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Report of [[underine]] business of 1912 shows a credit balance of $13200 [[/underline]] [[2 exclamation points in red in margin]]  against the deficit of 27000 of last year and against deficit of $25000 of July 1.  This shows that in [[underline]]the last six months we made $40000.[[/underline]]. [[exclamation point in red in margin]] This is very encouraging news.  The financial result coincides [[underline]] exactly [[/underline]] with what I calculated several months ago.  It looks now decidedly [[underline]] as if we were out of the woods [[/underline]].  and even if our business does not increase above what we have been doing these last months we would be clearing about [[underline]] $80000 [[/underline]] [[exclamation point in red in margin]]
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I estimate that [[strikethrough]] next [[/strikethrough]] during the year [[underline]] 1913 [[/underline]] our sales will keep on increasing [[underline]] and should reach at least $450.000. [[/underline]]  
Went for supper at University Club then went to Baskerville's house where I stayed till 11. P.M. talking over various matters with him.
January 26, 1913 (Sunday)
Quiet day.  Afternoon came Mr. [[underline]] Low [[/underline]] the chemists engaged by Cutler Hammer Co to work [[strikethrough]] out the work [[/strikethrough]] advise the matrix factory of Williamson.  He tells me that silicate of soda has not worked well but that he use now B ground very fine and applied as a paint for

Transcription Notes:
Should I be saying "red underline" vs. the occasional "black underline"? Also When there is a strikethrough. Do you write the words struck through after that but within the brackets ???? I've just seen "underline" used in this document. I've been following the suggestions https://transcription.si.edu/instructions on how to write the srikethroughs.