Document 10e1MRMJn8N3k0qdn13OMaoL5

BOARD OF DIRECTORS MEETING New York, N. Y. January 9, 1934. A meeting of the Board of Directors of the Lead Industries Association was held on Tuesday, January 9, 1934, at 3:00 P. M. at the Board Room of the National Lead Company, 111 Broadway, New York City. Present Representing Clinton H. Crane, Chairman B. N. Zimmer Charles Earl E. L. Newhcuse, Jr. Frederick Laist W. E. Maston R. M. Roosevelt A. D. Joyce W. C. Be8chorraan 0. N. Friendly W. Y. C. Hunt I. H. Cornell J. A. McCarthy F. S. Mulock A. A. MacLean St. Joseph Lead Company American Metal Co. Ltd. American Smelting & Refining Co, H n ii n n Anaconda Copper Mining Co; Eagle-Picher Lead Co. n it nn The Glidden Co. National Lead Co. Park Utah Consolidated Mines Co Reynolds Metals Co st. Joseph Lead Co. United Metals Selling Co. United States Smelting Refining and Mining Co. Inc. USL Battery Corp. F. E. Wormser, Secretary. Mr. Crane occupied the chair. The Chairman reviewed the progress that had been made in preparing a Code of Fair Competition and stated that the Code was close to approval by the National Recovery Ad ministration. He stated that a letter had been received from the Recovery Administration, requesting some additional documents as per the following communication, dated January 8, 1934: "In anticipation of laying your code before the President for approval it is necessary that the following additional documents be available on letter sized paper (8 X 10^) to accompany your code: LIA00115  6 SIGNED copies of the Resolutions or minutes of the Meeting authorizing the presentation of the code. "6 CERTIFIED copies of the Constitution and By Laws of the Association. "We regret the necessity of asking for these additional documents and trust that they may be forwarded to us without delay. "Thank you for your continued cooperation in the work of the National Recovery Administration." In response to the request from the National Recovery Administration embodied in the above letter, the following resolution was presented: RESOLVED THAT the submission to the National Recovery Administration of the Proposed Code of Fair Competition for the Lead Industries by the Secretary on August 1, 1933, as author ized in the Minutes of the Executive Committee Meeting in New York City on July 33, 1933, and the successive submission of revised drafts of said Code dated November 25, 1933 and December 8, 1933 respectively, together with the sub mission of the draft of said Code "dated December 13, 1933 for presentation at a public hearing, together with the post-hearing revised draft-of January 6, 1934, be hereby approved and BE IT FURTHER RESOLVED THAT the President and Secretary have been and are authorized to treat with the Administration in the conduct of the . negotiations with the National Recovery Admini stration for the approval of a Code of Fair Competition for the Lead Industries. ** Carried. Mr. Roosevelt, not voting, explained that in order to protect the position of certain Tri-State enterprises affected by the Lead Code, it was necessary for him to reserve the right to petition the Recovery Administration for relief from certain labor provisions. Mr. Zimmer did not vote, being in disagreement with cer tain features of the Code. LI A0011f In anticipating approval of the Code, the Chairman felt that the Board might well consider the composition of the Code Authority, as provided for in the Proposed Code, so that all Divisions would have equitablerepresentation on the Code Authority. It was finally agreed that a Code Authority com posed as follows would be representative: MINING DIVISION Mr. C. H. Crane Executive Committee representing Missouri. 1 from Idaho to be elected) 1 Division Chair man. 1 from Utah to be elected) 1 Executive Com mittee. SMELTING AND HEFINING DIVISION Mr. F. H. Brownell Mr. J. A. McCarthy Executive Committee Division Chair man . PIGMENTS DIVISION Mr. F. M. Carter ) ) Mr. R. M. Roosevelt) Executive Committee or Division Chairman. METALLIC LEAD PRODUCTS DIVISION Mr . P. E. Sprague Division Chairman. FOIL DIVISION Mr. . Y. C. Hunt ******** Division`Chairman Mr. F. Y. Robertson Executive Committee. The Chairman called the attention of the Board to the provision which would have to be made for the financing of the Code Authority's expenses and felt that the best basis on which to make assessments was a man-shift basis for each Division. It was regularly moved, seconded and carried, that the Board of Directors adopt a man-shift basis for apportioning the expenses of conducting the Code Authority of the Lead Industries, when, as and if it became necessary. As a matter of record, the Treasurer distributed state ments showing the financial position of the Lead Industries Association on January 1, 1934. / The meeting adjourned aV_4:15 P.M. i 'Sg&rei ary. L I A C 0117 rectors' V.pc-tin T -1" ' "'rr^crippfic " TDQp'T' anunr" .January o 1934 7^ Cash, on Hand and in Hank, January 1, 1377 -ece 1 ~ts ?1P, 164. <14 Mnbprshin contributions, 193? Membershin Contributions, 1933 Con*ributions ?ic in Advance ^ 1 -- y i h> > I? <u * v\ V-roCr ,Tr> c v***- 1 ^ *1 utstanding Con.tr: but ions Q T n"*-crC5<?t $ 54.00 41P.75 : 36,393.7 5 196.75 511.50 1,005.P5 3 c 73K c; n 0(1 Jt '.1/ t i-J ?9.55 Hook Sales 1P.35 ?,nT,:r rTT0Tr`,",DT^ ?35,4f-7.49 mOTA 1 347,591.84 E istnrserr.ents Furniture. Salarics Fixtures -rb rcu ' ament Pent and Eiaht f ` cc -xnc,n.sc xisco T^ptve1 t x"0^ncc? Telennone and Telegrarh Hooks and Subscrirbi :ns Printing Mailing Illustration Ad vpr. ces Technics 1 Pesesrch 3765.45 c 1,070.09 1,605.45 1 nap 40 C* -]L7,. Q *. A1,099. O'7 ?36.01 5,364.60 ?,869.44 ?37.41 50.00 14.00 m0T* L n SBUF.SFMFNTS 36,757.36 Cash on Hand and in Bank, January 1, 1934 10.834.45 47,591.54 LUcoiu nA