Document B5mQOeonqkpan8Bd2LKY4MZek

REPORT 07 VR. H. H. ANDERSON RSUTING TO AUDIT 0F THE ANACONDA SALES :0??ANY - EAST CHICAGO. INDIANA j.vnuary 23rd, 1936 PERIOD COVERED 3Y AUDIT: Caab Audit General Audit TIME RETIRED ?QR AUDIT: 16 Day* October let, 1934 to September 20tb, 1935 Ssptmnbsr lat, 1934 to August 31at, 1935 CASS: Ca*b Book Balance - September 20tb, 1935 CaJb os Hand - Septmabsr 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 9/18/35 9/18/33 9/18/33 - Fairmont Wall Paper and Paint Company - State Ticking Serrlce, Inc. - El J sr-Caiifomia Company - Dowdy Broa. - J. A. Baner Pottery Company - Stewart Paint Manufacturing Ccmpany Wlatulck-Puxpeer, Xnc. - Hastings Paint Company - Dan P. Maher Paint Company - Art Stained Shingle Company, lao. - Capital Paint and Varnish Ccmpany J. Earsnson and Son* - Charles H. Howell and Ccmpany, Xae. - Hendereon and Johnson, Inc, - The B. 0. Canfield Company - Charles Xnew Johnson and Ccmpany - Worth Steel Company Watch Tower Bibit and Tract Society - The J, E. Harris Company } All of the above 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 RECEIVABLE - ON HAND SEPTEMBER 2075. 1935: 8/ 1/35 8/ 1/35 8/ 1/35 8/ 1/35 7/15/35 6/19/35 9/20/55 10/20/55 11/20/35 12/20/35 10/13/35 11/17/35 Puritan Cosmetics, Inc. - St, Louis, Missouri Puritan Cosostlcs, Inc, - St, Louis, Missouri Puritan Comastics, Inc. - St. Louis, Missouri Puritan Cosastics, Inc. - St. Louis, Missouri Amsrlcan Paint Corporation - Duluth, Minnesota Amsrlcan Paint Corporation - Duluth, Minnesota Intsrest 64 64 64 64 6* 6* Amount | 7.59 7.59 7.19 7.62 162.00 201.00 % 393,39 5O0ES 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 General Ledger Postings to Customers Ledger Cash Beeslpts In detail, as shown on Deposit Slips,to Cash Book Octobsr 1st, 1934 to Ssptsobsr 20tb, 1935 Octobsr 1st, 1934 to September 20th, 1935 Septsmber 1st, 1934 to August 31st, 1935 August, 1935 July 1st, 1935 to Ssptsobsr 20tb, 1935 PNYC 011970 ;OCKS AND aSCORDS CHECKED; (Continued) CAg 5001: {Continued) HZCAPirjLATION 07 CASH BOOK - OCTOBER 1ST. 1934 TO AU0U5T 313T. 1935: Ledger Balance - September 30tb, 1954 Receipts: Customer# Ledger Account#: Anaconda Lead Product* Anaconda Zinc Oxide Note# Receivable Trade Acceptance* Disbursement*: Deposit* sad* In tb* Contlnental-Illinois Bank and Trust Company, Chicago, Illinois, to the credit of the Anaconda Copper Mining Company - New York City, New York, October 1st, 1954 to August 51st, 1955, inclusive Checks mailed to Mr. James Dickson, General Auditor, for deposit in New York City Ledger Balance - August 31st, 1953 None $ 186,311,03 545,213,12 1,646.94 35,00 533.206,09 553,206.09 $ 473,949,37 59,256,78 533,206.09 t None JOURNAL: Examined Journal Entries and checked *sa* to Journal Footings of Journal Postings to General Ledger Poetlngs to Customer* Ledger Scrutinised Journal for all large and unusual entries GKKJTRAL_LKDGIRt Poetlngs from: Cash Book ' Journal Footings of Ledger Account* Verified Trial Balanoe, as of CUSTrantPfl umg; Postings from: Cash Book Sales Records: Anaconda Lead Products Anaconda Zinc Oxide Journal Footings of Ledger Account# Verified Trial Balance, as of Mailed 3tat seats of Accounts to Customers, attached Auditing Depar^snt letter and nailed In envelops* bearing return oard of General Office Butte, Montana, as of SALES R3CCBB3: Anaconda L*mi Products: Involoe* to Record Footings of Record Totals to Journal Entries Postings to Customers Ledger Anaconda Zlne Oxide - (Akron end last Chicago): Involoe# to Records Footing* of Records Totals to Journal Rntrlea Postings to Customers Ledger September and Decmnbsr, 1954, January, April and Attest, 1935 Septmber and December, 1934, Janaary, April and Anxst, 1933 Septib*r let, 1954 to August 31st, 1935, inclusive August, 1935 and Teste September, 1934 to August, 1935, Inclusive September 1st, 1934 to August 31st, 1935 Septsmbsr 1st, 1934 to August 31st, 1933 September 1st, 1934 to August 31st, 1933 August 31st, 1933 Augist, 1933 August, 1933 August, 1933 August, 1935 end Tests September 1st, 1934 to August 31st, 1935 Augist 31st, 1935 September 30tb, 1933 August, 1938 August, 1936 September, 1934 to August, 1935: Jlugaat, 1935 inclusive August, 1930 August, 1935 September, 1934 to August, 1935, inclusive August, 1933 t PNYC 00011971 50CE5 AND RECORDS CHECKED: (Continued) CREDIT MEMORANDUMS: Zxamiaad Credit Memorandums Postings to Seles Records AGENCY STOCK RECORDS: September 1st, 1934 to August 31st, 1935, inclusive August, 1935 White Lead and White Lead-in-011: Salea made through Anaconda Sales Company from Agency Stocks Shipments to Agency Stocks August, 1935 August, 1935 Zina Oxide: Sales made through Anaconda Sales Company from Agency Stocks Shipments to Agency Stocks August, 1935 August, 1933 STATaCOTS QT CUSTOMERS ACCOUNTS: Erexiinsd Customers Accounts covering statements returned to the General Office - Butte, Montane, end the East Chicago Office, with notations of differences, and in each case I found the stateneat to he correct* In aost cases parent covering the account had been received in the last Chicago Office after October let, 1935 and proper credit had been given on the books. GDgRAL 12DOSB TRIAL BALANCE - AUGUST 313T, 1935; Rem Tort Orfiee Accounts Receivable Accaunts Payable Rotes Receivable White Lead Purchased White Lead-in-Oil Purchased Zinc Oxide Purchased Whits Lead Sales White Lead-in-Oil Sales Zinc Oxide Sales DR. t 95,036.61 555,39 136,112.79 37,147.47 286,718.67 * 555,570.93 CR. } 95,187.00 405.00 136,112.79 37,147.47 286,718.67 $ 555,570,93 COTOgHS LEDGER TRIAL RAf-iUCI - ATCU3T 31ST. 1935: American Marine Paint Company Ansrioan Paint and &apply Company Alpha Sign Serrioe Anaconda Chemical and Paint Company American Car and foundry Company Armitage and Company, John L. Asbestos Textile Company American Refrigerator Transit Company American Asphalt Paint Company Accurate Insulated Wire Company Andorfer Long Company Akron Paint and Tarnish Company AlleaSown Paint Manufacturing Company Arco Company American Bank Rote Company Apex Color Works Anaconda Wire and Cable Company (Hastings) Carried forward % 170,46 356,23 4.28 10.92 1.51 120.00 240.00 247.50 5,390.00 144.00 40.50 la.so '202.50 206,25 133.13 240.00 16.27 $ 7,645.07 . I _________ PNYC 00011972 r;rr:iR5 IBIOBR TRIAL BALANCE . .JTTUCT 313?. 1935: Continued) Brought Forward Art Stained Shingle Company architectural Tiling Company Brelnig Bros., Incorporated Bauer Pottery Company, J. A. Barry Brothers Company Butcher Company, L. H. - San Francisco Butcher Company, L. H. - Los Angeles Boyoell Bros. ".'hits Lead and Color Company Baltimore Paint and Color Company 3own.ee Company, Frank Eostcn Blacking and Chemical Company Berg and llarkell, Incorporated Boysen Company, .falter N. Bailey - 'lalker China Company Booth Paint Company, Foe Boston Insulated .fire wed Ceble Company Banner Supply Company Birge and Sons Company, U. E. Burkes Tropical Faint Ccsspany Brown Lumber Coup any Bates Paint Berries Company Con-Ferrc Paint 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, Charles Chmalcal Sales Corporation Collyer Insulated fire Company, Incorporated Chamberlain Paint Company Collins Darouet Paint Manufacturing Company Cerlova, Incorporated California Faience Company Clarke Paint and Varnish Company Conkling 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 Nmnoure and Company, 3. I. Devins Paint and Tamiah Company Davie Company, H. B. Duro Paint Company Eurkee Atwood Company Donovan Paint and Lacquer Company DeGregory Paint Stores Dannenbaom Paint Company Deoaer Hardware Company, R. D. Evans Brothers Eastern Greyhound Lines ' Eavenson and Sons, F. Equality Oil and Fuel Company Eaerick and Duncan Company Eastern Varnish forks Edison, Incorporated, Thomas A. Sljer California Company fiabassy Paint Company E. A. B. Paint Company Eagle Pitcher Lead Company Freaoh Volf Paint Prodaote Company Factory Economy Paint Store Floorshlne Paint and Vanish Company 4 DR. :r. i 7,645.07 25.00 1,354*00 l,o50.00 536.00 240.63 104.50 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*84 180.X 298.31 15*25 UO.X 41.17 49*75 6 405.X % 30,783.73 $ 405.X PNYC 00011973 ~V5TC?.^Z?-- L2D0ER TRIAL 5ALAKCZ - AU0T5T 31 ST, 1935: (Continued) Brought Forward Fuller - Clarkson and Company TulJDum and Company Fuller Company, Y, P. Firestone Tire and Rubber Company Glldcen Company Goldberg and Company, C. M. Colden '."eat Paint Company Carden City Pot~ery Company Ceneral Cable Company Ceneral Petroleum Corporation Clooe Paint .Yorks General Printing Ink Corporation General Paint Corporation (San Francisco) Gladding - McBean and Company Ceneral Paint Corporation (Loa Angeles) Callaway Terra Cotta Company General Ceramic* Company Great VJeatern Paint Manufacturing Company Globe Porcelain Company Hotel Everett Howell Company, Charles H Hill - Hentachel Company Harris Company, J. E. Eontel 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, Kinc Oxide Department International Printing Ink Corporation International Paint Company India Lacquer Company Ideal Laboratories Jonnson and Company, Charles Even King and Company, 3. and 7. Krstnk Company, A. J. Keystone Brass and Rubber Company Keystone Refining Company Keystone Varnish Company Eunrt Brothers King Paint Manufacturing Company LaPleur Brothers Leco Paint Company, Incorporated Longman and Martinss Landers Segal Color Company Lone Star Paint Company Lerlton Manufacturing Company Lynch and Company, A* J. Louisville Pottery Company Lund and Pons Paint Company Merchants and Mnnufaeturers Paint Company Marvelltt Paint Company ktarpty Varnish Company Meyer Brothers Drug Company Maher Paint Company, Dan P. Midland Chemical Company ttieller Mosaic Company Master Paint Manufacturing Company Mechanics Paint Company Masury and Son, John I* Malllncxrodt Chemical Voiles feitual Paint Manufacturing Company Ml eeourl-Kansae-Tarss Railway Company king and Stephens McGrew Paint Manufacturing Company McKesson and Rooblna Carried Forward 5 DR. 5 30,764.73 *4.00 60.00 300.00 16.30 23.88 480.00 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 28.88 1,833.00 267.75 786.00 15.00 42.00 60.X 756.23 576.38 16.31 240.X 168.75 3.X 40.32 26.63 300.X 170.x 12.75 96.75 1,X 25.X 120.X 16.31 yoo.x 454.X 980.X 170.72 40.X 236.X 376.32 U.X 36.X +05.00 oO.X 94.26 364.X 191.X 607.X 63.75 323.26 14.33 37.X 2.38 30.X 3,916.21 383.27 X.X 101. X 110.19 42.X 206,75 I X,182.19 I 405.X P/VVe 001i974 TOSTCMBRS L2P0IR TRIAL BALANCE - .MpyjgT 3137, 1935: (Continued) Brought Forward McKesson feetem W. Drug Company McKesson Merrill St. Louis Drug Company Wc<,uade and Company, John Norfolk Paint and Varniah 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 Vorfcs National Hotel Management Oakley Paint Manufacturing Company Osgood Company, Charles Okoaite Company . Omega Chemical Company Orao Manufacturing Company Olson Preservative and Paint Company Phelan Faust Paint Company Pierce Company, F. 0. Progress Paint Manufacturing Company Paye, C. G. Pacific Bone Coal Fertilizer Company Parafrina Company Parkas Paint Works Pennsylvania Greyhound Lines Premier Oil and Lead Works Perlman Paint and 9upply Company Pontiac Paint Manufacturing Canpany Perkins Company, Dorothy Philip Brothers Parker Preston and Company Pure Oil Company Physicians and Hospital Supply Company Paragon Paint Company Pysol, Incorporated Pecks Pure Paint, Incorporated Pyramid Paint and Varnish Company Rinaked Mason Company Randall Company, R. 3. Roosen Company, H. D. Rice Paint Works FUbeasteln, J. Raritan Copper Works Rising Sun Color Works Rohoin* Tire and Rubber Company St. Louis Surfacer and Paint Canpany Sherrin Williams Company Sinclair and Valentine Sul.Iran Paint and Wallpaper Company Sheridan Color Company Stewart Pednt Manufacturing Company Strael-Gans Paint Company Sterling Paint and Color Company Sinclair Refining Company Sterling Varnish Canpany Sterling Paint Company Speed-O-Lae Produets Company Simplex Wire and Cable Company St. Louis - San Francisco Railway Company Swarely Paint and Varnish Ccatpany Spencer Company, F. X. Standard Chemical Work* Standard Glass and Paint Company Southern Paint and Varnish Company Shore Company, Harold S, Seldllts Paint and Varnish Company Schulte Paint and Lacquer Manufacturing Company Sanitary Xartheflware Specialty Company Socoay Vtoitui Oil Company Sundry ^ployeee - Akron Carried Forward OR. :r. 50,162.19 $ 405.CO 74.63 ,13 168.75 4,216.31 11.21 6.56 240.00 850.38 69.25 429.00 105.00 209.73 37,52 126.00 17.00 30.00 25.50 20 195.00 810.00 229.50 IX.50 42.X 65.25 210.X 82.X 2.23 231.50 57.50 405.X 12.75 5,274.25 16.35 1,200.00 12.75 223.00 976.X 42,X 40.X 405.X 28.75 553.43 *0.X 356.X X.27 IX.X 480 ,X 16.31 3,830.93 81.X 70.X 36.X 1,847.x 42.58 81.X 888.73 560.48 48,13 660.X 431.25 42.X 9.X 403.X 921.X 103.75 15.X X.13 -120.00 40.X 17.75 962.X 8.86 * 90.SM.e9 s.oo PNYC 00011975 rurr^RS ledger tsal balance - AUGUST 31-r, 1935: Continued) Brought Forward ichenectady 7amish Company Samel Stamping and Enameling Company San Diego Paint Company Stafford Millar Company Thompson .'/ood Finishing Company Thompson Hayward Chsaical Company - Kansas City Trojan Powder Company Ttobette - -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, Woolaey Paint and Color Caapany, C, A* Welekopf Paint Company West Paint and Varnish Company Wlshnlck Tumpeer Company Western Electric Company White Company, J* M. Westlnghouse Air Brake Company VThitlam Uanufaeturlng Company, J. C, Wooster Chine Company .lost Company Yarnall Paint Company York Finishing Works Yoder and Gordon DR, "3 $ =0,354.89 } 4Dc.DC 37.60 2,867.50 42.00 12.75 15,40 10*.09 ca.50 42.00 335.25 126,00 273.75 900,00 15.93 $ 72*00 556,07 83.33 63.80 109,05 227,8$ 24.00 oOO.CO 162.00 1,970,00 2,799.50 130.00 43.75 550.00 2.75 202.50 67.50 =06.25 54.00 240.00 .42 170.00 41.61 10.00 37.50 702*50 18.00 007.50 $ 95,036.61 $ 405.00 ACCOUSTS RECEIVABLE: The following Accounts Receivable as of August 51st, 1935, were past due and remained wholly or partly unpaid at December 31st, 1935: CUSTOMERS LEDGES: Name and Remarks American Paint and Supply Company Dallae, 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 . 33.75 60.00 Paid $202,50 in October and $93.75 In December, 1935. Decraber balance $686*25. Insufficient working Capital. Good Credit rating. A safe account but rery slow pay. American Car and Foundry Company Berwick, Pe. 6/ 9/35 - Invoice 321 Oalamce) Cowers a freight deduction which will be adjusted. _ 151 Last Payment Date Amount 2/15/35 $ 280.13 7/15/35 24.75 Balance c/21/35 } 256.25 l.ol PNYC 00011976 (Continued) V:?C?.SR3 LEDGER: (Continued) Verne and Remarks ApeI Color '.'orks Vow York City, V. Y. 7/ o/35 - Invoice 1463 =/2o/oo - Icroice 1740 Paid 8120,00 in October and !120.00 in December, 193b. December balance $44c25. Not a xood account. Cn C.O.D. basis at present and require an acditional pay ment on old account with eacn purchase. Expect to make collection cut will be slow. $ 120,00 120.00 Chamberlain Paint Company Scranton, Pa. 6/14/35 - Invoice 982 6/26/35 - Invoice 1252 7/17/35 - Invoice 1643 7/51/35 - Invoice 1677 8/20/35 - Invoice 1700 8/31/35 - Invoice 1840 Paid $296.25 from September to December, 1935* December balance $235*50. Chronic slow pay. Not a high grade concern. Limited credit granted. $ 59.25 59.25 59.25 59.25 59.25 59,35 California Faience Company Berkeley, California 7/30/35 - Invoice 1007 Good. Expect payment soon $ 9.00 DeGregory Paint Storee Los Angelee, California 5/ 6/35 - Invoice 467 $ 84.00 7/ 9/35 - Invoice 875 42.00 Paid $42.00 in October. Decamoer balance $168*00. A good concern but occasionally vary slow. Credit reports are favorable. Expect payment in full soon. Hastings Paint Company .vest Springfield, Uassachusette 6/ 5/35 - Involcs 502 6/ 6/35 - Invoice 900 o/lc/35 - Invoice 1132 6/18/35 - Invoice 690 6/25/35 - Invoice 750 0/25/35 - Invoice 1222 7/ s/35 _ Invoice 3--471 7/12/35 - Invoice 885 7/12/35 - Invoice 1841 $ 81.00 30.00 30.00 ttl.00 81,00 30.00 8.30 31.00 30.00 8/ 7/35 . Invoice S-528 8/14/35 - Invoice S-562 6/ 7/35 Invoice 870 8.30 21.13 cl.00 8/21/35 . Invoice 970 40.50 8/30/35 . Invoice 1078 1.00 0/ 7/35 Invoice 1446 b/2l/35 - Invoice 1722 30.X 30.X 8/30/35 - Invoice 1828 12.X Paid $111.00 in September, $111.00 in October and $110.00 in December. Decaober balance $642.78. Insufficient working capital. Not a safe account. Always slow and have considerable difficulty in keeping the account down. Trying to get the account in balance and will then ciscontlr.ue doing business with them. - Eunst Brothers 1 Francisco, o/H/35 5/20/35 6/ 1/36 7/31/35 7/ 9/35 - California Involca 543 Invoice 609 Invoice 528 Invoice 993 Invoice 1585 $ 42.X 84.X 70.X 203.X 55.X Paid $251.00 In Septaaber. December balance $701,50. Paid $511.X in January, 1936. Good account. Occasionally slow. Last Payment 3&te Amount r/2e/35 i 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 -f--q/35 $ 240.00 3c5.50 9.00 126.00 756,23 454.00 pNVC 00011977 :7A3LS: (Continuea) :e?g?.S LEDGIR: (Continued) Name and Remarks King Paint Manufacturing Company Brooklyn, New York 3/ 6/35 - Proteat Pee */ 4/35 - Inrolce 188 5/H/35 - Inroice 533 5/22/35 - Inrolce 611 6/ 6/35 - Inroice 508 6/21/35 - Inrolce 682 6/ 7/35 - InToice 87* 8/16/35 - Inroice 920 Paid 4303 .75 in September and |270,00 in Norember. balance Sail.25. Formerly a high grade concern. $ 1.25 135.00 168.75 135.00 135.00 135.00 135.00 135.00 December Credit report* incicat# rrom four to six month* alow. Sot extending any fur ther credit. Collectible, Meng and Stephen* Company Rochester, Hew York 7/16/35 - Inroice 9*1 (Balance) $ 8/ 2/35 - Invoice 136* 8/26/35 - Inrolce 1738 Also inrolce in Septmnber of $*0,50 unpaid. Not a deelrable account. Making special effort to collect. .19 55.00 55.00 " Midland Chemical Company St. Paul Minneaota o/2*/35 - Returned Check $ 6/2*/35 - Discount c/24/35 - Protest Pee Sad Check in payment of 0,0.D, shipment by Cameron Transfer Company from Warehouse Stock. Doubtful. 11.88 .12 2.33 0. 7. Nemitx and Son .Hutchison, Minnesota 2/28/3* - Inrolce 88 1/22/3* - Le*e Cash Overpayment Controrersy on an item of freight. $ Adjustment will be made. 7.58 1.00 Parker Paint Work* Rochester, New York o/12/35 - Inroice 1078 Paid |25.50 In September and 435.Qu in Norember. irpect to collect the balance. Not extending further credit. 4 82.50 Pontiac Paint Manufacturing Company Pontiac, Michigan 6/ */35 - Inrolce *88 4 61.00 6/17/35 - Inrolce 630 81.00 7/22/35 - Inroice 933 81.00 7/23/35 - Inroice 935 81.00 ij 26/35 - Inroice 1012 81.00 Paid 481.00 in Septwber and 4182.00 in October. December balance 4202.50. Business is not on a paying basil. Credit reports show two to four montba-slow. Collectible but will not extend further credit. Pyaol, Incorporated Hattome, New Jersey 4/ o/35 - Inroice 152 - 4/24/35 - Inroice 262 5/31/35 - Inrolce *27 5/21/35 - Inrolce 57* 8/29/35 - Inrolce 988 Paid 4124.50 in September, 4250.00 in Norember and 4500.00 in December. The December balance is 4H9700* ^ large concern. Good Credit rating. Credit reports indicate slow pay but a satisfactory account. 4 *1.50 *1.50 *1.50 *1.50 910.00 last Payment Sate Amount S/14/J5 I 202.50 e/ 2/35 80.81 7/ 1/35 121.50 5/2*/35 15.00 6/20/35 PI. 00 5/17/35 42.75 Silanes t'31/35 4 ,00 110.19 14.33 6.56 82.50 *05.00 976,00 PNYC 00011978 !R: (Continued) v'ime ano Rer.erks J. Rubenstein Corona, Long Island, Mew York o/XO/35 h/2c/35 5/25/35 - Invoice Invoice Invoice 475 68 9 1237 40.50 40.50 c/13/3o - Invoice 616 o/13/35 - Invoice 1048 7/ 2/35 - Invoice 765 7/ 2/35 - Invoice 1391 c/16/35 - Invoice 916 S/16/35 - Invoice 1560 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. ba3le, Mot a satisfactory account, l'-ay *ive the account to a Collection Agency for collection. Stewart Paint Manufacturing Company meapolis,, Vinnesota o/ 3/35 - Invoice 464 6/ 4/35 - Invoice 478 6/11/35 - Invoice 590 of 1/35 * Invoice 806 6/ 5/35 - Invoice 874 o/ c/35 - Invoice 966 6/11/35 - Invoice 1042 6/12/35 - Invoice 1044 1 121.50 33.75 101.25 110.00 -10.00 30.00 110.00 4.81 6/13/35 - Invoice 1046 110.00 6/20/35 - Invoice 1164 110.00 6/18/35 - Invoice 706 101.25 6/24/35 - Invoice 1218 220,00 7/12/35 - Invoice 887 67,50 7/ 1/35 - Invoice 1349 110,00 7/lo/35 - Invoice 1631 ilO.CO 7/23/35 - Invoice 1697 110.00 7/29/35 - Invoice 1B55 110.00 6/ 9/35 - Invoice 888 67.50 t/ 7/33 - 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. 3tr3ael - Gans Paint Company Louisville, Kentucky 3/30/35 - Returned Check $ 40,10 8/30/35 - Discount .40 8/50/35 - Proteat Pee 2,08 Check issued to oorer Invoice do6 of August 6th, 1935. In September petition filed la the United State* District Court under Section 77-B of the Bankruptcy Act, Our claim is being filed in January, 1936. Recovery 1* likely to be very small. Sterling Paint Compear Zmeryvllle, California 1/22/35 - Invoice 265 $ 48.13 In September a Creditors Composition Settlement Agreaoent as signed to accept 25# of the account as full payment. Ixpect thia payment soon. Balance of the account will be charged off. Standard Chemical -Vorks, Incorporated Reading, Pennsylvania 5/22/35 - Invoice 8/27/35 _ Invoice _ Invoice 6/12/35 Invoice 7/ 5/33 _ Invoice 7/24/33 Invoice --/ 1/35 _ Invoice 8/14/35 - Invoice 621 1245 342 614 467 1705 630 498 $ 81.00 110.00 6,30 61.00 S.30 220.00 81.00 o32.00 Paid $191,00 in September, $97,60 in November and $220.00 in December. The December balance is $591.60. Not extending further credit until the balance ia paid. Has not been & satisfactory account. Past record shows very slow pay. J Last Payment -a be .-viount 5/21/35 $ 127,13 0/19/35 260.50 S/26/35 42.58 2/20/35 50,00 7/24/35 199,30 -aiance 'ir. i, oO 1,347,56 42.58 48.13 921.50 PNYC 00011979 Acccuyps zzzzi . (Continued) ? LBL'OBB: (Continued) Name and Remarks Standard Glass nrf Paint Company Berkeley, California 6/2o/35 - Invoice 1278 '(Balance) 7/22/35 Invoice 1769 7/27/35 - Invoice 1891 6/24/35 - Invoice 1726 13.75 30.00 30.00 30.00 December balance 3206.13. L H. Butcher Company, 5an Francisco, California is handling the account. Promised a payment recently but, as yet, has not been received. Considered collectible but not a desirable account. Not extending further creait. Last Payoent Date Amount 3/2?/35 $ 200.00 Balance t/31/35 $ 103,75 Southern Paint and Vamlah Company Dallas, Teccas 10/27/34 . Invoice 1890 11/13/34 - Invoice 2031 11/16/34 - Invoice 2231 Paid $5.00 in Septmnber, 1935. Balance transferred to "Uncollectible Accounts" in October, 1935. Gone out of Business, Former Proprietor prooiees payment. Doubtful account. 6.00 6.00 3.00 io.00 Tibbetts - Carr Company, Limited Los Angeles, California 6/10/35 - Invoice 660 (Balance) ,1.23 7/17/35 - Invoice 7/ 1/35 - Invoice 649 917 168.00 42.00 7/11/35 - Invoice 1015 8/29/35 - Invoice 978 ' 42.00 42.00 Paid $167,,25 from October to December, 1933. Decmnber balance $379.75,, Operating under a Creditors Agreement since October 3rd, 1935. Charles R. Marfel, Assignee. Our consent to consignment of our claim presented January 10th, 1936. Business is shoving progress and seas profit has been made. Effort* are being made to dispose of the business as a going concern, and prospects are favorable. A substantial count of recovery is expected. 8/23/35 42.75 335.25 0. 7. wisher sen Francisco, California o/ld/35 - Invoice 1069 $ Our Agent. Deduction will be made from Coaxnission payment. 2.75 6/17/35 2.75 2.75 J. C. Whltlaa Manufacturing Company ^adseorth, Ohio 6/18/35 - Invoice 406 $ 6/ 24/35 - Invoice 420 7/ 1/35 - Invoice 453 Paid $15.03 In Septaber. December balance $41.81. Placed on C.O.D. basis. Considered c llectlble and erpect payment soon. 16.60 16.60 8.61 6/26/35 20.68 41.61 Tarder and Gordon NorfoLk, Virginia 5/14/35 - Invoice 539 . 1 121.50 6/13/35 - Involoe 612 121.50 6/27/35 - Invoice 784 8/ 2/35 - Invoice 862 8/27/35 - Involoe 1030 121.50 121.50 121.50 Paid $121.50 in Septaaber, $121.50 in October end $121.50 In Decmnber. December balance $466.00. Not a very safe account. Chronic slow pay. Credit reports show tso to six months slow. Trying to keep the account under control. Nov selling on each order separate basis. 8/29/35 121.50 607.50 UNC0LLZCTIBL8 ACCOUNTSt The follovlng inactive accounts, tha status of vhich has bsen definitely established-; have been transferred to one account, "Uncollectible Accounts", Soma payments ars expectad on a few of the accounts bsfore they are charged off. PNYC 00011980 ACCOUNTS P.ECSI7A3LE: {Continued) .TITOMSRS LEDGER: (Continued) ::C "LIZ-TTSL2 ACCOUNTS: .. .lame ana Smarts (Continued) Last Payment Pat. j=?unt American encaustic Tiling Company, Limited tourer, New Jersey 4/ 2/35 - Invoice 426 $ 36,00 5/11/35 - Invoice 977 36.00 Tnis company is under process of re-oreanizatioa 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 share. Court hearing scheduled for January l/th, 1936 for approval of re-organization plan, ultimate recovery will likely he very email. . j_ Keystone Pottery Company Trenton, New Jersey 7/10/34 - larole. 1319 (Balsnc.) 1 7/20/34 - Invoice 1174 o/l4/34 - Invoice 1174-B A voluntary petition in bankruptcy was filed April 16th, 44.50 36,50 2.25 1935. Our proof of claim filed June 24th, 1933 with C. B. ffheelaua, Referee In Bankruptcy, A payment of $1,43 was received December 9th, 1935, A dividend payment is pro mised in January, 1936. Recovery will be very nail. 4/12/35 Lehman Brothers Jersey City, Sew Jereey 10/ 1/29 - Invoice OS--4364 (Balance) $ 60,42 12/26/29 - Invoice OS-4663 3,36 This company has been operating under the direction of a Creditor's Conmitte* since March let, 1930. Dividends of 9# have been paid, and further dividends are expected, though likely to be very small. No 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 $16,99 in October, 1933, $18,99 in June, 1934, $16,99 in November, 1934 and $16,99 in June, 1933 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, 6/ 6/35 16,99 Phoenix Pelat and Varnish Ccaipany Philadelphia, Pennsylvania 6/ 3/31 - Invoice 03-906 (Balance) $ 10.39 7/15/31 - Invoice 0S-94T 217,50 Bankrupt. Proof of claim filed February 4tb, 1932, with David femsr Amram, Referee in Bankruptcy, The above pay- meat repreeeats a 3# dividend. Seme funds are available for distribution to Creditor* but are held up due to litigation over claims for wages, etc., which have not as yet been eettled. A mall final dividend may be paid. This account was written off In December, 1935, 6/ 6/32 7,03 Balance 8/31/35 $ 72.00 83,33 63,60 109,05 227,89 I found the books and records of this cempany to be la good order. PNYC 00011981