Document g2aNV6Ypmgydy6roB5MOB5D9J

Philadelphia, Pa. September 2*, 19*5 At a regular Mating of tha Directors of John T. Lowls a Bros. Company, hold this day at their offiee in tha Widener Building, thara wara present: J. W. Gardiner, President A. M. Wilson, Tice President M. B. Merritt, Secretary L. T. Beale, Director the Meting van called to order by Mr. J. V. Gardiner, who preaided, and It .Gel. M. B. Merritt reported the minutes of the Meting. ?he ninntea of tha Meting of Saptaabar 10 were read and approved. Mr* Wilson** latter of raaignation as Acting Secretary vac accepted and a vote of thanke vac extended to bin for the cplendid Banner in which he carried on hie daticc ae Acting Secretary while the regalar cecretary waa away in the service. The eaployMot application fern need by the company for offiee eaployeee waa diacnaaed and it waa decided to oait the rubber stamp at the bottom of the form which stated that the position for which application is being Mde is a temporary one. The regular report of deliveries for the week ending September 21 was submitted by Mr. Wilson. On motion duly Mde and ascended, it was unanimously decided to naka application for a CCS in the amount of $10,9*1.00 to cover two extra precipitating tanka in our T.S.P. White lead Department. The present equipment la not large enough to produee the amount of white-lead which, according to present estimates, we will be called upon to produce. Mr. Gardiner submitted the following comparative figures for the month of August and the first eight months of 19*4 and 19*5, including estimated taxes but without including Mew fork overhead. August First eight months 19** - profit $22,887.*6 19** - profit $98,316,01 19*5 - lose 3,513.20 19*5 - profit 51,126.51 In those figures the White Lead Department shows a reduction of approx imately $10,000.00 in gross earnings by reason of the way that the normal stock system works. There being no further business, upon motion the meeting adjourned.