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UU228A7 LEAD INDUSTRIES ASSOCIATION 4*0 LCXINOTON AVSNUK 8 NCW YORK 17.

THIRTY-FIRST ANNUAL REPORT FISCAL YEAR ENDED OCTOBER 31st, 1948 THE GLIDDEN COMPANY GLD002798 THE CUDDEN COMPANY CLEVELAND, OHIO To the Stockholders of The Glidden Company: December 20, 1948 Tlie fiscal year of your Company that was ended October 31, 1948 presented many problems.

* Minute of a special estln of tha Board of Directors of The Olidden Company bald at the office of tba Company, 1396 Union Trust Building, Cleveland, Ohio, on Tuesday, Decenbsr 1, 1936, nt lOi30 A.W.

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LEAD INDUSTRIES ASSOCIATION.

SzNi Cost* Kea. 8-5-16 EBSEARCE DKPAETHEST.

GLIDDEN Paints are Available for Everq Surface USE THIS HANDY GUIDE The many unusual benefits of modern paints and wood finishes, made by The Slidden Company, have brought finest, easy-to-do decorating within the reach of every one.

II IWOQliW'W'WWWT1* * 0 LEAD INDUSTRIES ASSOCIATION **tetgmBtoaaftatax 60 lut 12nd 9t, NCW TOW it . m. v.

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