Document wrbKKVzvjnxr6Z1oLwxL467gJ

/\ lu Zi ^___`I 1 3M-1682 "\ t ACEMXA FDR VJCJTiTZ CCtfUTTEI ICTTIHG To be held Unr-day* Sove^iber 25th, 1929 at 5:00 P.L, at 25 tall Street. I. kiautes of previous aeetlng. II. le^is H. Brown. id) Lest week15 conference. (b; Progress of tee Rooming institute. (c) Contract corporation ia the Central Division, (d' Seles surv^.* of Auatrr-Lle. and New Lealme. ve) Tit/.glca Corporation. (f) Approval of ^75,000. for the purchase cf land fit Cincinnati. ig) Tllo Roofing Coapany. (h) Frigidcir* Contract. III. . R. Seigle: , (c) Operations in Europe: 1. Baton & Uollith 2, Johns-iianville International Corporation, (b) European cocpanles desiring to serge: 1. Turner 2. Gersan eoaptnies 5. French coapcnles IV. E. k. Voorhee*: Fibre Conduit dividends. Asbestosifi. Old airdng rights on property at Asbestos. Desirability of interviewing editor of the For^e- degatir*. Directors' Meeting December 16th. Cash. Uajor Projects Statement. Sales. October Earnings. Dividends. V. Genarel Business Conditions. 2. Deutseh Asbestwerka - This oowpany mtm tmj fine Asbestos cloth, using a new Idea In cardiac whleb Mr. Saigla la endeavoring to plaoc In effect at ooa of oar faetorlaa. Their aalaa approximate $1,000,000, and (refit runa frcai 15$ to *0$. They ara daairoua of selling u *5$ lntaraat and eoasuoe about 1000 tone of Lona Fibre per year. froo which our profit should approximate $250 par too or $250,000, thus paying for our inwestaent in laaa then two years. 5. There are two coapcaiea in France that together consume 760 tone of Fibre per year, and we could buy 1/5 interest for $250,000. Turner Bewail Co. has tried to get then. Mr. Bhitnay stated that if we could not obtain entire control that a ninori-ty Interest was just as good as a oajority. Is decided that nothing further would be done with the other coapcnies until after a decision is wade on the Turner Bewail Coopery. M. voorhees: (a) 1 regular dividend of $1.00 and an extra of $2.75 payable Bowwaber SOth. An additional $2.00 extra declared payable January 2nd, asking $5.75 per share in all. (b) Mr. Greenstone, the plaintiff's attorney, is desirous of haw ing all eases eooe to issue st one tins so that they oen be tried at one tern. This neons that the eases will not eooe up until April 1950 tern in Hecark, H. 3. Our attorney bellewes that this neans that Qreenatone is trying to get us to asks e eeah eettlanent without wwer actually going to trial. Fron the information being given an investigator, Ur. Greenstone has instigated these casta ty misrepresentation, and it would appear that sufficient evidence has been accumulated to throw the oases out of court on this basis. However, we are going through with our.Investigation end defense Just as though these suits wore going to be tried to be sure thrt we get to the bottom of this situation. (o) It appears that restrictions of 1/20 of the mining rights on certain properties at Asbestos optioned and/or owned ty JohaebanTills were newer recorded in the transfer of this property, the title of this 1/20 wining right being vested in the land eoapeny which originally purchased all the land in this vicinity froa the Crown. The attorney for this land ooaptJgr, which is a Britieh coopery, happens to be our attornv, and at his sug gestion we here offered then $7000 for the 1/20 mining rights on ell the land within a radius of a mile of Asbestos. As the directors of the land coopery are in tnglrnd no reply k: is yet been received.