Document N28yXj9M3Be6MZLXQYzdRLxng

PLAINTIFF'S EXHIBIT OQMHQ BOHVg Ml NATIONAL AaSMTOS MAMPPACTURIMQ COMPANY. mm cm, jew j nt-M An lupioiiM and conference Ml told July 14th at the private office* of the above ccapaqy by f. A. Manate, with nr* John A* Seharwarth, president* hpCAX19H Affi JlffTKIiffTOfl Thi* plant and proparty la looatod at 113 Handoraon Street, Jersey City, lav Jaraay. It la at tha foot ar and af the Marrla Canal, which la apprexiaatelr 350 fa at fro* tha pro party, a public deck la located ana black from the property, to which water chip* ant a can be wade. Tha property la aerred by the Central Ballroad of Maw Jaraay, with two apura, ana far Inbound, and tha other far outbound Material. In addition, trucking platfora faollltloa at tha front and af tha building are provided far loading tan trucks at ana tlae. This plant location oarvaa Metropoll tan Maw York, and is within throe hours' trucking to Philadelphia and surrounding territory. tfSmSM 2ALUJL ..IffJL ftTJBMttifiLW8 JfflP The entire plant and property la located at leased land fran tha City of Jersey on a 99 year baais, having aver 30 years to run. Me buildings are of reinforced concrete construction and tile, fully sprlnklerod. Tha total floor area, including Manufacturing buildings, warehouses, and storage space, la 110,500 square fact, approximately 30 of tha total floor area, was built In 1919, and tha balance sines 1926, with four warehouse buildings, mabers 6, 7, 6, 9, and 10, built In 1931 and 1932. Tha buildings have boon well Maintained, arc adequately lighted with both natural and arti ficial light, and are well laid out. The Aaerlcan Appraisal Cenpaxy, In May, 1930, appraised the buildings at $500,000.00, and the Machinery at $635,600.00. Other itoas in clude railroad siding, $10,000*00, sprinkler equipaent, $30,000.00, ten auto trucks, $30,000.00, and effieo equipaent $5000.00. The present appraised value would run seatutors between $750,000.00 and $900,000.00 ecaplete* The Machinery* Talued at $635,000.00 as Of May, 1910, la brakes up by division* ef product* as fdllews: * loafing Machinery, stills, ate* - Pelt and paper sill Pipe severing afg. equipaent - Tapered slate shingles,written dews to Miscellaneous lteas $160,000.00 333.000.00 155.000.00 50.000.00 33.000.00 S003 0827 2 With the coeptloa of Mao 4000 Square foot of apaoe for point room, garage, and blaokaaith shop, built of tallow ill# construction, ond oddltlonol oterogti meetly frame, on top of boil ding Bo* 1# amounting to 10000 oquoro foot, the entire Reap of bail dingo lo rtinforood concrete construction, oooting tho neighborhood of |8*80 por oquoro foot sprinkled* Copioo of tho Aaorloaa Appraisal Ceapany'* roport of baildingo ond oquipaont oro attached to this roport* Aerial photo* shew tho baildingo and preparty, with 1 to roopaotive location to tho ond of tho Morrlo Canal* The otroot in front of tho bollding lo known ao Hondoroon street, which lo on lapartant thorofar# in Jersey City* jwgauwi* Thio plant hao on# 40* ooaploto roofing Bochins, and ono 40" aaturating unit sot up for oaturating both Slaytor*o fait and aophait aaturatod folt* All aaehinory lo fully oquippod with tho aoot aodom dotieto* It la of partioular not# that tho roofing aaehino lo adaptod with oapploto aultl-color oquipaont, which lo tho boat in tho industry* Xn addition, it la oquippod with auxiliary apparatuo for tho aawfaoturo of brlok aiding, which entails additional oooting and ourfaoing oquipaont* Tho roofing aaohlna proper hao a capacity of 180 rolls por hour, whloh lo a good atorago for tho industry* Tho oaturating unit hao a capacity of 800 to 850 factory square# par hour, both on aaturatod folt and SI aytor* a folt* a opocial aaehino woo doaignod for producing Square butt shingles, known ao tho Langston unit, which eeot originally $40,000*00* This was designed and built to got around tho Overbury patent. Tho slate and grit handling oquipaont is entirely autoaatlo, ualng dewaters and conveyors froa bins located la tho baoeaent wader tho roofing machines* supplying hap para looatod above tho naohlnoa without tho use of aamal labor* except a short haul froa tho binds to tho boot of the elor ator In the baeeaent# Bt can is goner atod in tho boiler plant* having approximately 600 bailor horsopowor oapaolty In two units, with stoker fired equipment* Cool ond hopper botton ears ore unloaded into o hopper* and fad by gravity to the firing pit st tho boilers* 'it. Power operated soavovoro are mood for taking Adagios away from the ond of tba aaohlna a to tho peeking rsons* P1LT MAMirACTURg: Thio pleat lo fully equipped with o 85-tan folt ond paper Bill, bhilt in 1987, af vary modern design, equipped to produoe oaboatoo CS0O3 0028  5 peper, rad raain ftpri and a full lint af reefing falls* The machine ia equipped vita considerable drying capacity, and with thraa careens, whloh ars uaad far tha various paper com binations* nr adding an additional Deafer aad Jordan, and tha wee af a little hlghar pressure ataan at tha dryara, it la wary paaalbla to praduao 45 tana af rsaflng fait par day fraa this mill* It la alas paaalbla to praduao ship hoard papar on this machine with aoaa alnor ohangss. Tha photographs anew tha furnish ataraga In tha largo square multiple at ary building. In whloh ars also looatad tha bsatsrs an tha flrat floor* Tha fait alll rana parallal with Henderson Stroot, as alas do tha asphalt roofing aaohlnaa* Madam rag ahoppsra, dr Ita a far In dividual boatars, Jordans, atocfc ahaata, and d^ forth, aro all part af this unit* Tha plant la atrataglsally loeatsd to taha advant&ga af hath faralgn and donaatlo raga, aa wall aa papar supplies* ASPHALT PaOCOCTIQN: This plant la equipped with firs Id thousand gallon stills, which oxidise Mexican asphalt to tha proper spool float Iona* Storage ia also proridad for fuel ail, whloh la uaad In firing the stills* A aost saapleta and largo aodara rooa and aquipaont exists for tha produet Ion af roof matings and plasties* fiEII? AKP ggHfittLJLP?. Shore are sene Id bins looatad wader tha roofing BaaMno In tha hasowont af tha felt and asphalt roofing unit* Tha goods are shovelled fraa ears through abates into tha respootlTe bins* Tha goods are than wheeled a short distance to tha beet of an elevator, which elevates to a eenrsyer, and than to tha hoppers ever tha sanding part of tha roofing naohlns* when brick aiding la aanafaetured, the coated aad earfowl shoot is passed ta a second story level, where it is reseated at tha proper pi aoaa, and than nmsuffaoed. hoferring ta the photograph, building Mo* 1, which la a large re inforced concrete building along Henderson Street, it has thraa atonies and tha bases ant, 60x500', which was erected In 1917, This houses the eoaplsts earnfeaturing and staring af aabeetoa pipe Severing aeterlali in ana earner af this building la loostad a v madam office far sales spar sting, and administration* Tha various taps wood in tha manufacture af sabastas pipe covering arc rahhar intermittent than aantlnuaus* Oansl darebis hand operations era wood far tha handling and gluing af muslin wrappers ta tha asbestos papers. The felt mill operates approximately tan days at a time an reefing CS003 0829 4 falls, which art pat into storage located adjaoent to tha five story reinforced concrete warehouse building* Tha falls are than truaked bp hand to tha warehouse balldlng Into tha fait and roofing aanufaoturing building* Tha storage qf both shingles and rollad goods is handlsd in ths On* story Vos wood roof building, which b poorly arranged* Inadequate track faoilitiaa for outbound shipment* axial at tha present time, but say ba aodifitd by running a spur around tha wutsida of thaao warahouaa buildinga* Sxeallant platfora faoilitiaa axial for outbound shipaanta froa both tha ahingla and rollad goods warahousas* COSTS: The aatarisla antaring into the aanufacture of aaph&lt roofing at this plant ara low in eoat* This is primarily dus to ths fact that thsy aanufso turs their own fslt, and take advantage of the profit normally sade In felt, plus the faot that they save the freight and handling on the felt, should it be pur chased froa an outaide sourot Secondly, all asphalt is pur- ohased as a Mexican flux, and is refined to the proper specifi cations for saturation and coating, which gives a saving of 4200 to $3*00 a ton over the purchasing of blown oat arials ready for use* The direst expense in the aanufaoture of asphalt roofing products is low because of ths low labor rats which is paid of 30 per hour, and no bonus* In sdditlon to this, ths speeds of ths aaehinea are good, and ths equipatent aodsrn, with a ainiaua amount of hand labor* Ths indirect expanses are probably higher than ths average roofing plant of this siss* Among some of ths major items are a lease of 46500*00 per year, taxes |5200*00, water for paper mill 42300*00. Should ths fslt mill operate on a 24 hour schedule, however, these fixed indirect expenses may bo prorated, so that the asphalt end would take a emeu proportionate share* warn. .mjm-izu This eonoern manufactures a complete line of low priced asbestos pipe oovering, tapered asbestos shingles, (not in prodnotion at present) asbestos paper, roofing felt, rod resin paper, asphalt rolled roofing, asphalt shingles, asphalt brisk siding, roof coatings and plastic cement, asphalt saturated felts, end Slayter** felt* The quality, generally speaking, is good, with complete control on the raw materials produced at the point of menufaoture* A?JSHOlSg_ARaA* lHVSHTQgT^ AflE SHIPPING TACIMIXPi There are approximately 50,000 square feet of one story warehouse buildings for shingle end rolled goods storage, with a rearrangement CS003 0830 9 of part of the space In the three story reinforced concrete building along Handaraon Street, and additional atorage apaea aan be provided. Only thraa oara oan be leadad at one time under ora oant trackage facilities. 80? of tha bualnaaa af this plant la now sada by trucks, which facilities ara antiraly adequate. Tha inventories at present ara wary lew. and would probably not axoaad |39,00000, inolading raw and finished goods* * Foil owing ara tha figures for total sales, and far tha aaphalt roofing salts for tha paat five years: 1929 - total sales Asphalt hoofing 994*oo 919,000.00 1930 - total aalas Asphalt Hoofing 1,316,000.00 - 960,000.00 1991 total salsa Asphalt Hoofing 1,449,000.00 919,000.00 1932 - total aalas Asphalt Hoofing 983,000.00 930,000.00 1933 - total sales estimated Asphalt Hoofing, estimated m 900,000.00 990,000.00 Prior to 1930 aalas ware sada direct to lusher dealers* at tha present tine they have soma SO large distributors, who sail soss 50J lunbar dealers through their distribution aouroas. Twelve of thaaa largo distributors ara dose to the plant, and sight of thorn ara looatad in hew England. Ten portent of tha total salas g>as to Harris brothers, Sears and Ward. One of the largest distri butors in tha United states, naealy Zgoe brothers, takas froirT9 h to 100 oars par ysar. Two othar distributors in Lang Island and Brooklyn arerags 90 ears par year eaeh. Bo applicators ara sold direct, but are oold through thair distributors. 9Qi of the tannage leaves tha plant by truck, and of this anount 49 is handled by tho national labe atoo 6oapaay*s oa float af trucks* . CS003 0831 This concern soils practically all of their asphalt roofing Material through distributors exclusively. with tha exception of approxlnately 10# to aail order houses, They have no salsa organi sation, and depend mtlrsly upon distributors for thair business. c- It la oooBon Information in tha **otropolitan Haw York arta that tba Rational Asbootoo Coapoay will sail anybody and avorybody, not adharlng to any particular policy* Tho outstanding adtantageo aro location, buildings, nodarn equipneni, fait Bill, bloving equipment, aaaufacturing experience, good costs, a full 11ns of produots* The outstanding disadvantages aro no dealer business 100 Jobber, and a largo InTestaant located at one point* It la belloTOd thla buslneoo oan bo purchasad for around $750,000.00* FAR:SOB F. A* Kanaka \a i- V % CS003 0832