Viewing page 63 of 65

This transcription has been completed. Contact us with corrections.

118/ Rutgunveite[[guess]] + Deutsche Bank which has much to say at Rutgunveite[[guess]]. Told me that on account of [[red underline]] scarcity [[/red underline]] of [[red underline]] phenol Rutgers [[/red underline]] had [[red underline]] put him in a hole [[/red underline]] not only [[red underline]] raising the prices [[/red underline]] of phenol, when competition was forcing down the price of Bakelite but [[red underline]] Rutgers [[/red underline]] had been delivering [[red underline]] phenol [[/red underline]] to our [[red underline]] competitors [[/red underline]] at a time [[red underline]] when they told Sachs they had no phenol [[/red underline]] for delivery available. - That [[red underline]] our men [[/red underline]] at the [[red underline]] Bakelite [[/red underline]] factory had seen [[red underline]] Rutgers ship phenol to our competitors, [[/red underline]] when they said they had none etc. How as a last resort he had tried to buy phenol in the U.S. hence his application for prices to use. He had recently succeeded in buying [[red underline]] phenol [[/red underline]] of good quality and better prices from [[red underline]] Russia. [[/red underline]] That the only trouble there was uncertainty of regular deliveries, but he was overcoming this since he had discovered that he had to pay some bribes to a succession of middlemen. He worked himself up into such a state of [[red underline]] excitement [[/red underline]] that he shrieked so that one could certainly have heard his denunciations (against Staun, Rutgers, the men of Rutgers + Deutsche Bank) thru the double-doors of his office altho they are supposed to be sound-proof. He kept on for more than an hour in this way. Told me his brother Robert (Robert Sachs) [[end page]] 
[[start page]] 
119) whom he called a most efficient man [[strikethrough]] whis [[/strikethrough]] (!!?) who had grown up under him with the business had received his [[red underline]] discharge papers [[/red underline]] because [[red underline]] he was a Jew [[/red underline]] and was being sent away without consideration. - I found out later on that a considerable sum was paid him for compensation that he Sachs and Weger (altho the latter is not a Jew) had had two successive reductions in there salaries of 10% each time and that furthermore their employment contracts had been changed so that they [[red underline]] could be laid off by 1934 [[/red underline]] if the "Aufsichts rath" thus decided. He [[red underline]] blames Staun [[/red underline]] and [[red underline]] Deutsche Bank [[/red underline]] The latter has sent a business expert who has much criticised their sales organisation and methods, also the organisation at the factory; blaming [[red underline]] Sachs [[/red underline]] and [[red underline]] Weger [[/red underline]] and  [[red underline]] Elbel.[[/red underline]] Hence the general shake-up at a time [[red underline]] when our competitors [[/red underline]] are [[red underline]] doing all they can to harm us. [[/red underline]] I listened quietly, and Sachs [[red underline]] kept on shrieking out [[/red underline]] his denunciations. Tellig the Nazis had protected against Bakelite Gesello[[?]][[guess]] having at its [[red underline]] head a Jew [[/red underline]] and his brother and 3 Jews among the Chemists at the factory. [[red underline]] Elbel [[/red underline]] who is not a Jew, but is son in law of Weger, is a [[red underline]] decided Nazi. [[/red underline]] But it looks to me [[red underline]] as if our competitors [[/red underline]] were [[red underline]] using present political crisis for harming us. [[/red underline]]
Sachs took me for luncheon at the Terrace of [[red underline]] Eden Hotel [[/red underline]] where there were only two others besides ourselves. - Last year at this. 

[[written on page 118 in left margin in red top half of page]] Trick of [[red arrow to the following words]] Rutgers [[word?]]

[[written on page 118 in left margin in red bottom half of page]] Sachs