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Kent. Peters & Williams & myself 
Proposition of consolidating with Boonton was outvoted unanimously because it involved raising $40,000. Van Sinderen proposed using our assets for subscribing in Bakelite Co. but matter was postponed. Then Van Sinderen took up question of cancellation of paper contract and modification of first [[underlined in red]] Protal [[/underlined in red]] contract. Formula was read and much discussed. Stenographer of Williams & Peters muddled everything. then it was corrected a provisional copy handed to me. I told them wanted to have time to submit. it to [[underlined in red]] Hasslancher [[/underlined in red]] as it was only fair that I should not make any unapproved changes on eve of important contract with General Bakelite Co.-they consented. The resolution was passed separately whereby phonograph
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exclusive license was relinquished.
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[[underlined in red]] Damrosch [[/underlined in red]] asked me some questions as to Protal. [[underlined in red]] Still seemed in blissful ignorance of real state of affairs.- all these people are totally ignorant of the technical impossibilities of Protal! [[/underlined in red]] Van Sinderen mentioned that in as far as $16000 had been expended on patents x [[margin]] Weichman's Protal Patents!!! Worthless! [[all?]]money paid to Benjamin! [[margin]]these patents ought to have some value!!! This is where lawyers and ignorant people come in!
I rushed up to [[underlined in red]]  Hasslander [[underlined in red]] submitted him draft of resolution. He says: all this is all right and acceptable only submit it to [[underlined in red]] Creevey [[/underlined in red]] so that he may see whether there is any legal objection. Left copy of resolution, the only one I had in their office [[strikethrough]] then went to University Club [[/strikethrough]]
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Transcription Notes:
I looked up Van S------; a Van Sinderen was associated with Baekeland. - wenken Boonton Rubber Company, Jacob Hasslacher, John K. Creevey --ss

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