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charge of their 21 branches. For your association, he will be the go-between for the outlying areas and the central office. He comes to us with enthusiasm for the job and its challenging problems. If we had combed the United States, we could have found no one more suitable. His name is Georgg Cordrey and he goes to work about May 15, 19-<6.

Nor,v, with Orrie Hamilton, our hard-working and efficient executive vice-president; a staff of two field men, and an office force of four, your association has the tools for achieving its legal objectives. The task tl-ris coming year will be to improve upon the accomplishments of the past year and to correct our errors. We will need to watch expenditures, because our budget rvill be a close one. If you are unfamiliar with your association benefits, call at the office at 111 West 7th St. The staff will be glad to see you and to show you around. You will be pleased witl-r this efficient organization that operates so well our insurance program, our collection service, and a multitude of other services. We oflicers appreciate the help you members have given, and above all we appreciate your goodwill. Your directors have served on committees and have attended meetings. It is their unselfish help that has made for progress. They are your unsalaried employees. We must not forget that our associate members have given us their interest and their financial support. Reciprocate-they deserve it. All of us will keep trying to improve our industry. Give us your ideas-we need them.

Your Association is moving forward in 1955. Let's be "Friendly Cooperators" and not "Unfriendly Competitors."

Thanks for the privilege of talking with you.