Additional memo from Mr. Gumbinner 16 Speidel

Louis  Esposito was hired as the financial vice president.  He, Cohen and Mike Vasaliko (one of Fred Hozeny’s assistants) formed a company and set up a plant in Mount  Vernon which copied the Polychrome tank line. We hired a lawyer Jerry Wanshell to get an injunction against them. He was not successful.  Poychrome acquired a company in Fernwood Penn., a suburb of Philadelphia which made blueprint, brown print and diazo coated papers similar to Ozalid.  The directors were Ellington Beavers, who had been a vice president of Rohm and Hass, General LeBron, and Bruce Baldwin,  who had been an officer of a Philadelphia ice cream company  and was one of the managers of the agency that ran the housing development group. I do not remember the names of the Speidel president and vice-president.  One of their directors, Bruce Baldwin., Mr. Halpern put on the Board of directors of Polychrome.