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[[strikethrough]] 88 [[/strikethrough]] 90) [[Written in red in left margin]] Foreign associations after 5 years no profits [[/Written in red in left margin]] [[underline]] March 19 [[/underline]]. 1932. Mailed my income tax return to N.Y Custom House Bright quiet day. Still waiting for that promised letter from [[underline red]] Dillon indicating his commission etc. [[/underline red]] Wired to George am disappointed at this delay Also wired to Horn for statements as to available liquid assets from securities and cash. Received letter from him showing [[underline red]] our foreign account showing that after five years worth, the costs are about even with the dividends we have received [[/underline red]] after deducting our loss in Italy. But [[underline red]] this does not take into consideration the intangible cost of our best men [[/underline red]] being away when we needed them most here. Nor all the [[underline red]] deviated attention [[end page]] [[start page]] [[Written in red in left margin]] Foreign associations of no profit to us. [[/Written in red in left margin]] [[Strikethrough]] 89 [[/strikethrough]] 91)[[underline red]] to foreign [[/underline red]] [[Strikethrough]] subj [[/strikethrough]] matters, while we had to neglect urgent subjects here. --This result is [[underline red]] exactly what I foresaw and warned them again ever since the end of the war when everyone urged me: "We must not neglect [[/underline red]] the foreign situation etc. I [[underline red]] foretold them all this. See my remarks in my annual reports and recommendations [[/underline red]] and directorate. See also my letters on this subject I wrote to George Last night thermometer went down to 42°F but water in the swimming pool was 62°F this morning. [[underline]] March 15 [[/underline]]. Telegraphed George that Redman's insistance about extending ^[[our]] [[underline red]] Columbia Fellowships [[/underline red]] [[strikethrough]] int [[/strikethrough]] into 1933 our obligation [[underline red]] must cease in 1932 [[/underline red]]