This transcription has been completed. Contact us with corrections.
38 month about [[red underline]] $52,000 [[/red underline]] which brings us already about [[red underline]] $410,000 for this year. [[/red underline]] After the meeting, ͯPeters tells me he [[symbol "ͯ" refers to annotation in left margin]] Samuel T. Peters director]] thinks I [[red underline]] should be paid a salary and is willing to present a motion to that effect. [[/red underline]] Told him I appreciate very much his good will but do not want a salary as I [[red underline]] desire to remain entirely free and untrameled by any salary so that I feel that whatever time [[/red underline]] I give to the company is given voluntarily. Afterwards went to Hooker Co. where I met [[red underline]] Elon Hooker, and [[Kear?]] [[/red underline]] [[strikethrough]] of [[/strikethrough]] his lawyer [[strikethrough]] and [[/strikethrough]] to discuss terms of [[red underline]] contemplated million Dollar loan. Once more I urge him to be cautious not to jeopardize excellent condition of his company by contracting obligations [[/red underline]] [[end page]] [[start page]] 39 [[symbol in top left margin]] # [[/symbol]] which unforeseen circumstances, [[red underline]] under these war time may make it impossible to pay within the three stipulated years. [[vertical red line in left margin highlights the following section:]] Again [[/red underline]] I recommend [[red underline]] a bond issue, [[/red underline]] and if not at least obtain the option of [[strikethrough]] paying [[/strikethrough]] obtaining an additional credit of one year, at a higher rate of interest, [[strikethrough]] yr bringing [[/strikethrough]] for the fourth year, bringing the margin of safety to four years. [[/vertical red line in left margin]] Vanson, the representative of the bankers, came in later, and we submitted my plan to him, he feels some hesitation. I recommended [[red underline]] Whitaker, or Grosvenor or McKenna [[/red underline]] to him for experts to determine, physical value and prospects of Hooker plant. [[symbol and annotation in left margin]] # chge [[black underline]] 3 hs [[/black underline]] [[/symbol and annotation]] Took [[red underline]] Elon Hooker [[/red underline]] for lunch with me, and remained with him discussing conditions of [[strikethrough]] pres [[/strikethrough]] business until 2:30 P.M, then went to Porter's office and