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[[underlined]] furnish the new company enough cash at hand to start with [[strikethrough]] yet [[/strikethrough]] and leave enough disposible as soon as it is wanted, yet make our participation in profits not so preponderant [[/underlined]] as if all cash were paid at once. It will also allow us to be able to pay about [[underlined]] same dividends as last year to the stockholders, which now own stock in Damard [[/underlined]] Company. 
5 shillings to the £ ^[[per share]] would call for about 10000£ (50000$) on our part, and provide the company with necessary cash. [[underlined]] Potter, Kingsbury and Swinburne [[strikethrough]] readily [[/strikethrough]] and Bishop all see the advantages of my proposition. [[/underlined]] Then came [[underlined]] Robson of P&J who gradually agreed [[/underlined]] to all paragraphs of our modified contract then balked at the increased capitalisation of 120000£ to
[[left margin]] P.J = Pinchon Johnson [[/left margin]]
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140000£. [[strikethrough]] and wanted to subscribe [[/strikethrough]] unless allowed to subscribe more for P&J and thus increase their holdings.  [[underlined]] Long arguments without agreeing 
Then adjourned [[/underlined]] for afternoon [[strikethrough]] I took a light luncheon then went [[/strikethrough]] I returned to my hotel for [[strikethrough]] a light luncheon [[/strikethrough]] or [[underlined]] short rest [[/underlined]] after light luncheon so as to be better prepared for afternoon's [[underlined]] further meeting. [[/underlined]] This one at P&J's offices. [[underlined]] Robson accompanied by M. Partridge(?) one of their directors, [[/underlined]] who started [[underlined]] with same [[/underlined]] objections. I had to use all my arguments. How we had stipulated [[underlined]] we wanted no money but [[double underline]] active [[/double underline]] men. [[/underlined]] How our success in U.S had been due to [[underlined]] active men, quick direct action [[/underlined]] and [[strikethrough]] rapid building [[/strikethrough]] direct [[underlined]] constructive efforts unhampered by non active stockholders: [[/underlined]] How we could [[underlined]] not tolerate [[/underlined]]