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[[red underline]] will be able to extend its operations over the whole world [[/red underline]] and may then alone or in conjunction with Condensite Co. and others be able to utilize its experience and knowledge and patents and become an international company with many ramifications and require much more capital.
One hour's conference with Creevey and May
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Then went to Brooklyn. [[red underline]] Paulus [[/red underline]] has succeeded in making to [[red underline]] good runs on formate [[/red underline]] and good run on roaster of oxalate and is now making oxatic acid instead of purchasing it. Has new steam boiler installed - 3 hours.
[[symbol in left margin showing a circle topped by a cross with annotation]] 3 hs [[/symbol and annotation]]
Then to Chemists Club to meet [[red underline]] Mastick [[/red underline]] who came to see me about row between [[red underline]] Herty [[/red underline]] 
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and [[red underline]] Alexander Smith [[/red underline]] to ask me to use my friendly relations with both to prevent disruption in American Chemical Society etc.
Evening met Arthur Bullard at Player's Club
[[vertical annotation in left margin]] Interview with engineer and [[red underline]] chemist of Pyrene Co [[/red underline]] in relation to Naval Board. [[/vertical annotation]]
[[red underline]] Senate has endorsed declaration of war with only six votes opposition. La Folette [[/red underline]] is the most violent anti and made a speech which some other Senator characterized as being a speech better suited to Bethmann-Hollweg, than to an american.- 
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[[red underline]] I wonder how our militarists will like the enormous additional taxes which are [[strikethrough]] pro [[/strikethrough]] under project? I believe direct taxation as proposed by the Democratic party far superior to issue of loans or bonds as advocated by [[strikethrough]] the [[/strikethrough]] ^[[some]] Republicans.
Let people know what it costs them to carry [[strikethrough]] and [[/strikethrough]] enormous armaments, so that when peace [[/red underline]]  

Transcription Notes:
"Mastick" may refer to Seabury C. Mastick, a lawyer who specialized in chemical patents. Theobald von Bethmann-Hollweg was Chancellor of the German Empire from 1909 to 1917.