Document 6RMymGVZOyKaakKE11EK9M9y3
P3P0RT CF ?,g> 2. H BOYER HEATING TC AUDIT C7 *t-'2 A5AC0NDA SALES COMPACT - EAST CHICAGO, IDDIAHA DSCgUESR 13TH, 1930
PERIOD COVERED BY AUDIT:
Cash Audit General Audit
December 1st, 1928, to September 16th, 1930, inolusive Deoenber 1st, 1928, to August 31st, 1930, inolusive
TIMS REQUIRED ?OR AUDIT: 15 days
CASH;
Cash Book Balanoe - September 16th, 1930 (9;30 a. m.)
Cash on Hand
- September 16th, 1930 (9:30 a. m.)
Cheoks:
9/12/30 - Capital Paint and Varnish Works
-
9/10/30 - D. 4 H. Tile Company
9/12/30 - Elkay Paint Company
9/ 8/30 - Eastern Varnish Works
'
9/10/30 - Lion Varnish Company
9/12/30 - Mutual Paint Company
9/10/30 - The Millard Heath Company
9/12/30 - Rational Varnish Company
9/10/30 - Rational Lead Company
9/10/30 - Premier Oil and Lead Works
9/I2/3O - Porter Paint Company
9/12/30 - Puritan Pharmaoentical Company
9/ 9/30 - Andrew H. Hastings
$ 510.00
91.14
19.38 133.19
66.82 ' 125.00
13.75 86.32 488.81
245.00 91.14 52.31
79.44
Cheoks listed above were deposited In bank - September 16th, 1930.
} 2,002.30 2,002.30
TRAPS ACCEPTANCES RECEIVABLE:
On hand - September 16th, 1930:
Frederick O'Brien Varnish Company
Los Angeles , California
7/15/30
Da. 9/28/30
*46.23
F S. Spenoer Company
Hew Haven, 1Conneotiout
6/24/30
Du. 9/24/30
6/27/30
9/27/30
7/ 9/30
10/ 9/30
7/12/30
10/12/30
7/24/30
10/25/30
8/12/30
11/12/30
$625.61 700.99
467.33 417.08
467.33 467.33
In hands of First Calumet Trust and Savings Bank, East < Indiana, for oolleotion;
F, E. Spenoer Company
6/18/30
Due 9/18/30
(Payment refused - September 19th, 1930.)
|700.99(1)
Standard Paint 4 Lead Company
8/26/30
Due 9/17/30
(Paid September 13th, 1930*
' 300.00
Add: Trade Aooeptanoes paid during period September 1st, to 16th, 1930, inolusive
Erohange charges
Amount oarrled forward
$ 46.23 Paid 10/3/30 3,145.67(1)
1,000.99
, %Zt 075.60
2.21
$ 4,192.39
2,077,81 * 6,270.70
PNYC 00012042
N11013
TRADE ACCEPTANCES RECEIVABLE : (Continued) Amount brought fcrwar'
,27C.7C
Deduct: Trade Acceptance of ?. 2. Spencer Company dated August 12th, 1930, taken to account lr. September 3Cth, 1930
Ledger Balance - August 31st, 1930
(l)Charged baok to Customers Ledger aoeount in September, 1930. Company ' bankrupt. See oonments under Aooounts Receivable.
467,33 5,803.37
BOOKS AND RECORDS CHECKED:
CABH BOOK: -
Footings Deposit slips to oash book, monthly
totals to reports made to Sew York offioe and bank statements Postings to general ledger Postings to customers ledger
Deoeraber 1st, 1928, to September 16th, 1930, inclusive
Deoember 1st, 1928, to September 16th, 1930, inclusive Deoember 1st, 1928, to August 31st, 1930, inclusive August, 1930
RECAPITULATION CF CASH BOOK - DECEMBER 1ST, 1923, TO AUGUST 31ST, 1930, INCLUSIVE:
Ledger Balance - December 1st, 1928
4 None
RECEIPTS:
Customers Ledger Aooounts: Anaoonda-Lead Products Anaconda Zino Oxide
4530,852*96 664,545*27
1-,195,398.23
41,195,398.23
DISBURSEMENTS:
Deposits made in the First Calumet Trust Savings 3ank, 2ast Chioago, Indiana, to the credit of the Anaconda
Copper Mining Company, New York, N. Y.
1,195,398*23
Ledger Balance - August 31st, 1930
4 None
JOURNAL:
Examined Journal entries and oheoked same to Journal
Postings to general ledger Postings to customers ledger
August and Deoember, 1929; August, 1930 January 1st, 1930, to August 31st, 1930, and tests. August, 1930
GENERAL LEDGER:
Postings from: Cash book Journal
Footings of ledger acoounts Verified, trial balanoe as of
December 1st, 1928, to August 31st, 1930, inclusive January 1st, 1930, to August 31st, 1930, and tests. Deoember 1st, 1928, to August 31st, 1930, inclusive August 31st, 1930
PNYC 00012043
3
BCCIIS A5D RECORDS CrlSCXSD: (Continued)
CTSTCMZRS ISGSR:
Postings from: Cash book Sales reoords: Anaconda lead Produots Anaconda Zinc Oxide journal
Footings of ledger acoounts Verified trial balance as of Mailed statements of acoounts bearing
auditor's stamp to customers
August, 1930
August and December, 1929; August, 1930 August and December, 1929; August, 1930 August, 1930 December 1st, 1923, to August 31st, 1930,. inclusive August 31st, 1930
September 30th, 1930
SALES RECORDS;
Anaconda Lead Produots;
Invoioes to record Footings of reoord Totals to journal entries Postings to customers ledger
Anaconda Zino Oxide:
Invoioes to record Footings of reoord Totals to Journal entries Postings to customers ledger
August and Deoember, 1929; August, 1930 August and Deoember, 1929; August, 1930. December 1st, 1928, to August 31st, 1930, inclusive August and December, 1929; August, 1930
August and December, 1929; August, 1930 August and Deoember, 1929; August, 1930 Deoember 1st, 1928, to August 31st, 1930, inclusive August and Deoember, 1929; August, 1930
CPSD IT MBCORAJrDUMS :
Examined credit memorandums Postings to sales records
Deoember 1st, 1928, to August 31st, 1930, inclusive August and Deoember, 1929; August, 1930
.AGEECY STOCK RECORDS:
White Lead:
Sales made through the Anaconda Sales Company from Agency Stocks
Zino Oxide:
Sales made through the inaoonda Sales Company from Agency Stocks
August, 1930 August, 1930
GEEZRAL LEDGER TRIAD 5ALA5CB - AUGUST 31ST, 1930
DR. CR.
White Lead Purchased Zino Oxide Purchased White Lead Sales Zino Oxide Sales Aooounts Receivable Trade Aooeptanoes Receivable Aooounts Payable Wow York Office
$197,469.08 255,589.20
63,820.73 5,803.37
_____________
$
197,469.08 255,589.20
85.29 69,533.31
$522,682.38 , $522,682.38
PNYC 00012044
4
CUSTOMERS LEDGER TRIAL BALANCE - AVGVST 31ST, 1930.
C. Athey Paint Company
Arensto Paint Manufacturing Company
Avalon Paint Company -
Accurate Insulate! 7/ire Company
Arto Manufacturing Company
Anglo-American 7arnish Company
Anaoonda .7ire 4 Cable Company
Atwater Paint Company
Associated Paint Company
.
Arco Company of California
Chas. H. Brown Paint Company
J. A. Bauer Potter Company
J, 2. Bauer' Company
L, H. Butoher 4 Company
Burke Morris Paint Company
Reuben Berman
Bright Ellsworth Company
Baudar Paint Company
Baltimore Copper Paint Company *
Frank Bowers Company
Clements Coverall Company
Colonial Works
Capital Paint 4 Tarnish Company
Central Paint 4 Tarnish Company
Cook Paint 4 Tarnish Company
Certainteed Product* Company^
Carroll, Dunham, Smith Pharm&oy Company* *
Columbia Mills, Ino.
California Ini Company of flaw York
Cook 4 Dunn Paint Company
Cook China Company
Capital Paint Manufacturing Company
H. 0, Canfield Company
Carnation Company
Carbon Products Company
Devoe 4 Raynolds Company
Drew 4 Ernst
Doidge Koran Paint Company *
I. I* Dupont De Nemours Company
Devoe 4 Raynolds Company
D. 4. M, Tile Company ,
Donovan Produots Company
Eclipse Nhite Lead 4 Oil Company
Eastern Tarnish Works
Everaeal Manufaoturlng Company
Eljer California Company
Elkay Paint Company -
Fraser Paint Company
Felton, Sibley 4 Company *
Samuel H. French 4 Company *
French Wolf Paint Company-
Fuller, Clarkson Company
.
Fieth Brothers *
Garland 4 Company
Clidden Company
Graaaelli Chemioal Company
Goheen Corporation
Greenpoint Paint 4 Tarnish Company
General Sleotrlo Company
General Paint Corporation
Hampden Paint 4 chemioal Company
Eaaline Brothers
Chas. H. Howell 4 Company
1, C Horn 4 Company
Hill, Hentsohell Company
Hanooek Paint 4 Tarnish Company i
Hydro Carbon Chemioal Company* -
Roldt Paint Company
Hasoo Produots Company w
Amounts o&rried forward
DR. CH.
$ 135.00 ^
525.00
200.20
90.00
90.00
77.81
1,007,25
45.50
46.50
93.75
145.58
93.00
70.00
489.23
49.50
183.12
3.38
46.50
100.33
1,312.50
63.75
883.75
>
1.530.00
297.76
90.00
78.00
22.50
53.44
.47
171.33
51.00
8,93
525.00
17.81
5.44
2.751.75
372.00
46.50
1.332.75
283.50
93.00
139.50
135.00,
226.50
1.00
419.50
65 .88
1.170.00
279.00
231,25
135.00
139.50
17.81
232.50
223.50
105.39
232.50
46.50
670.50
372.00
232.50
230.50
105.00
325.00
50.44
358.02
200.00
105.00
43.35
___________
$ 20,484.62 $
47.97
PNYC 00012045
CUsTClSRS -^DC:lR . RIAL BALANCE ~ ACO'-'ST 315T, 2930: (Continue&} DR.
OR.
Amounts brought forward
# 20,484.62 |
47.57
H. Hollinghead Company Isenburg Paint A Supply Company * India Lao<iuer Company *
Jones, Dabney Varnish Company Jarvaise Perfumer $ .7m. A. Juergens A Company Keystone Refining Company Keystone Varnish Company Kushule, Ino.
Geo. I. Kelley, Ino.
Kentuoky Color A Chemioal Company K. A. M.' Pottery Company
LouiaTille Paint Manufacturing Company Laolede Paint Manufacturing Company Lawson, Eberson Paint Company Soott L. Libby Company Chas. E. Long, Jr., Company
Lion Varnish Company John Lucas Company
Lahaan Brothers Leoo Manufacturing Company
Mathew Paint Company
Millard, Heath Company Mutual Paint Company
Missouri Valley Paint Company Mountain Varnish A Color Company Midland. Paint A Varnish Company
Monroe, Lederer A Taussig Lon. ? Maher A Company
Major Viotor Company Martin*a Laboratories Motor Transportation Company
McKesson, Robbins Company
MOKesson, Gibson, Snow McKesson, Langley, A Miohaels MOKesson Wholesale Drug Company MOKesson, Merrill, St, Louis Drug Company Norfolk Paint A Varnish Company
National Varnish Company North Amerioan Paint A Chemioal Company
North Jersey Paint Company Norwich Pharm&oentioal Company
National Lead Company
Ohio Varnish Company Oakley Paint Manufacturing Company
Obrien Varnish Works Phelan Paust Paint Company porter Paint Company Progress Paint Mamifaoturing Company paoifio System Homes
Puritan Pharoaoentioal Company
Phalts A Bauer Company Paulian Drug A Chemical Company
Proctor A Gamble Company Payson Varnish Company Premier Oil A Lead Works
Phoenix Paint A Varnish Company
Pittsburg Plate Glass Company
Pontiac Paint Manufacturing Company
Quaker City Rubber Company
'
Bex Paint Company
Rower. Beine Paint Company Rinesned, Mason Company Realty Paint Company f. J. Honan Company
Bex Vale Paint Company
St* Louis Surfaoer A Paint Company Sherwin-Williams Company
Amounts carried forward
40.50 130.50
99.00 186.CO
22.00 372.00
35.63 1,037,28
311.35 35.63
1.255.50 186.00 232.50 ' 138.05 17,81 21.00 232.50 67.50
1,300.00 138.38 240.63
13.75 756.13
20.25 174.37 186.00 162.50 700.00
46.50 186.00
31.13 67.50 27.00 27.00 13.50 13.50 7,552.76 174.38 366.00
192.50 493.75 5.287.50 139.50
46.50 604.50
93.00 46.50 232.50 52.31 84.00 29.63 17.44 348.76 245.00 465.00 202.50 139.50 650.00 139.50 279.00
158.00 187.50
32.63
47,566.16 $
25.00
10.00
2.32 85.29
PNYC 00012046
C73`TC7ZR5 LZDGIR TRIAL 3ALANC5 - AUC"2T 313T, 1930 (Continued) DR.
Amounts brought
Standard Paint Vanufa-cturiru: Cor.tany
Stewart paint Manufacturing Company
J. J. Sullivan
`
Standard Paint Company
Standard Tarnish 7orks
Sterling Paint Company
Sillers Paint i Varnish Company
Speed-C-Lao Produots Company
David Salkihd
Standard Oil Company of New York
Smith Chemical Color Conpany
?, 2 Spencer Company
Standard Class Paint Company
3* Prank Shinn Company
John H. Shearman ompany
Seidlitz Paint Varnish Company
Thompson, Hayward Chemioal Company
Texas Printing Ink Company
*
Thompson Wood Finishing Company
H. B. Tibbetts Paint Company
A. H. Thomas Paint Company
Thomas River Line
Toledo Indiana Paint Company
Timeproof Paint Produots Company
Vane, Calvert Paint Company
Varoraft Works, Ino.
Vernon Potteries
V&dseo Sales Company
Vansul, Ino.
Geo. S. Viall & Sons
White Company
Wadsworth-Howland Company
Waterproof Paint Varnish Company
WTiitaker, Clark 4 Daniels
West Paint Varnish Company
Window Shade Produots Company
Wilmar Paint Company
Yates, Kullett Paint Company
Zenith Paint Varnish Company
'
o^ard '
' '
'
$ 47,566.16 $
95.29
431.24 1,222.58
93.00 46.50
1,022.00 46.50
979.00
113.13 114.00
2,600.00 108.75 930.00 35.00 53.44
766.25 17,81 91.13 35.63
354.57
70.00
105.00 220.70 186.00 .35.00
230.00
1,115.40
279.00 405.00 2,054.70 619.48
260.00 88.13
232.50 171.88
650.00 93.00
229.25 46.50
102.50
*
____________
Total
$ 63,820.73 |
85.29
ACCOUNTS RBCEIYJLBU:
The following aooounta receivable, appearing on the books as of August 31st, 1930, were past due
and remained unpaid at December 10th, 1930:
Last Payment
Balance
Customers Ledger:
Date
Amount
8/31/30
Iralon Paint Corporation
Los JLngalt., California
12/E4/2B
Inrolo. 032604
1/ 8/29
0S2656
1/14/29
0S2689
$ 26.45 106.25 67.50
9/30/29 $ 100.09
i 200.20
Affairs of this company were assigned to a creditors oommittee January 30th, 1929. Payment of 25^ of acoount, $100.09 was made June 26th, 1930, and;25, $100.09 September 30th, 1929. Mr. A. J. Lynch, & member of the oommittee, advised October
23rd, 1930, that it was doubtful if any further payments would be made.
pnyc
0012047
7
ACCOUNTS R2CSI7A3LS: (Continued)
Customers ledger: (Continued)
Last Payment
Safe
"Amount
Charles H. Brown Paint Company
Brooklyn, New York
6/21/28
Involoe CS1541
7/ 7/28
1632
7/13/28
1645
7/21/28
1709
8/ 2/28
2371
9/ 1/23
Interest
7/25/28
Protest Fee
8/13/28
Protest Fee
9/29/28
Protest Fee
3/19/29
Protest Fee
$ 34.93) 2C.25) 31.37) 20.25 9.00 21.94 1.05 2.46 2.58 1.25
9/17/30 9/22/30
36.68 36.68
Additional Charges: 9/22/30
10/16/30 10/17/30 10/23/30
11/ 5/30
11/ 5/30 11/22/30
0S1556 1710 1210
1755 1330 1284 1913
$243.13 233.75 93.00 62.50 62.50 93.00 1.35
11/29/30 11/29/30
93.15 1.35
This customer has been slow pay over a long period of time, and nothing in their reoord appears to Justify sales to them on a oredit basis. On Bovember 10th, 1930, their oheok for $243.13, dated October 27th, 1930, was returned by the bank aoeount of "Insuffioient funds.* An attempt to oolleot through R. G. Dun A Company has not met with muoh suooess.
L. H. Butoher Company
Los Angeles, California
8/13/30
Invoice 0S1300
>205.79
Covers aooount of the Western Paint A Color Company of Los
Angeles charged to Butoher Company, as credit risk was
assumed by that company.
.
Cook China Company
Trenton, N. J,
9/13/28
Invoioe
8/ 1/29
2736 Interest
$ 51.00 2.70
Bankrupt. Receiver appointed August 13th, 1929. Claim filed Ootober 15th, 1929* Receiver's letter of September 16th, 1930 advised that the general creditors of this oompany will
reoeive nothing*
Drews A Ernest Philadelphia, 5/13/30 6/ 5/30
6/27/30 3/11/30
Pennsylvania
Invoioe
561
710
820
979
$ 93.00) 93.00)
93.00 93.00
11/14/30
186,00
iilltlonal Charges: 9/ 2/30
10/13/30 11/12/30
1060
1210 1304
| 93.00 93.00 93.00
This oompany has always been slow pay. They have promised to pay all past due items as soon as possible*
Balazce 3/31/30 $ 145.58
205.79 53.70
372.00
PNYC 00012048
(Continued)
Customers Ledger: (Cor.t ir/..:ed]
Donovar. Products Company
Rochester, New York
6/16/30
Invoice 771
7/ 7/30
S45
8/30/30
1C36
Chronic alow pay.
V 45.50
46.50 46.50
last .-ayment
DaTe
Amrunt
1C/ 6/30 11/10/30
46,50 46.50
Balance S/31. 30
$ 139.50
Folipse White Lead & Color Company
Brooklyn, New York
8/21/30
Invoics 0S1365
$135.00
Additional Charges: 9/27/30
11/15/30
1587 1899
^135.00 202.50
This ooopanyhas a long record for slow pay. Payment of August 25th, 1930, covered our invoioe of May 16th, 1930.
8/25/30
202.50
135.CO
Frazer Paint Company
Detroit, Michigan
8/ 4/30
Invoioe
8/ 5/30
8/18/30
8/28/30
949 954 1007 1039
Additional Charges: 9/11/30
10/ 8/30 10/23/30 11/18/30
1108 1187 1244 1324
$315 ,.00 225.00 360.00 270.00
$225.00 135.00 135.00 135.00
9/20/30 Disoount
1,170.00
Disoount allowed not in order as terms are "2^ 10th prox.* No response to Mr. Stolte's letters of November 12th, and Deoeraber 4th, 1930, oalling attention to past due items* Have always been slow pay*
Fuller-Clarkson, Inc.
Berkeley, California
5/26/30
Invoice
7/11/30
8/25/30
668 899 1031
4 46.50 46.50 46.50
Small ooncero reorganized out of Fuller-Waterson Company whloh failed. Collections are being made through A* J. Lynch Company, our agents in San Franeisoo. Balanoe considered oolleotible.
10/ 8/30 11/24/30
46.50 46.50
139.50
Hydro-Carbon Chemical Company
Newark, 5. J,
5/ 8/28
Invoioe 1292
. Bala-noe j2 00.00
3/
8/28122.50
200.00
Bankrupt January 30th,1929, Proof of olaim filed May 20th, 1929. First and final dividend $38.58 received Ootober 17th, 1930. Balance of $161.42 oharged to Anaoonda Zino Oxide Departments reserve for Bad Debts in Ootober, 1930
accounts.
Isenberg Paint Supply Company
Detroit. Miohigan
5/24/30
Invoice
$130.50
,, 12/ 9/30
Also does business as the Motor City Paint & Varnish Works. No results from effort t,b oolleot through R. G. Dun & Company. Mr. Isenberg's letter of November 20th, 1930, promises to pay as Boon as possible.
30.50
130.50
PNYC 00012049
ACCOUNTS SSC5IVAJBIB; (Continued)
Customers ledger: (Continued)
Last Payment
Date
Xaouat
La Pompadour, Ino,
Minneapolis, Minnesota
10/ 7/29
Invoice 4431
$ 27.50
* 8/ 2/30
5.50
Balance due from Jarvaise Perfumer, ino. aooount assumed by the La. pompadour Ino. To date a total of y33.C0 has been paid on the original claim for ^55.00.
Wm. A. Juergens Company
oledo, Ohio
5/28/30
Invoice
6/18/30
7/17/30
8/ 7/30
667 776
382 957
$ 93.00 93.00 93.00 93.00
9/29/30
93.00
Very slow. DoeB not respond to letters asking for payment. . Salesman oalling on this oonoern reports they are having diffioulty oolleoting their own aooounts*
Keystone Varnish Company
srooklyn, Bew York
3/ 3/30
Invoioe
3/25/30
3/31/30
4/28/30
5/12/30
5/19/30
6/ 3/30
6/24/30
8/ 2/30
314 461 439
685 774 816
886 1036 1255
$ 86.44)
9/22/30
86.44)
86.44)
172.88) By notes
-
86.44) (See below)
172.88)
172.88)
86.44)
66.44
233.99
716.85 .
Additional Charges:
9/ 4/30
-
1445
86.44
Botes reoeived in settlement of Above Invoioes:
9/26/30
Due 10/21/30
$200.00
9/26/30
10/31/30
200.00
9/26/30
11/12/30
200.00
9/26/30
11/23/30
116.85
10/23/30 11/ 3/30 11/14/30 11/22/30
Bo response to request of November 12th, 1930, for payment of past due invoioes. Considered good.
Midland Paint 4 Varnish Company
Cleveland,. Ohio
5/21/30
Invoioe 616
5/28/30
658
6/28/30
810
8/21/30
1013
$ 46.50 46.50
45.50 46.50
10/23/30 11/13/30
200.00 200.00 200.00 116.85
46.50 46.50
Bo response to letter of November 12th, 1930, requesting payment of all past due items. Considered good in time.
Norfolk Paint 4 Varnish Company
Norfolk Downs, Massachusetts
Cartage Charges:
3" /' "7/30
Invoioe 362
5/ 1/30
473
5/ 9/30
553
5/ 1/30
694
5/ 9/30
775
3/15/30
596
4/ 8/30
544
5/16/30
808
5/16/30
$95
5/27/30
654
5/27/30
864
6/ 3/30
399
6/ 3/30
695
$ 34.50 424.30 232.50 178.80
334.13 322.50 323.50 410.46 409.31 266,20 322.50 223.50 483.75 178,80
9/ 2/30 9/17/30 11/ 3/30 11/22/30 12/ 4/30
2,000,00 1,001.55 2,167.56
1,299.30 1,000.00
Aaovuits o&rried forward
4,146.75
9 Balance 3/31/30
22.00 372.00 1,037.28
186.00 7,552.76
$7,552.76
000^05
ACCOCKTS
7A3L3: (Continued)
Customers ledger: (Continued) Norfolk Paint 1 7arr.i3h Corpan;/; (Continued)
last Pay tat DaTe " '
Amounts brought forward $4,145.75
6/10/30 6/19/30
6/19/30 6/27/30
7/ 8/30 7/ 8/30
7/17/30 7/17/30
7/28/30 a/- 8/30
8/ 8/30 8/20/30
3/20/30 8/26/30 8/31/30
Invoice
Credit Memo Credit Memo
963 1012
791 326
353 1114 1166
390 1233 1237
969 1367
1019
55 56
322.50 409.31 178.80
39.40
180.00 325.00
325.00 225.00 337.50
337.50 180.00 325.00
225.00 45.00
9.00
Additional Ciiirge.: 9/ 3/30
9/ 3/30 9/11/30 9/11/30 9/2 6/30 9/29/30 9/29/30
10/16/30
10/16/30 10/27/30
11/13/30
1437 1067
1482 1089 157* 1595 1153 1721 1218 1772
1384
$ 325.00 270.00 437.50 225.00 412.18 325.00 225.00 325.00
225.00 325,00 412.18
Chronio slow pay, Vat aooount is considered good.
Obio Varnish Company
Cleveland, Ohio
4/21/30
Invoice
4/22/30
4/24/30
4/25/30
5/ 7/30
5/ 8/30
5/12/30
5/23/30
6/ 2/30
6/ 4/30
6/ 6/30
6/17/30
7/10/30
7/18/30
7/21/30
8/ 1/30
411 419 435 451 540 547
548 626 681 698 714 779 671 905
906 941
| 247.50) 297.00) 232.50) 232,50) 465.00)
465.00) 697.50) 232.50) 465.00 465.00 465.00 465.00 139.50 139.50 139.50 139.50
Additional Charges: 9/ 5/30 9/ 8/30 9/17/30
10/14/30
1066 1072 1107
1214
$ 93.00 139.50
139.50 93.00
This company has been ohronio slow pay. They claim to Vs having a hard time making -their own collections. .'Ir. Stolte is keeping in touoh with this aooount through Mr. L, 0. Duncan of the Akron office.
9/ 6/30
9/ 5/30 11/17/30 11/17/30 11/17/30 11/17/30
1,009.50 1,660.00
Zalance 3/31/3C ;7,552.75
5,287.50
PNYC 00012051
".ECIIVABIE: (Continued)
Customers ledger: (Coat inued)
P.ealty Paint Company
last P'str.erford, Pew C ersey
7/ 7/3C
Irjve ice
354
7/24/30
' 921
7/24/30
1211
Additional Charges: 9/11/30
9/11/30
1092 1476
4 46.50 46.50 65.CO
s> 46,50 337.50
last Payment Date
7/24/30 9 207,50
Sales to this company discontinued until past due items are paid* Acoount is very slow, and somewhat doubtful.
Rix-Vale Paint Company
St. Joseph, Missouri
7/25/30
Invoice
1215
$ 32.63
Pays no attention to letters requesting payment. Considered oollectible.
Standard Paint Manufacturing Company
Minneapolis, Minnesota
8/16/27
Invoice 1424P
8/23/27
1443
9/ 6/27
1481
10/ 4/27
1605
.
10/24/27
1627
12/27/27
1747
8/23/27
465
9/20/27
576
11/28/27
730
9/ 1/29 . Interest
$ 8.00 54.00
54.00 54.00 54.00
51.00 67.50
67,50 17.81
3.43
Bankrupt. Receivers notioe dated Deoember 8th, 1930, states final hearing for purpose of declaring final dividend will be held in Minneapolis Deoeober 23rd, 1930. Statement in
dicates that there will be very little to distribute to the creditors.
David S&lkind
Philadelphia, Pennsylvania
8/12/30
Invoio.
997
3/12/30
1323
? 46.50 67.50
.
Yery slow. 5o response to past due notioes and letters. Considered oolleotible.
?. E. Spencer Company
Rew Haven, Connecticut
8/12/30
Invoioe
8/28/30
980 1037
| 465,00(1) 465.00
(l)Trade Aooeptanoe received to cover.
Additional Charges:
9/11/30
1088
9/30/30
Protest Fee
$ 465.00 2.04
John G, Legg appointed Reoeiver for this oompany, September 29th,
1930. Creditors claims are to be filed before January 30th.
1931. The Anaoonda Sales Company's olaim will cover the following items:
Unpaid Invoioes:
8/28/30 9/11/30
y -
? 465.00 465.00
9/30/30 Protest Fee
2.04
Trade Aooeptanoes charged back to CuS'
toners aooount, as detailed under "Trade Aooeptanoes Receivable."
3,646.66
Interest charges
62.63
Total
$4,841.33
Present status of olaim not known.
Balance 3/31/30 0 155.CO
. 3^.63 '
. 114.CO 930.00
PNYC 00012052
12
ACCOUNTS R3C3I7A3LS: (Continued)
Customers Ledger: (Continued)
George I. Viall i Son
Rochester, Hew York
7/11/29
Invoice
8/27/30
3735? 1032
,$475.98 135,5C
This oompany has teen very slow. They erpect to secure a loan on some real estate owned by them
and have promised payment early in December. To. date this has not materialized.
7?illmar Paint Manufacturing Company
Ulnar, Minnesota
4/21/27
Invoioe
144
3/31/27
1473
.3/27/27
481
3/12/30
1311
$120.50
54.00 21.00 33.75
Old account is long past due. Reduction of $4.50 in March 1930 due to overpayment of invoice covering C. 0. D, delivery. Pays no attention to demands for payment. Aooount looks bad.
Holdt Paint Company
Orange, H. J.
3/27/39
Invoioe
3302
$105.00
Bankrupt. Letter of October 20th, 1930 from
Herrigel., Lindabury, and Herrigel, Attorney's for the Reoeiver states that the entire bulk
of the estate was used in paying preferred creditors. Aooounts charged to Anaoonda Zino
Oxide Departments "Reserve for Bad Debts" in Ootober; 1930 accounts.
Thames River Line
Hew York, H. Y.
5/ 7/30
Invoioe
686
j 12.80
Balance due on olalm for material lost in transit,
Motor Transportation Company
Bridgeport, Conn.otiout
8/14/28
InYolo. 4032
j 31,13
Covers olalm for damage to shipment of Zlno Oxide.
Stewart Paint i'anufaotur ing Company
Minneapolis, Minnesota
2/ 7/30
Invoice
122
2/10/30
140
2/21/30
268
t 98.10) 98.10) 35.40)
3/ 5/30 3/10/30 3/24/30
4/ 1/30
211 361 453
492
98.10) 31.66) 38.50)
53.10)
5/ 6/30 5/12/30 5/16/30 5/23/30
5/29/30 6/ 4/30 6/ 4/30 6/ 6/30
514 545 793 885 6`65 906
703 718
92.10) 92.10)
17.70)
143.50 92.10
10.55 92.10 92.10
Amounts carried forward
$1,135.21
Last Payment
Date
Amount
8/25/30 9/15/30
$ 300.00 139.50
Balance 3/31/30
$ 819.48
3/11/30
- 4,50
9/11/30
33.75
229.25
105.00
12.80
31.13
9/18/30 10/13/30
231.60 271.36
1,222.58
11/17/30
201.90
vl ,22258
PNYC 00012053
13
ACCOUNTS PJCSIVABIF: (Continued)
Customers ledger: (Continued) Stewart Faint l/.anufaoturing Company: (Continued)
last Payment
DaTe
Xiount
Amounts brought forward $1,135.21
7/14/30
Invoioe C 51
10.00
8/13/30 8/19/30
989 46.05
1347
*
5.27
8/23/30
1023
46.05
Additional Charges: 9/10/30
10/15/30 11/17/30
11/25/30
1076 1697
1322 1344
t 92.10 15.83 92.10
138.15
Ur. Stolte'a letters of 3/13/30 and 11/12/30 and monthly statements are the only actions taken to oolleot past due ItemB in the last three months. This aooount has been reduced materially since the first of the year,
and Ur* Stolte says for this reason he has refrained from pushing this oustomer too hard. I feel that all
past due items should be followed up, with no exoeptions.
$
2aiar.ce S/31/30
$ 1,222.53
RBOaSS:
OFFICE WORK:
The work in this office oould be reduced if an arrangement oould be effeoted whereby the Anaconda Sales Company would handle all sales of Zinc Oxide and White lead, instead of being restricted to agency stock sales* This would permit the consolidation of oash books, sales reoords, etc., and reduoe the invoices and oredlt memorandums to one series. Customers accounts would be carried in one ledger, instead of three, under the present arrangement. This feature would be a big help in following aooounts for credit purposes*
The work on the books and reoords does not present a neat appearanoe, and indicates laok of atten
tion to small bookkeeping detail.
-
PNYC 0120S4