A Special Meeting of the Board of Directors was held
on October 2, 1932. Present were:

                    J. Robert Wiss
                    Norman F. Wiss
                    Jerome B. Wiss

J. Robert Wiss presented figures showing the manner
in which the long continued depression had reflected itself in
loss of profits to the business, and suggested that the salaries
of officers and certain other key men be further reduced.

Upon motion of Jerome B. Wiss, seconded by Norman F.
Wiss, the motion to reduce officers' salaries and the salaries of
certain other key men, was adopted effective as of October 1st.

There being no further business, the meeting adjourned.

                                              Jerome B. Wiss Sect.