Document 3JaGDNVe8pXjeY5LLw0wwJGr0

BOARD OF DIRECTORS MEETING Nev; York, N- Y. January 17,1935. A meeting of the Board of Directors of the Lead Indus tries Association was held on Thursday, January 17, 1935, at 12:00 Noon, at the Board Room of the National Lead Comoany, 111 Broadway, New York City. Present Representing Clinton H. Crane, Chairman K. M. BrushClarence Glass R. M. Roosevelt D. A. Callahan P. E. Sprague F. M. Carter W. Y. C. Hunt F. S. Mulock F. E. Wormser, Secretary-Ire-: surer. St. Joseph Lead Company American Smelting & Refining Co. Anaconda Sales Com:any Eagle-Picher Lead Company Hecla Mining Company Metals Refining Company National Lead Company Reynolds Metals Company United States Smelting Refin ing & Mining Co. Inc. Mr. Clinton H. Crane occupied the chair. The minutes of the previous meeting of September 25, 1934 were approved. Vacancy-Board of Directors The Chairman called attention to the vacancy on the Board due to the death of Mr. John A. McCarthy, and reguested nominations to fill this vacancy. The name of Mr. Clarence Glass, Vice Presi dent of the Anaconda Sales Company was proposed and seconded and there being no other nominations, the Secretary was instructed to cast one ballot for the election of Mr. Clarence Glass as a Direc tor of the Lead Industries Association. Treasurer's F.eoort The Chairman presented a report of expenditures of the Lead Industries Association for the calendar year 1934, as Ex hibit "A'' attached, including a proposed budget totalling $40,200.00 covering the ordinary expenses of the Lead Industries Association for the current year 1935. There being no suggestion for the mo dification of this budget or any objection, the Treasurer's Report was approved and the budget for 1935 carried. The meeting thereupon adjourned. ' -- FXHIbIT "A" Board of Directors sleeting January 17. 1925. January 11, 1925. To the Board of Directors of the Lead Industries association: Enclosed olease find a statement of the receipts = na Dis bursements of the Lead Industries Association for the calendar year 1924. It is to be noted the* these accounts aistinguisy between: (1) The ordinary expenditures of the Association, which include pre-code expenses. (2) The Forest Products - Better Paint Camoaign. (2) Plumbing Promotion. (4) Medical Fesearch. It was necessary to handle the accounts in this manner because the po-rost Products - Better ^aint Camoaisn and hcical Fesearcr. urograms were suonorted by a limir-c group of members directly interested in these orn'octs. With reference to Plumbing Promotion, this nrogram was ao- oroved by the Board of Directors early in 1924 and subsecuentlv the lead plumbing gooes manufacturers- in our Association enthusiastically endorsed it. Thre has teen a delay in financing this orogram owing to a f eel-i ne ^n +hc of some of the smaller leac nine rr.anuf a cruder s their orooortion of the ^xoense is more than they can afford. It is to be honed that this oro'olem will be adjusted at an early date. In the meant!me, owing to economies that have been mace in othr di rections, .vo have been a die to carry the Plumbing Promotion expenses without calling for any soeciel subscriptions from members interested. Although ~he cash on hand at the end of 192^ is S2.319.00 lower than at the beginning of the year, this may be ascribed to ` he fact that: ^1) The Lead Industries Association has not vet been reimbursed for some Code Authority expenses incurred since September 30, 1934 when the last settlement for Code Authority expen ditures was made, and (2) Because a subscription for our medical research program was made to Harvard University in the sum of $2,000, which in part rep- ` resents an advance beyond the collection of $1,464.75, which was made for the program during 1924. The Treasurer, therefore, feels that we are in excellent financial con dition and that despite the uncertainty in 192^ as to our actual neces sary disbursements on behalf of code activities, we have ended the year closely in balance. As a matter of fact, the Lead Industries Associa tion carried in its regular budget all ore-code exoenses without mak ing any request of members for a special subscription to cover that extraordinary exoense. LIA0C1A5 N 593.01 <:) To the Board of Directors: Page P January 11, 1935. Based upon the exoer ince of 1934, a rro'osed ordinary budget has been set up as follows: nor.TVfLV PTjppry Proposed 193 B Actual 1334 Aeprovea 1934 Furniture, Fixtures & Fcuioment $ 500 Salaries PI.000 Fcnt ana Light P, 100 Telegraph and Telephone 900 Books and Subscriptions P50 pointing c ,000 Mailine ,500 in ' ps 1,500 11 lus t r a t i on r50 Office rxcense Miscellaneous 1,?0 0 Medical Research '35 ,POO 5 ,000 3*40, POO .* 47^ . 59 16.06P.B1 i,ee?.40 931.17 P64.43 3,2 8 9.1 i 3,133.44 1 cc0*4 395 . p"7 1.3^8.47 $P9,P6r'.53 3,000.00 3. 7OCq , f;'-Icn ^ t_/ $ 800 PI,000 1,6 50 900 P50 5,000 con 1,500 pno 1,P00 S35,000 7 4 ono 938,000 This Buceet will enable us to a'ive some special attent ion to shee lep.c, a ro.1cct 'A'hic'p was ceferrec in 1934 on account of the cress of coce matters. The pronosea ordinary budget for 1935 is appro ximately the same as for 1934 but to it has been aaaed the mecical research subscriptions to be provided Harvard University during 1935. This has beer, done for the reason that there no longer exist a distinction between certain classes of mer,.bersr.1 o', whreby one class has no particular interest in lead poisoning, so that the pro gram of medical research should, it seems, now be suncorted by all manners. Formerly, we had ammunition anc c-ble companies who did not have a direct interest in th subject of lead poisoning. The ordinary budget proposed above is purely suggestive. Owing to the fact that the Code Authority headquarters are jointly occupied with the headquarters of the Lead Industries Association and that the Code Authority cxcenses in the form of salaries are a deduction from the expanses of the Lead Industries Association, there should be dufficient latitude in the budget probably to take care of contingencies, now unforeseen, which may arise from the re vision of the N.F.A. or other acts of Congress affecting the Lead Industry. L ia oc l*6 LEAD TLTUSTPTES ASSOCIATION Treasurer's Report Calendar Year---1934 Cash on Hand and in Bank, January 1, 1934 >ce: pts Membership Contributions, 1933 Membership Contributions, 1934 Ordinary Fund Forest Products-Better Paint Cam. Medical Research Contributions Paid in Advance Ordinary Fund ^lunhine Promotion ?811.50 34,970.00 13,900.00 1,464.75 183.50 310.PE 251,540.00 Less: Contributions Paid in Ad vance January 1, 1934 Outstanding Contributions 41?. 75 046.00 1,258.75 Total Receipts TOTAL Disbursements Ordinary Disbursements: Furniture, Fixtures & Equipment Salaries '. F^rJ ana Light * Office Fxponsr ..li scelleneous Traveling Expenses Telephone fc Telegraph Books and Subscriptions Printing Mailing Illustration 434 .59 16,06? .81 1,66 9 .40 1,376 .47 1, ??0 .54 031 .17 ?64 .43 3,889 7 , 1-L"t_7*7_ U .44 385 .57 P9.P67.53 Plumbing Promotion: Salaries Traveling Expenses Advertising Printing Mailing Miscellaneous 3,8P5.00 3,500.58 120.50 49.49 27.50 590.85 8,113.9? Forest Products-Better Paint Campaign: Salaries 4,800.00 Traveling Expenses 3,604.02 Printing 453.10 Mailing 147.12 Miscellaneous 32: .49 11,326.73 Medical Research 3,000.00 310,834.48 50.289.25 361,123.73 (Over) L IA 0 014 7 N 593.02 ,si TroPsurer 1s RoDort Calendar Year-1924 Paee P. Advances: For Traveling rxoenses $ 450.00 For Code Authority Fxoenses 1,350.16 TOTAL riSBTTpSF'TrNTS Casr. on Fane ar.c in Bank Fecember 20, 1924 400.16 154,108.24 7,015.29 *61, IP?.73