Document j0emYeKGLey87QzmxY3m2aqp

ATI-174 ASBESTOS TSCTZLE INSTITUTE Minutes - OEr'ERAL KZETIHO - October 10,1969 The CAROLINA, Pinehurst, North Carolina In atta"^""*** AMERICAN AS3EST0S TEXTILE CORF. J.L. Rainey J. W. Chrlstenbury H. H. Walter O.S. Fabal OARLOCK INC. Q. fc. Houghton S.O. Dixit A. Xuamuk ASBESTOS CORPORATION LliCITEP F.E. Leolerc O.F.A. Brink BELL ASBESTOS HIKES LI HI TED Wm.J.W. Smith W.H. Smith LAKE ASJESTOS OF UUE3SC.LTD. E.a. Farrell ^---------- '------ JOHNS-HANVILLE CORF. E.A. Sohuman 1 R. M. Billing* C. L. Sheckler I. Barnett K. A. Roberta H.K. FORTER COuFAinMNC. L. E. Moody D. E. Childers J. W. Eobord ' TORHBR A HD1ALL LTD. Bernard Lincoln TUR'-tPt BROS. ASSE3-0S CO..LTD. W.H. Dectaan NICOLST INDUSTRIES. IilC. 7..v. Whittaker Gao. Orlawold,Jr. D.J. Froat RAYBESTOS-HANKATTAN.IHC. H.h. Seowcrort UNIROYAL^ me I7F7 Austin,Jr. S.R. Zinserman,Jr. R.F. Clark O.P. Dusker F.C. Phillips M.W. Oliver E.A. Horrla R.B. Smith R.C. Hunt J.W. Rawklni J.A. Brown,Jr. CAP/ALADER, UICKRSUA A TAFT 1 H.C. Roosevelt lLegal Couneel) ASjESTOS TBCTILE INSTITUTE H.L. 5unbury (Secretary) Ouesta: J.T. Orlffls, iCharlotto, h.C, " J.D. HcCluer, H.K. Porter Company,Inc. (Retired) W.C. Atklneon, Johna-t'anrille Corp. (Retired) W.H. Johnston, Atlas Aebestos Company, North v.olet,?a. J.S. Uassenburg, Raleigh, 11.C. (Guest speaker) Note: Those attending oonslttee Meetings the provlous day, but not the Oeneral Heetlng, are Hated on oomlttee reports. Fage -1-. k ,ncgarloc 00058-008672 C ATI-174 Minute -XCE.FUL KGeTIKO - October 10, 1969 Page "2 1. President Schumen oelled the meeting to order at 9:30 A.M. and expressed Mi appreciation for tha fine attendance of members(and wive*) at thla 25th Anniversary Celebration of the founding or ATI. 2* The minutaa of the laat neetine wura preeented for reading.Mot ion by E.a. Farrell to omit reading,seconded by R.H.Hilling*,so voted. 3. The Financial Report wee preeented by Traaaurer Seovcroft. Moved by J.L. Rainey that report be accepted. Seeondod by X.a. Roberta, and eo voted. Frcaident Schuman atated that the Annual Audit of tho Institute's book* had been nade by Hr. Charlea U, Drlgga,Jr.,of Roybestos-iianhattcn.Ine., and read nr. Briggs'e lettor of October 2nd certifying that the financial report or Spteaber 9, 1969 praeante fairly the poaitlon of the Inetitute aa of that date^Sp0rt attached. 4. Hr. Haven C. Rooaevelt, Legal Counael, addreeead the meeting, and a brief eune-iary of hie romarks follow* i " In the paet twenty-five year* variou* representatives from fry firm have outlined to you sene of the activities which you may do and which you nay not do jointly. With tho rules for these activ ities we are all fairly faniliar. However, what you may say to each other aa opposed to what you may do together is an increasing* ly difficult problem. In the reeent Oreeneboro case a number of competitors e^.changed infonsetion concerning price* ehorgod or quoted to apecl.`lc customers for corrugated containers. The trial court found that each defendant had exereleed hie own judgement with respect to taking orders and quoting pries*. On appeal the Attomoy General argued that the exehnage of infor mation might hav* deprived customers of some of the benefits of competition -- that absent the exchange of information a lower pries might have been quoted. The Supreme Court accepted this argument. The court drew what it called an"irr#altlbl# lnforsnes" that the exchange of information had an anticompetitive effect. Thus It would appear that any atatistleal reporting plan having to do with recently charged or quoted prices is in Jeopardy. If this type of exchange is suspect then whet other types in the future may ineur suspicionT Although prices are th* most obvious mani festation of product competition other rectors art Important - packages; a finish, dolor or fenturo; credit; terms of sals; freight; even new products. All exchanges of information should be csr#fully examined to determine if an "irresistible Inference" could bo drawn that customers and competition in general slight be adversely affected." 5. At this point in the meeting ^resident Sehuman asked each person to atani. and Identify himself and his company. 6, President Schuman announced that tho Docrd of Governors, *t thslr meeting held on October 9, 1V69 had elected officers to eorve for tho coming year, namely; President - E.A. Sehuman; * Vie# President - L.n. Moody; Treasurer - M.ii. Scoweroft. Hew mem bers of th* Doa-* of Govornor* are;- J.K. Whittaker of Hicolet Industries,Inc., and E.A. Morris of Uniroyal,Inc. ilr.Morris re places R.P. Clark who resigned as Vies 'resident of ATI on th* first of September 1969. i.r. Clerk's responsibilities at Uniroyal GARLOCK INC. 00058-008673 ATI-174 Hlnutea - CSt.ruL It rgriwo - October 10, 1969 Pec# -3- having been, realigned he Is no longer responsible for that company' asbestos textile product*. Wo r*c>#t that "DlOc"Clark, elways an active and popular participant in Institute affair*, 1* unabl* to eontinu* attondone* at our Mooting*. 7. Th* Fibre Producer's noport was by Ur. l/m.J.W. Snith, Vico Pro*ldont k Conoral Sale* iianager of BELL AS333T0S illilES LIJTEU. Mr. Smith reviewed the present situation in respect to th* supply of various Grade* of aeb*:toe fibre*, and stated that so far a* th* epinnino Grades are concerned th* normal inventories maintained by producers have been depleted to sueh an extent that a serious short age eould develop in the coming year. At th* conclusion of his remarks Hr. Smith extended to th* members, on behalf of th* Canadian mambors of th* Institute, a most gracious and eordlal invitation to attend th* ATI meeting to be held at That- ford Hines. Quebec, Juno 10-12, 1970. Hosts *' `.'tat meeting will be:Asbeetos Corporation Limited; Bell Asbestos Hines Limited; Csssiar Asbestos Corporation Ltd.; Johns-Mnnvlll* Co.of Canada,Lta.; and Lake Asbestos of Quebec,Ltd. 8. The coranltte* reports were given by th* respective chairmen; Air Hygiene *. iifg. Comitteo H.". Walter, Chm, Technical Cotmltte* - J.W. Hawkins, Chm, Sale* Promotion Cowdtte* H.w. Reoweroft, Chm. Fiber To*tint Cousnitto* - O.F.A. Drink, Chm. Environmental Study Coia.lttee - C.L. Cheekier, Clue. Their reports are attached to the** minutes. 9. President Sehuman presented Certificates of Appreciation to th* retiring ohaiman; hessers Welter, Haw :1ns, Scowcroft and Brink, each of whom had served th* normal term of two years, ana thanked them on behalf of th* Hoard of Governors and the iieiibere for their leadership and aaalotaneo in furthering th* objectives of tha Institute. 10. President Sehuman announced that tha naw comitt** chairmen would bo: for Air Hygiene k .Sg. Committeo > Ur.H. Fleming, Uniroyal,Inc. " Teohnlcal Cotnltte# - Ur. S.O. Ulxit, Garlock Inc. " Sales Promotion Consul tte* - Hr. n.~. Carpenter, Oarlock Inc. * Pibar Tettlnu Committee - lir, D..~. Childore, H.IC. Porter Co,,Inc. Note: Currently under consideration Is a proposal to change the name of the "Sales Promotion" Coisiltte# to more accurstely denote lta broad rang* of interests in such matters as publle relations, now products, and legislation affecting our industry 11. Hr, John D, lieCluer, a foriser ohaiman of our Technical Committee was presented w*`h * beautiful plaque by Prealdant Sehuman a* a trib ute to hie many years or aarviee In the aebeetoe textile industry, and hie valuable contribution to the work of th* Institute, letlred from th# H.U. ''orter Co.,Inc., at ilia end of last augu*1* Hr*. MoCluer reeid* at 1U22 lUohlond Ur., Chnrlotta.k.C. 20205. GARLOCK INC. 00058-008674