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[[margin]] May [[/margin]]
will some of our customers. [[underlined]] May [[/underlined]] also talked [[underlined]] about renewal of his contract. [[/underlined]] Says wants at least [[underlined]] $10000 a year, [[/underlined]] also [[underlined]] $6000 [[/underlined]] salary and [[underlined]] 7% [[/underlined]] of dividends. I assured him that if we gave as much to him we would give as much to [[underlined]] Roni [[/underlined]] and about as [[underlined]] much to Swan. [[/underlined]] and also be fair to [[underlined]] Filler and others and at this rate 30% [[/underlined]] of our dividends would go to them. and that I doubted very much whether any of our directors would consent. I am the first one to recognize his good worth and abilities, but this does not allow me to underestimate the [[underlined]] equally good work and high responsibilities [[/underlined]] of others. May speaks of some of his friends whose [[strikethrough]] earn [[/strikethrough]] salary is so much higher etc. To which I told him that even the highest salary is not as high as what
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a man can make who runs his own business. That any man who wants to run the risk and wants the maximum income [[underlined]] should go in business for himself, but that there are also adverse chances [[/underlined]] and other drawbacks. etc
[[Note: diagonal line in margin connecting next three lined]]
What [[underlined]] I dislike about May is that I have never seen him entirely satisfied, [[/underlined]] whatever we have paid him [[underlined]] has never been received in the same spirit of real satisfaction [[/underlined]] and gratitude as [[underlined]] Roni [[/underlined]] and [[underlined]] Swan. [[/underlined]] Furthermore he has always given me the impression that he stands with us [[underlined]] like a bird on a branch. [[/underlined]] ready [[underlined]] to fly away. [[/underlined]] I do not feel that in two or three or ten years he will stay with us. [[underlined]] He is easily ruffled, rather sullen sometimes. [[/underlined]] always on the defensive ready to stir up some question or another. His manner is more than

Transcription Notes:
Instructions say to use the word 'underlined' in brackets when words are underlined in text. Seems appropriate because indicates past tense.