Document bKQD4EVnRwxKa5ee1poE3Gw6

ANNUAL MEETING or THE FRICTION Km TRIALS STANDARDS INSTITUTE. INC- Wednesday and Thursday, June 20 and 21t 1962 at 9:30 A.M. AT the French Lick-Sheraton H 'CL,* French Lick, Indiana MEM3ERS REPRESENTATIVES American Brakeblok Division American Brake Shoe Company Auto Friction Corporation Brasbestos Brake Lining Company Gatke Corporation Grizzly Brake Division or MarPro, Inc. Johns-Manville Corporation H. Krasne Manupacturing Company MARSHALL-ECLIPSE DIVISION The Bendix Corporation Moloed Materials Division Carlisle Corporation Raysestos-Manhattan, Inc. Reodaway Manufacturing Company Russell Manufacturing Company Scandura, Inc. Silver Line Brake Lining Corporation Southern Friction Materials Company Thermoid Division H. K. Porter Company, Inc. Wellman Company, The S.' K. World Bestos Division The Firestone Tire & Rubber Company R. F. Utermohlen S. A. Com1 ns K. G. Duschek (proxy) F. T- Gatke W. J. Hogan A. J. Bette H. G. Duschek (proxy) J. H. Kelly W. J. Vachout J. L. McGovern, Jr. C. J. Sullivan H. G. Duschek (proxy) C. B. Whitley S. A. Smith H. G. Duschek (proxy) V. L. Benton W. E. Canpielo J W, Greenen OTHERS PRESENT American Brakeslok Division American Brake Shoe Company Grizzly Brake Division op MarPro, Marshall-Eclipse 0|CI8TON The Benoix Corporation Raybestos-Manhattan Inc. Inc. Scandura, Inc. Wellman Company, The S. K. R. E. Nelson S. Conway L. 0. Van Gundy H. C. Hodson A. K. Litchfield C. W. Sachs A. E. Daly R. C. Brigleb Friction Materials Standards Institute, Stickles, Hayden, Young, Kennedy & Hort H. G. Duschek, Secretary L. D. Stickles, Counsel P-FMSI- 0C50 SRAKE SHQF MANUFACTURING MEMBERS National Transport Supply, Inc. Pick Manufacturing Company M, Franklin W. J. Dooley NOT PRESENT Lasco Brake Products Corporation, Ltd,. Miley Company, The L. J. Universal Friction Materials Company Mr. McGovern, President, called the meeting to order at 9:30 A.M. MINUTES Or PREVIOUS MEETING The Chairman announced that the minutes of the previous meeting held on June 20 AND 21, 1961 HAD BEEN DISTRIBUTED BY MAIL AND 'A MOTION WOULD BE ENTERTAINED FOR THEIR ACCEPTANCE UNLESS THERE WAS A REQUEST FOR A READING OR ANY CORRECTIONS OR ADDITIONS TO BE MAOE THERETO. Upon motion duly made, seconded and unanimously passed, it was RESXVED: That the minutes of the.meetings of June 20th and 21st 1961 be ACCEPTED AS DISTRIBUTED. REPORT OF THE PRESIDENT Because we are all so busy, it ooes not seem possible that a year has elapsed since our 1961 Annual Meeting which was held exactly one year ago today at this same HOTEL. Much has happened within this year, nationally and internationally, as well as WITHIN OUR OWN ORGANIZATIONS. POLITICAL SITUATIONS ABROAD AFFECT THE ROSTER OF OUR MENSERSHIP BECAUSE FEES ARE NOT PERMITTED TO LEAVE THEIR RESPECTIVE COUNTRIES AND THE EXPORTS OF OUR ACTIVE MEMBERS ARE ALSO AFFECTED BECAUSE DOLLARS ARE INVOLVED. Within our ambers1 own companies* changes constantly take place and we welcome THOSE WHO are ATTENDING THIS YEAR*S ANNUAL MEETING OF ^HE F.M.S.l. FOR THE FIRST TIME. IT IS, AT AN ANNUAL MEETING, THAT REPRESENTATIVES BECOME AWARE OF THE AMOUNT OF TIME AND EFFORT GIVEN GRATIS BY THE VARIOUS COMMITTEE NUMBERS AS WELL AS THE AMOUNT OF WORK PERFORMED BY THE INSTITUTE STAFF. The BULLETINS RELEASED BY the Institute Office do not reveal how much correspondence and checking is involved IN obtaining the information which, when releases appears to be a simple matter of SETTING UP THE DATA. PROBLEMS COMING TO THE ATTENTION OF THE INSTITUTE OFFICE, AFTER OUE DELIBERATION AND FOUND THAT THEY CANNOT BE RE80LVE0, ARC THEN SUBMITTED TO THE RESPECTIVE COHMITTEES APPOINTED FOR SUCH SITUATIONS OR TO COUNSEL. Your Board of Directors meets semi-annually at which time they consider the work PERFORMED BY THE COMMITTEES AS STATED IN THEIR RESPECTIVE REPORTS AND CITHER ACCEPT ANY RECOMMENDATIONS MADE OR INSTRUCT THE COMMITTEES TO FURTHER STUDY CERTAIN PHASES OF A PROBLEM. THESE REPORTS, WHICH WERE PRESENTED TO THE BOARD &E88ION YESTERDAY, WILL BE READ TO YOU IN THEIR ENTIRETY AND |F YOU HAVE ANY QUESTIONS OR SUGGESTIONS, YOU ARE URGED TO EXPRESS THEM. It 16 ONLY THROUGH THE FREE EXCHANGE OF I0EA6 THAT PROGRESS CAN BE MAOE AND THE BEST INTERESTS OF THIS INDUSTRY MAINTAINED. The ECONOMIC CONDITIONS EXISTING IN THIS COUNTRY AS WELL AS IN FOREIGN NATIONS HAVE AN EFFECT ON BUSINESS AND WE ARE ALL FACED WITH SIMILAR PROBLEMS. Such conditions also affect a technical organization such as the F.M.S.l. and