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120 [[underline]] George Roll [[\underline]] voluntarily offered to retire as director to let George Baekeland in if I find it better for our interests. I told him I thank him for offering this voluntarily but have not decided yet whether at present a change is desirable Eveng spoke at [[underline]] Chemists Dinner at Cornell Club [[\underline]] arranged by [[underline]] Elon Hooker [[\underline]] who is full with Muscle Shoal plans. [[underline]] Zinsser [[\underline]] was put next to me at dinner table. I would have preferred more congenial company. [[underline]] Herty [[\underline]] and [[underline]] Whitaker [[\underline]] spoke before me. Home about midnight Dec. 12. Spent all morning with [[underline]] C.O. Townsend explaining [[\underline]] him affairs of [[underline]] Bakelite Corporation [[\underline]] also my plan for compensation at the 5% base. Is entirely in [[end page]] [[start page]] 121 accord with me. He suggests that [[underline]] Barret of Carbide Co [[\underline]] should help us by his advice, in the development of our company. [[underline]] Townsend [[\underline]] evidently [[underline]] has lost sight of our affairs [[\underline]] and does not see the incongruity of initiating a total change with our intimate details which he would not grasp in less than a year. I told him so. also intimated how [[underline]] George B. should be a director. [[\underline]] Then hurried to annual dinner of Association Synthetic Organic Manufacturers. [[underline]] Francis Garven [[\underline]] made an excellent speech [[underline]] warning [[\underline]] against the possible harm [[?Dawes]] plan will do to our chemical manufacturers by giving strength thru common raised capital to German chemical manufacturers.