Document ByjjZ7KbJwRMDEepQv3DVQxnJ
CHICAGO PAINT & VARNISH FACTORY
V
Cost on Manufactured. Circle* for 1st Quarter Ending NoTsmber 30,1919.
Circle
At , Coat 1917-1918 Based on Net Output
At . Coat 1918-1919 based on Net Output
At . Coat 1919-20 based on Nat Output
L&tsat Coat based on Net Output
Prarioua Billing Price* (No t ember)
Daoaoibsr Billing
Price
<> * Ol
91.95 94.79
102.25 139. m
41.51
Inr. 95.60 " 13?.00 42; 40
124,76 212.05
36.70
113.20 192.20
36.70
113.20 192.20
36.70
THE MART:': VARHISH CD
r il l ie c ir
COMPAKATIVE rRATil KG
T.TMVHT - Be To
Pina 1 Clo
Sept. 1st. 1918 to Aug. 3l3t, 1919
Se
SEOSS SALBS ~ liaiea to 3. IV.CO. TOT-----------------------
factory uae less cost; of Sales to S.W.Co.
for Factory Use Gross Profit
Sales to M.S.Co. of 111. for Factory Use
less Cost of Sales M.S.Co. of 111, for Factory Use Gross Profit Percent f Profit to M.S.Co. of Illinois, Sales
Sal'es to M.S.Co. of Hat. for P Factory Use
Xs s b Cost of Sales M.S.Co., of Heb,, for Factory Use Gross Profit Percent of Profit to M.S.Co. of Nebraska, Salas
Sales to M.S.Co. of Illinois for Resale
less Cost of 3ales M.S.Co. of Illinois for Resale
Gross Profit Percent of Profit to M.S.Co.
of Illinois, Sales
Sales to M.S.Co. of Heb., for Resale'
less Cost of Sales M.S.Co. of Heb., for Resale Gross Profit Percent of Profit to M.S.Co. of fiebraska for Resale
326,724.18
11,080.58 11,080.58
s i f ;"S43.6o
11.080.58
138,655.94 138,655,94
131,839,1p
6,816,76
i7 9 .ss
4.9J
. 15,318.74 15,318.7-i
14,122,29
1,196.45
161,668.92
7 ,,s:
35,462.98 35,462.98
T2S720-5.94
S2.-286.S2 13,176.36
37.1
11,689.60
11,689.60 7,485.66
4,203.94
35.9?
Total Gross Profit on Sales to M.S.Co. of Illinois and Hebr&slca for Factory Use and Resale
25,393.5?
Gross Trade Mnfg. Sales
Less Sales Deductions:
Mdse w " "
Returned Allowances Overcharges Freight
Nat Trade & Mnfg. Salas
jiasa Oost of Sales
Mnfg. Mdse. Less Inventory
72,144.12 5.070,11
S.W.Co.Mnfg ,ltdse 5,608,85
Less Inventory Unmnfd.Sundries
114^49 6,776,08
Leas Inventory ------------
--
Gross Trading. Profit on
Trade & Mnfg.Salesi
'' T rade A lfeig *
:'
114,516,34
2,386.50 386 .79
1,484.78 6.163.68
108 J 35BISS
67,074.01
5,404.36
5.776.08 78.344.45 ----------30|008.21
27,69
0007-SWP-000129943
VARrn .'T' '
~ ILI/TrCTC
.'? - rU:
V i na Z C1 o si ng-
5ept. lgst, 1917 to Au k . 31st, 1918.
i,724.16
'-,000.58 11,030.58
, 643.60
11,080.56
655.94 136,655.94
131,339.1^
6,316.76
7W7TTO
,313.74 16,313.74
14.122.29
1,196,45
,668.92
78i _
,462.98 35,462.98
7 'STJETW
22 .-23-Z .52 13,176.36
37 .15
,639 .50
11,68" .60 7,485.66
4,203.94
35.96
BOO,146.50
87,073.23
82,926.88 4,3.46 *35: ' 4.76
12,442.73
11.850.22 -----------------
592*51 4.76
100,530*54
25,166.76
26,166.76 17.257*21
7,909,56 31.43
75,463'7TB'
17,694.07 17,694.07 12.133.09
j' 5,560,98 31.42
L63.&S >52.5T
25,393,51
/
i. .57 ,769 .71
31408.91 f11S.28
3l15.17 lfelg.2S 8.355*59
V 49,414.12
TS7203.35
;44 .45 108.21
0007-SWP-000129944
SBPT. 1st, 1918 to Sus. gist, 1919.
(xrosa trading Profit on Trade & Mnfg. Sales
30,008,23
Total Cross Profit on Salea to MSS,Co, of Illinois and
Nebraska for Factory Use and Resale
Sales Expense: Office & Warehouse Serv,
Travel,Exp.^Service Advertising Used General Expense Collection & Allowances Stationery Stamps Cartage Mdse, Discount Suspense-Bad Debts Cleveland Direct
Total Sales Expense
Net loss on Trade &- Mnfg, Percent of Loss on Trade &.
4,693.72 15,314.63
3,848.96 1,483.30
392.48 256.02 434,,33 784 .75 1,531.42 . 575.17
97 .38 29,312.16
ales
Mnfg. Salas
Net Trading Profit
Profit on Raw Material Sold Total Net Profit from Sales
Profit & Doss
Total Net Profit from Sales
26,089 .56
Discount,Acots. Payable
579 .69
Interest,Bills Receivable
471 .16
Interest,Liberty Bonds Interest,Plant
168 .06 102 .00
Excess Reserved for Federal Tax
1916-1917
Excess Reserved for Federal Tax
1917-1918
3.236 .13 '30,'sir7ZV
Less:
Interest,Bills Payable .16.67
Depreciation
Later
Railroad Claims
6.38
Reserve for Federal Tax Later
23 .05
30,622 7SS
lOjS Commission To Mr.. Z.E.Martin _ Later
Net Operating Ppofit for Fiscal Year TiTa r
Percent of Net Trade & Mnfg, Sales
Lat e r
Add Credit Balance before Closing.
Later
Credit Balance after Closing
Later
S'
<t r~M > .<> <*.
//
Y
i 93 51
2 7.05
696.05
.64
26,08 9 .56.
0007-SWP-000129945
.93 9 SO,003 2T
.30
48
02
32
.75
. 42
,17
.36
3X2,16
' 3H CO
AO NO IS Before Filial CloBiriK.
Sept. 1st, 191S to August 31st, 1919. 17,653*70
2,459,99 10,463;51
3,247.88 1,054.60
341.12 288.76
84,67 425.05 1,348.76
7.05
19,714.34
69 6. C 6 ,64 / i S'si' &f /' '"7V^/flA1, Co -f, i-.f />-
26", O s 9 . 6 -
O-L-J
18,209 ,39
2,060.64
39,9 4.1'
16,143*75
475.03
T~5~5'55;7e
32*68
579.69 471.16
168,06 102.00
v> 05
361
^v
23.05 30,622.55
Later ; oar Late r ;a Later
Later
Later
200.31
454.34 188.79
8,000.00
T8,7
8.643.13 1<*>, 100.8 6
Xt010i09 9;09C,77
14.708,56 23,799*33
' '0*
<5 <2? (e > 2- 05 ^
?*8I
T
0007-SWP-000129946
THE
v a r ic t .;
n OF TLX T;] 013
aAT.A-WCT1, SHEET Au k . 31a t , 1919 - Before Pinal Closing
ASSET'S ; Machinery & Pixturee
Cash Liberty Binds AooonntB Receivable
w " Officers
i
Employes Bills EecelYabls Special Loans
Martin Senour Co. of 111. Martin Senour Co. of Web. 3hrwin Williams Co .
1,736.91 859.15
10,820.00 37,490.77
6 k 7.40
17,101.37 6,015.36
13,813.47
Xnvento ry: Varnish, factory: Raw Material H " Packages
" " Fuel
43,944.06 8,068.05 384.50
58,350.61
Sales Organization Hnfg. Mdse.
" " s . W. CO . Advertising Mdse.
Stationery Prepaid Insuranoe Prepaid Interest
5,070.11 114 .49
139.11 ------- --
57.674.38 145.539.86
LIABILITIES:
" Capital Stock
Loss & Sain
Bills Payable
Reserve for Federal Tax, 1917 - 1913
"""
" 1918 - 1919
Reserve for Personal Property &
Real Estate'Taxes
Accounts Payable S. W. Co.
" " Mdse.
M " Officers A- Employes
1918 - 19 Gain
5C , 00 C;. ,' C 83,799.33
373.14
7 51 08
31,169 133 ;
S,567.46 ' 291 .43
30,688,55
26,855.89 4,069.34 21?. .80
2 .VSU'.'Se
43.95 40.65 120,00
0007-SWP-000129947
I!I3
T3-:-: ;n . OF ILL 00X3
BALAKOE SHEET Aug. 31st;. 19X8 -- Final Closing
1,7 3 0 . ? i
SET9.15 10,8SO ."O 37,400.77
52 7.4-0
17,1<~ 1.37 6,015.36
13,213.47
1,699.10 7,140.14 2,502.50 19,737.09
10,000.00 9,600.00 4,859.22 869 .12 830.84
-1
49
11 -- - .fil?.A? j i3,a.
. 4 6.--> 2.'
2 9 j . '2 50.. 622 . b b
26,855.29 4,069.34 218.30
31,142.83
4,710.60
2 ,T3C.'S^
43.95 40.65 _ 130.00
7.646.02 38.788.85
9 6,016.86
50.000.00 23,799.33 10.000.00
8,000.00
265.87 747.952,537.79 665.92
96,016.86
0007-SWP-000129948
TJdK 1*1 > Ua 'i IK V jUtJd on. O U . OP 1 OOtaPABaTlVK u'a.uiiic o'x ...a Sept. 1st. 1918 to -^-aKast 31st, 1919.
i iK;I 8. Pi nnh i- >ii e pt , ]
GB033 SALES Sales to 8 .(t.Co. for factory use la 63 S OOBt of Sales to fox factory use Gross Profit
S.iV.CO.
y 327,713.72
11,080.68
11,080.68
316-, 633.14
11.080.58
j: - >' < -
Salas to M.0.C0. of 111. fi> r factory use
Less cost of Sales M.s.uo. of 111. for factory use SroBB Profit Paroant of Profit to ii.S.Co of Illinois, Sales
Sales to M*S.Co. of lieb. for factory use
L e:: ; oo ;'' ? - . : v. . . Leas cost. of 'Sales U.S.Ooa of
KebP for fab tor y use 4>pu Profit Percent of Profit to ---o.Co
of Nebraska. ^ales
138,141.96
nL -;C'K ,, 176,491.16 ' 16 ;92'2.24
LS >3 /? yu
138,141.98 131.663.84 -/ Si
'/t,
16^022.24 16,021.16 / V f v- >
6,678.14
. * 'C.yc
eol.08
) /-
4.76 i **
j~Jr' fVr'J' ('f
\/2>: / vV*
4.76
y/
16l,66BT2' v"'
7.3/i it.:
Sales of M.S.Co. of Illinois for
Besale
36,462.98
35,462.98
Less Cost of Sales a.s.Co, of 33.1s ,,1'ur Hesala Grass profit
a8.tt96.6B ^ 1S.176.S6
~JA
Percent of Profit to ui.S .Co
o~f Illinois,sales
37 .16 f \ c.
126,205 .94 Vr
Sales to u.a o. of
for
Besale
11,689.60^ 11,609.60 /
Less Cost of Sales M.s.Co. of
Beb . , for BOBale Gross Profit
7,485.66
'' 4,203.94
y
)^
Percent of Pro at to M.s.Co.
of Nebraska for Besale
3b.96 - >
Total Gross Profit on Sales to
M.S.g o . of Illinois and
Bebraska for Pact or y ase
and Besale
Gross Trade & Mnfg. Bales
114,516.34 v'
Leas Sales Deductions:
Mdse Be turned
2386.60
" Allowanoes
386.797-
" Ov-erobarges " Prei^it
X1484.78 X
1905.61^ 6.163.68
Het Trade & Mnfg.
108,362.66 -
Less Cost of sales 76632.20'
Unfg_. Mdse.
, i 7 ojtj-. a /
Less Inventory
S .W.co*Mnfg Mdse. ,-----------.--------
6070.11 71662.09 '1053.47--------------- '
ef
114.49
938.98------
F77SJ03 v-
V<
67 76.08`'''7 8.277.16 7,?
------T""-- So&*fk .61.. /
on ipr aao & snxg, alets''
Percent of profit to Bet Trade & Mnfg. Bales
3d O o. %,/
k.
24,769.62
.7
/
3<3
27 .76
7/
0007-SWP-000129949
it jkk i ill x X n V j ii'CX'i loti U U KJJf X aj -.. li-j .16
'33 -1 X VK .uX\ ^v.w/j. U G o'-i
-- xv-fU ::;K
ati 1^19.
UXj U j^JLJ is:
aept. 1b gjgj.-917 to AUR, aiBt, 1918.
!7,713.72
. L, 080 .68
11,080.58
.6,633.14
11>080,58
>8,141..88
138,141.98 131.663.84
-A
SIFT
m:
200*146,60
'6,491.16
- . > 2 2 . 24 .: ,J: f.-'/V
j 1,6G8TSS' ^
>5,462.98
35,462.98
!6,205.94 S .1, 6B9.60*' 11,68 9 .60 ^
7,485.66 > '
4,516.34 v'
6,163.68 A8*368.66
,s i- o <' ---- S-'fe'J-.CU*
'78.277.16 7,f 3*/#/ t/3 30076*6l- J
3a oe. % /
27.76 t
0007-SWP-000129950
'ib..-.. a. d..,l Sa RS;3Lx 3 0. OP_JL
C vJr.j . ' , ij*i rivi '* t- --A . ., 6 1 A ., l . i
..
-- w
*. ' : --
aept, lat. 1918 _jto_
c jlat, 1919,
_1 t.,
srcsnt of i'9t ..r ..de d.
,.inff-.. i.iles
firoas Iruiiing Profit on i'raie u iinfg. o;;X9B
30,076.61 l>
Total. Cross Profit on .jules d.o.uo. of Illinois and dobraslca for Factory Dae and Resale
to
aalaa Kxpense;
Of f ic e t Kur eh o us e o erv .
Travel.Sxp. tc dervioe
Advertising Used
ceu'rsl Expanse
Collection
nl. lowanoes
Cta tionerji
otamps
Cartage
LA else. iJis c o ant
Liospe-'ise-iJad <ebts
Cleveland jireot
Vo tal utiles gx/. ene e
4,593.72 v'
15,314.63 3,848.96
1,533.30 V 3 93.48 Bo6.02 Y , 434.3c *3. 784.7a ' ,
1,031.42 361.97 v\. 90.9c V 29 ,14s .31 v
Bet Lose on ^r.-ne c ,,uifg. .;.les Percent of Rosa on Cr.ie w ,.,nfg. ^tlee
Bet Trading : refit
Profit on ;.uw a. ate rial sold la til Jet 'roflt from sales
4,759.32 ^
/...
2,46
10,46
5,24 1,03
34
28
8
42
1,34
2 6.90
933.00 } ."
.86 /, ij
30,6 92.52 26.04
Profit ck Loss
Total Bet profit from sales Interest-- cilia Receivable
Interest-- Plant
Discount- Accounts Payable Railroad Claims
Deduct: Interest on .--ills
uyable
Railroad Claims
Depreciation Part of ,R .iiartin`B Comn. ,
see bchedule 3,Line
25,692,o2 471.16 102.00 " 5 7 9.69 ' 683.44
27 ,528 .81
16.67 v''
-- -- 178.69 v"
396.90
-.92.26
Income including 1`ederal Tax and IQa Commission
26,936.60
add tan exempt income;
Interest on Liberty i-ond.s
168.06 '
1917--18 I'edorul Tax^Reserve onrp.
1916--17
"
""
"
o 2i-u,li.
........................
50 , oOS . 74
Deduct;
federal Tax aseerto 1918-19, pee
Bfthed .3.8345 .18
" M " 1917-18
dial, of nr. -.3. Martin* 8 comn.,
see Bohedule B,Liua -11
186 9,14. 10604.,33
M et Profit for fiscal year
2o,136.42
Add Credit ..alanoe before closing
23.799.33
Credit isalanoa after closing
4^,9B4.7i>
4u4. 18e .
(Bee
8000.0
io io .c
0007-SWP-000129951
P 'H
sxuent ox r ,v a a u. . .let?
1917 to
17,65^*70
<:4 v' o
iCi > \
is. s -4b ? -()P 10,463.61*^
3,347 .88 X ,034.60
341 .12 288.76
8 4.67 4 23.05
&o 0
19,714.34
633.00 .86
33.692.52 26.04
1910 .
Perceirt
of Set
`Xraiie-& .
Mnfg.^alt
18,209.39
39 .90
C <d*Q60ja64^
4.17
16,148.76 ^ 32.68
476,03 ^ 16,623,78 vX"
16,623.78 '<
1,114.98 107 .04*^
693.se*-"
18,639,68 464.34 S
188 .79 ^ (3ee .^elcra)
643.13 ^
17,896 .66 ,
4.00
--_ 200.31^ -
18,iOO;86 k '
eooo.oo ^
ioio_,_os
9.010.09 9,090.77
14, 708 .56 V
53,799.33 r
0007-SWP-000129952
-.s aix I.: V.
CO,
n. tig. 61, 19XS COET>: ar.-' tire aXunoe ah-.et - i
ASSK'I'S
"`^ohinary a rlxtttres (Depreciated 1Ofo) Cash liberty lionds
2nd
3rd 4th 5th.
1,608-22 '
8 69 .16 /'
1,000.00 1,560.00
? ,450.30 8 20.00
` 1C3, 20-00 '
accounts tiaceiTtible
" " - Officers IdllB veceivable Special Loans liatita-denour Go. of 111. j-artiB-uenour g o . of let. jherviin Gilliams Co.
<,,
Kmployeas
5b , 5 j .j ,79 -.59.80
lv,101.GV ; , isjQ s' v>
1. 6 ,160 74
iDventory:
V arnisb. lac-tory
Han w
asiteri al ;; `-kgs.
?,uel
43,944.06 8,082.06 5 s4 .50
62,5a0.ol
sales Organization idfd. Aid.se . " " .. .GO. Adrertising ...dse. ...tiitionery
Prepaid Insumnoe Prepaid Interest
6,070.11 114.49
139.11 ----
6^026.71 67,674.32 v' 146,646.7:5
11..5InlfXiCa
Capital ..took Loss ii Gain Gills F-ayjible
ueaorve for le.ieral , ax-- 1917-18
1918-19 rera.^nal a. ..enlty i'aies accounts j ayiitle, o->. co. M " ...dse. " Of Ci ears C .m lo.yees
GO,....... .JO 4 ., 954 .76
578.14; , --46 . l8 /
7 61 . 02.5
! ,56 5 .46. >,189.87
145,646.7 6
r
0007-SWP-000129953
3 X> 93 g o c b; ixx "ti-o-o
GO lnoe ->*. sis - .Vinci o losing
-vag. 31, 1918,
00 OG
,00
1,608.22
8 69 ,1
9.08, 20,00
3 b, 3JG.79
,-53 .80
17,101...-7
c* , 46 6 . G-c 13,160.7.
. cl
b.vi o7,674.,,2
14o.b4b .76
b0 . - - . G 4-. , So4.7 G
> 4--IS 7 61 .O;.
8,66 :: .46 2 , IB 9 . :V.'
145
1,699,10
7 ,.140 .14
1,000 .oo
1,602,50
i---------
a, 602. bo
19,727,09
10,000,00 9,600,00 4,859.22 869,12 830,84
26,8 bo.29 4,069.04 218.20 31,142.83
4,710 .60
2,730.82 43.95 40 .65
120.00
7,646.02 38,788,85 96016 ,8(
50.000.00 23,799.33 10.000.00
B,OOO.OG
265 .87 747.96 2,537.79 665.92
96016,8
0007-SWP-000129954
saiSRswaKc
'j'jOlii -.a.-j/Va. i ; ixJA... I j . U ^ - yx: '? '_ ;. > . .r--:...
Schedule A to Comparative trading Jta tern on t for Fiscal Year ending nag. 31, 1919:
From the item of 26,936,bb shown in prof if a loss ntatement there is to be uedu< "before computing Jjfeess Profits, ;Vnr X'rofits ,.,nd Income tax. j.lie XOfa o ommi as j. ..; and before deducting oommi ssion. (bee bchouuie )
Income inoluding tax Sc Commission Less Commission as revealed later
Net Income on which lax is oompatad
26,936.bb 1,8b9.14
25,0V} .41
Invested Capital
73,799.33
vVax Profits and i'xoess Pax for X918
Computed under bee. 302.
Subject to 30/ Subject to 80/
4 months-- l/3
,20 000.00 3.OOO.OQ
17,000.00 5,077.41
6,100.00 4.061.95
9,161.93
3,053.98
.far Profits and Excess lax for 1919-
20/ of Invested Capital Exemption-- 8/ Invested Capital
Plus
5,903.95 C . OOP . 0 0
14,763.87
8.9O . 95 !>, 0DO . 92
Subject to 20pi Subjeot to 4Q/
8 months-- 2/3 IxcesB i Oar Profit fax
6,855.92 10,317.64
1,171.18 4.127.02
6,2 98.80
Income Tax for 1918 and 1919.
Net Income
Exemption-- Excess and war Profit lax 6,686.11
Plus
2_0UO . uO
86,07?.41
8,686_.JLd 16,491.30
3 . b32. 1_3 6,oB6.ll
Subjeot Subject
to 12/ 4 monthsto 10/8 months--
l/3 2/3
Total fax.--------
16*491.30 16,491.30
1,978.96 1,649.13
659.65 1.099.42 8,346.18
Schedule 6 to Comparative Trading statement for Pi 8C.-..1 iccr coding wag. si, 1 Be tall of determining amount of 10/ oommis sio-' due *ir. ... ..inrtin:
Line
1. 10/ Depreciation l/l/l7 to 8/31/17- 198.86
2. 10/~
"
S/l/17 " 8/31/18- 188.79
19.83 18.86
3. 10/
"
9/1/18 " 8/31/19- 178.69
17.87
4. 10% 1917--18 Federal fax ..,urplus
3.835.13
023.61
5. 10$b Int. on Liberty bonds
168.06
16.81
6. Net commission deductible as expense in leterminiVi,;' Pic ant of net income
7. add: 8. (Income including Federal fax -- Oommissi on (see rroj.it
Loon statement)
( 9 Less Federal Tax (See Schedule a) 10 .
26,936.55 8,345.18
18,5 91V3V
11 Commission 10/ 12. Commission on Tax exempt income:
12. 10/ of In teres t on Liberty bonds, 168.06 (inoLaned s.oove on line 6 in srre
14. Total Commission
NOTE;
Commission is deducted from net income before deducting depreciation and after deducting Federal Tax computed in. jchedulo j.
0007-SWP-000129955
K IViij-t.. * .....OO. v.:-. p - 8- - i `T
o s b jtatBmea-t t nere is
be aedooted lOyi commission to Ur. 3 . .Martin
:ad Inoone tax. .he lOy.i ooaraidaidn to be computed, after deducting taxes
2)
2 6,936 .55 1,859.14
Zb y 077 .41
j 9.33
00 . uO ' 1 . 93
5 .. 033.98
Jt.9a JO * OJJ
14,739.37
8 9C.-- . b,8bL'.&a
71.16 i;7.02
98.20
o,333.13 S,o36.11
iOO :
(D oi
.11 . O_0
25,077.41
__8,586 ._ii_ 16,4 ol-oO
.96 .13
63 965 1,099.42 -8,345 .18
iiaaal if .r c-iain. ..Ui,. .ol, 1919. i-i o.i due *r . - .....iTtin:
i h '
>cn o u d i d -p
19.83 18 . SB 17 .87
5s. 3.51
16 .81 ezrrniHlrifs .. nouot
of net
if come '.'hich includes
i'ax and liommission
396.90.
(see Pro it
26,936.55 8,345.18
Loss tat orr. on t)
I.&59-14
(inc.lna.ed uoove on line 5 in error J
RR .04.
0007-SWP-000129956
