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and paid $9,529,016.00 in cash, or about $1,846,298.00 profits yearly $.929016.00 each yearly dividends. Sanford Brown phoned that [[red underline]] Rossi had borrowed $50000 [[/red underline]] from the company. - that he has an abcess on his nose and inquired about what to answer to Germany about his visit. Told him had wired to Germany for postponing meeting in which case I offered to go. So as soon as I receive their answer will let him know. [[red underline]] Hays [[/red underline]] phoned, advising [[strikethrough]] at [[/strikethrough]] [[red underline]] against my proposal for declaring an optional [[strikethrough]] stock [[/strikethrough]] common stock [[/red underline]] dividend of common instead of cash, for the preferred now due. He also advised
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that in view of approaching legislation of increased inheritance taxes and increased surplus taxes [[red underline]] I should distribute my preferred amongst my family [[/red underline]] 
He evidently is not aware of our pending negotiations with [red underline]] Union Carbide [[/red underline]] which [[strikethrough]] will [[/strikethrough]] if successful [[red underline]] will exchange all my stock [[/red underline]] [[strikethrough]] of [[/strikethrough]] for [[red underline]] shares of U.C. [[/red underline]] which has a well established market value, thus taking away his main argument as to Tax Commissioners putting an too large value to our non listed stock. He also does not know that ^[[in]] 1932 will be very small. Furthermore to transfer my stock now may not help me if new tax laws