Document 2JVE041zrb7ZL1ryjdB3QZ2J6

REPORT OF ".R. H H. ANDERSON RELATING TO AUDIT 0? TH2 AJfACONDA SALES COttPAffT - EAST CHICAGO. IHDIAHA JAHUART 25TH, 1935 PERIOD COVERED BY AUDIT: Cash Audit General Audit September 12th., 1933 to September 30th, 1934, Inolusite September let, 1933 to August 31st, 1934, Inolusire THE RETIRED FOR AUDIT: 17 Da/s CASH: Cash Booh Balanoe - October let, 1934 Cash on Hand - Ootober 1st, 1934 (9:30 A Detail: Cheohs: 9/24/54 9/26/54 9/26/54 9/27/54 9/27/54 9/27/54 9/27/54 9/28/54 9/28/54 9/28/54 9/28/54 9/28/54 9/28/54 9/28/54 9/29/54 9/29/54 9/29/54 Sailer. Faint 4 Tiraiih Company Genaral Paint Corporation Tha P. J. Dononna Tarniah Company Darla Paint Company, Xna. Ilian & Wilson Thompaon - Hayward Cbamiaal Company Tha S. C. Waganman Paint Storaa Company International Shoo Company H. Whlta Thompson - Eaywari Chamleal Company Conaolldatad Printing Company St. Lonia - San Franeiaso Railway Company Lillian D. Rowland St. Lonia Snrfaoor 4 Paint Company Tha S. C. Wagenman Paint Storoa Company Mlsaouri - Kansas Tszaa Railroad Company Meohanios Paint Company $ 42.00 190.80 40.09 29.55 52.62 55.41 80.19 55.46 21.00 15.77 105.44 265.20 4.52 16.15 80.19 12.55 35.41 All of tba abore chaoka wera dspoaitsd on Ootobar 1st, 1934 $ 1,053.91 ^053^91 5 1,053.91 S0TS3 RZCBITABLE - OR KARP OCTOBSR 1ST. 1954: Date Due 8/ 1/34 8/ 1/35 8/ 1/34 8/ 1/34 8/ 1/34 8/ 1/34 6/ 1/34 10/24/34 11/20/34 1/21/35 3/20/35 5/22/35 Heme Keystone Pottery Company *> Trenton, See Jersey Puritan Cosmetlos,, Ino. - St. Louis, Missouri Puritan Cosmetlos,, Ino. - St. Louis, Missouri Puritan Cosmetlos,, Ino. - St. Louis, Missouri Puritan Cosmetlos,, Ino. - St. Louis, Missouri Puritan Cosmetlos,, Ino. - St. Louis, Missouri Interest Amount si t 36.50 7.59 7.59 7,59 Si 7.59 7.62 t 74,48 TRADE ACCEPTANCES - OB HAND OCTOBER 1ST. 1934: 5/29/54 7/23/34 Lion Paint Company - Brooklyn, law Tork (Paid 10/17/34) 6i 0001192 pNVO 2 BOOKS AHD RECORDS CHECKED: CASH 300K: Footings of Cash Book Deposit Slips to Cash Book, Monthly Totals to Reports made to New York Offloe Postings to General Ledger Postings to Customers Ledger Cash Receipts in detail, as shown on Deposit Slips, to Cash Book September 12th, 1933 to September 30th, 1934, Inoluslve September 12th, 1933 to September 30th, 1934, Inclusive September 1st, 1933 to August 31st, 1934, Inclusive August, 1934 August and September, 1934 RSCAPITULATIOH OF CASH BOOK - SEPTEMBER 1ST. 1933 TO SEPT31CBSH 30TH. 1934. IHCLUSrVE: Ledger Balanoe - August 31st, 1933 # Hone - RECEIPTS: Customers Ledger Aooounts: Anaconda Lead Products Anaoonda Zino Oxide Hotes Receivable Trade Acceptances $271,056.09 527,518.26 5,725.79 . 3,206.49 807,506,63 $807,506.63 DISBURSQEHTS: Deposits made in the Continental - Illinois Bank and Trust Company, Chicago, Illinois, to the credit of the inaoonda Capper lining Company - Hew York City, Hew York, September 1st, 1933 to September 30th, 1934, InolusiTe Cheoks mailed, to Hr, James Dickson, General Auditor, for deposit in Hew York City #501,038.47 306,448,16 807,506,63 Ledger Balanoe - August 31et, 1934 # Hone JOURHAL: Examined Journal Entries and oheoked same to Journal Footings of Journal Postings to General Ledger Postings to Customers Ledger Scrutinised Journal for all.large and unusual entries September and Deoember, 1933, April and August, 1934 September and Deoember, 1933, April and August, 1934 September and Deoember, 1933, April and August, 1934 August, 1934 September, 1933 to August, 1934, Inclusive LZDGSc 2 Postings from Cash Book Postings from Journal Footings of Ledger locounts Verified Trial Balanoe, as of September 1st, 1933 to August 31st, 1934, Inoluslve September 1st, 1933 to August 31st, 1934, Inoluslve September 1st, 1933 to August 31st, 1934, Inoluslve August 31st, 1934 CUSTOMERS LEDGES: Poetings from Cash Book Postings from Sales Reoords: Anaconda Lead Products Anaeonda Lino Oxide Postings from Journal Footings of Ledger Aooounts Verified Trial Balance, as of August, 1934 August, 1934 August, 1934 August, 1934 September 1st, 1933 August 31st, 1934 to August 31st, 1934, Inoluslve PNYC 00011983 BOOKS ARP RECORDS CHECKED: (Continued) CUSTOMERS LEDGER: (Continual) Mailed Statements of Aooounts to Customers, stamped same with Auditor's Stamp and mailed in envelopes bearing return oard of General Office - Butte, Montana September 30th, 1934 SALKS RBC0RP3: Anaconda Lead Produots; Invoices to Beoord Footings of Eeoord Totals to Journal Sntrles Postings to Customers Ledger August, 1934 August, 1934 September, 1933 to August, 1934 August, 1934 Indus lve Anaconda Zinc Oxide (Akron A Bast Chicago): Invoices to Beoords Footings of Records Totals to Journal Sntrles Postings to Customers Ledger August, 1934 August, 1934 September, 1933 to August, 1934, Inclusive August, 1934 CRSPIT MBCORAIPtnO: Examined Credit Memorandums Postings to Sales Beoords September 1st, 1933 to August 31st, 1934, Inclusive August, 1934 AGSHCY STOCK RECORDS: White Lead and White Lead-in-011; Sales made through Anaoonda Salts Company from Agency Stocks Shipments to Agency Stocks Zinc Oxide ; Sales made through Anaoonda Sales Company from igeney Stocks Shipments tc Agency Stccks August, 1934 August, 1934 August, 1934 August, 1934 STATaCSSTS 0? CUSTOMERS ACC0UHT3: Examined Customers Aooounts ooverlng statements returned to the General Offlee - Butte, Montana, and the Bast Chicago Office, with notations of dlfferenees, and In each oaee I found the statement to be oorreot. In most oases payment covering the aeeount had been reeelved in the Bast Chicago Offloe after Ootober 1st, 1934, and propsr credit had been given on the books. GZWBRAL LEDGER TRIAL BALANCE - AUGUST 31ST, 1934 Sew York Office PR. f Aooounts Reeelvable 54,171.38 Aooounts Payable _______________ Carried Forward | 54,171*38 CR. t 43,755.89 10,927.42 $ 54,683.11 PNYc 0011984 4 G35RAX IDOR TRIAL BALANCE - AUGUST 3157* 1934; (Continued) Brought Forward Notes Receivable Trade Aooeptanoes Receivable White Lead Purchased White Lead in Oil Purohased Zlno Oxide Purohased white Lead Sales White Lead In Oil Sales DR, $ 54*171.30 477.96 33.75 114,185.70 34,221.06 287*247.82 Zlno Oxide Sales (490*337,,69 CR, $ 54,683.11 114*185.70 34,221.06 287,247.82 $490,337.69 CUSTOMERS L5DGSR TRIAL BALAJC5 - AUGUST 31ST. 1934: Amalgamated Paint Company American Paint and Supply Company Alpha Sign Servloe Asbestos Textile Company American Asphalt Paint Company Aoouratt Insulated Wirt Company Andorfer Long Company Akron varnish Company Alltn <4 Wilton Ansehl, Benjamin Aroo Manufacturing Company Anaconda Copptr Mining Company (lev York) Aptx Color Worka Amtrloan LooomotlTt Company Anaconda Wirt A Cable Company (Hastings) Art Stalntd Shlnglt Company Atlas Paint 4 Tarnish Company Batr Brothers Berry Brothers Company Butohtr Company, L. H. Boydtll Brothers Whitt Lead and Color Company Bovnes Company, Frank Boston Blaeklng Company Berg & Marks11 Boystn Company, Walter H. Bailey Walker China Company Booth Lumber Company, Jot Boston Insulated wire and Cable Company Banner Supply Company Boston Printing Ink Company Bruder A Sons, H. A. Brown Lumber Company Bates Paint Serrloe Company Brinks Hardware and Furniture, W. C. Boston* 5. S. Baker Brothers Paint A Tarnish Company Clement Coverall Company Colonial Works Capital Paint and Tarnish Company Carried Forward DR. CR. t1 1*180,.01 I. 934,.50 B..55 270,,00 818,.63 81,.00 40..50 121,.50 32,,62 146..62 405,.00 30,,05 584,.38 157..86 8,.55 270,.00 67,.50 405,,00 120,.31 740,.97 405.00 243,,00 270,,00 276, 00 364,,88 81,,00 84.,38 253,,14 108,.00 32,,63 56,.03 42,,75 13,.50 35,.20 34,.20 19,.25 91,,13 513,,00 270,,00 $ 9,211.84 $ 405.00 PNYC 00011985 5 CUSTOMERS LEDGER TRIAL BALAJTC2 - AUGUST 31ST. 1934; (Continued) Brought Forward Chile Exploration Company Carroll - Dunham Smith Pharmaoy Company Cook <4 Dunn Faint Corporation Canfield Company, H. 0. Consolidated Faint Company Colgate - Palmolive - Peat Company Camden Pottery Company Chemical Sales Corporation Chamberlain Paint Company Collins, Daroust Paint Company CaTnegle Steel Company . Conkling Armstrong Terra Cotta Company Clifford Company, James R. Creseent Ink A Color Company Detroit Graphite Company Devos A Reynolds Company Doldge Koren Paint Company Du Pont De Honours Company, E. I. Davis Company, H. B. Donohue Tarnish Company, ? J. Dunn A Company, J. C. Donaldson Lithographing Company Donovan Paint <4 Laoquer Company De Gregory Paint Stores Dannenbaum Paint Company Desuth Glaee Manufacturing Company Denlmer Hardware Company, R. D Denlng Color Company Egan A Hausman Company Savenson A Son Eljer California Company Ewing, T. Sari ibassy Paint Company Suston Lead Company E. A. B. Paint Company, The Fraser Paint Company Felton Sibley A Company Frenoh Wolf Paint Produets Company Firestone Footwear Company Fuller - Clarkson Company Firestone Tlrw A Rubber Company Flood A Conklin Frenoh, Williams A Grundy Goodyear Tire A Rubber Company Goldberg 4 Company, G. M, Globe Paint Works, Ine. General Sleotrio Company General Printing Ink Corporation General Paint Corporation Gladding, KoBean A Company General Paint Corporation Galloway Terra Cotta Company Gruenwald Hardware Company Good, Incorporated, James Globe Foroelaln Company Howell Company, Charles H. Hill, Kentoohel Company Hanoook Paint A Tarnish Company Holliday Chase Company Holllngthead Company, R. H. Hastings Paint Company Henderson A Johnson, Ino. Hork Paint A Chemloal Works Hotel Hew Yorker Hatfield, J. H. Hotel Lexington / Carried Forward DR 4 $ 9,211.84 332.00 21.00 785.50 2,340.00 27.00 76.50 21.00 6.50 118.50 67.50 450.90 26.00 6,55 20.25 712.50 1,065.30 84.00 345.00 2,401.50 40.50 270.00 40.50 40.50 252.00 67.50 229.50 53.87 121.50 510.00 105.00 168.84 43.38 67.50 72.60 84.00 40.50 243.00 270.00 126.00 270.00 20.25 .27 169.66 101.25 20.25 40.50 237.55 126.00 579.36 6.75 141.19 21.00 6.75 270.00 28.38 247.50 42.00 33.75 978.68 400.01 600.00 18.40 16.31 4.60 | 25,251.14 I $ CR * 405.00 125.00 25.00 555.00 PNYC 00011986 6 J7S?0M5aS LFD02R TRIAL BALANCE - AUGV5T 31ST. 1934: (Continued) Brought Forward Hewitt Rubber Corporation Hopewell China Company Interborough Rapid Transit Conpany Ideal Laboratories Jamestown Wood A Finishing Company Jim Bid It Sign Company Judson Company, Dwight R, KranJc Company, A. J. Keystone Tarnish Company Kolbe Paint Company Kentucky Color A Chemioal Company Keystone Pottery Company King'Palnt Manufatcuring Company Laolede Paint Manufacturing Company .Longman A Martinez Landers Segal Color Company Lynoh A Company, A. J. Lyons, Jim Latahaw, Mowry Merohants A Manufacturers Paint Company Mathews Paint Company Murphy Tarnish Company Marrletta Paint A Color Company Missouri Paoifio Railroad Company Mutual Paint Company Maher Company, Ban P. Malvern Lumber A Supply Company Mueller Mosalo Company Meohanlos Paint Company Maaurr A Son, John w. Mutual Paint Manufacturing Company Monmouth Paint A Tarnish forks Missouri - Kansas - Texas Railway Company Mallinite Pottery Conpany Midwest Paint Manufaoturing Company Martin Company, L. Miller, Ino., Meyer Madison A Company, George McKesson A Robbins McKesson, Langley A Mlohmels Company McKesson Western Wholesale Drug Company MoCutoheon Brothers A Quality McKesson Buffalo Brug Company liesman A Company, Fred Horfolk Paint A Tarnish Company Semite A Sons, George F. Bational Paint A Tarnish Company Borwioh Pharmaeal Company Rational Paint A Tarnish Works lew fork A Porto Rleo Steamship Company Oakley Paint Manufacturing Company Okanlte Company Omo Manufacturing Company Phelan Paust Paint Company Pierce Company, ? 0. Progress Paint Manufacturing Company Paraffine Company, Incorporated, The Parker Paint Works Pratt A Lambert Fayson Tarnish Company Premier Oil A Lead Works Presoott, 3. 3. Peoples Oil Company Pontiac Paint Manufaoturing Company Perkins Company, Dorothy Philipp Brothers , Carried Forward DR. 4 25,251.14 487.50 17.75 40.75 25.50 40.50 9.00 41.25 25.50 1,012.50 40.50 405.00 55.50 675.00 1.71 121.50 791.60 16.24 82.30 30.63 81.00 32.63 607.50 656.25 244.50 48.93 75.08 43.00 105.00 33.75 1,442.84 4.50 67.50 12.53 123.00 la.oo 16.31 153.89 13.25 318.75 25.50 20.25 65.26 12.75 24.06 1,398.94 6,56 42.00 127.50 619.11 170.50 210.00 13.50 10.13 526.50 243.00 241.50 270.00 128.75 283.50 270.00 16.31 54.00 76.99 42.27 12.75 196.25 * 38,377.51 $ $ CR. 555.00 555.00 PNYC 00011987 7 CUSTOMERS LEDGER TRIAL 3AIAJC3 - AUGUST 31ST. 1934: (Continued) Brought Forward Parker Preston A Company Pure Oil Company Phyaioians Hospital Supply Company Paragon Paint Company Pysol, Incorporated Paden City Glass Company Quinn A Sons Company, W. J. Rex Paint Company Rower Beine Paint Company Rogers Chemloal Company Ranetlte Manufacturing Company Roosen Company, H. D. Rioe Paint Works Rubensteia, J. Ruth Company, J. Royal China, Ino. Robertson Paint A Hardware Company Rubber Specialties Company Sherwln Williams Company Stewart Paint Manufacturing Company Sterling Tarnish Company Sillers Paint <S> Tarnish Company Sterling Paint Company - Speed - 0 - Lag Produets Company Simplex Wire and Cable Company Smith Chemloal A Color Company St. Louis - San Pranelsoo Railway Company Swavely Paint A Tarnish Works Squibb A Sons, S. R. Spenoer Company, ?. t. - ReoeiTsr Standard Chemloal Works, Ino. Standard Glass A Paint Company Shore A Company, H. 5. Sohulte Paint A Lacquer Company Sooony Paint Produots Company St. Louis A Southwestern Railway Company Sutcliffe Company, W.J. Sundry Employees Superior Produots Company, The Samuel Stamping A Enameling Company Thompson Hayward Chemloal Company (Kansas City, Mo.) Tibbeta - Carr Company Thomas Paint Company, A. H. Tyre Bros. Glass and Paint Company Tlmeproof Paint Produots Company Thompson Hayward Chemloal Company (St. Louis, Mo.) Triangle Conduit A Cable Company Unoolleotlble looounts; Empire China Company General Chemical A Sol-rents Company George Company, Wm. D. India Laoquer Company Lehman Brothers Miller Paint Company Ohio Tarnish Company Phoenix Paint A Tarnish Company Pruett Schaffer Chemloal Company Sanitary Earthenware Speolalty Company Standard Paint A Lead Works Tay Lo Paint Company Yomall Paint Company | .36 16.69 119,50 70.00 63.60 27,88 147.03 227,89 32,45 18.25 50.15 28.75 743.40 DR. $ 36,377.51 30 .00 97 .66 12,.75 16,.00 249,.75 162 .50 1,.13 42 .00 40'.50 .24 e!.68 697,.80 81,,00 231.,38 40,,50 119,.25 30..00 13,,50 46,.13 459,.63 920,.50 84,,00 30,.00 480. 00 862,,50 497,,46 535..75 109,.65 382,.50 202,.50 361,.50 198..00 40,.50 9.63 163.13 66.60 40.50 40.80 67.50 1,485.01 151.93 420.00 50.00 84.00 202.50 31.66 2.40 1,745.15 $ Carried Forward 50,026.00 $ CR. 555.00 555.00 PNYC 00011988 CUSTOMERS L5DG5R TRIAL BALAJTC5 - AUGUS? 31ST, 1934: (Continued) Brought Forward United Color and Pigment Company United States Stamping Company Union Paint Company Unlrersal Cheoioal Company Yaroraft Works Van4*rhllt Company, Ino., R. T. Valentine 4 Company Weber Company, F. Wage run an Paint Stores, S. C. Whitaker, Clark 4 Daniels Warner and Company, Vm. R* Waggener Paint Company Jfel.fcopf Paint Company, Henry West Paint 4 Tarnish Company Weatherhe.t 3tain*4 Shingle Company wishniok Tuipeer Company Western Sleotrle Company white Company, J* U* Whltlam Manufacturing Company Wooster China Company Waldo, Ino*, S. U. 4 P. Watson, Hallett 4 Company Wheeling Tile Company Warren Company Yarnall Paint Company Yoder and Gordon ' DR* $ 50,026.00 20.25 552.50 40*50 6.75 297,00 8*63 40*50 162.00 28*88 127.50 324.00 162,00 202*50 65*00 30*75 405.00 21.42 43.00 40*50 74.25 2*20 882.75 81.00 202*50 324*00 $ 54,171.28 CRe $ 555.00 10,372.42 $ 10,927.42 ACCOUNTS R3CIITABLS: The following Aooounts Reoeiwable as of August 31st, 1934, vers past due and remained wholly or partly unpaid at December 31et, 1934: CUSTODIES LEDGER: Jane and Remarks Last Payment Date Amount Balanoe 3/31/54 Art Stained Shingle Company Buffalo, Hew York 6/21/34 - Inroioe 958 $ 135,00 8/ 7/34 - Inroioe 1182 135,00 Hade payments of $135*00 in September, $35*0d........ ^ in Ootober, and $66*82 in Horember, 1934* Horeaber and December balance is $100*68* lov selling on eaoh order separate basis* Aotire aooount* Very slow but oolleotlble* 7/17/34 $ 40,25 270.00 Apex Color Works Hew York City, H. Y. 4/ 1/34 Inroioe 640 (Balanoe) $ 500*00 8/14/34 - Inroioe 1234 84*38 Hade payments of $370.00 from Septsber to Deoeaber, 1934. Purchase of $438*75 from September to Deoember, 1934. December balanoe $653.13* Aooount will not be permitted to inorease. Trying to make arrangements whereby future orders will be aooompanled by a partial payment on the old aooount. Considered oolleotlble* 8/31/34 100.00 584.38 PNYC 00011989 ACCOUNTS RSCSI7A3I3: CU5T0SKRS IEDGSR: {Continued) (Continued) Name and Remarks H. 0. Canfield Company Bridgeport, Conn, 3/ 1/34 - Inroioe 345 3/12/34 - Inyoioe 495 4/ 1/34 - Inroioe 342 4/17/34 - Inroioe 518 5/ 4/34 - Inroioe 891 6/ 1/34 - Inroioe 710 6/ 8/34 - Inroioe 834 7/ 6/34 - Inroioe 1261 8/ 2/34 - Inroioe 1104 $ 240,00 240,00 240,00 270.00 270.00 270.00 270.00 270.00 270.QQ Made payments of $2,610.00, and purohasee of $1,080.00, from September to Deoember, 1934, reduolng the account to $810.00. A good aooount-but usually slow. Jas. H. Clifford Company Lawrence, Mass. 5/16/34 - Inroioe S-137 $ 8.55 In hands of Fifth Arenas Proteotire Association, Hew York City, for collection. Krpeot payment soon. iauth Glass Kanufaturlng Company Brooklyn, Hew York 5/ 2/34 - Inroioe 389 5/19/34 - Isrolee 1085 6/ 5/3, - Inroioe 752 6/27/34 - Inroioe 1034 7/ 6/34 - Inroioe 1291 7/19/34 - Inroioe 1459 8/ 9/34 - Inroioe 1214 t 27.00 33.75 33.75 33.75 33.75 33.75 33.75 Reduoed the aooount to $135.00 by December 31st, 1934. Chronic slow pay* Good oredlt rating and considered a safe aooount. Egan St Hausman Company Long Island City, Hew York 3/20/34 - Inroioe 609 5/22/34 - Inroioe 1095 7/ 6/34 - Inroioe 1269 $ 240.00 135.00 135.00 Paid $240.00 in September and $135.00 in Ootober. The Horember and Deoeaber bal&noe is $405.00. Very slow. How selling on eaeh order separate basis. Considered oollectible. Henderson Sk Johnson, Ino. Gloaoe.t.r, Mass. 6/ 6/34 - Inroioe 778 $ 48.13 6/ 9/34 - Inroioe 826 6.75 6/14/34 - Inroioe 862 33.75 6/26/34 - Inroioe 558 7/10/34 Inroioe 1309 40.50 33.75 7/12/34 - Inroioe 631 40.50 7/25/34 - Inroioe 693 7/31/34 - Inroioe 971 8/ 9/34 - Inroioe 1220 40.50 33.75 81.88 8/ 9/34 - Inroioe 640 40.50 Horember and Deoember balance is $365.63. An;,old ooncern. Very slow pay but considered good. How selling on each order separate basis. Making speolal effort to reduoe the aooount. Last Payment Date Amount 6/19/34 $ 480.00 5/23/34 3.88 6/14/34 75.00 5/21/34 230.00 8/15/34 81.00 Balance 8/31/34 $2,340.00 ' 8,55 229.50 510.00 400.01 PNVC 0001199 10 ACCOUKTS RSCSITJLBL3: (Continued) CUSTOMERS LEDGER: (Continued) Name and Remarka Hastings Paint Company nest Springfield, Mass. 5/21/34 - Invoioe 435 (Balanoe) 6/19/34 - Invoioe 484 6/19/34 Invoice 918 6/25/34 - Invoioe 552 6/25/34 Invoioe 1024 7/ 2/34 Invoioe 1249 7/ 3/34 Invoioe 557 7/11/34 - Invoioe 1365 7/11/34 - Invoioe 623 7/13/34 - Invoioe 655 7/13/34 - Invoioe 1435 7/13/34 - Invoioe 525 8/ 7/54 - Invoice 1166 8/ 7/34 - Invoioe 634 8/20/54 - Invoioo 724 8/20/34 Invoiee 1350 $ 50.00 81.00 33.75 81.00 50.63 33.75 81.00 33.75 81.00 81.00 33.75 8.55 33.75 81.00 31.00 33,75 September, Ootober and Hovember purchases amounted to $238.05* Leoember balance $559.63. Chronic sloe pay* Will mate special arrangements to reduce the account. Collectible but very sloe* Keystone Pottery Company Trenton, See Jersey 7/10/34 - Invoice 1319 f 53.25 8/14/34 - Invoice 1174 2.25 Tery sloe pay. Poor credit rating. lot a desirable aooount. Erpeet to mate eelleetlon eventually. King Paint Manufacturing Company Brooklyn, See Tort 6/13/34 - Involoe 428 6/21/34 - Invoioe 500 7/13/34 - Invoioe 633 8/22/34 - Invoiee 734 8/27/34 - Invoioe 764 $ 133.00 133.00 133.00 135.00 135.00 Their letter of January 5th, 1935 states that due to poor collections they are unable to pay at present. Promise to mate a payment soon. Credit reports Indicate that most oonoems sell them on C.O.L. basis only. Someebat doubtful aooount. Xalllnite Pottery Company, Ino. Los Angeles, California 11/ 6/33 - Invoioe 1715 $ 40.50 12/18/33 - Inroio, 1566 1/ 2/34 - In-role. 241 40.50 42.00 Material delivered by 1. J. Lynoh 4 Company, our Agents, eithout oredlt approval. Cone out of business. Compromised the aooount with A* J. Lynch 4 Company by assuming half of the loss. Closed the aooount in Leoember, 1934. G. 7. Bemlts 4 Sons Eutohinson, Minn. 2/28/34 - Invoioe 88 (Balance) $ Controversy on an Item of Freight. fill be adjusted. A good aooount. 6.36 Last Payment Late Amount 8/22/34 $ 129.50 6/ 4/34 ?i,00 8/24/34 270.00 , 4/19/34 120.00 Balanoe 8/31/24 $ 878.68 55.50 673.00 123,00 6,56 PNYC 00011991 11 ACCC7BTS RZCBIVAB1S: (Continued) C'.'SrC'IZRS IZCGSR: (Continued) Name aad Remarks Orno Manufacturing Company, Inc. Middletown, Conn. S/25/34 - Invoice 1400 ____ 10.13 Deoember balanoe $30.39. Promised a payment on January 10th, 1935 but failed to make good. Somewhat doubtful account. Last payment Date Amount 6/19/34 } 18.00 F. 0. Pieroe Company Brooklyn, Hew York 6/ 1/34 - Inwoioe 6/15/34 - Inwoioe 7/ 6/34 - Inwoioe 312 440 575 40.50 40.50 40.50 8/ 2/34 - Inwoioe 8/17/34- - Inwoioe 8/22/34 - Inwoiee 604 700 742 40.50 40.50 40.50 Made payments of $81.00 in September and $81.00 in Ootober. Deoember balance is $283.50. Promise payment in full in January, 1935. Good but usually slow. Parker Paint Horke Boohester, Hew York 3/ 9/34 - Inwoioe 503 (Balanoe) $ 128.75 Made payments of $38.75 in Ootober and $30.00 in Howember. In their letter of January 3rd, 1935 they promise another payment soon. Xzpeet to make eolleetlon In full. 8/16/34 8/ 2/34 121.50 50.00 Parker Preston Company Herwieh, Conn. 10/19/33 - Inwoioe 2492 (Balanee) 30.00 In hands of Fifth Awenue Proteotire Assoelatlon, Hew York City, for oolleotion. Doubtful aooount. 7/27/34 Standard Glass <4 Paint Company Berkeley, California 2/26/34 - Inwoioe 304 3/31/34 - Inwoioe 795 5/26/34 - Inwoioe 1225 8/13/34 - Inwoioe 1180 8/20/34 - In.olo. 1362 $ 30.00 60.00 33.75 40.50 33.75 Paid $123*75 in September. The Howember and Deoember balanoe ie $249.75. A Builders Supply ooneern. Our agents, L. H. Butcher A Co., i handling the aooount. In their letter of January 10th, 1935 they promise a payment soon. How telling on C.O.D. basie only. Very slow but considered oolleetlble, 3/27/34 Tibbetts - Carr Company 8/28/34 _ Inwoioe Inrolce 139 149 42.00 42.00 4/ 2/34 Inwoioe 160 84.00 3/22/3* _ Inwoioe 6/ */3* Inwoioe 7/ 2/34 _ Inwoioe 477 562 605 42.00 42.00 42.00 Inwoioe 607 84.00 - Inwoioe 676 42.00 Payments and purohaeea September to Howember were $252.00, leawlng the balanoe at $420,00, as of Deoember 31st, 1934. Our Agents, L. H. Butoher A Company, are trying to make arrangements whereby an equal amount will be >pald on the old balanoe with eaoh dellwery on a C.O.D. baele. This oonoern laoke working capital. Hot a safe aooount. 27.50 31.25 61.00 Balance 8/31/34 $ 10.13 243.00 128,75 30.00 198.00 420,00 PNYC 00011992 12 ACCOSTS RECEIVABLE: (Continued) CUSTO?IERS LEDGER: (Continued) Name and Remarks A. K. Thomas Paint Company 7/averly, New York 7/26/34 - Invoice 2009 (Balanoe) ' $ 50,00 Has been operating under a creditors agreement ainoe August, 1934, F E Baoker appointed Assignee, Our assignment filed 8/22/34, No prospects of oolleotion in the near future. Doubtful aooount. J. C. Whitlam Manufacturing Company Wadsworth, Ohio 5/28/34 - Invoioe 419 $ 43,00 Credit reports lndlo&te that the business of this - conoern has been falling, though the ourrent assets in proportion to ourrent liabilities is still favorable. They laok working oapital. Some prospeots of making oolleotion eventually. Last Payment pat? Amount 7/ 5/34 $ 50,00 6/20/34 40.50 Balance 8/31/34 * 50.00 43.00 UNCOLLECTIBLE ACCOUNTS The following inaotlve aooounts, the status of which has been definitely established have been transferred to one aooount, "Unoolleotlble Aooounts", Some payments are expeoted on a few of the aooounts before they are charged off: - General Chemloal 4 Solvents Company Ashland, Mass, 9/ 7/32 - Invoioe 1805 $ 16,69 Went into Bankruptcy January 30th, 1933, J. I. Hanfltg appointed reoelver. Our claim filed February 9th, 1933. No assets left for distri bution to oreditore. Aooount written off in December, 1934, Wm. D. George Company, Lt'd. Los Angeles, California 6/10/33 - Invoioe 712 $ 37.50 6/28/33 - Invoioe 1010 40.50 11/17/33 - Invoioe 1731 40,50 Went into Bankruptcy In April, 1934, George Gardner appointed Reoelver, Our olalm filed April 24th, 1934. A # dividend of $5,93 was reeeived November 10th, 1934. No further dividends are expeoted. Aooount written off in Deoember, 1934. India Laoquer Company Los Angeles, California 8/19/33 - Invoioe 1958 10/11/33 - Invoioe 2344 1/17/34 - Invoioe 175 | 215.00 248,75 52,50 Lees payments Maroh, April, Juns and August $ 516,25 246,25 Operating under a Creditors Extension Agreement ainoe February, 1934, Making good progress and dividend payments of approximately 40 have been rcoeived. Expeot oolleotion in full but will be slow. 12/14/32 8/23/33 8/14/34 17.31 37.SO 65.00 16,69 118.50 270.00 .3 ACCOUNTS RECEIVABLE: CUSTOMERS LEDGER: (Continued) (Continued) UNCOLLECTIBLE ACCOUNTS: (Continued) Name and Remarks Lehman Brothers Jersey City, New Jersey 10/ 1/29 - invoice OS-4384 {Balanoe} $ 60.42 12/26/29 - Invoioe OS-4863 3.36 This Company has been operating under the direotion . of a Creditor's Committee since March 1st, 1930. A little progress has been made. Dividends of 9$ have been paid, and further dividends are expeeted, but reoovery in full is very doubtful. Last Payn.nt Date Amount 12/ 5/33 J 3.54 W. H. Miller Paint Company Dallas, Texas 10/10/33 - Invoioe 2342 11/ 1/33 - Invoice 2563 $ 4.94 4.94 11/17/33 - Invoice 2795 12.00 12/14/33 - Invoioe 2660 6.00 Owner deoeased. Estate closed. All assets disposed of and distribution made to Creditors. Final dividend of 31/ received September 24th, 1934. Aooount written off in September. Ohio Tarnish Company Cleveland, Ohio 5/ 1/31 to 10/12/31 - Ten Invoices Less amount written off in Deoember, 1933 $ 885.01 700.00 6/ 8/34 18.99 Less dividend payments of $13.99 in October, 1933 and $18.99 in June, $ 165.01 1934. 37.96 This Company went into hands of a Reoelver on November 4th, 1931. Our proof of olalm was filed February 5th, 1932, with Wm. L. Day, Reoelver. The aesets of the Company were sold ' to the Chi-Hamel Company on January 17th, 1932 for approximately $120,000.00, but they failed to fulfill their oontraot on the Installment payments and their notes have been sold to the Amerloan Asphalt Paint Company at a discount; $85,606.70 for $55 ,000.00, payable in semi-annual installments to April 1st, 1935. Dividend payments of $66.47 have been reoelved and two more small dividends are expeoted from proeeeds of sale of the business. Most of the above balanoe will be a loss. Phoenix Paint A Tarnish Company Philadelphia, Pa. 6/ 3/31 - Invoioe OS-906 (Balanoe) $ 10.39 7/15/31 - Invoioe OS-947 217.50 Bankrupt. Proof of Claim filed February 4th, 1938, with David Werner Amram, Referee in Bankruptcy. The above payment represents a 3< dividend. Some funds are available for distribution to oredltors but are held up due to litigation over olaime for wages, eto., whioh will be settled soon. A small final dividend is expeoted. Most of the aooount will be a lots. 6/ 6/32 7.05 Balance S/31/34 $ 63.80 27,86 147.03 227.39 PNYC OOOII994 14 COUNTS "SCPIVABLE: (Continued) CUST0:.!5RS LEDGER: (Continued) UNCOLLECTIBLE ACCOUNTS: (Continued) Name and Remarks Last Payment Date Amount Pruett Sohaffer Chemioal Company Pittsburg, Pa. 8/ 7/33 - Invoioe OS-1600 9/21/33 - Proteat Fees on Cheok $ 30,00 returned 2,45 This Company la having financial difficulties, and a proposed plan of re-organisation is in process of consummation. Under this plan the creditors would reoeive atook in the new organization to cover their claims. Any recovery seems very unlikely. This account was written off In Deoember, 1934* 10/16/33 $ 39,00 Sanitary Earthenware Specialty Company Trenton, New Jersey 11/ 9/32 - Inroloe OS-2275 t 18.25 Operating under a Creditor's Advisory Committee, Aooordlng to reports received no progress has been made. Ho reoovery Is expected, Aooount written off in Deoember, 1934, 11/11/32 18.25 Standard Paint A Lead Works Cleveland, Ohio 5/19/31 - Invoice 497 (Balance) $ 50.15 Went into bankruptcy In March, 1934, Ho assets for distribution to Creditors. Aooount written off in December, 1934. 11/14/33 15.00 Tay Lo Paint Company Savannah, Georgia 5/ 9/32 - Involoe 1165 I 28,75 Account In hands of Chioago Association of Credit Men for collection. Report no prospeots of reoelvlng payment, Aooount written off in December, 1934. - Yarnall Paint Company Philadelphia, Pa. 11/ 2/32 to 4/26/33 - 12 Invoioes Less: Cash payment of 5/22/33 $1,134.00 72,op 8/31/34 Less: 3 - 103C Dividend Payments $1,062.00 318,60 Have been operating under a Creditor's Extension Agreement since May 16th, 1933. Have been making very good progress* Letter of Deoember 15th, 1934 from Wa. MaoXnlght, Secretary and Treasurer, states that they expeot to eventually pay out In full. This warn a high grade oonoern with considerable capital, and present financial reports indicate a good current position. Another lOjC dividend was recslvsd on Deoember 17th, 1934, making 40jt recovery to date. Interest Is also paid with saoh dividend payment. Prospeeta of full recovery is favorable. 106.20 Balance 6/31/34 $ 32.45 18.25 50,15 28.75 743.40 PNYC 00011995