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TABLE OF CONTENTS
E x e c u tiv e O ffices: 111 BRO ADW AY, N E W YORK 6 , N . Y. General Counsel: A LE X A N D E R & GREEN, 1 2 0 BROADW AY, N E W YO RK 5, N. Y Stock Transfer Agent: T H E CHASE N A T IO N A L B A N K , 11 BROAD ST., N E W YORK 15,
Registrar of Stock: BANKERS TRUST CO., 14 W A L L ST., N E W YO RK 5, N. Y
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dends-- $8,887,900-- was added to Earned Surplus account,
thereby increasing the equity of the Common stockholders.
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m p le i[io n
1he Company s growth is dearly manliest in the plant in vestment account, which has doubled in the past ten years. Gross property account was $203,511,823 at December 31, 1953, an increase of $41,970,857 over the preceding year, representing largely the Doehler-Jarvis acquisition.
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Som e progress was m ade w ith respect to the litig a te d m atters d e ta ile d in e a rlie r reports. T h e C o m p a n y successfully d e fe n d e d , a n d th e p la in tiff appealed one o f th e three suits a g a in st th e
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p re cia tio n fo r the ten m o n th s ended D ecem ber 31, 1953. A cce l erated a m o rtiz a tio n u n d e r ce rtifica te s o f necessity w as n o t a s ig n ific a n t fa c to r in the C o m p a n y's d e p re cia tio n charges in th e past
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io n o f cember 1953, the N ational Lead Company Foundation, Inc., was organized under the laws o f the State of New Y ork, w ith an in itia l contribution in the form of cash, property and in vestment assets in the approximate value of $1,500,000. This
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