Document Ev97yG8Yg2eegazwBzJoR9O7N
\mvrm.T nrpr/IYSSS - SALARY ROLL AS OF LOCUST 31ST, 1933: (Cont'dl
K3FIM1HG USPARnmr - OPERATING: (cont'd)
Name
Position
S a 1 a r y per
Base
salary
Rate
Adjustment
C. A. Lundman
Chemist
Robert J. Brewster
Chemist
Entered service on full time effective August 1st,
1933* Carried on Daily Roll for a few months on
part time woric.
200.00 140.00
IV a* 17j*
L. R. Meara Beryl Shields
Welfareman Seoretary to Ur. G. Be Johnson
200.00 125.00
l's* IV s*
Month Adjusted Salary $165.00 115.50
165.00 103.12
ANACONDA LEAD PRODUCTS COMPANT - OPSRATING:
9. J. Knox
Plant Superintendent
3. A. Mayhew
Foreman
Virgil Van Tilburg
Foreman
Stanley Sudek
Foreman
350.00 205.00 805.00 205.00
ivj* lv a* 17j* IV &
288.75 169.12 169 .12 169.12
a h a c o it d i ante o x e d k d e p a r t me ^ - ajj.ra o f t eg:
F. 0. Case
Manager (Paid by H.Y.offlee)
F H. Rurless
Salesman
George Anderson
Sale an
F. L. Brown
Saleouui -
L. G. Street
Sale man
Transferred from Testing Department effective
August 1st, 1933.
B. F. Ballway
Sale sun
Transferred from Plont Cleric August 1st, 1933.
Resigned on August 31st, 1933
Adel la J. Dinger
Seoretary to Mr. F. 0. Case
H. H. Hlnde
Sales Clerk
Virginia L. Caldwell
Stenographer
Bdna Mae Rice
Order Clerk
Evelyn Drum
File Clerk
Salary Increased from $80.00 per months effective
March 1st, 1933. Authorized by Mr. F. 0. Case.
Helen Ohr
Typist
Transferred from Refining Department effective
April 1st, 1933
Flossie Condon
Stenographer
Sntered service July 1st, 1933. Temporary employee.
1,000.00 400.00 300.00 210.00 180.00
155.00
160.00 155.00 100.00
85.00 85.00
80.00
25* ivj* IV 8* 17 J* 17t
lVe*
17|* 17 3* lvi* 17 3* 17 3*
173*
750.00 330.00 247.50 173.25 148.50
127.63
132.00 127.68
32.50 70.12 70.12
66.00
Hat8 Pr -aF 3.00
ftTWrnmwnn T.WDGXB IBIAX BA1ABCX - OTTO 113T. 1988 i
Hit Xamofaeturlng Company Adranee Paint Company Anlt ant Wlborg loom Refining Company Anasenda Wire and Cabla Company Anarloan Tarra Catta Company Amerloaa Anola Company, Ina. 1morloan Shaat and Tin Plata Company Aaarloan Paint and Supply Company Aaarloan ballator Company L. H. Butahar and Company Boyar Chamiaal Company Boaton Voran Boaa and Bnbbar Company Boaellla laboratorlaa Bnllook Waller Xanufaotoring Company Broan Paint Company &all Caiman and Company Coek Paint and Varnish Company Continental Prodnota Company Chleage Titrau Bnamel Prodnota Company Chamiaal Salaa Corporation Craaeamt Cental Supply Company F. /. Ceeledge and Sana Cambridge Olaae Company Cartalntaed Prodnota Company Continental Paianoa and Ilia Company C. F. Cala Canton Slaaa Company A. Oalggar and Campany B. I. dn Peat da lomenra and Company Berea and Reynelda Company - Chloage Baroa and Reymolda Company Brooklyn BarId X. Banna Company Balaa Paint and Tamlah Campany Banaan fire and Bnbbar Company Erie Railroad Company Babemaott Imboratorlaa Blkhart Bnbbar Verka Bagla Pltohar Lead Company Flraatona Tire and Bnbbar Company Paultleea Bnbbar Company Ford Paint and Tarninh Company Federal Blaatria Company Farbart Saharndorfer Campany General Paint and Varnish Company Gllddan Company B. F. Goodrlah Bnbbar Company Ganarnl Eleetrlo Company - Soheneetady, I. T. General dltotrlo Uampany - Bridgeport Garland Company Gilman Paint and Tarnish Company Sarlaek Paeking Company General Peroelaln Bnamal Company Gataa Bnbbar Company Gatka Corporation Gabaan Company Grand ledge Paint Company Hilton Carla Campany 1. B. Harrla Company A. E. Hall Pettary company Hainan Snap Campany
Inland White laad Company India lira and Bnbbar Company International labaratarlam Illinois central Syatea International Printing Ink Company International Printing Ink Compaq - A.X.Golden, Truatee Imperial Glaaa Cerporatios Jamestown Paint and Tarnlah Company
Carried Forward
BB.
$ 960.00 112.78 98.76 875.00 875.00 286.96 36.00 500.00
1.900.00 120.00 66.80 625.00
2.875.00 25.50 33.38 16.32
266.66
.3,667.62 250.00 1 100.00
933.60 39.30
1.078.00 63.25
1.860.00 36.00 6.00 60.00
3.636.66 573.00 623.75
6.900.00 63.78
1,333.56 920.00 7.00 12.75 365.00 13.69
97,566.13 660.00 230.00 25.00 230.00 91.13 27.68
127,369.53 287.50
2.300.00 98.75
276.31 6.600.00
65.00 2,300.00
120.00 2,605.83
30.00 220.00
8.28 1,282.26
37.30 196.70 660.00 100.00
1.25 135.00
30.00 663.75
68.88
$273,386,96
PNYC00001316
CVL^intBS - -Tir.tR TBIAX BJLL13CE - 1PGU3T 31ST, 1W: (Centiaaed)
Brought Forward
Eelly-SpringfisId Tire Company Eehen Meleoter Company Inttar Paaa.n Company Elafer Stewart Drug Coupany Eelhe Faint Company Elinker Manufacturing Company Chaa. E. Lo b s , 3t` Company LouiaTilla Faint Kanufasturing Company Lehigh Talley Bailroad Company I. W. Logan Class and Faint Company Hound City Faint and Color Company Klnnesota Mining and Manufaoturing Company Harlatta Faint and Color Company Matthewa Faint Company Kollna Faint and Hanoiasturlng Company Ht. Clamsns Pottary Company Magnolia Fatrolaom Company lid States Bobber Company Hnaller Tarnish Works MoEesson Hall Tan Gorder Company MoEesson Foliar Morrison Company HeEeason Churchill Drug Company HsEasson Barry Martin Company MaClan Ghsmleal Company law York Baiting and Packing Company national Plraprooflng Company Watlonal Faint and Tarnish Company O'Brien Tarnish Company O'Sail Snro Company Pittsburg Plata Glaas Company - Milwaukee Pittaborg Plata Glass Company - Sawark Faelllo Matoh Company Faaalaa Goolbert Faint and Tamlah Company Fopa Gossar China Company Faelllo Goodrioh Subbar Company Phillip Brothers Fastens Hotshaon Company Fadan City Glaas Company Fadsn City Fottsry Company Fennaylranla Railroad Company Foroalaln Froloots Company O.uiok Serrioa Express Beading Company Blshman Chemloal Company Sherwln Williams Company Safey Drug and Uhamloal Company Seldlltz Faint and Tarnish Company Soholl Kannlaetorlng Company Standard Sanitary Manolastorlng Company Samasl Stamp and Enameling Company Starling Tamlah Company Shsnanga Pottery Company Stark Brisk Company Sohweitzer Faint Manolaotaring Company Soott Motor Serrioe Taylor Smith and Taylor C. C. Thompson Pottery Company
Cnllorm Chamlsal Company Uniform Printing Ink Company United States Quarry Tile Company Uaon Bobber and Manufacturing Company 0. S. Tire and Bobber Company - Detroit
U. s. Tire and Bobber Company - Indianapolla
Tan Sehaak Bras. Chemloal Company Tel-retlna Company Tlaooslty Oil Company Tanoo Faint ant Tarnish Company
Carried Forward
SB.
f 273.386.96 f
2.300.00 16.04
345.00 12.78 36.00 63.75
319.78 31.63 2.52 73.23
130.75 920.00 264.30 382.68
55.00 690.69 117.00
90.00 44.38 12.75 12.75 12.75 18.00 27.38 5.750.00 300.00 230.00 388.00 450.00 4.600.00 2.300.00 13.75 2,386.63
. 18.75
6,635.50 2 200.00 1.550.00
57.50 144.00 2,039.38
18.75 .50
20.13 6.00
1.035.00 35.36
773.45 255.50 434.44 1,203.30 961.44
75.00 120.00 110.81
9.00
.230.00
212.00 2 200.00
60.75 1,330.17
36.00 17,230.00
6,900.00 266.25 16.69 75.00 55.00
f 342,335.13
PNYC00001317
CPSTCBBt3 I-wnctB TRIAL BiT.mCB - AOBTJST 313T. 1983: (Continued)
Brought forward
Wadsworth Howland Company Warren Company Western Saint and Tarnish Company John H. Vltta and Sons Vhlta Creaa laboratories S. 0. Wageman Paint Stores Waggener Paint Company Wilson Patterson and Gifford, limited Wheeling Tile Company WeIff Company Williams Bowman Company West Tlrglnia Batoh Company Wolverine Finished Material Company Uneolleotlble looonnta
SB
$*42,335.1*
5,3CT,SO 2.T5
230.00 16.49
230.00 202.23 3,575.46 180.00 1,260.00 230.00 1,233.18 230.00 9,133.51
$364,266.47
CB. $
100.00
$ 100.00
1C COITUS R2CBITJLBU: CUSTOBBBS L3DGSH: Past due aeeannm at iugust 31at, 1933, whloh ware whally ar partly nnpald at Oatabar 31et, 1933:
Wane and Remarks
Last Paymit
Bate
Amount
imarieaa Paint and Supply Cempamy
Pallas. Texas. 7/ 1/33 - Involee 1427
$ 1.900.00
-
Hava a high aradlt rating. 7ahlag extended time for soma unknown reasem. Oar salesman, Br. Brawn, will oall an them seam amt will try and sake sellaeties If the aaaamat is net paid befere his visit. Considered a gaad aeoeant.
Brawn Paint Ccmpany
Haastea. Texas. 10/11/32 - Inveloe 2*70 (Balanaa) $
16.3*
1/31/33
129.1*
Hava bean making eeeaslemal payments an their eld
aaaennt and baying nan material an a C.0.0. basis. Bade a payment ef $10.00 an Oatabar 3rd, 1933. Bxpaat payment ef the balanaa seam.
Balanaa 8/31/33 $ 1,900.00
16.32
Caak Paint and Tarnish Cempamy Kansas City. Is. 7/15/33 - Invslee 1135 (Balanaa) 8/ 3/33 - Inveiee 1*30
$ 1,367.42 2.100,00
8/29/33
Paid $2,942.42 In September end Oetobar 1933. Batura dating terms granted. Seed aooount.
Ball Caiman and Company
7/27/8*
Lang Island City, I. T.
12/ 4/8* - Invelea 2420
29.4*
2/27/33 - Inveime 412
140.1*
3/27/8* - Inveiee 82*
80.00
This has been a high grade
earn, bat during
the last year have bean In flnanalal dlffleultles.
Ill eradlters have agreed te give them extended
terms ta iprll 1st, 1934, In aider ta help than
work their way out.
Baeant reports lndloata that sons progress has been
nude and a payment Is expeeted within a few months.
Payment In fall Is rather doubtful.
523.00
3,467.62
80.80
266.64
PNYCOOOO1310
1C conns RK BI7ABLB : (Continued)
OJSIOICgES LBXiEB: (Continued)
Bans and Remarks
Last Payment
Dat7
Jaoimt
Chemical Sales Corporation Buffalo, B. T. 6/ 1/33 - InTOloa 1046 6/13/33 - InTOloa 1320
7/ 1/33 - InTOloa 1327 8/ 1/33 - InTOloa 1824 8/17/33 - InTOloa 2130
# 188.00 186.40 186.40 186.40 186.40
8/ 9/33 # 188.00
This oanpany la our agent in Buffalo. 90 day tarns granted. Hast their payments proaptly as par
tarns. Sood aesount.
P. J. Cooledge and Sons
Atlanta, Ga. 6/30/33 - InTOloa 1738 8/14/33 - InTOloa 2002
# 436.10 641,90
Paid #436.10 on Ootobar 16th, 1933. Uhronie slea euatonari Oooaalonally pay up In full. Consldarad a safe aaoount.
8/ 7/33
735.00
Continental Faienod and Tlla Conpany So. Milwaukee, Via. 3/23/33 - InTOloa 663 7/17/33 - InTOloa 1813
#
18.00 18.00
Aooount la In tha hands ef Meinhart and Vllllans,
Collaatlon Agenay - Chloaga, Illlnels. A paysent of #4.17 was rsselred In Oatobsr and additional payaants are axpaotad Boon. Can al dared oolleotlble.
3/28/33
63.00
C. 7. Cola
Staada, Via. 3/IO/33 - InTOloa 537
# 6.00
Sale made on basis of rafaranosa glTan but credit standing not lnrestlgated before ahlpaent was aada. Unable ta sake solleotlem.
Bad.
Gsheea Corporation
lewark. I. J. 5/22/33 - InTolee 1243 (Balanos) 7/ 8/33 - Inroloe 1663
# 1,107.33 1.301.50
Split dating tsras granted; one-third In sixty days and two-thirds In ninety days. Shipments aada In sarlsad lota. Heat their payaants as par tsras granted. Good.
8/14/33
1,958.24
GranA Ledge Paint Company Grand Ledge, Kleh. 6/29/33 - InTolae 1682
# 30.00
A new aaoount. Haro a good sradlt rating and their resold for payaant la good. Considered
oslleotlbla.
J. I. Harris Coapany
Voostar, Ohio
12/29/32 - InTOloa 2770 (Balanoe) #
8.28
Some oontroTarsy pertaining ta freight oharges
on tha last shlpasnt. Vlll be lnreatlpited and
nsoaaaary adjustment aada In order to olaaa up
tha aooount.
4/27/33
239.22
Balanoe 8/31/33 # 933.60
1,078.00 36.00
6.00
2,408.83
30.00 8.28
PNrC0000l3l9
ICCOOWTS RBCBITIBLE: (Continued) CUSTOlBBS LBDGSR: (Continued)
Fame and Remarks
Last Payment
pate
imennt
Imperrlous Faint Works U.M.Colden, Trustee)
Chloage, Illinois.
5/ 5/33 - InTOloe 949
3 30.00
4/15/33
This aooount wu guaranteed personally by the Trustee, who Is reliable, but, as yet, be has
not Bade payment. The aoeount Is oolleotlble and the Trustee 1b being orowded for settlement.
| 15.00
Imperial Glass Corporation Bellalre, Obis. 6/ 7/33 - InTOloe 1346 6/16/33 - Inroioe 1472 7/28/33 - InTOloe 1986 8/ 7/33 Inuoloe 2177 8/25/33 - Inroioe 2328 8/27/33 - InTOloe 2366
% 63.25 230.00 57.50 57.50
40.25 17.25
Usually froa thirty to sixty days sloe. A steady oustooer. Considered good.
7/31/33
172.50
Moline Faint Manufaoturing Company
Holine, Illinois. 6/28/38 - Inroioe 1666
3
55.00
k new ooaeern. Mr. norton. Proprietor, was formerly In an exeeutlTe eapaolty wltb Montgomery, Ward and Company, k good noral risk. Tbe business laeks working eapltal. Uonsldered oolleotlble, but Tory s lew.
12/23/32
55.00
Seldlits Faint azd Tarnish Company Kansas City, Mo. 6/30/33 - InTOloe 1732 7/26/33 - Inrolme 1991 7/31/33 - InTOloe 3179 8/15/33 - InTOloe 2146 8/11/33 - InTOloe 2446
| 210.94 140.63 257.81 117.19
46.88
8/25/33
Made a payaent of $210.94 In September, but bare made purobases te offset this amount In September and Ootober. Their record for payaent baa bean Tory good, but hast bean slew this year due te funds being tied up In a bank failure. Considered
good.
Samuel Stamp and Bsamellng Company
8/16/33
Chattanooga, Tern.
5/19/33 - Inuoloe 1388 (Balance)
$
3.30
6/ 2/33 - Inroioe 1196
120.00
6/13/33 - Inroioe 1416 6/26/33 - InTOloe 1688
60.00 60.00
7/14/38 - Inroioe 1881
120.00
7/18/33 - Inroioe 1985
120.00
7/25/33 - Inroioe 2109
60.00
7/31/33 Inroioe 2233
120.00
8/16/33 - Inroioe 2192
120.00
8/ 2/33 - Inroioe 1882
120.00
8/23/33 - Inroioe 2326
120.00
8/30/33 - Inroioe 2416
60.00
8/31/33 - Inroioe 2456
120.00
k large eon earn with a Tory good credit rating and
financial statement. Slew at present due te bank
ing difficulties, k good customer and oonsldered
thoroughly reliable. Made payments In September
and Ootober suffloient te oorer ourrent purchases
328.13 450.00
1
Balance 8/31/33 $ 30.00
465.75
55.00
773.45
1,203.30
PNVC00001320
1CC001T3 RBS2ITdBLB: (Continued) CU3T0MBBS T.TOT.WB: (Cont lnued)
Iu b ami Remarks
Last Payment
Date
Amount
Sweitser Paint Manufacturing Company
Portland, Oregon.
3/10/23 - Inroloe 609
3 31.23
3/10/33 - Inroloe 611
62.30
3/21/33 - Inroloe 735
17,06
-$
Their financial statement indloatoa that tha
business la operated on lnsuffiolant capital.
Onr Agents, 1. H. Buteher and Company San Franolsoo, California, are assisting In the oolleotlon of this aooonnt. A payment
of 350.00 was reoeirod In September and at that time tbey promised an early remlttanee on the balance. Considered collectible.
Wilson, Patterson and Gifford, Limited Montreal, Canada.
12/31/31 - Inroloe 3030 (Balanoe) 1/14/32 > Inrolee 175 2/ 9/32 - Inroloe 82
2/ 9/32 - Inrolee 84 2/29/32 - Inrolee 430 4/ 1/32 - Inrolee 514 4/30/32 - Inrolee 974 5/31/32 Inrolee1549 7/11/32 - Inrsloe 659
10/11/32 - Inrolee2138 4/10/33 - Inroloe 526 6/16/33 Inrolee1282 7/31/33 - Inroloe2227
3
426.01 41.50
295.31
392.18 829.50 181.52
5.05 747.47
30.32
15.16 202.13 404.25
5.08
This Company baa bssn operating ander the sqpar* rlslon of a Creditors Committee slnee lorember 28th, 1931. SztensIon agreements hare keen granted to oontlnue tha bnslaess ander this plan. The last meeting ef the Creditors Committee was held Ootoker 13th, 1933, at which time a 10> dlrldend was declared, and payment of 3364.85 was reoelred Oats her 25th, 1933. The committee reports business lmproremant and eontlnaed progress, and state that prospects are farorable for future dirHonda. Current purohases hare been paid promptly. The eld balanoe will be transferred te "Uncollectible do counts* as soon as the status of tha aooount has keen established. Xrpeet to erentually eelleet a great part. If not all, of this aooount.
Wolff Compaq
Uhloags, Illinois 7/ 5/33 - Inroloe 1543 7/17/33 - Inrolee 1797 7/31/33 - Inrolee 2151 8/14/33 - Inrolee 2034
3 315.00 315.00 315.00 315.00
Limited oredlt granted. Make payments on eld aeeount as new material Is dellrsred. The aboTs lnroless ware paid In September and Ootober and sen lnroloes amounting to 31472.63
make up the Ootober 31mt, 1933, balanoe. This Is an old ooneers with a good oredlt rating. Usually about sixty days slew. Considered a safe aooount.
7/ 5/33 8/15/33
396.55 315.00
Balanoe 8/31/33 f 110.61
3,575.46
1,260.00
PNYC00001321
a c c o o it s racairms; (continued) CCTSTiurnm T.ror.rR; (Continued)
rmnnr.T.ncTIBtB ACCOUWTS:
The following alow and doubtful aooounts In the Cnatonera Ledger ere oarrled under an eooount - "Uhoolleotlble Aooounta", the statue of which has been established. Ihe Companies hare gone Into bankruptoy, reoelvershlp, or ere operating under Creditors
Agreements, and oooaelonel dlridend payments ere reoelved.
Hame and Remarbn
Last Payment
Date
Amount
Balance B/31/33
Amerloan ohinaware Company
Sebrlng, Ohio 8/28/31 - Inyoloe 21*2 (Balanoe) 9/28/31 - InTOloe 2671
$ 1*1.49 1*4.38
8/ 4/32
t
2.89
| 285.87
This Company went Into bankruptoy on Ootober 5th, 1931. Hugh Welle, appointed Trustee. Our slalm was filed on Ootober 27th, 1931. A l dlridend was paid In August 1933. A tax olalm Is still pending and there Is some possibility of another dividend, though likely to bt very small. Host of this eooount mill be unoolleotlble.
Delaware floor Produots Company
Wilmington, Delaware. 7/25/30 - InTOloe 1845 (Balanoe)
9/15/30 - Inroloe 2235 (Balanoe)
$ 1,300.00 1.300.00
On Hovember 10th, 1930, John P. Potter, President
of the Company, was appointed Seoelver te work out a plan for reorganisation. The Company was
reorganised and the plan approved by the oreditors, and our approval was duly executed by the off leers of the Company, as per Hr. James Dickson's latter of August 18th, 1931, te Hr. P. B. Stelte. Under the plan of reorganisation the general creditors reoelve 8500.00 seoond mortgage bonds sad five shares of ooomon stook for eaeh |1,000.00 olalm. The following securities, te cover eur olalm, have
been reoelved, and mailed te the lew Tork Offloe:
Seoond Kortgage Seoond Kortgage Seoond Kortgage Seoond Kortgage
Bondle. AST* f 1,000.00
BondWe. A379
1,000.00
BondIo. A973
500.00
BondIo. A11T1
100.00
Common Stook Certlfleate I*. 308 for 26 Shares.
In aocordanee with Instructions received free the lew Tork uffloe, one-half of the aooeunt of 85,200.00 was oharged te "Beaerve fcr Bad Debts" in 1931.
Walter J. Binder, President of the Company, in his letter of Pebrusry 2nd, 1933, to stockholders, states that business has been dulto satisfactory under present conditions and that a small profit was made In 1932. He Is very optimlstlo as te oompany's future and with eentlnued progress may eventually be able to make sub
stantial payments te Its creditors.
R. P. Johnson Paint Company cmolnnatl, Ohio. 7/11/30 - Inroloe 1752 (Balanoe)
8 1B2.90
*/ 5/33
This Company went into the hands of a Boo elver and our olalm was filed with William A. Dali, Receiver, en Deoember 22nd, 1930. All assets of the Company were cold at Publio Auotlen on Deoember 14th, 1931. A 5)6 dividend was reoelved Kay 25th, 1932, and the above payment of fl2.33 represents a 6> dividend. An In fringement suit is still pending In oourt and final dividend oannot be deelared until this suit has been
settled. Another small dividend may be expeoted.
2,600.00
12.33
182.90
PNYC00001322
Accormrs RMCBITABLB: (Continued) CU8T01BB3 LEDGER: (Continued) CgCOLLECTIBLE 1CCOURTS: (Continued)
Hams end Remarks
Lent Payment
Put?
.fount
'northwestern Terra Cotta Company Chloago, Illlnola. 5/ 9/31 - Invoioe 1163
$ 275.00
1/27/31
on June 4th, 1931, the Court appointed a* oo-Reoelver, H. J. Lueaa, and the Chloago Title
and Trust Company, and the business Is being oontlnued on a ourtailed basis under the reoelrershlp. A reorganization plan has been proposed. A general creditors nesting la to be held on Hovenber 29th, 1933, to revlmi this plan. Under the reorganization the oredltors are to
reeelve one share of sonasn stook for eaah $20.00 of their elaln. Authorized Capital to be 250,000 shares at $1.00 par Tans. The recovery on this
aoeount sill likely be very small.
$ 626.13
Ohio Tarnish Company Cleveland, Ohio. 5/29/31 - Invoioe 1641 (Balanoe)
6/22/31 - Invoioe 1560 7/21/31 - Invoice 2091 8/31/31 - Invoioe 2134 9/ 1/31 - Invoioe 2349 9/28/31 - Invoioe 2637 10/29/31 - Invoioe 2576 11/ 9/31 - Invoioe 2865
$ 1,139.47
1,545.31 364.00 485.44 41.50 19.50 341.88 93.50
5/11/33
Went Into reoeivershlp on loveaber 5th, 1931.
William L. Pay being appelated Beseiver. Our proof of olalm uas filed em January 29th, 1938. Sals of the Company's assets was approved by the U. S. Plstriot Court of Clevelaad ea January 15th, 1932, to a Syndloate headed by Pee. W. Tam Camp,
J. X. Bateman, Ison A. Bobbins and T. K. Clapp, for a consideration of $130,000.00; payments to be
made as follows:
IT ,000.00 upon confirmation of sale, and start ing with Hay 1st, 193S, the balance Is payable in quarterly Installments of $8,000.00 with Interest at 6, and to be paid in full on or before loveaber 1st, 1934. fha sale does net lnolude Aoaeunts Receivable, whloh have bean
assigned to Its depssltory. A new Corporation has been organised under the name of Chl-Iaael Company. A 2% dividend of $84.61 was resolved Ootober 9th, 1933, and the above payment represents a 3> dividend. A further distribution la sehedulad for June 10th, 1934. The total reeovsry will be exceedingly small.
126.91
Wheatley Bubber Company
yen du lae, Wisconsin 11/ 1/29 - Invoioe 14689 (Balanoo) $
568.34
1/17/30
563.33
This business has been handled by a Creditors' Committee sines Way 1930. In a latter of September 14th, 1932, from Mr. A. S. Peulloher, Chairman Creditors Committee, he states that he Is afraid that the creditors have lost any opportunity of resolving dividends on their claims. Considered
bad.
p^C0000^Z3
Balance 8/31/33 $ 375.00
4,030.60
563.34
iCCOCBTS RBCBI7ABLB: (Continued) CPSTOMBtS LEDC5R: (Continued) mTCflTJ.F1CTIBLB ACCOUNTS: IContinned)
game anl Remarks
Last Payment
Cute'
Amount
Fidelity Slmendorf Varnish Company Chioago, Illinois 9/13/32 - inYOioe 2125
$ 18.00
Continuing business under a Creditors' Agreement. Andre* K. Lindas, Trustee. Trustee's letter of May 17th, 1933, states that present ourrent expenses only have been earned and nothing for distribution to old creditors. Proapeots are not favorable, but *ith oontlnued operations may eventually reoelv* part of the aooount.
Very doubtful.
-
f
0. A. Kblnger Sanitary Company Columbus, Ohio 11/ 3/32 - Inroloe 2563
$ 57.50
Operating under a reoeivership. Co-Reoelvers, Fred J. Heer and W. H. Bodurtha. Their letter of July 25th, 1933, states that some profit was mad* in the six months ending June
30th, 1933, and if permitted to oontinu* in business have fair prospeots of working out,
but if forced into liquidation eery little oould be saved for the orsditors. It no* seems possible that liquidation *111 take plao* as three of the larger orsditors have filed a petition for involuntary bankruptcy. Consider
this aooount very doubtful.
R. T. Pender Company
Be* Orleans, La. 5/16/32 - Involo* 12*1 (Balance)
$
11/25/32 8.40
Material sold for sample purposes and oredlt not investigated. Corporation is being dissolved. The above payment represents a 30)1 dividend. Further dividends are very unlikely. Bad.
3.60
David d. Feder Corporation
Chisago, 111.
Il/l4/31 - invoice2935 (Balanov) $ 24.00
12/ 2/31 - Involo*2702
33.75
12/22/31 - Involo*29*4
33.75
1/27/32 - Involo* 345
32.50
2/11/32 - Invoice 144
32.50
3/ 4/32 - Involo* 489
28.75
The business is in the hands of a Creditors' Committee; H. W. Cline, Trustee. The above payment represents a 5> dividend. Mr. Cline's letter of August 21st, 1933, states
that Insufficient funds have accrued from the oolleotlon of Aooounts Receivable to
even pay a ljt dividend. A small dividend may eventually be expected as a final settlement. A bad aooount.
9/30/32
9.75
Balano* 8/31/33 | IB.00
57.50
8.40 185.25
PNYC0000132<*
ICCOUHTS RECEIVABLE: (Continued) CUSTOMERS LEDSER: (Continued) UWCOLLSCTIBLB AC COURTS : (Continued)
Haas and Remarks
Lei t Pern ict
Date
Amount
WllliamB Hayward Company
10/24/32
Chloago, ILL.
4/28/32 - Invoice 890 (Balanee) f 46.88
5/14/32 - Involoe 1191
48.13
6/28/32 - Involoe 1496
48.13
9/ 1/32 - Involoe 2089
29.63
10/11/32 - Involoe 2174
49.38
Involuntary petition in Bankruptcy filed February 16th, 1933. Cheater A. Willoughby was appoint ed Reeelver by the Court. Our olalm waa filed April 29th, 1933, for $222.15. A 20* dividend payment of $44.63 waa received on September 6th, 1933. Some additional dlvldenda are expeoted, but moat of the aooount will be a leaa.
$ 49.38
Impervious Paint Works Chloago, ILL. 6/29/33 - Invoice 1508
$ 120.00
Operating under a Creditors' Agreement. Trustee appointed by Chloago Association of Credit Men, Adjustment Bureau. W. H. Kerr - Director Business Servloe, was appointed Trustee. A 7)e dividend of $8.40 waa reoelved Hovember 7th, 1933. further dividends will be paid but the
total recovery will be small.
6/28/32
125.00
India Tire and Rubber Conpany
Akren, Ohio. 1/17/33 - Involoe 235 2/10/33 - Involoe 154
$ 115.00 115.00
2/21/33
Went Into Receivership Marsh 22nd, 1933. Paul Welok was appointed Receiver. W. 0. Xlaus, Manager, resigned and was later appointed Agent for hie Reeelver and the business oontlnued under his management. Our elaim waa filed April 10th,
1933. An attempt has been made to foroe the eampany Into
involuntary bankruptcy, and there has been oenalderable conflict between two factions whe arc striving for control of the business through purohase. Aoceptanee of purohase offers and liquidation await deolslon of the courts. Appointment of a
federal Reoelver and Aooeptanee of Creditors' Committee bid of $600,000.00 for the assets of tbs company were denied by federal Judge Paul Jones on September 13th, 1933. On October 23rd, 1933, J. X. Bowlley was appointed Co-Reoelver In Common Pleas Court. He represents creditors with olalms of $650,000.00, and Is given equal rights with Paul Welok, who was appointed In
March, 1933. Hew Proof of Claim and Power of Attorney was filed
July 17th, 1933, with Hugh Wells - Cleveland Associa tion of Credit men, who will handle our olalm. A substantial dividend should be reoelved on this aooount.
287.50
PNtCOOOO1325
M Balanoe 8/31/33 $ 222.15
120.00
230.00