Museado / NARA Collection slc — Collection slc
Recent Folios
Login Register
English español (Spanish) magyar (Hungarian) हिन्दी (Hindi)

Survos folio page chat

Report, December 31, 1930

Ask the Scholar

Page 4 of 4
I can add historical knowledge about this page.

Page image

Page 4

OCR

REPORT United States Radium Corporation December 31, 1930 OFFICERS HERMANN C. SCHWAB Chairman CLARENCE B. LEE President, Treasurer HOWARD H. BARKER Vice-President THOMAS R. STRAHAN Secretary DIRECTORS HOWARD H. BARKER ALLEN W. EVARTS JOSEPH W. BURDEN CLARENCE B. LEE DEAN S. EDMONDS HERMANN C. SCHWAB UNITED STATES RADIUM CORPORATION BALANCE SHEET AS AT DECEMBER 31, 1930 ASSETS Cash in Banks and On Hand $ 35,321.77 Investments 332,118.76 Notes, Accounts and Other Receiv- ables (Less Reserves) 25,512.23 Inventory 54,764.94 Total Current Assets $447,717.70 Deferred Charges 2,710.18 Land, Buildings and Equipment $118,788.65 Less Reserve for Depreciation 70,498.59 48,290.06 Good Will, Patents, etc. 200,000.00 $698,717.94 LIABILITIES Accounts Payable $ 8,523.72 Dividend Payable Jan. 2, 1931 13,475.00 Reserve for Taxes, etc. 5,162.28 Preferred Stock $200,000.00 Common Stock 36,850.00 236,850.00 Surplus 434,706.94 $698,717.94 TO THE STOCKHOLDERS OF UNITED STATES RADIUM CORPORATION The condition of your Corporation as at the close of business December 31, 1930, is reflected in the Balance Sheet attached hereto. The business decline which became pronounced in the Fall of 1929 ex- tended throughout the year 1930, and resulted in a total volume of sales for the year of only sixty per cent of that of the preceding year. Unusual expenses, such as damage suits, annuities, idle plant, etc., not directly con- nected with operations, amounted to approximately $27,500. These expenses are included in the operating account, and the net operating result for the year was a loss of about $8,000. From present indications business will continue to be slow for the first half of 1931, but any improvement in the general situation should reflect an in- creasing volume on our part, since our sales are primarily dependent on the volume of activity of the large watch, clock and instrument manufacturers. During the year one additional suit, by a former employee, claiming per- sonal injuries, was filed against the Corporation. One suit was also settled before trial. The legal questions involved in this series of suits which have extended over a number of years have reached a point where we may reason- ably expect a definite decision during the current year, as to our future probable liability. The Accounts of the Corporation have been audited by Messrs. Peat, Marwick, Mitchell and Company, of New York City. Very truly yours, CLARENCE B. LEE, President.

Page data

Page
4
Source index
0
Type
document
Media ID
1b6dbc2a3fded4ed
Size
unknown

Document data

ID
75726041
Core
doc
Type
document
DTO data 
{
    "id": "75726041",
    "sourceUrl": "https://catalog.archives.gov/id/75726041",
    "contentType": "document",
    "title": "Report, December 31, 1930",
    "citationUrl": "https://catalog.archives.gov/id/75726041",
    "collections": [
        "Safety Light Collection",
        "Records Related to Radium Dial Painters"
    ],
    "iiifBase": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0002331_Page_1.jpg",
    "thumbnailUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0002331_Page_1.jpg",
    "largeImageUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0002331_Page_1.jpg",
    "imageCount": 4,
    "hasImages": true,
    "source": "import",
    "hasTranscription": false
}

Context sent to Scholar

Document identity 
{
    "localId": "75726041",
    "label": "Report, December 31, 1930",
    "core": "doc",
    "dtoType": "document",
    "citationUrl": "https://catalog.archives.gov/id/75726041"
}
Document source metadata 
{
    "id": "75726041",
    "sourceUrl": "https://catalog.archives.gov/id/75726041",
    "contentType": "document",
    "title": "Report, December 31, 1930",
    "citationUrl": "https://catalog.archives.gov/id/75726041",
    "collections": [
        "Safety Light Collection",
        "Records Related to Radium Dial Painters"
    ],
    "iiifBase": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0002331_Page_1.jpg",
    "thumbnailUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0002331_Page_1.jpg",
    "largeImageUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0002331_Page_1.jpg",
    "imageCount": 4,
    "hasImages": true,
    "source": "import",
    "hasTranscription": false
}
Document source extras 
{
    "url": "https://catalog.archives.gov/id/75726041",
    "naId": 75726041,
    "levelOfDescription": "fileUnit",
    "recordType": "description",
    "ocrSource": "nara-archive"
}
Page context 
{
    "seq": 4,
    "pageIndex": 0,
    "type": "document",
    "url": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0002331.pdf",
    "mediaId": "1b6dbc2a3fded4ed",
    "ocrText": "REPORT\nUnited States Radium Corporation\nDecember 31, 1930\nOFFICERS\nHERMANN C. SCHWAB\nChairman\nCLARENCE B. LEE\nPresident, Treasurer\nHOWARD H. BARKER\nVice-President\nTHOMAS R. STRAHAN\nSecretary\nDIRECTORS\nHOWARD H. BARKER ALLEN W. EVARTS\nJOSEPH W. BURDEN\nCLARENCE B. LEE\nDEAN S. EDMONDS\nHERMANN C. SCHWAB\nUNITED STATES RADIUM CORPORATION\nBALANCE SHEET AS AT DECEMBER 31, 1930\nASSETS\nCash in Banks and On Hand\n$ 35,321.77\nInvestments\n332,118.76\nNotes, Accounts and Other Receiv-\nables (Less Reserves)\n25,512.23\nInventory\n54,764.94\nTotal Current Assets\n$447,717.70\nDeferred Charges\n2,710.18\nLand, Buildings and Equipment\n$118,788.65\nLess Reserve for Depreciation\n70,498.59\n48,290.06\nGood Will, Patents, etc.\n200,000.00\n$698,717.94\nLIABILITIES\nAccounts Payable\n$ 8,523.72\nDividend Payable Jan. 2, 1931\n13,475.00\nReserve for Taxes, etc.\n5,162.28\nPreferred Stock\n$200,000.00\nCommon Stock\n36,850.00\n236,850.00\nSurplus\n434,706.94\n$698,717.94\nTO THE STOCKHOLDERS\nOF UNITED STATES RADIUM CORPORATION\nThe condition of your Corporation as at the close of business December\n31, 1930, is reflected in the Balance Sheet attached hereto.\nThe business decline which became pronounced in the Fall of 1929 ex-\ntended throughout the year 1930, and resulted in a total volume of sales for\nthe year of only sixty per cent of that of the preceding year. Unusual\nexpenses, such as damage suits, annuities, idle plant, etc., not directly con-\nnected with operations, amounted to approximately $27,500. These expenses\nare included in the operating account, and the net operating result for the\nyear was a loss of about $8,000.\nFrom present indications business will continue to be slow for the first half\nof 1931, but any improvement in the general situation should reflect an in-\ncreasing volume on our part, since our sales are primarily dependent on the\nvolume of activity of the large watch, clock and instrument manufacturers.\nDuring the year one additional suit, by a former employee, claiming per-\nsonal injuries, was filed against the Corporation. One suit was also settled\nbefore trial. The legal questions involved in this series of suits which have\nextended over a number of years have reached a point where we may reason-\nably expect a definite decision during the current year, as to our future\nprobable liability.\nThe Accounts of the Corporation have been audited by Messrs. Peat,\nMarwick, Mitchell and Company, of New York City.\nVery truly yours,\nCLARENCE B. LEE,\nPresident."
}