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[[red underline]] are better prepared on the whole subject and before we have agreed upon a site. [[/red underline]]
Then came the discussion of urging public financing of our stock. Put it in the hands of an underwriting concern etc. [[in red]] !! [[/in red]] To which I answered that in General Bakelite [[red underline]] I was the absolute controlling stockholder possessing over 50% of the stock. That in the amalgamation I had relinquished this power which meant much. R&H did not relinquish anything because they were minority stockholders. As a partial compensation I had the right of veto according to the bye-laws which requires 8 directors votes out of ten for all major questions. [[/red underline]] That 
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[[red underline]] possessing about 34% [[/red underline]] of the stock I had it in [[red underline]] my power to appoint at least 3 directors and four with the help of my friends. While R&H is only entitled to 2 directors, and that 2 directors could not exercise the right of veto. [[/red underline]] Hence their stock [[red underline]] collectively, was not worth more than each share separately While my block of stock, collectively was worth much more than each share separately 
I see no good reason for this amputating my power and the value of stock simply to please R&H and to permit them to sell easier to Tom, Dick and Harry or to persons who as stockholders might become objectionable to the old stockholders and [[/red underline]]