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were desposed to [[strikethrough]] make [[/strikethrough]] enter into a [[underlined in red]] combination with General Electric, [[/underlined in red]] either sell out for cash, or sell controling interest or amalgamate the two companies by an exchange of stock. - Told him this was a very serious subject which required consideration and before going any further I wanted to talk this [[strikethrough]] off [[/strikethrough]] over [[underlined in red]] with my son [[/underlined in red]] before going a step further. But as he is away now must defer next meeting until he is at office. - Told him further that in any transaction possible I would not consider selling controling stock as [[underlined in red]] I would do nothing which might injure other stockholders. [[/underlined in red]. Nor could I afford to take cash on account of income taxes for accrued capital. So even if I went further in the matter the only way would
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be a fair and equitable exchange of stock of both companies and at the same time [[underlined in red]] proper safeguard of the interests of my associate [[/underlined in red]] and the men in the service of the company. - So he left until further notice. In order to diminish the responsibilities of Hays & George I made a financial Committee which shall decide any questions relative to reinvestment advice. [[underlined in red]] Committee consisting of Hays, Geo B, Rossi, and Sanford Brown [[/underlined in red]] 
[[strikethrough]] Dec 20 [[strikethrough]] [[underlined]] ^[[Sunday]] Dec. 20. [[/underlined]] [[overwritten]] We [[/overwritten]] I have been very much preoccupied about [[underlined in red]] Cornelia [[/underlined in red]] who took the risk of returning from Nassau in a [[underlined in red]] small schooner to [[/underlined in red]] Boston. - no engine, no radio. Her companions were Mr & Mrs. Doring their Scarsdale neighbors. Their destination Boston. Neither she nor George while they were in the mild climate of Nassau did not imagine how much different northern seas are at this time of the year.