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[[strikethrough]] 86) [[/strikethrough]] 88) great help and that [[underline in red]] Dillon [[/underline in red]] has already brought out some items in our favor which we had overlooked in former negotiations with [[underline in red]] Union Carbide. [[/underline in red]] Answered 3 last letters of George. Also wrote to Hays concerning [[underline in red]] Karpen's [[/underline in red]] letter whereby the latter wants [[underline in red]] to declare dividend because some stockholders (amongst which Karpen Brothers!) [[/underline in red]] have given this [[strikethrough]] stock [[/strikethrough]] [[underline in red]] preferred stock as collatiral [[/underline in red]] Answered George about his letter complaining of Redman dodging a meeting for establishing a budget etc. Also George wants to engage a man called [[underline in red]] Knudsen [[/underline in red]] for directly entering into practical work of [[underline in red]] Pantone. [[/underline in red]] - Wrote George there's no use doing this until the snag of the ink - question which Shrimpe has found out lately is settled [[end page]] [[start page]] 89) Afternoon Ludington and Herbert Stone here for a glass of my Grape-fruit Champagne Evening went to Moving Pictures here. Very interesting subject "Tabu" all about South Sea Islands. A photographic masterpiece unusually well acted by South Sea Islanders Also tremendously interesting pictures of African explorers catching animals alive [[underline]] March 13 [[/underline]] 1932 (Sunday) A very busy Sunday spent almost entirely writing letters and a very long argument [[strikethrough]] in favor [[/strikethrough]] showing [[underline in red]] why Dividend of Preferred should not be declared [[/underline in red]] and why at present conditions when we need all available cash we [[underline in red]] cannot afford [[/underline in red]] to disburse [[underline in red]] $90000 [[/underline in red]] but should husband our reserves. (See my ^[[two]] letters addressed to the Directors meeting)