The Union times. [volume] (Union, S.C.) 1894-1918, August 10, 1917, Page 8, Image 8
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