Document KGLRVopK3oj6RJ9oJdL4GBQ5K

Portage Country Club (Akron, Ohio) $ 700.00 Represents a membership In the olub for Hr. Dunoan, and one share of the Capital Stook of the Club. Payment made May 7th, 1931. The Stook Certlfioate and account were transferred to the Hew fork Offioe in September, 1931. The entry was reversed in October, 1931, upon instructions from Mr. Jas. Dickson to carry the aoocunt as an Account Reoeivable on the East Chicago Books. ACCOUHTS PAYABLE: Akrcn City Water Works Estimated amount accrued for July and August, 1932 water rental, which is payable quarterly. Should be a general ledger account. I took this up with Mr. Milne for correction. Henry S, Day, Treasurer of Ohio Ohexpired portion of License Pee for the year 1932. This should be a general ledger acoount. I took tils up with Mr. Milne for oorreotion. An Acoount "License Fee - State of Ohio" will be carried In the General Ledger. f 255.58 ---- S 120,00 CUSTOMERS LEDGER TRIAL 3AIAHCB - ACCOST 31ST, 1932: Aroo Manufacturing Company American Varnish Company Advance Paint Company Abbott Laboratories Amerioan Anode Company George Aokermann's 3on Amerioan Asphalt Paint Company A. C. Spark Plug Company Berry Brothers Bradley 4 Vrooman Boyer Chemloal Laboratories Bonoilla .Laboratories Barrett Varnish Company S. Birkeaateln 4 Sons Brown Paint Company Boston Woven Hose and Rubber Company Cook Paint 4 Varnish Company Cleveland Varnish Compaiy Continental Products Company Chioago Vitrous Enamel Products Compaiy Chemloal Salee Corporation Cleveland Paint 4 Color Company F. J. Coolldge & Sons Company Carthage Mills Collins Davouat Paint Company Cert&lnteed Products Company A. Dalgger 4 Conpany Devoe 4 Reynolds Compaiy - Chioago Detroit Grophlte Company Devoe and Keynolda Company - Brooklyn David M. Dunne Company Donovan Produota Compaiy Denman Tire 4 Rubber Company H. B. Davie Conpany Erie Railroad Eller Company Fidelity Elmendorf Varnish Company Firestone Tire 4 Rubber Company Ford Paint 4 Tarnish Company David H. Feder corporation Carried Forward Dr. f 653.14 230.00 385.00 51.00 34.69 9.00 15.75 31.25 695.62 287.50 637.50 26.50 365.63 240.00 37.50 2.875.00 3.675.00 15.56 246.31 286.00 1,327.63 8.28 1,070.78 575.00 230.00 33.38 2,382 . 25 2,190.00 115.00 5,562.50 27.88 30.00 1,035.00 115.00 7.00 100.00 18.00 14,375.00 115.00 195.00 y40,310.67 Cr. PNYC00001327 nrit . tUT'-~itKBg'Sl3r HCT: (Continued) Brought forward General fire 4 Rubber Company Gllddon Company Goodyear Tire 4 Rubber Company 3. F. Goodrloh Company Grasselll chemioal company - Cleveland General fileetrlo Company .Graaselli Chemioal company - Bow York Garland compaiy Gilman Pain*. 4 Varnish Company Gnrlook Paoklng company Gates Rubber company uatke Corporation Hampden Paint * Chemioal compary 1. S. Harris company Haekmelster Lind Compaiy A. E. Hull Pottery company Hardware and Supply Company Inland White Lead Compaiy India Tire 4 Rubber company Illinois central System International Printing Ink Corporation Impervious Paint Works Inter State Truoking Company Jamestown Paint 4 Varnish Company Jamestown Wood Finish Company Kay 4 Ess Company Krebs Pigment 4 Color Corporation Longview Paint 4 Varnish Company A. L. Lakey Company Louisville Paint Manufacturing Company Lehigh Valley Railroad Company Mound city Paint 4 Color Compaiy Marretta Paint 4 Color Compary Miami Paint Compaiy Mahoning Paint 4 Oil Company Martin Laboratories W. H. Miller Paint Company Mid States Rubber Company Heresies, Hall,Van Gorder Company McKesson Churohill Drug Company MoKesson Spokane Drug Company XoKesson Berry Martin Company Jew York Belting 4 Packing Company Hat lonal Fireproofing Company O'Brien Varnish Company O'Helll Duro Company Pittsburgh Plate Glass Company - Milwaukee Pittsburgh Plate Glass Company - Jewark Pratt 4 Lambert Pittsburgh Plate Glasa Company - Portland Passono Hutoheon Company Peaslee Gaulbert Paint 4 Varnish Company Philipp Brothers Poroelier Manufacturing Company Proximity Paint Works Patterson Displays E. T. Pender Company Qulok Serviaa Krpress Company Queen City Transportation Company H. C. A, Rubber Corporation Selberllng Rubber Company Sherwln Williams Company St. Paul White Lead 4 Oil Company Savoy Drug 4 Chemioal Company Seldllts Faint 4 Varnish Company Sinclair Refining Compaiy Carried Forward Dr. $40,310.67 9.200.00 82.44 2.070.00 30,925.00 72.00 150.00 71.88 197.50 468.19 2.300.00 .57 402.50 27.38 675.00 184.00 230.00 9.75 280.00 3.464.01 1.25 468.75 120.00 6.00 46.00 244.81 648.81 81.56 31.25 56.25 48.88 2.52 7.00 128.13 50.00 614.50 18.75 9.50 60.00 12.75 3.19 12.75 8.63 2.875.00 1.150.00 615.00 540.00 5,262.50 12,162.50 112.13 .120.00 4,697.06 2 200.00 18.45 360.00 14.81 12.00 7.38 4.94 460.00 4,600.00 150.00 343.13 33.38 117.19 1.292.12 $131,039.76 PNVC00001328 > CWfeJMPg aocat TfTir. RiT.iwCE - IMGUSIf 5IST l!i!{ (Continued) Brought forward Soholl Manufacturing Company Stuebenville Pottery Company Sohorn Paint Uanufaoturing Company Standard Sanitary Manufacturing Company Samuel Stamping 4 Enameling Company Sterling Varnish Company Shenango Pottery C'spany Seiberllng Latex Produots Company Thompson Hayward Chemioal Company Texas Printing Ink Company Union Printing Ink company United States Enoauatic Tile Company Upson Company Universal Car Loading & Distributing Company U. S. Rubber Company Velvetina Company Valve Bag Company Wadsworth Rawlsnd Company Williams Hayward Compary Vaggoner Paint Company Wilson, Patterson & Gifford, Ine* Wright Rubber Produots Company Wolff Company Western Eleetrio Company West Virginia Match Company Ward Transportation Gompaiy White Company Unoolleotible Aooounta Dr. $ 131,039,76 140*30 56.25 60 60.00 530.01 112.58 75.00 230.00 2.38 93.45 60.75 40.50 410.00 5.75 2,300.CC 16.69 58.75 2.300.00 192.52 172.50 3.731.95 575.00 775.50 262.50 111.25 230.00 1.960.00 8.392.95 * 154,367.64 Cr f is.e ____________ f 15.8; ACCOUNTS RECEIVABLE: CUSTOMERS LEDGER: Past due accounts at August 31st, 1932 whioh were wholly or partly unpaid at October 25th, 1932: same and Remarks Last Payment Date Amount Chemioal Sales Corporation, Buffalo, If. T. 5/ 2/32 - Involoe - 945 , 5/12/32 - Involoe - 1101 6/ 1/32 - Involoe - 1026 6/15/32 - Involoe - 1308 7/ 1/32 - Involoe - 1613 7/15/32 - Involoe - 1779 8/ 1/32 - Invoioe - 1628 8/17/32 - Invoioe - 1806 188.00 11.65 188.00 188.00 188.00 188.00 188.00 188.00 8/ 1/32 , 405.63 A payment of ,564.00 was reoelved on September 22nd, 1932. They are our Agents and are allowed speolcl terms. Slow at present aooount of poor collections on material re-- 3old. Good Aooount F. J. Cooledge and Sons, Atlanta, Ga. 6/30/32 - Invoice - 1536 7/31/32 - Involoe - 1971 8/31/32 - Involoe - 1990 , 416.50 227.95 426.33 Material sold from consigned s to ok but not paid. Oons ldered a safe risk and oolleotlble but alow. Hot allowing further oredit until this aooount la paid. 8/24/32 266.25 Balanos 8/31/32 ? 1,327.65 1,070.78 PNyc 0000 1329 ACCOUNTS agCEITiJLS? (Continued) CtJSTOHgRS r-ffUGgR; (Continued) Name and Remarks Last Payment Date imount ill'er Como any,-Ford Citv, Pa. 11/27/31 - Invoioe - 3097(3il?noe) - 4 100.00 8/16/32 $ This noount is In the hands the Collection Division of the Chicago Association of Credit Men. A fee of l&jb is being paid on collections. A payment of #50.00 was received on October 17th* 2rpeot to collect the balance be-'ore the end of t.cis year. David H. Feder Corporation - Chicago, 11/14/31 - Inv-ioe - 2935 12/ 2/31 - Invclo - 2 7 02 12/22/31 - Invoice - 2944 l/27/->2 - Invoice - 345 2/11/32 - Invoioe - 144 3/ 4/32 - Invoice - 489 Illinois * 33.75 33.75 33.75 32.50 32.50 28.75 11/ 2/31 The business is in the hands of a Creditors Committee; H. 7f. Cline, Trustee* The prospeats of paying1 in full, are very poor. A dividend of 5* was received on September 30th. The Trustee states that further dividends will now depend upon oolleotion of Accounts Receivable. No large dividend payment is anticipated* . Harris Company 5/18/32 - Invoioe 5/18/32 - Invoice 5/24/32 - Invoice 6/ 7/32 - Invoice 6/22/32 - Invoice 8/ 2/32 - Invoice 8/22/32 - Invoioe 8/22/32 - Invoioe _ v/ooster, - 1269 - 1303 - 1487 - 1258 - 1420 - 1626 - 1888 - 1888 Ohio 4 172.50 52.50 52.50 230*00 55.00 55*00 27.50 30.00 10/ 3/31 A larve concern. Slow but considered a fair oredit risk* Not allowing further oredit at present. Mr# Case is co-operating with the Credit Department and is having his salesmen make personal oalls on them to follow up collections. Expect a payment soon* Impervious Paint Works - Chicago, Illinois 6/29/32 - Invoice - 1508 f 120*00 6/28/32 This aocount will be transferred to Notes Receivable in October* Three notes dated September 21st, 1932, for #40*00 each, payable in thirty, sixty and ninety days, have been exeouted* The first note due October 21st, 1932 remained unpaid at Ootober 29th, 1932. Kay & Ess Company - Dayton, Ohio 4/ 9/32 - Invoice - 616 5/ 7/32 - Invoioe - 1051 5/19/32 - Invoioe - 1305 6/13/32 - Invoice - 1198 6/14/32 - Invoioe - 1242 8/ 6/32 - Invoioe - 1716 ? 57.50 57.50 57*50 230.00 16.31 230*00 5/19/32 Chronic slow customer. Usually from three to four months slow. Consistently writing them about their over due account* Are reliable but very slow. A payment of #172*50 received on September 23rd, 1932* 37.30 67.50 60.75 125.00 65.00 salanoe 8/31/32 4 100.00 195.00 675.00 120.00 648.81 pHtCOOOOl330 ' ACCC0JT3 RBCBTTABUt: (Continued) COSTPggBS LEDGER: (Continued) Mane and Remarks Last Payment Date Amount Miami Paint Company - Dayton, Ohio 5/17/32 - Invoice - 1285 5/23/32 - Involoe - 1365 * 30,CO 30,00 9/30/31 * 54.00 have teen male lag special effort to colleot this aco-unt. Refused shipment on a reoent order. In their letter of October 20th, they promise to make a payment soon. Mahoning Paint 4 Oil company - foungstown, Ohio 3/18/32 - Involoe - 735 * 230.00 5/ 7/32 - Involoe - 1077 230.00 6/ 8/32 - Involoe - 1188 34.50 3/25/32 - Invoice - 1910 120.00 9/16/31 135.00 in old customer. Have a fair credit rating. Usually prompt in making payments. Have asked for additional time on this coeount. i payment of *100.00 reoelved September 27th, 1932. Considered a good account. Martin laboratories - Martins Ferry, Ohio 6/28/32 - Involoe - 1544 * 18.75 7/20/31 42.CO Small Conoern. Slow but collectible. Expect payment soon. W. H. Miller Paint Company - Dallas, Texas 6/ 4/32 - Involoe - 1126 f 7/ 1/32 - Involoe - 1669 8/16/32 - Involoe - 1830 11.50 6.00 12.00 7/31/32 11.50 Small purohases only. Slow but collectible. A payment of *6.00 received Ootober 17th, 1932. H. T. Pender Company - Mew Orleans, La. 5/14/32 - Invoice - 1241 $ 12.00 Company is in hands of a receiver. Teat order shipped upon Mr. Case's ordsrs. Will probably be oharged to "Samples for Test Purposes". R. J. A. Rubber Corporation - Akron, Ohio. 7/20/32 - Involoe' - 1827 * 230.00 8/ 4/32 - Involoe - 1632 230,00 7/11/32 230.00 Speolal ninety day ter granted. They give Trade Acceptances on over due items. Usually meet terms as granted. S, G. Dun 4 Company give a good report on this Conoern. Samuel Stamping 4 Enameling Company Chattanooga, l'enn. 6/ 1/32 - Involoe - 110* 8/ 6/32 - Involoe - 1152 6/16/32 - Involoe - 1362 6/22/32 - Involoe - 1456 5/27/32 --Involoe - 1524 7/ 5/32 - Invoice - 1649 7/16/32 - Invoice - 1817 7/25/32 - Involoe - 1977 8/ 2/32 - Involoe - 1708 8/15/32 - Invoice - 1800 3/20/32 - Involoe - 1878 * 5T.8* 71.88 86.25 71.88 57.50 75.00 60.00 60.00 150.00 120.00 120.00 7/ 5/32 A payment of *540,01 received September 19th, 1932. This Is a large conoern :nd is considered a safe account. Expect payment of the balance in a short time. 129.38 B&l&no* 8/31/32 $ 60.00 614,50 18.75 29.50 12.00 460.00 930.01 p*tYCOOOOl33l ACC0UTT3 tUSCWIVABU: (Continued) CUST0H2BS IZDGSR: (Continued) Same and Samarke Savoy Urug 4 Chemical Comnany - Chioago, Illinois 6/21/32 - Invoioe - 1402 9 16.69 8/19/32 - Invoice - 1824 16.69 Not allowing muoh credit. Small concern. Slow but collectible. /elvetir.a contany - Omaha, Nebraska 8/11/32 - Invoioe - 1756 ? 16.69 A new account. Have a good credit rating. Have reoeived no reply to letter of October 10th, requesting remittance. rexas Printing Ink company - Balias, Texas 5/ 3/32 - Invoice - 1041 * 5/16/32 - Invoice - 1359 6/15/32 - Invoice - 1380 8/ 1/32 - Invoice - 1644 8/25/32 - Invoioe - 1978 16.69 16,69 16.69 16.69 16.69 A payment of *33.38 on September 21st, and a payment of *16.69 on Ootober 19th, have been received. Slow but oolleotlble. Williams Hayward Company 4/ 6/32 - Invoiae 4/28/32 - Invoiow 5/14/32 - Invoioe 6/28/32 - Invoioe - Uhioago, 558 890 1191 1496 Illinois * 48.13 48.13 48*13 48.13 An old customer but of late has been very slow. Now selling on C. 0. D. basis only. If payment is not reoeived soon the aooount will be plaoed in the hands of the Chicago Credit Kens Association for oolleotion. Considered oolleotlble. Wilson, Paterson, Gifford,, Limited - Montreal, Canada 12/8 731 Invoioe -> 2728 (Bal) # 9.98 12/ 8/31 - Invoioe - 2724 435.75 12/31/31 - Invoice 3030 763.36 1/14/32 - Invoice - 175 41.50 2/ 9/32 _ Invoice - 82 295.31 2/ 9/32 ~ Invoice - 84 392.18 2/29/32 - Invoioe - 430 829.50 4/ 1/32 - Involoo 514 181.53 4/30/32 - Invoioe 974 5.05 5/31/32 - Invoioe - 1549 747,47 7/11/32 - Invoice - 659 30.32 This Company has been operating under the supervision of a Creditors Committee since November 28th, 1931* An extension agreement of six months was made at that time, and the extension renewed for another six months on May 28th, 1932. The Committee reports progress. Current bill3 are being paid promptly and a small profit is being made; not sufficient, however, to declare a dividend aa yet. Prospeots are favorable of oontlnuing the business and eventually paying out. 7/right Rubber Products Company - Raoine, Wisconsin 8/ 2/32 - Invoioe - 1618 $ 575.00 A large conoern. Usually prompt in making payments. Considered a good credit risk. Last Payment Data Amount 7/12/32 ? 33.00 7/27/32 32.62 12/19/31 103.73 7/30/32 10/ 9/31 300.CC IT Halanoe 3/31/32 s 33.33 16.69 33.45 192.52 3,731.55 ^75.CO PNY C00001332 1CC0U5TS RBCBI71BLB; (Cent inn*A) CUSTOMERS LSDGEH: (Continued) flane 2nd Remarks Wolff Ccnnany - Ohio&gc, Illinois 7/ 5/32 - Invoice - 1581 7/25/32 - Invoice - 1877 8/17/32 - Invoice - 1302 4 330.CO 222.75 222.75 Limited credit granted. Are now mailing a check for oldest over due invoice with eaoh r.ew order. ';`he above invoices have been paid in Sect ember and October, hut three new invoioes for approximately the same amounts are unpaid, considered a fair oredit risk* Last Payment Pat? Amount 3/17/32 Z 222.75 Balance 9/31/32 $ 775.50 UflCOLLSCTIBIE ACCOUNTS: The following slow and doubtful acoounts in the Customers* Ledger are now oarriad under one acoount - "Uncollectible Acoounts" American Chinaware Company - Sebring, Ohio 8/28/31 - Invoice - 2142 (Salance) 9/28/31 - Invoice - 2571 9 141.49 144.36 8/ 4/32 This Contrary went into bankruptcy on October 5th, 1931. Hurh 'fells,appointed Trustee. Our claim was filed on October -7th, 1931. A 1% dividend was paid in August, 1932* Another small dividend is expected befor* +he end of this year. Most of this acoount "ill be unoollectible. Delaware Floor Products Company - Wilmington, Pel* 7/25/30 - Ir.voioe - 1845 (Balenoe) 9/15/30 - Invoice - 2233 IBulanoe) 4 1,300.00 1*300*00 On November 10th, 1930, John J* Potter, President of the Company, was appointed Reoeiver to work out a plan for reorganization# The Coapazy was reorganized and the pie* approved by the oreditors, and our approval was duly executed by the Officers of the Company as per Mr. James Dickson*s letter of August 16th, 1931 to Mr. y. 5* Stolte. Under the plan of reorganization the general oreditors are to reoelve 9900.00 second mortgage bonds and five shares of common stock for eaoh 91,000*00 claim* The following securities, to oorer our claim, have been received, and mailed to the flew fork Office: Second Mortgage BondHo. A.578 91000 Seocnd Mortgage Bond 9o. AJ679 1,000*00 Second Mortgage Bond Jo. A.973 500*00 Seocnd Mortgage Bond Jo. A.1171 100*00 Common Stock Certificate Ic* 308 for 26 shares As per instructions from the Mew York Office, one-half of the aocount of *5 ,200*00 to be charged to "Reserve for Bad Debts" In 1931, and one-half in 1932. 92,600.00 was written off in Ootober, 1931, and ths balanoe will be taken up before the end of this year. A reoent letter from the Treasurer of the reorganized Company 1b very optomistio and reports progress* 2.89 285.37 cOO.OC pNVC000C1333 ii?couity `ABli: (Continued) COTTC3CSRS IPCSBg (Continued) UgCOLLBCTIBLg ACCOUNTS: (Continued) Same and Remarks Last Payment Date Amount Inland Rubber company - Chicago, Illinois v 5/20/32 $ 118.00 4/25/31 - Invoioe - 940 (Balance) $ 216.00 * Acoount has been in hands of the Collection Division of Ghioago Association of Credit Men. The account has been settled in September and uctober, 1932/ by oash payments and Chicago Tax Anticipation Warrants. The warrants having been acoepted at market value of 80?b. The warrants will probably be disposed, of thru the Purchasing Department, Chicago. R. F. Johnson Paint Company - Cincinnati, Ohio 7/11/30 - Invoice - 1752 (Balance) $ 195.23 5/25/32 10.27 This Company went into the hands of a Reoeiver and our claim was filed with William A. Dali, Receiver, on December 22nd, 1930# All assets of the Company were sold at public auotion on Deoember 14th., 1931, to the Fay Paint Compare of Cincinnati, sole bidder,for $207,800.00, General claims allowed amount to $540,721.74, and preferred claims amount to approximately $85,000.00. The above pay* ment represents a 5% dividend. Another small dividend is expeoted before the reoeivership is dosed. Awaiting settlement of an in* fringeaent suit pending in oonrt before final dividend can be deolared# Northwestern Terra Cotta Ccapary - Chioago, Illinois 5/ 9/31 - Invoice - 1163 $ 375.00 1/27/31 528.13 On June 4th, 1931, the Court ^pointed as OWBeoeivers, H. J. Luoaa and the Chicago Title and Trust Company, and the business is being oestlnued on a curtailed basis under the reoeivership* The Committees representing oreditor groups hope to formulate a reorganization program for submisaion to oreditors s^on* The Receivers seem to feel quite optomistio of the future of this business# There will be some recovery, if not all, of this aooount* Ohio Varnish Company - 5/29/31 6/22/31 7/21/31 8/31/31 9/ 1/31 9/28/31 10/29/31 11/ 9/31 - Invoice - Invoice - Invoice - Invoioe - Invoioe - Invoice - Invoioe * Invoice Cleveland, - 1641 - 1580 - 2091 - 2136 - 2349 - 2637 - 2576 - 2865 Ohio $1,266.38 1,545.31 364.00 485.44 41.50 19.50 341.88 93.50 11/24/31 48.75 Went in receivership on November 5th, 1931. Williams L. Day appointed Reoeiver. Our proof of Claim was filed on January 29th, 1932. Sale of the Company's assets was approved by the U. S. District Court of Cleveland on January 15th, 1932, to a Syndicate headed by Geo. W. Van Camp, J. 1C. Bateman, Leon A. Robbins ana F. M. Clapp, for a consideration of $130,000.00; payments to be made as follows: $17,000.00 upon confirmation of sale, and starting with May 1st, 1932, the balance is payable in quarterly installments of $9,000.00 with interest at 6Jb, an^ to be paid in full on or before November 1st, 1934* The sale does rot inrl"<3e Accounts Receivable, ,Mhich have been assigned to its depository. Continued on Page 20 - PNYC00001334 Balanoe 8/31/32 4 216.00 195.23 375.00 4,157.51 ACCOUHTS RSCfilVABLS: (Continued) CUSTOMERS LEDGER: (Continued) UHCCIXgCTIBUS ACCOUNTS: (Continued) Name vid Remarks Ohio </arr.ish Company - (Continued) A new Corporation has been organized under 'he name of Chi-Namal Company. A srzall diTidend is expected in November, 1932. From information received from the Reoeiver, and other oreditois involved, the distribution to creditors will be exceedingly small. Last Payment Date AnTunt Balance 8/31/32 Wheatley Rubber Company - Fon du lao, Wisconsin 11/ 1/29 - Invoice - 14669 (Balance) 3 563.34 Business has been in hands of a Creditors* Committee since May, 1930* In a letter of September 14th, 19*?, fr-tn Mr. A. S. Peulioher, Chairman, Creditors* Committee, he states that he is afraid that the Creditors have lost any opportunity of receiving dividends cn their claims. This is a bad account* 1/17/30 f 563*33 $ 563.34 HQTBS RSCSI7A5LB: Past due notes at August 31st, 1932, which remain unpaid at October 25th, 193?: Date Issued 3/ 9/32 3/ 9/32 3/ 9/32 Due 4/ 9/32 5/ 9/32 6/ 9/32 Su m and Remarks Weatherbest Stained Shingle Co. Ino., Weatherbeat Stained Shingle Co. Ino., Weatherbeet Stained Shingle Co, Ino., Rate of Interest Hot Specified Hot Specified Hot Speoi^'ed Amount $ SCO.CO 800,00 350.00 3 2,450.00 Mr. L. 0. Duncan, Sales Jfenager at Akron, attended a creditors' meeting held at the offioes of the Company at Worth Tanawartda, 5. Y on April 30th, 1932. According to -is report the assets of the Company are approximately $425,000.00 and liabilities about 000.00 with certain items in che assets that would hare little value in ease of forced liquidation. He states further th .t the proapeots of paying cut are fair, should the business be continued* A Creditors' Committee was appointed, and they supervised the business until August 18th, 1932, when *he Corporation a&de a general assignment, and under orders of the oourt is being continued for ninety days. CharleB H. Fitoh, a banker Buffalo, Hew York, and William u. Fisher of 'i'onowanda, Hew York, were appointed eo^asaignees. Ho financial information is available at this time. The assignees will endeavor, under Jurisdiction of the oourt, to liquidate its heavy inventory and work cut a re-flnanoe plan. Our proof of claim was filed on August 26th, 1932 for $2,450.00* PNYC00001335