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[[left margin in red]] Cash [[/left margin]]
lowest observed this winter which has been very mild and regular in weather.
In my letter addressed yesterday to Geo. Baekeland and Board of Directors, I brought out the fact that [[underline red]] Horn's report shows the absolute necessity of not diminishing our cash by not declaring dividends [[/underline red]] until more [[underline red]] propetious times. [[/underline red]] In a private letter to George I told him that I count on [[strikethrough]] him to decide [[/strikethrough]] [[underline red]] his vote [[/underline red]] and those of Swan and Hays together with mine to outvote the others in case Karpen wants to declare a dividend. Letter to George went special delivery Scarsdale and he will get it Tuesday Wrote also to [[underline red]] Hays [[/underline red]] that I [[underline red]] expect his vote [[/underline red]] and his influence with the others to vote down dividends.
At 8 P.M received urgent
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telegram from Thomas Robins to wire to Congressman Oliver joining my arguments to those of Thayer, Whitney and others of the [[underline red]] U. S. Naval Consulting board [[/underline red]] against the recent action [[strikethrough]] the [[/strikethrough]] of Mr. Adams  Secretary of the Navy putting the Naval Research Lab under the Engineering department which lets it degenerate into a mere testing laboratory. - Wired immediately night letter to this effect
[[underline]] March 3 [[/underline]] Last night coldest of the winter [[underline red]] 43°F [[/underline red]] but the morning milder 68°F and warmer later Wrote to Geo B. suggesting let the others try [[underline red]] Bound Brush as a central office, to be convinced of its disadvantages [[/underline red]] but begin with Advertising Dept, then with purchasing Dept., Halowax Patent Dept., teach them a lesson in time before we commit the blunder of moving headquarters to a one horse village, way