Document KJemGMEkxJ2KOXJJ8oZe6JjKN

CLUTCH FACING AND BRAKE LIMING STANDARDS INSTITUTE, INC. 370 LEXINGTON AVENUE, ME.-' YCRK 17, NOV YORK FIRST ANNUAL MEETING OF THE CLUTCH FACING AND 3RAKE LINING STANDARDS INSTITUTE, INC. NOW KNOWN A8 FRICTION fATERIALS STANDARDS INSTITUTE, INC. Thursday, June 23rd, 1949 at 10 A.M. AT THE Hotel Commodore, New York, N, Y. The President called the meeting to order at 10.00 A.to. and acted as Chair man. -. Mr. Stickles was requested to act as Secretary. The Chairman called upon the Acting Secretary to call the roll and report THE NUMBER OP PERSONS PRESENT IN PER80N OR BY PROXY. The Acting Secretary announced that there were six members present in person AND FIVE REPRESENTED BY PROXY A8 FOLLOWS! Member # Fibre & Metal Products, Inc. Grizzly Manufacturing Company Lasco 3rake Products Corporation, Ltd Marshall-Eclipse Division, Sendix Aviation Corporation Molded Materials Division, Carlisle Corporation Raybe8to8-Manhattan, Inc. Russell Manufacturing Company Scandinavia Belting Company Southern Friction Materials Company Wellman Company, The S. K. World Bestos Corporation Representative Ben Freibaum (proxy) Joseph G. Brown William H. Dunn (proxy) Wright Tisdale (proxy) George E. Ritter Frank Miller Amor P. Smith Vincent A. Spina William H. Dunn (proxy) T, A. Novotney (proxy) Donald H. Spicer Others Present Raybestos-Manhattan, Inc. Rus8ll Manufacturing Company William H. Dunn Leo S. Sullivan Lester D. Stickles (legal counsel) The Chairman thereupon*announced that a quorum of the membership was present The Chairman then appointed Messrs* Brown, Spina and Spicer as the Nomina ting Committee to present nominations for the election of the members to the Board of Directors. On the report of the officers, the President informed the meeting that the 80LE AND 8 INGLE PURPOSE OF THE INSTITUTE WAS TO SEE THAT SERVICE WAS RENDERED TO THE MEMBER8 BY THE PUBLICATION OF THE DaTA BOOK, ALONG WITH BULLETINS PERTAINING FMSI 00650 2- - THERETO, AND SERVICES RENDERED TO THE MEMBERS BY THE 8TAFF OF THE INSTITUTE CONCERNING PARTICULAR INFORMATION A8"T0 8IZE8 ANO SPECIFICATIONS. He FURTHER REQUESTED FULL COOPERATION OF ALL MEMBERS TOWARD THE END OF MAKING THIS 8ERVICE OUTSTANDING. The Treasurer then presented his report and showed a balance in the sank as of June 23rd, 1949 of $3, 041.73. He then presented a general statement A8 TO THE ITEMS OF EXPEN8E FOR THE ENSUING YEAR, AND FURTHER REQUESTED THAT HE BE GIVEN THE AUTHORITY TO EXPEND $150 TO HAVE THE BOOK8 OF THE INSTITUTE AUDITEO. IN ADDITION HE REQUESTED THAT A PROPOSED BUDGET BE PREPARBD COVERING THE FIR8T QUARTER OF THE EN8UING YEAR ANO THAT IT BE SENT TO THE MEMBERS FOR * THEIR CONSIDERATION AND APPROVAL. AFTER DI8CU88I0N, UPON MOTION OULY MADE, SECONDED AND UNANIMOUSLY PA8BE0, IT WA8 RESOLVED, that the Treasurer's report be accepted as WRITTEN ANO THAT HE 8HALL BE AUTHORIZED TO EXPEND $150.00 FOR THE AUDIT OF THE BOOKS of the Institute for the ensuing year and THAT he PREPARE A TENTATIVE BUDGET COVERING THE FIRST QUARTER OF THE YEAR, WHICH HE WILL SEND TQ THE MEMBERSHIP FOR THEIR CONSIDER ATI ON ANO APPROVAL. Mr. Dunn, as Chairman of the Oata Book Committee, reported that at a MEETING OF THE COMMITTEE HE WAS AUTHORIZED TO CONTRACT FOR THE PRINTING OF the Data Book. This contract was prepared for 75,000 copies of the bame and THE ORDER WAS PLACED WITH THE CaREY PRE8S OF NEW YORK ClTY, WHO WERE THE LOW BI00ER8 FOR THE WORK. UPON MOTION DULY MADE, 8EC0N0ED ANO UNANIMOUSLY PA88E0, IT WAS RESOLVED, THAT THE CONTRACT WITH THE CaREY PRES8 FOR THE PUBLICATION OF 75, 000 COPIES of the Data Book is hereby ratified and APPROVED. Mr. Stickles was then called upon by the Chairman to report as counsel UPON THE DISSOLUTION OF THE BRAKE LINING MANUFACTURERS' ASSOCIATION, INC. ANO THE ACQUISITION OF THE A88ST8 BY THE INSTITUTE. The MEETING WA8 INFORMED THAT on September 23rd, 1948 Brake Lining Manufacturers * Association, Inc. was OFFICIALLY DISSOLVED. THE BOARD OF DIRECTORS ACTING AS TRUSTEES IN WINDING UP THE SU8INE88 OF THE ASSOCIATION ATTEMPTED TO PRESERVE THE DaTA BOOK INFORMATION BY KEEPING IT UP-TO-DATE A8 FAR AS P088IBLE* On ApRIL 27TH, 1949 A MEETING OF the said Board of Directors of BLMA in dissolution was hao,at which time an OFFER WAS MADE ON BEHALF OF THE INSTITUTE TO PURCHASE THE ABSET8 OF THE A88OCIATION WITH THE EXCEPTION OF THE CA8H ON HANO AND U. S. SAVINGS BONDS, 0FOR THE SUM OF 14,000. THIS OFFER BY THE INSTITUTE WA8 ACCEPTED BY THE Board gf Directors of Brake Lining Manufacturers' Association, Inc., acting as TRU8TEES IN THE DI880LUTI0N OF THE A880CIATI0N. An ASSIGNMENT OF ALL COPY RIGHTS issued to Brake Lining Manufacturers' Association, Inc. from the inception OF THE PUBLICATION OF THE DATA BOOK TO DATE YIAS MADE TO THE INSTITUTE AND A BILL OF 8ALE WAS ALSO EXECUTED BY THE OFFICER8 OF BRAKE LlNING MANUFACTURERS* Association, Inc. transferring the fixtures ano other assets to the Institute. In completing the transaction the Institute assumed a possible contingent LIABILITY OF THE 3rAKE LlNING MANUFACTURERS* ASSOCIATION, INC. IN THE MAX IMUM PRINCIPAL 8UM OF $2,500.00. The LIQUIDATION OF THE BRAKE LlNING MANUFACTURERS1 Association, Inc. was completed as of April 30th, 1949. It was further disclosed THAT THE CONSIDERATION OF $14,000 PLU8 CASH ON HANO AND U. 8. SAVINGS 30NDS IN IT8 POSSESSION, WA8 SUFFICIENT TO ALLOW THE BRAKE LlNING MANUFACTURERS1 Association, Inc. to pay off its obligation and end up with nothing in the FMSI 00651 -3TREA8URY, AND FURTHER THAT THIS $14,000 WAS RAISED FROM MEMBERS OF THE Institute by assessment and paid to the olo Association, The Board of Directors at a Special Meeting had authorized the offer above SET FORTH FOR THE A8SET8 OF THE BRAKE LINING MANUFACTURERS' ASSOCIATION, InC. ANO the Chairman requested that the resolutions passed by the Board of Directors be PRESENTED TO THE MEETING IN OROER THAT THE MEMBERSHIP WOULD HAVE AN OPPORTUNITY OF RATIFYING THE 8AME. The Acting Secretary read the saio resolutions and they were acted upon in THE FOLLOWING ORDER. Upon motion duly made, secondeo and unanimously passed the following RESOLUTIONS ADOPTED AT THE SPECIAL MEETING OF THE BOARO OF DIRECTORS ON April 27TH, 1948, WERE RATIFIED AND CONFIRMED: WHEREAS, BLMA has for a number of years published a Data Book which has been AN IMPORTANT FACTOR IN STANDARDIZING SPECIFICATION AND 8IZES IN THE INDU8TRYJ ANO WHEREAS, saio BLMA is now in dissolution and HAS DISCONTINUED THE PUBLICATION OF the Data Book; and WHEREAS, IT IS THE CONSENSUS OF OPINION OF this Boaro of Directors that the NTERE8T OF THE MEMBERS OF THE Institute and the industry at large WILL BEST BE SERVED BY PURCHASING THE PUBLICATION RIGHTS TO THE Data BOOK AND CONTINUING IT8 PUBLICATION; AND WHEREAS, the President of the Institute has made an offer on the Institute's be half FOR THE PURCHASE OF CERTAIN OF THE A8SCTS OF BUM, INCLUDING * PUBLICATION RIGHTS TO THE DaTA BOOK; ANO WHEREAS, the Association has accepted the offer of the Institute with the condition that the Institute save harmless the members of the Boaro, of Directors of the Associ ation, IN DISSOLUTION, OF AND FROM ANY LIABILITIES OF THE ASSOCIATION NOT NOW PROVIOEO FOR, UP TO AN AGGREGATE PRINCIPAL 8UM OF $2,500; NOW THEREFORE, BE IT RESOLVED, THAT IT IS TO THE BEST INTERESTS OF THE MEMBER8 OF THE INSTITUTE AND OF THE INDUSTRY AT LARGE THAT CERTAIN A88ET8 OF BLMA, IN DISSOLUTION, AS SET FORTH ABOVE, BE ACQUIRED; AND BE IT FURTHER FMSI 00652 4- RESOLVED, THAT THE OFFICERS OF THE INSTITUTE BE AND THEY HEREBY ARE AUTHORIZED AND DIRECTED ON BEHALF OF THE >N8TITUTE TO FURCHASE ALL OF THE A88ET8 OF 8LMA, IN DISSOLUTION, WITH THE EXCEFTION OF CASH IN BANK AND INVESTMENTS, AND INCLUDING ALL RIGHTS TO THE DATA BOOK, FOR THE 8UM OF foURTEEN THOUSAND ($14,000) D0LLAR8, AND WITH THE FURTHER PROVISION THAT THI3 INSTITUTE SAVE HARMLE88 THE MEMBERS OF THE BOARD OF DIRECTORS of the Association, in dissolution, or and from anv LIABILITIES OF THE ASSOCIATION, PAYMENT OF WHICH HAS NOT BEEN FULLY PROVIDED FOR, UP TO AN AGGREGATE PRINCIPAL 8UM OF $2,500} AND BE IT FURTHER RESOLVED, that the Treasurer of the Institute upon delivery to the Institute of the assets accompanied by INSTRUMENTS OF TRANSFER ANO ASSIGNMENT IN A FORM APPROVEO BY C0UN8EL TO THE INSTITUTE, SHALL PAY TO 3LMA the sum of Fourteen Thousano ($14,000) Dollars; AND BE IT FURTHER RE80LVED, THAT THE PRESIDENT OF THE INSTITUTE BE ANO HE HEREBY IS AUTHORIZED TO EXECUTE AN INSTRUMENT WHEREBY THE Institute saves harmless the members of the Board of Directors of the Association, in- dissolution, of AND FROM ANY LIABILITIES OF THE ASSOCIATION NOT NOW PROVIDED FOR, UP TO A MAXIMUM AGGREGATE SUM OF $2,500. RESOLVED, THAT THE SOTI ON OF THE PRESIDENT IN LEVYING AN ASSESSMENT UNDER DATE OF MARCH 23, 1949, AND A SUPPLEMENTAL ASSESSMENT UNDER DATE OF APRIL 20, 1949, IN ACCORDANCE WITH THE PROVISIONS OF SECTION 2 OF Article VIII and Section 3 of Article IX of the Constitution, for the purpose of raising the neo cssary FUNDS WITH WHICH TO PURCHASE THE A8SET8 OF 3LMA, IN DISSOLUTION, BE AND THE SAME HEREBY IS APPROVEO, RATIFIED ANO CONFIRMED. RESOLVED, that the Institute publish a new edition of the Data Book under the nrmc FRICTION NVTERIaLS DATA BOOK, WITH PUBLICATION DATE OF JUNE I, 1949, OR AS SOON THEREAFTER AS PRINTING ANO DISTRIBUTION CAN BE ACOOMPLI8HED, ANO IT IS FURTHER RESOLVED, that the Treasurer of the Institute be and he HEREBY IS AUTHORIZED ANO DIRECTED TO ENTER INTO A CONTRACT, ON BEHALF OF THE INSTITUTE, FOR THE PRINTING of the new Data Book, with such printing company as HE MAY IN HI8 DISCRETION SELECT. RESOLVED, that Mr. Vincent A, Spina be and he hereby is appointed a Committee of One to take such steps as he deems ncoESSARV TO ANNOUNCE IN APPROPRIATE TRADE J0URNAL8 ANO OTHER WEDI A, THE ORGANIZATION OF THE NEW INSTITUTE. FMSf 00653 -5- RESOLVED, THAT THE OFF 1CER8 OF THE INSTITUTE BE AND THEY HEREBY ARE AUTHORIZED AND DIRECTED TO TAKE OVER THE PREMISE8 now occupied by 8LMA at 370 Lexington Avenue, New York 17, New York, and to pay therefor to the landlord THE RENT OF 3149.50 PER MONTH. RESOLVED, THAT THE OFF 1CER8 OF THE INSTITUTE BE AND THEY HEREBY ARE OIRECTEO TO PRESENT AT THE NEXT MEETING OF THE MEMBERSHIP A RESOLUTION AMENDING SECTION 1 OF ARTICLE IX of the Constitution so as to read as follows: "SECT ION 1, INITIATION FEE." The Initiation fee payable upon ADMISSION TO THE INSTITUTE SHALL BE $1,000.00, EXCEPT THAT ANY MEMBER ELECTED TO MEMBERSHIP AS A CHARTER MEMBER BY THE INCORPORATORS AT THEIR F1R8T MEETING, OR ANY MEMBER ELECTEO TO MEM8ER8HIP ON OR BEFORE June 6th, 1949, shall not be required to pay any INITIATION FEE." RESOLVED, THAT AN ASSESSMENT BE LEVIED IN THE AMOUNT OF $4,500.00 AND IN THE RATIO PRESCRIBED UNDER SECTION 2 OF ARTICLE IX of the Constitution, for the purpose of carrying on the work of the Institute for the balance of the fiscal year ending June 30, 1949, and it was further RESOLVED, that the Treasurer of the Institute be and he hereby is authorized and directed to send out appropriate NOT 1CE8 OF A88E88MENT TO EACH INDIVIDUAL MEMBER COVERING HI 8 PROPORTIONATE 8HARE. The question as to whether or not the Data Book information would be available FOR ANY CONCERNS NOT MEMBER8 OF THE INSTITUTE WA8 PRESENTED AND AFTER A LENGTHY DISCUSSION THE FOLLOWING RESOLUTION WAS DULY PRESENTED, SECONDED AND UNANIMOUSLY asseo: RESOLVED, That the Data Book information published or un published, OR ANY SERVICE8 RENDERED THEREWITH BY THE STAFF OR THE MEMBER8 OF THE INSTITUTE, WILL NOT BE FURNI8HED TO ANY INDIVIDUAL, CORPORATION OR FIRM OUTSIDE THE MEMBERSHIP OF THE INSTITUTE EITHER GRATUITOUSLY OR FOR A CONSIDERATION, EXCEPT THAT COMPLIMENTARY COPIES OF THE DaTA BOOK MAY BE FURNISHED TO 1 NO 1V10UAL8 AND FIRMS APPROVEO BY THE DATA BOOK Committee. The question as to the proposed change of name of the Institute was then presented FOR CONSIOERATION AND AFTER DISCUS8I0N, THE FOLLOWING RESOLUTION WA8 PRESENTED, SECONDED AND UNANIMOUSLY PA88EDI BESOLVEO, THAT IT IS TO THE BEST INTERESTS OF THE INSTITUTE THAT IT8 NAME BE CHANGED TO FRICTION MATERIALS STANDARDS { INSTITUTE, INC., and be it further RESOLVED, THAT THE OFFICERS OF THE INSTITUTE BE, AND THEY HEREBY ARE, AUTHORIZED TO APPLY TO THE SECRETARY OF THE STATE of New York, in form approved by counsel, for the PURPOSE OF ACCOMPLISHING THE CHANGE OF NAME ABOVE SET FORTH. \ \ FMSI 00654 6- The Nominating Committee was askeo by the Chairman to report prior to the HOLDING OF THE ELECTION OF DIRECTORS. The CHAIRMAN OF THE SAID COMMITTEE PRE SENTED THE COMMITTEE'S REPORT AND NOMINATED THE FOLLOWING FOR MEMBERS OF THE Board: Thomas L. Gatke - Director at large Class Cla8& Class I, two 11, u III, n year term - Frank Miller. " " - Fred Weyburne " " - G. E. Ritter Class Class Class I, one II," III, " year " * term - Joseph Brown " - Amor P. Smith " - Vincent Spina The Chair called for nominations from the floor and there were none presented. Upon motion duly made, seconoed and unanimously adopted, it was RESOLVED, that the Acting Secretary cast one ballot each for Mr. Gatke Mr. Filler, Mir. 'Veyburne, Mr. Ritter, Mr. Brown, Mir. Smith and Mr, Spina, to be members of the Boars of Directors in accordance with the provisions of the Constitution ano By-Laws. The Acting Secretary announced to the meeting that he hao cast one vote EACH FOR THE RESPECTIVE NOMINEE8 ANO THE CHAIR ANNOUNCED THAT THEY HAO 8EEN DULY ELECTED MEMBERS OF THE BOARD OF DIRECTORS. (AT THIS POINT LUNCHEON RECES8 WA8 TAKEN) The meeting was resumed at 1:30 P.M. The question as to the continuation of furnishing copies of the Data Book TO CERTAIN INDIVIDUALS EMPLOYED BY CAR, CLUTCH AND BRAKE MANUFACTURERS, WHO A8SI8TED IN ASSEMBLING OF DaTA BOOK INFORMATION WAS FULLY 01SCU88ED AND UPON MOTION OULY MADE, 3ECONOEO ANO UNANIMOUSLY ADOPTED, IT WAS RESOLVED, that the Data Book Committee establish an approved LIST OF CAR, CLUTCH AND BRAKE MANUFACTURERS, tJOTH A8 TO COMPANIES ANO INDIVIDUALS TOT WHICH COMPLI MENTARY COPIES OF THE Data BOOK BE 8ENT, TOGETHER WITH A LETTER FROM THE PRE8I0ENT OF THE INSTITUTE. The QUESTION AS TO WHAT HEAOING WOULD BE USED IN 0E8IGNaY|NG NUMBERS FOR Data Book publication was discussed and upon motion duly made, seconoed ano UNANIMOUSLY PASSED, IT WAS RESOLVED, THAT THE LETTERS Fi-6 BE USED IN ALL REFERENCE to the Data Book information. Consideration was next given to the request of the Canadian BLMA to become A MEMBER OF THE INSTITUTE. AFTER DI8CU68I0N THE FOLLOWING RESOLUTION WAS DULY MAOE, SECONDED ANO UNANIMOUSLY PA88E0; RESOLVED, THAT THE APPLICATION OF THE CANADIAN BLMA FOR MEMBERSHIP in the Institute be referreo to the new Board of Directors for investigation and report back to the MEMBERSHIP A8 TO IT8 FINDINGS. FMSI 00655 The question as to the method of raising dues ano assessments was then FULLY DISCUSSED, ANO IT WA8 THE CONCENSUS OF OPINION OF TH08E PRESENT THAT the new Board of Directors should consider the entire situation as to dues AND A88E8SMENT8 AND REPORT ITS FIN0ING8 TO THE MEMBERSHIP FOR ACTION. A LETTER FROM THE INLAND MANUFACTURING DIVISION OF GENERAL M0T0R8 CORPORATION, dated June 6th, 1949 was read by the Acting Secretary, upon request of the Chair man. ThI8 COMMUNICATION REFERRED TO A DECLARATION POLICY OF THE INSTITUTE. After a prolonged discussion the following resolution was ouly presented, seconded AND UNANIMOUSLY ADOPTED! WHEREAS, this Institute DEVOTED TO THE members; ano is dedicated to the public service and RENDERING OF TECHNICAL ASSISTANCE TO IT8 WHEREAS, THESE FURPO8E8 OF THE INSTITUTE CAN BEST BE ACCOMPLISHED THROUGH THE COOPERATIVE EFF0RT8 OF ALL OF THE MEMBERS OF THE INDUSTRY*, AND WHEREAS, IT IS THE CONCENSUS OF OPINION OF THE MEMBERS OF THE Institute gathered at this its First Annual Meeting that A CLEAR STATEMENT OF PURPOSES AND ACT IV!TI8 BE ADOPTED; NOW, THEREFORE, BE IT RESOLVED. ' THAT THE OBJECT OF THIS INSTITUTE IS TO RENDER TECHNICAL ASSISTANCE TO ITS MEMBERS THROUGH THE PUBLICATION OF DATA RELATING TO DETAILED SPECIFICATIONS OF BRAKES AND CLUTCHES; BY SUPPLYING TO THEM ENGINEERING DATA AG TO SIZES, TYPE8 AND DRILLING PATTERN8 WHERE RE QUIRED OF BRAKE LINING8 AND CLUTCH FACINGS AS FURNISHED BY CAR, IMPLEMENT, BRAKE ANO CLUTCH MANUFACTURERS. This information and data to be supplied to members IN THE FORM OF BLUE PRINT SPECIFICATION, DATA BOOK PUBLICATIONS AND SPECIAL BULLETINS; AND BE IT FURTHER RESOLVED, that the foregoing object shall be accomplished THROUGH THE FOLLOWING ACTIVITIES; (1) By MAINTAINING A SMALL STAFF FOR THE PURPOSE OF COLLECTING DETAILED SPECIFICATIONS RELATING ' to friction materials to be used in conjunction WITH BRAKE8, CLUTCHES AND OTHER EQUIPMENT. (2) By having such staff edit and arrange the TECHNICAL DATA FOR PUBLICATION AND DISTRIBUTION TO MEMBERS. (3) By publishing periodic editions of the FRICTION MATERIALS Data BOOK CONTAINING THE TECHNICAL AND ENGINEERING DATA ASSEMBLEO BY ITS 8TAFF ANO PUBLISHING FROM TIME TO TIME SUPPLE MENTS ANO BULLETINS TO SUCH ANNUAL DaTA BOOK IN ACCORDANCE WITH THE REQUIREMENTS OF THE MEMBERS FMSI 00656 -8- (4) To MAKE AVAILABLE THE DaTA BOOK, BLUE PRINTS AND BULLETINS TO MEMBER8 OF THE INSTITUTE? AND BE IT FURTHER RESOLVED, THAT THE FOREGOING 8HALL CONSTITUTE THE SOLE OBJECT AND ACTIVITIES OF THE INSTITUTE AND THAT THE Directors and officers are hereby restricted from deviating from or extending the foregoing object AND ACTIVITIES WITHOUT THE PRIOR CONSENT OF THE membership given at a meeting properly called for that purpose. It was stated that it would be essential to send out statements covering DUES FOR THE FIR8T QUARTER, IN VIEW OF THE FACT THAT A FULL BUDGET HAD NOT BEEN PRESENTED FOR CONSIDERATION BY THE MEMBERSHIP, AND UPON MOTION DULY MADE, SECONDED *NO UNANIMOUSLY PASSED, IT WAS RESOLVED, THAT THE DUE8 FOR THE FIRST QUARTER OF THE EN8UING YEAR FOR MEMBERSHIP BE ARRIVED AT BY THE SAME FORMULA AS THAT USED IN FIXING THE A88ES8MENT THAT WA8 PAID BY MEMBERS OF THE INSTITUTE FOR THE PURCHASE OF THE ASSETS OF THE DRAKE. LINING MANUFACTURERS* AsSOCI AT I ON, INC, The question as to whether or not the Institute would make any contributions to the Public Roads Acvisory Committee or the National Safety Council was dis cussed, and upon motion duly, made, seconded and unanimously adopted, it was RESOLVED, that the question of contributions be referred to the new Soaro of Directors for their determination and with the power to act thereon for the Institute. Upon the request of the Chairman the Acting Secretary then read a letter t<ovi Asbestos Manufacturing Company, dated June 6th, 1949, tendering its re signation as a member of the Institute to take effect immeoiately. This communication was referreo to the new Board of Directors for consideration as to whether or not the requirements of the Constitution and By-Laws of the Institute had been complied with, ano with authority to act upon the request. Further letters from Asbestos Manufacturing Company under date of June 16th, , (2) and June 17th, requesting particular information about specifications and brake linings were then read. Mr. Stickles, as counsel was requested to report on the application for the adoption of Rules of Fair Practice, now penoing before the Federal Trade Commission. After a report was presented, and the matter fully discussed, upon motion duly made, seconded and unanimously adopted, it was RESOLVED, that no further action be taken by the Institute for HAVING CONFERENCES TOWARD THE END OF ADOPTING RULES of Fair Practice. There being no further business to come before the meeting, upon motion duly MADE AND SECONDED, IT WAS . ADJOURNED LESTER D. STICKLES (Acting Secretary) FMSI 00657