Document NG3p21E3wyZa8vbK6Vpk27gOb

* JilMgPJIB! ^207^ Li I iO I I 1 i ANNUAL MEETING OF THE me mi-s r s o f Th i: LEAD l:;i 1ST:-IE3 /.crOCIATIOM New York, K.Y Kay 29, 1946 The annual meeting of the members of the Lead Indus tries Association was held on Tuesday, May E9, 1945, at 1:20 P.V. at the Waldorf-Astoria Hotel, New York, H.Y. PRESENT REPRESENTING W. A. Hennay Harold Shonberg Norman Hickman F. H. Brownell Clarence Glass J. H. Schaefer F. 17. Rockwell J. L. Pancoast I. H. Cornell C. H. Crane E. V. Peters F. F. Colcord L. R. Peters T. G. Stover Alpha Metals, Inc. Alpha Metals, Inc. American Metal Co. Ltd. American Smelting k Refining Co. International Smelting k Refining Co Anaconda Sales Co., agents Ethyl Corporation National Lead Co. North American Smelting Co. St. Joseph Lead Co. St. Joseph Lead Co. St. Joseph Lead Co. United States Smelting Refining k Mining Co. Inc. Western Electric Cc. Inc. Western Electric Co. Inc. GUEST William S. Robinson, London and Melbourne F. E. Woraser, Secretary-Treasurer R. L. Zlegfeld, Assistant Secretary REPRESENTED EY PROXY Bunker Hill k Sullivan Mining k Concentrating Co. Chief Consolidated Mining Co. Crown Metal Co. Dayrock Mining Co. Dickson Weatherproof Nall Co. Division Lead Co. Eagle Plcher Co. Federal Mining k Smelting Co. General Lead Co. Hammond Lead Products Inc. Hecla Mining Co. Imperial Type Metal Co. Johnston Tin Foil k Metal Co. John R. MacGregor Lead Co. Metals Refining Co. Mike Horse Mining !c Milling Co. New Park Mining Co. Northwest Lead Co. Fark Utah Consolidated Mines Co. River Smelting k Refining Co. Rochester Lead Works, Inc. Shattuck Denn Mining Corp. Sherman Lead Co. Sherwin-Williams Co. Silver King Coalition Mines Co. Silverstoin k Plnsof, Inc. Standard Rolling Mills, Inc. Tamarack k Custer Consolidated Mining Co. , Tlntlc Stnndard Mining Co. United American Metals Corp. Victory White Metal Co. Hyman vlener & Sons Vulcan Lead Co. V.'ensley Metal Products Co. l ! w*air*W)wiPiPW Iifniny* j^yxw.->- ' *-- LIA20720 Annual Meeting Minutes Kay 99, 1945 -Slir. Crane occupied the chair. D The minutes of the previous meetlnf held on May 15, 1944, were approved. F.FPORT OF SECRETART AMD TREASURER_________________ The Report of the Secretary was approved and Is at tached as Exhibit "A." In submitting his report, the Secretary made a few ex temporaneous remarks referring to events that had transpired since the period covered by his report. He referred particu larly to the Association's activities in opposition to the extentlon of the Reciprocal Trade Agreements Act and the Federal Trade Commission case against the rhite lead manufacturers to which the Association is not a party but the decision on which will have great bearing on all industries using the basing point system. He also told of the cedlcal investigations which throw doubt on diagnoses of lead poisoning in children which the Association has been conducting, including arrangements with the Children's Hospital in Eoston and Johns -He pkirs in Baltimore. He pointed out that since arrangements have teen made with these hospitals to investigate further cases of lead poisoning in children, no cases had arisen. The members might draw their own conclusions from this. He also said that this investi gation is continuing. In concluding, he thanked the members for the prompt and effective assistance he had invariably re ceived from them in all Association activities. The report on the audit of the accounts of the Associ ation as of December 31, 1944, by Haskins and Sells, was read by the Treasurer and accepted. It is attached as Exhibit rB." REPORT OF THE PRESIDENT The President then made a brief report stating that the Association had been formed with one of its objectives to pro mote the sale of lead and lead products. During the war this had been difficult as there was not enough lead for every demand. He also stated that a purpose of the Association was to protect the industry from attack. In addition, the Association had per formed an Invaluable service in providing statistics to the Washington authorities quicker than they could collect them them selves. He went on to say that the Washington contacts of the Association, both among the war agencies and in Congress, had been invaluable. He felt that in the future, the Association should be more aggressive from the health angle and Instead of sitting back to defend Itself, it should perhaps educate the pub lic. He concluded his remarks by saying that he felt the lead industry, representing miners, smelters, refiners and manufacturers as it does, had more strength than many other industry associ ations differently organized and that the arrangement had worked ha; -'lly for all concerned. ^mr in Annual Masting Minutes May 9, 1945 3- - FLECTION OF EOARD OF DIRECTORS A quorum being present. In person or by proxy, the fol lowing directors were duly nominated, and there being no other nominations, and all nominees being eligible, the following were unanimously elected Directors of the Lead Industries Association for the ensuing year. REPRESENTING B. N. Zlnmer, Vice President F. H. Brownell, Chairman of the Board S. A. Easton, President A. E. Eendelari J. H. Schaefer, Vice President E. L. Newhouse, Jr., President L. E. Hanley, President ?. E. Sprague, Vice President Clarence Glass, <Tice President F. TT. Fockwell, President 0. N. Friendly, Vice President C. H. Crane, President James Ivers, Vice President J. W. TTade, President F. F. Colcord, Vice President The American Metal Co. Ltd. American Sneltlng & Refining Co. Bunker Hill & Sullivan Mining S: Concentrating Co. Eagle-Picher Co. Ethyl Corp. Federated Metals Division American Sneltlng & Refining Co. Hecla Uining Co. Glidden Co. International Smelting & Refining Co., Anaconda Sales Co., Agents National Lead Co. Park Utah Consolidated Mines Co. St. Joseph Lead Co. Sliver Ring Coalition Mines Co. Tlntlc Standard Mining Co. United States Smelting Refining Sc Mining Co. Inc. REMARES OF MR. ROBINSON The President introduced a good friend of the American lead industry, Ur. William S. Robinson, of London and Melbourne. Mr. Robinson prefaced his remarks by saying that the vic torious cessation of organized hostilities in Europe gave him an opportunity of expressing the admiration and gratitude of all. British people for the courage and efficiency of the American forces. He also desired once core to express and emphasize his appreciation of the friendship he had always received on his many visits to the United States, and to acknowledge with grateful thanks the help America has given to the Australian lead industry. He hoped It ras understood that the Australian lead industry was anxious to reciprocate to the fullest possible extent and added that he hoped that when the Japanese had been eliminated, and elimi nated they certainly would be, representatives of the American lead industry would visit Australia, where they would find the Australian Annual Meeting Minutes -4- May 3, 1945 mines and plants open to them. Mr. Robinson said that during the war his work In the metal Industries had principally been devoted firstly to see ing that there was sufficient lead and zinc for the armed forces and that building up of'surplus and unnecessary stocks of metal we avoided. In the case of lead, he felt that while there had been anxious moments, the British had throughout gotten sufficient lead for the prosecution of the war and there was no threat of any undue accumulation of stocks. The British officials in charge of this metal should certainly be commended for their work. He felt sure that the Control in America had done a similarly good job. As to the future of the lead Industry, Mr. Robinson said that he felt that most of those present, being younger than he, were better able to Judge than himself. The future of lead, of course, depended largely on prices. He felt that a continuance of existing world prices would develop the lead industry further in Australia. Present output wa3 adversely affected by the man power shortage, and shortages of coal, coke, water and trans portation. Production had dropped from 00,000 to about 150,000 long tons a year. recovery depended in the main on increased manpower, but with the demands of the armed forces still very pressing, he saw no immediate change of a material increase in Australian production. He felt, however, that the lead industry can look forward to an excellent future. The meeting adjourned at 1:40 P.M. Secretary tnnn*m* LIA20723 j *' j i 1It! i iii I iBmitl Mooting Exhibit "A* Kay 29, 1945 REPORT OR THE SECRETATT Suroarltlnr tho Aetlvltloo *' of life ' Lead Induclrir Aj coolatloa for tno Star 1944 ' " m^ETSJilP At the end of 1944, the aixtoenth year lo It* exletenoe, weaberihlp la the load Induatriea Aiavoiatice eottpriied &5 eotpaniee of whloh four aro anooiate wewbera. The following ara tho newly elootod wraberii Sunahloa Mining Co. , Takima, Waah. ftyman Vlener A Sona, Richmond, Va. sWoetern Elootrlo Co. Ino., lev Tort, B.T. Rolnatatewent Admitted la Jan. 1948 Aaaoclate * A eowplete Hat of nonbara la attached. It la gratifying to obaerve that the Aaaoolatioa oontinuaa lta ateady growth. La war and In peace wenberehip In the Aiaoeiatlon hat proren a valuable aaeat both to producers ar.d eonaunera of lead. Through lta eooprehenaive lnduatrlal oover age tho At tool atIon la able to aet for the entire lead industry with a far sore ln> fluentlal roloe than would be the eate If the nemberthip were aeparated Into branoh associations, eaoh with a woloe of lta own* Sone thought vae given during the year to enlleting the aupport of the awaller wining oonpaniet, thote apt to be lnteraittont produoera and, therefore. In no pot It ion to aatuse the retponalbillty of regular wxaborship. It la hoped that aatae oarefully worked out plan will be developed before long atlll further to widen lta aoope among aaall entarprlaea. STATISTICS The atatlatloal eervicea of the Association eontlnue to be of lnoetinable usefulness particularly to Govormont war agonoiea auoh aa tho War Production Board, aa wo 11 aa to tho lead lnduatry itaolf, Proe tine to tlmo roqueata havo boon reoelved for tho preparation of apoolal reporta for tho War Production Board. All the roquoata have been genorally granted in the interests of the war effort and the War Produotlon Board hae repeatedly ex- ' preaied lta appreciation of our cooperation. It la a aouroe of oonelderable regret that we have had to requeat our members, In the face of ourrent manpowor ahortagea, to undertake acoo of thoaa apoolal atatlatloal compilations, but wo have only done ao after the urgenoy of the appeal waa thoroughly reeopiitod. Kay I aay, too, that tho roporta which have boon gathered through the faollitlee of tho Lead Industrlea Association aro genorally olroulatod to our members, tha only roatrlotioa being thoao ipeolal reporta that lnvolvo tha oolleotlon of individual oonlidential atatiatioa only intended to be revealed to tho Oovomncnt. In ary ovent, roporting members havo alwoya rooolvod aowe ocnploted report In return tor the atatiatioa thay have furnished to tha } i ; j ! ( f j j N 2387.01 nnfm* w-c-gn >:ai.i'.M>ii.jjjiiyiapiiiFiBwin uer.sim '* lip l*1 *\ Annual Meeting t May 29, 1948 CT3 i i 0 Association whereas reports they havu made to the Government do Dot always result In the publication of report* to industry. Study is bale; made of the newer statistics! wart In* sanrios* of the A*toola tlon with a view to preserving and continuing thoe* that hare proven toit useful * during the reconversion and postwar period when theit statistics will be equally valuable. If we reoolve the eontlnuod ooeperation of non nsaber oostpa&lss - and I think we shall - there li no reason why the now reports, particularly the monthly analysis of lesd consumption, own not be kept up. Incidentally, we are disooatlnuimg, whenever possible those statistical ssnrloes that are no longer needed. WASHDKJTOff ACTIVITIES The Association has given priority to the war effort and has endeavored to keep In olose touch with all war agendo* centering In Washington dealing with or affecting th* load Industry. In addition, the Association has not neglected to keep representative* in Congress Informed fra* time to tin* about th* lead Industry and Its problem*. Occasionally ths President, aocaspanled by th* Secretary, of the Associa tion have Bad# visits to Washington on behalf of our Industry* I aa pleased to report that Congress pasted the Stockpiling Bill during 1944, In which our industry was deeply interested, and that the stockpiling legisla tion, together with th* faot that the Aray and *avy l>re axpeoted to acquire lar^ military stockpile* of load in the postwar period, should effectively dispose of the stockpiling problem for many years to ocoo, " So far flung are the interests of th* lesd Industry that it Is desirable and neoessary at all times for u* to cooperate with cany Government department* and bureaus beyond those established for th* war emergency. Tho War Department, Kavy, Stata, Maritime Commission, Ccrew roc, Veteran# Administration, Bureau of Wines, C.S. .Ajbllo Health Sorvlee, Offloo of Education, War Manpower Commission and Cousing Administration are only a few representative examples. How that tho Fbdeml Govern ment plays suoh an Important rol# in every day life with many decisions affeoting our Industry emanating iron Washington this situation Is expected to continue indefinitely. ITA? B7LLFTI1S We continued to publish our series of war bulletins to furnish members promptly with oopie# of Government orders direotly affeoting lead and it# uses. FEDERAL TRADE COaflSSlCW WHITE LEAD IKVSSTIGATIOW Ths Fbleral Trad* Commission Issued a complaint against most of th* members of the white lead Industry in Dockot 6253, oharglng th* Industry with oonspiraey and seeking to ohang* th* tone-delivered prlo* basis on whloh white lead ha* boon sold fbr many years. In the course of its prellsdnary investigation tho Federal Trad* Commission mad# an exhaustive examination of th# Lead Industrie* Association's records and the Association Is not named as a respondent In the ocmplaint. This 1* not strange a* the faoilitles of the Association hare not been used for any alloged oonsplraoy, and th* Association haa never dealt with prloes of it* produots. Th* oas* is on* of deep jxiblio interest in its relstion to the ecntlnued us* of basing points and delivered prloo* in selling merchandise in tho United Stetes. Preliminary hearing* began in Washington on May 16th before the Fbderal Trade Cconlaslon and are expeoted to oontlmie for an extended period of time, Ho early deoialon in th# oat* la looked for. v>-.f-- f^i w*- ' ~--. --*-r-- LI A2 0725 \ Annual Meeting - S- May 29, 19+6 FRCWOTIOKAL ACTIVITIES Because of th war sane of our promotional activities wore greatly curtailed whereas others wore carried on es usual. WRITS LEAD iROThAi' - On account of tho unsatisfactory oondltlon of tho exterior paint market with' relation to prospective supplies of llnsoed oil, white 1etd, containers uni labor, tho white load advertising rroC``ajn of the Association was suspended during 1944. Funds sooujauleted during 1344 hare'been set aside as a reserro for postwar uso. Tho Voootlonal ATloultural work, an auxiliary effort of oar White Load Fro* groa, being dosignod to supplement our eoneumor advertising, was oarriod on at a slightly reduood sealo. It has net with an extraordinarily fino roooption srhororor triod. A dotallod report has boon furnished all sabsorlbers to that progress. RED LEAD IR0G3AM - Our Red Lead Prograa continued during the year* I am pleased to report' that this cooperative prograa has resulted in dere loping greatly improved formulations for marina application as prising oocts with red lead as a baas. De tailed reports have alao beer, supplied sponsors. A large amount of work still ro- nalns to be done and ia being o*re fully planned to sake sure that rod lead rcoelvcs proper rooognitlon as the beet paint on stool lr. the postwar period in the llit of prospective competition. ' METALLIC LEAD FROXCTS fcOOrJH - This is an important prograa beoause to many applica tions of load in Ihe \juilding field depend upon municipal, oounty or state building ordinanoee. Eternal vigilanoe it required to aee that lead products are given proper eonsideration in those regulation*. A detailed aooount of the work done during 1944 hat boon distributed to the sponsors of tho prograa. I think It is fair to state that this program, froa its inception, has more than Justified its oost and that In the postwar period it will be core important than ever, as normal oompetlve relation ships are restored and lead Beets intensive competition froa newer products in tho chord cal end building fields. Consideration has been giver, by tho ncrcbors of on enlarged prograa to include other activities whloh will help to expand tho narkot for lead in tho ehonieal field particularly. for noftsino, PUCUREF.S* LEAD P0E.U11, eontlnuos to hnvo an oxocllcnt roooption generating a largo amount of interesting oorrospondenoo and alao being roprlntcd, in part, occasionally. As with all our publleatlone, wo hnvo invariably used only original notorial gathered through the facilities of tho Association and prepared by It. GENERAL FPCMOTIC1?.' ffPEJC - ftur nags tine, LEAD, continued at 31,600 ooples per Issues it being felt that this was a project which oould be carried on d'tring the war as well as in pesos. It Is a source of considerable satisfaction that evory issue generally carries something of interest to oithor technical or industrial nagatinot which has boon reprintod by theca. It la proposed to oontlnuo tho publication of LEAD. Thoro is no question but what LEAD has not only generatod good will for our notal but has aotually orcatcd now Jobs. LEAD IVFORMAT 10*! BDIEETIM - AJ a trial wo began ths jxiblleatlon of an Infornatioa IKnTeTrn~ror^ur-S?n^>ers, feeling that some of tho teohr.ical and buslnese informa tion orossing our desk might be oendensed to give neuters drta about uses of lead and related topioa they night otherwise fail to note. This venture has been so woll reooivod that wo plan to oontlnuo It indefinitely. Tho bulletins arc published at Irregular lntorrale do pond lag upon tho tiBollnoss of tho information and Its voluao. 'igWwy Annual Hosting 4- May 29, 1H8 l eas Hroicnt xyp sxrrrt Ho hot o oontinusd to publish our Lead ijyglene end Safety Bulletin#, which not only endeavor to provide guldar.o* to ourrent literature on th* subject, but #1*0 (It * th* multi of ip*ol*l investigation* of th# Association* In this o came ct ion th# Association h* b##n Baking an important Invert igmtion of tb# alleged high inclder.ce of lead poltonlng among children along th# Eastern *oaboard, ai reported In newspaper* and medical literature. (Xir studi* oart oon idoreble doubt upon th* genulaones* of many eases. A progroii report of our finding# wai mado In Load fygleno and Safety Bulletin So, 40, datod Dooomber 8, 1944* Kith th* approral of th* Executive Coor.itte# w* h#e# arranged to finano# a program of re*#aroh at th* Children' Hospital in Boston, which would eeek to obtain laboratory confirmation of many alleged oaaea of lead poltonlng and to explore th* aubjeot thoroughly. The indiscriminate ua# of th# I-ruy a* a abort out in determin ing lead poi a oiling In ohlldren, without laboratory confirmation, appear# to b# th# root of th# problem. In addition, we are aaaiatlng Johns-Hopkin* Medical School in examining th# aubjeot of lead ahadowa in tonoa aa oaused by numeroua ohemloal ocapounds, to ahed further light on thia important question* Ko problem faoing the lead Industry appear* to m* more important than the public and private attitude toward lead beoauie of ita toxio qualities, Th* "ver proaent anxiety, moat of It noedleaa, about old and new produota of lead, i* of serious conoarn to the induatry. We are giving maoh thought currently to sotting up a program more ooaprohonaive than ary in which the Assooietlon ha* alroady engaged, to help bring about a bettor attitude on th* part of the dootor* and the publlo on lead in line with tho facte. . COSCLL'SIOW Tho load induetry oan bo proud of ite rcoord in tho war, Woro it not for tho insurmountable difficulties prcaontod by a ahortago of manpowor, tho lead industry oould hv* gone through the entire war period with little or no attention from th* Government so far as adequate supplies were concerned. It It to be anticipated, when the lead situation become* easier and lead supplies e.stuao their peaoetlas volt* that sono industries, tuoh as the cable industry, which havo boon donlod lead to th* extent required for furnishing improved pewor and tolephono faollltloa, will uso largo amount* of the metal In postwar plan*. Other industries, such a* the whit# lead Induatry, which have been injured by restriction* imposed during th* war will have a difficult taek to restore thoir markets to their prevrar or earlier position* Th* Lead Industries Assoolation 1* designed to help thoso load product* where the oompctltivo it niggle is koonoat* Cbo of tho ^eat advantages that tho Load Industrie* Assoolation possesses is th* faot that, being ooaposed of mining, smelting and refining, and mxnufaotvrlng companies it obtain* a brood perspeotive of the problem* faoed by tho entire industry and can marshall the resources of tho entire industry to oorreot any unhealthy situa tion, Thl* 1* exemplified not only by the work the Aesooiation doo* in legislative ratters but alio in it* promotional work. I think that mining companies more and more are realising that a continued strong demand for their metal. In th* light of tlie strong competition It feces from maiy direction*, depend* upon sourd promotion. Annual Meeting - 6 Kay 29, 1946 Manufacturers are often In the position of being able to substitute one metal or material for another and need encourage sent by raw material produoors la helping with the marketing of their produot< In oonoluslco I would like to # oho ty statement of last year that the future of lead appears especially brltfit. We here no conversion problem* of , moment and the denand for the SMtal in postwar days premises to be OOd Rospeotfully submitted, Seoretary. Ja m ^M JM%'< .L'' '!W* ">* MW'"'" LIA20728 r~- * MEMBERS or THE LEAD INDUSTRIES ASSOCIATIOR May, 1946 ii 0 0 Alpha Metals, Ino. The African Metal Co, Ltd* 363 Hudson Ar*, 61 Broadway Brils i: f:i: American Eneltlng A Refining Co* 120 Broadway ,-r Zork 6, B.T. Bunker dill A Sullivan Minim A Concentrating Co. lellorg, Idaho Car.'rid re ~.oltlrg Co 100 Pkslflo St, Cambridge, Bui, Cnief Conciliated Mining Co* Eureka, Utah Crown Motal Co, 11T-9 R. Washington At. Milwaukee 4, Me* tfcyrock Lining Co. Dickson Loatherproof Mali Co* P.0, Box 690 Wallace, Idaho Evanston 4, 111* Divicloa L*ad Co* 6?! W. Kins 1 St* Qiioego 22. Ill* T.-.e Ecglo-Ploher Co* American Eldg* Cincinnati 1. Ohio *7 >9 Elootrio Auto-Lito Co* P.0. Box $31 Toledo 1* Ohio Ethyl Corp* 405 Lexington Ar*. Vow York 17, 3.T. Eicton Load Co, (Tho Gllddon Co,) 600 Peon Are. Scranton S, Pa* Eniai Lead Division (Rational Lead Co.) P.0* Box 1467 Charleston 26, W.Va* Bvnr.s Jietal Co. P.O.Box 97,Ko*Sido Branch Atlanta, Oa. Pedernl Mining A Smelting Co* 120 Broadway Voir York 6, V*T* Podor* tod detail Division of Anerioan ikuolttng A liefining Co* 120 Broadway Vow York 6, R.Y. Tho Firestone Tiro A Rubber Co* Box P, Pi res tone Park Akron 17, Ohio Tho PI cm Load Co., lao* Bradley Aro.A School St* Long Island City LP.I W.P. Pullor A Co. 501 Misson St. SanTranciseo lB,Calir. Cordlner Motel Co* 4520 S. Campbo11 Avo. Chicago 32, 111* General Load Manufacturing Co* 2132 Market St. Donver 2, Colo* Goldsmith Bros.Saclting A fiofining Co* SB E, 6cthingtoe St* Chioago 2, 111* Ennoond Load Product* Ino. Plrit Truit Bldg* Hanaoad, Ind, Eoela Mining Co* Wallaco, Idaho Horeuloi Mining Co, Wallaoc, Idaho Hudson Snolting A aofining Co* S5-9S Hyatt Are, Rework 6, H,J. Imperial Typo Motal Co* 5400 Aramlngo Are* Philadelphia 54* Pa* International Smelting A Ref, Co. (anaconda Solos Co. Agents) 25 Broadway How York 4, H.Y* Tho Johnston Tin Poll A Motal Co* 6016-6120 5. Broadway St. Louis 11, Mo. Kahn Brother* ' 765 Humboldt St. Brooklyn 22, H.Y* Tho Kansas City Snoltlng A Mfg. Co* 2215-23 Gulnotte St. Kansas City 1, Uo* The Lowin Mathes Carp. Chouteau at 12th St, Louis 2, Co, John E. MacGregor Load Co. 4520 IS. 15th St. Chicago 25, 111. Metal* Refining Co.(Tho Gllddoa Co.) Hacnond, Ind, Mike Horse Mining A Milling Co* 620 Power Bldg. Helena, Mont* Rational Load Co* Ill Broadway Hew York 6, V,Y* Sou- Park Mining Co* Keetloy, Utah Rorth Axteriean Snoltlng Co*, Ino* Edraaont A Tioga St*. Philadelphia 54, Pa. Rorthwest Lead Co. 2700-10th Av*, S.W* Seattle 4, Hash. Park Ctah Consolidated Mine* Co* Continental Bank Bldg* Salt Lake City 1, Ct*J Pittsburgh khite M*tal Co* 264 Hamilton Are, Erooklyn 31, B.Y. Reynolds Metals Co* Reynclds Metals Bldg. Richmond 19, Va. River Saeltlng A Refining Co* 4156 Bradley Road Cleveland 1, Ohio Rochoster Load Work*, Ino* 360 Exchango St* Rochester 8, R.Y* St. Joseph Load Co* 250 Park Aro. Row York 17, H.Y, Shattuck Don.-. Mining Corp* 120 Broadway How York 6, H.Y, Sherman Load Co* Wallaoo, Idaho Tho ShcnrlnJTll 1 las* Co* 101 Prospoet Avo., V.W* Clovoland 16, Ohio Silver King Coalition Minos Co* 1010 Xooms Building Salt Lako City l,Utmh Silvers toin A Pinscf, Ino* 1708-1720 Slaton Aro* Chieaao 22, 111. Standard Rolling Hill*, Ins* 143 Jewell St. Brooklyn 22, B,Y* Sunshine Mining Co, 115 R, Second St, Yhklna, Bash* Ttrttrack A Custer Consolidated Mining Co, Wallaoo, Idaho Tlntlo Standard Mining Co> Walker Bank Bldg. Salt Imice Cit Unitod Araerloan Hetali Corp* 198 Diamond St, Brooklyn 22 United States Snoltlng Refining and Mining Co,, Ino* 67 William St. New York 6. V.T. The Vlotory White Metal Co* Hyman Vlemer A Son* 1205 Main St, 6500 Hatcher St* Cleveland 13, Ohio Richmond 6, Va, Vulcan Lead Produets The Ticnsley Metal Produot* Co* 1545 IT, Pleroe St. 1445 Osage St. Milwaukee 4, Wl. Denver 2, Colo. Western Electric Co. Ino, 19S Broadway How York 7. H.T, White Metal Rolling A Stooping Corp, 60 Moultrie St* Brooklyn 22, V.Y, Winchester fiopoatlng Anas Co, Vow Haven 4, Conn* Assooint* Monber. - V v. nm\ mm** w*1 - L1A20729 vs--- KMLTO.gtf.fi ^.ramaa Exhibit "B" May 9,1945 SI :". 31. 1944 C..JH................................................................................................................................ IXJi i'iDU ;*JO.tvf.................... ................................................................................. a Wj j k h t'j-. nw.viJ.r, ................ .................................................... AIH TKAVS. 3i 0 117......................................................... ....................................... 150,036.5b 370.00 2,cco.oo 425.00 Total.................................................................................. 3153.631.5b ! A 3 0 o V ?f T 3 ? A f a 3 ?. A ) 3 'M .1 .t I V .< ti /.o<r>u7?i /a Y/j t l .3..................................................................................................... (>05.12 ** ...U v.V.it: Oenerul .'roaotion .Tojrua c*unl................... ................. $ 99,97b.55 ^rvLinary >ual......................... .............................. .. 2C,6C9.66 3etalllo Load .Toducta Dlvlalon Aux.......................... u,CCC.u5 .od Ix %u hlTiaion ''und.............................. ..................... .. 6,6oa.4o iVtjrlculaural .iurvico ,U.v.ai>n :*una................... l,4oC.Cb houUti.m ..t^ricultorul Jorvloo Divluion Turn..... 65.t>4 liuet Jl vision 'and................. ................................... 3,0C2.G6 iosvrva i'or cal ......... ................................ 4,U 0.00 ?.eservu Tor lit* Book....................................................... 4,UX.C0 .%;yurvu Tor Battalia laaorlal ?und............................. 5.000.00 Total reuervea.................. yl52.b26.46 Tj Ta L............................................................ jfl53.631.50 M7T f: Tile ooat of fumlturu, flxturoa, and oqul^nent ;wa but>n written off to uxponae. N 2387.02 y]"WWWPiiii ii iigmiviiiiBi ` LU*'3C l^lWPWr Annual W HASKINS & 8 ocsmrtco *>ue Aeot/rTA*T* . _j\* .l -- - ---- . mil. -*---. - Fjrhibit Kay 9, 1945 I CAST TACIT i NIW YORK 17 i J. I a c o ^t c ^.;*.. fl.tggima J Loud InduaVrl 3 Aaooaitition: ) Ve nava tocaiirwd. tlio balance sheet of Lead. Industries -i* Association us of :x>caibar 31, 1'JM* .am. toe rulut.<i staiojuat ii of lnoa-iu and radons os for tu* year onaud Lut date, iiavti re- . < Tlewod the uooountlnj frooedurea of Uio Association, .cvi nave J uxualnt-d its itcaoantind ixionruu ...u. aUni' evidence la au. vort of ouoa financial statxcJeatu. Our oxaainatiin was Uauo la 4 ucoonlanco wlta t-tjUumlly accented uiuitind utonuiXua u^.J.1- Ciidle in the ci.rco.aiWooa o.d Licliu.au ail audit iiit, >rououurua -c oouuiuoruu auccssury, idiioh praooUUi-oa aerx allied a/ toots to the extant so UusaoU apyro.urinto la vice of tne systou of internal control. 1 In our opinion, too ucooupauyla,; uilonco sa.t a U otatiiao.it of inoonu and a/^uus fairly pras-.nt tao financial cojultion of 1 the Association ut 'kteaioer 31, l'juu uiu tic results of itu .< oporutloia for Uio yoir uxiud Li.it daw, in oonfomity ulth J tjenurolly aoc,,tui aooouatiad priiwiplos and prostioaa applied on a basis oonoiotunt \.ltli Lo-t of tlm pruouLl<w yo,i_r. J Huw fork, January 2C, lm. UTX;*l.CC rou Tin -'A*., < >1 1J 10 J X*iWWi * i iiiaaoxiow /j vOJUJTJ /HrtiuJX aouuiiY UIYltilOii *. TOTAL mrj .... /w c j * '3* * i 256.112.06 *99.535.50 064.760.50 829.390.06 i - - v fc. * < 69,969.93 * 6,925.00 634,054.23 4 7,476.20 16,794.64 152.11 2,990.62 6,150.45 \e* con :.nd rea^-roi; ..................... 1,236.42 177.31 177.31 .',:v.,,r^isir.:........... 2,315.01 2,315.01 : utllclty............. 211.09 69.26 30.99 Conventions t-r^ `tit-o9..' 2,435.20 1,799.05 - ..tfb -- .... . . ..7 2o3.76 263.76 2,445.11 36.12 462.99 -*"i. uiorm............ 156.63 72.96 it&iii'".i ter..... ..~. #. **1 . COfat oT , ?.< 3llO-*l3TU 3,C59.til 155.20 1,341.90 446.66 . lu^. . uitus.. . ^ 4,792492 4,792.92 & tbi................................. ' 9,541.60 9,541.60 ; i,ii 1L.JA............. . 6,567.26 1,060.00 4,456.46 40.30 ' '"clf-p wvl telfcjrajtw. 1,607.62 6.53 1,162.50 AjiCl lUor. .......... .. t 595.95 333.95 262.00 Jttttl i!..ry office .j 4;U I'-i-i - -- * * * *-* t _* * -- i w v.^O-bT t. *i 1,359.53 1,633.72 7C.72 1.C11.01 169.24 666.27 229.b3 I'^oica uTi* subscriptions* 323.40 323.40 .`U*rvi w>co^o *4******* 33b.25 336.25 iitertni.naf'nt, lunoliee, etc............ ........................... .... 1,644.36 Furniture, fixture.*, uni ji 453.33 297.14 orn-6 -j .1o *ent..... 377.93 377.93 . 4 7: u.bJLyjw-t arsd ca'feiiwt.. .? 24,961.62 Avnriis........................................... 1 926.10 TriJuCtr of ;4.raann*.-l to -4 he-i,. tort, ............ .. t 963.42 963.42 -laceli.'.o................. .. " 2.110,25 __6__2_0_,_0_4__ _____5__0_6__,7__6___ 1t.J. o:.iion ; ^57.232.63 0.645.49 ySb.230.C6 625.59b. 16 ; *:. ; . ;; - ' v .............................. O' i..,679.43 590,696.01 C 6,530.44 8 3,791.66 v O 1 /.T j ^ *1.1I.1.) OF ^ ........................................ .. 53,264,44lo.C79.22 4.206.97 -Ot.i................................. *152,063.67 890,690.01 *24,609.66 * 6,000.65 *] Tli-V".'.... .'.l\ FU;D>.... . 9,117.09 4,000.00 <' ,.J.. rv :v -.')a > ' '* > . ' **. vo ................................... 749.59 171.45 * * ' `J  ymimw IIA20732 -~".I O A*J^~ 'Jl I >t l OF I.VOOil.i a .T Vi .it,*------------------------- 1. A'JhlCTJJO* SOlTltedf t rim iWl'.I0UHUul. r iOC) LiiAD .ivWIJi till ,,4- . ;IVIJXj N ..rvuiox 5IVI310M oivfe (309 note) ___ /U-'t) .____ nzo_______ nr 932.666.0C lC .COO.OC^ ^ 319.958.00 v 8,332.50 9 9,560.00 ;3,oOC.CO* 1,23** .76 *4,6o2<29 1,51*4.HI 1,236.**2 110.8*4 353.53 636.15 1,3*4*4.00 77.87 760.**6 2.00 2" N ` ,Y 91.83 5*4.52 1*41.81 396.38 5*4*4.16 223.28 295.57 111.00 lo6.17 238.67 669.05 22,086.6*4 2,b9*4.96 276.10 650.00 21*2.11 160.2b 521.06 12,C3*4.*49 Q42.501.b5 33.962.56* 7,o63.51 vlO,033.85 'i 37.M* 3.b?5.97 1.513.93 kl,6u3.*46 v 6,519.92 8 5,000,00 10,000.00 2d.*40 83.002,00 v 05.6*4 ,,3,C02.C0 o*4,o' >6,CtO,CO 05,COO.CO I';, H7.09 / *. '1 3