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96 [[red underline]] sation [[/red underline]] which I proposed last year when our [[red underline]] earnings [[/red underline]] were about 3 million Dollars while this year they were [[red underline]] the lowest on record [[/red underline]] I thought it suitable that all those who [[strikethrough]] had reserves [[/strikethrough]] were at the head of the business and who had been raised considerably last year [[red underline]] should voluntarily consent to lower their total renumeration by 10%. [[/red underline]] That I altho' I [[red underline]] had not raised my compensate [[/red underline]] would do the same thing and make it [[red underline]] 27000 [[/red underline]] instead of [[red underline]] $30000 [[/red underline]] last year. This was accepted. Then I recommended that [[red underline]] no cuts should be made among [[/red underline]] all [[red underline]] employes whose income [[/red underline]] was small [[strikethrough]] except in [[/strikethrough]] But that [[strikethrough]] in some specially [[/strikethrough]] [[red underline]] no bonus should be paid except in a few cases where adjustments of compensation was advisable or where special meritorious [[/red underline]] work had been performed [[end page]] [[start page]] 97 Rossi said he did not believe in special compensation and that [[red underline]] all salaries should be brought to the point where no bonus was expected.[[/red underline]]. To which I dissented vigorously for several reasons. This evening at the [[red underline]] University Club [[/red underline]] was the [[red underline]] dinner by Science monthly [[/red underline]] on the occasion of the first award of a prize of [[red underline]] $20000 [[/red underline]] for meritorious [[red underline]] work in Science. [[/red underline]] was awarded to two biochemists who had studied the secretions of the [[red underline]] liver [[/red underline]] and thereby found a method for curing [[red underline]] pernicious anemia [[/red underline]]. The big council room was filled with 150 guests, [[red underline]] [[strikethrough]] many [[/strikethrough]] ^[[all]] notable men of Science [[/red underline]]. Met many many friends which I had not seen in a long time. After dinner took General [[red underline]] Squier [[/red underline]], Frank Julian [[red underline]] Sprague [[/red underline]], Dr. [[red underline]] Northrup [[/red underline]] of Princeton and