Document BvRgmKVBMw7NYJko5R8VE4mE4

DIRECTORS' MEETING New York, N. Y December 7, 1931. A meeting of the 3oard of Directors was held at the Down Town Association, New York City, on Monday, December 7th, at 12:30 ?. M. Present: Representing: V -1- inton E. Crane, Chairman 3. .. -x H. .... Brush R. il. Roosevelt oT A. McCarthy F. M. Carter J. Cornish G. W. Lambcurne n M. Chapin, Jr. i. H. Cornell St. Joseph Lead Company American Metal Co. Ltd. American Smelting * Refining Eagle-Pieher Lead Company International Smelting Co.- United Metals Selling Co. Agent National Lead Conoany National Lead Company Park Utah Consolidated Mines Co St. Joseph Lead Concany St. Joseph Lead Company F. E. Wormser, Secretary. The minutes of the previous meeting were approved. The Treasurer's report was read and accepted as follows: oo L I ACOC^ TREASURER'S REPORT Jan. 1, 1951 to Dec. 1, 1931. Gash on Hand and in Bank, Jan. 1. REGSIFTS $16,533.63 Membership Contributions, 1S30 $650.50 Membership Contributions, 1S31 37,108.25 $37,756.75 Less Contributions Outstanding, 1S31 Credit to Members in Adjustments of Contributions Subscriptions to Medical Research Fund Less, Refund to Subscribers Interest 240.25 37,518.50 1.75 5,832.00 657.00 3,175.00 116.79 Book Sales DISBURSEMENTS Total Receipts Total 106.86 40,518.0 $57,452.53 Furniture Fixtures Salarie s Rent Light Office Expense Miscellaneous Traveling Expenses Telephone Telegraph Books & Subscriptions Printing Medical Research 107.75 18,863.00 2,246.39 1,446.03 1,315.55 442.78 195.06 12,309.05 5,000.00 Total Disbursements Cash on Hand and in Bank, Dec. 1, 1S31 Total 41,925.64 15,526.39 $57,452.53 LI 4 GDC 57 The Treasurer reported that a reduction of salaries of the staff of the Lead Industries Association, amounting to ten per cent had been made effective as of November 1st. The Secretary'8 report was read and accepted as follows: Secretary's Report The following principal developments have occurred since the last Board meeting: 1. Members - With great regret I have tc submit the resignation of the General Cable Corporation from member ship in the Lead Industries Association by reason of the "stress of existing conditions". At the same time we have received membership applications from two companies, the National Bearing Petals Corp., St. Louis, Uo., and the Globe metal Company, Chicago, 111, which are ready for considera tion by the Board. 2. Statistics - We have published a new report covering Secondary Lead Production from sources other than battery plates and expect to have the cooperation of the Hammond Lead Products Inc., in adding to the scope of our lead oxide statistics. 3. Lead Pine Specifications - We are ready to adopt the proposed new specifications for lead pipe. Our original program has grown and two members have suggested that we make a few minor changes in the specifications of calibers not included in the proposed new specifications, establishing a standard fox the United States in all sizes, which would seem a desirable thing to do. The sooner the new specifications are adopted the sooner we can begin our efforts among users of lead pipe to increase the use of that product. 4. Educational Work - We are continuing the pub lication of our leaflet "Lead" and together with the book, it is meeting a constantly wider distribution and I am happy to say our efforts are being very favorably received. Our publications have enabled us better to ascertain the LI AO 00 5 8 problems facing prospective users of lead commodities and how we may best assist them, as well as providing much needed good-will for the metal. Our manuscript for a booklet on lead pipe is vir tually complete and we expect to give it widespread circula tion among plumbers, engineers and others at the time the new lead pipe standard is adopted. 5. Miscellaneous - During October and part of November the Secretary made a trip on behalf of the Associa tion, studying especially the situation 7/ith respect to plumbing codes on th? Pacific Coast. '.Tails in Salt Lake City, he made an effort to introduce the wider use of lead pipe in water services, the local practice being to use gal vanized iron pipe (in the second largest lead mining State) and it is expected that the change to lead will be made be fore long. On the Pacific Coast we have been meeting with strong competition from copper tubing and city after city has gene to copp:r by virtue of the extraordinary sales effort that has been made on the Pacific Coast, the price advantage of copper, and the little opposition encountered from lead. In fact, I am impressed with the contrast be tween the situation in the west and in the East, copper having displaced lead to a much greater extent along the Pacific Coast than along the Atlantic. The situation is such that unless we take steps to protect our interests aggressively we shall lose more and more lead pipe busi ness for water services. Although we are coning into the field rather late in an effort to protect our interests I believe we can do a lot to see that our material receives proper consideration from plumbers, water engineers and others. We are endeavoring to keep close contact with plumbing code changes throughout the United States. Respectfully submitted, Secretary. The resignation of the General Cable Corporation was presented to the Board, whereupon Liac oc5^ It was regularly moved, and seconded that the resignation of the General Cable Corporation be accepted with regret. Motion carried. The application for membership in the Lead In dustries Association of the National Bearing Metals Cor poration of St. Louis, Mo., was presented for considera tion by the Board, whereupon It was moved and seconded that the National Bear ing Metals Corporation be admitted to membership in the Lead Industries Association and that the Secretary notify the National Bearing Metals Corporation of its action. Motion carried. The application for membership in the Lead In dustries Association of the Globe Metal Company of Chicago, III., was presented for consideration by the Board, whereupon It was moved and seconded that the Globe Metal Company be admitted to membership in the Lead Industries Association and that the Secretary notify the Globe Metal Company of its action. Motion carried. The question of circulating the resolution relating to the use of paper bags for the shipment of lead pigments and chemical was discussed and LIA0CC6C It was regularly moved and seconded that the Secre tary be authorized to distribute the resolution passed by the Board at its meeting of September 30, 1931, to all member companies manufacturing lead pigments or chemicals and to im portant consumers. Motion carried. The President suggested that the time was opportune for establishing a budget to govern the operations of the Lead Industries Association fox 1932. In view of the im portance of the educational work being done by the Lead In dustries Association and the desirability of increasing its volume in some directions, It was regularly moved and seconded that the budget for 1932 should total $40,000, of which $55,000 is to be raised by contributions from members and $5,000 drawn from the expected cash surplus at the disposal of the Association on January 1,' 1932. Motion carried. The status of the budget is shown in the following table: L I AO0C61 3udget 1S31 Rent $2,500 Furniture Fixtures 500 Printing & Distribution 6,000 Office Supplies llisc. 2,000 Traveling Expenses 2,000 Telephone Telegraph 750 Salaries 20,500 hiscellaneous 2,000 Technical Research $36,250 Estimated Expenses 1S31 $2,450 110 13,300 1,600 1,500 500 20,300 350 400 $40,510 The meeting adjourned at 2:lo P. 11. Proposed Budget 1932 $2,400 350 12,000 2,000 2,000 500 18,500 1,500 750 $40,000 Secretary. L I A r c c -3 2 -n 4