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to endorse [[underlined]] Thomas Ewing [[/underlined]] for [[underlined]] Commissioner of Patents. [[/underlined]] Pupin, the two Hewitts, Ward Leonard, Mershon Robins, Winship, Weston were present. I motored to Cortlandt Park in Leonard's Carriage Home 1 P.M
April 26.  Early to New York.  Conference with Hasslacher & Dubois in relation to license of [[underlined]] Condensite Co.[//underlined]]  I propose that their sales should be restricted to ours in relation of 4: to 1 that is that for every $4 [[underlined]] 00 [[/underlined] we sell they should be alloted not to exceed $1.00 and [[strikethrough]] pay us 20% [[/strikethrough]] and they should receive 20% of total profits in that case.  Met them at lunch  Advised  [[underlined]] Aylsworth [[/underlined]] to use his HCL in his halowax furnace [[underlined]] to react on C2H2 and make dutch liquor. [[/underlined]]  Long discussion friendly argument of Frank L Dyer
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He thinks that if we ask 20% it could be interpreted as restraint of trade.  [[/strikethrough]] while [[strikethrough]] We propose 10% and ratio of 4:1 but they make counter proposal of 10% royalty and their ratio of maximum sales to be 35 and ours 65.  Left them till Monday and went to [[strikethrough]] Club [[/strikethrough]] Chemist Club.  There found Dr. Schell took him to University Club.  Home at 12:30 P.M
April 24 (Sunday)  Awakening with the feeling that it would be wrong to make an arrangement in the ratio of [[underlined]] 80% to 20% for [[/underlined]] relative sales. and telegraphed my opinion to Townsend.  [[underlined]] Swan [[/underlined]] here at noon to see my new samples.  Asked his opinion about proposed agreement.  He is very much against combining.  I feel it will keep up spirits [[strikethrough]] of [[/strikethrough]] and initiative of our men by not combining in any way whatsoever.  His opinion agrees
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Transcription Notes:
I believe Swan, referred to here, is the attorney who was partnered with Baekeland and Jacobi in the Nepera Chemical Co. in the 1890s. HK