Document jmmZkYwEyNoGn63Br79EMNEQp

LEAD INDUSTRIES ASSOCIATION, INC. 2a MADISON AVCNUI SUBJECT TO REVISICB NCW YORK, N. Y. 10017 rCLftPHQMI - ARKA COOI tlt OR AAOM ANTTIAL MEETIMG OF THE MEMBERS CF THE LEAD INDUSTRIES ASSOCIATION. DC, St. Louis, Missouri April 21-22, I96H The annual meeting of the members of the Lead Industries Association, Inc., vat held on Tuesday and Wednesday, April 21-22, 1964 at the Chase-Park Plaza Hotel, St. Louis, Missouri. Members Present Representing Max Adler F. C. Disque Pierce D. Parker James M. Wtgley L. R. Bartlett K. H. Brownell Aubrey H. Callls R. L. Hennebach Herbert E. Howe R. L. Jourdan J. S. Shart, Jr. Simon D. Strauss John T. Sullivan R. D. Taylor Lee Travis Carl H. Cotterill Carl A. Underhill H. L. Young R. A. Toung F. H. Kurless David J. Rowland H. M. Weed Frank P. Barton Julian S. Bers Leon M. Rose R. J. Hopkins John runnel! Otto F. Bauer H. W. Halton Sidney S. Sweet Frank Gregory Douglas 8. Burwood M. E. Elmore Harold E. Lee I. L. Barker Thomas E. Carey Allied toeltlng Carp. Alpha Metals, Inc. American Metal Climax, Inc. do American Smelting & Refining Co. do do do do do do do do do do American Zinc, Lead & Saelting Co. do do do Anaconda Sales Co. do do 0. A. Avril Co., Lead Products Div. Bers & Co., Inc. do Broken Hill Shelters Pty. Ltd. do (C. Tennant, Sons & Co. of H.Y., Agents) do do (Cozinc Soles Ltd.) (The Rio Tinto-Zlnc Corp. Ltd.) The Bunker Hill Co. do Cerro Corp. . Cerro Sales Corp. AAsetfir MImS , imi, I mjpnuftMav u bp iff)-" wjfBi-mtm** mw j iyyji^iy>jiJtf.wy,fygayi'11 jgpwgwwpw&m&a+m&i w, jmrr* > m^K*s/**x**f*?* Annual Meeting Minute* 0. P. Sorell Ivor Thccpson Lott L. Taylor R. C. Bell Harold Fargey E. H. Gautschl J. Howard D. Hargrave A, V. Mareolin K. Raht A. D. Turnbull A. Olaf Wolff Henry L. Day Wray D. Farmin C. B. Anderson D. V. Badgley T. E. Bore 3. F. MiUer Cecil Bassett Wm. D. Atteberry D. R. Carter Joseph 0. Cassera E. R. Anderson Morris Foodin Harvey D. Ferer R. A. Gardiner, Jr. W. P. Wilke III Bentley Murph J. V. Murph J. Jennings Enactt A. Torney Warren T. Trask Wllliaa J. Welch Henry Vhltsco Allen R. Oatey V. J. Brarier Janes R. Higgins Jens Jensen Edwin J. Merrell Howard Meyers John R. Englehorn Andrew Fletcher Charles D. Henderson Richard E. Jordan Carleton C. Long Dwight Marshall Joseph A. Relalng Joseph 0. Sevick John V. Shenaan Verne W. Slinkins Wllliaa Tunney Willard J. La Morte Charles T. Coles Richard W, Conley Daniel J. Herts Robert Johnson C. G. Rice r T. Warner -2- April 21-22, 19& Cerro Sales Corp, do Cocnpanla Minera Asarco, S.A. Consolidated Mining & aneltlng Co, of Canada, Ltd. do do do do do do do Day Mines, Inc. do Delco Remy Div., General Motors Corp. do do do Dixie Lead Co. The Eagle-Richer Co. do The Electric Storage Battery Co. Ethyl Corp. Federated Metals Div., American Sneltlng & Refining 1 Aaron Ferer 4 Sons Co. Gardiner Metal Co. Hansoond Lead Products, Inc. Murdock Lead Co. do Rational Lead Co. do do do do L. R. Oatey Co. 01in Mathieson Chemical Corp. do Pend Oreille Mines & Metals Co. Fhelps Dodge Copper Products Corp. Revere aneltlng & Refining Corp. St. Joseph Lead Co. do dO do Jo do do do do do do Shattuck Denn Mining Corp. United States Smelting & Refining & Mining Co. do do do do do W.JJ4I jjj'14 if^wjFiiMiiuwj";! nM*itjwpfi^>rrygwgriuj ,1 ^ '; '"g't1-,**;TC?Lg' ******!***., LIA2126A Annul! Meeting Minute 3- April 21-22, 1964 Hovard Rovasel Reuben Viener B. T. McKinney R. R. Quenell Victory White Metal Co. Hyman Viener A Son* Western Lead Product* Co. do Represented by Proxy J. R, Konigsberg ; Revere Copper and Bra#*, Inc., Toll Dir. Guest* Jean Adamian A. B. Allstin Richard J. Bauer Herman Becker-Fluegel T. E. Brown Oscar Burchard C. K. Canard Andre de Jaer Vincent E. Dorman Yves Du Parc Theodore Q. Dzleolanowlcz George H. Eddleaan Donald R. Pitch Ernst L. Prank Gerald E. Pranks D. B. Eraser Martin R. Galnabrugh Arthur J. Gerval* Stanley Gillen Carlos E. Gonzales Paul Outerman H. A. Hanley S. G. Harris C. T. Heaton Paul V. Higgins William D. Hook Robert I. Horrit* W. T. Isbell P. R. Jeffrey Jacques Jerusalem !. 8. Kirby Harold A. Krueger John J. Lennon George P. Lutjen John M. McAvard Harold A. Montgomery Edward G. Orkin J. Allen Overton, Jr. A. J. Payne Francis J. Pelly W. R. anith. III J. V. Stafford Joe A. Stone R. L. Stubbs Pierre Vandekerhove Transamine Hercules Powder Co. Henning Bros. & Smith, Inc. W. R. Grace & Co. Hercules Powder Co. W. R. Grace & Co. Ametalco, Inc. Societe Generale De* Minerals Ametalco, Inc. Societe Generate Des Minerals Fair-rite Products Coip. Imperial Type Metal Co. Australian Qabassy Philipp Brother* Philipp Brother* Dept, of Mine* & Tech. Survey* Rational Industrial Conference Board Rational Zinc Co., Inc. Ford Motor Company W. R. Grace & Co. Bache 4 Co. Australian Lead Zinc Development Association Canadian Hnbassy Onion Electric Co. 0. S. Tyson & Co., Inc. W. R. Grace & Co. Continental Smelting & Refining Co. Rational Zinc Co. Cla Royale Asturlenne de* Mines Electrolytic Zinc Co. of Asia Kennecott Copper Carp. Ametalco, Inc. Engineering & Mining Journal 0. S. Tyson & Co., Inc. Purdue University Metal Traders, Inc. American Mining Congress Electrolytic Zinc Co. of Asia British fisbassy Babcock & Wilcox Company American Metal Market Division Lead Co. Lead & Zinc Development Association Societe Generale Des Minerals A'tlfilli'-iflfilaii'iiiir )l t 9 Annual Meeting Minute* -U- Aprll 21-22, 1964 Eleraer Varady Brian Wilson Tetsuo Yoshltake Istltuto Italiano del Picnbo e dello Zlnco Steel Magazine Mitsui Mining h Smelting Co. Governement Representative* Frank J. Xelly H. Kerrworthy Joseph C. MeCatskill D. E. Mould* Harold Schroeder Paul Zinner U. s. Dept. of the Interior, Bureau of Mine* U. 8. Dept. of the Interior, Bureau of Mine* ti. 3. Dept. of the Interior, Office of Assistant Secretary U. 8. Dept. of the Interior, Bureau of Mine* cr. S. Dept. of the Interior, Bureau of Mine* u. S. Dept. of the Interior, Assistant Director Lead Industries Association, Inc. Staff Robert L. Zlegfeld, Executive Vice President Ji Treasurer David M. Borcina, Secretary & Assistant Treasurer Bruce Fader, Manager, Technical Services Don G. Fowler, Director of Health St Safety Jerone P. Smith Robert I. Valley, Office Manager International Lead Zinc Research Organization Staff Dr. Schrade P. Radtke, Director of Research G. Alexander George J. Bllek Albert R. Cook Samuel E. Eck The secretary reported that a quorun of the members was present. The minutes of the previous meeting of April 29-30, 1963 were circulated to members after that meeting and no changes or corrections were received. Mr. Andrew Fletcher, past president of the Association welcomed the participant* at the meeting and made the following remarks: As you probably all realize, the reason why I have been asked to preside at this joint session is due to the sudden death of Charles R. Ince, president of the Lead Industries Association and vice president of St. Joe. Among Charlie's papers, I found a sheet containing the opening paragraph of the talk that be expected to prepare after his operation of Just two weeks ago, and which he had askd me to present -- it seem* only fitting that I should read it new: "Welcome to the Tenth Annual Joint Session of the American Zinc Institute and the Lead Industries Association. It is also the 46th Annual Meeting of the AZI and the 36th Annual Meeting of the LIA. We meet under much # i s ijpys LI A?126fc ; ' Annual Meeting Minute* 5' April 21-22, I96U happier circumstances than we did two years ago when we were last hero In St. Louis. At that tine, you nay recall, stocks of tine and lead were high and prices low -- both here and abroad." Unfortunately, Charlie never recovered frera t bs shock of the operation, and so his talk was never finished. From an industry point of view, but not from a personal, one as va have all lost a fine friend and a very capable executive -- Charlie was right in using the words "much happier circumstance*," as the consumption of both metals has increased, with a resulting major reduc tion in stocks and increased prices. This is a healthy change so long a* metal prices remain reasonable and shortages do not occur, which would encourag* consumers to look for substitute*. Consumption growth has been encouraging, and this ha* been the main objec tive of our two Associations. It was also the reason behind the establishment of the International Lead Zinc Research Organization same *lx years ago, and for the major expansion in research for improved and new products. It has been a long time since our metals have figured so prominently in the thoughts and conversations of architects, engineers and manufacturers, or have been the subject of so much space in print. We must not forget, however, that when any one stops talking about his product or looking for improvement* in it, that product will soon be forgotten. The members of our two Associa tions, and the supporters of ILZSO are to be commended for their foresighted ness in deciding to spend money to make money. From a domestic mining viewpoint (you must first produce before you have a product available for consumption), the problem* which our industry ha* faced during the last three administrations, and are today facing, have arisen because the United States has no long-range mineral policy. The domestic industry has been offered only short-term palliatives, such as stockpiling, barter, fixed import quotas, and even subsidies for small mines. Another short-term palliative that is now being discussed is the release from Govern ment stock piles of 75,CCO tons of zinc, and possibly 50,000 tons of lead. The reason that this is being considered is because under present conditions, the existing "fixed" import quotas are not large enough and because domestic production has not increased enough to take care of present day requirements. Ikit don't forget -- until a short time ago, the "fixed" quotas were too large, and unneeded imports were being received. There is no Government or industry organization that will ever have the ability or the knowledge to decide as to the correct amount of a "fixed" quota, that will be proper under every condi tion. Therefore, what is the solution, and is a solution worth the effort to obtain it -- I think it Is. All of us constantly read in the newspapers about the balance of payments deficit and the outflow of gold. The increase in the U. S. population and the increased demand for metals will necessitate increased imports and an even greater outflow of gold to pay for the foreign purchases -- unleis the domestic production of the needed raw materials can be Increased. It definitely can be, and the outflow of gold lessened, provided the United States adopt* a longrange mineral program that will cover our higher production cost*. Our costs are higher because of the better grade of foreign deposits and the lower wage rates. Adequate domestic tariff protection seems impractical, therefore, the long-range solution would seem to be a "flexible" quota bill, along the lines of the recently introduced Senate S-I53L and House HR-9055. Under present conditions, a "flexible" quota bill would give foreign producers the oppor tunity of greater imports, and the withdrawal of surplus metals from the L_ i f i LU212b7 Annual Maeting Minute* -6- April 21-22, 1964 Government stockpiles could be handled without undue market disturbance. The probable objection to lessening the outflow of gold by using nore of our own raw materials Is possibly -- that the method Is Just too simple! In our country we like to make things complicated -- for example, in times of scarcity we were required to build up stockpiles of over 1,000,000 tons of both lead and line, Dow it is stated that ve don't need even one ton of either metal In the stock pile; a ehort time ago we were encouraging foreign investment by U. 3. citizens, now we are trying to prevent such Investments by tax regulations. Do you remem ber all the talk about the United States being a "have-not" nation -- I certainly have never been a believer in the "have-not" theory, because throughout the world, there are great undeveloped reserves of minerals, as evidenced by the recent large oil discoveries in Africa and off our Qulf Coast, by the recent large lead dis coveries In Missouri, and now by the news of copper, zinc and silver north of Tlmlns In Canada. All that the United States has to do to develop Its hidden mineral resources, and to lessen the outflow of gold. Is build \xp a prosperous mining industry through establishing a long-range mineral policy. Production Is the first step. The second is consumption for there Is no advantage in producing any product unless you can sell It at a profit. This is where our two Associations, and ILZRO, continue to be of the greatest help. REPORT Cg EXECUTIVE VICE FRESHEMT, SECRETARY ASP TREASURER The detailed report of the executive vice president, treasurer and secretary was circulated to members on April 6, 1964. REPORT CF HCKEKATIBG COMMITTEE FOR DIRECTORS Mr. A. Fletcher, chairman of the nominating Cccmittee for the Board of Directors, reported for his Cccmittee, composed. In addition to himself, of Messrs. E. McL. Tlttnann and W. J. Welch, and placed in nomination the following slate: Aubrey Callis D. R. Carter J. A. Costello R. A. Gardiner K. V. Green Robert Hendricks R. J. Hopkins F. R. Hurless John Englehcorn J. A. Martino Virgil Murph L. J. Randall C. 0. Rice C. E. Schwab 3. D. Strauss Federated Metals Division, American Saelting and Refining Co. The Eagle-Picher Co. Ethyl Corp. Gardiner Metal Co. The Electric Storage Battery Co. The Consolidated Mining & ikaelting Co. of Canada ltd. The Broken Hill Associated &aelteri Pty. ltd. Anaconda Sales Cb. St. Joseph Lead Co. Rational Lead Co. Murdock Lead Co. Hecla Mining Co. United States Smelting Refining and Mining Co. The Bunker Hill Co. American Smelting and Refining Co. : : i r s '1. i ! V II Annual Meeting Minutes T April 21-22, 1964 In making these naainatlcns, the report stated, the Cccnittee has made certain changes In order to distribute core vldely throughout the Industry opportunities to serve on the Board and to give the Association the advantage of the experience and viewpoints of more members, while still maintaining balance on the Board with respect to size, geographical location and branch of the Industry. The Cccnittee hopes that future Kcminating Ccoaittees will be similarly minded regarding the desirability of the rotation of the Board from time to time without setting up any hard and fast rules to follow. The Committee further wishes to thank past members of the Board for the time and knowledge they have contributed to the Aasociatlon's management. There being no further nominations the slate was unanimously elected. ADDRESSES AT HEETDW The following talks were delivered at the annual meeting and copies are available upon request: Automobile Storage Batteries........... Stanley Gillen, General Manager, General Parts Division, ford Motor Company Technical future of Lead........... 8. 7. Radtke, Director, International Lead Zinc Research Organization Lead Cable Sheathing........... Edwin J. Merrell, Chief Engineer, Phelps Dodge Copper Products Corp. Performance of Calked Lead Joints........... Harold A. Montgomery, Assistant Professor of Mechanical Engineering, Purdue University Health and Safety Program........... Don Fcwler, Director of Health 4 Safety, L.I.A. Conducting an Electric Truck Rodeo........... C. T. Heaton, Manager, Sales Promotion and Development, Union Electric Co. Staff Report...........Robert L. Ziegfeld, Executive Vice President, LIA and Staff Solder and Its Markets........... Fred Disque, Director of Research, Alpha Metals, Inc. Potential Harket for Lead in Permanent Magnets...........Theodore Q. Dzienisnowier. Director of Research, Fair-rite Products Corp. Sane Experience with Lead in Sound Barriers........... R. D. Taylor, Manager, Market Development, American Smelting & Refining Co. H. S. Savannah -- Portent of Things to Case........... W. R. Staith, III, Sue1ear Advisor, Babcock & Wilcox Co. "The Changing World of Lead and Zinc"........... R. L. Stubbs, Director-General. Lead 4 Zinc Development Associations (England) ----m terr-- w LiA21269 Annual Meeting Minutes 8- - Aprll 21-22, 1964 "Washington Scene"...........J, A. Overton, Jr., Executive Vice President 4 Secretary, (Copy of paper American Mining Congress, Washington, D. C. not available) "Business CVitlook -- I96U"........... R. Galnsbrugh, Vice President 4 Chief Economist, (Copy of paper not Rational Industrial Conference Board, Hew York, If.Y available) ARSOURCEMETCT OF ELECTICB Of CSTICERS The election of the following officers for the ensuing year, at the meeting of the Board of Directors on April 21 vaa announced! Sisson D. Strauss, President and Chairman of the Board Robert Kendricks, Vice President John Metcalf, Vice President H. J. Whitson, Vice President Robert L. Ziegfeld, Executive Vice President-Treasurer David K. Borcina, Secretary-Assistant Treasurer ! ' t ! i EMBrbd David X. Borcina Secretary iimnn e s n a-- 9 -if. t ..... l