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Active members elected at the meeting of the board of managers, january 21, 1952
I48
THE
FRANKLIN
[J. F. I.
INSTITUTE
Income of the Fund for 1952 Interest on bonds (less amortization) Interest on bank balance
122.36 2.71
125.07
Expenses Medals, cases and certificates for award of two medals
173.00
Expenses in excess of income for the year
(
Unexpended income at January 1, 1952
47.93) 2,329.29
Unexpended income at December 31, 1952
$2,281.36
Invested as follows: $2000 U. S. Treasury 21% bonds, due 6/15/1962-67 at book vahle Cash in Fidelity-Philadelphia T r u s t Company
2,075,40 205.96 $2,281.36
/ s / H e n r y B. Allen HENRY B. ALLEN / s / John Frazer
JOhN FRAZER
Trnsl~e$
The Secretary called attention to the presence in the audience of Mr. R. T. Nalle, a descendant of the first recipient of the Elliot Cresson Medal. The President asked Mr. Nalle to rise. The President introduced Dr. John J. Grebe, Research Counselor of The Dow Chemical Company, Midland, Michigan, who spoke on "Nuclear Power and Industry." Dr. Grebe discussed the reasons why it is necessary to use atomic energy industrially, both from the point of view of its value for decentralizing industries and of producing new ones in areas not favored with low fuel costs. The approach being taken by one of the industrial teams was presented in detail. This included the reasons why they believe enough economies over currently accepted standards of costs can be produced to make it of interest for private industry to enter this field. The meeting adjourned at 9:55 P.M. with a rising vote of thanks to Dr. Grebe. HENRY B. ALLEY
Secretary MEMBERSHIP ACTIVE MEMBERS ELECTED AT THE MEETING OF THE BOARD OF MANAGERS, JANUARY 21, 1952 ACTIVE FAMILY
Elmer H. Orttung
John Janis ACTIVE
James Booth Joseph T. Braun H. Russell Brownell Rudolf E. Chope M. W. Denkin
Maylin H. Greaser Fred Hafner Raymond C. Hoersch Albin R. Jonczak William Langer
Samuel Berman '51 Elllott Curtiss '04 Mrs. John White Geary '38
Helen D. Harbinson '37 Henry S. Harris '34
Rear Admiral Logan Ramsey, USN (ret.) Walter T. Scott Carl C. Sorensen C. R. Summers, Jr. John S. Wood
NECROLOGY
Melchior H. Horn '51 Ike Lubarsky '50 Forest Ray Moulton '38
THE
FRANKLIN
[J. F. I.
INSTITUTE
Income of the Fund for 1952 Interest on bonds (less amortization) Interest on bank balance
122.36 2.71
125.07
Expenses Medals, cases and certificates for award of two medals
173.00
Expenses in excess of income for the year
(
Unexpended income at January 1, 1952
47.93) 2,329.29
Unexpended income at December 31, 1952
$2,281.36
Invested as follows: $2000 U. S. Treasury 21% bonds, due 6/15/1962-67 at book vahle Cash in Fidelity-Philadelphia T r u s t Company
2,075,40 205.96 $2,281.36
/ s / H e n r y B. Allen HENRY B. ALLEN / s / John Frazer
JOhN FRAZER
Trnsl~e$
The Secretary called attention to the presence in the audience of Mr. R. T. Nalle, a descendant of the first recipient of the Elliot Cresson Medal. The President asked Mr. Nalle to rise. The President introduced Dr. John J. Grebe, Research Counselor of The Dow Chemical Company, Midland, Michigan, who spoke on "Nuclear Power and Industry." Dr. Grebe discussed the reasons why it is necessary to use atomic energy industrially, both from the point of view of its value for decentralizing industries and of producing new ones in areas not favored with low fuel costs. The approach being taken by one of the industrial teams was presented in detail. This included the reasons why they believe enough economies over currently accepted standards of costs can be produced to make it of interest for private industry to enter this field. The meeting adjourned at 9:55 P.M. with a rising vote of thanks to Dr. Grebe. HENRY B. ALLEY
Secretary MEMBERSHIP ACTIVE MEMBERS ELECTED AT THE MEETING OF THE BOARD OF MANAGERS, JANUARY 21, 1952 ACTIVE FAMILY
Elmer H. Orttung
John Janis ACTIVE
James Booth Joseph T. Braun H. Russell Brownell Rudolf E. Chope M. W. Denkin
Maylin H. Greaser Fred Hafner Raymond C. Hoersch Albin R. Jonczak William Langer
Samuel Berman '51 Elllott Curtiss '04 Mrs. John White Geary '38
Helen D. Harbinson '37 Henry S. Harris '34
Rear Admiral Logan Ramsey, USN (ret.) Walter T. Scott Carl C. Sorensen C. R. Summers, Jr. John S. Wood
NECROLOGY
Melchior H. Horn '51 Ike Lubarsky '50 Forest Ray Moulton '38