Our president was Lyndon Johnson. The population was 191,888,791. The high in the Dow Jones Industrial was 891; the low was 776. Our federal deficit was $316 billion. The unemployment rate was 5.7%. The average home cost was $20,500. The cost of a stamp was 5 cents. The average cost for a gallon of gasoline was 30 cents. The year was 1964, and this is when the National Association of Pipe Coating Applicators (NAPCA) was born. First meeting. L.B. Irish, a founder of NAPCA who served as the group's first president and managing director, made the following comments about the organization's inception in a letter he prepared in 1972. "The idea of the formation of a pipe coat-ers' association was talked about by leaders in the industry for years. The first constructive meeting was held in Dallas during the Southern Gas Association convention in 1964. While no records were kept on this meeting, it was approximately in April."
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