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101/ I finally signed a paper which will compel me to pay about [[red underline]] $2000 [[/red underline]] more for 1933. George and Rossi again met Whitaker at his request. They want me to meet the men of Cyanamid tomorrow. [[underline]] July 31. [[/underline]] [[red underline]] Dr. Fairchild wrote me that eating blue-berries turned his Luxene palate blue [[/red underline]] [[vertical note in left margin in red]] Bloomfield [[red underline]] progress [[/red underline]] [[/vertical note in left margin in red]] Went to Bloomfield and stayed there from 10 A.M to 5 P.M. Went in every department [[strikethrough]] and [[/strikethrough]] [[red underline]] Wieth [[/red underline]] is away on [[red underline]] vacation. Redman recovering in Canada [[/red underline]] Conferences with [[red underline]] Bender, Stro, Young Wieth, Mcharg, Turkington Moore, Hylton Swan, Shrimpe Shuey, Peak, [[strikethrough]] etc [[/strikethrough]] Wightman [[/red underline]] Skow and [[red underline]] Peak [[/red underline]] showed me excellent results they are obtaining with Urea resin, better than competitors [[strikethrough]] can [[/strikethrough]] produce now. Process seems simple and practical. Time molding shorter. Raw material easier and cheaper to prepare and end [[red underline]] products stand better tests. [[/red underline]] Curing time reduced to about [[red underline]] 10 seconds [[/red underline]] for their objects [[vertical note in left margin in red]] Paper Machine [[/vertical note in left margin in red]] Paper machine running for black thick paper, by [[red underline]] Wightman & Krizmacher. Mcharg [[/red underline]] has started excellent work on [[red underline]] watersoluble synthetic resin. [[/red underline]] Seems to be able to react on initial A with ethyl and other alcohols. Suggested to him to try if [[end page]] [[start page]] 102/ formic acid, besides the functions of its carboxylic group as an acid, might not under certain conditions function as an aldehyde. This point of view of course is a "long shot" but so many unforeseen reactions have been accomplished lately. Came back over New Jersey and the Palisades by Yonkers Alpine Ferry. [[written in red]] Cyanamide [[/written in red]] [[underline]] August 1. [[/underline]] [[vertical note in left margin in red]] [[red underline]] Col. Pope [[/red underline]] [[/vertical note in left margin in red]] Met Col. [[red underline]] Pope & Richardson [[/red underline]] at their office in R.CO. building with George and Rossi. [[red underline]] Richardson [[/red underline]] first gave statment as to average earnings of the different companies allied with them and which amounted to about [[red underline]] $10,000,000 yearly [[/red underline]] giving a resume of their relative merits and prospects. After which Pope extended his remarks and finally suggested that our evaluation of assets and average earnings would put us in a ratio of about 1/10 or 1/9, for which they would give us this amount in the total issued stock. Inserted on the advantages of a diversified undertaking of the kind where in times of depression better earnings of some of the companies ofset losses in others Central management but each company run by its own competent directors. etc. The whole practically [[red underline]] functioning as a large diversified Investment Trust, [[red underline]] with the advantage that there were [[red underline]] no bankers [[/red underline]] [[vertical note in left margin]] A squall of about 1 hours duration came over Hudson, torrential rain and some branches of trees broken [[/vertical note in left margin]]
Transcription Notes:
Archie J. Weith worked for Bakelite Corp.
Gordon E. Wightman and Ernest Kritzmacher, were assignors of a patent to Union Carbide Corp.
