Document MG0mRxm4dxxqrpNjB6Z6VYKRa
7EP0HT 0? Iff, K. H. ANDERSON ELATING TO AVDI? 07 THE a n a ic ^a s a l e s c c ::?a .v :y - e a s t Ch ic a g o , In d ia n a NCTH3ER 21ST, 1932
PERIOD COVERED 3? ATDIT:
Cash Audit General Audit
September 16th, 1931, to September 3rd, 1932, inclusive September 1st, 1931, to August 31st, 1932, inclusive
TXVS RSQ.UISCD FOR AUDIT: 13 Days
CASH;
Cash Book Balanoe - September 3rd, 1932
Cash on Band
- September 3rd, 1932 (9:00 A. M.):
Checks: 8/2-4/32 - Alpha Sign Servioe 8/24/32 - Landers Segal Color Company 9/ 1/32 - Thompson Hayward Chemical Ccmpany
Note: The above checks were deposited cm September 3rd, 1932.
$ 8.40 18*56 12.68
% 39*56 39*56
NOTES RECEIVABLE AMD TRAPS ACCEPTANCES RECEIVABLE:
On Band - September 3rd, 1932:
NOTES:
Empire China Company Burbank, California. 8/ 9/32
Due 9/15/33
t r 290
TRADE ACCEPTANCES:
Erederiok O'Brien Varnish Company
Los Angeles, California.
8/ 4/3a
d u . lo/ae/ia
Paid November 8th, 1938*
$ 7a.oo
300KS AND RECORES CHECKED:
CASH SOON?
yootings of cash Book Deposit Slips to Cash Book, Monthly
Totals to imports made to Nee York Office Postings to General Ledger Postings to Customers Ledger Cash Receipts in detail, as shown on Deposit Slips to Cash Book
September 16th, 1931, to September 3rd, 1932, inclusive
September 16th, 1931, to September 3rd, 1932, inclusive September 1st, 1931, to August 31st, 1932, Inclusive August, 1932 August 1st, 1938, to September 3rd, 1932, inclusive
PNVC 00012012
z
BOOKS x:n> H3C0RTS CH3CKZD: (Continued)
CASH BOOK: (Continued)
RECAPITULATION OF CASH BOOK - SEPTEMBER 1ST, 1931, TO AUGUST 315T, 1932. INCLUSIVE:
Ledger Balance - August 31st, 1931
$ Tone
RECEIPTS:
Customers Ledger Accounts: Anaconda Lead products Anaoonda Lino Oxide
$174,607.53 367,352.67
541,960.20
DISBUFBSCTTT3:
$541,960.20
Deposits cade in the Continental-Illlnoia Bank and Trust Company, Chioago, Illinois, to the credit of the Anaconda Copper Mining Company, New Tork City, If, T. Septmber 1st, 1931, to August 31st, 1933, inclusive
Checks nailed to Mr. Jaa. a . Dickson, General Auditor, during June and July, 1932, for deposit in New Yoric City.
$530,873.00 11,066.40
541,960,20
Ledger Balance - August 31st, 1933
$ None
JOUZfTAL:
Examined Journal Entries and cheeked same to Journal
Footings of Journal Postings to General Ledger Postings to Customers Ledger
GENERAL LEDGER:
postings from Cash Book Postings from Journal Footings of Ledger Accounts Verified Trial Balance, as of
CUSTOMERS LEDGER:
postings from Cash Book postings from lss Coords:
Anaoonda Lead Products Anaconda Lino Oxide Postings from Journal Footings of Ledger Accounts Verified Trial Balance, as of Mailed statements of accounts to customers, stamped some with Auditor's Stamp, and mailed in envelopes bearing return card of General Offloe, Butte, Montana
September and Deo amber 1931, April and August, 1933 September and Deo ember 193., April and August 1933 September 1st, 1931, to August 31st, 19 33, inclusive
August, 1938
September 1st, 1931
September 1st, 1931 September 1st, 1931 August 31st, 1932
to August 31st, 1932, inclusive to August 31st, 1933, inclusive to August 31st, 1932, inclusive
August, 1933
December 1931, and August 1938 December 1931, and August 1938 August, 1932 September 1st, 1931, to August August 31st, 1932
31st,
1933,
inclusive
September 30th, 1932
PNYC 00012013
3
BOCKS a ::d .-5C0P.IB OHFC..YD: (Continued)
Anaconda Lead Products;
Invoices to Record Footings Di* Record Totals to Journal entries Postings to Customers Ledger
Anaconda Zinc Oxide:
Invoices to necord Footings of Reoord To tala to Journal Hitries Posting# to Customers Ledger
CREDIT, MEMORANDUMS: Examined Credit Memorandum# Postings to Sales Reoords
AGENCY STOCK RECORDS:
whl te Lead:
Sale# made through Anaconda ^alea Company from Agenoy Stock#
Zlno Oxide: Sales made through Anaconda S*ies
Company from Agency Stooka
December 1331, and August 1932 December 1931, and August 1932 3epter.be r 1st, 1931, to august 31st, 1932, inclusive Decenber 19 31, and August 1932
December 1931, and August 1932 December 1931, and August 1932 Septenber 1st, 1931, to August 31st, 1932, inclusive December 1931, and august 1932
September 1st, 1931, to August 31st, 1932, inolusive Decenber 1931, and August 1938
August, 1938
August, 1938
GSISHAL LEDGER TRIAL BALANCE - AUGUST 31ST, 1938;
White Lead purohaaed White Lead Sale# Accounts Receivable Accounts payable Zinc Oxide Purchased Zinc Oxide Sale# New York Offloe Note# ftooeivable Trade Acceptances Receivable White Lead in Oil Purchased White Lead in Oil Sales
DR. $125,018.90
65,946.41
855,649.64
2.90 78.00 4,093.29 ____________ $450,789,14
CR. $
185,018,90
12.65
255,649.64 66,014.66
4,093.29 $450,7S9 .14
PNYC 00012014
4
c v s t o it -r s l b d g
Amalgamated paint Company
C. M. Athey paint Company
American Marine Paint Company
Alpha oiga Service
American Paint Corporation
Anglo American Varnish Company
Asbestos .'extile Company
Amertoan Refrigerator Transit Company
imerioan Asphalt paint Company
Allentown Paint Manufacturing Company
Arto Manufacturing Company
Allied paint Manufacturing Company
Allen A Wilson
Aroo Company of California
Benjamin Ansehl Company
Aroo Manufacturing Company
Baer Bros*
J. A* Bauer Potteries
J. S. Bauer Company
Breyer Ice Cream Company
Berry Bros. Company
3oydell Bros* White Lead and Color Company
Burke Morris paint Company
Reuben Be naan
Borden and Remington
Freni: Boenes Company
3ohan Kennedy Moran and Company
Bishop Wire and Cable Corporation
Berg and Markell
waiter N. Boyaen Company
L . Bom Company
Chilton Paint Company
Clement Coverall Company
Colonial Works
Capital paint and Varnish Company
Brooklyn Varnish Manufacturing Company
Certainteed Products Corporation - Richmond , California
Carpenter Morton Company
Carroll - Dunham - Smith Phaxmacal Company
California ink Company
Certainteed Products Corporation - Buffalo, 5. Y.
Cook and Dunn Paint Corporation
City of Minneapolis
B. C. Canfield Company
Colgate Palmolive Peet Company
Certalntted Products Corporation - Bast St. Louis, Uo.
Detroit Graphite Company
Devoe and Reynolds Company - Brooklyn
Drees and Ernest
3. I. Du Pont de Heaours Company
H. 3. IATis Company
Denny and Denny
Prank W. Dunne Company
A. Dalgger and Company
Dibble Color Works
D. and U. Tile Company
Donovan Products Company
Egan and Hauaaann Company
Eastern Creyhound Lines
Eclipse White Lead and Color Company
lastem Varnish Works
Eljer California Company
Ellis Sle-Tcons Paint Company
Fraser Paint Company
Felton Sibley and Company
,
Fuohs sad Lang Manufacturing Company
Amounts Carried Forward
313T, 1932:
DH.
$ 195.00 307.10
1,726.68 3.40
1,204.50 215.00 230.00 174.60 6.50 195.00 13.75 78.00 16.69 78.13 50.06 193.ao 533.94 78.00 57.50 83. 50 780.00 942.50 20.00 60.00 275.40
1.195.00 101.50 287.50 410.00 31.26 18.00 423.00 .79 581.00
1.490.00 66.75
220.00 8.410.00
18.75 39.00 402.69 554.50 12.75 670.00 293.75 1,222.75 2,592.66 324.00 114.00 1,673.12 106.90 13.75
220.00 93.75 39.00
165.00 1.330.00
3.SG 172.50 230.00 156.00
39.00 646.50 192.60
39.00
$ 26,630.02
$ $
PNYC 00012015
39 .39
;V3TO?Z7S LFDGHR t r ia l h a l a u c 2 - AVGV 5? 11S?. 1932: {Conti:
Amounts 3rought Forward
French ToIf Paint Products Company Floorshine paint and Varnish Company *-ro3t Color and /araish Tories Firestone Footwear Company Fuller - Clarfcson and Company Fowler Union Horse Hail Company
M. Friedman and Company FranAlin Pottery Company w. ?. Fuller and Company Federal expositions Ccopany Wa. D. -George Company G. M, Golberg and' Canpany. General Outdoor Advertising Company general ^able Corporation Thos. p. Guinea and Sons
Grasselli Chemioal Canpany Goheen Corporation of Hew Jersey General Paint Corporation - Tulsa General Paint Corporation - Gan Franclsoo General Paint Corporation - Los Angeles L H. Gilmer Company
Galloway Terra Cotta Company Hmcook Paint and Varolah Company J. !. Harris Company Hastings Paint Company Chat. H. Howell Company Henderson and Johnson, Ino. Hardware and Supply Company Hesse Rix Company International Printing In* Corporation International Paint Company
India Laequer Company Xngeraoll Sand Company Jamestown Wood Finishing Company Jim Did It Sign Company Jamaica Paint Company 3. and F. King and Company Kleoo Coopoiny Keyatone Color and Paint Company Keystone Refining Company Kunat 3roe. Keyetone Pottery Company King Paint Manufacturing Company Laclede Paint Manufacturing Company
La Pompadour, Xhc. Longman and Martinas Landers Segal Color Company Louisville Pottery Company Merchants and Manufacturers Paint Company
Murphy varnish Company George E. Morrill and Company Meyer Bros. Drug Company Midland Paint and Varnish -aopany Missouri paolflo Railroad Company Mutual Paint Manufacturing Company Xan P. Maher Company Made Hite Products Company Mount Cleaens Paint Company
Martin Rubber Company McKesson farrend Williams MoKesson Western Wholesale Drug Company
DR.
3 36.,630.02
216.00 78.00 39.75
575.00 39.00 36.00
267.75 46.00
349.00 287.50 195.00 287.85
4.50 387.50
27.30 24.50 810.50
173.64 836.66 X.,150.00
18.00 173.00 187.50 1,,093.50 830.00 143.63 114.38 117.00
54.00 866.80 718.88
10.36 254.75
9.50 90.00 78.00 12.75
.13 50.07 220.00 36.50 405.00 170.3L 63.75 156.00 18.75 60.00 117.00 78.00 112.86 63*75 60.00 52.36 62.49 112.38 28.75 rs.oo 96.00 30.36 18.75
Amounts Carried Forward
* 37 ,967.79
PNYC 00012016
5
315T, 1935: (Continued)
Amounts Brought Forward
McKesson Faxon Drag Conpany McKesson Whittlesey Company McKesson New York Drug Company Fred Nuseman and Conpar.y
Norfolk Paint and Varnish Company -ugeue 2.- Nloe Company National Paint and Varnish Company North American Paint and Chenioal Company
National Fireproofing Corporation Frederic* O'Brien Tarnish Works
Qkonite Company Oao Manufacturing Company Phelan Faust Paint Company ?. 0* Pierce Company Progrest paint Manufacturing Company Puritan Fhannaoentical Company Parker Paint Works paramount Paint and Varnish Company
Faolflo Hard Rubber Company Pennsylvania Greyhound Lines Premier Oil and Lead Works Pittsburg Plate Class Company Pontlao Paint Manui'aoturing Company Purity paint Products Company Phillip Bros. Pennsylvania Soap Company Phyalclans and Hospital Supply Company Pfaltagraff Pottery Company Rex Paint Company Rower 3eine Paint Company Ranstite Manufacturing Company H. D. Roosen Company Reardon Company St, Louis Surfacer and Paint Company Sherwln Lillians Company Standard Paint and Lead Company Stewart Paint Manufacturing Company J, J . Sullivan Sillers Paint and 7arnlsh Company Somerset Rubber Reclaiming Company Sterling Paint Company
David Salkind Standard Oil Company of New York Simplex Wire and Cable Company Strait Outdoor Advertising Company Sein Chemical and Color Company Smith Chemical and Color Company St. Louis - San Francisco railway Company Standard Chemical Works ?. 2* Spencer Ccmpany, Cohn G. Legg, Receiver Socony Tacuua Specialty Company Standard Class and Paint Company John H. Shearman Company Schulte Specialty Company Sanitary Zartheawere Specialty Company Steelcote Manufacturing Company Tey Lo Paint Company Thompson Eaywerd Chemical Company Thompson Wood Finishing Company
Tibbetts - Carr Company A. K. Thomas Faint Company Tyre Bros. Oless and Paint Company Tlaeproof Paint Products Company Triangle Paint Company
DR,
$ 37,967.79
5*75 , 16.69
76.50 79.89 3,555.50
3.00 680.00 305.50 117 .00
39.00 19.75
3.00 195.00 156.00 253.00 163.12
55.00
11.50 6.57
650.00 57.50
156.00 120.00 977.75 237.50
12.75 213.00
39.00 250.38
78.58 691. 28
76.00 66.76 740.00 150.00 736.22 96.75 354.50 60.00 73.00 390.00 65.26 431.25 84.00 32.63 797.38 38.19 260.00 390.00 575.00 31.25 52.50 117.00 18.25 44.19 28.75 23.31 297.50
195.00 230.00
40.56 443.50
39.00
$
Amounts Carried Forward
$ 54,272.04
$
:R. 2.-5
10.00
12.65
PNYC o 012017
7
Ja?0r7 73 L..DGYR TRI.-.L "AL-i UCU - AUGUST 513T, 1932: (C ^ntir.ued)
A-omts Brought Forward
Their Shovel Company Uncollectible Accounts United States Pipe Foundry Company United Color and Pigment Company United Copper Paint Company 7aroraft Torks Yoisan Perfumer Valentine Company Thlte Company ?. Weber and Company Teterproof paint and Varnish Company Western Maryland Railway Company Torth -Steel Company Telskopf Paint Company Teat Paint and Varnish Company Teatherbeat Stained Shingle Company Tishnick Tumpeer Company Taraall Paint Company Yoder and Gordon Company
23.
3 54,272,04
47.50 6,436.73
19.00 157.50
39.00 557.40
5 0.07 498.42
40 39.00 585.00 67.04 43.75 227.50 390.00 350.00 438.06 858.00 871.00
$ 65,946.41
7. $ 12.65
$ 12.65
ACC0UNT5 P3CSI7A3LS:
The following Aooounts Receivable as of August 31st 1932. were past due and remained wholly or partly unpaid at November 19th, 1932:
Customers Ledger:
Last Payment
Date
imoun t
Balance 8/31/33
American Marine Paint Company
s&n Franc is oo, California
5/23/32
Invoice 1347
6/ 2/3*
3-45
6/ 3/3*
1010
6/20/3*
1242
7/ 7/3*
1369
7/14/3*
1583
7/26/3*
1661
7/3B/3*
S-115
8/ 8/3*
1563
230.00 58.99
230.00 330.00 230.00 230.00 230.00
57,69 330.00
8/34/33 |
518.73 $ 1,726.68
A. payment of $283.99 received in September 1933, an d a payment of $460.00 received in October
19 33. Chronio slow customer. Have a good credit latl ng, but are usually about 90 days
American Paint Corpora tlon
Duluth, Mlnr.e sota.
6/11/32
Invole:e 574
6/16/32 6/ 21/3*
1162 674
6/30/3*
760
7/ 9/3*
7 51
7/13/3*
771
7/20/3*
1575
8/10/32
1550
8/10/3*
888
8/13/3*
958
8/25/3* 8/25/3*
990 1758
t 78.00 162.50 156.00 78.00 78.00 78.00 60.00 110.00 78.00 78.00
78.00 170.00
A payment of $374.60 received in Oo tob er 1932.
8/26/32
144.00
1,204.50
PNYC 00012018
8
ACCOUNTS CgCBC'-'AzLD : (Continued) rustlers Ledger; (Continued)
American Faint Corporation: (Continued) Duluth, Minnesota.
old customer and usually from 60 to 90 days slow. Credit letter mailed November 11th, 1933; also an itemized statement of the aocount. Zxpeot a substantial payment soon. Considered a good credit risk.
Capital Paint and Varnish Company
'roIoU&kUly./nU, Nr* . T1 .
4/26/12
Involoe 816
$ 330*00
5/10/52
983 230.00
5/33/32
1195
340.00
6/ 7/32
1010
230.00
7/ 7/3a
1397
230.00
8/26/32
1766
330.00
Paid $4 50.00 In Sap leabar 1932, and $340.00 In Ootober 1933. Chronio slow pay. It time#, four months slow. Ur. Stolte wrote our District Sales Manager, D. M. Tobey, on
November 10th, to call on them for payment. Considered good.
Cook and Dunn Paint Corporation
Newark, N. J
7/11/33
Involoe 1433
7/11/33
753
7/28/33
915
6/29/33
1798
$ 317.50 39.00 78.00
320.00
X good account, but occasionally alow. Paid $306.50 in September and $26.00 in October.
H. 0. Canfield Company
dgeport, Conn.
6/ 4/32
Invoice 976
6/18/32
1208
7/ 6/32
1407
8/ 2/32
1414
8/24/32
1768
$ 115.00 115.00 330.00 120.00 90.00
Becelved payments of $230.00 in September and October 1931. Usually remit promptly when
payment is requested. JL good account.
Drewes and 2mat
Philadelphia, Pa.
9/24/31
Involoe 1227 (Balance)!
1/ 7/33
25
36.00 76.00
In handa of Collection Department of Chicago Credit Uen'a Association. Payments amounting tO $71 .15 received in September and October
1933* Pinal payment to be received in November 1938.
Last payment
Sate
laount
3a la nee S/31/38
8/ 1/32 *
335.25 $ 1,490.00
8/30/33
78.00
554.50
8/17/33
230.00
670.00
8/39/32
21.15
114.00
PNYC 00012019
9
S HSCSIVABIZ: (Continued) s~ccers Ledger: (Continued)
Conovan products Company
Rochester, X. Y#
6/21/32
Invoice
7/ 7/33
7/20/38
696 (Balance) $ 745 867
43.00 70.00 39.00
Paid $48.00 in Sept^ber 1932. Not extending
further credit. Sales made cm each order separate basis. Have been doing some business on this plan so have not insisted too strongly on their past due account. Considered collectible.
3gan Bausman Company
Long Island City, N. Y.
4/11/38
Invoice 576
4/13/32
618
4/25/3*
806
5/19/38
1153
6/13/38
1108
7/ 1/38
1347
7/8/38
1349
7/25/38
1613
8/10/33
1530
6/24/32
1720
$ 105.00 115.00 230.00 230.00
220.00 115.00 115.00
230.00 230.00 230.00
Paid 3450.00 In Ootober 1933. A good oustomer but are usually alow. Have a good oredlt rating. Our salesman, D. K. Tobey, will oall
for a payment soon.
Last Payment
Date
Amount
7/21/32 i
7 3.00
Balance 6/31/32
$ 165.00
/25/3S
385.00
1,830.00
Frazer Paint Company
Detroit, Michigan.
6/ 7/32
Invoice
6/27/32
7/ 1/38
7/19/33
8/ 2/32
8/10/38
8/16/32
516 704
701 809 786
334 908
112.50 78.00
75.00 153.00
75.00
76.00 75.00
Account settled by notes in Ootober. Meet their note payments promptly. A good conoera, but occasionally slow.
5/31/32-
169.50
646.50
Franklin Pottery Company
Landadale, Pa.
7/20/32
Invoice 1623
8/12/33
1586
3 24.00 24.00
?Tew customer. Ho response to credit letters. Will have our salesman, D. U. Tobey, oall on
them for payment. Mr credit rating.
ifa. D. George Company
Los Angeles, California.
6/ 9/38 7/ 5/38
Invoice 644 787
7/15/58
347
8/ 8/3* 8/13/3*
892 946
$ 39.00 39.00
39.00
39.00 39.00
Paid 1117.00 on Ootober 20th, 1938. Just a fair oredlt rlak. w. D. Lynch a Company, our agents, report that the acoount is collectible and are assisting In making collections.
8/23/33
43.00
117.00
195.00
PNYC 00012020
1
?EC~IT.'>.31E: (Continued) tzera Ledger; (Continued)
Henderson and Ichnscn, Inc.
uo >.z i , i.,aa a
6/ 1/32
Invoice 932
6/20/32
1202
6/25/3a
7 24
7/12/32
1437.
3/ 3/32
1430
$ 18.75 '
18.75
39.00 48.36 16.75
Paid $37.50 in October 1932. Snail concern. Pair oredit rating. 60 to 90 days aloe*
Collectible, but slow.
India Laquer Company
Angeles^ California.
5/ 9/38
Invoioe 624
6/17/32
1192
5/21/sa
1276
7/ 1/32
7 27
6/ 1/32
14 24
8/ 8/38
810
8/18/32
966
6/19/33
1698
t 39.00 52.50 52.50 39.00
236.68 39.00 39.00
215.00
Paynenta amounting to $193.00 received in September and October. 7, D. Lynch and Company, our agents, are following up the account for oolleetiona.
Considered good.
Sing Paint Manufacturing Company
Brooklyn, H. T.
6/80/32
Invoice 680
6/36/38
1338
7/19/32
625
6/ 5/32
804
* 78.00 210.00
59.00
78.00
Payment of $327.00 received Kovember 16th, 1932. New concern. Several oredit letters written
before remittance was received. Fair credit
re ting.
Mount Clemens Paint Cccpany
Mount Clemens, Michigan.
4/25/32
Invoice 388
$ 39.00
Delivered by Detroit Warehouse without credit
approval. In hands of collection agency.
Till be charged to Warehouse if oolleotion
is cot made.
<
Las t payment
Sate
Amount
8/24/32 $ 67.13
7/19/38
26.25
--
8/24/38
39.00
National paint and Varnish Company
Los Angeles, California.
5/31/38
Invoice 1311
7/ 1/38
1327
8/ 9/32
1570
$ 220.00 230.00 230.00
6/20/32
Paid $220.00 in September and $230.00 In November 19 32* Usually slow. Have a good credit rating. L. E. Butcher and Company, our agents, iceep the account under observation and assist on collections.
229.00
Balence 8/51/32 $ 143.53
712.88
405.00
39.00 660.00
pNVC 00012021
aiCZIV.-PlZ: (Continued) tone rs ledger: (Cor.t ir.ued)
>r:'oli: Paint ar.d Varnish Company
Norfolk: Downs, Mass.
4/2S/3a
Invoice 444
4/26/32
878
5/ 4/32
931
5/12/32
1017
5/14/32
377
5/17/32
1139
5/26/32
1233
6/ 4/32
972
' 6/20/32
1200
7/14/32
1487
7/S6/J2
1629
6/ 5/33
1490
6/16/32
16 20
8/29/33
1796
8/30/33
1333
$ 75.60 277.50 27 7.50 341.55
75.60 27 7.50 277.50 277.50 138.75 267,50 287.50 287.50 336.44 287.50
50.06
Paid $2,019.00 in Ootober and $1,,536.50 In November 1953, tahing up most of the over due Items* Usually from 30 to 90 days sloe*
Considered reliable and a good aocount.
Progress Paint Manu featuring Company
Louisville , Ky.
5/ 4/32
invoice 827
5/10/32
971
6/14/32
600
7/13/32
755
8/ 5/32
1486
*
57.50 57.50 S .00
39.00 60.00
Paid
00 in September 19 34. Good credit
rating. Usually slow, but collectible*
Considerable correspondence before payments
are received*
Purl ran Pharmaceutical Company
St. Louis, Mo.
4/ 1/32
Invoice 406
5/30/32
1151
$ 81.56 61.56
Paid $81.56 on November 15th, 1932. Very slow. In the future, credit will be cor. *lned to each order separate basis.
Power Seine Paint Company
St. Louis, Mo*
5/ :./32
Invoice 433
5/13/32
590
8/15/33
1584
3/15/32
900
5 76.00 78.00
55.38
Chronic slow account. Collectible but always three or four months slow. Paid $156.00 In November L932.
oo 8
t,aat -aynens
S6".e
jL-ouzt
8/15/32 $ 624. 36
3 r*lance 6 ,31/32 $ 3 555.50
12/12/31
43.50
253.00
7/ 9/32
67.19
163.12
7/14/32
208.81
250.33
PNVC .00012022
1
(Continued) stokers Ledger; (Continued)
j. Boosen Company
Brooklyn, N. V
5/ 5/32
Invoice 915
5/17/32
1087
5/27/32
1269
6/22/33
1232
7/ 7/sa
1359
7/11/3*
1415
7/14/32
1457
7/23/3*
1655
8/ 3/32
1418
$ 197.50 49.33 49.38 49.38 98.75
49.36 96.75
49.38 49.38
Paid $345.64 in Sep tender 1932* Have been very slow during the last year. Had previously been prompt with payments. Mr. Tobey, our
salesman, will call on them soon for payment.
Considered a good account.
Last Payment
Date
Amount
S/15/32 3 396*7
Standard Paint and Lead Company
Cleveland, Ohio.
8/27/31
Iuvoioe 497 (Balanoe) $ 150.00
7/20/33
This Company is in bad shape. Hot issuing further credit. Are mating occasional payments. Received 135.00 in oeptember and $25*00 in Hovember 1933# May eventually oolleot the account in full.
25.00
Stewart Paint Manufacturing Company
Minneapolis, .nne sota.
</ a/3*
Invoice 176
$ 113.65
./ s/33 190 77.10
4/26/3*
813
33.15
4/29/33 440 77.10
5/17/3* 515 77.10
5/23/3* 605 77.10
6/15/3* 59 a 77.10
6/ 3/3*
936
9.SO
7/29/3* 933 77.10
6/16/3* 936 33.55
6/24/3* 973 38.55
8/26/3*
1016
38.55
6/27/3*
Credit
Memo.
45
.65
Chronic slow account. Have a good credit rating.
Paid $115.65 in September and $77.10 in October 1933. Are pressing then for a substantial pay ment. Cood, but very slow.
Sellers Paint and Tarnish Company
Los Angeles, vallfomta.
6/13/32
Invoice 1152 (Balanee)$
6/27/32
762
7/ 1/32
737
7/ 5/33
773
7/19/32
869
8/ 4/32
853
8/ 9/53
688
A good account, but occasionally slow. Considered a good credit .Visic.
3.50 39.00 ?e.00 39.00
39.00
78.00 78.00
8/ 4/33 8/ 4/32
94.43 171,25
Balance S/3 1/32
69 1.25
150.00 736.22
3 54.50
ooo^023 pUVc
13
3 ?ZZZZ''Xi-Z: ( Orr.ti r.ued) st:r:er3 Ledger: (C crt ir.u**d)
Sterling Faint 2onp any
ImervTille, alif-rnia.
:/u/?2
Ir.Tjlso 560
7/11/32
763
*, 39 *00 39.00
New customer. Paid $33.00 in Sop tender Trote L. K* Butcher and Gonnany, our agents. on 'November 11th asking them to try and make
collec tion*
Last Payment
Date
Amount
$
David Salklnd Philadelphia,
5/13/32 6/10/32 8/ 5/32
Pa. Invoice
501 570 836
$ 117,00 155. 00 117.00
Painting contractor. Old customer. Ha* always been slow. ?wo Checks returned In august 19 33, account Insufficient funds* "Payment received
upon third presentation* H. N. Brown, our salesman, will call and try to make collection*
Rather doubtful.
S/29/M
117.00
Standard Cheaaioal Tories
Reading, Pa*
3/10/32
Invoice 495
7/19/32
833
8/25/32
S-122
$ 117*00 70*00 85*00
Paid $117.00 In September and $70,00 in Ootober 1932. New customer. Have a fair credit rating.
Considered a good risk.
Smith Chemical and Color Company
New York City, N, Y.
6/ 2/3a
Invoice 940 (Balance)!
6/ 6/32
9 94
6/ 3/32
1043
6/16/32
1156
6/23/32
1264
6/30/32
1382
8/ 3/32
1470
B/16/32
1678
4.00 57.50 90.00
121.00 27.50
37.38 230.00 230.00
Oooasionally slow, but is a satisfactory accoun Have a good oredit rating. All old items paid
in October.
John E. Sherman Company
New York City, K. Y.
5/11/31
Involoe 987 (Balanced
52.50
Gone out of business* Prospeots of collection are very remote.
Doubtful account.
8/19/3a 10/19/31
8 3.50 15*00
3alar.ce 8/31/32 $ 75.00
390.00
380.00
797.38
52.50
PNYC 00012024
.yTS 5BC5IYA3L5: (Continued) Customers Ledger: (Continued)
Tlbbett3 - Car r Coapany
Los Angeles, California
5/ 6/3a
Invoice 473
5/20/3a
629
7/13/33
793
S/ 1/3*
820
6/19/33
980
i 39.00
39.00
39.00 39.00 39.00
Faid #70.00 tn September 1932. Chronic slow customer* Will refuse further credit unless account is reduced soon.
Collectible, hit slow.
Tay Lo Paint Company
Savannah, Ca*
5/19/3*
Invoice 1165
# *6.75
locount has been plaoed in hands of tbe Colleatioa Department of the Chicago Credit Man's Association. A composition settlement of fifty per oent has been offered. This settlement will probably be aoeepted.
Collection in full is very doubtful.
Voisan Perfumer
New York City, N. Y.
6/ 1/3*
Invoice 916
ft/30/3*
1368
7/19/3*
1537
$ lft.69 16.69 16.69
Cone out of business. V.t , Tobey, our salesman is trying to make collection.
Consider this a doubtful account.
Yarns 11 PaiDt Company
Philadelphia, Fa.
. 5/19/3*
Invoice
6/ 6/3*
7/15/33
7/19/3*
8/ a/3*
8/1V33
581 554 813 863 800 914
# 195.00 195.00 117.00 117.00 117.00 117.00
Usually prompt in their payments. Have a good oredlt rating and is considered a satisfactory account. Erpect settlement soon.
Yoder and Gordon Conpany
Norfolk, V. 5/ ft/32
Inroice 435
6/31/3*
686
6/39/3*
768
7/ 9/33
731
7/35/3* 8/ 9/3*
1669 1548
8/34/33
1012
# 117.00 117.00 117.00 117. oo
107.50 217.50
78.00
Paid #*34.00 In September 193*. Usually prompt in meeting their payments, but have, been slow
of late. Have good credit rating. Have asked Itr. Tobey, our salemsan, to call on them for
payment.
Last Payment
Date
Amount
8/ 22/ 33 3 39.00
8/15/32
195.00
7/37/33
Balance S/31/38 # IS 5 *00
a3.75
50.07
858.00
871.00
PNYC 00012025
15
ACCOUNTS RECZIVA3LZ : (Continued)
Customers Ledger: (Continued)
Uncollectible Accounts;
The following accounts, the status of which has been established, have,been transferred to one account, "Uncollectible Accounts". Some snail payments nay be received on a few of the accounts before they are charged off.
Kreba Pigment and Chemical Company
Wilmington, ^laware. 10/15/30 - Involoa OS-1740
* 103.75
Bankrupt. Receivership haa been closed* Nothing left for distribution to creditors* Our proof of olaia filed October 0th, 1031. final report
`received September 16th, 19 38. Will be charged off.
Last Payment
Data
Among t
-$
3alance 6/51/53
103.75
Lehman Bros.
J eraey City, N, J.
10/ 1/89
Invoice OS-4384
12/26/29
OS-4863
8 67.50
3.38
'Rii s Company haa be operating under the direction
of a Creditor's Committee elnoe March 1st, 1930. Have been making some progress and an extension agreement was given from March 1st, 1938. A small profit was made in 1931, but no prospeot for an early dividend. May eventually collsot a part of chis aoooun t
7 0.83
Mutual Paint Company
at. Paul, Minnesota. Thirteen Invoices from: May 27, 1931, to October 6, 19318
450 * 39
This Company went into a receivership December 19th,
1931, Jaok Tarbox appointed Receiver. Our Proof of Claim filed March 2lst, 1932. Letter of December 14th, 19 38, from the Reoelver indioatee that a small dividend may be paid In Deoeober 1938. Reoovery to oreditorw will be very email.
-
450.39
0510 Varnlah Ccwpany
Claraland, 0510. Ten Invoices from: May 1, 19 31, to October 12, 1931 8 913.50
*
This Company went into hands of a Receiver on November
4th, 1931. Our Proof of Claim was filed Pebruary 5th,
1932, with to. L. Day, Reoeiver. Reosct correspondence
lndlostes that a small dividend may be expeoted soon,
and that final distribution to oredltora will be
exceedingly small. Assets of the Company were sold to
the Chi-5aael Company on January 17th, 1932, for
approximately 8120*000.00, payable as follows:
Cash jmysant of
$17,000.00, and
a series of promissory notes maturing
in installments of $8*000*00 every
three months.
Preferred Claims of $50,000.00 have been filed, and
General Claim* of about $400,000.00.
t
Carried forward
" 913.50
___________
8 1,536.52
PNYC 00012026
16
ACCOUNTS RECEIVABLE: (Continued) Custopers Ledger: (Continued) Uncollectible Accounts: (Continued)
Brought forward
Phoenix Paint and Tarnish -csnpany
Philadelphia, Pa*
6/ 3/31
Invoice QS-906 (Bal) # 10*39
7/15/31
OS-947
217*50
Bankrupt* Proof of Claim filed February 4th, 1933, with David Werner Aaram, Referee in Bankruptcy. A dividend of 3^ was paid on June 6th, 1933. rurther dividend* are very
* unlikely. Bad Account'.
Last payment
Date
Amount
6/ c/38
%
7.05
3alance 8/31/32
$ 1,538.52 227.39
F. E. Spenoer Canpany
He* Haven, Conn.
Ten Invoice* from:
June 30, 1930, to October 7, 1930*4,778.70
Lees two - 5 Dividend Payment*
477*88
Bankrupt. Claim filed with John C* Legg, Receiver, February 16, 19 31. Letter of September 6th, 1933, from the Receiver state* that every effort is being made to oonduot the business so that further dividend* may be paid. No definite time indicated for the next dividend. Purchases of material are being made frca us and payment* made promptly.
1/ 19/31
238.9*
4,300.08
Toledo Industrial Paint Company
Toledo, Ohio.
5/ 1/31
Invoioe 491
6/ 1/31
510
* 87.00 87.00
This Company** business ves operated by a Creditor'* Committee for awhile, but was not successful. The physical assets were sold, by order of the Court, on July 9th, 1932. Same account* receivable are being collected. The first and final distribution of dividend* to oreditors will be made in December 1932. The amount will be small. Balanoe of the account to be written off after dividend payment is received.
Willoar Paint Uanufaoturlng Company
Willmar, saaaesota.
4/ 1/27
Invoice OS- 144
8/31/27
OS-1473
8/27/27
OS- 481
% 120.50 54.00
21.00
Bankrupt. The Reoeiver reports that all asset* have been disposed of, and that the total amount received will not cover preferred claim* and
expenses. 3ad Account. Will be charged off this year
TOTAL UNC0LLZCTI3L5 ACCOUNTS
174,00 19 5.50 $ , 6,436.73
pnrfiara .
y
I found the books and record* of this department to be in good shape and the woflc well done.
pn y c
OOO12027