Document re8eeJpEq4r2XRB1kvxwwop1J

Philadelphia , Pa* March 27, 1939* At a regular seating of the Directors of John T. Lewis & Bros. Company held this day in their offices in the Widensr Building, there were present: S. French Beeves, ice President & J.i. Gardiner* Vies President Morris B. Merritt, Secretary Leonard T. Beale, Director Treasurer The meeting was sailed to order by Mr* Leonard T. Beale, who presided, and Mr. Morris H* Merritt reported the minutes of the meeting* The minutes of our meeting of Marsh 17 were read and approved* Figures were presented by Mr. Beeves showing that during, the last twelve years, 1926 to 1938, our white-lead-in-oil sales have declined about 28% and our corresponding selling expenses have increased about li. This situation wea very carefully discussed. T Mr. Gardiner referred to a letter received from Mr. Tibbets dated March 11 regarding interior titanox paste and he will arrange to reply to the points raised in this letter* Mr.Gardiner submitted the regular weekly report of shipments* It was decided to continue our library sustaining memberships with the Franklin Institute at a cost of #25.00 per year. There being no further business upon motion the meeting adjourned* Secretary ML 000041214