Document 2ReeX92JYN4O10JV52QBrBEnp
REPORT 07 ig. H, H. ANDERSON RELATING TO AUDIT Of T?3 ANACONDA SALES :0??ANY - EAST CHICAGO. INDIANA JANUARY 235J, 1936
PERIOD COVERED 3Y AUDIT: Cash Audit General Audit
TIME RETIRED FOR AUDIT: 16 Day*
October let, 1934 to September 20tb, 1935 Septmnber let, 1934 to August 31#t, 1935
CASS:
Cash Book Balance - Septembar 20th, 1935
Cash on flawii
- Septmaber 20tb, 1935 (9:15 A.M.)
Detail:
Checks: 9/ 9/35 9/ 9/35 9/12/35 9/13/35 9/14/35 9/14/35 9/16/35 9/16/35 9/16/35 9/17/35 9/17/35 9/17/35 9/17/35 9/17/35 9/16/35 9/18/35 9/1B/35 9/18/33 9/18/35
- Fairmont flail Paper and Paint Company - State Tracking Serrlce, lac.
- Eljer-California Company - Dowdy Bros. - J. A. Baaer Pottery Company - Stewart Paint Manufacturing Ccncpany - Wiatuick-Tuapeer, lac. - Hastinge Paint Company - Dan P. Maher Paint Company - Art Stained Shingle Company, Ino. - Capital Paint and Varnish Company - J. Barenaon and Son* - Charles H. Howell and Company, Ine. * Henderson and Johnson, Inc, The B. 0* Canfield Company - Charles Enww Johnson and Company - Worth Steel Ccmpany Watch Tower Bible and Tract Society - The J, E, Barrie Ccmpany
$
All of the at?ore checks were deposited on September 20th, 1935,
40*10 6.00
225.72 7.28
207,90 110.00
26.71 111.00 256.58
20.00 240.00
92.81 240.00 213.38 240.00
55*69 43.31
5*94 273*00
$ 2,415*42 2,415*42
2,415.42
NOTES RECEIVE* - os HAND 3ZPTSM5EB 2075, 1935:
Date
8/ 1/35 8/ 1/35 8/ 1/35 8/ 1/35
Doe
9/20/35 10/20/35 11/20/35 12/20/35
2=1
Puritan Cosmetics, Inc. - St, Louis, Missouri Puritan Comnetlce, Inc. - St, Lculs, Missouri Puritan Comaetice, Inc. - St. Louis, Missouri Puritan Cosmetics, Inc. - St. Louis, Missouri
7/15/35 8/19/35
10/13/35 11/17/35
American Paint Corporation - Duluth, Minnesota American Paint Corporation - Duluth, Minnesota
Interest
6i 6i 6i 6*
6< 6*
Amount
$ 7.59 7.59 7.19 7.62
162.00 201.00
% 393.39
50QES AND RECORDS CHECKED:
CASH 3001:
Footings of Cash Book Deposit Slips to Cash Book, Monthly Totals to
Reports made to New York Office Postings to Ca&eral Ledger Postings to Customers Ledger Cash Receipts in detail, as shown on Deposit
Slips,to Cash Book
October let, 1934 to September 20th, 1935
October 1st, 1934 to September 20th, 1935 Septvber 1st, 1934 to August 31st, 1935 ' August, 1935
July 1st, 1935 to September 20tb, 1935
PNYC 00ti97 0
;0CK5 AND RECORDS CHECKED: (Continued)
CAg 5001: {Continued)
HZCAPITTJLATION 07 CASH BOOK - OCTOBER 1ST, 1934 TO AUGUST 313T, 1935:
Ledger Balance - September 30tb 1934 Receipts:
Customers Ledger Accounts: Anaconda Lead Products Anaconda Zinc Oxide
Note# Receivable Trade Acceptances
Disbursements: Deposit* sad* In the Contlaental-Illlnols Bank and Trust Company, Chicago, Illlnole, to the credit of the Anaconda Copper Mining Company - New York City, New York, October 1st, 1934 to August 31st, 1935, inclusive
Checks walled to Mr. James Dickson, Central Auditor, for deposit in New York City
Ledger Balance - Angast 31st, 1933
None
$ 186,311,03 345,213,12 1,646.94 35.00
533.206,09 533,206.09
$ 473,949.37
59.256.78
533,206,09 $ None
JOURNAL:
Examined Journal Entries and checked teas to Journal
Footings of Journal
Postings to General Ledger Pottisgs to Customers Ledger Scrutinised Journal for all large and unusual entries
Gsj^feRAL L&L*->i5:
Postings from: Cash Book ' Journal
Footings of Ledger Accwurts Verified Trial Belanoe, as of
CUSTOMERS LEDOffi:
Postings from: Cash Book Sales Records: Anaconda Lead Products Anaconda Zinc Oxide Journal
Footings of Ledger Accounts Verified Trial Balance, as of Mailed 3tat meats of Accounts to Customers, attached
Auditing Department letter and mailed In envelopes bearing return oard of General Office Butte, Montana, as of
SALES RSCCBD3:
Anaconda Lead Product :
Involoe* to Record Footings of Record Totals to Journal Entries Postings to Customers Ledger
Anaconda Zlns Oxide - (Akron end East Chicago):
Involoea to Records Footings of Records Totals to Journal Entries Postings to easterners Ledger
September and Decmaber, 1934, January, April and Augist, 1935
Septmber and Deember, 1934, January, April and Angist, 1935
Septmber 1st, 1934 to August 31st, 1935, inclusive August, 1935 and Tests September, 1934 to August, 1935, Inclusive
September 1st, 1934 te August 31st, 1935 September 1st, 1934 to August 31st, 1933 September 1st, 1934 to August 31st, 1933 August 31st, 1933
August, 1933
August, 1935 August, 1933 August, 1935 end Tests September 1st, 1934 to August 31st, 1935 Angist 31st, 1935
September 30tb, 1933
August, 1938 August, 1936 September, 1934 to Angist, 1933: August, 1935
inclusive
August, 1930 August, 1935 September, 1934 to August, 1935, Inclusive
August, 1933
PNYC 00011971
50CES AND RSCCRD5 CESCED: (Continued)
CREDIT 12^CRA.VDUK3:
Examined Credit Memorandum* Poetises to Sales Recorde
AGENCY 3T0CI RECORDS:
September 1st, 1954 to August 31st, 1935, Inclusive August, 1935
Whit* Lead and Kbits Lead-lp-Ollt
Sales mad* through Anaconda Sales Company from Agency Stocks
Shipments to Agency Stocks
August, 1935 August, 1955
Zinc Oiide:
Sales mad* through Anaconda Sale* Company from Agency Stocks
Shipments to Agency Stocks
August, 1935 August, 1935
sTmarcyrs or c u s t o me r s a c c o u n t s :
Examined Customers Accounts covering statements returned to the General Office - Butte, Montana, and the last Chicago Office, with notation* of differences, and in each case I found the statement to be correct. In most cases payment covering the acccunt had been received in the East Chicago Office after October 1st, 1935 and proper credit had been given on the books.
GEK8RAL LEDGER TRIAL BALANCE - AQG09T 31gp. 1935; Kee Tort Orfice Accounts Receivable Accounts Payable Rotes Receivable White Lead Purchased Whit* Lead-in-Oil Purchased Zinc Oxide Purchased White Lead Sale* Whit* Lead-ls-Oil Sales Zinc Oxide Sal**
DR, t
95,036.61
555,39 136,112.79
37,147.47 286,718,67
$ 555,570.93
CS, 95,187.00
405,00
136,112,79 37,147.47
286,718,67 | 555,570,93
~J3TVf*H3 T.imGWR TRIAL w at .a u c i - ATC03T 31ST. 1935:
American Marine Paint Company American Paint and ftipply Company Alpha Sign Serrioe Anaconda Chemical and Paint Company American Car and foundry Company Armitag* and Company, John L. Asbestos Textile Company Amsrican Refrigerator Transit Company Msrlcan Asphalt Faint Company Accurate Insulated Wire Company Andorfer Long Company Akron Paint and Tarnish Company Allensowu Paint Manufacturing Company Arco Company American Bank Rote Company Apex Color Works Anaconda Wire and Cable Company (Hastings)
Carried forward
% 170,46 356.25 4.28 10.92 1.51 120.00 240.00 247,50
5,390.00 144.CO 40.50 m.50
'202.50 206.25 133.13 240.00 16.27
$ 7,645.07
t
PNYC 00011972
CVCTCLSRS LZDOBR TRIAL 3ALAKCS . .JTTUDT 313?. 1935: Continued)
Brought Forward Art Stained Shingle Company rtTcbitecturai Tiling Company rrelnlg Bros., Incorporated Bauer Pottery Company, J. A. Barry Brothers Company 3utcber Company, L. H. - Ban Frstncieco Butcher Company, L. '& - Los Angeles Boyoell Bros. ".'hits Lead and Color Company Baltimore Paint and Color Company 3own.ee Company, Frank Eoatcn Blacking and Chemical Company Berg and liarkell, Incorporated Boysen Company, Walter N. Bailey - -Valker China Company Booth Paint Company, Joe Boston Insulated .fire and Cable Company Banner Supply Company Birge and Sons Company, M. E. Burkes Tropical Faint Coopany Brown Lumber Coup any Bates Paint Servlet Company Con-Ferrc Paint and Varnish Company Clement Coverall Company Colonial 'forks Capital Paint and Varnish Company Chilton Paint Company Cook Paint and Varnish Company Caldow Paint Company California Ink Company Certain-tead Products Company Cook and Dunn Paint Company Canfield Company, E. 0. Colbar Paint and Varnish Company Consolidated Paint Company Colgate - Palmolive - Peet Company
Cooper Company, Charl.es Chmaical Sales Corporation Collyer Insulated '.fire Company, Incorporated Chamberlain Paint Company Collins Daroust Paint Manufacturing Company Cerlova, Incorporated California Faience Company Clarke Paint and Varnish Company Conkllng Armstrong Terra Cotta Company Connecticut Company Detroit Graphite Company DeHart Paint and Varnish Company Debevolse Company Devos and Reynolds Company (Brooklyn) Doldge Keren Paint Company Du Pont De N'waoure and Company, E. I. Devins Paint and Tamiah Company Davis Company, H. B. Duro Paint Company Eurkea Atwood Company Donovan Paint and Lacquer Company DeGregory Paint Stores Dannenbaom Paint Company Deoxaer Hardware Company, R. D. Evans Brothers Eastern Greyhound Lines Eevenson and Sons, J* Equality Oil and Fuel Company Eaerick and Duncan Company Eastern Varnish forks Edison, Incorporated, Thomas A*
Sljer California Company Babassy Paint Company S A. B. Paint Company Eagle Pitcher Lead Company yrenob Volf Paint Prodaota Company Factory Economy Paint Store Floorshlne Paint and Vanish Company
4
DR. ;s.
i ',645,07 25.00
l,oo4.00 l,o5000
536.00 240.63 104.50 3.087.49
110.00 360.00 300.00 485.50 510.00 121.50
56.25 225.00
40.50 90.00 40.50 24.90 21.81 307.68 55.00 699.25 240.00 162.00 234.00 12.00 48.75 48.94 361.00 960.00 30.00 120.00 956.25 16.31
5.74 300.00 355.50 127.50 163.13
9.00 40.50 78.00 16.50 1,956.25 302.25 121.50 325.50 203.25 962.50 61.00 2.581.50 40.50 119.00
1.56 126.00 205.75
53.51 145.00
6.75 93.75 67.50 164.38 82.26 60.00 312.84 160.X 298.31 15.25 UO.X 41.17 49.75
6
405.X
% 30,783.73 $ 405.X
PNYC 00011973
C75TCMZP.E LEDGER TRIAL 5ALAKCZ - AUGT5T 31 ST, 1935; (Continued)
Brought Forward
Fuller - Clarkson and Company
Fulgcum and Company
Fuller Company, Y, P.
Firestone Tire and Rubber Company
Glldcen Company
Golcberg and Company, C. M.
Colden ."eat Paint Company
Carden City Pot'ery Company
Ceneral Cable Company
General Petroleum Corporation
Clooe Paint .Yorks
General Printing Ink Corporation
General Paint Corporation
(San Francisco)
Gladding - WcBean and Company
General Paint Corporation
(Los Angeles)
GaJLlaway Terra Cotta Company
General Ceramics Company
Great '.'Jeatern Paint Manufacturing Company
Globe Porcelain Company
Hotel Everett
Howell Company, Charles H
3111 - Eeotachel Company
Harris Company, J. E.
Horm&el Company, 0.
Hancock Paint and Varnish Company
Hughes and Company, R. M.
Holladay Chase Company
Holllngshead Company, R M
Eastings Paint Company
Henderson and Johnson, Incorporated
Hatfield, J. H.
Hagerstown Rubber Company
Harrison Paint and Varnish Company
Industrial Paint and Varnish Company
International Smelting and Refining Company, Line Oxide Department
International Printing Ink Corporation
International Paint Company
India Lacquer Company
Ideal Laboratories
Jonneon and Company, Charles Even
King and Company, E. and F.
Krank Company, A. J,
Keystone Brass and Rubber Company
Keystone Refining Company
Keystone Varnish Company
Eunrt Brothers
King Paint Manufacturing Company
LaFleur Brothers
Leco Paint Company, Incorporated
Longman and Martinas
Landers Segal Color Company
Lone Star Paint Company
Leriton Manufacturing Company
Lynch and Company, A* J.
Louisville Pottery Company
Lund and Pons Paint Company
Merchants nd Manufacturer* Paint Company
Marvellt# Paint Company
Uarphy Varnish Company
Meyer Brothers Drug Company
Maher Paint Company, Dan P.
Midland Chemical Company
ttifller Mosaic Company
Master Paint Manufacturing Company
Mechanics Paint Company
Mamiry and Son, John
Malllnctrodt Chemical Torts
lAstual Paint Manufacturing Company
Mlssouri-tanssJ-Tarss Railway Company
king and Stephens
McOrew Paint Manufacturing Company
McKesson and Robbins
Carried Forward
5
DR.
$ 30,760.73 *4.00 SO. 00
300.00 16.30 20,88
480.00 58.00 oO.OQ
45.00 192.50 243.00 130.50 639.00 240.00 948.53
6.00 30.00 81.13
6.00 9.00 240.00 28.38 1,833.00 267.75 786.00 15.00 42.00 60.00 756.23 576.38 16.31
240.00 168.75
3.00 40.32 26.63 300.00 170.00 12.75 96.75 ttl.00 25.50 120.00 16.31
yoo.oo
454.00 990.00 170.72
40.50 236.50 376.32
11.00 36.00 64.22 oO.OO 94.26 364.50 191.00 607.50 63.75 323.26 14.33 37.50
2.38 30.X 3,916.21 383.27 3C.CC 101.90 110.19 42.X 206.73
+05.00
I 60,188.19 405.00
pn y c 001i 974
CQSTCMBRS LEDGER TRIAL BALANCE - AOOUST 315?, 1935: (Continued)
Brought Forward McKesson Western W. Drug Company McKesson Merrill St. Louts Drug Company Mc<uade and Coopany, John Norfolk Paint and Varnish Company New England Transportation Company Nemltz and Son, Geo. F. National Adhesive Corporation National Paint and Varnish Company Norwich Fharmaeal Company New York, New Raven and Hartford Railroad Company National Lead Company National Paint and Varnish Works National Hotel Management Oakley Paint Manufacturing Company Osgood Company, Cb&rlea Okonlte Company Omega Chemical Company Omo Manufacturing Company Olson Preservative and Paint Company Phelan Fauet Paint Company Pierce Company, F. 0. Progress Paint Manufacturing Company Pays, C. G. Pacific Boas Coal Fertilizer Company Paraffins Company Parke* Paint Works
Pennsylvania Greyhound Lines Premier Oil and Lead Works Perlman Paint and Supply Company Fontlae Paint Manufacturing Company Perkins Company, Dorothy Philip Brothers Parker Preston and Company Pure Oil Company Physicians and Hospital Ripply Company Paragon Paint Company Pysol, Incorporated Pecks Pure Paint, Incorporated Pyramid Paint and Varnish Company Rlnshed Mason Company Randall Company, R. 3. Roosen Company, H. D. Rice Paint Works Jhibensteln, J. Raritan Copper Works Rising Sun Color Works Robolns Tire and Rubber Company St. Louis Surfacer and Paint Company Shenrin Williams Company Sinclair and Valentine
Sul.Ivan Paint and Wallpaper Company Sheridan Color Company Stewart Paint Manufacturing Company Strasael-Gans Paint Company Sterling Paint and Color Company Sinclair Refining Company Sterling Varnish Company Sterling Paint Company Speed-O-Lae Produets Company Simplex Wire and Cable Company St. Louis - San Francisco Hallway Company Swarely Paint and Varnish Company Spencer Company, F. X. Standard Chemical Works Standard Glass and Paint Company Southern Paint and Varnish Company Shore Company, Harold S, Seldltt* Paint and Varnish Company Schulte Paint and Lacquer Manufacturing Company Sanitary Earthenware Specialty Company Socony Vacuum Oil Company Sundry ^ployeea - Akron
Carried Forvard
5
50,162.19 * 405.CO
74.63
.13
168.75
4,216.31
11.21
6.56
240.00
850.38
69.25
429.00
105.X
209.73
37,52
126. X
17.X
30.X
25.X
X
195.X
810.X
229.X
IX.X
42.X
65.25
210.X
82.X
2.25
231.X
57.X
405.X
12.75
5,274.25
16.35
1.2X.X
12.75
223.X
976.X
42.X
40.X
405.X
28.75
553.43
X.X
356.X
50.27
IX.X
480.X
16.31
3,830.93
ai.x
70.X
36.90
1,847.X
42.X
81.X
888.75
560.48
48,13
660.X
431.25
42.X
9.X
405.X
921.X
103.75
1S.X
X.13
-120.X
40,
17,75
962.X 8,86
.
80,35..e?
tcs.oo
PNYC 00011975
;7Tr:>SR5 l e d g e r t r ia l b a l a n c e - AUGUST 31 ST, 1935: {Continued)
Brought Forward Schenectady 7amish Company Ssrnel Stamping and Enameling Company San Diego Paint Company Stafford Millar Company Thompson .'/ood Finishing Company Thompson Hayward Chsaical Company - Kansas City Trojm Powder Company Tiobetts - 'Vesterfield Paint Company Tibbetts Carr Company Tyre Bros* Glass and Paint Company Timeproof Paint Products Company Triangle Conduit and Cable Company Thompson Hayward Chemical Company - Minneapolis Uncollectible Accounts:
American Encaustic Tiling Company Keystone Pottery Company Lehman Brothers Ohio Varnish Caapany Phoenix Paint and Varnish Company United Color and Pigments Company Varcroft Works Vlall and Son* Geo* I* Valentine and Company Vita Var Corporation Walker Brothers Worth Steel Company Western Paint and Varnish Company Wisher, 0. F. Wooleey Paint and Color Company* C, A* Weiekopf Paint Company West Paint and Varnish Company Wishnick Tumpesr Company Western Electric Company White Company, 7. M. Westlnghouse Air Brake Ccepeny Whitlaa Manufacturing Company, J. C* Wooster China Company .lest Company Yarnall Paint Company York Finishing Works Yoder and Gordon
DR.
$ 72*00 83.33 63.80
109*05 227.89
$ =0,354*89
37*P0 2,867.50
42*00 12.75 15.40 L0j .09 ia.50 42.00 335.25 126,00 273.75 900,00 15.93 556,07
}
24.00
oQO.OO 162.00 1,970,00 2,799.50 180.00
43.75 550.00
2.75 202.50
67.50 =06.23
54.00 240.00
.42 170.00
41.81 10.00 37.50 702.50 18.00 OQ7.3Q
4Cc.CC
$ 95,036,61 $ 405.00
ACCOUNTS RECEIVABLE:
The following Accounts Receivable as of August 51st, 1935, were past due and raaslned wholly or partly unpaid at December 31st, 1935:
CUSTOMERS LEDGES?
Name and Remarks
American Psirnt and Supply Company
Dallas, Texas 5/13/35 6/ 6/35 6/20/35 6/ 6/35 -
Invoice Invoice Invoice Invoice
251 1032
718 1464
) 202.50 60.00 53,75 60.CO
Paid J202.50 in October and $93.75 in December, 1935.
Decraber balance $666.25. Insufficient working Capital.
Good Credit rating. A safe account but very slow pay.
Last Payment Amount
2/15/35 $ 230.13
American Car and Foundry Company
Berwick, Pa. 6/ 9/35 - Invoice 321 (3alance) Covers a freight deduction which will be adjusted.
1*51
7/15/35
24.75
Balance s/31/35 $ 556.25
l.ol
PNYC 00011976
Continued) :'mC).'ZRS LEXER; (Continued)
Nemc and Remarks
Apex Color :Vork* New York City, N. Y. ?/ o/35 - Invoice 1463 c/2o/oo - Icrolce 1740 Paid 3120,u'O la October and $120.00 la Decsnber, 1935, December balance $44c,25. Not a xood account. Cn C.O.D. basis at present and require an seditions1 pay ment on old account with eacn purchase. Expect to make collection out will be slow.
$ 120,00 120.00
Chamberlain Paint Company Scranton, Pa.
6/13/35 - Invoice 982 6/26/35 - Invoice 1252 7/17/35 - Invoice 1643 7/31/35 - Xnrolc, 1677 8/20/35 - Invoice 1700 3/31/35 - lu.olc, 1S*0
Paid $296.25 from September to December, 1935, December balance $235,50, Chronic slow pay. Not a high grade concern. Limited crealt granted.
59.25 59.25 59.25 59.25 59.25 59.25
California Faience Company Berkeley, California 7/30/35 - Ib t o Ic o 1007 Good. Expect payment soon.
9.00
DeGregory Paint Stores
Los Angeles, California
5/ 6/35 - Involca 467
* 84.00
7/ 9/35 - Id t o Ic o 875
42.00
Paid $42.00 in October. Decernc-er balance $166,00, A good
concern but occasionally very slow. Credit reports are
favorable. Expect payment in full soon.
Eastings Paint Company
.Vest Springfield, Massachusetts
6/ 5/35 - Involca 502 6/ 6/35 - Invoice 900 o/le/35 . Invoice 1132
t
6/18/35 - Invoice 690
6/25/35 - Invoice 750
6/25/35 Invoice 1222
7/ 3/35 - Invoice 3--471 7/12/35 - Invoice 885
7/12/35 - Invoice 1641
8/ 7/35 . Invoice S-528 8/14/35 - Invoice S-562 8/ 7/35 . Invoice 870
6/21/35 - Invoice 970
8/30/35 - Invoice 1078
0/ 7/35 Invoice 1446 b/21/35 - Invoice 1722
8/30/35 - Invoice 1828
Paid $111.00 In September, $111.00 in October and $110.00 in
81.00 30.00 30.00
tsl00
ei.oo
30.00 8.30
ol.OO 30.00
8.30 21.13 cl.00 40.50 el.00 30.X 30.X 12.X
Decamber. Decanber balance $642.73. Insufficient working
capital. Not a safe account. Always slow and hare considerable
difficulty la keeping the account down. Tryius to get the
account in balance and will then discontinue doing business
with them.
Kunst Brothers
San Francisco, California o/H/35 - Involca 543 6/20/35 - Invoice 609 6/ 1/35 - Invoice 528 7/31/35 - Invoice 993 7/ 9/35 - Invoice 1585 Paid $251,00 In Septmaber, $511.1X5 In January, 1936.
$ 42.X 84.X 70.X
203 .X 55.X
December balance $701,50. Paid Good account. Occasionally slow.
Last Payment
Cate
Ar.ount
=/2e/35 # 202.50
6/25/35
177,75
5/13/35
9,00
8/19/35
252.00
8/23/35
247,35
6/24/35
42.00
Balance $ 240.00
3c5.50 9.00
126.00 756,23
404.00
PNYC 00011977
CTNC' ?,-(Continued)
:c?g?.5 LEDOIR: (Continued)
Name and Remarks
.eg Paint Manufacturing Company
Brooklyn, New York
3/ 6/36 - Protest Fee
*/ 4/35 - Invoice IBS
5/14/35 - Invoice 533
5/22/35 - Invoice 6/ 6/35 - Invoice
611 508
6/21/35 - Invoice 682
6/ 7/35 - Invoice 87*
8/16/35 - Invoice 920
Paid -$303.75 In September and $270.00 in November.
$ 1.25 135.00 168.75 135.00 135.00 135.00 135.00 135.00
December
balance Soil.25. Formerly a high grade concern. Credit report*
inclcat# rrom lour to six month* slow. Not extending any fur
ther credit. Collectible,
Meng and Stephen* Company
Rochester, New York
7/18/35 - Invoice 9*1 (Balance)
$
8/ 2/35 - Invoice 138*
8/26/35 - Invoice 1738
Also invoice In Septmnber of 1*0.50 unpaid. Not a desirable
account. Making special effort to collect.
.19 55.00 55.00
Midland Chemical Company
St. Paul Minnesota
o/2*/35 - Returned Check
$
6/2*/35 - Discount
fc/2*/35 - Protest Fee
Sad Check in payment of C.O.D. shipment by Cameron Transfer
Company from Warehouse Stock. Doubtful.
11.88 .12 2.53
Geo. ?. Nemitx and Son.
Hutchison, Minnesota
2/28/3* - Invoice
88
1/22/3* - Less Cash Overpayment
Controversy on an Item of freight.
$ Adjustment will be made.
7.56 1.00
Parker Paint Wort* Rochester, New York d /12/35 - Invoice 1078 Paid $25.50 in September and $35.Qy in November, Ixpect to collect the balance. Not extending further credit.
| 82.50
Pontiac Paint Manufacturing Company
Pontiac, Michigan
6/ 4/35 - Invoice *86
$ 81.00
6/17/35 - Invoice 630
81.00
7/22/35 - Invoice 933
81.00
7/23/35 - Invoice 935
81.00
B/26/35 - Invoice 1012
81.00
Paid $81.00 in Septwber and $162.00 in October. December
balance $202.50. Business is not on a paying basis. Credit
report* show two to four months-slow. Collectible but will
not extend further credit.
Pysol, Incorporated
Hathome, New Jersey
4/ o/35 - Invoice 152
*/2*/35 - Invoice
262
5/31/35 - Invoice
*27
8/21/35 - Invoice
67*
8/29/35 - Invoice 988
Paid $124.50 In September, $250.00 in November and $500.00
in December. The December balance is $1197,00, A large
concern. Good Credit rating. Credit reports indicate
slow pay but a satisfactory accwnt.
$ *1.50 *1.50 *1.50 *1,50
310.00
Last Payment
Late
Amount
8/14/35 $ 202.53
8/ 2/35
80.81
7/ 1/35
121,50
5/2*/35
15.00
6/20/35
PI. 00
5/17/35
42.75
Balance r'31/35 $ ScC.00
110.19 14.33 6.56 82.50
*05.00
976,00
PNYC 00011978
I-t:?A5L2: (Continued) !R: (Continued)
Nine ano Rer.erks
J. Rubenstein
Corona, Long Island, New York
o/XO/55 b/2c/35 5/2S/35 c/13/30 o/13/35 7/ 2/35 7/ 2/35
=/16/35 S/16/35
-
-
Invoice Invoice Invoice Invoice Invoice Invoice Invoice Invoice Invoice
475 669 1237 616 1048 765 1391 916 1560
40.50 40.50 38.50 4C.50 38.50 40.50 38.50 40,50 3c.50
Paid $79,00 in October, $119,50 in November and 340,50 in
December, December balance $256,33, Placed on C.C.D. ba3ia,
Not a satisfactory account, Va y =rive the account to a
Collection Agency for collection.
Stewart Paint Manufacturing Company
Minneapolis, Minnesota
o/ 3/35 - Invoice 464
1 121.50
6/ 4/35 - Invoice 6/11/35 - Invoice 6/ 1/35 - Invoice
478 590 606
33.75 101.25 110,00
6/ 5/35 - Invoice 874
-10.00
o/ c/35 - Invoice 966 6/11/35 - Invoice 1042
30.00 110.00
6/12/35 - Invoice 1044
4.81
6/13/35 - Invoice 1046
110.00
6/20/35 - Invoice 1164
110.00
6/13/35 - Invoice 706
101.25
6/24/35 - Invoice 1213
220,00
7/12/35 . Invoice 887
67,50
7/ 1/35 - Invoice 1349
110,00
7/10/35 - Invoice 1631
U0,00
7/23/35 - Invoice 1697
110.CO
7/29/35 - Invoice 1B55
110.00
6/ 9/35 - Invoice 888
67.50
t/ 7/35 - Invoice 1426
110.00
Paid $832.56 from September to December. December balance
$1,703.75. A. good concern and considered a safe account,
Usually three to six month* slow.
Stressel - Cana Paint Company
Louisville, Kentucky
3/30/35 - Returned Check
40.10
8/30/35 - Discount
.40
8/50/35 - Protest Pee
2,08
Check issued to cover Invoice do6 of August 6th, 1935, In
September petition filed la the United States District Court
under Section 77-B of the Bankruptcy let. Our data Is being
filed in Jaxtnnry, 1933, Heoorery i* likely to be Tery nail.
Sterling Paint Company
Baery-rille, California
1/22/35 - Invoice 265
> 63,13
In September a Creditor* Composition Settlement Agreanent *as
signed to accept 2& of the account ae full payment. Iipect
this payment soon. Balance of the account will be charged off.
Standard Chemical .Vorks, Incorporated
.ding, Pennsylvania
5/22/35 - Invoice
5/27/35 _ Invoice _ Invoice
6/12/35
Invoice
7/ d /35 _ Invoice
7/24/35
Invoice
=/ 1/35 _ Invoice
8/14/35 - Invoice
621
1245 342 614 467
1705 630
498
$ 91.00
6,30
$.30 220,00
81.00 o32.00
Paid !>191 ,00 in 3'eptember, $97,.60 In November and $220.00 in
December. The December balance is $591.60. Not extending
further credit until the balance is paid. Has not been a
satisfactory account. Past record shows very slow pay.
Last Payment i, --y-iount
?/21/35 $ 127,13
0/19/35
260.50
S/26/35
42,53
2/20/35
50,00
7/24/35
199,30
-aiance 'ir. i, oO
1,347,56
42,53 43,13 921,50
PNYC 00011979
ACCOUNTS
Continued)
l'57C.,^T?-3 LnwQSR; Continued)
^igPA .^d Remarks
Standard Class and Paint Company
Berkeley, California
6/20/35 - Invoice 1278 (Balance)
1 13.75
7/22/35 - Invoice 1769 7/27/35 - Invoice 1691
30.00 30.00
6/24/35 - Invoice 1726
30.00
December balance 3 206.13. L. H. Butcher Company, Ban Francisco,
California is handling the account. Promised a payment recently
but, aa yet, has not been received. Considered collectible but
not a desirable account. Not extending further crealt.
Lest Parent
Date
Amount
3/27/35 $ 200.00
Balance t/31/35
$ 103,75
Southern Paint and Varnish Company Dallas, Teccas 10/27/34 - Invoice 1890 11/13/34 - Invoice 2031 11/16/34 - Invoice 2231 Paid $5.00 in Septmaber, 1935. Balance transferred to "Uncollectible Accounts" in October, 1935. Gone out of Business, Former Proprietor promises payment. Doubtful account.
$
6.00 6.00 3.00
io.OO
Tibbetts - Carr Company, Limited
Los Angeles, California
6/10/35 - Inrole, 660 (Balance)
,1.25
7/17/35 - Inrole, 849
168.00
7/ 1/35 - Inrole. 917
42.00
7/11/35 - Invoice 1015
42,00
8/29/35 - Invoice 978
42.00
Paid $167.25 from October to December, 1935. Decmsber
balance $379.75, Operating under a Creditors Agreement
since October 3rd, 1935. Charles R. Marfsl, Assignee. Our
consent to consignment of our claim presented January 10th,
1936. Business is shoving progress and ecme profit has been
made. Efforts are being made to dispose of the business as
a going concern, and prospects are favorable. A substantial
mnount of recovery is erpected.
.0 7. Wisher
can Francisco, California
o/ld/35 - Invoice 1069
Our Agent. Deduction *111 be made from Coaxnission payment.
2.75
8/23/35 6/17/35
42.75 2.75
335.25 2.75
J. C. tfhltlaa Manufacturing Company
Wadsworth, Ohio
6/1S/35 - Invoice 406
$
6/24/35 - Invoice 420
7/ 1/35 - Invoice 455
Paid $15.03 In Septsber. December balance $41.81. Placed
on C.O.D. basis. Considered c llsctlble and erpect payment
soon.
16.60 16,60
8.61
Tardsr and Gordon
Norfolk, Virginia
5/14/35 - Invoice 539
$ 121.50
6/13/35 - Invoioe 612
121.50
6/27/35 - Invoice 764
121.50
8/ 2/35 - Invoice 862
121.50
8/27/35 - Invoice 1030
121.50
Paid $121.50 in Septmabsr, $121.50 In October and $121.50 in
Decwaber. December balance $466.00. Not a very safe account.
Chronic slow pay* Credit reporte show two to six months slow.
Trying to keep the account under control. Now selling on each
order separate basis.
6/26/35 8/29/35
20.68 121.50
41.61 607.50
UNCOLLECTIBLE ACCOUNTS t
The following inactive account#, the status of which has been definitely established'; have been transferred to one account, "Uncollectible Accounts", Boas payments ars expected on a Tew of the accounts before they are charged off.
PNYC 00011980
A:COUNTS RECSI7A3LE: (Continued) .C.TCMSHS LEDGER: (Continued)
::C"LH-TtSL2 ACCOt^TTS: (Continued)
Name and Rqnarks
American encaustic Tiling Company, Limited
Kaurer, New Jersey
4/ 2/35 - Invoice 426
$ 36.00
5/11/35 - Invoice 977
36,00
This company is under process of re-organization under --
section 77-B of Chapter 6 of the Bankruptcy Act. Plan
covers a cash payment of 10$ of the claim and the balance
in common stock of the new organization at $10.00 per
ahare. Court hearing scheduled for January 17th. 1936
for approval of re-organization plan, ultimate recovery
will likely he very email.
Laat Payment
Date
Amount
Keystone Pottery Canpany
Trenton, New Jersey
7/10/34 - larole. 1319 (BalMK.)
* 44*58
7/20/34 - Is t o Io . 1174
36,50
q /14/34 - Invoice 1174-B
2.25
A voluntary petition in bankruptcy was filed April 16th,
1935. Our proof of claim filed June 24th, 1935 with C* E.
ffheelaus, Referee in Bankruptcy. A payment of $1.43 wee
received December 9th, 1935. A dividend payment Is pro
mised in January, 1936. Recovery will be very nail.
4/12/35
8,67
Lehman Brothers
Jersey City, Sew Jersey
10/ 1/29 - Invoice 03-4364 (Balance)
$ 60.42
12/26/29 - Invoice OS-4663
3.36
This company has been operating under the direction of a
Creditor's Committee since March 1st, 1930. Dividends of
9 have been paid, and further dividends are expected, though
likely to be very nail. So recent reports have been received.
12/ 5/33
3.54
Ohio Varnish Company Cleveland, Ohio 5/ 1/31 to 10/12/31 - Ten Invoice* Lees amount written off in Decmber,
1933
$ 885,01 700.00
$ 185.01
Less dividend payments of $18.99 in October, 1933, $18.99
in June, 1934, $18.99 in November, 1934 and $16.99 in
June, 1935
75.96
This company went into hands of a Receiver on November
4th, 1931. Our proof of claim was filed February 5th, 1932.
The assets of the company were sold on installment payment
plan. Final dividend of $28.49 was received OctoberTth,
1935, and the balance of the account was written off in
October, 1935,
Phoenix Paint
Vamieh Company
Philadelphia, Pennsylvania 6/ 3/31 - Invoice 03-906 (Balance)
$ 10.39
7/15/31 - Invoice 03-947
217.50
Bankrupt. Proof of claim filed February 4th, 1932, with
David Venter Amram, Referee in Bankruptcy. The above pay
ment represents a
dividend. Seme funds are available
for distribution to Creditors but are held up due to
litigation over claims for wages, ate., which have not as
yet been settled. A snail flhal dividend may be peid.
This account was written off In December, 1935.
6/ 6/35 6/ 6/32
18.99 7.05
Balance 6/31/35 $ 72.00
83,33
63.80 109.05
227,89
OT11BX3: I found the books and records of this ccapany to be in good order.
PNYC 00011981
