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of [[underlined]] direct service to the Company etc. [[/underlined]] The danger of this being imposed perpetually unknown directors who may transfer all confidential or [[underlined]] secret manufacturing knowledge [[/underlined]] directly or indirectly to [[underlined]] their employers Standard Oil - and Anglo American Oil - with whom Carleton Ellis [[/underlined]] and others have been cooperating is too obvious. So I told [[underlined]] Potter we had to break off negotiations till they had put their house in order.
May 5. [[/underlined]] Most of [[strikethrough]] morning [[/strikethrough]] day discussing with [[underlined]] Potter [[/underlined]] & Redman George B, Hays, the situation with P & J. and how to circumvent it. Very [[underlined]] frank discussion but no nearer. [[/underlined]]
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May 6. [[underlined]] Johnson [[/underlined]] the new butler proved incompetent and was discharged.
All morning further discussion about P&J. no nearer altho' [[underlined]] Potter sees well the validity of our point of view [[/underlined]] [[strikethrough]] T sh To show Johnson pau [[/strikethrough]]  
[[underlined]] May 7. [[/underlined]] Called up [[underlined]] Hays [[/underlined]] to have his views as to my position. [[underlined]] Agrees with me Potter [[/underlined]] entertained at Sleepy Hollow Country Club by Celine and the Rolls 
I stay at home. Need a rest
[[underlined]] May 8. Potter [[/underlined]] leaves. I stayed at home for a rest much needed
[[underlined]] May 9. Sunday [[/underlined]] Home all day with Celine. [[underlined]] Delightful to be alone. - No servants to bother us. Stupidity of life in making things unnecessarily complicated [[/underlined]] 

Transcription Notes:
I use past tense 'underlined' with a 'd' because that is my understanding from the instructions. It seems a waste of time to edit just to remove the 'd' in 'underlined'. If I review and the transcriber just uses 'underline' I do not add the 'd'