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or Karpen paid the seemingly large patent litigation expenses and that we must see to it that they do not dodge them in this computation of earning. Excellent suggestion. Back home at 8 P.M
Nov. 28. At 9 AM at R & H office. Townsend Hays [[strikethrough]] and [[/strikethrough]] Schleussner Hamman and myself first spent one hour discussing proposed contract and different points of view. Finally agreed on proposed formula except that we find it is not [[cessary?]] at all to divide by anything Formula can stand undivided or by any arbitrary number provided number be the same by each company. This is still more evident because our earnings before 1915
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were comparatively so small as compared to years afterwards
In fact a [[frutles?]] penalty ought to be imposed and value Cs for Redmanol ought to be divided by four.
Then arrived Karpen Redman Kirk Brown Sanford Brown Karpen seemd to be in [[strikethrough]] less  [[/strikethrough]] a somewhat disturbed humor. 
Bryan reading off from a yellow paper some pencilled notes:
Whether it would not be better to combine Condensite and Redmanol and then have an agreement with Bakelite
Whether a holding company for the 2 companies could not be made.
Whether he could not buy enough stock so as to have 50% of total stock.
We showed him reasons why not