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164
[[left margin in red]] Utowana arrives and Fairchild back from cruise [[/left margin]]
Wrote letter to [[red underline]] Karpen [[/red underline]] calling his attention to first article in this months [[red underline]] Reader Digest "Men on the Bargain counter" [[/red underline]] as an example what it means to [[red underline]] lay off trained employes. [[/red underline]]
The [[red underline]] Fairchilds [[/red underline]] are back here ^[[with Nancy Bell F.]] arrived this morning from [[red underline]] South American Islands in "Utowana" [[/red underline]] exploration yacht of [[red underline]] Allison Armours. [[/red underline]] They stopped here directly from steamer offered them a [[red underline]] a glass of my grape fruit champagne. [[/red underline]] Later on Allsion Armours came here with Dorset
[[underline]] April 3 [[/underline]] (Sunday) [[red underline]] Dr. Redman [[/red underline]] here at 7A.M. from his meeting of A.C.S. in New Orleans. busy morning. Read him all recent letters bearing on business and financial situation' giving latest reports of Horn on our sales & finances. [[red underline]] He agrees with me [[/red underline]] that the only and best thing to do [[red underline]] was not to declare the divi [[/red underline]]
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[[left margin in red]] Armour's reception on Utowana yacht [[/left margin]]
[[red underline]] dend [[/red underline]] very pleasant interview there is no real difference of opinion between us. on the whole situation. [[red underline]] Evening Celine, myself and Redman all invited for [[/red underline]] supper aboard the [[red underline]] Utowana [[/red underline]] others present were [[red underline]] Dorsett [[/red underline]] the three [[red underline]] Fairchilds, Mr ^ Mrs. Brett (book publishers. A most delightful [[/red underline]] evening. Were back here 11 P.M.
[[underline]] April 4. [[/underline]] Further long talk with Redman shows me has accounts for Research dept. and showed me how the real cost of his department is much lower than reported because he is not credited with the ^[[net]] income on goods mfd. He has to show how he will reduce further by cutting out purchases for apparatus & chemicals but wants to keep all his men who are essential. Told him to show his budget to the Operating Committee but to have Horn present so that there should be no contention of his figures