Document NEOz25G45V272qkkG01k4xgjg

REPORT 0? Iff, K. H. ANDERSON 3ZLkZZN'T ?Q AV3I? 0? th; anaic^a sales cc::?a.v:y - east Chicago. Indiana ::07S3SH 21ST, 1938 PERIOD COVERED 2? A'JDIT: Cash Audit General Audit September 16th, 1931, to September 3rd, 1932, inclusive September 1st, 1931, to August 31st, 1932, inclusive 7XVS RSQUI-CD FOR AUDIT: 13 Days CASH: Cast Book Balance - September 3rd, 1932 Cash on Band - September 3rd, 1932 (9:00 A. ii.): Checks: 8/24/32 - Alpha Sign Servioe 8/24/32 - Landers Segal Color Company 9/ 1/32 - Thompson Hayward Chemical Ccmpany . Note: The above checks were deposited c. September 3rd, 1932< * 8.40 18*66 12,62 $ 39*56 39.58 NOTES RECEIVABLE AMD TRAPS ACCEPTANCES RECEIVABLE: On Hand - September 3rd, 1932: NOTES: Empire China Company Burbank, California. 8/ 9/32 Due 9/15/33 . $ ' 2.90 TRADE ACCEPTANCES: Prederiok O'Brien Varnish Company Los Angeles, California. 8/ 4/3a Due 10/36/38 Paid November 8th, 1938* ' f 78.00 300KS AND RECORIB CHECKED: CASS BOOK: Pootinga of Cash Book Deposit Slips to Cash Book, Monthly Totals to imports made to New 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, 1932, to September 3rd, 1932, inclusive PNYC 00012012 N11168 z BOOKS a:n> RECORDS CHSCEZD? (Continued) CASK BOOK: (Continued) RECAPITULATION OF CASK BOOK - SEPTEMBER 1ST, 1931, TO AUGUST 313?. 1932, INCLUSIVE: Ledger Balance - August 31st, 1931 3 Tone RECEIPTS: Customers Ledger Accounts: Anaconda Lead products Anaconda lino Oxide $174,607*53 367,352*67 541.960,20 I?ISBUF5aSIT3: $541,960.20 Deposits cade in the Continental-Illinois 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, 1938, inclusive Checks mailed to Mr* Jas. 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, 1931 $ None JOUZfTAL: Examined Journal Entries and checked 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 CUSTOMS PS LEDGER: Postings from Cash Book Postings from isles Coords; Ansoonda 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* Butts, Montana September and Deo ember 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, to August 31st, 1932, inclusive September 1st, 1931, to August 31st, 1933, inclusive September 1st, 1931* to August 3lst* 1932* inclusive August 31st, 1932 August* 1933 December 1931* and August 1938 December 19 31, and August 1938 August* 1932 September 1st, 1931, to August August 31st, 1932 31st, 1932* inclusive September 30tb, 1933 PNYC 00012013 3 BOCKS A?:p .RCO.-.IB zy.ZZ'.ZD: (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 Totals to Journal Sitries Postings to Customers Ledger CREDIT .tmtORA^pmS: Examined Credit Memorandums Postings to Sales Reoords AGENCY STOCK RECORDS: Whl te Lead: Sales made through Anaconda oales Company from Agenoy Stocks Zlno Oxide: Sales made through Anaconda oales Company fron Agency Stooks December 1331, and August 1932 December 1931, and August 1932 3e;.ter.'-.e r 1st, 1931, to august 31st, 1932, inclusive Decenber 19 31, and August 1932 December 1931, and August 1932 December 1931, and August 1932 September 1st, 1931, to August 31st, 1932, inclusive December 1931, and august 1932 Septnber 1st, 1931, to August 31st, 1932, inclusive Decenber 1931, and August 1938 August, 1932 . August, 1938 GSrSRAL LEDGER TRIAL BALANCE - AUGUST 31ST. 1932; White Lead Purchased White Lead Sales Accounts Receivable Accounts Payable Zinc Oxide Purchased Zinc Oxide Sales New York Offlo* . Notes ftooeivable Trade Acceptances Receivable White Lead in Oil Purchased White Lead in Oil Salea DR. $185,018.90 65,946.41 355,649.64 2.90 78.00 4,093.29 ____________ $450,789,14 CR. $ ia5,018,90 12.65 255,649.64 66,014.66 4,093.29 $450,7S9.14 PNYC 00012014 4 cvstoit-rs zx~?. eaia:'ch 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 Amerioan Refrigerator Transit Company American 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 2. Bauer Company Breyer Ice Cream Company Berry Bros. Company 3oydell Bros* White Lead and Color Company Burke Morris paint Company Reuben Be nan Borden and Remington Fran* Bowies Company 3ohan Kennedy Moran and Company Blehop Wire and Cable Corporation Berg and Markell waiter N. Boyeen Company L. Bora Company Chilton Paint Company Clement Coverall Company Colonial lories Capital paint and Varnish Company Brooklyn Varnish Manufacturing Company Certainteed Products Corporation - Richmond > California Carpenter Morton Company Carroll - Dunham - Smith Pharmacal Company California Ink Company Certainteed products Corporation - 3uffslo, 5. Y. Cook and Dunn Paint Corporation City of Minneapolis B. C. Canfield Company Colgate Palmolive Peet Company Certalntted Products Corporation - East St. Louis, Mo. Detroit Graphite Company Devoe and Reynolds Company - Brooklyn Drees and Ernest 5. I. Du Pont de Heaours Company H. 3. Divla Company Denny and Denny Prank W. I*anne Company A. Dalgger and Company Dibble Color Works D. and U. Tilw Company Donovan Products Company Egan and Hauaaann Company Eastern Oreyhound Lines . Solipse White Lead and Color Company Eastern Varnish Works ' Eljer California Company Xllie sle.tcons Paint Company Prater Paint Company Belton Sibley and Company , Puohs sad Lang Manufacturing Company Amount* 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 50.06 193.50 533.94 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 1,673.12 108.90 13.75 220.00 93.75 39.00 165.00 1.830.00 3.80 172.50 230.00 156.00 39.00 646.50 192.60 39.00 $ 26,630.02 $ . * .39 $ .39 PNYC 00012015 ;vsto?z7s l-idokr trial bala:::s - Avr;yr nst. 1933? {Continued) Amounts Brought Forward French ToIf Paint Products Company Floorshine paint and Varnish Company Frost Color and Varnish Tories Firestone Footwear Company Fuller - Claricson and company Fowler Union Horse Hail Company U. Friedman and Company FranAlin Pottery Company ' w. ?. Fuller and Company Federal expositions Company ffm. D, -George Company G. M, Golberg and' Canpany General Outdoor Advertising Company General Cable Corporation Thos. ?. Gaines and Sons Grasselli Chemioal Canpany Goheen Corporation of Hew Jersey General Paint Corporation - Tulsa General Paint Corporation - San Franclsoo General Paint Corporation - Los Angeles L H. Cilmer Company Galloway Terra Cotta Company Hancook Paint and Varnish Company J. S. Harris Company Hastings Paint Company Chat. H. Howell Company Henderson and Johnson, Ino. Hardware and Supply Company Hess* Pd 1 Company International Printing In* Corporation International Paint Company India Lacquer Company Xngersoll Sand Company Jamestown Wood Finishing Company Jim Did It Sign Company Jamaica Paint Company 3. and F. King and Company Kleoo Compejiy Keystone Color and Paint Company Keystone Refining Company Kunat 3ros. Keystone Pottery Company King Paint Manufacturing Company Laclede paint Manufacturing Company La Pompadour, Xnc. Longman and Martinez 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 Company Missouri Paolflo Railroad Company Mutual Paint Manufacturing Company Dan P. Uahsr Company Made Hite Products Company Mount Cleaens Paint Company Martin Rubber Company McKesson Farrand Williams KoKesson Western Wholesale Drug Company 3 26,630.02 216.00 78.00 29.75 57 5.00 39.00 36.00 267.75 46.00 349.00 287.50 195.00 287.85 4.50 287.50 27.30 24.50 810.50 173.64 836.66 1,150.00 18.00 173.00 187.50 1,093.50 230.00 143.63 114.38 117.00 54.00 866.80 7l8.&e 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 75.00 112.88 63.75 60.00 52.38 62.49 112.38 28.75 S .00 96.00 30.38 18.75 CR. $ 39 ' 2.26 Amounts Carried Forward $ 37,987.79 $ , 2.65 PNYC 00012016 11ST, 1932: (Continued) Amounts Brought Forward McKesson Teuton Crus Company McKesson Tfhittlesey Company McKesson New York Drug Company Fred Nuseman and Conpar.y Norfolk Paint and Varnish Company -ugeue S.- Nloe Company National Paint and Varr.ish Company North American Paint and Chemical Company National Fireproofing Corporation Frederic* O'Brien Tarnish Works Okonite Company Omo Manufacturing Company Phelan Faust Paint Company ?. 0. Fieroe Company Progrest paint Manufacturing Company Puritan phannaoentical Company Parker Paint Works paramount Paint and Varnish Company Faalflo Hard Rubber Company Pennsylvania Greyhound Lines Premier Oil and Lead Works Pittsburg Plate Glass Company Pontiaa paint Manufacturing Company Purity Paint Products Company Phillip Bros. Pennsylvania Soap Company Pbyaiciana and Hospital supply Company Pfaltigraff Pottery Company Rex paint Company Rower 3eine Paint Company Ranetlte Manufacturing Company H. D. Roosen Company Reardon Company St, Louis Surfacer and Paint Company Sherwln Tilllans Company Standard Paint and Lead Company Stewart Paint Manufacturing Company J. J. Sullivan Siller* Paint and 7arnlsh Company Somerset Rubber Reolalaing Company Sterling Paint Company David Selkind Standard Oil Company of New fork 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 ?. Z Spencer Ccmpany, John G. Legg, Receiver Socony 7acuua Specialty Company Standard Class and Paint Company John H. Shearman Company Schulte Specialty Company Sanitary Sartheawere Specialty Company . Steelcote Manufacturing Company 7ay Lo Paint Company Thompson Eayvwrd Chemical Company . Thompson Wood Finishing Company Tibbett* - Carr Company A. K. Thomas Faint Company Tyre Bros. Glass 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 39.00 250.36 78.58 691. 26 76.00 66.76 740.00 150.00 736.22 96.75 354.50 60.00 78.00 390.00 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 CR. $ 2.65 10.00 Amounts Carried Forward $ 54,272.04 $ 12.65 PNYc 0l20n 7 a TO? 7.7.3 L-.DTTR IAIAUCu - AUTTiT 313T, 1932: (Continued) A.-o-nts Brought Forward Thew Shovel Company Uncollectible Accounts United States Pipe Foundry Company United Color and Pigment Company United Copper paint Company 7arcraft Tories Yoisan Perfumer Valentine Company White Company ?. Weber and Company ' Teterproof paint and Varnish Company Western Maryland Railway Company Worth-Steel Company Teiskopf Paint Company Test Paint and Varnish Company Weatherbest Stained Shingle Company Tishniclc Tumpeer Company Tamall Paint Company Yoder and Gordon Company DR. $ 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 cr. $ 12.65 12.65 ACCOUSTS PsSCSIVABLg: The following Aooounts Receivable as of August 31st 1932. were past due and remained wholly or partly unpaid at November 19th, 193*: Customers Ledger: Last Payment Date Aaount Balance 6/31/33 American Marine Paint Company o&n Franc isoo, California 5/23/33 Invoice 1347 6/ 2/33 3-45 6/ 3/33 1010 6/20/33 1243 7/ 7/3S 1369 7/14/33 1583 7/26/33 1661 7/3B/33 S-115 8/ 8/33 1568 $ 230.00 56.99 230.00 330.00 230.00 230.00 230.00 57.69 230.00 8/84/32 $ 518.73 1.726.6B A payment of $283.99 received in September 1932, an d a payment of $460.00 received in October 19 33. Chronio slow customer. Have a good credit imtlng, but are usually about 90 days slow. American paint Corporation Duluth, Minnesota. 6/11/32 Invoice 574 6/16/32 6/21/32 1162 674 6/30/32 760 7/ 9/32 7 51 7/13/32 771 7/20/32 1575 8/10/32 1550 8/10/32 888 S/13/32 958 8/25/3* 8/E5/3* 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 $374.50 received in Ootober 1932. 8/26/32 144.00 1,204.50 PNYC 00012018 8 (Continued) 1cmers Led^er: (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 'rooklyn, N. T. 4/26/12 - Invol 816 * a3o.oo 5/10/32 983 230.00 5/23/3* 1195 340.00 6/ 7/32 1018 230.00 7/ 7/32 1397 230.00 8/26/3* 1766 230.00 Paid *460.00 In Soptember 1S32, and *340.00 In Ootober 1933. Chronio slow pay. it time#, four months slow. Ur. Stolte wrote our District Sales Manager, D. U. Tobey, on November 10th, to call on them for payment. Considered good. .>ok and Dunn Paint Corporation Newark, N. J 7/11/5* Invoice 1433 7/11/3* 753 7/26/3* 915 6/2S/3* 1798 * 217.50 39.00 78.00 220.00 1 good aeoount, but occasionally slow. Paid $308.50 in September and $26.00 in October. H. 0. Canfield Company .dgeport, Conn. 6/ 4/32 Invoice 976 6/18/3* 1208 7/ 6/32 1407 8/ 2/3* 1414 8/24/3* 1768 * 115.00 115.00 330.00 120.00 90.00 deceived payments of $230.00 in September and October 1938. Usually remit promptly when payment is requested. . JL good account. Drewes and 2mat Philadelphia, Pa. 9/24/31 Invoioe 1227 (Balance)! 1/ 7/32 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. Final payment to be received in November 1938. Last payment Date Amount za_a nee S/31/38 B/ 1/32 * 335.25 $ 1,490.00 8/30/38 78.00 554.50 8/17/38 230.00 670.00 8/29/32 21.15 114.00 PNYC 00012019 9 S RHCHIV^BLZ: (Continued) soccers Ledger: (Continued) Conovan Products Company Rochester, X. Y# 6/21/32 Invoice 7/ 7/33 7/20/33 696 {Balance) $ 745 867 43.00 70.00 39.00 Paid $48.00 in September 1932. Hot extending further credit. Sales cede cn 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 Hausman Company Long Island. City, N. T, 4/11/38 Invoice 57 6 4/13/38 618 4/25/38 806 5/19/38 1153 6/13/38 1108 7/ 1/38 1347 7/2/38 1349 7/25/38 1613 8/10/33 1530 8/24/32 1720 $ 105.00 115.00 230.00 230.00 230.00 115.00 115.00 230.00 230.00 230.00 Paid $450.00 in October 1933. A good oustomer but are usually alow. Have a good oredit rating. Our salesman, D. K. Tobey, will oall for a payment soon. Last payment Date Amount 7/21/32 $ 75.00 6/31/32 $ 165.00 8/25/38 1,830.00 r Paint Company ;roit, Michigan. 6/ 7/32 Invoice 3/27/32 7/ 1/32 7/19/32 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 Franlclln Pottery Company Landsdale, Pa. 7/20/32 Invoice 1623 8/12/32 1586 $ 24.00 34.00 Hew customer. Ho response to credit letters. Will have our salesman, D. U. Tobey, oall on them for payment. Fair oredit rating. ita. D. George Company Los Angeles, California. 6/ 9/38 7/ 5/38 7/15/38 Invoice 644 787 347 8/ 8/38 8/13/38 892 946 $ 39.00 39.00 39.00 39.00 39.00 Paid $117.00 on Ootober 20th, 1933. Just a fair oredit risk. T. 0. Lynch & Company, our agents, report that the ecoount is collectible and are assisting in making collections. 8/ 23 / 32 - 43.00 117 . 00 195.00 PNYC 00012020 1 PSC7.IVA515: (Continued) tzera Ledger; (Continued) Henderson and Ithnscn, Inc. Clouster, Mass. 5/ 3/32 Invoice 932 6/20/32 1202 6/25/33 7 24 7/12/32 1437. 8/ 3/32 1430 $ 18.75 18.75 39.00 48.36 18.75 Paid $37.50 in Ootober 1932. Small concern* Pair oredit rating. 60 to 90 days slow* Collectible, but slow. India Laquer Company Lbs Angeles,. California. 6/ 9/32 Invoioe 624 6/17/38 1192 5/21/sa 1276 7/ 1/38 7 27 8/ 1/38 14 24 8/ 8/38 810 8/18/38 966 8/19/33 1698 t 39.00 52.50 52.50 39.00 236.66 39.00 39.00 215.00 Payment# amounting to $193.00 received in September and October. 7. D. Lynch and Company, our agents, are following up th* account for oolleetions* Considered good. Sing Paint Manufacturing Company Brooklyn, H. T. 6/20/3* Invoice 660 6/28/38 1338 7/19/38 625 8/ 5/32 804 * 78.00 210.00 39.00 78.00 Payment of $327.00 received Kovember 16th, 1932. New concern. Several oredit letters written before remittance was received. Fair credit rating. Mount Clemens Paint Ctapany Mount Clemens, Michigan. 4/25/32 Invoice 398 $ 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 late Amount 8/24/32 $ 67.13 7/19/38 26.85 ' -- 8/24/32 39.00 National paint and Varnish Company Los Angeles, Oallfornia. 5/31/38 Invoice 1311 7/ 1/38 1327 8/ 9/32 1570 $ 220.00 230.00 230,00 8/20/32 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. Balance 8/31/.32 $ 143.53 712.88 405.00 39.00 560.00 PNYC 00012021 Airoins azcirv.-rLS: (Continued) Customers Ledger2 (Cor.t ir.ued) rfolic Paint and Varnish Company* Norfolk Downs, Mass. 4/28/38 Invoice 444 4/36/32 878 3/ 4/32 931 5/12/38 1017 5/14/38 377 5/17/32 1139 5/26/32 1233 6/ 4/32 972 ' 6/20/38 1200 7/14/38 1487 7/26/38 1629 6/ 5/38 1490 6/16/32 16 20 8/29/38 1796 8/30/33 132D $ 75.60 277.50 27 7.50 341.55 75.60 27 7.50 277.50 377.50 138.75 267.50 287.50 287.50 336.44 287.50 50.06 paid $2,0X9.00 in Ootober and $1,536.50 In November 1932, 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 5/10/38 971 6/14/38 600 7/13/38 755 8/ 9/38 1486 * 57.50 57.50 3 .00 39.00 60.00 Paid $114.00 in September 19 32. Good credit rating. Usually slow, but oolleetlble. Considerable correspondence before payments are received. Puritan Pharmaceutical Company St. Louis, Mo. 4/ 1/32 Invoice 406 5/30/32 1151 $ 81.56 61.56 Paid $81.56 on November 16th, 1932. Very slow, la the future, credit will be confined to each order separate 'oasis. Power Seine Paint Company St. Louis, Wo* 5/ 9/38 Invoice 433 5/13/38 590 8/15/33 1584 3/15/38 900 5 76.00 78.00 55.38 Chronic slow account. Collectible but always three or four months slow. Paid $156.00 in November 1932. oo Last .-aynent pateAmount 8/15/38 S 624.36 dxlur.ce 6, 31/32 $ 3,555.50 12/12/31 43.50 253.00 7/ 9/32 $7.19 163.12 7/14/32 208.81 250.33 - PNYC -00012022 1 ACCC.7T3 ?."CII"A'iL3: ([Continued) Customers Ledger: (Continue a) K. T>. Roosen C:rr.rar.y Brooklyn, N. V 5/ 5/32 Ir.voic e 915 5/17/32 1087 5/27/32 1269 6/22/32 1232 7/ 7/32 1359 7/11/32 1415 7/14/32 1457 7/29/3* 1685 0/ 3/32 1418 $ 197.50 49.33 49.36 49.38 98.75 49.36 96*75 49*36 49.36 Paid $345.64 in Sep ter.be r 1932* Have been very sloe 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 pavnent Date Amount S/15/32 S 396.7 5 Standard Paint and Lead Company Cleveland, Ohio. 8/27/31 Invoioe 497 (Balanoe) $ 150.00 . 7/20/32 This Company is in bad shape. 'lot issuing further credit. Are mating occasional payments. Received $35.00 in -September and $25*00 in Hovember 1933* May eventually oolleot the account in full. 25.00 Stewart Paint Manufacturing Company Minneapolis, Minnesota* 4/ 2/33 Invoice 176 $ 115.65 4/ 5/32 190 77.10 4/26/3* 813 33.15 4/29/32 440 77.10 5/17/32 515 77.10 5/23/32 605 77.10 6/15/32 59 a 77.10 6/ 3/32 936 9.80 7/29/32 933 77.10 0/16/32 936 38.55 6/24/32 978 36.55 0/26/3* 1016 38.55 6/27/32 Credit Memo 45 .63 Chronic alow aocount. Have ft good credit rating. Paid $115.65 in September and $77.10 in October 1933. Are pressing then for a substantial payment* food, but very slow. Sellers Paint and Tarnish Company Los Angeles, California, 6/13/32 Invoice 1158 (5alance)$ 6/27/32 7/ 1/3* 762 737 7/ 5/3* 773 7/19/32 869 6/ 4/32 853 6/ 9/3* 886 A good accounv, but occasionally alow. Considered a good credit .Visic. 3.50 39.00 7e.oo 39.00 39.00 78.00 78.00 8/ 4/3* 3/ 4/32 94.43 171,85 Balance 8/31/32 * 69 1.26 150.00 736.22 354.50 OOOA^3 13 3 steers ( Scr.tir.ued) (Ccr.tir.u**d) Sterling Faint Company Imervville, California. 1/13/32 Invoice 560 7/13/32 ?63 *> 39*00 39*00 New customer. Paid $30.00 in Sep tender* Trote L. E* 3utcber and Company, our agents, on-November llth 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 501 570 836 117,00 156.00 117.00 Painting contractor. Old customer. Has always been alow. Two Checks returned In august 19 32, account insufficient funda* 'Payment received upon third presentation* H. N* Brown, our salesman, will call and try to make collection* father doubtful. 6/29/38 117.00 Standard Chettioal *orka Reading, Pa# 3/10/32 Invoice 495 7/19/32 863 8/25/32 S-122 $ 117.00 78.00 65*00 Paid $117.00 in -September and $78*00 in October 1932. New customer. Have a fair credit rating. Considered a good risk. Smith Chemical and Color Company New York City, N. Y. 6/ 2/32 Invoice 940 (Balance)! 6/ 6/32 6/ 8/32 6/16/38 9 94 1043 1156 6/23/32 6/30/38 1264 1382 8/ 3/38 8/16/32 1470 1678 4.00 57.50 90.00 121.00 27.50 37.38 230.00 230.00 Oooaaionally slow, but is a satisfactory account. Have a sood oredit rat:Lng. All old items paid in October. John E. Sherman Company :: Ylrlc city, K. Y. 5/11/31 Involoe 967 (Balance) $ 52.50 Gone out of business* Prospeots of collection are very remote. Doubtful account. 8/19/33 10/19/31 3alar.ce 3/31/32 $ 76.00 390.00 380.00 797.36 52.50 PNYC 00012024 i4 ,y7S HLCLIVALLS: {Continued) Customers Ledger; (Continued) Los Angeles, California* 5/ 6/3a Invoice 473 5/20/3a 629 7/12/32 793 3/ 1/3* 820 8/19/32 980 $ 39.00 39.00 39.00 39.00 39.00 Fftid #70.00 in September 1932. Chronic slow customer* will refuse further credit unless account Is reduced soon* Collectible, bat slow. Tay Lo Paint Company Savannah, Ga* 5/19/3* Invoice 1165 # 26*75 Aocount has been plaoed in hands of the Colleation Department of the Chicago Credit Man*a Association. A composition settlement of fifty per cent has been offered# This settlement will probably be aocepted. Collection In full is very doubtful# - Volsan Perfumer New York City, N# Y. 6/ 1/3* ft/30/3* 7/19/3* Invoice 916 1368 1537 $ 16.69 16.69 16.69 Cone out of business* Ur. Tobey, our salesman is trying to make collection. Consider this s doubtful account. Yarna11 Paint Company Philadelphia , Pa. . 5/19/3* Invoice 6/ 8/51 7/15/33 7/19/3* 8/ 3/3* e/i*/3* 581 554 813 863 800 914 # 195.00 195.00 117.00 117.00 117.00 117.00 Usually prcmpt in their payments. Have a good oredit rating and is considered a satisfactory account# ipect settlement soon. Yoder and Cordon Company Norfolk, Va. 5/ 6/33 Invoice 435 6/21/3* 686 6/29/3* 768 7/ 9/33 731 7/25/3* 1669 8/ 9/3* 1548 8/24/32 1012 # 117.00 117.00 117.00 117.00 . 107.50 217.50 78.00 Paid #*34.00 In September 193*. Usually prompt la meeting their payments, but have been slow of late# Have good credit rating. Have asked Ur. Tobey, our sale#an, to oall on them for payment. Last Payment Late Amount S/22/ 33 1 39.00 - ~- 8/15/32 195.00 7/27/32 Balance S/31/38 $ 195.00 26.75 . ' 50*07 858.00 671.00 PNYC 00012025 15 ACCOUNTS RECSIVA3LS: (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. Krebs Pigment and Chemical Company Wilmington, ^laware. 10/15/30 - Involoe OS-1740 # 103.75 Bankrupt. Receivership haa been closed. Nothing left for distribution to creditors* Our proof of olaia filed October 0th, 1931. final report `received September 16th, 19 38. Will be charged off. Last Payment Date ... Juaoun t -$ Lehman Bros. Jeraey City, N. J. 10/ 1/89 Invoice OS-4384 12/26/29 OS-4863 # 67.50 3.38 This Company haa be operating under the direction of a Creditor's Committee alnoe 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 oolleot a part of thl s aooount* Mutual Paint Company at. Paul, Minnesota. Thirteen Invoices from: May 27, 1931, to October 6, 1931# 450.38 This Company went into a receivership December 19th, 1931, iaoic Tarbox appointed Receiver. Our Proof of Claim filed March 2lst, 1932. Letter of December 14th, 19 38, from the Reoelver indicates that s small dividend may be paid In December 1933. Reoovery to oreditore will be very small. - - Ohio Varnish Company Cleveland, Ohio. Ten Invoices from: May 1, 19 31, to October 12, 19 31 # 913.50 - This Company went into hands of a Receiver on November 4th, 1931. Our Proof of Claim was filed Pebruary 5th, 1932, with V&. L. Cay, Reoelver. Reoect correspondence indicates that a small dividend may be expeoted soon, and that final distribution to oreditore will be exceedingly small. Assets of the Company were sold to the Chi-Sane1 Company on January 17th, 1932, for approximately #130,000.00, payable as follows: Cash Payment 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 Claims of about #400,000.00. t Carried forward - 3alance 6/5 iys # 103.75 450.39 913.50 ___________ # 1,536.53 PNYC 00012026 16 ACCOUNTS RECEIVABLE: (Continued) Customers Ledger: (Continued) Uncollectible Accounts: (Continued) Brought forward Phoenix paint and Tarnish -csnpany Philadelphia, Pa. 6/ 3/31 Invoioe OS-906 (Bal) $ 10.39 7/15/31 OS-947 217.50 Bankrupt. Proof of Claim filed February 4th, 1933, with David Werner Amram, Referee in Bankruptcy. A dividend of yft was paid on June 6th, 1933. rurther dividend* are very * unlikely. Bad Account'. Last payment Date Amount 6/ o/38 7,05 3alance 8/31/32 $ 1,538.52 227.39 ?, Z. Spenoer Canpany Hew Haven, Conn. Ten Invoice* from: June 30, 1930, to October 7, 1930#4,778.70 Less two - 5 Dividend Payment* 477.88 . Bankrupt. Claim filed with John G. Lagg, Receiver, Pebruary 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 u* and payments made promptly. 1/ 19/31 238.94 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 was operated by a Creditor's Committee for awhile, but was not successful. The physical assets were sold, by order of the Court, on July 9th, 1932. Same accounts receivable are being collected. The first and final distribution of dividend* to creditors will be made in December 1932. The amount will be small. Balanoe of the account to be written off after dividend payment is received. Willmar Paint Manufacturing Company Willmar, Minnesota. 4/ 1/27 Invoice OS- 144 8/31/27 03-1473 8/27/27 OS- 481 $ 120.50 54.00 21.00 Bankrupt. The Reoeiver reports that all assets have been disposed of, and that the total amount received will not cover preferred claims and expenses. 3ad Account. Will be charged off this year TOTAL UHC0LLSCTI3LS ACCOUNTS 174,00 19 5.50 $ , 6,436.73 I found the books and records of this department to be in good shape and the woflc well done. pnyc OOO12027