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estimated his services from the office boy to the president. But the trouble was that some rather [[underline]] underestimated [[/underline]] the [[underline]] proportionate [[/underline]] value of services of others. Told him also that I did not consider it proper that last year in order to stave off objections of Townsend or Redman or Rossi he (Schleussner) without consulting us, immediately proposed an increased compensation for all three while they were all present. Told him that he as a small stockholder should at least consult the other stockholders. He replied that he [[underline]] represented [[/underline]] large stockholders.  To which I answered that [[underline]] Hylan [[/underline]] represented [[underline]] the City of [[/underline]]
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[[underline]] New York [[/underline]] where he announced on every corner of the street in large signs, that Mayor [[underline]] Hylan [[/underline]] gave [[underline]] this or that park to the public [[/underline]] - without [[strikethrough]] the [[/strikethrough]] mentioning that it was [[underline]] with the money of the tax payers. Schleussner [[/underline]] however contained himself and as the whole discussion was politely conducted this morning he is smiling and cheerful as usual. [[underline]] He undoubdetly has the great gift of getting thru any difficult passage by a cheerful countenance. This is one of his many excellent points.  
Japanese [[/underline]] contract was again discussed in presence of Hays who had drawn it up. [[underline]] Karpen and Schleussner forgetting [[/underline]] that we had unani-