Document MMpkkZgJQXapMmmpwee5Oe61j

THL NATIONAL L--vD CONI'ANY r,;:o..TH o f a ccnronAriON The national Lead Company is an American corporation engaged in the minin- and manufacture of lead, zinc, titanium, antimony and other metal products, chirraicals and derivatives. The company was incorporated in 1891, as a direct result of the consolidation of 25 individual lead and oil companies, tho largest of which were located in 9 cities. An examination of the backgrounds of the founding companies would be of interest at thi3 coint. 1. Philadelphia, Pa. a) John T. Lewis and Co. - founded in 17~2, engaged in importing white lead and red lead. Uhite lead first manufactured here in 1820, followed shortly thereafter by linseed oil and colors. The company was incorporated in 1888. b) western V.hite Lead Company - little is known about the origin of this company. In 1391, control of both companies passed to the National Lead Company and they were combined into the John T. Lewis and Bros, branch. 2. New York, N- X.* a) Brooklyn Miite Lead Company - incorporated in 1825. b) Jewett 'white Lead Company - organized in 1830, c) Bradley white Lead Company - little known about origin. % These three companies wore consolidated in 1890 a3 the National Lead and Oil Company of New York and as the National Lead and Oil v.orks Branch in 1891. d) Atlantic V.hite Load and Linseed Oil Company - incorporated in 1866. ' This became the Atlantic White Lead and Linseed Oil Branch of the National Lead Company in 1891. e) Ulster Lead Company - little known. f) Union V.'nite Load Manufacturing Company - little known. In 1893- the above two companies plus the two previously formed branches were combined into the Atlantic Branch of the National Lead Company. 3. buffalo, N. Y. a) Henry P.oop and Co. - founded in 18A1 and later became Thompson and Company, 0000-NLI-000022110 1 N 1138 -2- b) Niagara V.hite Lead Company - founded in 1852. These were consolidated Ln 1865 as S.G. Cornell and Son3, and incorporated in 1867 as the Cornell Lead Co. In 1391, this became the Buffalo Branch of the National Lead Company. 4. Boston, Mass. a) Salen Load Co. - incorporated in 1868, Became the National Lead Company of Massachusetts in 1891. b) Boston Load Co. - incorporated in 1829. c) Chadwick Load Co. - incorporated in 1379. 71:0 lant tv.o companies vere not founders cf the National Lead Company but vere- combined in lyci as the Chadvdok-Loaton Load Co. This was purchased by the United Lead Company which joined the National Lead Co. in 1926. It . 1928, the Inited Lead Cc. consolidated with the National Lead Co. of Mans, as the National - Breton Luad Cc. In 1946 the nano of this Boston Branch of the National Lead Co. became again the National Lead Co. of Mass. 5. Cincinnati. Ohio a) Anchor White Lead Co. - founded in 1828, incorporated in 1874. b) iuckstein Co. - founded in 1836 for the manufacture of white lead. Incorporated in 1880. These became the Cincinnati Branch of the National Lead Co. in 1891. 6. Ot. Louis, Ho. * a) Collier White Lead and Oil Co. - founded in 1837, incorporated in 1851. b) St. Louis Lead and Oil Co. - founded in 1865. c) Southern White.Lead and Color Co. - founded in 1862, incorporated in 1867. d) Missouri Lead and Oil Co. - incorporated in 1872. These four companies were absorbed into the National Lead Co. in 1891. 7. Chicago, 111. a) D.B. Shipman White Lead Co. b) Southern White Lead Co. 0000-NLI-000022111 -3- Little is known about the marly history of those companies, however, they became part of the National Lead Co. in 1891. J. Pittsburgh. Pa., a) Fahnestock Ybite Lead Co. - founded in 1849, incorporated in 1872. b) Beymer-Bauman Lead Co. -- founded in 1867, c) Davis-Chambers Lead Co. - founded in 1884. d) Armstrong-Mc^elvey Lead and Oil Co. The above companies were combined into the national Lead and Oil Co. of Pennsylvania - Pittsburgh Branch in 1891. e) Davis Lead Co. - purchased by the National Lead Co, in 1907. 9. Cleveland, Ohio a) J.H. norloy end Co. - founded in 1862, incorporated in 1887. Became the Cleveland Branch of the National Lead Co. in 1891. These were the founding companies. A study of the National Lead Co. Annual Reports subsequently shows the growth of the corporation into the industrial giant that it is today. 1897 - St. Louis Smelting and Refining Co. acquired for $1,500,000. 1899 - Baltimore Branch established. 1903 - Baltimore Branch deleted (Annual Report). 1911 - Baltimore Branch operations apparently taken over by she John T. Lewis And Co. Branch of Philadelphia, Pa. National Lead Co. of California Branch established. National Lead Co. acquired interest in these 5 corporations: Carter 'white Lead Co. Heath and Milligan Manufacturing Co. Magnus Metal Co, (Brass) United Load Co. (flew York) United States Cartridge Co. (Painto) 1920 - Hirst and Begley Linseed l-.'orks - a Branch National Lead Company of Argentina - a Branch The National Lead Co. had acquired interest in these 7 companies. 0000-NLI-000022112 Titanium Pigment Co. - (purchase of cne half of outstanding capital stock) Baker Castor C;i 1 Co. Bass-Keuter faint Co. Cinch expansion Holt and Engineering Co. Rathescn Lead Co. River Smelting and Refining Co, (Zinc) ..illiams Harvey Co. - England and U.S. (Tin) 1926 - The Company acquired interests in: Metallurgical and Chemical Co. (l.Tiitc metals) Rational Pigments and Chemical Co. (Barytes) (E. V.', Blatchford Co. first named but not listed) The Company sold the UP Cartridge Co,, but it continued to supervise the manufacture of the products and their distribution through the Branches. 1927 - The Company acquired: Newton Die Casting Co. Titan Co. A/s - Norway Titan Co., Inc. Titangescllshaft - Gbrmany Societc Industrielle du Titane - France The Company dropped liatheson Lead Co, 1928 - L, V,, Blatchford Co. - (type netal) a Branch Baltimore Branch reinstituted. The Company acquired: Georgia Lead Co.* Hoyt Metal Co. of Canada - (Lead, brass and bronze) The Company absorbed the United Lead Co. by absorbing its bonds. Interests in the following companies were discontinued: River Smelting and Refining Co. Metallurgical and Chemical Co. 1929 - Gibson and Price Co. - Branch The Company organized the Rational Lead Company of Canada, combining the Hoyt Metal Co. cf Canada, the Canada Metal Co. and the Robertson Lead Co, The Company acquired an interest in the Midwest Carbide Corp. Also, through sale of 3tock, fart interest was obtained in the Patino Mines and interprises mining tin in Bolivia. I V 0000-NLI-000022113 The Company discontinued the Hirst and Begley Linseed Oil Branch. 1930 - Company acquired Korris P. Kirk and Son - (Lead alloys) The Company integrated the activities of the Bass-Hcuter Paint Co. v.'ith the National Lead of California Branch. Interests in the following companies were discontinued: Cinch Lxpansion bolt and .Engineering Co. Ivilliams Harvey Co. 1931 - Company acquired interest in Hoyt Hctal Co. of Great Britain - (Anti-friction metals) 1932 - Company acquired interests in: American Lead Co. ivans Lead Co. Titanium Pigment Co. - all outstanding capital Btock not previously ovned bought out by the National Lead Co. In payment the National Lead Co, delivered KLC Preferred "A" stock at 0130 per share, with the agreement th-.A they could buy back the stock any time within 3 years on 3 months notice at the same price. 1933 - Company acquired controlling stock interest in I'-aster Petals, Inc. smelters of secondary metals. Company acquired interest in Virginia Lead Smelting Co. - smelting of secondary metals. British Titan Products Co. formed in angland. Titan Co. has a substantial stock interest in this new venture, together with A other English companies (including Imperial Chcm. Ind.) The National Lead Company of California Branch was renamed the Pacific Coast Branch. 1931 1935 No changes. Company acquired a majority interest in American Bearing Co. - precision bearings. The National Pigments and Chemical Co. (a wholly owned subsidiary), acquired the assets and business of California Talc Co. Silica Products Co. Baroil Saloa Co. (uiowncd balance only) These companies produce materials for and service the petroleum industry. Company liquid-.ted the Virginia Lead Smelting Corn. 0000-NLI-000022114 -6- Thi6 transaction involved a charge to Profit and Loss of 392,852.92. 1936- The National Lead Company, v.lth a view tov.-ard saving taxes, decided on a policy of simplifyin" its corporate organisation by dissolving most of its subsidiary companies. A few oT t'.csc companies where there were special reasons for not dissolving, were permitted to retain their former corporate structure. The follovdng list gives the name of the suosidiary and the date of dissolution: Titanium Pigment Co. National Pigments and Chemicals Co. California Talc Co. Silica -roducts Co. National Pigments Co. National barytes Co. Uaroid Sales Co. Kagnu3 Co, Inc. N.Y. Magnus Co. Inc. in Cal., Col., Conn., Ga., 111., Kan., Kv., ..ich., Mo,, Orcg,, ---- - 7 ----- livans Lead Co. U.S. Cartridge Co. Carter White Lead Co. Oct. 31, 1936 Oct. 31 Nov. 26 Nov. 30 Nov. 30 Copt. 30 "ov. 30 Oct. 31 Nov. 2 to Dec 31 Dec. 31 Dec. 31 Dec. 31 All of the assets and liabilities of the above companies were acquired in exchange for the capital stock of these companies. The resulting Company organization v;as then as follows: Branches Atlantic Branch v Baltimore Branch Buffalo Branch Chicago Branch Cincinnati Branch Cleveland Branch Tacific Coa3t Branch St. Louis Branch St. Louis Smelting and Kefining Works B. W. Blatchford Co. Branch t.van3 Load Division Carter Branch John T. Lewis and Bros. Co. llngnun Motal Divicion National Load and Oil Co. o'1 I'cnna. National-Boston Lead Co. National Load Co. of Argentina National Pigments and Chem. Div. Titanium Division ) 1---------- ( ~ 0000-NLI-000022115 -7- Corporationa in which National Lead Company io Interested Thrmvgh Ownership of all or Part of the Capital Stock,,_____ ________________ Amsrican Bearing Corp. American Lead Co. Eakor Caotor Oil Co, Hoyt Metal Co, Of Great Britain, LTD0 Morris P, Kirk and Son, Inc0 Ibstor Metalo, Inc. Mi<lv/cat Carbide Corp, The Canada Metal Co., LTD. St-. Lenin Smolting end Refining Co, Titan Co. A/S - Norway Titan Co., Inc, - Wilmington, Dol. Titanrooollnchaft - Germany Socioto Induotricllo du Titano -- Franco British Titan Producto Co., LTD, It i3 interesting to note that, carlior in 1936, ths ccnaon atock of tho company was eplit 10 to 1. 3J, ~ Company acquired an intcroot In Combined Hotals Reduction Co. - minora of load-zinc-ollver Company oot up following as distribution organisations: Evans Lead Corp. Magnus Metal Corp, Titanium Pigment Corp, 33 - Company went into the real estate business with Ponto Vedra Co, - Florida Land involved had encompassed sands which had yielded titanium ore. 39 - Company cot up the following Branchoo: Baroid Saloo Division - Oil Koll Drilling Mud Service Do Loro Division - Earium Sulphate and Calcium Sulphate '.' O - No changeo, ^.1 - No changes, <12L- Company, at request of the government, and undor contract with the Dofenso Plant Corp,, formed Magnesium Redaction Company, a subsidiary, at Luckoy, Ohio., to produco magnooium metal and magnesium alloys. Company sold tho Ponto Vedra Co. at a bool: loss of $458#330.27. The principal offico of tho Cempany was moved from Exchange Placo, Joro City to Sayrcvillo, N. J. ?''3 - Company required Edna Brass Manufacturing Co. - locomotive opocialitioa Company cold its holdings (at a lose) in Combined Metals Reduction Co. 1951 - Conran;.' v.\,s selected by the At.oTic onergy Conr-'isr,:'on as contractoperator of the reed F.aterials production canter near Cincinnati (iumal.j), Ohio. Company acquired an interest in Nickel Processing Ccrp. - Nicuro, Cuba, The Titan Corn, added the following l-ortign affllial.e Titaan NV - Netherlands. Company acquired all of the capital stock of The Chas. Taylor's fens Co. - refractories. 1952 - During the year the common stock cf the company vns split 3 for 1. 1952 - Company formed 2 new divisions: Pioneer Alloy Products Division - corrosion resistant fittings Steel Package Division - steel industrial.containers. Company formed organization to operate Atonic energy plant at Femald, Ohio. National Lead Company of tihio Company acquired majority' stock in Nickel Processing Corporation. Company purchased entire ownership of Titaugesellschaft m.b.Il. - Germany Duo to anti-trust litigation, company sold its interest in Titan Kogyo Kabushiki Kuisha - Japan (not previously mentioned in Annual Reports) 1953 - Company acquired the assets and business operations of Dochler-Jarvis Corporation - dic-casting of ncn-ferrous metal Operated on a divisional level- Company organized in the State of New York National Lead Company Found-ition, Inc. - philanthropic Company Joined with Goodyear Tire and Rubber Co. and Bird and Son, Inc. to form Kubarlte, Inc. - rubberized barytee for roads and air strips. Company formed the following wholly' owned corporation Titanium Alloy' Manufacturing Co. TTY. LTD - Australia 1954 - Company put into operation for the Atomic mergy Commission, Laboratories at Winchester, Mess, and Middlesex, N. J. These are being run byf the National Lend Co. of Ohio. 0000-NLI-000022117 If 4 Company organized the following subsidiary, in which they own the majority stock interest National lead Company of the Phillipincu. Cora:'any organized the following Canadian subsidiary Baroid of Canada, LTD, 1955 - Company purchased Southern Screw Co. - complete line of screws Company formed, as partially owned subsidiary, Abboy Chemicals, LTD. - England - distributors of stabilizers, "Dentones" and pigments. 1956 - Morris P. Kirk & Son, Inc. purchased, os a subsidiary Fioneer Aluminum, Inc. J Company formed South American affilin+c Baritina de Venezuela, S. A. - distribution and eventual manufacture of oil welling drilling materia],3. Company took over operation of AEC uranium processing rill at Monticello, Utah. Company purchased Mud Products, Inc, - "Baroid" products This finishes tne chronicle of the growth of the National Lead Company up to the present moment. A summary oreakdown of the present organiza tion 1b 3hown below: BRANCHES AND DIVISIONS American Bearing Division Atlanta Branch Atlantic Branch Baltimore Branch Baroid Division Chicago Branch Cincinnati Branch Cleveland Branch Do Lore Division Doohlor-Jarvis Division Ivans Lead * Division .'lagnu3 Hotal Division National Lead Company of Massachusetts Facific Coast Branch Philadelphia Branch St. Louis Branch St. Louis Smelting and Refining Division Southwestern Branch Stool Package Division Toxan Mining and Smelting Division Titanium Alloy Manufacturing Division Titanium Divieion 0000-NLI-000022118 -71- Corporations in which National Load Company io interested through ownership of all or part of the capital stocks Abbey Chemicals, LTD. Atr.orican Bearing Corporation * Baker Castor Oil Company Barber Dio Caetin-; Co., LTD. * Baroid of Canada, LTD. * Canadian Titanium Pigroento Limited * Doehlor-Jarvio Corporation * Lvane Lead Corporation *' Hoyt Metal Company of Groat Britain, LTD. * Morris P. Kirk and Bon, Inc. Magnus Brass Manufacturing Co. * Magnus Motal Corporation * Mastor Metals, Inc. Mineral Deposits FTT, LTD. Minnesota Linseed Oil Co. National Lead Company, Inc. * National Load Company (Philippines) National Lead Company of Ohio * National Lead Company (S. A. ,) (Argentina) Nickel Processing Corporation P.ubarito, Inc. Southern Screw Co. Tho Canada Metal Company, LTD. * The Char.. Taylor's Sons Co. Titan Co. A/S Socicto Belga Du Titanc , S.A. - Bolgiua Titan Company, Inc. * Societe lndu3triollo Du Titanc - Franco Titann N.V. - Netherlands Titanges*1. llschaft - Germany Titanium Alloy Manufacturing Co. FTY. LTD. * Titanium Metals Corporation of America Titanium Pigment Corporation * (*Miolly Otned) 0000-NLI-000022119 I. .