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130 Karpen Brothers. So that in fact I pay 1/3 of my salary while they pay less than 10% of their salary. In order to show [[underline]] that I do not want to be stingy with our employees I proposed to add about 33% of their bonus [[\underline]] above last years and I recommended [[underline]] to be specially [[\underline]] generous [[underline]] to the lower paid employees [[\underline]] where a few hundred Dollars means much in comfort. But [[underline]] Schleussner and Karpen, always generous with money of which I pay 1/3 [[\underline]] while they pay very little individually immediately alloted rather large increases for [[underline]] Rossi [[\underline]] and [[underline]] Redman [[\underline]] and also $4000 to [[underline]] Townsend, [[\underline]] undoubtedly to gain their good will in [[end page]] [[start page]] 131 receiving their $30000. It is [[underline]] easy to be generous with the money of others. [[\underline]] I do not like this grab attitude and it makes me wonder [[underline]] what they would do with our corporation if they had together [[\underline]] an unrestrained hand. This makes me feel so much the more apprehensive of my present situation where [[underline]] I have only 2 directors of the ten. [[\underline]] These "grab salaries" at the end of the year are the only serious differences of opinion I have with [[underline]] Schleussner [[\underline]] and [[underline]] Karpen. [[\underline]] A very busy day no time to go out for lunch. Terminated at about 6 P.M December 17. Very busy all day session Executive committee Home with 7.22 P.M train. December 18. At the director's meeting preceding the annual