQHVVVRIDUDV
HYHQWRSUHVHQWKLPWRPH\RXUVHOI"
1R,GRQRWZLVKWRFRPHEHWZHHQDIDWKHUDQGVRQ<RXU
LQWHUYLHZZLOOEHSULYDWH%XWGRQRWEHXQHDV\HYHQLIWKH
SRZHUIXOYRLFHRIQDWXUHVKRXOGEHVLOHQW\RXFDQQRWZHOO
PLVWDNHKLPKHZLOOHQWHUE\WKLVGRRU+HLVDILQH\RXQJ
PDQRIIDLUFRPSOH[LRQDOLWWOHWRRIDLUSHUKDSV
SOHDVLQJLQPDQQHUVEXW\RXZLOOVHHDQGMXGJHIRU
\RXUVHOI
%\WKHZD\VDLGWKHPDMRU\RXNQRZ,KDYHRQO\WKH
IUDQFVZKLFKWKH$EEH%XVRQLVHQWPHWKLVVXP,KDYH
H[SHQGHGXSRQWUDYHOOLQJH[SHQVHVDQG

717

$QG\RXZDQWPRQH\WKDWLVDPDWWHURIFRXUVHP\GHDU0
&DYDOFDQWL:HOOKHUHDUHIUDQFVRQDFFRXQW
7KHPDMRU
VH\HVVSDUNOHGEULOOLDQWO\
,WLVIUDQFVZKLFK,QRZRZH\RXVDLG0RQWH
&ULVWR
'RHV\RXUH[FHOOHQF\ZLVKIRUDUHFHLSW"VDLGWKHPDMRU
DWWKHVDPHWLPHVOLSSLQJWKHPRQH\LQWRWKHLQQHUSRFNHWRI
KLVFRDW
)RUZKDW"VDLGWKHFRXQW
,WKRXJKW\RXPLJKWZDQWLWWRVKRZWKH$EEH%XVRQL
:HOOZKHQ\RXUHFHLYHWKHUHPDLQLQJ\RXVKDOOJLYH
PHDUHFHLSWLQIXOO%HWZHHQKRQHVWPHQVXFKH[FHVVLYH
SUHFDXWLRQLV,WKLQNTXLWHXQQHFHVVDU\
<HVVRLWLVEHWZHHQSHUIHFWO\XSULJKWSHRSOH
2QHZRUGPRUHVDLG0RQWH&ULVWR
6D\RQ
<RXZLOOSHUPLWPHWRPDNHRQHUHPDUN"
&HUWDLQO\SUD\GRVR
7KHQ,VKRXOGDGYLVH\RXWROHDYHRIIZHDULQJWKDWVW\OHRI
GUHVV
,QGHHGVDLGWKHPDMRUUHJDUGLQJKLPVHOIZLWKDQDLURI
FRPSOHWHVDWLVIDFWLRQ
<HV,WPD\EHZRUQDW9LD5HJJLREXWWKDWFRVWXPH
KRZHYHUHOHJDQWLQLWVHOIKDVORQJEHHQRXWRIIDVKLRQLQ
3DULV
7KDW
VXQIRUWXQDWH
2KLI\RXUHDOO\DUHDWWDFKHGWR\RXUROGPRGHRIGUHVV

718

\RXFDQHDVLO\UHVXPHLWZKHQ\RXOHDYH3DULV
%XWZKDWVKDOO,ZHDU"
:KDW\RXILQGLQ\RXUWUXQNV
,QP\WUXQNV",KDYHEXWRQHSRUWPDQWHDX
,GDUHVD\\RXKDYHQRWKLQJHOVHZLWK\RX:KDWLVWKHXVH
RIERULQJRQH
VVHOIZLWKVRPDQ\WKLQJV"%HVLGHVDQROG
VROGLHUDOZD\VOLNHVWRPDUFKZLWKDVOLWWOHEDJJDJHDV
SRVVLEOH
7KDWLVMXVWWKHFDVHSUHFLVHO\VR
%XW\RXDUHDPDQRIIRUHVLJKWDQGSUXGHQFHWKHUHIRUH\RX
VHQW\RXUOXJJDJHRQEHIRUH\RX,WKDVDUULYHGDWWKH+RWHO
GHV3ULQFHV5XHGH5LFKHOLHX,WLVWKHUH\RXDUHWRWDNH
XS\RXUTXDUWHUV
7KHQLQWKHVHWUXQNV
,SUHVXPH\RXKDYHJLYHQRUGHUVWR\RXUYDOHWGHFKDPEUHWR
SXWLQDOO\RXDUHOLNHO\WRQHHG\RXUSODLQFORWKHVDQG
\RXUXQLIRUP2QJUDQGRFFDVLRQV\RXPXVWZHDU\RXUXQLIRUP
WKDWZLOOORRNYHU\ZHOO'RQRWIRUJHW\RXUFURVVHV7KH\
VWLOOODXJKDWWKHPLQ)UDQFHDQG\HWDOZD\VZHDUWKHPIRU
DOOWKDW
9HU\ZHOOYHU\ZHOOVDLGWKHPDMRUZKRZDVLQHFVWDV\
DWWKHDWWHQWLRQSDLGKLPE\WKHFRXQW
1RZVDLG0RQWH&ULVWRWKDW\RXKDYHIRUWLILHG\RXUVHOI
DJDLQVWDOOSDLQIXOH[FLWHPHQWSUHSDUH\RXUVHOIP\GHDU0
&DYDOFDQWLWRPHHW\RXUORVW$QGUHD6D\LQJZKLFK0RQWH
&ULVWRERZHGDQGGLVDSSHDUHGEHKLQGWKHWDSHVWU\OHDYLQJ
WKHPDMRUIDVFLQDWHGEH\RQGH[SUHVVLRQZLWKWKHGHOLJKWIXO
UHFHSWLRQZKLFKKHKDGUHFHLYHGDWWKHKDQGVRIWKHFRXQW

&KDSWHU
$QGUHD&DYDOFDQWL

719

7KH&RXQWRI0RQWH&ULVWRHQWHUHGWKHDGMRLQLQJURRPZKLFK
%DSWLVWLQKDGGHVLJQDWHGDVWKHGUDZLQJURRPDQGIRXQG
WKHUHD\RXQJPDQRIJUDFHIXOGHPHDQRUDQGHOHJDQW
DSSHDUDQFHZKRKDGDUULYHGLQDFDEDERXWKDOIDQKRXU
SUHYLRXVO\%DSWLVWLQKDGQRWIRXQGDQ\GLIILFXOW\LQ
UHFRJQL]LQJWKHSHUVRQZKRSUHVHQWHGKLPVHOIDWWKHGRRUIRU
DGPLWWDQFH+HZDVFHUWDLQO\WKHWDOO\RXQJPDQZLWKOLJKW
KDLUUHGKHDUGEODFNH\HVDQGEULOOLDQWFRPSOH[LRQZKRP
KLVPDVWHUKDGVRSDUWLFXODUO\GHVFULEHGWRKLP:KHQWKH
FRXQWHQWHUHGWKHURRPWKH\RXQJPDQZDVFDUHOHVVO\
VWUHWFKHGRQDVRIDWDSSLQJKLVERRWZLWKWKHJROGKHDGHG
FDQHZKLFKKHKHOGLQKLVKDQG2QSHUFHLYLQJWKHFRXQWKH
URVHTXLFNO\7KH&RXQWRI0RQWH&ULVWR,EHOLHYH"VDLG
KH
<HVVLUDQG,WKLQN,KDYHWKHKRQRURIDGGUHVVLQJ&RXQW
$QGUHD&DYDOFDQWL"
&RXQW$QGUHD&DYDOFDQWLUHSHDWHGWKH\RXQJPDQ
DFFRPSDQ\LQJKLVZRUGVZLWKDERZ
<RXDUHFKDUJHGZLWKDOHWWHURILQWURGXFWLRQDGGUHVVHGWR
PHDUH\RXQRW"VDLGWKHFRXQW
,GLGQRWPHQWLRQWKDWEHFDXVHWKHVLJQDWXUHVHHPHGWRPH
VRVWUDQJH
7KHOHWWHUVLJQHGC6LQEDGWKH6DLORU
LVLWQRW"
([DFWO\VR1RZDV,KDYHQHYHUNQRZQDQ\6LQEDGZLWKWKH
H[FHSWLRQRIWKHRQHFHOHEUDWHGLQWKHC7KRXVDQGDQG2QH
1LJKWV

:HOOLWLVRQHRIKLVGHVFHQGDQWVDQGDJUHDWIULHQGRI
PLQHKHLVDYHU\ULFK(QJOLVKPDQHFFHQWULFDOPRVWWR
LQVDQLW\DQGKLVUHDOQDPHLV/RUG:LOPRUH
$KLQGHHG"7KHQWKDWH[SODLQVHYHU\WKLQJWKDWLV
H[WUDRUGLQDU\VDLG$QGUHD+HLVWKHQWKHVDPH
(QJOLVKPDQZKRP,PHWDWDK\HVLQGHHG:HOO
PRQVLHXU,DPDW\RXUVHUYLFH
,IZKDW\RXVD\EHWUXHUHSOLHGWKHFRXQWVPLOLQJ
SHUKDSV\RXZLOOEHNLQGHQRXJKWRJLYHPHVRPHDFFRXQWRI

720

\RXUVHOIDQG\RXUIDPLO\"
&HUWDLQO\,ZLOOGRVRVDLGWKH\RXQJPDQZLWKD
TXLFNQHVVZKLFKJDYHSURRIRIKLVUHDG\LQYHQWLRQ,DP DV
\RXKDYHVDLG WKH&RXQW$QGUHD&DYDOFDQWLVRQRI0DMRU
%DUWRORPHR&DYDOFDQWLDGHVFHQGDQWRIWKH&DYDOFDQWLZKRVH
QDPHVDUHLQVFULEHGLQWKHJROGHQERRNDW)ORUHQFH2XU
IDPLO\DOWKRXJKVWLOOULFK IRUP\IDWKHU
VLQFRPHDPRXQWV
WRKDOIDPLOOLRQ KDVH[SHULHQFHGPDQ\PLVIRUWXQHVDQG,
P\VHOIZDVDWWKHDJHRIILYH\HDUVWDNHQDZD\E\WKH
WUHDFKHU\RIP\WXWRUVRWKDWIRUILIWHHQ\HDUV,KDYHQRW
VHHQWKHDXWKRURIP\H[LVWHQFH6LQFH,KDYHDUULYHGDW
\HDUVRIGLVFUHWLRQDQGEHFRPHP\RZQPDVWHU,KDYHEHHQ
FRQVWDQWO\VHHNLQJKLPEXWDOOLQYDLQ$WOHQJWK,
UHFHLYHGWKLVOHWWHUIURP\RXUIULHQGZKLFKVWDWHVWKDWP\
IDWKHULVLQ3DULVDQGDXWKRUL]HVPHWRDGGUHVVP\VHOIWR
\RXIRULQIRUPDWLRQUHVSHFWLQJKLP
5HDOO\DOO\RXKDYHUHODWHGWRPHLVH[FHHGLQJO\
LQWHUHVWLQJVDLG0RQWH&ULVWRREVHUYLQJWKH\RXQJPDQ
ZLWKDJORRP\VDWLVIDFWLRQDQG\RXKDYHGRQHZHOOWR
FRQIRUPLQHYHU\WKLQJWRWKHZLVKHVRIP\IULHQG6LQEDGIRU
\RXUIDWKHULVLQGHHGKHUHDQGLVVHHNLQJ\RX
7KHFRXQWIURPWKHPRPHQWRIILUVWHQWHULQJWKH
GUDZLQJURRPKDGQRWRQFHORVWVLJKWRIWKHH[SUHVVLRQRI
WKH\RXQJPDQ
VFRXQWHQDQFHKHKDGDGPLUHGWKHDVVXUDQFHRI
KLVORRNDQGWKHILUPQHVVRIKLVYRLFHEXWDWWKHVHZRUGV
VRQDWXUDOLQWKHPVHOYHV<RXUIDWKHULVLQGHHGKHUHDQG
LVVHHNLQJ\RX\RXQJ$QGUHDVWDUWHGDQGH[FODLPHG0\
IDWKHU",VP\IDWKHUKHUH"
0RVWXQGRXEWHGO\UHSOLHG0RQWH&ULVWR\RXUIDWKHU
0DMRU%DUWRORPHR&DYDOFDQWL7KHH[SUHVVLRQRIWHUURU
ZKLFKIRUWKHPRPHQWKDGRYHUVSUHDGWKHIHDWXUHVRIWKH
\RXQJPDQKDGQRZGLVDSSHDUHG$K\HVWKDWLVWKHQDPH
FHUWDLQO\0DMRU%DUWRORPHR&DYDOFDQWL$QG\RXUHDOO\PHDQ
WRVD\PRQVLHXUWKDWP\GHDUIDWKHULVKHUH"
<HVVLUDQG,FDQHYHQDGGWKDW,KDYHRQO\MXVWOHIWKLV
FRPSDQ\7KHKLVWRU\ZKLFKKHUHODWHGWRPHRIKLVORVWVRQ
WRXFKHGPHWRWKHTXLFNLQGHHGKLVJULHIVKRSHVDQG
IHDUVRQWKDWVXEMHFWPLJKWIXUQLVKPDWHULDOIRUDPRVW
WRXFKLQJDQGSDWKHWLFSRHP$WOHQJWKKHRQHGD\UHFHLYHGD

721

OHWWHUVWDWLQJWKDWWKHDEGXFWRUVRIKLVVRQQRZRIIHUHGWR
UHVWRUHKLPRUDWOHDVWWRJLYHQRWLFHZKHUHKHPLJKWEH
IRXQGRQFRQGLWLRQRIUHFHLYLQJDODUJHVXPRIPRQH\E\
ZD\RIUDQVRP<RXUIDWKHUGLGQRWKHVLWDWHDQLQVWDQWDQG
WKHVXPZDVVHQWWRWKHIURQWLHURI3LHGPRQWZLWKD
SDVVSRUWVLJQHGIRU,WDO\<RXZHUHLQWKHVRXWKRI)UDQFH
,WKLQN"
<HVUHSOLHG$QGUHDZLWKDQHPEDUUDVVHGDLU,ZDVLQ
WKHVRXWKRI)UDQFH
$FDUULDJHZDVWRDZDLW\RXDW1LFH"
3UHFLVHO\VRDQGLWFRQYH\HGPHIURP1LFHWR*HQRDIURP
*HQRDWR7XULQIURP7XULQWR&KDPEHU\IURP&KDPEHU\WR
3RQWGH%HDXYRLVLQDQGIURP3RQWGH%HDXYRLVLQWR3DULV
,QGHHG"7KHQ\RXUIDWKHURXJKWWRKDYHPHWZLWK\RXRQWKH
URDGIRULWLVH[DFWO\WKHVDPHURXWHZKLFKKHKLPVHOI
WRRNDQGWKDWLVKRZZHKDYHEHHQDEOHWRWUDFH\RXU
MRXUQH\WRWKLVSODFH
%XWVDLG$QGUHDLIP\IDWKHUKDGPHWPH,GRXEWLIKH
ZRXOGKDYHUHFRJQL]HGPH,PXVWEHVRPHZKDWDOWHUHGVLQFH
KHODVWVDZPH
2KWKHYRLFHRIQDWXUHVDLG0RQWH&ULVWR
7UXHLQWHUUXSWHGWKH\RXQJPDQ,KDGQRWORRNHGXSRQLW
LQWKDWOLJKW
1RZUHSOLHG0RQWH&ULVWRWKHUHLVRQO\RQHVRXUFHRI
XQHDVLQHVVOHIWLQ\RXUIDWKHU
VPLQGZKLFKLVWKLVKH
LVDQ[LRXVWRNQRZKRZ\RXKDYHEHHQHPSOR\HGGXULQJ\RXU
ORQJDEVHQFHIURPKLPKRZ\RXKDYHEHHQWUHDWHGE\\RXU
SHUVHFXWRUVDQGLIWKH\KDYHFRQGXFWHGWKHPVHOYHVWRZDUGV
\RXZLWKDOOWKHGHIHUHQFHGXHWR\RXUUDQN)LQDOO\KHLV
DQ[LRXVWRVHHLI\RXKDYHEHHQIRUWXQDWHHQRXJKWRHVFDSH
WKHEDGPRUDOLQIOXHQFHWRZKLFK\RXKDYHEHHQH[SRVHGDQG
ZKLFKLVLQILQLWHO\PRUHWREHGUHDGHGWKDQDQ\SK\VLFDO
VXIIHULQJKHZLVKHVWRGLVFRYHULIWKHILQHDELOLWLHVZLWK
ZKLFKQDWXUHKDGHQGRZHG\RXKDYHEHHQZHDNHQHGE\ZDQWRI
FXOWXUHDQGLQVKRUWZKHWKHU\RXFRQVLGHU\RXUVHOI
FDSDEOHRIUHVXPLQJDQGUHWDLQLQJLQWKHZRUOGWKHKLJK

722

SRVLWLRQWRZKLFK\RXUUDQNHQWLWOHV\RX
6LUH[FODLPHGWKH\RXQJPDQTXLWHDVWRXQGHG,KRSHQR
IDOVHUHSRUW
$VIRUP\VHOI,ILUVWKHDUG\RXVSRNHQRIE\P\IULHQG
:LOPRUHWKHSKLODQWKURSLVW,EHOLHYHKHIRXQG\RXLQVRPH
XQSOHDVDQWSRVLWLRQEXWGRQRWNQRZRIZKDWQDWXUHIRU,
GLGQRWDVNQRWEHLQJLQTXLVLWLYH<RXUPLVIRUWXQHVHQJDJHG
KLVV\PSDWKLHVVR\RXVHH\RXPXVWKDYHEHHQLQWHUHVWLQJ
+HWROGPHWKDWKHZDVDQ[LRXVWRUHVWRUH\RXWRWKH
SRVLWLRQZKLFK\RXKDGORVWDQGWKDWKHZRXOGVHHN\RXU
IDWKHUXQWLOKHIRXQGKLP+HGLGVHHNDQGKDVIRXQGKLP
DSSDUHQWO\VLQFHKHLVKHUHQRZDQGILQDOO\P\IULHQG
DSSULVHGPHRI\RXUFRPLQJDQGJDYHPHDIHZRWKHU
LQVWUXFWLRQVUHODWLYHWR\RXUIXWXUHIRUWXQH,DPTXLWH
DZDUHWKDWP\IULHQG:LOPRUHLVSHFXOLDUEXWKHLVVLQFHUH
DQGDVULFKDVDJROGPLQHFRQVHTXHQWO\KHPD\LQGXOJHKLV
HFFHQWULFLWLHVZLWKRXWDQ\IHDURIWKHLUUXLQLQJKLPDQG,
KDYHSURPLVHGWRDGKHUHWRKLVLQVWUXFWLRQV1RZVLUSUD\
GRQRWEHRIIHQGHGDWWKHTXHVWLRQ,DPDERXWWRSXWWR\RX
DVLWFRPHVLQWKHZD\RIP\GXW\DV\RXUSDWURQ,ZRXOG
ZLVKWRNQRZLIWKHPLVIRUWXQHVZKLFKKDYHKDSSHQHGWR\RX
PLVIRUWXQHVHQWLUHO\EH\RQG\RXUFRQWURODQGZKLFKLQQR
GHJUHHGLPLQLVKP\UHJDUGIRU\RX,ZRXOGZLVKWRNQRZLI
WKH\KDYHQRWLQVRPHPHDVXUHFRQWULEXWHGWRUHQGHU\RXD
VWUDQJHUWRWKHZRUOGLQZKLFK\RXUIRUWXQHDQG\RXUQDPH
HQWLWOH\RXWRPDNHDFRQVSLFXRXVILJXUH"
6LUUHWXUQHGWKH\RXQJPDQZLWKDUHDVVXUDQFHRIPDQQHU
PDNH\RXUPLQGHDV\RQWKLVVFRUH7KRVHZKRWRRNPHIURP
P\IDWKHUDQGZKRDOZD\VLQWHQGHGVRRQHURUODWHUWRVHOO
PHDJDLQWRP\RULJLQDOSURSULHWRUDVWKH\KDYHQRZGRQH
FDOFXODWHGWKDWLQRUGHUWRPDNHWKHPRVWRIWKHLUEDUJDLQ
LWZRXOGEHSROLWLFWROHDYHPHLQSRVVHVVLRQRIDOOP\
SHUVRQDODQGKHUHGLWDU\ZRUWKDQGHYHQWRLQFUHDVHWKH
YDOXHLISRVVLEOH,KDYHWKHUHIRUHUHFHLYHGDYHU\JRRG
HGXFDWLRQDQGKDYHEHHQWUHDWHGE\WKHVHNLGQDSSHUVYHU\
PXFKDVWKHVODYHVZHUHWUHDWHGLQ$VLD0LQRUZKRVHPDVWHUV
PDGHWKHPJUDPPDULDQVGRFWRUVDQGSKLORVRSKHUVLQRUGHU
WKDWWKH\PLJKWIHWFKDKLJKHUSULFHLQWKH5RPDQPDUNHW
0RQWH&ULVWRVPLOHGZLWKVDWLVIDFWLRQLWDSSHDUHGDVLIKH
KDGQRWH[SHFWHGVRPXFKIURP0$QGUHD&DYDOFDQWL
%HVLGHVFRQWLQXHGWKH\RXQJPDQLIWKHUHGLGDSSHDU

723

VRPHGHIHFWLQHGXFDWLRQRURIIHQFHDJDLQVWWKHHVWDEOLVKHG
IRUPVRIHWLTXHWWH,VXSSRVHLWZRXOGEHH[FXVHGLQ
FRQVLGHUDWLRQRIWKHPLVIRUWXQHVZKLFKDFFRPSDQLHGP\ELUWK
DQGIROORZHGPHWKURXJKP\\RXWK
:HOOVDLG0RQWH&ULVWRLQDQLQGLIIHUHQWWRQH\RXZLOO
GRDV\RXSOHDVHFRXQWIRU\RXDUHWKHPDVWHURI\RXURZQ
DFWLRQVDQGDUHWKHSHUVRQPRVWFRQFHUQHGLQWKHPDWWHU
EXWLI,ZHUH\RX,ZRXOGQRWGLYXOJHDZRUGRIWKHVH
DGYHQWXUHV<RXUKLVWRU\LVTXLWHDURPDQFHDQGWKHZRUOG
ZKLFKGHOLJKWVLQURPDQFHVLQ\HOORZFRYHUVVWUDQJHO\
PLVWUXVWVWKRVHZKLFKDUHERXQGLQOLYLQJSDUFKPHQWHYHQ
WKRXJKWKH\EHJLOGHGOLNH\RXUVHOI7KLVLVWKHNLQGRI
GLIILFXOW\ZKLFK,ZLVKHGWRUHSUHVHQWWR\RXP\GHDU
FRXQW<RXZRXOGKDUGO\KDYHUHFLWHG\RXUWRXFKLQJKLVWRU\
EHIRUHLWZRXOGJRIRUWKWRWKHZRUOGDQGEHGHHPHG
XQOLNHO\DQGXQQDWXUDO<RXZRXOGEHQRORQJHUDORVWFKLOG
IRXQGEXW\RXZRXOGEHORRNHGXSRQDVDQXSVWDUWZKRKDG
VSUXQJXSOLNHDPXVKURRPLQWKHQLJKW<RXPLJKWH[FLWHD
OLWWOHFXULRVLW\EXWLWLVQRWHYHU\RQHZKROLNHVWREH
PDGHWKHFHQWUHRIREVHUYDWLRQDQGWKHVXEMHFWRIXQSOHDVDQW
UHPDUN
,DJUHHZLWK\RXPRQVLHXUVDLGWKH\RXQJPDQWXUQLQJ
SDOHDQGLQVSLWHRIKLPVHOIWUHPEOLQJEHQHDWKWKH
VFUXWLQL]LQJORRNRIKLVFRPSDQLRQVXFKFRQVHTXHQFHVZRXOG
EHH[WUHPHO\XQSOHDVDQW
1HYHUWKHOHVV\RXPXVWQRWH[DJJHUDWHWKHHYLOVDLG0RQWH
&ULVWRIRUE\HQGHDYRULQJWRDYRLGRQHIDXOW\RXZLOOIDOO
LQWRDQRWKHU<RXPXVWUHVROYHXSRQRQHVLPSOHDQGVLQJOH
OLQHRIFRQGXFWDQGIRUDPDQRI\RXULQWHOOLJHQFHWKLV
SODQLVDVHDV\DVLWLVQHFHVVDU\\RXPXVWIRUPKRQRUDEOH
IULHQGVKLSVDQGE\WKDWPHDQVFRXQWHUDFWWKHSUHMXGLFH
ZKLFKPD\DWWDFKWRWKHREVFXULW\RI\RXUIRUPHUOLIH
$QGUHDYLVLEO\FKDQJHGFRXQWHQDQFH,ZRXOGRIIHUP\VHOIDV
\RXUVXUHW\DQGIULHQGO\DGYLVHUVDLG0RQWH&ULVWRGLG,
QRWSRVVHVVDPRUDOGLVWUXVWRIP\EHVWIULHQGVDQGDVRUW
RILQFOLQDWLRQWROHDGRWKHUVWRGRXEWWKHPWRRWKHUHIRUH
LQGHSDUWLQJIURPWKLVUXOH,VKRXOG DVWKHDFWRUVVD\ EH
SOD\LQJDSDUWTXLWHRXWRIP\OLQHDQGVKRXOGWKHUHIRUH
UXQWKHULVNRIEHLQJKLVVHGZKLFKZRXOGEHDQDFWRI
IROO\

724

+RZHYHU\RXUH[FHOOHQF\VDLG$QGUHDLQFRQVLGHUDWLRQ
RI/RUG:LOPRUHE\ZKRP,ZDVUHFRPPHQGHGWR\RX
<HVFHUWDLQO\LQWHUUXSWHG0RQWH&ULVWREXW/RUG
:LOPRUHGLGQRWRPLWWRLQIRUPPHP\GHDU0$QGUHDWKDW
WKHVHDVRQRI\RXU\RXWKZDVUDWKHUDVWRUP\RQH$KVDLG
WKHFRXQWZDWFKLQJ$QGUHD
VFRXQWHQDQFH,GRQRWGHPDQG
DQ\FRQIHVVLRQIURP\RXLWLVSUHFLVHO\WRDYRLGWKDW
QHFHVVLW\WKDW\RXUIDWKHUZDVVHQWIRUIURP/XFFD<RX
VKDOOVRRQVHHKLP+HLVDOLWWOHVWLIIDQGSRPSRXVLQKLV
PDQQHUDQGKHLVGLVILJXUHGE\KLVXQLIRUPEXWZKHQLW
EHFRPHVNQRZQWKDWKHKDVEHHQIRUHLJKWHHQ\HDUVLQWKH
$XVWULDQVHUYLFHDOOWKDWZLOOEHSDUGRQHG:HDUHQRW
JHQHUDOO\YHU\VHYHUHZLWKWKH$XVWULDQV,QVKRUW\RXZLOO
ILQG\RXUIDWKHUDYHU\SUHVHQWDEOHSHUVRQ,DVVXUH\RX
$KVLU\RXKDYHJLYHQPHFRQILGHQFHLWLVVRORQJVLQFH
ZHZHUHVHSDUDWHGWKDW,KDYHQRWWKHOHDVWUHPHPEUDQFHRI
KLPDQGEHVLGHV\RXNQRZWKDWLQWKHH\HVRIWKHZRUOGD
ODUJHIRUWXQHFRYHUVDOOGHIHFWV
+HLVDPLOOLRQDLUHKLVLQFRPHLVIUDQFV
7KHQVDLGWKH\RXQJPDQZLWKDQ[LHW\,VKDOOEHVXUH
WREHSODFHGLQDQDJUHHDEOHSRVLWLRQ
2QHRIWKHPRVWDJUHHDEOHSRVVLEOHP\GHDUVLUKHZLOO
DOORZ\RXDQLQFRPHRIOLYUHVSHUDQQXPGXULQJWKH
ZKROHWLPHRI\RXUVWD\LQ3DULV
7KHQLQWKDWFDVH,VKDOODOZD\VFKRRVHWRUHPDLQWKHUH
<RXFDQQRWFRQWUROFLUFXPVWDQFHVP\GHDUVLUCPDQ
SURSRVHVDQG*RGGLVSRVHV
$QGUHDVLJKHG%XWVDLGKH
VRORQJDV,GRUHPDLQLQ3DULVDQGQRWKLQJIRUFHVPHWR
TXLWLWGR\RXPHDQWRWHOOPHWKDW,PD\UHO\RQUHFHLYLQJ
WKHVXP\RXMXVWQRZPHQWLRQHGWRPH"
<RXPD\
6KDOO,UHFHLYHLWIURPP\IDWKHU"DVNHG$QGUHDZLWKVRPH
XQHDVLQHVV
<HV\RXZLOOUHFHLYHLWIURP\RXUIDWKHUSHUVRQDOO\EXW

725

/RUG:LOPRUHZLOOEHWKHVHFXULW\IRUWKHPRQH\+HKDVDW
WKHUHTXHVWRI\RXUIDWKHURSHQHGDQDFFRXQWRI
IUDQFVDPRQWKDW0'DQJODUV
ZKLFKLVRQHRIWKHVDIHVW
EDQNVLQ3DULV
$QGGRHVP\IDWKHUPHDQWRUHPDLQORQJLQ3DULV"DVNHG
$QGUHD
2QO\DIHZGD\VUHSOLHG0RQWH&ULVWR+LVVHUYLFHGRHV
QRWDOORZKLPWRDEVHQWKLPVHOIPRUHWKDQWZRRUWKUHHZHHNV
WRJHWKHU
$KP\GHDUIDWKHUH[FODLPHG$QGUHDHYLGHQWO\FKDUPHG
ZLWKWKHLGHDRIKLVVSHHG\GHSDUWXUH
7KHUHIRUHVDLG0RQWH&ULVWRIHLJQLQJWRPLVWDNHKLV
PHDQLQJWKHUHIRUH,ZLOOQRWIRUDQRWKHULQVWDQW
UHWDUGWKHSOHDVXUHRI\RXUPHHWLQJ$UH\RXSUHSDUHGWR
HPEUDFH\RXUZRUWK\IDWKHU"
,KRSH\RXGRQRWGRXEWLW
*RWKHQLQWRWKHGUDZLQJURRPP\\RXQJIULHQGZKHUH\RX
ZLOOILQG\RXUIDWKHUDZDLWLQJ\RX$QGUHDPDGHDORZERZ
WRWKHFRXQWDQGHQWHUHGWKHDGMRLQLQJURRP0RQWH&ULVWR
ZDWFKHGKLPWLOOKHGLVDSSHDUHGDQGWKHQWRXFKHGDVSULQJ
LQDSDQHOPDGHWRORRNOLNHDSLFWXUHZKLFKLQVOLGLQJ
SDUWO\IURPWKHIUDPHGLVFRYHUHGWRYLHZDVPDOORSHQLQJ
VRFOHYHUO\FRQWULYHGWKDWLWUHYHDOHGDOOWKDWZDVSDVVLQJ
LQWKHGUDZLQJURRPQRZRFFXSLHGE\&DYDOFDQWLDQG$QGUHD
7KH\RXQJPDQFORVHGWKHGRRUEHKLQGKLPDQGDGYDQFHG
WRZDUGVWKHPDMRUZKRKDGULVHQZKHQKHKHDUGVWHSV
DSSURDFKLQJKLP$KP\GHDUIDWKHUVDLG$QGUHDLQDORXG
YRLFHLQRUGHUWKDWWKHFRXQWPLJKWKHDUKLPLQWKHQH[W
URRPLVLWUHDOO\\RX"
+RZGR\RXGRP\GHDUVRQ"VDLGWKHPDMRUJUDYHO\
$IWHUVRPDQ\\HDUVRISDLQIXOVHSDUDWLRQVDLG$QGUHDLQ
WKHVDPHWRQHRIYRLFHDQGJODQFLQJWRZDUGVWKHGRRUZKDW
DKDSSLQHVVLWLVWRPHHWDJDLQ
,QGHHGLWLVDIWHUVRORQJDVHSDUDWLRQ

726

:LOO\RXQRWHPEUDFHPHVLU"VDLG$QGUHD
,I\RXZLVKLWP\VRQVDLGWKHPDMRUDQGWKHWZRPHQ
HPEUDFHGHDFKRWKHUDIWHUWKHIDVKLRQRIDFWRUVRQWKH
VWDJHWKDWLVWRVD\HDFKUHVWHGKLVKHDGRQWKHRWKHU
V
VKRXOGHU
7KHQZHDUHRQFHPRUHUHXQLWHG"VDLG$QGUHD
2QFHPRUHUHSOLHGWKHPDMRU
1HYHUPRUHWREHVHSDUDWHG"
:K\DVWRWKDW,WKLQNP\GHDUVRQ\RXPXVWEHE\
WKLVWLPHVRDFFXVWRPHGWR)UDQFHDVWRORRNXSRQLWDOPRVW
DVDVHFRQGFRXQWU\
7KHIDFWLVVDLGWKH\RXQJPDQWKDW,VKRXOGEH
H[FHHGLQJO\JULHYHGWROHDYHLW
$VIRUPH\RXPXVWNQRZ,FDQQRWSRVVLEO\OLYHRXWRI
/XFFDWKHUHIRUH,VKDOOUHWXUQWR,WDO\DVVRRQDV,FDQ
%XWEHIRUH\RXOHDYH)UDQFHP\GHDUIDWKHU,KRSH\RX
ZLOOSXWPHLQSRVVHVVLRQRIWKHGRFXPHQWVZKLFKZLOOEH
QHFHVVDU\WRSURYHP\GHVFHQW
&HUWDLQO\,DPFRPHH[SUHVVO\RQWKDWDFFRXQWLWKDVFRVW
PHPXFKWURXEOHWRILQG\RXEXW,KDGUHVROYHGRQJLYLQJ
WKHPLQWR\RXUKDQGVDQGLI,KDGWRUHFRPPHQFHP\VHDUFK
LWZRXOGRFFXS\DOOWKHIHZUHPDLQLQJ\HDUVRIP\OLIH
:KHUHDUHWKHVHSDSHUVWKHQ"
+HUHWKH\DUH
$QGUHDVHL]HGWKHFHUWLILFDWHRIKLVIDWKHU
VPDUULDJHDQG
KLVRZQEDSWLVPDOUHJLVWHUDQGDIWHUKDYLQJRSHQHGWKHP
ZLWKDOOWKHHDJHUQHVVZKLFKPLJKWEHH[SHFWHGXQGHUWKH
FLUFXPVWDQFHVKHUHDGWKHPZLWKDIDFLOLW\ZKLFKSURYHG
WKDWKHZDVDFFXVWRPHGWRVLPLODUGRFXPHQWVDQGZLWKDQ
H[SUHVVLRQZKLFKSODLQO\GHQRWHGDQXQXVXDOLQWHUHVWLQWKH
FRQWHQWV:KHQKHKDGSHUXVHGWKHGRFXPHQWVDQLQGHILQDEOH
H[SUHVVLRQRISOHDVXUHOLJKWHGXSKLVFRXQWHQDQFHDQG

727

ORRNLQJDWWKHPDMRUZLWKDPRVWSHFXOLDUVPLOHKHVDLGLQ
YHU\H[FHOOHQW7XVFDQ7KHQWKHUHLVQRORQJHUDQ\VXFK
WKLQJLQ,WDO\DVEHLQJFRQGHPQHGWRWKHJDOOH\V"7KH
PDMRUGUHZKLPVHOIXSWRKLVIXOOKHLJKW
:K\"ZKDWGR\RXPHDQE\WKDWTXHVWLRQ"
,PHDQWKDWLIWKHUHZHUHLWZRXOGEHLPSRVVLEOHWRGUDZ
XSZLWKLPSXQLW\WZRVXFKGHHGVDVWKHVH,Q)UDQFHP\GHDU
VLUKDOIVXFKDSLHFHRIHIIURQWHU\DVWKDWZRXOGFDXVH\RX
WREHTXLFNO\GHVSDWFKHGWR7RXORQIRUILYH\HDUVIRU
FKDQJHRIDLU
:LOO\RXEHJRRGHQRXJKWRH[SODLQ\RXUPHDQLQJ"VDLGWKH
PDMRUHQGHDYRULQJDVPXFKDVSRVVLEOHWRDVVXPHDQDLURI
WKHJUHDWHVWPDMHVW\
0\GHDU0&DYDOFDQWLVDLG$QGUHDWDNLQJWKHPDMRUE\
WKHDUPLQDFRQILGHQWLDOPDQQHUKRZPXFKDUH\RXSDLGIRU
EHLQJP\IDWKHU"7KHPDMRUZDVDERXWWRVSHDNZKHQ$QGUHD
FRQWLQXHGLQDORZYRLFH
1RQVHQVH,DPJRLQJWRVHW\RXDQH[DPSOHRIFRQILGHQFH
WKH\JLYHPHIUDQFVD\HDUWREH\RXUVRQ
FRQVHTXHQWO\\RXFDQXQGHUVWDQGWKDWLWLVQRWDWDOO
OLNHO\,VKDOOHYHUGHQ\P\SDUHQW7KHPDMRUORRNHG
DQ[LRXVO\DURXQGKLP0DNH\RXUVHOIHDV\ZHDUHTXLWH
DORQHVDLG$QGUHDEHVLGHVZHDUHFRQYHUVLQJLQ
,WDOLDQ
:HOOWKHQUHSOLHGWKHPDMRUWKH\SDLGPHIUDQFV
GRZQ
0RQVLHXU&DYDOFDQWLVDLG$QGUHDGR\RXEHOLHYHLQIDLU\
WDOHV"
,XVHGQRWWRGRVREXW,UHDOO\IHHOQRZDOPRVWREOLJHG
WRKDYHIDLWKLQWKHP
<RXKDYHWKHQEHHQLQGXFHGWRDOWHU\RXURSLQLRQ\RX
KDYHKDGVRPHSURRIVRIWKHLUWUXWK"7KHPDMRUGUHZIURP
KLVSRFNHWDKDQGIXORIJROG0RVWSDOSDEOHSURRIVVDLG
KHDV\RXPD\SHUFHLYH

728

<RXWKLQNWKHQWKDW,PD\UHO\RQWKHFRXQW
VSURPLVHV"
&HUWDLQO\,GR
<RXDUHVXUHKHZLOONHHSKLVZRUGZLWKPH"
7RWKHOHWWHUEXWDWWKHVDPHWLPHUHPHPEHUZHPXVW
FRQWLQXHWRSOD\RXUUHVSHFWLYHSDUWV,DVDWHQGHU
IDWKHU
$QG,DVDGXWLIXOVRQDVWKH\FKRRVHWKDW,VKDOOEH
GHVFHQGHGIURP\RX
:KRPGR\RXPHDQE\WKH\"
0DIRL,FDQKDUGO\WHOOEXW,ZDVDOOXGLQJWRWKRVHZKR
ZURWHWKHOHWWHU\RXUHFHLYHGRQHGLG\RXQRW"
<HV
)URPZKRP"
)URPDFHUWDLQ$EEH%XVRQL
+DYH\RXDQ\NQRZOHGJHRIKLP"
1R,KDYHQHYHUVHHQKLP
:KDWGLGKHVD\LQWKHOHWWHU"
<RXZLOOSURPLVHQRWWREHWUD\PH"
5HVWDVVXUHGRIWKDW\RXZHOONQRZWKDWRXULQWHUHVWVDUH
WKHVDPH
7KHQUHDGIRU\RXUVHOIDQGWKHPDMRUJDYHDOHWWHULQWR
WKH\RXQJPDQ
VKDQG$QGUHDUHDGLQDORZYRLFH
<RXDUHSRRUDPLVHUDEOHROGDJHDZDLWV\RX:RXOG\RX
OLNHWREHFRPHULFKRUDWOHDVWLQGHSHQGHQW"6HWRXW
LPPHGLDWHO\IRU3DULVDQGGHPDQGRIWKH&RXQWRI0RQWH
&ULVWR$YHQXHGHV&KDPSV(O\VHHV1RWKHVRQZKRP\RX
KDGE\WKH0DUFKHVD&RUVLQDULDQGZKRZDVWDNHQIURP\RXDW
ILYH\HDUVRIDJH7KLVVRQLVQDPHG$QGUHD&DYDOFDQWL,Q

729

RUGHUWKDW\RXPD\QRWGRXEWWKHNLQGLQWHQWLRQRIWKH
ZULWHURIWKLVOHWWHU\RXZLOOILQGHQFORVHGDQRUGHUIRU
IUDQFVSD\DEOHLQ)ORUHQFHDW6LJQRU*R]]L
VDOVRD
OHWWHURILQWURGXFWLRQWRWKH&RXQWRI0RQWH&ULVWRRQZKRP
,JLYH\RXDGUDIWRIIUDQFV5HPHPEHUWRJRWRWKH
FRXQWRQWKHWK0D\DWVHYHQR
FORFNLQWKHHYHQLQJ
6LJQHG
$EEH%XVRQL
,WLVWKHVDPH
:KDWGR\RXPHDQ"VDLGWKHPDMRU
,ZDVJRLQJWRVD\WKDW,UHFHLYHGDOHWWHUDOPRVWWRWKH
VDPHHIIHFW
<RX"
<HV
)URPWKH$EEH%XVRQL"
1R
)URPZKRPWKHQ"
)URPDQ(QJOLVKPDQFDOOHG/RUG:LOPRUHZKRWDNHVWKHQDPH
RI6LQEDGWKH6DLORU
$QGRIZKRP\RXKDYHQRPRUHNQRZOHGJHWKDQ,RIWKH$EEH
%XVRQL"
<RXDUHPLVWDNHQWKHUH,DPDKHDGRI\RX
<RXKDYHVHHQKLPWKHQ"
<HVRQFH
:KHUH"
$KWKDWLVMXVWZKDW,FDQQRWWHOO\RXLI,GLG,VKRXOG
PDNH\RXDVZLVHDVP\VHOIZKLFKLWLVQRWP\LQWHQWLRQWR

730

GR
$QGZKDWGLGWKHOHWWHUFRQWDLQ"
5HDGLW
C<RXDUHSRRUDQG\RXUIXWXUHSURVSHFWVDUHGDUNDQG
JORRP\'R\RXZLVKIRUDQDPH"VKRXOG\RXOLNHWREHULFK
DQG\RXURZQPDVWHU"

0DIRLVDLGWKH\RXQJPDQZDVLWSRVVLEOHWKHUHFRXOG
EHWZRDQVZHUVWRVXFKDTXHVWLRQ"
7DNHWKHSRVWFKDLVHZKLFK\RXZLOOILQGZDLWLQJDWWKH
3RUWHGH*HQHVDV\RXHQWHU1LFHSDVVWKURXJK7XULQ
&KDPEHU\DQG3RQWGH%HDXYRLVLQ*RWRWKH&RXQWRI0RQWH
&ULVWR$YHQXHGHV&KDPSV(O\VHHVRQWKHWKRI0D\DW
VHYHQR
FORFNLQWKHHYHQLQJDQGGHPDQGRIKLP\RXUIDWKHU
<RXDUHWKHVRQRIWKH0DUFKHVH&DYDOFDQWLDQGWKH0DUFKHVD
2OLYD&RUVLQDUL7KHPDUTXLVZLOOJLYH\RXVRPHSDSHUVZKLFK
ZLOOFHUWLI\WKLVIDFWDQGDXWKRUL]H\RXWRDSSHDUXQGHU
WKDWQDPHLQWKH3DULVLDQZRUOG$VWR\RXUUDQNDQDQQXDO
LQFRPHRIOLYUHVZLOOHQDEOH\RXWRVXSSRUWLW
DGPLUDEO\,HQFORVHDGUDIWIRUOLYUHVSD\DEOHRQ0
)HUUHDEDQNHUDW1LFHDQGDOVRDOHWWHURILQWURGXFWLRQWR
WKH&RXQWRI0RQWH&ULVWRZKRP,KDYHGLUHFWHGWRVXSSO\
DOO\RXUZDQWV
6LQEDGWKH6DLORU
+XPSKVDLGWKHPDMRUYHU\JRRG<RXKDYHVHHQWKH
FRXQW\RXVD\"
,KDYHRQO\MXVWOHIWKLP
$QGKDVKHFRQIRUPHGWRDOOWKDWWKHOHWWHUVSHFLILHG"
+HKDV
'R\RXXQGHUVWDQGLW"
1RWLQWKHOHDVW
7KHUHLVDGXSHVRPHZKHUH

731

$WDOOHYHQWVLWLVQHLWKHU\RXQRU,
&HUWDLQO\QRW
:HOOWKHQ
:K\LWGRHVQRWPXFKFRQFHUQXVGR\RXWKLQNLWGRHV"
1R,DJUHHZLWK\RXWKHUH:HPXVWSOD\WKHJDPHWRWKH
HQGDQGFRQVHQWWREHEOLQGIROG
$K\RXVKDOOVHH,SURPLVH\RX,ZLOOVXVWDLQP\SDUWWR
DGPLUDWLRQ
,QHYHURQFHGRXEWHG\RXUGRLQJVR0RQWH&ULVWRFKRVH
WKLVPRPHQWIRUUHHQWHULQJWKHGUDZLQJURRP2QKHDULQJWKH
VRXQGRIKLVIRRWVWHSVWKHWZRPHQWKUHZWKHPVHOYHVLQHDFK
RWKHU
VDUPVDQGZKLOHWKH\ZHUHLQWKHPLGVWRIWKLV
HPEUDFHWKHFRXQWHQWHUHG:HOOPDUTXLVVDLG0RQWH
&ULVWR\RXDSSHDUWREHLQQRZD\GLVDSSRLQWHGLQWKHVRQ
ZKRP\RXUJRRGIRUWXQHKDVUHVWRUHGWR\RX
$K\RXUH[FHOOHQF\,DPRYHUZKHOPHGZLWKGHOLJKW
$QGZKDWDUH\RXUIHHOLQJV"VDLG0RQWH&ULVWRWXUQLQJWR
WKH\RXQJPDQ
$VIRUPHP\KHDUWLVRYHUIORZLQJZLWKKDSSLQHVV
+DSS\IDWKHUKDSS\VRQVDLGWKHFRXQW
7KHUHLVRQO\RQHWKLQJZKLFKJULHYHVPHREVHUYHGWKH
PDMRUDQGWKDWLVWKHQHFHVVLW\IRUP\OHDYLQJ3DULVVR
VRRQ
$KP\GHDU0&DYDOFDQWL,WUXVW\RXZLOOQRWOHDYH
EHIRUH,KDYHKDGWKHKRQRURISUHVHQWLQJ\RXWRVRPHRIP\
IULHQGV
,DPDW\RXUVHUYLFHVLUUHSOLHGWKHPDMRU
1RZVLUVDLG0RQWH&ULVWRDGGUHVVLQJ$QGUHDPDNH\RXU
FRQIHVVLRQ

732

7RZKRP"
7HOO0&DYDOFDQWLVRPHWKLQJRIWKHVWDWHRI\RXU
ILQDQFHV
0DIRLPRQVLHXU\RXKDYHWRXFKHGXSRQDWHQGHUFKRUG
'R\RXKHDUZKDWKHVD\VPDMRU"
&HUWDLQO\,GR
%XWGR\RXXQGHUVWDQG"
,GR
<RXUVRQVD\VKHUHTXLUHVPRQH\
:HOOZKDWZRXOG\RXKDYHPHGR"VDLGWKHPDMRU
<RXVKRXOGIXUQLVKKLPZLWKVRPHRIFRXUVHUHSOLHG0RQWH
&ULVWR
,"
<HV\RXVDLGWKHFRXQWDWWKHVDPHWLPHDGYDQFLQJ
WRZDUGV$QGUHDDQGVOLSSLQJDSDFNHWRIEDQNQRWHVLQWRWKH
\RXQJPDQ
VKDQG
:KDWLVWKLV"
,WLVIURP\RXUIDWKHU
)URPP\IDWKHU"
<HVGLG\RXQRWWHOOKLPMXVWQRZWKDW\RXZDQWHGPRQH\"
:HOOWKHQKHGHSXWHVPHWRJLYH\RXWKLV
$P,WRFRQVLGHUWKLVDVSDUWRIP\LQFRPHRQDFFRXQW"
1RLWLVIRUWKHILUVWH[SHQVHVRI\RXUVHWWOLQJLQ
3DULV
$KKRZJRRGP\GHDUIDWKHULV

733

6LOHQFHVDLG0RQWH&ULVWRKHGRHVQRWZLVK\RXWRNQRZ
WKDWLWFRPHVIURPKLP
,IXOO\DSSUHFLDWHKLVGHOLFDF\VDLG$QGUHDFUDPPLQJWKH
QRWHVKDVWLO\LQWRKLVSRFNHW
$QGQRZJHQWOHPHQ,ZLVK\RXJRRGPRUQLQJVDLG0RQWH
&ULVWR
$QGZKHQVKDOOZHKDYHWKHKRQRURIVHHLQJ\RXDJDLQ\RXU
H[FHOOHQF\"DVNHG&DYDOFDQWL
$KVDLG$QGUHDZKHQPD\ZHKRSHIRUWKDWSOHDVXUH"
2Q6DWXUGD\LI\RXZLOO<HV/HWPHVHH6DWXUGD\
,DPWRGLQHDWP\FRXQWU\KRXVHDW$XWHXLORQWKDW
GD\5XHGHOD)RQWDLQH1R6HYHUDOSHUVRQVDUH
LQYLWHGDQGDPRQJRWKHUV0'DQJODUV\RXUEDQNHU,ZLOO
LQWURGXFH\RXWRKLPIRULWZLOOEHQHFHVVDU\KHVKRXOG
NQRZ\RXDVKHLVWRSD\\RXUPRQH\
)XOOGUHVV"VDLGWKHPDMRUKDOIDORXG
2K\HVFHUWDLQO\VDLGWKHFRXQWXQLIRUPFURVV
NQHHEUHHFKHV
$QGKRZVKDOO,EHGUHVVHG"GHPDQGHG$QGUHD
2KYHU\VLPSO\EODFNWURXVHUVSDWHQWOHDWKHUERRWV
ZKLWHZDLVWFRDWHLWKHUDEODFNRUEOXHFRDWDQGDORQJ
FUDYDW*RWR%OLQRU9HURQLTXHIRU\RXUFORWKHV%DSWLVWLQ
ZLOOWHOO\RXZKHUHLI\RXGRQRWNQRZWKHLUDGGUHVV7KH
OHVVSUHWHQVLRQWKHUHLVLQ\RXUDWWLUHWKHEHWWHUZLOOEH
WKHHIIHFWDV\RXDUHDULFKPDQ,I\RXPHDQWREX\DQ\
KRUVHVJHWWKHPRI'HYHGHX[DQGLI\RXSXUFKDVHDSKDHWRQ
JRWR%DSWLVWHIRULW
$WZKDWKRXUVKDOOZHFRPH"DVNHGWKH\RXQJPDQ
$ERXWKDOISDVWVL[
:HZLOOEHZLWK\RXDWWKDWWLPHVDLGWKHPDMRU7KHWZR
&DYDOFDQWLERZHGWRWKHFRXQWDQGOHIWWKHKRXVH0RQWH

734

&ULVWRZHQWWRWKHZLQGRZDQGVDZWKHPFURVVLQJWKHVWUHHW
DUPLQDUP7KHUHJRWZRPLVFUHDQWVVDLGKHLWLVD
SLW\WKH\DUHQRWUHDOO\UHODWHGWKHQDIWHUDQLQVWDQW
RIJORRP\UHIOHFWLRQ&RPH,ZLOOJRWRVHHWKH0RUUHOV
VDLGKH,WKLQNWKDWGLVJXVWLVHYHQPRUHVLFNHQLQJWKDQ
KDWUHG

&KDSWHU
,QWKH/XFHUQH3DWFK
2XUUHDGHUVPXVWQRZDOORZXVWRWUDQVSRUWWKHPDJDLQWRWKH
HQFORVXUHVXUURXQGLQJ0GH9LOOHIRUW
VKRXVHDQGEHKLQG
WKHJDWHKDOIVFUHHQHGIURPYLHZE\WKHODUJH
FKHVWQXWWUHHVZKLFKRQDOOVLGHVVSUHDGWKHLUOX[XULDQW
EUDQFKHVZHVKDOOILQGVRPHSHRSOHRIRXUDFTXDLQWDQFH
7KLVWLPH0D[LPLOLDQZDVWKHILUVWWRDUULYH+HZDV
LQWHQWO\ZDWFKLQJIRUDVKDGRZWRDSSHDUDPRQJWKHWUHHV
DQGDZDLWLQJZLWKDQ[LHW\WKHVRXQGRIDOLJKWVWHSRQWKH
JUDYHOZDON$WOHQJWKWKHORQJGHVLUHGVRXQGZDVKHDUG
DQGLQVWHDGRIRQHILJXUHDVKHKDGH[SHFWHGKHSHUFHLYHG
WKDWWZRZHUHDSSURDFKLQJKLP7KHGHOD\KDGEHHQRFFDVLRQHG
E\DYLVLWIURP0DGDPH'DQJODUVDQG(XJHQLHZKLFKKDGEHHQ
SURORQJHGEH\RQGWKHWLPHDWZKLFK9DOHQWLQHZDVH[SHFWHG
7KDWVKHPLJKWQRWDSSHDUWRIDLOLQKHUSURPLVHWR
0D[LPLOLDQVKHSURSRVHGWR0DGHPRLVHOOH'DQJODUVWKDWWKH\
VKRXOGWDNHDZDONLQWKHJDUGHQEHLQJDQ[LRXVWRVKRZWKDW
WKHGHOD\ZKLFKZDVGRXEWOHVVDFDXVHRIYH[DWLRQWRKLP
ZDVQRWRFFDVLRQHGE\DQ\QHJOHFWRQKHUSDUW7KH\RXQJ
PDQZLWKWKHLQWXLWLYHSHUFHSWLRQRIDORYHUTXLFNO\
XQGHUVWRRGWKHFLUFXPVWDQFHVLQZKLFKVKHZDVLQYROXQWDULO\
SODFHGDQGKHZDVFRPIRUWHG%HVLGHVDOWKRXJKVKHDYRLGHG
FRPLQJZLWKLQVSHDNLQJGLVWDQFH9DOHQWLQHDUUDQJHGVRWKDW
0D[LPLOLDQFRXOGVHHKHUSDVVDQGUHSDVVDQGHDFKWLPHVKH
ZHQWE\VKHPDQDJHGXQSHUFHLYHGE\KHUFRPSDQLRQWRFDVW
DQH[SUHVVLYHORRNDWWKH\RXQJPDQZKLFKVHHPHGWRVD\
+DYHSDWLHQFH<RXVHHLWLVQRWP\IDXOW$QG0D[LPLOLDQ
ZDVSDWLHQWDQGHPSOR\HGKLPVHOILQPHQWDOO\FRQWUDVWLQJ
WKHWZRJLUOVRQHIDLUZLWKVRIWODQJXLVKLQJH\HVD
ILJXUHJUDFHIXOO\EHQGLQJOLNHDZHHSLQJZLOORZWKHRWKHUD
EUXQHWWHZLWKDILHUFHDQGKDXJKW\H[SUHVVLRQDQGDV
VWUDLJKWDVDSRSODU,WLVXQQHFHVVDU\WRVWDWHWKDWLQ
WKHH\HVRIWKH\RXQJPDQ9DOHQWLQHGLGQRWVXIIHUE\WKH

735

FRQWUDVW,QDERXWKDOIDQKRXUWKHJLUOVZHQWDZD\DQG
0D[LPLOLDQXQGHUVWRRGWKDW0DGHPRLVHOOH'DQJODUV
YLVLWKDG
DWODVWFRPHWRDQHQG,QDIHZPLQXWHV9DOHQWLQH
UHHQWHUHGWKHJDUGHQDORQH)RUIHDUWKDWDQ\RQHVKRXOGEH
REVHUYLQJKHUUHWXUQVKHZDONHGVORZO\DQGLQVWHDGRI
LPPHGLDWHO\GLUHFWLQJKHUVWHSVWRZDUGVWKHJDWHVKHVHDWHG
KHUVHOIRQDEHQFKDQGFDUHIXOO\FDVWLQJKHUH\HVDURXQG
WRFRQYLQFHKHUVHOIWKDWVKHZDVQRWZDWFKHGVKHSUHVHQWO\
DURVHDQGSURFHHGHGTXLFNO\WRMRLQ0D[LPLOLDQ
*RRGHYHQLQJ9DOHQWLQHVDLGDZHOONQRZQYRLFH
*RRGHYHQLQJ0D[LPLOLDQ,NQRZ,KDYHNHSW\RXZDLWLQJ
EXW\RXVDZWKHFDXVHRIP\GHOD\
<HV,UHFRJQL]HG0DGHPRLVHOOH'DQJODUV,ZDVQRWDZDUH
WKDW\RXZHUHVRLQWLPDWHZLWKKHU
:KRWROG\RXZHZHUHLQWLPDWH0D[LPLOLDQ"
1RRQHEXW\RXDSSHDUHGWREHVR)URPWKHPDQQHULQZKLFK
\RXZDONHGDQGWDONHGWRJHWKHURQHZRXOGKDYHWKRXJKW\RX
ZHUHWZRVFKRROJLUOVWHOOLQJ\RXUVHFUHWVWRHDFKRWKHU
:HZHUHKDYLQJDFRQILGHQWLDOFRQYHUVDWLRQUHWXUQHG
9DOHQWLQHVKHZDVRZQLQJWRPHKHUUHSXJQDQFHWRWKH
PDUULDJHZLWK0GH0RUFHUIDQG,RQWKHRWKHUKDQGZDV
FRQIHVVLQJWRKHUKRZZUHWFKHGLWPDGHPHWRWKLQNRI
PDUU\LQJ0G
(SLQD\
'HDU9DOHQWLQH
7KDWZLOODFFRXQWWR\RXIRUWKHXQUHVHUYHGPDQQHUZKLFK
\RXREVHUYHGEHWZHHQPHDQG(XJHQLHDVLQVSHDNLQJRIWKH
PDQZKRP,FRXOGQRWORYHP\WKRXJKWVLQYROXQWDULO\
UHYHUWHGWRKLPRQZKRPP\DIIHFWLRQVZHUHIL[HG
$KKRZJRRG\RXDUHWRVD\VR9DOHQWLQH<RXSRVVHVVD
TXDOLW\ZKLFKFDQQHYHUEHORQJWR0DGHPRLVHOOH'DQJODUV,W
LVWKDWLQGHILQDEOHFKDUPZKLFKLVWRDZRPDQZKDWSHUIXPH
LVWRWKHIORZHUDQGIODYRUWRWKHIUXLWIRUWKHEHDXW\RI
HLWKHULVQRWWKHRQO\TXDOLW\ZHVHHN
,WLV\RXUORYHZKLFKPDNHV\RXORRNXSRQHYHU\WKLQJLQ

736

WKDWOLJKW
1R9DOHQWLQH,DVVXUH\RXVXFKLVQRWWKHFDVH,ZDV
REVHUYLQJ\RXERWKZKHQ\RXZHUHZDONLQJLQWKHJDUGHQDQG
RQP\KRQRUZLWKRXWDWDOOZLVKLQJWRGHSUHFLDWHWKHEHDXW\
RI0DGHPRLVHOOH'DQJODUV,FDQQRWXQGHUVWDQGKRZDQ\PDQ
FDQUHDOO\ORYHKHU
7KHIDFWLV0D[LPLOLDQWKDW,ZDVWKHUHDQGP\SUHVHQFH
KDGWKHHIIHFWRIUHQGHULQJ\RXXQMXVWLQ\RXUFRPSDULVRQ
1REXWWHOOPHLWLVDTXHVWLRQRIVLPSOHFXULRVLW\
DQGZKLFKZDVVXJJHVWHGE\FHUWDLQLGHDVSDVVLQJLQP\PLQG
UHODWLYHWR0DGHPRLVHOOH'DQJODUV
,GDUHVD\LWLVVRPHWKLQJGLVSDUDJLQJZKLFK\RXDUHJRLQJ
WRVD\,WRQO\SURYHVKRZOLWWOHLQGXOJHQFHZHPD\H[SHFW
IURP\RXUVH[LQWHUUXSWHG9DOHQWLQH
<RXFDQQRWDWOHDVWGHQ\WKDW\RXDUHYHU\KDUVKMXGJHV
RIHDFKRWKHU
,IZHDUHVRLWLVEHFDXVHZHJHQHUDOO\MXGJHXQGHUWKH
LQIOXHQFHRIH[FLWHPHQW%XWUHWXUQWR\RXUTXHVWLRQ
'RHV0DGHPRLVHOOH'DQJODUVREMHFWWRWKLVPDUULDJHZLWK0
GH0RUFHUIRQDFFRXQWRIORYLQJDQRWKHU"
,WROG\RX,ZDVQRWRQWHUPVRIVWULFWLQWLPDF\ZLWK
(XJHQLH
<HVEXWJLUOVWHOOHDFKRWKHUVHFUHWVZLWKRXWEHLQJ
SDUWLFXODUO\LQWLPDWHRZQQRZWKDW\RXGLGTXHVWLRQKHU
RQWKHVXEMHFW$K,VHH\RXDUHVPLOLQJ
,I\RXDUHDOUHDG\DZDUHRIWKHFRQYHUVDWLRQWKDWSDVVHG
WKHZRRGHQSDUWLWLRQZKLFKLQWHUSRVHGEHWZHHQXVDQG\RXKDV
SURYHGEXWDVOLJKWVHFXULW\
&RPHZKDWGLGVKHVD\"
6KHWROGPHWKDWVKHORYHGQRRQHVDLG9DOHQWLQHWKDW
VKHGLVOLNHGWKHLGHDRIEHLQJPDUULHGWKDWVKHZRXOG
LQILQLWHO\SUHIHUOHDGLQJDQLQGHSHQGHQWDQGXQIHWWHUHG

737

OLIHDQGWKDWVKHDOPRVWZLVKHGKHUIDWKHUPLJKWORVHKLV
IRUWXQHWKDWVKHPLJKWEHFRPHDQDUWLVWOLNHKHUIULHQG
0DGHPRLVHOOH/RXLVHG
$UPLOO\
$K\RXVHH
:HOOZKDWGRHVWKDWSURYH"DVNHG9DOHQWLQH
1RWKLQJUHSOLHG0D[LPLOLDQ
7KHQZK\GLG\RXVPLOH"
:K\\RXNQRZYHU\ZHOOWKDW\RXDUHUHIOHFWLQJRQ
\RXUVHOI9DOHQWLQH
'R\RXZDQWPHWRJRDZD\"
$KQRQR%XWGRQRWOHWXVORVHWLPH\RXDUHWKH
VXEMHFWRQZKLFK,ZLVKWRVSHDN
7UXHZHPXVWEHTXLFNIRUZHKDYHVFDUFHO\WHQPLQXWHV
PRUHWRSDVVWRJHWKHU
0DIRLVDLG0D[LPLOLDQLQFRQVWHUQDWLRQ
<HV\RXDUHULJKW,DPEXWDSRRUIULHQGWR\RX:KDWD
OLIH,FDXVH\RXWROHDGSRRU0D[LPLOLDQ\RXZKRDUH
IRUPHGIRUKDSSLQHVV,ELWWHUO\UHSURDFKP\VHOI,DVVXUH
\RX
:HOOZKDWGRHVLWVLJQLI\9DOHQWLQHVRORQJDV,DP
VDWLVILHGDQGIHHOWKDWHYHQWKLVORQJDQGSDLQIXOVXVSHQVH
LVDPSO\UHSDLGE\ILYHPLQXWHVRI\RXUVRFLHW\RUWZR
ZRUGVIURP\RXUOLSV"$QG,KDYHDOVRDGHHSFRQYLFWLRQWKDW
KHDYHQZRXOGQRWKDYHFUHDWHGWZRKHDUWVKDUPRQL]LQJDV
RXUVGRDQGDOPRVWPLUDFXORXVO\EURXJKWXVWRJHWKHUWR
VHSDUDWHXVDWODVW
7KRVHDUHNLQGDQGFKHHULQJZRUGV<RXPXVWKRSHIRUXV
ERWK0D[LPLOLDQWKDWZLOOPDNHPHDWOHDVWSDUWO\KDSS\
%XWZK\PXVW\RXOHDYHPHVRVRRQ"
,GRQRWNQRZSDUWLFXODUV,FDQRQO\WHOO\RXWKDW0DGDPH

738

GH9LOOHIRUWVHQWWRUHTXHVWP\SUHVHQFHDVVKHKDGD
FRPPXQLFDWLRQWRPDNHRQZKLFKDSDUWRIP\IRUWXQH
GHSHQGHG/HWWKHPWDNHP\IRUWXQH,DPDOUHDG\WRRULFK
DQGSHUKDSVZKHQWKH\KDYHWDNHQLWWKH\ZLOOOHDYHPHLQ
SHDFHDQGTXLHWQHVV<RXZRXOGORYHPHDVPXFKLI,ZHUH
SRRUZRXOG\RXQRW0D[LPLOLDQ"
2K,VKDOODOZD\VORYH\RX:KDWVKRXOG,FDUHIRUHLWKHU
ULFKHVRUSRYHUW\LIP\9DOHQWLQHZDVQHDUPHDQG,IHOW
FHUWDLQWKDWQRRQHFRXOGGHSULYHPHRIKHU"%XWGR\RXQRW
IHDUWKDWWKLVFRPPXQLFDWLRQPD\UHODWHWR\RXUPDUULDJH"
,GRQRWWKLQNWKDWLVWKHFDVH
+RZHYHULWPD\EH9DOHQWLQH\RXPXVWQRWEHDODUPHG,
DVVXUH\RXWKDWDVORQJDV,OLYH,VKDOOQHYHUORYHDQ\
RQHHOVH
<RXWKLQNWRUHDVVXUHPHZKHQ\RXVD\WKDW0D[LPLOLDQ
3DUGRQPH\RXDUHULJKW,DPDEUXWH%XW,ZDVJRLQJWR
WHOO\RXWKDW,PHW0GH0RUFHUIWKHRWKHUGD\
:HOO"
0RQVLHXU)UDQ]LVKLVIULHQG\RXNQRZ
:KDWWKHQ"
0RQVLHXUGH0RUFHUIKDVUHFHLYHGDOHWWHUIURP)UDQ]
DQQRXQFLQJKLVLPPHGLDWHUHWXUQ9DOHQWLQHWXUQHGSDOHDQG
OHDQHGKHUKDQGDJDLQVWWKHJDWH$KKHDYHQVLILWZHUH
WKDW%XWQRWKHFRPPXQLFDWLRQZRXOGQRWFRPHWKURXJK
0DGDPHGH9LOOHIRUW
:K\QRW"
%HFDXVH,VFDUFHO\NQRZZK\EXWLWKDVDSSHDUHGDVLI
0DGDPHGH9LOOHIRUWVHFUHWO\REMHFWHGWRWKHPDUULDJH
DOWKRXJKVKHGLGQRWFKRRVHRSHQO\WRRSSRVHLW
,VLWVR"7KHQ,IHHODVLI,FRXOGDGRUH0DGDPHGH
9LOOHIRUW

739

'RQRWEHLQVXFKDKXUU\WRGRWKDWVDLG9DOHQWLQHZLWK
DVDGVPLOH
,IVKHREMHFWVWR\RXUPDUU\LQJ0G
(SLQD\VKHZRXOGEH
DOOWKHPRUHOLNHO\WROLVWHQWRDQ\RWKHUSURSRVLWLRQ
1R0D[LPLOLDQLWLVQRWVXLWRUVWRZKLFK0DGDPHGH
9LOOHIRUWREMHFWVLWLVPDUULDJHLWVHOI
0DUULDJH",IVKHGLVOLNHVWKDWVRPXFKZK\GLGVKHHYHU
PDUU\KHUVHOI"
<RXGRQRWXQGHUVWDQGPH0D[LPLOLDQ$ERXWD\HDUDJR,
WDONHGRIUHWLULQJWRDFRQYHQW0DGDPHGH9LOOHIRUWLQ
VSLWHRIDOOWKHUHPDUNVZKLFKVKHFRQVLGHUHGLWKHUGXW\WR
PDNHVHFUHWO\DSSURYHGRIWKHSURSRVLWLRQP\IDWKHU
FRQVHQWHGWRLWDWKHULQVWLJDWLRQDQGLWZDVRQO\RQ
DFFRXQWRIP\SRRUJUDQGIDWKHUWKDW,ILQDOO\DEDQGRQHGWKH
SURMHFW<RXFDQIRUPQRLGHDRIWKHH[SUHVVLRQRIWKDWROG
PDQ
VH\HZKHQKHORRNVDWPHWKHRQO\SHUVRQLQWKHZRUOG
ZKRPKHORYHVDQG,KDGDOPRVWVDLGE\ZKRPKHLVEHORYHG
LQUHWXUQ:KHQKHOHDUQHGP\UHVROXWLRQ,VKDOOQHYHU
IRUJHWWKHUHSURDFKIXOORRNZKLFKKHFDVWRQPHDQGWKH
WHDUVRIXWWHUGHVSDLUZKLFKFKDVHGHDFKRWKHUGRZQKLV
OLIHOHVVFKHHNV$K0D[LPLOLDQ,H[SHULHQFHGDWWKDW
PRPHQWVXFKUHPRUVHIRUP\LQWHQWLRQWKDWWKURZLQJP\VHOI
DWKLVIHHW,H[FODLPHGC)RUJLYHPHSUD\IRUJLYHPH
P\GHDUJUDQGIDWKHUWKH\PD\GRZKDWWKH\ZLOOZLWKPH,
ZLOOQHYHUOHDYH\RX
:KHQ,KDGFHDVHGVSHDNLQJKH
WKDQNIXOO\UDLVHGKLVH\HVWRKHDYHQEXWZLWKRXWXWWHULQJD
ZRUG$K0D[LPLOLDQ,PD\KDYHPXFKWRVXIIHUEXW,IHHO
DVLIP\JUDQGIDWKHU
VORRNDWWKDWPRPHQWZRXOGPRUHWKDQ
FRPSHQVDWHIRUDOO
'HDU9DOHQWLQH\RXDUHDSHUIHFWDQJHODQG,DPVXUH,GR
QRWNQRZZKDW,VDEULQJULJKWDQGOHIWDPRQJWKH%HGRXLQV
FDQKDYHGRQHWRPHULW\RXUEHLQJUHYHDOHGWRPHXQOHVV
LQGHHGKHDYHQWRRNLQWRFRQVLGHUDWLRQWKHIDFWWKDWWKH
YLFWLPVRIP\VZRUGZHUHLQILGHOV%XWWHOOPHZKDWLQWHUHVW
0DGDPHGH9LOOHIRUWFDQKDYHLQ\RXUUHPDLQLQJXQPDUULHG"
'LG,QRWWHOO\RXMXVWQRZWKDW,ZDVULFK0D[LPLOLDQ
WRRULFK",SRVVHVVQHDUO\OLYUHVLQULJKWRIP\
PRWKHUP\JUDQGIDWKHUDQGP\JUDQGPRWKHUWKH0DUTXLVDQG

740

0DUTXLVHGH6DLQW0HUDQZLOOOHDYHPHDVPXFKDQG0
1RLUWLHUHYLGHQWO\LQWHQGVPDNLQJPHKLVKHLU0\EURWKHU
(GZDUGZKRLQKHULWVQRWKLQJIURPKLVPRWKHUZLOO
WKHUHIRUHEHSRRULQFRPSDULVRQZLWKPH1RZLI,KDG
WDNHQWKHYHLODOOWKLVIRUWXQHZRXOGKDYHGHVFHQGHGWRP\
IDWKHUDQGLQUHYHUVLRQWRKLVVRQ
$KKRZVWUDQJHLWVHHPVWKDWVXFKD\RXQJDQGEHDXWLIXO
ZRPDQVKRXOGEHVRDYDULFLRXV
,WLVQRWIRUKHUVHOIWKDWVKHLVVREXWIRUKHUVRQDQG
ZKDW\RXUHJDUGDVDYLFHEHFRPHVDOPRVWDYLUWXHZKHQ
ORRNHGDWLQWKHOLJKWRIPDWHUQDOORYH
%XWFRXOG\RXQRWFRPSURPLVHPDWWHUVDQGJLYHXSDSRUWLRQ
RI\RXUIRUWXQHWRKHUVRQ"
+RZFRXOG,PDNHVXFKDSURSRVLWLRQHVSHFLDOO\WRDZRPDQ
ZKRDOZD\VSURIHVVHVWREHVRHQWLUHO\GLVLQWHUHVWHG"
9DOHQWLQH,KDYHDOZD\VUHJDUGHGRXUORYHLQWKHOLJKWRI
VRPHWKLQJVDFUHGFRQVHTXHQWO\,KDYHFRYHUHGLWZLWKWKH
YHLORIUHVSHFWDQGKLGLWLQWKHLQQHUPRVWUHFHVVHVRIP\
VRXO1RKXPDQEHLQJQRWHYHQP\VLVWHULVDZDUHRILWV
H[LVWHQFH9DOHQWLQHZLOO\RXSHUPLWPHWRPDNHDFRQILGDQW
RIDIULHQGDQGUHYHDOWRKLPWKHORYH,EHDU\RX"
9DOHQWLQHVWDUWHG$IULHQG0D[LPLOLDQDQGZKRLVWKLV
IULHQG",WUHPEOHWRJLYHP\SHUPLVVLRQ
/LVWHQ9DOHQWLQH+DYH\RXQHYHUH[SHULHQFHGIRUDQ\RQH
WKDWVXGGHQDQGLUUHVLVWLEOHV\PSDWK\ZKLFKPDGH\RXIHHODV
LIWKHREMHFWRILWKDGEHHQ\RXUROGDQGIDPLOLDUIULHQG
WKRXJKLQUHDOLW\LWZDVWKHILUVWWLPH\RXKDGHYHUPHW"
1D\IXUWKHUKDYH\RXQHYHUHQGHDYRUHGWRUHFDOOWKHWLPH
SODFHDQGFLUFXPVWDQFHVRI\RXUIRUPHULQWHUFRXUVHDQG
IDLOLQJLQWKLVDWWHPSWKDYHDOPRVWEHOLHYHGWKDW\RXU
VSLULWVPXVWKDYHKHOGFRQYHUVHZLWKHDFKRWKHULQVRPH
VWDWHRIEHLQJDQWHULRUWRWKHSUHVHQWDQGWKDW\RXDUH
RQO\QRZRFFXSLHGLQDUHPLQLVFHQFHRIWKHSDVW"
<HV
:HOOWKDWLVSUHFLVHO\WKHIHHOLQJZKLFK,H[SHULHQFHG

741

ZKHQ,ILUVWVDZWKDWH[WUDRUGLQDU\PDQ
([WUDRUGLQDU\GLG\RXVD\"
<HV
<RXKDYHNQRZQKLPIRUVRPHWLPHWKHQ"
6FDUFHO\ORQJHUWKDQHLJKWRUWHQGD\V
$QGGR\RXFDOODPDQ\RXUIULHQGZKRP\RXKDYHRQO\NQRZQ
IRUHLJKWRUWHQGD\V"$K0D[LPLOLDQ,KDGKRSHG\RXVHWD
KLJKHUYDOXHRQWKHWLWOHRIIULHQG
<RXUORJLFLVPRVWSRZHUIXO9DOHQWLQHEXWVD\ZKDW\RX
ZLOO,FDQQHYHUUHQRXQFHWKHVHQWLPHQWZKLFKKDV
LQVWLQFWLYHO\WDNHQSRVVHVVLRQRIP\PLQG,IHHODVLILW
ZHUHRUGDLQHGWKDWWKLVPDQVKRXOGEHDVVRFLDWHGZLWKDOO
WKHJRRGZKLFKWKHIXWXUHPD\KDYHLQVWRUHIRUPHDQG
VRPHWLPHVLWUHDOO\VHHPVDVLIKLVH\HZDVDEOHWRVHHZKDW
ZDVWRFRPHDQGKLVKDQGHQGRZHGZLWKWKHSRZHURI
GLUHFWLQJHYHQWVDFFRUGLQJWRKLVRZQZLOO
+HPXVWEHDSURSKHWWKHQVDLG9DOHQWLQHVPLOLQJ
,QGHHGVDLG0D[LPLOLDQ,KDYHRIWHQEHHQDOPRVWWHPSWHG
WRDWWULEXWHWRKLPWKHJLIWRISURSKHF\DWDOOHYHQWVKH
KDVDZRQGHUIXOSRZHURIIRUHWHOOLQJDQ\IXWXUHJRRG
$KVDLG9DOHQWLQHLQDPRXUQIXOWRQHGROHWPHVHHWKLV
PDQ0D[LPLOLDQKHPD\WHOOPHZKHWKHU,VKDOOHYHUEH
ORYHGVXIILFLHQWO\WRPDNHDPHQGVIRUDOO,KDYHVXIIHUHG
0\SRRUJLUO\RXNQRZKLPDOUHDG\
,NQRZKLP"
<HVLWZDVKHZKRVDYHGWKHOLIHRI\RXUVWHSPRWKHUDQG
KHUVRQ
7KH&RXQWRI0RQWH&ULVWR"
7KHVDPH

742

$KFULHG9DOHQWLQHKHLVWRRPXFKWKHIULHQGRI0DGDPH
GH9LOOHIRUWHYHUWREHPLQH
7KHIULHQGRI0DGDPHGH9LOOHIRUW,WFDQQRWEHVXUHO\
9DOHQWLQH\RXDUHPLVWDNHQ"
1RLQGHHG,DPQRWIRU,DVVXUH\RXKLVSRZHURYHURXU
KRXVHKROGLVDOPRVWXQOLPLWHG&RXUWHGE\P\VWHSPRWKHU
ZKRUHJDUGVKLPDVWKHHSLWRPHRIKXPDQZLVGRPDGPLUHGE\
P\IDWKHUZKRVD\VKHKDVQHYHUEHIRUHKHDUGVXFKVXEOLPH
LGHDVVRHORTXHQWO\H[SUHVVHGLGROL]HGE\(GZDUGZKR
QRWZLWKVWDQGLQJKLVIHDURIWKHFRXQW
VODUJHEODFNH\HV
UXQVWRPHHWKLPWKHPRPHQWKHDUULYHVDQGRSHQVKLVKDQG
LQZKLFKKHLVVXUHWRILQGVRPHGHOLJKWIXOSUHVHQW0
GH0RQWH&ULVWRDSSHDUVWRH[HUWDP\VWHULRXVDQGDOPRVW
XQFRQWUROODEOHLQIOXHQFHRYHUDOOWKHPHPEHUVRIRXU
IDPLO\
,IVXFKEHWKHFDVHP\GHDU9DOHQWLQH\RXPXVW\RXUVHOI
KDYHIHOWRUDWDOOHYHQWVZLOOVRRQIHHOWKHHIIHFWVRI
KLVSUHVHQFH+HPHHWV$OEHUWGH0RUFHUILQ,WDO\LWLV
WRUHVFXHKLPIURPWKHKDQGVRIWKHEDQGLWWLKHLQWURGXFHV
KLPVHOIWR0DGDPH'DQJODUVLWLVWKDWKHPD\JLYHKHUD
UR\DOSUHVHQW\RXUVWHSPRWKHUDQGKHUVRQSDVVEHIRUHKLV
GRRULWLVWKDWKLV1XELDQPD\VDYHWKHPIURP
GHVWUXFWLRQ7KLVPDQHYLGHQWO\SRVVHVVHVWKHSRZHURI
LQIOXHQFLQJHYHQWVERWKDVUHJDUGVPHQDQGWKLQJV,QHYHU
VDZPRUHVLPSOHWDVWHVXQLWHGWRJUHDWHUPDJQLILFHQFH+LV
VPLOHLVVRVZHHWZKHQKHDGGUHVVHVPHWKDW,IRUJHWLW
HYHUFDQEHELWWHUWRRWKHUV$K9DOHQWLQHWHOOPHLIKH
HYHUORRNHGRQ\RXZLWKRQHRIWKRVHVZHHWVPLOHV"LIVR
GHSHQGRQLW\RXZLOOEHKDSS\
0H"VDLGWKH\RXQJJLUOKHQHYHUHYHQJODQFHVDWPHRQ
WKHFRQWUDU\LI,DFFLGHQWDOO\FURVVKLVSDWKKHDSSHDUV
UDWKHUWRDYRLGPH$KKHLVQRWJHQHURXVQHLWKHUGRHVKH
SRVVHVVWKDWVXSHUQDWXUDOSHQHWUDWLRQZKLFK\RXDWWULEXWHWR
KLPIRULIKHGLGKHZRXOGKDYHSHUFHLYHGWKDW,ZDV
XQKDSS\DQGLIKHKDGEHHQJHQHURXVVHHLQJPHVDGDQG
VROLWDU\KHZRXOGKDYHXVHGKLVLQIOXHQFHWRP\DGYDQWDJH
DQGVLQFHDV\RXVD\KHUHVHPEOHVWKHVXQKHZRXOGKDYH
ZDUPHGP\KHDUWZLWKRQHRIKLVOLIHJLYLQJUD\V<RXVD\KH
ORYHV\RX0D[LPLOLDQKRZGR\RXNQRZWKDWKHGRHV"$OO
ZRXOGSD\GHIHUHQFHWRDQRIILFHUOLNH\RXZLWKDILHUFH

743

PXVWDFKHDQGDORQJVDEUHEXWWKH\WKLQNWKH\PD\FUXVKD
SRRUZHHSLQJJLUOZLWKLPSXQLW\
$K9DOHQWLQH,DVVXUH\RX\RXDUHPLVWDNHQ
,ILWZHUHRWKHUZLVHLIKHWUHDWHGPHGLSORPDWLFDOO\
WKDWLVWRVD\OLNHDPDQZKRZLVKHVE\VRPHPHDQVRU
RWKHUWRREWDLQDIRRWLQJLQWKHKRXVHVRWKDWKHPD\
XOWLPDWHO\JDLQWKHSRZHURIGLFWDWLQJWRLWVRFFXSDQWV
KHZRXOGLILWKDGEHHQEXWRQFHKDYHKRQRUHGPHZLWKWKH
VPLOHZKLFK\RXH[WROVRORXGO\EXWQRKHVDZWKDW,ZDV
XQKDSS\KHXQGHUVWRRGWKDW,FRXOGEHRIQRXVHWRKLPDQG
WKHUHIRUHSDLGQRDWWHQWLRQWRPHZKDWHYHU:KRNQRZVEXW
WKDWLQRUGHUWRSOHDVH0DGDPHGH9LOOHIRUWDQGP\IDWKHU
KHPD\QRWSHUVHFXWHPHE\HYHU\PHDQVLQKLVSRZHU",WLV
QRWMXVWWKDWKHVKRXOGGHVSLVHPHVRZLWKRXWDQ\UHDVRQ
$KIRUJLYHPHVDLG9DOHQWLQHSHUFHLYLQJWKHHIIHFWZKLFK
KHUZRUGVZHUHSURGXFLQJRQ0D[LPLOLDQ,KDYHGRQHZURQJ
IRU,KDYHJLYHQXWWHUDQFHWRWKRXJKWVFRQFHUQLQJWKDWPDQ
ZKLFK,GLGQRWHYHQNQRZH[LVWHGLQP\KHDUW,GRQRWGHQ\
WKHLQIOXHQFHRIZKLFK\RXVSHDNRUWKDW,KDYHQRWP\VHOI
H[SHULHQFHGLWEXWZLWKPHLWKDVEHHQSURGXFWLYHRIHYLO
UDWKHUWKDQJRRG
:HOO9DOHQWLQHVDLG0RUUHOZLWKDVLJKZHZLOOQRW
GLVFXVVWKHPDWWHUIXUWKHU,ZLOOQRWPDNHDFRQILGDQWRI
KLP
$ODVVDLG9DOHQWLQH,VHHWKDW,KDYHJLYHQ\RXSDLQ,
FDQRQO\VD\KRZVLQFHUHO\,DVNSDUGRQIRUKDYLQJJULHIHG
\RX%XWLQGHHG,DPQRWSUHMXGLFHGEH\RQGWKHSRZHURI
FRQYLFWLRQ7HOOPHZKDWWKLV&RXQWRI0RQWH&ULVWRKDVGRQH
IRU\RX
,RZQWKDW\RXUTXHVWLRQHPEDUUDVVHVPH9DOHQWLQHIRU,
FDQQRWVD\WKDWWKHFRXQWKDVUHQGHUHGPHDQ\RVWHQVLEOH
VHUYLFH6WLOODV,KDYHDOUHDG\WROG\RX,KDYHDQ
LQVWLQFWLYHDIIHFWLRQIRUKLPWKHVRXUFHRIZKLFK,FDQQRW
H[SODLQWR\RX+DVWKHVXQGRQHDQ\WKLQJIRUPH"1RKH
ZDUPVPHZLWKKLVUD\VDQGLWLVE\KLVOLJKWWKDW,VHH
\RXQRWKLQJPRUH+DVVXFKDQGVXFKDSHUIXPHGRQH
DQ\WKLQJIRUPH"1RLWVRGRUFKDUPVRQHRIP\VHQVHV
WKDWLVDOO,FDQVD\ZKHQ,DPDVNHGZK\,SUDLVHLW0\
IULHQGVKLSIRUKLPLVDVVWUDQJHDQGXQDFFRXQWDEOHDVKLV

744

IRUPH$VHFUHWYRLFHVHHPVWRZKLVSHUWRPHWKDWWKHUH
PXVWEHVRPHWKLQJPRUHWKDQFKDQFHLQWKLVXQH[SHFWHG
UHFLSURFLW\RIIULHQGVKLS,QKLVPRVWVLPSOHDFWLRQVDV
ZHOODVLQKLVPRVWVHFUHWWKRXJKWV,ILQGDUHODWLRQWRP\
RZQ<RXZLOOSHUKDSVVPLOHDWPHZKHQ,WHOO\RXWKDWHYHU
VLQFH,KDYHNQRZQWKLVPDQ,KDYHLQYROXQWDULO\
HQWHUWDLQHGWKHLGHDWKDWDOOWKHJRRGIRUWXQHZKLFKKLV
EHIDOOHQPHRULJLQDWHGIURPKLP+RZHYHU,KDYHPDQDJHGWR
OLYHWKLUW\\HDUVZLWKRXWWKLVSURWHFWLRQ\RXZLOOVD\EXW
,ZLOOHQGHDYRUDOLWWOHWRLOOXVWUDWHP\PHDQLQJ+H
LQYLWHGPHWRGLQHZLWKKLPRQ6DWXUGD\ZKLFKZDVDYHU\
QDWXUDOWKLQJIRUKLPWRGR:HOOZKDWKDYH,OHDUQHG
VLQFH"7KDW\RXUPRWKHUDQG0GH9LOOHIRUWDUHERWKFRPLQJ
WRWKLVGLQQHU,VKDOOPHHWWKHPWKHUHDQGZKRNQRZVZKDW
IXWXUHDGYDQWDJHVPD\UHVXOWIURPWKHLQWHUYLHZ"7KLVPD\
DSSHDUWR\RXWREHQRXQXVXDOFRPELQDWLRQRIFLUFXPVWDQFHV
QHYHUWKHOHVV,SHUFHLYHVRPHKLGGHQSORWLQWKHDUUDQJHPHQW
VRPHWKLQJLQIDFWPRUHWKDQLVDSSDUHQWRQDFDVXDO
YLHZRIWKHVXEMHFW,EHOLHYHWKDWWKLVVLQJXODUPDQZKR
DSSHDUVWRIDWKRPWKHPRWLYHVRIHYHU\RQHKDVSXUSRVHO\
DUUDQJHGIRUPHWRPHHW0DQG0DGDPHGH9LOOHIRUWDQG
VRPHWLPHV,FRQIHVV,KDYHJRQHVRIDUDVWRWU\WRUHDG
LQKLVH\HVZKHWKHUKHZDVLQSRVVHVVLRQRIWKHVHFUHWRI
RXUORYH
0\JRRGIULHQGVDLG9DOHQWLQH,VKRXOGWDNH\RXIRUD
YLVLRQDU\DQGVKRXOGWUHPEOHIRU\RXUUHDVRQLI,ZHUH
DOZD\VWRKHDU\RXWDONLQDVWUDLQVLPLODUWRWKLV,VLW
SRVVLEOHWKDW\RXFDQVHHDQ\WKLQJPRUHWKDQWKHPHUHVW
FKDQFHLQWKLVPHHWLQJ"3UD\UHIOHFWDOLWWOH0\IDWKHU
ZKRQHYHUJRHVRXWKDVVHYHUDOWLPHVEHHQRQWKHSRLQWRI
UHIXVLQJWKLVLQYLWDWLRQ0DGDPHGH9LOOHIRUWRQWKH
FRQWUDU\LVEXUQLQJZLWKWKHGHVLUHRIVHHLQJWKLV
H[WUDRUGLQDU\QDERELQKLVRZQKRXVHWKHUHIRUHVKHKDV
ZLWKJUHDWGLIILFXOW\SUHYDLOHGRQP\IDWKHUWRDFFRPSDQ\
KHU1RQRLWLVDV,KDYHVDLG0D[LPLOLDQWKHUHLV
QRRQHLQWKHZRUOGRIZKRP,FDQDVNKHOSEXW\RXUVHOIDQG
P\JUDQGIDWKHUZKRLVOLWWOHEHWWHUWKDQDFRUSVH
,VHHWKDW\RXDUHULJKWORJLFDOO\VSHDNLQJVDLG
0D[LPLOLDQEXWWKHJHQWOHYRLFHZKLFKXVXDOO\KDVVXFK
SRZHURYHUPHIDLOVWRFRQYLQFHPHWRGD\
,IHHOWKHVDPHDVUHJDUGV\RXUVHOIVDLG9DOHQWLQHDQG

745

,RZQWKDWLI\RXKDYHQRVWURQJHUSURRIWRJLYHPH
,KDYHDQRWKHUUHSOLHG0D[LPLOLDQEXW,IHDU\RXZLOO
GHHPLWHYHQPRUHDEVXUGWKDQWKHILUVW
6RPXFKWKHZRUVHVDLG9DOHQWLQHVPLOLQJ
,WLVQHYHUWKHOHVVFRQFOXVLYHWRP\PLQG0\WHQ\HDUVRI
VHUYLFHKDYHDOVRFRQILUPHGP\LGHDVRQWKHVXEMHFWRI
VXGGHQLQVSLUDWLRQVIRU,KDYHVHYHUDOWLPHVRZHGP\OLIH
WRDP\VWHULRXVLPSXOVHZKLFKGLUHFWHGPHWRPRYHDWRQFH
HLWKHUWRWKHULJKWRUWRWKHOHIWLQRUGHUWRHVFDSHWKH
EDOOZKLFKNLOOHGWKHFRPUDGHILJKWLQJE\P\VLGHZKLOHLW
OHIWPHXQKDUPHG
'HDU0D[LPLOLDQZK\QRWDWWULEXWH\RXUHVFDSHWRP\
FRQVWDQWSUD\HUVIRU\RXUVDIHW\":KHQ\RXDUHDZD\,QR
ORQJHUSUD\IRUP\VHOIEXWIRU\RX
<HVVLQFH\RXKDYHNQRZQPHVDLG0RUUHOVPLOLQJEXW
WKDWFDQQRWDSSO\WRWKHWLPHSUHYLRXVWRRXUDFTXDLQWDQFH
9DOHQWLQH
<RXDUHYHU\SURYRNLQJDQGZLOOQRWJLYHPHFUHGLWIRU
DQ\WKLQJEXWOHWPHKHDUWKLVVHFRQGSURRIZKLFK\RX
\RXUVHOIRZQWREHDEVXUG
:HOOORRNWKURXJKWKLVRSHQLQJDQG\RXZLOOVHHWKH
EHDXWLIXOQHZKRUVHZKLFK,URGHKHUH
$KZKDWDEHDXWLIXOFUHDWXUHFULHG9DOHQWLQHZK\GLG
\RXQRWEULQJKLPFORVHWRWKHJDWHVRWKDW,FRXOGWDONWR
KLPDQGSDWKLP"
+HLVDV\RXVHHDYHU\YDOXDEOHDQLPDOVDLG
0D[LPLOLDQ<RXNQRZWKDWP\PHDQVDUHOLPLWHGDQGWKDW,
DPZKDWZRXOGEHGHVLJQDWHGDPDQRIPRGHUDWHSUHWHQVLRQV
:HOO,ZHQWWRDKRUVHGHDOHU
VZKHUH,VDZWKLV
PDJQLILFHQWKRUVHZKLFK,KDYHQDPHG0HGHDK,DVNHGWKH
SULFHWKH\WROGPHLWZDVIUDQFV,ZDVWKHUHIRUH
REOLJHGWRJLYHLWXSDV\RXPD\LPDJLQHEXW,RZQ,ZHQW
DZD\ZLWKUDWKHUDKHDY\KHDUWIRUWKHKRUVHKDGORRNHGDW
PHDIIHFWLRQDWHO\KDGUXEEHGKLVKHDGDJDLQVWPHDQGZKHQ
,PRXQWHGKLPKDGSUDQFHGLQWKHPRVWGHOLJKWIXOZD\

746

LPDJLQDEOHVRWKDW,ZDVDOWRJHWKHUIDVFLQDWHGZLWKKLP
7KHVDPHHYHQLQJVRPHIULHQGVRIPLQHYLVLWHGPH0GH
&KDWHDX5HQDXG0'HEUD\DQGILYHRUVL[RWKHUFKRLFH
VSLULWVZKRP\RXGRQRWNQRZHYHQE\QDPH7KH\SURSRVHGD
JDPHRIERXLOORWWH,QHYHUSOD\IRU,DPQRWULFKHQRXJK
WRDIIRUGWRORVHRUVXIILFLHQWO\SRRUWRGHVLUHWRJDLQ
%XW,ZDVDWP\RZQKRXVH\RXXQGHUVWDQGVRWKHUHZDV
QRWKLQJWREHGRQHEXWWRVHQGIRUWKHFDUGVZKLFK,GLG
-XVWDVWKH\ZHUHVLWWLQJGRZQWRWDEOH0GH0RQWH&ULVWR
DUULYHG+HWRRNKLVVHDWDPRQJVWWKHPWKH\SOD\HGDQG,
ZRQ,DPDOPRVWDVKDPHGWRVD\WKDWP\JDLQVDPRXQWHGWR
IUDQFV:HVHSDUDWHGDWPLGQLJKW,FRXOGQRWGHIHUP\
SOHDVXUHVR,WRRNDFDEULROHWDQGGURYHWRWKHKRUVH
GHDOHU
V)HYHULVKDQGH[FLWHG,UDQJDWWKHGRRU7KH
SHUVRQZKRRSHQHGLWPXVWKDYHWDNHQPHIRUDPDGPDQIRU,
UXVKHGDWRQFHWRWKHVWDEOH0HGHDKZDVVWDQGLQJDWWKH
UDFNHDWLQJKLVKD\,LPPHGLDWHO\SXWRQWKHVDGGOHDQG
EULGOHWRZKLFKRSHUDWLRQKHOHQWKLPVHOIZLWKWKHEHVW
JUDFHSRVVLEOHWKHQSXWWLQJWKHIUDQFVLQWRWKH
KDQGVRIWKHDVWRQLVKHGGHDOHU,SURFHHGHGWRIXOILOP\
LQWHQWLRQRISDVVLQJWKHQLJKWLQULGLQJLQWKH&KDPSV
(O\VHHV$V,URGHE\WKHFRXQW
VKRXVH,SHUFHLYHGDOLJKW
LQRQHRIWKHZLQGRZVDQGIDQFLHG,VDZWKHVKDGRZRIKLV
ILJXUHPRYLQJEHKLQGWKHFXUWDLQ1RZ9DOHQWLQH,ILUPO\
EHOLHYHWKDWKHNQHZRIP\ZLVKWRSRVVHVVWKLVKRUVHDQG
WKDWKHORVWH[SUHVVO\WRJLYHPHWKHPHDQVRISURFXULQJ
KLP
0\GHDU0D[LPLOLDQ\RXDUHUHDOO\WRRIDQFLIXO\RXZLOO
QRWORYHHYHQPHORQJ$PDQZKRDFFXVWRPVKLPVHOIWROLYH
LQVXFKDZRUOGRISRHWU\DQGLPDJLQDWLRQPXVWILQGIDUWRR
OLWWOHH[FLWHPHQWLQDFRPPRQHYHU\GD\VRUWRIDWWDFKPHQW
VXFKDVRXUV%XWWKH\DUHFDOOLQJPH'R\RXKHDU"
$K9DOHQWLQHVDLG0D[LPLOLDQJLYHPHEXWRQHILQJHU
WKURXJKWKLVRSHQLQJLQWKHJUDWLQJRQHILQJHUWKH
OLWWOHVWILQJHURIDOOWKDW,PD\KDYHWKHKDSSLQHVVRI
NLVVLQJLW
0D[LPLOLDQZHVDLGZHZRXOGEHWRHDFKRWKHUDVWZR
YRLFHVWZRVKDGRZV
$V\RXZLOO9DOHQWLQH

747

6KDOO\RXEHKDSS\LI,GRZKDW\RXZLVK"
2K\HV9DOHQWLQHPRXQWHGRQDEHQFKDQGSDVVHGQRWRQO\
KHUILQJHUEXWKHUZKROHKDQGWKURXJKWKHRSHQLQJ
0D[LPLOLDQXWWHUHGDFU\RIGHOLJKWDQGVSULQJLQJ
IRUZDUGVVHL]HGWKHKDQGH[WHQGHGWRZDUGVKLPDQG
LPSULQWHGRQLWDIHUYHQWDQGLPSDVVLRQHGNLVV7KHOLWWOH
KDQGZDVWKHQLPPHGLDWHO\ZLWKGUDZQDQGWKH\RXQJPDQVDZ
9DOHQWLQHKXUU\LQJWRZDUGVWKHKRXVHDVWKRXJKVKHZHUH
DOPRVWWHUULILHGDWKHURZQVHQVDWLRQV

&KDSWHU
01RLUWLHUGH9LOOHIRUW
:HZLOOQRZUHODWHZKDWZDVSDVVLQJLQWKHKRXVHRIWKH
NLQJ
VDWWRUQH\DIWHUWKHGHSDUWXUHRI0DGDPH'DQJODUVDQG
KHUGDXJKWHUDQGGXULQJWKHWLPHRIWKHFRQYHUVDWLRQ
EHWZHHQ0D[LPLOLDQDQG9DOHQWLQHZKLFKZHKDYHMXVW
GHWDLOHG0GH9LOOHIRUWHQWHUHGKLVIDWKHU
VURRP
IROORZHGE\0DGDPHGH9LOOHIRUW%RWKRIWKHYLVLWRUVDIWHU
VDOXWLQJWKHROGPDQDQGVSHDNLQJWR%DUURLVDIDLWKIXO
VHUYDQWZKRKDGEHHQWZHQW\ILYH\HDUVLQKLVVHUYLFHWRRN
WKHLUSODFHVRQHLWKHUVLGHRIWKHSDUDO\WLF
01RLUWLHUZDVVLWWLQJLQDQDUPFKDLUZKLFKPRYHGXSRQ
FDVWHUVLQZKLFKKHZDVZKHHOHGLQWRWKHURRPLQWKH
PRUQLQJDQGLQWKHVDPHZD\GUDZQRXWDJDLQDWQLJKW+H
ZDVSODFHGEHIRUHDODUJHJODVVZKLFKUHIOHFWHGWKHZKROH
DSDUWPHQWDQGVRZLWKRXWDQ\DWWHPSWWRPRYHZKLFKZRXOG
KDYHEHHQLPSRVVLEOHKHFRXOGVHHDOOZKRHQWHUHGWKHURRP
DQGHYHU\WKLQJZKLFKZDVJRLQJRQDURXQGKLP01RLUWLHU
DOWKRXJKDOPRVWDVLPPRYDEOHDVDFRUSVHORRNHGDWWKH
QHZFRPHUVZLWKDTXLFNDQGLQWHOOLJHQWH[SUHVVLRQ
SHUFHLYLQJDWRQFHE\WKHLUFHUHPRQLRXVFRXUWHV\WKDWWKH\
ZHUHFRPHRQEXVLQHVVRIDQXQH[SHFWHGDQGRIILFLDO
FKDUDFWHU6LJKWDQGKHDULQJZHUHWKHRQO\VHQVHVUHPDLQLQJ
DQGWKH\OLNHWZRVROLWDU\VSDUNVUHPDLQHGWRDQLPDWHWKH
PLVHUDEOHERG\ZKLFKVHHPHGILWIRUQRWKLQJEXWWKHJUDYH
LWZDVRQO\KRZHYHUE\PHDQVRIRQHRIWKHVHVHQVHVWKDW
KHFRXOGUHYHDOWKHWKRXJKWVDQGIHHOLQJVWKDWVWLOO
RFFXSLHGKLVPLQGDQGWKHORRNE\ZKLFKKHJDYHH[SUHVVLRQ

748

WRKLVLQQHUOLIHZDVOLNHWKHGLVWDQWJOHDPRIDFDQGOH
ZKLFKDWUDYHOOHUVHHVE\QLJKWDFURVVVRPHGHVHUWSODFH
DQGNQRZVWKDWDOLYLQJEHLQJGZHOOVEH\RQGWKHVLOHQFHDQG
REVFXULW\1RLUWLHU
VKDLUZDVORQJDQGZKLWHDQGIORZHG
RYHUKLVVKRXOGHUVZKLOHLQKLVH\HVVKDGHGE\WKLFNEODFN
ODVKHVZDVFRQFHQWUDWHGDVLWRIWHQKDSSHQVZLWKDQRUJDQ
ZKLFKLVXVHGWRWKHH[FOXVLRQRIWKHRWKHUVDOOWKH
DFWLYLW\DGGUHVVIRUFHDQGLQWHOOLJHQFHZKLFKZHUH
IRUPHUO\GLIIXVHGRYHUKLVZKROHERG\DQGVRDOWKRXJKWKH
PRYHPHQWRIWKHDUPWKHVRXQGRIWKHYRLFHDQGWKHDJLOLW\
RIWKHERG\ZHUHZDQWLQJWKHVSHDNLQJH\HVXIILFHGIRU
DOO+HFRPPDQGHGZLWKLWLWZDVWKHPHGLXPWKURXJKZKLFK
KLVWKDQNVZHUHFRQYH\HG,QVKRUWKLVZKROHDSSHDUDQFH
SURGXFHGRQWKHPLQGWKHLPSUHVVLRQRIDFRUSVHZLWKOLYLQJ
H\HVDQGQRWKLQJFRXOGEHPRUHVWDUWOLQJWKDQWRREVHUYH
WKHH[SUHVVLRQRIDQJHURUMR\VXGGHQO\OLJKWLQJXSWKHVH
RUJDQVZKLOHWKHUHVWRIWKHULJLGDQGPDUEOHOLNHIHDWXUHV
ZHUHXWWHUO\GHSULYHGRIWKHSRZHURISDUWLFLSDWLRQ7KUHH
SHUVRQVRQO\FRXOGXQGHUVWDQGWKLVODQJXDJHRIWKHSRRU
SDUDO\WLFWKHVHZHUH9LOOHIRUW9DOHQWLQHDQGWKHROG
VHUYDQWRIZKRPZHKDYHDOUHDG\VSRNHQ%XWDV9LOOHIRUWVDZ
KLVIDWKHUEXWVHOGRPDQGWKHQRQO\ZKHQDEVROXWHO\
REOLJHGDQGDVKHQHYHUWRRNDQ\SDLQVWRSOHDVHRUJUDWLI\
KLPZKHQKHZDVWKHUHDOOWKHROGPDQ
VKDSSLQHVVZDV
FHQWUHGLQKLVJUDQGGDXJKWHU9DOHQWLQHE\PHDQVRIKHU
ORYHKHUSDWLHQFHDQGKHUGHYRWLRQKDGOHDUQHGWRUHDGLQ
1RLUWLHU
VORRNDOOWKHYDULHGIHHOLQJVZKLFKZHUHSDVVLQJ
LQKLVPLQG7RWKLVGXPEODQJXDJHZKLFKZDVVR
XQLQWHOOLJLEOHWRRWKHUVVKHDQVZHUHGE\WKURZLQJKHUZKROH
VRXOLQWRWKHH[SUHVVLRQRIKHUFRXQWHQDQFHDQGLQWKLV
PDQQHUZHUHWKHFRQYHUVDWLRQVVXVWDLQHGEHWZHHQWKHEORRPLQJ
JLUODQGWKHKHOSOHVVLQYDOLGZKRVHERG\FRXOGVFDUFHO\EH
FDOOHGDOLYLQJRQHEXWZKRQHYHUWKHOHVVSRVVHVVHGDIXQG
RINQRZOHGJHDQGSHQHWUDWLRQXQLWHGZLWKDZLOODVSRZHUIXO
DVHYHUDOWKRXJKFORJJHGE\DERG\UHQGHUHGXWWHUO\
LQFDSDEOHRIREH\LQJLWVLPSXOVHV9DOHQWLQHKDGVROYHGWKH
SUREOHPDQGZDVDEOHHDVLO\WRXQGHUVWDQGKLVWKRXJKWVDQG
WRFRQYH\KHURZQLQUHWXUQDQGWKURXJKKHUXQWLULQJDQG
GHYRWHGDVVLGXLW\LWZDVVHOGRPWKDWLQWKHRUGLQDU\
WUDQVDFWLRQVRIHYHU\GD\OLIHVKHIDLOHGWRDQWLFLSDWHWKH
ZLVKHVRIWKHOLYLQJWKLQNLQJPLQGRUWKHZDQWVRIWKH
DOPRVWLQDQLPDWHERG\$VWRWKHVHUYDQWKHKDGDVZHKDYH
VDLGEHHQZLWKKLVPDVWHUIRUILYHDQGWZHQW\\HDUV
WKHUHIRUHKHNQHZDOOKLVKDELWVDQGLWZDVVHOGRPWKDW

749

1RLUWLHUIRXQGLWQHFHVVDU\WRDVNIRUDQ\WKLQJVRSURPSW
ZDVKHLQDGPLQLVWHULQJWRDOOWKHQHFHVVLWLHVRIWKH
LQYDOLG9LOOHIRUWGLGQRWQHHGWKHKHOSRIHLWKHU9DOHQWLQH
RUWKHGRPHVWLFLQRUGHUWRFDUU\RQZLWKKLVIDWKHUWKH
VWUDQJHFRQYHUVDWLRQZKLFKKHZDVDERXWWREHJLQ$VZHKDYH
VDLGKHSHUIHFWO\XQGHUVWRRGWKHROGPDQ
VYRFDEXODU\DQG
LIKHGLGQRWXVHLWPRUHRIWHQLWZDVRQO\LQGLIIHUHQFH
DQGHQQXLZKLFKSUHYHQWHGKLPIURPVRGRLQJ+HWKHUHIRUH
DOORZHG9DOHQWLQHWRJRLQWRWKHJDUGHQVHQWDZD\%DUURLV
DQGDIWHUKDYLQJVHDWHGKLPVHOIDWKLVIDWKHU
VULJKWKDQG
ZKLOH0DGDPHGH9LOOHIRUWSODFHGKHUVHOIRQWKHOHIWKH
DGGUHVVHGKLPWKXV
,WUXVW\RXZLOOQRWEHGLVSOHDVHGVLUWKDW9DOHQWLQHKDV
QRWFRPHZLWKXVRUWKDW,GLVPLVVHG%DUURLVIRURXU
FRQIHUHQFHZLOOEHRQHZKLFKFRXOGQRWZLWKSURSULHW\EH
FDUULHGRQLQWKHSUHVHQFHRIHLWKHU0DGDPHGH9LOOHIRUW
DQG,KDYHDFRPPXQLFDWLRQWRPDNHWR\RX
1RLUWLHU
VIDFHUHPDLQHGSHUIHFWO\SDVVLYHGXULQJWKLVORQJ
SUHDPEOHZKLOHRQWKHFRQWUDU\9LOOHIRUW
VH\HZDV
HQGHDYRULQJWRSHQHWUDWHLQWRWKHLQPRVWUHFHVVHVRIWKHROG
PDQ
VKHDUW
7KLVFRPPXQLFDWLRQFRQWLQXHGWKHSURFXUHXULQWKDWFROG
DQGGHFLVLYHWRQHZKLFKVHHPHGDWRQFHWRSUHFOXGHDOO
GLVFXVVLRQZLOOZHDUHVXUHPHHWZLWK\RXUDSSUREDWLRQ
7KHH\HRIWKHLQYDOLGVWLOOUHWDLQHGWKDWYDFDQF\RI
H[SUHVVLRQZKLFKSUHYHQWHGKLVVRQIURPREWDLQLQJDQ\
NQRZOHGJHRIWKHIHHOLQJVZKLFKZHUHSDVVLQJLQKLVPLQGKH
OLVWHQHGQRWKLQJPRUH6LUUHVXPHG9LOOHIRUWZHDUH
WKLQNLQJRIPDUU\LQJ9DOHQWLQH+DGWKHROGPDQ
VIDFHEHHQ
PRXOGHGLQZD[LWFRXOGQRWKDYHVKRZQOHVVHPRWLRQDWWKLV
QHZVWKDQZDVQRZWREHWUDFHGWKHUH7KHPDUULDJHZLOO
WDNHSODFHLQOHVVWKDQWKUHHPRQWKVVDLG9LOOHIRUW
1RLUWLHU
VH\HVWLOOUHWDLQHGLWVLQDQLPDWHH[SUHVVLRQ
0DGDPHGH9LOOHIRUWQRZWRRNKHUSDUWLQWKHFRQYHUVDWLRQ
DQGDGGHG:HWKRXJKWWKLVQHZVZRXOGSRVVHVVDQ
LQWHUHVWIRU\RXVLUZKRKDYHDOZD\VHQWHUWDLQHGDJUHDW
DIIHFWLRQIRU9DOHQWLQHLWWKHUHIRUHRQO\QRZUHPDLQVIRU
XVWRWHOO\RXWKHQDPHRIWKH\RXQJPDQIRUZKRPVKHLV
GHVWLQHG,WLVRQHRIWKHPRVWGHVLUDEOHFRQQHFWLRQVZKLFK
FRXOGSRVVLEO\EHIRUPHGKHSRVVHVVHVIRUWXQHDKLJKUDQN

750

LQVRFLHW\DQGHYHU\SHUVRQDOTXDOLILFDWLRQOLNHO\WR
UHQGHU9DOHQWLQHVXSUHPHO\KDSS\KLVQDPHPRUHRYHU
FDQQRWEHZKROO\XQNQRZQWR\RX,WLV0)UDQ]GH4XHVQHO
%DURQG
(SLQD\
:KLOHKLVZLIHZDVVSHDNLQJ9LOOHIRUWKDGQDUURZO\ZDWFKHG
WKHROGPDQ
VFRXQWHQDQFH:KHQ0DGDPHGH9LOOHIRUW
SURQRXQFHGWKHQDPHRI)UDQ]WKHSXSLORI01RLUWLHU
VH\H
EHJDQWRGLODWHDQGKLVH\HOLGVWUHPEOHGZLWKWKHVDPH
PRYHPHQWWKDWPD\EHSHUFHLYHGRQWKHOLSVRIDQLQGLYLGXDO
DERXWWRVSHDNDQGKHGDUWHGDOLJKWQLQJJODQFHDW0DGDPH
GH9LOOHIRUWDQGKLVVRQ7KHSURFXUHXUZKRNQHZWKH
SROLWLFDOKDWUHGZKLFKKDGIRUPHUO\H[LVWHGEHWZHHQ0
1RLUWLHUDQGWKHHOGHUG
(SLQD\ZHOOXQGHUVWRRGWKH
DJLWDWLRQDQGDQJHUZKLFKWKHDQQRXQFHPHQWKDGSURGXFHG
EXWIHLJQLQJQRWWRSHUFHLYHHLWKHUKHLPPHGLDWHO\UHVXPHG
WKHQDUUDWLYHEHJXQE\KLVZLIH6LUVDLGKH\RXDUH
DZDUHWKDW9DOHQWLQHLVDERXWWRHQWHUKHUQLQHWHHQWK\HDU
ZKLFKUHQGHUVLWLPSRUWDQWWKDWVKHVKRXOGORVHQRWLPHLQ
IRUPLQJDVXLWDEOHDOOLDQFH1HYHUWKHOHVV\RXKDYHQRWEHHQ
IRUJRWWHQLQRXUSODQVDQGZHKDYHIXOO\DVFHUWDLQHG
EHIRUHKDQGWKDW9DOHQWLQH
VIXWXUHKXVEDQGZLOOFRQVHQWQRW
WROLYHLQWKLVKRXVHIRUWKDWPLJKWQRWEHSOHDVDQWIRU
WKH\RXQJSHRSOHEXWWKDW\RXVKRXOGOLYHZLWKWKHPVR
WKDW\RXDQG9DOHQWLQHZKRDUHVRDWWDFKHGWRHDFKRWKHU
ZRXOGQRWEHVHSDUDWHGDQG\RXZRXOGEHDEOHWRSXUVXH
H[DFWO\WKHVDPHFRXUVHRIOLIHZKLFK\RXKDYHKLWKHUWR
GRQHDQGWKXVLQVWHDGRIORVLQJ\RXZLOOEHDJDLQHUE\
WKHFKDQJHDVLWZLOOVHFXUHWR\RXWZRFKLOGUHQLQVWHDGRI
RQHWRZDWFKRYHUDQGFRPIRUW\RX
1RLUWLHU
VORRNZDVIXULRXVLWZDVYHU\HYLGHQWWKDW
VRPHWKLQJGHVSHUDWHZDVSDVVLQJLQWKHROGPDQ
VPLQGIRUD
FU\RIDQJHUDQGJULHIURVHLQKLVWKURDWDQGQRWEHLQJ
DEOHWRILQGYHQWLQXWWHUDQFHDSSHDUHGDOPRVWWRFKRNH
KLPIRUKLVIDFHDQGOLSVWXUQHGTXLWHSXUSOHZLWKWKH
VWUXJJOH9LOOHIRUWTXLHWO\RSHQHGDZLQGRZVD\LQJ,WLV
YHU\ZDUPDQGWKHKHDWDIIHFWV01RLUWLHU+HWKHQ
UHWXUQHGWRKLVSODFHEXWGLGQRWVLWGRZQ7KLV
PDUULDJHDGGHG0DGDPHGH9LOOHIRUWLVTXLWHDJUHHDEOHWR
WKHZLVKHVRI0G
(SLQD\DQGKLVIDPLO\EHVLGHVKHKDGQR
UHODWLRQVQHDUHUWKDQDQXQFOHDQGDXQWKLVPRWKHUKDYLQJ
GLHGDWKLVELUWKDQGKLVIDWKHUKDYLQJEHHQDVVDVVLQDWHG
LQWKDWLVWRVD\ZKHQKHZDVEXWWZR\HDUVROGLW

751

QDWXUDOO\IROORZHGWKDWWKHFKLOGZDVSHUPLWWHGWRFKRRVH
KLVRZQSXUVXLWVDQGKHKDVWKHUHIRUHVHOGRPDFNQRZOHGJHG
DQ\RWKHUDXWKRULW\EXWWKDWRIKLVRZQZLOO
7KDWDVVDVVLQDWLRQZDVDP\VWHULRXVDIIDLUVDLG
9LOOHIRUWDQGWKHSHUSHWUDWRUVKDYHKLWKHUWRHVFDSHG
GHWHFWLRQDOWKRXJKVXVSLFLRQKDVIDOOHQRQWKHKHDGRIPRUH
WKDQRQHSHUVRQ1RLUWLHUPDGHVXFKDQHIIRUWWKDWKLVOLSV
H[SDQGHGLQWRDVPLOH
1RZFRQWLQXHG9LOOHIRUWWKRVHWRZKRPWKHJXLOWUHDOO\
EHORQJVE\ZKRPWKHFULPHZDVFRPPLWWHGRQZKRVHKHDGVWKH
MXVWLFHRIPDQPD\SUREDEO\GHVFHQGKHUHDQGWKHFHUWDLQ
MXGJPHQWRI*RGKHUHDIWHUZRXOGUHMRLFHLQWKHRSSRUWXQLW\
WKXVDIIRUGHGRIEHVWRZLQJVXFKDSHDFHRIIHULQJDV
9DOHQWLQHRQWKHVRQRIKLPZKRVHOLIHWKH\VRUXWKOHVVO\
GHVWUR\HG1RLUWLHUKDGVXFFHHGHGLQPDVWHULQJKLVHPRWLRQ
PRUHWKDQFRXOGKDYHEHHQGHHPHGSRVVLEOHZLWKVXFKDQ
HQIHHEOHGDQGVKDWWHUHGIUDPH<HV,XQGHUVWDQGZDVWKH
UHSO\FRQWDLQHGLQKLVORRNDQGWKLVORRNH[SUHVVHGD
IHHOLQJRIVWURQJLQGLJQDWLRQPL[HGZLWKSURIRXQGFRQWHPSW
9LOOHIRUWIXOO\XQGHUVWRRGKLVIDWKHU
VPHDQLQJDQG
DQVZHUHGE\DVOLJKWVKUXJRIKLVVKRXOGHUV+HWKHQ
PRWLRQHGWRKLVZLIHWRWDNHOHDYH1RZVLUVDLG0DGDPH
GH9LOOHIRUW,PXVWELG\RXIDUHZHOO:RXOG\RXOLNHPHWR
VHQG(GZDUGWR\RXIRUDVKRUWWLPH"
,WKDGEHHQDJUHHGWKDWWKHROGPDQVKRXOGH[SUHVVKLV
DSSUREDWLRQE\FORVLQJKLVH\HVKLVUHIXVDOE\ZLQNLQJWKHP
VHYHUDOWLPHVDQGLIKHKDGVRPHGHVLUHRUIHHOLQJWR
H[SUHVVKHUDLVHGWKHPWRKHDYHQ,IKHZDQWHG9DOHQWLQH
KHFORVHGKLVULJKWH\HRQO\DQGLI%DUURLVWKHOHIW$W
0DGDPHGH9LOOHIRUW
VSURSRVLWLRQKHLQVWDQWO\ZLQNHGKLV
H\HV3URYRNHGE\DFRPSOHWHUHIXVDOVKHELWKHUOLSDQG
VDLG7KHQVKDOO,VHQG9DOHQWLQHWR\RX"7KHROGPDQ
FORVHGKLVH\HVHDJHUO\WKHUHE\LQWLPDWLQJWKDWVXFKZDV
KLVZLVK0DQG0DGDPHGH9LOOHIRUWERZHGDQGOHIWWKH
URRPJLYLQJRUGHUVWKDW9DOHQWLQHVKRXOGEHVXPPRQHGWRKHU
JUDQGIDWKHU
VSUHVHQFHDQGIHHOLQJVXUHWKDWVKHZRXOGKDYH
PXFKWRGRWRUHVWRUHFDOPQHVVWRWKHSHUWXUEHGVSLULWRI
WKHLQYDOLG9DOHQWLQHZLWKDFRORUVWLOOKHLJKWHQHGE\
HPRWLRQHQWHUHGWKHURRPMXVWDIWHUKHUSDUHQWVKDGTXLWWHG
LW2QHORRNZDVVXIILFLHQWWRWHOOKHUWKDWKHUJUDQGIDWKHU
ZDVVXIIHULQJDQGWKDWWKHUHZDVPXFKRQKLVPLQGZKLFKKH

752

ZDVZLVKLQJWRFRPPXQLFDWHWRKHU'HDUJUDQGSDSDFULHG
VKHZKDWKDVKDSSHQHG"7KH\KDYHYH[HG\RXDQG\RXDUH
DQJU\"7KHSDUDO\WLFFORVHGKLVH\HVLQWRNHQRIDVVHQW
:KRKDVGLVSOHDVHG\RX",VLWP\IDWKHU"
1R
0DGDPHGH9LOOHIRUW"
1R
0H"7KHIRUPHUVLJQZDVUHSHDWHG$UH\RXGLVSOHDVHGZLWK
PH"FULHG9DOHQWLQHLQDVWRQLVKPHQW01RLUWLHUDJDLQ
FORVHGKLVH\HV$QGZKDWKDYH,GRQHGHDUJUDQGSDSDWKDW
\RXVKRXOGEHDQJU\ZLWKPH"FULHG9DOHQWLQH
7KHUHZDVQRDQVZHUDQGVKHFRQWLQXHG,KDYHQRWVHHQ\RX
DOOGD\+DVDQ\RQHEHHQVSHDNLQJWR\RXDJDLQVWPH"
<HVVDLGWKHROGPDQ
VORRNZLWKHDJHUQHVV
/HWPHWKLQNDPRPHQW,GRDVVXUH\RXJUDQGSDSD$K
0DQG0DGDPHGH9LOOHIRUWKDYHMXVWOHIWWKLVURRPKDYH
WKH\QRW"
<HV
$QGLWZDVWKH\ZKRWROG\RXVRPHWKLQJZKLFKPDGH\RX
DQJU\":KDWZDVLWWKHQ"0D\,JRDQGDVNWKHPWKDW,PD\
KDYHWKHRSSRUWXQLW\RIPDNLQJP\SHDFHZLWK\RX"
1RQRVDLG1RLUWLHU
VORRN
$K\RXIULJKWHQPH:KDWFDQWKH\KDYHVDLG"DQGVKH
DJDLQWULHGWRWKLQNZKDWLWFRXOGEH
$K,NQRZVDLGVKHORZHULQJKHUYRLFHDQGJRLQJFORVH
WRWKHROGPDQ7KH\KDYHEHHQVSHDNLQJRIP\PDUULDJH
KDYHWKH\QRW"
<HVUHSOLHGWKHDQJU\ORRN
,XQGHUVWDQG\RXDUHGLVSOHDVHGDWWKHVLOHQFH,KDYH
SUHVHUYHGRQWKHVXEMHFW7KHUHDVRQRILWZDVWKDWWKH\

753

KDGLQVLVWHGRQP\NHHSLQJWKHPDWWHUDVHFUHWDQGEHJJHG
PHQRWWRWHOO\RXDQ\WKLQJRILW7KH\GLGQRWHYHQ
DFTXDLQWPHZLWKWKHLULQWHQWLRQVDQG,RQO\GLVFRYHUHG
WKHPE\FKDQFHWKDWLVZK\,KDYHEHHQVRUHVHUYHGZLWK
\RXGHDUJUDQGSDSD3UD\IRUJLYHPH%XWWKHUHZDVQRORRN
FDOFXODWHGWRUHDVVXUHKHUDOOLWVHHPHGWRVD\ZDV,WLV
QRWRQO\\RXUUHVHUYHZKLFKDIIOLFWVPH
:KDWLVLWWKHQ"DVNHGWKH\RXQJJLUO3HUKDSV\RXWKLQN
,VKDOODEDQGRQ\RXGHDUJUDQGSDSDDQGWKDW,VKDOOIRUJHW
\RXZKHQ,DPPDUULHG"
1R
7KH\WROG\RXWKHQWKDW0G
(SLQD\FRQVHQWHGWRRXUDOO
OLYLQJWRJHWKHU"
<HV
7KHQZK\DUH\RXVWLOOYH[HGDQGJULHYHG"7KHROGPDQ
V
H\HVEHDPHGZLWKDQH[SUHVVLRQRIJHQWOHDIIHFWLRQ<HV,
XQGHUVWDQGVDLG9DOHQWLQHLWLVEHFDXVH\RXORYHPH
7KHROGPDQDVVHQWHG$QG\RXDUHDIUDLG,VKDOOEH
XQKDSS\"
<HV
<RXGRQRWOLNH0)UDQ]"7KHH\HVUHSHDWHGVHYHUDOWLPHV
1RQRQR
7KHQ\RXDUHYH[HGZLWKWKHHQJDJHPHQW"
<HV
:HOOOLVWHQVDLG9DOHQWLQHWKURZLQJKHUVHOIRQKHU
NQHHVDQGSXWWLQJKHUDUPURXQGKHUJUDQGIDWKHU
VQHFN,
DPYH[HGWRRIRU,GRQRWORYH0)UDQ]G
(SLQD\$Q
H[SUHVVLRQRILQWHQVHMR\LOOXPLQHGWKHROGPDQ
VH\HV
:KHQ,ZLVKHGWRUHWLUHLQWRDFRQYHQW\RXUHPHPEHUKRZ
DQJU\\RXZHUHZLWKPH"$WHDUWUHPEOHGLQWKHH\HRIWKH
LQYDOLG:HOOFRQWLQXHG9DOHQWLQHWKHUHDVRQRIP\
SURSRVLQJLWZDVWKDW,PLJKWHVFDSHWKLVKDWHIXOPDUULDJH
ZKLFKGULYHVPHWRGHVSDLU1RLUWLHU
VEUHDWKLQJFDPHWKLFN
DQGVKRUW7KHQWKHLGHDRIWKLVPDUULDJHUHDOO\JULHYHV

754

\RXWRR"$KLI\RXFRXOGEXWKHOSPHLIZHFRXOGERWK
WRJHWKHUGHIHDWWKHLUSODQ%XW\RXDUHXQDEOHWRRSSRVH
WKHP\RXZKRVHPLQGLVVRTXLFNDQGZKRVHZLOOLVVR
ILUPDUHQHYHUWKHOHVVDVZHDNDQGXQHTXDOWRWKHFRQWHVWDV
,DPP\VHOI$ODV\RXZKRZRXOGKDYHEHHQVXFKDSRZHUIXO
SURWHFWRUWRPHLQWKHGD\VRI\RXUKHDOWKDQGVWUHQJWKFDQ
QRZRQO\V\PSDWKL]HLQP\MR\VDQGVRUURZVZLWKRXWEHLQJ
DEOHWRWDNHDQ\DFWLYHSDUWLQWKHP+RZHYHUWKLVLVPXFK
DQGFDOOVIRUJUDWLWXGHDQGKHDYHQKDVQRWWDNHQDZD\DOOP\
EOHVVLQJVZKHQLWOHDYHVPH\RXUV\PSDWK\DQGNLQGQHVV
$WWKHVHZRUGVWKHUHDSSHDUHGLQ1RLUWLHU
VH\HDQ
H[SUHVVLRQRIVXFKGHHSPHDQLQJWKDWWKH\RXQJJLUOWKRXJKW
VKHFRXOGUHDGWKHVHZRUGVWKHUH<RXDUHPLVWDNHQ,FDQ
VWLOOGRPXFKIRU\RX
'R\RXWKLQN\RXFDQKHOSPHGHDUJUDQGSDSD"VDLG
9DOHQWLQH
<HV1RLUWLHUUDLVHGKLVH\HVLWZDVWKHVLJQDJUHHGRQ
EHWZHHQKLPDQG9DOHQWLQHZKHQKHZDQWHGDQ\WKLQJ
:KDWLVLW\RXZDQWGHDUJUDQGSDSD"VDLG9DOHQWLQHDQG
VKHHQGHDYRUHGWRUHFDOOWRPLQGDOOWKHWKLQJVZKLFKKH
ZRXOGEHOLNHO\WRQHHGDQGDVWKHLGHDVSUHVHQWHG
WKHPVHOYHVWRKHUPLQGVKHUHSHDWHGWKHPDORXGWKHQ
ILQGLQJWKDWDOOKHUHIIRUWVHOLFLWHGQRWKLQJEXWDFRQVWDQW
1RVKHVDLG&RPHVLQFHWKLVSODQGRHVQRWDQVZHU,
ZLOOKDYHUHFRXUVHWRDQRWKHU6KHWKHQUHFLWHGDOOWKH
OHWWHUVRIWKHDOSKDEHWIURP$GRZQWR1:KHQVKHDUULYHG
DWWKDWOHWWHUWKHSDUDO\WLFPDGHKHUXQGHUVWDQGWKDWVKH
KDGVSRNHQWKHLQLWLDOOHWWHURIWKHWKLQJKHZDQWHG$K
VDLG9DOHQWLQHWKHWKLQJ\RXGHVLUHEHJLQVZLWKWKHOHWWHU
1LWLVZLWK1WKDWZHKDYHWRGRWKHQ:HOOOHWPHVHH
ZKDWFDQ\RXZDQWWKDWEHJLQVZLWK1"1D1H1L1R

<HV\HV\HVVDLGWKHROGPDQ
VH\H
$KLWLV1RWKHQ"
<HV9DOHQWLQHIHWFKHGDGLFWLRQDU\ZKLFKVKHSODFHGRQD
GHVNEHIRUH1RLUWLHUVKHRSHQHGLWDQGVHHLQJWKDWWKH
RGGPDQ
VH\HZDVWKRURXJKO\IL[HGRQLWVSDJHVVKHUDQKHU

755

ILQJHUTXLFNO\XSDQGGRZQWKHFROXPQV'XULQJWKHVL[\HDUV
ZKLFKKDGSDVVHGVLQFH1RLUWLHUILUVWIHOOLQWRWKLVVDG
VWDWH9DOHQWLQH
VSRZHUVRILQYHQWLRQKDGEHHQWRRRIWHQ
SXWWRWKHWHVWQRWWRUHQGHUKHUH[SHUWLQGHYLVLQJ
H[SHGLHQWVIRUJDLQLQJDNQRZOHGJHRIKLVZLVKHVDQGWKH
FRQVWDQWSUDFWLFHKDGVRSHUIHFWHGKHULQWKHDUWWKDWVKH
JXHVVHGWKHROGPDQ
VPHDQLQJDVTXLFNO\DVLIKHKLPVHOI
KDGEHHQDEOHWRVHHNIRUZKDWKHZDQWHG$WWKHZRUG
1RWDU\1RLUWLHUPDGHDVLJQWRKHUWRVWRS1RWDU\
VDLGVKHGR\RXZDQWDQRWDU\GHDUJUDQGSDSD"7KHROG
PDQDJDLQVLJQLILHGWKDWLWZDVDQRWDU\KHGHVLUHG
<RXZRXOGZLVKDQRWDU\WREHVHQWIRUWKHQ"VDLG
9DOHQWLQH
<HV
6KDOOP\IDWKHUEHLQIRUPHGRI\RXUZLVK"
<HV
'R\RXZLVKWKHQRWDU\WREHVHQWIRULPPHGLDWHO\"
<HV
7KHQWKH\VKDOOJRIRUKLPGLUHFWO\GHDUJUDQGSDSD,V
WKDWDOO\RXZDQW"
<HV9DOHQWLQHUDQJWKHEHOODQGRUGHUHGWKHVHUYDQWWR
WHOO0RQVLHXURU0DGDPHGH9LOOHIRUWWKDWWKH\ZHUH
UHTXHVWHGWRFRPHWR01RLUWLHU
VURRP$UH\RXVDWLVILHG
QRZ"LQTXLUHG9DOHQWLQH
<HV
,DPVXUH\RXDUHLWLVQRWYHU\GLIILFXOWWRGLVFRYHU
WKDWDQGWKH\RXQJJLUOVPLOHGRQKHUJUDQGIDWKHUDV
LIKHKDGEHHQDFKLOG0GH9LOOHIRUWHQWHUHGIROORZHGE\
%DUURLV:KDWGR\RXZDQWPHIRUVLU"GHPDQGHGKHRIWKH
SDUDO\WLF
6LUVDLG9DOHQWLQHP\JUDQGIDWKHUZLVKHVIRUDQRWDU\
$WWKLVVWUDQJHDQGXQH[SHFWHGGHPDQG0GH9LOOHIRUWDQG
KLVIDWKHUH[FKDQJHGORRNV<HVPRWLRQHGWKHODWWHUZLWK

756

DILUPQHVVZKLFKVHHPHGWRGHFODUHWKDWZLWKWKHKHOSRI
9DOHQWLQHDQGKLVROGVHUYDQWZKRERWKNQHZZKDWKLVZLVKHV
ZHUHKHZDVTXLWHSUHSDUHGWRPDLQWDLQWKHFRQWHVW'R\RX
ZLVKIRUDQRWDU\"DVNHG9LOOHIRUW
<HV
:KDWWRGR"
1RLUWLHUPDGHQRDQVZHU:KDWGR\RXZDQWZLWKDQRWDU\"
DJDLQUHSHDWHG9LOOHIRUW7KHLQYDOLG
VH\HUHPDLQHGIL[HG
E\ZKLFKH[SUHVVLRQKHLQWHQGHGWRLQWLPDWHWKDWKLV
UHVROXWLRQZDVXQDOWHUDEOH,VLWWRGRXVVRPHLOOWXUQ"
'R\RXWKLQNLWLVZRUWKZKLOH"VDLG9LOOHIRUW
6WLOOVDLG%DUURLVZLWKWKHIUHHGRPDQGILGHOLW\RIDQ
ROGVHUYDQWLI01RLUWLHUDVNVIRUDQRWDU\,VXSSRVHKH
UHDOO\ZLVKHVIRUDQRWDU\WKHUHIRUH,VKDOOJRDWRQFHDQG
IHWFKRQH%DUURLVDFNQRZOHGJHGQRPDVWHUEXW1RLUWLHUDQG
QHYHUDOORZHGKLVGHVLUHVLQDQ\ZD\WREHFRQWUDGLFWHG
<HV,GRZDQWDQRWDU\PRWLRQHGWKHROGPDQVKXWWLQJ
KLVH\HVZLWKDORRNRIGHILDQFHZKLFKVHHPHGWRVD\DQG
,VKRXOGOLNHWRVHHWKHSHUVRQZKRGDUHVWRUHIXVHP\
UHTXHVW
<RXVKDOOKDYHDQRWDU\DV\RXDEVROXWHO\ZLVKIRURQH
VLUVDLG9LOOHIRUWEXW,VKDOOH[SODLQWRKLP\RXUVWDWH
RIKHDOWKDQGPDNHH[FXVHVIRU\RXIRUWKHVFHQHFDQQRW
IDLORIEHLQJDPRVWULGLFXORXVRQH
1HYHUPLQGWKDWVDLG%DUURLV,VKDOOJRDQGIHWFKD
QRWDU\QHYHUWKHOHVVDQGWKHROGVHUYDQWGHSDUWHG
WULXPSKDQWO\RQKLVPLVVLRQ

&KDSWHU
7KH:LOO
$VVRRQDV%DUURLVKDGOHIWWKHURRP1RLUWLHUORRNHGDW
9DOHQWLQHZLWKDPDOLFLRXVH[SUHVVLRQWKDWVDLGPDQ\WKLQJV
7KH\RXQJJLUOSHUIHFWO\XQGHUVWRRGWKHORRNDQGVRGLG
9LOOHIRUWIRUKLVFRXQWHQDQFHEHFDPHFORXGHGDQGKH

757

NQLWWHGKLVH\HEURZVDQJULO\+HWRRNDVHDWDQGTXLHWO\
DZDLWHGWKHDUULYDORIWKHQRWDU\1RLUWLHUVDZKLPVHDW
KLPVHOIZLWKDQDSSHDUDQFHRISHUIHFWLQGLIIHUHQFHDWWKH
VDPHWLPHJLYLQJDVLGHORRNDW9DOHQWLQHZKLFKPDGHKHU
XQGHUVWDQGWKDWVKHDOVRZDVWRUHPDLQLQWKHURRP
7KUHHTXDUWHUVRIDQKRXUDIWHU%DUURLVUHWXUQHGEULQJLQJ
WKHQRWDU\ZLWKKLP6LUVDLG9LOOHIRUWDIWHUWKHILUVW
VDOXWDWLRQVZHUHRYHU\RXZHUHVHQWIRUE\01RLUWLHU
ZKRP\RXVHHKHUH$OOKLVOLPEVKDYHEHFRPHFRPSOHWHO\
SDUDO\VHGKHKDVORVWKLVYRLFHDOVRDQGZHRXUVHOYHVILQG
PXFKWURXEOHLQHQGHDYRULQJWRFDWFKVRPHIUDJPHQWVRIKLV
PHDQLQJ1RLUWLHUFDVWDQDSSHDOLQJORRNRQ9DOHQWLQH
ZKLFKORRNZDVDWRQFHVRHDUQHVWDQGLPSHUDWLYHWKDWVKH
DQVZHUHGLPPHGLDWHO\6LUVDLGVKH,SHUIHFWO\
XQGHUVWDQGP\JUDQGIDWKHU
VPHDQLQJDWDOOWLPHV
7KDWLVTXLWHWUXHVDLG%DUURLVDQGWKDWLVZKDW,WROG
WKHJHQWOHPDQDVZHZDONHGDORQJ
3HUPLWPHVDLGWKHQRWDU\WXUQLQJILUVWWR9LOOHIRUWDQG
WKHQWR9DOHQWLQHSHUPLWPHWRVWDWHWKDWWKHFDVHLQ
TXHVWLRQLVMXVWRQHRIWKRVHLQZKLFKDSXEOLFRIILFHUOLNH
P\VHOIFDQQRWSURFHHGWRDFWZLWKRXWWKHUHE\LQFXUULQJD
GDQJHURXVUHVSRQVLELOLW\7KHILUVWWKLQJQHFHVVDU\WR
UHQGHUDQDFWYDOLGLVWKDWWKHQRWDU\VKRXOGEHWKRURXJKO\
FRQYLQFHGWKDWKHKDVIDLWKIXOO\LQWHUSUHWHGWKHZLOODQG
ZLVKHVRIWKHSHUVRQGLFWDWLQJWKHDFW1RZ,FDQQRWEHVXUH
RIWKHDSSUREDWLRQRUGLVDSSUREDWLRQRIDFOLHQWZKRFDQQRW
VSHDNDQGDVWKHREMHFWRIKLVGHVLUHRUKLVUHSXJQDQFH
FDQQRWEHFOHDUO\SURYHGWRPHRQDFFRXQWRIKLVZDQWRI
VSHHFKP\VHUYLFHVKHUHZRXOGEHTXLWHXVHOHVVDQGFDQQRW
EHOHJDOO\H[HUFLVHG7KHQRWDU\WKHQSUHSDUHGWRUHWLUH
$QLPSHUFHSWLEOHVPLOHRIWULXPSKZDVH[SUHVVHGRQWKHOLSV
RIWKHSURFXUHXU1RLUWLHUORRNHGDW9DOHQWLQHZLWKDQ
H[SUHVVLRQVRIXOORIJULHIWKDWVKHDUUHVWHGWKHGHSDUWXUH
RIWKHQRWDU\6LUVDLGVKHWKHODQJXDJHZKLFK,VSHDN
ZLWKP\JUDQGIDWKHUPD\EHHDVLO\OHDUQWDQG,FDQWHDFK
\RXLQDIHZPLQXWHVWRXQGHUVWDQGLWDOPRVWDVZHOODV,
FDQP\VHOI:LOO\RXWHOOPHZKDW\RXUHTXLUHLQRUGHUWR
VHW\RXUFRQVFLHQFHTXLWHDWHDVHRQWKHVXEMHFW"
,QRUGHUWRUHQGHUDQDFWYDOLG,PXVWEHFHUWDLQRIWKH
DSSUREDWLRQRUGLVDSSUREDWLRQRIP\FOLHQW,OOQHVVRIERG\
ZRXOGQRWDIIHFWWKHYDOLGLW\RIWKHGHHGEXWVDQLW\RI

758

PLQGLVDEVROXWHO\UHTXLVLWH
:HOOVLUE\WKHKHOSRIWZRVLJQVZLWKZKLFK,ZLOO
DFTXDLQW\RXSUHVHQWO\\RXPD\DVFHUWDLQZLWKSHUIHFW
FHUWDLQW\WKDWP\JUDQGIDWKHULVVWLOOLQWKHIXOO
SRVVHVVLRQRIDOOKLVPHQWDOIDFXOWLHV01RLUWLHUEHLQJ
GHSULYHGRIYRLFHDQGPRWLRQLVDFFXVWRPHGWRFRQYH\KLV
PHDQLQJE\FORVLQJKLVH\HVZKHQKHZLVKHVWRVLJQLI\C\HV

DQGWRZLQNZKHQKHPHDQVCQR
<RXQRZNQRZTXLWHHQRXJKWR
HQDEOH\RXWRFRQYHUVHZLWK01RLUWLHUWU\1RLUWLHU
JDYH9DOHQWLQHVXFKDORRNRIWHQGHUQHVVDQGJUDWLWXGHWKDW
LWZDVFRPSUHKHQGHGHYHQE\WKHQRWDU\KLPVHOI<RXKDYH
KHDUGDQGXQGHUVWRRGZKDW\RXUJUDQGGDXJKWHUKDVEHHQ
VD\LQJVLUKDYH\RX"DVNHGWKHQRWDU\1RLUWLHUFORVHG
KLVH\HV$QG\RXDSSURYHRIZKDWVKHVDLGWKDWLVWR
VD\\RXGHFODUHWKDWWKHVLJQVZKLFKVKHPHQWLRQHGDUH
UHDOO\WKRVHE\PHDQVRIZKLFK\RXDUHDFFXVWRPHGWRFRQYH\
\RXUWKRXJKWV"
<HV
,WZDV\RXZKRVHQWIRUPH"
<HV
7RPDNH\RXUZLOO"
<HV
$QG\RXGRQRWZLVKPHWRJRDZD\ZLWKRXWIXOILOOLQJ\RXU
RULJLQDOLQWHQWLRQV"7KHROGPDQZLQNHGYLROHQWO\:HOO
VLUVDLGWKH\RXQJJLUOGR\RXXQGHUVWDQGQRZDQGLV
\RXUFRQVFLHQFHSHUIHFWO\DWUHVWRQWKHVXEMHFW"%XW
EHIRUHWKHQRWDU\FRXOGDQVZHU9LOOHIRUWKDGGUDZQKLP
DVLGH6LUVDLGKHGR\RXVXSSRVHIRUDPRPHQWWKDWD
PDQFDQVXVWDLQDSK\VLFDOVKRFNVXFKDV01RLUWLHUKDV
UHFHLYHGZLWKRXWDQ\GHWULPHQWWRKLVPHQWDOIDFXOWLHV"
,WLVQRWH[DFWO\WKDWVLUVDLGWKHQRWDU\ZKLFKPDNHV
PHXQHDV\EXWWKHGLIILFXOW\ZLOOEHLQZRUGLQJKLV
WKRXJKWVDQGLQWHQWLRQVVRDVWREHDEOHWRJHWKLV
DQVZHUV
<RXPXVWVHHWKDWWREHDQXWWHULPSRVVLELOLW\VDLG

759

9LOOHIRUW9DOHQWLQHDQGWKHROGPDQKHDUGWKLV
FRQYHUVDWLRQDQG1RLUWLHUIL[HGKLVH\HVRHDUQHVWO\RQ
9DOHQWLQHWKDWVKHIHOWERXQGWRDQVZHUWRWKHORRN
6LUVDLGVKHWKDWQHHGQRWPDNH\RXXQHDV\KRZHYHU
GLIILFXOWLWPD\DWILUVWVLJKWDSSHDUWREH,FDQGLVFRYHU
DQGH[SODLQWR\RXP\JUDQGIDWKHU
VWKRXJKWVVRDVWRSXW
DQHQGWRDOO\RXUGRXEWVDQGIHDUVRQWKHVXEMHFW,KDYH
QRZEHHQVL[\HDUVZLWK01RLUWLHUDQGOHWKLPWHOO\RXLI
HYHURQFHGXULQJWKDWWLPHKHKDVHQWHUWDLQHGDWKRXJKW
ZKLFKKHZDVXQDEOHWRPDNHPHXQGHUVWDQG
1RVLJQHGWKHROGPDQ
/HWXVWU\ZKDWZHFDQGRWKHQVDLGWKHQRWDU\<RX
DFFHSWWKLV\RXQJODG\DV\RXULQWHUSUHWHU01RLUWLHU"
<HV
:HOOVLUZKDWGR\RXUHTXLUHRIPHDQGZKDWGRFXPHQWLV
LWWKDW\RXZLVKWREHGUDZQXS"9DOHQWLQHQDPHGDOOWKH
OHWWHUVRIWKHDOSKDEHWXQWLOVKHFDPHWR:$WWKLVOHWWHU
WKHHORTXHQWH\HRI1RLUWLHUJDYHKHUQRWLFHWKDWVKHZDVWR
VWRS,WLVYHU\HYLGHQWWKDWLWLVWKHOHWWHU:ZKLFK0
1RLUWLHUZDQWVVDLGWKHQRWDU\:DLWVDLG9DOHQWLQH
DQGWXUQLQJWRKHUJUDQGIDWKHUVKHUHSHDWHG:D:H
:L7KHROGPDQVWRSSHGKHUDWWKHODVWV\OODEOH
9DOHQWLQHWKHQWRRNWKHGLFWLRQDU\DQGWKHQRWDU\ZDWFKHG
KHUZKLOHVKHWXUQHGRYHUWKHSDJHV6KHSDVVHGKHUILQJHU
VORZO\GRZQWKHFROXPQVDQGZKHQVKHFDPHWRWKHZRUG
:LOO01RLUWLHU
VH\HEDGHKHUVWRS:LOOVDLGWKH
QRWDU\LWLVYHU\HYLGHQWWKDW01RLUWLHULVGHVLURXVRI
PDNLQJKLVZLOO
<HV\HV\HVPRWLRQHGWKHLQYDOLG
5HDOO\VLU\RXPXVWDOORZWKDWWKLVLVPRVW
H[WUDRUGLQDU\VDLGWKHDVWRQLVKHGQRWDU\WXUQLQJWR0GH
9LOOHIRUW<HVVDLGWKHSURFXUHXUDQG,WKLQNWKHZLOO
SURPLVHVWREH\HWPRUHH[WUDRUGLQDU\IRU,FDQQRWVHHKRZ
LWLVWREHGUDZQXSZLWKRXWWKHLQWHUYHQWLRQRI9DOHQWLQH
DQGVKHPD\SHUKDSVEHFRQVLGHUHGDVWRRPXFKLQWHUHVWHG
LQLWVFRQWHQWVWRDOORZRIKHUEHLQJDVXLWDEOHLQWHUSUHWHU
RIWKHREVFXUHDQGLOOGHILQHGZLVKHVRIKHUJUDQGIDWKHU

760

1RQRQRUHSOLHGWKHH\HRIWKHSDUDO\WLF
:KDW"VDLG9LOOHIRUWGR\RXPHDQWRVD\WKDW9DOHQWLQH
LVQRWLQWHUHVWHGLQ\RXUZLOO"
1R
6LUVDLGWKHQRWDU\ZKRVHLQWHUHVWKDGEHHQJUHDWO\
H[FLWHGDQGZKRKDGUHVROYHGRQSXEOLVKLQJIDUDQGZLGHWKH
DFFRXQWRIWKLVH[WUDRUGLQDU\DQGSLFWXUHVTXHVFHQHZKDW
DSSHDUHGVRLPSRVVLEOHWRPHDQKRXUDJRKDVQRZEHFRPH
TXLWHHDV\DQGSUDFWLFDEOHDQGWKLVPD\EHDSHUIHFWO\
YDOLGZLOOSURYLGHGLWEHUHDGLQWKHSUHVHQFHRIVHYHQ
ZLWQHVVHVDSSURYHGE\WKHWHVWDWRUDQGVHDOHGE\WKH
QRWDU\LQWKHSUHVHQFHRIWKHZLWQHVVHV$VWRWKHWLPHLW
ZLOOQRWUHTXLUHYHU\PXFKPRUHWKDQWKHJHQHUDOLW\RI
ZLOOV7KHUHDUHFHUWDLQIRUPVQHFHVVDU\WREHJRQHWKURXJK
DQGZKLFKDUHDOZD\VWKHVDPH$VWRWKHGHWDLOVWKH
JUHDWHUSDUWZLOOEHIXUQLVKHGDIWHUZDUGVE\WKHVWDWHLQ
ZKLFKZHILQGWKHDIIDLUVRIWKHWHVWDWRUDQGE\\RXUVHOI
ZKRKDYLQJKDGWKHPDQDJHPHQWRIWKHPFDQGRXEWOHVVJLYH
IXOOLQIRUPDWLRQRQWKHVXEMHFW%XWEHVLGHVDOOWKLVLQ
RUGHUWKDWWKHLQVWUXPHQWPD\QRWEHFRQWHVWHG,DPDQ[LRXV
WRJLYHLWWKHJUHDWHVWSRVVLEOHDXWKHQWLFLW\WKHUHIRUH
RQHRIP\FROOHDJXHVZLOOKHOSPHDQGFRQWUDU\WRFXVWRP
ZLOODVVLVWLQWKHGLFWDWLRQRIWKHWHVWDPHQW$UH\RX
VDWLVILHGVLU"FRQWLQXHGWKHQRWDU\DGGUHVVLQJWKHROG
PDQ
<HVORRNHGWKHLQYDOLGKLVH\HEHDPLQJZLWKGHOLJKWDW
WKHUHDG\LQWHUSUHWDWLRQRIKLVPHDQLQJ
:KDWLVKHJRLQJWRGR"WKRXJKW9LOOHIRUWZKRVHSRVLWLRQ
GHPDQGHGPXFKUHVHUYHEXWZKRZDVORQJLQJWRNQRZZKDWKLV
IDWKHU
VLQWHQWLRQVZHUH+HOHIWWKHURRPWRJLYHRUGHUV
IRUDQRWKHUQRWDU\WREHVHQWEXW%DUURLVZKRKDGKHDUG
DOOWKDWSDVVHGKDGJXHVVHGKLVPDVWHU
VZLVKHVDQGKDG
DOUHDG\JRQHWRIHWFKRQH7KHSURFXUHXUWKHQWROGKLVZLIH
WRFRPHXS,QWKHFRXUVHRIDTXDUWHURIDQKRXUHYHU\RQH
KDGDVVHPEOHGLQWKHFKDPEHURIWKHSDUDO\WLFWKHVHFRQG
QRWDU\KDGDOVRDUULYHG$IHZZRUGVVXIILFHGIRUDPXWXDO
XQGHUVWDQGLQJEHWZHHQWKHWZRRIILFHUVRIWKHODZ7KH\UHDG
WR1RLUWLHUWKHIRUPDOFRS\RIDZLOOLQRUGHUWRJLYHKLP

761

DQLGHDRIWKHWHUPVLQZKLFKVXFKGRFXPHQWVDUHJHQHUDOO\
FRXFKHGWKHQLQRUGHUWRWHVWWKHFDSDFLW\RIWKH
WHVWDWRUWKHILUVWQRWDU\VDLGWXUQLQJWRZDUGVKLP
:KHQDQLQGLYLGXDOPDNHVKLVZLOOLWLVJHQHUDOO\LQIDYRU
RULQSUHMXGLFHRIVRPHSHUVRQ
<HV
+DYH\RXDQH[DFWLGHDRIWKHDPRXQWRI\RXUIRUWXQH"
<HV
,ZLOOQDPHWR\RXVHYHUDOVXPVZKLFKZLOOLQFUHDVHE\
JUDGDWLRQ\RXZLOOVWRSPHZKHQ,UHDFKWKHRQH
UHSUHVHQWLQJWKHDPRXQWRI\RXURZQSRVVHVVLRQV"
<HV7KHUHZDVDNLQGRIVROHPQLW\LQWKLVLQWHUURJDWLRQ
1HYHUKDGWKHVWUXJJOHEHWZHHQPLQGDQGPDWWHUEHHQPRUH
DSSDUHQWWKDQQRZDQGLILWZDVQRWDVXEOLPHLWZDVDW
OHDVWDFXULRXVVSHFWDFOH7KH\KDGIRUPHGDFLUFOHURXQG
WKHLQYDOLGWKHVHFRQGQRWDU\ZDVVLWWLQJDWDWDEOH
SUHSDUHGIRUZULWLQJDQGKLVFROOHDJXHZDVVWDQGLQJEHIRUH
WKHWHVWDWRULQWKHDFWRILQWHUURJDWLQJKLPRQWKHVXEMHFW
WRZKLFKZHKDYHDOOXGHG<RXUIRUWXQHH[FHHGV
IUDQFVGRHVLWQRW"DVNHGKH1RLUWLHUPDGHDVLJQWKDWLW
GLG'R\RXSRVVHVVIUDQFV"LQTXLUHGWKHQRWDU\
1RLUWLHU
VH\HUHPDLQHGLPPRYDEOH)LYHKXQGUHGWKRXVDQG"
7KHVDPHH[SUHVVLRQFRQWLQXHG6L[KXQGUHGWKRXVDQG
"1RLUWLHUVWRSSHGKLPDWWKH
ODVWQDPHGVXP<RXDUHWKHQLQSRVVHVVLRQRI
IUDQFV"DVNHGWKHQRWDU\<HV
,QODQGHGSURSHUW\"
1R
,QVWRFN"
<HV
7KHVWRFNLVLQ\RXURZQKDQGV"7KHORRNZKLFK01RLUWLHU
FDVWRQ%DUURLVVKRZHGWKDWWKHUHZDVVRPHWKLQJZDQWLQJ
ZKLFKKHNQHZZKHUHWRILQG7KHROGVHUYDQWOHIWWKHURRP
DQGSUHVHQWO\UHWXUQHGEULQJLQJZLWKKLPDVPDOOFDVNHW

762

'R\RXSHUPLWXVWRRSHQWKLVFDVNHW"DVNHGWKHQRWDU\
1RLUWLHUJDYHKLVDVVHQW7KH\RSHQHGLWDQGIRXQG
IUDQFVLQEDQNVFULS7KHILUVWQRWDU\KDQGHGRYHUHDFK
QRWHDVKHH[DPLQHGLWWRKLVFROOHDJXH
7KHWRWDODPRXQWZDVIRXQGWREHDV01RLUWLHUKDGVWDWHG
,WLVDOODVKHKDVVDLGLWLVYHU\HYLGHQWWKDWWKHPLQG
VWLOOUHWDLQVLWVIXOOIRUFHDQGYLJRU7KHQWXUQLQJ
WRZDUGVWKHSDUDO\WLFKHVDLG<RXSRVVHVVWKHQ
IUDQFVRIFDSLWDOZKLFKDFFRUGLQJWRWKHPDQQHULQZKLFK
\RXKDYHLQYHVWHGLWRXJKWWREULQJLQDQLQFRPHRIDERXW
OLYUHV"
<HV
7RZKRPGR\RXGHVLUHWROHDYHWKLVIRUWXQH"
2KVDLG0DGDPHGH9LOOHIRUWWKHUHLVQRWPXFKGRXEWRQ
WKDWVXEMHFW01RLUWLHUWHQGHUO\ORYHVKLVJUDQGGDXJKWHU
0DGHPRLVHOOHGH9LOOHIRUWLWLVVKHZKRKDVQXUVHGDQG
WHQGHGKLPIRUVL[\HDUVDQGKDVE\KHUGHYRWHGDWWHQWLRQ
IXOO\VHFXUHGWKHDIIHFWLRQ,KDGDOPRVWVDLGWKH
JUDWLWXGHRIKHUJUDQGIDWKHUDQGLWLVEXWMXVWWKDWVKH
VKRXOGUHDSWKHIUXLWRIKHUGHYRWLRQ7KHH\HRI1RLUWLHU
FOHDUO\VKRZHGE\LWVH[SUHVVLRQWKDWKHZDVQRWGHFHLYHGE\
WKHIDOVHDVVHQWJLYHQE\0DGDPHGH9LOOHIRUW
VZRUGVDQG
PDQQHUWRWKHPRWLYHVZKLFKVKHVXSSRVHGKLPWRHQWHUWDLQ
,VLWWKHQWR0DGHPRLVHOOH9DOHQWLQHGH9LOOHIRUWWKDW
\RXOHDYHWKHVHIUDQFV"GHPDQGHGWKHQRWDU\
WKLQNLQJKHKDGRQO\WRLQVHUWWKLVFODXVHEXWZDLWLQJ
ILUVWIRUWKHDVVHQWRI1RLUWLHUZKLFKLWZDVQHFHVVDU\
VKRXOGEHJLYHQEHIRUHDOOWKHZLWQHVVHVRIWKLVVLQJXODU
VFHQH9DOHQWLQHZKHQKHUQDPHZDVPDGHWKHVXEMHFWRI
GLVFXVVLRQKDGVWHSSHGEDFNWRHVFDSHXQSOHDVDQW
REVHUYDWLRQKHUH\HVZHUHFDVWGRZQDQGVKHZDVFU\LQJ
7KHROGPDQORRNHGDWKHUIRUDQLQVWDQWZLWKDQH[SUHVVLRQ
RIWKHGHHSHVWWHQGHUQHVVWKHQWXUQLQJWRZDUGVWKHQRWDU\
KHVLJQLILFDQWO\ZLQNHGKLVH\HLQWRNHQRIGLVVHQW
:KDWVDLGWKHQRWDU\GR\RXQRWLQWHQGPDNLQJ
0DGHPRLVHOOH9DOHQWLQHGH9LOOHIRUW\RXUUHVLGXDU\OHJDWHH"
1R

763

<RXDUHQRWPDNLQJDQ\PLVWDNHDUH\RX"VDLGWKHQRWDU\
\RXUHDOO\PHDQWRGHFODUHWKDWVXFKLVQRW\RXU
LQWHQWLRQ"
1RUHSHDWHG1RLUWLHU1R9DOHQWLQHUDLVHGKHUKHDG
VWUXFNGXPEZLWKDVWRQLVKPHQW,WZDVQRWVRPXFKWKH
FRQYLFWLRQWKDWVKHZDVGLVLQKHULWHGWKDWFDXVHGKHUJULHI
EXWKHUWRWDOLQDELOLW\WRDFFRXQWIRUWKHIHHOLQJVZKLFK
KDGSURYRNHGKHUJUDQGIDWKHUWRVXFKDQDFW%XW1RLUWLHU
ORRNHGDWKHUZLWKVRPXFKDIIHFWLRQDWHWHQGHUQHVVWKDWVKH
H[FODLPHG2KJUDQGSDSD,VHHQRZWKDWLWLVRQO\\RXU
IRUWXQHRIZKLFK\RXGHSULYHPH\RXVWLOOOHDYHPHWKHORYH
ZKLFK,KDYHDOZD\VHQMR\HG
$K\HVPRVWDVVXUHGO\VDLGWKHH\HVRIWKHSDUDO\WLF
IRUKHFORVHGWKHPZLWKDQH[SUHVVLRQZKLFK9DOHQWLQHFRXOG
QRWPLVWDNH7KDQN\RXWKDQN\RXPXUPXUHGVKH7KHROG
PDQ
VGHFODUDWLRQWKDW9DOHQWLQHZDVQRWWKHGHVWLQHG
LQKHULWRURIKLVIRUWXQHKDGH[FLWHGWKHKRSHVRI0DGDPHGH
9LOOHIRUWVKHJUDGXDOO\DSSURDFKHGWKHLQYDOLGDQGVDLG
7KHQGRXEWOHVVGHDU01RLUWLHU\RXLQWHQGOHDYLQJ\RXU
IRUWXQHWR\RXUJUDQGVRQ(GZDUGGH9LOOHIRUW"7KHZLQNLQJ
RIWKHH\HVZKLFKDQVZHUHGWKLVVSHHFKZDVPRVWGHFLGHGDQG
WHUULEOHDQGH[SUHVVHGDIHHOLQJDOPRVWDPRXQWLQJWR
KDWUHG
1R"VDLGWKHQRWDU\WKHQSHUKDSVLWLVWR\RXUVRQ0
GH9LOOHIRUW"
1R7KHWZRQRWDULHVORRNHGDWHDFKRWKHULQPXWH
DVWRQLVKPHQWDQGLQTXLU\DVWRZKDWZHUHWKHUHDOLQWHQWLRQV
RIWKHWHVWDWRU9LOOHIRUWDQGKLVZLIHERWKJUHZUHGRQH
IURPVKDPHWKHRWKHUIURPDQJHU
:KDWKDYHZHDOOGRQHWKHQGHDUJUDQGSDSD"VDLG
9DOHQWLQH\RXQRORQJHUVHHPWRORYHDQ\RIXV"7KHROG
PDQ
VH\HVSDVVHGUDSLGO\IURP9LOOHIRUWDQGKLVZLIHDQG
UHVWHGRQ9DOHQWLQHZLWKDORRNRIXQXWWHUDEOHIRQGQHVV
:HOOVDLGVKHLI\RXORYHPHJUDQGSDSDWU\DQGEULQJ
WKDWORYHWREHDUXSRQ\RXUDFWLRQVDWWKLVSUHVHQWPRPHQW
<RXNQRZPHZHOOHQRXJKWREHTXLWHVXUHWKDW,KDYHQHYHU
WKRXJKWRI\RXUIRUWXQHEHVLGHVWKH\VD\,DPDOUHDG\ULFK
LQULJKWRIP\PRWKHUWRRULFKHYHQ([SODLQ\RXUVHOI
WKHQ1RLUWLHUIL[HGKLVLQWHOOLJHQWH\HVRQ9DOHQWLQH
V

764

KDQG0\KDQG"VDLGVKH
<HV
+HUKDQGH[FODLPHGHYHU\RQH
2KJHQWOHPHQ\RXVHHLWLVDOOXVHOHVVDQGWKDWP\
IDWKHU
VPLQGLVUHDOO\LPSDLUHGVDLG9LOOHIRUW
$KFULHG9DOHQWLQHVXGGHQO\,XQGHUVWDQG,WLVP\
PDUULDJH\RXPHDQLVLWQRWGHDUJUDQGSDSD"
<HV\HV\HVVLJQHGWKHSDUDO\WLFFDVWLQJRQ9DOHQWLQH
DORRNRIMR\IXOJUDWLWXGHIRUKDYLQJJXHVVHGKLVPHDQLQJ
<RXDUHDQJU\ZLWKXVDOORQDFFRXQWRIWKLVPDUULDJHDUH
\RXQRW"
<HV"
5HDOO\WKLVLVWRRDEVXUGVDLG9LOOHIRUW
([FXVHPHVLUUHSOLHGWKHQRWDU\RQWKHFRQWUDU\WKH
PHDQLQJRI01RLUWLHULVTXLWHHYLGHQWWRPHDQG,FDQ
TXLWHHDVLO\FRQQHFWWKHWUDLQRILGHDVSDVVLQJLQKLV
PLQG
<RXGRQRWZLVKPHWRPDUU\0)UDQ]G
(SLQD\"REVHUYHG
9DOHQWLQH
,GRQRWZLVKLWVDLGWKHH\HRIKHUJUDQGIDWKHU$QG
\RXGLVLQKHULW\RXUJUDQGGDXJKWHUFRQWLQXHGWKHQRWDU\
EHFDXVHVKHKDVFRQWUDFWHGDQHQJDJHPHQWFRQWUDU\WR\RXU
ZLVKHV"
<HV
6RWKDWEXWIRUWKLVPDUULDJHVKHZRXOGKDYHEHHQ\RXU
KHLU"
<HV7KHUHZDVDSURIRXQGVLOHQFH7KHWZRQRWDULHVZHUH
KROGLQJDFRQVXOWDWLRQDVWRWKHEHVWPHDQVRISURFHHGLQJ
ZLWKWKHDIIDLU9DOHQWLQHZDVORRNLQJDWKHUJUDQGIDWKHU
ZLWKDVPLOHRILQWHQVHJUDWLWXGHDQG9LOOHIRUWZDVELWLQJ

765

KLVOLSVZLWKYH[DWLRQZKLOH0DGDPHGH9LOOHIRUWFRXOGQRW
VXFFHHGLQUHSUHVVLQJDQLQZDUGIHHOLQJRIMR\ZKLFKLQ
VSLWHRIKHUVHOIDSSHDUHGLQKHUZKROHFRXQWHQDQFH%XW
VDLG9LOOHIRUWZKRZDVWKHILUVWWREUHDNWKHVLOHQFH,
FRQVLGHUWKDW,DPWKHEHVWMXGJHRIWKHSURSULHW\RIWKH
PDUULDJHLQTXHVWLRQ,DPWKHRQO\SHUVRQSRVVHVVLQJWKH
ULJKWWRGLVSRVHRIP\GDXJKWHU
VKDQG,WLVP\ZLVKWKDW
VKHVKRXOGPDUU\0)UDQ]G
(SLQD\DQGVKHVKDOOPDUU\
KLP9DOHQWLQHVDQNZHHSLQJLQWRDFKDLU
6LUVDLGWKHQRWDU\KRZGR\RXLQWHQGGLVSRVLQJRI\RXU
IRUWXQHLQFDVH0DGHPRLVHOOHGH9LOOHIRUWVWLOOGHWHUPLQHV
RQPDUU\LQJ0)UDQ]"7KHROGPDQJDYHQRDQVZHU<RX
ZLOORIFRXUVHGLVSRVHRILWLQVRPHZD\RURWKHU"
<HV
,QIDYRURIVRPHPHPEHURI\RXUIDPLO\"
1R
'R\RXLQWHQGGHYRWLQJLWWRFKDULWDEOHSXUSRVHVWKHQ"
SXUVXHGWKHQRWDU\
<HV
%XWVDLGWKHQRWDU\\RXDUHDZDUHWKDWWKHODZGRHVQRW
DOORZDVRQWREHHQWLUHO\GHSULYHGRIKLVSDWULPRQ\"
<HV
<RXRQO\LQWHQGWKHQWRGLVSRVHRIWKDWSDUWRI\RXU
IRUWXQHZKLFKWKHODZDOORZV\RXWRVXEWUDFWIURPWKH
LQKHULWDQFHRI\RXUVRQ"1RLUWLHUPDGHQRDQVZHU'R\RX
VWLOOZLVKWRGLVSRVHRIDOO"
<HV
%XWWKH\ZLOOFRQWHVWWKHZLOODIWHU\RXUGHDWK"
1R
0\IDWKHUNQRZVPHUHSOLHG9LOOHIRUWKHLVTXLWHVXUH
WKDWKLVZLVKHVZLOOEHKHOGVDFUHGE\PHEHVLGHVKH

766

XQGHUVWDQGVWKDWLQP\SRVLWLRQ,FDQQRWSOHDGDJDLQVWWKH
SRRU7KHH\HRI1RLUWLHUEHDPHGZLWKWULXPSK:KDWGR\RX
GHFLGHRQVLU"DVNHGWKHQRWDU\RI9LOOHIRUW
1RWKLQJVLULWLVDUHVROXWLRQZKLFKP\IDWKHUKDVWDNHQ
DQG,NQRZKHQHYHUDOWHUVKLVPLQG,DPTXLWHUHVLJQHG
7KHVHIUDQFVZLOOJRRXWRIWKHIDPLO\LQRUGHUWR
HQULFKVRPHKRVSLWDOEXWLWLVULGLFXORXVWKXVWR\LHOGWR
WKHFDSULFHVRIDQROGPDQDQG,VKDOOWKHUHIRUHDFW
DFFRUGLQJWRP\FRQVFLHQFH+DYLQJVDLGWKLV9LOOHIRUW
TXLWWHGWKHURRPZLWKKLVZLIHOHDYLQJKLVIDWKHUDW
OLEHUW\WRGRDVKHSOHDVHG7KHVDPHGD\WKHZLOOZDVPDGH
WKHZLWQHVVHVZHUHEURXJKWLWZDVDSSURYHGE\WKHROGPDQ
VHDOHGLQWKHSUHVHQFHRIDOODQGJLYHQLQFKDUJHWR0
'HVFKDPSVWKHIDPLO\QRWDU\

&KDSWHU
7KH7HOHJUDSK
0DQG0DGDPHGH9LOOHIRUWIRXQGRQWKHLUUHWXUQWKDWWKH
&RXQWRI0RQWH&ULVWRZKRKDGFRPHWRYLVLWWKHPLQWKHLU
DEVHQFHKDGEHHQXVKHUHGLQWRWKHGUDZLQJURRPDQGZDV
VWLOODZDLWLQJWKHPWKHUH0DGDPHGH9LOOHIRUWZKRKDGQRW
\HWVXIILFLHQWO\UHFRYHUHGIURPKHUODWHHPRWLRQWRDOORZRI
KHUHQWHUWDLQLQJYLVLWRUVVRLPPHGLDWHO\UHWLUHGWRKHU
EHGURRPZKLOHWKHSURFXUHXUZKRFRXOGEHWWHUGHSHQGXSRQ
KLPVHOISURFHHGHGDWRQFHWRWKHVDORQ$OWKRXJK0GH
9LOOHIRUWIODWWHUHGKLPVHOIWKDWWRDOORXWZDUGYLHZKH
KDGFRPSOHWHO\PDVNHGWKHIHHOLQJVZKLFKZHUHSDVVLQJLQKLV
PLQGKHGLGQRWNQRZWKDWWKHFORXGZDVVWLOOORZHULQJRQ
KLVEURZVRPXFKVRWKDWWKHFRXQWZKRVHVPLOHZDV
UDGLDQWLPPHGLDWHO\QRWLFHGKLVVRPEUHDQGWKRXJKWIXODLU
0DIRLVDLG0RQWH&ULVWRDIWHUWKHILUVWFRPSOLPHQWV
ZHUHRYHUZKDWLVWKHPDWWHUZLWK\RX0GH9LOOHIRUW"
+DYH,DUULYHGDWWKHPRPHQWZKHQ\RXZHUHGUDZLQJXSDQ
LQGLFWPHQWIRUDFDSLWDOFULPH"9LOOHIRUWWULHGWRVPLOH
1RFRXQWKHUHSOLHG,DPWKHRQO\YLFWLPLQWKLVFDVH
,WLV,ZKRORVHP\FDXVHDQGLWLVLOOOXFNREVWLQDF\
DQGIROO\ZKLFKKDYHFDXVHGLWWREHGHFLGHGDJDLQVWPH
7RZKDWGR\RXUHIHU"VDLG0RQWH&ULVWRZLWKZHOOIHLJQHG
LQWHUHVW+DYH\RXUHDOO\PHWZLWKVRPHJUHDWPLVIRUWXQH"

767

2KQRPRQVLHXUVDLG9LOOHIRUWZLWKDELWWHUVPLOHLW
LVRQO\DORVVRIPRQH\ZKLFK,KDYHVXVWDLQHGQRWKLQJ
ZRUWKPHQWLRQLQJ,DVVXUH\RX
7UXHVDLG0RQWH&ULVWRWKHORVVRIDVXPRIPRQH\
EHFRPHVDOPRVWLPPDWHULDOZLWKDIRUWXQHVXFKDV\RX
SRVVHVVDQGWRRQHRI\RXUSKLORVRSKLFVSLULW
,WLVQRWVRPXFKWKHORVVRIWKHPRQH\WKDWYH[HVPH
VDLG9LOOHIRUWWKRXJKDIWHUDOOIUDQFVDUHZRUWK
UHJUHWWLQJEXW,DPWKHPRUHDQQR\HGZLWKWKLVIDWH
FKDQFHRUZKDWHYHU\RXSOHDVHWRFDOOWKHSRZHUZKLFKKDV
GHVWUR\HGP\KRSHVDQGP\IRUWXQHDQGPD\EODVWWKH
SURVSHFWVRIP\FKLOGDOVRDVLWLVDOORFFDVLRQHGE\DQ
ROGPDQUHODSVHGLQWRVHFRQGFKLOGKRRG
:KDWGR\RXVD\"VDLGWKHFRXQWIUDQFV",WLV
LQGHHGDVXPZKLFKPLJKWEHUHJUHWWHGHYHQE\DSKLORVRSKHU
$QGZKRLVWKHFDXVHRIDOOWKLVDQQR\DQFH"
0\IDWKHUDV,WROG\RX
01RLUWLHU"%XW,WKRXJKW\RXWROGPHKHKDGEHFRPH
HQWLUHO\SDUDO\]HGDQGWKDWDOOKLVIDFXOWLHVZHUH
FRPSOHWHO\GHVWUR\HG"
<HVKLVERGLO\IDFXOWLHVIRUKHFDQQHLWKHUPRYHQRU
VSHDNQHYHUWKHOHVVKHWKLQNVDFWVDQGZLOOVLQWKHPDQQHU
,KDYHGHVFULEHG,OHIWKLPDERXWILYHPLQXWHVDJRDQGKH
LVQRZRFFXSLHGLQGLFWDWLQJKLVZLOOWRWZRQRWDULHV
%XWWRGRWKLVKHPXVWKDYHVSRNHQ"
+HKDVGRQHEHWWHUWKDQWKDWKHKDVPDGHKLPVHOI
XQGHUVWRRG
+RZZDVVXFKDWKLQJSRVVLEOH"
%\WKHKHOSRIKLVH\HVZKLFKDUHVWLOOIXOORIOLIHDQG
DV\RXSHUFHLYHSRVVHVVWKHSRZHURILQIOLFWLQJPRUWDO
LQMXU\
0\GHDUVDLG0DGDPHGH9LOOHIRUWZKRKDGMXVWHQWHUHG

768

WKHURRPSHUKDSV\RXH[DJJHUDWHWKHHYLO
*RRGPRUQLQJPDGDPHVDLGWKHFRXQWERZLQJ0DGDPHGH
9LOOHIRUWDFNQRZOHGJHGWKHVDOXWDWLRQZLWKRQHRIKHUPRVW
JUDFLRXVVPLOHV:KDWLVWKLVWKDW0GH9LOOHIRUWKDVEHHQ
WHOOLQJPH"GHPDQGHG0RQWH&ULVWRDQGZKDW
LQFRPSUHKHQVLEOHPLVIRUWXQH
,QFRPSUHKHQVLEOHLVQRWWKHZRUGLQWHUUXSWHGWKH
SURFXUHXUVKUXJJLQJKLVVKRXOGHUV,WLVDQROGPDQ
V
FDSULFH
$QGLVWKHUHQRPHDQVRIPDNLQJKLPUHYRNHKLVGHFLVLRQ"
<HVVDLG0DGDPHGH9LOOHIRUWDQGLWLVVWLOOHQWLUHO\
LQWKHSRZHURIP\KXVEDQGWRFDXVHWKHZLOOZKLFKLVQRZ
LQSUHMXGLFHRI9DOHQWLQHWREHDOWHUHGLQKHUIDYRU7KH
FRXQWZKRSHUFHLYHGWKDW0DQG0DGDPHGH9LOOHIRUWZHUH
EHJLQQLQJWRVSHDNLQSDUDEOHVDSSHDUHGWRSD\QRDWWHQWLRQ
WRWKHFRQYHUVDWLRQDQGIHLJQHGWREHEXVLO\HQJDJHGLQ
ZDWFKLQJ(GZDUGZKRZDVPLVFKLHYRXVO\SRXULQJVRPHLQNLQWR
WKHELUG
VZDWHUJODVV0\GHDUVDLG9LOOHIRUWLQDQVZHU
WRKLVZLIH\RXNQRZ,KDYHQHYHUEHHQDFFXVWRPHGWRSOD\
WKHSDWULDUFKLQP\IDPLO\QRUKDYH,HYHUFRQVLGHUHGWKDW
WKHIDWHRIDXQLYHUVHZDVWREHGHFLGHGE\P\QRG
1HYHUWKHOHVVLWLVQHFHVVDU\WKDWP\ZLOOVKRXOGEH
UHVSHFWHGLQP\IDPLO\DQGWKDWWKHIROO\RIDQROGPDQDQG
WKHFDSULFHRIDFKLOGVKRXOGQRWEHDOORZHGWRRYHUWXUQD
SURMHFWZKLFK,KDYHHQWHUWDLQHGIRUVRPDQ\\HDUV7KH
%DURQG
(SLQD\ZDVP\IULHQGDV\RXNQRZDQGDQDOOLDQFH
ZLWKKLVVRQLVWKHPRVWVXLWDEOHWKLQJWKDWFRXOGSRVVLEO\
EHDUUDQJHG
'R\RXWKLQNVDLG0DGDPHGH9LOOHIRUWWKDW9DOHQWLQHLV
LQOHDJXHZLWKKLP"6KHKDVDOZD\VEHHQRSSRVHGWRWKLV
PDUULDJHDQG,VKRXOGQRWEHDWDOOVXUSULVHGLIZKDWZH
KDYHMXVWVHHQDQGKHDUGLVQRWKLQJEXWWKHH[HFXWLRQRID
SODQFRQFHUWHGEHWZHHQWKHP
0DGDPHVDLG9LOOHIRUWEHOLHYHPHDIRUWXQHRI
IUDQFVLVQRWVRHDVLO\UHQRXQFHG
6KHFRXOGQHYHUWKHOHVVPDNHXSKHUPLQGWRUHQRXQFHWKH
ZRUOGVLUVLQFHLWLVRQO\DERXWD\HDUDJRWKDWVKH

769

KHUVHOISURSRVHGHQWHULQJDFRQYHQW
1HYHUPLQGUHSOLHG9LOOHIRUW,VD\WKDWWKLVPDUULDJH
VKDOOEHFRQVXPPDWHG
1RWZLWKVWDQGLQJ\RXUIDWKHU
VZLVKHVWRWKHFRQWUDU\"VDLG
0DGDPHGH9LOOHIRUWVHOHFWLQJDQHZSRLQWRIDWWDFN7KDW
LVDVHULRXVWKLQJ0RQWH&ULVWRZKRSUHWHQGHGQRWWREH
OLVWHQLQJKHDUGKRZHYHUHYHU\ZRUGWKDWZDVVDLG
0DGDPHUHSOLHG9LOOHIRUW,FDQWUXO\VD\WKDW,KDYH
DOZD\VHQWHUWDLQHGDKLJKUHVSHFWIRUP\IDWKHUEHFDXVHWR
WKHQDWXUDOIHHOLQJRIUHODWLRQVKLSZDVDGGHGWKH
FRQVFLRXVQHVVRIKLVPRUDOVXSHULRULW\7KHQDPHRIIDWKHU
LVVDFUHGLQWZRVHQVHVKHVKRXOGEHUHYHUHQFHGDVWKH
DXWKRURIRXUEHLQJDQGDVDPDVWHUZKRPZHRXJKWWRREH\
%XWXQGHUWKHSUHVHQWFLUFXPVWDQFHV,DPMXVWLILHGLQ
GRXEWLQJWKHZLVGRPRIDQROGPDQZKREHFDXVHKHKDWHGWKH
IDWKHUYHQWVKLVDQJHURQWKHVRQ,WZRXOGEHULGLFXORXV
LQPHWRUHJXODWHP\FRQGXFWE\VXFKFDSULFHV,VKDOOVWLOO
FRQWLQXHWRSUHVHUYHWKHVDPHUHVSHFWWRZDUG01RLUWLHU,
ZLOOVXIIHUZLWKRXWFRPSODLQWWKHSHFXQLDU\GHSULYDWLRQWR
ZKLFKKHKDVVXEMHFWHGPHEXW,VKDOOUHPDLQILUPLQP\
GHWHUPLQDWLRQDQGWKHZRUOGVKDOOVHHZKLFKSDUW\KLV
UHDVRQRQKLVVLGH&RQVHTXHQWO\,VKDOOPDUU\P\GDXJKWHU
WRWKH%DURQ)UDQ]G
(SLQD\EHFDXVH,FRQVLGHULWZRXOGEH
DSURSHUDQGHOLJLEOHPDWFKIRUKHUWRPDNHDQGLQVKRUW
EHFDXVH,FKRRVHWREHVWRZP\GDXJKWHU
VKDQGRQZKRPHYHU,
SOHDVH
:KDW"VDLGWKHFRXQWWKHDSSUREDWLRQRIZKRVHH\H
9LOOHIRUWKDGIUHTXHQWO\VROLFLWHGGXULQJWKLVVSHHFK
:KDW"'R\RXVD\WKDW01RLUWLHUGLVLQKHULWV0DGHPRLVHOOH
GH9LOOHIRUWEHFDXVHVKHLVJRLQJWRPDUU\0OH%DURQ)UDQ]
G
(SLQD\"
<HVVLUWKDWLVWKHUHDVRQVDLG9LOOHIRUWVKUXJJLQJ
KLVVKRXOGHUV
7KHDSSDUHQWUHDVRQDWOHDVWVDLG0DGDPHGH9LOOHIRUW
7KHUHDOUHDVRQPDGDPH,FDQDVVXUH\RX,NQRZP\
IDWKHU
%XW,ZDQWWRNQRZLQZKDWZD\0G
(SLQD\FDQKDYH

770

GLVSOHDVHG\RXUIDWKHUPRUHWKDQDQ\RWKHUSHUVRQ"
,EHOLHYH,NQRZ0)UDQ]G
(SLQD\VDLGWKHFRXQWLVKH
QRWWKHVRQRI*HQHUDOGH4XHVQHOZKRZDVFUHDWHG%DURQ
G
(SLQD\E\&KDUOHV;"
7KHVDPHVDLG9LOOHIRUW
:HOOEXWKHLVDFKDUPLQJ\RXQJPDQDFFRUGLQJWRP\
LGHDV
+HLVZKLFKPDNHVPHEHOLHYHWKDWLWLVRQO\DQH[FXVHRI
01RLUWLHUWRSUHYHQWKLVJUDQGGDXJKWHUPDUU\LQJROGPHQ
DUHDOZD\VVRVHOILVKLQWKHLUDIIHFWLRQVDLG0DGDPHGH
9LOOHIRUW
%XWVDLG0RQWH&ULVWRGR\RXQRWNQRZDQ\FDXVHIRUWKLV
KDWUHG"
$KPDIRLZKRLVWRNQRZ"
3HUKDSVLWLVVRPHSROLWLFDOGLIIHUHQFH"
0\IDWKHUDQGWKH%DURQG
(SLQD\OLYHGLQWKHVWRUP\WLPHV
RIZKLFK,RQO\VDZWKHHQGLQJVDLG9LOOHIRUW
:DVQRW\RXUIDWKHUD%RQDSDUWLVW"DVNHG0RQWH&ULVWR,
WKLQN,UHPHPEHUWKDW\RXWROGPHVRPHWKLQJRIWKDWNLQG
0\IDWKHUKDVEHHQD-DFRELQPRUHWKDQDQ\WKLQJHOVHVDLG
9LOOHIRUWFDUULHGE\KLVHPRWLRQEH\RQGWKHERXQGVRI
SUXGHQFHDQGWKHVHQDWRU
VUREHZKLFK1DSROHRQFDVWRQ
KLVVKRXOGHUVRQO\VHUYHGWRGLVJXLVHWKHROGPDQZLWKRXW
LQDQ\GHJUHHFKDQJLQJKLP:KHQP\IDWKHUFRQVSLUHGLWZDV
QRWIRUWKHHPSHURULWZDVDJDLQVWWKH%RXUERQVIRU0
1RLUWLHUSRVVHVVHGWKLVSHFXOLDULW\KHQHYHUSURMHFWHGDQ\
8WRSLDQVFKHPHVZKLFKFRXOGQHYHUEHUHDOL]HGEXWVWURYH
IRUSRVVLELOLWLHVDQGKHDSSOLHGWRWKHUHDOL]DWLRQRI
WKHVHSRVVLELOLWLHVWKHWHUULEOHWKHRULHVRI7KH0RXQWDLQ
WKHRULHVWKDWQHYHUVKUDQNIURPDQ\PHDQVWKDWZHUH
GHHPHGQHFHVVDU\WREULQJDERXWWKHGHVLUHGUHVXOW
:HOOVDLG0RQWH&ULVWRLWLVMXVWDV,WKRXJKWLWZDV
SROLWLFVZKLFKEURXJKW1RLUWLHUDQG0G
(SLQD\LQWR

771

SHUVRQDOFRQWDFW$OWKRXJK*HQHUDOG
(SLQD\VHUYHGXQGHU
1DSROHRQGLGKHQRWVWLOOUHWDLQUR\DOLVWVHQWLPHQWV"$QG
ZDVKHQRWWKHSHUVRQZKRZDVDVVDVVLQDWHGRQHHYHQLQJRQ
OHDYLQJD%RQDSDUWLVWPHHWLQJWRZKLFKKHKDGEHHQLQYLWHG
RQWKHVXSSRVLWLRQWKDWKHIDYRUHGWKHFDXVHRIWKH
HPSHURU"9LOOHIRUWORRNHGDWWKHFRXQWDOPRVWZLWKWHUURU
$P,PLVWDNHQWKHQ"VDLG0RQWH&ULVWR
1RVLUWKHIDFWVZHUHSUHFLVHO\ZKDW\RXKDYHVWDWHG
VDLG0DGDPHGH9LOOHIRUWDQGLWZDVWRSUHYHQWWKHUHQHZDO
RIROGIHXGVWKDW0GH9LOOHIRUWIRUPHGWKHLGHDRIXQLWLQJ
LQWKHERQGVRIDIIHFWLRQWKHWZRFKLOGUHQRIWKHVH
LQYHWHUDWHHQHPLHV
,WZDVDVXEOLPHDQGFKDULWDEOHWKRXJKWVDLG0RQWH
&ULVWRDQGWKHZKROHZRUOGVKRXOGDSSODXGLW,WZRXOGEH
QREOHWRVHH0DGHPRLVHOOH1RLUWLHUGH9LOOHIRUWDVVXPLQJWKH
WLWOHRI0DGDPH)UDQ]G
(SLQD\9LOOHIRUWVKXGGHUHGDQG
ORRNHGDW0RQWH&ULVWRDVLIKHZLVKHGWRUHDGLQKLV
FRXQWHQDQFHWKHUHDOIHHOLQJVZKLFKKDGGLFWDWHGWKHZRUGV
KHKDGMXVWXWWHUHG%XWWKHFRXQWFRPSOHWHO\EDIIOHGWKH
SURFXUHXUDQGSUHYHQWHGKLPIURPGLVFRYHULQJDQ\WKLQJ
EHQHDWKWKHQHYHUYDU\LQJVPLOHKHZDVVRFRQVWDQWO\LQWKH
KDELWRIDVVXPLQJ$OWKRXJKVDLG9LOOHIRUWLWZLOOEHD
VHULRXVWKLQJIRU9DOHQWLQHWRORVHKHUJUDQGIDWKHU
V
IRUWXQH,GRQRWWKLQNWKDW0G
(SLQD\ZLOOEHIULJKWHQHG
DWWKLVSHFXQLDU\ORVV+HZLOOSHUKDSVKROGPHLQJUHDWHU
HVWHHPWKDQWKHPRQH\LWVHOIVHHLQJWKDW,VDFULILFH
HYHU\WKLQJLQRUGHUWRNHHSP\ZRUGZLWKKLP%HVLGHVKH
NQRZVWKDW9DOHQWLQHLVULFKLQULJKWRIKHUPRWKHUDQG
WKDWVKHZLOOLQDOOSUREDELOLW\LQKHULWWKHIRUWXQHRI0
DQG0DGDPHGH6DLQW0HUDQKHUPRWKHU
VSDUHQWVZKRERWK
ORYHKHUWHQGHUO\
$QGZKRDUHIXOO\DVZHOOZRUWKORYLQJDQGWHQGLQJDV0
1RLUWLHUVDLG0DGDPHGH9LOOHIRUWEHVLGHVWKH\DUHWR
FRPHWR3DULVLQDERXWDPRQWKDQG9DOHQWLQHDIWHUWKH
DIIURQWVKHKDVUHFHLYHGQHHGQRWFRQVLGHULWQHFHVVDU\WR
FRQWLQXHWREXU\KHUVHOIDOLYHE\EHLQJVKXWXSZLWK0
1RLUWLHU7KHFRXQWOLVWHQHGZLWKVDWLVIDFWLRQWRWKLVWDOH
RIZRXQGHGVHOIORYHDQGGHIHDWHGDPELWLRQ%XWLWVHHPVWR
PHVDLG0RQWH&ULVWRDQG,PXVWEHJLQE\DVNLQJ\RXU
SDUGRQIRUZKDW,DPDERXWWRVD\WKDWLI01RLUWLHU
GLVLQKHULWV0DGHPRLVHOOHGH9LOOHIRUWEHFDXVHVKHLVJRLQJ

772

WRPDUU\DPDQZKRVHIDWKHUKHGHWHVWHGKHFDQQRWKDYHWKH
VDPHFDXVHRIFRPSODLQWDJDLQVWWKLVGHDU(GZDUG
7UXHVDLG0DGDPHGH9LOOHIRUWZLWKDQLQWRQDWLRQRI
YRLFHZKLFKLWLVLPSRVVLEOHWRGHVFULEHLVLWQRWXQMXVW
VKDPHIXOO\XQMXVW"3RRU(GZDUGLVDVPXFK01RLUWLHU
V
JUDQGFKLOGDV9DOHQWLQHDQG\HWLIVKHKDGQRWEHHQJRLQJ
WRPDUU\0)UDQ]01RLUWLHUZRXOGKDYHOHIWKHUDOOKLV
PRQH\DQGVXSSRVLQJ9DOHQWLQHWREHGLVLQKHULWHGE\KHU
JUDQGIDWKHUVKHZLOOVWLOOEHWKUHHWLPHVULFKHUWKDQKH
7KHFRXQWOLVWHQHGDQGVDLGQRPRUH&RXQWVDLG
9LOOHIRUWZHZLOOQRWHQWHUWDLQ\RXDQ\ORQJHUZLWKRXU
IDPLO\PLVIRUWXQHV,WLVWUXHWKDWP\SDWULPRQ\ZLOOJRWR
HQGRZFKDULWDEOHLQVWLWXWLRQVDQGP\IDWKHUZLOOKDYH
GHSULYHGPHRIP\ODZIXOLQKHULWDQFHZLWKRXWDQ\UHDVRQIRU
GRLQJVREXW,VKDOOKDYHWKHVDWLVIDFWLRQRINQRZLQJWKDW
,KDYHDFWHGOLNHDPDQRIVHQVHDQGIHHOLQJ0G
(SLQD\
WRZKRP,KDGSURPLVHGWKHLQWHUHVWRIWKLVVXPVKDOO
UHFHLYHLWHYHQLI,HQGXUHWKHPRVWFUXHOSULYDWLRQV
+RZHYHUVDLG0DGDPHGH9LOOHIRUWUHWXUQLQJWRWKHRQH
LGHDZKLFKLQFHVVDQWO\RFFXSLHGKHUPLQGSHUKDSVLWZRXOG
EHEHWWHUWRH[SODLQWKLVXQOXFN\DIIDLUWR0G
(SLQD\LQ
RUGHUWRJLYHKLPWKHRSSRUWXQLW\RIKLPVHOIUHQRXQFLQJKLV
FODLPWRWKHKDQGRI0DGHPRLVHOOHGH9LOOHIRUW
$KWKDWZRXOGEHDJUHDWSLW\VDLG9LOOHIRUW
$JUHDWSLW\VDLG0RQWH&ULVWR
8QGRXEWHGO\VDLG9LOOHIRUWPRGHUDWLQJWKHWRQHVRIKLV
YRLFHDPDUULDJHRQFHFRQFHUWHGDQGWKHQEURNHQRII
WKURZVDVRUWRIGLVFUHGLWRQD\RXQJODG\WKHQDJDLQWKH
ROGUHSRUWVZKLFK,ZDVVRDQ[LRXVWRSXWDQHQGWRZLOO
LQVWDQWO\JDLQJURXQG1RLWZLOODOOJRZHOO0G
(SLQD\
LIKHLVDQKRQRUDEOHPDQZLOOFRQVLGHUKLPVHOIPRUHWKDQ
HYHUSOHGJHGWR0DGHPRLVHOOHGH9LOOHIRUWXQOHVVKHZHUH
DFWXDWHGE\DGHFLGHGIHHOLQJRIDYDULFHEXWWKDWLV
LPSRVVLEOH
,DJUHHZLWK0GH9LOOHIRUWVDLG0RQWH&ULVWRIL[LQJ
KLVH\HVRQ0DGDPHGH9LOOHIRUWDQGLI,ZHUHVXIILFLHQWO\
LQWLPDWHZLWKKLPWRDOORZRIJLYLQJP\DGYLFH,ZRXOG
SHUVXDGHKLPVLQFH,KDYHEHHQWROG0G
(SLQD\LVFRPLQJ

773

EDFNWRVHWWOHWKLVDIIDLUDWRQFHEH\RQGDOOSRVVLELOLW\
RIUHYRFDWLRQ,ZLOODQVZHUIRUWKHVXFFHVVRIDSURMHFW
ZKLFKZLOOUHIOHFWVRPXFKKRQRURQ0GH9LOOHIRUW7KH
SURFXUHXUDURVHGHOLJKWHGZLWKWKHSURSRVLWLRQEXWKLV
ZLIHVOLJKWO\FKDQJHGFRORU:HOOWKDWLVDOOWKDW,
ZDQWHGDQG,ZLOOEHJXLGHGE\DFRXQVHOORUVXFKDV\RX
DUHVDLGKHH[WHQGLQJKLVKDQGWR0RQWH&ULVWR
7KHUHIRUHOHWHYHU\RQHKHUHORRNXSRQZKDWKDVSDVVHG
WRGD\DVLILWKDGQRWKDSSHQHGDQGDVWKRXJKZHKDGQHYHU
WKRXJKWRIVXFKDWKLQJDVDFKDQJHLQRXURULJLQDOSODQV
6LUVDLGWKHFRXQWWKHZRUOGXQMXVWDVLWLVZLOOEH
SOHDVHGZLWK\RXUUHVROXWLRQ\RXUIULHQGVZLOOEHSURXGRI
\RXDQG0G
(SLQD\HYHQLIKHWRRN0DGHPRLVHOOHGH
9LOOHIRUWZLWKRXWDQ\GRZU\ZKLFKKHZLOOQRWGRZRXOGEH
GHOLJKWHGZLWKWKHLGHDRIHQWHULQJDIDPLO\ZKLFKFRXOG
PDNHVXFKVDFULILFHVLQRUGHUWRNHHSDSURPLVHDQGIXOILOD
GXW\$WWKHFRQFOXVLRQRIWKHVHZRUGVWKHFRXQWURVHWR
GHSDUW$UH\RXJRLQJWROHDYHXVFRXQW"VDLG0DGDPHGH
9LOOHIRUW
,DPVRUU\WRVD\,PXVWGRVRPDGDPH,RQO\FDPHWR
UHPLQG\RXRI\RXUSURPLVHIRU6DWXUGD\
'LG\RXIHDUWKDWZHVKRXOGIRUJHWLW"
<RXDUHYHU\JRRGPDGDPHEXW0GH9LOOHIRUWKDVVRPDQ\
LPSRUWDQWDQGXUJHQWRFFXSDWLRQV
0\KXVEDQGKDVJLYHQPHKLVZRUGVLUVDLG0DGDPHGH
9LOOHIRUW\RXKDYHMXVWVHHQKLPUHVROYHWRNHHSLWZKHQ
KHKDVHYHU\WKLQJWRORVHDQGVXUHO\WKHUHLVPRUHUHDVRQ
IRUKLVGRLQJVRZKHUHKHKDVHYHU\WKLQJWRJDLQ
$QGVDLG9LOOHIRUWLVLWDW\RXUKRXVHLQWKH
&KDPSV(O\VHHVWKDW\RXUHFHLYH\RXUYLVLWRUV"
1RVDLG0RQWH&ULVWRZKLFKLVSUHFLVHO\WKHUHDVRQ
ZKLFKUHQGHUV\RXUNLQGQHVVPRUHPHULWRULRXVLWLVLQ
WKHFRXQWU\
,QWKHFRXQWU\"
<HV

774

:KHUHLVLWWKHQ"1HDU3DULVLVLWQRW"
9HU\QHDURQO\KDOIDOHDJXHIURPWKH%DUULHUVLWLV
DW$XWHXLO
$W$XWHXLO"VDLG9LOOHIRUWWUXH0DGDPHGH9LOOHIRUW
WROGPH\RXOLYHGDW$XWHXLOVLQFHLWZDVWR\RXUKRXVH
WKDWVKHZDVWDNHQ$QGLQZKDWSDUWRI$XWHXLOGR\RX
UHVLGH"
5XHGHOD)RQWDLQH
5XHGHOD)RQWDLQHH[FODLPHG9LOOHIRUWLQDQDJLWDWHG
WRQHDWZKDWQXPEHU"
1R
7KHQFULHG9LOOHIRUWZDVLW\RXZKRERXJKW0GH
6DLQW0HUDQ
VKRXVH
'LGLWEHORQJWR0GH6DLQW0HUDQ"GHPDQGHG0RQWH&ULVWR
<HVUHSOLHG0DGDPHGH9LOOHIRUWDQGZRXOG\RXEHOLHYH
LWFRXQW
%HOLHYHZKDW"
<RXWKLQNWKLVKRXVHSUHWW\GR\RXQRW"
,WKLQNLWFKDUPLQJ
:HOOP\KXVEDQGZRXOGQHYHUOLYHLQLW
,QGHHG"UHWXUQHG0RQWH&ULVWRWKDWLVDSUHMXGLFHRQ
\RXUSDUW0GH9LOOHIRUWIRUZKLFK,DPTXLWHDWDORVV
WRDFFRXQW
,GRQRWOLNH$XWHXLOVLUVDLGWKHSURFXUHXUPDNLQJDQ
HYLGHQWHIIRUWWRDSSHDUFDOP
%XW,KRSH\RXZLOOQRWFDUU\\RXUDQWLSDWK\VRIDUDVWR
GHSULYHPHRIWKHSOHDVXUHRI\RXUFRPSDQ\VLUVDLG0RQWH
&ULVWR

775

1RFRXQW,KRSH,DVVXUH\RX,VKDOOGRP\EHVW
VWDPPHUHG9LOOHIRUW
2KVDLG0RQWH&ULVWR,DOORZRIQRH[FXVH2Q6DWXUGD\
DWVL[R
FORFN,VKDOOEHH[SHFWLQJ\RXDQGLI\RXIDLOWR
FRPH,VKDOOWKLQNIRUKRZGR,NQRZWRWKHFRQWUDU\"
WKDWWKLVKRXVHZKLFKKLVUHPDLQHGXQLQKDELWHGIRUWZHQW\
\HDUVPXVWKDYHVRPHJORRP\WUDGLWLRQRUGUHDGIXOOHJHQG
FRQQHFWHGZLWKLW
,ZLOOFRPHFRXQW,ZLOOEHVXUHWRFRPHVDLG
9LOOHIRUWHDJHUO\
7KDQN\RXVDLG0RQWH&ULVWRQRZ\RXPXVWSHUPLWPHWR
WDNHP\OHDYHRI\RX
<RXVDLGEHIRUHWKDW\RXZHUHREOLJHGWROHDYHXV
PRQVLHXUVDLG0DGDPHGH9LOOHIRUWDQG\RXZHUHDERXWWR
WHOOXVZK\ZKHQ\RXUDWWHQWLRQZDVFDOOHGWRVRPHRWKHU
VXEMHFW
,QGHHGPDGDPHVDLG0RQWH&ULVWR,VFDUFHO\NQRZLI,
GDUHWHOO\RXZKHUH,DPJRLQJ
1RQVHQVHVD\RQ
:HOOWKHQLWLVWRVHHDWKLQJRQZKLFK,KDYHVRPHWLPHV
PXVHGIRUKRXUVWRJHWKHU
:KDWLVLW"
$WHOHJUDSK6RQRZ,KDYHWROGP\VHFUHW
$WHOHJUDSK"UHSHDWHG0DGDPHGH9LOOHIRUW
<HVDWHOHJUDSK,KDGRIWHQVHHQRQHSODFHGDWWKHHQGRI
DURDGRQDKLOORFNDQGLQWKHOLJKWRIWKHVXQLWVEODFN
DUPVEHQGLQJLQHYHU\GLUHFWLRQDOZD\VUHPLQGHGPHRIWKH
FODZVRIDQLPPHQVHEHHWOHDQG,DVVXUH\RXLWZDVQHYHU
ZLWKRXWHPRWLRQWKDW,JD]HGRQLWIRU,FRXOGQRWKHOS
WKLQNLQJKRZZRQGHUIXOLWZDVWKDWWKHVHYDULRXVVLJQV
VKRXOGEHPDGHWRFOHDYHWKHDLUZLWKVXFKSUHFLVLRQDVWR
FRQYH\WRWKHGLVWDQFHRIWKUHHKXQGUHGOHDJXHVWKHLGHDV

776

DQGZLVKHVRIDPDQVLWWLQJDWDWDEOHDWRQHHQGRIWKH
OLQHWRDQRWKHUPDQVLPLODUO\SODFHGDWWKHRSSRVLWH
H[WUHPLW\DQGDOOWKLVHIIHFWHGE\DVLPSOHDFWRIYROLWLRQ
RQWKHSDUWRIWKHVHQGHURIWKHPHVVDJH,EHJDQWRWKLQN
RIJHQLLV\OSKVJQRPHVLQVKRUWRIDOOWKHPLQLVWHUVRI
WKHRFFXOWVFLHQFHVXQWLO,ODXJKHGDORXGDWWKHIUHDNVRI
P\RZQLPDJLQDWLRQ1RZLWQHYHURFFXUUHGWRPHWRZLVKIRU
DQHDUHULQVSHFWLRQRIWKHVHODUJHLQVHFWVZLWKWKHLUORQJ
EODFNFODZVIRU,DOZD\VIHDUHGWRILQGXQGHUWKHLUVWRQH
ZLQJVVRPHOLWWOHKXPDQJHQLXVIDJJHGWRGHDWKZLWKFDEDOV
IDFWLRQVDQGJRYHUQPHQWLQWULJXHV%XWRQHILQHGD\,
OHDUQHGWKDWWKHPRYHURIWKLVWHOHJUDSKZDVRQO\DSRRU
ZUHWFKKLUHGIRUWZHOYHKXQGUHGIUDQFVD\HDUDQGHPSOR\HG
DOOGD\QRWLQVWXG\LQJWKHKHDYHQVOLNHDQDVWURQRPHURU
LQJD]LQJRQWKHZDWHUOLNHDQDQJOHURUHYHQLQHQMR\LQJ
WKHSULYLOHJHRIREVHUYLQJWKHFRXQWU\DURXQGKLPEXWDOO
KLVPRQRWRQRXVOLIHZDVSDVVHGLQZDWFKLQJKLV
ZKLWHEHOOLHGEODFNFODZHGIHOORZLQVHFWIRXURUILYH
OHDJXHVGLVWDQWIURPKLP$WOHQJWK,IHOWDGHVLUHWRVWXG\
WKLVOLYLQJFKU\VDOLVPRUHFORVHO\DQGWRHQGHDYRUWR
XQGHUVWDQGWKHVHFUHWSDUWSOD\HGE\WKHVHLQVHFWDFWRUV
ZKHQWKH\RFFXS\WKHPVHOYHVVLPSO\ZLWKSXOOLQJGLIIHUHQW
SLHFHVRIVWULQJ
$QGDUH\RXJRLQJWKHUH"
,DP
:KDWWHOHJUDSKGR\RXLQWHQGYLVLWLQJ"WKDWRIWKHKRPH
GHSDUWPHQWRURIWKHREVHUYDWRU\"
2KQR,VKRXOGILQGWKHUHSHRSOHZKRZRXOGIRUFHPHWR
XQGHUVWDQGWKLQJVRIZKLFK,ZRXOGSUHIHUWRUHPDLQ
LJQRUDQWDQGZKRZRXOGWU\WRH[SODLQWRPHLQVSLWHRI
P\VHOIDP\VWHU\ZKLFKHYHQWKH\GRQRWXQGHUVWDQG0DIRL
,VKRXOGZLVKWRNHHSP\LOOXVLRQVFRQFHUQLQJLQVHFWV
XQLPSDLUHGLWLVTXLWHHQRXJKWRKDYHWKRVHGLVVLSDWHG
ZKLFK,KDGIRUPHGRIP\IHOORZFUHDWXUHV,VKDOO
WKHUHIRUHQRWYLVLWHLWKHURIWKHVHWHOHJUDSKVEXWRQHLQ
WKHRSHQFRXQWU\ZKHUH,VKDOOILQGDJRRGQDWXUHG
VLPSOHWRQZKRNQRZVQRPRUHWKDQWKHPDFKLQHKHLVHPSOR\HG
WRZRUN
<RXDUHDVLQJXODUPDQVDLG9LOOHIRUW

777

:KDWOLQHZRXOG\RXDGYLVHPHWRVWXG\"
7KHRQHWKDWLVPRVWLQXVHMXVWDWWKLVWLPH
7KH6SDQLVKRQH\RXPHDQ,VXSSRVH"
<HVVKRXOG\RXOLNHDOHWWHUWRWKHPLQLVWHUWKDWWKH\
PLJKWH[SODLQWR\RX
1RVDLG0RQWH&ULVWRVLQFHDV,WROG\RXEHIRUH,GR
QRWZLVKWRFRPSUHKHQGLW7KHPRPHQW,XQGHUVWDQGLWWKHUH
ZLOOQRORQJHUH[LVWDWHOHJUDSKIRUPHLWZLOOKHQRWKLQJ
PRUHWKDQDVLJQIURP0'XFKDWHORUIURP00RQWDOLYHW
WUDQVPLWWHGWRWKHSUHIHFWRI%D\RQQHP\VWLILHGE\WZR
*UHHNZRUGVWHOHJUDSKHLQ,WLVWKHLQVHFWZLWKEODFN
FODZVDQGWKHDZIXOZRUGZKLFK,ZLVKWRUHWDLQLQP\
LPDJLQDWLRQLQDOOLWVSXULW\DQGDOOLWVLPSRUWDQFH
*RWKHQIRULQWKHFRXUVHRIWZRKRXUVLWZLOOEHGDUN
DQG\RXZLOOQRWEHDEOHWRVHHDQ\WKLQJ
0DIRL\RXIULJKWHQPH:KLFKLVWKHQHDUHVWZD\"
%D\RQQH"
<HVWKHURDGWR%D\RQQH
$QGDIWHUZDUGVWKHURDGWR&KDWLOORQ"
<HV
%\WKHWRZHURI0RQWOKHU\\RXPHDQ"
<HV
7KDQN\RX*RRGE\2Q6DWXUGD\,ZLOOWHOO\RXP\
LPSUHVVLRQVFRQFHUQLQJWKHWHOHJUDSK$WWKHGRRUWKHFRXQW
ZDVPHWE\WKHWZRQRWDULHVZKRKDGMXVWFRPSOHWHGWKHDFW
ZKLFKZDVWRGLVLQKHULW9DOHQWLQHDQGZKRZHUHOHDYLQJ
XQGHUWKHFRQYLFWLRQRIKDYLQJGRQHDWKLQJZKLFKFRXOGQRW
IDLORIUHGRXQGLQJFRQVLGHUDEO\WRWKHLUFUHGLW

778

&KDSWHU
+RZD*DUGHQHUPD\JHWULGRIWKH'RUPLFHWKDWHDW+LV
3HDFKHV
1RWRQWKHVDPHQLJKWDVKHKDGLQWHQGHGEXWWKHQH[W
PRUQLQJWKH&RXQWRI0RQWH&ULVWRZHQWRXWE\WKH%DUULHU
G
(QIHUWDNLQJWKHURDGWR2UOHDQV/HDYLQJWKHYLOODJHRI
/LQDVZLWKRXWVWRSSLQJDWWKHWHOHJUDSKZKLFKIORXULVKHG
LWVJUHDWERQ\DUPVDVKHSDVVHGWKHFRXQWUHDFKHGWKH
WRZHURI0RQWOKHU\VLWXDWHGDVHYHU\RQHNQRZVXSRQWKH
KLJKHVWSRLQWRIWKHSODLQRIWKDWQDPH$WWKHIRRWRIWKH
KLOOWKHFRXQWGLVPRXQWHGDQGEHJDQWRDVFHQGE\DOLWWOH
ZLQGLQJSDWKDERXWHLJKWHHQLQFKHVZLGHZKHQKHUHDFKHG
WKHVXPPLWKHIRXQGKLPVHOIVWRSSHGE\DKHGJHXSRQZKLFK
JUHHQIUXLWKDGVXFFHHGHGWRUHGDQGZKLWHIORZHUV
0RQWH&ULVWRORRNHGIRUWKHHQWUDQFHWRWKHHQFORVXUHDQG
ZDVQRWORQJLQILQGLQJDOLWWOHZRRGHQJDWHZRUNLQJRQ
ZLOORZKLQJHVDQGIDVWHQHGZLWKDQDLODQGVWULQJ7KH
FRXQWVRRQPDVWHUHGWKHPHFKDQLVPWKHJDWHRSHQHGDQGKH
WKHQIRXQGKLPVHOILQDOLWWOHJDUGHQDERXWWZHQW\IHHW
ORQJE\WZHOYHZLGHERXQGHGRQRQHVLGHE\SDUWRIWKH
KHGJHZKLFKFRQWDLQHGWKHLQJHQLRXVFRQWULYDQFHZHKDYH
FDOOHGDJDWHDQGRQWKHRWKHUE\WKHROGWRZHUFRYHUHG
ZLWKLY\DQGVWXGGHGZLWKZDOOIORZHUV1RRQHZRXOGKDYH
WKRXJKWLQORRNLQJDWWKLVROGZHDWKHUEHDWHQ
IORUDOGHFNHGWRZHU ZKLFKPLJKWEHOLNHQHGWRDQHOGHUO\
GDPHGUHVVHGXSWRUHFHLYHKHUJUDQGFKLOGUHQDWDELUWKGD\
IHDVW WKDWLWZRXOGKDYHEHHQFDSDEOHRIWHOOLQJVWUDQJH
WKLQJVLILQDGGLWLRQWRWKHPHQDFLQJHDUVZKLFKWKH
SURYHUEVD\VDOOZDOOVDUHSURYLGHGZLWKLWKDGDOVRD
YRLFH7KHJDUGHQZDVFURVVHGE\DSDWKRIUHGJUDYHOHGJHG
E\DERUGHURIWKLFNER[RIPDQ\\HDUV
JURZWKDQGRID
WRQHDQGFRORUWKDWZRXOGKDYHGHOLJKWHGWKHKHDUWRI
'HODFURL[RXUPRGHUQ5XEHQV7KLVSDWKZDVIRUPHGLQWKH
VKDSHRIWKHILJXUHRIWKXVLQLWVZLQGLQJVPDNLQJD
ZDONRIVL[W\IHHWLQDJDUGHQRIRQO\WZHQW\
1HYHUKDG)ORUDWKHIUHVKDQGVPLOLQJJRGGHVVRIJDUGHQHUV
EHHQKRQRUHGZLWKDSXUHURUPRUHVFUXSXORXVZRUVKLSWKDQ
WKDWZKLFKZDVSDLGWRKHULQWKLVOLWWOHHQFORVXUH,Q
IDFWRIWKHWZHQW\URVHWUHHVZKLFKIRUPHGWKHSDUWHUUH
QRWRQHERUHWKHPDUNRIWKHVOXJQRUZHUHWKHUHHYLGHQFHV
DQ\ZKHUHRIWKHFOXVWHULQJDSKLVZKLFKLVVRGHVWUXFWLYHWR

779

SODQWVJURZLQJLQDGDPSVRLO$QG\HWLWZDVQRWEHFDXVH
WKHGDPSKDGEHHQH[FOXGHGIURPWKHJDUGHQWKHHDUWKEODFN
DVVRRWWKHWKLFNIROLDJHRIWKHWUHHVEHWUD\HGLWV
SUHVHQFHEHVLGHVKDGQDWXUDOKXPLGLW\EHHQZDQWLQJLW
FRXOGKDYHEHHQLPPHGLDWHO\VXSSOLHGE\DUWLILFLDOPHDQV
WKDQNVWRDWDQNRIZDWHUVXQNLQRQHRIWKHFRUQHUVRIWKH
JDUGHQDQGXSRQZKLFKZHUHVWDWLRQHGDIURJDQGDWRDG
ZKRIURPDQWLSDWK\QRGRXEWDOZD\VUHPDLQHGRQWKHWZR
RSSRVLWHVLGHVRIWKHEDVLQ7KHUHZDVQRWDEODGHRIJUDVV
WREHVHHQLQWKHSDWKVRUDZHHGLQWKHIORZHUEHGVQR
ILQHODG\HYHUWUDLQHGDQGZDWHUHGKHUJHUDQLXPVKHUFDFWL
DQGKHUUKRGRGHQGURQVZLWKPRUHSDLQVWKDQWKLVKLWKHUWR
XQVHHQJDUGHQHUEHVWRZHGXSRQKLVOLWWOHHQFORVXUH0RQWH
&ULVWRVWRSSHGDIWHUKDYLQJFORVHGWKHJDWHDQGIDVWHQHGWKH
VWULQJWRWKHQDLODQGFDVWDORRNDURXQG
7KHPDQDWWKHWHOHJUDSKVDLGKHPXVWHLWKHUHQJDJHD
JDUGHQHURUGHYRWHKLPVHOISDVVLRQDWHO\WRDJULFXOWXUH
6XGGHQO\KHVWUXFNDJDLQVWVRPHWKLQJFURXFKLQJEHKLQGD
ZKHHOEDUURZILOOHGZLWKOHDYHVWKHVRPHWKLQJURVHXWWHULQJ
DQH[FODPDWLRQRIDVWRQLVKPHQWDQG0RQWH&ULVWRIRXQG
KLPVHOIIDFLQJDPDQDERXWILIW\\HDUVROGZKRZDVSOXFNLQJ
VWUDZEHUULHVZKLFKKHZDVSODFLQJXSRQJUDSHOHDYHV+HKDG
WZHOYHOHDYHVDQGDERXWDVPDQ\VWUDZEHUULHVZKLFKRQ
ULVLQJVXGGHQO\KHOHWIDOOIURPKLVKDQG<RXDUH
JDWKHULQJ\RXUFURSVLU"VDLG0RQWH&ULVWRVPLOLQJ
([FXVHPHVLUUHSOLHGWKHPDQUDLVLQJKLVKDQGWRKLV
FDS,DPQRWXSWKHUH,NQRZEXW,KDYHRQO\MXVWFRPH
GRZQ
'RQRWOHWPHLQWHUIHUHZLWK\RXLQDQ\WKLQJP\IULHQG
VDLGWKHFRXQWJDWKHU\RXUVWUDZEHUULHVLILQGHHGWKHUH
DUHDQ\OHIW
,KDYHWHQOHIWVDLGWKHPDQIRUKHUHDUHHOHYHQDQG,
KDGWZHQW\RQHILYHPRUHWKDQODVW\HDU%XW,DPQRW
VXUSULVHGWKHVSULQJKDVEHHQZDUPWKLV\HDUDQG
VWUDZEHUULHVUHTXLUHKHDWVLU7KLVLVWKHUHDVRQWKDW
LQVWHDGRIWKHVL[WHHQ,KDGODVW\HDU,KDYHWKLV\HDU
\RXVHHHOHYHQDOUHDG\SOXFNHGWZHOYHWKLUWHHQ
IRXUWHHQILIWHHQVL[WHHQVHYHQWHHQHLJKWHHQ$K,PLVV
WKUHHWKH\ZHUHKHUHODVWQLJKWVLU,DPVXUHWKH\ZHUH
KHUH,FRXQWHGWKHP,WPXVWEHWKH0HUH6LPRQ
VVRQZKR

780

KDVVWROHQWKHP,VDZKLPVWUROOLQJDERXWKHUHWKLV
PRUQLQJ$KWKH\RXQJUDVFDOVWHDOLQJLQDJDUGHQKH
GRHVQRWNQRZZKHUHWKDWPD\OHDGKLPWR
&HUWDLQO\LWLVZURQJVDLG0RQWH&ULVWREXW\RXVKRXOG
WDNHLQWRFRQVLGHUDWLRQWKH\RXWKDQGJUHHGLQHVVRIWKH
GHOLQTXHQW
2IFRXUVHVDLGWKHJDUGHQHUEXWWKDWGRHVQRWPDNHLW
WKHOHVVXQSOHDVDQW%XWVLURQFHPRUH,EHJSDUGRQ
SHUKDSV\RXDUHDQRIILFHUWKDW,DPGHWDLQLQJKHUH$QGKH
JODQFHGWLPLGO\DWWKHFRXQW
VEOXHFRDW
&DOP\RXUVHOIP\IULHQGVDLGWKHFRXQWZLWKWKHVPLOH
ZKLFKKHPDGHDWZLOOHLWKHUWHUULEOHRUEHQHYROHQWDQG
ZKLFKQRZH[SUHVVHGRQO\WKHNLQGOLHVWIHHOLQJ,DPQRWDQ
LQVSHFWRUEXWDWUDYHOOHUEURXJKWKHUHE\DFXULRVLW\KH
KDOIUHSHQWVRIVLQFHKHFDXVHV\RXWRORVH\RXUWLPH
$KP\WLPHLVQRWYDOXDEOHUHSOLHGWKHPDQZLWKD
PHODQFKRO\VPLOH6WLOOLWEHORQJVWRJRYHUQPHQWDQG,
RXJKWQRWWRZDVWHLWEXWKDYLQJUHFHLYHGWKHVLJQDOWKDW
,PLJKWUHVWIRUDQKRXU KHUHKHJODQFHGDWWKHVXQGLDO
IRUWKHUHZDVHYHU\WKLQJLQWKHHQFORVXUHRI0RQWOKHU\HYHQ
DVXQGLDO DQGKDYLQJWHQPLQXWHVEHIRUHPHDQGP\
VWUDZEHUULHVEHLQJULSHZKHQDGD\ORQJHUE\WKHE\
VLUGR\RXWKLQNGRUPLFHHDWWKHP"
,QGHHG,VKRXOGWKLQNQRWUHSOLHG0RQWH&ULVWRGRUPLFH
DUHEDGQHLJKERUVIRUXVZKRGRQRWHDWWKHPSUHVHUYHGDV
WKH5RPDQVGLG
:KDW"'LGWKH5RPDQVHDWWKHP"VDLGWKHJDUGHQHUDWH
GRUPLFH"
,KDYHUHDGVRLQ3HWURQLXVVDLGWKHFRXQW
5HDOO\"7KH\FDQ
WEHQLFHWKRXJKWKH\GRVD\CDVIDWDVD
GRUPRXVH
,WLVQRWDZRQGHUWKH\DUHIDWVOHHSLQJDOO
GD\DQGRQO\ZDNLQJWRHDWDOOQLJKW/LVWHQ/DVW\HDU,
KDGIRXUDSULFRWVWKH\VWROHRQH,KDGRQHQHFWDULQH
RQO\RQHZHOOVLUWKH\DWHKDOIRILWRQWKHZDOOD
VSOHQGLGQHFWDULQH,QHYHUDWHDEHWWHU

781

<RXDWHLW"
7KDWLVWRVD\WKHKDOIWKDWZDVOHIW\RXXQGHUVWDQG
LWZDVH[TXLVLWHVLU$KWKRVHJHQWOHPHQQHYHUFKRRVHWKH
ZRUVWPRUVHOVOLNH0HUH6LPRQ
VVRQZKRKDVQRWFKRVHQWKH
ZRUVWVWUDZEHUULHV%XWWKLV\HDUFRQWLQXHGWKH
KRUWLFXOWXULVW,
OOWDNHFDUHLWVKDOOQRWKDSSHQHYHQLI
,VKRXOGEHIRUFHGWRVLWE\WKHZKROHQLJKWWRZDWFKZKHQ
WKHVWUDZEHUULHVDUHULSH0RQWH&ULVWRKDGVHHQHQRXJK
(YHU\PDQKDVDGHYRXULQJSDVVLRQLQKLVKHDUWDVHYHU\
IUXLWKDVLWVZRUPWKDWRIWKHWHOHJUDSKPDQZDV
KRUWLFXOWXUH+HEHJDQJDWKHULQJWKHJUDSHOHDYHVZKLFK
VFUHHQHGWKHVXQIURPWKHJUDSHVDQGZRQWKHKHDUWRIWKH
JDUGHQHU'LG\RXFRPHKHUHVLUWRVHHWKHWHOHJUDSK"KH
VDLG
<HVLILWLVQ
WFRQWUDU\WRWKHUXOHV
2KQRVDLGWKHJDUGHQHUQRWLQWKHOHDVWVLQFHWKHUH
LVQRGDQJHUWKDWDQ\RQHFDQSRVVLEO\XQGHUVWDQGZKDWZHDUH
VD\LQJ
,KDYHEHHQWROGVDLGWKHFRXQWWKDW\RXGRQRWDOZD\V
\RXUVHOYHVXQGHUVWDQGWKHVLJQDOV\RXUHSHDW
7KDWLVWUXHVLUDQGWKDWLVZKDW,OLNHEHVWVDLGWKH
PDQVPLOLQJ
:K\GR\RXOLNHWKDWEHVW"
%HFDXVHWKHQ,KDYHQRUHVSRQVLELOLW\,DPDPDFKLQHWKHQ
DQGQRWKLQJHOVHDQGVRORQJDV,ZRUNQRWKLQJPRUHLV
UHTXLUHGRIPH
,VLWSRVVLEOHVDLG0RQWH&ULVWRWRKLPVHOIWKDW,FDQ
KDYHPHWZLWKDPDQWKDWKDVQRDPELWLRQ"7KDWZRXOGVSRLO
P\SODQV
6LUVDLGWKHJDUGHQHUJODQFLQJDWWKHVXQGLDOWKHWHQ
PLQXWHVDUHDOPRVWXS,PXVWUHWXUQWRP\SRVW:LOO\RXJR
XSZLWKPH"
,IROORZ\RX0RQWH&ULVWRHQWHUHGWKHWRZHUZKLFKZDV
GLYLGHGLQWRWKUHHVWRULHV7KHWRZHUFRQWDLQHGLPSOHPHQWV

782

VXFKDVVSDGHVUDNHVZDWHULQJSRWVKXQJDJDLQVWWKHZDOO
WKLVZDVDOOWKHIXUQLWXUH7KHVHFRQGZDVWKHPDQ
V
FRQYHQWLRQDODERGHRUUDWKHUVOHHSLQJSODFHLWFRQWDLQHGD
IHZSRRUDUWLFOHVRIKRXVHKROGIXUQLWXUHDEHGDWDEOH
WZRFKDLUVDVWRQHSLWFKHUDQGVRPHGU\KHUEVKXQJXS
WRWKHFHLOLQJZKLFKWKHFRXQWUHFRJQL]HGDVVZHHWSHDVH
DQGRIZKLFKWKHJRRGPDQZDVSUHVHUYLQJWKHVHHGVKHKDG
ODEHOOHGWKHPZLWKDVPXFKFDUHDVLIKHKDGEHHQPDVWHU
ERWDQLVWLQWKH-DUGLQGHV3ODQWHV
'RHVLWUHTXLUHPXFKVWXG\WROHDUQWKHDUWRI
WHOHJUDSKLQJ"DVNHG0RQWH&ULVWR
7KHVWXG\GRHVQRWWDNHORQJLWZDVDFWLQJDVD
VXSHUQXPHUDU\WKDWZDVVRWHGLRXV
$QGZKDWLVWKHSD\"
$WKRXVDQGIUDQFVVLU
,WLVQRWKLQJ
1REXWWKHQZHDUHORGJHGDV\RXSHUFHLYH
0RQWH&ULVWRORRNHGDWWKHURRP7KH\SDVVHGWRWKHWKLUG
VWRU\LWZDVWKHWHOHJUDSKURRP0RQWH&ULVWRORRNHGLQ
WXUQDWWKHWZRLURQKDQGOHVE\ZKLFKWKHPDFKLQHZDV
ZRUNHG,WLVYHU\LQWHUHVWLQJKHVDLGEXWLWPXVWEH
YHU\WHGLRXVIRUDOLIHWLPH
<HV$WILUVWP\QHFNZDVFUDPSHGZLWKORRNLQJDWLWEXW
DWWKHHQGRID\HDU,EHFDPHXVHGWRLWDQGWKHQZHKDYH
RXUKRXUVRIUHFUHDWLRQDQGRXUKROLGD\V
+ROLGD\V"
<HV
:KHQ"
:KHQZHKDYHDIRJ
$KWREHVXUH

783

7KRVHDUHLQGHHGKROLGD\VWRPH,JRLQWRWKHJDUGHQ,
SODQW,SUXQH,WULP,NLOOWKHLQVHFWVDOOGD\ORQJ
+RZORQJKDYH\RXEHHQKHUH"
7HQ\HDUVDQGILYHDVDVXSHUQXPHUDU\PDNHILIWHHQ
<RXDUH
)LIW\ILYH\HDUVROG
+RZORQJPXVW\RXKDYHVHUYHGWRFODLPWKHSHQVLRQ"
2KVLUWZHQW\ILYH\HDUV
$QGKRZPXFKLVWKHSHQVLRQ"
$KXQGUHGFURZQV
3RRUKXPDQLW\PXUPXUHG0RQWH&ULVWR
:KDWGLG\RXVD\VLU"DVNHGWKHPDQ
,ZDVVD\LQJLWZDVYHU\LQWHUHVWLQJ
:KDWZDV"
$OO\RXZHUHVKRZLQJPH$QG\RXUHDOO\XQGHUVWDQGQRQHRI
WKHVHVLJQDOV"
1RQHDWDOO
$QGKDYH\RXQHYHUWULHGWRXQGHUVWDQGWKHP"
1HYHU:K\VKRXOG,"
%XWVWLOOWKHUHDUHVRPHVLJQDOVRQO\DGGUHVVHGWR\RX
&HUWDLQO\
$QGGR\RXXQGHUVWDQGWKHP"
7KH\DUHDOZD\VWKHVDPH

784

$QGWKH\PHDQ
1RWKLQJQHZ<RXKDYHDQKRXURU7RPRUURZ
7KLVLVVLPSOHHQRXJKVDLGWKHFRXQWEXWORRNLVQRW
\RXUFRUUHVSRQGHQWSXWWLQJLWVHOILQPRWLRQ"
$K\HVWKDQN\RXVLU
$QGZKDWLVLWVD\LQJDQ\WKLQJ\RXXQGHUVWDQG"
<HVLWDVNVLI,DPUHDG\
$QG\RXUHSO\"
%\WKHVDPHVLJQZKLFKDWWKHVDPHWLPHWHOOVP\
ULJKWKDQGFRUUHVSRQGHQWWKDW,DPUHDG\ZKLOHLWJLYHV
QRWLFHWRP\OHIWKDQGFRUUHVSRQGHQWWRSUHSDUHLQKLV
WXUQ
,WLVYHU\LQJHQLRXVVDLGWKHFRXQW
<RXZLOOVHHVDLGWKHPDQSURXGO\LQILYHPLQXWHVKH
ZLOOVSHDN
,KDYHWKHQILYHPLQXWHVVDLG0RQWH&ULVWRWRKLPVHOI
LWLVPRUHWLPHWKDQ,UHTXLUH0\GHDUVLUZLOO\RXDOORZ
PHWRDVN\RXDTXHVWLRQ"
:KDWLVLWVLU"
<RXDUHIRQGRIJDUGHQLQJ"
3DVVLRQDWHO\
$QG\RXZRXOGEHSOHDVHGWRKDYHLQVWHDGRIWKLVWHUUDFH
RIWZHQW\IHHWDQHQFORVXUHRIWZRDFUHV"
6LU,VKRXOGPDNHDWHUUHVWULDOSDUDGLVHRILW
<RXOLYHEDGO\RQ\RXUWKRXVDQGIUDQFV"
%DGO\HQRXJKEXW\HW,GROLYH

785

<HVEXW\RXKDYHDZUHWFKHGO\VPDOOJDUGHQ
7UXHWKHJDUGHQLVQRWODUJH
$QGWKHQVXFKDVLWLVLWLVILOOHGZLWKGRUPLFHZKR
HDWHYHU\WKLQJ
$KWKH\DUHP\VFRXUJHV
7HOOPHVKRXOG\RXKDYHWKHPLVIRUWXQHWRWXUQ\RXUKHDG
ZKLOH\RXUULJKWKDQGFRUUHVSRQGHQWZDVWHOHJUDSKLQJ
,VKRXOGQRWVHHKLP
7KHQZKDWZRXOGKDSSHQ"
,FRXOGQRWUHSHDWWKHVLJQDOV
$QGWKHQ"
1RWKDYLQJUHSHDWHGWKHPWKURXJKQHJOLJHQFH,VKRXOGEH
ILQHG
+RZPXFK"
$KXQGUHGIUDQFV
7KHWHQWKRI\RXULQFRPHWKDWZRXOGEHILQHZRUN
$KVDLGWKHPDQ
+DVLWHYHUKDSSHQHGWR\RX"VDLG0RQWH&ULVWR
2QFHVLUZKHQ,ZDVJUDIWLQJDURVHWUHH
:HOOVXSSRVH\RXZHUHWRDOWHUDVLJQDODQGVXEVWLWXWH
DQRWKHU"
$KWKDWLVDQRWKHUFDVH,VKRXOGEHWXUQHGRIIDQGORVH
P\SHQVLRQ
7KUHHKXQGUHGIUDQFV"
$KXQGUHGFURZQV\HVVLUVR\RXVHHWKDW,DPQRWOLNHO\

786

WRGRDQ\RIWKHVHWKLQJV
1RWHYHQIRUILIWHHQ\HDUV
ZDJHV"&RPHLWLVZRUWK
WKLQNLQJDERXW"
)RUILIWHHQWKRXVDQGIUDQFV"
<HV
6LU\RXDODUPPH
1RQVHQVH
6LU\RXDUHWHPSWLQJPH"
-XVWVRILIWHHQWKRXVDQGIUDQFVGR\RXXQGHUVWDQG"
6LUOHWPHVHHP\ULJKWKDQGFRUUHVSRQGHQW
2QWKHFRQWUDU\GRQRWORRNDWKLPEXWDWWKLV
:KDWLVLW"
:KDW"'R\RXQRWNQRZWKHVHELWVRISDSHU"
%DQNQRWHV
([DFWO\WKHUHDUHILIWHHQRIWKHP
$QGZKRVHDUHWKH\"
<RXUVLI\RXOLNH
0LQH"H[FODLPHGWKHPDQKDOIVXIIRFDWHG
<HV\RXUV\RXURZQSURSHUW\
6LUP\ULJKWKDQGFRUUHVSRQGHQWLVVLJQDOOLQJ
/HWKLPVLJQDO
6LU\RXKDYHGLVWUDFWHGPH,VKDOOEHILQHG
7KDWZLOOFRVW\RXDKXQGUHGIUDQFV\RXVHHLWLV\RXU

787

LQWHUHVWWRWDNHP\EDQNQRWHV
6LUP\ULJKWKDQGFRUUHVSRQGHQWUHGRXEOHVKLVVLJQDOVKH
LVLPSDWLHQW
1HYHUPLQGWDNHWKHVHDQGWKHFRXQWSODFHGWKHSDFNHW
LQWKHPDQ
VKDQGV1RZWKLVLVQRWDOOKHVDLG\RX
FDQQRWOLYHXSRQ\RXUILIWHHQWKRXVDQGIUDQFV
,VKDOOVWLOOKDYHP\SODFH
1R\RXZLOOORVHLWIRU\RXDUHJRLQJWRDOWHU\RXU
FRUUHVSRQGHQW
VPHVVDJH
2KVLUZKDWDUH\RXSURSRVLQJ"
$MHVW
6LUXQOHVV\RXIRUFHPH
,WKLQN,FDQHIIHFWXDOO\IRUFH\RXDQG0RQWH&ULVWRGUHZ
DQRWKHUSDFNHWIURPKLVSRFNHW+HUHDUHWHQWKRXVDQGPRUH
IUDQFVKHVDLGZLWKWKHILIWHHQWKRXVDQGDOUHDG\LQ\RXU
SRFNHWWKH\ZLOOPDNHWZHQW\ILYHWKRXVDQG:LWKILYH
WKRXVDQG\RXFDQEX\DSUHWW\OLWWOHKRXVHZLWKWZRDFUHVRI
ODQGWKHUHPDLQLQJWZHQW\WKRXVDQGZLOOEULQJ\RXLQD
WKRXVDQGIUDQFVD\HDU
$JDUGHQZLWKWZRDFUHVRIODQG
$QGDWKRXVDQGIUDQFVD\HDU
2KKHDYHQV
&RPHWDNHWKHPDQG0RQWH&ULVWRIRUFHGWKHEDQNQRWHV
LQWRKLVKDQG
:KDWDP,WRGR"
1RWKLQJYHU\GLIILFXOW
%XWZKDWLVLW"
7RUHSHDWWKHVHVLJQV0RQWH&ULVWRWRRNDSDSHUIURPKLV

788

SRFNHWXSRQZKLFKZHUHGUDZQWKUHHVLJQVZLWKQXPEHUVWR
LQGLFDWHWKHRUGHULQZKLFKWKH\ZHUHWREHZRUNHG
7KHUH\RXVHHLWZLOOQRWWDNHORQJ
<HVEXW
'RWKLVDQG\RXZLOOKDYHQHFWDULQHVDQGDOOWKHUHVW
7KHVKRWWROGUHGZLWKIHYHUZKLOHWKHODUJHGURSVIHOO
IURPKLVEURZWKHPDQH[HFXWHGRQHDIWHUWKHRWKHUWKH
WKUHHVLJQVJLYHQE\WKHFRXQWLQVSLWHRIWKHIULJKWIXO
FRQWRUWLRQVRIWKHULJKWKDQGFRUUHVSRQGHQWZKRQRW
XQGHUVWDQGLQJWKHFKDQJHEHJDQWRWKLQNWKHJDUGHQHUKDG
JRQHPDG$VWRWKHOHIWKDQGRQHKHFRQVFLHQWLRXVO\
UHSHDWHGWKHVDPHVLJQDOVZKLFKZHUHILQDOO\WUDQVPLWWHGWR
WKH0LQLVWHURIWKH,QWHULRU1RZ\RXDUHULFKVDLG0RQWH
&ULVWR
<HVUHSOLHGWKHPDQEXWDWZKDWDSULFH
/LVWHQIULHQGVDLG0RQWH&ULVWR,GRQRWZLVKWRFDXVH
\RXDQ\UHPRUVHEHOLHYHPHWKHQZKHQ,VZHDUWR\RXWKDW
\RXKDYHZURQJHGQRPDQEXWRQWKHFRQWUDU\KDYHEHQHILWHG
PDQNLQG7KHPDQORRNHGDWWKHEDQNQRWHVIHOWWKHP
FRXQWHGWKHPWXUQHGSDOHWKHQUHGWKHQUXVKHGLQWRKLV
URRPWRGULQNDJODVVRIZDWHUEXWKHKDGQRWLPHWRUHDFK
WKHZDWHUMXJDQGIDLQWHGLQWKHPLGVWRIKLVGULHGKHUEV
)LYHPLQXWHVDIWHUWKHQHZWHOHJUDPUHDFKHGWKHPLQLVWHU
'HEUD\KDGWKHKRUVHVSXWWRKLVFDUULDJHDQGGURYHWR
'DQJODUV
KRXVH
+DV\RXUKXVEDQGDQ\6SDQLVKERQGV"KHDVNHGRIWKH
EDURQHVV
,WKLQNVRLQGHHG+HKDVVL[PLOOLRQV
ZRUWK
+HPXVWVHOOWKHPDWZKDWHYHUSULFH
:K\"
%HFDXVH'RQ&DUORVKDVIOHGIURP%RXUJHVDQGKDVUHWXUQHG
WR6SDLQ
+RZGR\RXNQRZ"'HEUD\VKUXJJHGKLVVKRXOGHUV7KHLGHD

789

RIDVNLQJKRZ,KHDUWKHQHZVKHVDLG7KHEDURQHVVGLG
QRWZDLWIRUDUHSHWLWLRQVKHUDQWRKHUKXVEDQGZKR
LPPHGLDWHO\KDVWHQHGWRKLVDJHQWDQGRUGHUHGKLPWRVHOO
DWDQ\SULFH:KHQLWZDVVHHQWKDW'DQJODUVVROGWKH
6SDQLVKIXQGVIHOOGLUHFWO\'DQJODUVORVWILYHKXQGUHG
WKRXVDQGIUDQFVEXWKHULGKLPVHOIRIDOOKLV6SDQLVK
VKDUHV7KHVDPHHYHQLQJWKHIROORZLQJZDVUHDGLQ/H
0HVVDJHU
>%\WHOHJUDSK@7KHNLQJ'RQ&DUORVKDVHVFDSHGWKH
YLJLODQFHRIKLVJXDUGLDQVDW%RXUJHVDQGKDVUHWXUQHGWR
6SDLQE\WKH&DWDORQLDQIURQWLHU%DUFHORQDKDVULVHQLQKLV
IDYRU
$OOWKDWHYHQLQJQRWKLQJZDVVSRNHQRIEXWWKHIRUHVLJKWRI
'DQJODUVZKRKDGVROGKLVVKDUHVDQGRIWKHOXFNRIWKH
VWRFNMREEHUZKRRQO\ORVWILYHKXQGUHGWKRXVDQGIUDQFVE\
VXFKDEORZ7KRVHZKRKDGNHSWWKHLUVKDUHVRUERXJKW
WKRVHRI'DQJODUVORRNHGXSRQWKHPVHOYHVDVUXLQHGDQG
SDVVHGDYHU\EDGQLJKW1H[WPRUQLQJ/H0RQLWHXUFRQWDLQHG
WKHIROORZLQJ
,WZDVZLWKRXWDQ\IRXQGDWLRQWKDW/H0HVVDJHU\HVWHUGD\
DQQRXQFHGWKHIOLJKWRI'RQ&DUORVDQGWKHUHYROWRI
%DUFHORQD7KHNLQJ 'RQ&DUORV KDVQRWOHIW%RXUJHVDQG
WKHSHQLQVXODLVLQWKHHQMR\PHQWRISURIRXQGSHDFH$
WHOHJUDSKLFVLJQDOLPSURSHUO\LQWHUSUHWHGRZLQJWRWKH
IRJZDVWKHFDXVHRIWKLVHUURU
7KHIXQGVURVHRQHSHUFHQWKLJKHUWKDQEHIRUHWKH\KDG
IDOOHQ7KLVUHFNRQLQJKLVORVVDQGZKDWKHKDGPLVVHG
JDLQLQJPDGHWKHGLIIHUHQFHRIDPLOOLRQWR'DQJODUV
*RRGVDLG0RQWH&ULVWRWR0RUUHOZKRZDVDWKLVKRXVH
ZKHQWKHQHZVDUULYHGRIWKHVWUDQJHUHYHUVHRIIRUWXQHRI
ZKLFK'DQJODUV
VKDGEHHQWKHYLFWLP,KDYHMXVWPDGHD
GLVFRYHU\IRUWZHQW\ILYHWKRXVDQGIUDQFVIRUZKLFK,ZRXOG
KDYHSDLGDKXQGUHGWKRXVDQG
:KDWKDYH\RXGLVFRYHUHG"DVNHG0RUUHO
,KDYHMXVWGLVFRYHUHGKRZDJDUGHQHUPD\JHWULGRIWKH
GRUPLFHWKDWHDWKLVSHDFKHV

790

&KDSWHU
*KRVWV
$WILUVWVLJKWWKHH[WHULRURIWKHKRXVHDW$XWHXLOJDYHQR
LQGLFDWLRQVRIVSOHQGRUQRWKLQJRQHZRXOGH[SHFWIURPWKH
GHVWLQHGUHVLGHQFHRIWKHPDJQLILFHQW&RXQWRI0RQWH&ULVWR
EXWWKLVVLPSOLFLW\ZDVDFFRUGLQJWRWKHZLOORILWVPDVWHU
ZKRSRVLWLYHO\RUGHUHGQRWKLQJWREHDOWHUHGRXWVLGH7KH
VSOHQGRUZDVZLWKLQ,QGHHGDOPRVWEHIRUHWKHGRRURSHQHG
WKHVFHQHFKDQJHG0%HUWXFFLRKDGRXWGRQHKLPVHOILQWKH
WDVWHGLVSOD\HGLQIXUQLVKLQJDQGLQWKHUDSLGLW\ZLWK
ZKLFKLWZDVH[HFXWHG,WLVWROGWKDWWKH'XFG
$QWLQ
UHPRYHGLQDVLQJOHQLJKWDZKROHDYHQXHRIWUHHVWKDW
DQQR\HG/RXLV;,9LQWKUHHGD\V0%HUWXFFLRSODQWHGDQ
HQWLUHO\EDUHFRXUWZLWKSRSODUVODUJHVSUHDGLQJV\FDPRUHV
WRVKDGHWKHGLIIHUHQWSDUWVRIWKHKRXVHDQGLQWKH
IRUHJURXQGLQVWHDGRIWKHXVXDOSDYLQJVWRQHVKDOIKLGGHQ
E\WKHJUDVVWKHUHH[WHQGHGDODZQEXWWKDWPRUQLQJODLG
GRZQDQGXSRQZKLFKWKHZDWHUZDV\HWJOLVWHQLQJ)RUWKH
UHVWWKHRUGHUVKDGEHHQLVVXHGE\WKHFRXQWKHKLPVHOI
KDGJLYHQDSODQWR%HUWXFFLRPDUNLQJWKHVSRWZKHUHHDFK
WUHHZDVWREHSODQWHGDQGWKHVKDSHDQGH[WHQWRIWKHODZQ
ZKLFKZDVWRWDNHWKHSODFHRIWKHSDYLQJVWRQHV7KXVWKH
KRXVHKDGEHFRPHXQUHFRJQL]DEOHDQG%HUWXFFLRKLPVHOI
GHFODUHGWKDWKHVFDUFHO\NQHZLWHQFLUFOHGDVLWZDVE\D
IUDPHZRUNRIWUHHV7KHRYHUVHHUZRXOGQRWKDYHREMHFWHG
ZKLOHKHZDVDERXWLWWRKDYHPDGHVRPHLPSURYHPHQWVLQWKH
JDUGHQEXWWKHFRXQWKDGSRVLWLYHO\IRUELGGHQLWWREH
WRXFKHG%HUWXFFLRPDGHDPHQGVKRZHYHUE\ORDGLQJWKH
DQWHFKDPEHUVVWDLUFDVHVDQGPDQWOHSLHFHVZLWKIORZHUV
:KDWDERYHDOOPDQLIHVWHGWKHVKUHZGQHVVRIWKHVWHZDUG
DQGWKHSURIRXQGVFLHQFHRIWKHPDVWHUWKHRQHLQFDUU\LQJ
RXWWKHLGHDVRIWKHRWKHUZDVWKDWWKLVKRXVHZKLFK
DSSHDUHGRQO\WKHQLJKWEHIRUHVRVDGDQGJORRP\
LPSUHJQDWHGZLWKWKDWVLFNO\VPHOORQHFDQDOPRVWIDQF\WR
EHWKHVPHOORIWLPHKDGLQDVLQJOHGD\DFTXLUHGWKH
DVSHFWRIOLIHZDVVFHQWHGZLWKLWVPDVWHU
VIDYRULWH
SHUIXPHVDQGKDGWKHYHU\OLJKWUHJXODWHGDFFRUGLQJWRKLV
ZLVK:KHQWKHFRXQWDUULYHGKHKDGXQGHUKLVWRXFKKLV
ERRNVDQGDUPVKLVH\HVUHVWHGXSRQKLVIDYRULWHSLFWXUHV
KLVGRJVZKRVHFDUHVVHVKHORYHGZHOFRPHGKLPLQWKH
DQWHFKDPEHUWKHELUGVZKRVHVRQJVGHOLJKWHGKLPFKHHUHG

791

KLPZLWKWKHLUPXVLFDQGWKHKRXVHDZDNHQHGIURPLW
VORQJ
VOHHSOLNHWKHVOHHSLQJEHDXW\LQWKHZRRGOLYHGVDQJ
DQGEORRPHGOLNHWKHKRXVHVZHKDYHORQJFKHULVKHGDQGLQ
ZKLFKZKHQZHDUHIRUFHGWROHDYHWKHPZHOHDYHDSDUWRI
RXUVRXOV7KHVHUYDQWVSDVVHGJD\O\DORQJWKHILQH
FRXUW\DUGVRPHEHORQJLQJWRWKHNLWFKHQVJOLGLQJGRZQ
WKHVWDLUVUHVWRUHGEXWWKHSUHYLRXVGD\DVLIWKH\KDG
DOZD\VLQKDELWHGWKHKRXVHRWKHUVILOOLQJWKHFRDFKKRXVHV
ZKHUHWKHHTXLSDJHVHQFDVHGDQGQXPEHUHGDSSHDUHGWRKDYH
EHHQLQVWDOOHGIRUWKHODVWILIW\\HDUVDQGLQWKHVWDEOHV
WKHKRUVHVUHSOLHGZLWKQHLJKVWRWKHJURRPVZKRVSRNHWR
WKHPZLWKPXFKPRUHUHVSHFWWKDQPDQ\VHUYDQWVSD\WKHLU
PDVWHUV
7KHOLEUDU\ZDVGLYLGHGLQWRWZRSDUWVRQHLWKHUVLGHRIWKH
ZDOODQGFRQWDLQHGXSZDUGVRIWZRWKRXVDQGYROXPHVRQH
GLYLVLRQZDVHQWLUHO\GHYRWHGWRQRYHOVDQGHYHQWKHYROXPH
ZKLFKKDGEHHQSXEOLVKHGEXWWKHGD\EHIRUHZDVWREHVHHQ
LQLWVSODFHLQDOOWKHGLJQLW\RILWVUHGDQGJROGELQGLQJ
2QWKHRWKHUVLGHRIWKHKRXVHWRPDWFKZLWKWKHOLEUDU\
ZDVWKHFRQVHUYDWRU\RUQDPHQWHGZLWKUDUHIORZHUVWKDW
EORRPHGLQFKLQDMDUVDQGLQWKHPLGVWRIWKHJUHHQKRXVH
PDUYHOORXVDOLNHWRVLJKWDQGVPHOOZDVDELOOLDUGWDEOH
ZKLFKORRNHGDVLILWKDGEHHQDEDQGRQHGGXULQJWKHSDVW
KRXUE\SOD\HUVZKRKDGOHIWWKHEDOOVRQWKHFORWK2QH
FKDPEHUDORQHKDGEHHQUHVSHFWHGE\WKHPDJQLILFHQW
%HUWXFFLR%HIRUHWKLVURRPWRZKLFK\RXFRXOGDVFHQGE\
WKHJUDQGDQGJRRXWE\WKHEDFNVWDLUFDVHWKHVHUYDQWV
SDVVHGZLWKFXULRVLW\DQG%HUWXFFLRZLWKWHUURU$WILYH
R
FORFNSUHFLVHO\WKHFRXQWDUULYHGEHIRUHWKHKRXVHDW
$XWHXLOIROORZHGE\$OL%HUWXFFLRZDVDZDLWLQJWKLV
DUULYDOZLWKLPSDWLHQFHPLQJOHGZLWKXQHDVLQHVVKHKRSHG
IRUVRPHFRPSOLPHQWVZKLOHDWWKHVDPHWLPHKHIHDUHGWR
KDYHIURZQV0RQWH&ULVWRGHVFHQGHGLQWRWKHFRXUW\DUG
ZDONHGDOORYHUWKHKRXVHZLWKRXWJLYLQJDQ\VLJQRI
DSSUREDWLRQRUSOHDVXUHXQWLOKHHQWHUHGKLVEHGURRP
VLWXDWHGRQWKHRSSRVLWHVLGHWRWKHFORVHGURRPWKHQKH
DSSURDFKHGDOLWWOHSLHFHRIIXUQLWXUHPDGHRIURVHZRRG
ZKLFKKHKDGQRWLFHGDWDSUHYLRXVYLVLW7KDWFDQRQO\EH
WRKROGJORYHVKHVDLG
:LOO\RXUH[FHOOHQF\GHLJQWRRSHQLW"VDLGWKHGHOLJKWHG
%HUWXFFLRDQG\RXZLOOILQGJORYHVLQLW(OVHZKHUHWKH
FRXQWIRXQGHYHU\WKLQJKHUHTXLUHGVPHOOLQJERWWOHV

792

FLJDUVNQLFNNQDFNV
*RRGKHVDLGDQG0%HUWXFFLROHIWHQUDSWXUHGVRJUHDW
VRSRZHUIXODQGUHDOZDVWKHLQIOXHQFHH[HUFLVHGE\WKLV
PDQRYHUDOOZKRVXUURXQGHGKLP$WSUHFLVHO\VL[R
FORFN
WKHFODWWHURIKRUVHV
KRRIVZDVKHDUGDWWKHHQWUDQFHGRRU
LWZDVRXUFDSWDLQRI6SDKLVZKRKDGDUULYHGRQ0HGHDK,
DPVXUH,DPWKHILUVWFULHG0RUUHO,GLGLWRQSXUSRVH
WRKDYH\RXDPLQXWHWRP\VHOIEHIRUHHYHU\RQHFDPH-XOLH
DQG(PPDQXHOKDYHDWKRXVDQGWKLQJVWRWHOO\RX$KUHDOO\
WKLVLVPDJQLILFHQW%XWWHOOPHFRXQWZLOO\RXUSHRSOH
WDNHFDUHRIP\KRUVH"
'RQRWDODUP\RXUVHOIP\GHDU0D[LPLOLDQWKH\
XQGHUVWDQG
,PHDQEHFDXVHKHZDQWVSHWWLQJ,I\RXKDGVHHQDWZKDWD
SDFHKHFDPHOLNHWKHZLQG
,VKRXOGWKLQNVRDKRUVHWKDWFRVWIUDQFVVDLG
0RQWH&ULVWRLQWKHWRQHZKLFKDIDWKHUZRXOGXVHWRZDUGVD
VRQ
'R\RXUHJUHWWKHP"DVNHG0RUUHOZLWKKLVRSHQODXJK
,"&HUWDLQO\QRWUHSOLHGWKHFRXQW1R,VKRXOGRQO\
UHJUHWLIWKHKRUVHKDGQRWSURYHGJRRG
,WLVVRJRRGWKDW,KDYHGLVWDQFHG0GH&KDWHDX5HQDXG
RQHRIWKHEHVWULGHUVLQ)UDQFHDQG0'HEUD\ZKRERWK
PRXQWWKHPLQLVWHU
V$UDELDQVDQGFORVHRQWKHLUKHHOVDUH
WKHKRUVHVRI0DGDPH'DQJODUVZKRDOZD\VJRDWVL[OHDJXHV
DQKRXU
7KHQWKH\IROORZ\RX"DVNHG0RQWH&ULVWR
6HHWKH\DUHKHUH$QGDWWKHVDPHPLQXWHDFDUULDJHZLWK
VPRNLQJKRUVHVDFFRPSDQLHGE\WZRPRXQWHGJHQWOHPHQ
DUULYHGDWWKHJDWHZKLFKRSHQHGEHIRUHWKHP7KHFDUULDJH
GURYHURXQGDQGVWRSSHGDWWKHVWHSVIROORZHGE\WKH
KRUVHPHQ7KHLQVWDQW'HEUD\KDGWRXFKHGWKHJURXQGKHZDV
DWWKHFDUULDJHGRRU+HRIIHUHGKLVKDQGWRWKHEDURQHVV
ZKRGHVFHQGLQJWRRNLWZLWKDSHFXOLDULW\RIPDQQHU
LPSHUFHSWLEOHWRHYHU\RQHEXW0RQWH&ULVWR%XWQRWKLQJ

793

HVFDSHGWKHFRXQW
VQRWLFHDQGKHREVHUYHGDOLWWOHQRWH
SDVVHGZLWKWKHIDFLOLW\WKDWLQGLFDWHVIUHTXHQWSUDFWLFH
IURPWKHKDQGRI0DGDPH'DQJODUVWRWKDWRIWKHPLQLVWHU
V
VHFUHWDU\$IWHUKLVZLIHWKHEDQNHUGHVFHQGHGDVSDOHDV
WKRXJKKHKDGLVVXHGIURPKLVWRPELQVWHDGRIKLVFDUULDJH
0DGDPH'DQJODUVWKUHZDUDSLGDQGLQTXLULQJJODQFHZKLFK
FRXOGRQO\EHLQWHUSUHWHGE\0RQWH&ULVWRDURXQGWKH
FRXUW\DUGRYHUWKHSHULVW\OHDQGDFURVVWKHIURQWRIWKH
KRXVHWKHQUHSUHVVLQJDVOLJKWHPRWLRQZKLFKPXVWKDYH
EHHQVHHQRQKHUFRXQWHQDQFHLIVKHKDGQRWNHSWKHUFRORU
VKHDVFHQGHGWKHVWHSVVD\LQJWR0RUUHO6LULI\RXZHUH
DIULHQGRIPLQH,VKRXOGDVN\RXLI\RXZRXOGVHOO\RXU
KRUVH
0RUUHOVPLOHGZLWKDQH[SUHVVLRQYHU\OLNHDJULPDFHDQG
WKHQWXUQHGURXQGWR0RQWH&ULVWRDVLIWRDVNKLPWR
H[WULFDWHKLPIURPKLVHPEDUUDVVPHQW7KHFRXQWXQGHUVWRRG
KLP$KPDGDPHKHVDLGZK\GLG\RXQRWPDNHWKDW
UHTXHVWRIPH"
:LWK\RXVLUUHSOLHGWKHEDURQHVVRQHFDQZLVKIRU
QRWKLQJRQHLVVRVXUHWRREWDLQLW,ILWZHUHVRZLWK0
0RUUHO
8QIRUWXQDWHO\UHSOLHGWKHFRXQW,DPZLWQHVVWKDW0
0RUUHOFDQQRWJLYHXSKLVKRUVHKLVKRQRUEHLQJHQJDJHGLQ
NHHSLQJLW
+RZVR"
+HODLGDZDJHUKHZRXOGWDPH0HGHDKLQWKHVSDFHRIVL[
PRQWKV<RXXQGHUVWDQGQRZWKDWLIKHZHUHWRJHWULGRIWKH
DQLPDOEHIRUHWKHWLPHQDPHGKHZRXOGQRWRQO\ORVHKLV
EHWEXWSHRSOHZRXOGVD\KHZDVDIUDLGDQGDEUDYHFDSWDLQ
RI6SDKLVFDQQRWULVNWKLVHYHQWRJUDWLI\DSUHWW\ZRPDQ
ZKLFKLVLQP\RSLQLRQRQHRIWKHPRVWVDFUHGREOLJDWLRQV
LQWKHZRUOG
<RXVHHP\SRVLWLRQPDGDPHVDLG0RUUHOEHVWRZLQJD
JUDWHIXOVPLOHRQ0RQWH&ULVWR
,WVHHPVWRPHVDLG'DQJODUVLQKLVFRDUVHWRQH
LOOFRQFHDOHGE\DIRUFHGVPLOHWKDW\RXKDYHDOUHDG\JRW
KRUVHVHQRXJK0DGDPH'DQJODUVVHOGRPDOORZHGUHPDUNVRI

794

WKLVNLQGWRSDVVXQQRWLFHGEXWWRWKHVXUSULVHRIWKH
\RXQJSHRSOHVKHSUHWHQGHGQRWWRKHDULWDQGVDLG
QRWKLQJ0RQWH&ULVWRVPLOHGDWKHUXQXVXDOKXPLOLW\DQG
VKRZHGKHUWZRLPPHQVHSRUFHODLQMDUVRYHUZKLFKZRXQG
PDULQHSODQWVRIDVL]HDQGGHOLFDF\WKDWQDWXUHDORQH
FRXOGSURGXFH7KHEDURQHVVZDVDVWRQLVKHG:K\VDLGVKH
\RXFRXOGSODQWRQHRIWKHFKHVWQXWWUHHVLQWKH7XLOHULHV
LQVLGH+RZFDQVXFKHQRUPRXVMDUVKDYHEHHQPDQXIDFWXUHG"
$KPDGDPHUHSOLHG0RQWH&ULVWR\RXPXVWQRWDVNRIXV
WKHPDQXIDFWXUHUVRIILQHSRUFHODLQVXFKDTXHVWLRQ,WLV
WKHZRUNRIDQRWKHUDJHFRQVWUXFWHGE\WKHJHQLLRIHDUWK
DQGZDWHU
+RZVR"DWZKDWSHULRGFDQWKDWKDYHEHHQ"
,GRQRWNQRZ,KDYHRQO\KHDUGWKDWDQHPSHURURI&KLQD
KDGDQRYHQEXLOWH[SUHVVO\DQGWKDWLQWKLVRYHQWZHOYH
MDUVOLNHWKLVZHUHVXFFHVVLYHO\EDNHG7ZREURNHIURPWKH
KHDWRIWKHILUHWKHRWKHUWHQZHUHVXQNWKUHHKXQGUHG
IDWKRPVGHHSLQWRWKHVHD7KHVHDNQRZLQJZKDWZDV
UHTXLUHGRIKHUWKUHZRYHUWKHPKHUZHHGVHQFLUFOHGWKHP
ZLWKFRUDODQGHQFUXVWHGWKHPZLWKVKHOOVWKHZKROHZDV
FHPHQWHGE\WZRKXQGUHG\HDUVEHQHDWKWKHVHDOPRVW
LPSHUYLRXVGHSWKVIRUDUHYROXWLRQFDUULHGDZD\WKHHPSHURU
ZKRZLVKHGWRPDNHWKHWULDODQGRQO\OHIWWKHGRFXPHQWV
SURYLQJWKHPDQXIDFWXUHRIWKHMDUVDQGWKHLUGHVFHQWLQWR
WKHVHD$WWKHHQGRIWZRKXQGUHG\HDUVWKHGRFXPHQWVZHUH
IRXQGDQGWKH\WKRXJKWRIEULQJLQJXSWKHMDUV'LYHUV
GHVFHQGHGLQPDFKLQHVPDGHH[SUHVVO\RQWKHGLVFRYHU\LQWR
WKHED\ZKHUHWKH\ZHUHWKURZQEXWRIWHQWKUHHRQO\
UHPDLQHGWKHUHVWKDYLQJEHHQEURNHQE\WKHZDYHV,DP
IRQGRIWKHVHMDUVXSRQZKLFKSHUKDSVPLVVKDSHQ
IULJKWIXOPRQVWHUVKDYHIL[HGWKHLUFROGGXOOH\HVDQGLQ
ZKLFKP\ULDGVRIVPDOOILVKKDYHVOHSWVHHNLQJDUHIXJH
IURPWKHSXUVXLWRIWKHLUHQHPLHV0HDQZKLOH'DQJODUVZKR
KDGFDUHGOLWWOHIRUFXULRVLWLHVZDVPHFKDQLFDOO\WHDULQJ
RIIWKHEORVVRPVRIDVSOHQGLGRUDQJHWUHHRQHDIWHU
DQRWKHU:KHQKHKDGILQLVKHGZLWKWKHRUDQJHWUHHKHEHJDQ
DWWKHFDFWXVEXWWKLVQRWEHLQJVRHDVLO\SOXFNHGDVWKH
RUDQJHWUHHSULFNHGKLPGUHDGIXOO\+HVKXGGHUHGDQG
UXEEHGKLVH\HVDVWKRXJKDZDNLQJIURPDGUHDP
6LUVDLG0RQWH&ULVWRWRKLP,GRQRWUHFRPPHQGP\

795

SLFWXUHVWR\RXZKRSRVVHVVVXFKVSOHQGLGSDLQWLQJVEXW
QHYHUWKHOHVVKHUHDUHWZRE\+REEHPDD3DXO3RWWHUD
0LHULVWZRE\*HUDUG'RXZD5DSKDHOD9DQG\NHD
=XUEDUDQDQGWZRRUWKUHHE\0XULOORZRUWKORRNLQJDW
6WD\VDLG'HEUD\,UHFRJQL]HWKLV+REEHPD
$KLQGHHG
<HVLWZDVSURSRVHGIRUWKH0XVHXP
:KLFK,EHOLHYHGRHVQRWFRQWDLQRQH"VDLG0RQWH&ULVWR
1RDQG\HWWKH\UHIXVHGWREX\LW
:K\"VDLG&KDWHDX5HQDXG
<RXSUHWHQGQRWWRNQRZEHFDXVHJRYHUQPHQWZDVQRWULFK
HQRXJK
$KSDUGRQPHVDLG&KDWHDX5HQDXG,KDYHKHDUGRIWKHVH
WKLQJVHYHU\GD\GXULQJWKHODVWHLJKW\HDUVDQG,FDQQRW
XQGHUVWDQGWKHP\HW
<RXZLOOE\DQGE\VDLG'HEUD\
,WKLQNQRWUHSOLHG&KDWHDX5HQDXG
0DMRU%DUWRORPHR&DYDOFDQWLDQG&RXQW$QGUHD&DYDOFDQWL
DQQRXQFHG%DSWLVWLQ$EODFNVDWLQVWRFNIUHVKIURPWKH
PDNHU
VKDQGVJUD\PRXVWDFKHVDEROGH\HDPDMRU
V
XQLIRUPRUQDPHQWHGZLWKWKUHHPHGDOVDQGILYHFURVVHVLQ
IDFWWKHWKRURXJKEHDULQJRIDQROGVROGLHUVXFKZDVWKH
DSSHDUDQFHRI0DMRU%DUWRORPHR&DYDOFDQWLWKDWWHQGHU
IDWKHUZLWKZKRPZHDUHDOUHDG\DFTXDLQWHG&ORVHWRKLP
GUHVVHGLQHQWLUHO\QHZFORWKHVDGYDQFHGVPLOLQJO\&RXQW
$QGUHD&DYDOFDQWLWKHGXWLIXOVRQZKRPZHDOVRNQRZ7KH
WKUHH\RXQJSHRSOHZHUHWDONLQJWRJHWKHU2QWKHHQWUDQFHRI
WKHQHZFRPHUVWKHLUH\HVJODQFHGIURPIDWKHUWRVRQDQG
WKHQQDWXUDOO\HQRXJKUHVWHGRQWKHODWWHUZKRPWKH\
EHJDQFULWLFLVLQJ&DYDOFDQWLVDLG'HEUD\$ILQHQDPH
VDLG0RUUHO
<HVVDLG&KDWHDX5HQDXGWKHVH,WDOLDQVDUHZHOOQDPHG

796

DQGEDGO\GUHVVHG
<RXDUHIDVWLGLRXV&KDWHDX5HQDXGUHSOLHG'HEUD\WKRVH
FORWKHVDUHZHOOFXWDQGTXLWHQHZ
7KDWLVMXVWZKDW,ILQGIDXOWZLWK7KDWJHQWOHPDQDSSHDUV
WREHZHOOGUHVVHGIRUWKHILUVWWLPHLQKLVOLIH
:KRDUHWKRVHJHQWOHPHQ"DVNHG'DQJODUVRI0RQWH&ULVWR
<RXKHDUG&DYDOFDQWL
7KDWWHOOVPHWKHLUQDPHDQGQRWKLQJHOVH
$KWUXH<RXGRQRWNQRZWKH,WDOLDQQRELOLW\WKH
&DYDOFDQWLDUHDOOGHVFHQGHGIURPSULQFHV
+DYHWKH\DQ\IRUWXQH"
$QHQRUPRXVRQH
:KDWGRWKH\GR"
7U\WRVSHQGLWDOO7KH\KDYHVRPHEXVLQHVVZLWK\RX,
WKLQNIURPZKDWWKH\WROGPHWKHGD\EHIRUH\HVWHUGD\,
LQGHHGLQYLWHGWKHPKHUHWRGD\RQ\RXUDFFRXQW,ZLOO
LQWURGXFH\RXWRWKHP
%XWWKH\DSSHDUWRVSHDN)UHQFKZLWKDYHU\SXUHDFFHQW
VDLG'DQJODUV
7KHVRQKDVEHHQHGXFDWHGLQDFROOHJHLQWKHVRXWK,
EHOLHYHQHDU0DUVHLOOHV<RXZLOOILQGKLPTXLWH
HQWKXVLDVWLF
8SRQZKDWVXEMHFW"DVNHG0DGDPH'DQJODUV
7KH)UHQFKODGLHVPDGDPH+HKDVPDGHXSKLVPLQGWRWDNH
DZLIHIURP3DULV
$ILQHLGHDWKDWRIKLVVDLG'DQJODUVVKUXJJLQJKLV
VKRXOGHUV0DGDPH'DQJODUVORRNHGDWKHUKXVEDQGZLWKDQ
H[SUHVVLRQZKLFKDWDQ\RWKHUWLPHZRXOGKDYHLQGLFDWHGD
VWRUPEXWIRUWKHVHFRQGWLPHVKHFRQWUROOHGKHUVHOI7KH

797

EDURQDSSHDUVWKRXJKWIXOWRGD\VDLG0RQWH&ULVWRWRKHU
DUHWKH\JRLQJWRSXWKLPLQWKHPLQLVWU\"
1RW\HW,WKLQN0RUHOLNHO\KHKDVEHHQVSHFXODWLQJRQ
WKH%RXUVHDQGKDVORVWPRQH\
0DQG0DGDPHGH9LOOHIRUWFULHG%DSWLVWLQ7KH\HQWHUHG
0GH9LOOHIRUWQRWZLWKVWDQGLQJKLVVHOIFRQWUROZDV
YLVLEO\DIIHFWHGDQGZKHQ0RQWH&ULVWRWRXFKHGKLVKDQGKH
IHOWLWWUHPEOH&HUWDLQO\ZRPHQDORQHNQRZKRZWR
GLVVLPXODWHVDLG0RQWH&ULVWRWRKLPVHOIJODQFLQJDW
0DGDPH'DQJODUVZKRZDVVPLOLQJRQWKHSURFXUHXUDQG
HPEUDFLQJKLVZLIH$IWHUDVKRUWWLPHWKHFRXQWVDZ
%HUWXFFLRZKRXQWLOWKHQKDGEHHQRFFXSLHGRQWKHRWKHU
VLGHRIWKHKRXVHJOLGHLQWRDQDGMRLQLQJURRP+HZHQWWR
KLP:KDWGR\RXZDQW0%HUWXFFLR"VDLGKH
<RXUH[FHOOHQF\KLVQRWVWDWHGWKHQXPEHURIJXHVWV
$KWUXH
+RZPDQ\FRYHUV"
&RXQWIRU\RXUVHOI
,VHYHU\RQHKHUH\RXUH[FHOOHQF\"
<HV
%HUWXFFLRJODQFHGWKURXJKWKHGRRUZKLFKZDVDMDU7KH
FRXQWZDWFKHGKLP*RRGKHDYHQVKHH[FODLPHG
:KDWLVWKHPDWWHU"VDLGWKHFRXQW
7KDWZRPDQWKDWZRPDQ
:KLFK"
7KHRQHZLWKDZKLWHGUHVVDQGVRPDQ\GLDPRQGVWKHIDLU
RQH
0DGDPH'DQJODUV"
,GRQRWNQRZKHUQDPHEXWLWLVVKHVLULWLVVKH

798

:KRPGR\RXPHDQ"
7KHZRPDQRIWKHJDUGHQVKHWKDWZDVHQFLHQWHVKH
ZKRZDVZDONLQJZKLOHVKHZDLWHGIRU%HUWXFFLRVWRRGDW
WKHRSHQGRRUZLWKKLVH\HVVWDUWLQJDQGKLVKDLURQHQG
:DLWLQJIRUZKRP"%HUWXFFLRZLWKRXWDQVZHULQJSRLQWHGWR
9LOOHIRUWZLWKVRPHWKLQJRIWKHJHVWXUH0DFEHWKXVHVWR
SRLQWRXW%DQTXR2KRKKHDWOHQJWKPXWWHUHGGR\RX
VHH"
:KDW":KR"
+LP
+LP0GH9LOOHIRUWWKHNLQJ
VDWWRUQH\"&HUWDLQO\,
VHHKLP
7KHQ,GLGQRWNLOOKLP"
5HDOO\,WKLQN\RXDUHJRLQJPDGJRRG%HUWXFFLRVDLG
WKHFRXQW
7KHQKHLVQRWGHDG"
1R\RXVHHSODLQO\KHLVQRWGHDG,QVWHDGRIVWULNLQJ
EHWZHHQWKHVL[WKDQGVHYHQWKOHIWULEVDV\RXUFRXQWU\PHQ
GR\RXPXVWKDYHVWUXFNKLJKHURUORZHUDQGOLIHLVYHU\
WHQDFLRXVLQWKHVHODZ\HUVRUUDWKHUWKHUHLVQRWUXWKLQ
DQ\WKLQJ\RXKDYHWROGPHLWZDVDIULJKWRIWKH
LPDJLQDWLRQDGUHDPRI\RXUIDQF\<RXZHQWWRVOHHSIXOO
RIWKRXJKWVRIYHQJHDQFHWKH\ZHLJKHGKHDYLO\XSRQ\RXU
VWRPDFK\RXKDGWKHQLJKWPDUHWKDW
VDOO&RPHFDOP
\RXUVHOIDQGUHFNRQWKHPXS0DQG0DGDPHGH9LOOHIRUW
WZR0DQG0DGDPH'DQJODUVIRXU0GH&KDWHDX5HQDXG0
'HEUD\00RUUHOVHYHQ0DMRU%DUWRORPHR&DYDOFDQWL
HLJKW
(LJKWUHSHDWHG%HUWXFFLR
6WRS<RXDUHLQDVKRFNLQJKXUU\WREHRII\RXIRUJHW
RQHRIP\JXHVWV/HDQDOLWWOHWRWKHOHIW6WD\ORRNDW
0$QGUHD&DYDOFDQWLWKH\RXQJPDQLQDEODFNFRDWORRNLQJ

799

DW0XULOOR
V0DGRQQDQRZKHLVWXUQLQJ7KLVWLPH
%HUWXFFLRZRXOGKDYHXWWHUHGDQH[FODPDWLRQKDGQRWDORRN
IURP0RQWH&ULVWRVLOHQFHGKLP%HQHGHWWR"KHPXWWHUHG
IDWDOLW\
+DOISDVWVL[R
FORFNKDVMXVWVWUXFN0%HUWXFFLRVDLG
WKHFRXQWVHYHUHO\,RUGHUHGGLQQHUDWWKDWKRXUDQG,GR
QRWOLNHWRZDLWDQGKHUHWXUQHGWRKLVJXHVWVZKLOH
%HUWXFFLROHDQLQJDJDLQVWWKHZDOOVXFFHHGHGLQUHDFKLQJ
WKHGLQLQJURRP)LYHPLQXWHVDIWHUZDUGVWKHGRRUVRIWKH
GUDZLQJURRPZHUHWKURZQRSHQDQG%HUWXFFLRDSSHDULQJVDLG
ZLWKDYLROHQWHIIRUW7KHGLQQHUZDLWV
7KH&RXQWRI0RQWH&ULVWRRIIHUHGKLVDUPWR0DGDPHGH
9LOOHIRUW0GH9LOOHIRUWKHVDLGZLOO\RXFRQGXFWWKH
%DURQHVV'DQJODUV"
9LOOHIRUWFRPSOLHGDQGWKH\SDVVHGRQWRWKHGLQLQJURRP

&KDSWHU
7KH'LQQHU
,WZDVHYLGHQWWKDWRQHVHQWLPHQWDIIHFWHGDOOWKHJXHVWVRQ
HQWHULQJWKHGLQLQJURRP(DFKRQHDVNHGZKDWVWUDQJH
LQIOXHQFHKDGEURXJKWWKHPWRWKLVKRXVHDQG\HW
DVWRQLVKHGHYHQXQHDV\WKRXJKWKH\ZHUHWKH\VWLOOIHOW
WKDWWKH\ZRXOGQRWOLNHWREHDEVHQW7KHUHFHQWHYHQWV
WKHVROLWDU\DQGHFFHQWULFSRVLWLRQRIWKHFRXQWKLV
HQRUPRXVQD\DOPRVWLQFUHGLEOHIRUWXQHVKRXOGKDYHPDGH
PHQFDXWLRXVDQGKDYHDOWRJHWKHUSUHYHQWHGODGLHVYLVLWLQJ
DKRXVHZKHUHWKHUHZDVQRRQHRIWKHLURZQVH[WRUHFHLYH
WKHPDQG\HWFXULRVLW\KDGEHHQHQRXJKWROHDGWKHPWR
RYHUOHDSWKHERXQGVRISUXGHQFHDQGGHFRUXP$QGDOO
SUHVHQWHYHQLQFOXGLQJ&DYDOFDQWLDQGKLVVRQ
QRWZLWKVWDQGLQJWKHVWLIIQHVVRIWKHRQHDQGWKH
FDUHOHVVQHVVRIWKHRWKHUZHUHWKRXJKWIXORQILQGLQJ
WKHPVHOYHVDVVHPEOHGDWWKHKRXVHRIWKLVLQFRPSUHKHQVLEOH
PDQ0DGDPH'DQJODUVKDGVWDUWHGZKHQ9LOOHIRUWRQWKH
FRXQW
VLQYLWDWLRQRIIHUHGKLVDUPDQG9LOOHIRUWIHOWWKDW
KLVJODQFHZDVXQHDV\EHQHDWKKLVJROGVSHFWDFOHVZKHQKH
IHOWWKHDUPRIWKHEDURQHVVSUHVVXSRQKLVRZQ1RQHRI
WKLVKDGHVFDSHGWKHFRXQWDQGHYHQE\WKLVPHUHFRQWDFWRI

800

LQGLYLGXDOVWKHVFHQHKDGDOUHDG\DFTXLUHGFRQVLGHUDEOH
LQWHUHVWIRUDQREVHUYHU0GH9LOOHIRUWKDGRQWKHULJKW
KDQG0DGDPH'DQJODUVRQKLVOHIW0RUUHO7KHFRXQWZDV
VHDWHGEHWZHHQ0DGDPHGH9LOOHIRUWDQG'DQJODUVWKHRWKHU
VHDWVZHUHILOOHGE\'HEUD\ZKRZDVSODFHGEHWZHHQWKHWZR
&DYDOFDQWLDQGE\&KDWHDX5HQDXGVHDWHGEHWZHHQ0DGDPHGH
9LOOHIRUWDQG0RUUHO
7KHUHSDVWZDVPDJQLILFHQW0RQWH&ULVWRKDGHQGHDYRUHG
FRPSOHWHO\WRRYHUWXUQWKH3DULVLDQLGHDVDQGWRIHHGWKH
FXULRVLW\DVPXFKDVWKHDSSHWLWHRIKLVJXHVWV,WZDVDQ
2ULHQWDOIHDVWWKDWKHRIIHUHGWRWKHPEXWRIVXFKDNLQG
DVWKH$UDELDQIDLULHVPLJKWEHVXSSRVHGWRSUHSDUH(YHU\
GHOLFLRXVIUXLWWKDWWKHIRXUTXDUWHUVRIWKHJOREHFRXOG
SURYLGHZDVKHDSHGLQYDVHVIURP&KLQDDQGMDUVIURP-DSDQ
5DUHELUGVUHWDLQLQJWKHLUPRVWEULOOLDQWSOXPDJHHQRUPRXV
ILVKVSUHDGXSRQPDVVLYHVLOYHUGLVKHVWRJHWKHUZLWKHYHU\
ZLQHSURGXFHGLQWKH$UFKLSHODJR$VLD0LQRURUWKH&DSH
VSDUNOLQJLQERWWOHVZKRVHJURWHVTXHVKDSHVHHPHGWRJLYH
DQDGGLWLRQDOIODYRUWRWKHGUDXJKWDOOWKHVHOLNHRQH
RIWKHGLVSOD\VZLWKZKLFK$SLFLXVRIROGJUDWLILHGKLV
JXHVWVSDVVHGLQUHYLHZEHIRUHWKHH\HVRIWKHDVWRQLVKHG
3DULVLDQVZKRXQGHUVWRRGWKDWLWZDVSRVVLEOHWRH[SHQGD
WKRXVDQGORXLVXSRQDGLQQHUIRUWHQSHUVRQVEXWRQO\RQ
WKHFRQGLWLRQRIHDWLQJSHDUOVOLNH&OHRSDWUDRUGULQNLQJ
UHILQHGJROGOLNH/RUHQ]RGH
0HGLFL
0RQWH&ULVWRQRWLFHGWKHJHQHUDODVWRQLVKPHQWDQGEHJDQ
ODXJKLQJDQGMRNLQJDERXWLW*HQWOHPHQKHVDLG\RX
ZLOODGPLWWKDWZKHQDUULYHGDWDFHUWDLQGHJUHHRI
IRUWXQHWKHVXSHUIOXLWLHVRIOLIHDUHDOOWKDWFDQEH
GHVLUHGDQGWKHODGLHVZLOODOORZWKDWDIWHUKDYLQJULVHQ
WRDFHUWDLQHPLQHQFHRISRVLWLRQWKHLGHDODORQHFDQEH
PRUHH[DOWHG1RZWRIROORZRXWWKLVUHDVRQLQJZKDWLVWKH
PDUYHOORXV"WKDWZKLFKZHGRQRWXQGHUVWDQG:KDWLVLW
WKDWZHUHDOO\GHVLUH"WKDWZKLFKZHFDQQRWREWDLQ1RZ
WRVHHWKLQJVZKLFK,FDQQRWXQGHUVWDQGWRSURFXUH
LPSRVVLELOLWLHVWKHVHDUHWKHVWXG\RIP\OLIH,JUDWLI\
P\ZLVKHVE\WZRPHDQVP\ZLOODQGP\PRQH\,WDNHDV
PXFKLQWHUHVWLQWKHSXUVXLWRIVRPHZKLPDV\RXGR0
'DQJODUVLQSURPRWLQJDQHZUDLOZD\OLQH\RX0GH
9LOOHIRUWLQFRQGHPQLQJDFXOSULWWRGHDWK\RX0'HEUD\
LQSDFLI\LQJDNLQJGRP\RX0GH&KDWHDX5HQDXGLQ
SOHDVLQJDZRPDQDQG\RX0RUUHOLQEUHDNLQJDKRUVHWKDW

801

QRRQHFDQULGH)RUH[DPSOH\RXVHHWKHVHWZRILVKRQH
EURXJKWILIW\OHDJXHVEH\RQG6W3HWHUVEXUJWKHRWKHUILYH
OHDJXHVIURP1DSOHV,VLWQRWDPXVLQJWRVHHWKHPERWKRQ
WKHVDPHWDEOH"
:KDWDUHWKHWZRILVK"DVNHG'DQJODUV
0&KDWHDX5HQDXGZKRKDVOLYHGLQ5XVVLDZLOOWHOO\RX
WKHQDPHRIRQHDQG0DMRU&DYDOFDQWLZKRLVDQ,WDOLDQ
ZLOOWHOO\RXWKHQDPHRIWKHRWKHU
7KLVRQHLV,WKLQNDVWHUOHWVDLG&KDWHDX5HQDXG
$QGWKDWRQHLI,PLVWDNHQRWDODPSUH\
-XVWVR1RZ0'DQJODUVDVNWKHVHJHQWOHPHQZKHUHWKH\
DUHFDXJKW
6WDUOHWVVDLG&KDWHDX5HQDXGDUHRQO\IRXQGLQWKH
9ROJD
$QGVDLG&DYDOFDQWL,NQRZWKDW/DNH)XVDURDORQH
VXSSOLHVODPSUH\VRIWKDWVL]H
([DFWO\RQHFRPHVIURPWKH9ROJDDQGWKHRWKHUIURP/DNH
)XVDUR
,PSRVVLEOHFULHGDOOWKHJXHVWVVLPXOWDQHRXVO\
:HOOWKLVLVMXVWZKDWDPXVHVPHVDLG0RQWH&ULVWR,
DPOLNH1HURFXSLWRULPSRVVLELOLXPDQGWKDWLVZKDWLV
DPXVLQJ\RXDWWKLVPRPHQW7KLVILVKZKLFKVHHPVVR
H[TXLVLWHWR\RXLVYHU\OLNHO\QREHWWHUWKDQSHUFKRU
VDOPRQEXWLWVHHPHGLPSRVVLEOHWRSURFXUHLWDQGKHUHLW
LV
%XWKRZFRXOG\RXKDYHWKHVHILVKEURXJKWWR)UDQFH"
2KQRWKLQJPRUHHDV\(DFKILVKZDVEURXJKWRYHULQDFDVN
RQHILOOHGZLWKULYHUKHUEVDQGZHHGVWKHRWKHUZLWK
UXVKHVDQGODNHSODQWVWKH\ZHUHSODFHGLQDZDJRQEXLOWRQ
SXUSRVHDQGWKXVWKHVWHUOHWOLYHGWZHOYHGD\VWKHODPSUH\
HLJKWDQGERWKZHUHDOLYHZKHQP\FRRNVHL]HGWKHPNLOOLQJ
RQHZLWKPLONDQGWKHRWKHUZLWKZLQH<RXGRQRWEHOLHYH

802

PH0'DQJODUV
,FDQQRWKHOSGRXEWLQJDQVZHUHG'DQJODUVZLWKKLVVWXSLG
VPLOH
%DSWLVWLQVDLGWKHFRXQWKDYHWKHRWKHUILVKEURXJKWLQ
WKHVWHUOHWDQGWKHODPSUH\ZKLFKFDPHLQWKHRWKHU
FDVNVDQGZKLFKDUH\HWDOLYH'DQJODUVRSHQHGKLV
EHZLOGHUHGH\HVWKHFRPSDQ\FODSSHGWKHLUKDQGV)RXU
VHUYDQWVFDUULHGLQWZRFDVNVFRYHUHGZLWKDTXDWLFSODQWV
DQGLQHDFKRIZKLFKZDVEUHDWKLQJDILVKVLPLODUWRWKRVH
RQWKHWDEOH
%XWZK\KDYHWZRRIHDFKVRUW"DVNHG'DQJODUV
0HUHO\EHFDXVHRQHPLJKWKDYHGLHGFDUHOHVVO\DQVZHUHG
0RQWH&ULVWR
<RXDUHFHUWDLQO\DQH[WUDRUGLQDU\PDQVDLG'DQJODUV
DQGSKLORVRSKHUVPD\ZHOOVD\LWLVDILQHWKLQJWREH
ULFK
$QGWRKDYHLGHDVDGGHG0DGDPH'DQJODUV
2KGRQRWJLYHPHFUHGLWIRUWKLVPDGDPHLWZDVGRQHE\
WKH5RPDQVZKRPXFKHVWHHPHGWKHPDQG3OLQ\UHODWHVWKDW
WKH\VHQWVODYHVIURP2VWLDWR5RPHZKRFDUULHGRQWKHLU
KHDGVILVKZKLFKKHFDOOVWKHPXOXVDQGZKLFKIURPWKH
GHVFULSWLRQPXVWSUREDEO\EHWKHJROGILVK,WZDVDOVR
FRQVLGHUHGDOX[XU\WRKDYHWKHPDOLYHLWEHLQJDQDPXVLQJ
VLJKWWRVHHWKHPGLHIRUZKHQG\LQJWKH\FKDQJHFRORU
WKUHHRUIRXUWLPHVDQGOLNHWKHUDLQERZZKHQLW
GLVDSSHDUVSDVVWKURXJKDOOWKHSULVPDWLFVKDGHVDIWHU
ZKLFKWKH\ZHUHVHQWWRWKHNLWFKHQ7KHLUDJRQ\IRUPHGSDUW
RIWKHLUPHULWLIWKH\ZHUHQRWVHHQDOLYHWKH\ZHUH
GHVSLVHGZKHQGHDG
<HVVDLG'HEUD\EXWWKHQ2VWLDLVRQO\DIHZOHDJXHV
IURP5RPH
7UXHVDLG0RQWH&ULVWREXWZKDWZRXOGEHWKHXVHRI
OLYLQJHLJKWHHQKXQGUHG\HDUVDIWHU/XFXOOXVLIZHFDQGR
QREHWWHUWKDQKHFRXOG"7KHWZR&DYDOFDQWLRSHQHGWKHLU
HQRUPRXVH\HVEXWKDGWKHJRRGVHQVHQRWWRVD\DQ\WKLQJ

803

$OOWKLVLVYHU\H[WUDRUGLQDU\VDLG&KDWHDX5HQDXG
VWLOOZKDW,DGPLUHWKHPRVW,FRQIHVVLVWKHPDUYHOORXV
SURPSWLWXGHZLWKZKLFK\RXURUGHUVDUHH[HFXWHG,VLWQRW
WUXHWKDW\RXRQO\ERXJKWWKLVKRXVHILYHRUVL[GD\VDJR"
&HUWDLQO\QRWORQJHU
:HOO,DPVXUHLWLVTXLWHWUDQVIRUPHGVLQFHODVWZHHN,I
,UHPHPEHUULJKWO\LWKDGDQRWKHUHQWUDQFHDQGWKH
FRXUW\DUGZDVSDYHGDQGHPSW\ZKLOHWRGD\ZHKDYHD
VSOHQGLGODZQERUGHUHGE\WUHHVZKLFKDSSHDUWREHD
KXQGUHG\HDUVROG
:K\QRW",DPIRQGRIJUDVVDQGVKDGHVDLG0RQWH&ULVWR
<HVVDLG0DGDPHGH9LOOHIRUWWKHGRRUZDVWRZDUGVWKH
URDGEHIRUHDQGRQWKHGD\RIP\PLUDFXORXVHVFDSH\RX
EURXJKWPHLQWRWKHKRXVHIURPWKHURDG,UHPHPEHU
<HVPDGDPHVDLG0RQWH&ULVWREXW,SUHIHUUHGKDYLQJDQ
HQWUDQFHZKLFKZRXOGDOORZPHWRVHHWKH%RLVGH%RXORJQH
RYHUP\JDWH
,QIRXUGD\VVDLG0RUUHOLWLVH[WUDRUGLQDU\
,QGHHGVDLG&KDWHDX5HQDXGLWVHHPVTXLWHPLUDFXORXVWR
PDNHDQHZKRXVHRXWRIDQROGRQHIRULWZDVYHU\ROGDQG
GXOOWRR,UHFROOHFWFRPLQJIRUP\PRWKHUWRORRNDWLW
ZKHQ0GH6DLQW0HUDQDGYHUWLVHGLWIRUVDOHWZRRUWKUHH
\HDUVDJR
0GH6DLQW0HUDQ"VDLG0DGDPHGH9LOOHIRUWWKHQWKLV
KRXVHEHORQJHGWR0GH6DLQW0HUDQEHIRUH\RXERXJKWLW"
,WDSSHDUVVRUHSOLHG0RQWH&ULVWR
,VLWSRVVLEOHWKDW\RXGRQRWNQRZRIZKRP\RXSXUFKDVHG
LW"
4XLWHVRP\VWHZDUGWUDQVDFWVDOOWKLVEXVLQHVVIRUPH
,WLVFHUWDLQO\WHQ\HDUVVLQFHWKHKRXVHKDGEHHQ
RFFXSLHGVDLG&KDWHDX5HQDXGDQGLWZDVTXLWHPHODQFKRO\
WRORRNDWLWZLWKWKHEOLQGVFORVHGWKHGRRUVORFNHGDQG

804

WKHZHHGVLQWKHFRXUW5HDOO\LIWKHKRXVHKDGQRW
EHORQJHGWRWKHIDWKHULQODZRIWKHSURFXUHXURQHPLJKW
KDYHWKRXJKWLWVRPHDFFXUVHGSODFHZKHUHDKRUULEOHFULPH
KDGEHHQFRPPLWWHG9LOOHIRUWZKRKDGKLWKHUWRQRWWDVWHG
WKHWKUHHRUIRXUJODVVHVRIUDUHZLQHZKLFKZHUHSODFHG
EHIRUHKLPKHUHWRRNRQHDQGGUDQNLWRII0RQWH&ULVWR
DOORZHGDVKRUWWLPHWRHODSVHDQGWKHQVDLG,WLV
VLQJXODUEDURQEXWWKHVDPHLGHDFDPHDFURVVPHWKHILUVW
WLPH,FDPHKHUHLWORRNHGVRJORRP\,VKRXOGQHYHUKDYH
ERXJKWLWLIP\VWHZDUGKDGQRWWDNHQWKHPDWWHULQWRKLV
RZQKDQGV3HUKDSVWKHIHOORZKDGEHHQEULEHGE\WKH
QRWDU\
,WLVSUREDEOHVWDPPHUHGRXW9LOOHIRUWWU\LQJWRVPLOH
EXW,FDQDVVXUH\RXWKDW,KDGQRWKLQJWRGRZLWKDQ\VXFK
SURFHHGLQJ7KLVKRXVHLVSDUWRI9DOHQWLQH
V
PDUULDJHSRUWLRQDQG0GH6DLQW0HUDQZLVKHGWRVHOOLW
IRULILWKDGUHPDLQHGDQRWKHU\HDURUWZRXQLQKDELWHGLW
ZRXOGKDYHIDOOHQWRUXLQ,WZDV0RUUHO
VWXUQWREHFRPH
SDOH
7KHUHZDVDERYHDOORQHURRPFRQWLQXHG0RQWH&ULVWR
YHU\SODLQLQDSSHDUDQFHKXQJZLWKUHGGDPDVNZKLFK,
NQRZQRWZK\DSSHDUHGWRPHTXLWHGUDPDWLF
:K\VR"VDLG'DQJODUVZK\GUDPDWLF"
&DQZHDFFRXQWIRULQVWLQFW"VDLG0RQWH&ULVWR$UHWKHUH
QRWVRPHSODFHVZKHUHZHVHHPWREUHDWKHVDGQHVV"ZK\ZH
FDQQRWWHOO,WLVDFKDLQRIUHFROOHFWLRQVDQLGHDZKLFK
FDUULHV\RXEDFNWRRWKHUWLPHVWRRWKHUSODFHVZKLFK
YHU\OLNHO\KDYHQRFRQQHFWLRQZLWKWKHSUHVHQWWLPHDQG
SODFH$QGWKHUHLVVRPHWKLQJLQWKLVURRPZKLFKUHPLQGVPH
IRUFLEO\RIWKHFKDPEHURIWKH0DUTXLVHGH*DQJHV RU
'HVGHPRQD6WD\VLQFHZHKDYHILQLVKHGGLQQHU,ZLOOVKRZ
LWWR\RXDQGWKHQZHZLOOWDNHFRIIHHLQWKHJDUGHQ$IWHU
GLQQHUWKHSOD\0RQWH&ULVWRORRNHGLQTXLULQJO\DWKLV
JXHVWV0DGDPHGH9LOOHIRUWURVH0RQWH&ULVWRGLGWKHVDPH
DQGWKHUHVWIROORZHGWKHLUH[DPSOH9LOOHIRUWDQG0DGDPH
'DQJODUVUHPDLQHGIRUDPRPHQWDVLIURRWHGWRWKHLUVHDWV
WKH\TXHVWLRQHGHDFKRWKHUZLWKYDJXHDQGVWXSLGJODQFHV
'LG\RXKHDU"VDLG0DGDPH'DQJODUV
(OLVDEHWKGH5RVVDQ0DUTXLVHGH*DQJHVZDVRQHRIWKH

805

IDPRXVZRPHQRIWKHFRXUWRI/RXLV;,9ZKHUHVKHZDVNQRZQ
DV/D%HOOH3URYHQFDOH6KHZDVWKHZLGRZRIWKH0DUTXLVH
GH&DVWHOODQHZKHQVKHPDUULHGGH*DQJHVDQGKDYLQJWKH
PLVIRUWXQHWRH[FLWHWKHHQPLW\RIKHUQHZEURWKHUVLQODZ
ZDVIRUFHGE\WKHPWRWDNHSRLVRQDQGWKH\ILQLVKHGKHURII
ZLWKSLVWRODQGGDJJHU(G
:HPXVWJRUHSOLHG9LOOHIRUWRIIHULQJKLVDUP7KH
RWKHUVDWWUDFWHGE\FXULRVLW\ZHUHDOUHDG\VFDWWHUHGLQ
GLIIHUHQWSDUWVRIWKHKRXVHIRUWKH\WKRXJKWWKHYLVLW
ZRXOGQRWEHOLPLWHGWRWKHRQHURRPDQGWKDWDWWKHVDPH
WLPHWKH\ZRXOGREWDLQDYLHZRIWKHUHVWRIWKHEXLOGLQJ
RIZKLFK0RQWH&ULVWRKDGFUHDWHGDSDODFH(DFKRQHZHQW
RXWE\WKHRSHQGRRUV0RQWH&ULVWRZDLWHGIRUWKHWZRZKR
UHPDLQHGWKHQZKHQWKH\KDGSDVVHGKHEURXJKWXSWKH
UHDUDQGRQKLVIDFHZDVDVPLOHZKLFKLIWKH\FRXOGKDYH
XQGHUVWRRGLWZRXOGKDYHDODUPHGWKHPPXFKPRUHWKDQD
YLVLWWRWKHURRPWKH\ZHUHDERXWWRHQWHU7KH\EHJDQE\
ZDONLQJWKURXJKWKHDSDUWPHQWVPDQ\RIZKLFKZHUHILWWHGXS
LQWKH(DVWHUQVW\OHZLWKFXVKLRQVDQGGLYDQVLQVWHDGRI
EHGVDQGSLSHVLQVWHDGRIIXUQLWXUH7KHGUDZLQJURRPVZHUH
GHFRUDWHGZLWKWKHUDUHVWSLFWXUHVE\WKHROGPDVWHUVWKH
ERXGRLUVKXQJZLWKGUDSHULHVIURP&KLQDRIIDQFLIXOFRORUV
IDQWDVWLFGHVLJQDQGZRQGHUIXOWH[WXUH$WOHQJWKWKH\
DUULYHGDWWKHIDPRXVURRP7KHUHZDVQRWKLQJSDUWLFXODU
DERXWLWH[FHSWLQJWKDWDOWKRXJKGD\OLJKWKDGGLVDSSHDUHG
LWZDVQRWOLJKWHGDQGHYHU\WKLQJLQLWZDVROGIDVKLRQHG
ZKLOHWKHUHVWRIWKHURRPVKDGEHHQUHGHFRUDWHG7KHVHWZR
FDXVHVZHUHHQRXJKWRJLYHLWDJORRP\DVSHFW2KFULHG
0DGDPHGH9LOOHIRUWLWLVUHDOO\IULJKWIXO0DGDPH
'DQJODUVWULHGWRXWWHUDIHZZRUGVEXWZDVQRWKHDUG0DQ\
REVHUYDWLRQVZHUHPDGHWKHLPSRUWRIZKLFKZDVDXQDQLPRXV
RSLQLRQWKDWWKHUHZDVVRPHWKLQJVLQLVWHUDERXWWKHURRP
,VLWQRWVR"DVNHG0RQWH&ULVWR/RRNDWWKDWODUJH
FOXPV\EHGKXQJZLWKVXFKJORRP\EORRGFRORUHGGUDSHU\
$QGWKRVHWZRFUD\RQSRUWUDLWVWKDWKDYHIDGHGIURPWKH
GDPSQHVVGRWKH\QRWVHHPWRVD\ZLWKWKHLUSDOHOLSVDQG
VWDULQJH\HVC:HKDYHVHHQ
"9LOOHIRUWEHFDPHOLYLG
0DGDPH'DQJODUVIHOOLQWRDORQJVHDWSODFHGQHDUWKH
FKLPQH\2KVDLG0DGDPHGH9LOOHIRUWVPLOLQJDUH\RX
FRXUDJHRXVHQRXJKWRVLWGRZQXSRQWKHYHU\VHDWSHUKDSV
XSRQZKLFKWKHFULPHZDVFRPPLWWHG"0DGDPH'DQJODUVURVH
VXGGHQO\

806

$QGWKHQVDLG0RQWH&ULVWRWKLVLVQRWDOO
:KDWLVWKHUHPRUH"VDLG'HEUD\ZKRKDGQRWIDLOHGWR
QRWLFHWKHDJLWDWLRQRI0DGDPH'DQJODUV
$KZKDWHOVHLVWKHUH"VDLG'DQJODUVIRUDWSUHVHQW,
FDQQRWVD\WKDW,KDYHVHHQDQ\WKLQJH[WUDRUGLQDU\:KDWGR
\RXVD\0&DYDOFDQWL"
$KVDLGKHZHKDYHDW3LVD8JROLQR
VWRZHUDW
)HUUDUD7DVVR
VSULVRQDW5LPLQLWKHURRPRI)UDQFHVFD
DQG3DROR
<HVEXW\RXKDYHQRWWKLVOLWWOHVWDLUFDVHVDLG0RQWH
&ULVWRRSHQLQJDGRRUFRQFHDOHGE\WKHGUDSHU\/RRNDW
LWDQGWHOOPHZKDW\RXWKLQNRILW
:KDWDZLFNHGORRNLQJFURRNHGVWDLUFDVHVDLG
&KDWHDX5HQDXGZLWKDVPLOH
,GRQRWNQRZZKHWKHUWKHZLQHRI&KLRVSURGXFHV
PHODQFKRO\EXWFHUWDLQO\HYHU\WKLQJDSSHDUVWRPHEODFNLQ
WKLVKRXVHVDLG'HEUD\
(YHUVLQFH9DOHQWLQH
VGRZU\KDGEHHQPHQWLRQHG0RUUHOKDG
EHHQVLOHQWDQGVDG&DQ\RXLPDJLQHVDLG0RQWH&ULVWR
VRPH2WKHOORRU$EEHGH*DQJHVRQHVWRUP\GDUNQLJKW
GHVFHQGLQJWKHVHVWDLUVVWHSE\VWHSFDUU\LQJDORDGZKLFK
KHZLVKHVWRKLGHIURPWKHVLJKWRIPDQLIQRWIURP*RG"
0DGDPH'DQJODUVKDOIIDLQWHGRQWKHDUPRI9LOOHIRUWZKR
ZDVREOLJHGWRVXSSRUWKLPVHOIDJDLQVWWKHZDOO$K
PDGDPHFULHG'HEUD\ZKDWLVWKHPDWWHUZLWK\RX"KRZ
SDOH\RXORRN
,WLVYHU\HYLGHQWZKDWLVWKHPDWWHUZLWKKHUVDLG
0DGDPHGH9LOOHIRUW0GH0RQWH&ULVWRLVUHODWLQJ
KRUULEOHVWRULHVWRXVGRXEWOHVVLQWHQGLQJWRIULJKWHQXV
WRGHDWK
<HVVDLG9LOOHIRUWUHDOO\FRXQW\RXIULJKWHQWKH
ODGLHV
:KDWLVWKHPDWWHU"DVNHG'HEUD\LQDZKLVSHURI0DGDPH
'DQJODUV

807

1RWKLQJVKHUHSOLHGZLWKDYLROHQWHIIRUW,ZDQWDLU
WKDWLVDOO
:LOO\RXFRPHLQWRWKHJDUGHQ"VDLG'HEUD\DGYDQFLQJ
WRZDUGVWKHEDFNVWDLUFDVH
1RQRVKHDQVZHUHG,ZRXOGUDWKHUUHPDLQKHUH
$UH\RXUHDOO\IULJKWHQHGPDGDPH"VDLG0RQWH&ULVWR
2KQRVLUVDLG0DGDPH'DQJODUVEXW\RXVXSSRVHVFHQHV
LQDPDQQHUZKLFKJLYHVWKHPWKHDSSHDUDQFHRIUHDOLW\
$K\HVVDLG0RQWH&ULVWRVPLOLQJLWLVDOODPDWWHURI
LPDJLQDWLRQ:K\VKRXOGZHQRWLPDJLQHWKLVWKHDSDUWPHQWRI
DQKRQHVWPRWKHU"$QGWKLVEHGZLWKUHGKDQJLQJVDEHG
YLVLWHGE\WKHJRGGHVV/XFLQD"$QGWKDWP\VWHULRXV
VWDLUFDVHWKHSDVVDJHWKURXJKZKLFKQRWWRGLVWXUEWKHLU
VOHHSWKHGRFWRUDQGQXUVHSDVVRUHYHQWKHIDWKHU
FDUU\LQJWKHVOHHSLQJFKLOG"+HUH0DGDPH'DQJODUVLQVWHDG
RIEHLQJFDOPHGE\WKHVRIWSLFWXUHXWWHUHGDJURDQDQG
IDLQWHG0DGDPH'DQJODUVLVLOOVDLG9LOOHIRUWLWZRXOG
EHEHWWHUWRWDNHKHUWRKHUFDUULDJH
2KPRQ'LHXVDLG0RQWH&ULVWRDQG,KDYHIRUJRWWHQP\
VPHOOLQJERWWOH
,KDYHPLQHVDLG0DGDPHGH9LOOHIRUWDQGVKHSDVVHGRYHU
WR0RQWH&ULVWRDERWWOHIXOORIWKHVDPHNLQGRIUHGOLTXLG
ZKRVHJRRGSURSHUWLHVWKHFRXQWKDGWHVWHGRQ(GZDUG
$KVDLG0RQWH&ULVWRWDNLQJLWIURPKHUKDQG
<HVVKHVDLGDW\RXUDGYLFH,KDYHPDGHWKHWULDO
$QGKDYH\RXVXFFHHGHG"
,WKLQNVR
0DGDPH'DQJODUVZDVFDUULHGLQWRWKHDGMRLQLQJURRP0RQWH
&ULVWRGURSSHGDYHU\VPDOOSRUWLRQRIWKHUHGOLTXLGXSRQ
KHUOLSVVKHUHWXUQHGWRFRQVFLRXVQHVV$KVKHFULHG
ZKDWDIULJKWIXOGUHDP

808

9LOOHIRUWSUHVVHGKHUKDQGWROHWKHUNQRZLWZDVQRWD
GUHDP7KH\ORRNHGIRU0'DQJODUVEXWDVKHZDVQRW
HVSHFLDOO\LQWHUHVWHGLQSRHWLFDOLGHDVKHKDGJRQHLQWR
WKHJDUGHQDQGZDVWDONLQJZLWK0DMRU&DYDOFDQWLRQWKH
SURMHFWHGUDLOZD\IURP/HJKRUQWR)ORUHQFH0RQWH&ULVWR
VHHPHGLQGHVSDLU+HWRRNWKHDUPRI0DGDPH'DQJODUVDQG
FRQGXFWHGKHULQWRWKHJDUGHQZKHUHWKH\IRXQG'DQJODUV
WDNLQJFRIIHHEHWZHHQWKH&DYDOFDQWL5HDOO\PDGDPHKH
VDLGGLG,DODUP\RXPXFK"
2KQRVLUVKHDQVZHUHGEXW\RXNQRZWKLQJVLPSUHVV
XVGLIIHUHQWO\DFFRUGLQJWRWKHPRRGRIRXUPLQGV
9LOOHIRUWIRUFHGDODXJK$QGWKHQ\RXNQRZKHVDLGDQ
LGHDDVXSSRVLWLRQLVVXIILFLHQW
:HOOVDLG0RQWH&ULVWR\RXPD\EHOLHYHPHLI\RXOLNH
EXWLWLVP\RSLQLRQWKDWDFULPHKDVEHHQFRPPLWWHGLQWKLV
KRXVH
7DNHFDUHVDLG0DGDPHGH9LOOHIRUWWKHNLQJ
VDWWRUQH\
LVKHUH
$KUHSOLHG0RQWH&ULVWRVLQFHWKDWLVWKHFDVH,ZLOO
WDNHDGYDQWDJHRIKLVSUHVHQFHWRPDNHP\GHFODUDWLRQ
<RXUGHFODUDWLRQ"VDLG9LOOHIRUW
<HVEHIRUHZLWQHVVHV
2KWKLVLVYHU\LQWHUHVWLQJVDLG'HEUD\LIWKHUH
UHDOO\KDVEHHQDFULPHZHZLOOLQYHVWLJDWHLW
7KHUHKDVEHHQDFULPHVDLG0RQWH&ULVWR&RPHWKLVZD\
JHQWOHPHQFRPH09LOOHIRUWIRUDGHFODUDWLRQWREH
DYDLODEOHVKRXOGEHPDGHEHIRUHWKHFRPSHWHQWDXWKRULWLHV
+HWKHQWRRN9LOOHIRUW
VDUPDQGDWWKHVDPHWLPHKROGLQJ
WKDWRI0DGDPH'DQJODUVXQGHUKLVRZQKHGUDJJHGWKH
SURFXUHXUWRWKHSODQWDLQWUHHZKHUHWKHVKDGHZDV
WKLFNHVW$OOWKHRWKHUJXHVWVIROORZHG6WD\VDLG0RQWH
&ULVWRKHUHLQWKLVYHU\VSRW DQGKHVWDPSHGXSRQWKH
JURXQG ,KDGWKHHDUWKGXJXSDQGIUHVKPRXOGSXWLQWR
UHIUHVKWKHVHROGWUHHVZHOOP\PDQGLJJLQJIRXQGDER[
RUUDWKHUWKHLURQZRUNRIDER[LQWKHPLGVWRIZKLFKZDV

809

WKHVNHOHWRQRIDQHZO\ERUQLQIDQW0RQWH&ULVWRIHOWWKH
DUPRI0DGDPH'DQJODUVVWLIIHQZKLOHWKDWRI9LOOHIRUW
WUHPEOHG$QHZO\ERUQLQIDQWUHSHDWHG'HEUD\WKLV
DIIDLUEHFRPHVVHULRXV
:HOOVDLG&KDWHDX5HQDXG,ZDVQRWZURQJMXVWQRZWKHQ
ZKHQ,VDLGWKDWKRXVHVKDGVRXOVDQGIDFHVOLNHPHQDQG
WKDWWKHLUH[WHULRUVFDUULHGWKHLPSUHVVRIWKHLU
FKDUDFWHUV7KLVKRXVHZDVJORRP\EHFDXVHLWZDVUHPRUVHIXO
LWZDVUHPRUVHIXOEHFDXVHLWFRQFHDOHGDFULPH
:KRVDLGLWZDVDFULPH"DVNHG9LOOHIRUWZLWKDODVW
HIIRUW
+RZ"LVLWQRWDFULPHWREXU\DOLYLQJFKLOGLQDJDUGHQ"
FULHG0RQWH&ULVWR$QGSUD\ZKDWGR\RXFDOOVXFKDQ
DFWLRQ"
%XWZKRVDLGLWZDVEXULHGDOLYH"
:K\EXU\LWWKHUHLILWZHUHGHDG"7KLVJDUGHQKDVQHYHU
EHHQDFHPHWHU\
:KDWLVGRQHWRLQIDQWLFLGHVLQWKLVFRXQWU\"DVNHG0DMRU
&DYDOFDQWLLQQRFHQWO\
2KWKHLUKHDGVDUHVRRQFXWRIIVDLG'DQJODUV
$KLQGHHG"VDLG&DYDOFDQWL
,WKLQNVRDP,QRWULJKW0GH9LOOHIRUW"DVNHG0RQWH
&ULVWR
<HVFRXQWUHSOLHG9LOOHIRUWLQDYRLFHQRZVFDUFHO\
KXPDQ
0RQWH&ULVWRVHHLQJWKDWWKHWZRSHUVRQVIRUZKRPKHKDG
SUHSDUHGWKLVVFHQHFRXOGVFDUFHO\HQGXUHLWDQGQRW
ZLVKLQJWRFDUU\LWWRRIDUVDLG&RPHJHQWOHPHQVRPH
FRIIHHZHVHHPWRKDYHIRUJRWWHQLWDQGKHFRQGXFWHGWKH
JXHVWVEDFNWRWKHWDEOHRQWKHODZQ
,QGHHGFRXQWVDLG0DGDPH'DQJODUV,DPDVKDPHGWRRZQ
LWEXWDOO\RXUIULJKWIXOVWRULHVKDYHVRXSVHWPHWKDW,

810

PXVWEHJ\RXWROHWPHVLWGRZQDQGVKHIHOOLQWRDFKDLU
0RQWH&ULVWRERZHGDQGZHQWWR0DGDPHGH9LOOHIRUW,
WKLQN0DGDPH'DQJODUVDJDLQUHTXLUHV\RXUERWWOHKHVDLG
%XWEHIRUH0DGDPHGH9LOOHIRUWFRXOGUHDFKKHUIULHQGWKH
SURFXUHXUKDGIRXQGWLPHWRZKLVSHUWR0DGDPH'DQJODUV,
PXVWVSHDNWR\RX
:KHQ"
7RPRUURZ
:KHUH"
,QP\RIILFHRULQWKHFRXUWLI\RXOLNHWKDWLVWKH
VXUHVWSODFH
,ZLOOEHWKHUH$WWKLVPRPHQW0DGDPHGH9LOOHIRUW
DSSURDFKHG7KDQNVP\GHDUIULHQGVDLG0DGDPH'DQJODUV
WU\LQJWRVPLOHLWLVRYHUQRZDQG,DPPXFKEHWWHU

&KDSWHU
7KH%HJJDU
7KHHYHQLQJSDVVHGRQ0DGDPHGH9LOOHIRUWH[SUHVVHGD
GHVLUHWRUHWXUQWR3DULVZKLFK0DGDPH'DQJODUVKDGQRW
GDUHGWRGRQRWZLWKVWDQGLQJWKHXQHDVLQHVVVKHH[SHULHQFHG
2QKLVZLIH
VUHTXHVW0GH9LOOHIRUWZDVWKHILUVWWRJLYH
WKHVLJQDORIGHSDUWXUH+HRIIHUHGDVHDWLQKLVODQGDXWR
0DGDPH'DQJODUVWKDWVKHPLJKWEHXQGHUWKHFDUHRIKLV
ZLIH$VIRU0'DQJODUVDEVRUEHGLQDQLQWHUHVWLQJ
FRQYHUVDWLRQZLWK0&DYDOFDQWLKHSDLGQRDWWHQWLRQWR
DQ\WKLQJWKDWZDVSDVVLQJ:KLOH0RQWH&ULVWRKDGEHJJHGWKH
VPHOOLQJERWWOHRI0DGDPHGH9LOOHIRUWKHKDGQRWLFHGWKH
DSSURDFKRI9LOOHIRUWWR0DGDPH'DQJODUVDQGKHVRRQ
JXHVVHGDOOWKDWKDGSDVVHGEHWZHHQWKHPWKRXJKWKHZRUGV
KDGEHHQXWWHUHGLQVRORZDYRLFHDVKDUGO\WREHKHDUGE\
0DGDPH'DQJODUV:LWKRXWRSSRVLQJWKHLUDUUDQJHPHQWVKH
DOORZHG0RUUHO&KDWHDX5HQDXGDQG'HEUD\WROHDYHRQ
KRUVHEDFNDQGWKHODGLHVLQ0GH9LOOHIRUW
VFDUULDJH
'DQJODUVPRUHDQGPRUHGHOLJKWHGZLWK0DMRU&DYDOFDQWLKDG
RIIHUHGKLPDVHDWLQKLVFDUULDJH$QGUHD&DYDOFDQWLIRXQG
KLVWLOEXU\ZDLWLQJDWWKHGRRUWKHJURRPLQHYHU\UHVSHFW

811

DFDULFDWXUHRIWKH(QJOLVKIDVKLRQZDVVWDQGLQJRQWLSWRH
WRKROGDODUJHLURQJUD\KRUVH
$QGUHDKDGVSRNHQYHU\OLWWOHGXULQJGLQQHUKHZDVDQ
LQWHOOLJHQWODGDQGKHIHDUHGWRXWWHUVRPHDEVXUGLW\
EHIRUHVRPDQ\JUDQGSHRSOHDPRQJVWZKRPZLWKGLODWLQJ
H\HVKHVDZWKHNLQJ
VDWWRUQH\7KHQKHKDGEHHQVHL]HG
XSRQE\'DQJODUVZKRZLWKDUDSLGJODQFHDWWKH
VWLIIQHFNHGROGPDMRUDQGKLVPRGHVWVRQDQGWDNLQJLQWR
FRQVLGHUDWLRQWKHKRVSLWDOLW\RIWKHFRXQWPDGHXSKLVPLQG
WKDWKHZDVLQWKHVRFLHW\RIVRPHQDEREFRPHWR3DULVWR
ILQLVKWKHZRUOGO\HGXFDWLRQRIKLVKHLU+HFRQWHPSODWHG
ZLWKXQVSHDNDEOHGHOLJKWWKHODUJHGLDPRQGZKLFKVKRQHRQ
WKHPDMRU
VOLWWOHILQJHUIRUWKHPDMRUOLNHDSUXGHQW
PDQLQFDVHRIDQ\DFFLGHQWKDSSHQLQJWRKLVEDQNQRWHV
KDGLPPHGLDWHO\FRQYHUWHGWKHPLQWRDQDYDLODEOHDVVHW
7KHQDIWHUGLQQHURQWKHSUHWH[WRIEXVLQHVVKH
TXHVWLRQHGWKHIDWKHUDQGVRQXSRQWKHLUPRGHRIOLYLQJDQG
WKHIDWKHUDQGVRQSUHYLRXVO\LQIRUPHGWKDWLWZDVWKURXJK
'DQJODUVWKHRQHZDVWRUHFHLYHKLVIUDQFVDQGWKH
RWKHUOLYUHVDQQXDOO\ZHUHVRIXOORIDIIDELOLW\
WKDWWKH\ZRXOGKDYHVKDNHQKDQGVHYHQZLWKWKHEDQNHU
V
VHUYDQWVVRPXFKGLGWKHLUJUDWLWXGHQHHGDQREMHFWWR
H[SHQGLWVHOIXSRQ2QHWKLQJDERYHDOOWKHUHVWKHLJKWHQHG
WKHUHVSHFWQD\DOPRVWWKHYHQHUDWLRQRI'DQJODUVIRU
&DYDOFDQWL7KHODWWHUIDLWKIXOWRWKHSULQFLSOHRI+RUDFH
QLODGPLUDULKDGFRQWHQWHGKLPVHOIZLWKVKRZLQJKLV
NQRZOHGJHE\GHFODULQJLQZKDWODNHWKHEHVWODPSUH\VZHUH
FDXJKW7KHQKHKDGHDWHQVRPHZLWKRXWVD\LQJDZRUGPRUH
'DQJODUVWKHUHIRUHFRQFOXGHGWKDWVXFKOX[XULHVZHUH
FRPPRQDWWKHWDEOHRIWKHLOOXVWULRXVGHVFHQGDQWRIWKH
&DYDOFDQWLZKRPRVWOLNHO\LQ/XFFDIHGXSRQWURXWEURXJKW
IURP6ZLW]HUODQGDQGOREVWHUVVHQWIURP(QJODQGE\WKH
VDPHPHDQVXVHGE\WKHFRXQWWREULQJWKHODPSUH\VIURP/DNH
)XVDURDQGWKHVWHUOHWIURPWKH9ROJD7KXVLWZDVZLWK
PXFKSROLWHQHVVRIPDQQHUWKDWKHKHDUG&DYDOFDQWLSURQRXQFH
WKHVHZRUGV7RPRUURZVLU,VKDOOKDYHWKHKRQRURI
ZDLWLQJXSRQ\RXRQEXVLQHVV
$QG,VLUVDLG'DQJODUVVKDOOEHPRVWKDSS\WRUHFHLYH
\RX8SRQZKLFKKHRIIHUHGWRWDNH&DYDOFDQWLLQKLV
FDUULDJHWRWKH+RWHOGHV3ULQFHVLILWZRXOGQRWEH
GHSULYLQJKLPRIWKHFRPSDQ\RIKLVVRQ7RWKLV&DYDOFDQWL
UHSOLHGE\VD\LQJWKDWIRUVRPHWLPHSDVWKLVVRQKDGOLYHG

812

LQGHSHQGHQWO\RIKLPWKDWKHKDGKLVRZQKRUVHVDQG
FDUULDJHVDQGWKDWQRWKDYLQJFRPHWRJHWKHULWZRXOGQRW
EHGLIILFXOWIRUWKHPWROHDYHVHSDUDWHO\7KHPDMRUVHDWHG
KLPVHOIWKHUHIRUHE\WKHVLGHRI'DQJODUVZKRZDVPRUH
DQGPRUHFKDUPHGZLWKWKHLGHDVRIRUGHUDQGHFRQRP\ZKLFK
UXOHGWKLVPDQDQG\HWZKREHLQJDEOHWRDOORZKLVVRQ
IUDQFVD\HDUPLJKWEHVXSSRVHGWRSRVVHVVDIRUWXQH
RIRUOLYUHV
$VIRU$QGUHDKHEHJDQE\ZD\RIVKRZLQJRIIWRVFROGKLV
JURRPZKRLQVWHDGRIEULQJLQJWKHWLOEXU\WRWKHVWHSVRI
WKHKRXVHKDGWDNHQLWWRWKHRXWHUGRRUWKXVJLYLQJKLP
WKHWURXEOHRIZDONLQJWKLUW\VWHSVWRUHDFKLW7KHJURRP
KHDUGKLPZLWKKXPLOLW\WRRNWKHELWRIWKHLPSDWLHQW
DQLPDOZLWKKLVOHIWKDQGDQGZLWKWKHULJKWKHOGRXWWKH
UHLQVWR$QGUHDZKRWDNLQJWKHPIURPKLPUHVWHGKLV
SROLVKHGERRWOLJKWO\RQWKHVWHS$WWKDWPRPHQWDKDQG
WRXFKHGKLVVKRXOGHU7KH\RXQJPDQWXUQHGURXQGWKLQNLQJ
WKDW'DQJODUVRU0RQWH&ULVWRKDGIRUJRWWHQVRPHWKLQJWKH\
ZLVKHGWRWHOOKLPDQGKDGUHWXUQHGMXVWDVWKH\ZHUH
VWDUWLQJ%XWLQVWHDGRIHLWKHURIWKHVHKHVDZQRWKLQJEXW
DVWUDQJHIDFHVXQEXUQWDQGHQFLUFOHGE\DEHDUGZLWK
H\HVEULOOLDQWDVFDUEXQFOHVDQGDVPLOHXSRQWKHPRXWK
ZKLFKGLVSOD\HGDSHUIHFWVHWRIZKLWHWHHWKSRLQWHGDQG
VKDUSDVWKHZROI
VRUMDFNDO
V$UHGKDQGNHUFKLHI
HQFLUFOHGKLVJUD\KHDGWRUQDQGILOWK\JDUPHQWVFRYHUHG
KLVODUJHERQ\OLPEVZKLFKVHHPHGDVWKRXJKOLNHWKRVHRI
DVNHOHWRQWKH\ZRXOGUDWWOHDVKHZDONHGDQGWKHKDQG
ZLWKZKLFKKHOHDQHGXSRQWKH\RXQJPDQ
VVKRXOGHUDQG
ZKLFKZDVWKHILUVWWKLQJ$QGUHDVDZVHHPHGRIJLJDQWLF
VL]H'LGWKH\RXQJPDQUHFRJQL]HWKDWIDFHE\WKHOLJKWRI
WKHODQWHUQLQKLVWLOEXU\RUZDVKHPHUHO\VWUXFNZLWKWKH
KRUULEOHDSSHDUDQFHRIKLVLQWHUURJDWRU":HFDQQRWVD\EXW
RQO\UHODWHWKHIDFWWKDWKHVKXGGHUHGDQGVWHSSHGEDFN
VXGGHQO\:KDWGR\RXZDQWRIPH"KHDVNHG
3DUGRQPHP\IULHQGLI,GLVWXUE\RXVDLGWKHPDQZLWK
WKHUHGKDQGNHUFKLHIEXW,ZDQWWRVSHDNWR\RX
<RXKDYHQRULJKWWREHJDWQLJKWVDLGWKHJURRP
HQGHDYRULQJWRULGKLVPDVWHURIWKHWURXEOHVRPHLQWUXGHU
,DPQRWEHJJLQJP\ILQHIHOORZVDLGWKHXQNQRZQWRWKH
VHUYDQWZLWKVRLURQLFDODQH[SUHVVLRQRIWKHH\HDQGVR

813

IULJKWIXODVPLOHWKDWKHZLWKGUHZ,RQO\ZLVKWRVD\WZR
RUWKUHHZRUGVWR\RXUPDVWHUZKRJDYHPHDFRPPLVVLRQWR
H[HFXWHDERXWDIRUWQLJKWDJR
&RPHVDLG$QGUHDZLWKVXIILFLHQWQHUYHIRUKLVVHUYDQW
QRWWRSHUFHLYHKLVDJLWDWLRQZKDWGR\RXZDQW"6SHDN
TXLFNO\IULHQG
7KHPDQVDLGLQDORZYRLFH,ZLVK,ZLVK\RXWRVSDUH
PHWKHZDONEDFNWR3DULV,DPYHU\WLUHGDQGDV,KDYH
QRWHDWHQVRJRRGDGLQQHUDV\RX,FDQVFDUFHO\VWDQG
7KH\RXQJPDQVKXGGHUHGDWWKLVVWUDQJHIDPLOLDULW\7HOO
PHKHVDLGWHOOPHZKDW\RXZDQW"
:HOOWKHQ,ZDQW\RXWRWDNHPHXSLQ\RXUILQHFDUULDJH
DQGFDUU\PHEDFN$QGUHDWXUQHGSDOHEXWVDLGQRWKLQJ
<HVVDLGWKHPDQWKUXVWLQJKLVKDQGVLQWRKLVSRFNHWV
DQGORRNLQJLPSXGHQWO\DWWKH\RXWK,KDYHWDNHQWKHZKLP
LQWRP\KHDGGR\RXXQGHUVWDQG0DVWHU%HQHGHWWR"
$WWKLVQDPHQRGRXEWWKH\RXQJPDQUHIOHFWHGDOLWWOH
IRUKHZHQWWRZDUGVKLVJURRPVD\LQJ7KLVPDQLVULJKW,
GLGLQGHHGFKDUJHKLPZLWKDFRPPLVVLRQWKHUHVXOWRIZKLFK
KHPXVWWHOOPHZDONWRWKHEDUULHUWKHUHWDNHDFDEWKDW
\RXPD\QRWEHWRRODWH7KHVXUSULVHGJURRPUHWLUHG/HW
PHDWOHDVWUHDFKDVKDG\VSRWVDLG$QGUHD
2KDVIRUWKDW,
OOWDNH\RXWRDVSOHQGLGSODFHVDLG
WKHPDQZLWKWKHKDQGNHUFKLHIDQGWDNLQJWKHKRUVH
VELWKH
OHGWKHWLOEXU\ZKHUHLWZDVFHUWDLQO\LPSRVVLEOHIRUDQ\
RQHWRZLWQHVVWKHKRQRUWKDW$QGUHDFRQIHUUHGXSRQKLP
'RQ
WWKLQN,ZDQWWKHJORU\RIULGLQJLQ\RXUILQH
FDUULDJHVDLGKHRKQRLW
VRQO\EHFDXVH,DPWLUHG
DQGDOVREHFDXVH,KDYHDOLWWOHEXVLQHVVWRWDONRYHUZLWK
\RX
&RPHVWHSLQVDLGWKH\RXQJPDQ,WZDVDSLW\WKLV
VFHQHKDGQRWRFFXUUHGLQGD\OLJKWIRULWZDVFXULRXVWR
VHHWKLVUDVFDOWKURZLQJKLPVHOIKHDYLO\GRZQRQWKHFXVKLRQ
EHVLGHWKH\RXQJDQGHOHJDQWGULYHURIWKHWLOEXU\$QGUHD
GURYHSDVWWKHODVWKRXVHLQWKHYLOODJHZLWKRXWVD\LQJD
ZRUGWRKLVFRPSDQLRQZKRVPLOHGFRPSODFHQWO\DVWKRXJK

814

ZHOOSOHDVHGWRILQGKLPVHOIWUDYHOOLQJLQVRFRPIRUWDEOHD
YHKLFOH2QFHRXWRI$XWHXLO$QGUHDORRNHGDURXQGLQRUGHU
WRDVVXUHKLPVHOIWKDWKHFRXOGQHLWKHUEHVHHQQRUKHDUG
DQGWKHQVWRSSLQJWKHKRUVHDQGFURVVLQJKLVDUPVEHIRUH
WKHPDQKHDVNHG1RZWHOOPHZK\\RXFRPHWRGLVWXUE
P\WUDQTXLOOLW\"
/HWPHDVN\RXZK\\RXGHFHLYHGPH"
+RZKDYH,GHFHLYHG\RX"
C+RZ
GR\RXDVN":KHQZHSDUWHGDWWKH3RQWGX9DU\RX
WROGPH\RXZHUHJRLQJWRWUDYHOWKURXJK3LHGPRQWDQG
7XVFDQ\EXWLQVWHDGRIWKDW\RXFRPHWR3DULV
+RZGRHVWKDWDQQR\\RX"
,WGRHVQRWRQWKHFRQWUDU\,WKLQNLWZLOODQVZHUP\
SXUSRVH
6RVDLG$QGUHD\RXDUHVSHFXODWLQJXSRQPH"
:KDWILQHZRUGVKHXVHV
,ZDUQ\RX0DVWHU&DGHURXVVHWKDW\RXDUHPLVWDNHQ
:HOOZHOOGRQ
WEHDQJU\P\ER\\RXNQRZZHOOHQRXJK
ZKDWLWLVWREHXQIRUWXQDWHDQGPLVIRUWXQHVPDNHXV
MHDORXV,WKRXJKW\RXZHUHHDUQLQJDOLYLQJLQ7XVFDQ\RU
3LHGPRQWE\DFWLQJDVIDFFKLQRRUFLFHURQHDQG,SLWLHG\RX
VLQFHUHO\DV,ZRXOGDFKLOGRIP\RZQ<RXNQRZ,DOZD\V
GLGFDOO\RXP\FKLOG
&RPHFRPHZKDWWKHQ"
3DWLHQFHSDWLHQFH
,DPSDWLHQWEXWJRRQ
$OODWRQFH,VHH\RXSDVVWKURXJKWKHEDUULHUZLWKD
JURRPDWLOEXU\DQGILQHQHZFORWKHV<RXPXVWKDYH
GLVFRYHUHGDPLQHRUHOVHEHFRPHDVWRFNEURNHU
6RWKDWDV\RXFRQIHVV\RXDUHMHDORXV"

815

1R,DPSOHDVHGVRSOHDVHGWKDW,ZLVKHGWR
FRQJUDWXODWH\RXEXWDV,DPQRWTXLWHSURSHUO\GUHVVHG,
FKRVHP\RSSRUWXQLW\WKDW,PLJKWQRWFRPSURPLVH\RX
<HVDQGDILQHRSSRUWXQLW\\RXKDYHFKRVHQH[FODLPHG
$QGUHD\RXVSHDNWRPHEHIRUHP\VHUYDQW
+RZFDQ,KHOSWKDWP\ER\",VSHDNWR\RXZKHQ,FDQ
FDWFK\RX<RXKDYHDTXLFNKRUVHDOLJKWWLOEXU\\RXDUH
QDWXUDOO\DVVOLSSHU\DVDQHHOLI,KDGPLVVHG\RX
WRQLJKW,PLJKWQRWKDYHKDGDQRWKHUFKDQFH
<RXVHH,GRQRWFRQFHDOP\VHOI
<RXDUHOXFN\,ZLVK,FRXOGVD\DVPXFKIRU,GRFRQFHDO
P\VHOIDQGWKHQ,ZDVDIUDLG\RXZRXOGQRWUHFRJQL]HPH
EXW\RXGLGDGGHG&DGHURXVVHZLWKKLVXQSOHDVDQWVPLOH
,WZDVYHU\SROLWHRI\RX
&RPHVDLG$QGUHDZKDWGRZDQW"
<RXGRQRWVSHDNDIIHFWLRQDWHO\WRPH%HQHGHWWRP\ROG
IULHQGWKDWLVQRWULJKWWDNHFDUHRU,PD\EHFRPH
WURXEOHVRPH7KLVPHQDFHVPRWKHUHGWKH\RXQJPDQ
VSDVVLRQ
+HXUJHGWKHKRUVHDJDLQLQWRDWURW<RXVKRXOGQRWVSHDN
VRWRDQROGIULHQGOLNHPH&DGHURXVVHDV\RXVDLGMXVW
QRZ\RXDUHDQDWLYHRI0DUVHLOOHV,DP
'R\RXNQRZWKHQQRZZKDW\RXDUH"
1REXW,ZDVEURXJKWXSLQ&RUVLFD\RXDUHROGDQG
REVWLQDWH,DP\RXQJDQGZLOIXO%HWZHHQSHRSOHOLNHXV
WKUHDWVDUHRXWRISODFHHYHU\WKLQJVKRXOGEHDPLFDEO\
DUUDQJHG,VLWP\IDXOWLIIRUWXQHZKLFKKDVIURZQHGRQ
\RXKDVEHHQNLQGWRPH"
)RUWXQHKDVEHHQNLQGWR\RXWKHQ"<RXUWLOEXU\\RXU
JURRP\RXUFORWKHVDUHQRWWKHQKLUHG"*RRGVRPXFKWKH
EHWWHUVDLG&DGHURXVVHKLVH\HVVSDUNOLQJZLWKDYDULFH
2K\RXNQHZWKDWZHOOHQRXJKEHIRUHVSHDNLQJWRPHVDLG
$QGUHDEHFRPLQJPRUHDQGPRUHH[FLWHG,I,KDGEHHQ
ZHDULQJDKDQGNHUFKLHIOLNH\RXUVRQP\KHDGUDJVRQP\

816

EDFNDQGZRUQRXWVKRHVRQP\IHHW\RXZRXOGQRWKDYH
NQRZQPH
<RXZURQJPHP\ER\QRZ,KDYHIRXQG\RXQRWKLQJ
SUHYHQWVP\EHLQJDVZHOOGUHVVHGDVDQ\RQHNQRZLQJDV,
GRWKHJRRGQHVVRI\RXUKHDUW,I\RXKDYHWZRFRDWV\RX
ZLOOJLYHPHRQHRIWKHP,XVHGWRGLYLGHP\VRXSDQGEHDQV
ZLWK\RXZKHQ\RXZHUHKXQJU\
7UXHVDLG$QGUHD
:KDWDQDSSHWLWH\RXXVHGWRKDYH,VLWDVJRRGQRZ"
2K\HVUHSOLHG$QGUHDODXJKLQJ
+RZGLG\RXFRPHWREHGLQLQJZLWKWKDWSULQFHZKRVHKRXVH
\RXKDYHMXVWOHIW"
+HLVQRWDSULQFHVLPSO\DFRXQW
$FRXQWDQGDULFKRQHWRRHK"
<HVEXW\RXKDGEHWWHUQRWKDYHDQ\WKLQJWRVD\WRKLP
IRUKHLVQRWDYHU\JRRGWHPSHUHGJHQWOHPDQ
2KEHHDV\,KDYHQRGHVLJQXSRQ\RXUFRXQWDQG\RX
VKDOOKDYHKLPDOOWR\RXUVHOI%XWVDLG&DGHURXVVHDJDLQ
VPLOLQJZLWKWKHGLVDJUHHDEOHH[SUHVVLRQKHKDGEHIRUH
DVVXPHG\RXPXVWSD\IRULW\RXXQGHUVWDQG"
:HOOZKDWGR\RXZDQW"
,WKLQNWKDWZLWKDKXQGUHGIUDQFVDPRQWK
:HOO"
,FRXOGOLYH
8SRQDKXQGUHGIUDQFV
&RPH\RXXQGHUVWDQGPHEXWWKDWZLWK
:LWK"

817

:LWKDKXQGUHGDQGILIW\IUDQFV,VKRXOGEHTXLWHKDSS\
+HUHDUHWZRKXQGUHGVDLG$QGUHDDQGKHSODFHGWHQJROG
ORXLVLQWKHKDQGRI&DGHURXVVH
*RRGVDLG&DGHURXVVH
$SSO\WRWKHVWHZDUGRQWKHILUVWGD\RIHYHU\PRXWKDQG
\RXZLOOUHFHLYHWKHVDPHVXP
7KHUHQRZDJDLQ\RXGHJUDGHPH
+RZVR"
%\PDNLQJPHDSSO\WRWKHVHUYDQWVZKHQ,ZDQWWRWUDQVDFW
EXVLQHVVZLWK\RXDORQH
:HOOEHLWVRWKHQ7DNHLWIURPPHWKHQDQGVRORQJDW
OHDVWDV,UHFHLYHP\LQFRPH\RXVKDOOEHSDLG\RXUV
&RPHFRPH,DOZD\VVDLG\RXZHUHDOLQHIHOORZDQGLWLV
DEOHVVLQJZKHQJRRGIRUWXQHKDSSHQVWRVXFKDV\RX%XW
WHOOPHDOODERXWLW"
:K\GR\RXZLVKWRNQRZ"DVNHG&DYDOFDQWL
:KDW"GR\RXDJDLQGHI\PH"
1RWKHIDFWLV,KDYHIRXQGP\IDWKHU
:KDW"DUHDOIDWKHU"
<HVVRORQJDVKHSD\VPH
<RX
OOKRQRUDQGEHOLHYHKLPWKDW
VULJKW:KDWLVKLV
QDPH"
0DMRU&DYDOFDQWL
,VKHSOHDVHGZLWK\RX"
6RIDU,KDYHDSSHDUHGWRDQVZHUKLVSXUSRVH
$QGZKRIRXQGWKLVIDWKHUIRU\RX"

818

7KH&RXQWRI0RQWH&ULVWR
7KHPDQZKRVHKRXVH\RXKDYHMXVWOHIW"
<HV
,ZLVK\RXZRXOGWU\DQGILQGPHDVLWXDWLRQZLWKKLPDV
JUDQGIDWKHUVLQFHKHKROGVWKHPRQH\FKHVW
:HOO,ZLOOPHQWLRQ\RXWRKLP0HDQZKLOHZKDWDUH\RX
JRLQJWRGR"
,"
<HV\RX
,WLVYHU\NLQGRI\RXWRWURXEOH\RXUVHOIDERXWPH
6LQFH\RXLQWHUHVW\RXUVHOILQP\DIIDLUV,WKLQNLWLV
QRZP\WXUQWRDVN\RXVRPHTXHVWLRQV
$KWUXH:HOO,VKDOOUHQWDURRPLQVRPHUHVSHFWDEOH
KRXVHZHDUDGHFHQWFRDWVKDYHHYHU\GD\DQGJRDQGUHDG
WKHSDSHUVLQDFDIH7KHQLQWKHHYHQLQJ,VKDOOJRWR
WKHWKHDWUH,VKDOOORRNOLNHVRPHUHWLUHGEDNHU7KDWLV
ZKDW,ZDQW
&RPHLI\RXZLOORQO\SXWWKLVVFKHPHLQWRH[HFXWLRQDQG
EHVWHDG\QRWKLQJFRXOGEHEHWWHU
'R\RXWKLQNVR0%RVVXHW"$QG\RXZKDWZLOO\RX
EHFRPH"$SHHURI)UDQFH"
$KVDLG$QGUHDZKRNQRZV"
0DMRU&DYDOFDQWLLVDOUHDG\RQHSHUKDSVEXWWKHQ
KHUHGLWDU\UDQNLVDEROLVKHG
1RSROLWLFV&DGHURXVVH$QGQRZWKDW\RXKDYHDOO\RX
ZDQWDQGWKDWZHXQGHUVWDQGHDFKRWKHUMXPSGRZQIURPWKH
WLOEXU\DQGGLVDSSHDU
1RWDWDOOP\JRRGIULHQG

819

+RZ"1RWDWDOO"
:K\MXVWWKLQNIRUDPRPHQWZLWKWKLVUHGKDQGNHUFKLHIRQ
P\KHDGZLWKVFDUFHO\DQ\VKRHVQRSDSHUVDQGWHQJROG
QDSROHRQVLQP\SRFNHWZLWKRXWUHFNRQLQJZKDWZDVWKHUH
EHIRUHPDNLQJLQDOODERXWWZRKXQGUHGIUDQFVZK\,
VKRXOGFHUWDLQO\EHDUUHVWHGDWWKHEDUULHUV7KHQWR
MXVWLI\P\VHOI,VKRXOGVD\WKDW\RXJDYHPHWKHPRQH\
WKLVZRXOGFDXVHLQTXLULHVLWZRXOGEHIRXQGWKDW,OHIW
7RXORQZLWKRXWJLYLQJGXHQRWLFHDQG,VKRXOGWKHQEH
HVFRUWHGEDFNWRWKHVKRUHVRIWKH0HGLWHUUDQHDQ7KHQ,
VKRXOGEHFRPHVLPSO\1RDQGJRRGE\WRP\GUHDPRI
UHVHPEOLQJWKHUHWLUHGEDNHU1RQRP\ER\,SUHIHU
UHPDLQLQJKRQRUDEO\LQWKHFDSLWDO$QGUHDVFRZOHG
&HUWDLQO\DVKHKDGKLPVHOIRZQHGWKHUHSXWHGVRQRI0DMRU
&DYDOFDQWLZDVDZLOIXOIHOORZ+HGUHZXSIRUDPLQXWH
WKUHZDUDSLGJODQFHDURXQGKLPDQGWKHQKLVKDQGIHOO
LQVWDQWO\LQWRKLVSRFNHWZKHUHLWEHJDQSOD\LQJZLWKD
SLVWRO%XWPHDQZKLOH&DGHURXVVHZKRKDGQHYHUWDNHQKLV
H\HVRIIKLVFRPSDQLRQSDVVHGKLVKDQGEHKLQGKLVEDFNDQG
RSHQHGDORQJ6SDQLVKNQLIHZKLFKKHDOZD\VFDUULHGZLWK
KLPWREHUHDG\LQFDVHRIQHHG7KHWZRIULHQGVDVZH
VHHZHUHZRUWK\RIDQGXQGHUVWRRGRQHDQRWKHU$QGUHD
V
KDQGOHIWKLVSRFNHWLQRIIHQVLYHO\DQGZDVFDUULHGXSWR
WKHUHGPXVWDFKHZKLFKLWSOD\HGZLWKIRUVRPHWLPH*RRG
&DGHURXVVHKHVDLGKRZKDSS\\RXZLOOEH
,ZLOOGRP\EHVWVDLGWKHLQQNHHSHURIWKH3RQWGX
*DUGVKXWWLQJXSKLVNQLIH
:HOOWKHQZHZLOOJRLQWR3DULV%XWKRZZLOO\RXSDVV
WKURXJKWKHEDUULHUZLWKRXWH[FLWLQJVXVSLFLRQ",WVHHPVWR
PHWKDW\RXDUHLQPRUHGDQJHUULGLQJWKDQRQIRRW
:DLWVDLG&DGHURXVVHZHVKDOOVHH+HWKHQWRRNWKH
JUHDWFRDWZLWKWKHODUJHFROODUZKLFKWKHJURRPKDGOHIW
EHKLQGLQWKHWLOEXU\DQGSXWLWRQKLVEDFNWKHQKHWRRN
RII&DYDOFDQWL
VKDWZKLFKKHSODFHGXSRQKLVRZQKHDGDQG
ILQDOO\KHDVVXPHGWKHFDUHOHVVDWWLWXGHRIDVHUYDQWZKRVH
PDVWHUGULYHVKLPVHOI
%XWWHOOPHVDLG$QGUHDDP,WRUHPDLQEDUHKHDGHG"

820

3RRKVDLG&DGHURXVVHLWLVVRZLQG\WKDW\RXUKDWFDQ
HDVLO\DSSHDUWRKDYHEORZQRII
&RPHFRPHHQRXJKRIWKLVVDLG&DYDOFDQWL
:KDWDUH\RXZDLWLQJIRU"VDLG&DGHURXVVH,KRSH,DP
QRWWKHFDXVH
+XVKVDLG$QGUHD7KH\SDVVHGWKHEDUULHUZLWKRXW
DFFLGHQW$WWKHILUVWFURVVVWUHHW$QGUHDVWRSSHGKLV
KRUVHDQG&DGHURXVVHOHDSHGRXW
:HOOVDLG$QGUHDP\VHUYDQW
VFRDWDQGP\KDW"
$KVDLG&DGHURXVVH\RXZRXOGQRWOLNHPHWRULVNWDNLQJ
FROG"
%XWZKDWDP,WRGR"
<RX"2K\RXDUH\RXQJZKLOH,DPEHJLQQLQJWRJHWROG$X
UHYRLU%HQHGHWWRDQGUXQQLQJLQWRDFRXUWKH
GLVDSSHDUHG$ODVVDLG$QGUHDVLJKLQJRQHFDQQRWEH
FRPSOHWHO\KDSS\LQWKLVZRUOG

&KDSWHU
$&RQMXJDO6FHQH
$WWKH3ODFH/RXLV;9WKHWKUHH\RXQJSHRSOHVHSDUDWHG
WKDWLVWRVD\0RUUHOZHQWWRWKH%RXOHYDUGV
&KDWHDX5HQDXGWRWKH3RQWGHOD5HYROXWLRQDQG'HEUD\WR
WKH4XDL0RVWSUREDEO\0RUUHODQG&KDWHDX5HQDXGUHWXUQHG
WRWKHLUGRPHVWLFKHDUWKVDVWKH\VD\LQWKHJDOOHU\RI
WKH&KDPEHULQZHOOWXUQHGVSHHFKHVDQGLQWKHWKHDWUHRI
WKH5XH5LFKHOLHXLQZHOOZULWWHQSLHFHVEXWLWZDVQRWWKH
FDVHZLWK'HEUD\:KHQKHUHDFKHGWKHZLFNHWRIWKH/RXYUH
KHWXUQHGWRWKHOHIWJDOORSHGDFURVVWKH&DUURXVHOSDVVHG
WKURXJKWKH5XH6DLQW5RFKDQGLVVXLQJIURPWKH5XHGHOD
0LFKRGLHUHKHDUULYHGDW0'DQJODUV
GRRUMXVWDWWKHVDPH
WLPHWKDW9LOOHIRUW
VODQGDXDIWHUKDYLQJGHSRVLWHGKLPDQG
KLVZLIHDWWKH)DXERXUJ6W+RQRUHVWRSSHGWROHDYHWKH
EDURQHVVDWKHURZQKRXVH'HEUD\ZLWKWKHDLURIDPDQ
IDPLOLDUZLWKWKHKRXVHHQWHUHGILUVWLQWRWKHFRXUWWKUHZ

821

KLVEULGOHLQWRWKHKDQGVRIDIRRWPDQDQGUHWXUQHGWRWKH
GRRUWRUHFHLYH0DGDPH'DQJODUVWRZKRPKHRIIHUHGKLVDUP
WRFRQGXFWKHUWRKHUDSDUWPHQWV7KHJDWHRQFHFORVHGDQG
'HEUD\DQGWKHEDURQHVVDORQHLQWKHFRXUWKHDVNHG
:KDWZDVWKHPDWWHUZLWK\RX+HUPLQH"DQGZK\ZHUH\RXVR
DIIHFWHGDWWKDWVWRU\RUUDWKHUIDEOHZKLFKWKHFRXQW
UHODWHG"
%HFDXVH,KDYHEHHQLQVXFKVKRFNLQJVSLULWVDOOWKH
HYHQLQJP\IULHQGVDLGWKHEDURQHVV
1R+HUPLQHUHSOLHG'HEUD\\RXFDQQRWPDNHPHEHOLHYH
WKDWRQWKHFRQWUDU\\RXZHUHLQH[FHOOHQWVSLULWVZKHQ
\RXDUULYHGDWWKHFRXQW
V0'DQJODUVZDVGLVDJUHHDEOH
FHUWDLQO\EXW,NQRZKRZPXFK\RXFDUHIRUKLVLOOKXPRU
6RPHRQHKDVYH[HG\RX,ZLOODOORZQRRQHWRDQQR\\RX
<RXDUHGHFHLYHG/XFLHQ,DVVXUH\RXUHSOLHG0DGDPH
'DQJODUVDQGZKDW,KDYHWROG\RXLVUHDOO\WKHFDVH
DGGHGWRWKHLOOKXPRU\RXUHPDUNHGEXWZKLFK,GLGQRW
WKLQNLWZRUWKZKLOHWRDOOXGHWR,WZDVHYLGHQWWKDW
0DGDPH'DQJODUVZDVVXIIHULQJIURPWKDWQHUYRXVLUULWDELOLW\
ZKLFKZRPHQIUHTXHQWO\FDQQRWDFFRXQWIRUHYHQWR
WKHPVHOYHVRUWKDWDV'HEUD\KDGJXHVVHGVKHKDG
H[SHULHQFHGVRPHVHFUHWDJLWDWLRQWKDWVKHZRXOGQRW
DFNQRZOHGJHWRDQ\RQH%HLQJDPDQZKRNQHZWKDWWKHIRUPHU
RIWKHVHV\PSWRPVZDVRQHRIWKHLQKHUHQWSHQDOWLHVRI
ZRPDQKRRGKHGLGQRWWKHQSUHVVKLVLQTXLULHVEXWZDLWHG
IRUDPRUHDSSURSULDWHRSSRUWXQLW\ZKHQKHVKRXOGDJDLQ
LQWHUURJDWHKHURUUHFHLYHDQDYRZDOSURSULRPRWX$WWKH
GRRURIKHUDSDUWPHQWWKHEDURQHVVPHW0DGHPRLVHOOH
&RUQHOLHKHUFRQILGHQWLDOPDLG:KDWLVP\GDXJKWHU
GRLQJ"DVNHG0DGDPH'DQJODUV
6KHSUDFWLFHGDOOWKHHYHQLQJDQGWKHQZHQWWREHG
UHSOLHG0DGHPRLVHOOH&RUQHOLH
<HW,WKLQN,KHDUKHUSLDQR
,WLV0DGHPRLVHOOH/RXLVHG
$UPLOO\ZKRLVSOD\LQJZKLOH
0DGHPRLVHOOH'DQJODUVLVLQEHG
:HOOVDLG0DGDPH'DQJODUVFRPHDQGXQGUHVVPH7KH\
HQWHUHGWKHEHGURRP'HEUD\VWUHWFKHGKLPVHOIXSRQDODUJH

822

FRXFKDQG0DGDPH'DQJODUVSDVVHGLQWRKHUGUHVVLQJURRP
ZLWK0DGHPRLVHOOH&RUQHOLH0\GHDU0/XFLHQVDLG0DGDPH
'DQJODUVWKURXJKWKHGRRU\RXDUHDOZD\VFRPSODLQLQJWKDW
(XJHQLHZLOOQRWDGGUHVVDZRUGWR\RX
0DGDPHVDLG/XFLHQSOD\LQJZLWKDOLWWOHGRJZKR
UHFRJQL]LQJKLPDVDIULHQGRIWKHKRXVHH[SHFWHGWREH
FDUHVVHG,DPQRWWKHRQO\RQHZKRPDNHVVLPLODU
FRPSODLQWV,WKLQN,KHDUG0RUFHUIVD\WKDWKHFRXOGQRW
H[WUDFWDZRUGIURPKLVEHWURWKHG
7UXHVDLG0DGDPH'DQJODUV\HW,WKLQNWKLVZLOODOO
SDVVRIIDQGWKDW\RXZLOORQHGD\VHHKHUHQWHU\RXU
VWXG\
0\VWXG\"
$WOHDVWWKDWRIWKHPLQLVWHU
:K\VR
7RDVNIRUDQHQJDJHPHQWDWWKH2SHUD5HDOO\,QHYHUVDZ
VXFKDQLQIDWXDWLRQIRUPXVLFLWLVTXLWHULGLFXORXVIRUD
\RXQJODG\RIIDVKLRQ'HEUD\VPLOHG:HOOVDLGKHOHW
KHUFRPHZLWK\RXUFRQVHQWDQGWKDWRIWKHEDURQDQGZH
ZLOOWU\DQGJLYHKHUDQHQJDJHPHQWWKRXJKZHDUHYHU\SRRU
WRSD\VXFKWDOHQWDVKHUV
*R&RUQHOLHVDLG0DGDPH'DQJODUV,GRQRWUHTXLUH\RX
DQ\ORQJHU
&RUQHOLHREH\HGDQGWKHQH[WPLQXWH0DGDPH'DQJODUVOHIW
KHUURRPLQDFKDUPLQJORRVHGUHVVDQGFDPHDQGVDWGRZQ
FORVHWR'HEUD\7KHQVKHEHJDQWKRXJKWIXOO\WRFDUHVVWKH
OLWWOHVSDQLHO/XFLHQORRNHGDWKHUIRUDPRPHQWLQ
VLOHQFH&RPH+HUPLQHKHVDLGDIWHUDVKRUWWLPH
DQVZHUFDQGLGO\VRPHWKLQJYH[HV\RXLVLWQRWVR"
1RWKLQJDQVZHUHGWKHEDURQHVV
$QG\HWDVVKHFRXOGVFDUFHO\EUHDWKHVKHURVHDQGZHQW
WRZDUGVDORRNLQJJODVV,DPIULJKWIXOWRQLJKWVKH
VDLG'HEUD\URVHVPLOLQJDQGZDVDERXWWRFRQWUDGLFWWKH
EDURQHVVXSRQWKLVODWWHUSRLQWZKHQWKHGRRURSHQHG

823

VXGGHQO\0'DQJODUVDSSHDUHG'HEUD\UHVHDWHGKLPVHOI$W
WKHQRLVHRIWKHGRRU0DGDPH'DQJODUVWXUQHGURXQGDQG
ORRNHGXSRQKHUKXVEDQGZLWKDQDVWRQLVKPHQWVKHWRRNQR
WURXEOHWRFRQFHDO*RRGHYHQLQJPDGDPHVDLGWKHEDQNHU
JRRGHYHQLQJ0'HEUD\
3UREDEO\WKHEDURQHVVWKRXJKWWKLVXQH[SHFWHGYLVLW
VLJQLILHGDGHVLUHWRPDNHXSIRUWKHVKDUSZRUGVKHKDG
XWWHUHGGXULQJWKHGD\$VVXPLQJDGLJQLILHGDLUVKHWXUQHG
URXQGWR'HEUD\ZLWKRXWDQVZHULQJKHUKXVEDQG5HDGPH
VRPHWKLQJ0'HEUD\VKHVDLG'HEUD\ZKRZDVVOLJKWO\
GLVWXUEHGDWWKLVYLVLWUHFRYHUHGKLPVHOIZKHQKHVDZWKH
FDOPQHVVRIWKHEDURQHVVDQGWRRNXSDERRNPDUNHGE\D
PRWKHURISHDUONQLIHLQODLGZLWKJROG([FXVHPHVDLG
WKHEDQNHUEXW\RXZLOOWLUH\RXUVHOIEDURQHVVE\VXFK
ODWHKRXUVDQG0'HEUD\OLYHVVRPHGLVWDQFHIURPKHUH
'HEUD\ZDVSHWULILHGQRWRQO\WRKHDU'DQJODUVVSHDNVR
FDOPO\DQGSROLWHO\EXWEHFDXVHLWZDVDSSDUHQWWKDW
EHQHDWKRXWZDUGSROLWHQHVVWKHUHUHDOO\OXUNHGDGHWHUPLQHG
VSLULWRIRSSRVLWLRQWRDQ\WKLQJKLVZLIHPLJKWZLVKWRGR
7KHEDURQHVVZDVDOVRVXUSULVHGDQGVKRZHGKHUDVWRQLVKPHQW
E\DORRNZKLFKZRXOGGRXEWOHVVKDYHKDGVRPHHIIHFWXSRQ
KHUKXVEDQGLIKHKDGQRWEHHQLQWHQWO\RFFXSLHGZLWKWKH
SDSHUZKHUHKHZDVORRNLQJWRVHHWKHFORVLQJVWRFN
TXRWDWLRQV7KHUHVXOWZDVWKDWWKHSURXGORRNHQWLUHO\
IDLOHGRILWVSXUSRVH
0/XFLHQVDLGWKHEDURQHVV,DVVXUH\RX,KDYHQR
GHVLUHWRVOHHSDQGWKDW,KDYHDWKRXVDQGWKLQJVWRWHOO
\RXWKLVHYHQLQJZKLFK\RXPXVWOLVWHQWRHYHQWKRXJK\RX
VOHSWZKLOHKHDULQJPH
,DPDW\RXUVHUYLFHPDGDPHUHSOLHG/XFLHQFROGO\
0\GHDU0'HEUD\VDLGWKHEDQNHUGRQRWNLOO\RXUVHOI
WRQLJKWOLVWHQLQJWRWKHIROOLHVRI0DGDPH'DQJODUVIRU
\RXFDQKHDUWKHPDVZHOOWRPRUURZEXW,FODLPWRQLJKW
DQGZLOOGHYRWHLWLI\RXZLOODOORZPHWRWDONRYHUVRPH
VHULRXVPDWWHUVZLWKP\ZLIH7KLVWLPHWKHEORZZDVVR
ZHOODLPHGDQGKLWVRGLUHFWO\WKDW/XFLHQDQGWKH
EDURQHVVZHUHVWDJJHUHGDQGWKH\LQWHUURJDWHGHDFKRWKHU
ZLWKWKHLUH\HVDVLIWRVHHNKHOSDJDLQVWWKLVDJJUHVVLRQ
EXWWKHLUUHVLVWLEOHZLOORIWKHPDVWHURIWKHKRXVH

824

SUHYDLOHGDQGWKHKXVEDQGZDVYLFWRULRXV
'RQRWWKLQN,ZLVKWRWXUQ\RXRXWP\GHDU'HEUD\
FRQWLQXHG'DQJODUVRKQRQRWDWDOO$QXQH[SHFWHG
RFFXUUHQFHIRUFHVPHWRDVNP\ZLIHWRKDYHDOLWWOH
FRQYHUVDWLRQZLWKPHLWLVVRUDUHO\,PDNHVXFKDUHTXHVW
,DPVXUH\RXFDQQRWJUXGJHLWWRPH'HEUD\PXWWHUHG
VRPHWKLQJERZHGDQGZHQWRXWNQRFNLQJKLPVHOIDJDLQVWWKH
HGJHRIWKHGRRUOLNH1DWKDQLQ$WKDOLH
,WLVH[WUDRUGLQDU\KHVDLGZKHQWKHGRRUZDVFORVHG
EHKLQGKLPKRZHDVLO\WKHVHKXVEDQGVZKRPZHULGLFXOH
JDLQDQDGYDQWDJHRYHUXV
/XFLHQKDYLQJOHIW'DQJODUVWRRNKLVSODFHRQWKHVRID
FORVHGWKHRSHQERRNDQGSODFLQJKLPVHOILQDGUHDGIXOO\
GLFWDWRULDODWWLWXGHKHEHJDQSOD\LQJZLWKWKHGRJEXWWKH
DQLPDOQRWOLNLQJKLPDVZHOODV'HEUD\DQGDWWHPSWLQJWR
ELWHKLP'DQJODUVVHL]HGKLPE\WKHVNLQRIKLVQHFNDQG
WKUHZKLPXSRQDFRXFKRQWKHRWKHUVLGHRIWKHURRP7KH
DQLPDOXWWHUHGDFU\GXULQJWKHWUDQVLWEXWDUULYHGDWLWV
GHVWLQDWLRQLWFURXFKHGEHKLQGWKHFXVKLRQVDQGVWXSHILHG
DWVXFKXQXVXDOWUHDWPHQWUHPDLQHGVLOHQWDQGPRWLRQOHVV
'R\RXNQRZVLUDVNHGWKHEDURQHVVWKDW\RXDUH
LPSURYLQJ"*HQHUDOO\\RXDUHRQO\UXGHEXWWRQLJKW\RXDUH
EUXWDO
,WLVEHFDXVH,DPLQDZRUVHKXPRUWKDQXVXDOUHSOLHG
'DQJODUV+HUPLQHORRNHGDWWKHEDQNHUZLWKVXSUHPHGLVGDLQ
7KHVHJODQFHVIUHTXHQWO\H[DVSHUDWHGWKHSULGHRI'DQJODUV
EXWWKLVHYHQLQJKHWRRNQRQRWLFHRIWKHP
$QGZKDWKDYH,WRGRZLWK\RXULOOKXPRU"VDLGWKH
EDURQHVVLUULWDWHGDWWKHLPSDVVLELOLW\RIKHUKXVEDQGGR
WKHVHWKLQJVFRQFHUQPH".HHS\RXULOOKXPRUDWKRPHLQ\RXU
PRQH\ER[HVRUVLQFH\RXKDYHFOHUNVZKRP\RXSD\YHQWLW
XSRQWKHP
1RWVRUHSOLHG'DQJODUV\RXUDGYLFHLVZURQJVR,
VKDOOQRWIROORZLW0\PRQH\ER[HVDUHP\3DFWROXVDV,
WKLQN0'HPRXVWLHUVD\VDQG,ZLOOQRWUHWDUGLWVFRXUVH
RUGLVWXUELWVFDOP0\FOHUNVDUHKRQHVWPHQZKRHDUQP\
IRUWXQHZKRP,SD\PXFKEHORZWKHLUGHVHUWVLI,PD\YDOXH
WKHPDFFRUGLQJWRZKDWWKH\EULQJLQWKHUHIRUH,VKDOOQRW

825

JHWLQWRDSDVVLRQZLWKWKHPWKRVHZLWKZKRP,ZLOOEHLQD
SDVVLRQDUHWKRVHZKRHDWP\GLQQHUVPRXQWP\KRUVHVDQG
H[KDXVWP\IRUWXQH
$QGSUD\ZKRDUHWKHSHUVRQVZKRH[KDXVW\RXUIRUWXQH"
([SODLQ\RXUVHOIPRUHFOHDUO\,EHJVLU
2KPDNH\RXUVHOIHDV\,DPQRWVSHDNLQJULGGOHVDQG
\RXZLOOVRRQNQRZZKDW,PHDQ7KHSHRSOHZKRH[KDXVWP\
IRUWXQHDUHWKRVHZKRGUDZRXWIUDQFVLQWKHFRXUVH
RIDQKRXU
,GRQRWXQGHUVWDQG\RXVLUVDLGWKHEDURQHVVWU\LQJWR
GLVJXLVHWKHDJLWDWLRQRIKHUYRLFHDQGWKHIOXVKRIKHU
IDFH<RXXQGHUVWDQGPHSHUIHFWO\RQWKHFRQWUDU\VDLG
'DQJODUVEXWLI\RXZLOOSHUVLVW,ZLOOWHOO\RXWKDW,
KDYHMXVWORVWIUDQFVXSRQWKH6SDQLVKORDQ
$QGSUD\DVNHGWKHEDURQHVVDP,UHVSRQVLEOHIRUWKLV
ORVV"
:K\QRW"
,VLWP\IDXOW\RXKDYHORVWIUDQFV"
&HUWDLQO\LWLVQRWPLQH
2QFHIRUDOOVLUUHSOLHGWKHEDURQHVVVKDUSO\,WHOO
\RX,ZLOOQRWKHDUFDVKQDPHGLWLVDVW\OHRIODQJXDJH,
QHYHUKHDUGLQWKHKRXVHRIP\SDUHQWVRULQWKDWRIP\
ILUVWKXVEDQG
2K,FDQZHOOEHOLHYHWKDWIRUQHLWKHURIWKHPZDVZRUWK
DSHQQ\
7KHEHWWHUUHDVRQIRUP\QRWEHLQJFRQYHUVDQWZLWKWKH
VODQJRIWKHEDQNZKLFKLVKHUHGLQQLQJLQP\HDUVIURP
PRUQLQJWRQLJKWWKDWQRLVHRIMLQJOLQJFURZQVZKLFKDUH
FRQVWDQWO\EHLQJFRXQWHGDQGUHFRXQWHGLVRGLRXVWRPH,
RQO\NQRZRQHWKLQJ,GLVOLNHPRUHZKLFKLVWKHVRXQGRI
\RXUYRLFH
5HDOO\"VDLG'DQJODUV:HOOWKLVVXUSULVHVPHIRU,
WKRXJKW\RXWRRNWKHOLYHOLHVWLQWHUHVWLQDOOP\DIIDLUV

826

,":KDWFRXOGSXWVXFKDQLGHDLQWR\RXUKHDG"
<RXUVHOI
$K"ZKDWQH[W"
0RVWDVVXUHGO\
,VKRXOGOLNHWRNQRZXSRQZKDWRFFDVLRQ"
2KPRQ'LHXWKDWLVYHU\HDVLO\GRQH/DVW)HEUXDU\\RX
ZHUHWKHILUVWZKRWROGPHRIWKH+DLWLDQIXQGV<RXKDG
GUHDPHGWKDWDVKLSKDGHQWHUHGWKHKDUERUDW+DYUHWKDW
WKLVVKLSEURXJKWQHZVWKDWDSD\PHQWZHKDGORRNHGXSRQDV
ORVWZDVJRLQJWREHPDGH,NQRZKRZFOHDUVLJKWHG\RXU
GUHDPVDUH,WKHUHIRUHSXUFKDVHGLPPHGLDWHO\DVPDQ\VKDUHV
DV,FRXOGRIWKH+DLWLDQGHEWDQG,JDLQHGIUDQFV
E\LWRIZKLFKKDYHEHHQKRQHVWO\SDLGWR\RX<RX
VSHQWLWDV\RXSOHDVHGWKDWZDV\RXUEXVLQHVV,Q0DUFK
WKHUHZDVDTXHVWLRQDERXWDJUDQWWRDUDLOZD\7KUHH
FRPSDQLHVSUHVHQWHGWKHPVHOYHVHDFKRIIHULQJHTXDO
VHFXULWLHV<RXWROGPHWKDW\RXULQVWLQFWDQGDOWKRXJK
\RXSUHWHQGWRNQRZQRWKLQJDERXWVSHFXODWLRQV,WKLQNRQ
WKHFRQWUDU\WKDW\RXUFRPSUHKHQVLRQLVYHU\FOHDUXSRQ
FHUWDLQDIIDLUVZHOO\RXWROGPHWKDW\RXULQVWLQFWOHG
\RXWREHOLHYHWKHJUDQWZRXOGEHJLYHQWRWKHFRPSDQ\
FDOOHGWKH6RXWKHUQ,ERXJKWWZRWKLUGVRIWKHVKDUHVRI
WKDWFRPSDQ\DV\RXKDGIRUHVHHQWKHVKDUHVWUHEOHGLQ
YDOXHDQG,SLFNHGXSDPLOOLRQIURPZKLFKIUDQFV
ZHUHSDLGWR\RXIRUSLQPRQH\+RZKDYH\RXVSHQWWKLV
IUDQFV"LWLVQREXVLQHVVRIPLQH
:KHQDUH\RXFRPLQJWRWKHSRLQW"FULHGWKHEDURQHVV
VKLYHULQJZLWKDQJHUDQGLPSDWLHQFH
3DWLHQFHPDGDPH,DPFRPLQJWRLW
7KDW
VIRUWXQDWH
,Q$SULO\RXZHQWWRGLQHDWWKHPLQLVWHU
V<RXKHDUGD
SULYDWHFRQYHUVDWLRQUHVSHFWLQJ6SDQLVKDIIDLUVRQWKH
H[SXOVLRQRI'RQ&DUORV,ERXJKWVRPH6SDQLVKVKDUHV7KH
H[SXOVLRQWRRNSODFHDQG,SRFNHWHGIUDQFVWKHGD\

827

&KDUOHV9UHSDVVHGWKH%LGDVVRD2IWKHVHIUDQFV
\RXWRRNFURZQV7KH\ZHUH\RXUV\RXGLVSRVHGRI
WKHPDFFRUGLQJWR\RXUIDQF\DQG,DVNHGQRTXHVWLRQVEXW
LWLVQRWWKHOHVVWUXHWKDW\RXKDYHWKLV\HDUUHFHLYHG
OLYUHV
:HOOVLUDQGZKDWWKHQ"
$K\HVLWZDVMXVWDIWHUWKLVWKDW\RXVSRLOHG
HYHU\WKLQJ
5HDOO\\RXUPDQQHURIVSHDNLQJ
,WH[SUHVVHVP\PHDQLQJDQGWKDWLVDOO,ZDQW:HOO
WKUHHGD\VDIWHUWKDW\RXWDONHGSROLWLFVZLWK0'HEUD\
DQG\RXIDQFLHGIURPKLVZRUGVWKDW'RQ&DUORVKDGUHWXUQHG
WR6SDLQ:HOO,VROGP\VKDUHVWKHQHZVJRWRXWDQG,QR
ORQJHUVROG,JDYHWKHPDZD\QH[WGD\,ILQGWKHQHZV
ZDVIDOVHDQGE\WKLVIDOVHUHSRUW,KDYHORVW
IUDQFV
:HOO"
:HOOVLQFH,JDYH\RXDIRXUWKRIP\JDLQV,WKLQN\RX
RZHPHDIRXUWKRIP\ORVVHVWKHIRXUWKRIIUDQFV
LVIUDQFV
:KDW\RXVD\LVDEVXUGDQG,FDQQRWVHHZK\0'HEUD\
V
QDPHLVPL[HGXSLQWKLVDIIDLU
%HFDXVHLI\RXGRQRWSRVVHVVWKHIUDQFV,UHFODLP
\RXPXVWKDYHOHQWWKHPWR\RXUIULHQGVDQG0'HEUD\LV
RQHRI\RXUIULHQGV
)RUVKDPHH[FODLPHGWKHEDURQHVV
2KOHWXVKDYHQRJHVWXUHVQRVFUHDPVQRPRGHUQGUDPD
RU\RXZLOOREOLJHPHWRWHOO\RXWKDW,VHH'HEUD\OHDYH
KHUHSRFNHWLQJWKHZKROHRIWKHOLYUHV\RXKDYH
KDQGHGRYHUWRKLPWKLV\HDUZKLOHKHVPLOHVWRKLPVHOI
VD\LQJWKDWKHKDVIRXQGZKDWWKHPRVWVNLOIXOSOD\HUVKDYH
QHYHUGLVFRYHUHGWKDWLVDURXOHWWHZKHUHKHZLQV
ZLWKRXWSOD\LQJDQGLVQRORVHUZKHQKHORVHV7KH
EDURQHVVEHFDPHHQUDJHG:UHWFKVKHFULHGZLOO\RXGDUH

828

WRWHOOPH\RXGLGQRWNQRZZKDW\RXQRZUHSURDFKPHZLWK"
,GRQRWVD\WKDW,GLGNQRZLWDQG,GRQRWVD\WKDW,
GLGQRWNQRZLW,PHUHO\WHOO\RXWRORRNLQWRP\FRQGXFW
GXULQJWKHODVWIRXU\HDUVWKDWZHKDYHFHDVHGWREHKXVEDQG
DQGZLIHDQGVHHZKHWKHULWKDVQRWDOZD\VEHHQFRQVLVWHQW
6RPHWLPHDIWHURXUUXSWXUH\RXZLVKHGWRVWXG\PXVLF
XQGHUWKHFHOHEUDWHGEDULWRQHZKRPDGHVXFKDVXFFHVVIXO
DSSHDUDQFHDWWKH7KHDWUH,WDOLHQDWWKHVDPHWLPH,IHOW
LQFOLQHGWROHDUQGDQFLQJRIWKHGDQVHXVHZKRDFTXLUHGVXFK
DUHSXWDWLRQLQ/RQGRQ7KLVFRVWPHRQ\RXUDFFRXQWDQG
PLQHIUDQFV,VDLGQRWKLQJIRUZHPXVWKDYHSHDFH
LQWKHKRXVHDQGIUDQFVIRUDODG\DQGJHQWOHPDQWR
EHSURSHUO\LQVWUXFWHGLQPXVLFDQGGDQFLQJDUHQRWWRR
PXFK:HOO\RXVRRQEHFRPHWLUHGRIVLQJLQJDQG\RXWDNHD
IDQF\WRVWXG\GLSORPDF\ZLWKWKHPLQLVWHU
VVHFUHWDU\<RX
XQGHUVWDQGLWVLJQLILHVQRWKLQJWRPHVRORQJDV\RXSD\
IRU\RXUOHVVRQVRXWRI\RXURZQFDVKER[%XWWRGD\,ILQG
\RXDUHGUDZLQJRQPLQHDQGWKDW\RXUDSSUHQWLFHVKLSPD\
FRVWPHIUDQFVSHUPRQWK6WRSWKHUHPDGDPHIRU
WKLVFDQQRWODVW(LWKHUWKHGLSORPDWLVWPXVWJLYHKLV
OHVVRQVJUDWLVDQG,ZLOOWROHUDWHKLPRUKHPXVWQHYHU
VHWKLVIRRWDJDLQLQP\KRXVHGR\RXXQGHUVWDQG
PDGDPH"
2KWKLVLVWRRPXFKFULHG+HUPLQHFKRNLQJ\RXDUH
ZRUVHWKDQGHVSLFDEOH
%XWFRQWLQXHG'DQJODUV,ILQG\RXGLGQRWHYHQSDXVH
WKHUH
,QVXOWV
<RXDUHULJKWOHWXVOHDYHWKHVHIDFWVDORQHDQGUHDVRQ
FRROO\,KDYHQHYHULQWHUIHUHGLQ\RXUDIIDLUVH[FHSWLQJ
IRU\RXUJRRGWUHDWPHLQWKHVDPHZD\<RXVD\\RXKDYH
QRWKLQJWRGRZLWKP\FDVKER[%HLWVR'RDV\RXOLNH
ZLWK\RXURZQEXWGRQRWILOORUHPSW\PLQH%HVLGHVKRZ
GR,NQRZWKDWWKLVZDVQRWDSROLWLFDOWULFNWKDWWKH
PLQLVWHUHQUDJHGDWVHHLQJPHLQWKHRSSRVLWLRQDQGMHDORXV
RIWKHSRSXODUV\PSDWK\,H[FLWHKDVQRWFRQFHUWHGZLWK0
'HEUD\WRUXLQPH"
$SUREDEOHWKLQJ

829

:K\QRW":KRHYHUKHDUGRIVXFKDQRFFXUUHQFHDVWKLV"D
IDOVHWHOHJUDSKLFGHVSDWFKLWLVDOPRVWLPSRVVLEOHIRU
ZURQJVLJQDOVWREHPDGHDVWKH\ZHUHLQWKHODVWWZR
WHOHJUDPV,WZDVGRQHRQSXUSRVHIRUPH,DPVXUHRI
LW
6LUVDLGWKHEDURQHVVKXPEO\DUH\RXQRWDZDUHWKDWWKH
PDQHPSOR\HGWKHUHZDVGLVPLVVHGWKDWWKH\WDONHGRIJRLQJ
WRODZZLWKKLPWKDWRUGHUVZHUHLVVXHGWRDUUHVWKLPDQG
WKDWWKLVRUGHUZRXOGKDYHEHHQSXWLQWRH[HFXWLRQLIKHKDG
QRWHVFDSHGE\IOLJKWZKLFKSURYHVWKDWKHZDVHLWKHUPDG
RUJXLOW\",WZDVDPLVWDNH
<HVZKLFKPDGHIRROVODXJKZKLFKFDXVHGWKHPLQLVWHUWR
KDYHDVOHHSOHVVQLJKWZKLFKKDVFDXVHGWKHPLQLVWHU
V
VHFUHWDULHVWREODFNHQVHYHUDOVKHHWVRISDSHUEXWZKLFK
KDVFRVWPHIUDQFV
%XWVLUVDLG+HUPLQHVXGGHQO\LIDOOWKLVLVDV\RX
VD\FDXVHGE\0'HEUD\ZK\LQVWHDGRIJRLQJGLUHFWWR
KLPGR\RXFRPHDQGWHOOPHRILW":K\WRDFFXVHWKHPDQ
GR\RXDGGUHVVWKHZRPDQ"
'R,NQRZ0'HEUD\"GR,ZLVKWRNQRZKLP"GR,ZLVK
WRNQRZWKDWKHJLYHVDGYLFH"GR,ZLVKWRIROORZLW"
GR,VSHFXODWH"1R\RXGRDOOWKLVQRW,
6WLOOLWVHHPVWRPHWKDWDV\RXSURILWE\LW
'DQJODUVVKUXJJHGKLVVKRXOGHUV)RROLVKFUHDWXUHKH
H[FODLPHG:RPHQIDQF\WKH\KDYHWDOHQWEHFDXVHWKH\KDYH
PDQDJHGWZRRUWKUHHLQWULJXHVZLWKRXWEHLQJWKHWDONRI
3DULV%XWNQRZWKDWLI\RXKDGHYHQKLGGHQ\RXU
LUUHJXODULWLHVIURP\RXUKXVEDQGZKRKDVEXWWKH
FRPPHQFHPHQWRIWKHDUWIRUJHQHUDOO\KXVEDQGVZLOOQRW
VHH\RXZRXOGWKHQKDYHEHHQEXWDIDLQWLPLWDWLRQRI
PRVWRI\RXUIULHQGVDPRQJWKHZRPHQRIWKHZRUOG%XWLW
KDVQRWEHHQVRZLWKPH,VHHDQGDOZD\VKDYHVHHQ
GXULQJWKHODVWVL[WHHQ\HDUV<RXPD\SHUKDSVKDYHKLGGHQ
DWKRXJKWEXWQRWDVWHSQRWDQDFWLRQQRWDIDXOWKDV
HVFDSHGPHZKLOH\RXIODWWHUHG\RXUVHOIXSRQ\RXUDGGUHVV
DQGILUPO\EHOLHYHG\RXKDGGHFHLYHGPH:KDWKDVEHHQWKH
UHVXOW"WKDWWKDQNVWRP\SUHWHQGHGLJQRUDQFHWKHUHLV

830

QRQHRI\RXUIULHQGVIURP0GH9LOOHIRUWWR0'HEUD\ZKR
KDVQRWWUHPEOHGEHIRUHPH7KHUHLVQRWRQHZKRKDVQRW
WUHDWHGPHDVWKHPDVWHURIWKHKRXVHWKHRQO\WLWOH,
GHVLUHZLWKUHVSHFWWR\RXWKHUHLVQRWRQHLQIDFWZKR
ZRXOGKDYHGDUHGWRVSHDNRIPHDV,KDYHVSRNHQRIWKHP
WKLVGD\,ZLOODOORZ\RXWRPDNHPHKDWHIXOEXW,ZLOO
SUHYHQW\RXUUHQGHULQJPHULGLFXORXVDQGDERYHDOO,
IRUELG\RXWRUXLQPH
7KHEDURQHVVKDGEHHQWROHUDEO\FRPSRVHGXQWLOWKHQDPHRI
9LOOHIRUWKDGEHHQSURQRXQFHGEXWWKHQVKHEHFDPHSDOH
DQGULVLQJDVLIWRXFKHGE\DVSULQJVKHVWUHWFKHGRXW
KHUKDQGVDVWKRXJKFRQMXULQJDQDSSDULWLRQVKHWKHQWRRN
WZRRUWKUHHVWHSVWRZDUGVKHUKXVEDQGDVWKRXJKWRWHDU
WKHVHFUHWIURPKLPRIZKLFKKHZDVLJQRUDQWRUZKLFKKH
ZLWKKHOGIURPVRPHRGLRXVFDOFXODWLRQRGLRXVDVDOOKLV
FDOFXODWLRQVZHUH0GH9LOOHIRUW:KDWGR\RXPHDQ"
,PHDQWKDW0GH1DUJRQQH\RXUILUVWKXVEDQGEHLQJ
QHLWKHUDSKLORVRSKHUQRUDEDQNHURUSHUKDSVEHLQJERWK
DQGVHHLQJWKHUHZDVQRWKLQJWREHJRWRXWRIDNLQJ
V
DWWRUQH\GLHGRIJULHIRUDQJHUDWILQGLQJDIWHUDQ
DEVHQFHRIQLQHPRQWKVWKDW\RXKDGEHHQHQFHLQWHVL[,DP
EUXWDO,QRWRQO\DOORZLWEXWERDVWRILWLWLVRQH
RIWKHUHDVRQVRIP\VXFFHVVLQFRPPHUFLDOEXVLQHVV:K\GLG
KHNLOOKLPVHOILQVWHDGRI\RX"%HFDXVHKHKDGQRFDVKWR
VDYH0\OLIHEHORQJVWRP\FDVK0'HEUD\KDVPDGHPHORVH
IUDQFVOHWKLPEHDUKLVVKDUHRIWKHORVVDQGZH
ZLOOJRRQDVEHIRUHLIQRWOHWKLPEHFRPHEDQNUXSWIRU
WKHOLYUHVDQGGRDVDOOEDQNUXSWVGRGLVDSSHDU
+HLVDFKDUPLQJIHOORZ,DOORZZKHQKLVQHZVLVFRUUHFW
EXWZKHQLWLVQRWWKHUHDUHILIW\RWKHUVLQWKHZRUOGZKR
ZRXOGGREHWWHUWKDQKH
0DGDPH'DQJODUVZDVURRWHGWRWKHVSRWVKHPDGHDYLROHQW
HIIRUWWRUHSO\WRWKLVODVWDWWDFNEXWVKHIHOOXSRQD
FKDLUWKLQNLQJRI9LOOHIRUWRIWKHGLQQHUVFHQHRIWKH
VWUDQJHVHULHVRIPLVIRUWXQHVZKLFKKDGWDNHQSODFHLQKHU
KRXVHGXULQJWKHODVWIHZGD\VDQGFKDQJHGWKHXVXDOFDOP
RIKHUHVWDEOLVKPHQWWRDVFHQHRIVFDQGDORXVGHEDWH
'DQJODUVGLGQRWHYHQORRNDWKHUWKRXJKVKHGLGKHUEHVW
WRIDLQW+HVKXWWKHEHGURRPGRRUDIWHUKLPZLWKRXWDGGLQJ
DQRWKHUZRUGDQGUHWXUQHGWRKLVDSDUWPHQWVDQGZKHQ
0DGDPH'DQJODUVUHFRYHUHGIURPKHUKDOIIDLQWLQJFRQGLWLRQ

831

VKHFRXOGDOPRVWEHOLHYHWKDWVKHKDGKDGDGLVDJUHHDEOH
GUHDP

&KDSWHU
0DWULPRQLDO3URMHFWV
7KHGD\IROORZLQJWKLVVFHQHDWWKHKRXUWKHEDQNHUXVXDOO\
FKRVHWRSD\DYLVLWWR0DGDPH'DQJODUVRQKLVZD\WRKLV
RIILFHKLVFRXSHGLGQRWDSSHDU$WWKLVWLPHWKDWLV
DERXWKDOISDVWWZHOYH0DGDPH'DQJODUVRUGHUHGKHU
FDUULDJHDQGZHQWRXW'DQJODUVKLGGHQEHKLQGDFXUWDLQ
ZDWFKHGWKHGHSDUWXUHKHKDGEHHQZDLWLQJIRU+HJDYH
RUGHUVWKDWKHVKRXOGEHLQIRUPHGDVVRRQDV0DGDPH'DQJODUV
DSSHDUHGEXWDWWZRR
FORFNVKHKDGQRWUHWXUQHG+HWKHQ
FDOOHGIRUKLVKRUVHVGURYHWRWKH&KDPEHUDQGLQVFULEHG
KLVQDPHWRVSHDNDJDLQVWWKHEXGJHW)URPWZHOYHWRWZR
R
FORFN'DQJODUVKDGUHPDLQHGLQKLVVWXG\XQVHDOLQJKLV
GLVSDWFKHVDQGEHFRPLQJPRUHDQGPRUHVDGHYHU\PLQXWH
KHDSLQJILJXUHXSRQILJXUHDQGUHFHLYLQJDPRQJRWKHU
YLVLWVRQHIURP0DMRU&DYDOFDQWLZKRDVVWLIIDQGH[DFW
DVHYHUSUHVHQWHGKLPVHOISUHFLVHO\DWWKHKRXUQDPHGWKH
QLJKWEHIRUHWRWHUPLQDWHKLVEXVLQHVVZLWKWKHEDQNHU2Q
OHDYLQJWKH&KDPEHU'DQJODUVZKRKDGVKRZQYLROHQWPDUNV
RIDJLWDWLRQGXULQJWKHVLWWLQJDQGEHHQPRUHELWWHUWKDQ
HYHUDJDLQVWWKHPLQLVWU\UHHQWHUHGKLVFDUULDJHDQGWROG
WKHFRDFKPDQWRGULYHWRWKH$YHQXHGHV&KDPSV(O\VHHV1R

0RQWH&ULVWRZDVDWKRPHRQO\KHZDVHQJDJHGZLWKVRPHRQH
DQGEHJJHG'DQJODUVWRZDLWIRUDPRPHQWLQWKH
GUDZLQJURRP:KLOHWKHEDQNHUZDVZDLWLQJLQWKHDQWHURRP
WKHGRRURSHQHGDQGDPDQGUHVVHGDVDQDEEHDQGGRXEWOHVV
PRUHIDPLOLDUZLWKWKHKRXVHWKDQKHZDVFDPHLQDQG
LQVWHDGRIZDLWLQJPHUHO\ERZHGSDVVHGRQWRWKHIDUWKHU
DSDUWPHQWVDQGGLVDSSHDUHG$PLQXWHDIWHUWKHGRRUE\
ZKLFKWKHSULHVWKDGHQWHUHGUHRSHQHGDQG0RQWH&ULVWR
DSSHDUHG3DUGRQPHVDLGKHP\GHDUEDURQEXWRQHRI
P\IULHQGVWKH$EEH%XVRQLZKRP\RXSHUKDSVVDZSDVVE\
KDVMXVWDUULYHGLQ3DULVQRWKDYLQJVHHQKLPIRUDORQJ
WLPH,FRXOGQRWPDNHXSP\PLQGWROHDYHKLPVRRQHUVR,
KRSHWKLVZLOOEHVXIILFLHQWUHDVRQIRUP\KDYLQJPDGH\RX
ZDLW

832

1D\VDLG'DQJODUVLWLVP\IDXOW,KDYHFKRVHQP\
YLVLWDWDZURQJWLPHDQGZLOOUHWLUH
1RWDWDOORQWKHFRQWUDU\EHVHDWHGEXWZKDWLVWKH
PDWWHUZLWK\RX"<RXORRNFDUHZRUQUHDOO\\RXDODUPPH
0HODQFKRO\LQDFDSLWDOLVWOLNHWKHDSSHDUDQFHRIDFRPHW
SUHVDJHVVRPHPLVIRUWXQHWRWKHZRUOG
,KDYHEHHQLQLOOOXFNIRUVHYHUDOGD\VVDLG'DQJODUV
DQG,KDYHKHDUGQRWKLQJEXWEDGQHZV
$KLQGHHG"VDLG0RQWH&ULVWR+DYH\RXKDGDQRWKHUIDOO
DWWKH%RXUVH"
1R,DPVDIHIRUDIHZGD\VDWOHDVW,DPRQO\DQQR\HG
DERXWDEDQNUXSWRI7ULHVWH
5HDOO\"'RHVLWKDSSHQWREH-DFRSR0DQIUHGL"
([DFWO\VR,PDJLQHDPDQZKRKDVWUDQVDFWHGEXVLQHVVZLWK
PHIRU,GRQ
WNQRZKRZORQJWRWKHDPRXQWRIRU
IUDQFVGXULQJWKH\HDU1HYHUDPLVWDNHRUGHOD\
DIHOORZZKRSDLGOLNHDSULQFH:HOO,ZDVDPLOOLRQLQ
DGYDQFHZLWKKLPDQGQRZP\ILQH-DFRSR0DQIUHGLVXVSHQGV
SD\PHQW
5HDOO\"
,WLVDQXQKHDUGRIIDWDOLW\,GUDZXSRQKLPIRU
IUDQFVP\ELOOVDUHUHWXUQHGXQSDLGDQGPRUHWKDQWKDW,
KROGELOOVRIH[FKDQJHVLJQHGE\KLPWRWKHYDOXHRI
IUDQFVSD\DEOHDWKLVFRUUHVSRQGHQW
VLQ3DULVDWWKHHQG
RIWKLVPRQWK7RGD\LVWKHWK,SUHVHQWWKHPEXWP\
FRUUHVSRQGHQWKDVGLVDSSHDUHG7KLVZLWKP\6SDQLVK
DIIDLUVPDGHDSUHWW\HQGWRWKHPRQWK
7KHQ\RXUHDOO\ORVWE\WKDWDIIDLULQ6SDLQ"
<HVRQO\IUDQFVRXWRIP\FDVKER[QRWKLQJ
PRUH
:K\KRZFRXOG\RXPDNHVXFKDPLVWDNHVXFKDQROG
VWDJHU"

833

2KLWLVDOOP\ZLIH
VIDXOW6KHGUHDPHG'RQ&DUORVKDG
UHWXUQHGWR6SDLQVKHEHOLHYHVLQGUHDPV,WLVPDJQHWLVP
VKHVD\VDQGZKHQVKHGUHDPVDWKLQJLWLVVXUHWRKDSSHQ
VKHDVVXUHVPH2QWKLVFRQYLFWLRQ,DOORZKHUWRVSHFXODWH
VKHKDYLQJKHUEDQNDQGKHUVWRFNEURNHUVKHVSHFXODWHGDQG
ORVW,WLVWUXHVKHVSHFXODWHVZLWKKHURZQPRQH\QRW
PLQHQHYHUWKHOHVV\RXFDQXQGHUVWDQGWKDWZKHQ
IUDQFVOHDYHWKHZLIH
VSRFNHWWKHKXVEDQGDOZD\VILQGVLW
RXW%XWGR\RXPHDQWRVD\\RXKDYHQRWKHDUGRIWKLV":K\
WKHWKLQJKDVPDGHDWUHPHQGRXVQRLVH
<HV,KHDUGLWVSRNHQRIEXW,GLGQRWNQRZWKHGHWDLOV
DQGWKHQQRRQHFDQEHPRUHLJQRUDQWWKDQ,DPRIWKH
DIIDLUVLQWKH%RXUVH
7KHQ\RXGRQRWVSHFXODWH"
,"+RZFRXOG,VSHFXODWHZKHQ,DOUHDG\KDYHVRPXFK
WURXEOHLQUHJXODWLQJP\LQFRPH",VKRXOGEHREOLJHG
EHVLGHVP\VWHZDUGWRNHHSDFOHUNDQGDER\%XWWRXFKLQJ
WKHVH6SDQLVKDIIDLUV,WKLQNWKDWWKHEDURQHVVGLGQRW
GUHDPWKHZKROHRIWKH'RQ&DUORVPDWWHU7KHSDSHUVVDLG
VRPHWKLQJDERXWLWGLGWKH\QRW"
7KHQ\RXEHOLHYHWKHSDSHUV"
,"QRWWKHOHDVWLQWKHZRUOGRQO\,IDQFLHGWKDWWKH
KRQHVW0HVVDJHUZDVDQH[FHSWLRQWRWKHUXOHDQGWKDWLW
RQO\DQQRXQFHGWHOHJUDSKLFGHVSDWFKHV
:HOOWKDW
VZKDWSX]]OHVPHUHSOLHG'DQJODUVWKHQHZV
RIWKHUHWXUQRI'RQ&DUORVZDVEURXJKWE\WHOHJUDSK
6RWKDWVDLG0RQWH&ULVWR\RXKDYHORVWQHDUO\
IUDQFVWKLVPRQWK
1RWQHDUO\LQGHHGWKDWLVH[DFWO\P\ORVV
'LDEOHVDLG0RQWH&ULVWRFRPSDVVLRQDWHO\LWLVDKDUG
EORZIRUDWKLUGUDWHIRUWXQH
7KLUGUDWHVDLG'DQJODUVUDWKHUKXPEOHZKDWGR\RX
PHDQE\WKDW"

834

&HUWDLQO\FRQWLQXHG0RQWH&ULVWR,PDNHWKUHH
DVVRUWPHQWVLQIRUWXQHILUVWUDWHVHFRQGUDWHDQG
WKLUGUDWHIRUWXQHV,FDOOWKRVHILUVWUDWHZKLFKDUH
FRPSRVHGRIWUHDVXUHVRQHSRVVHVVHVXQGHURQH
VKDQGVXFK
DVPLQHVODQGVDQGIXQGHGSURSHUW\LQVXFKVWDWHVDV
)UDQFH$XVWULDDQG(QJODQGSURYLGHGWKHVHWUHDVXUHVDQG
SURSHUW\IRUPDWRWDORIDERXWDKXQGUHGPLOOLRQV,FDOO
WKRVHVHFRQGUDWHIRUWXQHVWKDWDUHJDLQHGE\PDQXIDFWXULQJ
HQWHUSULVHVMRLQWVWRFNFRPSDQLHVYLFHUR\DOWLHVDQG
SULQFLSDOLWLHVQRWGUDZLQJPRUHWKDQIUDQFVWKH
ZKROHIRUPLQJDFDSLWDORIDERXWILIW\PLOOLRQVILQDOO\,
FDOOWKRVHWKLUGUDWHIRUWXQHVZKLFKDUHFRPSRVHGRID
IOXFWXDWLQJFDSLWDOGHSHQGHQWXSRQWKHZLOORIRWKHUVRU
XSRQFKDQFHVZKLFKDEDQNUXSWF\LQYROYHVRUDIDOVHWHOHJUDP
VKDNHVVXFKDVEDQNVVSHFXODWLRQVRIWKHGD\LQIDFW
DOORSHUDWLRQVXQGHUWKHLQIOXHQFHRIJUHDWHURUOHVV
PLVFKDQFHVWKHZKROHEULQJLQJLQDUHDORUILFWLWLRXV
FDSLWDORIDERXWILIWHHQPLOOLRQV,WKLQNWKLVLVDERXW
\RXUSRVLWLRQLVLWQRW"
&RQIRXQGLW\HVUHSOLHG'DQJODUV
7KHUHVXOWWKHQRIVL[PRUHVXFKPRQWKVDVWKLVZRXOGEH
WRUHGXFHWKHWKLUGUDWHKRXVHWRGHVSDLU
2KVDLG'DQJODUVEHFRPLQJYHU\SDOHKRZ\RXDUHUXQQLQJ
RQ
/HWXVLPDJLQHVHYHQVXFKPRQWKVFRQWLQXHG0RQWH&ULVWR
LQWKHVDPHWRQH7HOOPHKDYH\RXHYHUWKRXJKWWKDWVHYHQ
WLPHVIUDQFVPDNHQHDUO\WZHOYHPLOOLRQV"1R\RX
KDYHQRWZHOO\RXDUHULJKWIRULI\RXLQGXOJHGLQ
VXFKUHIOHFWLRQV\RXZRXOGQHYHUULVN\RXUSULQFLSDOZKLFK
LVWRWKHVSHFXODWRUZKDWWKHVNLQLVWRFLYLOL]HGPDQ:H
KDYHRXUFORWKHVVRPHPRUHVSOHQGLGWKDQRWKHUVWKLVLV
RXUFUHGLWEXWZKHQDPDQGLHVKHKDVRQO\KLVVNLQLQWKH
VDPHZD\RQUHWLULQJIURPEXVLQHVV\RXKDYHQRWKLQJEXW
\RXUUHDOSULQFLSDORIDERXWILYHRUVL[PLOOLRQVDWWKH
PRVWIRUWKLUGUDWHIRUWXQHVDUHQHYHUPRUHWKDQDIRXUWK
RIZKDWWKH\DSSHDUWREHOLNHWKHORFRPRWLYHRQDUDLOZD\
WKHVL]HRIZKLFKLVPDJQLILHGE\WKHVPRNHDQGVWHDP
VXUURXQGLQJLW:HOORXWRIWKHILYHRUVL[PLOOLRQVZKLFK
IRUP\RXUUHDOFDSLWDO\RXKDYHMXVWORVWQHDUO\WZR

835

PLOOLRQVZKLFKPXVWRIFRXUVHLQWKHVDPHGHJUHHGLPLQLVK
\RXUFUHGLWDQGILFWLWLRXVIRUWXQHWRIROORZRXWP\VLPLOH
\RXUVNLQKDVEHHQRSHQHGE\EOHHGLQJDQGWKLVLIUHSHDWHG
WKUHHRUIRXUWLPHVZLOOFDXVHGHDWKVRSD\DWWHQWLRQWR
LWP\GHDU0RQVLHXU'DQJODUV'R\RXZDQWPRQH\"'R\RX
ZLVKPHWROHQG\RXVRPH"
:KDWDEDGFDOFXODWRU\RXDUHH[FODLPHG'DQJODUVFDOOLQJ
WRKLVDVVLVWDQFHDOOKLVSKLORVRSK\DQGGLVVLPXODWLRQ,
KDYHPDGHPRQH\DWWKHVDPHWLPHE\VSHFXODWLRQVZKLFKKDYH
VXFFHHGHG,KDYHPDGHXSWKHORVVRIEORRGE\QXWULWLRQ,
ORVWDEDWWOHLQ6SDLQ,KDYHEHHQGHIHDWHGLQ7ULHVWHEXW
P\QDYDODUP\LQ,QGLDZLOOKDYHWDNHQVRPHJDOOHRQVDQGP\
0H[LFDQSLRQHHUVZLOOKDYHGLVFRYHUHGVRPHPLQH
9HU\JRRGYHU\JRRG%XWWKHZRXQGUHPDLQVDQGZLOOUHRSHQ
DWWKHILUVWORVV
1RIRU,DPRQO\HPEDUNHGLQFHUWDLQWLHVUHSOLHG
'DQJODUVZLWKWKHDLURIDPRXQWHEDQNVRXQGLQJKLVRZQ
SUDLVHVWRLQYROYHPHWKUHHJRYHUQPHQWVPXVWFUXPEOHWR
GXVW
:HOOVXFKWKLQJVKDYHEHHQ
7KDWWKHUHVKRXOGEHDIDPLQH
5HFROOHFWWKHVHYHQIDWDQGWKHVHYHQOHDQNLQH
2UWKDWWKHVHDVKRXOGEHFRPHGU\DVLQWKHGD\VRI
3KDUDRKDQGHYHQWKHQP\YHVVHOVZRXOGEHFRPHFDUDYDQV
6RPXFKWKHEHWWHU,FRQJUDWXODWH\RXP\GHDU0
'DQJODUVVDLG0RQWH&ULVWR,VHH,ZDVGHFHLYHGDQG
WKDW\RXEHORQJWRWKHFODVVRIVHFRQGUDWHIRUWXQHV
,WKLQN,PD\DVSLUHWRWKDWKRQRUVDLG'DQJODUVZLWKD
VPLOHZKLFKUHPLQGHG0RQWH&ULVWRRIWKHVLFNO\PRRQVZKLFK
EDGDUWLVWVDUHVRIRQGRIGDXELQJLQWRWKHLUSLFWXUHVRI
UXLQV%XWZKLOHZHDUHVSHDNLQJRIEXVLQHVV'DQJODUV
DGGHGSOHDVHGWRILQGDQRSSRUWXQLW\RIFKDQJLQJWKH
VXEMHFWWHOOPHZKDW,DPWRGRIRU0&DYDOFDQWL
*LYHKLPPRQH\LIKHLVUHFRPPHQGHGWR\RXDQGWKH

836

UHFRPPHQGDWLRQVHHPVJRRG
([FHOOHQWKHSUHVHQWHGKLPVHOIWKLVPRUQLQJZLWKDERQGRI
IUDQFVSD\DEOHDWVLJKWRQ\RXVLJQHGE\%XVRQL
DQGUHWXUQHGE\\RXWRPHZLWK\RXULQGRUVHPHQWRI
FRXUVH,LPPHGLDWHO\FRXQWHGKLPRYHUWKHIRUW\
EDQNQRWHV
0RQWH&ULVWRQRGGHGKLVKHDGLQWRNHQRIDVVHQW%XWWKDW
LVQRWDOOFRQWLQXHG'DQJODUVKHKDVRSHQHGDQDFFRXQW
ZLWKP\KRXVHIRUKLVVRQ
0D\,DVNKRZPXFKKHDOORZVWKH\RXQJPDQ"
)LYHWKRXVDQGIUDQFVSHUPRQWK
6L[W\WKRXVDQGIUDQFVSHU\HDU,WKRXJKW,ZDVULJKWLQ
EHOLHYLQJWKDW&DYDOFDQWLWREHDVWLQJ\IHOORZ+RZFDQD
\RXQJPDQOLYHXSRQIUDQFVDPRQWK"
%XW\RXXQGHUVWDQGWKDWLIWKH\RXQJPDQVKRXOGZDQWDIHZ
WKRXVDQGVPRUH
'RQRWDGYDQFHLWWKHIDWKHUZLOOQHYHUUHSD\LW<RXGR
QRWNQRZWKHVHXOWUDPRQWDQHPLOOLRQDLUHVWKH\DUHUHJXODU
PLVHUV$QGE\ZKRPZHUHWKH\UHFRPPHQGHGWR\RX"
2KE\WKHKRXVHRI)HQ]LRQHRIWKHEHVWLQ)ORUHQFH
,GRQRWPHDQWRVD\\RXZLOOORVHEXWQHYHUWKHOHVVPLQG
\RXKROGWRWKHWHUPVRIWKHDJUHHPHQW
:RXOG\RXQRWWUXVWWKH&DYDOFDQWL"
,"RK,ZRXOGDGYDQFHVL[PLOOLRQVRQKLVVLJQDWXUH,ZDV
RQO\VSHDNLQJLQUHIHUHQFHWRWKHVHFRQGUDWHIRUWXQHVZH
ZHUHPHQWLRQLQJMXVWQRZ
$QGZLWKDOOWKLVKRZXQDVVXPLQJKHLV,VKRXOGQHYHU
KDYHWDNHQKLPIRUDQ\WKLQJPRUHWKDQDPHUHPDMRU
$QG\RXZRXOGKDYHIODWWHUHGKLPIRUFHUWDLQO\DV\RX
VD\KHKDVQRPDQQHU7KHILUVWWLPH,VDZKLPKHDSSHDUHG
WRPHOLNHDQROGOLHXWHQDQWZKRKDGJURZQPRXOG\XQGHUKLV

837

HSDXOHWV%XWDOOWKH,WDOLDQVDUHWKHVDPHWKH\DUHOLNH
ROG-HZVZKHQWKH\DUHQRWJOLWWHULQJLQ2ULHQWDOVSOHQGRU
7KH\RXQJPDQLVEHWWHUVDLG'DQJODUV
<HVDOLWWOHQHUYRXVSHUKDSVEXWXSRQWKHZKROHKH
DSSHDUHGWROHUDEOH,ZDVXQHDV\DERXWKLP
:K\"
%HFDXVH\RXPHWKLPDWP\KRXVHMXVWDIWHUKLV
LQWURGXFWLRQLQWRWKHZRUOGDVWKH\WROGPH+HKDVEHHQ
WUDYHOOLQJZLWKDYHU\VHYHUHWXWRUDQGKDGQHYHUEHHQWR
3DULVEHIRUH
$K,EHOLHYHQREOHPHQPDUU\DPRQJVWWKHPVHOYHVGRWKH\
QRW"DVNHG'DQJODUVFDUHOHVVO\WKH\OLNHWRXQLWHWKHLU
IRUWXQHV
,WLVXVXDOFHUWDLQO\EXW&DYDOFDQWLLVDQRULJLQDOZKR
GRHVQRWKLQJOLNHRWKHUSHRSOH,FDQQRWKHOSWKLQNLQJWKDW
KHKDVEURXJKWKLVVRQWR)UDQFHWRFKRRVHDZLIH
'R\RXWKLQNVR"
,DPVXUHRILW
$QG\RXKDYHKHDUGKLVIRUWXQHPHQWLRQHG"
1RWKLQJHOVHZDVWDONHGRIRQO\VRPHVDLGKHZDVZRUWK
PLOOLRQVDQGRWKHUVWKDWKHGLGQRWSRVVHVVDIDUWKLQJ
$QGZKDWLV\RXURSLQLRQ"
,RXJKWQRWWRLQIOXHQFH\RXEHFDXVHLWLVRQO\P\RZQ
SHUVRQDOLPSUHVVLRQ
:HOODQGLWLVWKDW
0\RSLQLRQLVWKDWDOOWKHVHROGSRGHVWDVWKHVHDQFLHQW
FRQGRWWLHULIRUWKH&DYDOFDQWLKDYHFRPPDQGHGDUPLHVDQG
JRYHUQHGSURYLQFHVP\RSLQLRQ,VD\LVWKDWWKH\KDYH
EXULHGWKHLUPLOOLRQVLQFRUQHUVWKHVHFUHWRIZKLFKWKH\
KDYHWUDQVPLWWHGRQO\WRWKHLUHOGHVWVRQVZKRKDYHGRQH

838

WKHVDPHIURPJHQHUDWLRQWRJHQHUDWLRQDQGWKHSURRIRI
WKLVLVVHHQLQWKHLU\HOORZDQGGU\DSSHDUDQFHOLNHWKH
IORULQVRIWKHUHSXEOLFZKLFKIURPEHLQJFRQVWDQWO\JD]HG
XSRQKDYHEHFRPHUHIOHFWHGLQWKHP
&HUWDLQO\VDLG'DQJODUVDQGWKLVLVIXUWKHUVXSSRUWHG
E\WKHIDFWRIWKHLUQRWSRVVHVVLQJDQLQFKRIODQG
9HU\OLWWOHDWOHDVW,NQRZRIQRQHZKLFK&DYDOFDQWL
SRVVHVVHVH[FHSWLQJKLVSDODFHLQ/XFFD
$KKHKDVDSDODFH"VDLG'DQJODUVODXJKLQJFRPHWKDW
LVVRPHWKLQJ
<HVDQGPRUHWKDQWKDWKHOHWVLWWRWKH0LQLVWHURI
)LQDQFHZKLOHKHOLYHVLQDVLPSOHKRXVH2KDV,WROG\RX
EHIRUH,WKLQNWKHROGIHOORZLVYHU\FORVH
&RPH\RXGRQRWIODWWHUKLP
,VFDUFHO\NQRZKLP,WKLQN,KDYHVHHQKLPWKUHHWLPHVLQ
P\OLIHDOO,NQRZUHODWLQJWRKLPLVWKURXJK%XVRQLDQG
KLPVHOI+HZDVWHOOLQJPHWKLVPRUQLQJWKDWWLUHGRI
OHWWLQJKLVSURSHUW\OLHGRUPDQWLQ,WDO\ZKLFKLVDGHDG
QDWLRQKHZLVKHGWRILQGDPHWKRGHLWKHULQ)UDQFHRU
(QJODQGRIPXOWLSO\LQJKLVPLOOLRQVEXWUHPHPEHUWKDW
WKRXJK,SODFHJUHDWFRQILGHQFHLQ%XVRQL,DPQRW
UHVSRQVLEOHIRUWKLV
1HYHUPLQGDFFHSWP\WKDQNVIRUWKHFOLHQW\RXKDYHVHQW
PH,WLVDILQHQDPHWRLQVFULEHRQP\OHGJHUVDQGP\
FDVKLHUZDVTXLWHSURXGRILWZKHQ,H[SODLQHGWRKLPZKR
WKH&DYDOFDQWLZHUH%\WKHZD\WKLVLVPHUHO\DVLPSOH
TXHVWLRQZKHQWKLVVRUWRISHRSOHPDUU\WKHLUVRQVGRWKH\
JLYHWKHPDQ\IRUWXQH"
2KWKDWGHSHQGVXSRQFLUFXPVWDQFHV,NQRZDQ,WDOLDQ
SULQFHULFKDVDJROGPLQHRQHRIWKHQREOHVWIDPLOLHVLQ
7XVFDQ\ZKRZKHQKLVVRQVPDUULHGDFFRUGLQJWRKLVZLVK
JDYHWKHPPLOOLRQVDQGZKHQWKH\PDUULHGDJDLQVWKLV
FRQVHQWPHUHO\DOORZHGWKHPWKLUW\FURZQVDPRQWK6KRXOG
$QGUHDPDUU\DFFRUGLQJWRKLVIDWKHU
VYLHZVKHZLOO
SHUKDSVJLYHKLPRQHWZRRUWKUHHPLOOLRQV)RUH[DPSOH
VXSSRVLQJLWZHUHWKHGDXJKWHURIDEDQNHUKHPLJKWWDNHDQ

839

LQWHUHVWLQWKHKRXVHRIWKHIDWKHULQODZRIKLVVRQWKHQ
DJDLQLIKHGLVOLNHGKLVFKRLFHWKHPDMRUWDNHVWKHNH\
GRXEOHORFNVKLVFRIIHUDQG0DVWHU$QGUHDZRXOGEHREOLJHG
WROLYHOLNHWKHVRQVRID3DULVLDQIDPLO\E\VKXIIOLQJ
FDUGVRUUDWWOLQJWKHGLFH
$KWKDWER\ZLOOILQGRXWVRPH%DYDULDQRU3HUXYLDQ
SULQFHVVKHZLOOZDQWDFURZQDQGDQLPPHQVHIRUWXQH
1RWKHVHJUDQGORUGVRQWKHRWKHUVLGHRIWKH$OSV
IUHTXHQWO\PDUU\LQWRSODLQIDPLOLHVOLNH-XSLWHUWKH\
OLNHWRFURVVWKHUDFH%XWGR\RXZLVKWRPDUU\$QGUHDP\
GHDU0'DQJODUVWKDW\RXDUHDVNLQJVRPDQ\TXHVWLRQV"
0DIRLVDLG'DQJODUVLWZRXOGQRWEHDEDGVSHFXODWLRQ
,IDQF\DQG\RXNQRZ,DPDVSHFXODWRU
<RXDUHQRWWKLQNLQJRI0DGHPRLVHOOH'DQJODUV,KRSH\RX
ZRXOGQRWOLNHSRRU$QGUHDWRKDYHKLVWKURDWFXWE\
$OEHUW"
$OEHUWUHSHDWHG'DQJODUVVKUXJJLQJKLVVKRXOGHUVDK
ZHOOKHZRXOGFDUHYHU\OLWWOHDERXWLW,WKLQN
%XWKHLVEHWURWKHGWR\RXUGDXJKWHU,EHOLHYH"
:HOO0GH0RUFHUIDQG,KDYHWDONHGDERXWWKLVPDUULDJH
EXW0DGDPHGH0RUFHUIDQG$OEHUW
<RXGRQRWPHDQWRVD\WKDWLWZRXOGQRWEHDJRRGPDWFK"
,QGHHG,LPDJLQHWKDW0DGHPRLVHOOH'DQJODUVLVDVJRRGDV
0GH0RUFHUI
0DGHPRLVHOOH'DQJODUV
IRUWXQHZLOOEHJUHDWQRGRXEW
HVSHFLDOO\LWWKHWHOHJUDSKVKRXOGQRWPDNHDQ\PRUH
PLVWDNHV
2K,GRQRWPHDQKHUIRUWXQHRQO\EXWWHOOPH
:KDW"
:K\GLG\RXQRWLQYLWH0DQG0DGDPHGH0RUFHUIWR\RXU
GLQQHU"

840

,GLGVREXWKHH[FXVHGKLPVHOIRQDFFRXQWRI0DGDPHGH
0RUFHUIEHLQJREOLJHGWRJRWR'LHSSHIRUWKHEHQHILWRIVHD
DLU
<HV\HVVDLG'DQJODUVODXJKLQJLWZRXOGGRKHUD
JUHDWGHDORIJRRG
:K\VR"
%HFDXVHLWLVWKHDLUVKHDOZD\VEUHDWKHGLQKHU\RXWK
0RQWH&ULVWRWRRNQRQRWLFHRIWKLVLOOQDWXUHGUHPDUN
%XWVWLOOLI$OEHUWEHQRWVRULFKDV0DGHPRLVHOOH
'DQJODUVVDLGWKHFRXQW\RXPXVWDOORZWKDWKHKDVD
ILQHQDPH"
6RKHKDVEXW,OLNHPLQHDVZHOO
&HUWDLQO\\RXUQDPHLVSRSXODUDQGGRHVKRQRUWRWKH
WLWOHWKH\KDYHDGRUQHGLWZLWKEXW\RXDUHWRRLQWHOOLJHQW
QRWWRNQRZWKDWDFFRUGLQJWRDSUHMXGLFHWRRILUPO\URRWHG
WREHH[WHUPLQDWHGDQRELOLW\ZKLFKGDWHVEDFNILYH
FHQWXULHVLVZRUWKPRUHWKDQRQHWKDWFDQRQO\UHFNRQWZHQW\
\HDUV
$QGIRUWKLVYHU\UHDVRQVDLG'DQJODUVZLWKDVPLOH
ZKLFKKHWULHGWRPDNHVDUGRQLF,SUHIHU0$QGUHD
&DYDOFDQWLWR0$OEHUWGH0RUFHUI
6WLOO,VKRXOGQRWWKLQNWKH0RUFHUIVZRXOG\LHOGWRWKH
&DYDOFDQWL"
7KH0RUFHUIV6WD\P\GHDUFRXQWVDLG'DQJODUV\RX
DUHDPDQRIWKHZRUOGDUH\RXQRW"
,WKLQNVR
$QG\RXXQGHUVWDQGKHUDOGU\"
$OLWWOH
:HOOORRNDWP\FRDWRIDUPVLWLVZRUWKPRUHWKDQ
0RUFHUI
V

841

:K\VR"
%HFDXVHWKRXJK,DPQRWDEDURQE\ELUWKP\UHDOQDPHLV
DWOHDVW'DQJODUV
:HOOZKDWWKHQ"
:KLOHKLVQDPHLVQRW0RUFHUI
+RZ"QRW0RUFHUI"
1RWWKHOHDVWLQWKHZRUOG
*RRQ
,KDYHEHHQPDGHDEDURQVRWKDW,DFWXDOO\DPRQHKH
PDGHKLPVHOIDFRXQWVRWKDWKHLVQRWRQHDWDOO
,PSRVVLEOH
/LVWHQP\GHDUFRXQW0GH0RUFHUIKDVEHHQP\IULHQGRU
UDWKHUP\DFTXDLQWDQFHGXULQJWKHODVWWKLUW\\HDUV<RX
NQRZ,KDYHPDGHWKHPRVWRIP\DUPVWKRXJK,QHYHUIRUJRW
P\RULJLQ
$SURRIRIJUHDWKXPLOLW\RUJUHDWSULGHVDLG0RQWH
&ULVWR
:HOOZKHQ,ZDVDFOHUN0RUFHUIZDVDPHUHILVKHUPDQ
$QGWKHQKHZDVFDOOHG
)HUQDQG
2QO\)HUQDQG"
)HUQDQG0RQGHJR
<RXDUHVXUH"
3DUGLHX,KDYHERXJKWHQRXJKILVKRIKLPWRNQRZKLV
QDPH

842

7KHQZK\GLG\RXWKLQNRIJLYLQJ\RXUGDXJKWHUWRKLP"
%HFDXVH)HUQDQGDQG'DQJODUVEHLQJERWKSDUYHQXVERWK
KDYLQJEHFRPHQREOHERWKULFKDUHDERXWHTXDOLQZRUWK
H[FHSWLQJWKDWWKHUHKDYHEHHQFHUWDLQWKLQJVPHQWLRQHGRI
KLPWKDWZHUHQHYHUVDLGRIPH
:KDW"
2KQRWKLQJ
$K\HVZKDW\RXWHOOPHUHFDOOVWRPLQGVRPHWKLQJDERXW
WKHQDPHRI)HUQDQG0RQGHJR,KDYHKHDUGWKDWQDPHLQ
*UHHFH
,QFRQMXQFWLRQZLWKWKHDIIDLUVRI$OL3DVKD"
([DFWO\VR
7KLVLVWKHP\VWHU\VDLG'DQJODUV,DFNQRZOHGJH,ZRXOG
KDYHJLYHQDQ\WKLQJWRILQGLWRXW
,WZRXOGEHYHU\HDV\LI\RXPXFKZLVKHGLW"
+RZVR"
3UREDEO\\RXKDYHVRPHFRUUHVSRQGHQWLQ*UHHFH"
,VKRXOGWKLQNVR
$W<DQLQD"
(YHU\ZKHUH
:HOOZULWHWR\RXUFRUUHVSRQGHQWLQ<DQLQDDQGDVNKLP
ZKDWSDUWZDVSOD\HGE\D)UHQFKPDQQDPHG)HUQDQG0RQGHJRLQ
WKHFDWDVWURSKHRI$OL7HSHOLQL
<RXDUHULJKWH[FODLPHG'DQJODUVULVLQJTXLFNO\,ZLOO
ZULWHWRGD\
'RVR
,ZLOO

843

$QGLI\RXVKRXOGKHDURIDQ\WKLQJYHU\VFDQGDORXV
,ZLOOFRPPXQLFDWHLWWR\RX
<RXZLOOREOLJHPH'DQJODUVUXVKHGRXWRIWKHURRPDQG
PDGHEXWRQHOHDSLQWRKLVFRXSH

&KDSWHU
$WWKH2IILFHRIWKH.LQJ
V$WWRUQH\
/HWXVOHDYHWKHEDQNHUGULYLQJKLVKRUVHVDWWKHLUIXOOHVW
VSHHGDQGIROORZ0DGDPH'DQJODUVLQKHUPRUQLQJH[FXUVLRQ
:HKDYHVDLGWKDWDWKDOISDVWWZHOYHR
FORFN0DGDPH
'DQJODUVKDGRUGHUHGKHUKRUVHVDQGKDGOHIWKRPHLQWKH
FDUULDJH6KHGLUHFWHGKHUFRXUVHWRZDUGVWKH)DXERXUJ6DLQW
*HUPDLQZHQWGRZQWKH5XH0D]DULQHDQGVWRSSHGDWWKH
3DVVDJHGX3RQW1HXI6KHGHVFHQGHGDQGZHQWWKURXJKWKH
SDVVDJH6KHZDVYHU\SODLQO\GUHVVHGDVZRXOGEHWKHFDVH
ZLWKDZRPDQRIWDVWHZDONLQJLQWKHPRUQLQJ$WWKH5XH
*XHQHJDXGVKHFDOOHGDFDEDQGGLUHFWHGWKHGULYHUWRJRWR
WKH5XHGH+DUOD\$VVRRQDVVKHZDVVHDWHGLQWKHYHKLFOH
VKHGUHZIURPKHUSRFNHWDYHU\WKLFNEODFNYHLOZKLFKVKH
WLHGRQWRKHUVWUDZERQQHW6KHWKHQUHSODFHGWKHERQQHW
DQGVDZZLWKSOHDVXUHLQDOLWWOHSRFNHWPLUURUWKDWKHU
ZKLWHFRPSOH[LRQDQGEULOOLDQWH\HVZHUHDORQHYLVLEOH7KH
FDEFURVVHGWKH3RQW1HXIDQGHQWHUHGWKH5XHGH+DUOD\E\
WKH3ODFH'DXSKLQHWKHGULYHUZDVSDLGDVWKHGRRURSHQHG
DQGVWHSSLQJOLJKWO\XSWKHVWDLUV0DGDPH'DQJODUVVRRQ
UHDFKHGWKH6DOOHGHV3DV3HUGXV
7KHUHZDVDJUHDWGHDOJRLQJRQWKDWPRUQLQJDQGPDQ\
EXVLQHVVOLNHSHUVRQVDWWKH3DODLVEXVLQHVVOLNHSHUVRQV
SD\YHU\OLWWOHDWWHQWLRQWRZRPHQDQG0DGDPH'DQJODUV
FURVVHGWKHKDOOZLWKRXWH[FLWLQJDQ\PRUHDWWHQWLRQWKDQ
DQ\RWKHUZRPDQFDOOLQJXSRQKHUODZ\HU7KHUHZDVDJUHDW
SUHVVRISHRSOHLQ0GH9LOOHIRUW
VDQWHFKDPEHUEXW
0DGDPH'DQJODUVKDGQRRFFDVLRQHYHQWRSURQRXQFHKHUQDPH
7KHLQVWDQWVKHDSSHDUHGWKHGRRUNHHSHUURVHFDPHWRKHU
DQGDVNHGKHUZKHWKHUVKHZDVQRWWKHSHUVRQZLWKZKRPWKH
SURFXUHXUKDGPDGHDQDSSRLQWPHQWDQGRQKHUDIILUPDWLYH
DQVZHUEHLQJJLYHQKHFRQGXFWHGKHUE\DSULYDWHSDVVDJHWR

844

0GH9LOOHIRUW
VRIILFH7KHPDJLVWUDWHZDVVHDWHGLQDQ
DUPFKDLUZULWLQJZLWKKLVEDFNWRZDUGVWKHGRRUKHGLG
QRWPRYHDVKHKHDUGLWRSHQDQGWKHGRRUNHHSHUSURQRXQFH
WKHZRUGV:DONLQPDGDPHDQGWKHQUHFORVHLWEXWQR
VRRQHUKDGWKHPDQ
VIRRWVWHSVFHDVHGWKDQKHVWDUWHGXS
GUHZWKHEROWVFORVHGWKHFXUWDLQVDQGH[DPLQHGHYHU\
FRUQHURIWKHURRP7KHQZKHQKHKDGDVVXUHGKLPVHOIWKDW
KHFRXOGQHLWKHUEHVHHQQRUKHDUGDQGZDVFRQVHTXHQWO\
UHOLHYHGRIGRXEWVKHVDLG7KDQNVPDGDPHWKDQNV
IRU\RXUSXQFWXDOLW\DQGKHRIIHUHGDFKDLUWR0DGDPH
'DQJODUVZKLFKVKHDFFHSWHGIRUKHUKHDUWEHDWVR
YLROHQWO\WKDWVKHIHOWQHDUO\VXIIRFDWHG
,WLVDORQJWLPHPDGDPHVDLGWKHSURFXUHXUGHVFULELQJ
DKDOIFLUFOHZLWKKLVFKDLUVRDVWRSODFHKLPVHOIH[DFWO\
RSSRVLWHWR0DGDPH'DQJODUVLWLVDORQJWLPHVLQFH,
KDGWKHSOHDVXUHRIVSHDNLQJDORQHZLWK\RXDQG,UHJUHW
WKDWZHKDYHRQO\QRZPHWWRHQWHUXSRQDSDLQIXO
FRQYHUVDWLRQ
1HYHUWKHOHVVVLU\RXVHH,KDYHDQVZHUHG\RXUILUVW
DSSHDODOWKRXJKFHUWDLQO\WKHFRQYHUVDWLRQPXVWEHPXFK
PRUHSDLQIXOIRUPHWKDQIRU\RX9LOOHIRUWVPLOHG
ELWWHUO\
,WLVWUXHWKHQKHVDLGUDWKHUXWWHULQJKLVWKRXJKWV
DORXGWKDQDGGUHVVLQJKLVFRPSDQLRQLWLVWUXHWKHQ
WKDWDOORXUDFWLRQVOHDYHWKHLUWUDFHVVRPHVDGRWKHUV
EULJKWRQRXUSDWKVLWLVWUXHWKDWHYHU\VWHSLQRXU
OLYHVLVOLNHWKHFRXUVHRIDQLQVHFWRQWKHVDQGVLW
OHDYHVLWVWUDFN$ODVWRPDQ\WKHSDWKLVWUDFHGE\
WHDUV
6LUVDLG0DGDPH'DQJODUV\RXFDQIHHOIRUP\HPRWLRQ
FDQ\RXQRW"6SDUHPHWKHQ,EHVHHFK\RX:KHQ,ORRNDW
WKLVURRPZKHQFHVRPDQ\JXLOW\FUHDWXUHVKDYHGHSDUWHG
WUHPEOLQJDQGDVKDPHGZKHQ,ORRNDWWKDWFKDLUEHIRUH
ZKLFK,QRZVLWWUHPEOLQJDQGDVKDPHGRKLWUHTXLUHV
DOOP\UHDVRQWRFRQYLQFHPHWKDW,DPQRWDYHU\JXLOW\
ZRPDQDQG\RXDPHQDFLQJMXGJH9LOOHIRUWGURSSHGKLVKHDG
DQGVLJKHG$QG,KHVDLG,IHHOWKDWP\SODFHLVQRW
LQWKHMXGJH
VVHDWEXWRQWKHSULVRQHU
VVWRRO
<RX"VDLG0DGDPH'DQJODUV

845

<HV,
,WKLQNVLU\RXH[DJJHUDWH\RXUVLWXDWLRQVDLG0DGDPH
'DQJODUVZKRVHEHDXWLIXOH\HVVSDUNOHGIRUDPRPHQW7KH
SDWKVRIZKLFK\RXZHUHMXVWVSHDNLQJKDYHEHHQWUDFHGE\
DOO\RXQJPHQRIDUGHQWLPDJLQDWLRQV%HVLGHVWKHSOHDVXUH
WKHUHLVDOZD\VUHPRUVHIURPWKHLQGXOJHQFHRIRXUSDVVLRQV
DQGDIWHUDOOZKDWKDYH\RXPHQWRIHDUIURPDOOWKLV"WKH
ZRUOGH[FXVHVDQGQRWRULHW\HQQREOHV\RX
0DGDPHUHSOLHG9LOOHIRUW\RXNQRZWKDW,DPQR
K\SRFULWHRUDWOHDVWWKDW,QHYHUGHFHLYHZLWKRXWD
UHDVRQ,IP\EURZEHVHYHUHLWLVEHFDXVHPDQ\PLVIRUWXQHV
KDYHFORXGHGLWLIP\KHDUWEHSHWULILHGLWLVWKDWLW
PLJKWVXVWDLQWKHEORZVLWKDVUHFHLYHG,ZDVQRWVRLQP\
\RXWK,ZDVQRWVRRQWKHQLJKWRIWKHEHWURWKDOZKHQZH
ZHUHDOOVHDWHGDURXQGDWDEOHLQWKH5XHGX&RXUVDW
0DUVHLOOHV%XWVLQFHWKHQHYHU\WKLQJKDVFKDQJHGLQDQG
DERXWPH,DPDFFXVWRPHGWREUDYHGLIILFXOWLHVDQGLQWKH
FRQIOLFWWRFUXVKWKRVHZKRE\WKHLURZQIUHHZLOORUE\
FKDQFHYROXQWDULO\RULQYROXQWDULO\LQWHUIHUHZLWKPHLQ
P\FDUHHU,WLVJHQHUDOO\WKHFDVHWKDWZKDWZHPRVW
DUGHQWO\GHVLUHLVDVDUGHQWO\ZLWKKHOGIURPXVE\WKRVHZKR
ZLVKWRREWDLQLWRUIURPZKRPZHDWWHPSWWRVQDWFKLW
7KXVWKHJUHDWHUQXPEHURIDPDQ
VHUURUVFRPHEHIRUHKLP
GLVJXLVHGXQGHUWKHVSHFLRXVIRUPRIQHFHVVLW\WKHQDIWHU
HUURUKDVEHHQFRPPLWWHGLQDPRPHQWRIH[FLWHPHQWRI
GHOLULXPRURIIHDUZHVHHWKDWZHPLJKWKDYHDYRLGHGDQG
HVFDSHGLW7KHPHDQVZHPLJKWKDYHXVHGZKLFKZHLQRXU
EOLQGQHVVFRXOGQRWVHHWKHQVHHPVLPSOHDQGHDV\DQGZH
VD\C:K\GLG,QRWGRWKLVLQVWHDGRIWKDW"
:RPHQRQWKH
FRQWUDU\DUHUDUHO\WRUPHQWHGZLWKUHPRUVHIRUWKH
GHFLVLRQGRHVQRWFRPHIURP\RX\RXUPLVIRUWXQHVDUH
JHQHUDOO\LPSRVHGXSRQ\RXDQG\RXUIDXOWVWKHUHVXOWVRI
RWKHUV
FULPHV
,QDQ\FDVHVLU\RXZLOODOORZUHSOLHG0DGDPH'DQJODUV
WKDWHYHQLIWKHIDXOWZHUHDORQHPLQH,ODVWQLJKW
UHFHLYHGDVHYHUHSXQLVKPHQWIRULW
3RRUWKLQJVDLG9LOOHIRUWSUHVVLQJKHUKDQGLWZDVWRR
VHYHUHIRU\RXUVWUHQJWKIRU\RXZHUHWZLFHRYHUZKHOPHG
DQG\HW

846

:HOO"
:HOO,PXVWWHOO\RX&ROOHFWDOO\RXUFRXUDJHIRU\RX
KDYHQRW\HWKHDUGDOO
$KH[FODLPHG0DGDPH'DQJODUVDODUPHGZKDWLVWKHUH
PRUHWRKHDU"
<RXRQO\ORRNEDFNWRWKHSDVWDQGLWLVLQGHHGEDG
HQRXJK:HOOSLFWXUHWR\RXUVHOIDIXWXUHPRUHJORRP\VWLOO
FHUWDLQO\IULJKWIXOSHUKDSVVDQJXLQDU\7KHEDURQHVV
NQHZKRZFDOP9LOOHIRUWQDWXUDOO\ZDVDQGKLVSUHVHQW
H[FLWHPHQWIULJKWHQHGKHUVRPXFKWKDWVKHRSHQHGKHUPRXWK
WRVFUHDPEXWWKHVRXQGGLHGLQKHUWKURDW+RZKDVWKLV
WHUULEOHSDVWEHHQUHFDOOHG"FULHG9LOOHIRUWKRZLVLW
WKDWLWKDVHVFDSHGIURPWKHGHSWKVRIWKHWRPEDQGWKH
UHFHVVHVRIRXUKHDUWVZKHUHLWZDVEXULHGWRYLVLWXV
QRZOLNHDSKDQWRPZKLWHQLQJRXUFKHHNVDQGIOXVKLQJRXU
EURZVZLWKVKDPH"
$ODVVDLG+HUPLQHGRXEWOHVVLWLVFKDQFH
&KDQFH"UHSOLHG9LOOHIRUW1RQRPDGDPHWKHUHLVQR
VXFKWKLQJDVFKDQFH
2K\HVKDVQRWDIDWDOFKDQFHUHYHDOHGDOOWKLV":DVLW
QRWE\FKDQFHWKH&RXQWRI0RQWH&ULVWRERXJKWWKDWKRXVH"
:DVLWQRWE\FKDQFHKHFDXVHGWKHHDUWKWREHGXJXS",VLW
QRWE\FKDQFHWKDWWKHXQIRUWXQDWHFKLOGZDVGLVLQWHUUHG
XQGHUWKHWUHHV"WKDWSRRULQQRFHQWRIIVSULQJRIPLQH
ZKLFK,QHYHUHYHQNLVVHGEXWIRUZKRP,ZHSWPDQ\PDQ\
WHDUV$KP\KHDUWFOXQJWRWKHFRXQWZKHQKHPHQWLRQHGWKH
GHDUVSRLOIRXQGEHQHDWKWKHIORZHUV
:HOOQRPDGDPHWKLVLVWKHWHUULEOHQHZV,KDYHWR
WHOO\RXVDLG9LOOHIRUWLQDKROORZYRLFHQRQRWKLQJ
ZDVIRXQGEHQHDWKWKHIORZHUVWKHUHZDVQRFKLOG
GLVLQWHUUHGQR<RXPXVWQRWZHHSQR\RXPXVWQRW
JURDQ\RXPXVWWUHPEOH
:KDWFDQ\RXPHDQ"DVNHG0DGDPH'DQJODUVVKXGGHULQJ
,PHDQWKDW0GH0RQWH&ULVWRGLJJLQJXQGHUQHDWKWKHVH

847

WUHHVIRXQGQHLWKHUVNHOHWRQQRUFKHVWEHFDXVHQHLWKHURI
WKHPZDVWKHUH
1HLWKHURIWKHPWKHUH"UHSHDWHG0DGDPH'DQJODUVKHU
VWDULQJZLGHRSHQH\HVH[SUHVVLQJKHUDODUP
1HLWKHURIWKHPWKHUHVKHDJDLQVDLGDVWKRXJKVWULYLQJ
WRLPSUHVVKHUVHOIZLWKWKHPHDQLQJRIWKHZRUGVZKLFK
HVFDSHGKHU
1RVDLG9LOOHIRUWEXU\LQJKLVIDFHLQKLVKDQGVQRD
KXQGUHGWLPHVQR
7KHQ\RXGLGQRWEXU\WKHSRRUFKLOGWKHUHVLU":K\GLG
\RXGHFHLYHPH":KHUHGLG\RXSODFHLW"WHOOPHZKHUH"
7KHUH%XWOLVWHQWRPHOLVWHQDQG\RXZLOOSLW\PH
ZKRKDVIRUWZHQW\\HDUVDORQHERUQHWKHKHDY\EXUGHQRI
JULHI,DPDERXWWRUHYHDOZLWKRXWFDVWLQJWKHOHDVW
SRUWLRQXSRQ\RX
2K\RXIULJKWHQPH%XWVSHDN,ZLOOOLVWHQ
<RXUHFROOHFWWKDWVDGQLJKWZKHQ\RXZHUHKDOIH[SLULQJ
RQWKDWEHGLQWKHUHGGDPDVNURRPZKLOH,VFDUFHO\OHVV
DJLWDWHGWKDQ\RXDZDLWHG\RXUGHOLYHU\7KHFKLOGZDV
ERUQZDVJLYHQWRPHPRWLRQOHVVEUHDWKOHVVYRLFHOHVV
ZHWKRXJKWLWGHDG0DGDPH'DQJODUVPRYHGUDSLGO\DV
WKRXJKVKHZRXOGVSULQJIURPKHUFKDLUEXW9LOOHIRUW
VWRSSHGDQGFODVSHGKLVKDQGVDVLIWRLPSORUHKHU
DWWHQWLRQ:HWKRXJKWLWGHDGKHUHSHDWHG,SODFHGLW
LQWKHFKHVWZKLFKZDVWRWDNHWKHSODFHRIDFRIILQ,
GHVFHQGHGWRWKHJDUGHQ,GXJDKROHDQGWKHQIOXQJLW
GRZQLQKDVWH6FDUFHO\KDG,FRYHUHGLWZLWKHDUWKZKHQ
WKHDUPRIWKH&RUVLFDQZDVVWUHWFKHGWRZDUGVPH,VDZD
VKDGRZULVHDQGDWWKHVDPHWLPHDIODVKRIOLJKW,IHOW
SDLQ,ZLVKHGWRFU\RXWEXWDQLF\VKLYHUUDQWKURXJKP\
YHLQVDQGVWLIOHGP\YRLFH,IHOOOLIHOHVVDQGIDQFLHG
P\VHOINLOOHG1HYHUVKDOO,IRUJHW\RXUVXEOLPHFRXUDJH
ZKHQKDYLQJUHWXUQHGWRFRQVFLRXVQHVV,GUDJJHGP\VHOIWR
WKHIRRWRIWKHVWDLUVDQG\RXDOPRVWG\LQJ\RXUVHOIFDPH
WRPHHWPH:HZHUHREOLJHGWRNHHSVLOHQWXSRQWKHGUHDGIXO
FDWDVWURSKH<RXKDGWKHIRUWLWXGHWRUHJDLQWKHKRXVH
DVVLVWHGE\\RXUQXUVH$GXHOZDVWKHSUHWH[WIRUP\ZRXQG

848

7KRXJKZHVFDUFHO\H[SHFWHGLWRXUVHFUHWUHPDLQHGLQRXU
RZQNHHSLQJDORQH,ZDVWDNHQWR9HUVDLOOHVIRUWKUHH
PRQWKV,VWUXJJOHGZLWKGHDWKDWODVWDV,VHHPHGWRFOLQJ
WROLIH,ZDVRUGHUHGWRWKH6RXWK)RXUPHQFDUULHGPH
IURP3DULVWR&KDORQVZDONLQJVL[OHDJXHVDGD\0DGDPHGH
9LOOHIRUWIROORZHGWKHOLWWHULQKHUFDUULDJH$W&KDORQV,
ZDVSXWXSRQWKH6DRQHWKHQFH,SDVVHGRQWRKH5KRQH
ZKHQFH,GHVFHQGHGPHUHO\ZLWKWKHFXUUHQWWR$UOHVDW
$UOHV,ZDVDJDLQSODFHGRQP\OLWWHUDQGFRQWLQXHGP\
MRXUQH\WR0DUVHLOOHV0\UHFRYHU\ODVWHGVL[PRQWKV,
QHYHUKHDUG\RXPHQWLRQHGDQG,GLGQRWGDUHLQTXLUHIRU
\RX:KHQ,UHWXUQHGWR3DULV,OHDUQHGWKDW\RXWKHZLGRZ
RI0GH1DUJRQQHKDGPDUULHG0'DQJODUV
:KDWZDVWKHVXEMHFWRIP\WKRXJKWVIURPWKHWLPH
FRQVFLRXVQHVVUHWXUQHGWRPH"$OZD\VWKHVDPHDOZD\VWKH
FKLOG
VFRUSVHFRPLQJHYHU\QLJKWLQP\GUHDPVULVLQJIURP
WKHHDUWKDQGKRYHULQJRYHUWKHJUDYHZLWKPHQDFLQJORRN
DQGJHVWXUH,LQTXLUHGLPPHGLDWHO\RQP\UHWXUQWR3DULV
WKHKRXVHKDGQRWEHHQLQKDELWHGVLQFHZHOHIWLWEXWLW
KDGMXVWEHHQOHWIRUQLQH\HDUV,IRXQGWKHWHQDQW,
SUHWHQGHGWKDW,GLVOLNHGWKHLGHDWKDWDKRXVHEHORQJLQJWR
P\ZLIH
VIDWKHUDQGPRWKHUVKRXOGSDVVLQWRWKHKDQGVRI
VWUDQJHUV,RIIHUHGWRSD\WKHPIRUFDQFHOOLQJWKHOHDVH
WKH\GHPDQGHGIUDQFV,ZRXOGKDYHJLYHQ,
ZRXOGKDYHJLYHQ,KDGWKHPRQH\ZLWKPH,PDGHWKH
WHQDQWVLJQWKHGHHGRIUHVLOLWLRQDQGZKHQ,KDGREWDLQHG
ZKDW,VRPXFKZDQWHG,JDOORSHGWR$XWHXLO
1RRQHKDGHQWHUHGWKHKRXVHVLQFH,KDGOHIWLW,WZDV
ILYHR
FORFNLQWKHDIWHUQRRQ,DVFHQGHGLQWRWKHUHGURRP
DQGZDLWHGIRUQLJKW7KHUHDOOWKHWKRXJKWVZKLFKKDG
GLVWXUEHGPHGXULQJP\\HDURIFRQVWDQWDJRQ\FDPHEDFNZLWK
GRXEOHIRUFH7KH&RUVLFDQZKRKDGGHFODUHGWKHYHQGHWWD
DJDLQVWPHZKRKDGIROORZHGPHIURP1LPHVWR3DULVZKRKDG
KLGKLPVHOILQWKHJDUGHQZKRKDGVWUXFNPHKDGVHHQPH
GLJWKHJUDYHKDGVHHQPHLQWHUWKHFKLOGKHPLJKW
EHFRPHDFTXDLQWHGZLWK\RXUSHUVRQQD\KHPLJKWHYHQ
WKHQKDYHNQRZQLW:RXOGKHQRWRQHGD\PDNH\RXSD\IRU
NHHSLQJWKLVWHUULEOHVHFUHW":RXOGLWQRWEHDVZHHW
UHYHQJHIRUKLPZKHQKHIRXQGWKDW,KDGQRWGLHGIURPWKH
EORZRIKLVGDJJHU",WZDVWKHUHIRUHQHFHVVDU\EHIRUH
HYHU\WKLQJHOVHDQGDWDOOULVNVWKDW,VKRXOGFDXVHDOO
WUDFHVRIWKHSDVWWRGLVDSSHDUWKDW,VKRXOGGHVWUR\

849

HYHU\PDWHULDOYHVWLJHWRRPXFKUHDOLW\ZRXOGDOZD\VUHPDLQ
LQP\UHFROOHFWLRQ,WZDVIRUWKLV,KDGDQQXOOHGWKHOHDVH
LWZDVIRUWKLV,KDGFRPHLWZDVIRUWKLV,ZDV
ZDLWLQJ1LJKWDUULYHG,DOORZHGLWWREHFRPHTXLWHGDUN,
ZDVZLWKRXWDOLJKWLQWKDWURRPZKHQWKHZLQGVKRRNDOO
WKHGRRUVEHKLQGZKLFK,FRQWLQXDOO\H[SHFWHGWRVHHVRPH
VS\FRQFHDOHG,WUHPEOHG,VHHPHGHYHU\ZKHUHWRKHDU\RXU
PRDQVEHKLQGPHLQWKHEHGDQG,GDUHGQRWWXUQDURXQG0\
KHDUWEHDWVRYLROHQWO\WKDW,IHDUHGP\ZRXQGZRXOGRSHQ
$WOHQJWKRQHE\RQHDOOWKHQRLVHVLQWKHQHLJKERUKRRG
FHDVHG,XQGHUVWRRGWKDW,KDGQRWKLQJWRIHDUWKDW,
VKRXOGQHLWKHUEHVHHQQRUKHDUGVR,GHFLGHGXSRQ
GHVFHQGLQJWRWKHJDUGHQ
/LVWHQ+HUPLQH,FRQVLGHUP\VHOIDVEUDYHDVPRVWPHQ
EXWZKHQ,GUHZIURPP\EUHDVWWKHOLWWOHNH\RIWKH
VWDLUFDVHZKLFK,KDGIRXQGLQP\FRDWWKDWOLWWOHNH\
ZHERWKXVHGWRFKHULVKVRPXFKZKLFK\RXZLVKHGWRKDYH
IDVWHQHGWRDJROGHQULQJZKHQ,RSHQHGWKHGRRUDQGVDZ
WKHSDOHPRRQVKHGGLQJDORQJVWUHDPRIZKLWHOLJKWRQWKH
VSLUDOVWDLUFDVHOLNHDVSHFWUH,OHDQHGDJDLQVWWKHZDOO
DQGQHDUO\VKULHNHG,VHHPHGWREHJRLQJPDG$WODVW,
PDVWHUHGP\DJLWDWLRQ,GHVFHQGHGWKHVWDLUFDVHVWHSE\
VWHSWKHRQO\WKLQJ,FRXOGQRWFRQTXHUZDVDVWUDQJH
WUHPEOLQJLQP\NQHHV,JUDVSHGWKHUDLOLQJVLI,KDG
UHOD[HGP\KROGIRUDPRPHQW,VKRXOGKDYHIDOOHQ,
UHDFKHGWKHORZHUGRRU2XWVLGHWKLVGRRUDVSDGHZDVSODFHG
DJDLQVWWKHZDOO,WRRNLWDQGDGYDQFHGWRZDUGVWKH
WKLFNHW,KDGSURYLGHGP\VHOIZLWKDGDUNODQWHUQ,QWKH
PLGGOHRIWKHODZQ,VWRSSHGWROLJKWLWWKHQ,FRQWLQXHG
P\SDWK
,WZDVWKHHQGRI1RYHPEHUDOOWKHYHUGXUHRIWKHJDUGHQ
KDGGLVDSSHDUHGWKHWUHHVZHUHQRWKLQJPRUHWKDQVNHOHWRQV
ZLWKWKHLUORQJERQ\DUPVDQGWKHGHDGOHDYHVVRXQGHGRQ
WKHJUDYHOXQGHUP\IHHW0\WHUURURYHUFDPHPHWRVXFKD
GHJUHHDV,DSSURDFKHGWKHWKLFNHWWKDW,WRRNDSLVWRO
IURPP\SRFNHWDQGDUPHGP\VHOI,IDQFLHGFRQWLQXDOO\WKDW
,VDZWKHILJXUHRIWKH&RUVLFDQEHWZHHQWKHEUDQFKHV,
H[DPLQHGWKHWKLFNHWZLWKP\GDUNODQWHUQLWZDVHPSW\,
ORRNHGFDUHIXOO\DURXQG,ZDVLQGHHGDORQHQRQRLVH
GLVWXUEHGWKHVLOHQFHEXWWKHRZOZKRVHSLHUFLQJFU\VHHPHG
WREHFDOOLQJXSWKHSKDQWRPVRIWKHQLJKW,WLHGP\
ODQWHUQWRDIRUNHGEUDQFK,KDGQRWLFHGD\HDUEHIRUHDW

850

WKHSUHFLVHVSRWZKHUH,VWRSSHGWRGLJWKHKROH
7KHJUDVVKDGJURZQYHU\WKLFNO\WKHUHGXULQJWKHVXPPHU
DQGZKHQDXWXPQDUULYHGQRRQHKDGEHHQWKHUHWRPRZLW
6WLOORQHSODFHZKHUHWKHJUDVVZDVWKLQDWWUDFWHGP\
DWWHQWLRQLWHYLGHQWO\ZDVWKHUH,KDGWXUQHGXSWKH
JURXQG,ZHQWWRZRUN7KHKRXUWKHQIRUZKLFK,KDGEHHQ
ZDLWLQJGXULQJWKHODVW\HDUKDGDWOHQJWKDUULYHG+RZ,
ZRUNHGKRZ,KRSHGKRZ,VWUXFNHYHU\SLHFHRIWXUI
WKLQNLQJWRILQGVRPHUHVLVWDQFHWRP\VSDGH%XWQR,
IRXQGQRWKLQJWKRXJK,KDGPDGHDKROHWZLFHDVODUJHDV
WKHILUVW,WKRXJKW,KDGEHHQGHFHLYHGKDGPLVWDNHQWKH
VSRW,WXUQHGDURXQG,ORRNHGDWWKHWUHHV,WULHGWR
UHFDOOWKHGHWDLOVZKLFKKDGVWUXFNPHDWWKHWLPH$FROG
VKDUSZLQGZKLVWOHGWKURXJKWKHOHDIOHVVEUDQFKHVDQG\HW
WKHGURSVIHOOIURPP\IRUHKHDG,UHFROOHFWHGWKDW,ZDV
VWDEEHGMXVWDV,ZDVWUDPSOLQJWKHJURXQGWRILOOXSWKH
KROHZKLOHGRLQJVR,KDGOHDQHGDJDLQVWDODEXUQXPEHKLQG
PHZDVDQDUWLILFLDOURFNHU\LQWHQGHGWRVHUYHDVD
UHVWLQJSODFHIRUSHUVRQVZDONLQJLQWKHJDUGHQLQIDOOLQJ
P\KDQGUHOD[LQJLWVKROGRIWKHODEXUQXPIHOWWKH
FROGQHVVRIWKHVWRQH2QP\ULJKW,VDZWKHWUHHEHKLQGPH
WKHURFN,VWRRGLQWKHVDPHDWWLWXGHDQGWKUHZP\VHOI
GRZQ,URVHDQGDJDLQEHJDQGLJJLQJDQGHQODUJLQJWKH
KROHVWLOO,IRXQGQRWKLQJQRWKLQJWKHFKHVWZDVQR
ORQJHUWKHUH
7KHFKHVWQRORQJHUWKHUH"PXUPXUHG0DGDPH'DQJODUV
FKRNLQJZLWKIHDU
7KLQNQRW,FRQWHQWHGP\VHOIZLWKWKLVRQHHIIRUW
FRQWLQXHG9LOOHIRUW1R,VHDUFKHGWKHZKROHWKLFNHW,
WKRXJKWWKHDVVDVVLQKDYLQJGLVFRYHUHGWKHFKHVWDQG
VXSSRVLQJLWWREHDWUHDVXUHKDGLQWHQGHGFDUU\LQJLWRII
EXWSHUFHLYLQJKLVHUURUKDGGXJDQRWKHUKROHDQG
GHSRVLWHGLWWKHUHEXW,FRXOGILQGQRWKLQJ7KHQWKHLGHD
VWUXFNPHWKDWKHKDGQRWWDNHQWKHVHSUHFDXWLRQVDQGKDG
VLPSO\WKURZQLWLQDFRUQHU,QWKHODVWFDVH,PXVWZDLW
IRUGD\OLJKWWRUHQHZP\VHDUFK,UHPDLQHGWKHURRPDQG
ZDLWHG
2KKHDYHQV
:KHQGD\OLJKWGDZQHG,ZHQWGRZQDJDLQ0\ILUVWYLVLWZDV

851

WRWKHWKLFNHW,KRSHGWRILQGVRPHWUDFHVZKLFKKDG
HVFDSHGPHLQWKHGDUNQHVV,KDGWXUQHGXSWKHHDUWKRYHUD
VXUIDFHRIPRUHWKDQWZHQW\IHHWVTXDUHDQGDGHSWKRIWZR
IHHW$ODERUHUZRXOGQRWKDYHGRQHLQDGD\ZKDWRFFXSLHG
PHDQKRXU%XW,FRXOGILQGQRWKLQJDEVROXWHO\QRWKLQJ
7KHQ,UHQHZHGWKHVHDUFK6XSSRVLQJLWKDGEHHQWKURZQ
DVLGHLWZRXOGSUREDEO\EHRQWKHSDWKZKLFKOHGWRWKH
OLWWOHJDWHEXWWKLVH[DPLQDWLRQZDVDVXVHOHVVDVWKH
ILUVWDQGZLWKDEXUVWLQJKHDUW,UHWXUQHGWRWKHWKLFNHW
ZKLFKQRZFRQWDLQHGQRKRSHIRUPH
2KFULHG0DGDPH'DQJODUVLWZDVHQRXJKWRGULYH\RX
PDG
,KRSHGIRUDPRPHQWWKDWLWPLJKWVDLG9LOOHIRUWEXW
WKDWKDSSLQHVVZDVGHQLHGPH+RZHYHUUHFRYHULQJP\
VWUHQJWKDQGP\LGHDVC:K\
VDLG,CVKRXOGWKDWPDQKDYH
FDUULHGDZD\WKHFRUSVH"

%XW\RXVDLGUHSOLHG0DGDPH'DQJODUVKHZRXOGUHTXLUH
LWDVDSURRI
$KQRPDGDPHWKDWFRXOGQRWEH'HDGERGLHVDUHQRWNHSW
D\HDUWKH\DUHVKRZQWRDPDJLVWUDWHDQGWKHHYLGHQFHLV
WDNHQ1RZQRWKLQJRIWKHNLQGKDVKDSSHQHG
:KDWWKHQ"DVNHG+HUPLQHWUHPEOLQJYLROHQWO\
6RPHWKLQJPRUHWHUULEOHPRUHIDWDOPRUHDODUPLQJIRUXV
WKHFKLOGZDVSHUKDSVDOLYHDQGWKHDVVDVVLQPD\KDYH
VDYHGLW
0DGDPH'DQJODUVXWWHUHGDSLHUFLQJFU\DQGVHL]LQJ
9LOOHIRUW
VKDQGVH[FODLPHG0\FKLOGZDVDOLYH"VDLG
VKH\RXEXULHGP\FKLOGDOLYH"<RXZHUHQRWFHUWDLQP\
FKLOGZDVGHDGDQG\RXEXULHGLW"$K
0DGDPH'DQJODUVKDGULVHQDQGVWRRGEHIRUHWKHSURFXUHXU
ZKRVHKDQGVVKHZUXQJLQKHUIHHEOHJUDVS,NQRZQRW,
PHUHO\VXSSRVHVRDV,PLJKWVXSSRVHDQ\WKLQJHOVH
UHSOLHG9LOOHIRUWZLWKDORRNVRIL[HGLWLQGLFDWHGWKDW
KLVSRZHUIXOPLQGZDVRQWKHYHUJHRIGHVSDLUDQGPDGQHVV
$KP\FKLOGP\SRRUFKLOGFULHGWKHEDURQHVVIDOOLQJ
RQKHUFKDLUDQGVWLIOLQJKHUVREVLQKHUKDQGNHUFKLHI

852

9LOOHIRUWEHFRPLQJVRPHZKDWUHDVVXUHGSHUFHLYHGWKDWWR
DYHUWWKHPDWHUQDOVWRUPJDWKHULQJRYHUKLVKHDGKHPXVW
LQVSLUH0DGDPH'DQJODUVZLWKWKHWHUURUKHIHOW<RX
XQGHUVWDQGWKHQWKDWLILWZHUHVRVDLGKHULVLQJLQ
KLVWXUQDQGDSSURDFKLQJWKHEDURQHVVWRVSHDNWRKHULQD
ORZHUWRQHZHDUHORVW7KLVFKLOGOLYHVDQGVRPHRQH
NQRZVLWOLYHVVRPHRQHLVLQSRVVHVVLRQRIRXUVHFUHW
DQGVLQFH0RQWH&ULVWRVSHDNVEHIRUHXVRIDFKLOG
GLVLQWHUUHGZKHQWKDWFKLOGFRXOGQRWEHIRXQGLWLVKH
ZKRLVLQSRVVHVVLRQRIRXUVHFUHW
-XVW*RGDYHQJLQJ*RGPXUPXUHG0DGDPH'DQJODUV
9LOOHIRUW
VRQO\DQVZHUZDVDVWLIOHGJURDQ
%XWWKHFKLOGWKHFKLOGVLU"UHSHDWHGWKHDJLWDWHG
PRWKHU
+RZ,KDYHVHDUFKHGIRUKLPUHSOLHG9LOOHIRUWZULQJLQJ
KLVKDQGVKRZ,KDYHFDOOHGKLPLQP\ORQJVOHHSOHVV
QLJKWVKRZ,KDYHORQJHGIRUUR\DOZHDOWKWRSXUFKDVHD
PLOOLRQRIVHFUHWVIURPDPLOOLRQRIPHQDQGWRILQGPLQH
DPRQJWKHP$WODVWRQHGD\ZKHQIRUWKHKXQGUHGWKWLPH,
WRRNXSP\VSDGH,DVNHGP\VHOIDJDLQDQGDJDLQZKDWWKH
&RUVLFDQFRXOGKDYHGRQHZLWKWKHFKLOG$FKLOGHQFXPEHUVD
IXJLWLYHSHUKDSVRQSHUFHLYLQJLWZDVVWLOODOLYHKHKDG
WKURZQLWLQWRWKHULYHU
,PSRVVLEOHFULHG0DGDPH'DQJODUVDPDQPD\PXUGHU
DQRWKHURXWRIUHYHQJHEXWKHZRXOGQRWGHOLEHUDWHO\GURZQ
DFKLOG
3HUKDSVFRQWLQXHG9LOOHIRUWKHKDGSXWLWLQWKH
IRXQGOLQJKRVSLWDO
2K\HV\HVFULHGWKHEDURQHVVP\FKLOGLVWKHUH
,UDQWRWKHKRVSLWDODQGOHDUQHGWKDWWKHVDPHQLJKW
WKHQLJKWRIWKHWKRI6HSWHPEHUDFKLOGKDGEHHQ
EURXJKWWKHUHZUDSSHGLQSDUWRIDILQHOLQHQQDSNLQ
SXUSRVHO\WRUQLQKDOI7KLVSRUWLRQRIWKHQDSNLQZDV
PDUNHGZLWKKDOIDEDURQ
VFURZQDQGWKHOHWWHU+
7UXO\WUXO\VDLG0DGDPH'DQJODUVDOOP\OLQHQLV

853

PDUNHGWKXV0RQVLHXUGH1DUJRQQHZDVDEDURQHWDQGP\QDPH
LV+HUPLQH7KDQN*RGP\FKLOGZDVQRWWKHQGHDG
1RLWZDVQRWGHDG
$QG\RXFDQWHOOPHVRZLWKRXWIHDULQJWRPDNHPHGLHRI
MR\":KHUHLVWKHFKLOG"9LOOHIRUWVKUXJJHGKLVVKRXOGHUV
'R,NQRZ"VDLGKHDQGGR\RXEHOLHYHWKDWLI,NQHZ,
ZRXOGUHODWHWR\RXDOOLWVWULDOVDQGDOOLWVDGYHQWXUHVDV
ZRXOGDGUDPDWLVWRUDQRYHOZULWHU"$ODVQR,NQRZQRW$
ZRPDQDERXWVL[PRQWKVDIWHUFDPHWRFODLPLWZLWKWKH
RWKHUKDOIRIWKHQDSNLQ7KLVZRPDQJDYHDOOWKHUHTXLVLWH
SDUWLFXODUVDQGLWZDVLQWUXVWHGWRKHU
%XW\RXVKRXOGKDYHLQTXLUHGIRUWKHZRPDQ\RXVKRXOGKDYH
WUDFHGKHU
$QGZKDWGR\RXWKLQN,GLG",IHLJQHGDFULPLQDOSURFHVV
DQGHPSOR\HGDOOWKHPRVWDFXWHEORRGKRXQGVDQGVNLOIXO
DJHQWVLQVHDUFKRIKHU7KH\WUDFHGKHUWR&KDORQVDQG
WKHUHWKH\ORVWKHU
7KH\ORVWKHU"
<HVIRUHYHU0DGDPH'DQJODUVKDGOLVWHQHGWRWKLVUHFLWDO
ZLWKDVLJKDWHDURUDVKULHNIRUHYHU\GHWDLO$QGWKLV
LVDOO"VDLGVKHDQG\RXVWRSSHGWKHUH"
2KQRVDLG9LOOHIRUW,QHYHUFHDVHGWRVHDUFKDQGWR
LQTXLUH+RZHYHUWKHODVWWZRRUWKUHH\HDUV,KDGDOORZHG
P\VHOIVRPHUHVSLWH%XWQRZ,ZLOOEHJLQZLWKPRUH
SHUVHYHUDQFHDQGIXU\WKDQHYHUVLQFHIHDUXUJHVPHQRWP\
FRQVFLHQFH
%XWUHSOLHG0DGDPH'DQJODUVWKH&RXQWRI0RQWH&ULVWR
FDQNQRZQRWKLQJRUKHZRXOGQRWVHHNRXUVRFLHW\DVKH
GRHV
2KWKHZLFNHGQHVVRIPDQLVYHU\JUHDWVDLG9LOOHIRUW
VLQFHLWVXUSDVVHVWKHJRRGQHVVRI*RG'LG\RXREVHUYH
WKDWPDQ
VH\HVZKLOHKHZDVVSHDNLQJWRXV"
1R

854

%XWKDYH\RXHYHUZDWFKHGKLPFDUHIXOO\"
'RXEWOHVVKHLVFDSULFLRXVEXWWKDWLVDOORQHWKLQJ
DORQHVWUXFNPHRIDOOWKHH[TXLVLWHWKLQJVKHSODFHG
EHIRUHXVKHWRXFKHGQRWKLQJ,PLJKWKDYHVXVSHFWHGKHZDV
SRLVRQLQJXV
$QG\RXVHH\RXZRXOGKDYHEHHQGHFHLYHG
<HVGRXEWOHVV
%XWEHOLHYHPHWKDWPDQKDVRWKHUSURMHFWV)RUWKDW
UHDVRQ,ZLVKHGWRVHH\RXWRVSHDNWR\RXWRZDUQ\RX
DJDLQVWHYHU\RQHEXWHVSHFLDOO\DJDLQVWKLP7HOOPH
FULHG9LOOHIRUWIL[LQJKLVH\HVPRUHVWHDGIDVWO\RQKHU
WKDQKHKDGHYHUGRQHEHIRUHGLG\RXHYHUUHYHDOWRDQ\
RQHRXUFRQQHFWLRQ"
1HYHUWRDQ\RQH
<RXXQGHUVWDQGPHUHSOLHG9LOOHIRUWDIIHFWLRQDWHO\
ZKHQ,VD\DQ\RQHSDUGRQP\XUJHQF\WRDQ\RQH
OLYLQJ,PHDQ"
<HV\HV,XQGHUVWDQGYHU\ZHOOHMDFXODWHGWKHEDURQHVV
QHYHU,VZHDUWR\RX
:HUH\RXHYHULQWKHKDELWRIZULWLQJLQWKHHYHQLQJZKDW
KDGWUDQVSLUHGLQWKHPRUQLQJ"'R\RXNHHSDMRXUQDO"
1RP\OLIHKDVEHHQSDVVHGLQIULYROLW\,ZLVKWRIRUJHW
LWP\VHOI
'R\RXWDONLQ\RXUVOHHS"
,VOHHSVRXQGO\OLNHDFKLOGGR\RXQRWUHPHPEHU"7KH
FRORUPRXQWHGWRWKHEDURQHVV
VIDFHDQG9LOOHIRUWWXUQHG
DZIXOO\SDOH
,WLVWUXHVDLGKHLQVRORZDWRQHWKDWKHFRXOGKDUGO\
EHKHDUG
:HOO"VDLGWKHEDURQHVV

855

:HOO,XQGHUVWDQGZKDW,QRZKDYHWRGRUHSOLHG
9LOOHIRUW,QOHVVWKDQRQHZHHNIURPWKLVWLPH,ZLOO
DVFHUWDLQZKRWKLV0GH0RQWH&ULVWRLVZKHQFHKHFRPHV
ZKHUHKHJRHVDQGZK\KHVSHDNVLQRXUSUHVHQFHRIFKLOGUHQ
WKDWKDYHEHHQGLVLQWHUUHGLQDJDUGHQ9LOOHIRUW
SURQRXQFHGWKHVHZRUGVZLWKDQDFFHQWZKLFKZRXOGKDYHPDGH
WKHFRXQWVKXGGHUKDGKHKHDUGKLP7KHQKHSUHVVHGWKHKDQG
WKHEDURQHVVUHOXFWDQWO\JDYHKLPDQGOHGKHUUHVSHFWIXOO\
EDFNWRWKHGRRU0DGDPH'DQJODUVUHWXUQHGLQDQRWKHUFDEWR
WKHSDVVDJHRQWKHRWKHUVLGHRIZKLFKVKHIRXQGKHU
FDUULDJHDQGKHUFRDFKPDQVOHHSLQJSHDFHIXOO\RQKLVER[
ZKLOHZDLWLQJIRUKHU

&KDSWHU
$6XPPHU%DOO
7KHVDPHGD\GXULQJWKHLQWHUYLHZEHWZHHQ0DGDPH'DQJODUV
DQGWKHSURFXUHXUDWUDYHOOLQJFDUULDJHHQWHUHGWKH5XHGX
+HOGHUSDVVHGWKURXJKWKHJDWHZD\RI1RDQGVWRSSHGLQ
WKH\DUG,QDPRPHQWWKHGRRUZDVRSHQHGDQG0DGDPHGH
0RUFHUIDOLJKWHGOHDQLQJRQKHUVRQ
VDUP$OEHUWVRRQOHIW
KHURUGHUHGKLVKRUVHVDQGKDYLQJDUUDQJHGKLVWRLOHW
GURYHWRWKH&KDPSV(O\VHHVWRWKHKRXVHRI0RQWH&ULVWR
7KHFRXQWUHFHLYHGKLPZLWKKLVKDELWXDOVPLOH,WZDVD
VWUDQJHWKLQJWKDWQRRQHHYHUDSSHDUHGWRDGYDQFHDVWHSLQ
WKDWPDQ
VIDYRU7KRVHZKRZRXOGDVLWZHUHIRUFHD
SDVVDJHWRKLVKHDUWIRXQGDQLPSDVVDEOHEDUULHU0RUFHUI
ZKRUDQWRZDUGVKLPZLWKRSHQDUPVZDVFKLOOHGDVKHGUHZ
QHDULQVSLWHRIWKHIULHQGO\VPLOHDQGVLPSO\KHOGRXW
KLVKDQG0RQWH&ULVWRVKRRNLWFROGO\DFFRUGLQJWRKLV
LQYDULDEOHSUDFWLFH+HUH,DPGHDUFRXQW
:HOFRPHKRPHDJDLQ
,DUULYHGDQKRXUVLQFH
)URP'LHSSH"
1RIURP7UHSRUW
,QGHHG"

856

$QG,KDYHFRPHDWRQFHWRVHH\RX
7KDWLVH[WUHPHO\NLQGRI\RXVDLG0RQWH&ULVWRZLWKD
WRQHRISHUIHFWLQGLIIHUHQFH
$QGZKDWLVWKHQHZV"
<RXVKRXOGQRWDVNDVWUDQJHUDIRUHLJQHUIRUQHZV
,NQRZLWEXWLQDVNLQJIRUQHZV,PHDQKDYH\RXGRQH
DQ\WKLQJIRUPH"
+DG\RXFRPPLVVLRQHGPH"VDLG0RQWH&ULVWRIHLJQLQJ
XQHDVLQHVV
&RPHFRPHVDLG$OEHUWGRQRWDVVXPHVRPXFK
LQGLIIHUHQFH,WLVVDLGV\PSDWK\WUDYHOVUDSLGO\DQGZKHQ
DW7UHSRUW,IHOWWKHHOHFWULFVKRFN\RXKDYHHLWKHUEHHQ
ZRUNLQJIRUPHRUWKLQNLQJRIPH
3RVVLEO\VDLG0RQWH&ULVWR,KDYHLQGHHGWKRXJKWRI
\RXEXWWKHPDJQHWLFZLUH,ZDVJXLGLQJDFWHGLQGHHG
ZLWKRXWP\NQRZOHGJH
,QGHHG"3UD\WHOOPHKRZLWKDSSHQHG"
:LOOLQJO\0'DQJODUVGLQHGZLWKPH
,NQRZLWWRDYRLGPHHWLQJKLPP\PRWKHUDQG,OHIW
WRZQ
%XWKHPHWKHUH0$QGUHD&DYDOFDQWL
<RXU,WDOLDQSULQFH"
1RWVRIDVW0$QGUHDRQO\FDOOVKLPVHOIFRXQW
&DOOVKLPVHOIGR\RXVD\"
<HVFDOOVKLPVHOI
,VKHQRWDFRXQW"
:KDWFDQ,NQRZRIKLP"+HFDOOVKLPVHOIVR,RIFRXUVH

857

JLYHKLPWKHVDPHWLWOHDQGHYHU\RQHHOVHGRHVOLNHZLVH
:KDWDVWUDQJHPDQ\RXDUH:KDWQH[W"<RXVD\0'DQJODUV
GLQHGKHUH"
<HVZLWK&RXQW&DYDOFDQWLWKHPDUTXLVKLVIDWKHU0DGDPH
'DQJODUV0DQG0DGDPHGH9LOOHIRUWFKDUPLQJSHRSOH
0'HEUD\0D[LPLOLDQ0RUUHODQG0GH&KDWHDX5HQDXG
'LGWKH\VSHDNRIPH"
1RWDZRUG
6RPXFKWKHZRUVH
:K\VR",WKRXJKW\RXZLVKHGWKHPWRIRUJHW\RX"
,IWKH\GLGQRWVSHDNRIPH,DPVXUHWKH\WKRXJKWDERXW
PHDQG,DPLQGHVSDLU
+RZZLOOWKDWDIIHFW\RXVLQFH0DGHPRLVHOOH'DQJODUVZDV
QRWDPRQJWKHQXPEHUKHUHZKRWKRXJKWRI\RX"7UXO\VKH
PLJKWKDYHWKRXJKWRI\RXDWKRPH
,KDYHQRIHDURIWKDWRULIVKHGLGLWZDVRQO\LQWKH
VDPHZD\LQZKLFK,WKLQNRIKHU
7RXFKLQJV\PSDWK\6R\RXKDWHHDFKRWKHU"VDLGWKHFRXQW
/LVWHQVDLG0RUFHUILI0DGHPRLVHOOH'DQJODUVZHUH
GLVSRVHGWRWDNHSLW\RQP\VXSSRVHGPDUW\UGRPRQKHU
DFFRXQWDQGZRXOGGLVSHQVHZLWKDOOPDWULPRQLDOIRUPDOLWLHV
EHWZHHQRXUWZRIDPLOLHV,DPUHDG\WRDJUHHWRWKH
DUUDQJHPHQW,QDZRUG0DGHPRLVHOOH'DQJODUVZRXOGPDNHD
FKDUPLQJPLVWUHVVEXWDZLIHGLDEOH
$QGWKLVVDLG0RQWH&ULVWRLV\RXURSLQLRQRI\RXU
LQWHQGHGVSRXVH"
<HVLWLVUDWKHUXQNLQG,DFNQRZOHGJHEXWLWLVWUXH
%XWDVWKLVGUHDPFDQQRWEHUHDOL]HGVLQFH0DGHPRLVHOOH
'DQJODUVPXVWEHFRPHP\ODZIXOZLIHOLYHSHUSHWXDOO\ZLWK
PHVLQJWRPHFRPSRVHYHUVHVDQGPXVLFZLWKLQWHQSDFHVRI
PHDQGWKDWIRUP\ZKROHOLIHLWIULJKWHQVPH2QHPD\

858

IRUVDNHDPLVWUHVVEXWDZLIHJRRGKHDYHQV7KHUHVKH
PXVWDOZD\VEHDQGWRPDUU\0DGHPRLVHOOH'DQJODUVZRXOGEH
DZIXO
<RXDUHGLIILFXOWWRSOHDVHYLVFRXQW
<HVIRU,RIWHQZLVKIRUZKDWLVLPSRVVLEOH
:KDWLVWKDW"
7RILQGVXFKDZLIHDVP\IDWKHUIRXQG0RQWH&ULVWR
WXUQHGSDOHDQGORRNHGDW$OEHUWZKLOHSOD\LQJZLWKVRPH
PDJQLILFHQWSLVWROV
<RXUIDWKHUZDVIRUWXQDWHWKHQ"VDLGKH
<RXNQRZP\RSLQLRQRIP\PRWKHUFRXQWORRNDWKHU
VWLOOEHDXWLIXOZLWW\PRUHFKDUPLQJWKDQHYHU)RUDQ\
RWKHUVRQWRKDYHVWD\HGZLWKKLVPRWKHUIRUIRXUGD\VDW
7UHSRUWLWZRXOGKDYHEHHQDFRQGHVFHQVLRQRUDPDUW\UGRP
ZKLOH,UHWXUQPRUHFRQWHQWHGPRUHSHDFHIXOVKDOO,VD\
PRUHSRHWLFWKDQLI,KDGWDNHQ4XHHQ0DERU7LWDQLDDV
P\FRPSDQLRQ
7KDWLVDQRYHUZKHOPLQJGHPRQVWUDWLRQDQG\RXZRXOGPDNH
HYHU\RQHYRZWROLYHDVLQJOHOLIH
6XFKDUHP\UHDVRQVIRUQRWOLNLQJWRPDUU\0DGHPRLVHOOH
'DQJODUV+DYH\RXHYHUQRWLFHGKRZPXFKDWKLQJLV
KHLJKWHQHGLQYDOXHZKHQZHREWDLQSRVVHVVLRQRILW"7KH
GLDPRQGZKLFKJOLWWHUHGLQWKHZLQGRZDW0DUOH
VRU)RVVLQ
V
VKLQHVZLWKPRUHVSOHQGRUZKHQLWLVRXURZQEXWLIZHDUH
FRPSHOOHGWRDFNQRZOHGJHWKHVXSHULRULW\RIDQRWKHUDQG
VWLOOPXVWUHWDLQWKHRQHWKDWLVLQIHULRUGR\RXQRWNQRZ
ZKDWZHKDYHWRHQGXUH"
:RUOGOLQJPXUPXUHGWKHFRXQW
7KXV,VKDOOUHMRLFHZKHQ0DGHPRLVHOOH(XJHQLHSHUFHLYHV,
DPEXWDSLWLIXODWRPZLWKVFDUFHO\DVPDQ\KXQGUHG
WKRXVDQGIUDQFVDVVKHKDVPLOOLRQV0RQWH&ULVWRVPLOHG
2QHSODQRFFXUUHGWRPHFRQWLQXHG$OEHUW)UDQ]OLNHV
DOOWKDWLVHFFHQWULF,WULHGWRPDNHKLPIDOOLQORYHZLWK
0DGHPRLVHOOH'DQJODUVEXWLQVSLWHRIIRXUOHWWHUVZULWWHQ

859

LQWKHPRVWDOOXULQJVW\OHKHLQYDULDEO\DQVZHUHGC0\
HFFHQWULFLW\PD\EHJUHDWEXWLWZLOOQRWPDNHPHEUHDNP\
SURPLVH

7KDWLVZKDW,FDOOGHYRWHGIULHQGVKLSWRUHFRPPHQGWR
DQRWKHURQHZKRP\RXZRXOGQRWPDUU\\RXUVHOI$OEHUW
VPLOHG$SURSRVFRQWLQXHGKH)UDQ]LVFRPLQJVRRQ
EXWLWZLOOQRWLQWHUHVW\RX\RXGLVOLNHKLP,WKLQN"
,"VDLG0RQWH&ULVWRP\GHDU9LVFRXQWKRZKDYH\RX
GLVFRYHUHGWKDW,GLGQRWOLNH0)UDQ],OLNHHYHU\RQH
$QG\RXLQFOXGHPHLQWKHH[SUHVVLRQHYHU\RQHPDQ\
WKDQNV
/HWXVQRWPLVWDNHVDLG0RQWH&ULVWR,ORYHHYHU\RQH
DV*RGFRPPDQGVXVWRORYHRXUQHLJKERUDV&KULVWLDQVEXW
,WKRURXJKO\KDWHEXWDIHZ/HWXVUHWXUQWR0)UDQ]
G
(SLQD\'LG\RXVD\KHZDVFRPLQJ"
<HVVXPPRQHGE\0GH9LOOHIRUWZKRLVDSSDUHQWO\DV
DQ[LRXVWRJHW0DGHPRLVHOOH9DOHQWLQHPDUULHGDV0'DQJODUV
LVWRVHH0DGHPRLVHOOH(XJHQLHVHWWOHG,WPXVWEHDYHU\
LUNVRPHRIILFHWREHWKHIDWKHURIDJURZQXSGDXJKWHULW
VHHPVWRPDNHRQHIHYHULVKDQGWRUDLVHRQH
VSXOVHWR
QLQHW\EHDWVDPLQXWHXQWLOWKHGHHGLVGRQH
%XW0G
(SLQD\XQOLNH\RXEHDUVKLVPLVIRUWXQH
SDWLHQWO\
6WLOOPRUHKHWDONVVHULRXVO\DERXWWKHPDWWHUSXWVRQD
ZKLWHWLHDQGVSHDNVRIKLVIDPLO\+HHQWHUWDLQVDYHU\
KLJKRSLQLRQRI0DQG0DGDPHGH9LOOHIRUW
:KLFKWKH\GHVHUYHGRWKH\QRW"
,EHOLHYHWKH\GR0GH9LOOHIRUWKDVDOZD\VSDVVHGIRUD
VHYHUHEXWDMXVWPDQ
7KHUHLVWKHQRQHVDLG0RQWH&ULVWRZKRP\RXGRQRW
FRQGHPQOLNHSRRU'DQJODUV"
%HFDXVH,DPQRWFRPSHOOHGWRPDUU\KLVGDXJKWHUSHUKDSV
UHSOLHG$OEHUWODXJKLQJ

860

,QGHHGP\GHDUVLUVDLG0RQWH&ULVWR\RXDUH
UHYROWLQJO\IRSSLVK
,IRSSLVK"KRZGR\RXPHDQ"
<HVSUD\WDNHDFLJDUDQGFHDVHWRGHIHQG\RXUVHOIDQG
WRVWUXJJOHWRHVFDSHPDUU\LQJ0DGHPRLVHOOH'DQJODUV/HW
WKLQJVWDNHWKHLUFRXUVHSHUKDSV\RXPD\QRWKDYHWR
UHWUDFW
%DKVDLG$OEHUWVWDULQJ
'RXEWOHVVP\GHDUYLVFRXQW\RXZLOOQRWEHWDNHQE\
IRUFHDQGVHULRXVO\GR\RXZLVKWREUHDNRII\RXU
HQJDJHPHQW"
,ZRXOGJLYHDKXQGUHGWKRXVDQGIUDQFVWREHDEOHWRGR
VR
7KHQPDNH\RXUVHOITXLWHHDV\0'DQJODUVZRXOGJLYH
GRXEOHWKDWVXPWRDWWDLQWKHVDPHHQG
$P,LQGHHGVRKDSS\"VDLG$OEHUWZKRVWLOOFRXOGQRW
SUHYHQWDQDOPRVWLPSHUFHSWLEOHFORXGSDVVLQJDFURVVKLV
EURZ%XWP\GHDUFRXQWKDV0'DQJODUVDQ\UHDVRQ"
$KWKHUHLV\RXUSURXGDQGVHOILVKQDWXUH<RXZRXOG
H[SRVHWKHVHOIORYHRIDQRWKHUZLWKDKDWFKHWEXW\RX
VKULQNLI\RXURZQLVDWWDFNHGZLWKDQHHGOH
%XW\HW0'DQJODUVDSSHDUHG
'HOLJKWHGZLWK\RXZDVKHQRW":HOOKHLVDPDQRIEDG
WDVWHDQGLVVWLOOPRUHHQFKDQWHGZLWKDQRWKHU,NQRZQRW
ZKRPORRNDQGMXGJHIRU\RXUVHOI
7KDQN\RX,XQGHUVWDQG%XWP\PRWKHUQRQRWP\
PRWKHU,PLVWDNHP\IDWKHULQWHQGVJLYLQJDEDOO
$EDOODWWKLVVHDVRQ"
6XPPHUEDOOVDUHIDVKLRQDEOH

861

,IWKH\ZHUHQRWWKHFRXQWHVVKDVRQO\WRZLVKLWDQG
WKH\ZRXOGEHFRPHVR
<RXDUHULJKW<RXNQRZWKH\DUHVHOHFWDIIDLUVWKRVHZKR
UHPDLQLQ3DULVLQ-XO\PXVWEHWUXH3DULVLDQV:LOO\RX
WDNHFKDUJHRIRXULQYLWDWLRQWR0HVVLHXUV&DYDOFDQWL"
:KHQZLOOLWWDNHSODFH"
2Q6DWXUGD\
0&DYDOFDQWL
VIDWKHUZLOOEHJRQH
%XWWKHVRQZLOOEHKHUHZLOO\RXLQYLWH\RXQJ0
&DYDOFDQWL"
,GRQRWNQRZKLPYLVFRXQW
<RXGRQRWNQRZKLP"
1R,QHYHUVDZKLPXQWLODIHZGD\VVLQFHDQGDPQRW
UHVSRQVLEOHIRUKLP
%XW\RXUHFHLYHKLPDW\RXUKRXVH"
7KDWLVDQRWKHUWKLQJKHZDVUHFRPPHQGHGWRPHE\DJRRG
DEEHZKRPD\EHGHFHLYHG*LYHKLPDGLUHFWLQYLWDWLRQEXW
GRQRWDVNPHWRSUHVHQWKLP,IKHZHUHDIWHUZDUGVWRPDUU\
0DGHPRLVHOOH'DQJODUV\RXZRXOGDFFXVHPHRILQWULJXHDQG
ZRXOGEHFKDOOHQJLQJPHEHVLGHV,PD\QRWEHWKHUH
P\VHOI
:KHUH"
$W\RXUEDOO
:K\VKRXOG\RXQRWEHWKHUH"
%HFDXVH\RXKDYHQRW\HWLQYLWHGPH
%XW,FRPHH[SUHVVO\IRUWKDWSXUSRVH
<RXDUHYHU\NLQGEXW,PD\EHSUHYHQWHG

862

,I,WHOO\RXRQHWKLQJ\RXZLOOEHVRDPLDEOHDVWRVHW
DVLGHDOOLPSHGLPHQWV
7HOOPHZKDWLWLV
0\PRWKHUEHJV\RXWRFRPH
7KH&RPWHVVHGH0RUFHUI"VDLG0RQWH&ULVWRVWDUWLQJ
$KFRXQWVDLG$OEHUW,DVVXUH\RX0DGDPHGH0RUFHUI
VSHDNVIUHHO\WRPHDQGLI\RXKDYHQRWIHOWWKRVH
V\PSDWKHWLFILEUHVRIZKLFK,VSRNHMXVWQRZWKULOOZLWKLQ
\RX\RXPXVWEHHQWLUHO\GHYRLGRIWKHPIRUGXULQJWKH
ODVWIRXUGD\VZHKDYHVSRNHQRIQRRQHHOVH
<RXKDYHWDONHGRIPH"
<HVWKDWLVWKHSHQDOW\RIEHLQJDOLYLQJSX]]OH
7KHQ,DPDOVRDSX]]OHWR\RXUPRWKHU",VKRXOGKDYH
WKRXJKWKHUWRRUHDVRQDEOHWREHOHGE\LPDJLQDWLRQ
$SUREOHPP\GHDUFRXQWIRUHYHU\RQHIRUP\PRWKHUDV
ZHOODVRWKHUVPXFKVWXGLHGEXWQRWVROYHG\RXVWLOO
UHPDLQDQHQLJPDGRQRWIHDU0\PRWKHULVRQO\DVWRQLVKHG
WKDW\RXUHPDLQVRORQJXQVROYHG,EHOLHYHZKLOHWKH
&RXQWHVV*WDNHV\RXIRU/RUG5XWKYHQP\PRWKHU
LPDJLQHV\RXWREH&DJOLRVWURRUWKH&RXQW6DLQW*HUPDLQ
7KHILUVWRSSRUWXQLW\\RXKDYHFRQILUPKHULQKHURSLQLRQ
LWZLOOEHHDV\IRU\RXDV\RXKDYHWKHSKLORVRSK\RIWKH
RQHDQGWKHZLWRIWKHRWKHU
,WKDQN\RXIRUWKHZDUQLQJVDLGWKHFRXQW,VKDOO
HQGHDYRUWREHSUHSDUHGIRUDOOVXSSRVLWLRQV
<RXZLOOWKHQFRPHRQ6DWXUGD\"
<HVVLQFH0DGDPHGH0RUFHUILQYLWHVPH
<RXDUHYHU\NLQG
:LOO0'DQJODUVEHWKHUH"
+HKDVDOUHDG\EHHQLQYLWHGE\P\IDWKHU:HVKDOOWU\WR

863

SHUVXDGHWKHJUHDWG
$JXHVVHDX 0GH9LOOHIRUWWRFRPH
EXWKDYHQRWPXFKKRSHRIVHHLQJKLP
C1HYHUGHVSDLURIDQ\WKLQJ
VD\VWKHSURYHUE
0DJLVWUDWHDQGRUDWRURIJUHDWHORTXHQFHFKDQFHOORURI
)UDQFHXQGHU/RXLV;9
'R\RXGDQFHFRXQW"
,GDQFH"
<HV\RXLWZRXOGQRWEHDVWRQLVKLQJ
7KDWLVYHU\ZHOOEHIRUHRQHLVRYHUIRUW\1R,GRQRW
GDQFHEXW,OLNHWRVHHRWKHUVGRVR'RHV0DGDPHGH
0RUFHUIGDQFH"
1HYHU\RXFDQWDONWRKHUVKHVRGHOLJKWVLQ\RXU
FRQYHUVDWLRQ
,QGHHG"
<HVWUXO\DQG,DVVXUH\RX<RXDUHWKHRQO\PDQRIZKRP
,KDYHKHDUGKHUVSHDNZLWKLQWHUHVW$OEHUWURVHDQGWRRN
KLVKDWWKHFRXQWFRQGXFWHGKLPWRWKHGRRU,KDYHRQH
WKLQJWRUHSURDFKP\VHOIZLWKVDLGKHVWRSSLQJ$OEHUWRQ
WKHVWHSV:KDWLVLW"
,KDYHVSRNHQWR\RXLQGLVFUHHWO\DERXW'DQJODUV
2QWKHFRQWUDU\VSHDNWRPHDOZD\VLQWKHVDPHVWUDLQ
DERXWKLP
,DPJODGWREHUHDVVXUHGRQWKDWSRLQW$SURSRVZKHQGR
\RXDVSHFW0G
(SLQD\"
)LYHRUVL[GD\VKHQFHDWWKHODWHVW
$QGZKHQLVKHWREHPDUULHG"
,PPHGLDWHO\RQWKHDUULYDORI0DQG0DGDPHGH
6DLQW0HUDQ

864

%ULQJKLPWRVHHPH$OWKRXJK\RXVD\,GRQRWOLNHKLP,
DVVXUH\RX,VKDOOEHKDSS\WRVHHKLP
,ZLOOREH\\RXURUGHUVP\ORUG
*RRGE\
8QWLO6DWXUGD\ZKHQ,PD\H[SHFW\RXPD\,QRW"
<HV,SURPLVHG\RX7KH&RXQWZDWFKHG$OEHUWZDYLQJKLV
KDQGWRKLP:KHQKHKDGPRXQWHGKLVSKDHWRQ0RQWH&ULVWR
WXUQHGDQGVHHLQJ%HUWXFFLR:KDWQHZV"VDLGKH6KH
ZHQWWRWKH3DODLVUHSOLHGWKHVWHZDUG
'LGVKHVWD\ORQJWKHUH"
$QKRXUDQGDKDOI
'LGVKHUHWXUQKRPH"
'LUHFWO\
:HOOP\GHDU%HUWXFFLRVDLGWKHFRXQW,QRZDGYLVH\RX
WRJRLQTXHVWRIWKHOLWWOHHVWDWH,VSRNHWR\RXRILQ
1RUPDQG\%HUWXFFLRERZHGDQGDVKLVZLVKHVZHUHLQ
SHUIHFWKDUPRQ\ZLWKWKHRUGHUKHKDGUHFHLYHGKHVWDUWHG
WKHVDPHHYHQLQJ

&KDSWHU
7KH,QTXLU\
0GH9LOOHIRUWNHSWWKHSURPLVHKHKDGPDGHWR0DGDPH
'DQJODUVWRHQGHDYRUWRILQGRXWKRZWKH&RXQWRI0RQWH
&ULVWRKDGGLVFRYHUHGWKHKLVWRU\RIWKHKRXVHDW$XWHXLO
+HZURWHWKHVDPHGD\IRUWKHUHTXLUHGLQIRUPDWLRQWR0GH
%RYLOOHZKRIURPKDYLQJEHHQDQLQVSHFWRURISULVRQVZDV
SURPRWHGWRDKLJKRIILFHLQWKHSROLFHDQGWKHODWWHU
EHJJHGIRUWZRGD\VWLPHWRDVFHUWDLQH[DFWO\ZKRZRXOGEH
PRVWOLNHO\WRJLYHKLPIXOOSDUWLFXODUV$WWKHHQGRIWKH
VHFRQGGD\0GH9LOOHIRUWUHFHLYHGWKHIROORZLQJQRWH
7KHSHUVRQFDOOHGWKH&RXQWRI0RQWH&ULVWRLVDQLQWLPDWH

865

DFTXDLQWDQFHRI/RUG:LOPRUHDULFKIRUHLJQHUZKRLV
VRPHWLPHVVHHQLQ3DULVDQGZKRLVWKHUHDWWKLVPRPHQWKH
LVDOVRNQRZQWRWKH$EEH%XVRQLD6LFLOLDQSULHVWRIKLJK
UHSXWHLQWKH(DVWZKHUHKHKDVGRQHPXFKJRRG
0GH9LOOHIRUWUHSOLHGE\RUGHULQJWKHVWULFWHVWLQTXLULHV
WREHPDGHUHVSHFWLQJWKHVHWZRSHUVRQVKLVRUGHUVZHUH
H[HFXWHGDQGWKHIROORZLQJHYHQLQJKHUHFHLYHGWKHVH
GHWDLOV
7KHDEEHZKRZDVLQ3DULVRQO\IRUDPRQWKLQKDELWHGD
VPDOOWZRVWRULHGKRXVHEHKLQG6DLQW6XOSLFHWKHUHZHUHWZR
URRPVRQHDFKIORRUDQGKHZDVWKHRQO\WHQDQW7KHWZR
ORZHUURRPVFRQVLVWHGRIDGLQLQJURRPZLWKDWDEOH
FKDLUVDQGVLGHERDUGRIZDOQXWDQGDZDLQVFRWHG
SDUORUZLWKRXWRUQDPHQWVFDUSHWRUWLPHSLHFH,WZDV
HYLGHQWWKDWWKHDEEHOLPLWHGKLPVHOIWRREMHFWVRIVWULFW
QHFHVVLW\+HSUHIHUUHGWRXVHWKHVLWWLQJURRPXSVWDLUV
ZKLFKZDVPRUHOLEUDU\WKDQSDUORUDQGZDVIXUQLVKHGZLWK
WKHRORJLFDOERRNVDQGSDUFKPHQWVLQZKLFKKHGHOLJKWHGWR
EXU\KLPVHOIIRUPRQWKVDWDWLPHDFFRUGLQJWRKLVYDOHWGH
FKDPEUH+LVYDOHWORRNHGDWWKHYLVLWRUVWKURXJKDVRUWRI
ZLFNHWDQGLIWKHLUIDFHVZHUHXQNQRZQWRKLPRUGLVSOHDVHG
KLPKHUHSOLHGWKDWWKHDEEHZDVQRWLQ3DULVDQDQVZHU
ZKLFKVDWLVILHGPRVWSHUVRQVEHFDXVHWKHDEEHZDVNQRZQWR
EHDJUHDWWUDYHOOHU%HVLGHVZKHWKHUDWKRPHRUQRW
ZKHWKHULQ3DULVRU&DLURWKHDEEHDOZD\VOHIWVRPHWKLQJWR
JLYHDZD\ZKLFKWKHYDOHWGLVWULEXWHGWKURXJKWKLVZLFNHW
LQKLVPDVWHU
VQDPH7KHRWKHUURRPQHDUWKHOLEUDU\ZDVD
EHGURRP$EHGZLWKRXWFXUWDLQVIRXUDUPFKDLUVDQGD
FRXFKFRYHUHGZLWK\HOORZ8WUHFKWYHOYHWFRPSRVHGZLWKD
SULH'LHXDOOLWVIXUQLWXUH/RUG:LOPRUHUHVLGHGLQ5XH
)RQWDLQH6DLQW*HRUJH+HZDVRQHRIWKRVH(QJOLVKWRXULVWV
ZKRFRQVXPHDODUJHIRUWXQHLQWUDYHOOLQJ+HKLUHGWKH
DSDUWPHQWLQZKLFKKHOLYHGIXUQLVKHGSDVVHGRQO\DIHZ
KRXUVLQWKHGD\WKHUHDQGUDUHO\VOHSWWKHUH2QHRIKLV
SHFXOLDULWLHVZDVQHYHUWRVSHDNDZRUGRI)UHQFKZKLFKKH
KRZHYHUZURWHZLWKJUHDWIDFLOLW\
7KHGD\DIWHUWKLVLPSRUWDQWLQIRUPDWLRQKDGEHHQJLYHQWR
WKHNLQJ
VDWWRUQH\DPDQDOLJKWHGIURPDFDUULDJHDWWKH
FRUQHURIWKH5XH)HURXDQGUDSSLQJDWDQROLYHJUHHQGRRU
DVNHGLIWKH$EEH%XVRQLZHUHZLWKLQ1RKHZHQWRXWHDUO\
WKLVPRUQLQJUHSOLHGWKHYDOHW

866

,PLJKWQRWDOZD\VEHFRQWHQWZLWKWKDWDQVZHUUHSOLHG
WKHYLVLWRUIRU,FRPHIURPRQHWRZKRPHYHU\RQHPXVWEH
DWKRPH%XWKDYHWKHNLQGQHVVWRJLYHWKH$EEH%XVRQL
,WROG\RXKHZDVQRWDWKRPHUHSHDWHGWKHYDOHW7KHQ
RQKLVUHWXUQJLYHKLPWKDWFDUGDQGWKLVVHDOHGSDSHU:LOO
KHEHDWKRPHDWHLJKWR
FORFNWKLVHYHQLQJ"
'RXEWOHVVXQOHVVKHLVDWZRUNZKLFKLVWKHVDPHDVLIKH
ZHUHRXW
,ZLOOFRPHDJDLQDWWKDWWLPHUHSOLHGWKHYLVLWRUZKR
WKHQUHWLUHG
$WWKHDSSRLQWHGKRXUWKHVDPHPDQUHWXUQHGLQWKHVDPH
FDUULDJHZKLFKLQVWHDGRIVWRSSLQJWKLVWLPHDWWKHHQGRI
WKH5XH)HURXGURYHXSWRWKHJUHHQGRRU+HNQRFNHGDQG
LWRSHQHGLPPHGLDWHO\WRDGPLWKLP)URPWKHVLJQVRI
UHVSHFWWKHYDOHWSDLGKLPKHVDZWKDWKLVQRWHKDG
SURGXFHGDJRRGHIIHFW,VWKHDEEHDWKRPH"DVNHGKH
<HVKHLVDWZRUNLQKLVOLEUDU\EXWKHH[SHFWV\RX
VLUUHSOLHGWKHYDOHW7KHVWUDQJHUDVFHQGHGDURXJK
VWDLUFDVHDQGEHIRUHDWDEOHLOOXPLQHGE\DODPSZKRVH
OLJKWZDVFRQFHQWUDWHGE\DODUJHVKDGHZKLOHWKHUHVWRI
WKHDSDUWPHQWZDVLQSDUWLDOGDUNQHVVKHSHUFHLYHGWKHDEEH
LQDPRQN
VGUHVVZLWKDFRZORQKLVKHDGVXFKDVZDVXVHG
E\OHDUQHGPHQRIWKH0LGGOH$JHV+DYH,WKHKRQRURI
DGGUHVVLQJWKH$EEH%XVRQL"DVNHGWKHYLVLWRU
<HVVLUUHSOLHGWKHDEEHDQG\RXDUHWKHSHUVRQZKRP
0GH%RYLOOHIRUPHUO\DQLQVSHFWRURISULVRQVVHQGVWRPH
IURPWKHSUHIHFWRISROLFH"
([DFWO\VLU
2QHRIWKHDJHQWVDSSRLQWHGWRVHFXUHWKHVDIHW\RI3DULV"
<HVVLUUHSOLHGWKHVWUDQJHUZLWKDVOLJKWKHVLWDWLRQ
DQGEOXVKLQJ
7KHDEEHUHSODFHGWKHODUJHVSHFWDFOHVZKLFKFRYHUHGQRW
RQO\KLVH\HVEXWKLVWHPSOHVDQGVLWWLQJGRZQPRWLRQHGWR

867

KLVYLVLWRUWRGRWKHVDPH,DPDW\RXUVHUYLFHVLU
VDLGWKHDEEHZLWKDPDUNHG,WDOLDQDFFHQW
7KHPLVVLRQZLWKZKLFK,DPFKDUJHGVLUUHSOLHGWKH
YLVLWRUVSHDNLQJZLWKKHVLWDWLRQLVDFRQILGHQWLDORQHRQ
WKHSDUWRIKLPZKRIXOILOVLWDQGKLPE\ZKRPKHLV
HPSOR\HG7KHDEEHERZHG<RXUSURELW\UHSOLHGWKH
VWUDQJHULVVRZHOONQRZQWRWKHSUHIHFWWKDWKHZLVKHVDV
DPDJLVWUDWHWRDVFHUWDLQIURP\RXVRPHSDUWLFXODUV
FRQQHFWHGZLWKWKHSXEOLFVDIHW\WRDVFHUWDLQZKLFK,DP
GHSXWHGWRVHH\RX,WLVKRSHGWKDWQRWLHVRIIULHQGVKLS
RUKXPDQHFRQVLGHUDWLRQZLOOLQGXFH\RXWRFRQFHDOWKH
WUXWK
3URYLGHGVLUWKHSDUWLFXODUV\RXZLVKIRUGRQRW
LQWHUIHUHZLWKP\VFUXSOHVRUP\FRQVFLHQFH,DPDSULHVW
VLUDQGWKHVHFUHWVRIFRQIHVVLRQIRULQVWDQFHPXVW
UHPDLQEHWZHHQPHDQG*RGDQGQRWEHWZHHQPHDQGKXPDQ
MXVWLFH
'RQRWDODUP\RXUVHOIPRQVLHXUZHZLOOGXO\UHVSHFW\RXU
FRQVFLHQFH
$WWKLVPRPHQWWKHDEEHSUHVVHGGRZQKLVVLGHRIWKHVKDGH
DQGVRUDLVHGLWRQWKHRWKHUWKURZLQJDEULJKWOLJKWRQ
WKHVWUDQJHU
VIDFHZKLOHKLVRZQUHPDLQHGREVFXUHG
([FXVHPHDEEHVDLGWKHHQYR\RIWKHSUHIHFWRIWKH
SROLFHEXWWKHOLJKWWULHVP\H\HVYHU\PXFK7KHDEEH
ORZHUHGWKHVKDGH1RZVLU,DPOLVWHQLQJJRRQ
,ZLOOFRPHDWRQFHWRWKHSRLQW'R\RXNQRZWKH&RXQWRI
0RQWH&ULVWR"
<RXPHDQ0RQVLHXU=DFFRQH,SUHVXPH"
=DFFRQH"LVQRWKLVQDPH0RQWH&ULVWR"
0RQWH&ULVWRLVWKHQDPHRIDQHVWDWHRUUDWKHURID
URFNDQGQRWDIDPLO\QDPH
:HOOEHLWVROHWXVQRWGLVSXWHDERXWZRUGVDQGVLQFH
0GH0RQWH&ULVWRDQG0=DFFRQHDUHWKHVDPH
$EVROXWHO\WKHVDPH

868

/HWXVVSHDNRI0=DFFRQH
$JUHHG
,DVNHG\RXLI\RXNQHZKLP"
([WUHPHO\ZHOO
:KRLVKH"
7KHVRQRIDULFKVKLSEXLOGHULQ0DOWD
,NQRZWKDWLVWKHUHSRUWEXWDV\RXDUHDZDUHWKH
SROLFHGRHVQRWFRQWHQWLWVHOIZLWKYDJXHUHSRUWV
+RZHYHUUHSOLHGWKHDEEHZLWKDQDIIDEOHVPLOHZKHQ
WKDWUHSRUWLVLQDFFRUGDQFHZLWKWKHWUXWKHYHU\ERG\PXVW
EHOLHYHLWWKHSROLFHDVZHOODVDOOWKHUHVW
$UH\RXVXUHRIZKDW\RXDVVHUW"
:KDWGR\RXPHDQE\WKDWTXHVWLRQ"
8QGHUVWDQGVLU,GRQRWLQWKHOHDVWVXVSHFW\RXU
YHUDFLW\,DVNLI\RXDUHFHUWDLQRILW"
,NQHZKLVIDWKHU0=DFFRQH
$KLQGHHG"
$QGZKHQDFKLOG,RIWHQSOD\HGZLWKWKHVRQLQWKH
WLPEHU\DUGV
%XWZKHQFHGRHVKHGHULYHWKHWLWOHRIFRXQW"
<RXDUHDZDUHWKDWPD\EHERXJKW
,Q,WDO\"
(YHU\ZKHUH
$QGKLVLPPHQVHULFKHVZKHQFHGRHVKHSURFXUHWKHP"

869

7KH\PD\QRWEHVRYHU\JUHDW
+RZPXFKGR\RXVXSSRVHKHSRVVHVVHV"
)URPRQHKXQGUHGDQGILIW\WRWZRKXQGUHGWKRXVDQGOLYUHV
SHUDQQXP
7KDWLVUHDVRQDEOHVDLGWKHYLVLWRU,KDYHKHDUGKHKDG
WKUHHRUIRXUPLOOLRQV
7ZRKXQGUHGWKRXVDQGSHUDQQXPZRXOGPDNHIRXUPLOOLRQVRI
FDSLWDO
%XW,ZDVWROGKHKDGIRXUPLOOLRQVSHUDQQXP"
7KDWLVQRWSUREDEOH
'R\RXNQRZWKLV,VODQGRI0RQWH&ULVWR"
&HUWDLQO\HYHU\RQHZKRKDVFRPHIURP3DOHUPR1DSOHVRU
5RPHWR)UDQFHE\VHDPXVWNQRZLWVLQFHKHKDVSDVVHG
FORVHWRLWDQGPXVWKDYHVHHQLW
,DPWROGLWLVDGHOLJKWIXOSODFH"
,WLVDURFN
$QGZK\KDVWKHFRXQWERXJKWDURFN"
)RUWKHVDNHRIEHLQJDFRXQW,Q,WDO\RQHPXVWKDYH
WHUULWRULDOSRVVHVVLRQVWREHDFRXQW
<RXKDYHGRXEWOHVVKHDUGWKHDGYHQWXUHVRI0=DFFRQH
V
\RXWK"
7KHIDWKHU
V"
1RWKHVRQ
V
,NQRZQRWKLQJFHUWDLQDWWKDWSHULRGRIKLVOLIH,ORVW
VLJKWRIP\\RXQJFRPUDGH
:DVKHLQWKHZDUV"

870

,WKLQNKHHQWHUHGWKHVHUYLFH
,QZKDWEUDQFK"
,QWKHQDY\
$UH\RXQRWKLVFRQIHVVRU"
1RVLU,EHOLHYHKHLVD/XWKHUDQ
$/XWKHUDQ"
,VD\,EHOLHYHVXFKLVWKHFDVH,GRQRWDIILUPLW
EHVLGHVOLEHUW\RIFRQVFLHQFHLVHVWDEOLVKHGLQ)UDQFH
'RXEWOHVVDQGZHDUHQRWQRZLQTXLULQJLQWRKLVFUHHGEXW
KLVDFWLRQVLQWKHQDPHRIWKHSUHIHFWRISROLFH,DVN\RX
ZKDW\RXNQRZRIKLP
+HSDVVHVIRUDYHU\FKDULWDEOHPDQ2XUKRO\IDWKHUWKH
SRSHKDVPDGHKLPDNQLJKWRI-HVXV&KULVWIRUWKHVHUYLFHV
KHUHQGHUHGWRWKH&KULVWLDQVLQWKH(DVWKHKDVILYHRU
VL[ULQJVDVWHVWLPRQLDOVIURP(DVWHUQPRQDUFKVRIKLV
VHUYLFHV
'RHVKHZHDUWKHP"
1REXWKHLVSURXGRIWKHPKHLVEHWWHUSOHDVHGZLWK
UHZDUGVJLYHQWRWKHEHQHIDFWRUVRIPDQWKDQWRKLV
GHVWUR\HUV
+HLVD4XDNHUWKHQ"
([DFWO\KHLVD4XDNHUZLWKWKHH[FHSWLRQRIWKHSHFXOLDU
GUHVV
+DVKHDQ\IULHQGV"
<HVHYHU\RQHZKRNQRZVKLPLVKLVIULHQG
%XWKDVKHDQ\HQHPLHV"
2QHRQO\

871

:KDWLVKLVQDPH"
/RUG:LOPRUH
:KHUHLVKH"
+HLVLQ3DULVMXVWQRZ
&DQKHJLYHPHDQ\SDUWLFXODUV"
,PSRUWDQWRQHVKHZDVLQ,QGLDZLWK=DFFRQH
'R\RXNQRZKLVDERGH"
,W
VVRPHZKHUHLQWKH&KDXVVHHG
$QWLQEXW,NQRZQHLWKHU
WKHVWUHHWQRUWKHQXPEHU
$UH\RXDWYDULDQFHZLWKWKH(QJOLVKPDQ"
,ORYH=DFFRQHDQGKHKDWHVKLPZHDUHFRQVHTXHQWO\QRW
IULHQGV
'R\RXWKLQNWKH&RXQWRI0RQWH&ULVWRKDGHYHUEHHQLQ
)UDQFHEHIRUHKHPDGHWKLVYLVLWWR3DULV"
7RWKDWTXHVWLRQ,FDQDQVZHUSRVLWLYHO\QRVLUKHKDG
QRWEHFDXVHKHDSSOLHGWRPHVL[PRQWKVDJRIRUWKH
SDUWLFXODUVKHUHTXLUHGDQGDV,GLGQRWNQRZZKHQ,PLJKW
DJDLQFRPHWR3DULV,UHFRPPHQGHG0&DYDOFDQWLWRKLP
$QGUHD"
1R%DUWRORPHRKLVIDWKHU
1RZVLU,KDYHEXWRQHTXHVWLRQPRUHWRDVNDQG,FKDUJH
\RXLQWKHQDPHRIKRQRURIKXPDQLW\DQGRIUHOLJLRQWR
DQVZHUPHFDQGLGO\
:KDWLVLWVLU"
'R\RXNQRZZLWKZKDWGHVLJQ0GH0RQWH&ULVWRSXUFKDVHGD
KRXVHDW$XWHXLO"
&HUWDLQO\IRUKHWROGPH

872

:KDWLVLWVLU"
7RPDNHDOXQDWLFDV\OXPRILWVLPLODUWRWKDWIRXQGHGE\
WKH&RXQWRI3LVDQLDW3DOHUPR'R\RXNQRZDERXWWKDW
LQVWLWXWLRQ"
,KDYHKHDUGRILW
,WLVDPDJQLILFHQWFKDULW\+DYLQJVDLGWKLVWKHDEEH
ERZHGWRLPSO\KHZLVKHGWRSXUVXHKLVVWXGLHV7KHYLVLWRU
HLWKHUXQGHUVWRRGWKHDEEH
VPHDQLQJRUKDGQRPRUH
TXHVWLRQVWRDVNKHDURVHDQGWKHDEEHDFFRPSDQLHGKLPWR
WKHGRRU<RXDUHDJUHDWDOPVJLYHUVDLGWKHYLVLWRU
DQGDOWKRXJK\RXDUHVDLGWREHULFK,ZLOOYHQWXUHWR
RIIHU\RXVRPHWKLQJIRU\RXUSRRUSHRSOHZLOO\RXDFFHSWP\
RIIHULQJ"
,WKDQN\RXVLU,DPRQO\MHDORXVLQRQHWKLQJDQGWKDW
LVWKDWWKHUHOLHI,JLYHVKRXOGEHHQWLUHO\IURPP\RZQ
UHVRXUFHV
+RZHYHU
0\UHVROXWLRQVLULVXQFKDQJHDEOHEXW\RXKDYHRQO\WR
VHDUFKIRU\RXUVHOIDQG\RXZLOOILQGDODVEXWWRRPDQ\
REMHFWVXSRQZKRPWRH[HUFLVH\RXUEHQHYROHQFH7KHDEEH
RQFHPRUHERZHGDVKHRSHQHGWKHGRRUWKHVWUDQJHUERZHG
DQGWRRNKLVOHDYHDQGWKHFDUULDJHFRQYH\HGKLPVWUDLJKW
WRWKHKRXVHRI0GH9LOOHIRUW$QKRXUDIWHUZDUGVWKH
FDUULDJHZDVDJDLQRUGHUHGDQGWKLVWLPHLWZHQWWRWKH5XH
)RQWDLQH6DLQW*HRUJHDQGVWRSSHGDW1RZKHUH/RUG
:LOPRUHOLYHG7KHVWUDQJHUKDGZULWWHQWR/RUG:LOPRUH
UHTXHVWLQJDQLQWHUYLHZZKLFKWKHODWWHUKDGIL[HGIRUWHQ
R
FORFN$VWKHHQYR\RIWKHSUHIHFWRISROLFHDUULYHGWHQ
PLQXWHVEHIRUHWHQKHZDVWROGWKDW/RUG:LOPRUHZKRZDV
SUHFLVLRQDQGSXQFWXDOLW\SHUVRQLILHGZDVQRW\HWFRPHLQ
EXWWKDWKHZRXOGEHVXUHWRUHWXUQDVWKHFORFNVWUXFN
7KHYLVLWRUZDVLQWURGXFHGLQWRWKHGUDZLQJURRPZKLFKZDV
OLNHDOORWKHUIXUQLVKHGGUDZLQJURRPV$PDQWOHSLHFHZLWK
WZRPRGHUQ6HYUHVYDVHVDWLPHSLHFHUHSUHVHQWLQJ&XSLGZLWK
KLVEHQWERZDPLUURUZLWKDQHQJUDYLQJRQHDFKVLGHRQH
UHSUHVHQWLQJ+RPHUFDUU\LQJKLVJXLGHWKHRWKHU%HOLVDULXV

873

EHJJLQJDJUD\LVKSDSHUUHGDQGEODFNWDSHVWU\VXFK
ZDVWKHDSSHDUDQFHRI/RUG:LOPRUH
VGUDZLQJURRP,WZDV
LOOXPLQDWHGE\ODPSVZLWKJURXQGJODVVVKDGHVZKLFKJDYH
RQO\DIHHEOHOLJKWDVLIRXWRIFRQVLGHUDWLRQIRUWKH
HQYR\
VZHDNVLJKW$IWHUWHQPLQXWHV
H[SHFWDWLRQWKHFORFN
VWUXFNWHQDWWKHILIWKVWURNHWKHGRRURSHQHGDQG/RUG
:LOPRUHDSSHDUHG+HZDVUDWKHUDERYHWKHPLGGOHKHLJKW
ZLWKWKLQUHGGLVKZKLVNHUVOLJKWFRPSOH[LRQDQGOLJKWKDLU
WXUQLQJUDWKHUJUD\+HZDVGUHVVHGZLWKDOOWKH(QJOLVK
SHFXOLDULW\QDPHO\LQDEOXHFRDWZLWKJLOWEXWWRQVDQG
KLJKFROODULQWKHIDVKLRQRIDZKLWHNHUVH\PHUH
ZDLVWFRDWDQGQDQNHHQSDQWDORRQVWKUHHLQFKHVWRRVKRUW
EXWZKLFKZHUHSUHYHQWHGE\VWUDSVIURPVOLSSLQJXSWRWKH
NQHH+LVILUVWUHPDUNRQHQWHULQJZDV<RXNQRZVLU,
GRQRWVSHDN)UHQFK"
,NQRZ\RXGRQRWOLNHWRFRQYHUVHLQRXUODQJXDJH
UHSOLHGWKHHQYR\%XW\RXPD\XVHLWUHSOLHG/RUG
:LOPRUH,XQGHUVWDQGLW
$QG,UHSOLHGWKHYLVLWRUFKDQJLQJKLVLGLRPNQRZ
HQRXJKRI(QJOLVKWRNHHSXSWKHFRQYHUVDWLRQ'RQRWSXW
\RXUVHOIWRWKHVOLJKWHVWLQFRQYHQLHQFH
$Z"VDLG/RUG:LOPRUHZLWKWKDWWRQHZKLFKLVRQO\NQRZQ
WRQDWLYHVRI*UHDW%ULWDLQ
7KHHQYR\SUHVHQWHGKLVOHWWHURILQWURGXFWLRQZKLFKWKH
ODWWHUUHDGZLWK(QJOLVKFRROQHVVDQGKDYLQJILQLVKHG
,XQGHUVWDQGVDLGKHSHUIHFWO\
7KHQEHJDQWKHTXHVWLRQVZKLFKZHUHVLPLODUWRWKRVHZKLFK
KDGEHHQDGGUHVVHGWRWKH$EEH%XVRQL%XWDV/RUG:LOPRUH
LQWKHFKDUDFWHURIWKHFRXQW
VHQHP\ZDVOHVVUHVWUDLQHG
LQKLVDQVZHUVWKH\ZHUHPRUHQXPHURXVKHGHVFULEHGWKH
\RXWKRI0RQWH&ULVWRZKRKHVDLGDWWHQ\HDUVRIDJH
HQWHUHGWKHVHUYLFHRIRQHRIWKHSHWW\VRYHUHLJQVRI,QGLD
ZKRPDNHZDURQWKH(QJOLVK,WZDVWKHUH:LOPRUHKDGILUVW
PHWKLPDQGIRXJKWDJDLQVWKLPDQGLQWKDWZDU=DFFRQHKDG
EHHQWDNHQSULVRQHUVHQWWR(QJODQGDQGFRQVLJQHGWRWKH
KXONVZKHQFHKHKDGHVFDSHGE\VZLPPLQJ7KHQEHJDQKLV
WUDYHOVKLVGXHOVKLVFDSULFHVWKHQWKHLQVXUUHFWLRQLQ
*UHHFHEURNHRXWDQGKHKDGVHUYHGLQWKH*UHFLDQUDQNV
:KLOHLQWKDWVHUYLFHKHKDGGLVFRYHUHGDVLOYHUPLQHLQWKH

874

PRXQWDLQVRI7KHVVDO\EXWKHKDGEHHQFDUHIXOWRFRQFHDOLW
IURPHYHU\RQH$IWHUWKHEDWWOHRI1DYDULQRZKHQWKH*UHHN
JRYHUQPHQWZDVFRQVROLGDWHGKHDVNHGRI.LQJ2WKRDPLQLQJ
JUDQWIRUWKDWGLVWULFWZKLFKZDVJLYHQKLP+HQFHWKDW
LPPHQVHIRUWXQHZKLFKLQ/RUG:LOPRUH
VRSLQLRQSRVVLEO\
DPRXQWHGWRRQHRUWZRPLOOLRQVSHUDQQXPDSUHFDULRXV
IRUWXQHZKLFKPLJKWEHPRPHQWDULO\ORVWE\WKHIDLOXUHRI
WKHPLQH
%XWDVNHGWKHYLVLWRUGR\RXNQRZZK\KHFDPHWR
)UDQFH"
+HLVVSHFXODWLQJLQUDLOZD\VVDLG/RUG:LOPRUHDQGDV
KHLVDQH[SHUWFKHPLVWDQGSK\VLFLVWKHKDVLQYHQWHGDQHZ
V\VWHPRIWHOHJUDSK\ZKLFKKHLVVHHNLQJWREULQJWR
SHUIHFWLRQ
+RZPXFKGRHVKHVSHQG\HDUO\"DVNHGWKHSUHIHFW
1RWPRUHWKDQILYHRUVL[KXQGUHGWKRXVDQGIUDQFVVDLG
/RUG:LOPRUHKHLVDPLVHU+DWUHGHYLGHQWO\LQVSLUHGWKH
(QJOLVKPDQZKRNQRZLQJQRRWKHUUHSURDFKWREULQJRQWKH
FRXQWDFFXVHGKLPRIDYDULFH'R\RXNQRZKLVKRXVHDW
$XWHXLO"
&HUWDLQO\
:KDWGR\RXNQRZUHVSHFWLQJLW"
'R\RXZLVKWRNQRZZK\KHERXJKWLW"
<HV
7KHFRXQWLVDVSHFXODWRUZKRZLOOFHUWDLQO\UXLQKLPVHOI
LQH[SHULPHQWV+HVXSSRVHVWKHUHLVLQWKHQHLJKERUKRRGRI
WKHKRXVHKHKDVERXJKWDPLQHUDOVSULQJHTXDOWRWKRVHDW
%DJQHUHV/XFKRQDQG&DXWHUHWV+HLVJRLQJWRWXUQKLV
KRXVHLQWRD%DGKDXVDVWKH*HUPDQVWHUPLW+HKDVDOUHDG\
GXJXSDOOWKHJDUGHQWZRRUWKUHHWLPHVWRILQGWKHIDPRXV
VSULQJDQGEHLQJXQVXFFHVVIXOKHZLOOVRRQSXUFKDVHDOO
WKHFRQWLJXRXVKRXVHV1RZDV,GLVOLNHKLPDQGKRSHKLV
UDLOZD\KLVHOHFWULFWHOHJUDSKRUKLVVHDUFKIRUEDWKV
ZLOOUXLQKLP,DPZDWFKLQJIRUKLVGLVFRPILWXUHZKLFK
PXVWVRRQWDNHSODFH

875

:KDWZDVWKHFDXVHRI\RXUTXDUUHO"
:KHQKHZDVLQ(QJODQGKHVHGXFHGWKHZLIHRIRQHRIP\
IULHQGV
:K\GR\RXQRWVHHNUHYHQJH"
,KDYHDOUHDG\IRXJKWWKUHHGXHOVZLWKKLPVDLGWKH
(QJOLVKPDQWKHILUVWZLWKWKHSLVWROWKHVHFRQGZLWKWKH
VZRUGDQGWKHWKLUGZLWKWKHVDEUH
$QGZKDWZDVWKHUHVXOWRIWKRVHGXHOV"
7KHILUVWWLPHKHEURNHP\DUPWKHVHFRQGKHZRXQGHGPH
LQWKHEUHDVWDQGWKHWKLUGWLPHPDGHWKLVODUJHZRXQG
7KH(QJOLVKPDQWXUQHGGRZQKLVVKLUWFROODUDQGVKRZHGD
VFDUZKRVHUHGQHVVSURYHGLWWREHDUHFHQWRQH6RWKDW
\RXVHHWKHUHLVDGHDGO\IHXGEHWZHHQXV
%XWVDLGWKHHQYR\\RXGRQRWJRDERXWLWLQWKHULJKW
ZD\WRNLOOKLPLI,XQGHUVWDQG\RXFRUUHFWO\
$Z"VDLGWKH(QJOLVKPDQ,SUDFWLFHVKRRWLQJHYHU\GD\
DQGHYHU\RWKHUGD\*ULVLHUFRPHVWRP\KRXVH
7KLVZDVDOOWKHYLVLWRUZLVKHGWRDVFHUWDLQRUUDWKHU
DOOWKH(QJOLVKPDQDSSHDUHGWRNQRZ7KHDJHQWDURVHDQG
KDYLQJERZHGWR/RUG:LOPRUHZKRUHWXUQHGKLVVDOXWDWLRQ
ZLWKWKHVWLIISROLWHQHVVRIWKH(QJOLVKKHUHWLUHG/RUG
:LOPRUHKDYLQJKHDUGWKHGRRUFORVHDIWHUKLPUHWXUQHGWR
KLVEHGURRPZKHUHZLWKRQHKDQGKHSXOOHGRIIKLVOLJKW
KDLUKLVUHGZKLVNHUVKLVIDOVHMDZDQGKLVZRXQGWR
UHVXPHWKHEODFNKDLUGDUNFRPSOH[LRQDQGSHDUO\WHHWKRI
WKH&RXQWRI0RQWH&ULVWR,WZDV0GH9LOOHIRUWDQGQRW
WKHSUHIHFWZKRUHWXUQHGWRWKHKRXVHRI0GH9LOOHIRUW
7KHSURFXUHXUIHOWPRUHDWHDVHDOWKRXJKKHKDGOHDUQHG
QRWKLQJUHDOO\VDWLVIDFWRU\DQGIRUWKHILUVWWLPHVLQFH
WKHGLQQHUSDUW\DW$XWHXLOKHVOHSWVRXQGO\

&KDSWHU
7KH%DOO

876

,WZDVLQWKHZDUPHVWGD\VRI-XO\ZKHQLQGXHFRXUVHRI
WLPHWKH6DWXUGD\DUULYHGXSRQZKLFKWKHEDOOZDVWRWDNH
SODFHDW0GH0RUFHUI
V,WZDVWHQR
FORFNDWQLJKWWKH
EUDQFKHVRIWKHJUHDWWUHHVLQWKHJDUGHQRIWKHFRXQW
V
KRXVHVWRRGRXWEROGO\DJDLQVWWKHD]XUHFDQRS\RIKHDYHQ
ZKLFKZDVVWXGGHGZLWKJROGHQVWDUVEXWZKHUHWKHODVW
IOHHWLQJFORXGVRIDYDQLVKLQJVWRUP\HWOLQJHUHG)URPWKH
DSDUWPHQWVRQWKHJURXQGIORRUPLJKWEHKHDUGWKHVRXQGRI
PXVLFZLWKWKHZKLUORIWKHZDOW]DQGJDORSZKLOH
EULOOLDQWVWUHDPVRIOLJKWVKRQHWKURXJKWKHRSHQLQJVRIWKH
9HQHWLDQEOLQGV$WWKLVPRPHQWWKHJDUGHQZDVRQO\RFFXSLHG
E\DERXWWHQVHUYDQWVZKRKDGMXVWUHFHLYHGRUGHUVIURP
WKHLUPLVWUHVVWRSUHSDUHWKHVXSSHUWKHVHUHQLW\RIWKH
ZHDWKHUFRQWLQXLQJWRLQFUHDVH8QWLOQRZLWKDGEHHQ
XQGHFLGHGZKHWKHUWKHVXSSHUVKRXOGWDNHSODFHLQWKH
GLQLQJURRPRUXQGHUDORQJWHQWHUHFWHGRQWKHODZQEXW
WKHEHDXWLIXOEOXHVN\VWXGGHGZLWKVWDUVKDGVHWWOHGWKH
TXHVWLRQLQIDYRURIWKHODZQ7KHJDUGHQVZHUHLOOXPLQDWHG
ZLWKFRORUHGODQWHUQVDFFRUGLQJWRWKH,WDOLDQFXVWRPDQG
DVLVXVXDOLQFRXQWULHVZKHUHWKHOX[XULHVRIWKHWDEOH
WKHUDUHVWRIDOOOX[XULHVLQWKHLUFRPSOHWHIRUPDUH
ZHOOXQGHUVWRRGWKHVXSSHUWDEOHZDVORDGHGZLWKZD[OLJKWV
DQGIORZHUV
$WWKHWLPHWKH&RXQWHVVRI0RUFHUIUHWXUQHGWRWKHURRPV
DIWHUJLYLQJKHURUGHUVPDQ\JXHVWVZHUHDUULYLQJPRUH
DWWUDFWHGE\WKHFKDUPLQJKRVSLWDOLW\RIWKHFRXQWHVVWKDQ
E\WKHGLVWLQJXLVKHGSRVLWLRQRIWKHFRXQWIRURZLQJWR
WKHJRRGWDVWHRI0HUFHGHVRQHZDVVXUHRIILQGLQJVRPH
GHYLFHVDWKHUHQWHUWDLQPHQWZRUWK\RIGHVFULELQJRUHYHQ
FRS\LQJLQFDVHRIQHHG0DGDPH'DQJODUVLQZKRPWKHHYHQWV
ZHKDYHUHODWHGKDGFDXVHGGHHSDQ[LHW\KDGKHVLWDWHGDERXW
JRLQJWR0DGDPHGH0RUFHUI
VZKHQGXULQJWKHPRUQLQJKHU
FDUULDJHKDSSHQHGWRPHHWWKDWRI9LOOHIRUW7KHODWWHUPDGH
DVLJQDQGZKHQWKHFDUULDJHVKDGGUDZQFORVHWRJHWKHU
VDLG<RXDUHJRLQJWR0DGDPHGH0RUFHUI
VDUH\RX
QRW"
1RUHSOLHG0DGDPH'DQJODUV,DPWRRLOO
<RXDUHZURQJUHSOLHG9LOOHIRUWVLJQLILFDQWO\LWLV
LPSRUWDQWWKDW\RXVKRXOGEHVHHQWKHUH

877

'R\RXWKLQNVR"DVNHGWKHEDURQHVV
,GR
,QWKDWFDVH,ZLOOJR$QGWKHWZRFDUULDJHVSDVVHGRQ
WRZDUGVWKHLUGLIIHUHQWGHVWLQDWLRQV0DGDPH'DQJODUV
WKHUHIRUHFDPHQRWRQO\EHDXWLIXOLQSHUVRQEXWUDGLDQW
ZLWKVSOHQGRUVKHHQWHUHGE\RQHGRRUDWWKHWLPHZKHQ
0HUFHGHVDSSHDUHGDWWKHGRRU7KHFRXQWHVVWRRN$OEHUWWR
PHHW0DGDPH'DQJODUV+HDSSURDFKHGSDLGKHUVRPHZHOO
PHULWHGFRPSOLPHQWVRQKHUWRLOHWDQGRIIHUHGKLVDUPWR
FRQGXFWKHUWRDVHDW$OEHUWORRNHGDURXQGKLP<RXDUH
ORRNLQJIRUP\GDXJKWHU"VDLGWKHEDURQHVVVPLOLQJ
,FRQIHVVLWUHSOLHG$OEHUW&RXOG\RXKDYHEHHQVR
FUXHODVQRWWREULQJKHU"
&DOP\RXUVHOI6KHKDVPHW0DGHPRLVHOOHGH9LOOHIRUWDQG
KDVWDNHQKHUDUPVHHWKH\DUHIROORZLQJXVERWKLQZKLWH
GUHVVHVRQHZLWKDERXTXHWRIFDPHOOLDVWKHRWKHUZLWKRQH
RIP\RVRWLV%XWWHOOPH
:HOOZKDWGR\RXZLVKWRNQRZ"
:LOOQRWWKH&RXQWRI0RQWH&ULVWREHKHUHWRQLJKW"
6HYHQWHHQUHSOLHG$OEHUW
:KDWGR\RXPHDQ"
,RQO\PHDQWKDWWKHFRXQWVHHPVWKHUDJHUHSOLHGWKH
YLVFRXQWVPLOLQJDQGWKDW\RXDUHWKHVHYHQWHHQWKSHUVRQ
WKDWKDVDVNHGPHWKHVDPHTXHVWLRQ7KHFRXQWLVLQ
IDVKLRQ,FRQJUDWXODWHKLPXSRQLW
$QGKDYH\RXUHSOLHGWRHYHU\RQHDV\RXKDYHWRPH"
$KWREHVXUH,KDYHQRWDQVZHUHG\RXEHVDWLVILHGZH
VKDOOKDYHWKLVCOLRQ
ZHDUHDPRQJWKHSULYLOHJHGRQHV
:HUH\RXDWWKHRSHUD\HVWHUGD\"
1R

878

+HZDVWKHUH
$KLQGHHG"$QGGLGWKHHFFHQWULFSHUVRQFRPPLWDQ\QHZ
RULJLQDOLW\"
&DQKHEHVHHQZLWKRXWGRLQJVR"(OVVOHUZDVGDQFLQJLQWKH
C'LDEOH%RLWHX[
WKH*UHHNSULQFHVVZDVLQHFVWDVLHV$IWHU
WKHFDFKXFKDKHSODFHGDPDJQLILFHQWULQJRQWKHVWHPRID
ERXTXHWDQGWKUHZLWWRWKHFKDUPLQJGDQVHXVHZKRLQWKH
WKLUGDFWWRGRKRQRUWRWKHJLIWUHDSSHDUHGZLWKLWRQ
KHUILQJHU$QGWKH*UHHNSULQFHVVZLOOVKHEHKHUH"
1R\RXZLOOEHGHSULYHGRIWKDWSOHDVXUHKHUSRVLWLRQLQ
WKHFRXQW
VHVWDEOLVKPHQWLVQRWVXIILFLHQWO\XQGHUVWRRG
:DLWOHDYHPHKHUHDQGJRDQGVSHDNWR0DGDPHGH
9LOOHIRUWZKRLVWU\LQJWRDWWUDFW\RXUDWWHQWLRQ
$OEHUWERZHGWR0DGDPH'DQJODUVDQGDGYDQFHGWRZDUGV0DGDPH
GH9LOOHIRUWZKRVHOLSVRSHQHGDVKHDSSURDFKHG,ZDJHU
DQ\WKLQJVDLG$OEHUWLQWHUUXSWLQJKHUWKDW,NQRZZKDW
\RXZHUHDERXWWRVD\
:HOOZKDWLVLW"
,I,JXHVVULJKWO\ZLOO\RXFRQIHVVLW"
<HV
2Q\RXUKRQRU"
2QP\KRQRU
<RXZHUHJRLQJWRDVNPHLIWKH&RXQWRI0RQWH&ULVWRKDG
DUULYHGRUZDVH[SHFWHG
1RWDWDOO,WLVQRWRIKLPWKDW,DPQRZWKLQNLQJ,ZDV
JRLQJWRDVN\RXLI\RXKDGUHFHLYHGDQ\QHZVRI0RQVLHXU
)UDQ]
<HV\HVWHUGD\
:KDWGLGKHWHOO\RX"

879

7KDWKHZDVOHDYLQJDWWKHVDPHWLPHDVKLVOHWWHU
:HOOQRZWKHQWKHFRXQW"
7KHFRXQWZLOOFRPHRIWKDW\RXPD\EHVDWLVILHG
<RXNQRZWKDWKHKDVDQRWKHUQDPHEHVLGHV0RQWH&ULVWR"
1R,GLGQRWNQRZLW
0RQWH&ULVWRLQWKHQDPHRIDQLVODQGDQGKHKDVDIDPLO\
QDPH
,QHYHUKHDUGLW
:HOOWKHQ,DPEHWWHULQIRUPHGWKDQ\RXKLVQDPHLV
=DFFRQH
,WLVSRVVLEOH
+HLVD0DOWHVH
7KDWLVDOVRSRVVLEOH
7KHVRQRIDVKLSRZQHU
5HDOO\\RXVKRXOGUHODWHDOOWKLVDORXG\RXZRXOGKDYH
WKHJUHDWHVWVXFFHVV
+HVHUYHGLQ,QGLDGLVFRYHUHGDPLQHLQ7KHVVDO\DQG
FRPHVWR3DULVWRHVWDEOLVKDPLQHUDOZDWHUFXUHDW
$XWHXLO
:HOO,
PVXUHVDLG0RUFHUIWKLVLVLQGHHGQHZV$P,
DOORZHGWRUHSHDWLW"
<HVEXWFDXWLRXVO\WHOORQHWKLQJDWDWLPHDQGGRQRW
VD\,WROG\RX
:K\VR"
%HFDXVHLWLVDVHFUHWMXVWGLVFRYHUHG
%\ZKRP"

880

7KHSROLFH
7KHQWKHQHZVRULJLQDWHG
$WWKHSUHIHFW
VODVWQLJKW3DULV\RXFDQXQGHUVWDQGLV
DVWRQLVKHGDWWKHVLJKWRIVXFKXQXVXDOVSOHQGRUDQGWKH
SROLFHKDYHPDGHLQTXLULHV
:HOOZHOO1RWKLQJPRUHLVZDQWLQJWKDQWRDUUHVWWKH
FRXQWDVDYDJDERQGRQWKHSUHWH[WRIKLVEHLQJWRRULFK
,QGHHGWKDWGRXEWOHVVZRXOGKDYHKDSSHQHGLIKLV
FUHGHQWLDOVKDGQRWEHHQVRIDYRUDEOH
3RRUFRXQW$QGLVKHDZDUHRIWKHGDQJHUKHKDVEHHQLQ"
,WKLQNQRW
7KHQLWZLOOEHEXWFKDULWDEOHWRLQIRUPKLP:KHQKH
DUULYHV,ZLOOQRWIDLOWRGRVR
-XVWWKHQDKDQGVRPH\RXQJPDQZLWKEULJKWH\HVEODFN
KDLUDQGJORVV\PXVWDFKHUHVSHFWIXOO\ERZHGWR0DGDPHGH
9LOOHIRUW$OEHUWH[WHQGHGKLVKDQG0DGDPHVDLG$OEHUW
DOORZPHWRSUHVHQWWR\RX00D[LPLOLDQ0RUUHOFDSWDLQRI
6SDKLVRQHRIRXUEHVWDQGDERYHDOORIRXUEUDYHVW
RIILFHUV
,KDYHDOUHDG\KDGWKHSOHDVXUHRIPHHWLQJWKLVJHQWOHPDQ
DW$XWHXLODWWKHKRXVHRIWKH&RXQWRI0RQWH&ULVWR
UHSOLHG0DGDPHGH9LOOHIRUWWXUQLQJDZD\ZLWKPDUNHG
FROGQHVVRIPDQQHU7KLVDQVZHUDQGHVSHFLDOO\WKHWRQHLQ
ZKLFKLWZDVXWWHUHGFKLOOHGWKHKHDUWRISRRU0RUUHO%XW
DUHFRPSHQVHZDVLQVWRUHIRUKLPWXUQLQJDURXQGKHVDZ
QHDUWKHGRRUDEHDXWLIXOIDLUIDFHZKRVHODUJHEOXHH\HV
ZHUHZLWKRXWDQ\PDUNHGH[SUHVVLRQIL[HGXSRQKLPZKLOH
WKHERXTXHWRIP\RVRWLVZDVJHQWO\UDLVHGWRKHUOLSV
7KHVDOXWDWLRQZDVVRZHOOXQGHUVWRRGWKDW0RUUHOZLWKWKH
VDPHH[SUHVVLRQLQKLVH\HVSODFHGKLVKDQGNHUFKLHIWRKLV
PRXWKDQGWKHVHWZROLYLQJVWDWXHVZKRVHKHDUWVEHDWVR
YLROHQWO\XQGHUWKHLUPDUEOHDVSHFWVHSDUDWHGIURPHDFK
RWKHUE\WKHZKROHOHQJWKRIWKHURRPIRUJRWWKHPVHOYHVIRU

881

DPRPHQWRUUDWKHUIRUJRWWKHZRUOGLQWKHLUPXWXDO
FRQWHPSODWLRQ7KH\PLJKWKDYHUHPDLQHGPXFKORQJHUORVWLQ
RQHDQRWKHUZLWKRXWDQ\RQHQRWLFLQJWKHLUDEVWUDFWLRQ7KH
&RXQWRI0RQWH&ULVWRKDGMXVWHQWHUHG
:HKDYHDOUHDG\VDLGWKDWWKHUHZDVVRPHWKLQJLQWKHFRXQW
ZKLFKDWWUDFWHGXQLYHUVDODWWHQWLRQZKHUHYHUKHDSSHDUHG,W
ZDVQRWWKHFRDWXQH[FHSWLRQDOLQLWVFXWWKRXJKVLPSOH
DQGXQRUQDPHQWHGLWZDVQRWWKHSODLQZKLWHZDLVWFRDWLW
ZDVQRWWKHWURXVHUVWKDWGLVSOD\HGWKHIRRWVRSHUIHFWO\
IRUPHGLWZDVQRQHRIWKHVHWKLQJVWKDWDWWUDFWHGWKH
DWWHQWLRQLWZDVKLVSDOHFRPSOH[LRQKLVZDYLQJEODFN
KDLUKLVFDOPDQGVHUHQHH[SUHVVLRQKLVGDUNDQG
PHODQFKRO\H\HKLVPRXWKFKLVHOOHGZLWKVXFKPDUYHOORXV
GHOLFDF\ZKLFKVRHDVLO\H[SUHVVHGVXFKKLJKGLVGDLQ
WKHVHZHUHZKDWIL[HGWKHDWWHQWLRQRIDOOXSRQKLP0DQ\
PHQPLJKWKDYHEHHQKDQGVRPHUEXWFHUWDLQO\WKHUHFRXOGEH
QRQHZKRVHDSSHDUDQFHZDVPRUHVLJQLILFDQWLIWKH
H[SUHVVLRQPD\EHXVHG(YHU\WKLQJDERXWWKHFRXQWVHHPHGWR
KDYHLWVPHDQLQJIRUWKHFRQVWDQWKDELWRIWKRXJKWZKLFKKH
KDGDFTXLUHGKDGJLYHQDQHDVHDQGYLJRUWRWKHH[SUHVVLRQ
RIKLVIDFHDQGHYHQWRWKHPRVWWULIOLQJJHVWXUHVFDUFHO\
WREHXQGHUVWRRG<HWWKH3DULVLDQZRUOGLVVRVWUDQJHWKDW
HYHQDOOWKLVPLJKWQRWKDYHZRQDWWHQWLRQKDGWKHUHQRW
EHHQFRQQHFWHGZLWKLWDP\VWHULRXVVWRU\JLOGHGE\DQ
LPPHQVHIRUWXQH
0HDQZKLOHKHDGYDQFHGWKURXJKWKHDVVHPEODJHRIJXHVWVXQGHU
DEDWWHU\RIFXULRXVJODQFHVWRZDUGV0DGDPHGH0RUFHUIZKR
VWDQGLQJEHIRUHDPDQWOHSLHFHRUQDPHQWHGZLWKIORZHUVKDG
VHHQKLVHQWUDQFHLQDORRNLQJJODVVSODFHGRSSRVLWHWKH
GRRUDQGZDVSUHSDUHGWRUHFHLYHKLP6KHWXUQHGWRZDUGV
KLPZLWKDVHUHQHVPLOHMXVWDWWKHPRPHQWKHZDVERZLQJWR
KHU1RGRXEWVKHIDQFLHGWKHFRXQWZRXOGVSHDNWRKHU
ZKLOHRQKLVVLGHWKHFRXQWWKRXJKWVKHZDVDERXWWRDGGUHVV
KLPEXWERWKUHPDLQHGVLOHQWDQGDIWHUDPHUHERZ0RQWH
&ULVWRGLUHFWHGKLVVWHSVWR$OEHUWZKRUHFHLYHGKLP
FRUGLDOO\+DYH\RXVHHQP\PRWKHU"DVNHG$OEHUW
,KDYHMXVWKDGWKHSOHDVXUHUHSOLHGWKHFRXQWEXW,
KDYHQRWVHHQ\RXUIDWKHU
6HHKHLVGRZQWKHUHWDONLQJSROLWLFVZLWKWKDWOLWWOH
JURXSRIJUHDWJHQLXVHV

882

,QGHHG"VDLG0RQWH&ULVWRDQGVRWKRVHJHQWOHPHQGRZQ
WKHUHDUHPHQRIJUHDWWDOHQW,VKRXOGQRWKDYHJXHVVHGLW
$QGIRUZKDWNLQGRIWDOHQWDUHWKH\FHOHEUDWHG"<RXNQRZ
WKHUHDUHGLIIHUHQWVRUWV
7KDWWDOOKDUVKORRNLQJPDQLVYHU\OHDUQHGKH
GLVFRYHUHGLQWKHQHLJKERUKRRGRI5RPHDNLQGRIOL]DUG
ZLWKDYHUWHEUDPRUHWKDQOL]DUGVXVXDOO\KDYHDQGKH
LPPHGLDWHO\ODLGKLVGLVFRYHU\EHIRUHWKH,QVWLWXWH7KH
WKLQJZDVGLVFXVVHGIRUDORQJWLPHEXWILQDOO\GHFLGHGLQ
KLVIDYRU,FDQDVVXUH\RXWKHYHUWHEUDPDGHDJUHDWQRLVH
LQWKHOHDUQHGZRUOGDQGWKHJHQWOHPDQZKRZDVRQO\D
NQLJKWRIWKH/HJLRQRI+RQRUZDVPDGHDQRIILFHU
&RPHVDLG0RQWH&ULVWRWKLVFURVVVHHPVWRPHWREH
ZLVHO\DZDUGHG,VXSSRVHKDGKHIRXQGDQRWKHUDGGLWLRQDO
YHUWHEUDWKH\ZRXOGKDYHPDGHKLPDFRPPDQGHU
9HU\OLNHO\VDLG$OEHUW
$QGZKRFDQWKDWSHUVRQEHZKRKDVWDNHQLWLQWRKLVKHDG
WRZUDSKLPVHOIXSLQDEOXHFRDWHPEURLGHUHGZLWKJUHHQ"
2KWKDWFRDWLVQRWKLVRZQLGHDLWLVWKH5HSXEOLF
V
ZKLFKGHSXWHG'DYLG WRGHYLVHDXQLIRUPIRUWKH
$FDGHPLFLDQV
/RXLV'DYLGDIDPRXV)UHQFKSDLQWHU
,QGHHG"VDLG0RQWH&ULVWRVRWKLVJHQWOHPDQLVDQ
$FDGHPLFLDQ"
:LWKLQWKHODVWZHHNKHKDVEHHQPDGHRQHRIWKHOHDUQHG
DVVHPEO\
$QGZKDWLVKLVHVSHFLDOWDOHQW"
+LVWDOHQW",EHOLHYHKHWKUXVWVSLQVWKURXJKWKHKHDGVRI
UDEELWVKHPDNHVIRZOVHDWPDGGHUDQGSXQFKHVWKHVSLQDO
PDUURZRXWRIGRJVZLWKZKDOHERQH
$QGKHLVPDGHDPHPEHURIWKH$FDGHP\RI6FLHQFHVIRU
WKLV"

883

1RRIWKH)UHQFK$FDGHP\
%XWZKDWKDVWKH)UHQFK$FDGHP\WRGRZLWKDOOWKLV"
,ZDVJRLQJWRWHOO\RX,WVHHPV
7KDWKLVH[SHULPHQWVKDYHYHU\FRQVLGHUDEO\DGYDQFHGWKH
FDXVHRIVFLHQFHGRXEWOHVV"
1RWKDWKLVVW\OHRIZULWLQJLVYHU\JRRG
7KLVPXVWEHYHU\IODWWHULQJWRWKHIHHOLQJVRIWKHUDEELWV
LQWRZKRVHKHDGVKHKDVWKUXVWSLQVWRWKHIRZOVZKRVH
ERQHVKHKDVG\HGUHGDQGWRWKHGRJVZKRVHVSLQDOPDUURZ
KHKDVSXQFKHGRXW"
$OEHUWODXJKHG
$QGWKHRWKHURQH"GHPDQGHGWKHFRXQW
7KDWRQH"
<HVWKHWKLUG
7KHRQHLQWKHGDUNEOXHFRDW"
<HV
+HLVDFROOHDJXHRIWKHFRXQWDQGRQHRIWKHPRVWDFWLYH
RSSRQHQWVWRWKHLGHDRISURYLGLQJWKH&KDPEHURI3HHUVZLWK
DXQLIRUP+HZDVYHU\VXFFHVVIXOXSRQWKDWTXHVWLRQ+H
VWRRGEDGO\ZLWKWKH/LEHUDOSDSHUVEXWKLVQREOH
RSSRVLWLRQWRWKHZLVKHVRIWKHFRXUWLVQRZJHWWLQJKLP
LQWRIDYRUZLWKWKHMRXUQDOLVWV7KH\WDONRIPDNLQJKLPDQ
DPEDVVDGRU
$QGZKDWDUHKLVFODLPVWRWKHSHHUDJH"
+HKDVFRPSRVHGWZRRUWKUHHFRPLFRSHUDVZULWWHQIRXURU
ILYHDUWLFOHVLQWKH6LHFOHDQGYRWHGILYHRUVL[\HDUVRQ
WKHPLQLVWHULDOVLGH
%UDYR9LVFRXQWVDLG0RQWH&ULVWRVPLOLQJ\RXDUHD

884

GHOLJKWIXOFLFHURQH$QGQRZ\RXZLOOGRPHDIDYRUZLOO
\RXQRW"
:KDWLVLW"
'RQRWLQWURGXFHPHWRDQ\RIWKHVHJHQWOHPHQDQGVKRXOG
WKH\ZLVKLW\RXZLOOZDUQPH-XVWWKHQWKHFRXQWIHOW
KLVDUPSUHVVHG+HWXUQHGURXQGLWZDV'DQJODUV
$KLVLW\RXEDURQ"VDLGKH
:K\GR\RXFDOOPHEDURQ"VDLG'DQJODUV\RXNQRZWKDW,
FDUHQRWKLQJIRUP\WLWOH,DPQRWOLNH\RXYLVFRXQW\RX
OLNH\RXUWLWOHGR\RXQRW"
&HUWDLQO\UHSOLHG$OEHUWVHHLQJWKDWZLWKRXWP\WLWOH,
VKRXOGEHQRWKLQJZKLOH\RXVDFULILFLQJWKHEDURQZRXOG
VWLOOUHPDLQWKHPLOOLRQDLUH
:KLFKVHHPVWRPHWKHILQHVWWLWOHXQGHUWKHUR\DOW\RI
-XO\UHSOLHG'DQJODUV
8QIRUWXQDWHO\VDLG0RQWH&ULVWRRQH
VWLWOHWRD
PLOOLRQDLUHGRHVQRWODVWIRUOLIHOLNHWKDWRIEDURQSHHU
RI)UDQFHRU$FDGHPLFLDQIRUH[DPSOHWKHPLOOLRQDLUHV
)UDQFN 3RXOPDQQRI)UDQNIRUWZKRKDYHMXVWEHFRPH
EDQNUXSWV
,QGHHG"VDLG'DQJODUVEHFRPLQJSDOH
<HV,UHFHLYHGWKHQHZVWKLVHYHQLQJE\DFRXULHU,KDG
DERXWDPLOOLRQLQWKHLUKDQGVEXWZDUQHGLQWLPH,
ZLWKGUHZLWDPRQWKDJR
$KPRQ'LHXH[FODLPHG'DQJODUVWKH\KDYHGUDZQRQPH
IRUIUDQFV
:HOO\RXFDQWKURZRXWWKHGUDIWWKHLUVLJQDWXUHLVZRUWK
ILYHSHUFHQW
<HVEXWLWLVWRRODWHVDLG'DQJODUV,KDYHKRQRUHG
WKHLUELOOV
7KHQVDLG0RQWH&ULVWRKHUHDUHIUDQFVJRQH

885

DIWHU
+XVKGRQRWPHQWLRQWKHVHWKLQJVVDLG'DQJODUVWKHQ
DSSURDFKLQJ0RQWH&ULVWRKHDGGHGHVSHFLDOO\EHIRUH\RXQJ
0&DYDOFDQWLDIWHUZKLFKKHVPLOHGDQGWXUQHGWRZDUGV
WKH\RXQJPDQLQTXHVWLRQ$OEHUWKDGOHIWWKHFRXQWWR
VSHDNWRKLVPRWKHU'DQJODUVWRFRQYHUVHZLWK\RXQJ
&DYDOFDQWL0RQWH&ULVWRZDVIRUDQLQVWDQWDORQH0HDQZKLOH
WKHKHDWEHFDPHH[FHVVLYH7KHIRRWPHQZHUHKDVWHQLQJ
WKURXJKWKHURRPVZLWKZDLWHUVORDGHGZLWKLFHV0RQWH
&ULVWRZLSHGWKHSHUVSLUDWLRQIURPKLVIRUHKHDGEXWGUHZ
EDFNZKHQWKHZDLWHUZDVSUHVHQWHGWRKLPKHWRRNQR
UHIUHVKPHQW0DGDPHGH0RUFHUIGLGQRWORVHVLJKWRI0RQWH
&ULVWRVKHVDZWKDWKHWRRNQRWKLQJDQGHYHQQRWLFHGKLV
JHVWXUHRIUHIXVDO
$OEHUWVKHDVNHGGLG\RXQRWLFHWKDW"
:KDWPRWKHU"
7KDWWKHFRXQWKDVQHYHUEHHQZLOOLQJWRSDUWDNHRIIRRG
XQGHUWKHURRIRI0GH0RUFHUI
<HVEXWWKHQKHEUHDNIDVWHGZLWKPHLQGHHGKHPDGHKLV
ILUVWDSSHDUDQFHLQWKHZRUOGRQWKDWRFFDVLRQ
%XW\RXUKRXVHLVQRW0GH0RUFHUI
VPXUPXUHG0HUFHGHV
DQGVLQFHKHKDVEHHQKHUH,KDYHZDWFKHGKLP
:HOO"
:HOOKHKDVWDNHQQRWKLQJ\HW
7KHFRXQWLVYHU\WHPSHUDWH0HUFHGHVVPLOHGVDGO\
$SSURDFKKLPVDLGVKHDQGZKHQWKHQH[WZDLWHUSDVVHV
LQVLVWXSRQKLVWDNLQJVRPHWKLQJ
%XWZK\PRWKHU"
-XVWWRSOHDVHPH$OEHUWVDLG0HUFHGHV$OEHUWNLVVHG
KLVPRWKHU
VKDQGDQGGUHZQHDUWKHFRXQW$QRWKHUVDOYHU
SDVVHGORDGHGOLNHWKHSUHFHGLQJRQHVVKHVDZ$OEHUW
DWWHPSWWRSHUVXDGHWKHFRXQWEXWKHREVWLQDWHO\UHIXVHG
$OEHUWUHMRLQHGKLVPRWKHUVKHZDVYHU\SDOH

886

:HOOVDLGVKH\RXVHHKHUHIXVHV"
<HVEXWZK\QHHGWKLVDQQR\\RX"
<RXNQRZ$OEHUWZRPHQDUHVLQJXODUFUHDWXUHV,VKRXOG
OLNHWRKDYHVHHQWKHFRXQWWDNHVRPHWKLQJLQP\KRXVHLI
RQO\DQLFH3HUKDSVKHFDQQRWUHFRQFLOHKLPVHOIWRWKH
)UHQFKVW\OHRIOLYLQJDQGPLJKWSUHIHUVRPHWKLQJHOVH
2KQR,KDYHVHHQKLPHDWRIHYHU\WKLQJLQ,WDO\QR
GRXEWKHGRHVQRWIHHOLQFOLQHGWKLVHYHQLQJ
$QGEHVLGHVVDLGWKHFRXQWHVVDFFXVWRPHGDVKHLVWR
EXUQLQJFOLPDWHVSRVVLEO\KHGRHVQRWIHHOWKHKHDWDVZH
GR
,GRQRWWKLQNWKDWIRUKHKDVFRPSODLQHGRIIHHOLQJ
DOPRVWVXIIRFDWHGDQGDVNHGZK\WKH9HQHWLDQEOLQGVZHUH
QRWRSHQHGDVZHOODVWKHZLQGRZV
,QDZRUGVDLG0HUFHGHVLWZDVDZD\RIDVVXULQJPH
WKDWKLVDEVWLQHQFHZDVLQWHQGHG$QGVKHOHIWWKHURRP$
PLQXWHDIWHUZDUGVWKHEOLQGVZHUHWKURZQRSHQDQGWKURXJK
WKHMHVVDPLQHDQGFOHPDWLVWKDWRYHUKXQJWKHZLQGRZRQH
FRXOGVHHWKHJDUGHQRUQDPHQWHGZLWKODQWHUQVDQGWKH
VXSSHUODLGXQGHUWKHWHQW'DQFHUVSOD\HUVWDONHUVDOO
XWWHUHGDQH[FODPDWLRQRIMR\HYHU\RQHLQKDOHGZLWK
GHOLJKWWKHEUHH]HWKDWIORDWHGLQ$WWKHVDPHWLPH
0HUFHGHVUHDSSHDUHGSDOHUWKDQEHIRUHEXWZLWKWKDW
LPSHUWXUEDEOHH[SUHVVLRQRIFRXQWHQDQFHZKLFKVKHVRPHWLPHV
ZRUH6KHZHQWVWUDLJKWWRWKHJURXSRIZKLFKKHUKXVEDQG
IRUPHGWKHFHQWUH'RQRWGHWDLQWKRVHJHQWOHPHQKHUH
FRXQWVKHVDLGWKH\ZRXOGSUHIHU,VKRXOGWKLQNWR
EUHDWKHLQWKHJDUGHQUDWKHUWKDQVXIIRFDWHKHUHVLQFHWKH\
DUHQRWSOD\LQJ
$KVDLGDJDOODQWROGJHQHUDOZKRLQKDGVXQJ
3DUWDQWSRXUOD6\ULHZHZLOOQRWJRDORQHWRWKH
JDUGHQ
7KHQVDLG0HUFHGHV,ZLOOOHDGWKHZD\7XUQLQJ
WRZDUGV0RQWH&ULVWRVKHDGGHGFRXQWZLOO\RXREOLJHPH
ZLWK\RXUDUP"7KHFRXQWDOPRVWVWDJJHUHGDWWKHVHVLPSOH

887

ZRUGVWKHQKHIL[HGKLVH\HVRQ0HUFHGHV,WZDVRQO\D
PRPHQWDU\JODQFHEXWLWVHHPHGWRWKHFRXQWHVVWRKDYH
ODVWHGIRUDFHQWXU\VRPXFKZDVH[SUHVVHGLQWKDWRQH
ORRN+HRIIHUHGKLVDUPWRWKHFRXQWHVVVKHWRRNLWRU
UDWKHUMXVWWRXFKHGLWZLWKKHUOLWWOHKDQGDQGWKH\
WRJHWKHUGHVFHQGHGWKHVWHSVOLQHGZLWKUKRGRGHQGURQVDQG
FDPHOOLDV%HKLQGWKHPE\DQRWKHURXWOHWDJURXSRIDERXW
WZHQW\SHUVRQVUXVKHGLQWRWKHJDUGHQZLWKORXGH[FODPDWLRQV
RIGHOLJKW

&KDSWHU
%UHDGDQG6DOW
0DGDPHGH0RUFHUIHQWHUHGDQDUFKZD\RIWUHHVZLWKKHU
FRPSDQLRQ,WOHGWKURXJKDJURYHRIOLQGHQVWRD
FRQVHUYDWRU\
,WZDVWRRZDUPLQWKHURRPZDVLWQRWFRXQW"VKHDVNHG
<HVPDGDPHDQGLWZDVDQH[FHOOHQWLGHDRI\RXUVWRRSHQ
WKHGRRUVDQGWKHEOLQGV$VKHFHDVHGVSHDNLQJWKHFRXQW
IHOWWKHKDQGRI0HUFHGHVWUHPEOH%XW\RXKHVDLGZLWK
WKDWOLJKWGUHVVDQGZLWKRXWDQ\WKLQJWRFRYHU\RXEXWWKDW
JDX]HVFDUISHUKDSV\RXIHHOFROG"
'R\RXNQRZZKHUH,DPOHDGLQJ\RX"VDLGWKHFRXQWHVV
ZLWKRXWUHSO\LQJWRWKHTXHVWLRQ
1RPDGDPHUHSOLHG0RQWH&ULVWREXW\RXVHH,PDNHQR
UHVLVWDQFH
:HDUHJRLQJWRWKHJUHHQKRXVHWKDW\RXVHHDWWKHRWKHU
HQGRIWKHJURYH
7KHFRXQWORRNHGDW0HUFHGHVDVLIWRLQWHUURJDWHKHUEXW
VKHFRQWLQXHGWRZDONRQLQVLOHQFHDQGKHUHIUDLQHGIURP
VSHDNLQJ7KH\UHDFKHGWKHEXLOGLQJRUQDPHQWHGZLWK
PDJQLILFHQWIUXLWVZKLFKULSHQDWWKHEHJLQQLQJRI-XO\LQ
WKHDUWLILFLDOWHPSHUDWXUHZKLFKWDNHVWKHSODFHRIWKHVXQ
VRIUHTXHQWO\DEVHQWLQRXUFOLPDWH7KHFRXQWHVVOHIWWKH
DUPRI0RQWH&ULVWRDQGJDWKHUHGDEXQFKRI0XVFDWHO
JUDSHV6HHFRXQWVKHVDLGZLWKDVPLOHVRVDGLQLWV

888

H[SUHVVLRQWKDWRQHFRXOGDOPRVWGHWHFWWKHWHDUVRQKHU
H\HOLGVVHHRXU)UHQFKJUDSHVDUHQRWWREHFRPSDUHG,
NQRZZLWK\RXUVRI6LFLO\DQG&\SUXVEXW\RXZLOOPDNH
DOORZDQFHIRURXUQRUWKHUQVXQ7KHFRXQWERZHGEXW
VWHSSHGEDFN'R\RXUHIXVH"VDLG0HUFHGHVLQDWUHPXORXV
YRLFH3UD\H[FXVHPHPDGDPHUHSOLHG0RQWH&ULVWREXW
,QHYHUHDW0XVFDWHOJUDSHV
0HUFHGHVOHWWKHPIDOODQGVLJKHG$PDJQLILFHQWSHDFKZDV
KDQJLQJDJDLQVWDQDGMRLQLQJZDOOULSHQHGE\WKHVDPH
DUWLILFLDOKHDW0HUFHGHVGUHZQHDUDQGSOXFNHGWKHIUXLW
7DNHWKLVSHDFKWKHQVKHVDLG7KHFRXQWDJDLQUHIXVHG
:KDWDJDLQ"VKHH[FODLPHGLQVRSODLQWLYHDQDFFHQWWKDW
LWVHHPHGWRVWLIOHDVREUHDOO\\RXSDLQPH
$ORQJVLOHQFHIROORZHGWKHSHDFKOLNHWKHJUDSHVIHOOWR
WKHJURXQG&RXQWDGGHG0HUFHGHVZLWKDVXSSOLFDWLQJ
JODQFHWKHUHLVDEHDXWLIXO$UDELDQFXVWRPZKLFKPDNHV
HWHUQDOIULHQGVRIWKRVHZKRKDYHWRJHWKHUHDWHQEUHDGDQG
VDOWXQGHUWKHVDPHURRI
,NQRZLWPDGDPHUHSOLHGWKHFRXQWEXWZHDUHLQ
)UDQFHDQGQRWLQ$UDELDDQGLQ)UDQFHHWHUQDOIULHQGVKLSV
DUHDVUDUHDVWKHFXVWRPRIGLYLGLQJEUHDGDQGVDOWZLWK
RQHDQRWKHU
%XWVDLGWKHFRXQWHVVEUHDWKOHVVO\ZLWKKHUH\HVIL[HG
RQ0RQWH&ULVWRZKRVHDUPVKHFRQYXOVLYHO\SUHVVHGZLWK
ERWKKDQGVZHDUHIULHQGVDUHZHQRW"
7KHFRXQWEHFDPHSDOHDVGHDWKWKHEORRGUXVKHGWRKLV
KHDUWDQGWKHQDJDLQULVLQJG\HGKLVFKHHNVZLWKFULPVRQ
KLVH\HVVZDPOLNHWKRVHRIDPDQVXGGHQO\GD]]OHG
&HUWDLQO\ZHDUHIULHQGVKHUHSOLHGZK\VKRXOGZHQRW
EH"7KHDQVZHUZDVVROLWWOHOLNHWKHRQH0HUFHGHVGHVLUHG
WKDWVKHWXUQHGDZD\WRJLYHYHQWWRDVLJKZKLFKVRXQGHG
PRUHOLNHDJURDQ7KDQN\RXVKHVDLG$QGWKH\ZDONHGRQ
DJDLQ7KH\ZHQWWKHZKROHOHQJWKRIWKHJDUGHQZLWKRXW
XWWHULQJDZRUG6LUVXGGHQO\H[FODLPHGWKHFRXQWHVV
DIWHUWKHLUZDONKDGFRQWLQXHGWHQPLQXWHVLQVLOHQFHLV
LWWUXHWKDW\RXKDYHVHHQVRPXFKWUDYHOOHGVRIDUDQG
VXIIHUHGVRGHHSO\"
,KDYHVXIIHUHGGHHSO\PDGDPHDQVZHUHG0RQWH&ULVWR

889

%XWQRZ\RXDUHKDSS\"
'RXEWOHVVUHSOLHGWKHFRXQWVLQFHQRRQHKHDUVPH
FRPSODLQ
$QG\RXUSUHVHQWKDSSLQHVVKDVLWVRIWHQHG\RXUKHDUW"
0\SUHVHQWKDSSLQHVVHTXDOVP\SDVWPLVHU\VDLGWKH
FRXQW
$UH\RXQRWPDUULHG"DVNHGWKHFRXQWHVV,PDUULHG"
H[FODLPHG0RQWH&ULVWRVKXGGHULQJZKRFRXOGKDYHWROG\RX
VR"
1RRQHWROGPH\RXZHUHEXW\RXKDYHIUHTXHQWO\EHHQVHHQ
DWWKHRSHUDZLWKD\RXQJDQGORYHO\ZRPDQ
6KHLVDVODYHZKRP,ERXJKWDW&RQVWDQWLQRSOHPDGDPHWKH
GDXJKWHURIDSULQFH,KDYHDGRSWHGKHUDVP\GDXJKWHU
KDYLQJQRRQHHOVHWRORYHLQWKHZRUOG
<RXOLYHDORQHWKHQ"
,GR
<RXKDYHQRVLVWHUQRVRQQRIDWKHU"
,KDYHQRRQH
+RZFDQ\RXH[LVWWKXVZLWKRXWDQ\RQHWRDWWDFK\RXWR
OLIH"
,WLVQRWP\IDXOWPDGDPH$W0DOWD,ORYHGD\RXQJJLUO
ZDVRQWKHSRLQWRIPDUU\LQJKHUZKHQZDUFDPHDQGFDUULHG
PHDZD\,WKRXJKWVKHORYHGPHZHOOHQRXJKWRZDLWIRUPH
DQGHYHQWRUHPDLQIDLWKIXOWRP\PHPRU\:KHQ,UHWXUQHG
VKHZDVPDUULHG7KLVLVWKHKLVWRU\RIPRVWPHQZKRKDYH
SDVVHGWZHQW\\HDUVRIDJH3HUKDSVP\KHDUWZDVZHDNHUWKDQ
WKHKHDUWVRIPRVWPHQDQG,VXIIHUHGPRUHWKDQWKH\ZRXOG
KDYHGRQHLQP\SODFHWKDWLVDOO7KHFRXQWHVVVWRSSHG
IRUDPRPHQWDVLIJDVSLQJIRUEUHDWK<HVVKHVDLG
DQG\RXKDYHVWLOOSUHVHUYHGWKLVORYHLQ\RXUKHDUWRQH
FDQRQO\ORYHRQFHDQGGLG\RXHYHUVHHKHUDJDLQ"

890

1HYHU
1HYHU"
,QHYHUUHWXUQHGWRWKHFRXQWU\ZKHUHVKHOLYHG
7R0DOWD"
<HV0DOWD
6KHLVWKHQQRZDW0DOWD"
,WKLQNVR
$QGKDYH\RXIRUJLYHQKHUIRUDOOVKHKDVPDGH\RXVXIIHU"
+HU\HV
%XWRQO\KHUGR\RXWKHQVWLOOKDWHWKRVHZKRVHSDUDWHG
\RX"
,KDWHWKHP"1RWDWDOOZK\VKRXOG,"7KHFRXQWHVVSODFHG
KHUVHOIEHIRUH0RQWH&ULVWRVWLOOKROGLQJLQKHUKDQGD
SRUWLRQRIWKHSHUIXPHGJUDSHV7DNHVRPHVKHVDLG
0DGDPH,QHYHUHDW0XVFDWHOJUDSHVUHSOLHG0RQWH&ULVWR
DVLIWKHVXEMHFWKDGQRWEHHQPHQWLRQHGEHIRUH7KH
FRXQWHVVGDVKHGWKHJUDSHVLQWRWKHQHDUHVWWKLFNHWZLWKD
JHVWXUHRIGHVSDLU,QIOH[LEOHPDQVKHPXUPXUHG0RQWH
&ULVWRUHPDLQHGDVXQPRYHGDVLIWKHUHSURDFKKDGQRWEHHQ
DGGUHVVHGWRKLP$OEHUWDWWKLVPRPHQWUDQLQ2K
PRWKHUKHH[FODLPHGVXFKDPLVIRUWXQHKLVKDSSHQHG
:KDW":KDWKDVKDSSHQHG"DVNHGWKHFRXQWHVVDVWKRXJK
DZDNHQLQJIURPDVOHHSWRWKHUHDOLWLHVRIOLIHGLG\RX
VD\DPLVIRUWXQH",QGHHG,VKRXOGH[SHFWPLVIRUWXQHV
0GH9LOOHIRUWLVKHUH
:HOO"
+HFRPHVWRIHWFKKLVZLIHDQGGDXJKWHU
:K\VR"

891

%HFDXVH0DGDPHGH6DLQW0HUDQLVMXVWDUULYHGLQ3DULV
EULQJLQJWKHQHZVRI0GH6DLQW0HUDQ
VGHDWKZKLFKWRRN
SODFHRQWKHILUVWVWDJHDIWHUKHOHIW0DUVHLOOHV0DGDPHGH
9LOOHIRUWZKRZDVLQYHU\JRRGVSLULWVZRXOGQHLWKHU
EHOLHYHQRUWKLQNRIWKHPLVIRUWXQHEXW0DGHPRLVHOOH
9DOHQWLQHDWWKHILUVWZRUGVJXHVVHGWKHZKROHWUXWK
QRWZLWKVWDQGLQJDOOWKHSUHFDXWLRQVRIKHUIDWKHUWKHEORZ
VWUXFNKHUOLNHDWKXQGHUEROWDQGVKHIHOOVHQVHOHVV
$QGKRZZDV0GH6DLQW0HUDQUHODWHGWR0DGHPRLVHOOHGH
9LOOHIRUW"VDLGWKHFRXQW
+HZDVKHUJUDQGIDWKHURQWKHPRWKHU
VVLGH+HZDVFRPLQJ
KHUHWRKDVWHQKHUPDUULDJHZLWK)UDQ]
$KLQGHHG"
6R)UDQ]PXVWZDLW:K\ZDVQRW0GH6DLQW0HUDQDOVR
JUDQGIDWKHUWR0DGHPRLVHOOH'DQJODUV"
$OEHUW$OEHUWVDLG0DGDPHGH0RUFHUILQDWRQHRIPLOG
UHSURRIZKDWDUH\RXVD\LQJ"$KFRXQWKHHVWHHPV\RXVR
KLJKO\WHOOKLPWKDWKHKDVVSRNHQDPLVV$QGVKHWRRNWZR
RUWKUHHVWHSVIRUZDUG0RQWH&ULVWRZDWFKHGKHUZLWKDQDLU
VRWKRXJKWIXODQGVRIXOORIDIIHFWLRQDWHDGPLUDWLRQWKDW
VKHWXUQHGEDFNDQGJUDVSHGKLVKDQGDWWKHVDPHWLPHVKH
VHL]HGWKDWRIKHUVRQDQGMRLQHGWKHPWRJHWKHU
:HDUHIULHQGVDUHZHQRW"VKHDVNHG
2KPDGDPH,GRQRWSUHVXPHWRFDOOP\VHOI\RXUIULHQG
EXWDWDOOWLPHV,DP\RXUPRVWUHVSHFWIXOVHUYDQW7KH
FRXQWHVVOHIWZLWKDQLQGHVFULEDEOHSDQJLQKHUKHDUWDQG
EHIRUHVKHKDGWDNHQWHQVWHSVWKHFRXQWVDZKHUUDLVHKHU
KDQGNHUFKLHIWRKHUH\HV'RQRWP\PRWKHUDQG\RXDJUHH"
DVNHG$OEHUWDVWRQLVKHG
2QWKHFRQWUDU\UHSOLHGWKHFRXQWGLG\RXQRWKHDUKHU
GHFODUHWKDWZHZHUHIULHQGV"7KH\UHHQWHUHGWKH
GUDZLQJURRPZKLFK9DOHQWLQHDQG0DGDPHGH9LOOHIRUWKDG
MXVWTXLWWHG,WLVSHUKDSVQHHGOHVVWRDGGWKDW0RUUHO
GHSDUWHGDOPRVWDWWKHVDPHWLPH

892

&KDSWHU
0DGDPHGH6DLQW0HUDQ
$JORRP\VFHQHKDGLQGHHGMXVWSDVVHGDWWKHKRXVHRI0GH
9LOOHIRUW$IWHUWKHODGLHVKDGGHSDUWHGIRUWKHEDOO
ZKLWKHUDOOWKHHQWUHDWLHVRI0DGDPHGH9LOOHIRUWKDGIDLOHG
LQSHUVXDGLQJKLPWRDFFRPSDQ\WKHPWKHSURFXUHXUKDGVKXW
KLPVHOIXSLQKLVVWXG\DFFRUGLQJWRKLVFXVWRPZLWKD
KHDSRISDSHUVFDOFXODWHGWRDODUPDQ\RQHHOVHEXWZKLFK
JHQHUDOO\VFDUFHO\VDWLVILHGKLVLQRUGLQDWHGHVLUHV%XW
WKLVWLPHWKHSDSHUVZHUHDPHUHPDWWHURIIRUP9LOOHIRUW
KDGVHFOXGHGKLPVHOIQRWWRVWXG\EXWWRUHIOHFWDQGZLWK
WKHGRRUORFNHGDQGRUGHUVJLYHQWKDWKHVKRXOGQRWEH
GLVWXUEHGH[FHSWLQJIRULPSRUWDQWEXVLQHVVKHVDWGRZQLQ
KLVDUPFKDLUDQGEHJDQWRSRQGHURYHUWKHHYHQWVWKH
UHPHPEUDQFHRIZKLFKKDGGXULQJWKHODVWHLJKWGD\VILOOHG
KLVPLQGZLWKVRPDQ\JORRP\WKRXJKWVDQGELWWHU
UHFROOHFWLRQV7KHQLQVWHDGRISOXQJLQJLQWRWKHPDVVRI
GRFXPHQWVSLOHGEHIRUHKLPKHRSHQHGWKHGUDZHURIKLV
GHVNWRXFKHGDVSULQJDQGGUHZRXWDSDUFHORIFKHULVKHG
PHPRUDQGDDPRQJVWZKLFKKHKDGFDUHIXOO\DUUDQJHGLQ
FKDUDFWHUVRQO\NQRZQWRKLPVHOIWKHQDPHVRIDOOWKRVH
ZKRHLWKHULQKLVSROLWLFDOFDUHHULQPRQH\PDWWHUVDW
WKHEDURULQKLVP\VWHULRXVORYHDIIDLUVKDGEHFRPHKLV
HQHPLHV
7KHLUQXPEHUZDVIRUPLGDEOHQRZWKDWKHKDGEHJXQWRIHDU
DQG\HWWKHVHQDPHVSRZHUIXOWKRXJKWKH\ZHUHKDGRIWHQ
FDXVHGKLPWRVPLOHZLWKWKHVDPHNLQGRIVDWLVIDFWLRQ
H[SHULHQFHGE\DWUDYHOOHUZKRIURPWKHVXPPLWRIDPRXQWDLQ
EHKROGVDWKLVIHHWWKHFUDJJ\HPLQHQFHVWKHDOPRVW
LPSDVVDEOHSDWKVDQGWKHIHDUIXOFKDVPVWKURXJKZKLFKKH
KDVVRSHULORXVO\FOLPEHG:KHQKHKDGUXQRYHUDOOWKHVH
QDPHVLQKLVPHPRU\DJDLQUHDGDQGVWXGLHGWKHPFRPPHQWLQJ
PHDQZKLOHXSRQKLVOLVWVKHVKRRNKLVKHDG
1RKHPXUPXUHGQRQHRIP\HQHPLHVZRXOGKDYHZDLWHGVR
SDWLHQWO\DQGODERULRXVO\IRUVRORQJDVSDFHRIWLPHWKDW
WKH\PLJKWQRZFRPHDQGFUXVKPHZLWKWKLVVHFUHW
6RPHWLPHVDV+DPOHWVD\V
C)RXOGHHGVZLOOULVH

893

7KRDOOWKHHDUWKR
HUZKHOPWKHPWRPHQ
VH\HV

EXWOLNHDSKRVSKRULFOLJKWWKH\ULVHEXWWRPLVOHDG7KH
VWRU\KDVEHHQWROGE\WKH&RUVLFDQWRVRPHSULHVWZKRLQ
KLVWXUQKDVUHSHDWHGLW0GH0RQWH&ULVWRPD\KDYHKHDUG
LWDQGWRHQOLJKWHQKLPVHOIEXWZK\VKRXOGKHZLVKWR
HQOLJKWHQKLPVHOIXSRQWKHVXEMHFW"DVNHG9LOOHIRUWDIWHU
DPRPHQW
VUHIOHFWLRQZKDWLQWHUHVWFDQWKLV0GH0RQWH
&ULVWRRU0=DFFRQHVRQRIDVKLSRZQHURI0DOWD
GLVFRYHUHURIDPLQHLQ7KHVVDO\QRZYLVLWLQJ3DULVIRUWKH
ILUVWWLPHZKDWLQWHUHVW,VD\FDQKHWDNHLQ
GLVFRYHULQJDJORRP\P\VWHULRXVDQGXVHOHVVIDFWOLNH
WKLV"+RZHYHUDPRQJDOOWKHLQFRKHUHQWGHWDLOVJLYHQWRPH
E\WKH$EEH%XVRQLDQGE\/RUG:LOPRUHE\WKDWIULHQGDQG
WKDWHQHP\RQHWKLQJDSSHDUVFHUWDLQDQGFOHDULQP\
RSLQLRQWKDWLQQRSHULRGLQQRFDVHLQQR
FLUFXPVWDQFHFRXOGWKHUHKDYHEHHQDQ\FRQWDFWEHWZHHQKLP
DQGPH
%XW9LOOHIRUWXWWHUHGZRUGVZKLFKHYHQKHKLPVHOIGLGQRW
EHOLHYH+HGUHDGHGQRWVRPXFKWKHUHYHODWLRQIRUKHFRXOG
UHSO\WRRUGHQ\LWVWUXWKKHFDUHGOLWWOHIRUWKDW
PHQHWHNHOXSKDUVLQZKLFKDSSHDUHGVXGGHQO\LQOHWWHUVRI
EORRGXSRQWKHZDOOEXWZKDWKHZDVUHDOO\DQ[LRXVIRU
ZDVWRGLVFRYHUZKRVHKDQGKDGWUDFHGWKHP:KLOHKHZDV
HQGHDYRULQJWRFDOPKLVIHDUVDQGLQVWHDGRIGZHOOLQJ
XSRQWKHSROLWLFDOIXWXUHWKDWKDGVRRIWHQEHHQWKHVXEMHFW
RIKLVDPELWLRXVGUHDPVZDVLPDJLQLQJDIXWXUHOLPLWHGWR
WKHHQMR\PHQWVRIKRPHLQIHDURIDZDNHQLQJWKHHQHP\WKDW
KDGVRORQJVOHSWWKHQRLVHRIDFDUULDJHVRXQGHGLQWKH
\DUGWKHQKHKHDUGWKHVWHSVRIDQDJHGSHUVRQDVFHQGLQJ
WKHVWDLUVIROORZHGE\WHDUVDQGODPHQWDWLRQVVXFKDV
VHUYDQWVDOZD\VJLYHYHQWWRZKHQWKH\ZLVKWRDSSHDU
LQWHUHVWHGLQWKHLUPDVWHU
VJULHI+HGUHZEDFNWKHEROWRI
KLVGRRUDQGDOPRVWGLUHFWO\DQROGODG\HQWHUHG
XQDQQRXQFHGFDUU\LQJKHUVKDZORQKHUDUPDQGKHUERQQHW
LQKHUKDQG7KHZKLWHKDLUZDVWKURZQEDFNIURPKHU\HOORZ
IRUHKHDGDQGKHUH\HVDOUHDG\VXQNHQE\WKHIXUURZVRI
DJHQRZDOPRVWGLVDSSHDUHGEHQHDWKWKHH\HOLGVVZROOHQZLWK
JULHI2KVLUVKHVDLGRKVLUZKDWDPLVIRUWXQH,
VKDOOGLHRILWRK\HV,VKDOOFHUWDLQO\GLHRILW
$QGWKHQIDOOLQJXSRQWKHFKDLUQHDUHVWWKHGRRUVKHEXUVW
LQWRDSDUR[\VPRIVREV7KHVHUYDQWVVWDQGLQJLQWKH

894

GRRUZD\QRWGDULQJWRDSSURDFKQHDUHUZHUHORRNLQJDW
1RLUWLHU
VROGVHUYDQWZKRKDGKHDUGWKHQRLVHIURPKLV
PDVWHU
VURRPDQGUXQWKHUHDOVRUHPDLQLQJEHKLQGWKH
RWKHUV9LOOHIRUWURVHDQGUDQWRZDUGVKLVPRWKHULQODZ
IRULWZDVVKH
:K\ZKDWFDQKDYHKDSSHQHG"KHH[FODLPHGZKDWKDVWKXV
GLVWXUEHG\RX",V0GH6DLQW0HUDQZLWK\RX"
0GH6DLQW0HUDQLVGHDGDQVZHUHGWKHROGPDUFKLRQHVV
ZLWKRXWSUHIDFHDQGZLWKRXWH[SUHVVLRQVKHDSSHDUHGWREH
VWXSHILHG9LOOHIRUWGUHZEDFNDQGFODVSLQJKLVKDQGV
WRJHWKHUH[FODLPHG'HDGVRVXGGHQO\"
$ZHHNDJRFRQWLQXHG0DGDPHGH6DLQW0HUDQZHZHQWRXW
WRJHWKHULQWKHFDUULDJHDIWHUGLQQHU0GH6DLQW0HUDQKDG
EHHQXQZHOOIRUVRPHGD\VVWLOOWKHLGHDRIVHHLQJRXU
GHDU9DOHQWLQHDJDLQLQVSLUHGKLPZLWKFRXUDJHDQG
QRWZLWKVWDQGLQJKLVLOOQHVVKHZRXOGOHDYH$WVL[OHDJXHV
IURP0DUVHLOOHVDIWHUKDYLQJHDWHQVRPHRIWKHOR]HQJHVKH
LVDFFXVWRPHGWRWDNHKHIHOOLQWRVXFKDGHHSVOHHSWKDW
LWDSSHDUHGWRPHXQQDWXUDOVWLOO,KHVLWDWHGWRZDNHKLP
DOWKRXJK,IDQFLHGWKDWKLVIDFHZDVIOXVKHGDQGWKDWWKH
YHLQVRIKLVWHPSOHVWKUREEHGPRUHYLROHQWO\WKDQXVXDO
+RZHYHUDVLWEHFDPHGDUNDQG,FRXOGQRORQJHUVHH,
IHOODVOHHS,ZDVVRRQDURXVHGE\DSLHUFLQJVKULHNDV
IURPDSHUVRQVXIIHULQJLQKLVGUHDPVDQGKHVXGGHQO\WKUHZ
KLVKHDGEDFNYLROHQWO\,FDOOHGWKHYDOHW,VWRSSHGWKH
SRVWLOLRQ,VSRNHWR0GH6DLQW0HUDQ,DSSOLHGP\
VPHOOLQJVDOWVEXWDOOZDVRYHUDQG,DUULYHGDW$L[E\
WKHVLGHRIDFRUSVH9LOOHIRUWVWRRGZLWKKLVPRXWKKDOI
RSHQTXLWHVWXSHILHG
2IFRXUVH\RXVHQWIRUDGRFWRU"
,PPHGLDWHO\EXWDV,KDYHWROG\RXLWZDVWRRODWH
<HVEXWWKHQKHFRXOGWHOORIZKDWFRPSODLQWWKHSRRU
PDUTXLVKDGGLHG
2K\HVVLUKHWROGPHLWDSSHDUVWRKDYHEHHQDQ
DSRSOHFWLFVWURNH
$QGZKDWGLG\RXGRWKHQ"

895

0GH6DLQW0HUDQKDGDOZD\VH[SUHVVHGDGHVLUHLQFDVH
KLVGHDWKKDSSHQHGGXULQJKLVDEVHQFHIURP3DULVWKDWKLV
ERG\PLJKWEHEURXJKWWRWKHIDPLO\YDXOW,KDGKLPSXW
LQWRDOHDGHQFRIILQDQG,DPSUHFHGLQJKLPE\DIHZGD\V
2KP\SRRUPRWKHUVDLG9LOOHIRUWWRKDYHVXFKGXWLHV
WRSHUIRUPDW\RXUDJHDIWHUVXFKDEORZ
*RGKDVVXSSRUWHGPHWKURXJKDOODQGWKHQP\GHDU
PDUTXLVKHZRXOGFHUWDLQO\KDYHGRQHHYHU\WKLQJIRUPHWKDW
,SHUIRUPHGIRUKLP,WLVWUXHWKDWVLQFH,OHIWKLP,
VHHPWRKDYHORVWP\VHQVHV,FDQQRWFU\DWP\DJHWKH\
VD\WKDWZHKDYHQRPRUHWHDUVVWLOO,WKLQNWKDWZKHQ
RQHLVLQWURXEOHRQHVKRXOGKDYHWKHSRZHURIZHHSLQJ
:KHUHLV9DOHQWLQHVLU",WLVRQKHUDFFRXQW,DPKHUH,
ZLVKWRVHH9DOHQWLQH9LOOHIRUWWKRXJKWLWZRXOGEH
WHUULEOHWRUHSO\WKDW9DOHQWLQHZDVDWDEDOOVRKHRQO\
VDLGWKDWVKHKDGJRQHRXWZLWKKHUVWHSPRWKHUDQGWKDW
VKHVKRXOGEHIHWFKHG7KLVLQVWDQWVLUWKLVLQVWDQW,
EHVHHFK\RXVDLGWKHROGODG\9LOOHIRUWSODFHGWKHDUPRI
0DGDPHGH6DLQW0HUDQZLWKLQKLVRZQDQGFRQGXFWHGKHUWR
KLVDSDUWPHQW5HVW\RXUVHOIPRWKHUKHVDLG
7KHPDUFKLRQHVVUDLVHGKHUKHDGDWWKLVZRUGDQGEHKROGLQJ
WKHPDQZKRVRIRUFLEO\UHPLQGHGKHURIKHUGHHSO\UHJUHWWHG
FKLOGZKRVWLOOOLYHGIRUKHULQ9DOHQWLQHVKHIHOW
WRXFKHGDWWKHQDPHRIPRWKHUDQGEXUVWLQJLQWRWHDUVVKH
IHOORQKHUNQHHVEHIRUHDQDUPFKDLUZKHUHVKHEXULHGKHU
YHQHUDEOHKHDG9LOOHIRUWOHIWKHUWRWKHFDUHRIWKHZRPHQ
ZKLOHROG%DUURLVUDQKDOIVFDUHGWRKLVPDVWHUIRU
QRWKLQJIULJKWHQVROGSHRSOHVRPXFKDVZKHQGHDWKUHOD[HV
LWVYLJLODQFHRYHUWKHPIRUDPRPHQWLQRUGHUWRVWULNHVRPH
RWKHUROGSHUVRQ7KHQZKLOH0DGDPHGH6DLQW0HUDQUHPDLQHG
RQKHUNQHHVSUD\LQJIHUYHQWO\9LOOHIRUWVHQWIRUDFDE
DQGZHQWKLPVHOIWRIHWFKKLVZLIHDQGGDXJKWHUIURP0DGDPH
GH0RUFHUI
V+HZDVVRSDOHZKHQKHDSSHDUHGDWWKHGRRURI
WKHEDOOURRPWKDW9DOHQWLQHUDQWRKLPVD\LQJ
2KIDWKHUVRPHPLVIRUWXQHKDVKDSSHQHG
<RXUJUDQGPDPPDKDVMXVWDUULYHG9DOHQWLQHVDLG0GH
9LOOHIRUW

896

$QGJUDQGSDSD"LQTXLUHGWKH\RXQJJLUOWUHPEOLQJZLWK
DSSUHKHQVLRQ0GH9LOOHIRUWRQO\UHSOLHGE\RIIHULQJKLV
DUPWRKLVGDXJKWHU,WZDVMXVWLQWLPHIRU9DOHQWLQH
V
KHDGVZDPDQGVKHVWDJJHUHG0DGDPHGH9LOOHIRUWLQVWDQWO\
KDVWHQHGWRKHUDVVLVWDQFHDQGDLGHGKHUKXVEDQGLQ
GUDJJLQJKHUWRWKHFDUULDJHVD\LQJ:KDWDVLQJXODU
HYHQW:KRFRXOGKDYHWKRXJKWLW"$K\HVLWLVLQGHHG
VWUDQJH$QGWKHZUHWFKHGIDPLO\GHSDUWHGOHDYLQJDFORXG
RIVDGQHVVKDQJLQJRYHUWKHUHVWRIWKHHYHQLQJ$WWKHIRRW
RIWKHVWDLUV9DOHQWLQHIRXQG%DUURLVDZDLWLQJKHU
01RLUWLHUZLVKHVWRVHH\RXWRQLJKWKHVDLGLQDQ
XQGHUWRQH
7HOOKLP,ZLOOFRPHZKHQ,OHDYHP\GHDUJUDQGPDPPDVKH
UHSOLHGIHHOLQJZLWKWUXHGHOLFDF\WKDWWKHSHUVRQWR
ZKRPVKHFRXOGEHRIWKHPRVWVHUYLFHMXVWWKHQZDV0DGDPH
GH6DLQW0HUDQ9DOHQWLQHIRXQGKHUJUDQGPRWKHULQEHG
VLOHQWFDUHVVHVKHDUWZUXQJVREVEURNHQVLJKVEXUQLQJ
WHDUVZHUHDOOWKDWSDVVHGLQWKLVVDGLQWHUYLHZZKLOH
0DGDPHGH9LOOHIRUWOHDQLQJRQKHUKXVEDQG
VDUP
PDLQWDLQHGDOORXWZDUGIRUPVRIUHVSHFWDWOHDVWWRZDUGV
WKHSRRUZLGRZ6KHVRRQZKLVSHUHGWRKHUKXVEDQG,WKLQN
LWZRXOGEHEHWWHUIRUPHWRUHWLUHZLWK\RXUSHUPLVVLRQ
IRUWKHVLJKWRIPHDSSHDUVVWLOOWRDIIOLFW\RXU
PRWKHULQODZ0DGDPHGH6DLQW0HUDQKHDUGKHU<HV\HV
VKHVDLGVRIWO\WR9DOHQWLQHOHWKHUOHDYHEXWGR\RX
VWD\0DGDPHGH9LOOHIRUWOHIWDQG9DOHQWLQHUHPDLQHG
DORQHEHVLGHWKHEHGIRUWKHSURFXUHXURYHUFRPHZLWK
DVWRQLVKPHQWDWWKHXQH[SHFWHGGHDWKKDGIROORZHGKLVZLIH
0HDQZKLOH%DUURLVKDGUHWXUQHGIRUWKHILUVWWLPHWRROG
1RLUWLHUZKRKDYLQJKHDUGWKHQRLVHLQWKHKRXVHKDGDV
ZHKDYHVDLGVHQWKLVROGVHUYDQWWRLQTXLUHWKHFDXVHRQ
KLVUHWXUQKLVTXLFNLQWHOOLJHQWH\HLQWHUURJDWHGWKH
PHVVHQJHU$ODVVLUH[FODLPHG%DUURLVDJUHDW
PLVIRUWXQHKDVKDSSHQHG0DGDPHGH6DLQW0HUDQKDVDUULYHG
DQGKHUKXVEDQGLVGHDG
0GH6DLQW0HUDQDQG1RLUWLHUKDGQHYHUEHHQRQVWULFW
WHUPVRIIULHQGVKLSVWLOOWKHGHDWKRIRQHROGPDQDOZD\V
FRQVLGHUDEO\DIIHFWVDQRWKHU1RLUWLHUOHWKLVKHDGIDOO
XSRQKLVFKHVWDSSDUHQWO\RYHUZKHOPHGDQGWKRXJKWIXOWKHQ
KHFORVHGRQHH\HLQWRNHQRILQTXLU\0DGHPRLVHOOH
9DOHQWLQH"1RLUWLHUQRGGHGKLVKHDG6KHLVDWWKHEDOO

897

DV\RXNQRZVLQFHVKHFDPHWRVD\JRRGE\WR\RXLQIXOO
GUHVV1RLUWLHUDJDLQFORVHGKLVOHIWH\H'R\RXZLVKWR
VHHKHU"1RLUWLHUDJDLQPDGHDQDIILUPDWLYHVLJQ:HOO
WKH\KDYHJRQHWRIHWFKKHUQRGRXEWIURP0DGDPHGH
0RUFHUI
V,ZLOODZDLWKHUUHWXUQDQGEHJKHUWRFRPHXS
KHUH,VWKDWZKDW\RXZLVKIRU"
<HVUHSOLHGWKHLQYDOLG
%DUURLVWKHUHIRUHDVZHKDYHVHHQZDWFKHGIRU9DOHQWLQH
DQGLQIRUPHGKHURIKHUJUDQGIDWKHU
VZLVK&RQVHTXHQWO\
9DOHQWLQHFDPHXSWR1RLUWLHURQOHDYLQJ0DGDPHGH
6DLQW0HUDQZKRLQWKHPLGVWRIKHUJULHIKDGDWODVW
\LHOGHGWRIDWLJXHDQGIDOOHQLQWRDIHYHULVKVOHHS:LWKLQ
UHDFKRIKHUKDQGWKH\SODFHGDVPDOOWDEOHXSRQZKLFKVWRRG
DERWWOHRIRUDQJHDGHKHUXVXDOEHYHUDJHDQGDJODVV
7KHQDVZHKDYHVDLGWKH\RXQJJLUOOHIWWKHEHGVLGHWR
VHH01RLUWLHU9DOHQWLQHNLVVHGWKHROGPDQZKRORRNHGDW
KHUZLWKVXFKWHQGHUQHVVWKDWKHUH\HVDJDLQILOOHGZLWK
WHDUVZKRVHVRXUFHVKHWKRXJKWPXVWEHH[KDXVWHG7KHROG
JHQWOHPDQFRQWLQXHGWRGZHOOXSRQKHUZLWKWKHVDPH
H[SUHVVLRQ<HV\HVVDLG9DOHQWLQH\RXPHDQWKDW,
KDYH\HWDNLQGJUDQGIDWKHUOHIWGR\RXQRW7KHROGPDQ
LQWLPDWHGWKDWVXFKZDVKLVPHDQLQJ$K\HVKDSSLO\,
KDYHUHSOLHG9DOHQWLQH:LWKRXWWKDWZKDWZRXOGEHFRPH
RIPH"
,WZDVRQHR
FORFNLQWKHPRUQLQJ%DUURLVZKRZLVKHGWRJR
WREHGKLPVHOIREVHUYHGWKDWDIWHUVXFKVDGHYHQWVHYHU\
RQHVWRRGLQQHHGRIUHVW1RLUWLHUZRXOGQRWVD\WKDWWKH
RQO\UHVWKHQHHGHGZDVWRVHHKLVFKLOGEXWZLVKHGKHU
JRRGQLJKWIRUJULHIDQGIDWLJXHKDGPDGHKHUDSSHDUTXLWH
LOO7KHQH[WPRUQLQJVKHIRXQGKHUJUDQGPRWKHULQEHGWKH
IHYHUKDGQRWDEDWHGRQWKHFRQWUDU\KHUH\HVJOLVWHQHGDQG
VKHDSSHDUHGWREHVXIIHULQJIURPYLROHQWQHUYRXV
LUULWDELOLW\2KGHDUJUDQGPDPPDDUH\RXZRUVH"
H[FODLPHG9DOHQWLQHSHUFHLYLQJDOOWKHVHVLJQVRI
DJLWDWLRQ
1RP\FKLOGQRVDLG0DGDPHGH6DLQW0HUDQEXW,ZDV
LPSDWLHQWO\ZDLWLQJIRU\RXUDUULYDOWKDW,PLJKWVHQGIRU
\RXUIDWKHU
0\IDWKHU"LQTXLUHG9DOHQWLQHXQHDVLO\

898

<HV,ZLVKWRVSHDNWRKLP9DOHQWLQHGXUVWQRWRSSRVH
KHUJUDQGPRWKHU
VZLVKWKHFDXVHRIZKLFKVKHGLGQRWNQRZ
DQGDQLQVWDQWDIWHUZDUGV9LOOHIRUWHQWHUHG6LUVDLG
0DGDPHGH6DLQW0HUDQZLWKRXWXVLQJDQ\FLUFXPORFXWLRQDQG
DVLIIHDULQJVKHKDGQRWLPHWRORVH\RXZURWHWRPH
FRQFHUQLQJWKHPDUULDJHRIWKLVFKLOG"
<HVPDGDPHUHSOLHG9LOOHIRUWLWLVQRWRQO\SURMHFWHG
EXWDUUDQJHG
<RXULQWHQGHGVRQLQODZLVQDPHG0)UDQ]G
(SLQD\"
<HVPDGDPH
,VKHQRWWKHVRQRI*HQHUDOG
(SLQD\ZKRZDVRQRXUVLGH
DQGZKRZDVDVVDVVLQDWHGVRPHGD\VEHIRUHWKHXVXUSHU
UHWXUQHGIURPWKH,VODQGRI(OED"
7KHVDPH
'RHVKHQRWGLVOLNHWKHLGHDRIPDUU\LQJWKHJUDQGGDXJKWHU
RID-DFRELQ"
2XUFLYLOGLVVHQVLRQVDUHQRZKDSSLO\H[WLQJXLVKHG
PRWKHUVDLG9LOOHIRUW0G
(SLQD\ZDVTXLWHDFKLOGZKHQ
KLVIDWKHUGLHGKHNQRZVYHU\OLWWOHRI01RLUWLHUDQG
ZLOOPHHWKLPLIQRWZLWKSOHDVXUHDWOHDVWZLWK
LQGLIIHUHQFH
,VLWDVXLWDEOHPDWFK"
,QHYHU\UHVSHFW
$QGWKH\RXQJPDQ"
,VUHJDUGHGZLWKXQLYHUVDOHVWHHP
<RXDSSURYHRIKLP"
+HLVRQHRIWKHPRVWZHOOEUHG\RXQJPHQ,NQRZ'XULQJ
WKHZKROHRIWKLVFRQYHUVDWLRQ9DOHQWLQHKDGUHPDLQHG
VLOHQW:HOOVLUVDLG0DGDPHGH6DLQW0HUDQDIWHUDIHZ
PLQXWHV
UHIOHFWLRQ,PXVWKDVWHQWKHPDUULDJHIRU,KDYH

899

EXWDVKRUWWLPHWROLYH
<RXPDGDPH"<RXGHDUPDPPD"H[FODLPHG0GH9LOOHIRUW
DQG9DOHQWLQHDWWKHVDPHWLPH
,NQRZZKDW,DPVD\LQJFRQWLQXHGWKHPDUFKLRQHVV,
PXVWKXUU\\RXVRWKDWDVVKHKDVQRPRWKHUVKHPD\DW
OHDVWKDYHDJUDQGPRWKHUWREOHVVKHUPDUULDJH,DPDOO
WKDWLVOHIWWRKHUEHORQJLQJWRP\SRRU5HQHHZKRP\RX
KDYHVRVRRQIRUJRWWHQVLU
$KPDGDPHVDLG9LOOHIRUW\RXIRUJHWWKDW,ZDVREOLJHG
WRJLYHDPRWKHUWRP\FKLOG
$VWHSPRWKHULVQHYHUDPRWKHUVLU%XWWKLVLVQRWWRWKH
SXUSRVHRXUEXVLQHVVFRQFHUQV9DOHQWLQHOHWXVOHDYH
WKHGHDGLQSHDFH
$OOWKLVZDVVDLGZLWKVXFKH[FHHGLQJUDSLGLW\WKDWWKHUH
ZDVVRPHWKLQJLQWKHFRQYHUVDWLRQWKDWVHHPHGOLNHWKH
EHJLQQLQJRIGHOLULXP
,WVKDOOEHDV\RXZLVKPDGDPHVDLG9LOOHIRUWPRUH
HVSHFLDOO\VLQFH\RXUZLVKHVFRLQFLGHZLWKPLQHDQGDVVRRQ
DV0G
(SLQD\DUULYHVLQ3DULV
0\GHDUJUDQGPRWKHULQWHUUXSWHG9DOHQWLQHFRQVLGHU
GHFRUXPWKHUHFHQWGHDWK<RXZRXOGQRWKDYHPHPDUU\
XQGHUVXFKVDGDXVSLFHV"
0\FKLOGH[FODLPHGWKHROGODG\VKDUSO\OHWXVKHDU
QRQHRIWKHFRQYHQWLRQDOREMHFWLRQVWKDWGHWHUZHDNPLQGV
IURPSUHSDULQJIRUWKHIXWXUH,DOVRZDVPDUULHGDWWKH
GHDWKEHGRIP\PRWKHUDQGFHUWDLQO\,KDYHQRWEHHQOHVV
KDSS\RQWKDWDFFRXQW
6WLOOWKDWLGHDRIGHDWKPDGDPHVDLG9LOOHIRUW
6WLOO"$OZD\V,WHOO\RX,DPJRLQJWRGLHGR\RX
XQGHUVWDQG":HOOEHIRUHG\LQJ,ZLVKWRVHHP\VRQLQODZ
,ZLVKWRWHOOKLPWRPDNHP\FKLOGKDSS\,ZLVKWRUHDGLQ
KLVH\HVZKHWKHUKHLQWHQGVWRREH\PHLQIDFW,ZLOO
NQRZKLP,ZLOOFRQWLQXHGWKHROGODG\ZLWKDIHDUIXO
H[SUHVVLRQWKDW,PD\ULVHIURPWKHGHSWKVRIP\JUDYHWR

900

ILQGKLPLIKHVKRXOGQRWIXOILOKLVGXW\
0DGDPHVDLG9LOOHIRUW\RXPXVWOD\DVLGHWKHVHH[DOWHG
LGHDVZKLFKDOPRVWDVVXPHWKHDSSHDUDQFHRIPDGQHVV7KH
GHDGRQFHEXULHGLQWKHLUJUDYHVULVHQRPRUH
$QG,WHOO\RXVLUWKDW\RXDUHPLVWDNHQ7KLVQLJKW,
KDYHKDGDIHDUIXOVOHHS,WVHHPHGDVWKRXJKP\VRXOZHUH
DOUHDG\KRYHULQJRYHUP\ERG\P\H\HVZKLFK,WULHGWR
RSHQFORVHGDJDLQVWP\ZLOODQGZKDWZLOODSSHDU
LPSRVVLEOHDERYHDOOWR\RXVLU,VDZZLWKP\H\HVVKXW
LQWKHVSRWZKHUH\RXDUHQRZVWDQGLQJLVVXLQJIURPWKDW
FRUQHUZKHUHWKHUHLVDGRRUOHDGLQJLQWR0DGDPH9LOOHIRUW
V
GUHVVLQJURRP,VDZ,WHOO\RXVLOHQWO\HQWHUDZKLWH
ILJXUH9DOHQWLQHVFUHDPHG,WZDVWKHIHYHUWKDW
GLVWXUEHG\RXPDGDPHVDLG9LOOHIRUW
'RXEWLI\RXSOHDVHEXW,DPVXUHRIZKDW,VD\,VDZD
ZKLWHILJXUHDQGDVLIWRSUHYHQWP\GLVFUHGLWLQJWKH
WHVWLPRQ\RIRQO\RQHRIP\VHQVHV,KHDUGP\JODVVUHPRYHG
WKHVDPHZKLFKLVWKHUHQRZRQWKHWDEOH
2KGHDUPRWKHULWZDVDGUHDP
6ROLWWOHZDVLWDGUHDPWKDW,VWUHWFKHGP\KDQGWRZDUGV
WKHEHOOEXWZKHQ,GLGVRWKHVKDGHGLVDSSHDUHGP\PDLG
WKHQHQWHUHGZLWKDOLJKW
%XWVKHVDZQRRQH"
3KDQWRPVDUHYLVLEOHWRWKRVHRQO\ZKRRXJKWWRVHHWKHP
,WZDVWKHVRXORIP\KXVEDQG:HOOLIP\KXVEDQG
VVRXO
FDQFRPHWRPHZK\VKRXOGQRWP\VRXOUHDSSHDUWRJXDUGP\
JUDQGGDXJKWHU"WKHWLHLVHYHQPRUHGLUHFWLWVHHPVWRPH
2KPDGDPHVDLG9LOOHIRUWGHHSO\DIIHFWHGLQVSLWHRI
KLPVHOIGRQRW\LHOGWRWKRVHJORRP\WKRXJKWV\RXZLOO
ORQJOLYHZLWKXVKDSS\ORYHGDQGKRQRUHGDQGZHZLOO
PDNH\RXIRUJHW
1HYHUQHYHUQHYHUVDLGWKHPDUFKLRQHVVZKHQGRHV0
G
(SLQD\UHWXUQ"
:HH[SHFWKLPHYHU\PRPHQW

901

,WLVZHOO$VVRRQDVKHDUULYHVLQIRUPPH:HPXVWEH
H[SHGLWLRXV$QGWKHQ,DOVRZLVKWRVHHDQRWDU\WKDW,
PD\EHDVVXUHGWKDWDOORXUSURSHUW\UHWXUQVWR9DOHQWLQH
$KJUDQGPDPPDPXUPXUHG9DOHQWLQHSUHVVLQJKHUOLSVRQ
WKHEXUQLQJEURZGR\RXZLVKWRNLOOPH"2KKRZIHYHULVK
\RXDUHZHPXVWQRWVHQGIRUDQRWDU\EXWIRUDGRFWRU
$GRFWRU"VDLGVKHVKUXJJLQJKHUVKRXOGHUV,DPQRW
LOO,DPWKLUVW\WKDWLVDOO
:KDWDUH\RXGULQNLQJGHDUJUDQGPDPPD"
7KHVDPHDVXVXDOP\GHDUP\JODVVLVWKHUHRQWKHWDEOH
JLYHLWWRPH9DOHQWLQH9DOHQWLQHSRXUHGWKHRUDQJHDGH
LQWRDJODVVDQGJDYHLWWRKHUJUDQGPRWKHUZLWKDFHUWDLQ
GHJUHHRIGUHDGIRULWZDVWKHVDPHJODVVVKHIDQFLHGWKDW
KDGEHHQWRXFKHGE\WKHVSHFWUH7KHPDUFKLRQHVVGUDLQHGWKH
JODVVDWDVLQJOHGUDXJKWDQGWKHQWXUQHGRQKHUSLOORZ
UHSHDWLQJ7KHQRWDU\WKHQRWDU\
0GH9LOOHIRUWOHIWWKHURRPDQG9DOHQWLQHVHDWHGKHUVHOI
DWWKHEHGVLGHRIKHUJUDQGPRWKHU7KHSRRUFKLOGDSSHDUHG
KHUVHOIWRUHTXLUHWKHGRFWRUVKHKDGUHFRPPHQGHGWRKHU
DJHGUHODWLYH$EULJKWVSRWEXUQHGLQHLWKHUFKHHNKHU
UHVSLUDWLRQZDVVKRUWDQGGLIILFXOWDQGKHUSXOVHEHDWZLWK
IHYHULVKH[FLWHPHQW6KHZDVWKLQNLQJRIWKHGHVSDLURI
0D[LPLOLDQZKHQKHVKRXOGEHLQIRUPHGWKDW0DGDPHGH
6DLQW0HUDQLQVWHDGRIEHLQJDQDOO\ZDVXQFRQVFLRXVO\
DFWLQJDVKLVHQHP\0RUHWKDQRQFHVKHWKRXJKWRIUHYHDOLQJ
DOOWRKHUJUDQGPRWKHUDQGVKHZRXOGQRWKDYHKHVLWDWHGD
PRPHQWLI0D[LPLOLDQ0RUUHOKDGEHHQQDPHG$OEHUWGH
0RUFHUIRU5DRXOGH&KDWHDX5HQDXGEXW0RUUHOZDVRI
SOHEHLDQH[WUDFWLRQDQG9DOHQWLQHNQHZKRZWKHKDXJKW\
0DUTXLVHGH6DLQW0HUDQGHVSLVHGDOOZKRZHUHQRWQREOH+HU
VHFUHWKDGHDFKWLPHEHHQUHSUHVVHGZKHQVKHZDVDERXWWR
UHYHDOLWE\WKHVDGFRQYLFWLRQWKDWLWZRXOGEHXVHOHVVWR
GRVRIRUZHUHLWRQFHGLVFRYHUHGE\KHUIDWKHUDQG
PRWKHUDOOZRXOGEHORVW7ZRKRXUVSDVVHGWKXV0DGDPHGH
6DLQW0HUDQZDVLQDIHYHULVKVOHHSDQGWKHQRWDU\KDG
DUULYHG7KRXJKKLVFRPLQJZDVDQQRXQFHGLQDYHU\ORZWRQH
0DGDPHGH6DLQW0HUDQDURVHIURPKHUSLOORZ7KHQRWDU\
VKHH[FODLPHGOHWKLPFRPHLQ

902

7KHQRWDU\ZKRZDVDWWKHGRRULPPHGLDWHO\HQWHUHG*R
9DOHQWLQHVDLG0DGDPHGH6DLQW0HUDQDQGOHDYHPHZLWK
WKLVJHQWOHPDQ
%XWJUDQGPDPPD
/HDYHPHJR7KH\RXQJJLUONLVVHGKHUJUDQGPRWKHUDQG
OHIWZLWKKHUKDQGNHUFKLHIWRKHUH\HVDWWKHGRRUVKH
IRXQGWKHYDOHWGHFKDPEUHZKRWROGKHUWKDWWKHGRFWRUZDV
ZDLWLQJLQWKHGLQLQJURRP9DOHQWLQHLQVWDQWO\UDQGRZQ
7KHGRFWRUZDVDIULHQGRIWKHIDPLO\DQGDWWKHVDPHWLPH
RQHRIWKHFOHYHUHVWPHQRIWKHGD\DQGYHU\IRQGRI
9DOHQWLQHZKRVHELUWKKHKDGZLWQHVVHG+HKDGKLPVHOID
GDXJKWHUDERXWKHUDJHEXWZKRVHOLIHZDVRQHFRQWLQXHG
VRXUFHRIDQ[LHW\DQGIHDUWRKLPIURPKHUPRWKHUKDYLQJ
EHHQFRQVXPSWLYH
2KVDLG9DOHQWLQHZHKDYHEHHQZDLWLQJIRU\RXZLWK
VXFKLPSDWLHQFHGHDU0G
$YULJQ\%XWILUVWRIDOOKRZ
DUH0DGHOHLQHDQG$QWRLQHWWH"0DGHOHLQHZDVWKHGDXJKWHURI
0G
$YULJQ\DQG$QWRLQHWWHKLVQLHFH0G
$YULJQ\VPLOHG
VDGO\$QWRLQHWWHLVYHU\ZHOOKHVDLGDQG0DGHOHLQH
WROHUDEO\VR%XW\RXVHQWIRUPHP\GHDUFKLOG,WLVQRW
\RXUIDWKHURU0DGDPHGH9LOOHIRUWZKRLVLOO$VIRU\RX
DOWKRXJKZHGRFWRUVFDQQRWGLYHVWRXUSDWLHQWVRIQHUYHV,
IDQF\\RXKDYHQRIXUWKHUQHHGRIPHWKDQWRUHFRPPHQG\RX
QRWWRDOORZ\RXULPDJLQDWLRQWRWDNHWRRZLGHDILHOG
9DOHQWLQHFRORUHG0G
$YULJQ\FDUULHGWKHVFLHQFHRI
GLYLQDWLRQDOPRVWWRDPLUDFXORXVH[WHQWIRUKHZDVRQHRI
WKHSK\VLFLDQVZKRDOZD\VZRUNXSRQWKHERG\WKURXJKWKH
PLQG1RVKHUHSOLHGLWLVIRUP\SRRUJUDQGPRWKHU<RX
NQRZWKHFDODPLW\WKDWKDVKDSSHQHGWRXVGR\RXQRW"
,NQRZQRWKLQJVDLG0G
$YULJQ\
$ODVVDLG9DOHQWLQHUHVWUDLQLQJKHUWHDUVP\
JUDQGIDWKHULVGHDG
0GH6DLQW0HUDQ"
<HV
6XGGHQO\"

903

)URPDQDSRSOHFWLFVWURNH
$QDSRSOHFWLFVWURNH"UHSHDWHGWKHGRFWRU
<HVDQGP\SRRUJUDQGPRWKHUIDQFLHVWKDWKHUKXVEDQGZKRP
VKHQHYHUOHIWKDVFDOOHGKHUDQGWKDWVKHPXVWJRDQG
MRLQKLP2K0G
$YULJQ\,EHVHHFK\RXGRVRPHWKLQJIRU
KHU
:KHUHLVVKH"
,QKHUURRPZLWKWKHQRWDU\
$QG01RLUWLHU"
-XVWDVKHZDVKLVPLQGSHUIHFWO\FOHDUEXWWKHVDPH
LQFDSDELOLW\RIPRYLQJRUVSHDNLQJ
$QGWKHVDPHORYHIRU\RXHKP\GHDUFKLOG"
<HVVDLG9DOHQWLQHKHZDVYHU\IRQGRIPH
:KRGRHVQRWORYH\RX"9DOHQWLQHVPLOHGVDGO\:KDWDUH
\RXUJUDQGPRWKHU
VV\PSWRPV"
$QH[WUHPHQHUYRXVH[FLWHPHQWDQGDVWUDQJHO\DJLWDWHG
VOHHSVKHIDQFLHGWKLVPRUQLQJLQKHUVOHHSWKDWKHUVRXO
ZDVKRYHULQJDERYHKHUERG\ZKLFKVKHDWWKHVDPHWLPH
ZDWFKHG,WPXVWKDYHEHHQGHOLULXPVKHIDQFLHVWRRWKDW
VKHVDZDSKDQWRPHQWHUKHUFKDPEHUDQGHYHQKHDUGWKHQRLVH
LWPDGHRQWRXFKLQJKHUJODVV
,WLVVLQJXODUVDLGWKHGRFWRU,ZDVQRWDZDUHWKDW
0DGDPHGH6DLQW0HUDQZDVVXEMHFWWRVXFKKDOOXFLQDWLRQV
,WLVWKHILUVWWLPH,HYHUVDZKHULQWKLVFRQGLWLRQ
VDLG9DOHQWLQHDQGWKLVPRUQLQJVKHIULJKWHQHGPHVRWKDW
,WKRXJKWKHUPDGDQGP\IDWKHUZKR\RXNQRZLVD
VWURQJPLQGHGPDQKLPVHOIDSSHDUHGGHHSO\LPSUHVVHG
:HZLOOJRDQGVHHVDLGWKHGRFWRUZKDW\RXWHOOPH
VHHPVYHU\VWUDQJH7KHQRWDU\KHUHGHVFHQGHGDQG
9DOHQWLQHZDVLQIRUPHGWKDWKHUJUDQGPRWKHUZDVDORQH*R

904

XSVWDLUVVKHVDLGWRWKHGRFWRU
$QG\RX"
2K,GDUHQRWVKHIRUEDGHP\VHQGLQJIRU\RXDQGDV
\RXVD\,DPP\VHOIDJLWDWHGIHYHULVKDQGRXWRIVRUWV,
ZLOOJRDQGWDNHDWXUQLQWKHJDUGHQWRUHFRYHUP\VHOI
7KHGRFWRUSUHVVHG9DOHQWLQH
VKDQGDQGZKLOHKHYLVLWHG
KHUJUDQGPRWKHUVKHGHVFHQGHGWKHVWHSV:HQHHGQRWVD\
ZKLFKSRUWLRQRIWKHJDUGHQZDVKHUIDYRULWHZDON$IWHU
UHPDLQLQJIRUDVKRUWWLPHLQWKHSDUWHUUHVXUURXQGLQJWKH
KRXVHDQGJDWKHULQJDURVHWRSODFHLQKHUZDLVWRUKDLU
VKHWXUQHGLQWRWKHGDUNDYHQXHZKLFKOHGWRWKHEHQFKWKHQ
IURPWKHEHQFKVKHZHQWWRWKHJDWH$VXVXDO9DOHQWLQH
VWUROOHGIRUDVKRUWWLPHDPRQJKHUIORZHUVEXWZLWKRXW
JDWKHULQJWKHP7KHPRXUQLQJLQKHUKHDUWIRUEDGHKHU
DVVXPLQJWKLVVLPSOHRUQDPHQWWKRXJKVKHKDGQRW\HWKDG
WLPHWRSXWRQWKHRXWZDUGVHPEODQFHRIZRH6KHWKHQWXUQHG
WRZDUGVWKHDYHQXH$VVKHDGYDQFHGVKHIDQFLHGVKHKHDUGD
YRLFHVSHDNLQJKHUQDPH6KHVWRSSHGDVWRQLVKHGWKHQWKH
YRLFHUHDFKHGKHUHDUPRUHGLVWLQFWO\DQGVKHUHFRJQL]HGLW
WREHWKDWRI0D[LPLOLDQ

&KDSWHU
7KH3URPLVH
,WZDVLQGHHG0D[LPLOLDQ0RUUHOZKRKDGSDVVHGDZUHWFKHG
H[LVWHQFHVLQFHWKHSUHYLRXVGD\:LWKWKHLQVWLQFWSHFXOLDU
WRORYHUVKHKDGDQWLFLSDWHGDIWHUWKHUHWXUQRI0DGDPHGH
6DLQW0HUDQDQGWKHGHDWKRIWKHPDUTXLVWKDWVRPHWKLQJ
ZRXOGRFFXUDW0GH9LOOHIRUW
VLQFRQQHFWLRQZLWKKLV
DWWDFKPHQWIRU9DOHQWLQH+LVSUHVHQWLPHQWVZHUHUHDOL]HG
DVZHVKDOOVHHDQGKLVXQHDV\IRUHERGLQJVKDGJRDGHGKLP
SDOHDQGWUHPEOLQJWRWKHJDWHXQGHUWKHFKHVWQXWWUHHV
9DOHQWLQHZDVLJQRUDQWRIWKHFDXVHRIWKLVVRUURZDQG
DQ[LHW\DQGDVLWZDVQRWKLVDFFXVWRPHGKRXUIRUYLVLWLQJ
KHUVKHKDGJRQHWRWKHVSRWVLPSO\E\DFFLGHQWRUSHUKDSV
WKURXJKV\PSDWK\0RUUHOFDOOHGKHUDQGVKHUDQWRWKH
JDWH<RXKHUHDWWKLVKRXU"VDLGVKH<HVP\SRRU
JLUOUHSOLHG0RUUHO,FRPHWREULQJDQGWRKHDUEDG
WLGLQJV

905

7KLVLVLQGHHGDKRXVHRIPRXUQLQJVDLG9DOHQWLQH
VSHDN0D[LPLOLDQDOWKRXJKWKHFXSRIVRUURZVHHPVDOUHDG\
IXOO
'HDU9DOHQWLQHVDLG0RUUHOHQGHDYRULQJWRFRQFHDOKLV
RZQHPRWLRQOLVWHQ,HQWUHDW\RXZKDW,DPDERXWWRVD\
LVYHU\VHULRXV:KHQDUH\RXWREHPDUULHG"
,ZLOOWHOO\RXDOOVDLG9DOHQWLQHIURP\RX,KDYH
QRWKLQJWRFRQFHDO7KLVPRUQLQJWKHVXEMHFWZDVLQWURGXFHG
DQGP\GHDUJUDQGPRWKHURQZKRP,GHSHQGHGDVP\RQO\
VXSSRUWQRWRQO\GHFODUHGKHUVHOIIDYRUDEOHWRLWEXWLV
VRDQ[LRXVIRULWWKDWWKH\RQO\DZDLWWKHDUULYDORI0
G
(SLQD\DQGWKHIROORZLQJGD\WKHFRQWUDFWZLOOEH
VLJQHG$GHHSVLJKHVFDSHGWKH\RXQJPDQZKRJD]HGORQJ
DQGPRXUQIXOO\DWKHUKHORYHG$ODVUHSOLHGKHLWLV
GUHDGIXOWKXVWRKHDUP\FRQGHPQDWLRQIURP\RXURZQOLSV
7KHVHQWHQFHLVSDVVHGDQGLQDIHZKRXUVZLOOEH
H[HFXWHGLWPXVWEHVRDQG,ZLOOQRWHQGHDYRUWRSUHYHQW
LW%XWVLQFH\RXVD\QRWKLQJUHPDLQVEXWIRU0G
(SLQD\
WRDUULYHWKDWWKHFRQWUDFWPD\EHVLJQHGDQGWKHIROORZLQJ
GD\\RXZLOOEHKLVWRPRUURZ\RXZLOOEHHQJDJHGWR0
G
(SLQD\IRUKHFDPHWKLVPRUQLQJWR3DULV9DOHQWLQH
XWWHUHGDFU\
,ZDVDWWKHKRXVHRI0RQWH&ULVWRDQKRXUVLQFHVDLG
0RUUHOZHZHUHVSHDNLQJKHRIWKHVRUURZ\RXUIDPLO\KDG
H[SHULHQFHGDQG,RI\RXUJULHIZKHQDFDUULDJHUROOHG
LQWRWKHFRXUW\DUG1HYHUWLOOWKHQKDG,SODFHGDQ\
FRQILGHQFHLQSUHVHQWLPHQWVEXWQRZ,FDQQRWKHOSEHOLHYLQJ
WKHP9DOHQWLQH$WWKHVRXQGRIWKDWFDUULDJH,VKXGGHUHG
VRRQ,KHDUGVWHSVRQWKHVWDLUFDVHZKLFKWHUULILHGPHDV
PXFKDVWKHIRRWVWHSVRIWKHFRPPDQGHUGLG'RQ-XDQ7KH
GRRUDWODVWRSHQHG$OEHUWGH0RUFHUIHQWHUHGILUVWDQG,
EHJDQWRKRSHP\IHDUVZHUHYDLQZKHQDIWHUKLPDQRWKHU
\RXQJPDQDGYDQFHGDQGWKHFRXQWH[FODLPHGC$KKHUHLV
WKH%DURQ)UDQ]G
(SLQD\
,VXPPRQHGDOOP\VWUHQJWKDQG
FRXUDJHWRP\VXSSRUW3HUKDSV,WXUQHGSDOHDQGWUHPEOHG
EXWFHUWDLQO\,VPLOHGDQGILYHPLQXWHVDIWHU,OHIW
ZLWKRXWKDYLQJKHDUGRQHZRUGWKDWKDGSDVVHG
3RRU0D[LPLOLDQPXUPXUHG9DOHQWLQH
9DOHQWLQHWKHWLPHKDVDUULYHGZKHQ\RXPXVWDQVZHUPH

906

$QGUHPHPEHUP\OLIHGHSHQGVRQ\RXUDQVZHU:KDWGR\RX
LQWHQGGRLQJ"9DOHQWLQHKHOGGRZQKHUKHDGVKHZDV
RYHUZKHOPHG
/LVWHQVDLG0RUUHOLWLVQRWWKHILUVWWLPH\RXKDYH
FRQWHPSODWHGRXUSUHVHQWSRVLWLRQZKLFKLVDVHULRXVDQG
XUJHQWRQH,GRQRWWKLQNLWLVDPRPHQWWRJLYHZD\WR
XVHOHVVVRUURZOHDYHWKDWIRUWKRVHZKROLNHWRVXIIHUDW
WKHLUOHLVXUHDQGLQGXOJHWKHLUJULHILQVHFUHW7KHUHDUH
VXFKLQWKHZRUOGDQG*RGZLOOGRXEWOHVVUHZDUGWKHPLQ
KHDYHQIRUWKHLUUHVLJQDWLRQRQHDUWKEXWWKRVHZKRPHDQWR
FRQWHQGPXVWQRWORVHRQHSUHFLRXVPRPHQWEXWPXVWUHWXUQ
LPPHGLDWHO\WKHEORZZKLFKIRUWXQHVWULNHV'R\RXLQWHQGWR
VWUXJJOHDJDLQVWRXULOOIRUWXQH"7HOOPH9DOHQWLQHIRULW
LVWKDW,FDPHWRNQRZ
9DOHQWLQHWUHPEOHGDQGORRNHGDWKLPZLWKDPD]HPHQW7KH
LGHDRIUHVLVWLQJKHUIDWKHUKHUJUDQGPRWKHUDQGDOOWKH
IDPLO\KDGQHYHURFFXUUHGWRKHU:KDWGR\RXVD\
0D[LPLOLDQ"DVNHG9DOHQWLQH:KDWGR\RXPHDQE\D
VWUXJJOH"2KLWZRXOGEHDVDFULOHJH:KDW",UHVLVWP\
IDWKHU
VRUGHUDQGP\G\LQJJUDQGPRWKHU
VZLVK"
,PSRVVLEOH0RUUHOVWDUWHG<RXDUHWRRQREOHQRWWR
XQGHUVWDQGPHDQG\RXXQGHUVWDQGPHVRZHOOWKDW\RX
DOUHDG\\LHOGGHDU0D[LPLOLDQ1RQR,VKDOOQHHGDOOP\
VWUHQJWKWRVWUXJJOHZLWKP\VHOIDQGVXSSRUWP\JULHILQ
VHFUHWDV\RXVD\%XWWRJULHYHP\IDWKHUWRGLVWXUEP\
JUDQGPRWKHU
VODVWPRPHQWVQHYHU
<RXDUHULJKWVDLG0RUUHOFDOPO\
,QZKDWDWRQH\RXVSHDNFULHG9DOHQWLQH
,VSHDNDVRQHZKRDGPLUHV\RXPDGHPRLVHOOH
0DGHPRLVHOOHFULHG9DOHQWLQHPDGHPRLVHOOH2KVHOILVK
PDQKHVHHVPHLQGHVSDLUDQGSUHWHQGVKHFDQQRW
XQGHUVWDQGPH
<RXPLVWDNH,XQGHUVWDQG\RXSHUIHFWO\<RXZLOOQRW
RSSRVH09LOOHIRUW\RXZLOOQRWGLVSOHDVHWKHPDUFKLRQHVV
DQGWRPRUURZ\RXZLOOVLJQWKHFRQWUDFWZKLFKZLOOELQG\RX
WR\RXUKXVEDQG

907

%XWPRQ'LHXWHOOPHKRZFDQ,GRRWKHUZLVH"
'RQRWDSSHDOWRPHPDGHPRLVHOOH,VKDOOEHDEDGMXGJH
LQVXFKDFDVHP\VHOILVKQHVVZLOOEOLQGPHUHSOLHG
0RUUHOZKRVHORZYRLFHDQGFOLQFKHGKDQGVDQQRXQFHGKLV
JURZLQJGHVSHUDWLRQ
:KDWZRXOG\RXKDYHSURSRVHG0D[LPLOLDQKDG\RXIRXQGPH
ZLOOLQJWRDFFHGH"
,WLVQRWIRUPHWRVD\
<RXDUHZURQJ\RXPXVWDGYLVHPHZKDWWRGR
'R\RXVHULRXVO\DVNP\DGYLFH9DOHQWLQH"
&HUWDLQO\GHDU0D[LPLOLDQIRULILWLVJRRG,ZLOO
IROORZLW\RXNQRZP\GHYRWLRQWR\RX
9DOHQWLQHVDLG0RUUHOSXVKLQJDVLGHDORRVHSODQNJLYH
PH\RXUKDQGLQWRNHQRIIRUJLYHQHVVRIP\DQJHUP\VHQVHV
DUHFRQIXVHGDQGGXULQJWKHODVWKRXUWKHPRVWH[WUDYDJDQW
WKRXJKWVKDYHSDVVHGWKURXJKP\EUDLQ2KLI\RXUHIXVHP\
DGYLFH
:KDWGR\RXDGYLVH"VDLG9DOHQWLQHUDLVLQJKHUH\HVWR
KHDYHQDQGVLJKLQJ,DPIUHHUHSOLHG0D[LPLOLDQDQG
ULFKHQRXJKWRVXSSRUW\RX,VZHDUWRPDNH\RXP\ODZIXO
ZLIHEHIRUHP\OLSVHYHQVKDOOKDYHDSSURDFKHG\RXU
IRUHKHDG
<RXPDNHPHWUHPEOHVDLGWKH\RXQJJLUO
)ROORZPHVDLG0RUUHO,ZLOOWDNH\RXWRP\VLVWHUZKR
LVZRUWK\DOVRWREH\RXUV:HZLOOHPEDUNIRU$OJLHUVIRU
(QJODQGIRU$PHULFDRULI\RXUSUHIHULWUHWLUHWRWKH
FRXQWU\DQGRQO\UHWXUQWR3DULVZKHQRXUIULHQGVKDYH
UHFRQFLOHG\RXUIDPLO\9DOHQWLQHVKRRNKHUKHDG,IHDUHG
LW0D[LPLOLDQVDLGVKHLWLVWKHFRXQVHORIDPDGPDQ
DQG,VKRXOGEHPRUHPDGWKDQ\RXGLG,QRWVWRS\RXDW
RQFHZLWKWKHZRUGC,PSRVVLEOHLPSRVVLEOH

<RXZLOOWKHQVXEPLWWRZKDWIDWHGHFUHHVIRU\RXZLWKRXW
HYHQDWWHPSWLQJWRFRQWHQGZLWKLW"VDLG0RUUHO

908

VRUURZIXOO\<HVLI,GLH
:HOO9DOHQWLQHUHVXPHG0D[LPLOLDQ,FDQRQO\VD\DJDLQ
WKDW\RXDUHULJKW7UXO\LWLV,ZKRDPPDGDQG\RXSURYH
WRPHWKDWSDVVLRQEOLQGVWKHPRVWZHOOPHDQLQJ,
DSSUHFLDWH\RXUFDOPUHDVRQLQJ,WLVWKHQXQGHUVWRRGWKDW
WRPRUURZ\RXZLOOEHLUUHYRFDEO\SURPLVHGWR0)UDQ]
G
(SLQD\QRWRQO\E\WKDWWKHDWULFDOIRUPDOLW\LQYHQWHGWR
KHLJKWHQWKHHIIHFWRIDFRPHG\FDOOHGWKHVLJQDWXUHRIWKH
FRQWUDFWEXW\RXURZQZLOO"
$JDLQ\RXGULYHPHWRGHVSDLU0D[LPLOLDQVDLG9DOHQWLQH
DJDLQ\RXSOXQJHWKHGDJJHULQWRWKHZRXQG:KDWZRXOG\RX
GRWHOOPHLI\RXUVLVWHUOLVWHQHGWRVXFKDSURSRVLWLRQ"
0DGHPRLVHOOHUHSOLHG0RUUHOZLWKDELWWHUVPLOH,DP
VHOILVK\RXKDYHDOUHDG\VDLGVRDQGDVDVHOILVKPDQ
,WKLQNQRWRIZKDWRWKHUVZRXOGGRLQP\VLWXDWLRQEXWRI
ZKDW,LQWHQGGRLQJP\VHOI,WKLQNRQO\WKDW,KDYHNQRZQ
\RXQRWDZKROH\HDU)URPWKHGD\,ILUVWVDZ\RXDOOP\
KRSHVRIKDSSLQHVVKDYHEHHQLQVHFXULQJ\RXUDIIHFWLRQ2QH
GD\\RXDFNQRZOHGJHGWKDW\RXORYHGPHDQGVLQFHWKDWGD\
P\KRSHRIIXWXUHKDSSLQHVVKDVUHVWHGRQREWDLQLQJ\RXIRU
WRJDLQ\RXZRXOGEHOLIHWRPH1RZ,WKLQNQRPRUH,VD\
RQO\WKDWIRUWXQHKDVWXUQHGDJDLQVWPH,KDGWKRXJKWWR
JDLQKHDYHQDQGQRZ,KDYHORVWLW,WLVDQHYHU\GD\
RFFXUUHQFHIRUDJDPEOHUWRORVHQRWRQO\ZKDWKHSRVVHVVHV
EXWDOVRZKDWKHKDVQRW0RUUHOSURQRXQFHGWKHVHZRUGV
ZLWKSHUIHFWFDOPQHVV9DOHQWLQHORRNHGDWKLPDPRPHQWZLWK
KHUODUJHVFUXWLQL]LQJH\HVHQGHDYRULQJQRWWROHW0RUUHO
GLVFRYHUWKHJULHIZKLFKVWUXJJOHGLQKHUKHDUW%XWLQD
ZRUGZKDWDUH\RXJRLQJWRGR"DVNHGVKH
,DPJRLQJWRKDYHWKHKRQRURIWDNLQJP\OHDYHRI\RX
PDGHPRLVHOOHVROHPQO\DVVXULQJ\RXWKDW,ZLVK\RXUOLIH
PD\EHVRFDOPVRKDSS\DQGVRIXOO\RFFXSLHGWKDWWKHUH
PD\EHQRSODFHIRUPHHYHQLQ\RXUPHPRU\
2KPXUPXUHG9DOHQWLQH
$GLHX9DOHQWLQHDGLHXVDLG0RUUHOERZLQJ
:KHUHDUH\RXJRLQJ"FULHGWKH\RXQJJLUOH[WHQGLQJKHU
KDQGWKURXJKWKHRSHQLQJDQGVHL]LQJ0D[LPLOLDQE\KLV

909

FRDWIRUVKHXQGHUVWRRGIURPKHURZQDJLWDWHGIHHOLQJVWKDW
KHUORYHU
VFDOPQHVVFRXOGQRWEHUHDOZKHUHDUH\RX
JRLQJ"
,DPJRLQJWKDW,PD\QRWEULQJIUHVKWURXEOHLQWR\RXU
IDPLO\DQGWRVHWDQH[DPSOHZKLFKHYHU\KRQHVWDQGGHYRWHG
PDQVLWXDWHGDV,DPPD\IROORZ
%HIRUH\RXOHDYHPHWHOOPHZKDW\RXDUHJRLQJWRGR
0D[LPLOLDQ7KH\RXQJPDQVPLOHGVRUURZIXOO\6SHDN
VSHDNVDLG9DOHQWLQH,HQWUHDW\RX
+DV\RXUUHVROXWLRQFKDQJHG9DOHQWLQH"
,WFDQQRWFKDQJHXQKDSS\PDQ\RXNQRZLWPXVWQRWFULHG
WKH\RXQJJLUO7KHQDGLHX9DOHQWLQH9DOHQWLQHVKRRNWKH
JDWHZLWKDVWUHQJWKRIZKLFKVKHFRXOGQRWKDYHEHHQ
VXSSRVHGWREHSRVVHVVHGDV0RUUHOZDVJRLQJDZD\DQG
SDVVLQJERWKKHUKDQGVWKURXJKWKHRSHQLQJVKHFODVSHGDQG
ZUXQJWKHP,PXVWNQRZZKDW\RXPHDQWRGRVDLGVKH
:KHUHDUH\RXJRLQJ"
2KIHDUQRWVDLG0D[LPLOLDQVWRSSLQJDWDVKRUW
GLVWDQFH,GRQRWLQWHQGWRUHQGHUDQRWKHUPDQUHVSRQVLEOH
IRUWKHULJRURXVIDWHUHVHUYHGIRUPH$QRWKHUPLJKW
WKUHDWHQWRVHHN0)UDQ]WRSURYRNHKLPDQGWRILJKWZLWK
KLPDOOWKDWZRXOGEHIROO\:KDWKDV0)UDQ]WRGRZLWK
LW"+HVDZPHWKLVPRUQLQJIRUWKHILUVWWLPHDQGKDV
DOUHDG\IRUJRWWHQKHKDVVHHQPH+HGLGQRWHYHQNQRZ,
H[LVWHGZKHQLWZDVDUUDQJHGE\\RXUWZRIDPLOLHVWKDW\RX
VKRXOGEHXQLWHG,KDYHQRHQPLW\DJDLQVW0)UDQ]DQG
SURPLVH\RXWKHSXQLVKPHQWVKDOOQRWIDOORQKLP
2QZKRPWKHQRQPH"
2Q\RX"9DOHQWLQH2KKHDYHQIRUELG:RPDQLVVDFUHGWKH
ZRPDQRQHORYHVLVKRO\
2Q\RXUVHOIWKHQXQKDSS\PDQRQ\RXUVHOI"
,DPWKHRQO\JXLOW\SHUVRQDP,QRW"
VDLG0D[LPLOLDQ
0D[LPLOLDQVDLG9DOHQWLQH0D[LPLOLDQFRPHEDFN,
HQWUHDW\RX+HGUHZQHDUZLWKKLVVZHHWVPLOHDQGEXWIRU

910

KLVSDOHQHVVRQHPLJKWKDYHWKRXJKWKLPLQKLVXVXDOKDSS\
PRRG/LVWHQP\GHDUP\DGRUHG9DOHQWLQHVDLGKHLQKLV
PHORGLRXVDQGJUDYHWRQHWKRVHZKROLNHXVKDYHQHYHU
KDGDWKRXJKWIRUZKLFKZHQHHGEOXVKEHIRUHWKHZRUOGVXFK
PD\UHDGHDFKRWKHU
VKHDUWV,QHYHUZDVURPDQWLFDQGDP
QRPHODQFKRO\KHUR,LPLWDWHQHLWKHU0DQIUHGQRU$QWKRQ\
EXWZLWKRXWZRUGVSURWHVWDWLRQVRUYRZVP\OLIHKDV
HQWZLQHGLWVHOIZLWK\RXUV\RXOHDYHPHDQG\RXDUHULJKW
LQGRLQJVR,UHSHDWLW\RXDUHULJKWEXWLQORVLQJ
\RX,ORVHP\OLIH
7KHPRPHQW\RXOHDYHPH9DOHQWLQH,DPDORQHLQWKH
ZRUOG0\VLVWHULVKDSSLO\PDUULHGKHUKXVEDQGLVRQO\P\
EURWKHULQODZWKDWLVDPDQZKRPWKHWLHVRIVRFLDOOLIH
DORQHDWWDFKWRPHQRRQHWKHQORQJHUQHHGVP\XVHOHVV
OLIH7KLVLVZKDW,VKDOOGR,ZLOOZDLWXQWLOWKHYHU\
PRPHQW\RXDUHPDUULHGIRU,ZLOOQRWORVHWKHVKDGRZRI
RQHRIWKRVHXQH[SHFWHGFKDQFHVZKLFKDUHVRPHWLPHVUHVHUYHG
IRUXVVLQFH0)UDQ]PD\DIWHUDOOGLHEHIRUHWKDWWLPH
DWKXQGHUEROWPD\IDOOHYHQRQWKHDOWDUDV\RXDSSURDFKLW
QRWKLQJDSSHDUVLPSRVVLEOHWRRQHFRQGHPQHGWRGLHDQG
PLUDFOHVDSSHDUTXLWHUHDVRQDEOHZKHQKLVHVFDSHIURPGHDWK
LVFRQFHUQHG,ZLOOWKHQZDLWXQWLOWKHODVWPRPHQWDQG
ZKHQP\PLVHU\LVFHUWDLQLUUHPHGLDEOHKRSHOHVV,ZLOO
ZULWHDFRQILGHQWLDOOHWWHUWRP\EURWKHULQODZDQRWKHUWR
WKHSUHIHFWRISROLFHWRDFTXDLQWWKHPZLWKP\LQWHQWLRQ
DQGDWWKHFRUQHURIVRPHZRRGRQWKHEULQNRIVRPHDE\VV
RQWKHEDQNRIVRPHULYHU,ZLOOSXWDQHQGWRP\
H[LVWHQFHDVFHUWDLQO\DV,DPWKHVRQRIWKHPRVWKRQHVW
PDQZKRHYHUOLYHGLQ)UDQFH
9DOHQWLQHWUHPEOHGFRQYXOVLYHO\VKHORRVHQHGKHUKROGRI
WKHJDWHKHUDUPVIHOOE\KHUVLGHDQGWZRODUJHWHDUV
UROOHGGRZQKHUFKHHNV7KH\RXQJPDQVWRRGEHIRUHKHU
VRUURZIXODQGUHVROXWH2KIRUSLW\
VVDNHVDLGVKH
\RXZLOOOLYHZLOO\RXQRW"
1RRQP\KRQRUVDLG0D[LPLOLDQEXWWKDWZLOOQRW
DIIHFW\RX<RXKDYHGRQH\RXUGXW\DQG\RXUFRQVFLHQFH
ZLOOEHDWUHVW9DOHQWLQHIHOORQKHUNQHHVDQGSUHVVHG
KHUDOPRVWEXUVWLQJKHDUW0D[LPLOLDQVDLGVKH
0D[LPLOLDQP\IULHQGP\EURWKHURQHDUWKP\WUXHKXVEDQG
LQKHDYHQ,HQWUHDW\RXGRDV,GROLYHLQVXIIHULQJ
SHUKDSVZHPD\RQHGD\EHXQLWHG

911

$GLHX9DOHQWLQHUHSHDWHG0RUUHO
0\*RGVDLG9DOHQWLQHUDLVLQJERWKKHUKDQGVWRKHDYHQ
ZLWKDVXEOLPHH[SUHVVLRQ,KDYHGRQHP\XWPRVWWRUHPDLQ
DVXEPLVVLYHGDXJKWHU,KDYHEHJJHGHQWUHDWHGLPSORUHG
KHKDVUHJDUGHGQHLWKHUP\SUD\HUVP\HQWUHDWLHVQRUP\
WHDUV,WLVGRQHFULHGVKHZLOOLQJDZD\KHUWHDUVDQG
UHVXPLQJKHUILUPQHVV,DPUHVROYHGQRWWRGLHRIUHPRUVH
EXWUDWKHURIVKDPH/LYH0D[LPLOLDQDQG,ZLOOEH\RXUV
6D\ZKHQVKDOOLWEH"6SHDNFRPPDQG,ZLOOREH\0RUUHO
ZKRKDGDOUHDG\JRQHVRPHIHZVWHSVDZD\DJDLQUHWXUQHG
DQGSDOHZLWKMR\H[WHQGHGERWKKDQGVWRZDUGV9DOHQWLQH
WKURXJKWKHRSHQLQJ9DOHQWLQHVDLGKHGHDU9DOHQWLQH
\RXPXVWQRWVSHDNWKXVUDWKHUOHWPHGLH:K\VKRXOG,
REWDLQ\RXE\YLROHQFHLIRXUORYHLVPXWXDO",VLWIURP
PHUHKXPDQLW\\RXELGPHOLYH",ZRXOGWKHQUDWKHUGLH
7UXO\PXUPXUHG9DOHQWLQHZKRRQWKLVHDUWKFDUHVIRU
PHLIKHGRHVQRW":KRKDVFRQVROHGPHLQP\VRUURZEXWKH"
2QZKRPGRP\KRSHVUHVW"2QZKRPGRHVP\EOHHGLQJKHDUW
UHSRVH"2QKLPRQKLPDOZD\VRQKLP<HV\RXDUHULJKW
0D[LPLOLDQ,ZLOOIROORZ\RX,ZLOOOHDYHWKHSDWHUQDO
KRPH,ZLOOJLYHXSDOO2KXQJUDWHIXOJLUOWKDW,DP
FULHG9DOHQWLQHVREELQJ,ZLOOJLYHXSDOOHYHQP\GHDU
ROGJUDQGIDWKHUZKRP,KDGQHDUO\IRUJRWWHQ
1RVDLG0D[LPLOLDQ\RXVKDOOQRWOHDYHKLP01RLUWLHU
KDVHYLQFHG\RXVD\DNLQGIHHOLQJWRZDUGVPH:HOO
EHIRUH\RXOHDYHWHOOKLPDOOKLVFRQVHQWZRXOGEH\RXU
MXVWLILFDWLRQLQ*RG
VVLJKW$VVRRQDVZHDUHPDUULHGKH
VKDOOFRPHDQGOLYHZLWKXVLQVWHDGRIRQHFKLOGKHVKDOO
KDYHWZR<RXKDYHWROGPHKRZ\RXWDONWRKLPDQGKRZKH
DQVZHUV\RX,VKDOOYHU\VRRQOHDUQWKDWODQJXDJHE\VLJQV
9DOHQWLQHDQG,SURPLVH\RXVROHPQO\WKDWLQVWHDGRI
GHVSDLULWLVKDSSLQHVVWKDWDZDLWVXV
2KVHH0D[LPLOLDQVHHWKHSRZHU\RXKDYHRYHUPH\RX
DOPRVWPDNHPHEHOLHYH\RXDQG\HWZKDW\RXWHOOPHLV
PDGQHVVIRUP\IDWKHUZLOOFXUVHPHKHLVLQIOH[LEOH
KHZLOOQHYHUSDUGRQPH1RZOLVWHQWRPH0D[LPLOLDQLIE\
DUWLILFHE\HQWUHDW\E\DFFLGHQWLQVKRUWLIE\DQ\
PHDQV,FDQGHOD\WKLVPDUULDJHZLOO\RXZDLW"

912

<HV,SURPLVH\RXDVIDLWKIXOO\DV\RXKDYHSURPLVHGPH
WKDWWKLVKRUULEOHPDUULDJHVKDOOQRWWDNHSODFHDQGWKDW
LI\RXDUHGUDJJHGEHIRUHDPDJLVWUDWHRUDSULHVW\RXZLOO
UHIXVH
,SURPLVH\RXE\DOOWKDWLVPRVWVDFUHGWRPHLQWKH
ZRUOGQDPHO\E\P\PRWKHU
:HZLOOZDLWWKHQVDLG0RUUHO
<HVZHZLOOZDLWUHSOLHG9DOHQWLQHZKRUHYLYHGDWWKHVH
ZRUGVWKHUHDUHVRPDQ\WKLQJVZKLFKPD\VDYHXQKDSS\
EHLQJVVXFKDVZHDUH
,UHO\RQ\RX9DOHQWLQHVDLG0RUUHODOO\RXGRZLOOEH
ZHOOGRQHRQO\LIWKH\GLVUHJDUG\RXUSUD\HUVLI\RXU
IDWKHUDQG0DGDPHGH6DLQW0HUDQLQVLVWWKDW0G
(SLQD\
VKRXOGEHFDOOHGWRPRUURZWRVLJQWKHFRQWUDFW
7KHQ\RXKDYHP\SURPLVH0D[LPLOLDQ
,QVWHDGRIVLJQLQJ
,ZLOOJRWR\RXDQGZHZLOOIO\EXWIURPWKLVPRPHQW
XQWLOWKHQOHWXVQRWWHPSWSURYLGHQFHOHWXVQRWVHHHDFK
RWKHU,WLVDPLUDFOHLWLVDSURYLGHQFHWKDWZHKDYHQRW
EHHQGLVFRYHUHG,IZHZHUHVXUSULVHGLILWZHUHNQRZQWKDW
ZHPHWWKXVZHVKRXOGKDYHQRIXUWKHUUHVRXUFH
<RXDUHULJKW9DOHQWLQHEXWKRZVKDOO,DVFHUWDLQ"
)URPWKHQRWDU\0'HVFKDPSV
,NQRZKLP
$QGIRUP\VHOI,ZLOOZULWHWR\RXGHSHQGRQPH,
GUHDGWKLVPDUULDJH0D[LPLOLDQDVPXFKDV\RX
7KDQN\RXP\DGRUHG9DOHQWLQHWKDQN\RXWKDWLVHQRXJK
:KHQRQFH,NQRZWKHKRXU,ZLOOKDVWHQWRWKLVVSRW\RX
FDQHDVLO\JHWRYHUWKLVIHQFHZLWKP\DVVLVWDQFHD
FDUULDJHZLOODZDLWXVDWWKHJDWHLQZKLFK\RXZLOO
DFFRPSDQ\PHWRP\VLVWHU
VWKHUHOLYLQJUHWLUHGRU
PLQJOLQJLQVRFLHW\DV\RXZLVKZHVKDOOEHHQDEOHGWRXVH

913

RXUSRZHUWRUHVLVWRSSUHVVLRQDQGQRWVXIIHURXUVHOYHVWR
EHSXWWRGHDWKOLNHVKHHSZKLFKRQO\GHIHQGWKHPVHOYHVE\
VLJKV
<HVVDLG9DOHQWLQH,ZLOOQRZDFNQRZOHGJH\RXDUH
ULJKW0D[LPLOLDQDQGQRZDUH\RXVDWLVILHGZLWK\RXU
EHWURWKDO"VDLGWKH\RXQJJLUOVRUURZIXOO\
0\DGRUHG9DOHQWLQHZRUGVFDQQRWH[SUHVVRQHKDOIRIP\
VDWLVIDFWLRQ9DOHQWLQHKDGDSSURDFKHGRUUDWKHUKDG
SODFHGKHUOLSVVRQHDUWKHIHQFHWKDWWKH\QHDUO\WRXFKHG
WKRVHRI0RUUHOZKLFKZHUHSUHVVHGDJDLQVWWKHRWKHUVLGH
RIWKHFROGDQGLQH[RUDEOHEDUULHU$GLHXWKHQWLOOZH
PHHWDJDLQVDLG9DOHQWLQHWHDULQJKHUVHOIDZD\,VKDOO
KHDUIURP\RX"
<HV
7KDQNVWKDQNVGHDUORYHDGLHX7KHVRXQGRIDNLVVZDV
KHDUGDQG9DOHQWLQHIOHGWKURXJKWKHDYHQXH0RUUHO
OLVWHQHGWRFDWFKWKHODVWVRXQGRIKHUGUHVVEUXVKLQJWKH
EUDQFKHVDQGRIKHUIRRWVWHSRQWKHJUDYHOWKHQUDLVHGKLV
H\HVZLWKDQLQHIIDEOHVPLOHRIWKDQNIXOQHVVWRKHDYHQIRU
EHLQJSHUPLWWHGWREHWKXVORYHGDQGWKHQDOVRGLVDSSHDUHG
7KH\RXQJPDQUHWXUQHGKRPHDQGZDLWHGDOOWKHHYHQLQJDQG
DOOWKHQH[WGD\ZLWKRXWJHWWLQJDQ\PHVVDJH,WZDVRQO\RQ
WKHIROORZLQJGD\DWDERXWWHQR
FORFNLQWKHPRUQLQJDV
KHZDVVWDUWLQJWRFDOORQ0'HVFKDPSVWKHQRWDU\WKDWKH
UHFHLYHGIURPWKHSRVWPDQDVPDOOELOOHWZKLFKKHNQHZWR
EHIURP9DOHQWLQHDOWKRXJKKHKDGQRWEHIRUHVHHQKHU
ZULWLQJ,WZDVWRWKLVHIIHFW
7HDUVHQWUHDWLHVSUD\HUVKDYHDYDLOHGPHQRWKLQJ
<HVWHUGD\IRUWZRKRXUV,ZDVDWWKHFKXUFKRI
6DLQW3KLOOLSSHGX5RXOHDQGIRUWZRKRXUV,SUD\HGPRVW
IHUYHQWO\+HDYHQLVDVLQIOH[LEOHDVPDQDQGWKHVLJQDWXUH
RIWKHFRQWUDFWLVIL[HGIRUWKLVHYHQLQJDWQLQHR
FORFN,
KDYHEXWRQHSURPLVHDQGEXWRQHKHDUWWRJLYHWKDWSURPLVH
LVSOHGJHGWR\RXWKDWKHDUWLVDOVR\RXUV7KLVHYHQLQJ
WKHQDWDTXDUWHUWRQLQHDWWKHJDWH
<RXUEHWURWKHG
9DOHQWLQHGH9LOOHIRUW

914

360\SRRUJUDQGPRWKHUJHWVZRUVHDQGZRUVH\HVWHUGD\
KHUIHYHUDPRXQWHGWRGHOLULXPWRGD\KHUGHOLULXPLV
DOPRVWPDGQHVV<RXZLOOEHYHU\NLQGWRPHZLOO\RXQRW
0RUUHOWRPDNHPHIRUJHWP\VRUURZLQOHDYLQJKHUWKXV",
WKLQNLWLVNHSWDVHFUHWIURPJUDQGSDSD1RLUWLHUWKDWWKH
FRQWUDFWLVWREHVLJQHGWKLVHYHQLQJ
0RUUHOZHQWDOVRWRWKHQRWDU\ZKRFRQILUPHGWKHQHZVWKDW
WKHFRQWUDFWZDVWREHVLJQHGWKDWHYHQLQJ7KHQKHZHQWWR
FDOORQ0RQWH&ULVWRDQGKHDUGVWLOOPRUH)UDQ]KDGEHHQWR
DQQRXQFHWKHFHUHPRQ\DQG0DGDPHGH9LOOHIRUWKDGDOVR
ZULWWHQWREHJWKHFRXQWWRH[FXVHKHUQRWLQYLWLQJKLPWKH
GHDWKRI0GH6DLQW0HUDQDQGWKHGDQJHURXVLOOQHVVRIKLV
ZLGRZZRXOGFDVWDJORRPRYHUWKHPHHWLQJZKLFKVKHZRXOG
UHJUHWVKRXOGEHVKDUHGE\WKHFRXQWZKRPVKHZLVKHGHYHU\
KDSSLQHVV7KHGD\EHIRUH)UDQ]KDGEHHQSUHVHQWHGWR0DGDPH
GH6DLQW0HUDQZKRKDGOHIWKHUEHGWRUHFHLYHKLPEXWKDG
EHHQREOLJHGWRUHWXUQWRLWLPPHGLDWHO\DIWHU,WLVHDV\
WRVXSSRVHWKDW0RUUHO
VDJLWDWLRQZRXOGQRWHVFDSHWKH
FRXQW
VSHQHWUDWLQJH\H0RQWH&ULVWRZDVPRUHDIIHFWLRQDWH
WKDQHYHULQGHHGKLVPDQQHUZDVVRNLQGWKDWVHYHUDO
WLPHV0RUUHOZDVRQWKHSRLQWRIWHOOLQJKLPDOO%XWKH
UHFDOOHGWKHSURPLVHKHKDGPDGHWR9DOHQWLQHDQGNHSWKLV
VHFUHW
7KH\RXQJPDQUHDG9DOHQWLQH
VOHWWHUWZHQW\WLPHVLQWKH
FRXUVHRIWKHGD\,WZDVKHUILUVWDQGRQZKDWDQ
RFFDVLRQ(DFKWLPHKHUHDGLWKHUHQHZHGKLVYRZWRPDNH
KHUKDSS\+RZJUHDWLVWKHSRZHURIDZRPDQZKRKDVPDGHVR
FRXUDJHRXVDUHVROXWLRQ:KDWGHYRWLRQGRHVVKHGHVHUYHIURP
KLPIRUZKRPVKHKDVVDFULILFHGHYHU\WKLQJ+RZRXJKWVKH
UHDOO\WREHVXSUHPHO\ORYHG6KHEHFRPHVDWRQFHDTXHHQ
DQGDZLIHDQGLWLVLPSRVVLEOHWRWKDQNDQGORYHKHU
VXIILFLHQWO\0RUUHOORQJHGLQWHQVHO\IRUWKHPRPHQWZKHQKH
VKRXOGKHDU9DOHQWLQHVD\+HUH,DP0D[LPLOLDQFRPHDQG
KHOSPH+HKDGDUUDQJHGHYHU\WKLQJIRUKHUHVFDSHWZR
ODGGHUVZHUHKLGGHQLQWKHFORYHUILHOGDFDEULROHWZDV
RUGHUHGIRU0D[LPLOLDQDORQHZLWKRXWDVHUYDQWZLWKRXW
OLJKWVDWWKHWXUQLQJRIWKHILUVWVWUHHWWKH\ZRXOGOLJKW
WKHODPSVDVLWZRXOGEHIRROLVKWRDWWUDFWWKHQRWLFHRI
WKHSROLFHE\WRRPDQ\SUHFDXWLRQV2FFDVLRQDOO\KH
VKXGGHUHGKHWKRXJKWRIWKHPRPHQWZKHQIURPWKHWRSRI
WKDWZDOOKHVKRXOGSURWHFWWKHGHVFHQWRIKLVGHDU

915

9DOHQWLQHSUHVVLQJLQKLVDUPVIRUWKHILUVWWLPHKHURI
ZKRPKHKDG\HWRQO\NLVVHGWKHGHOLFDWHKDQG
:KHQWKHDIWHUQRRQDUULYHGDQGKHIHOWWKDWWKHKRXUZDV
GUDZLQJQHDUKHZLVKHGIRUVROLWXGHKLVDJLWDWLRQZDV
H[WUHPHDVLPSOHTXHVWLRQIURPDIULHQGZRXOGKDYH
LUULWDWHGKLP+HVKXWKLPVHOILQKLVURRPDQGWULHGWR
UHDGEXWKLVH\HJODQFHGRYHUWKHSDJHZLWKRXW
XQGHUVWDQGLQJDZRUGDQGKHWKUHZDZD\WKHERRNDQGIRU
WKHVHFRQGWLPHVDWGRZQWRVNHWFKKLVSODQWKHODGGHUVDQG
WKHIHQFH$WOHQJWKWKHKRXUGUHZQHDU1HYHUGLGDPDQ
GHHSO\LQORYHDOORZWKHFORFNVWRJRRQSHDFHIXOO\0RUUHO
WRUPHQWHGKLVVRHIIHFWXDOO\WKDWWKH\VWUXFNHLJKWDW
KDOISDVWVL[+HWKHQVDLG,WLVWLPHWRVWDUWWKH
VLJQDWXUHZDVLQGHHGIL[HGWRWDNHSODFHDWQLQHR
FORFN
EXWSHUKDSV9DOHQWLQHZLOOQRWZDLWIRUWKDW&RQVHTXHQWO\
0RUUHOKDYLQJOHIWWKH5XH0HVOD\DWKDOISDVWHLJKWE\KLV
WLPHSLHFHHQWHUHGWKHFORYHUILHOGZKLOHWKHFORFNRI
6DLQW3KLOOLSSHGX5RXOHZDVVWULNLQJHLJKW7KHKRUVHDQG
FDEULROHWZHUHFRQFHDOHGEHKLQGDVPDOOUXLQZKHUH0RUUHO
KDGRIWHQZDLWHG
7KHQLJKWJUDGXDOO\GUHZRQDQGWKHIROLDJHLQWKHJDUGHQ
DVVXPHGDGHHSHUKXH7KHQ0RUUHOFDPHRXWIURPKLV
KLGLQJSODFHZLWKDEHDWLQJKHDUWDQGORRNHGWKURXJKWKH
VPDOORSHQLQJLQWKHJDWHWKHUHZDV\HWQRRQHWREHVHHQ
7KHFORFNVWUXFNKDOISDVWHLJKWDQGVWLOODQRWKHU
KDOIKRXUZDVSDVVHGLQZDLWLQJZKLOH0RUUHOZDONHGWRDQG
IURDQGJD]HGPRUHDQGPRUHIUHTXHQWO\WKURXJKWKHRSHQLQJ
7KHJDUGHQEHFDPHGDUNHUVWLOOEXWLQWKHGDUNQHVVKH
ORRNHGLQYDLQIRUWKHZKLWHGUHVVDQGLQWKHVLOHQFHKH
YDLQO\OLVWHQHGIRUWKHVRXQGRIIRRWVWHSV7KHKRXVHZKLFK
ZDVGLVFHUQLEOHWKURXJKWKHWUHHVUHPDLQHGLQGDUNQHVVDQG
JDYHQRLQGLFDWLRQWKDWVRLPSRUWDQWDQHYHQWDVWKH
VLJQDWXUHRIDPDUULDJHFRQWUDFWZDVJRLQJRQ0RUUHOORRNHG
DWKLVZDWFKZKLFKZDQWHGDTXDUWHUWRWHQEXWVRRQWKH
VDPHFORFNKHKDGDOUHDG\KHDUGVWULNHWZRRUWKUHHWLPHV
UHFWLILHGWKHHUURUE\VWULNLQJKDOISDVWQLQH
7KLVZDVDOUHDG\KDOIDQKRXUSDVWWKHWLPH9DOHQWLQHKDG
IL[HG,WZDVDWHUULEOHPRPHQWIRUWKH\RXQJPDQ7KH
VOLJKWHVWUXVWOLQJRIWKHIROLDJHWKHOHDVWZKLVWOLQJRI
WKHZLQGDWWUDFWHGKLVDWWHQWLRQDQGGUHZWKHSHUVSLUDWLRQ
WRKLVEURZWKHQKHWUHPEOLQJO\IL[HGKLVODGGHUDQGQRW

916

WRORVHDPRPHQWSODFHGKLVIRRWRQWKHILUVWVWHS$PLGVW
DOOWKHVHDOWHUQDWLRQVRIKRSHDQGIHDUWKHFORFNVWUXFN
WHQ,WLVLPSRVVLEOHVDLG0D[LPLOLDQWKDWWKHVLJQLQJ
RIDFRQWUDFWVKRXOGRFFXS\VRORQJDWLPHZLWKRXW
XQH[SHFWHGLQWHUUXSWLRQV,KDYHZHLJKHGDOOWKHFKDQFHV
FDOFXODWHGWKHWLPHUHTXLUHGIRUDOOWKHIRUPVVRPHWKLQJ
PXVWKDYHKDSSHQHG$QGWKHQKHZDONHGUDSLGO\WRDQGIUR
DQGSUHVVHGKLVEXUQLQJIRUHKHDGDJDLQVWWKHIHQFH+DG
9DOHQWLQHIDLQWHG"RUKDGVKHEHHQGLVFRYHUHGDQGVWRSSHGLQ
KHUIOLJKW"7KHVHZHUHWKHRQO\REVWDFOHVZKLFKDSSHDUHG
SRVVLEOHWRWKH\RXQJPDQ
7KHLGHDWKDWKHUVWUHQJWKKDGIDLOHGKHULQDWWHPSWLQJWR
HVFDSHDQGWKDWVKHKDGIDLQWHGLQRQHRIWKHSDWKVZDV
WKHRQHWKDWPRVWLPSUHVVHGLWVHOIXSRQKLVPLQG,QWKDW
FDVHVDLGKH,VKRXOGORVHKHUDQGE\P\RZQIDXOW+H
GZHOWRQWKLVLGHDIRUDPRPHQWWKHQLWDSSHDUHGUHDOLW\
+HHYHQWKRXJKWKHFRXOGSHUFHLYHVRPHWKLQJRQWKHJURXQGDW
DGLVWDQFHKHYHQWXUHGWRFDOODQGLWVHHPHGWRKLPWKDW
WKHZLQGZDIWHGEDFNDQDOPRVWLQDUWLFXODWHVLJK$WODVW
WKHKDOIKRXUVWUXFN,WZDVLPSRVVLEOHWRZDLWORQJHUKLV
WHPSOHVWKUREEHGYLROHQWO\KLVH\HVZHUHJURZLQJGLPKH
SDVVHGRQHOHJRYHUWKHZDOODQGLQDPRPHQWOHDSHGGRZQRQ
WKHRWKHUVLGH+HZDVRQ9LOOHIRUW
VSUHPLVHVKDG
DUULYHGWKHUHE\VFDOLQJWKHZDOO:KDWPLJKWEHWKH
FRQVHTXHQFHV"+RZHYHUKHKDGQRWYHQWXUHGWKXVIDUWRGUDZ
EDFN+HIROORZHGDVKRUWGLVWDQFHFORVHXQGHUWKHZDOO
WKHQFURVVHGDSDWKKLGHQWHUHGDFOXPSRIWUHHV,QD
PRPHQWKHKDGSDVVHGWKURXJKWKHPDQGFRXOGVHHWKHKRXVH
GLVWLQFWO\7KHQ0RUUHOVDZWKDWKHKDGEHHQULJKWLQ
EHOLHYLQJWKDWWKHKRXVHZDVQRWLOOXPLQDWHG,QVWHDGRI
OLJKWVDWHYHU\ZLQGRZDVLVFXVWRPDU\RQGD\VRIFHUHPRQ\
KHVDZRQO\DJUD\PDVVZKLFKZDVYHLOHGDOVRE\DFORXG
ZKLFKDWWKDWPRPHQWREVFXUHGWKHPRRQ
VIHHEOHOLJKW$
OLJKWPRYHGUDSLGO\IURPWLPHWRWLPHSDVWWKUHHZLQGRZVRI
WKHVHFRQGIORRU7KHVHWKUHHZLQGRZVZHUHLQ0DGDPHGH
6DLQW0HUDQ
VURRP$QRWKHUUHPDLQHGPRWLRQOHVVEHKLQGVRPH
UHGFXUWDLQVZKLFKZHUHLQ0DGDPHGH9LOOHIRUW
VEHGURRP
0RUUHOJXHVVHGDOOWKLV6RPDQ\WLPHVLQRUGHUWRIROORZ
9DOHQWLQHLQWKRXJKWDWHYHU\KRXULQWKHGD\KDGKHPDGH
KHUGHVFULEHWKHZKROHKRXVHWKDWZLWKRXWKDYLQJVHHQLWKH
NQHZLWDOO
7KLVGDUNQHVVDQGVLOHQFHDODUPHG0RUUHOVWLOOPRUHWKDQ

917

9DOHQWLQH
VDEVHQFHKDGGRQH$OPRVWPDGZLWKJULHIDQG
GHWHUPLQHGWRYHQWXUHHYHU\WKLQJLQRUGHUWRVHH9DOHQWLQH
RQFHPRUHDQGEHFHUWDLQRIWKHPLVIRUWXQHKHIHDUHG
0RUUHOJDLQHGWKHHGJHRIWKHFOXPSRIWUHHVDQGZDVJRLQJ
WRSDVVDVTXLFNO\DVSRVVLEOHWKURXJKWKHIORZHUJDUGHQ
ZKHQWKHVRXQGRIDYRLFHVWLOODWVRPHGLVWDQFHEXWZKLFK
ZDVERUQHXSRQWKHZLQGUHDFKHGKLP
$WWKLVVRXQGDVKHZDVDOUHDG\SDUWLDOO\H[SRVHGWRYLHZ
KHVWHSSHGEDFNDQGFRQFHDOHGKLPVHOIFRPSOHWHO\UHPDLQLQJ
SHUIHFWO\PRWLRQOHVV+HKDGIRUPHGKLVUHVROXWLRQ,ILW
ZDV9DOHQWLQHDORQHKHZRXOGVSHDNDVVKHSDVVHGLIVKH
ZDVDFFRPSDQLHGDQGKHFRXOGQRWVSHDNVWLOOKHVKRXOGVHH
KHUDQGNQRZWKDWVKHZDVVDIHLIWKH\ZHUHVWUDQJHUVKH
ZRXOGOLVWHQWRWKHLUFRQYHUVDWLRQDQGPLJKWXQGHUVWDQG
VRPHWKLQJRIWKLVKLWKHUWRLQFRPSUHKHQVLEOHP\VWHU\7KH
PRRQKDGMXVWWKHQHVFDSHGIURPEHKLQGWKHFORXGZKLFKKDG
FRQFHDOHGLWDQG0RUUHOVDZ9LOOHIRUWFRPHRXWXSRQWKH
VWHSVIROORZHGE\DJHQWOHPDQLQEODFN7KH\GHVFHQGHGDQG
DGYDQFHGWRZDUGVWKHFOXPSRIWUHHVDQG0RUUHOVRRQ
UHFRJQL]HGWKHRWKHUJHQWOHPDQDV'RFWRUG
$YULJQ\
7KH\RXQJPDQVHHLQJWKHPDSSURDFKGUHZEDFNPHFKDQLFDOO\
XQWLOKHIRXQGKLPVHOIVWRSSHGE\DV\FDPRUHWUHHLQWKH
FHQWUHRIWKHFOXPSWKHUHKHZDVFRPSHOOHGWRUHPDLQ6RRQ
WKHWZRJHQWOHPHQVWRSSHGDOVR
$KP\GHDUGRFWRUVDLGWKHSURFXUHXUKHDYHQGHFODUHV
LWVHOIDJDLQVWP\KRXVH:KDWDGUHDGIXOGHDWKZKDWD
EORZ6HHNQRWWRFRQVROHPHDODVQRWKLQJFDQDOOHYLDWHVR
JUHDWDVRUURZWKHZRXQGLVWRRGHHSDQGWRRIUHVK'HDG
GHDG7KHFROGVZHDWVSUDQJWRWKH\RXQJPDQ
VEURZDQG
KLVWHHWKFKDWWHUHG:KRFRXOGEHGHDGLQWKDWKRXVHZKLFK
9LOOHIRUWKLPVHOIKDGFDOOHGDFFXUVHG"0\GHDU0GH
9LOOHIRUWUHSOLHGWKHGRFWRUZLWKDWRQHZKLFKUHGRXEOHG
WKHWHUURURIWKH\RXQJPDQ,KDYHQRWOHG\RXKHUHWR
FRQVROH\RXRQWKHFRQWUDU\
:KDWFDQ\RXPHDQ"DVNHGWKHSURFXUHXUDODUPHG
,PHDQWKDWEHKLQGWKHPLVIRUWXQHZKLFKKDVMXVWKDSSHQHG
WR\RXWKHUHLVDQRWKHUSHUKDSVVWLOOJUHDWHU
&DQLWEHSRVVLEOH"PXUPXUHG9LOOHIRUWFODVSLQJKLV

918

KDQGV:KDWDUH\RXJRLQJWRWHOOPH"
$UHZHTXLWHDORQHP\IULHQG"
<HVTXLWHEXWZK\DOOWKHVHSUHFDXWLRQV"
%HFDXVH,KDYHDWHUULEOHVHFUHWWRFRPPXQLFDWHWR\RX
VDLGWKHGRFWRU/HWXVVLWGRZQ
9LOOHIRUWIHOOUDWKHUWKDQVHDWHGKLPVHOI7KHGRFWRUVWRRG
EHIRUHKLPZLWKRQHKDQGSODFHGRQKLVVKRXOGHU0RUUHO
KRUULILHGVXSSRUWHGKLVKHDGZLWKRQHKDQGDQGZLWKWKH
RWKHUSUHVVHGKLVKHDUWOHVWLWVEHDWLQJVVKRXOGEHKHDUG
'HDGGHDGUHSHDWHGKHZLWKLQKLPVHOIDQGKHIHOWDVLI
KHZHUHDOVRG\LQJ
6SHDNGRFWRU,DPOLVWHQLQJVDLG9LOOHIRUWVWULNH
,DPSUHSDUHGIRUHYHU\WKLQJ
0DGDPHGH6DLQW0HUDQZDVGRXEWOHVVDGYDQFLQJLQ\HDUV
EXWVKHHQMR\HGH[FHOOHQWKHDOWK0RUUHOEHJDQDJDLQWR
EUHDWKHIUHHO\ZKLFKKHKDGQRWGRQHGXULQJWKHODVWWHQ
PLQXWHV
*ULHIKDVFRQVXPHGKHUVDLG9LOOHIRUW\HVJULHI
GRFWRU$IWHUOLYLQJIRUW\\HDUVZLWKWKHPDUTXLV
,WLVQRWJULHIP\GHDU9LOOHIRUWVDLGWKHGRFWRU
JULHIPD\NLOODOWKRXJKLWUDUHO\GRHVDQGQHYHULQD
GD\QHYHULQDQKRXUQHYHULQWHQPLQXWHV9LOOHIRUW
DQVZHUHGQRWKLQJKHVLPSO\UDLVHGKLVKHDGZKLFKKDGEHHQ
FDVWGRZQEHIRUHDQGORRNHGDWWKHGRFWRUZLWKDPD]HPHQW
:HUH\RXSUHVHQWGXULQJWKHODVWVWUXJJOH"DVNHG0
G
$YULJQ\
,ZDVUHSOLHGWKHSURFXUHXU\RXEHJJHGPHQRWWR
OHDYH
'LG\RXQRWLFHWKHV\PSWRPVRIWKHGLVHDVHWRZKLFK0DGDPH
GH6DLQW0HUDQKDVIDOOHQDYLFWLP"
,GLG0DGDPHGH6DLQW0HUDQKDGWKUHHVXFFHVVLYHDWWDFNV
DWLQWHUYDOVRIVRPHPLQXWHVHDFKRQHPRUHVHULRXVWKDQWKH

919

IRUPHU:KHQ\RXDUULYHG0DGDPHGH6DLQW0HUDQKDGDOUHDG\
EHHQSDQWLQJIRUEUHDWKVRPHPLQXWHVVKHWKHQKDGDILW
ZKLFK,WRRNWREHVLPSO\DQHUYRXVDWWDFNDQGLWZDVRQO\
ZKHQ,VDZKHUUDLVHKHUVHOILQWKHEHGDQGKHUOLPEVDQG
QHFNDSSHDUVWLIIHQHGWKDW,EHFDPHUHDOO\DODUPHG7KHQ,
XQGHUVWRRGIURP\RXUFRXQWHQDQFHWKHUHZDVPRUHWRIHDUWKDQ
,KDGWKRXJKW7KLVFULVLVSDVW,HQGHDYRUHGWRFDWFK\RXU
H\HEXWFRXOGQRW<RXKHOGKHUKDQG\RXZHUHIHHOLQJ
KHUSXOVHDQGWKHVHFRQGILWFDPHRQEHIRUH\RXKDG
WXUQHGWRZDUGVPH7KLVZDVPRUHWHUULEOHWKDQWKHILUVW
WKHVDPHQHUYRXVPRYHPHQWVZHUHUHSHDWHGDQGWKHPRXWK
FRQWUDFWHGDQGWXUQHGSXUSOH
$QGDWWKHWKLUGVKHH[SLUHG
$WWKHHQGRIWKHILUVWDWWDFN,GLVFRYHUHGV\PSWRPVRI
WHWDQXV\RXFRQILUPHGP\RSLQLRQ
<HVEHIRUHRWKHUVUHSOLHGWKHGRFWRUEXWQRZZHDUH
DORQH
:KDWDUH\RXJRLQJWRVD\"2KVSDUHPH
7KDWWKHV\PSWRPVRIWHWDQXVDQGSRLVRQLQJE\YHJHWDEOH
VXEVWDQFHVDUHWKHVDPH0GH9LOOHIRUWVWDUWHGIURPKLV
VHDWWKHQLQDPRPHQWIHOOGRZQDJDLQVLOHQWDQG
PRWLRQOHVV0RUUHONQHZQRWLIKHZHUHGUHDPLQJRUDZDNH
/LVWHQVDLGWKHGRFWRU,NQRZWKHIXOOLPSRUWDQFHRIWKH
VWDWHPHQW,KDYHMXVWPDGHDQGWKHGLVSRVLWLRQRIWKHPDQ
WRZKRP,KDYHPDGHLW
'R\RXVSHDNWRPHDVDPDJLVWUDWHRUDVDIULHQG"DVNHG
9LOOHIRUW
$VDIULHQGDQGRQO\DVDIULHQGDWWKLVPRPHQW7KH
VLPLODULW\LQWKHV\PSWRPVRIWHWDQXVDQGSRLVRQLQJE\
YHJHWDEOHVXEVWDQFHVLVVRJUHDWWKDWZHUH,REOLJHGWR
DIILUPE\RDWKZKDW,KDYHQRZVWDWHG,VKRXOGKHVLWDWH,
WKHUHIRUHUHSHDWWR\RX,VSHDNQRWWRDPDJLVWUDWHEXWWR
DIULHQG$QGWRWKDWIULHQG,VD\C'XULQJWKH
WKUHHTXDUWHUVRIDQKRXUWKDWWKHVWUXJJOHFRQWLQXHG,
ZDWFKHGWKHFRQYXOVLRQVDQGWKHGHDWKRI0DGDPHGH
6DLQW0HUDQDQGDPWKRURXJKO\FRQYLQFHGWKDWQRWRQO\GLG
KHUGHDWKSURFHHGIURPSRLVRQEXW,FRXOGDOVRVSHFLI\WKH

920

SRLVRQ

&DQLWEHSRVVLEOH"
7KHV\PSWRPVDUHPDUNHGGR\RXVHH"VOHHSEURNHQE\
QHUYRXVVSDVPVH[FLWDWLRQRIWKHEUDLQWRUSRURIWKHQHUYH
FHQWUHV0DGDPHGH6DLQW0HUDQVXFFXPEHGWRDSRZHUIXOGRVH
RIEUXFLQHRURIVWU\FKQLQHZKLFKE\VRPHPLVWDNHSHUKDSV
KDVEHHQJLYHQWRKHU9LOOHIRUWVHL]HGWKHGRFWRU
VKDQG
2KLWLVLPSRVVLEOHVDLGKH,PXVWEHGUHDPLQJ,WLV
IULJKWIXOWRKHDUVXFKWKLQJVIURPVXFKDPDQDV\RX7HOO
PH,HQWUHDW\RXP\GHDUGRFWRUWKDW\RXPD\EH
GHFHLYHG
'RXEWOHVV,PD\EXW
%XW"
%XW,GRQRWWKLQNVR
+DYHSLW\RQPHGRFWRU6RPDQ\GUHDGIXOWKLQJVKDYH
KDSSHQHGWRPHODWHO\WKDW,DPRQWKHYHUJHRIPDGQHVV
+DVDQ\RQHEHVLGHVPHVHHQ0DGDPHGH6DLQW0HUDQ"
1R
+DVDQ\WKLQJEHHQVHQWIRUIURPDFKHPLVW
VWKDW,KDYHQRW
H[DPLQHG"
1RWKLQJ
+DG0DGDPHGH6DLQW0HUDQDQ\HQHPLHV"
1RWWRP\NQRZOHGJH
:RXOGKHUGHDWKDIIHFWDQ\RQH
VLQWHUHVW"
,WFRXOGQRWLQGHHGP\GDXJKWHULVKHURQO\KHLUHVV
9DOHQWLQHDORQH2KLIVXFKDWKRXJKWFRXOGSUHVHQWLWVHOI
,ZRXOGVWDEP\VHOIWRSXQLVKP\KHDUWIRUKDYLQJIRURQH
LQVWDQWKDUERUHGLW
,QGHHGP\GHDUIULHQGVDLG0G
$YULJQ\,ZRXOGQRW

921

DFFXVHDQ\RQH,VSHDNRQO\RIDQDFFLGHQW\RXXQGHUVWDQG
RIDPLVWDNHEXWZKHWKHUDFFLGHQWRUPLVWDNHWKH
IDFWLVWKHUHLWLVRQP\FRQVFLHQFHDQGFRPSHOVPHWR
VSHDNDORXGWR\RX0DNHLQTXLU\
2IZKRP"KRZ"RIZKDW"
0D\QRW%DUURLVWKHROGVHUYDQWKDYHPDGHDPLVWDNHDQG
KDYHJLYHQ0DGDPHGH6DLQW0HUDQDGRVHSUHSDUHGIRUKLV
PDVWHU"
)RUP\IDWKHU"
<HV
%XWKRZFRXOGDGRVHSUHSDUHGIRU01RLUWLHUSRLVRQ0DGDPH
GH6DLQW0HUDQ"
1RWKLQJLVPRUHVLPSOH<RXNQRZSRLVRQVEHFRPHUHPHGLHVLQ
FHUWDLQGLVHDVHVRIZKLFKSDUDO\VLVLVRQH)RULQVWDQFH
KDYLQJWULHGHYHU\RWKHUUHPHG\WRUHVWRUHPRYHPHQWDQG
VSHHFKWR01RLUWLHU,UHVROYHGWRWU\RQHODVWPHDQVDQG
IRUWKUHHPRQWKV,KDYHEHHQJLYLQJKLPEUXFLQHVRWKDWLQ
WKHODVWGRVH,RUGHUHGIRUKLPWKHUHZHUHVL[JUDLQV7KLV
TXDQWLW\ZKLFKLVSHUIHFWO\VDIHWRDGPLQLVWHUWRWKH
SDUDO\]HGIUDPHRI01RLUWLHUZKLFKKDVEHFRPHJUDGXDOO\
DFFXVWRPHGWRLWZRXOGEHVXIILFLHQWWRNLOODQRWKHU
SHUVRQ
0\GHDUGRFWRUWKHUHLVQRFRPPXQLFDWLRQEHWZHHQ0
1RLUWLHU
VDSDUWPHQWDQGWKDWRI0DGDPHGH6DLQW0HUDQDQG
%DUURLVQHYHUHQWHUHGP\PRWKHULQODZ
VURRP,QVKRUW
GRFWRUDOWKRXJK,NQRZ\RXWREHWKHPRVWFRQVFLHQWLRXVPDQ
LQWKHZRUOGDQGDOWKRXJK,SODFHWKHXWPRVWUHOLDQFHLQ
\RX,ZDQWQRWZLWKVWDQGLQJP\FRQYLFWLRQWREHOLHYHWKLV
D[LRPHUUDUHKXPDQXPHVW
,VWKHUHRQHRIP\EUHWKUHQLQZKRP\RXKDYHHTXDO
FRQILGHQFHZLWKP\VHOI"
:K\GR\RXDVNPHWKDW"ZKDWGR\RXZLVK"
6HQGIRUKLP,ZLOOWHOOKLPZKDW,KDYHVHHQDQGZHZLOO
FRQVXOWWRJHWKHUDQGH[DPLQHWKHERG\

922

$QG\RXZLOOILQGWUDFHVRISRLVRQ"
1R,GLGQRWVD\RISRLVRQEXWZHFDQSURYHZKDWZDVWKH
VWDWHRIWKHERG\ZHVKDOOGLVFRYHUWKHFDXVHRIKHUVXGGHQ
GHDWKDQGZHVKDOOVD\C'HDU9LOOHIRUWLIWKLVWKLQJKDV
EHHQFDXVHGE\QHJOLJHQFHZDWFKRYHU\RXUVHUYDQWVLIIURP
KDWUHGZDWFK\RXUHQHPLHV

:KDWGR\RXSURSRVHWRPHG
$YULJQ\"VDLG9LOOHIRUWLQ
GHVSDLUVRVRRQDVDQRWKHULVDGPLWWHGLQWRRXUVHFUHWDQ
LQTXHVWZLOOEHFRPHQHFHVVDU\DQGDQLQTXHVWLQP\KRXVH
LPSRVVLEOH6WLOOFRQWLQXHGWKHSURFXUHXUORRNLQJDWWKH
GRFWRUZLWKXQHDVLQHVVLI\RXZLVKLWLI\RXGHPDQGLW
ZK\WKHQLWVKDOOEHGRQH%XWGRFWRU\RXVHHPHDOUHDG\
VRJULHYHGKRZFDQ,LQWURGXFHLQWRP\KRXVHVRPXFK
VFDQGDODIWHUVRPXFKVRUURZ"0\ZLIHDQGP\GDXJKWHUZRXOG
GLHRILW$QG,GRFWRU\RXNQRZDPDQGRHVQRWDUULYH
DWWKHSRVW,RFFXS\RQHKDVQRWEHHQNLQJ
VDWWRUQH\
WZHQW\ILYH\HDUVZLWKRXWKDYLQJDPDVVHGDWROHUDEOHQXPEHU
RIHQHPLHVPLQHDUHQXPHURXV/HWWKLVDIIDLUEHWDONHGRI
LWZLOOEHDWULXPSKIRUWKHPZKLFKZLOOPDNHWKHPUHMRLFH
DQGFRYHUPHZLWKVKDPH3DUGRQPHGRFWRUWKHVHZRUOGO\
LGHDVZHUH\RXDSULHVW,VKRXOGQRWGDUHWHOO\RXWKDW
EXW\RXDUHDPDQDQG\RXNQRZPDQNLQG'RFWRUSUD\UHFDOO
\RXUZRUGV\RXKDYHVDLGQRWKLQJKDYH\RX"
0\GHDU0GH9LOOHIRUWUHSOLHGWKHGRFWRUP\ILUVW
GXW\LVWRKXPDQLW\,ZRXOGKDYHVDYHG0DGDPHGH
6DLQW0HUDQLIVFLHQFHFRXOGKDYHGRQHLWEXWVKHLVGHDG
DQGP\GXW\UHJDUGVWKHOLYLQJ/HWXVEXU\WKLVWHUULEOH
VHFUHWLQWKHGHHSHVWUHFHVVHVRIRXUKHDUWV,DPZLOOLQJ
LIDQ\RQHVKRXOGVXVSHFWWKLVWKDWP\VLOHQFHRQWKH
VXEMHFWVKRXOGEHLPSXWHGWRP\LJQRUDQFH0HDQZKLOHVLU
ZDWFKDOZD\VZDWFKFDUHIXOO\IRUSHUKDSVWKHHYLOPD\
QRWVWRSKHUH$QGZKHQ\RXKDYHIRXQGWKHFXOSULWLI\RX
ILQGKLP,ZLOOVD\WR\RXC<RXDUHDPDJLVWUDWHGRDV
\RXZLOO

,WKDQN\RXGRFWRUVDLG9LOOHIRUWZLWKLQGHVFULEDEOH
MR\,QHYHUKDGDEHWWHUIULHQGWKDQ\RX$QGDVLIKH
IHDUHG'RFWRUG
$YULJQ\ZRXOGUHFDOOKLVSURPLVHKHKXUULHG
KLPWRZDUGVWKHKRXVH

923

:KHQWKH\ZHUHJRQH0RUUHOYHQWXUHGRXWIURPXQGHUWKH
WUHHVDQGWKHPRRQVKRQHXSRQKLVIDFHZKLFKZDVVRSDOH
LWPLJKWKDYHEHHQWDNHQIRUWKDWRIDJKRVW,DP
PDQLIHVWO\SURWHFWHGLQDPRVWZRQGHUIXOEXWPRVWWHUULEOH
PDQQHUVDLGKHEXW9DOHQWLQHSRRUJLUOKRZZLOOVKH
EHDUVRPXFKVRUURZ"
$VKHWKRXJKWWKXVKHORRNHGDOWHUQDWHO\DWWKHZLQGRZZLWK
UHGFXUWDLQVDQGWKHWKUHHZLQGRZVZLWKZKLWHFXUWDLQV7KH
OLJKWKDGDOPRVWGLVDSSHDUHGIURPWKHIRUPHUGRXEWOHVV
0DGDPHGH9LOOHIRUWKDGMXVWSXWRXWKHUODPSDQGWKH
QLJKWODPSDORQHUHIOHFWHGLWVGXOOOLJKWRQWKHZLQGRZ$W
WKHH[WUHPLW\RIWKHEXLOGLQJRQWKHFRQWUDU\KHVDZRQH
RIWKHWKUHHZLQGRZVRSHQ$ZD[OLJKWSODFHGRQWKH
PDQWOHSLHFHWKUHZVRPHRILWVSDOHUD\VZLWKRXWDQGD
VKDGRZZDVVHHQIRURQHPRPHQWRQWKHEDOFRQ\0RUUHO
VKXGGHUHGKHWKRXJKWKHKHDUGDVRE
,WFDQQRWEHZRQGHUHGDWWKDWKLVPLQGJHQHUDOO\VR
FRXUDJHRXVEXWQRZGLVWXUEHGE\WKHWZRVWURQJHVWKXPDQ
SDVVLRQVORYHDQGIHDUZDVZHDNHQHGHYHQWRWKHLQGXOJHQFH
RIVXSHUVWLWLRXVWKRXJKWV$OWKRXJKLWZDVLPSRVVLEOHWKDW
9DOHQWLQHVKRXOGVHHKLPKLGGHQDVKHZDVKHWKRXJKWKH
KHDUGWKHVKDGRZDWWKHZLQGRZFDOOKLPKLVGLVWXUEHGPLQG
WROGKLPVR7KLVGRXEOHHUURUEHFDPHDQLUUHVLVWLEOH
UHDOLW\DQGE\RQHRIWKHLQFRPSUHKHQVLEOHWUDQVSRUWVRI
\RXWKKHERXQGHGIURPKLVKLGLQJSODFHDQGZLWKWZR
VWULGHVDWWKHULVNRIEHLQJVHHQDWWKHULVNRIDODUPLQJ
9DOHQWLQHDWWKHULVNRIEHLQJGLVFRYHUHGE\VRPH
H[FODPDWLRQZKLFKPLJKWHVFDSHWKH\RXQJJLUOKHFURVVHG
WKHIORZHUJDUGHQZKLFKE\WKHOLJKWRIWKHPRRQUHVHPEOHG
DODUJHZKLWHODNHDQGKDYLQJSDVVHGWKHURZVRI
RUDQJHWUHHVZKLFKH[WHQGHGLQIURQWRIWKHKRXVHKH
UHDFKHGWKHVWHSUDQTXLFNO\XSDQGSXVKHGWKHGRRUZKLFK
RSHQHGZLWKRXWRIIHULQJDQ\UHVLVWDQFH9DOHQWLQHKDGQRW
VHHQKLP+HUH\HVUDLVHGWRZDUGVKHDYHQZHUHZDWFKLQJD
VLOYHU\FORXGJOLGLQJRYHUWKHD]XUHLWVIRUPWKDWRID
VKDGRZPRXQWLQJWRZDUGVKHDYHQ+HUSRHWLFDQGH[FLWHGPLQG
SLFWXUHGLWDVWKHVRXORIKHUJUDQGPRWKHU
0HDQZKLOH0RUUHOKDGWUDYHUVHGWKHDQWHURRPDQGIRXQGWKH
VWDLUFDVHZKLFKEHLQJFDUSHWHGSUHYHQWHGKLVDSSURDFK
EHLQJKHDUGDQGKHKDGUHJDLQHGWKDWGHJUHHRIFRQILGHQFH
WKDWWKHSUHVHQFHRI0GH9LOOHIRUWHYHQZRXOGQRWKDYH

924

DODUPHGKLP+HZDVTXLWHSUHSDUHGIRUDQ\VXFKHQFRXQWHU
+HZRXOGDWRQFHDSSURDFK9DOHQWLQH
VIDWKHUDQGDFNQRZOHGJH
DOOEHJJLQJ9LOOHIRUWWRSDUGRQDQGVDQFWLRQWKHORYHZKLFK
XQLWHGWZRIRQGDQGORYLQJKHDUWV0RUUHOZDVPDG+DSSLO\
KHGLGQRWPHHWDQ\RQH1RZHVSHFLDOO\GLGKHILQGWKH
GHVFULSWLRQ9DOHQWLQHKDGJLYHQRIWKHLQWHULRURIWKHKRXVH
XVHIXOWRKLPKHDUULYHGVDIHO\DWWKHWRSRIWKH
VWDLUFDVHDQGZKLOHKHZDVIHHOLQJKLVZD\DVRELQGLFDWHG
WKHGLUHFWLRQKHZDVWRWDNH+HWXUQHGEDFNDGRRUSDUWO\
RSHQHQDEOHGKLPWRVHHKLVURDGDQGWRKHDUWKHYRLFHRI
RQHLQVRUURZ+HSXVKHGWKHGRRURSHQDQGHQWHUHG$WWKH
RWKHUHQGRIWKHURRPXQGHUDZKLWHVKHHWZKLFKFRYHUHGLW
OD\WKHFRUSVHVWLOOPRUHDODUPLQJWR0RUUHOVLQFHWKH
DFFRXQWKHKDGVRXQH[SHFWHGO\RYHUKHDUG%\LWVVLGHRQ
KHUNQHHVDQGZLWKKHUKHDGEXULHGLQWKHFXVKLRQRIDQ
HDV\FKDLUZDV9DOHQWLQHWUHPEOLQJDQGVREELQJKHUKDQGV
H[WHQGHGDERYHKHUKHDGFODVSHGDQGVWLII6KHKDGWXUQHG
IURPWKHZLQGRZZKLFKUHPDLQHGRSHQDQGZDVSUD\LQJLQ
DFFHQWVWKDWZRXOGKDYHDIIHFWHGWKHPRVWXQIHHOLQJKHU
ZRUGVZHUHUDSLGLQFRKHUHQWXQLQWHOOLJLEOHIRUWKH
EXUQLQJZHLJKWRIJULHIDOPRVWVWRSSHGKHUXWWHUDQFH7KH
PRRQVKLQLQJWKURXJKWKHRSHQEOLQGVPDGHWKHODPSDSSHDUWR
EXUQSDOHUDQGFDVWDVHSXOFKUDOKXHRYHUWKHZKROHVFHQH
0RUUHOFRXOGQRWUHVLVWWKLVKHZDVQRWH[HPSODU\IRU
SLHW\KHZDVQRWHDVLO\LPSUHVVHGEXW9DOHQWLQHVXIIHULQJ
ZHHSLQJZULQJLQJKHUKDQGVEHIRUHKLPZDVPRUHWKDQKH
FRXOGEHDULQVLOHQFH+HVLJKHGDQGZKLVSHUHGDQDPHDQG
WKHKHDGEDWKHGLQWHDUVDQGSUHVVHGRQWKHYHOYHWFXVKLRQ
RIWKHFKDLUDKHDGOLNHWKDWRID0DJGDOHQE\&RUUHJJLR
ZDVUDLVHGDQGWXUQHGWRZDUGVKLP9DOHQWLQHSHUFHLYHG
KLPZLWKRXWEHWUD\LQJWKHOHDVWVXUSULVH$KHDUW
RYHUZKHOPHGZLWKRQHJUHDWJULHILVLQVHQVLEOHWRPLQRU
HPRWLRQV0RUUHOKHOGRXWKLVKDQGWRKHU9DOHQWLQHDVKHU
RQO\DSRORJ\IRUQRWKDYLQJPHWKLPSRLQWHGWRWKHFRUSVH
XQGHUWKHVKHHWDQGEHJDQWRVREDJDLQ1HLWKHUGDUHGIRU
VRPHWLPHWRVSHDNLQWKDWURRP7KH\KHVLWDWHGWREUHDNWKH
VLOHQFHZKLFKGHDWKVHHPHGWRLPSRVHDWOHQJWK9DOHQWLQH
YHQWXUHG
0\IULHQGVDLGVKHKRZFDPH\RXKHUH"$ODV,ZRXOGVD\
\RXDUHZHOFRPHKDGQRWGHDWKRSHQHGWKHZD\IRU\RXLQWR
WKLVKRXVH
9DOHQWLQHVDLG0RUUHOZLWKDWUHPEOLQJYRLFH,KDG

925

ZDLWHGVLQFHKDOISDVWHLJKWDQGGLGQRWVHH\RXFRPH,
EHFDPHXQHDV\OHDSHGWKHZDOOIRXQGP\ZD\WKURXJKWKH
JDUGHQZKHQYRLFHVFRQYHUVLQJDERXWWKHIDWDOHYHQW
:KDWYRLFHV"DVNHG9DOHQWLQH0RUUHOVKXGGHUHGDVKH
WKRXJKWRIWKHFRQYHUVDWLRQRIWKHGRFWRUDQG0GH
9LOOHIRUWDQGKHWKRXJKWKHFRXOGVHHWKURXJKWKHVKHHWWKH
H[WHQGHGKDQGVWKHVWLIIQHFNDQGWKHSXUSOHOLSV
<RXUVHUYDQWVVDLGKHZKRZHUHUHSHDWLQJWKHZKROHRI
WKHVRUURZIXOVWRU\IURPWKHP,OHDUQHGLWDOO
%XWLWZDVULVNLQJWKHIDLOXUHRIRXUSODQWRFRPHXSKHUH
ORYH
)RUJLYHPHUHSOLHG0RUUHO,ZLOOJRDZD\
1RVDLG9DOHQWLQH\RXPLJKWPHHWVRPHRQHVWD\
%XWLIDQ\RQHVKRXOGFRPHKHUH
7KH\RXQJJLUOVKRRNKHUKHDG1RRQHZLOOFRPHVDLGVKH
GRQRWIHDUWKHUHLVRXUVDIHJXDUGSRLQWLQJWRWKHEHG
%XWZKDWKDVEHFRPHRI0G
(SLQD\"UHSOLHG0RUUHO
0)UDQ]DUULYHGWRVLJQWKHFRQWUDFWMXVWDVP\GHDU
JUDQGPRWKHUZDVG\LQJ
$ODVVDLG0RUUHOZLWKDIHHOLQJRIVHOILVKMR\IRUKH
WKRXJKWWKLVGHDWKZRXOGFDXVHWKHZHGGLQJWREHSRVWSRQHG
LQGHILQLWHO\%XWZKDWUHGRXEOHVP\VRUURZFRQWLQXHGWKH
\RXQJJLUODVLIWKLVIHHOLQJZDVWRUHFHLYHLWVLPPHGLDWH
SXQLVKPHQWLVWKDWWKHSRRUROGODG\RQKHUGHDWKEHG
UHTXHVWHGWKDWWKHPDUULDJHPLJKWWDNHSODFHDVVRRQDV
SRVVLEOHVKHDOVRWKLQNLQJWRSURWHFWPHZDVDFWLQJ
DJDLQVWPH
+DUNVDLG0RUUHO7KH\ERWKOLVWHQHGVWHSVZHUH
GLVWLQFWO\KHDUGLQWKHFRUULGRUDQGRQWKHVWDLUV
,WLVP\IDWKHUZKRKDVMXVWOHIWKLVVWXG\
7RDFFRPSDQ\WKHGRFWRUWRWKHGRRUDGGHG0RUUHO

926

+RZGR\RXNQRZLWLVWKHGRFWRU"DVNHG9DOHQWLQH
DVWRQLVKHG
,LPDJLQHGLWPXVWEHVDLG0RUUHO9DOHQWLQHORRNHGDW
WKH\RXQJPDQWKH\KHDUGWKHVWUHHWGRRUFORVHWKHQ0GH
9LOOHIRUWORFNHGWKHJDUGHQGRRUDQGUHWXUQHGXSVWDLUV+H
VWRSSHGDPRPHQWLQWKHDQWHURRPDVLIKHVLWDWLQJZKHWKHU
WRWXUQWRKLVRZQDSDUWPHQWRULQWR0DGDPHGH
6DLQW0HUDQ
V0RUUHOFRQFHDOHGKLPVHOIEHKLQGDGRRU
9DOHQWLQHUHPDLQHGPRWLRQOHVVJULHIVHHPLQJWRGHSULYHKHU
RIDOOIHDU0GH9LOOHIRUWSDVVHGRQWRKLVRZQURRP
1RZVDLG9DOHQWLQH\RXFDQQHLWKHUJRRXWE\WKHIURQW
GRRUQRUE\WKHJDUGHQ0RUUHOORRNHGDWKHUZLWK
DVWRQLVKPHQW7KHUHLVEXWRQHZD\OHIW\RXWKDWLVVDIH
VDLGVKHLWLVWKURXJKP\JUDQGIDWKHU
VURRP6KHURVH
&RPHVKHDGGHG:KHUH"DVNHG0D[LPLOLDQ
7RP\JUDQGIDWKHU
VURRP
,LQ01RLUWLHU
VDSDUWPHQW"
<HV
&DQ\RXPHDQLW9DOHQWLQH"
,KDYHORQJZLVKHGLWKHLVP\RQO\UHPDLQLQJIULHQGDQG
ZHERWKQHHGKLVKHOSFRPH
%HFDUHIXO9DOHQWLQHVDLG0RUUHOKHVLWDWLQJWRFRPSO\
ZLWKWKH\RXQJJLUO
VZLVKHV,QRZVHHP\HUURU,DFWHG
OLNHDPDGPDQLQFRPLQJLQKHUH$UH\RXVXUH\RXDUHPRUH
UHDVRQDEOH"
<HVVDLG9DOHQWLQHDQG,KDYHEXWRQHVFUXSOHWKDW
RIOHDYLQJP\GHDUJUDQGPRWKHU
VUHPDLQVZKLFK,KDG
XQGHUWDNHQWRZDWFK
9DOHQWLQHVDLG0RUUHOGHDWKLVLQLWVHOIVDFUHG
<HVVDLG9DOHQWLQHEHVLGHVLWZLOOQRWEHIRUORQJ
6KHWKHQFURVVHGWKHFRUULGRUDQGOHGWKHZD\GRZQDQDUURZ
VWDLUFDVHWR01RLUWLHU
VURRP0RUUHOIROORZHGKHURQ
WLSWRHDWWKHGRRUWKH\IRXQGWKHROGVHUYDQW%DUURLV

927

VDLG9DOHQWLQHVKXWWKHGRRUDQGOHWQRRQHFRPHLQ6KH
SDVVHGILUVW1RLUWLHUVHDWHGLQKLVFKDLUDQGOLVWHQLQJ
WRHYHU\VRXQGZDVZDWFKLQJWKHGRRUKHVDZ9DOHQWLQHDQG
KLVH\HEULJKWHQHG7KHUHZDVVRPHWKLQJJUDYHDQGVROHPQLQ
WKHDSSURDFKRIWKH\RXQJJLUOZKLFKVWUXFNWKHROGPDQDQG
LPPHGLDWHO\KLVEULJKWH\HEHJDQWRLQWHUURJDWH'HDU
JUDQGIDWKHUVDLGVKHKXUULHGO\\RXNQRZSRRUJUDQGPDPPD
GLHGDQKRXUVLQFHDQGQRZ,KDYHQRIULHQGLQWKHZRUOG
EXW\RX+LVH[SUHVVLYHH\HVHYLQFHGWKHJUHDWHVW
WHQGHUQHVV7R\RXDORQHWKHQPD\,FRQILGHP\VRUURZV
DQGP\KRSHV"7KHSDUDO\WLFPRWLRQHG<HV9DOHQWLQHWRRN
0D[LPLOLDQ
VKDQG/RRNDWWHQWLYHO\WKHQDWWKLV
JHQWOHPDQ7KHROGPDQIL[HGKLVVFUXWLQL]LQJJD]HZLWK
VOLJKWDVWRQLVKPHQWRQ0RUUHO,WLV00D[LPLOLDQ0RUUHO
VDLGVKHWKHVRQRIWKDWJRRGPHUFKDQWRI0DUVHLOOHVZKRP
\RXGRXEWOHVVUHFROOHFW
<HVVDLGWKHROGPDQ+HEULQJVDQLUUHSURDFKDEOHQDPH
ZKLFK0D[LPLOLDQLVOLNHO\WRUHQGHUJORULRXVVLQFHDW
WKLUW\\HDUVRIDJHKHLVDFDSWDLQDQRIILFHURIWKH
/HJLRQRI+RQRU7KHROGPDQVLJQLILHGWKDWKHUHFROOHFWHG
KLP:HOOJUDQGSDSDVDLG9DOHQWLQHNQHHOLQJEHIRUHKLP
DQGSRLQWLQJWR0D[LPLOLDQ,ORYHKLPDQGZLOOEHRQO\
KLVZHUH,FRPSHOOHGWRPDUU\DQRWKHU,ZRXOGGHVWUR\
P\VHOI
7KHH\HVRIWKHSDUDO\WLFH[SUHVVHGDPXOWLWXGHRI
WXPXOWXRXVWKRXJKWV<RXOLNH00D[LPLOLDQ0RUUHOGR\RX
QRWJUDQGSDSD"DVNHG9DOHQWLQH
<HV
$QG\RXZLOOSURWHFWXVZKRDUH\RXUFKLOGUHQDJDLQVWWKH
ZLOORIP\IDWKHU"1RLUWLHUFDVWDQLQWHOOLJHQWJODQFH
DW0RUUHODVLIWRVD\SHUKDSV,PD\0D[LPLOLDQ
XQGHUVWRRGKLP
0DGHPRLVHOOHVDLGKH\RXKDYHDVDFUHGGXW\WRIXOILO
LQ\RXUGHFHDVHGJUDQGPRWKHU
VURRPZLOO\RXDOORZPHWKH
KRQRURIDIHZPLQXWHV
FRQYHUVDWLRQZLWK01RLUWLHU"
7KDWLVLWVDLGWKHROGPDQ
VH\H7KHQKHORRNHG
DQ[LRXVO\DW9DOHQWLQH

928

'R\RXIHDUKHZLOOQRWXQGHUVWDQG"
<HV
2KZHKDYHVRRIWHQVSRNHQRI\RXWKDWKHNQRZVH[DFWO\
KRZ,WDONWR\RX7KHQWXUQLQJWR0D[LPLOLDQZLWKDQ
DGRUDEOHVPLOHDOWKRXJKVKDGHGE\VRUURZ+HNQRZV
HYHU\WKLQJ,NQRZVDLGVKH
9DOHQWLQHDURVHSODFHGDFKDLUIRU0RUUHOUHTXHVWHG
%DUURLVQRWWRDGPLWDQ\RQHDQGKDYLQJWHQGHUO\HPEUDFHG
KHUJUDQGIDWKHUDQGVRUURZIXOO\WDNHQOHDYHRI0RUUHOVKH
ZHQWDZD\7RSURYHWR1RLUWLHUWKDWKHZDVLQ9DOHQWLQH
V
FRQILGHQFHDQGNQHZDOOWKHLUVHFUHWV0RUUHOWRRNWKH
GLFWLRQDU\DSHQDQGVRPHSDSHUDQGSODFHGWKHPDOORQD
WDEOHZKHUHWKHUHZDVDOLJKW
%XWILUVWVDLG0RUUHODOORZPHVLUWRWHOO\RXZKR,
DPKRZPXFK,ORYH0DGHPRLVHOOH9DOHQWLQHDQGZKDWDUHP\
GHVLJQVUHVSHFWLQJKHU1RLUWLHUPDGHDVLJQWKDWKHZRXOG
OLVWHQ
,WZDVDQLPSRVLQJVLJKWWRZLWQHVVWKLVROGPDQDSSDUHQWO\
DPHUHXVHOHVVEXUGHQEHFRPLQJWKHVROHSURWHFWRUVXSSRUW
DQGDGYLVHURIWKHORYHUVZKRZHUHERWK\RXQJEHDXWLIXO
DQGVWURQJ+LVUHPDUNDEO\QREOHDQGDXVWHUHH[SUHVVLRQ
VWUXFN0RUUHOZKREHJDQKLVVWRU\ZLWKWUHPEOLQJ+H
UHODWHGWKHPDQQHULQZKLFKKHKDGEHFRPHDFTXDLQWHGZLWK
9DOHQWLQHDQGKRZKHKDGORYHGKHUDQGWKDW9DOHQWLQHLQ
KHUVROLWXGHDQGKHUPLVIRUWXQHKDGDFFHSWHGWKHRIIHURI
KLVGHYRWLRQ+HWROGKLPKLVELUWKKLVSRVLWLRQKLV
IRUWXQHDQGPRUHWKDQRQFHZKHQKHFRQVXOWHGWKHORRNRI
WKHSDUDO\WLFWKDWORRNDQVZHUHG7KDWLVJRRGSURFHHG
$QGQRZVDLG0RUUHOZKHQKHKDGILQLVKHGWKHILUVWSDUW
RIKLVUHFLWDOQRZ,KDYHWROG\RXRIP\ORYHDQGP\
KRSHVPD\,LQIRUP\RXRIP\LQWHQWLRQV"
<HVVLJQLILHGWKHROGPDQ
7KLVZDVRXUUHVROXWLRQDFDEULROHWZDVLQZDLWLQJDWWKH
JDWHLQZKLFK,LQWHQGHGWRFDUU\RII9DOHQWLQHWRP\
VLVWHU
VKRXVHWRPDUU\KHUDQGWRZDLWUHVSHFWIXOO\0GH
9LOOHIRUW
VSDUGRQ

929

1RVDLG1RLUWLHU
:HPXVWQRWGRVR"
1R
<RXGRQRWVDQFWLRQRXUSURMHFW"
1R
7KHUHLVDQRWKHUZD\VDLG0RUUHO7KHROGPDQ
V
LQWHUURJDWLYHH\HVDLG:KDW"
,ZLOOJRFRQWLQXHG0D[LPLOLDQ,ZLOOVHHN0)UDQ]
G
(SLQD\,DPKDSS\WREHDEOHWRPHQWLRQWKLVLQ
0DGHPRLVHOOHGH9LOOHIRUW
VDEVHQFHDQGZLOOFRQGXFW
P\VHOIWRZDUGKLPVRDVWRFRPSHOKLPWRFKDOOHQJHPH
1RLUWLHU
VORRNFRQWLQXHGWRLQWHUURJDWH<RXZLVKWRNQRZ
ZKDW,ZLOOGR"
<HV
,ZLOOILQGKLPDV,WROG\RX,ZLOOWHOOKLPWKHWLHV
ZKLFKELQGPHWR0DGHPRLVHOOH9DOHQWLQHLIKHEHDVHQVLEOH
PDQKHZLOOSURYHLWE\UHQRXQFLQJRIKLVRZQDFFRUGWKH
KDQGRIKLVEHWURWKHGDQGZLOOVHFXUHP\IULHQGVKLSDQG
ORYHXQWLOGHDWKLIKHUHIXVHHLWKHUWKURXJKLQWHUHVWRU
ULGLFXORXVSULGHDIWHU,KDYHSURYHGWRKLPWKDWKHZRXOG
EHIRUFLQJP\ZLIHIURPPHWKDW9DOHQWLQHORYHVPHDQG
ZLOOKDYHQRRWKHU,ZLOOILJKWZLWKKLPJLYHKLPHYHU\
DGYDQWDJHDQG,VKDOONLOOKLPRUKHZLOONLOOPHLI,DP
YLFWRULRXVKHZLOOQRWPDUU\9DOHQWLQHDQGLI,GLH,DP
YHU\VXUH9DOHQWLQHZLOOQRWPDUU\KLP1RLUWLHUZDWFKHG
ZLWKLQGHVFULEDEOHSOHDVXUHWKLVQREOHDQGVLQFHUH
FRXQWHQDQFHRQZKLFKHYHU\VHQWLPHQWKLVWRQJXHXWWHUHGZDV
GHSLFWHGDGGLQJE\WKHH[SUHVVLRQRIKLVILQHIHDWXUHVDOO
WKDWFRORULQJDGGVWRDVRXQGDQGIDLWKIXOGUDZLQJ6WLOO
ZKHQ0RUUHOKDGILQLVKHGKHVKXWKLVH\HVVHYHUDOWLPHV
ZKLFKZDVKLVPDQQHURIVD\LQJ1R
1R"VDLG0RUUHO\RXGLVDSSURYHRIWKLVVHFRQGSURMHFW
DV\RXGLGRIWKHILUVW"

930

,GRVLJQLILHGWKHROGPDQ
%XWZKDWWKHQPXVWEHGRQH"DVNHG0RUUHO0DGDPHGH
6DLQW0HUDQ
VODVWUHTXHVWZDVWKDWWKHPDUULDJHPLJKWQRW
EHGHOD\HGPXVW,OHWWKLQJVWDNHWKHLUFRXUVH"1RLUWLHU
GLGQRWPRYH,XQGHUVWDQGVDLG0RUUHO,DPWRZDLW
<HV
%XWGHOD\PD\UXLQRXUSODQVLUUHSOLHGWKH\RXQJPDQ
$ORQH9DOHQWLQHKDVQRSRZHUVKHZLOOEHFRPSHOOHGWR
VXEPLW,DPKHUHDOPRVWPLUDFXORXVO\DQGFDQVFDUFHO\KRSH
IRUVRJRRGDQRSSRUWXQLW\WRRFFXUDJDLQ%HOLHYHPHWKHUH
DUHRQO\WKHWZRSODQV,KDYHSURSRVHGWR\RXIRUJLYHP\
YDQLW\DQGWHOOPHZKLFK\RXSUHIHU'R\RXDXWKRUL]H
0DGHPRLVHOOH9DOHQWLQHWRLQWUXVWKHUVHOIWRP\KRQRU"
1R
'R\RXSUHIHU,VKRXOGVHHN0G
(SLQD\"
1R
:KHQFHWKHQZLOOFRPHWKHKHOSZHQHHGIURPFKDQFH"
UHVXPHG0RUUHO
1R
)URP\RX"
<HV
<RXWKRURXJKO\XQGHUVWDQGPHVLU"3DUGRQP\HDJHUQHVVIRU
P\OLIHGHSHQGVRQ\RXUDQVZHU:LOORXUKHOSFRPHIURP
\RX"
<HV
<RXDUHVXUHRILW"
<HV7KHUHZDVVRPXFKILUPQHVVLQWKHORRNZKLFKJDYH
WKLVDQVZHUQRRQHFRXOGDWDQ\UDWHGRXEWKLVZLOOLI
WKH\GLGKLVSRZHU2KWKDQN\RXDWKRXVDQGWLPHV%XW
KRZXQOHVVDPLUDFOHVKRXOGUHVWRUH\RXUVSHHFK\RXU

931

JHVWXUH\RXUPRYHPHQWKRZFDQ\RXFKDLQHGWRWKDW
DUPFKDLUGXPEDQGPRWLRQOHVVRSSRVHWKLVPDUULDJH"$
VPLOHOLWXSWKHROGPDQ
VIDFHDVWUDQJHVPLOHRIWKHH\HV
LQDSDUDO\]HGIDFH7KHQ,PXVWZDLW"DVNHGWKH\RXQJ
PDQ
<HV
%XWWKHFRQWUDFW"7KHVDPHVPLOHUHWXUQHG:LOO\RX
DVVXUHPHLWVKDOOQRWEHVLJQHG"
<HVVDLG1RLUWLHU
7KHFRQWUDFWVKDOOQRWEHVLJQHGFULHG0RUUHO2K
SDUGRQPHVLU,FDQVFDUFHO\UHDOL]HVRJUHDWDKDSSLQHVV
:LOOWKH\QRWVLJQLW"
1RVDLGWKHSDUDO\WLF1RWZLWKVWDQGLQJWKDWDVVXUDQFH
0RUUHOVWLOOKHVLWDWHG7KLVSURPLVHRIDQLPSRWHQWROGPDQ
ZDVVRVWUDQJHWKDWLQVWHDGRIEHLQJWKHUHVXOWRIWKH
SRZHURIKLVZLOOLWPLJKWHPDQDWHIURPHQIHHEOHGRUJDQV
,VLWQRWQDWXUDOWKDWWKHPDGPDQLJQRUDQWRIKLVIROO\
VKRXOGDWWHPSWWKLQJVEH\RQGKLVSRZHU"7KHZHDNPDQWDONV
RIEXUGHQVKHFDQUDLVHWKHWLPLGRIJLDQWVKHFDQ
FRQIURQWWKHSRRURIWUHDVXUHVKHVSHQGVWKHPRVWKXPEOH
SHDVDQWLQWKHKHLJKWRIKLVSULGHFDOOVKLPVHOI-XSLWHU
:KHWKHU1RLUWLHUXQGHUVWRRGWKH\RXQJPDQ
VLQGHFLVLRQRU
ZKHWKHUKHKDGQRWIXOOFRQILGHQFHLQKLVGRFLOLW\KH
ORRNHGXQHDVLO\DWKLP:KDWGR\RXZLVKVLU"DVNHG
0RUUHOWKDW,VKRXOGUHQHZP\SURPLVHRIUHPDLQLQJ
WUDQTXLO"1RLUWLHU
VH\HUHPDLQHGIL[HGDQGILUPDVLIWR
LPSO\WKDWDSURPLVHGLGQRWVXIILFHWKHQLWSDVVHGIURP
KLVIDFHWRKLVKDQGV
6KDOO,VZHDUWR\RXVLU"DVNHG0D[LPLOLDQ
<HV"VDLGWKHSDUDO\WLFZLWKWKHVDPHVROHPQLW\0RUUHO
XQGHUVWRRGWKDWWKHROGPDQDWWDFKHGJUHDWLPSRUWDQFHWRDQ
RDWK+HH[WHQGHGKLVKDQG
,VZHDUWR\RXRQP\KRQRUVDLGKHWRDZDLW\RXU
GHFLVLRQUHVSHFWLQJWKHFRXUVH,DPWRSXUVXHZLWK0
G
(SLQD\

932

7KDWLVULJKWVDLGWKHROGPDQ
1RZVDLG0RUUHOGR\RXZLVKPHWRUHWLUH"
<HV
:LWKRXWVHHLQJ0DGHPRLVHOOH9DOHQWLQH"
<HV
0RUUHOPDGHDVLJQWKDWKHZDVUHDG\WRREH\%XWVDLG
KHILUVWDOORZPHWRHPEUDFH\RXDV\RXUGDXJKWHUGLGMXVW
QRZ1RLUWLHU
VH[SUHVVLRQFRXOGQRWEHXQGHUVWRRG7KH
\RXQJPDQSUHVVHGKLVOLSVRQWKHVDPHVSRWRQWKHROG
PDQ
VIRUHKHDGZKHUH9DOHQWLQH
VKDGEHHQ7KHQKHERZHGD
VHFRQGWLPHDQGUHWLUHG+HIRXQGRXWVLGHWKHGRRUWKHROG
VHUYDQWWRZKRP9DOHQWLQHKDGJLYHQGLUHFWLRQV0RUUHOZDV
FRQGXFWHGDORQJDGDUNSDVVDJHZKLFKOHGWRDOLWWOHGRRU
RSHQLQJRQWKHJDUGHQVRRQIRXQGWKHVSRWZKHUHKHKDG
HQWHUHGZLWKWKHDVVLVWDQFHRIWKHVKUXEVJDLQHGWKHWRSRI
WKHZDOODQGE\KLVODGGHUZDVLQDQLQVWDQWLQWKH
FORYHUILHOGZKHUHKLVFDEULROHWZDVVWLOOZDLWLQJIRUKLP
+HJRWLQLWDQGWKRURXJKO\ZHDULHGE\VRPDQ\HPRWLRQV
DUULYHGDERXWPLGQLJKWLQWKH5XH0HVOD\WKUHZKLPVHOIRQ
KLVEHGDQGVOHSWVRXQGO\

&KDSWHU
7KH9LOOHIRUW)DPLO\9DXOW
7ZRGD\VDIWHUDFRQVLGHUDEOHFURZGZDVDVVHPEOHGWRZDUGV
WHQR
FORFNLQWKHPRUQLQJDURXQGWKHGRRURI0GH
9LOOHIRUW
VKRXVHDQGDORQJILOHRIPRXUQLQJFRDFKHVDQG
SULYDWHFDUULDJHVH[WHQGHGDORQJWKH)DXERXUJ6DLQW+RQRUH
DQGWKH5XHGHOD3HSLQLHUH$PRQJWKHPZDVRQHRIDYHU\
VLQJXODUIRUPZKLFKDSSHDUHGWRKDYHFRPHIURPDGLVWDQFH
,WZDVDNLQGRIFRYHUHGZDJRQSDLQWHGEODFNDQGZDVRQH
RIWKHILUVWWRDUULYH,QTXLU\ZDVPDGHDQGLWZDV
DVFHUWDLQHGWKDWE\DVWUDQJHFRLQFLGHQFHWKLVFDUULDJH
FRQWDLQHGWKHFRUSVHRIWKH0DUTXLVGH6DLQW0HUDQDQGWKDW
WKRVHZKRKDGFRPHWKLQNLQJWRDWWHQGRQHIXQHUDOZRXOG
IROORZWZR7KHLUQXPEHUZDVJUHDW7KH0DUTXLVGH
6DLQW0HUDQRQHRIWKHPRVW]HDORXVDQGIDLWKIXO

933

GLJQLWDULHVRI/RXLV;9,,,DQG.LQJ&KDUOHV;KDG
SUHVHUYHGDJUHDWQXPEHURIIULHQGVDQGWKHVHDGGHGWRWKH
SHUVRQDJHVZKRPWKHXVDJHVRIVRFLHW\JDYH9LOOHIRUWDFODLP
RQIRUPHGDFRQVLGHUDEOHERG\
'XHLQIRUPDWLRQZDVJLYHQWRWKHDXWKRULWLHVDQGSHUPLVVLRQ
REWDLQHGWKDWWKHWZRIXQHUDOVVKRXOGWDNHSODFHDWWKHVDPH
WLPH$VHFRQGKHDUVHGHFNHGZLWKWKHVDPHIXQHUHDOSRPS
ZDVEURXJKWWR0GH9LOOHIRUW
VGRRUDQGWKHFRIILQ
UHPRYHGLQWRLWIURPWKHSRVWZDJRQ7KHWZRERGLHVZHUHWR
EHLQWHUUHGLQWKHFHPHWHU\RI3HUHOD&KDLVHZKHUH0GH
9LOOHIRUWKDGORQJVLQFHKDGDWRPESUHSDUHGIRUWKH
UHFHSWLRQRIKLVIDPLO\7KHUHPDLQVRISRRU5HQHHZHUH
DOUHDG\GHSRVLWHGWKHUHDQGQRZDIWHUWHQ\HDUVRI
VHSDUDWLRQKHUIDWKHUDQGPRWKHUZHUHWREHUHXQLWHGZLWK
KHU7KH3DULVLDQVDOZD\VFXULRXVDOZD\VDIIHFWHGE\
IXQHUHDOGLVSOD\ORRNHGRQZLWKUHOLJLRXVVLOHQFHZKLOHWKH
VSOHQGLGSURFHVVLRQDFFRPSDQLHGWRWKHLUODVWDERGHWZRRI
WKHQXPEHURIWKHROGDULVWRFUDF\WKHJUHDWHVWSURWHFWRUV
RIFRPPHUFHDQGVLQFHUHGHYRWHHVWRWKHLUSULQFLSOHV,QRQH
RIWKHPRXUQLQJFRDFKHV%HDXFKDPS'HEUD\DQG
&KDWHDX5HQDXGZHUHWDONLQJRIWKHYHU\VXGGHQGHDWKRIWKH
PDUFKLRQHVV,VDZ0DGDPHGH6DLQW0HUDQRQO\ODVW\HDUDW
0DUVHLOOHVZKHQ,ZDVFRPLQJEDFNIURP$OJLHUVVDLG
&KDWHDX5HQDXGVKHORRNHGOLNHDZRPDQGHVWLQHGWROLYHWR
EHDKXQGUHG\HDUVROGIURPKHUDSSDUHQWVRXQGKHDOWKDQG
JUHDWDFWLYLW\RIPLQGDQGERG\+RZROGZDVVKH"
)UDQ]DVVXUHGPHUHSOLHG$OEHUWWKDWVKHZDVVL[W\VL[
\HDUVROG%XWVKHKDVQRWGLHGRIROGDJHEXWRIJULHILW
DSSHDUVWKDWVLQFHWKHGHDWKRIWKHPDUTXLVZKLFKDIIHFWHG
KHUYHU\GHHSO\VKHKDVQRWFRPSOHWHO\UHFRYHUHGKHU
UHDVRQ
%XWRIZKDWGLVHDVHWKHQGLGVKHGLH"DVNHG'HEUD\
,WLVVDLGWRKDYHEHHQDFRQJHVWLRQRIWKHEUDLQRU
DSRSOH[\ZKLFKLVWKHVDPHWKLQJLVLWQRW"
1HDUO\
,WLVGLIILFXOWWREHOLHYHWKDWLWZDVDSRSOH[\VDLG
%HDXFKDPS0DGDPHGH6DLQW0HUDQZKRP,RQFHVDZZDV
VKRUWRIVOHQGHUIRUPDQGRIDPXFKPRUHQHUYRXVWKDQ

934

VDQJXLQHWHPSHUDPHQWJULHIFRXOGKDUGO\SURGXFHDSRSOH[\LQ
VXFKDFRQVWLWXWLRQDVWKDWRI0DGDPHGH6DLQW0HUDQ
$WDQ\UDWHVDLG$OEHUWZKDWHYHUGLVHDVHRUGRFWRUPD\
KDYHNLOOHGKHU0GH9LOOHIRUWRUUDWKHU0DGHPRLVHOOH
9DOHQWLQHRUVWLOOUDWKHURXUIULHQG)UDQ]LQKHULWVD
PDJQLILFHQWIRUWXQHDPRXQWLQJ,EHOLHYHWROLYUHV
SHUDQQXP
$QGWKLVIRUWXQHZLOOEHGRXEOHGDWWKHGHDWKRIWKHROG
-DFRELQ1RLUWLHU
7KDWLVDWHQDFLRXVROGJUDQGIDWKHUVDLG%HDXFKDPS
7HQDFHPSURSRVLWLYLUXP,WKLQNKHPXVWKDYHPDGHDQ
DJUHHPHQWZLWKGHDWKWRRXWOLYHDOOKLVKHLUVDQGKH
DSSHDUVOLNHO\WRVXFFHHG+HUHVHPEOHVWKHROG
&RQYHQWLRQDOLVWRI
ZKRVDLGWR1DSROHRQLQC<RX
EHQGEHFDXVH\RXUHPSLUHLVD\RXQJVWHPZHDNHQHGE\UDSLG
JURZWK7DNHWKH5HSXEOLFIRUDWXWRUOHWXVUHWXUQZLWK
UHQHZHGVWUHQJWKWRWKHEDWWOHILHOGDQG,SURPLVH\RX
VROGLHUVDQRWKHU0DUHQJRDQGDVHFRQG$XVWHUOLW]
,GHDVGRQRWEHFRPHH[WLQFWVLUHWKH\VOXPEHUVRPHWLPHV
EXWRQO\UHYLYHWKHVWURQJHUEHIRUHWKH\VOHHSHQWLUHO\

,GHDVDQGPHQDSSHDUHGWKHVDPHWRKLP2QHWKLQJRQO\
SX]]OHVPHQDPHO\KRZ)UDQ]G
(SLQD\ZLOOOLNHD
JUDQGIDWKHUZKRFDQQRWEHVHSDUDWHGIURPKLVZLIH%XWZKHUH
LV)UDQ]"
,QWKHILUVWFDUULDJHZLWK0GH9LOOHIRUWZKRFRQVLGHUV
KLPDOUHDG\DVRQHRIWKHIDPLO\
6XFKZDVWKHFRQYHUVDWLRQLQDOPRVWDOOWKHFDUULDJHVWKHVH
WZRVXGGHQGHDWKVVRTXLFNO\IROORZLQJHDFKRWKHU
DVWRQLVKHGHYHU\RQHEXWQRRQHVXVSHFWHGWKHWHUULEOH
VHFUHWZKLFK0G
$YULJQ\KDGFRPPXQLFDWHGLQKLVQRFWXUQDO
ZDONWR0GH9LOOHIRUW7KH\DUULYHGLQDERXWDQKRXUDW
WKHFHPHWHU\WKHZHDWKHUZDVPLOGEXWGXOODQGLQKDUPRQ\
ZLWKWKHIXQHUDOFHUHPRQ\$PRQJWKHJURXSVZKLFKIORFNHG
WRZDUGVWKHIDPLO\YDXOW&KDWHDX5HQDXGUHFRJQL]HG0RUUHO
ZKRKDGFRPHDORQHLQDFDEULROHWDQGZDONHGVLOHQWO\DORQJ
WKHSDWKERUGHUHGZLWK\HZWUHHV<RXKHUH"VDLG
&KDWHDX5HQDXGSDVVLQJKLVDUPVWKURXJKWKH\RXQJ
FDSWDLQ
VDUH\RXDIULHQGRI9LOOHIRUW
V"+RZLVLWWKDW
,KDYHQHYHUPHW\RXDWKLVKRXVH"

935

,DPQRDFTXDLQWDQFHRI0GH9LOOHIRUW
VDQVZHUHG
0RUUHOEXW,ZDVRI0DGDPHGH6DLQW0HUDQ$OEHUWFDPHXS
WRWKHPDWWKLVPRPHQWZLWK)UDQ]
7KHWLPHDQGSODFHDUHEXWLOOVXLWHGIRUDQLQWURGXFWLRQ
VDLG$OEHUWEXWZHDUHQRWVXSHUVWLWLRXV00RUUHODOORZ
PHWRSUHVHQWWR\RX0)UDQ]G
(SLQD\DGHOLJKWIXO
WUDYHOOLQJFRPSDQLRQZLWKZKRP,PDGHWKHWRXURI,WDO\0\
GHDU)UDQ]00D[LPLOLDQ0RUUHODQH[FHOOHQWIULHQG,KDYH
DFTXLUHGLQ\RXUDEVHQFHDQGZKRVHQDPH\RXZLOOKHDUPH
PHQWLRQHYHU\WLPH,PDNHDQ\DOOXVLRQWRDIIHFWLRQZLWRU
DPLDELOLW\0RUUHOKHVLWDWHGIRUDPRPHQWKHIHDUHGLW
ZRXOGEHK\SRFULWLFDOWRDFFRVWLQDIULHQGO\PDQQHUWKHPDQ
ZKRPKHZDVWDFLWO\RSSRVLQJEXWKLVRDWKDQGWKHJUDYLW\
RIWKHFLUFXPVWDQFHVUHFXUUHGWRKLVPHPRU\KHVWUXJJOHGWR
FRQFHDOKLVHPRWLRQDQGERZHGWR)UDQ]0DGHPRLVHOOHGH
9LOOHIRUWLVLQGHHSVRUURZLVVKHQRW"VDLG'HEUD\WR
)UDQ]
([WUHPHO\UHSOLHGKHVKHORRNHGVRSDOHWKLVPRUQLQJ,
VFDUFHO\NQHZKHU7KHVHDSSDUHQWO\VLPSOHZRUGVSLHUFHG
0RUUHOWRWKHKHDUW7KLVPDQKDGVHHQ9DOHQWLQHDQGVSRNHQ
WRKHU7KH\RXQJDQGKLJKVSLULWHGRIILFHUUHTXLUHGDOOKLV
VWUHQJWKRIPLQGWRUHVLVWEUHDNLQJKLVRDWK+HWRRNWKH
DUPRI&KDWHDX5HQDXGDQGWXUQHGWRZDUGVWKHYDXOWZKHUH
WKHDWWHQGDQWVKDGDOUHDG\SODFHGWKHWZRFRIILQV7KLVLV
DPDJQLILFHQWKDELWDWLRQVDLG%HDXFKDPSORRNLQJWRZDUGV
WKHPDXVROHXPDVXPPHUDQGZLQWHUSDODFH<RXZLOOLQ
WXUQHQWHULWP\GHDUG
(SLQD\IRU\RXZLOOVRRQEH
QXPEHUHGDVRQHRIWKHIDPLO\,DVDSKLORVRSKHUVKRXOG
OLNHDOLWWOHFRXQWU\KRXVHDFRWWDJHGRZQWKHUHXQGHUWKH
WUHHVZLWKRXWVRPDQ\IUHHVWRQHVRYHUP\SRRUERG\,Q
G\LQJ,ZLOOVD\WRWKRVHDURXQGPHZKDW9ROWDLUHZURWHWR
3LURQC(RUXVDQGDOOZLOOEHRYHU
%XWFRPH)UDQ]WDNH
FRXUDJH\RXUZLIHLVDQKHLUHVV
,QGHHG%HDXFKDPS\RXDUHXQEHDUDEOH3ROLWLFVKDVPDGH
\RXODXJKDWHYHU\WKLQJDQGSROLWLFDOPHQKDYHPDGH\RX
GLVEHOLHYHHYHU\WKLQJ%XWZKHQ\RXKDYHWKHKRQRURI
DVVRFLDWLQJZLWKRUGLQDU\PHQDQGWKHSOHDVXUHRIOHDYLQJ
SROLWLFVIRUDPRPHQWWU\WRILQG\RXUDIIHFWLRQDWHKHDUW
ZKLFK\RXOHDYHZLWK\RXUVWLFNZKHQ\RXJRWRWKH&KDPEHU

936

%XWWHOOPHVDLG%HDXFKDPSZKDWLVOLIH",VLWQRWD
KDOOLQ'HDWK
VDQWHURRP"
,DPSUHMXGLFHGDJDLQVW%HDXFKDPSVDLG$OEHUWGUDZLQJ
)UDQ]DZD\DQGOHDYLQJWKHIRUPHUWRILQLVKKLV
SKLORVRSKLFDOGLVVHUWDWLRQZLWK'HEUD\7KH9LOOHIRUWYDXOW
IRUPHGDVTXDUHRIZKLWHVWRQHVDERXWWZHQW\IHHWKLJKDQ
LQWHULRUSDUWLWLRQVHSDUDWHGWKHWZRIDPLOLHVDQGHDFK
DSDUWPHQWKDGLWVHQWUDQFHGRRU+HUHZHUHQRWDVLQRWKHU
WRPEVLJQREOHGUDZHUVRQHDERYHDQRWKHUZKHUHWKULIW
EHVWRZVLWVGHDGDQGODEHOVWKHPOLNHVSHFLPHQVLQDPXVHXP
DOOWKDWZDVYLVLEOHZLWKLQWKHEURQ]HJDWHVZDVD
JORRP\ORRNLQJURRPVHSDUDWHGE\DZDOOIURPWKHYDXOW
LWVHOI7KHWZRGRRUVEHIRUHPHQWLRQHGZHUHLQWKHPLGGOHRI
WKLVZDOODQGHQFORVHGWKH9LOOHIRUWDQG6DLQW0HUDQ
FRIILQV7KHUHJULHIPLJKWIUHHO\H[SHQGLWVHOIZLWKRXW
EHLQJGLVWXUEHGE\WKHWULIOLQJORXQJHUVZKRFDPHIURPD
SLFQLFSDUW\WRYLVLW3HUHOD&KDLVHRUE\ORYHUVZKRPDNH
LWWKHLUUHQGH]YRXV
7KHWZRFRIILQVZHUHSODFHGRQWUHVWOHVSUHYLRXVO\SUHSDUHG
IRUWKHLUUHFHSWLRQLQWKHULJKWKDQGFU\SWEHORQJLQJWRWKH
6DLQW0HUDQIDPLO\9LOOHIRUW)UDQ]DQGDIHZQHDU
UHODWLYHVDORQHHQWHUHGWKHVDQFWXDU\
$VWKHUHOLJLRXVFHUHPRQLHVKDGDOOEHHQSHUIRUPHGDWWKH
GRRUDQGWKHUHZDVQRDGGUHVVJLYHQWKHSDUW\DOO
VHSDUDWHG&KDWHDX5HQDXG$OEHUWDQG0RUUHOZHQWRQHZD\
DQG'HEUD\DQG%HDXFKDPSWKHRWKHU)UDQ]UHPDLQHGZLWK0
GH9LOOHIRUWDWWKHJDWHRIWKHFHPHWHU\0RUUHOPDGHDQ
H[FXVHWRZDLWKHVDZ)UDQ]DQG0GH9LOOHIRUWJHWLQWR
WKHVDPHPRXUQLQJFRDFKDQGWKRXJKWWKLVPHHWLQJIRUERGHG
HYLO+HWKHQUHWXUQHGWR3DULVDQGDOWKRXJKLQWKHVDPH
FDUULDJHZLWK&KDWHDX5HQDXGDQG$OEHUWKHGLGQRWKHDURQH
ZRUGRIWKHLUFRQYHUVDWLRQ$V)UDQ]ZDVDERXWWRWDNHOHDYH
RI0GH9LOOHIRUW:KHQVKDOO,VHH\RXDJDLQ"VDLGWKH
ODWWHU
$WZKDWWLPH\RXSOHDVHVLUUHSOLHG)UDQ]
$VVRRQDVSRVVLEOH
,DPDW\RXUFRPPDQGVLUVKDOOZHUHWXUQWRJHWKHU"

937

,IQRWXQSOHDVDQWWR\RX
2QWKHFRQWUDU\,VKDOOIHHOPXFKSOHDVXUH7KXVWKH
IXWXUHIDWKHUDQGVRQLQODZVWHSSHGLQWRWKHVDPHFDUULDJH
DQG0RUUHOVHHLQJWKHPSDVVEHFDPHXQHDV\9LOOHIRUWDQG
)UDQ]UHWXUQHGWRWKH)DXERXUJ6DLQW+RQRUH7KHSURFXUHXU
ZLWKRXWJRLQJWRVHHHLWKHUKLVZLIHRUKLVGDXJKWHUZHQW
DWRQFHWRKLVVWXG\DQGRIIHULQJWKH\RXQJPDQDFKDLU
0G
(SLQD\VDLGKHDOORZPHWRUHPLQG\RXDWWKLV
PRPHQWZKLFKLVSHUKDSVQRWVRLOOFKRVHQDVDWILUVW
VLJKWPD\DSSHDUIRUREHGLHQFHWRWKHZLVKHVRIWKH
GHSDUWHGLVWKHILUVWRIIHULQJZKLFKVKRXOGEHPDGHDWWKHLU
WRPEDOORZPHWKHQWRUHPLQG\RXRIWKHZLVKH[SUHVVHG
E\0DGDPHGH6DLQW0HUDQRQKHUGHDWKEHGWKDW9DOHQWLQH
V
ZHGGLQJPLJKWQRWEHGHIHUUHG<RXNQRZWKHDIIDLUVRIWKH
GHFHDVHGDUHLQSHUIHFWRUGHUDQGKHUZLOOEHTXHDWKVWR
9DOHQWLQHWKHHQWLUHSURSHUW\RIWKH6DLQW0HUDQIDPLO\WKH
QRWDU\VKRZHGPHWKHGRFXPHQWV\HVWHUGD\ZKLFKZLOOHQDEOH
XVWRGUDZXSWKHFRQWUDFWLPPHGLDWHO\<RXPD\FDOORQWKH
QRWDU\0'HVFKDPSV3ODFH%HDXYHDX)DXERXUJ6DLQW+RQRUH
DQG\RXKDYHP\DXWKRULW\WRLQVSHFWWKRVHGHHGV
6LUUHSOLHG0G
(SLQD\LWLVQRWSHUKDSVWKHPRPHQW
IRU0DGHPRLVHOOH9DOHQWLQHZKRLVLQGHHSGLVWUHVVWR
WKLQNRIDKXVEDQGLQGHHG,IHDU
9DOHQWLQHZLOOKDYHQRJUHDWHUSOHDVXUHWKDQWKDWRI
IXOILOOLQJKHUJUDQGPRWKHU
VODVWLQMXQFWLRQVWKHUHZLOOEH
QRREVWDFOHIURPWKDWTXDUWHU,DVVXUH\RX
,QWKDWFDVHUHSOLHG)UDQ]DV,VKDOOUDLVHQRQH\RX
PD\PDNHDUUDQJHPHQWVZKHQ\RXSOHDVH,KDYHSOHGJHGP\
ZRUGDQGVKDOOIHHOSOHDVXUHDQGKDSSLQHVVLQDGKHULQJWR
LW
7KHQVDLG9LOOHIRUWQRWKLQJIXUWKHULVUHTXLUHG7KH
FRQWUDFWZDVWRKDYHEHHQVLJQHGWKUHHGD\VVLQFHZHVKDOO
ILQGLWDOOUHDG\DQGFDQVLJQLWWRGD\
%XWWKHPRXUQLQJ"VDLG)UDQ]KHVLWDWLQJ
'RQ
WEHXQHDV\RQWKDWVFRUHUHSOLHG9LOOHIRUWQR
FHUHPRQ\ZLOOEHQHJOHFWHGLQP\KRXVH0DGHPRLVHOOHGH
9LOOHIRUWPD\UHWLUHGXULQJWKHSUHVFULEHGWKUHHPRQWKVWR

938

KHUHVWDWHRI6DLQW0HUDQ,VD\KHUVIRUVKHLQKHULWVLW
WRGD\7KHUHDIWHUDIHZGD\VLI\RXOLNHWKHFLYLO
PDUULDJHVKDOOEHFHOHEUDWHGZLWKRXWSRPSRUFHUHPRQ\
0DGDPHGH6DLQW0HUDQZLVKHGKHUGDXJKWHUVKRXOGEHPDUULHG
WKHUH:KHQWKDWLQRYHU\RXVLUFDQUHWXUQWR3DULV
ZKLOH\RXUZLIHSDVVHVWKHWLPHRIKHUPRXUQLQJZLWKKHU
PRWKHULQODZ
$V\RXSOHDVHVLUVDLG)UDQ]
7KHQUHSOLHG0GH9LOOHIRUWKDYHWKHNLQGQHVVWRZDLW
KDOIDQKRXU9DOHQWLQHVKDOOFRPHGRZQLQWRWKH
GUDZLQJURRP,ZLOOVHQGIRU0'HVFKDPSVZHZLOOUHDGDQG
VLJQWKHFRQWUDFWEHIRUHZHVHSDUDWHDQGWKLVHYHQLQJ
0DGDPHGH9LOOHIRUWVKDOODFFRPSDQ\9DOHQWLQHWRKHU
HVWDWHZKHUHZHZLOOUHMRLQWKHPLQDZHHN
6LUVDLG)UDQ],KDYHRQHUHTXHVWWRPDNH
:KDWLVLW"
,ZLVK$OEHUWGH0RUFHUIDQG5DRXOGH&KDWHDX5HQDXGWREH
SUHVHQWDWWKLVVLJQDWXUH\RXNQRZWKH\DUHP\ZLWQHVVHV
+DOIDQKRXUZLOOVXIILFHWRDSSULVHWKHPZLOO\RXJRIRU
WKHP\RXUVHOIRUVKDOO\RXVHQG"
,SUHIHUJRLQJVLU
,VKDOOH[SHFW\RXWKHQLQKDOIDQKRXUEDURQDQG
9DOHQWLQHZLOOEHUHDG\)UDQ]ERZHGDQGOHIWWKHURRP
6FDUFHO\KDGWKHGRRUFORVHGZKHQ0GH9LOOHIRUWVHQWWR
WHOO9DOHQWLQHWREHUHDG\LQWKHGUDZLQJURRPLQKDOIDQ
KRXUDVKHH[SHFWHGWKHQRWDU\DQG0G
(SLQD\DQGKLV
ZLWQHVVHV7KHQHZVFDXVHGDJUHDWVHQVDWLRQWKURXJKRXWWKH
KRXVH0DGDPHGH9LOOHIRUWZRXOGQRWEHOLHYHLWDQG
9DOHQWLQHZDVWKXQGHUVWUXFN6KHORRNHGDURXQGIRUKHOSDQG
ZRXOGKDYHJRQHGRZQWRKHUJUDQGIDWKHU
VURRPEXWRQWKH
VWDLUVVKHPHW0GH9LOOHIRUWZKRWRRNKHUDUPDQGOHGKHU
LQWRWKHGUDZLQJURRP,QWKHDQWHURRP9DOHQWLQHPHW
%DUURLVDQGORRNHGGHVSDLULQJO\DWWKHROGVHUYDQW$
PRPHQWODWHU0DGDPHGH9LOOHIRUWHQWHUHGWKHGUDZLQJURRP
ZLWKKHUOLWWOH(GZDUG,WZDVHYLGHQWWKDWVKHKDGVKDUHG
WKHJULHIRIWKHIDPLO\IRUVKHZDVSDOHDQGORRNHG

939

IDWLJXHG6KHVDWGRZQWRRN(GZDUGRQKHUNQHHVDQGIURP
WLPHWRWLPHSUHVVHGWKLVFKLOGRQZKRPKHUDIIHFWLRQV
DSSHDUHGFHQWUHGDOPRVWFRQYXOVLYHO\WRKHUERVRP7ZR
FDUULDJHVZHUHVRRQKHDUGWRHQWHUWKHFRXUW\DUG2QHZDV
WKHQRWDU\
VWKHRWKHUWKDWRI)UDQ]DQGKLVIULHQGV,QD
PRPHQWWKHZKROHSDUW\ZDVDVVHPEOHG9DOHQWLQHZDVVRSDOH
RQHPLJKWWUDFHWKHEOXHYHLQVIURPKHUWHPSOHVURXQGKHU
H\HVDQGGRZQKHUFKHHNV)UDQ]ZDVGHHSO\DIIHFWHG
&KDWHDX5HQDXGDQG$OEHUWORRNHGDWHDFKRWKHUZLWK
DPD]HPHQWWKHFHUHPRQ\ZKLFKZDVMXVWFRQFOXGHGKDGQRW
DSSHDUHGPRUHVRUURZIXOWKDQGLGWKDWZKLFKZDVDERXWWR
EHJLQ0DGDPHGH9LOOHIRUWKDGSODFHGKHUVHOILQWKHVKDGRZ
EHKLQGDYHOYHWFXUWDLQDQGDVVKHFRQVWDQWO\EHQWRYHUKHU
FKLOGLWZDVGLIILFXOWWRUHDGWKHH[SUHVVLRQRIKHUIDFH
0GH9LOOHIRUWZDVDVXVXDOXQPRYHG
7KHQRWDU\DIWHUKDYLQJDFFRUGLQJWRWKHFXVWRPDU\PHWKRG
DUUDQJHGWKHSDSHUVRQWKHWDEOHWDNHQKLVSODFHLQDQ
DUPFKDLUDQGUDLVHGKLVVSHFWDFOHVWXUQHGWRZDUGV)UDQ]
$UH\RX0)UDQ]GH4XHVQHOEDURQG
(SLQD\"DVNHGKH
DOWKRXJKKHNQHZLWSHUIHFWO\
<HVVLUUHSOLHG)UDQ]7KHQRWDU\ERZHG,KDYHWKHQ
WRLQIRUP\RXVLUDWWKHUHTXHVWRI0GH9LOOHIRUWWKDW
\RXUSURMHFWHGPDUULDJHZLWK0DGHPRLVHOOHGH9LOOHIRUWKDV
FKDQJHGWKHIHHOLQJRI01RLUWLHUWRZDUGVKLVJUDQGFKLOG
DQGWKDWKHGLVLQKHULWVKHUHQWLUHO\RIWKHIRUWXQHKHZRXOG
KDYHOHIWKHU/HWPHKDVWHQWRDGGFRQWLQXHGKHWKDW
WKHWHVWDWRUKDYLQJRQO\WKHULJKWWRDOLHQDWHDSDUWRI
KLVIRUWXQHDQGKDYLQJDOLHQDWHGLWDOOWKHZLOOZLOOQRW
EHDUVFUXWLQ\DQGLVGHFODUHGQXOODQGYRLG
<HVVDLG9LOOHIRUWEXW,ZDUQ0G
(SLQD\WKDWGXULQJ
P\OLIHWLPHP\IDWKHU
VZLOOVKDOOQHYHUEHTXHVWLRQHGP\
SRVLWLRQIRUELGGLQJDQ\GRXEWWREHHQWHUWDLQHG
6LUVDLG)UDQ],UHJUHWPXFKWKDWVXFKDTXHVWLRQKDV
EHHQUDLVHGLQWKHSUHVHQFHRI0DGHPRLVHOOH9DOHQWLQH,
KDYHQHYHULQTXLUHGWKHDPRXQWRIKHUIRUWXQHZKLFK
KRZHYHUOLPLWHGLWPD\EHH[FHHGVPLQH0\IDPLO\KDV
VRXJKWFRQVLGHUDWLRQLQWKLVDOOLDQFHZLWK0GH9LOOHIRUW
DOO,VHHNLVKDSSLQHVV9DOHQWLQHLPSHUFHSWLEO\WKDQNHG
KLPZKLOHWZRVLOHQWWHDUVUROOHGGRZQKHUFKHHNV

940

%HVLGHVVLUVDLG9LOOHIRUWDGGUHVVLQJKLPVHOIWRKLV
IXWXUHVRQLQODZH[FHSWLQJWKHORVVRIDSRUWLRQRI\RXU
KRSHVWKLVXQH[SHFWHGZLOOQHHGQRWSHUVRQDOO\ZRXQG\RX
01RLUWLHU
VZHDNQHVVRIPLQGVXIILFLHQWO\H[SODLQVLW,W
LVQRWEHFDXVH0DGHPRLVHOOH9DOHQWLQHLVJRLQJWRPDUU\\RX
WKDWKHLVDQJU\EXWEHFDXVHVKHZLOOPDUU\DXQLRQZLWK
DQ\RWKHUZRXOGKDYHFDXVHGKLPWKHVDPHVRUURZ2OGDJHLV
VHOILVKVLUDQG0DGHPRLVHOOHGH9LOOHIRUWKDVEHHQD
IDLWKIXOFRPSDQLRQWR01RLUWLHUZKLFKVKHFDQQRWEHZKHQ
VKHEHFRPHVWKH%DURQHVVG
(SLQD\0\IDWKHU
VPHODQFKRO\
VWDWHSUHYHQWVRXUVSHDNLQJWRKLPRQDQ\VXEMHFWVZKLFK
WKHZHDNQHVVRIKLVPLQGZRXOGLQFDSDFLWDWHKLPIURP
XQGHUVWDQGLQJDQG,DPSHUIHFWO\FRQYLQFHGWKDWDWWKH
SUHVHQWWLPHDOWKRXJKKHNQRZVWKDWKLVJUDQGGDXJKWHULV
JRLQJWREHPDUULHG01RLUWLHUKDVHYHQIRUJRWWHQWKHQDPH
RIKLVLQWHQGHGJUDQGVRQ0GH9LOOHIRUWKDGVFDUFHO\VDLG
WKLVZKHQWKHGRRURSHQHGDQG%DUURLVDSSHDUHG
*HQWOHPHQVDLGKHLQDWRQHVWUDQJHO\ILUPIRUDVHUYDQW
VSHDNLQJWRKLVPDVWHUVXQGHUVXFKVROHPQFLUFXPVWDQFHV
JHQWOHPHQ01RLUWLHUGH9LOOHIRUWZLVKHVWRVSHDN
LPPHGLDWHO\WR0)UDQ]GH4XHVQHOEDURQG
(SLQD\KHDV
ZHOODVWKHQRWDU\WKDWWKHUHPLJKWEHQRPLVWDNHLQWKH
SHUVRQJDYHDOOKLVWLWOHVWRWKHEULGHJURRPHOHFW
9LOOHIRUWVWDUWHG0DGDPHGH9LOOHIRUWOHWKHUVRQVOLSIURP
KHUNQHHV9DOHQWLQHURVHSDOHDQGGXPEDVDVWDWXH$OEHUW
DQG&KDWHDX5HQDXGH[FKDQJHGDVHFRQGORRNPRUHIXOORI
DPD]HPHQWWKDQWKHILUVW7KHQRWDU\ORRNHGDW9LOOHIRUW
,WLVLPSRVVLEOHVDLGWKHSURFXUHXU0G
(SLQD\FDQQRW
OHDYHWKHGUDZLQJURRPDWSUHVHQW
,WLVDWWKLVPRPHQWUHSOLHG%DUURLVZLWKWKHVDPH
ILUPQHVVWKDW01RLUWLHUP\PDVWHUZLVKHVWRVSHDNRQ
LPSRUWDQWVXEMHFWVWR0)UDQ]G
(SLQD\
*UDQGSDSD1RLUWLHUFDQVSHDNQRZWKHQVDLG(GZDUGZLWK
KLVKDELWXDOTXLFNQHVV+RZHYHUKLVUHPDUNGLGQRWPDNH
0DGDPHGH9LOOHIRUWHYHQVPLOHVRPXFKZDVHYHU\PLQG
HQJDJHGDQGVRVROHPQZDVWKHVLWXDWLRQ$VWRQLVKPHQWZDV
DWLWVKHLJKW6RPHWKLQJOLNHDVPLOHZDVSHUFHSWLEOHRQ
0DGDPHGH9LOOHIRUW
VFRXQWHQDQFH9DOHQWLQHLQVWLQFWLYHO\
UDLVHGKHUH\HVDVLIWRWKDQNKHDYHQ

941

3UD\JR9DOHQWLQHVDLG0GH9LOOHIRUWDQGVHHZKDW
WKLVQHZIDQF\RI\RXUJUDQGIDWKHU
VLV9DOHQWLQHURVH
TXLFNO\DQGZDVKDVWHQLQJMR\IXOO\WRZDUGVWKHGRRUZKHQ
0GH9LOOHIRUWDOWHUHGKLVLQWHQWLRQ
6WRSVDLGKH,ZLOOJRZLWK\RX
([FXVHPHVLUVDLG)UDQ]VLQFH01RLUWLHUVHQWIRU
PH,DPUHDG\WRDWWHQGWRKLVZLVKEHVLGHV,VKDOOEH
KDSS\WRSD\P\UHVSHFWVWRKLPQRWKDYLQJ\HWKDGWKH
KRQRURIGRLQJVR
3UD\VLUVDLG9LOOHIRUWZLWKPDUNHGXQHDVLQHVVGRQRW
GLVWXUE\RXUVHOI
)RUJLYHPHVLUVDLG)UDQ]LQDUHVROXWHWRQH,ZRXOG
QRWORVHWKLVRSSRUWXQLW\RISURYLQJWR01RLUWLHUKRZ
ZURQJLWZRXOGEHRIKLPWRHQFRXUDJHIHHOLQJVRIGLVOLNHWR
PHZKLFK,DPGHWHUPLQHGWRFRQTXHUZKDWHYHUWKH\PD\EH
E\P\GHYRWLRQ$QGZLWKRXWOLVWHQLQJWR9LOOHIRUWKH
DURVHDQGIROORZHG9DOHQWLQHZKRZDVUXQQLQJGRZQVWDLUV
ZLWKWKHMR\RIDVKLSZUHFNHGPDULQHUZKRILQGVDURFNWR
FOLQJWR0GH9LOOHIRUWIROORZHGWKHP&KDWHDX5HQDXGDQG
0RUFHUIH[FKDQJHGDWKLUGORRNRIVWLOOLQFUHDVLQJZRQGHU

&KDSWHU
$6LJQHG6WDWHPHQW
1RLUWLHUZDVSUHSDUHGWRUHFHLYHWKHPGUHVVHGLQEODFNDQG
LQVWDOOHGLQKLVDUPFKDLU:KHQWKHWKUHHSHUVRQVKH
H[SHFWHGKDGHQWHUHGKHORRNHGDWWKHGRRUZKLFKKLVYDOHW
LPPHGLDWHO\FORVHG
/LVWHQZKLVSHUHG9LOOHIRUWWR9DOHQWLQHZKRFRXOGQRW
FRQFHDOKHUMR\LI01RLUWLHUZLVKHVWRFRPPXQLFDWH
DQ\WKLQJZKLFKZRXOGGHOD\\RXUPDUULDJH,IRUELG\RXWR
XQGHUVWDQGKLP9DOHQWLQHEOXVKHGEXWGLGQRWDQVZHU
9LOOHIRUWDSSURDFKLQJ1RLUWLHU+HUHLV0)UDQ]
G
(SLQD\VDLGKH\RXUHTXHVWHGWRVHHKLP:HKDYHDOO
ZLVKHGIRUWKLVLQWHUYLHZDQG,WUXVWLWZLOOFRQYLQFH\RX
KRZLOOIRUPHGDUH\RXUREMHFWLRQVWR9DOHQWLQH
VPDUULDJH

942

1RLUWLHUDQVZHUHGRQO\E\DORRNZKLFKPDGH9LOOHIRUW
V
EORRGUXQFROG+HPRWLRQHGWR9DOHQWLQHWRDSSURDFK,QD
PRPHQWWKDQNVWRKHUKDELWRIFRQYHUVLQJZLWKKHU
JUDQGIDWKHUVKHXQGHUVWRRGWKDWKHDVNHGIRUDNH\7KHQ
KLVH\HZDVIL[HGRQWKHGUDZHURIDVPDOOFKHVWEHWZHHQWKH
ZLQGRZV6KHRSHQHGWKHGUDZHUDQGIRXQGDNH\DQG
XQGHUVWDQGLQJWKDWZDVZKDWKHZDQWHGDJDLQZDWFKHGKLV
H\HVZKLFKWXUQHGWRZDUGDQROGVHFUHWDU\ZKLFKKDGEHHQ
QHJOHFWHGIRUPDQ\\HDUVDQGZDVVXSSRVHGWRFRQWDLQQRWKLQJ
EXWXVHOHVVGRFXPHQWV6KDOO,RSHQWKHVHFUHWDU\"DVNHG
9DOHQWLQH
<HVVDLGWKHROGPDQ
$QGWKHGUDZHUV"
<HV
7KRVHDWWKHVLGH"
1R
7KHPLGGOHRQH"
<HV9DOHQWLQHRSHQHGLWDQGGUHZRXWDEXQGOHRISDSHUV
,VWKDWZKDW\RXZLVKIRU"DVNHGVKH
1R
6KHWRRNVXFFHVVLYHO\DOOWKHRWKHUSDSHUVRXWWLOOWKH
GUDZHUZDVHPSW\%XWWKHUHDUHQRPRUHVDLGVKH
1RLUWLHU
VH\HZDVIL[HGRQWKHGLFWLRQDU\<HV,
XQGHUVWDQGJUDQGIDWKHUVDLGWKH\RXQJJLUO
+HSRLQWHGWRHDFKOHWWHURIWKHDOSKDEHW$WWKHOHWWHU6
WKHROGPDQVWRSSHGKHU6KHRSHQHGDQGIRXQGWKHZRUG
VHFUHW
$KLVWKHUHDVHFUHWVSULQJ"VDLG9DOHQWLQH
<HVVDLG1RLUWLHU
$QGZKRNQRZVLW"1RLUWLHUORRNHGDWWKHGRRUZKHUHWKH
VHUYDQWKDGJRQHRXW%DUURLV"VDLGVKH

943

<HV
6KDOO,FDOOKLP"
<HV
9DOHQWLQHZHQWWRWKHGRRUDQGFDOOHG%DUURLV9LOOHIRUW
V
LPSDWLHQFHGXULQJWKLVVFHQHPDGHWKHSHUVSLUDWLRQUROOIURP
KLVIRUHKHDGDQG)UDQ]ZDVVWXSHILHG7KHROGVHUYDQWFDPH
%DUURLVVDLG9DOHQWLQHP\JUDQGIDWKHUKDVWROGPHWR
RSHQWKDWGUDZHULQWKHVHFUHWDU\EXWWKHUHLVDVHFUHW
VSULQJLQLWZKLFK\RXNQRZZLOO\RXRSHQLW"
%DUURLVORRNHGDWWKHROGPDQ2EH\VDLG1RLUWLHU
V
LQWHOOLJHQWH\H%DUURLVWRXFKHGDVSULQJWKHIDOVHERWWRP
FDPHRXWDQGWKH\VDZDEXQGOHRISDSHUVWLHGZLWKDEODFN
VWULQJ
,VWKDWZKDW\RXZLVKIRU"VDLG%DUURLV
<HV
6KDOO,JLYHWKHVHSDSHUVWR0GH9LOOHIRUW"
1R
7R0DGHPRLVHOOH9DOHQWLQH"
1R
7R0)UDQ]G
(SLQD\"
<HV
)UDQ]DVWRQLVKHGDGYDQFHGDVWHS7RPHVLU"VDLGKH
<HV)UDQ]WRRNWKHPIURP%DUURLVDQGFDVWLQJDJODQFHDW
WKHFRYHUUHDG
C7REHJLYHQDIWHUP\GHDWKWR*HQHUDO'XUDQGZKRVKDOO
EHTXHDWKWKHSDFNHWWRKLVVRQZLWKDQLQMXQFWLRQWR
SUHVHUYHLWDVFRQWDLQLQJDQLPSRUWDQWGRFXPHQW

944

:HOOVLUDVNHG)UDQ]ZKDWGR\RXZLVKPHWRGRZLWK
WKLVSDSHU"
7RSUHVHUYHLWVHDOHGXSDVLWLVGRXEWOHVVVDLGWKH
SURFXUHXU
1RUHSOLHG1RLUWLHUHDJHUO\
'R\RXZLVKKLPWRUHDGLW"VDLG9DOHQWLQH
<HVUHSOLHGWKHROGPDQ<RXXQGHUVWDQGEDURQP\
JUDQGIDWKHUZLVKHV\RXWRUHDGWKLVSDSHUVDLG9DOHQWLQH
7KHQOHWXVVLWGRZQVDLG9LOOHIRUWLPSDWLHQWO\IRULW
ZLOOWDNHVRPHWLPH
6LWGRZQVDLGWKHROGPDQ9LOOHIRUWWRRNDFKDLUEXW
9DOHQWLQHUHPDLQHGVWDQGLQJE\KHUIDWKHU
VVLGHDQG)UDQ]
EHIRUHKLPKROGLQJWKHP\VWHULRXVSDSHULQKLVKDQG
5HDGVDLGWKHROGPDQ)UDQ]XQWLHGLWDQGLQWKHPLGVW
RIWKHPRVWSURIRXQGVLOHQFHUHDG
C([WUDFWIURPWKH5HSRUWRIDPHHWLQJRIWKH%RQDSDUWLVW
&OXELQWKH5XH6DLQW-DFTXHVKHOG)HEUXDU\WK

)UDQ]VWRSSHG)HEUXDU\WKVDLGKHLWLVWKHGD\
P\IDWKHUZDVPXUGHUHG9DOHQWLQHDQG9LOOHIRUWZHUHGXPE
WKHH\HRIWKHROGPDQDORQHVHHPHGWRVD\FOHDUO\*RRQ
%XWLWZDVRQOHDYLQJWKLVFOXEVDLGKHP\IDWKHU
GLVDSSHDUHG1RLUWLHU
VH\HFRQWLQXHGWRVD\5HDG+H
UHVXPHG
C7KHXQGHUVLJQHG/RXLV-DFTXHV%HDXUHSDLUH
OLHXWHQDQWFRORQHORIDUWLOOHU\(WLHQQH'XFKDPS\JHQHUDO
RIEULJDGHDQG&ODXGH/HFKDUSDONHHSHURIZRRGVDQG
IRUHVWV'HFODUHWKDWRQWKHWKRI)HEUXDU\DOHWWHU
DUULYHGIURPWKH,VODQGRI(OEDUHFRPPHQGLQJWRWKH
NLQGQHVVDQGWKHFRQILGHQFHRIWKH%RQDSDUWLVW&OXE*HQHUDO
)ODYLHQGH4XHVQHOZKRKDYLQJVHUYHGWKHHPSHURUIURP
WRZDVVXSSRVHGWREHGHYRWHGWRWKHLQWHUHVWVRIWKH
1DSROHRQG\QDVW\QRWZLWKVWDQGLQJWKHWLWOHRIEDURQZKLFK
/RXLV;9,,,KDGMXVWJUDQWHGWRKLPZLWKKLVHVWDWHRI
(SLQD\

945

C$QRWHZDVLQFRQVHTXHQFHDGGUHVVHGWR*HQHUDOGH4XHVQHO
EHJJLQJKLPWREHSUHVHQWDWWKHPHHWLQJQH[WGD\WKHWK
7KHQRWHLQGLFDWHGQHLWKHUWKHVWUHHWQRUWKHQXPEHURIWKH
KRXVHZKHUHWKHPHHWLQJZDVWREHKHOGLWERUHQR
VLJQDWXUHEXWLWDQQRXQFHGWRWKHJHQHUDOWKDWVRPHRQH
ZRXOGFDOOIRUKLPLIKHZRXOGEHUHDG\DWQLQHR
FORFN7KH
PHHWLQJVZHUHDOZD\VKHOGIURPWKDWWLPHWLOOPLGQLJKW$W
QLQHR
FORFNWKHSUHVLGHQWRIWKHFOXESUHVHQWHGKLPVHOI
WKHJHQHUDOZDVUHDG\WKHSUHVLGHQWLQIRUPHGKLPWKDWRQH
RIWKHFRQGLWLRQVRIKLVLQWURGXFWLRQZDVWKDWKHVKRXOGEH
HWHUQDOO\LJQRUDQWRIWKHSODFHRIPHHWLQJDQGWKDWKH
ZRXOGDOORZKLVH\HVWREHEDQGDJHGVZHDULQJWKDWKHZRXOG
QRWHQGHDYRUWRWDNHRIIWKHEDQGDJH*HQHUDOGH4XHVQHO
DFFHSWHGWKHFRQGLWLRQDQGSURPLVHGRQKLVKRQRUQRWWR
VHHNWRGLVFRYHUWKHURDGWKH\WRRN7KHJHQHUDO
VFDUULDJH
ZDVUHDG\EXWWKHSUHVLGHQWWROGKLPLWZDVLPSRVVLEOHIRU
KLPWRXVHLWVLQFHLWZDVXVHOHVVWREOLQGIROGWKHPDVWHU
LIWKHFRDFKPDQNQHZWKURXJKZKDWVWUHHWVKHZHQW:KDW
PXVWEHGRQHWKHQ"DVNHGWKHJHQHUDO,KDYHP\
FDUULDJHKHUHVDLGWKHSUHVLGHQW
C+DYH\RXWKHQVRPXFKFRQILGHQFHLQ\RXUVHUYDQWWKDW
\RXFDQLQWUXVWKLPZLWKDVHFUHW\RXZLOOQRWDOORZPHWR
NQRZ"
C2XUFRDFKPDQLVDPHPEHURIWKHFOXEVDLGWKH
SUHVLGHQWZHVKDOOEHGULYHQE\D6WDWH&RXQFLOORU
C7KHQZHUXQDQRWKHUULVNVDLGWKHJHQHUDOODXJKLQJ
WKDWRIEHLQJXSVHW:HLQVHUWWKLVMRNHWRSURYHWKDWWKH
JHQHUDOZDVQRWLQWKHOHDVWFRPSHOOHGWRDWWHQGWKH
PHHWLQJEXWWKDWKHFDPHZLOOLQJO\:KHQWKH\ZHUHVHDWHG
LQWKHFDUULDJHWKHSUHVLGHQWUHPLQGHGWKHJHQHUDORIKLV
SURPLVHWRDOORZKLVH\HVWREHEDQGDJHGWRZKLFKKHPDGH
QRRSSRVLWLRQ2QWKHURDGWKHSUHVLGHQWWKRXJKWKHVDZWKH
JHQHUDOPDNHDQDWWHPSWWRUHPRYHWKHKDQGNHUFKLHIDQG
UHPLQGHGKLPRIKLVRDWK6XUHHQRXJKVDLGWKHJHQHUDO
7KHFDUULDJHVWRSSHGDWDQDOOH\OHDGLQJRXWRIWKH5XH
6DLQW-DFTXHV7KHJHQHUDODOLJKWHGOHDQLQJRQWKHDUPRI
WKHSUHVLGHQWRIZKRVHGLJQLW\KHZDVQRWDZDUH
FRQVLGHULQJKLPVLPSO\DVDPHPEHURIWKHFOXEWKH\ZHQW
WKURXJKWKHDOOH\PRXQWHGDIOLJKWRIVWDLUVDQGHQWHUHG
WKHDVVHPEO\URRP

946

C7KHGHOLEHUDWLRQVKDGDOUHDG\EHJXQ7KHPHPEHUV
DSSULVHGRIWKHVRUWRISUHVHQWDWLRQZKLFKZDVWREHPDGH
WKDWHYHQLQJZHUHDOOLQDWWHQGDQFH:KHQLQWKHPLGGOHRI
WKHURRPWKHJHQHUDOZDVLQYLWHGWRUHPRYHKLVEDQGDJHKH
GLGVRLPPHGLDWHO\DQGZDVVXUSULVHGWRVHHVRPDQ\
ZHOONQRZQIDFHVLQDVRFLHW\RIZKRVHH[LVWHQFHKHKDGWLOO
WKHQEHHQLJQRUDQW7KH\TXHVWLRQHGKLPDVWRKLV
VHQWLPHQWVEXWKHFRQWHQWHGKLPVHOIZLWKDQVZHULQJWKDW
WKHOHWWHUVIURPWKH,VODQGRI(OEDRXJKWWRKDYHLQIRUPHG
WKHP

)UDQ]LQWHUUXSWHGKLPVHOIE\VD\LQJ0\IDWKHUZDVD
UR\DOLVWWKH\QHHGQRWKDYHDVNHGKLVVHQWLPHQWVZKLFK
ZHUHZHOONQRZQ
$QGKHQFHVDLG9LOOHIRUWDURVHP\DIIHFWLRQIRU\RXU
IDWKHUP\GHDU0)UDQ]2SLQLRQVKHOGLQFRPPRQDUHD
UHDG\ERQGRIXQLRQ
5HDGDJDLQVDLGWKHROGPDQ)UDQ]FRQWLQXHG
C7KHSUHVLGHQWWKHQVRXJKWWRPDNHKLPVSHDNPRUH
H[SOLFLWO\EXW0GH4XHVQHOUHSOLHGWKDWKHZLVKHGILUVW
WRNQRZZKDWWKH\ZDQWHGZLWKKLP+HZDVWKHQLQIRUPHGRI
WKHFRQWHQWVRIWKHOHWWHUIURPWKH,VODQGRI(OEDLQZKLFK
KHZDVUHFRPPHQGHGWRWKHFOXEDVDPDQZKRZRXOGEHOLNHO\
WRDGYDQFHWKHLQWHUHVWVRIWKHLUSDUW\2QHSDUDJUDSKVSRNH
RIWKHUHWXUQRI%RQDSDUWHDQGSURPLVHGDQRWKHUOHWWHUDQG
IXUWKHUGHWDLOVRQWKHDUULYDORIWKH3KDUDRQEHORQJLQJWR
WKHVKLSEXLOGHU0RUUHORI0DUVHLOOHVZKRVHFDSWDLQZDV
HQWLUHO\GHYRWHGWRWKHHPSHURU'XULQJDOOWKLVWLPHWKH
JHQHUDORQZKRPWKH\WKRXJKWWRKDYHUHOLHGDVRQD
EURWKHUPDQLIHVWHGHYLGHQWO\VLJQVRIGLVFRQWHQWDQG
UHSXJQDQFH:KHQWKHUHDGLQJZDVILQLVKHGKHUHPDLQHG
VLOHQWZLWKNQLWWHGEURZV
C:HOODVNHGWKHSUHVLGHQWZKDWGR\RXVD\WRWKLV
OHWWHUJHQHUDO"
C,VD\WKDWLWLVWRRVRRQDIWHUGHFODULQJP\VHOIIRU
/RXLV;9,,,WREUHDNP\YRZLQEHKDOIRIWKHH[HPSHURU
7KLVDQVZHUZDVWRRFOHDUWRSHUPLWRIDQ\PLVWDNHDVWRKLV
VHQWLPHQWV*HQHUDOVDLGWKHSUHVLGHQWZHDFNQRZOHGJH

947

QR.LQJ/RXLV;9,,,RUDQH[HPSHURUEXWKLVPDMHVW\WKH
HPSHURUDQGNLQJGULYHQIURP)UDQFHZKLFKLVKLVNLQJGRP
E\YLROHQFHDQGWUHDVRQ
C([FXVHPHJHQWOHPHQVDLGWKHJHQHUDO\RXPD\QRW
DFNQRZOHGJH/RXLV;9,,,EXW,GRDVKHKDVPDGHPHD
EDURQDQGDILHOGPDUVKDODQG,VKDOOQHYHUIRUJHWWKDWIRU
WKHVHWZRWLWOHV,DPLQGHEWHGWRKLVKDSS\UHWXUQWR
)UDQFH
C6LUVDLGWKHSUHVLGHQWULVLQJZLWKJUDYLW\EH
FDUHIXOZKDW\RXVD\\RXUZRUGVFOHDUO\VKRZXVWKDWWKH\
DUHGHFHLYHGFRQFHUQLQJ\RXLQWKH,VODQGRI(OEDDQGKDYH
GHFHLYHGXV7KHFRPPXQLFDWLRQKDVEHHQPDGHWR\RXLQ
FRQVHTXHQFHRIWKHFRQILGHQFHSODFHGLQ\RXDQGZKLFKGRHV
\RXKRQRU1RZZHGLVFRYHURXUHUURUDWLWOHDQGSURPRWLRQ
DWWDFK\RXWRWKHJRYHUQPHQWZHZLVKWRRYHUWXUQ:HZLOO
QRWFRQVWUDLQ\RXWRKHOSXVZHHQUROOQRRQHDJDLQVWKLV
FRQVFLHQFHEXWZHZLOOFRPSHO\RXWRDFWJHQHURXVO\HYHQ
LI\RXDUHQRWGLVSRVHGWRGRVR
C<RXZRXOGFDOODFWLQJJHQHURXVO\NQRZLQJ\RXUFRQVSLUDF\
DQGQRWLQIRUPLQJDJDLQVW\RXWKDWLVZKDW,VKRXOGFDOO
EHFRPLQJ\RXUDFFRPSOLFH<RXVHH,DPPRUHFDQGLGWKDQ
\RX

$KP\IDWKHUVDLG)UDQ]LQWHUUXSWLQJKLPVHOI,
XQGHUVWDQGQRZZK\WKH\PXUGHUHGKLP9DOHQWLQHFRXOGQRW
KHOSFDVWLQJRQHJODQFHWRZDUGVWKH\RXQJPDQZKRVHILOLDO
HQWKXVLDVPLWZDVGHOLJKWIXOWREHKROG9LOOHIRUWZDONHGWR
DQGIUREHKLQGWKHP1RLUWLHUZDWFKHGWKHH[SUHVVLRQRIHDFK
RQHDQGSUHVHUYHGKLVGLJQLILHGDQGFRPPDQGLQJDWWLWXGH
)UDQ]UHWXUQHGWRWKHPDQXVFULSWDQGFRQWLQXHG
C6LUVDLGWKHSUHVLGHQW\RXKDYHEHHQLQYLWHGWRMRLQ
WKLVDVVHPEO\\RXZHUHQRWIRUFHGKHUHLWZDVSURSRVHG
WR\RXWRFRPHEOLQGIROGHG\RXDFFHSWHG:KHQ\RX
FRPSOLHGZLWKWKLVWZRIROGUHTXHVW\RXZHOONQHZZHGLGQRW
ZLVKWRVHFXUHWKHWKURQHRI/RXLV;9,,,RUZHVKRXOGQRW
WDNHVRPXFKFDUHWRDYRLGWKHYLJLODQFHRIWKHSROLFH,W
ZRXOGEHFRQFHGLQJWRRPXFKWRDOORZ\RXWRSXWRQDPDVNWR
DLG\RXLQWKHGLVFRYHU\RIRXUVHFUHWDQGWKHQWRUHPRYH
LWWKDW\RXPD\UXLQWKRVHZKRKDYHFRQILGHGLQ\RX1RQR
\RXPXVWILUVWVD\LI\RXGHFODUH\RXUVHOIIRUWKHNLQJRID

948

GD\ZKRQRZUHLJQVRUIRUKLVPDMHVW\WKHHPSHURU
C,DPDUR\DOLVWUHSOLHGWKHJHQHUDO,KDYHWDNHQWKH
RDWKRIDOOHJLDQFHWR/RXLV;9,,,DQG,ZLOODGKHUHWR
LW7KHVHZRUGVZHUHIROORZHGE\DJHQHUDOPXUPXUDQGLW
ZDVHYLGHQWWKDWVHYHUDORIWKHPHPEHUVZHUHGLVFXVVLQJWKH
SURSULHW\RIPDNLQJWKHJHQHUDOUHSHQWRIKLVUDVKQHVV
C7KHSUHVLGHQWDJDLQDURVHDQGKDYLQJLPSRVHGVLOHQFH
VDLG6LU\RXDUHWRRVHULRXVDQGWRRVHQVLEOHDPDQ
QRWWRXQGHUVWDQGWKHFRQVHTXHQFHVRIRXUSUHVHQWVLWXDWLRQ
DQG\RXUFDQGRUKDVDOUHDG\GLFWDWHGWRXVWKHFRQGLWLRQV
ZKLFKUHPDLQIRUXVWRRIIHU\RX7KHJHQHUDOSXWWLQJKLV
KDQGRQKLVVZRUGH[FODLPHG,I\RXWDONRIKRQRUGR
QRWEHJLQE\GLVDYRZLQJLWVODZVDQGLPSRVHQRWKLQJE\
YLROHQFH
C$QG\RXVLUFRQWLQXHGWKHSUHVLGHQWZLWKDFDOPQHVV
VWLOOPRUHWHUULEOHWKDQWKHJHQHUDO
VDQJHU,DGYLVH\RX
QRWWRWRXFK\RXUVZRUG7KHJHQHUDOORRNHGDURXQGKLPZLWK
VOLJKWXQHDVLQHVVKRZHYHUKHGLGQRW\LHOGEXWFDOOLQJXS
DOOKLVIRUWLWXGHVDLG,ZLOOQRWVZHDU
C7KHQ\RXPXVWGLHUHSOLHGWKHSUHVLGHQWFDOPO\0
G
(SLQD\EHFDPHYHU\SDOHKHORRNHGURXQGKLPDVHFRQG
WLPHVHYHUDOPHPEHUVRIWKHFOXEZHUHZKLVSHULQJDQG
JHWWLQJWKHLUDUPVIURPXQGHUWKHLUFORDNV*HQHUDOVDLG
WKHSUHVLGHQWGRQRWDODUP\RXUVHOI\RXDUHDPRQJPHQRI
KRQRUZKRZLOOXVHHYHU\PHDQVWRFRQYLQFH\RXEHIRUH
UHVRUWLQJWRWKHODVWH[WUHPLW\EXWDV\RXKDYHVDLG\RX
DUHDPRQJFRQVSLUDWRUV\RXDUHLQSRVVHVVLRQRIRXUVHFUHW
DQG\RXPXVWUHVWRUHLWWRXV$VLJQLILFDQWVLOHQFH
IROORZHGWKHVHZRUGVDQGDVWKHJHQHUDOGLGQRWUHSO\
&ORVHWKHGRRUVVDLGWKHSUHVLGHQWWRWKHGRRUNHHSHU
C7KHVDPHGHDGO\VLOHQFHVXFFHHGHGWKHVHZRUGV7KHQWKH
JHQHUDODGYDQFHGDQGPDNLQJDYLROHQWHIIRUWWRFRQWUROKLV
IHHOLQJV,KDYHDVRQVDLGKHDQG,RXJKWWRWKLQN
RIKLPILQGLQJP\VHOIDPRQJDVVDVVLQV
C*HQHUDOVDLGWKHFKLHIRIWKHDVVHPEO\RQHPDQPD\
LQVXOWILIW\LWLVWKHSULYLOHJHRIZHDNQHVV%XWKHGRHV
ZURQJWRXVHKLVSULYLOHJH)ROORZP\DGYLFHVZHDUDQGGR
QRWLQVXOW7KHJHQHUDODJDLQGDXQWHGE\WKHVXSHULRULW\

949

RIWKHFKLHIKHVLWDWHGDPRPHQWWKHQDGYDQFLQJWRWKH
SUHVLGHQW
VGHVN:KDWLVWKHIRUPVDLGKH
C,WLVWKLVC,VZHDUE\P\KRQRUQRWWRUHYHDOWRDQ\
RQHZKDW,KDYHVHHQDQGKHDUGRQWKHWKRI)HEUXDU\
EHWZHHQQLQHDQGWHQR
FORFNLQWKHHYHQLQJDQG,SOHDG
JXLOW\RIGHDWKVKRXOG,HYHUYLRODWHWKLVRDWK
7KH
JHQHUDODSSHDUHGWREHDIIHFWHGE\DQHUYRXVWUHPRUZKLFK
SUHYHQWHGKLVDQVZHULQJIRUVRPHPRPHQWVWKHQRYHUFRPLQJ
KLVPDQLIHVWUHSXJQDQFHKHSURQRXQFHGWKHUHTXLUHGRDWK
EXWLQVRORZDWRQHDVWREHVFDUFHO\DXGLEOHWRWKH
PDMRULW\RIWKHPHPEHUVZKRLQVLVWHGRQKLVUHSHDWLQJLW
FOHDUO\DQGGLVWLQFWO\ZKLFKKHGLG
C1RZDP,DWOLEHUW\WRUHWLUH"VDLGWKHJHQHUDO7KH
SUHVLGHQWURVHDSSRLQWHGWKUHHPHPEHUVWRDFFRPSDQ\KLP
DQGJRWLQWRWKHFDUULDJHZLWKWKHJHQHUDODIWHUEDQGDJLQJ
KLVH\HV2QHRIWKRVHWKUHHPHPEHUVZDVWKHFRDFKPDQZKR
KDGGULYHQWKHPWKHUH7KHRWKHUPHPEHUVVLOHQWO\GLVSHUVHG
:KHUHGR\RXZLVKWREHWDNHQ"DVNHGWKHSUHVLGHQW
$Q\ZKHUHRXWRI\RXUSUHVHQFHUHSOLHG0G
(SLQD\
%HZDUHVLUUHSOLHGWKHSUHVLGHQW\RXDUHQRORQJHULQ
WKHDVVHPEO\DQGKDYHRQO\WRGRZLWKLQGLYLGXDOVGRQRW
LQVXOWWKHPXQOHVV\RXZLVKWREHKHOGUHVSRQVLEOH%XW
LQVWHDGRIOLVWHQLQJ0G
(SLQD\ZHQWRQ<RXDUHVWLOO
DVEUDYHLQ\RXUFDUULDJHDVLQ\RXUDVVHPEO\EHFDXVH\RX
DUHVWLOOIRXUDJDLQVWRQH7KHSUHVLGHQWVWRSSHGWKH
FRDFK7KH\ZHUHDWWKDWSDUWRIWKH4XDLGHV2UPHVZKHUH
WKHVWHSVOHDGGRZQWRWKHULYHU:K\GR\RXVWRSKHUH"
DVNHGG
(SLQD\
C%HFDXVHVLUVDLGWKHSUHVLGHQW\RXKDYHLQVXOWHGD
PDQDQGWKDWPDQZLOOQRWJRRQHVWHSIDUWKHUZLWKRXW
GHPDQGLQJKRQRUDEOHUHSDUDWLRQ
C$QRWKHUPHWKRGRIDVVDVVLQDWLRQ"VDLGWKHJHQHUDO
VKUXJJLQJKLVVKRXOGHUV
C0DNHQRQRLVHVLUXQOHVV\RXZLVKPHWRFRQVLGHU\RXDV
RQHRIWKHPHQRIZKRP\RXVSRNHMXVWQRZDVFRZDUGVZKR
WDNHWKHLUZHDNQHVVIRUDVKLHOG<RXDUHDORQHRQHDORQH
VKDOODQVZHU\RX\RXKDYHDVZRUGE\\RXUVLGH,KDYHRQH
LQP\FDQH\RXKDYHQRZLWQHVVRQHRIWKHVHJHQWOHPHQZLOO
VHUYH\RX1RZLI\RXSOHDVHUHPRYH\RXUEDQGDJH7KH

950

JHQHUDOWRUHWKHKDQGNHUFKLHIIURPKLVH\HV$WODVWVDLG
KH,VKDOONQRZZLWKZKRP,KDYHWRGR7KH\RSHQHGWKH
GRRUDQGWKHIRXUPHQDOLJKWHG

)UDQ]DJDLQLQWHUUXSWHGKLPVHOIDQGZLSHGWKHFROGGURSV
IURPKLVEURZWKHUHZDVVRPHWKLQJDZIXOLQKHDULQJWKHVRQ
UHDGDORXGLQWUHPEOLQJSDOORUWKHVHGHWDLOVRIKLVIDWKHU
V
GHDWKZKLFKKDGKLWKHUWREHHQDP\VWHU\9DOHQWLQHFODVSHG
KHUKDQGVDVLILQSUD\HU1RLUWLHUORRNHGDW9LOOHIRUWZLWK
DQDOPRVWVXEOLPHH[SUHVVLRQRIFRQWHPSWDQGSULGH)UDQ]
FRQWLQXHG
C,WZDVDVZHVDLGWKHILIWKRI)HEUXDU\)RUWKUHHGD\V
WKHPHUFXU\KDGEHHQILYHRUVL[GHJUHHVEHORZIUHH]LQJDQG
WKHVWHSVZHUHFRYHUHGZLWKLFH7KHJHQHUDOZDVVWRXWDQG
WDOOWKHSUHVLGHQWRIIHUHGKLPWKHVLGHRIWKHUDLOLQJWR
DVVLVWKLPLQJHWWLQJGRZQ7KHWZRZLWQHVVHVIROORZHG,W
ZDVDGDUNQLJKW7KHJURXQGIURPWKHVWHSVWRWKHULYHUZDV
FRYHUHGZLWKVQRZDQGKRDUIURVWWKHZDWHURIWKHULYHU
ORRNHGEODFNDQGGHHS2QHRIWKHVHFRQGVZHQWIRUDODQWHUQ
LQDFRDOEDUJHQHDUDQGE\LWVOLJKWWKH\H[DPLQHGWKH
ZHDSRQV7KHSUHVLGHQW
VVZRUGZKLFKZDVVLPSO\DVKHKDG
VDLGRQHKHFDUULHGLQKLVFDQHZDVILYHLQFKHVVKRUWHU
WKDQWKHJHQHUDO
VDQGKDGQRJXDUG7KHJHQHUDOSURSRVHG
WRFDVWORWVIRUWKHVZRUGVEXWWKHSUHVLGHQWVDLGLWZDV
KHZKRKDGJLYHQWKHSURYRFDWLRQDQGZKHQKHKDGJLYHQLW
KHKDGVXSSRVHGHDFKZRXOGXVHKLVRZQDUPV7KHZLWQHVVHV
HQGHDYRUHGWRLQVLVWEXWWKHSUHVLGHQWEDGHWKHPEHVLOHQW
7KHODQWHUQZDVSODFHGRQWKHJURXQGWKHWZRDGYHUVDULHV
WRRNWKHLUVWDWLRQVDQGWKHGXHOEHJDQ7KHOLJKWPDGHWKH
WZRVZRUGVDSSHDUOLNHIODVKHVRIOLJKWQLQJDVIRUWKHPHQ
WKH\ZHUHVFDUFHO\SHUFHSWLEOHWKHGDUNQHVVZDVVRJUHDW
C*HQHUDOG
(SLQD\SDVVHGIRURQHRIWKHEHVWVZRUGVPHQLQ
WKHDUP\EXWKHZDVSUHVVHGVRFORVHO\LQWKHRQVHWWKDWKH
PLVVHGKLVDLPDQGIHOO7KHZLWQHVVHVWKRXJKWKHZDVGHDG
EXWKLVDGYHUVDU\ZKRNQHZKHKDGQRWVWUXFNKLPRIIHUHG
KLPWKHDVVLVWDQFHRIKLVKDQGWRULVH7KHFLUFXPVWDQFH
LUULWDWHGLQVWHDGRIFDOPLQJWKHJHQHUDODQGKHUXVKHGRQ
KLVDGYHUVDU\%XWKLVRSSRQHQWGLGQRWDOORZKLVJXDUGWR
EHEURNHQ+HUHFHLYHGKLPRQKLVVZRUGDQGWKUHHWLPHVWKH
JHQHUDOGUHZEDFNRQILQGLQJKLPVHOIWRRFORVHO\HQJDJHG
DQGWKHQUHWXUQHGWRWKHFKDUJH$WWKHWKLUGKHIHOODJDLQ
7KH\WKRXJKWKHVOLSSHGDVDWILUVWDQGWKHZLWQHVVHV

951

VHHLQJKHGLGQRWPRYHDSSURDFKHGDQGHQGHDYRUHGWRUDLVH
KLPEXWWKHRQHZKRSDVVHGKLVDUPDURXQGWKHERG\IRXQGLW
ZDVPRLVWHQHGZLWKEORRG7KHJHQHUDOZKRKDGDOPRVW
IDLQWHGUHYLYHG$KVDLGKHWKH\KDYHVHQWVRPH
IHQFLQJPDVWHUWRILJKWZLWKPH7KHSUHVLGHQWZLWKRXW
DQVZHULQJDSSURDFKHGWKHZLWQHVVZKRKHOGWKHODQWHUQDQG
UDLVLQJKLVVOHHYHVKRZHGKLPWZRZRXQGVKHKDGUHFHLYHGLQ
KLVDUPWKHQRSHQLQJKLVFRDWDQGXQEXWWRQLQJKLV
ZDLVWFRDWGLVSOD\HGKLVVLGHSLHUFHGZLWKDWKLUGZRXQG
6WLOOKHKDGQRWHYHQXWWHUHGDVLJK*HQHUDOG
(SLQD\GLHG
ILYHPLQXWHVDIWHU

)UDQ]UHDGWKHVHODVWZRUGVLQDYRLFHVRFKRNHGWKDWWKH\
ZHUHKDUGO\DXGLEOHDQGWKHQVWRSSHGSDVVLQJKLVKDQGRYHU
KLVH\HVDVLIWRGLVSHODFORXGEXWDIWHUDPRPHQW
V
VLOHQFHKHFRQWLQXHG
C7KHSUHVLGHQWZHQWXSWKHVWHSVDIWHUSXVKLQJKLVVZRUG
LQWRKLVFDQHDWUDFNRIEORRGRQWKHVQRZPDUNHGKLV
FRXUVH+HKDGVFDUFHO\DUULYHGDWWKHWRSZKHQKHKHDUGD
KHDY\VSODVKLQWKHZDWHULWZDVWKHJHQHUDO
VERG\
ZKLFKWKHZLWQHVVHVKDGMXVWWKURZQLQWRWKHULYHUDIWHU
DVFHUWDLQLQJWKDWKHZDVGHDG7KHJHQHUDOIHOOWKHQLQD
OR\DOGXHODQGQRWLQDPEXVKDVLWPLJKWKDYHEHHQ
UHSRUWHG,QSURRIRIWKLVZHKDYHVLJQHGWKLVSDSHUWR
HVWDEOLVKWKHWUXWKRIWKHIDFWVOHVWWKHPRPHQWVKRXOG
DUULYHZKHQHLWKHURIWKHDFWRUVLQWKLVWHUULEOHVFHQH
VKRXOGEHDFFXVHGRISUHPHGLWDWHGPXUGHURURILQIULQJHPHQW
RIWKHODZVRIKRQRU
C6LJQHG%HDXUHSDLUH'HVFKDPSVDQG/HFKDUSDO

:KHQ)UDQ]KDGILQLVKHGUHDGLQJWKLVDFFRXQWVRGUHDGIXO
IRUDVRQZKHQ9DOHQWLQHSDOHZLWKHPRWLRQKDGZLSHGDZD\
DWHDUZKHQ9LOOHIRUWWUHPEOLQJDQGFURXFKHGLQDFRUQHU
KDGHQGHDYRUHGWROHVVHQWKHVWRUPE\VXSSOLFDWLQJJODQFHV
DWWKHLPSODFDEOHROGPDQ6LUVDLGG
(SLQD\WR
1RLUWLHUVLQFH\RXDUHZHOODFTXDLQWHGZLWKDOOWKHVH
GHWDLOVZKLFKDUHDWWHVWHGE\KRQRUDEOHVLJQDWXUHV
VLQFH\RXDSSHDUWRWDNHVRPHLQWHUHVWLQPHDOWKRXJK\RX
KDYHRQO\PDQLIHVWHGLWKLWKHUWRE\FDXVLQJPHVRUURZ
UHIXVHPHQRWRQHILQDOVDWLVIDFWLRQWHOOPHWKHQDPHRI
WKHSUHVLGHQWRIWKHFOXEWKDW,PD\DWOHDVWNQRZZKR
NLOOHGP\IDWKHU9LOOHIRUWPHFKDQLFDOO\IHOWIRUWKH

952

KDQGOHRIWKHGRRU9DOHQWLQHZKRXQGHUVWRRGVRRQHUWKDQ
DQ\RQHKHUJUDQGIDWKHU
VDQVZHUDQGZKRKDGRIWHQVHHQWZR
VFDUVXSRQKLVULJKWDUPGUHZEDFNDIHZVWHSV
0DGHPRLVHOOHVDLG)UDQ]WXUQLQJWRZDUGV9DOHQWLQH
XQLWH\RXUHIIRUWVZLWKPLQHWRILQGRXWWKHQDPHRIWKH
PDQZKRPDGHPHDQRUSKDQDWWZR\HDUVRIDJH9DOHQWLQH
UHPDLQHGGXPEDQGPRWLRQOHVV
+ROGVLUVDLG9LOOHIRUWGRQRWSURORQJWKLVGUHDGIXO
VFHQH7KHQDPHVKDYHEHHQSXUSRVHO\FRQFHDOHGP\IDWKHU
KLPVHOIGRHVQRWNQRZZKRWKLVSUHVLGHQWZDVDQGLIKH
NQRZVKHFDQQRWWHOO\RXSURSHUQDPHVDUHQRWLQWKH
GLFWLRQDU\
2KPLVHU\FULHG)UDQ]WKHRQO\KRSHZKLFKVXVWDLQHGPH
DQGHQDEOHGPHWRUHDGWRWKHHQGZDVWKDWRINQRZLQJDW
OHDVWWKHQDPHRIKLPZKRNLOOHGP\IDWKHU6LUVLU
FULHGKHWXUQLQJWR1RLUWLHUGRZKDW\RXFDQPDNHPH
XQGHUVWDQGLQVRPHZD\
<HVUHSOLHG1RLUWLHU
2KPDGHPRLVHOOHPDGHPRLVHOOHFULHG)UDQ]\RXU
JUDQGIDWKHUVD\VKHFDQLQGLFDWHWKHSHUVRQ+HOSPH
OHQGPH\RXUDVVLVWDQFH1RLUWLHUORRNHGDWWKHGLFWLRQDU\
)UDQ]WRRNLWZLWKDQHUYRXVWUHPEOLQJDQGUHSHDWHGWKH
OHWWHUVRIWKHDOSKDEHWVXFFHVVLYHO\XQWLOKHFDPHWR0$W
WKDWOHWWHUWKHROGPDQVLJQLILHG<HV
0UHSHDWHG)UDQ]7KH\RXQJPDQ
VILQJHUJOLGHGRYHUWKH
ZRUGVEXWDWHDFKRQH1RLUWLHUDQVZHUHGE\DQHJDWLYHVLJQ
9DOHQWLQHKLGKHUKHDGEHWZHHQKHUKDQGV$WOHQJWK)UDQ]
DUULYHGDWWKHZRUG0<6(/)
<HV
<RX"FULHG)UDQ]ZKRVHKDLUVWRRGRQHQG\RX0
1RLUWLHU\RXNLOOHGP\IDWKHU"
<HVUHSOLHG1RLUWLHUIL[LQJDPDMHVWLFORRNRQWKH\RXQJ
PDQ)UDQ]IHOOSRZHUOHVVRQDFKDLU9LOOHIRUWRSHQHGWKH
GRRUDQGHVFDSHGIRUWKHLGHDKDGHQWHUHGKLVPLQGWR
VWLIOHWKHOLWWOHUHPDLQLQJOLIHLQWKHKHDUWRIWKLV
WHUULEOHROGPDQ

953

&KDSWHU
3URJUHVVRI&DYDOFDQWLWKH<RXQJHU
0HDQZKLOH0&DYDOFDQWLWKHHOGHUKDGUHWXUQHGWRKLV
VHUYLFHQRWLQWKHDUP\RIKLVPDMHVW\WKH(PSHURURI
$XVWULDEXWDWWKHJDPLQJWDEOHRIWKHEDWKVRI/XFFDRI
ZKLFKKHZDVRQHRIWKHPRVWDVVLGXRXVFRXUWLHUV+HKDG
VSHQWHYHU\IDUWKLQJWKDWKDGEHHQDOORZHGIRUKLVMRXUQH\
DVDUHZDUGIRUWKHPDMHVWLFDQGVROHPQPDQQHULQZKLFKKH
KDGPDLQWDLQHGKLVDVVXPHGFKDUDFWHURIIDWKHU0$QGUHDDW
KLVGHSDUWXUHLQKHULWHGDOOWKHSDSHUVZKLFKSURYHGWKDWKH
KDGLQGHHGWKHKRQRURIEHLQJWKHVRQRIWKH0DUTXLV
%DUWRORPHRDQGWKH0DUFKLRQHVV2OLYD&RUVLQDUL+HZDVQRZ
IDLUO\ODXQFKHGLQWKDW3DULVLDQVRFLHW\ZKLFKJLYHVVXFK
UHDG\DFFHVVWRIRUHLJQHUVDQGWUHDWVWKHPQRWDVWKH\
UHDOO\DUHEXWDVWKH\ZLVKWREHFRQVLGHUHG%HVLGHVZKDW
LVUHTXLUHGRID\RXQJPDQLQ3DULV"7RVSHDNLWVODQJXDJH
WROHUDEO\WRPDNHDJRRGDSSHDUDQFHWREHDJRRGJDPHVWHU
DQGWRSD\LQFDVK7KH\DUHFHUWDLQO\OHVVSDUWLFXODUZLWK
DIRUHLJQHUWKDQZLWKD)UHQFKPDQ$QGUHDKDGWKHQLQD
IRUWQLJKWDWWDLQHGDYHU\IDLUSRVLWLRQ+HZDVFDOOHG
FRXQWKHZDVVDLGWRSRVVHVVOLYUHVSHUDQQXPDQG
KLVIDWKHU
VLPPHQVHULFKHVEXULHGLQWKHTXDUULHVRI
6DUDYH]]DZHUHDFRQVWDQWWKHPH$OHDUQHGPDQEHIRUHZKRP
WKHODVWFLUFXPVWDQFHZDVPHQWLRQHGDVDIDFWGHFODUHGKH
KDGVHHQWKHTXDUULHVLQTXHVWLRQZKLFKJDYHJUHDWZHLJKW
WRDVVHUWLRQVKLWKHUWRVRPHZKDWGRXEWIXOEXWZKLFKQRZ
DVVXPHGWKHJDUERIUHDOLW\
6XFKZDVWKHVWDWHRIVRFLHW\LQ3DULVDWWKHSHULRGZH
EULQJEHIRUHRXUUHDGHUVZKHQ0RQWH&ULVWRZHQWRQHHYHQLQJ
WRSD\0'DQJODUVDYLVLW0'DQJODUVZDVRXWEXWWKH
FRXQWZDVDVNHGWRJRDQGVHHWKHEDURQHVVDQGKHDFFHSWHG
WKHLQYLWDWLRQ,WZDVQHYHUZLWKRXWDQHUYRXVVKXGGHU
VLQFHWKHGLQQHUDW$XWHXLODQGWKHHYHQWVZKLFKIROORZHG
LWWKDW0DGDPH'DQJODUVKHDUG0RQWH&ULVWR
VQDPH
DQQRXQFHG,IKHGLGQRWFRPHWKHSDLQIXOVHQVDWLRQEHFDPH
PRVWLQWHQVHLIRQWKHFRQWUDU\KHDSSHDUHGKLVQREOH
FRXQWHQDQFHKLVEULOOLDQWH\HVKLVDPLDELOLW\KLVSROLWH
DWWHQWLRQHYHQWRZDUGV0DGDPH'DQJODUVVRRQGLVSHOOHGHYHU\
LPSUHVVLRQRIIHDU,WDSSHDUHGLPSRVVLEOHWRWKHEDURQHVV

954

WKDWDPDQRIVXFKGHOLJKWIXOO\SOHDVLQJPDQQHUVVKRXOG
HQWHUWDLQHYLOGHVLJQVDJDLQVWKHUEHVLGHVWKHPRVW
FRUUXSWPLQGVRQO\VXVSHFWHYLOZKHQLWZRXOGDQVZHUVRPH
LQWHUHVWHGHQGXVHOHVVLQMXU\LVUHSXJQDQWWRHYHU\PLQG
:KHQ0RQWH&ULVWRHQWHUHGWKHERXGRLUWRZKLFKZHKDYH
DOUHDG\RQFHLQWURGXFHGRXUUHDGHUVDQGZKHUHWKHEDURQHVV
ZDVH[DPLQLQJVRPHGUDZLQJVZKLFKKHUGDXJKWHUSDVVHGWR
KHUDIWHUKDYLQJORRNHGDWWKHPZLWK0&DYDOFDQWLKLV
SUHVHQFHVRRQSURGXFHGLWVXVXDOHIIHFWDQGLWZDVZLWK
VPLOHVWKDWWKHEDURQHVVUHFHLYHGWKHFRXQWDOWKRXJKVKH
KDGEHHQDOLWWOHGLVFRQFHUWHGDWWKHDQQRXQFHPHQWRIKLV
QDPH7KHODWWHUWRRNLQWKHZKROHVFHQHDWDJODQFH
7KHEDURQHVVZDVSDUWLDOO\UHFOLQLQJRQDVRID(XJHQLHVDW
QHDUKHUDQG&DYDOFDQWLZDVVWDQGLQJ&DYDOFDQWLGUHVVHG
LQEODFNOLNHRQHRI*RHWKH
VKHURHVZLWKYDUQLVKHGVKRHV
DQGZKLWHVLONRSHQZRUNHGVWRFNLQJVSDVVHGDZKLWHDQG
WROHUDEO\QLFHORRNLQJKDQGWKURXJKKLVOLJKWKDLUDQGVR
GLVSOD\HGDVSDUNOLQJGLDPRQGWKDWLQVSLWHRI0RQWH
&ULVWR
VDGYLFHWKHYDLQ\RXQJPDQKDGEHHQXQDEOHWRUHVLVW
SXWWLQJRQKLVOLWWOHILQJHU7KLVPRYHPHQWZDVDFFRPSDQLHG
E\NLOOLQJJODQFHVDW0DGHPRLVHOOH'DQJODUVDQGE\VLJKV
ODXQFKHGLQWKHVDPHGLUHFWLRQ0DGHPRLVHOOH'DQJODUVZDV
VWLOOWKHVDPHFROGEHDXWLIXODQGVDWLULFDO1RWRQHRI
WKHVHJODQFHVQRURQHVLJKZDVORVWRQKHUWKH\PLJKW
KDYHEHHQVDLGWRIDOORQWKHVKLHOGRI0LQHUYDZKLFKVRPH
SKLORVRSKHUVDVVHUWSURWHFWHGVRPHWLPHVWKHEUHDVWRI
6DSSKR(XJHQLHERZHGFROGO\WRWKHFRXQWDQGDYDLOHG
KHUVHOIRIWKHILUVWPRPHQWZKHQWKHFRQYHUVDWLRQEHFDPH
HDUQHVWWRHVFDSHWRKHUVWXG\ZKHQFHYHU\VRRQWZR
FKHHUIXODQGQRLV\YRLFHVEHLQJKHDUGLQFRQQHFWLRQZLWK
RFFDVLRQDOQRWHVRIWKHSLDQRDVVXUHG0RQWH&ULVWRWKDW
0DGHPRLVHOOH'DQJODUVSUHIHUUHGWRKLVVRFLHW\DQGWRWKDW
RI0&DYDOFDQWLWKHFRPSDQ\RI0DGHPRLVHOOH/RXLVH
G
$UPLOO\KHUVLQJLQJWHDFKHU
,WZDVWKHQHVSHFLDOO\ZKLOHFRQYHUVLQJZLWK0DGDPH
'DQJODUVDQGDSSDUHQWO\DEVRUEHGE\WKHFKDUPRIWKH
FRQYHUVDWLRQWKDWWKHFRXQWQRWLFHG0$QGUHD&DYDOFDQWL
V
VROLFLWXGHKLVPDQQHURIOLVWHQLQJWRWKHPXVLFDWWKHGRRU
KHGDUHGQRWSDVVDQGRIPDQLIHVWLQJKLVDGPLUDWLRQ7KH
EDQNHUVRRQUHWXUQHG+LVILUVWORRNZDVFHUWDLQO\GLUHFWHG
WRZDUGV0RQWH&ULVWREXWWKHVHFRQGZDVIRU$QGUHD$VIRU
KLVZLIHKHERZHGWRKHUDVVRPHKXVEDQGVGRWRWKHLU

955

ZLYHVEXWLQDZD\WKDWEDFKHORUVZLOOQHYHUFRPSUHKHQG
XQWLODYHU\H[WHQVLYHFRGHLVSXEOLVKHGRQFRQMXJDOOLIH
+DYHQRWWKHODGLHVLQYLWHG\RXWRMRLQWKHPDWWKHSLDQR"
VDLG'DQJODUVWR$QGUHD$ODVQRVLUUHSOLHG$QGUHD
ZLWKDVLJKVWLOOPRUHUHPDUNDEOHWKDQWKHIRUPHURQHV
'DQJODUVLPPHGLDWHO\DGYDQFHGWRZDUGVWKHGRRUDQGRSHQHG
LW
7KHWZR\RXQJODGLHVZHUHVHHQVHDWHGRQWKHVDPHFKDLUDW
WKHSLDQRDFFRPSDQ\LQJWKHPVHOYHVHDFKZLWKRQHKDQGD
IDQF\WRZKLFKWKH\KDGDFFXVWRPHGWKHPVHOYHVDQGSHUIRUPHG
DGPLUDEO\0DGHPRLVHOOHG
$UPLOO\ZKRPWKH\WKHQSHUFHLYHG
WKURXJKWKHRSHQGRRUZD\IRUPHGZLWK(XJHQLHRQHRIWKH
WDEOHDX[YLYDQWVRIZKLFKWKH*HUPDQVDUHVRIRQG6KHZDV
VRPHZKDWEHDXWLIXODQGH[TXLVLWHO\IRUPHGDOLWWOH
IDLU\OLNHILJXUHZLWKODUJHFXUOVIDOOLQJRQKHUQHFN
ZKLFKZDVUDWKHUWRRORQJDV3HUXJLQRVRPHWLPHVPDNHVKLV
9LUJLQVDQGKHUH\HVGXOOIURPIDWLJXH6KHZDVVDLGWR
KDYHDZHDNFKHVWDQGOLNH$QWRQLDLQWKH&UHPRQD9LROLQ
VKHZRXOGGLHRQHGD\ZKLOHVLQJLQJ0RQWH&ULVWRFDVWRQH
UDSLGDQGFXULRXVJODQFHURXQGWKLVVDQFWXPLWZDVWKH
ILUVWWLPHKHKDGHYHUVHHQ0DGHPRLVHOOHG
$UPLOO\RIZKRP
KHKDGKHDUGPXFK:HOOVDLGWKHEDQNHUWRKLVGDXJKWHU
DUHZHWKHQDOOWREHH[FOXGHG"+HWKHQOHGWKH\RXQJPDQ
LQWRWKHVWXG\DQGHLWKHUE\FKDQFHRUPDQRHXYUHWKHGRRU
ZDVSDUWLDOO\FORVHGDIWHU$QGUHDVRWKDWIURPWKHSODFH
ZKHUHWKH\VDWQHLWKHUWKH&RXQWQRUWKHEDURQHVVFRXOGVHH
DQ\WKLQJEXWDVWKHEDQNHUKDGDFFRPSDQLHG$QGUHD0DGDPH
'DQJODUVDSSHDUHGWRWDNHQRQRWLFHRILW
7KHFRXQWVRRQKHDUG$QGUHD
VYRLFHVLQJLQJD&RUVLFDQ
VRQJDFFRPSDQLHGE\WKHSLDQR:KLOHWKHFRXQWVPLOHGDW
KHDULQJWKLVVRQJZKLFKPDGHKLPORVHVLJKWRI$QGUHDLQ
WKHUHFROOHFWLRQRI%HQHGHWWR0DGDPH'DQJODUVZDVERDVWLQJ
WR0RQWH&ULVWRRIKHUKXVEDQG
VVWUHQJWKRIPLQGZKRWKDW
YHU\PRUQLQJKDGORVWWKUHHRUIRXUKXQGUHGWKRXVDQGIUDQFV
E\DIDLOXUHDW0LODQ7KHSUDLVHZDVZHOOGHVHUYHGIRUKDG
QRWWKHFRXQWKHDUGLWIURPWKHEDURQHVVRUE\RQHRIWKRVH
PHDQVE\ZKLFKKHNQHZHYHU\WKLQJWKHEDURQ
VFRXQWHQDQFH
ZRXOGQRWKDYHOHGKLPWRVXVSHFWLW+HPWKRXJKW0RQWH
&ULVWRKHEHJLQVWRFRQFHDOKLVORVVHVDPRQWKVLQFHKH
ERDVWHGRIWKHP7KHQDORXG2KPDGDPH0'DQJODUVLV
VRVNLOIXOKHZLOOVRRQUHJDLQDWWKH%RXUVHZKDWKHORVHV

956

HOVHZKHUH
,VHHWKDW\RXSDUWLFLSDWHLQDSUHYDOHQWHUURUVDLG
0DGDPH'DQJODUV:KDWLVLW"VDLG0RQWH&ULVWR
7KDW0'DQJODUVVSHFXODWHVZKHUHDVKHQHYHUGRHV
7UXO\PDGDPH,UHFROOHFW0'HEUD\WROGPHDSURSRV
ZKDWLVEHFRPHRIKLP",KDYHVHHQQRWKLQJRIKLPWKHODVW
WKUHHRUIRXUGD\V
1RU,VDLG0DGDPH'DQJODUVEXW\RXEHJDQDVHQWHQFH
VLUDQGGLGQRWILQLVK
:KLFK"
0'HEUD\KDGWROG\RX
$K\HVKHWROGPHLWZDV\RXZKRVDFULILFHGWRWKHGHPRQ
RIVSHFXODWLRQ
,ZDVRQFHYHU\IRQGRILWEXW,GRQRWLQGXOJHQRZ
7KHQ\RXDUHZURQJPDGDPH)RUWXQHLVSUHFDULRXVDQGLI,
ZHUHDZRPDQDQGIDWHKDGPDGHPHDEDQNHU
VZLIHZKDWHYHU
PLJKWEHP\FRQILGHQFHLQP\KXVEDQG
VJRRGIRUWXQHVWLOO
LQVSHFXODWLRQ\RXNQRZWKHUHLVJUHDWULVN:HOO,ZRXOG
VHFXUHIRUP\VHOIDIRUWXQHLQGHSHQGHQWRIKLPHYHQLI,
DFTXLUHGLWE\SODFLQJP\LQWHUHVWVLQKDQGVXQNQRZQWR
KLP0DGDPH'DQJODUVEOXVKHGLQVSLWHRIDOOKHUHIIRUWV
6WD\VDLG0RQWH&ULVWRDVWKRXJKKHKDGQRWREVHUYHGKHU
FRQIXVLRQ,KDYHKHDUGRIDOXFN\KLWWKDWZDVPDGH
\HVWHUGD\RQWKH1HDSROLWDQERQGV
,KDYHQRQHQRUKDYH,HYHUSRVVHVVHGDQ\EXWUHDOO\ZH
KDYHWDONHGORQJHQRXJKRIPRQH\FRXQWZHDUHOLNHWZR
VWRFNEURNHUVKDYH\RXKHDUGKRZIDWHLVSHUVHFXWLQJWKH
SRRU9LOOHIRUWV"
:KDWKDVKDSSHQHG"VDLGWKHFRXQWVLPXODWLQJWRWDO
LJQRUDQFH
<RXNQRZWKH0DUTXLVRI6DLQW0HUDQGLHGDIHZGD\VDIWHU
KHKDGVHWRXWRQKLVMRXUQH\WR3DULVDQGWKHPDUFKLRQHVV

957

DIHZGD\VDIWHUKHUDUULYDO"
<HVVDLG0RQWH&ULVWR,KDYHKHDUGWKDWEXWDV
&ODXGLXVVDLGWR+DPOHWCLWLVDODZRIQDWXUHWKHLU
IDWKHUVGLHGEHIRUHWKHPDQGWKH\PRXUQHGWKHLUORVVWKH\
ZLOOGLHEHIRUHWKHLUFKLOGUHQZKRZLOOLQWKHLUWXUQ
JULHYHIRUWKHP

%XWWKDWLVQRWDOO
1RWDOO
1RWKH\ZHUHJRLQJWRPDUU\WKHLUGDXJKWHU
7R0)UDQ]G
(SLQD\,VLWEURNHQRII"
<HVWHUGD\PRUQLQJLWDSSHDUV)UDQ]GHFOLQHGWKHKRQRU
,QGHHG"$QGLVWKHUHDVRQNQRZQ"
1R
+RZH[WUDRUGLQDU\$QGKRZGRHV0GH9LOOHIRUWEHDULW"
$VXVXDO/LNHDSKLORVRSKHU'DQJODUVUHWXUQHGDWWKLV
PRPHQWDORQH:HOOVDLGWKHEDURQHVVGR\RXOHDYH0
&DYDOFDQWLZLWK\RXUGDXJKWHU"
$QG0DGHPRLVHOOHG
$UPLOO\VDLGWKHEDQNHUGR\RX
FRQVLGHUKHUQRRQH"7KHQWXUQLQJWR0RQWH&ULVWRKH
VDLG3ULQFH&DYDOFDQWLLVDFKDUPLQJ\RXQJPDQLVKHQRW"
%XWLVKHUHDOO\DSULQFH"
,ZLOOQRWDQVZHUIRULWVDLG0RQWH&ULVWR+LVIDWKHU
ZDVLQWURGXFHGWRPHDVDPDUTXLVVRKHRXJKWWREHD
FRXQWEXW,GRQRWWKLQNKHKDVPXFKFODLPWRWKDWWLWOH
:K\"VDLGWKHEDQNHU,IKHLVDSULQFHKHLVZURQJQRW
WRPDLQWDLQKLVUDQN,GRQRWOLNHDQ\RQHWRGHQ\KLV
RULJLQ
2K\RXDUHDWKRURXJKGHPRFUDWVDLG0RQWH&ULVWR
VPLOLQJ

958

%XWGR\RXVHHWRZKDW\RXDUHH[SRVLQJ\RXUVHOI"VDLGWKH
EDURQHVV,ISHUFKDQFH0GH0RUFHUIFDPHKHZRXOGILQG
0&DYDOFDQWLLQWKDWURRPZKHUHKHWKHEHWURWKHGRI
(XJHQLHKDVQHYHUEHHQDGPLWWHG
<RXPD\ZHOOVD\SHUFKDQFHUHSOLHGWKHEDQNHUIRUKH
FRPHVVRVHOGRPLWZRXOGVHHPRQO\FKDQFHWKDWEULQJVKLP
%XWVKRXOGKHFRPHDQGILQGWKDW\RXQJPDQZLWK\RXU
GDXJKWHUKHPLJKWEHGLVSOHDVHG
+H"<RXDUHPLVWDNHQ0$OEHUWZRXOGQRWGRXVWKHKRQRU
WREHMHDORXVKHGRHVQRWOLNH(XJHQLHVXIILFLHQWO\
%HVLGHV,FDUHQRWIRUKLVGLVSOHDVXUH
6WLOOVLWXDWHGDVZHDUH
<HVGR\RXNQRZKRZZHDUHVLWXDWHG"$WKLVPRWKHU
VEDOO
KHGDQFHGRQFHZLWK(XJHQLHDQG0&DYDOFDQWLWKUHHWLPHV
DQGKHWRRNQRQRWLFHRILW7KHYDOHWDQQRXQFHGWKH
9LFRPWH$OEHUWGH0RUFHUI7KHEDURQHVVURVHKDVWLO\DQG
ZDVJRLQJLQWRWKHVWXG\ZKHQ'DQJODUVVWRSSHGKHU/HW
KHUDORQHVDLGKH6KHORRNHGDWKLPLQDPD]HPHQW0RQWH
&ULVWRDSSHDUHGWREHXQFRQVFLRXVRIZKDWSDVVHG$OEHUW
HQWHUHGORRNLQJYHU\KDQGVRPHDQGLQKLJKVSLULWV+HERZHG
SROLWHO\WRWKHEDURQHVVIDPLOLDUO\WR'DQJODUVDQG
DIIHFWLRQDWHO\WR0RQWH&ULVWR7KHQWXUQLQJWRWKH
EDURQHVV0D\,DVNKRZ0DGHPRLVHOOH'DQJODUVLV"VDLGKH
6KHLVTXLWHZHOOUHSOLHG'DQJODUVTXLFNO\VKHLVDW
WKHSLDQRZLWK0&DYDOFDQWL$OEHUWUHWDLQHGKLVFDOPDQG
LQGLIIHUHQWPDQQHUKHPLJKWIHHOSHUKDSVDQQR\HGEXWKH
NQHZ0RQWH&ULVWR
VH\HZDVRQKLP0&DYDOFDQWLKDVD
ILQHWHQRUYRLFHVDLGKHDQG0DGHPRLVHOOH(XJHQLHD
VSOHQGLGVRSUDQRDQGWKHQVKHSOD\VWKHSLDQROLNH
7KDOEHUJ7KHFRQFHUWPXVWEHDGHOLJKWIXORQH
7KH\VXLWHDFKRWKHUUHPDUNDEO\ZHOOVDLG'DQJODUV
$OEHUWDSSHDUHGQRWWRQRWLFHWKLVUHPDUNZKLFKZDV
KRZHYHUVRUXGHWKDW0DGDPH'DQJODUVEOXVKHG
,WRRVDLGWKH\RXQJPDQDPDPXVLFLDQDWOHDVWP\
PDVWHUVXVHGWRWHOOPHVREXWLWLVVWUDQJHWKDWP\YRLFH
QHYHUZRXOGVXLWDQ\RWKHUDQGDVRSUDQROHVVWKDQDQ\

959

'DQJODUVVPLOHGDQGVHHPHGWRVD\,WLVRIQR
FRQVHTXHQFH7KHQKRSLQJGRXEWOHVVWRHIIHFWKLVSXUSRVH
KHVDLG7KHSULQFHDQGP\GDXJKWHUZHUHXQLYHUVDOO\
DGPLUHG\HVWHUGD\<RXZHUHQRWRIWKHSDUW\0GH
0RUFHUI"
:KDWSULQFH"DVNHG$OEHUW3ULQFH&DYDOFDQWLVDLG
'DQJODUVZKRSHUVLVWHGLQJLYLQJWKH\RXQJPDQWKDWWLWOH
3DUGRQPHVDLG$OEHUW,ZDVQRWDZDUHWKDWKHZDVD
SULQFH$QG3ULQFH&DYDOFDQWLVDQJZLWK0DGHPRLVHOOH(XJHQLH
\HVWHUGD\",WPXVWKDYHEHHQFKDUPLQJLQGHHG,UHJUHWQRW
KDYLQJKHDUGWKHP%XW,ZDVXQDEOHWRDFFHSW\RXU
LQYLWDWLRQKDYLQJSURPLVHGWRDFFRPSDQ\P\PRWKHUWRD
*HUPDQFRQFHUWJLYHQE\WKH%DURQHVVRI&KDWHDX5HQDXG
7KLVZDVIROORZHGE\UDWKHUDQDZNZDUGVLOHQFH0D\,DOVR
EHDOORZHGVDLG0RUFHUIWRSD\P\UHVSHFWVWR
0DGHPRLVHOOH'DQJODUV":DLWDPRPHQWVDLGWKHEDQNHU
VWRSSLQJWKH\RXQJPDQGR\RXKHDUWKDWGHOLJKWIXO
FDYDWLQD"7DWDWDWLWDWLWDWDLWLVFKDUPLQJ
OHWWKHPILQLVKRQHPRPHQW%UDYREUDYLEUDYD7KH
EDQNHUZDVHQWKXVLDVWLFLQKLVDSSODXVH
,QGHHGVDLG$OEHUWLWLVH[TXLVLWHLWLVLPSRVVLEOHWR
XQGHUVWDQGWKHPXVLFRIKLVFRXQWU\EHWWHUWKDQ3ULQFH
&DYDOFDQWLGRHV<RXVDLGSULQFHGLG\RXQRW"%XWKHFDQ
HDVLO\EHFRPHRQHLIKHLVQRWDOUHDG\LWLVQRXQFRPPRQ
WKLQJLQ,WDO\%XWWRUHWXUQWRWKHFKDUPLQJPXVLFLDQV
\RXVKRXOGJLYHXVDWUHDW'DQJODUVZLWKRXWWHOOLQJWKHP
WKHUHLVDVWUDQJHU$VNWKHPWRVLQJRQHPRUHVRQJLWLV
VRGHOLJKWIXOWRKHDUPXVLFLQWKHGLVWDQFHZKHQWKH
PXVLFLDQVDUHXQUHVWUDLQHGE\REVHUYDWLRQ
'DQJODUVZDVTXLWHDQQR\HGE\WKH\RXQJPDQ
VLQGLIIHUHQFH
+HWRRN0RQWH&ULVWRDVLGH:KDWGR\RXWKLQNRIRXU
ORYHU"VDLGKH
+HDSSHDUVFRRO%XWWKHQ\RXUZRUGLVJLYHQ
<HVGRXEWOHVV,KDYHSURPLVHGWRJLYHP\GDXJKWHUWRDPDQ
ZKRORYHVKHUEXWQRWWRRQHZKRGRHVQRW6HHKLPWKHUH
FROGDVPDUEOHDQGSURXGOLNHKLVIDWKHU,IKHZHUHULFK
LIKHKDG&DYDOFDQWL
VIRUWXQHWKDWPLJKWEHSDUGRQHG0D
IRL,KDYHQ
WFRQVXOWHGP\GDXJKWHUEXWLIVKHKDVJRRG

960

WDVWH
2KVDLG0RQWH&ULVWRP\IRQGQHVVPD\EOLQGPHEXW,
DVVXUH\RX,FRQVLGHU0RUFHUIDFKDUPLQJ\RXQJPDQZKRZLOO
UHQGHU\RXUGDXJKWHUKDSS\DQGZLOOVRRQHURUODWHUDWWDLQD
FHUWDLQDPRXQWRIGLVWLQFWLRQDQGKLVIDWKHU
VSRVLWLRQLV
JRRG
+HPVDLG'DQJODUV
:K\GR\RXGRXEW"
7KHSDVWWKDWREVFXULW\RQWKHSDVW
%XWWKDWGRHVQRWDIIHFWWKHVRQ
9HU\WUXH
1RZ,EHJRI\RXGRQ
WJRRII\RXUKHDG,W
VDPRQWKQRZ
WKDW\RXKDYHEHHQWKLQNLQJRIWKLVPDUULDJHDQG\RXPXVW
VHHWKDWLWWKURZVVRPHUHVSRQVLELOLW\RQPHIRULWZDVDW
P\KRXVH\RXPHWWKLV\RXQJ&DYDOFDQWLZKRP,GRQRWUHDOO\
NQRZDWDOO
%XW,GR
+DYH\RXPDGHLQTXLU\"
,VWKHUHDQ\QHHGRIWKDW'RHVQRWKLVDSSHDUDQFHVSHDN
IRUKLP"$QGKHLVYHU\ULFK
,DPQRWVRVXUHRIWKDW
$QG\HW\RXVDLGKHKDGPRQH\
)LIW\WKRXVDQGOLYUHVDPHUHWULIOH
+HLVZHOOHGXFDWHG
+HPVDLG0RQWH&ULVWRLQKLVWXUQ
+HLVDPXVLFLDQ
6RDUHDOO,WDOLDQV

961

&RPHFRXQW\RXGRQRWGRWKDW\RXQJPDQMXVWLFH
:HOO,DFNQRZOHGJHLWDQQR\VPHNQRZLQJ\RXUFRQQHFWLRQ
ZLWKWKH0RUFHUIIDPLO\WRVHHKLPWKURZKLPVHOILQWKH
ZD\'DQJODUVEXUVWRXWODXJKLQJ:KDWD3XULWDQ\RXDUH
VDLGKHWKDWKDSSHQVHYHU\GD\
%XW\RXFDQQRWEUHDNLWRIILQWKLVZD\WKH0RUFHUIVDUH
GHSHQGLQJRQWKLVXQLRQ
,QGHHG
3RVLWLYHO\
7KHQOHWWKHPH[SODLQWKHPVHOYHV\RXVKRXOGJLYHWKH
IDWKHUDKLQW\RXDUHVRLQWLPDWHZLWKWKHIDPLO\
,"ZKHUHWKHGHYLOGLG\RXILQGRXWWKDW"
$WWKHLUEDOOLWZDVDSSDUHQWHQRXJK:K\GLGQRWWKH
FRXQWHVVWKHSURXG0HUFHGHVWKHGLVGDLQIXO&DWDODQHZKR
ZLOOVFDUFHO\RSHQKHUOLSVWRKHUROGHVWDFTXDLQWDQFHV
WDNH\RXUDUPOHDG\RXLQWRWKHJDUGHQLQWRWKHSULYDWH
ZDONVDQGUHPDLQWKHUHIRUKDOIDQKRXU"
$KEDURQEDURQVDLG$OEHUW\RXDUHQRWOLVWHQLQJ
ZKDWEDUEDULVPLQDPHORPDQLDFOLNH\RX
2KGRQ
WZRUU\DERXWPH6LU0RFNHUVDLG'DQJODUVWKHQ
WXUQLQJWRWKHFRXQWKHVDLGEXWZLOO\RXXQGHUWDNHWR
VSHDNWRWKHIDWKHU"
:LOOLQJO\LI\RXZLVKLW
%XWOHWLWEHGRQHH[SOLFLWO\DQGSRVLWLYHO\,IKHGHPDQGV
P\GDXJKWHUOHWKLPIL[WKHGD\GHFODUHKLVFRQGLWLRQV
LQVKRUWOHWXVHLWKHUXQGHUVWDQGHDFKRWKHURUTXDUUHO
<RXXQGHUVWDQGQRPRUHGHOD\
<HVVLU,ZLOOJLYHP\DWWHQWLRQWRWKHVXEMHFW
,GRQRWVD\WKDW,DZDLWZLWKSOHDVXUHKLVGHFLVLRQEXW,
GRDZDLWLW$EDQNHUPXVW\RXNQRZEHDVODYHWRKLV

962

SURPLVH$QG'DQJODUVVLJKHGDV0&DYDOFDQWLKDGGRQHKDOI
DQKRXUEHIRUH%UDYLEUDYREUDYDFULHG0RUFHUI
SDURG\LQJWKHEDQNHUDVWKHVHOHFWLRQFDPHWRDQHQG
'DQJODUVEHJDQWRORRNVXVSLFLRXVO\DW0RUFHUIZKHQVRPH
RQHFDPHDQGZKLVSHUHGDIHZZRUGVWRKLP,VKDOOVRRQ
UHWXUQVDLGWKHEDQNHUWR0RQWH&ULVWRZDLWIRUPH,
VKDOOSHUKDSVKDYHVRPHWKLQJWRVD\WR\RX$QGKHZHQW
RXW
7KHEDURQHVVWRRNDGYDQWDJHRIKHUKXVEDQG
VDEVHQFHWRSXVK
RSHQWKHGRRURIKHUGDXJKWHU
VVWXG\DQG0$QGUHDZKR
ZDVVLWWLQJEHIRUHWKHSLDQRZLWK0DGHPRLVHOOH(XJHQLH
VWDUWHGXSOLNHDMDFNLQWKHER[$OEHUWERZHGZLWKDVPLOH
WR0DGHPRLVHOOH'DQJODUVZKRGLGQRWDSSHDULQWKHOHDVW
GLVWXUEHGDQGUHWXUQHGKLVERZZLWKKHUXVXDOFRROQHVV
&DYDOFDQWLZDVHYLGHQWO\HPEDUUDVVHGKHERZHGWR0RUFHUI
ZKRUHSOLHGZLWKWKHPRVWLPSHUWLQHQWORRNSRVVLEOH7KHQ
$OEHUWODXQFKHGRXWLQSUDLVHRI0DGHPRLVHOOH'DQJODUV

YRLFHDQGRQKLVUHJUHWDIWHUZKDWKHKDGMXVWKHDUGWKDW
KHKDGEHHQXQDEOHWREHSUHVHQWWKHSUHYLRXVHYHQLQJ
&DYDOFDQWLEHLQJOHIWDORQHWXUQHGWR0RQWH&ULVWR
&RPHVDLG0DGDPH'DQJODUVOHDYHPXVLFDQGFRPSOLPHQWV
DQGOHWXVJRDQGWDNHWHD
&RPH/RXLVHVDLG0DGHPRLVHOOH'DQJODUVWRKHUIULHQG
7KH\SDVVHGLQWRWKHQH[WGUDZLQJURRPZKHUHWHDZDV
SUHSDUHG-XVWDVWKH\ZHUHEHJLQQLQJLQWKH(QJOLVK
IDVKLRQWROHDYHWKHVSRRQVLQWKHLUFXSVWKHGRRUDJDLQ
RSHQHGDQG'DQJODUVHQWHUHGYLVLEO\DJLWDWHG0RQWH&ULVWR
REVHUYHGLWSDUWLFXODUO\DQGE\DORRNDVNHGWKHEDQNHUIRU
DQH[SODQDWLRQ,KDYHMXVWUHFHLYHGP\FRXULHUIURP
*UHHFHVDLG'DQJODUV
$K\HVVDLGWKHFRXQWWKDWZDVWKHUHDVRQRI\RXU
UXQQLQJDZD\IURPXV
<HV
+RZLV.LQJ2WKRJHWWLQJRQ"DVNHG$OEHUWLQWKHPRVW
VSULJKWO\WRQH'DQJODUVFDVWDQRWKHUVXVSLFLRXVORRN
WRZDUGVKLPZLWKRXWDQVZHULQJDQG0RQWH&ULVWRWXUQHGDZD\
WRFRQFHDOWKHH[SUHVVLRQRISLW\ZKLFKSDVVHGRYHUKLV
IHDWXUHVEXWZKLFKZDVJRQHLQDPRPHQW:HVKDOOJR

963

WRJHWKHUVKDOOZHQRW"VDLG$OEHUWWRWKHFRXQW
,I\RXOLNHUHSOLHGWKHODWWHU$OEHUWFRXOGQRW
XQGHUVWDQGWKHEDQNHU
VORRNDQGWXUQLQJWR0RQWH&ULVWR
ZKRXQGHUVWRRGLWSHUIHFWO\'LG\RXVHHVDLGKHKRZ
KHORRNHGDWPH"
<HVVDLGWKHFRXQWEXWGLG\RXWKLQNWKHUHZDVDQ\WKLQJ
SDUWLFXODULQKLVORRN"
,QGHHG,GLGDQGZKDWGRHVKHPHDQE\KLVQHZVIURP
*UHHFH"
+RZFDQ,WHOO\RX"
%HFDXVH,LPDJLQH\RXKDYHFRUUHVSRQGHQWVLQWKDWFRXQWU\
0RQWH&ULVWRVPLOHGVLJQLILFDQWO\
6WRSVDLG$OEHUWKHUHKHFRPHV,VKDOOFRPSOLPHQW
0DGHPRLVHOOH'DQJODUVRQKHUFDPHRZKLOHWKHIDWKHUWDONV
WR\RX
,I\RXFRPSOLPHQWKHUDWDOOOHWLWEHRQKHUYRLFHDW
OHDVWVDLG0RQWH&ULVWR
1RHYHU\RQHZRXOGGRWKDW
0\GHDUYLVFRXQW\RXDUHGUHDGIXOO\LPSHUWLQHQW$OEHUW
DGYDQFHGWRZDUGV(XJHQLHVPLOLQJ0HDQZKLOH'DQJODUV
VWRRSLQJWR0RQWH&ULVWR
VHDU<RXUDGYLFHZDVH[FHOOHQW
VDLGKHWKHUHLVDZKROHKLVWRU\FRQQHFWHGZLWKWKHQDPHV
)HUQDQGDQG<DQLQD
,QGHHG"VDLG0RQWH&ULVWR
<HV,ZLOOWHOO\RXDOOEXWWDNHDZD\WKH\RXQJPDQ,
FDQQRWHQGXUHKLVSUHVHQFH
+HLVJRLQJZLWKPH6KDOO,VHQGWKHIDWKHUWR\RX"
,PPHGLDWHO\
9HU\ZHOO7KHFRXQWPDGHDVLJQWR$OEHUWDQGWKH\ERZHG
WRWKHODGLHVDQGWRRNWKHLUOHDYH$OEHUWSHUIHFWO\

964

LQGLIIHUHQWWR0DGHPRLVHOOH'DQJODUV
FRQWHPSW0RQWH&ULVWR
UHLWHUDWLQJKLVDGYLFHWR0DGDPH'DQJODUVRQWKHSUXGHQFHD
EDQNHU
VZLIHVKRXOGH[HUFLVHLQSURYLGLQJIRUWKHIXWXUH
0&DYDOFDQWLUHPDLQHGPDVWHURIWKHILHOG

&KDSWHU
+DLGHH
6FDUFHO\KDGWKHFRXQW
VKRUVHVFOHDUHGWKHDQJOHRIWKH
ERXOHYDUGWKDQ$OEHUWWXUQLQJWRZDUGVWKHFRXQWEXUVW
LQWRDORXGILWRIODXJKWHUPXFKWRRORXGLQIDFWQRWWR
JLYHWKHLGHDRILWVEHLQJUDWKHUIRUFHGDQGXQQDWXUDO
:HOOVDLGKH,ZLOODVN\RXWKHVDPHTXHVWLRQZKLFK
&KDUOHV,;SXWWR&DWKHULQHGH0HGLFLVDIWHUWKHPDVVDFUH
RI6DLQW%DUWKRORPHZC+RZKDYH,SOD\HGP\OLWWOHSDUW"

7RZKDWGR\RXDOOXGH"DVNHG0RQWH&ULVWR
7RWKHLQVWDOODWLRQRIP\ULYDODW0'DQJODUV

:KDWULYDO"
0DIRLZKDWULYDO":K\\RXUSURWHJH0$QGUHD
&DYDOFDQWL
$KQRMRNLQJYLVFRXQWLI\RXSOHDVH,GRQRWSDWURQL]H
0$QGUHDDWOHDVWQRWDVFRQFHUQV0'DQJODUV
$QG\RXZRXOGEHWREODPHIRUQRWDVVLVWLQJKLPLIWKH
\RXQJPDQUHDOO\QHHGHG\RXUKHOSLQWKDWTXDUWHUEXW
KDSSLO\IRUPHKHFDQGLVSHQVHZLWKLW
:KDWGR\RXWKLQNKHLVSD\LQJKLVDGGUHVVHV"
,DPFHUWDLQRILWKLVODQJXLVKLQJORRNVDQGPRGXODWHG
WRQHVZKHQDGGUHVVLQJ0DGHPRLVHOOH'DQJODUVIXOO\SURFODLP
KLVLQWHQWLRQV+HDVSLUHVWRWKHKDQGRIWKHSURXG
(XJHQLH
:KDWGRHVWKDWVLJQLI\VRORQJDVWKH\IDYRU\RXUVXLW"
%XWLWLVQRWWKHFDVHP\GHDUFRXQWRQWKHFRQWUDU\,

965

DPUHSXOVHGRQDOOVLGHV
:KDW
,WLVVRLQGHHG0DGHPRLVHOOH(XJHQLHVFDUFHO\DQVZHUVPH
DQG0DGHPRLVHOOHG
$UPLOO\KHUFRQILGDQWGRHVQRWVSHDNWR
PHDWDOO
%XWWKHIDWKHUKDVWKHJUHDWHVWUHJDUGSRVVLEOHIRU\RX
VDLG0RQWH&ULVWR
+H"2KQRKHKDVSOXQJHGDWKRXVDQGGDJJHUVLQWRP\
KHDUWWUDJHG\ZHDSRQV,RZQZKLFKLQVWHDGRIZRXQGLQJ
VKHDWKHWKHLUSRLQWVLQWKHLURZQKDQGOHVEXWGDJJHUVZKLFK
KHQHYHUWKHOHVVEHOLHYHGWREHUHDODQGGHDGO\
-HDORXV\LQGLFDWHVDIIHFWLRQ
7UXHEXW,DPQRWMHDORXV
+HLV
2IZKRP"RI'HEUD\"
1RRI\RX
2IPH",ZLOOHQJDJHWRVD\WKDWEHIRUHDZHHNLVSDVWWKH
GRRUZLOOEHFORVHGDJDLQVWPH
<RXDUHPLVWDNHQP\GHDUYLVFRXQW
3URYHLWWRPH
'R\RXZLVKPHWRGRVR"
<HV
:HOO,DPFKDUJHGZLWKWKHFRPPLVVLRQRIHQGHDYRULQJWR
LQGXFHWKH&RPWHGH0RUFHUIWRPDNHVRPHGHILQLWH
DUUDQJHPHQWZLWKWKHEDURQ
%\ZKRPDUH\RXFKDUJHG"
%\WKHEDURQKLPVHOI

966

2KVDLG$OEHUWZLWKDOOWKHFDMROHU\RIZKLFKKHZDV
FDSDEOH<RXVXUHO\ZLOOQRWGRWKDWP\GHDUFRXQW"
&HUWDLQO\,VKDOO$OEHUWDV,KDYHSURPLVHGWRGRLW
:HOOVDLG$OEHUWZLWKDVLJKLWVHHPV\RXDUH
GHWHUPLQHGWRPDUU\PH
,DPGHWHUPLQHGWRWU\DQGEHRQJRRGWHUPVZLWKHYHU\ERG\
DWDOOHYHQWVVDLG0RQWH&ULVWR%XWDSURSRVRI'HEUD\
KRZLVLWWKDW,KDYHQRWVHHQKLPODWHO\DWWKHEDURQ
V
KRXVH"
7KHUHKDVEHHQDPLVXQGHUVWDQGLQJ
:KDWZLWKWKHEDURQHVV"
1RZLWKWKHEDURQ
+DVKHSHUFHLYHGDQ\WKLQJ"
$KWKDWLVDJRRGMRNH
'R\RXWKLQNKHVXVSHFWV"VDLG0RQWH&ULVWRZLWKFKDUPLQJ
DUWOHVVQHVV
:KHUHKDYH\RXFRPHIURPP\GHDUFRXQW"VDLG$OEHUW
)URP&RQJRLI\RXZLOO
,WPXVWEHIDUWKHURIIWKDQHYHQWKDW
%XWZKDWGR,NQRZRI\RXU3DULVLDQKXVEDQGV"
2KP\GHDUFRXQWKXVEDQGVDUHSUHWW\PXFKWKHVDPH
HYHU\ZKHUHDQLQGLYLGXDOKXVEDQGRIDQ\FRXQWU\LVDSUHWW\
IDLUVSHFLPHQRIWKHZKROHUDFH
%XWWKHQZKDWFDQKDYHOHGWRWKHTXDUUHOEHWZHHQ'DQJODUV
DQG'HEUD\"7KH\VHHPHGWRXQGHUVWDQGHDFKRWKHUVRZHOO
VDLG0RQWH&ULVWRZLWKUHQHZHGHQHUJ\
$KQRZ\RXDUHWU\LQJWRSHQHWUDWHLQWRWKHP\VWHULHVRI

967

,VLVLQZKLFK,DPQRWLQLWLDWHG:KHQ0$QGUHD&DYDOFDQWL
KDVEHFRPHRQHRIWKHIDPLO\\RXFDQDVNKLPWKDW
TXHVWLRQ7KHFDUULDJHVWRSSHG+HUHZHDUHVDLG0RQWH
&ULVWRLWLVRQO\KDOISDVWWHQR
FORFNFRPHLQ
&HUWDLQO\,ZLOO
0\FDUULDJHVKDOOWDNH\RXEDFN
1RWKDQN\RX,JDYHRUGHUVIRUP\FRXSHWRIROORZPH
7KHUHLWLVWKHQVDLG0RQWH&ULVWRDVKHVWHSSHGRXWRI
WKHFDUULDJH7KH\ERWKZHQWLQWRWKHKRXVHWKH
GUDZLQJURRPZDVOLJKWHGXSWKH\ZHQWLQWKHUH<RXZLOO
PDNHWHDIRUXV%DSWLVWLQVDLGWKHFRXQW%DSWLVWLQOHIW
WKHURRPZLWKRXWZDLWLQJWRDQVZHUDQGLQWZRVHFRQGV
UHDSSHDUHGEULQJLQJRQDZDLWHUDOOWKDWKLVPDVWHUKDG
RUGHUHGUHDG\SUHSDUHGDQGDSSHDULQJWRKDYHVSUXQJIURP
WKHJURXQGOLNHWKHUHSDVWVZKLFKZHUHDGRILQIDLU\
WDOHV5HDOO\P\GHDUFRXQWVDLG0RUFHUIZKDW,DGPLUH
LQ\RXLVQRWVRPXFK\RXUULFKHVIRUSHUKDSVWKHUHDUH
SHRSOHHYHQZHDOWKLHUWKDQ\RXUVHOIQRULVLWRQO\\RXU
ZLWIRU%HDXPDUFKDLVPLJKWKDYHSRVVHVVHGDVPXFKEXW
LWLV\RXUPDQQHURIEHLQJVHUYHGZLWKRXWDQ\TXHVWLRQVLQ
DPRPHQWLQDVHFRQGLWLVDVLWWKH\JXHVVHGZKDW\RX
ZDQWHGE\\RXUPDQQHURIULQJLQJDQGPDGHDSRLQWRI
NHHSLQJHYHU\WKLQJ\RXFDQSRVVLEO\GHVLUHLQFRQVWDQW
UHDGLQHVV
:KDW\RXVD\LVSHUKDSVWUXHWKH\NQRZP\KDELWV)RU
LQVWDQFH\RXVKDOOVHHKRZGR\RXZLVKWRRFFXS\\RXUVHOI
GXULQJWHDWLPH"
0DIRL,VKRXOGOLNHWRVPRNH
0RQWH&ULVWRWRRNWKHJRQJDQGVWUXFNLWRQFH,QDERXWWKH
VSDFHRIDVHFRQGDSULYDWHGRRURSHQHGDQG$OLDSSHDUHG
EULQJLQJWZRFKLERXTXHVILOOHGZLWKH[FHOOHQWODWDNLD,W
LVTXLWHZRQGHUIXOVDLG$OEHUW
2KQRLWLVDVVLPSOHDVSRVVLEOHUHSOLHG0RQWH&ULVWR
$OLNQRZV,JHQHUDOO\VPRNHZKLOH,DPWDNLQJP\WHDRU
FRIIHHKHKDVKHDUGWKDW,RUGHUHGWHDDQGKHDOVRNQRZV
WKDW,EURXJKW\RXKRPHZLWKPHZKHQ,VXPPRQHGKLPKH

968

QDWXUDOO\JXHVVHGWKHUHDVRQRIP\GRLQJVRDQGDVKHFRPHV
IURPDFRXQWU\ZKHUHKRVSLWDOLW\LVHVSHFLDOO\PDQLIHVWHG
WKURXJKWKHPHGLXPRIVPRNLQJKHQDWXUDOO\FRQFOXGHVWKDW
ZHVKDOOVPRNHLQFRPSDQ\DQGWKHUHIRUHEULQJVWZR
FKLERXTXHVLQVWHDGRIRQHDQGQRZWKHP\VWHU\LVVROYHG
&HUWDLQO\\RXJLYHDPRVWFRPPRQSODFHDLUWR\RXU
H[SODQDWLRQEXWLWLVQRWWKHOHVVWUXHWKDW\RX$KEXW
ZKDWGR,KHDU"DQG0RUFHUILQFOLQHGKLVKHDGWRZDUGVWKH
GRRUWKURXJKZKLFKVRXQGVVHHPHGWRLVVXHUHVHPEOLQJWKRVH
RIDJXLWDU
0DIRLP\GHDUYLVFRXQW\RXDUHIDWHGWRKHDUPXVLFWKLV
HYHQLQJ\RXKDYHRQO\HVFDSHGIURP0DGHPRLVHOOH'DQJODUV

SLDQRWREHDWWDFNHGE\+DLGHH
VJX]OD
+DLGHHZKDWDQDGRUDEOHQDPH$UHWKHUHWKHQUHDOO\
ZRPHQZKREHDUWKHQDPHRI+DLGHHDQ\ZKHUHEXWLQ%\URQ
V
SRHPV"
&HUWDLQO\WKHUHDUH+DLGHHLVDYHU\XQFRPPRQQDPHLQ
)UDQFHEXWLVFRPPRQHQRXJKLQ$OEDQLDDQG(SLUXVLWLVDV
LW\RXVDLGIRUH[DPSOH&KDVWLW\0RGHVW\,QQRFHQFH
LWLVDNLQGRIEDSWLVPDOQDPHDV\RX3DULVLDQVFDOOLW
2KWKDWLVFKDUPLQJVDLG$OEHUWKRZ,VKRXOGOLNHWR
KHDUP\FRXQWU\ZRPHQFDOOHG0DGHPRLVHOOH*RRGQHVV
0DGHPRLVHOOH6LOHQFH0DGHPRLVHOOH&KULVWLDQ&KDULW\2QO\
WKLQNWKHQLI0DGHPRLVHOOH'DQJODUVLQVWHDGRIEHLQJ
FDOOHG&ODLUH0DULH(XJHQLHKDGEHHQQDPHG0DGHPRLVHOOH
&KDVWLW\0RGHVW\,QQRFHQFH'DQJODUVZKDWDILQHHIIHFWWKDW
ZRXOGKDYHSURGXFHGRQWKHDQQRXQFHPHQWRIKHUPDUULDJH
+XVKVDLGWKHFRXQWGRQRWMRNHLQVRORXGDWRQH
+DLGHHPD\KHDU\RXSHUKDSV
$QG\RXWKLQNVKHZRXOGEHDQJU\"
1RFHUWDLQO\QRWVDLGWKHFRXQWZLWKDKDXJKW\
H[SUHVVLRQ
6KHLVYHU\DPLDEOHWKHQLVVKHQRW"VDLG$OEHUW
,WLVQRWWREHFDOOHGDPLDELOLW\LWLVKHUGXW\DVODYH

969

GRHVQRWGLFWDWHWRDPDVWHU
&RPH\RXDUHMRNLQJ\RXUVHOIQRZ$UHWKHUHDQ\PRUH
VODYHVWREHKDGZKREHDUWKLVEHDXWLIXOQDPH"
8QGRXEWHGO\
5HDOO\FRXQW\RXGRQRWKLQJDQGKDYHQRWKLQJOLNHRWKHU
SHRSOH7KHVODYHRIWKH&RXQWRI0RQWH&ULVWR:K\LWLVD
UDQNRILWVHOILQ)UDQFHDQGIURPWKHZD\LQZKLFK\RX
ODYLVKPRQH\LWLVDSODFHWKDWPXVWEHZRUWKDKXQGUHG
WKRXVDQGIUDQFVD\HDU
$KXQGUHGWKRXVDQGIUDQFV7KHSRRUJLUORULJLQDOO\
SRVVHVVHGPXFKPRUHWKDQWKDWVKHZDVERUQWRWUHDVXUHVLQ
FRPSDULVRQZLWKZKLFKWKRVHUHFRUGHGLQWKHC7KRXVDQGDQG
2QH1LJKWV
ZRXOGVHHPEXWSRYHUW\
6KHPXVWEHDSULQFHVVWKHQ
<RXDUHULJKWDQGVKHLVRQHRIWKHJUHDWHVWLQKHU
FRXQWU\WRR
,WKRXJKWVR%XWKRZGLGLWKDSSHQWKDWVXFKDJUHDW
SULQFHVVEHFDPHDVODYH"
+RZZDVLWWKDW'LRQ\VLXVWKH7\UDQWEHFDPHDVFKRROPDVWHU"
7KHIRUWXQHRIZDUP\GHDUYLVFRXQWWKHFDSULFHRI
IRUWXQHWKDWLVWKHZD\LQZKLFKWKHVHWKLQJVDUHWREH
DFFRXQWHGIRU
$QGLVKHUQDPHDVHFUHW"
$VUHJDUGVWKHJHQHUDOLW\RIPDQNLQGLWLVEXWQRWIRU
\RXP\GHDUYLVFRXQWZKRDUHRQHRIP\PRVWLQWLPDWH
IULHQGVDQGRQZKRVHVLOHQFH,IHHO,PD\UHO\LI,
FRQVLGHULWQHFHVVDU\WRHQMRLQLWPD\,QRWGRVR"
&HUWDLQO\RQP\ZRUGRIKRQRU
<RXNQRZWKHKLVWRU\RIWKHSDVKDRI<DQLQDGR\RXQRW"
2I$OL7HSHOLQL" 2K\HVLWZDVLQKLVVHUYLFHWKDWP\
IDWKHUPDGHKLVIRUWXQH

970

7UXH,KDGIRUJRWWHQWKDW
$OL3DVKD7KH/LRQZDVERUQDW7HSHOLQLDQ$OEDQLDQ
YLOODJHDWWKHIRRWRIWKH.OLVVRXUD0RXQWDLQVLQ%\
GLSORPDF\DQGVXFFHVVLQDUPVKHEHFDPHDOPRVWVXSUHPHUXOHU
RI$OEDQLD(SLUXVDQGDGMDFHQWWHUULWRU\+DYLQJDURXVHG
WKHHQPLW\RIWKH6XOWDQKHZDVSURVFULEHGDQGSXWWRGHDWK
E\WUHDFKHU\LQDWWKHDJHRIHLJKW\(G
:HOOZKDWLV+DLGHHWR$OL7HSHOLQL"
0HUHO\KLVGDXJKWHU
:KDW"WKHGDXJKWHURI$OL3DVKD"
2I$OL3DVKDDQGWKHEHDXWLIXO9DVLOLNL
$QG\RXUVODYH"
0DIRL\HV
%XWKRZGLGVKHEHFRPHVR"
:K\VLPSO\IURPWKHFLUFXPVWDQFHRIP\KDYLQJERXJKWKHU
RQHGD\DV,ZDVSDVVLQJWKURXJKWKHPDUNHWDW
&RQVWDQWLQRSOH
:RQGHUIXO5HDOO\P\GHDUFRXQW\RXVHHPWRWKURZDVRUW
RIPDJLFLQIOXHQFHRYHUDOOLQZKLFK\RXDUHFRQFHUQHGZKHQ
,OLVWHQWR\RXH[LVWHQFHQRORQJHUVHHPVUHDOLW\EXWD
ZDNLQJGUHDP1RZ,DPSHUKDSVJRLQJWRPDNHDQLPSUXGHQW
DQGWKRXJKWOHVVUHTXHVWEXW
6D\RQ
%XWVLQFH\RXJRRXWZLWK+DLGHHDQGVRPHWLPHVHYHQWDNH
KHUWRWKHRSHUD
:HOO"
,WKLQN,PD\YHQWXUHWRDVN\RXWKLVIDYRU
<RXPD\YHQWXUHWRDVNPHDQ\WKLQJ

971

:HOOWKHQP\GHDUFRXQWSUHVHQWPHWR\RXUSULQFHVV
,ZLOOGRVREXWRQWZRFRQGLWLRQV
,DFFHSWWKHPDWRQFH
7KHILUVWLVWKDW\RXZLOOQHYHUWHOODQ\RQHWKDW,KDYH
JUDQWHGWKHLQWHUYLHZ
9HU\ZHOOVDLG$OEHUWH[WHQGLQJKLVKDQG,VZHDU,
ZLOOQRW
7KHVHFRQGLVWKDW\RXZLOOQRWWHOOKHUWKDW\RXUIDWKHU
HYHUVHUYHGKHUV
,JLYH\RXP\RDWKWKDW,ZLOOQRW
(QRXJKYLVFRXQW\RXZLOOUHPHPEHUWKRVHWZRYRZVZLOO
\RXQRW"%XW,NQRZ\RXWREHDPDQRIKRQRU7KHFRXQW
DJDLQVWUXFNWKHJRQJ$OLUHDSSHDUHG7HOO+DLGHHVDLG
KHWKDW,ZLOOWDNHFRIIHHZLWKKHUDQGJLYHKHUWR
XQGHUVWDQGWKDW,GHVLUHSHUPLVVLRQWRSUHVHQWRQHRIP\
IULHQGVWRKHU$OLERZHGDQGOHIWWKHURRP1RZ
XQGHUVWDQGPHVDLGWKHFRXQWQRGLUHFWTXHVWLRQVP\
GHDU0RUFHUILI\RXZLVKWRNQRZDQ\WKLQJWHOOPHDQG,
ZLOODVNKHU
$JUHHG$OLUHDSSHDUHGIRUWKHWKLUGWLPHDQGGUHZEDFN
WKHWDSHVWULHGKDQJLQJZKLFKFRQFHDOHGWKHGRRUWRVLJQLI\
WRKLVPDVWHUDQG$OEHUWWKDWWKH\ZHUHDWOLEHUW\WRSDVV
RQ/HWXVJRLQVDLG0RQWH&ULVWR
$OEHUWSDVVHGKLVKDQGWKURXJKKLVKDLUDQGFXUOHGKLV
PXVWDFKHWKHQKDYLQJVDWLVILHGKLPVHOIDVWRKLVSHUVRQDO
DSSHDUDQFHIROORZHGWKHFRXQWLQWRWKHURRPWKHODWWHU
KDYLQJSUHYLRXVO\UHVXPHGKLVKDWDQGJORYHV$OLZDV
VWDWLRQHGDVDNLQGRIDGYDQFHGJXDUGDQGWKHGRRUZDVNHSW
E\WKHWKUHH)UHQFKDWWHQGDQWVFRPPDQGHGE\0\UWKR+DLGHH
ZDVDZDLWLQJKHUYLVLWRUVLQWKHILUVWURRPRIKHU
DSDUWPHQWVZKLFKZDVWKHGUDZLQJURRP+HUODUJHH\HVZHUH
GLODWHGZLWKVXUSULVHDQGH[SHFWDWLRQIRULWZDVWKHILUVW
WLPHWKDWDQ\PDQH[FHSW0RQWH&ULVWRKDGEHHQDFFRUGHGDQ
HQWUDQFHLQWRKHUSUHVHQFH6KHZDVVLWWLQJRQDVRIDSODFHG

972

LQDQDQJOHRIWKHURRPZLWKKHUOHJVFURVVHGXQGHUKHULQ
WKH(DVWHUQIDVKLRQDQGVHHPHGWRKDYHPDGHIRUKHUVHOIDV
LWZHUHDNLQGRIQHVWLQWKHULFK,QGLDQVLONVZKLFK
HQYHORSHGKHU1HDUKHUZDVWKHLQVWUXPHQWRQZKLFKVKHKDG
MXVWEHHQSOD\LQJLWZDVHOHJDQWO\IDVKLRQHGDQGZRUWK\RI
LWVPLVWUHVV2QSHUFHLYLQJ0RQWH&ULVWRVKHDURVHDQG
ZHOFRPHGKLPZLWKDVPLOHSHFXOLDUWRKHUVHOIH[SUHVVLYHDW
RQFHRIWKHPRVWLPSOLFLWREHGLHQFHDQGDOVRRIWKHGHHSHVW
ORYH0RQWH&ULVWRDGYDQFHGWRZDUGVKHUDQGH[WHQGHGKLV
KDQGZKLFKVKHDVXVXDOUDLVHGWRKHUOLSV
$OEHUWKDGSURFHHGHGQRIDUWKHUWKDQWKHGRRUZKHUHKH
UHPDLQHGURRWHGWRWKHVSRWEHLQJFRPSOHWHO\IDVFLQDWHGE\
WKHVLJKWRIVXFKVXUSDVVLQJEHDXW\EHKHOGDVLWZDVIRU
WKHILUVWWLPHDQGRIZKLFKDQLQKDELWDQWRIPRUHQRUWKHUQ
FOLPHVFRXOGIRUPQRDGHTXDWHLGHD
:KRPGR\RXEULQJ"DVNHGWKH\RXQJJLUOLQ5RPDLFRI
0RQWH&ULVWRLVLWDIULHQGDEURWKHUDVLPSOH
DFTXDLQWDQFHRUDQHQHP\
$IULHQGVDLG0RQWH&ULVWRLQWKHVDPHODQJXDJH
:KDWLVKLVQDPH"
&RXQW$OEHUWLWLVWKHVDPHPDQZKRP,UHVFXHGIURPWKH
KDQGVRIWKHEDQGLWWLDW5RPH
,QZKDWODQJXDJHZRXOG\RXOLNHPHWRFRQYHUVHZLWKKLP"
0RQWH&ULVWRWXUQHGWR$OEHUW'R\RXNQRZPRGHUQ*UHHN
DVNHGKH
$ODVQRVDLG$OEHUWQRUHYHQDQFLHQW*UHHNP\GHDU
FRXQWQHYHUKDG+RPHURU3ODWRDPRUHXQZRUWK\VFKRODUWKDQ
P\VHOI
7KHQVDLG+DLGHHSURYLQJE\KHUUHPDUNWKDWVKHKDG
TXLWHXQGHUVWRRG0RQWH&ULVWR
VTXHVWLRQDQG$OEHUW
V
DQVZHUWKHQ,ZLOOVSHDNHLWKHULQ)UHQFKRU,WDOLDQLI
P\ORUGVRZLOOVLW
0RQWH&ULVWRUHIOHFWHGRQHLQVWDQW<RXZLOOVSHDNLQ
,WDOLDQVDLGKH7KHQWXUQLQJWRZDUGV$OEHUW,WLVD

973

SLW\\RXGRQRWXQGHUVWDQGHLWKHUDQFLHQWRUPRGHUQ*UHHN
ERWKRIZKLFK+DLGHHVSHDNVVRIOXHQWO\WKHSRRUFKLOGZLOO
EHREOLJHGWRWDONWR\RXLQ,WDOLDQZKLFKZLOOJLYH\RX
EXWDYHU\IDOVHLGHDRIKHUSRZHUVRIFRQYHUVDWLRQ7KH
FRXQWPDGHDVLJQWR+DLGHHWRDGGUHVVKLVYLVLWRU6LU
VKHVDLGWR0RUFHUI\RXDUHPRVWZHOFRPHDVWKHIULHQGRI
P\ORUGDQGPDVWHU7KLVZDVVDLGLQH[FHOOHQW7XVFDQDQG
ZLWKWKDWVRIW5RPDQDFFHQWZKLFKPDNHVWKHODQJXDJHRI
'DQWHDVVRQRURXVDVWKDWRI+RPHU7KHQWXUQLQJWR$OL
VKHGLUHFWHGKLPWREULQJFRIIHHDQGSLSHVDQGZKHQKHKDG
OHIWWKHURRPWRH[HFXWHWKHRUGHUVRIKLV\RXQJPLVWUHVV
VKHEHFNRQHG$OEHUWWRDSSURDFKQHDUHUWRKHU0RQWH&ULVWR
DQG0RUFHUIGUHZWKHLUVHDWVWRZDUGVDVPDOOWDEOHRQZKLFK
ZHUHDUUDQJHGPXVLFGUDZLQJVDQGYDVHVRIIORZHUV$OL
WKHQHQWHUHGEULQJLQJFRIIHHDQGFKLERXTXHVDVWR0
%DSWLVWLQWKLVSRUWLRQRIWKHEXLOGLQJZDVLQWHUGLFWHGWR
KLP$OEHUWUHIXVHGWKHSLSHZKLFKWKH1XELDQRIIHUHGKLP
2KWDNHLWWDNHLWVDLGWKHFRXQW+DLGHHLVDOPRVW
DVFLYLOL]HGDVD3DULVLDQWKHVPHOORIDQ+DYDQDLV
GLVDJUHHDEOHWRKHUEXWWKHWREDFFRRIWKH(DVWLVDPRVW
GHOLFLRXVSHUIXPH\RXNQRZ
$OLOHIWWKHURRP7KHFXSVRIFRIIHHZHUHDOOSUHSDUHG
ZLWKWKHDGGLWLRQRIVXJDUZKLFKKDGEHHQEURXJKWIRU
$OEHUW0RQWH&ULVWRDQG+DLGHHWRRNWKHEHYHUDJHLQWKH
RULJLQDO$UDELDQPDQQHUWKDWLVWRVD\ZLWKRXWVXJDU
+DLGHHWRRNWKHSRUFHODLQFXSLQKHUOLWWOHVOHQGHUILQJHUV
DQGFRQYH\HGLWWRKHUPRXWKZLWKDOOWKHLQQRFHQW
DUWOHVVQHVVRIDFKLOGZKHQHDWLQJRUGULQNLQJVRPHWKLQJ
ZKLFKLWOLNHV$WWKLVPRPHQWWZRZRPHQHQWHUHGEULQJLQJ
VDOYHUVILOOHGZLWKLFHVDQGVKHUEHWZKLFKWKH\SODFHGRQ
WZRVPDOOWDEOHVDSSURSULDWHGWRWKDWSXUSRVH0\GHDU
KRVWDQG\RXVLJQRUDVDLG$OEHUWLQ,WDOLDQH[FXVHP\
DSSDUHQWVWXSLGLW\,DPTXLWHEHZLOGHUHGDQGLWLVQDWXUDO
WKDWLWVKRXOGEHVR+HUH,DPLQWKHKHDUWRI3DULVEXWD
PRPHQWDJR,KHDUGWKHUXPEOLQJRIWKHRPQLEXVHVDQGWKH
WLQNOLQJRIWKHEHOOVRIWKHOHPRQDGHVHOOHUVDQGQRZ,
IHHODVLI,ZHUHVXGGHQO\WUDQVSRUWHGWRWKH(DVWQRWVXFK
DV,KDYHVHHQLWEXWVXFKDVP\GUHDPVKDYHSDLQWHGLW
2KVLJQRUDLI,FRXOGEXWVSHDN*UHHN\RXUFRQYHUVDWLRQ
DGGHGWRWKHIDLU\VFHQHZKLFKVXUURXQGVPHZRXOGIXUQLVK
DQHYHQLQJRIVXFKGHOLJKWDVLWZRXOGEHLPSRVVLEOHIRUPH
HYHUWRIRUJHW

974

,VSHDNVXIILFLHQW,WDOLDQWRHQDEOHPHWRFRQYHUVHZLWK
\RXVLUVDLG+DLGHHTXLHWO\DQGLI\RXOLNHZKDWLV
(DVWHUQ,ZLOOGRP\EHVWWRVHFXUHWKHJUDWLILFDWLRQRI
\RXUWDVWHVZKLOH\RXDUHKHUH
2QZKDWVXEMHFWVKDOO,FRQYHUVHZLWKKHU"VDLG$OEHUWLQ
DORZWRQHWR0RQWH&ULVWR
-XVWZKDW\RXSOHDVH\RXPD\VSHDNRIKHUFRXQWU\DQGRI
KHU\RXWKIXOUHPLQLVFHQFHVRULI\RXOLNHLWEHWWHU\RXFDQ
WDONRI5RPH1DSOHVRU)ORUHQFH
2KVDLG$OEHUWLWLVRIQRXVHWREHLQWKHFRPSDQ\RI
D*UHHNLIRQHFRQYHUVHVMXVWLQWKHVDPHVW\OHDVZLWKD
3DULVLDQOHWPHVSHDNWRKHURIWKH(DVW
'RVRWKHQIRURIDOOWKHPHVZKLFK\RXFRXOGFKRRVHWKDW
ZLOOEHWKHPRVWDJUHHDEOHWRKHUWDVWH$OEHUWWXUQHG
WRZDUGV+DLGHH$WZKDWDJHGLG\RXOHDYH*UHHFHVLJQRUD"
DVNHGKH
,OHIWLWZKHQ,ZDVEXWILYH\HDUVROGUHSOLHG+DLGHH
$QGKDYH\RXDQ\UHFROOHFWLRQRI\RXUFRXQWU\"
:KHQ,VKXWP\H\HVDQGWKLQN,VHHPWRVHHLWDOODJDLQ
7KHPLQGFDQVHHDVZHOODVWKHERG\7KHERG\IRUJHWV
VRPHWLPHVEXWWKHPLQGQHYHUIRUJHWV
$QGKRZIDUEDFNLQWRWKHSDVWGR\RXUUHFROOHFWLRQV
H[WHQG"
,FRXOGVFDUFHO\ZDONZKHQP\PRWKHUZKRZDVFDOOHG
9DVLOLNLZKLFKPHDQVUR\DOVDLGWKH\RXQJJLUOWRVVLQJ
KHUKHDGSURXGO\WRRNPHE\WKHKDQGDQGDIWHUSXWWLQJLQ
RXUSXUVHDOOWKHPRQH\ZHSRVVHVVHGZHZHQWRXWERWK
FRYHUHGZLWKYHLOVWRVROLFLWDOPVIRUWKHSULVRQHUV
VD\LQJC+HZKRJLYHWKWRWKHSRRUOHQGHWKWRWKH/RUG

7KHQZKHQRXUSXUVHZDVIXOOZHUHWXUQHGWRWKHSDODFHDQG
ZLWKRXWVD\LQJDZRUGWRP\IDWKHUZHVHQWLWWRWKH
FRQYHQWZKHUHLWZDVGLYLGHGDPRQJVWWKHSULVRQHUV
$QGKRZROGZHUH\RXDWWKDWWLPH"

975

,ZDVWKUHH\HDUVROGVDLG+DLGHH
7KHQ\RXUHPHPEHUHYHU\WKLQJWKDWZHQWRQDERXW\RXIURP
WKHWLPHZKHQ\RXZHUHWKUHH\HDUVROG"VDLG$OEHUW
(YHU\WKLQJ
&RXQWVDLG$OEHUWLQDORZWRQHWR0RQWH&ULVWRGR
DOORZWKHVLJQRUDWRWHOOPHVRPHWKLQJRIKHUKLVWRU\<RX
SURKLELWHGP\PHQWLRQLQJP\IDWKHU
VQDPHWRKHUEXW
SHUKDSVVKHZLOODOOXGHWRKLPRIKHURZQDFFRUGLQWKH
FRXUVHRIWKHUHFLWDODQG\RXKDYHQRLGHDKRZGHOLJKWHG,
VKRXOGEHWRKHDURXUQDPHSURQRXQFHGE\VXFKEHDXWLIXO
OLSV0RQWH&ULVWRWXUQHGWR+DLGHHDQGZLWKDQH[SUHVVLRQ
RIFRXQWHQDQFHZKLFKFRPPDQGHGKHUWRSD\WKHPRVWLPSOLFLW
DWWHQWLRQWRKLVZRUGVKHVDLGLQ*UHHN7HOOXVWKH
IDWHRI\RXUIDWKHUEXWQHLWKHUWKHQDPHRIWKHWUDLWRUQRU
WKHWUHDVRQ+DLGHHVLJKHGGHHSO\DQGDVKDGHRIVDGQHVV
FORXGHGKHUEHDXWLIXOEURZ
:KDWDUH\RXVD\LQJWRKHU"VDLG0RUFHUILQDQXQGHUWRQH
,DJDLQUHPLQGHGKHUWKDW\RXZHUHDIULHQGDQGWKDWVKH
QHHGQRWFRQFHDODQ\WKLQJIURP\RX
7KHQVDLG$OEHUWWKLVSLRXVSLOJULPDJHLQEHKDOIRIWKH
SULVRQHUVZDV\RXUILUVWUHPHPEUDQFHZKDWLVWKHQH[W"
2KWKHQ,UHPHPEHUDVLILWZHUHEXW\HVWHUGD\VLWWLQJ
XQGHUWKHVKDGHRIVRPHV\FDPRUHWUHHVRQWKHERUGHUVRID
ODNHLQWKHZDWHUVRIZKLFKWKHWUHPEOLQJIROLDJHZDV
UHIOHFWHGDVLQDPLUURU8QGHUWKHROGHVWDQGWKLFNHVWRI
WKHVHWUHHVUHFOLQLQJRQFXVKLRQVVDWP\IDWKHUP\PRWKHU
ZDVDWKLVIHHWDQG,FKLOGOLNHDPXVHGP\VHOIE\SOD\LQJ
ZLWKKLVORQJZKLWHEHDUGZKLFKGHVFHQGHGWRKLVJLUGOHRU
ZLWKWKHGLDPRQGKLOWRIWKHVFLPLWDUDWWDFKHGWRKLV
JLUGOH7KHQIURPWLPHWRWLPHWKHUHFDPHWRKLPDQ$OEDQLDQ
ZKRVDLGVRPHWKLQJWRZKLFK,SDLGQRDWWHQWLRQEXWZKLFK
KHDOZD\VDQVZHUHGLQWKHVDPHWRQHRIYRLFHHLWKHUC.LOO

RUC3DUGRQ

,WLVYHU\VWUDQJHVDLG$OEHUWWRKHDUVXFKZRUGV
SURFHHGIURPWKHPRXWKRIDQ\RQHEXWDQDFWUHVVRQWKH
VWDJHDQGRQHQHHGVFRQVWDQWO\WREHVD\LQJWRRQH
VVHOI

976

C7KLVLVQRILFWLRQLWLVDOOUHDOLW\
LQRUGHUWREHOLHYH
LW$QGKRZGRHV)UDQFHDSSHDULQ\RXUH\HVDFFXVWRPHGDV
WKH\KDYHEHHQWRJD]HRQVXFKHQFKDQWHGVFHQHV"
,WKLQNLWLVDILQHFRXQWU\VDLG+DLGHHEXW,VHH
)UDQFHDVLWUHDOO\LVEHFDXVH,ORRNRQLWZLWKWKHH\HV
RIDZRPDQZKHUHDVP\RZQFRXQWU\ZKLFK,FDQRQO\MXGJH
RIIURPWKHLPSUHVVLRQSURGXFHGRQP\FKLOGLVKPLQGDOZD\V
VHHPVHQYHORSHGLQDYDJXHDWPRVSKHUHZKLFKLVOXPLQRXVRU
RWKHUZLVHDFFRUGLQJDVP\UHPHPEUDQFHVRILWDUHVDGRU
MR\RXV
6R\RXQJVDLG$OEHUWIRUJHWWLQJDWWKHPRPHQWWKH
&RXQW
VFRPPDQGWKDWKHVKRXOGDVNQRTXHVWLRQVRIWKHVODYH
KHUVHOILVLWSRVVLEOHWKDW\RXFDQKDYHNQRZQZKDW
VXIIHULQJLVH[FHSWE\QDPH"
+DLGHHWXUQHGKHUH\HVWRZDUGV0RQWH&ULVWRZKRPDNLQJDW
WKHVDPHWLPHVRPHLPSHUFHSWLEOHVLJQPXUPXUHG*RRQ
1RWKLQJLVHYHUVRILUPO\LPSUHVVHGRQWKHPLQGDVWKH
PHPRU\RIRXUHDUO\FKLOGKRRGDQGZLWKWKHH[FHSWLRQRIWKH
WZRVFHQHV,KDYHMXVWGHVFULEHGWR\RXDOOP\HDUOLHVW
UHPLQLVFHQFHVDUHIUDXJKWZLWKGHHSHVWVDGQHVV
6SHDNVSHDNVLJQRUDVDLG$OEHUW,DPOLVWHQLQJZLWK
WKHPRVWLQWHQVHGHOLJKWDQGLQWHUHVWWRDOO\RXVD\
+DLGHHDQVZHUHGKLVUHPDUNZLWKDPHODQFKRO\VPLOH<RX
ZLVKPHWKHQWRUHODWHWKHKLVWRU\RIP\SDVWVRUURZV"
VDLGVKH
,EHJ\RXWRGRVRUHSOLHG$OEHUW
:HOO,ZDVEXWIRXU\HDUVROGZKHQRQHQLJKW,ZDV
VXGGHQO\DZDNHQHGE\P\PRWKHU:HZHUHLQWKHSDODFHRI
<DQLQDVKHVQDWFKHGPHIURPWKHFXVKLRQVRQZKLFK,ZDV
VOHHSLQJDQGRQRSHQLQJP\H\HV,VDZKHUVILOOHGZLWK
WHDUV6KHWRRNPHDZD\ZLWKRXWVSHDNLQJ:KHQ,VDZKHU
ZHHSLQJ,EHJDQWRFU\WRRC+XVKFKLOG
VDLGVKH$W
RWKHUWLPHVLQVSLWHRIPDWHUQDOHQGHDUPHQWVRUWKUHDWV,
KDGZLWKDFKLOG
VFDSULFHEHHQDFFXVWRPHGWRLQGXOJHP\
IHHOLQJVRIVRUURZRUDQJHUE\FU\LQJDVPXFKDV,IHOW
LQFOLQHGEXWRQWKLVRFFDVLRQWKHUHZDVDQLQWRQDWLRQRI

977

VXFKH[WUHPHWHUURULQP\PRWKHU
VYRLFHZKHQVKHHQMRLQHG
PHWRVLOHQFHWKDW,FHDVHGFU\LQJDVVRRQDVKHUFRPPDQG
ZDVJLYHQ6KHERUHPHUDSLGO\DZD\
,VDZWKHQWKDWZHZHUHGHVFHQGLQJDODUJHVWDLUFDVH
DURXQGXVZHUHDOOP\PRWKHU
VVHUYDQWVFDUU\LQJWUXQNV
EDJVRUQDPHQWVMHZHOVSXUVHVRIJROGZLWKZKLFKWKH\
ZHUHKXUU\LQJDZD\LQWKHJUHDWHVWGLVWUDFWLRQ
%HKLQGWKHZRPHQFDPHDJXDUGRIWZHQW\PHQDUPHGZLWKORQJ
JXQVDQGSLVWROVDQGGUHVVHGLQWKHFRVWXPHZKLFKWKH
*UHHNVKDYHDVVXPHGVLQFHWKH\KDYHDJDLQEHFRPHDQDWLRQ
<RXPD\LPDJLQHWKHUHZDVVRPHWKLQJVWDUWOLQJDQGRPLQRXV
VDLG+DLGHHVKDNLQJKHUKHDGDQGWXUQLQJSDOHDWWKHPHUH
UHPHPEUDQFHRIWKHVFHQHLQWKLVORQJILOHRIVODYHVDQG
ZRPHQRQO\KDOIDURXVHGIURPVOHHSRUDWOHDVWVRWKH\
DSSHDUHGWRPHZKRZDVP\VHOIVFDUFHO\DZDNH+HUHDQG
WKHUHRQWKHZDOOVRIWKHVWDLUFDVHZHUHUHIOHFWHGJLJDQWLF
VKDGRZVZKLFKWUHPEOHGLQWKHIOLFNHULQJOLJKWRIWKH
SLQHWRUFKHVWLOOWKH\VHHPHGWRUHDFKWRWKHYDXOWHGURRI
DERYH
C4XLFN
VDLGDYRLFHDWWKHHQGRIWKHJDOOHU\7KLVYRLFH
PDGHHYHU\RQHERZEHIRUHLWUHVHPEOLQJLQLWVHIIHFWWKH
ZLQGSDVVLQJRYHUDILHOGRIZKHDWE\LWVVXSHULRUVWUHQJWK
IRUFLQJHYHU\HDUWR\LHOGREHLVDQFH$VIRUPHLWPDGHPH
WUHPEOH7KLVYRLFHZDVWKDWRIP\IDWKHU+HFDPHODVW
FORWKHGLQKLVVSOHQGLGUREHVDQGKROGLQJLQKLVKDQGWKH
FDUELQHZKLFK\RXUHPSHURUSUHVHQWHGKLP+HZDVOHDQLQJRQ
WKHVKRXOGHURIKLVIDYRULWH6HOLPDQGKHGURYHXVDOO
EHIRUHKLPDVDVKHSKHUGZRXOGKLVVWUDJJOLQJIORFN0\
IDWKHUVDLG+DLGHHUDLVLQJKHUKHDGZDVWKDW
LOOXVWULRXVPDQNQRZQLQ(XURSHXQGHUWKHQDPHRI$OL
7HSHOLQLSDVKDRI<DQLQDDQGEHIRUHZKRP7XUNH\WUHPEOHG
$OEHUWZLWKRXWNQRZLQJZK\VWDUWHGRQKHDULQJWKHVHZRUGV
SURQRXQFHGZLWKVXFKDKDXJKW\DQGGLJQLILHGDFFHQWLW
DSSHDUHGWRKLPDVLIWKHUHZDVVRPHWKLQJVXSHUQDWXUDOO\
JORRP\DQGWHUULEOHLQWKHH[SUHVVLRQZKLFKJOHDPHGIURPWKH
EULOOLDQWH\HVRI+DLGHHDWWKLVPRPHQWVKHDSSHDUHGOLNHD
3\WKRQHVVHYRNLQJDVSHFWUHDVVKHUHFDOOHGWRKLVPLQGWKH
UHPHPEUDQFHRIWKHIHDUIXOGHDWKRIWKLVPDQWRWKHQHZVRI
ZKLFKDOO(XURSHKDGOLVWHQHGZLWKKRUURU6RRQVDLG
+DLGHHZHKDOWHGRQRXUPDUFKDQGIRXQGRXUVHOYHVRQWKH

978

ERUGHUVRIDODNH0\PRWKHUSUHVVHGPHWRKHUWKUREELQJ
KHDUWDQGDWWKHGLVWDQFHRIDIHZSDFHV,VDZP\IDWKHU
ZKRZDVJODQFLQJDQ[LRXVO\DURXQG)RXUPDUEOHVWHSVOHG
GRZQWRWKHZDWHU
VHGJHDQGEHORZWKHPZDVDERDWIORDWLQJ
RQWKHWLGH
)URPZKHUHZHVWRRG,FRXOGVHHLQWKHPLGGOHRIWKHODNHD
ODUJHEODQNPDVVLWZDVWKHNLRVNWRZKLFKZHZHUHJRLQJ
7KLVNLRVNDSSHDUHGWRPHWREHDWDFRQVLGHUDEOHGLVWDQFH
SHUKDSVRQDFFRXQWRIWKHGDUNQHVVRIWKHQLJKWZKLFK
SUHYHQWHGDQ\REMHFWIURPEHLQJPRUHWKDQSDUWLDOO\
GLVFHUQHG:HVWHSSHGLQWRWKHERDW,UHPHPEHUZHOOWKDW
WKHRDUVPDGHQRQRLVHZKDWHYHULQVWULNLQJWKHZDWHUDQG
ZKHQ,OHDQHGRYHUWRDVFHUWDLQWKHFDXVH,VDZWKDWWKH\
ZHUHPXIIOHGZLWKWKHVDVKHVRIRXU3DOLNDUHV %HVLGHVWKH
URZHUVWKHERDWFRQWDLQHGRQO\WKHZRPHQP\IDWKHU
PRWKHU6HOLPDQGP\VHOI7KH3DOLNDUHVKDGUHPDLQHGRQWKH
VKRUHRIWKHODNHUHDG\WRFRYHURXUUHWUHDWWKH\ZHUH
NQHHOLQJRQWKHORZHVWRIWKHPDUEOHVWHSVDQGLQWKDW
PDQQHULQWHQGHGPDNLQJDUDPSDUWRIWKHWKUHHRWKHUVLQ
FDVHRISXUVXLW2XUEDUNIOHZEHIRUHWKHZLQGC:K\GRHV
WKHERDWJRVRIDVW"
DVNHG,RIP\PRWKHU
*UHHNPLOLWLDPHQLQWKHZDUIRULQGHSHQGHQFH(G
C6LOHQFHFKLOG+XVKZHDUHIO\LQJ
,GLGQRW
XQGHUVWDQG:K\VKRXOGP\IDWKHUIO\"KHWKH
DOOSRZHUIXOKHEHIRUHZKRPRWKHUVZHUHDFFXVWRPHGWR
IO\KHZKRKDGWDNHQIRUKLVGHYLFHC7KH\KDWHPHWKHQ
WKH\IHDUPH
,WZDVLQGHHGDIOLJKWZKLFKP\IDWKHUZDV
WU\LQJWRHIIHFW,KDYHEHHQWROGVLQFHWKDWWKHJDUULVRQ
RIWKHFDVWOHRI<DQLQDIDWLJXHGZLWKORQJVHUYLFH
+HUH+DLGHHFDVWDVLJQLILFDQWJODQFHDW0RQWH&ULVWRZKRVH
H\HVKDGEHHQULYHWHGRQKHUFRXQWHQDQFHGXULQJWKHZKROH
FRXUVHRIKHUQDUUDWLYH7KH\RXQJJLUOWKHQFRQWLQXHG
VSHDNLQJVORZO\OLNHDSHUVRQZKRLVHLWKHULQYHQWLQJRU
VXSSUHVVLQJVRPHIHDWXUHRIWKHKLVWRU\ZKLFKKHLV
UHODWLQJ<RXZHUHVD\LQJVLJQRUDVDLG$OEHUWZKRZDV
SD\LQJWKHPRVWLPSOLFLWDWWHQWLRQWRWKHUHFLWDOWKDWWKH
JDUULVRQRI<DQLQDIDWLJXHGZLWKORQJVHUYLFH
+DGWUHDWHGZLWKWKH6HUDVNHU .RRUVKLGZKRKDGEHHQVHQW
E\WKHVXOWDQWRJDLQSRVVHVVLRQRIWKHSHUVRQRIP\IDWKHU

979

LWZDVWKHQWKDW$OL7HSHOLQLDIWHUKDYLQJVHQWWRWKH
VXOWDQD)UHQFKRIILFHULQZKRPKHUHSRVHGJUHDWFRQILGHQFH
UHVROYHGWRUHWLUHWRWKHDV\OXPZKLFKKHKDGORQJEHIRUH
SUHSDUHGIRUKLPVHOIDQGZKLFKKHFDOOHGNDWDSK\JLRQRU
WKHUHIXJH
$QGWKLVRIILFHUDVNHG$OEHUWGR\RXUHPHPEHUKLVQDPH
VLJQRUD"0RQWH&ULVWRH[FKDQJHGDUDSLGJODQFHZLWKWKH
\RXQJJLUOZKLFKZDVTXLWHXQSHUFHLYHGE\$OEHUW1R
VDLGVKH,GRQRWUHPHPEHULWMXVWDWWKLVPRPHQWEXWLI
LWVKRXOGRFFXUWRPHSUHVHQWO\,ZLOOWHOO\RX$OEHUW
ZDVRQWKHSRLQWRISURQRXQFLQJKLVIDWKHU
VQDPHZKHQ
0RQWH&ULVWRJHQWO\KHOGXSKLVILQJHULQWRNHQRIUHSURDFK
WKH\RXQJPDQUHFROOHFWHGKLVSURPLVHDQGZDVVLOHQW
$7XUNLVKSDVKDLQFRPPDQGRIWKHWURRSVRIDSURYLQFH
(G
,WZDVWRZDUGVWKLVNLRVNWKDWZHZHUHURZLQJ$
JURXQGIORRURUQDPHQWHGZLWKDUDEHVTXHVEDWKLQJLWV
WHUUDFHVLQWKHZDWHUDQGDQRWKHUIORRUORRNLQJRQWKH
ODNHZDVDOOZKLFKZDVYLVLEOHWRWKHH\H%XWEHQHDWKWKH
JURXQGIORRUVWUHWFKLQJRXWLQWRWKHLVODQGZDVDODUJH
VXEWHUUDQHDQFDYHUQWRZKLFKP\PRWKHUP\VHOIDQGWKH
ZRPHQZHUHFRQGXFWHG,QWKLVSODFHZHUHWRJHWKHU
SRXFKHVDQGEDUUHOVWKHSRXFKHVFRQWDLQHGRI
PRQH\LQJROGDQGWKHEDUUHOVZHUHILOOHGZLWK
SRXQGVRIJXQSRZGHU
1HDUWKHEDUUHOVVWRRG6HOLPP\IDWKHU
VIDYRULWHZKRP,
PHQWLRQHGWR\RXMXVWQRZ+HVWRRGZDWFKGD\DQGQLJKWZLWK
DODQFHSURYLGHGZLWKDOLJKWHGVORZPDWFKLQKLVKDQGDQG
KHKDGRUGHUVWREORZXSHYHU\WKLQJNLRVNJXDUGVZRPHQ
JROGDQG$OL7HSHOLQLKLPVHOIDWWKHILUVWVLJQDOJLYHQ
E\P\IDWKHU,UHPHPEHUZHOOWKDWWKHVODYHVFRQYLQFHGRI
WKHSUHFDULRXVWHQXUHRQZKLFKWKH\KHOGWKHLUOLYHVSDVVHG
ZKROHGD\VDQGQLJKWVLQSUD\LQJFU\LQJDQGJURDQLQJ$V
IRUPH,FDQQHYHUIRUJHWWKHSDOHFRPSOH[LRQDQGEODFN
H\HVRIWKH\RXQJVROGLHUDQGZKHQHYHUWKHDQJHORIGHDWK
VXPPRQVPHWRDQRWKHUZRUOG,DPTXLWHVXUH,VKDOO
UHFRJQL]H6HOLP,FDQQRWWHOO\RXKRZORQJZHUHPDLQHGLQ
WKLVVWDWHDWWKDWSHULRG,GLGQRWHYHQNQRZZKDWWLPH
PHDQW6RPHWLPHVEXWYHU\UDUHO\P\IDWKHUVXPPRQHGPHDQG
P\PRWKHUWRWKHWHUUDFHRIWKHSDODFHWKHVHZHUHKRXUVRI

980

UHFUHDWLRQIRUPHDV,QHYHUVDZDQ\WKLQJLQWKHGLVPDO
FDYHUQEXWWKHJORRP\FRXQWHQDQFHVRIWKHVODYHVDQG6HOLP
V
ILHU\ODQFH0\IDWKHUZDVHQGHDYRULQJWRSLHUFHZLWKKLV
HDJHUORRNVWKHUHPRWHVWYHUJHRIWKHKRUL]RQH[DPLQLQJ
DWWHQWLYHO\HYHU\EODFNVSHFNZKLFKDSSHDUHGRQWKHODNH
ZKLOHP\PRWKHUUHFOLQLQJE\KLVVLGHUHVWHGKHUKHDGRQ
KLVVKRXOGHUDQG,SOD\HGDWKLVIHHWDGPLULQJHYHU\WKLQJ
,VDZZLWKWKDWXQVRSKLVWLFDWHGLQQRFHQFHRIFKLOGKRRGZKLFK
WKURZVDFKDUPURXQGREMHFWVLQVLJQLILFDQWLQWKHPVHOYHV
EXWZKLFKLQLWVH\HVDUHLQYHVWHGZLWKWKHJUHDWHVW
LPSRUWDQFH7KHKHLJKWVRI3LQGXVWRZHUHGDERYHXVWKH
FDVWOHRI<DQLQDURVHZKLWHDQGDQJXODUIURPWKHEOXHZDWHUV
RIWKHODNHDQGWKHLPPHQVHPDVVHVRIEODFNYHJHWDWLRQ
ZKLFKYLHZHGLQWKHGLVWDQFHJDYHWKHLGHDRIOLFKHQV
FOLQJLQJWRWKHURFNVZHUHLQUHDOLW\JLJDQWLFILUWUHHV
DQGP\UWOHV
2QHPRUQLQJP\IDWKHUVHQWIRUXVP\PRWKHUKDGEHHQ
FU\LQJDOOWKHQLJKWDQGZDVYHU\ZUHWFKHGZHIRXQGWKH
SDVKDFDOPEXWSDOHUWKDQXVXDOC7DNHFRXUDJH9DVLOLNL

VDLGKHCWRGD\DUULYHVWKHILUPDQRIWKHPDVWHUDQGP\
IDWHZLOOEHGHFLGHG,IP\SDUGRQEHFRPSOHWHZHVKDOO
UHWXUQWULXPSKDQWWR<DQLQDLIWKHQHZVEHLQDXVSLFLRXVZH
PXVWIO\WKLVQLJKW
C%XWVXSSRVLQJRXUHQHP\VKRXOGQRW
DOORZXVWRGRVR"
VDLGP\PRWKHUC2KPDNH\RXUVHOIHDV\
RQWKDWKHDG
VDLG$OLVPLOLQJC6HOLPDQGKLVIODPLQJ
ODQFHZLOOVHWWOHWKDWPDWWHU7KH\ZRXOGEHJODGWRVHHPH
GHDGEXWWKH\ZRXOGQRWOLNHWKHPVHOYHVWRGLHZLWKPH

0\PRWKHURQO\DQVZHUHGE\VLJKVWRFRQVRODWLRQVZKLFKVKH
NQHZGLGQRWFRPHIURPP\IDWKHU
VKHDUW6KHSUHSDUHGWKH
LFHGZDWHUZKLFKKHZDVLQWKHKDELWRIFRQVWDQWO\GULQNLQJ
IRUVLQFHKLVVRMRXUQDWWKHNLRVNKHKDGEHHQSDUFKHGE\
WKHPRVWYLROHQWIHYHUDIWHUZKLFKVKHDQRLQWHGKLV
ZKLWHEHDUGZLWKSHUIXPHGRLODQGOLJKWHGKLVFKLERXTXH
ZKLFKKHVRPHWLPHVVPRNHGIRUKRXUVWRJHWKHUTXLHWO\
ZDWFKLQJWKHZUHDWKVRIYDSRUWKDWDVFHQGHGLQVSLUDOFORXGV
DQGJUDGXDOO\PHOWHGDZD\LQWKHVXUURXQGLQJDWPRVSKHUH
3UHVHQWO\KHPDGHVXFKDVXGGHQPRYHPHQWWKDW,ZDV
SDUDO\]HGZLWKIHDU7KHQZLWKRXWWDNLQJKLVH\HVIURPWKH
REMHFWZKLFKKDGILUVWDWWUDFWHGKLVDWWHQWLRQKHDVNHGIRU
KLVWHOHVFRSH0\PRWKHUJDYHLWKLPDQGDVVKHGLGVR
ORRNHGZKLWHUWKDQWKHPDUEOHDJDLQVWZKLFKVKHOHDQHG,
VDZP\IDWKHU
VKDQGWUHPEOHC$ERDWWZRWKUHH

981

PXUPXUHGP\IDWKHUCIRXU
+HWKHQDURVHVHL]LQJKLV
DUPVDQGSULPLQJKLVSLVWROVC9DVLOLNL
VDLGKHWRP\
PRWKHUWUHPEOLQJSHUFHSWLEO\CWKHLQVWDQWDSSURDFKHVZKLFK
ZLOOGHFLGHHYHU\WKLQJ,QWKHVSDFHRIKDOIDQKRXUZH
VKDOONQRZWKHHPSHURU
VDQVZHU*RLQWRWKHFDYHUQZLWK
+DLGHH
C,ZLOOQRWTXLW\RX
VDLG9DVLOLNLCLI\RX
GLHP\ORUG,ZLOOGLHZLWK\RX
C*RWR6HOLP
FULHG
P\IDWKHUC$GLHXP\ORUG
PXUPXUHGP\PRWKHUGHWHUPLQLQJ
TXLHWO\WRDZDLWWKHDSSURDFKRIGHDWKC7DNHDZD\
9DVLOLNL
VDLGP\IDWKHUWRKLV3DOLNDUHV
$VIRUPH,KDGEHHQIRUJRWWHQLQWKHJHQHUDOFRQIXVLRQ,
UDQWRZDUG$OL7HSHOLQLKHVDZPHKROGRXWP\DUPVWRKLP
DQGKHVWRRSHGGRZQDQGSUHVVHGP\IRUHKHDGZLWKKLVOLSV
2KKRZGLVWLQFWO\,UHPHPEHUWKDWNLVVLWZDVWKHODVW
KHHYHUJDYHPHDQG,IHHODVLILWZHUHVWLOOZDUPRQP\
IRUHKHDG2QGHVFHQGLQJZHVDZWKURXJKWKHODWWLFHZRUN
VHYHUDOERDWVZKLFKZHUHJUDGXDOO\EHFRPLQJPRUHGLVWLQFWWR
RXUYLHZ$WILUVWWKH\DSSHDUHGOLNHEODFNVSHFNVDQGQRZ
WKH\ORRNHGOLNHELUGVVNLPPLQJWKHVXUIDFHRIWKHZDYHV
'XULQJWKLVWLPHLQWKHNLRVNDWP\IDWKHU
VIHHWZHUH
VHDWHGWZHQW\3DOLNDUHVFRQFHDOHGIURPYLHZE\DQDQJOHRI
WKHZDOODQGZDWFKLQJZLWKHDJHUH\HVWKHDUULYDORIWKH
ERDWV7KH\ZHUHDUPHGZLWKWKHLUORQJJXQVLQODLGZLWK
PRWKHURISHDUODQGVLOYHUDQGFDUWULGJHVLQJUHDWQXPEHUV
ZHUHO\LQJVFDWWHUHGRQWKHIORRU0\IDWKHUORRNHGDWKLV
ZDWFKDQGSDFHGXSDQGGRZQZLWKDFRXQWHQDQFHH[SUHVVLYH
RIWKHJUHDWHVWDQJXLVK7KLVZDVWKHVFHQHZKLFKSUHVHQWHG
LWVHOIWRP\YLHZDV,TXLWWHGP\IDWKHUDIWHUWKDWODVW
NLVV0\PRWKHUDQG,WUDYHUVHGWKHJORRP\SDVVDJHOHDGLQJ
WRWKHFDYHUQ6HOLPZDVVWLOODWKLVSRVWDQGVPLOHGVDGO\
RQXVDVZHHQWHUHG:HIHWFKHGRXUFXVKLRQVIURPWKHRWKHU
HQGRIWKHFDYHUQDQGVDWGRZQE\6HOLP,QJUHDWGDQJHUV
WKHGHYRWHGRQHVFOLQJWRHDFKRWKHUDQG\RXQJDV,ZDV,
TXLWHXQGHUVWRRGWKDWVRPHLPPLQHQWGDQJHUZDVKDQJLQJRYHU
RXUKHDGV
$OEHUWKDGRIWHQKHDUGQRWIURPKLVIDWKHUIRUKHQHYHU
VSRNHRQWKHVXEMHFWEXWIURPVWUDQJHUVWKHGHVFULSWLRQ
RIWKHODVWPRPHQWVRIWKHYL]LHURI<DQLQDKHKDGUHDG
GLIIHUHQWDFFRXQWVRIKLVGHDWKEXWWKHVWRU\VHHPHGWR
DFTXLUHIUHVKPHDQLQJIURPWKHYRLFHDQGH[SUHVVLRQRIWKH
\RXQJJLUODQGKHUV\PSDWKHWLFDFFHQWDQGWKHPHODQFKRO\
H[SUHVVLRQRIKHUFRXQWHQDQFHDWRQFHFKDUPHGDQGKRUULILHG

982

KLP$VWR+DLGHHWKHVHWHUULEOHUHPLQLVFHQFHVVHHPHGWR
KDYHRYHUSRZHUHGKHUIRUDPRPHQWIRUVKHFHDVHGVSHDNLQJ
KHUKHDGOHDQLQJRQKHUKDQGOLNHDEHDXWLIXOIORZHUERZLQJ
EHQHDWKWKHYLROHQFHRIWKHVWRUPDQGKHUH\HVJD]LQJRQ
YDFDQF\LQGLFDWHGWKDWVKHZDVPHQWDOO\FRQWHPSODWLQJWKH
JUHHQVXPPLWRIWKH3LQGXVDQGWKHEOXHZDWHUVRIWKHODNH
RI<DQLQDZKLFKOLNHDPDJLFPLUURUVHHPHGWRUHIOHFWWKH
VRPEUHSLFWXUHZKLFKVKHVNHWFKHG0RQWH&ULVWRORRNHGDW
KHUZLWKDQLQGHVFULEDEOHH[SUHVVLRQRILQWHUHVWDQGSLW\
*RRQVDLGWKHFRXQWLQWKH5RPDLFODQJXDJH
+DLGHHORRNHGXSDEUXSWO\DVLIWKHVRQRURXVWRQHVRI0RQWH
&ULVWR
VYRLFHKDGDZDNHQHGKHUIURPDGUHDPDQGVKH
UHVXPHGKHUQDUUDWLYH,WZDVDERXWIRXUR
FORFNLQWKH
DIWHUQRRQDQGDOWKRXJKWKHGD\ZDVEULOOLDQWRXWRIGRRUV
ZHZHUHHQYHORSHGLQWKHJORRP\GDUNQHVVRIWKHFDYHUQ2QH
VLQJOHVROLWDU\OLJKWZDVEXUQLQJWKHUHDQGLWDSSHDUHG
OLNHDVWDUVHWLQDKHDYHQRIEODFNQHVVLWZDV6HOLP
V
IODPLQJODQFH0\PRWKHUZDVD&KULVWLDQDQGVKHSUD\HG
6HOLPUHSHDWHGIURPWLPHWRWLPHWKHVDFUHGZRUGVC*RGLV
JUHDW
+RZHYHUP\PRWKHUKDGVWLOOVRPHKRSH$VVKHZDV
FRPLQJGRZQVKHWKRXJKWVKHUHFRJQL]HGWKH)UHQFKRIILFHU
ZKRKDGEHHQVHQWWR&RQVWDQWLQRSOHDQGLQZKRPP\IDWKHU
SODFHGVRPXFKFRQILGHQFHIRUKHNQHZWKDWDOOWKHVROGLHUV
RIWKH)UHQFKHPSHURUZHUHQDWXUDOO\QREOHDQGJHQHURXV6KH
DGYDQFHGVRPHVWHSVWRZDUGVWKHVWDLUFDVHDQGOLVWHQHG
C7KH\DUHDSSURDFKLQJ
VDLGVKHCSHUKDSVWKH\EULQJXV
SHDFHDQGOLEHUW\
C:KDWGR\RXIHDU9DVLOLNL"
VDLG
6HOLPLQDYRLFHDWRQFHVRJHQWOHDQG\HWVRSURXGC,I
WKH\GRQRWEULQJXVSHDFHZHZLOOJLYHWKHPZDULIWKH\
GRQRWEULQJOLIHZHZLOOJLYHWKHPGHDWK
$QGKHUHQHZHG
WKHIODPHRIKLVODQFHZLWKDJHVWXUHZKLFKPDGHRQHWKLQN
RI'LRQ\VXVRI&UHWH %XW,EHLQJRQO\DOLWWOHFKLOGZDV
WHUULILHGE\WKLVXQGDXQWHGFRXUDJHZKLFKDSSHDUHGWRPH
ERWKIHURFLRXVDQGVHQVHOHVVDQG,UHFRLOHGZLWKKRUURU
IURPWKHLGHDRIWKHIULJKWIXOGHDWKDPLGVWILUHDQGIODPHV
ZKLFKSUREDEO\DZDLWHGXV
7KHJRGRIIUXLWIXOQHVVLQ*UHFLDQP\WKRORJ\,Q&UHWHKH
ZDVVXSSRVHGWREHVODLQLQZLQWHUZLWKWKHGHFD\RI
YHJHWDWLRQDQGWRUHYLYHLQWKHVSULQJ+DLGHH
VOHDUQHG
UHIHUHQFHLVWRWKHEHKDYLRURIDQDFWRULQWKH'LRQ\VLDQ
IHVWLYDOV(G

983

0\PRWKHUH[SHULHQFHGWKHVDPHVHQVDWLRQVIRU,IHOWKHU
WUHPEOHC0DPPDPDPPD
VDLG,CDUHZHUHDOO\WREH
NLOOHG"
$QGDWWKHVRXQGRIP\YRLFHWKHVODYHVUHGRXEOHG
WKHLUFULHVDQGSUD\HUVDQGODPHQWDWLRQVC0\FKLOG
VDLG
9DVLOLNLCPD\*RGSUHVHUYH\RXIURPHYHUZLVKLQJIRUWKDW
GHDWKZKLFKWRGD\\RXVRPXFKGUHDG
7KHQZKLVSHULQJWR
6HOLPVKHDVNHGZKDWZHUHKHUPDVWHU
VRUGHUVC,IKHVHQG
PHKLVSRQLDUGLWZLOOVLJQLI\WKDWWKHHPSHURU
V
LQWHQWLRQVDUHQRWIDYRUDEOHDQG,DPWRVHWILUHWRWKH
SRZGHULIRQWKHFRQWUDU\KHVHQGPHKLVULQJLWZLOOEH
DVLJQWKDWWKHHPSHURUSDUGRQVKLPDQG,DPWRH[WLQJXLVK
WKHPDWFKDQGOHDYHWKHPDJD]LQHXQWRXFKHG
C0\IULHQG

VDLGP\PRWKHUCZKHQ\RXUPDVWHU
VRUGHUVDUULYHLILWLV
WKHSRQLDUGZKLFKKHVHQGVLQVWHDGRIGHVSDWFKLQJXVE\
WKDWKRUULEOHGHDWKZKLFKZHERWKVRPXFKGUHDG\RXZLOO
PHUFLIXOO\NLOOXVZLWKWKLVVDPHSRQLDUGZLOO\RXQRW"

C<HV9DVLOLNL
UHSOLHG6HOLPWUDQTXLOO\
6XGGHQO\ZHKHDUGORXGFULHVDQGOLVWHQLQJGLVFHUQHG
WKDWWKH\ZHUHFULHVRIMR\7KHQDPHRIWKH)UHQFKRIILFHU
ZKRKDGEHHQVHQWWR&RQVWDQWLQRSOHUHVRXQGHGRQDOOVLGHV
DPRQJVWRXU3DOLNDUHVLWZDVHYLGHQWWKDWKHEURXJKWWKH
DQVZHURIWKHHPSHURUDQGWKDWLWZDVIDYRUDEOH
$QGGR\RXQRWUHPHPEHUWKH)UHQFKPDQ
VQDPH"VDLG
0RUFHUITXLWHUHDG\WRDLGWKHPHPRU\RIWKHQDUUDWRU
0RQWH&ULVWRPDGHDVLJQWRKLPWREHVLOHQW
,GRQRWUHFROOHFWLWVDLG+DLGHH
7KHQRLVHLQFUHDVHGVWHSVZHUHKHDUGDSSURDFKLQJQHDUHU
DQGQHDUHUWKH\ZHUHGHVFHQGLQJWKHVWHSVOHDGLQJWRWKH
FDYHUQ6HOLPPDGHUHDG\KLVODQFH6RRQDILJXUHDSSHDUHG
LQWKHJUD\WZLOLJKWDWWKHHQWUDQFHRIWKHFDYHIRUPHGE\
WKHUHIOHFWLRQRIWKHIHZUD\VRIGD\OLJKWZKLFKKDGIRXQG
WKHLUZD\LQWRWKLVJORRP\UHWUHDWC:KRDUH\RX"
FULHG
6HOLPC%XWZKRHYHU\RXPD\EH,FKDUJH\RXQRWWRDGYDQFH
DQRWKHUVWHS
C/RQJOLYHWKHHPSHURU
VDLGWKHILJXUH
C+HJUDQWVDIXOOSDUGRQWRWKH9L]LHU$OLDQGQRWRQO\
JLYHVKLPKLVOLIHEXWUHVWRUHVWRKLPKLVIRUWXQHDQGKLV
SRVVHVVLRQV
0\PRWKHUXWWHUHGDFU\RIMR\DQGFODVSHGPH
WRKHUERVRPC6WRS
VDLG6HOLPVHHLQJWKDWVKHZDVDERXW
WRJRRXW\RXVHH,KDYHQRW\HWUHFHLYHGWKHULQJ


984

C7UXH
VDLGP\PRWKHU$QGVKHIHOORQKHUNQHHVDWWKH
VDPHWLPHKROGLQJPHXSWRZDUGVKHDYHQDVLIVKHGHVLUHG
ZKLOHSUD\LQJWR*RGLQP\EHKDOIWRUDLVHPHDFWXDOO\WR
KLVSUHVHQFH
$QGIRUWKHVHFRQGWLPH+DLGHHVWRSSHGRYHUFRPHE\VXFK
YLROHQWHPRWLRQWKDWWKHSHUVSLUDWLRQVWRRGXSRQKHUSDOH
EURZDQGKHUVWLIOHGYRLFHVHHPHGKDUGO\DEOHWRILQG
XWWHUDQFHVRSDUFKHGDQGGU\ZHUHKHUWKURDWDQGOLSV
0RQWH&ULVWRSRXUHGDOLWWOHLFHGZDWHULQWRDJODVVDQG
SUHVHQWHGLWWRKHUVD\LQJZLWKDPLOGQHVVLQZKLFKZDV
DOVRDVKDGHRIFRPPDQG&RXUDJH
+DLGHHGULHGKHUH\HVDQGFRQWLQXHG%\WKLVWLPHRXU
H\HVKDELWXDWHGWRWKHGDUNQHVVKDGUHFRJQL]HGWKH
PHVVHQJHURIWKHSDVKDLWZDVDIULHQG6HOLPKDGDOVR
UHFRJQL]HGKLPEXWWKHEUDYH\RXQJPDQRQO\DFNQRZOHGJHG
RQHGXW\ZKLFKZDVWRREH\C,QZKRVHQDPHGR\RXFRPH"

VDLGKHWRKLPC,FRPHLQWKHQDPHRIRXUPDVWHU$OL
7HSHOLQL
C,I\RXFRPHIURP$OLKLPVHOI
VDLG6HOLP
C\RXNQRZZKDW\RXZHUHFKDUJHGWRUHPLWWRPH"
C<HV

VDLGWKHPHVVHQJHUCDQG,EULQJ\RXKLVULQJ
$WWKHVH
ZRUGVKHUDLVHGKLVKDQGDERYHKLVKHDGWRVKRZWKHWRNHQ
EXWLWZDVWRRIDURIIDQGWKHUHZDVQRWOLJKWHQRXJKWR
HQDEOH6HOLPZKHUHKHZDVVWDQGLQJWRGLVWLQJXLVKDQG
UHFRJQL]HWKHREMHFWSUHVHQWHGWRKLVYLHZC,GRQRWVHH
ZKDW\RXKDYHLQ\RXUKDQG
VDLG6HOLPC$SSURDFKWKHQ

VDLGWKHPHVVHQJHUCRU,ZLOOFRPHQHDUHUWR\RXLI\RX
SUHIHULW
C,ZLOODJUHHWRQHLWKHURQHQRUWKHRWKHU

UHSOLHGWKH\RXQJVROGLHUCSODFHWKHREMHFWZKLFK,GHVLUH
WRVHHLQWKHUD\RIOLJKWZKLFKVKLQHVWKHUHDQGUHWLUH
ZKLOH,H[DPLQHLW
C%HLWVR
VDLGWKHHQYR\DQGKH
UHWLUHGDIWHUKDYLQJILUVWGHSRVLWHGWKHWRNHQDJUHHGRQLQ
WKHSODFHSRLQWHGRXWWRKLPE\6HOLP
2KKRZRXUKHDUWVSDOSLWDWHGIRULWGLGLQGHHGVHHPWR
EHDULQJZKLFKZDVSODFHGWKHUH%XWZDVLWP\IDWKHU
V
ULQJ"WKDWZDVWKHTXHVWLRQ6HOLPVWLOOKROGLQJLQKLV
KDQGWKHOLJKWHGPDWFKZDONHGWRZDUGVWKHRSHQLQJLQWKH
FDYHUQDQGDLGHGE\WKHIDLQWOLJKWZKLFKVWUHDPHGLQ
WKURXJKWKHPRXWKRIWKHFDYHSLFNHGXSWKHWRNHQ
C,WLVZHOO
VDLGKHNLVVLQJLWCLWLVP\PDVWHU
V
ULQJ
$QGWKURZLQJWKHPDWFKRQWKHJURXQGKHWUDPSOHGRQ

985

LWDQGH[WLQJXLVKHGLW7KHPHVVHQJHUXWWHUHGDFU\RIMR\
DQGFODSSHGKLVKDQGV$WWKLVVLJQDOIRXUVROGLHUVRIWKH
6HUDVNHU.RRUVKLGVXGGHQO\DSSHDUHGDQG6HOLPIHOOSLHUFHG
E\ILYHEORZV(DFKPDQKDGVWDEEHGKLPVHSDUDWHO\DQG
LQWR[LFDWHGE\WKHLUFULPHWKRXJKVWLOOSDOHZLWKIHDU
WKH\VRXJKWDOORYHUWKHFDYHUQWRGLVFRYHULIWKHUHZDVDQ\
IHDURIILUHDIWHUZKLFKWKH\DPXVHGWKHPVHOYHVE\UROOLQJ
RQWKHEDJVRIJROG$WWKLVPRPHQWP\PRWKHUVHL]HGPHLQ
KHUDUPVDQGKXUU\LQJQRLVHOHVVO\DORQJQXPHURXVWXUQLQJV
DQGZLQGLQJVNQRZQRQO\WRRXUVHOYHVVKHDUULYHGDWD
SULYDWHVWDLUFDVHRIWKHNLRVNZKHUHZDVDVFHQHRI
IULJKWIXOWXPXOWDQGFRQIXVLRQ7KHORZHUURRPVZHUH
HQWLUHO\ILOOHGZLWK.RRUVKLG
VWURRSVWKDWLVWRVD\ZLWK
RXUHQHPLHV-XVWDVP\PRWKHUZDVRQWKHSRLQWRISXVKLQJ
RSHQDVPDOOGRRUZHKHDUGWKHYRLFHRIWKHSDVKDVRXQGLQJ
LQDORXGDQGWKUHDWHQLQJWRQH0\PRWKHUDSSOLHGKHUH\HWR
WKHFUDFNEHWZHHQWKHERDUGV,OXFNLO\IRXQGDVPDOO
RSHQLQJZKLFKDIIRUGHGPHDYLHZRIWKHDSDUWPHQWDQGZKDW
ZDVSDVVLQJZLWKLQC:KDWGR\RXZDQW"
VDLGP\IDWKHUWR
VRPHSHRSOHZKRZHUHKROGLQJDSDSHULQVFULEHGZLWK
FKDUDFWHUVRIJROGC:KDWZHZDQW
UHSOLHGRQHCLVWR
FRPPXQLFDWHWR\RXWKHZLOORIKLVKLJKQHVV'R\RXVHHWKLV
ILUPDQ"
C,GR
VDLGP\IDWKHUC:HOOUHDGLWKH
GHPDQGV\RXUKHDG

0\IDWKHUDQVZHUHGZLWKDORXGODXJKZKLFKZDVPRUH
IULJKWIXOWKDQHYHQWKUHDWVZRXOGKDYHEHHQDQGKHKDGQRW
FHDVHGZKHQWZRUHSRUWVRIDSLVWROZHUHKHDUGKHKDGILUHG
WKHPKLPVHOIDQGKDGNLOOHGWZRPHQ7KH3DOLNDUHVZKR
ZHUHSURVWUDWHGDWP\IDWKHU
VIHHWQRZVSUDQJXSDQG
ILUHGDQGWKHURRPZDVILOOHGZLWKILUHDQGVPRNH$WWKH
VDPHLQVWDQWWKHILULQJEHJDQRQWKHRWKHUVLGHDQGWKH
EDOOVSHQHWUDWHGWKHERDUGVDOOURXQGXV2KKRZQREOHGLG
WKHJUDQGYL]LHUP\IDWKHUORRNDWWKDWPRPHQWLQWKHPLGVW
RIWKHIO\LQJEXOOHWVKLVVFLPLWDULQKLVKDQGDQGKLV
IDFHEODFNHQHGZLWKWKHSRZGHURIKLVHQHPLHVDQGKRZKH
WHUULILHGWKHPHYHQWKHQDQGPDGHWKHPIO\EHIRUHKLP
C6HOLP6HOLP
FULHGKHCJXDUGLDQRIWKHILUHGR\RXU
GXW\
C6HOLPLVGHDG
UHSOLHGDYRLFHZKLFKVHHPHGWR
FRPHIURPWKHGHSWKVRIWKHHDUWKCDQG\RXDUHORVW$OL

$WWKHVDPHPRPHQWDQH[SORVLRQZDVKHDUGDQGWKHIORRULQJ
RIWKHURRPLQZKLFKP\IDWKHUZDVVLWWLQJZDVVXGGHQO\WRUQ
XSDQGVKLYHUHGWRDWRPVWKHWURRSVZHUHILULQJIURP
XQGHUQHDWK7KUHHRUIRXU3DOLNDUHVIHOOZLWKWKHLUERGLHV

986

OLWHUDOO\SORXJKHGZLWKZRXQGV
0\IDWKHUKRZOHGDORXGSOXQJHGKLVILQJHUVLQWRWKHKROHV
ZKLFKWKHEDOOVKDGPDGHDQGWRUHXSRQHRIWKHSODQNV
HQWLUH%XWLPPHGLDWHO\WKURXJKWKLVRSHQLQJWZHQW\PRUH
VKRWVZHUHILUHGDQGWKHIODPHUXVKLQJXSOLNHILUHIURP
WKHFUDWHURIDYROFDQRVRRQUHDFKHGWKHWDSHVWU\ZKLFKLW
TXLFNO\GHYRXUHG,QWKHPLGVWRIDOOWKLVIULJKWIXOWXPXOW
DQGWKHVHWHUULILFFULHVWZRUHSRUWVIHDUIXOO\GLVWLQFW
IROORZHGE\WZRVKULHNVPRUHKHDUWUHQGLQJWKDQDOOIUR]HPH
ZLWKWHUURU7KHVHWZRVKRWVKDGPRUWDOO\ZRXQGHGP\IDWKHU
DQGLWZDVKHZKRKDGJLYHQXWWHUDQFHWRWKHVHIULJKWIXO
FULHV+RZHYHUKHUHPDLQHGVWDQGLQJFOLQJLQJWRDZLQGRZ
0\PRWKHUWULHGWRIRUFHWKHGRRUWKDWVKHPLJKWJRDQGGLH
ZLWKKLPEXWLWZDVIDVWHQHGRQWKHLQVLGH$OODURXQGKLP
ZHUHO\LQJWKH3DOLNDUHVZULWKLQJLQFRQYXOVLYHDJRQLHV
ZKLOHWZRRUWKUHHZKRZHUHRQO\VOLJKWO\ZRXQGHGZHUH
WU\LQJWRHVFDSHE\VSULQJLQJIURPWKHZLQGRZV$WWKLV
FULVLVWKHZKROHIORRULQJVXGGHQO\JDYHZD\P\IDWKHUIHOO
RQRQHNQHHDQGDWWKHVDPHPRPHQWWZHQW\KDQGVZHUHWKUXVW
IRUWKDUPHGZLWKVDEUHVSLVWROVDQGSRQLDUGVWZHQW\
EORZVZHUHLQVWDQWDQHRXVO\GLUHFWHGDJDLQVWRQHPDQDQGP\
IDWKHUGLVDSSHDUHGLQDZKLUOZLQGRIILUHDQGVPRNHNLQGOHG
E\WKHVHGHPRQVDQGZKLFKVHHPHGOLNHKHOOLWVHOIRSHQLQJ
EHQHDWKKLVIHHW,IHOWP\VHOIIDOOWRWKHJURXQGP\
PRWKHUKDGIDLQWHG
+DLGHH
VDUPVIHOOE\KHUVLGHDQGVKHXWWHUHGDGHHS
JURDQDWWKHVDPHWLPHORRNLQJWRZDUGVWKHFRXQWDVLIWR
DVNLIKHZHUHVDWLVILHGZLWKKHUREHGLHQFHWRKLVFRPPDQGV
0RQWH&ULVWRDURVHDQGDSSURDFKHGKHUWRRNKHUKDQGDQG
VDLGWRKHULQ5RPDLF&DOP\RXUVHOIP\GHDUFKLOGDQG
WDNHFRXUDJHLQUHPHPEHULQJWKDWWKHUHLVD*RGZKRZLOO
SXQLVKWUDLWRUV
,WLVDIULJKWIXOVWRU\FRXQWVDLG$OEHUWWHUULILHGDW
WKHSDOHQHVVRI+DLGHH
VFRXQWHQDQFHDQG,UHSURDFKP\VHOI
QRZIRUKDYLQJEHHQVRFUXHODQGWKRXJKWOHVVLQP\UHTXHVW
2KLWLVQRWKLQJVDLG0RQWH&ULVWR7KHQSDWWLQJWKH
\RXQJJLUORQWKHKHDGKHFRQWLQXHG+DLGHHLVYHU\
FRXUDJHRXVDQGVKHVRPHWLPHVHYHQILQGVFRQVRODWLRQLQWKH
UHFLWDORIKHUPLVIRUWXQHV

987

%HFDXVHP\ORUGVDLG+DLGHHHDJHUO\P\PLVHULHVUHFDOO
WRPHWKHUHPHPEUDQFHRI\RXUJRRGQHVV
$OEHUWORRNHGDWKHUZLWKFXULRVLW\IRUVKHKDGQRW\HW
UHODWHGZKDWKHPRVWGHVLUHGWRNQRZKRZVKHKDGEHFRPH
WKHVODYHRIWKHFRXQW+DLGHHVDZDWDJODQFHWKHVDPH
H[SUHVVLRQSHUYDGLQJWKHFRXQWHQDQFHVRIKHUWZRDXGLWRUV
VKHH[FODLPHGC:KHQP\PRWKHUUHFRYHUHGKHUVHQVHVZHZHUH
EHIRUHWKHVHUDVNHUC.LOO
VDLGVKHCEXWVSDUHWKHKRQRU
RIWKHZLGRZRI$OL
C,WLVQRWWRPHWRZKRP\RXPXVW
DGGUHVV\RXUVHOI
VDLG.RRUVKLG
C7RZKRPWKHQ"
C7R\RXUQHZPDVWHU

C:KRDQGZKHUHLVKH"
C+HLVKHUH

$QG.RRUVKLGSRLQWHGRXWRQHZKRKDGPRUHWKDQDQ\
FRQWULEXWHGWRWKHGHDWKRIP\IDWKHUVDLG+DLGHHLQD
WRQHRIFKDVWHQHGDQJHU7KHQVDLG$OEHUW\RXEHFDPH
WKHSURSHUW\RIWKLVPDQ"
1RUHSOLHG+DLGHHKHGLGQRWGDUHWRNHHSXVVRZH
ZHUHVROGWRVRPHVODYHPHUFKDQWVZKRZHUHJRLQJWR
&RQVWDQWLQRSOH:HWUDYHUVHG*UHHFHDQGDUULYHGKDOIGHDG
DWWKHLPSHULDOJDWHV7KH\ZHUHVXUURXQGHGE\DFURZGRI
SHRSOHZKRRSHQHGDZD\IRUXVWRSDVVZKHQVXGGHQO\P\
PRWKHUKDYLQJORRNHGFORVHO\DWDQREMHFWZKLFKZDV
DWWUDFWLQJWKHLUDWWHQWLRQXWWHUHGDSLHUFLQJFU\DQGIHOO
WRWKHJURXQGSRLQWLQJDVVKHGLGVRWRDKHDGZKLFKZDV
SODFHGRYHUWKHJDWHVDQGEHQHDWKZKLFKZHUHLQVFULEHG
WKHVHZRUGV
C7KLVLVWKHKHDGRI$OL7HSHOLQL3DVKDRI<DQLQD
,FULHG
ELWWHUO\DQGWULHGWRUDLVHP\PRWKHUIURPWKHHDUWKEXW
VKHZDVGHDG,ZDVWDNHQWRWKHVODYHPDUNHWDQGZDV
SXUFKDVHGE\DULFK$UPHQLDQ+HFDXVHGPHWREHLQVWUXFWHG
JDYHPHPDVWHUVDQGZKHQ,ZDVWKLUWHHQ\HDUVRIDJHKH
VROGPHWRWKH6XOWDQ0DKPRRG
2IZKRP,ERXJKWKHUVDLG0RQWH&ULVWRDV,WROG\RX
$OEHUWZLWKWKHHPHUDOGZKLFKIRUPHGDPDWFKWRWKHRQH,
KDGPDGHLQWRDER[IRUWKHSXUSRVHRIKROGLQJP\KDVKLVK
SLOOV

988

2K\RXDUHJRRG\RXDUHJUHDWP\ORUGVDLG+DLGHH
NLVVLQJWKHFRXQW
VKDQGDQG,DPYHU\IRUWXQDWHLQ
EHORQJLQJWRVXFKDPDVWHU$OEHUWUHPDLQHGTXLWH
EHZLOGHUHGZLWKDOOWKDWKHKDGVHHQDQGKHDUG&RPH
ILQLVK\RXUFXSRIFRIIHHVDLG0RQWH&ULVWRWKHKLVWRU\
LVHQGHG

&KDSWHU
:HKHDU)URP<DQLQD
,I9DOHQWLQHFRXOGKDYHVHHQWKHWUHPEOLQJVWHSDQGDJLWDWHG
FRXQWHQDQFHRI)UDQ]ZKHQKHTXLWWHGWKHFKDPEHURI0
1RLUWLHUHYHQVKHZRXOGKDYHEHHQFRQVWUDLQHGWRSLW\KLP
9LOOHIRUWKDGRQO\MXVWJLYHQXWWHUDQFHWRDIHZLQFRKHUHQW
VHQWHQFHVDQGWKHQUHWLUHGWRKLVVWXG\ZKHUHKHUHFHLYHG
DERXWWZRKRXUVDIWHUZDUGVWKHIROORZLQJOHWWHU
$IWHUDOOWKHGLVFORVXUHVZKLFKZHUHPDGHWKLVPRUQLQJ0
1RLUWLHUGH9LOOHIRUWPXVWVHHWKHXWWHULPSRVVLELOLW\RI
DQ\DOOLDQFHEHLQJIRUPHGEHWZHHQKLVIDPLO\DQGWKDWRI0
)UDQ]G
(SLQD\0G
(SLQD\PXVWVD\WKDWKHLVVKRFNHGDQG
DVWRQLVKHGWKDW0GH9LOOHIRUWZKRDSSHDUHGWREHDZDUHRI
DOOWKHFLUFXPVWDQFHVGHWDLOHGWKLVPRUQLQJVKRXOGQRWKDYH
DQWLFLSDWHGKLPLQWKLVDQQRXQFHPHQW
1RRQHZKRKDGVHHQWKHPDJLVWUDWHDWWKLVPRPHQWVR
WKRURXJKO\XQQHUYHGE\WKHUHFHQWLQDXVSLFLRXVFRPELQDWLRQ
RIFLUFXPVWDQFHVZRXOGKDYHVXSSRVHGIRUDQLQVWDQWWKDWKH
KDGDQWLFLSDWHGWKHDQQR\DQFHDOWKRXJKLWFHUWDLQO\QHYHU
KDGRFFXUUHGWRKLPWKDWKLVIDWKHUZRXOGFDUU\FDQGRURU
UDWKHUUXGHQHVVVRIDUDVWRUHODWHVXFKDKLVWRU\$QGLQ
MXVWLFHWR9LOOHIRUWLWPXVWEHXQGHUVWRRGWKDW0
1RLUWLHUZKRQHYHUFDUHGIRUWKHRSLQLRQRIKLVVRQRQDQ\
VXEMHFWKDGDOZD\VRPLWWHGWRH[SODLQWKHDIIDLUWR
9LOOHIRUWVRWKDWKHKDGDOOKLVOLIHHQWHUWDLQHGWKH
EHOLHIWKDW*HQHUDOGH4XHVQHORUWKH%DURQG
(SLQD\DVKH
ZDVDOWHUQDWHO\VW\OHGDFFRUGLQJDVWKHVSHDNHUZLVKHGWR
LGHQWLI\KLPE\KLVRZQIDPLO\QDPHRUE\WKHWLWOHZKLFK
KDGEHHQFRQIHUUHGRQKLPIHOOWKHYLFWLPRIDVVDVVLQDWLRQ
DQGQRWWKDWKHZDVNLOOHGIDLUO\LQDGXHO7KLVKDUVK
OHWWHUFRPLQJDVLWGLGIURPDPDQJHQHUDOO\VRSROLWHDQG
UHVSHFWIXOVWUXFNDPRUWDOEORZDWWKHSULGHRI9LOOHIRUW

989

+DUGO\KDGKHUHDGWKHOHWWHUZKHQKLVZLIHHQWHUHG7KH
VXGGHQGHSDUWXUHRI)UDQ]DIWHUEHLQJVXPPRQHGE\0
1RLUWLHUKDGVRPXFKDVWRQLVKHGHYHU\RQHWKDWWKH
SRVLWLRQRI0DGDPHGH9LOOHIRUWOHIWDORQHZLWKWKHQRWDU\
DQGWKHZLWQHVVHVEHFDPHHYHU\PRPHQWPRUHHPEDUUDVVLQJ
'HWHUPLQHGWREHDULWQRORQJHUVKHDURVHDQGOHIWWKH
URRPVD\LQJVKHZRXOGJRDQGPDNHVRPHLQTXLULHVLQWRWKH
FDXVHRIKLVVXGGHQGLVDSSHDUDQFH
0GH9LOOHIRUW
VFRPPXQLFDWLRQVRQWKHVXEMHFWZHUHYHU\
OLPLWHGDQGFRQFLVHKHWROGKHULQIDFWWKDWDQ
H[SODQDWLRQKDGWDNHQSODFHEHWZHHQ01RLUWLHU0
G
(SLQD\DQGKLPVHOIDQGWKDWWKHPDUULDJHRI9DOHQWLQH
DQG)UDQ]ZRXOGFRQVHTXHQWO\EHEURNHQRII7KLVZDVDQ
DZNZDUGDQGXQSOHDVDQWWKLQJWRKDYHWRUHSRUWWRWKRVHZKR
ZHUHDZDLWLQJKHUUHWXUQLQWKHFKDPEHURIKHU
IDWKHULQODZ6KHWKHUHIRUHFRQWHQWHGKHUVHOIZLWKVD\LQJ
WKDW01RLUWLHUKDYLQJDWWKHFRPPHQFHPHQWRIWKH
GLVFXVVLRQEHHQDWWDFNHGE\DVRUWRIDSRSOHFWLFILWWKH
DIIDLUZRXOGQHFHVVDULO\EHGHIHUUHGIRUVRPHGD\VORQJHU
7KLVQHZVIDOVHDVLWZDVIROORZLQJVRVLQJXODUO\LQWKH
WUDLQRIWKHWZRVLPLODUPLVIRUWXQHVZKLFKKDGVRUHFHQWO\
RFFXUUHGHYLGHQWO\DVWRQLVKHGWKHDXGLWRUVDQGWKH\
UHWLUHGZLWKRXWDZRUG'XULQJWKLVWLPH9DOHQWLQHDWRQFH
WHUULILHGDQGKDSS\DIWHUKDYLQJHPEUDFHGDQGWKDQNHGWKH
IHHEOHROGPDQIRUWKXVEUHDNLQJZLWKDVLQJOHEORZWKH
FKDLQZKLFKVKHKDGEHHQDFFXVWRPHGWRFRQVLGHUDV
LUUHIUDJDEOHDVNHGOHDYHWRUHWLUHWRKHURZQURRPLQ
RUGHUWRUHFRYHUKHUFRPSRVXUH1RLUWLHUORRNHGWKH
SHUPLVVLRQZKLFKVKHVROLFLWHG%XWLQVWHDGRIJRLQJWRKHU
RZQURRP9DOHQWLQHKDYLQJRQFHJDLQHGKHUOLEHUW\HQWHUHG
WKHJDOOHU\DQGRSHQLQJDVPDOOGRRUDWWKHHQGRILW
IRXQGKHUVHOIDWRQFHLQWKHJDUGHQ
,QWKHPLGVWRIDOOWKHVWUDQJHHYHQWVZKLFKKDGFURZGHGRQH
RQWKHRWKHUDQLQGHILQDEOHVHQWLPHQWRIGUHDGKDGWDNHQ
SRVVHVVLRQRI9DOHQWLQH
VPLQG6KHH[SHFWHGHYHU\PRPHQW
WKDWVKHVKRXOGVHH0RUUHODSSHDUSDOHDQGWUHPEOLQJWR
IRUELGWKHVLJQLQJRIWKHFRQWUDFWOLNHWKH/DLUGRI
5DYHQVZRRGLQ7KH%ULGHRI/DPPHUPRRU,WZDVKLJKWLPH
IRUKHUWRPDNHKHUDSSHDUDQFHDWWKHJDWHIRU0D[LPLOLDQ
KDGORQJDZDLWHGKHUFRPLQJ+HKDGKDOIJXHVVHGZKDWZDV
JRLQJRQZKHQKHVDZ)UDQ]TXLWWKHFHPHWHU\ZLWK0GH
9LOOHIRUW+HIROORZHG0G
(SLQD\VDZKLPHQWHU

990

DIWHUZDUGVJRRXWDQGWKHQUHHQWHUZLWK$OEHUWDQG
&KDWHDX5HQDXG+HKDGQRORQJHUDQ\GRXEWVDVWRWKHQDWXUH
RIWKHFRQIHUHQFHKHWKHUHIRUHTXLFNO\ZHQWWRWKHJDWHLQ
WKHFORYHUSDWFKSUHSDUHGWRKHDUWKHUHVXOWRIWKH
SURFHHGLQJVDQGYHU\FHUWDLQWKDW9DOHQWLQHZRXOGKDVWHQWR
KLPWKHILUVWPRPHQWVKHVKRXOGKHVHWDWOLEHUW\+HZDV
QRWPLVWDNHQSHHULQJWKURXJKWKHFUHYLFHVRIWKHZRRGHQ
SDUWLWLRQKHVRRQGLVFRYHUHGWKH\RXQJJLUOZKRFDVWDVLGH
DOOKHUXVXDOSUHFDXWLRQVDQGZDONHGDWRQFHWRWKHEDUULHU
7KHILUVWJODQFHZKLFK0D[LPLOLDQGLUHFWHGWRZDUGVKHU
HQWLUHO\UHDVVXUHGKLPDQGWKHILUVWZRUGVVKHVSRNHPDGH
KLVKHDUWERXQGZLWKGHOLJKW
:HDUHVDYHGVDLG9DOHQWLQH6DYHG"UHSHDWHG0RUUHO
QRWEHLQJDEOHWRFRQFHLYHVXFKLQWHQVHKDSSLQHVVE\
ZKRP"
%\P\JUDQGIDWKHU2K0RUUHOSUD\ORYHKLPIRUDOOKLV
JRRGQHVVWRXV0RUUHOVZRUHWRORYHKLPZLWKDOOKLVVRXO
DQGDWWKDWPRPHQWKHFRXOGVDIHO\SURPLVHWRGRVRIRUKH
IHOWDVWKRXJKLWZHUHQRWHQRXJKWRORYHKLPPHUHO\DVD
IULHQGRUHYHQDVDIDWKHU%XWWHOOPH9DOHQWLQHKRZKDV
LWDOOEHHQHIIHFWHG":KDWVWUDQJHPHDQVKDVKHXVHGWR
FRPSDVVWKLVEOHVVHGHQG"
9DOHQWLQHZDVRQWKHSRLQWRIUHODWLQJDOOWKDWKDGSDVVHG
EXWVKHVXGGHQO\UHPHPEHUHGWKDWLQGRLQJVRVKHPXVWUHYHDO
DWHUULEOHVHFUHWZKLFKFRQFHUQHGRWKHUVDVZHOODVKHU
JUDQGIDWKHUDQGVKHVDLG$WVRPHIXWXUHWLPH,ZLOOWHOO
\RXDOODERXWLW
%XWZKHQZLOOWKDWEH"
:KHQ,DP\RXUZLIH
7KHFRQYHUVDWLRQKDGQRZWXUQHGXSRQDWRSLFVRSOHDVLQJWR
0RUUHOWKDWKHZDVUHDG\WRDFFHGHWRDQ\WKLQJWKDW
9DOHQWLQHWKRXJKWILWWRSURSRVHDQGKHOLNHZLVHIHOWWKDW
DSLHFHRILQWHOOLJHQFHVXFKDVKHMXVWKHDUGRXJKWWREH
PRUHWKDQVXIILFLHQWWRFRQWHQWKLPIRURQHGD\+RZHYHUKH
ZRXOGQRWOHDYHZLWKRXWWKHSURPLVHRIVHHLQJ9DOHQWLQH
DJDLQWKHQH[WQLJKW9DOHQWLQHSURPLVHGDOOWKDW0RUUHO
UHTXLUHGRIKHUDQGFHUWDLQO\LWZDVOHVVGLIILFXOWQRZIRU
KHUWREHOLHYHWKDWVKHVKRXOGPDUU\0D[LPLOLDQWKDQLWZDV

991

DQKRXUDJRWRDVVXUHKHUVHOIWKDWVKHVKRXOGQRWPDUU\
)UDQ]'XULQJWKHWLPHRFFXSLHGE\WKHLQWHUYLHZZHKDYH
MXVWGHWDLOHG0DGDPHGH9LOOHIRUWKDGJRQHWRYLVLW0
1RLUWLHU7KHROGPDQORRNHGDWKHUZLWKWKDWVWHUQDQG
IRUELGGLQJH[SUHVVLRQZLWKZKLFKKHZDVDFFXVWRPHGWR
UHFHLYHKHU
6LUVDLGVKHLWLVVXSHUIOXRXVIRUPHWRWHOO\RXWKDW
9DOHQWLQH
VPDUULDJHLVEURNHQRIIVLQFHLWZDVKHUHWKDW
WKHDIIDLUZDVFRQFOXGHG1RLUWLHU
VFRXQWHQDQFHUHPDLQHG
LPPRYDEOH%XWRQHWKLQJ,FDQWHOO\RXRIZKLFK,GRQRW
WKLQN\RXDUHDZDUHWKDWLVWKDW,KDYHDOZD\VEHHQ
RSSRVHGWRWKLVPDUULDJHDQGWKDWWKHFRQWUDFWZDVHQWHUHG
LQWRHQWLUHO\ZLWKRXWP\FRQVHQWRUDSSUREDWLRQ1RLUWLHU
UHJDUGHGKLVGDXJKWHULQODZZLWKWKHORRNRIDPDQGHVLULQJ
DQH[SODQDWLRQ1RZWKDWWKLVPDUULDJHZKLFK,NQRZ\RXVR
PXFKGLVOLNHGLVGRQHDZD\ZLWK,FRPHWR\RXRQDQHUUDQG
ZKLFKQHLWKHU0GH9LOOHIRUWQRU9DOHQWLQHFRXOG
FRQVLVWHQWO\XQGHUWDNH1RLUWLHU
VH\HVGHPDQGHGWKHQDWXUH
RIKHUPLVVLRQ,FRPHWRHQWUHDW\RXVLUFRQWLQXHG
0DGDPHGH9LOOHIRUWDVWKHRQO\RQHZKRKDVWKHULJKWRI
GRLQJVRLQDVPXFKDV,DPWKHRQO\RQHZKRZLOOUHFHLYHQR
SHUVRQDOEHQHILWIURPWKHWUDQVDFWLRQ,FRPHWRHQWUHDW
\RXWRUHVWRUHQRW\RXUORYHIRUWKDWVKHKDVDOZD\V
SRVVHVVHGEXWWRUHVWRUH\RXUIRUWXQHWR\RXU
JUDQGGDXJKWHU
7KHUHZDVDGRXEWIXOH[SUHVVLRQLQ1RLUWLHU
VH\HVKHZDV
HYLGHQWO\WU\LQJWRGLVFRYHUWKHPRWLYHRIWKLVSURFHHGLQJ
DQGKHFRXOGQRWVXFFHHGLQGRLQJVR0D\,KRSHVLU
VDLG0DGDPHGH9LOOHIRUWWKDW\RXULQWHQWLRQVDFFRUGZLWK
P\UHTXHVW"1RLUWLHUPDGHDVLJQWKDWWKH\GLG,QWKDW
FDVHVLUUHMRLQHG0DGDPHGH9LOOHIRUW,ZLOOOHDYH\RX
RYHUZKHOPHGZLWKJUDWLWXGHDQGKDSSLQHVVDW\RXUSURPSW
DFTXLHVFHQFHWRP\ZLVKHV6KHWKHQERZHGWR01RLUWLHU
DQGUHWLUHG
7KHQH[WGD\01RLUWLHUVHQWIRUWKHQRWDU\WKHILUVWZLOO
ZDVWRUQXSDQGDVHFRQGPDGHLQZKLFKKHOHIWWKHZKROHRI
KLVIRUWXQHWR9DOHQWLQHRQFRQGLWLRQWKDWVKHVKRXOGQHYHU
EHVHSDUDWHGIURPKLP,WZDVWKHQJHQHUDOO\UHSRUWHGWKDW
0DGHPRLVHOOHGH9LOOHIRUWWKHKHLUHVVRIWKHPDUTXLVDQG
PDUFKLRQHVVRI6DLQW0HUDQKDGUHJDLQHGWKHJRRGJUDFHVRI
KHUJUDQGIDWKHUDQGWKDWVKHZRXOGXOWLPDWHO\EHLQ

992

SRVVHVVLRQRIDQLQFRPHRIOLYUHV
:KLOHDOOWKHSURFHHGLQJVUHODWLYHWRWKHGLVVROXWLRQRIWKH
PDUULDJHFRQWUDFWZHUHEHLQJFDUULHGRQDWWKHKRXVHRI0
GH9LOOHIRUW0RQWH&ULVWRKDGSDLGKLVYLVLWWRWKH&RXQW
RI0RUFHUIZKRLQRUGHUWRORVHQRWLPHLQUHVSRQGLQJWR
0'DQJODUV
ZLVKHVDQGDWWKHVDPHWLPHWRSD\DOOGXH
GHIHUHQFHWRKLVSRVLWLRQLQVRFLHW\GRQQHGKLVXQLIRUPRI
OLHXWHQDQWJHQHUDOZKLFKKHRUQDPHQWHGZLWKDOOKLV
FURVVHVDQGWKXVDWWLUHGRUGHUHGKLVILQHVWKRUVHVDQG
GURYHWRWKH5XHGHOD&KDXVVHG
$QWLQ
'DQJODUVZDVEDODQFLQJKLVPRQWKO\DFFRXQWVDQGLWZDV
SHUKDSVQRWWKHPRVWIDYRUDEOHPRPHQWIRUILQGLQJKLPLQKLV
EHVWKXPRU$WWKHILUVWVLJKWRIKLVROGIULHQG'DQJODUV
DVVXPHGKLVPDMHVWLFDLUDQGVHWWOHGKLPVHOILQKLV
HDV\FKDLU0RUFHUIXVXDOO\VRVWLIIDQGIRUPDODFFRVWHG
WKHEDQNHULQDQDIIDEOHDQGVPLOLQJPDQQHUDQGIHHOLQJ
VXUHWKDWWKHRYHUWXUHKHZDVDERXWPDNHZRXOGEHZHOO
UHFHLYHGKHGLGQRWFRQVLGHULWQHFHVVDU\WRDGRSWDQ\
PDQRHXYUHVLQRUGHUWRJDLQKLVHQGEXWZHQWDWRQFH
VWUDLJKWWRWKHSRLQW
:HOOEDURQVDLGKHKHUH,DPDWODVWVRPHWLPHKDV
HODSVHGVLQFHRXUSODQVZHUHIRUPHGDQGWKH\DUHQRW\HW
H[HFXWHG0RUFHUISDXVHGDWWKHVHZRUGVTXLHWO\ZDLWLQJ
WLOOWKHFORXGVKRXOGKDYHGLVSHUVHGZKLFKKDGJDWKHUHGRQ
WKHEURZRI'DQJODUVDQGZKLFKKHDWWULEXWHGWRKLV
VLOHQFHEXWRQWKHFRQWUDU\WRKLVJUHDWVXUSULVHLW
JUHZGDUNHUDQGGDUNHU7RZKDWGR\RXDOOXGHPRQVLHXU"
VDLG'DQJODUVDVLIKHZHUHWU\LQJLQYDLQWRJXHVVDWWKH
SRVVLEOHPHDQLQJRIWKHJHQHUDO
VZRUGV
$KVDLG0RUFHUI,VHH\RXDUHDVWLFNOHUIRUIRUPVP\
GHDUVLUDQG\RXZRXOGUHPLQGPHWKDWWKHFHUHPRQLDOULWHV
VKRXOGQRWEHRPLWWHG0DIRL,EHJ\RXUSDUGRQEXWDV,
KDYHEXWRQHVRQDQGLWLVWKHILUVWWLPH,KDYHHYHU
WKRXJKWRIPDUU\LQJKLP,DPVWLOOVHUYLQJP\
DSSUHQWLFHVKLS\RXNQRZFRPH,ZLOOUHIRUP$QG0RUFHUI
ZLWKDIRUFHGVPLOHDURVHDQGPDNLQJDORZERZWR0
'DQJODUVVDLG%DURQ,KDYHWKHKRQRURIDVNLQJRI\RX
WKHKDQGRI0DGHPRLVHOOH(XJHQLH'DQJODUVIRUP\VRQWKH
9LFRPWH$OEHUWGH0RUFHUI

993

%XW'DQJODUVLQVWHDGRIUHFHLYLQJWKLVDGGUHVVLQWKH
IDYRUDEOHPDQQHUZKLFK0RUFHUIKDGH[SHFWHGNQLWKLVEURZ
DQGZLWKRXWLQYLWLQJWKHFRXQWZKRZDVVWLOOVWDQGLQJWR
WDNHDVHDWKHVDLG0RQVLHXULWZLOOEHQHFHVVDU\WR
UHIOHFWEHIRUH,JLYH\RXDQDQVZHU
7RUHIOHFW"VDLG0RUFHUIPRUHDQGPRUHDVWRQLVKHGKDYH
\RXQRWKDGHQRXJKWLPHIRUUHIOHFWLRQGXULQJWKHHLJKW
\HDUVZKLFKKDYHHODSVHGVLQFHWKLVPDUULDJHZDVILUVW
GLVFXVVHGEHWZHHQXV"
&RXQWVDLGWKHEDQNHUWKLQJVDUHFRQVWDQWO\RFFXUULQJ
LQWKHZRUOGWRLQGXFHXVWROD\DVLGHRXUPRVWHVWDEOLVKHG
RSLQLRQVRUDWDOOHYHQWVWRFDXVHXVWRUHPRGHOWKHP
DFFRUGLQJWRWKHFKDQJHRIFLUFXPVWDQFHVZKLFKPD\KDYH
SODFHGDIIDLUVLQDWRWDOO\GLIIHUHQWOLJKWWRWKDWLQZKLFK
ZHDWILUVWYLHZHGWKHP
,GRQRWXQGHUVWDQG\RXEDURQVDLG0RUFHUI
:KDW,PHDQWRVD\LVWKLVVLUWKDWGXULQJWKHODVW
IRUWQLJKWXQIRUHVHHQFLUFXPVWDQFHVKDYHRFFXUUHG
([FXVHPHVDLG0RUFHUIEXWLVLWDSOD\ZHDUHDFWLQJ"
$SOD\"
<HVIRULWLVOLNHRQHSUD\OHWXVFRPHPRUHWRWKH
SRLQWDQGHQGHDYRUWKRURXJKO\WRXQGHUVWDQGHDFKRWKHU
7KDWLVTXLWHP\GHVLUH
<RXKDYHVHHQ0GH0RQWH&ULVWRKDYH\RXQRW"
,VHHKLPYHU\RIWHQVDLG'DQJODUVGUDZLQJKLPVHOIXS
KHLVDSDUWLFXODUIULHQGRIPLQH
:HOOLQRQHRI\RXUODWHFRQYHUVDWLRQVZLWKKLP\RXVDLG
WKDW,DSSHDUHGWREHIRUJHWIXODQGLUUHVROXWHFRQFHUQLQJ
WKLVPDUULDJHGLG\RXQRW"
,GLGVD\VR
:HOOKHUH,DPSURYLQJDWRQFHWKDW,DPUHDOO\QHLWKHU

994

WKHRQHQRUWKHRWKHUE\HQWUHDWLQJ\RXWRNHHS\RXU
SURPLVHRQWKDWVFRUH
'DQJODUVGLGQRWDQVZHU+DYH\RXVRVRRQFKDQJHG\RXU
PLQGDGGHG0RUFHUIRUKDYH\RXRQO\SURYRNHGP\UHTXHVW
WKDW\RXPD\KDYHWKHSOHDVXUHRIVHHLQJPHKXPEOHG"
'DQJODUVVHHLQJWKDWLIKHFRQWLQXHGWKHFRQYHUVDWLRQLQ
WKHVDPHWRQHLQZKLFKKHKDGEHJXQLWWKHZKROHWKLQJ
PLJKWWXUQRXWWRKLVRZQGLVDGYDQWDJHWXUQHGWR0RUFHUI
DQGVDLG&RXQW\RXPXVWGRXEWOHVVEHVXUSULVHGDWP\
UHVHUYHDQG,DVVXUH\RXLWFRVWVPHPXFKWRDFWLQVXFKD
PDQQHUWRZDUGV\RXEXWEHOLHYHPHZKHQ,VD\WKDW
LPSHUDWLYHQHFHVVLW\KDVLPSRVHGWKHSDLQIXOWDVNXSRQPH
7KHVHDUHDOOVRPDQ\HPSW\ZRUGVP\GHDUVLUVDLG
0RUFHUIWKH\PLJKWVDWLVI\DQHZDFTXDLQWDQFHEXWWKH
&RPWHGH0RUFHUIGRHVQRWUDQNLQWKDWOLVWDQGZKHQDPDQ
OLNHKLPFRPHVWRDQRWKHUUHFDOOVWRKLPKLVSOLJKWHGZRUG
DQGWKLVPDQIDLOVWRUHGHHPWKHSOHGJHKHKDVDWOHDVWD
ULJKWWRH[DFWIURPKLPDJRRGUHDVRQIRUVRGRLQJ
'DQJODUVZDVDFRZDUGEXWGLGQRWZLVKWRDSSHDUVRKHZDV
SLTXHGDWWKHWRQHZKLFK0RUFHUIKDGMXVWDVVXPHG,DPQRW
ZLWKRXWDJRRGUHDVRQIRUP\FRQGXFWUHSOLHGWKHEDQNHU
:KDWGR\RXPHDQWRVD\"
,PHDQWRVD\WKDW,KDYHDJRRGUHDVRQEXWWKDWLWLV
GLIILFXOWWRH[SODLQ
<RXPXVWEHDZDUHDWDOOHYHQWVWKDWLWLVLPSRVVLEOHIRU
PHWRXQGHUVWDQGPRWLYHVEHIRUHWKH\DUHH[SODLQHGWRPH
EXWRQHWKLQJDWOHDVWLVFOHDUZKLFKLVWKDW\RXGHFOLQH
DOO\LQJ\RXUVHOIZLWKP\IDPLO\
1RVLUVDLG'DQJODUV,PHUHO\VXVSHQGP\GHFLVLRQ
WKDWLVDOO
$QGGR\RXUHDOO\IODWWHU\RXUVHOIWKDW,VKDOO\LHOGWR
DOO\RXUFDSULFHVDQGTXLHWO\DQGKXPEO\DZDLWWKHWLPHRI
DJDLQEHLQJUHFHLYHGLQWR\RXUJRRGJUDFHV"
7KHQFRXQWLI\RXZLOOQRWZDLWZHPXVWORRNXSRQWKHVH
SURMHFWVDVLIWKH\KDGQHYHUEHHQHQWHUWDLQHG7KHFRXQW
ELWKLVOLSVWLOOWKHEORRGDOPRVWVWDUWHGWRSUHYHQWWKH

995

HEXOOLWLRQRIDQJHUZKLFKKLVSURXGDQGLUULWDEOHWHPSHU
VFDUFHO\DOORZHGKLPWRUHVWUDLQXQGHUVWDQGLQJKRZHYHU
WKDWLQWKHSUHVHQWVWDWHRIWKLQJVWKHODXJKZRXOG
GHFLGHGO\EHDJDLQVWKLPKHWXUQHGIURPWKHGRRUWRZDUGV
ZKLFKKHKDGEHHQGLUHFWLQJKLVVWHSVDQGDJDLQFRQIURQWHG
WKHEDQNHU$FORXGVHWWOHGRQKLVEURZHYLQFLQJGHFLGHG
DQ[LHW\DQGXQHDVLQHVVLQVWHDGRIWKHH[SUHVVLRQRI
RIIHQGHGSULGHZKLFKKDGODWHO\UHLJQHGWKHUH0\GHDU
'DQJODUVVDLG0RUFHUIZHKDYHEHHQDFTXDLQWHGIRUPDQ\
\HDUVDQGFRQVHTXHQWO\ZHRXJKWWRPDNHVRPHDOORZDQFHIRU
HDFKRWKHU
VIDLOLQJV<RXRZHPHDQH[SODQDWLRQDQGUHDOO\
LWLVEXWIDLUWKDW,VKRXOGNQRZZKDWFLUFXPVWDQFHKDV
RFFXUUHGWRGHSULYHP\VRQRI\RXUIDYRU
,WLVIURPQRSHUVRQDOLOOIHHOLQJWRZDUGVWKHYLVFRXQW
WKDWLVDOO,FDQVD\VLUUHSOLHG'DQJODUVZKRUHVXPHG
KLVLQVROHQWPDQQHUDVVRRQDVKHSHUFHLYHGWKDW0RUFHUIZDV
DOLWWOHVRIWHQHGDQGFDOPHGGRZQ$QGWRZDUGVZKRPGR\RX
EHDUWKLVSHUVRQDOLOOIHHOLQJWKHQ"VDLG0RUFHUIWXUQLQJ
SDOHZLWKDQJHU7KHH[SUHVVLRQRIWKHFRXQW
VIDFHKDGQRW
UHPDLQHGXQSHUFHLYHGE\WKHEDQNHUKHIL[HGRQKLPDORRN
RIJUHDWHUDVVXUDQFHWKDQEHIRUHDQGVDLG<RXPD\
SHUKDSVEHEHWWHUVDWLVILHGWKDW,VKRXOGQRWJRIDUWKHU
LQWRSDUWLFXODUV
$WUHPRURIVXSSUHVVHGUDJHVKRRNWKHZKROHIUDPHRIWKH
FRXQWDQGPDNLQJDYLROHQWHIIRUWRYHUKLPVHOIKHVDLG,
KDYHDULJKWWRLQVLVWRQ\RXUJLYLQJPHDQH[SODQDWLRQ,V
LW0DGDPHGH0RUFHUIZKRKDVGLVSOHDVHG\RX",VLWP\
IRUWXQHZKLFK\RXILQGLQVXIILFLHQW",VLWEHFDXVHP\
RSLQLRQVGLIIHUIURP\RXUV"
1RWKLQJRIWKHNLQGVLUUHSOLHG'DQJODUVLIVXFKKDG
EHHQWKHFDVH,RQO\VKRXOGKDYHEHHQWREODPHLQDVPXFKDV
,ZDVDZDUHRIDOOWKHVHWKLQJVZKHQ,PDGHWKHHQJDJHPHQW
1RGRQRWVHHNDQ\ORQJHUWRGLVFRYHUWKHUHDVRQ,UHDOO\
DPTXLWHDVKDPHGWRKDYHEHHQWKHFDXVHRI\RXUXQGHUJRLQJ
VXFKVHYHUHVHOIH[DPLQDWLRQOHWXVGURSWKHVXEMHFWDQG
DGRSWWKHPLGGOHFRXUVHRIGHOD\ZKLFKLPSOLHVQHLWKHUD
UXSWXUHQRUDQHQJDJHPHQW0DIRLWKHUHLVQRKXUU\0\
GDXJKWHULVRQO\VHYHQWHHQ\HDUVROGDQG\RXUVRQ
WZHQW\RQH:KLOHZHZDLWWLPHZLOOEHSURJUHVVLQJHYHQWV
ZLOOVXFFHHGHDFKRWKHUWKLQJVZKLFKLQWKHHYHQLQJORRN
GDUNDQGREVFXUHDSSHDUEXWWRRFOHDUO\LQWKHOLJKWRI

996

PRUQLQJDQGVRPHWLPHVWKHXWWHUDQFHRIRQHZRUGRUWKH
ODSVHRIDVLQJOHGD\ZLOOUHYHDOWKHPRVWFUXHO
FDOXPQLHV
&DOXPQLHVGLG\RXVD\VLU"FULHG0RUFHUIWXUQLQJOLYLG
ZLWKUDJH'RHVDQ\RQHGDUHWRVODQGHUPH"
0RQVLHXU,WROG\RXWKDW,FRQVLGHUHGLWEHVWWRDYRLGDOO
H[SODQDWLRQ
7KHQVLU,DPSDWLHQWO\WRVXEPLWWR\RXUUHIXVDO"
<HVVLUDOWKRXJK,DVVXUH\RXWKHUHIXVDOLVDVSDLQIXO
IRUPHWRJLYHDVLWLVIRU\RXWRUHFHLYHIRU,KDG
UHFNRQHGRQWKHKRQRURI\RXUDOOLDQFHDQGWKHEUHDNLQJRII
RIDPDUULDJHFRQWUDFWDOZD\VLQMXUHVWKHODG\PRUHWKDQWKH
JHQWOHPDQ
(QRXJKVLUVDLG0RUFHUIZHZLOOVSHDNQRPRUHRQWKH
VXEMHFW$QGFOXWFKLQJKLVJORYHVLQDQJHUKHOHIWWKH
DSDUWPHQW'DQJODUVREVHUYHGWKDWGXULQJWKHZKROH
FRQYHUVDWLRQ0RUFHUIKDGQHYHURQFHGDUHGWRDVNLILWZDV
RQKLVRZQDFFRXQWWKDW'DQJODUVUHFDOOHGKLVZRUG7KDW
HYHQLQJKHKDGDORQJFRQIHUHQFHZLWKVHYHUDOIULHQGVDQG
0&DYDOFDQWLZKRKDGUHPDLQHGLQWKHGUDZLQJURRPZLWKWKH
ODGLHVZDVWKHODVWWROHDYHWKHEDQNHU
VKRXVH
7KHQH[WPRUQLQJDVVRRQDVKHDZRNH'DQJODUVDVNHGIRU
WKHQHZVSDSHUVWKH\ZHUHEURXJKWWRKLPKHODLGDVLGH
WKUHHRUIRXUDQGDWODVWIL[HGRQWKH,PSDUWLDOWKHSDSHU
RIZKLFK%HDXFKDPSZDVWKHFKLHIHGLWRU+HKDVWLO\WRUHRII
WKHFRYHURSHQHGWKHMRXUQDOZLWKQHUYRXVSUHFLSLWDWLRQ
SDVVHGFRQWHPSWXRXVO\RYHUWKH3DULVMRWWLQJVDQGDUULYLQJ
DWWKHPLVFHOODQHRXVLQWHOOLJHQFHVWRSSHGZLWKDPDOLFLRXV
VPLOHDWDSDUDJUDSKKHDGHG:HKHDUIURP<DQLQD9HU\
JRRGREVHUYHG'DQJODUVDIWHUKDYLQJUHDGWKHSDUDJUDSK
KHUHLVDOLWWOHDUWLFOHRQ&RORQHO)HUQDQGZKLFKLI,DP
QRWPLVWDNHQZRXOGUHQGHUWKHH[SODQDWLRQZKLFKWKH&RPWH
GH0RUFHUIUHTXLUHGRIPHSHUIHFWO\XQQHFHVVDU\
$WWKHVDPHPRPHQWWKDWLVDWQLQHR
FORFNLQWKHPRUQLQJ
$OEHUWGH0RUFHUIGUHVVHGLQDEODFNFRDWEXWWRQHGXSWR
KLVFKLQPLJKWKDYHEHHQVHHQZDONLQJZLWKDTXLFNDQG
DJLWDWHGVWHSLQWKHGLUHFWLRQRI0RQWH&ULVWR
VKRXVHLQ

997

WKH&KDPSV(O\VHHV:KHQKHSUHVHQWHGKLPVHOIDWWKHJDWH
WKHSRUWHULQIRUPHGKLPWKDWWKH&RXQWKDGJRQHRXWDERXW
KDOIDQKRXUSUHYLRXVO\'LGKHWDNH%DSWLVWLQZLWKKLP"
1RP\ORUG
&DOOKLPWKHQ,ZLVKWRVSHDNWRKLP7KHFRQFLHUJHZHQW
WRVHHNWKHYDOHWGHFKDPEUHDQGUHWXUQHGZLWKKLPLQDQ
LQVWDQW
0\JRRGIULHQGVDLG$OEHUW,EHJSDUGRQIRUP\
LQWUXVLRQEXW,ZDVDQ[LRXVWRNQRZIURP\RXURZQPRXWKLI
\RXUPDVWHUZDVUHDOO\RXWRUQRW
+HLVUHDOO\RXWVLUUHSOLHG%DSWLVWLQ
2XWHYHQWRPH"
,NQRZKRZKDSS\P\PDVWHUDOZD\VLVWRUHFHLYHWKH
YLFRPWHVDLG%DSWLVWLQDQG,VKRXOGWKHUHIRUHQHYHU
WKLQNRILQFOXGLQJKLPLQDQ\JHQHUDORUGHU
<RXDUHULJKWDQGQRZ,ZLVKWRVHHKLPRQDQDIIDLURI
JUHDWLPSRUWDQFH'R\RXWKLQNLWZLOOEHORQJEHIRUHKH
FRPHVLQ"
1R,WKLQNQRWIRUKHRUGHUHGKLVEUHDNIDVWDWWHQ
R
FORFN
:HOO,ZLOOJRDQGWDNHDWXUQLQWKH&KDPSV(O\VHHVDQG
DWWHQR
FORFN,ZLOOUHWXUQKHUHPHDQZKLOHLIWKHFRXQW
VKRXOGFRPHLQZLOO\RXEHJKLPQRWWRJRRXWDJDLQZLWKRXW
VHHLQJPH"
<RXPD\GHSHQGRQP\GRLQJVRVLUVDLG%DSWLVWLQ
$OEHUWOHIWWKHFDELQZKLFKKHKDGFRPHDWWKHFRXQW
V
GRRULQWHQGLQJWRWDNHDWXUQRQIRRW$VKHZDVSDVVLQJ
WKH$OOHHGHV9HXYHVKHWKRXJKWKHVDZWKHFRXQW
VKRUVHV
VWDQGLQJDW*RVVHW
VVKRRWLQJJDOOHU\KHDSSURDFKHGDQG
VRRQUHFRJQL]HGWKHFRDFKPDQ,VWKHFRXQWVKRRWLQJLQWKH
JDOOHU\"VDLG0RUFHUI
<HVVLUUHSOLHGWKHFRDFKPDQ:KLOHKHZDVVSHDNLQJ

998

$OEHUWKDGKHDUGWKHUHSRUWRIWZRRUWKUHHSLVWROVKRWV+H
HQWHUHGDQGRQKLVZD\PHWWKHZDLWHU([FXVHPHP\
ORUGVDLGWKHODGEXWZLOO\RXKDYHWKHNLQGQHVVWRZDLW
DPRPHQW"
:KDWIRU3KLOLS"DVNHG$OEHUWZKREHLQJDFRQVWDQW
YLVLWRUWKHUHGLGQRWXQGHUVWDQGWKLVRSSRVLWLRQWRKLV
HQWUDQFH
%HFDXVHWKHSHUVRQZKRLVQRZLQWKHJDOOHU\SUHIHUVEHLQJ
DORQHDQGQHYHUSUDFWLFHVLQWKHSUHVHQFHRIDQ\RQH
1RWHYHQEHIRUH\RX3KLOLS"7KHQZKRORDGVKLVSLVWRO"
+LVVHUYDQW
$1XELDQ"
$QHJUR
,WLVKHWKHQ
'R\RXNQRZWKLVJHQWOHPDQ"
<HVDQG,DPFRPHWRORRNIRUKLPKHLVDIULHQGRI
PLQH
2KWKDWLVTXLWHDQRWKHUWKLQJWKHQ,ZLOOJR
LPPHGLDWHO\DQGLQIRUPKLPRI\RXUDUULYDO$QG3KLOLS
XUJHGE\KLVRZQFXULRVLW\HQWHUHGWKHJDOOHU\DVHFRQG
DIWHUZDUGV0RQWH&ULVWRDSSHDUHGRQWKHWKUHVKROG,DVN
\RXUSDUGRQP\GHDUFRXQWVDLG$OEHUWIRUIROORZLQJ\RX
KHUHDQG,PXVWILUVWWHOO\RXWKDWLWZDVQRWWKHIDXOWRI
\RXUVHUYDQWVWKDW,GLGVR,DORQHDPWREODPHIRUWKH
LQGLVFUHWLRQ,ZHQWWR\RXUKRXVHDQGWKH\WROGPH\RX
ZHUHRXWEXWWKDWWKH\H[SHFWHG\RXKRPHDWWHQR
FORFNWR
EUHDNIDVW,ZDVZDONLQJDERXWLQRUGHUWRSDVVDZD\WKH
WLPHWLOOWHQR
FORFNZKHQ,FDXJKWVLJKWRI\RXUFDUULDJH
DQGKRUVHV
:KDW\RXKDYHMXVWVDLGLQGXFHVPHWRKRSHWKDW\RXLQWHQG
EUHDNIDVWLQJZLWKPH
1RWKDQN\RX,DPWKLQNLQJRIRWKHUWKLQJVEHVLGHV

999

EUHDNIDVWMXVWQRZSHUKDSVZHPD\WDNHWKDWPHDODWDODWHU
KRXUDQGLQZRUVHFRPSDQ\
:KDWRQHDUWKDUH\RXWDONLQJRI"
,DPWRILJKWWRGD\
)RUZKDW"
,DPJRLQJWRILJKW
<HV,XQGHUVWDQGWKDWEXWZKDWLVWKHTXDUUHO"3HRSOH
ILJKWIRUDOOVRUWVRIUHDVRQV\RXNQRZ
,ILJKWLQWKHFDXVHRIKRQRU
$KWKDWLVVRPHWKLQJVHULRXV
6RVHULRXVWKDW,FRPHWREHJ\RXWRUHQGHUPHDVHUYLFH
:KDWLVLW"
7REHP\VHFRQG
7KDWLVDVHULRXVPDWWHUDQGZHZLOOQRWGLVFXVVLWKHUH
OHWXVVSHDNRIQRWKLQJWLOOZHJHWKRPH$OLEULQJPHVRPH
ZDWHU7KHFRXQWWXUQHGXSKLVVOHHYHVDQGSDVVHGLQWRWKH
OLWWOHYHVWLEXOHZKHUHWKHJHQWOHPHQZHUHDFFXVWRPHGWRZDVK
WKHLUKDQGVDIWHUVKRRWLQJ&RPHLQP\ORUGVDLG3KLOLS
LQDORZWRQHDQG,ZLOOVKRZ\RXVRPHWKLQJGUROO
0RUFHUIHQWHUHGDQGLQSODFHRIWKHXVXDOWDUJHWKHVDZ
VRPHSOD\LQJFDUGVIL[HGDJDLQVWWKHZDOO$WDGLVWDQFH
$OEHUWWKRXJKWLWZDVDFRPSOHWHVXLWIRUKHFRXQWHGIURP
WKHDFHWRWKHWHQ$KKDVDLG$OEHUW,VHH\RXZHUH
SUHSDULQJIRUDJDPHRIFDUGV
1RVDLGWKHFRXQW,ZDVPDNLQJDVXLW
+RZ"VDLG$OEHUW
7KRVHDUHUHDOO\DFHVDQGWZRVZKLFK\RXVHHEXWP\VKRWV
KDYHWXUQHGWKHPLQWRWKUHHVILYHVVHYHQVHLJKWVQLQHV
DQGWHQV$OEHUWDSSURDFKHG,QIDFWWKHEXOOHWVKDG
DFWXDOO\SLHUFHGWKHFDUGVLQWKHH[DFWSODFHVZKLFKWKH

1000

SDLQWHGVLJQVZRXOGRWKHUZLVHKDYHRFFXSLHGWKHOLQHVDQG
GLVWDQFHVEHLQJDVUHJXODUO\NHSWDVLIWKH\KDGEHHQUXOHG
ZLWKSHQFLO'LDEOHVDLG0RUFHUI
:KDWZRXOG\RXKDYHP\GHDUYLVFRXQW"VDLG0RQWH&ULVWR
ZLSLQJKLVKDQGVRQWKHWRZHOZKLFK$OLKDGEURXJKWKLP,
PXVWRFFXS\P\OHLVXUHPRPHQWVLQVRPHZD\RURWKHU%XW
FRPH,DPZDLWLQJIRU\RX%RWKPHQHQWHUHG0RQWH&ULVWR
V
FDUULDJHZKLFKLQWKHFRXUVHRIDIHZPLQXWHVGHSRVLWHG
WKHPVDIHO\DW1R0RQWH&ULVWRWRRN$OEHUWLQWRKLV
VWXG\DQGSRLQWLQJWRDVHDWSODFHGDQRWKHUIRUKLPVHOI
1RZOHWXVWDONWKHPDWWHURYHUTXLHWO\VDLGWKHFRXQW
<RXVHH,DPSHUIHFWO\FRPSRVHGVDLG$OEHUW
:LWKZKRPDUH\RXJRLQJWRILJKW"
:LWK%HDXFKDPS
2QHRI\RXUIULHQGV
2IFRXUVHLWLVDOZD\VZLWKIULHQGVWKDWRQHILJKWV
,VXSSRVH\RXKDYHVRPHFDXVHRITXDUUHO"
,KDYH
:KDWKDVKHGRQHWR\RX"
7KHUHDSSHDUHGLQKLVMRXUQDOODVWQLJKWEXWZDLWDQG
UHDGIRU\RXUVHOI$QG$OEHUWKDQGHGRYHUWKHSDSHUWRWKH
FRXQWZKRUHDGDVIROORZV
$FRUUHVSRQGHQWDW<DQLQDLQIRUPVXVRIDIDFWRIZKLFK
XQWLOQRZZHKDGUHPDLQHGLQLJQRUDQFH7KHFDVWOHZKLFK
IRUPHGWKHSURWHFWLRQRIWKHWRZQZDVJLYHQXSWRWKH7XUNV
E\D)UHQFKRIILFHUQDPHG)HUQDQGLQZKRPWKHJUDQGYL]LHU
$OL7HSHOLQLKDGUHSRVHGWKHJUHDWHVWFRQILGHQFH
:HOOVDLG0RQWH&ULVWRZKDWGR\RXVHHLQWKDWWRDQQR\
\RX"
:KDWGR,VHHLQLW"

1001

<HVZKDWGRHVLWVLJQLI\WR\RXLIWKHFDVWOHRI<DQLQD
ZDVJLYHQXSE\D)UHQFKRIILFHU"
,WVLJQLILHVWRP\IDWKHUWKH&RXQWRI0RUFHUIZKRVH
&KULVWLDQQDPHLV)HUQDQG
'LG\RXUIDWKHUVHUYHXQGHU$OL3DVKD"
<HVWKDWLVWRVD\KHIRXJKWIRUWKHLQGHSHQGHQFHRIWKH
*UHHNVDQGKHQFHDULVHVWKHFDOXPQ\
2KP\GHDUYLVFRXQWGRWDONUHDVRQ
,GRQRWGHVLUHWRGRRWKHUZLVH
1RZMXVWWHOOPHZKRWKHGHYLOVKRXOGNQRZLQ)UDQFHWKDW
WKHRIILFHU)HUQDQGDQGWKH&RXQWRI0RUFHUIDUHRQHDQGWKH
VDPHSHUVRQ"DQGZKRFDUHVQRZDERXW<DQLQDZKLFKZDVWDNHQ
DVORQJDJRDVWKH\HDURU"
7KDWMXVWVKRZVWKHPHDQQHVVRIWKLVVODQGHU7KH\KDYH
DOORZHGDOOWKLVWLPHWRHODSVHDQGWKHQDOORIDVXGGHQ
UDNHXSHYHQWVZKLFKKDYHEHHQIRUJRWWHQWRIXUQLVK
PDWHULDOVIRUVFDQGDOLQRUGHUWRWDUQLVKWKHOXVWUHRIRXU
KLJKSRVLWLRQ,LQKHULWP\IDWKHU
VQDPHDQG,GRQRW
FKRRVHWKDWWKHVKDGRZRIGLVJUDFHVKRXOGGDUNHQLW,DP
JRLQJWR%HDXFKDPSLQZKRVHMRXUQDOWKLVSDUDJUDSKDSSHDUV
DQG,VKDOOLQVLVWRQKLVUHWUDFWLQJWKHDVVHUWLRQEHIRUH
WZRZLWQHVVHV
%HDXFKDPSZLOOQHYHUUHWUDFW
7KHQKHPXVWILJKW
1RKHZLOOQRWIRUKHZLOOWHOO\RXZKDWLVYHU\WUXH
WKDWSHUKDSVWKHUHZHUHILIW\RIILFHUVLQWKH*UHHNDUP\
EHDULQJWKHVDPHQDPH
:HZLOOILJKWQHYHUWKHOHVV,ZLOOHIIDFHWKDWEORWRQP\
IDWKHU
VFKDUDFWHU0\IDWKHUZKRZDVVXFKDEUDYHVROGLHU
ZKRVHFDUHHUZDVVREULOOLDQW
2KZHOOKHZLOODGGC:HDUHZDUUDQWHGLQEHOLHYLQJWKDW
WKLV)HUQDQGLVQRWWKHLOOXVWULRXV&RXQWRI0RUFHUIZKR

1002

DOVREHDUVWKHVDPH&KULVWLDQQDPH

,DPGHWHUPLQHGQRWWREHFRQWHQWZLWKDQ\WKLQJVKRUWRIDQ
HQWLUHUHWUDFWDWLRQ
$QG\RXLQWHQGWRPDNHKLPGRLWLQWKHSUHVHQFHRIWZR
ZLWQHVVHVGR\RX"
<HV
<RXGRZURQJ
:KLFKPHDQV,VXSSRVHWKDW\RXUHIXVHWKHVHUYLFHZKLFK,
DVNHGRI\RX"
<RXNQRZP\WKHRU\UHJDUGLQJGXHOV,WROG\RXP\RSLQLRQ
RQWKDWVXEMHFWLI\RXUHPHPEHUZKHQZHZHUHDW5RPH
1HYHUWKHOHVVP\GHDUFRXQW,IRXQG\RXWKLVPRUQLQJ
HQJDJHGLQDQRFFXSDWLRQEXWOLWWOHFRQVLVWHQWZLWKWKH
QRWLRQV\RXSURIHVVWRHQWHUWDLQ
%HFDXVHP\GHDUIHOORZ\RXXQGHUVWDQGRQHPXVWQHYHUEH
HFFHQWULF,IRQH
VORWLVFDVWDPRQJIRROVLWLVQHFHVVDU\
WRVWXG\IROO\,VKDOOSHUKDSVILQGP\VHOIRQHGD\FDOOHG
RXWE\VRPHKDUHEUDLQHGVFDPSZKRKDVQRPRUHUHDOFDXVHRI
TXDUUHOZLWKPHWKDQ\RXKDYHZLWK%HDXFKDPSKHPD\WDNHPH
WRWDVNIRUVRPHIRROLVKWULIOHRURWKHUKHZLOOEULQJKLV
ZLWQHVVHVRUZLOOLQVXOWPHLQVRPHSXEOLFSODFHDQG,DP
H[SHFWHGWRNLOOKLPIRUDOOWKDW
<RXDGPLWWKDW\RXZRXOGILJKWWKHQ":HOOLIVRZK\GR
\RXREMHFWWRP\GRLQJVR"
,GRQRWVD\WKDW\RXRXJKWQRWWRILJKW,RQO\VD\WKDWD
GXHOLVDVHULRXVWKLQJDQGRXJKWQRWWREHXQGHUWDNHQ
ZLWKRXWGXHUHIOHFWLRQ
'LGKHUHIOHFWEHIRUHKHLQVXOWHGP\IDWKHU"
,IKHVSRNHKDVWLO\DQGRZQVWKDWKHGLGVR\RXRXJKWWR
EHVDWLVILHG
$KP\GHDUFRXQW\RXDUHIDUWRRLQGXOJHQW

1003

$QG\RXDUHIDUWRRH[DFWLQJ6XSSRVLQJIRULQVWDQFHDQG
GRQRWEHDQJU\DWZKDW,DPJRLQJWRVD\
:HOO
6XSSRVLQJWKHDVVHUWLRQWREHUHDOO\WUXH"
$VRQRXJKWQRWWRVXEPLWWRVXFKDVWDLQRQKLVIDWKHU
V
KRQRU
0DIRLZHOLYHLQWLPHVZKHQWKHUHLVPXFKWRZKLFKZH
PXVWVXEPLW
7KDWLVSUHFLVHO\WKHIDXOWRIWKHDJH
$QGGR\RXXQGHUWDNHWRUHIRUPLW"
<HVDVIDUDV,DPSHUVRQDOO\FRQFHUQHG
:HOO\RXWKHLQGHHGH[DFWLQJP\GHDUIHOORZ
<HV,RZQLW
$UH\RXTXLWHLPSHUYLRXVWRJRRGDGYLFH"
1RWZKHQLWFRPHVIURPDIULHQG
$QGGR\RXDFFRXQWPHWKDWWLWOH"
&HUWDLQO\,GR
:HOOWKHQEHIRUHJRLQJWR%HDXFKDPSZLWK\RXUZLWQHVVHV
VHHNIXUWKHULQIRUPDWLRQRQWKHVXEMHFW
)URPZKRP"
)URP+DLGHH
:K\ZKDWFDQEHWKHXVHRIPL[LQJDZRPDQXSLQWKH
DIIDLU"ZKDWFDQVKHGRLQLW"
6KHFDQGHFODUHWR\RXIRUH[DPSOHWKDW\RXUIDWKHUKDG
QRKDQGZKDWHYHULQWKHGHIHDWDQGGHDWKRIWKHYL]LHURU

1004

LIE\FKDQFHKHKDGLQGHHGWKHPLVIRUWXQHWR
,KDYHWROG\RXP\GHDUFRXQWWKDW,ZRXOGQRWIRURQH
PRPHQWDGPLWRIVXFKDSURSRVLWLRQ
<RXUHMHFWWKLVPHDQVRILQIRUPDWLRQWKHQ"
,GRPRVWGHFLGHGO\
7KHQOHWPHRIIHURQHPRUHZRUGRIDGYLFH
'RVRWKHQEXWOHWLWEHWKHODVW
<RXGRQRWZLVKWRKHDULWSHUKDSV"
2QWKHFRQWUDU\,UHTXHVWLW
'RQRWWDNHDQ\ZLWQHVVHVZLWK\RXZKHQ\RXJRWR%HDXFKDPS
YLVLWKLPDORQH
7KDWZRXOGEHFRQWUDU\WRDOOFXVWRP
<RXUFDVHLVQRWDQRUGLQDU\RQH
$QGZKDWLV\RXUUHDVRQIRUDGYLVLQJPHWRJRDORQH"
%HFDXVHWKHQWKHDIIDLUZLOOUHVWEHWZHHQ\RXDQG
%HDXFKDPS
([SODLQ\RXUVHOI
,ZLOOGRVR,I%HDXFKDPSEHGLVSRVHGWRUHWUDFW\RX
RXJKWDWOHDVWWRJLYHKLPWKHRSSRUWXQLW\RIGRLQJLWRI
KLVRZQIUHHZLOOWKHVDWLVIDFWLRQWR\RXZLOOEHWKH
VDPH,IRQWKHFRQWUDU\KHUHIXVHVWRGRVRLWZLOOWKHQ
EHTXLWHWLPHHQRXJKWRDGPLWWZRVWUDQJHUVLQWR\RXU
VHFUHW
7KH\ZLOOQRWEHVWUDQJHUVWKH\ZLOOEHIULHQGV
$KEXWWKHIULHQGVRIWRGD\DUHWKHHQHPLHVRIWRPRUURZ
%HDXFKDPSIRULQVWDQFH
6R\RXUHFRPPHQG

1005

,UHFRPPHQG\RXWREHSUXGHQW
7KHQ\RXDGYLVHPHWRJRDORQHWR%HDXFKDPS"
,GRDQG,ZLOOWHOO\RXZK\:KHQ\RXZLVKWRREWDLQVRPH
FRQFHVVLRQIURPDPDQ
VVHOIORYH\RXPXVWDYRLGHYHQWKH
DSSHDUDQFHRIZLVKLQJWRZRXQGLW
,EHOLHYH\RXDUHULJKW
,DPJODGRILW
7KHQ,ZLOOJRDORQH
*REXW\RXZRXOGGREHWWHUVWLOOE\QRWJRLQJDWDOO
7KDWLVLPSRVVLEOH
'RVRWKHQLWZLOOEHDZLVHUSODQWKDQWKHILUVWZKLFK
\RXSURSRVHG
%XWLILQVSLWHRIDOOP\SUHFDXWLRQV,DPDWODVW
REOLJHGWRILJKWZLOO\RXQRWEHP\VHFRQG"
0\GHDUYLVFRXQWVDLG0RQWH&ULVWRJUDYHO\\RXPXVW
KDYHVHHQEHIRUHWRGD\WKDWDWDOOWLPHVDQGLQDOOSODFHV
,KDYHEHHQDW\RXUGLVSRVDOEXWWKHVHUYLFHZKLFK\RXKDYH
MXVWGHPDQGHGRIPHLVRQHZKLFKLWLVRXWRIP\SRZHUWR
UHQGHU\RX
:K\"
3HUKDSV\RXPD\NQRZDWVRPHIXWXUHSHULRGDQGLQWKHPHDQ
WLPH,UHTXHVW\RXWRH[FXVHP\GHFOLQLQJWRSXW\RXLQ
SRVVHVVLRQRIP\UHDVRQV
:HOO,ZLOOKDYH)UDQ]DQG&KDWHDX5HQDXGWKH\ZLOOEH
WKHYHU\PHQIRULW
'RVRWKHQ
%XWLI,GRILJKW\RXZLOOVXUHO\QRWREMHFWWRJLYLQJPH
DOHVVRQRUWZRLQVKRRWLQJDQGIHQFLQJ"

1006

7KDWWRRLVLPSRVVLEOH
:KDWDVLQJXODUEHLQJ\RXDUH\RXZLOOQRWLQWHUIHUHLQ
DQ\WKLQJ
<RXDUHULJKWWKDWLVWKHSULQFLSOHRQZKLFK,ZLVKWR
DFW
:HZLOOVD\QRPRUHDERXWLWWKHQ*RRGE\FRXQW
0RUFHUIWRRNKLVKDWDQGOHIWWKHURRP+HIRXQGKLV
FDUULDJHDWWKHGRRUDQGGRLQJKLVXWPRVWWRUHVWUDLQKLV
DQJHUKHZHQWDWRQFHWRILQG%HDXFKDPSZKRZDVLQKLV
RIILFH,WZDVDJORRP\GXVW\ORRNLQJDSDUWPHQWVXFKDV
MRXUQDOLVWV
RIILFHVKDYHDOZD\VEHHQIURPWLPHLPPHPRULDO
7KHVHUYDQWDQQRXQFHG0$OEHUWGH0RUFHUI%HDXFKDPS
UHSHDWHGWKHQDPHWRKLPVHOIDVWKRXJKKHFRXOGVFDUFHO\
EHOLHYHWKDWKHKDGKHDUGDULJKWDQGWKHQJDYHRUGHUVIRU
KLPWREHDGPLWWHG$OEHUWHQWHUHG%HDXFKDPSXWWHUHGDQ
H[FODPDWLRQRIVXUSULVHRQVHHLQJKLVIULHQGOHDSRYHUDQG
WUDPSOHXQGHUIRRWDOOWKHQHZVSDSHUVZKLFKZHUHVWUHZHG
DERXWWKHURRP7KLVZD\WKLVZD\P\GHDU$OEHUWVDLG
KHKROGLQJRXWKLVKDQGWRWKH\RXQJPDQ$UH\RXRXWRI
\RXUVHQVHVRUGR\RXFRPHSHDFHDEO\WRWDNHEUHDNIDVWZLWK
PH"7U\DQGILQGDVHDWWKHUHLVRQHE\WKDWJHUDQLXP
ZKLFKLVWKHRQO\WKLQJLQWKHURRPWRUHPLQGPHWKDWWKHUH
DUHRWKHUOHDYHVLQWKHZRUOGEHVLGHVOHDYHVRISDSHU
%HDXFKDPSVDLG$OEHUWLWLVRI\RXUMRXUQDOWKDW,FRPH
WRVSHDN
,QGHHG":KDWGR\RXZLVKWRVD\DERXWLW"
,GHVLUHWKDWDVWDWHPHQWFRQWDLQHGLQLWVKRXOGEH
UHFWLILHG
7RZKDWGR\RXUHIHU"%XWSUD\VLWGRZQ
7KDQN\RXVDLG$OEHUWZLWKDFROGDQGIRUPDOERZ
:LOO\RXQRZKDYHWKHNLQGQHVVWRH[SODLQWKHQDWXUHRIWKH
VWDWHPHQWZKLFKKDVGLVSOHDVHG\RX"
$QDQQRXQFHPHQWKDVEHHQPDGHZKLFKLPSOLFDWHVWKHKRQRURI

1007

DPHPEHURIP\IDPLO\
:KDWLVLW"VDLG%HDXFKDPSPXFKVXUSULVHGVXUHO\\RX
PXVWEHPLVWDNHQ
7KHVWRU\VHQW\RXIURP<DQLQD
<DQLQD"
<HVUHDOO\\RXDSSHDUWREHWRWDOO\LJQRUDQWRIWKHFDXVH
ZKLFKEULQJVPHKHUH
6XFKLVUHDOO\WKHFDVH,DVVXUH\RXXSRQP\KRQRU
%DSWLVWHJLYHPH\HVWHUGD\
VSDSHUFULHG%HDXFKDPS
+HUH,KDYHEURXJKWPLQHZLWKPHUHSOLHG$OEHUW
%HDXFKDPSWRRNWKHSDSHUDQGUHDGWKHDUWLFOHWRZKLFK
$OEHUWSRLQWHGLQDQXQGHUWRQH<RXVHHLWLVDVHULRXV
DQQR\DQFHVDLG0RUFHUIZKHQ%HDXFKDPSKDGILQLVKHGWKH
SHUXVDORIWKHSDUDJUDSK,VWKHRIILFHUUHIHUUHGWRD
UHODWLRQRI\RXUVWKHQ"GHPDQGHGWKHMRXUQDOLVW
<HVVDLG$OEHUWEOXVKLQJ
:HOOZKDWGR\RXZLVKPHWRGRIRU\RX"VDLG%HDXFKDPS
PLOGO\
0\GHDU%HDXFKDPS,ZLVK\RXWRFRQWUDGLFWWKLV
VWDWHPHQW%HDXFKDPSORRNHGDW$OEHUWZLWKDEHQHYROHQW
H[SUHVVLRQ
&RPHVDLGKHWKLVPDWWHUZLOOZDQWDJRRGGHDORI
WDONLQJRYHUDUHWUDFWDWLRQLVDOZD\VDVHULRXVWKLQJ\RX
NQRZ6LWGRZQDQG,ZLOOUHDGLWDJDLQ$OEHUWUHVXPHG
KLVVHDWDQG%HDXFKDPSUHDGZLWKPRUHDWWHQWLRQWKDQDW
ILUVWWKHOLQHVGHQRXQFHGE\KLVIULHQG:HOOVDLG
$OEHUWLQDGHWHUPLQHGWRQH\RXVHHWKDW\RXUSDSHUKLV
LQVXOWHGDPHPEHURIP\IDPLO\DQG,LQVLVWRQD
UHWUDFWDWLRQEHLQJPDGH
<RXLQVLVW"
<HV,LQVLVW

1008

3HUPLWPHWRUHPLQG\RXWKDW\RXDUHQRWLQWKH&KDPEHUP\
GHDU9LVFRXQW
1RUGR,ZLVKWREHWKHUHUHSOLHGWKH\RXQJPDQULVLQJ
,UHSHDWWKDW,DPGHWHUPLQHGWRKDYHWKHDQQRXQFHPHQWRI
\HVWHUGD\FRQWUDGLFWHG<RXKDYHNQRZQPHORQJHQRXJK
FRQWLQXHG$OEHUWELWLQJKLVOLSVFRQYXOVLYHO\IRUKHVDZ
WKDW%HDXFKDPS
VDQJHUZDVEHJLQQLQJWRULVH\RXKDYH
EHHQP\IULHQGDQGWKHUHIRUHVXIILFLHQWO\LQWLPDWHZLWKPH
WREHDZDUHWKDW,DPOLNHO\WRPDLQWDLQP\UHVROXWLRQRQ
WKLVSRLQW
,I,KDYHEHHQ\RXUIULHQG0RUFHUI\RXUSUHVHQWPDQQHURI
VSHDNLQJZRXOGDOPRVWOHDGPHWRIRUJHWWKDW,HYHUERUH
WKDWWLWOH%XWZDLWDPRPHQWGRQRWOHWXVJHWDQJU\RU
DWOHDVWQRW\HW<RXDUHLUULWDWHGDQGYH[HGWHOOPHKRZ
WKLV)HUQDQGLVUHODWHGWR\RX"
+HLVPHUHO\P\IDWKHUVDLG$OEHUW0)HUQDQG
0RQGHJR&RXQWRI0RUFHUIDQROGVROGLHUZKRKDVIRXJKWLQ
WZHQW\EDWWOHVDQGZKRVHKRQRUDEOHVFDUVWKH\ZRXOGGHQRXQFH
DVEDGJHVRIGLVJUDFH
,VLW\RXUIDWKHU"VDLG%HDXFKDPSWKDWLVTXLWHDQRWKHU
WKLQJ7KHQFDQZHOOXQGHUVWDQG\RXULQGLJQDWLRQP\GHDU
$OEHUW,ZLOOORRNDWLWDJDLQDQGKHUHDGWKHSDUDJUDSK
IRUWKHWKLUGWLPHOD\LQJDVWUHVVRQHDFKZRUGDVKH
SURFHHGHG%XWWKHSDSHUQRZKHUHLGHQWLILHVWKLV)HUQDQG
ZLWK\RXUIDWKHU
1REXWWKHFRQQHFWLRQZLOOEHVHHQE\RWKHUVDQG
WKHUHIRUH,ZLOOKDYHWKHDUWLFOHFRQWUDGLFWHG$WWKH
ZRUGV,ZLOO%HDXFKDPSVWHDGLO\UDLVHGKLVH\HVWR
$OEHUW
VFRXQWHQDQFHDQGWKHQDVJUDGXDOO\ORZHULQJWKHP
KHUHPDLQHGWKRXJKWIXOIRUDIHZPRPHQWV<RXZLOOUHWUDFW
WKLVDVVHUWLRQZLOO\RXQRW%HDXFKDPS"VDLG$OEHUWZLWK
LQFUHDVHGWKRXJKVWLIOHGDQJHU
<HVUHSOLHG%HDXFKDPS
,PPHGLDWHO\"VDLG$OEHUW
:KHQ,DPFRQYLQFHGWKDWWKHVWDWHPHQWLVIDOVH

1009

:KDW"
7KHWKLQJLVZRUWKORRNLQJLQWRDQG,ZLOOWDNHSDLQVWR
LQYHVWLJDWHWKHPDWWHUWKRURXJKO\
%XWZKDWLVWKHUHWRLQYHVWLJDWHVLU"VDLG$OEHUW
HQUDJHGEH\RQGPHDVXUHDW%HDXFKDPS
VODVWUHPDUN,I\RX
GRQRWEHOLHYHWKDWLWLVP\IDWKHUVD\VRLPPHGLDWHO\DQG
LIRQWKHFRQWUDU\\RXEHOLHYHLWWREHKLPVWDWH\RXU
UHDVRQVIRUGRLQJVR%HDXFKDPSORRNHGDW$OEHUWZLWKWKH
VPLOHZKLFKZDVVRSHFXOLDUWRKLPDQGZKLFKLQLWV
QXPHURXVPRGLILFDWLRQVVHUYHGWRH[SUHVVHYHU\YDULHG
HPRWLRQRIKLVPLQG6LUUHSOLHGKHLI\RXFDPHWRPH
ZLWKWKHLGHDRIGHPDQGLQJVDWLVIDFWLRQ\RXVKRXOGKDYH
JRQHDWRQFHWRWKHSRLQWDQGQRWKDYHHQWHUWDLQHGPHZLWK
WKHLGOHFRQYHUVDWLRQWRZKLFK,KDYHEHHQSDWLHQWO\
OLVWHQLQJIRUWKHODVWKDOIKRXU$P,WRSXWWKLV
FRQVWUXFWLRQRQ\RXUYLVLW"
<HVLI\RXZLOOQRWFRQVHQWWRUHWUDFWWKDWLQIDPRXV
FDOXPQ\
:DLWDPRPHQWQRWKUHDWVLI\RXSOHDVH0)HUQDQG
0RQGHJR9LFRPWHGH0RUFHUI,QHYHUDOORZWKHPIURPP\
HQHPLHVDQGWKHUHIRUHVKDOOQRWSXWXSZLWKWKHPIURPP\
IULHQGV<RXLQVLVWRQP\FRQWUDGLFWLQJWKHDUWLFOHUHODWLQJ
WR*HQHUDO)HUQDQGDQDUWLFOHZLWKZKLFK,DVVXUH\RXRQ
P\ZRUGRIKRQRU,KDGQRWKLQJZKDWHYHUWRGR"
<HV,LQVLVWRQLWVDLG$OEHUWZKRVHPLQGZDVEHJLQQLQJ
WRJHWEHZLOGHUHGZLWKWKHH[FLWHPHQWRIKLVIHHOLQJV
$QGLI,UHIXVHWRUHWUDFW\RXZLVKWRILJKWGR\RX"
VDLG%HDXFKDPSLQDFDOPWRQH
<HVUHSOLHG$OEHUWUDLVLQJKLVYRLFH
:HOOVDLG%HDXFKDPSKHUHLVP\DQVZHUP\GHDUVLU7KH
DUWLFOHZDVQRWLQVHUWHGE\PH,ZDVQRWHYHQDZDUHRI
LWEXW\RXKDYHE\WKHVWHS\RXKDYHWDNHQFDOOHGP\
DWWHQWLRQWRWKHSDUDJUDSKLQTXHVWLRQDQGLWZLOOUHPDLQ
XQWLOLWVKDOOEHHLWKHUFRQWUDGLFWHGRUFRQILUPHGE\VRPH
RQHZKRKDVDULJKWWRGRVR

1010

6LUVDLG$OEHUWULVLQJ,ZLOOGRP\VHOIWKHKRQRURI
VHQGLQJP\VHFRQGVWR\RXDQG\RXZLOOEHNLQGHQRXJKWR
DUUDQJHZLWKWKHPWKHSODFHRIPHHWLQJDQGWKHZHDSRQV
&HUWDLQO\P\GHDUVLU
$QGWKLVHYHQLQJLI\RXSOHDVHRUWRPRUURZDWWKH
ODWHVWZHZLOOPHHW
1RQR,ZLOOEHRQWKHJURXQGDWWKHSURSHUWLPHEXWLQ
P\RSLQLRQ DQG,KDYHDULJKWWRGLFWDWHWKHSUHOLPLQDULHV
DVLWLV,ZKRKDYHUHFHLYHGWKHSURYRFDWLRQ LQP\
RSLQLRQWKHWLPHRXJKWQRWWREH\HW,NQRZ\RXWREHZHOO
VNLOOHGLQWKHPDQDJHPHQWRIWKHVZRUGZKLOH,DPRQO\
PRGHUDWHO\VR,NQRZWRRWKDW\RXDUHDJRRGPDUNVPDQ
WKHUHZHDUHDERXWHTXDO,NQRZWKDWDGXHOEHWZHHQXVWZR
ZRXOGEHDVHULRXVDIIDLUEHFDXVH\RXDUHEUDYHDQG,DP
EUDYHDOVR,GRQRWWKHUHIRUHZLVKHLWKHUWRNLOO\RXRU
WREHNLOOHGP\VHOIZLWKRXWDFDXVH1RZ,DPJRLQJWRSXW
DTXHVWLRQWR\RXDQGRQHYHU\PXFKWRWKHSXUSRVHWRR'R
\RXLQVLVWRQWKLVUHWUDFWDWLRQVRIDUDVWRNLOOPHLI,GR
QRWPDNHLWDOWKRXJK,KDYHUHSHDWHGPRUHWKDQRQFHDQG
DIILUPHGRQP\KRQRUWKDW,ZDVLJQRUDQWRIWKHWKLQJZLWK
ZKLFK\RXFKDUJHPHDQGDOWKRXJK,VWLOOGHFODUHWKDWLWLV
LPSRVVLEOHIRUDQ\RQHEXW\RXWRUHFRJQL]HWKH&RXQWRI
0RUFHUIXQGHUWKHQDPHRI)HUQDQG"
,PDLQWDLQP\RULJLQDOUHVROXWLRQ
9HU\ZHOOP\GHDUVLUWKHQ,FRQVHQWWRFXWWKURDWVZLWK
\RX%XW,UHTXLUHWKUHHZHHNV
SUHSDUDWLRQDWWKHHQGRI
WKDWWLPH,VKDOOFRPHDQGVD\WR\RXC7KHDVVHUWLRQLV
IDOVHDQG,UHWUDFWLW
RUC7KHDVVHUWLRQLVWUXH
ZKHQ,
VKDOOLPPHGLDWHO\GUDZWKHVZRUGIURPLWVVKHDWKRUWKH
SLVWROVIURPWKHFDVHZKLFKHYHU\RXSOHDVH
7KUHHZHHNVFULHG$OEHUWWKH\ZLOOSDVVDVVORZO\DV
WKUHHFHQWXULHVZKHQ,DPDOOWKHWLPHVXIIHULQJGLVKRQRU
+DG\RXFRQWLQXHGWRUHPDLQRQDPLFDEOHWHUPVZLWKPH,
VKRXOGKDYHVDLGC3DWLHQFHP\IULHQG
EXW\RXKDYH
FRQVWLWXWHG\RXUVHOIP\HQHP\WKHUHIRUH,VD\C:KDWGRHV
WKDWVLJQLI\WRPHVLU"


1011

:HOOOHWLWEHWKUHHZHHNVWKHQVDLG0RUFHUIEXW
UHPHPEHUDWWKHH[SLUDWLRQRIWKDWWLPHQRGHOD\RU
VXEWHUIXJHZLOOMXVWLI\\RXLQ
0$OEHUWGH0RUFHUIVDLG%HDXFKDPSULVLQJLQKLVWXUQ
,FDQQRWWKURZ\RXRXWRIZLQGRZIRUWKUHHZHHNVWKDWLV
WRVD\IRUWZHQW\IRXUGD\VWRFRPHQRUKDYH\RXDQ\
ULJKWWRVSOLWP\VNXOORSHQWLOOWKDWWLPHKDVHODSVHG
7RGD\LVWKHWKRI$XJXVWWKHVWRI6HSWHPEHUZLOO
WKHUHIRUHEHWKHFRQFOXVLRQRIWKHWHUPDJUHHGRQDQGWLOO
WKDWWLPHDUULYHVDQGLWLVWKHDGYLFHRIDJHQWOHPDQ
ZKLFK,DPDERXWWRJLYH\RXWLOOWKHQZHZLOOUHIUDLQ
IURPJURZOLQJDQGEDUNLQJOLNHWZRGRJVFKDLQHGZLWKLQVLJKW
RIHDFKRWKHU:KHQKHKDGFRQFOXGHGKLVVSHHFK%HDXFKDPS
ERZHGFROGO\WR$OEHUWWXUQHGKLVEDFNXSRQKLPDQGZHQW
WRWKHSUHVVURRP
$OEHUWYHQWHGKLVDQJHURQDSLOHRIQHZVSDSHUVZKLFKKH
VHQWIO\LQJDOORYHUWKHRIILFHE\VZLWFKLQJWKHPYLROHQWO\
ZLWKKLVVWLFNDIWHUZKLFKHEXOOLWLRQKHGHSDUWHGQRW
KRZHYHUZLWKRXWZDONLQJVHYHUDOWLPHVWRWKHGRRURIWKH
SUHVVURRPDVLIKHKDGKDOIDPLQGWRHQWHU:KLOH$OEHUW
ZDVODVKLQJWKHIURQWRIKLVFDUULDJHLQWKHVDPHPDQQHU
WKDWKHKDGWKHQHZVSDSHUVZKLFKZHUHWKHLQQRFHQWDJHQWVRI
KLVGLVFRPILWXUHDVKHZDVFURVVLQJWKHEDUULHUKH
SHUFHLYHG0RUUHOZKRZDVZDONLQJZLWKDTXLFNVWHSDQGD
EULJKWH\H+HZDVSDVVLQJWKH&KLQHVH%DWKVDQGDSSHDUHG
WRKDYHFRPHIURPWKHGLUHFWLRQRIWKH3RUWH6DLQW0DUWLQ
DQGWREHJRLQJWRZDUGVWKH0DGHOHLQH$KVDLG0RUFHUI
WKHUHJRHVDKDSS\PDQ$QGLWVRKDSSHQHG$OEHUWZDVQRW
PLVWDNHQLQKLVRSLQLRQ

&KDSWHU
7KH/HPRQDGH
0RUUHOZDVLQIDFWYHU\KDSS\01RLUWLHUKDGMXVWVHQW
IRUKLPDQGKHZDVLQVXFKKDVWHWRNQRZWKHUHDVRQRIKLV
GRLQJVRWKDWKHKDGQRWVWRSSHGWRWDNHDFDESODFLQJ
LQILQLWHO\PRUHGHSHQGHQFHRQKLVRZQWZROHJVWKDQRQWKH
IRXUOHJVRIDFDEKRUVH+HKDGWKHUHIRUHVHWRIIDWD
IXULRXVUDWHIURPWKH5XH0HVOD\DQGZDVKDVWHQLQJZLWK

1012

UDSLGVWULGHVLQWKHGLUHFWLRQRIWKH)DXERXUJ6DLQW+RQRUH
0RUUHODGYDQFHGZLWKDILUPPDQO\WUHDGDQGSRRU%DUURLV
IROORZHGKLPDVKHEHVWPLJKW0RUUHOZDVRQO\WKLUW\RQH
%DUURLVZDVVL[W\\HDUVRIDJH0RUUHOZDVGHHSO\LQORYH
DQG%DUURLVZDVG\LQJZLWKKHDWDQGH[HUWLRQ7KHVHWZRPHQ
WKXVRSSRVHGLQDJHDQGLQWHUHVWVUHVHPEOHGWZRSDUWVRID
WULDQJOHSUHVHQWLQJWKHH[WUHPHVRIVHSDUDWLRQ\HW
QHYHUWKHOHVVSRVVHVVLQJWKHLUSRLQWRIXQLRQ7KLVSRLQWRI
XQLRQZDV1RLUWLHUDQGLWZDVKHZKRKDGMXVWVHQWIRU
0RUUHOZLWKWKHUHTXHVWWKDWWKHODWWHUZRXOGORVHQRWLPH
LQFRPLQJWRKLPDFRPPDQGZKLFK0RUUHOREH\HGWRWKH
OHWWHUWRWKHJUHDWGLVFRPILWXUHRI%DUURLV2QDUULYLQJDW
WKHKRXVH0RUUHOZDVQRWHYHQRXWRIEUHDWKIRUORYHOHQGV
ZLQJVWRRXUGHVLUHVEXW%DUURLVZKRKDGORQJIRUJRWWHQ
ZKDWLWZDVWRORYHZDVVRUHO\IDWLJXHGE\WKHH[SHGLWLRQ
KHKDGEHHQFRQVWUDLQHGWRXVH
7KHROGVHUYDQWLQWURGXFHG0RUUHOE\DSULYDWHHQWUDQFH
FORVHGWKHGRRURIWKHVWXG\DQGVRRQWKHUXVWOLQJRID
GUHVVDQQRXQFHGWKHDUULYDORI9DOHQWLQH6KHORRNHG
PDUYHOORXVO\EHDXWLIXOLQKHUGHHSPRXUQLQJGUHVVDQG
0RUUHOH[SHULHQFHGVXFKLQWHQVHGHOLJKWLQJD]LQJXSRQKHU
WKDWKHIHOWDVLIKHFRXOGDOPRVWKDYHGLVSHQVHGZLWKWKH
FRQYHUVDWLRQRIKHUJUDQGIDWKHU%XWWKHHDV\FKDLURIWKH
ROGPDQZDVKHDUGUROOLQJDORQJWKHIORRUDQGKHVRRQPDGH
KLVDSSHDUDQFHLQWKHURRP1RLUWLHUDFNQRZOHGJHGE\DORRN
RIH[WUHPHNLQGQHVVDQGEHQHYROHQFHWKHWKDQNVZKLFK0RUUHO
ODYLVKHGRQKLPIRUKLVWLPHO\LQWHUYHQWLRQRQEHKDOIRI
9DOHQWLQHDQGKLPVHOIDQLQWHUYHQWLRQZKLFKKDGVDYHG
WKHPIURPGHVSDLU0RUUHOWKHQFDVWRQWKHLQYDOLGDQ
LQWHUURJDWLYHORRNDVWRWKHQHZIDYRUZKLFKKHGHVLJQHGWR
EHVWRZRQKLP9DOHQWLQHZDVVLWWLQJDWDOLWWOHGLVWDQFH
IURPWKHPWLPLGO\DZDLWLQJWKHPRPHQWZKHQVKHVKRXOGEH
REOLJHGWRVSHDN1RLUWLHUIL[HGKLVH\HVRQKHU$P,WR
VD\ZKDW\RXWROGPH"DVNHG9DOHQWLQH1RLUWLHUPDGHDVLJQ
WKDWVKHZDVWRGRVR
0RQVLHXU0RUUHOVDLG9DOHQWLQHWRWKH\RXQJPDQZKRZDV
UHJDUGLQJKHUZLWKWKHPRVWLQWHQVHLQWHUHVWP\
JUDQGIDWKHU01RLUWLHUKDGDWKRXVDQGWKLQJVWRVD\
ZKLFKKHWROGPHWKUHHGD\VDJRDQGQRZKHKDVVHQWIRU
\RXWKDW,PD\UHSHDWWKHPWR\RX,ZLOOUHSHDWWKHP
WKHQDQGVLQFHKHKDVFKRVHQPHDVKLVLQWHUSUHWHU,ZLOO
EHIDLWKIXOWRWKHWUXVWDQGZLOOQRWDOWHUDZRUGRIKLV

1013

LQWHQWLRQV
2K,DPOLVWHQLQJZLWKWKHJUHDWHVWLPSDWLHQFHUHSOLHG
WKH\RXQJPDQVSHDN,EHJRI\RX9DOHQWLQHFDVWGRZQ
KHUH\HVWKLVZDVDJRRGRPHQIRU0RUUHOIRUKHNQHZWKDW
QRWKLQJEXWKDSSLQHVVFRXOGKDYHWKHSRZHURIWKXV
RYHUFRPLQJ9DOHQWLQH0\JUDQGIDWKHULQWHQGVOHDYLQJWKLV
KRXVHVDLGVKHDQG%DUURLVLVORRNLQJRXWVXLWDEOH
DSDUWPHQWVIRUKLPLQDQRWKHU
%XW\RX0DGHPRLVHOOHGH9LOOHIRUW\RXZKRDUH
QHFHVVDU\WR01RLUWLHU
VKDSSLQHVV
,"LQWHUUXSWHG9DOHQWLQH,VKDOOQRWOHDYHP\
JUDQGIDWKHUWKDWLVDQXQGHUVWRRGWKLQJEHWZHHQXV0\
DSDUWPHQWZLOOEHFORVHWRKLV1RZ0GH9LOOHIRUWPXVW
HLWKHUJLYHKLVFRQVHQWWRWKLVSODQRUKLVUHIXVDOLQWKH
ILUVWFDVH,VKDOOOHDYHGLUHFWO\DQGLQWKHVHFRQG,
VKDOOZDLWWLOO,DPRIDJHZKLFKZLOOEHLQDERXWWHQ
PRQWKV7KHQ,VKDOOEHIUHH,VKDOOKDYHDQLQGHSHQGHQW
IRUWXQHDQG
$QGZKDW"GHPDQGHG0RUUHO
$QGZLWKP\JUDQGIDWKHU
VFRQVHQW,VKDOOIXOILOWKH
SURPLVHZKLFK,KDYHPDGH\RX9DOHQWLQHSURQRXQFHGWKHVH
ODVWIHZZRUGVLQVXFKDORZWRQHWKDWQRWKLQJEXW0RUUHO
V
LQWHQVHLQWHUHVWLQZKDWVKHZDVVD\LQJFRXOGKDYHHQDEOHG
KLPWRKHDUWKHP+DYH,QRWH[SODLQHG\RXUZLVKHV
JUDQGSDSD"VDLG9DOHQWLQHDGGUHVVLQJ1RLUWLHU<HV
ORRNHGWKHROGPDQ2QFHXQGHUP\JUDQGIDWKHU
VURRI0
0RUUHOFDQYLVLWPHLQWKHSUHVHQFHRIP\JRRGDQGZRUWK\
SURWHFWRULIZHVWLOOIHHOWKDWWKHXQLRQZHFRQWHPSODWHG
ZLOOEHOLNHO\WRLQVXUHRXUIXWXUHFRPIRUWDQGKDSSLQHVV
LQWKDWFDVH,VKDOOH[SHFW00RUUHOWRFRPHDQGFODLPPH
DWP\RZQKDQGV%XWDODV,KDYHKHDUGLWVDLGWKDWKHDUWV
LQIODPHGE\REVWDFOHVWRWKHLUGHVLUHJUHZFROGLQWLPHRI
VHFXULW\,WUXVWZHVKDOOQHYHUILQGLWVRLQRXU
H[SHULHQFH
2KFULHG0RUUHODOPRVWWHPSWHGWRWKURZKLPVHOIRQKLV
NQHHVEHIRUH1RLUWLHUDQG9DOHQWLQHDQGWRDGRUHWKHPDV
WZRVXSHULRUEHLQJVZKDWKDYH,HYHUGRQHLQP\OLIHWR
PHULWVXFKXQERXQGHGKDSSLQHVV"

1014

8QWLOWKDWWLPHFRQWLQXHGWKH\RXQJJLUOLQDFDOPDQG
VHOISRVVHVVHGWRQHRIYRLFHZHZLOOFRQIRUPWR
FLUFXPVWDQFHVDQGEHJXLGHGE\WKHZLVKHVRIRXUIULHQGV
VRORQJDVWKRVHZLVKHVGRQRWWHQGILQDOO\WRVHSDUDWHXV
LQDZRUGDQG,UHSHDWLWEHFDXVHLWH[SUHVVHVDOO,ZLVK
WRFRQYH\ZHZLOOZDLW
$QG,VZHDUWRPDNHDOOWKHVDFULILFHVZKLFKWKLVZRUG
LPSRVHVVLUVDLG0RUUHOQRWRQO\ZLWKUHVLJQDWLRQEXW
ZLWKFKHHUIXOQHVV
7KHUHIRUHFRQWLQXHG9DOHQWLQHORRNLQJSOD\IXOO\DW
0D[LPLOLDQQRPRUHLQFRQVLGHUDWHDFWLRQVQRPRUHUDVK
SURMHFWVIRU\RXVXUHO\ZRXOGQRWZLVKWRFRPSURPLVHRQH
ZKRIURPWKLVGD\UHJDUGVKHUVHOIDVGHVWLQHGKRQRUDEO\DQG
KDSSLO\WREHDU\RXUQDPH"
0RUUHOORRNHGREHGLHQFHWRKHUFRPPDQGV1RLUWLHUUHJDUGHG
WKHORYHUVZLWKDORRNRILQHIIDEOHWHQGHUQHVVZKLOH
%DUURLVZKRKDGUHPDLQHGLQWKHURRPLQWKHFKDUDFWHURID
PDQSULYLOHJHGWRNQRZHYHU\WKLQJWKDWSDVVHGVPLOHGRQWKH
\RXWKIXOFRXSOHDVKHZLSHGWKHSHUVSLUDWLRQIURPKLVEDOG
IRUHKHDG+RZKRW\RXORRNP\JRRG%DUURLVVDLG
9DOHQWLQH
$K,KDYHEHHQUXQQLQJYHU\IDVWPDGHPRLVHOOHEXW,PXVW
GR00RUUHOWKHMXVWLFHWRVD\WKDWKHUDQVWLOOIDVWHU
1RLUWLHUGLUHFWHGWKHLUDWWHQWLRQWRDZDLWHURQZKLFKZDV
SODFHGDGHFDQWHUFRQWDLQLQJOHPRQDGHDQGDJODVV7KH
GHFDQWHUZDVQHDUO\IXOOZLWKWKHH[FHSWLRQRIDOLWWOH
ZKLFKKDGEHHQDOUHDG\GUXQNE\01RLUWLHU
&RPH%DUURLVVDLGWKH\RXQJJLUOWDNHVRPHRIWKLV
OHPRQDGH,VHH\RXDUHFRYHWLQJDJRRGGUDXJKWRILW
7KHIDFWLVPDGHPRLVHOOHVDLG%DUURLV,DPG\LQJZLWK
WKLUVWDQGVLQFH\RXDUHVRNLQGDVWRRIIHULWPH,
FDQQRWVD\,VKRXOGDWDOOREMHFWWRGULQNLQJ\RXUKHDOWKLQ
DJODVVRILW
7DNHVRPHWKHQDQGFRPHEDFNLPPHGLDWHO\%DUURLVWRRN
DZD\WKHZDLWHUDQGKDUGO\ZDVKHRXWVLGHWKHGRRUZKLFK
LQKLVKDVWHKHIRUJRWWRVKXWWKDQWKH\VDZKLPWKURZEDFN

1015

KLVKHDGDQGHPSW\WRWKHYHU\GUHJVWKHJODVVZKLFK
9DOHQWLQHKDGILOOHG9DOHQWLQHDQG0RUUHOZHUHH[FKDQJLQJ
WKHLUDGLHX[LQWKHSUHVHQFHRI1RLUWLHUZKHQDULQJZDV
KHDUGDWWKHGRRUEHOO,WZDVWKHVLJQDORIDYLVLW
9DOHQWLQHORRNHGDWKHUZDWFK
,WLVSDVWQRRQVDLGVKHDQGWRGD\LV6DWXUGD\,GDUH
VD\LWLVWKHGRFWRUJUDQGSDSD1RLUWLHUORRNHGKLV
FRQYLFWLRQWKDWVKHZDVULJKWLQKHUVXSSRVLWLRQ+HZLOO
FRPHLQKHUHDQG00RUUHOKDGEHWWHUJRGR\RXQRW
WKLQNVRJUDQGSDSD"
<HVVLJQHGWKHROGPDQ
%DUURLVFULHG9DOHQWLQH%DUURLV
,DPFRPLQJPDGHPRLVHOOHUHSOLHGKH%DUURLVZLOORSHQ
WKHGRRUIRU\RXVDLG9DOHQWLQHDGGUHVVLQJ0RUUHO$QG
QRZUHPHPEHURQHWKLQJ0RQVLHXU2IILFHUWKDWP\
JUDQGIDWKHUFRPPDQGV\RXQRWWRWDNHDQ\UDVKRULOODGYLVHG
VWHSZKLFKZRXOGEHOLNHO\WRFRPSURPLVHRXUKDSSLQHVV
,SURPLVHGKLPWRZDLWUHSOLHG0RUUHODQG,ZLOOZDLW
$WWKLVPRPHQW%DUURLVHQWHUHG:KRUDQJ"DVNHG9DOHQWLQH
'RFWRUG
$YULJQ\VDLG%DUURLVVWDJJHULQJDVLIKHZRXOG
IDOO
:KDWLVWKHPDWWHU%DUURLV"VDLG9DOHQWLQH7KHROGPDQ
GLGQRWDQVZHUEXWORRNHGDWKLVPDVWHUZLWKZLOGVWDULQJ
H\HVZKLOHZLWKKLVFUDPSHGKDQGKHJUDVSHGDSLHFHRI
IXUQLWXUHWRHQDEOHKLPWRVWDQGXSULJKW+HLVJRLQJWR
IDOOFULHG0RUUHO7KHULJRUVZKLFKKDGDWWDFNHG%DUURLV
JUDGXDOO\LQFUHDVHGWKHIHDWXUHVRIWKHIDFHEHFDPHTXLWH
DOWHUHGDQGWKHFRQYXOVLYHPRYHPHQWRIWKHPXVFOHVDSSHDUHG
WRLQGLFDWHWKHDSSURDFKRIDPRVWVHULRXVQHUYRXVGLVRUGHU
1RLUWLHUVHHLQJ%DUURLVLQWKLVSLWLDEOHFRQGLWLRQVKRZHG
E\KLVORRNVDOOWKHYDULRXVHPRWLRQVRIVRUURZDQGV\PSDWK\
ZKLFKFDQDQLPDWHWKHKHDUWRIPDQ%DUURLVPDGHVRPHVWHSV
WRZDUGVKLVPDVWHU
$KVLUVDLGKHWHOOPHZKDWLVWKHPDWWHUZLWKPH,
DPVXIIHULQJ,FDQQRWVHH$WKRXVDQGILHU\GDUWVDUH

1016

SLHUFLQJP\EUDLQ$KGRQ
WWRXFKPHSUD\GRQ
W%\WKLV
WLPHKLVKDJJDUGH\HVKDGWKHDSSHDUDQFHRIEHLQJUHDG\WR
VWDUWIURPWKHLUVRFNHWVKLVKHDGIHOOEDFNDQGWKHORZHU
H[WUHPLWLHVRIWKHERG\EHJDQWRVWLIIHQ9DOHQWLQHXWWHUHG
DFU\RIKRUURU0RUUHOWRRNKHULQKLVDUPVDVLIWR
GHIHQGKHUIURPVRPHXQNQRZQGDQJHU0G
$YULJQ\0
G
$YULJQ\FULHGVKHLQDVWLIOHGYRLFH+HOSKHOS
%DUURLVWXUQHGURXQGDQGZLWKDJUHDWHIIRUWVWXPEOHGDIHZ
VWHSVWKHQIHOODWWKHIHHWRI1RLUWLHUDQGUHVWLQJKLV
KDQGRQWKHNQHHRIWKHLQYDOLGH[FODLPHG0\PDVWHUP\
JRRGPDVWHU$WWKLVPRPHQW0GH9LOOHIRUWDWWUDFWHGE\
WKHQRLVHDSSHDUHGRQWKHWKUHVKROG0RUUHOUHOD[HGKLV
KROGRI9DOHQWLQHDQGUHWUHDWLQJWRDGLVWDQWFRUQHURIWKH
URRPUHPDLQHGKDOIKLGGHQEHKLQGDFXUWDLQ3DOHDVLIKH
KDGEHHQJD]LQJRQDVHUSHQWKHIL[HGKLVWHUULILHGH\HRQ
WKHDJRQL]HGVXIIHUHU
1RLUWLHUEXUQLQJZLWKLPSDWLHQFHDQGWHUURUZDVLQGHVSDLU
DWKLVXWWHULQDELOLW\WRKHOSKLVROGGRPHVWLFZKRPKH
UHJDUGHGPRUHLQWKHOLJKWRIDIULHQGWKDQDVHUYDQW2QH
PLJKWE\WKHIHDUIXOVZHOOLQJRIWKHYHLQVRIKLVIRUHKHDG
DQGWKHFRQWUDFWLRQRIWKHPXVFOHVURXQGWKHH\HWUDFHWKH
WHUULEOHFRQIOLFWZKLFKZDVJRLQJRQEHWZHHQWKHOLYLQJ
HQHUJHWLFPLQGDQGWKHLQDQLPDWHDQGKHOSOHVVERG\%DUURLV
KLVIHDWXUHVFRQYXOVHGKLVH\HVVXIIXVHGZLWKEORRGDQG
KLVKHDGWKURZQEDFNZDVO\LQJDWIXOOOHQJWKEHDWLQJWKH
IORRUZLWKKLVKDQGVZKLOHKLVOHJVKDGEHFRPHVRVWLII
WKDWWKH\ORRNHGDVLIWKH\ZRXOGEUHDNUDWKHUWKDQEHQG$
VOLJKWDSSHDUDQFHRIIRDPZDVYLVLEOHDURXQGWKHPRXWKDQG
KHEUHDWKHGSDLQIXOO\DQGZLWKH[WUHPHGLIILFXOW\
9LOOHIRUWVHHPHGVWXSHILHGZLWKDVWRQLVKPHQWDQGUHPDLQHG
JD]LQJLQWHQWO\RQWKHVFHQHEHIRUHKLPZLWKRXWXWWHULQJD
ZRUG+HKDGQRWVHHQ0RUUHO$IWHUDPRPHQWRIGXPE
FRQWHPSODWLRQGXULQJZKLFKKLVIDFHEHFDPHSDOHDQGKLV
KDLUVHHPHGWRVWDQGRQHQGKHVSUDQJWRZDUGVWKHGRRU
FU\LQJRXW'RFWRUGRFWRUFRPHLQVWDQWO\SUD\FRPH
0DGDPHPDGDPHFULHG9DOHQWLQHFDOOLQJKHUVWHSPRWKHU
DQGUXQQLQJXSVWDLUVWRPHHWKHUFRPHTXLFNTXLFN
DQGEULQJ\RXUERWWOHRIVPHOOLQJVDOWVZLWK\RX
:KDWLVWKHPDWWHU"VDLG0DGDPHGH9LOOHIRUWLQDKDUVK
DQGFRQVWUDLQHGWRQH

1017

2KFRPHFRPH
%XWZKHUHLVWKHGRFWRU"H[FODLPHG9LOOHIRUWZKHUHLV
KH"0DGDPHGH9LOOHIRUWQRZGHOLEHUDWHO\GHVFHQGHGWKH
VWDLUFDVH,QRQHKDQGVKHKHOGKHUKDQGNHUFKLHIZLWKZKLFK
VKHDSSHDUHGWREHZLSLQJKHUIDFHDQGLQWKHRWKHUD
ERWWOHRI(QJOLVKVPHOOLQJVDOWV+HUILUVWORRNRQHQWHULQJ
WKHURRPZDVDW1RLUWLHUZKRVHIDFHLQGHSHQGHQWRIWKH
HPRWLRQZKLFKVXFKDVFHQHFRXOGQRWIDLORISURGXFLQJ
SURFODLPHGKLPWREHLQSRVVHVVLRQRIKLVXVXDOKHDOWKKHU
VHFRQGJODQFHZDVDWWKHG\LQJPDQ6KHWXUQHGSDOHDQGKHU
H\HSDVVHGTXLFNO\IURPWKHVHUYDQWDQGUHVWHGRQWKH
PDVWHU
,QWKHQDPHRIKHDYHQPDGDPHVDLG9LOOHIRUWZKHUHLV
WKHGRFWRU"+HZDVZLWK\RXMXVWQRZ<RXVHHWKLVLVDILW
RIDSRSOH[\DQGKHPLJKWEHVDYHGLIKHFRXOGEXWEHEOHG
+DVKHHDWHQDQ\WKLQJODWHO\"DVNHG0DGDPHGH9LOOHIRUW
HOXGLQJKHUKXVEDQG
VTXHVWLRQ0DGDPHUHSOLHG9DOHQWLQH
KHKDVQRWHYHQEUHDNIDVWHG+HKDVEHHQUXQQLQJYHU\IDVW
RQDQHUUDQGZLWKZKLFKP\JUDQGIDWKHUFKDUJHGKLPDQGZKHQ
KHUHWXUQHGWRRNQRWKLQJEXWDJODVVRIOHPRQDGH
$KVDLG0DGDPHGH9LOOHIRUWZK\GLGKHQRWWDNHZLQH"
/HPRQDGHZDVDYHU\EDGWKLQJIRUKLP
*UDQGSDSD
VERWWOHRIOHPRQDGHZDVVWDQGLQJMXVWE\KLV
VLGHSRRU%DUURLVZDVYHU\WKLUVW\DQGZDVWKDQNIXOWR
GULQNDQ\WKLQJKHFRXOGILQG0DGDPHGH9LOOHIRUWVWDUWHG
1RLUWLHUORRNHGDWKHUZLWKDJODQFHRIWKHPRVWSURIRXQG
VFUXWLQ\+HKDVVXFKDVKRUWQHFNVDLGVKH0DGDPH
VDLG9LOOHIRUW,DVNZKHUHLV0G
$YULJQ\",Q*RG
VQDPH
DQVZHUPH
+HLVZLWK(GZDUGZKRLVQRWTXLWHZHOOUHSOLHG0DGDPH
GH9LOOHIRUWQRORQJHUEHLQJDEOHWRDYRLGDQVZHULQJ
9LOOHIRUWUXVKHGXSVWDLUVWRIHWFKKLP7DNHWKLVVDLG
0DGDPHGH9LOOHIRUWJLYLQJKHUVPHOOLQJERWWOHWR
9DOHQWLQH7KH\ZLOOQRGRXEWEOHHGKLPWKHUHIRUH,ZLOO
UHWLUHIRU,FDQQRWHQGXUHWKHVLJKWRIEORRGDQGVKH
IROORZHGKHUKXVEDQGXSVWDLUV0RUUHOQRZHPHUJHGIURPKLV

1018

KLGLQJSODFHZKHUHKHKDGUHPDLQHGTXLWHXQSHUFHLYHGVR
JUHDWKDGEHHQWKHJHQHUDOFRQIXVLRQ*RDZD\DVTXLFNDV
\RXFDQ0D[LPLOLDQVDLG9DOHQWLQHDQGVWD\WLOO,VHQG
IRU\RX*R
0RUUHOORRNHGWRZDUGV1RLUWLHUIRUSHUPLVVLRQWRUHWLUH7KH
ROGPDQZKRKDGSUHVHUYHGDOOKLVXVXDOFRROQHVVPDGHD
VLJQWRKLPWRGRVR7KH\RXQJPDQSUHVVHG9DOHQWLQH
VKDQG
WRKLVOLSVDQGWKHQOHIWWKHKRXVHE\DEDFNVWDLUFDVH$W
WKHVDPHPRPHQWWKDWKHTXLWWHGWKHURRP9LOOHIRUWDQGWKH
GRFWRUHQWHUHGE\DQRSSRVLWHGRRU%DUURLVZDVQRZVKRZLQJ
VLJQVRIUHWXUQLQJFRQVFLRXVQHVV7KHFULVLVVHHPHGSDVWD
ORZPRDQLQJZDVKHDUGDQGKHUDLVHGKLPVHOIRQRQHNQHH
'
$YULJQ\DQG9LOOHIRUWODLGKLPRQDFRXFK:KDWGR\RX
SUHVFULEHGRFWRU"GHPDQGHG9LOOHIRUW*LYHPHVRPHZDWHU
DQGHWKHU<RXKDYHVRPHLQWKHKRXVHKDYH\RXQRW"
<HV
6HQGIRUVRPHRLORIWXUSHQWLQHDQGWDUWDUHPHWLF
9LOOHIRUWLPPHGLDWHO\GHVSDWFKHGDPHVVHQJHU$QGQRZOHW
HYHU\RQHUHWLUH
0XVW,JRWRR"DVNHG9DOHQWLQHWLPLGO\
<HVPDGHPRLVHOOH\RXHVSHFLDOO\UHSOLHGWKHGRFWRU
DEUXSWO\
9DOHQWLQHORRNHGDW0G
$YULJQ\ZLWKDVWRQLVKPHQWNLVVHG
KHUJUDQGIDWKHURQWKHIRUHKHDGDQGOHIWWKHURRP7KH
GRFWRUFORVHGWKHGRRUDIWHUKHUZLWKDJORRP\DLU/RRN
ORRNGRFWRUVDLG9LOOHIRUWKHLVTXLWHFRPLQJURXQG
DJDLQ,UHDOO\GRQRWWKLQNDIWHUDOOLWLVDQ\WKLQJRI
FRQVHTXHQFH0G
$YULJQ\DQVZHUHGE\DPHODQFKRO\VPLOH
+RZGR\RXIHHO%DUURLV"DVNHGKH$OLWWOHEHWWHU
VLU
:LOO\RXGULQNVRPHRIWKLVHWKHUDQGZDWHU"
,ZLOOWU\EXWGRQ
WWRXFKPH
:K\QRW"

1019

%HFDXVH,IHHOWKDWLI\RXZHUHRQO\WRWRXFKPHZLWKWKH
WLSRI\RXUILQJHUWKHILWZRXOGUHWXUQ
'ULQN
%DUURLVWRRNWKHJODVVDQGUDLVLQJLWWRKLVSXUSOHOLSV
WRRNDERXWKDOIRIWKHOLTXLGRIIHUHGKLP:KHUHGR\RX
VXIIHU"DVNHGWKHGRFWRU
(YHU\ZKHUH,IHHOFUDPSVRYHUP\ZKROHERG\
'R\RXILQGDQ\GD]]OLQJVHQVDWLRQEHIRUHWKHH\HV"
<HV
$Q\QRLVHLQWKHHDUV"
)ULJKWIXO
:KHQGLG\RXILUVWIHHOWKDW"
-XVWQRZ
6XGGHQO\"
<HVOLNHDFODSRIWKXQGHU
'LG\RXIHHOQRWKLQJRILW\HVWHUGD\RUWKHGD\EHIRUH"
1RWKLQJ
1RGURZVLQHVV"
1RQH
:KDWKDYH\RXHDWHQWRGD\"
,KDYHHDWHQQRWKLQJ,RQO\GUDQNDJODVVRIP\PDVWHU
V
OHPRQDGHWKDW
VDOODQG%DUURLVWXUQHGWRZDUGV
1RLUWLHUZKRLPPRYDEO\IL[HGLQKLVDUPFKDLUZDV
FRQWHPSODWLQJWKLVWHUULEOHVFHQHZLWKRXWDOORZLQJDZRUGRU
DPRYHPHQWWRHVFDSHKLP
:KHUHLVWKLVOHPRQDGH"DVNHGWKHGRFWRUHDJHUO\

1020

'RZQVWDLUVLQWKHGHFDQWHU
:KHUHDERXWVGRZQVWDLUV"
,QWKHNLWFKHQ
6KDOO,JRDQGIHWFKLWGRFWRU"LQTXLUHG9LOOHIRUW
1RVWD\KHUHDQGWU\WRPDNH%DUURLVGULQNWKHUHVWRI
WKLVJODVVRIHWKHUDQGZDWHU,ZLOOJRP\VHOIDQGIHWFK
WKHOHPRQDGH'
$YULJQ\ERXQGHGWRZDUGVWKHGRRUIOHZGRZQ
WKHEDFNVWDLUFDVHDQGDOPRVWNQRFNHGGRZQ0DGDPHGH
9LOOHIRUWLQKLVKDVWHZKRZDVKHUVHOIJRLQJGRZQWRWKH
NLWFKHQ6KHFULHGRXWEXWG
$YULJQ\SDLGQRDWWHQWLRQWR
KHUSRVVHVVHGZLWKEXWRQHLGHDKHFOHDUHGWKHODVWIRXU
VWHSVZLWKDERXQGDQGUXVKHGLQWRWKHNLWFKHQZKHUHKH
VDZWKHGHFDQWHUDERXWWKUHHSDUWVHPSW\VWLOOVWDQGLQJRQ
WKHZDLWHUZKHUHLWKDGEHHQOHIW+HGDUWHGXSRQLWDVDQ
HDJOHZRXOGVHL]HXSRQLWVSUH\3DQWLQJZLWKORVVRI
EUHDWKKHUHWXUQHGWRWKHURRPKHKDGMXVWOHIW0DGDPHGH
9LOOHIRUWZDVVORZO\DVFHQGLQJWKHVWHSVZKLFKOHGWRKHU
URRP,VWKLVWKHGHFDQWHU\RXVSRNHRI"DVNHGG
$YULJQ\
<HVGRFWRU
,VWKLVWKHVDPHOHPRQDGHRIZKLFK\RXSDUWRRN"
,EHOLHYHVR
:KDWGLGLWWDVWHOLNH"
,WKDGDELWWHUWDVWH
7KHGRFWRUSRXUHGVRPHGURSVRIWKHOHPRQDGHLQWRWKHSDOP
RIKLVKDQGSXWKLVOLSVWRLWDQGDIWHUKDYLQJULQVHGKLV
PRXWKDVDPDQGRHVZKHQKHLVWDVWLQJZLQHKHVSDWWKH
OLTXRULQWRWKHILUHSODFH
,WLVQRGRXEWWKHVDPHVDLGKH'LG\RXGULQNVRPHWRR
01RLUWLHU"
<HV

1021

$QGGLG\RXDOVRGLVFRYHUDELWWHUWDVWH"
<HV
2KGRFWRUFULHG%DUURLVWKHILWLVFRPLQJRQDJDLQ
2KGRVRPHWKLQJIRUPH7KHGRFWRUIOHZWRKLVSDWLHQW
7KDWHPHWLF9LOOHIRUWVHHLILWLVFRPLQJ9LOOHIRUW
VSUDQJLQWRWKHSDVVDJHH[FODLPLQJ7KHHPHWLFWKH
HPHWLFLVLWFRPH\HW"1RRQHDQVZHUHG7KHPRVW
SURIRXQGWHUURUUHLJQHGWKURXJKRXWWKHKRXVH,I,KDG
DQ\WKLQJE\PHDQVRIZKLFK,FRXOGLQIODWHWKHOXQJVVDLG
G
$YULJQ\ORRNLQJDURXQGKLPSHUKDSV,PLJKWSUHYHQW
VXIIRFDWLRQ%XWWKHUHLVQRWKLQJZKLFKZRXOGGR
QRWKLQJ2KVLUFULHG%DUURLVDUH\RXJRLQJWROHWPH
GLHZLWKRXWKHOS"2K,DPG\LQJ2KVDYHPH
$SHQDSHQVDLGWKHGRFWRU7KHUHZDVRQHO\LQJRQWKH
WDEOHKHHQGHDYRUHGWRLQWURGXFHLWLQWRWKHPRXWKRIWKH
SDWLHQWZKRLQWKHPLGVWRIKLVFRQYXOVLRQVZDVPDNLQJ
YDLQDWWHPSWVWRYRPLWEXWWKHMDZVZHUHVRFOLQFKHGWKDW
WKHSHQFRXOGQRWSDVVWKHP7KLVVHFRQGDWWDFNZDVPXFK
PRUHYLROHQWWKDQWKHILUVWDQGKHKDGVOLSSHGIURPWKH
FRXFKWRWKHJURXQGZKHUHKHZDVZULWKLQJLQDJRQ\7KH
GRFWRUOHIWKLPLQWKLVSDUR[\VPNQRZLQJWKDWKHFRXOGGR
QRWKLQJWRDOOHYLDWHLWDQGJRLQJXSWR1RLUWLHUVDLG
DEUXSWO\+RZGR\RXILQG\RXUVHOI"ZHOO"
<HV
+DYH\RXDQ\ZHLJKWRQWKHFKHVWRUGRHV\RXUVWRPDFKIHHO
OLJKWDQGFRPIRUWDEOHHK"
<HV
7KHQ\RXIHHOSUHWW\PXFKDV\RXJHQHUDOO\GRDIWHU\RX
KDYHKDGWKHGRVHZKLFK,DPDFFXVWRPHGWRJLYH\RXHYHU\
6XQGD\"
<HV
'LG%DUURLVPDNH\RXUOHPRQDGH"
<HV

1022

:DVLW\RXZKRDVNHGKLPWRGULQNVRPHRILW"
1R
:DVLW0GH9LOOHIRUW"
1R
0DGDPH"
1R
,WZDV\RXUJUDQGGDXJKWHUWKHQZDVLWQRW"
<HV$JURDQIURP%DUURLVDFFRPSDQLHGE\D\DZQZKLFK
VHHPHGWRFUDFNWKHYHU\MDZERQHVDWWUDFWHGWKHDWWHQWLRQ
RI0G
$YULJQ\KHOHIW01RLUWLHUDQGUHWXUQHGWRWKH
VLFNPDQ%DUURLVVDLGWKHGRFWRUFDQ\RXVSHDN"
%DUURLVPXWWHUHGDIHZXQLQWHOOLJLEOHZRUGV7U\DQGPDNH
DQHIIRUWWRGRVRP\JRRGPDQVDLGG
$YULJQ\%DUURLV
UHRSHQHGKLVEORRGVKRWH\HV:KRPDGHWKHOHPRQDGH"
,GLG
'LG\RXEULQJLWWR\RXUPDVWHUGLUHFWO\LWZDVPDGH"
1R
<RXOHIWLWVRPHZKHUHWKHQLQWKHPHDQWLPH"
<HV,OHIWLWLQWKHSDQWU\EHFDXVH,ZDVFDOOHGDZD\
:KREURXJKWLWLQWRWKLVURRPWKHQ"
0DGHPRLVHOOH9DOHQWLQH'
$YULJQ\VWUXFNKLVIRUHKHDGZLWK
KLVKDQG*UDFLRXVKHDYHQH[FODLPHGKH'RFWRUGRFWRU
FULHG%DUURLVZKRIHOWDQRWKHUILWFRPLQJ
:LOOWKH\QHYHUEULQJWKDWHPHWLF"DVNHGWKHGRFWRU
+HUHLVDJODVVZLWKRQHDOUHDG\SUHSDUHGVDLG9LOOHIRUW
HQWHULQJWKHURRP
:KRSUHSDUHGLW"

1023

7KHFKHPLVWZKRFDPHKHUHZLWKPH
'ULQNLWVDLGWKHGRFWRUWR%DUURLV,PSRVVLEOHGRFWRU
LWLVWRRODWHP\WKURDWLVFORVLQJXS,DPFKRNLQJ2K
P\KHDUW$KP\KHDG2KZKDWDJRQ\6KDOO,VXIIHU
OLNHWKLVORQJ"
1RQRIULHQGUHSOLHGWKHGRFWRU\RXZLOOVRRQFHDVH
WRVXIIHU
$K,XQGHUVWDQG\RXVDLGWKHXQKDSS\PDQ0\*RGKDYH
PHUF\XSRQPHDQGXWWHULQJDIHDUIXOFU\%DUURLVIHOO
EDFNDVLIKHKDGEHHQVWUXFNE\OLJKWQLQJ'
$YULJQ\SXW
KLVKDQGWRKLVKHDUWDQGSODFHGDJODVVEHIRUHKLVOLSV
:HOO"VDLG9LOOHIRUW*RWRWKHNLWFKHQDQGJHWPHVRPH
V\UXSRIYLROHWV9LOOHIRUWZHQWLPPHGLDWHO\'RQRWEH
DODUPHG01RLUWLHUVDLGG
$YULJQ\,DPJRLQJWRWDNH
P\SDWLHQWLQWRWKHQH[WURRPWREOHHGKLPWKLVVRUWRI
DWWDFNLVYHU\IULJKWIXOWRZLWQHVV
$QGWDNLQJ%DUURLVXQGHUWKHDUPVKHGUDJJHGKLPLQWRDQ
DGMRLQLQJURRPEXWDOPRVWLPPHGLDWHO\KHUHWXUQHGWRIHWFK
WKHOHPRQDGH1RLUWLHUFORVHGOLGVULJKWH\H<RXZDQW
9DOHQWLQHGR\RXQRW",ZLOOWHOOWKHPWRVHQGKHUWR\RX
9LOOHIRUWUHWXUQHGDQGG
$YULJQ\PHWKLPLQWKHSDVVDJH
:HOOKRZLVKHQRZ"DVNHGKH&RPHLQKHUHVDLG
G
$YULJQ\DQGKHWRRNKLPLQWRWKHFKDPEHUZKHUHWKHVLFN
PDQOD\,VKHVWLOOLQDILW"VDLGWKHSURFXUHXU
+HLVGHDG
9LOOHIRUWGUHZEDFNDIHZVWHSVDQGFODVSLQJKLVKDQGV
H[FODLPHGZLWKUHDODPD]HPHQWDQGV\PSDWK\'HDG"DQG
VRVRRQWRR
<HVLWLVYHU\VRRQVDLGWKHGRFWRUORRNLQJDWWKH
FRUSVHEHIRUHKLPEXWWKDWRXJKWQRWWRDVWRQLVK\RX
0RQVLHXUDQG0DGDPHGH6DLQW0HUDQGLHGDVVRRQ3HRSOHGLH
YHU\VXGGHQO\LQ\RXUKRXVH0GH9LOOHIRUW
:KDW"FULHGWKHPDJLVWUDWHZLWKDQDFFHQWRIKRUURUDQG
FRQVWHUQDWLRQDUH\RXVWLOOKDUSLQJRQWKDWWHUULEOH

1024

LGHD"
6WLOOVLUDQG,VKDOODOZD\VGRVRUHSOLHGG
$YULJQ\
IRULWKDVQHYHUIRURQHLQVWDQWFHDVHGWRUHWDLQ
SRVVHVVLRQRIP\PLQGDQGWKDW\RXPD\EHTXLWHVXUH,DP
QRWPLVWDNHQWKLVWLPHOLVWHQZHOOWRZKDW,DPJRLQJWR
VD\0GH9LOOHIRUW7KHPDJLVWUDWHWUHPEOHGFRQYXOVLYHO\
7KHUHLVDSRLVRQZKLFKGHVWUR\VOLIHDOPRVWZLWKRXW
OHDYLQJDQ\SHUFHSWLEOHWUDFHV,NQRZLWZHOO,KDYH
VWXGLHGLWLQDOOLWVIRUPVDQGLQWKHHIIHFWVZKLFKLW
SURGXFHV,UHFRJQL]HGWKHSUHVHQFHRIWKLVSRLVRQLQWKH
FDVHRISRRU%DUURLVDVZHOODVLQWKDWRI0DGDPHGH
6DLQW0HUDQ7KHUHLVDZD\RIGHWHFWLQJLWVSUHVHQFH,W
UHVWRUHVWKHEOXHFRORURIOLWPXVSDSHUUHGGHQHGE\DQDFLG
DQGLWWXUQVV\UXSRIYLROHWVJUHHQ:HKDYHQR
OLWPXVSDSHUEXWVHHKHUHWKH\FRPHZLWKWKHV\UXSRI
YLROHWV
7KHGRFWRUZDVULJKWVWHSVZHUHKHDUGLQWKHSDVVDJH0
G
$YULJQ\RSHQHGWKHGRRUDQGWRRNIURPWKHKDQGVRIWKH
FKDPEHUPDLGDFXSZKLFKFRQWDLQHGWZRRUWKUHHVSRRQIXOVRI
WKHV\UXSKHWKHQFDUHIXOO\FORVHGWKHGRRU/RRNVDLG
KHWRWKHSURFXUHXUZKRVHKHDUWEHDWVRORXGO\WKDWLW
PLJKWDOPRVWEHKHDUGKHUHLVLQWKLVFXSVRPHV\UXSRI
YLROHWVDQGWKLVGHFDQWHUFRQWDLQVWKHUHPDLQGHURIWKH
OHPRQDGHRIZKLFK01RLUWLHUDQG%DUURLVSDUWRRN,IWKH
OHPRQDGHEHSXUHDQGLQRIIHQVLYHWKHV\UXSZLOOUHWDLQLWV
FRORULIRQWKHFRQWUDU\WKHOHPRQDGHEHGUXJJHGZLWK
SRLVRQWKHV\UXSZLOOEHFRPHJUHHQ/RRNFORVHO\
7KHGRFWRUWKHQVORZO\SRXUHGVRPHGURSVRIWKHOHPRQDGH
IURPWKHGHFDQWHULQWRWKHFXSDQGLQDQLQVWDQWDOLJKW
FORXG\VHGLPHQWEHJDQWRIRUPDWWKHERWWRPRIWKHFXSWKLV
VHGLPHQWILUVWWRRNDEOXHVKDGHWKHQIURPWKHFRORURI
VDSSKLUHLWSDVVHGWRWKDWRIRSDODQGIURPRSDOWR
HPHUDOG$UULYHGDWWKLVODVWKXHLWFKDQJHGQRPRUH7KH
UHVXOWRIWKHH[SHULPHQWOHIWQRGRXEWZKDWHYHURQWKHPLQG
7KHXQIRUWXQDWH%DUURLVKDVEHHQSRLVRQHGVDLGG
$YULJQ\
DQG,ZLOOPDLQWDLQWKLVDVVHUWLRQEHIRUH*RGDQGPDQ
9LOOHIRUWVDLGQRWKLQJEXWKHFODVSHGKLVKDQGVRSHQHGKLV
KDJJDUGH\HVDQGRYHUFRPHZLWKKLVHPRWLRQVDQNLQWRD
FKDLU

1025

&KDSWHU
7KH$FFXVDWLRQ
0'
$YULJQ\VRRQUHVWRUHGWKHPDJLVWUDWHWRFRQVFLRXVQHVV
ZKRKDGORRNHGOLNHDVHFRQGFRUSVHLQWKDWFKDPEHURI
GHDWK2KGHDWKLVLQP\KRXVHFULHG9LOOHIRUW
6D\UDWKHUFULPHUHSOLHGWKHGRFWRU
0G
$YULJQ\FULHG9LOOHIRUW,FDQQRWWHOO\RXDOO,
IHHODWWKLVPRPHQWWHUURUJULHIPDGQHVV
<HVVDLG0G
$YULJQ\ZLWKDQLPSRVLQJFDOPQHVVEXW,
WKLQNLWLVQRZWLPHWRDFW,WKLQNLWLVWLPHWRVWRSWKLV
WRUUHQWRIPRUWDOLW\,FDQQRORQJHUEHDUWREHLQ
SRVVHVVLRQRIWKHVHVHFUHWVZLWKRXWWKHKRSHRIVHHLQJWKH
YLFWLPVDQGVRFLHW\JHQHUDOO\UHYHQJHG9LOOHIRUWFDVWD
JORRP\ORRNDURXQGKLP,QP\KRXVHPXUPXUHGKHLQP\
KRXVH
&RPHPDJLVWUDWHVDLG0G
$YULJQ\VKRZ\RXUVHOIDPDQ
DVDQLQWHUSUHWHURIWKHODZGRKRQRUWR\RXUSURIHVVLRQE\
VDFULILFLQJ\RXUVHOILVKLQWHUHVWVWRLW
<RXPDNHPHVKXGGHUGRFWRU'R\RXWDONRIDVDFULILFH"
,GR
'R\RXWKHQVXVSHFWDQ\RQH"
,VXVSHFWQRRQHGHDWKUDSVDW\RXUGRRULWHQWHUV
LWJRHVQRWEOLQGIROGHGEXWFLUFXPVSHFWO\IURPURRPWR
URRP:HOO,IROORZLWVFRXUVH,WUDFNLWVSDVVDJH,
DGRSWWKHZLVGRPRIWKHDQFLHQWVDQGIHHOP\ZD\IRUP\
IULHQGVKLSIRU\RXUIDPLO\DQGP\UHVSHFWIRU\RXDUHDVD
WZRIROGEDQGDJHRYHUP\H\HVZHOO
2KVSHDNVSHDNGRFWRU,VKDOOKDYHFRXUDJH
:HOOVLU\RXKDYHLQ\RXUHVWDEOLVKPHQWRULQ\RXU
IDPLO\SHUKDSVRQHRIWKHIULJKWIXOPRQVWURVLWLHVRIZKLFK
HDFKFHQWXU\SURGXFHVRQO\RQH/RFXVWDDQG$JULSSLQD

1026

OLYLQJDWWKHVDPHWLPHZHUHDQH[FHSWLRQDQGSURYHGWKH
GHWHUPLQDWLRQRISURYLGHQFHWRHIIHFWWKHHQWLUHUXLQRIWKH
5RPDQHPSLUHVXOOLHGE\VRPDQ\FULPHV%UXQHKLOGHDQG
)UHGHJRQGHZHUHWKHUHVXOWVRIWKHSDLQIXOVWUXJJOHRI
FLYLOL]DWLRQLQLWVLQIDQF\ZKHQPDQZDVOHDUQLQJWR
FRQWUROPLQGZHUHLWHYHQE\DQHPLVVDU\IURPWKHUHDOPVRI
GDUNQHVV$OOWKHVHZRPHQKDGEHHQRUZHUHEHDXWLIXO7KH
VDPHIORZHURILQQRFHQFHKDGIORXULVKHGRUZDVVWLOO
IORXULVKLQJRQWKHLUEURZWKDWLVVHHQRQWKHEURZRIWKH
FXOSULWLQ\RXUKRXVH9LOOHIRUWVKULHNHGFODVSHGKLV
KDQGVDQGORRNHGDWWKHGRFWRUZLWKDVXSSOLFDWLQJDLU%XW
WKHODWWHUZHQWRQZLWKRXWSLW\
C6HHNZKRPWKHFULPHZLOOSURILW
VD\VDQD[LRPRI
MXULVSUXGHQFH
'RFWRUFULHG9LOOHIRUWDODVGRFWRUKRZRIWHQKDV
PDQ
VMXVWLFHEHHQGHFHLYHGE\WKRVHIDWDOZRUGV,NQRZQRW
ZK\EXW,IHHOWKDWWKLVFULPH
<RXDFNQRZOHGJHWKHQWKHH[LVWHQFHRIWKHFULPH"
<HV,VHHWRRSODLQO\WKDWLWGRHVH[LVW%XWLWVHHPV
WKDWLWLVLQWHQGHGWRDIIHFWPHSHUVRQDOO\,IHDUDQ
DWWDFNP\VHOIDIWHUDOOWKHVHGLVDVWHUV
2KPDQPXUPXUHGG
$YULJQ\WKHPRVWVHOILVKRIDOO
DQLPDOVWKHPRVWSHUVRQDORIDOOFUHDWXUHVZKREHOLHYHV
WKHHDUWKWXUQVWKHVXQVKLQHVDQGGHDWKVWULNHVIRUKLP
DORQHDQDQWFXUVLQJ*RGIURPWKHWRSRIDEODGHRI
JUDVV$QGKDYHWKRVHZKRKDYHORVWWKHLUOLYHVORVW
QRWKLQJ"0GH6DLQW0HUDQ0DGDPHGH6DLQW0HUDQ0
1RLUWLHU
+RZ"01RLUWLHU"
<HVWKLQN\RXLWZDVWKHSRRUVHUYDQW
VOLIHZDVFRYHWHG"
1RQROLNH6KDNHVSHDUH
VC3RORQLXV
KHGLHGIRUDQRWKHU
,WZDV1RLUWLHUWKHOHPRQDGHZDVLQWHQGHGIRULWLV
1RLUWLHUORJLFDOO\VSHDNLQJZKRGUDQNLW7KHRWKHUGUDQN
LWRQO\E\DFFLGHQWDQGDOWKRXJK%DUURLVLVGHDGLWZDV
1RLUWLHUZKRVHGHDWKZDVZLVKHGIRU
%XWZK\GLGLWQRWNLOOP\IDWKHU"

1027

,WROG\RXRQHHYHQLQJLQWKHJDUGHQDIWHU0DGDPHGH
6DLQW0HUDQ
VGHDWKEHFDXVHKLVV\VWHPLVDFFXVWRPHGWR
WKDWYHU\SRLVRQDQGWKHGRVHZDVWULIOLQJWRKLPZKLFK
ZRXOGEHIDWDOWRDQRWKHUEHFDXVHQRRQHNQRZVQRWHYHQ
WKHDVVDVVLQWKDWIRUWKHODVWWZHOYHPRQWKV,KDYHJLYHQ
01RLUWLHUEUXFLQHIRUKLVSDUDO\WLFDIIHFWLRQZKLOHWKH
DVVDVVLQLVQRWLJQRUDQWIRUKHKDVSURYHGWKDWEUXFLQHLV
DYLROHQWSRLVRQ
2KKDYHSLW\KDYHSLW\PXUPXUHG9LOOHIRUWZULQJLQJ
KLVKDQGV
)ROORZWKHFXOSULW
VVWHSVKHILUVWNLOOV0GH
6DLQW0HUDQ
2GRFWRU
,ZRXOGVZHDUWRLWZKDW,KHDUGRIKLVV\PSWRPVDJUHHV
WRRZHOOZLWKZKDW,KDYHVHHQLQWKHRWKHUFDVHV
9LOOHIRUWFHDVHGWRFRQWHQGKHRQO\JURDQHG+HILUVW
NLOOV0GH6DLQW0HUDQUHSHDWHGWKHGRFWRUWKHQ0DGDPH
GH6DLQW0HUDQDGRXEOHIRUWXQHWRLQKHULW9LOOHIRUW
ZLSHGWKHSHUVSLUDWLRQIURPKLVIRUHKHDG/LVWHQ
DWWHQWLYHO\
$ODVVWDPPHUHG9LOOHIRUW,GRQRWORVHDVLQJOHZRUG
01RLUWLHUUHVXPHG0G
$YULJQ\LQWKHVDPHSLWLOHVV
WRQH01RLUWLHUKDGRQFHPDGHDZLOODJDLQVW\RX
DJDLQVW\RXUIDPLO\LQIDYRURIWKHSRRULQIDFW0
1RLUWLHULVVSDUHGEHFDXVHQRWKLQJLVH[SHFWHGIURPKLP
%XWKHKDVQRVRRQHUGHVWUR\HGKLVILUVWZLOODQGPDGHD
VHFRQGWKDQIRUIHDUKHVKRXOGPDNHDWKLUGKHLVVWUXFN
GRZQ7KHZLOOZDVPDGHWKHGD\EHIRUH\HVWHUGD\,EHOLHYH
\RXVHHWKHUHKDVEHHQQRWLPHORVW
2KPHUF\0G
$YULJQ\
1RPHUF\VLU7KHSK\VLFLDQKDVDVDFUHGPLVVLRQRQHDUWK
DQGWRIXOILOLWKHEHJLQVDWWKHVRXUFHRIOLIHDQGJRHV
GRZQWRWKHP\VWHULRXVGDUNQHVVRIWKHWRPE:KHQFULPHKDV
EHHQFRPPLWWHGDQG*RGGRXEWOHVVLQDQJHUWXUQVDZD\KLV
IDFHLWLVIRUWKHSK\VLFLDQWREULQJWKHFXOSULWWR

1028

MXVWLFH
+DYHPHUF\RQP\FKLOGVLUPXUPXUHG9LOOHIRUW
<RXVHHLWLV\RXUVHOIZKRKDYHILUVWQDPHGKHU\RXKHU
IDWKHU
+DYHSLW\RQ9DOHQWLQH/LVWHQLWLVLPSRVVLEOH,ZRXOG
DVZLOOLQJO\DFFXVHP\VHOI9DOHQWLQHZKRVHKHDUWLVSXUH
DVDGLDPRQGRUDOLO\
1RSLW\SURFXUHXUWKHFULPHLVIUDJUDQW0DGHPRLVHOOH
KHUVHOISDFNHGDOOWKHPHGLFLQHVZKLFKZHUHVHQWWR0GH
6DLQW0HUDQDQG0GH6DLQW0HUDQLVGHDG0DGHPRLVHOOHGH
9LOOHIRUWSUHSDUHGDOOWKHFRROLQJGUDXJKWVZKLFK0DGDPHGH
6DLQW0HUDQWRRNDQG0DGDPHGH6DLQW0HUDQLVGHDG
0DGHPRLVHOOHGH9LOOHIRUWWRRNIURPWKHKDQGVRI%DUURLV
ZKRZDVVHQWRXWWKHOHPRQDGHZKLFK01RLUWLHUKDGHYHU\
PRUQLQJDQGKHKDVHVFDSHGE\DPLUDFOH0DGHPRLVHOOHGH
9LOOHIRUWLVWKHFXOSULWVKHLVWKHSRLVRQHU7R\RXDV
WKHNLQJ
VDWWRUQH\,GHQRXQFH0DGHPRLVHOOHGH9LOOHIRUW
GR\RXUGXW\
'RFWRU,UHVLVWQRORQJHU,FDQQRORQJHUGHIHQGP\VHOI
,EHOLHYH\RXEXWIRUSLW\
VVDNHVSDUHP\OLIHP\
KRQRU
0GH9LOOHIRUWUHSOLHGWKHGRFWRUZLWKLQFUHDVHG
YHKHPHQFHWKHUHDUHRFFDVLRQVZKHQ,GLVSHQVHZLWKDOO
IRROLVKKXPDQFLUFXPVSHFWLRQ,I\RXUGDXJKWHUKDGFRPPLWWHG
RQO\RQHFULPHDQG,VDZKHUPHGLWDWLQJDQRWKHU,ZRXOG
VD\C:DUQKHUSXQLVKKHUOHWKHUSDVVWKHUHPDLQGHURIKHU
OLIHLQDFRQYHQWZHHSLQJDQGSUD\LQJ
,IVKHKDG
FRPPLWWHGWZRFULPHV,ZRXOGVD\C+HUH0GH9LOOHIRUW
LVDSRLVRQWKDWWKHSULVRQHULVQRWDFTXDLQWHGZLWKRQH
WKDWKDVQRNQRZQDQWLGRWHTXLFNDVWKRXJKWUDSLGDV
OLJKWQLQJPRUWDODVWKHWKXQGHUEROWJLYHKHUWKDWSRLVRQ
UHFRPPHQGLQJKHUVRXOWR*RGDQGVDYH\RXUKRQRUDQG\RXU
OLIHIRULWLV\RXUVVKHDLPVDWDQG,FDQSLFWXUHKHU
DSSURDFKLQJ\RXUSLOORZZLWKKHUK\SRFULWLFDOVPLOHVDQGKHU
VZHHWH[KRUWDWLRQV:RHWR\RX0GH9LOOHIRUWLI\RXGR
QRWVWULNHILUVW
7KLVLVZKDW,ZRXOGVD\KDGVKHRQO\
NLOOHGWZRSHUVRQVEXWVKHKDVVHHQWKUHHGHDWKVKDV
FRQWHPSODWHGWKUHHPXUGHUHGSHUVRQVKDVNQHOWE\WKUHH

1029

FRUSVHV7RWKHVFDIIROGZLWKWKHSRLVRQHUWRWKH
VFDIIROG'R\RXWDONRI\RXUKRQRU"'RZKDW,WHOO\RXDQG
LPPRUWDOLW\DZDLWV\RX
9LOOHIRUWIHOORQKLVNQHHV/LVWHQVDLGKH,KDYHQRW
WKHVWUHQJWKRIPLQG\RXKDYHRUUDWKHUWKDWZKLFK\RX
ZRXOGQRWKDYHLILQVWHDGRIP\GDXJKWHU9DOHQWLQH\RXU
GDXJKWHU0DGHOHLQHZHUHFRQFHUQHG7KHGRFWRUWXUQHGSDOH
'RFWRUHYHU\VRQRIZRPDQLVERUQWRVXIIHUDQGWRGLH,
DPFRQWHQWWRVXIIHUDQGWRDZDLWGHDWK
%HZDUHVDLG0G
$YULJQ\LWPD\FRPHVORZO\\RXZLOO
VHHLWDSSURDFKDIWHUKDYLQJVWUXFN\RXUIDWKHU\RXUZLIH
SHUKDSV\RXUVRQ
9LOOHIRUWVXIIRFDWLQJSUHVVHGWKHGRFWRU
VDUP/LVWHQ
FULHGKHSLW\PHKHOSPH1RP\GDXJKWHULVQRW
JXLOW\,I\RXGUDJXVERWKEHIRUHDWULEXQDO,ZLOOVWLOO
VD\C1RP\GDXJKWHULVQRWJXLOW\WKHUHLVQRFULPHLQ
P\KRXVH,ZLOOQRWDFNQRZOHGJHDFULPHLQP\KRXVHIRU
ZKHQFULPHHQWHUVDGZHOOLQJLWLVOLNHGHDWKLWGRHV
QRWFRPHDORQH
/LVWHQ:KDWGRHVLWVLJQLI\WR\RXLI,DP
PXUGHUHG"$UH\RXP\IULHQG"$UH\RXDPDQ"+DYH\RXD
KHDUW"1R\RXDUHDSK\VLFLDQ:HOO,WHOO\RX,ZLOOQRW
GUDJP\GDXJKWHUEHIRUHDWULEXQDODQGJLYHKHUXSWRWKH
H[HFXWLRQHU7KHEDUHLGHDZRXOGNLOOPHZRXOGGULYHPH
OLNHDPDGPDQWRGLJP\KHDUWRXWZLWKP\ILQJHUQDLOV$QG
LI\RXZHUHPLVWDNHQGRFWRULILWZHUHQRWP\GDXJKWHU
LI,VKRXOGFRPHRQHGD\SDOHDVDVSHFWUHDQGVD\WR
\RXC$VVDVVLQ\RXKDYHNLOOHGP\FKLOG
KROGLI
WKDWVKRXOGKDSSHQDOWKRXJK,DPD&KULVWLDQ0G
$YULJQ\
,VKRXOGNLOOP\VHOI
:HOOVDLGWKHGRFWRUDIWHUDPRPHQW
VVLOHQFH,ZLOO
ZDLW9LOOHIRUWORRNHGDWKLPDVLIKHKDGGRXEWHGKLV
ZRUGV2QO\FRQWLQXHG0G
$YULJQ\ZLWKDVORZDQG
VROHPQWRQHLIDQ\RQHIDOOVLOOLQ\RXUKRXVHLI\RX
IHHO\RXUVHOIDWWDFNHGGRQRWVHQGIRUPHIRU,ZLOOFRPH
QRPRUH,ZLOOFRQVHQWWRVKDUHWKLVGUHDGIXOVHFUHWZLWK
\RXEXW,ZLOOQRWDOORZVKDPHDQGUHPRUVHWRJURZDQG
LQFUHDVHLQP\FRQVFLHQFHDVFULPHDQGPLVHU\ZLOOLQ\RXU
KRXVH
7KHQ\RXDEDQGRQPHGRFWRU"

1030

<HVIRU,FDQIROORZ\RXQRIDUWKHUDQG,RQO\VWRSDW
WKHIRRWRIWKHVFDIIROG6RPHIXUWKHUGLVFRYHU\ZLOOEH
PDGHZKLFKZLOOEULQJWKLVGUHDGIXOWUDJHG\WRDFORVH
$GLHX
,HQWUHDW\RXGRFWRU
$OOWKHKRUURUVWKDWGLVWXUEP\WKRXJKWVPDNH\RXUKRXVH
RGLRXVDQGIDWDO$GLHXVLU
2QHZRUGRQHVLQJOHZRUGPRUHGRFWRU<RXJROHDYLQJ
PHLQDOOWKHKRUURURIP\VLWXDWLRQDIWHULQFUHDVLQJLWE\
ZKDW\RXKDYHUHYHDOHGWRPH%XWZKDWZLOOEHUHSRUWHGRI
WKHVXGGHQGHDWKRIWKHSRRUROGVHUYDQW"
7UXHVDLG0G
$YULJQ\ZHZLOOUHWXUQ7KHGRFWRUZHQW
RXWILUVWIROORZHGE\0GH9LOOHIRUW7KHWHUULILHG
VHUYDQWVZHUHRQWKHVWDLUVDQGLQWKHSDVVDJHZKHUHWKH
GRFWRUZRXOGSDVV6LUVDLGG
$YULJQ\WR9LOOHIRUWVR
ORXGWKDWDOOPLJKWKHDUSRRU%DUURLVKDVOHGWRR
VHGHQWDU\DOLIHRIODWHDFFXVWRPHGIRUPHUO\WRULGHRQ
KRUVHEDFNRULQWKHFDUULDJHWRWKHIRXUFRUQHUVRI
(XURSHWKHPRQRWRQRXVZDONDURXQGWKDWDUPFKDLUKDVNLOOHG
KLPKLVEORRGKDVWKLFNHQHG+HZDVVWRXWKDGDVKRUW
WKLFNQHFNKHZDVDWWDFNHGZLWKDSRSOH[\DQG,ZDVFDOOHG
LQWRRODWH%\WKHZD\DGGHGKHLQDORZWRQHWDNHFDUH
WRWKURZDZD\WKDWFXSRIV\UXSRIYLROHWVLQWKHDVKHV
7KHGRFWRUZLWKRXWVKDNLQJKDQGVZLWK9LOOHIRUWZLWKRXW
DGGLQJDZRUGWRZKDWKHKDGVDLGZHQWRXWDPLGWKHWHDUV
DQGODPHQWDWLRQVRIWKHZKROHKRXVHKROG7KHVDPHHYHQLQJ
DOO9LOOHIRUW
VVHUYDQWVZKRKDGDVVHPEOHGLQWKHNLWFKHQ
DQGKDGDORQJFRQVXOWDWLRQFDPHWRWHOO0DGDPHGH
9LOOHIRUWWKDWWKH\ZLVKHGWROHDYH1RHQWUHDW\QR
SURSRVLWLRQRILQFUHDVHGZDJHVFRXOGLQGXFHWKHPWRUHPDLQ
WRHYHU\DUJXPHQWWKH\UHSOLHG:HPXVWJRIRUGHDWKLVLQ
WKLVKRXVH7KH\DOOOHIWLQVSLWHRISUD\HUVDQG
HQWUHDWLHVWHVWLI\LQJWKHLUUHJUHWDWOHDYLQJVRJRRGD
PDVWHUDQGPLVWUHVVDQGHVSHFLDOO\0DGHPRLVHOOH9DOHQWLQH
VRJRRGVRNLQGDQGVRJHQWOH9LOOHIRUWORRNHGDW
9DOHQWLQHDVWKH\VDLGWKLV6KHZDVLQWHDUVDQGVWUDQJH
DVLWZDVLQVSLWHRIWKHHPRWLRQVKHIHOWDWWKHVLJKWRI
WKHVHWHDUVKHORRNHGDOVRDW0DGDPHGH9LOOHIRUWDQGLW

1031

DSSHDUHGWRKLPDVLIDVOLJKWJORRP\VPLOHKDGSDVVHGRYHU
KHUWKLQOLSVOLNHDPHWHRUVHHQSDVVLQJLQDXVSLFLRXVO\
EHWZHHQWZRFORXGVLQDVWRUP\VN\

&KDSWHU
7KH5RRPRIWKH5HWLUHG%DNHU
7KHHYHQLQJRIWKHGD\RQZKLFKWKH&RXQWRI0RUFHUIKDG
OHIW'DQJODUV
KRXVHZLWKIHHOLQJVRIVKDPHDQGDQJHUDWWKH
UHMHFWLRQRIWKHSURMHFWHGDOOLDQFH0$QGUHD&DYDOFDQWL
ZLWKFXUOHGKDLUPXVWDFKHVLQSHUIHFWRUGHUDQGZKLWH
JORYHVZKLFKILWWHGDGPLUDEO\KDGHQWHUHGWKHFRXUW\DUGRI
WKHEDQNHU
VKRXVHLQ/D&KDXVVHHG
$QWLQ+HKDGQRWEHHQ
PRUHWKDQWHQPLQXWHVLQWKHGUDZLQJURRPEHIRUHKHGUHZ
'DQJODUVDVLGHLQWRWKHUHFHVVRIDERZZLQGRZDQGDIWHU
DQLQJHQLRXVSUHDPEOHUHODWHGWRKLPDOOKLVDQ[LHWLHVDQG
FDUHVVLQFHKLVQREOHIDWKHU
VGHSDUWXUH+HDFNQRZOHGJHG
WKHH[WUHPHNLQGQHVVZKLFKKDGEHHQVKRZQKLPE\WKH
EDQNHU
VIDPLO\LQZKLFKKHKDGEHHQUHFHLYHGDVDVRQDQG
ZKHUHEHVLGHVKLVZDUPHVWDIIHFWLRQVKDGIRXQGDQREMHFW
RQZKLFKWRFHQWUHLQ0DGHPRLVHOOH'DQJODUV'DQJODUV
OLVWHQHGZLWKWKHPRVWSURIRXQGDWWHQWLRQKHKDGH[SHFWHG
WKLVGHFODUDWLRQIRUWKHODVWWZRRUWKUHHGD\VDQGZKHQDW
ODVWLWFDPHKLVH\HVJOLVWHQHGDVPXFKDVWKH\KDGORZHUHG
RQOLVWHQLQJWR0RUFHUI+HZRXOGQRWKRZHYHU\LHOG
LPPHGLDWHO\WRWKH\RXQJPDQ
VUHTXHVWEXWPDGHDIHZ
FRQVFLHQWLRXVREMHFWLRQV$UH\RXQRWUDWKHU\RXQJ0
$QGUHDWRWKLQNRIPDUU\LQJ"
,WKLQNQRWVLUUHSOLHG0&DYDOFDQWLLQ,WDO\WKH
QRELOLW\JHQHUDOO\PDUU\\RXQJ/LIHLVVRXQFHUWDLQWKDW
ZHRXJKWWRVHFXUHKDSSLQHVVZKLOHLWLVZLWKLQRXUUHDFK
:HOOVLUVDLG'DQJODUVLQFDVH\RXUSURSRVDOVZKLFK
GRPHKRQRUDUHDFFHSWHGE\P\ZLIHDQGGDXJKWHUE\ZKRP
VKDOOWKHSUHOLPLQDU\DUUDQJHPHQWVEHVHWWOHG"6RLPSRUWDQW
DQHJRWLDWLRQVKRXOG,WKLQNEHFRQGXFWHGE\WKH
UHVSHFWLYHIDWKHUVRIWKH\RXQJSHRSOH
6LUP\IDWKHULVDPDQRIJUHDWIRUHVLJKWDQGSUXGHQFH
7KLQNLQJWKDW,PLJKWZLVKWRVHWWOHLQ)UDQFHKHOHIWPH
DWKLVGHSDUWXUHWRJHWKHUZLWKWKHSDSHUVHVWDEOLVKLQJP\

1032

LGHQWLW\DOHWWHUSURPLVLQJLIKHDSSURYHGRIP\FKRLFH
OLYUHVSHUDQQXPIURPWKHGD\,ZDVPDUULHG6RIDU
DV,FDQMXGJH,VXSSRVHWKLVWREHDTXDUWHURIP\
IDWKHU
VUHYHQXH
,VDLG'DQJODUVKDYHDOZD\VLQWHQGHGJLYLQJP\GDXJKWHU
IUDQFVDVKHUGRZU\VKHLVEHVLGHVP\VROH
KHLUHVV
$OOZRXOGWKHQEHHDVLO\DUUDQJHGLIWKHEDURQHVVDQGKHU
GDXJKWHUDUHZLOOLQJ:HVKRXOGFRPPDQGDQDQQXLW\RI
OLYUHV6XSSRVLQJDOVR,VKRXOGSHUVXDGHWKH
PDUTXLVWRJLYHPHP\FDSLWDOZKLFKLVQRWOLNHO\EXW
VWLOOLVSRVVLEOHZHZRXOGSODFHWKHVHWZRRUWKUHH
PLOOLRQVLQ\RXUKDQGVZKRVHWDOHQWPLJKWPDNHLWUHDOL]H
WHQSHUFHQW
,QHYHUJLYHPRUHWKDQIRXUSHUFHQWDQGJHQHUDOO\RQO\
WKUHHDQGDKDOIEXWWRP\VRQLQODZ,ZRXOGJLYHILYH
DQGZHZRXOGVKDUHWKHSURILW
9HU\JRRGIDWKHULQODZVDLG&DYDOFDQWL\LHOGLQJWRKLV
ORZERUQQDWXUHZKLFKZRXOGHVFDSHVRPHWLPHVWKURXJKWKH
DULVWRFUDWLFJORVVZLWKZKLFKKHVRXJKWWRFRQFHDOLW
&RUUHFWLQJKLPVHOILPPHGLDWHO\KHVDLG([FXVHPHVLU
KRSHDORQHPDNHVPHDOPRVWPDGZKDWZLOOQRWUHDOLW\
GR"
%XWVDLG'DQJODUVZKRRQKLVSDUWGLGQRWSHUFHLYH
KRZVRRQWKHFRQYHUVDWLRQZKLFKZDVDWILUVWGLVLQWHUHVWHG
ZDVWXUQLQJWRDEXVLQHVVWUDQVDFWLRQWKHUHLV
GRXEWOHVVDSDUWRI\RXUIRUWXQH\RXUIDWKHUFRXOGQRW
UHIXVH\RX"
:KLFK"DVNHGWKH\RXQJPDQ
7KDW\RXLQKHULWIURP\RXUPRWKHU
7UXO\IURPP\PRWKHU/HRQRUD&RUVLQDUL
+RZPXFKPD\LWDPRXQWWR"
,QGHHGVLUVDLG$QGUHD,DVVXUH\RX,KDYHQHYHUJLYHQ
WKHVXEMHFWDWKRXJKWEXW,VXSSRVHLWPXVWKDYHEHHQDW

1033

OHDVWWZRPLOOLRQV'DQJODUVIHOWDVPXFKRYHUFRPHZLWKMR\
DVWKHPLVHUZKRILQGVDORVWWUHDVXUHRUDVWKH
VKLSZUHFNHGPDULQHUZKRIHHOVKLPVHOIRQVROLGJURXQG
LQVWHDGRILQWKHDE\VVZKLFKKHH[SHFWHGZRXOGVZDOORZKLP
XS
:HOOVLUVDLG$QGUHDERZLQJWRWKHEDQNHUUHVSHFWIXOO\
PD\,KRSH"
<RXPD\QRWRQO\KRSHVDLG'DQJODUVEXWFRQVLGHULWD
VHWWOHGWKLQJLIQRREVWDFOHDULVHVRQ\RXUSDUW
,DPLQGHHGUHMRLFHGVDLG$QGUHD
%XWVDLG'DQJODUVWKRXJKWIXOO\KRZLVLWWKDW\RXU
SDWURQ0GH0RQWH&ULVWRGLGQRWPDNHKLVSURSRVDOIRU
\RX"$QGUHDEOXVKHGLPSHUFHSWLEO\,KDYHMXVWOHIWWKH
FRXQWVLUVDLGKHKHLVGRXEWOHVVDGHOLJKWIXOPDQ
EXWLQFRQFHLYDEO\SHFXOLDULQKLVLGHDV+HHVWHHPVPH
KLJKO\+HHYHQWROGPHKHKDGQRWWKHVOLJKWHVWGRXEWWKDW
P\IDWKHUZRXOGJLYHPHWKHFDSLWDOLQVWHDGRIWKHLQWHUHVW
RIP\SURSHUW\+HKDVSURPLVHGWRXVHKLVLQIOXHQFHWR
REWDLQLWIRUPHEXWKHDOVRGHFODUHGWKDWKHQHYHUKDG
WDNHQRQKLPVHOIWKHUHVSRQVLELOLW\RIPDNLQJSURSRVDOVIRU
DQRWKHUDQGKHQHYHUZRXOG,PXVWKRZHYHUGRKLPWKH
MXVWLFHWRDGGWKDWKHDVVXUHGPHLIHYHUKHKDGUHJUHWWHG
WKHUHSXJQDQFHKHIHOWWRVXFKDVWHSLWZDVRQWKLV
RFFDVLRQEHFDXVHKHWKRXJKWWKHSURMHFWHGXQLRQZRXOGEHD
KDSS\DQGVXLWDEOHRQH%HVLGHVLIKHZLOOGRQRWKLQJ
RIILFLDOO\KHZLOODQVZHUDQ\TXHVWLRQV\RXSURSRVHWRKLP
$QGQRZFRQWLQXHGKHZLWKRQHRIKLVPRVWFKDUPLQJ
VPLOHVKDYLQJILQLVKHGWDONLQJWRWKHIDWKHULQODZ,
PXVWDGGUHVVP\VHOIWRWKHEDQNHU
$QGZKDWPD\\RXKDYHWRVD\WRKLP"VDLG'DQJODUV
ODXJKLQJLQKLVWXUQ
7KDWWKHGD\DIWHUWRPRUURZ,VKDOOKDYHWRGUDZXSRQ\RX
IRUDERXWIRXUWKRXVDQGIUDQFVEXWWKHFRXQWH[SHFWLQJP\
EDFKHORU
VUHYHQXHFRXOGQRWVXIILFHIRUWKHFRPLQJPRQWK
V
RXWOD\KDVRIIHUHGPHDGUDIWIRUWZHQW\WKRXVDQGIUDQFV
,WEHDUVKLVVLJQDWXUHDV\RXVHHZKLFKLV
DOOVXIILFLHQW

1034

%ULQJPHDPLOOLRQVXFKDVWKDWVDLG'DQJODUV,VKDOO
EHZHOOSOHDVHGSXWWLQJWKHGUDIWLQKLVSRFNHW)L[\RXU
RZQKRXUIRUWRPRUURZDQGP\FDVKLHUVKDOOFDOORQ\RX
ZLWKDFKHFNIRUHLJKW\WKRXVDQGIUDQFV
$WWHQR
FORFNWKHQLI\RXSOHDVH,VKRXOGOLNHLWHDUO\
DV,DPJRLQJLQWRWKHFRXQWU\WRPRUURZ
9HU\ZHOODWWHQR
FORFN\RXDUHVWLOODWWKH+RWHOGHV
3ULQFHV"
<HV
7KHIROORZLQJPRUQLQJZLWKWKHEDQNHU
VXVXDOSXQFWXDOLW\
WKHHLJKW\WKRXVDQGIUDQFVZHUHSODFHGLQWKH\RXQJPDQ
V
KDQGVDVKHZDVRQWKHSRLQWRIVWDUWLQJDIWHUKDYLQJOHIW
WZRKXQGUHGIUDQFVIRU&DGHURXVVH+HZHQWRXWFKLHIO\WR
DYRLGWKLVGDQJHURXVHQHP\DQGUHWXUQHGDVODWHDVSRVVLEOH
LQWKHHYHQLQJ%XWVFDUFHO\KDGEHVWHSSHGRXWRIKLV
FDUULDJHZKHQWKHSRUWHUPHWKLPZLWKDSDUFHOLQKLVKDQG
6LUVDLGKHWKDWPDQKDVEHHQKHUH
:KDWPDQ"VDLG$QGUHDFDUHOHVVO\DSSDUHQWO\IRUJHWWLQJ
KLPZKRPKHEXWWRRZHOOUHFROOHFWHG
+LPWRZKRP\RXUH[FHOOHQF\SD\VWKDWOLWWOHDQQXLW\
2KVDLG$QGUHDP\IDWKHU
VROGVHUYDQW:HOO\RXJDYH
KLPWKHWZRKXQGUHGIUDQFV,KDGOHIWIRUKLP"
<HV\RXUH[FHOOHQF\$QGUHDKDGH[SUHVVHGDZLVKWREH
WKXVDGGUHVVHG%XWFRQWLQXHGWKHSRUWHUKHZRXOGQRW
WDNHWKHP$QGUHDWXUQHGSDOHEXWDVLWZDVGDUNKLV
SDOORUZDVQRWSHUFHSWLEOH:KDW"KHZRXOGQRWWDNHWKHP"
VDLGKHZLWKVOLJKWHPRWLRQ
1RKHZLVKHGWRVSHDNWR\RXUH[FHOOHQF\,WROGKLP\RX
ZHUHJRQHRXWDQGDIWHUVRPHGLVSXWHKHEHOLHYHGPHDQG
JDYHPHWKLVOHWWHUZKLFKKHKDGEURXJKWZLWKKLPDOUHDG\
VHDOHG
*LYHLWPHVDLG$QGUHDDQGKHUHDGE\WKHOLJKWRIKLV
FDUULDJHODPS<RXNQRZZKHUH,OLYH,H[SHFW\RX
WRPRUURZPRUQLQJDWQLQHR
FORFN

1035

$QGUHDH[DPLQHGLWFDUHIXOO\WRDVFHUWDLQLIWKHOHWWHUKDG
EHHQRSHQHGRULIDQ\LQGLVFUHHWH\HVKDGVHHQLWV
FRQWHQWVEXWLWZDVVRFDUHIXOO\IROGHGWKDWQRRQHFRXOG
KDYHUHDGLWDQGWKHVHDOZDVSHUIHFW9HU\ZHOOVDLG
KH3RRUPDQKHLVDZRUWK\FUHDWXUH+HOHIWWKHSRUWHU
WRSRQGHURQWKHVHZRUGVQRWNQRZLQJZKLFKPRVWWRDGPLUH
WKHPDVWHURUWKHVHUYDQW7DNHRXWWKHKRUVHVTXLFNO\DQG
FRPHXSWRPHVDLG$QGUHDWRKLVJURRP,QWZRVHFRQGVWKH
\RXQJPDQKDGUHDFKHGKLVURRPDQGEXUQW&DGHURXVVH
V
OHWWHU7KHVHUYDQWHQWHUHGMXVWDVKHKDGILQLVKHG<RX
DUHDERXWP\KHLJKW3LHUUHVDLGKH
,KDYHWKDWKRQRU\RXUH[FHOOHQF\
<RXKDGDQHZOLYHU\\HVWHUGD\"
<HVVLU
,KDYHDQHQJDJHPHQWZLWKDSUHWW\OLWWOHJLUOIRUWKLV
HYHQLQJDQGGRQRWZLVKWREHNQRZQOHQGPH\RXUOLYHU\
WLOOWRPRUURZ,PD\VOHHSSHUKDSVDWDQLQQ3LHUUH
REH\HG)LYHPLQXWHVDIWHU$QGUHDOHIWWKHKRWHO
FRPSOHWHO\GLVJXLVHGWRRNDFDEULROHWDQGRUGHUHGWKH
GULYHUWRWDNHKLPWRWKH&KHYDO5RXJHDW3LFSXV7KHQH[W
PRUQLQJKHOHIWWKDWLQQDVKHKDGOHIWWKH+RWHOGHV
3ULQFHVZLWKRXWEHLQJQRWLFHGZDONHGGRZQWKH)DXERXUJ6W
$QWRLQHDORQJWKHERXOHYDUGWR5XH0HQLOPRQWDQWDQG
VWRSSLQJDWWKHGRRURIWKHWKLUGKRXVHRQWKHOHIWORRNHG
IRUVRPHRQHRIZKRPWRPDNHLQTXLU\LQWKHSRUWHU
V
DEVHQFH)RUZKRPDUH\RXORRNLQJP\ILQHIHOORZ"DVNHG
WKHIUXLWHUHVVRQWKHRSSRVLWHVLGH
0RQVLHXU3DLOOHWLQLI\RXSOHDVHP\JRRGZRPDQUHSOLHG
$QGUHD
$UHWLUHGEDNHU"DVNHGWKHIUXLWHUHVV
([DFWO\
+HOLYHVDWWKHHQGRIWKH\DUGRQWKHOHIWRQWKHWKLUG
VWRU\$QGUHDZHQWDVVKHGLUHFWHGKLPDQGRQWKHWKLUG
IORRUKHIRXQGDKDUH
VSDZZKLFKE\WKHKDVW\ULQJLQJRI
WKHEHOOLWZDVHYLGHQWKHSXOOHGZLWKFRQVLGHUDEOH

1036

LOOWHPSHU$PRPHQWDIWHU&DGHURXVVH
VIDFHDSSHDUHGDWWKH
JUDWLQJLQWKHGRRU$K\RXDUHSXQFWXDOVDLGKHDVKH
GUHZEDFNWKHGRRU
&RQIRXQG\RXDQG\RXUSXQFWXDOLW\VDLG$QGUHDWKURZLQJ
KLPVHOILQWRDFKDLULQDPDQQHUZKLFKLPSOLHGWKDWKHZRXOG
UDWKHUKDYHIOXQJLWDWWKHKHDGRIKLVKRVW
&RPHFRPHP\OLWWOHIHOORZGRQ
WEHDQJU\6HH,KDYH
WKRXJKWDERXW\RXORRNDWWKHJRRGEUHDNIDVWZHDUHJRLQJ
WRKDYHQRWKLQJEXWZKDW\RXDUHIRQGRI$QGUHDLQGHHG
LQKDOHGWKHVFHQWRIVRPHWKLQJFRRNLQJZKLFKZDVQRW
XQZHOFRPHWRKLPKXQJU\DVKHZDVLWZDVWKDWPL[WXUHRI
IDWDQGJDUOLFSHFXOLDUWRSURYLQFLDONLWFKHQVRIDQ
LQIHULRURUGHUDGGHGWRWKDWRIGULHGILVKDQGDERYHDOO
WKHSXQJHQWVPHOORIPXVNDQGFORYHV7KHVHRGRUVHVFDSHG
IURPWZRGHHSGLVKHVZKLFKZHUHFRYHUHGDQGSODFHGRQD
VWRYHDQGIURPDFRSSHUSDQSODFHGLQDQROGLURQSRW,Q
DQDGMRLQLQJURRP$QGUHDVDZDOVRDWROHUDEO\FOHDQWDEOH
SUHSDUHGIRUWZRWZRERWWOHVRIZLQHVHDOHGWKHRQHZLWK
JUHHQWKHRWKHUZLWK\HOORZDVXSSO\RIEUDQG\LQD
GHFDQWHUDQGDPHDVXUHRIIUXLWLQDFDEEDJHOHDIFOHYHUO\
DUUDQJHGRQDQHDUWKHQZDUHSODWH
:KDWGR\RXWKLQNRILWP\OLWWOHIHOORZ"VDLG
&DGHURXVVH$\WKDWVPHOOVJRRG<RXNQRZ,XVHGWREHD
IDPRXVFRRNGR\RXUHFROOHFWKRZ\RXXVHGWROLFN\RXU
ILQJHUV"<RXZHUHDPRQJWKHILUVWZKRWDVWHGDQ\RIP\
GLVKHVDQG,WKLQN\RXUHOLVKHGWKHPWROHUDEO\:KLOH
VSHDNLQJ&DGHURXVVHZHQWRQSHHOLQJDIUHVKVXSSO\RI
RQLRQV
%XWVDLG$QGUHDLOOWHPSHUHGO\E\P\IDLWKLILWZDV
RQO\WREUHDNIDVWZLWK\RXWKDW\RXGLVWXUEHGPH,ZLVK
WKHGHYLOKDGWDNHQ\RX
0\ER\VDLG&DGHURXVVHVHQWHQWLRXVO\RQHFDQWDONZKLOH
HDWLQJ$QGWKHQ\RXXQJUDWHIXOEHLQJ\RXDUHQRWSOHDVHG
WRVHHDQROGIULHQG",DPZHHSLQJZLWKMR\+HZDVWUXO\
FU\LQJEXWLWZRXOGKDYHEHHQGLIILFXOWWRVD\ZKHWKHUMR\
RUWKHRQLRQVSURGXFHGWKHJUHDWHVWHIIHFWRQWKHODFKU\PDO
JODQGVRIWKHROGLQQNHHSHURIWKH3RQWGX*DUG+ROG\RXU
WRQJXHK\SRFULWHVDLG$QGUHD\RXORYHPH

1037

<HV,GRRUPD\WKHGHYLOWDNHPH,NQRZLWLVD
ZHDNQHVVVDLG&DGHURXVVHEXWLWRYHUSRZHUVPH
$QG\HWLWKDVQRWSUHYHQWHG\RXUVHQGLQJIRUPHWRSOD\PH
VRPHWULFN
&RPHVDLG&DGHURXVVHZLSLQJKLVODUJHNQLIHRQKLV
DSURQLI,GLGQRWOLNH\RXGR\RXWKLQN,VKRXOGHQGXUH
WKHZUHWFKHGOLIH\RXOHDGPH"7KLQNIRUDPRPHQW<RXKDYH
\RXUVHUYDQW
VFORWKHVRQ\RXWKHUHIRUHNHHSDVHUYDQW,
KDYHQRQHDQGDPREOLJHGWRSUHSDUHP\RZQPHDOV<RXDEXVH
P\FRRNHU\EHFDXVH\RXGLQHDWWKHWDEOHG
KRWHRIWKH+RWHO
GHV3ULQFHVRUWKH&DIHGH3DULV:HOO,WRRFRXOGNHHSD
VHUYDQW,WRRFRXOGKDYHDWLOEXU\,WRRFRXOGGLQHZKHUH
,OLNHEXWZK\GR,QRW"%HFDXVH,ZRXOGQRWDQQR\P\
OLWWOH%HQHGHWWR&RPHMXVWDFNQRZOHGJHWKDW,FRXOGHK"
7KLVDGGUHVVZDVDFFRPSDQLHGE\DORRNZKLFKZDVE\QRPHDQV
GLIILFXOWWRXQGHUVWDQG:HOOVDLG$QGUHDDGPLWWLQJ
\RXUORYHZK\GR\RXZDQWPHWREUHDNIDVWZLWK\RX"
7KDW,PD\KDYHWKHSOHDVXUHRIVHHLQJ\RXP\OLWWOH
IHOORZ
:KDWLVWKHXVHRIVHHLQJPHDIWHUZHKDYHPDGHDOORXU
DUUDQJHPHQWV"
(KGHDUIULHQGVDLG&DGHURXVVHDUHZLOOVHYHUPDGH
ZLWKRXWFRGLFLOV"%XW\RXILUVWFDPHWREUHDNIDVWGLG\RX
QRW":HOOVLWGRZQDQGOHWXVEHJLQZLWKWKHVHSLOFKDUGV
DQGWKLVIUHVKEXWWHUZKLFK,KDYHSXWRQVRPHYLQHOHDYHV
WRSOHDVH\RXZLFNHGRQH$K\HV\RXORRNDWP\URRPP\
IRXUVWUDZFKDLUVP\LPDJHVWKUHHIUDQFVHDFK%XWZKDWGR
\RXH[SHFW"7KLVLVQRWWKH+RWHOGHV3ULQFHV
&RPH\RXDUHJURZLQJGLVFRQWHQWHG\RXDUHQRORQJHU
KDSS\\RXZKRRQO\ZLVKWROLYHOLNHDUHWLUHGEDNHU
&DGHURXVVHVLJKHG:HOOZKDWKDYH\RXWRVD\"\RXKDYH
VHHQ\RXUGUHDPUHDOL]HG
,FDQVWLOOVD\LWLVDGUHDPDUHWLUHGEDNHUP\SRRU
%HQHGHWWRLVULFKKHKDVDQDQQXLW\
:HOO\RXKDYHDQDQQXLW\

1038

,KDYH"
<HVVLQFH,EULQJ\RX\RXUWZRKXQGUHGIUDQFV&DGHURXVVH
VKUXJJHGKLVVKRXOGHUV,WLVKXPLOLDWLQJVDLGKHWKXV
WRUHFHLYHPRQH\JLYHQJUXGJLQJO\DQXQFHUWDLQVXSSO\
ZKLFKPD\VRRQIDLO<RXVHH,DPREOLJHGWRHFRQRPL]HLQ
FDVH\RXUSURVSHULW\VKRXOGFHDVH:HOOP\IULHQGIRUWXQH
LVLQFRQVWDQWDVWKHFKDSODLQRIWKHUHJLPHQWVDLG,NQRZ
\RXUSURVSHULW\LVJUHDW\RXUDVFDO\RXDUHWRPDUU\WKH
GDXJKWHURI'DQJODUV
:KDW"RI'DQJODUV"
<HVWREHVXUHPXVW,VD\%DURQ'DQJODUV",PLJKWDVZHOO
VD\&RXQW%HQHGHWWR+HZDVDQROGIULHQGRIPLQHDQGLIKH
KDGQRWVREDGDPHPRU\KHRXJKWWRLQYLWHPHWR\RXU
ZHGGLQJVHHLQJKHFDPHWRPLQH<HV\HVWRPLQHJDGKH
ZDVQRWVRSURXGWKHQKHZDVDQXQGHUFOHUNWRWKHJRRG
00RUUHO,KDYHGLQHGPDQ\WLPHVZLWKKLPDQGWKH&RXQWRI
0RUFHUIVR\RXVHH,KDYHVRPHKLJKFRQQHFWLRQVDQGZHUH,
WRFXOWLYDWHWKHPDOLWWOHZHPLJKWPHHWLQWKHVDPH
GUDZLQJURRPV
&RPH\RXUMHDORXV\UHSUHVHQWVHYHU\WKLQJWR\RXLQWKH
ZURQJOLJKW
7KDWLVDOOYHU\ILQH%HQHGHWWRPLREXW,NQRZZKDW,DP
VD\LQJ3HUKDSV,PD\RQHGD\SXWRQP\EHVWFRDWDQG
SUHVHQWLQJP\VHOIDWWKHJUHDWJDWHLQWURGXFHP\VHOI
0HDQZKLOHOHWXVVLWGRZQDQGHDW&DGHURXVVHVHWWKH
H[DPSOHDQGDWWDFNHGWKHEUHDNIDVWZLWKJRRGDSSHWLWH
SUDLVLQJHDFKGLVKKHVHWEHIRUHKLVYLVLWRU7KHODWWHU
VHHPHGWRKDYHUHVLJQHGKLPVHOIKHGUHZWKHFRUNVDQG
SDUWRRNODUJHO\RIWKHILVKZLWKWKHJDUOLFDQGIDW$K
PDWHVDLG&DGHURXVVH\RXDUHJHWWLQJRQEHWWHUWHUPV
ZLWK\RXUROGODQGORUG
)DLWK\HVUHSOLHG$QGUHDZKRVHKXQJHUSUHYDLOHGRYHU
HYHU\RWKHUIHHOLQJ
6R\RXOLNHLW\RXURJXH"
6RPXFKWKDW,ZRQGHUKRZDPDQZKRFDQFRRNWKXVFDQ
FRPSODLQRIKDUGOLYLQJ

1039

'R\RXVHHVDLG&DGHURXVVHDOOP\KDSSLQHVVLVPDUUHG
E\RQHWKRXJKW"
:KDWLVWKDW"
7KDW,DPGHSHQGHQWRQDQRWKHU,ZKRKDYHDOZD\VJDLQHGP\
RZQOLYHOLKRRGKRQHVWO\
'RQRWOHWWKDWGLVWXUE\RX,KDYHHQRXJKIRUWZR
1RWUXO\\RXPD\EHOLHYHPHLI\RXZLOODWWKHHQGRI
HYHU\PRQWK,DPWRUPHQWHGE\UHPRUVH
*RRG&DGHURXVVH
6RPXFKVRWKDW\HVWHUGD\,ZRXOGQRWWDNHWKHWZRKXQGUHG
IUDQFV
<HV\RXZLVKHGWRVSHDNWRPHEXWZDVLWLQGHHGUHPRUVH
WHOOPH"
7UXHUHPRUVHDQGEHVLGHVDQLGHDKDGVWUXFNPH$QGUHD
VKXGGHUHGKHDOZD\VGLGVRDW&DGHURXVVH
VLGHDV,WLV
PLVHUDEOHGR\RXVHH"DOZD\VWRZDLWWLOOWKHHQGRI
WKHPRQWK2KVDLG$QGUHDSKLORVRSKLFDOO\GHWHUPLQHG
WRZDWFKKLVFRPSDQLRQQDUURZO\GRHVQRWOLIHSDVVLQ
ZDLWLQJ"'R,IRULQVWDQFHIDUHEHWWHU":HOO,ZDLW
SDWLHQWO\GR,QRW"
<HVEHFDXVHLQVWHDGRIH[SHFWLQJWZRKXQGUHGZUHWFKHG
IUDQFV\RXH[SHFWILYHRUVL[WKRXVDQGSHUKDSVWHQ
SHUKDSVHYHQWZHOYHIRU\RXWDNHFDUHQRWWROHWDQ\RQH
NQRZWKHXWPRVW'RZQWKHUH\RXDOZD\VKDGOLWWOHSUHVHQWV
DQG&KULVWPDVER[HVZKLFK\RXWULHGWRKLGHIURP\RXUSRRU
IULHQG&DGHURXVVH)RUWXQDWHO\KHLVDFXQQLQJIHOORZWKDW
IULHQG&DGHURXVVH
7KHUH\RXDUHEHJLQQLQJDJDLQWRUDPEOHWRWDONDJDLQDQG
DJDLQRIWKHSDVW%XWZKDWLVWKHXVHRIWHDVLQJPHZLWK
JRLQJDOORYHUWKDWDJDLQ"
$K\RXDUHRQO\RQHDQGWZHQW\DQGFDQIRUJHWWKHSDVW,
DPILIW\DQGDPREOLJHGWRUHFROOHFWLW%XWOHWXVUHWXUQ

1040

WREXVLQHVV
<HV
,ZDVJRLQJWRVD\LI,ZHUHLQ\RXUSODFH
:HOO
,ZRXOGUHDOL]H
+RZZRXOG\RXUHDOL]H"
,ZRXOGDVNIRUVL[PRQWKV
LQDGYDQFHXQGHUSUHWHQFHRI
EHLQJDEOHWRSXUFKDVHDIDUPWKHQZLWKP\VL[PRQWKV,
ZRXOGGHFDPS
:HOOZHOOVDLG$QGUHDWKDWLVQ
WDEDGLGHD
0\GHDUIULHQGVDLG&DGHURXVVHHDWRIP\EUHDGDQG
WDNHP\DGYLFH\RXZLOOEHQRQHWKHZRUVHRIISK\VLFDOO\
RUPRUDOO\
%XWVDLG$QGUHDZK\GR\RXQRWDFWRQWKHDGYLFH\RX
JDYHPH":K\GR\RXQRWUHDOL]HDVL[PRQWKV
D\HDU
V
DGYDQFHHYHQDQGUHWLUHWR%UXVVHOV",QVWHDGRIOLYLQJWKH
UHWLUHGEDNHU\RXPLJKWOLYHDVDEDQNUXSWXVLQJKLV
SULYLOHJHVWKDWZRXOGEHYHU\JRRG
%XWKRZWKHGHYLOZRXOG\RXKDYHPHUHWLUHRQWZHOYH
KXQGUHGIUDQFV"
$K&DGHURXVVHVDLG$QGUHDKRZFRYHWRXV\RXDUH7ZR
PRQWKVDJR\RXZHUHG\LQJZLWKKXQJHU
7KHDSSHWLWHJURZVE\ZKDWLWIHHGVRQVDLG&DGHURXVVH
JULQQLQJDQGVKRZLQJKLVWHHWKOLNHDPRQNH\ODXJKLQJRUD
WLJHUJURZOLQJ$QGDGGHGKHELWLQJRIIZLWKKLVODUJH
ZKLWHWHHWKDQHQRUPRXVPRXWKIXORIEUHDG,KDYHIRUPHGD
SODQ&DGHURXVVH
VSODQVDODUPHG$QGUHDVWLOOPRUHWKDQKLV
LGHDVLGHDVZHUHEXWWKHJHUPWKHSODQZDVUHDOLW\/HW
PHVHH\RXUSODQ,GDUHVD\LWLVDSUHWW\RQH
:K\QRW":KRIRUPHGWKHSODQE\ZKLFKZHOHIWWKH
HVWDEOLVKPHQWRI0HK"ZDVLWQRW,"DQGLWZDVQR

1041

EDGRQH,EHOLHYHVLQFHKHUHZHDUH
,GRQRWVD\UHSOLHG$QGUHDWKDW\RXQHYHUPDNHDJRRG
RQHEXWOHWXVVHH\RXUSODQ
:HOOSXUVXHG&DGHURXVVHFDQ\RXZLWKRXWH[SHQGLQJRQH
VRXSXWPHLQWKHZD\RIJHWWLQJILIWHHQWKRXVDQGIUDQFV"
1RILIWHHQWKRXVDQGDUHQRWHQRXJK,FDQQRWDJDLQ
EHFRPHDQKRQHVWPDQZLWKOHVVWKDQWKLUW\WKRXVDQGIUDQFV
1RUHSOLHG$QGUHDGU\O\QR,FDQQRW
,GRQRWWKLQN\RXXQGHUVWDQGPHUHSOLHG&DGHURXVVH
FDOPO\,VDLGZLWKRXW\RXUOD\LQJRXWDVRX
'R\RXZDQWPHWRFRPPLWDUREEHU\WRVSRLODOOP\JRRG
IRUWXQHDQG\RXUVZLWKPLQHDQGERWKRIXVWREH
GUDJJHGGRZQWKHUHDJDLQ"
,WZRXOGPDNHYHU\OLWWOHGLIIHUHQFHWRPHVDLG
&DGHURXVVHLI,ZHUHUHWDNHQ,DPDSRRUFUHDWXUHWROLYH
DORQHDQGVRPHWLPHVSLQHIRUP\ROGFRPUDGHVQRWOLNH\RX
KHDUWOHVVFUHDWXUHZKRZRXOGEHJODGQHYHUWRVHHWKHP
DJDLQ$QGUHDGLGPRUHWKDQWUHPEOHWKLVWLPHKHWXUQHG
SDOH
&RPH&DGHURXVVHQRQRQVHQVHVDLGKH
'RQ
WDODUP\RXUVHOIP\OLWWOH%HQHGHWWREXWMXVWSRLQW
RXWWRPHVRPHPHDQVRIJDLQLQJWKRVHWKLUW\WKRXVDQGIUDQFV
ZLWKRXW\RXUDVVLVWDQFHDQG,ZLOOFRQWULYHLW
:HOO,
OOVHH,
OOWU\WRFRQWULYHVRPHZD\VDLG
$QGUHD
0HDQZKLOH\RXZLOOUDLVHP\PRQWKO\DOORZDQFHWRILYH
KXQGUHGIUDQFVP\OLWWOHIHOORZ",KDYHDIDQF\DQGPHDQ
WRJHWDKRXVHNHHSHU
:HOO\RXVKDOOKDYH\RXUILYHKXQGUHGIUDQFVVDLG
$QGUHDEXWLWLVYHU\KDUGIRUPHP\SRRU&DGHURXVVH
\RXWDNHDGYDQWDJH
%DKVDLG&DGHURXVVHZKHQ\RXKDYHDFFHVVWRFRXQWOHVV

1042

VWRUHV2QHZRXOGKDYHVDLG$QGUHDDQWLFLSDWHGKLV
FRPSDQLRQ
VZRUGVVRGLGKLVH\HIODVKOLNHOLJKWQLQJEXW
LWZDVEXWIRUDPRPHQW7UXHKHUHSOLHGDQGP\
SURWHFWRULVYHU\NLQG
7KDWGHDUSURWHFWRUVDLG&DGHURXVVHDQGKRZPXFKGRHV
KHJLYH\RXPRQWKO\"
)LYHWKRXVDQGIUDQFV
$VPDQ\WKRXVDQGVDV\RXJLYHPHKXQGUHGV7UXO\LWLV
RQO\EDVWDUGVZKRDUHWKXVIRUWXQDWH)LYHWKRXVDQGIUDQFV
SHUPRQWK:KDWWKHGHYLOFDQ\RXGRZLWKDOOWKDW"
2KLWLVQRWURXEOHWRVSHQGWKDWDQG,DPOLNH\RX,
ZDQWFDSLWDO
&DSLWDO"\HV,XQGHUVWDQGHYHU\RQHZRXOGOLNH
FDSLWDO
:HOODQG,VKDOOJHWLW
:KRZLOOJLYHLWWR\RX\RXUSULQFH"
<HVP\SULQFH%XWXQIRUWXQDWHO\,PXVWZDLW
<RXPXVWZDLWIRUZKDW"DVNHG&DGHURXVVH
)RUKLVGHDWK
7KHGHDWKRI\RXUSULQFH"
<HV
+RZVR"
%HFDXVHKHKDVPDGHKLVZLOOLQP\IDYRU
,QGHHG"
2QP\KRQRU
)RUKRZPXFK"

1043

)RUILYHKXQGUHGWKRXVDQG
2QO\WKDW",W
VOLWWOHHQRXJK
%XWVRLWLV
1RLWFDQQRWEH
$UH\RXP\IULHQG&DGHURXVVH"
<HVLQOLIHRUGHDWK
:HOO,ZLOOWHOO\RXDVHFUHW
:KDWLVLW"
%XWUHPHPEHU
$KSDUGLHXPXWHDVDFDUS
:HOO,WKLQN$QGUHDVWRSSHGDQGORRNHGDURXQG
<RXWKLQN"'RQRWIHDUSDUGLHXZHDUHDORQH
,WKLQN,KDYHGLVFRYHUHGP\IDWKHU
<RXUWUXHIDWKHU"
<HV
1RWROG&DYDOFDQWL"
1RIRUKHKDVJRQHDJDLQWKHWUXHRQHDV\RXVD\
$QGWKDWIDWKHULV
:HOO&DGHURXVVHLWLV0RQWH&ULVWR
%DK
<HV\RXXQGHUVWDQGWKDWH[SODLQVDOO+HFDQQRW
DFNQRZOHGJHPHRSHQO\LWDSSHDUVEXWKHGRHVLWWKURXJK0
&DYDOFDQWLDQGJLYHVKLPILIW\WKRXVDQGIUDQFVIRULW

1044

)LIW\WKRXVDQGIUDQFVIRUEHLQJ\RXUIDWKHU",ZRXOGKDYH
GRQHLWIRUKDOIWKDWIRUWZHQW\WKRXVDQGIRUILIWHHQ
WKRXVDQGZK\GLG\RXQRWWKLQNRIPHXQJUDWHIXOPDQ"
'LG,NQRZDQ\WKLQJDERXWLWZKHQLWZDVDOOGRQHZKHQ,
ZDVGRZQWKHUH"
$KWUXO\"$QG\RXVD\WKDWE\KLVZLOO
+HOHDYHVPHILYHKXQGUHGWKRXVDQGOLYUHV
$UH\RXVXUHRILW"
+HVKRZHGLWPHEXWWKDWLVQRWDOOWKHUHLVDFRGLFLO
DV,VDLGMXVWQRZ
3UREDEO\
$QGLQWKDWFRGLFLOKHDFNQRZOHGJHVPH
2KWKHJRRGIDWKHUWKHEUDYHIDWKHUWKHYHU\KRQHVW
IDWKHUVDLG&DGHURXVVHWZLUOLQJDSODWHLQWKHDLU
EHWZHHQKLVWZRKDQGV
1RZVD\LI,FRQFHDODQ\WKLQJIURP\RX"
1RDQG\RXUFRQILGHQFHPDNHV\RXKRQRUDEOHLQP\RSLQLRQ
DQG\RXUSULQFHO\IDWKHULVKHULFKYHU\ULFK"
<HVKHLVWKDWKHGRHVQRWKLPVHOINQRZWKHDPRXQWRIKLV
IRUWXQH
,VLWSRVVLEOH"
,WLVHYLGHQWHQRXJKWRPHZKRDPDOZD\VDWKLVKRXVH7KH
RWKHUGD\DEDQNHU
VFOHUNEURXJKWKLPILIW\WKRXVDQGIUDQFV
LQDSRUWIROLRDERXWWKHVL]HRI\RXUSODWH\HVWHUGD\KLV
EDQNHUEURXJKWKLPDKXQGUHGWKRXVDQGIUDQFVLQJROG
&DGHURXVVHZDVILOOHGZLWKZRQGHUWKH\RXQJPDQ
VZRUGV
VRXQGHGWRKLPOLNHPHWDODQGKHWKRXJKWKHFRXOGKHDUWKH
UXVKLQJRIFDVFDGHVRIORXLV$QG\RXJRLQWRWKDWKRXVH"
FULHGKHEULVNO\
:KHQ,OLNH

1045

&DGHURXVVHZDVWKRXJKWIXOIRUDPRPHQW,WZDVHDV\WR
SHUFHLYHKHZDVUHYROYLQJVRPHXQIRUWXQDWHLGHDLQKLVPLQG
7KHQVXGGHQO\+RZ,VKRXOGOLNHWRVHHDOOWKDWFULHG
KHKRZEHDXWLIXOLWPXVWEH
,WLVLQIDFWPDJQLILFHQWVDLG$QGUHD
$QGGRHVKHQRWOLYHLQWKH&KDPSV(O\VHHV"
<HV1R
$KVDLG&DGHURXVVH1R
<HVDILQHKRXVHVWDQGLQJDORQHEHWZHHQDFRXUW\DUGDQG
DJDUGHQ\RXPXVWNQRZLW
3RVVLEO\EXWLWLVQRWWKHH[WHULRU,FDUHIRULWLVWKH
LQWHULRU:KDWEHDXWLIXOIXUQLWXUHWKHUHPXVWEHLQLW
+DYH\RXHYHUVHHQWKH7XLOHULHV"
1R
:HOOLWVXUSDVVHVWKDW
,WPXVWEHZRUWKRQH
VZKLOHWRVWRRS$QGUHDZKHQWKDW
JRRG00RQWH&ULVWROHWVIDOOKLVSXUVH
,WLVQRWZRUWKZKLOHWRZDLWIRUWKDWVDLG$QGUHD
PRQH\LVDVSOHQWLIXOLQWKDWKRXVHDVIUXLWLQDQ
RUFKDUG
%XW\RXVKRXOGWDNHPHWKHUHRQHGD\ZLWK\RX
+RZFDQ,"2QZKDWSOHD"
<RXDUHULJKWEXW\RXKDYHPDGHP\PRXWKZDWHU,PXVW
DEVROXWHO\VHHLW,VKDOOILQGDZD\
1RQRQVHQVH&DGHURXVVH
,ZLOORIIHUP\VHOIDVIORRUSROLVKHU

1046

7KHURRPVDUHDOOFDUSHWHG
:HOOWKHQ,PXVWEHFRQWHQWHGWRLPDJLQHLW
7KDWLVWKHEHVWSODQEHOLHYHPH
7U\DWOHDVWWRJLYHPHDQLGHDRIZKDWLWLV
+RZFDQ,"
1RWKLQJLVHDVLHU,VLWODUJH"
0LGGOLQJ
+RZLVLWDUUDQJHG"
)DLWK,VKRXOGUHTXLUHSHQLQNDQGSDSHUWRPDNHD
SODQ
7KH\DUHDOOKHUHVDLG&DGHURXVVHEULVNO\+HIHWFKHG
IURPDQROGVHFUHWDU\DVKHHWRIZKLWHSDSHUDQGSHQDQG
LQN+HUHVDLG&DGHURXVVHGUDZPHDOOWKDWRQWKH
SDSHUP\ER\$QGUHDWRRNWKHSHQZLWKDQLPSHUFHSWLEOH
VPLOHDQGEHJDQ7KHKRXVHDV,VDLGLVEHWZHHQWKHFRXUW
DQGWKHJDUGHQLQWKLVZD\GR\RXVHH"$QGUHDGUHZWKH
JDUGHQWKHFRXUWDQGWKHKRXVH
+LJKZDOOV"
1RWPRUHWKDQHLJKWRUWHQIHHW
7KDWLVQRWSUXGHQWVDLG&DGHURXVVH
,QWKHFRXUWDUHRUDQJHWUHHVLQSRWVWXUIDQGFOXPSVRI
IORZHUV
$QGQRVWHHOWUDSV"
1R
7KHVWDEOHV"
$UHRQHLWKHUVLGHRIWKHJDWHZKLFK\RXVHHWKHUH$QG
$QGUHDFRQWLQXHGKLVSODQ

1047

/HWXVVHHWKHJURXQGIORRUVDLG&DGHURXVVH
2QWKHJURXQGIORRUGLQLQJURRPWZRGUDZLQJURRPV
ELOOLDUGURRPVWDLUFDVHLQWKHKDOODQGDOLWWOHEDFN
VWDLUFDVH
:LQGRZV"
0DJQLILFHQWZLQGRZVVREHDXWLIXOVRODUJHWKDW,EHOLHYH
DPDQRI\RXUVL]HVKRXOGSDVVWKURXJKHDFKIUDPH
:K\WKHGHYLOKDYHWKH\DQ\VWDLUVZLWKVXFKZLQGRZV"
/X[XU\KDVHYHU\WKLQJ
%XWVKXWWHUV"
<HVEXWWKH\DUHQHYHUXVHG7KDW&RXQWRI0RQWH&ULVWRLV
DQRULJLQDOZKRORYHVWRORRNDWWKHVN\HYHQDWQLJKW
$QGZKHUHGRWKHVHUYDQWVVOHHS"
2KWKH\KDYHDKRXVHWRWKHPVHOYHV3LFWXUHWR\RXUVHOID
SUHWW\FRDFKKRXVHDWWKHULJKWKDQGVLGHZKHUHWKHODGGHUV
DUHNHSW:HOORYHUWKDWFRDFKKRXVHDUHWKHVHUYDQWV

URRPVZLWKEHOOVFRUUHVSRQGLQJZLWKWKHGLIIHUHQW
DSDUWPHQWV
$KGLDEOHEHOOVGLG\RXVD\"
:KDWGR\RXPHDQ"
2KQRWKLQJ,RQO\VD\WKH\FRVWDORDGRIPRQH\WRKDQJ
DQGZKDWLVWKHXVHRIWKHP,VKRXOGOLNHWRNQRZ"
7KHUHXVHGWREHDGRJOHWORRVHLQWKH\DUGDWQLJKWEXW
LWKDVEHHQWDNHQWRWKHKRXVHDW$XWHXLOWRWKDW\RXZHQW
WR\RXNQRZ
<HV
,ZDVVD\LQJWRKLPRQO\\HVWHUGD\C<RXDUHLPSUXGHQW
0RQVLHXU&RXQWIRUZKHQ\RXJRWR$XWHXLODQGWDNH\RXU

1048

VHUYDQWVWKHKRXVHLVOHIWXQSURWHFWHG
:HOO
VDLGKH
CZKDWQH[W"
C:HOOQH[WVRPHGD\\RXZLOOEHUREEHG

:KDWGLGKHDQVZHU"
+HTXLHWO\VDLGC:KDWGR,FDUHLI,DP"

$QGUHDKHKDVVRPHVHFUHWDU\ZLWKDVSULQJ
+RZGR\RXNQRZ"
<HVZKLFKFDWFKHVWKHWKLHILQDWUDSDQGSOD\VDWXQH,
ZDVWROGWKHUHZHUHVXFKDWWKHODVWH[KLELWLRQ
+HKDVVLPSO\DPDKRJDQ\VHFUHWDU\LQZKLFKWKHNH\LV
DOZD\VNHSW
$QGKHLVQRWUREEHG"
1RKLVVHUYDQWVDUHDOOGHYRWHGWRKLP
7KHUHRXJKWWREHVRPHPRQH\LQWKDWVHFUHWDU\"
7KHUHPD\EH1RRQHNQRZVZKDWWKHUHLV
$QGZKHUHLVLW"
2QWKHILUVWIORRU
6NHWFKPHWKHSODQRIWKDWIORRUDV\RXKDYHGRQHRIWKH
JURXQGIORRUP\ER\
7KDWLVYHU\VLPSOH$QGUHDWRRNWKHSHQ2QWKHILUVW
VWRU\GR\RXVHHWKHUHLVWKHDQWHURRPDQGWKH
GUDZLQJURRPWRWKHULJKWRIWKHGUDZLQJURRPDOLEUDU\
DQGDVWXG\WRWKHOHIWDEHGURRPDQGDGUHVVLQJURRP7KH
IDPRXVVHFUHWDU\LVLQWKHGUHVVLQJURRP
,VWKHUHDZLQGRZLQWKHGUHVVLQJURRP"
7ZRRQHKHUHDQGRQHWKHUH$QGUHDVNHWFKHGWZR
ZLQGRZVLQWKHURRPZKLFKIRUPHGDQDQJOHRQWKHSODQDQG
DSSHDUHGDVDVPDOOVTXDUHDGGHGWRWKHUHFWDQJOHRIWKH
EHGURRP&DGHURXVVHEHFDPHWKRXJKWIXO'RHVKHRIWHQJRWR

1049

$XWHXLO"DGGHGKH
7ZRRUWKUHHWLPHVDZHHN7RPRUURZIRULQVWDQFHKHLV
JRLQJWRVSHQGWKHGD\DQGQLJKWWKHUH
$UH\RXVXUHRILW"
+HKDVLQYLWHGPHWRGLQHWKHUH
7KHUH
VDOLIHIRU\RXVDLG&DGHURXVVHDWRZQKRXVHDQG
DFRXQWU\KRXVH
7KDWLVZKDWLWLVWREHULFK
$QGVKDOO\RXGLQHWKHUH"
3UREDEO\
:KHQ\RXGLQHWKHUHGR\RXVOHHSWKHUH"
,I,OLNH,DPDWKRPHWKHUH&DGHURXVVHORRNHGDWWKH
\RXQJPDQDVLIWRJHWDWWKHWUXWKIURPWKHERWWRPRIKLV
KHDUW%XW$QGUHDGUHZDFLJDUFDVHIURPKLVSRFNHWWRRND
KDYDQDTXLHWO\OLWLWDQGEHJDQVPRNLQJ:KHQGR\RXZDQW
\RXUWZHOYHKXQGUHGIUDQFV"VDLGKHWR&DGHURXVVH
1RZLI\RXKDYHWKHP$QGUHDWRRNILYHDQGWZHQW\ORXLV
IURPKLVSRFNHW
<HOORZER\V"VDLG&DGHURXVVHQR,WKDQN\RX
2K\RXGHVSLVHWKHP
2QWKHFRQWUDU\,HVWHHPWKHPEXWZLOOQRWKDYHWKHP
<RXFDQFKDQJHWKHPLGLRWJROGLVZRUWKILYHVRXV
([DFWO\DQGKHZKRFKDQJHVWKHPZLOOIROORZIULHQG
&DGHURXVVHOD\KDQGVRQKLPDQGGHPDQGZKDWIDUPHUVSD\
KLPWKHLUUHQWLQJROG1RQRQVHQVHP\JRRGIHOORZVLOYHU
VLPSO\URXQGFRLQVZLWKWKHKHDGRIVRPHPRQDUFKRURWKHU
RQWKHP$Q\ERG\PD\SRVVHVVDILYHIUDQFSLHFH
%XWGR\RXVXSSRVH,FDUU\ILYHKXQGUHGIUDQFVDERXWZLWK

1050

PH",VKRXOGZDQWDSRUWHU
:HOOOHDYHWKHPZLWK\RXUSRUWHUKHLVWREHWUXVWHG,
ZLOOFDOOIRUWKHP
7RGD\"
1RWRPRUURZ,VKDOOQRWKDYHWLPHWRGD\
:HOOWRPRUURZ,ZLOOOHDYHWKHPZKHQ,JRWR$XWHXLO
0D\,GHSHQGRQLW"
&HUWDLQO\
%HFDXVH,VKDOOVHFXUHP\KRXVHNHHSHURQWKHVWUHQJWKRI
LW
1RZVHHKHUHZLOOWKDWEHDOO"(K"$QGZLOO\RXQRW
WRUPHQWPHDQ\PRUH"
1HYHU&DGHURXVVHKDGEHFRPHVRJORRP\WKDW$QGUHDIHDUHG
KHVKRXOGEHREOLJHGWRQRWLFHWKHFKDQJH+HUHGRXEOHGKLV
JD\HW\DQGFDUHOHVVQHVV+RZVSULJKWO\\RXDUHVDLG
&DGHURXVVH2QHZRXOGVD\\RXZHUHDOUHDG\LQSRVVHVVLRQRI
\RXUSURSHUW\
1RXQIRUWXQDWHO\EXWZKHQ,GRREWDLQLW
:HOO"
,VKDOOUHPHPEHUROGIULHQGV,FDQWHOO\RXWKDW
<HVVLQFH\RXKDYHVXFKDJRRGPHPRU\
:KDWGR\RXZDQW",WORRNVDVLI\RXZHUHWU\LQJWRIOHHFH
PH"
,":KDWDQLGHD,ZKRDPJRLQJWRJLYH\RXDQRWKHUSLHFH
RIJRRGDGYLFH
:KDWLVLW"
7ROHDYHEHKLQG\RXWKHGLDPRQG\RXKDYHRQ\RXUILQJHU:H

1051

VKDOOERWKJHWLQWRWURXEOH<RXZLOOUXLQERWK\RXUVHOIDQG
PHE\\RXUIROO\
+RZVR"VDLG$QGUHD
+RZ"<RXSXWRQDOLYHU\\RXGLVJXLVH\RXUVHOIDVD
VHUYDQWDQG\HWNHHSDGLDPRQGRQ\RXUILQJHUZRUWKIRXURU
ILYHWKRXVDQGIUDQFV
<RXJXHVVZHOO
,NQRZVRPHWKLQJRIGLDPRQGV,KDYHKDGVRPH
<RXGRZHOOWRERDVWRILWVDLG$QGUHDZKRZLWKRXW
EHFRPLQJDQJU\DV&DGHURXVVHIHDUHGDWWKLVQHZH[WRUWLRQ
TXLHWO\UHVLJQHGWKHULQJ&DGHURXVVHORRNHGVRFORVHO\DW
LWWKDW$QGUHDZHOONQHZWKDWKHZDVH[DPLQLQJWRVHHLIDOO
WKHHGJHVZHUHSHUIHFW
,WLVDIDOVHGLDPRQGVDLG&DGHURXVVH
<RXDUHMRNLQJQRZUHSOLHG$QGUHD
'RQRWEHDQJU\ZHFDQWU\LW&DGHURXVVHZHQWWRWKH
ZLQGRZWRXFKHGWKHJODVVZLWKLWDQGIRXQGLWZRXOGFXW
&RQILWHRUVDLG&DGHURXVVHSXWWLQJWKHGLDPRQGRQKLV
OLWWOHILQJHU,ZDVPLVWDNHQEXWWKRVHWKLHYHVRI
MHZHOOHUVLPLWDWHVRZHOOWKDWLWLVQRORQJHUZRUWKZKLOH
WRUREDMHZHOOHU
VVKRSLWLVDQRWKHUEUDQFKRILQGXVWU\
SDUDO\]HG
+DYH\RXILQLVKHG"VDLG$QGUHDGR\RXZDQWDQ\WKLQJ
PRUH"ZLOO\RXKDYHP\ZDLVWFRDWRUP\KDW"0DNHIUHH
QRZ\RXKDYHEHJXQ
1R\RXDUHDIWHUDOODJRRGFRPSDQLRQ,ZLOOQRWGHWDLQ
\RXDQGZLOOWU\WRFXUHP\VHOIRIP\DPELWLRQ
%XWWDNHFDUHWKHVDPHWKLQJGRHVQRWKDSSHQWR\RXLQ
VHOOLQJWKHGLDPRQG\RXIHDUHGZLWKWKHJROG
,VKDOOQRWVHOOLWGRQRWIHDU

1052

1RWDWOHDVWWLOOWKHGD\DIWHUWRPRUURZWKRXJKWWKH
\RXQJPDQ
+DSS\URJXHVDLG&DGHURXVVH\RXDUHJRLQJWRILQG\RXU
VHUYDQWV\RXUKRUVHV\RXUFDUULDJHDQG\RXUEHWURWKHG
<HVVDLG$QGUHD
:HOO,KRSH\RXZLOOPDNHDKDQGVRPHZHGGLQJSUHVHQWWKH
GD\\RXPDUU\0DGHPRLVHOOH'DQJODUV
,KDYHDOUHDG\WROG\RXLWLVDIDQF\\RXKDYHWDNHQLQ
\RXUKHDG
:KDWIRUWXQHKDVVKH"
%XW,WHOO\RX
$PLOOLRQ"$QGUHDVKUXJJHGKLVVKRXOGHUV
/HWLWEHDPLOOLRQVDLG&DGHURXVVH\RXFDQQHYHUKDYH
VRPXFKDV,ZLVK\RX
7KDQN\RXVDLGWKH\RXQJPDQ
2K,ZLVKLW\RXZLWKDOOP\KHDUWDGGHG&DGHURXVVHZLWK
KLVKRDUVHODXJK6WRSOHWPHVKRZ\RXWKHZD\
,WLVQRWZRUWKZKLOH
<HVLWLV
:K\"
%HFDXVHWKHUHLVDOLWWOHVHFUHWDSUHFDXWLRQ,WKRXJKWLW
GHVLUDEOHWRWDNHRQHRI+XUHW )LWFKHW
VORFNVUHYLVHG
DQGLPSURYHGE\*DVSDUG&DGHURXVVH,ZLOOPDQXIDFWXUH\RXD
VLPLODURQHZKHQ\RXDUHDFDSLWDOLVW
7KDQN\RXVDLG$QGUHD,ZLOOOHW\RXNQRZDZHHN
EHIRUHKDQG7KH\SDUWHG&DGHURXVVHUHPDLQHGRQWKHODQGLQJ
XQWLOKHKDGQRWRQO\VHHQ$QGUHDJRGRZQWKHWKUHHVWRULHV
EXWDOVRFURVVWKHFRXUW7KHQKHUHWXUQHGKDVWLO\VKXWKLV
GRRUFDUHIXOO\DQGEHJDQWRVWXG\OLNHDFOHYHUDUFKLWHFW

1053

WKHSODQ$QGUHDKDGOHIWKLP
'HDU%HQHGHWWRVDLGKH,WKLQNKHZLOOQRWEHVRUU\WR
LQKHULWKLVIRUWXQHDQGKHZKRKDVWHQVWKHGD\ZKHQKHFDQ
WRXFKKLVILYHKXQGUHGWKRXVDQGZLOOQRWEHKLVZRUVW
IULHQG

&KDSWHU
7KH%XUJODU\
7KHGD\IROORZLQJWKDWRQZKLFKWKHFRQYHUVDWLRQZHKDYH
UHODWHGWRRNSODFHWKH&RXQWRI0RQWH&ULVWRVHWRXWIRU
$XWHXLODFFRPSDQLHGE\$OLDQGVHYHUDODWWHQGDQWVDQGDOVR
WDNLQJZLWKKLPVRPHKRUVHVZKRVHTXDOLWLHVKHZDVGHVLURXV
RIDVFHUWDLQLQJ+HZDVLQGXFHGWRXQGHUWDNHWKLVMRXUQH\
RIZKLFKWKHGD\EHIRUHKHKDGQRWHYHQWKRXJKWDQGZKLFK
KDGQRWRFFXUUHGWR$QGUHDHLWKHUE\WKHDUULYDORI
%HUWXFFLRIURP1RUPDQG\ZLWKLQWHOOLJHQFHUHVSHFWLQJWKH
KRXVHDQGVORRS7KHKRXVHZDVUHDG\DQGWKHVORRSZKLFK
KDGDUULYHGDZHHNEHIRUHOD\DWDQFKRULQDVPDOOFUHHN
ZLWKKHUFUHZRIVL[PHQZKRKDGREVHUYHGDOOWKHUHTXLVLWH
IRUPDOLWLHVDQGZHUHUHDG\DJDLQWRSXWWRVHD
7KHFRXQWSUDLVHG%HUWXFFLR
V]HDODQGRUGHUHGKLPWR
SUHSDUHIRUDVSHHG\GHSDUWXUHDVKLVVWD\LQ)UDQFHZRXOG
QRWEHSURORQJHGPRUHWKDQDPRXWK1RZVDLGKH,PD\
UHTXLUHWRJRLQRQHQLJKWIURP3DULVWR7UHSRUWOHWHLJKW
IUHVKKRUVHVEHLQUHDGLQHVVRQWKHURDGZKLFKZLOOHQDEOH
PHWRJRILIW\OHDJXHVLQWHQKRXUV
<RXUKLJKQHVVKDGDOUHDG\H[SUHVVHGWKDWZLVKVDLG
%HUWXFFLRDQGWKHKRUVHVDUHUHDG\,KDYHERXJKWWKHP
DQGVWDWLRQHGWKHPP\VHOIDWWKHPRVWGHVLUDEOHSRVWVWKDW
LVLQYLOODJHVZKHUHQRRQHJHQHUDOO\VWRSV
7KDW
VZHOOVDLG0RQWH&ULVWR,UHPDLQKHUHDGD\RU
WZRDUUDQJHDFFRUGLQJO\$V%HUWXFFLRZDVOHDYLQJWKH
URRPWRJLYHWKHUHTXLVLWHRUGHUV%DSWLVWLQRSHQHGWKH
GRRUKHKHOGDOHWWHURQDVLOYHUZDLWHU
:KDWDUH\RXGRLQJKHUH"DVNHGWKHFRXQWVHHLQJKLP
FRYHUHGZLWKGXVW,GLGQRWVHQGIRU\RX,WKLQN"

1054

%DSWLVWLQZLWKRXWDQVZHULQJDSSURDFKHGWKHFRXQWDQG
SUHVHQWHGWKHOHWWHU,PSRUWDQWDQGXUJHQWVDLGKH7KH
FRXQWRSHQHGWKHOHWWHUDQGUHDG
0GH0RQWH&ULVWRLVDSSULVHGWKDWWKLVQLJKWDPDQZLOO
HQWHUKLVKRXVHLQWKH&KDPSV(O\VHHVZLWKWKHLQWHQWLRQRI
FDUU\LQJRIIVRPHSDSHUVVXSSRVHGWREHLQWKHVHFUHWDU\LQ
WKHGUHVVLQJURRP7KHFRXQW
VZHOONQRZQFRXUDJHZLOO
UHQGHUXQQHFHVVDU\WKHDLGRIWKHSROLFHZKRVHLQWHUIHUHQFH
PLJKWVHULRXVO\DIIHFWKLPZKRVHQGVWKLVDGYLFH7KHFRXQW
E\DQ\RSHQLQJIURPWKHEHGURRPRUE\FRQFHDOLQJKLPVHOILQ
WKHGUHVVLQJURRPZRXOGEHDEOHWRGHIHQGKLVSURSHUW\
KLPVHOI0DQ\DWWHQGHQWVRUDSSDUHQWSUHFDXWLRQVZRXOG
SUHYHQWWKHYLOODLQIURPWKHDWWHPSWDQG0GH0RQWH&ULVWR
ZRXOGORVHWKHRSSRUWXQLW\RIGLVFRYHULQJDQHQHP\ZKRP
FKDQFHKDVUHYHDOHGWRKLPZKRQRZVHQGVWKLVZDUQLQJWRWKH
FRXQWDZDUQLQJKHPLJKWQRWEHDEOHWRVHQGDQRWKHU
WLPHLIWKLVILUVWDWWHPSWVKRXOGIDLODQGDQRWKHUEH
PDGH
7KHFRXQW
VILUVWLGHDZDVWKDWWKLVZDVDQDUWLILFHD
JURVVGHFHSWLRQWRGUDZKLVDWWHQWLRQIURPDPLQRUGDQJHU
LQRUGHUWRH[SRVHKLPWRDJUHDWHU+HZDVRQWKHSRLQWRI
VHQGLQJWKHOHWWHUWRWKHFRPPLVVDU\RISROLFH
QRWZLWKVWDQGLQJWKHDGYLFHRIKLVDQRQ\PRXVIULHQGRU
SHUKDSVEHFDXVHRIWKDWDGYLFHZKHQVXGGHQO\WKHLGHD
RFFXUUHGWRKLPWKDWLWPLJKWEHVRPHSHUVRQDOHQHP\ZKRP
KHDORQHVKRXOGUHFRJQL]HDQGRYHUZKRPLIVXFKZHUHWKH
FDVHKHDORQHZRXOGJDLQDQ\DGYDQWDJHDV)LHVFR KDGGRQH
RYHUWKH0RRUZKRZRXOGKDYHNLOOHGKLP:HNQRZWKH&RXQW
V
YLJRURXVDQGGDULQJPLQGGHQ\LQJDQ\WKLQJWREHLPSRVVLEOH
ZLWKWKDWHQHUJ\ZKLFKPDUNVWKHJUHDWPDQ)URPKLVSDVW
OLIHIURPKLVUHVROXWLRQWRVKULQNIURPQRWKLQJWKHFRXQW
KDGDFTXLUHGDQLQFRQFHLYDEOHUHOLVKIRUWKHFRQWHVWVLQ
ZKLFKKHKDGHQJDJHGVRPHWLPHVDJDLQVWQDWXUHWKDWLVWR
VD\DJDLQVW*RGDQGVRPHWLPHVDJDLQVWWKHZRUOGWKDWLV
DJDLQVWWKHGHYLO
7KH*HQRHVHFRQVSLUDWRU
7KH\GRQRWZDQWP\SDSHUVVDLG0RQWH&ULVWRWKH\ZDQW
WRNLOOPHWKH\DUHQRUREEHUVEXWDVVDVVLQV,ZLOOQRW
DOORZWKHSUHIHFWRISROLFHWRLQWHUIHUHZLWKP\SULYDWH

1055

DIIDLUV,DPULFKHQRXJKIRUVRRWKWRGLVWULEXWHKLV
DXWKRULW\RQWKLVRFFDVLRQ7KHFRXQWUHFDOOHG%DSWLVWLQ
ZKRKDGOHIWWKHURRPDIWHUGHOLYHULQJWKHOHWWHU5HWXUQ
WR3DULVVDLGKHDVVHPEOHWKHVHUYDQWVZKRUHPDLQWKHUH
,ZDQWDOOP\KRXVHKROGDW$XWHXLO
%XWZLOOQRRQHUHPDLQLQWKHKRXVHP\ORUG"DVNHG
%DSWLVWLQ
<HVWKHSRUWHU
0\ORUGZLOOUHPHPEHUWKDWWKHORGJHLVDWDGLVWDQFHIURP
WKHKRXVH
:HOO"
7KHKRXVHPLJKWEHVWULSSHGZLWKRXWKLVKHDULQJWKHOHDVW
QRLVH
%\ZKRP"
%\WKLHYHV
<RXDUHDIRRO0%DSWLVWLQ7KLHYHVPLJKWVWULSWKHKRXVH
LWZRXOGDQQR\PHOHVVWKDQWREHGLVREH\HG%DSWLVWLQ
ERZHG
<RXXQGHUVWDQGPH"VDLGWKHFRXQW%ULQJ\RXUFRPUDGHV
KHUHRQHDQGDOOEXWOHWHYHU\WKLQJUHPDLQDVXVXDORQO\
FORVHWKHVKXWWHUVRIWKHJURXQGIORRU
$QGWKRVHRIWKHVHFRQGIORRU"
<RXNQRZWKH\DUHQHYHUFORVHG*R
7KHFRXQWVLJQLILHGKLVLQWHQWLRQRIGLQLQJDORQHDQGWKDW
QRRQHEXW$OLVKRXOGDWWHQGKLP+DYLQJGLQHGZLWKKLV
XVXDOWUDQTXLOOLW\DQGPRGHUDWLRQWKHFRXQWPDNLQJD
VLJQDOWR$OLWRIROORZKLPZHQWRXWE\WKHVLGHJDWHDQG
RQUHDFKLQJWKH%RLVGH%RXORJQHWXUQHGDSSDUHQWO\ZLWKRXW
GHVLJQWRZDUGV3DULVDQGDWWZLOLJKWIRXQGKLPVHOIRSSRVLWH
KLVKRXVHLQWKH&KDPSV(O\VHHV$OOZDVGDUNRQHVROLWDU\
IHHEOHOLJKWZDVEXUQLQJLQWKHSRUWHU
VORGJHDERXWIRUW\
SDFHVGLVWDQWIURPWKHKRXVHDV%DSWLVWLQKDGVDLG0RQWH

1056

&ULVWROHDQHGDJDLQVWDWUHHDQGZLWKWKDWVFUXWLQL]LQJ
JODQFHZKLFKZDVVRUDUHO\GHFHLYHGORRNHGXSDQGGRZQWKH
DYHQXHH[DPLQHGWKHSDVVHUVE\DQGFDUHIXOO\ORRNHGGRZQ
WKHQHLJKERULQJVWUHHWVWRVHHWKDWQRRQHZDVFRQFHDOHG
7HQPLQXWHVSDVVHGWKXVDQGKHZDVFRQYLQFHGWKDWQRRQH
ZDVZDWFKLQJKLP+HKDVWHQHGWRWKHVLGHGRRUZLWK$OL
HQWHUHGKXUULHGO\DQGE\WKHVHUYDQWV
VWDLUFDVHRIZKLFK
KHKDGWKHNH\JDLQHGKLVEHGURRPZLWKRXWRSHQLQJRU
GLVDUUDQJLQJDVLQJOHFXUWDLQZLWKRXWHYHQWKHSRUWHU
KDYLQJWKHVOLJKWHVWVXVSLFLRQWKDWWKHKRXVHZKLFKKH
VXSSRVHGHPSW\FRQWDLQHGLWVFKLHIRFFXSDQW
$UULYHGLQKLVEHGURRPWKHFRXQWPRWLRQHGWR$OLWRVWRS
WKHQKHSDVVHGLQWRWKHGUHVVLQJURRPZKLFKKHH[DPLQHG
(YHU\WKLQJDSSHDUHGDVXVXDOWKHSUHFLRXVVHFUHWDU\LQ
LWVSODFHDQGWKHNH\LQWKHVHFUHWDU\+HGRXEOHORFNHG
LWWRRNWKHNH\UHWXUQHGWRWKHEHGURRPGRRUUHPRYHGWKH
GRXEOHVWDSOHRIWKHEROWDQGZHQWLQ0HDQZKLOH$OLKDG
SURFXUHGWKHDUPVWKHFRXQWUHTXLUHGQDPHO\DVKRUW
FDUELQHDQGDSDLURIGRXEOHEDUUHOOHGSLVWROVZLWKZKLFK
DVVXUHDQDLPPLJKWEHWDNHQDVZLWKDVLQJOHEDUUHOOHG
RQH7KXVDUPHGWKHFRXQWKHOGWKHOLYHVRIILYHPHQLQKLV
KDQGV,WZDVDERXWKDOISDVWQLQH7KHFRXQWDQG$OLDWHLQ
KDVWHDFUXVWRIEUHDGDQGGUDQNDJODVVRI6SDQLVKZLQH
WKHQ0RQWH&ULVWRVOLSSHGDVLGHRQHRIWKHPRYDEOHSDQHOV
ZKLFKHQDEOHGKLPWRVHHLQWRWKHDGMRLQLQJURRP+HKDG
ZLWKLQKLVUHDFKKLVSLVWROVDQGFDUELQHDQG$OLVWDQGLQJ
QHDUKLPKHOGRQHRIWKHVPDOO$UDELDQKDWFKHWVZKRVHIRUP
KDVQRWYDULHGVLQFHWKH&UXVDGHV7KURXJKRQHRIWKH
ZLQGRZVRIWKHEHGURRPRQDOLQHZLWKWKDWLQWKH
GUHVVLQJURRPWKHFRXQWFRXOGVHHLQWRWKHVWUHHW
7ZRKRXUVSDVVHGWKXV,WZDVLQWHQVHO\GDUNVWLOO$OL
WKDQNVWRKLVZLOGQDWXUHDQGWKHFRXQWWKDQNVGRXEWOHVV
WRKLVORQJFRQILQHPHQWFRXOGGLVWLQJXLVKLQWKHGDUNQHVV
WKHVOLJKWHVWPRYHPHQWRIWKHWUHHV7KHOLWWOHOLJKWLQWKH
ORGJHKDGORQJEHHQH[WLQFW,WPLJKWEHH[SHFWHGWKDWWKH
DWWDFNLILQGHHGDQDWWDFNZDVSURMHFWHGZRXOGEHPDGH
IURPWKHVWDLUFDVHRIWKHJURXQGIORRUDQGQRWIURPD
ZLQGRZLQ0RQWH&ULVWR
VRSLQLRQWKHYLOODLQVVRXJKWKLV
OLIHQRWKLVPRQH\,WZRXOGEHKLVEHGURRPWKH\ZRXOG
DWWDFNDQGWKH\PXVWUHDFKLWE\WKHEDFNVWDLUFDVHRUE\
WKHZLQGRZLQWKHGUHVVLQJURRP7KHFORFNRIWKH,QYDOLGHV
VWUXFNDTXDUWHUWRWZHOYHWKHZHVWZLQGERUHRQLWV

1057

PRLVWHQHGJXVWVWKHGROHIXOYLEUDWLRQRIWKHWKUHHVWURNHV
$VWKHODVWVWURNHGLHGDZD\WKHFRXQWWKRXJKWKHKHDUGD
VOLJKWQRLVHLQWKHGUHVVLQJURRPWKLVILUVWVRXQGRU
UDWKHUWKLVILUVWJULQGLQJZDVIROORZHGE\DVHFRQGWKHQD
WKLUGDWWKHIRXUWKWKHFRXQWNQHZZKDWWRH[SHFW$ILUP
DQGZHOOSUDFWLVHGKDQGZDVHQJDJHGLQFXWWLQJWKHIRXU
VLGHVRIDSDQHRIJODVVZLWKDGLDPRQG7KHFRXQWIHOWKLV
KHDUWEHDWPRUHUDSLGO\,QXUHGDVPHQPD\EHWRGDQJHU
IRUHZDUQHGDVWKH\PD\EHRISHULOWKH\XQGHUVWDQGE\WKH
IOXWWHULQJRIWKHKHDUWDQGWKHVKXGGHULQJRIWKHIUDPHWKH
HQRUPRXVGLIIHUHQFHEHWZHHQDGUHDPDQGDUHDOLW\EHWZHHQ
WKHSURMHFWDQGWKHH[HFXWLRQ+RZHYHU0RQWH&ULVWRRQO\
PDGHDVLJQWRDSSULVH$OLZKRXQGHUVWDQGLQJWKDWGDQJHU
ZDVDSSURDFKLQJIURPWKHRWKHUVLGHGUHZQHDUHUWRKLV
PDVWHU0RQWH&ULVWRZDVHDJHUWRDVFHUWDLQWKHVWUHQJWKDQG
QXPEHURIKLVHQHPLHV
7KHZLQGRZZKHQFHWKHQRLVHSURFHHGHGZDVRSSRVLWHWKH
RSHQLQJE\ZKLFKWKHFRXQWFRXOGVHHLQWRWKHGUHVVLQJURRP
+HIL[HGKLVH\HVRQWKDWZLQGRZKHGLVWLQJXLVKHGD
VKDGRZLQWKHGDUNQHVVWKHQRQHRIWKHSDQHVEHFDPHTXLWH
RSDTXHDVLIDVKHHWRISDSHUZHUHVWXFNRQWKHRXWVLGH
WKHQWKHVTXDUHFUDFNHGZLWKRXWIDOOLQJ7KURXJKWKHRSHQLQJ
DQDUPZDVSDVVHGWRILQGWKHIDVWHQLQJWKHQDVHFRQGWKH
ZLQGRZWXUQHGRQLWVKLQJHVDQGDPDQHQWHUHG+HZDV
DORQH
7KDW
VDGDULQJUDVFDOZKLVSHUHGWKHFRXQW
$WWKDWPRPHQW$OLWRXFKHGKLPVOLJKWO\RQWKHVKRXOGHU+H
WXUQHG$OLSRLQWHGWRWKHZLQGRZRIWKHURRPLQZKLFKWKH\
ZHUHIDFLQJWKHVWUHHW,VHHVDLGKHWKHUHDUHWZRRI
WKHPRQHGRHVWKHZRUNZKLOHWKHRWKHUVWDQGVJXDUG+H
PDGHDVLJQWR$OLQRWWRORVHVLJKWRIWKHPDQLQWKH
VWUHHWDQGWXUQHGWRWKHRQHLQWKHGUHVVLQJURRP
7KHJODVVFXWWHUKDGHQWHUHGDQGZDVIHHOLQJKLVZD\KLV
DUPVVWUHWFKHGRXWEHIRUHKLP$WODVWKHDSSHDUHGWRKDYH
PDGHKLPVHOIIDPLOLDUZLWKKLVVXUURXQGLQJV7KHUHZHUHWZR
GRRUVKHEROWHGWKHPERWK
:KHQKHGUHZQHDUWRWKHEHGURRPGRRU0RQWH&ULVWRH[SHFWHG
WKDWKHZDVFRPLQJLQDQGUDLVHGRQHRIKLVSLVWROVEXWKH

1058

VLPSO\KHDUGWKHVRXQGRIWKHEROWVVOLGLQJLQWKHLUFRSSHU
ULQJV,WZDVRQO\DSUHFDXWLRQ7KHQRFWXUQDOYLVLWRU
LJQRUDQWRIWKHIDFWWKDWWKHFRXQWKDGUHPRYHGWKHVWDSOHV
PLJKWQRZWKLQNKLPVHOIDWKRPHDQGSXUVXHKLVSXUSRVHZLWK
IXOOVHFXULW\$ORQHDQGIUHHWRDFWDVKHZLVKHGWKHPDQ
WKHQGUHZIURPKLVSRFNHWVRPHWKLQJZKLFKWKHFRXQWFRXOG
QRWGLVFHUQSODFHGLWRQDVWDQGWKHQZHQWVWUDLJKWWRWKH
VHFUHWDU\IHOWWKHORFNDQGFRQWUDU\WRKLVH[SHFWDWLRQ
IRXQGWKDWWKHNH\ZDVPLVVLQJ%XWWKHJODVVFXWWHUZDVD
SUXGHQWPDQZKRKDGSURYLGHGIRUDOOHPHUJHQFLHV7KHFRXQW
VRRQKHDUGWKHUDWWOLQJRIDEXQFKRIVNHOHWRQNH\VVXFKDV
WKHORFNVPLWKEULQJVZKHQFDOOHGWRIRUFHDORFNDQGZKLFK
WKLHYHVFDOOQLJKWLQJDOHVGRXEWOHVVIURPWKHPXVLFRIWKHLU
QLJKWO\VRQJZKHQWKH\JULQGDJDLQVWWKHEROW$KKD
ZKLVSHUHG0RQWH&ULVWRZLWKDVPLOHRIGLVDSSRLQWPHQWKH
LVRQO\DWKLHI
%XWWKHPDQLQWKHGDUNFRXOGQRWILQGWKHULJKWNH\+H
UHDFKHGWKHLQVWUXPHQWKHKDGSODFHGRQWKHVWDQGWRXFKHGD
VSULQJDQGLPPHGLDWHO\DSDOHOLJKWMXVWEULJKWHQRXJKWR
UHQGHUREMHFWVGLVWLQFWZDVUHIOHFWHGRQKLVKDQGVDQG
FRXQWHQDQFH%\KHDYHQVH[FODLPHG0RQWH&ULVWRVWDUWLQJ
EDFNLWLV
$OLUDLVHGKLVKDWFKHW'RQ
WVWLUZKLVSHUHG0RQWH
&ULVWRDQGSXWGRZQ\RXUKDWFKHWZHVKDOOUHTXLUHQR
DUPV7KHQKHDGGHGVRPHZRUGVLQDORZWRQHIRUWKH
H[FODPDWLRQZKLFKVXUSULVHKDGGUDZQIURPWKHFRXQWIDLQW
DVLWKDGEHHQKDGVWDUWOHGWKHPDQZKRUHPDLQHGLQWKH
SRVHRIWKHROGNQLIHJULQGHU,WZDVDQRUGHUWKHFRXQWKDG
MXVWJLYHQIRULPPHGLDWHO\$OLZHQWQRLVHOHVVO\DQG
UHWXUQHGEHDULQJDEODFNGUHVVDQGDWKUHHFRUQHUHGKDW
0HDQZKLOH0RQWH&ULVWRKDGUDSLGO\WDNHQRIIKLVJUHDWFRDW
ZDLVWFRDWDQGVKLUWDQGRQHPLJKWGLVWLQJXLVKE\WKH
JOLPPHULQJWKURXJKWKHRSHQSDQHOWKDWKHZRUHDSOLDQW
WXQLFRIVWHHOPDLORIZKLFKWKHODVWLQ)UDQFHZKHUH
GDJJHUVDUHQRORQJHUGUHDGHGZDVZRUQE\.LQJ/RXLV;9,
ZKRIHDUHGWKHGDJJHUDWKLVEUHDVWDQGZKRVHKHDGZDV
FOHIWZLWKDKDWFKHW7KHWXQLFVRRQGLVDSSHDUHGXQGHUD
ORQJFDVVRFNDVGLGKLVKDLUXQGHUDSULHVW
VZLJWKH
WKUHHFRUQHUHGKDWRYHUWKLVHIIHFWXDOO\WUDQVIRUPHGWKH
FRXQWLQWRDQDEEH
7KHPDQKHDULQJQRWKLQJPRUHVWRRGHUHFWDQGZKLOH0RQWH

1059

&ULVWRZDVFRPSOHWLQJKLVGLVJXLVHKDGDGYDQFHGVWUDLJKWWR
WKHVHFUHWDU\ZKRVHORFNZDVEHJLQQLQJWRFUDFNXQGHUKLV
QLJKWLQJDOH
7U\DJDLQZKLVSHUHGWKHFRXQWZKRGHSHQGHGRQWKHVHFUHW
VSULQJZKLFKZDVXQNQRZQWRWKHSLFNORFNFOHYHUDVKH
PLJKWEHWU\DJDLQ\RXKDYHDIHZPLQXWHV
ZRUNWKHUH
$QGKHDGYDQFHGWRWKHZLQGRZ7KHPDQZKRPKHKDGVHHQ
VHDWHGRQDIHQFHKDGJRWGRZQDQGZDVVWLOOSDFLQJWKH
VWUHHWEXWVWUDQJHDVLWDSSHDUHGKHFDUHGQRWIRUWKRVH
ZKRPLJKWSDVVIURPWKHDYHQXHRIWKH&KDPSV(O\VHHVRUE\
WKH)DXERXUJ6W+RQRUHKLVDWWHQWLRQZDVHQJURVVHGZLWK
ZKDWZDVSDVVLQJDWWKHFRXQW
VDQGKLVRQO\DLPDSSHDUHG
WREHWRGLVFHUQHYHU\PRYHPHQWLQWKHGUHVVLQJURRP
0RQWH&ULVWRVXGGHQO\VWUXFNKLVILQJHURQKLVIRUHKHDGDQG
DVPLOHSDVVHGRYHUKLVOLSVWKHQGUDZLQJQHDUWR$OLKH
ZKLVSHUHG
5HPDLQKHUHFRQFHDOHGLQWKHGDUNDQGZKDWHYHUQRLVH\RX
KHDUZKDWHYHUSDVVHVRQO\FRPHLQRUVKRZ\RXUVHOILI,
FDOO\RX$OLERZHGLQWRNHQRIVWULFWREHGLHQFH0RQWH
&ULVWRWKHQGUHZDOLJKWHGWDSHUIURPDFORVHWDQGZKHQWKH
WKLHIZDVGHHSO\HQJDJHGZLWKKLVORFNVLOHQWO\RSHQHGWKH
GRRUWDNLQJFDUHWKDWWKHOLJKWVKRXOGVKLQHGLUHFWO\RQ
KLVIDFH7KHGRRURSHQHGVRTXLHWO\WKDWWKHWKLHIKHDUGQR
VRXQGEXWWRKLVDVWRQLVKPHQWWKHURRPZDVVXGGHQO\
LOOXPLQDWHG+HWXUQHG
$KJRRGHYHQLQJP\GHDU0&DGHURXVVHVDLG0RQWH
&ULVWRZKDWDUH\RXGRLQJKHUHDWVXFKDQKRXU"
7KH$EEH%XVRQLH[FODLPHG&DGHURXVVHDQGQRWNQRZLQJ
KRZWKLVVWUDQJHDSSDULWLRQFRXOGKDYHHQWHUHGZKHQKHKDG
EROWHGWKHGRRUVKHOHWIDOOKLVEXQFKRINH\VDQG
UHPDLQHGPRWLRQOHVVDQGVWXSHILHG7KHFRXQWSODFHGKLPVHOI
EHWZHHQ&DGHURXVVHDQGWKHZLQGRZWKXVFXWWLQJRIIIURPWKH
WKLHIKLVRQO\FKDQFHRIUHWUHDW7KH$EEH%XVRQL
UHSHDWHG&DGHURXVVHIL[LQJKLVKDJJDUGJD]HRQWKHFRXQW
<HVXQGRXEWHGO\WKH$EEH%XVRQLKLPVHOIUHSOLHG0RQWH
&ULVWR$QG,DPYHU\JODG\RXUHFRJQL]HPHGHDU0
&DGHURXVVHLWSURYHV\RXKDYHDJRRGPHPRU\IRULWPXVWEH
DERXWWHQ\HDUVVLQFHZHODVWPHW7KLVFDOPQHVVRI%XVRQL

1060

FRPELQHGZLWKKLVLURQ\DQGEROGQHVVVWDJJHUHG&DGHURXVVH
7KHDEEHWKHDEEHPXUPXUHGKHFOLQFKLQJKLVILVWVDQG
KLVWHHWKFKDWWHULQJ
6R\RXZRXOGUREWKH&RXQWRI0RQWH&ULVWR"FRQWLQXHGWKH
IDOVHDEEH
5HYHUHQGVLUPXUPXUHG&DGHURXVVHVHHNLQJWRUHJDLQWKH
ZLQGRZZKLFKWKHFRXQWSLWLOHVVO\EORFNHGUHYHUHQGVLU
,GRQ
WNQRZEHOLHYHPH,WDNHP\RDWK
$SDQHRIJODVVRXWFRQWLQXHGWKHFRXQWDGDUNODQWHUQ
DEXQFKRIIDOVHNH\VDVHFUHWDU\KDOIIRUFHGLWLV
WROHUDEO\HYLGHQW
&DGHURXVVHZDVFKRNLQJKHORRNHGDURXQGIRUVRPHFRUQHUWR
KLGHLQVRPHZD\RIHVFDSH
&RPHFRPHFRQWLQXHGWKHFRXQW,VHH\RXDUHVWLOOWKH
VDPHDQDVVDVVLQ
5HYHUHQGVLUVLQFH\RXNQRZHYHU\WKLQJ\RXNQRZLWZDV
QRW,LWZDV/D&DUFRQWHWKDWZDVSURYHGDWWKHWULDO
VLQFH,ZDVRQO\FRQGHPQHGWRWKHJDOOH\V
,V\RXUWLPHWKHQH[SLUHGVLQFH,ILQG\RXLQDIDLUZD\
WRUHWXUQWKHUH"
1RUHYHUHQGVLU,KDYHEHHQOLEHUDWHGE\VRPHRQH
7KDWVRPHRQHKDVGRQHVRFLHW\DJUHDWNLQGQHVV
$KVDLG&DGHURXVVH,KDGSURPLVHG
$QG\RXDUHEUHDNLQJ\RXUSURPLVHLQWHUUXSWHG0RQWH
&ULVWR
$ODV\HVVDLG&DGHURXVVHYHU\XQHDVLO\
$EDGUHODSVHWKDWZLOOOHDG\RXLI,PLVWDNHQRWWRWKH
3ODFHGH*UHYH6RPXFKWKHZRUVHVRPXFKWKHZRUVH
GLDYRORDVWKH\VD\LQP\FRXQWU\

1061

5HYHUHQGVLU,DPLPSHOOHG
(YHU\FULPLQDOVD\VWKHVDPHWKLQJ
3RYHUW\
3VKDZVDLG%XVRQLGLVGDLQIXOO\SRYHUW\PD\PDNHDPDQ
EHJVWHDODORDIRIEUHDGDWDEDNHU
VGRRUEXWQRWFDXVH
KLPWRRSHQDVHFUHWDU\LQDKRXVHVXSSRVHGWREHLQKDELWHG
$QGZKHQWKHMHZHOOHU-RKDQQHVKDGMXVWSDLG\RX
IUDQFVIRUWKHGLDPRQG,KDGJLYHQ\RXDQG\RXNLOOHGKLP
WRJHWWKHGLDPRQGDQGWKHPRQH\ERWKZDVWKDWDOVR
SRYHUW\"
3DUGRQUHYHUHQGVLUVDLG&DGHURXVVH\RXKDYHVDYHGP\
OLIHRQFHVDYHPHDJDLQ
7KDWLVEXWSRRUHQFRXUDJHPHQW
$UH\RXDORQHUHYHUHQGVLURUKDYH\RXWKHUHVROGLHUV
UHDG\WRVHL]HPH"
,DPDORQHVDLGWKHDEEHDQG,ZLOODJDLQKDYHSLW\RQ
\RXDQGZLOOOHW\RXHVFDSHDWWKHULVNRIWKHIUHVK
PLVHULHVP\ZHDNQHVVPD\OHDGWRLI\RXWHOOPHWKHWUXWK
$KUHYHUHQGVLUFULHG&DGHURXVVHFODVSLQJKLVKDQGV
DQGGUDZLQJQHDUHUWR0RQWH&ULVWR,PD\LQGHHGVD\\RX
DUHP\GHOLYHUHU
<RXPHDQWRVD\\RXKDYHEHHQIUHHGIURPFRQILQHPHQW"
<HVWKDWLVWUXHUHYHUHQGVLU
:KRZDV\RXUOLEHUDWRU"
$Q(QJOLVKPDQ
:KDWZDVKLVQDPH"
/RUG:LOPRUH
,NQRZKLP,VKDOONQRZLI\RXOLH

1062

$KUHYHUHQGVLU,WHOO\RXWKHVLPSOHWUXWK
:DVWKLV(QJOLVKPDQSURWHFWLQJ\RX"
1RQRWPHEXWD\RXQJ&RUVLFDQP\FRPSDQLRQ
:KDWZDVWKLV\RXQJ&RUVLFDQ
VQDPH"
%HQHGHWWR
,VWKDWKLV&KULVWLDQQDPH"
+HKDGQRRWKHUKHZDVDIRXQGOLQJ
7KHQWKLV\RXQJPDQHVFDSHGZLWK\RX"
+HGLG
,QZKDWZD\"
:HZHUHZRUNLQJDW6W0DQGULHUQHDU7RXORQ'R\RXNQRZ
6W0DQGULHU"
,GR
,QWKHKRXURIUHVWEHWZHHQQRRQDQGRQHR
FORFN
*DOOH\VODYHVKDYLQJDQDSDIWHUGLQQHU:HPD\ZHOOSLW\
WKHSRRUIHOORZVVDLGWKHDEEH
1D\VDLG&DGHURXVVHRQHFDQ
WDOZD\VZRUNRQHLVQRW
DGRJ
6RPXFKWKHEHWWHUIRUWKHGRJVVDLG0RQWH&ULVWR
:KLOHWKHUHVWVOHSWWKHQZHZHQWDZD\DVKRUWGLVWDQFH
ZHVHYHUHGRXUIHWWHUVZLWKDILOHWKH(QJOLVKPDQKDGJLYHQ
XVDQGVZDPDZD\
$QGZKDWLVEHFRPHRIWKLV%HQHGHWWR"
,GRQ
WNQRZ
<RXRXJKWWRNQRZ

1063

1RLQWUXWKZHSDUWHGDW+\HUHV$QGWRJLYHPRUH
ZHLJKWWRKLVSURWHVWDWLRQ&DGHURXVVHDGYDQFHGDQRWKHUVWHS
WRZDUGVWKHDEEHZKRUHPDLQHGPRWLRQOHVVLQKLVSODFHDV
FDOPDVHYHUDQGSXUVXLQJKLVLQWHUURJDWLRQ<RXOLH
VDLGWKH$EEH%XVRQLZLWKDWRQHRILUUHVLVWLEOHDXWKRULW\
5HYHUHQGVLU
<RXOLH7KLVPDQLVVWLOO\RXUIULHQGDQG\RXSHUKDSV
PDNHXVHRIKLPDV\RXUDFFRPSOLFH
2KUHYHUHQGVLU
6LQFH\RXOHIW7RXORQZKDWKDYH\RXOLYHGRQ"$QVZHUPH
2QZKDW,FRXOGJHW
<RXOLHUHSHDWHGWKHDEEHDWKLUGWLPHZLWKDVWLOOPRUH
LPSHUDWLYHWRQH&DGHURXVVHWHUULILHGORRNHGDWWKHFRXQW
<RXKDYHOLYHGRQWKHPRQH\KHKDVJLYHQ\RX
7UXHVDLG&DGHURXVVH%HQHGHWWRKDVEHFRPHWKHVRQRID
JUHDWORUG
+RZFDQKHEHWKHVRQRIDJUHDWORUG"
$QDWXUDOVRQ
$QGZKDWLVWKDWJUHDWORUG
VQDPH"
7KH&RXQWRI0RQWH&ULVWRWKHYHU\VDPHLQZKRVHKRXVHZH
DUH
%HQHGHWWRWKHFRXQW
VVRQ"UHSOLHG0RQWH&ULVWR
DVWRQLVKHGLQKLVWXUQ
:HOO,VKRXOGWKLQNVRVLQFHWKHFRXQWKDVIRXQGKLPD
IDOVHIDWKHUVLQFHWKHFRXQWJLYHVKLPIRXUWKRXVDQG
IUDQFVDPRQWKDQGOHDYHVKLPIUDQFVLQKLVZLOO
$K\HVVDLGWKHIDFWLWLRXVDEEHZKREHJDQWR
XQGHUVWDQGDQGZKDWQDPHGRHVWKH\RXQJPDQEHDU
PHDQZKLOH"

1064

$QGUHD&DYDOFDQWL
,VLWWKHQWKDW\RXQJPDQZKRPP\IULHQGWKH&RXQWRI
0RQWH&ULVWRKDVUHFHLYHGLQWRKLVKRXVHDQGZKRLVJRLQJ
WRPDUU\0DGHPRLVHOOH'DQJODUV"
([DFWO\
$QG\RXVXIIHUWKDW\RXZUHWFK\RXZKRNQRZKLVOLIH
DQGKLVFULPH"
:K\VKRXOG,VWDQGLQDFRPUDGH
VZD\"VDLG&DGHURXVVH
<RXDUHULJKWLWLVQRW\RXZKRVKRXOGDSSULVH0
'DQJODUVLWLV,
'RQRWGRVRUHYHUHQGVLU
:K\QRW"
%HFDXVH\RXZRXOGEULQJXVWRUXLQ
$QG\RXWKLQNWKDWWRVDYHVXFKYLOODLQVDV\RX,ZLOO
EHFRPHDQDEHWWRURIWKHLUSORWDQDFFRPSOLFHLQWKHLU
FULPHV"
5HYHUHQGVLUVDLG&DGHURXVVHGUDZLQJVWLOOQHDUHU
,ZLOOH[SRVHDOO
7RZKRP"
7R0'DQJODUV
%\KHDYHQFULHG&DGHURXVVHGUDZLQJIURPKLVZDLVWFRDWDQ
RSHQNQLIHDQGVWULNLQJWKHFRXQWLQWKHEUHDVW\RXVKDOO
GLVFORVHQRWKLQJUHYHUHQGVLU7R&DGHURXVVH
VJUHDW
DVWRQLVKPHQWWKHNQLIHLQVWHDGRISLHUFLQJWKHFRXQW
V
EUHDVWIOHZEDFNEOXQWHG$WWKHVDPHPRPHQWWKHFRXQW
VHL]HGZLWKKLVOHIWKDQGWKHDVVDVVLQ
VZULVWDQGZUXQJLW
ZLWKVXFKVWUHQJWKWKDWWKHNQLIHIHOOIURPKLVVWLIIHQHG
ILQJHUVDQG&DGHURXVVHXWWHUHGDFU\RISDLQ%XWWKH
FRXQWGLVUHJDUGLQJKLVFU\FRQWLQXHGWRZULQJWKHEDQGLW
V

1065

ZULVWXQWLOKLVDUPEHLQJGLVORFDWHGKHIHOOILUVWRQKLV
NQHHVWKHQIODWRQWKHIORRU7KHFRXQWWKHQSODFHGKLV
IRRWRQKLVKHDGVD\LQJ,NQRZQRWZKDWUHVWUDLQVPHIURP
FUXVKLQJWK\VNXOOUDVFDO
$KPHUF\PHUF\FULHG&DGHURXVVH7KHFRXQWZLWKGUHZ
KLVIRRW5LVHVDLGKH&DGHURXVVHURVH
:KDWDZULVW\RXKDYHUHYHUHQGVLUVDLG&DGHURXVVH
VWURNLQJKLVDUPDOOEUXLVHGE\WKHIOHVK\SLQFHUVZKLFK
KDGKHOGLWZKDWDZULVW
6LOHQFH*RGJLYHVPHVWUHQJWKWRRYHUFRPHDZLOGEHDVW
OLNH\RXLQWKHQDPHRIWKDW*RG,DFWUHPHPEHUWKDW
ZUHWFKDQGWRVSDUHWKHHDWWKLVPRPHQWLVVWLOOVHUYLQJ
KLP
2KVDLG&DGHURXVVHJURDQLQJZLWKSDLQ
7DNHWKLVSHQDQGSDSHUDQGZULWHZKDW,GLFWDWH
,GRQ
WNQRZKRZWRZULWHUHYHUHQGVLU
<RXOLH7DNHWKLVSHQDQGZULWH&DGHURXVVHDZHGE\WKH
VXSHULRUSRZHURIWKHDEEHVDWGRZQDQGZURWH
6LU7KHPDQZKRP\RXDUHUHFHLYLQJDW\RXUKRXVHDQGWR
ZKRP\RXLQWHQGWRPDUU\\RXUGDXJKWHULVDIHORQZKR
HVFDSHGZLWKPHIURPFRQILQHPHQWDW7RXORQ+HZDV1R
DQG,1R+HZDVFDOOHG%HQHGHWWREXWKHLVLJQRUDQWRI
KLVUHDOQDPHKDYLQJQHYHUNQRZQKLVSDUHQWV
6LJQLWFRQWLQXHGWKHFRXQW
%XWZRXOG\RXUXLQPH"
,I,VRXJKW\RXUUXLQIRRO,VKRXOGGUDJ\RXWRWKHILUVW
JXDUGKRXVHEHVLGHVZKHQWKDWQRWHLVGHOLYHUHGLQDOO
SUREDELOLW\\RXZLOOKDYHQRPRUHWRIHDU6LJQLWWKHQ
&DGHURXVVHVLJQHGLW7KHDGGUHVVC7RPRQVLHXUWKH%DURQ
'DQJODUVEDQNHU5XHGHOD&KDXVVHHG
$QWLQ
&DGHURXVVH
ZURWHWKHDGGUHVV7KHDEEHWRRNWKHQRWH1RZVDLGKH
WKDWVXIILFHVEHJRQH

1066

:KLFKZD\"
7KHZD\\RXFDPH
<RXZLVKPHWRJHWRXWDWWKDWZLQGRZ"
<RXJRWLQYHU\ZHOO
2K\RXKDYHVRPHGHVLJQDJDLQVWPHUHYHUHQGVLU
,GLRWZKDWGHVLJQFDQ,KDYH"
:K\WKHQQRWOHWPHRXWE\WKHGRRU"
:KDWZRXOGEHWKHDGYDQWDJHRIZDNLQJWKHSRUWHU"
$KUHYHUHQGVLUWHOOPHGR\RXZLVKPHGHDG"
,ZLVKZKDW*RGZLOOV
%XWVZHDUWKDW\RXZLOOQRWVWULNHPHDV,JRGRZQ
&RZDUGO\IRRO
:KDWGR\RXLQWHQGGRLQJZLWKPH"
,DVN\RXZKDWFDQ,GR",KDYHWULHGWRPDNH\RXDKDSS\
PDQDQG\RXKDYHWXUQHGRXWDPXUGHUHU
2KPRQVLHXUVDLG&DGHURXVVHPDNHRQHPRUHDWWHPSW
WU\PHRQFHPRUH
,ZLOOVDLGWKHFRXQW/LVWHQ\RXNQRZLI,PD\EH
UHOLHGRQ
<HVVDLG&DGHURXVVH
,I\RXDUULYHVDIHO\DWKRPH
:KDWKDYH,WRIHDUH[FHSWIURP\RX"
,I\RXUHDFK\RXUKRPHVDIHO\OHDYH3DULVOHDYH)UDQFH
DQGZKHUHYHU\RXPD\EHVRORQJDV\RXFRQGXFW\RXUVHOI

1067

ZHOO,ZLOOVHQG\RXDVPDOODQQXLW\IRULI\RXUHWXUQ
KRPHVDIHO\WKHQ
7KHQ"DVNHG&DGHURXVVHVKXGGHULQJ
7KHQ,VKDOOEHOLHYH*RGKDVIRUJLYHQ\RXDQG,ZLOO
IRUJLYH\RXWRR
$VWUXHDV,DPD&KULVWLDQVWDPPHUHG&DGHURXVVH\RX
ZLOOPDNHPHGLHRIIULJKW
1RZEHJRQHVDLGWKHFRXQWSRLQWLQJWRWKHZLQGRZ
&DGHURXVVHVFDUFHO\\HWUHO\LQJRQWKLVSURPLVHSXWKLV
OHJVRXWRIWKHZLQGRZDQGVWRRGRQWKHODGGHU1RZJR
GRZQVDLGWKHDEEHIROGLQJKLVDUPV8QGHUVWDQGLQJKHKDG
QRWKLQJPRUHWRIHDUIURPKLP&DGHURXVVHEHJDQWRJRGRZQ
7KHQWKHFRXQWEURXJKWWKHWDSHUWRWKHZLQGRZWKDWLW
PLJKWEHVHHQLQWKH&KDPSV(O\VHHVWKDWDPDQZDVJHWWLQJ
RXWRIWKHZLQGRZZKLOHDQRWKHUKHOGDOLJKW
:KDWDUH\RXGRLQJUHYHUHQGVLU"6XSSRVHDZDWFKPDQVKRXOG
SDVV"$QGKHEOHZRXWWKHOLJKW+HWKHQGHVFHQGHGEXWLW
ZDVRQO\ZKHQKHIHOWKLVIRRWWRXFKWKHJURXQGWKDWKHZDV
VDWLVILHGRIKLVVDIHW\
0RQWH&ULVWRUHWXUQHGWRKLVEHGURRPDQGJODQFLQJUDSLGO\
IURPWKHJDUGHQWRWKHVWUHHWKHVDZILUVW&DGHURXVVHZKR
DIWHUZDONLQJWRWKHHQGRIWKHJDUGHQIL[HGKLVODGGHU
DJDLQVWWKHZDOODWDGLIIHUHQWSDUWIURPZKHUHKHFDPHLQ
7KHFRXQWWKHQORRNLQJRYHULQWRWKHVWUHHWVDZWKHPDQZKR
DSSHDUHGWREHZDLWLQJUXQLQWKHVDPHGLUHFWLRQDQGSODFH
KLPVHOIDJDLQVWWKHDQJOHRIWKHZDOOZKHUH&DGHURXVVHZRXOG
FRPHRYHU&DGHURXVVHFOLPEHGWKHODGGHUVORZO\DQGORRNHG
RYHUWKHFRSLQJWRVHHLIWKHVWUHHWZDVTXLHW1RRQHFRXOG
EHVHHQRUKHDUG7KHFORFNRIWKH,QYDOLGHVVWUXFNRQH
7KHQ&DGHURXVVHVDWDVWULGHWKHFRSLQJDQGGUDZLQJXSKLV
ODGGHUSDVVHGLWRYHUWKHZDOOWKHQKHEHJDQWRGHVFHQGRU
UDWKHUWRVOLGHGRZQE\WKHWZRVWDQFKLRQVZKLFKKHGLG
ZLWKDQHDVHZKLFKSURYHGKRZDFFXVWRPHGKHZDVWRWKH
H[HUFLVH%XWRQFHVWDUWHGKHFRXOGQRWVWRS,QYDLQGLG
KHVHHDPDQVWDUWIURPWKHVKDGRZZKHQKHZDVKDOIZD\GRZQ
LQYDLQGLGKHVHHDQDUPUDLVHGDVKHWRXFKHGWKH
JURXQG%HIRUHKHFRXOGGHIHQGKLPVHOIWKDWDUPVWUXFNKLP

1068

VRYLROHQWO\LQWKHEDFNWKDWKHOHWJRWKHODGGHUFU\LQJ
+HOS$VHFRQGEORZVWUXFNKLPDOPRVWLPPHGLDWHO\LQWKH
VLGHDQGKHIHOOFDOOLQJ+HOSPXUGHU7KHQDVKH
UROOHGRQWKHJURXQGKLVDGYHUVDU\VHL]HGKLPE\WKHKDLU
DQGVWUXFNKLPDWKLUGEORZLQWKHFKHVW7KLVWLPH
&DGHURXVVHHQGHDYRUHGWRFDOODJDLQEXWKHFRXOGRQO\XWWHU
DJURDQDQGKHVKXGGHUHGDVWKHEORRGIORZHGIURPKLVWKUHH
ZRXQGV7KHDVVDVVLQILQGLQJWKDWKHQRORQJHUFULHGRXW
OLIWHGKLVKHDGXSE\WKHKDLUKLVH\HVZHUHFORVHGDQG
WKHPRXWKZDVGLVWRUWHG7KHPXUGHUHUVXSSRVLQJKLPGHDG
OHWIDOOKLVKHDGDQGGLVDSSHDUHG7KHQ&DGHURXVVHIHHOLQJ
WKDWKHZDVOHDYLQJKLPUDLVHGKLPVHOIRQKLVHOERZDQG
ZLWKDG\LQJYRLFHFULHGZLWKJUHDWHIIRUW0XUGHU,DP
G\LQJ+HOSUHYHUHQGVLUKHOS
7KLVPRXUQIXODSSHDOSLHUFHGWKHGDUNQHVV7KHGRRURIWKH
EDFNVWDLUFDVHRSHQHGWKHQWKHVLGHJDWHRIWKHJDUGHQDQG
$OLDQGKLVPDVWHUZHUHRQWKHVSRWZLWKOLJKWV

&KDSWHU
7KH+DQGRI*RG
&DGHURXVVHFRQWLQXHGWRFDOOSLWHRXVO\+HOSUHYHUHQGVLU
KHOS
:KDWLVWKHPDWWHU"DVNHG0RQWH&ULVWR
+HOSFULHG&DGHURXVVH,DPPXUGHUHG
:HDUHKHUHWDNHFRXUDJH
$KLW
VDOORYHU<RXDUHFRPHWRRODWH\RXDUHFRPHWR
VHHPHGLH:KDWEORZVZKDWEORRG+HIDLQWHG$OLDQGKLV
PDVWHUFRQYH\HGWKHZRXQGHGPDQLQWRDURRP0RQWH&ULVWR
PRWLRQHGWR$OLWRXQGUHVVKLPDQGKHWKHQH[DPLQHGKLV
GUHDGIXOZRXQGV0\*RGKHH[FODLPHGWK\YHQJHDQFHLV
VRPHWLPHVGHOD\HGEXWRQO\WKDWLWPD\IDOOWKHPRUH
HIIHFWXDOO\$OLORRNHGDWKLVPDVWHUIRUIXUWKHU
LQVWUXFWLRQV%ULQJKHUHLPPHGLDWHO\WKHNLQJ
VDWWRUQH\
0GH9LOOHIRUWZKROLYHVLQWKH)DXERXUJ6W+RQRUH$V
\RXSDVVWKHORGJHZDNHWKHSRUWHUDQGVHQGKLPIRUD
VXUJHRQ$OLREH\HGOHDYLQJWKHDEEHDORQHZLWK

1069

&DGHURXVVHZKRKDGQRW\HWUHYLYHG
:KHQWKHZUHWFKHGPDQDJDLQRSHQHGKLVH\HVWKHFRXQW
ORRNHGDWKLPZLWKDPRXUQIXOH[SUHVVLRQRISLW\DQGKLV
OLSVPRYHGDVLILQSUD\HU$VXUJHRQUHYHUHQGVLUD
VXUJHRQVDLG&DGHURXVVH
,KDYHVHQWIRURQHUHSOLHGWKHDEEH
,NQRZKHFDQQRWVDYHP\OLIHEXWKHPD\VWUHQJWKHQPHWR
JLYHP\HYLGHQFH
$JDLQVWZKRP"
$JDLQVWP\PXUGHUHU
'LG\RXUHFRJQL]HKLP"
<HVLWZDV%HQHGHWWR
7KH\RXQJ&RUVLFDQ"
+LPVHOI
<RXUFRPUDGH"
<HV$IWHUJLYLQJPHWKHSODQRIWKLVKRXVHGRXEWOHVV
KRSLQJ,VKRXOGNLOOWKHFRXQWDQGKHWKXVEHFRPHKLVKHLU
RUWKDWWKHFRXQWZRXOGNLOOPHDQG,VKRXOGEHRXWRIKLV
ZD\KHZD\ODLGPHDQGKDVPXUGHUHGPH
,KDYHDOVRVHQWIRUWKHSURFXUHXU
+HZLOOQRWFRPHLQWLPH,IHHOP\OLIHIDVWHEELQJ
:DLWDPRPHQWVDLG0RQWH&ULVWR+HOHIWWKHURRPDQG
UHWXUQHGLQILYHPLQXWHVZLWKDSKLDO7KHG\LQJPDQ
VH\HV
ZHUHDOOWKHWLPHULYHWHGRQWKHGRRUWKURXJKZKLFKKH
KRSHGVXFFRUZRXOGDUULYH+DVWHQUHYHUHQGVLUKDVWHQ,
VKDOOIDLQWDJDLQ0RQWH&ULVWRDSSURDFKHGDQGGURSSHGRQ
KLVSXUSOHOLSVWKUHHRUIRXUGURSVRIWKHFRQWHQWVRIWKH
SKLDO&DGHURXVVHGUHZDGHHSEUHDWK2KVDLGKHWKDW
LVOLIHWRPHPRUHPRUH

1070

7ZRGURSVPRUHZRXOGNLOO\RXUHSOLHGWKHDEEH
2KVHQGIRUVRPHRQHWRZKRP,FDQGHQRXQFHWKHZUHWFK
6KDOO,ZULWH\RXUGHSRVLWLRQ"<RXFDQVLJQLW
<HV\HVVDLG&DGHURXVVHDQGKLVH\HVJOLVWHQHGDWWKH
WKRXJKWRIWKLVSRVWKXPRXVUHYHQJH0RQWH&ULVWRZURWH
,GLHPXUGHUHGE\WKH&RUVLFDQ%HQHGHWWRP\FRPUDGHLQ
WKHJDOOH\VDW7RXORXVH1R
4XLFNTXLFNVDLG&DGHURXVVHRU,VKDOOEHXQDEOHWR
VLJQLW
0RQWH&ULVWRJDYHWKHSHQWR&DGHURXVVHZKRFROOHFWHGDOO
KLVVWUHQJWKVLJQHGLWDQGIHOOEDFNRQKLVEHGVD\LQJ
<RXZLOOUHODWHDOOWKHUHVWUHYHUHQGVLU\RXZLOOVD\KH
FDOOVKLPVHOI$QGUHD&DYDOFDQWL+HORGJHVDWWKH+RWHOGHV
3ULQFHV2K,DPG\LQJ+HDJDLQIDLQWHG7KHDEEHPDGH
KLPVPHOOWKHFRQWHQWVRIWKHSKLDODQGKHDJDLQRSHQHGKLV
H\HV+LVGHVLUHIRUUHYHQJHKDGQRWIRUVDNHQKLP
$K\RXZLOOWHOODOO,KDYHVDLGZLOO\RXQRWUHYHUHQG
VLU"
<HVDQGPXFKPRUH
:KDWPRUHZLOO\RXVD\"
,ZLOOVD\KHKDGGRXEWOHVVJLYHQ\RXWKHSODQRIWKLV
KRXVHLQWKHKRSHWKHFRXQWZRXOGNLOO\RX,ZLOOVD\
OLNHZLVHKHKDGDSSULVHGWKHFRXQWE\DQRWHRI\RXU
LQWHQWLRQDQGWKHFRXQWEHLQJDEVHQW,UHDGWKHQRWHDQG
VDWXSWRDZDLW\RX
$QGKHZLOOEHJXLOORWLQHGZLOOEHQRW"VDLG&DGHURXVVH
3URPLVHPHWKDWDQG,ZLOOGLHZLWKWKDWKRSH
,ZLOOVD\FRQWLQXHGWKHFRXQWWKDWKHIROORZHGDQG
ZDWFKHG\RXWKHZKROHWLPHDQGZKHQKHVDZ\RXOHDYHWKH
KRXVHUDQWRWKHDQJOHRIWKHZDOOWRFRQFHDOKLPVHOI
'LG\RXVHHDOOWKDW"

1071

5HPHPEHUP\ZRUGVC,I\RXUHWXUQKRPHVDIHO\,VKDOO
EHOLHYH*RGKDVIRUJLYHQ\RXDQG,ZLOOIRUJLYH\RXDOVR

$QG\RXGLGQRWZDUQPHFULHG&DGHURXVVHUDLVLQJKLPVHOI
RQKLVHOERZV<RXNQHZ,VKRXOGEHNLOOHGRQOHDYLQJWKLV
KRXVHDQGGLGQRWZDUQPH
1RIRU,VDZ*RG
VMXVWLFHSODFHGLQWKHKDQGVRI
%HQHGHWWRDQGVKRXOGKDYHWKRXJKWLWVDFULOHJHWRRSSRVH
WKHGHVLJQVRISURYLGHQFH
*RG
VMXVWLFH6SHDNQRWRILWUHYHUHQGVLU,I*RGZHUH
MXVW\RXNQRZKRZPDQ\ZRXOGEHSXQLVKHGZKRQRZHVFDSH
3DWLHQFHVDLGWKHDEEHLQDWRQHZKLFKPDGHWKHG\LQJ
PDQVKXGGHUKDYHSDWLHQFH&DGHURXVVHORRNHGDWKLPZLWK
DPD]HPHQW%HVLGHVVDLGWKHDEEH*RGLVPHUFLIXOWR
DOODVKHKDVEHHQWR\RXKHLVILUVWDIDWKHUWKHQD
MXGJH
'R\RXWKHQEHOLHYHLQ*RG"VDLG&DGHURXVVH
+DG,EHHQVRXQKDSS\DVQRWWREHOLHYHLQKLPXQWLOQRZ
VDLG0RQWH&ULVWR,PXVWEHOLHYHRQVHHLQJ\RX
&DGHURXVVHUDLVHGKLVFOLQFKHGKDQGVWRZDUGVKHDYHQ
/LVWHQVDLGWKHDEEHH[WHQGLQJKLVKDQGRYHUWKHZRXQGHG
PDQDVLIWRFRPPDQGKLPWREHOLHYHWKLVLVZKDWWKH*RG
LQZKRPRQ\RXUGHDWKEHG\RXUHIXVHWREHOLHYHKDVGRQH
IRU\RXKHJDYH\RXKHDOWKVWUHQJWKUHJXODUHPSOR\PHQW
HYHQIULHQGVDOLIHLQIDFWZKLFKDPDQPLJKWHQMR\
ZLWKDFDOPFRQVFLHQFH,QVWHDGRILPSURYLQJWKHVHJLIWV
UDUHO\JUDQWHGVRDEXQGDQWO\WKLVKDVEHHQ\RXUFRXUVH
\RXKDYHJLYHQ\RXUVHOIXSWRVORWKDQGGUXQNHQQHVVDQGLQ
DILWRILQWR[LFDWLRQKDYHUXLQHG\RXUEHVWIULHQG
+HOSFULHG&DGHURXVVH,UHTXLUHDVXUJHRQQRWD
SULHVWSHUKDSV,DPQRWPRUWDOO\ZRXQGHG,PD\QRWGLH
SHUKDSVWKH\FDQ\HWVDYHP\OLIH
<RXUZRXQGVDUHVRIDUPRUWDOWKDWZLWKRXWWKHWKUHHGURSV
,JDYH\RX\RXZRXOGQRZEHGHDG/LVWHQWKHQ

1072

$KPXUPXUHG&DGHURXVVHZKDWDVWUDQJHSULHVW\RXDUH
\RXGULYHWKHG\LQJWRGHVSDLULQVWHDGRIFRQVROLQJWKHP
/LVWHQFRQWLQXHGWKHDEEH:KHQ\RXKDGEHWUD\HG\RXU
IULHQG*RGEHJDQQRWWRVWULNHEXWWRZDUQ\RX3RYHUW\
RYHUWRRN\RX<RXKDGDOUHDG\SDVVHGKDOI\RXUOLIHLQ
FRYHWLQJWKDWZKLFK\RXPLJKWKDYHKRQRUDEO\DFTXLUHGDQG
DOUHDG\\RXFRQWHPSODWHGFULPHXQGHUWKHH[FXVHRIZDQW
ZKHQ*RGZRUNHGDPLUDFOHLQ\RXUEHKDOIVHQGLQJ\RXE\P\
KDQGVDIRUWXQHEULOOLDQWLQGHHGIRU\RXZKRKDG
QHYHUSRVVHVVHGDQ\%XWWKLVXQH[SHFWHGXQKRSHGIRU
XQKHDUGRIIRUWXQHVXIILFHG\RXQRORQJHUZKHQ\RXRQFH
SRVVHVVHGLW\RXZLVKHGWRGRXEOHLWDQGKRZ"E\D
PXUGHU<RXVXFFHHGHGDQGWKHQ*RGVQDWFKHGLWIURP\RX
DQGEURXJKW\RXWRMXVWLFH
,WZDVQRW,ZKRZLVKHGWRNLOOWKH-HZVDLG&DGHURXVVH
LWZDV/D&DUFRQWH
<HVVDLG0RQWH&ULVWRDQG*RG,FDQQRWVD\LQ
MXVWLFHIRUKLVMXVWLFHZRXOGKDYHVODLQ\RXEXW*RG
LQKLVPHUF\VSDUHG\RXUOLIH
3DUGLHXWRWUDQVSRUWPHIRUOLIHKRZPHUFLIXO
<RXWKRXJKWLWDPHUF\WKHQPLVHUDEOHZUHWFK7KHFRZDUG
ZKRIHDUHGGHDWKUHMRLFHGDWSHUSHWXDOGLVJUDFHIRUOLNH
DOOJDOOH\VODYHV\RXVDLGC,PD\HVFDSHIURPSULVRQ,
FDQQRWIURPWKHJUDYH
$QG\RXVDLGWUXO\WKHZD\ZDV
RSHQHGIRU\RXXQH[SHFWHGO\$Q(QJOLVKPDQYLVLWHG7RXORQ
ZKRKDGYRZHGWRUHVFXHWZRPHQIURPLQIDP\DQGKLVFKRLFH
IHOORQ\RXDQG\RXUFRPSDQLRQ<RXUHFHLYHGDVHFRQG
IRUWXQHPRQH\DQGWUDQTXLOOLW\ZHUHUHVWRUHGWR\RXDQG
\RXZKRKDGEHHQFRQGHPQHGWRDIHORQ
VOLIHPLJKWOLYHDV
RWKHUPHQ7KHQZUHWFKHGFUHDWXUHWKHQ\RXWHPSWHG*RGD
WKLUGWLPHC,KDYHQRWHQRXJK
\RXVDLGZKHQ\RXKDGPRUH
WKDQ\RXEHIRUHSRVVHVVHGDQG\RXFRPPLWWHGDWKLUGFULPH
ZLWKRXWUHDVRQZLWKRXWH[FXVH*RGLVZHDULHGKHKDV
SXQLVKHG\RX&DGHURXVVHZDVIDVWVLQNLQJ*LYHPHGULQN
VDLGKH,WKLUVW,EXUQ0RQWH&ULVWRJDYHKLPDJODVV
RIZDWHU$QG\HWWKDWYLOODLQ%HQHGHWWRZLOOHVFDSH
1RRQH,WHOO\RXZLOOHVFDSH%HQHGHWWRZLOOEH
SXQLVKHG

1073

7KHQ\RXWRRZLOOEHSXQLVKHGIRU\RXGLGQRWGR\RXU
GXW\DVDSULHVW\RXVKRXOGKDYHSUHYHQWHG%HQHGHWWRIURP
NLOOLQJPH
,"VDLGWKHFRXQWZLWKDVPLOHZKLFKSHWULILHGWKHG\LQJ
PDQZKHQ\RXKDGMXVWEURNHQ\RXUNQLIHDJDLQVWWKHFRDW
RIPDLOZKLFKSURWHFWHGP\EUHDVW<HWSHUKDSVLI,KDG
IRXQG\RXKXPEOHDQGSHQLWHQW,PLJKWKDYHSUHYHQWHG
%HQHGHWWRIURPNLOOLQJ\RXEXW,IRXQG\RXSURXGDQG
EORRGWKLUVW\DQG,OHIW\RXLQWKHKDQGVRI*RG
,GRQRWEHOLHYHWKHUHLVD*RGKRZOHG&DGHURXVVH\RX
GRQRWEHOLHYHLW\RXOLH\RXOLH
6LOHQFHVDLGWKHDEEH\RXZLOOIRUFHWKHODVWGURSRI
EORRGIURP\RXUYHLQV:KDW\RXGRQRWEHOLHYHLQ*RGZKHQ
KHLVVWULNLQJ\RXGHDG"\RXZLOOQRWEHOLHYHLQKLPZKR
UHTXLUHVEXWDSUD\HUDZRUGDWHDUDQGKHZLOOIRUJLYH"
*RGZKRPLJKWKDYHGLUHFWHGWKHDVVDVVLQ
VGDJJHUVRDVWR
HQG\RXUFDUHHULQDPRPHQWKDVJLYHQ\RXWKLVTXDUWHURI
DQKRXUIRUUHSHQWDQFH5HIOHFWWKHQZUHWFKHGPDQDQG
UHSHQW
1RVDLG&DGHURXVVHQR,ZLOOQRWUHSHQW7KHUHLVQR
*RGWKHUHLVQRSURYLGHQFHDOOFRPHVE\FKDQFH
7KHUHLVDSURYLGHQFHWKHUHLVD*RGVDLG0RQWH&ULVWR
RIZKRP\RXDUHDVWULNLQJSURRIDV\RXOLHLQXWWHU
GHVSDLUGHQ\LQJKLPZKLOH,VWDQGEHIRUH\RXULFKKDSS\
VDIHDQGHQWUHDWLQJWKDW*RGLQZKRP\RXHQGHDYRUQRWWR
EHOLHYHZKLOHLQ\RXUKHDUW\RXVWLOOEHOLHYHLQKLP
%XWZKRDUH\RXWKHQ"DVNHG&DGHURXVVHIL[LQJKLVG\LQJ
H\HVRQWKHFRXQW/RRNZHOODWPHVDLG0RQWH&ULVWR
SXWWLQJWKHOLJKWQHDUKLVIDFH:HOOWKHDEEHWKH$EEH
%XVRQL0RQWH&ULVWRWRRNRIIWKHZLJZKLFKGLVILJXUHGKLP
DQGOHWIDOOKLVEODFNKDLUZKLFKDGGHGVRPXFKWRWKH
EHDXW\RIKLVSDOOLGIHDWXUHV2K"VDLG&DGHURXVVH
WKXQGHUVWUXFNEXWIRUWKDWEODFNKDLU,VKRXOGVD\\RX
ZHUHWKH(QJOLVKPDQ/RUG:LOPRUH
,DPQHLWKHUWKH$EEH%XVRQLQRU/RUG:LOPRUHVDLG0RQWH
&ULVWRWKLQNDJDLQGR\RXQRWUHFROOHFWPH"7KRVHZDV

1074

DPDJLFHIIHFWLQWKHFRXQW
VZRUGVZKLFKRQFHPRUHUHYLYHG
WKHH[KDXVWHGSRZHUVRIWKHPLVHUDEOHPDQ<HVLQGHHG
VDLGKH,WKLQN,KDYHVHHQ\RXDQGNQRZQ\RXIRUPHUO\
<HV&DGHURXVVH\RXKDYHVHHQPH\RXNQHZPHRQFH
:KRWKHQDUH\RX"DQGZK\LI\RXNQHZPHGR\RXOHWPH
GLH"
%HFDXVHQRWKLQJFDQVDYH\RX\RXUZRXQGVDUHPRUWDO+DG
LWEHHQSRVVLEOHWRVDYH\RX,VKRXOGKDYHFRQVLGHUHGLW
DQRWKHUSURRIRI*RG
VPHUF\DQG,ZRXOGDJDLQKDYH
HQGHDYRUHGWRUHVWRUH\RX,VZHDUE\P\IDWKHU
VWRPE
%\\RXUIDWKHU
VWRPEVDLG&DGHURXVVHVXSSRUWHGE\D
VXSHUQDWXUDOSRZHUDQGKDOIUDLVLQJKLPVHOIWRVHHPRUH
GLVWLQFWO\WKHPDQZKRKDGMXVWWDNHQWKHRDWKZKLFKDOOPHQ
KROGVDFUHGZKRWKHQDUH\RX"7KHFRXQWKDGZDWFKHGWKH
DSSURDFKRIGHDWK+HNQHZWKLVZDVWKHODVWVWUXJJOH+H
DSSURDFKHGWKHG\LQJPDQDQGOHDQLQJRYHUKLPZLWKDFDOP
DQGPHODQFKRO\ORRNKHZKLVSHUHG,DP,DP$QGKLV
DOPRVWFORVHGOLSVXWWHUHGDQDPHVRORZWKDWWKHFRXQW
KLPVHOIDSSHDUHGDIUDLGWRKHDULW&DGHURXVVHZKRKDG
UDLVHGKLPVHOIRQKLVNQHHVDQGVWUHWFKHGRXWKLVDUP
WULHGWRGUDZEDFNWKHQFODVSLQJKLVKDQGVDQGUDLVLQJ
WKHPZLWKDGHVSHUDWHHIIRUW2P\*RGP\*RGVDLGKH
SDUGRQPHIRUKDYLQJGHQLHGWKHHWKRXGRVWH[LVWWKRXDUW
LQGHHGPDQ
VIDWKHULQKHDYHQDQGKLVMXGJHRQHDUWK0\
*RGP\/RUG,KDYHORQJGHVSLVHGWKHH3DUGRQPHP\*RG
UHFHLYHPH2P\/RUG&DGHURXVVHVLJKHGGHHSO\DQGIHOO
EDFNZLWKDJURDQ7KHEORRGQRORQJHUIORZHGIURPKLV
ZRXQGV+HZDVGHDG
2QHVDLGWKHFRXQWP\VWHULRXVO\KLVH\HVIL[HGRQWKH
FRUSVHGLVILJXUHGE\VRDZIXODGHDWK7HQPLQXWHV
DIWHUZDUGVWKHVXUJHRQDQGWKHSURFXUHXUDUULYHGWKHRQH
DFFRPSDQLHGE\WKHSRUWHUWKHRWKHUE\$OLDQGZHUH
UHFHLYHGE\WKH$EEH%XVRQLZKRZDVSUD\LQJE\WKHVLGHRI
WKHFRUSVH

&KDSWHU
%HDXFKDPS

1075

7KHGDULQJDWWHPSWWRUREWKHFRXQWZDVWKHWRSLFRI
FRQYHUVDWLRQWKURXJKRXW3DULVIRUWKHQH[WIRUWQLJKW7KH
G\LQJPDQKDGVLJQHGDGHSRVLWLRQGHFODULQJ%HQHGHWWRWREH
WKHDVVDVVLQ7KHSROLFHKDGRUGHUVWRPDNHWKHVWULFWHVW
VHDUFKIRUWKHPXUGHUHU&DGHURXVVH
VNQLIHGDUNODQWHUQ
EXQFKRINH\VDQGFORWKLQJH[FHSWLQJWKHZDLVWFRDWZKLFK
FRXOGQRWEHIRXQGZHUHGHSRVLWHGDWWKHUHJLVWU\WKH
FRUSVHZDVFRQYH\HGWRWKHPRUJXH7KHFRXQWWROGHYHU\RQH
WKDWWKLVDGYHQWXUHKDGKDSSHQHGGXULQJKLVDEVHQFHDW
$XWHXLODQGWKDWKHRQO\NQHZZKDWZDVUHODWHGE\WKH$EEH
%XVRQLZKRWKDWHYHQLQJE\PHUHFKDQFHKDGUHTXHVWHGWR
SDVVWKHQLJKWLQKLVKRXVHWRH[DPLQHVRPHYDOXDEOHERRNV
LQKLVOLEUDU\%HUWXFFLRDORQHWXUQHGSDOHZKHQHYHU
%HQHGHWWR
VQDPHZDVPHQWLRQHGLQKLVSUHVHQFHEXWWKHUH
ZDVQRUHDVRQZK\DQ\RQHVKRXOGQRWLFHKLVGRLQJVR
9LOOHIRUWEHLQJFDOOHGRQWRSURYHWKHFULPHZDVSUHSDULQJ
KLVEULHIZLWKWKHVDPHDUGRUWKDWKHZDVDFFXVWRPHGWR
H[HUFLVHZKHQUHTXLUHGWRVSHDNLQFULPLQDOFDVHV
%XWWKUHHZHHNVKDGDOUHDG\SDVVHGDQGWKHPRVWGLOLJHQW
VHDUFKKDGEHHQXQVXFFHVVIXOWKHDWWHPSWHGUREEHU\DQGWKH
PXUGHURIWKHUREEHUE\KLVFRPUDGHZHUHDOPRVWIRUJRWWHQLQ
DQWLFLSDWLRQRIWKHDSSURDFKLQJPDUULDJHRI0DGHPRLVHOOH
'DQJODUVWRWKH&RXQW$QGUHD&DYDOFDQWL,WZDVH[SHFWHG
WKDWWKLVZHGGLQJZRXOGVKRUWO\WDNHSODFHDVWKH\RXQJPDQ
ZDVUHFHLYHGDWWKHEDQNHU
VDVWKHEHWURWKHG/HWWHUVKDG
EHHQGHVSDWFKHGWR0&DYDOFDQWLDVWKHFRXQW
VIDWKHUZKR
KLJKO\DSSURYHGRIWKHXQLRQUHJUHWWHGKLVLQDELOLW\WR
OHDYH3DUPDDWWKDWWLPHDQGSURPLVHGDZHGGLQJJLIWRID
KXQGUHGDQGILIW\WKRXVDQGOLYUHV,WZDVDJUHHGWKDWWKH
WKUHHPLOOLRQVVKRXOGEHLQWUXVWHGWR'DQJODUVWRLQYHVW
VRPHSHUVRQVKDGZDUQHGWKH\RXQJPDQRIWKHFLUFXPVWDQFHV
RIKLVIXWXUHIDWKHULQODZZKRKDGRIODWHVXVWDLQHG
UHSHDWHGORVVHVEXWZLWKVXEOLPHGLVLQWHUHVWHGQHVVDQG
FRQILGHQFHWKH\RXQJPDQUHIXVHGWROLVWHQRUWRH[SUHVVD
VLQJOHGRXEWWRWKHEDURQ7KHEDURQDGRUHG&RXQW$QGUHD
&DYDOFDQWLQRWVR0DGHPRLVHOOH(XJHQLH'DQJODUV:LWKDQ
LQVWLQFWLYHKDWUHGRIPDWULPRQ\VKHVXIIHUHG$QGUHD
V
DWWHQWLRQVLQRUGHUWRJHWULGRI0RUFHUIEXWZKHQ$QGUHD
XUJHGKLVVXLWVKHEHWUD\HGDQHQWLUHGLVOLNHWRKLP7KH
EDURQPLJKWSRVVLEO\KDYHSHUFHLYHGLWEXWDWWULEXWLQJLW
WRDFDSULFHIHLJQHGLJQRUDQFH

1076

7KHGHOD\GHPDQGHGE\%HDXFKDPSKDGQHDUO\H[SLUHG0RUFHUI
DSSUHFLDWHGWKHDGYLFHRI0RQWH&ULVWRWROHWWKLQJVGLH
DZD\RIWKHLURZQDFFRUG1RRQHKDGWDNHQXSWKHUHPDUN
DERXWWKHJHQHUDODQGQRRQHKDGUHFRJQL]HGLQWKHRIILFHU
ZKREHWUD\HGWKHFDVWOHRI<DQLQDWKHQREOHFRXQWLQWKH
+RXVHRI3HHUV$OEHUWKRZHYHUIHOWQROHVVLQVXOWHGWKH
IHZOLQHVZKLFKKDGLUULWDWHGKLPZHUHFHUWDLQO\LQWHQGHGDV
DQLQVXOW%HVLGHVWKHPDQQHULQZKLFK%HDXFKDPSKDGFORVHG
WKHFRQIHUHQFHOHIWDELWWHUUHFROOHFWLRQLQKLVKHDUW+H
FKHULVKHGWKHWKRXJKWRIWKHGXHOKRSLQJWRFRQFHDOLWV
WUXHFDXVHHYHQIURPKLVVHFRQGV%HDXFKDPSKDGQRWEHHQ
VHHQVLQFHWKHGD\KHYLVLWHG$OEHUWDQGWKRVHRIZKRPWKH
ODWWHULQTXLUHGDOZD\VWROGKLPKHZDVRXWRQDMRXUQH\
ZKLFKZRXOGGHWDLQKLPVRPHGD\V:KHUHKHZDVQRRQHNQHZ
2QHPRUQLQJ$OEHUWZDVDZDNHQHGE\KLVYDOHWGHFKDPEUHZKR
DQQRXQFHG%HDXFKDPS$OEHUWUXEEHGKLVH\HVRUGHUHGKLV
VHUYDQWWRLQWURGXFHKLPLQWRWKHVPDOOVPRNLQJURRPRQWKH
JURXQGIORRUGUHVVHGKLPVHOITXLFNO\DQGZHQWGRZQ+H
IRXQG%HDXFKDPSSDFLQJWKHURRPRQSHUFHLYLQJKLP%HDXFKDPS
VWRSSHG<RXUDUULYDOKHUHZLWKRXWZDLWLQJP\YLVLWDW
\RXUKRXVHWRGD\ORRNVZHOOVLUVDLG$OEHUW7HOOPH
PD\,VKDNHKDQGVZLWK\RXVD\LQJC%HDXFKDPSDFNQRZOHGJH
\RXKDYHLQMXUHGPHDQGUHWDLQP\IULHQGVKLS
RUPXVW,
VLPSO\SURSRVHWR\RXDFKRLFHRIDUPV"
$OEHUWVDLG%HDXFKDPSZLWKDORRNRIVRUURZZKLFK
VWXSHILHGWKH\RXQJPDQOHWXVILUVWVLWGRZQDQGWDON
5DWKHUVLUEHIRUHZHVLWGRZQ,PXVWGHPDQG\RXU
DQVZHU
$OEHUWVDLGWKHMRXUQDOLVWWKHVHDUHTXHVWLRQVZKLFKLW
LVGLIILFXOWWRDQVZHU
,ZLOOIDFLOLWDWHLWE\UHSHDWLQJWKHTXHVWLRQC:LOO\RX
RUZLOO\RXQRWUHWUDFW"

0RUFHUILWLVQRWHQRXJKWRDQVZHUC\HV
RUCQR
WR
TXHVWLRQVZKLFKFRQFHUQWKHKRQRUWKHVRFLDOLQWHUHVWDQG
WKHOLIHRIVXFKDPDQDV/LHXWHQDQWJHQHUDOWKH&RXQWRI
0RUFHUISHHURI)UDQFH
:KDWPXVWWKHQEHGRQH"

1077

:KDW,KDYHGRQH$OEHUW,UHDVRQHGWKXVPRQH\WLPH
DQGIDWLJXHDUHQRWKLQJFRPSDUHGZLWKWKHUHSXWDWLRQDQG
LQWHUHVWVRIDZKROHIDPLO\SUREDELOLWLHVZLOOQRWVXIILFH
RQO\IDFWVZLOOMXVWLI\DGHDGO\FRPEDWZLWKDIULHQG,I,
VWULNHZLWKWKHVZRUGRUGLVFKDUJHWKHFRQWHQWVRIDSLVWRO
DWPDQZLWKZKRPIRUWKUHH\HDUV,KDYHEHHQRQWHUPVRI
LQWLPDF\,PXVWDWOHDVWNQRZZK\,GRVR,PXVWPHHW
KLPZLWKDKHDUWDWHDVHDQGWKDWTXLHWFRQVFLHQFHZKLFKD
PDQQHHGVZKHQKLVRZQDUPPXVWVDYHKLVOLIH
:HOOVDLG0RUFHUILPSDWLHQWO\ZKDWGRHVDOOWKLV
PHDQ"
,WPHDQVWKDW,KDYHMXVWUHWXUQHGIURP<DQLQD
)URP<DQLQD"
<HV
,PSRVVLEOH
+HUHLVP\SDVVSRUWH[DPLQHWKHYLVD*HQHYD0LODQ
9HQLFH7ULHVWH'HOYLQR<DQLQD:LOO\RXEHOLHYHWKH
JRYHUQPHQWRIDUHSXEOLFDNLQJGRPDQGDQHPSLUH"$OEHUW
FDVWKLVH\HVRQWKHSDVVSRUWWKHQUDLVHGWKHPLQ
DVWRQLVKPHQWWR%HDXFKDPS<RXKDYHEHHQWR<DQLQD"VDLG
KH
$OEHUWKDG\RXEHHQDVWUDQJHUDIRUHLJQHUDVLPSOH
ORUGOLNHWKDW(QJOLVKPDQZKRFDPHWRGHPDQGVDWLVIDFWLRQ
WKUHHRUIRXUPRQWKVVLQFHDQGZKRP,NLOOHGWRJHWULGRI
,VKRXOGQRWKDYHWDNHQWKLVWURXEOHEXW,WKRXJKWWKLV
PDUNRIFRQVLGHUDWLRQGXHWR\RX,WRRNDZHHNWRJR
DQRWKHUWRUHWXUQIRXUGD\VRITXDUDQWLQHDQGIRUW\HLJKW
KRXUVWRVWD\WKHUHWKDWPDNHVWKUHHZHHNV,UHWXUQHGODVW
QLJKWDQGKHUH,DP
:KDWFLUFXPORFXWLRQ+RZORQJ\RXDUHEHIRUH\RXWHOOPH
ZKDW,PRVWZLVKWRNQRZ"
%HFDXVHLQWUXWK$OEHUW
<RXKHVLWDWH"

1078

<HV,IHDU
<RXIHDUWRDFNQRZOHGJHWKDW\RXUFRUUHVSRQGHQWKLV
GHFHLYHG\RX"2KQRVHOIORYH%HDXFKDPS$FNQRZOHGJHLW
%HDXFKDPS\RXUFRXUDJHFDQQRWEHGRXEWHG
1RWVRPXUPXUHGWKHMRXUQDOLVWRQWKHFRQWUDU\
$OEHUWWXUQHGIULJKWIXOO\SDOHKHHQGHDYRUHGWRVSHDNEXW
WKHZRUGVGLHGRQKLVOLSV0\IULHQGVDLG%HDXFKDPSLQ
WKHPRVWDIIHFWLRQDWHWRQH,VKRXOGJODGO\PDNHDQ
DSRORJ\EXWDODV
%XWZKDW"
7KHSDUDJUDSKZDVFRUUHFWP\IULHQG
:KDW"7KDW)UHQFKRIILFHU
<HV
)HUQDQG"
<HV
7KHWUDLWRUZKRVXUUHQGHUHGWKHFDVWOHRIWKHPDQLQZKRVH
VHUYLFHKHZDV
3DUGRQPHP\IULHQGWKDWPDQZDV\RXUIDWKHU$OEHUW
DGYDQFHGIXULRXVO\WRZDUGV%HDXFKDPSEXWWKHODWWHU
UHVWUDLQHGKLPPRUHE\DPLOGORRNWKDQE\KLVH[WHQGHG
KDQG
0\IULHQGVDLGKHKHUHLVDSURRIRILW
$OEHUWRSHQHGWKHSDSHULWZDVDQDWWHVWDWLRQRIIRXU
QRWDEOHLQKDELWDQWVRI<DQLQDSURYLQJWKDW&RORQHO)HUQDQG
0RQGHJRLQWKHVHUYLFHRI$OL7HSHOLQLKDGVXUUHQGHUHGWKH
FDVWOHIRUWZRPLOOLRQFURZQV7KHVLJQDWXUHVZHUHSHUIHFWO\
OHJDO$OEHUWWRWWHUHGDQGIHOORYHUSRZHUHGLQDFKDLU,W
FRXOGQRORQJHUEHGRXEWHGWKHIDPLO\QDPHZDVIXOO\JLYHQ
$IWHUDPRPHQW
VPRXUQIXOVLOHQFHKLVKHDUWRYHUIORZHGDQG
KHJDYHZD\WRDIORRGRIWHDUV%HDXFKDPSZKRKDGZDWFKHG

1079

ZLWKVLQFHUHSLW\WKH\RXQJPDQ
VSDUR[\VPRIJULHI
DSSURDFKHGKLP1RZ$OEHUWVDLGKH\RXXQGHUVWDQGPH
GR\RXQRW",ZLVKHGWRVHHDOODQGWRMXGJHRI
HYHU\WKLQJIRUP\VHOIKRSLQJWKHH[SODQDWLRQZRXOGEHLQ
\RXUIDWKHU
VIDYRUDQGWKDW,PLJKWGRKLPMXVWLFH%XW
RQWKHFRQWUDU\WKHSDUWLFXODUVZKLFKDUHJLYHQSURYHWKDW
)HUQDQG0RQGHJRUDLVHGE\$OL3DVKDWRWKHUDQNRI
JRYHUQRUJHQHUDOLVQRRWKHUWKDQ&RXQW)HUQDQGRI0RUFHUI
WKHQUHFROOHFWLQJWKHKRQRU\RXKDGGRQHPHLQDGPLWWLQJ
PHWR\RXUIULHQGVKLS,KDVWHQHGWR\RX
$OEHUWVWLOOH[WHQGHGRQWKHFKDLUFRYHUHGKLVIDFHZLWK
ERWKKDQGVDVLIWRSUHYHQWWKHOLJKWIURPUHDFKLQJKLP,
KDVWHQHGWR\RXFRQWLQXHG%HDXFKDPSWRWHOO\RX$OEHUW
WKDWLQWKLVFKDQJLQJDJHWKHIDXOWVRIDIDWKHUFDQQRW
UHYHUWXSRQKLVFKLOGUHQ)HZKDYHSDVVHGWKURXJKWKLV
UHYROXWLRQDU\SHULRGLQWKHPLGVWRIZKLFKZHZHUHERUQ
ZLWKRXWVRPHVWDLQRILQIDP\RUEORRGWRVRLOWKHXQLIRUPRI
WKHVROGLHURUWKHJRZQRIWKHPDJLVWUDWH1RZ,KDYHWKHVH
SURRIV$OEHUWDQG,DPLQ\RXUFRQILGHQFHQRKXPDQSRZHU
FDQIRUFHPHWRDGXHOZKLFK\RXURZQFRQVFLHQFHZRXOG
UHSURDFK\RXZLWKDVFULPLQDOEXW,FRPHWRRIIHU\RXZKDW
\RXFDQQRORQJHUGHPDQGRIPH'R\RXZLVKWKHVHSURRIV
WKHVHDWWHVWDWLRQVZKLFK,DORQHSRVVHVVWREHGHVWUR\HG"
'R\RXZLVKWKLVIULJKWIXOVHFUHWWRUHPDLQZLWKXV"
&RQILGHGWRPHLWVKDOOQHYHUHVFDSHP\OLSVVD\$OEHUW
P\IULHQGGR\RXZLVKLW"
$OEHUWWKUHZKLPVHOIRQ%HDXFKDPS
VQHFN$KQREOH
IHOORZFULHGKH
7DNHWKHVHVDLG%HDXFKDPSSUHVHQWLQJWKHSDSHUVWR
$OEHUW
$OEHUWVHL]HGWKHPZLWKDFRQYXOVLYHKDQGWRUHWKHPLQ
SLHFHVDQGWUHPEOLQJOHVWWKHOHDVWYHVWLJHVKRXOGHVFDSH
DQGRQHGD\DSSHDUWRFRQIURQWKLPKHDSSURDFKHGWKH
ZD[OLJKWDOZD\VNHSWEXUQLQJIRUFLJDUVDQGEXUQHGHYHU\
IUDJPHQW'HDUH[FHOOHQWIULHQGPXUPXUHG$OEHUWVWLOO
EXUQLQJWKHSDSHUV
/HWDOOEHIRUJRWWHQDVDVRUURZIXOGUHDPVDLG%HDXFKDPS
OHWLWYDQLVKDVWKHODVWVSDUNVIURPWKHEODFNHQHGSDSHU
DQGGLVDSSHDUDVWKHVPRNHIURPWKRVHVLOHQWDVKHV

1080

<HV\HVVDLG$OEHUWDQGPD\WKHUHUHPDLQRQO\WKH
HWHUQDOIULHQGVKLSZKLFK,SURPLVHGWRP\GHOLYHUHUZKLFK
VKDOOEHWUDQVPLWWHGWRRXUFKLOGUHQ
VFKLOGUHQDQGVKDOO
DOZD\VUHPLQGPHWKDW,RZHP\OLIHDQGWKHKRQRURIP\QDPH
WR\RXIRUKDGWKLVEHHQNQRZQRK%HDXFKDPS,VKRXOG
KDYHGHVWUR\HGP\VHOIRUQRP\SRRUPRWKHU,FRXOG
QRWKDYHNLOOHGKHUE\WKHVDPHEORZ,VKRXOGKDYHIOHG
IURPP\FRXQWU\
'HDU$OEHUWVDLG%HDXFKDPS%XWWKLVVXGGHQDQG
IDFWLWLRXVMR\VRRQIRUVRRNWKH\RXQJPDQDQGZDVVXFFHHGHG
E\DVWLOOJUHDWHUJULHI
:HOOVDLG%HDXFKDPSZKDWVWLOORSSUHVVHV\RXP\
IULHQG"
,DPEURNHQKHDUWHGVDLG$OEHUW/LVWHQ%HDXFKDPS,
FDQQRWWKXVLQDPRPHQWUHOLQTXLVKWKHUHVSHFWWKH
FRQILGHQFHDQGSULGHZLWKZKLFKDIDWKHU
VXQWDUQLVKHGQDPH
LQVSLUHVDVRQ2K%HDXFKDPS%HDXFKDPSKRZVKDOO,QRZ
DSSURDFKPLQH"6KDOO,GUDZEDFNP\IRUHKHDGIURPKLV
HPEUDFHRUZLWKKROGP\KDQGIURPKLV",DPWKHPRVW
ZUHWFKHGRIPHQ$KP\PRWKHUP\SRRUPRWKHUVDLG
$OEHUWJD]LQJWKURXJKKLVWHDUVDWKLVPRWKHU
VSRUWUDLW
LI\RXNQRZWKLVKRZPXFKPXVW\RXVXIIHU
&RPHVDLG%HDXFKDPSWDNLQJERWKKLVKDQGVWDNH
FRXUDJHP\IULHQG
%XWKRZFDPHWKDWILUVWQRWHWREHLQVHUWHGLQ\RXU
MRXUQDO"6RPHXQNQRZQHQHP\DQLQYLVLEOHIRHKDVGRQH
WKLV
7KHPRUHPXVW\RXIRUWLI\\RXUVHOI$OEHUW/HWQRWUDFHRI
HPRWLRQEHYLVLEOHRQ\RXUFRXQWHQDQFHEHDU\RXUJULHIDV
WKHFORXGEHDUVZLWKLQLWUXLQDQGGHDWKDIDWDOVHFUHW
NQRZQRQO\ZKHQWKHVWRUPEXUVWV*RP\IULHQGUHVHUYH
\RXUVWUHQJWKIRUWKHPRPHQWZKHQWKHFUDVKVKDOOFRPH
<RXWKLQNWKHQDOOLVQRWRYHU\HW"VDLG$OEHUW
KRUURUVWULFNHQ
,WKLQNQRWKLQJP\IULHQGEXWDOOWKLQJVDUHSRVVLEOH%\

1081

WKHZD\
:KDW"VDLG$OEHUWVHHLQJWKDW%HDXFKDPSKHVLWDWHG
$UH\RXJRLQJWRPDUU\0DGHPRLVHOOH'DQJODUV"
:K\GR\RXDVNPHQRZ"
%HFDXVHWKHUXSWXUHRUIXOILOPHQWRIWKLVHQJDJHPHQWLV
FRQQHFWHGZLWKWKHSHUVRQRIZKRPZHZHUHVSHDNLQJ
+RZ"VDLG$OEHUWZKRVHEURZUHGGHQHG\RXWKLQN0
'DQJODUV
,DVN\RXRQO\KRZ\RXUHQJDJHPHQWVWDQGV"3UD\SXWQR
FRQVWUXFWLRQRQP\ZRUGV,GRQRWPHDQWKH\VKRXOGFRQYH\
DQGJLYHWKHPQRXQGXHZHLJKW
1RVDLG$OEHUWWKHHQJDJHPHQWLVEURNHQRII
:HOOVDLG%HDXFKDPS7KHQVHHLQJWKH\RXQJPDQZDVDERXW
WRUHODSVHLQWRPHODQFKRO\/HWXVJRRXW$OEHUWVDLG
KHDULGHLQWKHZRRGLQWKHSKDHWRQRURQKRUVHEDFN
ZLOOUHIUHVK\RXZHZLOOWKHQUHWXUQWREUHDNIDVWDQG\RX
VKDOODWWHQGWR\RXUDIIDLUVDQG,WRPLQH
:LOOLQJO\VDLG$OEHUWEXWOHWXVZDON,WKLQNDOLWWOH
H[HUWLRQZRXOGGRPHJRRG7KHWZRIULHQGVZDONHGRXWRQ
WKHIRUWUHVV:KHQDUULYHGDWWKH0DGHOHLQH6LQFHZH
DUHRXWVDLG%HDXFKDPSOHWXVFDOORQ0GH0RQWH
&ULVWRKHLVDGPLUDEO\DGDSWHGWRUHYLYHRQH
VVSLULWV
EHFDXVHKHQHYHULQWHUURJDWHVDQGLQP\RSLQLRQWKRVHZKR
DVNQRTXHVWLRQVDUHWKHEHVWFRPIRUWHUV
*ODGO\VDLG$OEHUW,ORYHKLPOHWXVFDOO

&KDSWHU
7KH-RXUQH\
0RQWH&ULVWRXWWHUHGDMR\IXOH[FODPDWLRQRQVHHLQJWKH
\RXQJPHQWRJHWKHU$KKDVDLGKH,KRSHDOOLVRYHU
H[SODLQHGDQGVHWWOHG

1082

<HVVDLG%HDXFKDPSWKHDEVXUGUHSRUWVKDYHGLHGDZD\
DQGVKRXOGWKH\EHUHQHZHG,ZRXOGEHWKHILUVWWRRSSRVH
WKHPVROHWXVVSHDNQRPRUHRILW
$OEHUWZLOOWHOO\RXUHSOLHGWKHFRXQWWKDW,JDYHKLP
WKHVDPHDGYLFH/RRNDGGHGKH,DPILQLVKLQJWKHPRVW
H[HFUDEOHPRUQLQJ
VZRUN
:KDWLVLW"VDLG$OEHUWDUUDQJLQJ\RXUSDSHUV
DSSDUHQWO\
0\SDSHUVWKDQN*RGQRP\SDSHUVDUHDOOLQFDSLWDO
RUGHUEHFDXVH,KDYHQRQHEXW0&DYDOFDQWL
V
0&DYDOFDQWL
V"DVNHG%HDXFKDPS
<HVGR\RXQRWNQRZWKDWWKLVLVD\RXQJPDQZKRPWKH
FRXQWLVLQWURGXFLQJ"VDLG0RUFHUI
/HWXVQRWPLVXQGHUVWDQGHDFKRWKHUUHSOLHG0RQWH&ULVWR
,LQWURGXFHP\RQHDQGFHUWDLQO\QRW0&DYDOFDQWL
$QGZKRVDLG$OEHUWZLWKDIRUFHGVPLOHLVWRPDUU\
0DGHPRLVHOOH'DQJODUVLQVWHDGRIPHZKLFKJULHYHVPH
FUXHOO\
:KDW"&DYDOFDQWLLVJRLQJWRPDUU\0DGHPRLVHOOH'DQJODUV"
DVNHG%HDXFKDPS
&HUWDLQO\GR\RXFRPHIURPWKHHQGRIWKHZRUOG"VDLG
0RQWH&ULVWR\RXDMRXUQDOLVWWKHKXVEDQGRIUHQRZQ",W
LVWKHWDONRIDOO3DULV
$QG\RXFRXQWKDYHPDGHWKLVPDWFK"DVNHG%HDXFKDPS
,"6LOHQFHSXUYH\RURIJRVVLSGRQRWVSUHDGWKDWUHSRUW
,PDNHDPDWFK"1R\RXGRQRWNQRZPH,KDYHGRQHDOOLQ
P\SRZHUWRRSSRVHLW
$K,XQGHUVWDQGVDLG%HDXFKDPSRQRXUIULHQG$OEHUW
V
DFFRXQW
2QP\DFFRXQW"VDLGWKH\RXQJPDQRKQRLQGHHGWKH

1083

FRXQWZLOOGRPHWKHMXVWLFHWRDVVHUWWKDW,KDYHRQWKH
FRQWUDU\DOZD\VHQWUHDWHGKLPWREUHDNRIIP\HQJDJHPHQW
DQGKDSSLO\LWLVHQGHG7KHFRXQWSUHWHQGV,KDYHQRWKLP
WRWKDQNVREHLW,ZLOOHUHFWDQDOWDU'HRLJQRWR
/LVWHQVDLG0RQWH&ULVWR,KDYHKDGOLWWOHWRGRZLWK
LWIRU,DPDWYDULDQFHERWKZLWKWKHIDWKHULQODZDQGWKH
\RXQJPDQWKHUHLVRQO\0DGHPRLVHOOH(XJHQLHZKRDSSHDUV
EXWOLWWOHFKDUPHGZLWKWKHWKRXJKWVRIPDWULPRQ\DQGZKR
VHHLQJKRZOLWWOH,ZDVGLVSRVHGWRSHUVXDGHKHUWRUHQRXQFH
KHUGHDUOLEHUW\UHWDLQVDQ\DIIHFWLRQIRUPH
$QGGR\RXVD\WKLVZHGGLQJLVDWKDQG"
2K\HVLQVSLWHRIDOO,FRXOGVD\,GRQRWNQRZWKH
\RXQJPDQKHLVVDLGWREHRIJRRGIDPLO\DQGULFKEXW,
QHYHUWUXVWWRYDJXHDVVHUWLRQV,KDYHZDUQHG0'DQJODUV
RILWWLOO,DPWLUHGEXWKHLVIDVFLQDWHGZLWKKLV
/XFFDQHVH,KDYHHYHQLQIRUPHGKLPRIDFLUFXPVWDQFH,
FRQVLGHUYHU\VHULRXVWKH\RXQJPDQZDVHLWKHUFKDUPHGE\
KLVQXUVHVWROHQE\J\SVLHVRUORVWE\KLVWXWRU,
VFDUFHO\NQRZZKLFK%XW,GRNQRZKLVIDWKHUORVWVLJKWRI
KLPIRUPRUHWKDQWHQ\HDUVZKDWKHGLGGXULQJWKHVHWHQ
\HDUV*RGRQO\NQRZV:HOODOOWKDWZDVXVHOHVV7KH\KDYH
FRPPLVVLRQHGPHWRZULWHWRWKHPDMRUWRGHPDQGSDSHUVDQG
KHUHWKH\DUH,VHQGWKHPEXWOLNH3LODWHZDVKLQJP\
KDQGV
$QGZKDWGRHV0DGHPRLVHOOHG
$UPLOO\VD\WR\RXIRUUREELQJ
KHURIKHUSXSLO"
2KZHOO,GRQ
WNQRZEXW,XQGHUVWDQGWKDWVKHLVJRLQJ
WR,WDO\0DGDPH'DQJODUVDVNHGPHIRUOHWWHUVRI
UHFRPPHQGDWLRQIRUWKHLPSUHVDUL,JDYHKHUDIHZOLQHVIRU
WKHGLUHFWRURIWKH9DOOH7KHDWUHZKRLVXQGHUVRPH
REOLJDWLRQWRPH%XWZKDWLVWKHPDWWHU$OEHUW"\RXORRN
GXOODUH\RXDIWHUDOOXQFRQVFLRXVO\LQORYHZLWK
0DGHPRLVHOOH(XJHQLH"
,DPQRWDZDUHRILWVDLG$OEHUWVPLOLQJVRUURZIXOO\
%HDXFKDPSWXUQHGWRORRNDWVRPHSDLQWLQJV%XWFRQWLQXHG
0RQWH&ULVWR\RXDUHQRWLQ\RXUXVXDOVSLULWV"
,KDYHDGUHDGIXOKHDGDFKHVDLG$OEHUW

1084

:HOOP\GHDUYLVFRXQWVDLG0RQWH&ULVWR,KDYHDQ
LQIDOOLEOHUHPHG\WRSURSRVHWR\RX
:KDWLVWKDW"DVNHGWKH\RXQJPDQ
$FKDQJH
,QGHHG"VDLG$OEHUW
<HVDQGDV,DPMXVWQRZH[FHVVLYHO\DQQR\HG,VKDOOJR
IURPKRPH6KDOOZHJRWRJHWKHU"
<RXDQQR\HGFRXQW"VDLG%HDXFKDPSDQGE\ZKDW"
$K\RXWKLQNYHU\OLJKWO\RILW,VKRXOGOLNHWRVHH\RX
ZLWKDEULHISUHSDULQJLQ\RXUKRXVH
:KDWEULHI"
7KHRQH0GH9LOOHIRUWLVSUHSDULQJDJDLQVWP\DPLDEOH
DVVDVVLQVRPHEULJDQGHVFDSHGIURPWKHJDOORZV
DSSDUHQWO\
7UXHVDLG%HDXFKDPS,VDZLWLQWKHSDSHU:KRLVWKLV
&DGHURXVVH"
6RPHSURYLQFLDOLWDSSHDUV0GH9LOOHIRUWKHDUGRIKLP
DW0DUVHLOOHVDQG0'DQJODUVUHFROOHFWVKDYLQJVHHQKLP
&RQVHTXHQWO\WKHSURFXUHXULVYHU\DFWLYHLQWKHDIIDLU
DQGWKHSUHIHFWRISROLFHYHU\PXFKLQWHUHVWHGDQGWKDQNV
WRWKDWLQWHUHVWIRUZKLFK,DPYHU\JUDWHIXOWKH\VHQGPH
DOOWKHUREEHUVRI3DULVDQGWKHQHLJKERUKRRGXQGHU
SUHWHQFHRIWKHLUEHLQJ&DGHURXVVH
VPXUGHUHUVVRWKDWLQ
WKUHHPRQWKVLIWKLVFRQWLQXHHYHU\UREEHUDQGDVVDVVLQLQ
)UDQFHZLOOKDYHWKHSODQRIP\KRXVHDWKLVILQJHUV
HQG,
DPUHVROYHGWRGHVHUWWKHPDQGJRWRVRPHUHPRWHFRUQHURI
WKHHDUWKDQGVKDOOEHKDSS\LI\RXZLOODFFRPSDQ\PH
YLVFRXQW
:LOOLQJO\
7KHQLWLVVHWWOHG"

1085

<HVEXWZKHUH"
,KDYHWROG\RXZKHUHWKHDLULVSXUHZKHUHHYHU\VRXQG
VRRWKHVZKHUHRQHLVVXUHWREHKXPEOHGKRZHYHUSURXGPD\
EHKLVQDWXUH,ORYHWKDWKXPLOLDWLRQ,ZKRDPPDVWHURI
WKHXQLYHUVHDVZDV$XJXVWXV
%XWZKHUHDUH\RXUHDOO\JRLQJ"
7RVHDYLVFRXQW\RXNQRZ,DPDVDLORU,ZDVURFNHGZKHQ
DQLQIDQWLQWKHDUPVRIROGRFHDQDQGRQWKHERVRPRIWKH
EHDXWLIXO$PSKLWULWH,KDYHVSRUWHGZLWKWKHJUHHQPDQWOH
RIWKHRQHDQGWKHD]XUHUREHRIWKHRWKHU,ORYHWKHVHD
DVDPLVWUHVVDQGSLQHLI,GRQRWRIWHQVHHKHU
/HWXVJRFRXQW
7RVHD"
<HV
<RXDFFHSWP\SURSRVDO"
,GR
:HOO9LVFRXQWWKHUHZLOOEHLQP\FRXUW\DUGWKLVHYHQLQJ
DJRRGWUDYHOOLQJEULW]NDZLWKIRXUSRVWKRUVHVLQZKLFK
RQHPD\UHVWDVLQDEHG0%HDXFKDPSLWKROGVIRXUYHU\
ZHOOZLOO\RXDFFRPSDQ\XV"
7KDQN\RX,KDYHMXVWUHWXUQHGIURPVHD
:KDW"\RXKDYHEHHQWRVHD"
<HV,KDYHMXVWPDGHDOLWWOHH[FXUVLRQWRWKH%RUURPHDQ
,VODQGV
/DNH0DJJLRUH
:KDWRIWKDW"FRPHZLWKXVVDLG$OEHUW
1RGHDU0RUFHUI\RXNQRZ,RQO\UHIXVHZKHQWKHWKLQJLV
LPSRVVLEOH%HVLGHVLWLVLPSRUWDQWDGGHGKHLQDORZ
WRQHWKDW,VKRXOGUHPDLQLQ3DULVMXVWQRZWRZDWFKWKH

1086

SDSHU
$K\RXDUHDJRRGDQGDQH[FHOOHQWIULHQGVDLG$OEHUW
\HV\RXDUHULJKWZDWFKZDWFK%HDXFKDPSDQGWU\WR
GLVFRYHUWKHHQHP\ZKRPDGHWKLVGLVFORVXUH$OEHUWDQG
%HDXFKDPSSDUWHGWKHODVWSUHVVXUHRIWKHLUKDQGV
H[SUHVVLQJZKDWWKHLUWRQJXHVFRXOGQRWEHIRUHDVWUDQJHU
%HDXFKDPSLVDZRUWK\IHOORZVDLG0RQWH&ULVWRZKHQWKH
MRXUQDOLVWZDVJRQHLVKHQRW$OEHUW"
<HVDQGDVLQFHUHIULHQG,ORYHKLPGHYRWHGO\%XWQRZZH
DUHDORQHDOWKRXJKLWLVLPPDWHULDOWRPHZKHUHDUH
ZHJRLQJ"
,QWR1RUPDQG\LI\RXOLNH
'HOLJKWIXOVKDOOZHEHTXLWHUHWLUHG"KDYHQRVRFLHW\QR
QHLJKERUV"
2XUFRPSDQLRQVZLOOEHULGLQJKRUVHVGRJVWRKXQWZLWK
DQGDILVKLQJERDW
([DFWO\ZKDW,ZLVKIRU,ZLOODSSULVHP\PRWKHURIP\
LQWHQWLRQDQGUHWXUQWR\RX
%XWVKDOO\RXEHDOORZHGWRJRLQWR1RUPDQG\"
,PD\JRZKHUH,SOHDVH
<HV,DPDZDUH\RXPD\JRDORQHVLQFH,RQFHPHW\RXLQ
,WDO\EXWWRDFFRPSDQ\WKHP\VWHULRXV0RQWH&ULVWR"
<RXIRUJHWFRXQWWKDW,KDYHRIWHQWROG\RXRIWKHGHHS
LQWHUHVWP\PRWKHUWDNHVLQ\RX
C:RPDQLVILFNOH
VDLG)UDQFLV,CZRPDQLVOLNHDZDYH
RIWKHVHD
VDLG6KDNHVSHDUHERWKWKHJUHDWNLQJDQGWKH
JUHDWSRHWRXJKWWRKDYHNQRZQZRPDQ
VQDWXUHZHOO
:RPDQ
V\HVP\PRWKHULVQRWZRPDQEXWDZRPDQ
$V,DPRQO\DKXPEOHIRUHLJQHU\RXPXVWSDUGRQPHLI,GR
QRWXQGHUVWDQGDOOWKHVXEWOHUHILQHPHQWVRI\RXUODQJXDJH

1087

:KDW,PHDQWRVD\LVWKDWP\PRWKHULVQRWTXLFNWRJLYH
KHUFRQILGHQFHEXWZKHQVKHGRHVVKHQHYHUFKDQJHV
$K\HVLQGHHGVDLG0RQWH&ULVWRZLWKDVLJKDQGGR
\RXWKLQNVKHLVLQWKHOHDVWLQWHUHVWHGLQPH"
,UHSHDWLW\RXPXVWUHDOO\EHDYHU\VWUDQJHDQGVXSHULRU
PDQIRUP\PRWKHULVVRDEVRUEHGE\WKHLQWHUHVW\RXKDYH
H[FLWHGWKDWZKHQ,DPZLWKKHUVKHVSHDNVRIQRRQHHOVH
$QGGRHVVKHWU\WRPDNH\RXGLVOLNHPH"
2QWKHFRQWUDU\VKHRIWHQVD\VC0RUFHUI,EHOLHYHWKH
FRXQWKDVDQREOHQDWXUHWU\WRJDLQKLVHVWHHP

,QGHHG"VDLG0RQWH&ULVWRVLJKLQJ
<RXVHHWKHQVDLG$OEHUWWKDWLQVWHDGRIRSSRVLQJVKH
ZLOOHQFRXUDJHPH
$GLHXWKHQXQWLOILYHR
FORFNEHSXQFWXDODQGZHVKDOO
DUULYHDWWZHOYHRURQH
$W7UHSRUW"
<HVRULQWKHQHLJKERUKRRG
%XWFDQZHWUDYHOIRUW\HLJKWOHDJXHVLQHLJKWKRXUV"
(DVLO\VDLG0RQWH&ULVWR
<RXDUHFHUWDLQO\DSURGLJ\\RXZLOOVRRQQRWRQO\VXUSDVV
WKHUDLOZD\ZKLFKZRXOGQRWEHYHU\GLIILFXOWLQ)UDQFH
EXWHYHQWKHWHOHJUDSK
%XWYLVFRXQWVLQFHZHFDQQRWSHUIRUPWKHMRXUQH\LQOHVV
WKDQVHYHQRUHLJKWKRXUVGRQRWNHHSPHZDLWLQJ
'RQRWIHDU,KDYHOLWWOHWRSUHSDUH0RQWH&ULVWRVPLOHG
DVKHQRGGHGWR$OEHUWWKHQUHPDLQHGDPRPHQWDEVRUEHGLQ
GHHSPHGLWDWLRQ%XWSDVVLQJKLVKDQGDFURVVKLVIRUHKHDGDV
LIWRGLVSHOKLVUHYHU\KHUDQJWKHEHOOWZLFHDQG
%HUWXFFLRHQWHUHG%HUWXFFLRVDLGKH,LQWHQGJRLQJ

1088

WKLVHYHQLQJWR1RUPDQG\LQVWHDGRIWRPRUURZRUWKHQH[W
GD\<RXZLOOKDYHVXIILFLHQWWLPHEHIRUHILYHR
FORFN
GHVSDWFKDPHVVHQJHUWRDSSULVHWKHJURRPVDWWKHILUVW
VWDWLRQ0GH0RUFHUIZLOODFFRPSDQ\PH%HUWXFFLRREH\HG
DQGGHVSDWFKHGDFRXULHUWR3RQWRLVHWRVD\WKH
WUDYHOOLQJFDUULDJHZRXOGDUULYHDWVL[R
FORFN)URP
3RQWRLVHDQRWKHUH[SUHVVZDVVHQWWRWKHQH[WVWDJHDQGLQ
VL[KRXUVDOOWKHKRUVHVVWDWLRQHGRQWKHURDGZHUHUHDG\
%HIRUHKLVGHSDUWXUHWKHFRXQWZHQWWR+DLGHH
VDSDUWPHQWV
WROGKHUKLVLQWHQWLRQDQGUHVLJQHGHYHU\WKLQJWRKHUFDUH
$OEHUWZDVSXQFWXDO7KHMRXUQH\VRRQEHFDPHLQWHUHVWLQJ
IURPLWVUDSLGLW\RIZKLFK0RUFHUIKDGIRUPHGQRSUHYLRXV
LGHD7UXO\VDLG0RQWH&ULVWRZLWK\RXUSRVWKRUVHV
JRLQJDWWKHUDWHRIWZROHDJXHVDQKRXUDQGWKDWDEVXUG
ODZWKDWRQHWUDYHOOHUVKDOOQRWSDVVDQRWKHUZLWKRXW
SHUPLVVLRQVRWKDWDQLQYDOLGRULOOWHPSHUHGWUDYHOOHUPD\
GHWDLQWKRVHZKRDUHZHOODQGDFWLYHLWLVLPSRVVLEOHWR
PRYH,HVFDSHWKLVDQQR\DQFHE\WUDYHOOLQJZLWKP\RZQ
SRVWLOLRQDQGKRUVHVGR,QRW$OL"
7KHFRXQWSXWKLVKHDGRXWRIWKHZLQGRZDQGZKLVWOHGDQG
WKHKRUVHVDSSHDUHGWRIO\7KHFDUULDJHUROOHGZLWKD
WKXQGHULQJQRLVHRYHUWKHSDYHPHQWDQGHYHU\RQHWXUQHGWR
QRWLFHWKHGD]]OLQJPHWHRU$OLVPLOLQJUHSHDWHGWKH
VRXQGJUDVSHGWKHUHLQVZLWKDILUPKDQGDQGVSXUUHGKLV
KRUVHVZKRVHEHDXWLIXOPDQHVIORDWHGLQWKHEUHH]H7KLV
FKLOGRIWKHGHVHUWZDVLQKLVHOHPHQWDQGZLWKKLVEODFN
IDFHDQGVSDUNOLQJH\HVDSSHDUHGLQWKHFORXGRIGXVWKH
UDLVHGOLNHWKHJHQLXVRIWKHVLPRRPDQGWKHJRGRIWKH
KXUULFDQH,QHYHUNQHZWLOOQRZWKHGHOLJKWRIVSHHG
VDLG0RUFHUIDQGWKHODVWFORXGGLVDSSHDUHGIURPKLVEURZ
EXWZKHUHWKHGHYLOGR\RXJHWVXFKKRUVHV"$UHWKH\PDGH
WRRUGHU"
3UHFLVHO\VDLGWKHFRXQWVL[\HDUVVLQFH,ERXJKWD
KRUVHLQ+XQJDU\UHPDUNDEOHIRULWVVZLIWQHVV7KH
WKLUW\WZRWKDWZHVKDOOXVHWRQLJKWDUHLWVSURJHQ\WKH\
DUHDOOHQWLUHO\EODFNZLWKWKHH[FHSWLRQRIDVWDUXSRQ
WKHIRUHKHDG
7KDWLVSHUIHFWO\DGPLUDEOHEXWZKDWGR\RXGRFRXQW
ZLWKDOOWKHVHKRUVHV"
<RXVHH,WUDYHOZLWKWKHP

1089

%XW\RXDUHQRWDOZD\VWUDYHOOLQJ
:KHQ,QRORQJHUUHTXLUHWKHP%HUWXFFLRZLOOVHOOWKHP
DQGKHH[SHFWVWRUHDOL]HWKLUW\RUIRUW\WKRXVDQGIUDQFVE\
WKHVDOH
%XWQRPRQDUFKLQ(XURSHZLOOEHZHDOWK\HQRXJKWRSXUFKDVH
WKHP
7KHQKHZLOOVHOOWKHPWRVRPH(DVWHUQYL]LHUZKRZLOO
HPSW\KLVFRIIHUVWRSXUFKDVHWKHPDQGUHILOOWKHPE\
DSSO\LQJWKHEDVWLQDGRWRKLVVXEMHFWV
&RXQWPD\,VXJJHVWRQHLGHDWR\RX"
&HUWDLQO\
,WLVWKDWQH[WWR\RX%HUWXFFLRPXVWEHWKHULFKHVW
JHQWOHPDQLQ(XURSH
<RXDUHPLVWDNHQYLVFRXQW,EHOLHYHKHKDVQRWDIUDQFLQ
KLVSRVVHVVLRQ
7KHQKHPXVWEHDZRQGHU0\GHDUFRXQWLI\RXWHOOPH
PDQ\PRUHPDUYHOORXVWKLQJV,ZDUQ\RX,VKDOOQRWEHOLHYH
WKHP
,FRXQWHQDQFHQRWKLQJWKDWLVPDUYHOORXV0$OEHUW7HOO
PHZK\GRHVDVWHZDUGUREKLVPDVWHU"
%HFDXVH,VXSSRVHLWLVKLVQDWXUHWRGRVRIRUWKHORYH
RIUREELQJ
<RXDUHPLVWDNHQLWLVEHFDXVHKHKDVDZLIHDQGIDPLO\
DQGDPELWLRXVGHVLUHVIRUKLPVHOIDQGWKHP$OVREHFDXVHKH
LVQRWVXUHRIDOZD\VUHWDLQLQJKLVVLWXDWLRQDQGZLVKHVWR
SURYLGHIRUWKHIXWXUH1RZ0%HUWXFFLRLVDORQHLQWKH
ZRUOGKHXVHVP\SURSHUW\ZLWKRXWDFFRXQWLQJIRUWKHXVHKH
PDNHVRILWKHLVVXUHQHYHUWROHDYHP\VHUYLFH
:K\"
%HFDXVH,VKRXOGQHYHUJHWDEHWWHU

1090

3UREDELOLWLHVDUHGHFHSWLYH
%XW,GHDOLQFHUWDLQWLHVKHLVWKHEHVWVHUYDQWRYHUZKRP
RQHKDVWKHSRZHURIOLIHDQGGHDWK
'R\RXSRVVHVVWKDWULJKWRYHU%HUWXFFLR"
<HV
7KHUHDUHZRUGVZKLFKFORVHDFRQYHUVDWLRQZLWKDQLURQ
GRRUVXFKZDVWKHFRXQW
V\HV7KHZKROHMRXUQH\ZDV
SHUIRUPHGZLWKHTXDOUDSLGLW\WKHWKLUW\WZRKRUVHV
GLVSHUVHGRYHUVHYHQVWDJHVEURXJKWWKHPWRWKHLU
GHVWLQDWLRQLQHLJKWKRXUV$WPLGQLJKWWKH\DUULYHGDWWKH
JDWHRIDEHDXWLIXOSDUN7KHSRUWHUZDVLQDWWHQGDQFHKH
KDGEHHQDSSULVHGE\WKHJURRPRIWKHODVWVWDJHRIWKH
FRXQW
VDSSURDFK$WKDOISDVWWZRLQWKHPRUQLQJ0RUFHUI
ZDVFRQGXFWHGWRKLVDSDUWPHQWVZKHUHDEDWKDQGVXSSHU
ZHUHSUHSDUHG7KHVHUYDQWZKRKDGWUDYHOOHGDWWKHEDFNRI
WKHFDUULDJHZDLWHGRQKLP%DSWLVWLQZKRURGHLQIURQW
DWWHQGHGWKHFRXQW$OEHUWEDWKHGWRRNKLVVXSSHUDQGZHQW
WREHG$OOQLJKWKHZDVOXOOHGE\WKHPHODQFKRO\QRLVHRI
WKHVXUI2QULVLQJKHZHQWWRKLVZLQGRZZKLFKRSHQHGRQ
DWHUUDFHKDYLQJWKHVHDLQIURQWDQGDWWKHEDFNDSUHWW\
SDUNERXQGHGE\DVPDOOIRUHVW,QDFUHHNOD\DOLWWOH
VORRSZLWKDQDUURZNHHODQGKLJKPDVWVEHDULQJRQLWV
IODJWKH0RQWH&ULVWRDUPVZKLFKZHUHDPRXQWDLQRQDVHD
D]XUHZLWKDFURVVJXOHVRQWKHVKLHOG$URXQGWKHVFKRRQHU
OD\DQXPEHURIVPDOOILVKLQJERDWVEHORQJLQJWRWKH
ILVKHUPHQRIWKHQHLJKERULQJYLOODJHOLNHKXPEOHVXEMHFWV
DZDLWLQJRUGHUVIURPWKHLUTXHHQ7KHUHDVLQHYHU\VSRW
ZKHUH0RQWH&ULVWRVWRSSHGLIEXWIRUWZRGD\VOX[XU\
DERXQGHGDQGOLIHZHQWRQZLWKWKHXWPRVWHDVH
$OEHUWIRXQGLQKLVDQWHURRPWZRJXQVZLWKDOOWKH
DFFRXWUHPHQWVIRUKXQWLQJDORIW\URRPRQWKHJURXQGIORRU
FRQWDLQLQJDOOWKHLQJHQLRXVLQVWUXPHQWVWKH(QJOLVK
HPLQHQWLQSLVFDWRU\SXUVXLWVVLQFHWKH\DUHSDWLHQWDQG
VOXJJLVKKDYHLQYHQWHGIRUILVKLQJ7KHGD\SDVVHGLQ
SXUVXLQJWKRVHH[HUFLVHVLQZKLFK0RQWH&ULVWRH[FHOOHG
7KH\NLOOHGDGR]HQSKHDVDQWVLQWKHSDUNDVPDQ\WURXWLQ
WKHVWUHDPGLQHGLQDVXPPHUKRXVHRYHUORRNLQJWKHRFHDQ
DQGWRRNWHDLQWKHOLEUDU\

1091

7RZDUGVWKHHYHQLQJRIWKHWKLUGGD\$OEHUWFRPSOHWHO\
H[KDXVWHGZLWKWKHH[HUFLVHZKLFKLQYLJRUDWHG0RQWH&ULVWR
ZDVVOHHSLQJLQDQDUPFKDLUQHDUWKHZLQGRZZKLOHWKH
FRXQWZDVGHVLJQLQJZLWKKLVDUFKLWHFWWKHSODQRID
FRQVHUYDWRU\LQKLVKRXVHZKHQWKHVRXQGRIDKRUVHDWIXOO
VSHHGRQWKHKLJKURDGPDGH$OEHUWORRNXS+HZDV
GLVDJUHHDEO\VXUSULVHGWRVHHKLVRZQYDOHWGHFKDPEUHZKRP
KHKDGQRWEURXJKWWKDWKHPLJKWQRWLQFRQYHQLHQFH0RQWH
&ULVWR
)ORUHQWLQKHUHFULHGKHVWDUWLQJXSLVP\PRWKHULOO"
$QGKHKDVWHQHGWRWKHGRRU0RQWH&ULVWRZDWFKHGDQGVDZ
KLPDSSURDFKWKHYDOHWZKRGUHZDVPDOOVHDOHGSDUFHOIURP
KLVSRFNHWFRQWDLQLQJDQHZVSDSHUDQGDOHWWHU)URPZKRP
LVWKLV"VDLGKHHDJHUO\)URP0%HDXFKDPSUHSOLHG
)ORUHQWLQ
'LGKHVHQG\RX"
<HVVLUKHVHQWIRUPHWRKLVKRXVHJDYHPHPRQH\IRUP\
MRXUQH\SURFXUHGDKRUVHDQGPDGHPHSURPLVHQRWWRVWRS
WLOO,KDGUHDFKHG\RX,KDYHFRPHLQILIWHHQKRXUV
$OEHUWRSHQHGWKHOHWWHUZLWKIHDUXWWHUHGDVKULHNRQ
UHDGLQJWKHILUVWOLQHDQGVHL]HGWKHSDSHU+LVVLJKWZDV
GLPPHGKLVOHJVVDQNXQGHUKLPDQGKHZRXOGKDYHIDOOHQ
KDGQRW)ORUHQWLQVXSSRUWHGKLP
3RRU\RXQJPDQVDLG0RQWH&ULVWRLQDORZYRLFHLWLV
WKHQWUXHWKDWWKHVLQRIWKHIDWKHUVKDOOIDOORQWKH
FKLOGUHQWRWKHWKLUGDQGIRXUWKJHQHUDWLRQ0HDQZKLOH
$OEHUWKDGUHYLYHGDQGFRQWLQXLQJWRUHDGKHWKUHZEDFN
KLVKHDGVD\LQJ)ORUHQWLQLV\RXUKRUVHILWWRUHWXUQ
LPPHGLDWHO\"
,WLVDSRRUODPHSRVWKRUVH
,QZKDWVWDWHZDVWKHKRXVHZKHQ\RXOHIW"
$OOZDVTXLHWEXWRQUHWXUQLQJIURP0%HDXFKDPS
V,
IRXQGPDGDPHLQWHDUVVKHKDGVHQWIRUPHWRNQRZZKHQ\RX
ZRXOGUHWXUQ,WROGKHUP\RUGHUVIURP0%HDXFKDPSVKH
ILUVWH[WHQGHGKHUDUPVWRSUHYHQWPHEXWDIWHUDPRPHQW
V

1092

UHIOHFWLRQC<HVJR)ORUHQWLQ
VDLGVKHCDQGPD\KHFRPH
TXLFNO\

<HVP\PRWKHUVDLG$OEHUW,ZLOOUHWXUQDQGZRHWR
WKHLQIDPRXVZUHWFK%XWILUVWRIDOO,PXVWJHWWKHUH
+HZHQWEDFNWRWKHURRPZKHUHKHKDGOHIW0RQWH&ULVWR
)LYHPLQXWHVKDGVXIILFHGWRPDNHDFRPSOHWHWUDQVIRUPDWLRQ
LQKLVDSSHDUDQFH+LVYRLFHKDGEHFRPHURXJKDQGKRDUVH
KLVIDFHZDVIXUURZHGZLWKZULQNOHVKLVH\HVEXUQHGXQGHU
WKHEOXHYHLQHGOLGVDQGKHWRWWHUHGOLNHDGUXQNHQPDQ
&RXQWVDLGKH,WKDQN\RXIRU\RXUKRVSLWDOLW\ZKLFK,
ZRXOGJODGO\KDYHHQMR\HGORQJHUEXW,PXVWUHWXUQWR
3DULV
:KDWKDVKDSSHQHG"
$JUHDWPLVIRUWXQHPRUHLPSRUWDQWWRPHWKDQOLIH'RQ
W
TXHVWLRQPH,EHJRI\RXEXWOHQGPHDKRUVH
0\VWDEOHVDUHDW\RXUFRPPDQGYLVFRXQWEXW\RXZLOONLOO
\RXUVHOIE\ULGLQJRQKRUVHEDFN7DNHDSRVWFKDLVHRUD
FDUULDJH
1RLWZRXOGGHOD\PHDQG,QHHGWKHIDWLJXH\RXZDUQPH
RILWZLOOGRPHJRRG$OEHUWUHHOHGDVLIKHKDGEHHQ
VKRWDQGIHOORQDFKDLUQHDUWKHGRRU0RQWH&ULVWRGLG
QRWVHHWKLVVHFRQGPDQLIHVWDWLRQRISK\VLFDOH[KDXVWLRQKH
ZDVDWWKHZLQGRZFDOOLQJ$OLDKRUVHIRU0GH0RUFHUI
TXLFNKHLVLQDKXUU\7KHVHZRUGVUHVWRUHG$OEHUWKH
GDUWHGIURPWKHURRPIROORZHGE\WKHFRXQW7KDQN\RX
FULHGKHWKURZLQJKLPVHOIRQKLVKRUVH5HWXUQDVVRRQDV
\RXFDQ)ORUHQWLQ0XVW,XVHDQ\SDVVZRUGWRSURFXUHD
KRUVH"
2QO\GLVPRXQWDQRWKHUZLOOEHLPPHGLDWHO\VDGGOHG$OEHUW
KHVLWDWHGDPRPHQW<RXPD\WKLQNP\GHSDUWXUHVWUDQJHDQG
IRROLVKVDLGWKH\RXQJPDQ\RXGRQRWNQRZKRZD
SDUDJUDSKLQDQHZVSDSHUPD\H[DVSHUDWHRQH5HDGWKDW
VDLGKHZKHQ,DPJRQHWKDW\RXPD\QRWEHZLWQHVVRIP\
DQJHU
:KLOHWKHFRXQWSLFNHGXSWKHSDSHUKHSXWVSXUVWRKLV
KRUVHZKLFKOHDSHGLQDVWRQLVKPHQWDWVXFKDQXQXVXDO

1093

VWLPXOXVDQGVKRWDZD\ZLWKWKHUDSLGLW\RIDQDUURZ7KH
FRXQWZDWFKHGKLPZLWKDIHHOLQJRIFRPSDVVLRQDQGZKHQKH
KDGFRPSOHWHO\GLVDSSHDUHGUHDGDVIROORZV
7KH)UHQFKRIILFHULQWKHVHUYLFHRI$OL3DVKDRI<DQLQD
DOOXGHGWRWKUHHZHHNVVLQFHLQWKH,PSDUWLDOZKRQRWRQO\
VXUUHQGHUHGWKHFDVWOHRI<DQLQDEXWVROGKLVEHQHIDFWRUWR
WKH7XUNVVW\OHGKLPVHOIWUXO\DWWKDWWLPH)HUQDQGDVRXU
HVWHHPHGFRQWHPSRUDU\VWDWHVEXWKHKDVVLQFHDGGHGWRKLV
&KULVWLDQQDPHDWLWOHRIQRELOLW\DQGDIDPLO\QDPH+HQRZ
FDOOVKLPVHOIWKH&RXQWRI0RUFHUIDQGUDQNVDPRQJWKH
SHHUV
7KXVWKHWHUULEOHVHFUHWZKLFK%HDXFKDPSKDGVRJHQHURXVO\
GHVWUR\HGDSSHDUHGDJDLQOLNHDQDUPHGSKDQWRPDQGDQRWKHU
SDSHUGHULYLQJLWVLQIRUPDWLRQIURPVRPHPDOLFLRXVVRXUFH
KDGSXEOLVKHGWZRGD\VDIWHU$OEHUW
VGHSDUWXUHIRU1RUPDQG\
WKHIHZOLQHVZKLFKKDGUHQGHUHGWKHXQIRUWXQDWH\RXQJPDQ
DOPRVWFUD]\

&KDSWHU
7KH7ULDO
$WHLJKWR
FORFNLQWKHPRUQLQJ$OEHUWKDGDUULYHGDW
%HDXFKDPS
VGRRU7KHYDOHWGHFKDPEUHKDGUHFHLYHGRUGHUV
WRXVKHUKLPLQDWRQFH%HDXFKDPSZDVLQKLVEDWK+HUH,
DPVDLG$OEHUW
:HOOP\SRRUIULHQGUHSOLHG%HDXFKDPS,H[SHFWHG\RX
,QHHGQRWVD\,WKLQN\RXDUHWRRIDLWKIXODQGWRRNLQGWR
KDYHVSRNHQRIWKDWSDLQIXOFLUFXPVWDQFH<RXUKDYLQJVHQW
IRUPHLVDQRWKHUSURRIRI\RXUDIIHFWLRQ6RZLWKRXW
ORVLQJWLPHWHOOPHKDYH\RXWKHVOLJKWHVWLGHDZKHQFH
WKLVWHUULEOHEORZSURFHHGV"
,WKLQN,KDYHVRPHFOHZ
%XWILUVWWHOOPHDOOWKHSDUWLFXODUVRIWKLVVKDPHIXO
SORW%HDXFKDPSSURFHHGHGWRUHODWHWRWKH\RXQJPDQZKR
ZDVRYHUZKHOPHGZLWKVKDPHDQGJULHIWKHIROORZLQJIDFWV
7ZRGD\VSUHYLRXVO\WKHDUWLFOHKDGDSSHDUHGLQDQRWKHU

1094

SDSHUEHVLGHVWKH,PSDUWLDODQGZKDWZDVPRUHVHULRXVRQH
WKDWZDVZHOONQRZQDVDJRYHUQPHQWSDSHU%HDXFKDPSZDV
EUHDNIDVWLQJZKHQKHUHDGWKHSDUDJUDSK+HVHQWLPPHGLDWHO\
IRUDFDEULROHWDQGKDVWHQHGWRWKHSXEOLVKHU
VRIILFH
$OWKRXJKSURIHVVLQJGLDPHWULFDOO\RSSRVLWHSULQFLSOHVIURP
WKRVHRIWKHHGLWRURIWKHRWKHUSDSHU%HDXFKDPSDVLW
VRPHWLPHVZHPD\VD\RIWHQKDSSHQVZDVKLVLQWLPDWH
IULHQG7KHHGLWRUZDVUHDGLQJZLWKDSSDUHQWGHOLJKWD
OHDGLQJDUWLFOHLQWKHVDPHSDSHURQEHHWVXJDUSUREDEO\D
FRPSRVLWLRQRIKLVRZQ
$KSDUGLHXVDLG%HDXFKDPSZLWKWKHSDSHULQ\RXUKDQG
P\IULHQG,QHHGQRWWHOO\RXWKHFDXVHRIP\YLVLW
$UH\RXLQWHUHVWHGLQWKHVXJDUTXHVWLRQ"DVNHGWKHHGLWRU
RIWKHPLQLVWHULDOSDSHU
1RUHSOLHG%HDXFKDPS,KDYHQRWFRQVLGHUHGWKH
TXHVWLRQDWRWDOO\GLIIHUHQWVXEMHFWLQWHUHVWVPH
:KDWLVLW"
7KHDUWLFOHUHODWLYHWR0RUFHUI
,QGHHG",VLWQRWDFXULRXVDIIDLU"
6RFXULRXVWKDW,WKLQN\RXDUHUXQQLQJDJUHDWULVNRID
SURVHFXWLRQIRUGHIDPDWLRQRIFKDUDFWHU
1RWDWDOOZHKDYHUHFHLYHGZLWKWKHLQIRUPDWLRQDOOWKH
UHTXLVLWHSURRIVDQGZHDUHTXLWHVXUH0GH0RUFHUIZLOO
QRWUDLVHKLVYRLFHDJDLQVWXVEHVLGHVLWLVUHQGHULQJD
VHUYLFHWRRQH
VFRXQWU\WRGHQRXQFHWKHVHZUHWFKHG
FULPLQDOVZKRDUHXQZRUWK\RIWKHKRQRUEHVWRZHGRQWKHP
%HDXFKDPSZDVWKXQGHUVWUXFN:KRWKHQKDVVRFRUUHFWO\
LQIRUPHG\RX"DVNHGKHIRUP\SDSHUZKLFKJDYHWKHILUVW
LQIRUPDWLRQRQWKHVXEMHFWKDVEHHQREOLJHGWRVWRSIRU
ZDQWRISURRIDQG\HWZHDUHPRUHLQWHUHVWHGWKDQ\RXLQ
H[SRVLQJ0GH0RUFHUIDVKHLVDSHHURI)UDQFHDQGZH
DUHRIWKHRSSRVLWLRQ
2KWKDWLVYHU\VLPSOHZHKDYHQRWVRXJKWWRVFDQGDOL]H
7KLVQHZVZDVEURXJKWWRXV$PDQDUULYHG\HVWHUGD\IURP
<DQLQDEULQJLQJDIRUPLGDEOHDUUD\RIGRFXPHQWVDQGZKHQ

1095

ZHKHVLWDWHGWRSXEOLVKWKHDFFXVDWRU\DUWLFOHKHWROGXV
LWVKRXOGEHLQVHUWHGLQVRPHRWKHUSDSHU
%HDXFKDPSXQGHUVWRRGWKDWQRWKLQJUHPDLQHGEXWWRVXEPLW
DQGOHIWWKHRIILFHWRGHVSDWFKDFRXULHUWR0RUFHUI%XWKH
KDGEHHQXQDEOHWRVHQGWR$OEHUWWKHIROORZLQJSDUWLFXODUV
DVWKHHYHQWVKDGWUDQVSLUHGDIWHUWKHPHVVHQJHU
V
GHSDUWXUHQDPHO\WKDWWKHVDPHGD\DJUHDWDJLWDWLRQZDV
PDQLIHVWLQWKH+RXVHRI3HHUVDPRQJWKHXVXDOO\FDOP
PHPEHUVRIWKDWGLJQLILHGDVVHPEO\(YHU\RQHKDGDUULYHG
DOPRVWEHIRUHWKHXVXDOKRXUDQGZDVFRQYHUVLQJRQWKH
PHODQFKRO\HYHQWZKLFKZDVWRDWWUDFWWKHDWWHQWLRQRIWKH
SXEOLFWRZDUGVRQHRIWKHLUPRVWLOOXVWULRXVFROOHDJXHV
6RPHZHUHSHUXVLQJWKHDUWLFOHRWKHUVPDNLQJFRPPHQWVDQG
UHFDOOLQJFLUFXPVWDQFHVZKLFKVXEVWDQWLDWHGWKHFKDUJHV
VWLOOPRUH7KH&RXQWRI0RUFHUIZDVQRIDYRULWHZLWKKLV
FROOHDJXHV/LNHDOOXSVWDUWVKHKDGKDGUHFRXUVHWRD
JUHDWGHDORIKDXJKWLQHVVWRPDLQWDLQKLVSRVLWLRQ7KHWUXH
QRELOLW\ODXJKHGDWKLPWKHWDOHQWHGUHSHOOHGKLPDQGWKH
KRQRUDEOHLQVWLQFWLYHO\GHVSLVHGKLP+HZDVLQIDFWLQ
WKHXQKDSS\SRVLWLRQRIWKHYLFWLPPDUNHGIRUVDFULILFHWKH
ILQJHURI*RGRQFHSRLQWHGDWKLPHYHU\RQHZDVSUHSDUHGWR
UDLVHWKHKXHDQGFU\
7KH&RXQWRI0RUFHUIDORQHZDVLJQRUDQWRIWKHQHZV+HGLG
QRWWDNHLQWKHSDSHUFRQWDLQLQJWKHGHIDPDWRU\DUWLFOHDQG
KDGSDVVHGWKHPRUQLQJLQZULWLQJOHWWHUVDQGLQWU\LQJD
KRUVH+HDUULYHGDWKLVXVXDOKRXUZLWKDSURXGORRNDQG
LQVROHQWGHPHDQRUKHDOLJKWHGSDVVHGWKURXJKWKH
FRUULGRUVDQGHQWHUHGWKHKRXVHZLWKRXWREVHUYLQJWKH
KHVLWDWLRQRIWKHGRRUNHHSHUVRUWKHFRROQHVVRIKLV
FROOHDJXHV%XVLQHVVKDGDOUHDG\EHHQJRLQJRQIRUKDOIDQ
KRXUZKHQKHHQWHUHG(YHU\RQHKHOGWKHDFFXVLQJSDSHU
EXWDVXVXDOQRRQHOLNHGWRWDNHXSRQKLPVHOIWKH
UHVSRQVLELOLW\RIWKHDWWDFN$WOHQJWKDQKRQRUDEOHSHHU
0RUFHUI
VDFNQRZOHGJHGHQHP\DVFHQGHGWKHWULEXQHZLWKWKDW
VROHPQLW\ZKLFKDQQRXQFHGWKDWWKHH[SHFWHGPRPHQWKDG
DUULYHG7KHUHZDVDQLPSUHVVLYHVLOHQFH0RUFHUIDORQHNQHZ
QRWZK\VXFKSURIRXQGDWWHQWLRQZDVJLYHQWRDQRUDWRUZKR
ZDVQRWDOZD\VOLVWHQHGWRZLWKVRPXFKFRPSODFHQF\7KH
FRXQWGLGQRWQRWLFHWKHLQWURGXFWLRQLQZKLFKWKHVSHDNHU
DQQRXQFHGWKDWKLVFRPPXQLFDWLRQZRXOGEHRIWKDWYLWDO
LPSRUWDQFHWKDWLWGHPDQGHGWKHXQGLYLGHGDWWHQWLRQRIWKH
+RXVHEXWDWWKHPHQWLRQRI<DQLQDDQG&RORQHO)HUQDQGKH

1096

WXUQHGVRIULJKWIXOO\SDOHWKDWHYHU\PHPEHUVKXGGHUHGDQG
IL[HGKLVH\HVXSRQKLP0RUDOZRXQGVKDYHWKLVSHFXOLDULW\
WKH\PD\EHKLGGHQEXWWKH\QHYHUFORVHDOZD\VSDLQIXO
DOZD\VUHDG\WREOHHGZKHQWRXFKHGWKH\UHPDLQIUHVKDQG
RSHQLQWKHKHDUW
7KHDUWLFOHKDYLQJEHHQUHDGGXULQJWKHSDLQIXOKXVKWKDW
IROORZHGDXQLYHUVDOVKXGGHUSHUYDGHGWKHDVVHPEO\DQG
LPPHGLDWHO\WKHFORVHVWDWWHQWLRQZDVJLYHQWRWKHRUDWRUDV
KHUHVXPHGKLVUHPDUNV+HVWDWHGKLVVFUXSOHVDQGWKH
GLIILFXOWLHVRIWKHFDVHLWZDVWKHKRQRURI0GH0RUFHUI
DQGWKDWRIWKHZKROH+RXVHKHSURSRVHGWRGHIHQGE\
SURYRNLQJDGHEDWHRQSHUVRQDOTXHVWLRQVZKLFKDUHDOZD\V
VXFKSDLQIXOWKHPHVRIGLVFXVVLRQ+HFRQFOXGHGE\FDOOLQJ
IRUDQLQYHVWLJDWLRQZKLFKPLJKWGLVSRVHRIWKHFDOXPQLRXV
UHSRUWEHIRUHLWKDGWLPHWRVSUHDGDQGUHVWRUH0GH
0RUFHUIWRWKHSRVLWLRQKHKDGORQJKHOGLQSXEOLFRSLQLRQ
0RUFHUIZDVVRFRPSOHWHO\RYHUZKHOPHGE\WKLVJUHDWDQG
XQH[SHFWHGFDODPLW\WKDWKHFRXOGVFDUFHO\VWDPPHUDIHZ
ZRUGVDVKHORRNHGDURXQGRQWKHDVVHPEO\7KLVWLPLGLW\
ZKLFKPLJKWSURFHHGIURPWKHDVWRQLVKPHQWRILQQRFHQFHDV
ZHOODVWKHVKDPHRIJXLOWFRQFLOLDWHGVRPHLQKLVIDYRU
IRUPHQZKRDUHWUXO\JHQHURXVDUHDOZD\VUHDG\WR
FRPSDVVLRQDWHZKHQWKHPLVIRUWXQHRIWKHLUHQHP\VXUSDVVHV
WKHOLPLWVRIWKHLUKDWUHG
7KHSUHVLGHQWSXWLWWRWKHYRWHDQGLWZDVGHFLGHGWKDW
WKHLQYHVWLJDWLRQVKRXOGWDNHSODFH7KHFRXQWZDVDVNHG
ZKDWWLPHKHUHTXLUHGWRSUHSDUHKLVGHIHQFH0RUFHUI
V
FRXUDJHKDGUHYLYHGZKHQKHIRXQGKLPVHOIDOLYHDIWHUWKLV
KRUULEOHEORZ0\ORUGVDQVZHUHGKHLWLVQRWE\WLPH,
FRXOGUHSHOWKHDWWDFNPDGHRQPHE\HQHPLHVXQNQRZQWRPH
DQGGRXEWOHVVKLGGHQLQREVFXULW\LWLVLPPHGLDWHO\DQG
E\DWKXQGHUEROWWKDW,PXVWUHSHOWKHIODVKRIOLJKWQLQJ
ZKLFKIRUDPRPHQWVWDUWOHGPH2KWKDW,FRXOGLQVWHDG
RIWDNLQJXSWKLVGHIHQFHVKHGP\ODVWGURSRIEORRGWR
SURYHWRP\QREOHFROOHDJXHVWKDW,DPWKHLUHTXDOLQ
ZRUWK7KHVHZRUGVPDGHDIDYRUDEOHLPSUHVVLRQRQEHKDOIRI
WKHDFFXVHG,GHPDQGWKHQWKDWWKHH[DPLQDWLRQVKDOO
WDNHSODFHDVVRRQDVSRVVLEOHDQG,ZLOOIXUQLVKWKHKRXVH
ZLWKDOOQHFHVVDU\LQIRUPDWLRQ
:KDWGD\GR\RXIL["DVNHGWKHSUHVLGHQW

1097

7RGD\,DPDW\RXUVHUYLFHUHSOLHGWKHFRXQW7KH
SUHVLGHQWUDQJWKHEHOO'RHVWKH+RXVHDSSURYHWKDWWKH
H[DPLQDWLRQVKRXOGWDNHSODFHWRGD\"
<HVZDVWKHXQDQLPRXVDQVZHU
$FRPPLWWHHRIWZHOYHPHPEHUVZDVFKRVHQWRH[DPLQHWKH
SURRIVEURXJKWIRUZDUGE\0RUFHUI7KHLQYHVWLJDWLRQZRXOG
EHJLQDWHLJKWR
FORFNWKDWHYHQLQJLQWKHFRPPLWWHHURRP
DQGLISRVWSRQHPHQWZHUHQHFHVVDU\WKHSURFHHGLQJVZRXOGEH
UHVXPHGHDFKHYHQLQJDWWKHVDPHKRXU0RUFHUIDVNHGOHDYH
WRUHWLUHKHKDGWRFROOHFWWKHGRFXPHQWVKHKDGORQJEHHQ
SUHSDULQJDJDLQVWWKLVVWRUPZKLFKKLVVDJDFLW\KDG
IRUHVHHQ
$OEHUWOLVWHQHGWUHPEOLQJQRZZLWKKRSHWKHQZLWKDQJHU
DQGWKHQDJDLQZLWKVKDPHIRUIURP%HDXFKDPS
VFRQILGHQFH
KHNQHZKLVIDWKHUZDVJXLOW\DQGKHDVNHGKLPVHOIKRZ
VLQFHKHZDVJXLOW\KHFRXOGSURYHKLVLQQRFHQFH%HDXFKDPS
KHVLWDWHGWRFRQWLQXHKLVQDUUDWLYH:KDWQH[W"DVNHG
$OEHUW
:KDWQH[W"0\IULHQG\RXLPSRVHDSDLQIXOWDVNRQPH0XVW
\RXNQRZDOO"
$EVROXWHO\DQGUDWKHUIURP\RXUOLSVWKDQDQRWKHU
V
0XVWHUXSDOO\RXUFRXUDJHWKHQIRUQHYHUKDYH\RX
UHTXLUHGLWPRUH$OEHUWSDVVHGKLVKDQGRYHUKLVIRUHKHDG
DVLIWRWU\KLVVWUHQJWKDVDPDQZKRLVSUHSDULQJWR
GHIHQGKLVOLIHSURYHVKLVVKLHOGDQGEHQGVKLVVZRUG+H
WKRXJKWKLPVHOIVWURQJHQRXJKIRUKHPLVWRRNIHYHUIRU
HQHUJ\*RRQVDLGKH
7KHHYHQLQJDUULYHGDOO3DULVZDVLQH[SHFWDWLRQ0DQ\
VDLG\RXUIDWKHUKDGRQO\WRVKRZKLPVHOIWRFUXVKWKH
FKDUJHDJDLQVWKLPPDQ\RWKHUVVDLGKHZRXOGQRWDSSHDU
ZKLOHVRPHDVVHUWHGWKDWWKH\KDGVHHQKLPVWDUWIRU
%UXVVHOVDQGRWKHUVZHQWWRWKHSROLFHRIILFHWRLQTXLUHLI
KHKDGWDNHQRXWDSDVVSRUW,XVHGDOOP\LQIOXHQFHZLWK
RQHRIWKHFRPPLWWHHD\RXQJSHHURIP\DFTXDLQWDQFHWR
JHWDGPLVVLRQWRRQHRIWKHJDOOHULHV+HFDOOHGIRUPHDW
VHYHQR
FORFNDQGEHIRUHDQ\RQHKDGDUULYHGDVNHGRQHRI
WKHGRRUNHHSHUVWRSODFHPHLQDER[,ZDVFRQFHDOHGE\D

1098

FROXPQDQGPLJKWZLWQHVVWKHZKROHRIWKHWHUULEOHVFHQH
ZKLFKZDVDERXWWRWDNHSODFH$WHLJKWR
FORFNDOOZHUHLQ
WKHLUSODFHVDQG0GH0RUFHUIHQWHUHGDWWKHODVWVWURNH
+HKHOGVRPHSDSHUVLQKLVKDQGKLVFRXQWHQDQFHZDVFDOP
DQGKLVVWHSILUPDQGKHZDVGUHVVHGZLWKJUHDWFDUHLQKLV
PLOLWDU\XQLIRUPZKLFKZDVEXWWRQHGFRPSOHWHO\XSWRWKH
FKLQ+LVSUHVHQFHSURGXFHGDJRRGHIIHFW7KHFRPPLWWHHZDV
PDGHXSRI/LEHUDOVVHYHUDORIZKRPFDPHIRUZDUGWRVKDNH
KDQGVZLWKKLP
$OEHUWIHOWKLVKHDUWEXUVWLQJDWWKHVHSDUWLFXODUVEXW
JUDWLWXGHPLQJOHGZLWKKLVVRUURZKHZRXOGJODGO\KDYH
HPEUDFHGWKRVHZKRKDGJLYHQKLVIDWKHUWKLVSURRIRIHVWHHP
DWDPRPHQWZKHQKLVKRQRUZDVVRSRZHUIXOO\DWWDFNHG$W
WKLVPRPHQWRQHRIWKHGRRUNHHSHUVEURXJKWLQDOHWWHUIRU
WKHSUHVLGHQWC<RXDUHDWOLEHUW\WRVSHDN0GH0RUFHUI

VDLGWKHSUHVLGHQWDVKHXQVHDOHGWKHOHWWHUDQGWKHFRXQW
EHJDQKLVGHIHQFH,DVVXUH\RX$OEHUWLQDPRVWHORTXHQW
DQGVNLOIXOPDQQHU+HSURGXFHGGRFXPHQWVSURYLQJWKDWWKH
9L]LHURI<DQLQDKDGXSWRWKHODVWPRPHQWKRQRUHGKLPZLWK
KLVHQWLUHFRQILGHQFHVLQFHKHKDGLQWHUHVWHGKLPZLWKD
QHJRWLDWLRQRIOLIHDQGGHDWKZLWKWKHHPSHURU+HSURGXFHG
WKHULQJKLVPDUNRIDXWKRULW\ZLWKZKLFK$OL3DVKD
JHQHUDOO\VHDOHGKLVOHWWHUVDQGZKLFKWKHODWWHUKDGJLYHQ
KLPWKDWKHPLJKWRQKLVUHWXUQDWDQ\KRXURIWKHGD\RU
QLJKWJDLQDFFHVVWRWKHSUHVHQFHHYHQLQWKHKDUHP
8QIRUWXQDWHO\WKHQHJRWLDWLRQIDLOHGDQGZKHQKHUHWXUQHG
WRGHIHQGKLVEHQHIDFWRUKHZDVGHDGC%XW
VDLGWKH
FRXQWCVRJUHDWZDV$OL3DVKD
VFRQILGHQFHWKDWRQKLV
GHDWKEHGKHUHVLJQHGKLVIDYRULWHPLVWUHVVDQGKHUGDXJKWHU
WRP\FDUH
$OEHUWVWDUWHGRQKHDULQJWKHVHZRUGVWKH
KLVWRU\RI+DLGHHUHFXUUHGWRKLPDQGKHUHPHPEHUHGZKDW
VKHKDGVDLGRIWKDWPHVVDJHDQGWKHULQJDQGWKHPDQQHULQ
ZKLFKVKHKDGEHHQVROGDQGPDGHDVODYH$QGZKDWHIIHFW
GLGWKLVGLVFRXUVHSURGXFH"DQ[LRXVO\LQTXLUHG$OEHUW,
DFNQRZOHGJHLWDIIHFWHGPHDQGLQGHHGDOOWKHFRPPLWWHH
DOVRVDLG%HDXFKDPS
0HDQZKLOHWKHSUHVLGHQWFDUHOHVVO\RSHQHGWKHOHWWHUZKLFK
KDGEHHQEURXJKWWRKLPEXWWKHILUVWOLQHVDURXVHGKLV
DWWHQWLRQKHUHDGWKHPDJDLQDQGDJDLQDQGIL[LQJKLVH\HV
RQ0GH0RUFHUIC&RXQW
VDLGKHC\RXKDYHVDLGWKDWWKH
9L]LHURI<DQLQDFRQILGHGKLVZLIHDQGGDXJKWHUWR\RXU
FDUH"
C<HVVLU
UHSOLHG0RUFHUICEXWLQWKDWOLNH

1099

DOOWKHUHVWPLVIRUWXQHSXUVXHGPH2QP\UHWXUQ9DVLOLNL
DQGKHUGDXJKWHU+DLGHHKDGGLVDSSHDUHG
C'LG\RXNQRZ
WKHP"
C0\LQWLPDF\ZLWKWKHSDVKDDQGKLVXQOLPLWHG
FRQILGHQFHKDGJDLQHGPHDQLQWURGXFWLRQWRWKHPDQG,KDG
VHHQWKHPDERYHWZHQW\WLPHV

C+DYH\RXDQ\LGHDZKDWEHFDPHRIWKHP"
C<HVVLU,
KHDUGWKH\KDGIDOOHQYLFWLPVWRWKHLUVRUURZDQGSHUKDSV
WRWKHLUSRYHUW\,ZDVQRWULFKP\OLIHZDVLQFRQVWDQW
GDQJHU,FRXOGQRWVHHNWKHPWRP\JUHDWUHJUHW
7KH
SUHVLGHQWIURZQHGLPSHUFHSWLEO\C*HQWOHPHQ
VDLGKHC\RX
KDYHKHDUGWKH&RPWHGH0RUFHUI
VGHIHQFH&DQ\RXVLU
SURGXFHDQ\ZLWQHVVHVWRWKHWUXWKRIZKDW\RXKDYH
DVVHUWHG"
C$ODVQRPRQVLHXU
UHSOLHGWKHFRXQWCDOO
WKRVHZKRVXUURXQGHGWKHYL]LHURUZKRNQHZPHDWKLV
FRXUWDUHHLWKHUGHDGRUJRQHDZD\,NQRZQRWZKHUH,
EHOLHYHWKDW,DORQHRIDOOP\FRXQWU\PHQVXUYLYHGWKDW
GUHDGIXOZDU,KDYHRQO\WKHOHWWHUVRI$OL7HSHOLQLZKLFK
,KDYHSODFHGEHIRUH\RXWKHULQJDWRNHQRIKLV
JRRGZLOOZKLFKLVKHUHDQGODVWO\WKHPRVWFRQYLQFLQJ
SURRI,FDQRIIHUDIWHUDQDQRQ\PRXVDWWDFNDQGWKDWLV
WKHDEVHQFHRIDQ\ZLWQHVVDJDLQVWP\YHUDFLW\DQGWKH
SXULW\RIP\PLOLWDU\OLIH
$PXUPXURIDSSUREDWLRQUDQ
WKURXJKWKHDVVHPEO\DQGDWWKLVPRPHQW$OEHUWKDG
QRWKLQJPRUHWUDQVSLUHG\RXUIDWKHU
VFDXVHKDGEHHQ
JDLQHG,WRQO\UHPDLQHGWRSXWLWWRWKHYRWHZKHQWKH
SUHVLGHQWUHVXPHGC*HQWOHPHQDQG\RXPRQVLHXU\RXZLOO
QRWEHGLVSOHDVHG,SUHVXPHWROLVWHQWRRQHZKRFDOOV
KLPVHOIDYHU\LPSRUWDQWZLWQHVVDQGZKRKDVMXVWSUHVHQWHG
KLPVHOI+HLVGRXEWOHVVFRPHWRSURYHWKHSHUIHFW
LQQRFHQFHRIRXUFROOHDJXH+HUHLVDOHWWHU,KDYHMXVW
UHFHLYHGRQWKHVXEMHFWVKDOOLWEHUHDGRUVKDOOLWEH
SDVVHGRYHU"DQGVKDOOZHWDNHQRQRWLFHRIWKLVLQFLGHQW"

0GH0RUFHUIWXUQHGSDOHDQGFOLQFKHGKLVKDQGVRQWKH
SDSHUVKHKHOG7KHFRPPLWWHHGHFLGHGWRKHDUWKHOHWWHU
WKHFRXQWZDVWKRXJKWIXODQGVLOHQW7KHSUHVLGHQWUHDG
C0U3UHVLGHQW,FDQIXUQLVKWKHFRPPLWWHHRILQTXLU\
LQWRWKHFRQGXFWRIWKH/LHXWHQDQW*HQHUDOWKH&RXQWRI
0RUFHUILQ(SLUXVDQGLQ0DFHGRQLDZLWKLPSRUWDQW
SDUWLFXODUV

7KHSUHVLGHQWSDXVHGDQGWKHFRXQWWXUQHGSDOH7KH
SUHVLGHQWORRNHGDWKLVDXGLWRUVC3URFHHG
ZDVKHDUGRQ

1100

DOOVLGHV7KHSUHVLGHQWUHVXPHG
C,ZDVRQWKHVSRWDWWKHGHDWKRI$OL3DVKD,ZDVSUHVHQW
GXULQJKLVODVWPRPHQWV,NQRZZKDWLVEHFRPHRI9DVLOLNL
DQG+DLGHH,DPDWWKHFRPPDQGRIWKHFRPPLWWHHDQGHYHQ
FODLPWKHKRQRURIEHLQJKHDUG,VKDOOEHLQWKHOREE\ZKHQ
WKLVQRWHLVGHOLYHUHGWR\RX

C$QGZKRLVWKLVZLWQHVVRUUDWKHUWKLVHQHP\"
DVNHGWKH
FRXQWLQDWRQHLQZKLFKWKHUHZDVDYLVLEOHDOWHUDWLRQ
C:HVKDOONQRZVLU
UHSOLHGWKHSUHVLGHQWC,VWKH
FRPPLWWHHZLOOLQJWRKHDUWKLVZLWQHVV"
C<HV\HV
WKH\
DOOVDLGDWRQFH7KHGRRUNHHSHUZDVFDOOHGC,VWKHUHDQ\
RQHLQWKHOREE\"
VDLGWKHSUHVLGHQW
C<HVVLU
C:KRLVLW"
C$ZRPDQDFFRPSDQLHGE\D
VHUYDQW
(YHU\RQHORRNHGDWKLVQHLJKERUC%ULQJKHULQ

VDLGWKHSUHVLGHQW)LYHPLQXWHVDIWHUWKHGRRUNHHSHUDJDLQ
DSSHDUHGDOOH\HVZHUHIL[HGRQWKHGRRUDQG,VDLG
%HDXFKDPSVKDUHGWKHJHQHUDOH[SHFWDWLRQDQGDQ[LHW\
%HKLQGWKHGRRUNHHSHUZDONHGDZRPDQHQYHORSHGLQDODUJH
YHLOZKLFKFRPSOHWHO\FRQFHDOHGKHU,WZDVHYLGHQWIURP
KHUILJXUHDQGWKHSHUIXPHVVKHKDGDERXWKHUWKDWVKHZDV
\RXQJDQGIDVWLGLRXVLQKHUWDVWHVEXWWKDWZDVDOO7KH
SUHVLGHQWUHTXHVWHGKHUWRWKURZDVLGHKHUYHLODQGLWZDV
WKHQVHHQWKDWVKHZDVGUHVVHGLQWKH*UHFLDQFRVWXPHDQG
ZDVUHPDUNDEO\EHDXWLIXO
$KVDLG$OEHUWLWZDVVKH
:KR"
+DLGHH
:KRWROG\RXWKDW"
$ODV,JXHVVLW%XWJRRQ%HDXFKDPS<RXVHH,DPFDOP
DQGVWURQJ$QG\HWZHPXVWEHGUDZLQJQHDUWKHGLVFORVXUH
0GH0RUFHUIFRQWLQXHG%HDXFKDPSORRNHGDWWKLVZRPDQ
ZLWKVXUSULVHDQGWHUURU+HUOLSVZHUHDERXWWRSDVVKLV
VHQWHQFHRIOLIHRUGHDWK7RWKHFRPPLWWHHWKHDGYHQWXUH
ZDVVRH[WUDRUGLQDU\DQGFXULRXVWKDWWKHLQWHUHVWWKH\KDG
IHOWIRUWKHFRXQW
VVDIHW\EHFDPHQRZTXLWHDVHFRQGDU\

1101

PDWWHU7KHSUHVLGHQWKLPVHOIDGYDQFHGWRSODFHDVHDWIRU
WKH\RXQJODG\EXWVKHGHFOLQHGDYDLOLQJKHUVHOIRILW$V
IRUWKHFRXQWKHKDGIDOOHQRQKLVFKDLULWZDVHYLGHQW
WKDWKLVOHJVUHIXVHGWRVXSSRUWKLP
C0DGDPH
VDLGWKHSUHVLGHQWC\RXKDYHHQJDJHGWRIXUQLVK
WKHFRPPLWWHHZLWKVRPHLPSRUWDQWSDUWLFXODUVUHVSHFWLQJWKH
DIIDLUDW<DQLQDDQG\RXKDYHVWDWHGWKDW\RXZHUHDQ
H\HZLWQHVVRIWKHHYHQW
C,ZDVLQGHHG
VDLGWKH
VWUDQJHUZLWKDWRQHRIVZHHWPHODQFKRO\DQGZLWKWKH
VRQRURXVYRLFHSHFXOLDUWRWKH(DVW
C%XWDOORZPHWRVD\WKDW\RXPXVWKDYHEHHQYHU\\RXQJ
WKHQ
C,ZDVIRXU\HDUVROGEXWDVWKRVHHYHQWVGHHSO\
FRQFHUQHGPHQRWDVLQJOHGHWDLOKDVHVFDSHGP\PHPRU\

C,QZKDWPDQQHUFRXOGWKHVHHYHQWVFRQFHUQ\RX"DQGZKRDUH
\RXWKDWWKH\VKRXOGKDYHPDGHVRGHHSDQLPSUHVVLRQRQ
\RX"
C2QWKHPGHSHQGHGP\IDWKHU
VOLIH
UHSOLHGVKH
C,DP+DLGHHWKHGDXJKWHURI$OL7HSHOLQLSDVKDRI<DQLQD
DQGRI9DVLOLNLKLVEHORYHGZLIH

7KHEOXVKRIPLQJOHGSULGHDQGPRGHVW\ZKLFKVXGGHQO\
VXIIXVHGWKHFKHHNVRIWKH\RXQJZRPDQWKHEULOOLDQF\RI
KHUH\HDQGKHUKLJKO\LPSRUWDQWFRPPXQLFDWLRQSURGXFHGDQ
LQGHVFULEDEOHHIIHFWRQWKHDVVHPEO\$VIRUWKHFRXQWKH
FRXOGQRWKDYHEHHQPRUHRYHUZKHOPHGLIDWKXQGHUEROWKDG
IDOOHQDWKLVIHHWDQGRSHQHGDQLPPHQVHJXOIEHIRUHKLP
C0DGDPH
UHSOLHGWKHSUHVLGHQWERZLQJZLWKSURIRXQG
UHVSHFWCDOORZPHWRDVNRQHTXHVWLRQLWVKDOOEHWKH
ODVW&DQ\RXSURYHWKHDXWKHQWLFLW\RIZKDW\RXKDYHQRZ
VWDWHG"
C,FDQVLU
VDLG+DLGHHGUDZLQJIURPXQGHU
KHUYHLODVDWLQVDWFKHOKLJKO\SHUIXPHGCIRUKHUHLVWKH
UHJLVWHURIP\ELUWKVLJQHGE\P\IDWKHUDQGKLVSULQFLSDO
RIILFHUVDQGWKDWRIP\EDSWLVPP\IDWKHUKDYLQJFRQVHQWHG
WRP\EHLQJEURXJKWXSLQP\PRWKHU
VIDLWKWKLVODWWHU
KDVEHHQVHDOHGE\WKHJUDQGSULPDWHRI0DFHGRQLDDQG
(SLUXVDQGODVWO\ DQGSHUKDSVWKHPRVWLPSRUWDQW WKH
UHFRUGRIWKHVDOHRIP\SHUVRQDQGWKDWRIP\PRWKHUWRWKH
$UPHQLDQPHUFKDQW(O.REELUE\WKH)UHQFKRIILFHUZKRLQ
KLVLQIDPRXVEDUJDLQZLWKWKH3RUWHKDGUHVHUYHGDVKLV
SDUWRIWKHERRW\WKHZLIHDQGGDXJKWHURIKLVEHQHIDFWRU
ZKRPKHVROGIRUWKHVXPRIIRXUKXQGUHGWKRXVDQGIUDQFV
$
JUHHQLVKSDOORUVSUHDGRYHUWKHFRXQW
VFKHHNVDQGKLVH\HV
EHFDPHEORRGVKRWDWWKHVHWHUULEOHLPSXWDWLRQVZKLFKZHUH

1102

OLVWHQHGWRE\WKHDVVHPEO\ZLWKRPLQRXVVLOHQFH
+DLGHHVWLOOFDOPEXWZLWKDFDOPQHVVPRUHGUHDGIXOWKDQ
WKHDQJHURIDQRWKHUZRXOGKDYHEHHQKDQGHGWRWKH
SUHVLGHQWWKHUHFRUGRIKHUVDOHZULWWHQLQ$UDELF,WKDG
EHHQVXSSRVHGVRPHRIWKHSDSHUVPLJKWEHLQWKH$UDELDQ
5RPDLFRU7XUNLVKODQJXDJHDQGWKHLQWHUSUHWHURIWKH
+RXVHZDVLQDWWHQGDQFH2QHRIWKHQREOHSHHUVZKRZDV
IDPLOLDUZLWKWKH$UDELFODQJXDJHKDYLQJVWXGLHGLWGXULQJ
WKHIDPRXV(J\SWLDQFDPSDLJQIROORZHGZLWKKLVH\HDVWKH
WUDQVODWRUUHDGDORXG
C,(O.REELUDVODYHPHUFKDQWDQGSXUYH\RURIWKHKDUHP
RIKLVKLJKQHVVDFNQRZOHGJHKDYLQJUHFHLYHGIRU
WUDQVPLVVLRQWRWKHVXEOLPHHPSHURUIURPWKH)UHQFKORUG
WKH&RXQWRI0RQWH&ULVWRDQHPHUDOGYDOXHGDWHLJKW
KXQGUHGWKRXVDQGIUDQFVDVWKHUDQVRPRID\RXQJ&KULVWLDQ
VODYHRIHOHYHQ\HDUVRIDJHQDPHG+DLGHHWKHDFNQRZOHGJHG
GDXJKWHURIWKHODWHORUG$OL7HSHOLQLSDVKDRI<DQLQDDQG
RI9DVLOLNLKLVIDYRULWHVKHKDYLQJEHHQVROGWRPHVHYHQ
\HDUVSUHYLRXVO\ZLWKKHUPRWKHUZKRKDGGLHGRQDUULYLQJ
DW&RQVWDQWLQRSOHE\D)UHQFKFRORQHOLQWKHVHUYLFHRIWKH
9L]LHU$OL7HSHOLQLQDPHG)HUQDQG0RQGHJR7KH
DERYHPHQWLRQHGSXUFKDVHZDVPDGHRQKLVKLJKQHVV
VDFFRXQW
ZKRVHPDQGDWH,KDGIRUWKHVXPRIIRXUKXQGUHGWKRXVDQG
IUDQFV
C*LYHQDW&RQVWDQWLQRSOHE\DXWKRULW\RIKLVKLJKQHVVLQ
WKH\HDURIWKH+HJLUD
C6LJQHG(O.REELU

C7KDWWKLVUHFRUGVKRXOGKDYHDOOGXHDXWKRULW\LWVKDOO
EHDUWKHLPSHULDOVHDOZKLFKWKHYHQGRULVERXQGWRKDYH
DIIL[HGWRLW

1HDUWKHPHUFKDQW
VVLJQDWXUHWKHUHZDVLQGHHGWKHVHDO
RIWKHVXEOLPHHPSHURU$GUHDGIXOVLOHQFHIROORZHGWKH
UHDGLQJRIWKLVGRFXPHQWWKHFRXQWFRXOGRQO\VWDUHDQG
KLVJD]HIL[HGDVLIXQFRQVFLRXVO\RQ+DLGHHVHHPHGRQHRI
ILUHDQGEORRGC0DGDPH
VDLGWKHSUHVLGHQWCPD\UHIHUHQFH
EHPDGHWRWKH&RXQWRI0RQWH&ULVWRZKRLVQRZ,EHOLHYH
LQ3DULV"
C6LU
UHSOLHG+DLGHHCWKH&RXQWRI0RQWH
&ULVWRP\IRVWHUIDWKHUKDVEHHQLQ1RUPDQG\WKHODVW

1103

WKUHHGD\V

C:KRWKHQKDVFRXQVHOOHG\RXWRWDNHWKLVVWHSRQHIRU
ZKLFKWKHFRXUWLVGHHSO\LQGHEWHGWR\RXDQGZKLFKLV
SHUIHFWO\QDWXUDOFRQVLGHULQJ\RXUELUWKDQG\RXU
PLVIRUWXQHV"
C6LU
UHSOLHG+DLGHHC,KDYHEHHQOHGWR
WDNHWKLVVWHSIURPDIHHOLQJRIUHVSHFWDQGJULHI$OWKRXJK
D&KULVWLDQPD\*RGIRUJLYHPH,KDYHDOZD\VVRXJKWWR
UHYHQJHP\LOOXVWULRXVIDWKHU6LQFH,VHWP\IRRWLQ
)UDQFHDQGNQHZWKHWUDLWRUOLYHGLQ3DULV,KDYHZDWFKHG
FDUHIXOO\,OLYHUHWLUHGLQWKHKRXVHRIP\QREOH
SURWHFWRUEXW,GRLWIURPFKRLFH,ORYHUHWLUHPHQWDQG
VLOHQFHEHFDXVH,FDQOLYHZLWKP\WKRXJKWVDQG
UHFROOHFWLRQVRISDVWGD\V%XWWKH&RXQWRI0RQWH&ULVWR
VXUURXQGVPHZLWKHYHU\SDWHUQDOFDUHDQG,DPLJQRUDQWRI
QRWKLQJZKLFKSDVVHVLQWKHZRUOG,OHDUQDOOLQWKH
VLOHQFHRIP\DSDUWPHQWVIRULQVWDQFH,VHHDOOWKH
QHZVSDSHUVHYHU\SHULRGLFDODVZHOODVHYHU\QHZSLHFHRI
PXVLFDQGE\WKXVZDWFKLQJWKHFRXUVHRIWKHOLIHRI
RWKHUV,OHDUQHGZKDWKDGWUDQVSLUHGWKLVPRUQLQJLQWKH
+RXVHRI3HHUVDQGZKDWZDVWRWDNHSODFHWKLVHYHQLQJ
WKHQ,ZURWH

C7KHQ
UHPDUNHGWKHSUHVLGHQWCWKH&RXQWRI0RQWH&ULVWR
NQRZVQRWKLQJRI\RXUSUHVHQWSURFHHGLQJV"
C+HLVTXLWH
XQDZDUHRIWKHPDQG,KDYHEXWRQHIHDUZKLFKLVWKDWKH
VKRXOGGLVDSSURYHRIZKDW,KDYHGRQH%XWLWLVDJORULRXV
GD\IRUPH
FRQWLQXHGWKH\RXQJJLUOUDLVLQJKHUDUGHQW
JD]HWRKHDYHQCWKDWRQZKLFK,ILQGDWODVWDQRSSRUWXQLW\
RIDYHQJLQJP\IDWKHU

7KHFRXQWKDGQRWXWWHUHGRQHZRUGWKHZKROHRIWKLVWLPH
+LVFROOHDJXHVORRNHGDWKLPDQGGRXEWOHVVSLWLHGKLV
SURVSHFWVEOLJKWHGXQGHUWKHSHUIXPHGEUHDWKRIDZRPDQ
+LVPLVHU\ZDVGHSLFWHGLQVLQLVWHUOLQHVRQKLV
FRXQWHQDQFHC0GH0RUFHUI
VDLGWKHSUHVLGHQWCGR\RX
UHFRJQL]HWKLVODG\DVWKHGDXJKWHURI$OL7HSHOLQLSDVKD
RI<DQLQD"
C1R
VDLG0RUFHUIDWWHPSWLQJWRULVHCLW
LVDEDVHSORWFRQWULYHGE\P\HQHPLHV
+DLGHHZKRVHH\HV
KDGEHHQIL[HGRQWKHGRRUDVLIH[SHFWLQJVRPHRQHWXUQHG
KDVWLO\DQGVHHLQJWKHFRXQWVWDQGLQJVKULHNHGC<RXGR
QRWNQRZPH"
VDLGVKHC:HOO,IRUWXQDWHO\UHFRJQL]H\RX
<RXDUH)HUQDQG0RQGHJRWKH)UHQFKRIILFHUZKROHGWKH
WURRSVRIP\QREOHIDWKHU,WLV\RXZKRVXUUHQGHUHGWKH

1104

FDVWOHRI<DQLQD,WLV\RXZKRVHQWE\KLPWR
&RQVWDQWLQRSOHWRWUHDWZLWKWKHHPSHURUIRUWKHOLIHRU
GHDWKRI\RXUEHQHIDFWRUEURXJKWEDFNDIDOVHPDQGDWH
JUDQWLQJIXOOSDUGRQ,WLV\RXZKRZLWKWKDWPDQGDWH
REWDLQHGWKHSDVKD
VULQJZKLFKJDYH\RXDXWKRULW\RYHU
6HOLPWKHILUHNHHSHU,WLV\RXZKRVWDEEHG6HOLP,WLV
\RXZKRVROGXVP\PRWKHUDQGPHWRWKHPHUFKDQW
(O.REELU$VVDVVLQDVVDVVLQDVVDVVLQ\RXKDYHVWLOORQ
\RXUEURZ\RXUPDVWHU
VEORRG/RRNJHQWOHPHQDOO

7KHVHZRUGVKDGEHHQSURQRXQFHGZLWKVXFKHQWKXVLDVPDQG
HYLGHQWWUXWKWKDWHYHU\H\HZDVIL[HGRQWKHFRXQW
V
IRUHKHDGDQGKHKLPVHOISDVVHGKLVKDQGDFURVVLWDVLIKH
IHOW$OL
VEORRGVWLOOOLQJHULQJWKHUHC<RXSRVLWLYHO\
UHFRJQL]H0GH0RUFHUIDVWKHRIILFHU)HUQDQG0RQGHJR"

C,QGHHG,GR
FULHG+DLGHHC2KP\PRWKHULWZDV\RXZKR
VDLG<RXZHUHIUHH\RXKDGDEHORYHGIDWKHU\RXZHUH
GHVWLQHGWREHDOPRVWDTXHHQ/RRNZHOODWWKDWPDQLWLV
KHZKRUDLVHG\RXUIDWKHU
VKHDGRQWKHSRLQWRIDVSHDULW
LVKHZKRVROGXVLWLVKHZKRIRUVRRNXV/RRNZHOODWKLV
ULJKWKDQGRQZKLFKKHKDVDODUJHZRXQGLI\RXIRUJRWKLV
IHDWXUHV\RXZRXOGNQRZKLPE\WKDWKDQGLQWRZKLFKIHOO
RQHE\RQHWKHJROGSLHFHVRIWKHPHUFKDQW(O.REELU,
NQRZKLP$KOHWKLPVD\QRZLIKHGRHVQRWUHFRJQL]HPH

(DFKZRUGIHOOOLNHDGDJJHURQ0RUFHUIDQGGHSULYHGKLPRI
DSRUWLRQRIKLVHQHUJ\DVVKHXWWHUHGWKHODVWKHKLGKLV
PXWLODWHGKDQGKDVWLO\LQKLVERVRPDQGIHOOEDFNRQKLV
VHDWRYHUZKHOPHGE\ZUHWFKHGQHVVDQGGHVSDLU7KLVVFHQH
FRPSOHWHO\FKDQJHGWKHRSLQLRQRIWKHDVVHPEO\UHVSHFWLQJ
WKHDFFXVHGFRXQW
C&RXQWRI0RUFHUI
VDLGWKHSUHVLGHQWCGRQRWDOORZ
\RXUVHOIWREHFDVWGRZQDQVZHU7KHMXVWLFHRIWKHFRXUW
LVVXSUHPHDQGLPSDUWLDODVWKDWRI*RGLWZLOOQRWVXIIHU
\RXWREHWUDPSOHGRQE\\RXUHQHPLHVZLWKRXWJLYLQJ\RXDQ
RSSRUWXQLW\RIGHIHQGLQJ\RXUVHOI6KDOOIXUWKHULQTXLULHV
EHPDGH"6KDOOWZRPHPEHUVRIWKH+RXVHEHVHQWWR<DQLQD"
6SHDN
0RUFHUIGLGQRWUHSO\7KHQDOOWKHPHPEHUVORRNHG
DWHDFKRWKHUZLWKWHUURU7KH\NQHZWKHFRXQW
VHQHUJHWLF
DQGYLROHQWWHPSHULWPXVWEHLQGHHGDGUHDGIXOEORZ
ZKLFKZRXOGGHSULYHKLPRIFRXUDJHWRGHIHQGKLPVHOI7KH\
H[SHFWHGWKDWKLVVWXSHILHGVLOHQFHZRXOGEHIROORZHGE\D
ILHU\RXWEXUVWC:HOO
DVNHGWKHSUHVLGHQWCZKDWLV\RXU
GHFLVLRQ"

1105

C,KDYHQRUHSO\WRPDNH
VDLGWKHFRXQWLQDORZWRQH
C+DVWKHGDXJKWHURI$OL7HSHOLQLVSRNHQWKHWUXWK"
VDLG
WKHSUHVLGHQWC,VVKHWKHQWKHWHUULEOHZLWQHVVWRZKRVH
FKDUJH\RXGDUHQRWSOHDG1RWJXLOW\"+DYH\RXUHDOO\
FRPPLWWHGWKHFULPHVRIZKLFK\RXDUHDFFXVHG"
7KHFRXQW
ORRNHGDURXQGKLPZLWKDQH[SUHVVLRQZKLFKPLJKWKDYH
VRIWHQHGWLJHUVEXWZKLFKFRXOGQRWGLVDUPKLVMXGJHV7KHQ
KHUDLVHGKLVH\HVWRZDUGVWKHFHLOLQJEXWZLWKGUHZWKHQ
LPPHGLDWHO\DVLIKHIHDUHGWKHURRIZRXOGRSHQDQGUHYHDO
WRKLVGLVWUHVVHGYLHZWKDWVHFRQGWULEXQDOFDOOHGKHDYHQ
DQGWKDWRWKHUMXGJHQDPHG*RG7KHQZLWKDKDVW\PRYHPHQW
KHWRUHRSHQKLVFRDWZKLFKVHHPHGWRVWLIOHKLPDQGIOHZ
IURPWKHURRPOLNHDPDGPDQKLVIRRWVWHSZDVKHDUGRQH
PRPHQWLQWKHFRUULGRUWKHQWKHUDWWOLQJRIKLV
FDUULDJHZKHHOVDVKHZDVGULYHQUDSLGO\DZD\C*HQWOHPHQ

VDLGWKHSUHVLGHQWZKHQVLOHQFHZDVUHVWRUHGCLVWKH&RXQW
RI0RUFHUIFRQYLFWHGRIIHORQ\WUHDVRQDQGFRQGXFW
XQEHFRPLQJDPHPEHURIWKLV+RXVH"
C<HV
UHSOLHGDOO
WKHPHPEHUVRIWKHFRPPLWWHHRILQTXLU\ZLWKDXQDQLPRXV
YRLFH
+DLGHHKDGUHPDLQHGXQWLOWKHFORVHRIWKHPHHWLQJ6KH
KHDUGWKHFRXQW
VVHQWHQFHSURQRXQFHGZLWKRXWEHWUD\LQJDQ
H[SUHVVLRQRIMR\RUSLW\WKHQGUDZLQJKHUYHLORYHUKHU
IDFHVKHERZHGPDMHVWLFDOO\WRWKHFRXQFLOORUVDQGOHIW
ZLWKWKDWGLJQLILHGVWHSZKLFK9LUJLODWWULEXWHVWRKLV
JRGGHVVHV

&KDSWHU
7KH&KDOOHQJH
7KHQFRQWLQXHG%HDXFKDPS,WRRNDGYDQWDJHRIWKH
VLOHQFHDQGWKHGDUNQHVVWROHDYHWKHKRXVHZLWKRXWEHLQJ
VHHQ7KHXVKHUZKRKDGLQWURGXFHGPHZDVZDLWLQJIRUPHDW
WKHGRRUDQGKHFRQGXFWHGPHWKURXJKWKHFRUULGRUVWRD
SULYDWHHQWUDQFHRSHQLQJLQWRWKH5XHGH9DXJLUDUG,OHIW
ZLWKPLQJOHGIHHOLQJVRIVRUURZDQGGHOLJKW([FXVHPH
$OEHUWVRUURZRQ\RXUDFFRXQWDQGGHOLJKWZLWKWKDW
QREOHJLUOWKXVSXUVXLQJSDWHUQDOYHQJHDQFH<HV$OEHUW
IURPZKDWHYHUVRXUFHWKHEORZPD\KDYHSURFHHGHGLWPD\

1106

EHIURPDQHQHP\EXWWKDWHQHP\LVRQO\WKHDJHQWRI
SURYLGHQFH$OEHUWKHOGKLVKHDGEHWZHHQKLVKDQGVKH
UDLVHGKLVIDFHUHGZLWKVKDPHDQGEDWKHGLQWHDUVDQG
VHL]LQJ%HDXFKDPS
VDUP0\IULHQGVDLGKHP\OLIHLV
HQGHG,FDQQRWFDOPO\VD\ZLWK\RXC3URYLGHQFHKDVVWUXFN
WKHEORZ
EXW,PXVWGLVFRYHUZKRSXUVXHVPHZLWKWKLV
KDWUHGDQGZKHQ,KDYHIRXQGKLP,VKDOONLOOKLPRUKH
ZLOONLOOPH,UHO\RQ\RXUIULHQGVKLSWRDVVLVWPH
%HDXFKDPSLIFRQWHPSWKDVQRWEDQLVKHGLWIURP\RXUKHDUW
&RQWHPSWP\IULHQG"+RZGRHVWKLVPLVIRUWXQHDIIHFW\RX"
1RKDSSLO\WKDWXQMXVWSUHMXGLFHLVIRUJRWWHQZKLFKPDGH
WKHVRQUHVSRQVLEOHIRUWKHIDWKHU
VDFWLRQV5HYLHZ\RXU
OLIH$OEHUWDOWKRXJKLWLVRQO\MXVWEHJLQQLQJGLGD
ORYHO\VXPPHU
VGD\HYHUGDZQZLWKJUHDWHUSXULW\WKDQKDV
PDUNHGWKHFRPPHQFHPHQWRI\RXUFDUHHU"1R$OEHUWWDNHP\
DGYLFH<RXDUH\RXQJDQGULFKOHDYH3DULVDOOLVVRRQ
IRUJRWWHQLQWKLVJUHDW%DE\ORQRIH[FLWHPHQWDQGFKDQJLQJ
WDVWHV<RXZLOOUHWXUQDIWHUWKUHHRUIRXU\HDUVZLWKD
5XVVLDQSULQFHVVIRUDEULGHDQGQRRQHZLOOWKLQNPRUHRI
ZKDWRFFXUUHG\HVWHUGD\WKDQLILWKDGKDSSHQHGVL[WHHQ
\HDUVDJR
7KDQN\RXP\GHDU%HDXFKDPSWKDQN\RXIRUWKHH[FHOOHQW
IHHOLQJZKLFKSURPSWV\RXUDGYLFHEXWLWFDQQRWEH,KDYH
WROG\RXP\ZLVKRUUDWKHUP\GHWHUPLQDWLRQ<RXXQGHUVWDQG
WKDWLQWHUHVWHGDV,DPLQWKLVDIIDLU,FDQQRWVHHLWLQ
WKHVDPHOLJKWDV\RXGR:KDWDSSHDUVWR\RXWRHPDQDWH
IURPDFHOHVWLDOVRXUFHVHHPVWRPHWRSURFHHGIURPRQHIDU
OHVVSXUH3URYLGHQFHDSSHDUVWRPHWRKDYHQRVKDUHLQWKLV
DIIDLUDQGKDSSLO\VRIRULQVWHDGRIWKHLQYLVLEOH
LPSDOSDEOHDJHQWRIFHOHVWLDOUHZDUGVDQGSXQLVKPHQWV,
VKDOOILQGRQHERWKSDOSDEOHDQGYLVLEOHRQZKRP,VKDOO
UHYHQJHP\VHOI,DVVXUH\RXIRUDOO,KDYHVXIIHUHGGXULQJ
WKHODVWPRQWK1RZ,UHSHDW%HDXFKDPS,ZLVKWRUHWXUQ
WRKXPDQDQGPDWHULDOH[LVWHQFHDQGLI\RXDUHVWLOOWKH
IULHQG\RXSURIHVVWREHKHOSPHWRGLVFRYHUWKHKDQGWKDW
VWUXFNWKHEORZ
%HLWVRVDLG%HDXFKDPSLI\RXPXVWKDYHPHGHVFHQGWR
HDUWK,VXEPLWDQGLI\RXZLOOVHHN\RXUHQHP\,ZLOO
DVVLVW\RXDQG,ZLOOHQJDJHWRILQGKLPP\KRQRUEHLQJ
DOPRVWDVGHHSO\LQWHUHVWHGDV\RXUV

1107

:HOOWKHQ\RXXQGHUVWDQG%HDXFKDPSWKDWZHEHJLQRXU
VHDUFKLPPHGLDWHO\(DFKPRPHQW
VGHOD\LVDQHWHUQLW\IRU
PH7KHFDOXPQLDWRULVQRW\HWSXQLVKHGDQGKHPD\KRSH
WKDWKHZLOOQRWEHEXWRQP\KRQRULWKHWKLQNVVRKH
GHFHLYHVKLPVHOI
:HOOOLVWHQ0RUFHUI
$K%HDXFKDPS,VHH\RXNQRZVRPHWKLQJDOUHDG\\RXZLOO
UHVWRUHPHWROLIH
,GRQRWVD\WKHUHLVDQ\WUXWKLQZKDW,DPJRLQJWRWHOO
\RXEXWLWLVDWOHDVWDUD\RIOLJKWLQDGDUNQLJKWE\
IROORZLQJLWZHPD\SHUKDSVGLVFRYHUVRPHWKLQJPRUH
FHUWDLQ
7HOOPHVDWLVI\P\LPSDWLHQFH
:HOO,ZLOOWHOO\RXZKDW,GLGQRWOLNHWRPHQWLRQRQP\
UHWXUQIURP<DQLQD
6D\RQ
,ZHQWRIFRXUVHWRWKHFKLHIEDQNHURIWKHWRZQWRPDNH
LQTXLULHV$WWKHILUVWZRUGEHIRUH,KDGHYHQPHQWLRQHG
\RXUIDWKHU
VQDPH
C$K
VDLGKHC,JXHVVZKDWEULQJV\RXKHUH

C+RZDQGZK\"

C%HFDXVHDIRUWQLJKWVLQFH,ZDVTXHVWLRQHGRQWKHVDPH
VXEMHFW

C%\ZKRP"
C%\D3DULVEDQNHUP\FRUUHVSRQGHQW

C:KRVHQDPHLV

C'DQJODUV

+HFULHG$OEHUW\HVLWLVLQGHHGKHZKRKDVVRORQJ
SXUVXHGP\IDWKHUZLWKMHDORXVKDWUHG+HWKHPDQZKRZRXOG
EHSRSXODUFDQQRWIRUJLYHWKH&RXQWRI0RUFHUIIRUEHLQJ
FUHDWHGDSHHUDQGWKLVPDUULDJHEURNHQRIIZLWKRXWD

1108

UHDVRQEHLQJDVVLJQHG\HVLWLVDOOIURPWKHVDPH
FDXVH
0DNHLQTXLULHV$OEHUWEXWGRQRWEHDQJU\ZLWKRXWUHDVRQ
PDNHLQTXLULHVDQGLILWEHWUXH
2K\HVLILWEHWUXHFULHGWKH\RXQJPDQKHVKDOOSD\
PHDOO,KDYHVXIIHUHG
%HZDUH0RUFHUIKHLVDOUHDG\DQROGPDQ
,ZLOOUHVSHFWKLVDJHDVKHKDVUHVSHFWHGWKHKRQRURIP\
IDPLO\LIP\IDWKHUKDGRIIHQGHGKLPZK\GLGKHQRWDWWDFN
KLPSHUVRQDOO\"2KQRKHZDVDIUDLGWRHQFRXQWHUKLPIDFH
WRIDFH
,GRQRWFRQGHPQ\RX$OEHUW,RQO\UHVWUDLQ\RX$FW
SUXGHQWO\
2KGRQRWIHDUEHVLGHV\RXZLOODFFRPSDQ\PH%HDXFKDPS
VROHPQWUDQVDFWLRQVVKRXOGEHVDQFWLRQHGE\DZLWQHVV
%HIRUHWKLVGD\FORVHVLI0'DQJODUVLVJXLOW\KHVKDOO
FHDVHWROLYHRU,VKDOOGLH3DUGLHX%HDXFKDPSPLQH
VKDOOEHDVSOHQGLGIXQHUDO
:KHQVXFKUHVROXWLRQVDUHPDGH$OEHUWWKH\VKRXOGEH
SURPSWO\H[HFXWHG'R\RXZLVKWRJRWR0'DQJODUV"/HWXV
JRLPPHGLDWHO\7KH\VHQWIRUDFDEULROHW2QHQWHULQJWKH
EDQNHU
VPDQVLRQWKH\SHUFHLYHGWKHSKDHWRQDQGVHUYDQWRI
0$QGUHD&DYDOFDQWL$KSDUEOHXWKDW
VJRRGVDLG
$OEHUWZLWKDJORRP\WRQH,I0'DQJODUVZLOOQRWILJKW
ZLWKPH,ZLOONLOOKLVVRQLQODZ&DYDOFDQWLZLOO
FHUWDLQO\ILJKW7KHVHUYDQWDQQRXQFHGWKH\RXQJPDQEXW
WKHEDQNHUUHFROOHFWLQJZKDWKDGWUDQVSLUHGWKHGD\EHIRUH
GLGQRWZLVKKLPDGPLWWHG,WZDVKRZHYHUWRRODWH$OEHUW
KDGIROORZHGWKHIRRWPDQDQGKHDULQJWKHRUGHUJLYHQ
IRUFHGWKHGRRURSHQDQGIROORZHGE\%HDXFKDPSIRXQG
KLPVHOILQWKHEDQNHU
VVWXG\6LUFULHGWKHODWWHUDP
,QRORQJHUDWOLEHUW\WRUHFHLYHZKRP,FKRRVHLQP\KRXVH"
<RXDSSHDUWRIRUJHW\RXUVHOIVDGO\
1RVLUVDLG$OEHUWFROGO\WKHUHDUHFLUFXPVWDQFHVLQ
ZKLFKRQHFDQQRWH[FHSWWKURXJKFRZDUGLFH,RIIHU\RX
WKDWUHIXJHUHIXVHWRDGPLWFHUWDLQSHUVRQVDWOHDVW

1109

:KDWLV\RXUHUUDQGWKHQZLWKPHVLU"
,PHDQVDLG$OEHUWGUDZLQJQHDUDQGZLWKRXWDSSDUHQWO\
QRWLFLQJ&DYDOFDQWLZKRVWRRGZLWKKLVEDFNWRZDUGVWKH
ILUHSODFH,PHDQWRSURSRVHDPHHWLQJLQVRPHUHWLUHG
FRUQHUZKHUHQRRQHZLOOLQWHUUXSWXVIRUWHQPLQXWHVWKDW
ZLOOEHVXIILFLHQWZKHUHWZRPHQKDYLQJPHWRQHRIWKHP
ZLOOUHPDLQRQWKHJURXQG'DQJODUVWXUQHGSDOH&DYDOFDQWL
PRYHGDVWHSIRUZDUGDQG$OEHUWWXUQHGWRZDUGVKLP$QG
\RXWRRVDLGKHFRPHLI\RXOLNHPRQVLHXU\RXKDYHD
FODLPEHLQJDOPRVWRQHRIWKHIDPLO\DQG,ZLOOJLYHDV
PDQ\UHQGH]YRXVRIWKDWNLQGDV,FDQILQGSHUVRQVZLOOLQJ
WRDFFHSWWKHP&DYDOFDQWLORRNHGDW'DQJODUVZLWKD
VWXSHILHGDLUDQGWKHODWWHUPDNLQJDQHIIRUWDURVHDQG
VWHSSHGEHWZHHQWKHWZR\RXQJPHQ$OEHUW
VDWWDFNRQ$QGUHD
KDGSODFHGKLPRQDGLIIHUHQWIRRWLQJDQGKHKRSHGWKLV
YLVLWKDGDQRWKHUFDXVHWKDQWKDWKHKDGDWILUVWVXSSRVHG
,QGHHGVLUVDLGKHWR$OEHUWLI\RXDUHFRPHWR
TXDUUHOZLWKWKLVJHQWOHPDQEHFDXVH,KDYHSUHIHUUHGKLPWR
\RX,VKDOOUHVLJQWKHFDVHWRWKHNLQJ
VDWWRUQH\
<RXPLVWDNHVLUVDLG0RUFHUIZLWKDJORRP\VPLOH,DP
QRWUHIHUULQJLQWKHOHDVWWRPDWULPRQ\DQG,RQO\
DGGUHVVHGP\VHOIWR0&DYDOFDQWLEHFDXVHKHDSSHDUHG
GLVSRVHGWRLQWHUIHUHEHWZHHQXV,QRQHUHVSHFW\RXDUH
ULJKWIRU,DPUHDG\WRTXDUUHOZLWKHYHU\RQHWRGD\EXW
\RXKDYHWKHILUVWFODLP0'DQJODUV
6LUUHSOLHG'DQJODUVSDOHZLWKDQJHUDQGIHDU,ZDUQ
\RXZKHQ,KDYHWKHPLVIRUWXQHWRPHHWZLWKDPDGGRJ,
NLOOLWDQGIDUIURPWKLQNLQJP\VHOIJXLOW\RIDFULPH,
EHOLHYH,GRVRFLHW\DNLQGQHVV1RZLI\RXDUHPDGDQGWU\
WRELWHPH,ZLOONLOO\RXZLWKRXWSLW\,VLWP\IDXOW
WKDW\RXUIDWKHUKDVGLVKRQRUHGKLPVHOI"
<HVPLVHUDEOHZUHWFKFULHG0RUFHUILWLV\RXUIDXOW
'DQJODUVUHWUHDWHGDIHZVWHSV0\IDXOW"VDLGKH\RX
PXVWEHPDG:KDWGR,NQRZRIWKH*UHFLDQDIIDLU"+DYH,
WUDYHOOHGLQWKDWFRXQWU\"'LG,DGYLVH\RXUIDWKHUWRVHOO
WKHFDVWOHRI<DQLQDWREHWUD\
6LOHQFHVDLG$OEHUWZLWKDWKXQGHULQJYRLFH1RLWLV

1110

QRW\RXZKRKDYHGLUHFWO\PDGHWKLVH[SRVXUHDQGEURXJKW
WKLVVRUURZRQXVEXW\RXK\SRFULWLFDOO\SURYRNHGLW
,"
<HV\RX+RZFDPHLWNQRZQ"
,VXSSRVH\RXUHDGLWLQWKHSDSHULQWKHDFFRXQWIURP
<DQLQD"
:KRZURWHWR<DQLQD"
7R<DQLQD"
<HV:KRZURWHIRUSDUWLFXODUVFRQFHUQLQJP\IDWKHU"
,LPDJLQHDQ\RQHPD\ZULWHWR<DQLQD
%XWRQHSHUVRQRQO\ZURWH
2QHRQO\"
<HVDQGWKDWZDV\RX
,GRXEWOHVVZURWH,WDSSHDUVWRPHWKDWZKHQDERXWWR
PDUU\\RXUGDXJKWHUWRD\RXQJPDQLWLVULJKWWRPDNHVRPH
LQTXLULHVUHVSHFWLQJKLVIDPLO\LWLVQRWRQO\DULJKWEXW
DGXW\
<RXZURWHVLUNQRZLQJZKDWDQVZHU\RXZRXOGUHFHLYH
,LQGHHG",DVVXUH\RXFULHG'DQJODUVZLWKDFRQILGHQFH
DQGVHFXULW\SURFHHGLQJOHVVIURPIHDUWKDQIURPWKH
LQWHUHVWKHUHDOO\IHOWIRUWKH\RXQJPDQ,VROHPQO\
GHFODUHWR\RXWKDW,VKRXOGQHYHUKDYHWKRXJKWRIZULWLQJ
WR<DQLQDGLG,NQRZDQ\WKLQJRI$OL3DVKD
VPLVIRUWXQHV
:KRWKHQXUJHG\RXWRZULWH"7HOOPH
3DUGLHXLWZDVWKHPRVWVLPSOHWKLQJLQWKHZRUOG,ZDV
VSHDNLQJRI\RXUIDWKHU
VSDVWKLVWRU\,VDLGWKHRULJLQRI
KLVIRUWXQHUHPDLQHGREVFXUH7KHSHUVRQWRZKRP,DGGUHVVHG
P\VFUXSOHVDVNHGPHZKHUH\RXUIDWKHUKDGDFTXLUHGKLV
SURSHUW\",DQVZHUHGC,Q*UHHFH
C7KHQ
VDLGKH

1111

CZULWHWR<DQLQD

$QGZKRWKXVDGYLVHG\RX"
1RRWKHUWKDQ\RXUIULHQG0RQWH&ULVWR
7KH&RXQWRI0RQWH&ULVWRWROG\RXWRZULWHWR<DQLQD"
<HVDQG,ZURWHDQGZLOOVKRZ\RXP\FRUUHVSRQGHQFHLI
\RXOLNH$OEHUWDQG%HDXFKDPSORRNHGDWHDFKRWKHU6LU
VDLG%HDXFKDPSZKRKDGQRW\HWVSRNHQ\RXDSSHDUWR
DFFXVHWKHFRXQWZKRLVDEVHQWIURP3DULVDWWKLVPRPHQW
DQGFDQQRWMXVWLI\KLPVHOI
,DFFXVHQRRQHVLUVDLG'DQJODUV,UHODWHDQG,ZLOO
UHSHDWEHIRUHWKHFRXQWZKDW,KDYHVDLGWR\RX
'RHVWKHFRXQWNQRZZKDWDQVZHU\RXUHFHLYHG"
<HV,VKRZHGLWWRKLP
'LGKHNQRZP\IDWKHU
V&KULVWLDQQDPHZDV)HUQDQGDQGKLV
IDPLO\QDPH0RQGHJR"
<HV,KDGWROGKLPWKDWORQJVLQFHDQG,GLGRQO\ZKDW
DQ\RWKHUZRXOGKDYHGRQHLQP\FLUFXPVWDQFHVDQGSHUKDSV
OHVV:KHQWKHGD\DIWHUWKHDUULYDORIWKLVDQVZHU\RXU
IDWKHUFDPHE\WKHDGYLFHRI0RQWH&ULVWRWRDVNP\
GDXJKWHU
VKDQGIRU\RX,GHFLGHGO\UHIXVHGKLPEXW
ZLWKRXWDQ\H[SODQDWLRQRUH[SRVXUH,QVKRUWZK\VKRXOG,
KDYHDQ\PRUHWRGRZLWKWKHDIIDLU"+RZGLGWKHKRQRURU
GLVJUDFHRI0GH0RUFHUIDIIHFWPH",WQHLWKHULQFUHDVHG
QRUGHFUHDVHGP\LQFRPH
$OEHUWIHOWWKHEORRGPRXQWLQJWRKLVEURZWKHUHZDVQR
GRXEWXSRQWKHVXEMHFW'DQJODUVGHIHQGHGKLPVHOIZLWKWKH
EDVHQHVVEXWDWWKHVDPHWLPHZLWKWKHDVVXUDQFHRIDPDQ
ZKRVSHDNVWKHWUXWKDWOHDVWLQSDUWLIQRWZKROO\QRW
IRUFRQVFLHQFH
VDNHEXWWKURXJKIHDU%HVLGHVZKDWZDV
0RUFHUIVHHNLQJ",WZDVQRWZKHWKHU'DQJODUVRU0RQWH&ULVWR
ZDVPRUHRUOHVVJXLOW\LWZDVDPDQZKRZRXOGDQVZHUIRU
WKHRIIHQFHZKHWKHUWULIOLQJRUVHULRXVLWZDVDPDQZKR
ZRXOGILJKWDQGLWZDVHYLGHQW'DQJODUV
VZRXOGQRWILJKW
$QGLQDGGLWLRQWRWKLVHYHU\WKLQJIRUJRWWHQRU

1112

XQSHUFHLYHGEHIRUHSUHVHQWHGLWVHOIQRZWRKLVUHFROOHFWLRQ
0RQWH&ULVWRNQHZHYHU\WKLQJDVKHKDGERXJKWWKHGDXJKWHU
RI$OL3DVKDDQGNQRZLQJHYHU\WKLQJKHKDGDGYLVHG
'DQJODUVWRZULWHWR<DQLQD7KHDQVZHUNQRZQKHKDG
\LHOGHGWR$OEHUW
VZLVKWREHLQWURGXFHGWR+DLGHHDQG
DOORZHGWKHFRQYHUVDWLRQWRWXUQRQWKHGHDWKRI$OLDQG
KDGQRWRSSRVHG+DLGHH
VUHFLWDO EXWKDYLQJGRXEWOHVV
ZDUQHGWKH\RXQJJLUOLQWKHIHZ5RPDLFZRUGVKHVSRNHWR
KHUQRWWRLPSOLFDWH0RUFHUI
VIDWKHU %HVLGHVKDGKHQRW
EHJJHGRI0RUFHUIQRWWRPHQWLRQKLVIDWKHU
VQDPHEHIRUH
+DLGHH"/DVWO\KHKDGWDNHQ$OEHUWWR1RUPDQG\ZKHQKHNQHZ
WKHILQDOEORZZDVQHDU7KHUHFRXOGEHQRGRXEWWKDWDOO
KDGEHHQFDOFXODWHGDQGSUHYLRXVO\DUUDQJHG0RQWH&ULVWR
WKHQZDVLQOHDJXHZLWKKLVIDWKHU
VHQHPLHV$OEHUWWRRN
%HDXFKDPSDVLGHDQGFRPPXQLFDWHGWKHVHLGHDVWRKLP
<RXDUHULJKWVDLGWKHODWWHU0'DQJODUVKDVRQO\EHHQ
DVHFRQGDU\DJHQWLQWKLVVDGDIIDLUDQGLWLVRI0GH
0RQWH&ULVWRWKDW\RXPXVWGHPDQGDQH[SODQDWLRQ$OEHUW
WXUQHG6LUVDLGKHWR'DQJODUVXQGHUVWDQGWKDW,GR
QRWWDNHDILQDOOHDYHRI\RX,PXVWDVFHUWDLQLI\RXU
LQVLQXDWLRQVDUHMXVWDQGDPJRLQJQRZWRLQTXLUHRIWKH
&RXQWRI0RQWH&ULVWR+HERZHGWRWKHEDQNHUDQGZHQWRXW
ZLWK%HDXFKDPSZLWKRXWDSSHDULQJWRQRWLFH&DYDOFDQWL
'DQJODUVDFFRPSDQLHGKLPWRWKHGRRUZKHUHKHDJDLQDVVXUHG
$OEHUWWKDWQRPRWLYHRISHUVRQDOKDWUHGKDGLQIOXHQFHGKLP
DJDLQVWWKH&RXQWRI0RUFHUI

&KDSWHU
7KH,QVXOW
$WWKHEDQNHU
VGRRU%HDXFKDPSVWRSSHG0RUFHUI/LVWHQ
VDLGKHMXVWQRZ,WROG\RXLWZDVRI0GH0RQWH&ULVWR
\RXPXVWGHPDQGDQH[SODQDWLRQ
<HVDQGZHDUHJRLQJWRKLVKRXVH
5HIOHFW0RUFHUIRQHPRPHQWEHIRUH\RXJR
2QZKDWVKDOO,UHIOHFW"
2QWKHLPSRUWDQFHRIWKHVWHS\RXDUHWDNLQJ

1113

,VLWPRUHVHULRXVWKDQJRLQJWR0'DQJODUV"
<HV0'DQJODUVLVDPRQH\ORYHUDQGWKRVHZKRORYH
PRQH\\RXNQRZWKLQNWRRPXFKRIZKDWWKH\ULVNWREH
HDVLO\LQGXFHGWRILJKWDGXHO7KHRWKHULVRQWKH
FRQWUDU\WRDOODSSHDUDQFHDWUXHQREOHPDQEXWGR\RXQRW
IHDUWRILQGKLPDEXOO\"
,RQO\IHDURQHWKLQJQDPHO\WRILQGDPDQZKRZLOOQRW
ILJKW
'RQRWEHDODUPHGVDLG%HDXFKDPSKHZLOOPHHW\RX0\
RQO\IHDULVWKDWKHZLOOEHWRRVWURQJIRU\RX
0\IULHQGVDLG0RUFHUIZLWKDVZHHWVPLOHWKDWLVZKDW
,ZLVK7KHKDSSLHVWWKLQJWKDWFRXOGRFFXUWRPHZRXOGEH
WRGLHLQP\IDWKHU
VVWHDGWKDWZRXOGVDYHXVDOO
<RXUPRWKHUZRXOGGLHRIJULHI
0\SRRUPRWKHUVDLG$OEHUWSDVVLQJKLVKDQGDFURVVKLV
H\HV,NQRZVKHZRXOGEXWEHWWHUVRWKDQGLHRIVKDPH
$UH\RXTXLWHGHFLGHG$OEHUW"
<HVOHWXVJR
%XWGR\RXWKLQNZHVKDOOILQGWKHFRXQWDWKRPH"
+HLQWHQGHGUHWXUQLQJVRPHKRXUVDIWHUPHDQGGRXEWOHVVKH
LVQRZDWKRPH7KH\RUGHUHGWKHGULYHUWRWDNHWKHPWR1R
&KDPSV(O\VHHV%HDXFKDPSZLVKHGWRJRLQDORQHEXW
$OEHUWREVHUYHGWKDWDVWKLVZDVDQXQXVXDOFLUFXPVWDQFHKH
PLJKWEHDOORZHGWRGHYLDWHIURPWKHXVXDOHWLTXHWWHLQ
DIIDLUVRIKRQRU7KHFDXVHZKLFKWKH\RXQJPDQHVSRXVHGZDV
RQHVRVDFUHGWKDW%HDXFKDPSKDGRQO\WRFRPSO\ZLWKDOOKLV
ZLVKHVKH\LHOGHGDQGFRQWHQWHGKLPVHOIZLWKIROORZLQJ
0RUFHUI$OEHUWVSUDQJIURPWKHSRUWHU
VORGJHWRWKHVWHSV
+HZDVUHFHLYHGE\%DSWLVWLQ7KHFRXQWKDGLQGHHGMXVW
DUULYHGEXWKHZDVLQKLVEDWKDQGKDGIRUELGGHQWKDWDQ\
RQHVKRXOGEHDGPLWWHG%XWDIWHUKLVEDWK"DVNHG0RUFHUI
0\PDVWHUZLOOJRWRGLQQHU

1114

$QGDIWHUGLQQHU"
+HZLOOVOHHSDQKRXU
7KHQ"
+HLVJRLQJWRWKHRSHUD
$UH\RXVXUHRILW"DVNHG$OEHUW
4XLWHVLUP\PDVWHUKDVRUGHUHGKLVKRUVHVDWHLJKW
R
FORFNSUHFLVHO\
9HU\JRRGUHSOLHG$OEHUWWKDWLVDOO,ZLVKHGWRNQRZ
7KHQWXUQLQJWRZDUGV%HDXFKDPS,I\RXKDYHDQ\WKLQJWR
DWWHQGWR%HDXFKDPSGRLWGLUHFWO\LI\RXKDYHDQ\
DSSRLQWPHQWIRUWKLVHYHQLQJGHIHULWWLOOWRPRUURZ,
GHSHQGRQ\RXWRDFFRPSDQ\PHWRWKHRSHUDDQGLI\RXFDQ
EULQJ&KDWHDX5HQDXGZLWK\RX
%HDXFKDPSDYDLOHGKLPVHOIRI$OEHUW
VSHUPLVVLRQDQGOHIW
KLPSURPLVLQJWRFDOOIRUKLPDWDTXDUWHUEHIRUHHLJKW2Q
KLVUHWXUQKRPH$OEHUWH[SUHVVHGKLVZLVKWR)UDQ]'HEUD\
DQG0RUUHOWRVHHWKHPDWWKHRSHUDWKDWHYHQLQJ7KHQKH
ZHQWWRVHHKLVPRWKHUZKRVLQFHWKHHYHQWVRIWKHGD\
EHIRUHKDGUHIXVHGWRVHHDQ\RQHDQGKDGNHSWKHUURRP+H
IRXQGKHULQEHGRYHUZKHOPHGZLWKJULHIDWWKLVSXEOLF
KXPLOLDWLRQ7KHVLJKWRI$OEHUWSURGXFHGWKHHIIHFWZKLFK
PLJKWQDWXUDOO\EHH[SHFWHGRQ0HUFHGHVVKHSUHVVHGKHU
VRQ
VKDQGDQGVREEHGDORXGEXWKHUWHDUVUHOLHYHGKHU
$OEHUWVWRRGRQHPRPHQWVSHHFKOHVVE\WKHVLGHRIKLV
PRWKHU
VEHG,WZDVHYLGHQWIURPKLVSDOHIDFHDQGNQLW
EURZVWKDWKLVUHVROXWLRQWRUHYHQJHKLPVHOIZDVJURZLQJ
ZHDNHU0\GHDUPRWKHUVDLGKHGR\RXNQRZLI0GH
0RUFHUIKDVDQ\HQHP\"0HUFHGHVVWDUWHGVKHQRWLFHGWKDW
WKH\RXQJPDQGLGQRWVD\P\IDWKHU0\VRQVKHVDLG
SHUVRQVLQWKHFRXQW
VVLWXDWLRQKDYHPDQ\VHFUHWHQHPLHV
7KRVHZKRDUHNQRZQDUHQRWWKHPRVWGDQJHURXV
,NQRZLWDQGDSSHDOWR\RXUSHQHWUDWLRQ<RXDUHRIVR
VXSHULRUDPLQGQRWKLQJHVFDSHV\RX
:K\GR\RXVD\VR"

1115

%HFDXVHIRULQVWDQFH\RXQRWLFHGRQWKHHYHQLQJRIWKH
EDOOZHJDYHWKDW0GH0RQWH&ULVWRZRXOGHDWQRWKLQJLQ
RXUKRXVH0HUFHGHVUDLVHGKHUVHOIRQKHUIHYHULVKDUP0
GH0RQWH&ULVWRVKHH[FODLPHGDQGKRZLVKHFRQQHFWHG
ZLWKWKHTXHVWLRQ\RXDVNHGPH"
<RXNQRZPRWKHU0GH0RQWH&ULVWRLVDOPRVWDQ2ULHQWDO
DQGLWLVFXVWRPDU\ZLWKWKH2ULHQWDOVWRVHFXUHIXOO
OLEHUW\IRUUHYHQJHE\QRWHDWLQJRUGULQNLQJLQWKHKRXVHV
RIWKHLUHQHPLHV
'R\RXVD\0GH0RQWH&ULVWRLVRXUHQHP\"UHSOLHG
0HUFHGHVEHFRPLQJSDOHUWKDQWKHVKHHWZKLFKFRYHUHGKHU
:KRWROG\RXVR":K\\RXDUHPDG$OEHUW0GH0RQWH
&ULVWRKDVRQO\VKRZQXVNLQGQHVV0GH0RQWH&ULVWRVDYHG
\RXUOLIH\RX\RXUVHOISUHVHQWHGKLPWRXV2K,HQWUHDW
\RXP\VRQLI\RXKDGHQWHUWDLQHGVXFKDQLGHDGLVSHOLW
DQGP\FRXQVHOWR\RXQD\P\SUD\HULVWRUHWDLQKLV
IULHQGVKLS
0RWKHUUHSOLHGWKH\RXQJPDQ\RXKDYHHVSHFLDOUHDVRQV
IRUWHOOLQJPHWRFRQFLOLDWHWKDWPDQ
,"VDLG0HUFHGHVEOXVKLQJDVUDSLGO\DVVKHKDGWXUQHG
SDOHDQGDJDLQEHFRPLQJSDOHUWKDQHYHU
<HVGRXEWOHVVDQGLVLWQRWWKDWKHPD\QHYHUGRXVDQ\
KDUP"0HUFHGHVVKXGGHUHGDQGIL[LQJRQKHUVRQD
VFUXWLQL]LQJJD]H<RXVSHDNVWUDQJHO\VDLGVKHWR
$OEHUWDQG\RXDSSHDUWRKDYHVRPHVLQJXODUSUHMXGLFHV
:KDWKDVWKHFRXQWGRQH"7KUHHGD\VVLQFH\RXZHUHZLWKKLP
LQ1RUPDQG\RQO\WKUHHGD\VVLQFHZHORRNHGRQKLPDVRXU
EHVWIULHQG
$QLURQLFDOVPLOHSDVVHGRYHU$OEHUW
VOLSV0HUFHGHVVDZLW
DQGZLWKWKHGRXEOHLQVWLQFWRIZRPDQDQGPRWKHUJXHVVHG
DOOEXWDVVKHZDVSUXGHQWDQGVWURQJPLQGHGVKHFRQFHDOHG
ERWKKHUVRUURZVDQGKHUIHDUV$OEHUWZDVVLOHQWDQ
LQVWDQWDIWHUWKHFRXQWHVVUHVXPHG<RXFDPHWRLQTXLUH
DIWHUP\KHDOWK,ZLOOFDQGLGO\DFNQRZOHGJHWKDW,DPQRW
ZHOO<RXVKRXOGLQVWDOO\RXUVHOIKHUHDQGFKHHUP\
VROLWXGH,GRQRWZLVKWREHOHIWDORQH

1116

0RWKHUVDLGWKH\RXQJPDQ\RXNQRZKRZJODGO\,ZRXOG
REH\\RXUZLVKEXWDQXUJHQWDQGLPSRUWDQWDIIDLUREOLJHV
PHWROHDYH\RXIRUWKHZKROHHYHQLQJ
:HOOUHSOLHG0HUFHGHVVLJKLQJJR$OEHUW,ZLOOQRW
PDNH\RXDVODYHWR\RXUILOLDOSLHW\$OEHUWSUHWHQGHGKH
GLGQRWKHDUERZHGWRKLVPRWKHUDQGTXLWWHGKHU6FDUFHO\
KDGKHVKXWKHUGRRUZKHQ0HUFHGHVFDOOHGDFRQILGHQWLDO
VHUYDQWDQGRUGHUHGKLPWRIROORZ$OEHUWZKHUHYHUKHVKRXOG
JRWKDWHYHQLQJDQGWRFRPHDQGWHOOKHULPPHGLDWHO\ZKDW
KHREVHUYHG7KHQVKHUDQJIRUKHUODG\
VPDLGDQGZHDNDV
VKHZDVVKHGUHVVHGLQRUGHUWREHUHDG\IRUZKDWHYHU
PLJKWKDSSHQ7KHIRRWPDQ
VPLVVLRQZDVDQHDV\RQH$OEHUW
ZHQWWRKLVURRPDQGGUHVVHGZLWKXQXVXDOFDUH$WWHQ
PLQXWHVWRHLJKW%HDXFKDPSDUULYHGKHKDGVHHQ
&KDWHDX5HQDXGZKRKDGSURPLVHGWREHLQWKHRUFKHVWUD
EHIRUHWKHFXUWDLQZDVUDLVHG%RWKJRWLQWR$OEHUW
VFRXSH
DQGDVWKH\RXQJPDQKDGQRUHDVRQWRFRQFHDOZKHUHKHZDV
JRLQJKHFDOOHGDORXG7RWKHRSHUD,QKLVLPSDWLHQFHKH
DUULYHGEHIRUHWKHEHJLQQLQJRIWKHSHUIRUPDQFH
&KDWHDX5HQDXGZDVDWKLVSRVWDSSULVHGE\%HDXFKDPSRIWKH
FLUFXPVWDQFHVKHUHTXLUHGQRH[SODQDWLRQIURP$OEHUW7KH
FRQGXFWRIWKHVRQLQVHHNLQJWRDYHQJHKLVIDWKHUZDVVR
QDWXUDOWKDW&KDWHDX5HQDXGGLGQRWVHHNWRGLVVXDGHKLP
DQGZDVFRQWHQWZLWKUHQHZLQJKLVDVVXUDQFHVRIGHYRWLRQ
'HEUD\ZDVQRW\HWFRPHEXW$OEHUWNQHZWKDWKHVHOGRPORVW
DVFHQHDWWKHRSHUD$OEHUWZDQGHUHGDERXWWKHWKHDWUH
XQWLOWKHFXUWDLQZDVGUDZQXS+HKRSHGWRPHHWZLWK0GH
0RQWH&ULVWRHLWKHULQWKHOREE\RURQWKHVWDLUV7KHEHOO
VXPPRQHGKLPWRKLVVHDWDQGKHHQWHUHGWKHRUFKHVWUDZLWK
&KDWHDX5HQDXGDQG%HDXFKDPS%XWKLVH\HVVFDUFHO\TXLWWHG
WKHER[EHWZHHQWKHFROXPQVZKLFKUHPDLQHGREVWLQDWHO\
FORVHGGXULQJWKHZKROHRIWKHILUVWDFW$WODVWDV$OEHUW
ZDVORRNLQJDWKLVZDWFKIRUDERXWWKHKXQGUHGWKWLPHDW
WKHEHJLQQLQJRIWKHVHFRQGDFWWKHGRRURSHQHGDQG0RQWH
&ULVWRHQWHUHGGUHVVHGLQEODFNDQGOHDQLQJRYHUWKH
IURQWRIWKHER[ORRNHGDURXQGWKHSLW0RUUHOIROORZHG
KLPDQGORRNHGDOVRIRUKLVVLVWHUDQGEURWKHULQODZKH
VRRQGLVFRYHUHGWKHPLQDQRWKHUER[DQGNLVVHGKLVKDQGWR
WKHP
7KHFRXQWLQKLVVXUYH\RIWKHSLWHQFRXQWHUHGDSDOHIDFH
DQGWKUHDWHQLQJH\HVZKLFKHYLGHQWO\VRXJKWWRJDLQKLV

1117

DWWHQWLRQ+HUHFRJQL]HG$OEHUWEXWWKRXJKWLWEHWWHUQRW
WRQRWLFHKLPDVKHORRNHGVRDQJU\DQGGLVFRPSRVHG
:LWKRXWFRPPXQLFDWLQJKLVWKRXJKWVWRKLVFRPSDQLRQKHVDW
GRZQGUHZRXWKLVRSHUDJODVVDQGORRNHGDQRWKHUZD\
$OWKRXJKDSSDUHQWO\QRWQRWLFLQJ$OEHUWKHGLGQRW
KRZHYHUORVHVLJKWRIKLPDQGZKHQWKHFXUWDLQIHOODWWKH
HQGRIWKHVHFRQGDFWKHVDZKLPOHDYHWKHRUFKHVWUDZLWK
KLVWZRIULHQGV7KHQKLVKHDGZDVVHHQSDVVLQJDWWKHEDFN
RIWKHER[HVDQGWKHFRXQWNQHZWKDWWKHDSSURDFKLQJVWRUP
ZDVLQWHQGHGWRIDOORQKLP+HZDVDWWKHPRPHQWFRQYHUVLQJ
FKHHUIXOO\ZLWK0RUUHOEXWKHZDVZHOOSUHSDUHGIRUZKDW
PLJKWKDSSHQ7KHGRRURSHQHGDQG0RQWH&ULVWRWXUQLQJ
URXQGVDZ$OEHUWSDOHDQGWUHPEOLQJIROORZHGE\%HDXFKDPS
DQG&KDWHDX5HQDXG
:HOOFULHGKHZLWKWKDWEHQHYROHQWSROLWHQHVVZKLFK
GLVWLQJXLVKHGKLVVDOXWDWLRQIURPWKHFRPPRQFLYLOLWLHVRI
WKHZRUOGP\FDYDOLHUKDVDWWDLQHGKLVREMHFW
*RRGHYHQLQJ0GH0RUFHUI7KHFRXQWHQDQFHRIWKLVPDQ
ZKRSRVVHVVHGVXFKH[WUDRUGLQDU\FRQWURORYHUKLVIHHOLQJV
H[SUHVVHGWKHPRVWSHUIHFWFRUGLDOLW\0RUUHORQO\WKHQ
UHFROOHFWHGWKHOHWWHUKHKDGUHFHLYHGIURPWKHYLVFRXQWLQ
ZKLFKZLWKRXWDVVLJQLQJDQ\UHDVRQKHEHJJHGKLPWRJRWR
WKHRSHUDEXWKHXQGHUVWRRGWKDWVRPHWKLQJWHUULEOHZDV
EURRGLQJ
:HDUHQRWFRPHKHUHVLUWRH[FKDQJHK\SRFULWLFDO
H[SUHVVLRQVRISROLWHQHVVRUIDOVHSURIHVVLRQVRI
IULHQGVKLSVDLG$OEHUWEXWWRGHPDQGDQH[SODQDWLRQ
7KH\RXQJPDQ
VWUHPEOLQJYRLFHZDVVFDUFHO\DXGLEOH$Q
H[SODQDWLRQDWWKHRSHUD"VDLGWKHFRXQWZLWKWKDWFDOP
WRQHDQGSHQHWUDWLQJH\HZKLFKFKDUDFWHUL]HWKHPDQZKR
NQRZVKLVFDXVHLVJRRG/LWWOHDFTXDLQWHGDV,DPZLWKWKH
KDELWVRI3DULVLDQV,VKRXOGQRWKDYHWKRXJKWWKLVWKH
SODFHIRUVXFKDGHPDQG
6WLOOLISHRSOHZLOOVKXWWKHPVHOYHVXSVDLG$OEHUW
DQGFDQQRWEHVHHQEHFDXVHWKH\DUHEDWKLQJGLQLQJRU
DVOHHSZHPXVWDYDLORXUVHOYHVRIWKHRSSRUWXQLW\ZKHQHYHU
WKH\DUHWREHVHHQ
,DPQRWGLIILFXOWRIDFFHVVVLUIRU\HVWHUGD\LIP\
PHPRU\GRHVQRWGHFHLYHPH\RXZHUHDWP\KRXVH

1118

<HVWHUGD\,ZDVDW\RXUKRXVHVLUVDLGWKH\RXQJPDQ
EHFDXVHWKHQ,NQHZQRWZKR\RXZHUH,QSURQRXQFLQJWKHVH
ZRUGV$OEHUWKDGUDLVHGKLVYRLFHVRDVWREHKHDUGE\WKRVH
LQWKHDGMRLQLQJER[HVDQGLQWKHOREE\7KXVWKHDWWHQWLRQ
RIPDQ\ZDVDWWUDFWHGE\WKLVDOWHUFDWLRQ:KHUHDUH\RX
FRPHIURPVLU"<RXGRQRWDSSHDUWREHLQWKHSRVVHVVLRQRI
\RXUVHQVHV
3URYLGHG,XQGHUVWDQG\RXUSHUILG\VLUDQGVXFFHHGLQ
PDNLQJ\RXXQGHUVWDQGWKDW,ZLOOEHUHYHQJHG,VKDOOEH
UHDVRQDEOHHQRXJKVDLG$OEHUWIXULRXVO\
,GRQRWXQGHUVWDQG\RXVLUUHSOLHG0RQWH&ULVWRDQG
LI,GLG\RXUWRQHLVWRRKLJK,DPDWKRPHKHUHDQG,
DORQHKDYHDULJKWWRUDLVHP\YRLFHDERYHDQRWKHU
V/HDYH
WKHER[VLU0RQWH&ULVWRSRLQWHGWRZDUGVWKHGRRUZLWK
WKHPRVWFRPPDQGLQJGLJQLW\$K,VKDOONQRZKRZWRPDNH
\RXOHDYH\RXUKRPHUHSOLHG$OEHUWFODVSLQJLQKLV
FRQYXOVHGJUDVSWKHJORYHZKLFK0RQWH&ULVWRGLGQRWORVH
VLJKWRI
:HOOZHOOVDLG0RQWH&ULVWRTXLHWO\,VHH\RXZLVKWR
TXDUUHOZLWKPHEXW,ZRXOGJLYH\RXRQHSLHFHRIDGYLFH
ZKLFK\RXZLOOGRZHOOWRNHHSLQPLQG,WLVLQSRRUWDVWH
WRPDNHDGLVSOD\RIDFKDOOHQJH'LVSOD\LVQRWEHFRPLQJWR
HYHU\RQH0GH0RUFHUI
$WWKLVQDPHDPXUPXURIDVWRQLVKPHQWSDVVHGDURXQGWKH
JURXSRIVSHFWDWRUVRIWKLVVFHQH7KH\KDGWDONHGRIQRRQH
EXW0RUFHUIWKHZKROHGD\$OEHUWXQGHUVWRRGWKHDOOXVLRQLQ
DPRPHQWDQGZDVDERXWWRWKURZKLVJORYHDWWKHFRXQW
ZKHQ0RUUHOVHL]HGKLVKDQGZKLOH%HDXFKDPSDQG
&KDWHDX5HQDXGIHDULQJWKHVFHQHZRXOGVXUSDVVWKHOLPLWV
RIDFKDOOHQJHKHOGKLPEDFN%XW0RQWH&ULVWRZLWKRXW
ULVLQJDQGOHDQLQJIRUZDUGLQKLVFKDLUPHUHO\VWUHWFKHG
RXWKLVDUPDQGWDNLQJWKHGDPSFUXVKHGJORYHIURPWKH
FOLQFKHGKDQGRIWKH\RXQJPDQ6LUVDLGKHLQDVROHPQ
WRQH,FRQVLGHU\RXUJORYHWKURZQDQGZLOOUHWXUQLWWR
\RXZUDSSHGDURXQGDEXOOHW1RZOHDYHPHRU,ZLOOVXPPRQ
P\VHUYDQWVWRWKURZ\RXRXWDWWKHGRRU
:LOGDOPRVWXQFRQVFLRXVDQGZLWKH\HVLQIODPHG$OEHUW
VWHSSHGEDFNDQG0RUUHOFORVHGWKHGRRU0RQWH&ULVWRWRRN
XSKLVJODVVDJDLQDVLIQRWKLQJKDGKDSSHQHGKLVIDFHZDV

1119

OLNHPDUEOHDQGKLVKHDUWZDVOLNHEURQ]H0RUUHO
ZKLVSHUHG:KDWKDYH\RXGRQHWRKLP"
,"1RWKLQJDWOHDVWSHUVRQDOO\VDLG0RQWH&ULVWR
%XWWKHUHPXVWEHVRPHFDXVHIRUWKLVVWUDQJHVFHQH
7KH&RXQWRI0RUFHUI
VDGYHQWXUHH[DVSHUDWHVWKH\RXQJ
PDQ
+DYH\RXDQ\WKLQJWRGRZLWKLW"
,WZDVWKURXJK+DLGHHWKDWWKH&KDPEHUZDVLQIRUPHGRIKLV
IDWKHU
VWUHDVRQ
,QGHHG"VDLG0RUUHO,KDGEHHQWROGEXWZRXOGQRW
FUHGLWLWWKDWWKH*UHFLDQVODYH,KDYHVHHQZLWK\RXKHUH
LQWKLVYHU\ER[ZDVWKHGDXJKWHURI$OL3DVKD
,WLVWUXHQHYHUWKHOHVV
7KHQVDLG0RUUHO,XQGHUVWDQGLWDOODQGWKLVVFHQH
ZDVSUHPHGLWDWHG
+RZVR"
<HV$OEHUWZURWHWRUHTXHVWPHWRFRPHWRWKHRSHUD
GRXEWOHVVWKDW,PLJKWEHDZLWQHVVWRWKHLQVXOWKHPHDQW
WRRIIHU\RX
3UREDEO\VDLG0RQWH&ULVWRZLWKKLVLPSHUWXUEDEOH
WUDQTXLOOLW\
%XWZKDWVKDOO\RXGRZLWKKLP"
:LWKZKRP"
:LWK$OEHUW
:KDWVKDOO,GRZLWK$OEHUW"$VFHUWDLQO\0D[LPLOLDQDV,
QRZSUHVV\RXUKDQG,VKDOONLOOKLPEHIRUHWHQR
FORFN
WRPRUURZPRUQLQJ0RUUHOLQKLVWXUQWRRN0RQWH&ULVWR
V
KDQGLQERWKRIKLVDQGKHVKXGGHUHGWRIHHOKRZFROGDQG
VWHDG\LWZDV

1120

$K&RXQWVDLGKHKLVIDWKHUORYHVKLPVRPXFK
'RQRWVSHDNWRPHRIWKDWVDLG0RQWH&ULVWRZLWKWKH
ILUVWPRYHPHQWRIDQJHUKHKDGEHWUD\HG,ZLOOPDNHKLP
VXIIHU0RUUHODPD]HGOHWIDOO0RQWH&ULVWR
VKDQG
&RXQWFRXQWVDLGKH
'HDU0D[LPLOLDQLQWHUUXSWHGWKHFRXQWOLVWHQKRZ
DGRUDEO\'XSUH]LVVLQJLQJWKDWOLQH
C20DWKLOGHLGROHGHPRQDPH

,ZDVWKHILUVWWRGLVFRYHU'XSUH]DW1DSOHVDQGWKHILUVW
WRDSSODXGKLP%UDYREUDYR0RUUHOVDZLWZDVXVHOHVVWR
VD\PRUHDQGUHIUDLQHG7KHFXUWDLQZKLFKKDGULVHQDWWKH
FORVHRIWKHVFHQHZLWK$OEHUWDJDLQIHOODQGDUDSZDV
KHDUGDWWKHGRRU
&RPHLQVDLG0RQWH&ULVWRZLWKDYRLFHWKDWEHWUD\HGQRW
WKHOHDVWHPRWLRQDQGLPPHGLDWHO\%HDXFKDPSDSSHDUHG
*RRGHYHQLQJ0%HDXFKDPSVDLG0RQWH&ULVWRDVLIWKLV
ZDVWKHILUVWWLPHKHKDGVHHQWKHMRXUQDOLVWWKDWHYHQLQJ
EHVHDWHG
%HDXFKDPSERZHGDQGVLWWLQJGRZQ6LUVDLGKH,MXVW
QRZDFFRPSDQLHG0GH0RUFHUIDV\RXVDZ
$QGWKDWPHDQVUHSOLHG0RQWH&ULVWRODXJKLQJWKDW\RX
KDGSUREDEO\MXVWGLQHGWRJHWKHU,DPKDSS\WRVHH0
%HDXFKDPSWKDW\RXDUHPRUHVREHUWKDQKHZDV
6LUVDLG0%HDXFKDPS$OEHUWZDVZURQJ,DFNQRZOHGJH
WREHWUD\VRPXFKDQJHUDQG,FRPHRQP\RZQDFFRXQWWR
DSRORJL]HIRUKLP$QGKDYLQJGRQHVRHQWLUHO\RQP\RZQ
DFFRXQWEHLWXQGHUVWRRG,ZRXOGDGGWKDW,EHOLHYH\RX
WRRJHQWOHPDQO\WRUHIXVHJLYLQJKLPVRPHH[SODQDWLRQ
FRQFHUQLQJ\RXUFRQQHFWLRQZLWK<DQLQD7KHQ,ZLOODGGWZR
ZRUGVDERXWWKH\RXQJ*UHHNJLUO0RQWH&ULVWRPRWLRQHGKLP
WREHVLOHQW&RPHVDLGKHODXJKLQJWKHUHDUHDOOP\
KRSHVDERXWWREHGHVWUR\HG
+RZVR"DVNHG%HDXFKDPS

1121

'RXEWOHVV\RXZLVKWRPDNHPHDSSHDUDYHU\HFFHQWULF
FKDUDFWHU,DPLQ\RXURSLQLRQD/DUDD0DQIUHGD/RUG
5XWKYHQWKHQMXVWDV,DPDUULYLQJDWWKHFOLPD[\RX
GHIHDW\RXURZQHQGDQGVHHNWRPDNHDQRUGLQDU\PDQRIPH
<RXEULQJPHGRZQWR\RXURZQOHYHODQGGHPDQG
H[SODQDWLRQV,QGHHG0%HDXFKDPSLWLVTXLWHODXJKDEOH
<HWUHSOLHG%HDXFKDPSKDXJKWLO\WKHUHDUHRFFDVLRQV
ZKHQSURELW\FRPPDQGV
0%HDXFKDPSLQWHUSRVHGWKLVVWUDQJHPDQWKH&RXQWRI
0RQWH&ULVWRERZVWRQRQHEXWWKH&RXQWRI0RQWH&ULVWR
KLPVHOI6D\QRPRUH,HQWUHDW\RX,GRZKDW,SOHDVH0
%HDXFKDPSDQGLWLVDOZD\VZHOOGRQH
6LUUHSOLHGWKH\RXQJPDQKRQHVWPHQDUHQRWWREHSDLG
ZLWKVXFKFRLQ,UHTXLUHKRQRUDEOHJXDUDQWLHV
,DPVLUDOLYLQJJXDUDQW\UHSOLHG0RQWH&ULVWR
PRWLRQOHVVEXWZLWKDWKUHDWHQLQJORRNZHKDYHERWKEORRG
LQRXUYHLQVZKLFKZHZLVKWRVKHGWKDWLVRXUPXWXDO
JXDUDQW\7HOOWKHYLVFRXQWVRDQGWKDWWRPRUURZEHIRUH
WHQR
FORFN,VKDOOVHHZKDWFRORUKLVLV
7KHQ,KDYHRQO\WRPDNHDUUDQJHPHQWVIRUWKHGXHOVDLG
%HDXFKDPS
,WLVTXLWHLPPDWHULDOWRPHVDLG0RQWH&ULVWRDQGLW
ZDVYHU\XQQHFHVVDU\WRGLVWXUEPHDWWKHRSHUDIRUVXFKD
WULIOH,Q)UDQFHSHRSOHILJKWZLWKWKHVZRUGRUSLVWROLQ
WKHFRORQLHVZLWKWKHFDUELQHLQ$UDELDZLWKWKHGDJJHU
7HOO\RXUFOLHQWWKDWDOWKRXJK,DPWKHLQVXOWHGSDUW\LQ
RUGHUWRFDUU\RXWP\HFFHQWULFLW\,OHDYHKLPWKHFKRLFH
RIDUPVDQGZLOODFFHSWZLWKRXWGLVFXVVLRQZLWKRXW
GLVSXWHDQ\WKLQJHYHQFRPEDWE\GUDZLQJORWVZKLFKLV
DOZD\VVWXSLGEXWZLWKPHGLIIHUHQWIURPRWKHUSHRSOHDV,
DPVXUHWRJDLQ
6XUHWRJDLQUHSHDWHG%HDXFKDPSORRNLQJZLWKDPD]HPHQW
DWWKHFRXQW
&HUWDLQO\VDLG0RQWH&ULVWRVOLJKWO\VKUXJJLQJKLV
VKRXOGHUVRWKHUZLVH,ZRXOGQRWILJKWZLWK0GH0RUFHUI
,VKDOONLOOKLP,FDQQRWKHOSLW2QO\E\DVLQJOHOLQH

1122

WKLVHYHQLQJDWP\KRXVHOHWPHNQRZWKHDUPVDQGWKHKRXU
,GRQRWOLNHWREHNHSWZDLWLQJ
3LVWROVWKHQDWHLJKWR
FORFNLQWKH%RLVGH9LQFHQQHV
VDLG%HDXFKDPSTXLWHGLVFRQFHUWHGQRWNQRZLQJLIKHZDV
GHDOLQJZLWKDQDUURJDQWEUDJJDGRFLRRUDVXSHUQDWXUDO
EHLQJ
9HU\ZHOOVLUVDLG0RQWH&ULVWR1RZDOOWKDWLV
VHWWOHGGROHWPHVHHWKHSHUIRUPDQFHDQGWHOO\RXUIULHQG
$OEHUWQRWWRFRPHDQ\PRUHWKLVHYHQLQJKHZLOOKXUW
KLPVHOIZLWKDOOKLVLOOFKRVHQEDUEDULVPVOHWKLPJRKRPH
DQGJRWRVOHHS%HDXFKDPSOHIWWKHER[SHUIHFWO\DPD]HG
1RZVDLG0RQWH&ULVWRWXUQLQJWRZDUGV0RUUHO,PD\
GHSHQGXSRQ\RXPD\,QRW"
&HUWDLQO\VDLG0RUUHO,DPDW\RXUVHUYLFHFRXQW
VWLOO
:KDW"
,WLVGHVLUDEOH,VKRXOGNQRZWKHUHDOFDXVH
7KDWLVWRVD\\RXZRXOGUDWKHUQRW"
1R
7KH\RXQJPDQKLPVHOILVDFWLQJEOLQGIROGHGDQGNQRZVQRW
WKHWUXHFDXVHZKLFKLVNQRZQRQO\WR*RGDQGWRPHEXW,
JLYH\RXP\ZRUG0RUUHOWKDW*RGZKRGRHVNQRZLWZLOO
EHRQRXUVLGH
(QRXJKVDLG0RUUHOZKRLV\RXUVHFRQGZLWQHVV"
,NQRZQRRQHLQ3DULV0RUUHORQZKRP,FRXOGFRQIHUWKDW
KRQRUEHVLGHV\RXDQG\RXUEURWKHU(PPDQXHO'R\RXWKLQN
(PPDQXHOZRXOGREOLJHPH"
,ZLOODQVZHUIRUKLPFRXQW
:HOO"WKDWLVDOO,UHTXLUH7RPRUURZPRUQLQJDWVHYHQ
R
FORFN\RXZLOOEHZLWKPHZLOO\RXQRW"
:HZLOO

1123

+XVKWKHFXUWDLQLVULVLQJ/LVWHQ,QHYHUORVHDQRWHRI
WKLVRSHUDLI,FDQDYRLGLWWKHPXVLFRI:LOOLDP7HOOLV
VRVZHHW

&KDSWHU
$1RFWXUQDO,QWHUYLHZ
0RQWH&ULVWRZDLWHGDFFRUGLQJWRKLVXVXDOFXVWRPXQWLO
'XSUH]KDGVXQJKLVIDPRXV6XLYH]PRLWKHQKHURVHDQG
ZHQWRXW0RUUHOWRRNOHDYHRIKLPDWWKHGRRUUHQHZLQJKLV
SURPLVHWREHZLWKKLPWKHQH[WPRUQLQJDWVHYHQR
FORFN
DQGWREULQJ(PPDQXHO7KHQKHVWHSSHGLQWRKLVFRXSHFDOP
DQGVPLOLQJDQGZDVDWKRPHLQILYHPLQXWHV1RRQHZKR
NQHZWKHFRXQWFRXOGPLVWDNHKLVH[SUHVVLRQZKHQRQ
HQWHULQJKHVDLG$OLEULQJPHP\SLVWROVZLWKWKHLYRU\
FURVV
$OLEURXJKWWKHER[WRKLVPDVWHUZKRH[DPLQHGWKHZHDSRQV
ZLWKDVROLFLWXGHYHU\QDWXUDOWRDPDQZKRLVDERXWWR
LQWUXVWKLVOLIHWRDOLWWOHSRZGHUDQGVKRW7KHVHZHUH
SLVWROVRIDQHVSHFLDOSDWWHUQZKLFK0RQWH&ULVWRKDGKDG
PDGHIRUWDUJHWSUDFWLFHLQKLVRZQURRP$FDSZDV
VXIILFLHQWWRGULYHRXWWKHEXOOHWDQGIURPWKHDGMRLQLQJ
URRPQRRQHZRXOGKDYHVXVSHFWHGWKDWWKHFRXQWZDVDV
VSRUWVPHQZRXOGVD\NHHSLQJKLVKDQGLQ+HZDVMXVWWDNLQJ
RQHXSDQGORRNLQJIRUWKHSRLQWWRDLPDWRQDOLWWOHLURQ
SODWHZKLFKVHUYHGKLPDVDWDUJHWZKHQKLVVWXG\GRRU
RSHQHGDQG%DSWLVWLQHQWHUHG%HIRUHKHKDGVSRNHQDZRUG
WKHFRXQWVDZLQWKHQH[WURRPDYHLOHGZRPDQZKRKDG
IROORZHGFORVHO\DIWHU%DSWLVWLQDQGQRZVHHLQJWKHFRXQW
ZLWKDSLVWROLQKLVKDQGDQGVZRUGVRQWKHWDEOHUXVKHG
LQ%DSWLVWLQORRNHGDWKLVPDVWHUZKRPDGHDVLJQWRKLP
DQGKHZHQWRXWFORVLQJWKHGRRUDIWHUKLP:KRDUH\RX
PDGDPH"VDLGWKHFRXQWWRWKHYHLOHGZRPDQ
7KHVWUDQJHUFDVWRQHORRNDURXQGKHUWREHFHUWDLQWKDW
WKH\ZHUHTXLWHDORQHWKHQEHQGLQJDVLIVKHZRXOGKDYH
NQHOWDQGMRLQLQJKHUKDQGVVKHVDLGZLWKDQDFFHQWRI
GHVSDLU(GPRQG\RXZLOOQRWNLOOP\VRQ"7KHFRXQW
UHWUHDWHGDVWHSXWWHUHGDVOLJKWH[FODPDWLRQDQGOHWIDOO
WKHSLVWROKHKHOG:KDWQDPHGLG\RXSURQRXQFHWKHQ

1124

0DGDPHGH0RUFHUI"VDLGKH<RXUVFULHGVKHWKURZLQJ
EDFNKHUYHLO\RXUVZKLFK,DORQHSHUKDSVKDYHQRW
IRUJRWWHQ(GPRQGLWLVQRW0DGDPHGH0RUFHUIZKRLVFRPH
WR\RXLWLV0HUFHGHV
0HUFHGHVLVGHDGPDGDPHVDLG0RQWH&ULVWR,NQRZQR
RQHQRZRIWKDWQDPH
0HUFHGHVOLYHVVLUDQGVKHUHPHPEHUVIRUVKHDORQH
UHFRJQL]HG\RXZKHQVKHVDZ\RXDQGHYHQEHIRUHVKHVDZ
\RXE\\RXUYRLFH(GPRQGE\WKHVLPSOHVRXQGRI\RXU
YRLFHDQGIURPWKDWPRPHQWVKHKDVIROORZHG\RXUVWHSV
ZDWFKHG\RXIHDUHG\RXDQGVKHQHHGVQRWWRLQTXLUHZKDW
KDQGKDVGHDOWWKHEORZZKLFKQRZVWULNHV0GH0RUFHUI
)HUQDQGGR\RXPHDQ"UHSOLHG0RQWH&ULVWRZLWKELWWHU
LURQ\VLQFHZHDUHUHFDOOLQJQDPHVOHWXVUHPHPEHUWKHP
DOO0RQWH&ULVWRKDGSURQRXQFHGWKHQDPHRI)HUQDQGZLWK
VXFKDQH[SUHVVLRQRIKDWUHGWKDW0HUFHGHVIHOWDWKULOORI
KRUURUUXQWKURXJKHYHU\YHLQ<RXVHH(GPRQG,DPQRW
PLVWDNHQDQGKDYHFDXVHWRVD\C6SDUHP\VRQ

$QGZKRWROG\RXPDGDPHWKDW,KDYHDQ\KRVWLOH
LQWHQWLRQVDJDLQVW\RXUVRQ"
1RRQHLQWUXWKEXWDPRWKHUKDVWZRIROGVLJKW,JXHVVHG
DOO,IROORZHGKLPWKLVHYHQLQJWRWKHRSHUDDQG
FRQFHDOHGLQDSDUTXHWER[KDYHVHHQDOO
,I\RXKDYHVHHQDOOPDGDPH\RXNQRZWKDWWKHVRQRI
)HUQDQGKDVSXEOLFO\LQVXOWHGPHVDLG0RQWH&ULVWRZLWK
DZIXOFDOPQHVV
2KIRUSLW\
VVDNH
<RXKDYHVHHQWKDWKHZRXOGKDYHWKURZQKLVJORYHLQP\
IDFHLI0RUUHORQHRIP\IULHQGVKDGQRWVWRSSHGKLP
/LVWHQWRPHP\VRQKDVDOVRJXHVVHGZKR\RXDUHKH
DWWULEXWHVKLVIDWKHU
VPLVIRUWXQHVWR\RX
0DGDPH\RXDUHPLVWDNHQWKH\DUHQRWPLVIRUWXQHVLW
LVDSXQLVKPHQW,WLVQRW,ZKRVWULNH0GH0RUFHUILWLV
SURYLGHQFHZKLFKSXQLVKHVKLP

1125

$QGZK\GR\RXUHSUHVHQWSURYLGHQFH"FULHG0HUFHGHV:K\
GR\RXUHPHPEHUZKHQLWIRUJHWV":KDWDUH<DQLQDDQGLWV
YL]LHUWR\RX(GPRQG":KDWLQMXU\KLV)HUQDQG0RQGHJRGRQH
\RXLQEHWUD\LQJ$OL7HSHOLQL"
$KPDGDPHUHSOLHG0RQWH&ULVWRDOOWKLVLVDQDIIDLU
EHWZHHQWKH)UHQFKFDSWDLQDQGWKHGDXJKWHURI9DVLOLNL,W
GRHVQRWFRQFHUQPH\RXDUHULJKWDQGLI,KDYHVZRUQWR
UHYHQJHP\VHOILWLVQRWRQWKH)UHQFKFDSWDLQRUWKH
&RXQWRI0RUFHUIEXWRQWKHILVKHUPDQ)HUQDQGWKHKXVEDQG
RI0HUFHGHVWKH&DWDODQH
$KVLUFULHGWKHFRXQWHVVKRZWHUULEOHDYHQJHDQFHIRU
DIDXOWZKLFKIDWDOLW\PDGHPHFRPPLWIRU,DPWKHRQO\
FXOSULW(GPRQGDQGLI\RXRZHUHYHQJHWRDQ\RQHLWLVWR
PHZKRKDGQRWIRUWLWXGHWREHDU\RXUDEVHQFHDQGP\
VROLWXGH
%XWH[FODLPHG0RQWH&ULVWRZK\ZDV,DEVHQW"$QGZK\
ZHUH\RXDORQH"
%HFDXVH\RXKDGEHHQDUUHVWHG(GPRQGDQGZHUHD
SULVRQHU
$QGZK\ZDV,DUUHVWHG":K\ZDV,DSULVRQHU"
,GRQRWNQRZVDLG0HUFHGHV<RXGRQRWPDGDPHDW
OHDVW,KRSHQRW%XW,ZLOOWHOO\RX,ZDVDUUHVWHGDQG
EHFDPHDSULVRQHUEHFDXVHXQGHUWKHDUERURI/D5HVHUYH
WKHGD\EHIRUH,ZDVWRPDUU\\RXDPDQQDPHG'DQJODUV
ZURWHWKLVOHWWHUZKLFKWKHILVKHUPDQ)HUQDQGKLPVHOI
SRVWHG0RQWH&ULVWRZHQWWRDVHFUHWDU\RSHQHGDGUDZHU
E\DVSULQJIURPZKLFKKHWRRNDSDSHUZKLFKKDGORVWLWV
RULJLQDOFRORUDQGWKHLQNRIZKLFKKDGEHFRPHRIDUXVW\
KXHWKLVKHSODFHGLQWKHKDQGVRI0HUFHGHV,WZDV
'DQJODUV
OHWWHUWRWKHNLQJ
VDWWRUQH\ZKLFKWKH&RXQWRI
0RQWH&ULVWRGLVJXLVHGDVDFOHUNIURPWKHKRXVHRI7KRPVRQ
)UHQFKKDGWDNHQIURPWKHILOHDJDLQVW(GPRQG'DQWHVRQ
WKHGD\KHKDGSDLGWKHWZRKXQGUHGWKRXVDQGIUDQFVWR0GH
%RYLOOH0HUFHGHVUHDGZLWKWHUURUWKHIROORZLQJOLQHV
7KHNLQJ
VDWWRUQH\LVLQIRUPHGE\DIULHQGWRWKHWKURQH
DQGUHOLJLRQWKDWRQH(GPRQG'DQWHVVHFRQGLQFRPPDQGRQ

1126

ERDUGWKH3KDUDRQWKLVGD\DUULYHGIURP6P\UQDDIWHU
KDYLQJWRXFKHGDW1DSOHVDQG3RUWR)HUUDMRLVWKHEHDUHURI
DOHWWHUIURP0XUDWWRWKHXVXUSHUDQGRIDQRWKHUOHWWHU
IURPWKHXVXUSHUWRWKH%RQDSDUWLVWFOXELQ3DULV$PSOH
FRUURERUDWLRQRIWKLVVWDWHPHQWPD\EHREWDLQHGE\DUUHVWLQJ
WKHDERYHPHQWLRQHG(GPRQG'DQWHVZKRHLWKHUFDUULHVWKH
OHWWHUIRU3DULVDERXWZLWKKLPRUKDVLWDWKLVIDWKHU
V
DERGH6KRXOGLWQRWEHIRXQGLQSRVVHVVLRQRIHLWKHUIDWKHU
RUVRQWKHQLWZLOODVVXUHGO\EHGLVFRYHUHGLQWKHFDELQ
EHORQJLQJWRWKHVDLG'DQWHVRQERDUGWKH3KDUDRQ
+RZGUHDGIXOVDLG0HUFHGHVSDVVLQJKHUKDQGDFURVVKHU
EURZPRLVWZLWKSHUVSLUDWLRQDQGWKDWOHWWHU
,ERXJKWLWIRUWZRKXQGUHGWKRXVDQGIUDQFVPDGDPHVDLG
0RQWH&ULVWREXWWKDWLVDWULIOHVLQFHLWHQDEOHVPHWR
MXVWLI\P\VHOIWR\RX
$QGWKHUHVXOWRIWKDWOHWWHU
<RXZHOONQRZPDGDPHZDVP\DUUHVWEXW\RXGRQRWNQRZ
KRZORQJWKDWDUUHVWODVWHG<RXGRQRWNQRZWKDW,UHPDLQHG
IRUIRXUWHHQ\HDUVZLWKLQDTXDUWHURIDOHDJXHRI\RXLQD
GXQJHRQLQWKH&KDWHDXG
,I<RXGRQRWNQRZWKDWHYHU\GD\
RIWKRVHIRXUWHHQ\HDUV,UHQHZHGWKHYRZRIYHQJHDQFHZKLFK
,KDGPDGHWKHILUVWGD\DQG\HW,ZDVQRWDZDUHWKDW\RX
KDGPDUULHG)HUQDQGP\FDOXPQLDWRUDQGWKDWP\IDWKHUKDG
GLHGRIKXQJHU
&DQLWEH"FULHG0HUFHGHVVKXGGHULQJ
7KDWLVZKDW,KHDUGRQOHDYLQJP\SULVRQIRXUWHHQ\HDUV
DIWHU,KDGHQWHUHGLWDQGWKDWLVZK\RQDFFRXQWRIWKH
OLYLQJ0HUFHGHVDQGP\GHFHDVHGIDWKHU,KDYHVZRUQWR
UHYHQJHP\VHOIRQ)HUQDQGDQG,KDYHUHYHQJHGP\VHOI
$QG\RXDUHVXUHWKHXQKDSS\)HUQDQGGLGWKDW"
,DPVDWLVILHGPDGDPHWKDWKHGLGZKDW,KDYHWROG\RX
EHVLGHVWKDWLVQRWPXFKPRUHRGLRXVWKDQWKDWD)UHQFKPDQ
E\DGRSWLRQVKRXOGSDVVRYHUWRWKH(QJOLVKWKDWD6SDQLDUG
E\ELUWKVKRXOGKDYHIRXJKWDJDLQVWWKH6SDQLDUGVWKDWD
VWLSHQGLDU\RI$OLVKRXOGKDYHEHWUD\HGDQGPXUGHUHG$OL
&RPSDUHGZLWKVXFKWKLQJVZKDWLVWKHOHWWHU\RXKDYHMXVW

1127

UHDG"DORYHU
VGHFHSWLRQZKLFKWKHZRPDQZKRKDV
PDUULHGWKDWPDQRXJKWFHUWDLQO\WRIRUJLYHEXWQRWVRWKH
ORYHUZKRZDVWRKDYHPDUULHGKHU:HOOWKH)UHQFKGLGQRW
DYHQJHWKHPVHOYHVRQWKHWUDLWRUWKH6SDQLDUGVGLGQRW
VKRRWWKHWUDLWRU$OLLQKLVWRPEOHIWWKHWUDLWRU
XQSXQLVKHGEXW,EHWUD\HGVDFULILFHGEXULHGKDYHULVHQ
IURPP\WRPEE\WKHJUDFHRI*RGWRSXQLVKWKDWPDQ+H
VHQGVPHIRUWKDWSXUSRVHDQGKHUH,DP7KHSRRUZRPDQ
V
KHDGDQGDUPVIHOOKHUOHJVEHQWXQGHUKHUDQGVKHIHOORQ
KHUNQHHV)RUJLYH(GPRQGIRUJLYHIRUP\VDNHZKRORYH
\RXVWLOO
7KHGLJQLW\RIWKHZLIHFKHFNHGWKHIHUYRURIWKHORYHUDQG
WKHPRWKHU+HUIRUHKHDGDOPRVWWRXFKHGWKHFDUSHWZKHQWKH
FRXQWVSUDQJIRUZDUGDQGUDLVHGKHU7KHQVHDWHGRQDFKDLU
VKHORRNHGDWWKHPDQO\FRXQWHQDQFHRI0RQWH&ULVWRRQ
ZKLFKJULHIDQGKDWUHGVWLOOLPSUHVVHGDWKUHDWHQLQJ
H[SUHVVLRQ1RWFUXVKWKDWDFFXUVHGUDFH"PXUPXUHGKH
DEDQGRQP\SXUSRVHDWWKHPRPHQWRILWVDFFRPSOLVKPHQW"
,PSRVVLEOHPDGDPHLPSRVVLEOH
(GPRQGVDLGWKHSRRUPRWKHUZKRWULHGHYHU\PHDQVZKHQ
,FDOO\RX(GPRQGZK\GR\RXQRWFDOOPH0HUFHGHV"
0HUFHGHVUHSHDWHG0RQWH&ULVWR0HUFHGHV:HOO\HV\RX
DUHULJKWWKDWQDPHKDVVWLOOLWVFKDUPVDQGWKLVLVWKH
ILUVWWLPHIRUDORQJSHULRGWKDW,KDYHSURQRXQFHGLWVR
GLVWLQFWO\2K0HUFHGHV,KDYHXWWHUHG\RXUQDPHZLWKWKH
VLJKRIPHODQFKRO\ZLWKWKHJURDQRIVRUURZZLWKWKHODVW
HIIRUWRIGHVSDLU,KDYHXWWHUHGLWZKHQIUR]HQZLWKFROG
FURXFKHGRQWKHVWUDZLQP\GXQJHRQ,KDYHXWWHUHGLW
FRQVXPHGZLWKKHDWUROOLQJRQWKHVWRQHIORRURIP\SULVRQ
0HUFHGHV,PXVWUHYHQJHP\VHOIIRU,VXIIHUHGIRXUWHHQ
\HDUVIRXUWHHQ\HDUV,ZHSW,FXUVHGQRZ,WHOO\RX
0HUFHGHV,PXVWUHYHQJHP\VHOI
7KHFRXQWIHDULQJWR\LHOGWRWKHHQWUHDWLHVRIKHUKHKDG
VRDUGHQWO\ORYHGFDOOHGKLVVXIIHULQJVWRWKHDVVLVWDQFH
RIKLVKDWUHG5HYHQJH\RXUVHOIWKHQ(GPRQGFULHGWKH
SRRUPRWKHUEXWOHW\RXUYHQJHDQFHIDOORQWKHFXOSULWV
RQKLPRQPHEXWQRWRQP\VRQ
,WLVZULWWHQLQWKHJRRGERRNVDLG0RQWH&ULVWRWKDW
WKHVLQVRIWKHIDWKHUVVKDOOIDOOXSRQWKHLUFKLOGUHQWR

1128

WKHWKLUGDQGIRXUWKJHQHUDWLRQ6LQFH*RGKLPVHOIGLFWDWHG
WKRVHZRUGVWRKLVSURSKHWZK\VKRXOG,VHHNWRPDNHP\VHOI
EHWWHUWKDQ*RG"
(GPRQGFRQWLQXHG0HUFHGHVZLWKKHUDUPVH[WHQGHGWRZDUGV
WKHFRXQWVLQFH,ILUVWNQHZ\RX,KDYHDGRUHG\RXUQDPH
KDYHUHVSHFWHG\RXUPHPRU\(GPRQGP\IULHQGGRQRWFRPSHO
PHWRWDUQLVKWKDWQREOHDQGSXUHLPDJHUHIOHFWHG
LQFHVVDQWO\RQWKHPLUURURIP\KHDUW(GPRQGLI\RXNQHZ
DOOWKHSUD\HUV,KDYHDGGUHVVHGWR*RGIRU\RXZKLOH,
WKRXJKW\RXZHUHOLYLQJDQGVLQFH,KDYHWKRXJKW\RXPXVWEH
GHDG<HVGHDGDODV,LPDJLQHG\RXUGHDGERG\EXULHGDW
WKHIRRWRIVRPHJORRP\WRZHURUFDVWWRWKHERWWRPRID
SLWE\KDWHIXOMDLOHUVDQG,ZHSW:KDWFRXOG,GRIRU\RX
(GPRQGEHVLGHVSUD\DQGZHHS"/LVWHQIRUWHQ\HDUV,
GUHDPHGHDFKQLJKWWKHVDPHGUHDP,KDGEHHQWROGWKDW\RX
KDGHQGHDYRUHGWRHVFDSHWKDW\RXKDGWDNHQWKHSODFHRI
DQRWKHUSULVRQHUWKDW\RXKDGVOLSSHGLQWRWKHZLQGLQJ
VKHHWRIDGHDGERG\WKDW\RXKDGEHHQWKURZQDOLYHIURP
WKHWRSRIWKH&KDWHDXG
,IDQGWKDWWKHFU\\RXXWWHUHGDV
\RXGDVKHGXSRQWKHURFNVILUVWUHYHDOHGWR\RXUMDLOHUV
WKDWWKH\ZHUH\RXUPXUGHUHUV:HOO(GPRQG,VZHDUWR\RX
E\WKHKHDGRIWKDWVRQIRUZKRP,HQWUHDW\RXUSLW\
(GPRQGIRUWHQ\HDUV,VDZHYHU\QLJKWHYHU\GHWDLORIWKDW
IULJKWIXOWUDJHG\DQGIRUWHQ\HDUV,KHDUGHYHU\QLJKWWKH
FU\ZKLFKDZRNHPHVKXGGHULQJDQGFROG$QG,WRR(GPRQG
RKEHOLHYHPHJXLOW\DV,ZDVRK\HV,WRR
KDYHVXIIHUHGPXFK
+DYH\RXNQRZQZKDWLWLVWRKDYH\RXUIDWKHUVWDUYHWR
GHDWKLQ\RXUDEVHQFH"FULHG0RQWH&ULVWRWKUXVWLQJKLV
KDQGVLQWRKLVKDLUKDYH\RXVHHQWKHZRPDQ\RXORYHG
JLYLQJKHUKDQGWR\RXUULYDOZKLOH\RXZHUHSHULVKLQJDW
WKHERWWRPRIDGXQJHRQ"
1RLQWHUUXSWHG0HUFHGHVEXW,KDYHVHHQKLPZKRP,
ORYHGRQWKHSRLQWRIPXUGHULQJP\VRQ0HUFHGHVXWWHUHG
WKHVHZRUGVZLWKVXFKGHHSDQJXLVKZLWKDQDFFHQWRIVXFK
LQWHQVHGHVSDLUWKDW0RQWH&ULVWRFRXOGQRWUHVWUDLQDVRE
7KHOLRQZDVGDXQWHGWKHDYHQJHUZDVFRQTXHUHG:KDWGR
\RXDVNRIPH"VDLGKH\RXUVRQ
VOLIH":HOOKHVKDOO
OLYH0HUFHGHVXWWHUHGDFU\ZKLFKPDGHWKHWHDUVVWDUW
IURP0RQWH&ULVWR
VH\HVEXWWKHVHWHDUVGLVDSSHDUHGDOPRVW
LQVWDQWDQHRXVO\IRUGRXEWOHVV*RGKDGVHQWVRPHDQJHOWR

1129

FROOHFWWKHPIDUPRUHSUHFLRXVZHUHWKH\LQKLVH\HVWKDQ
WKHULFKHVWSHDUOVRI*X]HUDWDQG2SKLU
2KVDLGVKHVHL]LQJWKHFRXQW
VKDQGDQGUDLVLQJLWWR
KHUOLSVRKWKDQN\RXWKDQN\RX(GPRQG1RZ\RXDUH
H[DFWO\ZKDW,GUHDPW\RXZHUHWKHPDQ,DOZD\VORYHG
2KQRZ,PD\VD\VR
6RPXFKWKHEHWWHUUHSOLHG0RQWH&ULVWRDVWKDWSRRU
(GPRQGZLOOQRWKDYHORQJWREHORYHGE\\RX'HDWKLVDERXW
WRUHWXUQWRWKHWRPEWKHSKDQWRPWRUHWLUHLQGDUNQHVV
:KDWGR\RXVD\(GPRQG"
,VD\VLQFH\RXFRPPDQGPH0HUFHGHV,PXVWGLH
'LH"DQGZK\VR":KRWDONVRIG\LQJ":KHQFHKDYH\RXWKHVH
LGHDVRIGHDWK"
<RXGRQRWVXSSRVHWKDWSXEOLFO\RXWUDJHGLQWKHIDFHRID
ZKROHWKHDWUHLQWKHSUHVHQFHRI\RXUIULHQGVDQGWKRVHRI
\RXUVRQFKDOOHQJHGE\DER\ZKRZLOOJORU\LQP\
IRUJLYHQHVVDVLILWZHUHDYLFWRU\\RXGRQRWVXSSRVH
WKDW,FDQIRURQHPRPHQWZLVKWROLYH:KDW,PRVWORYHG
DIWHU\RX0HUFHGHVZDVP\VHOIP\GLJQLW\DQGWKDW
VWUHQJWKZKLFKUHQGHUHGPHVXSHULRUWRRWKHUPHQWKDW
VWUHQJWKZDVP\OLIH:LWKRQHZRUG\RXKDYHFUXVKHGLWDQG
,GLH
%XWWKHGXHOZLOOQRWWDNHSODFH(GPRQGVLQFH\RX
IRUJLYH"
,WZLOOWDNHSODFHVDLG0RQWH&ULVWRLQDPRVWVROHPQ
WRQHEXWLQVWHDGRI\RXUVRQ
VEORRGWRVWDLQWKHJURXQG
PLQHZLOOIORZ0HUFHGHVVKULHNHGDQGVSUDQJWRZDUGV0RQWH
&ULVWREXWVXGGHQO\VWRSSLQJ(GPRQGVDLGVKHWKHUH
LVD*RGDERYHXVVLQFH\RXOLYHDQGVLQFH,KDYHVHHQ\RX
DJDLQ,WUXVWWRKLPIURPP\KHDUW:KLOHZDLWLQJKLV
DVVLVWDQFH,WUXVWWR\RXUZRUG\RXKDYHVDLGWKDWP\VRQ
VKRXOGOLYHKDYH\RXQRW"
<HVPDGDPHKHVKDOOOLYHVDLG0RQWH&ULVWRVXUSULVHG
WKDWZLWKRXWPRUHHPRWLRQ0HUFHGHVKDGDFFHSWHGWKHKHURLF
VDFULILFHKHPDGHIRUKHU0HUFHGHVH[WHQGHGKHUKDQGWRWKH

1130

FRXQW
(GPRQGVDLGVKHDQGKHUH\HVZHUHZHWZLWKWHDUVZKLOH
ORRNLQJDWKLPWRZKRPVKHVSRNHKRZQREOHLWLVRI\RX
KRZJUHDWWKHDFWLRQ\RXKDYHMXVWSHUIRUPHGKRZVXEOLPHWR
KDYHWDNHQSLW\RQDSRRUZRPDQZKRDSSHDOHGWR\RXZLWK
HYHU\FKDQFHDJDLQVWKHU$ODV,DPJURZQROGZLWKJULHI
PRUHWKDQZLWK\HDUVDQGFDQQRWQRZUHPLQGP\(GPRQGE\D
VPLOHRUE\DORRNRIWKDW0HUFHGHVZKRPKHRQFHVSHQWVR
PDQ\KRXUVLQFRQWHPSODWLQJ$KEHOLHYHPH(GPRQGDV,
WROG\RX,WRRKDYHVXIIHUHGPXFK,UHSHDWLWLV
PHODQFKRO\WRSDVVRQH
VOLIHZLWKRXWKDYLQJRQHMR\WR
UHFDOOZLWKRXWSUHVHUYLQJDVLQJOHKRSHEXWWKDWSURYHV
WKDWDOOLVQRW\HWRYHU1RLWLVQRWILQLVKHG,IHHOLW
E\ZKDWUHPDLQVLQP\KHDUW2K,UHSHDWLW(GPRQGZKDW
\RXKDYHMXVWGRQHLVEHDXWLIXOLWLVJUDQGLWLV
VXEOLPH
'R\RXVD\VRQRZ0HUFHGHV"WKHQZKDWZRXOG\RXVD\LI
\RXNQHZWKHH[WHQWRIWKHVDFULILFH,PDNHWR\RX"6XSSRVH
WKDWWKH6XSUHPH%HLQJDIWHUKDYLQJFUHDWHGWKHZRUOGDQG
IHUWLOL]HGFKDRVKDGSDXVHGLQWKHZRUNWRVSDUHDQDQJHO
WKHWHDUVWKDWPLJKWRQHGD\IORZIRUPRUWDOVLQVIURPKHU
LPPRUWDOH\HVVXSSRVHWKDWZKHQHYHU\WKLQJZDVLQUHDGLQHVV
DQGWKHPRPHQWKDGFRPHIRU*RGWRORRNXSRQKLVZRUNDQG
VHHWKDWLWZDVJRRGVXSSRVHKHKDGVQXIIHGRXWWKHVXQ
DQGWRVVHGWKHZRUOGEDFNLQWRHWHUQDOQLJKWWKHQHYHQ
WKHQ0HUFHGHV\RXFRXOGQRWLPDJLQHZKDW,ORVHLQ
VDFULILFLQJP\OLIHDWWKLVPRPHQW0HUFHGHVORRNHGDWWKH
FRXQWLQDZD\ZKLFKH[SUHVVHGDWWKHVDPHWLPHKHU
DVWRQLVKPHQWKHUDGPLUDWLRQDQGKHUJUDWLWXGH0RQWH
&ULVWRSUHVVHGKLVIRUHKHDGRQKLVEXUQLQJKDQGVDVLIKLV
EUDLQFRXOGQRORQJHUEHDUDORQHWKHZHLJKWRILWVWKRXJKWV
(GPRQGVDLG0HUFHGHV,KDYHEXWRQHZRUGPRUHWRVD\WR
\RX7KHFRXQWVPLOHGELWWHUO\(GPRQGFRQWLQXHGVKH
\RXZLOOVHHWKDWLIP\IDFHLVSDOHLIP\H\HVDUHGXOO
LIP\EHDXW\LVJRQHLI0HUFHGHVLQVKRUWQRORQJHU
UHVHPEOHVKHUIRUPHUVHOILQKHUIHDWXUHV\RXZLOOVHHWKDW
KHUKHDUWLVVWLOOWKHVDPH$GLHXWKHQ(GPRQG,KDYH
QRWKLQJPRUHWRDVNRIKHDYHQ,KDYHVHHQ\RXDJDLQDQG
KDYHIRXQG\RXDVQREOHDQGDVJUHDWDVIRUPHUO\\RXZHUH
$GLHX(GPRQGDGLHXDQGWKDQN\RX
%XWWKHFRXQWGLGQRWDQVZHU0HUFHGHVRSHQHGWKHGRRURI

1131

WKHVWXG\DQGKDGGLVDSSHDUHGEHIRUHKHKDGUHFRYHUHGIURP
WKHSDLQIXODQGSURIRXQGUHYHU\LQWRZKLFKKLVWKZDUWHG
YHQJHDQFHKDGSOXQJHGKLP7KHFORFNRIWKH,QYDOLGHVVWUXFN
RQHZKHQWKHFDUULDJHZKLFKFRQYH\HG0DGDPHGH0RUFHUIDZD\
UROOHGRQWKHSDYHPHQWRIWKH&KDPSV(O\VHHVDQGPDGH0RQWH
&ULVWRUDLVHKLVKHDG:KDWDIRRO,ZDVVDLGKHQRWWR
WHDUP\KHDUWRXWRQWKHGD\ZKHQ,UHVROYHGWRDYHQJH
P\VHOI

&KDSWHU
7KH0HHWLQJ
$IWHU0HUFHGHVKDGOHIW0RQWH&ULVWRKHIHOOLQWRSURIRXQG
JORRP$URXQGKLPDQGZLWKLQKLPWKHIOLJKWRIWKRXJKW
VHHPHGWRKDYHVWRSSHGKLVHQHUJHWLFPLQGVOXPEHUHGDVWKH
ERG\GRHVDIWHUH[WUHPHIDWLJXH:KDW"VDLGKHWRKLPVHOI
ZKLOHWKHODPSDQGWKHZD[OLJKWVZHUHQHDUO\EXUQWRXWDQG
WKHVHUYDQWVZHUHZDLWLQJLPSDWLHQWO\LQWKHDQWHURRP
ZKDW"WKLVHGLILFHZKLFK,KDYHEHHQVRORQJSUHSDULQJ
ZKLFK,KDYHUHDUHGZLWKVRPXFKFDUHDQGWRLOLVWREH
FUXVKHGE\DVLQJOHWRXFKDZRUGDEUHDWK<HVWKLVVHOI
RIZKRP,WKRXJKWVRPXFKRIZKRP,ZDVVRSURXGZKRKDG
DSSHDUHGVRZRUWKOHVVLQWKHGXQJHRQVRIWKH&KDWHDXG
,I
DQGZKRP,KDGVXFFHHGHGLQPDNLQJVRJUHDWZLOOEHEXWD
OXPSRIFOD\WRPRUURZ$ODVLWLVQRWWKHGHDWKRIWKH
ERG\,UHJUHWIRULVQRWWKHGHVWUXFWLRQRIWKHYLWDO
SULQFLSOHWKHUHSRVHWRZKLFKHYHU\WKLQJLVWHQGLQJWR
ZKLFKHYHU\XQKDSS\EHLQJDVSLUHVLVQRWWKLVWKHUHSRVH
RIPDWWHUDIWHUZKLFK,VRORQJVLJKHGDQGZKLFK,ZDV
VHHNLQJWRDWWDLQE\WKHSDLQIXOSURFHVVRIVWDUYDWLRQZKHQ
)DULDDSSHDUHGLQP\GXQJHRQ":KDWLVGHDWKIRUPH"2QHVWHS
IDUWKHULQWRUHVWWZRSHUKDSVLQWRVLOHQFH
1RLWLVQRWH[LVWHQFHWKHQWKDW,UHJUHWEXWWKHUXLQ
RISURMHFWVVRVORZO\FDUULHGRXWVRODERULRXVO\IUDPHG
3URYLGHQFHLVQRZRSSRVHGWRWKHPZKHQ,PRVWWKRXJKWLW
ZRXOGEHSURSLWLRXV,WLVQRW*RG
VZLOOWKDWWKH\VKRXOG
EHDFFRPSOLVKHG7KLVEXUGHQDOPRVWDVKHDY\DVDZRUOG
ZKLFK,KDGUDLVHGDQG,KDGWKRXJKWWREHDUWRWKHHQG
ZDVWRRJUHDWIRUP\VWUHQJWKDQG,ZDVFRPSHOOHGWROD\LW
GRZQLQWKHPLGGOHRIP\FDUHHU2KVKDOO,WKHQDJDLQ
EHFRPHDIDWDOLVWZKRPIRXUWHHQ\HDUVRIGHVSDLUDQGWHQRI

1132

KRSHKDGUHQGHUHGDEHOLHYHULQSURYLGHQFH"$QGDOOWKLV
DOOWKLVEHFDXVHP\KHDUWZKLFK,WKRXJKWGHDGZDVRQO\
VOHHSLQJEHFDXVHLWKDVDZDNHQHGDQGKDVEHJXQWREHDW
DJDLQEHFDXVH,KDYH\LHOGHGWRWKHSDLQRIWKHHPRWLRQ
H[FLWHGLQP\EUHDVWE\DZRPDQ
VYRLFH<HWFRQWLQXHGWKH
FRXQWEHFRPLQJHDFKPRPHQWPRUHDEVRUEHGLQWKH
DQWLFLSDWLRQRIWKHGUHDGIXOVDFULILFHIRUWKHPRUURZZKLFK
0HUFHGHVKDGDFFHSWHG\HWLWLVLPSRVVLEOHWKDWVR
QREOHPLQGHGDZRPDQVKRXOGWKXVWKURXJKVHOILVKQHVVFRQVHQW
WRP\GHDWKZKHQ,DPLQWKHSULPHRIOLIHDQGVWUHQJWKLW
LVLPSRVVLEOHWKDWVKHFDQFDUU\WRVXFKDSRLQWPDWHUQDO
ORYHRUUDWKHUGHOLULXP7KHUHDUHYLUWXHVZKLFKEHFRPH
FULPHVE\H[DJJHUDWLRQ1RVKHPXVWKDYHFRQFHLYHGVRPH
SDWKHWLFVFHQHVKHZLOOFRPHDQGWKURZKHUVHOIEHWZHHQXV
DQGZKDWZRXOGEHVXEOLPHKHUHZLOOWKHUHDSSHDU
ULGLFXORXV7KHEOXVKRISULGHPRXQWHGWRWKHFRXQW
V
IRUHKHDGDVWKLVWKRXJKWSDVVHGWKURXJKKLVPLQG
5LGLFXORXV"UHSHDWHGKHDQGWKHULGLFXOHZLOOIDOORQ
PH,ULGLFXORXV"1R,ZRXOGUDWKHUGLH
%\WKXVH[DJJHUDWLQJWRKLVRZQPLQGWKHDQWLFLSDWHG
LOOIRUWXQHRIWKHQH[WGD\WRZKLFKKHKDGFRQGHPQHG
KLPVHOIE\SURPLVLQJ0HUFHGHVWRVSDUHKHUVRQWKHFRXQWDW
ODVWH[FODLPHG)ROO\IROO\IROO\WRFDUU\JHQHURVLW\
VRIDUDVWRSXWP\VHOIXSDVDPDUNIRUWKDW\RXQJPDQWR
DLPDW+HZLOOQHYHUEHOLHYHWKDWP\GHDWKZDVVXLFLGHDQG
\HWLWLVLPSRUWDQWIRUWKHKRQRURIP\PHPRU\DQGWKLV
VXUHO\LVQRWYDQLW\EXWDMXVWLILDEOHSULGHLWLV
LPSRUWDQWWKHZRUOGVKRXOGNQRZWKDW,KDYHFRQVHQWHGE\P\
IUHHZLOOWRVWRSP\DUPDOUHDG\UDLVHGWRVWULNHDQG
WKDWZLWKWKHDUPZKLFKKDVEHHQVRSRZHUIXODJDLQVWRWKHUV
,KDYHVWUXFNP\VHOI,WPXVWEHLWVKDOOEH
6HL]LQJDSHQKHGUHZDSDSHUIURPDVHFUHWGUDZHULQKLV
GHVNDQGZURWHDWWKHERWWRPRIWKHGRFXPHQW ZKLFKZDVQR
RWKHUWKDQKLVZLOOPDGHVLQFHKLVDUULYDOLQ3DULV DVRUW
RIFRGLFLOFOHDUO\H[SODLQLQJWKHQDWXUHRIKLVGHDWK,
GRWKLV2P\*RGVDLGKHZLWKKLVH\HVUDLVHGWRKHDYHQ
DVPXFKIRUWK\KRQRUDVIRUPLQH,KDYHGXULQJWHQ\HDUV
FRQVLGHUHGP\VHOIWKHDJHQWRIWK\YHQJHDQFHDQGRWKHU
ZUHWFKHVOLNH0RUFHUI'DQJODUV9LOOHIRUWHYHQ0RUFHUI
KLPVHOIPXVWQRWLPDJLQHWKDWFKDQFHKDVIUHHGWKHPIURP
WKHLUHQHP\/HWWKHPNQRZRQWKHFRQWUDU\WKDWWKHLU
SXQLVKPHQWZKLFKKDGEHHQGHFUHHGE\SURYLGHQFHLVRQO\

1133

GHOD\HGE\P\SUHVHQWGHWHUPLQDWLRQDQGDOWKRXJKWKH\
HVFDSHLWLQWKLVZRUOGLWDZDLWVWKHPLQDQRWKHUDQGWKDW
WKH\DUHRQO\H[FKDQJLQJWLPHIRUHWHUQLW\
:KLOHKHZDVWKXVDJLWDWHGE\JORRP\XQFHUWDLQWLHV
ZUHWFKHGZDNLQJGUHDPVRIJULHIWKHILUVWUD\VRI
PRUQLQJSLHUFHGKLVZLQGRZVDQGVKRQHXSRQWKHSDOHEOXH
SDSHURQZKLFKKHKDGMXVWLQVFULEHGKLVMXVWLILFDWLRQRI
SURYLGHQFH,WZDVMXVWILYHR
FORFNLQWKHPRUQLQJZKHQD
VOLJKWQRLVHOLNHDVWLIOHGVLJKUHDFKHGKLVHDU+HWXUQHG
KLVKHDGORRNHGDURXQGKLPDQGVDZQRRQHEXWWKHVRXQG
ZDVUHSHDWHGGLVWLQFWO\HQRXJKWRFRQYLQFHKLPRILWV
UHDOLW\
+HDURVHDQGTXLHWO\RSHQLQJWKHGRRURIWKHGUDZLQJURRP
VDZ+DLGHHZKRKDGIDOOHQRQDFKDLUZLWKKHUDUPVKDQJLQJ
GRZQDQGKHUEHDXWLIXOKHDGWKURZQEDFN6KHKDGEHHQ
VWDQGLQJDWWKHGRRUWRSUHYHQWKLVJRLQJRXWZLWKRXW
VHHLQJKHUXQWLOVOHHSZKLFKWKH\RXQJFDQQRWUHVLVWKDG
RYHUSRZHUHGKHUIUDPHZHDULHGDVVKHZDVZLWKZDWFKLQJ7KH
QRLVHRIWKHGRRUGLGQRWDZDNHQKHUDQG0RQWH&ULVWRJD]HG
DWKHUZLWKDIIHFWLRQDWHUHJUHW6KHUHPHPEHUHGWKDWVKH
KDGDVRQVDLGKHDQG,IRUJRW,KDGDGDXJKWHU7KHQ
VKDNLQJKLVKHDGVRUURZIXOO\3RRU+DLGHHVDLGKHVKH
ZLVKHGWRVHHPHWRVSHDNWRPHVKHKDVIHDUHGRUJXHVVHG
VRPHWKLQJ2K,FDQQRWJRZLWKRXWWDNLQJOHDYHRIKHU,
FDQQRWGLHZLWKRXWFRQILGLQJKHUWRVRPHRQH+HTXLHWO\
UHJDLQHGKLVVHDWDQGZURWHXQGHUWKHRWKHUOLQHV
,EHTXHDWKWR0D[LPLOLDQ0RUUHOFDSWDLQRI6SDKLVDQG
VRQRIP\IRUPHUSDWURQ3LHUUH0RUUHOVKLSRZQHUDW
0DUVHLOOHVWKHVXPRIWZHQW\PLOOLRQVDSDUWRIZKLFK
PD\EHRIIHUHGWRKLVVLVWHU-XOLDDQGEURWKHULQODZ
(PPDQXHOLIKHGRHVQRWIHDUWKLVLQFUHDVHRIIRUWXQHPD\
PDUWKHLUKDSSLQHVV7KHVHWZHQW\PLOOLRQVDUHFRQFHDOHGLQ
P\JURWWRDW0RQWH&ULVWRRIZKLFK%HUWXFFLRNQRZVWKH
VHFUHW,IKLVKHDUWLVIUHHDQGKHZLOOPDUU\+DLGHHWKH
GDXJKWHURI$OL3DVKDRI<DQLQDZKRP,KDYHEURXJKWXSZLWK
WKHORYHRIDIDWKHUDQGZKRKDVVKRZQWKHORYHDQG
WHQGHUQHVVRIDGDXJKWHUIRUPHKHZLOOWKXVDFFRPSOLVKP\
ODVWZLVK7KLVZLOOKDVDOUHDG\FRQVWLWXWHG+DLGHHKHLUHVV
RIWKHUHVWRIP\IRUWXQHFRQVLVWLQJRIODQGVIXQGVLQ
(QJODQG$XVWULDDQG+ROODQGIXUQLWXUHLQP\GLIIHUHQW
SDODFHVDQGKRXVHVDQGZKLFKZLWKRXWWKHWZHQW\PLOOLRQV

1134

DQGWKHOHJDFLHVWRP\VHUYDQWVPD\VWLOODPRXQWWRVL[W\
PLOOLRQV
+HZDVILQLVKLQJWKHODVWOLQHZKHQDFU\EHKLQGKLPPDGH
KLPVWDUWDQGWKHSHQIHOOIURPKLVKDQG+DLGHHVDLG
KHGLG\RXUHDGLW"
2KP\ORUGVDLGVKHZK\DUH\RXZULWLQJWKXVDWVXFK
DQKRXU":K\DUH\RXEHTXHDWKLQJDOO\RXUIRUWXQHWRPH"$UH
\RXJRLQJWROHDYHPH"
,DPJRLQJRQDMRXUQH\GHDUFKLOGVDLG0RQWH&ULVWR
ZLWKDQH[SUHVVLRQRILQILQLWHWHQGHUQHVVDQGPHODQFKRO\
DQGLIDQ\PLVIRUWXQHVKRXOGKDSSHQWRPH
7KHFRXQWVWRSSHG:HOO"DVNHGWKH\RXQJJLUOZLWKDQ
DXWKRULWDWLYHWRQHWKHFRXQWKDGQHYHUREVHUYHGEHIRUHDQG
ZKLFKVWDUWOHGKLP:HOOLIDQ\PLVIRUWXQHKDSSHQWRPH
UHSOLHG0RQWH&ULVWR,ZLVKP\GDXJKWHUWREHKDSS\
+DLGHHVPLOHGVRUURZIXOO\DQGVKRRNKHUKHDG'R\RXWKLQN
RIG\LQJP\ORUG"VDLGVKH
7KHZLVHPDQP\FKLOGKDVVDLGC,WLVJRRGWRWKLQNRI
GHDWK

:HOOLI\RXGLHVDLGVKHEHTXHDWK\RXUIRUWXQHWR
RWKHUVIRULI\RXGLH,VKDOOUHTXLUHQRWKLQJDQGWDNLQJ
WKHSDSHUVKHWRUHLWLQIRXUSLHFHVDQGWKUHZLWLQWRWKH
PLGGOHRIWKHURRP7KHQWKHHIIRUWKDYLQJH[KDXVWHGKHU
VWUHQJWKVKHIHOOQRWDVOHHSWKLVWLPHEXWIDLQWLQJRQWKH
IORRU7KHFRXQWOHDQHGRYHUKHUDQGUDLVHGKHULQKLVDUPV
DQGVHHLQJWKDWVZHHWSDOHIDFHWKRVHORYHO\H\HVFORVHG
WKDWEHDXWLIXOIRUPPRWLRQOHVVDQGWRDOODSSHDUDQFH
OLIHOHVVWKHLGHDRFFXUUHGWRKLPIRUWKHILUVWWLPHWKDW
SHUKDSVVKHORYHGKLPRWKHUZLVHWKDQDVDGDXJKWHUORYHVD
IDWKHU
$ODVPXUPXUHGKHZLWKLQWHQVHVXIIHULQJ,PLJKWWKHQ
KDYHEHHQKDSS\\HW7KHQKHFDUULHG+DLGHHWRKHUURRP
UHVLJQHGKHUWRWKHFDUHRIKHUDWWHQGDQWVDQGUHWXUQLQJWR
KLVVWXG\ZKLFKKHVKXWTXLFNO\WKLVWLPHKHDJDLQFRSLHG
WKHGHVWUR\HGZLOO$VKHZDVILQLVKLQJWKHVRXQGRID
FDEULROHWHQWHULQJWKH\DUGZDVKHDUG0RQWH&ULVWR
DSSURDFKHGWKHZLQGRZDQGVDZ0D[LPLOLDQDQG(PPDQXHO

1135

DOLJKW*RRGVDLGKHLWZDVWLPHDQGKHVHDOHGKLV
ZLOOZLWKWKUHHVHDOV$PRPHQWDIWHUZDUGVKHKHDUGDQRLVH
LQWKHGUDZLQJURRPDQGZHQWWRRSHQWKHGRRUKLPVHOI
0RUUHOZDVWKHUHKHKDGFRPHWZHQW\PLQXWHVEHIRUHWKHWLPH
DSSRLQWHG,DPSHUKDSVFRPHWRRVRRQFRXQWVDLGKH
EXW,IUDQNO\DFNQRZOHGJHWKDW,KDYHQRWFORVHGP\H\HV
DOOQLJKWQRUKDVDQ\RQHLQP\KRXVH,QHHGWRVHH\RX
VWURQJLQ\RXUFRXUDJHRXVDVVXUDQFHWRUHFRYHUP\VHOI
0RQWH&ULVWRFRXOGQRWUHVLVWWKLVSURRIRIDIIHFWLRQKH
QRWRQO\H[WHQGHGKLVKDQGWRWKH\RXQJPDQEXWIOHZWRKLP
ZLWKRSHQDUPV0RUUHOVDLGKHLWLVDKDSS\GD\IRU
PHWRIHHOWKDW,DPEHORYHGE\VXFKDPDQDV\RX
*RRGPRUQLQJ(PPDQXHO\RXZLOOFRPHZLWKPHWKHQ
0D[LPLOLDQ"
'LG\RXGRXEWLW"VDLGWKH\RXQJFDSWDLQ
%XWLI,ZHUHZURQJ
,ZDWFKHG\RXGXULQJWKHZKROHVFHQHRIWKDWFKDOOHQJH
\HVWHUGD\,KDYHEHHQWKLQNLQJRI\RXUILUPQHVVDOOQLJKW
DQG,VDLGWRP\VHOIWKDWMXVWLFHPXVWEHRQ\RXUVLGHRU
PDQ
VFRXQWHQDQFHLVQRORQJHUWREHUHOLHGRQ
%XW0RUUHO$OEHUWLV\RXUIULHQG"
6LPSO\DQDFTXDLQWDQFHVLU
<RXPHWRQWKHVDPHGD\\RXILUVWVDZPH"
<HVWKDWLVWUXHEXW,VKRXOGQRWKDYHUHFROOHFWHGLWLI
\RXKDGQRWUHPLQGHGPH
7KDQN\RX0RUUHO7KHQULQJLQJWKHEHOORQFH/RRN
VDLGKHWR$OLZKRFDPHLPPHGLDWHO\WDNHWKDWWRP\
VROLFLWRU,WLVP\ZLOO0RUUHO:KHQ,DPGHDG\RXZLOO
JRDQGH[DPLQHLW
:KDW"VDLG0RUUHO\RXGHDG"
<HVPXVW,QRWEHSUHSDUHGIRUHYHU\WKLQJGHDUIULHQG"
%XWZKDWGLG\RXGR\HVWHUGD\DIWHU\RXOHIWPH"
,ZHQWWR7RUWRQL
VZKHUHDV,H[SHFWHG,IRXQG

1136

%HDXFKDPSDQG&KDWHDX5HQDXG,RZQ,ZDVVHHNLQJWKHP
:K\ZKHQDOOZDVDUUDQJHG"
/LVWHQFRXQWWKHDIIDLULVVHULRXVDQGXQDYRLGDEOH
'LG\RXGRXEWLW
1RWKHRIIHQFHZDVSXEOLFDQGHYHU\RQHLVDOUHDG\
WDONLQJRILW
:HOO"
:HOO,KRSHGWRJHWDQH[FKDQJHRIDUPVWRVXEVWLWXWH
WKHVZRUGIRUWKHSLVWROWKHSLVWROLVEOLQG
+DYH\RXVXFFHHGHG"DVNHG0RQWH&ULVWRTXLFNO\ZLWKDQ
LPSHUFHSWLEOHJOHDPRIKRSH
1RIRU\RXUVNLOOZLWKWKHVZRUGLVVRZHOONQRZQ
$K"ZKRKDVEHWUD\HGPH"
7KHVNLOIXOVZRUGVPDQZKRP\RXKDYHFRQTXHUHG
$QG\RXIDLOHG"
7KH\SRVLWLYHO\UHIXVHG
0RUUHOVDLGWKHFRXQWKDYH\RXHYHUVHHQPHILUHD
SLVWRO"
1HYHU
:HOOZHKDYHWLPHORRN0RQWH&ULVWRWRRNWKHSLVWROVKH
KHOGLQKLVKDQGZKHQ0HUFHGHVHQWHUHGDQGIL[LQJDQDFHRI
FOXEVDJDLQVWWKHLURQSODWHZLWKIRXUVKRWVKH
VXFFHVVLYHO\VKRWRIIWKHIRXUVLGHVRIWKHFOXE$WHDFK
VKRW0RUUHOWXUQHGSDOH+HH[DPLQHGWKHEXOOHWVZLWKZKLFK
0RQWH&ULVWRSHUIRUPHGWKLVGH[WHURXVIHDWDQGVDZWKDW
WKH\ZHUHQRODUJHUWKDQEXFNVKRW,WLVDVWRQLVKLQJVDLG
KH/RRN(PPDQXHO7KHQWXUQLQJWRZDUGV0RQWH&ULVWR
&RXQWVDLGKHLQWKHQDPHRIDOOWKDWLVGHDUWR\RX,
HQWUHDW\RXQRWWRNLOO$OEHUWWKHXQKDSS\\RXWKKDVD

1137

PRWKHU
<RXDUHULJKWVDLG0RQWH&ULVWRDQG,KDYHQRQH7KHVH
ZRUGVZHUHXWWHUHGLQDWRQHZKLFKPDGH0RUUHOVKXGGHU<RX
DUHWKHRIIHQGHGSDUW\FRXQW
'RXEWOHVVZKDWGRHVWKDWLPSO\"
7KDW\RXZLOOILUHILUVW
,ILUHILUVW"
2K,REWDLQHGRUUDWKHUFODLPHGWKDWZHKDGFRQFHGHG
HQRXJKIRUWKHPWR\LHOGXVWKDW
$QGDWZKDWGLVWDQFH"
7ZHQW\SDFHV$VPLOHRIWHUULEOHLPSRUWSDVVHGRYHUWKH
FRXQW
VOLSV0RUUHOVDLGKHGRQRWIRUJHWZKDW\RX
KDYHMXVWVHHQ
7KHRQO\FKDQFHIRU$OEHUW
VVDIHW\WKHQZLOODULVHIURP
\RXUHPRWLRQ
,VXIIHUIURPHPRWLRQ"VDLG0RQWH&ULVWR
2UIURP\RXUJHQHURVLW\P\IULHQGWRVRJRRGDPDUNVPDQ
DV\RXDUH,PD\VD\ZKDWZRXOGDSSHDUDEVXUGWRDQRWKHU
:KDWLVWKDW"
%UHDNKLVDUPZRXQGKLPEXWGRQRWNLOOKLP
,ZLOOWHOO\RX0RUUHOVDLGWKHFRXQWWKDW,GRQRW
QHHGHQWUHDWLQJWRVSDUHWKHOLIHRI0GH0RUFHUIKHVKDOO
EHVRZHOOVSDUHGWKDWKHZLOOUHWXUQTXLHWO\ZLWKKLVWZR
IULHQGVZKLOH,
$QG\RX"
7KDWZLOOEHDQRWKHUWKLQJ,VKDOOEHEURXJKWKRPH
1RQRFULHG0D[LPLOLDQTXLWHXQDEOHWRUHVWUDLQKLV
IHHOLQJV

1138

$V,WROG\RXP\GHDU0RUUHO0GH0RUFHUIZLOONLOOPH
0RUUHOORRNHGDWKLPLQXWWHUDPD]HPHQW%XWZKDWKDV
KDSSHQHGWKHQVLQFHODVWHYHQLQJFRXQW"
7KHVDPHWKLQJWKDWKDSSHQHGWR%UXWXVWKHQLJKWEHIRUHWKH
EDWWOHRI3KLOLSSL,KDYHVHHQDJKRVW
$QGWKDWJKRVW
7ROGPH0RUUHOWKDW,KDGOLYHGORQJHQRXJK0D[LPLOLDQ
DQG(PPDQXHOORRNHGDWHDFKRWKHU0RQWH&ULVWRGUHZRXWKLV
ZDWFK/HWXVJRVDLGKHLWLVILYHPLQXWHVSDVWVHYHQ
DQGWKHDSSRLQWPHQWZDVIRUHLJKWR
FORFN$FDUULDJHZDV
LQUHDGLQHVVDWWKHGRRU0RQWH&ULVWRVWHSSHGLQWRLWZLWK
KLVWZRIULHQGV+HKDGVWRSSHGDPRPHQWLQWKHSDVVDJHWR
OLVWHQDWDGRRUDQG0D[LPLOLDQDQG(PPDQXHOZKRKDG
FRQVLGHUDWHO\SDVVHGIRUZDUGDIHZVWHSVWKRXJKWWKH\KHDUG
KLPDQVZHUE\DVLJKWRDVREIURPZLWKLQ$VWKHFORFN
VWUXFNHLJKWWKH\GURYHXSWRWKHSODFHRIPHHWLQJ:HDUH
ILUVWVDLG0RUUHOORRNLQJRXWRIWKHZLQGRZ([FXVHPH
VLUVDLG%DSWLVWLQZKRKDGIROORZHGKLVPDVWHUZLWK
LQGHVFULEDEOHWHUURUEXW,WKLQN,VHHDFDUULDJHGRZQ
WKHUHXQGHUWKHWUHHV
0RQWH&ULVWRVSUDQJOLJKWO\IURPWKHFDUULDJHDQGRIIHUHG
KLVKDQGWRDVVLVW(PPDQXHODQG0D[LPLOLDQ7KHODWWHU
UHWDLQHGWKHFRXQW
VKDQGEHWZHHQKLV,OLNHVDLGKH
WRIHHODKDQGOLNHWKLVZKHQLWVRZQHUUHOLHVRQWKH
JRRGQHVVRIKLVFDXVH
,WVHHPVWRPHVDLG(PPDQXHOWKDW,VHHWZR\RXQJPHQ
GRZQWKHUHZKRDUHHYLGHQWO\ZDLWLQJ0RQWH&ULVWRGUHZ
0RUUHODVWHSRUWZREHKLQGKLVEURWKHULQODZ
0D[LPLOLDQVDLGKHDUH\RXUDIIHFWLRQVGLVHQJDJHG"
0RUUHOORRNHGDW0RQWH&ULVWRZLWKDVWRQLVKPHQW,GRQRW
VHHN\RXUFRQILGHQFHP\GHDUIULHQG,RQO\DVN\RXD
VLPSOHTXHVWLRQDQVZHULWWKDWLVDOO,UHTXLUH
,ORYHD\RXQJJLUOFRXQW
'R\RXORYHKHUPXFK"
0RUHWKDQP\OLIH

1139

$QRWKHUKRSHGHIHDWHGVDLGWKHFRXQW7KHQZLWKDVLJK
3RRU+DLGHHPXUPXUHGKH
7RWHOOWKHWUXWKFRXQWLI,NQHZOHVVRI\RX,VKRXOG
WKLQNWKDW\RXZHUHOHVVEUDYHWKDQ\RXDUH
%HFDXVH,VLJKZKHQWKLQNLQJRIVRPHRQH,DPOHDYLQJ"
&RPH0RUUHOLWLVQRWOLNHDVROGLHUWREHVREDGDMXGJH
RIFRXUDJH'R,UHJUHWOLIH":KDWLVLWWRPHZKRKDYH
SDVVHGWZHQW\\HDUVEHWZHHQOLIHDQGGHDWK"0RUHRYHUGRQRW
DODUP\RXUVHOI0RUUHOWKLVZHDNQHVVLILWLVVXFKLV
EHWUD\HGWR\RXDORQH,NQRZWKHZRUOGLVDGUDZLQJURRP
IURPZKLFKZHPXVWUHWLUHSROLWHO\DQGKRQHVWO\WKDWLV
ZLWKDERZDQGRXUGHEWVRIKRQRUSDLG
7KDWLVWRWKHSXUSRVH+DYH\RXEURXJKW\RXUDUPV"
,"ZKDWIRU",KRSHWKHVHJHQWOHPHQKDYHWKHLUV
,ZLOOLQTXLUHVDLG0RUUHO
'REXWPDNHQRWUHDW\\RXXQGHUVWDQGPH"
<RXQHHGQRWIHDU0RUUHODGYDQFHGWRZDUGV%HDXFKDPSDQG
&KDWHDX5HQDXGZKRVHHLQJKLVLQWHQWLRQFDPHWRPHHWKLP
7KHWKUHH\RXQJPHQERZHGWRHDFKRWKHUFRXUWHRXVO\LIQRW
DIIDEO\
([FXVHPHJHQWOHPHQVDLG0RUUHOEXW,GRQRWVHH0GH
0RUFHUI
+HVHQWXVZRUGWKLVPRUQLQJUHSOLHG&KDWHDX5HQDXG
WKDWKHZRXOGPHHWXVRQWKHJURXQG
$KVDLG0RUUHO%HDXFKDPSSXOOHGRXWKLVZDWFK,WLV
RQO\ILYHPLQXWHVSDVWHLJKWVDLGKHWR0RUUHOWKHUHLV
QRWPXFKWLPHORVW\HW
2K,PDGHQRDOOXVLRQRIWKDWNLQGUHSOLHG0RUUHO
7KHUHLVDFDUULDJHFRPLQJVDLG&KDWHDX5HQDXG,W
DGYDQFHGUDSLGO\DORQJRQHRIWKHDYHQXHVOHDGLQJWRZDUGV
WKHRSHQVSDFHZKHUHWKH\ZHUHDVVHPEOHG<RXDUHGRXEWOHVV

1140

SURYLGHGZLWKSLVWROVJHQWOHPHQ"0GH0RQWH&ULVWR\LHOGV
KLVULJKWRIXVLQJKLV
:HKDGDQWLFLSDWHGWKLVNLQGQHVVRQWKHSDUWRIWKHFRXQW
VDLG%HDXFKDPSDQG,KDYHEURXJKWVRPHZHDSRQVZKLFK,
ERXJKWHLJKWRUWHQGD\VVLQFHWKLQNLQJWRZDQWWKHPRQD
VLPLODURFFDVLRQ7KH\DUHTXLWHQHZDQGKDYHQRW\HWEHHQ
XVHG:LOO\RXH[DPLQHWKHP
2K0%HDXFKDPSLI\RXDVVXUHPHWKDW0GH0RUFHUIGRHV
QRWNQRZWKHVHSLVWROV\RXPD\UHDGLO\EHOLHYHWKDW\RXU
ZRUGZLOOEHTXLWHVXIILFLHQW
*HQWOHPHQVDLG&KDWHDX5HQDXGLWLVQRW0RUFHUIFRPLQJ
LQWKDWFDUULDJHIDLWKLWLV)UDQ]DQG'HEUD\7KHWZR
\RXQJPHQKHDQQRXQFHGZHUHLQGHHGDSSURDFKLQJ:KDWFKDQFH
EULQJV\RXKHUHJHQWOHPHQ"VDLG&KDWHDX5HQDXGVKDNLQJ
KDQGVZLWKHDFKRIWKHP%HFDXVHVDLG'HEUD\$OEHUW
VHQWWKLVPRUQLQJWRUHTXHVWXVWRFRPH%HDXFKDPSDQG
&KDWHDX5HQDXGH[FKDQJHGORRNVRIDVWRQLVKPHQW,WKLQN,
XQGHUVWDQGKLVUHDVRQVDLG0RUUHO
:KDWLVLW"
<HVWHUGD\DIWHUQRRQ,UHFHLYHGDOHWWHUIURP0GH0RUFHUI
EHJJLQJPHWRDWWHQGWKHRSHUD
$QG,VDLG'HEUD\
$QG,DOVRVDLG)UDQ]
$QGZHWRRDGGHG%HDXFKDPSDQG&KDWHDX5HQDXG
+DYLQJZLVKHG\RXDOOWRZLWQHVVWKHFKDOOHQJHKHQRZ
ZLVKHV\RXWREHSUHVHQWDWWKHFRPEDW
([DFWO\VRVDLGWKH\RXQJPHQ\RXKDYHSUREDEO\JXHVVHG
ULJKW
%XWDIWHUDOOWKHVHDUUDQJHPHQWVKHGRHVQRWFRPH
KLPVHOIVDLG&KDWHDX5HQDXG$OEHUWLVWHQPLQXWHVDIWHU
WLPH
7KHUHKHFRPHVVDLG%HDXFKDPSRQKRUVHEDFNDWIXOO

1141

JDOORSIROORZHGE\DVHUYDQW
+RZLPSUXGHQWVDLG&KDWHDX5HQDXGWRFRPHRQKRUVHEDFN
WRILJKWDGXHOZLWKSLVWROVDIWHUDOOWKHLQVWUXFWLRQV,
KDGJLYHQKLP
$QGEHVLGHVVDLG%HDXFKDPSZLWKDFROODUDERYHKLV
FUDYDWDQRSHQFRDWDQGZKLWHZDLVWFRDW:K\KDVKHQRW
SDLQWHGDVSRWXSRQKLVKHDUW"LWZRXOGKDYHEHHQPRUH
VLPSOH0HDQZKLOH$OEHUWKDGDUULYHGZLWKLQWHQSDFHVRI
WKHJURXSIRUPHGE\WKHILYH\RXQJPHQ+HMXPSHGIURPKLV
KRUVHWKUHZWKHEULGOHRQKLVVHUYDQW
VDUPVDQGMRLQHG
WKHP+HZDVSDOHDQGKLVH\HVZHUHUHGDQGVZROOHQLWZDV
HYLGHQWWKDWKHKDGQRWVOHSW$VKDGHRIPHODQFKRO\JUDYLW\
RYHUVSUHDGKLVFRXQWHQDQFHZKLFKZDVQRWQDWXUDOWRKLP,
WKDQN\RXJHQWOHPHQVDLGKHIRUKDYLQJFRPSOLHGZLWKP\
UHTXHVW,IHHOH[WUHPHO\JUDWHIXOIRUWKLVPDUNRI
IULHQGVKLS0RUUHOKDGVWHSSHGEDFNDV0RUFHUIDSSURDFKHG
DQGUHPDLQHGDWDVKRUWGLVWDQFH$QGWR\RXDOVR0
0RUUHOP\WKDQNVDUHGXH&RPHWKHUHFDQQRWEHWRRPDQ\
6LUVDLG0D[LPLOLDQ\RXDUHQRWSHUKDSVDZDUHWKDW,DP
0GH0RQWH&ULVWR
VIULHQG"
,ZDVQRWVXUHEXW,WKRXJKWLWPLJKWEHVR6RPXFKWKH
EHWWHUWKHPRUHKRQRUDEOHPHQWKHUHDUHKHUHWKHEHWWHU,
VKDOOEHVDWLVILHG
00RUUHOVDLG&KDWHDX5HQDXGZLOO\RXDSSULVHWKH
&RXQWRI0RQWH&ULVWRWKDW0GH0RUFHUILVDUULYHGDQGZH
DUHDWKLVGLVSRVDO"0RUUHOZDVSUHSDULQJWRIXOILOKLV
FRPPLVVLRQ%HDXFKDPSKDGPHDQZKLOHGUDZQWKHER[RISLVWROV
IURPWKHFDUULDJH6WRSJHQWOHPHQVDLG$OEHUW,KDYH
WZRZRUGVWRVD\WRWKH&RXQWRI0RQWH&ULVWR
,QSULYDWH"DVNHG0RUUHO
1RVLUEHIRUHDOOZKRDUHKHUH
$OEHUW
VZLWQHVVHVORRNHGDWHDFKRWKHU)UDQ]DQG'HEUD\
H[FKDQJHGVRPHZRUGVLQDZKLVSHUDQG0RUUHOUHMRLFHGDW
WKLVXQH[SHFWHGLQFLGHQWZHQWWRIHWFKWKHFRXQWZKRZDV
ZDONLQJLQDUHWLUHGSDWKZLWK(PPDQXHO:KDWGRHVKHZDQW
ZLWKPH"VDLG0RQWH&ULVWR

1142

,GRQRWNQRZEXWKHZLVKHVWRVSHDNWR\RX
$K"VDLG0RQWH&ULVWR,WUXVWKHLVQRWJRLQJWRWHPSW
PHE\VRPHIUHVKLQVXOW
,GRQRWWKLQNWKDWVXFKLVKLVLQWHQWLRQVDLG0RUUHO
7KHFRXQWDGYDQFHGDFFRPSDQLHGE\0D[LPLOLDQDQG(PPDQXHO
+LVFDOPDQGVHUHQHORRNIRUPHGDVLQJXODUFRQWUDVWWR
$OEHUW
VJULHIVWULFNHQIDFHZKRDSSURDFKHGDOVRIROORZHG
E\WKHRWKHUIRXU\RXQJPHQ:KHQDWWKUHHSDFHVGLVWDQW
IURPHDFKRWKHU$OEHUWDQGWKHFRXQWVWRSSHG
$SSURDFKJHQWOHPHQVDLG$OEHUW,ZLVK\RXQRWWRORVH
RQHZRUGRIZKDW,DPDERXWWRKDYHWKHKRQRURIVD\LQJWR
WKH&RXQWRI0RQWH&ULVWRIRULWPXVWEHUHSHDWHGE\\RXWR
DOOZKRZLOOOLVWHQWRLWVWUDQJHDVLWPD\DSSHDUWR\RX
3URFHHGVLUVDLGWKHFRXQW
6LUVDLG$OEHUWDWILUVWZLWKDWUHPXORXVYRLFHEXW
ZKLFKJUDGXDOO\EHFDXVHILUPHU,UHSURDFKHG\RXZLWK
H[SRVLQJWKHFRQGXFWRI0GH0RUFHUILQ(SLUXVIRUJXLOW\
DV,NQHZKHZDV,WKRXJKW\RXKDGQRULJKWWRSXQLVKKLP
EXW,KDYHVLQFHOHDUQHGWKDW\RXKDGWKDWULJKW,WLVQRW
)HUQDQG0RQGHJR
VWUHDFKHU\WRZDUGV$OL3DVKDZKLFKLQGXFHV
PHVRUHDGLO\WRH[FXVH\RXEXWWKHWUHDFKHU\RIWKH
ILVKHUPDQ)HUQDQGWRZDUGV\RXDQGWKHDOPRVWXQKHDUGRI
PLVHULHVZKLFKZHUHLWVFRQVHTXHQFHVDQG,VD\DQG
SURFODLPLWSXEOLFO\WKDW\RXZHUHMXVWLILHGLQUHYHQJLQJ
\RXUVHOIRQP\IDWKHUDQG,KLVVRQWKDQN\RXIRUQRW
XVLQJJUHDWHUVHYHULW\
+DGDWKXQGHUEROWIDOOHQLQWKHPLGVWRIWKHVSHFWDWRUVRI
WKLVXQH[SHFWHGVFHQHLWZRXOGQRWKDYHVXUSULVHGWKHPPRUH
WKDQGLG$OEHUW
VGHFODUDWLRQ$VIRU0RQWH&ULVWRKLVH\HV
VORZO\URVHWRZDUGVKHDYHQZLWKDQH[SUHVVLRQRILQILQLWH
JUDWLWXGH+HFRXOGQRWXQGHUVWDQGKRZ$OEHUW
VILHU\
QDWXUHRIZKLFKKHKDGVHHQVRPXFKDPRQJWKH5RPDQ
EDQGLWVKDGVXGGHQO\VWRRSHGWRWKLVKXPLOLDWLRQ+H
UHFRJQL]HGWKHLQIOXHQFHRI0HUFHGHVDQGVDZZK\KHUQREOH
KHDUWKDGQRWRSSRVHGWKHVDFULILFHVKHNQHZEHIRUHKDQG
ZRXOGEHXVHOHVV1RZVLUVDLG$OEHUWLI\RXWKLQNP\

1143

DSRORJ\VXIILFLHQWSUD\JLYHPH\RXUKDQG1H[WWRWKH
PHULWRILQIDOOLELOLW\ZKLFK\RXDSSHDUWRSRVVHVV,UDQN
WKDWRIFDQGLGO\DFNQRZOHGJLQJDIDXOW%XWWKLVFRQIHVVLRQ
FRQFHUQVPHRQO\,DFWHGZHOODVDPDQEXW\RXKDYHDFWHG
EHWWHUWKDQPDQ$QDQJHODORQHFRXOGKDYHVDYHGRQHRIXV
IURPGHDWKWKDWDQJHOFDPHIURPKHDYHQLIQRWWRPDNHXV
IULHQGV ZKLFKDODVIDWDOLW\UHQGHUVLPSRVVLEOH DWOHDVW
WRPDNHXVHVWHHPHDFKRWKHU
0RQWH&ULVWRZLWKPRLVWHQHGH\HKHDYLQJEUHDVWDQGOLSV
KDOIRSHQH[WHQGHGWR$OEHUWDKDQGZKLFKWKHODWWHU
SUHVVHGZLWKDVHQWLPHQWUHVHPEOLQJUHVSHFWIXOIHDU
*HQWOHPHQVDLGKH0GH0RQWH&ULVWRUHFHLYHVP\
DSRORJ\,KDGDFWHGKDVWLO\WRZDUGVKLP+DVW\DFWLRQVDUH
JHQHUDOO\EDGRQHV1RZP\IDXOWLVUHSDLUHG,KRSHWKH
ZRUOGZLOOQRWFDOOPHFRZDUGO\IRUDFWLQJDVP\FRQVFLHQFH
GLFWDWHG%XWLIDQ\RQHVKRXOGHQWHUWDLQDIDOVHRSLQLRQRI
PHDGGHGKHGUDZLQJKLPVHOIXSDVLIKHZRXOGFKDOOHQJH
ERWKIULHQGVDQGHQHPLHV,VKDOOHQGHDYRUWRFRUUHFWKLV
PLVWDNH
:KDWKDSSHQHGGXULQJWKHQLJKW"DVNHG%HDXFKDPSRI
&KDWHDX5HQDXGZHDSSHDUWRPDNHDYHU\VRUU\ILJXUH
KHUH
,QWUXWKZKDW$OEHUWKDVMXVWGRQHLVHLWKHUYHU\
GHVSLFDEOHRUYHU\QREOHUHSOLHGWKHEDURQ
:KDWFDQLWPHDQ"VDLG'HEUD\WR)UDQ]7KH&RXQWRI
0RQWH&ULVWRDFWVGLVKRQRUDEO\WR0GH0RUFHUIDQGLV
MXVWLILHGE\KLVVRQ+DG,WHQ<DQLQDVLQP\IDPLO\,
VKRXOGRQO\FRQVLGHUP\VHOIWKHPRUHERXQGWRILJKWWHQ
WLPHV$VIRU0RQWH&ULVWRKLVKHDGZDVEHQWGRZQKLV
DUPVZHUHSRZHUOHVV%RZLQJXQGHUWKHZHLJKWRIWZHQW\IRXU
\HDUV
UHPLQLVFHQFHVKHWKRXJKWQRWRI$OEHUWRI
%HDXFKDPSRI&KDWHDX5HQDXGRURIDQ\RIWKDWJURXSEXW
KHWKRXJKWRIWKDWFRXUDJHRXVZRPDQZKRKDGFRPHWRSOHDG
IRUKHUVRQ
VOLIHWRZKRPKHKDGRIIHUHGKLVDQGZKRKDG
QRZVDYHGLWE\WKHUHYHODWLRQRIDGUHDGIXOIDPLO\VHFUHW
FDSDEOHRIGHVWUR\LQJIRUHYHULQWKDW\RXQJPDQ
VKHDUW
HYHU\IHHOLQJRIILOLDOSLHW\
3URYLGHQFHVWLOOPXUPXUHGKHQRZRQO\DP,IXOO\
FRQYLQFHGRIEHLQJWKHHPLVVDU\RI*RG

1144

&KDSWHU
0RWKHUDQG6RQ
7KH&RXQWRI0RQWH&ULVWRERZHGWRWKHILYH\RXQJPHQZLWKD
PHODQFKRO\DQGGLJQLILHGVPLOHDQGJRWLQWRKLVFDUULDJH
ZLWK0D[LPLOLDQDQG(PPDQXHO$OEHUW%HDXFKDPSDQG
&KDWHDX5HQDXGUHPDLQHGDORQH$OEHUWORRNHGDWKLVWZR
IULHQGVQRWWLPLGO\EXWLQDZD\WKDWDSSHDUHGWRDVN
WKHLURSLQLRQRIZKDWKHKDGMXVWGRQH
,QGHHGP\GHDUIULHQGVDLG%HDXFKDPSILUVWZKRKDG
HLWKHUWKHPRVWIHHOLQJRUWKHOHDVWGLVVLPXODWLRQDOORZ
PHWRFRQJUDWXODWH\RXWKLVLVDYHU\XQKRSHGIRU
FRQFOXVLRQRIDYHU\GLVDJUHHDEOHDIIDLU
$OEHUWUHPDLQHGVLOHQWDQGZUDSSHGLQWKRXJKW
&KDWHDX5HQDXGFRQWHQWHGKLPVHOIZLWKWDSSLQJKLVERRWZLWK
KLVIOH[LEOHFDQH$UHZHQRWJRLQJ"VDLGKHDIWHUWKLV
HPEDUUDVVLQJVLOHQFH:KHQ\RXSOHDVHUHSOLHG%HDXFKDPS
DOORZPHRQO\WRFRPSOLPHQW0GH0RUFHUIZKRKDVJLYHQ
SURRIWRGD\RIUDUHFKLYDOULFJHQHURVLW\
2K\HVVDLG&KDWHDX5HQDXG
,WLVPDJQLILFHQWFRQWLQXHG%HDXFKDPSWREHDEOHWR
H[HUFLVHVRPXFKVHOIFRQWURO
$VVXUHGO\DVIRUPH,VKRXOGKDYHEHHQLQFDSDEOHRILW
VDLG&KDWHDX5HQDXGZLWKPRVWVLJQLILFDQWFRROQHVV
*HQWOHPHQLQWHUUXSWHG$OEHUW,WKLQN\RXGLGQRW
XQGHUVWDQGWKDWVRPHWKLQJYHU\VHULRXVKDGSDVVHGEHWZHHQ0
GH0RQWH&ULVWRDQGP\VHOI
3RVVLEO\SRVVLEO\VDLG%HDXFKDPSLPPHGLDWHO\EXWHYHU\
VLPSOHWRQZRXOGQRWEHDEOHWRXQGHUVWDQG\RXUKHURLVPDQG
VRRQHURUODWHU\RXZLOOILQG\RXUVHOIFRPSHOOHGWRH[SODLQ
LWWRWKHPPRUHHQHUJHWLFDOO\WKDQZRXOGEHFRQYHQLHQWWR
\RXUERGLO\KHDOWKDQGWKHGXUDWLRQRI\RXUOLIH0D\,JLYH
\RXDIULHQGO\FRXQVHO"6HWRXWIRU1DSOHVWKH+DJXHRU
6W3HWHUVEXUJFDOPFRXQWULHVZKHUHWKHSRLQWRIKRQRU

1145

LVEHWWHUXQGHUVWRRGWKDQDPRQJRXUKRWKHDGHG3DULVLDQV
6HHNTXLHWXGHDQGREOLYLRQVRWKDW\RXPD\UHWXUQSHDFHDEO\
WR)UDQFHDIWHUDIHZ\HDUV$P,QRWULJKW0GH
&KDWHDX5HQDXG"
7KDWLVTXLWHP\RSLQLRQVDLGWKHJHQWOHPDQQRWKLQJ
LQGXFHVVHULRXVGXHOVVRPXFKDVDGXHOIRUVZRUQ
7KDQN\RXJHQWOHPHQUHSOLHG$OEHUWZLWKDVPLOHRI
LQGLIIHUHQFH,VKDOOIROORZ\RXUDGYLFHQRWEHFDXVH\RX
JLYHLWEXWEHFDXVH,KDGEHIRUHLQWHQGHGWRTXLW)UDQFH,
WKDQN\RXHTXDOO\IRUWKHVHUYLFH\RXKDYHUHQGHUHGPHLQ
EHLQJP\VHFRQGV,WLVGHHSO\HQJUDYHGRQP\KHDUWDQG
DIWHUZKDW\RXKDYHMXVWVDLG,UHPHPEHUWKDWRQO\
&KDWHDX5HQDXGDQG%HDXFKDPSORRNHGDWHDFKRWKHUWKH
LPSUHVVLRQZDVWKHVDPHRQERWKRIWKHPDQGWKHWRQHLQ
ZKLFK0RUFHUIKDGMXVWH[SUHVVHGKLVWKDQNVZDVVR
GHWHUPLQHGWKDWWKHSRVLWLRQZRXOGKDYHEHFRPHHPEDUUDVVLQJ
IRUDOOLIWKHFRQYHUVDWLRQKDGFRQWLQXHG
*RRGE\$OEHUWVDLG%HDXFKDPSVXGGHQO\FDUHOHVVO\
H[WHQGLQJKLVKDQGWRWKH\RXQJPDQ7KHODWWHUGLGQRW
DSSHDUWRDURXVHIURPKLVOHWKDUJ\LQIDFWKHGLGQRW
QRWLFHWKHRIIHUHGKDQG*RRGE\VDLG&KDWHDX5HQDXGLQ
KLVWXUQNHHSLQJKLVOLWWOHFDQHLQKLVOHIWKDQGDQG
VDOXWLQJZLWKKLVULJKW$OEHUW
VOLSVVFDUFHO\ZKLVSHUHG
*RRGE\EXWKLVORRNZDVPRUHH[SOLFLWLWH[SUHVVHGD
ZKROHSRHPRIUHVWUDLQHGDQJHUSURXGGLVGDLQDQGJHQHURXV
LQGLJQDWLRQ+HSUHVHUYHGKLVPHODQFKRO\DQGPRWLRQOHVV
SRVLWLRQIRUVRPHWLPHDIWHUKLVWZRIULHQGVKDGUHJDLQHG
WKHLUFDUULDJHWKHQVXGGHQO\XQIDVWHQLQJKLVKRUVHIURPWKH
OLWWOHWUHHWRZKLFKKLVVHUYDQWKDGWLHGLWKHPRXQWHGDQG
JDOORSHGRIILQWKHGLUHFWLRQRI3DULV
,QDTXDUWHURIDQKRXUKHZDVHQWHULQJWKHKRXVHLQWKH5XH
GX+HOGHU$VKHDOLJKWHGKHWKRXJKWKHVDZKLVIDWKHU
V
SDOHIDFHEHKLQGWKHFXUWDLQRIWKHFRXQW
VEHGURRP$OEHUW
WXUQHGDZD\KLVKHDGZLWKDVLJKDQGZHQWWRKLVRZQ
DSDUWPHQWV+HFDVWRQHOLQJHULQJORRNRQDOOWKHOX[XULHV
ZKLFKKDGUHQGHUHGOLIHVRHDV\DQGVRKDSS\VLQFHKLV
LQIDQF\KHORRNHGDWWKHSLFWXUHVZKRVHIDFHVVHHPHGWR
VPLOHDQGWKHODQGVFDSHVZKLFKDSSHDUHGSDLQWHGLQ
EULJKWHUFRORUV7KHQKHWRRNDZD\KLVPRWKHU
VSRUWUDLW
ZLWKLWVRDNHQIUDPHOHDYLQJWKHJLOWIUDPHIURPZKLFKKH

1146

WRRNLWEODFNDQGHPSW\7KHQKHDUUDQJHGDOOKLVEHDXWLIXO
7XUNLVKDUPVKLVILQH(QJOLVKJXQVKLV-DSDQHVHFKLQDKLV
FXSVPRXQWHGLQVLOYHUKLVDUWLVWLFEURQ]HVE\)HXFKHUHV
DQG%DU\HH[DPLQHGWKHFXSERDUGVDQGSODFHGWKHNH\LQ
HDFKWKUHZLQWRDGUDZHURIKLVVHFUHWDU\ZKLFKKHOHIW
RSHQDOOWKHSRFNHWPRQH\KHKDGDERXWKLPDQGZLWKLWWKH
WKRXVDQGIDQF\MHZHOVIURPKLVYDVHVDQGKLVMHZHOER[HV
WKHQKHPDGHDQH[DFWLQYHQWRU\RIHYHU\WKLQJDQGSODFHGLW
LQWKHPRVWFRQVSLFXRXVSDUWRIWKHWDEOHDIWHUSXWWLQJ
DVLGHWKHERRNVDQGSDSHUVZKLFKKDGFROOHFWHGWKHUH
$WWKHEHJLQQLQJRIWKLVZRUNKLVVHUYDQWQRWZLWKVWDQGLQJ
RUGHUVWRWKHFRQWUDU\FDPHWRKLVURRP:KDWGR\RX
ZDQW"DVNHGKHZLWKDPRUHVRUURZIXOWKDQDQJU\WRQH
3DUGRQPHVLUUHSOLHGWKHYDOHW\RXKDGIRUELGGHQPH
WRGLVWXUE\RXEXWWKH&RXQWRI0RUFHUIKDVFDOOHGPH
:HOOVDLG$OEHUW
,GLGQRWOLNHWRJRWRKLPZLWKRXWILUVWVHHLQJ\RX
:K\"
%HFDXVHWKHFRXQWLVGRXEWOHVVDZDUHWKDW,DFFRPSDQLHG\RX
WRWKHPHHWLQJWKLVPRUQLQJ
,WLVSUREDEOHVDLG$OEHUW
$QGVLQFHKHKDVVHQWIRUPHLWLVGRXEWOHVVWRTXHVWLRQ
PHRQZKDWKDSSHQHGWKHUH:KDWPXVW,DQVZHU"
7KHWUXWK
7KHQ,VKDOOVD\WKHGXHOGLGQRWWDNHSODFH"
<RXZLOOVD\,DSRORJL]HGWRWKH&RXQWRI0RQWH&ULVWR
*R
7KHYDOHWERZHGDQGUHWLUHGDQG$OEHUWUHWXUQHGWRKLV
LQYHQWRU\$VKHZDVILQLVKLQJWKLVZRUNWKHVRXQGRI
KRUVHVSUDQFLQJLQWKH\DUGDQGWKHZKHHOVRIDFDUULDJH
VKDNLQJKLVZLQGRZDWWUDFWHGKLVDWWHQWLRQ+HDSSURDFKHG
WKHZLQGRZDQGVDZKLVIDWKHUJHWLQWRLWDQGGULYHDZD\
7KHGRRUZDVVFDUFHO\FORVHGZKHQ$OEHUWEHQWKLVVWHSVWR

1147

KLVPRWKHU
VURRPDQGQRRQHEHLQJWKHUHWRDQQRXQFHKLP
KHDGYDQFHGWRKHUEHGFKDPEHUDQGGLVWUHVVHGE\ZKDWKH
VDZDQGJXHVVHGVWRSSHGIRURQHPRPHQWDWWKHGRRU$VLI
WKHVDPHLGHDKDGDQLPDWHGWKHVHWZREHLQJV0HUFHGHVZDV
GRLQJWKHVDPHLQKHUDSDUWPHQWVWKDWKHKDGMXVWGRQHLQ
KLV(YHU\WKLQJZDVLQRUGHUODFHVGUHVVHVMHZHOV
OLQHQPRQH\DOOZHUHDUUDQJHGLQWKHGUDZHUVDQGWKH
FRXQWHVVZDVFDUHIXOO\FROOHFWLQJWKHNH\V$OEHUWVDZDOO
WKHVHSUHSDUDWLRQVDQGXQGHUVWRRGWKHPDQGH[FODLPLQJ0\
PRWKHUKHWKUHZKLVDUPVDURXQGKHUQHFN
7KHDUWLVWZKRFRXOGKDYHGHSLFWHGWKHH[SUHVVLRQRIWKHVH
WZRFRXQWHQDQFHVZRXOGFHUWDLQO\KDYHPDGHRIWKHPD
EHDXWLIXOSLFWXUH$OOWKHVHSURRIVRIDQHQHUJHWLF
UHVROXWLRQZKLFK$OEHUWGLGQRWIHDURQKLVRZQDFFRXQW
DODUPHGKLPIRUKLVPRWKHU:KDWDUH\RXGRLQJ"DVNHGKH
:KDWZHUH\RXGRLQJ"UHSOLHGVKH
2KP\PRWKHUH[FODLPHG$OEHUWVRRYHUFRPHKHFRXOG
VFDUFHO\VSHDNLWLVQRWWKHVDPHZLWK\RXDQGPH\RX
FDQQRWKDYHPDGHWKHVDPHUHVROXWLRQ,KDYHIRU,KDYHFRPH
WRZDUQ\RXWKDW,ELGDGLHXWR\RXUKRXVHDQGDQGWR
\RX
,DOVRUHSOLHG0HUFHGHVDPJRLQJDQG,DFNQRZOHGJH,
KDGGHSHQGHGRQ\RXUDFFRPSDQ\LQJPHKDYH,GHFHLYHG
P\VHOI"
0RWKHUVDLG$OEHUWZLWKILUPQHVV,FDQQRWPDNH\RX
VKDUHWKHIDWH,KDYHSODQQHGIRUP\VHOI,PXVWOLYH
KHQFHIRUWKZLWKRXWUDQNDQGIRUWXQHDQGWREHJLQWKLVKDUG
DSSUHQWLFHVKLS,PXVWERUURZIURPDIULHQGWKHORDI,VKDOO
HDWXQWLO,KDYHHDUQHGRQH6RP\GHDUPRWKHU,DPJRLQJ
DWRQFHWRDVN)UDQ]WROHQGPHWKHVPDOOVXP,VKDOO
UHTXLUHWRVXSSO\P\SUHVHQWZDQWV
<RXP\SRRUFKLOGVXIIHUSRYHUW\DQGKXQJHU"2KGRQRW
VD\VRLWZLOOEUHDNP\UHVROXWLRQV
%XWQRWPLQHPRWKHUUHSOLHG$OEHUW,DP\RXQJDQG
VWURQJ,EHOLHYH,DPFRXUDJHRXVDQGVLQFH\HVWHUGD\,
KDYHOHDUQHGWKHSRZHURIZLOO$ODVP\GHDUPRWKHUVRPH
KDYHVXIIHUHGVRPXFKDQG\HWOLYHDQGKDYHUDLVHGDQHZ

1148

IRUWXQHRQWKHUXLQRIDOOWKHSURPLVHVRIKDSSLQHVVZKLFK
KHDYHQKDGPDGHWKHPRQWKHIUDJPHQWVRIDOOWKHKRSH
ZKLFK*RGKDGJLYHQWKHP,KDYHVHHQWKDWPRWKHU,NQRZ
WKDWIURPWKHJXOILQZKLFKWKHLUHQHPLHVKDYHSOXQJHGWKHP
WKH\KDYHULVHQZLWKVRPXFKYLJRUDQGJORU\WKDWLQWKHLU
WXUQWKH\KDYHUXOHGWKHLUIRUPHUFRQTXHURUVDQGKDYH
SXQLVKHGWKHP1RPRWKHUIURPWKLVPRPHQW,KDYHGRQHZLWK
WKHSDVWDQGDFFHSWQRWKLQJIURPLWQRWHYHQDQDPH
EHFDXVH\RXFDQXQGHUVWDQGWKDW\RXUVRQFDQQRWEHDUWKH
QDPHRIDPDQZKRRXJKWWREOXVKIRULWEHIRUHDQRWKHU
$OEHUWP\FKLOGVDLG0HUFHGHVLI,KDGDVWURQJHU
KHDUWWKDWLVWKHFRXQVHO,ZRXOGKDYHJLYHQ\RX\RXU
FRQVFLHQFHKDVVSRNHQZKHQP\YRLFHEHFDPHWRRZHDNOLVWHQ
WRLWVGLFWDWHV<RXKDGIULHQGV$OEHUWEUHDNRIIWKHLU
DFTXDLQWDQFH%XWGRQRWGHVSDLU\RXKDYHOLIHEHIRUH\RX
P\GHDU$OEHUWIRU\RXDUH\HWVFDUFHO\WZHQW\WZR\HDUV
ROGDQGDVDSXUHKHDUWOLNH\RXUVZDQWVDVSRWOHVVQDPH
WDNHP\IDWKHU
VLWZDV+HUUHUD,DPVXUHP\GHDU
$OEHUWZKDWHYHUPD\EH\RXUFDUHHU\RXZLOOVRRQUHQGHU
WKDWQDPHLOOXVWULRXV7KHQP\VRQUHWXUQWRWKHZRUOG
VWLOOPRUHEULOOLDQWEHFDXVHRI\RXUIRUPHUVRUURZVDQGLI
,DPZURQJVWLOOOHWPHFKHULVKWKHVHKRSHVIRU,KDYHQR
IXWXUHWRORRNIRUZDUGWR)RUPHWKHJUDYHRSHQVZKHQ,
SDVVWKHWKUHVKROGRIWKLVKRXVH
,ZLOOIXOILODOO\RXUZLVKHVP\GHDUPRWKHUVDLGWKH
\RXQJPDQ<HV,VKDUH\RXUKRSHVWKHDQJHURIKHDYHQ
ZLOOQRWSXUVXHXVVLQFH\RXDUHSXUHDQG,DPLQQRFHQW
%XWVLQFHRXUUHVROXWLRQLVIRUPHGOHWXVDFWSURPSWO\0
GH0RUFHUIZHQWRXWDERXWKDOIDQKRXUDJRWKHRSSRUWXQLW\
LQIDYRUDEOHWRDYRLGDQH[SODQDWLRQ
,DPUHDG\P\VRQVDLG0HUFHGHV$OEHUWUDQWRIHWFKD
FDUULDJH+HUHFROOHFWHGWKDWWKHUHZDVDVPDOOIXUQLVKHG
KRXVHWROHWLQWKH5XHGH6DLQWV3HUHVZKHUHKLVPRWKHU
ZRXOGILQGDKXPEOHEXWGHFHQWORGJLQJDQGWKLWKHUKH
LQWHQGHGFRQGXFWLQJWKHFRXQWHVV$VWKHFDUULDJHVWRSSHGDW
WKHGRRUDQG$OEHUWZDVDOLJKWLQJDPDQDSSURDFKHGDQG
JDYHKLPDOHWWHU$OEHUWUHFRJQL]HGWKHEHDUHU)URPWKH
FRXQWVDLG%HUWXFFLR$OEHUWWRRNWKHOHWWHURSHQHGDQG
UHDGLWWKHQORRNHGURXQGIRU%HUWXFFLREXWKHZDVJRQH
+HUHWXUQHGWR0HUFHGHVZLWKWHDUVLQKLVH\HVDQGKHDYLQJ
EUHDVWDQGZLWKRXWXWWHULQJDZRUGKHJDYHKHUWKHOHWWHU

1149

0HUFHGHVUHDG
$OEHUW:KLOHVKRZLQJ\RXWKDW,KDYHGLVFRYHUHG\RXU
SODQV,KRSHDOVRWRFRQYLQFH\RXRIP\GHOLFDF\<RXDUH
IUHH\RXOHDYHWKHFRXQW
VKRXVHDQG\RXWDNH\RXUPRWKHU
WR\RXUKRPHEXWUHIOHFW$OEHUW\RXRZHKHUPRUHWKDQ
\RXUSRRUQREOHKHDUWFDQSD\KHU.HHSWKHVWUXJJOHIRU
\RXUVHOIEHDUDOOWKHVXIIHULQJEXWVSDUHKHUWKHWULDORI
SRYHUW\ZKLFKPXVWDFFRPSDQ\\RXUILUVWHIIRUWVIRUVKH
GHVHUYHVQRWHYHQWKHVKDGRZRIWKHPLVIRUWXQHZKLFKKDV
WKLVGD\IDOOHQRQKHUDQGSURYLGHQFHLVQRWZLOOLQJWKDW
WKHLQQRFHQWVKRXOGVXIIHUIRUWKHJXLOW\,NQRZ\RXDUH
JRLQJWROHDYHWKH5XHGX+HOGHUZLWKRXWWDNLQJDQ\WKLQJ
ZLWK\RX'RQRWVHHNWRNQRZKRZ,GLVFRYHUHGLW,NQRZLW
WKDWLVVXIILFLHQW
1RZOLVWHQ$OEHUW7ZHQW\IRXU\HDUVDJR,UHWXUQHGSURXG
DQGMR\IXOWRP\FRXQWU\,KDGDEHWURWKHG$OEHUWD
ORYHO\JLUOZKRP,DGRUHGDQG,ZDVEULQJLQJWRP\
EHWURWKHGDKXQGUHGDQGILIW\ORXLVSDLQIXOO\DPDVVHGE\
FHDVHOHVVWRLO7KLVPRQH\ZDVIRUKHU,GHVWLQHGLWIRU
KHUDQGNQRZLQJWKHWUHDFKHU\RIWKHVHD,EXULHGRXU
WUHDVXUHLQWKHOLWWOHJDUGHQRIWKHKRXVHP\IDWKHUOLYHG
LQDW0DUVHLOOHVRQWKH$OOHHVGH0HLOODQ<RXUPRWKHU
$OEHUWNQRZVWKDWSRRUKRXVHZHOO$VKRUWWLPHVLQFH,
SDVVHGWKURXJK0DUVHLOOHVDQGZHQWWRVHHWKHROGSODFH
ZKLFKUHYLYHGVRPDQ\SDLQIXOUHFROOHFWLRQVDQGLQWKH
HYHQLQJ,WRRNDVSDGHDQGGXJLQWKHFRUQHURIWKHJDUGHQ
ZKHUH,KDGFRQFHDOHGP\WUHDVXUH7KHLURQER[ZDVWKHUH
QRRQHKDGWRXFKHGLWXQGHUDEHDXWLIXOILJWUHHP\
IDWKHUKDGSODQWHGWKHGD\,ZDVERUQZKLFKRYHUVKDGRZHG
WKHVSRW:HOO$OEHUWWKLVPRQH\ZKLFKZDVIRUPHUO\
GHVLJQHGWRSURPRWHWKHFRPIRUWDQGWUDQTXLOOLW\RIWKH
ZRPDQ,DGRUHGPD\QRZWKURXJKVWUDQJHDQGSDLQIXO
FLUFXPVWDQFHVEHGHYRWHGWRWKHVDPHSXUSRVH2KIHHOIRU
PHZKRFRXOGRIIHUPLOOLRQVWRWKDWSRRUZRPDQEXWZKR
UHWXUQKHURQO\WKHSLHFHRIEODFNEUHDGIRUJRWWHQXQGHUP\
SRRUURRIVLQFHWKHGD\,ZDVWRUQIURPKHU,ORYHG<RXDUH
DJHQHURXVPDQ$OEHUWEXWSHUKDSV\RXPD\EHEOLQGHGE\
SULGHRUUHVHQWPHQWLI\RXUHIXVHPHLI\RXDVNDQRWKHU
IRUZKDW,KDYHDULJKWWRRIIHU\RX,ZLOOVD\LWLV
XQJHQHURXVRI\RXWRUHIXVHWKHOLIHRI\RXUPRWKHUDWWKH
KDQGVRIDPDQZKRVHIDWKHUZDVDOORZHGE\\RXUIDWKHUWR
GLHLQDOOWKHKRUURUVRISRYHUW\DQGGHVSDLU

1150

$OEHUWVWRRGSDOHDQGPRWLRQOHVVWRKHDUZKDWKLVPRWKHU
ZRXOGGHFLGHDIWHUVKHKDGILQLVKHGUHDGLQJWKLVOHWWHU
0HUFHGHVWXUQHGKHUH\HVZLWKDQLQHIIDEOHORRNWRZDUGV
KHDYHQ,DFFHSWLWVDLGVKHKHKDVDULJKWWRSD\WKH
GRZU\ZKLFK,VKDOOWDNHZLWKPHWRVRPHFRQYHQW3XWWLQJ
WKHOHWWHULQKHUERVRPVKHWRRNKHUVRQ
VDUPDQGZLWKD
ILUPHUVWHSWKDQVKHHYHQKHUVHOIH[SHFWHGVKHZHQW
GRZQVWDLUV

&KDSWHU
7KH6XLFLGH
0HDQZKLOH0RQWH&ULVWRKDGDOVRUHWXUQHGWRWRZQZLWK
(PPDQXHODQG0D[LPLOLDQ7KHLUUHWXUQZDVFKHHUIXO(PPDQXHO
GLGQRWFRQFHDOKLVMR\DWWKHSHDFHIXOWHUPLQDWLRQRIWKH
DIIDLUDQGZDVORXGLQKLVH[SUHVVLRQVRIGHOLJKW0RUUHO
LQDFRUQHURIWKHFDUULDJHDOORZHGKLVEURWKHULQODZ
V
JD\HW\WRH[SHQGLWVHOILQZRUGVZKLOHKHIHOWHTXDOLQZDUG
MR\ZKLFKKRZHYHUEHWUD\HGLWVHOIRQO\LQKLV
FRXQWHQDQFH$WWKH%DUULHUHGX7URQHWKH\PHW%HUWXFFLR
ZKRZDVZDLWLQJWKHUHPRWLRQOHVVDVDVHQWLQHODWKLVSRVW
0RQWH&ULVWRSXWKLVKHDGRXWRIWKHZLQGRZH[FKDQJHGDIHZ
ZRUGVZLWKKLPLQDORZWRQHDQGWKHVWHZDUGGLVDSSHDUHG
&RXQWVDLG(PPDQXHOZKHQWKH\ZHUHDWWKHHQGRIWKH
3ODFH5R\DOHSXWPHGRZQDWP\GRRUWKDWP\ZLIHPD\QRW
KDYHDVLQJOHPRPHQWRIQHHGOHVVDQ[LHW\RQP\DFFRXQWRU
\RXUV
,ILWZHUHQRWULGLFXORXVWRPDNHDGLVSOD\RIRXUWULXPSK
,ZRXOGLQYLWHWKHFRXQWWRRXUKRXVHEHVLGHVWKDWKH
GRXEWOHVVKDVVRPHWUHPEOLQJKHDUWWRFRPIRUW6RZHZLOO
WDNHOHDYHRIRXUIULHQGDQGOHWKLPKDVWHQKRPH
6WRSDPRPHQWVDLG0RQWH&ULVWRGRQRWOHWPHORVHERWK
P\FRPSDQLRQV5HWXUQ(PPDQXHOWR\RXUFKDUPLQJZLIHDQG
SUHVHQWP\EHVWFRPSOLPHQWVWRKHUDQGGR\RX0RUUHO
DFFRPSDQ\PHWRWKH&KDPSV(O\VHHV
:LOOLQJO\VDLG0D[LPLOLDQSDUWLFXODUO\DV,KDYH
EXVLQHVVLQWKDWTXDUWHU

1151

6KDOOZHZDLWEUHDNIDVWIRU\RX"DVNHG(PPDQXHO
1RUHSOLHGWKH\RXQJPDQ7KHGRRUZDVFORVHGDQGWKH
FDUULDJHSURFHHGHG6HHZKDWJRRGIRUWXQH,EURXJKW\RX
VDLG0RUUHOZKHQKHZDVDORQHZLWKWKHFRXQW+DYH\RXQRW
WKRXJKWVR"
<HVVDLG0RQWH&ULVWRIRUWKDWUHDVRQ,ZLVKHGWRNHHS
\RXQHDUPH
,WLVPLUDFXORXVFRQWLQXHG0RUUHODQVZHULQJKLVRZQ
WKRXJKWV
:KDW"VDLG0RQWH&ULVWR
:KDWKDVMXVWKDSSHQHG
<HVVDLGWKH&RXQW\RXDUHULJKWLWLVPLUDFXORXV
)RU$OEHUWLVEUDYHUHVXPHG0RUUHO
9HU\EUDYHVDLG0RQWH&ULVWR,KDYHVHHQKLPVOHHSZLWK
DVZRUGVXVSHQGHGRYHUKLVKHDG
$QG,NQRZKHKDVIRXJKWWZRGXHOVVDLG0RUUHO+RZFDQ
\RXUHFRQFLOHWKDWZLWKKLVFRQGXFWWKLVPRUQLQJ"
$OORZLQJWR\RXULQIOXHQFHUHSOLHG0RQWH&ULVWR
VPLOLQJ
,WLVZHOOIRU$OEHUWKHLVQRWLQWKHDUP\VDLG0RUUHO
:K\"
$QDSRORJ\RQWKHJURXQGVDLGWKH\RXQJFDSWDLQVKDNLQJ
KLVKHDG
&RPHVDLGWKHFRXQWPLOGO\GRQRWHQWHUWDLQWKH
SUHMXGLFHVRIRUGLQDU\PHQ0RUUHO$FNQRZOHGJHWKDWLI
$OEHUWLVEUDYHKHFDQQRWEHDFRZDUGKHPXVWWKHQKDYH
KDGVRPHUHDVRQIRUDFWLQJDVKHGLGWKLVPRUQLQJDQG
FRQIHVVWKDWKLVFRQGXFWLVPRUHKHURLFWKDQRWKHUZLVH
'RXEWOHVVGRXEWOHVVVDLG0RUUHOEXW,VKDOOVD\OLNH

1152

WKH6SDQLDUGC+HKDVQRWEHHQVREUDYHWRGD\DVKHZDV
\HVWHUGD\

<RXZLOOEUHDNIDVWZLWKPHZLOO\RXQRW0RUUHO"VDLGWKH
FRXQWWRWXUQWKHFRQYHUVDWLRQ
1R,PXVWOHDYH\RXDWWHQR
FORFN
<RXUHQJDJHPHQWZDVIRUEUHDNIDVWWKHQ"VDLGWKHFRXQW
0RUUHOVPLOHGDQGVKRRNKLVKHDG6WLOO\RXPXVWEUHDNIDVW
VRPHZKHUH
%XWLI,DPQRWKXQJU\"VDLGWKH\RXQJPDQ
2KVDLGWKHFRXQW,RQO\NQRZWZRWKLQJVZKLFKGHVWUR\
WKHDSSHWLWHJULHIDQGDV,DPKDSS\WRVHH\RXYHU\
FKHHUIXOLWLVQRWWKDWDQGORYH1RZDIWHUZKDW\RX
WROGPHWKLVPRUQLQJRI\RXUKHDUW,PD\EHOLHYH
:HOOFRXQWUHSOLHG0RUUHOJD\O\,ZLOOQRWGLVSXWH
LW
%XW\RXZLOOQRWPDNHPH\RXUFRQILGDQW0D[LPLOLDQ"VDLG
WKHFRXQWLQDWRQHZKLFKVKRZHGKRZJODGO\KHZRXOGKDYH
EHHQDGPLWWHGWRWKHVHFUHW
,VKRZHG\RXWKLVPRUQLQJWKDW,KDGDKHDUWGLG,QRW
FRXQW"0RQWH&ULVWRRQO\DQVZHUHGE\H[WHQGLQJKLVKDQGWR
WKH\RXQJPDQ:HOOFRQWLQXHGWKHODWWHUVLQFHWKDW
KHDUWLVQRORQJHUZLWK\RXLQWKH%RLVGH9LQFHQQHVLWLV
HOVHZKHUHDQG,PXVWJRDQGILQGLW
*RVDLGWKHFRXQWGHOLEHUDWHO\JRGHDUIULHQGEXW
SURPLVHPHLI\RXPHHWZLWKDQ\REVWDFOHWRUHPHPEHUWKDW,
KDYHVRPHSRZHULQWKLVZRUOGWKDW,DPKDSS\WRXVHWKDW
SRZHULQWKHEHKDOIRIWKRVH,ORYHDQGWKDW,ORYH\RX
0RUUHO
,ZLOOUHPHPEHULWVDLGWKH\RXQJPDQDVVHOILVK
FKLOGUHQUHFROOHFWWKHLUSDUHQWVZKHQWKH\ZDQWWKHLUDLG
:KHQ,QHHG\RXUDVVLVWDQFHDQGWKHPRPHQWDUULYHV,ZLOO
FRPHWR\RXFRXQW

1153

:HOO,UHO\XSRQ\RXUSURPLVH*RRGE\WKHQ
*RRGE\WLOOZHPHHWDJDLQ7KH\KDGDUULYHGLQWKH
&KDPSV(O\VHHV0RQWH&ULVWRRSHQHGWKHFDUULDJHGRRU
0RUUHOVSUDQJRXWRQWKHSDYHPHQW%HUWXFFLRZDVZDLWLQJRQ
WKHVWHSV0RUUHOGLVDSSHDUHGGRZQWKH$YHQXHGH0DULJQ\
DQG0RQWH&ULVWRKDVWHQHGWRMRLQ%HUWXFFLR
:HOO"DVNHGKH
6KHLVJRLQJWROHDYHKHUKRXVHVDLGWKHVWHZDUG
$QGKHUVRQ"
)ORUHQWLQKLVYDOHWWKLQNVKHLVJRLQJWRGRWKHVDPH
&RPHWKLVZD\0RQWH&ULVWRWRRN%HUWXFFLRLQWRKLVVWXG\
ZURWHWKHOHWWHUZHKDYHVHHQDQGJDYHLWWRWKHVWHZDUG
*RVDLGKHTXLFNO\%XWILUVWOHW+DLGHHEHLQIRUPHG
WKDW,KDYHUHWXUQHG
+HUH,DPVDLGWKH\RXQJJLUOZKRDWWKHVRXQGRIWKH
FDUULDJHKDGUXQGRZQVWDLUVDQGZKRVHIDFHZDVUDGLDQWZLWK
MR\DWVHHLQJWKHFRXQWUHWXUQVDIHO\%HUWXFFLROHIW(YHU\
WUDQVSRUWRIDGDXJKWHUILQGLQJDIDWKHUDOOWKHGHOLJKWRI
DPLVWUHVVVHHLQJDQDGRUHGORYHUZHUHIHOWE\+DLGHH
GXULQJWKHILUVWPRPHQWVRIWKLVPHHWLQJZKLFKVKHKDGVR
HDJHUO\H[SHFWHG'RXEWOHVVDOWKRXJKOHVVHYLGHQW0RQWH
&ULVWR
VMR\ZDVQRWOHVVLQWHQVH-R\WRKHDUWVZKLFKKDYH
VXIIHUHGORQJLVOLNHWKHGHZRQWKHJURXQGDIWHUDORQJ
GURXJKWERWKWKHKHDUWDQGWKHJURXQGDEVRUEWKDW
EHQLILFHQWPRLVWXUHIDOOLQJRQWKHPDQGQRWKLQJLV
RXWZDUGO\DSSDUHQW
0RQWH&ULVWRZDVEHJLQQLQJWRWKLQNZKDWKHKDGQRWIRUD
ORQJWLPHGDUHGWREHOLHYHWKDWWKHUHZHUHWZR0HUFHGHVLQ
WKHZRUOGDQGKHPLJKW\HWEHKDSS\+LVH\HHODWHZLWK
KDSSLQHVVZDVUHDGLQJHDJHUO\WKHWHDUIXOJD]HRI+DLGHH
ZKHQVXGGHQO\WKHGRRURSHQHG7KHFRXQWNQLWKLVEURZ0
GH0RUFHUIVDLG%DSWLVWLQDVLIWKDWQDPHVXIILFHGIRU
KLVH[FXVH,QIDFWWKHFRXQW
VIDFHEULJKWHQHG
:KLFKDVNHGKHWKHYLVFRXQWRUWKHFRXQW"

1154

7KHFRXQW
2KH[FODLPHG+DLGHHLVLWQRW\HWRYHU"
,NQRZQRWLILWLVILQLVKHGP\EHORYHGFKLOGVDLG0RQWH
&ULVWRWDNLQJWKH\RXQJJLUO
VKDQGVEXW,GRNQRZ\RX
KDYHQRWKLQJPRUHWRIHDU
%XWLWLVWKHZUHWFKHG
7KDWPDQFDQQRWLQMXUHPH+DLGHHVDLG0RQWH&ULVWRLW
ZDVKLVVRQDORQHWKDWWKHUHZDVFDXVHWRIHDU
$QGZKDW,KDYHVXIIHUHGVDLGWKH\RXQJJLUO\RXVKDOO
QHYHUNQRZP\ORUG0RQWH&ULVWRVPLOHG%\P\IDWKHU
V
WRPEVDLGKHH[WHQGLQJKLVKDQGRYHUWKHKHDGRIWKH
\RXQJJLUO,VZHDUWR\RX+DLGHHWKDWLIDQ\PLVIRUWXQH
KDSSHQVLWZLOOQRWEHWRPH
,EHOLHYH\RXP\ORUGDVLPSOLFLWO\DVLI*RGKDGVSRNHQ
WRPHVDLGWKH\RXQJJLUOSUHVHQWLQJKHUIRUHKHDGWRKLP
0RQWH&ULVWRSUHVVHGRQWKDWSXUHEHDXWLIXOIRUHKHDGDNLVV
ZKLFKPDGHWZRKHDUWVWKUREDWRQFHWKHRQHYLROHQWO\WKH
RWKHUKHDYLO\2KPXUPXUHGWKHFRXQWVKDOO,WKHQEH
SHUPLWWHGWRORYHDJDLQ"$VN0GH0RUFHUILQWRWKH
GUDZLQJURRPVDLGKHWR%DSWLVWLQZKLOHKHOHGWKH
EHDXWLIXO*UHHNJLUOWRDSULYDWHVWDLUFDVH
:HPXVWH[SODLQWKLVYLVLWZKLFKDOWKRXJKH[SHFWHGE\0RQWH
&ULVWRLVXQH[SHFWHGWRRXUUHDGHUV:KLOH0HUFHGHVDVZH
KDYHVDLGZDVPDNLQJDVLPLODULQYHQWRU\RIKHUSURSHUW\WR
$OEHUW
VZKLOHVKHZDVDUUDQJLQJKHUMHZHOVVKXWWLQJKHU
GUDZHUVFROOHFWLQJKHUNH\VWROHDYHHYHU\WKLQJLQSHUIHFW
RUGHUVKHGLGQRWSHUFHLYHDSDOHDQGVLQLVWHUIDFHDWD
JODVVGRRUZKLFKWKUHZOLJKWLQWRWKHSDVVDJHIURPZKLFK
HYHU\WKLQJFRXOGEHERWKVHHQDQGKHDUG+HZKRZDVWKXV
ORRNLQJZLWKRXWEHLQJKHDUGRUVHHQSUREDEO\KHDUGDQGVDZ
DOOWKDWSDVVHGLQ0DGDPHGH0RUFHUI
VDSDUWPHQWV)URPWKDW
JODVVGRRUWKHSDOHIDFHGPDQZHQWWRWKHFRXQW
VEHGURRP
DQGUDLVHGZLWKDFRQVWULFWHGKDQGWKHFXUWDLQRIDZLQGRZ
RYHUORRNLQJWKHFRXUW\DUG+HUHPDLQHGWKHUHWHQPLQXWHV
PRWLRQOHVVDQGGXPEOLVWHQLQJWRWKHEHDWLQJRIKLVRZQ
KHDUW)RUKLPWKRVHWHQPLQXWHVZHUHYHU\ORQJ,WZDVWKHQ
$OEHUWUHWXUQLQJIURPKLVPHHWLQJZLWKWKHFRXQWSHUFHLYHG

1155

KLVIDWKHUZDWFKLQJIRUKLVDUULYDOEHKLQGDFXUWDLQDQG
WXUQHGDVLGH7KHFRXQW
VH\HH[SDQGHGKHNQHZ$OEHUWKDG
LQVXOWHGWKHFRXQWGUHDGIXOO\DQGWKDWLQHYHU\FRXQWU\LQ
WKHZRUOGVXFKDQLQVXOWZRXOGOHDGWRDGHDGO\GXHO$OEHUW
UHWXUQHGVDIHO\WKHQWKHFRXQWZDVUHYHQJHG
$QLQGHVFULEDEOHUD\RIMR\LOOXPLQHGWKDWZUHWFKHG
FRXQWHQDQFHOLNHWKHODVWUD\RIWKHVXQEHIRUHLW
GLVDSSHDUVEHKLQGWKHFORXGVZKLFKEHDUWKHDVSHFWQRWRID
GRZQ\FRXFKEXWRIDWRPE%XWDVZHKDYHVDLGKHZDLWHG
LQYDLQIRUKLVVRQWRFRPHWRKLVDSDUWPHQWZLWKWKH
DFFRXQWRIKLVWULXPSK+HHDVLO\XQGHUVWRRGZK\KLVVRQGLG
QRWFRPHWRVHHKLPEHIRUHKHZHQWWRDYHQJHKLVIDWKHU
V
KRQRUEXWZKHQWKDWZDVGRQHZK\GLGQRWKLVVRQFRPHDQG
WKURZKLPVHOILQWRKLVDUPV"
,WZDVWKHQZKHQWKHFRXQWFRXOGQRWVHH$OEHUWWKDWKH
VHQWIRUKLVVHUYDQWZKRKHNQHZZDVDXWKRUL]HGQRWWR
FRQFHDODQ\WKLQJIURPKLP7HQPLQXWHVDIWHUZDUGV*HQHUDO
0RUFHUIZDVVHHQRQWKHVWHSVLQDEODFNFRDWZLWKD
PLOLWDU\FROODUEODFNSDQWDORRQVDQGEODFNJORYHV+HKDG
DSSDUHQWO\JLYHQSUHYLRXVRUGHUVIRUDVKHUHDFKHGWKH
ERWWRPVWHSKLVFDUULDJHFDPHIURPWKHFRDFKKRXVHUHDG\IRU
KLP7KHYDOHWWKUHZLQWRWKHFDUULDJHKLVPLOLWDU\FORDN
LQZKLFKWZRVZRUGVZHUHZUDSSHGDQGVKXWWLQJWKHGRRUKH
WRRNKLVVHDWE\WKHVLGHRIWKHFRDFKPDQ7KHFRDFKPDQ
VWRRSHGGRZQIRUKLVRUGHUV
7RWKH&KDPSV(O\VHHVVDLGWKHJHQHUDOWKH&RXQWRI
0RQWH&ULVWR
V+XUU\7KHKRUVHVERXQGHGEHQHDWKWKHZKLS
DQGLQILYHPLQXWHVWKH\VWRSSHGEHIRUHWKHFRXQW
VGRRU0
GH0RUFHUIRSHQHGWKHGRRUKLPVHOIDQGDVWKHFDUULDJH
UROOHGDZD\KHSDVVHGXSWKHZDONUDQJDQGHQWHUHGWKH
RSHQGRRUZLWKKLVVHUYDQW
$PRPHQWDIWHUZDUGV%DSWLVWLQDQQRXQFHGWKH&RXQWRI
0RUFHUIWR0RQWH&ULVWRDQGWKHODWWHUOHDGLQJ+DLGHH
DVLGHRUGHUHGWKDW0RUFHUIEHDVNHGLQWRWKHGUDZLQJURRP
7KHJHQHUDOZDVSDFLQJWKHURRPWKHWKLUGWLPHZKHQLQ
WXUQLQJKHSHUFHLYHG0RQWH&ULVWRDWWKHGRRU$KLWLV
0GH0RUFHUIVDLG0RQWH&ULVWRTXLHWO\,WKRXJKW,KDG
QRWKHDUGDULJKW
<HVLWLV,VDLGWKHFRXQWZKRPDIULJKWIXOFRQWUDFWLRQ

1156

RIWKHOLSVSUHYHQWHGIURPDUWLFXODWLQJIUHHO\
0D\,NQRZWKHFDXVHZKLFKSURFXUHVPHWKHSOHDVXUHRI
VHHLQJ0GH0RUFHUIVRHDUO\"
+DG\RXQRWDPHHWLQJZLWKP\VRQWKLVPRUQLQJ"DVNHGWKH
JHQHUDO
,KDGUHSOLHGWKHFRXQW
$QG,NQRZP\VRQKDGJRRGUHDVRQVWRZLVKWRILJKWZLWK
\RXDQGWRHQGHDYRUWRNLOO\RX
<HVVLUKHKDGYHU\JRRGRQHVEXW\RXVHHWKDWLQVSLWH
RIWKHPKHKDVQRWNLOOHGPHDQGGLGQRWHYHQILJKW
<HWKHFRQVLGHUHG\RXWKHFDXVHRIKLVIDWKHU
VGLVKRQRU
WKHFDXVHRIWKHIHDUIXOUXLQZKLFKKDVIDOOHQRQP\KRXVH
,WLVWUXHVLUVDLG0RQWH&ULVWRZLWKKLVGUHDGIXO
FDOPQHVVDVHFRQGDU\FDXVHEXWQRWWKHSULQFLSDO
'RXEWOHVV\RXPDGHWKHQVRPHDSRORJ\RUH[SODQDWLRQ"
,H[SODLQHGQRWKLQJDQGLWLVKHZKRDSRORJL]HGWRPH
%XWWRZKDWGR\RXDWWULEXWHWKLVFRQGXFW"
7RWKHFRQYLFWLRQSUREDEO\WKDWWKHUHZDVRQHPRUHJXLOW\
WKDQ,
$QGZKRZDVWKDW"
+LVIDWKHU
7KDWPD\EHVDLGWKHFRXQWWXUQLQJSDOHEXW\RXNQRZ
WKHJXLOW\GRQRWOLNHWRILQGWKHPVHOYHVFRQYLFWHG
,NQRZLWDQG,H[SHFWHGWKLVUHVXOW
<RXH[SHFWHGP\VRQZRXOGEHDFRZDUG"FULHGWKHFRXQW
0$OEHUWGH0RUFHUILVQRFRZDUGVDLG0RQWH&ULVWR

1157

$PDQZKRKROGVDVZRUGLQKLVKDQGDQGVHHVDPRUWDO
HQHP\ZLWKLQUHDFKRIWKDWVZRUGDQGGRHVQRWILJKWLVD
FRZDUG:K\LVKHQRWKHUHWKDW,PD\WHOOKLPVR"
6LUUHSOLHG0RQWH&ULVWRFROGO\,GLGQRWH[SHFWWKDW
\RXKDGFRPHKHUHWRUHODWHWRPH\RXUOLWWOHIDPLO\
DIIDLUV*RDQGWHOO0$OEHUWWKDWDQGKHPD\NQRZZKDWWR
DQVZHU\RX
2KQRQRVDLGWKHJHQHUDOVPLOLQJIDLQWO\,GLGQRW
FRPHIRUWKDWSXUSRVH\RXDUHULJKW,FDPHWRWHOO\RX
WKDW,DOVRORRNXSRQ\RXDVP\HQHP\,FDPHWRWHOO\RX
WKDW,KDWH\RXLQVWLQFWLYHO\WKDWLWVHHPVDVLI,KDG
DOZD\VNQRZQ\RXDQGDOZD\VKDWHG\RXDQGLQVKRUWVLQFH
WKH\RXQJSHRSOHRIWKHSUHVHQWGD\ZLOOQRWILJKWLW
UHPDLQVIRUXVWRGRVR'R\RXWKLQNVRVLU"
&HUWDLQO\$QGZKHQ,WROG\RX,KDGIRUHVHHQWKHUHVXOW
LWLVWKHKRQRURI\RXUYLVLW,DOOXGHGWR
6RPXFKWKHEHWWHU$UH\RXSUHSDUHG"
<HVVLU
<RXNQRZWKDWZHVKDOOILJKWWLOORQHRIXVLVGHDGVDLG
WKHJHQHUDOZKRVHWHHWKZHUHFOLQFKHGZLWKUDJH8QWLORQH
RIXVGLHVUHSHDWHG0RQWH&ULVWRPRYLQJKLVKHDGVOLJKWO\
XSDQGGRZQ
/HWXVVWDUWWKHQZHQHHGQRZLWQHVVHV
9HU\WUXHVDLG0RQWH&ULVWRLWLVXQQHFHVVDU\ZHNQRZ
HDFKRWKHUVRZHOO
2QWKHFRQWUDU\VDLGWKHFRXQWZHNQRZVROLWWOHRI
HDFKRWKHU
,QGHHG"VDLG0RQWH&ULVWRZLWKWKHVDPHLQGRPLWDEOH
FRROQHVVOHWXVVHH$UH\RXQRWWKHVROGLHU)HUQDQGZKR
GHVHUWHGRQWKHHYHRIWKHEDWWOHRI:DWHUORR"$UH\RXQRW
WKH/LHXWHQDQW)HUQDQGZKRVHUYHGDVJXLGHDQGVS\WRWKH
)UHQFKDUP\LQ6SDLQ"$UH\RXQRWWKH&DSWDLQ)HUQDQGZKR
EHWUD\HGVROGDQGPXUGHUHGKLVEHQHIDFWRU$OL"$QGKDYH
QRWDOOWKHVH)HUQDQGVXQLWHGPDGH/LHXWHQDQW*HQHUDOWKH

1158

&RXQWRI0RUFHUISHHURI)UDQFH"
2KFULHGWKHJHQHUDODVLWEUDQGHGZLWKDKRWLURQ
ZUHWFKWRUHSURDFKPHZLWKP\VKDPHZKHQDERXW
SHUKDSVWRNLOOPH1R,GLGQRWVD\,ZDVDVWUDQJHUWR
\RX,NQRZZHOOGHPRQWKDW\RXKDYHSHQHWUDWHGLQWRWKH
GDUNQHVVRIWKHSDVWDQGWKDW\RXKDYHUHDGE\WKHOLJKW
RIZKDWWRUFK,NQRZQRWHYHU\SDJHRIP\OLIHEXWSHUKDSV
,PD\EHPRUHKRQRUDEOHLQP\VKDPHWKDQ\RXXQGHU\RXU
SRPSRXVFRYHULQJV1RQR,DPDZDUH\RXNQRZPHEXW,
NQRZ\RXRQO\DVDQDGYHQWXUHUVHZQXSLQJROGDQG
MHZHOOHU\<RXFDOO\RXUVHOILQ3DULVWKH&RXQWRI0RQWH
&ULVWRLQ,WDO\6LQEDGWKH6DLORULQ0DOWD,IRUJHW
ZKDW%XWLWLV\RXUUHDOQDPH,ZDQWWRNQRZLQWKHPLGVW
RI\RXUKXQGUHGQDPHVWKDW,PD\SURQRXQFHLWZKHQZHPHHW
WRILJKWDWWKHPRPHQWZKHQ,SOXQJHP\VZRUGWKURXJK\RXU
KHDUW
7KH&RXQWRI0RQWH&ULVWRWXUQHGGUHDGIXOO\SDOHKLVH\H
VHHPHGWREXUQZLWKDGHYRXULQJILUH+HOHDSHGWRZDUGVD
GUHVVLQJURRPQHDUKLVEHGURRPDQGLQOHVVWKDQDPRPHQW
WHDULQJRIIKLVFUDYDWKLVFRDWDQGZDLVWFRDWKHSXWRQD
VDLORU
VMDFNHWDQGKDWIURPEHQHDWKZKLFKUROOHGKLVORQJ
EODFNKDLU+HUHWXUQHGWKXVIRUPLGDEOHDQGLPSODFDEOH
DGYDQFLQJZLWKKLVDUPVFURVVHGRQKLVEUHDVWWRZDUGVWKH
JHQHUDOZKRFRXOGQRWXQGHUVWDQGZK\KHKDGGLVDSSHDUHG
EXWZKRRQVHHLQJKLPDJDLQDQGIHHOLQJKLVWHHWKFKDWWHU
DQGKLVOHJVVLQNXQGHUKLPGUHZEDFNDQGRQO\VWRSSHG
ZKHQKHIRXQGDWDEOHWRVXSSRUWKLVFOLQFKHGKDQG
)HUQDQGFULHGKHRIP\KXQGUHGQDPHV,QHHGRQO\WHOO
\RXRQHWRRYHUZKHOP\RX%XW\RXJXHVVLWQRZGR\RXQRW"
RUUDWKHU\RXUHPHPEHULW")RUQRWZLWKVWDQGLQJDOOP\
VRUURZVDQGP\WRUWXUHV,VKRZ\RXWRGD\DIDFHZKLFKWKH
KDSSLQHVVRIUHYHQJHPDNHV\RXQJDJDLQDIDFH\RXPXVW
RIWHQKDYHVHHQLQ\RXUGUHDPVVLQFH\RXUPDUULDJHZLWK
0HUFHGHVP\EHWURWKHG
7KHJHQHUDOZLWKKLVKHDGWKURZQEDFNKDQGVH[WHQGHGJD]H
IL[HGORRNHGVLOHQWO\DWWKLVGUHDGIXODSSDULWLRQWKHQ
VHHNLQJWKHZDOOWRVXSSRUWKLPKHJOLGHGDORQJFORVHWRLW
XQWLOKHUHDFKHGWKHGRRUWKURXJKZKLFKKHZHQWRXW
EDFNZDUGVXWWHULQJWKLVVLQJOHPRXUQIXOODPHQWDEOH
GLVWUHVVLQJFU\(GPRQG'DQWHV7KHQZLWKVLJKVZKLFK
ZHUHXQOLNHDQ\KXPDQVRXQGKHGUDJJHGKLPVHOIWRWKHGRRU

1159

UHHOHGDFURVVWKHFRXUW\DUGDQGIDOOLQJLQWRWKHDUPVRI
KLVYDOHWKHVDLGLQDYRLFHVFDUFHO\LQWHOOLJLEOH
+RPHKRPH7KHIUHVKDLUDQGWKHVKDPHKHIHOWDWKDYLQJ
H[SRVHGKLPVHOIEHIRUHKLVVHUYDQWVSDUWO\UHFDOOHGKLV
VHQVHVEXWWKHULGHZDVVKRUWDQGDVKHGUHZQHDUKLV
KRXVHDOOKLVZUHWFKHGQHVVUHYLYHG+HVWRSSHGDWDVKRUW
GLVWDQFHIURPWKHKRXVHDQGDOLJKWHG
7KHGRRUZDVZLGHRSHQDKDFNQH\FRDFKZDVVWDQGLQJLQWKH
PLGGOHRIWKH\DUGDVWUDQJHVLJKWEHIRUHVRQREOHD
PDQVLRQWKHFRXQWORRNHGDWLWZLWKWHUURUEXWZLWKRXW
GDULQJWRLQTXLUHLWVPHDQLQJKHUXVKHGWRZDUGVKLV
DSDUWPHQW7ZRSHUVRQVZHUHFRPLQJGRZQWKHVWDLUVKHKDG
RQO\WLPHWRFUHHSLQWRDQDOFRYHWRDYRLGWKHP,WZDV
0HUFHGHVOHDQLQJRQKHUVRQ
VDUPDQGOHDYLQJWKHKRXVH
7KH\SDVVHGFORVHE\WKHXQKDSS\EHLQJZKRFRQFHDOHG
EHKLQGWKHGDPDVNFXUWDLQDOPRVWIHOW0HUFHGHVGUHVVEUXVK
SDVWKLPDQGKLVVRQ
VZDUPEUHDWKSURQRXQFLQJWKHVH
ZRUGV&RXUDJHPRWKHU&RPHWKLVLVQRORQJHURXU
KRPH7KHZRUGVGLHGDZD\WKHVWHSVZHUHORVWLQWKH
GLVWDQFH7KHJHQHUDOGUHZKLPVHOIXSFOLQJLQJWRWKH
FXUWDLQKHXWWHUHGWKHPRVWGUHDGIXOVREZKLFKHYHUHVFDSHG
IURPWKHERVRPRIDIDWKHUDEDQGRQHGDWWKHVDPHWLPHE\KLV
ZLIHDQGVRQ+HVRRQKHDUGWKHFODWWHURIWKHLURQVWHSRI
WKHKDFNQH\FRDFKWKHQWKHFRDFKPDQ
VYRLFHDQGWKHQWKH
UROOLQJRIWKHKHDY\YHKLFOHVKRRNWKHZLQGRZV+HGDUWHGWR
KLVEHGURRPWRVHHRQFHPRUHDOOKHKDGORYHGLQWKHZRUOG
EXWWKHKDFNQH\FRDFKGURYHRQDQGWKHKHDGRIQHLWKHU
0HUFHGHVQRUKHUVRQDSSHDUHGDWWKHZLQGRZWRWDNHDODVW
ORRNDWWKHKRXVHRUWKHGHVHUWHGIDWKHUDQGKXVEDQG$QGDW
WKHYHU\PRPHQWZKHQWKHZKHHOVRIWKDWFRDFKFURVVHGWKH
JDWHZD\DUHSRUWZDVKHDUGDQGDWKLFNVPRNHHVFDSHG
WKURXJKRQHRIWKHSDQHVRIWKHZLQGRZZKLFKZDVEURNHQE\
WKHH[SORVLRQ

&KDSWHU
9DOHQWLQH
:HPD\HDVLO\FRQFHLYHZKHUH0RUUHO
VDSSRLQWPHQWZDV2Q
OHDYLQJ0RQWH&ULVWRKHZDONHGVORZO\WRZDUGV9LOOHIRUW
V
ZHVD\VORZO\IRU0RUUHOKDGPRUHWKDQKDOIDQKRXUWR
VSDUHWRJRILYHKXQGUHGVWHSVEXWKHKDGKDVWHQHGWRWDNH

1160

OHDYHRI0RQWH&ULVWREHFDXVHKHZLVKHGWREHDORQHZLWKKLV
WKRXJKWV+HNQHZKLVWLPHZHOOWKHKRXUZKHQ9DOHQWLQH
ZDVJLYLQJ1RLUWLHUKLVEUHDNIDVWDQGZDVVXUHQRWWREH
GLVWXUEHGLQWKHSHUIRUPDQFHRIWKLVSLRXVGXW\1RLUWLHU
DQG9DOHQWLQHKDGJLYHQKLPOHDYHWRJRWZLFHDZHHNDQGKH
ZDVQRZDYDLOLQJKLPVHOIRIWKDWSHUPLVVLRQ+HKDGDUULYHG
9DOHQWLQHZDVH[SHFWLQJKLP8QHDV\DQGDOPRVWFUD]HGVKH
VHL]HGKLVKDQGDQGOHGKLPWRKHUJUDQGIDWKHU7KLV
XQHDVLQHVVDPRXQWLQJDOPRVWWRIUHQ]\DURVHIURPWKH
UHSRUW0RUFHUI
VDGYHQWXUHKDGPDGHLQWKHZRUOGIRUWKH
DIIDLUDWWKHRSHUDZDVJHQHUDOO\NQRZQ1RRQHDW
9LOOHIRUW
VGRXEWHGWKDWDGXHOZRXOGHQVXHIURPLW
9DOHQWLQHZLWKKHUZRPDQ
VLQVWLQFWJXHVVHGWKDW0RUUHO
ZRXOGEH0RQWH&ULVWR
VVHFRQGDQGIURPWKH\RXQJPDQ
V
ZHOONQRZQFRXUDJHDQGKLVJUHDWDIIHFWLRQIRUWKHFRXQW
VKHIHDUHGWKDWKHZRXOGQRWFRQWHQWKLPVHOIZLWKWKH
SDVVLYHSDUWDVVLJQHGWRKLP:HPD\HDVLO\XQGHUVWDQGKRZ
HDJHUO\WKHSDUWLFXODUVZHUHDVNHGIRUJLYHQDQGUHFHLYHG
DQG0RUUHOFRXOGUHDGDQLQGHVFULEDEOHMR\LQWKHH\HVRI
KLVEHORYHGZKHQVKHNQHZWKDWWKHWHUPLQDWLRQRIWKLV
DIIDLUZDVDVKDSS\DVLWZDVXQH[SHFWHG
1RZVDLG9DOHQWLQHPRWLRQLQJWR0RUUHOWRVLWGRZQQHDU
KHUJUDQGIDWKHUZKLOHVKHWRRNKHUVHDWRQKLVIRRWVWRRO
QRZOHWXVWDONDERXWRXURZQDIIDLUV<RXNQRZ
0D[LPLOLDQJUDQGSDSDRQFHWKRXJKWRIOHDYLQJWKLVKRXVH
DQGWDNLQJDQDSDUWPHQWDZD\IURP0GH9LOOHIRUW
V
<HVVDLG0D[LPLOLDQ,UHFROOHFWWKHSURMHFWRIZKLFK,
KLJKO\DSSURYHG
:HOOVDLG9DOHQWLQH\RXPD\DSSURYHDJDLQIRU
JUDQGSDSDLVDJDLQWKLQNLQJRILW
%UDYRVDLG0D[LPLOLDQ
$QGGR\RXNQRZVDLG9DOHQWLQHZKDWUHDVRQJUDQGSDSD
JLYHVIRUOHDYLQJWKLVKRXVH1RLUWLHUORRNHGDW9DOHQWLQH
WRLPSRVHVLOHQFHEXWVKHGLGQRWQRWLFHKLPKHUORRNV
KHUH\HVKHUVPLOHZHUHDOOIRU0RUUHO
2KZKDWHYHUPD\EH01RLUWLHU
VUHDVRQDQVZHUHG0RUUHO
,FDQUHDGLO\EHOLHYHLWWREHDJRRGRQH

1161

$QH[FHOOHQWRQHVDLG9DOHQWLQH+HSUHWHQGVWKHDLURI
WKH)DXERXUJ6W+RQRUHLVQRWJRRGIRUPH
,QGHHG"VDLG0RUUHOLQWKDW01RLUWLHUPD\EHULJKW
\RXKDYHQRWVHHPHGWREHZHOOIRUWKHODVWIRUWQLJKW
1RWYHU\VDLG9DOHQWLQH$QGJUDQGSDSDKDVEHFRPHP\
SK\VLFLDQDQG,KDYHWKHJUHDWHVWFRQILGHQFHLQKLP
EHFDXVHKHNQRZVHYHU\WKLQJ
'R\RXWKHQUHDOO\VXIIHU"DVNHG0RUUHOTXLFNO\
2KLWPXVWQRWEHFDOOHGVXIIHULQJ,IHHODJHQHUDO
XQHDVLQHVVWKDWLVDOO,KDYHORVWP\DSSHWLWHDQGP\
VWRPDFKIHHOVDVLILWZHUHVWUXJJOLQJWRJHWDFFXVWRPHGWR
VRPHWKLQJ1RLUWLHUGLGQRWORVHDZRUGRIZKDW9DOHQWLQH
VDLG$QGZKDWWUHDWPHQWGR\RXDGRSWIRUWKLVVLQJXODU
FRPSODLQW"
$YHU\VLPSOHRQHVDLG9DOHQWLQH,VZDOORZHYHU\
PRUQLQJDVSRRQIXORIWKHPL[WXUHSUHSDUHGIRUP\
JUDQGIDWKHU:KHQ,VD\RQHVSRRQIXO,EHJDQE\RQHQRZ
,WDNHIRXU*UDQGSDSDVD\VLWLVDSDQDFHD9DOHQWLQH
VPLOHGEXWLWZDVHYLGHQWWKDWVKHVXIIHUHG
0D[LPLOLDQLQKLVGHYRWHGQHVVJD]HGVLOHQWO\DWKHU6KH
ZDVYHU\EHDXWLIXOEXWKHUXVXDOSDOORUKDGLQFUHDVHGKHU
H\HVZHUHPRUHEULOOLDQWWKDQHYHUDQGKHUKDQGVZKLFK
ZHUHJHQHUDOO\ZKLWHOLNHPRWKHURISHDUOQRZPRUH
UHVHPEOHGZD[WRZKLFKWLPHZDVDGGLQJD\HOORZLVKKXH
)URP9DOHQWLQHWKH\RXQJPDQORRNHGWRZDUGV1RLUWLHU7KH
ODWWHUZDWFKHGZLWKVWUDQJHDQGGHHSLQWHUHVWWKH\RXQJ
JLUODEVRUEHGE\KHUDIIHFWLRQDQGKHDOVROLNH0RUUHO
IROORZHGWKRVHWUDFHVRILQZDUGVXIIHULQJZKLFKZDVVR
OLWWOHSHUFHSWLEOHWRDFRPPRQREVHUYHUWKDWWKH\HVFDSHG
WKHQRWLFHRIHYHU\RQHEXWWKHJUDQGIDWKHUDQGWKHORYHU
%XWVDLG0RUUHO,WKRXJKWWKLVPL[WXUHRIZKLFK\RX
QRZWDNHIRXUVSRRQIXOVZDVSUHSDUHGIRU01RLUWLHU"
,NQRZLWLVYHU\ELWWHUVDLG9DOHQWLQHVRELWWHUWKDW
DOO,GULQNDIWHUZDUGVDSSHDUVWRKDYHWKHVDPHWDVWH
1RLUWLHUORRNHGLQTXLULQJO\DWKLVJUDQGGDXJKWHU<HV
JUDQGSDSDVDLG9DOHQWLQHLWLVVR-XVWQRZEHIRUH,

1162

FDPHGRZQWR\RX,GUDQNDJODVVRIVXJDUHGZDWHU,OHIW
KDOIEHFDXVHLWVHHPHGVRELWWHU1RLUWLHUWXUQHGSDOH
DQGPDGHDVLJQWKDWKHZLVKHGWRVSHDN9DOHQWLQHURVHWR
IHWFKWKHGLFWLRQDU\1RLUWLHUZDWFKHGKHUZLWKHYLGHQW
DQJXLVK,QIDFWWKHEORRGZDVUXVKLQJWRWKH\RXQJJLUO
V
KHDGDOUHDG\KHUFKHHNVZHUHEHFRPLQJUHG2KFULHGVKH
ZLWKRXWORVLQJDQ\RIKHUFKHHUIXOQHVVWKLVLVVLQJXODU,
FDQ
WVHH'LGWKHVXQVKLQHLQP\H\HV"$QGVKHOHDQHG
DJDLQVWWKHZLQGRZ
7KHVXQLVQRWVKLQLQJVDLG0RUUHOPRUHDODUPHGE\
1RLUWLHU
VH[SUHVVLRQWKDQE\9DOHQWLQH
VLQGLVSRVLWLRQ+H
UDQWRZDUGVKHU7KH\RXQJJLUOVPLOHG&KHHUXSVDLGVKH
WR1RLUWLHU'RQRWEHDODUPHG0D[LPLOLDQLWLVQRWKLQJ
DQGKDVDOUHDG\SDVVHGDZD\%XWOLVWHQ'R,QRWKHDUD
FDUULDJHLQWKHFRXUW\DUG"6KHRSHQHG1RLUWLHU
VGRRUUDQ
WRDZLQGRZLQWKHSDVVDJHDQGUHWXUQHGKDVWLO\<HV
VDLGVKHLWLV0DGDPH'DQJODUVDQGKHUGDXJKWHUZKRKDYH
FRPHWRFDOORQXV*RRGE\,PXVWUXQDZD\IRUWKH\
ZRXOGVHQGKHUHIRUPHRUUDWKHUIDUHZHOOWLOO,VHH\RX
DJDLQ6WD\ZLWKJUDQGSDSD0D[LPLOLDQ,SURPLVH\RXQRWWR
SHUVXDGHWKHPWRVWD\
0RUUHOZDWFKHGKHUDVVKHOHIWWKHURRPKHKHDUGKHUDVFHQG
WKHOLWWOHVWDLUFDVHZKLFKOHGERWKWR0DGDPHGH9LOOHIRUW
V
DSDUWPHQWVDQGWRKHUV$VVRRQDVVKHZDVJRQH1RLUWLHU
PDGHDVLJQWR0RUUHOWRWDNHWKHGLFWLRQDU\0RUUHOREH\HG
JXLGHGE\9DOHQWLQHKHKDGOHDUQHGKRZWRXQGHUVWDQGWKH
ROGPDQTXLFNO\$FFXVWRPHGKRZHYHUDVKHZDVWRWKHZRUN
KHKDGWRUHSHDWPRVWRIWKHOHWWHUVRIWKHDOSKDEHWDQGWR
ILQGHYHU\ZRUGLQWKHGLFWLRQDU\VRWKDWLWZDVWHQ
PLQXWHVEHIRUHWKHWKRXJKWRIWKHROGPDQZDVWUDQVODWHGE\
WKHVHZRUGV)HWFKWKHJODVVRIZDWHUDQGWKHGHFDQWHUIURP
9DOHQWLQH
VURRP
0RUUHOUDQJLPPHGLDWHO\IRUWKHVHUYDQWZKRKDGWDNHQ
%DUURLV
VVLWXDWLRQDQGLQ1RLUWLHU
VQDPHJDYHWKDWRUGHU
7KHVHUYDQWVRRQUHWXUQHG7KHGHFDQWHUDQGWKHJODVVZHUH
FRPSOHWHO\HPSW\1RLUWLHUPDGHDVLJQWKDWKHZLVKHGWR
VSHDN:K\DUHWKHJODVVDQGGHFDQWHUHPSW\"DVNHGKH
9DOHQWLQHVDLGVKHRQO\GUDQNKDOIWKHJODVVIXO7KH
WUDQVODWLRQRIWKLVQHZTXHVWLRQRFFXSLHGDQRWKHUILYH
PLQXWHV,GRQRWNQRZVDLGWKHVHUYDQWEXWWKH
KRXVHPDLGLVLQ0DGHPRLVHOOH9DOHQWLQH
VURRPSHUKDSVVKH

1163

KDVHPSWLHGWKHP
$VNKHUVDLG0RUUHOWUDQVODWLQJ1RLUWLHU
VWKRXJKWWKLV
WLPHE\KLVORRN7KHVHUYDQWZHQWRXWEXWUHWXUQHGDOPRVW
LPPHGLDWHO\0DGHPRLVHOOH9DOHQWLQHSDVVHGWKURXJKWKHURRP
WRJRWR0DGDPHGH9LOOHIRUW
VVDLGKHDQGLQSDVVLQJ
DVVKHZDVWKLUVW\VKHGUDQNZKDWUHPDLQHGLQWKHJODVVDV
IRUWKHGHFDQWHU0DVWHU(GZDUGKDGHPSWLHGWKDWWRPDNHD
SRQGIRUKLVGXFNV1RLUWLHUUDLVHGKLVH\HVWRKHDYHQDV
DJDPEOHUGRHVZKRVWDNHVKLVDOORQRQHVWURNH)URPWKDW
PRPHQWWKHROGPDQ
VH\HVZHUHIL[HGRQWKHGRRUDQGGLG
QRWTXLWLW
,WZDVLQGHHG0DGDPH'DQJODUVDQGKHUGDXJKWHUZKRP
9DOHQWLQHKDGVHHQWKH\KDGEHHQXVKHUHGLQWR0DGDPHGH
9LOOHIRUW
VURRPZKRKDGVDLGVKHZRXOGUHFHLYHWKHPWKHUH
7KDWLVZK\9DOHQWLQHSDVVHGWKURXJKKHUURRPZKLFKZDVRQ
DOHYHOZLWK9DOHQWLQH
VDQGRQO\VHSDUDWHGIURPLWE\
(GZDUG
V7KHWZRODGLHVHQWHUHGWKHGUDZLQJURRPZLWKWKDW
VRUWRIRIILFLDOVWLIIQHVVZKLFKSUHOXGHVDIRUPDO
FRPPXQLFDWLRQ$PRQJZRUOGO\SHRSOHPDQQHULVFRQWDJLRXV
0DGDPHGH9LOOHIRUWUHFHLYHGWKHPZLWKHTXDOVROHPQLW\
9DOHQWLQHHQWHUHGDWWKLVPRPHQWDQGWKHIRUPDOLWLHVZHUH
UHVXPHG0\GHDUIULHQGVDLGWKHEDURQHVVZKLOHWKHWZR
\RXQJSHRSOHZHUHVKDNLQJKDQGV,DQG(XJHQLHDUHFRPHWR
EHWKHILUVWWRDQQRXQFHWR\RXWKHDSSURDFKLQJPDUULDJHRI
P\GDXJKWHUZLWK3ULQFH&DYDOFDQWL'DQJODUVNHSWXSWKH
WLWOHRISULQFH7KHSRSXODUEDQNHUIRXQGWKDWLWDQVZHUHG
EHWWHUWKDQFRXQW$OORZPHWRSUHVHQW\RXP\VLQFHUH
FRQJUDWXODWLRQVUHSOLHG0DGDPHGH9LOOHIRUW3ULQFH
&DYDOFDQWLDSSHDUVWREHD\RXQJPDQRIUDUHTXDOLWLHV
/LVWHQVDLGWKHEDURQHVVVPLOLQJVSHDNLQJWR\RXDVD
IULHQG,FDQVD\WKDWWKHSULQFHGRHVQRW\HWDSSHDUDOOKH
ZLOOEH+HKDVDERXWKLPDOLWWOHRIWKDWIRUHLJQPDQQHUE\
ZKLFK)UHQFKSHUVRQVUHFRJQL]HDWILUVWVLJKWWKH,WDOLDQ
RU*HUPDQQREOHPDQ%HVLGHVKHJLYHVHYLGHQFHRIJUHDW
NLQGQHVVRIGLVSRVLWLRQPXFKNHHQQHVVRIZLWDQGDVWR
VXLWDELOLW\0'DQJODUVDVVXUHVPHWKDWKLVIRUWXQHLV
PDMHVWLFWKDWLVKLVZRUG
$QGWKHQVDLG(XJHQLHZKLOHWXUQLQJRYHUWKHOHDYHVRI
0DGDPHGH9LOOHIRUW
VDOEXPDGGWKDW\RXKDYHWDNHQD
JUHDWIDQF\WRWKH\RXQJPDQ

1164

$QGVDLG0DGDPHGH9LOOHIRUW,QHHGQRWDVN\RXLI\RX
VKDUHWKDWIDQF\
,"UHSOLHG(XJHQLHZLWKKHUXVXDOFDQGRU2KQRWWKH
OHDVWLQWKHZRUOGPDGDPH0\ZLVKZDVQRWWRFRQILQH
P\VHOIWRGRPHVWLFFDUHVRUWKHFDSULFHVRIDQ\PDQEXWWR
EHDQDUWLVWDQGFRQVHTXHQWO\IUHHLQKHDUWLQSHUVRQDQG
LQWKRXJKW(XJHQLHSURQRXQFHGWKHVHZRUGVZLWKVRILUPD
WRQHWKDWWKHFRORUPRXQWHGWR9DOHQWLQH
VFKHHNV7KHWLPLG
JLUOFRXOGQRWXQGHUVWDQGWKDWYLJRURXVQDWXUHZKLFK
DSSHDUHGWRKDYHQRQHRIWKHWLPLGLWLHVRIZRPDQ
$WDQ\UDWHVDLGVKHVLQFH,DPWREHPDUULHGZKHWKHU,
ZLOORUQRW,RXJKWWREHWKDQNIXOWRSURYLGHQFHIRUKDYLQJ
UHOHDVHGPHIURPP\HQJDJHPHQWZLWK0$OEHUWGH0RUFHUIRU
,VKRXOGWKLVGD\KDYHEHHQWKHZLIHRIDGLVKRQRUHGPDQ
,WLVWUXHVDLGWKHEDURQHVVZLWKWKDWVWUDQJH
VLPSOLFLW\VRPHWLPHVPHWZLWKDPRQJIDVKLRQDEOHODGLHVDQG
RIZKLFKSOHEHLDQLQWHUFRXUVHFDQQHYHUHQWLUHO\GHSULYH
WKHPLWLVYHU\WUXHWKDWKDGQRWWKH0RUFHUIV
KHVLWDWHGP\GDXJKWHUZRXOGKDYHPDUULHG0RQVLHXU$OEHUW
7KHJHQHUDOGHSHQGHGPXFKRQLWKHHYHQFDPHWRIRUFH0
'DQJODUV:HKDYHKDGDQDUURZHVFDSH
%XWVDLG9DOHQWLQHWLPLGO\GRHVDOOWKHIDWKHU
VVKDPH
UHYHUWXSRQWKHVRQ"0RQVLHXU$OEHUWDSSHDUVWRPHTXLWH
LQQRFHQWRIWKHWUHDVRQFKDUJHGDJDLQVWWKHJHQHUDO
([FXVHPHVDLGWKHLPSODFDEOH\RXQJJLUO0RQVLHXU
$OEHUWFODLPVDQGZHOOGHVHUYHVKLVVKDUH,WDSSHDUVWKDW
DIWHUKDYLQJFKDOOHQJHG0GH0RQWH&ULVWRDWWKH2SHUD
\HVWHUGD\KHDSRORJL]HGRQWKHJURXQGWRGD\
,PSRVVLEOHVDLG0DGDPHGH9LOOHIRUW
$KP\GHDUIULHQGVDLG0DGDPH'DQJODUVZLWKWKHVDPH
VLPSOLFLW\ZHEHIRUHQRWLFHGLWLVDIDFW,KHDUGLWIURP
0'HEUD\ZKRZDVSUHVHQWDWWKHH[SODQDWLRQ9DOHQWLQH
DOVRNQHZWKHWUXWKEXWVKHGLGQRWDQVZHU$VLQJOHZRUG
KDGUHPLQGHGKHUWKDW0RUUHOZDVH[SHFWLQJKHULQ0
1RLUWLHU
VURRP'HHSO\HQJDJHGZLWKDVRUWRILQZDUG
FRQWHPSODWLRQ9DOHQWLQHKDGFHDVHGIRUDPRPHQWWRMRLQLQ

1165

WKHFRQYHUVDWLRQ6KHZRXOGLQGHHGKDYHIRXQGLW
LPSRVVLEOHWRUHSHDWZKDWKDGEHHQVDLGWKHODVWIHZ
PLQXWHVZKHQVXGGHQO\0DGDPH'DQJODUV
KDQGSUHVVHGRQKHU
DUPDURXVHGKHUIURPKHUOHWKDUJ\
:KDWLVLW"VDLGVKHVWDUWLQJDW0DGDPH'DQJODUVWRXFK
DVVKHZRXOGKDYHGRQHIURPDQHOHFWULFVKRFN,WLVP\
GHDU9DOHQWLQHVDLGWKHEDURQHVVWKDW\RXDUH
GRXEWOHVVVXIIHULQJ
,"VDLGWKH\RXQJJLUOSDVVLQJKHUKDQGDFURVVKHU
EXUQLQJIRUHKHDG
<HVORRNDW\RXUVHOILQWKDWJODVV\RXKDYHWXUQHGSDOH
DQGWKHQUHGVXFFHVVLYHO\WKUHHRUIRXUWLPHVLQRQH
PLQXWH
,QGHHGFULHG(XJHQLH\RXDUHYHU\SDOH
2KGRQRWEHDODUPHG,KDYHEHHQVRIRUPDQ\GD\V
$UWOHVVDVVKHZDVWKH\RXQJJLUONQHZWKDWWKLVZDVDQ
RSSRUWXQLW\WROHDYHDQGEHVLGHV0DGDPHGH9LOOHIRUWFDPH
WRKHUDVVLVWDQFH5HWLUH9DOHQWLQHVDLGVKH\RXDUH
UHDOO\VXIIHULQJDQGWKHVHODGLHVZLOOH[FXVH\RXGULQND
JODVVRISXUHZDWHULWZLOOUHVWRUH\RX9DOHQWLQHNLVVHG
(XJHQLHERZHGWR0DGDPH'DQJODUVZKRKDGDOUHDG\ULVHQWR
WDNHKHUOHDYHDQGZHQWRXW7KDWSRRUFKLOGVDLG0DGDPH
GH9LOOHIRUWZKHQ9DOHQWLQHZDVJRQHVKHPDNHVPHYHU\
XQHDV\DQG,VKRXOGQRWEHDVWRQLVKHGLIVKHKDGVRPH
VHULRXVLOOQHVV
0HDQZKLOH9DOHQWLQHLQDVRUWRIH[FLWHPHQWZKLFKVKH
FRXOGQRWTXLWHXQGHUVWDQGKDGFURVVHG(GZDUG
VURRP
ZLWKRXWQRWLFLQJVRPHWULFNRIWKHFKLOGDQGWKURXJKKHU
RZQKDGUHDFKHGWKHOLWWOHVWDLUFDVH6KHZDVZLWKLQWKUHH
VWHSVRIWKHERWWRPVKHDOUHDG\KHDUG0RUUHO
VYRLFHZKHQ
VXGGHQO\DFORXGSDVVHGRYHUKHUH\HVKHUVWLIIHQHGIRRW
PLVVHGWKHVWHSKHUKDQGVKDGQRSRZHUWRKROGWKH
EDOXVWHUDQGIDOOLQJDJDLQVWWKHZDOOVKHORVWKHUEDODQFH
ZKROO\DQGWRSSOHGWRWKHIORRU0RUUHOERXQGHGWRWKHGRRU
RSHQHGLWDQGIRXQG9DOHQWLQHVWUHWFKHGRXWDWWKHERWWRP
RIWKHVWDLUV4XLFNDVDIODVKKHUDLVHGKHULQKLVDUPV
DQGSODFHGKHULQDFKDLU9DOHQWLQHRSHQHGKHUH\HV

1166

2KZKDWDFOXPV\WKLQJ,DPVDLGVKHZLWKIHYHULVK
YROXELOLW\,GRQ
WNQRZP\ZD\,IRUJRWWKHUHZHUHWKUHH
PRUHVWHSVEHIRUHWKHODQGLQJ
<RXKDYHKXUW\RXUVHOISHUKDSVVDLG0RUUHO:KDWFDQ,
GRIRU\RX9DOHQWLQH"9DOHQWLQHORRNHGDURXQGKHUVKHVDZ
WKHGHHSHVWWHUURUGHSLFWHGLQ1RLUWLHU
VH\HV'RQ
W
ZRUU\GHDUJUDQGSDSDVDLGVKHHQGHDYRULQJWRVPLOHLW
LVQRWKLQJLWLVQRWKLQJ,ZDVJLGG\WKDWLVDOO
$QRWKHUDWWDFNRIJLGGLQHVVVDLG0RUUHOFODVSLQJKLV
KDQGV2KDWWHQGWRLW9DOHQWLQH,HQWUHDW\RX
%XWQRVDLG9DOHQWLQHQR,WHOO\RXLWLVDOOSDVW
DQGLWZDVQRWKLQJ1RZOHWPHWHOO\RXVRPHQHZV(XJHQLH
LVWREHPDUULHGLQDZHHNDQGLQWKUHHGD\VWKHUHLVWREH
DJUDQGIHDVWDEHWURWKDOIHVWLYDO:HDUHDOOLQYLWHGP\
IDWKHU0DGDPHGH9LOOHIRUWDQG,DWOHDVW,XQGHUVWRRG
LWVR
:KHQZLOOLWEHRXUWXUQWRWKLQNRIWKHVHWKLQJV"2K
9DOHQWLQH\RXZKRKDYHVRPXFKLQIOXHQFHRYHU\RXU
JUDQGSDSDWU\WRPDNHKLPDQVZHU6RRQ
$QGGR\RXVDLG9DOHQWLQHGHSHQGRQPHWRVWLPXODWHWKH
WDUGLQHVVDQGDURXVHWKHPHPRU\RIJUDQGSDSD"
<HVFULHG0RUUHOPDNHKDVWH6RORQJDV\RXDUHQRW
PLQH9DOHQWLQH,VKDOODOZD\VWKLQN,PD\ORVH\RX
2KUHSOLHG9DOHQWLQHZLWKDFRQYXOVLYHPRYHPHQWRK
LQGHHG0D[LPLOLDQ\RXDUHWRRWLPLGIRUDQRIILFHUIRUD
VROGLHUZKRWKH\VD\QHYHUNQRZVIHDU$KKDKDVKH
EXUVWLQWRDIRUFHGDQGPHODQFKRO\ODXJKKHUDUPVVWLIIHQHG
DQGWZLVWHGKHUKHDGIHOOEDFNRQKHUFKDLUDQGVKH
UHPDLQHGPRWLRQOHVV7KHFU\RIWHUURUZKLFKZDVVWRSSHGRQ
1RLUWLHU
VOLSVVHHPHGWRVWDUWIURPKLVH\HV0RUUHO
XQGHUVWRRGLWKHNQHZKHPXVWFDOODVVLVWDQFH7KH\RXQJ
PDQUDQJWKHEHOOYLROHQWO\WKHKRXVHPDLGZKRKDGEHHQLQ
0DGHPRLVHOOH9DOHQWLQH
VURRPDQGWKHVHUYDQWZKRKDG
UHSODFHG%DUURLVUDQLQDWWKHVDPHPRPHQW9DOHQWLQHZDV
VRSDOHVRFROGVRLQDQLPDWHWKDWZLWKRXWOLVWHQLQJWR
ZKDWZDVVDLGWRWKHPWKH\ZHUHVHL]HGZLWKWKHIHDUZKLFK
SHUYDGHGWKDWKRXVHDQGWKH\IOHZLQWRWKHSDVVDJHFU\LQJ

1167

IRUKHOS0DGDPH'DQJODUVDQG(XJHQLHZHUHJRLQJRXWDWWKDW
PRPHQWWKH\KHDUGWKHFDXVHRIWKHGLVWXUEDQFH,WROG\RX
VRH[FODLPHG0DGDPHGH9LOOHIRUW3RRUFKLOG

&KDSWHU
0D[LPLOLDQ
V$YRZDO
$WWKHVDPHPRPHQW0GH9LOOHIRUW
VYRLFHZDVKHDUGFDOOLQJ
IURPKLVVWXG\:KDWLVWKHPDWWHU"0RUUHOORRNHGDW
1RLUWLHUZKRKDGUHFRYHUHGKLVVHOIFRPPDQGDQGZLWKD
JODQFHLQGLFDWHGWKHFORVHWZKHUHRQFHEHIRUHXQGHUVRPHZKDW
VLPLODUFLUFXPVWDQFHVKHKDGWDNHQUHIXJH+HKDGRQO\WLPH
WRJHWKLVKDWDQGWKURZKLPVHOIEUHDWKOHVVLQWRWKHFORVHW
ZKHQWKHSURFXUHXU
VIRRWVWHSZDVKHDUGLQWKHSDVVDJH
9LOOHIRUWVSUDQJLQWRWKHURRPUDQWR9DOHQWLQHDQGWRRN
KHULQKLVDUPV$SK\VLFLDQDSK\VLFLDQ0
G
$YULJQ\FULHG9LOOHIRUWRUUDWKHU,ZLOOJRIRUKLP
P\VHOI+HIOHZIURPWKHDSDUWPHQWDQG0RUUHODWWKHVDPH
PRPHQWGDUWHGRXWDWWKHRWKHUGRRU+HKDGEHHQVWUXFNWR
WKHKHDUWE\DIULJKWIXOUHFROOHFWLRQWKHFRQYHUVDWLRQKH
KDGKHDUGEHWZHHQWKHGRFWRUDQG9LOOHIRUWWKHQLJKWRI
0DGDPHGH6DLQW0HUDQ
VGHDWKUHFXUUHGWRKLPWKHVH
V\PSWRPVWRDOHVVDODUPLQJH[WHQWZHUHWKHVDPHZKLFKKDG
SUHFHGHGWKHGHDWKRI%DUURLV$WWKHVDPHWLPH0RQWH
&ULVWR
VYRLFHVHHPHGWRUHVRXQGLQKLVHDUZLWKWKHZRUGV
KHKDGKHDUGRQO\WZRKRXUVEHIRUH:KDWHYHU\RXZDQW
0RUUHOFRPHWRPH,KDYHJUHDWSRZHU0RUHUDSLGO\WKDQ
WKRXJKWKHGDUWHGGRZQWKH5XH0DWLJQRQDQGWKHQFHWRWKH
$YHQXHGHV&KDPSV(O\VHHV
0HDQZKLOH0GH9LOOHIRUWDUULYHGLQDKLUHGFDEULROHWDW0
G
$YULJQ\
VGRRU+HUDQJVRYLROHQWO\WKDWWKHSRUWHUZDV
DODUPHG9LOOHIRUWUDQXSVWDLUVZLWKRXWVD\LQJDZRUG7KH
SRUWHUNQHZKLPDQGOHWKLPSDVVRQO\FDOOLQJWRKLP,Q
KLVVWXG\0RQVLHXU3URFXUHXULQKLVVWXG\9LOOHIRUW
SXVKHGRUUDWKHUIRUFHGWKHGRRURSHQ$KVDLGWKH
GRFWRULVLW\RX"
<HVVDLG9LOOHIRUWFORVLQJWKHGRRUDIWHUKLPLWLV,
ZKRDPFRPHLQP\WXUQWRDVN\RXLIZHDUHTXLWHDORQH
'RFWRUP\KRXVHLVDFFXUVHG

1168

:KDW"VDLGWKHODWWHUZLWKDSSDUHQWFRROQHVVEXWZLWK
GHHSHPRWLRQKDYH\RXDQRWKHULQYDOLG"
<HVGRFWRUFULHG9LOOHIRUWFOXWFKLQJKLVKDLU\HV
'
$YULJQ\
VORRNLPSOLHG,WROG\RXLWZRXOGEHVR7KHQ
KHVORZO\XWWHUHGWKHVHZRUGV:KRLVQRZG\LQJLQ\RXU
KRXVH":KDWQHZYLFWLPLVJRLQJWRDFFXVH\RXRIZHDNQHVV
EHIRUH*RG"$PRXUQIXOVREEXUVWIURP9LOOHIRUW
VKHDUWKH
DSSURDFKHGWKHGRFWRUDQGVHL]LQJKLVDUP9DOHQWLQH
VDLGKHLWLV9DOHQWLQH
VWXUQ
<RXUGDXJKWHU"FULHGG
$YULJQ\ZLWKJULHIDQGVXUSULVH
<RXVHH\RXZHUHGHFHLYHGPXUPXUHGWKHPDJLVWUDWHFRPH
DQGVHHKHUDQGRQKHUEHGRIDJRQ\HQWUHDWKHUSDUGRQIRU
KDYLQJVXVSHFWHGKHU
(DFKWLPH\RXKDYHDSSOLHGWRPHVDLGWKHGRFWRULWKDV
EHHQWRRODWHVWLOO,ZLOOJR%XWOHWXVPDNHKDVWHVLU
ZLWKWKHHQHPLHV\RXKDYHWRGRZLWKWKHUHLVQRWLPHWREH
ORVW
2KWKLVWLPHGRFWRU\RXVKDOOQRWKDYHWRUHSURDFKPH
ZLWKZHDNQHVV7KLVWLPH,ZLOONQRZWKHDVVDVVLQDQGZLOO
SXUVXHKLP
/HWXVWU\ILUVWWRVDYHWKHYLFWLPEHIRUHZHWKLQNRI
UHYHQJLQJKHUVDLGG
$YULJQ\&RPH7KHVDPHFDEULROHW
ZKLFKKDGEURXJKW9LOOHIRUWWRRNWKHPEDFNDWIXOOVSHHG
DQGDWWKLVPRPHQW0RUUHOUDSSHGDW0RQWH&ULVWR
VGRRU7KH
FRXQWZDVLQKLVVWXG\DQGZDVUHDGLQJZLWKDQDQJU\ORRN
VRPHWKLQJZKLFK%HUWXFFLRKDGEURXJKWLQKDVWH+HDULQJWKH
QDPHRI0RUUHOZKRKDGOHIWKLPRQO\WZRKRXUVEHIRUHWKH
FRXQWUDLVHGKLVKHDGDURVHDQGVSUDQJWRPHHWKLP:KDW
LVWKHPDWWHU0D[LPLOLDQ"DVNHGKH\RXDUHSDOHDQGWKH
SHUVSLUDWLRQUROOVIURP\RXUIRUHKHDG0RUUHOIHOOLQWRD
FKDLU<HVVDLGKH,FDPHTXLFNO\,ZDQWHGWRVSHDNWR
\RX
$UHDOO\RXUIDPLO\ZHOO"DVNHGWKHFRXQWZLWKDQ
DIIHFWLRQDWHEHQHYROHQFHZKRVHVLQFHULW\QRRQHFRXOGIRUD
PRPHQWGRXEW

1169

7KDQN\RXFRXQWWKDQN\RXVDLGWKH\RXQJPDQ
HYLGHQWO\HPEDUUDVVHGKRZWREHJLQWKHFRQYHUVDWLRQ\HV
HYHU\RQHLQP\IDPLO\LVZHOO
6RPXFKWKHEHWWHU\HW\RXKDYHVRPHWKLQJWRWHOOPH"
UHSOLHGWKHFRXQWZLWKLQFUHDVHGDQ[LHW\
<HVVDLG0RUUHOLWLVWUXH,KDYHEXWQRZOHIWDKRXVH
ZKHUHGHDWKKDVMXVWHQWHUHGWRUXQWR\RX
$UH\RXWKHQFRPHIURP0GH0RUFHUI
V"DVNHG0RQWH
&ULVWR
1RVDLG0RUUHOLVVRPHRQHGHDGLQKLVKRXVH"
7KHJHQHUDOKDVMXVWEORZQKLVEUDLQVRXWUHSOLHG0RQWH
&ULVWRZLWKJUHDWFRROQHVV
2KZKDWDGUHDGIXOHYHQWFULHG0D[LPLOLDQ
1RWIRUWKHFRXQWHVVRUIRU$OEHUWVDLG0RQWH&ULVWRD
GHDGIDWKHURUKXVEDQGLVEHWWHUWKDQDGLVKRQRUHGRQH
EORRGZDVKHVRXWVKDPH
3RRUFRXQWHVVVDLG0D[LPLOLDQ,SLW\KHUYHU\PXFKVKH
LVVRQREOHDZRPDQ
3LW\$OEHUWDOVR0D[LPLOLDQIRUEHOLHYHPHKHLVWKH
ZRUWK\VRQRIWKHFRXQWHVV%XWOHWXVUHWXUQWR\RXUVHOI
<RXKDYHKDVWHQHGWRPHFDQ,KDYHWKHKDSSLQHVVRIEHLQJ
XVHIXOWR\RX"
<HV,QHHG\RXUKHOSWKDWLV,WKRXJKWOLNHDPDGPDQWKDW
\RXFRXOGOHQGPH\RXUDVVLVWDQFHLQDFDVHZKHUH*RGDORQH
FDQVXFFRUPH
7HOOPHZKDWLWLVUHSOLHG0RQWH&ULVWR
2KVDLG0RUUHO,NQRZQRWLQGHHGLI,PD\UHYHDOWKLV
VHFUHWWRPRUWDOHDUVEXWIDWDOLW\LPSHOVPHQHFHVVLW\
FRQVWUDLQVPHFRXQW0RUUHOKHVLWDWHG'R\RXWKLQN,
ORYH\RX"VDLG0RQWH&ULVWRWDNLQJWKH\RXQJPDQ
VKDQG
DIIHFWLRQDWHO\LQKLV

1170

2K\RXHQFRXUDJHPHDQGVRPHWKLQJWHOOVPHWKHUH
SODFLQJKLVKDQGRQKLVKHDUWWKDW,RXJKWWRKDYHQR
VHFUHWIURP\RX
<RXDUHULJKW0RUUHO*RGLVVSHDNLQJWR\RXUKHDUWDQG
\RXUKHDUWVSHDNVWR\RX7HOOPHZKDWLWVD\V
&RXQWZLOO\RXDOORZPHWRVHQG%DSWLVWLQWRLQTXLUHDIWHU
VRPHRQH\RXNQRZ"
,DPDW\RXUVHUYLFHDQGVWLOOPRUHP\VHUYDQWV
2K,FDQQRWOLYHLIVKHLVQRWEHWWHU
6KDOO,ULQJIRU%DSWLVWLQ"
1R,ZLOOJRDQGVSHDNWRKLPP\VHOI0RUUHOZHQWRXW
FDOOHG%DSWLVWLQDQGZKLVSHUHGDIHZZRUGVWRKLP7KH
YDOHWUDQGLUHFWO\:HOOKDYH\RXVHQW"DVNHG0RQWH
&ULVWRVHHLQJ0RUUHOUHWXUQ
<HVDQGQRZ,VKDOOEHPRUHFDOP
<RXNQRZ,DPZDLWLQJVDLG0RQWH&ULVWRVPLOLQJ
<HVDQG,ZLOOWHOO\RX2QHHYHQLQJ,ZDVLQDJDUGHQD
FOXPSRIWUHHVFRQFHDOHGPHQRRQHVXVSHFWHG,ZDVWKHUH
7ZRSHUVRQVSDVVHGQHDUPHDOORZPHWRFRQFHDOWKHLU
QDPHVIRUWKHSUHVHQWWKH\ZHUHVSHDNLQJLQDQXQGHUWRQH
DQG\HW,ZDVVRLQWHUHVWHGLQZKDWWKH\VDLGWKDW,GLGQRW
ORVHDVLQJOHZRUG
7KLVLVDJORRP\LQWURGXFWLRQLI,PD\MXGJHIURP\RXU
SDOORUDQGVKXGGHULQJ0RUUHO
2K\HVYHU\JORRP\P\IULHQG6RPHRQHKDGMXVWGLHGLQ
WKHKRXVHWRZKLFKWKDWJDUGHQEHORQJHG2QHRIWKHSHUVRQV
ZKRVHFRQYHUVDWLRQ,RYHUKHDUGZDVWKHPDVWHURIWKHKRXVH
WKHRWKHUWKHSK\VLFLDQ7KHIRUPHUZDVFRQILGLQJWRWKH
ODWWHUKLVJULHIDQGIHDUIRULWZDVWKHVHFRQGWLPHZLWKLQ
DPRQWKWKDWGHDWKKDGVXGGHQO\DQGXQH[SHFWHGO\HQWHUHG
WKDWKRXVHZKLFKZDVDSSDUHQWO\GHVWLQHGWRGHVWUXFWLRQE\
VRPHH[WHUPLQDWLQJDQJHODVDQREMHFWRI*RG
VDQJHU

1171

$KLQGHHG"VDLG0RQWH&ULVWRORRNLQJHDUQHVWO\DWWKH
\RXQJPDQDQGE\DQLPSHUFHSWLEOHPRYHPHQWWXUQLQJKLV
FKDLUVRWKDWKHUHPDLQHGLQWKHVKDGHZKLOHWKHOLJKWIHOO
IXOORQ0D[LPLOLDQ
VIDFH<HVFRQWLQXHG0RUUHOGHDWK
KDGHQWHUHGWKDWKRXVHWZLFHZLWKLQRQHPRQWK
$QGZKDWGLGWKHGRFWRUDQVZHU"DVNHG0RQWH&ULVWR
+HUHSOLHGKHUHSOLHGWKDWWKHGHDWKZDVQRWDQDWXUDO
RQHDQGPXVWEHDWWULEXWHG
7RZKDW"
7RSRLVRQ
,QGHHG"VDLG0RQWH&ULVWRZLWKDVOLJKWFRXJKZKLFKLQ
PRPHQWVRIH[WUHPHHPRWLRQKHOSHGKLPWRGLVJXLVHDEOXVK
RUKLVSDOORURUWKHLQWHQVHLQWHUHVWZLWKZKLFKKH
OLVWHQHGLQGHHG0D[LPLOLDQGLG\RXKHDUWKDW"
<HVP\GHDUFRXQW,KHDUGLWDQGWKHGRFWRUDGGHGWKDW
LIDQRWKHUGHDWKRFFXUUHGLQDVLPLODUZD\KHPXVWDSSHDOWR
MXVWLFH0RQWH&ULVWROLVWHQHGRUDSSHDUHGWRGRVRZLWK
WKHJUHDWHVWFDOPQHVV:HOOVDLG0D[LPLOLDQGHDWKFDPH
DWKLUGWLPHDQGQHLWKHUWKHPDVWHURIWKHKRXVHQRUWKH
GRFWRUVDLGDZRUG'HDWKLVQRZSHUKDSVVWULNLQJDIRXUWK
EORZ&RXQWZKDWDP,ERXQGWRGREHLQJLQSRVVHVVLRQRI
WKLVVHFUHW"
0\GHDUIULHQGVDLG0RQWH&ULVWR\RXDSSHDUWREH
UHODWLQJDQDGYHQWXUHZKLFKZHDOONQRZE\KHDUW,NQRZWKH
KRXVHZKHUH\RXKHDUGLWRURQHYHU\VLPLODUWRLWDKRXVH
ZLWKDJDUGHQDPDVWHUDSK\VLFLDQDQGZKHUHWKHUHKDYH
EHHQWKUHHXQH[SHFWHGDQGVXGGHQGHDWKV:HOO,KDYHQRW
LQWHUFHSWHG\RXUFRQILGHQFHDQG\HW,NQRZDOOWKDWDVZHOO
DV\RXDQG,KDYHQRFRQVFLHQWLRXVVFUXSOHV1RLWGRHV
QRWFRQFHUQPH<RXVD\DQH[WHUPLQDWLQJDQJHODSSHDUVWR
KDYHGHYRWHGWKDWKRXVHWR*RG
VDQJHUZHOOZKRVD\V
\RXUVXSSRVLWLRQLVQRWUHDOLW\"'RQRWQRWLFHWKLQJVZKLFK
WKRVHZKRVHLQWHUHVWLWLVWRVHHWKHPSDVVRYHU,ILWLV
*RG
VMXVWLFHLQVWHDGRIKLVDQJHUZKLFKLVZDONLQJ
WKURXJKWKDWKRXVH0D[LPLOLDQWXUQDZD\\RXUIDFHDQGOHW
KLVMXVWLFHDFFRPSOLVKLWVSXUSRVH0RUUHOVKXGGHUHG7KHUH
ZDVVRPHWKLQJPRXUQIXOVROHPQDQGWHUULEOHLQWKHFRXQW
V

1172

PDQQHU%HVLGHVFRQWLQXHGKHLQVRFKDQJHGDWRQHWKDW
QRRQHZRXOGKDYHVXSSRVHGLWZDVWKHVDPHSHUVRQVSHDNLQJ
EHVLGHVZKRVD\VWKDWLWZLOOEHJLQDJDLQ"
,WKDVUHWXUQHGFRXQWH[FODLPHG0RUUHOWKDWLVZK\,
KDVWHQHGWR\RX
:HOOZKDWGR\RXZLVKPHWRGR"'R\RXZLVKPHIRU
LQVWDQFHWRJLYHLQIRUPDWLRQWRWKHSURFXUHXU"0RQWH
&ULVWRXWWHUHGWKHODVWZRUGVZLWKVRPXFKPHDQLQJWKDW
0RUUHOVWDUWLQJXSFULHGRXW<RXNQRZRIZKRP,VSHDN
FRXQWGR\RXQRW"
3HUIHFWO\ZHOOP\JRRGIULHQGDQG,ZLOOSURYHLWWR\RX
E\SXWWLQJWKHGRWVWRWKHCL
RUUDWKHUE\QDPLQJWKH
SHUVRQV<RXZHUHZDONLQJRQHHYHQLQJLQ0GH9LOOHIRUW
V
JDUGHQIURPZKDW\RXUHODWH,VXSSRVHLWWRKDYHEHHQWKH
HYHQLQJRI0DGDPHGH6DLQW0HUDQ
VGHDWK<RXKHDUG0GH
9LOOHIRUWWDONLQJWR0G
$YULJQ\DERXWWKHGHDWKRI0GH
6DLQW0HUDQDQGWKDWQROHVVVXUSULVLQJRIWKHFRXQWHVV
0G
$YULJQ\VDLGKHEHOLHYHGWKH\ERWKSURFHHGHGIURP
SRLVRQDQG\RXKRQHVWPDQKDYHHYHUVLQFHEHHQDVNLQJ
\RXUKHDUWDQGVRXQGLQJ\RXUFRQVFLHQFHWRNQRZLI\RXRXJKW
WRH[SRVHRUFRQFHDOWKLVVHFUHW:K\GR\RXWRUPHQWWKHP"
C&RQVFLHQFHZKDWKDVWWKRXWRGRZLWKPH"
DV6WHUQHVDLG
0\GHDUIHOORZOHWWKHPVOHHSRQLIWKH\DUHDVOHHSOHW
WKHPJURZSDOHLQWKHLUGURZVLQHVVLIWKH\DUHGLVSRVHGWR
GRVRDQGSUD\GR\RXUHPDLQLQSHDFHZKRKDYHQRUHPRUVH
WRGLVWXUE\RX'HHSJULHIZDVGHSLFWHGRQ0RUUHO
V
IHDWXUHVKHVHL]HG0RQWH&ULVWR
VKDQG%XWLWLV
EHJLQQLQJDJDLQ,VD\
:HOOVDLGWKH&RXQWDVWRQLVKHGDWKLVSHUVHYHUDQFH
ZKLFKKHFRXOGQRWXQGHUVWDQGDQGORRNLQJVWLOOPRUH
HDUQHVWO\DW0D[LPLOLDQOHWLWEHJLQDJDLQLWLVOLNH
WKHKRXVHRIWKH$WUHLGDH *RGKDVFRQGHPQHGWKHPDQGWKH\
PXVWVXEPLWWRWKHLUSXQLVKPHQW7KH\ZLOODOOGLVDSSHDU
OLNHWKHIDEULFVFKLOGUHQEXLOGZLWKFDUGVDQGZKLFKIDOO
RQHE\RQHXQGHUWKHEUHDWKRIWKHLUEXLOGHUHYHQLIWKHUH
DUHWZRKXQGUHGRIWKHP7KUHHPRQWKVVLQFHLWZDV0GH
6DLQW0HUDQ0DGDPHGH6DLQW0HUDQWZRPRQWKVVLQFHWKH
RWKHUGD\LWZDV%DUURLVWRGD\WKHROG1RLUWLHURU\RXQJ
9DOHQWLQH

1173

,QWKHROG*UHHNOHJHQGWKH$WUHLGDHRUFKLOGUHQRI
$WUHXVZHUHGRRPHGWRSXQLVKPHQWEHFDXVHRIWKHDERPLQDEOH
FULPHRIWKHLUIDWKHU7KH$JDPHPQRQRI$HVFK\OXVLVEDVHG
RQWKLVOHJHQG
<RXNQHZLW"FULHG0RUUHOLQVXFKDSDUR[\VPRIWHUURU
WKDW0RQWH&ULVWRVWDUWHGKHZKRPWKHIDOOLQJKHDYHQV
ZRXOGKDYHIRXQGXQPRYHG\RXNQHZLWDQGVDLGQRWKLQJ"
$QGZKDWLVLWWRPH"UHSOLHG0RQWH&ULVWRVKUXJJLQJKLV
VKRXOGHUVGR,NQRZWKRVHSHRSOH"DQGPXVW,ORVHWKHRQH
WRVDYHWKHRWKHU")DLWKQRIRUEHWZHHQWKHFXOSULWDQG
WKHYLFWLP,KDYHQRFKRLFH
%XW,FULHG0RUUHOJURDQLQJZLWKVRUURZ,ORYHKHU
<RXORYH"ZKRP"FULHG0RQWH&ULVWRVWDUWLQJWRKLV
IHHWDQGVHL]LQJWKHWZRKDQGVZKLFK0RUUHOZDVUDLVLQJ
WRZDUGVKHDYHQ
,ORYHPRVWIRQGO\,ORYHPDGO\,ORYHDVDPDQZKR
ZRXOGJLYHKLVOLIHEORRGWRVSDUHKHUDWHDU,ORYH
9DOHQWLQHGH9LOOHIRUWZKRLVEHLQJPXUGHUHGDWWKLV
PRPHQW'R\RXXQGHUVWDQGPH",ORYHKHUDQG,DVN*RGDQG
\RXKRZ,FDQVDYHKHU"0RQWH&ULVWRXWWHUHGDFU\ZKLFK
WKRVHRQO\FDQFRQFHLYHZKRKDYHKHDUGWKHURDURIDZRXQGHG
OLRQ8QKDSS\PDQFULHGKHZULQJLQJKLVKDQGVLQKLV
WXUQ\RXORYH9DOHQWLQHWKDWGDXJKWHURIDQDFFXUVHG
UDFH1HYHUKDG0RUUHOZLWQHVVHGVXFKDQH[SUHVVLRQ
QHYHUKDGVRWHUULEOHDQH\HIODVKHGEHIRUHKLVIDFH
QHYHUKDGWKHJHQLXVRIWHUURUKHKDGVRRIWHQVHHQHLWKHU
RQWKHEDWWOHILHOGRULQWKHPXUGHURXVQLJKWVRI$OJHULD
VKDNHQDURXQGKLPPRUHGUHDGIXOILUH+HGUHZEDFN
WHUULILHG
$VIRU0RQWH&ULVWRDIWHUWKLVHEXOOLWLRQKHFORVHGKLV
H\HVDVLIGD]]OHGE\LQWHUQDOOLJKW,QDPRPHQWKH
UHVWUDLQHGKLPVHOIVRSRZHUIXOO\WKDWWKHWHPSHVWXRXV
KHDYLQJRIKLVEUHDVWVXEVLGHGDVWXUEXOHQWDQGIRDPLQJ
ZDYHV\LHOGWRWKHVXQ
VJHQLDOLQIOXHQFHZKHQWKHFORXGKDV
SDVVHG7KLVVLOHQFHVHOIFRQWURODQGVWUXJJOHODVWHG
DERXWWZHQW\VHFRQGVWKHQWKHFRXQWUDLVHGKLVSDOOLGIDFH
6HHVDLGKHP\GHDUIULHQGKRZ*RGSXQLVKHVWKHPRVW
WKRXJKWOHVVDQGXQIHHOLQJPHQIRUWKHLULQGLIIHUHQFHE\

1174

SUHVHQWLQJGUHDGIXOVFHQHVWRWKHLUYLHZ,ZKRZDVORRNLQJ
RQDQHDJHUDQGFXULRXVVSHFWDWRU,ZKRZDVZDWFKLQJ
WKHZRUNLQJRIWKLVPRXUQIXOWUDJHG\,ZKROLNHD
ZLFNHGDQJHOZDVODXJKLQJDWWKHHYLOPHQFRPPLWWHG
SURWHFWHGE\VHFUHF\ DVHFUHWLVHDVLO\NHSWE\WKHULFK
DQGSRZHUIXO ,DPLQP\WXUQELWWHQE\WKHVHUSHQWZKRVH
WRUWXRXVFRXUVH,ZDVZDWFKLQJDQGELWWHQWRWKHKHDUW
0RUUHOJURDQHG&RPHFRPHFRQWLQXHGWKHFRXQW
FRPSODLQWVDUHXQDYDLOLQJEHDPDQEHVWURQJEHIXOORI
KRSHIRU,DPKHUHDQGZLOOZDWFKRYHU\RX0RUUHOVKRRN
KLVKHDGVRUURZIXOO\,WHOO\RXWRKRSH'R\RXXQGHUVWDQG
PH"FULHG0RQWH&ULVWR5HPHPEHUWKDW,QHYHUXWWHUHGD
IDOVHKRRGDQGDPQHYHUGHFHLYHG,WLVWZHOYHR
FORFN
0D[LPLOLDQWKDQNKHDYHQWKDW\RXFDPHDWQRRQUDWKHUWKDQ
LQWKHHYHQLQJRUWRPRUURZPRUQLQJ/LVWHQ0RUUHOLW
LVQRRQLI9DOHQWLQHLVQRWQRZGHDGVKHZLOOQRWGLH
+RZVR"FULHG0RUUHOZKHQ,OHIWKHUG\LQJ"0RQWH
&ULVWRSUHVVHGKLVKDQGVWRKLVIRUHKHDG:KDWZDVSDVVLQJ
LQWKDWEUDLQVRORDGHGZLWKGUHDGIXOVHFUHWV":KDWGRHV
WKHDQJHORIOLJKWRUWKHDQJHORIGDUNQHVVVD\WRWKDW
PLQGDWRQFHLPSODFDEOHDQGJHQHURXV"*RGRQO\NQRZV
0RQWH&ULVWRUDLVHGKLVKHDGRQFHPRUHDQGWKLVWLPHKHZDV
FDOPDVDFKLOGDZDNLQJIURPLWVVOHHS0D[LPLOLDQVDLG
KHUHWXUQKRPH,FRPPDQG\RXQRWWRVWLUDWWHPSW
QRWKLQJQRWWROHW\RXUFRXQWHQDQFHEHWUD\DWKRXJKWDQG,
ZLOOVHQG\RXWLGLQJV*R
2KFRXQW\RXRYHUZKHOPPHZLWKWKDWFRROQHVV+DYH\RX
WKHQSRZHUDJDLQVWGHDWK"$UH\RXVXSHUKXPDQ"$UH\RXDQ
DQJHO"$QGWKH\RXQJPDQZKRKDGQHYHUVKUXQNIURPGDQJHU
VKUDQNEHIRUH0RQWH&ULVWRZLWKLQGHVFULEDEOHWHUURU%XW
0RQWH&ULVWRORRNHGDWKLPZLWKVRPHODQFKRO\DQGVZHHWD
VPLOHWKDW0D[LPLOLDQIHOWWKHWHDUVILOOLQJKLVH\HV,
FDQGRPXFKIRU\RXP\IULHQGUHSOLHGWKHFRXQW*R,
PXVWEHDORQH0RUUHOVXEGXHGE\WKHH[WUDRUGLQDU\
DVFHQGDQF\0RQWH&ULVWRH[HUFLVHGRYHUHYHU\WKLQJDURXQG
KLPGLGQRWHQGHDYRUWRUHVLVWLW+HSUHVVHGWKHFRXQW
V
KDQGDQGOHIW+HVWRSSHGRQHPRPHQWDWWKHGRRUIRU
%DSWLVWLQZKRPKHVDZLQWKH5XH0DWLJQRQDQGZKRZDV
UXQQLQJ

1175

0HDQZKLOH9LOOHIRUWDQGG
$YULJQ\KDGPDGHDOOSRVVLEOH
KDVWH9DOHQWLQHKDGQRWUHYLYHGIURPKHUIDLQWLQJILWRQ
WKHLUDUULYDODQGWKHGRFWRUH[DPLQHGWKHLQYDOLGZLWKDOO
WKHFDUHWKHFLUFXPVWDQFHVGHPDQGHGDQGZLWKDQLQWHUHVW
ZKLFKWKHNQRZOHGJHRIWKHVHFUHWLQWHQVLILHGWZRIROG
9LOOHIRUWFORVHO\ZDWFKLQJKLVFRXQWHQDQFHDQGKLVOLSV
DZDLWHGWKHUHVXOWRIWKHH[DPLQDWLRQ1RLUWLHUSDOHUWKDQ
HYHQWKH\RXQJJLUOPRUHHDJHUWKDQ9LOOHIRUWIRUWKH
GHFLVLRQZDVZDWFKLQJDOVRLQWHQWO\DQGDIIHFWLRQDWHO\$W
ODVWG
$YULJQ\VORZO\XWWHUHGWKHVHZRUGVVKHLVVWLOO
DOLYH
6WLOO"FULHG9LOOHIRUWRKGRFWRUZKDWDGUHDGIXOZRUG
LVWKDW
<HVVDLGWKHSK\VLFLDQ,UHSHDWLWVKHLVVWLOODOLYH
DQG,DPDVWRQLVKHGDWLW
%XWLVVKHVDIH"DVNHGWKHIDWKHU
<HVVLQFHVKHOLYHV$WWKDWPRPHQWG
$YULJQ\
VJODQFH
PHW1RLUWLHU
VH\H,WJOLVWHQHGZLWKVXFKH[WUDRUGLQDU\
MR\VRULFKDQGIXOORIWKRXJKWWKDWWKHSK\VLFLDQZDV
VWUXFN+HSODFHGWKH\RXQJJLUODJDLQRQWKHFKDLUKHU
OLSVZHUHVFDUFHO\GLVFHUQLEOHWKH\ZHUHVRSDOHDQGZKLWH
DVZHOODVKHUZKROHIDFHDQGUHPDLQHGPRWLRQOHVV
ORRNLQJDW1RLUWLHUZKRDSSHDUHGWRDQWLFLSDWHDQGFRPPHQG
DOOKHGLG6LUVDLGG
$YULJQ\WR9LOOHIRUWFDOO
0DGHPRLVHOOH9DOHQWLQH
VPDLGLI\RXSOHDVH9LOOHIRUW
ZHQWKLPVHOIWRILQGKHUDQGG
$YULJQ\DSSURDFKHG1RLUWLHU
+DYH\RXVRPHWKLQJWRWHOOPH"DVNHGKH7KHROGPDQ
ZLQNHGKLVH\HVH[SUHVVLYHO\ZKLFKZHPD\UHPHPEHUZDVKLV
RQO\ZD\RIH[SUHVVLQJKLVDSSURYDO
3ULYDWHO\"
<HV
:HOO,ZLOOUHPDLQZLWK\RX$WWKLVPRPHQW9LOOHIRUW
UHWXUQHGIROORZHGE\WKHODG\
VPDLGDQGDIWHUKHUFDPH
0DGDPHGH9LOOHIRUW
:KDWLVWKHPDWWHUWKHQZLWKWKLVGHDUFKLOG"VKHKDV
MXVWOHIWPHDQGVKHFRPSODLQHGRIEHLQJLQGLVSRVHGEXW,

1176

GLGQRWWKLQNVHULRXVO\RILW7KH\RXQJZRPDQZLWKWHDUV
LQKHUH\HVDQGHYHU\PDUNRIDIIHFWLRQRIDWUXHPRWKHU
DSSURDFKHG9DOHQWLQHDQGWRRNKHUKDQG'
$YULJQ\FRQWLQXHG
WRORRNDW1RLUWLHUKHVDZWKHH\HVRIWKHROGPDQGLODWH
DQGEHFRPHURXQGKLVFKHHNVWXUQSDOHDQGWUHPEOHWKH
SHUVSLUDWLRQVWRRGLQGURSVXSRQKLVIRUHKHDG$KVDLG
KHLQYROXQWDULO\IROORZLQJ1RLUWLHU
VH\HVZKLFKZHUH
IL[HGRQ0DGDPHGH9LOOHIRUWZKRUHSHDWHG7KLVSRRU
FKLOGZRXOGEHEHWWHULQEHG&RPH)DQQ\ZHZLOOSXWKHU
WREHG0G
$YULJQ\ZKRVDZWKDWZRXOGEHDPHDQVRIKLV
UHPDLQLQJDORQHZLWK1RLUWLHUH[SUHVVHGKLVRSLQLRQWKDWLW
ZDVWKHEHVWWKLQJWKDWFRXOGEHGRQHEXWKHIRUEDGHWKDW
DQ\WKLQJVKRXOGEHJLYHQWRKHUH[FHSWZKDWKHRUGHUHG
7KH\FDUULHG9DOHQWLQHDZD\VKHKDGUHYLYHGEXWFRXOG
VFDUFHO\PRYHRUVSHDNVRVKDNHQZDVKHUIUDPHE\WKH
DWWDFN6KHKDGKRZHYHUMXVWSRZHUWRJLYHRQHSDUWLQJ
ORRNWRKHUJUDQGIDWKHUZKRLQORVLQJKHUVHHPHGWREH
UHVLJQLQJKLVYHU\VRXO'
$YULJQ\IROORZHGWKHLQYDOLG
ZURWHDSUHVFULSWLRQRUGHUHG9LOOHIRUWWRWDNHDFDEULROHW
JRLQSHUVRQWRDFKHPLVW
VWRJHWWKHSUHVFULEHGPHGLFLQH
EULQJLWKLPVHOIDQGZDLWIRUKLPLQKLVGDXJKWHU
VURRP
7KHQKDYLQJUHQHZHGKLVLQMXQFWLRQQRWWRJLYH9DOHQWLQH
DQ\WKLQJKHZHQWGRZQDJDLQWR1RLUWLHUVKXWWKHGRRUV
FDUHIXOO\DQGDIWHUFRQYLQFLQJKLPVHOIWKDWQRRQHZDV
OLVWHQLQJ'R\RXVDLGKHNQRZDQ\WKLQJRIWKLV
\RXQJODG\
VLOOQHVV"
<HVVDLGWKHROGPDQ
:HKDYHQRWLPHWRORVH,ZLOOTXHVWLRQDQGGR\RXDQVZHU
PH1RLUWLHUPDGHDVLJQWKDWKHZDVUHDG\WRDQVZHU'LG
\RXDQWLFLSDWHWKHDFFLGHQWZKLFKKDVKDSSHQHGWR\RXU
JUDQGGDXJKWHU"
<HV'
$YULJQ\UHIOHFWHGDPRPHQWWKHQDSSURDFKLQJ
1RLUWLHU3DUGRQZKDW,DPJRLQJWRVD\DGGHGKHEXW
QRLQGLFDWLRQVKRXOGEHQHJOHFWHGLQWKLVWHUULEOH
VLWXDWLRQ'LG\RXVHHSRRU%DUURLVGLH"1RLUWLHUUDLVHG
KLVH\HVWRKHDYHQ'R\RXNQRZRIZKDWKHGLHGDVNHG
G
$YULJQ\SODFLQJKLVKDQGRQ1RLUWLHU
VVKRXOGHU
<HVUHSOLHGWKHROGPDQ

1177

'R\RXWKLQNKHGLHGDQDWXUDOGHDWK"$VRUWRIVPLOHZDV
GLVFHUQLEOHRQWKHPRWLRQOHVVOLSVRI1RLUWLHU
7KHQ\RXKDYHWKRXJKWWKDW%DUURLVZDVSRLVRQHG"
<HV
'R\RXWKLQNWKHSRLVRQKHIHOODYLFWLPWRZDVLQWHQGHG
IRUKLP"
1R
'R\RXWKLQNWKHVDPHKDQGZKLFKXQLQWHQWLRQDOO\VWUXFN
%DUURLVKDVQRZDWWDFNHG9DOHQWLQH"
<HV
7KHQZLOOVKHGLHWRR"DVNHGG
$YULJQ\IL[LQJKLV
SHQHWUDWLQJJD]HRQ1RLUWLHU+HZDWFKHGWKHHIIHFWRIWKLV
TXHVWLRQRQWKHROGPDQ1RUHSOLHGKHZLWKDQDLURI
WULXPSKZKLFKZRXOGKDYHSX]]OHGWKHPRVWFOHYHUGLYLQHU
7KHQ\RXKRSH"VDLGG
$YULJQ\ZLWKVXUSULVH
<HV
:KDWGR\RXKRSH"7KHROGPDQPDGHKLPXQGHUVWDQGZLWKKLV
H\HVWKDWKHFRXOGQRWDQVZHU$K\HVLWLVWUXH
PXUPXUHGG
$YULJQ\7KHQWXUQLQJWR1RLUWLHU'R\RX
KRSHWKHDVVDVVLQZLOOEHWULHG"
1R
7KHQ\RXKRSHWKHSRLVRQZLOOWDNHQRHIIHFWRQ9DOHQWLQH"
<HV
,WLVQRQHZVWR\RXDGGHGG
$YULJQ\WRWHOO\RXWKDW
DQDWWHPSWKDVEHHQPDGHWRSRLVRQKHU"7KHROGPDQPDGHD
VLJQWKDWKHHQWHUWDLQHGQRGRXEWXSRQWKHVXEMHFW7KHQ
KRZGR\RXKRSH9DOHQWLQHZLOOHVFDSH"1RLUWLHUNHSWKLV
H\HVVWHDGIDVWO\IL[HGRQWKHVDPHVSRW'
$YULJQ\IROORZHG
WKHGLUHFWLRQDQGVDZWKDWWKH\ZHUHIL[HGRQDERWWOH
FRQWDLQLQJWKHPL[WXUHZKLFKKHWRRNHYHU\PRUQLQJ$K
LQGHHG"VDLGG
$YULJQ\VWUXFNZLWKDVXGGHQWKRXJKWKDV

1178

LWRFFXUUHGWR\RX1RLUWLHUGLGQRWOHWKLPILQLVK
<HVVDLGKH7RSUHSDUHKHUV\VWHPWRUHVLVWSRLVRQ"
<HV
%\DFFXVWRPLQJKHUE\GHJUHHV
<HV\HV\HVVDLG1RLUWLHUGHOLJKWHGWREHXQGHUVWRRG
2IFRXUVH,KDGWROG\RXWKDWWKHUHZDVEUXFLQHLQWKH
PL[WXUH,JLYH\RX
<HV
$QGE\DFFXVWRPLQJKHUWRWKDWSRLVRQ\RXKDYHHQGHDYRUHG
WRQHXWUDOL]HWKHHIIHFWRIDVLPLODUSRLVRQ"1RLUWLHU
V
MR\FRQWLQXHG$QG\RXKDYHVXFFHHGHGH[FODLPHG
G
$YULJQ\:LWKRXWWKDWSUHFDXWLRQ9DOHQWLQHZRXOGKDYH
GLHGEHIRUHDVVLVWDQFHFRXOGKDYHEHHQSURFXUHG7KHGRVH
KDVEHHQH[FHVVLYHEXWVKHKDVRQO\EHHQVKDNHQE\LWDQG
WKLVWLPHDWDQ\UDWH9DOHQWLQHZLOOQRWGLH$
VXSHUKXPDQMR\H[SDQGHGWKHROGPDQ
VH\HVZKLFKZHUH
UDLVHGWRZDUGVKHDYHQZLWKDQH[SUHVVLRQRILQILQLWH
JUDWLWXGH$WWKLVPRPHQW9LOOHIRUWUHWXUQHG+HUH
GRFWRUVDLGKHLVZKDW\RXVHQWPHIRU
:DVWKLVSUHSDUHGLQ\RXUSUHVHQFH"
<HVUHSOLHGWKHSURFXUHXU
+DYH\RXQRWOHWLWJRRXWRI\RXUKDQGV"
1R'
$YULJQ\WRRNWKHERWWOHSRXUHGVRPHGURSVRIWKH
PL[WXUHLWFRQWDLQHGLQWKHKROORZRIKLVKDQGDQG
VZDOORZHGWKHP:HOOVDLGKHOHWXVJRWR9DOHQWLQH,
ZLOOJLYHLQVWUXFWLRQVWRHYHU\RQHDQG\RX0GH
9LOOHIRUWZLOO\RXUVHOIVHHWKDWQRRQHGHYLDWHVIURP
WKHP
$WWKHPRPHQWZKHQG
$YULJQ\ZDVUHWXUQLQJWR9DOHQWLQH
V
URRPDFFRPSDQLHGE\9LOOHIRUWDQ,WDOLDQSULHVWRI
VHULRXVGHPHDQRUDQGFDOPDQGILUPWRQHKLUHGIRUKLVXVH
WKHKRXVHDGMRLQLQJWKHKRWHORI0GH9LOOHIRUW1RRQH
NQHZKRZWKHWKUHHIRUPHUWHQDQWVRIWKDWKRXVHOHIWLW

1179

$ERXWWZRKRXUVDIWHUZDUGVLWVIRXQGDWLRQZDVUHSRUWHGWREH
XQVDIHEXWWKHUHSRUWGLGQRWSUHYHQWWKHQHZRFFXSDQW
HVWDEOLVKLQJKLPVHOIWKHUHZLWKKLVPRGHVWIXUQLWXUHWKH
VDPHGD\DWILYHR
FORFN7KHOHDVHZDVGUDZQXSIRUWKUHH
VL[RUQLQH\HDUVE\WKHQHZWHQDQWZKRDFFRUGLQJWRWKH
UXOHRIWKHSURSULHWRUSDLGVL[PRQWKVLQDGYDQFH7KLVQHZ
WHQDQWZKRDVZHKDYHVDLGZDVDQ,WDOLDQZDVFDOOHG,O
6LJQRU*LDFRPR%XVRQL:RUNPHQZHUHLPPHGLDWHO\FDOOHGLQ
DQGWKDWVDPHQLJKWWKHSDVVHQJHUVDWWKHHQGRIWKH
IDXERXUJVDZZLWKVXUSULVHWKDWFDUSHQWHUVDQGPDVRQVZHUH
RFFXSLHGLQUHSDLULQJWKHORZHUSDUWRIWKHWRWWHULQJKRXVH

&KDSWHU
)DWKHUDQG'DXJKWHU
:HVDZLQDSUHFHGLQJFKDSWHUKRZ0DGDPH'DQJODUVZHQW
IRUPDOO\WRDQQRXQFHWR0DGDPHGH9LOOHIRUWWKHDSSURDFKLQJ
PDUULDJHRI(XJHQLH'DQJODUVDQG0$QGUHD&DYDOFDQWL7KLV
DQQRXQFHPHQWZKLFKLPSOLHGRUDSSHDUHGWRLPSO\WKH
DSSURYDORIDOOWKHSHUVRQVFRQFHUQHGLQWKLVPRPHQWRXV
DIIDLUKDGEHHQSUHFHGHGE\DVFHQHWRZKLFKRXUUHDGHUV
PXVWEHDGPLWWHG:HEHJWKHPWRWDNHRQHVWHSEDFNZDUGDQG
WRWUDQVSRUWWKHPVHOYHVWKHPRUQLQJRIWKDWGD\RIJUHDW
FDWDVWURSKHVLQWRWKHVKRZ\JLOGHGVDORQZHKDYHEHIRUH
VKRZQWKHPDQGZKLFKZDVWKHSULGHRILWVRZQHU%DURQ
'DQJODUV,QWKLVURRPDWDERXWWHQR
FORFNLQWKHPRUQLQJ
WKHEDQNHUKLPVHOIKDGEHHQZDONLQJWRDQGIURIRUVRPH
PLQXWHVWKRXJKWIXOO\DQGLQHYLGHQWXQHDVLQHVVZDWFKLQJ
ERWKGRRUVDQGOLVWHQLQJWRHYHU\VRXQG:KHQKLVSDWLHQFH
ZDVH[KDXVWHGKHFDOOHGKLVYDOHW(WLHQQHVDLGKHVHH
ZK\0DGHPRLVHOOH(XJHQLHKDVDVNHGPHWRPHHWKHULQWKH
GUDZLQJURRPDQGZK\VKHPDNHVPHZDLWVRORQJ
+DYLQJJLYHQWKLVYHQWWRKLVLOOKXPRUWKHEDURQEHFDPH
PRUHFDOP0DGHPRLVHOOH'DQJODUVKDGWKDWPRUQLQJUHTXHVWHG
DQLQWHUYLHZZLWKKHUIDWKHUDQGKDGIL[HGRQWKHJLOGHG
GUDZLQJURRPDVWKHVSRW7KHVLQJXODULW\RIWKLVVWHSDQG
DERYHDOOLWVIRUPDOLW\KDGQRWDOLWWOHVXUSULVHGWKH
EDQNHUZKRKDGLPPHGLDWHO\REH\HGKLVGDXJKWHUE\UHSDLULQJ
ILUVWWRWKHGUDZLQJURRP(WLHQQHVRRQUHWXUQHGIURPKLV
HUUDQG0DGHPRLVHOOH
VODG\
VPDLGVD\VVLUWKDW
PDGHPRLVHOOHLVILQLVKLQJKHUWRLOHWWHDQGZLOOEHKHUH

1180

VKRUWO\
'DQJODUVQRGGHGWRVLJQLI\WKDWKHZDVVDWLVILHG7RWKH
ZRUOGDQGWRKLVVHUYDQWV'DQJODUVDVVXPHGWKHFKDUDFWHURI
WKHJRRGQDWXUHGPDQDQGWKHLQGXOJHQWIDWKHU7KLVZDVRQH
RIKLVSDUWVLQWKHSRSXODUFRPHG\KHZDVSHUIRUPLQJD
PDNHXSKHKDGDGRSWHGDQGZKLFKVXLWHGKLPDERXWDVZHOODV
WKHPDVNVZRUQRQWKHFODVVLFVWDJHE\SDWHUQDODFWRUVZKR
VHHQIURPRQHVLGHZHUHWKHLPDJHRIJHQLDOLW\DQGIURP
WKHRWKHUVKRZHGOLSVGUDZQGRZQLQFKURQLFLOOWHPSHU/HW
XVKDVWHQWRVD\WKDWLQSULYDWHWKHJHQLDOVLGHGHVFHQGHG
WRWKHOHYHORIWKHRWKHUVRWKDWJHQHUDOO\WKHLQGXOJHQW
PDQGLVDSSHDUHGWRJLYHSODFHWRWKHEUXWDOKXVEDQGDQG
GRPLQHHULQJIDWKHU:K\WKHGHYLOGRHVWKDWIRROLVKJLUO
ZKRSUHWHQGVWRZLVKWRVSHDNWRPHQRWFRPHLQWRP\VWXG\"
DQGZK\RQHDUWKGRHVVKHZDQWWRVSHDNWRPHDWDOO"
+HZDVWXUQLQJWKLVWKRXJKWRYHULQKLVEUDLQIRUWKH
WZHQWLHWKWLPHZKHQWKHGRRURSHQHGDQG(XJHQLHDSSHDUHG
DWWLUHGLQDILJXUHGEODFNVDWLQGUHVVKHUKDLUGUHVVHGDQG
JORYHVRQDVLIVKHZHUHJRLQJWRWKH,WDOLDQ2SHUD:HOO
(XJHQLHZKDWLVLW\RXZDQWZLWKPH"DQGZK\LQWKLVVROHPQ
GUDZLQJURRPZKHQWKHVWXG\LVVRFRPIRUWDEOH"
,TXLWHXQGHUVWDQGZK\\RXDVNVLUVDLG(XJHQLHPDNLQJ
DVLJQWKDWKHUIDWKHUPLJKWEHVHDWHGDQGLQIDFW\RXU
WZRTXHVWLRQVVXJJHVWIXOO\WKHWKHPHRIRXUFRQYHUVDWLRQ,
ZLOODQVZHUWKHPERWKDQGFRQWUDU\WRWKHXVXDOPHWKRGWKH
ODVWILUVWEHFDXVHLWLVWKHOHDVWGLIILFXOW,KDYHFKRVHQ
WKHGUDZLQJURRPVLUDVRXUSODFHRIPHHWLQJLQRUGHUWR
DYRLGWKHGLVDJUHHDEOHLPSUHVVLRQVDQGLQIOXHQFHVRID
EDQNHU
VVWXG\7KRVHJLOGHGFDVKERRNVGUDZHUVORFNHGOLNH
JDWHVRIIRUWUHVVHVKHDSVRIEDQNELOOVFRPHIURP,NQRZ
QRWZKHUHDQGWKHTXDQWLWLHVRIOHWWHUVIURP(QJODQG
+ROODQG6SDLQ,QGLD&KLQDDQG3HUXKDYHJHQHUDOO\D
VWUDQJHLQIOXHQFHRQDIDWKHU
VPLQGDQGPDNHKLPIRUJHW
WKDWWKHUHLVLQWKHZRUOGDQLQWHUHVWJUHDWHUDQGPRUH
VDFUHGWKDQWKHJRRGRSLQLRQRIKLVFRUUHVSRQGHQWV,KDYH
WKHUHIRUHFKRVHQWKLVGUDZLQJURRPZKHUH\RXVHHVPLOLQJ
DQGKDSS\LQWKHLUPDJQLILFHQWIUDPHV\RXUSRUWUDLWPLQH
P\PRWKHU
VDQGDOOVRUWVRIUXUDOODQGVFDSHVDQGWRXFKLQJ
SDVWRUDOV,UHO\PXFKRQH[WHUQDOLPSUHVVLRQVSHUKDSV
ZLWKUHJDUGWR\RXWKH\DUHLPPDWHULDOEXW,VKRXOGEHQR
DUWLVWLI,KDGQRWVRPHIDQFLHV

1181

9HU\ZHOOUHSOLHG0'DQJODUVZKRKDGOLVWHQHGWRDOO
WKLVSUHDPEOHZLWKLPSHUWXUEDEOHFRROQHVVEXWZLWKRXW
XQGHUVWDQGLQJDZRUGVLQFHOLNHHYHU\PDQEXUGHQHGZLWK
WKRXJKWVRIWKHSDVWKHZDVRFFXSLHGZLWKVHHNLQJWKH
WKUHDGRIKLVRZQLGHDVLQWKRVHRIWKHVSHDNHU
7KHUHLVWKHQWKHVHFRQGSRLQWFOHDUHGXSRUQHDUO\VR
VDLG(XJHQLHZLWKRXWWKHOHDVWFRQIXVLRQDQGZLWKWKDW
PDVFXOLQHSRLQWHGQHVVZKLFKGLVWLQJXLVKHGKHUJHVWXUHDQG
KHUODQJXDJHDQG\RXDSSHDUVDWLVILHGZLWKWKH
H[SODQDWLRQ1RZOHWXVUHWXUQWRWKHILUVW<RXDVNPHZK\
,KDYHUHTXHVWHGWKLVLQWHUYLHZ,ZLOOWHOO\RXLQWZR
ZRUGVVLU,ZLOOQRWPDUU\FRXQW$QGUHD&DYDOFDQWL
'DQJODUVOHDSHGIURPKLVFKDLUDQGUDLVHGKLVH\HVDQGDUPV
WRZDUGVKHDYHQ
<HVLQGHHGVLUFRQWLQXHG(XJHQLHVWLOOTXLWHFDOP
\RXDUHDVWRQLVKHG,VHHIRUVLQFHWKLVOLWWOHDIIDLU
EHJDQ,KDYHQRWPDQLIHVWHGWKHVOLJKWHVWRSSRVLWLRQDQG
\HW,DPDOZD\VVXUHZKHQWKHRSSRUWXQLW\DUULYHVWR
RSSRVHDGHWHUPLQHGDQGDEVROXWHZLOOWRSHRSOHZKRKDYHQRW
FRQVXOWHGPHDQGWKLQJVZKLFKGLVSOHDVHPH+RZHYHUWKLV
WLPHP\WUDQTXLOOLW\RUSDVVLYHQHVVDVSKLORVRSKHUVVD\
SURFHHGHGIURPDQRWKHUVRXUFHLWSURFHHGHGIURPDZLVK
OLNHDVXEPLVVLYHDQGGHYRWHGGDXJKWHU DVOLJKWVPLOHZDV
REVHUYDEOHRQWKHSXUSOHOLSVRIWKH\RXQJJLUO WR
SUDFWLFHREHGLHQFH
:HOO"DVNHG'DQJODUV
:HOOVLUUHSOLHG(XJHQLH,KDYHWULHGWRWKHYHU\ODVW
DQGQRZWKDWWKHPRPHQWKDVFRPH,IHHOLQVSLWHRIDOOP\
HIIRUWVWKDWLWLVLPSRVVLEOH
%XWVDLG'DQJODUVZKRVHZHDNPLQGZDVDWILUVWTXLWH
RYHUZKHOPHGZLWKWKHZHLJKWRIWKLVSLWLOHVVORJLFPDUNLQJ
HYLGHQWSUHPHGLWDWLRQDQGIRUFHRIZLOOZKDWLV\RXU
UHDVRQIRUWKLVUHIXVDO(XJHQLH"ZKDWUHDVRQGR\RX
DVVLJQ"
0\UHDVRQ"UHSOLHGWKH\RXQJJLUO:HOOLWLVQRWWKDW
WKHPDQLVPRUHXJO\PRUHIRROLVKRUPRUHGLVDJUHHDEOH

1182

WKDQDQ\RWKHUQR0$QGUHD&DYDOFDQWLPD\DSSHDUWRWKRVH
ZKRORRNDWPHQ
VIDFHVDQGILJXUHVDVDYHU\JRRGVSHFLPHQ
RIKLVNLQG,WLVQRWHLWKHUWKDWP\KHDUWLVOHVV
WRXFKHGE\KLPWKDQDQ\RWKHUWKDWZRXOGEHDVFKRROJLUO
V
UHDVRQZKLFK,FRQVLGHUTXLWHEHQHDWKPH,DFWXDOO\ORYH
QRRQHVLU\RXNQRZLWGR\RXQRW",GRQRWWKHQVHHZK\
ZLWKRXWUHDOQHFHVVLW\,VKRXOGHQFXPEHUP\OLIHZLWKD
SHUSHWXDOFRPSDQLRQ+DVQRWVRPHVDJHVDLGC1RWKLQJWRR
PXFK
"DQGDQRWKHUC,FDUU\DOOP\HIIHFWVZLWKPH
",KDYH
EHHQWDXJKWWKHVHWZRDSKRULVPVLQ/DWLQDQGLQ*UHHNRQH
LV,EHOLHYHIURP3KDHGUXVDQGWKHRWKHUIURP%LDV:HOO
P\GHDUIDWKHULQWKHVKLSZUHFNRIOLIHIRUOLIHLVDQ
HWHUQDOVKLSZUHFNRIRXUKRSHV,FDVWLQWRWKHVHDP\
XVHOHVVHQFXPEUDQFHWKDWLVDOODQG,UHPDLQZLWKP\RZQ
ZLOOGLVSRVHGWROLYHSHUIHFWO\DORQHDQGFRQVHTXHQWO\
SHUIHFWO\IUHH
8QKDSS\JLUOXQKDSS\JLUOPXUPXUHG'DQJODUVWXUQLQJ
SDOHIRUKHNQHZIURPORQJH[SHULHQFHWKHVROLGLW\RIWKH
REVWDFOHKHKDGVRVXGGHQO\HQFRXQWHUHG
8QKDSS\JLUOUHSOLHG(XJHQLHXQKDSS\JLUOGR\RXVD\
VLU"1RLQGHHGWKHH[FODPDWLRQDSSHDUVTXLWHWKHDWULFDO
DQGDIIHFWHG+DSS\RQWKHFRQWUDU\IRUZKDWDP,LQZDQW
RI7KHZRUOGFDOOVPHEHDXWLIXO,WLVVRPHWKLQJWREHZHOO
UHFHLYHG,OLNHDIDYRUDEOHUHFHSWLRQLWH[SDQGVWKH
FRXQWHQDQFHDQGWKRVHDURXQGPHGRQRWWKHQDSSHDUVRXJO\
,SRVVHVVDVKDUHRIZLWDQGDFHUWDLQUHODWLYH
VHQVLELOLW\ZKLFKHQDEOHVPHWRGUDZIURPOLIHLQJHQHUDO
IRUWKHVXSSRUWRIPLQHDOO,PHHWZLWKWKDWLVJRRGOLNH
WKHPRQNH\ZKRFUDFNVWKHQXWWRJHWDWLWVFRQWHQWV,DP
ULFKIRU\RXKDYHRQHRIWKHILUVWIRUWXQHVLQ)UDQFH,DP
\RXURQO\GDXJKWHUDQG\RXDUHQRWVRH[DFWLQJDVWKH
IDWKHUVRIWKH3RUWH6DLQW0DUWLQDQG*DLHWHZKRGLVLQKHULW
WKHLUGDXJKWHUVIRUQRWJLYLQJWKHPJUDQGFKLOGUHQ%HVLGHV
WKHSURYLGHQWODZKDVGHSULYHG\RXRIWKHSRZHUWR
GLVLQKHULWPHDWOHDVWHQWLUHO\DVLWKDVDOVRRIWKH
SRZHUWRFRPSHOPHWRPDUU\0RQVLHXU7KLVRU0RQVLHXU7KDW
$QGVREHLQJEHDXWLIXOZLWW\VRPHZKDWWDOHQWHGDVWKH
FRPLFRSHUDVVD\DQGULFKDQGWKDWLVKDSSLQHVVVLU
ZK\GR\RXFDOOPHXQKDSS\"
'DQJODUVVHHLQJKLVGDXJKWHUVPLOLQJDQGSURXGHYHQWR
LQVROHQFHFRXOGQRWHQWLUHO\UHSUHVVKLVEUXWDOIHHOLQJV

1183

EXWWKH\EHWUD\HGWKHPVHOYHVRQO\E\DQH[FODPDWLRQ8QGHU
WKHIL[HGDQGLQTXLULQJJD]HOHYHOOHGDWKLPIURPXQGHU
WKRVHEHDXWLIXOEODFNH\HEURZVKHSUXGHQWO\WXUQHGDZD\
DQGFDOPHGKLPVHOILPPHGLDWHO\GDXQWHGE\WKHSRZHURID
UHVROXWHPLQG7UXO\P\GDXJKWHUUHSOLHGKHZLWKD
VPLOH\RXDUHDOO\RXERDVWRIEHLQJH[FHSWLQJRQHWKLQJ
,ZLOOQRWWRRKDVWLO\WHOO\RXZKLFKEXWZRXOGUDWKHU
OHDYH\RXWRJXHVVLW(XJHQLHORRNHGDW'DQJODUVPXFK
VXUSULVHGWKDWRQHIORZHURIKHUFURZQRISULGHZLWKZKLFK
VKHKDGVRVXSHUEO\GHFNHGKHUVHOIVKRXOGEHGLVSXWHG0\
GDXJKWHUFRQWLQXHGWKHEDQNHU\RXKDYHSHUIHFWO\
H[SODLQHGWRPHWKHVHQWLPHQWVZKLFKLQIOXHQFHDJLUOOLNH
\RXZKRLVGHWHUPLQHGVKHZLOOQRWPDUU\QRZLWUHPDLQV
IRUPHWRWHOO\RXWKHPRWLYHVRIDIDWKHUOLNHPHZKRKDV
GHFLGHGWKDWKLVGDXJKWHUVKDOOPDUU\(XJHQLHERZHGQRW
DVDVXEPLVVLYHGDXJKWHUEXWDVDQDGYHUVDU\SUHSDUHGIRUD
GLVFXVVLRQ
0\GDXJKWHUFRQWLQXHG'DQJODUVZKHQDIDWKHUDVNVKLV
GDXJKWHUWRFKRRVHDKXVEDQGKHKDVDOZD\VVRPHUHDVRQIRU
ZLVKLQJKHUWRPDUU\6RPHDUHDIIHFWHGZLWKWKHPDQLDRI
ZKLFK\RXVSRNHMXVWQRZWKDWRIOLYLQJDJDLQLQWKHLU
JUDQGFKLOGUHQ7KLVLVQRWP\ZHDNQHVV,WHOO\RXDWRQFH
IDPLO\MR\VKDYHQRFKDUPIRUPH,PD\DFNQRZOHGJHWKLVWR
DGDXJKWHUZKRP,NQRZWREHSKLORVRSKLFDOHQRXJKWR
XQGHUVWDQGP\LQGLIIHUHQFHDQGQRWWRLPSXWHLWWRPHDVD
FULPH
7KLVLVQRWWRWKHSXUSRVHVDLG(XJHQLHOHWXVVSHDN
FDQGLGO\VLU,DGPLUHFDQGRU
2KVDLG'DQJODUV,FDQZKHQFLUFXPVWDQFHVUHQGHULW
GHVLUDEOHDGRSW\RXUV\VWHPDOWKRXJKLWPD\QRWEHP\
JHQHUDOSUDFWLFH,ZLOOWKHUHIRUHSURFHHG,KDYHSURSRVHG
WR\RXWRPDUU\QRWIRU\RXUVDNHIRULQGHHG,GLGQRW
WKLQNRI\RXLQWKHOHDVWDWWKHPRPHQW \RXDGPLUHFDQGRU
DQGZLOOQRZEHVDWLVILHG,KRSH EXWEHFDXVHLWVXLWHGPH
WRPDUU\\RXDVVRRQDVSRVVLEOHRQDFFRXQWRIFHUWDLQ
FRPPHUFLDOVSHFXODWLRQV,DPGHVLURXVRIHQWHULQJLQWR
(XJHQLHEHFDPHXQHDV\
,WLVMXVWDV,WHOO\RX,DVVXUH\RXDQG\RXPXVWQRWEH
DQJU\ZLWKPHIRU\RXKDYHVRXJKWWKLVGLVFORVXUH,GRQRW
ZLOOLQJO\HQWHULQWRDULWKPHWLFDOH[SODQDWLRQVZLWKDQ

1184

DUWLVWOLNH\RXZKRIHDUVWRHQWHUP\VWXG\OHVWVKHVKRXOG
LPELEHGLVDJUHHDEOHRUDQWLSRHWLFLPSUHVVLRQVDQG
VHQVDWLRQV%XWLQWKDWVDPHEDQNHU
VVWXG\ZKHUH\RXYHU\
ZLOOLQJO\SUHVHQWHG\RXUVHOI\HVWHUGD\WRDVNIRUWKH
WKRXVDQGIUDQFV,JLYH\RXPRQWKO\IRUSRFNHWPRQH\\RX
PXVWNQRZP\GHDU\RXQJODG\WKDWPDQ\WKLQJVPD\EH
OHDUQHGXVHIXOHYHQWRDJLUOZKRZLOOQRWPDUU\7KHUHRQH
PD\OHDUQIRULQVWDQFHZKDWRXWRIUHJDUGWR\RXUQHUYRXV
VXVFHSWLELOLW\,ZLOOLQIRUP\RXRILQWKHGUDZLQJURRP
QDPHO\WKDWWKHFUHGLWRIDEDQNHULVKLVSK\VLFDODQG
PRUDOOLIHWKDWFUHGLWVXVWDLQVKLPDVEUHDWKDQLPDWHVWKH
ERG\DQG0GH0RQWH&ULVWRRQFHJDYHPHDOHFWXUHRQWKDW
VXEMHFWZKLFK,KDYHQHYHUIRUJRWWHQ7KHUHZHPD\OHDUQ
WKDWDVFUHGLWVLQNVWKHERG\EHFRPHVDFRUSVHDQGWKLVLV
ZKDWPXVWKDSSHQYHU\VRRQWRWKHEDQNHUZKRLVSURXGWRRZQ
VRJRRGDORJLFLDQDV\RXIRUKLVGDXJKWHU%XW(XJHQLH
LQVWHDGRIVWRRSLQJGUHZKHUVHOIXSXQGHUWKHEORZ
5XLQHG"VDLGVKH
([DFWO\P\GDXJKWHUWKDWLVSUHFLVHO\ZKDW,PHDQVDLG
'DQJODUVDOPRVWGLJJLQJKLVQDLOVLQWRKLVEUHDVWZKLOHKH
SUHVHUYHGRQKLVKDUVKIHDWXUHVWKHVPLOHRIWKHKHDUWOHVV
WKRXJKFOHYHUPDQUXLQHG\HVWKDWLVLW
$KVDLG(XJHQLH
<HVUXLQHG1RZLWLVUHYHDOHGWKLVVHFUHWVRIXOORI
KRUURUDVWKHWUDJLFSRHWVD\V1RZP\GDXJKWHUOHDUQ
IURPP\OLSVKRZ\RXPD\DOOHYLDWHWKLVPLVIRUWXQHVRIDU
DVLWZLOODIIHFW\RX
2KFULHG(XJHQLH\RXDUHDEDGSK\VLRJQRPLVWLI\RX
LPDJLQH,GHSORUHRQP\RZQDFFRXQWWKHFDWDVWURSKHRIZKLFK
\RXZDUQPH,UXLQHG"DQGZKDWZLOOWKDWVLJQLI\WRPH"
+DYH,QRWP\WDOHQWOHIW"&DQ,QRWOLNH3DVWD0DOLEUDQ
*ULVLDFTXLUHIRUP\VHOIZKDW\RXZRXOGQHYHUKDYHJLYHQ
PHZKDWHYHUPLJKWKDYHEHHQ\RXUIRUWXQHDKXQGUHGRUD
KXQGUHGDQGILIW\WKRXVDQGOLYUHVSHUDQQXPIRUZKLFK,
VKDOOEHLQGHEWHGWRQRRQHEXWP\VHOIDQGZKLFKLQVWHDG
RIEHLQJJLYHQDV\RXJDYHPHWKRVHSRRUWZHOYHWKRXVDQG
IUDQFVZLWKVRXUORRNVDQGUHSURDFKHVIRUP\SURGLJDOLW\
ZLOOEHDFFRPSDQLHGZLWKDFFODPDWLRQVZLWKEUDYRVDQGZLWK
IORZHUV"$QGLI,GRQRWSRVVHVVWKDWWDOHQWZKLFK\RXU
VPLOHVSURYHWRPH\RXGRXEWVKRXOG,QRWVWLOOKDYHWKDW

1185

DUGHQWORYHRILQGHSHQGHQFHZKLFKZLOOEHDVXEVWLWXWHIRU
ZHDOWKDQGZKLFKLQP\PLQGVXSHUVHGHVHYHQWKHLQVWLQFWRI
VHOISUHVHUYDWLRQ"1R,JULHYHQRWRQP\RZQDFFRXQW,
VKDOODOZD\VILQGDUHVRXUFHP\ERRNVP\SHQFLOVP\
SLDQRDOOWKHWKLQJVZKLFKFRVWEXWOLWWOHDQGZKLFK,
VKDOOEHDEOHWRSURFXUHZLOOUHPDLQP\RZQ
'R\RXWKLQNWKDW,VRUURZIRU0DGDPH'DQJODUV"8QGHFHLYH
\RXUVHOIDJDLQHLWKHU,DPJUHDWO\PLVWDNHQRUVKHKDV
SURYLGHGDJDLQVWWKHFDWDVWURSKHZKLFKWKUHDWHQV\RXDQG
ZKLFKZLOOSDVVRYHUZLWKRXWDIIHFWLQJKHU6KHKDVWDNHQ
FDUHIRUKHUVHOIDWOHDVW,KRSHVRIRUKHU
DWWHQWLRQKDVQRWEHHQGLYHUWHGIURPKHUSURMHFWVE\
ZDWFKLQJRYHUPH6KHKDVIRVWHUHGP\LQGHSHQGHQFHE\
SURIHVVHGO\LQGXOJLQJP\ORYHIRUOLEHUW\2KQRVLUIURP
P\FKLOGKRRG,KDYHVHHQWRRPXFKDQGXQGHUVWRRGWRRPXFK
RIZKDWKDVSDVVHGDURXQGPHIRUPLVIRUWXQHWRKDYHDQ
XQGXHSRZHURYHUPH)URPP\HDUOLHVWUHFROOHFWLRQV,KDYH
EHHQEHORYHGE\QRRQHVRPXFKWKHZRUVHWKDWKDV
QDWXUDOO\OHGPHWRORYHQRRQHVRPXFKWKHEHWWHUQRZ
\RXKDYHP\SURIHVVLRQRIIDLWK
7KHQVDLG'DQJODUVSDOHZLWKDQJHUZKLFKZDVQRWDWDOO
GXHWRRIIHQGHGSDWHUQDOORYHWKHQPDGHPRLVHOOH\RX
SHUVLVWLQ\RXUGHWHUPLQDWLRQWRDFFHOHUDWHP\UXLQ"
<RXUUXLQ",DFFHOHUDWH\RXUUXLQ":KDWGR\RXPHDQ",GR
QRWXQGHUVWDQG\RX
6RPXFKWKHEHWWHU,KDYHDUD\RIKRSHOHIWOLVWHQ
,DPDOODWWHQWLRQVDLG(XJHQLHORRNLQJVRHDUQHVWO\DW
KHUIDWKHUWKDWLWZDVDQHIIRUWIRUWKHODWWHUWRHQGXUH
KHUXQUHOHQWLQJJD]H
0&DYDOFDQWLFRQWLQXHG'DQJODUVLVDERXWWRPDUU\\RX
DQGZLOOSODFHLQP\KDQGVKLVIRUWXQHDPRXQWLQJWRWKUHH
PLOOLRQOLYUHV
7KDWLVDGPLUDEOHVDLG(XJHQLHZLWKVRYHUHLJQFRQWHPSW
VPRRWKLQJKHUJORYHVRXWRQHXSRQWKHRWKHU
<RXWKLQN,VKDOOGHSULYH\RXRIWKRVHWKUHHPLOOLRQV
VDLG'DQJODUVEXWGRQRWIHDULW7KH\DUHGHVWLQHGWR

1186

SURGXFHDWOHDVWWHQ,DQGDEURWKHUEDQNHUKDYHREWDLQHGD
JUDQWRIDUDLOZD\WKHRQO\LQGXVWULDOHQWHUSULVHZKLFKLQ
WKHVHGD\VSURPLVHVWRPDNHJRRGWKHIDEXORXVSURVSHFWVWKDW
/DZRQFHKHOGRXWWRWKHHWHUQDOO\GHOXGHG3DULVLDQVLQWKH
IDQWDVWLF0LVVLVVLSSLVFKHPH$V,ORRNDWLWDPLOOLRQWK
SDUWRIDUDLOZD\LVZRUWKIXOO\DVPXFKDVDQDFUHRIZDVWH
ODQGRQWKHEDQNVRIWKH2KLR:HPDNHLQRXUFDVHD
GHSRVLWRQDPRUWJDJHZKLFKLVDQDGYDQFHDV\RXVHH
VLQFHZHJDLQDWOHDVWWHQILIWHHQWZHQW\RUDKXQGUHG
OLYUHV
ZRUWKRILURQLQH[FKDQJHIRURXUPRQH\:HOO
ZLWKLQDZHHN,DPWRGHSRVLWIRXUPLOOLRQVIRUP\VKDUH
WKHIRXUPLOOLRQV,SURPLVH\RXZLOOSURGXFHWHQRU
WZHOYH
%XWGXULQJP\YLVLWWR\RXWKHGD\EHIRUH\HVWHUGD\VLU
ZKLFK\RXDSSHDUWRUHFROOHFWVRZHOOUHSOLHG(XJHQLH,
VDZ\RXDUUDQJLQJDGHSRVLWLVQRWWKDWWKHWHUP"RI
ILYHPLOOLRQVDQGDKDOI\RXHYHQSRLQWHGLWRXWWRPHLQ
WZRGUDIWVRQWKHWUHDVXU\DQG\RXZHUHDVWRQLVKHGWKDWVR
YDOXDEOHDSDSHUGLGQRWGD]]OHP\H\HVOLNHOLJKWQLQJ
<HVEXWWKRVHILYHPLOOLRQVDQGDKDOIDUHQRWPLQHDQG
DUHRQO\DSURRIRIWKHJUHDWFRQILGHQFHSODFHGLQPHP\
WLWOHRISRSXODUEDQNHUKDVJDLQHGPHWKHFRQILGHQFHRI
FKDULWDEOHLQVWLWXWLRQVDQGWKHILYHPLOOLRQVDQGDKDOI
EHORQJWRWKHPDWDQ\RWKHUWLPH,VKRXOGQRWKDYH
KHVLWDWHGWRPDNHXVHRIWKHPEXWWKHJUHDWORVVHV,KDYH
UHFHQWO\VXVWDLQHGDUHZHOONQRZQDQGDV,WROG\RXP\
FUHGLWLVUDWKHUVKDNHQ7KDWGHSRVLWPD\EHDWDQ\PRPHQW
ZLWKGUDZQDQGLI,KDGHPSOR\HGLWIRUDQRWKHUSXUSRVH,
VKRXOGEULQJRQPHDGLVJUDFHIXOEDQNUXSWF\,GRQRW
GHVSLVHEDQNUXSWFLHVEHOLHYHPHEXWWKH\PXVWEHWKRVH
ZKLFKHQULFKQRWWKRVHZKLFKUXLQ1RZLI\RXPDUU\0
&DYDOFDQWLDQG,JHWWKHWKUHHPLOOLRQVRUHYHQLILWLV
WKRXJKW,DPJRLQJWRJHWWKHPP\FUHGLWZLOOEHUHVWRUHG
DQGP\IRUWXQHZKLFKIRUWKHODVWPRQWKRUWZRKDVEHHQ
VZDOORZHGXSLQJXOIVZKLFKKDYHEHHQRSHQHGLQP\SDWKE\
DQLQFRQFHLYDEOHIDWDOLW\ZLOOUHYLYH'R\RXXQGHUVWDQG
PH"
3HUIHFWO\\RXSOHGJHPHIRUWKUHHPLOOLRQVGR\RXQRW"
7KHJUHDWHUWKHDPRXQWWKHPRUHIODWWHULQJLWLVWR\RX
LWJLYHV\RXDQLGHDRI\RXUYDOXH

1187

7KDQN\RX2QHZRUGPRUHVLUGR\RXSURPLVHPHWRPDNH
ZKDWXVH\RXFDQRIWKHUHSRUWRIWKHIRUWXQH0&DYDOFDQWL
ZLOOEULQJZLWKRXWWRXFKLQJWKHPRQH\"7KLVLVQRDFWRI
VHOILVKQHVVEXWRIGHOLFDF\,DPZLOOLQJWRKHOSUHEXLOG
\RXUIRUWXQHEXW,ZLOOQRWEHDQDFFRPSOLFHLQWKHUXLQRI
RWKHUV
%XWVLQFH,WHOO\RXFULHG'DQJODUVWKDWZLWKWKHVH
WKUHHPLOOLRQ
'R\RXH[SHFWWRUHFRYHU\RXUSRVLWLRQVLUZLWKRXW
WRXFKLQJWKRVHWKUHHPLOOLRQ"
,KRSHVRLIWKHPDUULDJHVKRXOGWDNHSODFHDQGFRQILUPP\
FUHGLW
6KDOO\RXEHDEOHWRSD\0&DYDOFDQWLWKHILYHKXQGUHG
WKRXVDQGIUDQFV\RXSURPLVHIRUP\GRZU\"
+HVKDOOUHFHLYHWKHQRQUHWXUQLQJIURPWKHPD\RU
V
7KHSHUIRUPDQFHRIWKHFLYLOPDUULDJH
9HU\ZHOO
:KDWQH[W"ZKDWPRUHGR\RXZDQW"
,ZLVKWRNQRZLILQGHPDQGLQJP\VLJQDWXUH\RXOHDYHPH
HQWLUHO\IUHHLQP\SHUVRQ"
$EVROXWHO\
7KHQDV,VDLGEHIRUHVLUYHU\ZHOO,DPUHDG\WR
PDUU\0&DYDOFDQWL
%XWZKDWDUH\RXXSWR"
$KWKDWLVP\DIIDLU:KDWDGYDQWDJHVKRXOG,KDYHRYHU
\RXLINQRZLQJ\RXUVHFUHW,ZHUHWRWHOO\RXPLQH"
'DQJODUVELWKLVOLSV7KHQVDLGKH\RXDUHUHDG\WR
SD\WKHRIILFLDOYLVLWVZKLFKDUHDEVROXWHO\
LQGLVSHQVDEOH"

1188

<HVUHSOLHG(XJHQLH
$QGWRVLJQWKHFRQWUDFWLQWKUHHGD\V"
<HV
7KHQLQP\WXUQ,DOVRVD\YHU\ZHOO'DQJODUVSUHVVHG
KLVGDXJKWHU
VKDQGLQKLV%XWH[WUDRUGLQDU\WRUHODWH
WKHIDWKHUGLGQRWVD\7KDQN\RXP\FKLOGQRUGLGWKH
GDXJKWHUVPLOHDWKHUIDWKHU,VWKHFRQIHUHQFHHQGHG"
DVNHG(XJHQLHULVLQJ'DQJODUVPRWLRQHGWKDWKHKDGQRWKLQJ
PRUHWRVD\)LYHPLQXWHVDIWHUZDUGVWKHSLDQRUHVRXQGHGWR
WKHWRXFKRI0DGHPRLVHOOHG
$UPLOO\
VILQJHUVDQG
0DGHPRLVHOOH'DQJODUVZDVVLQJLQJ%UDEDQWLR
VPDOHGLFWLRQRQ
'HVGHPRQD$WWKHHQGRIWKHSLHFH(WLHQQHHQWHUHGDQG
DQQRXQFHGWR(XJHQLHWKDWWKHKRUVHVZHUHLQWKHFDUULDJH
DQGWKDWWKHEDURQHVVZDVZDLWLQJIRUKHUWRSD\KHUYLVLWV
:HKDYHVHHQWKHPDW9LOOHIRUW
VWKH\SURFHHGHGWKHQRQ
WKHLUFRXUVH

&KDSWHU
7KH&RQWUDFW
7KUHHGD\VDIWHUWKHVFHQHZHKDYHMXVWGHVFULEHGQDPHO\
WRZDUGVILYHR
FORFNLQWKHDIWHUQRRQRIWKHGD\IL[HGIRU
WKHVLJQDWXUHRIWKHFRQWUDFWEHWZHHQ0DGHPRLVHOOH(XJHQLH
'DQJODUVDQG$QGUHD&DYDOFDQWLZKRPWKHEDQNHUSHUVLVWHG
LQFDOOLQJSULQFHDIUHVKEUHH]HZDVVWLUULQJWKHOHDYHV
LQWKHOLWWOHJDUGHQLQIURQWRIWKH&RXQWRI0RQWH&ULVWR
V
KRXVHDQGWKHFRXQWZDVSUHSDULQJWRJRRXW:KLOHKLV
KRUVHVZHUHLPSDWLHQWO\SDZLQJWKHJURXQGKHOGLQE\WKH
FRDFKPDQZKRKDGEHHQVHDWHGDTXDUWHURIDQKRXURQKLV
ER[WKHHOHJDQWSKDHWRQZLWKZKLFKZHDUHIDPLOLDU
UDSLGO\WXUQHGWKHDQJOHRIWKHHQWUDQFHJDWHDQGFDVWRXW
RQWKHGRRUVWHSV0$QGUHD&DYDOFDQWLDVGHFNHGXSDQGJD\
DVLIKHZHUHJRLQJWRPDUU\DSULQFHVV+HLQTXLUHGDIWHU
WKHFRXQWZLWKKLVXVXDOIDPLOLDULW\DQGDVFHQGLQJOLJKWO\
WRWKHVHFRQGVWRU\PHWKLPDWWKHWRSRIWKHVWDLUV7KH
FRXQWVWRSSHGRQVHHLQJWKH\RXQJPDQ$VIRU$QGUHDKHZDV
ODXQFKHGDQGZKHQKHZDVRQFHODXQFKHGQRWKLQJVWRSSHGKLP
$KJRRGPRUQLQJP\GHDUFRXQWVDLGKH$K0$QGUHD
VDLGWKHODWWHUZLWKKLVKDOIMHVWLQJWRQHKRZGR\RX

1189

GR
&KDUPLQJO\DV\RXVHH,DPFRPHWRWDONWR\RXDERXWD
WKRXVDQGWKLQJVEXWILUVWWHOOPHZHUH\RXJRLQJRXWRU
MXVWUHWXUQHG"
,ZDVJRLQJRXWVLU
7KHQLQRUGHUQRWWRKLQGHU\RX,ZLOOJHWXSZLWK\RXLI
\RXSOHDVHLQ\RXUFDUULDJHDQG7RPVKDOOIROORZZLWKP\
SKDHWRQLQWRZ
1RVDLGWKHFRXQWZLWKDQLPSHUFHSWLEOHVPLOHRI
FRQWHPSWIRUKHKDGQRZLVKWREHVHHQLQWKH\RXQJPDQ
V
VRFLHW\QR,SUHIHUOLVWHQLQJWR\RXKHUHP\GHDU0
$QGUHDZHFDQFKDWEHWWHULQGRRUVDQGWKHUHLVQR
FRDFKPDQWRRYHUKHDURXUFRQYHUVDWLRQ7KHFRXQWUHWXUQHG
WRDVPDOOGUDZLQJURRPRQWKHILUVWIORRUVDWGRZQDQG
FURVVLQJKLVOHJVPRWLRQHGWRWKH\RXQJPDQWRWDNHDVHDW
DOVR$QGUHDDVVXPHGKLVJD\HVWPDQQHU<RXNQRZP\GHDU
FRXQWVDLGKHWKHFHUHPRQ\LVWRWDNHSODFHWKLV
HYHQLQJ$WQLQHR
FORFNWKHFRQWUDFWLVWREHVLJQHGDWP\
IDWKHULQODZ
V
$KLQGHHG"VDLG0RQWH&ULVWR
:KDWLVLWQHZVWR\RX"+DVQRW0'DQJODUVLQIRUPHG\RX
RIWKHFHUHPRQ\"
2K\HVVDLGWKHFRXQW,UHFHLYHGDOHWWHUIURPKLP
\HVWHUGD\EXW,GRQRWWKLQNWKHKRXUZDVPHQWLRQHG
3RVVLEO\P\IDWKHULQODZWUXVWHGWRLWVJHQHUDO
QRWRULHW\
:HOOVDLG0RQWH&ULVWR\RXDUHIRUWXQDWH0
&DYDOFDQWLLWLVDPRVWVXLWDEOHDOOLDQFH\RXDUH
FRQWUDFWLQJDQG0DGHPRLVHOOH'DQJODUVLVDKDQGVRPHJLUO
<HVLQGHHGVKHLVUHSOLHG&DYDOFDQWLLQDYHU\PRGHVW
WRQH
$ERYHDOOVKHLVYHU\ULFKDWOHDVW,EHOLHYHVR
VDLG0RQWH&ULVWR

1190

9HU\ULFKGR\RXWKLQN"UHSOLHGWKH\RXQJPDQ
'RXEWOHVVLWLVVDLG0'DQJODUVFRQFHDOVDWOHDVWKDOIRI
KLVIRUWXQH
$QGKHDFNQRZOHGJHVILIWHHQRUWZHQW\PLOOLRQVVDLG
$QGUHDZLWKDORRNVSDUNOLQJZLWKMR\
:LWKRXWUHFNRQLQJDGGHG0RQWH&ULVWRWKDWKHLVRQWKH
HYHRIHQWHULQJLQWRDVRUWRIVSHFXODWLRQDOUHDG\LQYRJXH
LQWKH8QLWHG6WDWHVDQGLQ(QJODQGEXWTXLWHQRYHOLQ
)UDQFH
<HV\HV,NQRZZKDW\RXPHDQWKHUDLOZD\RIZKLFKKH
KDVREWDLQHGWKHJUDQWLVLWQRW"
3UHFLVHO\LWLVJHQHUDOO\EHOLHYHGKHZLOOJDLQWHQ
PLOOLRQVE\WKDWDIIDLU
7HQPLOOLRQV'R\RXWKLQNVR",WLVPDJQLILFHQWVDLG
&DYDOFDQWLZKRZDVTXLWHFRQIRXQGHGDWWKHPHWDOOLFVRXQG
RIWKHVHJROGHQZRUGV:LWKRXWUHFNRQLQJUHSOLHG0RQWH
&ULVWRWKDWDOOKLVIRUWXQHZLOOFRPHWR\RXDQGMXVWO\
WRRVLQFH0DGHPRLVHOOH'DQJODUVLVDQRQO\GDXJKWHU
%HVLGHV\RXURZQIRUWXQHDV\RXUIDWKHUDVVXUHGPHLV
DOPRVWHTXDOWRWKDWRI\RXUEHWURWKHG%XWHQRXJKRIPRQH\
PDWWHUV'R\RXNQRZ0$QGUHD,WKLQN\RXKDYHPDQDJHG
WKLVDIIDLUUDWKHUVNLOIXOO\"
1RWEDGO\E\DQ\PHDQVVDLGWKH\RXQJPDQ,ZDVERUQ
IRUDGLSORPDWLVW
:HOO\RXPXVWEHFRPHDGLSORPDWLVWGLSORPDF\\RXNQRZ
LVVRPHWKLQJWKDWLVQRWWREHDFTXLUHGLWLVLQVWLQFWLYH
+DYH\RXORVW\RXUKHDUW"
,QGHHG,IHDULWUHSOLHG$QGUHDLQWKHWRQHLQZKLFKKH
KDGKHDUG'RUDQWHRU9DOHUHUHSO\WR$OFHVWH DWWKH7KHDWUH
)UDQFDLV
,V\RXUORYHUHWXUQHG"
,Q0ROLHUH
VFRPHG\/H0LVDQWKURSH

1191

,VXSSRVHVRVDLG$QGUHDZLWKDWULXPSKDQWVPLOHVLQFH
,DPDFFHSWHG%XW,PXVWQRWIRUJHWRQHJUDQGSRLQW
:KLFK"
7KDW,KDYHEHHQVLQJXODUO\DVVLVWHG
1RQVHQVH
,KDYHLQGHHG
%\FLUFXPVWDQFHV"
1RE\\RX
%\PH"1RWDWDOOSULQFHVDLG0RQWH&ULVWROD\LQJD
PDUNHGVWUHVVRQWKHWLWOHZKDWKDYH,GRQHIRU\RX"$UH
QRW\RXUQDPH\RXUVRFLDOSRVLWLRQDQG\RXUPHULW
VXIILFLHQW"
1RVDLG$QGUHDQRLWLVXVHOHVVIRU\RXWRVD\VR
FRXQW,PDLQWDLQWKDWWKHSRVLWLRQRIDPDQOLNH\RXKDV
GRQHPRUHWKDQP\QDPHP\VRFLDOSRVLWLRQDQGP\PHULW
<RXDUHFRPSOHWHO\PLVWDNHQVLUVDLG0RQWH&ULVWR
FROGO\ZKRIHOWWKHSHUILGLRXVPDQRHXYUHRIWKH\RXQJPDQ
DQGXQGHUVWRRGWKHEHDULQJRIKLVZRUGV\RXRQO\DFTXLUHG
P\SURWHFWLRQDIWHUWKHLQIOXHQFHDQGIRUWXQHRI\RXUIDWKHU
KDGEHHQDVFHUWDLQHGIRUDIWHUDOOZKRSURFXUHGIRUPH
ZKRKDGQHYHUVHHQHLWKHU\RXRU\RXULOOXVWULRXVIDWKHU
WKHSOHDVXUHRI\RXUDFTXDLQWDQFH"WZRRIP\JRRG
IULHQGV/RUG:LOPRUHDQGWKH$EEH%XVRQL:KDWHQFRXUDJHG
PHQRWWREHFRPH\RXUVXUHW\EXWWRSDWURQL]H\RX"\RXU
IDWKHU
VQDPHVRZHOONQRZQLQ,WDO\DQGVRKLJKO\KRQRUHG
3HUVRQDOO\,GRQRWNQRZ\RX7KLVFDOPWRQHDQGSHUIHFW
HDVHPDGH$QGUHDIHHOWKDWKHZDVIRUWKHPRPHQW
UHVWUDLQHGE\DPRUHPXVFXODUKDQGWKDQKLVRZQDQGWKDW
WKHUHVWUDLQWFRXOGQRWEHHDVLO\EURNHQWKURXJK
2KWKHQP\IDWKHUKDVUHDOO\DYHU\ODUJHIRUWXQHFRXQW"
,WDSSHDUVVRVLUUHSOLHG0RQWH&ULVWR

1192

'R\RXNQRZLIWKHPDUULDJHVHWWOHPHQWKHSURPLVHGPHKDV
FRPH"
,KDYHEHHQDGYLVHGRILW
%XWWKHWKUHHPLOOLRQV"
7KHWKUHHPLOOLRQVDUHSUREDEO\RQWKHURDG
7KHQ,VKDOOUHDOO\KDYHWKHP"
2KZHOOVDLGWKHFRXQW,GRQRWWKLQN\RXKDYH\HW
NQRZQWKHZDQWRIPRQH\$QGUHDZDVVRVXUSULVHGWKDWKH
SRQGHUHGWKHPDWWHUIRUDPRPHQW7KHQDURXVLQJIURPKLV
UHYHU\1RZVLU,KDYHRQHUHTXHVWWRPDNHWR\RX
ZKLFK\RXZLOOXQGHUVWDQGHYHQLILWVKRXOGEHGLVDJUHHDEOH
WR\RX
3URFHHGVDLG0RQWH&ULVWR
,KDYHIRUPHGDQDFTXDLQWDQFHWKDQNVWRP\JRRGIRUWXQH
ZLWKPDQ\QRWHGSHUVRQVDQGKDYHDWOHDVWIRUWKHPRPHQW
DFURZGRIIULHQGV%XWPDUU\LQJDV,DPDERXWWRGR
EHIRUHDOO3DULV,RXJKWWREHVXSSRUWHGE\DQLOOXVWULRXV
QDPHDQGLQWKHDEVHQFHRIWKHSDWHUQDOKDQGVRPHSRZHUIXO
RQHRXJKWWROHDGPHWRWKHDOWDUQRZP\IDWKHULVQRW
FRPLQJWR3DULVLVKH"+HLVROGFRYHUHGZLWKZRXQGVDQG
VXIIHUVGUHDGIXOO\KHVD\VLQWUDYHOOLQJ
,QGHHG"
:HOO,DPFRPHWRDVNDIDYRURI\RX
2IPH"
<HVRI\RX
$QGSUD\ZKDWPD\LWEH"
:HOOWRWDNHKLVSDUW
$KP\GHDUVLU:KDW"DIWHUWKHYDULHGUHODWLRQV,KDYH
KDGWKHKDSSLQHVVWRVXVWDLQWRZDUGV\RXFDQLWEHWKDW\RX
NQRZPHVROLWWOHDVWRDVNVXFKDWKLQJ"$VNPHWROHQG\RX

1193

KDOIDPLOOLRQDQGDOWKRXJKVXFKDORDQLVVRPHZKDWUDUH
RQP\KRQRU\RXZRXOGDQQR\PHOHVV.QRZWKHQZKDW,
WKRXJKW,KDGDOUHDG\WROG\RXWKDWLQSDUWLFLSDWLRQLQ
WKLVZRUOG
VDIIDLUVPRUHHVSHFLDOO\LQWKHLUPRUDO
DVSHFWVWKH&RXQWRI0RQWH&ULVWRKDVQHYHUFHDVHGWR
HQWHUWDLQWKHVFUXSOHVDQGHYHQWKHVXSHUVWLWLRQVRIWKH
(DVW,ZKRKDYHDVHUDJOLRDW&DLURRQHDW6P\UQDDQG
RQHDW&RQVWDQWLQRSOHSUHVLGHDWDZHGGLQJ"QHYHU
7KHQ\RXUHIXVHPH"
'HFLGHGO\DQGZHUH\RXP\VRQRUP\EURWKHU,ZRXOGUHIXVH
\RXLQWKHVDPHZD\
%XWZKDWPXVWEHGRQH"VDLG$QGUHDGLVDSSRLQWHG
<RXVDLGMXVWQRZWKDW\RXKDGDKXQGUHGIULHQGV
9HU\WUXHEXW\RXLQWURGXFHGPHDW0'DQJODUV

1RWDWDOO/HWXVUHFDOOWKHH[DFWIDFWV<RXPHWKLPDWD
GLQQHUSDUW\DWP\KRXVHDQG\RXLQWURGXFHG\RXUVHOIDWKLV
KRXVHWKDWLVDWRWDOO\GLIIHUHQWDIIDLU
<HVEXWE\P\PDUULDJH\RXKDYHIRUZDUGHGWKDW
,"QRWLQWKHOHDVW,EHJ\RXWREHOLHYH5HFROOHFW
ZKDW,WROG\RXZKHQ\RXDVNHGPHWRSURSRVH\RXC2K,
QHYHUPDNHPDWFKHVP\GHDUSULQFHLWLVP\VHWWOHG
SULQFLSOH
$QGUHDELWKLVOLSV
%XWDWOHDVW\RXZLOOEHWKHUH"
:LOODOO3DULVEHWKHUH"
2KFHUWDLQO\
:HOOOLNHDOO3DULV,VKDOOEHWKHUHWRRVDLGWKH
FRXQW
$QGZLOO\RXVLJQWKHFRQWUDFW"
,VHHQRREMHFWLRQWRWKDWP\VFUXSOHVGRQRWJRWKXV
IDU

1194

:HOOVLQFH\RXZLOOJUDQWPHQRPRUH,PXVWEHFRQWHQW
ZLWKZKDW\RXJLYHPH%XWRQHZRUGPRUHFRXQW
:KDWLVLW"
$GYLFH
%HFDUHIXODGYLFHLVZRUVHWKDQDVHUYLFH
2K\RXFDQJLYHPHWKLVZLWKRXWFRPSURPLVLQJ\RXUVHOI
7HOOPHZKDWLWLV
,VP\ZLIH
VIRUWXQHILYHKXQGUHGWKRXVDQGOLYUHV"
7KDWLVWKHVXP0'DQJODUVKLPVHOIDQQRXQFHG
0XVW,UHFHLYHLWRUOHDYHLWLQWKHKDQGVRIWKHQRWDU\"
7KLVLVWKHZD\VXFKDIIDLUVDUHJHQHUDOO\DUUDQJHGZKHQLW
LVZLVKHGWRGRWKHPVW\OLVKO\<RXUWZRVROLFLWRUVDSSRLQW
DPHHWLQJZKHQWKHFRQWUDFWLVVLJQHGIRUWKHQH[WRUWKH
IROORZLQJGD\WKHQWKH\H[FKDQJHWKHWZRSRUWLRQVIRU
ZKLFKWKH\HDFKJLYHDUHFHLSWWKHQZKHQWKHPDUULDJHLV
FHOHEUDWHGWKH\SODFHWKHDPRXQWDW\RXUGLVSRVDODVWKH
FKLHIPHPEHURIWKHDOOLDQFH
%HFDXVHVDLG$QGUHDZLWKDFHUWDLQLOOFRQFHDOHG
XQHDVLQHVV,WKRXJKW,KHDUGP\IDWKHULQODZVD\WKDWKH
LQWHQGHGHPEDUNLQJRXUSURSHUW\LQWKDWIDPRXVUDLOZD\
DIIDLURIZKLFK\RXVSRNHMXVWQRZ
:HOOUHSOLHG0RQWH&ULVWRLWZLOOEHWKHZD\HYHU\ERG\
VD\VRIWUHEOLQJ\RXUIRUWXQHLQWZHOYHPRQWKV%DURQ
'DQJODUVLVDJRRGIDWKHUDQGNQRZVKRZWRFDOFXODWH
,QWKDWFDVHVDLG$QGUHDHYHU\WKLQJLVDOOULJKW
H[FHSWLQJ\RXUUHIXVDOZKLFKTXLWHJULHYHVPH
<RXPXVWDWWULEXWHLWRQO\WRQDWXUDOVFUXSOHVXQGHU
VLPLODUFLUFXPVWDQFHV
:HOOVDLG$QGUHDOHWLWEHDV\RXZLVK7KLVHYHQLQJ

1195

WKHQDWQLQHR
FORFN
$GLHXWLOOWKHQ1RWZLWKVWDQGLQJDVOLJKWUHVLVWDQFHRQ
WKHSDUWRI0RQWH&ULVWRZKRVHOLSVWXUQHGSDOHEXWZKR
SUHVHUYHGKLVFHUHPRQLRXVVPLOH$QGUHDVHL]HGWKHFRXQW
V
KDQGSUHVVHGLWMXPSHGLQWRKLVSKDHWRQDQGGLVDSSHDUHG
7KHIRXURUILYHUHPDLQLQJKRXUVEHIRUHQLQHR
FORFN
DUULYHG$QGUHDHPSOR\HGLQULGLQJSD\LQJYLVLWV
GHVLJQHGWRLQGXFHWKRVHRIZKRPKHKDGVSRNHQWRDSSHDUDW
WKHEDQNHU
VLQWKHLUJD\HVWHTXLSDJHVGD]]OLQJWKHPE\
SURPLVHVRIVKDUHVLQVFKHPHVZKLFKKDYHVLQFHWXUQHGHYHU\
EUDLQDQGLQZKLFK'DQJODUVZDVMXVWWDNLQJWKHLQLWLDWLYH
,QIDFWDWKDOISDVWHLJKWLQWKHHYHQLQJWKHJUDQGVDORQ
WKHJDOOHU\DGMRLQLQJDQGWKHWKUHHRWKHUGUDZLQJURRPVRQ
WKHVDPHIORRUZHUHILOOHGZLWKDSHUIXPHGFURZGZKR
V\PSDWKL]HGEXWOLWWOHLQWKHHYHQWEXWZKRDOO
SDUWLFLSDWHGLQWKDWORYHRIEHLQJSUHVHQWZKHUHYHUWKHUHLV
DQ\WKLQJIUHVKWREHVHHQ$Q$FDGHPLFLDQZRXOGVD\WKDWWKH
HQWHUWDLQPHQWVRIWKHIDVKLRQDEOHZRUOGDUHFROOHFWLRQVRI
IORZHUVZKLFKDWWUDFWLQFRQVWDQWEXWWHUIOLHVIDPLVKHGEHHV
DQGEX]]LQJGURQHV
1RRQHFRXOGGHQ\WKDWWKHURRPVZHUHVSOHQGLGO\
LOOXPLQDWHGWKHOLJKWVWUHDPHGIRUWKRQWKHJLOWPRXOGLQJV
DQGWKHVLONKDQJLQJVDQGDOOWKHEDGWDVWHRIGHFRUDWLRQV
ZKLFKKDGRQO\WKHLUULFKQHVVWRERDVWRIVKRQHLQLWV
VSOHQGRU0DGHPRLVHOOH(XJHQLHZDVGUHVVHGZLWKHOHJDQW
VLPSOLFLW\LQDILJXUHGZKLWHVLONGUHVVDQGDZKLWHURVH
KDOIFRQFHDOHGLQKHUMHWEODFNKDLUZDVKHURQO\RUQDPHQW
XQDFFRPSDQLHGE\DVLQJOHMHZHO+HUH\HVKRZHYHUEHWUD\HG
WKDWSHUIHFWFRQILGHQFHZKLFKFRQWUDGLFWHGWKHJLUOLVK
VLPSOLFLW\RIWKLVPRGHVWDWWLUH0DGDPH'DQJODUVZDV
FKDWWLQJDWDVKRUWGLVWDQFHZLWK'HEUD\%HDXFKDPSDQG
&KDWHDX5HQDXG
'HEUD\ZDVDGPLWWHGWRWKHKRXVHIRUWKLVJUDQGFHUHPRQ\
EXWRQWKHVDPHSODQHZLWKHYHU\RQHHOVHDQGZLWKRXWDQ\
SDUWLFXODUSULYLOHJH0'DQJODUVVXUURXQGHGE\GHSXWLHV
DQGPHQFRQQHFWHGZLWKWKHUHYHQXHZDVH[SODLQLQJDQHZ
WKHRU\RIWD[DWLRQZKLFKKHLQWHQGHGWRDGRSWZKHQWKH
FRXUVHRIHYHQWVKDGFRPSHOOHGWKHJRYHUQPHQWWRFDOOKLP
LQWRWKHPLQLVWU\$QGUHDRQZKRVHDUPKXQJRQHRIWKHPRVW
FRQVXPPDWHGDQGLHVRIWKHRSHUDZDVH[SODLQLQJWRKLP

1196

UDWKHUFOHYHUO\VLQFHKHZDVREOLJHGWREHEROGWRDSSHDU
DWHDVHKLVIXWXUHSURMHFWVDQGWKHQHZOX[XULHVKHPHDQW
WRLQWURGXFHWR3DULVLDQIDVKLRQVZLWKKLVKXQGUHGDQG
VHYHQW\ILYHWKRXVDQGOLYUHVSHUDQQXP
7KHFURZGPRYHGWRDQGIURLQWKHURRPVOLNHDQHEEDQGIORZ
RIWXUTXRLVHVUXELHVHPHUDOGVRSDOVDQGGLDPRQGV$V
XVXDOWKHROGHVWZRPHQZHUHWKHPRVWGHFRUDWHGDQGWKH
XJOLHVWWKHPRVWFRQVSLFXRXV,IWKHUHZDVDEHDXWLIXOOLO\
RUDVZHHWURVH\RXKDGWRVHDUFKIRULWFRQFHDOHGLQVRPH
FRUQHUEHKLQGDPRWKHUZLWKDWXUEDQRUDQDXQWZLWKDELUG
RISDUDGLVH
$WHDFKPRPHQWLQWKHPLGVWRIWKHFURZGWKHEX]]LQJDQG
WKHODXJKWHUWKHGRRUNHHSHU
VYRLFHZDVKHDUGDQQRXQFLQJ
VRPHQDPHZHOONQRZQLQWKHILQDQFLDOGHSDUWPHQWUHVSHFWHG
LQWKHDUP\RULOOXVWULRXVLQWKHOLWHUDU\ZRUOGDQGZKLFK
ZDVDFNQRZOHGJHGE\DVOLJKWPRYHPHQWLQWKHGLIIHUHQW
JURXSV%XWIRURQHZKRVHSULYLOHJHLWZDVWRDJLWDWHWKDW
RFHDQRIKXPDQZDYHVKRZPDQ\ZHUHUHFHLYHGZLWKDORRNRI
LQGLIIHUHQFHRUDVQHHURIGLVGDLQ$WWKHPRPHQWZKHQWKH
KDQGRIWKHPDVVLYHWLPHSLHFHUHSUHVHQWLQJ(QG\PLRQ
DVOHHSSRLQWHGWRQLQHRQLWVJROGHQIDFHDQGWKHKDPPHU
WKHIDLWKIXOW\SHRIPHFKDQLFDOWKRXJKWVWUXFNQLQHWLPHV
WKHQDPHRIWKH&RXQWRI0RQWH&ULVWRUHVRXQGHGLQLWVWXUQ
DQGDVLIE\DQHOHFWULFVKRFNDOOWKHDVVHPEO\WXUQHG
WRZDUGVWKHGRRU
7KHFRXQWZDVGUHVVHGLQEODFNDQGZLWKKLVKDELWXDO
VLPSOLFLW\KLVZKLWHZDLVWFRDWGLVSOD\HGKLVH[SDQVLYH
QREOHFKHVWDQGKLVEODFNVWRFNZDVVLQJXODUO\QRWLFHDEOH
EHFDXVHRILWVFRQWUDVWZLWKWKHGHDGO\SDOHQHVVRIKLV
IDFH+LVRQO\MHZHOOHU\ZDVDFKDLQVRILQHWKDWWKH
VOHQGHUJROGWKUHDGZDVVFDUFHO\SHUFHSWLEOHRQKLVZKLWH
ZDLVWFRDW$FLUFOHZDVLPPHGLDWHO\IRUPHGDURXQGWKHGRRU
7KHFRXQWSHUFHLYHGDWRQHJODQFH0DGDPH'DQJODUVDWRQHHQG
RIWKHGUDZLQJURRP0'DQJODUVDWWKHRWKHUDQG(XJHQLH
LQIURQWRIKLP+HILUVWDGYDQFHGWRZDUGVWKHEDURQHVVZKR
ZDVFKDWWLQJZLWK0DGDPHGH9LOOHIRUWZKRKDGFRPHDORQH
9DOHQWLQHEHLQJVWLOODQLQYDOLGDQGZLWKRXWWXUQLQJDVLGH
VRFOHDUZDVWKHURDGOHIWIRUKLPKHSDVVHGIURPWKH
EDURQHVVWR(XJHQLHZKRPKHFRPSOLPHQWHGLQVXFKUDSLGDQG
PHDVXUHGWHUPVWKDWWKHSURXGDUWLVWZDVTXLWHVWUXFN1HDU
KHUZDV0DGHPRLVHOOH/RXLVHG
$UPLOO\ZKRWKDQNHGWKHFRXQW

1197

IRUWKHOHWWHUVRILQWURGXFWLRQKHKDGVRNLQGO\JLYHQKHU
IRU,WDO\ZKLFKVKHLQWHQGHGLPPHGLDWHO\WRPDNHXVHRI2Q
OHDYLQJWKHVHODGLHVKHIRXQGKLPVHOIZLWK'DQJODUVZKRKDG
DGYDQFHGWRPHHWKLP
+DYLQJDFFRPSOLVKHGWKHVHWKUHHVRFLDOGXWLHV0RQWH&ULVWR
VWRSSHGORRNLQJDURXQGKLPZLWKWKDWH[SUHVVLRQSHFXOLDUWR
DFHUWDLQFODVVZKLFKVHHPVWRVD\,KDYHGRQHP\GXW\
QRZOHWRWKHUVGRWKHLUV$QGUHDZKRZDVLQDQDGMRLQLQJ
URRPKDGVKDUHGLQWKHVHQVDWLRQFDXVHGE\WKHDUULYDORI
0RQWH&ULVWRDQGQRZFDPHIRUZDUGWRSD\KLVUHVSHFWVWR
WKHFRXQW+HIRXQGKLPFRPSOHWHO\VXUURXQGHGDOOZHUH
HDJHUWRVSHDNWRKLPDVLVDOZD\VWKHFDVHZLWKWKRVH
ZKRVHZRUGVDUHIHZDQGZHLJKW\7KHVROLFLWRUVDUULYHGDW
WKLVPRPHQWDQGDUUDQJHGWKHLUVFUDZOHGSDSHUVRQWKHYHOYHW
FORWKHPEURLGHUHGZLWKJROGZKLFKFRYHUHGWKHWDEOHSUHSDUHG
IRUWKHVLJQDWXUHLWZDVDJLOWWDEOHVXSSRUWHGRQOLRQV

FODZV2QHRIWKHQRWDULHVVDWGRZQWKHRWKHUUHPDLQHG
VWDQGLQJ7KH\ZHUHDERXWWRSURFHHGWRWKHUHDGLQJRIWKH
FRQWUDFWZKLFKKDOI3DULVDVVHPEOHGZDVWRVLJQ$OOWRRN
WKHLUSODFHVRUUDWKHUWKHODGLHVIRUPHGDFLUFOHZKLOH
WKHJHQWOHPHQ PRUHLQGLIIHUHQWWRWKHUHVWUDLQWVRIZKDW
%RLOHDXFDOOVWKHHQHUJHWLFVW\OH FRPPHQWHGRQWKH
IHYHULVKDJLWDWLRQRI$QGUHDRQ0'DQJODUV
ULYHWHG
DWWHQWLRQ(XJHQLH
VFRPSRVXUHDQGWKHOLJKWDQGVSULJKWO\
PDQQHULQZKLFKWKHEDURQHVVWUHDWHGWKLVLPSRUWDQWDIIDLU
7KHFRQWUDFWZDVUHDGGXULQJDSURIRXQGVLOHQFH%XWDVVRRQ
DVLWZDVILQLVKHGWKHEX]]ZDVUHGRXEOHGWKURXJKDOOWKH
GUDZLQJURRPVWKHEULOOLDQWVXPVWKHUROOLQJPLOOLRQV
ZKLFKZHUHWREHDWWKHFRPPDQGRIWKHWZR\RXQJSHRSOHDQG
ZKLFKFURZQHGWKHGLVSOD\RIWKHZHGGLQJSUHVHQWVDQGWKH
\RXQJODG\
VGLDPRQGVZKLFKKDGEHHQPDGHLQDURRP
HQWLUHO\DSSURSULDWHGIRUWKDWSXUSRVHKDGH[HUFLVHGWRWKH
IXOOWKHLUGHOXVLRQVRYHUWKHHQYLRXVDVVHPEO\0DGHPRLVHOOH
'DQJODUV
FKDUPVZHUHKHLJKWHQHGLQWKHRSLQLRQRIWKH\RXQJ
PHQDQGIRUWKHPRPHQWVHHPHGWRRXWYLHWKHVXQLQ
VSOHQGRU$VIRUWKHODGLHVLWLVQHHGOHVVWRVD\WKDW
ZKLOHWKH\FRYHWHGWKHPLOOLRQVWKH\WKRXJKWWKH\GLGQRW
QHHGWKHPIRUWKHPVHOYHVDVWKH\ZHUHEHDXWLIXOHQRXJK
ZLWKRXWWKHP$QGUHDVXUURXQGHGE\KLVIULHQGV
FRPSOLPHQWHGIODWWHUHGEHJLQQLQJWREHOLHYHLQWKHUHDOLW\
RIKLVGUHDPZDVDOPRVWEHZLOGHUHG7KHQRWDU\VROHPQO\
WRRNWKHSHQIORXULVKHGLWDERYHKLVKHDGDQGVDLG

1198

*HQWOHPHQZHDUHDERXWWRVLJQWKHFRQWUDFW
7KHEDURQZDVWRVLJQILUVWWKHQWKHUHSUHVHQWDWLYHRI0
&DYDOFDQWLVHQLRUWKHQWKHEDURQHVVDIWHUZDUGVWKH
IXWXUHFRXSOHDVWKH\DUHVW\OHGLQWKHDERPLQDEOH
SKUDVHRORJ\RIOHJDOGRFXPHQWV7KHEDURQWRRNWKHSHQDQG
VLJQHGWKHQWKHUHSUHVHQWDWLYH7KHEDURQHVVDSSURDFKHG
OHDQLQJRQ0DGDPHGH9LOOHIRUW
VDUP0\GHDUVDLGVKH
DVVKHWRRNWKHSHQLVLWQRWYH[DWLRXV"$QXQH[SHFWHG
LQFLGHQWLQWKHDIIDLURIPXUGHUDQGWKHIWDWWKH&RXQWRI
0RQWH&ULVWR
VLQZKLFKKHQHDUO\IHOODYLFWLPGHSULYHV
XVRIWKHSOHDVXUHRIVHHLQJ0GH9LOOHIRUW
,QGHHG"VDLG0'DQJODUVLQWKHVDPHWRQHLQZKLFKKH
ZRXOGKDYHVDLG2KZHOOZKDWGR,FDUH"
$VDPDWWHURIIDFWVDLG0RQWH&ULVWRDSSURDFKLQJ,DP
PXFKDIUDLGWKDW,DPWKHLQYROXQWDU\FDXVHRIKLVDEVHQFH
:KDW\RXFRXQW"VDLG0DGDPH'DQJODUVVLJQLQJLI\RX
DUHWDNHFDUHIRU,VKDOOQHYHUIRUJLYH\RX$QGUHD
SULFNHGXSKLVHDUV
%XWLWLVQRWP\IDXOWDV,VKDOOHQGHDYRUWRSURYH
(YHU\RQHOLVWHQHGHDJHUO\0RQWH&ULVWRZKRVRUDUHO\
RSHQHGKLVOLSVZDVDERXWWRVSHDN<RXUHPHPEHUVDLG
WKHFRXQWGXULQJWKHPRVWSURIRXQGVLOHQFHWKDWWKH
XQKDSS\ZUHWFKZKRFDPHWRUREPHGLHGDWP\KRXVHWKH
VXSSRVLWLRQLVWKDWKHZDVVWDEEHGE\KLVDFFRPSOLFHRQ
DWWHPSWLQJWROHDYHLW
<HVVDLG'DQJODUV
,QRUGHUWKDWKLVZRXQGVPLJKWEHH[DPLQHGKHZDV
XQGUHVVHGDQGKLVFORWKHVZHUHWKURZQLQWRDFRUQHUZKHUH
WKHSROLFHSLFNHGWKHPXSZLWKWKHH[FHSWLRQRIWKH
ZDLVWFRDWZKLFKWKH\RYHUORRNHG$QGUHDWXUQHGSDOHDQG
GUHZWRZDUGVWKHGRRUKHVDZDFORXGULVLQJLQWKHKRUL]RQ
ZKLFKDSSHDUHGWRIRUHERGHDFRPLQJVWRUP
:HOOWKLVZDLVWFRDWZDVGLVFRYHUHGWRGD\FRYHUHGZLWK
EORRGDQGZLWKDKROHRYHUWKHKHDUW7KHODGLHVVFUHDPHG
DQGWZRRUWKUHHSUHSDUHGWRIDLQW,WZDVEURXJKWWRPH
1RRQHFRXOGJXHVVZKDWWKHGLUW\UDJFRXOGEH,DORQH

1199

VXVSHFWHGWKDWLWZDVWKHZDLVWFRDWRIWKHPXUGHUHGPDQ0\
YDOHWLQH[DPLQLQJWKLVPRXUQIXOUHOLFIHOWDSDSHULQWKH
SRFNHWDQGGUHZLWRXWLWZDVDOHWWHUDGGUHVVHGWR\RX
EDURQ
7RPH"FULHG'DQJODUV
<HVLQGHHGWR\RX,VXFFHHGHGLQGHFLSKHULQJ\RXUQDPH
XQGHUWKHEORRGZLWKZKLFKWKHOHWWHUZDVVWDLQHGUHSOLHG
0RQWH&ULVWRDPLGWKHJHQHUDORXWEXUVWRIDPD]HPHQW
%XWDVNHG0DGDPH'DQJODUVORRNLQJDWKHUKXVEDQGZLWK
XQHDVLQHVVKRZFRXOGWKDWSUHYHQW0GH9LOOHIRUW
,QWKLVVLPSOHZD\PDGDPHUHSOLHG0RQWH&ULVWRWKH
ZDLVWFRDWDQGWKHOHWWHUZHUHERWKZKDWLVWHUPHG
FLUFXPVWDQWLDOHYLGHQFH,WKHUHIRUHVHQWWKHPWRWKHNLQJ
V
DWWRUQH\<RXXQGHUVWDQGP\GHDUEDURQWKDWOHJDOPHWKRGV
DUHWKHVDIHVWLQFULPLQDOFDVHVLWZDVSHUKDSVVRPHSORW
DJDLQVW\RX$QGUHDORRNHGVWHDGLO\DW0RQWH&ULVWRDQG
GLVDSSHDUHGLQWKHVHFRQGGUDZLQJURRP
3RVVLEO\VDLG'DQJODUVZDVQRWWKLVPXUGHUHGPDQDQROG
JDOOH\VODYH"
<HVUHSOLHGWKHFRXQWDIHORQQDPHG&DGHURXVVH
'DQJODUVWXUQHGVOLJKWO\SDOH$QGUHDUHDFKHGWKHDQWHURRP
EH\RQGWKHOLWWOHGUDZLQJURRP
%XWJRRQVLJQLQJVDLG0RQWH&ULVWR,SHUFHLYHWKDWP\
VWRU\KDVFDXVHGDJHQHUDOHPRWLRQDQG,EHJWRDSRORJL]H
WR\RXEDURQHVVDQGWR0DGHPRLVHOOH'DQJODUV7KH
EDURQHVVZKRKDGVLJQHGUHWXUQHGWKHSHQWRWKHQRWDU\
3ULQFH&DYDOFDQWLVDLGWKHODWWHU3ULQFH&DYDOFDQWL
ZKHUHDUH\RX"
$QGUHD$QGUHDUHSHDWHGVHYHUDO\RXQJSHRSOHZKRZHUH
DOUHDG\RQVXIILFLHQWO\LQWLPDWHWHUPVZLWKKLPWRFDOOKLP
E\KLV&KULVWLDQQDPH
&DOOWKHSULQFHLQIRUPKLPWKDWLWLVKLVWXUQWRVLJQ
FULHG'DQJODUVWRRQHRIWKHIORRUNHHSHUV
%XWDWWKHVDPHLQVWDQWWKHFURZGRIJXHVWVUXVKHGLQDODUP

1200

LQWRWKHSULQFLSDOVDORQDVLIVRPHIULJKWIXOPRQVWHUKDG
HQWHUHGWKHDSDUWPHQWVTXDHUHQVTXHPGHYRUHW7KHUHZDV
LQGHHGUHDVRQWRUHWUHDWWREHDODUPHGDQGWRVFUHDP$Q
RIILFHUZDVSODFLQJWZRVROGLHUVDWWKHGRRURIHDFK
GUDZLQJURRPDQGZDVDGYDQFLQJWRZDUGV'DQJODUVSUHFHGHG
E\DFRPPLVVDU\RISROLFHJLUGHGZLWKKLVVFDUI0DGDPH
'DQJODUVXWWHUHGDVFUHDPDQGIDLQWHG'DQJODUVZKRWKRXJKW
KLPVHOIWKUHDWHQHG FHUWDLQFRQVFLHQFHVDUHQHYHUFDOP 
'DQJODUVHYHQEHIRUHKLVJXHVWVVKRZHGDFRXQWHQDQFHRI
DEMHFWWHUURU
:KDWLVWKHPDWWHUVLU"DVNHG0RQWH&ULVWRDGYDQFLQJWR
PHHWWKHFRPPLVVLRQHU
:KLFKRI\RXJHQWOHPHQDVNHGWKHPDJLVWUDWHZLWKRXW
UHSO\LQJWRWKHFRXQWDQVZHUVWRWKHQDPHRI$QGUHD
&DYDOFDQWL"$FU\RIDVWRQLVKPHQWZDVKHDUGIURPDOOSDUWV
RIWKHURRP7KH\VHDUFKHGWKH\TXHVWLRQHG%XWZKRWKHQ
LV$QGUHD&DYDOFDQWL"DVNHG'DQJODUVLQDPD]HPHQW
$JDOOH\VODYHHVFDSHGIURPFRQILQHPHQWDW7RXORQ
$QGZKDWFULPHKDVKHFRPPLWWHG"
+HLVDFFXVHGVDLGWKHFRPPLVVDU\ZLWKKLVLQIOH[LEOH
YRLFHRIKDYLQJDVVDVVLQDWHGWKHPDQQDPHG&DGHURXVVHKLV
IRUPHUFRPSDQLRQLQSULVRQDWWKHPRPHQWKHZDVPDNLQJKLV
HVFDSHIURPWKHKRXVHRIWKH&RXQWRI0RQWH&ULVWR0RQWH
&ULVWRFDVWDUDSLGJODQFHDURXQGKLP$QGUHDZDVJRQH

&KDSWHU
7KH'HSDUWXUHIRU%HOJLXP
$IHZPLQXWHVDIWHUWKHVFHQHRIFRQIXVLRQSURGXFHGLQWKH
VDORQVRI0'DQJODUVE\WKHXQH[SHFWHGDSSHDUDQFHRIWKH
EULJDGHRIVROGLHUVDQGE\WKHGLVFORVXUHZKLFKKDG
IROORZHGWKHPDQVLRQZDVGHVHUWHGZLWKDVPXFKUDSLGLW\DV
LIDFDVHRISODJXHRURIFKROHUDPRUEXVKDGEURNHQRXW
DPRQJWKHJXHVWV,QDIHZPLQXWHVWKURXJKDOOWKHGRRUV
GRZQDOOWKHVWDLUFDVHVE\HYHU\H[LWHYHU\RQHKDVWHQHG
WRUHWLUHRUUDWKHUWRIO\IRULWZDVDVLWXDWLRQZKHUH
WKHRUGLQDU\FRQGROHQFHVZKLFKHYHQWKHEHVWIULHQGVDUH

1201

VRHDJHUWRRIIHULQJUHDWFDWDVWURSKHVZHUHVHHQWREH
XWWHUO\IXWLOH7KHUHUHPDLQHGLQWKHEDQNHU
VKRXVHRQO\
'DQJODUVFORVHWHGLQKLVVWXG\DQGPDNLQJKLVVWDWHPHQWWR
WKHRIILFHURIJHQGDUPHV0DGDPH'DQJODUVWHUULILHGLQWKH
ERXGRLUZLWKZKLFKZHDUHDFTXDLQWHGDQG(XJHQLHZKRZLWK
KDXJKW\DLUDQGGLVGDLQIXOOLSKDGUHWLUHGWRKHUURRPZLWK
KHULQVHSDUDEOHFRPSDQLRQ0DGHPRLVHOOH/RXLVHG
$UPLOO\$V
IRUWKHQXPHURXVVHUYDQWV PRUHQXPHURXVWKDWHYHQLQJWKDQ
XVXDOIRUWKHLUQXPEHUZDVDXJPHQWHGE\FRRNVDQGEXWOHUV
IURPWKH&DIHGH3DULV YHQWLQJRQWKHLUHPSOR\HUVWKHLU
DQJHUDWZKDWWKH\WHUPHGWKHLQVXOWWRZKLFKWKH\KDGEHHQ
VXEMHFWHGWKH\FROOHFWHGLQJURXSVLQWKHKDOOLQWKH
NLWFKHQVRULQWKHLUURRPVWKLQNLQJYHU\OLWWOHRIWKHLU
GXW\ZKLFKZDVWKXVQDWXUDOO\LQWHUUXSWHG2IDOOWKLV
KRXVHKROGRQO\WZRSHUVRQVGHVHUYHRXUQRWLFHWKHVHDUH
0DGHPRLVHOOH(XJHQLH'DQJODUVDQG0DGHPRLVHOOH/RXLVH
G
$UPLOO\
7KHEHWURWKHGKDGUHWLUHGDVZHVDLGZLWKKDXJKW\DLU
GLVGDLQIXOOLSDQGWKHGHPHDQRURIDQRXWUDJHGTXHHQ
IROORZHGE\KHUFRPSDQLRQZKRZDVSDOHUDQGPRUHGLVWXUEHG
WKDQKHUVHOI2QUHDFKLQJKHUURRP(XJHQLHORFNHGKHUGRRU
ZKLOH/RXLVHIHOORQDFKDLU$KZKDWDGUHDGIXOWKLQJ
VDLGWKH\RXQJPXVLFLDQZKRZRXOGKDYHVXVSHFWHGLW"0
$QGUHD&DYDOFDQWLDPXUGHUHUDJDOOH\VODYHHVFDSHGD
FRQYLFW$QLURQLFDOVPLOHFXUOHGWKHOLSRI(XJHQLH,Q
WUXWK,ZDVIDWHGVDLGVKH,HVFDSHGWKH0RUFHUIRQO\WR
IDOOLQWRWKH&DYDOFDQWL
2KGRQRWFRQIRXQGWKHWZR(XJHQLH
+ROG\RXUWRQJXH7KHPHQDUHDOOLQIDPRXVDQG,DPKDSS\
WREHDEOHQRZWRGRPRUHWKDQGHWHVWWKHP,GHVSLVH
WKHP
:KDWVKDOOZHGR"DVNHG/RXLVH
:KDWVKDOOZHGR"
<HV
:K\WKHVDPHZHKDGLQWHQGHGGRLQJWKUHHGD\VVLQFHVHW
RII

1202

:KDW"DOWKRXJK\RXDUHQRWQRZJRLQJWREHPDUULHG\RX
LQWHQGVWLOO
/LVWHQ/RXLVH,KDWHWKLVOLIHRIWKHIDVKLRQDEOHZRUOG
DOZD\VRUGHUHGPHDVXUHGUXOHGOLNHRXUPXVLFSDSHU:KDW
,KDYHDOZD\VZLVKHGIRUGHVLUHGDQGFRYHWHGLVWKHOLIH
RIDQDUWLVWIUHHDQGLQGHSHQGHQWUHO\LQJRQO\RQP\RZQ
UHVRXUFHVDQGDFFRXQWDEOHRQO\WRP\VHOI5HPDLQKHUH":KDW
IRU"WKDWWKH\PD\WU\DPRQWKKHQFHWRPDUU\PHDJDLQ
DQGWRZKRP"0'HEUD\SHUKDSVDVLWZDVRQFHSURSRVHG
1R/RXLVHQR7KLVHYHQLQJ
VDGYHQWXUHZLOOVHUYHIRUP\
H[FXVH,GLGQRWVHHNRQH,GLGQRWDVNIRURQH*RGVHQGV
PHWKLVDQG,KDLOLWMR\IXOO\
+RZVWURQJDQGFRXUDJHRXV\RXDUHVDLGWKHIDLUIUDLO
JLUOWRKHUEUXQHWWHFRPSDQLRQ
'LG\RXQRW\HWNQRZPH"&RPH/RXLVHOHWXVWDONRIRXU
DIIDLUV7KHSRVWFKDLVH
:DVKDSSLO\ERXJKWWKUHHGD\VVLQFH
+DYH\RXKDGLWVHQWZKHUHZHDUHWRJRIRULW"
<HV
2XUSDVVSRUW"
+HUHLWLV
$QG(XJHQLHZLWKKHUXVXDOSUHFLVLRQRSHQHGDSULQWHG
SDSHUDQGUHDG
0/HRQG
$UPLOO\WZHQW\\HDUVRIDJHSURIHVVLRQDUWLVW
KDLUEODFNH\HVEODFNWUDYHOOLQJZLWKKLVVLVWHU
&DSLWDO+RZGLG\RXJHWWKLVSDVVSRUW"
:KHQ,ZHQWWRDVN0GH0RQWH&ULVWRIRUOHWWHUVWRWKH
GLUHFWRUVRIWKHWKHDWUHVDW5RPHDQG1DSOHV,H[SUHVVHGP\
IHDUVRIWUDYHOOLQJDVDZRPDQKHSHUIHFWO\XQGHUVWRRG
WKHPDQGXQGHUWRRNWRSURFXUHIRUPHDPDQ
VSDVVSRUWDQG
WZRGD\VDIWHU,UHFHLYHGWKLVWRZKLFK,KDYHDGGHGZLWK
P\RZQKDQGCWUDYHOOLQJZLWKKLVVLVWHU


1203

:HOOVDLG(XJHQLHFKHHUIXOO\ZHKDYHWKHQRQO\WRSDFN
XSRXUWUXQNVZHVKDOOVWDUWWKHHYHQLQJRIWKHVLJQLQJRI
WKHFRQWUDFWLQVWHDGRIWKHHYHQLQJRIWKHZHGGLQJWKDW
LVDOO
%XWFRQVLGHUWKHPDWWHUVHULRXVO\(XJHQLH
2K,DPGRQHZLWKFRQVLGHULQJ,DPWLUHGRIKHDULQJRQO\
RIPDUNHWUHSRUWVRIWKHHQGRIWKHPRQWKRIWKHULVHDQG
IDOORI6SDQLVKIXQGVRI+DLWLDQERQGV,QVWHDGRIWKDW
/RXLVHGR\RXXQGHUVWDQG"DLUOLEHUW\PHORG\RI
ELUGVSODLQVRI/RPEDUG\9HQHWLDQFDQDOV5RPDQSDODFHV
WKH%D\RI1DSOHV+RZPXFKKDYHZH/RXLVH"7KH\RXQJJLUO
WRZKRPWKLVTXHVWLRQZDVDGGUHVVHGGUHZIURPDQLQODLG
VHFUHWDU\DVPDOOSRUWIROLRZLWKDORFNLQZKLFKVKH
FRXQWHGWZHQW\WKUHHEDQNQRWHV
7ZHQW\WKUHHWKRXVDQGIUDQFV,VDLGVKH
$QGDVPXFKDWOHDVWLQSHDUOVGLDPRQGVDQGMHZHOV
VDLG(XJHQLH:HDUHULFK:LWKIRUW\ILYHWKRXVDQGIUDQFV
ZHFDQOLYHOLNHSULQFHVVHVIRUWZR\HDUVDQGFRPIRUWDEO\
IRUIRXUEXWEHIRUHVL[PRQWKV\RXZLWK\RXUPXVLFDQG
,ZLWKP\YRLFHZHVKDOOGRXEOHRXUFDSLWDO&RPH\RX
VKDOOWDNHFKDUJHRIWKHPRQH\,RIWKHMHZHOER[VRWKDW
LIRQHRIXVKDGWKHPLVIRUWXQHWRORVHKHUWUHDVXUHWKH
RWKHUZRXOGVWLOOKDYHKHUVOHIW1RZWKHSRUWPDQWHDX
OHWXVPDNHKDVWHWKHSRUWPDQWHDX
6WRSVDLG/RXLVHJRLQJWROLVWHQDW0DGDPH'DQJODUV

GRRU
:KDWGR\RXIHDU"
7KDWZHPD\EHGLVFRYHUHG
7KHGRRULVORFNHG
7KH\PD\WHOOXVWRRSHQLW
7KH\PD\LIWKH\OLNHEXWZHZLOOQRW
<RXDUHDSHUIHFW$PD]RQ(XJHQLH$QGWKHWZR\RXQJJLUOV

1204

EHJDQWRKHDSLQWRDWUXQNDOOWKHWKLQJVWKH\WKRXJKWWKH\
VKRXOGUHTXLUH7KHUHQRZVDLG(XJHQLHZKLOH,FKDQJH
P\FRVWXPHGR\RXORFNWKHSRUWPDQWHDX/RXLVHSUHVVHGZLWK
DOOWKHVWUHQJWKRIKHUOLWWOHKDQGVRQWKHWRSRIWKH
SRUWPDQWHDX%XW,FDQQRWVDLGVKH,DPQRWVWURQJ
HQRXJKGR\RXVKXWLW
$K\RXGRZHOOWRDVNVDLG(XJHQLHODXJKLQJ,IRUJRW
WKDW,ZDV+HUFXOHVDQG\RXRQO\WKHSDOH2PSKDOH$QGWKH
\RXQJJLUONQHHOLQJRQWKHWRSSUHVVHGWKHWZRSDUWVRI
WKHSRUWPDQWHDXWRJHWKHUDQG0DGHPRLVHOOHG
$UPLOO\SDVVHG
WKHEROWRIWKHSDGORFNWKURXJK:KHQWKLVZDVGRQH(XJHQLH
RSHQHGDGUDZHURIZKLFKVKHNHSWWKHNH\DQGWRRNIURPLW
DZDGGHGYLROHWVLONWUDYHOOLQJFORDN+HUHVDLGVKH
\RXVHH,KDYHWKRXJKWRIHYHU\WKLQJZLWKWKLVFORDN\RX
ZLOOQRWEHFROG
%XW\RX"
2K,DPQHYHUFROG\RXNQRZ%HVLGHVZLWKWKHVHPHQ
V
FORWKHV
:LOO\RXGUHVVKHUH"
&HUWDLQO\
6KDOO\RXKDYHWLPH"
'RQRWEHXQHDV\\RXOLWWOHFRZDUG$OORXUVHUYDQWVDUH
EXV\GLVFXVVLQJWKHJUDQGDIIDLU%HVLGHVZKDWLVWKHUH
DVWRQLVKLQJZKHQ\RXWKLQNRIWKHJULHI,RXJKWWREHLQ
WKDW,VKXWP\VHOIXS"WHOOPH
1RWUXO\\RXFRPIRUWPH
&RPHDQGKHOSPH
)URPWKHVDPHGUDZHUVKHWRRNDPDQ
VFRPSOHWHFRVWXPHIURP
WKHERRWVWRWKHFRDWDQGDSURYLVLRQRIOLQHQZKHUHWKHUH
ZDVQRWKLQJVXSHUIOXRXVEXWHYHU\UHTXLVLWH7KHQZLWKD
SURPSWLWXGHZKLFKLQGLFDWHGWKDWWKLVZDVQRWWKHILUVWWLPH
VKHKDGDPXVHGKHUVHOIE\DGRSWLQJWKHJDUERIWKHRSSRVLWH
VH[(XJHQLHGUHZRQWKHERRWVDQGSDQWDORRQVWLHGKHU
FUDYDWEXWWRQHGKHUZDLVWFRDWXSWRWKHWKURDWDQGSXWRQ

1205

DFRDWZKLFKDGPLUDEO\ILWWHGKHUEHDXWLIXOILJXUH2K
WKDWLVYHU\JRRGLQGHHGLWLVYHU\JRRGVDLG/RXLVH
ORRNLQJDWKHUZLWKDGPLUDWLRQEXWWKDWEHDXWLIXOEODFN
KDLUWKRVHPDJQLILFHQWEUDLGVZKLFKPDGHDOOWKHODGLHV
VLJKZLWKHQY\ZLOOWKH\JRXQGHUDPDQ
VKDWOLNHWKH
RQH,VHHGRZQWKHUH"
<RXVKDOOVHHVDLG(XJHQLH$QGZLWKKHUOHIWKDQG
VHL]LQJWKHWKLFNPDVVZKLFKKHUORQJILQJHUVFRXOG
VFDUFHO\JUDVSVKHWRRNLQKHUULJKWKDQGDSDLURIORQJ
VFLVVRUVDQGVRRQWKHVWHHOPHWWKURXJKWKHULFKDQG
VSOHQGLGKDLUZKLFKIHOOLQDFOXVWHUDWKHUIHHWDVVKH
OHDQHGEDFNWRNHHSLWIURPKHUFRDW7KHQVKHJUDVSHGWKH
IURQWKDLUZKLFKVKHDOVRFXWRIIZLWKRXWH[SUHVVLQJWKH
OHDVWUHJUHWRQWKHFRQWUDU\KHUH\HVVSDUNOHGZLWK
JUHDWHUSOHDVXUHWKDQXVXDOXQGHUKHUHERQ\H\HEURZV2K
WKHPDJQLILFHQWKDLUVDLG/RXLVHZLWKUHJUHW
$QGDP,QRWDKXQGUHGWLPHVEHWWHUWKXV"FULHG(XJHQLH
VPRRWKLQJWKHVFDWWHUHGFXUOVRIKHUKDLUZKLFKKDGQRZ
TXLWHDPDVFXOLQHDSSHDUDQFHDQGGR\RXQRWWKLQNPH
KDQGVRPHUVR"
2K\RXDUHEHDXWLIXODOZD\VEHDXWLIXOFULHG/RXLVH
1RZZKHUHDUH\RXJRLQJ"
7R%UXVVHOVLI\RXOLNHLWLVWKHQHDUHVWIURQWLHU:H
FDQJRWR%UXVVHOV/LHJH$L[OD&KDSHOOHWKHQXSWKH
5KLQHWR6WUDVEXUJ:HZLOOFURVV6ZLW]HUODQGDQGJRGRZQ
LQWR,WDO\E\WKH6DLQW*RWKDUG:LOOWKDWGR"
<HV
:KDWDUH\RXORRNLQJDW"
,DPORRNLQJDW\RXLQGHHG\RXDUHDGRUDEOHOLNHWKDW2QH
ZRXOGVD\\RXZHUHFDUU\LQJPHRII
$QGWKH\ZRXOGEHULJKWSDUGLHX
2K,WKLQN\RXVZRUH(XJHQLH$QGWKHWZR\RXQJJLUOV
ZKRPHYHU\RQHPLJKWKDYHWKRXJKWSOXQJHGLQJULHIWKHRQH
RQKHURZQDFFRXQWWKHRWKHUIURPLQWHUHVWLQKHUIULHQG
EXUVWRXWODXJKLQJDVWKH\FOHDUHGDZD\HYHU\YLVLEOHWUDFH

1206

RIWKHGLVRUGHUZKLFKKDGQDWXUDOO\DFFRPSDQLHGWKH
SUHSDUDWLRQVIRUWKHLUHVFDSH7KHQKDYLQJEORZQRXWWKH
OLJKWVWKHWZRIXJLWLYHVORRNLQJDQGOLVWHQLQJHDJHUO\
ZLWKRXWVWUHWFKHGQHFNVRSHQHGWKHGRRURIDGUHVVLQJURRP
ZKLFKOHGE\DVLGHVWDLUFDVHGRZQWRWKH\DUG(XJHQLH
JRLQJILUVWDQGKROGLQJZLWKRQHDUPWKHSRUWPDQWHDXZKLFK
E\WKHRSSRVLWHKDQGOH0DGHPRLVHOOHG
$UPLOO\VFDUFHO\
UDLVHGZLWKERWKKDQGV7KH\DUGZDVHPSW\WKHFORFNZDV
VWULNLQJWZHOYH7KHSRUWHUZDVQRW\HWJRQHWREHG(XJHQLH
DSSURDFKHGVRIWO\DQGVDZWKHROGPDQVOHHSLQJVRXQGO\LQ
DQDUPFKDLULQKLVORGJH6KHUHWXUQHGWR/RXLVHWRRNXS
WKHSRUWPDQWHDXZKLFKVKHKDGSODFHGIRUDPRPHQWRQWKH
JURXQGDQGWKH\UHDFKHGWKHDUFKZD\XQGHUWKHVKDGRZRIWKH
ZDOO
(XJHQLHFRQFHDOHG/RXLVHLQDQDQJOHRIWKHJDWHZD\VRWKDW
LIWKHSRUWHUFKDQFHGWRDZDNHKHPLJKWVHHEXWRQHSHUVRQ
7KHQSODFLQJKHUVHOILQWKHIXOOOLJKWRIWKHODPSZKLFKOLW
WKH\DUG*DWHFULHGVKHZLWKKHUILQHVWFRQWUDOWR
YRLFHDQGUDSSLQJDWWKHZLQGRZ
7KHSRUWHUJRWXSDV(XJHQLHH[SHFWHGDQGHYHQDGYDQFHG
VRPHVWHSVWRUHFRJQL]HWKHSHUVRQZKRZDVJRLQJRXWEXW
VHHLQJD\RXQJPDQVWULNLQJKLVERRWLPSDWLHQWO\ZLWKKLV
ULGLQJZKLSKHRSHQHGLWLPPHGLDWHO\/RXLVHVOLGWKURXJK
WKHKDOIRSHQJDWHOLNHDVQDNHDQGERXQGHGOLJKWO\
IRUZDUG(XJHQLHDSSDUHQWO\FDOPDOWKRXJKLQDOO
SUREDELOLW\KHUKHDUWEHDWVRPHZKDWIDVWHUWKDQXVXDOZHQW
RXWLQKHUWXUQ$SRUWHUZDVSDVVLQJDQGWKH\JDYHKLPWKH
SRUWPDQWHDXWKHQWKHWZR\RXQJJLUOVKDYLQJWROGKLPWR
WDNHLWWR1R5XHGHOD9LFWRLUHZDONHGEHKLQGWKLV
PDQZKRVHSUHVHQFHFRPIRUWHG/RXLVH$VIRU(XJHQLHVKH
ZDVDVVWURQJDVD-XGLWKRUD'HOLODK7KH\DUULYHGDWWKH
DSSRLQWHGVSRW(XJHQLHRUGHUHGWKHSRUWHUWRSXWGRZQWKH
SRUWPDQWHDXJDYHKLPVRPHSLHFHVRIPRQH\DQGKDYLQJ
UDSSHGDWWKHVKXWWHUVHQWKLPDZD\7KHVKXWWHUZKHUH
(XJHQLHKDGUDSSHGZDVWKDWRIDOLWWOHODXQGUHVVZKRKDG
EHHQSUHYLRXVO\ZDUQHGDQGZDVQRW\HWJRQHWREHG6KH
RSHQHGWKHGRRU
0DGHPRLVHOOHVDLG(XJHQLHOHWWKHSRUWHUJHWWKH
SRVWFKDLVHIURPWKHFRDFKKRXVHDQGIHWFKVRPHSRVWKRUVHV
IURPWKHKRWHO+HUHDUHILYHIUDQFVIRUKLVWURXEOH

1207

,QGHHGVDLG/RXLVH,DGPLUH\RXDQG,FRXOGDOPRVWVD\
UHVSHFW\RX7KHODXQGUHVVORRNHGRQLQDVWRQLVKPHQWEXW
DVVKHKDGEHHQSURPLVHGWZHQW\ORXLVVKHPDGHQRUHPDUN
,QDTXDUWHURIDQKRXUWKHSRUWHUUHWXUQHGZLWKDSRVWER\
DQGKRUVHVZKLFKZHUHKDUQHVVHGDQGSXWLQWKHSRVWFKDLVH
LQDPLQXWHZKLOHWKHSRUWHUIDVWHQHGWKHSRUWPDQWHDXRQ
ZLWKWKHDVVLVWDQFHRIDFRUGDQGVWUDS+HUHLVWKH
SDVVSRUWVDLGWKHSRVWLOLRQZKLFKZD\DUHZHJRLQJ
\RXQJJHQWOHPDQ"
7R)RQWDLQHEOHDXUHSOLHG(XJHQLHZLWKDQDOPRVWPDVFXOLQH
YRLFH
:KDWGR\RXVD\"VDLG/RXLVH
,DPJLYLQJWKHPWKHVOLSVDLG(XJHQLHWKLVZRPDQWR
ZKRPZHKDYHJLYHQWZHQW\ORXLVPD\EHWUD\XVIRUIRUW\ZH
ZLOOVRRQDOWHURXUGLUHFWLRQ$QGWKH\RXQJJLUOMXPSHG
LQWRWKHEULW]VNDZKLFKZDVDGPLUDEO\DUUDQJHGIRUVOHHSLQJ
LQZLWKRXWVFDUFHO\WRXFKLQJWKHVWHS<RXDUHDOZD\V
ULJKWVDLGWKHPXVLFWHDFKHUVHDWLQJKHUVHOIE\WKHVLGH
RIKHUIULHQG
$TXDUWHURIDQKRXUDIWHUZDUGVWKHSRVWLOLRQKDYLQJEHHQ
SXWLQWKHULJKWURDGSDVVHGZLWKDFUDFNRIKLVZKLS
WKURXJKWKHJDWHZD\RIWKH%DUULHUH6DLQW0DUWLQ$KVDLG
/RXLVHEUHDWKLQJIUHHO\KHUHZHDUHRXWRI3DULV
<HVP\GHDUWKHDEGXFWLRQLVDQDFFRPSOLVKHGIDFW
UHSOLHG(XJHQLH<HVDQGZLWKRXWYLROHQFHVDLG/RXLVH
,VKDOOEULQJWKDWIRUZDUGDVDQH[WHQXDWLQJFLUFXPVWDQFH
UHSOLHG(XJHQLH7KHVHZRUGVZHUHORVWLQWKHQRLVHZKLFK
WKHFDUULDJHPDGHLQUROOLQJRYHUWKHSDYHPHQWRI/D
9LOOHWWH0'DQJODUVQRORQJHUKDGDGDXJKWHU

&KDSWHU
7KH%HOODQG%RWWOH7DYHUQ
$QGQRZOHWXVOHDYH0DGHPRLVHOOH'DQJODUVDQGKHUIULHQG
SXUVXLQJWKHLUZD\WR%UXVVHOVDQGUHWXUQWRSRRU$QGUHD

1208

&DYDOFDQWLVRLQRSSRUWXQHO\LQWHUUXSWHGLQKLVULVHWR
IRUWXQH1RWZLWKVWDQGLQJKLV\RXWK0DVWHU$QGUHDZDVDYHU\
VNLOIXODQGLQWHOOLJHQWER\:HKDYHVHHQWKDWRQWKHILUVW
UXPRUZKLFKUHDFKHGWKHVDORQKHKDGJUDGXDOO\DSSURDFKHG
WKHGRRUDQGFURVVLQJWZRRUWKUHHURRPVDWODVW
GLVDSSHDUHG%XWZHKDYHIRUJRWWHQWRPHQWLRQRQH
FLUFXPVWDQFHZKLFKQHYHUWKHOHVVRXJKWQRWWREHRPLWWHGLQ
RQHRIWKHURRPVKHFURVVHGWKHWURXVVHDXRIWKH
EULGHHOHFWZDVRQH[KLELWLRQ7KHUHZHUHFDVNHWVRI
GLDPRQGVFDVKPHUHVKDZOV9DOHQFLHQQHVODFH(QJOLVK
YHLOLQJVDQGLQIDFWDOOWKHWHPSWLQJWKLQJVWKHEDUH
PHQWLRQRIZKLFKPDNHVWKHKHDUWVRI\RXQJJLUOVERXQGZLWK
MR\DQGZKLFKLVFDOOHGWKHFRUEHLOOH 1RZLQSDVVLQJ
WKURXJKWKLVURRP$QGUHDSURYHGKLPVHOIQRWRQO\WREH
FOHYHUDQGLQWHOOLJHQWEXWDOVRSURYLGHQWIRUKHKHOSHG
KLPVHOIWRWKHPRVWYDOXDEOHRIWKHRUQDPHQWVEHIRUHKLP
/LWHUDOO\WKHEDVNHWEHFDXVHZHGGLQJJLIWVZHUH
RULJLQDOO\EURXJKWLQVXFKDUHFHSWDFOH
)XUQLVKHGZLWKWKLVSOXQGHU$QGUHDOHDSHGZLWKDOLJKWHU
KHDUWIURPWKHZLQGRZLQWHQGLQJWRVOLSWKURXJKWKHKDQGV
RIWKHJHQGDUPHV7DOODQGZHOOSURSRUWLRQHGDVDQDQFLHQW
JODGLDWRUDQGPXVFXODUDVD6SDUWDQKHZDONHGIRUD
TXDUWHURIDQKRXUZLWKRXWNQRZLQJZKHUHWRGLUHFWKLV
VWHSVDFWXDWHGE\WKHVROHLGHDRIJHWWLQJDZD\IURPWKH
VSRWZKHUHLIKHOLQJHUHGKHNQHZWKDWKHZRXOGVXUHO\EH
WDNHQ+DYLQJSDVVHGWKURXJKWKH5XH0RQW%ODQFJXLGHGE\
WKHLQVWLQFWZKLFKOHDGVWKLHYHVDOZD\VWRWDNHWKHVDIHVW
SDWKKHIRXQGKLPVHOIDWWKHHQGRIWKH5XH/DID\HWWH
7KHUHKHVWRSSHGEUHDWKOHVVDQGSDQWLQJ+HZDVTXLWH
DORQHRQRQHVLGHZDVWKHYDVWZLOGHUQHVVRIWKH
6DLQW/D]DUHRQWKHRWKHU3DULVHQVKURXGHGLQGDUNQHVV
$P,WREHFDSWXUHG"KHFULHGQRQRWLI,FDQXVHPRUH
DFWLYLW\WKDQP\HQHPLHV0\VDIHW\LVQRZDPHUHTXHVWLRQ
RIVSHHG$WWKLVPRPHQWKHVDZDFDEDWWKHWRSRIWKH
)DXERXUJ3RLVVRQQLHUH7KHGXOOGULYHUVPRNLQJKLVSLSH
ZDVSORGGLQJDORQJWRZDUGWKHOLPLWVRIWKH)DXERXUJ
6DLQW'HQLVZKHUHQRGRXEWKHRUGLQDULO\KDGKLVVWDWLRQ
+RIULHQGVDLG%HQHGHWWR
:KDWGR\RXZDQWVLU"DVNHGWKHGULYHU
,V\RXUKRUVHWLUHG"

1209

7LUHG"RK\HVWLUHGHQRXJKKHKDVGRQHQRWKLQJWKH
ZKROHRIWKLVEOHVVHGGD\)RXUZUHWFKHGIDUHVDQGWZHQW\
VRXVRYHUPDNLQJLQDOOVHYHQIUDQFVDUHDOOWKDW,KDYH
HDUQHGDQG,RXJKWWRWDNHWHQWRWKHRZQHU
:LOO\RXDGGWKHVHWZHQW\IUDQFVWRWKHVHYHQ\RXKDYH"
:LWKSOHDVXUHVLUWZHQW\IUDQFVDUHQRWWREHGHVSLVHG
7HOOPHZKDW,DPWRGRIRUWKLV
$YHU\HDV\WKLQJLI\RXUKRUVHLVQ
WWLUHG
,WHOO\RXKH
OOJROLNHWKHZLQGRQO\WHOOPHZKLFK
ZD\WRGULYH
7RZDUGVWKH/RXYUHV
$K,NQRZWKHZD\\RXJHWJRRGVZHHWHQHGUXPRYHU
WKHUH
([DFWO\VR,PHUHO\ZLVKWRRYHUWDNHRQHRIP\IULHQGV
ZLWKZKRP,DPJRLQJWRKXQWWRPRUURZDW
&KDSHOOHHQ6HUYDO+HVKRXOGKDYHZDLWHGIRUPHKHUHZLWKD
FDEULROHWWLOOKDOISDVWHOHYHQLWLVWZHOYHDQGWLUHGRI
ZDLWLQJKHPXVWKDYHJRQHRQ
,WLVOLNHO\
:HOOZLOO\RXWU\DQGRYHUWDNHKLP"
1RWKLQJ,VKRXOGOLNHEHWWHU
,I\RXGRQRWRYHUWDNHKLPEHIRUHZHUHDFK%RXUJHW\RX
VKDOOKDYHWZHQW\IUDQFVLIQRWEHIRUH/RXYUHVWKLUW\
$QGLIZHGRRYHUWDNHKLP"
)RUW\VDLG$QGUHDDIWHUDPRPHQW
VKHVLWDWLRQDWWKH
HQGRIZKLFKKHUHPHPEHUHGWKDWKHPLJKWVDIHO\SURPLVH
7KDW
VDOOULJKWVDLGWKHPDQKRSLQDQGZH
UHRII
:KRRRSOD
$QGUHDJRWLQWRWKHFDEZKLFKSDVVHGUDSLGO\WKURXJKWKH

1210

)DXERXUJ6DLQW'HQLVDORQJWKH)DXERXUJ6DLQW0DUWLQ
FURVVHGWKHEDUULHUDQGWKUHDGHGLWVZD\WKURXJKWKH
LQWHUPLQDEOH9LOOHWWH7KH\QHYHURYHUWRRNWKHFKLPHULFDO
IULHQG\HW$QGUHDIUHTXHQWO\LQTXLUHGRISHRSOHRQIRRW
ZKRPKHSDVVHGDQGDWWKHLQQVZKLFKZHUHQRW\HWFORVHG
IRUDJUHHQFDEULROHWDQGED\KRUVHDQGDVWKHUHDUHD
JUHDWPDQ\FDEULROHWVWREHVHHQRQWKHURDGWRWKH/RZ
&RXQWULHVDQGDVQLQHWHQWKVRIWKHPDUHJUHHQWKH
LQTXLULHVLQFUHDVHGDWHYHU\VWHS(YHU\RQHKDGMXVWVHHQ
LWSDVVLWZDVRQO\ILYHKXQGUHGWZRKXQGUHGRQHKXQGUHG
VWHSVLQDGYDQFHDWOHQJWKWKH\UHDFKHGLWEXWLWZDVQRW
WKHIULHQG2QFHWKHFDEZDVDOVRSDVVHGE\DFDODVKUDSLGO\
ZKLUOHGDORQJE\WZRSRVWKRUVHV$KVDLG&DYDOFDQWLWR
KLPVHOILI,RQO\KDGWKDWEULW]VNDWKRVHWZRJRRG
SRVWKRUVHVDQGDERYHDOOWKHSDVVSRUWWKDWFDUULHVWKHP
RQ$QGKHVLJKHGGHHSO\7KHFDODVKFRQWDLQHG0DGHPRLVHOOH
'DQJODUVDQG0DGHPRLVHOOHG
$UPLOO\+XUU\KXUU\VDLG
$QGUHDZHPXVWRYHUWDNHKLPVRRQ$QGWKHSRRUKRUVH
UHVXPHGWKHGHVSHUDWHJDOORSLWKDGNHSWXSVLQFHOHDYLQJ
WKHEDUULHUDQGDUULYHGVWHDPLQJDW/RXYUHV
&HUWDLQO\VDLG$QGUHD,VKDOOQRWRYHUWDNHP\IULHQG
EXW,VKDOONLOO\RXUKRUVHWKHUHIRUH,KDGEHWWHUVWRS
+HUHDUHWKLUW\IUDQFV,ZLOOVOHHSDWWKH5HG+RUVHDQG
ZLOOVHFXUHDSODFHLQWKHILUVWFRDFK*RRGQLJKWIULHQG
$QG$QGUHDDIWHUSODFLQJVL[SLHFHVRIILYHIUDQFVHDFKLQ
WKHPDQ
VKDQGOHDSHGOLJKWO\RQWRWKHSDWKZD\7KHFDEPDQ
MR\IXOO\SRFNHWHGWKHVXPDQGWXUQHGEDFNRQKLVURDGWR
3DULV$QGUHDSUHWHQGHGWRJRWRZDUGVWKH5HG+RUVHLQQEXW
DIWHUOHDQLQJDQLQVWDQWDJDLQVWWKHGRRUDQGKHDULQJWKH
ODVWVRXQGRIWKHFDEZKLFKZDVGLVDSSHDULQJIURPYLHZKH
ZHQWRQKLVURDGDQGZLWKDOXVW\VWULGHVRRQWUDYHUVHGWKH
VSDFHRIWZROHDJXHV7KHQKHUHVWHGKHPXVWEHQHDU
&KDSHOOHHQ6HUYDOZKHUHKHSUHWHQGHGWREHJRLQJ,WZDV
QRWIDWLJXHWKDWVWD\HG$QGUHDKHUHLWZDVWKDWKHPLJKW
IRUPVRPHUHVROXWLRQDGRSWVRPHSODQ,WZRXOGEH
LPSRVVLEOHWRPDNHXVHRIDGLOLJHQFHHTXDOO\VRWRHQJDJH
SRVWKRUVHVWRWUDYHOHLWKHUZD\DSDVVSRUWZDVQHFHVVDU\
,WZDVVWLOOPRUHLPSRVVLEOHWRUHPDLQLQWKHGHSDUWPHQWRI
WKH2LVHRQHRIWKHPRVWRSHQDQGVWULFWO\JXDUGHGLQ
)UDQFHWKLVZDVTXLWHRXWRIWKHTXHVWLRQHVSHFLDOO\WRD
PDQOLNH$QGUHDSHUIHFWO\FRQYHUVDQWZLWKFULPLQDOPDWWHUV
+HVDWGRZQE\WKHVLGHRIWKHPRDWEXULHGKLVIDFHLQKLV

1211

KDQGVDQGUHIOHFWHG7HQPLQXWHVDIWHUKHUDLVHGKLVKHDG
KLVUHVROXWLRQZDVPDGH+HWKUHZVRPHGXVWRYHUWKH
WRSFRDWZKLFKKHKDGIRXQGWLPHWRXQKRRNIURPWKH
DQWHFKDPEHUDQGEXWWRQRYHUKLVEDOOFRVWXPHDQGJRLQJWR
&KDSHOOHHQ6HUYDOKHNQRFNHGORXGO\DWWKHGRRURIWKHRQO\
LQQLQWKHSODFH7KHKRVWRSHQHG0\IULHQGVDLG$QGUHD
,ZDVFRPLQJIURP0RQWHIRQWDLQHWR6HQOLVZKHQP\KRUVH
ZKLFKLVDWURXEOHVRPHFUHDWXUHVWXPEOHGDQGWKUHZPH,
PXVWUHDFK&RPSLHJQHWRQLJKWRU,VKDOOFDXVHGHHSDQ[LHW\
WRP\IDPLO\&RXOG\RXOHWPHKLUHDKRUVHRI\RX"
$QLQQNHHSHUKDVDOZD\VDKRUVHWROHWZKHWKHULWEHJRRG
RUEDG7KHKRVWFDOOHGWKHVWDEOHER\DQGRUGHUHGKLPWR
VDGGOH:KLWH\WKHQKHDZRNHKLVVRQDFKLOGRIVHYHQ
\HDUVZKRPKHRUGHUHGWRULGHEHIRUHWKHJHQWOHPDQDQG
EULQJEDFNWKHKRUVH$QGUHDJDYHWKHLQQNHHSHUWZHQW\
IUDQFVDQGLQWDNLQJWKHPIURPKLVSRFNHWGURSSHGD
YLVLWLQJFDUG7KLVEHORQJHGWRRQHRIKLVIULHQGVDWWKH
&DIHGH3DULVVRWKDWWKHLQQNHHSHUSLFNLQJLWXSDIWHU
$QGUHDKDGOHIWZDVFRQYLQFHGWKDWKHKDGOHWKLVKRUVHWR
WKH&RXQWRI0DXOHRQ5XH6DLQW'RPLQLTXHWKDWEHLQJWKH
QDPHDQGDGGUHVVRQWKHFDUG:KLWH\ZDVQRWDIDVW
DQLPDOEXWKHNHSWXSDQHDV\VWHDG\SDFHLQWKUHHKRXUV
DQGDKDOI$QGUHDKDGWUDYHUVHGWKHQLQHOHDJXHVZKLFK
VHSDUDWHGKLPIURP&RPSLHJQHDQGIRXUR
FORFNVWUXFNDVKH
UHDFKHGWKHSODFHZKHUHWKHFRDFKHVVWRS7KHUHLVDQ
H[FHOOHQWWDYHUQDW&RPSLHJQHZHOOUHPHPEHUHGE\WKRVHZKR
KDYHHYHUEHHQWKHUH$QGUHDZKRKDGRIWHQVWD\HGWKHUHLQ
KLVULGHVDERXW3DULVUHFROOHFWHGWKH%HOODQG%RWWOHLQQ
KHWXUQHGDURXQGVDZWKHVLJQE\WKHOLJKWRIDUHIOHFWHG
ODPSDQGKDYLQJGLVPLVVHGWKHFKLOGJLYLQJKLPDOOWKH
VPDOOFRLQKHKDGDERXWKLPKHEHJDQNQRFNLQJDWWKHGRRU
YHU\UHDVRQDEO\FRQFOXGLQJWKDWKDYLQJQRZWKUHHRUIRXU
KRXUVEHIRUHKLPKHKDGEHVWIRUWLI\KLPVHOIDJDLQVWWKH
IDWLJXHVRIWKHPRUURZE\DVRXQGVOHHSDQGDJRRGVXSSHU$
ZDLWHURSHQHGWKHGRRU
0\IULHQGVDLG$QGUHD,KDYHEHHQGLQLQJDW
6DLQW-HDQDX%RLVDQGH[SHFWHGWRFDWFKWKHFRDFKZKLFK
SDVVHVE\DWPLGQLJKWEXWOLNHDIRRO,KDYHORVWP\ZD\
DQGKDYHEHHQZDONLQJIRUWKHODVWIRXUKRXUVLQWKHIRUHVW
6KRZPHLQWRRQHRIWKRVHSUHWW\OLWWOHURRPVZKLFKRYHUORRN
WKHFRXUWDQGEULQJPHDFROGIRZODQGDERWWOHRI
%RUGHDX[7KHZDLWHUKDGQRVXVSLFLRQV$QGUHDVSRNHZLWK

1212

SHUIHFWFRPSRVXUHKHKDGDFLJDULQKLVPRXWKDQGKLV
KDQGVLQWKHSRFNHWRIKLVWRSFRDWKLVFORWKHVZHUH
IDVKLRQDEO\PDGHKLVFKLQVPRRWKKLVERRWVLUUHSURDFKDEOH
KHORRNHGPHUHO\DVLIKHKDGVWD\HGRXWYHU\ODWHWKDWZDV
DOO:KLOHWKHZDLWHUZDVSUHSDULQJKLVURRPWKHKRVWHVV
DURVH$QGUHDDVVXPHGKLVPRVWFKDUPLQJVPLOHDQGDVNHGLI
KHFRXOGKDYH1RZKLFKKHKDGRFFXSLHGRQKLVODVWVWD\
DW&RPSLHJQH8QIRUWXQDWHO\1RZDVHQJDJHGE\D\RXQJ
PDQZKRZDVWUDYHOOLQJZLWKKLVVLVWHU$QGUHDDSSHDUHGLQ
GHVSDLUEXWFRQVROHGKLPVHOIZKHQWKHKRVWHVVDVVXUHGKLP
WKDW1RSUHSDUHGIRUKLPZDVVLWXDWHGSUHFLVHO\WKH
VDPHDV1RDQGZKLOHZDUPLQJKLVIHHWDQGFKDWWLQJDERXW
WKHODVWUDFHVDW&KDQWLOO\KHZDLWHGXQWLOWKH\DQQRXQFHG
KLVURRPWREHUHDG\
$QGUHDKDGQRWVSRNHQZLWKRXWFDXVHRIWKHSUHWW\URRPV
ORRNLQJRXWXSRQWKHFRXUWRIWKH%HOO7DYHUQZKLFKZLWK
LWVWULSOHJDOOHULHVOLNHWKRVHRIDWKHDWUHZLWKWKH
MHVVDPLQHDQGFOHPDWLVWZLQLQJURXQGWKHOLJKWFROXPQV
IRUPVRQHRIWKHSUHWWLHVWHQWUDQFHVWRDQLQQWKDW\RXFDQ
LPDJLQH7KHIRZOZDVWHQGHUWKHZLQHROGWKHILUHFOHDU
DQGVSDUNOLQJDQG$QGUHDZDVVXUSULVHGWRILQGKLPVHOI
HDWLQJZLWKDVJRRGDQDSSHWLWHDVWKRXJKQRWKLQJKDG
KDSSHQHG7KHQEHZHQWWREHGDQGDOPRVWLPPHGLDWHO\IHOO
LQWRWKDWGHHSVOHHSZKLFKLVVXUHWRYLVLWPHQRIWZHQW\
\HDUVRIDJHHYHQZKHQWKH\DUHWRUQZLWKUHPRUVH1RZ
KHUHZHDUHREOLJHGWRRZQWKDW$QGUHDRXJKWWRKDYHIHOW
UHPRUVHEXWWKDWKHGLGQRW7KLVZDVWKHSODQZKLFKKDG
DSSHDOHGWRKLPWRDIIRUGWKHEHVWFKDQFHRIKLVVHFXULW\
%HIRUHGD\EUHDNKHZRXOGDZDNHOHDYHWKHLQQDIWHU
ULJRURXVO\SD\LQJKLVELOODQGUHDFKLQJWKHIRUHVWKH
ZRXOGXQGHUSUHVHQFHRIPDNLQJVWXGLHVLQSDLQWLQJWHVW
WKHKRVSLWDOLW\RIVRPHSHDVDQWVSURFXUHKLPVHOIWKHGUHVV
RIDZRRGFXWWHUDQGDKDWFKHWFDVWLQJRIIWKHOLRQ
VVNLQ
WRDVVXPHWKDWRIWKHZRRGPDQWKHQZLWKKLVKDQGVFRYHUHG
ZLWKGLUWKLVKDLUGDUNHQHGE\PHDQVRIDOHDGHQFRPEKLV
FRPSOH[LRQHPEURZQHGZLWKDSUHSDUDWLRQIRUZKLFKRQHRIKLV
ROGFRPUDGHVKDGJLYHQKLPWKHUHFLSHKHLQWHQGHGE\
IROORZLQJWKHZRRGHGGLVWULFWVWRUHDFKWKHQHDUHVW
IURQWLHUZDONLQJE\QLJKWDQGVOHHSLQJLQWKHGD\LQWKH
IRUHVWVDQGTXDUULHVDQGRQO\HQWHULQJLQKDELWHGUHJLRQVWR
EX\DORDIIURPWLPHWRWLPH
2QFHSDVWWKHIURQWLHU$QGUHDSURSRVHGPDNLQJPRQH\RIKLV

1213

GLDPRQGVDQGE\XQLWLQJWKHSURFHHGVWRWHQEDQNQRWHVKH
DOZD\VFDUULHGDERXWZLWKKLPLQFDVHRIDFFLGHQWKHZRXOG
WKHQILQGKLPVHOISRVVHVVRURIDERXWOLYUHVZKLFKKH
SKLORVRSKLFDOO\FRQVLGHUHGDVQRYHU\GHSORUDEOHFRQGLWLRQ
DIWHUDOO0RUHRYHUKHUHFNRQHGPXFKRQWKHLQWHUHVWRIWKH
'DQJODUVWRKXVKXSWKHUXPRURIWKHLURZQPLVDGYHQWXUHV
7KHVHZHUHWKHUHDVRQVZKLFKDGGHGWRWKHIDWLJXHFDXVHG
$QGUHDWRVOHHSVRVRXQGO\,QRUGHUWKDWKHPLJKWDZDNHQ
HDUO\KHGLGQRWFORVHWKHVKXWWHUVEXWFRQWHQWHGKLPVHOI
ZLWKEROWLQJWKHGRRUDQGSODFLQJRQWKHWDEOHDQXQFODVSHG
DQGORQJSRLQWHGNQLIHZKRVHWHPSHUKHZHOONQHZDQGZKLFK
ZDVQHYHUDEVHQWIURPKLP$ERXWVHYHQLQWKHPRUQLQJ$QGUHD
ZDVDZDNHQHGE\DUD\RIVXQOLJKWZKLFKSOD\HGZDUPDQG
EULOOLDQWXSRQKLVIDFH,QDOOZHOORUJDQL]HGEUDLQVWKH
SUHGRPLQDWLQJLGHDDQGWKHUHDOZD\VLVRQHLVVXUHWR
EHWKHODVWWKRXJKWEHIRUHVOHHSLQJDQGWKHILUVWXSRQ
ZDNLQJLQWKHPRUQLQJ$QGUHDKDGVFDUFHO\RSHQHGKLVH\HV
ZKHQKLVSUHGRPLQDWLQJLGHDSUHVHQWHGLWVHOIDQGZKLVSHUHG
LQKLVHDUWKDWKHKDGVOHSWWRRORQJ+HMXPSHGRXWRIEHG
DQGUDQWRWKHZLQGRZ$JHQGDUPHZDVFURVVLQJWKHFRXUW$
JHQGDUPHLVRQHRIWKHPRVWVWULNLQJREMHFWVLQWKHZRUOG
HYHQWRDPDQYRLGRIXQHDVLQHVVEXWIRURQHZKRKDVD
WLPLGFRQVFLHQFHDQGZLWKJRRGFDXVHWRRWKH\HOORZEOXH
DQGZKLWHXQLIRUPLVUHDOO\YHU\DODUPLQJ
:K\LVWKDWJHQGDUPHWKHUH"DVNHG$QGUHDRIKLPVHOI7KHQ
DOODWRQFHKHUHSOLHGZLWKWKDWORJLFZKLFKWKHUHDGHU
KDVGRXEWOHVVUHPDUNHGLQKLP7KHUHLVQRWKLQJ
DVWRQLVKLQJLQVHHLQJDJHQGDUPHDWDQLQQLQVWHDGRIEHLQJ
DVWRQLVKHGOHWPHGUHVVP\VHOI$QGWKH\RXWKGUHVVHG
KLPVHOIZLWKDIDFLOLW\KLVYDOHWGHFKDPEUHKDGIDLOHGWR
UREKLPRIGXULQJWKHWZRPRQWKVRIIDVKLRQDEOHOLIHKHKDG
OHGLQ3DULV1RZWKHQVDLG$QGUHDZKLOHGUHVVLQJ
KLPVHOI,
OOZDLWWLOOKHOHDYHVDQGWKHQ,
OOVOLS
DZD\$QGVD\LQJWKLV$QGUHDZKRKDGQRZSXWRQKLV
ERRWVDQGFUDYDWVWROHJHQWO\WRWKHZLQGRZDQGDVHFRQG
WLPHOLIWHGXSWKHPXVOLQFXUWDLQ1RWRQO\ZDVWKHILUVW
JHQGDUPHVWLOOWKHUHEXWWKH\RXQJPDQQRZSHUFHLYHGD
VHFRQG\HOORZEOXHDQGZKLWHXQLIRUPDWWKHIRRWRIWKH
VWDLUFDVHWKHRQO\RQHE\ZKLFKKHFRXOGGHVFHQGZKLOHD
WKLUGRQKRUVHEDFNKROGLQJDPXVNHWLQKLVILVWZDV
SRVWHGDVDVHQWLQHODWWKHJUHDWVWUHHWGRRUZKLFKDORQH
DIIRUGHGWKHPHDQVRIHJUHVV

1214

7KHDSSHDUDQFHRIWKHWKLUGJHQGDUPHVHWWOHGWKHPDWWHUIRU
DFURZGRIFXULRXVORXQJHUVZDVH[WHQGHGEHIRUHKLP
HIIHFWXDOO\EORFNLQJWKHHQWUDQFHWRWKHKRWHO7KH\
UH
DIWHUPHZDV$QGUHD
VILUVWWKRXJKW7KHGHYLO$SDOORU
RYHUVSUHDGWKH\RXQJPDQ
VIRUHKHDGDQGKHORRNHGDURXQG
KLPZLWKDQ[LHW\+LVURRPOLNHDOOWKRVHRQWKHVDPH
IORRUKDGEXWRQHRXWOHWWRWKHJDOOHU\LQWKHVLJKWRI
HYHU\ERG\,DPORVWZDVKLVVHFRQGWKRXJKWDQGLQGHHG
IRUDPDQLQ$QGUHD
VVLWXDWLRQDQDUUHVWPHDQWWKH
DVVL]HVWULDODQGGHDWKGHDWKZLWKRXWPHUF\RUGHOD\
)RUDPRPHQWKHFRQYXOVLYHO\SUHVVHGKLVKHDGZLWKLQKLV
KDQGVDQGGXULQJWKDWEULHISHULRGKHEHFDPHQHDUO\PDG
ZLWKWHUURUEXWVRRQDUD\RIKRSHJOLPPHUHGLQWKH
PXOWLWXGHRIWKRXJKWVZKLFKEHZLOGHUHGKLVPLQGDQGDIDLQW
VPLOHSOD\HGXSRQKLVZKLWHOLSVDQGSDOOLGFKHHNV+H
ORRNHGDURXQGDQGVDZWKHREMHFWVRIKLVVHDUFKXSRQWKH
FKLPQH\SLHFHWKH\ZHUHDSHQLQNDQGSDSHU:LWKIRUFHG
FRPSRVXUHKHGLSSHGWKHSHQLQWKHLQNDQGZURWHWKH
IROORZLQJOLQHVXSRQDVKHHWRISDSHU
,KDYHQRPRQH\WRSD\P\ELOOEXW,DPQRWDGLVKRQHVW
PDQ,OHDYHEHKLQGPHDVDSOHGJHWKLVSLQZRUWKWHQWLPHV
WKHDPRXQW,VKDOOEHH[FXVHGIRUOHDYLQJDWGD\EUHDNIRU
,ZDVDVKDPHG
+HWKHQGUHZWKHSLQIURPKLVFUDYDWDQGSODFHGLWRQWKH
SDSHU7KLVGRQHLQVWHDGRIOHDYLQJWKHGRRUIDVWHQHGKH
GUHZEDFNWKHEROWVDQGHYHQSODFHGWKHGRRUDMDUDVWKRXJK
KHKDGOHIWWKHURRPIRUJHWWLQJWRFORVHLWDQGVOLSSLQJ
LQWRWKHFKLPQH\OLNHDPDQDFFXVWRPHGWRWKDWNLQGRI
J\PQDVWLFH[HUFLVHKDYLQJHIIDFHGWKHPDUNVRIKLVIHHW
XSRQWKHIORRUKHFRPPHQFHGFOLPELQJWKHRQO\RSHQLQJZKLFK
DIIRUGHGKLPWKHPHDQVRIHVFDSH$WWKLVSUHFLVHWLPHWKH
ILUVWJHQGDUPH$QGUHDKDGQRWLFHGZDONHGXSVWDLUVSUHFHGHG
E\WKHFRPPLVVDU\RISROLFHDQGVXSSRUWHGE\WKHVHFRQG
JHQGDUPHZKRJXDUGHGWKHVWDLUFDVHDQGZDVKLPVHOI
UHHQIRUFHGE\WKHRQHVWDWLRQHGDWWKHGRRU
$QGUHDZDVLQGHEWHGIRUWKLVYLVLWWRWKHIROORZLQJ
FLUFXPVWDQFHV$WGD\EUHDNWKHWHOHJUDSKVZHUHVHWDWZRUN
LQDOOGLUHFWLRQVDQGDOPRVWLPPHGLDWHO\WKHDXWKRULWLHVLQ
HYHU\GLVWULFWKDGH[HUWHGWKHLUXWPRVWHQGHDYRUVWRDUUHVW
WKHPXUGHUHURI&DGHURXVVH&RPSLHJQHWKDWUR\DOUHVLGHQFH
DQGIRUWLILHGWRZQLVZHOOIXUQLVKHGZLWKDXWKRULWLHV

1215

JHQGDUPHVDQGFRPPLVVDULHVRISROLFHWKH\WKHUHIRUHEHJDQ
RSHUDWLRQVDVVRRQDVWKHWHOHJUDSKLFGHVSDWFKDUULYHGDQG
WKH%HOODQG%RWWOHEHLQJWKHEHVWNQRZQKRWHOLQWKHWRZQ
WKH\KDGQDWXUDOO\GLUHFWHGWKHLUILUVWLQTXLULHVWKHUH
1RZEHVLGHVWKHUHSRUWVRIWKHVHQWLQHOVJXDUGLQJWKH+RWHO
GH9LOOHZKLFKLVQH[WGRRUWRWKH%HOODQG%RWWOHLWKDG
EHHQVWDWHGE\RWKHUVWKDWDQXPEHURIWUDYHOOHUVKDG
DUULYHGGXULQJWKHQLJKW7KHVHQWLQHOZKRZDVUHOLHYHGDW
VL[R
FORFNLQWKHPRUQLQJUHPHPEHUHGSHUIHFWO\WKDWMXVW
DVKHZDVWDNLQJKLVSRVWDIHZPLQXWHVSDVWIRXUD\RXQJ
PDQDUULYHGRQKRUVHEDFNZLWKDOLWWOHER\EHIRUHKLP7KH
\RXQJPDQKDYLQJGLVPLVVHGWKHER\DQGKRUVHNQRFNHGDW
WKHGRRURIWKHKRWHOZKLFKZDVRSHQHGDQGDJDLQFORVHG
DIWHUKLVHQWUDQFH7KLVODWHDUULYDOKDGDWWUDFWHGPXFK
VXVSLFLRQDQGWKH\RXQJPDQEHLQJQRRWKHUWKDQ$QGUHDWKH
FRPPLVVDU\DQGJHQGDUPHZKRZDVDEULJDGLHUGLUHFWHGWKHLU
VWHSVWRZDUGVKLVURRP
7KH\IRXQGWKHGRRUDMDU2KKRVDLGWKHEULJDGLHUZKR
WKRURXJKO\XQGHUVWRRGWKHWULFNDEDGVLJQWRILQGWKH
GRRURSHQ,ZRXOGUDWKHUILQGLWWULSO\EROWHG$QG
LQGHHGWKHOLWWOHQRWHDQGSLQXSRQWKHWDEOHFRQILUPHGRU
UDWKHUFRUURERUDWHGWKHVDGWUXWK$QGUHDKDGIOHG:HVD\
FRUURERUDWHGEHFDXVHWKHEULJDGLHUZDVWRRH[SHULHQFHGWR
EHFRQYLQFHGE\DVLQJOHSURRI+HJODQFHGDURXQGORRNHGLQ
WKHEHGVKRRNWKHFXUWDLQVRSHQHGWKHFORVHWVDQGILQDOO\
VWRSSHGDWWKHFKLPQH\$QGUHDKDGWDNHQWKHSUHFDXWLRQWR
OHDYHQRWUDFHVRIKLVIHHWLQWKHDVKHVEXWVWLOOLWZDV
DQRXWOHWDQGLQWKLVOLJKWZDVQRWWREHSDVVHGRYHU
ZLWKRXWVHULRXVLQYHVWLJDWLRQ
7KHEULJDGLHUVHQWIRUVRPHVWLFNVDQGVWUDZDQGKDYLQJ
ILOOHGWKHFKLPQH\ZLWKWKHPVHWDOLJKWWRLW7KHILUH
FUDFNOHGDQGWKHVPRNHDVFHQGHGOLNHWKHGXOOYDSRUIURPD
YROFDQREXWVWLOOQRSULVRQHUIHOOGRZQDVWKH\H[SHFWHG
7KHIDFWZDVWKDW$QGUHDDWZDUZLWKVRFLHW\HYHUVLQFH
KLV\RXWKZDVTXLWHDVGHHSDVDJHQGDUPHHYHQWKRXJKKH
ZHUHDGYDQFHGWRWKHUDQNRIEULJDGLHUDQGTXLWHSUHSDUHG
IRUWKHILUHKHKDGFOLPEHGRXWRQWKHURRIDQGZDV
FURXFKLQJGRZQDJDLQVWWKHFKLPQH\SRWV$WRQHWLPHKH
WKRXJKWKHZDVVDYHGIRUKHKHDUGWKHEULJDGLHUH[FODLPLQ
DORXGYRLFHWRWKHWZRJHQGDUPHV+HLVQRWKHUH%XW
YHQWXULQJWRSHHSKHSHUFHLYHGWKDWWKHODWWHULQVWHDGRI

1216

UHWLULQJDVPLJKWKDYHEHHQUHDVRQDEO\H[SHFWHGXSRQWKLV
DQQRXQFHPHQWZHUHZDWFKLQJZLWKLQFUHDVHGDWWHQWLRQ
,WZDVQRZKLVWXUQWRORRNDERXWKLPWKH+RWHOGH9LOOHD
PDVVLYHVL[WHHQWKFHQWXU\EXLOGLQJZDVRQKLVULJKWDQ\
RQHFRXOGGHVFHQGIURPWKHRSHQLQJVLQWKHWRZHUDQG
H[DPLQHHYHU\FRUQHURIWKHURRIEHORZDQG$QGUHDH[SHFWHG
PRPHQWDULO\WRVHHWKHKHDGRIDJHQGDUPHDSSHDUDWRQHRI
WKHVHRSHQLQJV,IRQFHGLVFRYHUHGKHNQHZKHZRXOGEH
ORVWIRUWKHURRIDIIRUGHGQRFKDQFHRIHVFDSHKH
WKHUHIRUHUHVROYHGWRGHVFHQGQRWWKURXJKWKHVDPHFKLPQH\
E\ZKLFKKHKDGFRPHXSEXWE\DVLPLODURQHFRQGXFWLQJWR
DQRWKHUURRP+HORRNHGDURXQGIRUDFKLPQH\IURPZKLFKQR
VPRNHLVVXHGDQGKDYLQJUHDFKHGLWKHGLVDSSHDUHGWKURXJK
WKHRULILFHZLWKRXWEHLQJVHHQE\DQ\RQH$WWKHVDPH
PLQXWHRQHRIWKHOLWWOHZLQGRZVRIWKH+RWHOGH9LOOHZDV
WKURZQRSHQDQGWKHKHDGRIDJHQGDUPHDSSHDUHG)RUDQ
LQVWDQWLWUHPDLQHGPRWLRQOHVVDVRQHRIWKHVWRQH
GHFRUDWLRQVRIWKHEXLOGLQJWKHQDIWHUDORQJVLJKRI
GLVDSSRLQWPHQWWKHKHDGGLVDSSHDUHG7KHEULJDGLHUFDOPDQG
GLJQLILHGDVWKHODZKHUHSUHVHQWHGSDVVHGWKURXJKWKH
FURZGZLWKRXWDQVZHULQJWKHWKRXVDQGTXHVWLRQVDGGUHVVHGWR
KLPDQGUHHQWHUHGWKHKRWHO
:HOO"DVNHGWKHWZRJHQGDUPHV
:HOOP\ER\VVDLGWKHEULJDGLHUWKHEULJDQGPXVW
UHDOO\KDYHHVFDSHGHDUO\WKLVPRUQLQJEXWZHZLOOVHQGWR
WKH9LOOHUV&RWHUHWVDQG1R\RQURDGVDQGVHDUFKWKHIRUHVW
ZKHQZHVKDOOFDWFKKLPQRGRXEW7KHKRQRUDEOH
IXQFWLRQDU\KDGVFDUFHO\H[SUHVVHGKLPVHOIWKXVLQWKDW
LQWRQDWLRQZKLFKLVSHFXOLDUWREULJDGLHUVRIWKH
JHQGDUPHULHZKHQDORXGVFUHDPDFFRPSDQLHGE\WKHYLROHQW
ULQJLQJRIDEHOOUHVRXQGHGWKURXJKWKHFRXUWRIWKHKRWHO
$KZKDWLVWKDW"FULHGWKHEULJDGLHU
6RPHWUDYHOOHUVHHPVLPSDWLHQWVDLGWKHKRVW:KDW
QXPEHUZDVLWWKDWUDQJ"
1XPEHU
5XQZDLWHU$WWKLVPRPHQWWKHVFUHDPVDQGULQJLQJZHUH
UHGRXEOHG$KVDLGWKHEULJDGLHUVWRSSLQJWKHVHUYDQW
WKHSHUVRQZKRLVULQJLQJDSSHDUVWRZDQWVRPHWKLQJPRUH

1217

WKDQDZDLWHUZHZLOODWWHQGXSRQKLPZLWKDJHQGDUPH:KR
RFFXSLHV1XPEHU"
7KHOLWWOHIHOORZZKRDUULYHGODVWQLJKWLQDSRVWFKDLVH
ZLWKKLVVLVWHUDQGZKRDVNHGIRUDQDSDUWPHQWZLWKWZR
EHGV7KHEHOOKHUHUDQJIRUWKHWKLUGWLPHZLWKDQRWKHU
VKULHNRIDQJXLVK
)ROORZPH0U&RPPLVVDU\VDLGWKHEULJDGLHUWUHDGLQ
P\VWHSV
:DLWDQLQVWDQWVDLGWKHKRVW1XPEHUKDVWZR
VWDLUFDVHVLQVLGHDQGRXWVLGH
*RRGVDLGWKHEULJDGLHU,ZLOOWDNHFKDUJHRIWKH
LQVLGHRQH$UHWKHFDUELQHVORDGHG"
<HVEULJDGLHU
:HOO\RXJXDUGWKHH[WHULRUDQGLIKHDWWHPSWVWRIO\
ILUHXSRQKLPKHPXVWEHDJUHDWFULPLQDOIURPZKDWWKH
WHOHJUDSKVD\V
7KHEULJDGLHUIROORZHGE\WKHFRPPLVVDU\GLVDSSHDUHGE\
WKHLQVLGHVWDLUFDVHDFFRPSDQLHGE\WKHQRLVHZKLFKKLV
DVVHUWLRQVUHVSHFWLQJ$QGUHDKDGH[FLWHGLQWKHFURZG7KLV
LVZKDWKDGKDSSHQHG$QGUHDKDGYHU\FOHYHUO\PDQDJHGWR
GHVFHQGWZRWKLUGVRIWKHFKLPQH\EXWWKHQKLVIRRW
VOLSSHGDQGQRWZLWKVWDQGLQJKLVHQGHDYRUVKHFDPHLQWRWKH
URRPZLWKPRUHVSHHGDQGQRLVHWKDQKHLQWHQGHG,WZRXOG
KDYHVLJQLILHGOLWWOHKDGWKHURRPEHHQHPSW\EXW
XQIRUWXQDWHO\LWZDVRFFXSLHG7ZRODGLHVVOHHSLQJLQRQH
EHGZHUHDZDNHQHGE\WKHQRLVHDQGIL[LQJWKHLUH\HVXSRQ
WKHVSRWZKHQFHWKHVRXQGSURFHHGHGWKH\VDZDPDQ2QHRI
WKHVHODGLHVWKHIDLURQHXWWHUHGWKRVHWHUULEOHVKULHNV
ZKLFKUHVRXQGHGWKURXJKWKHKRXVHZKLOHWKHRWKHUUXVKLQJ
WRWKHEHOOURSHUDQJZLWKDOOKHUVWUHQJWK$QGUHDDVZH
FDQVHHZDVVXUURXQGHGE\PLVIRUWXQH
)RUSLW\
VVDNHKHFULHGSDOHDQGEHZLOGHUHGZLWKRXW
VHHLQJZKRPKHZDVDGGUHVVLQJIRUSLW\
VVDNHGRQRW
FDOODVVLVWDQFH6DYHPH,ZLOOQRWKDUP\RX
$QGUHDWKHPXUGHUHUFULHGRQHRIWKHODGLHV

1218

(XJHQLH0DGHPRLVHOOH'DQJODUVH[FODLPHG$QGUHD
VWXSHILHG
+HOSKHOSFULHG0DGHPRLVHOOHG
$UPLOO\WDNLQJWKHEHOO
IURPKHUFRPSDQLRQ
VKDQGDQGULQJLQJLW\HWPRUH
YLROHQWO\6DYHPH,DPSXUVXHGVDLG$QGUHDFODVSLQJ
KLVKDQGV)RUSLW\IRUPHUF\
VVDNHGRQRWGHOLYHUPH
XS
,WLVWRRODWHWKH\DUHFRPLQJVDLG(XJHQLH
:HOOFRQFHDOPHVRPHZKHUH\RXFDQVD\\RXZHUHQHHGOHVVO\
DODUPHG\RXFDQWXUQWKHLUVXVSLFLRQVDQGVDYHP\OLIH
7KHWZRODGLHVSUHVVLQJFORVHO\WRRQHDQRWKHUDQGGUDZLQJ
WKHEHGFORWKHVWLJKWO\DURXQGWKHPUHPDLQHGVLOHQWWRWKLV
VXSSOLFDWLQJYRLFHUHSXJQDQFHDQGIHDUWDNLQJSRVVHVVLRQRI
WKHLUPLQGV
:HOOEHLWVRDWOHQJWKVDLG(XJHQLHUHWXUQE\WKH
VDPHURDG\RXFDPHDQGZHZLOOVD\QRWKLQJDERXW\RX
XQKDSS\ZUHWFK
+HUHKHLVKHUHKHLVFULHGDYRLFHIURPWKHODQGLQJ
KHUHKHLV,VHHKLP7KHEULJDGLHUKDGSXWKLVH\HWR
WKHNH\KROHDQGKDGGLVFRYHUHG$QGUHDLQDSRVWXUHRI
HQWUHDW\$YLROHQWEORZIURPWKHEXWWHQGRIWKHPXVNHW
EXUVWRSHQWKHORFNWZRPRUHIRUFHGRXWWKHEROWVDQGWKH
EURNHQGRRUIHOOLQ$QGUHDUDQWRWKHRWKHUGRRUOHDGLQJ
WRWKHJDOOHU\UHDG\WRUXVKRXWEXWKHZDVVWRSSHGVKRUW
DQGKHVWRRGZLWKKLVERG\DOLWWOHWKURZQEDFNSDOHDQG
ZLWKWKHXVHOHVVNQLIHLQKLVFOLQFKHGKDQG
)O\WKHQFULHG0DGHPRLVHOOHG
$UPLOO\ZKRVHSLW\
UHWXUQHGDVKHUIHDUVGLPLQLVKHGIO\
2UNLOO\RXUVHOIVDLG(XJHQLH LQDWRQHZKLFKD9HVWDO
LQWKHDPSKLWKHDWUHZRXOGKDYHXVHGZKHQXUJLQJWKH
YLFWRULRXVJODGLDWRUWRILQLVKKLVYDQTXLVKHGDGYHUVDU\ 
$QGUHDVKXGGHUHGDQGORRNHGRQWKH\RXQJJLUOZLWKDQ
H[SUHVVLRQZKLFKSURYHGKRZOLWWOHKHXQGHUVWRRGVXFK
IHURFLRXVKRQRU.LOOP\VHOI"KHFULHGWKURZLQJGRZQKLV
NQLIHZK\VKRXOG,GRVR"

1219

:K\\RXVDLGDQVZHUHG0DGHPRLVHOOH'DQJODUVWKDW\RX
ZRXOGEHFRQGHPQHGWRGLHOLNHWKHZRUVWFULPLQDOV
%DKVDLG&DYDOFDQWLFURVVLQJKLVDUPVRQHKDV
IULHQGV
7KHEULJDGLHUDGYDQFHGWRKLPVZRUGLQKDQG&RPHFRPH
VDLG$QGUHDVKHDWKH\RXUVZRUGP\ILQHIHOORZWKHUHLV
QRRFFDVLRQWRPDNHVXFKDIXVVVLQFH,JLYHP\VHOIXS
DQGKHKHOGRXWKLVKDQGVWREHPDQDFOHG7KHJLUOVORRNHG
ZLWKKRUURUXSRQWKLVVKDPHIXOPHWDPRUSKRVLVWKHPDQRIWKH
ZRUOGVKDNLQJRIIKLVFRYHULQJDQGDSSHDULQJDVD
JDOOH\VODYH$QGUHDWXUQHGWRZDUGVWKHPDQGZLWKDQ
LPSHUWLQHQWVPLOHDVNHG+DYH\RXDQ\PHVVDJHIRU\RXU
IDWKHU0DGHPRLVHOOH'DQJODUVIRULQDOOSUREDELOLW\,
VKDOOUHWXUQWR3DULV"
(XJHQLHFRYHUHGKHUIDFHZLWKKHUKDQGV2KKRVDLG
$QGUHD\RXQHHGQRWEHDVKDPHGHYHQWKRXJK\RXGLGSRVW
DIWHUPH:DV,QRWQHDUO\\RXUKXVEDQG"
$QGZLWKWKLVUDLOOHU\$QGUHDZHQWRXWOHDYLQJWKHWZR
JLUOVDSUH\WRWKHLURZQIHHOLQJVRIVKDPHDQGWRWKH
FRPPHQWVRIWKHFURZG$QKRXUDIWHUWKH\VWHSSHGLQWRWKHLU
FDODVKERWKGUHVVHGLQIHPLQLQHDWWLUH7KHJDWHRIWKH
KRWHOKDGEHHQFORVHGWRVFUHHQWKHPIURPVLJKWEXWWKH\
ZHUHIRUFHGZKHQWKHGRRUZDVRSHQWRSDVVWKURXJKD
WKURQJRIFXULRXVJODQFHVDQGZKLVSHULQJYRLFHV(XJHQLH
FORVHGKHUH\HVEXWWKRXJKVKHFRXOGQRWVHHVKHFRXOG
KHDUDQGWKHVQHHUVRIWKHFURZGUHDFKHGKHULQWKH
FDUULDJH2KZK\LVQRWWKHZRUOGDZLOGHUQHVV"VKH
H[FODLPHGWKURZLQJKHUVHOILQWRWKHDUPVRI0DGHPRLVHOOH
G
$UPLOO\KHUH\HVVSDUNOLQJZLWKWKHVDPHNLQGRIUDJH
ZKLFKPDGH1HURZLVKWKDWWKH5RPDQZRUOGKDGEXWRQHQHFN
WKDWKHPLJKWVHYHULWDWDVLQJOHEORZ7KHQH[WGD\WKH\
VWRSSHGDWWKH+RWHOGH)ODQGUHDW%UXVVHOV7KHVDPH
HYHQLQJ$QGUHDZDVLQFDUFHUDWHGLQWKH&RQFLHUJHULH

&KDSWHU
7KH/DZ

1220

:HKDYHVHHQKRZTXLHWO\0DGHPRLVHOOH'DQJODUVDQG
0DGHPRLVHOOHG
$UPLOO\DFFRPSOLVKHGWKHLUWUDQVIRUPDWLRQDQG
IOLJKWWKHIDFWEHLQJWKDWHYHU\RQHZDVWRRPXFKRFFXSLHG
LQKLVRUKHURZQDIIDLUVWRWKLQNRIWKHLUV:HZLOOOHDYH
WKHEDQNHUFRQWHPSODWLQJWKHHQRUPRXVPDJQLWXGHRIKLVGHEW
EHIRUHWKHSKDQWRPRIEDQNUXSWF\DQGIROORZWKHEDURQHVV
ZKRDIWHUEHLQJPRPHQWDULO\FUXVKHGXQGHUWKHZHLJKWRIWKH
EORZZKLFKKDGVWUXFNKHUKDGJRQHWRVHHNKHUXVXDO
DGYLVHU/XFLHQ'HEUD\7KHEDURQHVVKDGORRNHGIRUZDUGWR
WKLVPDUULDJHDVDPHDQVRIULGGLQJKHURIDJXDUGLDQVKLS
ZKLFKRYHUDJLUORI(XJHQLH
VFKDUDFWHUFRXOGQRWIDLOWR
EHUDWKHUDWURXEOHVRPHXQGHUWDNLQJIRULQWKHWDFLW
UHODWLRQVZKLFKPDLQWDLQWKHERQGRIIDPLO\XQLRQWKH
PRWKHUWRPDLQWDLQKHUDVFHQGDQF\RYHUKHUGDXJKWHUPXVW
QHYHUIDLOWREHDPRGHORIZLVGRPDQGDW\SHRISHUIHFWLRQ
1RZ0DGDPH'DQJODUVIHDUHG(XJHQLH
VVDJDFLW\DQGWKH
LQIOXHQFHRI0DGHPRLVHOOHG
$UPLOO\VKHKDGIUHTXHQWO\
REVHUYHGWKHFRQWHPSWXRXVH[SUHVVLRQZLWKZKLFKKHUGDXJKWHU
ORRNHGXSRQ'HEUD\DQH[SUHVVLRQZKLFKVHHPHGWRLPSO\
WKDWVKHXQGHUVWRRGDOOKHUPRWKHU
VDPRURXVDQGSHFXQLDU\
UHODWLRQVKLSVZLWKWKHLQWLPDWHVHFUHWDU\PRUHRYHUVKHVDZ
WKDW(XJHQLHGHWHVWHG'HEUD\QRWRQO\EHFDXVHKHZDVD
VRXUFHRIGLVVHQVLRQDQGVFDQGDOXQGHUWKHSDWHUQDOURRI
EXWEHFDXVHVKHKDGDWRQFHFODVVHGKLPLQWKDWFDWDORJXHRI
ELSHGVZKRP3ODWRHQGHDYRUVWRZLWKGUDZIURPWKHDSSHOODWLRQ
RIPHQDQGZKRP'LRJHQHVGHVLJQDWHGDVDQLPDOVXSRQWZR
OHJVZLWKRXWIHDWKHUV
8QIRUWXQDWHO\LQWKLVZRUOGRIRXUVHDFKSHUVRQYLHZV
WKLQJVWKURXJKDFHUWDLQPHGLXPDQGVRLVSUHYHQWHGIURP
VHHLQJLQWKHVDPHOLJKWDVRWKHUVDQG0DGDPH'DQJODUV
WKHUHIRUHYHU\PXFKUHJUHWWHGWKDWWKHPDUULDJHRI(XJHQLH
KDGQRWWDNHQSODFHQRWRQO\EHFDXVHWKHPDWFKZDVJRRG
DQGOLNHO\WRLQVXUHWKHKDSSLQHVVRIKHUFKLOGEXWEHFDXVH
LWZRXOGDOVRVHWKHUDWOLEHUW\6KHUDQWKHUHIRUHWR
'HEUD\ZKRDIWHUKDYLQJOLNHWKHUHVWRI3DULVZLWQHVVHG
WKHFRQWUDFWVFHQHDQGWKHVFDQGDODWWHQGLQJLWKDGUHWLUHG
LQKDVWHWRKLVFOXEZKHUHKHZDVFKDWWLQJZLWKVRPH
IULHQGVXSRQWKHHYHQWVZKLFKVHUYHGDVDVXEMHFWRI
FRQYHUVDWLRQIRUWKUHHIRXUWKVRIWKDWFLW\NQRZQDVWKH
FDSLWDORIWKHZRUOG
$WWKHSUHFLVHWLPHZKHQ0DGDPH'DQJODUVGUHVVHGLQEODFN

1221

DQGFRQFHDOHGLQDORQJYHLOZDVDVFHQGLQJWKHVWDLUV
OHDGLQJWR'HEUD\
VDSDUWPHQWVQRWZLWKVWDQGLQJWKH
DVVXUDQFHVRIWKHFRQFLHUJHWKDWWKH\RXQJPDQZDVQRWDW
KRPH'HEUD\ZDVRFFXSLHGLQUHSHOOLQJWKHLQVLQXDWLRQV
RIDIULHQGZKRWULHGWRSHUVXDGHKLPWKDWDIWHUWKH
WHUULEOHVFHQHZKLFKKDGMXVWWDNHQSODFHKHRXJKWDVD
IULHQGRIWKHIDPLO\WRPDUU\0DGHPRLVHOOH'DQJODUVDQGKHU
WZRPLOOLRQV'HEUD\GLGQRWGHIHQGKLPVHOIYHU\ZDUPO\IRU
WKHLGHDKDGVRPHWLPHVFURVVHGKLVPLQGVWLOOZKHQKH
UHFROOHFWHGWKHLQGHSHQGHQWSURXGVSLULWRI(XJHQLHKH
SRVLWLYHO\UHMHFWHGLWDVXWWHUO\LPSRVVLEOHWKRXJKWKH
VDPHWKRXJKWDJDLQFRQWLQXDOO\UHFXUUHGDQGIRXQGD
UHVWLQJSODFHLQKLVKHDUW7HDSOD\DQGWKHFRQYHUVDWLRQ
ZKLFKKDGEHFRPHLQWHUHVWLQJGXULQJWKHGLVFXVVLRQRIVXFK
VHULRXVDIIDLUVODVWHGWLOORQHR
FORFNLQWKHPRUQLQJ
0HDQZKLOH0DGDPH'DQJODUVYHLOHGDQGXQHDV\DZDLWHGWKH
UHWXUQRI'HEUD\LQWKHOLWWOHJUHHQURRPVHDWHGEHWZHHQ
WZREDVNHWVRIIORZHUVZKLFKVKHKDGWKDWPRUQLQJVHQWDQG
ZKLFKLWPXVWEHFRQIHVVHG'HEUD\KDGKLPVHOIDUUDQJHGDQG
ZDWHUHGZLWKVRPXFKFDUHWKDWKLVDEVHQFHZDVKDOIH[FXVHG
LQWKHH\HVRIWKHSRRUZRPDQ
$WWZHQW\PLQXWHVRIWZHOYH0DGDPH'DQJODUVWLUHGRI
ZDLWLQJUHWXUQHGKRPH:RPHQRIDFHUWDLQJUDGHDUHOLNH
SURVSHURXVJULVHWWHVLQRQHUHVSHFWWKH\VHOGRPUHWXUQKRPH
DIWHUWZHOYHR
FORFN7KHEDURQHVVUHWXUQHGWRWKHKRWHO
ZLWKDVPXFKFDXWLRQDV(XJHQLHXVHGLQOHDYLQJLWVKHUDQ
OLJKWO\XSVWDLUVDQGZLWKDQDFKLQJKHDUWHQWHUHGKHU
DSDUWPHQWFRQWLJXRXVDVZHNQRZWRWKDWRI(XJHQLH6KH
ZDVIHDUIXORIH[FLWLQJDQ\UHPDUNDQGEHOLHYHGILUPO\LQ
KHUGDXJKWHU
VLQQRFHQFHDQGILGHOLW\WRWKHSDWHUQDOURRI
6KHOLVWHQHGDW(XJHQLH
VGRRUDQGKHDULQJQRVRXQGWULHG
WRHQWHUEXWWKHEROWVZHUHLQSODFH0DGDPH'DQJODUVWKHQ
FRQFOXGHGWKDWWKH\RXQJJLUOKDGEHHQRYHUFRPHZLWKWKH
WHUULEOHH[FLWHPHQWRIWKHHYHQLQJDQGKDGJRQHWREHGDQG
WRVOHHS6KHFDOOHGWKHPDLGDQGTXHVWLRQHGKHU
0DGHPRLVHOOH(XJHQLHVDLGWKHPDLGUHWLUHGWRKHU
DSDUWPHQWZLWK0DGHPRLVHOOHG
$UPLOO\WKH\WKHQWRRNWHD
WRJHWKHUDIWHUZKLFKWKH\GHVLUHGPHWROHDYHVD\LQJWKDW
WKH\QHHGHGPHQRORQJHU6LQFHWKHQWKHPDLGKDGEHHQ
EHORZDQGOLNHHYHU\RQHHOVHVKHWKRXJKWWKH\RXQJODGLHV
ZHUHLQWKHLURZQURRP0DGDPH'DQJODUVWKHUHIRUHZHQWWR

1222

EHGZLWKRXWDVKDGRZRIVXVSLFLRQDQGEHJDQWRPXVHRYHU
WKHUHFHQWHYHQWV,QSURSRUWLRQDVKHUPHPRU\EHFDPH
FOHDUHUWKHRFFXUUHQFHVRIWKHHYHQLQJZHUHUHYHDOHGLQ
WKHLUWUXHOLJKWZKDWVKHKDGWDNHQIRUFRQIXVLRQZDVD
WXPXOWZKDWVKHKDGUHJDUGHGDVVRPHWKLQJGLVWUHVVLQJZDV
LQUHDOLW\DGLVJUDFH$QGWKHQWKHEDURQHVVUHPHPEHUHGWKDW
VKHKDGIHOWQRSLW\IRUSRRU0HUFHGHVZKRKDGEHHQ
DIIOLFWHGZLWKDVVHYHUHDEORZWKURXJKKHUKXVEDQGDQGVRQ
(XJHQLHVKHVDLGWRKHUVHOILVORVWDQGVRDUHZH7KH
DIIDLUDVLWZLOOEHUHSRUWHGZLOOFRYHUXVZLWKVKDPH
IRULQDVRFLHW\VXFKDVRXUVVDWLUHLQIOLFWVDSDLQIXODQG
LQFXUDEOHZRXQG+RZIRUWXQDWHWKDW(XJHQLHLVSRVVHVVHGRI
WKDWVWUDQJHFKDUDFWHUZKLFKKDVVRRIWHQPDGHPHWUHPEOH
$QGKHUJODQFHZDVWXUQHGWRZDUGVKHDYHQZKHUHDP\VWHULRXV
SURYLGHQFHGLVSRVHVDOOWKLQJVDQGRXWRIDIDXOWQD\
HYHQDYLFHVRPHWLPHVSURGXFHVDEOHVVLQJ$QGWKHQKHU
WKRXJKWVFOHDYLQJWKURXJKVSDFHOLNHDELUGLQWKHDLU
UHVWHGRQ&DYDOFDQWL7KLV$QGUHDZDVDZUHWFKDUREEHUDQ
DVVDVVLQDQG\HWKLVPDQQHUVVKRZHGWKHHIIHFWVRIDVRUW
RIHGXFDWLRQLIQRWDFRPSOHWHRQHKHKDGEHHQSUHVHQWHG
WRWKHZRUOGZLWKWKHDSSHDUDQFHRIDQLPPHQVHIRUWXQH
VXSSRUWHGE\DQKRQRUDEOHQDPH+RZFRXOGVKHH[WULFDWH
KHUVHOIIURPWKLVODE\ULQWK"7RZKRPZRXOGVKHDSSO\WRKHOS
KHURXWRIWKLVSDLQIXOVLWXDWLRQ"'HEUD\WRZKRPVKHKDG
UXQZLWKWKHILUVWLQVWLQFWRIDZRPDQWRZDUGVWKHPDQVKH
ORYHVDQGZKR\HWEHWUD\VKHU'HEUD\FRXOGEXWJLYHKHU
DGYLFHVKHPXVWDSSO\WRVRPHRQHPRUHSRZHUIXOWKDQKH
7KHEDURQHVVWKHQWKRXJKWRI0GH9LOOHIRUW,WZDV0GH
9LOOHIRUWZKRKDGUHPRUVHOHVVO\EURXJKWPLVIRUWXQHLQWRKHU
IDPLO\DVWKRXJKWKH\KDGEHHQVWUDQJHUV%XWQRRQ
UHIOHFWLRQWKHSURFXUHXUZDVQRWDPHUFLOHVVPDQDQGLW
ZDVQRWWKHPDJLVWUDWHVODYHWRKLVGXWLHVEXWWKHIULHQG
WKHOR\DOIULHQGZKRURXJKO\EXWILUPO\FXWLQWRWKHYHU\
FRUHRIWKHFRUUXSWLRQLWZDVQRWWKHH[HFXWLRQHUEXWWKH
VXUJHRQZKRZLVKHGWRZLWKGUDZWKHKRQRURI'DQJODUVIURP
LJQRPLQLRXVDVVRFLDWLRQZLWKWKHGLVJUDFHG\RXQJPDQWKH\
KDGSUHVHQWHGWRWKHZRUOGDVWKHLUVRQLQODZ$QGVLQFH
9LOOHIRUWWKHIULHQGRI'DQJODUVKDGDFWHGLQWKLVZD\QR
RQHFRXOGVXSSRVHWKDWKHKDGEHHQSUHYLRXVO\DFTXDLQWHG
ZLWKRUKDGOHQWKLPVHOIWRDQ\RI$QGUHD
VLQWULJXHV
9LOOHIRUW
VFRQGXFWWKHUHIRUHXSRQUHIOHFWLRQDSSHDUHGWR
WKHEDURQHVVDVLIVKDSHGIRUWKHLUPXWXDODGYDQWDJH%XW

1223

WKHLQIOH[LELOLW\RIWKHSURFXUHXUVKRXOGVWRSWKHUHVKH
ZRXOGVHHKLPWKHQH[WGD\DQGLIVKHFRXOGQRWPDNHKLP
IDLOLQKLVGXWLHVDVDPDJLVWUDWHVKHZRXOGDWOHDVW
REWDLQDOOWKHLQGXOJHQFHKHFRXOGDOORZ6KHZRXOGLQYRNH
WKHSDVWUHFDOOROGUHFROOHFWLRQVVKHZRXOGVXSSOLFDWHKLP
E\WKHUHPHPEUDQFHRIJXLOW\\HWKDSS\GD\V0GH
9LOOHIRUWZRXOGVWLIOHWKHDIIDLUKHKDGRQO\WRWXUQKLV
H\HVRQRQHVLGHDQGDOORZ$QGUHDWRIO\DQGIROORZXSWKH
FULPHXQGHUWKDWVKDGRZRIJXLOWFDOOHGFRQWHPSWRIFRXUW
$QGDIWHUWKLVUHDVRQLQJVKHVOHSWHDVLO\
$WQLQHR
FORFNQH[WPRUQLQJVKHDURVHDQGZLWKRXWULQJLQJ
IRUKHUPDLGRUJLYLQJWKHOHDVWVLJQRIKHUDFWLYLW\VKH
GUHVVHGKHUVHOILQWKHVDPHVLPSOHVW\OHDVRQWKHSUHYLRXV
QLJKWWKHQUXQQLQJGRZQVWDLUVVKHOHIWWKHKRWHOZDONHG
WRWKH5XHGH3URYHQFHFDOOHGDFDEDQGGURYHWR0GH
9LOOHIRUW
VKRXVH)RUWKHODVWPRQWKWKLVZUHWFKHGKRXVH
KDGSUHVHQWHGWKHJORRP\DSSHDUDQFHRIDOD]DUHWWRLQIHFWHG
ZLWKWKHSODJXH6RPHRIWKHDSDUWPHQWVZHUHFORVHGZLWKLQ
DQGZLWKRXWWKHVKXWWHUVZHUHRQO\RSHQHGWRDGPLWD
PLQXWH
VDLUVKRZLQJWKHVFDUHGIDFHRIDIRRWPDQDQG
LPPHGLDWHO\DIWHUZDUGVWKHZLQGRZZRXOGEHFORVHGOLNHD
JUDYHVWRQHIDOOLQJRQDVHSXOFKUHDQGWKHQHLJKERUVZRXOG
VD\WRHDFKRWKHULQDORZYRLFH:LOOWKHUHEHDQRWKHU
IXQHUDOWRGD\DWWKHSURFXUHXU
VKRXVH"0DGDPH'DQJODUV
LQYROXQWDULO\VKXGGHUHGDWWKHGHVRODWHDVSHFWRIWKH
PDQVLRQGHVFHQGLQJIURPWKHFDEVKHDSSURDFKHGWKHGRRU
ZLWKWUHPEOLQJNQHHVDQGUDQJWKHEHOO7KUHHWLPHVGLGWKH
EHOOULQJZLWKDGXOOKHDY\VRXQGVHHPLQJWRSDUWLFLSDWH
LQWKHJHQHUDOVDGQHVVEHIRUHWKHFRQFLHUJHDSSHDUHGDQG
SHHSHGWKURXJKWKHGRRUZKLFKKHRSHQHGMXVWZLGHHQRXJKWR
DOORZKLVZRUGVWREHKHDUG+HVDZDODG\DIDVKLRQDEOH
HOHJDQWO\GUHVVHGODG\DQG\HWWKHGRRUUHPDLQHGDOPRVW
FORVHG
'R\RXLQWHQGRSHQLQJWKHGRRU"VDLGWKHEDURQHVV
)LUVWPDGDPHZKRDUH\RX"
:KRDP,"<RXNQRZPHZHOOHQRXJK
:HQRORQJHUNQRZDQ\RQHPDGDPH
<RXPXVWEHPDGP\IULHQGVDLGWKHEDURQHVV

1224

:KHUHGR\RXFRPHIURP"
2KWKLVLVWRRPXFK
0DGDPHWKHVHDUHP\RUGHUVH[FXVHPH<RXUQDPH"
7KHEDURQHVV'DQJODUV\RXKDYHVHHQPHWZHQW\WLPHV
3RVVLEO\PDGDPH$QGQRZZKDWGR\RXZDQW"
2KKRZH[WUDRUGLQDU\,VKDOOFRPSODLQWR0GH9LOOHIRUW
RIWKHLPSHUWLQHQFHRIKLVVHUYDQWV
0DGDPHWKLVLVSUHFDXWLRQQRWLPSHUWLQHQFHQRRQHHQWHUV
KHUHZLWKRXWDQRUGHUIURP0G
$YULJQ\RUZLWKRXWVSHDNLQJ
WRWKHSURFXUHXU
:HOO,KDYHEXVLQHVVZLWKWKHSURFXUHXU
,VLWSUHVVLQJEXVLQHVV"
<RXFDQLPDJLQHVRVLQFH,KDYHQRWHYHQEURXJKWP\
FDUULDJHRXW\HW%XWHQRXJKRIWKLVKHUHLVP\FDUG
WDNHLWWR\RXUPDVWHU
0DGDPHZLOODZDLWP\UHWXUQ"
<HVJR7KHFRQFLHUJHFORVHGWKHGRRUOHDYLQJ0DGDPH
'DQJODUVLQWKHVWUHHW6KHKDGQRWORQJWRZDLWGLUHFWO\
DIWHUZDUGVWKHGRRUZDVRSHQHGZLGHHQRXJKWRDGPLWKHUDQG
ZKHQVKHKDGSDVVHGWKURXJKLWZDVDJDLQVKXW:LWKRXW
ORVLQJVLJKWRIKHUIRUDQLQVWDQWWKHFRQFLHUJHWRRND
ZKLVWOHIURPKLVSRFNHWDVVRRQDVWKH\HQWHUHGWKHFRXUW
DQGEOHZLW7KHYDOHWGHFKDPEUHDSSHDUHGRQWKH
GRRUVWHSV<RXZLOOH[FXVHWKLVSRRUIHOORZPDGDPHKH
VDLGDVKHSUHFHGHGWKHEDURQHVVEXWKLVRUGHUVDUH
SUHFLVHDQG0GH9LOOHIRUWEHJJHGPHWRWHOO\RXWKDWKH
FRXOGQRWDFWRWKHUZLVH
,QWKHFRXUWVKRZLQJKLVPHUFKDQGLVHZDVDWUDGHVPDQZKR
KDGEHHQDGPLWWHGZLWKWKHVDPHSUHFDXWLRQV7KHEDURQHVV
DVFHQGHGWKHVWHSVVKHIHOWKHUVHOIVWURQJO\LQIHFWHGZLWK
WKHVDGQHVVZKLFKVHHPHGWRPDJQLI\KHURZQDQGVWLOO

1225

JXLGHGE\WKHYDOHWGHFKDPEUHZKRQHYHUORVWVLJKWRIKHU
IRUDQLQVWDQWVKHZDVLQWURGXFHGWRWKHPDJLVWUDWH
V
VWXG\3UHRFFXSLHGDV0DGDPH'DQJODUVKDGEHHQZLWKWKH
REMHFWRIKHUYLVLWWKHWUHDWPHQWVKHKDGUHFHLYHGIURP
WKHVHXQGHUOLQJVDSSHDUHGWRKHUVRLQVXOWLQJWKDWVKH
EHJDQE\FRPSODLQLQJRILW%XW9LOOHIRUWUDLVLQJKLVKHDG
ERZHGGRZQE\JULHIORRNHGXSDWKHUZLWKVRVDGDVPLOH
WKDWKHUFRPSODLQWVGLHGXSRQKHUOLSV)RUJLYHP\
VHUYDQWVKHVDLGIRUDWHUURU,FDQQRWEODPHWKHPIRU
IURPEHLQJVXVSHFWHGWKH\KDYHEHFRPHVXVSLFLRXV
0DGDPH'DQJODUVKDGRIWHQKHDUGRIWKHWHUURUWRZKLFKWKH
PDJLVWUDWHDOOXGHGEXWZLWKRXWWKHHYLGHQFHRIKHURZQ
H\HVLJKWVKHFRXOGQHYHUKDYHEHOLHYHGWKDWWKHVHQWLPHQW
KDGEHHQFDUULHGVRIDU<RXWRRWKHQDUHXQKDSS\"VKH
VDLG<HVPDGDPHUHSOLHGWKHPDJLVWUDWH
7KHQ\RXSLW\PH
6LQFHUHO\PDGDPH
$QG\RXXQGHUVWDQGZKDWEULQJVPHKHUH"
<RXZLVKWRVSHDNWRPHDERXWWKHFLUFXPVWDQFHZKLFKKDV
MXVWKDSSHQHG"
<HVVLUDIHDUIXOPLVIRUWXQH
<RXPHDQDPLVFKDQFH
$PLVFKDQFH"UHSHDWHGWKHEDURQHVV
$ODVPDGDPHVDLGWKHSURFXUHXUZLWKKLVLPSHUWXUEDEOH
FDOPQHVVRIPDQQHU,FRQVLGHUWKRVHDORQHPLVIRUWXQHV
ZKLFKDUHLUUHSDUDEOH
$QGGR\RXVXSSRVHWKLVZLOOEHIRUJRWWHQ"
(YHU\WKLQJZLOOEHIRUJRWWHQPDGDPHVDLG9LOOHIRUW
<RXUGDXJKWHUZLOOEHPDUULHGWRPRUURZLIQRWWRGD\
LQDZHHNLIQRWWRPRUURZDQG,GRQRWWKLQN\RXFDQ
UHJUHWWKHLQWHQGHGKXVEDQGRI\RXUGDXJKWHU
0DGDPH'DQJODUVJD]HGRQ9LOOHIRUWVWXSHILHGWRILQGKLPVR

1226

DOPRVWLQVXOWLQJO\FDOP$P,FRPHWRDIULHQG"VKHDVNHG
LQDWRQHIXOORIPRXUQIXOGLJQLW\<RXNQRZWKDW\RXDUH
PDGDPHVDLG9LOOHIRUWZKRVHSDOHFKHHNVEHFDPHVOLJKWO\
IOXVKHGDVKHJDYHKHUWKHDVVXUDQFH$QGWUXO\WKLV
DVVXUDQFHFDUULHGKLPEDFNWRGLIIHUHQWHYHQWVIURPWKRVH
QRZRFFXS\LQJWKHEDURQHVVDQGKLP:HOOWKHQEHPRUH
DIIHFWLRQDWHP\GHDU9LOOHIRUWVDLGWKHEDURQHVV6SHDN
WRPHQRWDVDPDJLVWUDWHEXWDVDIULHQGDQGZKHQ,DPLQ
ELWWHUDQJXLVKRIVSLULWGRQRWWHOOPHWKDW,RXJKWWREH
JD\9LOOHIRUWERZHG:KHQ,KHDUPLVIRUWXQHVQDPHG
PDGDPHKHVDLG,KDYHZLWKLQWKHODVWIHZPRXWKV
FRQWUDFWHGWKHEDGKDELWRIWKLQNLQJRIP\RZQDQGWKHQ,
FDQQRWKHOSGUDZLQJXSDQHJRWLVWLFDOSDUDOOHOLQP\PLQG
7KDWLVWKHUHDVRQWKDWE\WKHVLGHRIP\PLVIRUWXQHV\RXUV
DSSHDUWRPHPHUHPLVFKDQFHVWKDWLVZK\P\GUHDGIXO
SRVLWLRQPDNHV\RXUVDSSHDUHQYLDEOH%XWWKLVDQQR\V\RX
OHWXVFKDQJHWKHVXEMHFW<RXZHUHVD\LQJPDGDPH
,FDPHWRDVN\RXP\IULHQGVDLGWKHEDURQHVVZKDW
ZLOOEHGRQHZLWKWKLVLPSRVWRU"
,PSRVWRUUHSHDWHG9LOOHIRUWFHUWDLQO\PDGDPH\RX
DSSHDUWRH[WHQXDWHVRPHFDVHVDQGH[DJJHUDWHRWKHUV
,PSRVWRULQGHHG0$QGUHD&DYDOFDQWLRUUDWKHU0
%HQHGHWWRLVQRWKLQJPRUHQRUOHVVWKDQDQDVVDVVLQ
6LU,GRQRWGHQ\WKHMXVWLFHRI\RXUFRUUHFWLRQEXWWKH
PRUHVHYHUHO\\RXDUP\RXUVHOIDJDLQVWWKDWXQIRUWXQDWHPDQ
WKHPRUHGHHSO\ZLOO\RXVWULNHRXUIDPLO\&RPHIRUJHWKLP
IRUDPRPHQWDQGLQVWHDGRISXUVXLQJKLPOHWKLPJR
<RXDUHWRRODWHPDGDPHWKHRUGHUVDUHLVVXHG
:HOOVKRXOGKHEHDUUHVWHGGRWKH\WKLQNWKH\ZLOO
DUUHVWKLP"
,KRSHVR
,IWKH\VKRXOGDUUHVWKLP ,NQRZWKDWVRPHWLPHVSULVRQHUV
DIIRUGPHDQVRIHVFDSH ZLOO\RXOHDYHKLPLQSULVRQ"
7KHSURFXUHXUVKRRNKLVKHDG$WOHDVWNHHSKLPWKHUHWLOO
P\GDXJKWHUEHPDUULHG
,PSRVVLEOHPDGDPHMXVWLFHKDVLWVIRUPDOLWLHV

1227

:KDWHYHQIRUPH"VDLGWKHEDURQHVVKDOIMHVWLQJKDOI
LQHDUQHVW)RUDOOHYHQIRUP\VHOIDPRQJWKHUHVW
UHSOLHG9LOOHIRUW
$KH[FODLPHGWKHEDURQHVVZLWKRXWH[SUHVVLQJWKHLGHDV
ZKLFKWKHH[FODPDWLRQEHWUD\HG9LOOHIRUWORRNHGDWKHUZLWK
WKDWSLHUFLQJJODQFHZKLFKUHDGVWKHVHFUHWVRIWKHKHDUW
<HV,NQRZZKDW\RXPHDQKHVDLG\RXUHIHUWRWKH
WHUULEOHUXPRUVVSUHDGDEURDGLQWKHZRUOGWKDWWKHGHDWKV
ZKLFKKDYHNHSWPHLQPRXUQLQJIRUWKHODVWWKUHHPRQWKV
DQGIURPZKLFK9DOHQWLQHKDVRQO\HVFDSHGE\DPLUDFOHKDYH
QRWKDSSHQHGE\QDWXUDOPHDQV
,ZDVQRWWKLQNLQJRIWKDWUHSOLHG0DGDPH'DQJODUV
TXLFNO\<HV\RXZHUHWKLQNLQJRILWDQGZLWKMXVWLFH
<RXFRXOGQRWKHOSWKLQNLQJRILWDQGVD\LQJWR\RXUVHOI
C\RXZKRSXUVXHFULPHVRYLQGLFWLYHO\DQVZHUQRZZK\DUH
WKHUHXQSXQLVKHGFULPHVLQ\RXUGZHOOLQJ"
7KHEDURQHVV
EHFDPHSDOH<RXZHUHVD\LQJWKLVZHUH\RXQRW"
:HOO,RZQLW
,ZLOODQVZHU\RX
9LOOHIRUWGUHZKLVDUPFKDLUQHDUHUWR0DGDPH'DQJODUVWKHQ
UHVWLQJERWKKDQGVXSRQKLVGHVNKHVDLGLQDYRLFHPRUH
KROORZWKDQXVXDO7KHUHDUHFULPHVZKLFKUHPDLQXQSXQLVKHG
EHFDXVHWKHFULPLQDOVDUHXQNQRZQDQGZHPLJKWVWULNHWKH
LQQRFHQWLQVWHDGRIWKHJXLOW\EXWZKHQWKHFXOSULWVDUH
GLVFRYHUHG 9LOOHIRUWKHUHH[WHQGHGKLVKDQGWRZDUGDODUJH
FUXFLIL[SODFHGRSSRVLWHWRKLVGHVN ZKHQWKH\DUH
GLVFRYHUHG,VZHDUWR\RXE\DOO,KROGPRVWVDFUHGWKDW
ZKRHYHUWKH\PD\EHWKH\VKDOOGLH1RZDIWHUWKHRDWK,
KDYHMXVWWDNHQDQGZKLFK,ZLOONHHSPDGDPHGDUH\RXDVN
IRUPHUF\IRUWKDWZUHWFK
%XWVLUDUH\RXVXUHKHLVDVJXLOW\DVWKH\VD\"
/LVWHQWKLVLVKLVGHVFULSWLRQC%HQHGHWWRFRQGHPQHGDW
WKHDJHRIVL[WHHQIRUILYH\HDUVWRWKHJDOOH\VIRU
IRUJHU\
+HSURPLVHGZHOODV\RXVHHILUVWDUXQDZD\
WKHQDQDVVDVVLQ

1228

$QGZKRLVWKLVZUHWFK"
:KRFDQWHOO"DYDJDERQGD&RUVLFDQ
+DVQRRQHRZQHGKLP"
1RRQHKLVSDUHQWVDUHXQNQRZQ
%XWZKRZDVWKHPDQZKREURXJKWKLPIURP/XFFD"
$QRWKHUUDVFDOOLNHKLPVHOISHUKDSVKLVDFFRPSOLFH7KH
EDURQHVVFODVSHGKHUKDQGV9LOOHIRUWVKHH[FODLPHGLQ
KHUVRIWHVWDQGPRVWFDSWLYDWLQJPDQQHU
)RUKHDYHQ
VVDNHPDGDPHVDLG9LOOHIRUWZLWKDILUPQHVV
RIH[SUHVVLRQQRWDOWRJHWKHUIUHHIURPKDUVKQHVVIRU
KHDYHQ
VVDNHGRQRWDVNSDUGRQRIPHIRUDJXLOW\ZUHWFK
:KDWDP,"WKHODZ+DVWKHODZDQ\H\HVWRZLWQHVV\RXU
JULHI"+DVWKHODZHDUVWREHPHOWHGE\\RXUVZHHWYRLFH"
+DVWKHODZDPHPRU\IRUDOOWKRVHVRIWUHFROOHFWLRQV\RX
HQGHDYRUWRUHFDOO"1RPDGDPHWKHODZKDVFRPPDQGHGDQG
ZKHQLWFRPPDQGVLWVWULNHV<RXZLOOWHOOPHWKDW,DPD
OLYLQJEHLQJDQGQRWDFRGHDPDQDQGQRWDYROXPH
/RRNDWPHPDGDPHORRNDURXQGPH+DYHPDQNLQGWUHDWHG
PHDVDEURWKHU"+DYHWKH\ORYHGPH"+DYHWKH\VSDUHGPH"
+DVDQ\RQHVKRZQWKHPHUF\WRZDUGVPHWKDW\RXQRZDVNDW
P\KDQGV"1RPDGDPHWKH\VWUXFNPHDOZD\VVWUXFNPH
:RPDQVLUHQWKDW\RXDUHGR\RXSHUVLVWLQIL[LQJRQPH
WKDWIDVFLQDWLQJH\HZKLFKUHPLQGVPHWKDW,RXJKWWR
EOXVK":HOOEHLWVROHWPHEOXVKIRUWKHIDXOWV\RXNQRZ
DQGSHUKDSVSHUKDSVIRUHYHQPRUHWKDQWKRVH%XWKDYLQJ
VLQQHGP\VHOILWPD\EHPRUHGHHSO\WKDQRWKHUV,
QHYHUUHVWWLOO,KDYHWRUQWKHGLVJXLVHVIURPP\
IHOORZFUHDWXUHVDQGIRXQGRXWWKHLUZHDNQHVVHV,KDYH
DOZD\VIRXQGWKHPDQGPRUH,UHSHDWLWZLWKMR\ZLWK
WULXPSK,KDYHDOZD\VIRXQGVRPHSURRIRIKXPDQ
SHUYHUVLW\RUHUURU(YHU\FULPLQDO,FRQGHPQVHHPVWRPH
OLYLQJHYLGHQFHWKDW,DPQRWDKLGHRXVH[FHSWLRQWRWKH
UHVW$ODVDODVDODVDOOWKHZRUOGLVZLFNHGOHWXV
WKHUHIRUHVWULNHDWZLFNHGQHVV
9LOOHIRUWSURQRXQFHGWKHVHODVWZRUGVZLWKDIHYHULVKUDJH
ZKLFKJDYHDIHURFLRXVHORTXHQFHWRKLVZRUGV

1229

%XW
VDLG0DGDPH'DQJODUVUHVROYLQJWRPDNHDODVW
HIIRUWWKLV\RXQJPDQWKRXJKDPXUGHUHULVDQRUSKDQ
DEDQGRQHGE\HYHU\ERG\
6RPXFKWKHZRUVHRUUDWKHUVRPXFKWKHEHWWHULWKDV
EHHQVRRUGDLQHGWKDWKHPD\KDYHQRQHWRZHHSKLVIDWH
%XWWKLVLVWUDPSOLQJRQWKHZHDNVLU
7KHZHDNQHVVRIDPXUGHUHU
+LVGLVKRQRUUHIOHFWVXSRQXV
,VQRWGHDWKLQP\KRXVH"
2KVLUH[FODLPHGWKHEDURQHVV\RXDUHZLWKRXWSLW\IRU
RWKHUVZHOOWKHQ,WHOO\RXWKH\ZLOOKDYHQRPHUF\RQ
\RX
%HLWVRVDLG9LOOHIRUWUDLVLQJKLVDUPVWRKHDYHQ
$WOHDVWGHOD\WKHWULDOWLOOWKHQH[WDVVL]HVZHVKDOO
WKHQKDYHVL[PRQWKVEHIRUHXV
1RPDGDPHVDLG9LOOHIRUWLQVWUXFWLRQVKDYHEHHQJLYHQ
7KHUHDUH\HWILYHGD\VOHIWILYHGD\VDUHPRUHWKDQ,
UHTXLUH'R\RXQRWWKLQNWKDW,DOVRORQJIRU
IRUJHWIXOQHVV":KLOHZRUNLQJQLJKWDQGGD\,VRPHWLPHVORVH
DOOUHFROOHFWLRQRIWKHSDVWDQGWKHQ,H[SHULHQFHWKHVDPH
VRUWRIKDSSLQHVV,FDQLPDJLQHWKHGHDGIHHOVWLOOLWLV
EHWWHUWKDQVXIIHULQJ
%XWVLUKHKDVIOHGOHWKLPHVFDSHLQDFWLRQLVD
SDUGRQDEOHRIIHQFH
,WHOO\RXLWLVWRRODWHHDUO\WKLVPRUQLQJWKHWHOHJUDSK
ZDVHPSOR\HGDQGDWWKLVYHU\PLQXWH
6LUVDLGWKHYDOHWGHFKDPEUHHQWHULQJWKHURRPD
GUDJRRQKDVEURXJKWWKLVGHVSDWFKIURPWKHPLQLVWHURIWKH
LQWHULRU9LOOHIRUWVHL]HGWKHOHWWHUDQGKDVWLO\EURNH
WKHVHDO0DGDPH'DQJODUVWUHPEOHGZLWKIHDU9LOOHIRUW
VWDUWHGZLWKMR\$UUHVWHGKHH[FODLPHGKHZDVWDNHQDW

1230

&RPSLHJQHDQGDOOLVRYHU0DGDPH'DQJODUVURVHIURPKHU
VHDWSDOHDQGFROG$GLHXVLUVKHVDLG$GLHX
PDGDPHUHSOLHGWKHNLQJ
VDWWRUQH\DVLQDQDOPRVWMR\IXO
PDQQHUKHFRQGXFWHGKHUWRWKHGRRU7KHQWXUQLQJWRKLV
GHVNKHVDLGVWULNLQJWKHOHWWHUZLWKWKHEDFNRIKLV
ULJKWKDQG&RPH,KDGDIRUJHU\WKUHHUREEHULHVDQGWZR
FDVHVRIDUVRQ,RQO\ZDQWHGDPXUGHUDQGKHUHLWLV,W
ZLOOEHDVSOHQGLGVHVVLRQ

&KDSWHU
7KH$SSDULWLRQ
$VWKHSURFXUHXUKDGWROG0DGDPH'DQJODUV9DOHQWLQHZDVQRW
\HWUHFRYHUHG%RZHGGRZQZLWKIDWLJXHVKHZDVLQGHHG
FRQILQHGWRKHUEHGDQGLWZDVLQKHURZQURRPDQGIURP
WKHOLSVRI0DGDPHGH9LOOHIRUWWKDWVKHKHDUGDOOWKH
VWUDQJHHYHQWVZHKDYHUHODWHGZHPHDQWKHIOLJKWRI
(XJHQLHDQGWKHDUUHVWRI$QGUHD&DYDOFDQWLRUUDWKHU
%HQHGHWWRWRJHWKHUZLWKWKHDFFXVDWLRQRIPXUGHUSURQRXQFHG
DJDLQVWKLP%XW9DOHQWLQHZDVVRZHDNWKDWWKLVUHFLWDO
VFDUFHO\SURGXFHGWKHVDPHHIIHFWLWZRXOGKDYHGRQHKDGVKH
EHHQLQKHUXVXDOVWDWHRIKHDOWK,QGHHGKHUEUDLQZDV
RQO\WKHVHDWRIYDJXHLGHDVDQGFRQIXVHGIRUPVPLQJOHG
ZLWKVWUDQJHIDQFLHVDORQHSUHVHQWHGWKHPVHOYHVEHIRUHKHU
H\HV
'XULQJWKHGD\WLPH9DOHQWLQH
VSHUFHSWLRQVUHPDLQHG
WROHUDEO\FOHDURZLQJWRWKHFRQVWDQWSUHVHQFHRI0
1RLUWLHUZKRFDXVHGKLPVHOIWREHFDUULHGWRKLV
JUDQGGDXJKWHU
VURRPDQGZDWFKHGKHUZLWKKLVSDWHUQDO
WHQGHUQHVV9LOOHIRUWDOVRRQKLVUHWXUQIURPWKHODZ
FRXUWVIUHTXHQWO\SDVVHGDQKRXURUWZRZLWKKLVIDWKHUDQG
FKLOG$WVL[R
FORFN9LOOHIRUWUHWLUHGWRKLVVWXG\DW
HLJKW0G
$YULJQ\KLPVHOIDUULYHGEULQJLQJWKHQLJKW
GUDXJKWSUHSDUHGIRUWKH\RXQJJLUODQGWKHQ01RLUWLHU
ZDVFDUULHGDZD\$QXUVHRIWKHGRFWRU
VFKRLFHVXFFHHGHG
WKHPDQGQHYHUOHIWWLOODERXWWHQRUHOHYHQR
FORFNZKHQ
9DOHQWLQHZDVDVOHHS$VVKHZHQWGRZQVWDLUVVKHJDYHWKH
NH\VRI9DOHQWLQH
VURRPWR0GH9LOOHIRUWVRWKDWQRRQH
FRXOGUHDFKWKHVLFNURRPH[FHSWLQJWKURXJKWKDWRI0DGDPH
GH9LOOHIRUWDQGOLWWOH(GZDUG

1231

(YHU\PRUQLQJ0RUUHOFDOOHGRQ1RLUWLHUWRUHFHLYHQHZVRI
9DOHQWLQHDQGH[WUDRUGLQDU\DVLWVHHPHGHDFKGD\IRXQG
KLPOHVVXQHDV\&HUWDLQO\WKRXJK9DOHQWLQHVWLOOODERUHG
XQGHUGUHDGIXOQHUYRXVH[FLWHPHQWVKHZDVEHWWHUDQG
PRUHRYHU0RQWH&ULVWRKDGWROGKLPZKHQKDOIGLVWUDFWHG
KHKDGUXVKHGWRWKHFRXQW
VKRXVHWKDWLIVKHZHUHQRW
GHDGLQWZRKRXUVVKHZRXOGEHVDYHG1RZIRXUGD\VKDG
HODSVHGDQG9DOHQWLQHVWLOOOLYHG
7KHQHUYRXVH[FLWHPHQWRIZKLFKZHVSHDNSXUVXHG9DOHQWLQH
HYHQLQKHUVOHHSRUUDWKHULQWKDWVWDWHRIVRPQROHQFH
ZKLFKVXFFHHGHGKHUZDNLQJKRXUVLWZDVWKHQLQWKH
VLOHQFHRIQLJKWLQWKHGLPOLJKWVKHGIURPWKHDODEDVWHU
ODPSRQWKHFKLPQH\SLHFHWKDWVKHVDZWKHVKDGRZVSDVVDQG
UHSDVVZKLFKKRYHURYHUWKHEHGRIVLFNQHVVDQGIDQWKH
IHYHUZLWKWKHLUWUHPEOLQJZLQJV)LUVWVKHIDQFLHGVKHVDZ
KHUVWHSPRWKHUWKUHDWHQLQJKHUWKHQ0RUUHOVWUHWFKHGKLV
DUPVWRZDUGVKHUVRPHWLPHVPHUHVWUDQJHUVOLNHWKH&RXQW
RI0RQWH&ULVWRFDPHWRYLVLWKHUHYHQWKHYHU\IXUQLWXUH
LQWKHVHPRPHQWVRIGHOLULXPVHHPHGWRPRYHDQGWKLVVWDWH
ODVWHGWLOODERXWWKUHHR
FORFNLQWKHPRUQLQJZKHQDGHHS
KHDY\VOXPEHURYHUFDPHWKH\RXQJJLUOIURPZKLFKVKHGLG
QRWDZDNHWLOOGD\OLJKW2QWKHHYHQLQJRIWKHGD\RQZKLFK
9DOHQWLQHKDGOHDUQHGRIWKHIOLJKWRI(XJHQLHDQGWKH
DUUHVWRI%HQHGHWWR9LOOHIRUWKDYLQJUHWLUHGDVZHOODV
1RLUWLHUDQGG
$YULJQ\KHUWKRXJKWVZDQGHUHGLQD
FRQIXVHGPD]HDOWHUQDWHO\UHYLHZLQJKHURZQVLWXDWLRQDQG
WKHHYHQWVVKHKDGMXVWKHDUG
(OHYHQR
FORFNKDGVWUXFN7KHQXUVHKDYLQJSODFHGWKH
EHYHUDJHSUHSDUHGE\WKHGRFWRUZLWKLQUHDFKRIWKHSDWLHQW
DQGORFNHGWKHGRRUZDVOLVWHQLQJZLWKWHUURUWRWKH
FRPPHQWVRIWKHVHUYDQWVLQWKHNLWFKHQDQGVWRULQJKHU
PHPRU\ZLWKDOOWKHKRUULEOHVWRULHVZKLFKKDGIRUVRPH
PRQWKVSDVWDPXVHGWKHRFFXSDQWVRIWKHDQWHFKDPEHUVLQWKH
KRXVHRIWKHNLQJ
VDWWRUQH\0HDQZKLOHDQXQH[SHFWHGVFHQH
ZDVSDVVLQJLQWKHURRPZKLFKKDGEHHQVRFDUHIXOO\ORFNHG
7HQPLQXWHVKDGHODSVHGVLQFHWKHQXUVHKDGOHIW9DOHQWLQH
ZKRIRUWKHODVWKRXUKDGEHHQVXIIHULQJIURPWKHIHYHU
ZKLFKUHWXUQHGQLJKWO\LQFDSDEOHRIFRQWUROOLQJKHULGHDV
ZDVIRUFHGWR\LHOGWRWKHH[FLWHPHQWZKLFKH[KDXVWHGLWVHOI
LQSURGXFLQJDQGUHSURGXFLQJDVXFFHVVLRQDQGUHFXUUHQFHRI
WKHVDPHIDQFLHVDQGLPDJHV7KHQLJKWODPSWKUHZRXW
FRXQWOHVVUD\VHDFKUHVROYLQJLWVHOILQWRVRPHVWUDQJHIRUP

1232

WRKHUGLVRUGHUHGLPDJLQDWLRQZKHQVXGGHQO\E\LWV
IOLFNHULQJOLJKW9DOHQWLQHWKRXJKWVKHVDZWKHGRRURIKHU
OLEUDU\ZKLFKZDVLQWKHUHFHVVE\WKHFKLPQH\SLHFHRSHQ
VORZO\WKRXJKVKHLQYDLQOLVWHQHGIRUWKHVRXQGRIWKH
KLQJHVRQZKLFKLWWXUQHG
$WDQ\RWKHUWLPH9DOHQWLQHZRXOGKDYHVHL]HGWKHVLONHQ
EHOOSXOODQGVXPPRQHGDVVLVWDQFHEXWQRWKLQJDVWRQLVKHG
KHULQKHUSUHVHQWVLWXDWLRQ+HUUHDVRQWROGKHUWKDWDOO
WKHYLVLRQVVKHEHKHOGZHUHEXWWKHFKLOGUHQRIKHU
LPDJLQDWLRQDQGWKHFRQYLFWLRQZDVVWUHQJWKHQHGE\WKHIDFW
WKDWLQWKHPRUQLQJQRWUDFHVUHPDLQHGRIWKHQRFWXUQDO
SKDQWRPVZKRGLVDSSHDUHGZLWKWKHFRPLQJRIGD\OLJKW)URP
EHKLQGWKHGRRUDKXPDQILJXUHDSSHDUHGEXWWKHJLUOZDV
WRRIDPLOLDUZLWKVXFKDSSDULWLRQVWREHDODUPHGDQG
WKHUHIRUHRQO\VWDUHGKRSLQJWRUHFRJQL]H0RUUHO7KH
ILJXUHDGYDQFHGWRZDUGVWKHEHGDQGDSSHDUHGWROLVWHQZLWK
SURIRXQGDWWHQWLRQ$WWKLVPRPHQWDUD\RIOLJKWJODQFHG
DFURVVWKHIDFHRIWKHPLGQLJKWYLVLWRU
,WLVQRWKHVKHPXUPXUHGDQGZDLWHGLQWKHDVVXUDQFH
WKDWWKLVZDVEXWDGUHDPIRUWKHPDQWRGLVDSSHDURU
DVVXPHVRPHRWKHUIRUP6WLOOVKHIHOWKHUSXOVHDQG
ILQGLQJLWWKUREYLROHQWO\VKHUHPHPEHUHGWKDWWKHEHVW
PHWKRGRIGLVSHOOLQJVXFKLOOXVLRQVZDVWRGULQNIRUD
GUDXJKWRIWKHEHYHUDJHSUHSDUHGE\WKHGRFWRUWRDOOD\KHU
IHYHUVHHPHGWRFDXVHDUHDFWLRQRIWKHEUDLQDQGIRUD
VKRUWWLPHVKHVXIIHUHGOHVV9DOHQWLQHWKHUHIRUHUHDFKHG
KHUKDQGWRZDUGVWKHJODVVEXWDVVRRQDVKHUWUHPEOLQJDUP
OHIWWKHEHGWKHDSSDULWLRQDGYDQFHGPRUHTXLFNO\WRZDUGV
KHUDQGDSSURDFKHGWKH\RXQJJLUOVRFORVHO\WKDWVKH
IDQFLHGVKHKHDUGKLVEUHDWKDQGIHOWWKHSUHVVXUHRIKLV
KDQG
7KLVWLPHWKHLOOXVLRQRUUDWKHUWKHUHDOLW\VXUSDVVHG
DQ\WKLQJ9DOHQWLQHKDGEHIRUHH[SHULHQFHGVKHEHJDQWR
EHOLHYHKHUVHOIUHDOO\DOLYHDQGDZDNHDQGWKHEHOLHIWKDW
KHUUHDVRQZDVWKLVWLPHQRWGHFHLYHGPDGHKHUVKXGGHU7KH
SUHVVXUHVKHIHOWZDVHYLGHQWO\LQWHQGHGWRDUUHVWKHUDUP
DQGVKHVORZO\ZLWKGUHZLW7KHQWKHILJXUHIURPZKRPVKH
FRXOGQRWGHWDFKKHUH\HVDQGZKRDSSHDUHGPRUHSURWHFWLQJ
WKDQPHQDFLQJWRRNWKHJODVVDQGZDONLQJWRZDUGVWKH
QLJKWOLJKWKHOGLWXSDVLIWRWHVWLWVWUDQVSDUHQF\7KLV
GLGQRWVHHPVXIILFLHQWWKHPDQRUUDWKHUWKHJKRVWIRU

1233

KHWURGVRVRIWO\WKDWQRVRXQGZDVKHDUGWKHQSRXUHGRXW
DERXWDVSRRQIXOLQWRWKHJODVVDQGGUDQNLW9DOHQWLQH
ZLWQHVVHGWKLVVFHQHZLWKDVHQWLPHQWRIVWXSHIDFWLRQ(YHU\
PLQXWHVKHKDGH[SHFWHGWKDWLWZRXOGYDQLVKDQGJLYHSODFH
WRDQRWKHUYLVLRQEXWWKHPDQLQVWHDGRIGLVVROYLQJOLNHD
VKDGRZDJDLQDSSURDFKHGKHUDQGVDLGLQDQDJLWDWHGYRLFH
1RZ\RXPD\GULQN
9DOHQWLQHVKXGGHUHG,WZDVWKHILUVWWLPHRQHRIWKHVH
YLVLRQVKDGHYHUDGGUHVVHGKHULQDOLYLQJYRLFHDQGVKH
ZDVDERXWWRXWWHUDQH[FODPDWLRQ7KHPDQSODFHGKLVILQJHU
RQKHUOLSV7KH&RXQWRI0RQWH&ULVWRVKHPXUPXUHG
,WZDVHDV\WRVHHWKDWQRGRXEWQRZUHPDLQHGLQWKH\RXQJ
JLUO
VPLQGDVWRWKHUHDOLW\RIWKHVFHQHKHUH\HVVWDUWHG
ZLWKWHUURUKHUKDQGVWUHPEOHGDQGVKHUDSLGO\GUHZWKH
EHGFORWKHVFORVHUWRKHU6WLOOWKHSUHVHQFHRI0RQWH
&ULVWRDWVXFKDQKRXUKLVP\VWHULRXVIDQFLIXODQG
H[WUDRUGLQDU\HQWUDQFHLQWRKHUURRPWKURXJKWKHZDOOPLJKW
ZHOOVHHPLPSRVVLELOLWLHVWRKHUVKDWWHUHGUHDVRQ'RQRW
FDOODQ\RQHGRQRWEHDODUPHGVDLGWKH&RXQWGRQRW
OHWDVKDGHRIVXVSLFLRQRUXQHDVLQHVVUHPDLQLQ\RXU
EUHDVWWKHPDQVWDQGLQJEHIRUH\RX9DOHQWLQH IRUWKLV
WLPHLWLVQRJKRVW LVQRWKLQJPRUHWKDQWKHWHQGHUHVW
IDWKHUDQGWKHPRVWUHVSHFWIXOIULHQG\RXFRXOGGUHDPRI
9DOHQWLQHFRXOGQRWUHSO\WKHYRLFHZKLFKLQGLFDWHGWKH
UHDOSUHVHQFHRIDEHLQJLQWKHURRPDODUPHGKHUVRPXFK
WKDWVKHIHDUHGWRXWWHUDV\OODEOHVWLOOWKHH[SUHVVLRQRI
KHUH\HVVHHPHGWRLQTXLUH,I\RXULQWHQWLRQVDUHSXUH
ZK\DUH\RXKHUH"7KHFRXQW
VPDUYHOORXVVDJDFLW\
XQGHUVWRRGDOOWKDWZDVSDVVLQJLQWKH\RXQJJLUO
VPLQG
/LVWHQWRPHKHVDLGRUUDWKHUORRNXSRQPHORRNDW
P\IDFHSDOHUHYHQWKDQXVXDODQGP\H\HVUHGZLWK
ZHDULQHVVIRUIRXUGD\V,KDYHQRWFORVHGWKHPIRU,
KDYHEHHQFRQVWDQWO\ZDWFKLQJ\RXWRSURWHFWDQGSUHVHUYH
\RXIRU0D[LPLOLDQ7KHEORRGPRXQWHGUDSLGO\WRWKHFKHHNV
RI9DOHQWLQHIRUWKHQDPHMXVWDQQRXQFHGE\WKHFRXQW
GLVSHOOHGDOOWKHIHDUZLWKZKLFKKLVSUHVHQFHKDGLQVSLUHG
KHU0D[LPLOLDQVKHH[FODLPHGDQGVRVZHHWGLGWKHVRXQG
DSSHDUWRKHUWKDWVKHUHSHDWHGLW0D[LPLOLDQKDV
KHWKHQRZQHGDOOWR\RX"

1234

(YHU\WKLQJ+HWROGPH\RXUOLIHZDVKLVDQG,KDYH
SURPLVHGKLPWKDW\RXVKDOOOLYH
<RXKDYHSURPLVHGKLPWKDW,VKDOOOLYH"
<HV
%XWVLU\RXVSRNHRIYLJLODQFHDQGSURWHFWLRQ$UH\RXD
GRFWRU"
<HVWKHEHVW\RXFRXOGKDYHDWWKHSUHVHQWWLPHEHOLHYH
PH
%XW\RXVD\\RXKDYHZDWFKHG"VDLG9DOHQWLQHXQHDVLO\
ZKHUHKDYH\RXEHHQ",KDYHQRWVHHQ\RX7KHFRXQW
H[WHQGHGKLVKDQGWRZDUGVWKHOLEUDU\,ZDVKLGGHQEHKLQG
WKDWGRRUKHVDLGZKLFKOHDGVLQWRWKHQH[WKRXVHZKLFK
,KDYHUHQWHG9DOHQWLQHWXUQHGKHUH\HVDZD\DQGZLWKDQ
LQGLJQDQWH[SUHVVLRQRISULGHDQGPRGHVWIHDUH[FODLPHG
6LU,WKLQN\RXKDYHEHHQJXLOW\RIDQXQSDUDOOHOHG
LQWUXVLRQDQGWKDWZKDW\RXFDOOSURWHFWLRQLVPRUHOLNHDQ
LQVXOW
9DOHQWLQHKHDQVZHUHGGXULQJP\ORQJZDWFKRYHU\RX
DOO,KDYHREVHUYHGKDVEHHQZKDWSHRSOHYLVLWHG\RXZKDW
QRXULVKPHQWZDVSUHSDUHGDQGZKDWEHYHUDJHZDVVHUYHG
WKHQZKHQWKHODWWHUDSSHDUHGGDQJHURXVWRPH,HQWHUHG
DV,KDYHQRZGRQHDQGVXEVWLWXWHGLQWKHSODFHRIWKH
SRLVRQDKHDOWKIXOGUDXJKWZKLFKLQVWHDGRISURGXFLQJWKH
GHDWKLQWHQGHGFDXVHGOLIHWRFLUFXODWHLQ\RXUYHLQV
3RLVRQGHDWKH[FODLPHG9DOHQWLQHKDOIEHOLHYLQJ
KHUVHOIXQGHUWKHLQIOXHQFHRIVRPHIHYHULVKKDOOXFLQDWLRQ
ZKDWDUH\RXVD\LQJVLU"
+XVKP\FKLOGVDLG0RQWH&ULVWRDJDLQSODFLQJKLV
ILQJHUXSRQKHUOLSV,GLGVD\SRLVRQDQGGHDWK%XWGULQN
VRPHRIWKLVDQGWKHFRXQWWRRNDERWWOHIURPKLVSRFNHW
FRQWDLQLQJDUHGOLTXLGRIZKLFKKHSRXUHGDIHZGURSVLQWR
WKHJODVV'ULQNWKLVDQGWKHQWDNHQRWKLQJPRUH
WRQLJKW9DOHQWLQHVWUHWFKHGRXWKHUKDQGEXWVFDUFHO\
KDGVKHWRXFKHGWKHJODVVZKHQVKHGUHZEDFNLQIHDU0RQWH
&ULVWRWRRNWKHJODVVGUDQNKDOILWVFRQWHQWVDQGWKHQ
SUHVHQWHGLWWR9DOHQWLQHZKRVPLOHGDQGVZDOORZHGWKH

1235

UHVW2K\HVVKHH[FODLPHG,UHFRJQL]HWKHIODYRURI
P\QRFWXUQDOEHYHUDJHZKLFKUHIUHVKHGPHVRPXFKDQGVHHPHG
WRHDVHP\DFKLQJEUDLQ7KDQN\RXVLUWKDQN\RX
7KLVLVKRZ\RXKDYHOLYHGGXULQJWKHODVWIRXUQLJKWV
9DOHQWLQHVDLGWKHFRXQW%XWRKKRZ,SDVVHGWKDW
WLPH2KWKHZUHWFKHGKRXUV,KDYHHQGXUHGWKHWRUWXUH
WRZKLFK,KDYHVXEPLWWHGZKHQ,VDZWKHGHDGO\SRLVRQ
SRXUHGLQWR\RXUJODVVDQGKRZ,WUHPEOHGOHVW\RXVKRXOG
GULQNLWEHIRUH,FRXOGILQGWLPHWRWKURZLWDZD\
6LUVDLG9DOHQWLQHDWWKHKHLJKWRIKHUWHUURU\RXVD\
\RXHQGXUHGWRUWXUHVZKHQ\RXVDZWKHGHDGO\SRLVRQSRXUHG
LQWRP\JODVVEXWLI\RXVDZWKLV\RXPXVWDOVRKDYHVHHQ
WKHSHUVRQZKRSRXUHGLW"
<HV9DOHQWLQHUDLVHGKHUVHOILQEHGDQGGUHZRYHUKHU
FKHVWZKLFKDSSHDUHGZKLWHUWKDQVQRZWKHHPEURLGHUHG
FDPEULFVWLOOPRLVWZLWKWKHFROGGHZVRIGHOLULXPWR
ZKLFKZHUHQRZDGGHGWKRVHRIWHUURU<RXVDZWKHSHUVRQ"
UHSHDWHGWKH\RXQJJLUO<HVUHSHDWHGWKHFRXQW
:KDW\RXWHOOPHLVKRUULEOHVLU<RXZLVKWRPDNHPH
EHOLHYHVRPHWKLQJWRRGUHDGIXO:KDW"DWWHPSWWRPXUGHU
PHLQP\IDWKHU
VKRXVHLQP\URRPRQP\EHGRIVLFNQHVV"
2KOHDYHPHVLU\RXDUHWHPSWLQJPH\RXPDNHPHGRXEW
WKHJRRGQHVVRISURYLGHQFHLWLVLPSRVVLEOHLWFDQQRW
EH
$UH\RXWKHILUVWWKDWWKLVKDQGKDVVWULFNHQ"+DYH\RXQRW
VHHQ0GH6DLQW0HUDQ0DGDPHGH6DLQW0HUDQ%DUURLVDOO
IDOO"ZRXOGQRW01RLUWLHUDOVRKDYHIDOOHQDYLFWLPKDG
QRWWKHWUHDWPHQWKHKDVEHHQSXUVXLQJIRUWKHODVWWKUHH
\HDUVQHXWUDOL]HGWKHHIIHFWVRIWKHSRLVRQ"
2KKHDYHQVDLG9DOHQWLQHLVWKLVWKHUHDVRQZK\
JUDQGSDSDKDVPDGHPHVKDUHDOOKLVEHYHUDJHVGXULQJWKH
ODVWPRQWK"
$QGKDYHWKH\DOOWDVWHGRIDVOLJKWO\ELWWHUIODYRUOLNH
WKDWRIGULHGRUDQJHSHHO"
2K\HV\HV

1236

7KHQWKDWH[SODLQVDOOVDLG0RQWH&ULVWR<RXU
JUDQGIDWKHUNQRZVWKHQWKDWDSRLVRQHUOLYHVKHUHSHUKDSV
KHHYHQVXVSHFWVWKHSHUVRQ+HKDVEHHQIRUWLI\LQJ\RXKLV
EHORYHGFKLOGDJDLQVWWKHIDWDOHIIHFWVRIWKHSRLVRQ
ZKLFKKDVIDLOHGEHFDXVH\RXUV\VWHPZDVDOUHDG\LPSUHJQDWHG
ZLWKLW%XWHYHQWKLVZRXOGKDYHDYDLOHGOLWWOHDJDLQVWD
PRUHGHDGO\PHGLXPRIGHDWKHPSOR\HGIRXUGD\VDJRZKLFKLV
JHQHUDOO\EXWWRRIDWDO
%XWZKRWKHQLVWKLVDVVDVVLQWKLVPXUGHUHU"
/HWPHDOVRDVN\RXDTXHVWLRQ+DYH\RXQHYHUVHHQDQ\RQH
HQWHU\RXUURRPDWQLJKW"
2K\HV,KDYHIUHTXHQWO\VHHQVKDGRZVSDVVFORVHWRPH
DSSURDFKDQGGLVDSSHDUEXW,WRRNWKHPIRUYLVLRQVUDLVHG
E\P\IHYHULVKLPDJLQDWLRQDQGLQGHHGZKHQ\RXHQWHUHG,
WKRXJKW,ZDVXQGHUWKHLQIOXHQFHRIGHOLULXP
7KHQ\RXGRQRWNQRZZKRLWLVWKDWDWWHPSWV\RXUOLIH"
1RVDLG9DOHQWLQHZKRFRXOGGHVLUHP\GHDWK"
<RXVKDOONQRZLWQRZWKHQVDLG0RQWH&ULVWROLVWHQLQJ
+RZGR\RXPHDQ"VDLG9DOHQWLQHORRNLQJDQ[LRXVO\DURXQG
%HFDXVH\RXDUHQRWIHYHULVKRUGHOLULRXVWRQLJKWEXW
WKRURXJKO\DZDNHPLGQLJKWLVVWULNLQJZKLFKLVWKHKRXU
PXUGHUHUVFKRRVH
2KKHDYHQVH[FODLPHG9DOHQWLQHZLSLQJRIIWKHGURSV
ZKLFKUDQGRZQKHUIRUHKHDG0LGQLJKWVWUXFNVORZO\DQG
VDGO\HYHU\KRXUVHHPHGWRVWULNHZLWKOHDGHQZHLJKWXSRQ
WKHKHDUWRIWKHSRRUJLUO9DOHQWLQHVDLGWKHFRXQW
VXPPRQXSDOO\RXUFRXUDJHVWLOOWKHEHDWLQJVRI\RXU
KHDUWGRQRWOHWDVRXQGHVFDSH\RXDQGIHLJQWREH
DVOHHSWKHQ\RXZLOOVHH9DOHQWLQHVHL]HGWKHFRXQW
V
KDQG,WKLQN,KHDUDQRLVHVKHVDLGOHDYHPH
*RRGE\IRUWKHSUHVHQWUHSOLHGWKHFRXQWZDONLQJXSRQ
WLSWRHWRZDUGVWKHOLEUDU\GRRUDQGVPLOLQJZLWKDQ
H[SUHVVLRQVRVDGDQGSDWHUQDOWKDWWKH\RXQJJLUO
VKHDUW
ZDVILOOHGZLWKJUDWLWXGH%HIRUHFORVLQJWKHGRRUKHWXUQHG

1237

DURXQGRQFHPRUHDQGVDLG1RWDPRYHPHQWQRWDZRUG
OHWWKHPWKLQN\RXDVOHHSRUSHUKDSV\RXPD\EHNLOOHG
EHIRUH,KDYHWKHSRZHURIKHOSLQJ\RX$QGZLWKWKLV
IHDUIXOLQMXQFWLRQWKHFRXQWGLVDSSHDUHGWKURXJKWKHGRRU
ZKLFKQRLVHOHVVO\FORVHGDIWHUKLP

&KDSWHU
/RFXVWD
9DOHQWLQHZDVDORQHWZRRWKHUFORFNVVORZHUWKDQWKDWRI
6DLQW3KLOLSSHGX5RXOHVWUXFNWKHKRXURIPLGQLJKWIURP
GLIIHUHQWGLUHFWLRQVDQGH[FHSWLQJWKHUXPEOLQJRIDIHZ
FDUULDJHVDOOZDVVLOHQW7KHQ9DOHQWLQH
VDWWHQWLRQZDV
HQJURVVHGE\WKHFORFNLQKHUURRPZKLFKPDUNHGWKH
VHFRQGV6KHEHJDQFRXQWLQJWKHPUHPDUNLQJWKDWWKH\ZHUH
PXFKVORZHUWKDQWKHEHDWLQJVRIKHUKHDUWDQGVWLOOVKH
GRXEWHGWKHLQRIIHQVLYH9DOHQWLQHFRXOGQRWLPDJLQHWKDW
DQ\RQHVKRXOGGHVLUHKHUGHDWK:K\VKRXOGWKH\"7RZKDW
HQG":KDWKDGVKHGRQHWRH[FLWHWKHPDOLFHRIDQHQHP\"
7KHUHZDVQRIHDURIKHUIDOOLQJDVOHHS2QHWHUULEOHLGHD
SUHVVHGXSRQKHUPLQGWKDWVRPHRQHH[LVWHGLQWKHZRUOG
ZKRKDGDWWHPSWHGWRDVVDVVLQDWHKHUDQGZKRZDVDERXWWR
HQGHDYRUWRGRVRDJDLQ6XSSRVLQJWKLVSHUVRQZHDULHGDW
WKHLQHIILFDF\RIWKHSRLVRQVKRXOGDV0RQWH&ULVWR
LQWLPDWHGKDYHUHFRXUVHWRVWHHO:KDWLIWKHFRXQW
VKRXOGKDYHQRWLPHWRUXQWRKHUUHVFXH:KDWLIKHU
ODVWPRPHQWVZHUHDSSURDFKLQJDQGVKHVKRXOGQHYHUDJDLQ
VHH0RUUHO:KHQWKLVWHUULEOHFKDLQRILGHDVSUHVHQWHG
LWVHOI9DOHQWLQHZDVQHDUO\SHUVXDGHGWRULQJWKHEHOODQG
FDOOIRUKHOS%XWWKURXJKWKHGRRUVKHIDQFLHGVKHVDZWKH
OXPLQRXVH\HRIWKHFRXQWWKDWH\HZKLFKOLYHGLQKHU
PHPRU\DQGWKHUHFROOHFWLRQRYHUZKHOPHGKHUZLWKVRPXFK
VKDPHWKDWVKHDVNHGKHUVHOIZKHWKHUDQ\DPRXQWRIJUDWLWXGH
FRXOGHYHUUHSD\KLVDGYHQWXURXVDQGGHYRWHGIULHQGVKLS
7ZHQW\PLQXWHVWZHQW\WHGLRXVPLQXWHVSDVVHGWKXVWKHQ
WHQPRUHDQGDWODVWWKHFORFNVWUXFNWKHKDOIIORXU-XVW
WKHQWKHVRXQGRIILQJHUQDLOVVOLJKWO\JUDWLQJDJDLQVWWKH
GRRURIWKHOLEUDU\LQIRUPHG9DOHQWLQHWKDWWKHFRXQWZDV
VWLOOZDWFKLQJDQGUHFRPPHQGHGKHUWRGRWKHVDPHDWWKH
VDPHWLPHRQWKHRSSRVLWHVLGHWKDWLVWRZDUGV(GZDUG
V
URRP9DOHQWLQHIDQFLHGWKDWVKHKHDUGWKHFUHDNLQJRIWKH

1238

IORRUVKHOLVWHQHGDWWHQWLYHO\KROGLQJKHUEUHDWKWLOOVKH
ZDVQHDUO\VXIIRFDWHGWKHORFNWXUQHGDQGWKHGRRUVORZO\
RSHQHG9DOHQWLQHKDGUDLVHGKHUVHOIXSRQKHUHOERZDQGKDG
VFDUFHO\WLPHWRWKURZKHUVHOIGRZQRQWKHEHGDQGVKDGHKHU
H\HVZLWKKHUDUPWKHQWUHPEOLQJDJLWDWHGDQGKHUKHDUW
EHDWLQJZLWKLQGHVFULEDEOHWHUURUVKHDZDLWHGWKHHYHQW
6RPHRQHDSSURDFKHGWKHEHGDQGGUHZEDFNWKHFXUWDLQV
9DOHQWLQHVXPPRQHGHYHU\HIIRUWDQGEUHDWKHGZLWKWKDW
UHJXODUUHVSLUDWLRQZKLFKDQQRXQFHVWUDQTXLOVOHHS
9DOHQWLQHVDLGDORZYRLFH6WLOOVLOHQW9DOHQWLQHKDG
SURPLVHGQRWWRDZDNH7KHQHYHU\WKLQJZDVVWLOOH[FHSWLQJ
WKDW9DOHQWLQHKHDUGWKHDOPRVWQRLVHOHVVVRXQGRIVRPH
OLTXLGEHLQJSRXUHGLQWRWKHJODVVVKHKDGMXVWHPSWLHG
7KHQVKHYHQWXUHGWRRSHQKHUH\HOLGVDQGJODQFHRYHUKHU
H[WHQGHGDUP6KHVDZDZRPDQLQDZKLWHGUHVVLQJJRZQ
SRXULQJDOLTXRUIURPDSKLDOLQWRKHUJODVV'XULQJWKLV
VKRUWWLPH9DOHQWLQHPXVWKDYHKHOGKHUEUHDWKRUPRYHGLQ
VRPHVOLJKWGHJUHHIRUWKHZRPDQGLVWXUEHGVWRSSHGDQG
OHDQHGRYHUWKHEHGLQRUGHUWKHEHWWHUWRDVFHUWDLQ
ZKHWKHU9DOHQWLQHVOHSWLWZDV0DGDPHGH9LOOHIRUW
2QUHFRJQL]LQJKHUVWHSPRWKHU9DOHQWLQHFRXOGQRWUHSUHVV
DVKXGGHUZKLFKFDXVHGDYLEUDWLRQLQWKHEHG0DGDPHGH
9LOOHIRUWLQVWDQWO\VWHSSHGEDFNFORVHWRWKHZDOODQG
WKHUHVKDGHGE\WKHEHGFXUWDLQVVKHVLOHQWO\DQG
DWWHQWLYHO\ZDWFKHGWKHVOLJKWHVWPRYHPHQWRI9DOHQWLQH7KH
ODWWHUUHFROOHFWHGWKHWHUULEOHFDXWLRQRI0RQWH&ULVWRVKH
IDQFLHGWKDWWKHKDQGQRWKROGLQJWKHSKLDOFODVSHGDORQJ
VKDUSNQLIH7KHQFROOHFWLQJDOOKHUUHPDLQLQJVWUHQJWKVKH
IRUFHGKHUVHOIWRFORVHKHUH\HVEXWWKLVVLPSOHRSHUDWLRQ
XSRQWKHPRVWGHOLFDWHRUJDQVRIRXUIUDPHJHQHUDOO\VR
HDV\WRDFFRPSOLVKEHFDPHDOPRVWLPSRVVLEOHDWWKLVPRPHQW
VRPXFKGLGFXULRVLW\VWUXJJOHWRUHWDLQWKHH\HOLGRSHQDQG
OHDUQWKHWUXWK0DGDPHGH9LOOHIRUWKRZHYHUUHDVVXUHGE\
WKHVLOHQFHZKLFKZDVDORQHGLVWXUEHGE\WKHUHJXODU
EUHDWKLQJRI9DOHQWLQHDJDLQH[WHQGHGKHUKDQGDQGKDOI
KLGGHQE\WKHFXUWDLQVVXFFHHGHGLQHPSW\LQJWKHFRQWHQWVRI
WKHSKLDOLQWRWKHJODVV7KHQVKHUHWLUHGVRJHQWO\WKDW
9DOHQWLQHGLGQRWNQRZVKHKDGOHIWWKHURRP6KHRQO\
ZLWQHVVHGWKHZLWKGUDZDORIWKHDUPWKHIDLUURXQGDUPRI
DZRPDQEXWWZHQW\ILYH\HDUVROGDQGZKR\HWVSUHDGGHDWK
DURXQGKHU

1239

,WLVLPSRVVLEOHWRGHVFULEHWKHVHQVDWLRQVH[SHULHQFHGE\
9DOHQWLQHGXULQJWKHPLQXWHDQGDKDOI0DGDPHGH9LOOHIRUW
UHPDLQHGLQWKHURRP7KHJUDWLQJDJDLQVWWKHOLEUDU\GRRU
DURXVHGWKH\RXQJJLUOIURPWKHVWXSRULQZKLFKVKHZDV
SOXQJHGDQGZKLFKDOPRVWDPRXQWHGWRLQVHQVLELOLW\6KH
UDLVHGKHUKHDGZLWKDQHIIRUW7KHQRLVHOHVVGRRUDJDLQ
WXUQHGRQLWVKLQJHVDQGWKH&RXQWRI0RQWH&ULVWR
UHDSSHDUHG:HOOVDLGKHGR\RXVWLOOGRXEW"
2KPXUPXUHGWKH\RXQJJLUO
+DYH\RXVHHQ"
$ODV
'LG\RXUHFRJQL]H"9DOHQWLQHJURDQHG2K\HVVKHVDLG
,VDZEXW,FDQQRWEHOLHYH
:RXOG\RXUDWKHUGLHWKHQDQGFDXVH0D[LPLOLDQ
VGHDWK"
2KUHSHDWHGWKH\RXQJJLUODOPRVWEHZLOGHUHGFDQ,QRW
OHDYHWKHKRXVH"FDQ,QRWHVFDSH"
9DOHQWLQHWKHKDQGZKLFKQRZWKUHDWHQV\RXZLOOSXUVXH\RX
HYHU\ZKHUH\RXUVHUYDQWVZLOOEHVHGXFHGZLWKJROGDQG
GHDWKZLOOEHRIIHUHGWR\RXGLVJXLVHGLQHYHU\VKDSH<RX
ZLOOILQGLWLQWKHZDWHU\RXGULQNIURPWKHVSULQJLQWKH
IUXLW\RXSOXFNIURPWKHWUHH
%XWGLG\RXQRWVD\WKDWP\NLQGJUDQGIDWKHU
VSUHFDXWLRQ
KDGQHXWUDOL]HGWKHSRLVRQ"
<HVEXWQRWDJDLQVWDVWURQJGRVHWKHSRLVRQZLOOEH
FKDQJHGDQGWKHTXDQWLW\LQFUHDVHG+HWRRNWKHJODVVDQG
UDLVHGLWWRKLVOLSV,WLVDOUHDG\GRQHKHVDLG
EUXFLQHLVQRORQJHUHPSOR\HGEXWDVLPSOHQDUFRWLF,FDQ
UHFRJQL]HWKHIODYRURIWKHDOFRKROLQZKLFKLWKDVEHHQ
GLVVROYHG,I\RXKDGWDNHQZKDW0DGDPHGH9LOOHIRUWKDV
SRXUHGLQWR\RXUJODVV9DOHQWLQH9DOHQWLQH\RXZRXOG
KDYHEHHQGRRPHG
%XWH[FODLPHGWKH\RXQJJLUOZK\DP,WKXVSXUVXHG"
:K\"DUH\RXVRNLQGVRJRRGVRXQVXVSLFLRXVRI

1240

LOOWKDW\RXFDQQRWXQGHUVWDQG9DOHQWLQH"
1R,KDYHQHYHULQMXUHGKHU
%XW\RXDUHULFK9DOHQWLQH\RXKDYHOLYUHVD
\HDUDQG\RXSUHYHQWKHUVRQIURPHQMR\LQJWKHVH
OLYUHV
+RZVR"7KHIRUWXQHLVQRWKHUJLIWEXWLVLQKHULWHGIURP
P\UHODWLRQV
&HUWDLQO\DQGWKDWLVZK\0DQG0DGDPHGH6DLQW0HUDQ
KDYHGLHGWKDWLVZK\01RLUWLHUZDVVHQWHQFHGWKHGD\KH
PDGH\RXKLVKHLUWKDWLVZK\\RXLQ\RXUWXUQDUHWRGLH
LWLVEHFDXVH\RXUIDWKHUZRXOGLQKHULW\RXUSURSHUW\
DQG\RXUEURWKHUKLVRQO\VRQVXFFHHGWRKLV
(GZDUG"3RRUFKLOG$UHDOOWKHVHFULPHVFRPPLWWHGRQKLV
DFFRXQW"
$KWKHQ\RXDWOHQJWKXQGHUVWDQG"
+HDYHQJUDQWWKDWWKLVPD\QRWEHYLVLWHGXSRQKLP
9DOHQWLQH\RXDUHDQDQJHO
%XWZK\LVP\JUDQGIDWKHUDOORZHGWROLYH"
,WZDVFRQVLGHUHGWKDW\RXGHDGWKHIRUWXQHZRXOG
QDWXUDOO\UHYHUWWR\RXUEURWKHUXQOHVVKHZHUH
GLVLQKHULWHGDQGEHVLGHVWKHFULPHDSSHDULQJXVHOHVVLW
ZRXOGEHIROO\WRFRPPLWLW
$QGLVLWSRVVLEOHWKDWWKLVIULJKWIXOFRPELQDWLRQRI
FULPHVKDVEHHQLQYHQWHGE\DZRPDQ"
'R\RXUHFROOHFWLQWKHDUERURIWKH+RWHOGHV3RVWHVDW
3HUXJLDVHHLQJDPDQLQDEURZQFORDNZKRP\RXUVWHSPRWKHU
ZDVTXHVWLRQLQJXSRQDTXDWRIDQD":HOOHYHUVLQFHWKHQWKH
LQIHUQDOSURMHFWKDVEHHQULSHQLQJLQKHUEUDLQ
$KWKHQLQGHHGVLUVDLGWKHVZHHWJLUOEDWKHGLQ
WHDUV,VHHWKDW,DPFRQGHPQHGWRGLH

1241

1R9DOHQWLQHIRU,KDYHIRUHVHHQDOOWKHLUSORWVQR
\RXUHQHP\LVFRQTXHUHGVLQFHZHNQRZKHUDQG\RXZLOO
OLYH9DOHQWLQHOLYHWREHKDSS\\RXUVHOIDQGWRFRQIHU
KDSSLQHVVXSRQDQREOHKHDUWEXWWRLQVXUHWKLV\RXPXVW
UHO\RQPH
&RPPDQGPHVLUZKDWDP,WRGR"
<RXPXVWEOLQGO\WDNHZKDW,JLYH\RX
$ODVZHUHLWRQO\IRUP\RZQVDNH,VKRXOGSUHIHUWR
GLH
<RXPXVWQRWFRQILGHLQDQ\RQHQRWHYHQLQ\RXU
IDWKHU
0\IDWKHULVQRWHQJDJHGLQWKLVIHDUIXOSORWLVKHVLU"
DVNHG9DOHQWLQHFODVSLQJKHUKDQGV
1RDQG\HW\RXUIDWKHUDPDQDFFXVWRPHGWRMXGLFLDO
DFFXVDWLRQVRXJKWWRKDYHNQRZQWKDWDOOWKHVHGHDWKVKDYH
QRWKDSSHQHGQDWXUDOO\LWLVKHZKRVKRXOGKDYHZDWFKHG
RYHU\RXKHVKRXOGKDYHRFFXSLHGP\SODFHKHVKRXOG
KDYHHPSWLHGWKDWJODVVKHVKRXOGKDYHULVHQDJDLQVWWKH
DVVDVVLQ6SHFWUHDJDLQVWVSHFWUHKHPXUPXUHGLQDORZ
YRLFHDVKHFRQFOXGHGKLVVHQWHQFH
6LUVDLG9DOHQWLQH,ZLOOGRDOO,FDQWROLYHIRU
WKHUHDUHWZREHLQJVZKRVHH[LVWHQFHGHSHQGVXSRQPLQHP\
JUDQGIDWKHUDQG0D[LPLOLDQ
,ZLOOZDWFKRYHUWKHPDV,KDYHRYHU\RX
:HOOVLUGRDV\RXZLOOZLWKPHDQGWKHQVKHDGGHGLQ
DORZYRLFHRKKHDYHQVZKDWZLOOEHIDOOPH"
:KDWHYHUPD\KDSSHQ9DOHQWLQHGRQRWEHDODUPHGWKRXJK
\RXVXIIHUWKRXJK\RXORVHVLJKWKHDULQJFRQVFLRXVQHVV
IHDUQRWKLQJWKRXJK\RXVKRXOGDZDNHDQGEHLJQRUDQWZKHUH
\RXDUHVWLOOGRQRWIHDUHYHQWKRXJK\RXVKRXOGILQG
\RXUVHOILQDVHSXOFKUDOYDXOWRUFRIILQ5HDVVXUH\RXUVHOI
WKHQDQGVD\WR\RXUVHOIC$WWKLVPRPHQWDIULHQGD
IDWKHUZKROLYHVIRUP\KDSSLQHVVDQGWKDWRI0D[LPLOLDQ
ZDWFKHVRYHUPH


1242

$ODVDODVZKDWDIHDUIXOH[WUHPLW\
9DOHQWLQHZRXOG\RXUDWKHUGHQRXQFH\RXUVWHSPRWKHU"
,ZRXOGUDWKHUGLHDKXQGUHGWLPHVRK\HVGLH
1R\RXZLOOQRWGLHEXWZLOO\RXSURPLVHPHZKDWHYHU
KDSSHQVWKDW\RXZLOOQRWFRPSODLQEXWKRSH"
,ZLOOWKLQNRI0D[LPLOLDQ
<RXDUHP\RZQGDUOLQJFKLOG9DOHQWLQH,DORQHFDQVDYH
\RXDQG,ZLOO9DOHQWLQHLQWKHH[WUHPLW\RIKHUWHUURU
MRLQHGKHUKDQGVIRUVKHIHOWWKDWWKHPRPHQWKDG
DUULYHGWRDVNIRUFRXUDJHDQGEHJDQWRSUD\DQGZKLOH
XWWHULQJOLWWOHPRUHWKDQLQFRKHUHQWZRUGVVKHIRUJRWWKDW
KHUZKLWHVKRXOGHUVKDGQRRWKHUFRYHULQJWKDQKHUORQJ
KDLUDQGWKDWWKHSXOVDWLRQVRIKHUKHDUWFRXOGKHVHHQ
WKURXJKWKHODFHRIKHUQLJKWGUHVV0RQWH&ULVWRJHQWO\ODLG
KLVKDQGRQWKH\RXQJJLUO
VDUPGUHZWKHYHOYHWFRYHUOHW
FORVHWRKHUWKURDWDQGVDLGZLWKDSDWHUQDOVPLOH0\
FKLOGEHOLHYHLQP\GHYRWLRQWR\RXDV\RXEHOLHYHLQWKH
JRRGQHVVRISURYLGHQFHDQGWKHORYHRI0D[LPLOLDQ
7KHQKHGUHZIURPKLVZDLVWFRDWSRFNHWWKHOLWWOHHPHUDOG
ER[UDLVHGWKHJROGHQOLGDQGWRRNIURPLWDSDVWLOOH
DERXWWKHVL]HRIDSHDZKLFKKHSODFHGLQKHUKDQG6KH
WRRNLWDQGORRNHGDWWHQWLYHO\RQWKHFRXQWWKHUHZDVDQ
H[SUHVVLRQRQWKHIDFHRIKHULQWUHSLGSURWHFWRUZKLFK
FRPPDQGHGKHUYHQHUDWLRQ6KHHYLGHQWO\LQWHUURJDWHGKLPE\
KHUORRN<HVVDLGKH9DOHQWLQHFDUULHGWKHSDVWLOOHWR
KHUPRXWKDQGVZDOORZHGLW$QGQRZP\GHDUFKLOGDGLHX
IRUWKHSUHVHQW,ZLOOWU\DQGJDLQDOLWWOHVOHHSIRU\RX
DUHVDYHG
*RVDLG9DOHQWLQHZKDWHYHUKDSSHQV,SURPLVH\RXQRW
WRIHDU
0RQWH&ULVWRIRUVRPHWLPHNHSWKLVH\HVIL[HGRQWKH\RXQJ
JLUOZKRJUDGXDOO\IHOODVOHHS\LHOGLQJWRWKHHIIHFWVRI
WKHQDUFRWLFWKHFRXQWKDGJLYHQKHU7KHQKHWRRNWKH
JODVVHPSWLHGWKUHHSDUWVRIWKHFRQWHQWVLQWKHILUHSODFH
WKDWLWPLJKWEHVXSSRVHG9DOHQWLQHKDGWDNHQLWDQG

1243

UHSODFHGLWRQWKHWDEOHWKHQKHGLVDSSHDUHGDIWHU
WKURZLQJDIDUHZHOOJODQFHRQ9DOHQWLQHZKRVOHSWZLWKWKH
FRQILGHQFHDQGLQQRFHQFHRIDQDQJHO

&KDSWHU
9DOHQWLQH
7KHQLJKWOLJKWFRQWLQXHGWREXUQRQWKHFKLPQH\SLHFH
H[KDXVWLQJWKHODVWGURSVRIRLOZKLFKIORDWHGRQWKH
VXUIDFHRIWKHZDWHU7KHJOREHRIWKHODPSDSSHDUHGRID
UHGGLVKKXHDQGWKHIODPHEULJKWHQLQJEHIRUHLWH[SLUHG
WKUHZRXWWKHODVWIOLFNHULQJVZKLFKLQDQLQDQLPDWHREMHFW
KDYHEHHQVRRIWHQFRPSDUHGZLWKWKHFRQYXOVLRQVRIDKXPDQ
FUHDWXUHLQLWVILQDODJRQLHV$GXOODQGGLVPDOOLJKWZDV
VKHGRYHUWKHEHGFORWKHVDQGFXUWDLQVVXUURXQGLQJWKH\RXQJ
JLUO$OOQRLVHLQWKHVWUHHWVKDGFHDVHGDQGWKHVLOHQFH
ZDVIULJKWIXO,WZDVWKHQWKDWWKHGRRURI(GZDUG
VURRP
RSHQHGDQGDKHDGZHKDYHEHIRUHQRWLFHGDSSHDUHGLQWKH
JODVVRSSRVLWHLWZDV0DGDPHGH9LOOHIRUWZKRFDPHWR
ZLWQHVVWKHHIIHFWVRIWKHGULQNVKHKDGSUHSDUHG6KH
VWRSSHGLQWKHGRRUZD\OLVWHQHGIRUDPRPHQWWRWKH
IOLFNHULQJRIWKHODPSWKHRQO\VRXQGLQWKDWGHVHUWHG
URRPDQGWKHQDGYDQFHGWRWKHWDEOHWRVHHLI9DOHQWLQH
V
JODVVZHUHHPSW\,WZDVVWLOODERXWDTXDUWHUIXOODVZH
EHIRUHVWDWHG0DGDPHGH9LOOHIRUWHPSWLHGWKHFRQWHQWVLQWR
WKHDVKHVZKLFKVKHGLVWXUEHGWKDWWKH\PLJKWWKHPRUH
UHDGLO\DEVRUEWKHOLTXLGWKHQVKHFDUHIXOO\ULQVHGWKH
JODVVDQGZLSLQJLWZLWKKHUKDQGNHUFKLHIUHSODFHGLWRQ
WKHWDEOH
,IDQ\RQHFRXOGKDYHORRNHGLQWRWKHURRPMXVWWKHQKH
ZRXOGKDYHQRWLFHGWKHKHVLWDWLRQZLWKZKLFK0DGDPHGH
9LOOHIRUWDSSURDFKHGWKHEHGDQGORRNHGIL[HGO\RQ
9DOHQWLQH7KHGLPOLJKWWKHSURIRXQGVLOHQFHDQGWKH
JORRP\WKRXJKWVLQVSLUHGE\WKHKRXUDQGVWLOOPRUHE\KHU
RZQFRQVFLHQFHDOOFRPELQHGWRSURGXFHDVHQVDWLRQRIIHDU
WKHSRLVRQHUZDVWHUULILHGDWWKHFRQWHPSODWLRQRIKHURZQ
ZRUN$WOHQJWKVKHUDOOLHGGUHZDVLGHWKHFXUWDLQDQG
OHDQLQJRYHUWKHSLOORZJD]HGLQWHQWO\RQ9DOHQWLQH7KH
\RXQJJLUOQRORQJHUEUHDWKHGQREUHDWKLVVXHGWKURXJKWKH
KDOIFORVHGWHHWKWKHZKLWHOLSVQRORQJHUTXLYHUHGWKH
H\HVZHUHVXIIXVHGZLWKDEOXLVKYDSRUDQGWKHORQJEODFN

1244

ODVKHVUHVWHGRQDFKHHNZKLWHDVZD[0DGDPHGH9LOOHIRUW
JD]HGXSRQWKHIDFHVRH[SUHVVLYHHYHQLQLWVVWLOOQHVV
WKHQVKHYHQWXUHGWRUDLVHWKHFRYHUOHWDQGSUHVVKHUKDQG
XSRQWKH\RXQJJLUO
VKHDUW,WZDVFROGDQGPRWLRQOHVV6KH
RQO\IHOWWKHSXOVDWLRQLQKHURZQILQJHUVDQGZLWKGUHZKHU
KDQGZLWKDVKXGGHU2QHDUPZDVKDQJLQJRXWRIWKHEHG
IURPVKRXOGHUWRHOERZLWZDVPRXOGHGDIWHUWKHDUPVRI
*HUPDLQ3LOORQ
V*UDFHV EXWWKHIRUHDUPVHHPHGWREH
VOLJKWO\GLVWRUWHGE\FRQYXOVLRQDQGWKHKDQGVR
GHOLFDWHO\IRUPHGZDVUHVWLQJZLWKVWLIIRXWVWUHWFKHG
ILQJHUVRQWKHIUDPHZRUNRIWKHEHG7KHQDLOVWRRZHUH
WXUQLQJEOXH
*HUPDLQ3LOORQZDVDIDPRXV)UHQFKVFXOSWRU  
+LVEHVWNQRZQZRUNLV7KH7KUHH*UDFHVQRZLQWKH
/RXYUH
0DGDPHGH9LOOHIRUWKDGQRORQJHUDQ\GRXEWDOOZDVRYHU
VKHKDGFRQVXPPDWHGWKHODVWWHUULEOHZRUNVKHKDGWR
DFFRPSOLVK7KHUHZDVQRPRUHWRGRLQWKHURRPVRWKH
SRLVRQHUUHWLUHGVWHDOWKLO\DVWKRXJKIHDULQJWRKHDUWKH
VRXQGRIKHURZQIRRWVWHSVEXWDVVKHZLWKGUHZVKHVWLOO
KHOGDVLGHWKHFXUWDLQDEVRUEHGLQWKHLUUHVLVWLEOH
DWWUDFWLRQDOZD\VH[HUWHGE\WKHSLFWXUHRIGHDWKVRORQJ
DVLWLVPHUHO\P\VWHULRXVDQGGRHVQRWH[FLWHGLVJXVW-XVW
WKHQWKHODPSDJDLQIOLFNHUHGWKHQRLVHVWDUWOHG0DGDPHGH
9LOOHIRUWZKRVKXGGHUHGDQGGURSSHGWKHFXUWDLQ
,PPHGLDWHO\DIWHUZDUGVWKHOLJKWH[SLUHGDQGWKHURRPZDV
SOXQJHGLQIULJKWIXOREVFXULW\ZKLOHWKHFORFNDWWKDW
PLQXWHVWUXFNKDOISDVWIRXU2YHUSRZHUHGZLWKDJLWDWLRQ
WKHSRLVRQHUVXFFHHGHGLQJURSLQJKHUZD\WRWKHGRRUDQG
UHDFKHGKHUURRPLQDQDJRQ\RIIHDU
7KHGDUNQHVVODVWHGWZRKRXUVORQJHUWKHQE\GHJUHHVDFROG
OLJKWFUHSWWKURXJKWKH9HQHWLDQEOLQGVXQWLODWOHQJWKLW
UHYHDOHGWKHREMHFWVLQWKHURRP$ERXWWKLVWLPHWKH
QXUVH
VFRXJKZDVKHDUGRQWKHVWDLUVDQGWKHZRPDQHQWHUHG
WKHURRPZLWKDFXSLQKHUKDQG7RWKHWHQGHUH\HRID
IDWKHURUDORYHUWKHILUVWJODQFHZRXOGKDYHVXIILFHGWR
UHYHDO9DOHQWLQH
VFRQGLWLRQEXWWRWKLVKLUHOLQJ
9DOHQWLQHRQO\DSSHDUHGWRVOHHS*RRGVKHH[FODLPHG
DSSURDFKLQJWKHWDEOHVKHKDVWDNHQSDUWRIKHUGUDXJKW
WKHJODVVLVWKUHHTXDUWHUVHPSW\

1245

7KHQVKHZHQWWRWKHILUHSODFHDQGOLWWKHILUHDQG
DOWKRXJKVKHKDGMXVWOHIWKHUEHGVKHFRXOGQRWUHVLVWWKH
WHPSWDWLRQRIIHUHGE\9DOHQWLQH
VVOHHSVRVKHWKUHZ
KHUVHOILQWRDQDUPFKDLUWRVQDWFKDOLWWOHPRUHUHVW7KH
FORFNVWULNLQJHLJKWDZRNHKHU$VWRQLVKHGDWWKHSURORQJHG
VOXPEHURIWKHSDWLHQWDQGIULJKWHQHGWRVHHWKDWWKHDUP
ZDVVWLOOKDQJLQJRXWRIWKHEHGVKHDGYDQFHGWRZDUGV
9DOHQWLQHDQGIRUWKHILUVWWLPHQRWLFHGWKHZKLWHOLSV
6KHWULHGWRUHSODFHWKHDUPEXWLWPRYHGZLWKDIULJKWIXO
ULJLGLW\ZKLFKFRXOGQRWGHFHLYHDVLFNQXUVH6KHVFUHDPHG
DORXGWKHQUXQQLQJWRWKHGRRUH[FODLPHG+HOSKHOS
:KDWLVWKHPDWWHU"DVNHG0G
$YULJQ\DWWKHIRRWRIWKH
VWDLUVLWEHLQJWKHKRXUKHXVXDOO\YLVLWHGKHU
:KDWLVLW"DVNHG9LOOHIRUWUXVKLQJIURPKLVURRP
'RFWRUGR\RXKHDUWKHPFDOOIRUKHOS"
<HV\HVOHWXVKDVWHQXSLWZDVLQ9DOHQWLQH
VURRP
%XWEHIRUHWKHGRFWRUDQGWKHIDWKHUFRXOGUHDFKWKHURRP
WKHVHUYDQWVZKRZHUHRQWKHVDPHIORRUKDGHQWHUHGDQG
VHHLQJ9DOHQWLQHSDOHDQGPRWLRQOHVVRQKHUEHGWKH\OLIWHG
XSWKHLUKDQGVWRZDUGVKHDYHQDQGVWRRGWUDQVIL[HGDV
WKRXJKVWUXFNE\OLJKWHQLQJ&DOO0DGDPHGH9LOOHIRUW
ZDNH0DGDPHGH9LOOHIRUWFULHGWKHSURFXUHXUIURPWKHGRRU
RIKLVFKDPEHUZKLFKDSSDUHQWO\KHVFDUFHO\GDUHGWROHDYH
%XWLQVWHDGRIREH\LQJKLPWKHVHUYDQWVVWRRGZDWFKLQJ0
G
$YULJQ\ZKRUDQWR9DOHQWLQHDQGUDLVHGKHULQKLVDUPV
:KDW"WKLVRQHWRR"KHH[FODLPHG2KZKHUHZLOOEH
WKHHQG"9LOOHIRUWUXVKHGLQWRWKHURRP:KDWDUH\RX
VD\LQJGRFWRU"KHH[FODLPHGUDLVLQJKLVKDQGVWRKHDYHQ
,VD\WKDW9DOHQWLQHLVGHDGUHSOLHGG
$YULJQ\LQD
YRLFHWHUULEOHLQLWVVROHPQFDOP
0GH9LOOHIRUWVWDJJHUHGDQGEXULHGKLVKHDGLQWKHEHG2Q
WKHH[FODPDWLRQRIWKHGRFWRUDQGWKHFU\RIWKHIDWKHUWKH
VHUYDQWVDOOIOHGZLWKPXWWHUHGLPSUHFDWLRQVWKH\ZHUH
KHDUGUXQQLQJGRZQWKHVWDLUVDQGWKURXJKWKHORQJSDVVDJHV
WKHQWKHUHZDVDUXVKLQWKHFRXUWDIWHUZDUGVDOOZDV
VWLOOWKH\KDGRQHDQGDOOGHVHUWHGWKHDFFXUVHGKRXVH
-XVWWKHQ0DGDPHGH9LOOHIRUWLQWKHDFWRIVOLSSLQJRQ
KHUGUHVVLQJJRZQWKUHZDVLGHWKHGUDSHU\DQGIRUDPRPHQW
VWRRGPRWLRQOHVVDVWKRXJKLQWHUURJDWLQJWKHRFFXSDQWVRI

1246

WKHURRPZKLOHVKHHQGHDYRUHGWRFDOOXSVRPHUHEHOOLRXV
WHDUV2QDVXGGHQVKHVWHSSHGRUUDWKHUERXQGHGZLWK
RXWVWUHWFKHGDUPVWRZDUGVWKHWDEOH6KHVDZG
$YULJQ\
FXULRXVO\H[DPLQLQJWKHJODVVZKLFKVKHIHOWFHUWDLQRI
KDYLQJHPSWLHGGXULQJWKHQLJKW,WZDVQRZDWKLUGIXOO
MXVWDVLWZDVZKHQVKHWKUHZWKHFRQWHQWVLQWRWKHDVKHV
7KHVSHFWUHRI9DOHQWLQHULVLQJEHIRUHWKHSRLVRQHUZRXOG
KDYHDODUPHGKHUOHVV,WZDVLQGHHGWKHVDPHFRORUDVWKH
GUDXJKWVKHKDGSRXUHGLQWRWKHJODVVDQGZKLFK9DOHQWLQH
KDGGUDQNLWZDVLQGHHGWKHSRLVRQZKLFKFRXOGQRWGHFHLYH
0G
$YULJQ\ZKLFKKHQRZH[DPLQHGVRFORVHO\LWZDV
GRXEWOHVVDPLUDFOHIURPKHDYHQWKDWQRWZLWKVWDQGLQJKHU
SUHFDXWLRQVWKHUHVKRXOGEHVRPHWUDFHVRPHSURRI
UHPDLQLQJWRUHYHDOWKHFULPH:KLOH0DGDPHGH9LOOHIRUW
UHPDLQHGURRWHGWRWKHVSRWOLNHDVWDWXHRIWHUURUDQG
9LOOHIRUWZLWKKLVKHDGKLGGHQLQWKHEHGFORWKHVVDZ
QRWKLQJDURXQGKLPG
$YULJQ\DSSURDFKHGWKHZLQGRZWKDWKH
PLJKWWKHEHWWHUH[DPLQHWKHFRQWHQWVRIWKHJODVVDQG
GLSSLQJWKHWLSRIKLVILQJHULQWDVWHGLW$KKH
H[FODLPHGLWLVQRORQJHUEUXFLQHWKDWLVXVHGOHWPHVHH
ZKDWLWLV
7KHQKHUDQWRRQHRIWKHFXSERDUGVLQ9DOHQWLQH
VURRP
ZKLFKKDGEHHQWUDQVIRUPHGLQWRDPHGLFLQHFORVHWDQG
WDNLQJIURPLWVVLOYHUFDVHDVPDOOERWWOHRIQLWULFDFLG
GURSSHGDOLWWOHRILWLQWRWKHOLTXRUZKLFKLPPHGLDWHO\
FKDQJHGWRDEORRGUHGFRORU$KH[FODLPHGG
$YULJQ\LQ
DYRLFHLQZKLFKWKHKRUURURIDMXGJHXQYHLOLQJWKHWUXWK
ZDVPLQJOHGZLWKWKHGHOLJKWRIDVWXGHQWPDNLQJD
GLVFRYHU\0DGDPHGH9LOOHIRUWZDVRYHUSRZHUHGKHUH\HV
ILUVWIODVKHGDQGWKHQVZDPVKHVWDJJHUHGWRZDUGVWKHGRRU
DQGGLVDSSHDUHG'LUHFWO\DIWHUZDUGVWKHGLVWDQWVRXQGRID
KHDY\ZHLJKWIDOOLQJRQWKHJURXQGZDVKHDUGEXWQRRQH
SDLGDQ\DWWHQWLRQWRLWWKHQXUVHZDVHQJDJHGLQZDWFKLQJ
WKHFKHPLFDODQDO\VLVDQG9LOOHIRUWZDVVWLOODEVRUEHGLQ
JULHI0G
$YULJQ\DORQHKDGIROORZHG0DGDPHGH9LOOHIRUW
ZLWKKLVH\HVDQGZDWFKHGKHUKXUULHGUHWUHDW+HOLIWHGXS
WKHGUDSHU\RYHUWKHHQWUDQFHWR(GZDUG
VURRPDQGKLVH\H
UHDFKLQJDVIDUDV0DGDPHGH9LOOHIRUW
VDSDUWPHQWKH
EHKHOGKHUH[WHQGHGOLIHOHVVRQWKHIORRU*RWRWKH
DVVLVWDQFHRI0DGDPHGH9LOOHIRUWKHVDLGWRWKHQXUVH
0DGDPHGH9LOOHIRUWLVLOO
%XW0DGHPRLVHOOHGH9LOOHIRUWVWDPPHUHGWKHQXUVH

1247

0DGHPRLVHOOHGH9LOOHIRUWQRORQJHUUHTXLUHVKHOSVDLG
G
$YULJQ\VLQFHVKHLVGHDG
'HDGGHDGJURDQHGIRUWK9LOOHIRUWLQDSDUR[\VPRI
JULHIZKLFKZDVWKHPRUHWHUULEOHIURPWKHQRYHOW\RIWKH
VHQVDWLRQLQWKHLURQKHDUWRIWKDWPDQ
'HDGUHSHDWHGDWKLUGYRLFH:KRVDLG9DOHQWLQHZDV
GHDG"
7KHWZRPHQWXUQHGURXQGDQGVDZ0RUUHOVWDQGLQJDWWKH
GRRUSDOHDQGWHUURUVWULFNHQ7KLVLVZKDWKDGKDSSHQHG
$WWKHXVXDOWLPH0RUUHOKDGSUHVHQWHGKLPVHOIDWWKH
OLWWOHGRRUOHDGLQJWR1RLUWLHU
VURRP&RQWUDU\WRFXVWRP
WKHGRRUZDVRSHQDQGKDYLQJQRRFFDVLRQWRULQJKH
HQWHUHG+HZDLWHGIRUDPRPHQWLQWKHKDOODQGFDOOHGIRUD
VHUYDQWWRFRQGXFWKLPWR01RLUWLHUEXWQRRQHDQVZHUHG
WKHVHUYDQWVKDYLQJDVZHNQRZGHVHUWHGWKHKRXVH0RUUHO
KDGQRSDUWLFXODUUHDVRQIRUXQHDVLQHVV0RQWH&ULVWRKDG
SURPLVHGKLPWKDW9DOHQWLQHVKRXOGOLYHDQGVRIDUKHKDG
DOZD\VIXOILOOHGKLVZRUG(YHU\QLJKWWKHFRXQWKDGJLYHQ
KLPQHZVZKLFKZDVWKHQH[WPRUQLQJFRQILUPHGE\1RLUWLHU
6WLOOWKLVH[WUDRUGLQDU\VLOHQFHDSSHDUHGVWUDQJHWRKLP
DQGKHFDOOHGDVHFRQGDQGWKLUGWLPHVWLOOQRDQVZHU7KHQ
KHGHWHUPLQHGWRJRXS1RLUWLHU
VURRPZDVRSHQHGOLNHDOO
WKHUHVW7KHILUVWWKLQJKHVDZZDVWKHROGPDQVLWWLQJLQ
KLVDUPFKDLULQKLVXVXDOSODFHEXWKLVH\HVH[SUHVVHG
DODUPZKLFKZDVFRQILUPHGE\WKHSDOORUZKLFKRYHUVSUHDG
KLVIHDWXUHV
+RZDUH\RXVLU"DVNHG0RUUHOZLWKDVLFNQHVVRIKHDUW
:HOODQVZHUHGWKHROGPDQE\FORVLQJKLVH\HVEXWKLV
DSSHDUDQFHPDQLIHVWHGLQFUHDVLQJXQHDVLQHVV
<RXDUHWKRXJKWIXOVLUFRQWLQXHG0RUUHO\RXZDQW
VRPHWKLQJVKDOO,FDOORQHRIWKHVHUYDQWV"
<HVUHSOLHG1RLUWLHU
0RUUHOSXOOHGWKHEHOOEXWWKRXJKKHQHDUO\EURNHWKHFRUG
QRRQHDQVZHUHG+HWXUQHGWRZDUGV1RLUWLHUWKHSDOORUDQG
DQJXLVKH[SUHVVHGRQKLVFRXQWHQDQFHPRPHQWDULO\LQFUHDVHG

1248

2KH[FODLPHG0RUUHOZK\GRWKH\QRWFRPH",VDQ\RQH
LOOLQWKHKRXVH"7KHH\HVRI1RLUWLHUVHHPHGDVWKRXJK
WKH\ZRXOGVWDUWIURPWKHLUVRFNHWV:KDWLVWKHPDWWHU"
<RXDODUPPH9DOHQWLQH"9DOHQWLQH"
<HV\HVVLJQHG1RLUWLHU0D[LPLOLDQWULHGWRVSHDNEXW
KHFRXOGDUWLFXODWHQRWKLQJKHVWDJJHUHGDQGVXSSRUWHG
KLPVHOIDJDLQVWWKHZDLQVFRW7KHQKHSRLQWHGWRWKHGRRU
<HV\HV\HVFRQWLQXHGWKHROGPDQ0D[LPLOLDQUXVKHGXS
WKHOLWWOHVWDLUFDVHZKLOH1RLUWLHU
VH\HVVHHPHGWRVD\
4XLFNHUTXLFNHU
,QDPLQXWHWKH\RXQJPDQGDUWHGWKURXJKVHYHUDOURRPVWLOO
DWOHQJWKKHUHDFKHG9DOHQWLQH
V7KHUHZDVQRRFFDVLRQWR
SXVKWKHGRRULWZDVZLGHRSHQ$VREZDVWKHRQO\VRXQGKH
KHDUG+HVDZDVWKRXJKLQDPLVWDEODFNILJXUHNQHHOLQJ
DQGEXULHGLQDFRQIXVHGPDVVRIZKLWHGUDSHU\$WHUULEOH
IHDUWUDQVIL[HGKLP,WZDVWKHQKHKHDUGDYRLFHH[FODLP
9DOHQWLQHLVGHDGDQGDQRWKHUYRLFHZKLFKOLNHDQHFKR
UHSHDWHG'HDGGHDG

&KDSWHU
0D[LPLOLDQ
9LOOHIRUWURVHKDOIDVKDPHGRIEHLQJVXUSULVHGLQVXFKD
SDUR[\VPRIJULHI7KHWHUULEOHRIILFHKHKDGKHOGIRU
WZHQW\ILYH\HDUVKDGVXFFHHGHGLQPDNLQJKLPPRUHRUOHVV
WKDQPDQ+LVJODQFHDWILUVWZDQGHULQJIL[HGLWVHOIXSRQ
0RUUHO:KRDUH\RXVLUKHDVNHGWKDWIRUJHWWKDWWKLV
LVQRWWKHPDQQHUWRHQWHUDKRXVHVWULFNHQZLWKGHDWK"*R
VLUJR%XW0RUUHOUHPDLQHGPRWLRQOHVVKHFRXOGQRW
GHWDFKKLVH\HVIURPWKDWGLVRUGHUHGEHGDQGWKHSDOH
FRUSVHRIWKH\RXQJJLUOZKRZDVO\LQJRQLW*RGR\RX
KHDU"VDLG9LOOHIRUWZKLOHG
$YULJQ\DGYDQFHGWROHDG
0RUUHORXW0D[LPLOLDQVWDUHGIRUDPRPHQWDWWKHFRUSVH
JD]HGDOODURXQGWKHURRPWKHQXSRQWKHWZRPHQKHRSHQHG
KLVPRXWKWRVSHDNEXWILQGLQJLWLPSRVVLEOHWRJLYH
XWWHUDQFHWRWKHLQQXPHUDEOHLGHDVWKDWRFFXSLHGKLVEUDLQ
KHZHQWRXWWKUXVWLQJKLVKDQGVWKURXJKKLVKDLULQVXFKD
PDQQHUWKDW9LOOHIRUWDQGG
$YULJQ\IRUDPRPHQWGLYHUWHG

1249

IURPWKHHQJURVVLQJWRSLFH[FKDQJHGJODQFHVZKLFKVHHPHG
WRVD\+HLVPDG
%XWLQOHVVWKDQILYHPLQXWHVWKHVWDLUFDVHJURDQHGEHQHDWK
DQH[WUDRUGLQDU\ZHLJKW0RUUHOZDVVHHQFDUU\LQJZLWK
VXSHUKXPDQVWUHQJWKWKHDUPFKDLUFRQWDLQLQJ1RLUWLHU
XSVWDLUV:KHQKHUHDFKHGWKHODQGLQJKHSODFHGWKH
DUPFKDLURQWKHIORRUDQGUDSLGO\UROOHGLWLQWR
9DOHQWLQH
VURRP7KLVFRXOGRQO\KDYHEHHQDFFRPSOLVKHGE\
PHDQVRIXQQDWXUDOVWUHQJWKVXSSOLHGE\SRZHUIXOH[FLWHPHQW
%XWWKHPRVWIHDUIXOVSHFWDFOHZDV1RLUWLHUEHLQJSXVKHG
WRZDUGVWKHEHGKLVIDFHH[SUHVVLQJDOOKLVPHDQLQJDQG
KLVH\HVVXSSO\LQJWKHZDQWRIHYHU\RWKHUIDFXOW\7KDW
SDOHIDFHDQGIODPLQJJODQFHDSSHDUHGWR9LOOHIRUWOLNHD
IULJKWIXODSSDULWLRQ(DFKWLPHKHKDGEHHQEURXJKWLQWR
FRQWDFWZLWKKLVIDWKHUVRPHWKLQJWHUULEOHKDGKDSSHQHG
6HHZKDWWKH\KDYHGRQHFULHG0RUUHOZLWKRQHKDQG
OHDQLQJRQWKHEDFNRIWKHFKDLUDQGWKHRWKHUH[WHQGHG
WRZDUGV9DOHQWLQH6HHP\IDWKHUVHH
9LOOHIRUWGUHZEDFNDQGORRNHGZLWKDVWRQLVKPHQWRQWKH
\RXQJPDQZKRDOPRVWDVWUDQJHUWRKLPFDOOHG1RLUWLHU
KLVIDWKHU$WWKLVPRPHQWWKHZKROHVRXORIWKHROGPDQ
VHHPHGFHQWUHGLQKLVH\HVZKLFKEHFDPHEORRGVKRWWKHYHLQV
RIWKHWKURDWVZHOOHGKLVFKHHNVDQGWHPSOHVEHFDPHSXUSOH
DVWKRXJKKHZDVVWUXFNZLWKHSLOHSV\QRWKLQJZDVZDQWLQJ
WRFRPSOHWHWKLVEXWWKHXWWHUDQFHRIDFU\$QGWKHFU\
LVVXHGIURPKLVSRUHVLIZHPD\WKXVVSHDNDFU\
IULJKWIXOLQLWVVLOHQFH'
$YULJQ\UXVKHGWRZDUGVWKHROG
PDQDQGPDGHKLPLQKDOHDSRZHUIXOUHVWRUDWLYH
6LUFULHG0RUUHOVHL]LQJWKHPRLVWKDQGRIWKH
SDUDO\WLFWKH\DVNPHZKR,DPDQGZKDWULJKW,KDYHWR
EHKHUH2K\RXNQRZLWWHOOWKHPWHOOWKHP$QGWKH
\RXQJPDQ
VYRLFHZDVFKRNHGE\VREV$VIRUWKHROGPDQ
KLVFKHVWKHDYHGZLWKKLVSDQWLQJUHVSLUDWLRQ2QHFRXOG
KDYHWKRXJKWWKDWKHZDVXQGHUJRLQJWKHDJRQLHVSUHFHGLQJ
GHDWK$WOHQJWKKDSSLHUWKDQWKH\RXQJPDQZKRVREEHG
ZLWKRXWZHHSLQJWHDUVJOLVWHQHGLQWKHH\HVRI1RLUWLHU
7HOOWKHPVDLG0RUUHOLQDKRDUVHYRLFHWHOOWKHPWKDW
,DPKHUEHWURWKHG7HOOWKHPVKHZDVP\EHORYHGP\QREOH
JLUOP\RQO\EOHVVLQJLQWKHZRUOG7HOOWKHPRKWHOO
WKHPWKDWFRUSVHEHORQJVWRPH

1250

7KH\RXQJPDQRYHUZKHOPHGE\WKHZHLJKWRIKLVDQJXLVKIHOO
KHDYLO\RQKLVNQHHVEHIRUHWKHEHGZKLFKKLVILQJHUV
JUDVSHGZLWKFRQYXOVLYHHQHUJ\'
$YULJQ\XQDEOHWREHDU
WKHVLJKWRIWKLVWRXFKLQJHPRWLRQWXUQHGDZD\DQG
9LOOHIRUWZLWKRXWVHHNLQJDQ\IXUWKHUH[SODQDWLRQDQG
DWWUDFWHGWRZDUGVKLPE\WKHLUUHVLVWLEOHPDJQHWLVPZKLFK
GUDZVXVWRZDUGVWKRVHZKRKDYHORYHGWKHSHRSOHIRUZKRPZH
PRXUQH[WHQGHGKLVKDQGWRZDUGVWKH\RXQJPDQ%XW0RUUHO
VDZQRWKLQJKHKDGJUDVSHGWKHKDQGRI9DOHQWLQHDQG
XQDEOHWRZHHSYHQWHGKLVDJRQ\LQJURDQVDVKHELWWKH
VKHHWV)RUVRPHWLPHQRWKLQJZDVKHDUGLQWKDWFKDPEHUEXW
VREVH[FODPDWLRQVDQGSUD\HUV$WOHQJWK9LOOHIRUWWKH
PRVWFRPSRVHGRIDOOVSRNH6LUVDLGKHWR0D[LPLOLDQ
\RXVD\\RXORYHG9DOHQWLQHWKDW\RXZHUHEHWURWKHGWR
KHU,NQHZQRWKLQJRIWKLVHQJDJHPHQWRIWKLVORYH\HW,
KHUIDWKHUIRUJLYH\RXIRU,VHHWKDW\RXUJULHILVUHDO
DQGGHHSDQGEHVLGHVP\RZQVRUURZLVWRRJUHDWIRUDQJHU
WRILQGDSODFHLQP\KHDUW%XW\RXVHHWKDWWKHDQJHOZKRP
\RXKRSHGIRUKDVOHIWWKLVHDUWKVKHKDVQRWKLQJPRUHWR
GRZLWKWKHDGRUDWLRQRIPHQ7DNHDODVWIDUHZHOOVLURI
KHUVDGUHPDLQVWDNHWKHKDQG\RXH[SHFWHGWRSRVVHVVRQFH
PRUHZLWKLQ\RXURZQDQGWKHQVHSDUDWH\RXUVHOIIURPKHU
IRUHYHU9DOHQWLQHQRZUHTXLUHVRQO\WKHPLQLVWUDWLRQVRI
WKHSULHVW
<RXDUHPLVWDNHQVLUH[FODLPHG0RUUHOUDLVLQJKLPVHOI
RQRQHNQHHKLVKHDUWSLHUFHGE\DPRUHDFXWHSDQJWKDQDQ\
KHKDG\HWIHOW\RXDUHPLVWDNHQ9DOHQWLQHG\LQJDV
VKHKDVQRWRQO\UHTXLUHVDSULHVWEXWDQDYHQJHU<RX0
GH9LOOHIRUWVHQGIRUWKHSULHVW,ZLOOEHWKHDYHQJHU
:KDWGR\RXPHDQVLU"DVNHG9LOOHIRUWWUHPEOLQJDWWKH
QHZLGHDLQVSLUHGE\WKHGHOLULXPRI0RUUHO
,WHOO\RXVLUWKDWWZRSHUVRQVH[LVWLQ\RXWKHIDWKHU
KDVPRXUQHGVXIILFLHQWO\QRZOHWWKHSURFXUHXUIXOILOKLV
RIILFH
7KHH\HVRI1RLUWLHUJOLVWHQHGDQGG
$YULJQ\DSSURDFKHG
*HQWOHPHQVDLG0RUUHOUHDGLQJDOOWKDWSDVVHGWKURXJK
WKHPLQGVRIWKHZLWQHVVHVWRWKHVFHQH,NQRZZKDW,DP
VD\LQJDQG\RXNQRZDVZHOODV,GRZKDW,DPDERXWWRVD\
9DOHQWLQHKDVEHHQDVVDVVLQDWHG9LOOHIRUWKXQJKLV

1251

KHDGG
$YULJQ\DSSURDFKHGQHDUHUDQG1RLUWLHUVDLG<HV
ZLWKKLVH\HV1RZVLUFRQWLQXHG0RUUHOLQWKHVHGD\V
QRRQHFDQGLVDSSHDUE\YLROHQWPHDQVZLWKRXWVRPHLQTXLULHV
EHLQJPDGHDVWRWKHFDXVHRIKHUGLVDSSHDUDQFHHYHQZHUH
VKHQRWD\RXQJEHDXWLIXODQGDGRUDEOHFUHDWXUHOLNH
9DOHQWLQH0U3URFXUHXUVDLG0RUUHOZLWKLQFUHDVLQJ
YHKHPHQFHQRPHUF\LVDOORZHG,GHQRXQFHWKHFULPHLWLV
\RXUSODFHWRVHHNWKHDVVDVVLQ7KH\RXQJPDQ
VLPSODFDEOH
H\HVLQWHUURJDWHG9LOOHIRUWZKRRQKLVVLGHJODQFHGIURP
1RLUWLHUWRG
$YULJQ\%XWLQVWHDGRIILQGLQJV\PSDWK\LQ
WKHH\HVRIWKHGRFWRUDQGKLVIDWKHUKHRQO\VDZDQ
H[SUHVVLRQDVLQIOH[LEOHDVWKDWRI0D[LPLOLDQ<HV
LQGLFDWHGWKHROGPDQ
$VVXUHGO\VDLGG
$YULJQ\
6LUVDLG9LOOHIRUWVWULYLQJWRVWUXJJOHDJDLQVWWKLV
WULSOHIRUFHDQGKLVRZQHPRWLRQVLU\RXDUHGHFHLYHG
QRRQHFRPPLWVFULPHVKHUH,DPVWULFNHQE\IDWH,WLV
KRUULEOHLQGHHGEXWQRRQHDVVDVVLQDWHV
7KHH\HVRI1RLUWLHUOLJKWHGXSZLWKUDJHDQGG
$YULJQ\
SUHSDUHGWRVSHDN0RUUHOKRZHYHUH[WHQGHGKLVDUPDQG
FRPPDQGHGVLOHQFH$QG,VD\WKDWPXUGHUVDUHFRPPLWWHG
KHUHVDLG0RUUHOZKRVHYRLFHWKRXJKORZHULQWRQHORVW
QRQHRILWVWHUULEOHGLVWLQFWQHVV,WHOO\RXWKDWWKLVLV
WKHIRXUWKYLFWLPZLWKLQWKHODVWIRXUPRQWKV,WHOO\RX
9DOHQWLQH
VOLIHZDVDWWHPSWHGE\SRLVRQIRXUGD\VDJR
WKRXJKVKHHVFDSHGRZLQJWRWKHSUHFDXWLRQVRI01RLUWLHU
,WHOO\RXWKDWWKHGRVHKDVEHHQGRXEOHWKHSRLVRQ
FKDQJHGDQGWKDWWKLVWLPHLWKDVVXFFHHGHG,WHOO\RX
WKDW\RXNQRZWKHVHWKLQJVDVZHOODV,GRVLQFHWKLV
JHQWOHPDQKDVIRUHZDUQHG\RXERWKDVDGRFWRUDQGDVD
IULHQG
2K\RXUDYHVLUH[FODLPHG9LOOHIRUWLQYDLQ
HQGHDYRULQJWRHVFDSHWKHQHWLQZKLFKKHZDVWDNHQ
,UDYH"VDLG0RUUHOZHOOWKHQ,DSSHDOWR0G
$YULJQ\
KLPVHOI$VNKLPVLULIKHUHFROOHFWVWKHZRUGVKHXWWHUHG
LQWKHJDUGHQRIWKLVKRXVHRQWKHQLJKWRI0DGDPHGH
6DLQW0HUDQ
VGHDWK<RXWKRXJKW\RXUVHOYHVDORQHDQG
WDONHGDERXWWKDWWUDJLFDOGHDWKDQGWKHIDWDOLW\\RX
PHQWLRQHGWKHQLVWKHVDPHZKLFKKDVFDXVHGWKHPXUGHURI

1252

9DOHQWLQH9LOOHIRUWDQGG
$YULJQ\H[FKDQJHGORRNV<HV
\HVFRQWLQXHG0RUUHOUHFDOOWKHVFHQHIRUWKHZRUGV\RX
WKRXJKWZHUHRQO\JLYHQWRVLOHQFHDQGVROLWXGHIHOOLQWRP\
HDUV&HUWDLQO\DIWHUZLWQHVVLQJWKHFXOSDEOHLQGROHQFH
PDQLIHVWHGE\0GH9LOOHIRUWWRZDUGVKLVRZQUHODWLRQV,
RXJKWWRKDYHGHQRXQFHGKLPWRWKHDXWKRULWLHVWKHQ,
VKRXOGQRWKDYHEHHQDQDFFRPSOLFHWRWK\GHDWKDV,QRZ
DPVZHHWEHORYHG9DOHQWLQHEXWWKHDFFRPSOLFHVKDOO
EHFRPHWKHDYHQJHU7KLVIRXUWKPXUGHULVDSSDUHQWWRDOO
DQGLIWK\IDWKHUDEDQGRQWKHH9DOHQWLQHLWLV,DQG,
VZHDULWWKDWVKDOOSXUVXHWKHDVVDVVLQ$QGWKLVWLPHDV
WKRXJKQDWXUHKDGDWOHDVWWDNHQFRPSDVVLRQRQWKHYLJRURXV
IUDPHQHDUO\EXUVWLQJZLWKLWVRZQVWUHQJWKWKHZRUGVRI
0RUUHOZHUHVWLIOHGLQKLVWKURDWKLVEUHDVWKHDYHGWKH
WHDUVVRORQJUHEHOOLRXVJXVKHGIURPKLVH\HVDQGKH
WKUHZKLPVHOIZHHSLQJRQKLVNQHHVE\WKHVLGHRIWKHEHG
7KHQG
$YULJQ\VSRNH$QG,WRRKHH[FODLPHGLQDORZ
YRLFH,XQLWHZLWK00RUUHOLQGHPDQGLQJMXVWLFHIRU
FULPHP\EORRGERLOVDWWKHLGHDRIKDYLQJHQFRXUDJHGD
PXUGHUHUE\P\FRZDUGO\FRQFHVVLRQ
2KPHUFLIXOKHDYHQVPXUPXUHG9LOOHIRUW0RUUHOUDLVHG
KLVKHDGDQGUHDGLQJWKHH\HVRIWKHROGPDQZKLFKJOHDPHG
ZLWKXQQDWXUDOOXVWUH6WD\KHVDLG01RLUWLHU
ZLVKHVWRVSHDN
<HVLQGLFDWHG1RLUWLHUZLWKDQH[SUHVVLRQWKHPRUH
WHUULEOHIURPDOOKLVIDFXOWLHVEHLQJFHQWUHGLQKLV
JODQFH
'R\RXNQRZWKHDVVDVVLQ"DVNHG0RUUHO
<HVUHSOLHG1RLUWLHU
$QGZLOO\RXGLUHFWXV"H[FODLPHGWKH\RXQJPDQ/LVWHQ
0G
$YULJQ\OLVWHQ1RLUWLHUORRNHGXSRQ0RUUHOZLWKRQH
RIWKRVHPHODQFKRO\VPLOHVZKLFKKDGVRRIWHQPDGH9DOHQWLQH
KDSS\DQGWKXVIL[HGKLVDWWHQWLRQ7KHQKDYLQJULYHWHG
WKHH\HVRIKLVLQWHUORFXWRURQKLVRZQKHJODQFHGWRZDUGV
WKHGRRU
'R\RXZLVKPHWROHDYH"VDLG0RUUHOVDGO\

1253

<HVUHSOLHG1RLUWLHU
$ODVDODVVLUKDYHSLW\RQPH
7KHROGPDQ
VH\HVUHPDLQHGIL[HGRQWKHGRRU
0D\,DWOHDVWUHWXUQ"DVNHG0RUUHO
<HV
0XVW,OHDYHDORQH"
1R
:KRPDP,WRWDNHZLWKPH"7KHSURFXUHXU"
1R
7KHGRFWRU"
<HV
<RXZLVKWRUHPDLQDORQHZLWK0GH9LOOHIRUW"
<HV
%XWFDQKHXQGHUVWDQG\RX"
<HV
2KVDLG9LOOHIRUWLQH[SUHVVLEO\GHOLJKWHGWRWKLQNWKDW
WKHLQTXLULHVZHUHWREHPDGHE\KLPDORQHRKEH
VDWLVILHG,FDQXQGHUVWDQGP\IDWKHU'
$YULJQ\WRRNWKH
\RXQJPDQ
VDUPDQGOHGKLPRXWRIWKHURRP$PRUHWKDQ
GHDWKOLNHVLOHQFHWKHQUHLJQHGLQWKHKRXVH$WWKHHQGRID
TXDUWHURIDQKRXUDIDOWHULQJIRRWVWHSZDVKHDUGDQG
9LOOHIRUWDSSHDUHGDWWKHGRRURIWKHDSDUWPHQWZKHUH
G
$YULJQ\DQG0RUUHOKDGEHHQVWD\LQJRQHDEVRUEHGLQ
PHGLWDWLRQWKHRWKHULQJULHI<RXFDQFRPHKHVDLGDQG
OHGWKHPEDFNWR1RLUWLHU0RUUHOORRNHGDWWHQWLYHO\RQ
9LOOHIRUW+LVIDFHZDVOLYLGODUJHGURSVUROOHGGRZQKLV
IDFHDQGLQKLVILQJHUVKHKHOGWKHIUDJPHQWVRIDTXLOO
SHQZKLFKKHKDGWRUQWRDWRPV

1254

*HQWOHPHQKHVDLGLQDKRDUVHYRLFHJLYHPH\RXUZRUG
RIKRQRUWKDWWKLVKRUULEOHVHFUHWVKDOOIRUHYHUUHPDLQ
EXULHGDPRQJVWRXUVHOYHV7KHWZRPHQGUHZEDFN
,HQWUHDW\RXFRQWLQXHG9LOOHIRUW
%XWVDLG0RUUHOWKHFXOSULWWKHPXUGHUHUWKH
DVVDVVLQ
'RQRWDODUP\RXUVHOIVLUMXVWLFHZLOOEHGRQHVDLG
9LOOHIRUW0\IDWKHUKDVUHYHDOHGWKHFXOSULW
VQDPHP\
IDWKHUWKLUVWVIRUUHYHQJHDVPXFKDV\RXGR\HWHYHQKH
FRQMXUHV\RXDV,GRWRNHHSWKLVVHFUHW'R\RXQRW
IDWKHU"
<HVUHVROXWHO\UHSOLHG1RLUWLHU0RUUHOVXIIHUHGDQ
H[FODPDWLRQRIKRUURUDQGVXUSULVHWRHVFDSHKLP2KVLU
VDLG9LOOHIRUWDUUHVWLQJ0D[LPLOLDQE\WKHDUPLIP\
IDWKHUWKHLQIOH[LEOHPDQPDNHVWKLVUHTXHVWLWLV
EHFDXVHKHNQRZVEHDVVXUHGWKDW9DOHQWLQHZLOOEH
WHUULEO\UHYHQJHG,VLWQRWVRIDWKHU"7KHROGPDQPDGHD
VLJQLQWKHDIILUPDWLYH9LOOHIRUWFRQWLQXHG+HNQRZVPH
DQG,KDYHSOHGJHGP\ZRUGWRKLP5HVWDVVXUHGJHQWOHPHQ
WKDWZLWKLQWKUHHGD\VLQDOHVVWLPHWKDQMXVWLFHZRXOG
GHPDQGWKHUHYHQJH,VKDOOKDYHWDNHQIRUWKHPXUGHURIP\
FKLOGZLOOEHVXFKDVWRPDNHWKHEROGHVWKHDUWWUHPEOH
DQGDVKHVSRNHWKHVHZRUGVKHJURXQGKLVWHHWKDQGJUDVSHG
WKHROGPDQ
VVHQVHOHVVKDQG
:LOOWKLVSURPLVHEHIXOILOOHG01RLUWLHU"DVNHG0RUUHO
ZKLOHG
$YULJQ\ORRNHGLQTXLULQJO\
<HVUHSOLHG1RLUWLHUZLWKDQH[SUHVVLRQRIVLQLVWHUMR\
6ZHDUWKHQVDLG9LOOHIRUWMRLQLQJWKHKDQGVRI0RUUHO
DQGG
$YULJQ\VZHDUWKDW\RXZLOOVSDUHWKHKRQRURIP\
KRXVHDQGOHDYHPHWRDYHQJHP\FKLOG'
$YULJQ\WXUQHG
URXQGDQGXWWHUHGDYHU\IHHEOH<HVEXW0RUUHO
GLVHQJDJLQJKLVKDQGUXVKHGWRWKHEHGDQGDIWHUKDYLQJ
SUHVVHGWKHFROGOLSVRI9DOHQWLQHZLWKKLVRZQKXUULHGO\
OHIWXWWHULQJDORQJGHHSJURDQRIGHVSDLUDQGDQJXLVK:H
KDYHEHIRUHVWDWHGWKDWDOOWKHVHUYDQWVKDGIOHG0GH
9LOOHIRUWZDVWKHUHIRUHREOLJHGWRUHTXHVW0G
$YULJQ\WR
VXSHULQWHQGDOOWKHDUUDQJHPHQWVFRQVHTXHQWXSRQDGHDWKLQ

1255

DODUJHFLW\PRUHHVSHFLDOO\DGHDWKXQGHUVXFKVXVSLFLRXV
FLUFXPVWDQFHV
,WZDVVRPHWKLQJWHUULEOHWRZLWQHVVWKHVLOHQWDJRQ\WKH
PXWHGHVSDLURI1RLUWLHUZKRVHWHDUVVLOHQWO\UROOHGGRZQ
KLVFKHHNV9LOOHIRUWUHWLUHGWRKLVVWXG\DQGG
$YULJQ\
OHIWWRVXPPRQWKHGRFWRURIWKHPD\RUDOW\ZKRVHRIILFHLW
LVWRH[DPLQHERGLHVDIWHUGHFHDVHDQGZKRLVH[SUHVVO\
QDPHGWKHGRFWRURIWKHGHDG01RLUWLHUFRXOGQRWEH
SHUVXDGHGWRTXLWKLVJUDQGFKLOG$WWKHHQGRIDTXDUWHURI
DQKRXU0G
$YULJQ\UHWXUQHGZLWKKLVDVVRFLDWHWKH\IRXQG
WKHRXWHUJDWHFORVHGDQGQRWDVHUYDQWUHPDLQLQJLQWKH
KRXVH9LOOHIRUWKLPVHOIZDVREOLJHGWRRSHQWRWKHP%XWKH
VWRSSHGRQWKHODQGLQJKHKDGQRWWKHFRXUDJHWRDJDLQ
YLVLWWKHGHDWKFKDPEHU7KHWZRGRFWRUVWKHUHIRUHHQWHUHG
WKHURRPDORQH1RLUWLHUZDVQHDUWKHEHGSDOHPRWLRQOHVV
DQGVLOHQWDVWKHFRUSVH7KHGLVWULFWGRFWRUDSSURDFKHG
ZLWKWKHLQGLIIHUHQFHRIDPDQDFFXVWRPHGWRVSHQGKDOIKLV
WLPHDPRQJVWWKHGHDGKHWKHQOLIWHGWKHVKHHWZKLFKZDV
SODFHGRYHUWKHIDFHDQGMXVWXQFORVHGWKHOLSV
$ODVVDLGG
$YULJQ\VKHLVLQGHHGGHDGSRRUFKLOG
<HVDQVZHUHGWKHGRFWRUODFRQLFDOO\GURSSLQJWKHVKHHW
KHKDGUDLVHG1RLUWLHUXWWHUHGDNLQGRIKRDUVHUDWWOLQJ
VRXQGWKHROGPDQ
VH\HVVSDUNOHGDQGWKHJRRGGRFWRU
XQGHUVWRRGWKDWKHZLVKHGWREHKROGKLVFKLOG+HWKHUHIRUH
DSSURDFKHGWKHEHGDQGZKLOHKLVFRPSDQLRQZDVGLSSLQJWKH
ILQJHUVZLWKZKLFKKHKDGWRXFKHGWKHOLSVRIWKHFRUSVHLQ
FKORULGHRIOLPHKHXQFRYHUHGWKHFDOPDQGSDOHIDFHZKLFK
ORRNHGOLNHWKDWRIDVOHHSLQJDQJHO$WHDUZKLFKDSSHDUHG
LQWKHROGPDQ
VH\HH[SUHVVHGKLVWKDQNVWRWKHGRFWRU
7KHGRFWRURIWKHGHDGWKHQODLGKLVSHUPLWRQWKHFRUQHURI
WKHWDEOHDQGKDYLQJIXOILOOHGKLVGXW\ZDVFRQGXFWHGRXW
E\G
$YULJQ\9LOOHIRUWPHWWKHPDWWKHGRRURIKLVVWXG\
KDYLQJLQDIHZZRUGVWKDQNHGWKHGLVWULFWGRFWRUKHWXUQHG
WRG
$YULJQ\DQGVDLG$QGQRZWKHSULHVW
,VWKHUHDQ\SDUWLFXODUSULHVW\RXZLVKWRSUD\ZLWK
9DOHQWLQH"DVNHGG
$YULJQ\
1RVDLG9LOOHIRUWIHWFKWKHQHDUHVW
7KHQHDUHVWVDLGWKHGLVWULFWGRFWRULVDJRRG,WDOLDQ

1256

DEEHZKROLYHVQH[WGRRUWR\RX6KDOO,FDOORQKLPDV,
SDVV"
'
$YULJQ\VDLG9LOOHIRUWEHVRNLQG,EHVHHFK\RXDV
WRDFFRPSDQ\WKLVJHQWOHPDQ+HUHLVWKHNH\RIWKHGRRUVR
WKDW\RXFDQJRLQDQGRXWDV\RXSOHDVH\RXZLOOEULQJWKH
SULHVWZLWK\RXDQGZLOOREOLJHPHE\LQWURGXFLQJKLPLQWR
P\FKLOG
VURRP
'R\RXZLVKWRVHHKLP"
,RQO\ZLVKWREHDORQH<RXZLOOH[FXVHPHZLOO\RXQRW"
$SULHVWFDQXQGHUVWDQGDIDWKHU
VJULHI$QG0GH
9LOOHIRUWJLYLQJWKHNH\WRG
$YULJQ\DJDLQEDGHIDUHZHOO
WRWKHVWUDQJHGRFWRUDQGUHWLUHGWRKLVVWXG\ZKHUHKH
EHJDQWRZRUN)RUVRPHWHPSHUDPHQWVZRUNLVDUHPHG\IRU
DOODIIOLFWLRQV$VWKHGRFWRUVHQWHUHGWKHVWUHHWWKH\VDZ
DPDQLQDFDVVRFNVWDQGLQJRQWKHWKUHVKROGRIWKHQH[W
GRRU7KLVLVWKHDEEHRIZKRP,VSRNHVDLGWKHGRFWRUWR
G
$YULJQ\'
$YULJQ\DFFRVWHGWKHSULHVW6LUKHVDLG
DUH\RXGLVSRVHGWRFRQIHUDJUHDWREOLJDWLRQRQDQXQKDSS\
IDWKHUZKRKDVMXVWORVWKLVGDXJKWHU",PHDQ0GH
9LOOHIRUWWKHNLQJ
VDWWRUQH\
$KVDLGWKHSULHVWLQDPDUNHG,WDOLDQDFFHQW\HV,
KDYHKHDUGWKDWGHDWKLVLQWKDWKRXVH
7KHQ,QHHGQRWWHOO\RXZKDWNLQGRIVHUYLFHKHUHTXLUHV
RI\RX
,ZDVDERXWWRRIIHUP\VHOIVLUVDLGWKHSULHVWLWLV
RXUPLVVLRQWRIRUHVWDOORXUGXWLHV
,WLVD\RXQJJLUO
,NQRZLWVLUWKHVHUYDQWVZKRIOHGIURPWKHKRXVH
LQIRUPHGPH,DOVRNQRZWKDWKHUQDPHLV9DOHQWLQHDQG,
KDYHDOUHDG\SUD\HGIRUKHU
7KDQN\RXVLUVDLGG
$YULJQ\VLQFH\RXKDYHFRPPHQFHG
\RXUVDFUHGRIILFHGHLJQWRFRQWLQXHLW&RPHDQGZDWFKE\
WKHGHDGDQGDOOWKHZUHWFKHGIDPLO\ZLOOEHJUDWHIXOWR
\RX

1257

,DPJRLQJVLUDQG,GRQRWKHVLWDWHWRVD\WKDWQR
SUD\HUVZLOOEHPRUHIHUYHQWWKDQPLQH'
$YULJQ\WRRNWKH
SULHVW
VKDQGDQGZLWKRXWPHHWLQJ9LOOHIRUWZKRZDV
HQJDJHGLQKLVVWXG\WKH\UHDFKHG9DOHQWLQH
VURRPZKLFK
RQWKHIROORZLQJQLJKWZDVWREHRFFXSLHGE\WKH
XQGHUWDNHUV2QHQWHULQJWKHURRP1RLUWLHU
VH\HVPHWWKRVH
RIWKHDEEHDQGQRGRXEWKHUHDGVRPHSDUWLFXODUH[SUHVVLRQ
LQWKHPIRUKHUHPDLQHGLQWKHURRP'
$YULJQ\UHFRPPHQGHG
WKHDWWHQWLRQRIWKHSULHVWWRWKHOLYLQJDVZHOODVWRWKH
GHDGDQGWKHDEEHSURPLVHGWRGHYRWHKLVSUD\HUVWR
9DOHQWLQHDQGKLVDWWHQWLRQVWR1RLUWLHU,QRUGHU
GRXEWOHVVWKDWKHPLJKWQRWEHGLVWXUEHGZKLOHIXOILOOLQJ
KLVVDFUHGPLVVLRQWKHSULHVWURVHDVVRRQDVG
$YULJQ\
GHSDUWHGDQGQRWRQO\EROWHGWKHGRRUWKURXJKZKLFKWKH
GRFWRUKDGMXVWOHIWEXWDOVRWKDWOHDGLQJWR0DGDPHGH
9LOOHIRUW
VURRP

&KDSWHU
'DQJODUV6LJQDWXUH
7KHQH[WPRUQLQJGDZQHGGXOODQGFORXG\'XULQJWKHQLJKW
WKHXQGHUWDNHUVKDGH[HFXWHGWKHLUPHODQFKRO\RIILFHDQG
ZUDSSHGWKHFRUSVHLQWKHZLQGLQJVKHHWZKLFKZKDWHYHUPD\
EHVDLGDERXWWKHHTXDOLW\RIGHDWKLVDWOHDVWDODVW
SURRIRIWKHOX[XU\VRSOHDVLQJLQOLIH7KLVZLQGLQJVKHHW
ZDVQRWKLQJPRUHWKDQDEHDXWLIXOSLHFHRIFDPEULFZKLFK
WKH\RXQJJLUOKDGERXJKWDIRUWQLJKWEHIRUH'XULQJWKH
HYHQLQJWZRPHQHQJDJHGIRUWKHSXUSRVHKDGFDUULHG
1RLUWLHUIURP9DOHQWLQH
VURRPLQWRKLVRZQDQGFRQWUDU\WR
DOOH[SHFWDWLRQWKHUHZDVQRGLIILFXOW\LQZLWKGUDZLQJKLP
IURPKLVFKLOG7KH$EEH%XVRQLKDGZDWFKHGWLOOGD\OLJKW
DQGWKHQOHIWZLWKRXWFDOOLQJDQ\RQH'
$YULJQ\UHWXUQHG
DERXWHLJKWR
FORFNLQWKHPRUQLQJKHPHW9LOOHIRUWRQKLV
ZD\WR1RLUWLHU
VURRPDQGDFFRPSDQLHGKLPWRVHHKRZWKH
ROGPDQKDGVOHSW7KH\IRXQGKLPLQWKHODUJHDUPFKDLU
ZKLFKVHUYHGKLPIRUDEHGHQMR\LQJDFDOPQD\DOPRVWD
VPLOLQJVOHHS7KH\ERWKVWRRGLQDPD]HPHQWDWWKHGRRU
6HHVDLGG
$YULJQ\WR9LOOHIRUWQDWXUHNQRZVKRZWR
DOOHYLDWHWKHGHHSHVWVRUURZ1RRQHFDQVD\WKDW0
1RLUWLHUGLGQRWORYHKLVFKLOGDQG\HWKHVOHHSV

1258

<HV\RXDUHULJKWUHSOLHG9LOOHIRUWVXUSULVHGKH
VOHHSVLQGHHG$QGWKLVLVWKHPRUHVWUDQJHVLQFHWKH
OHDVWFRQWUDGLFWLRQNHHSVKLPDZDNHDOOQLJKW
*ULHIKDVVWXQQHGKLPUHSOLHGG
$YULJQ\DQGWKH\ERWK
UHWXUQHGWKRXJKWIXOO\WRWKHSURFXUHXU
VVWXG\
6HH,KDYHQRWVOHSWVDLG9LOOHIRUWVKRZLQJKLV
XQGLVWXUEHGEHGJULHIGRHVQRWVWXQPH,KDYHQRWEHHQLQ
EHGIRUWZRQLJKWVEXWWKHQORRNDWP\GHVNVHHZKDW,
KDYHZULWWHQGXULQJWKHVHWZRGD\VDQGQLJKWV,KDYHILOOHG
WKRVHSDSHUVDQGKDYHPDGHRXWWKHDFFXVDWLRQDJDLQVWWKH
DVVDVVLQ%HQHGHWWR2KZRUNZRUNP\SDVVLRQP\MR\
P\GHOLJKWLWLVIRUWKHHWRDOOHYLDWHP\VRUURZVDQG
KHFRQYXOVLYHO\JUDVSHGWKHKDQGRIG
$YULJQ\
'R\RXUHTXLUHP\VHUYLFHVQRZ"DVNHGG
$YULJQ\
1RVDLG9LOOHIRUWRQO\UHWXUQDJDLQDWHOHYHQR
FORFN
DWWZHOYHWKHWKHRKKHDYHQVP\SRRUSRRUFKLOG
DQGWKHSURFXUHXUDJDLQEHFRPLQJDPDQOLIWHGXSKLVH\HV
DQGJURDQHG
6KDOO\RXEHSUHVHQWLQWKHUHFHSWLRQURRP"
1R,KDYHDFRXVLQZKRKDVXQGHUWDNHQWKLVVDGRIILFH,
VKDOOZRUNGRFWRUZKHQ,ZRUN,IRUJHWHYHU\WKLQJ$QG
LQGHHGQRVRRQHUKDGWKHGRFWRUOHIWWKHURRPWKDQKHZDV
DJDLQDEVRUEHGLQVWXG\2QWKHGRRUVWHSVG
$YULJQ\PHWWKH
FRXVLQZKRP9LOOHIRUWKDGPHQWLRQHGDSHUVRQDJHDV
LQVLJQLILFDQWLQRXUVWRU\DVLQWKHZRUOGKHRFFXSLHG
RQHRIWKRVHEHLQJVGHVLJQHGIURPWKHLUELUWKWRPDNH
WKHPVHOYHVXVHIXOWRRWKHUV+HZDVSXQFWXDOGUHVVHGLQ
EODFNZLWKFUDSHDURXQGKLVKDWDQGSUHVHQWHGKLPVHOIDW
KLVFRXVLQ
VZLWKDIDFHPDGHXSIRUWKHRFFDVLRQDQGZKLFK
KHFRXOGDOWHUDVPLJKWEHUHTXLUHG$WWZHOYHR
FORFNWKH
PRXUQLQJFRDFKHVUROOHGLQWRWKHSDYHGFRXUWDQGWKH5XHGX
)DXERXUJ6DLQW+RQRUHZDVILOOHGZLWKDFURZGRILGOHUV
HTXDOO\SOHDVHGWRZLWQHVVWKHIHVWLYLWLHVRUWKHPRXUQLQJ
RIWKHULFKDQGZKRUXVKZLWKWKHVDPHDYLGLW\WRDIXQHUDO
SURFHVVLRQDVWRWKHPDUULDJHRIDGXFKHVV
*UDGXDOO\WKHUHFHSWLRQURRPILOOHGDQGVRPHRIRXUROG
IULHQGVPDGHWKHLUDSSHDUDQFHZHPHDQ'HEUD\

1259

&KDWHDX5HQDXGDQG%HDXFKDPSDFFRPSDQLHGE\DOOWKH
OHDGLQJPHQRIWKHGD\DWWKHEDULQOLWHUDWXUHRUWKH
DUP\IRU0GH9LOOHIRUWPRYHGLQWKHILUVW3DULVLDQ
FLUFOHVOHVVRZLQJWRKLVVRFLDOSRVLWLRQWKDQWRKLV
SHUVRQDOPHULW7KHFRXVLQVWDQGLQJDWWKHGRRUXVKHUHGLQ
WKHJXHVWVDQGLWZDVUDWKHUDUHOLHIWRWKHLQGLIIHUHQWWR
VHHDSHUVRQDVXQPRYHGDVWKHPVHOYHVDQGZKRGLGQRWH[DFW
DPRXUQIXOIDFHRUIRUFHWHDUVDVZRXOGKDYHEHHQWKHFDVH
ZLWKDIDWKHUDEURWKHURUDORYHU7KRVHZKRZHUH
DFTXDLQWHGVRRQIRUPHGLQWROLWWOHJURXSV2QHRIWKHPZDV
PDGHRI'HEUD\&KDWHDX5HQDXGDQG%HDXFKDPS
3RRUJLUOVDLG'HEUD\OLNHWKHUHVWSD\LQJDQ
LQYROXQWDU\WULEXWHWRWKHVDGHYHQWSRRUJLUOVR
\RXQJVRULFKVREHDXWLIXO&RXOG\RXKDYHLPDJLQHGWKLV
VFHQH&KDWHDX5HQDXGZKHQZHVDZKHUDWWKHPRVWWKUHH
ZHHNVDJRDERXWWRVLJQWKDWFRQWUDFW"
,QGHHGQRVDLG&KDWHDX5HQDXG'LG\RXNQRZKHU"
,VSRNHWRKHURQFHRUWZLFHDW0DGDPHGH0RUFHUI
VDPRQJ
WKHUHVWVKHDSSHDUHGWRPHFKDUPLQJWKRXJKUDWKHU
PHODQFKRO\:KHUHLVKHUVWHSPRWKHU"'R\RXNQRZ"
6KHLVVSHQGLQJWKHGD\ZLWKWKHZLIHRIWKHZRUWK\
JHQWOHPDQZKRLVUHFHLYLQJXV
:KRLVKH"
:KRPGR\RXPHDQ"
7KHJHQWOHPDQZKRUHFHLYHVXV",VKHDGHSXW\"
2KQR,DPFRQGHPQHGWRZLWQHVVWKRVHJHQWOHPHQHYHU\
GD\VDLG%HDXFKDPSEXWKHLVSHUIHFWO\XQNQRZQWRPH
+DYH\RXPHQWLRQHGWKLVGHDWKLQ\RXUSDSHU"
,WKDVEHHQPHQWLRQHGEXWWKHDUWLFOHLVQRWPLQHLQGHHG
,GRXEWLILWZLOOSOHDVH09LOOHIRUWIRULWVD\VWKDWLI
IRXUVXFFHVVLYHGHDWKVKDGKDSSHQHGDQ\ZKHUHHOVHWKDQLQ
WKHKRXVHRIWKHNLQJ
VDWWRUQH\KHZRXOGKDYHLQWHUHVWHG
KLPVHOIVRPHZKDWPRUHDERXWLW

1260

6WLOOVDLG&KDWHDX5HQDXG'UG
$YULJQ\ZKRDWWHQGVP\
PRWKHUGHFODUHVKHLVLQGHVSDLUDERXWLW%XWZKRPDUH\RX
VHHNLQJ'HEUD\"
,DPVHHNLQJWKH&RXQWRI0RQWH&ULVWRVDLGWKH\RXQJPDQ
,PHWKLPRQWKHERXOHYDUGRQP\ZD\KHUHVDLG
%HDXFKDPS,WKLQNKHLVDERXWWROHDYH3DULVKHZDVJRLQJ
WRKLVEDQNHU
+LVEDQNHU"'DQJODUVLVKLVEDQNHULVKHQRW"DVNHG
&KDWHDX5HQDXGRI'HEUD\
,EHOLHYHVRUHSOLHGWKHVHFUHWDU\ZLWKVOLJKW
XQHDVLQHVV%XW0RQWH&ULVWRLVQRWWKHRQO\RQH,PLVV
KHUH,GRQRWVHH0RUUHO
0RUUHO"'RWKH\NQRZKLP"DVNHG&KDWHDX5HQDXG,WKLQN
KHKDVRQO\EHHQLQWURGXFHGWR0DGDPHGH9LOOHIRUW
6WLOOKHRXJKWWRKDYHEHHQKHUHVDLG'HEUD\,ZRQGHU
ZKDWZLOOEHWDONHGDERXWWRQLJKWWKLVIXQHUDOLVWKHQHZV
RIWKHGD\%XWKXVKKHUHFRPHVRXUPLQLVWHURIMXVWLFHKH
ZLOOIHHOREOLJHGWRPDNHVRPHOLWWOHVSHHFKWRWKHFRXVLQ
DQGWKHWKUHH\RXQJPHQGUHZQHDUWROLVWHQ%HDXFKDPSWROG
WKHWUXWKZKHQKHVDLGWKDWRQKLVZD\WRWKHIXQHUDOKHKDG
PHW0RQWH&ULVWRZKRZDVGLUHFWLQJKLVVWHSVWRZDUGVWKH
5XHGHOD&KDXVVHG
$QWLQWR0'DQJODUV

7KHEDQNHUVDZWKHFDUULDJHRIWKHFRXQWHQWHUWKHFRXUW
\DUGDQGDGYDQFHGWRPHHWKLPZLWKDVDGWKRXJKDIIDEOH
VPLOH:HOOVDLGKHH[WHQGLQJKLVKDQGWR0RQWH&ULVWR
,VXSSRVH\RXKDYHFRPHWRV\PSDWKL]HZLWKPHIRULQGHHG
PLVIRUWXQHKDVWDNHQSRVVHVVLRQRIP\KRXVH:KHQ,
SHUFHLYHG\RX,ZDVMXVWDVNLQJP\VHOIZKHWKHU,KDGQRW
ZLVKHGKDUPWRZDUGVWKRVHSRRU0RUFHUIVZKLFKZRXOGKDYH
MXVWLILHGWKHSURYHUERIC+HZKRZLVKHVPLVIRUWXQHVWR
KDSSHQWRRWKHUVH[SHULHQFHVWKHPKLPVHOI
:HOORQP\ZRUG
RIKRQRU,DQVZHUHGC1R
,ZLVKHGQRLOOWR0RUFHUIKH
ZDVDOLWWOHSURXGSHUKDSVIRUDPDQZKROLNHP\VHOIKDV
ULVHQIURPQRWKLQJEXWZHDOOKDYHRXUIDXOWV'R\RXNQRZ
FRXQWWKDWSHUVRQVRIRXUWLPHRIOLIHQRWWKDW\RX
EHORQJWRWKHFODVV\RXDUHVWLOOD\RXQJPDQEXWDV,
ZDVVD\LQJSHUVRQVRIRXUWLPHRIOLIHKDYHEHHQYHU\

1261

XQIRUWXQDWHWKLV\HDU)RUH[DPSOHORRNDWWKHSXULWDQLFDO
SURFXUHXUZKRKDVMXVWORVWKLVGDXJKWHUDQGLQIDFW
QHDUO\DOOKLVIDPLO\LQVRVLQJXODUDPDQQHU0RUFHUI
GLVKRQRUHGDQGGHDGDQGWKHQP\VHOIFRYHUHGZLWKULGLFXOH
WKURXJKWKHYLOODQ\RI%HQHGHWWREHVLGHV
%HVLGHVZKDW"DVNHGWKH&RXQW
$ODVGR\RXQRWNQRZ"
:KDWQHZFDODPLW\"
0\GDXJKWHU
0DGHPRLVHOOH'DQJODUV"
(XJHQLHKDVOHIWXV
*RRGKHDYHQVZKDWDUH\RXWHOOLQJPH"
7KHWUXWKP\GHDUFRXQW2KKRZKDSS\\RXPXVWEHLQQRW
KDYLQJHLWKHUZLIHRUFKLOGUHQ
'R\RXWKLQNVR"
,QGHHG,GR
$QGVR0DGHPRLVHOOH'DQJODUV
6KHFRXOGQRWHQGXUHWKHLQVXOWRIIHUHGWRXVE\WKDW
ZUHWFKVRVKHDVNHGSHUPLVVLRQWRWUDYHO
$QGLVVKHJRQH"
7KHRWKHUQLJKWVKHOHIW
:LWK0DGDPH'DQJODUV"
1RZLWKDUHODWLRQ%XWVWLOOZHKDYHTXLWHORVWRXUGHDU
(XJHQLHIRU,GRXEWZKHWKHUKHUSULGHZLOOHYHUDOORZKHU
WRUHWXUQWR)UDQFH
6WLOOEDURQVDLG0RQWH&ULVWRIDPLO\JULHIVRULQGHHG
DQ\RWKHUDIIOLFWLRQZKLFKZRXOGFUXVKDPDQZKRVHFKLOGZDV

1262

KLVRQO\WUHDVXUHDUHHQGXUDEOHWRDPLOOLRQDLUH
3KLORVRSKHUVPD\ZHOOVD\DQGSUDFWLFDOPHQZLOODOZD\V
VXSSRUWWKHRSLQLRQWKDWPRQH\PLWLJDWHVPDQ\WULDOVDQG
LI\RXDGPLWWKHHIILFDF\RIWKLVVRYHUHLJQEDOP\RXRXJKW
WREHYHU\HDVLO\FRQVROHG\RXWKHNLQJRIILQDQFHWKH
IRFXVRILPPHDVXUDEOHSRZHU
'DQJODUVORRNHGDWKLPDVNDQFHDVWKRXJKWRDVFHUWDLQ
ZKHWKHUKHVSRNHVHULRXVO\<HVKHDQVZHUHGLID
IRUWXQHEULQJVFRQVRODWLRQ,RXJKWWREHFRQVROHG,DP
ULFK
6RULFKGHDUVLUWKDW\RXUIRUWXQHUHVHPEOHVWKH
S\UDPLGVLI\RXZLVKHGWRGHPROLVKWKHP\RXFRXOGQRWDQG
LILWZHUHSRVVLEOH\RXZRXOGQRWGDUH'DQJODUVVPLOHGDW
WKHJRRGQDWXUHGSOHDVDQWU\RIWKHFRXQW7KDWUHPLQGVPH
KHVDLGWKDWZKHQ\RXHQWHUHG,ZDVRQWKHSRLQWRI
VLJQLQJILYHOLWWOHERQGV,KDYHDOUHDG\VLJQHGWZRZLOO
\RXDOORZPHWRGRWKHVDPHWRWKHRWKHUV"
3UD\GRVR
7KHUHZDVDPRPHQW
VVLOHQFHGXULQJZKLFKWKHQRLVHRIWKH
EDQNHU
VSHQZDVDORQHKHDUGZKLOH0RQWH&ULVWRH[DPLQHG
WKHJLOWPRXOGLQJVRQWKHFHLOLQJ$UHWKH\6SDQLVK
+DLWLDQRU1HDSROLWDQERQGV"VDLG0RQWH&ULVWR1RVDLG
'DQJODUVVPLOLQJWKH\DUHERQGVRQWKHEDQNRI)UDQFH
SD\DEOHWREHDUHU6WD\FRXQWKHDGGHG\RXZKRPD\KH
FDOOHGWKHHPSHURULI,FODLPWKHWLWOHRINLQJRIILQDQFH
KDYH\RXPDQ\SLHFHVRISDSHURIWKLVVL]HHDFKZRUWKD
PLOOLRQ"7KHFRXQWWRRNLQWRKLVKDQGVWKHSDSHUVZKLFK
'DQJODUVKDGVRSURXGO\SUHVHQWHGWRKLPDQGUHDG
7RWKH*RYHUQRURIWKH%DQN3OHDVHSD\WRP\RUGHUIURP
WKHIXQGGHSRVLWHGE\PHWKHVXPRIDPLOOLRQDQGFKDUJH
WKHVDPHWRP\DFFRXQW
%DURQ'DQJODUV
2QHWZRWKUHHIRXUILYHVDLG0RQWH&ULVWRILYH
PLOOLRQVZK\ZKDWD&URHVXV\RXDUH
7KLVLVKRZ,WUDQVDFWEXVLQHVVVDLG'DQJODUV

1263

,WLVUHDOO\ZRQGHUIXOVDLGWKHFRXQWDERYHDOOLIDV
,VXSSRVHLWLVSD\DEOHDWVLJKW
,WLVLQGHHGVDLG'DQJODUV
,WLVDILQHWKLQJWRKDYHVXFKFUHGLWUHDOO\LWLVRQO\
LQ)UDQFHWKHVHWKLQJVDUHGRQH)LYHPLOOLRQVRQILYH
OLWWOHVFUDSVRISDSHULWPXVWEHVHHQWREHEHOLHYHG
<RXGRQRWGRXEWLW"
1R
<RXVD\VRZLWKDQDFFHQWVWD\\RXVKDOOEHFRQYLQFHG
WDNHP\FOHUNWRWKHEDQNDQG\RXZLOOVHHKLPOHDYHLW
ZLWKDQRUGHURQWKH7UHDVXU\IRUWKHVDPHVXP
1RVDLG0RQWH&ULVWRIROGLQJWKHILYHQRWHVPRVW
GHFLGHGO\QRWWKHWKLQJLVVRFXULRXV,ZLOOPDNHWKH
H[SHULPHQWP\VHOI,DPFUHGLWHGRQ\RXIRUVL[PLOOLRQV,
KDYHGUDZQQLQHKXQGUHGWKRXVDQGIUDQFV\RXWKHUHIRUHVWLOO
RZHPHILYHPLOOLRQVDQGDKXQGUHGWKRXVDQGIUDQFV,ZLOO
WDNHWKHILYHVFUDSVRISDSHUWKDW,QRZKROGDVERQGVZLWK
\RXUVLJQDWXUHDORQHDQGKHUHLVDUHFHLSWLQIXOOIRUWKH
VL[PLOOLRQVEHWZHHQXV,KDGSUHSDUHGLWEHIRUHKDQGIRU,
DPPXFKLQZDQWRIPRQH\WRGD\$QG0RQWH&ULVWRSODFHG
WKHERQGVLQKLVSRFNHWZLWKRQHKDQGZKLOHZLWKWKHRWKHU
KHKHOGRXWWKHUHFHLSWWR'DQJODUV,IDWKXQGHUEROWKDG
IDOOHQDWWKHEDQNHU
VIHHWKHFRXOGQRWKDYHH[SHULHQFHG
JUHDWHUWHUURU
:KDWKHVWDPPHUHGGR\RXPHDQWRNHHSWKDWPRQH\"
([FXVHPHH[FXVHPHEXW,RZHWKLVPRQH\WRWKHFKDULW\
IXQGDGHSRVLWZKLFK,SURPLVHGWRSD\WKLVPRUQLQJ
2KZHOOWKHQVDLG0RQWH&ULVWR,DPQRWSDUWLFXODU
DERXWWKHVHILYHQRWHVSD\PHLQDGLIIHUHQWIRUP,
ZLVKHGIURPFXULRVLW\WRWDNHWKHVHWKDW,PLJKWEHDEOH
WRVD\WKDWZLWKRXWDQ\DGYLFHRUSUHSDUDWLRQWKHKRXVHRI
'DQJODUVKDGSDLGPHILYHPLOOLRQVZLWKRXWDPLQXWH
VGHOD\
LWZRXOGKDYHEHHQUHPDUNDEOH%XWKHUHDUH\RXUERQGVSD\
PHGLIIHUHQWO\DQGKHKHOGWKHERQGVWRZDUGV'DQJODUVZKR
VHL]HGWKHPOLNHDYXOWXUHH[WHQGLQJLWVFODZVWRZLWKKROG
WKHIRRGWKDWLVEHLQJZUHVWHGIURPLWVJUDVS6XGGHQO\KH

1264

UDOOLHGPDGHDYLROHQWHIIRUWWRUHVWUDLQKLPVHOIDQGWKHQ
DVPLOHJUDGXDOO\ZLGHQHGWKHIHDWXUHVRIKLVGLVWXUEHG
FRXQWHQDQFH
&HUWDLQO\KHVDLG\RXUUHFHLSWLVPRQH\
2KGHDU\HVDQGLI\RXZHUHDW5RPHWKHKRXVHRI7KRPVRQ
)UHQFKZRXOGPDNHQRPRUHGLIILFXOW\DERXWSD\LQJWKH
PRQH\RQP\UHFHLSWWKDQ\RXKDYHMXVWGRQH
3DUGRQPHFRXQWSDUGRQPH
7KHQ,PD\NHHSWKLVPRQH\"
<HVVDLG'DQJODUVZKLOHWKHSHUVSLUDWLRQVWDUWHGIURP
WKHURRWVRIKLVKDLU<HVNHHSLWNHHSLW
0RQWH&ULVWRUHSODFHGWKHQRWHVLQKLVSRFNHWZLWKWKDW
LQGHVFULEDEOHH[SUHVVLRQZKLFKVHHPHGWRVD\&RPH
UHIOHFWLI\RXUHSHQWWKHUHLVWLOOWLPH
1RVDLG'DQJODUVQRGHFLGHGO\QRNHHSP\VLJQDWXUHV
%XW\RXNQRZQRQHDUHVRIRUPDODVEDQNHUVLQWUDQVDFWLQJ
EXVLQHVV,LQWHQGHGWKLVPRQH\IRUWKHFKDULW\IXQGDQG,
VHHPHGWREHUREELQJWKHPLI,GLGQRWSD\WKHPZLWKWKHVH
SUHFLVHERQGV+RZDEVXUGDVLIRQHFURZQZHUHQRWDV
JRRGDVDQRWKHU([FXVHPHDQGKHEHJDQWRODXJKORXGO\
EXWQHUYRXVO\
&HUWDLQO\,H[FXVH\RXVDLG0RQWH&ULVWRJUDFLRXVO\
DQGSRFNHWWKHP$QGKHSODFHGWKHERQGVLQKLV
SRFNHWERRN
%XWVDLG'DQJODUVWKHUHLVVWLOODVXPRIRQHKXQGUHG
WKRXVDQGIUDQFV"
2KDPHUHQRWKLQJVDLG0RQWH&ULVWR7KHEDODQFHZRXOG
FRPHWRDERXWWKDWVXPEXWNHHSLWDQGZHVKDOOEHTXLWV
&RXQWVDLG'DQJODUVDUH\RXVSHDNLQJVHULRXVO\"
,QHYHUMRNHZLWKEDQNHUVVDLG0RQWH&ULVWRLQDIUHH]LQJ
PDQQHUZKLFKUHSHOOHGLPSHUWLQHQFHDQGKHWXUQHGWRWKH
GRRUMXVWDVWKHYDOHWGHFKDPEUHDQQRXQFHG0GH

1265

%RYLOOHUHFHLYHUJHQHUDORIWKHFKDULWLHV
0DIRLVDLG0RQWH&ULVWR,WKLQN,DUULYHGMXVWLQWLPH
WRREWDLQ\RXUVLJQDWXUHVRUWKH\ZRXOGKDYHEHHQGLVSXWHG
ZLWKPH
'DQJODUVDJDLQEHFDPHSDOHDQGKDVWHQHGWRFRQGXFWWKH
FRXQWRXW0RQWH&ULVWRH[FKDQJHGDFHUHPRQLRXVERZZLWK0
GH%RYLOOHZKRZDVVWDQGLQJLQWKHZDLWLQJURRPDQGZKR
ZDVLQWURGXFHGLQWR'DQJODUV
URRPDVVRRQDVWKHFRXQWKDG
OHIW7KHFRXQW
VVDGIDFHZDVLOOXPLQHGE\DIDLQWVPLOH
DVKHQRWLFHGWKHSRUWIROLRZKLFKWKHUHFHLYHUJHQHUDOKHOG
LQKLVKDQG$WWKHGRRUKHIRXQGKLVFDUULDJHDQGZDV
LPPHGLDWHO\GULYHQWRWKHEDQN0HDQZKLOH'DQJODUV
UHSUHVVLQJDOOHPRWLRQDGYDQFHGWRPHHWWKH
UHFHLYHUJHQHUDO:HQHHGQRWVD\WKDWDVPLOHRI
FRQGHVFHQVLRQZDVVWDPSHGXSRQKLVOLSV*RRGPRUQLQJ
FUHGLWRUVDLGKHIRU,ZDJHUDQ\WKLQJLWLVWKHFUHGLWRU
ZKRYLVLWVPH
<RXDUHULJKWEDURQDQVZHUHG0GH%RYLOOHWKH
FKDULWLHVSUHVHQWWKHPVHOYHVWR\RXWKURXJKPHWKHZLGRZV
DQGRUSKDQVGHSXWHPHWRUHFHLYHDOPVWRWKHDPRXQWRIILYH
PLOOLRQVIURP\RX
$QG\HWWKH\VD\RUSKDQVDUHWREHSLWLHGVDLG'DQJODUV
ZLVKLQJWRSURORQJWKHMHVW3RRUWKLQJV
+HUH,DPLQWKHLUQDPHVDLG0GH%RYLOOHEXWGLG\RX
UHFHLYHP\OHWWHU\HVWHUGD\"
<HV
,KDYHEURXJKWP\UHFHLSW
0\GHDU0GH%RYLOOH\RXUZLGRZVDQGRUSKDQVPXVWREOLJH
PHE\ZDLWLQJWZHQW\IRXUKRXUVVLQFH0GH0RQWH&ULVWR
ZKRP\RXMXVWVDZOHDYLQJKHUH\RXGLGVHHKLP,WKLQN"
<HVZHOO"
:HOO0GH0RQWH&ULVWRKDVMXVWFDUULHGRIIWKHLUILYH
PLOOLRQV

1266

+RZVR"
7KHFRXQWKDVDQXQOLPLWHGFUHGLWXSRQPHDFUHGLWRSHQHG
E\7KRPVRQ )UHQFKRI5RPHKHFDPHWRGHPDQGILYH
PLOOLRQVDWRQFHZKLFK,SDLGKLPZLWKFKHFNVRQWKHEDQN
0\IXQGVDUHGHSRVLWHGWKHUHDQG\RXFDQXQGHUVWDQGWKDWLI
,GUDZRXWWHQPLOOLRQVRQWKHVDPHGD\LWZLOODSSHDU
UDWKHUVWUDQJHWRWKHJRYHUQRU7ZRGD\VZLOOEHDGLIIHUHQW
WKLQJVDLG'DQJODUVVPLOLQJ
&RPHVDLG%RYLOOHZLWKDWRQHRIHQWLUHLQFUHGXOLW\
ILYHPLOOLRQVWRWKDWJHQWOHPDQZKRMXVWOHIWDQGZKR
ERZHGWRPHDVWKRXJKKHNQHZPH"
3HUKDSVKHNQRZV\RXWKRXJK\RXGRQRWNQRZKLP0GH
0RQWH&ULVWRNQRZVHYHU\ERG\
)LYHPLOOLRQV
+HUHLVKLVUHFHLSW%HOLHYH\RXURZQH\HV0GH%RYLOOH
WRRNWKHSDSHU'DQJODUVSUHVHQWHGKLPDQGUHDG
5HFHLYHGRI%DURQ'DQJODUVWKHVXPRIILYHPLOOLRQRQH
KXQGUHGWKRXVDQGIUDQFVWREHUHSDLGRQGHPDQGE\WKHKRXVH
RI7KRPVRQ )UHQFKRI5RPH
,WLVUHDOO\WUXHVDLG0GH%RYLOOH
'R\RXNQRZWKHKRXVHRI7KRPVRQ )UHQFK"
<HV,RQFHKDGEXVLQHVVWRWUDQVDFWZLWKLWWRWKHDPRXQW
RIIUDQFVEXWVLQFHWKHQ,KDYHQRWKHDUGLW
PHQWLRQHG
,WLVRQHRIWKHEHVWKRXVHVLQ(XURSHVDLG'DQJODUV
FDUHOHVVO\WKURZLQJGRZQWKHUHFHLSWRQKLVGHVN
$QGKHKDGILYHPLOOLRQVLQ\RXUKDQGVDORQH:K\WKLV
&RXQWRI0RQWH&ULVWRPXVWEHDQDERE"
,QGHHG,GRQRWNQRZZKDWKHLVKHKDVWKUHHXQOLPLWHG
FUHGLWVRQHRQPHRQHRQ5RWKVFKLOGRQHRQ/DILWWH
DQG\RXVHHKHDGGHGFDUHOHVVO\KHKDVJLYHQPHWKH
SUHIHUHQFHE\OHDYLQJDEDODQFHRIIUDQFV0GH

1267

%RYLOOHPDQLIHVWHGVLJQVRIH[WUDRUGLQDU\DGPLUDWLRQ,
PXVWYLVLWKLPKHVDLGDQGREWDLQVRPHSLRXVJUDQWIURP
KLP
2K\RXPD\PDNHVXUHRIKLPKLVFKDULWLHVDORQHDPRXQWWR
IUDQFVDPRQWK
,WLVPDJQLILFHQW,ZLOOVHWEHIRUHKLPWKHH[DPSOHRI
0DGDPHGH0RUFHUIDQGKHUVRQ
:KDWH[DPSOH"
7KH\JDYHDOOWKHLUIRUWXQHWRWKHKRVSLWDOV
:KDWIRUWXQH"
7KHLURZQ0GH0RUFHUI
VZKRLVGHFHDVHG
)RUZKDWUHDVRQ"
%HFDXVHWKH\ZRXOGQRWVSHQGPRQH\VRJXLOWLO\DFTXLUHG
$QGZKDWDUHWKH\WROLYHXSRQ"
7KHPRWKHUUHWLUHVLQWRWKHFRXQWU\DQGWKHVRQHQWHUVWKH
DUP\
:HOO,PXVWFRQIHVVWKHVHDUHVFUXSOHV
,UHJLVWHUHGWKHLUGHHGRIJLIW\HVWHUGD\
$QGKRZPXFKGLGWKH\SRVVHVV"
2KQRWPXFKIURPWZHOYHWRWKLUWHHQKXQGUHGWKRXVDQG
IUDQFV%XWWRUHWXUQWRRXUPLOOLRQV
&HUWDLQO\VDLG'DQJODUVLQWKHPRVWQDWXUDOWRQHLQWKH
ZRUOG$UH\RXWKHQSUHVVHGIRUWKLVPRQH\"
<HVIRUWKHH[DPLQDWLRQRIRXUFDVKWDNHVSODFH
WRPRUURZ
7RPRUURZ":K\GLG\RXQRWWHOOPHVREHIRUH":K\LWLVDV
JRRGDVDFHQWXU\$WZKDWKRXUGRHVWKHH[DPLQDWLRQWDNH

1268

SODFH"
$WWZRR
FORFN
6HQGDWWZHOYHVDLG'DQJODUVVPLOLQJ0GH%RYLOOHVDLG
QRWKLQJEXWQRGGHGKLVKHDGDQGWRRNXSWKHSRUWIROLR
1RZ,WKLQNRILW\RXFDQGREHWWHUVDLG'DQJODUV
+RZGR\RXPHDQ"
7KHUHFHLSWRI0GH0RQWH&ULVWRLVDVJRRGDVPRQH\WDNH
LWWR5RWKVFKLOG
VRU/DILWWH
VDQGWKH\ZLOOWDNHLWRII
\RXUKDQGVDWRQFH
:KDWWKRXJKSD\DEOHDW5RPH"
&HUWDLQO\LWZLOORQO\FRVW\RXDGLVFRXQWRIRU
IUDQFV7KHUHFHLYHUVWDUWHGEDFN0DIRLKHVDLG
,SUHIHUZDLWLQJWLOOWRPRUURZ:KDWDSURSRVLWLRQ
,WKRXJKWSHUKDSVVDLG'DQJODUVZLWKVXSUHPH
LPSHUWLQHQFHWKDW\RXKDGDGHILFLHQF\WRPDNHXS"
,QGHHGVDLGWKHUHFHLYHU
$QGLIWKDWZHUHWKHFDVHLWZRXOGEHZRUWKZKLOHWRPDNH
VRPHVDFULILFH
7KDQN\RXQRVLU
7KHQLWZLOOEHWRPRUURZ
<HVEXWZLWKRXWIDLO
$K\RXDUHODXJKLQJDWPHVHQGWRPRUURZDWWZHOYHDQG
WKHEDQNVKDOOEHQRWLILHG
,ZLOOFRPHP\VHOI
%HWWHUVWLOOVLQFHLWZLOODIIRUGPHWKHSOHDVXUHRI
VHHLQJ\RX7KH\VKRRNKDQGV%\WKHZD\VDLG0GH
%RYLOOHDUH\RXQRWJRLQJWRWKHIXQHUDORISRRU
0DGHPRLVHOOHGH9LOOHIRUWZKLFK,PHWRQP\URDGKHUH"

1269

1RVDLGWKHEDQNHU,KDYHDSSHDUHGUDWKHUULGLFXORXV
VLQFHWKDWDIIDLURI%HQHGHWWRVR,UHPDLQLQWKH
EDFNJURXQG
%DK\RXDUHZURQJ+RZZHUH\RXWREODPHLQWKDWDIIDLU"
/LVWHQZKHQRQHEHDUVDQLUUHSURDFKDEOHQDPHDV,GR
RQHLVUDWKHUVHQVLWLYH
(YHU\ERG\SLWLHV\RXVLUDQGDERYHDOO0DGHPRLVHOOH
'DQJODUV
3RRU(XJHQLHVDLG'DQJODUVGR\RXNQRZVKHLVJRLQJWR
HPEUDFHDUHOLJLRXVOLIH"
1R
$ODVLWLVXQKDSSLO\EXWWRRWUXH7KHGD\DIWHUWKH
HYHQWVKHGHFLGHGRQOHDYLQJ3DULVZLWKDQXQRIKHU
DFTXDLQWDQFHWKH\DUHJRQHWRVHHNDYHU\VWULFWFRQYHQWLQ
,WDO\RU6SDLQ
2KLWLVWHUULEOHDQG0GH%RYLOOHUHWLUHGZLWKWKLV
H[FODPDWLRQDIWHUH[SUHVVLQJDFXWHV\PSDWK\ZLWKWKH
IDWKHU%XWKHKDGVFDUFHO\OHIWEHIRUH'DQJODUVZLWKDQ
HQHUJ\RIDFWLRQWKRVHFDQDORQHXQGHUVWDQGZKRKDYHVHHQ
5REHUW0DFDLUHUHSUHVHQWHGE\)UHGHULF H[FODLPHG
)RRO7KHQHQFORVLQJ0RQWH&ULVWR
VUHFHLSWLQDOLWWOH
SRFNHWERRNKHDGGHG<HVFRPHDWWZHOYHR
FORFN,
VKDOOWKHQEHIDUDZD\7KHQKHGRXEOHORFNHGKLVGRRU
HPSWLHGDOOKLVGUDZHUVFROOHFWHGDERXWILIW\WKRXVDQG
IUDQFVLQEDQNQRWHVEXUQHGVHYHUDOSDSHUVOHIWRWKHUV
H[SRVHGWRYLHZDQGWKHQFRPPHQFHGZULWLQJDOHWWHUZKLFK
KHDGGUHVVHG
7R0DGDPHOD%DURQQH'DQJODUV
)UHGHULF/HPDLWUH)UHQFKDFWRU  5REHUW
0DFDLUHLVWKHKHURRIWZRIDYRULWHPHORGUDPDV&KLHQGH
0RQWDUJLVDQG&KLHQG
$XEU\DQGWKHQDPHLVDSSOLHGWR
EROGFULPLQDOVDVDWHUPRIGHULVLRQ
,ZLOOSODFHLWRQKHUWDEOHP\VHOIWRQLJKWKHPXUPXUHG
7KHQWDNLQJDSDVVSRUWIURPKLVGUDZHUKHVDLG*RRGLW

1270

LVDYDLODEOHIRUWZRPRQWKVORQJHU

&KDSWHU
7KH&HPHWHU\RI3HUHOD&KDLVH
0GH%RYLOOHKDGLQGHHGPHWWKHIXQHUDOSURFHVVLRQZKLFK
ZDVWDNLQJ9DOHQWLQHWRKHUODVWKRPHRQHDUWK7KHZHDWKHU
ZDVGXOODQGVWRUP\DFROGZLQGVKRRNWKHIHZUHPDLQLQJ
\HOORZOHDYHVIURPWKHERXJKVRIWKHWUHHVDQGVFDWWHUHG
WKHPDPRQJWKHFURZGZKLFKILOOHGWKHERXOHYDUGV0GH
9LOOHIRUWDWUXH3DULVLDQFRQVLGHUHGWKHFHPHWHU\RI
3HUHOD&KDLVHDORQHZRUWK\RIUHFHLYLQJWKHPRUWDOUHPDLQV
RID3DULVLDQIDPLO\WKHUHDORQHWKHFRUSVHVEHORQJLQJWR
KLPZRXOGEHVXUURXQGHGE\ZRUWK\DVVRFLDWHV+HKDG
WKHUHIRUHSXUFKDVHGDYDXOWZKLFKZDVTXLFNO\RFFXSLHGE\
PHPEHUVRIKLVIDPLO\2QWKHIURQWRIWKHPRQXPHQWZDV
LQVFULEHG7KHIDPLOLHVRI6DLQW0HUDQDQG9LOOHIRUWIRU
VXFKKDGEHHQWKHODVWZLVKH[SUHVVHGE\SRRU5HQHH
9DOHQWLQH
VPRWKHU7KHSRPSRXVSURFHVVLRQWKHUHIRUHZHQGHG
LWVZD\WRZDUGV3HUHOD&KDLVHIURPWKH)DXERXUJ
6DLQW+RQRUH+DYLQJFURVVHG3DULVLWSDVVHGWKURXJKWKH
)DXERXUJGX7HPSOHWKHQOHDYLQJWKHH[WHULRUERXOHYDUGVLW
UHDFKHGWKHFHPHWHU\0RUHWKDQILIW\SULYDWHFDUULDJHV
IROORZHGWKHWZHQW\PRXUQLQJFRDFKHVDQGEHKLQGWKHPPRUH
WKDQILYHKXQGUHGSHUVRQVMRLQHGLQWKHSURFHVVLRQRQIRRW
7KHVHODVWFRQVLVWHGRIDOOWKH\RXQJSHRSOHZKRP
9DOHQWLQH
VGHDWKKDGVWUXFNOLNHDWKXQGHUEROWDQGZKR
QRWZLWKVWDQGLQJWKHUDZFKLOOLQHVVRIWKHVHDVRQFRXOGQRW
UHIUDLQIURPSD\LQJDODVWWULEXWHWRWKHPHPRU\RIWKH
EHDXWLIXOFKDVWHDQGDGRUDEOHJLUOWKXVFXWRIILQWKH
IORZHURIKHU\RXWK$VWKH\OHIW3DULVDQHTXLSDJHZLWK
IRXUKRUVHVDWIXOOVSHHGZDVVHHQWRGUDZXSVXGGHQO\LW
FRQWDLQHG0RQWH&ULVWR7KHFRXQWOHIWWKHFDUULDJHDQG
PLQJOHGLQWKHFURZGZKRIROORZHGRQIRRW&KDWHDX5HQDXG
SHUFHLYHGKLPDQGLPPHGLDWHO\DOLJKWLQJIURPKLVFRXSH
MRLQHGKLP
7KHFRXQWORRNHGDWWHQWLYHO\WKURXJKHYHU\RSHQLQJLQWKH
FURZGKHZDVHYLGHQWO\ZDWFKLQJIRUVRPHRQHEXWKLV
VHDUFKHQGHGLQGLVDSSRLQWPHQW:KHUHLV0RUUHO"KHDVNHG
GRHLWKHURIWKHVHJHQWOHPHQNQRZZKHUHKHLV"

1271

:HKDYHDOUHDG\DVNHGWKDWTXHVWLRQVDLG&KDWHDX5HQDXG
IRUQRQHRIXVKDVVHHQKLP7KHFRXQWZDVVLOHQWEXW
FRQWLQXHGWRJD]HDURXQGKLP$WOHQJWKWKH\DUULYHGDWWKH
FHPHWHU\7KHSLHUFLQJH\HRI0RQWH&ULVWRJODQFHGWKURXJK
FOXVWHUVRIEXVKHVDQGWUHHVDQGZDVVRRQUHOLHYHGIURPDOO
DQ[LHW\IRUVHHLQJDVKDGRZJOLGHEHWZHHQWKH\HZWUHHV
0RQWH&ULVWRUHFRJQL]HGKLPZKRPKHVRXJKW2QHIXQHUDOLV
JHQHUDOO\YHU\PXFKOLNHDQRWKHULQWKLVPDJQLILFHQW
PHWURSROLV%ODFNILJXUHVDUHVHHQVFDWWHUHGRYHUWKHORQJ
ZKLWHDYHQXHVWKHVLOHQFHRIHDUWKDQGKHDYHQLVDORQH
EURNHQE\WKHQRLVHPDGHE\WKHFUDFNOLQJEUDQFKHVRIKHGJHV
SODQWHGDURXQGWKHPRQXPHQWVWKHQIROORZVWKHPHODQFKRO\
FKDQWRIWKHSULHVWVPLQJOHGQRZDQGWKHQZLWKDVRERI
DQJXLVKHVFDSLQJIURPVRPHZRPDQFRQFHDOHGEHKLQGDPDVVRI
IORZHUV
7KHVKDGRZ0RQWH&ULVWRKDGQRWLFHGSDVVHGUDSLGO\EHKLQG
WKHWRPERI$EHODUGDQG+HORLVHSODFHGLWVHOIFORVHWRWKH
KHDGVRIWKHKRUVHVEHORQJLQJWRWKHKHDUVHDQGIROORZLQJ
WKHXQGHUWDNHU
VPHQDUULYHGZLWKWKHPDWWKHVSRW
DSSRLQWHGIRUWKHEXULDO(DFKSHUVRQ
VDWWHQWLRQZDV
RFFXSLHG0RQWH&ULVWRVDZQRWKLQJEXWWKHVKDGRZZKLFKQR
RQHHOVHREVHUYHG7ZLFHWKHFRXQWOHIWWKHUDQNVWRVHH
ZKHWKHUWKHREMHFWRIKLVLQWHUHVWKDGDQ\FRQFHDOHGZHDSRQ
EHQHDWKKLVFORWKHV:KHQWKHSURFHVVLRQVWRSSHGWKLV
VKDGRZZDVUHFRJQL]HGDV0RUUHOZKRZLWKKLVFRDWEXWWRQHG
XSWRKLVWKURDWKLVIDFHOLYLGDQGFRQYXOVLYHO\FUXVKLQJ
KLVKDWEHWZHHQKLVILQJHUVOHDQHGDJDLQVWDWUHHVLWXDWHG
RQDQHOHYDWLRQFRPPDQGLQJWKHPDXVROHXPVRWKDWQRQHRI
WKHIXQHUDOGHWDLOVFRXOGHVFDSHKLVREVHUYDWLRQ(YHU\WKLQJ
ZDVFRQGXFWHGLQWKHXVXDOPDQQHU$IHZPHQWKHOHDVW
LPSUHVVHGRIDOOE\WKHVFHQHSURQRXQFHGDGLVFRXUVHVRPH
GHSORULQJWKLVSUHPDWXUHGHDWKRWKHUVH[SDWLDWLQJRQWKH
JULHIRIWKHIDWKHUDQGRQHYHU\LQJHQLRXVSHUVRQTXRWLQJ
WKHIDFWWKDW9DOHQWLQHKDGVROLFLWHGSDUGRQRIKHUIDWKHU
IRUFULPLQDOVRQZKRPWKHDUPRIMXVWLFHZDVUHDG\WRIDOO
XQWLODWOHQJWKWKH\H[KDXVWHGWKHLUVWRUHVRIPHWDSKRU
DQGPRXUQIXOVSHHFKHV
0RQWH&ULVWRKHDUGDQGVDZQRWKLQJRUUDWKHUKHRQO\VDZ
0RUUHOZKRVHFDOPQHVVKDGDIULJKWIXOHIIHFWRQWKRVHZKR
NQHZZKDWZDVSDVVLQJLQKLVKHDUW6HHVDLG%HDXFKDPS
SRLQWLQJRXW0RUUHOWR'HEUD\:KDWLVKHGRLQJXSWKHUH"

1272

$QGWKH\FDOOHG&KDWHDX5HQDXG
VDWWHQWLRQWRKLP
+RZSDOHKHLVVDLG&KDWHDX5HQDXGVKXGGHULQJ
+HLVFROGVDLG'HEUD\
1RWDWDOOVDLG&KDWHDX5HQDXGVORZO\,WKLQNKHLV
YLROHQWO\DJLWDWHG+HLVYHU\VXVFHSWLEOH
%DKVDLG'HEUD\KHVFDUFHO\NQHZ0DGHPRLVHOOHGH
9LOOHIRUW\RXVDLGVR\RXUVHOI
7UXH6WLOO,UHPHPEHUKHGDQFHGWKUHHWLPHVZLWKKHUDW
0DGDPHGH0RUFHUI
V'R\RXUHFROOHFWWKDWEDOOFRXQW
ZKHUH\RXSURGXFHGVXFKDQHIIHFW"
1R,GRQRWUHSOLHG0RQWH&ULVWRZLWKRXWHYHQNQRZLQJ
RIZKDWRUWRZKRPKHZDVVSHDNLQJVRPXFKZDVKHRFFXSLHG
LQZDWFKLQJ0RUUHOZKRZDVKROGLQJKLVEUHDWKZLWKHPRWLRQ
7KHGLVFRXUVHLVRYHUIDUHZHOOJHQWOHPHQVDLGWKH
FRXQW$QGKHGLVDSSHDUHGZLWKRXWDQ\RQHVHHLQJZKLWKHUKH
ZHQW7KHIXQHUDOEHLQJRYHUWKHJXHVWVUHWXUQHGWR3DULV
&KDWHDX5HQDXGORRNHGIRUDPRPHQWIRU0RUUHOEXWZKLOH
WKH\ZHUHZDWFKLQJWKHGHSDUWXUHRIWKHFRXQW0RUUHOKDG
TXLWWHGKLVSRVWDQG&KDWHDX5HQDXGIDLOLQJLQKLVVHDUFK
MRLQHG'HEUD\DQG%HDXFKDPS
0RQWH&ULVWRFRQFHDOHGKLPVHOIEHKLQGDODUJHWRPEDQG
DZDLWHGWKHDUULYDORI0RUUHOZKRE\GHJUHHVDSSURDFKHGWKH
WRPEQRZDEDQGRQHGE\VSHFWDWRUVDQGZRUNPHQ0RUUHOWKUHZD
JODQFHDURXQGEXWEHIRUHLWUHDFKHGWKHVSRWRFFXSLHGE\
0RQWH&ULVWRWKHODWWHUKDGDGYDQFHG\HWQHDUHUVWLOO
XQSHUFHLYHG7KH\RXQJPDQNQHOWGRZQ7KHFRXQWZLWK
RXWVWUHWFKHGQHFNDQGJODULQJH\HVVWRRGLQDQDWWLWXGH
UHDG\WRSRXQFHXSRQ0RUUHOXSRQWKHILUVWRFFDVLRQ0RUUHO
EHQWKLVKHDGWLOOLWWRXFKHGWKHVWRQHWKHQFOXWFKLQJWKH
JUDWLQJZLWKERWKKDQGVKHPXUPXUHG2K9DOHQWLQH
7KHFRXQW
VKHDUWZDVSLHUFHGE\WKHXWWHUDQFHRIWKHVHWZR
ZRUGVKHVWHSSHGIRUZDUGDQGWRXFKLQJWKH\RXQJPDQ
V
VKRXOGHUVDLG,ZDVORRNLQJIRU\RXP\IULHQG0RQWH
&ULVWRH[SHFWHGDEXUVWRISDVVLRQEXWKHZDVGHFHLYHGIRU
0RUUHOWXUQLQJURXQGVDLGFDOPO\
<RXVHH,ZDVSUD\LQJ7KHVFUXWLQL]LQJJODQFHRIWKH

1273

FRXQWVHDUFKHGWKH\RXQJPDQIURPKHDGWRIRRW+HWKHQ
VHHPHGPRUHHDV\
6KDOO,GULYH\RXEDFNWR3DULV"KHDVNHG
1RWKDQN\RX
'R\RXZLVKDQ\WKLQJ"
/HDYHPHWRSUD\7KHFRXQWZLWKGUHZZLWKRXWRSSRVLWLRQ
EXWLWZDVRQO\WRSODFHKLPVHOILQDVLWXDWLRQZKHUHKH
FRXOGZDWFKHYHU\PRYHPHQWRI0RUUHOZKRDWOHQJWKDURVH
EUXVKHGWKHGXVWIURPKLVNQHHVDQGWXUQHGWRZDUGV3DULV
ZLWKRXWRQFHORRNLQJEDFN+HZDONHGVORZO\GRZQWKH5XHGH
OD5RTXHWWH7KHFRXQWGLVPLVVLQJKLVFDUULDJHIROORZHG
KLPDERXWDKXQGUHGSDFHVEHKLQG0D[LPLOLDQFURVVHGWKH
FDQDODQGHQWHUHGWKH5XH0HVOD\E\WKHERXOHYDUGV)LYH
PLQXWHVDIWHUWKHGRRUKDGEHHQFORVHGRQ0RUUHO
VHQWUDQFH
LWZDVDJDLQRSHQHGIRUWKHFRXQW-XOLHZDVDWWKHHQWUDQFH
RIWKHJDUGHQZKHUHVKHZDVDWWHQWLYHO\ZDWFKLQJ3HQHORQ
ZKRHQWHULQJZLWK]HDOLQWRKLVSURIHVVLRQRIJDUGHQHUZDV
YHU\EXV\JUDIWLQJVRPH%HQJDOURVHV$KFRXQWVKH
H[FODLPHGZLWKWKHGHOLJKWPDQLIHVWHGE\HYHU\PHPEHURI
WKHIDPLO\ZKHQHYHUKHYLVLWHGWKH5XH0HVOD\
0D[LPLOLDQKDVMXVWUHWXUQHGKDVKHQRWPDGDPH"DVNHG
WKHFRXQW
<HV,WKLQN,VDZKLPSDVVEXWSUD\FDOO(PPDQXHO
([FXVHPHPDGDPHEXW,PXVWJRXSWR0D[LPLOLDQ
VURRP
WKLVLQVWDQWUHSOLHG0RQWH&ULVWR,KDYHVRPHWKLQJRI
WKHJUHDWHVWLPSRUWDQFHWRWHOOKLP
*RWKHQVKHVDLGZLWKDFKDUPLQJVPLOHZKLFK
DFFRPSDQLHGKLPXQWLOKHKDGGLVDSSHDUHG0RQWH&ULVWRVRRQ
UDQXSWKHVWDLUFDVHFRQGXFWLQJIURPWKHJURXQGIORRUWR
0D[LPLOLDQ
VURRPZKHQKHUHDFKHGWKHODQGLQJKHOLVWHQHG
DWWHQWLYHO\EXWDOOZDVVWLOO/LNHPDQ\ROGKRXVHV
RFFXSLHGE\DVLQJOHIDPLO\WKHURRPGRRUZDVSDQHOOHGZLWK
JODVVEXWLWZDVORFNHG0D[LPLOLDQZDVVKXWLQDQGLWZDV
LPSRVVLEOHWRVHHZKDWZDVSDVVLQJLQWKHURRPEHFDXVHD
UHGFXUWDLQZDVGUDZQEHIRUHWKHJODVV7KHFRXQW
VDQ[LHW\
ZDVPDQLIHVWHGE\DEULJKWFRORUZKLFKVHOGRPDSSHDUHGRQ

1274

WKHIDFHRIWKDWLPSHUWXUEDEOHPDQ
:KDWVKDOO,GRKHXWWHUHGDQGUHIOHFWHGIRUDPRPHQW
VKDOO,ULQJ"1RWKHVRXQGRIDEHOODQQRXQFLQJD
YLVLWRUZLOOEXWDFFHOHUDWHWKHUHVROXWLRQRIRQHLQ
0D[LPLOLDQ
VVLWXDWLRQDQGWKHQWKHEHOOZRXOGEHIROORZHG
E\DORXGHUQRLVH0RQWH&ULVWRWUHPEOHGIURPKHDGWRIRRW
DQGDVLIKLVGHWHUPLQDWLRQKDGEHHQWDNHQZLWKWKHUDSLGLW\
RIOLJKWQLQJKHVWUXFNRQHRIWKHSDQHVRIJODVVZLWKKLV
HOERZWKHJODVVZDVVKLYHUHGWRDWRPVWKHQZLWKGUDZLQJWKH
FXUWDLQKHVDZ0RUUHOZKRKDGEHHQZULWLQJDWKLVGHVN
ERXQGIURPKLVVHDWDWWKHQRLVHRIWKHEURNHQZLQGRZ
,EHJDWKRXVDQGSDUGRQVVDLGWKHFRXQWWKHUHLV
QRWKLQJWKHPDWWHUEXW,VOLSSHGGRZQDQGEURNHRQHRI\RXU
SDQHVRIJODVVZLWKP\HOERZ6LQFHLWLVRSHQHG,ZLOO
WDNHDGYDQWDJHRILWWRHQWHU\RXUURRPGRQRWGLVWXUE
\RXUVHOIGRQRWGLVWXUE\RXUVHOI$QGSDVVLQJKLVKDQG
WKURXJKWKHEURNHQJODVVWKHFRXQWRSHQHGWKHGRRU0RUUHO
HYLGHQWO\GLVFRPSRVHGFDPHWRPHHW0RQWH&ULVWROHVVZLWK
WKHLQWHQWLRQRIUHFHLYLQJKLPWKDQWRH[FOXGHKLVHQWU\
0DIRLVDLG0RQWH&ULVWRUXEELQJKLVHOERZLW
VDOO
\RXUVHUYDQW
VIDXOW\RXUVWDLUVDUHVRSROLVKHGLWLV
OLNHZDONLQJRQJODVV
$UH\RXKXUWVLU"FROGO\DVNHG0RUUHO
,EHOLHYHQRW%XWZKDWDUH\RXDERXWWKHUH"<RXZHUH
ZULWLQJ
,"
<RXUILQJHUVDUHVWDLQHGZLWKLQN
$KWUXH,ZDVZULWLQJ,GRVRPHWLPHVVROGLHUWKRXJK,
DP
0RQWH&ULVWRDGYDQFHGLQWRWKHURRP0D[LPLOLDQZDVREOLJHG
WROHWKLPSDVVEXWKHIROORZHGKLP<RXZHUHZULWLQJ"
VDLG0RQWH&ULVWRZLWKDVHDUFKLQJORRN
,KDYHDOUHDG\KDGWKHKRQRURIWHOOLQJ\RX,ZDVVDLG
0RUUHO

1275

7KHFRXQWORRNHGDURXQGKLP<RXUSLVWROVDUHEHVLGH\RXU
GHVNVDLG0RQWH&ULVWRSRLQWLQJZLWKKLVILQJHUWRWKH
SLVWROVRQWKHWDEOH
,DPRQWKHSRLQWRIVWDUWLQJRQDMRXUQH\UHSOLHG0RUUHO
GLVGDLQIXOO\
0\IULHQGH[FODLPHG0RQWH&ULVWRLQDWRQHRIH[TXLVLWH
VZHHWQHVV
6LU"
0\IULHQGP\GHDU0D[LPLOLDQGRQRWPDNHDKDVW\
UHVROXWLRQ,HQWUHDW\RX
,PDNHDKDVW\UHVROXWLRQ"VDLG0RUUHOVKUXJJLQJKLV
VKRXOGHUVLVWKHUHDQ\WKLQJH[WUDRUGLQDU\LQDMRXUQH\"
0D[LPLOLDQVDLGWKHFRXQWOHWXVERWKOD\DVLGHWKH
PDVNZHKDYHDVVXPHG<RXQRPRUHGHFHLYHPHZLWKWKDWIDOVH
FDOPQHVVWKDQ,LPSRVHXSRQ\RXZLWKP\IULYRORXV
VROLFLWXGH<RXFDQXQGHUVWDQGFDQ\RXQRWWKDWWRKDYH
DFWHGDV,KDYHGRQHWRKDYHEURNHQWKDWJODVVWRKDYH
LQWUXGHGRQWKHVROLWXGHRIDIULHQG\RXFDQXQGHUVWDQG
WKDWWRKDYHGRQHDOOWKLV,PXVWKDYHEHHQDFWXDWHGE\
UHDOXQHDVLQHVVRUUDWKHUE\DWHUULEOHFRQYLFWLRQ0RUUHO
\RXDUHJRLQJWRGHVWUR\\RXUVHOI
,QGHHGFRXQWVDLG0RUUHOVKXGGHULQJZKDWKDVSXWWKLV
LQWR\RXUKHDG"
,WHOO\RXWKDW\RXDUHDERXWWRGHVWUR\\RXUVHOI
FRQWLQXHGWKHFRXQWDQGKHUHLVSURRIRIZKDW,VD\DQG
DSSURDFKLQJWKHGHVNKHUHPRYHGWKHVKHHWRISDSHUZKLFK
0RUUHOKDGSODFHGRYHUWKHOHWWHUKHKDGEHJXQDQGWRRNWKH
ODWWHULQKLVKDQGV
0RUUHOUXVKHGIRUZDUGWRWHDULWIURPKLPEXW0RQWH&ULVWR
SHUFHLYLQJKLVLQWHQWLRQVHL]HGKLVZULVWZLWKKLVLURQ
JUDVS<RXZLVKWRGHVWUR\\RXUVHOIVDLGWKHFRXQW\RX
KDYHZULWWHQLW
:HOOVDLG0RUUHOFKDQJLQJKLVH[SUHVVLRQRIFDOPQHVVIRU
RQHRIYLROHQFHZHOODQGLI,GRLQWHQGWRWXUQWKLV

1276

SLVWRODJDLQVWP\VHOIZKRVKDOOSUHYHQWPHZKRZLOOGDUH
SUHYHQWPH"$OOP\KRSHVDUHEOLJKWHGP\KHDUWLVEURNHQ
P\OLIHDEXUGHQHYHU\WKLQJDURXQGPHLVVDGDQGPRXUQIXO
HDUWKKDVEHFRPHGLVWDVWHIXOWRPHDQGKXPDQYRLFHV
GLVWUDFWPH,WLVDPHUF\WROHWPHGLHIRULI,OLYH,
VKDOOORVHP\UHDVRQDQGEHFRPHPDG:KHQVLU,WHOO\RX
DOOWKLVZLWKWHDUVRIKHDUWIHOWDQJXLVKFDQ\RXUHSO\WKDW
,DPZURQJFDQ\RXSUHYHQWP\SXWWLQJDQHQGWRP\
PLVHUDEOHH[LVWHQFH"7HOOPHVLUFRXOG\RXKDYHWKH
FRXUDJHWRGRVR"
<HV0RUUHOVDLG0RQWH&ULVWRZLWKDFDOPQHVVZKLFK
FRQWUDVWHGVWUDQJHO\ZLWKWKH\RXQJPDQ
VH[FLWHPHQW\HV
,ZRXOGGRVR
<RX"H[FODLPHG0RUUHOZLWKLQFUHDVLQJDQJHUDQGUHSURDFK
\RXZKRKDYHGHFHLYHGPHZLWKIDOVHKRSHVZKRKDYH
FKHHUHGDQGVRRWKHGPHZLWKYDLQSURPLVHVZKHQ,PLJKWLI
QRWKDYHVDYHGKHUDWOHDVWKDYHVHHQKHUGLHLQP\DUPV
<RXZKRSUHWHQGWRXQGHUVWDQGHYHU\WKLQJHYHQWKHKLGGHQ
VRXUFHVRINQRZOHGJHDQGZKRHQDFWWKHSDUWRID
JXDUGLDQDQJHOXSRQHDUWKDQGFRXOGQRWHYHQILQGDQ
DQWLGRWHWRDSRLVRQDGPLQLVWHUHGWRD\RXQJJLUO$KVLU
LQGHHG\RXZRXOGLQVSLUHPHZLWKSLW\ZHUH\RXQRWKDWHIXO
LQP\H\HV
0RUUHO
<HV\RXWHOOPHWROD\DVLGHWKHPDVNDQG,ZLOOGRVR
EHVDWLVILHG:KHQ\RXVSRNHWRPHDWWKHFHPHWHU\,
DQVZHUHG\RXP\KHDUWZDVVRIWHQHGZKHQ\RXDUULYHG
KHUH,DOORZHG\RXWRHQWHU%XWVLQFH\RXDEXVHP\
FRQILGHQFHVLQFH\RXKDYHGHYLVHGDQHZWRUWXUHDIWHU,
WKRXJKW,KDGH[KDXVWHGWKHPDOOWKHQ&RXQWRI0RQWH
&ULVWRP\SUHWHQGHGEHQHIDFWRUWKHQ&RXQWRI0RQWH
&ULVWRWKHXQLYHUVDOJXDUGLDQEHVDWLVILHG\RXVKDOO
ZLWQHVVWKHGHDWKRI\RXUIULHQGDQG0RUUHOZLWKD
PDQLDFDOODXJKDJDLQUXVKHGWRZDUGVWKHSLVWROV
$QG,DJDLQUHSHDW\RXVKDOOQRWFRPPLWVXLFLGH
3UHYHQWPHWKHQUHSOLHG0RUUHOZLWKDQRWKHUVWUXJJOH
ZKLFKOLNHWKHILUVWIDLOHGLQUHOHDVLQJKLPIURPWKH
FRXQW
VLURQJUDVS

1277

,ZLOOSUHYHQW\RX
$QGZKRDUH\RXWKHQWKDWDUURJDWHWR\RXUVHOIWKLV
W\UDQQLFDOULJKWRYHUIUHHDQGUDWLRQDOEHLQJV"
:KRDP,"UHSHDWHG0RQWH&ULVWR/LVWHQ,DPWKHRQO\
PDQLQWKHZRUOGKDYLQJWKHULJKWWRVD\WR\RXC0RUUHO
\RXUIDWKHU
VVRQVKDOOQRWGLHWRGD\
DQG0RQWH&ULVWR
ZLWKDQH[SUHVVLRQRIPDMHVW\DQGVXEOLPLW\DGYDQFHGZLWK
DUPVIROGHGWRZDUGWKH\RXQJPDQZKRLQYROXQWDULO\
RYHUFRPHE\WKHFRPPDQGLQJPDQQHURIWKLVPDQUHFRLOHGD
VWHS
:K\GR\RXPHQWLRQP\IDWKHU"VWDPPHUHGKHZK\GR\RX
PLQJOHDUHFROOHFWLRQRIKLPZLWKWKHDIIDLUVRIWRGD\"
%HFDXVH,DPKHZKRVDYHG\RXUIDWKHU
VOLIHZKHQKHZLVKHG
WRGHVWUR\KLPVHOIDV\RXGRWRGD\EHFDXVH,DPWKHPDQ
ZKRVHQWWKHSXUVHWR\RXU\RXQJVLVWHUDQGWKH3KDUDRQWR
ROG0RUUHOEHFDXVH,DPWKH(GPRQG'DQWHVZKRQXUVHG\RX
DFKLOGRQP\NQHHV0RUUHOPDGHDQRWKHUVWHSEDFN
VWDJJHULQJEUHDWKOHVVFUXVKHGWKHQDOOKLVVWUHQJWKJLYH
ZD\DQGKHIHOOSURVWUDWHDWWKHIHHWRI0RQWH&ULVWR7KHQ
KLVDGPLUDEOHQDWXUHXQGHUZHQWDFRPSOHWHDQGVXGGHQ
UHYXOVLRQKHDURVHUXVKHGRXWRIWKHURRPDQGWRWKH
VWDLUVH[FODLPLQJHQHUJHWLFDOO\-XOLH-XOLH(PPDQXHO
(PPDQXHO
0RQWH&ULVWRHQGHDYRUHGDOVRWROHDYHEXW0D[LPLOLDQZRXOG
KDYHGLHGUDWKHUWKDQUHOD[KLVKROGRIWKHKDQGOHRIWKH
GRRUZKLFKKHFORVHGXSRQWKHFRXQW-XOLH(PPDQXHODQG
VRPHRIWKHVHUYDQWVUDQXSLQDODUPRQKHDULQJWKHFULHV
RI0D[LPLOLDQ0RUUHOVHL]HGWKHLUKDQGVDQGRSHQLQJWKH
GRRUH[FODLPHGLQDYRLFHFKRNHGZLWKVREV2Q\RXUNQHHV
RQ\RXUNQHHVKHLVRXUEHQHIDFWRUWKHVDYLRXURI
RXUIDWKHU+HLV
+HZRXOGKDYHDGGHG(GPRQG'DQWHVEXWWKHFRXQWVHL]HG
KLVDUPDQGSUHYHQWHGKLP-XOLHWKUHZKHUVHOILQWRWKHDUPV
RIWKHFRXQW(PPDQXHOHPEUDFHGKLPDVDJXDUGLDQDQJHO
0RUUHODJDLQIHOORQKLVNQHHVDQGVWUXFNWKHJURXQGZLWK
KLVIRUHKHDG7KHQWKHLURQKHDUWHGPDQIHOWKLVKHDUWVZHOO
LQKLVEUHDVWDIODPHVHHPHGWRUXVKIURPKLVWKURDWWRKLV

1278

H\HVKHEHQWKLVKHDGDQGZHSW)RUDZKLOHQRWKLQJZDV
KHDUGLQWKHURRPEXWDVXFFHVVLRQRIVREVZKLOHWKH
LQFHQVHIURPWKHLUJUDWHIXOKHDUWVPRXQWHGWRKHDYHQ-XOLH
KDGVFDUFHO\UHFRYHUHGIURPKHUGHHSHPRWLRQZKHQVKHUXVKHG
RXWRIWKHURRPGHVFHQGHGWRWKHQH[WIORRUUDQLQWRWKH
GUDZLQJURRPZLWKFKLOGOLNHMR\DQGUDLVHGWKHFU\VWDOJOREH
ZKLFKFRYHUHGWKHSXUVHJLYHQE\WKHXQNQRZQRIWKH$OOHHV
GH0HLOODQ0HDQZKLOH(PPDQXHOLQDEURNHQYRLFHVDLGWR
WKHFRXQW2KFRXQWKRZFRXOG\RXKHDULQJXVVRRIWHQ
VSHDNRIRXUXQNQRZQEHQHIDFWRUVHHLQJXVSD\VXFKKRPDJH
RIJUDWLWXGHDQGDGRUDWLRQWRKLVPHPRU\KRZFRXOG\RX
FRQWLQXHVRORQJZLWKRXWGLVFRYHULQJ\RXUVHOIWRXV"2KLW
ZDVFUXHOWRXVDQGGDUH,VD\LW"WR\RXDOVR
/LVWHQP\IULHQGVVDLGWKHFRXQW,PD\FDOO\RXVR
VLQFHZHKDYHUHDOO\EHHQIULHQGVIRUWKHODVWHOHYHQ\HDUV
WKHGLVFRYHU\RIWKLVVHFUHWKDVEHHQRFFDVLRQHGE\D
JUHDWHYHQWZKLFK\RXPXVWQHYHUNQRZ,ZLVKWREXU\LW
GXULQJP\ZKROHOLIHLQP\RZQERVRPEXW\RXUEURWKHU
0D[LPLOLDQZUHVWHGLWIURPPHE\DYLROHQFHKHUHSHQWVRI
QRZ,DPVXUH7KHQWXUQLQJDURXQGDQGVHHLQJWKDW
0RUUHOVWLOORQKLVNQHHVKDGWKURZQKLPVHOILQWRDQ
DUPFKDLUEHDGGHGLQDORZYRLFHSUHVVLQJ(PPDQXHO
VKDQG
VLJQLILFDQWO\:DWFKRYHUKLP
:K\VR"DVNHGWKH\RXQJPDQVXUSULVHG
,FDQQRWH[SODLQP\VHOIEXWZDWFKRYHUKLP(PPDQXHO
ORRNHGDURXQGWKHURRPDQGFDXJKWVLJKWRIWKHSLVWROVKLV
H\HVUHVWHGRQWKHZHDSRQVDQGKHSRLQWHGWRWKHP0RQWH
&ULVWREHQWKLVKHDG(PPDQXHOZHQWWRZDUGVWKHSLVWROV
/HDYHWKHPVDLG0RQWH&ULVWR7KHQZDONLQJWRZDUGV
0RUUHOKHWRRNKLVKDQGWKHWXPXOWXRXVDJLWDWLRQRIWKH
\RXQJPDQZDVVXFFHHGHGE\DSURIRXQGVWXSRU-XOLH
UHWXUQHGKROGLQJWKHVLONHQSXUVHLQKHUKDQGVZKLOHWHDUV
RIMR\UROOHGGRZQKHUFKHHNVOLNHGHZGURSVRQWKHURVH
+HUHLVWKHUHOLFVKHVDLGGRQRWWKLQNLWZLOOEHOHVV
GHDUWRXVQRZZHDUHDFTXDLQWHGZLWKRXUEHQHIDFWRU
0\FKLOGVDLG0RQWH&ULVWRFRORULQJDOORZPHWRWDNH
EDFNWKDWSXUVH"6LQFH\RXQRZNQRZP\IDFH,ZLVKWREH
UHPHPEHUHGDORQHWKURXJKWKHDIIHFWLRQ,KRSH\RXZLOOJUDQW
PH

1279

2KVDLG-XOLHSUHVVLQJWKHSXUVHWRKHUKHDUWQRQR
,EHVHHFK\RXGRQRWWDNHLWIRUVRPHXQKDSS\GD\\RXZLOO
OHDYHXVZLOO\RXQRW"
<RXKDYHJXHVVHGULJKWO\PDGDPHUHSOLHG0RQWH&ULVWR
VPLOLQJLQDZHHN,VKDOOKDYHOHIWWKLVFRXQWU\ZKHUHVR
PDQ\SHUVRQVZKRPHULWWKHYHQJHDQFHRIKHDYHQOLYHG
KDSSLO\ZKLOHP\IDWKHUSHULVKHGRIKXQJHUDQGJULHI
:KLOHDQQRXQFLQJKLVGHSDUWXUHWKHFRXQWIL[HGKLVH\HVRQ
0RUUHODQGUHPDUNHGWKDWWKHZRUGV,VKDOOKDYHOHIWWKLV
FRXQWU\KDGIDLOHGWRURXVHKLPIURPKLVOHWKDUJ\+HWKHQ
VDZWKDWKHPXVWPDNHDQRWKHUVWUXJJOHDJDLQVWWKHJULHIRI
KLVIULHQGDQGWDNLQJWKHKDQGVRI(PPDQXHODQG-XOLH
ZKLFKKHSUHVVHGZLWKLQKLVRZQKHVDLGZLWKWKHPLOG
DXWKRULW\RIDIDWKHU0\NLQGIULHQGVOHDYHPHDORQHZLWK
0D[LPLOLDQ-XOLHVDZWKHPHDQVRIIHUHGRIFDUU\LQJRIIKHU
SUHFLRXVUHOLFZKLFK0RQWH&ULVWRKDGIRUJRWWHQ6KHGUHZ
KHUKXVEDQGWRWKHGRRU/HWXVOHDYHWKHPVKHVDLG7KH
FRXQWZDVDORQHZLWK0RUUHOZKRUHPDLQHGPRWLRQOHVVDVD
VWDWXH
&RPHVDLG0RQWH&ULVWRWRXFKLQJKLVVKRXOGHUZLWKKLV
ILQJHUDUH\RXDPDQDJDLQ0D[LPLOLDQ"
<HVIRU,EHJLQWRVXIIHUDJDLQ
7KHFRXQWIURZQHGDSSDUHQWO\LQJORRP\KHVLWDWLRQ
0D[LPLOLDQ0D[LPLOLDQKHVDLGWKHLGHDV\RX\LHOGWR
DUHXQZRUWK\RID&KULVWLDQ
2KGRQRWIHDUP\IULHQGVDLG0RUUHOUDLVLQJKLVKHDG
DQGVPLOLQJZLWKDVZHHWH[SUHVVLRQRQWKHFRXQW,VKDOO
QRORQJHUDWWHPSWP\OLIH
7KHQZHDUHWRKDYHQRPRUHSLVWROVQRPRUHGHVSDLU"
1R,KDYHIRXQGDEHWWHUUHPHG\IRUP\JULHIWKDQHLWKHUD
EXOOHWRUDNQLIH
3RRUIHOORZZKDWLVLW"
0\JULHIZLOONLOOPHRILWVHOI

1280

0\IULHQGVDLG0RQWH&ULVWRZLWKDQH[SUHVVLRQRI
PHODQFKRO\HTXDOWRKLVRZQOLVWHQWRPH2QHGD\LQD
PRPHQWRIGHVSDLUOLNH\RXUVVLQFHLWOHGWRDVLPLODU
UHVROXWLRQ,DOVRZLVKHGWRNLOOP\VHOIRQHGD\\RXU
IDWKHUHTXDOO\GHVSHUDWHZLVKHGWRNLOOKLPVHOIWRR,I
DQ\RQHKDGVDLGWR\RXUIDWKHUDWWKHPRPHQWKHUDLVHGWKH
SLVWROWRKLVKHDGLIDQ\RQHKDGWROGPHZKHQLQP\
SULVRQ,SXVKHGEDFNWKHIRRG,KDGQRWWDVWHGIRUWKUHH
GD\VLIDQ\RQHKDGVDLGWRHLWKHURIXVWKHQC/LYH
WKHGD\ZLOOFRPHZKHQ\RXZLOOEHKDSS\DQGZLOOEOHVV
OLIH
QRPDWWHUZKRVHYRLFHKDGVSRNHQZHVKRXOGKDYH
KHDUGKLPZLWKWKHVPLOHRIGRXEWRUWKHDQJXLVKRI
LQFUHGXOLW\DQG\HWKRZPDQ\WLPHVKDV\RXUIDWKHU
EOHVVHGOLIHZKLOHHPEUDFLQJ\RXKRZRIWHQKDYH,P\VHOI

$KH[FODLPHG0RUUHOLQWHUUXSWLQJWKHFRXQW\RXKDG
RQO\ORVW\RXUOLEHUW\P\IDWKHUKDGRQO\ORVWKLVIRUWXQH
EXW,KDYHORVW9DOHQWLQH
/RRNDWPHVDLG0RQWH&ULVWRZLWKWKDWH[SUHVVLRQZKLFK
VRPHWLPHVPDGHKLPVRHORTXHQWDQGSHUVXDVLYHORRNDW
PH7KHUHDUHQRWHDUVLQP\H\HVQRULVWKHUHIHYHULQP\
YHLQV\HW,VHH\RXVXIIHU\RX0D[LPLOLDQZKRP,ORYH
DVP\RZQVRQ:HOOGRHVQRWWKLVWHOO\RXWKDWLQJULHI
DVLQOLIHWKHUHLVDOZD\VVRPHWKLQJWRORRNIRUZDUGWR
EH\RQG"1RZLI,HQWUHDWLI,RUGHU\RXWROLYH0RUUHO
LWLVLQWKHFRQYLFWLRQWKDWRQHGD\\RXZLOOWKDQNPHIRU
KDYLQJSUHVHUYHG\RXUOLIH
2KKHDYHQVVDLGWKH\RXQJPDQRKKHDYHQVZKDWDUH
\RXVD\LQJFRXQW"7DNHFDUH%XWSHUKDSV\RXKDYHQHYHU
ORYHG
&KLOGUHSOLHGWKHFRXQW
,PHDQDV,ORYH<RXVHH,KDYHEHHQDVROGLHUHYHU
VLQFH,DWWDLQHGPDQKRRG,UHDFKHGWKHDJHRIWZHQW\QLQH
ZLWKRXWORYLQJIRUQRQHRIWKHIHHOLQJV,EHIRUHWKHQ
H[SHULHQFHGPHULWWKHDSHOODWLRQRIORYH:HOODW
WZHQW\QLQH,VDZ9DOHQWLQHIRUWZR\HDUV,KDYHORYHGKHU
IRUWZR\HDUV,KDYHVHHQZULWWHQLQKHUKHDUWDVLQD
ERRNDOOWKHYLUWXHVRIDGDXJKWHUDQGZLIH&RXQWWR

1281

SRVVHVV9DOHQWLQHZRXOGKDYHEHHQDKDSSLQHVVWRRLQILQLWH
WRRHFVWDWLFWRRFRPSOHWHWRRGLYLQHIRUWKLVZRUOGVLQFH
LWKDVEHHQGHQLHGPHEXWZLWKRXW9DOHQWLQHWKHHDUWKLV
GHVRODWH
,KDYHWROG\RXWRKRSHVDLGWKHFRXQW
7KHQKDYHDFDUH,UHSHDWIRU\RXVHHNWRSHUVXDGHPH
DQGLI\RXVXFFHHG,VKRXOGORVHP\UHDVRQIRU,VKRXOG
KRSHWKDW,FRXOGDJDLQEHKROG9DOHQWLQH7KHFRXQWVPLOHG
0\IULHQGP\IDWKHUVDLG0RUUHOZLWKH[FLWHPHQWKDYHD
FDUH,DJDLQUHSHDWIRUWKHSRZHU\RXZLHOGRYHUPHDODUPV
PH:HLJK\RXUZRUGVEHIRUH\RXVSHDNIRUP\H\HVKDYH
DOUHDG\EHFRPHEULJKWHUDQGP\KHDUWEHDWVVWURQJO\EH
FDXWLRXVRU\RXZLOOPDNHPHEHOLHYHLQVXSHUQDWXUDO
DJHQFLHV,PXVWREH\\RXWKRXJK\RXEDGHPHFDOOIRUWKWKH
GHDGRUZDONXSRQWKHZDWHU
+RSHP\IULHQGUHSHDWHGWKHFRXQW
$KVDLG0RUUHOIDOOLQJIURPWKHKHLJKWRIH[FLWHPHQWWR
WKHDE\VVRIGHVSDLUDK\RXDUHSOD\LQJZLWKPHOLNH
WKRVHJRRGRUUDWKHUVHOILVKPRWKHUVZKRVRRWKHWKHLU
FKLOGUHQZLWKKRQH\HGZRUGVEHFDXVHWKHLUVFUHDPVDQQR\
WKHP1RP\IULHQG,ZDVZURQJWRFDXWLRQ\RXGRQRW
IHDU,ZLOOEXU\P\JULHIVRGHHSLQP\KHDUW,ZLOO
GLVJXLVHLWVRWKDW\RXVKDOOQRWHYHQFDUHWRV\PSDWKL]H
ZLWKPH$GLHXP\IULHQGDGLHX
2QWKHFRQWUDU\VDLGWKHFRXQWDIWHUWKLVWLPH\RXPXVW
OLYHZLWKPH\RXPXVWQRWOHDYHPHDQGLQDZHHNZH
VKDOOKDYHOHIW)UDQFHEHKLQGXV
$QG\RXVWLOOELGPHKRSH"
,WHOO\RXWRKRSHEHFDXVH,KDYHDPHWKRGRIFXULQJ\RX
&RXQW\RXUHQGHUPHVDGGHUWKDQEHIRUHLILWEHSRVVLEOH
<RXWKLQNWKHUHVXOWRIWKLVEORZKDVEHHQWRSURGXFHDQ
RUGLQDU\JULHIDQG\RXZRXOGFXUHLWE\DQRUGLQDU\UHPHG\
FKDQJHRIVFHQH$QG0RUUHOGURSSHGKLVKHDGZLWK
GLVGDLQIXOLQFUHGXOLW\:KDWFDQ,VD\PRUH"DVNHG0RQWH
&ULVWR,KDYHFRQILGHQFHLQWKHUHPHG\,SURSRVHDQGRQO\
DVN\RXWRSHUPLWPHWRDVVXUH\RXRILWVHIILFDF\

1282

&RXQW\RXSURORQJP\DJRQ\
7KHQVDLGWKHFRXQW\RXUIHHEOHVSLULWZLOOQRWHYHQ
JUDQWPHWKHWULDO,UHTXHVW"&RPHGR\RXNQRZRIZKDW
WKH&RXQWRI0RQWH&ULVWRLVFDSDEOH"GR\RXNQRZWKDWKH
KROGVWHUUHVWULDOEHLQJVXQGHUKLVFRQWURO"QD\WKDWKHFDQ
DOPRVWZRUNDPLUDFOH":HOOZDLWIRUWKHPLUDFOH,KRSHWR
DFFRPSOLVKRU
2U"UHSHDWHG0RUUHO
2UWDNHFDUH0RUUHOOHVW,FDOO\RXXQJUDWHIXO
+DYHSLW\RQPHFRXQW
,IHHOVRPXFKSLW\WRZDUGV\RX0D[LPLOLDQWKDWOLVWHQ
WRPHDWWHQWLYHO\LI,GRQRWFXUH\RXLQDPRQWKWRWKH
GD\WRWKHYHU\KRXUPDUNP\ZRUGV0RUUHO,ZLOOSODFH
ORDGHGSLVWROVEHIRUH\RXDQGDFXSRIWKHGHDGOLHVW
,WDOLDQSRLVRQDSRLVRQPRUHVXUHDQGSURPSWWKDQWKDW
ZKLFKKDVNLOOHG9DOHQWLQH
:LOO\RXSURPLVHPH"
<HVIRU,DPDPDQDQGKDYHVXIIHUHGOLNH\RXUVHOIDQG
DOVRFRQWHPSODWHGVXLFLGHLQGHHGRIWHQVLQFHPLVIRUWXQH
KDVOHIWPH,KDYHORQJHGIRUWKHGHOLJKWVRIDQHWHUQDO
VOHHS
%XW\RXDUHVXUH\RXZLOOSURPLVHPHWKLV"VDLG0RUUHO
LQWR[LFDWHG,QRWRQO\SURPLVHEXWVZHDULWVDLG0RQWH
&ULVWRH[WHQGLQJKLVKDQG
,QDPRQWKWKHQRQ\RXUKRQRULI,DPQRWFRQVROHG\RX
ZLOOOHWPHWDNHP\OLIHLQWRP\RZQKDQGVDQGZKDWHYHUPD\
KDSSHQ\RXZLOOQRWFDOOPHXQJUDWHIXO"
,QDPRQWKWRWKHGD\WKHYHU\KRXUDQGWKHGDWHDUH
VDFUHG0D[LPLOLDQ,GRQRWNQRZZKHWKHU\RXUHPHPEHUWKDW
WKLVLVWKHWKRI6HSWHPEHULWLVWHQ\HDUVWRGD\VLQFH,
VDYHG\RXUIDWKHU
VOLIHZKRZLVKHGWRGLH0RUUHOVHL]HG
WKHFRXQW
VKDQGDQGNLVVHGLWWKHFRXQWDOORZHGKLPWRSD\
WKHKRPDJHKHIHOWGXHWRKLP,QDPRQWK\RXZLOOILQGRQ

1283

WKHWDEOHDWZKLFKZHVKDOOEHWKHQVLWWLQJJRRGSLVWROV
DQGDGHOLFLRXVGUDXJKWEXWRQWKHRWKHUKDQG\RXPXVW
SURPLVHPHQRWWRDWWHPSW\RXUOLIHEHIRUHWKDWWLPH
2K,DOVRVZHDULW0RQWH&ULVWRGUHZWKH\RXQJPDQ
WRZDUGVKLPDQGSUHVVHGKLPIRUVRPHWLPHWRKLVKHDUW
$QGQRZKHVDLGDIWHUWRGD\\RXZLOOFRPHDQGOLYH
ZLWKPH\RXFDQRFFXS\+DLGHH
VDSDUWPHQWDQGP\GDXJKWHU
ZLOODWOHDVWEHUHSODFHGE\P\VRQ
+DLGHH"VDLG0RUUHOZKDWKDVEHFRPHRIKHU"
6KHGHSDUWHGODVWQLJKW
7ROHDYH\RX"
7RZDLWIRUPH+ROG\RXUVHOIUHDG\WKHQWRMRLQPHDWWKH
&KDPSV(O\VHHVDQGOHDGPHRXWRIWKLVKRXVHZLWKRXWDQ\
RQHVHHLQJP\GHSDUWXUH0D[LPLOLDQKXQJKLVKHDGDQG
REH\HGZLWKFKLOGOLNHUHYHUHQFH

&KDSWHU
'LYLGLQJWKH3URFHHGV
7KHDSDUWPHQWRQWKHVHFRQGIORRURIWKHKRXVHLQWKH5XH
6DLQW*HUPDLQGHV3UHVZKHUH$OEHUWGH0RUFHUIKDGVHOHFWHG
DKRPHIRUKLVPRWKHUZDVOHWWRDYHU\P\VWHULRXVSHUVRQ
7KLVZDVDPDQZKRVHIDFHWKHFRQFLHUJHKLPVHOIKDGQHYHU
VHHQIRULQWKHZLQWHUKLVFKLQZDVEXULHGLQRQHRIWKH
ODUJHUHGKDQGNHUFKLHIVZRUQE\JHQWOHPHQ
VFRDFKPHQRQD
FROGQLJKWDQGLQWKHVXPPHUKHPDGHDSRLQWRIDOZD\V
EORZLQJKLVQRVHMXVWDVKHDSSURDFKHGWKHGRRU&RQWUDU\WR
FXVWRPWKLVJHQWOHPDQKDGQRWEHHQZDWFKHGIRUDVWKH
UHSRUWUDQWKDWKHZDVDSHUVRQRIKLJKUDQNDQGRQHZKR
ZRXOGDOORZQRLPSHUWLQHQWLQWHUIHUHQFHKLVLQFRJQLWRZDV
VWULFWO\UHVSHFWHG
+LVYLVLWVZHUHWROHUDEO\UHJXODUWKRXJKRFFDVLRQDOO\KH
DSSHDUHGDOLWWOHEHIRUHRUDIWHUKLVWLPHEXWJHQHUDOO\
ERWKLQVXPPHUDQGZLQWHUKHWRRNSRVVHVVLRQRIKLV
DSDUWPHQWDERXWIRXUR
FORFNWKRXJKKHQHYHUVSHQWWKH
QLJKWWKHUH$WKDOISDVWWKUHHLQWKHZLQWHUWKHILUHZDV

1284

OLJKWHGE\WKHGLVFUHHWVHUYDQWZKRKDGWKHVXSHULQWHQGHQFH
RIWKHOLWWOHDSDUWPHQWDQGLQWKHVXPPHULFHVZHUHSODFHG
RQWKHWDEOHDWWKHVDPHKRXU$WIRXUR
FORFNDVZHKDYH
DOUHDG\VWDWHGWKHP\VWHULRXVSHUVRQDJHDUULYHG7ZHQW\
PLQXWHVDIWHUZDUGVDFDUULDJHVWRSSHGDWWKHKRXVHDODG\
DOLJKWHGLQDEODFNRUGDUNEOXHGUHVVDQGDOZD\VWKLFNO\
YHLOHGVKHSDVVHGOLNHDVKDGRZWKURXJKWKHORGJHDQGUDQ
XSVWDLUVZLWKRXWDVRXQGHVFDSLQJXQGHUWKHWRXFKRIKHU
OLJKWIRRW1RRQHHYHUDVNHGKHUZKHUHVKHZDVJRLQJ+HU
IDFHWKHUHIRUHOLNHWKDWRIWKHJHQWOHPDQZDVSHUIHFWO\
XQNQRZQWRWKHWZRFRQFLHUJHVZKRZHUHSHUKDSVXQHTXDOOHG
WKURXJKRXWWKHFDSLWDOIRUGLVFUHWLRQ:HQHHGQRWVD\VKH
VWRSSHGDWWKHVHFRQGIORRU7KHQVKHWDSSHGLQDSHFXOLDU
PDQQHUDWDGRRUZKLFKDIWHUEHLQJRSHQHGWRDGPLWKHUZDV
DJDLQIDVWHQHGDQGFXULRVLW\SHQHWUDWHGQRIDUWKHU7KH\
XVHGWKHVDPHSUHFDXWLRQVLQOHDYLQJDVLQHQWHULQJWKH
KRXVH7KHODG\DOZD\VOHIWILUVWDQGDVVRRQDVVKHKDG
VWHSSHGLQWRKHUFDUULDJHLWGURYHDZD\VRPHWLPHVWRZDUGV
WKHULJKWKDQGVRPHWLPHVWRWKHOHIWWKHQDERXWWZHQW\
PLQXWHVDIWHUZDUGVWKHJHQWOHPDQZRXOGDOVROHDYHEXULHGLQ
KLVFUDYDWRUFRQFHDOHGE\KLVKDQGNHUFKLHI
7KHGD\DIWHU0RQWH&ULVWRKDGFDOOHGXSRQ'DQJODUVWKH
P\VWHULRXVORGJHUHQWHUHGDWWHQR
FORFNLQWKHPRUQLQJ
LQVWHDGRIIRXULQWKHDIWHUQRRQ$OPRVWGLUHFWO\
DIWHUZDUGVZLWKRXWWKHXVXDOLQWHUYDORIWLPHDFDE
DUULYHGDQGWKHYHLOHGODG\UDQKDVWLO\XSVWDLUV7KHGRRU
RSHQHGEXWEHIRUHLWFRXOGEHFORVHGWKHODG\H[FODLPHG
2K/XFLHQRKP\IULHQG7KHFRQFLHUJHWKHUHIRUHKHDUG
IRUWKHILUVWWLPHWKDWWKHORGJHU
VQDPHZDV/XFLHQVWLOO
DVKHZDVWKHYHU\SHUIHFWLRQRIDGRRUNHHSHUKHPDGHXS
KLVPLQGQRWWRWHOOKLVZLIH:HOOZKDWLVWKHPDWWHUP\
GHDU"DVNHGWKHJHQWOHPDQZKRVHQDPHWKHODG\
VDJLWDWLRQ
UHYHDOHGWHOOPHZKDWLVWKHPDWWHU
2K/XFLHQFDQ,FRQILGHLQ\RX"
2IFRXUVH\RXNQRZ\RXFDQGRVR%XWZKDWFDQEHWKH
PDWWHU"<RXUQRWHRIWKLVPRUQLQJKDVFRPSOHWHO\EHZLOGHUHG
PH7KLVSUHFLSLWDWLRQWKLVXQXVXDODSSRLQWPHQW&RPH
HDVHPHRIP\DQ[LHW\RUHOVHIULJKWHQPHDWRQFH
/XFLHQDJUHDWHYHQWKDVKDSSHQHGVDLGWKHODG\
JODQFLQJLQTXLULQJO\DW/XFLHQ0'DQJODUVOHIWODVW

1285

QLJKW
/HIW"0'DQJODUVOHIW":KHUHKDVKHJRQH"
,GRQRWNQRZ
:KDWGR\RXPHDQ"+DVKHJRQHLQWHQGLQJQRWWRUHWXUQ"
8QGRXEWHGO\DWWHQR
FORFNDWQLJKWKLVKRUVHVWRRNKLP
WRWKHEDUULHURI&KDUHQWRQWKHUHDSRVWFKDLVHZDVZDLWLQJ
IRUKLPKHHQWHUHGLWZLWKKLVYDOHWGHFKDPEUHVD\LQJ
WKDWKHZDVJRLQJWR)RQWDLQHEOHDX
7KHQZKDWGLG\RXPHDQ
6WD\KHOHIWDOHWWHUIRUPH
$OHWWHU"
<HVUHDGLW$QGWKHEDURQHVVWRRNIURPKHUSRFNHWD
OHWWHUZKLFKVKHJDYHWR'HEUD\'HEUD\SDXVHGDPRPHQW
EHIRUHUHDGLQJDVLIWU\LQJWRJXHVVLWVFRQWHQWVRU
SHUKDSVZKLOHPDNLQJXSKLVPLQGKRZWRDFWZKDWHYHULW
PLJKWFRQWDLQ1RGRXEWKLVLGHDVZHUHDUUDQJHGLQDIHZ
PLQXWHVIRUKHEHJDQUHDGLQJWKHOHWWHUZKLFKFDXVHGVR
PXFKXQHDVLQHVVLQWKHKHDUWRIWKHEDURQHVVDQGZKLFKUDQ
DVIROORZV
0DGDPHDQGPRVWIDLWKIXOZLIH
'HEUD\PHFKDQLFDOO\VWRSSHGDQGORRNHGDWWKHEDURQHVV
ZKRVHIDFHEHFDPHFRYHUHGZLWKEOXVKHV5HDGVKHVDLG
'HEUD\FRQWLQXHG
:KHQ\RXUHFHLYHWKLV\RXZLOOQRORQJHUKDYHDKXVEDQG
2K\RXQHHGQRWEHDODUPHG\RXZLOORQO\KDYHORVWKLPDV
\RXKDYHORVW\RXUGDXJKWHU,PHDQWKDW,VKDOOEH
WUDYHOOLQJRQRQHRIWKHWKLUW\RUIRUW\URDGVOHDGLQJRXW
RI)UDQFH,RZH\RXVRPHH[SODQDWLRQVIRUP\FRQGXFWDQG
DV\RXDUHDZRPDQWKDWFDQSHUIHFWO\XQGHUVWDQGPH,ZLOO
JLYHWKHP/LVWHQWKHQ,UHFHLYHGWKLVPRUQLQJILYH
PLOOLRQVZKLFK,SDLGDZD\DOPRVWGLUHFWO\DIWHUZDUGV
DQRWKHUGHPDQGIRUWKHVDPHVXPZDVSUHVHQWHGWRPH,SXW

1286

WKLVFUHGLWRURIIWLOOWRPRUURZDQG,LQWHQGOHDYLQJ
WRGD\WRHVFDSHWKDWWRPRUURZZKLFKZRXOGEHUDWKHUWRR
XQSOHDVDQWIRUPHWRHQGXUH<RXXQGHUVWDQGWKLVGR\RX
QRWP\PRVWSUHFLRXVZLIH",VD\\RXXQGHUVWDQGWKLV
EHFDXVH\RXDUHDVFRQYHUVDQWZLWKP\DIIDLUVDV,DP
LQGHHG,WKLQN\RXXQGHUVWDQGWKHPEHWWHUVLQFH,DP
LJQRUDQWRIZKDWKDVEHFRPHRIDFRQVLGHUDEOHSRUWLRQRIP\
IRUWXQHRQFHYHU\WROHUDEOHZKLOH,DPVXUHPDGDPHWKDW
\RXNQRZSHUIHFWO\ZHOO)RUZRPHQKDYHLQIDOOLEOH
LQVWLQFWVWKH\FDQHYHQH[SODLQWKHPDUYHOORXVE\DQ
DOJHEUDLFFDOFXODWLRQWKH\KDYHLQYHQWHGEXW,ZKRRQO\
XQGHUVWDQGP\RZQILJXUHVNQRZQRWKLQJPRUHWKDQWKDWRQH
GD\WKHVHILJXUHVGHFHLYHGPH+DYH\RXDGPLUHGWKHUDSLGLW\
RIP\IDOO"+DYH\RXEHHQVOLJKWO\GD]]OHGDWWKHVXGGHQ
IXVLRQRIP\LQJRWV",FRQIHVV,KDYHVHHQQRWKLQJEXWWKH
ILUHOHWXVKRSH\RXKDYHIRXQGVRPHJROGDPRQJWKHDVKHV
:LWKWKLVFRQVROLQJLGHD,OHDYH\RXPDGDPHDQGPRVW
SUXGHQWZLIHZLWKRXWDQ\FRQVFLHQWLRXVUHSURDFKIRU
DEDQGRQLQJ\RX\RXKDYHIULHQGVOHIWDQGWKHDVKHV,KDYH
DOUHDG\PHQWLRQHGDQGDERYHDOOWKHOLEHUW\,KDVWHQWR
UHVWRUHWR\RX$QGKHUHPDGDPH,PXVWDGGDQRWKHUZRUGRI
H[SODQDWLRQ6RORQJDV,KRSHG\RXZHUHZRUNLQJIRUWKH
JRRGRIRXUKRXVHDQGIRUWKHIRUWXQHRIRXUGDXJKWHU,
SKLORVRSKLFDOO\FORVHGP\H\HVEXWDV\RXKDYHWUDQVIRUPHG
WKDWKRXVHLQWRDYDVWUXLQ,ZLOOQRWEHWKHIRXQGDWLRQRI
DQRWKHUPDQ
VIRUWXQH<RXZHUHULFKZKHQ,PDUULHG\RXEXW
OLWWOHUHVSHFWHG([FXVHPHIRUVSHDNLQJVRYHU\FDQGLGO\
EXWDVWKLVLVLQWHQGHGRQO\IRURXUVHOYHV,GRQRWVHHZK\
,VKRXOGZHLJKP\ZRUGV,KDYHDXJPHQWHGRXUIRUWXQHDQG
LWKDVFRQWLQXHGWRLQFUHDVHGXULQJWKHODVWILIWHHQ\HDUV
WLOOH[WUDRUGLQDU\DQGXQH[SHFWHGFDWDVWURSKHVKDYHVXGGHQO\
RYHUWXUQHGLWZLWKRXWDQ\IDXOWRIPLQH,FDQKRQHVWO\
GHFODUH<RXPDGDPHKDYHRQO\VRXJKWWRLQFUHDVH\RXURZQ
DQG,DPFRQYLQFHGWKDW\RXKDYHVXFFHHGHG,OHDYH\RX
WKHUHIRUHDV,WRRN\RXULFKEXWOLWWOHUHVSHFWHG
$GLHX,DOVRLQWHQGIURPWKLVWLPHWRZRUNRQP\RZQ
DFFRXQW$FFHSWP\DFNQRZOHGJPHQWVIRUWKHH[DPSOH\RXKDYH
VHWPHDQGZKLFK,LQWHQGIROORZLQJ
<RXUYHU\GHYRWHGKXVEDQG
%DURQ'DQJODUV
7KHEDURQHVVKDGZDWFKHG'HEUD\ZKLOHKHUHDGWKLVORQJDQG

1287

SDLQIXOOHWWHUDQGVDZKLPQRWZLWKVWDQGLQJKLV
VHOIFRQWUROFKDQJHFRORURQFHRUWZLFH:KHQKHKDGHQGHG
WKHSHUXVDOKHIROGHGWKHOHWWHUDQGUHVXPHGKLVSHQVLYH
DWWLWXGH:HOO"DVNHG0DGDPH'DQJODUVZLWKDQDQ[LHW\
HDV\WREHXQGHUVWRRG
:HOOPDGDPH"XQKHVLWDWLQJO\UHSHDWHG'HEUD\
:LWKZKDWLGHDVGRHVWKDWOHWWHULQVSLUH\RX"
2KLWLVVLPSOHHQRXJKPDGDPHLWLQVSLUHVPHZLWKWKH
LGHDWKDW0'DQJODUVKDVOHIWVXVSLFLRXVO\
&HUWDLQO\EXWLVWKLVDOO\RXKDYHWRVD\WRPH"
,GRQRWXQGHUVWDQG\RXVDLG'HEUD\ZLWKIUHH]LQJ
FROGQHVV
+HLVJRQH*RQHQHYHUWRUHWXUQ
2KPDGDPHGRQRWWKLQNWKDW
,WHOO\RXKHZLOOQHYHUUHWXUQ,NQRZKLVFKDUDFWHUKH
LVLQIOH[LEOHLQDQ\UHVROXWLRQVIRUPHGIRUKLVRZQ
LQWHUHVWV,IKHFRXOGKDYHPDGHDQ\XVHRIPHKHZRXOG
KDYHWDNHQPHZLWKKLPKHOHDYHVPHLQ3DULVDVRXU
VHSDUDWLRQZLOOFRQGXFHWRKLVEHQHILWWKHUHIRUHKHKDV
JRQHDQG,DPIUHHIRUHYHUDGGHG0DGDPH'DQJODUVLQWKH
VDPHVXSSOLFDWLQJWRQH'HEUD\LQVWHDGRIDQVZHULQJ
DOORZHGKHUWRUHPDLQLQDQDWWLWXGHRIQHUYRXVLQTXLU\
:HOO"VKHVDLGDWOHQJWKGR\RXQRWDQVZHUPH"
,KDYHEXWRQHTXHVWLRQWRDVN\RXZKDWGR\RXLQWHQG
WRGR"
,ZDVJRLQJWRDVN\RXUHSOLHGWKHEDURQHVVZLWKD
EHDWLQJKHDUW
$KWKHQ\RXZLVKWRDVNDGYLFHRIPH"
<HV,GRZLVKWRDVN\RXUDGYLFHVDLG0DGDPH'DQJODUV
ZLWKDQ[LRXVH[SHFWDWLRQ
7KHQLI\RXZLVKWRWDNHP\DGYLFHVDLGWKH\RXQJPDQ

1288

FROGO\,ZRXOGUHFRPPHQG\RXWRWUDYHO
7RWUDYHOVKHPXUPXUHG
&HUWDLQO\DV0'DQJODUVVD\V\RXDUHULFKDQGSHUIHFWO\
IUHH,QP\RSLQLRQDZLWKGUDZDOIURP3DULVLVDEVROXWHO\
QHFHVVDU\DIWHUWKHGRXEOHFDWDVWURSKHRI0DGHPRLVHOOH
'DQJODUV
EURNHQFRQWUDFWDQG0'DQJODUV
GLVDSSHDUDQFH
7KHZRUOGZLOOWKLQN\RXDEDQGRQHGDQGSRRUIRUWKHZLIHRI
DEDQNUXSWZRXOGQHYHUEHIRUJLYHQZHUHVKHWRNHHSXSDQ
DSSHDUDQFHRIRSXOHQFH<RXKDYHRQO\WRUHPDLQLQ3DULVIRU
DERXWDIRUWQLJKWWHOOLQJWKHZRUOG\RXDUHDEDQGRQHGDQG
UHODWLQJWKHGHWDLOVRIWKLVGHVHUWLRQWR\RXUEHVWIULHQGV
ZKRZLOOVRRQVSUHDGWKHUHSRUW7KHQ\RXFDQTXLW\RXU
KRXVHOHDYLQJ\RXUMHZHOVDQGJLYLQJXS\RXUMRLQWXUHDQG
HYHU\RQH
VPRXWKZLOOEHILOOHGZLWKSUDLVHVRI\RXU
GLVLQWHUHVWHGQHVV7KH\ZLOONQRZ\RXDUHGHVHUWHGDQG
WKLQN\RXDOVRSRRUIRU,DORQHNQRZ\RXUUHDOILQDQFLDO
SRVLWLRQDQGDPTXLWHUHDG\WRJLYHXSP\DFFRXQWVDVDQ
KRQHVWSDUWQHU7KHGUHDGZLWKZKLFKWKHSDOHDQG
PRWLRQOHVVEDURQHVVOLVWHQHGWRWKLVZDVHTXDOOHGE\WKH
FDOPLQGLIIHUHQFHZLWKZKLFK'HEUD\KDGVSRNHQ'HVHUWHG"
VKHUHSHDWHGDK\HV,DPLQGHHGGHVHUWHG<RXDUH
ULJKWVLUDQGQRRQHFDQGRXEWP\SRVLWLRQ7KHVHZHUH
WKHRQO\ZRUGVWKDWWKLVSURXGDQGYLROHQWO\HQDPRXUHGZRPDQ
FRXOGXWWHULQUHVSRQVHWR'HEUD\
%XWWKHQ\RXDUHULFKYHU\ULFKLQGHHGFRQWLQXHG
'HEUD\WDNLQJRXWVRPHSDSHUVIURPKLVSRFNHWERRNZKLFK
KHVSUHDGXSRQWKHWDEOH0DGDPH'DQJODUVGLGQRWVHHWKHP
VKHZDVHQJDJHGLQVWLOOLQJWKHEHDWLQJVRIKHUKHDUWDQG
UHVWUDLQLQJWKHWHDUVZKLFKZHUHUHDG\WRJXVKIRUWK$W
OHQJWKDVHQVHRIGLJQLW\SUHYDLOHGDQGLIVKHGLGQRW
HQWLUHO\PDVWHUKHUDJLWDWLRQVKHDWOHDVWVXFFHHGHGLQ
SUHYHQWLQJWKHIDOORIDVLQJOHWHDU0DGDPHVDLG'HEUD\
LWLVQHDUO\VL[PRQWKVVLQFHZHKDYHEHHQDVVRFLDWHG<RX
IXUQLVKHGDSULQFLSDORIIUDQFV2XUSDUWQHUVKLS
EHJDQLQWKHPRQWKRI$SULO,Q0D\ZHFRPPHQFHGRSHUDWLRQV
DQGLQWKHFRXUVHRIWKHPRQWKJDLQHGIUDQFV,Q
-XQHWKHSURILWDPRXQWHGWR,Q-XO\ZHDGGHG
IUDQFVLWZDV\RXNQRZWKHPRQWKRIWKH
6SDQLVKERQGV,Q$XJXVWZHORVWIUDQFVDWWKH
EHJLQQLQJRIWKHPRQWKEXWRQWKHWKZHPDGHXSIRULW
DQGZHQRZILQGWKDWRXUDFFRXQWVUHFNRQLQJIURPWKHILUVW

1289

GD\RISDUWQHUVKLSXSWR\HVWHUGD\ZKHQ,FORVHGWKHP
VKRZHGDFDSLWDORIIUDQFVWKDWLVIRU
HDFKRIXV1RZPDGDPHVDLG'HEUD\GHOLYHULQJXSKLV
DFFRXQWVLQWKHPHWKRGLFDOPDQQHURIDVWRFNEURNHUWKHUH
DUHVWLOOIUDQFVWKHLQWHUHVWRIWKLVPRQH\LQP\
KDQGV
%XWVDLGWKHEDURQHVV,WKRXJKW\RXQHYHUSXWWKHPRQH\
RXWWRLQWHUHVW
([FXVHPHPDGDPHVDLG'HEUD\FROGO\,KDG\RXU
SHUPLVVLRQWRGRVRDQG,KDYHPDGHXVHRILW7KHUHDUH
WKHQIUDQFVIRU\RXUVKDUHEHVLGHVWKH\RX
IXUQLVKHGPHWREHJLQZLWKPDNLQJLQDOOIUDQFV
IRU\RXUSRUWLRQ1RZPDGDPH,WRRNWKHSUHFDXWLRQRI
GUDZLQJRXW\RXUPRQH\WKHGD\EHIRUH\HVWHUGD\LWLVQRW
ORQJDJR\RXVHHDQG,ZDVLQFRQWLQXDOH[SHFWDWLRQRI
EHLQJFDOOHGRQWRGHOLYHUXSP\DFFRXQWV7KHUHLV\RXU
PRQH\KDOILQEDQNQRWHVWKHRWKHUKDOILQFKHFNV
SD\DEOHWREHDUHU,VD\WKHUHIRUDV,GLGQRWFRQVLGHUP\
KRXVHVDIHHQRXJKRUODZ\HUVVXIILFLHQWO\GLVFUHHWDQGDV
ODQGHGSURSHUW\FDUULHVHYLGHQFHZLWKLWDQGPRUHRYHUVLQFH
\RXKDYHQRULJKWWRSRVVHVVDQ\WKLQJLQGHSHQGHQWRI\RXU
KXVEDQG,KDYHNHSWWKLVVXPQRZ\RXUZKROHIRUWXQHLQD
FKHVWFRQFHDOHGXQGHUWKDWFORVHWDQGIRUJUHDWHUVHFXULW\
,P\VHOIFRQFHDOHGLWWKHUH
1RZPDGDPHFRQWLQXHG'HEUD\ILUVWRSHQLQJWKHFORVHW
WKHQWKHFKHVWQRZPDGDPHKHUHDUHQRWHVRI
IUDQFVHDFKUHVHPEOLQJDV\RXVHHDODUJHERRNERXQGLQ
LURQWRWKLV,DGGDFHUWLILFDWHLQWKHIXQGVRI
IUDQFVWKHQIRUWKHRGGFDVKPDNLQJ,WKLQNDERXW
IUDQFVKHUHLVDFKHFNXSRQP\EDQNHUZKRQRWEHLQJ0
'DQJODUVZLOOSD\\RXWKHDPRXQW\RXPD\UHVWDVVXUHG
0DGDPH'DQJODUVPHFKDQLFDOO\WRRNWKHFKHFNWKHERQGDQG
WKHKHDSRIEDQNQRWHV7KLVHQRUPRXVIRUWXQHPDGHQRJUHDW
DSSHDUDQFHRQWKHWDEOH0DGDPH'DQJODUVZLWKWHDUOHVV
H\HVEXWZLWKKHUEUHDVWKHDYLQJZLWKFRQFHDOHGHPRWLRQ
SODFHGWKHEDQNQRWHVLQKHUEDJSXWWKHFHUWLILFDWHDQG
FKHFNLQWRKHUSRFNHWERRNDQGWKHQVWDQGLQJSDOHDQG
PXWHDZDLWHGRQHNLQGZRUGRIFRQVRODWLRQ%XWVKHZDLWHG
LQYDLQ
1RZPDGDPHVDLG'HEUD\\RXKDYHDVSOHQGLGIRUWXQHDQ

1290

LQFRPHRIDERXWOLYUHVD\HDUZKLFKLVHQRUPRXVIRU
DZRPDQZKRFDQQRWNHHSDQHVWDEOLVKPHQWKHUHIRUD\HDUDW
OHDVW<RXZLOOEHDEOHWRLQGXOJHDOO\RXUIDQFLHV
EHVLGHVVKRXOG\RXILQG\RXULQFRPHLQVXIILFLHQW\RXFDQ
IRUWKHVDNHRIWKHSDVWPDGDPHPDNHXVHRIPLQHDQG,DP
UHDG\WRRIIHU\RXDOO,SRVVHVVRQORDQ
7KDQN\RXVLUWKDQN\RXUHSOLHGWKHEDURQHVV\RX
IRUJHWWKDWZKDW\RXKDYHMXVWSDLGPHLVPXFKPRUHWKDQD
SRRUZRPDQUHTXLUHVZKRLQWHQGVIRUVRPHWLPHDWOHDVWWR
UHWLUHIURPWKHZRUOG
'HEUD\ZDVIRUDPRPHQWVXUSULVHGEXWLPPHGLDWHO\
UHFRYHULQJKLPVHOIKHERZHGZLWKDQDLUZKLFKVHHPHGWR
VD\$V\RXSOHDVHPDGDPH
0DGDPH'DQJODUVKDGXQWLOWKHQSHUKDSVKRSHGIRU
VRPHWKLQJEXWZKHQVKHVDZWKHFDUHOHVVERZRI'HEUD\DQG
WKHJODQFHE\ZKLFKLWZDVDFFRPSDQLHGWRJHWKHUZLWKKLV
VLJQLILFDQWVLOHQFHVKHUDLVHGKHUKHDGDQGZLWKRXW
SDVVLRQRUYLROHQFHRUHYHQKHVLWDWLRQUDQGRZQVWDLUV
GLVGDLQLQJWRDGGUHVVDODVWIDUHZHOOWRRQHZKRFRXOGWKXV
SDUWIURPKHU%DKVDLG'HEUD\ZKHQVKHKDGOHIWWKHVH
DUHILQHSURMHFWV6KHZLOOUHPDLQDWKRPHUHDGQRYHOVDQG
VSHFXODWHDWFDUGVVLQFHVKHFDQQRORQJHUGRVRRQWKH
%RXUVH7KHQWDNLQJXSKLVDFFRXQWERRNKHFDQFHOOHGZLWK
WKHJUHDWHVWFDUHDOOWKHHQWULHVRIWKHDPRXQWVKHKDGMXVW
SDLGDZD\,KDYHIUDQFVUHPDLQLQJKHVDLG
:KDWDSLW\0DGHPRLVHOOHGH9LOOHIRUWLVGHDG6KHVXLWHG
PHLQHYHU\UHVSHFWDQG,ZRXOGKDYHPDUULHGKHU$QGKH
FDOPO\ZDLWHGXQWLOWKHWZHQW\PLQXWHVKDGHODSVHGDIWHU
0DGDPH'DQJODUV
GHSDUWXUHEHIRUHKHOHIWWKHKRXVH'XULQJ
WKLVWLPHKHRFFXSLHGKLPVHOILQPDNLQJILJXUHVZLWKKLV
ZDWFKE\KLVVLGH
$VPRGHXVWKDWGLDEROLFDOSHUVRQDJHZKRZRXOGKDYHEHHQ
FUHDWHGE\HYHU\IHUWLOHLPDJLQDWLRQLI/H6DJHKDGQRW
DFTXLUHGWKHSULRULW\LQKLVJUHDWPDVWHUSLHFHZRXOGKDYH
HQMR\HGDVLQJXODUVSHFWDFOHLIKHKDGOLIWHGXSWKHURRI
RIWKHOLWWOHKRXVHLQWKH5XH6DLQW*HUPDLQGHV3UHVZKLOH
'HEUD\ZDVFDVWLQJXSKLVILJXUHV$ERYHWKHURRPLQZKLFK
'HEUD\KDGEHHQGLYLGLQJWZRPLOOLRQVDQGDKDOIZLWK0DGDPH
'DQJODUVZDVDQRWKHULQKDELWHGE\SHUVRQVZKRKDYHSOD\HG
WRRSURPLQHQWDSDUWLQWKHLQFLGHQWVZHKDYHUHODWHGIRU

1291

WKHLUDSSHDUDQFHQRWWRFUHDWHVRPHLQWHUHVW0HUFHGHVDQG
$OEHUWZHUHLQWKDWURRP0HUFHGHVZDVPXFKFKDQJHGZLWKLQ
WKHODVWIHZGD\VQRWWKDWHYHQLQKHUGD\VRIIRUWXQHVKH
KDGHYHUGUHVVHGZLWKWKHPDJQLILFHQWGLVSOD\ZKLFKPDNHVXV
QRORQJHUDEOHWRUHFRJQL]HDZRPDQZKHQVKHDSSHDUVLQD
SODLQDQGVLPSOHDWWLUHQRULQGHHGKDGVKHIDOOHQLQWR
WKDWVWDWHRIGHSUHVVLRQZKHUHLWLVLPSRVVLEOHWRFRQFHDO
WKHJDUERIPLVHU\QRWKHFKDQJHLQ0HUFHGHVZDVWKDWKHU
H\HQRORQJHUVSDUNOHGKHUOLSVQRORQJHUVPLOHGDQGWKHUH
ZDVQRZDKHVLWDWLRQLQXWWHULQJWKHZRUGVZKLFKIRUPHUO\
VSUDQJVRIOXHQWO\IURPKHUUHDG\ZLW
,WZDVQRWSRYHUW\ZKLFKKDGEURNHQKHUVSLULWLWZDVQRWD
ZDQWRIFRXUDJHZKLFKUHQGHUHGKHUSRYHUW\EXUGHQVRPH
0HUFHGHVDOWKRXJKGHSRVHGIURPWKHH[DOWHGSRVLWLRQVKHKDG
RFFXSLHGORVWLQWKHVSKHUHVKHKDGQRZFKRVHQOLNHD
SHUVRQSDVVLQJIURPDURRPVSOHQGLGO\OLJKWHGLQWRXWWHU
GDUNQHVVDSSHDUHGOLNHDTXHHQIDOOHQIURPKHUSDODFHWRD
KRYHODQGZKRUHGXFHGWRVWULFWQHFHVVLW\FRXOGQHLWKHU
EHFRPHUHFRQFLOHGWRWKHHDUWKHQYHVVHOVVKHZDVKHUVHOI
IRUFHGWRSODFHXSRQWKHWDEOHQRUWRWKHKXPEOHSDOOHW
ZKLFKKDGEHFRPHKHUEHG7KHEHDXWLIXO&DWDODQHDQGQREOH
FRXQWHVVKDGORVWERWKKHUSURXGJODQFHDQGFKDUPLQJVPLOH
EHFDXVHVKHVDZQRWKLQJEXWPLVHU\DURXQGKHUWKHZDOOV
ZHUHKXQJZLWKRQHRIWKHJUD\SDSHUVZKLFKHFRQRPLFDO
ODQGORUGVFKRRVHDVQRWOLNHO\WRVKRZWKHGLUWWKHIORRU
ZDVXQFDUSHWHGWKHIXUQLWXUHDWWUDFWHGWKHDWWHQWLRQWRWKH
SRRUDWWHPSWDWOX[XU\LQGHHGHYHU\WKLQJRIIHQGHGH\HV
DFFXVWRPHGWRUHILQHPHQWDQGHOHJDQFH
0DGDPHGH0RUFHUIKDGOLYHGWKHUHVLQFHOHDYLQJKHUKRXVH
WKHFRQWLQXDOVLOHQFHRIWKHVSRWRSSUHVVHGKHUVWLOO
VHHLQJWKDW$OEHUWFRQWLQXDOO\ZDWFKHGKHUFRXQWHQDQFHWR
MXGJHWKHVWDWHRIKHUIHHOLQJVVKHFRQVWUDLQHGKHUVHOIWR
DVVXPHDPRQRWRQRXVVPLOHRIWKHOLSVDORQHZKLFK
FRQWUDVWHGZLWKWKHVZHHWDQGEHDPLQJH[SUHVVLRQWKDW
XVXDOO\VKRQHIURPKHUH\HVVHHPHGOLNHPRRQOLJKWRQD
VWDWXH\LHOGLQJOLJKWZLWKRXWZDUPWK$OEHUWWRRZDV
LOODWHDVHWKHUHPDLQVRIOX[XU\SUHYHQWHGKLPIURP
VLQNLQJLQWRKLVDFWXDOSRVLWLRQ,IKHZLVKHGWRJRRXW
ZLWKRXWJORYHVKLVKDQGVDSSHDUHGWRRZKLWHLIKHZLVKHG
WRZDONWKURXJKWKHWRZQKLVERRWVVHHPHGWRRKLJKO\
SROLVKHG<HWWKHVHWZRQREOHDQGLQWHOOLJHQWFUHDWXUHV
XQLWHGE\WKHLQGLVVROXEOHWLHVRIPDWHUQDODQGILOLDOORYH

1292

KDGVXFFHHGHGLQWDFLWO\XQGHUVWDQGLQJRQHDQRWKHUDQG
HFRQRPL]LQJWKHLUVWRUHVDQG$OEHUWKDGEHHQDEOHWRWHOO
KLVPRWKHUZLWKRXWH[WRUWLQJDFKDQJHRIFRXQWHQDQFH
0RWKHUZHKDYHQRPRUHPRQH\
0HUFHGHVKDGQHYHUNQRZQPLVHU\VKHKDGRIWHQLQKHU
\RXWKVSRNHQRISRYHUW\EXWEHWZHHQZDQWDQGQHFHVVLW\
WKRVHV\QRQ\PRXVZRUGVWKHUHLVDZLGHGLIIHUHQFH$PRQJVW
WKH&DWDODQV0HUFHGHVZLVKHGIRUDWKRXVDQGWKLQJVEXW
VWLOOVKHQHYHUUHDOO\ZDQWHGDQ\6RORQJDVWKHQHWVZHUH
JRRGWKH\FDXJKWILVKDQGVRORQJDVWKH\VROGWKHLUILVK
WKH\ZHUHDEOHWREX\WZLQHIRUQHZQHWV$QGWKHQVKXWRXW
IURPIULHQGVKLSKDYLQJEXWRQHDIIHFWLRQZKLFKFRXOGQRW
EHPL[HGXSZLWKKHURUGLQDU\SXUVXLWVVKHWKRXJKWRI
KHUVHOIRIQRRQHEXWKHUVHOI8SRQWKHOLWWOHVKHHDUQHG
VKHOLYHGDVZHOODVVKHFRXOGQRZWKHUHZHUHWZRWREH
VXSSRUWHGDQGQRWKLQJWROLYHXSRQ
:LQWHUDSSURDFKHG0HUFHGHVKDGQRILUHLQWKDWFROGDQG
QDNHGURRPVKHZKRZDVDFFXVWRPHGWRVWRYHVZKLFKKHDWHG
WKHKRXVHIURPWKHKDOOWRWKHERXGRLUVKHKDGQRWHYHQRQH
OLWWOHIORZHUVKHZKRVHDSDUWPHQWKDGEHHQDFRQVHUYDWRU\
RIFRVWO\H[RWLFV%XWVKHKDGKHUVRQ+LWKHUWRWKH
H[FLWHPHQWRIIXOILOOLQJDGXW\KDGVXVWDLQHGWKHP
([FLWHPHQWOLNHHQWKXVLDVPVRPHWLPHVUHQGHUVXV
XQFRQVFLRXVWRWKHWKLQJVRIHDUWK%XWWKHH[FLWHPHQWKDG
FDOPHGGRZQDQGWKH\IHOWWKHPVHOYHVREOLJHGWRGHVFHQG
IURPGUHDPVWRUHDOLW\DIWHUKDYLQJH[KDXVWHGWKHLGHDO
WKH\IRXQGWKH\PXVWWDONRIWKHDFWXDO
0RWKHUH[FODLPHG$OEHUWMXVWDV0DGDPH'DQJODUVZDV
GHVFHQGLQJWKHVWDLUVOHWXVUHFNRQRXUULFKHVLI\RX
SOHDVH,ZDQWFDSLWDOWREXLOGP\SODQVXSRQ
&DSLWDOQRWKLQJUHSOLHG0HUFHGHVZLWKDPRXUQIXO
VPLOH
1RPRWKHUFDSLWDOIUDQFV$QG,KDYHDQLGHDRI
RXUOHDGLQJDGHOLJKWIXOOLIHXSRQWKLVIUDQFV
&KLOGVLJKHG0HUFHGHV
$ODVGHDUPRWKHUVDLGWKH\RXQJPDQ,KDYHXQKDSSLO\
VSHQWWRRPXFKRI\RXUPRQH\QRWWRNQRZWKHYDOXHRILW

1293

7KHVHIUDQFVDUHHQRUPRXVDQG,LQWHQGEXLOGLQJXSRQ
WKLVIRXQGDWLRQDPLUDFXORXVFHUWDLQW\IRUWKHIXWXUH
<RXVD\WKLVP\GHDUER\EXWGR\RXWKLQNZHRXJKWWR
DFFHSWWKHVHIUDQFV"VDLG0HUFHGHVFRORULQJ
,WKLQNVRDQVZHUHG$OEHUWLQDILUPWRQH:HZLOO
DFFHSWWKHPWKHPRUHUHDGLO\VLQFHZHKDYHWKHPQRWKHUH
\RXNQRZWKH\DUHEXULHGLQWKHJDUGHQRIWKHOLWWOHKRXVH
LQWKH$OOHHVGH0HLOODQDW0DUVHLOOHV:LWKIUDQFVZH
FDQUHDFK0DUVHLOOHV
:LWKIUDQFV"DUH\RXVXUH$OEHUW"
2KDVIRUWKDW,KDYHPDGHLQTXLULHVUHVSHFWLQJWKH
GLOLJHQFHVDQGVWHDPERDWVDQGP\FDOFXODWLRQVDUHPDGH<RX
ZLOOWDNH\RXUSODFHLQWKHFRXSHWR&KDORQV<RXVHH
PRWKHU,WUHDW\RXKDQGVRPHO\IRUWKLUW\ILYHIUDQFV
$OEHUWWKHQWRRNDSHQDQGZURWH
)UV
&RXSHWKLUW\ILYHIUDQFV
)URP&KDORQVWR/\RQV\RXZLOOJRRQE\WKHVWHDPERDW
VL[IUDQFV
)URP/\RQVWR$YLJQRQ VWLOOE\VWHDPERDW 
VL[WHHQIUDQFV
)URP$YLJQRQWR0DUVHLOOHVVHYHQIUDQF
([SHQVHVRQWKHURDGDERXWILIW\IUDQFV
7RWDOIUV
/HWXVSXWGRZQDGGHG$OEHUWVPLOLQJ<RXVHH,DP
JHQHURXVDP,QRWPRWKHU"
%XW\RXP\SRRUFKLOG"
,"GR\RXQRWVHHWKDW,UHVHUYHHLJKW\IUDQFVIRUP\VHOI"
$\RXQJPDQGRHVQRWUHTXLUHOX[XULHVEHVLGHV,NQRZZKDW
WUDYHOOLQJLV
:LWKDSRVWFKDLVHDQGYDOHWGHFKDPEUH"
$Q\ZD\PRWKHU
:HOOEHLWVR%XWWKHVHIUDQFV"

1294

+HUHWKH\DUHDQGPRUHEHVLGHV6HH,KDYHVROGP\
ZDWFKIRUIUDQFVDQGWKHJXDUGDQGVHDOVIRU+RZ
IRUWXQDWHWKDWWKHRUQDPHQWVZHUHZRUWKPRUHWKDQWKHZDWFK
6WLOOWKHVDPHVWRU\RIVXSHUIOXLWLHV1RZ,WKLQNZHDUH
ULFKVLQFHLQVWHDGRIWKHIUDQFVZHUHTXLUHIRUWKH
MRXUQH\ZHILQGRXUVHOYHVLQSRVVHVVLRQRI
%XWZHRZHVRPHWKLQJLQWKLVKRXVH"
7KLUW\IUDQFVEXW,SD\WKDWRXWRIP\IUDQFVWKDW
LVXQGHUVWRRGDQGDV,UHTXLUHRQO\HLJKW\IUDQFVIRUP\
MRXUQH\\RXVHH,DPRYHUZKHOPHGZLWKOX[XU\%XWWKDWLV
QRWDOO:KDWGR\RXVD\WRWKLVPRWKHU"
$QG$OEHUWWRRNRXWRIDOLWWOHSRFNHWERRNZLWKJROGHQ
FODVSVDUHPQDQWRIKLVROGIDQFLHVRUSHUKDSVDWHQGHU
VRXYHQLUIURPRQHRIWKHP\VWHULRXVDQGYHLOHGODGLHVZKR
XVHGWRNQRFNDWKLVOLWWOHGRRU$OEHUWWRRNRXWRIWKLV
SRFNHWERRNDQRWHRIIUDQFV
:KDWLVWKLV"DVNHG0HUFHGHV
$WKRXVDQGIUDQFV
%XWZKHQFHKDYH\RXREWDLQHGWKHP"
/LVWHQWRPHPRWKHUDQGGRQRW\LHOGWRRPXFKWR
DJLWDWLRQ$QG$OEHUWULVLQJNLVVHGKLVPRWKHURQERWK
FKHHNVWKHQVWRRGORRNLQJDWKHU<RXFDQQRWLPDJLQH
PRWKHUKRZEHDXWLIXO,WKLQN\RXVDLGWKH\RXQJPDQ
LPSUHVVHGZLWKDSURIRXQGIHHOLQJRIILOLDOORYH<RXDUH
LQGHHGWKHPRVWEHDXWLIXODQGPRVWQREOHZRPDQ,HYHUVDZ
'HDUFKLOGVDLG0HUFHGHVHQGHDYRULQJLQYDLQWRUHVWUDLQ
DWHDUZKLFKJOLVWHQHGLQWKHFRUQHURIKHUH\H,QGHHG
\RXRQO\ZDQWHGPLVIRUWXQHWRFKDQJHP\ORYHIRU\RXWR
DGPLUDWLRQ,DPQRWXQKDSS\ZKLOH,SRVVHVVP\VRQ
$KMXVWVRVDLG$OEHUWKHUHEHJLQVWKHWULDO'R\RX
NQRZWKHGHFLVLRQZHKDYHFRPHWRPRWKHU"
+DYHZHFRPHWRDQ\"

1295

<HVLWLVGHFLGHGWKDW\RXDUHWROLYHDW0DUVHLOOHVDQG
WKDW,DPWROHDYHIRU$IULFDZKHUH,ZLOOHDUQIRUP\VHOI
WKHULJKWWRXVHWKHQDPH,QRZEHDULQVWHDGRIWKHRQH,
KDYHWKURZQDVLGH0HUFHGHVVLJKHG:HOOPRWKHU,
\HVWHUGD\HQJDJHGP\VHOIDVVXEVWLWXWHLQWKH6SDKLV
DGGHGWKH\RXQJPDQORZHULQJKLVH\HVZLWKDFHUWDLQ
IHHOLQJRIVKDPHIRUHYHQKHZDVXQFRQVFLRXVRIWKH
VXEOLPLW\RIKLVVHOIDEDVHPHQW,WKRXJKWP\ERG\ZDVP\
RZQDQGWKDW,PLJKWVHOOLW,\HVWHUGD\WRRNWKHSODFHRI
DQRWKHU,VROGP\VHOIIRUPRUHWKDQ,WKRXJKW,ZDVZRUWK
KHDGGHGDWWHPSWLQJWRVPLOH,IHWFKHGIUDQFV
7KH6SDKLVDUH)UHQFKFDYDOU\UHVHUYHGIRUVHUYLFHLQ
$IULFD
7KHQWKHVHIUDQFVVDLG0HUFHGHVVKXGGHULQJ
$UHWKHKDOIRIWKHVXPPRWKHUWKHRWKHUZLOOEHSDLGLQ
D\HDU
0HUFHGHVUDLVHGKHUH\HVWRKHDYHQZLWKDQH[SUHVVLRQLW
ZRXOGEHLPSRVVLEOHWRGHVFULEHDQGWHDUVZKLFKKDG
KLWKHUWREHHQUHVWUDLQHGQRZ\LHOGHGWRKHUHPRWLRQDQG
UDQGRZQKHUFKHHNV
7KHSULFHRIKLVEORRGVKHPXUPXUHG
<HVLI,DPNLOOHGVDLG$OEHUWODXJKLQJ%XW,DVVXUH
\RXPRWKHU,KDYHDVWURQJLQWHQWLRQRIGHIHQGLQJP\
SHUVRQDQG,QHYHUIHOWKDOIVRVWURQJDQLQFOLQDWLRQWR
OLYHDV,GRQRZ
0HUFLIXOKHDYHQV
%HVLGHVPRWKHUZK\VKRXOG\RXPDNHXS\RXUPLQGWKDW,DP
WREHNLOOHG"+DV/DPRULFLHUHWKDW1H\RIWKH6RXWKEHHQ
NLOOHG"+DV&KDQJDUQLHUEHHQNLOOHG"+DV%HGHDXEHHQNLOOHG"
+DV0RUUHOZKRPZHNQRZEHHQNLOOHG"7KLQNRI\RXUMR\
PRWKHUZKHQ\RXVHHPHUHWXUQZLWKDQHPEURLGHUHGXQLIRUP
,GHFODUH,H[SHFWWRORRNPDJQLILFHQWLQLWDQGFKRVH
WKDWUHJLPHQWRQO\IURPYDQLW\0HUFHGHVVLJKHGZKLOH
HQGHDYRULQJWRVPLOHWKHGHYRWHGPRWKHUIHOWWKDWVKHRXJKW
QRWWRDOORZWKHZKROHZHLJKWRIWKHVDFULILFHWRIDOOXSRQ
KHUVRQ:HOOQRZ\RXXQGHUVWDQGPRWKHUFRQWLQXHG

1296

$OEHUWKHUHDUHPRUHWKDQIUDQFVVHWWOHGRQ\RX
XSRQWKHVH\RXFDQOLYHDWOHDVWWZR\HDUV
'R\RXWKLQNVR"VDLG0HUFHGHV7KHVHZRUGVZHUHXWWHUHG
LQVRPRXUQIXODWRQHWKDWWKHLUUHDOPHDQLQJGLGQRWHVFDSH
$OEHUWKHIHOWKLVKHDUWEHDWDQGWDNLQJKLVPRWKHU
VKDQG
ZLWKLQKLVRZQKHVDLGWHQGHUO\
<HV\RXZLOOOLYH
,VKDOOOLYHWKHQ\RXZLOOQRWOHDYHPH$OEHUW"
0RWKHU,PXVWJRVDLG$OEHUWLQDILUPFDOPYRLFH\RX
ORYHPHWRRZHOOWRZLVKPHWRUHPDLQXVHOHVVDQGLGOHZLWK
\RXEHVLGHV,KDYHVLJQHG
<RXZLOOREH\\RXURZQZLVKDQGWKHZLOORIKHDYHQ
1RWP\RZQZLVKPRWKHUEXWUHDVRQQHFHVVLW\$UHZH
QRWWZRGHVSDLULQJFUHDWXUHV":KDWLVOLIHWR\RX"
1RWKLQJ:KDWLVOLIHWRPH"9HU\OLWWOHZLWKRXW\RX
PRWKHUIRUEHOLHYHPHEXWIRU\RX,VKRXOGKDYHFHDVHGWR
OLYHRQWKHGD\,GRXEWHGP\IDWKHUDQGUHQRXQFHGKLVQDPH
:HOO,ZLOOOLYHLI\RXSURPLVHPHVWLOOWRKRSHDQGLI
\RXJUDQWPHWKHFDUHRI\RXUIXWXUHSURVSHFWV\RXZLOO
UHGRXEOHP\VWUHQJWK7KHQ,ZLOOJRWRWKHJRYHUQRURI
$OJHULDKHKDVDUR\DOKHDUWDQGLVHVVHQWLDOO\DVROGLHU
,ZLOOWHOOKLPP\JORRP\VWRU\,ZLOOEHJKLPWRWXUQKLV
H\HVQRZDQGWKHQWRZDUGVPHDQGLIKHNHHSKLVZRUGDQG
LQWHUHVWKLPVHOIIRUPHLQVL[PRQWKV,VKDOOEHDQ
RIILFHURUGHDG,I,DPDQRIILFHU\RXUIRUWXQHLV
FHUWDLQIRU,VKDOOKDYHPRQH\HQRXJKIRUERWKDQG
PRUHRYHUDQDPHZHVKDOOERWKEHSURXGRIVLQFHLWZLOOEH
RXURZQ,I,DPNLOOHGZHOOWKHQPRWKHU\RXFDQDOVR
GLHDQGWKHUHZLOOEHDQHQGRIRXUPLVIRUWXQHV
,WLVZHOOUHSOLHG0HUFHGHVZLWKKHUHORTXHQWJODQFH
\RXDUHULJKWP\ORYHOHWXVSURYHWRWKRVHZKRDUH
ZDWFKLQJRXUDFWLRQVWKDWZHDUHZRUWK\RIFRPSDVVLRQ
%XWOHWXVQRW\LHOGWRJORRP\DSSUHKHQVLRQVVDLGWKH
\RXQJPDQ,DVVXUH\RXZHDUHRUUDWKHUZHVKDOOEHYHU\
KDSS\<RXDUHDZRPDQDWRQFHIXOORIVSLULWDQG
UHVLJQDWLRQ,KDYHEHFRPHVLPSOHLQP\WDVWHVDQGDP

1297

ZLWKRXWSDVVLRQ,KRSH2QFHLQVHUYLFH,VKDOOEHULFK
RQFHLQ0'DQWHV
KRXVH\RXZLOOEHDWUHVW/HWXV
VWULYH,EHVHHFK\RXOHWXVVWULYHWREHFKHHUIXO
<HVOHWXVVWULYHIRU\RXRXJKWWROLYHDQGWREHKDSS\
$OEHUW
$QGVRRXUGLYLVLRQLVPDGHPRWKHUVDLGWKH\RXQJPDQ
DIIHFWLQJHDVHRIPLQG:HFDQQRZSDUWFRPH,VKDOO
HQJDJH\RXUSDVVDJH
$QG\RXP\GHDUER\"
,VKDOOVWD\KHUHIRUDIHZGD\VORQJHUZHPXVWDFFXVWRP
RXUVHOYHVWRSDUWLQJ,ZDQWUHFRPPHQGDWLRQVDQGVRPH
LQIRUPDWLRQUHODWLYHWR$IULFD,ZLOOMRLQ\RXDJDLQDW
0DUVHLOOHV
:HOOEHLWVROHWXVSDUWVDLG0HUFHGHVIROGLQJ
DURXQGKHUVKRXOGHUVWKHRQO\VKDZOVKHKDGWDNHQDZD\DQG
ZKLFKDFFLGHQWDOO\KDSSHQHGWREHDYDOXDEOHEODFNFDVKPHUH
$OEHUWJDWKHUHGXSKLVSDSHUVKDVWLO\UDQJWKHEHOOWRSD\
WKHWKLUW\IUDQFVKHRZHGWRWKHODQGORUGDQGRIIHULQJKLV
DUPWRKLVPRWKHUWKH\GHVFHQGHGWKHVWDLUV6RPHRQHZDV
ZDONLQJGRZQEHIRUHWKHPDQGWKLVSHUVRQKHDULQJWKH
UXVWOLQJRIDVLONGUHVVWXUQHGDURXQG'HEUD\PXWWHUHG
$OEHUW
<RX0RUFHUI"UHSOLHGWKHVHFUHWDU\UHVWLQJRQWKH
VWDLUV&XULRVLW\KDGYDQTXLVKHGWKHGHVLUHRISUHVHUYLQJ
KLVLQFRJQLWRDQGKHZDVUHFRJQL]HG,WZDVLQGHHG
VWUDQJHLQWKLVXQNQRZQVSRWWRILQGWKH\RXQJPDQZKRVH
PLVIRUWXQHVKDGPDGHVRPXFKQRLVHLQ3DULV
0RUFHUIUHSHDWHG'HEUD\7KHQQRWLFLQJLQWKHGLPOLJKW
WKHVWLOO\RXWKIXODQGYHLOHGILJXUHRI0DGDPHGH0RUFHUI
3DUGRQPHKHDGGHGZLWKDVPLOH,OHDYH\RX
$OEHUW$OEHUWXQGHUVWRRGKLVWKRXJKWV0RWKHUKHVDLG
WXUQLQJWRZDUGV0HUFHGHVWKLVLV0'HEUD\VHFUHWDU\RI
WKHPLQLVWHUIRUWKHLQWHULRURQFHDIULHQGRIPLQH
+RZRQFH"VWDPPHUHG'HEUD\ZKDWGR\RXPHDQ"
,VD\VR0'HEUD\EHFDXVH,KDYHQRIULHQGVQRZDQG,

1298

RXJKWQRWWRKDYHDQ\,WKDQN\RXIRUKDYLQJUHFRJQL]HGPH
VLU'HEUD\VWHSSHGIRUZDUGDQGFRUGLDOO\SUHVVHGWKHKDQG
RIKLVLQWHUORFXWRU%HOLHYHPHGHDU$OEHUWKHVDLG
ZLWKDOOWKHHPRWLRQKHZDVFDSDEOHRIIHHOLQJEHOLHYH
PH,IHHOGHHSO\IRU\RXUPLVIRUWXQHVDQGLILQDQ\ZD\,
FDQVHUYH\RX,DP\RXUV
7KDQN\RXVLUVDLG$OEHUWVPLOLQJ,QWKHPLGVWRIRXU
PLVIRUWXQHVZHDUHVWLOOULFKHQRXJKQRWWRUHTXLUH
DVVLVWDQFHIURPDQ\RQH:HDUHOHDYLQJ3DULVDQGZKHQRXU
MRXUQH\LVSDLGZHVKDOOKDYHIUDQFVOHIW7KHEORRG
PRXQWHGWRWKHWHPSOHVRI'HEUD\ZKRKHOGDPLOOLRQLQKLV
SRFNHWERRNDQGXQLPDJLQDWLYHDVKHZDVKHFRXOGQRWKHOS
UHIOHFWLQJWKDWWKHVDPHKRXVHKDGFRQWDLQHGWZRZRPHQRQH
RIZKRPMXVWO\GLVKRQRUHGKDGOHIWLWSRRUZLWK
IUDQFVXQGHUKHUFORDNZKLOHWKHRWKHUXQMXVWO\VWULFNHQ
EXWVXEOLPHLQKHUPLVIRUWXQHZDV\HWULFKZLWKDIHZ
GHQLHUV7KLVSDUDOOHOGLVWXUEHGKLVXVXDOSROLWHQHVVWKH
SKLORVRSK\KHZLWQHVVHGDSSDOOHGKLPKHPXWWHUHGDIHZ
ZRUGVRIJHQHUDOFLYLOLW\DQGUDQGRZQVWDLUV
7KDWGD\WKHPLQLVWHU
VFOHUNVDQGWKHVXERUGLQDWHVKDGD
JUHDWGHDOWRSXWXSZLWKIURPKLVLOOKXPRU%XWWKDWVDPH
QLJKWKHIRXQGKLPVHOIWKHSRVVHVVRURIDILQHKRXVH
VLWXDWHGRQWKH%RXOHYDUGGHOD0DGHOHLQHDQGDQLQFRPHRI
OLYUHV7KHQH[WGD\MXVWDV'HEUD\ZDVVLJQLQJWKH
GHHGWKDWLVDERXWILYHR
FORFNLQWKHDIWHUQRRQ0DGDPHGH
0RUFHUIDIWHUKDYLQJDIIHFWLRQDWHO\HPEUDFHGKHUVRQ
HQWHUHGWKHFRXSHRIWKHGLOLJHQFHZKLFKFORVHGXSRQKHU$
PDQZDVKLGGHQLQ/DILWWH
VEDQNLQJKRXVHEHKLQGRQHRIWKH
OLWWOHDUFKHGZLQGRZVZKLFKDUHSODFHGDERYHHDFKGHVNKH
VDZ0HUFHGHVHQWHUWKHGLOLJHQFHDQGKHDOVRVDZ$OEHUW
ZLWKGUDZ7KHQKHSDVVHGKLVKDQGDFURVVKLVIRUHKHDGZKLFK
ZDVFORXGHGZLWKGRXEW$ODVKHH[FODLPHGKRZFDQ,
UHVWRUHWKHKDSSLQHVV,KDYHWDNHQDZD\IURPWKHVHSRRU
LQQRFHQWFUHDWXUHV"*RGKHOSPH

&KDSWHU
7KH/LRQV
'HQ
2QHGLYLVLRQRI/D)RUFHLQZKLFKWKHPRVWGDQJHURXVDQG
GHVSHUDWHSULVRQHUVDUHFRQILQHGLVFDOOHGWKHFRXUWRI

1299

6DLQW%HUQDUG7KHSULVRQHUVLQWKHLUH[SUHVVLYHODQJXDJH
KDYHQDPHGLWWKH/LRQV
'HQSUREDEO\EHFDXVHWKH
FDSWLYHVSRVVHVVWHHWKZKLFKIUHTXHQWO\JQDZWKHEDUVDQG
VRPHWLPHVWKHNHHSHUVDOVR,WLVDSULVRQZLWKLQDSULVRQ
WKHZDOOVDUHGRXEOHWKHWKLFNQHVVRIWKHUHVW7KHJUDWLQJV
DUHHYHU\GD\FDUHIXOO\H[DPLQHGE\MDLOHUVZKRVHKHUFXOHDQ
SURSRUWLRQVDQGFROGSLWLOHVVH[SUHVVLRQSURYHWKHPWRKDYH
EHHQFKRVHQWRUHLJQRYHUWKHLUVXEMHFWVIRUWKHLUVXSHULRU
DFWLYLW\DQGLQWHOOLJHQFH7KHFRXUW\DUGRIWKLVTXDUWHULV
HQFORVHGE\HQRUPRXVZDOOVRYHUZKLFKWKHVXQJODQFHV
REOLTXHO\ZKHQLWGHLJQVWRSHQHWUDWHLQWRWKLVJXOIRI
PRUDODQGSK\VLFDOGHIRUPLW\2QWKLVSDYHG\DUGDUHWREH
VHHQSDFLQJWRDQGIURIURPPRUQLQJWLOOQLJKWSDOH
FDUHZRUQDQGKDJJDUGOLNHVRPDQ\VKDGRZVWKHPHQZKRP
MXVWLFHKROGVEHQHDWKWKHVWHHOVKHLVVKDUSHQLQJ7KHUH
FURXFKHGDJDLQVWWKHVLGHRIWKHZDOOZKLFKDWWUDFWVDQG
UHWDLQVWKHPRVWKHDWWKH\PD\EHVHHQVRPHWLPHVWDONLQJWR
RQHDQRWKHUEXWPRUHIUHTXHQWO\DORQHZDWFKLQJWKHGRRU
ZKLFKVRPHWLPHVRSHQVWRFDOOIRUWKRQHIURPWKHJORRP\
DVVHPEODJHRUWRWKURZLQDQRWKHURXWFDVWIURPVRFLHW\
7KHFRXUWRI6DLQW%HUQDUGKDVLWVRZQSDUWLFXODUDSDUWPHQW
IRUWKHUHFHSWLRQRIJXHVWVLWLVDORQJUHFWDQJOHGLYLGHG
E\WZRXSULJKWJUDWLQJVSODFHGDWDGLVWDQFHRIWKUHHIHHW
IURPRQHDQRWKHUWRSUHYHQWDYLVLWRUIURPVKDNLQJKDQGV
ZLWKRUSDVVLQJDQ\WKLQJWRWKHSULVRQHUV,WLVDZUHWFKHG
GDPSQD\HYHQKRUULEOHVSRWPRUHHVSHFLDOO\ZKHQZH
FRQVLGHUWKHDJRQL]LQJFRQIHUHQFHVZKLFKKDYHWDNHQSODFH
EHWZHHQWKRVHLURQEDUV$QG\HWIULJKWIXOWKRXJKWKLVVSRW
PD\EHLWLVORRNHGXSRQDVDNLQGRISDUDGLVHE\WKHPHQ
ZKRVHGD\VDUHQXPEHUHGLWLVVRUDUHIRUWKHPWROHDYHWKH
/LRQV
'HQIRUDQ\RWKHUSODFHWKDQWKHEDUULHU
6DLQW-DFTXHVRUWKHJDOOH\V
,QWKHFRXUWZKLFKZHKDYHDWWHPSWHGWRGHVFULEHDQGIURP
ZKLFKDGDPSYDSRUZDVULVLQJD\RXQJPDQZLWKKLVKDQGVLQ
KLVSRFNHWVZKRKDGH[FLWHGPXFKFXULRVLW\DPRQJWKH
LQKDELWDQWVRIWKH'HQPLJKWEHVHHQZDONLQJ7KHFXWRI
KLVFORWKHVZRXOGKDYHPDGHKLPSDVVIRUDQHOHJDQWPDQLI
WKRVHFORWKHVKDGQRWEHHQWRUQWRVKUHGVVWLOOWKH\GLG
QRWVKRZVLJQVRIZHDUDQGWKHILQHFORWKEHQHDWKWKH
FDUHIXOKDQGVRIWKHSULVRQHUVRRQUHFRYHUHGLWVJORVVLQ
WKHSDUWVZKLFKZHUHVWLOOSHUIHFWIRUWKHZHDUHUWULHGKLV
EHVWWRPDNHLWDVVXPHWKHDSSHDUDQFHRIDQHZFRDW+H

1300

EHVWRZHGWKHVDPHDWWHQWLRQXSRQWKHFDPEULFIURQWRID
VKLUWZKLFKKDGFRQVLGHUDEO\FKDQJHGLQFRORUVLQFHKLV
HQWUDQFHLQWRWKHSULVRQDQGKHSROLVKHGKLVYDUQLVKHG
ERRWVZLWKWKHFRUQHURIDKDQGNHUFKLHIHPEURLGHUHGZLWK
LQLWLDOVVXUPRXQWHGE\DFRURQHW6RPHRIWKHLQPDWHVRIWKH
/LRQV
'HQZHUHZDWFKLQJWKHRSHUDWLRQVRIWKHSULVRQHU
V
WRLOHWZLWKFRQVLGHUDEOHLQWHUHVW6HHWKHSULQFHLV
SOXPLQJKLPVHOIVDLGRQHRIWKHWKLHYHV+H
VDILQH
ORRNLQJIHOORZVDLGDQRWKHULIKHKDGRQO\DFRPEDQG
KDLUJUHDVHKH
GWDNHWKHVKLQHRIIWKHJHQWOHPHQLQZKLWH
NLGV
+LVFRDWORRNVDOPRVWQHZDQGKLVERRWVVKLQHOLNHD
QLJJHU
VIDFH,W
VSOHDVDQWWRKDYHVXFKZHOOGUHVVHG
FRPUDGHVEXWGLGQ
WWKRVHJHQGDUPHVEHKDYHVKDPHIXO"
PXVW
DEHHQMHDORXVWRWHDUVXFKFORWKHV
+HORRNVOLNHDELJEXJVDLGDQRWKHUGUHVVHVLQILQH
VW\OH$QGWKHQWREHKHUHVR\RXQJ2KZKDWODUNV
0HDQZKLOHWKHREMHFWRIWKLVKLGHRXVDGPLUDWLRQDSSURDFKHG
WKHZLFNHWDJDLQVWZKLFKRQHRIWKHNHHSHUVZDVOHDQLQJ
&RPHVLUKHVDLGOHQGPHWZHQW\IUDQFV\RXZLOOVRRQ
EHSDLG\RXUXQQRULVNVZLWKPH5HPHPEHU,KDYH
UHODWLRQVZKRSRVVHVVPRUHPLOOLRQVWKDQ\RXKDYHGHQLHUV
&RPH,EHVHHFK\RXOHQGPHWZHQW\IUDQFVVRWKDW,PD\
EX\DGUHVVLQJJRZQLWLVLQWROHUDEOHDOZD\VWREHLQD
FRDWDQGERRWV$QGZKDWDFRDWVLUIRUDSULQFHRIWKH
&DYDOFDQWL7KHNHHSHUWXUQHGKLVEDFNDQGVKUXJJHGKLV
VKRXOGHUVKHGLGQRWHYHQODXJKDWZKDWZRXOGKDYHFDXVHG
DQ\RQHHOVHWRGRVRKHKDGKHDUGVRPDQ\XWWHUWKHVDPH
WKLQJVLQGHHGKHKHDUGQRWKLQJHOVH
&RPHVDLG$QGUHD\RXDUHDPDQYRLGRIFRPSDVVLRQ,
OO
KDYH\RXWXUQHGRXW7KLVPDGHWKHNHHSHUWXUQDURXQGDQG
KHEXUVWLQWRDORXGODXJK7KHSULVRQHUVWKHQDSSURDFKHG
DQGIRUPHGDFLUFOH,WHOO\RXWKDWZLWKWKDWZUHWFKHG
VXPFRQWLQXHG$QGUHD,FRXOGREWDLQDFRDWDQGDURRP
LQZKLFKWRUHFHLYHWKHLOOXVWULRXVYLVLWRU,DPGDLO\
H[SHFWLQJ
2IFRXUVHRIFRXUVHVDLGWKHSULVRQHUVDQ\RQH
FDQVHHKH
VDJHQWOHPDQ
:HOOWKHQOHQGKLPWKHWZHQW\IUDQFVVDLGWKHNHHSHU

1301

OHDQLQJRQWKHRWKHUVKRXOGHUVXUHO\\RXZLOOQRWUHIXVHD
FRPUDGH
,DPQRFRPUDGHRIWKHVHSHRSOHVDLGWKH\RXQJPDQ
SURXGO\\RXKDYHQRULJKWWRLQVXOWPHWKXV
7KHWKLHYHVORRNHGDWRQHDQRWKHUZLWKORZPXUPXUVDQGD
VWRUPJDWKHUHGRYHUWKHKHDGRIWKHDULVWRFUDWLFSULVRQHU
UDLVHGOHVVE\KLVRZQZRUGVWKDQE\WKHPDQQHURIWKH
NHHSHU7KHODWWHUVXUHRITXHOOLQJWKHWHPSHVWZKHQWKH
ZDYHVEHFDPHWRRYLROHQWDOORZHGWKHPWRULVHWRDFHUWDLQ
SLWFKWKDWKHPLJKWEHUHYHQJHGRQWKHLPSRUWXQDWH$QGUHD
DQGEHVLGHVLWZRXOGDIIRUGKLPVRPHUHFUHDWLRQGXULQJWKH
ORQJGD\7KHWKLHYHVKDGDOUHDG\DSSURDFKHG$QGUHDVRPH
VFUHDPLQJ/DVDYDWH/DVDYDWH DFUXHORSHUDWLRQ
ZKLFKFRQVLVWVLQFXIILQJDFRPUDGHZKRPD\KDYHIDOOHQLQWR
GLVJUDFHQRWZLWKDQROGVKRHEXWZLWKDQLURQKHHOHGRQH
2WKHUVSURSRVHGWKHDQJXLOOHDQRWKHUNLQGRIUHFUHDWLRQ
LQZKLFKDKDQGNHUFKLHILVILOOHGZLWKVDQGSHEEOHVDQG
WZRVRXVSLHFHVZKHQWKH\KDYHWKHPZKLFKWKHZUHWFKHV
EHDWOLNHDIODLORYHUWKHKHDGDQGVKRXOGHUVRIWKHXQKDSS\
VXIIHUHU/HWXVKRUVHZKLSWKHILQHJHQWOHPDQVDLG
RWKHUV
6DYDWHDQROGVKRH
%XW$QGUHDWXUQLQJWRZDUGVWKHPZLQNHGKLVH\HVUROOHG
KLVWRQJXHDURXQGKLVFKHHNVDQGVPDFNHGKLVOLSVLQD
PDQQHUHTXLYDOHQWWRDKXQGUHGZRUGVDPRQJWKHEDQGLWVZKHQ
IRUFHGWREHVLOHQW,WZDVD0DVRQLFVLJQ&DGHURXVVHKDG
WDXJKWKLP+HZDVLPPHGLDWHO\UHFRJQL]HGDVRQHRIWKHP
WKHKDQGNHUFKLHIZDVWKURZQGRZQDQGWKHLURQKHHOHGVKRH
UHSODFHGRQWKHIRRWRIWKHZUHWFKWRZKRPLWEHORQJHG6RPH
YRLFHVZHUHKHDUGWRVD\WKDWWKHJHQWOHPDQZDVULJKWWKDW
KHLQWHQGHGWREHFLYLOLQKLVZD\DQGWKDWWKH\ZRXOGVHW
WKHH[DPSOHRIOLEHUW\RIFRQVFLHQFHDQGWKHPRE
UHWLUHG7KHNHHSHUZDVVRVWXSHILHGDWWKLVVFHQHWKDWKH
WRRN$QGUHDE\WKHKDQGVDQGEHJDQH[DPLQLQJKLVSHUVRQ
DWWULEXWLQJWKHVXGGHQVXEPLVVLRQRIWKHLQPDWHVRIWKH
/LRQV
'HQWRVRPHWKLQJPRUHVXEVWDQWLDOWKDQPHUH
IDVFLQDWLRQ$QGUHDPDGHQRUHVLVWDQFHDOWKRXJKKH
SURWHVWHGDJDLQVWLW6XGGHQO\DYRLFHZDVKHDUGDWWKH
ZLFNHW%HQHGHWWRH[FODLPHGDQLQVSHFWRU7KHNHHSHU
UHOD[HGKLVKROG,DPFDOOHGVDLG$QGUHD7RWKH

1302

YLVLWRUV
URRPVDLGWKHVDPHYRLFH
<RXVHHVRPHRQHSD\VPHDYLVLW$KP\GHDUVLU\RXZLOO
VHHZKHWKHUD&DYDOFDQWLLVWREHWUHDWHGOLNHDFRPPRQ
SHUVRQ$QG$QGUHDJOLGLQJWKURXJKWKHFRXUWOLNHDEODFN
VKDGRZUXVKHGRXWWKURXJKWKHZLFNHWOHDYLQJKLVFRPUDGHV
DQGHYHQWKHNHHSHUORVWLQZRQGHU&HUWDLQO\DFDOOWRWKH
YLVLWRUV
URRPKDGVFDUFHO\DVWRQLVKHG$QGUHDOHVVWKDQ
WKHPVHOYHVIRUWKHZLO\\RXWKLQVWHDGRIPDNLQJXVHRIKLV
SULYLOHJHRIZDLWLQJWREHFODLPHGRQKLVHQWU\LQWR/D
)RUFHKDGPDLQWDLQHGDULJLGVLOHQFH(YHU\WKLQJKH
VDLGSURYHVPHWREHXQGHUWKHSURWHFWLRQRIVRPHSRZHUIXO
SHUVRQWKLVVXGGHQIRUWXQHWKHIDFLOLW\ZLWKZKLFK,
KDYHRYHUFRPHDOOREVWDFOHVDQXQH[SHFWHGIDPLO\DQGDQ
LOOXVWULRXVQDPHDZDUGHGWRPHJROGVKRZHUHGGRZQXSRQPH
DQGWKHPRVWVSOHQGLGDOOLDQFHVDERXWWREHHQWHUHGLQWR$Q
XQKDSS\ODSVHRIIRUWXQHDQGWKHDEVHQFHRIP\SURWHFWRU
KDYHFDVWPHGRZQFHUWDLQO\EXWQRWIRUHYHU7KHKDQG
ZKLFKKDVUHWUHDWHGIRUDZKLOHZLOOEHDJDLQVWUHWFKHG
IRUWKWRVDYHPHDWWKHYHU\PRPHQWZKHQ,VKDOOWKLQN
P\VHOIVLQNLQJLQWRWKHDE\VV:K\VKRXOG,ULVNDQ
LPSUXGHQWVWHS",WPLJKWDOLHQDWHP\SURWHFWRU+HKDVWZR
PHDQVRIH[WULFDWLQJPHIURPWKLVGLOHPPDWKHRQHE\D
P\VWHULRXVHVFDSHPDQDJHGWKURXJKEULEHU\WKHRWKHUE\
EX\LQJRIIP\MXGJHVZLWKJROG,ZLOOVD\DQGGRQRWKLQJ
XQWLO,DPFRQYLQFHGWKDWKHKDVTXLWHDEDQGRQHGPHDQG
WKHQ
$QGUHDKDGIRUPHGDSODQZKLFKZDVWROHUDEO\FOHYHU7KH
XQIRUWXQDWH\RXWKZDVLQWUHSLGLQWKHDWWDFNDQGUXGHLQ
WKHGHIHQFH+HKDGERUQHZLWKWKHSXEOLFSULVRQDQGZLWK
SULYDWLRQVRIDOOVRUWVVWLOOE\GHJUHHVQDWXUHRUUDWKHU
FXVWRPKDGSUHYDLOHGDQGKHVXIIHUHGIURPEHLQJQDNHG
GLUW\DQGKXQJU\,WZDVDWWKLVPRPHQWRIGLVFRPIRUWWKDW
WKHLQVSHFWRU
VYRLFHFDOOHGKLPWRWKHYLVLWLQJURRP
$QGUHDIHOWKLVKHDUWOHDSZLWKMR\,WZDVWRRVRRQIRUD
YLVLWIURPWKHH[DPLQLQJPDJLVWUDWHDQGWRRODWHIRURQH
IURPWKHGLUHFWRURIWKHSULVRQRUWKHGRFWRULWPXVW
WKHQEHWKHYLVLWRUKHKRSHGIRU%HKLQGWKHJUDWLQJRIWKH
URRPLQWRZKLFK$QGUHDKDGEHHQOHGKHVDZZKLOHKLVH\HV
GLODWHGZLWKVXUSULVHWKHGDUNDQGLQWHOOLJHQWIDFHRI0
%HUWXFFLRZKRZDVDOVRJD]LQJZLWKVDGDVWRQLVKPHQWXSRQ
WKHLURQEDUVWKHEROWHGGRRUVDQGWKHVKDGRZZKLFKPRYHG
EHKLQGWKHRWKHUJUDWLQJ

1303

$KVDLG$QGUHDGHHSO\DIIHFWHG
*RRGPRUQLQJ%HQHGHWWRVDLG%HUWXFFLRZLWKKLVGHHS
KROORZYRLFH
<RX\RX"VDLGWKH\RXQJPDQORRNLQJIHDUIXOO\DURXQG
KLP
'R\RXQRWUHFRJQL]HPHXQKDSS\FKLOG"
6LOHQFHEHVLOHQWVDLG$QGUHDZKRNQHZWKHGHOLFDWH
VHQVHRIKHDULQJSRVVHVVHGE\WKHZDOOVIRUKHDYHQ
VVDNH
GRQRWVSHDNVRORXG
<RXZLVKWRVSHDNZLWKPHDORQHGR\RXQRW"VDLG
%HUWXFFLR
2K\HV
7KDWLVZHOO$QG%HUWXFFLRIHHOLQJLQKLVSRFNHWVLJQHG
WRDNHHSHUZKRPKHVDZWKURXJKWKHZLQGRZRIWKHZLFNHW
5HDG"KHVDLG
:KDWLVWKDW"DVNHG$QGUHD
$QRUGHUWRFRQGXFW\RXWRDURRPDQGWROHDYH\RXWKHUH
WRWDONWRPH
2KFULHG$QGUHDOHDSLQJZLWKMR\7KHQKHPHQWDOO\
DGGHG6WLOOP\XQNQRZQSURWHFWRU,DPQRWIRUJRWWHQ
7KH\ZLVKIRUVHFUHF\VLQFHZHDUHWRFRQYHUVHLQDSULYDWH
URRP,XQGHUVWDQG%HUWXFFLRKDVEHHQVHQWE\P\
SURWHFWRU
7KHNHHSHUVSRNHIRUDPRPHQWZLWKDQRIILFLDOWKHQRSHQHG
WKHLURQJDWHVDQGFRQGXFWHG$QGUHDWRDURRPRQWKHILUVW
IORRU7KHURRPZDVZKLWHZDVKHGDVLVWKHFXVWRPLQ
SULVRQVEXWLWORRNHGTXLWHEULOOLDQWWRDSULVRQHUWKRXJK
DVWRYHDEHGDFKDLUDQGDWDEOHIRUPHGWKHZKROHRILWV
VXPSWXRXVIXUQLWXUH%HUWXFFLRVDWGRZQXSRQWKHFKDLU
$QGUHDWKUHZKLPVHOIXSRQWKHEHGWKHNHHSHUUHWLUHG

1304

1RZVDLGWKHVWHZDUGZKDWKDYH\RXWRWHOOPH"
$QG\RX"VDLG$QGUHD
<RXVSHDNILUVW
2KQR<RXPXVWKDYHPXFKWRWHOOPHVLQFH\RXKDYHFRPH
WRVHHNPH
:HOOEHLWVR<RXKDYHFRQWLQXHG\RXUFRXUVHRIYLOODQ\
\RXKDYHUREEHG\RXKDYHDVVDVVLQDWHG
:HOO,VKRXOGVD\,I\RXKDGPHWDNHQWRDSULYDWHURRP
RQO\WRWHOOPHWKLV\RXPLJKWKDYHVDYHG\RXUVHOIWKH
WURXEOH,NQRZDOOWKHVHWKLQJV%XWWKHUHDUHVRPHZLWK
ZKLFKRQWKHFRQWUDU\,DPQRWDFTXDLQWHG/HWXVWDONRI
WKRVHLI\RXSOHDVH:KRVHQW\RX"
&RPHFRPH\RXDUHJRLQJRQTXLFNO\0%HQHGHWWR
<HVDQGWRWKHSRLQW/HWXVGLVSHQVHZLWKXVHOHVVZRUGV
:KRVHQGV\RX"
1RRQH
+RZGLG\RXNQRZ,ZDVLQSULVRQ"
,UHFRJQL]HG\RXVRPHWLPHVLQFHDVWKHLQVROHQWGDQG\
ZKRVRJUDFHIXOO\PRXQWHGKLVKRUVHLQWKH&KDPSV(O\VHHV
2KWKH&KDPSV(O\VHHV"$K\HVZHEXUQDVWKH\VD\DW
WKHJDPHRISLQFHWWH7KH&KDPSV(O\VHHV"&RPHOHWXVWDON
DOLWWOHDERXWP\IDWKHU
:KRWKHQDP,"
<RXVLU"\RXDUHP\DGRSWHGIDWKHU%XWLWZDVQRW\RX
,SUHVXPHZKRSODFHGDWP\GLVSRVDOIUDQFVZKLFK,
VSHQWLQIRXURUILYHPRQWKVLWZDVQRW\RXZKR
PDQXIDFWXUHGDQ,WDOLDQJHQWOHPDQIRUP\IDWKHULWZDVQRW
\RXZKRLQWURGXFHGPHLQWRWKHZRUOGDQGKDGPHLQYLWHGWR
DFHUWDLQGLQQHUDW$XWHXLOZKLFK,IDQF\,DPHDWLQJDW
WKLVPRPHQWLQFRPSDQ\ZLWKWKHPRVWGLVWLQJXLVKHGSHRSOH
LQ3DULVDPRQJVWWKHUHVWZLWKDFHUWDLQSURFXUHXUZKRVH

1305

DFTXDLQWDQFH,GLGYHU\ZURQJQRWWRFXOWLYDWHIRUKHZRXOG
KDYHEHHQYHU\XVHIXOWRPHMXVWQRZLWZDVQRW\RXLQ
IDFWZKREDLOHGPHIRURQHRUWZRPLOOLRQVZKHQWKHIDWDO
GLVFRYHU\RIP\OLWWOHVHFUHWWRRNSODFH&RPHVSHDNP\
ZRUWK\&RUVLFDQVSHDN
:KDWGR\RXZLVKPHWRVD\"
,ZLOOKHOS\RX<RXZHUHVSHDNLQJRIWKH&KDPSV(O\VHHV
MXVWQRZZRUWK\IRVWHUIDWKHU
:HOO"
:HOOLQWKH&KDPSV(O\VHHVWKHUHUHVLGHVDYHU\ULFK
JHQWOHPDQ
$WZKRVHKRXVH\RXUREEHGDQGPXUGHUHGGLG\RXQRW"
,EHOLHYH,GLG
7KH&RXQWRI0RQWH&ULVWR"

7LV\RXZKRKDYHQDPHGKLPDV05DFLQHVD\V:HOODP,
WRUXVKLQWRKLVDUPVDQGVWUDLQKLPWRP\KHDUWFU\LQJ
C0\IDWKHUP\IDWKHU
OLNH0RQVLHXU3L[HUHFRXUW
'RQRWOHWXVMHVWJUDYHO\UHSOLHG%HUWXFFLRDQGGDUH
QRWWRXWWHUWKDWQDPHDJDLQDV\RXKDYHSURQRXQFHGLW
*XLOEHUWGH3L[HUHFRXUW)UHQFKGUDPDWLVW  
%DKVDLG$QGUHDDOLWWOHRYHUFRPHE\WKHVROHPQLW\RI
%HUWXFFLR
VPDQQHUZK\QRW"
%HFDXVHWKHSHUVRQZKREHDUVLWLVWRRKLJKO\IDYRUHGE\
KHDYHQWREHWKHIDWKHURIVXFKDZUHWFKDV\RX
2KWKHVHDUHILQHZRUGV
$QGWKHUHZLOOEHILQHGRLQJVLI\RXGRQRWWDNHFDUH
0HQDFHV,GRQRWIHDUWKHP,ZLOOVD\
'R\RXWKLQN\RXDUHHQJDJHGZLWKDS\JP\OLNH\RXUVHOI"

1306

VDLG%HUWXFFLRLQVRFDOPDWRQHDQGZLWKVRVWHDGIDVWD
ORRNWKDW$QGUHDZDVPRYHGWRWKHYHU\VRXO'R\RXWKLQN
\RXKDYHWRGRZLWKJDOOH\VODYHVRUQRYLFHVLQWKHZRUOG"
%HQHGHWWR\RXDUHIDOOHQLQWRWHUULEOHKDQGVWKH\DUH
UHDG\WRRSHQIRU\RXPDNHXVHRIWKHP'RQRWSOD\ZLWK
WKHWKXQGHUEROWWKH\KDYHODLGDVLGHIRUDPRPHQWEXWZKLFK
WKH\FDQWDNHXSDJDLQLQVWDQWO\LI\RXDWWHPSWWR
LQWHUFHSWWKHLUPRYHPHQWV
0\IDWKHU,ZLOONQRZZKRP\IDWKHULVVDLGWKH
REVWLQDWH\RXWK,ZLOOSHULVKLI,PXVWEXW,ZLOONQRZ
LW:KDWGRHVVFDQGDOVLJQLI\WRPH":KDWSRVVHVVLRQVZKDW
UHSXWDWLRQZKDWCSXOO
DV%HDXFKDPSVD\VKDYH,"<RX
JUHDWSHRSOHDOZD\VORVHVRPHWKLQJE\VFDQGDO
QRWZLWKVWDQGLQJ\RXUPLOOLRQV&RPHZKRLVP\IDWKHU"
,FDPHWRWHOO\RX
$KFULHG%HQHGHWWRKLVH\HVVSDUNOLQJZLWKMR\-XVW
WKHQWKHGRRURSHQHGDQGWKHMDLOHUDGGUHVVLQJKLPVHOIWR
%HUWXFFLRVDLG([FXVHPHVLUEXWWKHH[DPLQLQJ
PDJLVWUDWHLVZDLWLQJIRUWKHSULVRQHU
$QGVRFORVHVRXULQWHUYLHZVDLG$QGUHDWRWKHZRUWK\
VWHZDUG,ZLVKWKHWURXEOHVRPHIHOORZZHUHDWWKHGHYLO
,ZLOOUHWXUQWRPRUURZVDLG%HUWXFFLR
*RRG*HQGDUPHV,DPDW\RXUVHUYLFH$KVLUGROHDYHD
IHZFURZQVIRUPHDWWKHJDWHWKDW,PD\KDYHVRPHWKLQJV,
DPLQQHHGRI
,WVKDOOEHGRQHUHSOLHG%HUWXFFLR$QGUHDH[WHQGHGKLV
KDQG%HUWXFFLRNHSWKLVRZQLQKLVSRFNHWDQGPHUHO\
MLQJOHGDIHZSLHFHVRIPRQH\7KDW
VZKDW,PHDQVDLG
$QGUHDHQGHDYRULQJWRVPLOHTXLWHRYHUFRPHE\WKHVWUDQJH
WUDQTXLOOLW\RI%HUWXFFLR&DQ,EHGHFHLYHG"KHPXUPXUHG
DVKHVWHSSHGLQWRWKHREORQJDQGJUDWHGYHKLFOHZKLFKWKH\
FDOOWKHVDODGEDVNHW1HYHUPLQGZHVKDOOVHH
7RPRUURZWKHQKHDGGHGWXUQLQJWRZDUGV%HUWXFFLR
7RPRUURZUHSOLHGWKHVWHZDUG

1307

&KDSWHU
7KH-XGJH
:HUHPHPEHUWKDWWKH$EEH%XVRQLUHPDLQHGDORQHZLWK
1RLUWLHULQWKHFKDPEHURIGHDWKDQGWKDWWKHROGPDQDQG
WKHSULHVWZHUHWKHVROHJXDUGLDQVRIWKH\RXQJJLUO
VERG\
3HUKDSVLWZDVWKH&KULVWLDQH[KRUWDWLRQVRIWKHDEEH
SHUKDSVKLVNLQGFKDULW\SHUKDSVKLVSHUVXDVLYHZRUGV
ZKLFKKDGUHVWRUHGWKHFRXUDJHRI1RLUWLHUIRUHYHUVLQFH
KHKDGFRQYHUVHGZLWKWKHSULHVWKLVYLROHQWGHVSDLUKDG
\LHOGHGWRDFDOPUHVLJQDWLRQZKLFKVXUSULVHGDOOZKRNQHZ
KLVH[FHVVLYHDIIHFWLRQIRU9DOHQWLQH0GH9LOOHIRUWKDG
QRWVHHQKLVIDWKHUVLQFHWKHPRUQLQJRIWKHGHDWK7KH
ZKROHHVWDEOLVKPHQWKDGEHHQFKDQJHGDQRWKHUYDOHWZDV
HQJDJHGIRUKLPVHOIDQHZVHUYDQWIRU1RLUWLHUWZRZRPHQ
KDGHQWHUHG0DGDPHGH9LOOHIRUW
VVHUYLFHLQIDFW
HYHU\ZKHUHWRWKHFRQFLHUJHDQGFRDFKPHQQHZIDFHVZHUH
SUHVHQWHGWRWKHGLIIHUHQWPDVWHUVRIWKHKRXVHWKXV
ZLGHQLQJWKHGLYLVLRQZKLFKKDGDOZD\VH[LVWHGEHWZHHQWKH
PHPEHUVRIWKHVDPHIDPLO\
7KHDVVL]HVDOVRZHUHDERXWWREHJLQDQG9LOOHIRUWVKXW
XSLQKLVURRPH[HUWHGKLPVHOIZLWKIHYHULVKDQ[LHW\LQ
GUDZLQJXSWKHFDVHDJDLQVWWKHPXUGHUHURI&DGHURXVVH7KLV
DIIDLUOLNHDOOWKRVHLQZKLFKWKH&RXQWRI0RQWH&ULVWR
KDGLQWHUIHUHGFDXVHGDJUHDWVHQVDWLRQLQ3DULV7KH
SURRIVZHUHFHUWDLQO\QRWFRQYLQFLQJVLQFHWKH\UHVWHGXSRQ
DIHZZRUGVZULWWHQE\DQHVFDSHGJDOOH\VODYHRQKLV
GHDWKEHGDQGZKRPLJKWKDYHEHHQDFWXDWHGE\KDWUHGRU
UHYHQJHLQDFFXVLQJKLVFRPSDQLRQ%XWWKHPLQGRIWKH
SURFXUHXUZDVPDGHXSKHIHOWDVVXUHGWKDW%HQHGHWWRZDV
JXLOW\DQGKHKRSHGE\KLVVNLOOLQFRQGXFWLQJWKLV
DJJUDYDWHGFDVHWRIODWWHUKLVVHOIORYHZKLFKZDVDERXW
WKHRQO\YXOQHUDEOHSRLQWOHIWLQKLVIUR]HQKHDUW
7KHFDVHZDVWKHUHIRUHSUHSDUHGRZLQJWRWKHLQFHVVDQWODERU
RI9LOOHIRUWZKRZLVKHGLWWREHWKHILUVWRQWKHOLVWLQ
WKHFRPLQJDVVL]HV+HKDGEHHQREOLJHGWRVHFOXGHKLPVHOI
PRUHWKDQHYHUWRHYDGHWKHHQRUPRXVQXPEHURIDSSOLFDWLRQV
SUHVHQWHGWRKLPIRUWKHSXUSRVHRIREWDLQLQJWLFNHWVRI
DGPLVVLRQWRWKHFRXUWRQWKHGD\RIWULDO$QGWKHQVR
VKRUWDWLPHKDGHODSVHGVLQFHWKHGHDWKRISRRU9DOHQWLQH
DQGWKHJORRPZKLFKRYHUVKDGRZHGWKHKRXVHZDVVRUHFHQW

1308

WKDWQRRQHZRQGHUHGWRVHHWKHIDWKHUVRDEVRUEHGLQKLV
SURIHVVLRQDOGXWLHVZKLFKZHUHWKHRQO\PHDQVKHKDGRI
GLVVLSDWLQJKLVJULHI
2QFHRQO\KDG9LOOHIRUWVHHQKLVIDWKHULWZDVWKHGD\
DIWHUWKDWXSRQZKLFK%HUWXFFLRKDGSDLGKLVVHFRQGYLVLWWR
%HQHGHWWRZKHQWKHODWWHUZDVWROHDUQKLVIDWKHU
VQDPH
7KHPDJLVWUDWHKDUDVVHGDQGIDWLJXHGKDGGHVFHQGHGWRWKH
JDUGHQRIKLVKRXVHDQGLQDJORRP\PRRGVLPLODUWRWKDW
LQZKLFK7DUTXLQORSSHGRIIWKHWDOOHVWSRSSLHVKHEHJDQ
NQRFNLQJRIIZLWKKLVFDQHWKHORQJDQGG\LQJEUDQFKHVRI
WKHURVHWUHHVZKLFKSODFHGDORQJWKHDYHQXHVHHPHGOLNH
WKHVSHFWUHVRIWKHEULOOLDQWIORZHUVZKLFKKDGEORRPHGLQ
WKHSDVWVHDVRQ0RUHWKDQRQFHKHKDGUHDFKHGWKDWSDUWRI
WKHJDUGHQZKHUHWKHIDPRXVERDUGHGJDWHVWRRGRYHUORRNLQJ
WKHGHVHUWHGHQFORVXUHDOZD\VUHWXUQLQJE\WKHVDPHSDWK
WREHJLQKLVZDONDJDLQDWWKHVDPHSDFHDQGZLWKWKHVDPH
JHVWXUHZKHQKHDFFLGHQWDOO\WXUQHGKLVH\HVWRZDUGVWKH
KRXVHZKHQFHKHKHDUGWKHQRLV\SOD\RIKLVVRQZKRKDG
UHWXUQHGIURPVFKRROWRVSHQGWKH6XQGD\DQG0RQGD\ZLWKKLV
PRWKHU:KLOHGRLQJVRKHREVHUYHG01RLUWLHUDWRQHRI
WKHRSHQZLQGRZVZKHUHWKHROGPDQKDGEHHQSODFHGWKDWKH
PLJKWHQMR\WKHODVWUD\VRIWKHVXQZKLFK\HW\LHOGHGVRPH
KHDWDQGZDVQRZVKLQLQJXSRQWKHG\LQJIORZHUVDQGUHG
OHDYHVRIWKHFUHHSHUZKLFKWZLQHGDURXQGWKHEDOFRQ\
7KHH\HRIWKHROGPDQZDVULYHWHGXSRQDVSRWZKLFK
9LOOHIRUWFRXOGVFDUFHO\GLVWLQJXLVK+LVJODQFHZDVVRIXOO
RIKDWHRIIHURFLW\DQGVDYDJHLPSDWLHQFHWKDW9LOOHIRUW
WXUQHGRXWRIWKHSDWKKHKDGEHHQSXUVXLQJWRVHHXSRQ
ZKDWSHUVRQWKLVGDUNORRNZDVGLUHFWHG7KHQKHVDZEHQHDWK
DWKLFNFOXPSRIOLQGHQWUHHVZKLFKZHUHQHDUO\GLYHVWHGRI
IROLDJH0DGDPHGH9LOOHIRUWVLWWLQJZLWKDERRNLQKHU
KDQGWKHSHUXVDORIZKLFKVKHIUHTXHQWO\LQWHUUXSWHGWR
VPLOHXSRQKHUVRQRUWRWKURZEDFNKLVHODVWLFEDOOZKLFK
KHREVWLQDWHO\WKUHZIURPWKHGUDZLQJURRPLQWRWKHJDUGHQ
9LOOHIRUWEHFDPHSDOHKHXQGHUVWRRGWKHROGPDQ
VPHDQLQJ
1RLUWLHUFRQWLQXHGWRORRNDWWKHVDPHREMHFWEXWVXGGHQO\
KLVJODQFHZDVWUDQVIHUUHGIURPWKHZLIHWRWKHKXVEDQGDQG
9LOOHIRUWKLPVHOIKDGWRVXEPLWWRWKHVHDUFKLQJ
LQYHVWLJDWLRQRIH\HVZKLFKZKLOHFKDQJLQJWKHLUGLUHFWLRQ
DQGHYHQWKHLUODQJXDJHKDGORVWQRQHRIWKHLUPHQDFLQJ
H[SUHVVLRQ0DGDPHGH9LOOHIRUWXQFRQVFLRXVRIWKHSDVVLRQV
WKDWH[KDXVWHGWKHLUILUHRYHUKHUKHDGDWWKDWPRPHQWKHOG

1309

KHUVRQ
VEDOODQGZDVPDNLQJVLJQVWRKLPWRUHFODLPLW
ZLWKDNLVV(GZDUGEHJJHGIRUDORQJZKLOHWKHPDWHUQDO
NLVVSUREDEO\QRWRIIHULQJVXIILFLHQWUHFRPSHQVHIRUWKH
WURXEOHKHPXVWWDNHWRREWDLQLWKRZHYHUDWOHQJWKKH
GHFLGHGOHDSHGRXWRIWKHZLQGRZLQWRDFOXVWHURI
KHOLRWURSHVDQGGDLVLHVDQGUDQWRKLVPRWKHUKLVIRUHKHDG
VWUHDPLQJZLWKSHUVSLUDWLRQ0DGDPHGH9LOOHIRUWZLSHGKLV
IRUHKHDGSUHVVHGKHUOLSVXSRQLWDQGVHQWKLPEDFNZLWK
WKHEDOOLQRQHKDQGDQGVRPHERQERQVLQWKHRWKHU
9LOOHIRUWGUDZQE\DQLUUHVLVWLEOHDWWUDFWLRQOLNHWKDWRI
WKHELUGWRWKHVHUSHQWZDONHGWRZDUGVWKHKRXVH$VKH
DSSURDFKHGLW1RLUWLHU
VJD]HIROORZHGKLPDQGKLVH\HV
DSSHDUHGRIVXFKDILHU\EULJKWQHVVWKDW9LOOHIRUWIHOWWKHP
SLHUFHWRWKHGHSWKVRIKLVKHDUW,QWKDWHDUQHVWORRN
PLJKWEHUHDGDGHHSUHSURDFKDVZHOODVDWHUULEOHPHQDFH
7KHQ1RLUWLHUUDLVHGKLVH\HVWRKHDYHQDVWKRXJKWRUHPLQG
KLVVRQRIDIRUJRWWHQRDWK,WLVZHOOVLUUHSOLHG
9LOOHIRUWIURPEHORZLWLVZHOOKDYHSDWLHQFHEXWRQH
GD\ORQJHUZKDW,KDYHVDLG,ZLOOGR1RLUWLHUVHHPHGWR
EHFDOPHGE\WKHVHZRUGVDQGWXUQHGKLVH\HVZLWK
LQGLIIHUHQFHWRWKHRWKHUVLGH9LOOHIRUWYLROHQWO\
XQEXWWRQHGKLVJUHDWFRDWZKLFKVHHPHGWRVWUDQJOHKLPDQG
SDVVLQJKLVOLYLGKDQGDFURVVKLVIRUHKHDGHQWHUHGKLV
VWXG\
7KHQLJKWZDVFROGDQGVWLOOWKHIDPLO\KDGDOOUHWLUHGWR
UHVWEXW9LOOHIRUWZKRDORQHUHPDLQHGXSDQGZRUNHGWLOO
ILYHR
FORFNLQWKHPRUQLQJUHYLHZLQJWKHODVW
LQWHUURJDWRULHVPDGHWKHQLJKWEHIRUHE\WKHH[DPLQLQJ
PDJLVWUDWHVFRPSLOLQJWKHGHSRVLWLRQVRIWKHZLWQHVVHVDQG
SXWWLQJWKHILQLVKLQJVWURNHWRWKHGHHGRIDFFXVDWLRQ
ZKLFKZDVRQHRIWKHPRVWHQHUJHWLFDQGEHVWFRQFHLYHGRI
DQ\KHKDG\HWGHOLYHUHG
7KHQH[WGD\0RQGD\ZDVWKHILUVWVLWWLQJRIWKHDVVL]HV
7KHPRUQLQJGDZQHGGXOODQGJORRP\DQG9LOOHIRUWVDZWKH
GLPJUD\OLJKWVKLQHXSRQWKHOLQHVKHKDGWUDFHGLQUHG
LQN7KHPDJLVWUDWHKDGVOHSWIRUDVKRUWWLPHZKLOHWKH
ODPSVHQWIRUWKLWVILQDOVWUXJJOHVLWVIOLFNHULQJVDZRNH
KLPDQGKHIRXQGKLVILQJHUVDVGDPSDQGSXUSOHDVWKRXJK
WKH\KDGEHHQGLSSHGLQEORRG+HRSHQHGWKHZLQGRZD
EULJKW\HOORZVWUHDNFURVVHGWKHVN\DQGVHHPHGWRGLYLGH
LQKDOIWKHSRSODUVZKLFKVWRRGRXWLQEODFNUHOLHIRQWKH

1310

KRUL]RQ,QWKHFORYHUILHOGVEH\RQGWKHFKHVWQXWWUHHVD
ODUNZDVPRXQWLQJXSWRKHDYHQZKLOHSRXULQJRXWKHUFOHDU
PRUQLQJVRQJ7KHGDPSVRIWKHGHZEDWKHGWKHKHDGRI
9LOOHIRUWDQGUHIUHVKHGKLVPHPRU\7RGD\KHVDLGZLWK
DQHIIRUWWRGD\WKHPDQZKRKROGVWKHEODGHRIMXVWLFH
PXVWVWULNHZKHUHYHUWKHUHLVJXLOW,QYROXQWDULO\KLVH\HV
ZDQGHUHGWRZDUGVWKHZLQGRZRI1RLUWLHU
VURRPZKHUHKHKDG
VHHQKLPWKHSUHFHGLQJQLJKW7KHFXUWDLQZDVGUDZQDQG\HW
WKHLPDJHRIKLVIDWKHUZDVVRYLYLGWRKLVPLQGWKDWKH
DGGUHVVHGWKHFORVHGZLQGRZDVWKRXJKLWKDGEHHQRSHQDQG
DVLIWKURXJKWKHRSHQLQJKHKDGEHKHOGWKHPHQDFLQJROG
PDQ<HVKHPXUPXUHG\HVEHVDWLVILHG
+LVKHDGGURSSHGXSRQKLVFKHVWDQGLQWKLVSRVLWLRQKH
SDFHGKLVVWXG\WKHQKHWKUHZKLPVHOIGUHVVHGDVKHZDV
XSRQDVRIDOHVVWRVOHHSWKDQWRUHVWKLVOLPEVFUDPSHG
ZLWKFROGDQGVWXG\%\GHJUHHVHYHU\RQHDZRNH9LOOHIRUW
IURPKLVVWXG\KHDUGWKHVXFFHVVLYHQRLVHVZKLFKDFFRPSDQ\
WKHOLIHRIDKRXVHWKHRSHQLQJDQGVKXWWLQJRIGRRUV
WKHULQJLQJRI0DGDPHGH9LOOHIRUW
VEHOOWRVXPPRQWKH
ZDLWLQJPDLGPLQJOHGZLWKWKHILUVWVKRXWVRIWKHFKLOG
ZKRURVHIXOORIWKHHQMR\PHQWRIKLVDJH9LOOHIRUWDOVR
UDQJKLVQHZYDOHWEURXJKWKLPWKHSDSHUVDQGZLWKWKHPD
FXSRIFKRFRODWH
:KDWDUH\RXEULQJLQJPH"VDLGKH
$FXSRIFKRFRODWH
,GLGQRWDVNIRULW:KRKDVSDLGPHWKLVDWWHQWLRQ"
0\PLVWUHVVVLU6KHVDLG\RXZRXOGKDYHWRVSHDNDJUHDW
GHDOLQWKHPXUGHUFDVHDQGWKDW\RXVKRXOGWDNHVRPHWKLQJ
WRNHHSXS\RXUVWUHQJWKDQGWKHYDOHWSODFHGWKHFXSRQ
WKHWDEOHQHDUHVWWRWKHVRIDZKLFKZDVOLNHDOOWKHUHVW
FRYHUHGZLWKSDSHUV7KHYDOHWWKHQOHIWWKHURRP9LOOHIRUW
ORRNHGIRUDQLQVWDQWZLWKDJORRP\H[SUHVVLRQWKHQ
VXGGHQO\WDNLQJLWXSZLWKDQHUYRXVPRWLRQKHVZDOORZHG
LWVFRQWHQWVDWRQHGUDXJKW,WPLJKWKDYHEHHQWKRXJKWWKDW
KHKRSHGWKHEHYHUDJHZRXOGEHPRUWDODQGWKDWKHVRXJKW
IRUGHDWKWRGHOLYHUKLPIURPDGXW\ZKLFKKHZRXOGUDWKHU
GLHWKDQIXOILO+HWKHQURVHDQGSDFHGKLVURRPZLWKD
VPLOHLWZRXOGKDYHEHHQWHUULEOHWRZLWQHVV7KHFKRFRODWH
ZDVLQRIIHQVLYHIRU0GH9LOOHIRUWIHOWQRHIIHFWV7KH

1311

EUHDNIDVWKRXUDUULYHGEXW0GH9LOOHIRUWZDVQRWDW
WDEOH7KHYDOHWUHHQWHUHG
0DGDPHGH9LOOHIRUWZLVKHVWRUHPLQG\RXVLUKHVDLG
WKDWHOHYHQR
FORFNKDVMXVWVWUXFNDQGWKDWWKHWULDO
FRPPHQFHVDWWZHOYH
:HOOVDLG9LOOHIRUWZKDWWKHQ"
0DGDPHGH9LOOHIRUWLVGUHVVHGVKHLVTXLWHUHDG\DQG
ZLVKHVWRNQRZLIVKHLVWRDFFRPSDQ\\RXVLU"
:KHUHWR"
7RWKH3DODLV
:KDWWRGR"
0\PLVWUHVVZLVKHVPXFKWREHSUHVHQWDWWKHWULDO
$KVDLG9LOOHIRUWZLWKDVWDUWOLQJDFFHQWGRHVVKH
ZLVKWKDW"7KHPDQGUHZEDFNDQGVDLG,I\RXZLVKWR
JRDORQHVLU,ZLOOJRDQGWHOOP\PLVWUHVV9LOOHIRUW
UHPDLQHGVLOHQWIRUDPRPHQWDQGGHQWHGKLVSDOHFKHHNV
ZLWKKLVQDLOV7HOO\RXUPLVWUHVVKHDWOHQJWKDQVZHUHG
WKDW,ZLVKWRVSHDNWRKHUDQG,EHJVKHZLOOZDLWIRUPH
LQKHURZQURRP
<HVVLU
7KHQFRPHWRGUHVVDQGVKDYHPH
'LUHFWO\VLU7KHYDOHWUHDSSHDUHGDOPRVWLQVWDQWO\
DQGKDYLQJVKDYHGKLVPDVWHUDVVLVWHGKLPWRGUHVV
HQWLUHO\LQEODFN:KHQKHKDGILQLVKHGKHVDLG
0\PLVWUHVVVDLGVKHVKRXOGH[SHFW\RXVLUDVVRRQDV\RX
KDGILQLVKHGGUHVVLQJ
,DPJRLQJWRKHU$QG9LOOHIRUWZLWKKLVSDSHUVXQGHU
KLVDUPDQGKDWLQKDQGGLUHFWHGKLVVWHSVWRZDUGWKH
DSDUWPHQWRIKLVZLIH$WWKHGRRUKHSDXVHGIRUDPRPHQWWR
ZLSHKLVGDPSSDOHEURZ+HWKHQHQWHUHGWKHURRP0DGDPH
GH9LOOHIRUWZDVVLWWLQJRQDQRWWRPDQDQGLPSDWLHQWO\

1312

WXUQLQJRYHUWKHOHDYHVRIVRPHQHZVSDSHUVDQGSDPSKOHWV
ZKLFK\RXQJ(GZDUGE\ZD\RIDPXVLQJKLPVHOIZDVWHDULQJ
WRSLHFHVEHIRUHKLVPRWKHUFRXOGILQLVKUHDGLQJWKHP6KH
ZDVGUHVVHGWRJRRXWKHUERQQHWZDVSODFHGEHVLGHKHURQD
FKDLUDQGKHUJORYHVZHUHRQKHUKDQGV
$KKHUH\RXDUHPRQVLHXUVKHVDLGLQKHUQDWXUDOO\FDOP
YRLFHEXWKRZSDOH\RXDUH+DYH\RXEHHQZRUNLQJDOO
QLJKW":K\GLG\RXQRWFRPHGRZQWREUHDNIDVW":HOOZLOO
\RXWDNHPHRUVKDOO,WDNH(GZDUG"0DGDPHGH9LOOHIRUW
KDGPXOWLSOLHGKHUTXHVWLRQVLQRUGHUWRJDLQRQHDQVZHU
EXWWRDOOKHULQTXLULHV0GH9LOOHIRUWUHPDLQHGPXWHDQG
FROGDVDVWDWXH(GZDUGVDLG9LOOHIRUWIL[LQJDQ
LPSHULRXVJODQFHRQWKHFKLOGJRDQGSOD\LQWKH
GUDZLQJURRPP\GHDU,ZLVKWRVSHDNWR\RXUPDPPD
0DGDPHGH9LOOHIRUWVKXGGHUHGDWWKHVLJKWRIWKDWFROG
FRXQWHQDQFHWKDWUHVROXWHWRQHDQGWKHDZIXOO\VWUDQJH
SUHOLPLQDULHV(GZDUGUDLVHGKLVKHDGORRNHGDWKLVPRWKHU
DQGWKHQILQGLQJWKDWVKHGLGQRWFRQILUPWKHRUGHUEHJDQ
FXWWLQJRIIWKHKHDGVRIKLVOHDGHQVROGLHUV
(GZDUGFULHG0GH9LOOHIRUWVRKDUVKO\WKDWWKHFKLOG
VWDUWHGXSIURPWKHIORRUGR\RXKHDUPH"*R7KH
FKLOGXQDFFXVWRPHGWRVXFKWUHDWPHQWDURVHSDOHDQG
WUHPEOLQJLWZRXOGEHGLIILFXOWWRVD\ZKHWKHUKLVHPRWLRQ
ZHUHFDXVHGE\IHDURUSDVVLRQ+LVIDWKHUZHQWXSWRKLP
WRRNKLPLQKLVDUPVDQGNLVVHGKLVIRUHKHDG*RKH
VDLGJRP\FKLOG(GZDUGUDQRXW0GH9LOOHIRUWZHQW
WRWKHGRRUZKLFKKHFORVHGEHKLQGWKHFKLOGDQGEROWHG
'HDUPHVDLGWKH\RXQJZRPDQHQGHDYRULQJWRUHDGKHU
KXVEDQG
VLQPRVWWKRXJKWVZKLOHDVPLOHSDVVHGRYHUKHU
FRXQWHQDQFHZKLFKIUR]HWKHLPSDVVLELOLW\RI9LOOHIRUW
ZKDWLVWKHPDWWHU"
0DGDPHZKHUHGR\RXNHHSWKHSRLVRQ\RXJHQHUDOO\XVH"
VDLGWKHPDJLVWUDWHZLWKRXWDQ\LQWURGXFWLRQSODFLQJ
KLPVHOIEHWZHHQKLVZLIHDQGWKHGRRU
0DGDPHGH9LOOHIRUWPXVWKDYHH[SHULHQFHGVRPHWKLQJRIWKH
VHQVDWLRQRIDELUGZKLFKORRNLQJXSVHHVWKHPXUGHURXV
WUDSFORVLQJRYHULWVKHDG$KRDUVHEURNHQWRQHZKLFKZDV
QHLWKHUDFU\QRUDVLJKHVFDSHGIURPKHUZKLOHVKHEHFDPH
GHDGO\SDOH0RQVLHXUVKHVDLG,,GRQRWXQGHUVWDQG
\RX$QGLQKHUILUVWSDUR[\VPRIWHUURUVKHKDGUDLVHG

1313

KHUVHOIIURPWKHVRIDLQWKHQH[WVWURQJHUYHU\OLNHO\
WKDQWKHRWKHUVKHIHOOGRZQDJDLQRQWKHFXVKLRQV,
DVNHG\RXFRQWLQXHG9LOOHIRUWLQDSHUIHFWO\FDOPWRQH
ZKHUH\RXFRQFHDOWKHSRLVRQE\WKHDLGRIZKLFK\RXKDYH
NLOOHGP\IDWKHULQODZ0GH6DLQW0HUDQP\
PRWKHULQODZ0DGDPHGH6DLQW0HUDQ%DUURLVDQGP\
GDXJKWHU9DOHQWLQH
$KVLUH[FODLPHG0DGDPHGH9LOOHIRUWFODVSLQJKHU
KDQGVZKDWGR\RXVD\"
,WLVQRWIRU\RXWRLQWHUURJDWHEXWWRDQVZHU
,VLWWRWKHMXGJHRUWRWKHKXVEDQG"VWDPPHUHG0DGDPHGH
9LOOHIRUW7RWKHMXGJHWRWKHMXGJHPDGDPH,WZDV
WHUULEOHWREHKROGWKHIULJKWIXOSDOORURIWKDWZRPDQWKH
DQJXLVKRIKHUORRNWKHWUHPEOLQJRIKHUZKROHIUDPH$K
VLUVKHPXWWHUHGDKVLUDQGWKLVZDVDOO
<RXGRQRWDQVZHUPDGDPHH[FODLPHGWKHWHUULEOH
LQWHUURJDWRU7KHQKHDGGHGZLWKDVPLOH\HWPRUHWHUULEOH
WKDQKLVDQJHU,WLVWUXHWKHQ\RXGRQRWGHQ\LW6KH
PRYHGIRUZDUG$QG\RXFDQQRWGHQ\LWDGGHG9LOOHIRUW
H[WHQGLQJKLVKDQGWRZDUGKHUDVWKRXJKWRVHL]HKHULQWKH
QDPHRIMXVWLFH<RXKDYHDFFRPSOLVKHGWKHVHGLIIHUHQW
FULPHVZLWKLPSXGHQWDGGUHVVEXWZKLFKFRXOGRQO\GHFHLYH
WKRVHZKRVHDIIHFWLRQVIRU\RXEOLQGHGWKHP6LQFHWKHGHDWK
RI0DGDPHGH6DLQW0HUDQ,KDYHNQRZQWKDWDSRLVRQHUOLYHG
LQP\KRXVH0G
$YULJQ\ZDUQHGPHRILW$IWHUWKHGHDWK
RI%DUURLVP\VXVSLFLRQVZHUHGLUHFWHGWRZDUGVDQDQJHO
WKRVHVXVSLFLRQVZKLFKHYHQZKHQWKHUHLVQRFULPHDUH
DOZD\VDOLYHLQP\KHDUWEXWDIWHUWKHGHDWKRI9DOHQWLQH
WKHUHKDVEHHQQRGRXEWLQP\PLQGPDGDPHDQGQRWRQO\LQ
PLQHEXWLQWKRVHRIRWKHUVWKXV\RXUFULPHNQRZQE\WZR
SHUVRQVVXVSHFWHGE\PDQ\ZLOOVRRQEHFRPHSXEOLFDQGDV
,WROG\RXMXVWQRZ\RXQRORQJHUVSHDNWRWKHKXVEDQGEXW
WRWKHMXGJH
7KH\RXQJZRPDQKLGKHUIDFHLQKHUKDQGV2KVLUVKH
VWDPPHUHG,EHVHHFK\RXGRQRWEHOLHYHDSSHDUDQFHV
$UH\RXWKHQDFRZDUG"FULHG9LOOHIRUWLQD
FRQWHPSWXRXVYRLFH%XW,KDYHDOZD\VREVHUYHGWKDW
SRLVRQHUVZHUHFRZDUGV&DQ\RXEHDFRZDUG\RXZKRKDYH

1314

KDGWKHFRXUDJHWRZLWQHVVWKHGHDWKRIWZRROGPHQDQGD
\RXQJJLUOPXUGHUHGE\\RX"
6LUVLU
&DQ\RXEHDFRZDUG"FRQWLQXHG9LOOHIRUWZLWKLQFUHDVLQJ
H[FLWHPHQW\RXZKRFRXOGFRXQWRQHE\RQHWKHPLQXWHV
RIIRXUGHDWKDJRQLHV"<RXZKRKDYHDUUDQJHG\RXULQIHUQDO
SODQVDQGUHPRYHGWKHEHYHUDJHVZLWKDWDOHQWDQGSUHFLVLRQ
DOPRVWPLUDFXORXV"+DYH\RXWKHQZKRKDYHFDOFXODWHG
HYHU\WKLQJZLWKVXFKQLFHW\KDYH\RXIRUJRWWHQWRFDOFXODWH
RQHWKLQJ,PHDQZKHUHWKHUHYHODWLRQRI\RXUFULPHVZLOO
OHDG\RXWR"2KLWLVLPSRVVLEOH\RXPXVWKDYHVDYHG
VRPHVXUHUPRUHVXEWOHDQGGHDGO\SRLVRQWKDQDQ\RWKHU
WKDW\RXPLJKWHVFDSHWKHSXQLVKPHQWWKDW\RXGHVHUYH<RX
KDYHGRQHWKLV,KRSHVRDWOHDVW0DGDPHGH9LOOHIRUW
VWUHWFKHGRXWKHUKDQGVDQGIHOORQKHUNQHHV
,XQGHUVWDQGKHVDLG\RXFRQIHVVEXWDFRQIHVVLRQPDGH
WRWKHMXGJHVDFRQIHVVLRQPDGHDWWKHODVWPRPHQW
H[WRUWHGZKHQWKHFULPHFDQQRWEHGHQLHGGLPLQLVKHVQRWWKH
SXQLVKPHQWLQIOLFWHGRQWKHJXLOW\
7KHSXQLVKPHQW"H[FODLPHG0DGDPHGH9LOOHIRUWWKH
SXQLVKPHQWPRQVLHXU"7ZLFH\RXKDYHSURQRXQFHGWKDWZRUG
&HUWDLQO\'LG\RXKRSHWRHVFDSHLWEHFDXVH\RXZHUHIRXU
WLPHVJXLOW\"'LG\RXWKLQNWKHSXQLVKPHQWZRXOGEHZLWKKHOG
EHFDXVH\RXDUHWKHZLIHRIKLPZKRSURQRXQFHVLW"1R
PDGDPHQRWKHVFDIIROGDZDLWVWKHSRLVRQHUZKRHYHUVKH
PD\EHXQOHVVDV,MXVWVDLGWKHSRLVRQHUKDVWDNHQWKH
SUHFDXWLRQRINHHSLQJIRUKHUVHOIDIHZGURSVRIKHU
GHDGOLHVWSRWLRQ0DGDPHGH9LOOHIRUWXWWHUHGDZLOGFU\
DQGDKLGHRXVDQGXQFRQWUROODEOHWHUURUVSUHDGRYHUKHU
GLVWRUWHGIHDWXUHV2KGRQRWIHDUWKHVFDIIROGPDGDPH
VDLGWKHPDJLVWUDWH,ZLOOQRWGLVKRQRU\RXVLQFHWKDW
ZRXOGEHGLVKRQRUWRP\VHOIQRLI\RXKDYHKHDUGPH
GLVWLQFWO\\RXZLOOXQGHUVWDQGWKDW\RXDUHQRWWRGLHRQ
WKHVFDIIROG
1R,GRQRWXQGHUVWDQGZKDWGR\RXPHDQ"VWDPPHUHGWKH
XQKDSS\ZRPDQFRPSOHWHO\RYHUZKHOPHG,PHDQWKDWWKHZLIH
RIWKHILUVWPDJLVWUDWHLQWKHFDSLWDOVKDOOQRWE\KHU
LQIDP\VRLODQXQEOHPLVKHGQDPHWKDWVKHVKDOOQRWZLWK

1315

RQHEORZGLVKRQRUKHUKXVEDQGDQGKHUFKLOG
1RQRRKQR
:HOOPDGDPHLWZLOOEHDODXGDEOHDFWLRQRQ\RXUSDUW
DQG,ZLOOWKDQN\RXIRULW
<RXZLOOWKDQNPHIRUZKDW"
)RUZKDW\RXKDYHMXVWVDLG
:KDWGLG,VD\"2KP\EUDLQZKLUOV,QRORQJHUXQGHUVWDQG
DQ\WKLQJ2KP\*RGP\*RG$QGVKHURVHZLWKKHUKDLU
GLVKHYHOOHGDQGKHUOLSVIRDPLQJ
+DYH\RXDQVZHUHGWKHTXHVWLRQ,SXWWR\RXRQHQWHULQJWKH
URRP"ZKHUHGR\RXNHHSWKHSRLVRQ\RXJHQHUDOO\XVH
PDGDPH"0DGDPHGH9LOOHIRUWUDLVHGKHUDUPVWRKHDYHQDQG
FRQYXOVLYHO\VWUXFNRQHKDQGDJDLQVWWKHRWKHU1RQR
VKHYRFLIHUDWHGQR\RXFDQQRWZLVKWKDW
:KDW,GRQRWZLVKPDGDPHLVWKDW\RXVKRXOGSHULVKRQ
WKHVFDIIROG'R\RXXQGHUVWDQG"DVNHG9LOOHIRUW
2KPHUF\PHUF\PRQVLHXU
:KDW,UHTXLUHLVWKDWMXVWLFHEHGRQH,DPRQWKHHDUWK
WRSXQLVKPDGDPHKHDGGHGZLWKDIODPLQJJODQFHDQ\
RWKHUZRPDQZHUHLWWKHTXHHQKHUVHOI,ZRXOGVHQGWRWKH
H[HFXWLRQHUEXWWR\RX,VKDOOEHPHUFLIXO7R\RX,ZLOO
VD\C+DYH\RXQRWPDGDPHSXWDVLGHVRPHRIWKHVXUHVW
GHDGOLHVWPRVWVSHHG\SRLVRQ"

2KSDUGRQPHVLUOHWPHOLYH
6KHLVFRZDUGO\VDLG9LOOHIRUW
5HIOHFWWKDW,DP\RXUZLIH
<RXDUHDSRLVRQHU
,QWKHQDPHRIKHDYHQ
1R

1316

,QWKHQDPHRIWKHORYH\RXRQFHERUHPH
1RQR
,QWKHQDPHRIRXUFKLOG$KIRUWKHVDNHRIRXUFKLOG
OHWPHOLYH
1RQRQR,WHOO\RXRQHGD\LI,DOORZ\RXWROLYH
\RXZLOOSHUKDSVNLOOKLPDV\RXKDYHWKHRWKHUV
,",NLOOP\ER\"FULHGWKHGLVWUDFWHGPRWKHUUXVKLQJ
WRZDUG9LOOHIRUW,NLOOP\VRQ"+DKDKDDQGD
IULJKWIXOGHPRQLDFODXJKILQLVKHGWKHVHQWHQFHZKLFKZDV
ORVWLQDKRDUVHUDWWOH0DGDPHGH9LOOHIRUWIHOODWKHU
KXVEDQG
VIHHW+HDSSURDFKHGKHU7KLQNRILWPDGDPHKH
VDLGLIRQP\UHWXUQMXVWLFHKLVQRWEHHQVDWLVILHG,
ZLOOGHQRXQFH\RXZLWKP\RZQPRXWKDQGDUUHVW\RXZLWKP\
RZQKDQGV6KHOLVWHQHGSDQWLQJRYHUZKHOPHGFUXVKHGKHU
H\HDORQHOLYHGDQGJODUHGKRUULEO\'R\RXXQGHUVWDQG
PH"KHVDLG,DPJRLQJGRZQWKHUHWRSURQRXQFHWKH
VHQWHQFHRIGHDWKDJDLQVWDPXUGHUHU,I,ILQG\RXDOLYHRQ
P\UHWXUQ\RXVKDOOVOHHSWRQLJKWLQWKHFRQFLHUJHULH
0DGDPHGH9LOOHIRUWVLJKHGKHUQHUYHVJDYHZD\DQGVKH
VXQNRQWKHFDUSHW7KHNLQJ
VDWWRUQH\VHHPHGWRH[SHULHQFH
DVHQVDWLRQRISLW\KHORRNHGXSRQKHUOHVVVHYHUHO\DQG
ERZLQJWRKHUVDLGVORZO\)DUHZHOOPDGDPHIDUHZHOO
7KDWIDUHZHOOVWUXFN0DGDPHGH9LOOHIRUWOLNHWKH
H[HFXWLRQHU
VNQLIH6KHIDLQWHG7KHSURFXUHXUZHQWRXW
DIWHUKDYLQJGRXEOHORFNHGWKHGRRU

&KDSWHU
7KH$VVL]HV
7KH%HQHGHWWRDIIDLUDVLWZDVFDOOHGDWWKH3DODLVDQGE\
SHRSOHLQJHQHUDOKDGSURGXFHGDWUHPHQGRXVVHQVDWLRQ
)UHTXHQWLQJWKH&DIHGH3DULVWKH%RXOHYDUGGH*DQGDQG
WKH%RLVGH%RXORJQHGXULQJKLVEULHIFDUHHURIVSOHQGRU
WKHIDOVH&DYDOFDQWLKDGIRUPHGDKRVWRIDFTXDLQWDQFHV7KH
SDSHUVKDGUHODWHGKLVYDULRXVDGYHQWXUHVERWKDVWKHPDQ
RIIDVKLRQDQGWKHJDOOH\VODYHDQGDVHYHU\RQHZKRKDG
EHHQSHUVRQDOO\DFTXDLQWHGZLWK3ULQFH$QGUHD&DYDOFDQWL

1317

H[SHULHQFHGDOLYHO\FXULRVLW\LQKLVIDWHWKH\DOO
GHWHUPLQHGWRVSDUHQRWURXEOHLQHQGHDYRULQJWRZLWQHVVWKH
WULDORI0%HQHGHWWRIRUWKHPXUGHURIKLVFRPUDGHLQ
FKDLQV,QWKHH\HVRIPDQ\%HQHGHWWRDSSHDUHGLIQRWD
YLFWLPWRDWOHDVWDQLQVWDQFHRIWKHIDOOLELOLW\RIWKH
ODZ0&DYDOFDQWLKLVIDWKHUKDGEHHQVHHQLQ3DULVDQG
LWZDVH[SHFWHGWKDWKHZRXOGUHDSSHDUWRFODLPWKH
LOOXVWULRXVRXWFDVW0DQ\DOVRZKRZHUHQRWDZDUHRIWKH
FLUFXPVWDQFHVDWWHQGLQJKLVZLWKGUDZDOIURP3DULVZHUH
VWUXFNZLWKWKHZRUWK\DSSHDUDQFHWKHJHQWOHPDQO\EHDULQJ
DQGWKHNQRZOHGJHRIWKHZRUOGGLVSOD\HGE\WKHROG
SDWULFLDQZKRFHUWDLQO\SOD\HGWKHQREOHPDQYHU\ZHOOVR
ORQJDVKHVDLGQRWKLQJDQGPDGHQRDULWKPHWLFDO
FDOFXODWLRQV$VIRUWKHDFFXVHGKLPVHOIPDQ\UHPHPEHUHG
KLPDVEHLQJVRDPLDEOHVRKDQGVRPHDQGVROLEHUDOWKDW
WKH\FKRVHWRWKLQNKLPWKHYLFWLPRIVRPHFRQVSLUDF\VLQFH
LQWKLVZRUOGODUJHIRUWXQHVIUHTXHQWO\H[FLWHWKH
PDOHYROHQFHDQGMHDORXV\RIVRPHXQNQRZQHQHP\(YHU\RQH
WKHUHIRUHUDQWRWKHFRXUWVRPHWRZLWQHVVWKHVLJKW
RWKHUVWRFRPPHQWXSRQLW)URPVHYHQR
FORFNLQWKHPRUQLQJ
DFURZGZDVVWDWLRQHGDWWKHLURQJDWHVDQGDQKRXUEHIRUH
WKHWULDOFRPPHQFHGWKHKDOOZDVIXOORIWKHSULYLOHJHG
%HIRUHWKHHQWUDQFHRIWKHPDJLVWUDWHVDQGLQGHHG
IUHTXHQWO\DIWHUZDUGVDFRXUWRIMXVWLFHRQGD\VZKHQVRPH
HVSHFLDOWULDOLVWRWDNHSODFHUHVHPEOHVDGUDZLQJURRP
ZKHUHPDQ\SHUVRQVUHFRJQL]HHDFKRWKHUDQGFRQYHUVHLIWKH\
FDQGRVRZLWKRXWORVLQJWKHLUVHDWVRULIWKH\DUH
VHSDUDWHGE\WRRJUHDWDQXPEHURIODZ\HUVFRPPXQLFDWHE\
VLJQV
,WZDVRQHRIWKHPDJQLILFHQWDXWXPQGD\VZKLFKPDNHDPHQGV
IRUDVKRUWVXPPHUWKHFORXGVZKLFK0GH9LOOHIRUWKDG
SHUFHLYHGDWVXQULVHKDGDOOGLVDSSHDUHGDVLIE\PDJLFDQG
RQHRIWKHVRIWHVWDQGPRVWEULOOLDQWGD\VRI6HSWHPEHU
VKRQHIRUWKLQDOOLWVVSOHQGRU
%HDXFKDPSRQHRIWKHNLQJVRIWKHSUHVVDQGWKHUHIRUH
FODLPLQJWKHULJKWRIDWKURQHHYHU\ZKHUHZDVH\LQJ
HYHU\ERG\WKURXJKKLVPRQRFOH+HSHUFHLYHG&KDWHDX5HQDXG
DQG'HEUD\ZKRKDGMXVWJDLQHGWKHJRRGJUDFHVRID
VHUJHDQWDWDUPVDQGZKRKDGSHUVXDGHGWKHODWWHUWROHW
WKHPVWDQGEHIRUHLQVWHDGRIEHKLQGKLPDVWKH\RXJKWWR
KDYHGRQH7KHZRUWK\VHUJHDQWKDGUHFRJQL]HGWKHPLQLVWHU
V
VHFUHWDU\DQGWKHPLOOLRQQDLUHDQGE\ZD\RISD\LQJH[WUD

1318

DWWHQWLRQWRKLVQREOHQHLJKERUVSURPLVHGWRNHHSWKHLU
SODFHVZKLOHWKH\SDLGDYLVLWWR%HDXFKDPS
:HOOVDLG%HDXFKDPSZHVKDOOVHHRXUIULHQG
<HVLQGHHGUHSOLHG'HEUD\7KDWZRUWK\SULQFH'HXFH
WDNHWKRVH,WDOLDQSULQFHV
$PDQWRRZKRFRXOGERDVWRI'DQWHIRUDJHQHDORJLVWDQG
FRXOGUHFNRQEDFNWRWKHC'LYLQH&RPHG\

$QRELOLW\RIWKHURSHVDLG&KDWHDX5HQDXG
SKOHJPDWLFDOO\
+HZLOOEHFRQGHPQHGZLOOKHQRW"DVNHG'HEUD\RI
%HDXFKDPS
0\GHDUIHOORZ,WKLQNZHVKRXOGDVN\RXWKDWTXHVWLRQ
\RXNQRZVXFKQHZVPXFKEHWWHUWKDQZHGR'LG\RXVHHWKH
SUHVLGHQWDWWKHPLQLVWHU
VODVWQLJKW"
<HV
:KDWGLGKHVD\"
6RPHWKLQJZKLFKZLOOVXUSULVH\RX
2KPDNHKDVWHDQGWHOOPHWKHQLWLVDORQJWLPHVLQFH
WKDWKDVKDSSHQHG
:HOOKHWROGPHWKDW%HQHGHWWRZKRLVFRQVLGHUHGD
VHUSHQWRIVXEWOHW\DQGDJLDQWRIFXQQLQJLVUHDOO\EXWD
YHU\FRPPRQSODFHVLOO\UDVFDODQGDOWRJHWKHUXQZRUWK\RI
WKHH[SHULPHQWVWKDWZLOOEHPDGHRQKLVSKUHQRORJLFDO
RUJDQVDIWHUKLVGHDWK
%DKVDLG%HDXFKDPSKHSOD\HGWKHSULQFHYHU\ZHOO
<HVIRU\RXZKRGHWHVWWKRVHXQKDSS\SULQFHV%HDXFKDPS
DQGDUHDOZD\VGHOLJKWHGWRILQGIDXOWZLWKWKHPEXWQRW
IRUPHZKRGLVFRYHUDJHQWOHPDQE\LQVWLQFWDQGZKRVFHQW
RXWDQDULVWRFUDWLFIDPLO\OLNHDYHU\EORRGKRXQGRI
KHUDOGU\

1319

7KHQ\RXQHYHUEHOLHYHGLQWKHSULQFLSDOLW\"
<HVLQWKHSULQFLSDOLW\EXWQRWLQWKHSULQFH
1RWVREDGVDLG%HDXFKDPSVWLOO,DVVXUH\RXKH
SDVVHGYHU\ZHOOZLWKPDQ\SHRSOH,VDZKLPDWWKH
PLQLVWHUV
KRXVHV
$K\HVVDLG&KDWHDX5HQDXG7KHLGHDRIWKLQNLQJ
PLQLVWHUVXQGHUVWDQGDQ\WKLQJDERXWSULQFHV
7KHUHLVVRPHWKLQJLQZKDW\RXKDYHMXVWVDLGVDLG
%HDXFKDPSODXJKLQJ
%XWVDLG'HEUD\WR%HDXFKDPSLI,VSRNHWRWKH
SUHVLGHQW\RXPXVWKDYHEHHQZLWKWKHSURFXUHXU
,WZDVDQLPSRVVLELOLW\IRUWKHODVWZHHN0GH9LOOHIRUW
KDVVHFOXGHGKLPVHOI,WLVQDWXUDOHQRXJKWKLVVWUDQJH
FKDLQRIGRPHVWLFDIIOLFWLRQVIROORZHGE\WKHQROHVV
VWUDQJHGHDWKRIKLVGDXJKWHU
6WUDQJH":KDWGR\RXPHDQ%HDXFKDPS"
2K\HVGR\RXSUHWHQGWKDWDOOWKLVKDVEHHQXQREVHUYHG
DWWKHPLQLVWHU
V"VDLG%HDXFKDPSSODFLQJKLVH\HJODVVLQ
KLVH\HZKHUHKHWULHGWRPDNHLWUHPDLQ
0\GHDUVLUVDLG&KDWHDX5HQDXGDOORZPHWRWHOO\RX
WKDW\RXGRQRWXQGHUVWDQGWKDWPDQRHXYUHZLWKWKHH\HJODVV
KDOIVRZHOODV'HEUD\*LYHKLPDOHVVRQ'HEUD\
6WD\VDLG%HDXFKDPSVXUHO\,DPQRWGHFHLYHG
:KDWLVLW"
,WLVVKH
:KRPGR\RXPHDQ"
7KH\VDLGVKHKDGOHIW
0DGHPRLVHOOH(XJHQLH"VDLG&KDWHDX5HQDXGKDVVKH
UHWXUQHG"

1320

1REXWKHUPRWKHU
0DGDPH'DQJODUV"1RQVHQVH,PSRVVLEOHVDLG
&KDWHDX5HQDXGRQO\WHQGD\VDIWHUWKHIOLJKWRIKHU
GDXJKWHUDQGWKUHHGD\VIURPWKHEDQNUXSWF\RIKHU
KXVEDQG"
'HEUD\FRORUHGVOLJKWO\DQGIROORZHGZLWKKLVH\HVWKH
GLUHFWLRQRI%HDXFKDPS
VJODQFH&RPHKHVDLGLWLV
RQO\DYHLOHGODG\VRPHIRUHLJQSULQFHVVSHUKDSVWKH
PRWKHURI&DYDOFDQWL%XW\RXZHUHMXVWVSHDNLQJRQDYHU\
LQWHUHVWLQJWRSLF%HDXFKDPS
,"
<HV\RXZHUHWHOOLQJXVDERXWWKHH[WUDRUGLQDU\GHDWKRI
9DOHQWLQH
$K\HVVR,ZDV%XWKRZLVLWWKDW0DGDPHGH9LOOHIRUW
LVQRWKHUH"
3RRUGHDUZRPDQVDLG'HEUD\VKHLVQRGRXEWRFFXSLHG
LQGLVWLOOLQJEDOPIRUWKHKRVSLWDOVRULQPDNLQJFRVPHWLFV
IRUKHUVHOIRUIULHQGV'R\RXNQRZVKHVSHQGVWZRRUWKUHH
WKRXVDQGFURZQVD\HDULQWKLVDPXVHPHQW"%XW,ZRQGHUVKH
LVQRWKHUH,VKRXOGKDYHEHHQSOHDVHGWRVHHKHUIRU,
OLNHKHUYHU\PXFK
$QG,KDWHKHUVDLG&KDWHDX5HQDXG
:K\"
,GRQRWNQRZ:K\GRZHORYH":K\GRZHKDWH",GHWHVW
KHUIURPDQWLSDWK\
2UUDWKHUE\LQVWLQFW
3HUKDSVVR%XWWRUHWXUQWRZKDW\RXZHUHVD\LQJ
%HDXFKDPS
:HOOGR\RXNQRZZK\WKH\GLHVRPXOWLWXGLQRXVO\DW0GH
9LOOHIRUW
V"

1321

C0XOWLWXGLQRXVO\
>GUY@LVJRRGVDLG&KDWHDX5HQDXG
0\JRRGIHOORZ\RX
OOILQGWKHZRUGLQ6DLQW6LPRQ
%XWWKHWKLQJLWVHOILVDW0GH9LOOHIRUW
VEXWOHW
VJHW
EDFNWRWKHVXEMHFW
7DONLQJRIWKDWVDLG'HEUD\0DGDPHZDVPDNLQJLQTXLULHV
DERXWWKDWKRXVHZKLFKIRUWKHODVWWKUHHPRQWKVKDVEHHQ
KXQJZLWKEODFN
:KRLV0DGDPH"DVNHG&KDWHDX5HQDXG
7KHPLQLVWHU
VZLIHSDUGLHX
2K\RXUSDUGRQ,QHYHUYLVLWPLQLVWHUV,OHDYHWKDWWR
WKHSULQFHV
5HDOO\<RXZHUHRQO\EHIRUHVSDUNOLQJEXWQRZ\RXDUH
EULOOLDQWWDNHFRPSDVVLRQRQXVRUOLNH-XSLWHU\RXZLOO
ZLWKHUXVXS
,ZLOOQRWVSHDNDJDLQVDLG&KDWHDX5HQDXGSUD\KDYH
FRPSDVVLRQXSRQPHDQGGRQRWWDNHXSHYHU\ZRUG,VD\
&RPHOHWXVHQGHDYRUWRJHWWRWKHHQGRIRXUVWRU\
%HDXFKDPS,WROG\RXWKDW\HVWHUGD\0DGDPHPDGHLQTXLULHV
RIPHXSRQWKHVXEMHFWHQOLJKWHQPHDQG,ZLOOWKHQ
FRPPXQLFDWHP\LQIRUPDWLRQWRKHU
:HOOJHQWOHPHQWKHUHDVRQSHRSOHGLHVRPXOWLWXGLQRXVO\
,OLNHWKHZRUG DW0GH9LOOHIRUW
VLVWKDWWKHUHLVDQ
DVVDVVLQLQWKHKRXVH7KHWZR\RXQJPHQVKXGGHUHGIRUWKH
VDPHLGHDKDGPRUHWKDQRQFHRFFXUUHGWRWKHP$QGZKRLV
WKHDVVDVVLQWKH\DVNHGWRJHWKHU
<RXQJ(GZDUG$EXUVWRIODXJKWHUIURPWKHDXGLWRUVGLG
QRWLQWKHOHDVWGLVFRQFHUWWKHVSHDNHUZKRFRQWLQXHG
<HVJHQWOHPHQ(GZDUGWKHLQIDQWSKHQRPHQRQZKRLVTXLWH
DQDGHSWLQWKHDUWRINLOOLQJ
<RXDUHMHVWLQJ
1RWDWDOO,\HVWHUGD\HQJDJHGDVHUYDQWZKRKDGMXVW

1322

OHIW0GH9LOOHIRUW,LQWHQGVHQGLQJKLPDZD\WRPRUURZ
IRUKHHDWVVRHQRUPRXVO\WRPDNHXSIRUWKHIDVWLPSRVHG
XSRQKLPE\KLVWHUURULQWKDWKRXVH:HOOQRZOLVWHQ
:HDUHOLVWHQLQJ
,WDSSHDUVWKHGHDUFKLOGKDVREWDLQHGSRVVHVVLRQRID
ERWWOHFRQWDLQLQJVRPHGUXJZKLFKKHHYHU\QRZDQGWKHQ
XVHVDJDLQVWWKRVHZKRKDYHGLVSOHDVHGKLP)LUVW0DQG
0DGDPHGH6DLQW0HUDQLQFXUUHGKLVGLVSOHDVXUHVRKHSRXUHG
RXWWKUHHGURSVRIKLVHOL[LUWKUHHGURSVZHUH
VXIILFLHQWWKHQIROORZHG%DUURLVWKHROGVHUYDQWRI0
1RLUWLHUZKRVRPHWLPHVUHEXIIHGWKLVOLWWOHZUHWFKKH
WKHUHIRUHUHFHLYHGWKHVDPHTXDQWLW\RIWKHHOL[LUWKHVDPH
KDSSHQHGWR9DOHQWLQHRIZKRPKHZDVMHDORXVKHJDYHKHU
WKHVDPHGRVHDVWKHRWKHUVDQGDOOZDVRYHUIRUKHUDV
ZHOODVWKHUHVW
:K\ZKDWQRQVHQVHDUH\RXWHOOLQJXV"VDLG
&KDWHDX5HQDXG
<HVLWLVDQH[WUDRUGLQDU\VWRU\VDLG%HDXFKDPSLVLW
QRW"
,WLVDEVXUGVDLG'HEUD\
$KVDLG%HDXFKDPS\RXGRXEWPH":HOO\RXFDQDVNP\
VHUYDQWRUUDWKHUKLPZKRZLOOQRORQJHUEHP\VHUYDQW
WRPRUURZLWZDVWKHWDONRIWKHKRXVH
$QGWKLVHOL[LUZKHUHLVLW"ZKDWLVLW"
7KHFKLOGFRQFHDOVLW
%XWZKHUHGLGKHILQGLW"
,QKLVPRWKHU
VODERUDWRU\
'RHVKLVPRWKHUWKHQNHHSSRLVRQVLQKHUODERUDWRU\"
+RZFDQ,WHOO"<RXDUHTXHVWLRQLQJPHOLNHDNLQJ
V
DWWRUQH\,RQO\UHSHDWZKDW,KDYHEHHQWROGDQGOLNHP\
LQIRUPDQW,FDQGRQRPRUH7KHSRRUGHYLOZRXOGHDW
QRWKLQJIURPIHDU

1323

,WLVLQFUHGLEOH
1RP\GHDUIHOORZLWLVQRWDWDOOLQFUHGLEOH<RXVDZ
WKHFKLOGSDVVWKURXJKWKH5XH5LFKHOLHXODVW\HDUZKR
DPXVHGKLPVHOIZLWKNLOOLQJKLVEURWKHUVDQGVLVWHUVE\
VWLFNLQJSLQVLQWKHLUHDUVZKLOHWKH\VOHSW7KHJHQHUDWLRQ
ZKRIROORZXVDUHYHU\SUHFRFLRXV
&RPH%HDXFKDPSVDLG&KDWHDX5HQDXG,ZLOOEHWDQ\WKLQJ
\RXGRQRWEHOLHYHDZRUGRIDOO\RXKDYHEHHQWHOOLQJXV
,GRQRWVHHWKH&RXQWRI0RQWH&ULVWRKHUH
+HLVZRUQRXWVDLG'HEUD\EHVLGHVKHFRXOGQRWZHOO
DSSHDULQSXEOLFVLQFHKHKDVEHHQWKHGXSHRIWKH
&DYDOFDQWLZKRLWDSSHDUVSUHVHQWHGWKHPVHOYHVWRKLP
ZLWKIDOVHOHWWHUVRIFUHGLWDQGFKHDWHGKLPRXWRI
IUDQFVXSRQWKHK\SRWKHVLVRIWKLVSULQFLSDOLW\
%\WKHZD\0GH&KDWHDX5HQDXGDVNHG%HDXFKDPSKRZLV
0RUUHO"
0DIRL,KDYHFDOOHGWKUHHWLPHVZLWKRXWRQFHVHHLQJKLP
6WLOOKLVVLVWHUGLGQRWVHHPXQHDV\DQGWROGPHWKDW
WKRXJKVKHKDGQRWVHHQKLPIRUWZRRUWKUHHGD\VVKHZDV
VXUHKHZDVZHOO
$KQRZ,WKLQNRILWWKH&RXQWRI0RQWH&ULVWRFDQQRW
DSSHDULQWKHKDOOVDLG%HDXFKDPS
:K\QRW"
%HFDXVHKHLVDQDFWRULQWKHGUDPD
+DVKHDVVDVVLQDWHGDQ\RQHWKHQ"
1RRQWKHFRQWUDU\WKH\ZLVKHGWRDVVDVVLQDWHKLP<RX
NQRZWKDWLWZDVLQOHDYLQJKLVKRXVHWKDW0GH&DGHURXVVH
ZDVPXUGHUHGE\KLVIULHQG%HQHGHWWR<RXNQRZWKDWWKH
IDPRXVZDLVWFRDWZDVIRXQGLQKLVKRXVHFRQWDLQLQJWKH
OHWWHUZKLFKVWRSSHGWKHVLJQDWXUHRIWKHPDUULDJHFRQWUDFW
'R\RXVHHWKHZDLVWFRDW"7KHUHLWLVDOOEORRGVWDLQHGRQ
WKHGHVNDVDWHVWLPRQ\RIWKHFULPH

1324

$KYHU\JRRG
+XVKJHQWOHPHQKHUHLVWKHFRXUWOHWXVJREDFNWRRXU
SODFHV$QRLVHZDVKHDUGLQWKHKDOOWKHVHUJHDQWFDOOHG
KLVWZRSDWURQVZLWKDQHQHUJHWLFKHPDQGWKHGRRUNHHSHU
DSSHDULQJFDOOHGRXWZLWKWKDWVKULOOYRLFHSHFXOLDUWRKLV
RUGHUHYHUVLQFHWKHGD\VRI%HDXPDUFKDLV7KHFRXUW
JHQWOHPHQ

&KDSWHU
7KH,QGLFWPHQW
7KHMXGJHVWRRNWKHLUSODFHVLQWKHPLGVWRIWKHPRVW
SURIRXQGVLOHQFHWKHMXU\WRRNWKHLUVHDWV0GH
9LOOHIRUWWKHREMHFWRIXQXVXDODWWHQWLRQDQGZHKDG
DOPRVWVDLGRIJHQHUDODGPLUDWLRQVDWLQWKHDUPFKDLUDQG
FDVWDWUDQTXLOJODQFHDURXQGKLP(YHU\RQHORRNHGZLWK
DVWRQLVKPHQWRQWKDWJUDYHDQGVHYHUHIDFHZKRVHFDOP
H[SUHVVLRQSHUVRQDOJULHIVKDGEHHQXQDEOHWRGLVWXUEDQG
WKHDVSHFWRIDPDQZKRZDVDVWUDQJHUWRDOOKXPDQHPRWLRQV
H[FLWHGVRPHWKLQJYHU\OLNHWHUURU
*HQGDUPHVVDLGWKHSUHVLGHQWOHDGLQWKHDFFXVHG
$WWKHVHZRUGVWKHSXEOLFDWWHQWLRQEHFDPHPRUHLQWHQVHDQG
DOOH\HVZHUHWXUQHGWRZDUGVWKHGRRUWKURXJKZKLFK
%HQHGHWWRZDVWRHQWHU7KHGRRUVRRQRSHQHGDQGWKHDFFXVHG
DSSHDUHG7KHVDPHLPSUHVVLRQZDVH[SHULHQFHGE\DOO
SUHVHQWDQGQRRQHZDVGHFHLYHGE\WKHH[SUHVVLRQRIKLV
FRXQWHQDQFH+LVIHDWXUHVERUHQRVLJQRIWKDWGHHSHPRWLRQ
ZKLFKVWRSVWKHEHDWLQJRIWKHKHDUWDQGEODQFKHVWKHFKHHN
+LVKDQGVJUDFHIXOO\SODFHGRQHXSRQKLVKDWWKHRWKHULQ
WKHRSHQLQJRIKLVZKLWHZDLVWFRDWZHUHQRWDWDOO
WUHPXORXVKLVH\HZDVFDOPDQGHYHQEULOOLDQW6FDUFHO\KDG
KHHQWHUHGWKHKDOOZKHQKHJODQFHGDWWKHZKROHERG\RI
PDJLVWUDWHVDQGDVVLVWDQWVKLVH\HUHVWHGORQJHURQWKH
SUHVLGHQWDQGVWLOOPRUHVRRQWKHNLQJ
VDWWRUQH\%\WKH
VLGHRI$QGUHDZDVVWDWLRQHGWKHODZ\HUZKRZDVWRFRQGXFW
KLVGHIHQFHDQGZKRKDGEHHQDSSRLQWHGE\WKHFRXUWIRU
$QGUHDGLVGDLQHGWRSD\DQ\DWWHQWLRQWRWKRVHGHWDLOVWR
ZKLFKKHDSSHDUHGWRDWWDFKQRLPSRUWDQFH7KHODZ\HUZDVD

1325

\RXQJPDQZLWKOLJKWKDLUZKRVHIDFHH[SUHVVHGDKXQGUHG
WLPHVPRUHHPRWLRQWKDQWKDWZKLFKFKDUDFWHUL]HGWKH
SULVRQHU
7KHSUHVLGHQWFDOOHGIRUWKHLQGLFWPHQWUHYLVHGDVZHNQRZ
E\WKHFOHYHUDQGLPSODFDEOHSHQRI9LOOHIRUW'XULQJWKH
UHDGLQJRIWKLVZKLFKZDVORQJWKHSXEOLFDWWHQWLRQZDV
FRQWLQXDOO\GUDZQWRZDUGV$QGUHDZKRERUHWKHLQVSHFWLRQ
ZLWK6SDUWDQXQFRQFHUQ9LOOHIRUWKDGQHYHUEHHQVRFRQFLVH
DQGHORTXHQW7KHFULPHZDVGHSLFWHGLQWKHPRVWYLYLG
FRORUVWKHIRUPHUOLIHRIWKHSULVRQHUKLVWUDQVIRUPDWLRQ
DUHYLHZRIKLVOLIHIURPWKHHDUOLHVWSHULRGZHUHVHW
IRUWKZLWKDOOWKHWDOHQWWKDWDNQRZOHGJHRIKXPDQOLIH
FRXOGIXUQLVKWRDPLQGOLNHWKDWRIWKHSURFXUHXU
%HQHGHWWRZDVWKXVIRUHYHUFRQGHPQHGLQSXEOLFRSLQLRQ
EHIRUHWKHVHQWHQFHRIWKHODZFRXOGEHSURQRXQFHG$QGUHD
SDLGQRDWWHQWLRQWRWKHVXFFHVVLYHFKDUJHVZKLFKZHUH
EURXJKWDJDLQVWKLP0GH9LOOHIRUWZKRH[DPLQHGKLP
DWWHQWLYHO\DQGZKRQRGRXEWSUDFWLFHGXSRQKLPDOOWKH
SV\FKRORJLFDOVWXGLHVKHZDVDFFXVWRPHGWRXVHLQYDLQ
HQGHDYRUHGWRPDNHKLPORZHUKLVH\HVQRWZLWKVWDQGLQJWKH
GHSWKDQGSURIXQGLW\RIKLVJD]H$WOHQJWKWKHUHDGLQJRI
WKHLQGLFWPHQWZDVHQGHG
$FFXVHGVDLGWKHSUHVLGHQW\RXUQDPHDQGVXUQDPH"
$QGUHDDURVH([FXVHPH0U3UHVLGHQWKHVDLGLQD
FOHDUYRLFHEXW,VHH\RXDUHJRLQJWRDGRSWDFRXUVHRI
TXHVWLRQVWKURXJKZKLFK,FDQQRWIROORZ\RX,KDYHDQLGHD
ZKLFK,ZLOOH[SODLQE\DQGE\RIPDNLQJDQH[FHSWLRQWR
WKHXVXDOIRUPRIDFFXVDWLRQ$OORZPHWKHQLI\RXSOHDVH
WRDQVZHULQGLIIHUHQWRUGHURU,ZLOOQRWGRVRDWDOO
7KHDVWRQLVKHGSUHVLGHQWORRNHGDWWKHMXU\ZKRLQWXUQ
ORRNHGDW9LOOHIRUW7KHZKROHDVVHPEO\PDQLIHVWHGJUHDW
VXUSULVHEXW$QGUHDDSSHDUHGTXLWHXQPRYHG<RXUDJH"
VDLGWKHSUHVLGHQWZLOO\RXDQVZHUWKDWTXHVWLRQ"
,ZLOODQVZHUWKDWTXHVWLRQDVZHOODVWKHUHVW0U
3UHVLGHQWEXWLQLWVWXUQ
<RXUDJH"UHSHDWHGWKHSUHVLGHQW
,DPWZHQW\RQH\HDUVROGRUUDWKHU,VKDOOEHLQDIHZ
GD\VDV,ZDVERUQWKHQLJKWRIWKHWKRI6HSWHPEHU
0GH9LOOHIRUWZKRZDVEXV\WDNLQJGRZQVRPHQRWHV

1326

UDLVHGKLVKHDGDWWKHPHQWLRQRIWKLVGDWH:KHUHZHUH\RX
ERUQ"FRQWLQXHGWKHSUHVLGHQW
$W$XWHXLOQHDU3DULV0GH9LOOHIRUWDVHFRQGWLPH
UDLVHGKLVKHDGORRNHGDW%HQHGHWWRDVLIKHKDGEHHQ
JD]LQJDWWKHKHDGRI0HGXVDDQGEHFDPHOLYLG$VIRU
%HQHGHWWRKHJUDFHIXOO\ZLSHGKLVOLSVZLWKDILQHFDPEULF
SRFNHWKDQGNHUFKLHI<RXUSURIHVVLRQ"
)LUVW,ZDVDIRUJHUDQVZHUHG$QGUHDDVFDOPO\DV
SRVVLEOHWKHQ,EHFDPHDWKLHIDQGODWHO\KDYHEHFRPHDQ
DVVDVVLQ$PXUPXURUUDWKHUVWRUPRILQGLJQDWLRQEXUVW
IURPDOOSDUWVRIWKHDVVHPEO\7KHMXGJHVWKHPVHOYHV
DSSHDUHGWREHVWXSHILHGDQGWKHMXU\PDQLIHVWHGWRNHQVRI
GLVJXVWIRUF\QLFLVPVRXQH[SHFWHGLQDPDQRIIDVKLRQ0
GH9LOOHIRUWSUHVVHGKLVKDQGXSRQKLVEURZZKLFKDWILUVW
SDOHKDGEHFRPHUHGDQGEXUQLQJWKHQKHVXGGHQO\DURVHDQG
ORRNHGDURXQGDVWKRXJKKHKDGORVWKLVVHQVHVKHZDQWHG
DLU
$UH\RXORRNLQJIRUDQ\WKLQJ0U3URFXUHXU"DVNHG
%HQHGHWWRZLWKKLVPRVWLQJUDWLDWLQJVPLOH0GH9LOOHIRUW
DQVZHUHGQRWKLQJEXWVDWRUUDWKHUWKUHZKLPVHOIGRZQ
DJDLQXSRQKLVFKDLU$QGQRZSULVRQHUZLOO\RXFRQVHQW
WRWHOO\RXUQDPH"VDLGWKHSUHVLGHQW7KHEUXWDO
DIIHFWDWLRQZLWKZKLFK\RXKDYHHQXPHUDWHGDQGFODVVLILHG
\RXUFULPHVFDOOVIRUDVHYHUHUHSULPDQGRQWKHSDUWRIWKH
FRXUWERWKLQWKHQDPHRIPRUDOLW\DQGIRUWKHUHVSHFWGXH
WRKXPDQLW\<RXDSSHDUWRFRQVLGHUWKLVDSRLQWRIKRQRU
DQGLWPD\EHIRUWKLVUHDVRQWKDW\RXKDYHGHOD\HG
DFNQRZOHGJLQJ\RXUQDPH<RXZLVKHGLWWREHSUHFHGHGE\DOO
WKHVHWLWOHV
,WLVTXLWHZRQGHUIXO0U3UHVLGHQWKRZHQWLUHO\\RXKDYH
UHDGP\WKRXJKWVVDLG%HQHGHWWRLQKLVVRIWHVWYRLFHDQG
PRVWSROLWHPDQQHU7KLVLVLQGHHGWKHUHDVRQZK\,
EHJJHG\RXWRDOWHUWKHRUGHURIWKHTXHVWLRQV7KHSXEOLF
DVWRQLVKPHQWKDGUHDFKHGLWVKHLJKW7KHUHZDVQRORQJHUDQ\
GHFHLWRUEUDYDGRLQWKHPDQQHURIWKHDFFXVHG7KHDXGLHQFH
IHOWWKDWDVWDUWOLQJUHYHODWLRQZDVWRIROORZWKLVRPLQRXV
SUHOXGH
:HOOVDLGWKHSUHVLGHQW\RXUQDPH"

1327

,FDQQRWWHOO\RXP\QDPHVLQFH,GRQRWNQRZLWEXW,
NQRZP\IDWKHU
VDQGFDQWHOOLWWR\RX
$SDLQIXOJLGGLQHVVRYHUZKHOPHG9LOOHIRUWJUHDWGURSVRI
DFULGVZHDWIHOOIURPKLVIDFHXSRQWKHSDSHUVZKLFKKHKHOG
LQKLVFRQYXOVHGKDQG
5HSHDW\RXUIDWKHU
VQDPHVDLGWKHSUHVLGHQW1RWD
ZKLVSHUQRWDEUHDWKZDVKHDUGLQWKDWYDVWDVVHPEO\
HYHU\RQHZDLWHGDQ[LRXVO\
0\IDWKHULVNLQJ
VDWWRUQH\UHSOLHG$QGUHDFDOPO\
.LQJ
VDWWRUQH\"VDLGWKHSUHVLGHQWVWXSHILHGDQG
ZLWKRXWQRWLFLQJWKHDJLWDWLRQZKLFKVSUHDGRYHUWKHIDFHRI
0GH9LOOHIRUWNLQJ
VDWWRUQH\"
<HVDQGLI\RXZLVKWRNQRZKLVQDPH,ZLOOWHOOLW
KHLVQDPHG9LOOHIRUW7KHH[SORVLRQZKLFKKDGEHHQVR
ORQJUHVWUDLQHGIURPDIHHOLQJRIUHVSHFWWRWKHFRXUWRI
MXVWLFHQRZEXUVWIRUWKOLNHWKXQGHUIURPWKHEUHDVWVRI
DOOSUHVHQWWKHFRXUWLWVHOIGLGQRWVHHNWRUHVWUDLQWKH
IHHOLQJVRIWKHDXGLHQFH7KHH[FODPDWLRQVWKHLQVXOWV
DGGUHVVHGWR%HQHGHWWRZKRUHPDLQHGSHUIHFWO\XQFRQFHUQHG
WKHHQHUJHWLFJHVWXUHVWKHPRYHPHQWRIWKHJHQGDUPHVWKH
VQHHUVRIWKHVFXPRIWKHFURZGDOZD\VVXUHWRULVHWRWKH
VXUIDFHLQFDVHRIDQ\GLVWXUEDQFHDOOWKLVODVWHGILYH
PLQXWHVEHIRUHWKHGRRUNHHSHUVDQGPDJLVWUDWHVZHUHDEOH
WRUHVWRUHVLOHQFH,QWKHPLGVWRIWKLVWXPXOWWKHYRLFHRI
WKHSUHVLGHQWZDVKHDUGWRH[FODLP$UH\RXSOD\LQJZLWK
MXVWLFHDFFXVHGDQGGR\RXGDUHVHW\RXUIHOORZFLWL]HQV
DQH[DPSOHRIGLVRUGHUZKLFKHYHQLQWKHVHWLPHVKLVQHYHU
EHHQHTXDOOHG"
6HYHUDOSHUVRQVKXUULHGXSWR0GH9LOOHIRUWZKRVDWKDOI
ERZHGRYHULQKLVFKDLURIIHULQJKLPFRQVRODWLRQ
HQFRXUDJHPHQWDQGSURWHVWDWLRQVRI]HDODQGV\PSDWK\2UGHU
ZDVUHHVWDEOLVKHGLQWKHKDOOH[FHSWWKDWDIHZSHRSOH
VWLOOPRYHGDERXWDQGZKLVSHUHGWRRQHDQRWKHU$ODG\LW
ZDVVDLGKDGMXVWIDLQWHGWKH\KDGVXSSOLHGKHUZLWKD
VPHOOLQJERWWOHDQGVKHKDGUHFRYHUHG'XULQJWKHVFHQHRI
WXPXOW$QGUHDKDGWXUQHGKLVVPLOLQJIDFHWRZDUGVWKH
DVVHPEO\WKHQOHDQLQJZLWKRQHKDQGRQWKHRDNHQUDLORI
WKHGRFNLQWKHPRVWJUDFHIXODWWLWXGHSRVVLEOHKHVDLG

1328

*HQWOHPHQ,DVVXUH\RX,KDGQRLGHDRILQVXOWLQJWKH
FRXUWRURIPDNLQJDXVHOHVVGLVWXUEDQFHLQWKHSUHVHQFHRI
WKLVKRQRUDEOHDVVHPEO\7KH\DVNP\DJH,WHOOLW7KH\
DVNZKHUH,ZDVERUQ,DQVZHU7KH\DVNP\QDPH,FDQQRW
JLYHLWVLQFHP\SDUHQWVDEDQGRQHGPH%XWWKRXJK,FDQQRW
JLYHP\RZQQDPHQRWSRVVHVVLQJRQH,FDQWHOOWKHPP\
IDWKHU
V1RZ,UHSHDWP\IDWKHULVQDPHG0GH9LOOHIRUW
DQG,DPUHDG\WRSURYHLW
7KHUHZDVDQHQHUJ\DFRQYLFWLRQDQGDVLQFHULW\LQWKH
PDQQHURIWKH\RXQJPDQZKLFKVLOHQFHGWKHWXPXOW$OOH\HV
ZHUHWXUQHGIRUDPRPHQWWRZDUGVWKHSURFXUHXUZKRVDWDV
PRWLRQOHVVDVWKRXJKDWKXQGHUEROWKDGFKDQJHGKLPLQWRD
FRUSVH*HQWOHPHQVDLG$QGUHDFRPPDQGLQJVLOHQFHE\KLV
YRLFHDQGPDQQHU,RZH\RXWKHSURRIVDQGH[SODQDWLRQVRI
ZKDW,KDYHVDLG
%XWVDLGWKHLUULWDWHGSUHVLGHQW\RXFDOOHG\RXUVHOI
%HQHGHWWRGHFODUHG\RXUVHOIDQRUSKDQDQGFODLPHG&RUVLFD
DV\RXUFRXQWU\
,VDLGDQ\WKLQJ,SOHDVHGLQRUGHUWKDWWKHVROHPQ
GHFODUDWLRQ,KDYHMXVWPDGHVKRXOGQRWEHZLWKKHOGZKLFK
RWKHUZLVHZRXOGFHUWDLQO\KDYHEHHQWKHFDVH,QRZUHSHDW
WKDW,ZDVERUQDW$XWHXLORQWKHQLJKWRIWKHWKRI
6HSWHPEHUDQGWKDW,DPWKHVRQRIWKHSURFXUHXU0
GH9LOOHIRUW'R\RXZLVKIRUDQ\IXUWKHUGHWDLOV",ZLOO
JLYHWKHP,ZDVERUQLQ1R5XHGHOD)RQWDLQHLQD
URRPKXQJZLWKUHGGDPDVNP\IDWKHUWRRNPHLQKLVDUPV
WHOOLQJP\PRWKHU,ZDVGHDGZUDSSHGPHLQDQDSNLQPDUNHG
ZLWKDQ+DQGDQ1DQGFDUULHGPHLQWRDJDUGHQZKHUHKH
EXULHGPHDOLYH
$VKXGGHUUDQWKURXJKWKHDVVHPEO\ZKHQWKH\VDZWKDWWKH
FRQILGHQFHRIWKHSULVRQHULQFUHDVHGLQSURSRUWLRQWRWKH
WHUURURI0GH9LOOHIRUW%XWKRZKDYH\RXEHFRPH
DFTXDLQWHGZLWKDOOWKHVHGHWDLOV"DVNHGWKHSUHVLGHQW
,ZLOOWHOO\RX0U3UHVLGHQW$PDQZKRKDGVZRUQ
YHQJHDQFHDJDLQVWP\IDWKHUDQGKDGORQJZDWFKHGKLV
RSSRUWXQLW\WRNLOOKLPKDGLQWURGXFHGKLPVHOIWKDWQLJKW
LQWRWKHJDUGHQLQZKLFKP\IDWKHUEXULHGPH+HZDV
FRQFHDOHGLQDWKLFNHWKHVDZP\IDWKHUEXU\VRPHWKLQJLQ
WKHJURXQGDQGVWDEEHGKLPWKHQWKLQNLQJWKHGHSRVLWPLJKW

1329

FRQWDLQVRPHWUHDVXUHKHWXUQHGXSWKHJURXQGDQGIRXQGPH
VWLOOOLYLQJ7KHPDQFDUULHGPHWRWKHIRXQGOLQJDV\OXP
ZKHUH,ZDVUHJLVWHUHGXQGHUWKHQXPEHU7KUHHPRQWKV
DIWHUZDUGVDZRPDQWUDYHOOHGIURP5RJOLDQRWR3DULVWR
IHWFKPHDQGKDYLQJFODLPHGPHDVKHUVRQFDUULHGPHDZD\
7KXV\RXVHHWKRXJKERUQLQ3DULV,ZDVEURXJKWXSLQ
&RUVLFD
7KHUHZDVDPRPHQW
VVLOHQFHGXULQJZKLFKRQHFRXOGKDYH
IDQFLHGWKHKDOOHPSW\VRSURIRXQGZDVWKHVWLOOQHVV
3URFHHGVDLGWKHSUHVLGHQW
&HUWDLQO\,PLJKWKDYHOLYHGKDSSLO\DPRQJVWWKRVHJRRG
SHRSOHZKRDGRUHGPHEXWP\SHUYHUVHGLVSRVLWLRQSUHYDLOHG
RYHUWKHYLUWXHVZKLFKP\DGRSWHGPRWKHUHQGHDYRUHGWR
LQVWLOLQWRP\KHDUW,LQFUHDVHGLQZLFNHGQHVVWLOO,
FRPPLWWHGFULPH2QHGD\ZKHQ,FXUVHGSURYLGHQFHIRUPDNLQJ
PHVRZLFNHGDQGRUGDLQLQJPHWRVXFKDIDWHP\DGRSWHG
IDWKHUVDLGWRPHC'RQRWEODVSKHPHXQKDSS\FKLOGWKH
FULPHLVWKDWRI\RXUIDWKHUQRW\RXUVRI\RXUIDWKHU
ZKRFRQVLJQHG\RXWRKHOOLI\RXGLHGDQGWRPLVHU\LID
PLUDFOHSUHVHUYHG\RXDOLYH
$IWHUWKDW,FHDVHGWR
EODVSKHPHEXW,FXUVHGP\IDWKHU7KDWLVZK\,KDYH
XWWHUHGWKHZRUGVIRUZKLFK\RXEODPHPHWKDWLVZK\,KDYH
ILOOHGWKLVZKROHDVVHPEO\ZLWKKRUURU,I,KDYHFRPPLWWHG
DQDGGLWLRQDOFULPHSXQLVKPHEXWLI\RXZLOODOORZWKDW
HYHUVLQFHWKHGD\RIP\ELUWKP\IDWHKDVEHHQVDGELWWHU
DQGODPHQWDEOHWKHQSLW\PH
%XW\RXUPRWKHU"DVNHGWKHSUHVLGHQW
0\PRWKHUWKRXJKWPHGHDGVKHLVQRWJXLOW\,GLGQRW
HYHQZLVKWRNQRZKHUQDPHQRUGR,NQRZLW-XVWWKHQD
SLHUFLQJFU\HQGLQJLQDVREEXUVWIURPWKHFHQWUHRIWKH
FURZGZKRHQFLUFOHGWKHODG\ZKRKDGEHIRUHIDLQWHGDQG
ZKRQRZIHOOLQWRDYLROHQWILWRIK\VWHULFV6KHZDV
FDUULHGRXWRIWKHKDOOWKHWKLFNYHLOZKLFKFRQFHDOHGKHU
IDFHGURSSHGRIIDQG0DGDPH'DQJODUVZDVUHFRJQL]HG
1RWZLWKVWDQGLQJKLVVKDWWHUHGQHUYHVWKHULQJLQJVHQVDWLRQ
LQKLVHDUVDQGWKHPDGQHVVZKLFKWXUQHGKLVEUDLQ
9LOOHIRUWURVHDVKHSHUFHLYHGKHU7KHSURRIVWKH
SURRIVVDLGWKHSUHVLGHQWUHPHPEHUWKLVWLVVXHRI
KRUURUVPXVWEHVXSSRUWHGE\WKHFOHDUHVWSURRIV

1330

7KHSURRIV"VDLG%HQHGHWWRODXJKLQJGR\RXZDQW
SURRIV"
<HV
:HOOWKHQORRNDW0GH9LOOHIRUWDQGWKHQDVNPHIRU
SURRIV
(YHU\RQHWXUQHGWRZDUGVWKHSURFXUHXUZKRXQDEOHWREHDU
WKHXQLYHUVDOJD]HQRZULYHWHGRQKLPDORQHDGYDQFHG
VWDJJHULQJLQWRWKHPLGVWRIWKHWULEXQDOZLWKKLVKDLU
GLVKHYHOOHGDQGKLVIDFHLQGHQWHGZLWKWKHPDUNRIKLV
QDLOV7KHZKROHDVVHPEO\XWWHUHGDORQJPXUPXURI
DVWRQLVKPHQW)DWKHUVDLG%HQHGHWWR,DPDVNHGIRU
SURRIVGR\RXZLVKPHWRJLYHWKHP"
1RQRLWLVXVHOHVVVWDPPHUHG0GH9LOOHIRUWLQD
KRDUVHYRLFHQRLWLVXVHOHVV
+RZXVHOHVV"FULHGWKHSUHVLGHQWZKDWGR\RXPHDQ"
,PHDQWKDW,IHHOLWLPSRVVLEOHWRVWUXJJOHDJDLQVWWKLV
GHDGO\ZHLJKWZKLFKFUXVKHVPH*HQWOHPHQ,NQRZ,DPLQ
WKHKDQGVRIDQDYHQJLQJ*RG:HQHHGQRSURRIVHYHU\WKLQJ
UHODWLQJWRWKLV\RXQJPDQLVWUXH$GXOOJORRP\VLOHQFH
OLNHWKDWZKLFKSUHFHGHVVRPHDZIXOSKHQRPHQRQRIQDWXUH
SHUYDGHGWKHDVVHPEO\ZKRVKXGGHUHGLQGLVPD\:KDW0GH
9LOOHIRUWFULHGWKHSUHVLGHQWGR\RX\LHOGWRDQ
KDOOXFLQDWLRQ":KDWDUH\RXQRORQJHULQSRVVHVVLRQRI\RXU
VHQVHV"7KLVVWUDQJHXQH[SHFWHGWHUULEOHDFFXVDWLRQKDV
GLVRUGHUHG\RXUUHDVRQ&RPHUHFRYHU
7KHSURFXUHXUGURSSHGKLVKHDGKLVWHHWKFKDWWHUHGOLNH
WKRVHRIDPDQXQGHUDYLROHQWDWWDFNRIIHYHUDQG\HWKH
ZDVGHDGO\SDOH
,DPLQSRVVHVVLRQRIDOOP\VHQVHVVLUKHVDLGP\
ERG\DORQHVXIIHUVDV\RXPD\VXSSRVH,DFNQRZOHGJHP\VHOI
JXLOW\RIDOOWKH\RXQJPDQKDVEURXJKWDJDLQVWPHDQGIURP
WKLVKRXUKROGP\VHOIXQGHUWKHDXWKRULW\RIWKHSURFXUHXU
ZKRZLOOVXFFHHGPH
$QGDVKHVSRNHWKHVHZRUGVZLWKDKRDUVHFKRNLQJYRLFHKH
VWDJJHUHGWRZDUGVWKHGRRUZKLFKZDVPHFKDQLFDOO\RSHQHGE\

1331

DGRRUNHHSHU7KHZKROHDVVHPEO\ZHUHGXPEZLWK
DVWRQLVKPHQWDWWKHUHYHODWLRQDQGFRQIHVVLRQZKLFKKDG
SURGXFHGDFDWDVWURSKHVRGLIIHUHQWIURPWKDWZKLFKKDGEHHQ
H[SHFWHGGXULQJWKHODVWIRUWQLJKWE\WKH3DULVLDQZRUOG
:HOOVDLG%HDXFKDPSOHWWKHPQRZVD\WKDWGUDPDLV
XQQDWXUDO
0DIRLVDLG&KDWHDX5HQDXG,ZRXOGUDWKHUHQGP\FDUHHU
OLNH0GH0RUFHUIDSLVWROVKRWVHHPVTXLWHGHOLJKWIXO
FRPSDUHGZLWKWKLVFDWDVWURSKH
$QGPRUHRYHULWNLOOVVDLG%HDXFKDPS
$QGWRWKLQNWKDW,KDGDQLGHDRIPDUU\LQJKLVGDXJKWHU
VDLG'HEUD\6KHGLGZHOOWRGLHSRRUJLUO
7KHVLWWLQJLVDGMRXUQHGJHQWOHPHQVDLGWKHSUHVLGHQW
IUHVKLQTXLULHVZLOOEHPDGHDQGWKHFDVHZLOOEHWULHG
QH[WVHVVLRQE\DQRWKHUPDJLVWUDWH$VIRU$QGUHDZKRZDV
FDOPDQGPRUHLQWHUHVWLQJWKDQHYHUKHOHIWWKHKDOO
HVFRUWHGE\JHQGDUPHVZKRLQYROXQWDULO\SDLGKLPVRPH
DWWHQWLRQ:HOOZKDWGR\RXWKLQNRIWKLVP\ILQH
IHOORZ"DVNHG'HEUD\RIWKHVHUJHDQWDWDUPVVOLSSLQJD
ORXLVLQWRKLVKDQG7KHUHZLOOEHH[WHQXDWLQJ
FLUFXPVWDQFHVKHUHSOLHG

&KDSWHU
([SLDWLRQ
1RWZLWKVWDQGLQJWKHGHQVLW\RIWKHFURZG0GH9LOOHIRUW
VDZLWRSHQEHIRUHKLP7KHUHLVVRPHWKLQJVRDZHLQVSLULQJ
LQJUHDWDIIOLFWLRQVWKDWHYHQLQWKHZRUVWWLPHVWKHILUVW
HPRWLRQRIDFURZGKDVJHQHUDOO\EHHQWRV\PSDWKL]HZLWKWKH
VXIIHUHULQDJUHDWFDWDVWURSKH0DQ\SHRSOHKDYHEHHQ
DVVDVVLQDWHGLQDWXPXOWEXWHYHQFULPLQDOVKDYHUDUHO\
EHHQLQVXOWHGGXULQJWULDO7KXV9LOOHIRUWSDVVHGWKURXJK
WKHPDVVRIVSHFWDWRUVDQGRIILFHUVRIWKH3DODLVDQG
ZLWKGUHZ7KRXJKKHKDGDFNQRZOHGJHGKLVJXLOWKHZDV
SURWHFWHGE\KLVJULHI7KHUHDUHVRPHVLWXDWLRQVZKLFKPHQ
XQGHUVWDQGE\LQVWLQFWEXWZKLFKUHDVRQLVSRZHUOHVVWR
H[SODLQLQVXFKFDVHVWKHJUHDWHVWSRHWLVKHZKRJLYHV

1332

XWWHUDQFHWRWKHPRVWQDWXUDODQGYHKHPHQWRXWEXUVWRI
VRUURZ7KRVHZKRKHDUWKHELWWHUFU\DUHDVPXFKLPSUHVVHG
DVLIWKH\OLVWHQHGWRDQHQWLUHSRHPDQGZKHQWKHVXIIHUHU
LVVLQFHUHWKH\DUHULJKWLQUHJDUGLQJKLVRXWEXUVWDV
VXEOLPH
,WZRXOGEHGLIILFXOWWRGHVFULEHWKHVWDWHRIVWXSRULQ
ZKLFK9LOOHIRUWOHIWWKH3DODLV(YHU\SXOVHEHDWZLWK
IHYHULVKH[FLWHPHQWHYHU\QHUYHZDVVWUDLQHGHYHU\YHLQ
VZROOHQDQGHYHU\SDUWRIKLVERG\VHHPHGWRVXIIHU
GLVWLQFWO\IURPWKHUHVWWKXVPXOWLSO\LQJKLVDJRQ\D
WKRXVDQGIROG+HPDGHKLVZD\DORQJWKHFRUULGRUVWKURXJK
IRUFHRIKDELWKHWKUHZDVLGHKLVPDJLVWHULDOUREHQRWRXW
RIGHIHUHQFHWRHWLTXHWWHEXWEHFDXVHLWZDVDQXQEHDUDEOH
EXUGHQDYHULWDEOHJDUERI1HVVXVLQVDWLDWHLQWRUWXUH
+DYLQJVWDJJHUHGDVIDUDVWKH5XH'DXSKLQHKHSHUFHLYHG
KLVFDUULDJHDZRNHKLVVOHHSLQJFRDFKPDQE\RSHQLQJWKH
GRRUKLPVHOIWKUHZKLPVHOIRQWKHFXVKLRQVDQGSRLQWHG
WRZDUGVWKH)DXERXUJ6DLQW+RQRUHWKHFDUULDJHGURYHRQ
7KHZHLJKWRIKLVIDOOHQIRUWXQHVVHHPHGVXGGHQO\WRFUXVK
KLPKHFRXOGQRWIRUHVHHWKHFRQVHTXHQFHVKHFRXOGQRW
FRQWHPSODWHWKHIXWXUHZLWKWKHLQGLIIHUHQFHRIWKHKDUGHQHG
FULPLQDOZKRPHUHO\IDFHVDFRQWLQJHQF\DOUHDG\IDPLOLDU
*RGZDVVWLOOLQKLVKHDUW*RGKHPXUPXUHGQRWNQRZLQJ
ZKDWKHVDLG*RG*RG%HKLQGWKHHYHQWWKDWKDG
RYHUZKHOPHGKLPKHVDZWKHKDQGRI*RG7KHFDUULDJHUROOHG
UDSLGO\RQZDUG9LOOHIRUWZKLOHWXUQLQJUHVWOHVVO\RQWKH
FXVKLRQVIHOWVRPHWKLQJSUHVVDJDLQVWKLP+HSXWRXWKLV
KDQGWRUHPRYHWKHREMHFWLWZDVDIDQZKLFK0DGDPHGH
9LOOHIRUWKDGOHIWLQWKHFDUULDJHWKLVIDQDZDNHQHGD
UHFROOHFWLRQZKLFKGDUWHGWKURXJKKLVPLQGOLNHOLJKWQLQJ
+HWKRXJKWRIKLVZLIH
2KKHH[FODLPHGDVWKRXJKDUHGKRWLURQZHUHSLHUFLQJ
KLVKHDUW'XULQJWKHODVWKRXUKLVRZQFULPHKDGDORQHEHHQ
SUHVHQWHGWRKLVPLQGQRZDQRWKHUREMHFWQRWOHVV
WHUULEOHVXGGHQO\SUHVHQWHGLWVHOI+LVZLIH+HKDGMXVW
DFWHGWKHLQH[RUDEOHMXGJHZLWKKHUKHKDGFRQGHPQHGKHUWR
GHDWKDQGVKHFUXVKHGE\UHPRUVHVWUXFNZLWKWHUURU
FRYHUHGZLWKWKHVKDPHLQVSLUHGE\WKHHORTXHQFHRIKLV
LUUHSURDFKDEOHYLUWXHVKHDSRRUZHDNZRPDQZLWKRXW
KHOSRUWKHSRZHURIGHIHQGLQJKHUVHOIDJDLQVWKLVDEVROXWH
DQGVXSUHPHZLOOVKHPLJKWDWWKDWYHU\PRPHQWSHUKDSV
EHSUHSDULQJWRGLH$QKRXUKDGHODSVHGVLQFHKHU

1333

FRQGHPQDWLRQDWWKDWPRPHQWGRXEWOHVVVKHZDVUHFDOOLQJ
DOOKHUFULPHVWRKHUPHPRU\VKHZDVDVNLQJSDUGRQIRUKHU
VLQVSHUKDSVVKHZDVHYHQZULWLQJDOHWWHULPSORULQJ
IRUJLYHQHVVIURPKHUYLUWXRXVKXVEDQGDIRUJLYHQHVVVKH
ZDVSXUFKDVLQJZLWKKHUGHDWK9LOOHIRUWDJDLQJURDQHGZLWK
DQJXLVKDQGGHVSDLU$KKHH[FODLPHGWKDWZRPDQEHFDPH
FULPLQDORQO\IURPDVVRFLDWLQJZLWKPH,FDUULHGWKH
LQIHFWLRQRIFULPHZLWKPHDQGVKHKDVFDXJKWLWDVVKH
ZRXOGWKHW\SKXVIHYHUWKHFKROHUDWKHSODJXH$QG\HW,
KDYHSXQLVKHGKHU,KDYHGDUHGWRWHOOKHU,KDYH
C5HSHQWDQGGLH
%XWQRVKHPXVWQRWGLHVKHVKDOOOLYH
DQGZLWKPH:HZLOOIOHHIURP3DULVDQGJRDVIDUDVWKH
HDUWKUHDFKHV,WROGKHURIWKHVFDIIROGRKKHDYHQV,
IRUJRWWKDWLWDZDLWVPHDOVR+RZFRXOG,SURQRXQFHWKDW
ZRUG"<HVZHZLOOIO\,ZLOOFRQIHVVDOOWRKHU,ZLOO
WHOOKHUGDLO\WKDW,DOVRKDYHFRPPLWWHGDFULPH2K
ZKDWDQDOOLDQFHWKHWLJHUDQGWKHVHUSHQWZRUWK\ZLIH
RIVXFKDV,DP6KHPXVWOLYHWKDWP\LQIDP\PD\GLPLQLVK
KHUV$QG9LOOHIRUWGDVKHGRSHQWKHZLQGRZLQIURQWRIWKH
FDUULDJH
)DVWHUIDVWHUKHFULHGLQDWRQHZKLFKHOHFWULILHGWKH
FRDFKPDQ7KHKRUVHVLPSHOOHGE\IHDUIOHZWRZDUGVWKH
KRXVH
<HV\HVUHSHDWHG9LOOHIRUWDVKHDSSURDFKHGKLVKRPH
\HVWKDWZRPDQPXVWOLYHVKHPXVWUHSHQWDQGHGXFDWHP\
VRQWKHVROHVXUYLYRUZLWKWKHH[FHSWLRQRIWKH
LQGHVWUXFWLEOHROGPDQRIWKHZUHFNRIP\KRXVH6KHORYHV
KLPLWZDVIRUKLVVDNHVKHKDVFRPPLWWHGWKHVHFULPHV:H
RXJKWQHYHUWRGHVSDLURIVRIWHQLQJWKHKHDUWRIDPRWKHU
ZKRORYHVKHUFKLOG6KHZLOOUHSHQWDQGQRRQHZLOONQRZ
WKDWVKHKDVEHHQJXLOW\7KHHYHQWVZKLFKKDYHWDNHQSODFH
LQP\KRXVHWKRXJKWKH\QRZRFFXS\WKHSXEOLFPLQGZLOOEH
IRUJRWWHQLQWLPHRULILQGHHGDIHZHQHPLHVVKRXOG
SHUVLVWLQUHPHPEHULQJWKHPZK\WKHQ,ZLOODGGWKHPWRP\
OLVWRIFULPHV:KDWZLOOLWVLJQLI\LIRQHWZRRUWKUHH
PRUHDUHDGGHG"0\ZLIHDQGFKLOGVKDOOHVFDSHIURPWKLV
JXOIFDUU\LQJWUHDVXUHVZLWKWKHPVKHZLOOOLYHDQGPD\
\HWEHKDSS\VLQFHKHUFKLOGLQZKRPDOOKHUORYHLV
FHQWUHGZLOOEHZLWKKHU,VKDOOKDYHSHUIRUPHGDJRRG
DFWLRQDQGP\KHDUWZLOOEHOLJKWHU$QGWKHSURFXUHXU
EUHDWKHGPRUHIUHHO\WKDQKHKDGGRQHIRUVRPHWLPH

1334

7KHFDUULDJHVWRSSHGDWWKHGRRURIWKHKRXVH9LOOHIRUW
OHDSHGRXWRIWKHFDUULDJHDQGVDZWKDWKLVVHUYDQWVZHUH
VXUSULVHGDWKLVHDUO\UHWXUQKHFRXOGUHDGQRRWKHU
H[SUHVVLRQRQWKHLUIHDWXUHV1HLWKHURIWKHPVSRNHWRKLP
WKH\PHUHO\VWRRGDVLGHWROHWKLPSDVVE\DVXVXDO
QRWKLQJPRUH$VKHSDVVHGE\01RLUWLHU
VURRPKH
SHUFHLYHGWZRILJXUHVWKURXJKWKHKDOIRSHQGRRUEXWKH
H[SHULHQFHGQRFXULRVLW\WRNQRZZKRZDVYLVLWLQJKLV
IDWKHUDQ[LHW\FDUULHGKLPRQIXUWKHU
&RPHKHVDLGDVKHDVFHQGHGWKHVWDLUVOHDGLQJWRKLV
ZLIH
VURRPQRWKLQJLVFKDQJHGKHUH+HWKHQFORVHGWKH
GRRURIWKHODQGLQJ1RRQHPXVWGLVWXUEXVKHVDLG,
PXVWVSHDNIUHHO\WRKHUDFFXVHP\VHOIDQGVD\KH
DSSURDFKHGWKHGRRUWRXFKHGWKHFU\VWDOKDQGOHZKLFK
\LHOGHGWRKLVKDQG1RWORFNHGKHFULHGWKDWLVZHOO
$QGKHHQWHUHGWKHOLWWOHURRPLQZKLFK(GZDUGVOHSWIRU
WKRXJKWKHFKLOGZHQWWRVFKRROGXULQJWKHGD\KLVPRWKHU
FRXOGQRWDOORZKLPWREHVHSDUDWHGIURPKHUDWQLJKW:LWK
DVLQJOHJODQFH9LOOHIRUW
VH\HUDQWKURXJKWKHURRP1RW
KHUHKHVDLGGRXEWOHVVVKHLVLQKHUEHGURRP+HUXVKHG
WRZDUGVWKHGRRUIRXQGLWEROWHGDQGVWRSSHGVKXGGHULQJ
+HORLVHKHFULHG+HIDQFLHGKHKHDUGWKHVRXQGRID
SLHFHRIIXUQLWXUHEHLQJUHPRYHG+HORLVHKHUHSHDWHG
:KRLVWKHUH"DQVZHUHGWKHYRLFHRIKHUKHVRXJKW+H
WKRXJKWWKDWYRLFHPRUHIHHEOHWKDQXVXDO
2SHQWKHGRRUFULHG9LOOHIRUW2SHQLWLV,%XW
QRWZLWKVWDQGLQJWKLVUHTXHVWQRWZLWKVWDQGLQJWKHWRQHRI
DQJXLVKLQZKLFKLWZDVXWWHUHGWKHGRRUUHPDLQHGFORVHG
9LOOHIRUWEXUVWLWRSHQZLWKDYLROHQWEORZ$WWKHHQWUDQFH
RIWKHURRPZKLFKOHGWRKHUERXGRLU0DGDPHGH9LOOHIRUW
ZDVVWDQGLQJHUHFWSDOHKHUIHDWXUHVFRQWUDFWHGDQGKHU
H\HVJODULQJKRUULEO\+HORLVH+HORLVHKHVDLGZKDWLV
WKHPDWWHU"6SHDN7KH\RXQJZRPDQH[WHQGHGKHUVWLIIZKLWH
KDQGVWRZDUGVKLP,WLVGRQHPRQVLHXUVKHVDLGZLWKD
UDWWOLQJQRLVHZKLFKVHHPHGWRWHDUKHUWKURDW:KDWPRUH
GR\RXZDQW"DQGVKHIHOOIXOOOHQJWKRQWKHIORRU
9LOOHIRUWUDQWRKHUDQGVHL]HGKHUKDQGZKLFKFRQYXOVLYHO\
FODVSHGDFU\VWDOERWWOHZLWKDJROGHQVWRSSHU0DGDPHGH
9LOOHIRUWZDVGHDG9LOOHIRUWPDGGHQHGZLWKKRUURUVWHSSHG
EDFNWRWKHWKUHVKKROGRIWKHGRRUIL[LQJKLVH\HVRQWKH
FRUSVH0\VRQKHH[FODLPHGVXGGHQO\ZKHUHLVP\VRQ"

1335

(GZDUG(GZDUGDQGKHUXVKHGRXWRIWKHURRPVWLOO
FU\LQJ(GZDUG(GZDUG7KHQDPHZDVSURQRXQFHGLQVXFKD
WRQHRIDQJXLVKWKDWWKHVHUYDQWVUDQXS
:KHUHLVP\VRQ"DVNHG9LOOHIRUWOHWKLPEHUHPRYHGIURP
WKHKRXVHWKDWKHPD\QRWVHH
0DVWHU(GZDUGLVQRWGRZQVWDLUVVLUUHSOLHGWKHYDOHW
7KHQKHPXVWEHSOD\LQJLQWKHJDUGHQJRDQGVHH
1RVLU0DGDPHGH9LOOHIRUWVHQWIRUKLPKDOIDQKRXUDJR
KHZHQWLQWRKHUURRPDQGKDVQRWEHHQGRZQVWDLUVVLQFH
$FROGSHUVSLUDWLRQEXUVWRXWRQ9LOOHIRUW
VEURZKLVOHJV
WUHPEOHGDQGKLVWKRXJKWVIOHZDERXWPDGO\LQKLVEUDLQ
OLNHWKHZKHHOVRIDGLVRUGHUHGZDWFK,Q0DGDPHGH
9LOOHIRUW
VURRP"KHPXUPXUHGDQGVORZO\UHWXUQHGZLWKRQH
KDQGZLSLQJKLVIRUHKHDGDQGZLWKWKHRWKHUVXSSRUWLQJ
KLPVHOIDJDLQVWWKHZDOO7RHQWHUWKHURRPKHPXVWDJDLQ
VHHWKHERG\RIKLVXQIRUWXQDWHZLIH7RFDOO(GZDUGKHPXVW
UHDZDNHQWKHHFKRRIWKDWURRPZKLFKQRZDSSHDUHGOLNHD
VHSXOFKUHWRVSHDNVHHPHGOLNHYLRODWLQJWKHVLOHQFHRIWKH
WRPE+LVWRQJXHZDVSDUDO\]HGLQKLVPRXWK
(GZDUGKHVWDPPHUHG(GZDUG7KHFKLOGGLGQRW
DQVZHU:KHUHWKHQFRXOGKHEHLIKHKDGHQWHUHGKLV
PRWKHU
VURRPDQGQRWVLQFHUHWXUQHG"+HVWHSSHGIRUZDUG
7KHFRUSVHRI0DGDPHGH9LOOHIRUWZDVVWUHWFKHGDFURVVWKH
GRRUZD\OHDGLQJWRWKHURRPLQZKLFK(GZDUGPXVWEHWKRVH
JODULQJH\HVVHHPHGWRZDWFKRYHUWKHWKUHVKROGDQGWKH
OLSVERUHWKHVWDPSRIDWHUULEOHDQGP\VWHULRXVLURQ\
7KURXJKWKHRSHQGRRUZDVYLVLEOHDSRUWLRQRIWKHERXGRLU
FRQWDLQLQJDQXSULJKWSLDQRDQGDEOXHVDWLQFRXFK
9LOOHIRUWVWHSSHGIRUZDUGWZRRUWKUHHSDFHVDQGEHKHOGKLV
FKLOGO\LQJQRGRXEWDVOHHSRQWKHVRID7KHXQKDSS\
PDQXWWHUHGDQH[FODPDWLRQRIMR\DUD\RIOLJKWVHHPHGWR
SHQHWUDWHWKHDE\VVRIGHVSDLUDQGGDUNQHVV+HKDGRQO\WR
VWHSRYHUWKHFRUSVHHQWHUWKHERXGRLUWDNHWKHFKLOGLQ
KLVDUPVDQGIOHHIDUIDUDZD\
9LOOHIRUWZDVQRORQJHUWKHFLYLOL]HGPDQKHZDVDWLJHU
KXUWXQWRGHDWKJQDVKLQJKLVWHHWKLQKLVZRXQG+HQR
ORQJHUIHDUHGUHDOLWLHVEXWSKDQWRPV+HOHDSHGRYHUWKH
FRUSVHDVLILWKDGEHHQDEXUQLQJEUD]LHU+HWRRNWKH

1336

FKLOGLQKLVDUPVHPEUDFHGKLPVKRRNKLPFDOOHGKLPEXW
WKHFKLOGPDGHQRUHVSRQVH+HSUHVVHGKLVEXUQLQJOLSVWR
WKHFKHHNVEXWWKH\ZHUHLF\FROGDQGSDOHKHIHOWWKH
VWLIIHQHGOLPEVKHSUHVVHGKLVKDQGXSRQWKHKHDUWEXWLW
QRORQJHUEHDWWKHFKLOGZDVGHDG$IROGHGSDSHUIHOO
IURP(GZDUG
VEUHDVW9LOOHIRUWWKXQGHUVWUXFNIHOOXSRQ
KLVNQHHVWKHFKLOGGURSSHGIURPKLVDUPVDQGUROOHGRQ
WKHIORRUE\WKHVLGHRILWVPRWKHU+HSLFNHGXSWKHSDSHU
DQGUHFRJQL]LQJKLVZLIH
VZULWLQJUDQKLVH\HVUDSLGO\
RYHULWVFRQWHQWVLWUDQDVIROORZV
<RXNQRZWKDW,ZDVDJRRGPRWKHUVLQFHLWZDVIRUP\
VRQ
VVDNH,EHFDPHFULPLQDO$JRRGPRWKHUFDQQRWGHSDUW
ZLWKRXWKHUVRQ
9LOOHIRUWFRXOGQRWEHOLHYHKLVH\HVKHFRXOGQRW
EHOLHYHKLVUHDVRQKHGUDJJHGKLPVHOIWRZDUGVWKHFKLOG
V
ERG\DQGH[DPLQHGLWDVDOLRQHVVFRQWHPSODWHVLWVGHDG
FXE7KHQDSLHUFLQJFU\HVFDSHGIURPKLVEUHDVWDQGKH
FULHG6WLOOWKHKDQGRI*RG7KHSUHVHQFHRIWKHWZR
YLFWLPVDODUPHGKLPKHFRXOGQRWEHDUVROLWXGHVKDUHGRQO\
E\WZRFRUSVHV8QWLOWKHQKHKDGEHHQVXVWDLQHGE\UDJHE\
KLVVWUHQJWKRIPLQGE\GHVSDLUE\WKHVXSUHPHDJRQ\ZKLFK
OHGWKH7LWDQVWRVFDOHWKHKHDYHQVDQG$MD[WRGHI\WKH
JRGV+HQRZDURVHKLVKHDGERZHGEHQHDWKWKHZHLJKWRI
JULHIDQGVKDNLQJKLVGDPSGLVKHYHOOHGKDLUKHZKRKDG
QHYHUIHOWFRPSDVVLRQIRUDQ\RQHGHWHUPLQHGWRVHHNKLV
IDWKHUWKDWKHPLJKWKDYHVRPHRQHWRZKRPKHFRXOGUHODWH
KLVPLVIRUWXQHVVRPHRQHE\ZKRVHVLGHKHPLJKWZHHS+H
GHVFHQGHGWKHOLWWOHVWDLUFDVHZLWKZKLFKZHDUHDFTXDLQWHG
DQGHQWHUHG1RLUWLHU
VURRP7KHROGPDQDSSHDUHGWREH
OLVWHQLQJDWWHQWLYHO\DQGDVDIIHFWLRQDWHO\DVKLV
LQILUPLWLHVZRXOGDOORZWRWKH$EEH%XVRQLZKRORRNHGFROG
DQGFDOPDVXVXDO9LOOHIRUWSHUFHLYLQJWKHDEEHSDVVHG
KLVKDQGDFURVVKLVEURZ+HUHFROOHFWHGWKHFDOOKHKDG
PDGHXSRQKLPDIWHUWKHGLQQHUDW$XWHXLODQGWKHQWKH
YLVLWWKHDEEHKDGKLPVHOISDLGWRKLVKRXVHRQWKHGD\RI
9DOHQWLQH
VGHDWK<RXKHUHVLUKHH[FODLPHGGR\RX
WKHQQHYHUDSSHDUEXWWRDFWDVDQHVFRUWWRGHDWK"
%XVRQLWXUQHGDURXQGDQGSHUFHLYLQJWKHH[FLWHPHQW
GHSLFWHGRQWKHPDJLVWUDWH
VIDFHWKHVDYDJHOXVWUHRIKLV
H\HVKHXQGHUVWRRGWKDWWKHUHYHODWLRQKDGEHHQPDGHDWWKH
DVVL]HVEXWEH\RQGWKLVKHZDVLJQRUDQW,FDPHWRSUD\

1337

RYHUWKHERG\RI\RXUGDXJKWHU
$QGQRZZK\DUH\RXKHUH"
,FRPHWRWHOO\RXWKDW\RXKDYHVXIILFLHQWO\UHSDLG\RXU
GHEWDQGWKDWIURPWKLVPRPHQW,ZLOOSUD\WR*RGWR
IRUJLYH\RXDV,GR
*RRGKHDYHQVH[FODLPHG9LOOHIRUWVWHSSLQJEDFN
IHDUIXOO\VXUHO\WKDWLVQRWWKHYRLFHRIWKH$EEH
%XVRQL
1R7KHDEEHWKUHZRIIKLVZLJVKRRNKLVKHDGDQGKLV
KDLUQRORQJHUFRQILQHGIHOOLQEODFNPDVVHVDURXQGKLV
PDQO\IDFH
,WLVWKHIDFHRIWKH&RXQWRI0RQWH&ULVWRH[FODLPHGWKH
SURFXUHXUZLWKDKDJJDUGH[SUHVVLRQ
<RXDUHQRWH[DFWO\ULJKW03URFXUHXU\RXPXVWJR
IDUWKHUEDFN
7KDWYRLFHWKDWYRLFHZKHUHGLG,ILUVWKHDULW"
<RXKHDUGLWIRUWKHILUVWWLPHDW0DUVHLOOHVWZHQW\WKUHH
\HDUVDJRWKHGD\RI\RXUPDUULDJHZLWK0DGHPRLVHOOHGH
6DLQW0HUDQ5HIHUWR\RXUSDSHUV
<RXDUHQRW%XVRQL"\RXDUHQRW0RQWH&ULVWR"2K
KHDYHQV\RXDUHWKHQVRPHVHFUHWLPSODFDEOHDQG
PRUWDOHQHP\,PXVWKDYHZURQJHG\RXLQVRPHZD\DW
0DUVHLOOHV2KZRHWRPH
<HV\RXDUHQRZRQWKHULJKWSDWKVDLGWKHFRXQW
FURVVLQJKLVDUPVRYHUKLVEURDGFKHVWVHDUFKVHDUFK
%XWZKDWKDYH,GRQHWR\RX"H[FODLPHG9LOOHIRUWZKRVH
PLQGZDVEDODQFLQJEHWZHHQUHDVRQDQGLQVDQLW\LQWKDW
FORXGZKLFKLVQHLWKHUDGUHDPQRUUHDOLW\ZKDWKDYH,
GRQHWR\RX"7HOOPHWKHQ6SHDN
<RXFRQGHPQHGPHWRDKRUULEOHWHGLRXVGHDWK\RXNLOOHG
P\IDWKHU\RXGHSULYHGPHRIOLEHUW\RIORYHDQG
KDSSLQHVV

1338

:KRDUH\RXWKHQ":KRDUH\RX"
,DPWKHVSHFWUHRIDZUHWFK\RXEXULHGLQWKHGXQJHRQVRI
WKH&KDWHDXG
,I*RGJDYHWKDWVSHFWUHWKHIRUPRIWKH
&RXQWRI0RQWH&ULVWRZKHQKHDWOHQJWKLVVXHGIURPKLV
WRPEHQULFKHGKLPZLWKJROGDQGGLDPRQGVDQGOHGKLPWR
\RX
$K,UHFRJQL]H\RX,UHFRJQL]H\RXH[FODLPHGWKH
NLQJ
VDWWRUQH\\RXDUH
,DP(GPRQG'DQWHV
<RXDUH(GPRQG'DQWHVFULHG9LOOHIRUWVHL]LQJWKHFRXQW
E\WKHZULVWWKHQFRPHKHUH$QGXSWKHVWDLUVKHGUDJJHG
0RQWH&ULVWRZKRLJQRUDQWRIZKDWKDGKDSSHQHGIROORZHG
KLPLQDVWRQLVKPHQWIRUHVHHLQJVRPHQHZFDWDVWURSKH
7KHUH(GPRQG'DQWHVKHVDLGSRLQWLQJWRWKHERGLHVRI
KLVZLIHDQGFKLOGVHHDUH\RXZHOODYHQJHG"0RQWH
&ULVWREHFDPHSDOHDWWKLVKRUULEOHVLJKWKHIHOWWKDWKH
KDGSDVVHGEH\RQGWKHERXQGVRIYHQJHDQFHDQGWKDWKHFRXOG
QRORQJHUVD\*RGLVIRUDQGZLWKPH:LWKDQH[SUHVVLRQ
RILQGHVFULEDEOHDQJXLVKKHWKUHZKLPVHOIXSRQWKHERG\RI
WKHFKLOGUHRSHQHGLWVH\HVIHOWLWVSXOVHDQGWKHQ
UXVKHGZLWKKLPLQWR9DOHQWLQH
VURRPRIZKLFKKH
GRXEOHORFNHGWKHGRRU0\FKLOGFULHG9LOOHIRUWKH
FDUULHVDZD\WKHERG\RIP\FKLOG2KFXUVHVZRHGHDWKWR
\RXDQGKHWULHGWRIROORZ0RQWH&ULVWREXWDVWKRXJKLQ
DGUHDPKHZDVWUDQVIL[HGWRWKHVSRWKLVH\HVJODUHGDV
WKRXJKWKH\ZHUHVWDUWLQJWKURXJKWKHVRFNHWVKHJULSHGWKH
IOHVKRQKLVFKHVWXQWLOKLVQDLOVZHUHVWDLQHGZLWKEORRG
WKHYHLQVRIKLVWHPSOHVVZHOOHGDQGERLOHGDVWKRXJKWKH\
ZRXOGEXUVWWKHLUQDUURZERXQGDU\DQGGHOXJHKLVEUDLQZLWK
OLYLQJILUH7KLVODVWHGVHYHUDOPLQXWHVXQWLOWKH
IULJKWIXORYHUWXUQRIUHDVRQZDVDFFRPSOLVKHGWKHQXWWHULQJ
DORXGFU\IROORZHGE\DEXUVWRIODXJKWHUKHUXVKHGGRZQ
WKHVWDLUV
$TXDUWHURIDQKRXUDIWHUZDUGVWKHGRRURI9DOHQWLQH
VURRP
RSHQHGDQG0RQWH&ULVWRUHDSSHDUHG3DOHZLWKDGXOOH\H
DQGKHDY\KHDUWDOOWKHQREOHIHDWXUHVRIWKDWIDFH
XVXDOO\VRFDOPDQGVHUHQHZHUHRYHUFDVWE\JULHI,QKLV
DUPVKHKHOGWKHFKLOGZKRPQRVNLOOKDGEHHQDEOHWR

1339

UHFDOOWROLIH%HQGLQJRQRQHNQHHKHSODFHGLWUHYHUHQWO\
E\WKHVLGHRILWVPRWKHUZLWKLWVKHDGXSRQKHUEUHDVW
7KHQULVLQJKHZHQWRXWDQGPHHWLQJDVHUYDQWRQWKH
VWDLUVKHDVNHG:KHUHLV0GH9LOOHIRUW"
7KHVHUYDQWLQVWHDGRIDQVZHULQJSRLQWHGWRWKHJDUGHQ
0RQWH&ULVWRUDQGRZQWKHVWHSVDQGDGYDQFLQJWRZDUGVWKH
VSRWGHVLJQDWHGEHKHOG9LOOHIRUWHQFLUFOHGE\KLVVHUYDQWV
ZLWKDVSDGHLQKLVKDQGDQGGLJJLQJWKHHDUWKZLWKIXU\
,WLVQRWKHUHKHFULHG,WLVQRWKHUH$QGWKHQKH
PRYHGIDUWKHURQDQGEHJDQDJDLQWRGLJ
0RQWH&ULVWRDSSURDFKHGKLPDQGVDLGLQDORZYRLFHZLWK
DQH[SUHVVLRQDOPRVWKXPEOH6LU\RXKDYHLQGHHGORVWD
VRQEXW
9LOOHIRUWLQWHUUXSWHGKLPKHKDGQHLWKHUOLVWHQHGQRU
KHDUG2K,ZLOOILQGLWKHFULHG\RXPD\SUHWHQGKH
LVQRWKHUHEXW,ZLOOILQGKLPWKRXJK,GLJIRUHYHU
0RQWH&ULVWRGUHZEDFNLQKRUURU2KKHVDLGKHLV
PDG$QGDVWKRXJKKHIHDUHGWKDWWKHZDOOVRIWKHDFFXUVHG
KRXVHZRXOGFUXPEOHDURXQGKLPKHUXVKHGLQWRWKHVWUHHW
IRUWKHILUVWWLPHGRXEWLQJZKHWKHUKHKDGWKHULJKWWRGR
DVKHKDGGRQH2KHQRXJKRIWKLVHQRXJKRIWKLVKH
FULHGOHWPHVDYHWKHODVW2QHQWHULQJKLVKRXVHKHPHW
0RUUHOZKRZDQGHUHGDERXWOLNHDJKRVWDZDLWLQJWKH
KHDYHQO\PDQGDWHIRUUHWXUQWRWKHWRPE3UHSDUH\RXUVHOI
0D[LPLOLDQKHVDLGZLWKDVPLOHZHOHDYH3DULV
WRPRUURZ
+DYH\RXQRWKLQJPRUHWRGRWKHUH"DVNHG0RUUHO
1RUHSOLHG0RQWH&ULVWR*RGJUDQW,PD\QRWKDYHGRQH
WRRPXFKDOUHDG\
7KHQH[WGD\WKH\LQGHHGOHIWDFFRPSDQLHGRQO\E\
%DSWLVWLQ+DLGHHKDGWDNHQDZD\$OLDQG%HUWXFFLRUHPDLQHG
ZLWK1RLUWLHU

&KDSWHU
7KH'HSDUWXUH

1340

7KHUHFHQWHYHQWIRUPHGWKHWKHPHRIFRQYHUVDWLRQWKURXJKRXW
DOO3DULV(PPDQXHODQGKLVZLIHFRQYHUVHGZLWKQDWXUDO
DVWRQLVKPHQWLQWKHLUOLWWOHDSDUWPHQWLQWKH5XH0HVOD\
XSRQWKHWKUHHVXFFHVVLYHVXGGHQDQGPRVWXQH[SHFWHG
FDWDVWURSKHVRI0RUFHUI'DQJODUVDQG9LOOHIRUW
0D[LPLOLDQZKRZDVSD\LQJWKHPDYLVLWOLVWHQHGWRWKHLU
FRQYHUVDWLRQRUUDWKHUZDVSUHVHQWDWLWSOXQJHGLQKLV
DFFXVWRPHGVWDWHRIDSDWK\,QGHHGVDLG-XOLHPLJKWZH
QRWDOPRVWIDQF\(PPDQXHOWKDWWKRVHSHRSOHVRULFKVR
KDSS\EXW\HVWHUGD\KDGIRUJRWWHQLQWKHLUSURVSHULW\WKDW
DQHYLOJHQLXVOLNHWKHZLFNHGIDLULHVLQ3HUUDXOW
V
VWRULHVZKRSUHVHQWWKHPVHOYHVXQELGGHQDWDZHGGLQJRU
EDSWLVPKRYHUHGRYHUWKHPDQGDSSHDUHGDOODWRQFHWR
UHYHQJHKLPVHOIIRUWKHLUIDWDOQHJOHFW"
:KDWDGLUHPLVIRUWXQHVDLG(PPDQXHOWKLQNLQJRI0RUFHUI
DQG'DQJODUV
:KDWGUHDGIXOVXIIHULQJVVDLG-XOLHUHPHPEHULQJ
9DOHQWLQHEXWZKRPZLWKDGHOLFDF\QDWXUDOWRZRPHQVKH
GLGQRWQDPHEHIRUHKHUEURWKHU
,IWKH6XSUHPH%HLQJKDVGLUHFWHGWKHIDWDOEORZVDLG
(PPDQXHOLWPXVWEHWKDWKHLQKLVJUHDWJRRGQHVVKDV
SHUFHLYHGQRWKLQJLQWKHSDVWOLYHVRIWKHVHSHRSOHWRPHULW
PLWLJDWLRQRIWKHLUDZIXOSXQLVKPHQW
'R\RXQRWIRUPDYHU\UDVKMXGJPHQW(PPDQXHO"VDLG
-XOLH:KHQP\IDWKHUZLWKDSLVWROLQKLVKDQGZDVRQFH
RQWKHSRLQWRIFRPPLWWLQJVXLFLGHKDGDQ\RQHWKHQVDLG
C7KLVPDQGHVHUYHVKLVPLVHU\
ZRXOGQRWWKDWSHUVRQKDYH
EHHQGHFHLYHG"
<HVEXW\RXUIDWKHUZDVQRWDOORZHGWRIDOO$EHLQJZDV
FRPPLVVLRQHGWRDUUHVWWKHIDWDOKDQGRIGHDWKDERXWWR
GHVFHQGRQKLP
(PPDQXHOKDGVFDUFHO\XWWHUHGWKHVHZRUGVZKHQWKHVRXQGRI
WKHEHOOZDVKHDUGWKHZHOONQRZQVLJQDOJLYHQE\WKH
SRUWHUWKDWDYLVLWRUKDGDUULYHG1HDUO\DWWKHVDPH
LQVWDQWWKHGRRUZDVRSHQHGDQGWKH&RXQWRI0RQWH&ULVWR
DSSHDUHGRQWKHWKUHVKROG7KH\RXQJSHRSOHXWWHUHGDFU\RI
MR\ZKLOH0D[LPLOLDQUDLVHGKLVKHDGEXWOHWLWIDOODJDLQ
LPPHGLDWHO\0D[LPLOLDQVDLGWKHFRXQWZLWKRXWDSSHDULQJ

1341

WRQRWLFHWKHGLIIHUHQWLPSUHVVLRQVZKLFKKLVSUHVHQFH
SURGXFHGRQWKHOLWWOHFLUFOH,FRPHWRVHHN\RX
7RVHHNPH"UHSHDWHG0RUUHODVLIDZDNHQLQJIURPDGUHDP
<HVVDLG0RQWH&ULVWRKDVLWQRWEHHQDJUHHGWKDW,
VKRXOGWDNH\RXZLWKPHDQGGLG,QRWWHOO\RX\HVWHUGD\WR
SUHSDUHIRUGHSDUWXUH"
,DPUHDG\VDLG0D[LPLOLDQ,FDPHH[SUHVVO\WRZLVK
WKHPIDUHZHOO
:KLWKHUDUH\RXJRLQJFRXQW"DVNHG-XOLH
,QWKHILUVWLQVWDQFHWR0DUVHLOOHVPDGDPH
7R0DUVHLOOHVH[FODLPHGWKH\RXQJFRXSOH
<HVDQG,WDNH\RXUEURWKHUZLWKPH
2KFRXQWVDLG-XOLHZLOO\RXUHVWRUHKLPWRXVFXUHG
RIKLVPHODQFKRO\"0RUUHOWXUQHGDZD\WRFRQFHDOWKH
FRQIXVLRQRIKLVFRXQWHQDQFH
<RXSHUFHLYHWKHQWKDWKHLVQRWKDSS\"VDLGWKHFRXQW
<HVUHSOLHGWKH\RXQJZRPDQDQGIHDUPXFKWKDWKHILQGV
RXUKRPHEXWDGXOORQH
,ZLOOXQGHUWDNHWRGLYHUWKLPUHSOLHGWKHFRXQW
,DPUHDG\WRDFFRPSDQ\\RXVLUVDLG0D[LPLOLDQ$GLHX
P\NLQGIULHQGV(PPDQXHO-XOLHIDUHZHOO
+RZIDUHZHOO"H[FODLPHG-XOLHGR\RXOHDYHXVWKXVVR
VXGGHQO\ZLWKRXWDQ\SUHSDUDWLRQVIRU\RXUMRXUQH\ZLWKRXW
HYHQDSDVVSRUW"
1HHGOHVVGHOD\VEXWLQFUHDVHWKHJULHIRISDUWLQJVDLG
0RQWH&ULVWRDQG0D[LPLOLDQKDVGRXEWOHVVSURYLGHGKLPVHOI
ZLWKHYHU\WKLQJUHTXLVLWHDWOHDVW,DGYLVHGKLPWRGR
VR
,KDYHDSDVVSRUWDQGP\FORWKHVDUHUHDG\SDFNHGVDLG
0RUUHOLQKLVWUDQTXLOEXWPRXUQIXOPDQQHU

1342

*RRGVDLG0RQWH&ULVWRVPLOLQJLQWKHVHSURPSW
DUUDQJHPHQWVZHUHFRJQL]HWKHRUGHURIDZHOOGLVFLSOLQHG
VROGLHU
$QG\RXOHDYHXVVDLG-XOLHDWDPRPHQW
VZDUQLQJ"\RX
GRQRWJLYHXVDGD\QRQRWHYHQDQKRXUEHIRUH\RXU
GHSDUWXUH"
0\FDUULDJHLVDWWKHGRRUPDGDPHDQG,PXVWEHLQ5RPH
LQILYHGD\V
%XWGRHV0D[LPLOLDQJRWR5RPH"H[FODLPHG(PPDQXHO
,DPJRLQJZKHUHYHULWPD\SOHDVHWKHFRXQWWRWDNHPH
VDLG0RUUHOZLWKDVPLOHIXOORIJULHI,DPXQGHUKLV
RUGHUVIRUWKHQH[WPRQWK
2KKHDYHQVKRZVWUDQJHO\KHH[SUHVVHVKLPVHOIFRXQW
VDLG-XOLH
0D[LPLOLDQJRHVZLWKPHVDLGWKHFRXQWLQKLVNLQGHVW
DQGPRVWSHUVXDVLYHPDQQHUWKHUHIRUHGRQRWPDNH\RXUVHOI
XQHDV\RQ\RXUEURWKHU
VDFFRXQW
2QFHPRUHIDUHZHOOP\GHDUVLVWHU(PPDQXHODGLHX
0RUUHOUHSHDWHG
+LVFDUHOHVVQHVVDQGLQGLIIHUHQFHWRXFKPHWRWKHKHDUW
VDLG-XOLH2K0D[LPLOLDQ0D[LPLOLDQ\RXDUHFHUWDLQO\
FRQFHDOLQJVRPHWKLQJIURPXV
3VKDZVDLG0RQWH&ULVWR\RXZLOOVHHKLPUHWXUQWR\RX
JD\VPLOLQJDQGMR\IXO
0D[LPLOLDQFDVWDORRNRIGLVGDLQDOPRVWRIDQJHURQWKH
FRXQW
:HPXVWOHDYH\RXVDLG0RQWH&ULVWR
%HIRUH\RXTXLWXVFRXQWVDLG-XOLHZLOO\RXSHUPLWXV
WRH[SUHVVWR\RXDOOWKDWWKHRWKHUGD\
0DGDPHLQWHUUXSWHGWKHFRXQWWDNLQJKHUWZRKDQGVLQ

1343

KLVDOOWKDW\RXFRXOGVD\LQZRUGVZRXOGQHYHUH[SUHVV
ZKDW,UHDGLQ\RXUH\HVWKHWKRXJKWVRI\RXUKHDUWDUH
IXOO\XQGHUVWRRGE\PLQH/LNHEHQHIDFWRUVLQURPDQFHV,
VKRXOGKDYHOHIW\RXZLWKRXWVHHLQJ\RXDJDLQEXWWKDW
ZRXOGKDYHEHHQDYLUWXHEH\RQGP\VWUHQJWKEHFDXVH,DPD
ZHDNDQGYDLQPDQIRQGRIWKHWHQGHUNLQGDQGWKDQNIXO
JODQFHVRIP\IHOORZFUHDWXUHV2QWKHHYHRIGHSDUWXUH,
FDUU\P\HJRWLVPVRIDUDVWRVD\C'RQRWIRUJHWPHP\
NLQGIULHQGVIRUSUREDEO\\RXZLOOQHYHUVHHPHDJDLQ

1HYHUVHH\RXDJDLQ"H[FODLPHG(PPDQXHOZKLOHWZRODUJH
WHDUVUROOHGGRZQ-XOLH
VFKHHNVQHYHUEHKROG\RXDJDLQ"
,WLVQRWDPDQWKHQEXWVRPHDQJHOWKDWOHDYHVXVDQG
WKLVDQJHOLVRQWKHSRLQWRIUHWXUQLQJWRKHDYHQDIWHU
KDYLQJDSSHDUHGRQHDUWKWRGRJRRG
6D\QRWVRTXLFNO\UHWXUQHG0RQWH&ULVWRVD\QRWVR
P\IULHQGVDQJHOVQHYHUHUUFHOHVWLDOEHLQJVUHPDLQZKHUH
WKH\ZLVKWREH)DWHLVQRWPRUHSRZHUIXOWKDQWKH\LWLV
WKH\ZKRRQWKHFRQWUDU\RYHUFRPHIDWH1R(PPDQXHO,DP
EXWDPDQDQG\RXUDGPLUDWLRQLVDVXQPHULWHGDV\RXUZRUGV
DUHVDFULOHJLRXV$QGSUHVVLQJKLVOLSVRQWKHKDQGRI
-XOLHZKRUXVKHGLQWRKLVDUPVKHH[WHQGHGKLVRWKHUKDQG
WR(PPDQXHOWKHQWHDULQJKLPVHOIIURPWKLVDERGHRISHDFH
DQGKDSSLQHVVKHPDGHDVLJQWR0D[LPLOLDQZKRIROORZHG
KLPSDVVLYHO\ZLWKWKHLQGLIIHUHQFHZKLFKKDGEHHQ
SHUFHSWLEOHLQKLPHYHUVLQFHWKHGHDWKRI9DOHQWLQHKDGVR
VWXQQHGKLP5HVWRUHP\EURWKHUWRSHDFHDQGKDSSLQHVV
ZKLVSHUHG-XOLHWR0RQWH&ULVWR$QGWKHFRXQWSUHVVHGKHU
KDQGLQUHSO\DVKHKDGGRQHHOHYHQ\HDUVEHIRUHRQWKH
VWDLUFDVHOHDGLQJWR0RUUHO
VVWXG\
<RXVWLOOFRQILGHWKHQLQ6LQEDGWKH6DLORU"DVNHGKH
VPLOLQJ
2K\HVZDVWKHUHDG\DQVZHU
:HOOWKHQVOHHSLQSHDFHDQGSXW\RXUWUXVWLQKHDYHQ
$VZHKDYHEHIRUHVDLGWKHSRVWFKDLVHZDVZDLWLQJIRXU
SRZHUIXOKRUVHVZHUHDOUHDG\SDZLQJWKHJURXQGZLWK
LPSDWLHQFHZKLOH$OLDSSDUHQWO\MXVWDUULYHGIURPDORQJ
ZDONZDVVWDQGLQJDWWKHIRRWRIWKHVWHSVKLVIDFHEDWKHG
LQSHUVSLUDWLRQ:HOODVNHGWKHFRXQWLQ$UDELFKDYH
\RXEHHQWRVHHWKHROGPDQ"$OLPDGHDVLJQLQWKH

1344

DIILUPDWLYH
$QGKDYH\RXSODFHGWKHOHWWHUEHIRUHKLPDV,RUGHUHG\RX
WRGR"
7KHVODYHUHVSHFWIXOO\VLJQDOL]HGWKDWKHKDG$QGZKDWGLG
KHVD\RUUDWKHUGR"$OLSODFHGKLPVHOILQWKHOLJKWVR
WKDWKLVPDVWHUPLJKWVHHKLPGLVWLQFWO\DQGWKHQLPLWDWLQJ
LQKLVLQWHOOLJHQWPDQQHUWKHFRXQWHQDQFHRIWKHROGPDQKH
FORVHGKLVH\HVDV1RLUWLHUZDVLQWKHFXVWRPRIGRLQJZKHQ
VD\LQJ<HV
*RRGKHDFFHSWVVDLG0RQWH&ULVWR1RZOHWXVJR
7KHVHZRUGVKDGVFDUFHO\HVFDSHGKLPZKHQWKHFDUULDJHZDV
RQLWVZD\DQGWKHIHHWRIWKHKRUVHVVWUXFNDVKRZHURI
VSDUNVIURPWKHSDYHPHQW0D[LPLOLDQVHWWOHGKLPVHOILQKLV
FRUQHUZLWKRXWXWWHULQJDZRUG+DOIDQKRXUKDGSDVVHGZKHQ
WKHFDUULDJHVWRSSHGVXGGHQO\WKHFRXQWKDGMXVWSXOOHGWKH
VLONHQFKHFNVWULQJZKLFKZDVIDVWHQHGWR$OL
VILQJHU7KH
1XELDQLPPHGLDWHO\GHVFHQGHGDQGRSHQHGWKHFDUULDJHGRRU
,WZDVDORYHO\VWDUOLJKWQLJKWWKH\KDGMXVWUHDFKHGWKH
WRSRIWKHKLOO9LOOHMXLIIURPZKHQFH3DULVDSSHDUVOLNHD
VRPEUHVHDWRVVLQJLWVPLOOLRQVRISKRVSKRULFZDYHVLQWR
OLJKWZDYHVLQGHHGPRUHQRLV\PRUHSDVVLRQDWHPRUH
FKDQJHDEOHPRUHIXULRXVPRUHJUHHG\WKDQWKRVHRIWKH
WHPSHVWXRXVRFHDQZDYHVZKLFKQHYHUUHVWDVWKRVHRIWKH
VHDVRPHWLPHVGRZDYHVHYHUGDVKLQJHYHUIRDPLQJHYHU
LQJXOILQJZKDWIDOOVZLWKLQWKHLUJUDVS7KHFRXQWVWRRG
DORQHDQGDWDVLJQIURPKLVKDQGWKHFDUULDJHZHQWRQIRU
DVKRUWGLVWDQFH:LWKIROGHGDUPVKHJD]HGIRUVRPHWLPH
XSRQWKHJUHDWFLW\:KHQKHKDGIL[HGKLVSLHUFLQJORRNRQ
WKLVPRGHUQ%DE\ORQZKLFKHTXDOO\HQJDJHVWKHFRQWHPSODWLRQ
RIWKHUHOLJLRXVHQWKXVLDVWWKHPDWHULDOLVWDQGWKH
VFRIIHU*UHDWFLW\PXUPXUHGKHLQFOLQLQJKLVKHDG
DQGMRLQLQJKLVKDQGVDVLILQSUD\HUOHVVWKDQVL[PRQWKV
KDYHHODSVHGVLQFHILUVW,HQWHUHGWK\JDWHV,EHOLHYHWKDW
WKH6SLULWRI*RGOHGP\VWHSVWRWKHHDQGWKDWKHDOVR
HQDEOHVPHWRTXLWWKHHLQWULXPSKWKHVHFUHWFDXVHRIP\
SUHVHQFHZLWKLQWK\ZDOOV,KDYHFRQILGHGDORQHWRKLPZKR
RQO\KDVKDGWKHSRZHUWRUHDGP\KHDUW*RGRQO\NQRZVWKDW
,UHWLUHIURPWKHHZLWKRXWSULGHRUKDWUHGEXWQRWZLWKRXW
PDQ\UHJUHWVKHRQO\NQRZVWKDWWKHSRZHUFRQILGHGWRPH
KDVQHYHUEHHQPDGHVXEVHUYLHQWWRP\SHUVRQDOJRRGRUWR

1345

DQ\XVHOHVVFDXVH2KJUHDWFLW\LWLVLQWK\SDOSLWDWLQJ
ERVRPWKDW,KDYHIRXQGWKDWZKLFK,VRXJKWOLNHDSDWLHQW
PLQHU,KDYHGXJGHHSLQWRWK\YHU\HQWUDLOVWRURRWRXW
HYLOWKHQFH1RZP\ZRUNLVDFFRPSOLVKHGP\PLVVLRQLV
WHUPLQDWHGQRZWKRXFDQVWQHLWKHUDIIRUGPHSDLQQRU
SOHDVXUH$GLHX3DULVDGLHX
+LVORRNZDQGHUHGRYHUWKHYDVWSODLQOLNHWKDWRIVRPH
JHQLXVRIWKHQLJKWKHSDVVHGKLVKDQGRYHUKLVEURZJRW
LQWRWKHFDUULDJHWKHGRRUZDVFORVHGRQKLPDQGWKH
YHKLFOHTXLFNO\GLVDSSHDUHGGRZQWKHRWKHUVLGHRIWKHKLOO
LQDZKLUOZLQGRIQRLVHDQGGXVW
7HQOHDJXHVZHUHSDVVHGDQGQRWDVLQJOHZRUGZDVXWWHUHG
0RUUHOZDVGUHDPLQJDQG0RQWH&ULVWRZDVORRNLQJDWWKH
GUHDPHU
0RUUHOVDLGWKHFRXQWWRKLPDWOHQJWKGR\RXUHSHQW
KDYLQJIROORZHGPH"
1RFRXQWEXWWROHDYH3DULV
,I,WKRXJKWKDSSLQHVVPLJKWDZDLW\RXLQ3DULV0RUUHO,
ZRXOGKDYHOHIW\RXWKHUH
9DOHQWLQHUHSRVHVZLWKLQWKHZDOOVRI3DULVDQGWROHDYH
3DULVLVOLNHORVLQJKHUDVHFRQGWLPH
0D[LPLOLDQVDLGWKHFRXQWWKHIULHQGVWKDWZHKDYHORVW
GRQRWUHSRVHLQWKHERVRPRIWKHHDUWKEXWDUHEXULHGGHHS
LQRXUKHDUWVDQGLWKDVEHHQWKXVRUGDLQHGWKDWZHPD\
DOZD\VEHDFFRPSDQLHGE\WKHP,KDYHWZRIULHQGVZKRLQ
WKLVZD\QHYHUGHSDUWIURPPHWKHRQHZKRJDYHPHEHLQJ
DQGWKHRWKHUZKRFRQIHUUHGNQRZOHGJHDQGLQWHOOLJHQFHRQ
PH7KHLUVSLULWVOLYHLQPH,FRQVXOWWKHPZKHQGRXEWIXO
DQGLI,HYHUGRDQ\JRRGLWLVGXHWRWKHLUEHQHILFHQW
FRXQVHOV/LVWHQWRWKHYRLFHRI\RXUKHDUW0RUUHODQGDVN
LWZKHWKHU\RXRXJKWWRSUHVHUYHWKLVPHODQFKRO\H[WHULRU
WRZDUGVPH
0\IULHQGVDLG0D[LPLOLDQWKHYRLFHRIP\KHDUWLVYHU\
VRUURZIXODQGSURPLVHVPHQRWKLQJEXWPLVIRUWXQH

1346

,WLVWKHZD\RIZHDNHQHGPLQGVWRVHHHYHU\WKLQJWKURXJKD
EODFNFORXG7KHVRXOIRUPVLWVRZQKRUL]RQV\RXUVRXOLV
GDUNHQHGDQGFRQVHTXHQWO\WKHVN\RIWKHIXWXUHDSSHDUV
VWRUP\DQGXQSURPLVLQJ
7KDWPD\SRVVLEO\EHWUXHVDLG0D[LPLOLDQDQGKHDJDLQ
VXEVLGHGLQWRKLVWKRXJKWIXOPRRG
7KHMRXUQH\ZDVSHUIRUPHGZLWKWKDWPDUYHOORXVUDSLGLW\
ZKLFKWKHXQOLPLWHGSRZHURIWKHFRXQWHYHUFRPPDQGHG7RZQV
IOHGIURPWKHPOLNHVKDGRZVRQWKHLUSDWKDQGWUHHVVKDNHQ
E\WKHILUVWZLQGVRIDXWXPQVHHPHGOLNHJLDQWVPDGO\
UXVKLQJRQWRPHHWWKHPDQGUHWUHDWLQJDVUDSLGO\ZKHQRQFH
UHDFKHG7KHIROORZLQJPRUQLQJWKH\DUULYHGDW&KDORQV
ZKHUHWKHFRXQW
VVWHDPERDWZDLWHGIRUWKHP:LWKRXWWKH
ORVVRIDQLQVWDQWWKHFDUULDJHZDVSODFHGRQERDUGDQGWKH
WZRWUDYHOOHUVHPEDUNHGZLWKRXWGHOD\7KHERDWZDVEXLOW
IRUVSHHGKHUWZRSDGGOHZKHHOVZHUHOLNHWZRZLQJVZLWK
ZKLFKVKHVNLPPHGWKHZDWHUOLNHDELUG0RUUHOZDVQRW
LQVHQVLEOHWRWKDWVHQVDWLRQRIGHOLJKWZKLFKLVJHQHUDOO\
H[SHULHQFHGLQSDVVLQJUDSLGO\WKURXJKWKHDLUDQGWKHZLQG
ZKLFKRFFDVLRQDOO\UDLVHGWKHKDLUIURPKLVIRUHKHDGVHHPHG
RQWKHSRLQWRIGLVSHOOLQJPRPHQWDULO\WKHFORXGVFROOHFWHG
WKHUH
$VWKHGLVWDQFHLQFUHDVHGEHWZHHQWKHWUDYHOOHUVDQG3DULV
DOPRVWVXSHUKXPDQVHUHQLW\DSSHDUHGWRVXUURXQGWKHFRXQW
KHPLJKWKDYHEHHQWDNHQIRUDQH[LOHDERXWWRUHYLVLWKLV
QDWLYHODQG(UHORQJ0DUVHLOOHVSUHVHQWHGKHUVHOIWRYLHZ
0DUVHLOOHVZKLWHIHUYLGIXOORIOLIHDQGHQHUJ\
0DUVHLOOHVWKH\RXQJHUVLVWHURI7\UHDQG&DUWKDJHWKH
VXFFHVVRUWRWKHPLQWKHHPSLUHRIWKH0HGLWHUUDQHDQ
0DUVHLOOHVROG\HWDOZD\V\RXQJ3RZHUIXOPHPRULHVZHUH
VWLUUHGZLWKLQWKHPE\WKHVLJKWRIWKHURXQGWRZHU)RUW
6DLQW1LFRODVWKH&LW\+DOOGHVLJQHGE\3XJHW WKHSRUW
ZLWKLWVEULFNTXD\VZKHUHWKH\KDGERWKSOD\HGLQ
FKLOGKRRGDQGLWZDVZLWKRQHDFFRUGWKDWWKH\VWRSSHGRQ
WKH&DQQHELHUH$YHVVHOZDVVHWWLQJVDLOIRU$OJLHUVRQ
ERDUGRIZKLFKWKHEXVWOHXVXDOO\DWWHQGLQJGHSDUWXUH
SUHYDLOHG7KHSDVVHQJHUVDQGWKHLUUHODWLRQVFURZGHGRQWKH
GHFNIULHQGVWDNLQJDWHQGHUEXWVRUURZIXOOHDYHRIHDFK
RWKHUVRPHZHHSLQJRWKHUVQRLV\LQWKHLUJULHIWKHZKROH
IRUPLQJDVSHFWDFOHWKDWPLJKWEHH[FLWLQJHYHQWRWKRVHZKR
ZLWQHVVHGVLPLODUVLJKWVGDLO\EXWZKLFKKDGQRSRZHUWR

1347

GLVWXUEWKHFXUUHQWRIWKRXJKWWKDWKDGWDNHQSRVVHVVLRQRI
WKHPLQGRI0D[LPLOLDQIURPWKHPRPHQWKHKDGVHWIRRWRQ
WKHEURDGSDYHPHQWRIWKHTXD\
3LHUUH3XJHWWKHVFXOSWRUDUFKLWHFWZDVERUQDW
0DUVHLOOHVLQ
+HUHVDLGKHOHDQLQJKHDYLO\RQWKHDUPRI0RQWH&ULVWR
KHUHLVWKHVSRWZKHUHP\IDWKHUVWRSSHGZKHQWKH
3KDUDRQHQWHUHGWKHSRUWLWZDVKHUHWKDWWKHJRRGROGPDQ
ZKRP\RXVDYHGIURPGHDWKDQGGLVKRQRUWKUHZKLPVHOILQWR
P\DUPV,\HWIHHOKLVZDUPWHDUVRQP\IDFHDQGKLVZHUH
QRWWKHRQO\WHDUVVKHGIRUPDQ\ZKRZLWQHVVHGRXUPHHWLQJ
ZHSWDOVR0RQWH&ULVWRJHQWO\VPLOHGDQGVDLG,ZDV
WKHUHDWWKHVDPHWLPHSRLQWLQJWRWKHFRUQHURIDVWUHHW
$VKHVSRNHDQGLQWKHYHU\GLUHFWLRQKHLQGLFDWHGD
JURDQH[SUHVVLYHRIELWWHUJULHIZDVKHDUGDQGDZRPDQ
ZDVVHHQZDYLQJKHUKDQGWRDSDVVHQJHURQERDUGWKHYHVVHO
DERXWWRVDLO0RQWH&ULVWRORRNHGDWKHUZLWKDQHPRWLRQ
WKDWPXVWKDYHEHHQUHPDUNHGE\0RUUHOKDGQRWKLVH\HVEHHQ
IL[HGRQWKHYHVVHO
2KKHDYHQVH[FODLPHG0RUUHO,GRQRWGHFHLYHP\VHOI
WKDW\RXQJPDQZKRLVZDYLQJKLVKDWWKDW\RXWKLQWKH
XQLIRUPRIDOLHXWHQDQWLV$OEHUWGH0RUFHUI
<HVVDLG0RQWH&ULVWR,UHFRJQL]HGKLP
+RZVR"\RXZHUHORRNLQJWKHRWKHUZD\WKHFRXQW
VPLOHGDVKHZDVLQWKHKDELWRIGRLQJZKHQKHGLGQRWZDQW
WRPDNHDQ\UHSO\DQGKHDJDLQWXUQHGWRZDUGVWKHYHLOHG
ZRPDQZKRVRRQGLVDSSHDUHGDWWKHFRUQHURIWKHVWUHHW
7XUQLQJWRKLVIULHQG'HDU0D[LPLOLDQVDLGWKHFRXQW
KDYH\RXQRWKLQJWRGRLQWKLVODQG"
,KDYHWRZHHSRYHUWKHJUDYHRIP\IDWKHUUHSOLHG0RUUHO
LQDEURNHQYRLFH
:HOOWKHQJRZDLWIRUPHWKHUHDQG,ZLOOVRRQMRLQ
\RX
<RXOHDYHPHWKHQ"
<HV,DOVRKDYHDSLRXVYLVLWWRSD\

1348

0RUUHODOORZHGKLVKDQGWRIDOOLQWRWKDWZKLFKWKHFRXQW
H[WHQGHGWRKLPWKHQZLWKDQLQH[SUHVVLEO\VRUURZIXO
LQFOLQDWLRQRIWKHKHDGKHTXLWWHGWKHFRXQWDQGEHQWKLV
VWHSVWRWKHHDVWRIWKHFLW\0RQWH&ULVWRUHPDLQHGRQWKH
VDPHVSRWXQWLO0D[LPLOLDQZDVRXWRIVLJKWKHWKHQZDONHG
VORZO\WRZDUGVWKH$OOHHVGH0HLOODQWRVHHNRXWDVPDOO
KRXVHZLWKZKLFKRXUUHDGHUVZHUHPDGHIDPLOLDUDWWKH
EHJLQQLQJRIWKLVVWRU\,W\HWVWRRGXQGHUWKHVKDGHRI
WKHILQHDYHQXHRIOLPHWUHHVZKLFKIRUPVRQHRIWKHPRVW
IUHTXHQWZDONVRIWKHLGOHUVRI0DUVHLOOHVFRYHUHGE\DQ
LPPHQVHYLQHZKLFKVSUHDGVLWVDJHGDQGEODFNHQHGEUDQFKHV
RYHUWKHVWRQHIURQWEXUQW\HOORZE\WKHDUGHQWVXQRIWKH
VRXWK7ZRVWRQHVWHSVZRUQDZD\E\WKHIULFWLRQRIPDQ\
IHHWOHGWRWKHGRRUZKLFKZDVPDGHRIWKUHHSODQNVWKH
GRRUKDGQHYHUEHHQSDLQWHGRUYDUQLVKHGVRJUHDWFUDFNV
\DZQHGLQLWGXULQJWKHGU\VHDVRQWRFORVHDJDLQZKHQWKH
UDLQVFDPHRQ7KHKRXVHZLWKDOOLWVFUXPEOLQJDQWLTXLW\
DQGDSSDUHQWPLVHU\ZDV\HWFKHHUIXODQGSLFWXUHVTXHDQG
ZDVWKHVDPHWKDWROG'DQWHVIRUPHUO\LQKDELWHGWKHRQO\
GLIIHUHQFHEHLQJWKDWWKHROGPDQRFFXSLHGPHUHO\WKH
JDUUHWZKLOHWKHZKROHKRXVHZDVQRZSODFHGDWWKHFRPPDQG
RI0HUFHGHVE\WKHFRXQW
7KHZRPDQZKRPWKHFRXQWKDGVHHQOHDYHWKHVKLSZLWKVR
PXFKUHJUHWHQWHUHGWKLVKRXVHVKHKDGVFDUFHO\FORVHGWKH
GRRUDIWHUKHUZKHQ0RQWH&ULVWRDSSHDUHGDWWKHFRUQHURID
VWUHHWVRWKDWKHIRXQGDQGORVWKHUDJDLQDOPRVWDWWKH
VDPHLQVWDQW7KHZRUQRXWVWHSVZHUHROGDFTXDLQWDQFHVRI
KLVKHNQHZEHWWHUWKDQDQ\RQHHOVHKRZWRRSHQWKDW
ZHDWKHUEHDWHQGRRUZLWKWKHODUJHKHDGHGQDLOZKLFKVHUYHG
WRUDLVHWKHODWFKZLWKLQ+HHQWHUHGZLWKRXWNQRFNLQJRU
JLYLQJDQ\RWKHULQWLPDWLRQRIKLVSUHVHQFHDVLIKHKDG
EHHQDIULHQGRUWKHPDVWHURIWKHSODFH$WWKHHQGRID
SDVVDJHSDYHGZLWKEULFNVZDVDOLWWOHJDUGHQEDWKHGLQ
VXQVKLQHDQGULFKLQZDUPWKDQGOLJKW,QWKLVJDUGHQ
0HUFHGHVKDGIRXQGDWWKHSODFHLQGLFDWHGE\WKHFRXQWWKH
VXPRIPRQH\ZKLFKKHWKURXJKDVHQVHRIGHOLFDF\KDG
GHVFULEHGDVKDYLQJEHHQSODFHGWKHUHWZHQW\IRXU\HDUV
SUHYLRXVO\7KHWUHHVRIWKHJDUGHQZHUHHDVLO\VHHQIURP
WKHVWHSVRIWKHVWUHHWGRRU0RQWH&ULVWRRQVWHSSLQJLQWR
WKHKRXVHKHDUGDVLJKWKDWZDVDOPRVWDGHHSVREKH
ORRNHGLQWKHGLUHFWLRQZKHQFHLWFDPHDQGWKHUHXQGHUDQ
DUERURI9LUJLQLDMHVVDPLQH ZLWKLWVWKLFNIROLDJHDQG

1349

EHDXWLIXOORQJSXUSOHIORZHUVKHVDZ0HUFHGHVVHDWHGZLWK
KHUKHDGERZHGDQGZHHSLQJELWWHUO\6KHKDGUDLVHGKHU
YHLODQGZLWKKHUIDFHKLGGHQE\KHUKDQGVZDVJLYLQJIUHH
VFRSHWRWKHVLJKVDQGWHDUVZKLFKKDGEHHQVRORQJ
UHVWUDLQHGE\WKHSUHVHQFHRIKHUVRQ0RQWH&ULVWRDGYDQFHG
DIHZVWHSVZKLFKZHUHKHDUGRQWKHJUDYHO0HUFHGHVUDLVHG
KHUKHDGDQGXWWHUHGDFU\RIWHUURURQEHKROGLQJDPDQ
EHIRUHKHU
7KH&DUROLQDQRW9LUJLQLDMHVVDPLQHJHOVHPLXP
VHPSHUYLUHQV SURSHUO\VSHDNLQJQRWDMHVVDPLQHDWDOO KDV
\HOORZEORVVRPV7KHUHIHUHQFHLVQRGRXEWWRWKH:LVWDULD
IUXWHVFHQV(G
0DGDPHVDLGWKHFRXQWLWLVQRORQJHULQP\SRZHUWR
UHVWRUH\RXWRKDSSLQHVVEXW,RIIHU\RXFRQVRODWLRQZLOO
\RXGHLJQWRDFFHSWLWDVFRPLQJIURPDIULHQG"
,DPLQGHHGPRVWZUHWFKHGUHSOLHG0HUFHGHV$ORQHLQ
WKHZRUOG,KDGEXWP\VRQDQGKHKDVOHIWPH
+HSRVVHVVHVDQREOHKHDUWPDGDPHUHSOLHGWKHFRXQW
DQGKHKDVDFWHGULJKWO\+HIHHOVWKDWHYHU\PDQRZHVD
WULEXWHWRKLVFRXQWU\VRPHFRQWULEXWHWKHLUWDOHQWV
RWKHUVWKHLULQGXVWU\WKHVHGHYRWHWKHLUEORRGWKRVHWKHLU
QLJKWO\ODERUVWRWKHVDPHFDXVH+DGKHUHPDLQHGZLWK\RX
KLVOLIHPXVWKDYHEHFRPHDKDWHIXOEXUGHQQRUZRXOGKH
KDYHSDUWLFLSDWHGLQ\RXUJULHIV+HZLOOLQFUHDVHLQ
VWUHQJWKDQGKRQRUE\VWUXJJOLQJZLWKDGYHUVLW\ZKLFKKH
ZLOOFRQYHUWLQWRSURVSHULW\/HDYHKLPWREXLOGXSWKH
IXWXUHIRU\RXDQG,YHQWXUHWRVD\\RXZLOOFRQILGHLWWR
VDIHKDQGV
2KUHSOLHGWKHZUHWFKHGZRPDQPRXUQIXOO\VKDNLQJKHU
KHDGWKHSURVSHULW\RIZKLFK\RXVSHDNDQGZKLFKIURP
WKHERWWRPRIP\KHDUW,SUD\*RGLQKLVPHUF\WRJUDQW
KLP,FDQQHYHUHQMR\7KHELWWHUFXSRIDGYHUVLW\KDVEHHQ
GUDLQHGE\PHWRWKHYHU\GUHJVDQG,IHHOWKDWWKHJUDYH
LVQRWIDUGLVWDQW<RXKDYHDFWHGNLQGO\FRXQWLQ
EULQJLQJPHEDFNWRWKHSODFHZKHUH,KDYHHQMR\HGVRPXFK
EOLVV,RXJKWWRPHHWGHDWKRQWKHVDPHVSRWZKHUH
KDSSLQHVVZDVRQFHDOOP\RZQ
$ODVVDLG0RQWH&ULVWR\RXUZRUGVVHDUDQGHPELWWHUP\

1350

KHDUWWKHPRUHVRDV\RXKDYHHYHU\UHDVRQWRKDWHPH,
KDYHEHHQWKHFDXVHRIDOO\RXUPLVIRUWXQHVEXWZK\GR\RX
SLW\LQVWHDGRIEODPLQJPH"<RXUHQGHUPHVWLOOPRUH
XQKDSS\
+DWH\RXEODPH\RX\RX(GPRQG+DWHUHSURDFKWKHPDQ
WKDWKDVVSDUHGP\VRQ
VOLIH)RUZDVLWQRW\RXUIDWDODQG
VDQJXLQDU\LQWHQWLRQWRGHVWUR\WKDWVRQRIZKRP0GH
0RUFHUIZDVVRSURXG"2KORRNDWPHFORVHO\DQGGLVFRYHU
LI\RXFDQHYHQWKHVHPEODQFHRIDUHSURDFKLQPH7KH
FRXQWORRNHGXSDQGIL[HGKLVH\HVRQ0HUFHGHVZKRDURVH
SDUWO\IURPKHUVHDWDQGH[WHQGHGERWKKHUKDQGVWRZDUGV
KLP2KORRNDWPHFRQWLQXHGVKHZLWKDIHHOLQJRI
SURIRXQGPHODQFKRO\P\H\HVQRORQJHUGD]]OHE\WKHLU
EULOOLDQF\IRUWKHWLPHKDVORQJIOHGVLQFH,XVHGWRVPLOH
RQ(GPRQG'DQWHVZKRDQ[LRXVO\ORRNHGRXWIRUPHIURPWKH
ZLQGRZRI\RQGHUJDUUHWWKHQLQKDELWHGE\KLVROGIDWKHU
<HDUVRIJULHIKDYHFUHDWHGDQDE\VVEHWZHHQWKRVHGD\VDQG
WKHSUHVHQW,QHLWKHUUHSURDFK\RXQRUKDWH\RXP\IULHQG
2KQR(GPRQGLWLVP\VHOIWKDW,EODPHP\VHOIWKDW,
KDWH2KPLVHUDEOHFUHDWXUHWKDW,DPFULHGVKHFODVSLQJ
KHUKDQGVDQGUDLVLQJKHUH\HVWRKHDYHQ,RQFHSRVVHVVHG
SLHW\LQQRFHQFHDQGORYHWKHWKUHHLQJUHGLHQWVRIWKH
KDSSLQHVVRIDQJHOVDQGQRZZKDWDP,"0RQWH&ULVWR
DSSURDFKHGKHUDQGVLOHQWO\WRRNKHUKDQG1RVDLGVKH
ZLWKGUDZLQJLWJHQWO\QRP\IULHQGWRXFKPHQRW<RX
KDYHVSDUHGPH\HWRIDOOWKRVHZKRKDYHIDOOHQXQGHU\RXU
YHQJHDQFH,ZDVWKHPRVWJXLOW\7KH\ZHUHLQIOXHQFHGE\
KDWUHGE\DYDULFHDQGE\VHOIORYHEXW,ZDVEDVHDQG
IRUZDQWRIFRXUDJHDFWHGDJDLQVWP\MXGJPHQW1D\GRQRW
SUHVVP\KDQG(GPRQG\RXDUHWKLQNLQJ,DPVXUHRIVRPH
NLQGVSHHFKWRFRQVROHPHEXWGRQRWXWWHULWWRPH
UHVHUYHLWIRURWKHUVPRUHZRUWK\RI\RXUNLQGQHVV6HH
DQGVKHH[SRVHGKHUIDFHFRPSOHWHO\WRYLHZ VHH
PLVIRUWXQHKDVVLOYHUHGP\KDLUP\H\HVKDYHVKHGVRPDQ\
WHDUVWKDWWKH\DUHHQFLUFOHGE\DULPRISXUSOHDQGP\
EURZLVZULQNOHG<RX(GPRQGRQWKHFRQWUDU\\RXDUH
VWLOO\RXQJKDQGVRPHGLJQLILHGLWLVEHFDXVH\RXKDYHKDG
IDLWKEHFDXVH\RXKDYHKDGVWUHQJWKEHFDXVH\RXKDYHKDG
WUXVWLQ*RGDQG*RGKDVVXVWDLQHG\RX%XWDVIRUPH,
KDYHEHHQDFRZDUG,KDYHGHQLHG*RGDQGKHKDVDEDQGRQHG
PH
0HUFHGHVEXUVWLQWRWHDUVKHUZRPDQ
VKHDUWZDVEUHDNLQJ

1351

XQGHULWVORDGRIPHPRULHV0RQWH&ULVWRWRRNKHUKDQGDQG
LPSULQWHGDNLVVRQLWEXWVKHKHUVHOIIHOWWKDWLWZDVD
NLVVRIQRJUHDWHUZDUPWKWKDQKHZRXOGKDYHEHVWRZHGRQWKH
KDQGRIVRPHPDUEOHVWDWXHRIDVDLQW,WRIWHQKDSSHQV
FRQWLQXHGVKHWKDWDILUVWIDXOWGHVWUR\VWKHSURVSHFWVRI
DZKROHOLIH,EHOLHYHG\RXGHDGZK\GLG,VXUYLYH\RX"
:KDWJRRGKDVLWGRQHPHWRPRXUQIRU\RXHWHUQDOO\LQWKH
VHFUHWUHFHVVHVRIP\KHDUW"RQO\WRPDNHDZRPDQRI
WKLUW\QLQHORRNOLNHDZRPDQRIILIW\:K\KDYLQJ
UHFRJQL]HG\RXDQG,WKHRQO\RQHWRGRVRZK\ZDV,
DEOHWRVDYHP\VRQDORQH"2XJKW,QRWDOVRWRKDYHUHVFXHG
WKHPDQWKDW,KDGDFFHSWHGIRUDKXVEDQGJXLOW\WKRXJKKH
ZHUH"<HW,OHWKLPGLH:KDWGR,VD\"2KPHUFLIXO
KHDYHQVZDV,QRWDFFHVVRU\WRKLVGHDWKE\P\VXSLQH
LQVHQVLELOLW\E\P\FRQWHPSWIRUKLPQRWUHPHPEHULQJRU
QRWZLOOLQJWRUHPHPEHUWKDWLWZDVIRUP\VDNHKHKDG
EHFRPHDWUDLWRUDQGDSHUMXUHU",QZKDWDP,EHQHILWHGE\
DFFRPSDQ\LQJP\VRQVRIDUVLQFH,QRZDEDQGRQKLPDQG
DOORZKLPWRGHSDUWDORQHWRWKHEDQHIXOFOLPDWHRI$IULFD"
2K,KDYHEHHQEDVHFRZDUGO\,WHOO\RX,KDYHDEMXUHG
P\DIIHFWLRQVDQGOLNHDOOUHQHJDGHV,DPRIHYLORPHQWR
WKRVHZKRVXUURXQGPH
1R0HUFHGHVVDLG0RQWH&ULVWRQR\RXMXGJH\RXUVHOI
ZLWKWRRPXFKVHYHULW\<RXDUHDQREOHPLQGHGZRPDQDQGLW
ZDV\RXUJULHIWKDWGLVDUPHGPH6WLOO,ZDVEXWDQDJHQW
OHGRQE\DQLQYLVLEOHDQGRIIHQGHG'HLW\ZKRFKRVHQRWWR
ZLWKKROGWKHIDWDOEORZWKDW,ZDVGHVWLQHGWRKXUO,WDNH
WKDW*RGWRZLWQHVVDWZKRVHIHHW,KDYHSURVWUDWHGP\VHOI
GDLO\IRUWKHODVWWHQ\HDUVWKDW,ZRXOGKDYHVDFULILFHG
P\OLIHWR\RXDQGZLWKP\OLIHWKHSURMHFWVWKDWZHUH
LQGLVVROXEO\OLQNHGZLWKLW%XWDQG,VD\LWZLWKVRPH
SULGH0HUFHGHV*RGQHHGHGPHDQG,OLYHG([DPLQHWKH
SDVWDQGWKHSUHVHQWDQGHQGHDYRUWRGLYHLQWRIXWXULW\
DQGWKHQVD\ZKHWKHU,DPQRWDGLYLQHLQVWUXPHQW7KHPRVW
GUHDGIXOPLVIRUWXQHVWKHPRVWIULJKWIXOVXIIHULQJVWKH
DEDQGRQPHQWRIDOOWKRVHZKRORYHGPHWKHSHUVHFXWLRQRI
WKRVHZKRGLGQRWNQRZPHIRUPHGWKHWULDOVRIP\\RXWK
ZKHQVXGGHQO\IURPFDSWLYLW\VROLWXGHPLVHU\,ZDV
UHVWRUHGWROLJKWDQGOLEHUW\DQGEHFDPHWKHSRVVHVVRURID
IRUWXQHVREULOOLDQWVRXQERXQGHGVRXQKHDUGRIWKDW,
PXVWKDYHEHHQEOLQGQRWWREHFRQVFLRXVWKDW*RGKDG
HQGRZHGPHZLWKLWWRZRUNRXWKLVRZQJUHDWGHVLJQV)URP
WKDWWLPH,ORRNHGXSRQWKLVIRUWXQHDVVRPHWKLQJFRQILGHG

1352

WRPHIRUDQHVSHFLDOSXUSRVH1RWDWKRXJKWZDVJLYHQWRD
OLIHZKLFK\RXRQFH0HUFHGHVKDGWKHSRZHUWRUHQGHU
EOLVVIXOQRWRQHKRXURISHDFHIXOFDOPZDVPLQHEXW,IHOW
P\VHOIGULYHQRQOLNHDQH[WHUPLQDWLQJDQJHO/LNH
DGYHQWXURXVFDSWDLQVDERXWWRHPEDUNRQVRPHHQWHUSULVHIXOO
RIGDQJHU,ODLGLQP\SURYLVLRQV,ORDGHGP\ZHDSRQV,
FROOHFWHGHYHU\PHDQVRIDWWDFNDQGGHIHQFH,LQXUHGP\
ERG\WRWKHPRVWYLROHQWH[HUFLVHVP\VRXOWRWKHELWWHUHVW
WULDOV,WDXJKWP\DUPWRVOD\P\H\HVWREHKROG
H[FUXFLDWLQJVXIIHULQJVDQGP\PRXWKWRVPLOHDWWKHPRVW
KRUULGVSHFWDFOHV*RRGQDWXUHGFRQILGLQJDQGIRUJLYLQJDV
,KDGEHHQ,EHFDPHUHYHQJHIXOFXQQLQJDQGZLFNHGRU
UDWKHULPPRYDEOHDVIDWH7KHQ,ODXQFKHGRXWLQWRWKHSDWK
WKDWZDVRSHQHGWRPH,RYHUFDPHHYHU\REVWDFOHDQG
UHDFKHGWKHJRDOEXWZRHWRWKRVHZKRVWRRGLQP\SDWKZD\
(QRXJKVDLG0HUFHGHVHQRXJK(GPRQG%HOLHYHPHWKDW
VKHZKRDORQHUHFRJQL]HG\RXKDVEHHQWKHRQO\RQHWR
FRPSUHKHQG\RXDQGKDGVKHFURVVHG\RXUSDWKDQG\RXKDG
FUXVKHGKHUOLNHJODVVVWLOO(GPRQGVWLOOVKHPXVWKDYH
DGPLUHG\RX/LNHWKHJXOIEHWZHHQPHDQGWKHSDVWWKHUHLV
DQDE\VVEHWZHHQ\RX(GPRQGDQGWKHUHVWRIPDQNLQGDQG,
WHOO\RXIUHHO\WKDWWKHFRPSDULVRQ,GUDZEHWZHHQ\RXDQG
RWKHUPHQZLOOHYHUEHRQHRIP\JUHDWHVWWRUWXUHV1R
WKHUHLVQRWKLQJLQWKHZRUOGWRUHVHPEOH\RXLQZRUWKDQG
JRRGQHVV%XWZHPXVWVD\IDUHZHOO(GPRQGDQGOHWXV
SDUW
%HIRUH,OHDYH\RX0HUFHGHVKDYH\RXQRUHTXHVWWRPDNH"
VDLGWKHFRXQW
,GHVLUHEXWRQHWKLQJLQWKLVZRUOG(GPRQGWKH
KDSSLQHVVRIP\VRQ
3UD\WRWKH$OPLJKW\WRVSDUHKLVOLIHDQG,ZLOOWDNH
XSRQP\VHOIWRSURPRWHKLVKDSSLQHVV
7KDQN\RX(GPRQG
%XWKDYH\RXQRUHTXHVWWRPDNHIRU\RXUVHOI0HUFHGHV"
)RUP\VHOI,ZDQWQRWKLQJ,OLYHDVLWZHUHEHWZHHQWZR
JUDYHV2QHLVWKDWRI(GPRQG'DQWHVORVWWRPHORQJORQJ
VLQFH+HKDGP\ORYH7KDWZRUGLOOEHFRPHVP\IDGHGOLS

1353

QRZEXWLWLVDPHPRU\GHDUWRP\KHDUWDQGRQHWKDW,
ZRXOGQRWORVHIRUDOOWKDWWKHZRUOGFRQWDLQV7KHRWKHU
JUDYHLVWKDWRIWKHPDQZKRPHWKLVGHDWKIURPWKHKDQGRI
(GPRQG'DQWHV,DSSURYHRIWKHGHHGEXW,PXVWSUD\IRU
WKHGHDG
<RXUVRQVKDOOEHKDSS\0HUFHGHVUHSHDWHGWKHFRXQW
7KHQ,VKDOOHQMR\DVPXFKKDSSLQHVVDVWKLVZRUOGFDQ
SRVVLEO\FRQIHU
%XWZKDWDUH\RXULQWHQWLRQV"
7RVD\WKDW,VKDOOOLYHKHUHOLNHWKH0HUFHGHVRIRWKHU
WLPHVJDLQLQJP\EUHDGE\ODERUZRXOGQRWEHWUXHQRU
ZRXOG\RXEHOLHYHPH,KDYHQRORQJHUWKHVWUHQJWKWRGR
DQ\WKLQJEXWWRVSHQGP\GD\VLQSUD\HU+RZHYHU,VKDOO
KDYHQRRFFDVLRQWRZRUNIRUWKHOLWWOHVXPRIPRQH\EXULHG
E\\RXDQGZKLFK,IRXQGLQWKHSODFH\RXPHQWLRQHGZLOO
EHVXIILFLHQWWRPDLQWDLQPH5XPRUZLOOSUREDEO\EHEXV\
UHVSHFWLQJPHP\RFFXSDWLRQVP\PDQQHURIOLYLQJWKDW
ZLOOVLJQLI\EXWOLWWOH
0HUFHGHVVDLGWKHFRXQW,GRQRWVD\LWWREODPH\RX
EXW\RXPDGHDQXQQHFHVVDU\VDFULILFHLQUHOLQTXLVKLQJWKH
ZKROHRIWKHIRUWXQHDPDVVHGE\0GH0RUFHUIKDOIRILWDW
OHDVWE\ULJKWEHORQJHGWR\RXLQYLUWXHRI\RXUYLJLODQFH
DQGHFRQRP\
,SHUFHLYHZKDW\RXDUHLQWHQGLQJWRSURSRVHWRPHEXW,
FDQQRWDFFHSWLW(GPRQGP\VRQZRXOGQRWSHUPLWLW
1RWKLQJVKDOOEHGRQHZLWKRXWWKHIXOODSSUREDWLRQRI
$OEHUWGH0RUFHUI,ZLOOPDNHP\VHOIDFTXDLQWHGZLWKKLV
LQWHQWLRQVDQGZLOOVXEPLWWRWKHP%XWLIKHEHZLOOLQJWR
DFFHSWP\RIIHUVZLOO\RXRSSRVHWKHP"
<RXZHOONQRZ(GPRQGWKDW,DPQRORQJHUDUHDVRQLQJ
FUHDWXUH,KDYHQRZLOOXQOHVVLWEHWKHZLOOQHYHUWR
GHFLGH,KDYHEHHQVRRYHUZKHOPHGE\WKHPDQ\VWRUPVWKDW
KDYHEURNHQRYHUP\KHDGWKDW,DPEHFRPHSDVVLYHLQWKH
KDQGVRIWKH$OPLJKW\OLNHDVSDUURZLQWKHWDORQVRIDQ
HDJOH,OLYHEHFDXVHLWLVQRWRUGDLQHGIRUPHWRGLH,I
VXFFRUEHVHQWWRPH,ZLOODFFHSWLW

1354

$KPDGDPHVDLG0RQWH&ULVWR\RXVKRXOGQRWWDONWKXV
,WLVQRWVRZHVKRXOGHYLQFHRXUUHVLJQDWLRQWRWKHZLOORI
KHDYHQRQWKHFRQWUDU\ZHDUHDOOIUHHDJHQWV
$ODVH[FODLPHG0HUFHGHVLILWZHUHVRLI,SRVVHVVHG
IUHHZLOOEXWZLWKRXWWKHSRZHUWRUHQGHUWKDWZLOO
HIILFDFLRXVLWZRXOGGULYHPHWRGHVSDLU0RQWH&ULVWR
GURSSHGKLVKHDGDQGVKUDQNIURPWKHYHKHPHQFHRIKHUJULHI
:LOO\RXQRWHYHQVD\\RXZLOOVHHPHDJDLQ"KHDVNHG
2QWKHFRQWUDU\ZHVKDOOPHHWDJDLQVDLG0HUFHGHV
SRLQWLQJWRKHDYHQZLWKVROHPQLW\,WHOO\RXVRWRSURYH
WR\RXWKDW,VWLOOKRSH$QGDIWHUSUHVVLQJKHURZQ
WUHPEOLQJKDQGXSRQWKDWRIWKHFRXQW0HUFHGHVUXVKHGXS
WKHVWDLUVDQGGLVDSSHDUHG0RQWH&ULVWRVORZO\OHIWWKH
KRXVHDQGWXUQHGWRZDUGVWKHTXD\%XW0HUFHGHVGLGQRW
ZLWQHVVKLVGHSDUWXUHDOWKRXJKVKHZDVVHDWHGDWWKHOLWWOH
ZLQGRZRIWKHURRPZKLFKKDGEHHQRFFXSLHGE\ROG'DQWHV
+HUH\HVZHUHVWUDLQLQJWRVHHWKHVKLSZKLFKZDVFDUU\LQJ
KHUVRQRYHUWKHYDVWVHDEXWVWLOOKHUYRLFHLQYROXQWDULO\
PXUPXUHGVRIWO\(GPRQG(GPRQG(GPRQG

&KDSWHU
7KH3DVW
7KHFRXQWGHSDUWHGZLWKDVDGKHDUWIURPWKHKRXVHLQZKLFK
KHKDGOHIW0HUFHGHVSUREDEO\QHYHUWREHKROGKHUDJDLQ
6LQFHWKHGHDWKRIOLWWOH(GZDUGDJUHDWFKDQJHKDGWDNHQ
SODFHLQ0RQWH&ULVWR+DYLQJUHDFKHGWKHVXPPLWRIKLV
YHQJHDQFHE\DORQJDQGWRUWXRXVSDWKKHVDZDQDE\VVRI
GRXEW\DZQLQJEHIRUHKLP0RUHWKDQWKLVWKHFRQYHUVDWLRQ
ZKLFKKDGMXVWWDNHQSODFHEHWZHHQ0HUFHGHVDQGKLPVHOIKDG
DZDNHQHGVRPDQ\UHFROOHFWLRQVLQKLVKHDUWWKDWKHIHOWLW
QHFHVVDU\WRFRPEDWZLWKWKHP$PDQRIWKHFRXQW
V
WHPSHUDPHQWFRXOGQRWORQJLQGXOJHLQWKDWPHODQFKRO\ZKLFK
FDQH[LVWLQFRPPRQPLQGVEXWZKLFKGHVWUR\VVXSHULRURQHV
+HWKRXJKWKHPXVWKDYHPDGHDQHUURULQKLVFDOFXODWLRQVLI
KHQRZIRXQGFDXVHWREODPHKLPVHOI
,FDQQRWKDYHGHFHLYHGP\VHOIKHVDLG,PXVWORRNXSRQ
WKHSDVWLQDIDOVHOLJKW:KDWKHFRQWLQXHGFDQ,KDYH

1355

EHHQIROORZLQJDIDOVHSDWK"FDQWKHHQGZKLFK,SURSRVHG
EHDPLVWDNHQHQG"FDQRQHKRXUKDYHVXIILFHGWRSURYHWR
DQDUFKLWHFWWKDWWKHZRUNXSRQZKLFKKHIRXQGHGDOOKLV
KRSHVZDVDQLPSRVVLEOHLIQRWDVDFULOHJLRXVXQGHUWDNLQJ"
,FDQQRWUHFRQFLOHP\VHOIWRWKLVLGHDLWZRXOGPDGGHQ
PH7KHUHDVRQZK\,DPQRZGLVVDWLVILHGLVWKDW,KDYHQRW
DFOHDUDSSUHFLDWLRQRIWKHSDVW7KHSDVWOLNHWKHFRXQWU\
WKURXJKZKLFKZHZDONEHFRPHVLQGLVWLQFWDVZHDGYDQFH0\
SRVLWLRQLVOLNHWKDWRIDSHUVRQZRXQGHGLQDGUHDPKH
IHHOVWKHZRXQGWKRXJKKHFDQQRWUHFROOHFWZKHQKHUHFHLYHG
LW&RPHWKHQWKRXUHJHQHUDWHPDQWKRXH[WUDYDJDQW
SURGLJDOWKRXDZDNHQHGVOHHSHUWKRXDOOSRZHUIXO
YLVLRQDU\WKRXLQYLQFLEOHPLOOLRQDLUHRQFHDJDLQUHYLHZ
WK\SDVWOLIHRIVWDUYDWLRQDQGZUHWFKHGQHVVUHYLVLWWKH
VFHQHVZKHUHIDWHDQGPLVIRUWXQHFRQGXFWHGDQGZKHUH
GHVSDLUUHFHLYHGWKHH7RRPDQ\GLDPRQGVWRRPXFKJROGDQG
VSOHQGRUDUHQRZUHIOHFWHGE\WKHPLUURULQZKLFK0RQWH
&ULVWRVHHNVWREHKROG'DQWHV+LGHWK\GLDPRQGVEXU\WK\
JROGVKURXGWK\VSOHQGRUH[FKDQJHULFKHVIRUSRYHUW\
OLEHUW\IRUDSULVRQDOLYLQJERG\IRUDFRUSVH$VKH
WKXVUHDVRQHG0RQWH&ULVWRZDONHGGRZQWKH5XHGHOD
&DLVVHULH,WZDVWKHVDPHWKURXJKZKLFKWZHQW\IRXU\HDUV
DJRKHKDGEHHQFRQGXFWHGE\DVLOHQWDQGQRFWXUQDOJXDUG
WKHKRXVHVWRGD\VRVPLOLQJDQGDQLPDWHGZHUHRQWKDW
QLJKWGDUNPXWHDQGFORVHG$QG\HWWKH\ZHUHWKHVDPH
PXUPXUHG0RQWH&ULVWRRQO\QRZLWLVEURDGGD\OLJKW
LQVWHDGRIQLJKWLWLVWKHVXQZKLFKEULJKWHQVWKHSODFH
DQGPDNHVLWDSSHDUVRFKHHUIXO
+HSURFHHGHGWRZDUGVWKHTXD\E\WKH5XH6DLQW/DXUHQWDQG
DGYDQFHGWRWKH&RQVLJQHLWZDVWKHSRLQWZKHUHKHKDG
HPEDUNHG$SOHDVXUHERDWZLWKVWULSHGDZQLQJZDVJRLQJE\
0RQWH&ULVWRFDOOHGWKHRZQHUZKRLPPHGLDWHO\URZHGXSWR
KLPZLWKWKHHDJHUQHVVRIDERDWPDQKRSLQJIRUDJRRGIDUH
7KHZHDWKHUZDVPDJQLILFHQWDQGWKHH[FXUVLRQDWUHDW
7KHVXQUHGDQGIODPLQJZDVVLQNLQJLQWRWKHHPEUDFHRI
WKHZHOFRPLQJRFHDQ7KHVHDVPRRWKDVFU\VWDOZDVQRZDQG
WKHQGLVWXUEHGE\WKHOHDSLQJRIILVKZKLFKZHUHSXUVXHGE\
VRPHXQVHHQHQHP\DQGVRXJKWIRUVDIHW\LQDQRWKHUHOHPHQW
ZKLOHRQWKHH[WUHPHYHUJHRIWKHKRUL]RQPLJKWEHVHHQWKH
ILVKHUPHQ
VERDWVZKLWHDQGJUDFHIXODVWKHVHDJXOORU
WKHPHUFKDQWYHVVHOVERXQGIRU&RUVLFDRU6SDLQ

1356

%XWQRWZLWKVWDQGLQJWKHVHUHQHVN\WKHJUDFHIXOO\IRUPHG
ERDWVDQGWKHJROGHQOLJKWLQZKLFKWKHZKROHVFHQHZDV
EDWKHGWKH&RXQWRI0RQWH&ULVWRZUDSSHGLQKLVFORDN
FRXOGWKLQNRQO\RIWKLVWHUULEOHYR\DJHWKHGHWDLOVRI
ZKLFKZHUHRQHE\RQHUHFDOOHGWRKLVPHPRU\7KHVROLWDU\
OLJKWEXUQLQJDWWKH&DWDODQVWKDWILUVWVLJKWRIWKH
&KDWHDXG
,IZKLFKWROGKLPZKLWKHUWKH\ZHUHOHDGLQJKLP
WKHVWUXJJOHZLWKWKHJHQGDUPHVZKHQKHZLVKHGWRWKURZ
KLPVHOIRYHUERDUGKLVGHVSDLUZKHQKHIRXQGKLPVHOI
YDQTXLVKHGDQGWKHVHQVDWLRQZKHQWKHPX]]OHRIWKHFDUELQH
WRXFKHGKLVIRUHKHDGDOOWKHVHZHUHEURXJKWEHIRUHKLPLQ
YLYLGDQGIULJKWIXOUHDOLW\/LNHWKHVWUHDPVZKLFKWKHKHDW
RIWKHVXPPHUKDVGULHGXSDQGZKLFKDIWHUWKHDXWXPQDO
VWRUPVJUDGXDOO\EHJLQRR]LQJGURSE\GURSVRGLGWKHFRXQW
IHHOKLVKHDUWJUDGXDOO\ILOOZLWKWKHELWWHUQHVVZKLFK
IRUPHUO\QHDUO\RYHUZKHOPHG(GPRQG'DQWHV&OHDUVN\
VZLIWIOLWWLQJERDWVDQGEULOOLDQWVXQVKLQHGLVDSSHDUHG
WKHKHDYHQVZHUHKXQJZLWKEODFNDQGWKHJLJDQWLFVWUXFWXUH
RIWKH&KDWHDXG
,IVHHPHGOLNHWKHSKDQWRPRIDPRUWDO
HQHP\$VWKH\UHDFKHGWKHVKRUHWKHFRXQWLQVWLQFWLYHO\
VKUXQNWRWKHH[WUHPHHQGRIWKHERDWDQGWKHRZQHUZDV
REOLJHGWRFDOORXWLQKLVVZHHWHVWWRQHRIYRLFH6LUZH
DUHDWWKHODQGLQJ
0RQWH&ULVWRUHPHPEHUHGWKDWRQWKDWYHU\VSRWRQWKHVDPH
URFNKHKDGEHHQYLROHQWO\GUDJJHGE\WKHJXDUGVZKR
IRUFHGKLPWRDVFHQGWKHVORSHDWWKHSRLQWVRIWKHLU
ED\RQHWV7KHMRXUQH\KDGVHHPHGYHU\ORQJWR'DQWHVEXW
0RQWH&ULVWRIRXQGLWHTXDOO\VKRUW(DFKVWURNHRIWKHRDU
VHHPHGWRDZDNHQDQHZWKURQJRILGHDVZKLFKVSUDQJXSZLWK
WKHIO\LQJVSUD\RIWKHVHD
7KHUHKDGEHHQQRSULVRQHUVFRQILQHGLQWKH&KDWHDXG
,I
VLQFHWKHUHYROXWLRQRI-XO\LWZDVRQO\LQKDELWHGE\D
JXDUGNHSWWKHUHIRUWKHSUHYHQWLRQRIVPXJJOLQJ$
FRQFLHUJHZDLWHGDWWKHGRRUWRH[KLELWWRYLVLWRUVWKLV
PRQXPHQWRIFXULRVLW\RQFHDVFHQHRIWHUURU7KHFRXQW
LQTXLUHGZKHWKHUDQ\RIWKHDQFLHQWMDLOHUVZHUHVWLOO
WKHUHEXWWKH\KDGDOOEHHQSHQVLRQHGRUKDGSDVVHGRQWR
VRPHRWKHUHPSOR\PHQW7KHFRQFLHUJHZKRDWWHQGHGKLPKDG
RQO\EHHQWKHUHVLQFH+HYLVLWHGKLVRZQGXQJHRQ+H
DJDLQEHKHOGWKHGXOOOLJKWYDLQO\HQGHDYRULQJWRSHQHWUDWH
WKHQDUURZRSHQLQJ+LVH\HVUHVWHGXSRQWKHVSRWZKHUHKDG
VWRRGKLVEHGVLQFHWKHQUHPRYHGDQGEHKLQGWKHEHGWKH

1357

QHZVWRQHVLQGLFDWHGZKHUHWKHEUHDFKPDGHE\WKH$EEH)DULD
KDGEHHQ0RQWH&ULVWRIHOWKLVOLPEVWUHPEOHKHVHDWHG
KLPVHOIXSRQDORJRIZRRG
$UHWKHUHDQ\VWRULHVFRQQHFWHGZLWKWKLVSULVRQEHVLGHV
WKHRQHUHODWLQJWRWKHSRLVRQLQJRI0LUDEHDX"DVNHGWKH
FRXQWDUHWKHUHDQ\WUDGLWLRQVUHVSHFWLQJWKHVHGLVPDO
DERGHVLQZKLFKLWLVGLIILFXOWWREHOLHYHPHQFDQHYHU
KDYHLPSULVRQHGWKHLUIHOORZFUHDWXUHV"
<HVVLULQGHHGWKHMDLOHU$QWRLQHWROGPHRQHFRQQHFWHG
ZLWKWKLVYHU\GXQJHRQ
0RQWH&ULVWRVKXGGHUHG$QWRLQHKDGEHHQKLVMDLOHU+HKDG
DOPRVWIRUJRWWHQKLVQDPHDQGIDFHEXWDWWKHPHQWLRQRI
WKHQDPHKHUHFDOOHGKLVSHUVRQDVKHXVHGWRVHHLWWKH
IDFHHQFLUFOHGE\DEHDUGZHDULQJWKHEURZQMDFNHWWKH
EXQFKRINH\VWKHMLQJOLQJRIZKLFKKHVWLOOVHHPHGWR
KHDU7KHFRXQWWXUQHGDURXQGDQGIDQFLHGKHVDZKLPLQWKH
FRUULGRUUHQGHUHGVWLOOGDUNHUE\WKHWRUFKFDUULHGE\WKH
FRQFLHUJH:RXOG\RXOLNHWRKHDUWKHVWRU\VLU"
<HVUHODWHLWVDLG0RQWH&ULVWRSUHVVLQJKLVKDQGWR
KLVKHDUWWRVWLOOLWVYLROHQWEHDWLQJVKHIHOWDIUDLGRI
KHDULQJKLVRZQKLVWRU\
7KLVGXQJHRQVDLGWKHFRQFLHUJHZDVLWDSSHDUVVRPH
WLPHDJRRFFXSLHGE\DYHU\GDQJHURXVSULVRQHUWKHPRUHVR
VLQFHKHZDVIXOORILQGXVWU\$QRWKHUSHUVRQZDVFRQILQHG
LQWKH&KDWHDXDWWKHVDPHWLPHEXWKHZDVQRWZLFNHGKH
ZDVRQO\DSRRUPDGSULHVW
$KLQGHHG"PDGUHSHDWHG0RQWH&ULVWRDQGZKDWZDV
KLVPDQLD"
+HRIIHUHGPLOOLRQVWRDQ\RQHZKRZRXOGVHWKLPDW
OLEHUW\
0RQWH&ULVWRUDLVHGKLVH\HVEXWKHFRXOGQRWVHHWKH
KHDYHQVWKHUHZDVDVWRQHYHLOEHWZHHQKLPDQGWKH
ILUPDPHQW+HWKRXJKWWKDWWKHUHKDGEHHQQROHVVWKLFND
YHLOEHIRUHWKHH\HVRIWKRVHWRZKRP)DULDRIIHUHGWKH
WUHDVXUHV&RXOGWKHSULVRQHUVVHHHDFKRWKHU"KHDVNHG

1358

2KQRVLULWZDVH[SUHVVO\IRUELGGHQEXWWKH\HOXGHG
WKHYLJLODQFHRIWKHJXDUGVDQGPDGHDSDVVDJHIURPRQH
GXQJHRQWRWKHRWKHU
$QGZKLFKRIWKHPPDGHWKLVSDVVDJH"
2KLWPXVWKDYHEHHQWKH\RXQJPDQFHUWDLQO\IRUKHZDV
VWURQJDQGLQGXVWULRXVZKLOHWKHDEEHZDVDJHGDQGZHDN
EHVLGHVKLVPLQGZDVWRRYDFLOODWLQJWRDOORZKLPWRFDUU\
RXWDQLGHD
%OLQGIRROVPXUPXUHGWKHFRXQW
+RZHYHUEHWKDWDVLWPD\WKH\RXQJPDQPDGHDWXQQHO
KRZRUE\ZKDWPHDQVQRRQHNQRZVEXWKHPDGHLWDQGWKHUH
LVWKHHYLGHQFH\HWUHPDLQLQJRIKLVZRUN'R\RXVHHLW"
DQGWKHPDQKHOGWKHWRUFKWRWKHZDOO
$K\HV,VHHVDLGWKHFRXQWLQDYRLFHKRDUVHIURP
HPRWLRQ
7KHUHVXOWZDVWKDWWKHWZRPHQFRPPXQLFDWHGZLWKRQH
DQRWKHUKRZORQJWKH\GLGVRQRERG\NQRZV2QHGD\WKHROG
PDQIHOOLOODQGGLHG1RZJXHVVZKDWWKH\RXQJRQHGLG"
7HOOPH
+HFDUULHGRIIWKHFRUSVHZKLFKKHSODFHGLQKLVRZQEHG
ZLWKLWVIDFHWRWKHZDOOWKHQKHHQWHUHGWKHHPSW\
GXQJHRQFORVHGWKHHQWUDQFHDQGVOLSSHGLQWRWKHVDFN
ZKLFKKDGFRQWDLQHGWKHGHDGERG\'LG\RXHYHUKHDURIVXFK
DQLGHD"0RQWH&ULVWRFORVHGKLVH\HVDQGVHHPHGDJDLQWR
H[SHULHQFHDOOWKHVHQVDWLRQVKHKDGIHOWZKHQWKHFRDUVH
FDQYDV\HWPRLVWZLWKWKHFROGGHZVRIGHDWKKDGWRXFKHG
KLVIDFH7KHMDLOHUFRQWLQXHG1RZWKLVZDVKLVSURMHFW
+HIDQFLHGWKDWWKH\EXULHGWKHGHDGDWWKH&KDWHDXG
,I
DQGLPDJLQLQJWKH\ZRXOGQRWH[SHQGPXFKODERURQWKHJUDYH
RIDSULVRQHUKHFDOFXODWHGRQUDLVLQJWKHHDUWKZLWKKLV
VKRXOGHUVEXWXQIRUWXQDWHO\WKHLUDUUDQJHPHQWVDWWKH
&KDWHDXIUXVWUDWHGKLVSURMHFWV7KH\QHYHUEXULHGWKHGHDG
WKH\PHUHO\DWWDFKHGDKHDY\FDQQRQEDOOWRWKHIHHWDQG
WKHQWKUHZWKHPLQWRWKHVHD7KLVLVZKDWZDVGRQH7KH
\RXQJPDQZDVWKURZQIURPWKHWRSRIWKHURFNWKHFRUSVH
ZDVIRXQGRQWKHEHGQH[WGD\DQGWKHZKROHWUXWKZDV

1359

JXHVVHGIRUWKHPHQZKRSHUIRUPHGWKHRIILFHWKHQPHQWLRQHG
ZKDWWKH\KDGQRWGDUHGWRVSHDNRIEHIRUHWKDWDWWKH
PRPHQWWKHFRUSVHZDVWKURZQLQWRWKHGHHSWKH\KHDUGD
VKULHNZKLFKZDVDOPRVWLPPHGLDWHO\VWLIOHGE\WKHZDWHULQ
ZKLFKLWGLVDSSHDUHG7KHFRXQWEUHDWKHGZLWKGLIILFXOW\
WKHFROGGURSVUDQGRZQKLVIRUHKHDGDQGKLVKHDUWZDVIXOO
RIDQJXLVK
1RKHPXWWHUHGWKHGRXEW,IHOWZDVEXWWKH
FRPPHQFHPHQWRIIRUJHWIXOQHVVEXWKHUHWKHZRXQGUHRSHQV
DQGWKHKHDUWDJDLQWKLUVWVIRUYHQJHDQFH$QGWKH
SULVRQHUKHFRQWLQXHGDORXGZDVKHHYHUKHDUGRI
DIWHUZDUGV"
2KQRRIFRXUVHQRW<RXFDQXQGHUVWDQGWKDWRQHRIWZR
WKLQJVPXVWKDYHKDSSHQHGKHPXVWHLWKHUKDYHIDOOHQIODW
LQZKLFKFDVHWKHEORZIURPDKHLJKWRIQLQHW\IHHWPXVW
KDYHNLOOHGKLPLQVWDQWO\RUKHPXVWKDYHIDOOHQXSULJKW
DQGWKHQWKHZHLJKWZRXOGKDYHGUDJJHGKLPWRWKHERWWRP
ZKHUHKHUHPDLQHGSRRUIHOORZ
7KHQ\RXSLW\KLP"VDLGWKHFRXQW
0DIRL\HVWKRXJKKHZDVLQKLVRZQHOHPHQW
:KDWGR\RXPHDQ"
7KHUHSRUWZDVWKDWKHKDGEHHQDQDYDORIILFHUZKRKDG
EHHQFRQILQHGIRUSORWWLQJZLWKWKH%RQDSDUWLVWV
*UHDWLVWUXWKPXWWHUHGWKHFRXQWILUHFDQQRWEXUQQRU
ZDWHUGURZQLW7KXVWKHSRRUVDLORUOLYHVLQWKH
UHFROOHFWLRQRIWKRVHZKRQDUUDWHKLVKLVWRU\KLVWHUULEOH
VWRU\LVUHFLWHGLQWKHFKLPQH\FRUQHUDQGDVKXGGHULV
IHOWDWWKHGHVFULSWLRQRIKLVWUDQVLWWKURXJKWKHDLUWREH
VZDOORZHGE\WKHGHHS7KHQWKHFRXQWDGGHGDORXG:DV
KLVQDPHHYHUNQRZQ"
2K\HVEXWRQO\DV1R
2K9LOOHIRUW9LOOHIRUWPXUPXUHGWKHFRXQWWKLVVFHQH
PXVWRIWHQKDYHKDXQWHGWK\VOHHSOHVVKRXUV
'R\RXZLVKWRVHHDQ\WKLQJPRUHVLU"VDLGWKHFRQFLHUJH

1360

<HVHVSHFLDOO\LI\RXZLOOVKRZPHWKHSRRUDEEH
VURRP
$K1R
<HV1RUHSHDWHGWKHFRXQWZKRVHHPHGWRKHDUWKH
YRLFHRIWKHDEEHDQVZHULQJKLPLQWKRVHYHU\ZRUGVWKURXJK
WKHZDOOZKHQDVNHGKLVQDPH
&RPHVLU
:DLWVDLG0RQWH&ULVWR,ZLVKWRWDNHRQHILQDOJODQFH
DURXQGWKLVURRP
7KLVLVIRUWXQDWHVDLGWKHJXLGH,KDYHIRUJRWWHQWKH
RWKHUNH\
*RDQGIHWFKLW
,ZLOOOHDYH\RXWKHWRUFKVLU
1RWDNHLWDZD\,FDQVHHLQWKHGDUN
:K\\RXDUHOLNH1R7KH\VDLGKHZDVVRDFFXVWRPHGWR
GDUNQHVVWKDWKHFRXOGVHHDSLQLQWKHGDUNHVWFRUQHURI
KLVGXQJHRQ
+HVSHQWIRXUWHHQ\HDUVWRDUULYHDWWKDWPXWWHUHGWKH
FRXQW
7KHJXLGHFDUULHGDZD\WKHWRUFK7KHFRXQWKDGVSRNHQ
FRUUHFWO\6FDUFHO\KDGDIHZVHFRQGVHODSVHGHUHKHVDZ
HYHU\WKLQJDVGLVWLQFWO\DVE\GD\OLJKW7KHQKHORRNHG
DURXQGKLPDQGUHDOO\UHFRJQL]HGKLVGXQJHRQ
<HVKHVDLGWKHUHLVWKHVWRQHXSRQZKLFK,XVHGWR
VLWWKHUHLVWKHLPSUHVVLRQPDGHE\P\VKRXOGHUVRQWKH
ZDOOWKHUHLVWKHPDUNRIP\EORRGPDGHZKHQRQHGD\,
GDVKHGP\KHDGDJDLQVWWKHZDOO2KWKRVHILJXUHVKRZZHOO
,UHPHPEHUWKHP,PDGHWKHPRQHGD\WRFDOFXODWHWKHDJHRI
P\IDWKHUWKDW,PLJKWNQRZZKHWKHU,VKRXOGILQGKLPVWLOO
OLYLQJDQGWKDWRI0HUFHGHVWRNQRZLI,VKRXOGILQGKHU
VWLOOIUHH$IWHUILQLVKLQJWKDWFDOFXODWLRQ,KDGD
PLQXWH
VKRSH,GLGQRWUHFNRQXSRQKXQJHUDQGLQILGHOLW\

1361

DQGDELWWHUODXJKHVFDSHGWKHFRXQW+HVDZLQIDQF\WKH
EXULDORIKLVIDWKHUDQGWKHPDUULDJHRI0HUFHGHV2QWKH
RWKHUVLGHRIWKHGXQJHRQKHSHUFHLYHGDQLQVFULSWLRQWKH
ZKLWHOHWWHUVRIZKLFKZHUHVWLOOYLVLEOHRQWKHJUHHQZDOO
C2*RG
KHUHDGCSUHVHUYHP\PHPRU\
2K\HVKH
FULHGWKDWZDVP\RQO\SUD\HUDWODVW,QRORQJHUEHJJHG
IRUOLEHUW\EXWPHPRU\,GUHDGHGWREHFRPHPDGDQG
IRUJHWIXO2*RGWKRXKDVWSUHVHUYHGP\PHPRU\,WKDQN
WKHH,WKDQNWKHH$WWKLVPRPHQWWKHOLJKWRIWKHWRUFK
ZDVUHIOHFWHGRQWKHZDOOWKHJXLGHZDVFRPLQJ0RQWH
&ULVWRZHQWWRPHHWKLP
)ROORZPHVLUDQGZLWKRXWDVFHQGLQJWKHVWDLUVWKHJXLGH
FRQGXFWHGKLPE\DVXEWHUUDQHRXVSDVVDJHWRDQRWKHU
HQWUDQFH7KHUHDJDLQ0RQWH&ULVWRZDVDVVDLOHGE\D
PXOWLWXGHRIWKRXJKWV7KHILUVWWKLQJWKDWPHWKLVH\HZDV
WKHPHULGLDQGUDZQE\WKHDEEHRQWKHZDOOE\ZKLFKKH
FDOFXODWHGWKHWLPHWKHQKHVDZWKHUHPDLQVRIWKHEHGRQ
ZKLFKWKHSRRUSULVRQHUKDGGLHG7KHVLJKWRIWKLVLQVWHDG
RIH[FLWLQJWKHDQJXLVKH[SHULHQFHGE\WKHFRXQWLQWKH
GXQJHRQILOOHGKLVKHDUWZLWKDVRIWDQGJUDWHIXO
VHQWLPHQWDQGWHDUVIHOOIURPKLVH\HV
7KLVLVZKHUHWKHPDGDEEHZDVNHSWVLUDQGWKDWLVZKHUH
WKH\RXQJPDQHQWHUHGDQGWKHJXLGHSRLQWHGWRWKH
RSHQLQJZKLFKKDGUHPDLQHGXQFORVHG)URPWKHDSSHDUDQFH
RIWKHVWRQHKHFRQWLQXHGDOHDUQHGJHQWOHPDQGLVFRYHUHG
WKDWWKHSULVRQHUVPLJKWKDYHFRPPXQLFDWHGWRJHWKHUIRUWHQ
\HDUV3RRUWKLQJV7KRVHPXVWKDYHEHHQWHQZHDU\\HDUV
'DQWHVWRRNVRPHORXLVIURPKLVSRFNHWDQGJDYHWKHPWRWKH
PDQZKRKDGWZLFHXQFRQVFLRXVO\SLWLHGKLP7KHJXLGHWRRN
WKHPWKLQNLQJWKHPPHUHO\DIHZSLHFHVRIOLWWOHYDOXHEXW
WKHOLJKWRIWKHWRUFKUHYHDOHGWKHLUWUXHZRUWK6LUKH
VDLG\RXKDYHPDGHDPLVWDNH\RXKDYHJLYHQPHJROG
,NQRZLW7KHFRQFLHUJHORRNHGXSRQWKHFRXQWZLWK
VXUSULVH6LUKHFULHGVFDUFHO\DEOHWREHOLHYHKLVJRRG
IRUWXQHVLU,FDQQRWXQGHUVWDQG\RXUJHQHURVLW\
2KLWLVYHU\VLPSOHP\JRRGIHOORZ,KDYHEHHQD
VDLORUDQG\RXUVWRU\WRXFKHGPHPRUHWKDQLWZRXOG
RWKHUV

1362

7KHQVLUVLQFH\RXDUHVROLEHUDO,RXJKWWRRIIHU\RX
VRPHWKLQJ
:KDWKDYH\RXWRRIIHUWRPHP\IULHQG"6KHOOV"
6WUDZZRUN"7KDQN\RX
1RVLUQHLWKHURIWKRVHVRPHWKLQJFRQQHFWHGZLWKWKLV
VWRU\
5HDOO\":KDWLVLW"
/LVWHQVDLGWKHJXLGH,VDLGWRP\VHOIC6RPHWKLQJLV
DOZD\VOHIWLQDFHOOLQKDELWHGE\RQHSULVRQHUIRUILIWHHQ
\HDUV
VR,EHJDQWRVRXQGWKHZDOO
$KFULHG0RQWH&ULVWRUHPHPEHULQJWKHDEEH
VWZR
KLGLQJSODFHV
$IWHUVRPHVHDUFK,IRXQGWKDWWKHIORRUJDYHDKROORZ
VRXQGQHDUWKHKHDGRIWKHEHGDQGDWWKHKHDUWK
<HVVDLGWKHFRXQW\HV
,UDLVHGWKHVWRQHVDQGIRXQG
$URSHODGGHUDQGVRPHWRROV"
+RZGR\RXNQRZWKDW"DVNHGWKHJXLGHLQDVWRQLVKPHQW
,GRQRWNQRZ,RQO\JXHVVLWEHFDXVHWKDWVRUWRI
WKLQJLVJHQHUDOO\IRXQGLQSULVRQHUV
FHOOV
<HVVLUDURSHODGGHUDQGWRROV
$QGKDYH\RXWKHP\HW"
1RVLU,VROGWKHPWRYLVLWRUVZKRFRQVLGHUHGWKHPJUHDW
FXULRVLWLHVEXW,KDYHVWLOOVRPHWKLQJOHIW
:KDWLVLW"DVNHGWKHFRXQWLPSDWLHQWO\
$VRUWRIERRNZULWWHQXSRQVWULSVRIFORWK
*RDQGIHWFKLWP\JRRGIHOORZDQGLILWEHZKDW,KRSH

1363

\RXZLOOGRZHOO
,ZLOOUXQIRULWVLUDQGWKHJXLGHZHQWRXW7KHQWKH
FRXQWNQHOWGRZQE\WKHVLGHRIWKHEHGZKLFKGHDWKKDG
FRQYHUWHGLQWRDQDOWDU2KVHFRQGIDWKHUKHH[FODLPHG
WKRXZKRKDVWJLYHQPHOLEHUW\NQRZOHGJHULFKHVWKRX
ZKROLNHEHLQJVRIDVXSHULRURUGHUWRRXUVHOYHVFRXOGVW
XQGHUVWDQGWKHVFLHQFHRIJRRGDQGHYLOLILQWKHGHSWKVRI
WKHWRPEWKHUHVWLOOUHPDLQVRPHWKLQJZLWKLQXVZKLFKFDQ
UHVSRQGWRWKHYRLFHRIWKRVHZKRDUHOHIWRQHDUWKLI
DIWHUGHDWKWKHVRXOHYHUUHYLVLWWKHSODFHVZKHUHZHKDYH
OLYHGDQGVXIIHUHGWKHQQREOHKHDUWVXEOLPHVRXOWKHQ
,FRQMXUHWKHHE\WKHSDWHUQDOORYHWKRXGLGVWEHDUPHE\
WKHILOLDOREHGLHQFH,YRZHGWRWKHHJUDQWPHVRPHVLJQ
VRPHUHYHODWLRQ5HPRYHIURPPHWKHUHPDLQVRIGRXEWZKLFK
LILWFKDQJHQRWWRFRQYLFWLRQPXVWEHFRPHUHPRUVH7KH
FRXQWERZHGKLVKHDGDQGFODVSHGKLVKDQGVWRJHWKHU
+HUHVLUVDLGDYRLFHEHKLQGKLP
0RQWH&ULVWRVKXGGHUHGDQGDURVH7KHFRQFLHUJHKHOGRXW
WKHVWULSVRIFORWKXSRQZKLFKWKH$EEH)DULDKDGVSUHDGWKH
ULFKHVRIKLVPLQG7KHPDQXVFULSWZDVWKHJUHDWZRUNE\WKH
$EEH)DULDXSRQWKHNLQJGRPVRI,WDO\7KHFRXQWVHL]HGLW
KDVWLO\KLVH\HVLPPHGLDWHO\IHOOXSRQWKHHSLJUDSKDQGKH
UHDGC7KRXVKDOWWHDURXWWKHGUDJRQV
WHHWKDQGVKDOO
WUDPSOHWKHOLRQVXQGHUIRRWVDLWKWKH/RUG

$KKHH[FODLPHGKHUHLVP\DQVZHU7KDQNVIDWKHU
WKDQNV$QGIHHOLQJLQKLVSRFNHWKHWRRNWKHQFHDVPDOO
SRFNHWERRNZKLFKFRQWDLQHGWHQEDQNQRWHVHDFKRI
IUDQFV
+HUHKHVDLGWDNHWKLVSRFNHWERRN
'R\RXJLYHLWWRPH"
<HVEXWRQO\RQFRQGLWLRQWKDW\RXZLOOQRWRSHQLWWLOO,
DPJRQHDQGSODFLQJLQKLVEUHDVWWKHWUHDVXUHKHKDGMXVW
IRXQGZKLFKZDVPRUHYDOXDEOHWRKLPWKDQWKHULFKHVW
MHZHOKHUXVKHGRXWRIWKHFRUULGRUDQGUHDFKLQJKLVERDW
FULHG7R0DUVHLOOHV7KHQDVKHGHSDUWHGKHIL[HGKLV
H\HVXSRQWKHJORRP\SULVRQ:RHKHFULHGWRWKRVHZKR
FRQILQHGPHLQWKDWZUHWFKHGSULVRQDQGZRHWRWKRVHZKR

1364

IRUJRWWKDW,ZDVWKHUH$VKHUHSDVVHGWKH&DWDODQVWKH
FRXQWWXUQHGDURXQGDQGEXU\LQJKLVKHDGLQKLVFORDN
PXUPXUHGWKHQDPHRIDZRPDQ7KHYLFWRU\ZDVFRPSOHWH
WZLFHKHKDGRYHUFRPHKLVGRXEWV7KHQDPHKHSURQRXQFHGLQ
DYRLFHRIWHQGHUQHVVDPRXQWLQJDOPRVWWRORYHZDVWKDWRI
+DLGHH
2QODQGLQJWKHFRXQWWXUQHGWRZDUGVWKHFHPHWHU\ZKHUHKH
IHOWVXUHRIILQGLQJ0RUUHO+HWRRWHQ\HDUVDJRKDG
SLRXVO\VRXJKWRXWDWRPEDQGVRXJKWLWYDLQO\+HZKR
UHWXUQHGWR)UDQFHZLWKPLOOLRQVKDGEHHQXQDEOHWRILQG
WKHJUDYHRIKLVIDWKHUZKRKDGSHULVKHGIURPKXQJHU
0RUUHOKDGLQGHHGSODFHGDFURVVRYHUWKHVSRWEXWLWKDG
IDOOHQGRZQDQGWKHJUDYHGLJJHUKDGEXUQWLWDVKHGLGDOO
WKHROGZRRGLQWKHFKXUFK\DUG7KHZRUWK\PHUFKDQWKDGEHHQ
PRUHIRUWXQDWH'\LQJLQWKHDUPVRIKLVFKLOGUHQKHKDG
EHHQE\WKHPODLGE\WKHVLGHRIKLVZLIHZKRKDGSUHFHGHG
KLPLQHWHUQLW\E\WZR\HDUV7ZRODUJHVODEVRIPDUEOHRQ
ZKLFKZHUHLQVFULEHGWKHLUQDPHVZHUHSODFHGRQHLWKHUVLGH
RIDOLWWOHHQFORVXUHUDLOHGLQDQGVKDGHGE\IRXU
F\SUHVVWUHHV0RUUHOZDVOHDQLQJDJDLQVWRQHRIWKHVH
PHFKDQLFDOO\IL[LQJKLVH\HVRQWKHJUDYHV+LVJULHIZDVVR
SURIRXQGWKDWKHZDVQHDUO\XQFRQVFLRXV0D[LPLOLDQVDLG
WKHFRXQW\RXVKRXOGQRWORRNRQWKHJUDYHVEXWWKHUH
DQGKHSRLQWHGXSZDUGV
7KHGHDGDUHHYHU\ZKHUHVDLG0RUUHOGLG\RXQRW
\RXUVHOIWHOOPHVRDVZHOHIW3DULV"
0D[LPLOLDQVDLGWKHFRXQW\RXDVNHGPHGXULQJWKH
MRXUQH\WRDOORZ\RXWRUHPDLQVRPHGD\VDW0DUVHLOOHV'R
\RXVWLOOZLVKWRGRVR"
,KDYHQRZLVKHVFRXQWRQO\,IDQF\,FRXOGSDVVWKHWLPH
OHVVSDLQIXOO\KHUHWKDQDQ\ZKHUHHOVH
6RPXFKWKHEHWWHUIRU,PXVWOHDYH\RXEXW,FDUU\\RXU
ZRUGZLWKPHGR,QRW"
$KFRXQW,VKDOOIRUJHWLW
1R\RXZLOOQRWIRUJHWLWEHFDXVH\RXDUHDPDQRIKRQRU
0RUUHOEHFDXVH\RXKDYHWDNHQDQRDWKDQGDUHDERXWWRGR
VRDJDLQ

1365

2KFRXQWKDYHSLW\XSRQPH,DPVRXQKDSS\
,KDYHNQRZQDPDQPXFKPRUHXQIRUWXQDWHWKDQ\RX0RUUHO
,PSRVVLEOH
$ODVVDLG0RQWH&ULVWRLWLVWKHLQILUPLW\RIRXU
QDWXUHDOZD\VWREHOLHYHRXUVHOYHVPXFKPRUHXQKDSS\WKDQ
WKRVHZKRJURDQE\RXUVLGHV
:KDWFDQEHPRUHZUHWFKHGWKDQWKHPDQZKRKDVORVWDOOKH
ORYHGDQGGHVLUHGLQWKHZRUOG"
/LVWHQ0RUUHODQGSD\DWWHQWLRQWRZKDW,DPDERXWWR
WHOO\RX,NQHZDPDQZKROLNH\RXKDGIL[HGDOOKLVKRSHV
RIKDSSLQHVVXSRQDZRPDQ+HZDV\RXQJKHKDGDQROG
IDWKHUZKRPKHORYHGDEHWURWKHGEULGHZKRPKHDGRUHG+H
ZDVDERXWWRPDUU\KHUZKHQRQHRIWKHFDSULFHVRIIDWH
ZKLFKZRXOGDOPRVWPDNHXVGRXEWWKHJRRGQHVVRISURYLGHQFH
LIWKDWSURYLGHQFHGLGQRWDIWHUZDUGVUHYHDOLWVHOIE\
SURYLQJWKDWDOOLVEXWDPHDQVRIFRQGXFWLQJWRDQHQG
RQHRIWKRVHFDSULFHVGHSULYHGKLPRIKLVPLVWUHVVRIWKH
IXWXUHRIZKLFKKHKDGGUHDPHG IRULQKLVEOLQGQHVVKH
IRUJRWKHFRXOGRQO\UHDGWKHSUHVHQW DQGFDVWKLPLQWRD
GXQJHRQ
$KVDLG0RUUHORQHTXLWVDGXQJHRQLQDZHHNDPRQWK
RUD\HDU
+HUHPDLQHGWKHUHIRXUWHHQ\HDUV0RUUHOVDLGWKHFRXQW
SODFLQJKLVKDQGRQWKH\RXQJPDQ
VVKRXOGHU0D[LPLOLDQ
VKXGGHUHG
)RXUWHHQ\HDUVKHPXWWHUHG)RXUWHHQ\HDUVUHSHDWHG
WKHFRXQW'XULQJWKDWWLPHKHKDGPDQ\PRPHQWVRIGHVSDLU
+HDOVR0RUUHOOLNH\RXFRQVLGHUHGKLPVHOIWKHXQKDSSLHVW
RIPHQ
:HOO"DVNHG0RUUHO
:HOODWWKHKHLJKWRIKLVGHVSDLU*RGDVVLVWHGKLPWKURXJK
KXPDQPHDQV$WILUVWSHUKDSVKHGLGQRWUHFRJQL]HWKH
LQILQLWHPHUF\RIWKH/RUGEXWDWODVWKHWRRNSDWLHQFHDQG

1366

ZDLWHG2QHGD\KHPLUDFXORXVO\OHIWWKHSULVRQ
WUDQVIRUPHGULFKSRZHUIXO+LVILUVWFU\ZDVIRUKLV
IDWKHUEXWWKDWIDWKHUZDVGHDG
0\IDWKHUWRRLVGHDGVDLG0RUUHO
<HVEXW\RXUIDWKHUGLHGLQ\RXUDUPVKDSS\UHVSHFWHG
ULFKDQGIXOORI\HDUVKLVIDWKHUGLHGSRRUGHVSDLULQJ
DOPRVWGRXEWIXORISURYLGHQFHDQGZKHQKLVVRQVRXJKWKLV
JUDYHWHQ\HDUVDIWHUZDUGVKLVWRPEKDGGLVDSSHDUHGDQGQR
RQHFRXOGVD\C7KHUHVOHHSVWKHIDWKHU\RXVRZHOOORYHG

2KH[FODLPHG0RUUHO
+HZDVWKHQDPRUHXQKDSS\VRQWKDQ\RX0RUUHOIRUKH
FRXOGQRWHYHQILQGKLVIDWKHU
VJUDYH
%XWWKHQKHKDGWKHZRPDQKHORYHGVWLOOUHPDLQLQJ"
<RXDUHGHFHLYHG0RUUHOWKDWZRPDQ
6KHZDVGHDG"
:RUVHWKDQWKDWVKHZDVIDLWKOHVVDQGKDGPDUULHGRQHRI
WKHSHUVHFXWRUVRIKHUEHWURWKHG<RXVHHWKHQ0RUUHO
WKDWKHZDVDPRUHXQKDSS\ORYHUWKDQ\RX
$QGKDVKHIRXQGFRQVRODWLRQ"
+HKDVDWOHDVWIRXQGSHDFH
$QGGRHVKHHYHUH[SHFWWREHKDSS\"
+HKRSHVVR0D[LPLOLDQ7KH\RXQJPDQ
VKHDGIHOORQKLV
EUHDVW
<RXKDYHP\SURPLVHKHVDLGDIWHUDPLQXWH
VSDXVH
H[WHQGLQJKLVKDQGWR0RQWH&ULVWR2QO\UHPHPEHU
2QWKHWKRI2FWREHU0RUUHO,VKDOOH[SHFW\RXDWWKH
,VODQGRI0RQWH&ULVWR2QWKHWKD\DFKWZLOOZDLWIRU\RX
LQWKHSRUWRI%DVWLDLWZLOOEHFDOOHGWKH(XUXV<RXZLOO
JLYH\RXUQDPHWRWKHFDSWDLQZKRZLOOEULQJ\RXWRPH,W
LVXQGHUVWRRGLVLWQRW"

1367

%XWFRXQWGR\RXUHPHPEHUWKDWWKHWKRI2FWREHU
&KLOGUHSOLHGWKHFRXQWQRWWRNQRZWKHYDOXHRID
PDQ
VZRUG,KDYHWROG\RXWZHQW\WLPHVWKDWLI\RXZLVKWR
GLHRQWKDWGD\,ZLOODVVLVW\RX0RUUHOIDUHZHOO
'R\RXOHDYHPH"
<HV,KDYHEXVLQHVVLQ,WDO\,OHDYH\RXDORQHZLWK\RXU
PLVIRUWXQHVDQGZLWKKRSH0D[LPLOLDQ
:KHQGR\RXOHDYH"
,PPHGLDWHO\WKHVWHDPHUZDLWVDQGLQDQKRXU,VKDOOEH
IDUIURP\RX:LOO\RXDFFRPSDQ\PHWRWKHKDUERU
0D[LPLOLDQ"
,DPHQWLUHO\\RXUVFRXQW0RUUHODFFRPSDQLHGWKHFRXQW
WRWKHKDUERU7KHZKLWHVWHDPZDVDVFHQGLQJOLNHDSOXPHRI
IHDWKHUVIURPWKHEODFNFKLPQH\7KHVWHDPHUVRRQ
GLVDSSHDUHGDQGLQDQKRXUDIWHUZDUGVDVWKHFRXQWKDG
VDLGZDVVFDUFHO\GLVWLQJXLVKDEOHLQWKHKRUL]RQDPLGVWWKH
IRJVRIWKHQLJKW

&KDSWHU
3HSSLQR
$WWKHVDPHWLPHWKDWWKHVWHDPHUGLVDSSHDUHGEHKLQG&DSH
0RUJLRQDPDQWUDYHOOLQJSRVWRQWKHURDGIURP)ORUHQFHWR
5RPHKDGMXVWSDVVHGWKHOLWWOHWRZQRI$TXDSHQGHQWH+HZDV
WUDYHOOLQJIDVWHQRXJKWRFRYHUDJUHDWGHDORIJURXQG
ZLWKRXWH[FLWLQJVXVSLFLRQ7KLVPDQZDVGUHVVHGLQD
JUHDWFRDWRUUDWKHUDVXUWRXWDOLWWOHZRUVHIRUWKH
MRXUQH\EXWZKLFKH[KLELWHGWKHULEERQRIWKH/HJLRQRI
+RQRUVWLOOIUHVKDQGEULOOLDQWDGHFRUDWLRQZKLFKDOVR
RUQDPHQWHGWKHXQGHUFRDW+HPLJKWEHUHFRJQL]HGQRWRQO\
E\WKHVHVLJQVEXWDOVRIURPWKHDFFHQWZLWKZKLFKKHVSRNH
WRWKHSRVWLOLRQDVD)UHQFKPDQ$QRWKHUSURRIWKDWKHZDV
DQDWLYHRIWKHXQLYHUVDOFRXQWU\ZDVDSSDUHQWLQWKHIDFW
RIKLVNQRZLQJQRRWKHU,WDOLDQZRUGVWKDQWKHWHUPVXVHGLQ
PXVLFDQGZKLFKOLNHWKHJRGGDPRI)LJDURVHUYHGDOO

1368

SRVVLEOHOLQJXLVWLFUHTXLUHPHQWV$OOHJURKHFDOOHGRXW
WRWKHSRVWLOLRQVDWHYHU\DVFHQW0RGHUDWRKHFULHGDV
WKH\GHVFHQGHG$QGKHDYHQNQRZVWKHUHDUHKLOOVHQRXJK
EHWZHHQ5RPHDQG)ORUHQFHE\WKHZD\RI$TXDSHQGHQWH7KHVH
WZRZRUGVJUHDWO\DPXVHGWKHPHQWRZKRPWKH\ZHUH
DGGUHVVHG2QUHDFKLQJ/D6WRUWDWKHSRLQWIURPZKHQFH5RPH
LVILUVWYLVLEOHWKHWUDYHOOHUHYLQFHGQRQHRIWKH
HQWKXVLDVWLFFXULRVLW\ZKLFKXVXDOO\OHDGVVWUDQJHUVWR
VWDQGXSDQGHQGHDYRUWRFDWFKVLJKWRIWKHGRPHRI6W
3HWHU
VZKLFKPD\EHVHHQORQJEHIRUHDQ\RWKHUREMHFWLV
GLVWLQJXLVKDEOH1RKHPHUHO\GUHZDSRFNHWERRNIURPKLV
SRFNHWDQGWRRNIURPLWDSDSHUIROGHGLQIRXUDQGDIWHU
KDYLQJH[DPLQHGLWLQDPDQQHUDOPRVWUHYHUHQWLDOKHVDLG
*RRG,KDYHLWVWLOO
7KHFDUULDJHHQWHUHGE\WKH3RUWRGHO3RSRORWXUQHGWRWKH
OHIWDQGVWRSSHGDWWKH+RWHOG
(VSDJQH2OG3DVWULQLRXU
IRUPHUDFTXDLQWDQFHUHFHLYHGWKHWUDYHOOHUDWWKHGRRUKDW
LQKDQG7KHWUDYHOOHUDOLJKWHGRUGHUHGDJRRGGLQQHUDQG
LQTXLUHGWKHDGGUHVVRIWKHKRXVHRI7KRPVRQ )UHQFKZKLFK
ZDVLPPHGLDWHO\JLYHQWRKLPDVLWZDVRQHRIWKHPRVW
FHOHEUDWHGLQ5RPH,WZDVVLWXDWHGLQWKH9LDGHL%DQFKL
QHDU6W3HWHU
V,Q5RPHDVHYHU\ZKHUHHOVHWKHDUULYDO
RIDSRVWFKDLVHLVDQHYHQW7HQ\RXQJGHVFHQGDQWVRI
0DULXVDQGWKH*UDFFKLEDUHIRRWHGDQGRXWDWHOERZVZLWK
RQHKDQGUHVWLQJRQWKHKLSDQGWKHRWKHUJUDFHIXOO\FXUYHG
DERYHWKHKHDGVWDUHGDWWKHWUDYHOOHUWKHSRVWFKDLVH
DQGWKHKRUVHVWRWKHVHZHUHDGGHGDERXWILIW\OLWWOH
YDJDERQGVIURPWKH3DSDO6WDWHVZKRHDUQHGDSLWWDQFHE\
GLYLQJLQWRWKH7LEHUDWKLJKZDWHUIURPWKHEULGJHRI6W
$QJHOR1RZDVWKHVHVWUHHW$UDEVRI5RPHPRUHIRUWXQDWH
WKDQWKRVHRI3DULVXQGHUVWDQGHYHU\ODQJXDJHPRUH
HVSHFLDOO\WKH)UHQFKWKH\KHDUGWKHWUDYHOOHURUGHUDQ
DSDUWPHQWDGLQQHUDQGILQDOO\LQTXLUHWKHZD\WRWKH
KRXVHRI7KRPVRQ )UHQFK7KHUHVXOWZDVWKDWZKHQWKH
QHZFRPHUOHIWWKHKRWHOZLWKWKHFLFHURQHDPDQGHWDFKHG
KLPVHOIIURPWKHUHVWRIWKHLGOHUVDQGZLWKRXWKDYLQJEHHQ
VHHQE\WKHWUDYHOOHUDQGDSSHDULQJWRH[FLWHQRDWWHQWLRQ
IURPWKHJXLGHIROORZHGWKHVWUDQJHUZLWKDVPXFKVNLOODV
D3DULVLDQSROLFHDJHQWZRXOGKDYHXVHG
7KH)UHQFKPDQKDGEHHQVRLPSDWLHQWWRUHDFKWKHKRXVHRI
7KRPVRQ )UHQFKWKDWKHZRXOGQRWZDLWIRUWKHKRUVHVWREH
KDUQHVVHGEXWOHIWZRUGIRUWKHFDUULDJHWRRYHUWDNHKLPRQ

1369

WKHURDGRUWRZDLWIRUKLPDWWKHEDQNHUV
GRRU+H
UHDFKHGLWEHIRUHWKHFDUULDJHDUULYHG7KH)UHQFKPDQ
HQWHUHGOHDYLQJLQWKHDQWHURRPKLVJXLGHZKRLPPHGLDWHO\
HQWHUHGLQWRFRQYHUVDWLRQZLWKWZRRUWKUHHRIWKH
LQGXVWULRXVLGOHUVZKRDUHDOZD\VWREHIRXQGLQ5RPHDWWKH
GRRUVRIEDQNLQJKRXVHVFKXUFKHVPXVHXPVRUWKHDWUHV
:LWKWKH)UHQFKPDQWKHPDQZKRKDGIROORZHGKLPHQWHUHG
WRRWKH)UHQFKPDQNQRFNHGDWWKHLQQHUGRRUDQGHQWHUHG
WKHILUVWURRPKLVVKDGRZGLGWKHVDPH
0HVVUV7KRPVRQ )UHQFK"LQTXLUHGWKHVWUDQJHU
$QDWWHQGDQWDURVHDWDVLJQIURPDFRQILGHQWLDOFOHUNDW
WKHILUVWGHVN:KRPVKDOO,DQQRXQFH"VDLGWKHDWWHQGDQW
%DURQ'DQJODUV
)ROORZPHVDLGWKHPDQ$GRRURSHQHGWKURXJKZKLFKWKH
DWWHQGDQWDQGWKHEDURQGLVDSSHDUHG7KHPDQZKRKDG
IROORZHG'DQJODUVVDWGRZQRQDEHQFK7KHFOHUNFRQWLQXHG
WRZULWHIRUWKHQH[WILYHPLQXWHVWKHPDQSUHVHUYHG
SURIRXQGVLOHQFHDQGUHPDLQHGSHUIHFWO\PRWLRQOHVV7KHQ
WKHSHQRIWKHFOHUNFHDVHGWRPRYHRYHUWKHSDSHUKH
UDLVHGKLVKHDGDQGDSSHDULQJWREHSHUIHFWO\VXUHRI
SULYDF\$KKDKHVDLGKHUH\RXDUH3HSSLQR
<HVZDVWKHODFRQLFUHSO\<RXKDYHIRXQGRXWWKDWWKHUH
LVVRPHWKLQJZRUWKKDYLQJDERXWWKLVODUJHJHQWOHPDQ"
7KHUHLVQRJUHDWPHULWGXHWRPHIRUZHZHUHLQIRUPHGRI
LW
<RXNQRZKLVEXVLQHVVKHUHWKHQ
3DUGLHXKHKDVFRPHWRGUDZEXW,GRQ
WNQRZKRZPXFK
<RXZLOONQRZSUHVHQWO\P\IULHQG
9HU\ZHOORQO\GRQRWJLYHPHIDOVHLQIRUPDWLRQDV\RXGLG
WKHRWKHUGD\
:KDWGR\RXPHDQ"RIZKRPGR\RXVSHDN":DVLWWKH
(QJOLVKPDQZKRFDUULHGRIIFURZQVIURPKHUHWKHRWKHU
GD\"

1370

1RKHUHDOO\KDGFURZQVDQGZHIRXQGWKHP,PHDQ
WKH5XVVLDQSULQFHZKR\RXVDLGKDGOLYUHVDQGZH
RQO\IRXQG
<RXPXVWKDYHVHDUFKHGEDGO\
/XLJL9DPSDKLPVHOIVHDUFKHG
,QGHHG"%XW\RXPXVWOHWPHPDNHP\REVHUYDWLRQVRUWKH
)UHQFKPDQZLOOWUDQVDFWKLVEXVLQHVVZLWKRXWP\NQRZLQJWKH
VXP3HSSLQRQRGGHGDQGWDNLQJDURVDU\IURPKLVSRFNHW
EHJDQWRPXWWHUDIHZSUD\HUVZKLOHWKHFOHUNGLVDSSHDUHG
WKURXJKWKHVDPHGRRUE\ZKLFK'DQJODUVDQGWKHDWWHQGDQW
KDGJRQHRXW$WWKHH[SLUDWLRQRIWHQPLQXWHVWKHFOHUN
UHWXUQHGZLWKDEHDPLQJFRXQWHQDQFH:HOO"DVNHG3HSSLQR
RIKLVIULHQG
-R\MR\WKHVXPLVODUJH
)LYHRUVL[PLOOLRQVLVLWQRW"
<HV\RXNQRZWKHDPRXQW
2QWKHUHFHLSWRIWKH&RXQWRI0RQWH&ULVWR"
:K\KRZFDPH\RXWREHVRZHOODFTXDLQWHGZLWKDOOWKLV"
,WROG\RXZHZHUHLQIRUPHGEHIRUHKDQG
7KHQZK\GR\RXDSSO\WRPH"
7KDW,PD\EHVXUH,KDYHWKHULJKWPDQ
<HVLWLVLQGHHGKH)LYHPLOOLRQVDSUHWW\VXPHK
3HSSLQR"
+XVKKHUHLVRXUPDQ7KHFOHUNVHL]HGKLVSHQDQG
3HSSLQRKLVEHDGVRQHZDVZULWLQJDQGWKHRWKHUSUD\LQJ
ZKHQWKHGRRURSHQHG'DQJODUVORRNHGUDGLDQWZLWKMR\WKH
EDQNHUDFFRPSDQLHGKLPWRWKHGRRU3HSSLQRIROORZHG
'DQJODUV
$FFRUGLQJWRWKHDUUDQJHPHQWVWKHFDUULDJHZDVZDLWLQJDW

1371

WKHGRRU7KHJXLGHKHOGWKHGRRURSHQ*XLGHVDUHXVHIXO
SHRSOHZKRZLOOWXUQWKHLUKDQGVWRDQ\WKLQJ'DQJODUV
OHDSHGLQWRWKHFDUULDJHOLNHD\RXQJPDQRIWZHQW\7KH
FLFHURQHUHFORVHGWKHGRRUDQGVSUDQJXSE\WKHVLGHRIWKH
FRDFKPDQ3HSSLQRPRXQWHGWKHVHDWEHKLQG
:LOO\RXUH[FHOOHQF\YLVLW6W3HWHU
V"DVNHGWKH
FLFHURQH
,GLGQRWFRPHWR5RPHWRVHHVDLG'DQJODUVDORXGWKHQ
KHDGGHGVRIWO\ZLWKDQDYDULFLRXVVPLOH,FDPHWR
WRXFKDQGKHUDSSHGKLVSRFNHWERRNLQZKLFKKHKDGMXVW
SODFHGDOHWWHU
7KHQ\RXUH[FHOOHQF\LVJRLQJ
7RWKHKRWHO
&DVD3DVWULQLVDLGWKHFLFHURQHWRWKHFRDFKPDQDQGWKH
FDUULDJHGURYHUDSLGO\RQ7HQPLQXWHVDIWHUZDUGVWKHEDURQ
HQWHUHGKLVDSDUWPHQWDQG3HSSLQRVWDWLRQHGKLPVHOIRQWKH
EHQFKRXWVLGHWKHGRRURIWKHKRWHODIWHUKDYLQJZKLVSHUHG
VRPHWKLQJLQWKHHDURIRQHRIWKHGHVFHQGDQWVRI0DULXVDQG
WKH*UDFFKLZKRPZHQRWLFHGDWWKHEHJLQQLQJRIWKHFKDSWHU
ZKRLPPHGLDWHO\UDQGRZQWKHURDGOHDGLQJWRWKH&DSLWRODW
KLVIXOOHVWVSHHG'DQJODUVZDVWLUHGDQGVOHHS\KH
WKHUHIRUHZHQWWREHGSODFLQJKLVSRFNHWERRNXQGHUKLV
SLOORZ3HSSLQRKDGDOLWWOHVSDUHWLPHVRKHKDGDJDPHRI
PRUDZLWKWKHIDFFKLQLORVWWKUHHFURZQVDQGWKHQWR
FRQVROHKLPVHOIGUDQNDERWWOHRI2UYLHWR
7KHQH[WPRUQLQJ'DQJODUVDZRNHODWHWKRXJKKHZHQWWREHG
VRHDUO\KHKDGQRWVOHSWZHOOIRUILYHRUVL[QLJKWVHYHQ
LIKHKDGVOHSWDWDOO+HEUHDNIDVWHGKHDUWLO\DQGFDULQJ
OLWWOHDVKHVDLGIRUWKHEHDXWLHVRIWKH(WHUQDO&LW\
RUGHUHGSRVWKRUVHVDWQRRQ%XW'DQJODUVKDGQRWUHFNRQHG
XSRQWKHIRUPDOLWLHVRIWKHSROLFHDQGWKHLGOHQHVVRIWKH
SRVWLQJPDVWHU7KHKRUVHVRQO\DUULYHGDWWZRR
FORFNDQG
WKHFLFHURQHGLGQRWEULQJWKHSDVVSRUWWLOOWKUHH$OO
WKHVHSUHSDUDWLRQVKDGFROOHFWHGDQXPEHURILGOHUVURXQG
WKHGRRURI6LJQRU3DVWULQL
VWKHGHVFHQGDQWVRI0DULXVDQG
WKH*UDFFKLZHUHDOVRQRWZDQWLQJ7KHEDURQZDONHG
WULXPSKDQWO\WKURXJKWKHFURZGZKRIRUWKHVDNHRIJDLQ
VW\OHGKLP\RXUH[FHOOHQF\$V'DQJODUVKDGKLWKHUWR

1372

FRQWHQWHGKLPVHOIZLWKEHLQJFDOOHGDEDURQKHIHOWUDWKHU
IODWWHUHGDWWKHWLWOHRIH[FHOOHQF\DQGGLVWULEXWHGD
GR]HQVLOYHUFRLQVDPRQJWKHEHJJDUVZKRZHUHUHDG\IRU
WZHOYHPRUHWRFDOOKLP\RXUKLJKQHVV
:KLFKURDG"DVNHGWKHSRVWLOLRQLQ,WDOLDQ7KH$QFRQD
URDGUHSOLHGWKHEDURQ6LJQRU3DVWULQLLQWHUSUHWHGWKH
TXHVWLRQDQGDQVZHUDQGWKHKRUVHVJDOORSHGRII'DQJODUV
LQWHQGHGWUDYHOOLQJWR9HQLFHZKHUHKHZRXOGUHFHLYHRQH
SDUWRIKLVIRUWXQHDQGWKHQSURFHHGLQJWR9LHQQDZKHUHKH
ZRXOGILQGWKHUHVWKHPHDQWWRWDNHXSKLVUHVLGHQFHLQ
WKHODWWHUWRZQZKLFKKHKDGEHHQWROGZDVDFLW\RI
SOHDVXUH
+HKDGVFDUFHO\DGYDQFHGWKUHHOHDJXHVRXWRI5RPHZKHQ
GD\OLJKWEHJDQWRGLVDSSHDU'DQJODUVKDGQRWLQWHQGHG
VWDUWLQJVRODWHRUKHZRXOGKDYHUHPDLQHGKHSXWKLVKHDG
RXWDQGDVNHGWKHSRVWLOLRQKRZORQJLWZRXOGEHEHIRUHWKH\
UHDFKHGWKHQH[WWRZQ1RQFDSLVFR GRQRWXQGHUVWDQG 
ZDVWKHUHSO\'DQJODUVEHQWKLVKHDGZKLFKKHPHDQWWR
LPSO\9HU\ZHOO7KHFDUULDJHDJDLQPRYHGRQ,ZLOO
VWRSDWWKHILUVWSRVWLQJKRXVHVDLG'DQJODUVWRKLPVHOI
+HVWLOOIHOWWKHVDPHVHOIVDWLVIDFWLRQZKLFKKHKDG
H[SHULHQFHGWKHSUHYLRXVHYHQLQJDQGZKLFKKDGSURFXUHGKLP
VRJRRGDQLJKW
VUHVW+HZDVOX[XULRXVO\VWUHWFKHGLQD
JRRG(QJOLVKFDODVKZLWKGRXEOHVSULQJVKHZDVGUDZQE\
IRXUJRRGKRUVHVDWIXOOJDOORSKHNQHZWKHUHOD\WREHDW
DGLVWDQFHRIVHYHQOHDJXHV:KDWVXEMHFWRIPHGLWDWLRQ
FRXOGSUHVHQWLWVHOIWRWKHEDQNHUVRIRUWXQDWHO\EHFRPH
EDQNUXSW"
'DQJODUVWKRXJKWIRUWHQPLQXWHVDERXWKLVZLIHLQ3DULV
DQRWKHUWHQPLQXWHVDERXWKLVGDXJKWHUWUDYHOOLQJZLWK
0DGHPRLVHOOHG
$UPLOO\WKHVDPHSHULRGZDVJLYHQWRKLV
FUHGLWRUVDQGWKHPDQQHULQZKLFKKHLQWHQGHGVSHQGLQJ
WKHLUPRQH\DQGWKHQKDYLQJQRVXEMHFWOHIWIRU
FRQWHPSODWLRQKHVKXWKLVH\HVDQGIHOODVOHHS1RZDQG
WKHQDMROWPRUHYLROHQWWKDQWKHUHVWFDXVHGKLPWRRSHQ
KLVH\HVWKHQKHIHOWWKDWKHZDVVWLOOEHLQJFDUULHGZLWK
JUHDWUDSLGLW\RYHUWKHVDPHFRXQWU\WKLFNO\VWUHZQZLWK
EURNHQDTXHGXFWVZKLFKORRNHGOLNHJUDQLWHJLDQWVSHWULILHG
ZKLOHUXQQLQJDUDFH%XWWKHQLJKWZDVFROGGXOODQG
UDLQ\DQGLWZDVPXFKPRUHSOHDVDQWIRUDWUDYHOOHUWR

1373

UHPDLQLQWKHZDUPFDUULDJHWKDQWRSXWKLVKHDGRXWRIWKH
ZLQGRZWRPDNHLQTXLULHVRIDSRVWLOLRQZKRVHRQO\DQVZHU
ZDV1RQFDSLVFR
'DQJODUVWKHUHIRUHFRQWLQXHGWRVOHHSVD\LQJWRKLPVHOI
WKDWKHZRXOGEHVXUHWRDZDNHDWWKHSRVWLQJKRXVH7KH
FDUULDJHVWRSSHG'DQJODUVIDQFLHGWKDWWKH\KDGUHDFKHGWKH
ORQJGHVLUHGSRLQWKHRSHQHGKLVH\HVDQGORRNHGWKURXJK
WKHZLQGRZH[SHFWLQJWRILQGKLPVHOILQWKHPLGVWRIVRPH
WRZQRUDWOHDVWYLOODJHEXWKHVDZQRWKLQJH[FHSWZKDW
VHHPHGOLNHDUXLQZKHUHWKUHHRUIRXUPHQZHQWDQGFDPH
OLNHVKDGRZV'DQJODUVZDLWHGDPRPHQWH[SHFWLQJWKH
SRVWLOLRQWRFRPHDQGGHPDQGSD\PHQWZLWKWKHWHUPLQDWLRQRI
KLVVWDJH+HLQWHQGHGWDNLQJDGYDQWDJHRIWKHRSSRUWXQLW\
WRPDNHIUHVKLQTXLULHVRIWKHQHZFRQGXFWRUEXWWKHKRUVHV
ZHUHXQKDUQHVVHGDQGRWKHUVSXWLQWKHLUSODFHVZLWKRXW
DQ\RQHFODLPLQJPRQH\IURPWKHWUDYHOOHU'DQJODUV
DVWRQLVKHGRSHQHGWKHGRRUEXWDVWURQJKDQGSXVKHGKLP
EDFNDQGWKHFDUULDJHUROOHGRQ7KHEDURQZDVFRPSOHWHO\
URXVHG(K"KHVDLGWRWKHSRVWLOLRQHKPLRFDUR"
7KLVZDVDQRWKHUOLWWOHSLHFHRI,WDOLDQWKHEDURQKDG
OHDUQHGIURPKHDULQJKLVGDXJKWHUVLQJ,WDOLDQGXHWVZLWK
&DYDOFDQWL%XWPLRFDURGLGQRWUHSO\'DQJODUVWKHQRSHQHG
WKHZLQGRZ
&RPHP\IULHQGKHVDLGWKUXVWLQJKLVKDQGWKURXJKWKH
RSHQLQJZKHUHDUHZHJRLQJ"
'HQWURODWHVWDDQVZHUHGDVROHPQDQGLPSHULRXVYRLFH
DFFRPSDQLHGE\DPHQDFLQJJHVWXUH'DQJODUVWKRXJKWGHQWUR
ODWHVWDPHDQW3XWLQ\RXUKHDG+HZDVPDNLQJUDSLG
SURJUHVVLQ,WDOLDQ+HREH\HGQRWZLWKRXWVRPHXQHDVLQHVV
ZKLFKPRPHQWDULO\LQFUHDVLQJFDXVHGKLVPLQGLQVWHDGRI
EHLQJDVXQRFFXSLHGDVLWZDVZKHQKHEHJDQKLVMRXUQH\WR
ILOOZLWKLGHDVZKLFKZHUHYHU\OLNHO\WRNHHSDWUDYHOOHU
DZDNHPRUHHVSHFLDOO\RQHLQVXFKDVLWXDWLRQDV'DQJODUV
+LVH\HVDFTXLUHGWKDWTXDOLW\ZKLFKLQWKHILUVWPRPHQWRI
VWURQJHPRWLRQHQDEOHVWKHPWRVHHGLVWLQFWO\DQGZKLFK
DIWHUZDUGVIDLOVIURPEHLQJWRRPXFKWD[HG%HIRUHZHDUH
DODUPHGZHVHHFRUUHFWO\ZKHQZHDUHDODUPHGZHVHH
GRXEOHDQGZKHQZHKDYHEHHQDODUPHGZHVHHQRWKLQJEXW
WURXEOH'DQJODUVREVHUYHGDPDQLQDFORDNJDOORSLQJDWWKH
ULJKWKDQGRIWKHFDUULDJH

1374

6RPHJHQGDUPHKHH[FODLPHG&DQ,KDYHEHHQLQWHUFHSWHG
E\)UHQFKWHOHJUDPVWRWKHSRQWLILFDODXWKRULWLHV"+H
UHVROYHGWRHQGKLVDQ[LHW\:KHUHDUH\RXWDNLQJPH"KH
DVNHG'HQWURODWHVWDUHSOLHGWKHVDPHYRLFHZLWKWKH
VDPHPHQDFLQJDFFHQW
'DQJODUVWXUQHGWRWKHOHIWDQRWKHUPDQRQKRUVHEDFNZDV
JDOORSLQJRQWKDWVLGH'HFLGHGO\VDLG'DQJODUVZLWKWKH
SHUVSLUDWLRQRQKLVIRUHKHDG,PXVWEHXQGHUDUUHVW$QG
KHWKUHZKLPVHOIEDFNLQWKHFDODVKQRWWKLVWLPHWRVOHHS
EXWWRWKLQN'LUHFWO\DIWHUZDUGVWKHPRRQURVH+HWKHQVDZ
WKHJUHDWDTXHGXFWVWKRVHVWRQHSKDQWRPVZKLFKKHKDG
EHIRUHUHPDUNHGRQO\WKHQWKH\ZHUHRQWKHULJKWKDQGQRZ
WKH\ZHUHRQWKHOHIW+HXQGHUVWRRGWKDWWKH\KDGGHVFULEHG
DFLUFOHDQGZHUHEULQJLQJKLPEDFNWR5RPH2K
XQIRUWXQDWHKHFULHGWKH\PXVWKDYHREWDLQHGP\DUUHVW
7KHFDUULDJHFRQWLQXHGWRUROORQZLWKIULJKWIXOVSHHG$Q
KRXURIWHUURUHODSVHGIRUHYHU\VSRWWKH\SDVVHGVKRZHG
WKDWWKH\ZHUHRQWKHURDGEDFN$WOHQJWKKHVDZDGDUN
PDVVDJDLQVWZKLFKLWVHHPHGDVLIWKHFDUULDJHZDVDERXW
WRGDVKEXWWKHYHKLFOHWXUQHGWRRQHVLGHOHDYLQJWKH
EDUULHUEHKLQGDQG'DQJODUVVDZWKDWLWZDVRQHRIWKH
UDPSDUWVHQFLUFOLQJ5RPH
0RQGLHXFULHG'DQJODUVZHDUHQRWUHWXUQLQJWR5RPH
WKHQLWLVQRWMXVWLFHZKLFKLVSXUVXLQJPH*UDFLRXV
KHDYHQVDQRWKHULGHDSUHVHQWVLWVHOIZKDWLIWKH\VKRXOG
EH
+LVKDLUVWRRGRQHQG+HUHPHPEHUHGWKRVHLQWHUHVWLQJ
VWRULHVVROLWWOHEHOLHYHGLQ3DULVUHVSHFWLQJ5RPDQ
EDQGLWVKHUHPHPEHUHGWKHDGYHQWXUHVWKDW$OEHUWGH0RUFHUI
KDGUHODWHGZKHQLWZDVLQWHQGHGWKDWKHVKRXOGPDUU\
0DGHPRLVHOOH(XJHQLH7KH\DUHUREEHUVSHUKDSVKH
PXWWHUHG-XVWWKHQWKHFDUULDJHUROOHGRQVRPHWKLQJKDUGHU
WKDQJUDYHOURDG'DQJODUVKD]DUGHGDORRNRQERWKVLGHVRI
WKHURDGDQGSHUFHLYHGPRQXPHQWVRIDVLQJXODUIRUPDQG
KLVPLQGQRZUHFDOOHGDOOWKHGHWDLOV0RUFHUIKDGUHODWHG
DQGFRPSDULQJWKHPZLWKKLVRZQVLWXDWLRQKHIHOWVXUHWKDW
KHPXVWEHRQWKH$SSLDQ:D\2QWKHOHIWLQDVRUWRI
YDOOH\KHSHUFHLYHGDFLUFXODUH[FDYDWLRQ,WZDV
&DUDFDOOD
VFLUFXV2QDZRUGIURPWKHPDQZKRURGHDWWKH
VLGHRIWKHFDUULDJHLWVWRSSHG$WWKHVDPHWLPHWKHGRRU

1375

ZDVRSHQHG6FHQGLH[FODLPHGDFRPPDQGLQJYRLFH'DQJODUV
LQVWDQWO\GHVFHQGHGDOWKRXJKKHGLGQRW\HWVSHDN,WDOLDQ
KHXQGHUVWRRGLWYHU\ZHOO0RUHGHDGWKDQDOLYHKHORRNHG
DURXQGKLP)RXUPHQVXUURXQGHGKLPEHVLGHVWKHSRVWLOLRQ
'LTXDVDLGRQHRIWKHPHQGHVFHQGLQJDOLWWOHSDWK
OHDGLQJRXWRIWKH$SSLDQ:D\'DQJODUVIROORZHGKLVJXLGH
ZLWKRXWRSSRVLWLRQDQGKDGQRRFFDVLRQWRWXUQDURXQGWR
VHHZKHWKHUWKHWKUHHRWKHUVZHUHIROORZLQJKLP6WLOOLW
DSSHDUHGDVWKRXJKWKH\ZHUHVWDWLRQHGDWHTXDOGLVWDQFHV
IURPRQHDQRWKHUOLNHVHQWLQHOV$IWHUZDONLQJIRUDERXW
WHQPLQXWHVGXULQJZKLFK'DQJODUVGLGQRWH[FKDQJHDVLQJOH
ZRUGZLWKKLVJXLGHKHIRXQGKLPVHOIEHWZHHQDKLOORFNDQG
DFOXPSRIKLJKZHHGVWKUHHPHQVWDQGLQJVLOHQWIRUPHGD
WULDQJOHRIZKLFKKHZDVWKHFHQWUH+HZLVKHGWRVSHDN
EXWKLVWRQJXHUHIXVHGWRPRYH$YDQWLVDLGWKHVDPH
VKDUSDQGLPSHUDWLYHYRLFH
7KLVWLPH'DQJODUVKDGGRXEOHUHDVRQWRXQGHUVWDQGIRULI
WKHZRUGDQGJHVWXUHKDGQRWH[SODLQHGWKHVSHDNHU
V
PHDQLQJLWZDVFOHDUO\H[SUHVVHGE\WKHPDQZDONLQJEHKLQG
KLPZKRSXVKHGKLPVRUXGHO\WKDWKHVWUXFNDJDLQVWWKH
JXLGH7KLVJXLGHZDVRXUIULHQG3HSSLQRZKRGDVKHGLQWR
WKHWKLFNHWRIKLJKZHHGVWKURXJKDSDWKZKLFKQRQHEXW
OL]DUGVRUSROHFDWVFRXOGKDYHLPDJLQHGWREHDQRSHQURDG
3HSSLQRVWRSSHGEHIRUHDSLWRYHUKXQJE\WKLFNKHGJHVWKH
SLWKDOIRSHQDIIRUGHGDSDVVDJHWRWKH\RXQJPDQZKR
GLVDSSHDUHGOLNHWKHHYLOVSLULWVLQWKHIDLU\WDOHV7KH
YRLFHDQGJHVWXUHRIWKHPDQZKRIROORZHG'DQJODUVRUGHUHG
KLPWRGRWKHVDPH7KHUHZDVQRORQJHUDQ\GRXEWWKH
EDQNUXSWZDVLQWKHKDQGVRI5RPDQEDQGLWWL'DQJODUV
DFTXLWWHGKLPVHOIOLNHDPDQSODFHGEHWZHHQWZRGDQJHURXV
SRVLWLRQVDQGZKRLVUHQGHUHGEUDYHE\IHDU
1RWZLWKVWDQGLQJKLVODUJHVWRPDFKFHUWDLQO\QRWLQWHQGHGWR
SHQHWUDWHWKHILVVXUHVRIWKH&DPSDJQDKHVOLGGRZQOLNH
3HSSLQRDQGFORVLQJKLVH\HVIHOOXSRQKLVIHHW$VKH
WRXFKHGWKHJURXQGKHRSHQHGKLVH\HV7KHSDWKZDVZLGH
EXWGDUN3HSSLQRZKRFDUHGOLWWOHIRUEHLQJUHFRJQL]HGQRZ
WKDWKHZDVLQKLVRZQWHUULWRULHVVWUXFNDOLJKWDQGOLWD
WRUFK7ZRRWKHUPHQGHVFHQGHGDIWHU'DQJODUVIRUPLQJWKH
UHDUJXDUGDQGSXVKLQJ'DQJODUVZKHQHYHUKHKDSSHQHGWR
VWRSWKH\FDPHE\DJHQWOHGHFOLYLW\WRWKHLQWHUVHFWLRQRI
WZRFRUULGRUV7KHZDOOVZHUHKROORZHGRXWLQVHSXOFKUHV
RQHDERYHWKHRWKHUDQGZKLFKVHHPHGLQFRQWUDVWZLWKWKH

1376

ZKLWHVWRQHVWRRSHQWKHLUODUJHGDUNH\HVOLNHWKRVHZKLFK
ZHVHHRQWKHIDFHVRIWKHGHDG$VHQWLQHOVWUXFNWKHULQJV
RIKLVFDUELQHDJDLQVWKLVOHIWKDQG:KRFRPHVWKHUH"KH
FULHG
$IULHQGDIULHQGVDLG3HSSLQREXWZKHUHLVWKH
FDSWDLQ"
7KHUHVDLGWKHVHQWLQHOSRLQWLQJRYHUKLVVKRXOGHUWRD
VSDFLRXVFU\SWKROORZHGRXWRIWKHURFNWKHOLJKWVIURP
ZKLFKVKRQHLQWRWKHSDVVDJHWKURXJKWKHODUJHDUFKHG
RSHQLQJV)LQHVSRLOFDSWDLQILQHVSRLOVDLG3HSSLQRLQ
,WDOLDQDQGWDNLQJ'DQJODUVE\WKHFROODURIKLVFRDWKH
GUDJJHGKLPWRDQRSHQLQJUHVHPEOLQJDGRRUWKURXJKZKLFK
WKH\HQWHUHGWKHDSDUWPHQWZKLFKWKHFDSWDLQDSSHDUHGWR
KDYHPDGHKLVGZHOOLQJSODFH
,VWKLVWKHPDQ"DVNHGWKHFDSWDLQZKRZDVDWWHQWLYHO\
UHDGLQJ3OXWDUFK
V/LIHRI$OH[DQGHU
+LPVHOIFDSWDLQKLPVHOI
9HU\ZHOOVKRZKLPWRPH$WWKLVUDWKHULPSHUWLQHQW
RUGHU3HSSLQRUDLVHGKLVWRUFKWRWKHIDFHRI'DQJODUVZKR
KDVWLO\ZLWKGUHZWKDWKHPLJKWQRWKDYHKLVH\HODVKHVEXUQW
+LVDJLWDWHGIHDWXUHVSUHVHQWHGWKHDSSHDUDQFHRISDOHDQG
KLGHRXVWHUURU7KHPDQLVWLUHGVDLGWKHFDSWDLQ
FRQGXFWKLPWRKLVEHG
2KPXUPXUHG'DQJODUVWKDWEHGLVSUREDEO\RQHRIWKH
FRIILQVKROORZHGLQWKHZDOODQGWKHVOHHS,VKDOOHQMR\
ZLOOEHGHDWKIURPRQHRIWKHSRQLDUGV,VHHJOLVWHQLQJLQ
WKHGDUNQHVV
)URPWKHLUEHGVRIGULHGOHDYHVRUZROIVNLQVDWWKHEDFNRI
WKHFKDPEHUQRZDURVHWKHFRPSDQLRQVRIWKHPDQZKRKDGEHHQ
IRXQGE\$OEHUWGH0RUFHUIUHDGLQJ&DHVDU
V&RPPHQWDULHV
DQGE\'DQJODUVVWXG\LQJWKH/LIHRI$OH[DQGHU7KHEDQNHU
XWWHUHGDJURDQDQGIROORZHGKLVJXLGHKHQHLWKHU
VXSSOLFDWHGQRUH[FODLPHG+HQRORQJHUSRVVHVVHGVWUHQJWK
ZLOOSRZHURUIHHOLQJKHIROORZHGZKHUHWKH\OHGKLP$W
OHQJWKKHIRXQGKLPVHOIDWWKHIRRWRIDVWDLUFDVHDQGKH
PHFKDQLFDOO\OLIWHGKLVIRRWILYHRUVL[WLPHV7KHQDORZ
GRRUZDVRSHQHGEHIRUHKLPDQGEHQGLQJKLVKHDGWRDYRLG

1377

VWULNLQJKLVIRUHKHDGKHHQWHUHGDVPDOOURRPFXWRXWRIWKH
URFN7KHFHOOZDVFOHDQWKRXJKHPSW\DQGGU\WKRXJK
VLWXDWHGDWDQLPPHDVXUDEOHGLVWDQFHXQGHUWKHHDUWK$EHG
RIGULHGJUDVVFRYHUHGZLWKJRDWVNLQVZDVSODFHGLQRQH
FRUQHU'DQJODUVEULJKWHQHGXSRQEHKROGLQJLWIDQF\LQJ
WKDWLWJDYHVRPHSURPLVHRIVDIHW\2K*RGEHSUDLVHG
KHVDLGLWLVDUHDOEHG
(FFRVDLGWKHJXLGHDQGSXVKLQJ'DQJODUVLQWRWKHFHOO
KHFORVHGWKHGRRUXSRQKLP$EROWJUDWHGDQG'DQJODUVZDV
DSULVRQHU,IWKHUHKDGEHHQQREROWLWZRXOGKDYHEHHQ
LPSRVVLEOHIRUKLPWRSDVVWKURXJKWKHPLGVWRIWKHJDUULVRQ
ZKRKHOGWKHFDWDFRPEVRI6W6HEDVWLDQHQFDPSHGURXQGD
PDVWHUZKRPRXUUHDGHUVPXVWKDYHUHFRJQL]HGDVWKHIDPRXV
/XLJL9DPSD'DQJODUVWRRKDGUHFRJQL]HGWKHEDQGLWZKRVH
H[LVWHQFHKHZRXOGQRWEHOLHYHZKHQ$OEHUWGH0RUFHUI
PHQWLRQHGKLPLQ3DULVDQGQRWRQO\GLGKHUHFRJQL]HKLP
EXWWKHFHOOLQZKLFK$OEHUWKDGEHHQFRQILQHGDQGZKLFK
ZDVSUREDEO\NHSWIRUWKHDFFRPPRGDWLRQRIVWUDQJHUV7KHVH
UHFROOHFWLRQVZHUHGZHOWXSRQZLWKVRPHSOHDVXUHE\
'DQJODUVDQGUHVWRUHGKLPWRVRPHGHJUHHRIWUDQTXLOOLW\
6LQFHWKHEDQGLWVKDGQRWGHVSDWFKHGKLPDWRQFHKHIHOW
WKDWWKH\ZRXOGQRWNLOOKLPDWDOO7KH\KDGDUUHVWHGKLP
IRUWKHSXUSRVHRIUREEHU\DQGDVKHKDGRQO\DIHZORXLV
DERXWKLPKHGRXEWHGQRWKHZRXOGEHUDQVRPHG+H
UHPHPEHUHGWKDW0RUFHUIKDGEHHQWD[HGDWFURZQVDQG
DVKHFRQVLGHUHGKLPVHOIRIPXFKJUHDWHULPSRUWDQFHWKDQ
0RUFHUIKHIL[HGKLVRZQSULFHDWFURZQV(LJKW
WKRXVDQGFURZQVDPRXQWHGWROLYUHVKHZRXOGWKHQ
KDYHDERXWIUDQFVOHIW:LWKWKLVVXPKHFRXOG
PDQDJHWRNHHSRXWRIGLIILFXOWLHV7KHUHIRUHWROHUDEO\
VHFXUHLQEHLQJDEOHWRH[WULFDWHKLPVHOIIURPKLVSRVLWLRQ
SURYLGHGKHZHUHQRWUDWHGDWWKHXQUHDVRQDEOHVXPRI
IUDQFVKHVWUHWFKHGKLPVHOIRQKLVEHGDQGDIWHU
WXUQLQJRYHUWZRRUWKUHHWLPHVIHOODVOHHSZLWKWKH
WUDQTXLOOLW\RIWKHKHURZKRVHOLIH/XLJL9DPSDZDV
VWXG\LQJ

&KDSWHU
/XLJL9DPSD
V%LOORI)DUH
:HDZDNHIURPHYHU\VOHHSH[FHSWWKHRQHGUHDGHGE\

1378

'DQJODUV+HDZRNH7RD3DULVLDQDFFXVWRPHGWRVLONHQ
FXUWDLQVZDOOVKXQJZLWKYHOYHWGUDSHU\DQGWKHVRIW
SHUIXPHRIEXUQLQJZRRGWKHZKLWHVPRNHRIZKLFKGLIIXVHV
LWVHOILQJUDFHIXOFXUYHVDURXQGWKHURRPWKHDSSHDUDQFHRI
WKHZKLWHZDVKHGFHOOZKLFKJUHHWHGKLVH\HVRQDZDNHQLQJ
VHHPHGOLNHWKHFRQWLQXDWLRQRIVRPHGLVDJUHHDEOHGUHDP%XW
LQVXFKDVLWXDWLRQDVLQJOHPRPHQWVXIILFHVWRFKDQJHWKH
VWURQJHVWGRXEWLQWRFHUWDLQW\<HV\HVKHPXUPXUHG,
DPLQWKHKDQGVRIWKHEULJDQGVRIZKRP$OEHUWGH0RUFHUI
VSRNH+LVILUVWLGHDZDVWREUHDWKHWKDWKHPLJKWNQRZ
ZKHWKHUKHZDVZRXQGHG+HERUURZHGWKLVIURP'RQ4XL[RWH
WKHRQO\ERRNKHKDGHYHUUHDGEXWZKLFKKHVWLOOVOLJKWO\
UHPHPEHUHG
1RKHFULHGWKH\KDYHQRWZRXQGHGEXWSHUKDSVWKH\
KDYHUREEHGPHDQGKHWKUXVWKLVKDQGVLQWRKLVSRFNHWV
7KH\ZHUHXQWRXFKHGWKHKXQGUHGORXLVKHKDGUHVHUYHGIRU
KLVMRXUQH\IURP5RPHWR9HQLFHZHUHLQKLVWURXVHUVSRFNHW
DQGLQWKDWRIKLVJUHDWFRDWKHIRXQGWKHOLWWOHQRWHFDVH
FRQWDLQLQJKLVOHWWHURIFUHGLWIRUIUDQFV
6LQJXODUEDQGLWVKHH[FODLPHGWKH\KDYHOHIWPHP\
SXUVHDQGSRFNHWERRN$V,ZDVVD\LQJODVWQLJKWWKH\
LQWHQGPHWREHUDQVRPHG+DOORKHUHLVP\ZDWFK/HWPH
VHHZKDWWLPHLWLV'DQJODUV
ZDWFKRQHRI%UHJXHW
V
UHSHDWHUVZKLFKKHKDGFDUHIXOO\ZRXQGXSRQWKHSUHYLRXV
QLJKWVWUXFNKDOISDVWILYH:LWKRXWWKLV'DQJODUVZRXOG
KDYHEHHQTXLWHLJQRUDQWRIWKHWLPHIRUGD\OLJKWGLGQRW
UHDFKKLVFHOO6KRXOGKHGHPDQGDQH[SODQDWLRQIURPWKH
EDQGLWVRUVKRXOGKHZDLWSDWLHQWO\IRUWKHPWRSURSRVHLW"
7KHODVWDOWHUQDWLYHVHHPHGWKHPRVWSUXGHQWVRKHZDLWHG
XQWLOWZHOYHR
FORFN'XULQJDOOWKLVWLPHDVHQWLQHOZKR
KDGEHHQUHOLHYHGDWHLJKWR
FORFNKDGEHHQZDWFKLQJKLV
GRRU'DQJODUVVXGGHQO\IHOWDVWURQJLQFOLQDWLRQWRVHHWKH
SHUVRQZKRNHSWZDWFKRYHUKLP+HKDGQRWLFHGWKDWDIHZ
UD\VQRWRIGD\OLJKWEXWIURPDODPSSHQHWUDWHGWKURXJK
WKHLOOMRLQHGSODQNVRIWKHGRRUKHDSSURDFKHGMXVWDVWKH
EULJDQGZDVUHIUHVKLQJKLPVHOIZLWKDPRXWKIXORIEUDQG\
ZKLFKRZLQJWRWKHOHDWKHUQERWWOHFRQWDLQLQJLWVHQW
IRUWKDQRGRUZKLFKZDVH[WUHPHO\XQSOHDVDQWWR'DQJODUV
)DXJKKHH[FODLPHGUHWUHDWLQJWRWKHIDUWKHUFRUQHURI
KLVFHOO
$WWZHOYHWKLVPDQZDVUHSODFHGE\DQRWKHUIXQFWLRQDU\DQG
'DQJODUVZLVKLQJWRFDWFKVLJKWRIKLVQHZJXDUGLDQ

1379

DSSURDFKHGWKHGRRUDJDLQ+HZDVDQDWKOHWLFJLJDQWLF
EDQGLWZLWKODUJHH\HVWKLFNOLSVDQGDIODWQRVHKLV
UHGKDLUIHOOLQGLVKHYHOOHGPDVVHVOLNHVQDNHVDURXQGKLV
VKRXOGHUV$KKDFULHG'DQJODUVWKLVIHOORZLVPRUH
OLNHDQRJUHWKDQDQ\WKLQJHOVHKRZHYHU,DPUDWKHUWRR
ROGDQGWRXJKWREHYHU\JRRGHDWLQJ:HVHHWKDW'DQJODUV
ZDVFROOHFWHGHQRXJKWRMHVWDWWKHVDPHWLPHDVWKRXJKWR
GLVSURYHWKHRJUHLVKSURSHQVLWLHVWKHPDQWRRNVRPHEODFN
EUHDGFKHHVHDQGRQLRQVIURPKLVZDOOHWZKLFKKHEHJDQ
GHYRXULQJYRUDFLRXVO\0D\,EHKDQJHGVDLG'DQJODUV
JODQFLQJDWWKHEDQGLW
VGLQQHUWKURXJKWKHFUHYLFHVRIWKH
GRRUPD\,EHKDQJHGLI,FDQXQGHUVWDQGKRZSHRSOHFDQ
HDWVXFKILOWKDQGKHZLWKGUHZWRVHDWKLPVHOIXSRQKLV
JRDWVNLQZKLFKUHPLQGHGKLPRIWKHVPHOORIWKHEUDQG\
%XWWKHP\VWHULHVRIQDWXUHDUHLQFRPSUHKHQVLEOHDQGWKHUH
DUHFHUWDLQLQYLWDWLRQVFRQWDLQHGLQHYHQWKHFRDUVHVWIRRG
ZKLFKDSSHDOYHU\LUUHVLVWLEO\WRDIDVWLQJVWRPDFK
'DQJODUVIHOWKLVRZQQRWWREHYHU\ZHOOVXSSOLHGMXVW
WKHQDQGJUDGXDOO\WKHPDQDSSHDUHGOHVVXJO\WKHEUHDG
OHVVEODFNDQGWKHFKHHVHPRUHIUHVKZKLOHWKRVHGUHDGIXO
YXOJDURQLRQVUHFDOOHGWRKLVPLQGFHUWDLQVDXFHVDQG
VLGHGLVKHVZKLFKKLVFRRNSUHSDUHGLQDYHU\VXSHULRU
PDQQHUZKHQHYHUKHVDLG0RQVLHXU'HQLVHDXOHWPHKDYHD
QLFHOLWWOHIULFDVVHHWRGD\+HJRWXSDQGNQRFNHGRQWKH
GRRUWKHEDQGLWUDLVHGKLVKHDG'DQJODUVNQHZWKDWKHZDV
KHDUGVRKHUHGRXEOHGKLVEORZV&KHFRVD"DVNHGWKH
EDQGLW&RPHFRPHVDLG'DQJODUVWDSSLQJKLVILQJHUV
DJDLQVWWKHGRRU,WKLQNLWLVTXLWHWLPHWRWKLQNRI
JLYLQJPHVRPHWKLQJWRHDW%XWZKHWKHUKHGLGQRW
XQGHUVWDQGKLPRUZKHWKHUKHKDGUHFHLYHGQRRUGHUV
UHVSHFWLQJWKHQRXULVKPHQWRI'DQJODUVWKHJLDQWZLWKRXW
DQVZHULQJZHQWRQZLWKKLVGLQQHU'DQJODUV
IHHOLQJVZHUH
KXUWDQGQRWZLVKLQJWRSXWKLPVHOIXQGHUREOLJDWLRQVWR
WKHEUXWHWKHEDQNHUWKUHZKLPVHOIGRZQDJDLQRQKLV
JRDWVNLQDQGGLGQRWEUHDWKHDQRWKHUZRUG
)RXUKRXUVSDVVHGE\DQGWKHJLDQWZDVUHSODFHGE\DQRWKHU
EDQGLW'DQJODUVZKRUHDOO\EHJDQWRH[SHULHQFHVXQGU\
JQDZLQJVDWWKHVWRPDFKDURVHVRIWO\DJDLQDSSOLHGKLVH\H
WRWKHFUDFNRIWKHGRRUDQGUHFRJQL]HGWKHLQWHOOLJHQW
FRXQWHQDQFHRIKLVJXLGH,WZDVLQGHHG3HSSLQRZKRZDV
SUHSDULQJWRPRXQWJXDUGDVFRPIRUWDEO\DVSRVVLEOHE\
VHDWLQJKLPVHOIRSSRVLWHWRWKHGRRUDQGSODFLQJEHWZHHQ

1380

KLVOHJVDQHDUWKHQSDQFRQWDLQLQJFKLFNSHDVHVWHZHGZLWK
EDFRQ1HDUWKHSDQKHDOVRSODFHGDSUHWW\OLWWOHEDVNHWRI
9LOOHWULJUDSHVDQGDIODVNRI2UYLHWR3HSSLQRZDV
GHFLGHGO\DQHSLFXUH'DQJODUVZDWFKHGWKHVHSUHSDUDWLRQV
DQGKLVPRXWKZDWHUHG&RPHKHVDLGWRKLPVHOIOHWPH
WU\LIKHZLOOEHPRUHWUDFWDEOHWKDQWKHRWKHUDQGKH
WDSSHGJHQWO\DWWKHGRRU2Q\YD FRPLQJ H[FODLPHG
3HSSLQRZKRIURPIUHTXHQWLQJWKHKRXVHRI6LJQRU3DVWULQL
XQGHUVWRRG)UHQFKSHUIHFWO\LQDOOLWVLGLRPV
'DQJODUVLPPHGLDWHO\UHFRJQL]HGKLPDVWKHPDQZKRKDG
FDOOHGRXWLQVXFKDIXULRXVPDQQHU3XWLQ\RXUKHDG%XW
WKLVZDVQRWWKHWLPHIRUUHFULPLQDWLRQVRKHDVVXPHGKLV
PRVWDJUHHDEOHPDQQHUDQGVDLGZLWKDJUDFLRXVVPLOH
([FXVHPHVLUEXWDUHWKH\QRWJRLQJWRJLYHPHDQ\
GLQQHU"
'RHV\RXUH[FHOOHQF\KDSSHQWREHKXQJU\"
+DSSHQWREHKXQJU\WKDW
VSUHWW\JRRGZKHQ,KDYHQ
W
HDWHQIRUWZHQW\IRXUKRXUVPXWWHUHG'DQJODUV7KHQKH
DGGHGDORXG<HVVLU,DPKXQJU\YHU\KXQJU\
:KDWZRXOG\RXUH[FHOOHQF\OLNH"DQG3HSSLQRSODFHGKLV
SDQRQWKHJURXQGVRWKDWWKHVWHDPURVHGLUHFWO\XQGHUWKH
QRVWULOVRI'DQJODUV*LYH\RXURUGHUV
+DYH\RXNLWFKHQVKHUH"
.LWFKHQV"RIFRXUVHFRPSOHWHRQHV
$QGFRRNV"
([FHOOHQW
:HOODIRZOILVKJDPHLWVLJQLILHVOLWWOHVRWKDW,
HDW
$V\RXUH[FHOOHQF\SOHDVHV<RXPHQWLRQHGDIRZO,WKLQN"
<HVDIRZO3HSSLQRWXUQLQJDURXQGVKRXWHG$IRZOIRU
KLVH[FHOOHQF\+LVYRLFH\HWHFKRHGLQWKHDUFKZD\ZKHQD
KDQGVRPHJUDFHIXODQGKDOIQDNHG\RXQJPDQDSSHDUHG
EHDULQJDIRZOLQDVLOYHUGLVKRQKLVKHDGZLWKRXWWKH

1381

DVVLVWDQFHRIKLVKDQGV,FRXOGDOPRVWEHOLHYHP\VHOIDW
WKH&DIHGH3DULVPXUPXUHG'DQJODUV
+HUH\RXUH[FHOOHQF\VDLG3HSSLQRWDNLQJWKHIRZOIURP
WKH\RXQJEDQGLWDQGSODFLQJLWRQWKHZRUPHDWHQWDEOH
ZKLFKZLWKWKHVWRRODQGWKHJRDWVNLQEHGIRUPHGWKHHQWLUH
IXUQLWXUHRIWKHFHOO'DQJODUVDVNHGIRUDNQLIHDQGIRUN
+HUHH[FHOOHQF\VDLG3HSSLQRRIIHULQJKLPDOLWWOH
EOXQWNQLIHDQGDER[ZRRGIRUN'DQJODUVWRRNWKHNQLIHLQ
RQHKDQGDQGWKHIRUNLQWKHRWKHUDQGZDVDERXWWRFXWXS
WKHIRZO3DUGRQPHH[FHOOHQF\VDLG3HSSLQRSODFLQJKLV
KDQGRQWKHEDQNHU
VVKRXOGHUSHRSOHSD\KHUHEHIRUHWKH\
HDW7KH\PLJKWQRWEHVDWLVILHGDQG
$KKDWKRXJKW'DQJODUVWKLVLVQRWVRPXFKOLNH3DULV
H[FHSWWKDW,VKDOOSUREDEO\EHVNLQQHG1HYHUPLQG,
OO
IL[WKDWDOOULJKW,KDYHDOZD\VKHDUGKRZFKHDSSRXOWU\LV
LQ,WDO\,VKRXOGWKLQNDIRZOLVZRUWKDERXWWZHOYHVRXV
DW5RPH7KHUHKHVDLGWKURZLQJDORXLVGRZQ3HSSLQR
SLFNHGXSWKHORXLVDQG'DQJODUVDJDLQSUHSDUHGWRFDUYH
WKHIRZO6WD\DPRPHQW\RXUH[FHOOHQF\VDLG3HSSLQR
ULVLQJ\RXVWLOORZHPHVRPHWKLQJ
,VDLGWKH\ZRXOGVNLQPHWKRXJKW'DQJODUVEXWUHVROYLQJ
WRUHVLVWWKHH[WRUWLRQKHVDLG&RPHKRZPXFKGR,RZH
\RXIRUWKLVIRZO"
<RXUH[FHOOHQF\KDVJLYHQPHDORXLVRQDFFRXQW
$ORXLVRQDFFRXQWIRUDIRZO"
&HUWDLQO\DQG\RXUH[FHOOHQF\QRZRZHVPHORXLV
'DQJODUVRSHQHGKLVHQRUPRXVH\HVRQKHDULQJWKLVJLJDQWLF
MRNH&RPHFRPHWKLVLVYHU\GUROOYHU\DPXVLQJ,
DOORZEXWDV,DPYHU\KXQJU\SUD\DOORZPHWRHDW6WD\
KHUHLVDQRWKHUORXLVIRU\RX
7KHQWKDWZLOOPDNHRQO\ORXLVPRUHVDLG3HSSLQR
ZLWKWKHVDPHLQGLIIHUHQFH,VKDOOJHWWKHPDOOLQWLPH
2KDVIRUWKDWVDLG'DQJODUVDQJU\DWWKLVSURORQJDWLRQ
RIWKHMHVWDVIRUWKDW\RXZRQ
WJHWWKHPDWDOO*R
WRWKHGHYLO<RXGRQRWNQRZZLWKZKRP\RXKDYHWRGHDO
3HSSLQRPDGHDVLJQDQGWKH\RXWKKDVWLO\UHPRYHGWKHIRZO

1382

'DQJODUVWKUHZKLPVHOIXSRQKLVJRDWVNLQDQG3HSSLQR
UHFORVLQJWKHGRRUDJDLQEHJDQHDWLQJKLVSHDVHDQGEDFRQ
7KRXJK'DQJODUVFRXOGQRWVHH3HSSLQRWKHQRLVHRIKLV
WHHWKDOORZHGQRGRXEWDVWRKLVRFFXSDWLRQ+HZDV
FHUWDLQO\HDWLQJDQGQRLVLO\WRROLNHDQLOOEUHGPDQ
%UXWHVDLG'DQJODUV3HSSLQRSUHWHQGHGQRWWRKHDUKLP
DQGZLWKRXWHYHQWXUQLQJKLVKHDGFRQWLQXHGWRHDWVORZO\
'DQJODUV
VWRPDFKIHOWVRHPSW\WKDWLWVHHPHGDVLILW
ZRXOGEHLPSRVVLEOHHYHUWRILOOLWDJDLQVWLOOKHKDG
SDWLHQFHIRUDQRWKHUKDOIKRXUZKLFKDSSHDUHGWRKLPOLNHD
FHQWXU\+HDJDLQDURVHDQGZHQWWRWKHGRRU&RPHVLUGR
QRWNHHSPHVWDUYLQJKHUHDQ\ORQJHUEXWWHOOPHZKDWWKH\
ZDQW
1D\\RXUH[FHOOHQF\LWLV\RXZKRVKRXOGWHOOXVZKDW\RX
ZDQW*LYH\RXURUGHUVDQGZHZLOOH[HFXWHWKHP
7KHQRSHQWKHGRRUGLUHFWO\3HSSLQRREH\HG1RZORRN
KHUH,ZDQWVRPHWKLQJWRHDW7RHDWGR\RXKHDU"
$UH\RXKXQJU\"
&RPH\RXXQGHUVWDQGPH
:KDWZRXOG\RXUH[FHOOHQF\OLNHWRHDW"
$SLHFHRIGU\EUHDGVLQFHWKHIRZOVDUHEH\RQGDOOSULFH
LQWKLVDFFXUVHGSODFH
%UHDG"9HU\ZHOO+DOORWKHUHVRPHEUHDGKHFDOOHG7KH
\RXWKEURXJKWDVPDOOORDI+RZPXFK"DVNHG'DQJODUV
)RXUWKRXVDQGQLQHKXQGUHGDQGQLQHW\HLJKWORXLVVDLG
3HSSLQR<RXKDYHSDLGWZRORXLVLQDGYDQFH
:KDW"2QHKXQGUHGWKRXVDQGIUDQFVIRUDORDI"
2QHKXQGUHGWKRXVDQGIUDQFVUHSHDWHG3HSSLQR
%XW\RXRQO\DVNHGIUDQFVIRUDIRZO
:HKDYHDIL[HGSULFHIRUDOORXUSURYLVLRQV,WVLJQLILHV
QRWKLQJZKHWKHU\RXHDWPXFKRUOLWWOHZKHWKHU\RXKDYH
WHQGLVKHVRURQHLWLVDOZD\VWKHVDPHSULFH

1383

:KDWVWLOONHHSLQJXSWKLVVLOO\MHVW"0\GHDUIHOORZLW
LVSHUIHFWO\ULGLFXORXVVWXSLG<RXKDGEHWWHUWHOOPHDW
RQFHWKDW\RXLQWHQGVWDUYLQJPHWRGHDWK
2KGHDUQR\RXUH[FHOOHQF\XQOHVV\RXLQWHQGWRFRPPLW
VXLFLGH3D\DQGHDW
$QGZKDWDP,WRSD\ZLWKEUXWH"VDLG'DQJODUVHQUDJHG
'R\RXVXSSRVH,FDUU\IUDQFVLQP\SRFNHW"
<RXUH[FHOOHQF\KDVIUDQFVLQ\RXUSRFNHWWKDW
ZLOOEHILIW\IRZOVDWIUDQFVDSLHFHDQGKDOID
IRZOIRUWKH
'DQJODUVVKXGGHUHG7KHEDQGDJHIHOOIURPKLVH\HVDQGKH
XQGHUVWRRGWKHMRNHZKLFKKHGLGQRWWKLQNTXLWHVRVWXSLG
DVKHKDGGRQHMXVWEHIRUH&RPHKHVDLGLI,SD\\RX
WKHIUDQFVZLOO\RXEHVDWLVILHGDQGDOORZPHWR
HDWDWP\HDVH"
&HUWDLQO\VDLG3HSSLQR
%XWKRZFDQ,SD\WKHP"
2KQRWKLQJHDVLHU\RXKDYHDQDFFRXQWRSHQZLWK0HVVUV
7KRPVRQ )UHQFK9LDGHL%DQFKL5RPHJLYHPHDGUDIWIRU
ORXLVRQWKHVHJHQWOHPHQDQGRXUEDQNHUVKDOOWDNH
LW'DQJODUVWKRXJKWLWDVZHOOWRFRPSO\ZLWKDJRRG
JUDFHVRKHWRRNWKHSHQLQNDQGSDSHU3HSSLQRRIIHUHG
KLPZURWHWKHGUDIWDQGVLJQHGLW+HUHKHVDLGKHUH
LVDGUDIWDWVLJKW
$QGKHUHLV\RXUIRZO'DQJODUVVLJKHGZKLOHKHFDUYHGWKH
IRZOLWDSSHDUHGYHU\WKLQIRUWKHSULFHLWKDGFRVW$V
IRU3HSSLQRKHH[DPLQHGWKHSDSHUDWWHQWLYHO\SXWLWLQWR
KLVSRFNHWDQGFRQWLQXHGHDWLQJKLVSHDVH

&KDSWHU
7KH3DUGRQ
7KHQH[WGD\'DQJODUVZDVDJDLQKXQJU\FHUWDLQO\WKHDLURI

1384

WKDWGXQJHRQZDVYHU\SURYRFDWLYHRIDSSHWLWH7KHSULVRQHU
H[SHFWHGWKDWKHZRXOGEHDWQRH[SHQVHWKDWGD\IRUOLNH
DQHFRQRPLFDOPDQKHKDGFRQFHDOHGKDOIRIKLVIRZODQGD
SLHFHRIWKHEUHDGLQWKHFRUQHURIKLVFHOO%XWKHKDGQR
VRRQHUHDWHQWKDQKHIHOWWKLUVW\KHKDGIRUJRWWHQWKDW+H
VWUXJJOHGDJDLQVWKLVWKLUVWWLOOKLVWRQJXHFODYHWRWKH
URRIRIKLVPRXWKWKHQQRORQJHUDEOHWRUHVLVWKHFDOOHG
RXW7KHVHQWLQHORSHQHGWKHGRRULWZDVDQHZIDFH+H
WKRXJKWLWZRXOGEHEHWWHUWRWUDQVDFWEXVLQHVVZLWKKLVROG
DFTXDLQWDQFHVRKHVHQWIRU3HSSLQR+HUH,DP\RXU
H[FHOOHQF\VDLG3HSSLQRZLWKDQHDJHUQHVVZKLFK'DQJODUV
WKRXJKWIDYRUDEOHWRKLP:KDWGR\RXZDQW"
6RPHWKLQJWRGULQN
<RXUH[FHOOHQF\NQRZVWKDWZLQHLVEH\RQGDOOSULFHQHDU
5RPH
7KHQJLYHPHZDWHUFULHG'DQJODUVHQGHDYRULQJWRSDUU\
WKHEORZ
2KZDWHULVHYHQPRUHVFDUFHWKDQZLQH\RXUH[FHOOHQF\
WKHUHKDVEHHQVXFKDGURXJKW
&RPHWKRXJKW'DQJODUVLWLVWKHVDPHROGVWRU\$QG
ZKLOHKHVPLOHGDVKHDWWHPSWHGWRUHJDUGWKHDIIDLUDVD
MRNHKHIHOWKLVWHPSOHVJHWPRLVWZLWKSHUVSLUDWLRQ
&RPHP\IULHQGVDLG'DQJODUVVHHLQJWKDWKHPDGHQR
LPSUHVVLRQRQ3HSSLQR\RXZLOOQRWUHIXVHPHDJODVVRI
ZLQH"
,KDYHDOUHDG\WROG\RXWKDWZHGRQRWVHOODWUHWDLO
:HOOWKHQOHWPHKDYHDERWWOHRIWKHOHDVWH[SHQVLYH
7KH\DUHDOOWKHVDPHSULFH
$QGZKDWLVWKDW"
7ZHQW\ILYHWKRXVDQGIUDQFVDERWWOH
7HOOPHFULHG'DQJODUVLQDWRQHZKRVHELWWHUQHVV
+DUSDJRQ DORQHKDVEHHQFDSDEOHRIUHYHDOLQJWHOOWKH

1385

WKDW\RXZLVKWRGHVSRLOPHRIDOOLWZLOOEHVRRQHURYHU
WKDQGHYRXULQJPHSLHFHPHDO
7KHPLVHULQ0ROLHUH
VFRPHG\RI/
$YDUH(G
,WLVSRVVLEOHVXFKPD\EHWKHPDVWHU
VLQWHQWLRQ
7KHPDVWHU"ZKRLVKH"
7KHSHUVRQWRZKRP\RXZHUHFRQGXFWHG\HVWHUGD\
:KHUHLVKH"
+HUH
/HWPHVHHKLP
&HUWDLQO\$QGWKHQH[WPRPHQW/XLJL9DPSDDSSHDUHGEHIRUH
'DQJODUV
<RXVHQWIRUPH"KHVDLGWRWKHSULVRQHU
$UH\RXVLUWKHFKLHIRIWKHSHRSOHZKREURXJKWPHKHUH"
<HV\RXUH[FHOOHQF\:KDWWKHQ"
+RZPXFKGR\RXUHTXLUHIRUP\UDQVRP"
0HUHO\WKH\RXKDYHDERXW\RX'DQJODUVIHOWD
GUHDGIXOVSDVPGDUWWKURXJKKLVKHDUW%XWWKLVLVDOO,
KDYHOHIWLQWKHZRUOGKHVDLGRXWRIDQLPPHQVH
IRUWXQH,I\RXGHSULYHPHRIWKDWWDNHDZD\P\OLIHDOVR
:HDUHIRUELGGHQWRVKHG\RXUEORRG
$QGE\ZKRPDUH\RXIRUELGGHQ"
%\KLPZHREH\
<RXGRWKHQREH\VRPHRQH"
<HVDFKLHI
,WKRXJKW\RXVDLG\RXZHUHWKHFKLHI"

1386

6R,DPRIWKHVHPHQEXWWKHUHLVDQRWKHURYHUPH
$QGGLG\RXUVXSHULRURUGHU\RXWRWUHDWPHLQWKLVZD\"
<HV
%XWP\SXUVHZLOOEHH[KDXVWHG
3UREDEO\
&RPHVDLG'DQJODUVZLOO\RXWDNHDPLOOLRQ"
1R
7ZRPLOOLRQV"WKUHH"IRXU"&RPHIRXU",ZLOOJLYH
WKHPWR\RXRQFRQGLWLRQWKDW\RXOHWPHJR
:K\GR\RXRIIHUPHIRUZKDWLVZRUWK"
7KLVLVDNLQGRIXVXU\EDQNHUWKDW,GRQRWXQGHUVWDQG
7DNHDOOWKHQWDNHDOO,WHOO\RXDQGNLOOPH
&RPHFRPHFDOP\RXUVHOI<RXZLOOH[FLWH\RXUEORRGDQG
WKDWZRXOGSURGXFHDQDSSHWLWHLWZRXOGUHTXLUHDPLOOLRQD
GD\WRVDWLVI\%HPRUHHFRQRPLFDO
%XWZKHQ,KDYHQRPRUHPRQH\OHIWWRSD\\RX"DVNHGWKH
LQIXULDWHG'DQJODUV
7KHQ\RXPXVWVXIIHUKXQJHU
6XIIHUKXQJHU"VDLG'DQJODUVEHFRPLQJSDOH
0RVWOLNHO\UHSOLHG9DPSDFRROO\
%XW\RXVD\\RXGRQRWZLVKWRNLOOPH"
1R
$QG\HW\RXZLOOOHWPHSHULVKZLWKKXQJHU"
$KWKDWLVDGLIIHUHQWWKLQJ

1387

:HOOWKHQZUHWFKHVFULHG'DQJODUV,ZLOOGHI\\RXU
LQIDPRXVFDOFXODWLRQV,ZRXOGUDWKHUGLHDWRQFH<RXPD\
WRUWXUHWRUPHQWNLOOPHEXW\RXVKDOOQRWKDYHP\
VLJQDWXUHDJDLQ
$V\RXUH[FHOOHQF\SOHDVHVVDLG9DPSDDVKHOHIWWKH
FHOO'DQJODUVUDYLQJWKUHZKLPVHOIRQWKHJRDWVNLQ:KR
FRXOGWKHVHPHQEH":KRZDVWKHLQYLVLEOHFKLHI":KDWFRXOG
EHKLVLQWHQWLRQVWRZDUGVKLP"$QGZK\ZKHQHYHU\RQHHOVH
ZDVDOORZHGWREHUDQVRPHGPLJKWKHQRWDOVREH"2K\HV
FHUWDLQO\DVSHHG\YLROHQWGHDWKZRXOGEHDILQHPHDQVRI
GHFHLYLQJWKHVHUHPRUVHOHVVHQHPLHVZKRDSSHDUHGWRSXUVXH
KLPZLWKVXFKLQFRPSUHKHQVLEOHYHQJHDQFH%XWWRGLH")RU
WKHILUVWWLPHLQKLVOLIH'DQJODUVFRQWHPSODWHGGHDWKZLWK
DPL[WXUHRIGUHDGDQGGHVLUHWKHWLPHKDGFRPHZKHQWKH
LPSODFDEOHVSHFWUHZKLFKH[LVWVLQWKHPLQGRIHYHU\KXPDQ
FUHDWXUHDUUHVWHGKLVDWWHQWLRQDQGFDOOHGRXWZLWKHYHU\
SXOVDWLRQRIKLVKHDUW7KRXVKDOWGLH
'DQJODUVUHVHPEOHGDWLPLGDQLPDOH[FLWHGLQWKHFKDVH
ILUVWLWIOLHVWKHQGHVSDLUVDQGDWODVWE\WKHYHU\
IRUFHRIGHVSHUDWLRQVRPHWLPHVVXFFHHGVLQHOXGLQJLWV
SXUVXHUV'DQJODUVPHGLWDWHGDQHVFDSHEXWWKHZDOOVZHUH
VROLGURFNDPDQZDVVLWWLQJUHDGLQJDWWKHRQO\RXWOHWWR
WKHFHOODQGEHKLQGWKDWPDQVKDSHVDUPHGZLWKJXQV
FRQWLQXDOO\SDVVHG+LVUHVROXWLRQQRWWRVLJQODVWHGWZR
GD\VDIWHUZKLFKKHRIIHUHGDPLOOLRQIRUVRPHIRRG7KH\
VHQWKLPDPDJQLILFHQWVXSSHUDQGWRRNKLVPLOOLRQ
)URPWKLVWLPHWKHSULVRQHUUHVROYHGWRVXIIHUQRORQJHU
EXWWRKDYHHYHU\WKLQJKHZDQWHG$WWKHHQGRIWZHOYHGD\V
DIWHUKDYLQJPDGHDVSOHQGLGGLQQHUKHUHFNRQHGKLV
DFFRXQWVDQGIRXQGWKDWKHKDGRQO\IUDQFVOHIW
7KHQDVWUDQJHUHDFWLRQWRRNSODFHKHZKRKDGMXVW
DEDQGRQHGHQGHDYRUHGWRVDYHWKHIUDQFVKH
KDGOHIWDQGVRRQHUWKDQJLYHWKHPXSKHUHVROYHGWRHQWHU
DJDLQXSRQDOLIHRISULYDWLRQKHZDVGHOXGHGE\WKH
KRSHIXOQHVVWKDWLVDSUHPRQLWLRQRIPDGQHVV+HZKRIRUVR
ORQJDWLPHKDGIRUJRWWHQ*RGEHJDQWRWKLQNWKDWPLUDFOHV
ZHUHSRVVLEOHWKDWWKHDFFXUVHGFDYHUQPLJKWEH
GLVFRYHUHGE\WKHRIILFHUVRIWKH3DSDO6WDWHVZKRZRXOG
UHOHDVHKLPWKDWWKHQKHZRXOGKDYHUHPDLQLQJZKLFK
ZRXOGEHVXIILFLHQWWRVDYHKLPIURPVWDUYDWLRQDQGILQDOO\
KHSUD\HGWKDWWKLVVXPPLJKWEHSUHVHUYHGWRKLPDQGDVKH

1388

SUD\HGKHZHSW7KUHHGD\VSDVVHGWKXVGXULQJZKLFKKLV
SUD\HUVZHUHIUHTXHQWLIQRWKHDUWIHOW6RPHWLPHVKHZDV
GHOLULRXVDQGIDQFLHGKHVDZDQROGPDQVWUHWFKHGRQD
SDOOHWKHDOVRZDVG\LQJRIKXQJHU
2QWKHIRXUWKKHZDVQRORQJHUDPDQEXWDOLYLQJFRUSVH
+HKDGSLFNHGXSHYHU\FUXPEWKDWKDGEHHQOHIWIURPKLV
IRUPHUPHDOVDQGZDVEHJLQQLQJWRHDWWKHPDWWLQJZKLFK
FRYHUHGWKHIORRURIKLVFHOO7KHQKHHQWUHDWHG3HSSLQRDV
KHZRXOGDJXDUGLDQDQJHOWRJLYHKLPIRRGKHRIIHUHGKLP
IUDQFVIRUDPRXWKIXORIEUHDG%XW3HSSLQRGLGQRW
DQVZHU2QWKHILIWKGD\KHGUDJJHGKLPVHOIWRWKHGRRURI
WKHFHOO
$UH\RXQRWD&KULVWLDQ"KHVDLGIDOOLQJRQKLVNQHHV
'R\RXZLVKWRDVVDVVLQDWHDPDQZKRLQWKHH\HVRI
KHDYHQLVDEURWKHU"2KP\IRUPHUIULHQGVP\IRUPHU
IULHQGVKHPXUPXUHGDQGIHOOZLWKKLVIDFHWRWKHJURXQG
7KHQULVLQJLQGHVSDLUKHH[FODLPHG7KHFKLHIWKH
FKLHI
+HUH,DPVDLG9DPSDLQVWDQWO\DSSHDULQJZKDWGR\RX
ZDQW"
7DNHP\ODVWJROGPXWWHUHG'DQJODUVKROGLQJRXWKLV
SRFNHWERRNDQGOHWPHOLYHKHUH,DVNQRPRUHIRU
OLEHUW\,RQO\DVNWROLYH
7KHQ\RXVXIIHUDJUHDWGHDO"
2K\HV\HVFUXHOO\
6WLOOWKHUHKDYHEHHQPHQZKRVXIIHUHGPRUHWKDQ\RX
,GRQRWWKLQNVR
<HVWKRVHZKRKDYHGLHGRIKXQJHU
'DQJODUVWKRXJKWRIWKHROGPDQZKRPLQKLVKRXUVRI
GHOLULXPKHKDGVHHQJURDQLQJRQKLVEHG+HVWUXFNKLV
IRUHKHDGRQWKHJURXQGDQGJURDQHG<HVKHVDLGWKHUH
KDYHEHHQVRPHZKRKDYHVXIIHUHGPRUHWKDQ,KDYHEXWWKHQ
WKH\PXVWKDYHEHHQPDUW\UVDWOHDVW

1389

'R\RXUHSHQW"DVNHGDGHHSVROHPQYRLFHZKLFKFDXVHG
'DQJODUV
KDLUWRVWDQGRQHQG+LVIHHEOHH\HVHQGHDYRUHG
WRGLVWLQJXLVKREMHFWVDQGEHKLQGWKHEDQGLWKHVDZDPDQ
HQYHORSHGLQDFORDNKDOIORVWLQWKHVKDGRZRIDVWRQH
FROXPQ
2IZKDWPXVW,UHSHQW"VWDPPHUHG'DQJODUV
2IWKHHYLO\RXKDYHGRQHVDLGWKHYRLFH
2K\HVRK\HV,GRLQGHHGUHSHQW$QGKHVWUXFNKLV
EUHDVWZLWKKLVHPDFLDWHGILVW
7KHQ,IRUJLYH\RXVDLGWKHPDQGURSSLQJKLVFORDNDQG
DGYDQFLQJWRWKHOLJKW
7KH&RXQWRI0RQWH&ULVWRVDLG'DQJODUVPRUHSDOHIURP
WHUURUWKDQKHKDGEHHQMXVWEHIRUHIURPKXQJHUDQGPLVHU\
<RXDUHPLVWDNHQ,DPQRWWKH&RXQWRI0RQWH&ULVWR
7KHQZKRDUH\RX"
,DPKHZKRP\RXVROGDQGGLVKRQRUHG,DPKHZKRVH
EHWURWKHG\RXSURVWLWXWHG,DPKHXSRQZKRP\RXWUDPSOHG
WKDW\RXPLJKWUDLVH\RXUVHOIWRIRUWXQH,DPKHZKRVH
IDWKHU\RXFRQGHPQHGWRGLHRIKXQJHU,DPKHZKRP\RX
DOVRFRQGHPQHGWRVWDUYDWLRQDQGZKR\HWIRUJLYHV\RX
EHFDXVHKHKRSHVWREHIRUJLYHQ,DP(GPRQG'DQWHV
'DQJODUVXWWHUHGDFU\DQGIHOOSURVWUDWH5LVHVDLGWKH
FRXQW\RXUOLIHLVVDIHWKHVDPHJRRGIRUWXQHKDVQRW
KDSSHQHGWR\RXUDFFRPSOLFHVRQHLVPDGWKHRWKHUGHDG
.HHSWKHIUDQFV\RXKDYHOHIW,JLYHWKHPWR\RX
7KH\RXVWROHIURPWKHKRVSLWDOVKDVEHHQUHVWRUHG
WRWKHPE\DQXQNQRZQKDQG$QGQRZHDWDQGGULQN,ZLOO
HQWHUWDLQ\RXWRQLJKW9DPSDZKHQWKLVPDQLVVDWLVILHG
OHWKLPEHIUHH'DQJODUVUHPDLQHGSURVWUDWHZKLOHWKH
FRXQWZLWKGUHZZKHQKHUDLVHGKLVKHDGKHVDZGLVDSSHDULQJ
GRZQWKHSDVVDJHQRWKLQJEXWDVKDGRZEHIRUHZKLFKWKH
EDQGLWVERZHG$FFRUGLQJWRWKHFRXQW
VGLUHFWLRQV'DQJODUV
ZDVZDLWHGRQE\9DPSDZKREURXJKWKLPWKHEHVWZLQHDQG
IUXLWVRI,WDO\WKHQKDYLQJFRQGXFWHGKLPWRWKHURDGDQG
SRLQWHGWRWKHSRVWFKDLVHOHIWKLPOHDQLQJDJDLQVWDWUHH
+HUHPDLQHGWKHUHDOOQLJKWQRWNQRZLQJZKHUHKHZDV:KHQ

1390

GD\OLJKWGDZQHGKHVDZWKDWKHZDVQHDUDVWUHDPKHZDV
WKLUVW\DQGGUDJJHGKLPVHOIWRZDUGVLW$VKHVWRRSHGGRZQ
WRGULQNKHVDZWKDWKLVKDLUKDGEHFRPHHQWLUHO\ZKLWH

&KDSWHU
7KH)LIWKRI2FWREHU
,WZDVDERXWVL[R
FORFNLQWKHHYHQLQJDQRSDOFRORUHG
OLJKWWKURXJKZKLFKDQDXWXPQDOVXQVKHGLWVJROGHQUD\V
GHVFHQGHGRQWKHEOXHRFHDQ7KHKHDWRIWKHGD\KDG
JUDGXDOO\GHFUHDVHGDQGDOLJKWEUHH]HDURVHVHHPLQJOLNH
WKHUHVSLUDWLRQRIQDWXUHRQDZDNHQLQJIURPWKHEXUQLQJ
VLHVWDRIWKHVRXWK$GHOLFLRXV]HSK\USOD\HGDORQJWKH
FRDVWVRIWKH0HGLWHUUDQHDQDQGZDIWHGIURPVKRUHWRVKRUH
WKHVZHHWSHUIXPHRISODQWVPLQJOHGZLWKWKHIUHVKVPHOORI
WKHVHD
$OLJKW\DFKWFKDVWHDQGHOHJDQWLQLWVIRUPZDVJOLGLQJ
DPLGVWWKHILUVWGHZVRIQLJKWRYHUWKHLPPHQVHODNH
H[WHQGLQJIURP*LEUDOWDUWRWKH'DUGDQHOOHVDQGIURP7XQLV
WR9HQLFH7KHYHVVHOUHVHPEOHGDVZDQZLWKLWVZLQJVRSHQHG
WRZDUGVWKHZLQGJOLGLQJRQWKHZDWHU,WDGYDQFHGVZLIWO\
DQGJUDFHIXOO\OHDYLQJEHKLQGLWDJOLWWHULQJVWUHWFKRI
IRDP%\GHJUHHVWKHVXQGLVDSSHDUHGEHKLQGWKHZHVWHUQ
KRUL]RQEXWDVWKRXJKWRSURYHWKHWUXWKRIWKHIDQFLIXO
LGHDVLQKHDWKHQP\WKRORJ\LWVLQGLVFUHHWUD\VUHDSSHDUHG
RQWKHVXPPLWRIHYHU\ZDYHDVLIWKHJRGRIILUHKDGMXVW
VXQNXSRQWKHERVRPRI$PSKLWULWHZKRLQYDLQHQGHDYRUHGWR
KLGHKHUORYHUEHQHDWKKHUD]XUHPDQWOH7KH\DFKWPRYHG
UDSLGO\RQWKRXJKWKHUHGLGQRWDSSHDUWREHVXIILFLHQW
ZLQGWRUXIIOHWKHFXUOVRQWKHKHDGRID\RXQJJLUO
6WDQGLQJRQWKHSURZZDVDWDOOPDQRIDGDUNFRPSOH[LRQ
ZKRVDZZLWKGLODWLQJH\HVWKDWWKH\ZHUHDSSURDFKLQJDGDUN
PDVVRIODQGLQWKHVKDSHRIDFRQHZKLFKURVHIURPWKH
PLGVWRIWKHZDYHVOLNHWKHKDWRID&DWDODQ,VWKDW0RQWH
&ULVWR"DVNHGWKHWUDYHOOHUWRZKRVHRUGHUVWKH\DFKWZDV
IRUWKHWLPHVXEPLWWHGLQDPHODQFKRO\YRLFH
<HV\RXUH[FHOOHQF\VDLGWKHFDSWDLQZHKDYHUHDFKHG
LW
:HKDYHUHDFKHGLWUHSHDWHGWKHWUDYHOOHULQDQDFFHQWRI

1391

LQGHVFULEDEOHVDGQHVV7KHQKHDGGHGLQDORZWRQH<HV
WKDWLVWKHKDYHQ$QGWKHQKHDJDLQSOXQJHGLQWRDWUDLQ
RIWKRXJKWWKHFKDUDFWHURIZKLFKZDVEHWWHUUHYHDOHGE\D
VDGVPLOHWKDQLWZRXOGKDYHEHHQE\WHDUV$IHZPLQXWHV
DIWHUZDUGVDIODVKRIOLJKWZKLFKZDVH[WLQJXLVKHG
LQVWDQWO\ZDVVHHQRQWKHODQGDQGWKHVRXQGRIILUHDUPV
UHDFKHGWKH\DFKW
<RXUH[FHOOHQF\VDLGWKHFDSWDLQWKDWZDVWKHODQG
VLJQDOZLOO\RXDQVZHU\RXUVHOI"
:KDWVLJQDO"7KHFDSWDLQSRLQWHGWRZDUGVWKHLVODQGXS
WKHVLGHRIZKLFKDVFHQGHGDYROXPHRIVPRNHLQFUHDVLQJDV
LWURVH$K\HVKHVDLGDVLIDZDNLQJIURPDGUHDP
*LYHLWWRPH
7KHFDSWDLQJDYHKLPDORDGHGFDUELQHWKHWUDYHOOHUVORZO\
UDLVHGLWDQGILUHGLQWKHDLU7HQPLQXWHVDIWHUZDUGVWKH
VDLOVZHUHIXUOHGDQGWKH\FDVWDQFKRUDERXWDKXQGUHG
IDWKRPVIURPWKHOLWWOHKDUERU7KHJLJZDVDOUHDG\ORZHUHG
DQGLQLWZHUHIRXURDUVPHQDQGDFR[VZDLQ7KHWUDYHOOHU
GHVFHQGHGDQGLQVWHDGRIVLWWLQJGRZQDWWKHVWHUQRIWKH
ERDWZKLFKKDGEHHQGHFRUDWHGZLWKDEOXHFDUSHWIRUKLV
DFFRPPRGDWLRQVWRRGXSZLWKKLVDUPVFURVVHG7KHURZHUV
ZDLWHGWKHLURDUVKDOIOLIWHGRXWRIWKHZDWHUOLNHELUGV
GU\LQJWKHLUZLQJV
*LYHZD\VDLGWKHWUDYHOOHU7KHHLJKWRDUVIHOOLQWRWKH
VHDVLPXOWDQHRXVO\ZLWKRXWVSODVKLQJDGURSRIZDWHUDQG
WKHERDW\LHOGLQJWRWKHLPSXOVLRQJOLGHGIRUZDUG,QDQ
LQVWDQWWKH\IRXQGWKHPVHOYHVLQDOLWWOHKDUERUIRUPHGLQ
DQDWXUDOFUHHNWKHERDWJURXQGHGRQWKHILQHVDQG
:LOO\RXUH[FHOOHQF\EHVRJRRGDVWRPRXQWWKHVKRXOGHUV
RIWZRRIRXUPHQWKH\ZLOOFDUU\\RXDVKRUH"7KH\RXQJ
PDQDQVZHUHGWKLVLQYLWDWLRQZLWKDJHVWXUHRILQGLIIHUHQFH
DQGVWHSSHGRXWRIWKHERDWWKHVHDLPPHGLDWHO\URVHWRKLV
ZDLVW$K\RXUH[FHOOHQF\PXUPXUHGWKHSLORW\RX
VKRXOGQRWKDYHGRQHVRRXUPDVWHUZLOOVFROGXVIRULW
7KH\RXQJPDQFRQWLQXHGWRDGYDQFHIROORZLQJWKHVDLORUV
ZKRFKRVHDILUPIRRWLQJ7KLUW\VWULGHVEURXJKWWKHPWRGU\
ODQGWKH\RXQJPDQVWDPSHGRQWKHJURXQGWRVKDNHRIIWKH
ZHWDQGORRNHGDURXQGIRUVRPHRQHWRVKRZKLPKLVURDG
IRULWZDVTXLWHGDUN-XVWDVKHWXUQHGDKDQGUHVWHGRQ

1392

KLVVKRXOGHUDQGDYRLFHZKLFKPDGHKLPVKXGGHUH[FODLPHG
*RRGHYHQLQJ0D[LPLOLDQ\RXDUHSXQFWXDOWKDQN\RX
$KLVLW\RXFRXQW"VDLGWKH\RXQJPDQLQDQDOPRVW
MR\IXODFFHQWSUHVVLQJ0RQWH&ULVWR
VKDQGZLWKERWKKLV
RZQ
<HV\RXVHH,DPDVH[DFWDV\RXDUH%XW\RXDUH
GULSSLQJP\GHDUIHOORZ\RXPXVWFKDQJH\RXUFORWKHVDV
&DO\SVRVDLGWR7HOHPDFKXV&RPH,KDYHDKDELWDWLRQ
SUHSDUHGIRU\RXLQZKLFK\RXZLOOVRRQIRUJHWIDWLJXHDQG
FROG0RQWH&ULVWRSHUFHLYHGWKDWWKH\RXQJPDQKDGWXUQHG
DURXQGLQGHHG0RUUHOVDZZLWKVXUSULVHWKDWWKHPHQZKR
KDGEURXJKWKLPKDGOHIWZLWKRXWEHLQJSDLGRUXWWHULQJD
ZRUG$OUHDG\WKHVRXQGRIWKHLURDUVPLJKWEHKHDUGDVWKH\
UHWXUQHGWRWKH\DFKW
2K\HVVDLGWKHFRXQW\RXDUHORRNLQJIRUWKH
VDLORUV
<HV,SDLGWKHPQRWKLQJDQG\HWWKH\DUHJRQH
1HYHUPLQGWKDW0D[LPLOLDQVDLG0RQWH&ULVWRVPLOLQJ
,KDYHPDGHDQDJUHHPHQWZLWKWKHQDY\WKDWWKHDFFHVVWR
P\LVODQGVKDOOEHIUHHRIDOOFKDUJH,KDYHPDGHD
EDUJDLQ0RUUHOORRNHGDWWKHFRXQWZLWKVXUSULVH&RXQW
KHVDLG\RXDUHQRWWKHVDPHKHUHDVLQ3DULV
+RZVR"
+HUH\RXODXJK7KHFRXQW
VEURZEHFDPHFORXGHG<RXDUH
ULJKWWRUHFDOOPHWRP\VHOI0D[LPLOLDQKHVDLG,ZDV
GHOLJKWHGWRVHH\RXDJDLQDQGIRUJRWIRUWKHPRPHQWWKDW
DOOKDSSLQHVVLVIOHHWLQJ
2KQRQRFRXQWFULHG0D[LPLOLDQVHL]LQJWKHFRXQW
V
KDQGVSUD\ODXJKEHKDSS\DQGSURYHWRPHE\\RXU
LQGLIIHUHQFHWKDWOLIHLVHQGXUDEOHWRVXIIHUHUV2KKRZ
FKDULWDEOHNLQGDQGJRRG\RXDUH\RXDIIHFWWKLVJD\HW\
WRLQVSLUHPHZLWKFRXUDJH
<RXDUHZURQJ0RUUHO,ZDVUHDOO\KDSS\
7KHQ\RXIRUJHWPHVRPXFKWKHEHWWHU

1393

+RZVR"
<HVIRUDVWKHJODGLDWRUVDLGWRWKHHPSHURUZKHQKH
HQWHUHGWKHDUHQDC+HZKRLVDERXWWRGLHVDOXWHV\RX

7KHQ\RXDUHQRWFRQVROHG"DVNHGWKHFRXQWVXUSULVHG
2KH[FODLPHG0RUUHOZLWKDJODQFHIXOORIELWWHU
UHSURDFKGR\RXWKLQNLWSRVVLEOHWKDW,FRXOGEH"
/LVWHQVDLGWKHFRXQW'R\RXXQGHUVWDQGWKHPHDQLQJRI
P\ZRUGV"<RXFDQQRWWDNHPHIRUDFRPPRQSODFHPDQDPHUH
UDWWOHHPLWWLQJDYDJXHDQGVHQVHOHVVQRLVH:KHQ,DVN\RX
LI\RXDUHFRQVROHG,VSHDNWR\RXDVDPDQIRUZKRPWKH
KXPDQKHDUWKDVQRVHFUHWV:HOO0RUUHOOHWXVERWK
H[DPLQHWKHGHSWKVRI\RXUKHDUW'R\RXVWLOOIHHOWKHVDPH
IHYHULVKLPSDWLHQFHRIJULHIZKLFKPDGH\RXVWDUWOLNHD
ZRXQGHGOLRQ"+DYH\RXVWLOOWKDWGHYRXULQJWKLUVWZKLFKFDQ
RQO\EHDSSHDVHGLQWKHJUDYH"$UH\RXVWLOODFWXDWHGE\WKH
UHJUHWZKLFKGUDJVWKHOLYLQJWRWKHSXUVXLWRIGHDWKRU
DUH\RXRQO\VXIIHULQJIURPWKHSURVWUDWLRQRIIDWLJXHDQG
WKHZHDULQHVVRIKRSHGHIHUUHG"+DVWKHORVVRIPHPRU\
UHQGHUHGLWLPSRVVLEOHIRU\RXWRZHHS"2KP\GHDUIULHQG
LIWKLVEHWKHFDVHLI\RXFDQQRORQJHUZHHSLI\RXU
IUR]HQKHDUWEHGHDGLI\RXSXWDOO\RXUWUXVWLQ*RG
WKHQ0D[LPLOLDQ\RXDUHFRQVROHGGRQRWFRPSODLQ
&RXQWVDLG0RUUHOLQDILUPDQGDWWKHVDPHWLPHVRIW
YRLFHOLVWHQWRPHDVWRDPDQZKRVHWKRXJKWVDUHUDLVHG
WRKHDYHQWKRXJKKHUHPDLQVRQHDUWK,FRPHWRGLHLQWKH
DUPVRIDIULHQG&HUWDLQO\WKHUHDUHSHRSOHZKRP,ORYH,
ORYHP\VLVWHU-XOLH,ORYHKHUKXVEDQG(PPDQXHOEXW,
UHTXLUHDVWURQJPLQGWRVPLOHRQP\ODVWPRPHQWV0\VLVWHU
ZRXOGEHEDWKHGLQWHDUVDQGIDLQWLQJ,FRXOGQRWEHDUWR
VHHKHUVXIIHU(PPDQXHOZRXOGWHDUWKHZHDSRQIURPP\KDQG
DQGDODUPWKHKRXVHZLWKKLVFULHV<RXFRXQWZKRDUHPRUH
WKDQPRUWDOZLOO,DPVXUHOHDGPHWRGHDWKE\DSOHDVDQW
SDWKZLOO\RXQRW"
0\IULHQGVDLGWKHFRXQW,KDYHVWLOORQHGRXEWDUH
\RXZHDNHQRXJKWRSULGH\RXUVHOIXSRQ\RXUVXIIHULQJV"
1RLQGHHG,DPFDOPVDLG0RUUHOJLYLQJKLVKDQGWR

1394

WKHFRXQWP\SXOVHGRHVQRWEHDWVORZHURUIDVWHUWKDQ
XVXDO1R,IHHOWKDW,KDYHUHDFKHGWKHJRDODQG,ZLOO
JRQRIDUWKHU<RXWROGPHWRZDLWDQGKRSHGR\RXNQRZ
ZKDW\RXGLGXQIRUWXQDWHDGYLVHU",ZDLWHGDPRQWKRU
UDWKHU,VXIIHUHGIRUDPRQWK,GLGKRSH PDQLVDSRRU
ZUHWFKHGFUHDWXUH ,GLGKRSH:KDW,FDQQRWWHOO
VRPHWKLQJZRQGHUIXODQDEVXUGLW\DPLUDFOHRIZKDW
QDWXUHKHDORQHFDQWHOOZKRKDVPLQJOHGZLWKRXUUHDVRQ
WKDWIROO\ZHFDOOKRSH<HV,GLGZDLW\HV,GLGKRSH
FRXQWDQGGXULQJWKLVTXDUWHURIDQKRXUZHKDYHEHHQ
WDONLQJWRJHWKHU\RXKDYHXQFRQVFLRXVO\ZRXQGHGWRUWXUHG
P\KHDUWIRUHYHU\ZRUG\RXKDYHXWWHUHGSURYHGWKDWWKHUH
ZDVQRKRSHIRUPH2KFRXQW,VKDOOVOHHSFDOPO\
GHOLFLRXVO\LQWKHDUPVRIGHDWK0RUUHOXWWHUHGWKHVH
ZRUGVZLWKDQHQHUJ\ZKLFKPDGHWKHFRXQWVKXGGHU0\
IULHQGFRQWLQXHG0RUUHO\RXQDPHGWKHILIWKRI2FWREHU
DVWKHHQGRIWKHSHULRGRIZDLWLQJWRGD\LVWKHILIWK
RI2FWREHUKHWRRNRXWKLVZDWFKLWLVQRZQLQHR
FORFN
,KDYH\HWWKUHHKRXUVWROLYH
%HLWVRVDLGWKHFRXQWFRPH0RUUHOPHFKDQLFDOO\
IROORZHGWKHFRXQWDQGWKH\KDGHQWHUHGWKHJURWWREHIRUH
KHSHUFHLYHGLW+HIHOWDFDUSHWXQGHUKLVIHHWDGRRU
RSHQHGSHUIXPHVVXUURXQGHGKLPDQGDEULOOLDQWOLJKW
GD]]OHGKLVH\HV0RUUHOKHVLWDWHGWRDGYDQFHKHGUHDGHG
WKHHQHUYDWLQJHIIHFWRIDOOWKDWKHVDZ0RQWH&ULVWRGUHZ
KLPLQJHQWO\:K\VKRXOGZHQRWVSHQGWKHODVWWKUHHKRXUV
UHPDLQLQJWRXVRIOLIHOLNHWKRVHDQFLHQW5RPDQVZKRZKHQ
FRQGHPQHGE\1HURWKHLUHPSHURUDQGKHLUVDWGRZQDWD
WDEOHFRYHUHGZLWKIORZHUVDQGJHQWO\JOLGHGLQWRGHDWK
DPLGWKHSHUIXPHRIKHOLRWURSHVDQGURVHV"0RUUHOVPLOHG
$V\RXSOHDVHKHVDLGGHDWKLVDOZD\VGHDWKWKDWLV
IRUJHWIXOQHVVUHSRVHH[FOXVLRQIURPOLIHDQGWKHUHIRUH
IURPJULHI+HVDWGRZQDQG0RQWH&ULVWRSODFHGKLPVHOI
RSSRVLWHWRKLP7KH\ZHUHLQWKHPDUYHOORXVGLQLQJURRP
EHIRUHGHVFULEHGZKHUHWKHVWDWXHVKDGEDVNHWVRQWKHLU
KHDGVDOZD\VILOOHGZLWKIUXLWVDQGIORZHUV0RUUHOKDG
ORRNHGFDUHOHVVO\DURXQGDQGKDGSUREDEO\QRWLFHGQRWKLQJ
/HWXVWDONOLNHPHQKHVDLGORRNLQJDWWKHFRXQW
*RRQ
&RXQWVDLG0RUUHO\RXDUHWKHHSLWRPHRIDOOKXPDQ

1395

NQRZOHGJHDQG\RXVHHPOLNHDEHLQJGHVFHQGHGIURPDZLVHU
DQGPRUHDGYDQFHGZRUOGWKDQRXUV
7KHUHLVVRPHWKLQJWUXHLQZKDW\RXVD\VDLGWKHFRXQW
ZLWKWKDWVPLOHZKLFKPDGHKLPVRKDQGVRPH,KDYH
GHVFHQGHGIURPDSODQHWFDOOHGJULHI
,EHOLHYHDOO\RXWHOOPHZLWKRXWTXHVWLRQLQJLWVPHDQLQJ
IRULQVWDQFH\RXWROGPHWROLYHDQG,GLGOLYH\RXWROG
PHWRKRSHDQG,DOPRVWGLGVR,DPDOPRVWLQFOLQHGWRDVN
\RXDVWKRXJK\RXKDGH[SHULHQFHGGHDWKCLVLWSDLQIXOWR
GLH"

0RQWH&ULVWRORRNHGXSRQ0RUUHOZLWKLQGHVFULEDEOH
WHQGHUQHVV<HVKHVDLG\HVGRXEWOHVVLWLVSDLQIXO
LI\RXYLROHQWO\EUHDNWKHRXWHUFRYHULQJZKLFKREVWLQDWHO\
EHJVIRUOLIH,I\RXSOXQJHDGDJJHULQWR\RXUIOHVKLI
\RXLQVLQXDWHDEXOOHWLQWR\RXUEUDLQZKLFKWKHOHDVW
VKRFNGLVRUGHUVWKHQFHUWDLQO\\RXZLOOVXIIHUSDLQ
DQG\RXZLOOUHSHQWTXLWWLQJDOLIHIRUDUHSRVH\RXKDYH
ERXJKWDWVRGHDUDSULFH
<HV,NQRZWKDWWKHUHLVDVHFUHWRIOX[XU\DQGSDLQLQ
GHDWKDVZHOODVLQOLIHWKHRQO\WKLQJLVWRXQGHUVWDQG
LW
<RXKDYHVSRNHQWUXO\0D[LPLOLDQDFFRUGLQJWRWKHFDUHZH
EHVWRZXSRQLWGHDWKLVHLWKHUDIULHQGZKRURFNVXVJHQWO\
DVDQXUVHRUDQHQHP\ZKRYLROHQWO\GUDJVWKHVRXOIURP
WKHERG\6RPHGD\ZKHQWKHZRUOGLVPXFKROGHUDQGZKHQ
PDQNLQGZLOOEHPDVWHUVRIDOOWKHGHVWUXFWLYHSRZHUVLQ
QDWXUHWRVHUYHIRUWKHJHQHUDOJRRGRIKXPDQLW\ZKHQ
PDQNLQGDV\RXZHUHMXVWVD\LQJKDYHGLVFRYHUHGWKH
VHFUHWVRIGHDWKWKHQWKDWGHDWKZLOOEHFRPHDVVZHHWDQG
YROXSWXRXVDVDVOXPEHULQWKHDUPVRI\RXUEHORYHG
$QGLI\RXZLVKHGWRGLH\RXZRXOGFKRRVHWKLVGHDWK
FRXQW"
<HV
0RUUHOH[WHQGHGKLVKDQG1RZ,XQGHUVWDQGKHVDLGZK\
\RXKDGPHEURXJKWKHUHWRWKLVGHVRODWHVSRWLQWKHPLGVW
RIWKHRFHDQWRWKLVVXEWHUUDQHDQSDODFHLWZDVEHFDXVH

1396

\RXORYHGPHZDVLWQRWFRXQW",WZDVEHFDXVH\RXORYHGPH
ZHOOHQRXJKWRJLYHPHRQHRIWKRVHVZHHWPHDQVRIGHDWKRI
ZKLFKZHZHUHVSHDNLQJDGHDWKZLWKRXWDJRQ\DGHDWKZKLFK
DOORZVPHWRIDGHDZD\ZKLOHSURQRXQFLQJ9DOHQWLQH
VQDPH
DQGSUHVVLQJ\RXUKDQG
<HV\RXKDYHJXHVVHGULJKWO\0RUUHOVDLGWKHFRXQW
WKDWLVZKDW,LQWHQGHG
7KDQNVWKHLGHDWKDWWRPRUURZ,VKDOOQRORQJHUVXIIHULV
VZHHWWRP\KHDUW
'R\RXWKHQUHJUHWQRWKLQJ"
1RUHSOLHG0RUUHO
1RWHYHQPH"DVNHGWKHFRXQWZLWKGHHSHPRWLRQ0RUUHO
V
FOHDUH\HZDVIRUWKHPRPHQWFORXGHGWKHQLWVKRQHZLWK
XQXVXDOOXVWUHDQGDODUJHWHDUUROOHGGRZQKLVFKHHN
:KDWVDLGWKHFRXQWGR\RXVWLOOUHJUHWDQ\WKLQJLQWKH
ZRUOGDQG\HWGLH"
2K,HQWUHDW\RXH[FODLPHG0RUUHOLQDORZYRLFHGR
QRWVSHDNDQRWKHUZRUGFRXQWGRQRWSURORQJP\
SXQLVKPHQW7KHFRXQWIDQFLHGWKDWKHZDV\LHOGLQJDQG
WKLVEHOLHIUHYLYHGWKHKRUULEOHGRXEWWKDWKDGRYHUZKHOPHG
KLPDWWKH&KDWHDXG
,I,DPHQGHDYRULQJKHWKRXJKWWR
PDNHWKLVPDQKDSS\,ORRNXSRQWKLVUHVWLWXWLRQDVD
ZHLJKWWKURZQLQWRWKHVFDOHWREDODQFHWKHHYLO,KDYH
ZURXJKW1RZVXSSRVLQJ,DPGHFHLYHGVXSSRVLQJWKLVPDQ
KDVQRWEHHQXQKDSS\HQRXJKWRPHULWKDSSLQHVV$ODVZKDW
ZRXOGEHFRPHRIPHZKRFDQRQO\DWRQHIRUHYLOE\GRLQJ
JRRG"7KHQKHVDLGDORXG/LVWHQ0RUUHO,VHH\RXUJULHI
LVJUHDWEXWVWLOO\RXGRQRWOLNHWRULVN\RXUVRXO
0RUUHOVPLOHGVDGO\&RXQWKHVDLG,VZHDUWR\RXP\
VRXOLVQRORQJHUP\RZQ
0D[LPLOLDQ\RXNQRZ,KDYHQRUHODWLRQLQWKHZRUOG,
KDYHDFFXVWRPHGP\VHOIWRUHJDUG\RXDVP\VRQZHOOWKHQ
WRVDYHP\VRQ,ZLOOVDFULILFHP\OLIHQD\HYHQP\
IRUWXQH
:KDWGR\RXPHDQ"

1397

,PHDQWKDW\RXZLVKWRTXLWOLIHEHFDXVH\RXGRQRW
XQGHUVWDQGDOOWKHHQMR\PHQWVZKLFKDUHWKHIUXLWVRID
ODUJHIRUWXQH0RUUHO,SRVVHVVQHDUO\DKXQGUHGPLOOLRQV
DQG,JLYHWKHPWR\RXZLWKVXFKDIRUWXQH\RXFDQDWWDLQ
HYHU\ZLVK$UH\RXDPELWLRQV"(YHU\FDUHHULVRSHQWR\RX
2YHUWXUQWKHZRUOGFKDQJHLWVFKDUDFWHU\LHOGWRPDG
LGHDVEHHYHQFULPLQDOEXWOLYH
&RXQW,KDYH\RXUZRUGVDLG0RUUHOFROGO\WKHQWDNLQJ
RXWKLVZDWFKKHDGGHG,WLVKDOISDVWHOHYHQ
0RUUHOFDQ\RXLQWHQGLWLQP\KRXVHXQGHUP\YHU\H\HV"
7KHQOHWPHJRVDLG0D[LPLOLDQRU,VKDOOWKLQN\RXGLG
QRWORYHPHIRUP\RZQVDNHEXWIRU\RXUVDQGKHDURVH
,WLVZHOOVDLG0RQWH&ULVWRZKRVHFRXQWHQDQFHEULJKWHQHG
DWWKHVHZRUGV\RXZLVK\RXDUHLQIOH[LEOH<HVDV\RX
VDLG\RXDUHLQGHHGZUHWFKHGDQGDPLUDFOHDORQHFDQFXUH
\RX6LWGRZQ0RUUHODQGZDLW
0RUUHOREH\HGWKHFRXQWDURVHDQGXQORFNLQJDFORVHWZLWK
DNH\VXVSHQGHGIURPKLVJROGFKDLQWRRNIURPLWDOLWWOH
VLOYHUFDVNHWEHDXWLIXOO\FDUYHGDQGFKDVHGWKHFRUQHUVRI
ZKLFKUHSUHVHQWHGIRXUEHQGLQJILJXUHVVLPLODUWRWKH
&DU\DWLGHVWKHIRUPVRIZRPHQV\PEROVRIWKHDQJHOV
DVSLULQJWRKHDYHQ+HSODFHGWKHFDVNHWRQWKHWDEOHWKHQ
RSHQLQJLWWRRNRXWDOLWWOHJROGHQER[WKHWRSRIZKLFK
IOHZRSHQZKHQWRXFKHGE\DVHFUHWVSULQJ7KLVER[
FRQWDLQHGDQXQFWXRXVVXEVWDQFHSDUWO\VROLGRIZKLFKLW
ZDVLPSRVVLEOHWRGLVFRYHUWKHFRORURZLQJWRWKH
UHIOHFWLRQRIWKHSROLVKHGJROGVDSSKLUHVUXELHV
HPHUDOGVZKLFKRUQDPHQWHGWKHER[,WZDVDPL[HGPDVVRI
EOXHUHGDQGJROG7KHFRXQWWRRNRXWDVPDOOTXDQWLW\RI
WKLVZLWKDJLOWVSRRQDQGRIIHUHGLWWR0RUUHOIL[LQJD
ORQJVWHDGIDVWJODQFHXSRQKLP,WZDVWKHQREVHUYDEOHWKDW
WKHVXEVWDQFHZDVJUHHQLVK
7KLVLVZKDW\RXDVNHGIRUKHVDLGDQGZKDW,SURPLVHG
WRJLYH\RX
,WKDQN\RXIURPWKHGHSWKVRIP\KHDUWVDLGWKH\RXQJ
PDQWDNLQJWKHVSRRQIURPWKHKDQGVRI0RQWH&ULVWR7KH

1398

FRXQWWRRNDQRWKHUVSRRQDQGDJDLQGLSSHGLWLQWRWKH
JROGHQER[:KDWDUH\RXJRLQJWRGRP\IULHQG"DVNHG
0RUUHODUUHVWLQJKLVKDQG
:HOOWKHIDFWLV0RUUHO,ZDVWKLQNLQJWKDW,WRRDP
ZHDU\RIOLIHDQGVLQFHDQRSSRUWXQLW\SUHVHQWVLWVHOI
6WD\VDLGWKH\RXQJPDQ<RXZKRORYHDQGDUHEHORYHG
\RXZKRKDYHIDLWKDQGKRSHRKGRQRWIROORZP\
H[DPSOH,Q\RXUFDVHLWZRXOGEHDFULPH$GLHXP\QREOH
DQGJHQHURXVIULHQGDGLHX,ZLOOJRDQGWHOO9DOHQWLQH
ZKDW\RXKDYHGRQHIRUPH$QGVORZO\WKRXJKZLWKRXWDQ\
KHVLWDWLRQRQO\ZDLWLQJWRSUHVVWKHFRXQW
VKDQG
IHUYHQWO\KHVZDOORZHGWKHP\VWHULRXVVXEVWDQFHRIIHUHGE\
0RQWH&ULVWR7KHQWKH\ZHUHERWKVLOHQW$OLPXWHDQG
DWWHQWLYHEURXJKWWKHSLSHVDQGFRIIHHDQGGLVDSSHDUHG%\
GHJUHHVWKHOLJKWRIWKHODPSVJUDGXDOO\IDGHGLQWKHKDQGV
RIWKHPDUEOHVWDWXHVZKLFKKHOGWKHPDQGWKHSHUIXPHV
DSSHDUHGOHVVSRZHUIXOWR0RUUHO6HDWHGRSSRVLWHWRKLP
0RQWH&ULVWRZDWFKHGKLPLQWKHVKDGRZDQG0RUUHOVDZ
QRWKLQJEXWWKHEULJKWH\HVRIWKHFRXQW$QRYHUSRZHULQJ
VDGQHVVWRRNSRVVHVVLRQRIWKH\RXQJPDQKLVKDQGVUHOD[HG
WKHLUKROGWKHREMHFWVLQWKHURRPJUDGXDOO\ORVWWKHLU
IRUPDQGFRORUDQGKLVGLVWXUEHGYLVLRQVHHPHGWRSHUFHLYH
GRRUVDQGFXUWDLQVRSHQLQWKHZDOOV
)ULHQGKHFULHG,IHHOWKDW,DPG\LQJWKDQNV+H
PDGHDODVWHIIRUWWRH[WHQGKLVKDQGEXWLWIHOOSRZHUOHVV
EHVLGHKLP7KHQLWDSSHDUHGWRKLPWKDW0RQWH&ULVWR
VPLOHGQRWZLWKWKHVWUDQJHDQGIHDUIXOH[SUHVVLRQZKLFK
KDGVRPHWLPHVUHYHDOHGWRKLPWKHVHFUHWVRIKLVKHDUWEXW
ZLWKWKHEHQHYROHQWNLQGQHVVRIDIDWKHUIRUDFKLOG$WWKH
VDPHWLPHWKHFRXQWDSSHDUHGWRLQFUHDVHLQVWDWXUHKLV
IRUPQHDUO\GRXEOHLWVXVXDOKHLJKWVWRRGRXWLQUHOLHI
DJDLQVWWKHUHGWDSHVWU\KLVEODFNKDLUZDVWKURZQEDFN
DQGKHVWRRGLQWKHDWWLWXGHRIDQDYHQJLQJDQJHO0RUUHO
RYHUSRZHUHGWXUQHGDURXQGLQWKHDUPFKDLUDGHOLFLRXV
WRUSRUSHUPHDWHGHYHU\YHLQ$FKDQJHRILGHDVSUHVHQWHG
WKHPVHOYHVWRKLVEUDLQOLNHDQHZGHVLJQRQWKH
NDOHLGRVFRSH(QHUYDWHGSURVWUDWHDQGEUHDWKOHVVKH
EHFDPHXQFRQVFLRXVRIRXWZDUGREMHFWVKHVHHPHGWREH
HQWHULQJWKDWYDJXHGHOLULXPSUHFHGLQJGHDWK+HZLVKHGRQFH
DJDLQWRSUHVVWKHFRXQW
VKDQGEXWKLVRZQZDVLPPRYDEOH
+HZLVKHGWRDUWLFXODWHDODVWIDUHZHOOEXWKLVWRQJXHOD\

1399

PRWLRQOHVVDQGKHDY\LQKLVWKURDWOLNHDVWRQHDWWKH
PRXWKRIDVHSXOFKUH,QYROXQWDULO\KLVODQJXLGH\HVFORVHG
DQGVWLOOWKURXJKKLVH\HODVKHVDZHOONQRZQIRUPVHHPHGWR
PRYHDPLGWKHREVFXULW\ZLWKZKLFKKHWKRXJKWKLPVHOI
HQYHORSHG
7KHFRXQWKDGMXVWRSHQHGDGRRU,PPHGLDWHO\DEULOOLDQW
OLJKWIURPWKHQH[WURRPRUUDWKHUIURPWKHSDODFH
DGMRLQLQJVKRQHXSRQWKHURRPLQZKLFKKHZDVJHQWO\
JOLGLQJLQWRKLVODVWVOHHS7KHQKHVDZDZRPDQRI
PDUYHOORXVEHDXW\DSSHDURQWKHWKUHVKROGRIWKHGRRU
VHSDUDWLQJWKHWZRURRPV3DOHDQGVZHHWO\VPLOLQJVKH
ORRNHGOLNHDQDQJHORIPHUF\FRQMXULQJWKHDQJHORI
YHQJHDQFH,VLWKHDYHQWKDWRSHQVEHIRUHPH"WKRXJKWWKH
G\LQJPDQWKDWDQJHOUHVHPEOHVWKHRQH,KDYHORVW0RQWH
&ULVWRSRLQWHGRXW0RUUHOWRWKH\RXQJZRPDQZKRDGYDQFHG
WRZDUGVKLPZLWKFODVSHGKDQGVDQGDVPLOHXSRQKHUOLSV
9DOHQWLQH9DOHQWLQHKHPHQWDOO\HMDFXODWHGEXWKLVOLSV
XWWHUHGQRVRXQGDQGDVWKRXJKDOOKLVVWUHQJWKZHUH
FHQWUHGLQWKDWLQWHUQDOHPRWLRQKHVLJKHGDQGFORVHGKLV
H\HV9DOHQWLQHUXVKHGWRZDUGVKLPKLVOLSVDJDLQPRYHG
+HLVFDOOLQJ\RXVDLGWKHFRXQWKHWRZKRP\RXKDYH
FRQILGHG\RXUGHVWLQ\KHIURPZKRPGHDWKZRXOGKDYH
VHSDUDWHG\RXFDOOV\RXWRKLP+DSSLO\,YDQTXLVKHG
GHDWK+HQFHIRUWK9DOHQWLQH\RXZLOOQHYHUDJDLQEH
VHSDUDWHGRQHDUWKVLQFHKHKDVUXVKHGLQWRGHDWKWRILQG
\RX:LWKRXWPH\RXZRXOGERWKKDYHGLHG0D\*RGDFFHSWP\
DWRQHPHQWLQWKHSUHVHUYDWLRQRIWKHVHWZRH[LVWHQFHV
9DOHQWLQHVHL]HGWKHFRXQW
VKDQGDQGLQKHULUUHVLVWLEOH
LPSXOVHRIMR\FDUULHGLWWRKHUOLSV
2KWKDQNPHDJDLQVDLGWKHFRXQWWHOOPHWLOO\RXDUH
ZHDU\WKDW,KDYHUHVWRUHG\RXWRKDSSLQHVV\RXGRQRW
NQRZKRZPXFK,UHTXLUHWKLVDVVXUDQFH
2K\HV\HV,WKDQN\RXZLWKDOOP\KHDUWVDLG
9DOHQWLQHDQGLI\RXGRXEWWKHVLQFHULW\RIP\JUDWLWXGH
RKWKHQDVN+DLGHHDVNP\EHORYHGVLVWHU+DLGHHZKRHYHU
VLQFHRXUGHSDUWXUHIURP)UDQFHKDVFDXVHGPHWRZDLW
SDWLHQWO\IRUWKLVKDSS\GD\ZKLOHWDONLQJWRPHRI\RX

1400

<RXWKHQORYH+DLGHH"DVNHG0RQWH&ULVWRZLWKDQHPRWLRQ
KHLQYDLQHQGHDYRUHGWRGLVVLPXODWH
2K\HVZLWKDOOP\VRXO
:HOOWKHQOLVWHQ9DOHQWLQHVDLGWKHFRXQW,KDYHD
IDYRUWRDVNRI\RX
2IPH"2KDP,KDSS\HQRXJKIRUWKDW"
<HV\RXKDYHFDOOHG+DLGHH\RXUVLVWHUOHWKHUEHFRPH
VRLQGHHG9DOHQWLQHUHQGHUKHUDOOWKHJUDWLWXGH\RXIDQF\
WKDW\RXRZHWRPHSURWHFWKHUIRU WKHFRXQW
VYRLFHZDV
WKLFNZLWKHPRWLRQ KHQFHIRUWKVKHZLOOEHDORQHLQWKH
ZRUOG
$ORQHLQWKHZRUOGUHSHDWHGDYRLFHEHKLQGWKHFRXQW
DQGZK\"
0RQWH&ULVWRWXUQHGDURXQG+DLGHHZDVVWDQGLQJSDOH
PRWLRQOHVVORRNLQJDWWKHFRXQWZLWKDQH[SUHVVLRQRI
IHDUIXODPD]HPHQW
%HFDXVHWRPRUURZ+DLGHH\RXZLOOEHIUHH\RXZLOOWKHQ
DVVXPH\RXUSURSHUSRVLWLRQLQVRFLHW\IRU,ZLOOQRWDOORZ
P\GHVWLQ\WRRYHUVKDGRZ\RXUV'DXJKWHURIDSULQFH,
UHVWRUHWR\RXWKHULFKHVDQGQDPHRI\RXUIDWKHU
+DLGHHEHFDPHSDOHDQGOLIWLQJKHUWUDQVSDUHQWKDQGVWR
KHDYHQH[FODLPHGLQDYRLFHVWLIOHGZLWKWHDUV7KHQ\RX
OHDYHPHP\ORUG"
+DLGHH+DLGHH\RXDUH\RXQJDQGEHDXWLIXOIRUJHWHYHQP\
QDPHDQGEHKDSS\
,WLVZHOOVDLG+DLGHH\RXURUGHUVKDOOEHH[HFXWHGP\
ORUG,ZLOOIRUJHWHYHQ\RXUQDPHDQGEHKDSS\$QGVKH
VWHSSHGEDFNWRUHWLUH
2KKHDYHQVH[FODLPHG9DOHQWLQHZKRZDVVXSSRUWLQJWKH
KHDGRI0RUUHORQKHUVKRXOGHUGR\RXQRWVHHKRZSDOHVKH
LV"'R\RXQRWVHHKRZVKHVXIIHUV"
+DLGHHDQVZHUHGZLWKDKHDUWUHQGLQJH[SUHVVLRQ:K\VKRXOG

1401

KHXQGHUVWDQGWKLVP\VLVWHU"+HLVP\PDVWHUDQG,DPKLV
VODYHKHKDVWKHULJKWWRQRWLFHQRWKLQJ
7KHFRXQWVKXGGHUHGDWWKHWRQHVRIDYRLFHZKLFKSHQHWUDWHG
WKHLQPRVWUHFHVVHVRIKLVKHDUWKLVH\HVPHWWKRVHRIWKH
\RXQJJLUODQGKHFRXOGQRWEHDUWKHLUEULOOLDQF\2K
KHDYHQVH[FODLPHG0RQWH&ULVWRFDQP\VXVSLFLRQVEH
FRUUHFW"+DLGHHZRXOGLWSOHDVH\RXQRWWROHDYHPH"
,DP\RXQJJHQWO\UHSOLHG+DLGHH,ORYHWKHOLIH\RX
KDYHPDGHVRVZHHWWRPHDQG,VKRXOGEHVRUU\WRGLH
<RXPHDQWKHQWKDWLI,OHDYH\RX+DLGHH
,VKRXOGGLH\HVP\ORUG
'R\RXWKHQORYHPH"
2K9DOHQWLQHKHDVNVLI,ORYHKLP9DOHQWLQHWHOOKLP
LI\RXORYH0D[LPLOLDQ7KHFRXQWIHOWKLVKHDUWGLODWHDQG
WKUREKHRSHQHGKLVDUPVDQG+DLGHHXWWHULQJDFU\
VSUDQJLQWRWKHP2K\HVVKHFULHG,GRORYH\RX,
ORYH\RXDVRQHORYHVDIDWKHUEURWKHUKXVEDQG,ORYH\RX
DVP\OLIHIRU\RXDUHWKHEHVWWKHQREOHVWRIFUHDWHG
EHLQJV
/HWLWEHWKHQDV\RXZLVKVZHHWDQJHO*RGKDV
VXVWDLQHGPHLQP\VWUXJJOHZLWKP\HQHPLHVDQGKDVJLYHQ
PHWKLVUHZDUGKHZLOOQRWOHWPHHQGP\WULXPSKLQ
VXIIHULQJ,ZLVKHGWRSXQLVKP\VHOIEXWKHKDVSDUGRQHG
PH/RYHPHWKHQ+DLGHH:KRNQRZV"SHUKDSV\RXUORYHZLOO
PDNHPHIRUJHWDOOWKDW,GRQRWZLVKWRUHPHPEHU
:KDWGR\RXPHDQP\ORUG"
,PHDQWKDWRQHZRUGIURP\RXKDVHQOLJKWHQHGPHPRUHWKDQ
WZHQW\\HDUVRIVORZH[SHULHQFH,KDYHEXW\RXLQWKH
ZRUOG+DLGHHWKURXJK\RX,DJDLQWDNHKROGRQOLIH
WKURXJK\RX,VKDOOVXIIHUWKURXJK\RXUHMRLFH
'R\RXKHDUKLP9DOHQWLQH"H[FODLPHG+DLGHHKHVD\V
WKDWWKURXJKPHKHZLOOVXIIHUWKURXJKPHZKRZRXOG
\LHOGP\OLIHIRUKLV7KHFRXQWZLWKGUHZIRUDPRPHQW
+DYH,GLVFRYHUHGWKHWUXWK"KHVDLGEXWZKHWKHULWEH

1402

IRUUHFRPSHQVHRUSXQLVKPHQW,DFFHSWP\IDWH&RPH
+DLGHHFRPHDQGWKURZLQJKLVDUPDURXQGWKH\RXQJJLUO
V
ZDLVWKHSUHVVHGWKHKDQGRI9DOHQWLQHDQGGLVDSSHDUHG
$QKRXUKDGQHDUO\SDVVHGGXULQJZKLFK9DOHQWLQH
EUHDWKOHVVDQGPRWLRQOHVVZDWFKHGVWHDGIDVWO\RYHU0RUUHO
$WOHQJWKVKHIHOWKLVKHDUWEHDWDIDLQWEUHDWKSOD\HG
XSRQKLVOLSVDVOLJKWVKXGGHUDQQRXQFLQJWKHUHWXUQRI
OLIHSDVVHGWKURXJKWKH\RXQJPDQ
VIUDPH$WOHQJWKKLV
H\HVRSHQHGEXWWKH\ZHUHDWILUVWIL[HGDQG
H[SUHVVLRQOHVVWKHQVLJKWUHWXUQHGDQGZLWKLWIHHOLQJDQG
JULHI2KKHFULHGLQDQDFFHQWRIGHVSDLUWKHFRXQW
KDVGHFHLYHGPH,DP\HWOLYLQJDQGH[WHQGLQJKLVKDQG
WRZDUGVWKHWDEOHKHVHL]HGDNQLIH
'HDUHVWH[FODLPHG9DOHQWLQHZLWKKHUDGRUDEOHVPLOH
DZDNHDQGORRNDWPH0RUUHOXWWHUHGDORXGH[FODPDWLRQ
DQGIUDQWLFGRXEWIXOGD]]OHGDVWKRXJKE\DFHOHVWLDO
YLVLRQKHIHOOXSRQKLVNQHHV
7KHQH[WPRUQLQJDWGD\EUHDN9DOHQWLQHDQG0RUUHOZHUH
ZDONLQJDUPLQDUPRQWKHVHDVKRUH9DOHQWLQHUHODWLQJKRZ
0RQWH&ULVWRKDGDSSHDUHGLQKHUURRPH[SODLQHGHYHU\WKLQJ
UHYHDOHGWKHFULPHDQGILQDOO\KRZKHKDGVDYHGKHUOLIH
E\HQDEOLQJKHUWRVLPXODWHGHDWK7KH\KDGIRXQGWKHGRRU
RIWKHJURWWRRSHQHGDQGJRQHIRUWKRQWKHD]XUHGRPHRI
KHDYHQVWLOOJOLWWHUHGDIHZUHPDLQLQJVWDUV0RUUHOVRRQ
SHUFHLYHGDPDQVWDQGLQJDPRQJWKHURFNVDSSDUHQWO\
DZDLWLQJDVLJQIURPWKHPWRDGYDQFHDQGSRLQWHGKLPRXWWR
9DOHQWLQH$KLWLV-DFRSRVKHVDLGWKHFDSWDLQRIWKH
\DFKWDQGVKHEHFNRQHGKLPWRZDUGVWKHP
'R\RXZLVKWRVSHDNWRXV"DVNHG0RUUHO
,KDYHDOHWWHUWRJLYH\RXIURPWKHFRXQW
)URPWKHFRXQWPXUPXUHGWKHWZR\RXQJSHRSOH
<HVUHDGLW0RUUHORSHQHGWKHOHWWHUDQGUHDG
0\'HDU0D[LPLOLDQ
7KHUHLVDIHOXFFDIRU\RXDWDQFKRU-DFRSRZLOOFDUU\\RX
WR/HJKRUQZKHUH0RQVLHXU1RLUWLHUDZDLWVKLV

1403

JUDQGGDXJKWHUZKRPKHZLVKHVWREOHVVEHIRUH\RXOHDGKHU
WRWKHDOWDU$OOWKDWLVLQWKLVJURWWRP\IULHQGP\
KRXVHLQWKH&KDPSV(O\VHHVDQGP\FKDWHDXDW7UHSRUWDUH
WKHPDUULDJHJLIWVEHVWRZHGE\(GPRQG'DQWHVXSRQWKHVRQRI
KLVROGPDVWHU0RUUHO0DGHPRLVHOOHGH9LOOHIRUWZLOOVKDUH
WKHPZLWK\RXIRU,HQWUHDWKHUWRJLYHWRWKHSRRUWKH
LPPHQVHIRUWXQHUHYHUWLQJWRKHUIURPKHUIDWKHUQRZD
PDGPDQDQGKHUEURWKHUZKRGLHGODVW6HSWHPEHUZLWKKLV
PRWKHU7HOOWKHDQJHOZKRZLOOZDWFKRYHU\RXUIXWXUH
GHVWLQ\0RUUHOWRSUD\VRPHWLPHVIRUDPDQZKROLNH6DWDQ
WKRXJKWKLPVHOIIRUDQLQVWDQWHTXDOWR*RGEXWZKRQRZ
DFNQRZOHGJHVZLWK&KULVWLDQKXPLOLW\WKDW*RGDORQH
SRVVHVVHVVXSUHPHSRZHUDQGLQILQLWHZLVGRP3HUKDSVWKRVH
SUD\HUVPD\VRIWHQWKHUHPRUVHKHIHHOVLQKLVKHDUW$VIRU
\RX0RUUHOWKLVLVWKHVHFUHWRIP\FRQGXFWWRZDUGV\RX
7KHUHLVQHLWKHUKDSSLQHVVQRUPLVHU\LQWKHZRUOGWKHUHLV
RQO\WKHFRPSDULVRQRIRQHVWDWHZLWKDQRWKHUQRWKLQJPRUH
+HZKRKDVIHOWWKHGHHSHVWJULHILVEHVWDEOHWRH[SHULHQFH
VXSUHPHKDSSLQHVV:HPXVWKDYHIHOWZKDWLWLVWRGLH
0RUUHOWKDWZHPD\DSSUHFLDWHWKHHQMR\PHQWVRIOLYLQJ
/LYHWKHQDQGEHKDSS\EHORYHGFKLOGUHQRIP\KHDUWDQG
QHYHUIRUJHWWKDWXQWLOWKHGD\ZKHQ*RGVKDOOGHLJQWR
UHYHDOWKHIXWXUHWRPDQDOOKXPDQZLVGRPLVVXPPHGXSLQ
WKHVHWZRZRUGVC:DLWDQGKRSH
<RXUIULHQG
(GPRQG'DQWHV&RXQWRI0RQWH&ULVWR
'XULQJWKHSHUXVDORIWKLVOHWWHUZKLFKLQIRUPHG9DOHQWLQH
IRUWKHILUVWWLPHRIWKHPDGQHVVRIKHUIDWKHUDQGWKH
GHDWKRIKHUEURWKHUVKHEHFDPHSDOHDKHDY\VLJKHVFDSHG
IURPKHUERVRPDQGWHDUVQRWWKHOHVVSDLQIXOEHFDXVHWKH\
ZHUHVLOHQWUDQGRZQKHUFKHHNVKHUKDSSLQHVVFRVWKHU
YHU\GHDU0RUUHOORRNHGDURXQGXQHDVLO\%XWKHVDLG
WKHFRXQW
VJHQHURVLW\LVWRRRYHUZKHOPLQJ9DOHQWLQHZLOO
EHVDWLVILHGZLWKP\KXPEOHIRUWXQH:KHUHLVWKHFRXQW
IULHQG"/HDGPHWRKLP-DFRSRSRLQWHGWRZDUGVWKHKRUL]RQ
:KDWGR\RXPHDQ"DVNHG9DOHQWLQH:KHUHLVWKHFRXQW"
ZKHUHLV+DLGHH"
/RRNVDLG-DFRSR
7KHH\HVRIERWKZHUHIL[HGXSRQWKHVSRWLQGLFDWHGE\WKH
VDLORUDQGRQWKHEOXHOLQHVHSDUDWLQJWKHVN\IURPWKH

1404

0HGLWHUUDQHDQ6HDWKH\SHUFHLYHGDODUJHZKLWHVDLO
*RQHVDLG0RUUHOJRQHDGLHXP\IULHQGDGLHXP\
IDWKHU
*RQHPXUPXUHG9DOHQWLQHDGLHXP\VZHHW+DLGHH
DGLHXP\VLVWHU
:KRFDQVD\ZKHWKHUZHVKDOOHYHUVHHWKHPDJDLQ"VDLG
0RUUHOZLWKWHDUIXOH\HV
'DUOLQJUHSOLHG9DOHQWLQHKDVQRWWKHFRXQWMXVWWROG
XVWKDWDOOKXPDQZLVGRPLVVXPPHGXSLQWZRZRUGV"C:DLW
DQGKRSH


7KH(QG
&RS\ULJKWYLUWXDOERRNVFRPEU
7RGRVRVGLUHLWRVUHVHUYDGRVD(GLWRUD9LUWXDO%RRNV2QOLQH0 0(GLWRUHV/WGD
eSURLELGDDUHSURGXomRGRFRQWH~GRGHVWDSiJLQDHPTXDOTXHUPHLRGHFRPXQLFDomR
HOHWU{QLFRRXLPSUHVVRVHPDXWRUL]DomRHVFULWDGD(GLWRUD

1405

You might also like