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[[left margin in red]] Grinding wheel patent suits [[/left margin]]
halve the expenses which will still further increase our already too [[red underline]] high overhead and will chew up more our liquid reserves which with present earnings which are about [[/red underline]] nil, put us in a steadily more dangerous position [[red underline]] if the business depression [[/red underline]] continues for a long time. Durez [[strikethrough]] are [[/strikethrough]] ^[[is]] offering now a [[red underline]] molding compound for 15 cents a pound! [[/red underline]] If we offer ours at 15 cents they will try to take our trade away at 14ยข etc and there is no end. In the mean time we [[red underline]] have created a huge factory which up till now has cost us over 2 1/2 millions. [[/red underline]] and this mainly for making a larger output of molding compounds: [[red underline]] Pantone [[/red underline]] which has already cost us [[red underline]] $200000. [[/red underline]] will swallow this year at least $100000. before we are out of our troubles
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and before we are ready to effect sales. I I try to impress our head men with all this but they are so busy with their detail work that they do not see the woods for the trees. -
[[underline]] Nov 3. [[/underline]] This is a holiday on account of local elections. Went to [[red underline]] dentist [[/red underline]] to have a little cavity filled. Then started packing for my [[red underline]] departure for Florida Saturday evg.
Horne handed me results for [[/red underline]] October and 1st ten months of 1931 as followers. - Comparative statement [[red bracket in left margin]] of net income. = October - 1930 & 1931
[[strikethrough]] 1931 [[/strikethrough]]
Bakelite Delaware Halowax Pansville - Total
1931 -2000 +6500 -1800 = 2700
1930 +162.445 +27985 -2996 = 187434
These months ended Oct 31. [[/red bracket]]
[[red bracket in left margin]]
1931 +246809 +81.641 22.686 = 305.764
1930 +910293 +177.995 44.051 = 1044237
[[/red bracket]]
The figures for 1930 will look better after 200.000$ which is the out incomplete bonus which I made in the remuneration of the head men.
I imagine that our losses are specially in our molding mixture department and shall tell Horn to submit me separate accounts.
