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206/ [[note in left margin in red]] Naval Consulting Board [[/note in left margin in red]] of [[red underline]] Naval Consulting Board at Century [[/red underline]] Club. Present [[red underline]] Emmet, Robins, Whitney, [[strikethrough]] Hutch [[/strikethrough]] ^ [[Coffin]] Miller Reese Hutchinson Addicks, Capt. Scott and myself [[/red underline]] Miller in Florida and Brian Arnold in the West sent greetings. Discussion of [[strikethrough]] NT [[/strikethrough]] [[red underline]] "New Deal" stupidities [[/red underline]] in Washington and lack of coordination still continuing in Washington as described by [[red underline]] Coffin [[/red underline]] who is well posted on affairs at Washington and belongs to [[red underline]] Democratic party [[/red underline]] - All of us unanimously [[strikethrough]] fur [[/strikethrough]] [[red underline]] expect further complications [[/red underline]] and dangers for economic [[strikethrough]] sys [[/strikethrough]] situation and social political situation. [[red underline]] For the next five years the prospects seem doubtful and dangerous. [[/red underline]] [[underline]] Nov 12. [[/underline]] George back at office. Told him of [[strikethrough]] our [[/strikethrough]] liquid financial position of Baekeland family. George [[strikethrough]] reports that Col. Pope [[/strikethrough]] meets [[red underline]] Col. Pope [[/red underline]] in regard of [[bold red underline]] Cyanamid [[/bold red underline]] proposition and reports that they are willing to give us [[red underline]] 10% [[/red underline]] of their voting stock, besides their non voting stock. Told George to imagine 10% of voting stock would give us about the same standing in the merger as I would have in Bakelite if I only had 10% of Bakelite stock. The death of one of the directors or some other incident bringing in undesirable partners, [[red underline]] might throw us in very [[strikethrough]] dis [[/strikethrough]] unfavorable conditions. [[/red underline]] - At least [[red underline]] in present Bakelite conditions we were bossed by nobody but our conscience [[/red underline]] and feeling of equity and our present liquid financial condition was a safeguard [[vertical note in left margin]] [[red underline]] Coffin says Roosevelt [[/red underline]] will keep Congress in session all summer to compel them to push thru legislation devised to insure his reelection! [[/vertical note in left margin]] [[end page]] [[start page]] 207/ against killing estate taxes in case Celine or I come to die. [[underline]] Nov 13. [[/underline]] [[vertical note in left margin in red]] Am Cyanamid [[/vertical note in left margin]] [[red underline]] George feels same way [[/red underline]] and told Pope proposition was unacceptable. But was answered [[red underline]] they would do anything reasonable [[/red underline]] to make it acceptable. George reports that Pope told him that [[red underline]] Mr. Bell was so desirous to have us in his company that he had never seen him so eager, [[/red underline]] and that he has a very high opinion of our whole organisation. [[underline]] Nov 14. [[/underline]] Another very busy day, specially devoted to [[red underline]] Catalin patent situation [[/red underline]] [[underline]] Nov 15. [[/underline]] Interview with Dr. Schmidt and Brannon, and Dr. Redman at office discussing various samples of cast Bakelite, using process described 1916 by [[red underline]] Bruhat in his French patent [[/red underline]] The tests were made on commercial products in Bound Brook and some produced at mfg amounts of [[red underline]] 400 lbs. [[/red underline]] [[vertical not in left margin in red]] Catalin [[/vertical note in left margin]] Results discussed in relation to Catalin patents and prior art. Results are very satisfactory it being demonstrated that following the [[red underline]] Bruhat [[/red underline]] directors we can produce with paraform products as good as any with the catalin patents. [[red underline]] Brannon [[/red underline]] besides smaller finished objects brought large rods and tubes and plates etc. of white, transparent, or colored with dyes or pigments [[vertical note in left margin in red]] [[red underline]] Brannon [[/red underline]] [[/vertical note in left margin]] [[red underline]] Brannon [[/red underline]] has done excellent work again on this occasion. He is an intelligent, skilful worker. A very interesting morning. Afternoon went to Faculty meeting of Philosophy and Pure Science. Dr. Nicholas M. Butler [[strikethrough]] present [[/strikethrough]] presiding. Met many of my colleagues
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Note: last word on page is colleagues based on the first words on the next page