Salvage.
This amount is made up as follows:
Contract price for salvage sold to Chicago House
Wrecking Company ………………………. $450,000.00
Less amount not yet due or paid …………… 150,000.00
——————
300,000.00
Resale of cars and motors under original
purchase contract with St. Louis Car Company 158,667.25
Miscellaneous sales ……………………… 4,198.03
——————
Total ………………………………… 462,865.28
We have verified the two large items with the original
contracts.
Special Fund.
We have not been able to obtain a detailed statement of the badge fund, which represents deposits made by employees in respect of badges issued to them, and it is probable that the greater part of this sum has been refunded and charged through various departments to other accounts.
The pay-roll fund represents unclaimed wages and has been agreed with a detailed list submitted to us.
Disbursements.
Properly approved vouchers have been produced to us for all disbursements except as regards two payments aggregating $252.45, the vouchers for which have, we understand, been mislaid.
The only items calling for special comment are, we think, the following: