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48 100 year anniversary (1932) of [[red underlined]] Morse & Draper. [[/red underlined]] Meeting was led by Professor Brisse, who is the publicity man of New York University. [[red underlined]] I am the representative of American Chemical Society. [[/red underlined]] [[underlined]] Sept 4. [[/underlined]] Visit of de Langle who comes to invite me to preside at one of the luncheons to celebrate the Belgian 100 year anniversary. - Told him shall probably be away at that time (October) [[underlined]] Sept 5 [[/underlined]] Visit of [[red underlined]] Raoul Grenade of Belgian Ambassy. Townsend [[/red underlined]] ^[[4 P.M]] came to see me "to have a [[red underline]] heart-to-heart" talk [[/red underline]] with me on pending propositions with [[red underlined]] C&C. [[/red underlined]] He submits me 4 [[strikethrough]] P.M [[/strikethrough]] two typewritten sheets detailing 2 [[red underlined]] proposals as arranged by Barret. [[/red underlined]] Proposal [[red underlined]] No. 1 says Barret he knows he can carry thru. It is so insufficient that I do not even want to consider [[/red underlined]] it. Proposal No. 2, "he has some [[end page]] [[start page]] 49 hopes of carrying thru" but is not sure. It consists [[red underlined]] summarily of rating each share of Bakelite Common (with 1½ shares Pfd A) [[/red underlined]] to a cash value of $569.00. Leaving present issued preferred A (6½) (53476 shares) and issuing 150% stock dividend of same kind of preferred (53487) shares and C&C. guaranteeing the preferred for 10 years [[strikethrough]] at [[/strikethrough]] but callable at 110$, and only allowing us 106974 shares of Un. C&C, as follows: Present Pfd = 53476 à 6½ à $110 = 5882360 150% ditto 53487 " " " 5883570 3 for 1 Carbide 106974 sh à 80 8557920 ---------- Cash value $20,323850 Feel much disappointed and told so to Townsend. Spent largest part of night calculating so as to be prepared for [[strikethrough]] to morrow's [[/strikethrough]] discussion with [[blue and red underlined]] Barret [[/blue and red underlined]] and [[red underlined]] Townsend in presence of Geo B and Hays, Monday. [[/red underlined]] [[underline]] Sept 6. [[/underline]] At office. Hays is away in Adirondacks. Spent all morning at office [[strikethrough]] calculating matters relating to [[/strikethrough]] obtaining further detail data to dividend records of B & C etc. All others away from Office