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Then hurried Executive meeting, [[underlined]] A. K watch in [[/underlined]] hand as he [[underlined]] has to catch [[/underlined]] the train for [[underlined]] Chicago, [[/underlined]] notwithstanding the fact that we are deciding a [[underlined]] general [[/underlined]] lowered [[underlined]] revision of prices [[/underlined]] so as to face new competition arriving [[underlined]] from the fact of the expiration of our patents and Rossi [[/underlined]] is [[underlined]] not even here to [[/underlined]] advise us. This is the trouble of having important [[underlined]] directors who live away and are engaged in [[/underlined]] other business. [[underlined]] Schleussner [[/underlined]] also is anxious [[underlined]] to get away [[/underlined]] as he has a bad cold.
[[underlined]] Wood alcohol [[/underlined]] manufacturers have raised duty 50% against imported synthetic methanol and now are trying to put one over by conspiring with the [[underlined]] Prohibition commissioners [[/underlined]] to [[underlined]] double [[/underlined]] the amount of [[underlined]] methanol [[/underlined]] in denaturated
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alcohol so [[underlined]] as to increase their [[/underlined]] outlet 100% in the denatured alcohol field and thus [[underlined]] artifically [[/underlined]] raise prices of [[underlined]] methanol [[/underlined]] to the detriment of us and other consumers. There is a violent debate in Congress on increasing the amount of "poison" in denaturated alcohol but nobody seems to [[strikethrough]] find [[/strikethrough]] locate "the [[underlined]] Nigger in the [[/underlined]] wood pile". I have no doubt [[underlined]] R&H [[/underlined]] is in the conspiracy with the [[underlined]] Wood products Co. [[/underlined]] The latter is owned by [[underlined]] U. S. Industrial Alcohol Co. [[/underlined]] which in turn is controlled by [[underlined]] Standard Oil [[/underlined]] Company.
At 3 P.M our meetings are over and I feel glad to have some rest after a very streneous week
[[underlined]] Dec. 30. [[/underlined]] Long session with [[underlined]] Hays [[/underlined]] on subject of taxation. [[underlined]] Jacobi's debt. [[/underlined]] George B. taxes. How to consider as income or capital amount of Bakelite Corporation Preferred stock which has to be  
 

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'