Document XR7L4ZjL8rmng3NV4546ozo4y

Philadelphia, p January IJi 1941 At a regular BMttftg of the Biriitari of Jehu f* Lewie A Sr.ee* Oe. held thin day in their offices is the lidener Building, there were present: of the Beard The meeting wee celled to order by Mr* Sdward f* Beele, who presided, and Mr* reforted t^e minutes of the nesting* The minutes of onr meeting f January 4 were reed end approved, Mr* gerdinsr reported that a new agreement with ?. V* damn A Co, in, for warehdhsd errlngenehte in tiehmoad had keen completed. Under this new agreement wfeieh |:e!; oh: d etr^etljr. eerrise basic and not on a salary beele, the eompeao*tlon will bo 11,00. per year with a alight eharge for any ereeee on the amount of baeinese handled daring the pact year it wiii/!:i^ieiaKe; earing off approximately 11400. to John T. Lewie a Broe.G. Mr. Beewee reported that oerllle A Doughty are willing to adjust their elelm against as on the heels of 13500* each as an offset for their research work end with the anderetending that payment of their present aeeeant with ae of about 115,000* will be deferred for six months. If wee deeidod that ths Lewi(iiO#mp*nywold gre# to this on ths basis that Oerllle A Doughty aaat ^ T: a^looiatlJ'ar'maa^tt'hm from as for ea eh providing our' oxides art satisfactory. ^ The rognler woOkly report of shipment a for the week ending January 10 was submitted end also a comparative report for the oatire year 1940 as oomparod with 1955 and 1959* Mr* Wilson raportad that Mr* Smith completed hie survey of Uncood oil eoete at ^hle branch last trlday bat he still has to study the flaxseed department in Mew York before he earn make hie final report. Ths purchase of e 1941 Ohevrelet Meetor Deluxe Coupe for the aoe of ear ealeemes, Mr, 'Soles, at a net eoet not te exceed #350*00 including the trede^l4::f^fl th# Id doff, ws approved and forwarded to jfewferk for their attention in the regular way. There being no further baeinese, upon motion the mooting adjourned* Secretary* N 27151