Viewing page 72 of 100

This transcription has been completed. Contact us with corrections.

138
[[entry in left margin in red]] R&H purchasing of new formaldehyde process [[/left margin]]
of [[red underline]] Faculty Applied Science [[/red underline]] at 1:10 P.M then back to office
[[underline]] May 29. [[/underline]] Long further talk with Hays about [[red underline]] Trusteeship of my Bakelite Stock. [[/red underline]] He also tells me [[red underline]] R&H concluded purchase of new formaldehyde process last year and kept it quiet. - The cost of manufacture is said to be so much below that of present processes that [[strikethrough]] they [[/strikethrough]] the  present process will become obsolete and that they will dominate [[/red underline]] the market price. Their intention is [[red underline]] to create a little side company, supposed to be a competitor, so that the public may not be disturbed by the thought of their monopoly. I perceive now why they wanted to sell their stock; they probably saw that they could [[/red underline]]
[[end page]]
[[start page]]
139
[[entry in left margin in red]] 
R&H Tricks [[/left margin]]
[[red underline]] dominate Bakelite thru our raw materials specially for such uses as molding mixtures where the selling price is so low [[/red underline]] that they will make more by selling us and others the raw materials, than we can make in producing them. [[red underline]] This puts us in a very perplexing [[/red underline]] situation if their statements are correct that the new process can produce at such a very low price as to defy competition 
Our formaldehyde made in Chicago, at present costs us 5½ cents a lb.
Luncheon with Professor [[red underline]] Jean Capart of Brussels, [[/red underline]] the Egyptologist. Then back to office thence home.
[[underline]] May 30 [[underline]] Decoration day. This is the second mild day I have seen since I am back [[red underline]] Ellwood Hendrick [[/red underline]] and Prof. Jean Capart (archaeologist)