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Voted a special salary of [[underlined]] 3000$ to Hays [[/underlined]], which he should not divide with his law firm as it is given to him as treasurer not as law counsel. - [[underlined]] We pay his firm $5000 a yearly [[/underlined]] of which he gets 15% ($750.00 We shall have to devise a way so that his firm cannot claim the $3000. [[underlined]] I am the only one who does not want to share in the excess profits [[/underlined]] allotment. At same time the salaries of George, Rossi, Sanford Brown are raised to [[underlined]] $25000. [[/underlined]] - Swan and Redman remain $15000 + participation, because their responsibilities and work is less than George, Rossi & Swan
A very pleasant meeting. Everybody seems happy. This shall have to be confirmed by a special stockholders meeting while I am away to London
[[underlined]] May 29. [[/underlined]] Conference with Brannon, Dr. Schmidt and Redman on transparent colorless C36 (Tetronic) product. Feel very tired, but happy Ninette is getting better and
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This evening the Chandler Medal was given to Prof. Giauque of the University of California
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is now with a nurse at Nina's house in Scarsdale
[[underlined]] May 30. Montagu Perkins [[/underlined]] attorney for Bakelite Ltd has been on a visit to the U.S. during the last few weeks and has been present at the convivial meeting of our men in Bloomfield etc and seems to have learned to appreciate our organization by this visit. He [[underlined]] expressed himself admiringly [[/underlined]] as to the general spirit and methods, which pleases me very much. George B put him up at the University club and gave him a dinner with some of our head men, there. Perkins told Rossi that the men and more notably [[underlined]] Robinson [[/underlined]] of Bakelite Ltd are [[underlined]] underpaid, [[/underlined]] because Mr. Kingsbury at his advanced age is still guided by what was considered a large salary, during Queen Victoria's reign. He advises me to take up this matter when I am in London, but we might lose some of our best men there. George tells me that following our recommendations, we placed some of our [[underlined]] available funds in purchasing raw materials [[/underlined]] at prevailing low prices [[underlined]] instead [[/underlined]] of investing them in bonds. The 
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Gianque made an excellent impression. A striking yet modest personality. At the dinner I was placed at his right.
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Transcription Notes:
William F. Giauque won the Nobel Prize in Chemistry in 1949.