The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

q € S N G RAT U I"AT I O N S fficffiHffiffiY SAW*ffiG$ &rom fr"ffiero eSS0ClATlOil OFFICE R5 Dn" l.lrbam V, Comer President JsEtn J" F*euharih Executive Vice President-Treasurer Arnsld J. Rauen Vice Fresident Earl J. Krukow Secretary Rielrard W. Freund Assistant Secretary BOARD OF DIR,ECTOR.S Dr. Urban V. Corner J,ohn J. Neuharlh Arnold J. R.auen Earl J. Krukow Richard W. Freund Clyde H. Bailey Dr. Stanley A. Dowiat Harry H. Hans t-arry J. Heuielman LEGAL COUNSEL LeRoy J. Welter STAFF AAE'IABERS John J. Neuharth Earl J. Krukow Virginia Aalto Violet Gates- Virginia Sheneman { t- Pictoriol Newsletter