Document R2xJO9DXLx2oY5ErywDG0rYV

Philadelphia* Pa* Sovamber 17* 1947 At a regular meeting of the Directors of John T* lewis ft Brea* Company* held this day at their offices in the wldener Building, there were preeenti J, V* Gardiner* president 3* F* Beeves* Flee President and treasurer A* K* Wilson* Tice President V. H. Merritt* Secretary 1* 7. Beale* Dlreoter G. A* Watts* Director The meeting wee called to order by Hr* J W* Gardiner* who presided* and Mr* M H* Merritt reported the minutes of the meeting* The minutes of the meeting of October 27 were read and approved* Mr* Reeves submitted the following comparative figures for the month of October 1946 and 1947 and for the first ten months of 1946 and 1947* In the ease of the figures for 1947 the normal stock figures have been eliminate October 1946 - toss $15*032*82 First 10 months 1946 - Profit $6*456*32 October 194? - Profit 76*964*95 First 10 months 1947 - Profit 486*180*40 Mr* Reeves reported that our application for a CAR in the amount of $4*628* to cover the purchaeo of a model BBS Meek truck* 2-1/2 to 3 ton eapao^ty* had boon approved* It wac unanimously decided to mako application for a CftB in the amount of $1*720*95 to eovor the purchase of a Tale work Savor truck for ueo In our Oxide Department* The prcaont truck has been in ueo for more than 25 ycara and.has outlived ite usefuloose* It wee unanimously decided to make application for a COR in the amount of $1*850*00 to cover the erection ef a new advertising sign on the roof of our building So* 9* The present sign has been declared unsafe* It was unanimously decided to make application for a GAB in the amount of $2*990*00 to eovor the coot of building a laboratory in our Oxide Department, | On motion duly mate and seconded it was unanimously RESCLFBD* that the officers of the Company be author ised to continue* at their discretion* during the yesr 1947* the system that has boon in force for a number of years of giving a service button and cash award to employees who have been employed by John T Lewis ft Bros* Company for five years or multiples thereof* The number ef persons who will roeoivs service buttons in 1948* including j the office and the factory* will bo 72 people with a total each award of $1*375* This compares with 52 sorviss buttons and saah la tbs amount of If $935* in the year 1946* Angus Gunn. Ins* of Richmond is at present our only outlet for Dutch Boy Blended Paint and it was agreed that wo should take some steps to help him out financially ao as to obtain more adequate gallonage* in aeeerd with National Lead Company vlowa on the subject* NL 000040745 ffo*---**-- 1947 On notion duly and* and seconded, it * unanimously decided, la aeoordtto with Mr. 3lon*s letter of October 29# to Increase ear contribution to tho Philadelphia drive of the current Gonnunity cheat from $1,500, to $1,800*, which wee the amount given loot ye*r There being no farther business, upon notion the meeting adjourned. 1 NL 000040746