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103/ [[left margin]] Love letters [[\left margin]] which she wrote me in 1898 when we were engaged and others in 1890-91 while she was in Europe with our first baby. What a fine looking loyal character! Her charming loving letters, so generous, so hopeful, all written in a fine steady handwriting, some of it almost as neat as engraved calligraphy. What a luck it was for me to be loved by such an exceptionally fine woman and to have her for my wife and life companion sharing my sorrows and troubles and then my successes and now the beloved one of every one of our family. The center of the Baekeland clan, sowing cheerfulness, hope and courage wherever she goes. Luck certainly plays a great role in our individual lives. I hope my grandchildren may fare as well. [[underlined]] Sunday 15. [[/underlined]] Wrote out intended letter to [[red underlined]] Bakelite Gesellschaft [[/red underlined]] refusing to sign [[red underlined]] Italian S.I.B agreement [[/red underlined]] unless we are guaranteed against concern passing in hostile hands. Strike on Pacific Coast, spreading and taking dangerous propositions there which may affect whole country. A very hot foggy day, followed about sunset by squall and cooling rains much needed. [[underlined]] July 16. [[/underlined]] Had further conference with [[red underlined]] George [[/red underlined]] and [[red underlined]] Rossi [[/red underlined]] on subject of [[red underlined]] U.C & C. [[/red underlined]] prior to them meeting the representatives. Both George and Rossi [[end page]] [[start page]] \104 [[left margin]] Union Carbide dropped [[\left margin]] [[red underlined]] consider exchange rate of market value of their stock at our estimate 11 1/2 million net assets [[/red underlined]] or an income return equivalent to the cumulative dividend rate of our Preferred [[red underlined]] unacceptable. [[/red underlined]] Went to Century Club for lunch then stopped in Chemists Club where I met Wallace P. Cohoe. Evening went to University Club. [[underlined]] July 17.[[/underlined]] George reports that [[red underlined]] White [[/red underlined]] of [[red underlined]] U.C & C [[/red underlined]] told him terms were to [[red underlined]] uncertain [[/red underlined]] and his [[red underlined]] associates [[/red underlined]] had [[red underlined]] advised him to drop negotiations. [[/red underlined]] - Perhaps they balk before the fact that assimilating [[red underlined]] Bakelite [[/red underlined]] & [[red underlined]] Monsanto at the same time is quite a bite [[/red underlined]] and might disturb present controling interests. Perhaps also they want to give impression that they are not very eager. [[red underlined]] We all three conclude to abstain from any further move unless invited to do so. [[/red underlined]] [[left margin]] [[red underlined]] Sachs [[/red underlined]] [[\left margin]] [[underlined]] July 18. [[/underlined]] Studying further. The Sachs-Basso proposed contracts with Rossi then wrote letter to [[red underlined]] Stauss [[/red underlined]] telling him why [[red underlined]] we are not willing to sign the proposed contract. Sachs [[/red underlined]] has [[red underlined]] "vacation" [[/red underlined]] until Dec 31, 1934 when his contract of employment expires. [[left margin]] Hitler murders [[\left margin]] Further upsetting news from Germany conditions and [[red underlined]] Hitler murders, [[/red underlined]] and internal economic and business conditions in Germany. [[underlined]] July 19 [[/underlined]] [[red underlined]] Our net assets July 1 - 1934 are about 11 1/2 Million Dollars [[/red underlined]]
