Document 2NJEYR2xR7X1bpZ9MYkwabjz5

New York, N.Y EOAP.D OF DIRECTORS JOTTING May 29, 1945 A meeting of the Board of Directors of the Lead Indus tries Association was held on Tuesday, May 29, 1945, at 1:40 P.U., at the Waldorf-Astoria Hotel, New York, N.Y. PRESENT C. H. Crane, Chairman Norman Hickman F. H. Brownell Clarence Glass J. H. Schaefer F. W. Rockwell F. F. Colcord PEPPESFNTING St. Josenh Lead Company American Metal Co. Ltd. American Smelting Refining Co. Anaconda Sales Co. Fthyl Corporation National Lead Co. United States Smelting Refining & Mining Co. Inc. OTHERS PRESENT A. H=nv:av Alpha Metals, Inc. Harold Shonberg Aloha Metals, Inc. J. L. Pancoast North American Smelting Co. I. H. Cornell St. Joseph Lead Co. F. V. Peters St. Joseph Lead Co. L. R. Peters ,--' T. G. tover -! i Western Flectric Co. Inc. Western Electric Co. Tnc. \ GU'FST v:. S. Robinson, Melbourne and London F. E. V/ormser, Secretary-Treasurer R. L. Piegfeld,Assistant Secretary The meeting was called to order with Mr. Clinton H.Crane in the chair. The minutes of the previous meeting of May 15, 1944 were approved. KFPOF.T OF THE TPEASURER The Treasurer presented a reDort of the expenditures from January 1 to April 30, 1945, which was approved, and is attached as Exhibit ,TA." In presenting this report, the Treasurer `stated that the Association had a cash balance of approximately $lp7,000 out of which the purchase of 7/8# Treasury Certificates of In debtedness of Series E-1946 in the sum of $100,000 had been or dered through the Chase National Bank in connection with the present war loan drive, the purchase to remain in the custody of the bank. LIA003C5 Board of Directors Meeting Minutes 2- - May 29, 1945 I APPOINTMENT OF EXECUTIVE COMMITTEE__________ ' The Chairman stated that it was in order to appoint an Executive Committee: WHEREUPON, with the consent of the Board, the Chairman appointed the following as members of the Executive Committee: Clinton H. Crane, Chairman F. H. Brownell ' F. F. Colcord L. E. Hanley F. W. Rockwell ELECTION OF OFFICERS The Chairman stated that it was in order to elect of ficers of the Lead Industries Association. WHEREUPON, the following nomirations were made, and there being no further nominations, the Secretary was instructed to cast one ballot for the election of these nominees and they were declared elected: Clinton H. -Crane, ^resident F. H. Erownell, Vice President F. V.T. Rockwell, Vice President F. E. Worrcser, Secretary and Treasurer EPETTQN WOODS The solicitation of the Eusiness and Industry Committee for Eretton Woods which was sent to members of the Eoard on May 25, 1945, was brought up and the Chairman pointed out that there was no unanimous support or even understanding of the Bretton Woods arrangement among the membershiu of the Lead Industries Associ ation so he felt the Association should not support this Committee. The Board of Directors concurred in this viewpoint. The meeting adjourned at 1:45 P.M. LIA003C6 3 m L 0 Board of Directors Meeting May 29, 1945 Exhibit A ORDINARY FUND FINANCIAL STATEMENT January 1 to April SO, 1945 Fbrniture, Fixtures A'Equipment Salaries Rent and Light Social Security Taxes Offioe Supplies Miscellaneous Traveling Expenses Association Dues Entertainment and Luncheons Telephone and Telegraph Books and Subscriptions Printing Mailing LEAD Illustrations Handbook - Medical Research ~ Contingencies Expenditures Jan* 1 to Apr. SO 11,021.28 1,469.88 115*84 278.92 647.12 1,258.76 125.83 202.85 295.11 193.12 645.07 2,282.89 79.16 - 20.00 2,000.00 Proposed 1945 Budget $ 300.00 35,000.00 4,500.00 750.00 1,250.00 750.00 3,600.00 350.00 500.00 1,250.00 350.00 500.00 1,500.00 9,800.00 200.00 -. 3,500.00 1,000.00 *65,000.00 Balance, Jan* 1, 1945 Reserves, Jan* 1, 1945 Handbook Medical Research $ 4,000.00 4,000.00 $20,522.66 8,000.00 Subscriptions: 1st half $32,199.00 Less: Outstanding subscriptions , 1,654.00 Prepayment of 1945 subscriptions Less: Disbursements Advances and deposits $20,535.83 1,625.00 30,545.00 565.50 Egging 22.160.83 Less: Reserves, May 1, 1945 Handbook Medical Research ' Cash balance, May 1, 1945 $ 4,000.00 4,000.00 8,000.00 $29,372.33 LI A00307 Board of Directors Meeting May 29, 1945 Exhibit A METALLIC LEAD PRODUCTS DIVISIOir FINANCIAL STATEMENT January 1 to April 30, 1945 Expenditures Jan. 1 to Apr* SO Salaries $1,950.00 Social Security Taxes 59.93 Traveling Expenses 1,669.05 FORUM 1,177.67 Conventions A Exhibits 361.00 Advertising and Advertising Production , 960.07 Printing - Mailing 62.12 Entertainment A Luncheons 59.20 Meetings 51.29 Association lXies 63.00 Office Supplies A Miso. $118.62 Telephone A Telegraph 15.32 131.94 Contingencies -- $,535/27 1945 Budge' $ 8,300.00 300.00 8,500.00 5,000.00 3,500.00 5,940.00 2,500.00 850.00 400.00 400.00 350.00 500.00 460.00 $37,000.00 Balance, Jan. 1, 1945 Subscriptions: 1st half Less: Outstanding subscriptions $14,640.50 437.75 $ 8,000.85 14,202.75 m, 263'. S6 Less: Disbursements Advancos Balance, May 1, 1945 $ 6,535.27 550.00 7,085.27 $15,118.53 8888888888 88 Board of Directors Meeting May 29, 194? RED LEAD DIVISION FINANCIAL STATEMENT January 1 to April SO, 1945 Exhibit A Expenditures Jan. 1 to Apr* 30 Salaries Social Security Taxes Traveling Expenses Telephone 4 Telegraph Entertainment 4 Luncheons Mailing Resoaroh and Research Materials Library and Library Research Publications Research Battelle Men. Inst. Office Supplies $12.91 Miscellaneous 7.84 Contingencies $3,100.00 109.28 394.12 49.27 51.22 108.94 70*06 9.79 80.80 2,197.53 20.75 ^Trrr.ss Proposed 1945 Budget $ 9,300.00 250.00 X1500*00 200.00 500.00 250.00 500.00 500.00 1,500.00 4,500.00 500.00 500.00 $20,000.00 Balance, Jan. 1, 1945 ~ Reserve for Battelle, Jan. 1 , 1945 = $ 6,689.48 5,000.00 $11,689.48 Subscriptions: 1st half $9,19&*00 Less; Outstanding subscriptions 236.25 8,955.75 ?*r,s45:2s Less: Disbursements Advances $6,171.56 200,00 6,371.56 Less: Reserve for Battelle, Apr, 1, 1945 Cash balance. May 1, 1945 5,000.00 $ 9,273.67 LIA00309 Z-u> Board of Directors Meeting May 29, 1945 Exhibit A AGRICULTURAL SERVICE DIVISION (Including Southern Division) .FINANCIAL STATEMENT January 1 to April 50, 1945 Heat, Rent and Ligfat Salaries Travel Expense Equipment, A. S. Cab. Film and Visual Aids Equipment, 4-H Awards, 4-H Entertainment and Lunoheons Printing Mailing Office Supplies and Equipment Telephone and Telegraph =. Conventions, Exhibits and Meetings Miscellaneous: Illustrations $ 6.74 Miscellaneous 205.17 Social Security Taxes Contingencies Expenditures Jan. 1 to Apr. 30 I 343.08 3,866.72 1,799.34 7,405.92 166.70 23.31 242.30 165.24 752.76 113.65 114.61 106.28 286.69 Proposed 1945 Revised Budget Approved 1945 Budget $ 700.00 $ 1,000.00 11,300,00 13,500.00 6,200.00 7,400.00 8,000.00 20,000.00 800.00 2,000.00 100,00 100.00 1,000.00 1,200.00 700.00 800.00 2,500.00 2,500.00 800.00 1,200.00 100.00 200.00 400.00 500.00 400.00 ~ 500.00 211.91 137.81 m t t st t so? 350.00 350.00 O30w0.t0w0 m 350.00 450.00 O30V0A/.0W0 5271555t g s Balanoe, Jan. 1, 1945 Subscriptions: Amer. Turp. Farmers Assn. Less: Outstanding subscription $4,500.00 2,500.00 $ 1,545.92 2,000.00 Members, 1st half Less: Outstanding subscriptions Less: Disbursements Advances Balance, May 1, 1945 $15,886.00 258.25 $15,736.32 l.lOOiOO 15.627i75 TTsynTM 16,836.32 $ 2,^37.55 l IA0031o I'vt )., / I Board of Directors Meeting May 29, 1945 Exhibit A n GENERAL FUND DIVISION FINANCIAL STATEMENT January 1 to Apr* SO, 1945 Rent A Light Salaries Social Security Taxes Office Supplies Miscellaneous Expenditures Jan. 1 to Apr. 50 $ 360.00 2,333.28 70.70 20.27 52.09 $2,836.5 4 Balance, Jan. 1, 1945 Subscriptions: 1st half Less: Outstanding subscriptions |14,654.00 427.00 99,978.55 14,227.00 114,205.56 Less: Disbursements Advances Balance, May 1, 1945 4 2,836.34 100.00 -------------- 2.936.34 fTIT,2Si`2T 4 LiA00311