Document e11JkGXM8oEwJpN1b6Jqv8vvm

LIA2 0799 J ANVUa L KE1TIS0 OK THt MBVEERS OF THE i.f -'I in is .-t h e s ^Gocunoa Chicago, 111. April l?, 19*0 ! 0 The annual meeting of the members of the Lead Industries Associ ation rbs held on Friday, April IE, 19r0, at 11:ED P.K. at the Crake Hotel, Cnlcago, 111. PRESENT REPRESENTING Harold Hertzog Peter Tort H. F. Elttner Norman Hickman Jean Vulllequez W. B. Clancy S. C. Strauss Julian S. Eers C. E. Elscaye J. E. Haffner r. c. Tiooif C. A. Fitch, Jr. F. L. Hallaa H. G. VcBoyle V. A. Nolfklll Nray Farcin P. E. Jssup Arnold Keliman Irv. Sachs J. A. btonv' H. Clifford Ealley S. J. Stickley H. F. Merrill W. F. Murdock T. S. Shore Eurton Shupp V. V. Roller K. N. Green F. F. Anderson J. A. Costello A. F. Knight J. E. Eerg G. V. Baumann A. V. Callls C. J. Gross R. A. Gardiner H. A. Gardiner, Jr. J. P. Futh M. S. Goldsmith J. 0, Johnstone Miliar: Mike, Jr. M P. Mike, III Alpha Vetals, Inc. do The American Ketal Co. Ltd. do do American Smelting A Feflnlng Co. do Eers A Co. Broken Kill Associated Smelters Pty (C. Tnnant Sons 1c Co., Agents) Bunker Hill and Sullivan Mining & Concentrating Co. do Chief Consolidated Mining Co. Consollcated Mining and Smelting Co, of Canada, Ltd. do do Cay Vines, Inc. do Division Lead Co. do Division Lead Co. E. I. duPcnt de Nemours % Co. do The Eagle-Plcher Co. do do do do The Electric Storage Eattery Co. Ethyl Corp. do Euston Lead Co. Federal Vlning % Smelting Co. Federated Vetals Division American Smelting k Feflning Co. do do Gardiner Vetal Co. do The Glldden Co. Goldsmith Bros. Smelting * Refining Hammond Lead Products, Inc. do do * LIA20800 Annual Meeting Minutes PERCENT L. S. Somers Clarence Class F. A. Wardlaw, Jr. A. P. Knapp John R. MacGregor H. T. Morgan K. C. Poddy R. Spitzer w. P. Carroll E. P. Dondorf A. H. Irenes J. A. Martino T. A. Merson Alex Stewart H. C. Wlldner G. M. Flies Randolph Charrlngton Andrew Fletcher C. E. Ince F. E. Kormser Milton Pllversteln L. K. Goldberg G. H. LeFevre W. C. Page F. C. Smyers F. L. Warner Eorard Novasel F. C. Conklin H. atner X. G. Stover F. S. Elfred, Jr. J. J. Sharkey 2 - April IS, 1950 F.EPFESFNXINO Imperial Type Metal Co. International Smelting k Eefining Co. (Anaconda Sales Co. Agents) International Smelting 4 Refining Co. Knapp Mills, Incorporated John P. MacGregor Lead Co. do Metals Eefining Co. Metro Smelting Co. Rational Lead Co. National Lead Co. do do do do do do North American Smelting Co. St. Joseph Lead Co. do do Silversteln It Plnsof, Inc. United American Metals Corp.of 111. United States Smelting Eefining Sr Mining Co. do do do Victory White Metal Co. Vulcan Lead Products Co. do Western Electric Co. Inc. Winchester Repeating Arms Co. (Olin Industries, Inc.) do Robert L. Zlegfeld, Secretary-Treasurer Lavld M. Eorcina Manfred Bowcltch Kespton H. Roll Christy J. Vender Valk GUESTS William M. Eeadey, Plumbing Contractors Association F. L. Wilcox, Economic Cooperation Administration . Flchard H. Mote, U.S. Eureau of Mines Ed. Snyder, Combined Metals Reduction Co. Fv<in Just, Engineering ana Mining Journal Jens Jenser,, Pend Oreille Vin"S 4 Metals Co. J. K. Fich.rdson, Utah Mining Association Frank L. Kulow, V.illard Storage Battery Co. FtPFEfFNTEr BY PFOXY The Flectrtc Auto-Lite Co. Ev:ns Metal Co. The Flemtn Lead Co. Inc. Reel'. Miring Co. Johnston Foil Manufacturing Co. Lead Products Co. Northwest Lead Co. Park Utah Consolidated Mines Co. Phelps lodge Corp. The Elver Smelting V Feflnlng Co W rr*w 'gyy *P l IA20801 Annual Meeting Minute* -5 April 1?, 19?0 Fochester Lead Works, Inc. Shattuck fenn Minin? Corp. Standard Bolling Mills Inc. New Perk Mining Co. Sunshine Mining Co. | ft'ensley Metal Products Co. - White Metal Polling k Stamping Corp. Mr. Felix E. Wormser, president occupied the chair. The minutes of the previous mee ng of April 8, 1919, were approved. p.rPQUS OF TKF SECbETABY AND TPFASUPEF The report of the secretary and treasurer, attached as Exhibit A and E, was approved. F.SPOBT OF THE PRESIDENT The president said those of you who participated In last year's convention know that we set a high standard. Your attendance today In dicates that once again you wish to profit by the exchange of views ar ranged on our prograr.. You who are miners have a fine opportunity to meet enc talk to the men who cope with the ultimate use to which lead is put. You who are manufacturers have a fine opportunity to learn at first hanc the many difficult problems Involved in finding lead and winning it from the earth. All of us here operate In an Industry having to do with the production and use of one of the world's great natural resources, and we have much to learn from each other, regardless of whether or not we center our activities In the United States or some other country. Considerable water has flowed over the daw since we were here la't, mainly the correction which was then underway of establishing a more normal relationship between the available supply and the effective demand for lead. Shortages of unpleasant renory are completely over end we hope they never occur again. The emphasis now Is on markets. Unlike the ore-wur status of our retal, the world lead market Is now established by what happens within our borders. Other countries now use the free market here for a determination of their own market,translating the result In terms of their own currency. Eecause lead Is a world com modity, I think It Is Important for all of us to acquire every tit of Information on the situation in neighboring countries, particularly Canada and Mexico and countries far away, such as Australia and Furope. They all have a bearing on our future. In the program today, we shall have the benefit of listening not only to experts from our own country but also friends from others. I think we must sll realize, especially the miners, that It is not the producers who determine the market for their prouuct, but thlr customers, fthen they re fuse to buy, we have to reduce the price or forego the pleasure of soiling them. Therefore, It is -extr-mely important to know what motivates their thinking and how they view the future of their merchandise, whether It Is white lead, cable, alloys, or other Important products of lead, fte should listen with particular Interest to the observations of the representatives of each or.c of these great uses today. fte know that the extraordinary hl^h market price of lead which ruted until recently for cn extended period of time, enc the unavailability of an adequate supply, has caused scrlt is dlslocutlrns ir. the use of our me*-.al. "hall the miner-, work with the ir.*'-rested fabricator-: In trying to *s I LIA20802 -i Annual Meeting Minutes -4- April 1?., 19t0 capture some of these markets? Or shall we drift with the tide? Th Is one of the Important questions each one of us rust, answer for him self. The meeting today will help provide a proper background. Uy own feeling Is that the miners must have a distinct Interest In the end use for their product and that we should use the facili ties of the Lad Industries assoclttion to protect our outlets, especially where our manufacturing members feel It Is desirable to do so. Incidentally, this Is c simple mechanism which cen be used to improve the position of lead without resort to government assistance, and Is much to be preferred over artificial aid at public expense. I think we are ell fortunate to be making our livelihood in serving the public where lead requirements are concerned. Lead Is an extremely useful metal, an all of yru know, and we must not forget that every one of our outlets is subject to competitive pres sures which will have to be met either individually cr collectively, or both. The proceedings here today should pave the way for con structive activities on the part of the Association in serving the Industry the way the founders originally Intended, namely, acting as an instrumentality through which our various branches can help to Improve their positions competitively. j FLECTION Of BOa FE OF EIF1CTUHS The secretary then read a list of the Eoarc of Tlrectors of the Lead Industries Association, with the changes requested by member com paries represented on the Board. He explained that there were two vacancies on the Board. A quorum being present, In person or by proxy, the following directors were duly nominated and unanimously elected directors of >: the Lead Industries Association for the ensuing y'r, with two vacancies remaining, to be filled at a later date to heve the western mining members more adequately represented: Norman Hickman, Vice President K. C. Erownell, Presicer.t Clarence Glass, Vice President S. A. Easton, President J.U.Eowlby,Chairman of board J.A. Costello, Vice President E. L. Nerhouse,Jr., President J. P. Puth, Vice President J. A. Martino, President 0. N. Friendly, Vice President F. E. ftormser, Vice President Jarre:; Ivers, Vice President George Vixter, Vice President H PM'fFNI ING The American Metal Co. Ltd. American Smelting 4 Feflnlng Co. _'ntrnatlorel Smelting 4 Feflnlng Co. (Anaconda Sales Co. Agents) Eur.ker Hill 4 Sullivan Mining 4 Concentrating Co. The Eagle-Plcher Co, fthyl Corp. Federated Metals Hvlsion American Smelting 4 Feflnlng Co. The Glidden Co. National Lead Co. Park Utah Consolidated Mines Co. St. Joseph Lead Co. Silver King Coalition Vines Co. U.S.Smelting Feflnlng 4 Mining Co. The president then asked if there were any questions or other business and upon there being the meeting adjourned at :lb P.K Secretary l rgWMfWfrWg' L IA 20803 < Annual Kiting Exhibit "A* April 1J-U,, 1950 0 REPCRT CF THT, SECRETARY Sunaarltlng the Activities of the Load Industries Association For the Taar 19l*9 1t f garnets h ip Throe now regular members were welcomed into the association In 191*9* All three are sizable producers of seconder/ lead and lead allo/s and all are located in Philadelphia, Pa, The/ are Bers & Co,, Metro Smelting Co,, and Pennsylvania SaoltaAIM* Co, IXirlr.g the same tine Tir.tle Standard Uinlnj Co,, of Salt Lake City, Utah, for maiy /ears an Association *ci>r, and ..estern Smelting & Refining Cot, of Phoenix, Arlz., resigned from membership. In both casos cessation of operations was the reason and also in both cases a desire was expressed to consider membership again when and if operations are resumed* As of December 31, 19U9 the Association had 61* regular and 7 associate members. STATISTICS Ko major change was made In the Association's statistical services during 191*9* These statistics seem to be widely used and well received by tho membership and have been invaluable to the Association in dealings with Government and other agencies* In the interests of econocy the monthly reports of mine labor begun in war time were discontinued during the year, as it was felt that, with labor supplies adequate, tho reports had lost much of their usefulness. Those reports can bo revived at ary time that it seems desirable. Also, in the interests of econoey, it was decided to eliminate from the Annual Statistical Reviow, tho Weekly Pig Lead Sales Reports and to include only the monthly summaries of these roports, since the weekly figures appear to be of little value at the yoar-end and since inclusion of these data were one of the most expensive parts of the Review, One area in which timely statistics are lacking Is secondary lead* The 0,3. Bureau of Hines publishes monthly figures, but the time lag between the period covered and publication is often so great as to reduce the value of the data except as a his torical record. It la still to be hop>ed that the Association may be ablo to gather timely but simple data on secondary lead production or receipts which would be of current value. S N 2402 Annual Keating 2 MS STIN33 April U-U, 1950 In April, 1919, for the first tins in its history the Association hald its annual sweting away from New fork City and, in addition to the business meeting, had a program of wall qualified speakers on lead production and consumption problems. The purpose was to attract to the meeting as many member* as possible from all parts of the country and to give thorn an opportunity to become acquainted with the problems of others in their own Industry, The meeting was an unqualified suceoss to tho extent that the Board decided to hold a similar meeting in 1950, GOVERNMENT RELATI0K3 Governmental policies continue to hare a most Important bearing on the conduct of business. Therefore, much time has been given by the Association to its relations with a number of Government agencies. Among legislation which affected the industry was a bill to continue the duty suspension on le&J beyond June 30, 19lt9 This Bill was never reported out of cosnitteu and, therefore, the duty was restored at that time, A number of bills were introduced in both the Senate and the House of Repre sentatives to provide subsidies in one form or another for the mining industry. Tour secretary, with the authorisation of the Executive Cocaitteo, appeared before the House Public Lands Committee in February, 19!i9> in opposition to two of thoso bills Introduced by Congressmen Engle and Leake, both providing for production subsidies. When a bill, S.2105, was introduced in tho Senate by Senator O'liahoney, which provided for exploration and conservation aids, the Executive Committee recognised that at least some of tho membership favored the legislation, although in most cases with reservations. Therefore, your secretary did not appear before tho Con.nlttoo holding hearings on this Bill,nan*as a brlof filed in connection with it by tho Association. Tho Bill subsoqusntly passed the Senate, with some amendments but did not rocoive House consideration before tho yoar-end. Some tine was also spent on matters relating to possible revision of the tax laws to encourago mineral exploration and tho investment of risk capital in mining. It has been nocossary to provide factual data and maintain personal contacts with a number of administrative Governmental agencies. Among these are the Munitions Board, Economic Cooperation Administration, Department of Coonerce, Bureau of Mines, Atomic Energy Commission, and many others. The promotional activities of the Association also required frequent Washington contact In connection with specifications,apprentice training and other matters. Our iygiene work also bore Us share of Washington activities with the U. S. Public Health Service. ' LEAD HTGIENE A detailed report of these activities was sent to Berbers on December 1, 19U9. The Association continued financial support of the work at Johns Hopkins University on tho soarch for an antl-dote for load poisoning and of the work at the Children^ Hospital in Boston on childhood load cases. The work st Johns Hopkins is financed Jointly with the Research Corporation, . iw*' --M--u /'jWt.fWP1 'ff wrwr L IA20805 * Annual Watting 3 April 13-lli, 19S0 i | fj Ii Ma^y visits were Bade to member company plants, to educational institutions, and a large numbor of professional society meetings were attended. V. dlroctor of Health and Safety delivered aodresses at five of these westings and the secretary at one, A large number of inquiries were handled, mostly from non-embers, and maiy of these wore referrod to us by members. Among the most important activities werei 1. Efforts to obtain repeal of the Maryland Toxic Finishes Law, which proved unworkable and a hardship on members and others. 2. Efforts through evidence and tests to prove that the use of red lead paint for water storage tanks is safe, contrary to the opinion expressed by a Government agency which placed its use for that purpose in Jeopardy. 3. A study of lead poisoning cases In Baltimore which modified to some extent statements of the number of cases made by the Baltimore Health Department. L. Efforts to secure modification of Hew fork State painting regulations relating to protection of workers. 5. A study of the possibilities of auklng an educational motion picture on plumblsm, 6. Preliminary arrangements with Johns Hopkins University to conduct a study of lead poisoning cases in Baltimore as they occur. 7. Preliminary steps, notably in collaboration with the Metropolitan Life Insurance Co., for a program of parental education as the soundest approach to the problem of prevonting childhood lead cases. During 191*9, members received five Lead Qrgiene and Safety Bulletins from the Association. B'JliETIb'S A.V3 reBLICATIOKS In addition to the bulletins and publications described under specific pro motional programs the Association issued the following in 19li9t Seven Information Bulletins were circulated to members to bring news, article^ patents and other material to their attention that they might not otherwise see. Only two Issues of our magailno, LEAD, wure published in 19i9 due to the lead shortage prevailing at tho beginning of the year. This is circulated to over 30,000 usors and potential users of lead. Later in the year publication quarterly for 1950 was authorised as a result of the changed market conditions. ffi0M0TI0:iAL ACTIVITIES Again because of tho lead shortage prevailing late in 1918 when 191*9 budget# were established, most of tho Association's promotional activities ware operated on a curtailed basis. The sudden change in tho lead narkot during tho year, however, point# up the Importance of those activities to the Industry. RED LEAD PROGRAM A detailed report of this program was sent to all mombors of tho Rod Lead Division late in 191*9 It now appears that the several yoars of research and publicity which this program embodies are beginning to bear fruit. Annual Meeting - >4 - April 13--Hi, 1950 One of the major reascns for starting thi* program m the Navy'a discontinuanco of the use of rod lead paint at the boginning of the War. Last year for the first tine since then the Navy returned to uso of a red lead specification for main* tenance above the water line, as recomsondod by the Association, Certainly this Indicates major progress. The Federal Specifications Board also issued new specifi cations for four typos of red lead paint as a result of several years work with our Red Lead Technical Committee. The fourth in our series of Red Lead Technical Letters was Issued Airing the yoar and circulated to about 8,000 fonauletors, users and specifiers of red lead paint. Together with the third letter, published late in 19li8, it brought hundreds of requaata for additional copios and for assistance. The large ataospheric exposure program started in 1918 roquired an inspection at all five oxposuyo sites after ono year's exposure in the fall of 19k9 This early inspection shows a goneral superiority of red load paints. Tho Assoclstion also cooperated with the Navy on two exposure programs started during the yoar and with the Special Engineering Division of the Arny at the Panama Canal in another project. A paper on red lead primers was presented before the Baltimore Paint and Varnish Production Club and subsequently published in the OFFICIAL DIGEST of the Federation of Paint and Varnish Production Clubs. An article prepared by the staff also appeared in MARINE ENGIMES1ING and SHIPPING REVIEW. Reprints of a paper published by the American Iron and Steel Institute which was particularly favorable to red lead were distributed to over 13,000 people interested in metal protective paints. A con densation of this paper was prepared and publication secured in IRON ACE, METALLIC LEAD PROXCTS PROGRAM A detailed report of this program was mailed to members of the Metallic Lead Products Division late in 19li9. In general the program was greatly curtailed, oper ating on funds on hand with no new subscriptions being made because of conditions prevailing when the budget was established in late 1918. Nevertheless, work was continued on plumbing codes. Ee obtained adequate recognition of lead plumbing in five national standard plumbing codes and aro repre sented on the committee coordinating these codes. The Association also prepared simple amendments which would result in greater use of lead than required by the national codes for use in cities where the national codes are being adopted. Consid erable effort has also been devoted to resisting attempts to break down local codas to permit variety of cheaper, less satisfactory materials. Tho Association sponsored a series of corrosion tests on plumbing soil and waste materials in which lead was outstanding. The results were prosented in a paper at the annual meeting of the American Society of Sanitary Engineering, which the Association has had reprinted and distributed to members and widely throughout the plumbing industry. We have continued to cooporate with the Federal Bureau of Apprenticeship to foster plumbers' apprentice training classes, to see that they teach lead work and are supplied with lead materials. To follow up the new Federal Housing Act, the Association startod circulating Housing Bulletins to member., listing projects receiving Federal approval and the else of each project. i*sj"**&*&*} .mnwH'WQfimr' ^lwnnp> -- --gpa'jByagwy^'M^nwff * * l IA20807 Annlxel Meeting -5- April 13-Ux, 19SO A paper on the "Physical and Corrosion Characteristic* of Load" >u prepared and presented at tha annual meeting of tho National Association of Corrosion Engineer* and subsequently printed In that society's publication, CORROSION, Reprints ware P obtained for members *nd our own distribution. Five articles on tho performance of lead In contact with various corrosive cher.lcals were prepared and appeared In the u CORROSION FOft'JM section of CxfclUCAL ENGINEERING. Six "Chemical Bulletins" were sent to members, either reporting on original investigations of chemical Installation* or transmitting reprints of articles prepared by the Association. A nunber of articles on lead for the trade press, the chapter on lead welding for the WELDING HANDBOOK, and several special reports for members were also prepared. In addition nary Inquiries for assistance In the use of leed products were handled. A complaint was filed with the Federal Trade Commission against the use of the name "Plastic Lead" for a product containing no leed but competing with calking lead. WHITE LEAD FROCKAM This program was virtually dormant In 19lr9. Steps were taken to liquidate the Educational Service Division in accordance with a decision of its members late in 1918, Using only funds already on hand or realixed by tho sale of equipment, sorvlclng of the lx,000 paint study cabinets in Vocational Agricultural Schools was continued and 100 cabinets for use in painters* apprentice training schools were completed and distributed. Permission was given tha former director of this Division to reprint our book, PAINTING FARM BUILDINGS AND EQUIPMENT at his expense and it ia understood that an additional 15,000 to 20,000 copies have thus gone into circulation. During the year the secretary had informal discussions with members who pro~ ducu lead pigments for house paints to see if some constructive cooperative program could be devised to protect the dwindling market for lead in house paints, using funds remaining fron the white lead advertising compaign terminated during the War. Those discussions resulted in a direction from the Board of Directors late in 191x9 to work up a specific plan for consideration of those interested. MISCELLANEOUS ACTIVITIES The Association la frequently called upon for special assistance of both a technical and economic nature. Hundreds of request are received from architects, engineers and others for assistance in the use of lead. Economic and statistical studies are often roquired for members and noixaembcrs. The annual review article on lead is prepared for EaGIilESUNG AND MINING JOURNAL and periodic statements on the lead situation are supplied to tha National Paint, Varnish and Lacquer Association. Mary publications are constantly in search of data fron the Association and our file of photographs of lead uses is in constant demand. Wo have also cooperated closely with tho American Bureau of Metal Statistics, In addition, liaison must be maintained with the various technical societies such as A.I.M.E., A.S.M,, A.S.T.U,, A.M.C., N.A.C.E., and others requiring attendance at many general and connittee meetings. Tour secretary addressed the annual meetings of tho Colorado and Idaho Mining Associations to keep the mining branch of the induatjy fully informed of developments in the markets for lead and its products, CONCLUSIONS I think that the experience of the Association over tha past 20 years points up a number of things that warrant our careful consideration. Lead cowrod cable accounted for nearly 23 per cant of lead consumption 20 years ago, only 13 per cent today) white lead for 12 per cent 20 years ago, leas than 3 Pr cant today) foil for It por cent 20 years ago and less than $ of 1 per cent today) at tha same tine storage y.n.j.-Ji L -i, in -1 ... i... i,-,i * *-* .. ,, ..................m :i !* n in.i . .1 "uy 9P" LIA20808 Annual Meeting -6- April 13-lb, 1950 batteries accounted for about 22 por cent 20 year* ago and 33 per cent today| tetrasUp lead for only a fraction of a per cent 20 yeare ago and 11 per cent today) red lead and litharge for use in other than batteries 3 per cent 20 year* ago and sore than 6 per cent today* Theie are Just a fee random uaea In which elaable percentage chapps hare occured. Perhaps per capita consumption la sore interesting. Cable used about 3.6 lb. per capita in 1929, only 1.5 lb. in 1919) white lead 2.0 lb. in 1929. only 0.31b. in 191 foil 0.7 lb. in 1929* only O.Olt lb, in 19li9) at the same time batteries used 3.U lb. in 1929* and 3.8 lb. in 19li9) tetraettyl lead less than 0.1 lb. in 1929 and 1.3 lb. in 19l*9, and red lead and litharge* other than for batteries* 0.5 lb. in 1929 and 0.7 lb. in 191*9. j To realise tho full significance of these figures we must also recognise that total por capita consumption of lead in 1929 was about 15.9 lb. and in 19b9 about 11.6 lb. There are other changos in the detailed figures for individual uses. I have only selected a few. That I want to illustrate is the changing pattern of lead consumption. Therefore, recognising this changing pattern la it to be entirely a hit or mist proposition? So far as the Industry is conceraod it is purely accidental that consuap* tlon of lead for tetraethyl has helped to balance the diminished white leed consumption And even in the good year 19U8 por capita consumption only about equaled 1929) in 19U9 it was lower. I think the lead industry must give serious thought to the nod for a coordin ated program designed to accomplish two things 1 1. To protect its existing markets. .2 To find new markets to replace those that will be inevitably lost as a result of changing economic or technologic conditions. Also, as our hygiene activities hive expanded, the magnitude of our Industry's baalth problems becomes store and mere evident. This field of activity 1s likewise one which requires the serious though of the membership. In concluding this report I wish to thank every raenbor for tho whole-hearted support and deep understanding they have given in a year of difficult problems* Despite differences of opinion from tlmo to tine the Association, I am convinced, has sided in meeting many problems and in fostering better understanding between the ele ments which go to make up the lead industry. . I also wish to call to the member's attontlon tho valuablo time and advice that have been given by your officers and directors in conducting the affairs of the Association, And finally a word about the loyalty and industry of the Association staff is certainly appropriate. In passing I would like to mention that four of the staff have served with the Association for more than fifteen years, and anothor for more than ten. >HI| lift jwpw*liurna.ri l IW'IJJI " '' 111 L1A2C809 Ng^'i" April, 1950 AEXBffiS Of TIE LEAD INDUSTRIES ASSOCIATION Alpha Uetala, Inc, 363 Hudson Avenue Brooklyn 1, N.T. The American Metal Co,, Ltd, 61 Broedwqr New Tork 6, N.T, American Smelting & RefInin* Co, 120 Breadway Mev Tork 5. N.T, Bars & Comparer Inc, lahland & Levis Sts. Philadelphia 2k, Pa. (Broken Kill Assoc isled Shelters Proprietary Ltd, Collins tbuH Melbourne Cl, Australia Broken Hill South, Ltd, Bo* 19L-C, O.P.O. Melbourne, Australia Bunker Hill 4 Sullivan Mining and Concentrating Co. Ksllogg, Idaho Cartridge Smelting Co, 100 Paciflo St. Cambridge, Mass, Cerro do Pasco Copper Corp. L0 Wall Street Men Tork $, N.T. The Consolidated Mining A Smiting Company of Canada, Ltd, 215 St. James St. W. Montreal 1, Canada Day Mines, Inc. Wallace, Idaho Dickson Weatherproof Mail Co. P. 0. Bo* 590 Evanston L, HI, Division Lead Co. 636 W. Klnxie Street Chicago 22, HI. E. I. duPont de Nemours & Co., Inc. Wilaington 98, Del. The Eagle-Picher Company American Building Cincinnati 1, Ohio The Electric Auto-Lite Ccaparqr P. 0. Bo* 931 Toledo 1, Ohio The Electric Storage Battery Company Allegheny Are, k 19 St. Philadelphia 32, Pa. Ethyl Corporation LOS Lexington Ave. He* Tork 17, N.T. Euston Lead Co. (The (Hidden Co.) 500 Penn Ave. Scranton 3, Pa. Evans Lead Division (National Lead Co) P. 0. Box Uj67 Charleston 25, V. 7a. Evans Metal Co. P.0. Box 97, Mo, Side Bn Atlanta, Ga. Federal Mining & Smelting Co. 120 Broadway Now Tork 5, M.T. Federated Metals Division of Aaerlcan Smelting & Refining Co. 120 Broadway Mew Tork 5, N.T. eThe Firestone Tire & Rubber Co. Bo* F, Firestone Park Akron 17, Ohio The Fiesta Lead Co,, Inc. Bradley Ave, k School St-Long Island City 1, N.T. *. P. Fuller & Co. 301 Mission St. San Francisco 19, Cal. Gardiner Vetal Co, L820 S. Campbell Ave, Chicago 32, HI. General Lead Manufacturing Co. 2132 Market St. Denver 2, Colo. Glaser Lead Co., Inc. 31 Wyckoff Ave. Brooklyn 27, N.T. Goldsmith Bros. Smelting k Refining CoS6 E. Washington St. Chicago 2, Zll. Kaanond Lead Products Inc. First Trust Building Hammond, Ind. Heel a Mining Co, Wallace, Idaho Hudson Snelting & Refining Co. 85-95 Ityatt Ave, Newark 5, H.J. Imperial Type Metal Co. 3L00 Aramlngo Ave. Philadelphia 3L, Pa* International 3raelting & Refining Co. (Anaconda Sales Co. Agents) 25 Broadway New Tork L, N.T. The Johnston Foil Manufact uring Company 6016-6120 S. Broadway St. Lnuis XI, Mo. Knapp Mills, Inc. 23-15 Borden Ave, Long Island City 1, M.T. Lead Products Co. 709 N. Velasco Houston 3, Texas John R. MacGregor Lead Co. L520 W. 15th Street Chicago 23, HI. Motals Refining Co. (The Glldden Co.) Haanond, Ind. Metro Smelting Co. Ontario & Bath Sta. Philadelphia 3L, Pa* Mike Horse Mining & Milling Co. 620 Power Bldg. Helena, Mont. National Lead Co. Ill Broadway New Tork 6, N.T, Hew Park Mining Co. Keetley, Utah North American Snelting Co,, Inc, Marine Terminal Wilmington 63, Del. North Broken Hill, Ltd. Bo* 1903-R, 0.P, 0. Melbourne, Australia Associate Member. N 2402.02 --` "L"taj fir'***1 - 2member s cr t h e l e as imd u s t r ik s a s s o c ia t io h April, 1950 . Northeast Lead Coopaiy The Qkonlte Co. Park Utah Consol Idatad Mine 3 Co. Pennsylvania Snolting A Refining Co. Phelps Dodge Corp. River Spelling & Refining Co. Rochester Lead fcorka, Inc. St. Joseph Lead Co. Shattuck >nn Mining Corp. Silvor King Coalition Mines C. Sllverstein & Pinsof, Inc. Standard Rolling Mills, Inc. Sunshine Mining Co. United Asrrlcan Metals Corp. United States Soeltlng Refining and Mining Co., Inc. The Victory White Metal Co. ffaan Vlener & Sons Vulcan Lead Products Co. The ker.sley Metal Products Co. Western Electric Co. Inc. 0 White Metal Rolling A Stanping Corp. Winchester Repeating Arias Co. The Zinc Corp. Ltd. 2700 16th Ave., S. W. Continental Bank Bldg. 3100 E. Ontario St. Ii0 Wall Street 1*195 Bradley Road 360 Exchange Street 250 Park Avenue 120 Broadway 1010 Kearns Bldg. 1705-1720 Elston At *. 11*3 Jeeell St. 115 H. Second St. 196 Diaaonl St. 57 Willies Street 1205 Main Street 5300 Hatcher St. 15L5 k. Pierce St* 1U*5 Osage St. 195 Broadway 60 Moultrie St. Box 3Su-D, O.P.O. Seattle b, Bash. Passaic, W.J. Salt Lake City 1, Utah Philadelphia 3b, Pa. Kew Tork 5, W.T. Cleveland 1, Ohio Rochester 8, W.T. Sew Tork 17, W.T. Kew Tork 5, W.T. Salt Lake City 1, Utah Chicago 22, Illi Brooklyn 22, H.T Taklsa, Wash. Brooklyn 22, E.T. Wew Tork 5, W.T* Cleveland 13, Ohio Richmond 5, Va. Milwaukee L, Wis* Denver 2, Colo. Hew Tork 7, W.T. Brooklyn 22, W.T. Wew fbven 1*, Conn. Melbourne, Australia Associate Mecaber, JOinutl Ktlo-<.-v. Vlr.utes HASKINS & 8 ELLS ecKTir.ro Puauc ac c o u n t an t * c '-> M wiwupinMW1 *" WW m LI A20811 iyg"IW<-- Lxhltlt April 3, 1943 I CAST 44 t . STNCCT NEW TONE 17 ACCOUNTANTS' CERTIFICATE Lead Industries Association: We have examined the balance sheet of Lead Industries Association as of December 31, 19*49 and the related statement of Income, expenses, end reserves for the year then ended. Our examination vas made In accordance with generally accepted auditing standards, and accordingly Included such teats of the accounting records and such other auditing procedures as we considered necessary In the circumstances. In our opinion, the accompanying balance sheet end state ment of Income, expenses, and reserves present fairly the financial position of the Association at December 31, 19^9 end the results of its operations for the year then ended. In con formity vlth generally accepted accounting principles applied on a basis consistent with that of the preceding year. New York, March 20, 1950. N 2402.03 > ^^3 fywpg n.Wf (^ix'i BVS>|PQ!NMMOT ' PH****' -AjiiiiimiPin;i*pii LIA 20812 *L- ! i ) | \ i \ i 4 I 1 4 i i ) LEAD INDUSTRIES ASSOCIATIOH BALANCE SHEET, DECEMBER 31, 1949 ASSETS CASH.................................................................................................................................. $ 87,487.47 OBLIGATIONS OP THE UNITED STATES - At coat: Certificates of Indebtedness, 1-1A* due June 1, 1950............................................................................ Savings notes, series C, due June 1, 1950........... $34,000.00 50,000.00 84,000.00 ACCOUNTS RECEIVABLE - Membership assessments: Ordinary Fund...................................... ....................................... Red Lead Division Fund.......................................................... $ 509.00 53.50 562.50 ADVANCES FCR TRAVEL EXPENSES............................................................................ 2,600.00 AIR TRAVEL DEPOSIT.................................................................................................. 425.00 TOTAL.................................................. $175,074.97 RE SERVE3 APPROPRIATIONS - For proposed books: Red Lead Division Fund............................. Safety and Hygiene Fund........................... RESERVES: General Program Fund.................................. Ordinary Fund................................................. Safety and Hygiene Fund......... ................. Educational Service Division Fund... White Lead Research Division Fund... Red Lead Division Fund............................. Metallic Lead Products Division Fund Sheet Lead Division Fund......................... Nev Book Fund................................................. TOTAL $ 4,871.60 3.500.00 $ 8,371.60 $86,134.39 51,578.29 3,263.46 3,031.98 10,024.00 5,663.83 S.42 3.002.00 4,000.00 166,703.37 $175,074.97 NOTE: The cost of furniture, fixtures, automobiles, and equipment has been written off to expense. i^ijn*wwTf mtmjt*' Li A20813 OTAL kuyj r ak FUM> o ec 'Ia a e i l. Hi COM): K-Merchip assessments for 1949........... i.............................. 5159,693.00 36>607.50 Transfer betveen funds............................... ............................ .. 23,000,00 $23,000.00 Interest cn obligations of the United States................ 352.50 $- 382.50 Sr.' r< of bocks.................. ................. .. 1,502.26 Sales of certain assets................ ............................................. 1.725.S3 "H1 " 352.50 $6 3,607.'50 f23.C.O.C0 EXPr.MSS: - Salaries................................................... ........................................... t 65,004.62 $33,439.95 $12,541.66 Rent and light.................................................................. ............... 6,972.30 6,508.05 Telephone and telegraph.............................................. ............... 2,574.39 1,727.23 312.95 Stationery and office supplies.................. . 2,417.34 2,252.22 155.12 Travel.................................................................................................... x3t01563 4,648.57 1,732.91 Entertainment, luncheons, etc.................. ................... 1,617.52 863.54 245.93 Research and research materials........... ................................ 3,062.05 2,984.25 Printing (including appropriation for proposed book. $3,500).............................................................................................. 9,117.32 1,938.60 3,621.90 Illustrations..................................................................................... 1,310.71 200.19 159.25 Mailing...................................................................... ................. 4,245.56 2,267.67 100.11 Cost of publication - "Lead*............................................... 1,696.00 1,696.00 Association dues.............................................................................. 709.04 285.54 129.50 Social security taxes......................... ......................................... 893.73 599.66 112.18 Books and subscriptions......................... .................................... 621.67 344.67 206.79 Furniture, fixtures, and office equipment...................... 1,495.38 1,495. jt*. Conventions and exhibits................ ........................................... 122.50 Meetings............................................................................................. .. 1,512.31 870.88 14.00 Consultation and service fees.......................................... 3,520.00 Miscellaneous....................................................................... ............. 1,788.41 $ 25.00 690.78 373.63 Metal Povdor Association - for services, etc............ .. 6,200.00 6,200.00 Expenses - net................. .. * -i 1 ^ 7 f-'l r' 25.00 T'so.ierc'.-^r $ 72,690.19 T^ir. EXCESS OF IKC0i-E (EXIZhVh.S) FOR THE YEAR............................. --- 357.50 TwnaTi^ 1 3C9.01" RESERVES, JA'HIAKY 1, 19^9.............................................................. J^L r - -m* 05,776.39 46,755.73 2,553.63 RLfCRD TO CONTRIBUTOR....................................................................... 1,560.19 RE'^RVES, EECEMEES 31, 1949................................................. .. $166,703.37 $85,134.39 $51,578.29 ? 3,263.45 r. 3 ~'..D $23,090.SO $1,502.26 1,275.53 ll,777.94 $ 464.25 16.34 10.00 6.30 139.2S 3 450.00 *23,090.50 i*> 5 3,00 $ 3,523.00 $ 5,500.00 309.82 208.05 : 2,412.48 4,015.42 465.43 242.62 77.80 3,556.82 398.13 1,625.13 553.13 113.40 * - .,, ' '' - .... 49.00 119.16 70.21 245.00 62.73 3,000.00 176.20 > 321.49 520.00 209.50 122.50 306.44 266.28 $ 47.02 :`3,812.34 1,034.50 4,066.48 *3,031.99 $16,157.97 ' $11,636.57 1 47.02 J 4,432.53 :u, 18337 "S m\02~ $10,024.00 1,231.30 11,190.99 $3,002.00 1,607.21 $4,000.00 1,560.19 CIO,024.00 3 5,663.83 3 5.42 $3,002.00 e - $4,000.00 l* t i. * f