SPEtCIAL  fidGOF ThE BOARD OF DIREW'U;3
OF Ha:LOCo saiFacTUI.S OMalY
v~o Riverr, Wisconsin
March 14, 1939
On this day at 11 o'clock A. M. the Board of
Directors of Hamilton Manufacturing Company met by consent
of all directors in the office of the company, in the city
of Two Rivers, Wisconsin. The meeting was called to order
by H. C. Gowran, President; W. G. Dickson, Secretary, present
and acting as such.
Roll call of directors showe't thefollowing'present
in person:
H. C. Gowran
E. P. Hamilton
H. G. Evans
W. G. Dickson
Directors J. E. Hamilton and George S. Hamilton
were not present but have alpended their signatures to these
minutes to evidence their consent to the holding of the meet-
inging and their ratification of all action taken.
The President stated that the purpose of the
meeting was to take action with reference to dividends for
the first quarter of 1939; that the latest available financial
statement showed a net profit for the first two 4-week periods
of 1939 of only about $75 and that the results of operations
for the third 4-week period were somewhat uncertain; that it
was very probable that the results for the first (-uarter would
show that no earnings were available for dividends on the