Ask the Scholar
Page 3 of 4
I can add historical knowledge about this page.
Page image
OCR
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
- 3
- Source index
- 0
- Type
- photo
- Media ID
- 62c7e38d2547495a
- 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": 3,
"pageIndex": 0,
"type": "photo",
"url": "https://s3.amazonaws.com/NARAprodstorage/lz/electronic-records/SLC/Radium/SLC_0002331_Page_3.jpg",
"mediaId": "62c7e38d2547495a",
"ocrText": "TO 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\n1931, 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."
}