Document k6oJyoOEekegkrkXe7566vxJy

December 18, If 39 At a regular meeting of the Directors of John T. Levis A Bros. co. held this dap in their offlees in the lidener Building, therevere present: S. French Beeves, Tice President and Treasurer J. W. Gardiner, Ties President Morris H, Merritt, Scoretary X.eenard' T. Beale, ' Director The meeting wee called to order by Mr. Leonard T. Beale, vhe presided in the absence of Hr. Bdvard P. Boale, and Hr. Morris H. Merritt reported the minutes of tho mooting. The minutes of ow mooting of Doeember 13 were read and approved. Mr. Reevee reported the following profits for tho month of November, 1933 and for tho first eleven months of 1939. without deducting any Hew York office overhead: 1939 Profit 193 Profit November #36,018.16 9,788.46 11 months 4396,982.10 89,713.75 Tho purchase of e now 1940 Haetor 8$ Chevrolet Coupe for Mr. H. T. Sehreyer at a not cost not to ezeeed 4277*75 was approved and will be forwarded to Hew York for their attention in the regular way. On motion, made by Mr. S. Trench Reeves and seconded by Mr. L. T. Beale, it was unanimously RXSOLYBD, that we eontinue during the year 1940 thh system that has been in fores for a number of years, giving a service button and cash award to ampleyeos (ezeepting offieoro) who have boon with us five years or multiples thereof. Thin means that for eaeh five year button a 45.00 cash award is given, and for eaeh ten year button 410.00, etc. Tho total number of persons to receive but tend in 1940 at both offiee and factory will be 75 employees, for a total seat of 41*015. Mr. Gardiner brought up tho fast that our salesman, Charles M. Vest in Baltimore, is quite ill with tubereulesis and he did net know just what would have to bo dome with Mr. west's work. Tho regular weekly report of shipments was submitted. Mr. Leouard T. Beale talked quite eztensively on tho importance of two methods of research for the future welfare of the Rational Lead Company:- {1} to Ideate new preduets affiliated with lead, or (2) to ajrrange new sales set-ups which can be handled by our present feres. Then further business, upon motion the meeting adjourned,