Document Zn4drXqnBNBe39VG2BXoyzQ60

Qiicago Z Z Martin March 24th, 19 SO .VIS Martin Varnish Co.JinAit I have your 1st tar 'of ths 19 th adknowl edging oorxoenta ro^irling the l3t audit of ths Martin Varnish Co. Ssferring to the previous audits, you '.till raoollact that the writer explained to yon whan laat in Chicago that *va did not consider either of theee audits had been male correctly as cnv m* on the basis of gallons -mi ths othsr a poorling to units, '*srots ths surplus that had been earned was on the basis of dollars nn-1 cents. * i This surplus, as I explained In ny letter of the Sth, nai aaounul itsd as ths rse-.ilt of ovarcharge in oosts of raw materials, also department burden, general burden and package additions and Is on the basis nf ths final''trading and profit statement male up in the Chicago office for the Varnish Company. By going over these final at-<te,manta for last year you-will find ths1 .figures I ;jRve you in '.sy letter of the Sth were tki from the surplus for overcharge In costs ond It Is according to the proportion of the amount of the deliveries under the various caption? that the overcharge has been distributed on n dollars and cents basis. 7a have had these figures very earaffally cheakod and redheckad by three different auditors as we are anxious that they should b* correct ymd fool odnfllent you will find that the analysis we have male nukes a proper distribution of this surplus or over charge in oosts. I will be very glal indeed, however, to go over the figures further with you on your return to Chicago, and will ap preciate it if you will lot me know -Then you ready tc take'the matter \ip. I am ;lai to know that you are enjoying n good rest and hove also been pleased to learn of the good work that San Loner has boon doin? on the Coast, and hope you will meet with good luck on your trip through Texas. * With my vary kindest reg&rie, 1 remain , Tours 7ary truly, HWLSE Tips President. i N25234