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[[red underline]] latter product is so high [[/red underline]] and when we have no benefit from it became all our output is sold at former low prices.  I advise to causticize plain soda ash by installing some more finishing kettles and make NaOH in old primitive way, causticizing in these kettles on direct fire and order in mean time necessary vacuum pan, which would cause most delay and which would not be ready for operation [[strikethrough]] b [[/strikethrough]] within 4 or five months.  Then at end of this time has also benefit of vacuum pan; then finally when this emergency production of NaOH
is over, our caustic department would be the gainer by a more adequate [[strikethrough]] and more [[/strikethrough]] installation more profitable to operate than now when we are always crowded on account of too limited capacity
[[red underline]] Bush [[/red underline]] recommends plans for a [[red underline]] 50% increase in our general [[/red underline]] 
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A. H. Hooker tells me there is 20.000 horsepower current for sale at Lockport, N.Y at $18.00 per Horsepower year
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output. [[red underline]] He thinks demand for NaOH and bleach will permanently be increased.  We all think otherwise. [[/red underline]] 
They want $250.000 for perchlorate ammonium installation and as much for chlorate of sodium.
This alone would require 1/2 million
For increased NaOH facilities about $40000 to $50.000 would be needed.  At lunch at City Lunch Club, [[red underline]] Garvin, Saye and Remington [[/red underline]] joined us all seemed to think it would be [[red underline]] difficult if not impossible to find $500.000 [[/red underline]] or borrow the same [[red underline]] during these times [[/red underline]] and the question of increasing our plant 50% was not even discussed beyond generalities
Afterwards we went back to office in Wall street and further discussion till near 6 P.M.
During noon time I rushed to [[red underline]] Bakelite office [[/red underline]] where Mausolf, May, Swan, Foersterling and