Extracted text

OCR Page 1 of 3
"UNDERK GENERAL OFFICES NEW YORK MINES, COLORADO AND UTAH RADIUM LUMINOUS MATERIAL CORPORATION 154 ALDEN STREET, ORANGE, N.J. APPLICATION PLANT C 33 April 6, 1921. AUTUU LUMINOUS Radium Luminous Material Corp. WATERIAL CORP. 58 Pine Street, New York, N.Y. Attn. Mr. A.N.Roeder. Dear Mr. Roeder: In reference to your memo of March 28th, answer to my letter of March 22nd, I did not receive any budget for 1921 and I frankly admit that I can not conceive how business can be conducted with- out preliminary outlay at least, which, if elaborated, I would expect naturally to have on hand. The situation is a rather queer one, since 1. General conditions this year require more caution. 2. Our experience is broader now. 3. Your tentative sales programs have been compiled previously rather promptly (such for 1920 on January 17, 1920. Up to date I have not been notified when your sales program and budget, necessary for elaboration of Mines and Extraction Plant production programs will be completed, nor have I been consulted in the matter. I may also bring here for your attention, that up to date I did not receive luminous material sales program completed by Mr. Dim- ick, particularly so since I had asked you three weeks ago to forward same to me for comparison with such of last year. In reference that you expected and are expecting from me an out- lay with figures arronged in some particular way of my own, I can not quite und rstand what specifically you are referring to. On many of our conferences last year and as per my memos of 12/11/20, 12/14/20, and 3/22/21, I insisted on one and the same thing, namely, that our accounting should be arranged so as to make possible, compiling of itemized monthly departmental profit and loss statements and balance sheet, in preference to form of such statements arranged under your initiative and appearing every three months, dealing with summaries only. I called your attention to the following: First, that I must have statements as per above at my disposition, to be of any benefit to the Company at all. Second, I advocated strongly that the same depart- mental profit and loss statements, possible in