Document dQd8DLLVr4pBmrbwx4v8BOQrB

New York, N.Y December 16, 1952 A meeting of the Board of Directors of the Lead Industries Associ ation was held on Tuesday, December 16, 1952, at 12:15 P.M., at the Eankers Club, New York, N.Y. PRESENT REPRESENTING Norman Hickman K. C. Erownell V,'. R. Dice E. R. Anderson Clarence Glass J. A. Martino F. E. V,'ormser George Mixter American Metal Co. Ltd. American Smelting k Refining Co. The Eagle-Picher Co. Ethyl Corp. International Smelting & Refining-Co. (Anaconda Sales Co., Agents) National Lead Co. St. Joseph Lead Co. United States Smelting Refining & Mining Co. OTHERS Jean Vuillequez S. D. Strauss D. A. Merson Andrew Fletcher C. R. Ince G. H. LeFevre Neil Taylor American Metal Co. Ltd. American Smelting k Refining Co. National Lead Co. St. Joseph Lead Co. do United States Smelting Refining & Mining Co. _ do ' R. L. Ziegfeld, Secretary-Treasurer Manfred Bowditch, Director of Health and Safety Mr. Felix E. Wormser occupied the chair. The minutes of the previous meeting of April 18, 1952, were ap proved. . .,, REPORT OF THE TPEASURER The treasurer's report as of November 30, 1952, was-approved. This is attached as Exhibit "A.ft . DEATHS - L. E. HANLEY AND JOHN R. MACGREGOR 1 The president read a letter from Mrs. Persis Hanley in acknowledg ment of the recognition by the Association of the death of Mr. L.E.Hanley who for many years was a member of the board and the executive committee of the Lead Industries Association. The president also read a telegram from the John R. MacGregor Lead Company, informing the secretary of the death -of Mr. MacGregor on Decemte 15. The Eoard unanimously instructed the secretary to convey to Mr. MacGregor's family and associates its sympathy. EDDGETS FOR 1953 The budgets for 1953 were discussed at considerable length and were R approved as follows: ' Ordinary Fund Safety & Hygiene Fund Metallic Lead Products Fund Pigments k Chemicals Fund To Be Subscribed $100,000 4,000 30,000 To Be Drawn From Reserves 6,000 1.500 Bud eet $95,000 4,000 36,000 1.500 TOTAL $154,000 $7,500 $166,500 In the case of the Pigments and Chemicals Division, it was decided to discontinue all promotional work on white lead in paint and to transfer the remaining money in the white lead fund to the red lead operations. It was estimated that this would amount to some $34,000 at the year-end. The secretary and president were also instructed to make up a list of salary increases based on merit, to be submitted to the Executive Com mittee for approval. MOVIE ON LEAD POISONING The question of an educational motion picture on the causes and diag-__ nosis of lead poisoning was discussed at considerable length during the discussion of the safety and.hygiene budget, it "being estimated that such j j a movie would cost In the neighborhood of $40,000. As there was a i strong feeling on the part of at least one member company that as much could be accomplished at lower cost by using a sound slide film instead of a motion picture, it was generally agreed that a committee composed of the medical directors of seven or eight member companies be appointed by the president to decide on the relative merits of the movie or slide film. RESIGNATIONS: METALS REFINING COMPANY SILVER KING COALITION MINES CO. The resignation of the Metals Refining Co. which is no longer in the lead business was accepted. The resignation of the Silver King Coalition Mines>Co.'which has shut down for an extended period was accepted with regret and the secre tary was instructed to notify the Company that resumption of membership would be welcomed when and if operations were resumed. RESIGNATION FROM THE BOARD: 0. N. FRIENDLY JAMES IVERS The resignation of Mr. Oscar N. Friendly, Park Utah Consolidated Mines Co., from the Eoard of Directors was accepted and his recommen dation that Mr. Paul Hunt succeed him was noted. Inasmuch as the By Laws do not provide for filling vacancies on the Board except at annual meetings, no action was taken on nominating Mr. Friendly's successor. l i Accuse Eoard of Directors Meeting Minutes -3- December !<?, 1952 The resignation of Mr. James Ivers of the Silver King Coalition y Mines Co. from the Board of Directors was accepted, the vacancy to be filled at the next annual meeting. 1953 ANNUAL MEETING The secretary reported that arrangements for the 195? annual meet ing, to be held at The Greenbrier at White Sulphur Springs, W. Va., on April 9-11, were well underway. He asked the board's guidance on severe;! cuestions. The opinions of the board members were divided as to whether business meetings should be held on all three mornings, or only the first two mornings, or on the first day only, with the other two days remaining open. It was generally felt that division meetings would not be well at tended and, therefore, might well not be scheduled during the annual meeting. The general consensus was that no formal luncheons or dinners would be held unless it was decided to hold meetings the entire first day, in which case a luncheon might be held. However, receptions for the entire group should be arranged for the first and second evenings before dinner. 1954 ANNUAL MEETING The secretary_asked instructions as to where the board might like to have its 1954 annual_meeting. The boa-rd asked the secretary to try to arrange to hold it jointly or consecutively with the American Zinc In stitute in St. Louis. WHITZ HOUSE CONFERENCE ON RESOURCES FOB THE FUTURE The White House Conference on Resources for the Future was discussed and it was brought out that the Ford Foundation is financing it. Because little definite information is available at this time, it was felt ad visable that the Association keep in touch with developments so that it could determine at a later date whether the Association would want to take any active part in the Conference if it were given the opportunity. Meeting adjourned at 2:30 P.M. Q j l i i c o a ? <; 0 FINANCIAL ST..TSLENT RECAPITULATION OF /.LL DIVISIONS (a) January 1 to Novomber 30, 1952 .1 MET.JJJC FIGMENTS & CHEMIC ORDINARY SAFETY AND HYGIENE i iiu< JJ PRODUCTS RED Ilivi D WHIT Balance, Jan, 1 ~ Special Reserves........................ Government Securities.................... t o t ;x e j l -n c e , j a n . i f.ljb, 913.39 0,81*2.89 30,500.87 3U.ooo.oo $88,257*15 $21,U91.50 $21,U91.5o Receiptsi Full Year Subscriptions... $99,111.50 Lesst Outstanding Subscriptions 100.00 Net Subscriptions................................. Miscellaneous Roceipts............ TOTAL AVAIIABLE Disbursements...................................... .. Advances & Deposits............................ $99,011.50 6,552.87 $193,821.52 2,650.00 $25,000.00 1 $25,000.00 U.00 $U6,U95.50 T50;5I9.35' 1 300.00 TOTiJL $87,877.93(b) f20,819.35 Balance, December 1 Cash.................................. T,.M1 Special Reserves............................ .. Savings Accounts............... Government Securities.....____ $Ul,UU2.72 30,500.87 3U,000.00 $25,676.15 TOTAL BALANCE, December 1 "105.9U3.59 (25,676.15 See_ individual fund Financial Statements for details lb) Includes $8,8U2.09 disbursed from Reserves, N 619.01 $10,UUU.73 $1,9U2.60 $36,8 20,3 $10,UUU.73 $1,9U2.60 $57, $50,302.00 $21,510.50 166.00 $50,136.00 $21,510.50 $60,580.73 $23,U53*10 v3U,597*72"tTJ5W31" 750.00 Uoo.oo $35,3U7.72 $15,51U.31 $57,3 $*u, $20, $17,936.19 $ 7,938.79 7,296.82 * $15, 20,3 $25,233*01 C 7,938*79 1 $36,3 RECAPITULATION OF BUDGET DATA (ih bound Figures, EstlmatodX Approved Budget, 1952 Approved Subscriptions, 1952 Balance,.January 1, 1952 Estimated Expenditures, 1952 Est, Balance, January 1, 1953 Recomnended Budget, 1953 Received from M.PJV,, 1952 To Be Received from M.P.A., 1953 ORDINi.HI 03,000 100,000 88,000 81i,000b 101,000 88,000 8,600 10,000 SAFETY AND HYGIENE 25,000 25,000 21,000 2U,000 23,000 6U,ooo METALLIC LE.J) PRODUCTS PIOENTS & CH RED LEiJ) TW 50,000a 21,500 50,000 21,500 10,000 2,000 li2,000c 17,000 I5,000d 6,000 36,000 21,500 a. Of this amount ?>8,000 is to be spent only with express approval of the li.L.PJ). Adviso b. In addition 9,000 spent from a special reserve, o. In audition C3/0OO spent from a spooial rosorve (see note a), d. Of this amount v5,000 is the special reserve mentioned in notes a and c BUDGET DATA ORDINARY FUND (INCLUDING SAFETY AND HYGIENE) Approved Budget for 1952: Ordinary .Fund Safety and Hygiene Funds Subscribed for 1952: Ordinary Fund Safety and Hygiene Received from Metal Powder Assn., 1952 Estimated Expenditures for 1952: Ordinary Fund Safety and Hygiene $83,000 25,000 $100,000 25,000 $8L,000 21;, 000 $108,000 $125,000 $8,600 $108,000 Recommended Budget for 1953: Ordinary Fund Safety and Hygiene To Be Received from Metal Powder Assn, in 1953: $88,000 61;,000 " $152,000 $10,000 The Ordinary Fund includes the safety and hygiene activities, of the Association. A detailed report of the latter work will be sent to all members. Total expenditures for both funds combined about equaled the approved budget, despite an addition to the staff and remodeling of the offices and purchase of furniture to accommodate additional personnel since more space was not available. In addition payments from the Metal Ibwder Association were increased. . The budget recommended for 1953 for the Ordinary Fund is $5*000 higher than the 1952 budget to take care of the additional staff member for the entire year and additional office space if and when it becomes available. At present the office has no space large enough to hold meetings and must hold them in hotels and clubs at extra cost. However the net cast of this recommendation to Lead Industries Association would be only about $2,000 more than last year because of the increased M.PJL, payments. In Safety and Hygiene a budget of $61;,000 is recommended for 1953* This is an increase of $39,000 over the approved 1952 budget and $1*0,000 over the actual 1952 expenses. The increase is solely for the production of an educational motion picture on the causes and diagnosis of lead poisoning. The alarming number of cases of alleged lead poisoning, parti cularly in children, which are being reported makes it clear that a motion picture is the only feasible approach to the problem. Evidence to this effect will be presented at the directors* meeting. LI AGO*92 Budget Data - Ordinary Fund (including Safety end Hygiene) -2 - We have also been requested to cooperate in an exhibit on childhood accidents at the annual meeting of the American Medical Association* The exhibit would be in cooperation with the Metropolitan Life Insurance Co., the American Medical Association, The American Academy of Pediatrics, and the National Safety Council. No other change in these activities is recommended. The work at Children*s Hospital in Boston should be continued. The studies at Johns Hopkins, provided for in the 1950 and 1951 budgets, are now under way and no expense is expected in 1953* The Ordinary Fund will have reserves of about $101,000 on January 1, 1953 and. Safety and Hygiene approximately $23,000 additional. I LI*00*93 r unu Financial Statement January 1 to November 30 1952 and Estimated Full Tear Rent and Light Furniture, Fixtures and Equipment Salaries Social Security Taxes Travel Expense "IE AD'1 Printing Mailing Office Supplies Association Dues Entertainment and Luncheons Meetings $3,026.85 Less:Annual Meeting Registrations Telephone and Telegraph 1,705.00 Books and Subscriptions Illustrations New Handbook $11,117.18 Less: Reserve - = for Book |8^k2.89 Sale of Book 1^186.25 10,029.1k Office Remodeling Miscellaneous Total Expenditures Expenditures Jan. 1 to Nov. 30 Estimated Expenditures Full Tear $ 7,017.k6 ' 1,886.75 k3,691.08 8k3.97 5,161.3k k,080.27 1,536.99 1,91k.00 1,638.91 30k.00 762.8k $ 7,700.00 2,000.00 k8,000.00 1,000.00 5,600.00 5,800.00 1,600.00 2,100,00 1,800.00 500.00 800.00 <3,100 1,321.85 1,312.15 k92,5k 691.13 1.710 $11,200 $8,850 1,390.00 l,k00,00 600.00 700.00 - 1,118.0k 71k.85 1,896.57 176,385.0k 1,700 10r550 650.00 700.00 2,100.00 $8k,kk0.00 Balance, January 1, 1951 $79,klk.26 Receipts from: Subscriptions (Full Tear) $99,111.50 Less: Outstanding Subscriptions 100.00 99,011.50 Metal Powder Association Interest on Bonds Interest on Savings Accounts 6,100.00 k52,87 -- $m, 978.63 Less: Expenditures Advances & Deposits $ 76,385.0k 2,650.00 79,035.0k Total Balance, December 1, 1952 $105,9k3.59 Cash Cash Savings Account U. S. Treasury Notes $kl,kk2.72 30,500.87 3k,000.00 $105,9k3.59 $79,klk.26 99,111,50 8,600.00 k52.87 765.00 $188,3k3.63 $8k,kk0 2,650 87,090.00 Eet. Jdft$L01,253.63 X> 1953 LI A $35,997.76 31,265.8? 3k,000.00 $101,353.63 SAFETY AND HYGIENE DIVISION Financial Statement January 1 to November 30. 1952 and Estimated Full Year Salaries Social Security Taxes Travel Expense Office Supplies Mailing Telephone and Telegraph Books and Subscriptions Research Meetings Association Dues Illustrations Entertainment and Luncheons Miscellaneous ~ Total Expenditures Expenditures Jan, 1 to Nov, 30 $13,232.1*6 198.1*5 1,201.71 177.28 77.67 271.26 369.93 1*, 171.67 103.00 58.50 181.1*1* 366.52 109.1*6 $20,519.35 Estimated Expenditures Full Year $11*, 500.00 200.00 1,600.00 200.00 100.00 300.00 1*00.00 5,200.00 110.00 100.00 200.00 - 500.00 125.00 $23,535.00 Balance, January 1, 1951 Subscriptions (Full Year) $25,000.00 Receipts from Proceedings (191*8) 1*,00 Less: Expenditures Advance $20,519.35 300.00 Balance, December 1, 1952 $21,1*91.50 $21,1*91.50 $25,000.00 25,OQli.OO fc.oo 25.00I*. 00 $1*6,1*95.50 $1*6,1*95.50 $23,535.00 20,819.35 300.00 23,835.00 $25,676.15 Est, Jan. $22,660.50 1, 1953 Ll&CO4*? BUDGET DATA MET.XLIC LEAD PRODUCTS DIVISION Approved Budget for 1952* $50,000* Includes a special fund of $8,000 to be spent only for certain specified purposes with approval of advisory committee. Estimated Expenditures for 1952j $U*,920* Includes $3,000 from special fund (see above). Recommended Budget for 1953* $36,000 To be subscribed by* Mining Companies Manufacturing Companies , $10,'000 20,000 $30,000 A report of this Division's activities in 1952 was sent to members of the Division on November 18, 1952. It was accompanied by a recommenda tion of the Division's advisory Committe that the budget for regular acti vities be cut .<.6,000, largely through the elimination of non-recurring printing items and though economies in travel. It was also recommended that subscriptions be reduced one-third, which would yield an estimated total of $30,000, the remaining $6,000 to be drawn from reserves esti mated at about $10,000 on January 1, 1953, with another $5,000 remaining in a special fund* - - - - No opposition to the Committee's recommendations has been received. 0 L I AC 0 4 96 METALLIC LED PRODUCTS DIVISION Financial Statement January 1 to November 30, 1952 and Estimated Full Year Expenditures Jan. 1 to Nov, ;30 Estimated Expenditures Full Year Salaries Social Security Taxes Travel Expense Mailing PLUMBERS' FORUM ..ssociati n Dues Entertainment and Luncheons Meetings Conventions and Exhibits Telephone and Telegraph Illustrations Office Supplies Printing Books and Subscriptions Plumbers1 Text Book Miscellaneous Expense I | Total Expenditures " $li*,l*13.00 228.01 11,888.69 99.80 1,525.80 213.25 936.25 1,209.81* 2,072.1*5 11*5.39 288.08 26.59 15.91* 131*.97 1,011*. 81* ` 381*, 82 $31*,597.72 $15,990.00 230.00 13,000.00 100.00 3,600.00 300.00 1,000.00 1,300.00 2,100.00 150.00 1*00.00 100.00 3,000.00 150.00 3,000.00 500.00 $1*1*, 920,00 Balance, January 1, 1952 $10,1*1*1*. 73 $10,1*1*1*.73 Receipts fronu Subscriptions (Full Year) Less: Outstanding Subscriptions $50,302.00 166.00 (Full Year) 50,302.00 50,136.00 $60,580.73 $60,71*6.73 Less: Expenditures Advances $31*, 597.72 750.00 $1*1*, 920.00 35,31*7.72 750.00 1*5,670.00 Balance, December 1, 1952 Reserve for special activities *8,000.00 Less: Spent for Plumbers Text Book 703.18 $25,233.CO. Est. Jan. 1, 1953 , $8,000.00 7,296.82 3,000.00 $15,076.73 5,000.00 Net Balance, December 1, i1952 $17,936.19 Est, Jan. $10,076.73 1, 1953 To be spent only with advisory Committee approval for Text book, (already approved) motion picture, traveling exhibits, and plumbers1 contest. u LI AC0*97 BUDGET DA Til MOMENTS AHD CHgMlCALS PTYISTON RED LEAD SECTTCN Approved Budget for 1952: Estimated Expenditures for 1952: 021,500 16,850 Recommended Budget for 1953: 21,500 To be subscribed by: Mining companies 010,750 Manufacturing companies 10,750 21,500 A report of this section's activities in 1952 was sent to members of the Division on December 2, 1952. It was accompanied by a recommenda tion of the Red Lead Technical Committee that the budget for 1953 remain the same as in 1952, namely $21,500. Because member companj.es have cur tailed their own field work, the Committee felt that the Association should undertake more by addition of another man to the staff. This Could be done, without increasing the budget, ty splitting the additional expense with the vvhite Lead Section since joint operation of the two Sections "as the Pigments and Chemicals Division has reduced costs. ~ It is estimated that this Section will have on hand a balance of about &6,200 on January 1, 1953. L 1400496 PIGMENTS AND CHEMICALS DIVISION RED LEAD SECTION Financial Statement January L to November 30, 1952 and Estimated Full Tear Expenditures Jan* L to Nov. 30 Consulting Fees Salaries Social Security Taxes Travel Expense Telephone and Telegraph Meetings Entertainment and Luncheons Printing Illustrations Research Material Books and Subscriptions Association Dues Mailing Conventions and Exhibits Office Supplies Miscellaneous Expense $ 300.00 U,871.33 98.55 3,571.66 250.63 919.33 311.92 929.06 23o.oa 1,398.92 28.51 60.50 213.79 1,165.99 169.38 288.65 . Total Expenditures Balance, January 1, 1952 Subscriptions (Full Year) $15, 111*. 31 * 1,912.60 21,510.50 *23,a53.10 Less; Expenditures Advance $15,13]*. 31 aoo.oo 15,51a.31 Balance, December 1, 1952 $ 7,933.79 Estimated Expenditures Full Tear $ 300,00 5,300.00 120.00 a,000.00 300.00 1.000,00 aoo.oo 1,100.00 250.00 1,aoo.oo 30.00 60.00 2a_0,00 1,850.00 200.00 300.00 $16,850.00 -- $ 1,91*2.60 21,510.50 $23,a53.10 $16,850.00 aoo.oo 17,250.00 2s t. Jan. $ 6,203.10 1, 1953 LI tC 04^ C\ t' J BTO3T PIGMENTS AND CHEMICAIS PIVISTCM WHITE LEAD SECTION Approved Budget for 1952j 30,000 Estimated Expenditures 1952: 23,560 Recommended Budget for 1953: 30,000 To be subscribed, 1953: None A report of this Section's activities in 1952 was sent to members of the Division on December 2, 1952. It was accompanied by a recommendation of the White Lead Technical Conmittee that the budget remain the same as in 1952, namely 30,000. It was recommended that another man be added to the staff to increase field work, the expense to be shared with the Red Lead Section. This could be done without increasing the budget because certain expenses, mainly advertising fees and production, and printing, had been estimated too liberally in the preceding year. -- It is estimated that this section will have a balance of 33,800 on January 1, 1953, enabling it to draw all necessary funds for operations in 1953 from reserves, about depleting reserves of this Section by January 1, 195U. 0 LI AC050C PIOHENTS AND CHEMICALS DI7ISICN LEAD SECTION kO Financial Statement January 1 to November 30, 1952 and Estimated Full Year Expenditures Jan. 1 to Nov. 30 Salaries t 1*,871.33 Social Security Taxes 98.53 Advertising Space 10,011.09 Advertising Fees i Production 3,272.07 Travel 1*50.92 Conventions & Exhibits 1,1*67.71* Research, Research Materials 1*16.67 Miscellaneous Expense 380.17 Total Expenditures $20,968-. 52 Estimated Expenditures Full Year ; 5,300.00 120.00 10,650.00 3,800.00 1,000.00 i,85o.oo 1*20. X 1*20. X $23,560.00 Balance, January 1, 1952 Receipts from W. L. Book Less* Expenditures Balance December 1, 1952 $57,263*18 82.50 $57,31*5.68 .20,968.52 $36,377.16 Bst Jan, 1, 1953 157,263*18 82.50 $57,31*5.68 23,560.00 $33,785.68 Cash Savings Accounts $15,980.09 20,397.07 $36,377.16 $13,388.61 20,397.07 $33,785.68 L 1' r' 0 5 0 1