Document 2LYgy116dGq0RkvyyJL2DyRL

LIA 205 36 \ 1 0 ora n n u a l h e e t iio t h e me mbe r s or LEAD INDUSTRIES AS80CIATIOI The annual meeting of the members of the Lead In dustries Association vas held at the Roosevelt Hotel, New York City, on Thursday, rehruaxy 25, ISIS, at 12:30 P. M. Present: American Metal Oo. Ltd. American Smelting A Refining Oo. Anaconda Lead Products Co. Bunker Hill and Sullivan Mining and Concentrating Co. Eagle-Pioher Lead Company Pederated Metals Oorp. Metals Refining Co. lational Lead Company Northwest Lead Company 8t. Joseph Lead Co. United Metals 8elllng Co. Tlnchester Repeating Arms Co. Ernest H. Hothorn E. A. Behr r. 0. Case A. r. Beasley R. M. Roosevelt 1. E. Maston BenJ. Llssberger Ivan Reltler P. E. Sprague V. C. Beschoraan r. I. Rockwell r. M.Smith Clinton H. Crane I. H. Cornell C. M. Chapin, Jr, J. A. McCarthy R. C. Swanton Secretary Represented by Proxy: P. E. Vormser R. L. Zlegfeld Bond Manufacturing Corp. Bunker Hill and 8ullivan Mining and Concentrating Co. El Potosi Mining Co. Evans Lead Company Federal Mining & Smelting Co. Fleck Brothers Company f. P. ruller A Co. Genera1 Lead Manufacturing Co. Glldden Company Hecla Mining Co. National Bearing Metals Corp. C. A. Tome S. A. Easton W. J. Qulgly R. M.Evans F. H. Brownell f. P. Brawner H. E. Cuido Adrian Joyce J. F. McCarthy J. B. Strauoh t )i Park Utah Consolidated Mines Co Rochester lead forks Tlntio Standard Mining Oo. lathan Trotter \ Co. United 8tates Smelting Refining and Mining Co. U8L Battery Oorp. 0. V. Lambourne B. 7. Ewell J. V. Wade W. T. Kewbold 7. T. Robertson A. A. MacLean President Clinton B. Crane occupied the ohair. The minutes of the previous annual meeting were approved. The Report of the President was read and approved as follows: Report of the President The value of oooperation for mutual benefit should be even more apparent in times of stress than with business on a steady keel. That this view seems to be widely held by our members is indicated by the small number of changes in our membership list as the Lead Industries Association enters into the fouxthyeear of its existenoe. There were two resigna tions (one oocpany no longer mining any lead) and four addi tions during 1931, leaving us at the end of the year with 38 companies represented in the Association, a gain of two. The work accomplished during 1631 le detailed in the Secretary's Report and is noteworthy as marking the be ginning of & program of educational work which has already given every indication of being valuable and necessary. It is significant thaw, despite the trend of the times, the Direotors have approved a modest increase in the Budget for 1933 in recognition of the value of our numerous activities. It is also gratifying to report that financially we are in a sound and comfortable position. Downward adjustments in the expense of conducting our affairs will insure accomplish ing more per dollar expended in 1932 than ever before. Although it is obvious that not every member oan derive personal benefit from every activity of the Lead In dustries Association, the scope of its work is wide enough to include something of deoided Interest to everyone. The L IA20538 suooess of the Association will d o largely measured by the extent to which It meets all the common problems that faoe tie In the production and consumption of lead. In thlc respeot I am pleased to report that the youngest of the nonferrous metal association la Baling substantial progreaa. President. -- The Secretary's report was read and apprtved as fallowst Report of the 8ecretarr The following Is a brief reeuae of the activities of the Lead Industries Asbo o latIon during 1631: (1) Statistics - The eucceaa attending publication of atatlatloa relating to scrap lead derived fros old storage batteries encouraged expansion of the service to Include secon dary lead production and stocks from all sources. liembers now have monthly information about the secondary lead situation which has not been available heretofore. Ve also began distributing statistics covering me tallic lead products such as pipe and sheet, further rounding the statistical picture of our industries. (2) Government Contacts - In continuation of our ef forts on behalf of members using the drawb&ok we attempted to procure a modification of a ruling by the Customs Bureau which curtailed the length of time the drawback might be used, the Bureau contending that the drawbaok period should run from the time ore, concentrates, or crude bullion is received at a bonded smelter, we contending it to run from the time the merchantable pig lead is withdrawn from bond. Although ws believe that the ruling of the Bureau might be upset by -Court action we felt it would be wisest to forego the expense of litigation, making the necessary Industrial adjustments in conformity with the Bureau's regulation. Ve sucoeeded in procuring an addition to the speci fications of the Supervising Architect of the Treasury Depart ment, permitting the use of lead-covered skylights in Government 2053^ Lift \ work. Incidentally, it Is al*.o noteworthy that hard lead la now a permissible Government material for all architectural aheet metal. The oonstant revision of plumbing cddea in the United State* it neoeesary for ua to keep in touch with the aituation in those citiea where revlaion may affeot our lntereata. Washington, D. C., haa been revising its ooda for the paat year and because of some trouble locally with lead pipe, which wo Investigated thoroughly, the continued use of our metal was questioned. I am pleased to report that as a result of our efforts the new Washington code will specify lead service pipe in the Lead Industries Association standard throughout. (3) Standardisation - Our experience in Washington, 0. C., indicated that the pipe sixes used by the trade have not been established with an eye to uniformity and sometimes led to an lncorreot seleotlon of pipe. Thus the more Impor tant grades (A, AA, AAA) of pips were not designed to with stand the same pressures regardless of diameter in their respective grades. To t example, a 1/2 in. AA pipe could hold a ouch greater pressure than a 1 in. AA pipe. More over, there were slight differences in weight of the same grades of pipe among manufacturers. The opportunity ap peared excellent to standardize all pipe sizes in the United States. Thus, with the cooperation of the lead pipe fabri cators a new set of standards was prepared based upon labora tory research into the creep strength of lead, research which showed that the constants generally used to design lead pipe and probably other products were Incorrect. The new standard was adopted on January 28, 1932. (4) Educational Aotlvltles - The book, `Useful In formation About Lead* appeared last summer and has had an extremely gratifying reception among architects, plumbers, engineers and others nationally and Internationally. Un solicited comment from some recipients of the books shows a real need for helpful data about our products. Our bulletin "Lead* has gradually grown in circu lation and In Influence, we believe. We have tried to oonflne its ^orients/tjb articles of timely significance and pr&otical value^to readers. It has helped to sell lead, view of the limited funds at our disposal to spend on educational work we have, In part, used the techni cal press to spread Information about lead. Artloles rep- LIA20540 resenting considerable study and of praotlosl value to users of lead products have been publlched. For example, a paper of ours in the fKIiiT VITAL S0P.KTR dceorlbed the proper methods for shielding X-ray apparatus In hospitals, another deaorlbed lead spandrels, another In DOMESTIC XXOIKERIIO discussed waterproofing with lead. Considering the great amount of publicity given to competitive non-ferrous metals our efforts seem small but even so I believe they are helping in establlshing much good will for lead. Te have contributed chapters to text books treating the subject of the lead industries, among other things, anu are almost constantly at work on some educational literature. Moreover, our publications have aroused a stream of Inquiries for assistance on lead problems that require considerable time to answer. The diversity of interest Is illustrated by the variety of subjeots covered in these Inquiries, rucb as vibration insulation, roofing and flashing, ornamental design, waterproofing, painting of bridges, houses and water tanks, lead burning, resistance to certain corrosive chemicals, properties of lead and its alloys, and other subjects too numerous to mention. We are also frequent ly asked to refer our correeponaejitg to manufacturers of var ious lesd products. To spread Information about the advantages of lead pipe for water services in comparison with competitive materlals, we published a mimeographed summary for distribution to consumers. Extra oopies have been furnished many members for their own purposes. The total circulation will be about 13,500. We expeot to publish a general booklet on lead pipe, to be profusely Illustrated and which will circulate among water works engineers, chemical engineers, plumbers and others, with a view to acquainting them with the merits of the product. This publication Is also Intended to help Introduce the nev lead pipe standards. Subsequently we propose to publish an informative booklet on sheet lead. (5) Teohnlcal Research - During 1631 the Bureau of Standards reported upon the results obtained from inepeotlon of the first series of pipe speolmens burled on behalf of the American Oas Association In a competitive test of pipe coat ings. Our entry In this test. It may be recalled, was red lead baked upon the pipe as a priming coat and then covered ! i ' ' | ; , I ( j . : LIA20541 with other material. The Bureau'a examination of oompetltlva speoimena of coated pipe that had been hurled about eight . montha shows that red lead gave an excellent account of lt- eelf, but It la too early to atate definitely what oonoluaiona vill finally be reached after aeveral bo re yeare of teat. Through the kindness of one Bember we were able to eupply aone lead foil to be ueed experimentally by the Texaa Company and the Gulf Oil Company for wrapping pipe linea subjeot to aoll oorroaion. The result of this experimental work will also have to wait the outoome of field experience for a year or more. We have interested the General Electrlo Company in undertaking some experimental work upon the properties of lea&*asbestos anti-vibration pads. (6) Medical Research - We have continued to support the researoh of Or. Aub and associates at Harvard College on lead poisoning - a natter of deep interest to us and to better understanding of which Or. Aub has already contributed such enlightenment. Our appropriation will carry the work to about the rail of 1932. (7) Miscellaneous - In an endeavor to correct misin formation considerable time was spent investigating several outbursts of anti-lead publicity relating to poisoning of in fante and others. Our welfare work has brought us in contact with the 0. S. Publlo Health Service, Hew York 8tate Depart ment of Labor. It should ultimately help to dispel much of the unwarranted prejudloe against some lead products. The manufacturers of lead pigments in the Lead In dustries Association, as a protection to the public, have ex pressed themselves as opposed to the shipment of lead produots in paper bags. In conclusion, may I express my deep appreciation for the unfailingly courteous and helpful oooperatlcn we have received from the members in the furtheranos of our work. Reepeotfully submitted, CY"- Secretary. The report on the audit of the account he Association as of December 31, 1931, by Hankins and Sells, was read by the Treasurer and eocepted, as follows: LIA20542 HASKINS & SELLS eCKTiriCO PUBLIC ACCOUNTANTS OrtrncicUaniintet**e C >'*** or O' Ami>c a (MM* f*M(l UiM.HH- .* Iw/'M Aw(B>w* Owt *NI MNIt'haUAU HI* *M CINTHAL VUB c a * itNfc r NEW YOUR January 18, 1932, Lead Industries Association, 423 Lexington Avenue, Hew York. Dear Sirsi : ffe havo audited your accounts for the year ended December 31, 1931, and submit the following exhibits! Kxhitit A - Balanoe Sheet, December 31, 1931 and 1930. B - Statement of Sash Kecelpts and Disburse ments for the Years .nded beoenber 31, 1931 and 1930. The cash on deposit was verified by certification obtained from the depositary, The Chase National Bank of t?io City of Hew York, and that on hand was counted. Net additions to fUrnituro and fixtures during the year amounted to 107.7b, represented by the exchange of a typewriter and the purchase cf a book case section. ' The amount due from members, $238,50, represents arrearages of 1931 assess ienta, less an overpayment in the amount of $1.75. The -edioal Heaooroh fund was exhausted during the year by the distribution to contributing members of a balance of $o57,00 which remained after current payments. LIA20543 Jlo effect haa been given In the book of aoocunt or in tJ ' aotapanyiiiR iixhlbit A to accrued expanses at Deoember 31, 1931, a; _ 19J. 3ubJeot to the foregoing, in our opinion the accompanying gihblts A and B Bet forth, respectively, the financial condition of the Association at December 31, 19.11 and 1930, and the cash receipts and 'iiaburaamenta of the Association for the yoars ended those dates. Yours truly, -* JU , U5" -o Ho effeot has boon given in the books of aooount or in the aoooapanyln Axhlblt A to aoarued expanse# at SeooRbsr 31, 1931, and I 1930. Subject to the foregoing, in our opinion the accompanying jSxhioJLta A and fl set forth, respectively, the financial condition of the Association at Deoeabor 31, 1931 and 1930, a;xi tho cash receipts and disbursements of the Association for the ye&n ended those dates. Tours truly, t i, t - l IA20545 ' '' 9 )* 9 o # i $ i ISreTJJES A^CIATICH W&7m SESTi %Ra3 31i.,l?31 ;jp, j?3Q________________ .....nscafflsR 31,.. ________________________________________________ mi__________mo s ft fi S.& CASH,....................................................................................................... IURKITUR2 AJtD mTURKl (at cost),......... ............................... DUS FROM 1C33S3S,........................... ................................................. til,975.55 $16,533.63 2,126.08 2,018.33 238,50650,50 TCTAD, 2 YJUL G..h-.r(AL AHT> UlDwli*'JTIMS iV'ufi,Sl*+,3M1,13 $17,377 JUDICAL RSSiAHCH iUVD,............................................................... .. ............................... 1.025 .00 TOTAL................... -........................ ttX,3U0,13 19,2*2 .46 KOTSi Ho effect has teen given In the books of aecount or In tills balance sheet to accrued expenses at Decenber 31, 1931 and 1930. k ------------------------------------------i ; I f i. i . : " -;"a LIA20546 - ... ' " ........... .. ' s- ,,raT .kiNT t* Oil K.X3I1T3 AID DI3W*>'A'iNTS jCH TTS >..'- TIP DISCUS 31. 1931 ASP 1930 TO ATJlib LCCCHAS 31, ____________________ 1931__________1930 3.xL IIC.S AT BTOIihNlNC 0/ Till IQCtH, .3AC -i Ll i"f i i'roia oeabersj A3se3saenta for prior year,............................................. Asse333enta for current year,................... Jubscrlptlons to iioilcal i\asaarch .-Uid,......... Interest on bank "balances,........................ .. Hook sales,...................................................................................... Total receipts,,........................ .. Total,................... 4l6.S33.63 j 650.50 36,676.75 3,832.00 128.46 106.86 >1.554.57 i55.128.20 jl2.303.02 $ 538.50 37,447.12 1,783.00 256.66 >0.027.28 >2.330.30 Expenses: Salaries............ ............... ............... J20,438.00 371,313.33 ^ent, light, uni water,...................................................... 2,450.31 2,437.53 irl.iticg,...................................................................................... 13,549.39 4,527,81 Traveling expenses,............................. 1,319.48 1,200.55 Telephcno and telegraph,................. ............. .. 479.07 513.61 Books and subscriptions,.......................... ............. 228.06 238.36 wtationer7 and office au-illea...................................... 420.39 2C5.31 o entertaining, luncheons,etc............................ ireislua o.n treasurer's bond........................... 75.60 30.00 253.66 30.00 axpon-ues of annual meeting,................. .......................... 147.17 47.60 Association duos,. 105.75 52.00 Technical research,................................... ................. 4CJ.06 625.00 professional oonrlcos,........ ................................. .. 97.69 148.54 .03 Ui t'H .................. .......................... 562.47 133.47 Tl^alliui<jOU3,i........................................................................ 74.20 123.t.O . Total,................ ................................... .. >0.360,90 >2.110.77 Cthart Harvard College, for nodical research,...,,..... 4 5,000.00' 4 3,500.00 'uruituro and fixtures,................................................ 107.75 165.90 iafuaisi A'esbership dues................................ 7.0 9 Subscriptions to lf.iic.-TL Research A,nd................ Total......... ........................ ................................... 5.7 71.75 ' 3 ,t e 5, 90 Total distant!-Bents,....,.. .'4o.152.65 i 3 3.7. C . C7 BaLa .TIS AT ,>;D u>" TiU T.l Jt Cn deposit (The Cha3e :itlo.nal Dank of the City of New York),............................................... ............................ *11,950.55 ;it,S08.63 Cn hand............................................................................................... 25.00________ 25,00 a '75.35 ,6 J tU^o5A7 v. The Chairman stated that it was in order to sleot direotors for the current year. The following list of names being put into nomina tion and there being no further nominations it was regularly moved and seconded that the Seoretary oast one ballot for the eleotion of the following as Directors: B. H. Zimmer, 7. P. H. M. Brush, 7. P. Stanly A. Easton, 7. P. R. M. Roosevelt, 7. P. R. M. Evans, 7. P. Ivan Reltler, 7. P. P. E. Sprague, 7. p, E. J. Cornish, Pres. O. W. Lamboume, Pres. I. E. Chollar, Asst, to Pres Clinton H. Crane, Pres. U. J. Dailey, Cenl. Mgr. J. A. McCarthy, V. P. A. A. MacLean, 7. P. P. T. Robertson, 7. P. American Metal Co. Ltd. American Smelting & Refining Co. Bunker Hill and Sullivan Mining and Concentrating Co* Eagle-Plcher Lead Oo* Evans Lead Co. Federated Metals Corp. Metals Refining Co. national Lead Co. Park Utah Consolidated Mines Co. Remington Arms Co. Ino. St. Joseph Lead Company 8ilver King Coalition Mines Co. United Metals Selling Co. AgentB, International Smelting Co. USL Eattery Corp. United States Smelting Refining and Mining Co. Motion carried. The Chairman opened the meeting for general discus sion and requested suggestions as to how the Association might lnorease its usefulness to members. One suggestion was mads that a monetary prize be offered for ideas as to new uses for lead. Another suggestion was made thAt the Association es tablish its own teoh.'.loal research facilities, oonoentrating *' o- > 1 tfSWfVU-***- 'fvf* LIA205^8 upon the development of new outlet* for lead and thereby doing what other Industrie* have found profitable along similar line*. The 8eoret*ry wa* dlreoted to investigate the oost of oonduoting teohnlc&l researoh by various ethod*. It was also suggested that the industry should work more closely together, in keeping informed of suoh development* throughout the country as, change* in plumbing codes, or other matters affecting the consumption of lead produots. The matter of carrying advertising in the pub11cation 'Lead* with the idea of Increasing its size or ef fectiveness without lnorease lr cost was discussed and it wa* informally agreed that it would defeat the purpose of the magazine. It was also Informally agreed that a list of the members of the Association be published in "Lead* annually. The meeting adjourned at 2:30 P. X. PreBident Seoretary.