Document VeOwqzzwKXmZ2BowDQeO5DJZ

Chicago, 111 EOAIX OF DIRECTORS MEETING April 18, 1952 A meeting of the Board of lirectors of the Lead Industries Associ ation was held on Friday, April 18, 1952, at 2:15 P.M., at the Drake Hotel, Chicago, 111. ? PRESENT REPRESENTING Jean Vuillecuez W. E. Clancy S. A. Easton H. L. Day J. A. Costello Clarence Glass J. P. Buth J. A. Martino F. E. Wormser The American Metal Co. Ltd. American Smelting k Refining Co. Bunker Hill k Sullivan Mining k Concentrating Co. Day Mines, Inc. Ethyl Corp. International Smelting Sc Refining Co. (Anaconda Sales Co. Agents) The Glidden Co. (Euston Lead Co.) National Lead Co. St. Joseph Lead Co. OTHERS L. J. Fandall Kecla Mining Co. R. L. Ziegfelc, Secretary-Treasurer Mr. Felix E. Wormser was reelected chairman. The minutes of the previous meeting of February 25, 1952, were approved. REPORT OF THE TREASURER The Treasurer's Report, attached as Exhibit "A,n was approved. ELECTION OF OFFICERS The chairman stated that it was in order to elect officers of the Association, whereupon the Yollowing were nominated, seconded and unanimously elected: Felix E. Y.'ormser, President Kenneth C. Erownell, Vice Pres. Joseph A. Martino, Vice President ELECTION OF EXECUTIVE COMMITTEE ` The chairman stated that it was in order to appoint an Executive Committee whereupon the following were reappointed as Executive Committe members for the ensuing year: Felix E. Wormser, Chairman J. M. Eowlby K. C. Erownell H. L. Day J. A. Martino George Mixter L14 Of 4 76 Board of Directors Meeting Minutes -2- April 18, 1952 1952 ANNUAL MEETING The secretary reported that in accordance with the instruc tions of the Eoard, issued at the time of the annual meeting in 1951, he had made arrangements with the Drake Hotel, Chicago, for the 1953 annual meeting on April 24-25, 1953, being the Friday and Saturday preceding the meeting of the American Zinc Institute in St. Louis on the following Monday and Tuesday. The point was raised that the 1953 meeting would be the silver anniversary of the Lead Industries Association and a sug gestion was made that something special should be done to commem orate this event. The Board felt that it would be nice if the meeting could be held at some good resort hotel, such as the Greenbrier, at White Sulphur Springs, W. Va. The secretary pointed out that it might be difficult to obtain accommodations at such hotels on only a year's notice as most of them are booked up for two or more years in advance. He was instructed, however, to see what arrangements could be made at The Greenbrier or some similar hotel for both 1953 and 1954, the dates, if possible, to be close to the dates of the American Zinc Institute meeting. CONTRIBUTION TO A.S.T.M. GOLDEN JUBILEE The secretary read a letter he had received from Mr. G. H. Clamer, chairman of a subcommittee of the A.S.T.li. to solicit funds for the A.S.T.M. 50th anniversary meeting, a copy of which-is attached as Exhibit "E." Recognizing that the Association had never been approached in this manner for a similar contribution, nevertheless the Eoard felt that a contribution of $100, as requested, should be made to wards the expense of the 50th anniversary meeting of the A.S.T.M. in June, 1952, particularly since the request indicated that in dividual members would not be approached. It was also suggested that the secretary check with the American Zinc Institute and other associations to find out what their policy would be in this instance. EDTA RESEARCH The secretary explained that a new chemical compound, commonly known as EDTA shows great promise for the prevention and treatment of lead poisoning. He explained that considerable research was being conducted on this subject at a Georgetown University. He read a letter from Dr. Benjamin Kissin, attached as Exhibit "Cn requesting a grant of 1500 to conclude some research already underway at the Jewish Hospital of Brooklyn, N.Y. on this subject. He said that he felt that there would be good public relations value in the Association being associated with the research on this product. L I t [ ' A 7 7 Eoard of Directors Meeting Minutes 3 April 18, 1952 Members of the Board raised the question of whether, if the work was being conducted at a number of places, the grant would be most judiciously made to Jewish Hospital, and also whether if the grant were made to Jewish Hospital, the Association would not also be requested to contribute to the research at other places. It was suggested that since Dr. Elston Belknap would address the Association later in the day, at least partly on this subject, the matter be tabled until the next meeting, at which time answers to the questions raised by the Eoard should be presented. H.R. 7447 - LIFO H.R. 7447 which would provide relief for companies which adopted LIFO during periods of high prices, was considered by the Eoard. It was the general feeling of the Board that this bill would be of benefit to some members and would not harm any. Therefore, the Board generally felt that the Association should actively support the measure. However, in order to be sure that no member opposes the bill, the secretary was requested to circulate copies of it to all members of the Association, telling them that the Eoard favored As sociation support of the measure and asking them if there were any opposition. ._ ~ Meeting adjourned at 2:45 P.M. I^0C47o FINANCIAL STATEMENT RECAPITULATION OF ALL DIVISIONS (a) January 1 to March 31, 1952 Balance, Jan. 1 Savings Accounts....................... Government Securities............. TOTAL BALANCE, Jan. 1............... Receipts: Quarter, Subscription............. Less: Outstanding Subs..... Wet Subscriptions....................... Miscellaneous Receipts............. TOTAL AVAILABLE Disbursements......................... .. Advances deposits............. Total NET BALANCE Apr. 1..................... Cash Balance, Apr. 1................ Special Reserves..................... Government Securities............... Savings Accounts........................ TOTAL BAIANCE, Apr. 1 SAFETY AND ORDINARY . HYr.TF.NE , .. _ METALLIC LEAD punnutrrs $23,962.28 30,500.87 3U,000.00 88,1*63.15 $21,1*91.50 21,1*91.50 $10,1*1*1*. 73 10,1*1*1*.73 RF.n t k at *__ ITHTT $1,91*2.60 $36, 20, 1,91*2.60 57, 30,081*. 75 1,718.00 28,366.75 1*52.87 117,282.77 18,066.38 2,550.00 20,616.38 96,666.39 23,322.63 8,81*2.89 3U,000.00 30,500.87 96,666.39 6,250.00 6,250.00 27,71*1.50 8,609.67 300.00 8,909.67 18,831.83 18,831.83 '1 18,831.83 12,997.50 58.00 12,939.50 5,279.25 31.50 5,21*7.75 23,381*. 23 7,655.89 750.00 8,1*05.89 11*,978.31* 11*, 978.31* 7,190.35 3,158.90 1*00.00 3,558.90 6 3,631.145 3,631.1*5 57, 5, 5,5 51, 31, H*, 978.31* 3,631.1*5 20, 51,7 (a) See individual fund Financial Statements for details. N 574.01 ORDINARY FUND Financial Statement January 1 to March 31j 1952 Rent and Light Salaries Social Security Taxes Travel Expense iiLead'i Mailing Office Supplies Association Dues Entertainment ft Luncheons Meetings Telephone & Telegraph Books & Subscriptions Miscellaneous Expense Total Expenditures Balance, January 1, 1952 Receipts fran* Subscriptions (1st quarter) Lessj Outstanding subscriptions Interest on U. S. Treasury Notes Expenditures 31,906.2a 11,327.77 76.81 882.69 910.51 455.68 56a.72 89.50 215.70 728.1a 324.77 203.37 380.21 318,066.38 - 30,084.75 1,718.00 Lessj Expenditures Advances and Deposits 18,066.38 2,550.00 Balance, April 1, 1952 Reserve far Lead Handbook Total Balance, April 1, 1952 Cash $32,165.52 Savings Accounts 30,500.87 U.S. Treasury Notes 34,000.00 S96-,666.-39 $79,620.26 28,366.75 452.87 108,439.88 20,616.38 87,823.50 8,842.89 $96,666.39 0 LIt-0C<iPn SAFETY AND HYGIENE DIVISION Financial Statement January 1 to March 31* 1952 Salaries Social Security Taxes Travel Expense Office Supplies Telephone & Telegraph Books & Subscriptions Research Meetings Illustrations Entertainment & Luncheons Miscellaneous Expense " Total Expenditures Balance, January 1, 1952 Subscriptions (1st quarter) Less: Expenditures Advance Balance, April 1, 1952 Expenditures 03,667.50 55.02 380.87 138.88 53.15 252.12 3,867.97 1*7.00 1*2.00 57.93 1*7.23 $8,609.67 8,609.67 300.00 - $21,191.50 6,250.00 27,711.50 8,909.67 $18,831.83 n u L IAOCAt 1 METALLIC LE.1D PRODUCTS DIVISION Financial Statement January 1 to March 31, 1952 Salaries Social Security Taxes Travel Expense association Dues Entertainment Luncheons Meetings Conventions Sc Exhibits Illustrations Books Sc Subscriptions Miscellaneous Expense Total Expenditures Balance, January 1, 1952 Receipts frcm; Subscriptions (first quarter) Less; Ofitstanding Subscriptions Expenditures 53,900.00 58.53 2,81+1+. 81+ 105.75 187.31a 36U.27 33.00 1+9.68 1+3.29 69.19 7,655.89 12,997.50 58.00 Less: Expenditures advance Balance, Epril 1, 1952 7,655.89 750,00 0,1*14+. 73 12,939.50 23,381+. 23 8,1+05.89 5H+,978.31+ U L IAQC4F 2 RED LEAD DIVISION Financial Statement January 1 to March 31# 1952 Consulting Fees Salaries Social Security Taxes Travel Expense Telephone St Telegraph Meetings Entertainment & Luncheons Illustrations Exhibits St Conventions Miscellaneous Expense Total Expenditures Balance, January 1, 1952 Subscriptions (1st quarter) Less; Outstanding Subscriptions Less* Expenditures advance Balance, April 1, 1952 Expenditures 0 100.00 1,277.26 19.17 937.9U 8i*.56 182.50 65,06 29.1*7 31*0.50 122. lilt 3,158.90 5,279.25 31.50 3,158.90 1*00.00 L,9k2.60 5,21*7.75 7,190.35 3,558.90 $3,631.1*5 LI AOf4F3 WHITE LEAD DIVISION (Formerly General Promotion Fund) Financial Statement January 1 to March 31, 1952 Salaries Social Security Taxes Advertising Space Advertising Fees & Production Travel Conventions & Exhibits Miscellaneous Expense " Total Expenditures Balance, January 1, 1952 Less: Expenditures Balance, April 1, 1952 Savings Accounts Cash Expenditures $1,277.26 19.17 2,793.11 911i.06 130. Hi 310.50 36,311 $5,5L0.58 ,57,263.18 5,510.58 551,752.60 $20,397.07 31,355.53 $51,752.60 Board of Directors Meeting Minutes April 18, 1952 COPT AJAX ELECTRO METALLURGICAL CORPORATION Frankford Ave. & Richmond St. Philadelphia 23, Pa. Exhibit April 9, 1952 Mr. Robert L. Ziegfeld, Secretary Lead Industries Association 1*20 Lexington Avenue New York 17, N. Y. Dear Mr. Ziegfeld: The American Society for Testing Materials came into being 50 years ago for the promotion of knowledge of the materials of engineering _ and the standardization of specifications and the methods of "testing. Today it has nearly 8000 members, representing producers and con sumers of engineering materials. You are no doubt familiar with the tremendous influence of the Society in its field. Should you like further details, kindly drop me a line. In the latter end of June the Society will hold a Golden Jubilee in New York City. It will be a large undertaking, requiring funds be yond the normal budget of the Society. I have accepted the chairman ship of a sub-committee to solicit funds in the non-ferrous industries. Instead of approaching individual members or individual units it seems to me more fitting that I approach the various trade associa tions representing different groups within the non-ferrous industries; hence this letter. If each group contributes $100.00 the goal assigned to me will be attained. I hope your group will contribute the stated amount. Checks should be drawn to the Society and mailed to me. Yours truly, (Signed) G. H. Clamer President L I4C04 05 N 574.02 Board of Directors Meeting April 18, 1952 CO PI BENJAMIM KISSIN, M.D. 699 Ocean Avenue Brooklyn 26, N. Y. Exhibit "C" February lj, 1952 Manfred Bowditch Lead Industries Association ii20 Lexington Ave. New York 17, N, Y. Dear Mr. Bowditch: I want to thank you again for the generous interest you showed - in our work and for the pains and effort you spent to obtain an invi tation for us to the meeting at the Massachusetts General Hospital. Dr. Sobel and I are very grateful. In accordance with your suggestion, I will include here a brief description of our work and an estimate of what funds we will need to continue it, We have been using etfcylene diamiietetraacetic acid in the prevention and .treatment of lead poisoning. Thus far we seem to have been successful in preventing this condition but not in curing it* We feel that certain modifications in our medications, with which we have been experimenting, may overcome this obstacle. Since our ideas are fairly well crystallized at this point, our experimental program is rather modest. We feel that we could probably accomplish that program in a six month period. Toward that, we would need about one thousand dollars for a technician and about five hundred for animals, or a total of $1500, Dr, Sobel will be unable to attend the meeting but I hope to see you there. Sincerely, /s/ Benjamin Kissin Ll 4C0 A8e N 574.03