Viewing page 95 of 100

This transcription has been completed. Contact us with corrections.

184
much in addition. They owe no money to anybody. [[underlined]] Rutgers [[/underlined]] are ^[[the]] controlling stockholders. besides is myself, - Nőhe,? ([[strikethrough]] pho [[/strikethrough]] [[underlined]] Lindenhof phenol company, [[/underlined]] [[strikethrough]] Hecht and [[/strikethrough]] [[underlined]] Knoll Hecht & Vietinghoff [[/underlined]] 
So I [[underlined]] am the only stockholder [[/underlined]] who is [[underlined]] not [[/underlined]] of the Administration board. Sales 200 ^[[long]] tons [[underlined]] resin [[/underlined]] last year or about 7 tons daily. This corresponds to 14 tons of our materials. Then [[strikethrough]] p [[/strikethrough]] net profits [[underlined]] last year [[/underlined]] only [[underlined]] $25000. [[/underlined]] which he calls 10% to stock issued. At this rate this amounts to about [[underlined]] 1/2 cent profit [[/underlined]] per lb. of resin! 
He says member of administrative board only get about [[underlined]] $250 [[/underlined]] a year. Did not state [[underlined]] his [[/underlined]] salary nor that of Weges who are the directors, not that of their [[underlined]] president Rutgers is controlled by Deutsche Bank [[/underlined]] but he [[underlined]] assures [[/underlined]] me that [[underlined]] Bakelite Gesellschaft [[/underlined]] is free and clear. They are stockholder in Damard and
[[end page]]
[[start page]]
185
in La Bakelite, but none of these companies pays any further royalties. They have [[underlined]] contracts [[/underlined]] and friendly relations with Italy, and [[underlined]] Czechoslovakia. France [[/underlined]] is one of their best customers. Transparent material is very small part of their business. They sell to Murhowski and Haefele sell little ready made molding material. 
Wants to be permitted to import laminated goods in the U.S. Told him this is out of the question. That we are willing to entertain the possibility of close connections or partnership. He does not object to [[underlined]] 50/50 [[/underlined]] but he objects to us controlling by a majority. 
Told him it is out of the question to let enter material made by them and protected in U.S by patents. That I know my associates would [[underlined]] not ever be willing to consider [[/underlined]] this. At 1:15 P.M excused myself and asked him to talk fuller details with Hays