Document b8bzg4ZjZNXRv3vRzMr1m6a6

BOARD OF DIRECTORS MEETING New York, N- Y. January 17,1925. A meeting of the Board of Directors of the Lead Indus tries Association was held on Thursday, January 17, 1955, at 12:00 Noon, at the Board Room of the National Lead Comoany, 111 Broadway, New York City. Present Representing Clinton H. Crane, Chairman H. M. Brush Clarence Glass R. M. Roosevelt D. A. Callahan P. E. Sprague F. M. Carter W. Y. C. Hunt F. S. Mulock F. E. Wormser, Secretary-Ire-: surer. St. Joseph Lead Company American Smelting & Refining Co. Anaconda Sales Com:any Eagle-Picher Lead Company Hecla Mining Company Metals Refining Company National Lead Company Reynolds Metals Company United States Smelting Refin ing & Mining Co. Inc. Mr. Clinton H. Crane occucied the chair. The minutes of the previous meeting of September 25, 1924 were approved. Vacancy-Board of Directors The Chairman called attention to the vacancy on the Board due to the death of Mr. John A. McCarthy, and reguested nominations to fill this vacancy. The name of Mr. Clarence Glass, Vice Presi dent of the Anaconda Sales Company was proposed and seconded and there being no other nominations, the Secretary was instructed to cast one ballot for the election of Mr. Clarence Glass as a Direc tor of the Lead Industries Association. Treasurer's F.eoort The Chairman presented a report of expenditures of the Lead Industries Association for the calendar year 1934, as Ex hibit "A" attached, including a proposed budget totalling $40,200.00 covering the ordinary expenses of the Lead Industries Association for the current year 1935. There being no suggestion for the mo dification of this budget or any objection, the Treasurer's Report was approved and the budget for 1935 carried. The meeting thereuoon adjourned. ^ -- FXHIbIT "A" Foard of Directors Meeting January 17. 1925. January 11, 1925. To the Board of Tirectors of the Lead Industries Association: Enclosed olease find a statement of the receipts =na Dis bursements of the Lead Industries Association for the calendar year 1924. It is to be noted tha+: these accounts aistinguisy betv/een: (1) The ordinary expenditures of the Association, which include pre-code expenses. (2) The Forest Products - Better Paint Campaign. (?) Plumbing Promotion. (4) Medical Fesearch. It was necessary to handle the accounts in this manner because the por^st Products - Better ^aint Campaign and Nodical. Fesearch orogrsms were supported by a limitcc group of members directly interested in these oro^cts. With reference to Plumbing Promotion, this orogram was ap- oroved by the Board of Directors early in 1924 and subsecuentlv the lead plumbinr goods manufacturers in our Association enthusiastically endorsed it. There has teen a delay in financing this orogram owing to a feel-1 ng on +h of some of the smaller leac nine manufacturers that their orooortion of the eXoense is more than they can afford. It is to be honed that this oroblem will be adjusted at an early date. In the meantime, owing to economies that have seen mace in other di rections, we have beer ?rle to carry the Plumbing Promotion excesses without calling for any special subscriptions from members interested. Although ~he cash on hand at the end of 192< is S?,p19.00 lower than at the beginning of the year, this may be ascribed to *"he fact that: ^1) The Lead Industries Association has not vet been reimbursed for some Code Authority expenses incurred since September 30, 1934 when the last settlement for Code Authority expen ditures was made, and (2) Because a subscription for our medical research program was made to Harvard University in the sum of 13,000, which in part rep- ` resents an advance beyond the collection of $1,464.75, which was made for the program during 1934. The Treasurer, therefore, feels that we are in excellent financial con dition and that despite the uncertainty in 193^ as to our actual neces sary disbursements on behalf of code activities, we have ended the year closely in balance. As a matter of fact, the Lead Industries Associa tion carried in its regular budget all ore-code exoenses without mak ing any request of members for a special subscription to cover that extraordinary exoense. L I A00145 N 593.01 (* ? To the Board of Directors Pace P January 11, 1935 Based unon the experience of 1974, a pro-osec ordinary budget has been set up as follows: nor.TMjitv BT.TPGr"" Dro^osed 193 B Actual 1374 A^nrovea 1974 Furniture, Fixtures 4 Fcuioment t 500 Salaries pent ana Light PI .000 p ,100 Telegrach and TeleDhone 900 Books and Subscriptions ?~intlne Mailine P50 C fp ,000 ,500 T r a v e j inn "menses I ,500 Illustrate on Office Fxsenss Miscellaneous r50 1 ,?0 0 Medical Research ?rZ c ,P00 K ,000 340 00X) 3 47^.59 16,06?.81 1,669.40 831.17 P64.43 t^. , CP-Q 1- 13,137.44 1, PPG.54 7 6 5.5 n 1,3^6.47 399,96^.53 3,000.00 97C . O.y , <e 'Lcry c^f'zt_/ * 800 PI ,000 1 ,650 900 P50 ,000 son 1 ,500 pop 1 ,P00 335 ,000 *2 , onn 63 P ,000 Inis Buceet will enable us to a iv e some snecial attent ion 10 s lead, a cct which was deferred ir. 1934 on account of the press of coce matters. The prooosea ordinary budget for 1935 is aooro- ximetely the same as for 1974 but to it has been aaaed the mecical research subscriptions to be provided Harvard University during 1975. This has beer, done for the reason that there no longer exist a distinction b-*tween certain classes of mcmbersr.i o', whreby one class has no particular interest in lead poisoning, so that the pro gran of medical research should, it seems, now be succorted by all norr.Ders. Formerly, we had ammunition anc c-ble comoar.ies who did not have a direct interest in th subject of lead ooisoning. The ordinary budget orooosea above is ourely suggestive. Owing to the fact that the Code Authority headquarters are jointly occupied with the headouarters of the Lead Industries Association and that the Code Authority pxoenses in the form of salaries are a deduction from the pxonses of the Lead Industrie Association, there should be dufficient latitude in the budget probably to take care of contingencies, now unforeseen, which may arise from the re vision of the N.P.A. or other acts of Congress affecting the Lead Indus try. L 1a 0c1*6 LFAD TLTUFTPTrSASSOCIATT7N Treasurer's Report Calendar Year--1934 Cash on Hand and in Bank, January 1, 19?.4 P O 0 0 i ^"ts Membership Contributions, 1933 Membership Contributions, 1934 Ordinary Fund Forest Products-Better Paint Cam. Medical Research Contributions Paid in Advance Ordinary Fund plunhing Promotion 3811.50 34,978.00 13,800.00 1,464.75 183.50 310.25 251,54.00 less: Contributions Paid in Advance Januarv 1, 1934 Outstanding Contributions 412.75 846.00 1,258.75 Total Receipts TOTAL Disbursements Ordinary Disbursements: Furniture, Fixtures & Fcuirment Salaries F T; t ano li rht Offlc0 ^xr'Dr,sr ,i\ sc011 ^nf?ous Traveling Fxoenses Telephone fc Telegraoh Books and Subscriotions Printing Mailing Illustration 434.59 16,062.81 1,669.40 1,376.47 1,220.54 831.17 264.4? 3,889.11 3,133.44 385.57 29,267.53 Plumbin? Promotion: Salaries Traveling Expenses Advertising Printing Mailing Miscellaneous 3,825.00 3,500.58 120.50 49.49 27.50 590.85 8,113. QC Forst Products-Better Paint Campaign: Salaries 4,800.00 Traveling ^xoenses 3,604.02 Printing 453.10 Mailing 147.12 Miscellaneous 2,32f.49 11,326.73 Medical Research 3,000.00 310,834.48 50,289.25 361,123.73 (Over) L 1*0014 7 N 593.02 ,si Treasurer's Pouort Calendar Year-1924 Paee 2. Advances: For Traveling rxoenses S 450.00 For Code Authority Fxoenses 1,350.16 TOT/* T. riSBTTpSF'TrNTS Gas''- on Fane ar.c in Bank lecember 20, 1924 rr"~\rT'f. y !?, 400.16 154,108.24 7,015.29 $61,122.72 U A0C1^P