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Took supper at University Club.
Oct 5 (Sunday) Home all day. [[red underline]] Capart [[/red underline]] brought for lunch. [[red underline]] Dr. Caudrelier [[/red underline]] formerly professor of physics at the [[red underline]] Ecole Polytechnique, [[red underline]] who was an officer in the French Army and is now adviser of the [[red underline]] Banque de Pays-Bas [[/red underline]] of Paris, in search of information on [[red underline]] electrical [[/red underline]] matters and principally [[red underline]] fixation of nitrogen. [[/red underline]] This bank controls the nitric acid production in Norway.
Oct 6. Early to New York. [[red underline]] General Stockholders meeting [[/red underline]] of G.B.Co. and meeting of Board of Directors. Three meetings all finished in sixty minutes. Sent [[red underline]] $10000 = 83000 frcs [[/red underline]]
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to Belgium in deposit in Brussels branch of Guarantee Trust Co. [[red underline]] exchange [[/red underline]] now is one dollar = 8.30 frcs! in [[red underline]] France [[/red underline]] exchange is even [[red underline]] higher [[/red underline]] all due to fact that neither [[red underline]] Belgium nor France [[/red underline]] have thus far dared tackle vigorously problem of [[red underline]] taxing incomes [[/red underline]] and [[red underline]] inheritances [[strikethrough]] tax [[/strikethrough]] so as to provide for payment of their [[/red underline]] enormous debt. [[red underline]] Narrow minded Belgians or Frenchmen, [[/red underline]] in their ignorance, wrongly ascribe this disproportionate exchange to [[red underline]] purely arbitrary [[/red underline]] attitude of American Bankers which is absurd as the [[red underline]] U.S. suffers by this condition of affairs, which prevents purchases [[/red underline]] of French and Belgians here. who prefer to buy in England or [[red underline]] even in Germany [[/red underline]] where exchange rates are so much more advantageous for them.