Document 5DY5VyQ5dRD6q1oY7XN2qYx78

H5P0RT J? MR H. H. Afl'DgRSOK' HSLA.TIKO TO AUDIT 0? 1HS AK1C0WDA 3ALBS COMPANT - BAST CHICAGO, INDUE! nOTOSIR a*TH, 19 51 PSRIOD COVSRZD 3T AUDIT: RCCKIVKO . f 1/ p 1 1331 XO > *-s 0rr. * .. Cash Audit General Audit September 17th, 1930, to September 15th, 1931, incl. September 1st, 1930, to August 31st, 1931, Incl. TT1 BiqaiHKD TOR AUDIT: IS E*ys Oath Book Belanoe - September 15th, 1931 Cash on Band - September 15th, 1931 (9j30 A.H.) Detail! Checks: 9/10/31 * General paint Corporation - Lee Angeles, Cal* 9/11/31 - m, #* George paint and lU&ltt Ooapaay, lee Angeles, Cal* t/14/31 - Chas* H. Lo*, Jr* Cempany, Louisville, ty $ 5ote: The above oheoks sere depesl$*4l t* September 15th, 1931. 433.il 43.50 I13l> wn sacu^m* T-uTa icgffrwiK. Ob Bui Saptambar 13th, l*81l 712,08 .712.06 $ 712.08 fni Paint Company Datrolt, Hlohlgan , 7/,1/31 Du. 9/21/31 Full SaptOBbar 22nd, 1931. Motor City Paint and Ihrniih Caapany Detroit, Hlohlgan _ ,, 4/11/31 bu. io/*8/si Paid Ootob.r 30th, 1931 Ladgar Bulano. - dagust Slat, 1931 TRiig icorautCM I Tol.4* Indu. trial Paint Cobpaay Tolada, Ohio , 3/11/31 Du. 7/ 4/31 lot Paid. Tranafarrad t opan aocount on Saptanbar 30tb, 1.31 - Journal Xatry *>. 14*. rrad.ri.h O'Bri.n Tarn lab Tort. Dm In gal.a, Cal. ,, 7/24/31 Du. 9/28/31 Paid Ootobar 14tb, 1*31 TBmaul, Imssrporatad Bnaklym, I. T. ,, / S/31 Du. 6/ 1/31 Paid 2200.0. OB Bapt.abar 30th, 1931 pad* 2123.78 *B Satabar 9th, 1*31 .*, Inaarporatad Treaklym, I.T. Ita af la tar. at aharg.d tala, t. Trad. 11 --j *-------ao.ouBt in array. Corraati.n is Mtab*r, 1*31 I*dar 2alnaa - lagaat hlat, 1281 r--i ------ - i*~. '3i'____ ) 477.23 5.20 $ 452.45 ( 37 ,00 174.00 383.73 3.33 680.10 PNYC 00012028 N11014 a BOOKS ATP RECORDS CHECKED: cash 30qk: Footings Deposit Slips to Cash Boole, monthly totals to reports made to New Tort Office Postings to General Ledger Postings to Customers ledger Cash Receipts in detail, as shown on deposit slips, to Cash Boole September 17th, 1930, to September 15th, 1931, incl* September 17th, 1930, to September 15th, 1931, incl. September 1st, 1930, to August 31st, 1931, incl* i.uJ3t, 19 31 August 1st, 1931, to September 15th, 19 31, incl* RECAPITULATION 07 CASH BOOK - SEPTEMBER 1ST, 1930. TO AUGUST GIST, 1931. INCLUSI7E: Ledger Balance - August 31st, 1930 RECEIPTS; Customers Ledger Accounts: Anaconda Lead Products Anaconda Zinc Oxide DI3BUasarSHT3t Deposits mde in the First Calumet Trust and Saringi Bank, East Chicago, Indiana, to the credit of the Anaconda copper Vising Company, lew Tork City, H. Y* September 1st, 1930, to February 80th, 1931, inclusive Deposits made in the Continental - Illinois Bank and Trust Company, Chicago, Illinois, to the credit of the Anaeonda Copper Vlnlng Company, Hew Tork 01ty, H. T*, ltaroh 1st, 1931, to Augist 31st, 1931, inclusive Ledger Balanoe - August 31st, 19 31 $ 819,446.03 421,032*09 $ 891,071*60 349.396.38 | Hone 640,466*18 1640,466.18 9640,468*11 | Hone J OuKhlL: Examined Journal Entries and checked same to Journal Footings of Journal postings to General Ledger Foe tings to Customers Ledger September and December, 1930, April and August, 1931 September and December, 1930, April and August, 1931 September 1st, 1930, to August 31st, 1931, incl* August, 1931 GENERAL LEDGER; postings from Cash Book Postings from Journal Footings of Ledger Accounts Verified Trial Balanoe, as of CUSTOMERS LEDGER? postings from Cash Book postings from sales Records; Ax* o on da Lead Product# Anaoonda zino Oxide Poe tings from Journal Footings of Ledger Aoocunte Verified Trial Balance, as of Kail statements of aocounts to oustcaere, stamped same with Auditor** Stamp, and mailed in envelop* bearing,General Office, Butte, Montana, return card September let, 1930, to August 31st, 1931, incl* September 1st, 1930, to August 31st, 1931, incl. September 1st, 1930, to August 31st, 1931, incl* August 31st, 1931* August, 1931 December, 1930, andAugist, 1931 Deoember, 19 30, and August, 1931 August, 19 31 *. September 1st, 1930, to August 31st, 1931 Auist 31st, 19 31 September 30th, 1931 PNYC 00012029 3 BOOKS kZ7D RECORDS CHECKED: (Continued) SALES RSCORDS l Anaconda Lead Products: Invoices to Record Footings of Rsoord Totals to Journal 2ntri.es Postings to Customers Ledger Anaconda Zinc Oxide: Invoices to Reoord Footings of Reoord Totals to Journal Retries Postings to Customers Ledger December, 1930, and August, 19 31 December, 1930, and August, 1931 September 1st, 1930, to August 31st, December, 1930, and August, 1931 1931, incl* December, 1930, and August, 1931 December, 1930, and August, 1931 Sep tember 1st, 1930, to August 31st, 1931, incl. Deoember. 1930, and August, 1931 CREDIT UEU0IANDUM3* Examined Credit Meaoianduaa Postings to Sales Reoorda September 1st, 1930, to August 31st, 1931, incl. . Deoember, 1930, and Augist, 193L AGENCT STOCK RECORDS: White Lead: Sales made through the Anaoonda Sales Ccap any from Agency Stock* Zino Oxidet Sales Bade through the Anaoonda Sales Company from Agenoy Stocks August, 19 31 Angus*, 19 31 GENERAL LEDGER TRIAL BALANCE - AUGCST 31ST, 1931 Lead in Oil ?urobased Lead In Oil Sales White Lead Purchased White Lead Sales Zlno Oxide Purchased _ Zlno Oxide Sales Accounts Beoelvable Notes Ifroeivabla Trada Aooeptanoes Receivable Aooounts Payable Hew Tork Offloe BB. 179.09 154, 229.50 895,114.38 85,411.23 488.43 660.10 514,076.75 CR. 179.09 154,229.50 395,114.38 51.00 64,502.78 514,076.75 PNYC 00012030 CUSTOMERS LEDGER TRIAL BALATCE - AUGUST 31ST, 1931 C. M. Athey Paint Company Arneeto paint Company American Paint Corporation * Atlantic Chemical Company* Anglo - American Tarnish Company Acourate Insulated Tire Company Arto Manufacturing^Company Anaoonda Wire and 'Cable Company Allen and Wilson ~ Arco Company of California Chas* E. Brown Paint Company Baer Brothers J. A. Bauer potteries J . E# Bauer Company L. H. Butcher and Company Burke Morris Paint Company Bauder mint Company Borden and Remington frank Bownes Company Bohan-Kennedy-Moren and Company * Chilton Faint Company * Clement Coverall Company Colonial Works Capital Faint and Varnish Company Central paint and Varnish Company Cook Paint and 7ami ah Company California Ink Company Colasba Company, Ine Cook China Company Cook and bine Paint Company 3* 0* Canfield Ccmpany Columbia Hills Cherln lamow Paint Company Carnation Company Colgate Palmolive peint Company Chieftan Manufacturing Company e Dewoe and Baynolds Company, Booklym, V. T. Brewea and Ernst Doldge Eoreln Paint Company E. I. DuPont De lemours Company A. Daigger and Company Devoe and Raynolds Company, Chicago, Illinois Dibble Color Works % Ditalar Color Company . Donovan Products Company* Egan and Bins--n Company Solipse White Lead and Color Company Eastern vanish Works Iverseal Manufaaturing Company Kljer California Comptny Empire China Company e Prater Paint Company > Vllton Sibley and Company fesandle and Sperle * fuehs and Isng > frenoh Wold I*lnt Produots Company fuller Clarkson Company . U. frledsas and Company flrastons Tire and mibber Company * flaaeless Paint Ccmpany * Gulden Ccmpany m 0* George Company * Crassell Chemical Company Go hi an Corporation of Hew Jersey Gotham Faint end Color Company * General Xleotrlo Ccmpany General Paint Corporation, San francisoo, California General jmint Corporation, Los Angeles, CeUforoia General Chemleal and Solvent# Company OR. $ 174.00 175.00 326.50 31.88 113.01 84.00 67.50 337.50 17.81 117.19 731.62 390.00 87.00 70.00 43.50 .04 205.65 1.044.00 122.00 390.00 17.44 977.50 2.590.00 130.50 304.50 87.00 42.00 51.00 494.88 607.50 89.06 43.50 35.65 437.50 17.81 162.38 435.00 130.50 1.532.00 250.00 162.38 a*5.oo 252.00 217.50 2.329.00 202.50 125.00 174.00 11.63 1.470.00 261.00 86.13 43.50 414.00 87.00 555.75 4.50 82.50' 1.014.00 43.50 16.50 1,783.14 72.50 33.75 547.01 51.88 17.31 Amounts Carried forward 23,746.88 PNYC 00012031 5 CUSTOMS 35 IDDGER TRIAL BAIA^CS - AUGUST 215?. 19 51: (Continued) DR. Amounts brought forward $ 23,746.88 $ Hampelen Paint and Chemical Company Eanline Brothers Chas. H. Howell Company A. C Horn and Company . Hill Hutschel Company Hancock paint and VarnlA Company H. W. Hallingshead Company Hasting# Paint Company # Hanod Brothers and Whits' International Printing Ink Corporation Jones Dabney Company William A, Juergens Company A. J. Krank Company Kolbe Paint Company Kunat Brothers Krebs Pigment and Color Company Key City Paint Manufacturing Company LaCleda Paint Manufacturing Company Lawson Eberson Paint Company la Pompadour Company Chas. E. Long, Jr. Company Lehman Brothers A. J. Lynch and Caapany Christ Lohen and Caapany Matthews Paint Company, Los Angeles, Calif* Murphy Vhrnish Company Oeo* H* Karrlll Company Mutual Paint Company Matthews Paint Company, San Franeiseo, Calif, Meyer Brothers Drug Company Midland Paint and Tarnish Caapany Monroa Ledersr and Tanalg Mutual Paint Company Dan P. Muher Company Martin Rubber Company Miller Paint Caapany Magnolia Petroleum Company McGrew Paint Company McKesson 3astern Drug Company McKesson Bronx Drug Company Norfolk Paint and Tarnish Caapany National Paint and Tarnish Company North American Paint and Chaaioal Company North Jersey Paint Company Norwich Phamaoal Company National Lead Caapany New Tork Baiting and Paoklng Company Ohio Varnlah Company Oakley Paint Manufacturing Company Frederick O'Brien Tarnish Company Phelan Faust Paint Company Porter Paint Company Progress Paint Manufacturing Camjmny Paolfio System Homes Puritan Pbarmacentioal Company . Perry and Derrioh poyson Tarnish Caapany Pramier Oil and Lead orks Peaslee Gaulbert Paint and Tarnish Caapany Phoenix Paint and Tarnish Company Pittsburg Plats Glass Company Purity Paint Company Pontiao Paint Manufacturing Company Purity Paint Products Company Rex Paint Company Rower Blene Faint Company Rinabed Mason Company } Amounts Carried forward 304.50 430.20 290.00 325.00 94.14 168.32 33.75 1,265.29 36.00 28.50 522.00 43.50 41.25 43.50 210.00 10 3*75 261.00 17.29 17.81 82.50 217.50 70.80 43.50 14.00 1,518.59 87.00 203*26 462.01 393.14 67.50 217.50 568*75 17.81 280.00 81.00 140.00 11.41 35.00 13.50 27.00 4,127.36 217.50 244.50 87.00 206.25 493.75 3,250.00 69 6.00 541.00 43.50 652.50 130.50 43.50 130.50 174.88 41.40 523.14 261.00 336.87 234.94 17.06 65.00 130.50 260.00 43.50 217.50 217.50 | 45,981.18 % CR. 51.00 51.00 PNYC 00012032 6 CUSTOMERS LEDGER TRIAL 3AIAUCS - AUGUST 315T, 1931; (Continued) / DR, Amounts brought forward 4 45,921.18 Reliance Tarnish Company Ranetlt Manufacturing Company Reality paint Company H. D. Roosen Company The Reohitln Paint Company Roe sob enamel tenge Company Sherwin Ulllaoe Company Sinclair and Valentine Standard Paint and Lead Company Standard sanitary Manufacturing Company Stevart Paint Manufacturing Company Sillers Paint and Tarnish Caapany Standard Varnish works Smith Chemical and Color Works F. K. Spencer Company John G. Lagg, ReooiTwr, F. 5, Spencer and Company Standard Glass and Paint Company John H. Shearman Company Seldlltz paint and Tarnish Company Schulte Paint and Laoquer Company Standard Products Company Straw Produots Chemical Company Standard Earthenware Specialty Company Thompson Hayward Chaloal Company Texas Printing Ink Ccapany Thomson Wood and Finish Company Tibbetta Wssterfield Company Tibbetta-Carr Company I. H. Thomas Paint Company Toledo -Industrial Paint Company Timeproof Paint Products Company Trenton potteries Varoraft Works Tadeoo sales Corporation Tansul, Ino. Tois&n Perfumer Yoddan and Gay Paint Company Wadsworth Howland Company Waterproof Paint and Tarnish Company Whittaker Clark and Daniels wm. B. Warner and Company Wslshaft Paint Company West Paint and Yarn!A Company Willmor Paint Company Joseph V, Wearer watrous Vdrnlah Company Weetem aieotrio Company J. H. Wfclte Company Tamall Paint Company Tatea Haslett Paint Company 43.50 7.25 .35 333.84 43.50 10.13 1,116.88 217.50 478.50 216.75 734.75 923.00 56 5.50 560.25 4,841.33 435.00 105.00 67.50 101.25 130.50 43.50 87.00 39.50 * 149.9 7 17.81 130.00 33.75 87.00 105.00 87.00 140.00 41.75 84.60 945.00 465.75 13.75 45.50 87.19 217.50 264.00 135.00 35.63 617.19 195.50 268.00 200.00 325.00 21.00 1,139.38 43.50 Total | 63,411.23 o $ :b. 51.00 * 51.00 PNYC 00012033 7 PUNTS 5SC5I7A3L5: The following accounts receivable as of august 2. st, 19.31, were past due and remained wholly or partly unpaid at November 23rd, 1931. Customers Ledger: American Paint Corporation Duluth, Minnesota 6/10/31 Invoice 8/22/31 7/ 1/31 7/ 9/31 7/18/31 7/31/31 590 728 811 853 9 55 1031 $ 130.50 87,00 130.50 217.50 130.50 130. 50 Last payment Date Amount o&lance 8/31/31 8/24/31 $ 675.00 $ 826.50 Occasionally slow from 30 to 60 days* A good custccier and considered reliable. Charles H. Brown Paint Compa ny Brooklyn, N. T. 8/22/88 Invoice 2571 9/22/30 1556 10/10/30 1201 10/16/30 1710 lo/as/so 1755 11/ 5/30 1284 11/ 3/30 1830 Protest Fees 2/25/31 $ 6.36 - Balance 150.00 Balanc. 93.00 233.75 6 2.50 9 3.00 62.50 30.61 30.00 731.62 Bankrupt and assets of vary little value available. Cl&iit filed Septoober 14th, 1931. Prom correspondence with Itr. A. D. MoDougall, Trustee, the indloations are that there will be no dividends* Consider the account a complete loas. Burice - Morris Paint Company Orlando, Florida 3/19/31 Invoioe 339 $ 43.50 6/15/31 43.50 43.50 Considered collectible but very slow. Made a payment of $33.50on September 21st, 1931. -ohn Kennedy Moran Company Los Angeles, California 5/11/31 Invoioe 591 7/ 6/31 361 7/ 6/31 03-1411 $ 43.30 43.50 33.00 6/15/31 43.50 122.00 A ohronio slow account. Peoeived payment of $43.50 in October and $35.00 in November, reduoing the account to $43.50. fill pay but are always slow. Capitol Paint and Tarnish Company Brooklyn, 5.. T. 5/ 7/31 Involce 913 5/13/31 997 5/28/31 1369 6/ 4/31 888 6/ 9/31 948 6/22/31 1140 7/ 8/51 1399 7/10/31 1455 7/23/31 1581 8/ 7/31 1314 8/34/31 1564 $ 260.00 260.00 260.00 125.00 860.00 860.00 260.00 185.00 860.00 860.00 860.00 This ocapamy has a good credit rating, but are usually about 60 days behind in pay ing their aooount. - 8/ 3/31 1,030.00 2,590.00 PNYC 00012034 A.CCOVNTS BYCIIVABLB: Custasera Ledger; (Continued) (Continued) Central Faint and Varnish Company Brooklyn, Hew York 6/23/31 Invoice 740 7/13/31 901 8/21/31 936 $ 43,50 43.50 43.50 i. chronic alow pa7 account but considered reliable, .deceived a payment or $87*00 on Ootober 19 th, 1931. Cook Chinn Company Tranton, H. J. 9/13/38 Invoioa 2736 i si.oo Bankrupt. Claim filed October 15th, 1929. No prospects of a dividend, k bad aocount. Drewet and Ernest Philadelphia, Pa. 4/ 2/31 Involo. 4/21/31 3/ S/31 6/ 9/31 8/10/31 190 374 525 584 830 $ 87.00 87.00 87.00 87.00 87.00 This company is always alow in paying their account. Our Sales representative, *r. B. V. Brown, has been trying to colleet the account and thay hare promised a payment toon. Igan and. Bausman, Lao, Long Island, New York 6/ 8/31 Inroioe 6/30/31 7/ 1/31 7/ 2/31 7/ 6/31 7/25/31 7/25/31 7/29/31 8/ 1/31 8/10/31 8/18/31 8/34/31 8/85/31 8/31/31 8/31/31 936 1246 79 9 801 OS 1331 997 03 1615 lots 604 03 1360 914 03 136ft 98ft 03 164ft 1047 | 130.00 130.00 130.50 130.50 130.00 130.50 130.00 130.50 130.50 317.50 130.50 130.00 130.50 317.50 130.50 k large customer. Hare a good credit rating but their aocount is usually past due about 60 days. Considered a good account. Empire China Company Burbank, California 10/87/30 Inroloa 1377 $ 11.63 Bankrupt. Proof of olaia filed Ootober 12th, 1931. Indications are that a email dirldend will be paid soon* 8 Last Payment Date-" Cnount 7/24/31 130. 50 Balance e/31/31 130.50 51.00 8/13/31 87.00 435,00 8/14/ 31 1,045.00 a, 329.00 11.63 PNYC 00012035 ACCOUNTS RSCSIVA3LS; (Continued) Cust-mers Ledger: (Continued) Frazer Paint Company Detroit, Michigan 6/ 4/31 Invoi ce 6/ 5/31 6/ 9/31 6/23/ 31 6/24/31 7/ 6/31 7/13/31 7/15/31 3/ 4/31 8/ 5/31 494 516 580 712 736 831 895 919 814 820 $ 168.00 310.00 168.00 126.00 126.00 168.00 126.00 126.00 126.00 126.00 Usually alow but considered good. Reoeived a payment of $594.50 on November 16th, 1931, and two notes for the balance payable in 30 day* and 50 days with interest at 6$, in terest payable from dates of invoices. Fuller - Clarkson, Inc. Berkeley, California 5/25/31 Invoice 7/ 9/51 769 873 $ 43.50 45.50 Very slow, but considered collectible* M. Friedasn and Company Oakland, California 6/ 2/31 Involoe 6/12/31 7/ 1/31 7/13/31 8/10/31 8/13/31 8/25/31 548 67. 815 . 915 674 954 968 * 42.75 85.50 85*50 85*50 85.50 85.50 85.50 Always alow pay but reliable. A payment of $299.25 received Ootober 10th, 1931 Flaaeless Paint Ccopany Philadelphia, pa. 5/ 8/31 Involoe 5/ 8/31 . 567 OS- 989 $ 42.00 40,50 Aocount placed in hands of the Chicago Association of Credit Men for collection. In their letter of November 12th, they state that a payment of 40. 50 has been received and that the debtor promises to pay the belanoe very soon. General Chealo&l and Solvents Company Ashland, Mass* 6/25/31 Invoice 1220 $ Bo response to statement or letters* Considered a doubtful account. 17.31 Krebs Figment and Chemloal Company Newport, Del. 10/15/30 Involoe 03-1740 $ 103.75 This Involoe oovers material shipped to Simon Gohd and Sons, Newark, N.J. on order of the Krebs Pignent and Chemical Company, who have not been able to make oolleotion, and there seems to be a question of responsibility for the aocount between them and oup District Sales Manager, D. M Tobey. The aooount is not oolleotlble and we may be compelled to assume the loss* Last Payment Da te Amount 3slanee 8/31/31 8/10/31 3 124*50 , $ 1,470.30 7/22/31 43.50 87.00 8/34/31 259.50 555.75 82.50 17.31 103.75 PNYC 00012036 ACCOUNTS R3CSI7A3LB: (continued) Custopers Ledger: (Continued) Lapompadour, Ino. Minneapolis, Minnesota a/21/31 Invoice OS-1496 $ 82,50 Chronlo slow pay. Have a fair credit rating, considered good. Lehman irothera Jersey l-lty, N. J. 10/ 1/39 Invoice 13/26/39 4384 67,50 4363 3.30 This company has been operating under the direotion of a Creditors' Committee since March 1st, 1930, and the time limit for the payment of its debts was set for February 1st, 19 31* A further extension of time was made to February 1st, 1933* The committee has made seme progress in strengthening the financial condition of the oompany but payment of accounts in full Is still very doubtful. Mutual Paint Company . Paul, Mlnne.ot. 5/18/31 Inroloe 5/35/31 5/27/31 6/ 2/31 6/ 6/31 6/ 8/31 6/ 8/31 6/15/31 6/15/31 7/ 8/31 7/32/31 8/17/31 651 731 OS-1219 53# 03- 853 OS- 998 564 OS-1008 636 08-1351 03-1539 03-1440 $ 43.50 43*30 33*73 43*50 31.88 33*78 43.50 33.75 43.50 33.75 33.73 43.88 Sot extending further oredit* An arrange ment has been in effect during the last year whereby they pay 35$ additional on each purchase to apply on the old aooount, and considerable reduction in the account has been made on this basis* Consider the company reliable and expeot to oolleot the account in full but will be very slow. Midland Point and Y.rnlih Company Clsnlacd, Ohio. 5/19/31 Inrolc. 6/ 6/31 665 578 6/18/31 674 7/16/31 699 8/13/31 678 | 43.50 43.50 43.50 43.50 43.50 No further credit being given, yaking oooeslonal payments. Paid $43.50 on Ootober 15th and $43*50 on November 13th* Sxpeot to make collection in full but will be slow* 10 Last Payment Das* amount 3a la nee 8/31/31 6/39/31 $ 83.50 $ 82.50 8/18/31 33.75 70.88 . 8/29/31 54*00 462*01 - 43.50 217.50 OOOA^OSf PNVC ACCOUNTS HZCSI7A3LE; (Continued) Customers Ledger: (Continued) >rfoik Paint and Tarnish Conpa ny Atlantic, Mass. 5/25/31 Invoice 119 5 $ 335.00 6/ 1/31 5/ 2/31 846 32 5.00 522 186.00 6/13/31 620 126.00 6/13/31 986 325.00 6/2a/31 1152 325.00. 7/ 1/31 130 5 412.18 7/14/31 1451 325.00 7/23/31 1551 325.00 7/33/31 1631 325.00 8/ 7/31 1318 325.00 8/13/31 1410 325.00 8/21/31 6/27/31 1530 1614 325.00 87 ,1Q 8/37/31 998 126.00 This company has & good credit rating but are always slow pay. A substantial payment received in November. Con sidered a good aooount. Ohio Tarnish Company Cleveland, Ohio 5/ 1/31 InTOlo. 3/37/31 6/13/31 6/30/31 8/19/31 8/34/31 465 739 630 704 918 958 } 130.30 ai7.so 130.50 130.30 43.50 43.50 This company has been operating under a creditors agreement and on September 29th, 1931, three representatives from among the creditors were plaoed on the Board of Directors of the Ohio Tarnish Company. The operations hare not been successful and the creditors committee recommend that a receiver be appointed to protect the assets of the company* Ma. L. Day was appointed on November 4th, 19 31. The company has considerable assets and a fair dividend should be paid. Progress Paint Manufacturing Company Louisville, Ky. 7/27/31 Invoioe 995 $ 43.50 A very slow account but is considered collectible. Phoenix Paint and Garnish Company Philadelphia, Pa. . 6/ 3/31 Invoioe OS- 906 7/15/31 OS- 947 $ 17.44 E17.50 Save had no response to over due letters. R. H. 3ro*s, oalee Manager of our Philadelphia Office, has the account for collection. ' Considered a reliable firm, but usually slow. 11 Last Payment Date Amount 6/22/31 $ 1,186.18 3alance 8/31/31 ) 4,127.36 3/11/31 55 8.00 696.00 3/16/31 43.63 43.50 7/10/31 65.00 234.94 ' * PNYC 00012038 ACCOUNTS R3CDI713LZ: (Continued) Customers Ledger: (Continued) Purity Paint Products Company Brooklyn, N. Y. 6/17/31 Invoice 1054 7/14/31 1+41 8/ 5/31 1310 8/17/31 1450 i 65.00 65,00 65*00 65*00 Considered a good account. Occasionally slow pay* Received payments on aocount of $325*00 in November* Roweri Beine Paint Company St. Louis, Ho. 6/10/31 Invoice 8/ 1/31 650 806 $ 8?.00 150.50 JL ohronio slow pay account* Letters of October 15th and November 5th have brought no results as yet* . John H. Shearman Company New York City, S. Y* 5/11/31 Invoice OS- 987 $ 67.50 Made a payment of $15.,00 on Ootober 19th* con' sidered a good moral risk but is not &bl to pay at present, , 0* Roosen Company Brooklyn, Hew York 7/ 3/SL Invoice 7/14/31 7/20/31 7/28/31 7/85/31 7/29/51 7/31/31 3/10/31 8/15/31 8/13/31 8/21/31 8/25/31 8/31/31 03-1323 03-1447 03-1543 03-1573 OS-1619 03-1669 OS-1689 OS-137* OS-1436 OS-1456 03-1532 03-1566 03-165* * 63.73 63.75 63.75 63.75 63*75 63.75 62*25 *5.94 51.88 51.88 51.88 51.88 155.63 Thi s company has always paid promptly until this fall* JL substantial payment received In Bovcmber. 4. good account. P. S. Spencer Company New B4vea, Conn". ' Interest added to Trade Acceptance 1 68.53 6/18/30 Involoe 786 697.50 5/24/30 03-1034 622.50 6/87/30 811 697.50 7/ 9/30 858 465.00 7/12/30 03-1140 415.00 7/ 24/30 9*0 465,00 8/12/30 980 465.00 8/38/30 1037 465.00 9/11/30 1068 465.00 10/ 7/30 (Protest ?) 1167 2.04 Interest 19.16 Bankrupt* Claim filed with John 0* Legg, Receiver, February 16, 1931, which was allowed for $4,778*30; obarge of $62.63 for interest was not allowed* Initial dividend of 5% - $838*94 reoelred September 2nd, 1931. Reports show profitable opera tions under reoeivership. Prospects for payment in full are favorable* 12 Last Payment Date "SHount Balance a/31/31 6/ 3/31 $ 65*00 $ 260.00 6/11/31 07,00 217.50 5/19/31 67*50 67.50 8/13/31 159*3B 833.84 9/11/30 697.50 4,841.33 PNVC 00012039 Customers Ledger: (Continued) Stewart paint Manufacturing Company Minneapolis, lilnn. 5/15/31 Invoice 617 5/19/31 5/23/31 661 717 6/11/31 61* 6/18/31 698 7/10/31 877 7/31/31 9 36 8/ 1/31 808 8/18/31 8/15/31 03-1388 03-1*86 $ 86.10 86.10 86.10 86.10 86.10 86.10 86.10 86.10 35.40 10.35 This company has a good credit rating, but are usually slow from 60 to 90 days, Re- diieed the aooount $172.20 In Ootober* Considered good* Schulte Paint and Laquer Company St. Louis, Mo. 5/14/31 Involoe 639 6/ */31 7/31/31 570 1087 $ 43.50 45.50 43.50 Conaldared good but very slow. Reoelted payment of $43.50 on September 32nd, 1931 and $43*50 on October 19tbr 1931* Standard Product* Company Los Angeles, Calif. 7/21/31 Invoice 1005 $ 43.50 Considered oolleotiblo but very alow. Toledo Industrial paint Company Toledo. Ohio 5/ 5/31 Iavoioe 491 6/ 1/31 510 $ 87.00 87.00 Less Trade Acceptance 5/29/31 174.00 87.00 Tha Trade Acceptance was charged back to the open aooount in September 1931* Sot able to pay at present aooount of bank failure in Toledo tying up their funds. Indications now are that the banks will reopen on December 15th, 1931, and payment of the acoount is probable before the end of this year. Mr. H. . Voss, of tha Toledo Association of Credit Men, has been appointed Comptroller of this oompany to conserve the interests of the creditors. Tibbetts Carr Company Los Angeles, 'California 7/89/31 Inrolo. 8/10/31 1039 88* $ 43.50 43.50 Successors to B. R* Tibbetts Paint Company* Have always been alow* Payment of $43*50 reoeived Hovember 18 th, 1931* Considered good aeeooat. Last Paymert t Date Amount 8/13/31 t 132.05 Balance 8/31/31 t 7 34.75 8/14/31 54.13 130.50 3/ 9/31 46.50 43.50 4/87/31 46.50 87.00 4/87/31 70.00 87.00 PNYC 00012040 ACCOUNTS RSC5IVABLB: (Continued) CCTSTOHZRS LEDGER: (Continued) Yanaul, Incorporated w York City, H. Y. 5/ 4/31 invoice 5/ 4/31 5/ 9/31 5/21/31 5/22/31 6/ 3/31 8/15/81 6/23/81 6/ 24/31 6/26/31 OS- 847 03- 845 OS- 967 OS-1171 OS-1173 OS- 866 031004 03-1162 03-1166 03-1194 3 31.50 19.65 126.00 19.65 31.50 126.00 31.50 39.30 19,65 21.00 lot issuing further credit. Hay eventually oolleot the aeeount hut will he very slow. Trade Aeoeptanoe of 3393.75 charged haok to open aooount in September, 1931. The Chisago Association of Credit Hen have the aoeount for oolleotion. A payment of 3300.00 was received on September 30th, and a payment of 3200.00 vaa received on Horemher 9th, leaving an unpaid balanoe of 3439,30, Vilmar Paint lanufaeturing Company Wilmar. Xinn. 4/21/27 Irrvoioe 03- 144 8/31/27 OS-147* 8/27/27 03- 481 f 120.30 54.00 *1,0. The aeeount la in the hands ef I. 3. Pub and Company for oolleotion. They have brought suit and default Judgment has been secured, and an execution placed in the hands of the sheriff. There art a large number of exooutlons in the hands of the sheriff prior to ours, so the prospects of oolleotion are very remote. Consider this a bad aooount. Yurn.ll Flint Coijiiny Phllid.lphli, Pi. 5/27/31 InTOlo. 7/23/31 8/12/31 8/11/31 8/19/31 775 979 OS-1396 866 930 | 435.00 217.50 51.88 217.50 217.50 A good aeeount but uaually alov. Kik. ngnlir payments but average about 30 days overdue* , The aooount haa been rcduoed in lovember. u Last Payment Date Amount 1/13/31 $ 300.00 ' Balanoe 8/31/31 * 465.75 7/ 9/81 10.18 195.50 6/14/31 652.50 1,139.38 SBHORS UP DISCRXPAHCH3: CUSTOras UXP; Teltom Sibley and Company footings of aooount to August 31st, 1931 Should be DR 36,643.50 6,635.50 CR. 36,384.30 6,394.50 PNYC 00012041