_

A SPECIAL MEETING OF THE

BOARD OF DIRECTORS OF AMERICAN TURPENTINE
FARMERS ASSOCIATION COOPERATIVE

Held, for purposes of

organizaticn for the coming

year, on April 20, 1949

At four o'clock, P.M.

In The Association's Offices

At Valdosta, Georgia

Boas Present: Judge Langdale

Mr. Newton

Mr. Stallworth
Mr. Kennedy
Mr. Rhodes.
Mr. Knabb

Mr. Reynolds
Mr. Gibson

Mr. Gillis

cA Mr. Cook

ac

bas ae *

Te President announced that the primary purpose of tke

meeting was the election of Association's officers for the

coming year; and nominations were invited for the office

of President.

Mr. Stallworth nominated Judge Langdale to be president; and
this nomination was seconded by Mr. Gillis. Mr. Newton,
temporarily in the Chair, put the question end Judge Langdale
was unanimously elected.

In response to 9 request for nominations for the office of

Vice President, Mr. Stallworth nomineted Mr. Newton; and the

nomination was seconded by Mr. Kennedy. Mr. Newton was

-unanimously elected.

Mr. Kennedy's nominations of J. Lundie Smith to be the
Association's Secretary and Mrs. Ora B. Hemmingway to be
Treasurer and Assistant Secretary were seconded by Mr. Gillis;
end the nominees were unanimously elected.

Judge Langdale then invited the attention of the Board to the
4mportance of the item of "depletion" to gum turpentine farmers
in the matter of income tax returns. Judge Langdale detailed

for the Board protracted negotietions between companies in

127

128

which he wes interested and the Bureau of Internal
Revenue, his companies claiming the right to such
depletion and the Bureau denying the claim. Judge
Langdale reported that the Bureau had mede  "test"
case within the Bureau and that the Bureau's conten-
tions had been vigorously disputed in the interests
of ell turpentine producers.
These negotiations, Judge Langdale, reported, had
finally terminated in an allowance of the claimed
depletion. Mr. Newton offered a motion trt, in view
of the test case" aspects of the matter that the
Association share the $5000.00 expense incurred by
Judge Langdale to the extent of $1000.00. The motion
was seconded by Mr. Gillis and unanimously carried.
It was the consensus of the Board that the Association
should devote its best efforts to baving this right to
dechation clearly spelled out in any new tax bill
adopted by the Congress.
There then ensued a general discussion of Association
salary levels and expenses incurred by and paid to
treveling representatives. It was moved by Mr. Stalle-
worth and seconded by Mr. Vibson that Mr. E. M. Oliver's
salary be incressed to $375.00 per month, effective
Mey 1. :
In the same connection, it was moved by Mr. Gillis and
seconded by Mr. Gibson that authority be extended to
Judge Langdale to make any adjustment in the salary
paid Mr. John Corbett, Associstion Traveling Representa-
tive, that Judge Langdale felt was warranted, provided
such adjustment should be made with the prior approvel of
Commodity and any incresse be borne from budget funds.

The motion carried.

129

It was thereupon moved by Mr. Gillis and seconded by
Mr. Knabb that the mileage being paid by Comrodity to
Association representatives traveling on official business
be supplemented to the extent of 2 per mile from Sadectaetes
funds. The motion carried unanimously.

(At this point, Judge Langdele withdrew from the meeting because
of illness; and Mr. Newton occupied the cheir.)
After es general discussion of the expenses incurred by a

ww: - committee of producers which went to Weshington in an effort

to obtein an increase in Commodity Loan levels, it was move d
by Mr. Stallworth and seconded by Mr. Kennedy that the amount
of the Association's contribution to expenses incurred by the
Committee be left to Judge Langdale's Giscretion, but that
reimbursement with respect to such expenses be made only after
the submission of expense accounts by the individuals concerned.
The motion passed unanimously.
The Board then took weenteanee of an effort being made to have
a State guper vising Inspector of Rosin appointed for the State
of Georgia. After a general discussion of desirability of such
an appointment, the motion was offered by Mr. Stellworth, end
seconded by Mr. Rhodes, expressing the sens of the Board that
no such appointment be msde, that the office was an unnecessary
one and that the general assembly should take action to abolish
the position. The motion duly passed.

The Board then cmsidered the request thet the Associstion appoint

a Committee to colleborate with a like committee appointed by th

Gum Processors! Association (composed of Dr. Dave Stallcup

end Mr. John Laws) in coopera ting with the Marketing am Research

Bureau of the Department of Agriculture in the interests of further

130

rsesrch on rosin. The motion by Mr. Kennedy, seconded
by Mr. Rhodes, that Judge Langdale and Mr. Newton cmstitute
such committee was duly put and passed.

A general discussion by the members of the Board emphasized
the opinion that the suggested conflict or competition
between this Associa tion and the Farm Bureau, of which
various Board members had heard, was both unfortunate
end unfounded. A motion by Mr. Stallworth, seconded

by Mr. Glilis, pequestes the Georgie Directors to take
whatever steps they deemed necessary to ensure close
effiliation between this Association and the Farm Bureau,
The motion was duly passed,

The Board thereupon sadopted the resolution authorizing
the Association's President, Vice President, Secretary
and Assistant Secretsry to execute any and all loan
sgreements, warehouse agreements, marketing agreements,
and other instruments and documents necessary, useful or
convenient in making available the 1949 Gum Navel Stores
Loan Program and in insuring its orderly and efficient
administration.

There being no other business to come before the Bord,

it stood adjourned.

ecretary

APPROVED:

President

131

MINUTES OF A SPECIAL MEETING
OF THE BOARD OF DIRECTORS
HELD ON WEDNESDAY, AUGUST 24, 1949
At Two O"Clock, PM,
In the Associetion's Offices
Valdosts, Georgia

Pursuant to a call by the Presidant, the Board of
Directors convened in special meeting in the Association's
offices at two o'clock, PM, on Wednesday, August 24, 1949,
There were present the following directors:

Judge Langdale

Mr. Newton

Mr. Kennedy

Mr. Gibson

Mr. Knabb

Mr. Reynolds

Mr. Stallworth

Mr. Cook

Mr. Gillis
The minutes of the last meeting, held on April 20, 1949,
were read and approved.
Judge Langdale distributed among the Directors a financial
report of the Association's Loan end Fiscal affairs reflecting
the following items:
(es) 1949 Loan Program statistics to August 23, 1949
(bo) Balance sheet of the Associati on, as of July 31, 1949
(c) Statement of the Association's income and expenses for
the period April 1 - July 31, 1949.
(a) Schedule of processor/factor dues (advertising fund)
(e) Schedule of royalty receipts from ATFA licensees
(f) Schedule of salaries paid Association personnel
(g) Schedule of travel expenses, Association personnel
(h) Analysis of expenditures for educational activities
Judge Langdale read the report to the Directors, item by item,

end a detailed discussion of various features thereof followed.

Theresfter, upon motion by Mr. Newton, seconded by Mr.Stallworth,

and duly passed, the report stood approved.

3 NR smsahipstin cn

132

Judge Langdale and Mr, Newton reported to the Board

upon # visit made by the resersrch committee (composed of
Judge Langdale and Mr. Newton for the Association and of
Doctor Stallcup and Mr. John Laws for the Gum Processors
Association) to the Faredt Products Laboratories at

New Orleans. Judge Langdale and Mr. Newton. commented at
length upon the excellent physical fecilities available
et the laboratories and expressed gratification over the
capsble and enthusiastic staff in didives of penkees
activities there.

J. Lundie Smith, the Association's Secretary and General
Counsel, tendered his resignation as Secretary of the
Associetion, explaining that, in view of the recent
employment of Mr. Ray Shirley as Loan Maneger, virtually
all of the administretive duties of the Secretary's office
fell more naturally within the scope of Mr. Shirley's
activities than within the field of the work of the
General Counsel. Mr. Smith's resignation wes accepted
and Mr. Shirley was unanimously elected Secretary of the
Association, his term of office to begin instanter.
There being no further business to come before the

meeting, it stood adjourned.

Secretary

APPROVED:

President

|

133

MINUTES OF A SPECIAL MEETING
OF THE BOARD OF DIRECTORS
HELD ON WEDNESDAY, NOVEMBER 9, 1949
At Ten O'Clock, ALM.,
In the Association's Offices,
Valdosta, Georgia
Pursuant to a call by the President, the Board of Directors convened in
special meeting in the Association's office at ten o'clock, AM, on Wed=
nesday, November 9, 1949.
There were present the following Directors:
Judge Langdale
Mr, Newton
Mr. Knabb
. Mr. Reynolds
Mr. Cook
The minutes of the last meeting held on August 24, 1949 were read and
approved.
Judge Langdale distributed among the Directors the financial report of
the Association's Loan and Fiscal affairs reflecting the following:
(a) 1949 Loan statistics to November 9, 1949
(b) Balance sheet of the Association as of October $1, 1949
(c) Statement of income and expenses for the period April 1-October 31, 1949

(d) Schedule of processor/factor dues (advertising fund schedule, April l-
October 31, 1949)

(e) Schedule of royalties revsiwed from ATFA licensees, April 1l- October 31,1949
(f) Schedule of salaries paid Association personnel

(g) Schedule of travel expenses, Association personnel

(h) Analysis of expenditures for educational eothwi lee:

Judge Langdale read the report to the Directors item by item and a detailed
discussion of the various features thereof followed. Thereafter, upon
motion tof dle. Newton, seconded by Mr. Reynolds, and duly passed, the report
stood approved.

Judge Langdale and Mr. Mewtn reported to the Board sili wierd trips to
Washington on behalf of the 1950 Naval Stores Loan Program. The status of
the proposed 1950 Loan Program was discussed. Judge Langdale reported that
officials of the Department of Agriculture had promised to make the announce-

ment of the 1950 Loan Program during the month of November. He also stated

134

that, due to the new agricultural bill being passed the last days of
the 8lst Congress and signed by the President on October 31st, the
program announcement for 1950 was delayed. Judge Langdale and Mr.
Newton explained the new agricultural law as it applies to naval
stores, the law ae sthestive Innere 1 1950. The new parity

formula under this new agricultural bill was also explained by Mr. Newton.

Judge Langdale read a letter and resolution from Mr. George Senn,
Secretary of the Naval Stores Group that met at Klantis City on

November 2nd, which dealt with acidity of cuspenti an. The Secretary

was instructed to secure information on acidity and to answer Mr. Senn's
letter. :

Judge Langdale explained the redemption features for naval stores pledged
in the Loan Program during the 1949 loan year and discussed the possi-
bility of the Association's redeeming turpentine and rosin for and on
behalf of the Association's members. He stated that the Commodity Credit
Corporation through Mr. Briggs had requested the Association to enter
into a easel oe plan if at all feasible. Judge Langdale pointed out
that only a very small amount of turpentine and rosin had been redeemed
by producers in any of the Loan Programs even though the redemption
feature has been present under need Loan Program.

The primary needs for the Association to assist and encourage redemption
through a redemption pool that might be established by the Association,
are as follows: 4
(1) Eliminate "red tape" and make redemption stocks available immediately |
to a buyer. (At the present time, approximately 10 to 15 days are re-
quired to complete a redemption.)

(2) To reduce stocks that otherwise would be carried over into the next
year thereby increasing CCC stocks.

(3) To make stocks readily available to buyers during the non-producing
months.

(4) The possibility of a small profit to producers sharing in the
redemption plan.

zy

It was stressed that the proposed plan would not make available naval
stores stocks below redemption costs; therefore, the Association nor
the producer could lose any money. A general discussion Scacsaias
redemptions and the plan as outlined by Judge Langdale followed.
Judge Langdale advised that dealer representatives had been invited
to discuss the redemption plan with the Board of Directors at two
o'clock, PM. |

The meeting was adjourned until two o'clock, PM.

At two o'clock, PM, the President called the meeting to order and the
following individuals were present representing naval stores dealers:

Dr. David Stalleup

Mr. E.W. Colledge

Mr. John Laws

Mr. Harley Langdale, dr.

Mr. Lee Powell

Mr. Glenn Robinson

Mr. A.T. Brogden

Mr. A.T. Hussey
Judge Lengdale read letters from Mr. Tom Taylor, Taylor, Lowenstein
& Company, and Mr. Nash, Columbia Naval Stores Company, concerning the
redemption proposal.
A general discussion was entered into by the Directors and the dealer
representatives regarding stocks on hand, sales demand, and other factors
concerning the sale and marketing of turpentine and rosin and the pro-
posed redemption plan. The Directors held a closed discussion concerning
the redemption plan and the dealers presented their views. Motion was
made by Mr. Newton, seconded by Mr. Cook, that the Association set up a
procedure for redemption for andoon behalf of its producer members. The
motion was unanimously passed. The Secretary, Assistant Secretary and
General Counsel were instructed to prepare letters and powers-of-attorney
for producers and to make the necessary arrangements with Commodity Credit

Corporation to set up the redemption program for producers who elect to

cooperate in it.

There being no further business to come before the meeting, it stood

adjourned.

Secretary Vy,

APPROVED:

President

A RESOLUTION

BE IT RESOLVED by the members of The American Turpentine Farmers Association
Cooperative, in special meeting assembled at Valdosta, Georgia, on this the
8th day of December, 1949:

WHEREAS, maximum benefit will accrue to producers of gum naval stores under
Commodity Credit Corporation Loan Programs, and the purpose of those programs
to insure the orderly marketing of such commodities will best be promoted by
permitting and maintaining the highest possible degree of flexibility in the
allocation of support prices to gum turpentine and gum rosin, respectively,
while preserving a fixed return to the producer on the gum naval stores unit
of 50 gallons of turpentine and 1400 pounds of rosin; and

WHEREAS, prior to the adoption of the Agricultural Act of 1949, Commodity
Credit Corporation had, by administrative determination, customarily mede
such allocations with the desirable results hereinabove noted; ani

WHEREAS, the opinion has been advanced that the provisions of the aforesaid
Agricultural Acts of 1949 do or may juhidbit the making of loans upon such a
unit basis, and impose upon such commodities, separately, the legislative
limitation of 90% of parity established by that act for "title III" commodi-
ties; and

WHEREAS, it is in all respects desirable that such uncertainties as exist
may be clarified and that the authority of the Secretary of Agriculture, the
Production and Marketing Administrator, and the Commodity Credit Corporation
to effect such loans and to make such allocations be clearly defined and
established:

NOW, THEREFORE, the premises considered, it is the unanimous opinion of
thoseumembers of this Association so assembled that our Senators and Repre-
sentatives in the National Congress be, and they are hereby, respectfully
urged to initiate and to follow through to final passage appropriate legis-
lation so amending the aforesaid Agricultural Act of 1949 as to authorize
and permit the authcrities herein mentioned and such other agencies or offi-
cials as may now or hereafter be concerned therewith, to effect loans to
Gum Naval Stores producers on the basis of a parity price for the Gum Naval
Steres unit (as hereinabove defined) equal to the sum of tho parity prices
of gum turpentine and gum rosin, the amount of such loans to be determined
by applying an appropriate percentage within the legislative limitetion to
the unit parity and thereafter allocating (from the unit loan price so
arrived at) such loan values to turpentine and rosin, respectively, as will,
in the discretion of the Secretary, best further the purposes of the loan
program.

CERTIFIED: A true and exact copy of the resolution unanimously adopted at
a special meeting of members of The American Turpentine Farmers Association
Cooperative held in Valdosta, Georgia, December 8, 1949.

This the 12th day of December, 1949.

AR. Shirley, Secretary //

A RESOLUTION =

BE IT RESOLVED by the Members of The American Turpentine Farmers Association
Cooperative in Special Meeting assembled at Valdosta, Georgia, on this, the
6th day of December, 1949;

WHEREAS, the promulgation by Commodity Credit Corporation of a 1950 Gum Naval
Stores Loan Program at only 60% of parity will result in economic disaster to
thousands of producers;

WHEREAS, this effect will, of necessity, immediately and gravely concern ad-
ditional thousands who Look for their livelihood to their employment by gum
naval stores producers;

WHEREAS, so intimately is the production of gum naval stores bound up with
the egricultural and industrial well-being of the gum producing States, that
this drastic reduction in price support levels on these ccmmodities will
seriously impair the economic welfare of the entire Southeast;

WEEREAS, 55% of the cost of producing gum naval stores is represented br
wag>s paid to laborers engaged therein; and such reduction in suppezs lovels
wil. ineviteoly result in a lowering of wages and a decline in living scnn-
derds among those workers, all.in direct contravention of the express policy
of the Congress to increase such wages and elevate such standards and

WHEREAS, such action on the part of Commodity Credit Corporation will utterly
demoraiize the world market on gum naval stores, with these results, among
others -=

That producers will be unable to exercise their rights of redemption
with respect to quantities of naval stores hynothecated to Commodity
Credit Corporation under the current Loan Program, thus leaving such
quantities indefinitely in storage as "Government Stocks";

That such "freezing" of CCC assets will prevent their conversion, by
means of redemptions, into funds usable by the Corporation in other
support opsrations 3;

That the sharp decline in market levels occasioned by the announcement
ef such a drastic reduction will seriously reduce the market values of
gum naval stores stocks now in the hands of CCC ~- in an amount not less
than seven and one-half million dollars;

That the cost to the Government of supporting Gum Naval stores prices
at the levels hereinafter requested would be actually and de ionstrably

less than that incident to the Program announced by CCC at 60% of parity;

NOW THEREFORE, the premises considered, it is the unanimous opinion of the
members of this Association assembled as aforesaid:

That Commodity Credit Corporation, in order to prevent the consequences of
its announced intention, to render a sorely needed public service to a sub-=
stantial number of our citizens, and to further the purposes for which it
has been created and maintained can and should amend and revise its proposed

1959 Gum Naval Stores Loan Program to provide price supports on gum rosin at

ninety per cent of parity.

Theat a copy of this Resolution be furnished our Senators and Representatives
in the National Congress to constitute our request to them that they employ
every means at their disposal to induce Commodity Credit Corporation to pro=
mulgate a 1950 Naval Stores Loan Program in accordance herewith.

CERTIFIED: A true and exact copy of the resolution unanimously adopted at a
Special Meeting of members of The American Turpentine Farmers Association
Cooperative held in Valdosta, Georgia, December 8, 1949.

This tha 9th day of December, 1949. Zh. LEAL,
LB 

A.R. Shirley, Secretary V

ee