Document wrzNByMxy4QJL3yGVp5Djdd9D
P3P0RT CF ?,g>, 2. H 50T5R HEATING TC AUDIT C7 "t -'S A5AC0NDA SALES COMPANY - PAST CHICAGO, IDDIAIIA PSCS-tEER 13TH, 1930
PERIOD COVERED 3Y AUDIT:
Cash Audit General Audit
December 1st, 1928, to September 16th, 1930, inolusive Deoember 1st, 1928, to August 31st, 1930, inolusive
TIMS REQUIRED FOR AUDIT: 15 days
CASH;
Cash Booh Balanoe - September 16th, 1930 (9:30 a. m.)
Cash on Hand
- September 16th, 1930 (9:30 a. m.)
Cheoks:
9/12/30 - Capital Paint and Vamiah Works
9/10/30 B. H, Tile Company
9/12/30 - Elkay Paint Company
9/ 8/30 - Eastern Varnish Works
9/10/30 - Lion Varnish Company
9/12/30 - Mutual Paint Company
9/10/30 - The Millard Heath Company
9/12/30 - Rational Varnish Company
9/10/30 - Rational Lead Company
9/10/30 - Premier Oil and Lead Works
9/12/30 - Porter Paint Company
9/12/30 - Puritan Pharmaoentical Company
9/ 9/30 - Andrew H. Hastings
510,,00 91,,14 19,.38
133.,19 66,,82
125,,00
13,.75 86,.32 488,,81 245,,00 91,.14 52,.31 79,.44
Cheoks listed above were deposited In bank - September 16th, 1930,
} 2,002.30
TRAPS ACCEPTANCES RECEIVABLE:
On hand - September 16th, 1930:
Frederick O'Brien Varnish Company
Los Angeles, California
7/15/30
Due 9/28/30
*46.23
$ 46.23 Paid 10/3/30
? S. Spenser Company
Hew Haven, Conneotiout
6/24/30
Due 9/24/30
6/27/30
9/27/30
7/ 9/30
10/ 9/30
7/12/30
10/12/30
7/24/30
10/25/30
8/12/30
11/12/30
$625.61 700.99
467.33 417.08
467.33 467.33
3,145.67(1)
la hands of First Calumet Trust and Savings Bank, East Chicago, Indiana, for collection;
F, E. Spenoer Company
6/18/30
Due 9/18/30
(Payment refused - September 19th, 1930.)
|700.99(1)
Standard Paint < Lead Company
8/26/30
Due 9/17/30
(Paid September 13th, 1930*
300.00
Add: Trade Aooeptanoes paid during period September 1st, to 16th, 1930, inolusive
Erohange charges
Amount oarried forward
1,000*99
$2,075.60 2.,Z1
$ 4,192.39
2,077,81 * 6,270.70
PNYC 00012042
TRADE ACCEPTANCES RECEIVABLE : (Continued) Amount brought fcrwar'
,27C.7C
Deduct: Trade Acceptance of ?. 2. Spencer Company dated August 12th, 1930, taken to account lr. September 3Cth, 1930
Ledger Balance - August 31st, 1930
(l)Charged baok to Customers Ledger aoeount in September, 1930. Company bankrupt. See oonments under Aooounts Receivable.
467,33 5,803.37
BOOKS AND RECORDS CHECKED:
CABH BOOK: -
Footings Deposit slips to oash book, monthly
totals to reports made to Sew York offioe and bank statements Postings to general ledger Postings to customers ledger
Deoeraber 1st, 1928, to September 16th, 1930, inclusive
Deoember 1st, 1928, to September 16th, 1930, inclusive Deoember 1st, 1928, to August 31st, 1930, inclusive August, 1930
RECAPITULATION CF CASH BOOK - DECEMBER 1ST, 1923, TO AUGUST 31ST, 1930, INCLUSIVE:
Ledger Balance - December 1st, 1928
4 None
RECEIPTS:
Customers Ledger Aooounts: Anaoonda-Lead Products Anaconda Zino Oxide
4530,852*96 664,545*27
1-,195,398.23
41,195,398.23
DISBURSEMENTS:
Deposits made in the First Calumet Trust Savings 3ank, 2ast Chioago, Indiana, to the credit of the Anaconda
Copper Mining Company, New York, N. Y.
1,195,398*23
Ledger Balance - August 31st, 1930
4 None
JOURNAL:
Examined Journal entries and oheoked same to Journal
Postings to general ledger Postings to customers ledger
August and Deoember, 1929; August, 1930 January 1st, 1930, to August 31st, 1930, and tests. August, 1930
GENERAL LEDGER:
Postings from: Cash book Journal
Footings of ledger acoounts Verified, trial balanoe as of
December 1st, 1928, to August 31st, 1930, inclusive January 1st, 1930, to August 31st, 1930, and tests. Deoember 1st, 1928, to August 31st, 1930, inclusive August 31st, 1930
PNYC 00012043
3
BCCrIS A5D RECORDS CrlSCXSD: (Continued)
CTSTCMZRS ISGSR:
Postings from: Cash 'bool: Sales reoords: Anaconda lead produots Anaconda Zinc Oxide journal
Footings of ledger acoounts Verified trial balance as of Mailed statements of acoounts bearing
auditor's stamp to customers
August, 1930
August and December, 1929; August, 1930 August and December, 1929; August, 1930 August, 1930 December 1st, 1923, to August 31st, 1930,. inclusive August 31st, 1930
September 30th, 1930
SAL3S RECORDS:
Anaconda Lead Produots:
Invoices to record Footings of reoord Totals to journal entries Postings to customers ledger
Anaconda Zino Oxide:
InToioes to record Footings of reoord Totals to Journal entries Postings to customers ledger
August and Deoember, 1929; August, 1930 August and Deoember, 1929; August, 1930. December 1st, 1928, to August 31st, 1930, inclusive August and December, 1929; August, 1930
August and December, 1929; August, 1930 August and Deoember, 1929; August, 1930 Deoember 1st, 1928, to August 31st, 1930, inclusive August and Deoember, 1929; August, 1930
CREDIT M1M0RAJTDUM3:
Examined credit memorandums Postings to sales records
December 1st, 1928, to August 31st, 1930, inclusive August and Deoember, 1929; August, 1930
.AGERCY STOCK R3C0RDS:
White Lead:
Sales made through the Anaconda Sales Company from Agency Stocks
Zino Oxide:
Sales made through the Anaoonda Sales Company from Agency Stocks
August, 1930 August, 1930
GBEERAI LEDGER TRIAL 5ALA5CB - AUGUST 31ST, 1930
DR. CR.
White Lead Purchased
Zino Oxide Purchased White Leal Sales Zino Oxide Sales Aooounts Receivable Trade Aooeptanoes Receivable Aooounts Payable
Few York Offioe
$197,469.08 255,589.20
63,820.73 5,803.37
_____________
$
197,469.08 255,589.20
85.29 69,533.31
$522,682.38 , $522,682.38
PNYC 00012044
4
CUSTOMERS LEDGER TRIAL BALANCE - AVOVST 31ST. 1930.
C. Athey ?alnt Corr.pany Arensto Paint Manufacturing Company
Avalon Paint Company Accurate Insulate! 7,'ire Company
Arto Manufacturing Company Anglo-American 7arnish Company Anaoonda .lire 4 Cable Company Atwater Paint Company Associated Paint Company Aroo Company of California Chas. H. Brown Paint Company J. A. Bauer Potter Company J, 2. Bauer' Company L, H, Butoher 4 Company Burke Morris Paint Company Reuben Berman Bright Ellsworth Company*. Baudar Paint Company Baltimore Coppar Paint Company * Frank Bowers Company Clements Coverall Company Colonial Works Capital Paint 4 Tarnish Company Central Paint 4 Tarnish Company Cook Paint 4 Tarnish Company Cartainteed Products Company^ Carroll, Dunham, Smith Pharm&oy Company
Columbia Mills, Ino. California Ink Company of flew York Cook 4 Dunn Paint Company Cook China Company Capital Paint Manufacturing Company H, 0. Canfield Company Carnation Company Carbon Products Company Devos 4 Reynolds Company
Drew 4 Ernst Doidge Koran Paint Company " J. I. Dupont Da Nemours Company Devoa 4 Raynolds Company D. 4. M. Tile Company 9 Donovan Produots Company Eclipse Nhite Lead 4 Oil Company Eastern Tarnish Works Everaeal Manufacturing Company Sljer California Company Elkay Paint Company -
Fraser Paint Company Felton, Sibley 4 Company Samuel H. French 4 Company * French Wolf Paint Company Puller, Clarkson Company Fieth Brother* * Garland 4 Company
Clidden Company Craseelli Chemloal Company Goheen Corporation Greenpoint Paint 4 Tarnish Company
General Sleotrlo Company General Paint Corporation Hampden Paint 4 Chemical Company
Haaline Brothers Chas. H. Howell 4 Company A, C. Horn 4 Company Hill, Hentsohell Company Hanooek Paint 4 Tarnish Company i Hydro Carbon Chemioal Company* -
Hollt Paint Company
Hasoo Produots Company *
Amounts oarried forward
DR.
$ 135.00 $ 525.00 200.20 90.00 90.00 77.81
1,007.25 45.50 46.50 93.75
145.58 93.00 70.00
489.23 49.50
138.12 3.38
100.35 1,812.50
63.75 883.75 1.530.00 297.76
90.00 78.00 22.50 53.44
171.38 51.00 8.93
525.00 17.81 5.44
2.751.75 372.00 46.50
1.332.75 283.50 93.00 139.50 135.00 , 226.50
419.50 65 ,88
1.170.00 279.00 231,25 135.00 139.50 17.81 232.50 223.50 105.39 232.50 46.50 570.50 372.00 232.50 230.50 105.00 325.00 50.44 358,02 200.00 105.00 43.35
$ 20,484.62
CR. 46.50 .47 1.00
47.97
PNYC 00012045
CUSTOMERS LZDC5?, TRIAL SAIANC5 - AT'O'TST 315T, 1930: (Continued! DR.
Amounts brought forward
| 20,484.63 |
47.57
H. K. Hollinghead Company
Isenburg Paint 4 Suppiy Company *
India Lao^uer Company *
Jones, Dabney Varnish Company Jarvaise Perfumer a
.Vm. A. Juergens 4 Company
Keystone Refining Company
Keystone Varnish Company
Kushule, Ino.
Geo. I. Kelley, Ino.
Keatuoky Color 4 Chemloal Company K. 4. M.' Pottery Company
Louisville Paint Manufacturing Company
Laclede Paint Manufacturing Company
Lawson, Eberson Paint Company Scott L. Libby Company
Chas. 2. Long, Jr., Company
Lion Varnish Company
John Luoas Company
Lahman Brothers Loco Manufacturing Company
Mathew Paint Company
Millard Heath Company Mutual Paint Company
Missouri Valley Paint Company
Mountain Varnish 4 Color Company
Midland Paint 4 Varnish Company
Monroe, Lederer 4 Taussig
Pan. ?. Maher 4 Company
Major Victor Company Martin*a Laboratories
Motor Transportation Company
McKesson, Robbins Company MOKesson, Gibson, Snow
MoKeason, Langley, 4 Miohaels
MoKesson Wholesale Drug Company
McKesson, Merrill, St. Louis Drug Company
Norfolk Paint 4 Varnish Company
National Varnish Company
North Amerioan Paint 4 Chemical Company
North Jersey Paint Company
Norwich Pharmaoentioal Company
National Lead Company
Ohio Varnish Company Oakley Paint Manufacturing Company
Obrien Varnish Works
Phelan Paust Paint Company
Porter Paint Company Progress Paint Kamfaoturing Company
Paoifio System Homes
Puritan pharmaoentioal Company
Phalt* 4 Bauer Company Paulian Drug 4 Chemical Company
Prootor 4 Gamble Company P&yson Varnish Company
Premier Oil 4 Lead Works
Phoenix Paint 4 Varnish Company
Pittsburg Plate Glass Company Pontiac Paint Monufaoturing Company
Quaker City Rubber Company
Sex Paint Company
Rower. Beine Paint Company Rinesned, Mason Company Realty Paint Company T, J. Honan Company
Hex Vale Paint Company
St. Louds Surfaoer 4 Paint Company Sherwin-Williams Company
Amounts carried forward
40.50 130.50
99.00 186.CO
22.00 373.00
35.63 1,037,2b
311.35 35.63
1,255.50 186.00 232.50 138.05 17,81 21.00 232.30 67.50
1,300,00 138.38 240.63
13.75 756.13
20.25 174.37 186.00 162.30 700.00
46.50 186.00
31.13 67.50 27.00 27.00 13.50 13.50 7,552.76 174.30 366.00
192.50 493.75 5,287.50 139.50
46.50 604.50
93.00 46.50 232.50 52.31 84.00 29.63 17.44 348.76 245.00 465.00 202.50 139.50 650.00 139.50 279.00
158.00 187.50
32.63
25.00 10.00
2.32
4 47,566.16 $
85.29
PNYC 00012046
C73` 7ZRS LZDGZR T3IAI lALANCS
Amounts 'brought
Standard Paint Vanufac turi ng Conpany Stewart Paint Manufacturing Company J. J. Sullivan Standard Paint Company Standard Varnish Vorks Sterling Falnt Company Sillers Paint i Vamish Company Speed-C-Lao Produots Company David Salkiiad Standard Oil Company of New York Smith Chemical Color Conpany ?, 2 Spencer Company Standard Class Paint Company 3* Prank Shinn Company John H. Shearman ompany Seidlitz Paint Varnish Company Thompson, Hayward Chemical Company Texas Printing Ink Company Thompson Wood Finishing Company H. B. Tibbetts Paint Company A. H. Thomas Paint Company Thomas River Line Toledo Indiana Paint Company Timeproof Paint Produots Company Vane, Calvert Paint Company Varoraft Works, Inc. Vernon Potteries Vadseo Sales Company Vansul, Ino. Geo, S. Viall & Sons White Company Wadsworth-Howland Company Waterproof Paint Vamish Company Whitaker, Clark 4 Daniels West Paint Varnish Company Window Shade Produots Company Wilmar Paint Company Yates, Kullett Paint Company Zenith Paint Varnish Company
orward
Total
313T, 1930 (Continued.) DR.
$ 47,566.16 $
35,29
431.24 1,222.58
93.00 46.50
1,022.00 46.50
979.00
113.13 114.00
2,600.00 108.75 930.00 35.00 53,44
766.25 17,81 91.13 35.63
354.57
70.00
105.00 220.70 186.00 .35.00
230.00
1,115,40
279.00 405.00 2,054.70 619.48
260.00 88.13
232.50 171.88
650.00 93.00
229.25 46.50
102.50
____________
* 63,820.73 |
85.29
ACCOUNTS RBCEIYJLBU:
The following aooounta receivable, appearing on the books as of August 31st, 1930, were past due
and remained unpaid at December 10th, 1930:
Last Payment
Balanoe
Customers Ledger:
Date
Amount
8/31/30
Iralon Paint Corporation
Los JLngal.., California
12/E4/2B
Inrolo. 0S26O4
1/ 8/29
0S2656
1/14/29
0S2689
$ 26.45 106.25 67.50
9/30/29 $ 100.09
$ 200,20
Affairs of this oo cap any were assigned to a oreditors oommittee January 30th, 1929. Payment of 25^ of acoount, $100.09 was made June 26th, 1930, and;25, $100.09 September 30th, 1929, Hr. A. J. Lynch, & member of the oommittee, advised October 23rd, 1930, that it was doubtful if any further payments
would be made.
P/VVC 00012047
7
ACCOUNTS R3CSI7A3LS; (Continued)
Cugtoraera ledger: (Continued)
C! .arlea H. Brown ?aint Co.npar.y
Brooklyn, New York
6/21/28
Invoioe CS1541
7/ 7/28
1632
7/13/28
1645
7/21/28
1709
8/ 2/28
2371
9/ 1/23
Interest
7/25/28
Protest Fee
8/13/28
Protest Fee
9/29/28
Protest Fee
3/19/29
Protest Fee
Additional Charges: 9/22/30
10/16/30 10/17/30 10/23/30
11/ 5/30 11/ 5/30 11/22/30
0S1556 1710 1210 1755
1330 1284 1913
$ 34.93) 20.25) 31.37) 20.25 9.00 21.94 1,05 2.46 2.53 1.25
$243.13 233.75 93.00 62.50 62.50 93.00 1.35
Last Payment
Safe
Amount
9/17/30 9/22/30
36.68 36.68
11/29/30
93.15
11/29/30
1.35
This customer has been slow pay over a long period of time,
and nothing in their reoord appears to Justify sales to them on a oredit basis. On Bovember 10th, 1930, their oheok for $243.13, dated October 27th, 1930, was returned by the bank aoeount of "Insuffioient funds.* An attempt
to oollaot through R. G. Dun A Company has not met with much suocess.
L. H. Butoher Company
Los Angeles, California
8/13/30
Invoice 0S1300
>205.79
Covers aooount of the Western Paint & Color Company of Los Angeles charged to Butoher Company, as credit risk was assumed by that company.
Cook China Company
Trenton, N. J.
9/13/28
Invoioe
8/ 1/29
2736 Interest
$ 51.00 2.70
Bankrupt. Receiver appointed August 13th, 1929. Claim filed Ootober 15th, 1929. Receiver's letter of September 16th, 1930 advised that the general creditors of this oompany will reoeive nothing*
Drews & Ernest Philadelphia, 5/13/30 6/ 5/30
6/27/30 3/11/30
Pennsylvania
Invoioe
561
710
820
979
$ 93.00) 93.00)
93.00 93.00
11/14/30
186,00
Additional Charge a: 9/ 2/30
10/13/30 11/12/30
1060 1210 1304
| 93.00 93.00 93.00
This oompany has always been slow pay. They have promised to pay all past due items as soon as possible*
Balazce 3/31/30 $ 145.58
205.79 53.70
372.00
PNYC 00012048
(Continued)
us toners ledger: (Cor.t ir.uedj
Donovan Products Company
Roohester. New York
6/16/30
Invoice
7/ 7/30
6/30/30
771 345 .036
Chronic alow pay.
V 45.50 46.50 46.50
last .-aymer.t
OaTe
Ansuat
10/ 6/30 11/10/30
46,50 46.50
Bolipse White Lead Color Company
Brooklyn, New York
8/21/30
Invoice 0S1365
$135.00
Additional Charges: 9/27/30
11/15/30
1537 1899
$135.00 202.50
This ooopany'has a long record for slow pay. Payment of August 25th, 1930, covered our invoioe of May 16th, 1930.
8/25/30
202.50
Frazer Paint Company
Detro i t, .'.fiohigan
8/ 4/30
Invoioe
8/ 5/30
8/18/30
8/28/30
949 954 1007 1039
$315.00 225.00 360.00 270.00
9/20/30 Disoount
567.86 11,59
Additional Charges: 9/11/30
10/ 8/30 10/23/30 11/13/30
1108 1187 1244 1324
$225.00 135.00 135.00
135.00
Disoount allowed not in order as terms are "2 10th Prox.* No response to Mr. Stolte's letters of lovember 12th, and. Deoeraber 4th, 1930, oalling attention to past due items* Have always been slow pay*
Fuller-Clarkson, Inc.
Berkeley, California
5/26/30
Invoice
7/11/30
8/25/30
668 899 1031
$ 46,50 46.50 46.50
Small ooneero reorganized out of Fuller-Waterson Company whloh failed. Collections are being made through A. J* Lynch Company, our agents in San Franeisoo. Balance considered oolleotlble.
10/ 8/30 11/24/30
46.50 46.50
Hydro-Carbon Chemical Company
Newark, 5. J,
5/ 8/28
Invoioe 1292
Balance $200,00
3/ 8/28
122.50
Bankrupt January 30th, 1929, Proofof olaia filed May 20th, 1929. First and final dividend $38.58 received Ootober 17th, 1930. Balance of $161.42 oharged to Anaoonda Zino Oxide Department* reserve for Bad Debts in Ootober, 1930
accounts.
Isenberg Paint Supply Company
Detroit. Miohigan
5/24/io
Ib t o Ic .
#130.50
, 12/9/30
Also does business as the Motor City Paint & Varnish Works. No results from effort t,b oolleot through R. G, Dun 4 Company.
Mr. Isenberg's letter of November 20th, 1930, promises to pay as Boon as possible.
30.50
Balance S/31 '30 $ 139.50
135.CO
1,170.00
139.50
200.00 130.50
PNYC 00012049
9
ACCOUNTS HSC3ITABIB: (Continued)
Customers ledger: (Continued)
Last Payment
Bate
Xnount
La Pompadour, Ino.
Minneapolis, Minnesota
10/ 7/29
Invoice 4431
$ 27.50
8/ 2/30
5.50
Balance due from Jarvaise Perfumer, Ino. aooount assumed by the La. pompadour Ino. To date a total of y33.C0 has been paid on the original claim for *55.00.
u A. Juergena Company
Toledo, Ohio
5/28/30
Invoice
6/18/30
7/17/30
8/ 7/30
667
776
382 957
$ 93.00 93.00 93.00 93.00
9/29/30
93.00
Very slow. Does not respond to letters asking for payment. . Salesman oalling on this oonoern reports they are having difficulty collecting their own aooounts.
Keystone Tarnish Company
srooklyn, New York
3/ 3/30
Invoice
3/25/30
3/31/30
4/28/30
5/12/30
5/19/30
6/ 3/30
6/24/30
8/ 2/30
314 461 439
685
774 816
886 1036 1255
$ 86.44)
9/22/30
86.44)
86.44)
172.88) By notes
86.44) (See below)
172.88)
172.88)
36.44)
66.44
233.99 716.85
Additional Charges:
9/ 4/30
-
1445
86.44
Botea raoeired In aettlenant of ator. InTolo.a:
9/26/30
Due 10/21/30
$200.00
9/26/30
10/31/30
200.00
9/26/30
11/12/30
200.00
9/26/30
11/23/30
116.85
10/23/30 11/ 3/30 11/14/30 11/22/30
200.00
200.00 200.00 116.85
No response to request of November 12th., 1930, for payment Of past due invoices. Considered good.
Midland Paint 4 Tarnish Company
Cleveland,. Ohio
5/21/30
Iaroloe 616
5/28/30
658
6/28/30
810
8/21/30
1013
$ 46.50 46.50
45.50 46.50
10/23/30 11/13/30
46.50 46.50
No response to letter of November 12th, 1930, requesting payment of all past due items. Considered good in time.
Borfollc Paint 4 Tarnish Company
Norfolk Downa , Massachusetts
Cartage Charges:
3/ 7/30
Invoioe 362
5/ 1/30
473
5/ 9/30
553
5/ 1/30
694
5/ 9/30
775
5/15/30
596
4/ 8/30
544
5/16/30
808
5/16/30
$95
5/27/30
654
5/27/30
864
6/ 3/30
399
6/ 3/30
695
$ 34.50 424.30 232.50 178.80
334.13 322.50 323.50 410.46 409.31 266.20 322.50 223.50 483.75 178.80
9/ 2/30 9/17/30 11/ 3/30 11/22/30 12/ 4/30
2,000.00 1,001.55 2,167.56 1,299.30 1,000.00
Amounts carried forward
4,146.75
Balance 3/31/30 * 22.00
372.00 1,037.28
7,552.76
$7,552.76
000^0&0
ACCOCKTS
(Continued)
Customers ledger: {Continued) Norfolk ?ai.nt 1 7arr.i 3h C orrary; (Continued)
La. DaTe~
tat
Aroun ts brought for.vard $4,146.75
5/10/30 5/19/30
6/19/30 6/27/30 7/ 8/30
7/ 8/30 7/17/30 7/17/30 7/28/30 3/- 8/30
8/ 6/30 8/20/30 3/20/30 8/26/30
8/31/30
Invoice
Credit Memo Credit Memo
963 1012
791 326
353 1114 1166
390 1236 1237
969 1367
1019
35 56
322.50
409.31 178.60
39.40 180.00 325.00
325,00 225,00 337,50
337,50 180.00 325.00 225.00
45.00
9.00
Additional Charges: 9/ 3/30 9/ 3/30 9/11/30 9/11/30 9/2 6/30 9/29/30 9/29/30
10/16/30 10/16/30 10/27/30 11/13/30
1437 1067
1482 1089 1574 1595 1153 1721 1218 1772
1384
$ 325.00 270.00 487.50 225.00 412.18 325,00 225.00 325.00
225.00 325.00 412.18
Chroni slow pay, but aooount is considered good.
Ohio Varnish Company
Cleveland, Ohio
4/21/30
Invoice
4/22/30
4/24/30
4/25/30
5/ 7/30
5/ 8/30
5/12/30
5/23/30
6/ 2/30
6/ 4/30
6/ 6/30
6/17/30
7/10/30
7/18/30
7/21/30
8/ 1/30
411 419 435 451 540 547
548 626 681
698 714 779 671
905
906 941
$ 247.50) 297,00) 232.50) 232.50) 465.00)
465.00) 697.50) 232.50) 465.00 465.00 465.00 465.00 139,50 139.50 139.50 139.50
Additional Charg.s: 9/ 5/30 9/ 8/30 9/17/30
10/14/30
1066 1072
1107 1214
| 93,00 139.50 139.50 93.00
This company has been ohxonio slow pay. They claim to he having a hard time making -their own collections. Mj. Stolte is beeping in touoh with this aooount through
Mr. L. G. Eunoan of the Akron office.
9/ 6/30
9/ 5/30 11/17/30 11/17/30 11/17/30 11/17/30
1,009.50 1,660.00
Lai arcs 2/31/3 C ;7,552.76
5,267.50
pMYC 00012051
(Costinued)
stcmers ledger: (Continued)
Realty Paint Company
Tlae> se. .t Rutherfo~r4d, Pew .'ersey
7/ 7/3C
Irjvc ice
354
7/24/30
921
7/24/30
1211
Additional Charges: 9/11/30 9/11/30
1092 1476
4 46.50 45.5C 65.CO
9 46,50 337.50
last Payment
Date
Amount
7/24/30 9 207.50
Sales to this company discontinued until past due items are paid* Acoount is very slow, and somewhat doubtful
Rix-Vale Paint Company
St. Joseph, Missouri
7/25/30
Invoice
1215
$ 32.63
Pays no attention to letters requesting payment. Con sidered oollectible.
Standard Paint Manufacturing Company
Minneapolis, Minnesota
8/16/27
Invoice 1424P
8/23/27
1443
9/ 6/27
1481
10/ 4/27
1605
10/24/27
1627
12/27/27
1747
8/23/27
465
9/20/27
576
11/28/27
730
9/ 1/29 . Interest
$ 8.00 54.00 54.00 54.00 54.00 51.00 67.50 67,50 17,81
3.43
Bankrupt. Receivers notioe dated Deoember 8th, 1930, states final hearing for purpose of declaring final dividend will be held in Minneapolis Deoeober 23rd, 1930. Statement in dicates that there will be very little to distribute to the
creditors.
David S&lkind
Philadelphia, Pennsylvania
8/12/30
Invoice
997
8/12/30
1323
* 46.50 67.50
Very slow. 3o reajpon9e to past due notioes and letters. Considered oolleotible.
7. E. Spencer Company
Rew Haven, Conneotiout
8/12/30
Invoioe
8/28/30
980 1037
| 465,00(1) 465,00
(l)Trade Aooeptanoe received to cover.
Additional Charges:
9/11/30
1088
9/30/30
Protest Fee
$ 465,00 2.04
John G, Legg appointed Receiver for this oompany, September 29th, 1930. Creditors claims are to be filed before January 30th. 1931. The Anaoonda Sales Company's olaim will cover the following items:
Unpaid Invoioes: 8/28/30
9/30/30 Protest Fee Trade Aooeptanoes charged back to Cus
tomers account, as detailed under "Trade Aooeptanoes Receivable." Interest charges
465.00 465.00
2.04
3,646.66 62,63
Total
$4,841.33
Present status of olaim not known.
Balance 3/31/30 9 153.CO
32.63 431.24
114.00 930.00
PNYC 00012052
12
ACCOUNTS 33C5I7ABLSt (Continued)
Customers Ledger: (Continued)
George I, Viall i Son
Roohester, Rew York
7/11/29
Invoice
8/27/30
3735? 1032
$479,98 139.50
This oompany has teen very slow. They expect to secure a loan on some real estate owned by them
and have promised payment early in December. To. date this has not materialized.
Rillmar Paint Manufacturing Company
R Ulnar, Minnesota
4/21/27
Invoioe
144
8/31/27
1473
.8/27/27
481
8/12/30 -
1311
$120.50
54.00 21.00 33.75
Old aocount is long past due. Reduction of $4.50 in March 1930 due to overpayment of invoice covering C. o. D, delivery. Pays no attention to demands for payment. Aooount looks bad.
Holdt Paint Company
Orange, R. J.
3/27/39
Invoioe
3302
$105.00
Bankrupt. Letter of October 20th, 1930 from Herrigel. Lindabury, and Herrigel, Attorney's for the Receiver states that the entire bulk of the estate was used in paying preferred oreditors. looounts charged to Anaoonda Zlno Oxide Departments "Reserve for Bad Debts" in October; 1930 accounts.
Thames River Line
Sew York, IT. Y.
5/ 7/30
Invoioe
686
12.80
Balance due on claim for material lost in transit
Motor Transportation Company
Bridgeport, Connecticut
8/14/29
Invoice 4032
$ 51.13
Covers claim for damage to shipment of Zino Oxide.
Stewart Paint Manufaoturing Company
Minneapolis, Minnesota
2/ 7/30
Invoice
122
2/10/30
140
2/21/30
268
$ 98.10) 98.10)
35.40)
3/ 5/30 3/10/30 3/24/30
4/ 1/30
211 361 453
492
98.10) 31.66) 38.50)
53.10)
5/ 6/30 5/12/30 5/16/30 5/23/30
5/29/30 6/ 4/30 6/ 4/30 6/ 6/30
514 545 793 885 6`65 906
703 718
92.10) 92.10) 17.70) 143.50 92.10 10.55 92.10 92.10
Amounts carried forward
$1,135.21
Last Payment
PaFe
Amount
8/25/30 9/15/30
$ 300.00 139.50
Balance 5/31/30
$ 619.48
3/11/30 9/11/30
4,50 33.75
229.25
105.00
12.80
31.13
9/18/30 10/13/30
231.60 271.36
1,222.58
11/17/30
201.90
vl ,22258
PNYC 00012053
13
ACCOUNTS PJCSI7ABIS: (Continued)
Customers ledger: (Continued) Stewart Paint llanufaoturing Company: (Continued)
last Payment
DaTe
Smount
Amounts brought forward $1,135.21
7/14/30
Invoioe C 51
10.00
3/13/30
989
46.05
8/19/30
1347
*
5.27
8/23/30
1023
46 05
A44itlon&l Chaxgss: 9/10/30
10/15/30 11/17/30 11/25/30
1076 1697
1322
1344
$ 92.10 15*83 92.10
138.15
Ur. Stolte's letters of 3/13/30 and 11/12/30 and monthly statements are the only actions taken to oolleot past due ItemB in the last three months. This aooount has
been reduced materially sinoe the first of the year, and Ur* Stolte says for this reason he has refrained from pushing this oustomer too hard. I feel that all past due items should be followed up, with no exoeptions.
$
Balance 5/31/30
$ 1,222.53
RttURgS:
OFFICE WORK:
The worn in this office oould be reduced If an arrangement oould be effeoted whereby the Anaconda Sales Company would handle all sales of Zinc Oxide and TThite lead, instead of being restricted to agenoy stock sales* This would permit the consolidation of oash books, sales reoords, etc., and reduce the inwoioes and oredlt memorandums to one series* Customers aooountB would be carried in one ledger, instead of three, under the present arrangement. This feature would be a big help In following aoeounta for oredit purposes*
The work on the books and reoords does not present a neat appearanoe, and Indioates laok of atten tion to small bookkeeping detail.
PNYC 0120S4
