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[[overwritten]] 56 [[/overwritten]] 57/ [[vertical notation in left margin in red]] Investments [[/in left margin in red]] This subject is having unpleasant delays [[underlined]] Aug 18. [[/underlined]] Another meeting with Hays, George, Rossi and myself to decide how to proceed in [[red underlined]] changing our investment. [[/red underlined]] Gave all the documents to Rossi to study. Hays, George & myself have finally agreed on following: Accept [[red underlined]] Young [[/red underlined]] & Co as advisers on a 3 month basis. They to advise us on bonds as well as stocks. But only in advisory capacity for bonds while on managing capacity on stocks. Their recommendations as to the latter being subject to a veto of the finance committee. If they recommend investing a total of [[red underlined]] 1000000$ [[/red underlined]] of our funds in stocks we shall call a special directors meeting and if necessary a stockholder's meeting for approval. - In the mean time instructions are given to Rossi to see whether our surplus funds could not be better invested in [[red underlined]] raw materials. [[/red underlined]] All this is due to [[red underlined]] fear of further inflation of the Dollar. [[/red underlined]]. [[vertical notation in left margin in red]] 24 hours run at Bloomfield [[/left margin in red]] Our molding department in [[red underlined]] Bound Brook is working 24 hours [[/red underlined]] in three shifts and is behind in orders and [[red underlined]] output exceeds that of the best of 1929, [[/red underlined]] but at lower prices. The other departments are not so good. [[red underlined]] Varnish resins at 40% of capacity [[/red underlined]] shows increase over last year. [[red underlined]] Varnish for laminated lags, but grinding wheel resins is picking up [[/red underlined]]. George left for camp till end of month. [[underlined]] Aug 19. [[/underlined]] Another very sultry day 74-80°F + 95% humidity. All day home writing and reading [[underlined]] Aug 20 [[/underlined]] (Sunday) Starts same windless gray humid day, but not too warm. [[end page]] [[start page]] \58 Dick out. Maids out after lunch. Spent day writing up notes & reading and listening to Radio. [[underlined]] Aug 21. [[/underlined]] [[bracket in left margin contains following text with annotation: "This took place Aug 24 instead of Aug 21"]] Met [[red underlined]] Rossi, Redman & Brock [[/red underlined]] and repeated my statement that [[red underlined]] Nash, Brock & Morey [[/red underlined]] have shown that they are not leaders and unsuited to pick out work for themselves but [[red underlined]] should be put directly under someone who day by day tells them what to do. [[/red underlined]] Read to Redman letters dated before my departure asking him a decision about Morey. [[red underlined]] Redman agrees Morey does not earn [[/red underlined]] his salary and wants to drop him. Told him I want to find a job for the poor devil and urges R. to find some work for each of them where they can do [[/bracket in left margin]] what they are best [[strikethrough]] fi [[/strikethrough]] suited for. [[underlined]] Aug 22. [[/underlined]] Letter from Washington that visa has been wired to Ripper [[vertical notation in left margin in red]] Sanford Brown confesses. [[/left margin in red]] [[red underlined]] Sanford Brown [[/red underlined]] came in my office and [[red underlined]] excused himself for his behavior and attitude during the past year [[/red underlined]] and promises to do better. - [[red underlined]] His wife's divorce and illness [[/red underlined]] put him out of shape. - Told him was glad to hear it. [red underlined]] Probably his brother Gordon reported to him my conversation with him of a few weeks ago on this subject [[/red underlined]] [[underlined]] Aug 23. [[/underlined]] Rain, rain rain. Floods in New Jersey and many places. Hurricane weather and considerable damage [[underlined]] Aug 24 [[/underlined]] See Aug 21. More rain [[underlined]] Aug 25. [[/underlined]] [[red underlined]] Ripper [[/red underlined]] wires ^[[he]] can come here Sept 10 or Sept 20, - boats crowded. Cabled him Sept. 20 most suitable Told to [[red underlined]] Whitaker [[/red underlined]] about it. W. says [[red underlined]] Vredenburg [[/red underlined]] is coming to arrange matters with Unite [[underlined]] Aug 26 [[/underlined]] All day at Snug Rock, collecting old films and [[strikethrough]] we [[/strikethrough]] Laboratory notes. As usually sent help away after luncheon. Studying and [[red underlined]] old memories [[/red underlined]] when looking over old photos some of them made nearly [[red underlined]] 50 years ago. [[/red underlined]] Very interesting and how many things have happened since
