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The preparation of [[red underlined]] the bonus list [[/red underlined]] has been an arduous and long continued piece of work on my part. Now that it is all agreed upon upon as fair a basis as possible and after hearing the written confidential reports of Rossi Redman, Sanford Brown, Shrimpe, and Brock which were submitted to Redman Brown, Geo Baekeland and Rossi for approval or correction, this is as far as I can do for the best Yet I fear that after all is done we shall be confronted will kicking and dissatisfaction.
At 1230, Leo Karpen came to discuss sale of patents of [[strikethrough]] K [[/strikethrough]] Carter. Told him they are of no important value to us, merely a nuisance value. But in
[[vertical annotation in left margin underlined in red]] Karpen wants to sell Carter patents [[/left margin]]
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as far as Karpen Brothers have large amount of Bakelite valuable stock which will net them this year alone nearly half million in net earnings it would be foolish for the sale of a few thousand dollars more or less to jeopardise the earnings of their stock [[strikethrough]] by [[/strikethrough]]
But that I proposed to them that they sell the patents to Bakelite in exchange of the 20% interest Bakelite holds in the [[red underlined]] Carter Research Company [[/red underlined]]. Told them that as far as [[red underlined]] methanol research [[/red underlined]] is [[strikethrough]] consid [[/strikethrough]] concerned advise them to sell to any of the companies which are now engaged in methanol production for instance Dupont, R&H or [[red underlined]] Union Carbide [[/red underlined]]. That as far as we are concerned