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122 Feb 20. [[strikethrough]] [[underline]] Sunday Feb 21 [[/underline]] [[/strikethrough]] [[red underline]] Little Peter is charming full of interest, [[/red underline]] witty and much alive. [[red underline]] What a blessing to have such an unusual child [[/red underline]] Nina and Peter took the two twin rooms. [[red underline]] Cornelia [[/red underline]] the Balcony room. Received long letter of [[red underline]] George about Raschig proposition well written [[/red underline]] & good arguments [[red underline]] Townsend, [[/red underline]] now in the hospital urges extreme caution because the [[red underline]] reactions are not new and work on the subject has been carried on in at least two companies in the U.S. [[/red underline]] Furthermore agrees with me that the [[red underline]] calculated [[/red underline]] profits on the bye products ortho- and paradichloro-benzols [[red underline]] are illusory. [[/red underline]] Same arguments as mine. I will take the stand that [[red underline]] we have enough gambles now to [[/red underline]] occupy all our cash and more attention than we can [[end page]] [[start page]] 123 give with our limited staff. That furthermore [[red underline]] our aim must not be to manufacture cheap phenol so as to make cheap Bakelite but to use phenol at good market price to transform it in goods where we are experts and can get better [[/red underline]] prices. [[red underline]] Bad news about Townsend [[/red underline]] [[strikethrough]] his wife The precedent of [[/strikethrough]] His wife told George that he has arteriosclerosis of the brain + a tumor on the brain and if the latter is removed it will only delay somewhat a fatal issue and in the mean time will be incapacitated for his profession. - [[strikethrough]] Dearest old Friend [[/strikethrough]] [[red underline]] Dear old Friend! [[/red underline]] [[underline]] Feb 22 [[/underline]] (Sunday) Tomorrow [[red underline]] Yacht Reunion at Matheson's Island [[/red underline]] so very busy on last touches on ION. [[red underline]] Long letter to George answering his about Raschig, [[/red underline]] giving addi-