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MHM y>4^"P.wWfWBWP'' SMI J gui-m ' 'MoWjjWfWgi b b b u w h p * u-irA-.'"''--fpt ugwipm ii1 - LIA2A898 <^abi til'rifi' 1-- ^'^irii --a* gW -j! i 1 0 LEAD INDUSTRIES ASSOCIATION 430 UCXINnTON AVEMUK mew vomit it , n . v . COMF1DEHTIAL SUBJECT TO RgVISIOH AKWUAL WEETIHO Cf THE liEUSBtS CF T LEAD IK0CSTHIE3 ASSOCIATION Chicago, 111 April 8, 19h9 The annual weeting of the aeaben of the Lead Industries Association was held mi Friday, April 8, 19U9, at Ii35 P.U., at tbo Drake itotel, Chicago, Illinois. FRESPJT REPRESEOTIH3 Borman Hickman Willi an B. Clancy I. F. Goodwin Simon D. Strauss Julian S. Bars J. K. Lnglehorn P. C. Fedderson J. B. Baffner W. 0. Woolf F. L. Halim A. D. Turnbull 0. C. Wilson K. A. woimil Wray D. Faradn Paul B. Jessup Robert B. Dickson Uorrie Bnit Arnold Eellman J. A. Stone H. C. Bailay Frank M. Hart A. E. 3ondclarl V. R. Dice W. H. H<rt *11 lim F. Uurdock Haas U. /oiler R. A. Harvey SMU.I, n " >1 wr*" American Metal Co. Ltd. American Sseltlng 4 Refining Co. Aaerican Smelting 4 Hefinlng Co. Aaerican Smelting 4 Refining Co. Bars 4 Company, Inc. Broken Hill Associated Snaltera Pty. Ltd. (C. Tennant Sons 4 Coapargr, Agents) Bunker HiJ. 4 Sullivan Mining 4 Con* centrating Co. Bunker Kill 4 Sullivan Mining 4 Con centrating Co. Bunker Hill 4 Sullivan 'lining 4 Con centrating Co. Consolidated Mining 4 dealting Co. of Canada Limited Consolidated Mining 4 Smelting Co. of Canada Limited Consolidated Mining 4 Smelting Co. of Canada limited Consolidated Mining 4 Seelting Co. of Canada Limited Day liines, Inc. Day Mines, Inc. Dickson .-watherproof Ball Co. Division Load Co. Division Lead Co. Division Lead Co. K. I. duPont de Kemoura and Co. K. I. duPont ds Bemours and Co. The Eagle-Picher Co. The Eagle-Picher Co. The Eagle-Pic her Co. Tho Eagle-Plcher Oe. The Eagle-Pleher Co. Tho Electric Auto-Lite Co. (Auto-Lite Battery Corp.) / / '.aa*..j.Ma.,.in.gMjg.a;*tmianmj i i . ' p .w wyju - i wm iiit 1. "9 mv t'irrttwnnM i^jjytfiffiiWi* 'frAniiTdrrrfVa ~~' 1'"" Muuj'iBPwy'" LIA24899 *Sl>-- Annual Meeting Uinats 2 April 8, 191*9 K. If. Oresn The Electric Storage Batteiy Co. E. R. Anderson Ethyl Corp. J. a . Costello Ethyl Corp. John H. Schaefer Arthur R. Knight Ethyl Corp. Euston Lead Co. A. M. Callis Federated Ratals Division, American Smelting it Refining Co. Carl J. Gross Federated Metals division, Anorican Smelting A Refining Co. John J. Harutua Federated Metals Division, Anerican Smelting A Refining Co. J. a. Kelln Federated Metals Division, Ameilcss Saelting A Refining Co. Harry J. Gardiner Gardiner Metal Co. R. A. Gardinar Garoinor !!otal Co. R. A. Gardiner, Jr. Gardiner Metal Co. Rare S. Goldsmith Goldsmith Bros. Smelting A Refining Co. Gillian tfilkc, Jr. Hanmond Lead Products, Inc. i Willi an P. '. like. III Hammond Lead Products, Inc. G. 4. rsterson Hudson Smelting A Refining Co. J. Schorfc Lewis S. Soncrs Cl-onco dess Hudson Smelting A Refining Co. Imperial Type Metal Co. International Smelting A Refining Co. (Anaconda Sales Co., Agents) . > F. A. lurdlaw, Jr. International Sawlting A Refining Co, ` John J. Geraghty Johnston Poll Manufacture Co. .1 C. P. Siaonds Lead products Co. Floyd . Siaonds Lead Products Co. John R. MacGregor John R. MacGregor Lead Co. a. C. Roddy Albert Hanak Rudolph Spltser Metals Refining Co. Metro Saelting Co. Metro Saelting Co* W. 7. Burley National Lead Co. s Walter P. Carroll , R. Dondorf National Lead Co. National Lead Co. j i J. A. Martino National Lead Co. D. A. Uerson National Lead Co. H. C. i/ildner National Lead Co, Edward J. Ferguson North American Saelting Co. Roger H. Cutting Northwest Lead Co. R. K. Spofford Jos. Axelrod W. n. Ewell Tho Okonite Co. Pennsylvania Saelting A Refining Co. Rochester Lead Works, Inc. . Francis Canercn St. Joseph Lead Co. Charles R. Xnce St. Joseph Lead Co. R. J. Mechdn St. Joseph Lead Co. i Walter 0. Patton St. Joseph Lead Co. Felix E. toresor St. Joseph Lead Co. 0. Howard LeFerre . W, Merrick 0. S. Saelting Kofinlng A Mining Co. U. S. Smelting Refining A Mining Co. Oeorge Kixter U. 3. Smelting Refining A Lining Co. wfP'jm.'Pi 'P'wm.11 wvw Hn' M mr^tWAirff^Sjtt rWj&ii . - UA24900 <irii I ifltiMMi msWi ir-...-WnH ijti5ihfiN'HMII *.Sti-ii ~im si i ia m ^ ^ s w s w w w iis m iu i imiawi |wiiiiiw.swwwuW ^ B ^ ^ - ^ w W- r i.[i|Ji , ; p n 9 j Annual Keating Minutes -3- April 8, 191*9 F. S. Uulock F. C. Sqyern F. L. Varner J. D. Sbeftel H. 0. Ross T. 0. Stover r. S, iOfred J. i, Sharkey U. S. Smelting Refining 4 Mining Co, U. S. Smelting Refining 4 Mining Co, U. S. Smelting Refining 4 Mining Co, Vensley Metal Product* Co. Western Electric Co., Inc. Western Electric Co., Inc. winchester Repeating Arms Co. (Qlin Industries, Inc.) winchester Repeating Arms Co. (Olln Industrie*, lac.) Robert L. llegfeld, Secretary-Treasurer David iL. Borcin* 1`anfred Bowditch Keupton H. Roll QUESTS Dr. R. B. VcCoraick, Munitions Board ' I. H. Cornell, Bureau of Federal Supply REFREST-TiS BT PROIT Alpha Metals, Inc. Phelps Dodge Corp. Chief Consolidated Miring Cor River Smelting 4 Refining Co. Evans Uetal Co. Shattuck Denn Wining Corp. Federal lining 4 Soelting Co. Silver King Coalition Wines Co. a. fr. Fuller 4 Company Silverstein 4 Pinsof Inc. Hod a Wining Co. Standard Rolling Wills Inc. Kahn Bros. Sunshine Ulnirg Co. Ke* lark lining Co. United Acericin Metals Corp. Prk Utah Cons sUdatod .tines Co, bhito Metal Rolling 4 Stamping Corp. Ur. /orcscr occupied the chair. The minutes of the previous meeting of ltsy 21, 1913 von approved. REPORT OF THE SECRETA.<f ASP TRnASUKjJt The report of Uie secretary and treasurer was summarised and approved (sent to mergers iisrch 30, 19l*9). REPORT OF THE PRESIDENT The president said that twenty-one years ago, a group of publicspirited representatives of the Lead Industries net in Kcw fork to found the Lead Industries Association. They were a cross-section of miners, amelteram and manu facturers. They felt that the steady growth of eennerce in the United States had made it desirable for the lead lndustiy to become associated in an organisa tion which would save thee, individually, time in dealing Jointly with Industrial lju.l WWI . U ,' J wm,!|P*WPP^^ if- .... ( . ' litjmi--iiiiMii ------ 'W*** LI&?A901 o r. 3 Annual Vesting Uinutea l April 8, 1?1(? and economic and governmental sitter* that individually wsuld prove difficult and time-consuming to handle. The Lead Induatrie* Aaaociation was the first, or one of th- first aseociatlons, I believe, to be organis-d on a vertical baris, on the precise that shat was good for one unit of industry was good for the others, and vice versa* It has certain1/ worked out that way, and the very fact that the structure < f the organisation comprises both sellers and buy*-* of lead her been a brilliant con ception, for it has enabled the association to function purely for the best and fundamental interests of the metal fron which we all derive our livelihood. It never has, nor could it, tackle any problem which woulo be to the benefit of one group and not to others, nor could it tackle anythin?; which would be in contra vention of any rf our business laws regulating competition. The arsoelatien has always taken a position strongly in favor of free enterprise, and in favor of open markets. All we have asked was to be permitted to stand squarely on our own feet and to run our own conp-nies in a free competitive atmosphere. Increasing Oovernsent intervention in our business Is the great problem we have to face. This development alone makes it necessary to have an organisation such as the Lead Industries Association, which can express the rhilosophy cf ur Industry to our Government representatives in Washington end elsewhere. Long experience has demonstrated the wisdoa of a united expression of opinion for Washington Sbvernnent committees and officials. It saves thcr. time and it saves us tine for, otherwise, there would be an extraordinary amount of duplication cf effort. It also is important, because, even though we are a comparatively small industry, w* are ever so such o>re effective as one unit together in one association, than if we act alone, Kone of us knows what the future holds in store for lead, but 1 have confidence in our combined atility to meet any coirn problems that may arise. In a way, it trill it refreshing to be in a position different from that of the last few pure, in that, we shall again have to soil our products, rather than have the buyer beat a path to our doors, 'le ray be on the verge of a period of keen competition for the public's dollar, tdiich nay be considered normal in American business. Perhaps, therefore, we should give some thourht to reviewing the competitive position of lead, to decide what, if anything, should be dona to restore the acceptance cf lead products in sene lines whore the shortage has caused the use of lead to be diminished, I refer especially to white lead, which has had a most unfortunate history ever since lji, liiring the war, th- use of white lead was restricted by Soverment order. After the war, the use of white load was affected by the relatively high Cost of it Cor-pared with competitive pigments. As a consequence, one looks in vain these days for any articles or ary advertising to tell the American public what a wonderful paint pigment this is. It is an open secret that paint quality, by and large, has decreased in the last frw years, and as a reflection of this sentln-nt, I note that one ef eur largest paint companies has this to say in their annual report! `There are, of course, nary eases where the user's budget does not permit, nor his needs require, finishes of tho extra quality ef the rogular - - - - line, '> moot the special needs of this truly large market, a new - - - - line of finishes has been developed. This includes exterior house paint, cnancl, flat, gloss nnd -nl-glos wall finishes. Thcss will enable our dealers to meet the growing competition on tho price front," i or jmrwp V u', a via irttin in in hiitii in . LIA2A902 . rl^'. '--- . 4 > * * --------- -------- .- -ft- ~ --- --- r. L.a.. -- ...,-,-- ---- --- W. 9 i j : * Annual Meeting Minutes -5 April 8, 19l<? Please note the emphasis on 'the growing competition on the price front.* It eom> cost unfortunate to no that in the paint Industry with labor costs at an all tine high and durability being wore important than ever beforo, there should be this pronounced drift to poor quality paints* In conclusion, the Lead Industries Association, oror nary years, in a quiet but effcctivo manner, has loft its nark in many fields of activity that help us all in our dally activities, I don't propose to recount then here, they have all been detailed in the annual reports of our progress, and the Secretary's r'port today will carry on further. lot sic conclude by thanking you all for the continued end growing support that the Association has received in its effort to nako our business more efficient and useful to the American public. Together x l can make the future oaslor for all of us* ELECTION CP BOAiJ) OP DIRECTORS The secretary then read n list of the Board of Directors of the lead Industries Association, with one change requested by a ember cor.p-.ny represented on the Board* The president explained that the cucistlng Board ws representative of the industry as to geographical location, Stic and br-nch of industry* A quorum bring present, in perre*, or by proxy, the fn llewing Directors were duly nominated and -unanimously elected Directors of the lead Industries Association for the ensuing year. tc^Esgirmo Merman Hidcvin, Vies President it. C. Brownell, iiocutive Vice Prt sldcot Clarence 01o-s, Vico Prcsid^t S. ... Easton, President A. E. Bendi.lsri, Dir etcr J, H. Schacf .r, Vicu .r sid:nt E. 1. Jl 'tiouse, V., president l. F. iianlry, president J. J*. Ruth, Vice President J. A. Vartino, Pr -sidert O. H. m ndly. Vice Pr< sid-nt P. E. 'fornsor, Vler Present Janes Ivors, Vice President J. V. 'lade. President Georg.* ilixUr, Vice ."resident American Mctrl Go. ltd, American Smoltine L Refining Co* Anaconda Sales Co,, ..gents. International Smelting ' Refining Co. Bunker hill A Sullivan lining L ConCL.ntri.ting Co* Ea'lc-Pieh. r Co, Sthr-1 Corp. Federated Metals Division of *>crlean belting It Refining Co* Hccla Mining Co* The Hidden Co* Rational L~ac Co. Dark Utah Consolidated l ines Co, St* Joseph Lead Co* 3 .Ivor Ping Coalition Mines Co* Tlntlc Standard Mining Co. Vn< ted States Smelting Refining 6 Mining Co., Ine, The president then asked if th-rr were any questions or other buslners and upon there being none the mooting adjourned at fill P*M "if** . j-- 11. if. y X< 1 Secrotary. rr