Document 4vr4gDDBoayQe0nV2Bmd425ge

New York, N.Y EXECUTIVE COMMITTEE WESTING January 29,1943 A meeting of the Executive Committee of the Lead Indus tries Association was held on Friday, January 29, 1943, at 12:30 P.M. at the Down Town Association, New York, N.Y. Present Representing Clinton H. Crane, F. H. Brownell F. VY. Rockwell F. F. Colcord Chairman St.. Joseph Lead Company American Smelting & Refining Co. National Lead Company United States Smelting Refining & Mining Co. Inc. Also R. E. Dwyer Harold Rowe I. H. Cornell International Smelting & Refining Co National Lead Company St. Joseph Lead Company F. E. Wormser, Secretary-Treasurer The minutes of the previous meeting of January 15,'" 1943, were approved. MEMBERSHIP STATUS A letter from Goldsmith Bros. Smelting & Befining Company with reference to its membership subscription (Exhibit "A'* at tached) was discussed. The Committee unanimously agreed that it could not accept the suggested basis upon which Goldsmith Bros, proposed to raise subscriptions for the support of the As sociation from smelting and refining companies. The Committee noted that any member could determine in advance whether or not his operations had been profitable enough to continue membership and that, in the event they were unable financially to support the Association's activities, they might tender their resignation at any time. /'"The Secretary was instructed to give Goldsmith Bros. Smelting a Refining Company the decision of the Committee, attached as Exhibit "A". CONCENTRATION OF INDUSWf LI 4026 5 The Secretary related an oral request he had received from Mr. Vogelsang, Chief of the Tin-Lead Division of the War Produc tion Board and hie mining engineer, Clarence A. Wright, seeking the assistance of the Association in procuring information about the lead smelting and refining industry with a view to revealing opportunities for the concentration of the lead smelting and re fining industry into fewer units to save manpower and supplies. _..,,3cutive Committee Meeting Minutes January 29, 1943 2- - The Committee instructed the Secretary to communicate with the lead smelting and refining companies to obtain in formation about their operations with a bearing upon concen tration possibilities for transmission to the War Production Board. MINE PRODUCTION STATISTICS A suggested form for reporting monthly mine production statistics, by mines, as requested by the War Production -oard, was submitted by the Secretary and approved for cir culation to the WPB and reporting companies. EXTENSION OF DRAWBACK The Secretary asked the advice of the Committee.in the event a request of the Association for emergency relief from the provisions of section 313 (b) of the Tariff Act of 1930 to the Treasury Department were to be denied, and inquired as to whether or not It might be desirable to petition Congress for redress. The Secretary was instructed to follow the wishes of the manufacturers, to ascertain the sentiment of allied industries, and to survey the possibilities of procuring relief through Congressional action. REPRESENTATION ON PAINT, VARNISH aND LACQUER INDUSTRY ADVISORY . COMMITTEE The Chairman stated he had learned that the Paint, Varnish and Lacquer Industry Advisory Committee of the War Production Board was considering matters of deep moment to the white lead Industry and that the composition of the Committee did not in clude any committeeman whose primary interest was in white lead. The Secretary was requested to make formal application for an appointment of a suitable representative of the white lead industry on the Paint, Varnish and Lacquer Industry Advisory Com mittee. BUDGET - 1943 The Chairman presented the results of the study that had been made to simplify the budget of the Lead Industries Associ ation, as per Exhibit nB" attached. The report Indicated that (1) subscriptions might be procured from the mining companies on an overall per ton basis and apportioned among the various funds, (2) a similar procedure was practical for smelting and refining, and (3) for manufacturing the problem was more diffi cult, as only a comparatively few manufacturing companies sub scribed to all funds. The sense of the Committee was that, so , /x-;. 1 ---<*> Executive Committee Meeting Minutes January 29, 1943 -3- far as possible, it was desirable each year to establish an overall budget which the various branches of the industry felt desirable to expend on the activities of the Association, Meeting adjourned at 2:15 P.M. I'v \ LIA02661 Vi? Executive Committee Meeting Minutes COPY Exhibit "A January 29, 1943 Lead Industries Association 420 Lexington Avenue New York, N.Y. Dear Mr. Wormser: Your letter of January 18 is most unsatisfactory. At a general annual meeting of the members of the Lead Industries Association in 1941 which the writer attended, you will recall that this very question was raised; and without dissent, it was voted and approved that our classification as secondary smelters would be half the rate of primary smelters; and it was on this basis that we were glad to continue to be classified as regular members instead of special members of the Lead Industries Association. Furthermore, you will recall the voluminous correspondence we had on this "subject for several years, finally leading up to the settling of this question at this annual meeting. It is needless for us to repeat what we have discussed and written at length in the past on this subject; but our feeling still remains that there is no reason why any inde pendent. secondary smelters of lead should not be accorded a rate that is half that of the primary smelters, for all the reasons already given. Maybe a distinction should be drawn in the case of Independent smelters who are not hooked up with a chain of secondary smelters in different parts of the coun try or have other lead manufacturing operations associated with their lead smelting operations either located in the same plant or some other plant under the same ownership, to draw added revenue from. We think the committee's feeling of basing the question on similarity of operations, is wrong. .After all, dues are , not based on metallurgical similarity of operations but.rather on `the economic profit-margins and financial benefits derived. Everybody in the industry knows that over the past ten or twenty, years, the profit-mar^j^s in buying battery plates and smelting antimonial lead have been the narrowest of any branch pf the in dustry. And as a matter of fact, if we had not had our older established and profitable precious metal smelting and manu facturing operations in conjunction with our lead smelting, it is questionable whether we would be surviving today, because of the keen unprofitable battery lead competition. And inclden- N 656.01 L IA 0266? Executive Committee Meeting Minutes Exhibit A" January 29, 1943 dentally, we must give substantial support in the precious metal field; to the dental industry, jewelry industry and other allied associations. For all these reasons, we hope that we can come under the regular dues of some secondary smelter group, as was voted at the aforesaid annual meeting, rather than have some special classification to cover our unusual combination of precious metal manufacturing and lead smelting operations. Very truly yours, GOLrSMITH EPOS. S. Sc F,. CO. By M. S. Goldsmith MSG: MD P.S. On second thought, because we want to be fair to the Lead Industries Association as well as ourselves, we make this final suggestion, that our special operations,.be given this special consideration: If in any year our profits in our opinion, from our combined precious and base metal oper ations, warrant our paying the full primary smelter rate in stead of a special half rate, we will pay the former. If this plan is promptly approved, we are willing to pay the additional #287.50 for the year of 1942. Executive Committee MeetingMinutes "Exhibit "A" January 29, 1943 COPY LEAD INDUSTRIES ASSOCIATION 420 Lexington Avenue New York, N.Y January 18, 1943 Mr. M. S. Goldsmith Goldsmith Bros. Smelting & Refining Company 53 East Washington Street Chicago, Illinois Dear Mr. Goldsmith: Our Executive Committee at its meeting on January 15 carefully considered the suggestion you made some time ago that secondary lead production be assessed at one-half the rate of primary lead production. The Committee feels that there is not sufficient distinction between the two ope rations to warrant changing the present very low rate of assessment for smelting and refining. Nor did the Committee feel that there is any especial circumstance connected with your own smelting operations in Chicago that warrants making an exception in your case. Naturally, the Committee wishes to treat every member alike. I do hope, however, that you will recognize the validity of this point of view and will continue to favor us with your valued support and cooperation. In the light of the Committee's decision, I am enclosing a statement which reflects your account with us for 1942. With kindest regards. Cordially yours, F. E. WORMSER (SIGNED) Secretary-Treasurer L I A 02 6fc 4 N 656.02 Executive Committee Meeting Minutes -7- Exhibit "B" January 29,1943 LEAD INDUSTRIES ASSOCIATION TOTAL SUBSCRIPTIONS RECEIVED IN 1942 ORDINARY FUND Mining Smelt.k Ref. *24,330.00 *.081 per ton (40.0?) *12,047.50 *.02 per ton (19.0*) Manufacturers *25,977.91 *.04 per ton (41.0?) Percentage of Total Total Subscript! *63,355.41 2.9? (100.0*0 PLUMEING PROMOTION FUND Mining *11,887.00 *.0415 per ton (38.0?) Manufacturers Total *19,143.85 *.404 per ton (82.0?) *30,830.85 (100.0*) 11.2? AGRICULTURAL SFRVICF AND NATIONAL 4--H CLUE FUND Mining Manufacturers Total *8,337.00 *.0298 tier ton (33.1?) *16,846.00 *.2.46 oer ton (66.9?) *25,183.00 .- (100.0*) WHITF LFAE PP0M0TI0N FUND Mining Smelt, k Ref. Manufacturers Total *86,643.00 *.283 per ton (55.1?) *7,765.00 *.014 per ton (4.9?) *62,799.00 *.915 per ton (40.0?) *157,207.00 (100.0?) -- RECAPITULATION OF ALL FUNDS .09.1? 56.8? Mining Smelt, k Ref. Manufacturers Total *131,997.00 *19,812.50 *.423 per *.033 per ton ton (47.7?) (7.2?) *124,766.76 *.193 per ton (45.1?) *276,576.26 100.0? (100.0?) \ NOTE: In addition, *10,000 was received from the American Turpentine Farmers Association Cooperative and *1,840.90 from the Douglas Fir Plywood Association. L I t026f'5 N 656.03 uAcounre vuumi.Lt tee Meeting Minutes -8- nniDii n January 29, 194?. Mfg. Tonna ge 388,628 LEAD INDUSTRIES ASSOCIATION SUPPLEMENTAPT PFPORT ON 1942 SUBSCRIPTIONS SUBSCRIPTIONS OF MANUFACTURING MEMBEFS TO ALL PROGRAMS 1942 Rate Per Ton Amount Peceived in 1942 $.265 97,788.16 ORDINARY FUND. AGRICULTURAL SFFVICE DIVISION AND WHITE LEAD PROMOTION PROGRAM Mfg. Tonnage 1942 Rate Per Ton Amount Received in 1942 14,^12 .703 10,349.00 ORDINARY FUND AND METALLIC LEAD PRODUCTS DIVISION Mfg. Tonnaee 1942 Rate Per Ton Amount Peceived in 1942 3p,p32 .11 9,607.*9 Received from companies not reporting tonnage figures 875.00 rt 10,382.69 ORDINARY FUND Mfg. Tonnage 1942 Rate Per Ton 118,447 $.04 Special, Associate and Minimum Subscribers to the Ordinary Fund Amount Received in 1942 $3,971.91 2,275.00 $ 6,246.91 Lit 02666 Note: Includes one new member charged for three-eighths of the year on full 1941 tonnage. TOTAL AMOUNT RECEIVED FROM MANUFACTURERS $124,766.76 jv U<