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76) 
[[left margin in red]] Reduction in salaries & wages [[/left margin
[[red underline]] paying any common dividends. [[/red underline]] This point has used been reached but the next few month may show improvement. Furthermore we cannot go back on our contracts with our men wheel require 4 months notice. - Therefore I propose that letter should be prepared, announcing present situation requiring giving notice to long term contract employes of the possible reduction of 10% in compensation and to take this occasion for amending the new long term contracts to a two month's notice and at our option forbid them for 2 years after to enter in the services of competitors [[strikethrough]] provide [[/strikethrough]] ^[[as long as]] we pay them 50% of their stipulated salary. - This was unanimously adopted. Meeting lasted from 9:30AM to 12.M.
[[underline]] Oct. 16. [[/underline]] [[red underline]] Moore [[/red underline]] [[strikethrough]] here s [[/strikethrough]] at office with Hays George B & Swan discussing trouble with Steelcote Concern of St. Louis
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Went over the subject of the unjustified claims of Neith the President. Afterwards took [[red underline]] Moore [[/red underline]] for luncheon at University Club to have a longer chat with him He says [[red underline]] Beckacite [[/red underline]] altho' their volume of business is less than [[red underline]] Rom & Haas [[/red underline]] are more threatening as future competitors [[strikethrough]] Oct. 17 George B [[/strikehthrough]] [[underline]] Oct 17. [[/underline]] Beautiful bright day. Finishing touches on my Johns Hopkins address.
[[underline]] Oct 18 Sunday [[/underline]] this afternoon visit of Davis and who came to see my beer & wine outfit
[[underline]] Oct 19. Busy all day again on that French contract. Afternoon meeting 4:10 P.M of [[red underline]] Engineering Faculty at Columbia Dean Barker [[/red underline]] gives us account of his recent observations in England and Germany and how [[red underline]] Germany [[/red underline]] has spent the billions it borrowed in the U.S. for [[red underline]] costly laboratories and Institutes for his Universities [[/red underline]] costly Stadiums, Theaters, Museums Bathing Resorts etc all [[red underline]] with the idea of not paying it back to the Americans [[/red underline]] who purchased there loan bonds