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[[left margin in red]] accepted my offer [[/left margin]]
this to his associates [[strikethrough]] and [[/strikethrough]] ^[[to]] draw up the agreement accordingly About [[red underline]] one hour afterwards [[/red underline]] [[strikethrough]] he bra [[/strikethrough]] one of the R&H men [[red underline]] brought me the agreement worded [[/red underline]] as suggested by me [[strikethrough]] and [[/strikethrough]] in duplicate of which I acceped by signature and one copy sent to R&H. the other kept here. The time stipulated for payment was [[red underline]] "before September 30. 1928 [[/red underline]] I immediately called up [[red underline]] A. Karpen [[/red underline]] by phone in Chicago to acquaint him with the facts and requesting him to come here as soon as possible for advice. He [[red underline]] will be here Monday. [[/red underline]] Telegraphed also to Hays who is in [[red underline]] Adirondacks [[/red underline]] to be here on Monday [[red underline]] Told to Geo. B and George Roll and went immediately to Guaranty Trust Co to inquire [[/red underline]]
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at what rate I could make a loan of about [[red underline]] $600000. Meacham told me [[/red underline]] that even [[red underline]] on the best collateral they could do mostly better than 6% [[/red underline]] on account of the present lightness of the money market and good bond selling at lowest level of the year [[strikethrough]] An [[/strikethrough]] [[red underline]] This will make that I shall have to sell my Tax Exempt Bonds at a [[strikethrough]] loss [[/strikethrough]] decided loss. [[/red underline]]
[[left margin in red]] R&H [[/left margin]] [[underline]] Aug 3. [[/underline]] Told to [[red underline]] Rossi [[/red underline]] about my deal. Have spent most of last night calculating the new situation. [[red underline]] Up till now have always been under the belief that after R&H sell 5000 shares they have still enough votes with their friends for insuring one Director on the board. [[/red underline]] - I hate the thought of it [[red underline]] as this director might be a cantancerous person raising unpleasantness at [[/red underline]]