Document zzyzgLeZXOz23g0km8okRddQR

-*e %" '^ Philadelphia, Pa., January 11, 1943. At a regular seating of the Directors of John T. Lewie * Bros. Company, held this day at their offices in the Widener Building, there were presents Edward F. Beale, Chairman of the Board J. 9. Oardiner, President S. French Reeves, Tie* President A. M. Wilson, Ties President Leonard T. Beale, Director The meeting was called to ordor by Mr* Edward F. Beale, who preeidod, and Mr. A* M. Wilson reported the minutes of the meeting. The minutes of the meeting of January 4, were read and approved. Mr. Oardiner read from a letter he had addressed to Mr. Rockwell, concern ing changes in managsmsnt that had Just bean completed in our Metal Sales and Operating Departments. Mr. Reeves reported that instructions had been received from the national Lead Company to charge our account, as of December 31, 1342, with $191,564.92, representing John T, Lewie A Bros. Company's proportionate share of general office expenses during the year 1942. Mr* Reeves also stated that instructions had been received from the Rational Lead Company to credit our account with $12,000 in favor of the Linseed Oil Department, which represents the Lewis share of undistributed profits accrued during the past year by the Flaxseed Department. Mr. Reeves requested approval to allow twelve to fifteen members of the Williamson Trade School visit our factory, subject to affirmative action by Army Ordnance Department. Bo expense will be incurred by this company with regard to this trip through the factory. Mr. Reeves stated that the only basis on which the Cramp Shipbuilding Company would be Interested in leasing the unimproved lot adjacent to our factory cite would be on a two-year lease, with a monthly rental of $125*00 per month* It was unanimously approved to negotiate with the Cramp Shipbuilding Company on this basis, subject to no contrary action by Mr. Fleteher W. Rockwell. The regular report of the deliveries for the week ending January 8, were submitted by Mr. Wilson. There being no further business, upon motion the meeting adjourned. Acting Secretary. NL 000040975