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182 and [[red underline]] we are willing to undertake the gamble under following conditons [[/red underline]] Laurence is the principal in all further discussions for the reason that he [[red underline]] has been much longer with us and is better known than Peakes [[strikethrough]] also [[/strikethrough]] who seems to have lack of manners and arouses opposition. Furthermore Laurence has more claim on [[/red underline]] account of past history with our company In as far as whole thing is still up in the air and [[red underline]] simply a gamble [[/red underline]] in which we will furnish cash and help without reasonable certainty of success all definite arrangements must be left to future agreement. We intend however to create a department of the kind of which we should desire to make [[red underline]] Laurence [[/red underline]] the head or one of the main factors and in case the department pays make his financial return dependent upon the amount [[end page]] [[start page]] 183 of financial success paying him besides a regular salary a certain percentage of the net profits so as to stimulate his good will and zeal. In the mean time we are willing 1/ to [[red underline]] reimburse all the money [[/red underline]] spent [[strikethrough]] for [[/strikethrough]] by them thus far. 2/ Pay them an extra bonus for extra work which they voluntarily supplied. 3/ furnish capital and other means to push the [[strikethrough]] sh [[/strikethrough]] scheme and try its ultimate possibilities. Waited all afternoon for [[red underline]] Celine [[/red underline]] to arrive. Finally about 5:45 P.M she came aboard. [[vertical notation in red in left margin]] ION [[/left margin]] Zeeryp had driven her with his car over Staten Island. Hurried departure at about 5:45 P.M. Slight delay at bridges then in Raritan channel easy to follow, very little wind. Dropped anchor near Crab Island just before darkness.