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awkward to the extreme and very trying. [[underline]] Fishel [[/underline]] seems quite businesslike and entirely disposed to [[underline]] accept our terms, [[/underline]] in fact wanted to terminate everything right then and there but I told I had to submit matters first to our directors, so we parted in friendly way.
[[vertical marginal entry in red pencil]] Damard [[/marginal entry]]
Home with 11:40 P.M. train
Jan 10. Dictated all morning then went to office to discuss with Hasslacher, Dubois and May terms for [[underline]] Fishel [[/underline]] on which we all agreed and which May will now submit
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49
May suggested 40 c. per gallon as royalty.  I suggested 10%. We told him to try first 10%. on net selling price.  May suggested we should only license this patent because other patent of [[bases?]] [[strikethrough]] onl [[/strikethrough]] allows use of phenol while their way of doing it binds them to cresol which gives an inferior lacquer.
Home ^[[with]] 5:45 P.M Celine was waiting at Yonkers station with motor
Jan 11. Here all day.  Rainy day.  Feel nervous and uninterested in my work. [[strikethrough] Rainy [[/strikethrough]] Trolley strike still on. Dubois sold me