Viewing page 33 of 99

This transcription has been completed. Contact us with corrections.

58
to Bakelite.  He said such conditions would not arise.  [[underlined]]I replied that they had arisen repeatedly within the last two years[[\underlined]] and were more likely to arise in the future on account of the new fields in which we were entering, in view of the reduced profits or lack of profits we were now making in our standard products, etc. etc.  He then asked me to go with him to Hamman.  Told him this was Monday and a very busy day for me but would see him and Hamman after he had acquainted him with my information, so as not to have to repeat everything, - any time convenient to them.  He told me tomorrow would do.  I would wait for definite appointment by phone, tomorrow.
Went to Columbia University
[[left margin:  red vertical line]]
[[end page]]

[[start page]]
59
to see Pegram.  Told him why I would only subscribe $100 for the Kemp Memorial explaining the tight position I was in at present [[underlined]]after paying two millions to R&H for their stock and had to be economical unless I wanted to be in the hands of money lenders[[\underlined]] who might at any time assail my strong position in Bakelite and thus spoil all what I had aimed at in showing a successful chemical enterprise run by Chemists and Engineers without hard boiled businessmen and bankers.  [[left margin red vertical line]]
Then Tea and Conference of our Dept of Chemical Engineering at the Faculty Club, arranged by Ellwood Hendrick.  Prof. Shotwell spoke about the Kellog Treaty in relation to the League of Nations