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- ;m iw-tw. Li^0719 ANNUAL MEETING OF THE MEM. I-ERG "CF ?h e LEAD Vm USTME3'~ACf0CIATI0M New York, K.Y May 29, 1946 The annual meeting of the members of the Lead Indus tries Association was held on Tuesday, Kay E9, 1945, at 12:60 P.M. at the Waldorf-Astoria Hotel, New York, H.Y. PPESENT REPRESENTING W. A. Hennay Harold Shonberg Norman Hickman F. H. Brownell Clarence Glass J. H. Schaefer F. W. Bockwell J. L. Pancoast I. H. Cornell C. H. Crane E. V. Peters F. F. Colcord L. R. Peters T. G. Stover Alpha Metals, Inc. Alpha Metals, Inc. American Metal Co. Ltd. American Smelting 4 Refining Co. International Smelting 4 Refining Co. Anaconda Sales Co., agents Ethyl Corporation National Lead Co. North American Smelting Co. St. Joseph Lead Co. St. Joseph Lead Co. St. Joseph Lead Co. United States Smelting Refining 4 Mining Co. Inc. Western Electric Cc. Inc. Western Electric Co. Inc. GUEST William S. Robinson, London and Melbourne F. E. Woraser, Secretary-Treasurer R. L. Ziegfeld, Assistant Secretary REPRESENTED e y p r o x y Bunker Hill & Sullivan Mining & Concentrating Co. Chief Consolidated Mining Co. Crown Metal Co. Dcyrock Mining Co. Dickson Weatherproof Nail Co. Division Lead Co. Eagle Picher Co. Federal Mining & Smelting Co. General Lead Co. Hammond Lead Products Inc. Hecla Mining Co. Imperial Type Metal Co. Johnston Tin Foil k Metal Co. John R. MacGregor Lead Co. Metals Refining Co. Mike Horse lining k Milling Co. New Pnrk Mining Co. Northwest Lead Co. Fark Utah Consolidated Vines Co River Smelting 4 F-'fining Co. Rochester Lead Works, Inc. Shattuck Denn Mining Corp. Sherman Lead Co. Sherwin-Williams Co. Silver King Coalition Mines Co. Silverstein k Pinsof, Inc. Standard Rolling Mills, Inc. Tamarack k Custer Consolidated Mining Co. Tintic Stnndard Mining Co. United American Metals Corp. Victory White Metal Co. Hyman vlener k Sons Vulcan Lead Co. Wensley Metal Products Co. LIA20720 Annual Meeting Minutes Kay 99, 1945 -2- lir. Crane occupied the chair. The minutes of the previous meeting held on May 15, 1944, were approved. F.FPORT OF SECF.ETART AMD TREASURER The Report of the Secretary was approved and is at tached as Exhibit "A." In submitting his report, the Secretary made a few ex temporaneous remarks referring to events that had transpired since the period covered by his report. He referred particu larly to the Association's activities in opposition to the ex* tentlon of the Reciprocal Trade Agreements Act and the Federal Trade Commission case against the rhite lead manufacturers to which the Association is not a party but the decision on which will have great bearing on all industries using the basing point system. He also told of the medical investigations which throw doubt on diagnoses of lead poisoning in children which the Association has been conducting, including arrangements with the Children's Hospital in Eoston and Johns-Hopkins In Baltimore. He pointed out that since arrangements have been made with these hospitals to investigate further cases of lead poisoning in children, no cases had arisen. The members might draw their own conclusions from this. He also said that this investi gation is continuing. In concluding, he thanked the members for the prompt and effective assistance he had invariably re ceived from them in all Association activities. The report on the audit of the accounts of the Associ ation as of December 51, 1944, by Raskins and Sells, ras read by the Treasurer and accepted. It is attached as Exhibit rB." RFPOP.T OF THE PRESIDEKT The President then made a brief report stating that the Association had been formed with one of its objectives to pro mote the sale of lead and lead products. During the war this had been difficult as there was not enough lead for every demand. He also stated that a purpose of the Association was to protect the industry from attack. In addition, the Association had per formed an invaluable service in providing statistics to the Washington authorities quicker than they could collect them them selves. He went on to say that the Washington contacts of the Association, both among the war agencies and in Congress, had been invaluable. He felt that in the future, the Association should be more aggressive from the health angle and Instead of sitting back to defend itself, it should perhaps educate the pub lic. He concluded his remarks by saying that he felt the lead industry, representing miners, smelters, refiners and manufacturers as it does, had more strength than many other industry associ ations differently organized and that the arran.-ement had worked ha; -'lly for all concerned. Annual Masting Minutes May 9, 1945 3- - FLECTION OF EOARD OF DIRECTORS A quorum being present. In person or by proxy, the fol lowing directors were duly nominated, and there being no other nominations, and all nominees being eligible, the following were unanimously elected Directors of the Lead Industries Association for the ensuing year. REPRESENTING B. N. Zinner, Vice President F. H. Brownell, Chairman of the Board S. A. Easton, President A. E. Eendelari J. H. Schaefer, Vice President E. L. Newhouse, Jr., President L. E. Hanley, President ?. E. Sprague, Vice President Clarence Glass, <Tice President F. TT. Rockwell, President 0. N- Friendly, Vice President C. H. Crane, President James Ivers, Vice President J. W. TTade, President F. F. Colcord, Vice President The American Metal Co. Ltd. American Sneltlng & Refining Co. Bunker Hill & Sullivan Mining S: Concentrating Co. Eagle-Picher Co. Ethyl Corp. Federated Metals Division American Sneltlng & Refining Co. Hecla Uining Co. Glidden Co. International Smelting & Refining Co., Anaconda Sales Co., Agents National Lead Co. Park Utah Consolidated Mines Co. St. Joseph Lead Co. Silver Ring Coalition Mines Co. Tintlc Standard Mining Co. United States Smelting Refining Sc Mining Co. Inc. REMARKS OF MR. ROBINSON The President introduced a good friend of the American lead industry, Ur. William S. Robinson, of London and Melbourne. Mr. Robinson prefaced his remarks by saying that the vic torious cessation of organized hostilities in Europe gave him an opportunity of expressing the admiration and gratitude of all. British people for the courage and efficiency of the American forces. He also desired once more to express and emphasize his appreciation of the friendship he had always received on his many visits to the United States, and to acknowledge with grateful thanks the help America has given to the Australian lead industry. He hoped It was understood that the Australian lead industry was anxious to reciprocate to the fullest possible extent and added that he hoped that when the Japanese had been eliminated, and elimi nated they certainly would be, representatives of the American lead Industry would visit Australia, where they would find the Australian i i ! i Annual Meeting Minutej -4- May 3, 1945 mines and plants open to them. Mr. Robinson said that during the war his work In the metal Industries had principally been devoted firstly to see ing that there was sufficient lead and zinc for the armed forces and that building up of'surplus and unnecessary stocks of metal wwe avoided. In the case of lead, he felt that while there had been anxious moments, the British had throughout gotten sufficient lead for the prosecution of the war and there was no threat of any undue accumulation of stocks. The British officials in charge of this metal should certainly be commended for their work. He felt sure that the Control in America had done a similarly good Job. As to the future of the lead Industry, Mr. Robinson said that he felt that most of those present, being younger than he, were better able to Judge than himself. The future of lead, of course, depended largely on prices. He felt that a continuance of existing world prices would develop the lead industry further in Australia. Present output wa3 adversely affected by the man power shortage, and shortages of coal, coke, water and trans portation. Production had dropped from 00,000 to about 150,000 long tons a year. Recovery depended In the main on increased manpower, but with the demands of the armed forces still very pressing, he saw no immediate change of a material Increase In Australian production. He felt, however, that the lead Industry can look forward to an excellent future. The meeting adjourned at 1;40 P.M. D Q Secretary tnnn*m* LIA20723 j *' j i 1t! I i iii I iBmitl Meeting REPORT OR THE SECRETATT Exhibit "A* Kay 29, 1945 Suroarltlnr the Aetlvltlea of 1;?? ' Lead Inducl rir A.!coolatloa for tnc star 1944 ' " gVRgRSpiP At the end of 1944, the tixteenth year In It* exlatenoe, wanberahlp la the load Induttriet Atavolatloe eouprited &5 eonpaniti of whloh four aro at tool ate wewbert. The following ara tho newly elootod wenbe re i Sunthlne Mining Co. , Takiaa, Waah. ftynan Vloaor A Sont, Richmond, Vu fdeetern Elootrlo Co. Ino., lev Tort, B.T. Relmtatewent Admitted la Jan. 1948 Aaaoolata * A eowplete Hat of nonbe ra la attached. It la gratifying to obterve that the Aaaoolatioa continuea lta atecdy growth. La war and In peace wenberthip In the Aiacelatlon hat proren a valuable aaaet both to producer! ar.d conaunera of lead. Through lta ooaprehenaive lnduatrlal oover ego tho At tooletIon la able to aet for the entire lead lnduttry with a far sore ln> fluentlal roloe than would be tha cate If the nemberthip were aeparated Into branch attoolatlooi, each with a woloe of lta own* Sooa thought vaa given during the year to enlleting tha eupport of the mailer wining eompanlca, thote apt to be lnteraittcnt produoera and, therefore. In no pot It ion to attune the retponalbillty of regular mberahlp. It la hoped that aatae oarefully worked out plan will be developed before long atlll further to widen lta toope among aaall enterprlaea. STATISTICS The etatlatloal eervicce of the Aasoeletlon continue to be of Inestimable utefulneas particularly to Govcrrxaont war agenoiea suoh aa tho War Production Board, aa wo 11 aa to tho lead lnduttry it to If, Proa tine to tlmo roquettt havo boon reoclved for tho preparation of tpoolal reporta for tho War Production Board. All the roquoita have been genorally granted in the lntereatt of tha war affort and the War Production Board haa repeatedly expreaaed lta appraolatlon of our oooperatlon. It la a aouroe of oonalderable regret that we have had to requeat our mombert. In tho face of ourrent nanpowor ahortagea, to undertake aoete of thoae apodal atatiatlcal compilation!, but wo have only done ao after the urgenoy of the appeal waa thoroughly reeopiitod. May I aey, too, that tho roporta which Iwve been gathered through the faollltlea of tho Lead Induatrlea Aitociation aro generally circulated to our wenberi, tha only roatrlotioa being thoao apuolal reporta that lnvolvo tha oolleetlon of individual confidential atatiatioa only intended to be revealed to tho Oovomnint. In ary ovent, roporting Doabert havo alwoyt rcooivod aowe oatpioted report In return tor the atatittloa they have Airnlehed to the } i ; j ! ( f j j N 2387.01 wiwj>w -a--wen a3|L''lwwjl!WiygppWHin I3WI<IHM '* lip I*1 *\ Annual Meeting 2 May 29, 1948 CT3 Association whereas reports they havu made to the Government do Dot always result In the publication of report* to Industry. Study Is bale; mad# of the newer statistics! wart In* sanrios* of the A*toola tlon with a view to preserving and eontlrulng thoe* that hare proven toit useful * during the reooirveriion and postwar period when theit statistics will be equally valuable. If we reoelve the eontlnuod cooperation of non nsaber oostpa&lss - and I i think we shall - there li no reason why the now reports, particularly the monthly analysis of lesd consumption, o&n not be kept up. Incidentally, we are discontinuing, whenever possible those statistical ssnrloes that are no longer needed. WASHDKJTOff ACTIVITIES The Association has given priority to the war effort and has endeavored to keep In olose touch with all war agendo* centering In Washington dealing with or affeotlng th* load Industry. In addition, the Association has not neglected to keep representative* in Congress Informed fren time to tin* about th* lead industry and its problem*. Occasionally ths President, soccmpanled by th* Secretary, of the Associa tion have Bad# visits to Washington on behalf of our Industry* I aa pleased to report that Congress pasted the Stockpiling Bill during 1944, in which our industry was deeply interested, and that the stockpiling legisla tion, together with th* faot that the Aray and *avy l>re axpeoted to acquire lar^ military stockpile* of load in the postwar period, should effectively dispose of the stockpiling problem for many years to ocoo. So far flung are the Interests of th* lesd Industry that it Is desirable and neoessary at all times for u* to cooperate with cany Government department* and bureaus beyond those established for th* war emergency. Tho War Department, Kavy, i Stata, Maritime Commission, Cocswroe, Veteran# Administration, Bureau of Wines, C.S. .hiblto Health Sorrlee, Offloo of Education, War Manpower Commission and Causing Administration are only a few representative examples. Hwr that tho fbderul Govern ment plays suoh an important rol# in every day life with many decisions affeotlng our industry emanating iron Washington this situation is expected to continue indefinitely. ITA? B7LLTTIBS We continued to publish our series of war bulletins to furnish members promptly with oopie# of Government orders directly affecting lead and it# uses. FEDERAL TRADE COaflSSlCW WHITE LEAD IKVSSTIGATIOH Ths Fbderal Trade Commission Issued a oosplalnt against most of th* members of th# white lead Industry In Dockot 6253, oharglng the Industry with oonspiraey and seeking to ohenge the tone-delivered prlo* basis on whloh white lead ha* boon sold fbr many years. In the course of its prellsdnary Investigation the Federal Trad* Commission mad# an exhaustive examination of th# Lead Industrie* Association's records and the Association is not named as a respondent in the ocmplaint. This 1* not strange a* the faoilitles of the Assoolation have not been used for any alleged oonsplraoy, and the Association haa never dealt with prloes of it* produots. Th* oss* Is on* of deep jxibllo Interest In Its relstlon to the ecntlnued us* of basing points and delivered prlooe In selling merchandise In tho Dnlted State*. Preliminary hearings began In Washington on May 16th before th# Fbderal Trade Cconlsslon and are expeoted to oontlmie for an extended period of time, Ho early deolalon In tha oat* la looked for. -stvy- ut --jw w w wmmn.w'W" LI A2 0725 ***** i Annul 1 Meeting May 29, 1946 fRCMOTIOKAL ACTIVITIES because of the war tome of our promotional activities wsrw ereetly curtailed whereat other! wore carried on t usual. WEFTS LEAD iROTRJfi.' - On account of tho unsatisfactory oondltlon of tho exterior paint market with relntTcn to prospective supplies of llntoed oil, white lead, containers ini labor, tho white load advertising program of the Association waa suspended during 1944, Funds sootaiulated during 1944 here'been set aside as a resenro for postwar uso. Tho Vocational ATloulturol work, an auxiliary effort of oar White load Progras, being dosignod to supplement our eoneumor advertising, was oarriod on at a slightly reduood sealo, It has net with an extraordinarily fino roooption srhororor triod. A dotallod report has boon furnished all subsorlbers to that progre*. RED LEAD IROGHAM - Our Red Lead Pro gran continued during tha year* I an pleased to report' that this cooperative program has resulted in developing greatly improved formulations for marine application as priming oocts with red lead as a baas* De tailed reports have also beer, supplied sponsors. A large amount of work still re mains to be done and ia being ears fully planned to make sure that red lead reoeives proper rooognitlon as the beet paint on stool lr. the postwar period in the llit of prospective competition. METALLIC LEAD HiOXCTS r^OOEAM - This is an important program beoause to many applloations of load in the building field depend upon municipal, oounty or state building ordinancee. Eternal vlgilanoe it required to see that lead products are given proper consideration in those regulation*. A detailed aocount of the work done during 1944 hat been distributed to the sponsors of tho program. I think it is fair to state that this program, fraa its inception, has more than Justified its oost and that in the postwar period it will be core important than ever, as normal eonpetlve relationahlps are restored and lead meets intonslve competition from newer products in the chordcel and building fields. Consideration has been giver, by tho members of on enlarged program to include other activities whloh will holp to expand tho markot for load in the ohenieal field particularly. Our magatlno, PUTUHEP.S' LEAD P0E.U11, continues to hevo an oxocllcnt roooption generating a largo amount of interesting oorrospondenoo and also being roprlntcd, in part,ococsionnlly. As with all our publications, wo hnvo invariably used only original material gathered through tho fuollitlo* of tho Association and prepared by it. GENERAL PFCKOTIC1?.' WC'-J. - Our naratine, IFJD, continued at SI,600 ooples per issues It being felt that this was a project which eould be carried on d'trlng the war as well as in peeoe. It Is a source of considerable satleftotion that every issue genorally carries something of interest to oithor technical or industrial magasinof whloh has boon repriirtod by then. It It proposed to contlnuo tho publication of LEAD. Thoro is no question but what LEAD has not only generated good will for our motal but has actually orcatcd now Jobs* LEAD IVFORMAT 101 BDIUTIM - As a trial wo began ths publication of an Inforemtlon bulletin tor our members, feeling that some of tho teohr.ical and business Informa tion crossing our desk might be oondensed to give meuberc drta about uses of lead and related topioe they might otherwise fail to note. This venture has been to wall reooivod that we plan to continue it indefinitely. Tho bulletins are published at irregular lntorrals do ponding upon tho timollnoss of tho information and Its volume. Annual Meeting 4- May 29, 1H8 l eas Hroicnt m> sjLnmr Ho hot o continued to publish Air Lesd fyglena And Safety Bulletins, which not only endeavor to provide guldar.oe to ourrent literature on tho subject, but a 1o (It * tho results of tpoolAl investigations of the Association* In this connection tho Association bo* boon Baking on Important lnr*rt1 gtion of tbo olio god high inclder.ce of lead polooning among children along tho Eastern aoaboard, a* roported in newspaper* and medical literature. (Xir studio oart oonaldoreble doubt upon tho gcnulnonea* of Bony cases. A progress report of our findings waa nado in Load fygleno and Safety Bulletin So. 40, datod Dooomber 8, 1944* Kith tha approral of tho Executive Coor.ltteo wo hoeo arranged to finance a program of reaoaroh at the Children's Hospital in Boston, which would teek to obtain laboratory confirmation of many alleged eases of lead poisoning and to explore the subject thoroughly. The indiscriminate use of the I-ruy as a short out in determin ing lead poisoning in ohlldrcn, without laboratory confirmation, appears to bo tha root of tho problem. In addition, we are assisting Johns-Hopkins Medical Sohool in examining tho subjeot of lead shadows in bonos as o&used by numerous chemical ooeapounda, to shed further light on this important question* Ko problem faolng the lead industry appears to me more important than the public and private attitude toward lead because of its toxio qualities. The 'ver present anxiety, mort of it needless, about old and new produots of lead, is of strlous concern to the industry* He are giving nuoh thought currently to sotting up a program more ooaprohonslve than ary in which the Association has alroady engaged, to help bring about a bettor attitude on the part of the dootors and the publlo on lead in line with tho facts. coscuTSiar Tho load Industry oan bo proud of its rcoord in tha war. Jforo it not for tho Insurmountable difficulties presontod by a shortago of mar.power, tho lead industry oould h-ve gone through the entire ear period with little or no attention from tha Government so far as adequate supplies were concerned. It is to be anticipated, when the lead iltuatlon becomes easier and lead supplies r.ssumo their pesoetloo volume thst sore Industries, suoh as the cable industry, which hsvo boon donled lead to the extent required for furnishing improved power and tolcphono faollitlos, will use large amounts of the metal In postwar plans. Other industries, suoh as the white lead Industry, which have been injured by restrictions imposed during the war will have a difficult task to restore thoir markets to their prevfar or earlier position* The Lead Industries Association is dosigned to help thoso load products whore tho oompctltiro struggle is koonost* Cbo of tho ^eat advantages that tho Load Industries Association possesses is the faot that, being ooapoaed of mining, smelting and refining, and manufacturing companies It obtains a broad perspeotive of the problems faoed by tho entire industry and can marshall the resources of tho entire Industry to oorreot any unhealthy dona tion. This is exemplified not only by tho work tho Association doos in legislative ratters but also in its promotional work. I think that mining companies more and more are realising that a continued strong demand for their metal, in the light of tlie strong oonpetitlon It faoes from nary directions, depends upon sojrd promotion. Annual Meeting - 6. May 29, 1946 Manufacturers are often In the position of being able to substitute one aetal or notarial for another and need encourage sent by raw material produoors la helping with the marketing of their produot. In oonoluslco I would like to t oho sy statement of last year that the future of lead appears especially brltfit. We hare no conversion problem* of , accent and the demand for the aetal In postwar days precises to bo good Rospeotfully submitted, Vyvt/QSeoretary. Ja i h u p***** n<w y LIA20728 MEMBERS 0T l'HE LEAD INDUSTRIES ASSOCIATION May* 1946 i1 VJ 3 Alpha Metal*, lno. Th* As<rlean Metal Co. Ltd* JfJ Eudoa Are* 61 troedway Erfis i: l:l American Srieltlng A Refining Co* Bunker Hill A Sullivan Mining A 120 Broadway New York 6* S*Y* Ccnoentrating Co. C*r.'rid,~ 5~.eltlr.g Co* Cnief Co m ciliated Mining Co* 100 Ptolfle St* Kellogg, Idaho Cambridge, Mas*. Eureka, Utah Crown Metal Co, 11T-9 &* Washington St* Milwaukee 4* Bit* Dayrock Lining Co. Dickson Leatherproof 1*11 Co* P.0, Box 690 Wallace, Idaho Evanston 4* 111* Dtvicioa Load Co* T.-.o Eoglo-Pleher Co. *T i LI oo trio Auto-Lito Co* Ethyl Corp* Eicton Load Co* (The Gllddon Co*) 63? W. Klr.il* St* African Eldg* P.0. Box $31 *05 Lexington Are* 600 Pena Are. Chicago 22* 111* Cincinnati 1. Ohio Toledo 1, Ohio Sew York 17, 3.Y. Scranton S, Pa* E-on* Load Division (National Load Co*) P.0, box 1467 Charleston 26* V.Ve* Bvnr.s Petal Co* P.O.Box 97,Ho.Sid* Branch Atlanta, 0. Federal Mining A Smelting Co* Fedor*tod Metals Ctrl*ion of 120 Broadway Vow York 6* B*Y* Anerioan bolting A Refining Co* The Firestone Tire A Rubber Co* Tho Flan Load Co.* Lno* W.P. Fullor A Co. Gardiner Hotel Co* General Load Manufacturing Co* 120 Broadway Vow York 5, H.Y. Box F, Firestone Park Akron 17, Ohio Bradley Aro.A School St* Long Island City Ljr.E S"O"I Visson S"t. San TrancUep 18,Calif* 4520 S. Connboll Avo* Chicago 32. 111. 2132 Haricot St. Donver 2, Colo* Col denith Bros .Smcl ting A Rofining Co* 66 E. Kaehington St* Hammond Land Product* lno* First Trust Bldg* Eocla Lining Co* Horculo* Mining Co* Hudson Saolting A Rofining Co* 65-95 Hyatt Are* Imperial Typo Botal Co* 6400 Aro&lngo Are* Chioago 2, 111* Hnusiond, Ind. Wallaeo, Idaho Kallaoc, Idaho Newark 5, N*J Philadelphia 64, Pa, International Smelting A Ref* Co* (Anaconda Solos Co* J.gents) 26 Broadway Now York 4, H.Y. Tho Johnston Tin Foil A Metal Co* 6016-6120 5* Brocdwny St. Louis 11, Mo* Kahn Brother* 755 Humboldt St. Brooklyn 22, H*Y* Tho Kansas City Saolting A Mfg. Co* The Lowin Lethe* Corp* 2215-23 Guinotto St. Chouteau at 12th Kansas City 1. Uo* St * Louls ,, Lo * John H. MacGregor Load Co* 4520 W. 15th St. Chicago 26, 111* Metal* Refining Co*(The Cliddea Co*) Haonond, Ind, Vika Hors* Mining A Milling Co* 620 Power Bldg* Helena, Mont* Rational Lead Co* Nei? Park Mining Co* 111 Broadway New York 6, B.T* Keetloy, Utah Berth American Smelting Co* lno* Edgomont A Tioga Sts. Philtdelphla 64, ft* Northwest Lead Co* Park Utah Consolidated Mine* Co* Pittsburgh Vhlte Metal Co* Reynolds Metals Co* River Saolting A Refining Co* 2700-lOth At #., S.W. Continental Bank Bldg* 254 Hamilton Are* Reynold* Metal* Bldg. 4156 Bradloy Road Seattle 4, Wash* Salt Lake City 1, Utah Erooklyn SI, B.Y* Richmond 19, Va* Clevolc.nd 1* Ohio Rochoster Load Kories* lno* 360 Exchango St* St. Joseph Load Co* 250 Park Avo. Shattuck Bonn Mining Corp* 120 Broadway Sherman Load Co* Tho ShcnvinJ'illllam* Co* 101 Prospoot Avo., H.W. Silvar King Coalition Minot Co* 1010 Room* Building Silvers toin A Pinsof* lno* 1708-1720 Kliton Avo. Standard Rolling mile, lno* 143 Jewell St* Sunshine Mining Co* 115 V. Seoond St* TTT(tiWnrt itrl4oaAckSC taAn*.dC4*aurdtteLMMr iCn4ionn gsPoCmloid. ated United Anerioan He tali Corp* Minin* CoVW*2*. alker Bank 198 Diamond Bldg* St* United State* Smelting Refining end Roohester 6, N.Y* Now York 17, H.Y* New York 6. B.Y. Wallaoo, Idaho Cloroland 15, Ohio Salt Lako City l.DUh Chicago 22, 111. Erooklyn 22* B.Y* Yhkima, Wash* Wallaoe, Idaho Salt lake Clt Brooklyn 22 Mining Co,, lno* The Viotory Whit* Metal Co* Hymen VIoner A Son* Vulcan Lead Produots The Ticnsley Metal Produots Co* Western Elootrie Co* lno* White Metal Rolling A Stamping Corp* Winchestor Jlopoetlag Amt Co* 67 William St. 1205 Main St, 6300 Hatcher St* 1545 IT. Florae St* 1445 Osage St* 19S Broadway 60 Moultrie St* Hwr York 6. B.Y. Cleveland 16, Ohio Richmond 6, Ve* Milwaukee 4, Wit, Denver 2, Colo* Now York 7, H.Y* Brooklyn 22, B.Y* New Haven 4, Conn* Associate Member w ft : vs__ L-</J> Xic*rr.q^ mp c u v io h Exhibit "B* May 9,1945 -k i :;.?. iu>.aa^< JX. l* -A`- C^JH.................................................................................... ............. *............................ iyji .-'.mu a-ao-Cv;........................................................................................................ jtXffjjiov> t'j". nw.vij.r. <x)'vn.^;................. ................................................... a ih nuvi DiO'ir:................... .......................................... .......................................... $150,036.5b 370.oo 2,cco.oo 425.00 Total........................................................................................ gib 3,631.5b A 0 0 o V ?f T 1 ? A f a 3 T. A ) 3 (< .1 .11 V .< ti /.3<r>U'Cl j 'a Y/JILI............................................................. .............................................. | 605.12 -.v3 v.V.it: General iTaaotloa fGPOtpr.ia Ami.............................. Gnilnary run!............................ ................................ .................. 'tt.illlo Loud .Todacta Liviolon Ainu................. .od Lcai 'Uriaion And................. ....................................... .. Ajjricul aural durviac ,U.vui>:i :\mi..................... loutiu.m ..t^ricultaml Junrioe Divluion Auia..... iuct .Uriaion Aral................. ..................................... >;oatrvt for iouicul ............................ ............................... .. '.'.esurvu Tor 11tv ;*>oK.......................................................... Leuurvu for Buttulle daaorlitl Ami............................... 99,97t>.55 2C,6C9.66 u.CCC.uS 6,6oa.40 l,4oC.Cb 6S.t>4 3,oc2.co 4,W 0.00 4,160.00 5.OOP.00 Total reuerrea................. .......................................... 0152.626.46 To Ta L................................................................ jfl53.631.50 .T7T f: Tile oust of furnlturu, flxturoa, and equlpnont n-m been written off to uxpenae. N 2387.02 yns^wpppiiiwi) ii iigmiviiiiBi ` Ll*?o?3o l^lWPWr Annual W HASKINS & 8 ocsmrtco H>c>e ACOOi/*rr*Mrt . _j\* .l -- - -j ---. Fjrhlblt lUy 9, 1945 I CAST TACIT mil. --- ----* - i NIW YORK 17 i J I a c o ^t c ^.;*.. fl.tggima J Loud InduaVrl 3 Aaoooitition: ) Ve nave tootiirwd. tlio balance aUeet of Lead. Industries -i* Association us of :x>caibar 31, 1'JM* .am Lie rulut.<i staiojunt 4 of lnoa-iu and rocpauaes for tu* year onasd Lut elute, iiaYn re- i 1 Tlewod the uooountlnj yrooedura:i of Uio Association, .avi iiuve J oxuiiinod its itcaoantind rucoruu ...m aUni' evidence la au. .ort of sued financial statecJeato. Our oxaainati>n was Uoac la -A i ucoonlanco wlta t>oaurully accepted aiultind Utamaros u^.J.1- Ciidle in the cxrcu.~.i8tdi>oeu ail Helmed ail auditing procedures -o ooualuixroa uoocusuxy, idiioli procedurea were applied a/ touts to tde extent so dueled appropriate In vied of tne aysted of internal control. 1 In our opinion, tae ucooupauylad uiloncu saeot a U otatiiao.it of inoonu und a/^uus fairly present tau financial ooiiiltion of 1 Uic Association ut 'H*;ioor 31, d'juo turn Lae results of itu -t operatio n! for tho yoir ended t.mt date, in oonfomity ulta J tjonurolly aocu,,ted ucoouutiad priiioiples and practices applied on a basis oonaiotant \.ltli t.tat of Urn preoudln*; youx. i o< nKyZv Hew fork, January 2C, lm. m. .Jii*. .1J|iJin.-Jii'4I*P|PP<P. rnmmmm LIA20731 TOTAL kiiii UTa X.^CC ron via o ^c s u y L inaaoxioK /HO.lull ram aaiNAilY iT)D wjTTrt ,10 Ia/Ww ' /j vOIXJJTJ LIYLJIOJJ rau 256.112,06 99.535.50 064.760.50 #29.390.06 * * 69,969.93 4 6,925.00 .34,054,23 4 7,476.20 < * 16,784.84 152.11 2,990.62 6,150.45 fvs' rovr, :.ni react-.rci. 1 r..ti J-i.J............................ 1,236.42 "*N n:v._rtisin.c.....,..., ty.' -,:M i r>* ........... 177.31 2,315.01 211.0b 177.31 69.26 2,315.01 30.96 Con v t?*i Xorttj t..rv.; ... o ifo. 2,435.20 1,799.05 Irtr.x ...................... ______? ' 2o3.76 2,445,11 34.12 462.99 263.76 ixCu: - - uXons ** W. M * - . '--.A. ' tr, ,^ t- ;'' * + , -ot- a f 0* 15C.03 3,059.til 155.20 72.96 1,341.90 446.66 Cout or j --X i uz*1j l >3* * 4,732.92 4,792.92 p ' 4 * 9,541.60 9,541.60 ; ........ .. 6,567.26 1,060.00 4,450.46 40,30 welr-p . >-v. tirU teltrjriiju.* l,ti07.C2 4.53 1,162.50 Aootx:i-'*vi.on uuej.... 535.35 333.95 262.00 Jtiiti ?i.^ry o^ViCe ' iiU -,^-*-i S * . , "* f * . * , v>00 1 > k. ---I x t J1 C *. , lvo^a ^n.i subscriptions. .`ItCVitXD VJ'S ,*.,..,.#, snt*'rtHi.EKsit, lunaliea, etc......................................... Pumiturc, i'lxtureu, al oiTIcs *ulclent.*.... 4 V u.uipuunt arsJt casino ,Vv ,'ni 3....................... TraiuCu* of ixracjnr.-.-l to hbVi;, k/rt.rj.......... Uteccii.-n- -........... &<.(:. r n:: (.k 1,; ; 1,359.53 1,633.72 ; 323.40 33b. 25 7C.72 169.24 1,011.01 646.27 323.40 334.25 229.b3 1,044.36 453.33 297.14 J * 377*93 377.93 .] 24,961.62 a 926.10 . .1 4 1 963.42 963.42 ' 2.110.25 626.04 50U.76 vl57.232.63 C U.445.49 45b,230.06 025.59b.16 2 0 O' J.>,1.79.43 590,690.01 V 6,530.44 4 3,791.66 v /iT iliD (If i i 53,204,44 16.079.22 4.206.97 152,0U3*U7 430,690.01 *24^60'_i*b6 . 6,040.65 v: i..k* .N ? U*i-^ >* * i .v. > - ,/j, -. rv ;v/w> ' 9,117.03 4,000,00 t - , 1 .* ro 742.59 171.45 - - -!3 "" " * *> : ' .t , " tSOTCW mmm m LlA207 32 *.M .; :JS u:-' i.ioou.i *.r iXi'.^raja i >t i V > ^ ------------------------------ h ia) La AJJ .'IYIo Ij N (se not*) A JKlCTJL^ s o u t h **)* l mux .vV.ioiuruui. r XilVlO'a .-iv.viai un ,,4* -IVIJIO.H 5IVI3I0M OlVfc /u :d w:o n *19.956.00 932.468.0C Lc ,000.00$ \ * v 8,332.50 $ 9,580,00 ,I3,>0C.0* 1,234.76 4,6o2.29 1,514.41 1,736.42 110.84 636.15 353,53 1,344.00 77.87 760.46 2.0 & Vi 91.83 54.52 141.81 396.36 544.16 723.26 295.57 ill.00 * .. i ** lo6.17 238.67 669.05 22,086.64 2,b94.98 276.10 650.00 292.11 160.2b 521.06 12.C94.49 S42.501.b5~03.962.56* 7,1,03.51 -10,033.85 i 37.44 3,b25.97 1.513.93 .1 jbo^Jabb v bf 519.92 v 5,000,00 10,000.00 2d.40 83.002.00 v 05.84 3,C02.C0 c4,C |4,OtO,CO 05,COO.CO I:- ,117.03 -5J.JU.lii