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by my Company of an amount equivalent to three months Cheet-

ham salary (amply covering the period during which the small

remaining cargo ez this vessel is being sold).

If "hostilities" continue: The Hongkong people apparently wish to

use Cheetham's resignation to force us and the Texas Company into consenting to accept their own terms, believing that this fruit,

which they have done so little to deserve, will fall into their

lap.

However, they quite overlook the little, but effective, point that clause 4 of our present Agreement absolutely stops them to at any time hereafter "whether this agreement is still in

force or not"

"attempt or consent to acquire or to accept for

themselves or others the agency or subagency of the Texas Company

and its business, nor will they cause or assiet others to acquire

it, nor shall they be in any way interested therein" without my

Company's consent in writing!

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Do Reise (Hongkong) really believe that they will succeed in forging my Company

all the oircumstances

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the very thought of it is indeed wicked in

and do they expect to escape heavy and

exemplary damages in case they actually broke this clause ? The

only excuse to me for an attitude of this kind is that the war, with its demoralizing effect upon some human minde, hes temporarily incapacitated these people of high integrity and reputation to dis- oriminate between what is right and wrong in commercial intercourse.

At any rate, I for one am absolutely determined to rather

lose with Reiss this business (which they dare not continue without

us) than give way to such unfair and humiliating demends; and I feel

sure that my partner Mr. Carroll will thick likewise.

You will of course understand that, what I write in re-

gard to what is possible or not possible of attainment, is not mere hypothesis of my own, but that I have gained these convictions (not

mere opinions) from my many informal conversations with more than

one of the gentlemen of the Texaco whom I meet almost daily. In

fact, I have already told one of them unofficially and quite off-

handishly, because I cannot bring myself to put forward a demand so

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