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Four pages: Vandiver Brown's sworn notice of a meeting of the executive committee of Johns-Manville's board, and his minutes of that meeting on June 11, 1947, chaired by Lewis H. Brown. The committee reviewed an offer from Metropolitan Life Insurance Company to lend J-M up to $25,000,000 at 2.7 percent, recommended the loan (with 20 percent offered to Mutual Life), and agreed to hold back further capital spending until the economy was clearer.
- Author
- Vandiver Brown
- Published by
- Johns-Manville
- Date
- June 11, 1947
- Library no.
- ACL Doc 25183 · asbestosclaims.law/library/25183
- Rights
- Republished under fair use for research and historical study.
Read or download
Read online Download the PDF Notice and minutes, June 1947 · 156 KB
What it shows
One of the seven kinds of project the officers would still bring forward was "Projects urgently required for safety and health, or to prevent complaints of working conditions." The lender, Metropolitan Life, was the insurer whose doctors had studied asbestos workers for the industry in the late 1920s and 1930s.
Cited on this site
Cite this document
Vandiver Brown. “Johns-Manville Executive Committee Minutes on a Metropolitan Life Loan and Limiting Capital Spending.” June 11, 1947. Johns-Manville. AsbestosClaims.Law Library, ACL Doc 25183. https://asbestosclaims.law/library/25183.
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