Viewing page 92 of 100

This transcription has been completed. Contact us with corrections.

178
[[red underlined]] above its reasonable value I should keep it for myself alone. [[/red underlined]] 
[[left margin in red]] Karpen !! [[/left margin]]
[[red underlined]] Karpen [[/red underlined]] arrived later. At first [[red underlined]] seemed [[/red underlined]] rather [[red underlined]] disappointed [[/red underlined]] that I [[red underlined]] should not sell to the Corporation [[/red underlined]] and thus [[red underlined]] give him an opportunity [[/red underlined]] [[left margin in red]] !! [[/left margin]] to get [[red underlined]] his part [[/red underlined]] without risking any of his money.  [[red underlined]] I believe [[/red underlined]] he [[red underlined]] needs cash at present, [[/red underlined]] because he took up with [[red underlined]] Hays [[/red underlined]] [[strikethrough]] the ques [[/strikethrough]] again his [[red underlined]] proposition of increasing stock capital by issuing 6% Cumulative [[underlined]] non voting [[/underlined]] preferred stock [[/red underlined]] at the rate of [[red underlined]] 1 1/2 shares preferred for every share of common [[/red underlined]] This seemed [[red underlined]] very attractive to him. I told him that altho' I did not like that pfd stock dividend scheme, I would not object to it if the others [[/red underlined]] 
[[end page]]
[[start page]]
179
[[red underlined]] like it and provided we were not compelled to give dangerous publicity about the affairs of our company to competitors and other outsiders.[[/red underlined]] [[strikethrough]] After [[/strikethrough]] He tells me that [[red underlined]]he had already talked to his friends in Chicago to get ready to obtain some more stock etc Well this is his own mistake.[[/red underlined]] 
[[left margin in red]] Government tax refunded [[underlined]] $2000 [[/underlined]] [[/left margin]]
[[underlined]] Aug 7. [[/underlined]] [[red underlined]] Guinzberg on of the men of Income Tax Bureau comes to examine my returns for 1925 [[/red underlined]] and I [[strikethrough]] feel [[/strikethrough]] find to my delight that the [[red underlined]] Government owes me over 2000$,[[/red underlined]] which I overpaid. [[red underlined]] Signed [[strikethrough]] Quit claim [[/strikethrough]] waiver for further [[/red underlined]] action at the insistance of Guinzberg who tells me [[red underlined]] the 1925 [[/red underlined]] Tax [[strikethrough]] was [[/strikethrough]] outlaw [[red underlined]] period is nearly reached
Karpen still here, so is Hays [[/red underlined]] The former takes up his scheme of 3 Preferred for one common