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REPORT < Municipal Electric Light S. C., July I, 191 Commissioners of Public Works, Municipal Electric Light & Union, S. C. < lent lemon: Puisuant to instructions, I have books and records of the Municipal L the year ended June .'50, 11)17, and bej inir of the following Exhibits, Schedu EXIIIHIT "A" financial Report. EXHIBIT Prolit and Loss I EXHIBIT Surplus. SCHEDULE "1" Accounts Recei SCHEDULE "2" Accounts l'ayal SCHEDULE "3" Notes Payable. EXHIBIT "A" FU ASSETS $183,035.17: CURRENT $9,404.59? The Current Assets consist! $2,490.70; Note City of Unit hand $'4,900.00. FIXED $173,243.11? Fixed Assets consisted of I and Wagons $145.00; Office Plant during the year were Water improvements Electric Improvements Buffalo Extension DEFERRED $347.47? Deferred consisted of intere piled Insurance $*29.12. LIABILITIES $103,707.15: CURRENT $12,907.15? Current liabilities consisted Payable $12,333.00. BONDED $90,800.00? This item consisted of Bond DEPRECIAT The following amounts had been < to Profit and Loss, covering deprecia June 30, 1914 June 30, 1915 Juno 30, 1910 1 re-charged this amount to Plant serve." I also charge Profit and boss $3,000.00 for the year just closed, m on Plant $14,359.07. EXHIBIT "B" I'ROFI This Exhibit will show all debits year ended June 30, 1917. All Sup amounted to $18,1(50.81; Bad Aecounl $57.7(5; Depreciation on Plant $3,001 Loss $21,329.74. The Income from Lights, Water $34,302.29, and Supplies-General $21 The Net Prolit lor the year was $ ended June .30, 191(5, was $11,512.79 $1,(571.21, or 14.5'/c. This increase t the enormous increase in cost of all i For the month of June, 1916, ther June, 1917, 1008, an increase of 175 c This is a showing seldom found anj well for the management. EXHIBIT "< There was a balance to Surplus on charged against this account an open of Union, amounting to $12,129.02, f no prospects of the City paying the $439.12, which has been to the credit 1 have also added to the Surplus the 1917, $13,184.10, as shown by Profit < Net Surplus $64,928.35. SCHEDULE "1" shows, in detail, $2,496.76. This represents supplies, e SCHEDULE "2" shows Accounts 1 accounts open on the books as at Jun shows that accounts are paid prompt SCHEDULE "3" shows Notes Pa; which amounted to $"12,333.00. BOOKS AND RECORDS?Books ai factory manner from an accounting s books kept in proper shape. CONCLUSION?I am pleased to st satisfactory from every standpoint, this ollice for several years and have year. By referring to the books it v has been made for the past eight ye Respectful! EXHIBIT "A"?MUNICIPAL ELK( UNION, S. C. FINANCIAL I AS! r-lTPPPMT Cash Accounts Receivable?Schedule N Notes Receivable?City of Union INVENTORIES? hump Supplies Plant Supplies Supplies-General Oil, Waste, Packing, etc. Fuel FIXED? Plant Tools Team and Wagons Office Fixtures DEFERRED? Interest Insurance IJ A III CURRENT? Accounts Payable?Schedule No. . 1> I.I.. > i nyauiu gtucuuic i-**/. ? BONDED? Bonds Payable DEPRECIATION RESERVE? Plant SURPLUS? Balance Add Net Profit for year as sho1 and IiOss?Exhibit "B" EXHIBIT "B"?MUNICIPAL ELEC UNION. S. C. PROFIT ANI ENDED JU DEI Fuel - Oil, Waste, Packing, etc. Plant Supplies OF AUDIT ] I and Water Works, Union, 6, to June 30, 1917. Columbia, S. C., July 13, 1917. Water Works, made an examination of the accounts, apht & Water Works, Union, S. C., for ? to submit herewith my report consistles and Comments: I teport. vable. hie. V A NCI A L REPORT. ;d of cash $07.83; Accounts Receivable 1 >n $2,000.00; Inventories of Supplies on ] ^lant $171,580.18; Tools $771.20; Team i Fixtures $740.73. Improvements to as follows: $ 4,015.05 ] 12,261.01 140.85 $10,423.51 1 st paid in advance $318.35; and Unexof Accounts Payable $034.15; Notes ?S niltcla nJirifr amnnntin.. C'MA QUA AM ~ v ? ""'"""""h I." VJUjOUU.UU. ION RESERVE credited to Plant Account and charged tion on Plant: $ 5,339.67 3,000.00 : 3,000.00 ] $11,359.67 # Account and credited "Depreciation Rc; and credited Depreciation Reserve with aking the net Reserve lor Depreciation . T AND LOSS REPORT. i and credits to Profit and Loss for the 1 plies, Fuel and Expenses for the year Is charged olF $111.17; Note J. VV. Tutt ' ).00, making total debits to Profit and and Power, for the year amounted to 1.55. 13,184.10. The Net Profit for the year ; this year $'13,184.10, an increase of >f 14.5*70 in Net Profit notwithstanding *uel, supplies, etc., caused by the war. 1 e were 833 water and light customers; < :ustomers, or 21% in one year. i rwhere, and one that speaks exceedingly j ,. 1 C" SURPLUS. j i July 1, 1916, of $63,434.15, but I have j i account on the books against the City or the reason that there appears to be ( amount. I have transferred to Surplus ( of Sinking Fund Account for sometime. s net profit for the year ended June 30, * ind Loss, Exhibit "B." This makes the 1 Accounts Receivable amounting to j tc., sold on credit. t 'ayable, in detail. There were only two ( ie 30, 1917, amounting to $634.15. This ? ly. i /able, in detail, as at June 30, 1917, ^ nd records are kept in a generally satis- ' tandpoint. Bills are made correctly and * I .ate that conditions generally were very 1 I have been examining the books of t noticed a continuous improvement each t vill be seen that a steady improvement s ars. i ly submitted, ( C. L. VANN, ( Certified Public Accountant. ( 7TRIC LIGHT & WATER WORKS, IEPORT AS AT JUNE 30, 1917. SETS. 67 83 c [o. 1 2,496 76 i 2,000 00 f 400 00 J 400 00 2,450 00 { 150 00 1 1,500 00 f _1 t 4,900 00 1 9,464 59 . I 171.580 18 i 771 20 t 145 00 746 73 t 173,243 11 ' 318 35 * 29 12 ( I! 347 47 r $183,055 17 1 LIT IKS. c a 2 634 15 1 12,333 00 'J 12,967 15 J - 90,800 00 J - 14,359 67 , f 51,744 25 * svn bv Profit u 13,184 10 04 928 36 $183,055 17 tl TRIG LIGHT & WATER WORKS, ? ) IA)&S REPORT FOR YEAR t( NE 30, 1917. w HTS. $ 8,543 07 ir 545 50 e: 543 24 w .amp Renewals 1 Salaries and Wages nterest and Discount j. nsurance LXPENSE ACCOUNT? Stationery, Printing and Advi. Freight and Express Telephone and Telegraph Traveling Expense \ Rent \? Auditing Bond Water Analysis Insurance Commission Legal 3ad Accounts?Charged Off Notes?J. W. Tutt Depreciation on Plant Net Profit for year transferred to Sui CRE Lights Water Power. Supplies-General EXHIBIT "C"?SURPLUS Balance due 7-1-16 ' Deduct City of Union Account Charge Plus Sinking Fund Account Add Net Profit for year from Praftt ar I SCHpD! Accounts Receivable June 30, 1917 Les Credits schIbdi Accounts Payable June 30, 1917V Stonega Coke & Coal Co. L__ Perry-Mann Electric Co. I SCHfcD Notes Payable June 30, 1917? Merchants & Planters Bank V_. Citizens National Bank Jl._. Citizens National Bank S... Citizens National Bank V-Harrisburg Foundry & M. Work -LL-C. H. Wheeler & Co. J._. I ?b* A SUGGESTION. Mrs. C. E. Storm, chairman of Ae ways and means committee of the tibial Red Cross chapter, asked in list week's Times for suggestions for mAkng money to swell the fund for tlhe Red Cross work. I should like lio nake a suggestion and hope Mite. Storm will get a ready response. liv;ry woman (almost) in the countyws canning, preserving, drying, picjdiif* jverything she can lay htr horiWr-oFi ind the pantries throughout the county are stuffed full of these goodies, [f every one of these good women would donate one?just one jar of jreserves, jelly, fruit or vegetables to die Red Cross?a sale of these arti:les would bring in a deal of money ind there are people right in the town if Union who have not had the time ;o can and preserve who would be deighted to buy these products. I *m tending Mrs. Storm a jar of delicious leach preserves to start the ball ruling and I certinly hope by next w<ek diat she will have hundreds of others o add to the supply. This is a gOod scheme, I think, and hope Mrs. Storm ng and I certainly hope by next w iek >ver. All of us want to down the I-on Cross and the best way the women an io mis is to work tor the Ked Cjr*ss. J. G. I. GERMANY FOR DEMOCRACY' Copenhagen, Aug. 7.?The dejno ratic movement in Germany which eformers were sure was petting auch splendid start in the recent reich^tag ;risis now seems to be slipping backyards. The liberal and radical news)apers in Germany generally interpret he selection of Dr. Michaelis, the hancellor, of his colleagues as a disinct rejection of the principle of pariamentarism or parliamentary influ>nce upon admisinstration. The Socialist organ Vorwaerts anlounces that the cabinet menrfbers Spahn, Krause and Mueller, enter the government as individuals, not as pary representatives. Therefore the paiy assumes no responsibility therefor, >ut retains completely a free hand tovard the government. Herr Mueller mrticularly has long had no active onnection with the Socialist party md has a purely administrative non>ol it.ical po?t. The Vorwaerts declares that the >resent government must be the last tf its kind and must be supplanted by i government of the people. Dr. ditchaelis is also getting further iway from the reichstag peace resoluion even as he interprets it as the lays pass. The phrase in his speech Saturday on the necessity of a powerul peace was printed in black face ype. Reports to the Associated Press rom Germany say that Michaelis now las been hailed by the advocates of :reater Germany as a new Bismarckr?.0()0 DOCTORS NEEDED FOR THE U>. S. ARMY According to the present plans of he War Department, the medical proession of the country, with 84,000 len available must furnish 25,000 docors for the new national army. This nil make a ^reat fcap in the ranks, s, according to best of evf?rAates, here are only about 140,000 d< ctors l the United States. Of these/ it is stimated 60 per cent are available for rar duty, or about 84,000 men. i 836 14 _ 5,530 84 ? 830 23 68 55 436 74 12 58 138 45 52 50 162 50 139 37 10 00 40 00 ? 18 15 3 20 149 75 1,263 24 111 17 57 76 3,000 00 $21,329 74 rplus Exhibit "C" 13,184 10 $34,513 84 DITS. $17,352 89 11,580 84 5,368 56 211 55 $34,513 84 ACCOUNT, JUNE 30, 1917. - ? _$63,434 15 id Off 12,129 02 $51,305 13 439 12 $ 51,744 25 id Loss Exhibit "B" 13,184 10 $64,928 35 LJLE "1." - $2,519 24 - 22 48 $2,496 76 LJLE "2." $239 06 395 09 $634 15 ULE "3" $ 3.500 00 5,500 00 600 00 650 00 1,098 00 985 00 $12,333 00 RESISTERS BEING HUNTED. Various Armed Bands in Oklahoma Defy Conscript Law. Oklahoma City, Okla., Aug. 4.?At | dawn today an organized effort was begun by four sheriffs and hundreds of men to search out in the rough and timbered sections of their coun f s the various bandits of armed obffi:tors openly and in force defying sel-ctive draft. ' The exact number of the supposed half dozen or so bands of resisters, nor the numerical strength of any band has been revealed from the tangled mass of rumors and reports, but it is known that the disorder has spread through Pottawatomie, Hughes, Seminole and Pontotoc counties and that one band numbers at least 80 men. One other is said to contain four hundred. The objectors apparently made their first appearance in force in Seminole county, where for several days past organized draft resistance has been reported. Tenant farmers, Italians and negroes are said to compose the organizations which have already partially destroyed two railroad bridges, abandoned their crops and severed wire communication from various towns outside which they gathered. Numerous threats of depreHfltinnc in ... uuici luriiis were reported. Predominating among the objectors are said to be members of the Working Class union ,with a membership of 300, with a sprinkling of Industrial Workers of the World agitators and a smaller, apparently local group known as the "Jones Family." No maker of idols worships the too well. jiiEF A Car To drive it is a real to 18 miles to the g; Shop Phone 66 UNIO 1 480 SEATS?EVERY ( Arc You Air Then See? The Most Unique Phot "SKINNER'S Dl "HIS WIFE MADE HIM see this photoplay to lea make Skinner, a failure, a The Story points the w wealth and power. It is i interest for it is a slice out cally every family; a fascii ing the tragedy, pathos hu life. From the Famous Story bj _ FEATUR BRYANT Wi I THE ED IS Bl ONE DAY THURSDAY H Admission S 1^, y^jj^^wA wf' WhM At This S( of the year the daily menu b Here is where w ecome tc We Have Just the appropriate to this kind of we; suggestions we have them ga NOTICE. There will be an election held at ^ Meador school house, Santuc School ever District No. 6, on Tuesday, August bles 28th, for the purpose of voting a spec- the ial levy of two (2) mills for school . purposes. of ^ County Board of Education. ^ua, J. H. Hope, far ; 32-2 Supt. of Ed. iLpMWMM 'tvcvLcnt nT 1~ MINUTE MAN SIX For Women, T< pleasure. A Real Six tha allon of gasoline. -FOR SALE BY? N MOTOR COMPAI >NE A GOOD ONE ibitious? oplay of the Year IESS SUIT" DO IT." You must rn what she did to i wonderful success, ay to everyone to intense in its human of the life of practiriating drama, depictmor and sunshine of f Henry Irving Dodge ING \SHBURN IONIA ONLY , AUG. 16 i and 10c iL^BM IRfRSI 3ason ecomes more difficult. ) your assistance. Sort of Eats ather, and if you want lore. STOP FOR A MOMENT. rill you not stop for one moment y day at 12 o'clock and say, "God s and keep our soldier boys and cause for which they are fightThis prayer from the heart fnion county will be a mighty saferd and comfort to these boys when away from home. Mrs. B. G. Clifford. DO? t gives from 15 MY Res. Phone 87