Document g3EN3Mw35JKGm7wJQz698xz3
P R0 XY
KNm~ ALL WE:N ev THESE PRESENTS, THAT THE uNDERSIGNED DoEs
HERESY CONSTITUTE AND AP~OINT
TO
BE !1S LAW~U~ ATTORNEY, SUBSTITUTE AND PROXV FOR AND IN ITS NAME TO ATT~Nc AND voTE AT THE ANNUAL MEETING OF THE AcTIVE MEMBERs OF THE FRir.T~ON MATERIALS STANDARDS INSTITUTE, INc., TO BE HELD AT
THE Cow-;ooo~e: HoTE~, Ne:w YoRK, NEw VoRl< AT I 0:00 o 'cLOct< r N THE MORNIN~ 0~ THE 12TH DAV OF JUNE 1957, AND AT ANV ADJOURNED MEETING
THEREOF", AS F"ULLV AND WITH THE SAME EF"FECT AS ITS OEStGNATED REPRE-
SENTATIVE MIGHT OR COULD WERE HE PERSONALLY PRESENT AT SUCH MEETING 1 iNCLUDING THE POWER TO VOTE AND THE UNDERSIGNED DOES HEREBV REVOKE
ANV PROXY OR PROXIES HERETOFORE GIVEN BV IT TO ANV PERSON OR
PERSONS WHATSOEVER
IN WITNESS WHEREOF, THE UNDERSIGNED HAS HEREUNTO SET ITS
HAND AND SEAL THIS 6th OAV OF JUDe
1967.
Asbestos Manutacturing Company
IN THE PRESENCE OF'
FMSI 00486
P R0 XV
KNOV~ ALL ~N BV THESE PRESENTS, THAT THE UNDERSIGNED DOES
HEREBY CONSTITUTE AND AP~OINT
S.E.Shepard
TO
BE 11S LAW~UL ATTORNEY, SUBSTITUTE AND PROXY ~OR AND IN ITS NAME TO ATT~NC AND VOTE AT THE ANNUAL MEETING OF THE ACTIVE MEMBERS OF THE rRI~TION MATERIALS STANDARDS INSTITUTE, INc., TO BE HELD AT
THE Co'l~t.ODORE HoTEL, Ne:w YoRK, NEw YoRK AT 10:00 o'cLOCt< IN THE MORNIN~ 0~ THE 12TH OAY OF JUNE 1957, ANO AT ANY ADJOURNED MEETING
THER0~ 1 AS ~ULLY AND WITH THE SAME EFFECT AS &TB DESIGNATED REPRESENTATIVE MIGHT OR COULO 'WERE H~ PERSONALLY PRESENT AT SUCH MEETING 1 INCLUDING THE POWER TO VOTE AND THE UNDERSIGNED 00~8 HE~ESV REVOKE
ANV PROXV OR PROXIES HERETOFORE GIVEN BV IT TO ANV PERSON OR
PERSONS WHATSOEVER.
IN WITNESS WHEREOF, THE UNOERBtGNEO HAS HEREUNTO SET tTB
HAND AND SEAL THIS 6th OAV OF June
1967.
IN THE PRESENCE: OF
Emsco Asbestos Compan,y
--/~'~7
BV =-:JV-~;;j.&-o.0FI'F'ICER
T. L. Brehll
FMSI 00488
PR0 XY
KNOv~ ALL WEN BY THESE PRESE,NT)5; jff"T
I I IHEREBY CONSTITUTE AND APPO.NT . . / .___ _
BE ITS LAW~UL ATTORNEY, SUBSTITUTE AND PROXY ~OR AND IN ITS NAME
TO ATTEND AND VOTE AT THE ANNUAL MEETING OF THE ACTIVE MEMBERS OF
THE FRICTION MATERIALS STANDARDS INSTITUTE, INc., TO BE HELD AT
THE Co,~oDORE HoTEL, NEw YoRK, NEw YoRK AT 10:00 o'cLOCK IN THE MORNINJ OF THE 12TH DAY OF JUNE 19571 ~NO AT ANY ADJOURNED MEETING
THE~EO~, AS ~ULLY AND ~ITH THE SAME EFFECT AS ITS DESIGNATED REPRE-
SENTATIVE MIGHT OR COULD WERE HE PERSONALLY PRESENT AT SUCH MEETING,
INCLUDING THE POWER TO VOTE ANO THE UNDERSIGNED ODES HEREBY REVOKE
ANY PROXY OR PROXIES HERETOFORE GIVEN BV IT TO ANY PERSON OR
PERSONS WHATSOEVER.
IN WITNESS ~~EREO~, THE UN~ERSIG/p HAS HEREUNTO SET ITS
tyHAND AND SEAL THOSC(,~AV 0~
1967.
8V______~~~~~~~-~~/--~-'_a___~_>_~~~--0FFICER
((-IN TI-lE PREBENC OF .
r:.~~' 0; ;('::( /((./
FMSI 00489
P R0 XV
KNOW ALL MEN BV THESE PRESENT, THAT THE UNO!:M t QNED OOE8
HE~EBY CONSTITUTE AND APPOfNT Mr. Howard SnCllw:
T-0
BE ITS LAW~UL ATTORNEY, SUBSTITUTE AND PROXY FOR ANO IN ITS NAME
TO ATTEND AND VOTE ON THE QUESTION 0~ THE FEE FORMULA FOR THE AcTIVE
MEMBERS OF THE INSTITUTE AT THE ANNUAL MEETING OF THE ACTIVE MEMBERS
OF THE FRICTION MATERIALS STANDARDS INSTITUTE, INc., TO BE HELD AT THE CoMMODORE HOTL 1 NEW YORK 1 NEW YORK AT IQ;OQ 0 1CLOCK IN THE
MORNING OF THE 12TH DAY 0~ JUNE 1957, AND AT ANY ADJOURNED MEETINQ
.THEREOF, AS FULLY ANO WITH THE SAME EF~ECT AS ITS DESIGNATED REPRE-
SENTATIVE MIGHT OR COULD WERE HE ~EReONALLY ~RESENT AT SUCH MEETING,
AND THE UNDERSIGNED DOES HEREBY REVO~ ANY PROXY OR PROXIES HERETOFORE
GIVEN BY IT TO ANY PERSON OR ~ER80N8 WHATSOEVER.
IN \OTNESS WHEREOF', THE UNOERIIGNED HAS HEREUNTO SET ITS
HAND AND SEAL THIS 6th DAY Of' June 1957.
LASCO BRAKE PRODUCTS CORP, LTD.
I N THE PRESENCE OF'
''
-4-At,l? f;21.dfut.o.J
FMSI 00490
P R0 X V
t'fKNOW ALL MEN BY THESE PREfENT, THAT T (NOERe t QNr.D/oEe 1
HEREBY CONSTITUTE AND APPOINT~~ TO
BE ITS LAW~UL ATTORNEY, SUBSTITUTE AND PROXY ~OR AND IN ITS NAME TO ATTEND AND VOTE ON THE QUESTION 0~ THE ~EE ~ORMULA ~OR THE AcTIVE
MEMBERS 0~ THE INSTITUTE AT THE ANNUAL MEETING 0~ THE ACTIVE MEMBERS
0~ THE FRICTION MATERIALS STANDARDS INSTITUTE, INOo, TO BE HELD AT
THE CoMMODORE HOTEL, NEw YoRK, Nr.w YoRK AT 10;00 o'cLocK tN THE
MORNING OF THE 12TH DAV 0~ JUNE 1957, AND AT ANY ADJOURNED MEETtNQ
THEREO~, AS ~ULLV AND WtTH THE SAME E~FECT AS ITS DESIGNATED REPRE-
SENTATIVE MIGHT OR COULD WERE HE ~~~NALLY ~RESENT AT SUCH MEETtNG,
AND THE UNDERSIGNED DOES HEREBY REVOME ANY PROXY OR PROXtEB HERETO~ORE
GIVEN BY IT TO ANY PERSON 0~ ~ERSONS WHATSOEVER
IN \H TNESS WHEREOF'. THE UNDERS tONED HAS HEREUNTO SET 'Tit
4f\.:4957,,..,~VHANO ANO SEAC THIS
or
IN THE PRESENCE OF'
FMSI 00491
P R0 XY
KNO~v ALL MEN BY THE3E PRESENTS, THAT THe: uNoe:RSI GNe:o ooe:s
HEREBY CONSTITUTE AND APPOINT Miss Harriet Duschek
TO
BE ITS LAW~UL ATTORNEY, SUBSTITUTE ANO PROXY ~OR AND IN ITS NAME TO ATT~Nc AND VOTE AT THe: ANNUAL MEETING o~ THE AcTIVE MEMBERs o~
THE FRICTlON MATERIALS STANDARDS iNSTITUTe:, INc., TO BE HELD AT
THe: Co111~oooRe: HoTe:L, Ne:w VoRl<, Ne:w YoRK AT I 0:00 o 'cLOCI< 1N THE
MORNINJ 0~ THE 12TH OAV 0~ JUNE 1957, AND AT ANV ADJOURNED MEETING
THEREO~, AS ~ULLV AND "'liTH THE SAME e:~~ECT AS ITS DESI GNATEO REPRE-
SENTATIVE MIGHT OR COULD WERE HE PERSONALLY PRESENT AT SUCH MEETING,
I NCLUO I NG THE POWER TO VOTE ANO THE UNOERBI GN0 OOEB HEREBY RE:VOI<E
ANV PROXV OR PROXIES HERETO~ORE GIVEN BV IT TO ANV PERSON OR
PERSONS WHATSOEVER.
IN WITNESS 'NHEREOF, THE UNDERSIGNED HAS HEREUNTO SET ITS
HAND AND SEAL THIS lOth OAV OF June
1957.
Reddaway Manufacturing Co., Inc.
~~~~av w. Bartbti
OFFICER
Vice President and-Manager
FMSI 00492
P R0 XY
KNO~~ ALL ~lEN BY THE3E PRESENTS, THAT THE UNDERSIGNED DOES
.z;us, / /tff .HEREBY CONSTITUTE AND APPOINT
c.. .H~K.
TO
BE ITS LAW.UL ATTORNEY, SUBSTITUTE AND PROXY oR AND IN ITS NAME TO ATTENC AND VOTE AT THE ANNUAL MEETING o THE ACTIVE MEMBERS 0~
THE F'RICT!ON MATERIALS STANDARDS INSTITUTE, INc . , TO BE HELD AT THE Co'1~~oooRe: HoTEL, Ne:w YoRK, Ne:w YoRK AT 10:00 o'cLOCK IN THe:
MORNIN~ o THE 12TH DAY o JUNE 1957, AND AT ANY ADJOURNED MEETING
THERE0 1 AS uLLY AND "liTH THE SAM EF.ECT AS ITS DESIGNATED REPRESENTATIVE MIGHT OR COULD WERE HE PERSONALLY PRESENT AT SUCH MEETING 1 INCLUDING THE POWER TO VOTE AND THE UNDERSIGNED D08 HEREBY REVOKE
ANY PROXY OR PROXIES HERETO.ORE GIVEN BY IT TO ANY PERSON OR PERSONS WHATSOEVER.
HAND
HEREUNTO SET ITS
IN TYE PRESENCE OF-
FMSI 00493
P R 0 XV
KNOW ALL MEN BV THESE PRESENT, THAT THE UNOER&tGNEO D08
HEREBY CONST ITUT AND APPOINT ,1/P,../RJrt!-p .::SJ./od
TO
BE ITS LAWFUL ATTORNEY, SUBSTITUTE ANO PROXY FOR AND IN ITS NAME
TO ATTEND AND VOTE ON THE QUESTION OF THE FEE FORMULA FOR THE ACTIVE
MEMBERS OF THE INSTITUTE AT THE ANNUAL MEETING OF THE ACTIVE MEMBERS
OF THE FRICTION MATERIALS STANDARDS INSTITUTE, INOt TO BE HELD AT
THE CoMMODORE HoTEL, NEW YORK 1 New YORK AT 10;00 0 1CLOCK IN THE MORNING OF THE 12TH DAY or JUNE 1957, AND AT ANY ADJOURNED MEETINQ
...
THER0F 1 AS FULLY AND WITH THE SAME EFFECT AS ITS DESIGNATED REPRESENTATIVE MIGHT OR COULD WERE HE PER80NALLY PRESENT AT SUCH MEETINQ 1 AND THE UNDERSIGNED DOES HEREBY REVO~ ANY PROXY OR PROXIES HERETOFORE
GIVEN BY IT TO ANY PERSON OR PERSONS WHATSOEVER
IN \~tTNESS WHEREOF', THE UNOERatCNEO HAS HEREUNTO SET ITS
V ~DAY Of'~HAND AND SEAL THIS
1957.
FMSI 00494
P R0 XY
KNO~v ALL ~IN BY THESE PRESENTS, THAT THE UNDERSIGNED Doe:s
HEREBY CONSTITUTE ANO APPOINT H, G, Duschek
TO
BE ITS LAW~UL ATTORNEY, SUBSTITUTE AND PROXY ~OR ANO IN ITS NAME TO ATTENC AND VOTE AT THE ANNUAL MEETING 0~ THE AcTIVE MEMBERS 0~ THE ~RICT!ON MATERIALS STANDARDS INSTITUTE, INc., TO BE HELD AT
THE Co'-11-~0DORE HoTEL., Ne:w YoRK, NEw YoRK AT 10:00 o'cLOCK IN THE
MORNINu 0~ THE 12TH OAV 0~ JUNE 1957, AND AT ANV ADJOURNED MEETING
THEREO~, AS ~ULL.Y AND "II TH THE SAME E~~ECT AS ITS DESIGNATED REPRE-
SENTATIVE MIGHT OR COULD WERE HE PERSONALLY PRESENT AT SUCH MEETING 1 INCLUDING THE POWER TO VOTE AND THE UNDERSIGNED DOES HEREBY REVOKE
ANV PROXY OR PROXIES HERETO~ORE GIVEN BY IT TO ANV PERSON OR
PERSONS WHAT&OEVERo
r.N WITNEss WHEREOF, THE uNDERsiGNED HAs HEREUNTo sET eTs
HAND AND SEAL. THIS 3rd OAV 0~ June, 1957.
IN TYE PRESENC OF
FMSI 00495
SI..MMRY
01'"
REMARKS
OF
0. GLENN SAXON
ON JUNE 12, 1957
AT THE
ANNUAL MEETING 0~ THE ~RICTION MATERIALS STANDARDS
INSTITUTE,
INC.
THE SECOND HA~I'" 011' 1957 WILL 1 IN QENE~AL 1 BE BETTER THAN THE~ HALl'", DESPITE
THE USUA~ SEASONAL LET-DOWN DURING THE SUMMER MONTHS. No MAJOR STRIKES (SUCH AS
THE TI'IO MONTH STEEL. 8TRII<E 1 LAST YEAR) ARE LIKELYo
N~1'tONAt, INCOME - CONTINUES TO RISE AND IN 1957 WILL REACH ANOTHER ALL-TIME RECORO L~VE~ AT ABOUT $430 BILLION - AN INCREASE 01'" BETWEEN 4 TO 6 PERCENT OVER LAST YEAR. HOWEVF:R 1 AS IN 1956, ABOUT HALl'" 011' THE OVE"-ALL INCREASE WILL RESULT I'"ROM PRICE I NC:REASES t "liTH THE CONSUMER I NOEX Rl 81 NG BETWEEN 3 AND 4 PERCENT
jNOUSTRIAL PROOUCTION - DURING THE FIR!T HALl'" YEAR WAS CONSISTENTLY HIGHER THAN !N
;~I:: SAME PER I 00 IN 1956 o AFTER REACHING AN ALL-TIME PEAK IN DECEMBER t IT LEVELEC
0~~. IT WILL, BECAUSE 01'" THE STEEL ITRII<E LAST SUMMER, BE HIGHER DURING THE THIRD Q'-J,\RTER THAN IN 1956, AND SHOULD RISE TO THE HIGHEST LEVEL OF' THE YEAR IN THC F'OURTH QUARTERo
AUTOMOBILE PRODUQTION- WAS LOWER THAN EXPECTED IN THE !!Bit QUARTER, BUT HAS
PICKED UP IN THE SEcoND QUARTER AND WtLL HAVE LES8-THAN-8EASONAL OEC~INEo IT SHOULD RISE SHARPLY IN THE fOURTH QUARTER,
STEEL PetCES- WILL ~tiE IN JuL.Y ABOUT $8 TO $10 PER TONo fN I'"ACT 1 THE ANNOUNCED
INCREASE AVERAGED ONLY $6 PER ?ONo THIS MAY MEAN A I'"URTHCR INCREASE IN THE F'OUBTH
QUARTERt WHEN THE INDUSTRY WILL BE AGAIN OPERATtNG CLOSE TO ITS (NEW, EXPANDED CAPACITY).
INDUSTRIAL ExPANSION- OONTINUEO tN THE FIRST HALl'" YEAR AT A RECO~O LEVEL AT THE
(ANNUAL) RATE OF $37 BILLION, COMPARED WITH $35 BILLION LAST YEA~, WITH INDU!TRIAL
CoNeTRUCTION AT A NEW "EAIC
HoME CgNITRUCTION 1 HOWEYE~, II DOWN I'"ROM tO TO f3 ,.ERCENT IN MOST AREA8, DUE PRI-
MARILY TO HI GHEft RATES 11'0~ MORTaAGE LOAN8e
CeRTAIN INOUSTRI8- ARE ~EVELING 0~~~ WHILE OTHE~t ARE REAOHINt ~OR HIGHER LEVELS 01'" PRODUCTION- A 89ftT 0" ltftOLI..tNG ADJU8TMENT 1 THAT It NECEBIARY, AS OYER-PRODUcTION IN CERTAIN LINE! REQUI~8 A SLOW.DOWN TO REDUCE ITOCI<8- WITH OR WITHOUT PRICE REDUcTIONio THIS 18 A HEeLTHY CONDITIONe
CoNIUMER SeENQfNf - 18 ABOVE LAST YEAR, WITH PER!ONAL INCOME RISING DUE TO WAGE INCREASES, DEIPITE A~ DECLINE IN OVER-TIME PAY IN INDUSTRY, ESPECIALLY THOSE ENGAGED IN OEII'ENSE CONTRACTS ON WHICH OYER-TIME HAS BEEN SUSPENDED BY THE DEfENSE DEPARTMENT o
SAVINGI- SV THE PUBLIC ARE INCREASING UND~ THE IMPETUI OF HIGHER INTEREST RATES.
FMSI 00496
o.REMARKS 0~
GLENN SAXON
PAGE Two
INTEREST RATES- CONTINUE HIGH AND ARE NOW AT LEVELS THAT PREVAILED IN l928-29, EXCEPT IN THE PERIOD 0~ THE STOCK MARKET CRISIS 0~ 1929. THEY WlLL CONTINUE HIGH ~oR SOME YEARS. IN ~ACT, THEV MAV RISE M2~RATEbV THIS VEAR 1 BUT ~RE NOT LIKELY
TO GO MUCH HIGHERe h SHOULD BE NO'!'EC TH.l.T INTEREST RATES IN THE UNtiED STATES
ARE STILL ONLY SLIGHTLY MORE THAN HALF" THvSE PREVAILING IN EUROPE AND GREAT BRITAIN TODAY t WHERE THE CENTRAL BANK RATES NOW RAIJGE ~ROM 5 TO 6 PERCENT IN COMPARISON
WITH THE U. S. DISCOUNT RATE 0~ 3 PERCENT.
IN~LATION- IS OUR MAJOR THREATo SINCE 1947 THE CONSUMER PRICE INDEX HAS RISEN AT AN AVERAGE ANNUAL RATE 0~ 3-1/4 PERCENTe I~ COMPOUNDED, THIS WOULD MEAN A
DOUBLING OF" THE COST OF" LIVING ABOUT EVERY 18 YEARS- IN OTHER WORDS, A 50 PERCENT QEr.t.INE IN THE PURCHASING POWER OF" THE CONSUME~ DOLLAR. BETWEEN 1940 AND 1952 THE
SrE~OV YEAR BV YEAR IN~LATION 0~ THE .U. 8. ~CONOMV WAS OUE TO UNBALANC&D FEDERAL
BUDGEnS AND MONETIZATION 0~ THE F'e:DERAL DEBT BY SALES OF" U. S. BONDS TO CoMMERC I At.
81\rJKS, WHICH CREATE BANK-CREDIT MONEY BY MERE BOOKKEEPING ENTRIES - WITHOUT CORRES PQNDING INCREASES IN GOODS AND SERVICES. THIS PROCESS DI~UTES ALL OUR CURRENCY .t.:~:' RAISES PRICESo THIS MONETARY INF"LATION SWEPT OVEI'l 1'HE ENTIRE WORLD DURING AND
f-l.."$3. WORLD WAR II. SINCE 1950 1 HOWEVER, IN MOST Or THE 'YESTERN WORLD, THIS PRO-
.:;::::~s 1-!AS BEEN STOPPED (NOT UNTIL 1952 IN THE UNI'>EO HT,\oE.:.l)o IT DESTROYED THE 0 'J~C"lf',R l Nt:' POWER OF" MOST EUROPEAN COUNTR I EB - WITH DESTRUCT I ON 0~ ALL SAVINGS IN
; __ 7i~~~ INVESTMENTS.
~~~ FDERAL BUDGET- THOUGH BALANCED SINCE 1953, IS STILL MUCH TOO HIGH -AS ARE Ov:"l iNCOME TAX RATES AND OUR PUSLI C AND PRtVATE DEBTS, IT MUST BE HELD DOWN, AS
Wt:::.L .l.S BALANCED 1 IN ORDER TO REDUCE TAX RATES AND DEBTS SO THAT WE WILL HAVE RES~RVEB TO CALL UPON IN CASE~ ~UTURE EMERGENCIES,
~~~MENT 8PENDtNG- AT PRESENT LEVELS IS THE MAJOR INFLATIONARY ~ORCE BOTH HERE AN:> ABROAD AND MUST BE CUT BACK, IF' PRICES AND LIVING COSTS ARE TO BE STABILIZED ANl MONr."ARY IN~LATION ENDEOo 111E MUST POSTPONE MANY USEfUL PUBLIC PROJECTS UNTIL THERE IS NO LONGER A SHORTAGE 0~ MONEY, MATERIALS, AND EVEN LABOR ~OR INDUSTRIAL ANO OTHER PRIVATE SECTORS 0~ OUR ECONOMY.
THE WAGE-PRICE INFLATIONARY BPtRAL- IS AT PRESENT EVEN MORE OF' A THREAT TO OUR SOCIETY THAN MONETARY IN~LATION, We: ARE NOW IN OUR 12TH YEAR OF' ANNUAL WAGE INCREASES AT RATES F'ASTER THAN INCREASES IN EITHER THE COST 0~ LIVING OR PRODUCTIVITY. THIS PRESENTS A NEW PROBLEM TO THE NATION AND TO THE WORLOt IT WILL BE BROUGHT UNDER CONTROL ONLY WHEN CoNGRESS, UNDER I'"UBLt C PRESSURE, REGULATES OUR LABOR MONO-
POLY (AS IT OlD OUR INDUSTRIAL MONOPOLIES IN 1890).
THE U,S, DEPTe OF' lABOR HAS JUST RECENTLVRELEASED A PRODUCTIVITY STUDY THAT BETWEEN 1902 AND 1966 OVEA-ALL PRODUCTIVITY tN U.S. INDUSTRY INCREASED AT AN ANNUAL AVERAGE RATE OF' ABOUT 3.2 PERCENT. IN THE YEARS, 1902-1946, WAGE RATES OR UNIT LABOR COSTS KEPT PACE, MORE OR LESS UNIFORMLY, WITH PRODUCTIVITY GAINBe IN THE
!92018 THin' ROBIE .!.ill. BLOWI..V THAN e80DUCTIVfTY HowEVER1 SfNCE 1947 B.UI.. (MAf+-
HOUR) PRODUCTIVITY OF PRODUCTIVE SHOP WORKERS IN ALL MANU~ACTURING INCREASED AT AN AVERAGE ANNUAL RATE 0~ 3.6 PERCENT. DURING THIS SAME PERIOD, HOWEVERt AVBAGE HOURhY EARNING (EXCLUSIVE OF FRINGE BENE~ITS) ROSE AT AN AVERAGE ANNUAL RATE 0~ ONLY 7,1 PERCENT, IN THE~ INDUSTRY THE INCREASE (WITH ~INGE BENEFtTS IN-
CLUDED) ROBE AT AN AVERAGE ANNUAL RATE OF 8 PERCENT MEANWHILE, BETWEEN 1947 AND
1966, THE WHOLESALE COMMODITY INDEX ROSE ONLY 27,6 PERCENT AT AN AVERAGE ANNUAL RATE 0~ ONLY 3.2 PERCENTe
THEBE DATA SHOW THE GRIP 0~ A LABOR MONOPOLY ON THE COUNTRYo ~~ ALLOweD TO CONTINUE, IT WILL WRECK SOME INDUSTRIES (oR SOME COMPANIES THEREIN) OR WILL EVERY 18 YEARS CUT THE PURCHASING POWER 0~ THE DOLLAR AND ALL FIXED INVESTMENTS IN HALFe
UNTIL RECENTLY, IN EUROPE AND GREAT BRITAIN, LABOR COSTS ~D NOT RISEN AS RAPIDLY AS HAD I'"RODUCTIVITY SINCE 1946, BuT, NOW EUROPE 18 THREATENED BY THIS SAME TYPE
OF WAGE-PRICE INFLATIONARY SI'"IRALe
FMSI 00497
s~~J::!:TER1ALs STANDARDs iNsTITUTE, INc 370 Le:xr'IGToN ~vENUE, NEw Yo"'-< ' 7
~1!_, 9, 1957
NOTICE
,l.~:\I:.JAL MEMBERSH! P rv:EEt i 1\1:::
T:M~: PLACE:
!0:00 A. M.
RooM "A"
HoTEL CoMMODORE 42No STREET & LEx t NGroN AvENUE N~w YoRK, NEw YoRK
MANY MATTERS 0~ IMPORTANCE AND INTEREST, (INCLUDING THE DATA BOOK COMMITTE~ REPORT ON BONDED SEGMENTS AND BRAKE SHOES) WILL BE DISCUSSED SO KINDLV ARRANGE TO ATTEND AND ADVISE HOW MANY RE~RESEN TATIVES FROM YOUR COMPANY WILL BE PRESENT. IF YOU PLAN TO ARRIVE IN NEW YORK THE PREVIOUS DAYr ADVISE WHETHER YOU WISH ANY HOTEL ACCO~~OATIONS RESERVED FOR VOU AND WHEREo
YOUR IMMEOtATE REPLY IS REQUESTED SO THAT ALL THE NECESSARY MEETING ARRANGEMENTS MAY BE MADE.
H. G. DUSo-lEK
Se:cRETARY
DISTRIBUTION: AcTIVE MEMBERS (A & B)
FMSI 00498