Document ykB3pQgawYby7V8qnobMkJ9Bd

Philadelphia, pa, January 18, l?4j Following ilia Annual Mooting a* Stockholders, hald a meeting and these present warat Aha newly elected Directors Bdward F, Baala loonard f, Baala J. V* Gardiner, Jr. S. French Reeves Fletcher V. Rockwell A, il. Wilson fha nesting was oallad to order By Mr. fi. F. Baala, who aotad aa temporary chairman of the meeting. Mr. A. M, Wilson reported the minutes of Aha nesting. Bpon a notion a*da By Hr. L. T. Baala, and aaaondad By Mr. J. w, Qardlnar, Aha following gentlemen were nonlnatod to serve far tB ansuing year* 1. F. Baala, Chairman of Aha Board J. W. Gardiner, Jr., Prasldont S. FranoB Reeves, Flat President and Acting Treasurer A. H. Wilson, Vlas Prasidaat and Acting Secretary 2. F. Boalo, 3rd*, Treasurer i M. H. Merritt, Searatary ' B. B. EBall, Assistant Treasurer Open nation a*da and aasondod tha noaination was closed and the secretary waa instructed te east ana Ballot for the entire list of officers. It was sored and aaaondad that the reading of the ainutes of our regular directors* meeting, held January 11, Be dispensed with, Mr* Gardiner expressed his appreciation of the cooperation and assistance rendered to him during the preceding year By the other offloors of the company,, factory personnel and associates at the general office in Hew fork Mr. Gardiner reported that in conversation with Mr. Gsaitty, he gained Aha impression that there ia little likelihood of the Manpower Commission re quiring our Mstal Plant Ae Be shut daws as Philadelphia la in Zone XI, whereas both Baltimore and Perth Amboy are in Zone X. Mr. Gardiner reported that as a result of his conversation with Mr. Harold Rowe, wo would Bo advised shortly as to the possibility of transferring, for the benefit of our California Branch, linseed Oil from our quota not actually needed by us. Mr. Gardiner presented the attached report on the activities of the Philadelphia Solder Company for the year 1942. NL 000040966 Hr. Beeves reported tbs following comparative figures for &$<^r and twelve months of l*4l and 1**2, including estimated but without including Bov York overhead! ssamem X*Ji * profit 1**1 - profit |2,4?4*8f J0,*j8.h* i ml Xf*t - profit $Xle,*%0.fJ Xf**X - profit *55,HI.I? Mr. Beeves rsported thst tho Bevy Department, through tho Cramp Shipbuilding Company, has agreed to loaso tho vacant lot adjacent to our plant on a two-year basis at 4125*00 par month* On a motion made by Hr. L, T. Beale, and sso ends a by Mr* P, W, Rockwell, Mr. 3* F. Beeves was given power to conclude this arrangement* Mr. Beeves stated that our contract with the Union expired January 15, I***?, and that negotiations wsrs now In progrsss for the renewal of tho contrast for tho ensuing year* It was duly moved and aaccnded to continue on tho Disabled Employees* list the following men* on the same basis as in the past, subject to review in another six monthst Thomas Carey Milton Bowman Felix Braesinaki M. Beeves congratulated Baalin * Company, inauranee agents for tho Bational Load Company, on the excellent service they were rendering on the insurance problems of this br&neh* Mr* Beeves stated that progress was being mads in developing methods of producing chemical* in our Dry Color Department that are of Interest to the war effort* Items of interest at the moment are Load Sulpheeyamid* and Strontium Carbonate. Mr* Beeves reported that no word had baen received as yst from tho Bavy Department regarding oar application for the irny-Bavy B award* Mr* Rockwell stated that while several of the plants of tho Bational Lead Company have received this award, no grsat effort on the part of tho majority has been mads to secure it. Mr. Rockwell stated, however, that if the award was mads to us, proper osromony, at the time of presentation, should bo accomplished in a befitting manner. Mr. Rockwell stated that in general the prospects for 1*45, were promis ing - a good year in the Oxides and Metal Departments is expected. There aarew manycontrols woiky ~ and regulations w existing now which sffect our business Doth favorably and adversely* NL 000040967 Mr, Wilsen snhnitted * sales repsrt fer the jrear 1*42, honing aonpsretivs tonnages for each department during l?4l and 102* Reporte covering earrant Linseed Oil and lino eed Meal eonmitments were presented aa well ti sen*ary of the aetivitiea of the Advertising Department and Salesmen** Activities for Ifta. Mr, Vileen knitted the weskip report of shipments for the period ending January if* There being no farther business, upon notion the mestistg adjourned A* M, Wilson, Acting *eerstary i. f WL 000040968