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58 [[letter "B" in top left margin]] with [[red underline]] Dr. Parsons [[/red underline]] to inspect sites for power plant. Very probably [[red underline]] Parsons has been [[/red underline]] able to explain his personal views [[red underline]] to them antagonistic to report of A. A. Noyes. [[/red underline]] Went to Townsend's office had long conference with him and Brickenstein on [[red underline]] Condensite situation. Brickenstein seems more inclined to my suggestions of amiable settlement. [[/red underline]] Charge to Gen. Bakelite Co. traveling expenses etc. also dinner expenses in relation to this. [[letter "B" in left margin]] [[strikethrough]] Afternoon at Cosmos Club [[/strikethrough]] Yesterday [[red underline]] Townsend [[/red underline]] told me [[red underline]] Hooker Co [[/red underline]] has to pay on June [[red underline]] $300,000 and has no other money but what they will earn provided nothing unforeseen occurs. [[/red underline]] Tells me also [[red underline]] about wasteful method [[red underline]] [[end page]] [[start page]] 59 [[symbol in top left margin]] # [[/symbol]] of making [[red underline]] monochlorbenzol and not heeding his recommendations. Hooker seems rather absentminded [[/red underline]] in all these matters is now in the [[red underline]] South on a vacation. [[/red underline]] Same man who is so absurdly painstaking when it come to unemotional matters seems to be [[red underline]] rather easy going to important matters. [[/red underline]] I have warned him [[double red underline]] very urgently about this [[strikethrough]] loan [[/strikethrough]] short term loan. [[/double red underline]] [[symbol and annotation in left margin]] # 2 hs. [[/symbol and annotation]] I hope I may be wrong but if anything occurs to disturb regular manufacturing he will be compelled [[red underline]] to beg for cash [[/red underline]] from others or supply it himself or ruin [[red underline]] his business and all this for insatiable desire of increasing and increasing and attempt too much on narrow margin of safety. [[/red underline]] [[strikethrough]] This morning had long talk with [[/strikethrough]] Conference about different Hooker matters inefficiency of chlorbenzol, research work and visit of Cushman as to amidophenol