Document GKNjDJGLr11krenLbj0gjYZRn

Philadelphia, Pa., April 5, 1*43. At a regular meeting of the Directors of John T. Lewie A Bros. Company, held this day at their offices in the Widener Building, there were present: J. W. Gardiner, President S. French Reeves, Vice President A. M. Wilson, Vice President Leonard T, Beale, Director The meeting was called to order by Hr. J* W. Gardiner, who presided, and Hr. A. M. Wilson reported the aifcutea of the meeting. Upon a motion made by Hr. L. T. Beale, and seconded by Hr. S, F. Reeves, it was decided to apply for an appropriation of $1,254 to cover the transfer of a counter-flow unit, for alkali refining Linseed Oil, from the Baker Castor Oil plant, Bayonno, Hew Jersey, and the erection of the unit at our Philadelphia plant. The Baker Castor Oil Company hae permitted as to borrow this unit from them in order to determine whether it can be successfully used in the alkali refining, aeid re fining and splitting of Linsesd Oil. At the conclusion of these experiments decision will be reached as to whether we should buy this unit from them or construct a similar unit, and on what basis a royalty, if any, be paid the Baker Castor Oil Company, Ur. Reeves reported that advice had been received from the Selective Service Headquarters, at Harrisburg, that our Hanning Table Plan and jReplacement Schedule has been approved effective April 1* We have been assigned an order number - 264. Hr. Reeves reported that during the period October 1, 1*35 to April 1, 1*43, we have mads 452 loans, amounting to $8,19*.31, to our factory employees when they faced some particular hardship ease and required a small amount of ready cash. The amount outstanding at the present time is $59.50, none of which is overdue. It might be stated that on October 1* 1935, John T. Lewis * Bros. Company set up a fund of $300.00, for this purpose, and that the amount loan, as recorded abovd, results from the reuse of this initial $300.00, during the past 7-1/2 years. Mr. Gardiner recommended that effective at once the following changes be made in our Metal Department: Mr. George A. Watte be made manager of same, with Hr. Evans, Acting Superintendent, reporting directly to him. Hr. Evanc will be assisted by Uessrs. George Young and Andrew Guinoeeo, so that he can devote the major part of hie time to the development of wire drawing equipment so badly needed to increase the company's profits* Hr, August Weil, of Perth Amboy, will serve in an advisory capacity and be available on call. The Board approved these changes. General business conditions were discussed. Mr. Wilson submitted the regular weekly report of shipments for the period ending April 2. N 268 There being no farther buainesa, upon motion the meeting adjourned. 1* 8. Vilena, Acting daireiarjr *- NL 000040952