Document 5kg1p3q2EdOqBygzwDzO9XENV

MIKUTES OF MSBTIKS 01 THE? EXECUTIVE COMMITTEE 07 THE GLIDM COISPANT* Minutes of a meeting of the Executive Consnittee of The Glidden Company, held at the office of the Conpany at Cleveland, Ohio, on the 10th day of September, A.D. 1926 at 3o* clock p*M. The meeting was called to order and presided over hy Mr* Idrian D. Joyce, President and Mr. R. 6. Hbrsburgji recorded the minutes as Secretary* The following men&ers were present: 0* A. Hasse Adrian D* Joyce R. H, Horeburgh constituting a majority of the Committee, The President stated that the meeting was called for the purpose of giving consideration to the advertising budget for the fiscal year beginning November 1, 1926, Mr, Basse submitted a comprehensive plan and layout of the advertising program includ ing the budget, amounting to $450,000. This budget was classified in detail showing the character of the advertising to be done, including advertising in Rational Magazines* . Mr* Basse had given a great deal of consideration to the program and was firmly of the opinion that our advertising expense could be held within the budget figure without impairing its efficiency and productivity. After considerable discussion the Committee approved the advertising budget as submitted with the understanding, however, that before any great outlay is made for direct mail promotion further consideration is to be given to the advisability of reducing the expense under this caption and throwing it into the appropriation for advertising of a national character in the magazines* There being no further business to come before the meeting it was on motion duly made and seconded, adjourned* 7Z7>Secretary . GV-0007580 * MEETING Or THE MEETING OT THE EXECUTIVE COMMITTEE OT THS &LIDHEU COMPANY Minutes of a meeting of the Executive Committee of The Glidden Company, held at the office of the Company at Cleveland, Ohio on the 9th day of September, A* D* 1926* The meeting was called to order and presided over by Mr* Adrian D. Joyce, President, and the minutes were recorded by Mr. B. H. Horsburgh, Secretary* The following members were presents 0* A. Kasse Adrian D* Joyce R* H. Horsburgh constituting a majority of the Committee* The President stated that the meeting had been called to discuss the markets on Ester Gum and Rosin and to look over the comparative prices* It being the opinion of the Committee that now is a good time to commence buying Ester Cum and Rosin, the following resolution was, upon motion duly made and seconded, adopted: RESOLVED that in the opinion of the Committee it is to the best interests of the Company to purchase Ester Gum and Rosin at this time and that the Purchasing Department be and is hereby authorised to purchase One Hundred Fifty Thousand Pounds, (150,000) of Ester Gum to be delivered in equal monthly installments September 1926 to June 1927, and one third of the company1* require ments of the various grades of Rosin for a six months period, to he delivered over the same period, to be purchased In quantities which will not disturb the maikets* There being no further business to come before the meeting. It was on motion duly made and seconded, adjourned* , ^0 000