Document Xz64wyjZXmJBzMamKX1R460QG

At a regular meeting of the Directors of John T. Lewis ft Bros. Company, held this day in Room 1010 of the Widener Building, Philadelphia, there were presents J. W. Gardiner, President A. K. Wilson, Vice President X. H* Xerritt, Secretary L. T. Beale, Dlreetor Geo. A. Watts, Director The meeting was called to order by Xr. J. W. Gardiner, who presided, and Xr. X. H. Xerritt reported the minutes of tho meeting. The minutes of the meeting of October 18th were read and approved. Since our last meeting, Xr. Xerson has advised that there will be no crushing of linseed oil in our plant for the Government, and we are, bhbifWfere, authorised to dispose of the old machinery to the- best advantage. Our application for a CAS in the amount of $3987*12 for improving sanitary conditions in building 15 of our Lead Chemicals Department has been approved as CftR 6337* On motion duly made and seconded it was unanimously RBSOLVBD - that the following officers and officials of this company be authorised to sign our regular factory payroll checkst President 71ce President Secretary Treasurer Assistant Treasurer Cashier Assistant Cashier Chief Accountant and that a copy of this resolution be forwarded to the Corn Bxehange Batlona1 Bank and Trust Company of Phila delphia. Mr. Watts reported that he expects a good profit for the month of Bovember although the tonnage may be rather small. The following comparative figures for the month of October 1947 and 1948 and for the tea months of 1947 and 1948 were submitted as followsi October 1947 - Profit $76,944.95 10 months 1947 - Profit $486,180.40 October 194$ - Profit $28,825.06 10 months 1948 - Profit $379,119.27 On motion made by Xr. L. T. Beale and seconded by Xr. Gardiner, it was unanimously decided to accept the allocation of $1800 as suggested by NL 000040723 Philadelphia, Pa. , HCvembsr 17, 194ft . Page 2 - Mr. Simon, Treasurer of the National Lead Company, ae our contribution to the 1949 Community Chest, it being understood that this would include the name of the Titanium Pigment Corporation. It was decided to reduce our membership subscription to the Pennsylvania State Chamber of Commerce from $150 to $100 because of the stand taken by the Chamber on the sales tax. The following branch advertising budget was submitted and approved, and is in line with the suggestion from Mr. Knustt Salaries Advertisements in Publications (Including Tear Books) Printed Matter Imprinting Shipping Charges Donations Miscellaneous TOTALS PAINT PB0PPCT3 $3600. 300. 300. 4600. 2400. 50. iilsal mm $400. 200. 125. 400. 100. 50. $X?520*.. Paint Products TOTAL............................. ....$11,750.00 r0T"........................................................... There being no further business. upon motion the meeting adjourned. Morris tt. Mer^i'ii^Secretary NL 000040724