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182 [[red underlined]] quite some taxes for the amount [[/red underlined]] of the dividend. [[red underlined]] They propose [[/red underlined]] Bakelite should declare a [[red underlined]] 10% or a 20% cash dividend on muddle. September [[/red underlined]] payable shortly thereafter and [[red underlined]] they would reduce the selling price per share accordingly $10 or $20. [[/red underlined]] [[strikethrough]] Hays and Some As [[/strikethrough]] This [[red underlined]] has also obvious advantages for me and the other stockholders so we signed an addition agreement on this subject.[[/red underlined]] [[strikethrough]] and becom [[/strikethrough]] This becomes a [[red underlined]] great simplification [[/red underlined]] and will [[red underlined]] furnish Karpen [[/red underlined]] and [[red underlined]] other stockholders in one lump with much cash which would otherwise be distributed only at end of year. George Roll tells me our liquidation of surplus provisions of Phenol etc during this year has rapidly increased our cash supply way above our earnings and [[/red underlined]] [[end page]] [[start page]] 183 he has [[red underlined]] $750000 money uninvested [[/red underlined]] which we can use without diminishing our necessary reserves. [[left margin in red]] 10% dividend [[/left margin]] I [[red underlined]] feel elated [[/red underlined]] at this [[red underlined]] new simple solution. Furthermore R&H give me the option of accepting my note for $250000 at 5% [[/red underlined]] I receive a similar option at [[red underlined]] 5% [[/red underlined]] from [[red underlined]] one of our Banks. [[/red underlined]] All this at [[red underlined]] the time when loans [[/red underlined]] are made at [[red underlined]] 6 & 6 1/2. [[strikethrough]] Aug 10 [[/strikethrough]] Hays was very good adviser in all this. [[/red underlined]] Hays returned to night to his well earned vacation. [[underlined]] Aug 10 [[/underlined]] Another hot and sultry day. at office. [[left margin in red]] Hoover [[/left margin]] [[underlined]] Aug 11. [[/red underlined]] Stayed at home. and studied my [[red underlined]] Koda-color [[/red underlined]] outfit for making colored [[red underlined]] moving pictures.[[/red underlined]] [[strikethrough]] [[underlined]] Aug 12 [[/underlined]] [[/strikethrough]] This evening [[red underlined]] 8.00 P.M Hoover at notification meeting in Palo Alto. Cal. made his speech of acceptance [[/red underlined]] which