Document QNmxxmzp3vjVyBY7wr2b2ajE

DIRECTORS MEETING New York, N. Y. October 1, 1930. A meeting of the Board of Directors was held at the Down Town Association, New York City, on Wednesday, October 1st, at 12:30 P. U. Present: Representing: Clinton H. Crane, Chairman Julius Loeb Edward Behr Ivan Reitler F. M. Carter E. J. Cornish I. H. Cornell John A. McCarthy A. A. MacLean F. Y. Robertson F. E. Wormser, Secretary. St. Joseph Lead Company American Metal Co. Ltd. American Smelting & Refining Company Federated Metals Corporation National Lead Company National Lead Company St. Joseph Lead Company International Smelting Co.- United Metals Selling Co., Agents. DSL Battery Corporation United States Smelting Refining & Mining Co. Inc. The minutes of the previous meeting were ap proved. The Secretary'8 report was read and approved as follows: SECRETARY'S REPORT The following principal developments have taken place since the last Directors' Meeting: N 570 -- (1) Statistics: We have received excellent cooperation from 19 smelters of secondary battery material, representing over 90 per cent of the business, in gathering monthly statistics of the secondary lead business and expect to issue our first report any day. It promises to furnish members with useful current data on an increasingly important industry. (2) Tariff: We were fortunate in securing another tariff victory last week. Several of our manu facturing members have been having difficulty taking advantage of the new drawback law, owing to the interpretation which the Customs Depart ment placed upon it. We made a strong attempt to get the Department to take a constructive view of the matter and it is pleasing to report that we were able to get the Department completely to re verse its original ruling, particularly on an important point relating to the transfer of draw back credits. (3) Research: Hearing of a new (?) outside lithopone paint for which the claim has been made that it has a life 50 per cent better than white lead, we arranged with the Grasselli Chemical Company, which made this claim, to ship us a gallon for test purposes. The National Lead Company has agreed to apply this paint to one of its test panels at the Sayville Experiment Station. (4) Educational Activities; We are continually dis covering applications of lead in industry which deserve publicity. We propose therefore, with the approval of the Board, to begin the publica tion of a modest bulletin devoted purely to il lustrated statements of uses of lead, for dis tribution to prospective and present users of the product. All of those members to whom I spoke on my recent trip on behalf of the associa tion, feel that this would be an excellent idea and are anxious to cooperate in its execution. Taken in connection with the publication of our proposed booklet on lead, I think we shall be able to make & good start on this important phase of our activities. No new financing is required this year for the purpose but it would be well, for the Directors to consider the wisdom of ex panding our budget next year to enable the Association to broadcast in the form of cir culars and booklets additional and much needed publicity on lead. L I 4 00 0 ? ^ ^ [ : ":~J ' ) ,_I  'fit*- - n > V ...J 0 ^8^.' "**^--'"-'rft.,,v *"' ''-'~.cs* I (5) Ihltc Lead: The most serious example of substi tution in lead is the substitution of inferior materials for white lead in paint. For six years the demand for white lead has declined instead of grown; production has fallen from 195,000 tons in 1922 to 146,000 tons in 1929 with no indication of any upturn. The size of domestic paint market and the outstanding excellence of white lead as a paint pigment would certainly warrant an attempt to correct the situation. The white lead business of the United States is still over $30,000,000 annually but should be much more from the stand point of gradual growth. Although it is true that only a few of our members are directly en gaged in the white lead business the subject is of great importance to the lead miners and smelters as it affects an important outlet for. lead. I would respectfully and urgently recommend that the directors consider the entire situation with a view to ascertaining just what, if anything, our association may do to help, particularly as one of the principal objects for which the association was organized was to combat substi tution of inferior articles for lead. (6) Miscellaneous; During August and part of September I took a trip on behalf of the Association for the purpose of meeting numerous members I had never met, discussing lead problems with them and others and obtaining much information of use in the conduct of our activities., The trip was of inestimable value from many angles. All those to whom I spoke, miners, smelters and manufacturers seemed pleased with the progress of our associa tion and desirous of helping it grow in usefulness. Respectfully submitted, Secretary. The Treasurer*8 report was read and accepted as follows: For Period January 1, 1930 to Sept. 1, 1930. LIAO0036 ` - : >>,'S'" RECEIPTS Cash on Hand and in Bank January 1, 1930. $12,303.02 Interest 170.91 Membership Contributions Receivable, Jan. 1, 1930 538.50 Membership Contributions Assessed, Jan. 1 to Sept. 1, 1930 28,493.25 Less:Membership Con tributions Receivable, Sept. 1, 1930. 29,031.75 536.75 28,495.00 NET RECEIPTS $40,968.93 DISBURSEMENTS Furniture & Fixtures Salaries Rent & Light Office Expense Miscellaneous Traveling Expenses Telephone & Telegraph Books & Subscription Printing Technical Research Medical Research Advances (Traveling Expenses) NET DISBURSEMENTS $60.20 13,658.33 1,812.38 763.29 610.07 332.52 127.60 2,274.42 825.00 2,000.00 600.00 23,063.81 Cash on Hand and in Bank, September 1, 1930 17,905.12* $40,968.93 Includes balance in Medical Research Fund of $1 ,542.00. The Chairman presented for consideration the view that it might be advisable for the Lead Industries Association to compile statistics showing the amount of pig'lead consumed in the United States by states, for the purpose of presenting this material to the Inter state Commerce Commission in connection with its in vestigation of the general commodity rate structure. After discussion, the Secretary was requested to communicate with the individual member companies selling pig lead with a view to learning from individual selling companies whether this sug gestion was practicable and would obtain their sup port . The Chairman also called attention to the serious decline in the consumption of white lead. Mr. Cornish expressed the view that white lead would sustain its reputation as being the best pigment for outside painting purposes and that competition among mixed paint manufacturers would gradually improve the proportion of white lead in mixed paint. Others ex pressed the view that the difficulty the ultimate con sumer had in obtaining pure white lead paint ready for the brush worked to the serious disadvantage of white lead. The meeting adjourned at 3:30 P. M Chairman Secretary.