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[[vertical annotation in left margin written in red]] May [[/vertical annotation]]
[[red underline]] put me on the defensive with him. [[/red underline]] That he is the [[red underline]] only one of all our men who has always given me the impression that he was always dissatisfied with us, [[/red underline]] and that made me feel very unpleasant. [[red underline]] I let him understand that if he wanted to leave us [[strikethrough]] in [[/strikethrough]] he could do so. [[/red underline]] that I had no desire of always being under the impression that he was dissatisfied. That furthermore [[strikethrough]] his [[/strikethrough]] I feared that his attitude might do us [[red underline]] harm with our customers. [[/red underline]] This seemed to impress him somewhat. I told him also that the directors had arrived at a conclusion on [[red underline]] what terms they were willing to renew his engagement but preferred [[/red underline]] 
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[[vertical annotation in left margin written in red]] May [[/vertical annotation]]
[[red underline]] not to discuss the matter just [[/red underline]] now, would do so at some other time when he would be in less [[strikethrough]] m [[/strikethrough]] cheerless spirit, and then when he asked to discuss terms right now I told him we were willing to offer him $6000 minimum plus 2% of dividends.
Then he brightened up and said this was about equivalent to original [[strikethrough]] calculation [[/strikethrough]] proposal of his where his figure of [[overwritten]] 6 [[/overwritten]] 7% of dividends was based on a much lower estimate of dividends. So by the time he left seemed to be entirely cheerful. [[red underline]] The greatest drawback of May is his health and his resulting dyspectic disposition of temper. [[/red underline]] 
Afternoon went to first [[red underline]] Aeroplane exposition [[/red underline]] at Grand Central Palace. Was astonished to find several