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28 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 [[end page]] [[start page]] 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 [[end page]]
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