MASTER 
 NEGATIVE 
 
 NO. 94 
 
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Author: 
 
 Pilsen, John G. 
 
 Title: 
 
 Complete reform of 
 book-keeping 
 
 Place: 
 
 New York 
 
 Date: 
 
 1877 
 
COLUMBIA UNIVERSITY LIBRARIES 
 PRESERVATION 
 
 BIBLIOGRAPHIC MICROFORM TARGET 
 
 MASTER NEGATIVE # 
 
 ORIGINAL MATERIAL AS FILMED - EXISTING BIBLIOGRAPHIC RECORD 
 
 1 420 
 
 1L 
 
 Plben, John 0. 
 
 Complete reform of book-keeping: producing, by the 
 shortest possible process, even at a moment's notice, in- 
 fallibly correct balance sheets, supplying business men 
 with an accurate permanent control of their stock, and 
 establishing a standard system of practical book-keeping 
 ... By John G. Pilsen ... New York, S. W. Green, 
 printer, 1877. 
 
 109 p. incL forms. 27*". 
 
 1. Bookkeeping. 
 
 Library of Congress 
 
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 7-4323t 
 
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'p- 
 
 COMPLETE REFORM 
 
 OP 
 
 i 
 
 4l 
 
 BOOK-KEEPING 
 
 Prodiicing, b) \k Shortest Pwslble Process, even at a Moment's lotice, 
 
 INFALLIBLY CORRECT BALANCE SHEETS, 
 
 SUPPLYING BUSINESS MEN WITH 
 
 AN ACCURATE PERMANENT CONTROL OF THEIR STOCK, 
 
 AND ESTABLISHING 
 
 A STANDARD SYSTEM OF PRACTICAL BOOK-KEEPING, 
 
 BY SO KEFOBMINO AND KEEPING BOOKS AS TO MAKE EACH BEAR OUT ITS RESULTS WITH THE 
 
 LEAST CONSUMPTION OP TIME, SPACE, AND LABOB. 
 
 DESIGNED FOR BUSINESS MEN BOOK-KEEPERS AND TEACHERS. 
 
 i\ 
 
 BY 
 
 JOHN G. PILSEN. 
 
 AUTHOR or "BBTOBII 8T8TI1I OY DOUIIU^KNTBY BOOK-KEEPINO," PRINCIPAL OP PILSIN'S COMMEBCIAI. 
 
 NEW YORK. 
 
 COLLEGE, Ol 
 
 NEW YORK : 
 
 8. W. GREEK, PRINTER AND ELECTROTYPER, 16 AND 18 JACOB STREET. 
 
 1877. 
 
 ■<9| 
 
CONTENTS. 
 
 Ill 
 
 H 
 
 ^OAU/JjUi 
 
 I Auut^crvucu^ j 
 
 Entered, according to Act of Congress, In the year 1877, by 
 
 JOHN G. PILSEN, 
 in the Office of the Librarian of Congress, at Washington. 
 
 iJ 
 
 ALL RIGHTS III8ERVED. 
 
 
 Preface, 
 
 PACK 
 
 5. 6 
 
 PART I. 
 
 Accounts in General, -9 
 
 New Classification of Accounts, W 
 
 Digfest of the Whole Action of Accounts, . 11, 12 
 
 Theory of Resources and Liabilities lying outside of the Ledger, . . . . . . 12, 13 
 
 Diagram containing the Classification and Action of all Accounts, 14, 15 
 
 Balance Sheets, producing, by the shortest possible Process, Infallibly Correct Double Statements, 16-20 
 Examples for Practice in the Construction of Balance Sheets, arranged for Progressive Develop- 
 ment, 21-28 
 
 Answers to the Given Examples, 29, 30 
 
 Current Stock Books, showing always the Goods on Hand 31, 33 
 
 Current Stock Books in large Retail Establishments and in Magazines 32, 37 
 
 Current Stock Books in Wholesale Houses, 38-43 
 
 Proceedings in a well organized Office, if the Balance Sheet is to be produced at a moment's notice, 44, 45 
 
 PART II. 
 
 Introductory, . . 48, ^ 
 
 Practical Standard Set of Books of Real Business, each Book Leading the Results Directly to 
 
 their Final Adjustment, 50-109 
 
 Invoices Inward, .......'. 53-58 
 
 Invoices Outward, 59-64 
 
 New Practical Arrangement of Purchase Books, . . 65-^ 
 
 New Practical Arrangement of Sales Books, 68, 69 
 
 New Practical Arrangement of Expense Books . 70, 71 
 
 Check Book, Six Checks to a Page, with a Double Control, 72-79 
 
 Cash Book arranged for Compilation, 80-83 
 
 Consignments and Joint Accounts constructed as Journals, 84r-87 
 
 Foreign Account, giving the Differences of Exchanges between the Time of First Record and 
 
 Final Payment of Foreign Notes 88 
 
 Journal a Book of Original Entry, 89, 90 
 
 Ledgers 91 
 
 Ledger I. for the Creditors, 92 
 
 Ledger II. for the Debtors, 93 
 
 Ledger IIL for the Property and Profit and Loss Accotmts, 94-96 
 
 97 
 
 98,99 
 
 100 
 
 101 
 
 101 
 
 102 
 
 Trial Balance, 
 
 Current Stock Book, .*.... 
 
 Account of Stock •..••• 
 
 Accounts Current, 
 
 Book-keeper's Memorandum, , 
 
 Balance Sheet, 
 
 Memorandum of Bills Payable, 104^ 105 
 
 Memorandum of Bills Receivable, 105^ 107 
 
 Account Sales, log, 100 
 
1 
 
 i 
 
 I 
 
 MORE than three hundred books have been written on . Book-keepinor, all 
 professing the main object of keeping books to be the revealing of the 
 actual condition of business, and yet, if we except the banks, that object is still 
 worked out by tlie same slow process as three centuries ago, every body clinging 
 to the old-fashioned usage of taking, once or twice a year, an account of stock, 
 and of regarding the Ledger as the only privileged book to which the adjustment 
 of accounts is committed. 
 
 As a consequence, statements can be made out only once or twice a year, 
 arid then only after a protracted preparation, full of tedious drudgery. And 
 when at last statements are presented, they do not exhibit the business as it 
 stands, but as it stood at the time of closing books, weeks or months ago. 
 
 Thus, business men are doomed to go on in continual -suspense, never 
 knowing the real state of their affairs. 
 
 They might be insolvent at the time of getting the statement, while it 
 shows them to have made large gains. 
 
 It is wonderful that such an abnormal condition of things could have lasted 
 BO long, and there is no doubt that many have dearly paid for this defect in 
 
 the system. 
 
 Another equally obstructive defect is the inveterate practice of all writers 
 and teachers of Book-keeping, to make the books of original entry subsidiary to 
 the Journal, and to keep this book as the receptacle of all transactions, involv- 
 ing a change or transfer of values. This is exactly the same method, only 
 dressed after a new fashion, as the now obsolete Day-Book combined with the 
 Journal of the old Italian Book-keeping. It burdens Book-keeping with the 
 heavy, unnecessary incumbrance of numberless promiscuous entries, and dete- 
 riorates from other books their adaptability to a much better use than has thus 
 far been made of them. 
 
6 
 
 I' 1 
 I' 
 
 I: 
 
 On the whole, the existing system of Book-keeping is a too slow and too 
 clumsily working machine to suit the times. 
 
 Nowadays, brevity, rapid execution, and a quick exhibit of facts are pre- 
 dominant requirements, and business calls earnestly for plain, positive results, 
 and for a brief mode of their adjustment. 
 
 To adapt Book-keeping to these exigencies, the author has taken upon 
 himself the task to inaugurate a thorough reform, beginning at the root and 
 going over the whole field of the science. 
 
 To tliis end, he establishes a new classification of accounts; lays down a 
 full theory of assets and liabilities lying outside of the Ledger; institutes an 
 accurate, permanent control of stock, showing always the goods on hand ; takes 
 from the Ledger and Journal their obstructive features ; gives such rules and 
 directions by the help of which an infallibly correct Double Statement can be 
 produced, even at a moment's notice, and presents a practical standard set of 
 books of real business, in which each book is so devised and kept as to afiPord 
 not only the most comprehensive view and the greatest accuracy in the small- 
 est compass, but also the simplest, shortest, and quickest mode of bringing the 
 results to their final adjustment. 
 
 Trusting that a work thus qualified, and supplying, as it does, a great want, 
 will not go amiss in the accomplishment of its objects, it is hereby cheerfully 
 submitted to a careful examination by the public 
 
 PART I 
 
 ^kfA^mmi 
 
9 
 
 ACCOUNTS IN GENERAL. 
 
 A 
 
 The available means of a business are its Kesources (Assets, Effects), the debts 
 or obligations, by which it is bound to pay certain amounts, its Liabilities. Conse- 
 quently, any kind of value belonging to the business is a Eesource, and any amount 
 the business owes a Liability. 
 
 The difference between all available means on the one hand, and all debts or 
 obligations on the other, constitutes the actual worth of a single individual as well 
 as of a business concern, and there is a Net Capital where the Resources exceed the 
 Liabilities, and a Net Insolvency where the case is vice versa. 
 
 Whatever our dealings may be, and whatever we undertake in business, will 
 always be accompanied by a change of values, and any of our transactions must 
 result either in an increase or decrease of our Resources, or in an increase or de- 
 crease of our Liabilities, such changes involving an equal share of gains or losses, 
 since no gain is possible without increasing our Resources or decreasing our Liabil- 
 ities, and no loss without decreasing our Resources or increasing our Liabilities. 
 
 Thus, whatever account we may create to express the result of any transac- 
 tion, the final adjustment of it will always show either a Resource or a Liability, or 
 a Gam or a Loss, and the process of adjusting all accounts will end in establishing 
 the Net Capital by two distinct Statements ; on the one hand, by showing all avail- 
 able means and debts, and, on the other hand, how much the starting Capital has 
 been increased in consequence of a Net Gain, or decreased in consequence of a 
 Net Loss. 
 
 From this can easily be inferred that there are but two classes of accounts in 
 Double-Entry Book-keeping, one Cla^ (Resources or Liabilities) representing the 
 substance of the estate of the business, and the other Class (Gains or Losses) serving 
 as a supplement to the original capital, to regulate its increase or decrease in the 
 same proportion as is manifested in the estate of the business. 
 
 There will be a General Title, that will serve to unite under its head all 
 accoimts belonging to each class when ready for final settlement: Balance account 
 will be the receptacle of all Resources and Liabilities, and Profit and Loss account 
 the receptacle of all Gains and Losses. 
 
 The Balance account will furnish, by the difference of its two sides, one fully 
 specified Statement of the Net Capital, and Profit and Loss account will furnish the 
 other stetement by showing, in a fully specified list of all gains and losses, how much 
 the Net Capital (exhibited in the first statement) must be greater or smaller than 
 the Ongmal Capital at starting. Both Statements, giving the same result from two 
 totelly different classes of accounts, prove conclusively the correctness of each 
 
 class: 
 
 The following diagram shows the classification of accounts belonging to each 
 
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 DIGEST 
 
 OF THE WHOLE ACTION OF THE ACC50UNT8 IN GENERAL. 
 
 Except the accounts of changeable value, if the whole lot of property bo not 
 sold (and those presenting Outside Kesources or Liabilities, see next oaragi-aph), 
 the differences of all accounts will give us at any time positive results : 
 
 Debit Differences of accounts of constant value will be Resources. 
 Credit Differences of accounts of constant value will be Liabilities. -* 
 
 Debit Differences of positive Profit and Loss accounts will be Losses. 
 Credit Differences of positive Profit and Loss accounts will be Gains. 
 In accounts of changeable value, the Difference would also give a positive 
 result ; if the whole lot of property were sold, 
 
 Debit Difference would be a Loss, 
 Credit Difference would be a Gain. 
 If the whole lot of property be not sold, the Difference between the whole lot 
 in the Debit side and portions sold in the Credit side will signify nothing. 
 
 In this case, something must be done to get at a Difference, which will also give 
 a positive result — i, e., we must prepare the respective accounts. 
 
 This is done by carrying from the inventory the amounts of properties unsold 
 to the Credit side of the respective accounts, adding them there to the portions sold, 
 and then extracting from the totals of the two sides the final Difference, which. 
 
 If Debit Difference, will be a Loss, 
 If Credit Difference, will be a Gain. 
 The accounts of changeable value (and those presenting outside Res^jurces or 
 Liabilities, as will be seen hereafter) thus .prepared, the Balance Sheet will exhibit 
 the two classes of accounts in their true nature, the accounts of constant value as 
 Resources and Liabilities, all other accounts as Gains and Losses. 
 Debit Differences in accU. of const value wiU he Resources; in all other acets. Losses. 
 Credit Differences in accts, of const, value will he Liahilities; in all other acets. Gains. 
 As was said on page 9, Balance account and Profit and Loss account are the 
 General Titles to unite under their head all accounts belonging to each class. As 
 often then as we desire to show the Net Capital of the business, we transfer all 
 gains and losses into the receptacle "Profit and Loss," and carry from it the Net 
 Gain (if the gains exceed the losses) or the Net Loss (if the losses exceed the gains) 
 t^ the proprietor's or partners' accounts, where we shall get the first Statement of 
 the present Net Capital, consisting of the Original Capital plus the Net Gain or 
 minus the Net Loss. 
 
 Then we transfer the properties nnsold from the Inventory and the Differences 
 of accounts of constant value to the Balance account as Receptacle of all Resources 
 and Liabilities, and that will give us a Second Statement of the Present Net Capital 
 specifying, as it were, in a fully detailed List of ^11 Effects and Liabilities, the real 
 condition of the estate of the business. 
 
 These operations can be executed in a quarter or a half of an hour on the 
 Balance Sheet, while it takes days and often weeks to perform them on the Led<rer 
 It IS therefore a curious notion to stick to the old style of adjusting or closimr'the 
 accounts on the Ledger. 
 
 If every thing has been made correct, the two statements will always show the 
 same result, and thus prove reciprocally the correctness of each other. 
 
 / 
 
!l 
 
 12 
 
 The rektion between ti.e proprietor', or partners' acconnts and the Balance 
 ^eoun will be readily understood when we remember that no gain is p^We 
 without increasing, and no loss withont decreasing the property in bnsiness Had 
 
 UT .r'7 ^'" '"■ ^r "' ^^*'" "* '' '^''"^•^ *" *•'« proprietor's or partners' 
 firr ; u- T^" "■■ ?*'«'*r*'"" «*■ «'« property in business wonld have mani- 
 fested Itself in the proprietor's or j.artners' accounts and to the same extent in the 
 Balance account Havn.g chosen to express the gains and losses by specific titles, 
 ~ T 1 Z T' ""** ^ ^'"''"'' '"''••''« ^y «'« Ne Gain the ne 
 aSri '■ " . .' ^ *'*^ r '^"•"'^ "' *•'« ^'^^^y - business, which, 
 thrOrili PTT r "••!«''*"«'* ''<'««««»«, will conclusively show to what extent 
 the Ongmal Capital has been increased or deceased, presenting a Net Capital, 
 which must be perfectly the same as the actual estate of the bnsinl in the SCce 
 
 THEORY 
 
 OF Ol'TSIDK KESOIKCE8 AND LIABILITIES. 
 
 Since this species of Resources and Liabilities is only very loosely or not at all 
 mentioned in the most notable books, and since their knowledge and record in the 
 statement is absolutely necessary to produce a correct Present Net Capital, we must 
 -before laying down the Rules for the execution of the Double Statement- 
 necessarily establish a theory of their purport and treatment 
 
 We understand under Outside Resources and Liabilities every tliing-what the 
 busii^ possesses, or has good, or owes outside of the Inventory and the Ledger 
 
 They can consequently not arise frim properties unsold, for which an account 
 of Stock IS ta,ken, and can also never arise from accounts of constant value, which 
 
 ITltdSereYcr' "'*' ^^'^ '""^ '''"''' ""*^ ^^^^ ^«^"^*« ^ ^'^^^ «-e„ 
 
 must^S fTtfem. '"" '"'" '"" *'' "'"" "*^^""^« ^' '*~*«' ""'^ «'- -• 
 In the first place, our attention must be directed to those accounts of change- 
 able value, which represent properties that have not been bought for sale but for 
 business use. , nv« 
 
 If there are any such properties in business, tJiey ought to be kept under 
 separate titles, such as : Fixtures, Furniture, Equipments— Lease-Live Stock 
 
 For Fixtures, Furniture, Equipments, separate inventories are kept and a per 
 cent rate of the total cost is usually taken off for wear and tear ; the others of theL 
 properties, at the time of stating the Net Capital, are valued by appraisal. So much 
 as is set down as being their value, is a Resounse, and with it eacli of these accounts is 
 prepared m the same manner as merchandise with the amount of goods on hand unsold 
 
 Next our attention is to be directed to those accounts of changeable value that 
 represent properties bought on speculation, and we must see whether they offer 
 such items as ^ «- 
 
 Interest on Bonds, "j 
 
 Dividends on R. R. Stocks, | Due or realized, but not yet 
 
 
 Eents from Real Estate, 
 Proceeds from Sliips, 
 
 received. 
 
 13 
 
 Or whether there are Liabilities pending on any of these properties in Internal 
 Revenue or City Taxes, already assessed, but not yet collected. 
 
 Then our attention must be paid to such Proiit and Loss accounts, which are 
 capable of admitting a Resource or Liability yet unsettled or pending. We must 
 see : 
 
 1. "Whether there is interest pending for or against us on mortgages or notes. 
 
 2. Whether there is interest pending for or against us in accounts current, or 
 
 in items made due by equation or by special terms. 
 
 Although it might be intended to close accounts current only once a 
 year, the debit or credit balance of interest must be drawn up as often -as 
 a Statement of the Net Capital is to be made out. 
 
 3. Whether rent is due on our hired premises for expired time, or whether we 
 
 have an amount good on rent paid in advance. 
 
 4. Whether there is a Liability pending in taxes already assessed but not yet 
 
 collected. 
 
 6. Whether we owe for consumed gas-light, for which no bill has yet been 
 presented. 
 
 6. Whether there are wages due to workmen, if the aay of stating the Net 
 
 Capital happens to fall into one of the middle days of the week. 
 
 7. Whether there is fuel, stationery, or whether there are stamps unconsumed 
 
 omhand worth showing a Resource. 
 
 If no separate accounts have been kept for any of these items, that account, to 
 which they have been placed, will have to be prepared for them. 
 
 All these specifically enumerated particles are to be carefully looked after at 
 the time of making out the Statement, and those found being in business to be duly 
 recorded, since each of them constitutes just as legitimate and valid a Resource or 
 Liability, as any other derived from the inventory or from an account of constant 
 value, working with equal effect to increase or decrease the estate of our business 
 and to define a correct Statement of the Present Net Capital. 
 
 The record kept for these items, and the list made out of them at the time of 
 stating the Capital, we shall call the " Book-keeper's Memorandum." From this 
 memorandum, when perfected, the items will drop in the Balance Account, which 
 is the receptacle created for them, but as no increase of property is possible without 
 a corresponding gain, and no decrease of property without a corresponding loss, 
 every Outside Resource, increasing the Capital, will also work a gain, and as such be 
 placed to the credit side of the respective account as an offset of the cost or as 
 additional proceeds; and every liability, decreasing the Capital, will also work a 
 loss, and as such be placed in the debit side of the respective account as an offset 
 against the proceeds or as additional expenditure. Pending Liabilities are not 
 exactly expenditures at the time of being thus recorded, but Cash must be held 
 ready to cover them ; and this cash, although still in our safe, is no more ours, and 
 must be considered as an outgo. 
 
 A full Rule of the treatment of Outside Resources and Liabilities will be found 
 in the Paragraph on Balance Sheets. 
 
 The following diagram gives the classification and action of all accounts inclu- 
 sive Outside Resources and Liabilities. 
 
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 16 
 
 The following Trial Balance, Inventory, and Book-keeper's Memorandum will 
 serve for exempliiication in the development of the next plan. They represent the 
 condition of a partnership business at the end of October, 1875, the style of the 
 firm being Damm, Field & Parson. 
 
 17 
 
 TRIAL BALANCE. 
 
 Dr. Or 
 
 Damm, Fr. C. . . 
 
 Field, Edw 
 
 Parson, Henry.. 
 Sundry Debtors. 
 SundryCreditors 
 
 Casb 
 
 Bills Receivable. 
 Mortgage Pay. . 
 
 Remittance 
 
 Merchandise. . . 
 
 R. R. Stocks 
 
 Ship Halifax. . . 
 
 Real Estate 
 
 U. S. Bonds. . . . 
 
 Rent 
 
 Int. and Disc. . . 
 
 Taxes 
 
 Expenses 
 
 Brokerage 
 
 410815 
 
 I 
 
 13514 
 9342 08 
 
 20 — 
 6249 76 
 
 6- 
 
 5400 — 
 
 17012 — 
 
 4645 — 
 
 240 — 
 
 247 — 
 
 11776 
 11776 
 
 5888 
 
 8819 
 9000 
 
 64 
 64 
 32 
 
 50 
 
 INVENTORY 
 Of Properties remaining unsold October Z\st, 1875. 
 
 140 
 
 47405 13 
 
 47405 
 
 03 
 
 13 
 
 2 Hhds. Porto Rico Molasses @ 52ic. f» gal. 
 
 2000 lbs. Florida Rice @ 12c. f^ lb.. . 
 
 2000 lbs. Carolina Rice @ lie. " .. . 
 
 45 Bales Prime Canada Hops, 1 1250 lbs.@50ic. ^ lb. 
 
 160 lbs. Havana Tobacco % %\.— " . 
 
 1000 bush. Barley Malt @ 1.25 ^bsh. 
 
 66 
 240 
 220 
 
 5681 
 160 
 
 1350 
 
 15 
 
 25 
 
 \ Share of Ship Halifax, valued at 
 
 Dwelling-house in Canal St 
 
 14000 U. S. Bonds, Five-Twenties, valued at. 
 
 7717 
 
 5400 
 
 17000 
 
 4660 
 
 40 
 
 BOOK-KEEPER'S MEMORANDUM. 
 Outside Resources. 
 
 One month's Rent paid in advance for wareroom 
 
 One month's Rent due on dwelling-house in Canal St 
 
 As per advice, \ share of the net proceeds of the last trip of 
 Ship Halifax realized, but not yet received 
 
 Outside Liabilities. 
 
 Interest due on Mortgage-Pay for 90 days 
 
 Internal Revenue Taxes, assessed but not yet paid 
 
 Tax for city improvements on house in Canal St., assessed 
 but not yet paid 
 
 120 
 280 
 
 180 
 
 185 
 
 250 
 
 150 
 
 A single Statement of the Net Capital of this firm could at once he made out 
 hy recording Debit Differences of accounts of cmistant value and the respective data 
 from the Inventory and BooJc-Jceepei'' s Memorandum as Resources, and Credit 
 Differences of a^ccounts of constant value, and the respectioe data from the Book- 
 keeper'' s Memorandum as Liabilities ; but we discard the Single Statement, thus far 
 practiced, having in view to establish in its place a DouhU Statement with a complete 
 adjustment of accounts, made out on the Balance Sheet in nearly the same short time. 
 
 Rule and prepare the schedule of the Balance Siteet as follows : 
 
 1. Draw with red ink the horizontal lines for the heading. 
 
 2. Drop two inches from the left border with pencil one vertical line and another cloae to it, ^ of 
 
 an inch distant. 
 
 3. The space between this last line and the right border across the paper divide into 
 
 4 equal partitions in a single proprietor's business. 
 
 5 equal partitions in a business with two partners. 
 
 6 equal partitions in a business with three partners. 
 
 7 equal partitions in a business with four partners, etc., etc., 
 and draw vertical lines with pencil to mark these partitions. 
 
 4. Count or rule from the lower head-line as many horizontal lines, from the top to the bottom, 
 
 as there are accounts in the Trial Balance, abridged by the titles " Sundry Debtors " and 
 " Sundry Creditors," and draw for the first partition (Trial Balance) the foot-line, and beneath 
 it one for the equilibrium. The foot-line for the second partition is drawn 
 
 One line deeper in a single proprietor's business. 
 
 Two lines deeper in a business with two partners. 
 
 Three lines deeper in a business with three partners. 
 
 Four lines deeper in a business with four partners, etc., etc., 
 and one beneath it for the equilibrium. The foot-line for each partner's partition is placed 
 one line deeper from that previously made, and one is always placed beneath it for the equi- 
 librium. The foot.line of the last partner is then prolonged into the partition of Balance Ac- 
 count, where two lines deeper la placed the last foot-line, with one beneath it for the equilibrium. 
 
 5. Divide each partition into two equal parts, and draw with red ink vertical Debit and Credit 
 
 money columns from the lower head-line till to the foot-line of each partition. 
 
 6. Superscribe the schedule iu the way as seen in the given pattern, and copy into it the abridged 
 
 Irial Balance. 
 
 BALANCE SHEETS. 
 
 PRODUCING, BY THE SHORTEST POSSIBLE PROCESS INFALLIBLY CORRECT DOUBLE 
 
 STATEMENTS. 
 
 Take down from the Ledger the Trial Balance by Differences, and accustom 
 yourselves from the start to the idea, that the Ledger, having given you that much, 
 has accomplished all its function. 
 
 There should be a separate Ledger- for the Debtors, another for the Creditors, 
 both daily balanced like Deposit Ledgei-s, and a third one for the Property and 
 
 Profit and Loss accounts. r\ • 
 
 By this arrangement the Trial Balance could be taken in sections. One assist- 
 ant would furnish from the first Ledger a List of Debtors, another from the second 
 Ledger a List of Creditors, which, with their aggregates under the titles " Sundry 
 Debtors " and " Sundry Creditors," would pass into the Trial Balance taken from 
 
 the third Ledger. 
 
 Where only one Ledger is kept, the quantity of its space ought to be appor- 
 tioned accordingly, and the Trial Balance arranged in the same manner. Have the 
 schedule of the Balance Sheet prepared in as many copies as there are partners in 
 business, and copy into it the Trial Balance, abridged by the titles "Sundry Debt- 
 ors" and " Sundry Creditors." 
 
 As soon as the Inventory is taken and the Book-kseper' s Memorandum perfect- 
 ed, proceed at once to execute tJie Double Stateinent and Adjustment of Accounts on 
 the Balance Sheet. 
 
 RULES 
 
 FOR THE ADJUSTMENT OF ACCOUNTS ON THE BALANCE SHEET. 
 
 I. 
 
 The Differences in all accounts will give you, at any time, positive results, 
 except in accounts of changeable value, that show portions unsold on the In- 
 ventory, and in such accounts, that are recorded in the Book-keeper's Memo- 
 randum, as containing an outside Resource or Liability. To get in these 
 accounts at the final difference, they must be prepared. 
 
 RULE 
 
 For Preparing Properties unsold from the Inventot*y and Outside Resources 
 
 from the Book-keeper'* s Memorandum. 
 
 Take from the Inventory the amounts of properties unsold, and those from the Book-keeper's Memoran- 
 dum, of properties unused and pending Besources, and plaoe them with red ink on the Credit side of the 
 respective aecounts in the Trial Balance on the Balance Sheet, and transfer them at the same time with black 
 ink to the Debit side of the Balance. Aocount on the Balance Sheet. 
 
 RULE 
 For Preparing Outside Liabilities from the Book-keeper^ s Memorandum. 
 
 Take the amounts of Outside Liabilities from the Book-keeper's Xemorandum, place them with red ink 
 on the Debit side of the respective accounts in the Trial Balance on the Balance Sheet, and transfer than 
 at the same time with black ink to the Credit side of the Balance Account on the Balance Sheet. 
 
18 
 
 19 
 
 \ 
 
 The accoonU being thus prepared on the Balance Sheet, their differences will now exhibit the two 
 claiMi in their true nature : 
 
 Debit Differences in accounts of constant value will show BESOTTRCES, in all other accounts, LOSSES 
 Credit Differences in accounts of constant value will show LIABILITIES, in all other aocounU, 0AIK8. 
 
 II. Dispose of the Differences hij placing them In the Right Spot, 
 
 RULE. 
 
 Debit Differences of accounts of constant value beincr Resources • i'^"* *'*•"* *"* t^« Iklbit side 
 
 ' / of the Balance Account. 
 
 Credit Differences of accounts of constaut value bein^ Liabilities- i^^*®® ^«°* i» t^« Credit side 
 
 I of the Balance Account. 
 
 Debit Differences of all other accounts being Losses : i ^^**® ^^•^ ^ ^^ J>«Wt side 
 
 t of Profit and Loss Aocount. 
 
 Credit Differences of all other accounts bein^ Gains • J ^^*« ^^®™ ^° ^^* ^'•^^ ■**• 
 
 ^ ^.„ . " ' ' i of Profit and Loss Account. 
 
 The Differences of proprietor's or partners' accounts place : 
 
 If Debit Differences, in the Debit side K, .v : *• ^t.i 
 
 If Credit Differences, in the Credit side I **^ ^®^ respective partitions. 
 
 For those who content themselves with a Double Statement of the Net Capital without its appor- 
 tionment among the partners, the above Rules are sufficient to attain the object. They miffht only 
 draw up one of the following two forms : ^ ^ e> j 
 
 NEW YORK, 
 October Slitt, 1875. 
 
 Damm, F. C 
 
 Field, Edw 
 
 Parson, Henry 
 
 Sundry Debtors 
 
 Sundry Creditors . . 
 
 Cash 
 
 Bills Receivable. . . 
 Mortgage Payable. 
 
 Remittance 
 
 Merchandise 
 
 Railroad Stocks. . . . 
 
 Ship Halifax 
 
 *Real Estate 
 
 United States Bonds.. . 
 
 Rent , 
 
 Interest and Discount. 
 
 Taxes 
 
 Expenses 
 
 Brokerage 
 
 Trial Balance. 
 
 Final Differences 
 
 j AFTER FKEPARINO. ( 
 
 1 
 
 Profit AND Loss. 
 
 BALi 
 
 iNCE- 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 Dr. \ Or. 
 
 Dr. 
 
 Cr. 
 
 
 
 11776:64 
 
 
 
 ) 
 
 
 
 
 
 
 
 
 
 
 11776 
 
 64 
 
 
 
 V 29441 
 
 60 
 
 
 
 
 
 
 
 
 
 
 
 5888 
 
 32 
 
 
 
 \ 
 
 
 
 
 
 
 
 
 
 
 4108 
 
 15 
 
 8819 
 
 50 
 
 4108 
 
 15 
 
 , 8819 
 
 50 
 
 
 
 
 
 4109 
 
 15 
 
 8819 
 
 50 
 
 135 
 
 14 
 
 
 
 ; 135 
 
 14 
 
 
 
 
 
 
 
 135 
 
 14 
 
 
 
 9342 
 
 08 
 
 9000 
 
 
 , 9342 
 
 08 
 
 1 9000 
 
 _ 
 
 
 
 
 
 9342 
 
 08 
 
 9000 
 
 
 20 
 
 — 
 
 
 
 20 
 
 — 
 
 1 
 
 
 
 
 
 
 20 
 
 , 
 
 
 
 6249 
 
 76 
 
 7717 
 
 40 
 
 
 
 1467 
 
 64 
 
 
 
 1467 
 
 64 
 
 7717 
 
 40 
 
 
 
 6 
 
 — 
 
 
 
 6 
 
 — 
 
 
 
 6 
 
 — 
 
 
 
 
 
 
 
 5400 
 
 — 
 
 180 
 5400 
 
 
 
 
 180 
 
 — 
 
 
 
 180 
 
 """ 
 
 5580 
 
 
 
 
 150 
 
 
 
 880 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 17000 
 
 — 17666 
 
 ^_ 
 
 
 
 118 
 
 ^^ 
 
 
 
 118 
 
 — 
 
 t»80 
 
 — 
 
 150 
 
 
 4645 
 
 — 
 
 4660 
 
 
 
 
 15 
 
 — 
 
 
 
 15 
 
 ^^ 
 
 4660 
 
 , 
 
 
 
 240 
 
 — 
 
 120 
 
 — 
 
 120 
 
 — 
 
 
 
 120 
 
 — 
 
 
 
 120 
 
 mm^ 
 
 
 
 185 
 
 
 140 
 
 03 
 
 
 ~— 
 
 5 
 
 03 
 
 
 
 5 
 
 03 
 
 
 
 135 
 
 ^^ 
 
 250 
 
 — 
 
 
 
 250 
 
 — 
 
 
 
 250 
 
 — 
 
 
 
 
 
 250 
 
 ^^^ 
 
 247 
 
 — 
 
 
 
 247 
 
 — 
 
 
 
 247 
 
 — 
 
 
 
 
 
 
 
 
 
 4-! 
 
 
 
 4 
 
 — 
 
 
 
 4 
 
 — 
 
 
 
 
 
 DOUBLE STATEMENT OF THE PRESENT NET CAPITAL. 
 
 Resources. 
 
 Sundry Debtors. 
 
 Cash.. 
 
 Bills Receivable. 
 
 Remittance 
 
 Merchandise. . . . 
 
 410815 
 
 13514 
 
 9342 08 
 
 20 — 
 
 7717 40 
 
 Ship Halifax I 5580 — 
 
 Real Estate 
 
 United States Bonds. 
 
 Rent 
 
 Liabilities. 
 
 Sundry Creditors 
 
 Mortgage Payable 
 
 Real Estate 
 
 Interest and Discount. 
 Taxes 
 
 17280 — 
 
 46«K) — 
 
 120 — 
 
 881950 
 
 9000 — 
 
 150 — 
 
 135 — 
 
 250- 
 
 Pre»ent Net Capital. 
 
 48962 
 
 18354 
 
 30608 
 
 77 
 
 .50 
 27 
 
 Gains. 
 
 Merchandise 
 
 Ship Halifax 
 
 Real Estate 
 
 United States Bonds . . 
 Interest and Discount . 
 Brokerage 
 
 IjOSSES. 
 
 Railroad Stocks.. 
 
 Rent . 
 
 Taxes 
 
 Expenses 
 
 146764 
 
 180 — 
 
 1181— 
 
 15,- 
 
 5|a3 
 
 4 — 
 
 6 
 120 
 250 
 247 
 
 ■r 
 
 Net Gain 
 
 Add to it Original Capital. 
 
 Present Net Capital. 
 
 1789 
 
 623 
 
 1166 
 29441 
 
 67 
 
 30608 
 
 67 
 60 
 
 27 
 
 *Mark the peculiar featnre of Real Estate account, being prepared by two Resources and one Liability. 
 
 ^ 
 
 Add np the gaina and Iomm (on a slip of paper), and draw between their footings the difforenoe,. 
 
 which 
 
 If Debit Difference, will be a Ket Lom, 
 If Credit Difference, will be a Net Gain, 
 
 From which the proportional share of 
 each partner is made out according^ 
 to partnership aj^reement. 
 
 Close Profit and Loss Account. 
 EULE. 
 
 Place its difference or the proportional share of each partner with red ink in its smaller side, and trans- 
 fer the same with black ink in the opposite side of the proprietor's or partners' accounts. 
 
 This proceeding will produce the Present Capital of each partner, and by the sum of these Capitals the 
 FIB8T STATEMENT OF THE PSESENT NET CAPITAL OF THE FISM. 
 
 XV. Close Proprietor's or Partner^ Accounts. 
 
 RULE. 
 
 Plaee in the proprietor's or each partner's partition the difference (partner's capital or insolvency), with 
 red ink in the lesser side, and transfer these differences (brought into an aggregate), also with red ink, to the 
 opposite side of the Balance Account, beneath the line provided for the Total of Besources and Liabilities. 
 
 V. TJie Correctness of the whole Work is then tested by the Second Statement. 
 
 RULE. 
 
 Foot up both sides of the Balance Account, which will produce the Total of all Besources and Liabilities, 
 and by their difference THE SECOND STATEMENT OF THE PBESENT NET CAPITAL OF THE FDIM, 
 which must be equal to the first, so that the aggregate of the partners' capitals, placed biflieath, must exactly 
 dose up the Balance Account, establishing the fact of the correctness of the whole work. 
 
 There is no Risibility of an error if every thing is done according to BXTLE. 
 
 In Joint-Stock Companies, or where only the whole capital is known (the partners being kept secret), the 
 book-keeper will act as in a single proprietor's business, using instead the proprietor's name the Title: 
 "CAPITAL ACCOUNT" or Stock. . 
 
 The whole manipulation is so plain, comprehensive, and easy, and at the same time so rapid in its ezeen- 
 tion, that it must astonish how the existing toilsome and time-wasting method of adjusting the accounts on 
 the Ledger could have lasted so long. 
 
 If you look at the Balance Sheet, which, by way of exemplification and for form's sake, is given on next 
 page, yon will find that it furnishes just as ftdl a description of the business as any manipulation on the 
 Ledger could produce, and that the Ledger itself appears on it essentially closed. 
 
 The mechanical labor of closing the Ledger by red lines and of forwarding the balances to new account, 
 is only of secondary importance, and can easily be performed by any of the assistant book-keepers from the 
 Balance Sheet and the List of Debtors and Creditors. 
 
 The practice of presenting partners with Balance Sheets is not new, but thus far everybody has been 
 teught to close the Ledger first and then to copy the results into the Balance Sheet, which took days, weeks, 
 and often months to perfomf. This is the main reason why this form of statement, although the most eon- 
 densed and perfect, has never been adopted to any great extent in business houses. We hope, by M«'gwiiiy to 
 it the primary function of ac^usting on its fstce the accounts in less than half an hour, to see it brought into 
 general use. 
 
20 
 
 I 
 
 cjj^ «J g 3 osn: O ® ® . 
 
 02 
 
 to S « »- 
 
 S {J(S»S* »PQ 
 
 ft, 
 
 ft; 
 
 
 21 
 
 EXAMPLES FOR PRACTICE 
 
 IN THE CONSTRUCTION OF BALANCE SHEETS. 
 
 Arranged for progressive development with four Trial Balances withont Inventory, 
 four with Inventory, and five with Inventory and Book- 
 keeper's Memorandum. 
 
 TRIAL BALANCE I., 
 
 Representing a business in which there are no portions of property 
 
 unsold or unused. 
 
 TRIAL BALANCE, 
 J\r«tr Tork, December 31, 1876 
 
 1 
 3 
 3 
 4 
 5 
 6 
 7 
 8 
 9 
 
 *Wm. CTdfton... 
 
 Jos. Drake 
 
 Cbas. Allen 
 
 Andr. Diepold.. . 
 
 Cash 
 
 Bills Payable. . . 
 Bills Receivable. 
 
 Merchandise 
 
 Expenses 
 
 10| Office 
 
 876. 
 
 
 
 1 
 1000 — 
 
 
 
 1600 — 
 
 672 — 
 
 
 600 — 
 
 
 995 — 
 
 1 
 
 
 600 — 
 
 1120 — 
 
 
 1 
 
 372 — 
 
 65 — 
 
 
 120 — 
 
 1 
 
 
 
 3572 — 
 
 3572 — 
 
 If there be no portions of property 
 unsold or unused, which might be 
 the case after liquidation of a business 
 or private concern, the Trial Balance 
 is only to be systematically arranged 
 to show the Double Statement, and a 
 single sheet form will do as well to 
 give the proper exhibit. 
 
 Where there are no portions of property unsold or unused, the differences of 
 all accounts give positive results, viz. : 
 
 DehUDifferemm of(umunts of comUnt valv^ are Resources, in all other aec<mnts. 
 
 Losses. 
 Credit Differences of accounts of constant value are Liabilities, in all other 
 
 accounts^ 
 
 forms: 
 
 FOBM I. 
 
 Retoireei. . 
 LUUlltles. 
 
 ItOMCR 
 
 CiaiM. 
 
 
 
 Thus, they can at once be brought down, arranged in either of the following 
 
 BALANCE SHEET. 
 yew York, December 81, 1876. 
 
 Cha«. Allen 
 
 Andr. Diepold . . 
 
 - Cash 
 
 7 Bills Receivable 
 
 9 
 10 
 
 8 
 
 $8887.- 
 
 2800.- 
 
 Jo8. Drake 
 
 Bills Payable., 
 
 Net Capital... $1187. 
 
 Expenses 
 
 Office " ' * 
 
 Merchandise 
 
 Net Gain 
 
 Original Capital. . .. 
 
 Present Net Capital, §1187. 
 
 678 
 
 600 
 
 995 
 
 1190 
 
 $185. 
 
 872.- 
 
 $187^ 
 1000.- 
 
 65 
 180 
 
 1600 
 600 
 
 Form II. 
 
 BALANCE SHEET. 
 yew York, December 31, 1876. 
 
 3572- 
 
 378 
 
 Resonrceg. 
 
 LUbllltles 
 
 Chas. Allen. .. 
 Andr. Diepold . . 
 
 Cash 
 
 Bills Receivable 
 
 ssra- 
 
 Lonen 
 
 flalas 
 
 2 Jos. Drake 
 
 6 Bills Payable. 
 1 ♦Wm. Crafton . 
 
 Net Gain. 
 
 8 
 
 .. $8387.- 
 
 8800.— 
 
 era 
 
 600 
 
 995 
 
 1180 
 
 E^nses 
 
 Office 
 
 Merchandise.. 
 Net Gain 
 
 $187.- 
 
 $i85! 
 . 878.— 
 
 .$187.— 
 
 65 
 190 
 
 iieoo 
 
 ! 600 
 1000 
 
 372- 
 
 3578 — 3572- 
 
 ♦ Indicates proprietor's original capital. 
 
 '%^' 
 
 ■f 
 
22 
 
 
 • I 
 
 i! 
 
 
 'I 
 
 
 o 
 
 QQ 
 
 a 
 p 
 
 CO 
 
 a 
 o 
 
 o 
 
 p. 
 
 o 
 bo 
 
 o 
 o 
 
 
 o 
 
 QQ 
 
 O 
 
 a 
 
 08 
 P O 
 
 B 
 
 w a) 
 
 « o 
 
 Fi 
 
 
 u 
 
 00 
 
 {z; 
 
 l-H 
 
 ^ 
 
 ij 
 
 § 
 
 < 
 
 « 
 s 
 
 ^ 
 
 •^ 
 
 < 
 
 
 l-H 
 
 
 Pi 
 
 
 H 
 
 
 i i ^ 
 
 <© aa 1-t 
 
 I I I 
 
 $ s s 
 
 03 O CI 
 
 IL 
 
 Oi 
 00 
 
 III I I 
 
 T-t ©I 00 
 
 I I II I I I 
 
 9 S S 
 
 ©I T-l 
 
 S iC 
 
 a 
 o 
 
 03 
 GQ 
 
 QQ 
 
 o 
 
 •c 
 
 03 
 
 i1 
 
 
 2 
 
 a 
 o 
 
 
 
 
 03 
 
 03 
 
 s 
 
 s 
 
 5 I 
 
 g 1 1 1 ^- 1 s 5 1 1 i , 
 
 a 
 
 at 
 
 09 
 
 73 
 
 PU o 
 
 a 
 
 f 
 
 1 
 
 t 
 
 8 ^ 
 
 I 5 «• 
 
 S " o 
 
 M «^ « 
 
 e a s 
 
 S a 5 
 
 ■ C8 • 
 
 • 5 • 
 
 "-• 00 -* 
 
 .a 
 
 2 3 
 
 23 
 
 The followinj^ Trial BHlaDce and Inventory represent the condition of the business of £dwaid 
 Goss, at tlie end of September 30, 1876. 
 
 TRIAL BALANCE V. 
 
 Dr. Cr. 
 
 1 
 o 
 
 3 
 
 4 
 
 5 
 
 6 
 
 7 
 
 8 
 
 9 
 
 10 
 
 11 
 
 13 
 
 13 
 
 14 
 
 15 
 
 Edward Goes 
 
 Chas. Legrain & Co.. 
 
 Leon. Huxwell 
 
 Nat. Broadway Bank 
 
 V/CM3L& •••••••••»••»•• 
 
 Merchandise 
 
 Bills Payable 
 
 Bills Receivable 
 
 Harlem R.R. Stocks 
 United States Bonds 
 
 Insurance 
 
 Interest and Prem... , 
 Profit and Loss .... 
 
 Office 
 
 jStxpensG. ....... ., 
 
 68,75 
 
 4244|36 
 
 40799 
 
 2477 61 
 
 1824 09 
 
 2580 
 
 2250 
 
 53 45 
 
 48 28 
 270 
 27 
 
 14331 
 
 53 
 
 12773 
 
 1536 
 
 21 
 
 14331 
 
 INVENTORY 
 
 Of properties unsold September 30, 1876. 
 
 05 
 
 58 
 
 53 
 
 10 Cases Cotton Damask. .4323 yds., @19c. 
 
 1 Case Delaines 1600 
 
 1 " Opera Flannel... 832 
 1 " Bl'k Taby Velvet, 681 
 1 " Solid Check Ging- 
 hams 2390 
 
 1 ♦' Woolen Shawls... 60 
 3 Cases Printed Jaconets, 6020 
 
 <( 
 
 << 
 
 << 
 
 @25c 
 
 @41ic. 
 
 @34c. 
 
 @19c. 
 
 @|5.— 
 
 @15c. 
 
 821 
 400 
 345 
 231 
 
 382 
 
 37 
 
 28 
 54 
 
 40 
 
 300 — 
 
 903 
 
 — 3383 
 
 59 
 
 20 Shares Harlem R.R. Stocks, valued at $1.31*. 2630 — 
 12000 U. S. Bonds, 5-20, " " 1.13i.i2270,— 
 
 Going back to the foregoing instruction, we find that the differences of all accounts give positive 
 reaults, except in accounts of changeable value, which show portions unsold in the Inventorv To 
 get in these accounts at the final difference, they must be prepared. ' 
 
 RULE. 
 I. Take from the Inventory the amounts of properties unsold; place fhem, ivUh 
 red ink, in the credit side of the respective accounts in the Trial Balance 
 and transfer them, at the^same time, with black ink, in the debit side of 
 the Balance Account. Then add portions sold and unsold together, and 
 extract between the two sides the final differences. 
 
 *v^ ^ ftooounto being thus prepared on the Balance Sheet, their differences will exhibit the two clA«ei in 
 tneir true nature : ■■' ■ "* 
 
 SfSlL^S'®"'^ ^ accounts of constant value will show EESOUECES, in all other accounts, L0S8E8 
 Credit Differences in accounts of constant value will show LIABILITIES, in all other accom/tsTSSreL 
 
 n. Dispose of the Differences, by' placing them in the Right Spot. 
 
 RULE. 
 
 Debit Differences of accounts of constant value being Resources • \ ^^*^ ^®°^ ^ *^® ^^t side 
 
 ' i of the Balance Account. 
 Credit Differences of accounts of constant value being Liabilities • \ ^^*^ *^®°^ "* ^^ Credit tide 
 
 ' ( of the Balance Account. 
 
 Debit Differences of all other accounts being Losses : i ^^*®® *^«"^ ^^ ^^ Jkibit aide 
 
 } of Profit and Loss Account. 
 Credit Differences of all other accounts being Gains ... i ^^*"* *^®"* ^ ^« Credit side 
 
 .„.|. . . , , , i of Profit and Loss Account 
 
 .1W..O • i"^ '^ * ^m^'^ proprietor's business, and no apportionment of the net capital necessarv the 
 above rules are sufficient to show the results on the Prepwatory Form necessary, t&e 
 
 NEW YORK, 
 September 30, 1876. 
 
 L 
 F 
 
 Trial Balance, j^'^ ad Differences] profit Axn T^s« 
 
 I after preparing. ' '^""*^*^ ^^" LK)S8. 
 
 Edward Goes 
 
 Chas. Legrain & Co 
 
 Leon. Huxwell 
 
 Nat'l Broadway Bank. . . 
 
 Cash 
 
 Merchandise 
 
 Bills Payable.... :::;: 
 
 Bills Receivable 
 
 Harlem R.R. Stocks. 
 
 United States Bonds 
 
 Insurance.' 
 
 Interest and Prem 
 
 Profit and Loss 
 
 Office 
 
 Expense 
 
 1 
 
 2 
 
 3 
 
 4 
 
 5 
 
 6 
 
 7 
 
 8 
 
 9 
 
 10 
 
 11 
 
 12 
 
 13 
 
 14 
 
 15 
 
 Dr. 
 
 68 
 80 
 
 4244 
 407 
 
 2477 
 
 1824 
 
 2580 
 
 2250 
 
 53 
 
 48 
 
 270 
 
 27 
 
 Cr. 
 
 75 
 
 36 
 99 
 61 
 
 09 
 
 45 
 
 28 
 
 12773 
 
 3383 
 
 1536 
 
 69 
 
 2630 — 
 2270-- 
 
 21 
 
 58 
 
 Dr. 
 
 68 
 
 80 
 
 4244 
 
 407 
 
 1824 
 
 53 
 
 48 
 
 270 
 
 27 
 
 75 
 
 36 
 99 
 
 09 
 
 45 
 
 28 
 
 Cr. 
 
 Dr. 
 
 12773 
 
 9a5 
 1536 
 
 50 
 20 
 
 21 
 
 98 
 95 
 
 58 
 
 53 
 
 48 
 270 
 
 27 
 
 45 
 
 28 
 
 Cr. 
 
 905 
 
 50 
 20 
 
 21 
 
 Balance. 
 
 Dr. 
 
 Or. 
 
 98 
 
 58 
 
 68 76 
 
 424436 
 
 40799 
 
 338359 
 
 182409 
 26301— 
 2270 
 
 12773 
 
 1536 
 
 95 
 
 can 
 
 l"2i^J-::^^^''jr^:^i^^^^^^^^^, *^^ ^^-^o s^^.^ 
 
24 
 
 ijl 
 
 ^'4x f<^ll<^wiii^ Trial Balances, with accompaiiviiig Inventories, represent three 
 
 (litferent Sets of Books It is required to adjust tlleir linal differences in tlie prepar- 
 atory form, and to construe therefrom Balance Sheets in either of tlie given forms 
 
 TRIAL BALANCE VI. 
 December 31, 1876. Dr. 
 
 Cr. 
 
 1 
 
 2 
 
 3 
 
 4 
 
 5 
 
 6 
 
 7 
 
 8 
 
 9 
 
 10 
 
 11 
 
 12 
 
 13 
 
 14 
 
 15 
 
 16 
 
 17 
 
 18 
 
 19 
 
 *D. Hartley 
 
 Frank Hallstead 
 
 Cirus Munson 
 
 L. Tabot & Co | 3010 
 
 Fred. Ramsey 2745 
 
 Cash 8891 
 
 Bills Receivable 8080 
 
 Bills Payable 
 
 Merchandise \ 4385 
 
 111. Central R.R. Stocks. . 
 
 Real Estate 
 
 Ship Olga 
 
 Tenth National Bank... . 
 Adventure to Galveston. . 
 
 Office 
 
 Insurance 
 
 Expense 
 
 Interest and Premium 
 
 Commission 
 
 4100 
 
 11580 
 
 6000 
 
 8010 
 
 220 
 
 450 
 
 125 
 
 28 
 
 10 
 
 46172 
 
 1685 
 
 66 
 50 
 
 INVENTORY 
 Of praperties remaining unsold Dee. 31, 1876. 
 
 2100 — 
 
 692722 
 
 516 
 
 57596 38 
 
 68 
 
 t 
 
 12*^ 
 
 57596 
 
 38 
 
 TRIAL BALANCE VII. 
 September 30, 1876. Dr. 
 
 Cr. 
 
 1 »J. W. Lien. 
 21 J. Doyle . . . 
 3 - - 
 4 
 
 5 
 6 
 7 
 8 
 9 
 
 10 
 11 
 12 
 13 
 14 
 15 
 16 
 
 M. Briggs & Co 
 
 Marc Barret 
 
 Cash 
 
 Bills Receivable 
 
 Bills Payable . 
 
 Merchandise 
 
 Adventure to Halifax . . 
 Adventure to Portland. 
 Shipment to Savannah . 
 
 Insurance 
 
 Interest and Premium.. 
 
 Profit and Loss 
 
 Office 
 
 Expense 
 
 TRIAL BALANCE VIII. 
 June 30, 1876. Dr. 
 
 Cr. 
 
 1 'Sam. Putney 
 
 2 Prentiss & Son 
 
 3 Adolph Sawyer 
 
 4 Schell&Bros 
 
 5 Cash 
 
 6 Bank of America 
 
 7 Bills Receivable 
 
 8 Bills Payable 
 
 9 Mortgages Payable 
 
 10 Merchandise 
 
 11 Real Estate 
 
 12 Adventure to Southampton 
 
 13 ErieR.R. Stocks 
 
 14 IT. S. Bonds 
 
 15 Insurance 
 
 16 Brokerage 
 
 17 Office ;;.* 
 
 18 Expense 
 
 967 
 1184 60 
 
 210:— 
 6420 — 
 3427 — 
 
 4860 
 
 11720 — 
 
 4200|— 
 
 4500;- 
 270 — 
 
 240 
 95l— 
 
 27000 
 1614 
 
 3176 
 
 6000 
 
 227 
 
 60 
 
 76- 
 
 3809360 380036C 
 
 40 pes., 1600 yds.. Brussels 
 
 Carpets @|2.— 
 
 36 pes., 1440 yds., Brussels 
 
 Carpets @|1.50 
 
 70 pes. Merrimac Prints, 
 
 @$3.- 
 420 pes. Engl. Prints, " 5.— 
 8 •* 160 yds.. Fine Broad 
 
 cloth @$6.— 
 
 1 pc. Saxon Flannel 
 
 1 " Scarlet " 
 
 3200 
 
 2160 
 
 210 
 2100 
 
 966 
 11 
 15 
 
 62 
 60 
 
 Adventure to Galveston 
 
 Ship Olga, valued at . ... 
 
 ; 50 Shares 111. Centr. R.R. Stocks,® 185 
 I 60 " 10th Nat. Bank Stock. " 101 
 
 8668 
 
 8010 
 
 11400 
 
 4250 
 
 6060 
 
 22 
 
 
 
 20991 
 
 
 1 
 
 
 
 1376 
 
 1729 
 
 50 
 
 
 ( 
 
 2375 
 
 — - 
 
 
 
 7928 
 
 — 
 
 
 
 2799 
 
 -^ 
 
 
 
 
 
 S54G85 
 
 
 5219 
 
 15 
 
 
 
 
 225 
 
 — 
 
 
 ; 
 
 
 
 476 
 
 3450 
 
 
 
 
 
 440 
 
 -^ 
 
 
 
 
 68 
 
 20 
 
 
 
 
 700 
 
 •^ 
 
 
 
 
 320 
 
 
 
 
 
 136 
 
 — 
 
 
 
 
 25389 
 
 85! 
 
 25389 
 
 85 
 
 
 INVENTORY 
 Of properties remaining unsold Sept. 30. 1876. 
 
 100 bbls. Pork @ $16.70 1670 
 
 200 " Ext.MessBeef "11.— 2200 
 
 200 tierces West. Lard "10.65 
 
 2130 
 
 Adventure to Savannah 
 
 6000 
 
 8450 
 
 INVENTORY 
 Of properties remaining unsold June 80, 1876. 
 
 200 bbls. Ext. Western Flour, 
 
 @$5.60 
 200 bbls. St. Louis Choice 
 
 Family Flour @^.— 
 
 300 bbls. Superfine Rye Flour 
 
 @|5.— 
 
 400 bbls. Brandy. Wine Corn 
 
 Meal @|3.25 
 
 1120 
 1600 
 1500 
 1300 
 
 Adventure to Southampton 
 
 House and Lot in 34th St.. valued at . . 
 14000 U. S. Bonds. 520, valued at $118 
 
 5520 — 
 
 4200 — 
 
 12000 — 
 
 4620 — 
 
 All accounts marked * represent the proprietor, respectively the original capiUI. 
 
 25 
 
 The Double Statement is now to be carried into execution, directly on the face of 
 
 the Balance Sheet, without Preparatory Form. 
 
 TRIAL BALANCE TX. 
 
 Style of Firm: "Pacific Transportation Company." 
 
 Three partners in business. Henry Abbot, with f ; Steplien Holmes, with f ; and 
 Oswald Sloan, with ^ Investment and Share of gains and losses. 
 
 This business is adverse. 
 
 San Francisco, December 31, 1876. 
 
 Henry Ahbot 
 
 Stephen Holmes 
 
 Oswald Sloan 
 
 Portland Agency 
 
 U. S. Government 
 
 Indian Bureau 
 
 Bank of California 
 
 Own's Ship Oregon 
 
 Cash 
 
 Bills Receivable 
 
 Mort jjajre Payable 
 
 Marine Property 
 
 Real Estate 
 
 Live Stock 
 
 Merchandise 
 
 Shipment of Wheat 
 
 Freights 
 
 Passengers 
 
 Government Transportation. 
 Commission and Guaranty. . 
 
 Profit and Loss 
 
 Expenses 
 
 Supplies 
 
 Fuel 
 
 Office 
 
 Int. and Prem 
 
 
 
 276636 
 
 
 
 184424 
 
 
 
 92212 
 
 86000 
 
 — ■ 
 
 
 7400 
 
 
 3600 — 
 
 
 75000 
 
 
 9750 
 
 980 
 
 — 
 
 
 42000 
 
 — 
 
 60000 
 
 :300000_ 
 
 
 40000 — 
 
 
 1200 — 
 
 
 32000 
 
 — 
 
 
 8400 
 
 
 25000- 
 
 860- 
 
 6200- 
 
 1270- 
 
 53800 
 
 
 322 — 
 
 
 910 — 
 
 
 780 — 
 
 
 3260 
 
 
 
 700 
 
 — 
 
 
 656352 
 
 656352 
 
 INVENTORY 
 
 Of properties on hand, December 31, 1876. 
 
 , Goods on hand as pr. Current Stock Book 
 
 i Marine property valued at 
 
 , Real Estate 
 
 Shipment of Wheat, actual cost 
 
 37156 
 
 300000 
 
 40000 
 
 8400 
 
 BOOKKEEPER'S MEMORANDUM. 
 Outside Resources. 
 
 Office Fixtures, |1200 
 
 2 Wagons and Harness, 670 to account 
 
 of office 
 
 4 Work Horses 
 
 1870 
 1200 
 
 Outside LuMlities. 
 
 7 % Interest on Mortgage, jmyable for 
 three mouths. 
 
 1050 — 
 
 Rule the schedule of the Balance Sheet after the pattern given on page 20. in conformity with the 
 directions given on page 16. Copy into it the above Trial Balance, and proceed to execute the Double 
 Statement. 
 
 1. Prepare the accounts, showing properties on hand, in the Inventory, and Outside 
 
 Resources and Liabilities in the Book-keeper's Memorandum. 
 
 2. Dispose of the final differences by placing them in the right spot. 
 
 3. Foot up Profit and Loss Account, and close the proportional shares of gain or 
 
 loss into the parsers' accounts. 
 
 4. Close partners' accounts into the Balance Account. 
 
 6. Foot up Resources and Liabilities in the Balance Account, to test the correctness 
 of the whole. 
 
 If every thing is done in strict accordance to the Rules laid down for these proceedings, on pages 
 17, 18, and 19, the Balance Sheet must come out infallibly correct, and will compare with that on the 
 next page. 
 
26 
 
 27 
 
 {25 
 QQ 
 
 ^2| 
 
 d o *-■ 
 
 P 00 
 
 2 o S ti»-. 
 
 "l= -2 -2 "C 'C -3 ® 2 
 
 a B 
 
 C1..Z7' op 
 
 5g-i€®saE'2'2^*C'3«2a.2PS 
 ►S *I«Oh.- fl § ^ SS o « g > «3 £ 2 
 
 
 9 
 
 
 In the following four examples, the Doable Statement is to be executed directly on the face of the 
 Balance Sheet, in the same manner as in the foregoing example, and as prescribed by the Rales, pages 
 17, 18, and 19. ____ 
 
 TRIAL BALANCE X. 
 Single Proprietor's Business. Business Prosperous. 
 
 Ifew York, January 31, 1863. 
 
 Dr. Cr. 
 
 ♦Nathan Harris 
 
 Andrew Hill 
 
 C. Blank & Co 
 
 Sidney Floyd 
 
 Cash 
 
 Bills Receivable 
 
 Bills Payable 
 
 Merchandise 
 
 RR. Stocks 
 
 Ship Queen's Stair., 
 
 Lease 
 
 Live Stock 
 
 Taxes 
 
 Int. and Prem 
 
 Insurance 
 
 Office. 
 
 620 — 
 
 1670 — 
 
 570'64 
 
 7466 — 
 
 1362 — 
 
 10870 — 
 
 2000 — 
 
 342 — 
 
 200 — 
 995 — 
 
 26986 64 
 
 19942 
 1260 
 12001— 
 
 8600 — 
 
 83 641 
 
 26986 64 
 
 INVENTORY 
 Of properties unsold, January 31, 1868. 
 
 Lttmbbsr^"" 
 Brazilian Violet.. . .3000 ft., @ 50c.. 
 
 St. Domingo Satin..5000 " @ 40c.. 
 
 Old Oak 2000" @ lOc. 
 
 Rosewood 6000 " @30c.. 
 
 Mahogany 8000 " @22c.. 
 
 Ebony 4000 " @20c.. 
 
 Butternut 6000" @ lOc. 
 
 1 
 
 I 
 
 1500 — 
 
 
 2000 — 
 
 i 
 
 200 — 
 
 
 1500 — 
 
 
 1760- 
 
 
 1 800 — 
 
 
 1 600- 
 
 8360 
 
 Ship Queen's Star, valued 11000 — 
 
 20 Shares Erie R.R. Stock at $70.— 1400;— 
 
 BOOK-KEEPER'S MEMORANDUM. 
 
 Outside Resources. 
 Office Fixtures $600.-: I 
 
 1 Two-Horse Wagon, with Harness, to j J 
 
 Office Account 170.—' 77a— 
 
 9 years' Lease of Storehouse, valued 2000 — 
 
 2 Work-Horses, valued 342 — 
 
 Outside Liabilities. 
 
 60 days' Interest @ 7 j^ for our Note No. 
 
 2, amounting $1500. — 
 
 Taxes on Sales assessed but not yet collect©!. . 
 
 17 
 290 
 
 50 
 
 TRIAL BALANCE XL 
 
 Partnership Business. Business Adverse. Style of Firm : Qulnn & Racine. Two Partners with 
 
 equal investment and equal share of gains and losses. 
 
 New York, June 30, 1876. 
 
 Dr. Cr. 
 
 ♦Hermann Qainn. . 
 *Henry Racine 
 
 Richard Welcott. . 
 
 John Reilly 
 
 Frank Dunlap. . . . 
 
 Cash 
 
 Bills Receivable.. . 
 
 Bills Payable 
 
 Mortgage Payable 
 
 Merchandise 
 
 Western U. T. St'k 
 
 Ship Catharine... 
 
 Bank Stock 
 
 Real Estate 
 
 U. S. Bonds 
 
 Profit and Loss. . . 
 
 Insurance 
 
 Int. and Prem. . . . 
 
 Office 
 
 1600;— 
 2720 — 
 274166 
 
 20411,60 
 
 2100 — 
 
 14620 — 
 
 1100 — 
 
 17720 — 
 
 2110 — 
 
 1200 — 
 
 300 — 
 
 66 — 
 
 860 — 
 
 67429 
 
 2027213 
 
 2027213 
 
 4100 — 
 
 6626 — 
 
 8160;— 
 9000 — 
 
 INVENTORY 
 
 Of properties on hand June 30, 1876. 
 
 Cordage — 
 
 Manila 30000 lbs. @ 15c. 
 
 Bolt Rope Yams.. 14000 " @ 16c.i 
 Tarred Manila... .11000 '^ @ 14cJ 
 
 Sisal Rope 15000 " @ lie. 
 
 Russian Hemp, Tarred, 18000 lbs. I 
 
 (^ 14c.' 
 American *• " 80000 lbs!j 
 
 @, 14c.' 
 Russian Bolt Rope, 22000 lbs. @ 17c! : 
 
 House and Lot in West Street, valued •. , 
 
 Ship Catharine, valued , 
 
 30 Shares Western U. T. Stock @ $72 
 
 11 " East River Bank Stock @ 100 
 
 $2000 U. S. Bonds. 5-20 @ 113 
 
 4600 
 2240 
 1540 
 1650 
 
 2520 
 
 4200 
 3740 
 
 i 20390- 
 
 '[ 18000 — 
 ; 1.5000 — 
 
 - 2160- 
 1100- 
 
 - 2260 — 
 
 26 67429 26 
 
 BOOK-KEEPER'S MEMORANDUM. 
 Outside Resources. 
 
 Office and Warehouse Fixtures. . . .$600 [ 
 
 Stationery, $20; Stamps, $20 40 to Of-' 
 
 fice account 
 
 Rent due for House in West Street 
 
 As per advice, Net Proceeds of Ship Catharine,} 
 
 realized, but not yet received | 
 
 Outside Liabilities. 
 7 ^ Interest on Mortgage Pay, for two months. . 
 Credit Balance of Interest in the Account Cur- 
 rent with John Reilly 
 
 640 
 160 
 
 300 
 
 1051— 
 
 64i— 
 
28 
 
 Tl,, ^ TRIAL BALANCE VTT 
 
 -Z^«w rorA:, September 30, 1876. 
 
 ♦Anthony Hughes 
 •Bernard Mattison 
 ♦Christian Newman 
 Sundry Creditors 
 
 Cas°h '^ ^^^^^'^ • • • • • 1101770 
 
 BillsReceivk'bi;: .' .* '. ^t^J ^ 
 
 Bills Payable ... : i '^^~ 
 
 Mortif age Payable.... , , 
 
 Merchandise I 7oin_ 
 
 I Shipment of Mess Pork '.'l "o« —I 
 
 Sliipment of Barley 
 
 Adventure to Kingston! * .* 
 
 Real Estate... 
 
 R.R. Stock.. .'..*.".'; 
 
 Continental BankStwk'.l 
 
 U. S. Bonds I 
 
 Commission '. . 
 
 Interest and Premium. .* * 
 
 Insurance i /»oa 
 
 Expense rx"i~ 
 
 Office l20i— 
 
 INVENTORY 
 
 Of properties on hand, September 30, 1876. 
 
 il^^iiSSJl'R^*^°^^l^^^»"» Cotton,! I [ 
 
 ^ 1050—' 
 
 15000 lbs... 
 QAi 40 bales Alaban 
 
 .8o! 
 
 @ lie. 
 
 IoTSw? 1 "^'^ Middl'g C!ottor 
 
 80 bales New 6;ieans- M?ddVit 
 Cotton, 24000 lbs.... ©nl'e^ 
 
 1850 — 
 24151— 
 
 2760 — 
 
 8175 
 24000 
 
 96-j 
 
 I I 
 2024—, 
 23615 — 
 3100 — 
 1000 — 
 3387 — 
 
 House and Lot i„ West Street, valu^ 
 50 Shares u. Pac. R.H. Stock... .@ 
 
 tmOvlTX^l.^"^.^"-^-® m 1020 
 
 4719— 50 Shares U. Pac HH Tj/^Tt' ^ . , 
 
 12000- 15 " Contin'entVBa^r^---® *<«' «>* 
 
 rdTnt'ure'to^i^n^.^iin': ^'^^ ®"«*| 8405 
 
 135 — 
 
 202^ 
 
 ; BOOK-KEEPER'S MEMORANDUM 
 
 ! T^^ 1 . ^^«^»« Resources. 
 
 , l^"Vr&-! P^^^ ^n advance for 
 
 52 - ^"^ Offi*"^ Warehouse* * Fixtu'res/ to^ 
 143- n..?®ffvJ^^^«»^"t ; '%^ 
 
 One month's rent due on housiVn West s7 
 rf;^ Dividend on U. p«c R R c* u ? * 
 clared,butnotycH^id.\ \.^.^.'^^ ^"- 
 
 72388 50 
 
 72S8ft'5n 7^T ♦ r , ^™i»E Liabilities. 
 72388 50 5.f^l°t;/or three mon^ 
 
 I lax for improvements on Houslin We^i 
 ______J!Street, assessed, but not vet Jm ^' 
 
 1100 — 
 140!— 
 
 150 — 
 
 210 — 
 
 Style of firm : 
 
 TRIAL BALANCE XIII 
 O. Stafford & Co." ^ 
 
 not yet paid I 240 _- 
 
 i^'^B -i^^.S^--« - W-S£^"„ »«0 Le« t-r^^^^^^^^^^^ 
 
 gains and 
 
 Brooklyn, October 31, 1876. 
 
 Osborn Stafford.. 
 Julius CTiat field ... 
 Thomas Scliuvler. ... 
 Wm. Stevenson... 
 Sundry Creditois 
 Sundry Debtors . . 
 Cash 
 
 Bills Receivable 
 
 Bills Payable .... 
 
 Merchandise 
 
 Shipment of Linseed Oil 
 Adventure to Antwerp. .* 
 
 Adventure to Galveston. 
 Oil Depot and Refinery 
 
 Dock Yard 
 
 Mortgage Payable. ' . " * 
 
 BrigSimflower 
 
 Live Stock 
 
 De^tandRef'ryE^uip'Vs." 
 
 Supplies. ../.....,,'/ 
 Wages ' * 
 
 Commission and Guaranty 
 Interest and Premium 
 
 Taxes " 
 
 Insurance 
 
 Expense. ... 
 
 Office 
 
 15980 — 
 31400 — 
 15760 — 
 
 28415 60 
 
 ! I 
 
 5215 — 
 
 185- 
 
 32000—* 
 
 24000 — 
 
 Or^ 
 
 50968 
 38226 
 25484 
 12742 
 12740 
 
 24 
 
 18 
 12 
 06 
 
 14829 
 
 I INVENTORY 
 
 Of properties on hand, October 31, 1876. 
 
 »^^w C otton Seed Crude Oil. 
 
 'to " SprT<^-<'?«'.l»i^, 
 
 Oil ^'■'"^* Northern ^26000 _ 
 
 9000 gali. CVude Fiah bii i .faT ' """ " 
 Adventure to Antwerp 
 
 21601— I 
 2520- 
 
 2340i— ,30220 
 
 — j Oil Depot and Refinery JJH^ 
 
 'I>ock Yard ^ 82000 
 
 240001 
 
 942 — Brig Sunflower. 
 
 860f - 
 
 8600 — 
 720 — 
 
 4350 — 
 
 1650 — 
 740 — 
 
 2415 — 
 418 — 
 
 1125 — 
 342 — 
 810 — 
 
 18000 — 
 
 194 — 
 
 174125 60 174125 60 
 
 BOOK-KEEPER'S MEMORAND^ 
 Outside Resources. 
 "k&'^^«^"l— 'o--of| 
 
 2 Work-Horses.;;: ,' 
 
 ITwoJIorse Wagonancl Harness' ' ' '^2^ 
 ^ce Fixtures, to Office Account ' ' '^l 
 
 Sra:':ffSru?„^«^^-^ 
 
 ^I>ebitBalanceofirrdive;seac.^ut^^ 
 j Outside Liabhities. 
 
 Wages due to workmen tor two dars 
 
 tI± tot -«"""'•'" "^'^^"^ »"=«^«"«"i 
 T^x tor°oirfe '"^«* •"•' -' y« P*" 
 Tax for Dock Ynrd.. 
 
 420 
 720 
 
 680 — 
 
 4000 — 
 
 180- 
 
 652 — 
 
 630 — 
 429 — 
 645- 
 820- 
 240 — 
 
 29 
 
 ANSWERS TO THE FOREGOING EXAMPLES. 
 
 EXAMPLE II. Original Capital of Edw. Weldon, . 
 
 Net Gain, 
 
 Ultimate Capital, . . . $8770.— 
 
 EXAMPLE IIL Original Capital of Elliot Flamm, . 
 
 Net Gain, 
 
 Ultimate Capital, . 
 
 EXAMPLE IV. Original Capital of Chas. Salmon, . 
 
 Net Loss, 
 
 Ultimate Capital, . 
 
 EXAMPLE VI. Original Capital of D. Hartley, 
 
 Net Gain, .... 
 
 Ultimate Capital, 
 
 EXAMPLE VII. Original Capital of L W. Lyon, 
 
 Net Loss, 
 
 Ultimate Capital, . 
 
 EXAMPLE VIII. Original Capital of Sam. Putney, 
 
 Net Gain, 
 
 Ultimate Capital, . 
 
 Net Gain, 
 
 Ultimate Capital, . 
 
 EXAMPLE 
 
 XI. Original Capital of H. Gunn, . 
 i Net Loss, , . . . 
 
 . $8000.— 
 770.— 
 
 . $9000.— 
 657.— 
 
 . $9657.— 
 
 . $12600.— 
 620.— 
 
 . $11980.— 
 
 $46172.66 
 4224.12 
 
 $50396.78 
 
 $20991.^ 
 632.35 
 
 $20358.65 
 
 . $27000.— 
 658.60 
 
 . $27658.60 
 
 EXAMPLE X. Original Capital of Nathan Harris, . . . $19942.— 
 
 483.14 
 
 . $20425.14 
 
 . $20272.13 
 288.30 
 
 Ultimate Capital, . ^$19983.83 
 
 Onginal Capital of Henry Racine, . $20272 13 
 
 *^^^^««' 288:30 
 
 Ultimate Capital, . $19983.83 
 
 Ultimate Capital of the Firm, $39967^60 
 
9a 
 
 EXAMPLE 
 
 XII. Original Capital of A. Huehes, 
 I Net Gain, . . . ^ 
 
 31 
 
 $18995.80 
 236.40 
 His Ultimate Capital, $19232.20 
 
 Original Capital of B. Mattison, . $18995.80 
 fJ^etlrain, ^3^^ 
 
 His Ultimate Capital, 
 Original Capital of C. Newman, . ^407 no 
 iJNettJam, . . . . ^ ^^^^^ 
 
 $19232.20 
 
 His Ultimate Capital, $9616.10 
 
 Ultimate Capital of the Firm, $48080.50 
 
 EXAMPLE Xin. Orignal Capital of O. Stafford, . $50968.24 
 
 ANetLoss, .... 2250. 64 
 
 His Ultimate Capital, 
 Ori^nal Capital of J. Chatfield, . $38226 18 
 A Net Loss, ..... 1687:98 
 
 $48717.60 
 
 $36538.20 
 
 His Ultimate Capital, 
 
 Original Capital of Th. Schuyler, . $25484.12 
 ANetLoss, .... 112532 
 
 ^ . . , ^ ^'^ Ultimate Capital, $24358.80 
 
 Ongmal Capital of Wm. Stephenson, $12742.06 
 ANetLoss, .... 562.66 
 
 His Ultimate Capital, $12179.40 
 
 Ultimate Capital of the Firm, $121794.— 
 
 CURRENT STOCK BOOKS. 
 
 SHOWING AT ANY TIME THE GOODS ON HAND. 
 
 Since the foregoing paragraph clearly demonstrates, that the adjustment of 
 accounts can be accomplished in less than lialf an hour on the face of the Balance 
 Sheet, it is to be hoped that the old-fashioned, time-wasting usage of keeping only 
 one ledger and of closing the accounts on it will be abandoned. Thus one of the 
 principal causes that stood in the way of a prompt and seasonable production of 
 correct statements will fall to the ground. 
 
 It is now proposed to remove another obstructive cause, which is the existing 
 general practice of taking the Inventory, by bringing down from all ends of the 
 warehouse the articles unsold, and making out a list of them. 
 
 Business men and book-keepers know from experience, what annoyance it 
 causes to take an Inventory in this style, and that even with the co-operation of all 
 hands, it often takes days and weeks, to get through this disagreeable, tedious 
 work. It is the main reason, why in most houses books are closed only once a year, 
 and in some houses semi-annually, as it is quite natural, that they do not like to 
 submit to the infliction of taking the inventory oftener than once or at the most 
 twice a year. 
 
 It is also in other respects a great incumbrance, to be dependent upon taking 
 the inventory : It compels partnerships to go to the end of the year, leaves business 
 men through the whole year in ignorance of the true state of their affairs, and 
 prevents them from making desirable changes or alterations in good season. 
 
 And the greatest burden is, that the actual stock of goods on hand has no 
 other control than from observation, and that there is no knowing, unless it hap- 
 pens to come out by an accident, whether and to what extent goods have been 
 purloined. 
 
 Many houses have dearly suffered and others have come to failure through 
 this lack of control. 
 
 There is no doubt, that if this defectiveness could be removed by an arrange- 
 ment, that would stand the test, of getting a permanent, accurate control of the 
 Stock on hand, the advantages produced by such a system would be as great as 
 are now the disadvantages. Business men w^ould hold the management of their 
 affairs closely in their hands, would not be exposed to losses arising from abstrac- 
 tion of their goods, would be at any time in the position to order a Double State- 
 ment of the true condition of their concern to be made out, would not be subjected 
 to the least trouble in case of a sudden death of a partner, and would always have 
 free hands to enter into partnership changes or whatever kind of alterations, con- 
 tracts or speculations. 
 
 This question of getting a permanent, accurate control of their stock on hand, 
 must often have occupied the attention of large business concerns, but it seems that 
 no one has yet perfected an nnfailing system to that effect. 
 
11 
 
 32 
 
 This question has also never been ventilated in a book on book-keeping, and 
 there is jnst the place where it should have been brought before the public.' By 
 bringing this subject upon the tapis, the author wishes to establish the fact, that a 
 permanent, accurate control of the stock on hand can be secured by introducing 
 Current Stock Books, which are kept without difficulty, and which, in consideration 
 of the extraordinary advantages they offer, should come into general use. 
 
 In looking at the tables, which, by way of exemplification, are appended to this 
 exposition, the arrangement of a Stock Book will be found very simple. 
 
 The first vertical column is for the date of the entry, the second for the referoioe to the Invoiee, 
 inward or outward, or the Requisition Paper. Then each article, being in price and quality a unit, ha» 
 its own vertical Debit and Credit column, whose head contains its name, and whether it goes by pieoet, 
 pairs, yards, pounds, bales, gallons, or hogsheads, etc. 
 
 Each article that comes into the business, with ito number in pieces, pairs, yards, pounds, bales, 
 gallons, or hogsheads, etc., is entered in the Debit side of iu respective column, and each article that goes 
 out of business, with its number in pieces, pairs, etc., is entered in the Credit side of iU respective column. 
 The difference of each column will at any time show how much of each article is on hand in pieces, 
 pairs, yards, pounds, bales, gallons, or hogsheads, etc. 
 
 This is the whole process of making entries in the Stock B(K>k, and it will 
 readily be acknowledged that the whole arrangement is very plain. There can be 
 the only imaginable objection against this system, whether it is applicable to large 
 business concerns, where there are thousands of different articles on hand. 
 
 The author has the experience that it holds good for thousands of articles as 
 well as for the few ones embodied in the table, and that it is only a matter of a 
 proper distribution of labor and of a judicious assortment of goods to carry out that 
 system on the largest scale. 
 
 Let us endeavor to show its application in a very large Retail Establishment. 
 
 The whole establishment must be divided into Departments, to be designated 
 by the letters A, B, C, D, etc. 
 
 Each is to have its own assortment of goods, and to be placed under the super- 
 vision of a chief or inspector. Each Department must be subdivided into as many 
 Sections as deemed suitable or advisable. Each Section is to have its own assort- 
 ment of goods, to be designated by the Roman Figures I., II., III., IV., etc., and 
 to be placed under a responsible Salesman. 
 
 In exactly the same manner the Stock Books are to be arranged. There must 
 be a Stock Book Office nnder the supervision of a competent head, who must have 
 as many assistants as there are Departments, and if the Departments are large, as 
 many more as required. 
 
 Each Department must have its own Stock Book marked by the letters A, B, 
 C, D, etc., and is to be placed nnder the charge of an assistant. If several assistants 
 are necessary for one Department, each is to receive a separate Stock Book with a 
 certain number of Sections, which are marked by the corresponding Roman Figures 
 I., II., III., lY., etc. 
 
 If Stock Books are to be opened, an inventory in the usual style is to be taken 
 by Sections. 
 
 33 
 
 Each Section of the establishment, as soon as finished, is to be carried to the 
 same section of the Stock Book Office, where every species of articles on hand is 
 to be entered in the debit side of the respective column. 
 
 The subsequent practice of keeping the Stock Books in current order is as 
 follows : 
 
 Each salesman, going by the Roman Figure of the Section which he represents, 
 and having his own assortment of goods, is to be provided with a small sales book 
 and sales checks, atlter the following pattern : 
 
 DEIP.A.ieTlS^EISrT' ID. 
 
 
 
 Section X. 
 
 Sold January 9th, 1875 : 
 
 25 Yards Irish Poplin @ $0.80 
 
 80 " " •* @ 1.00 
 
 J. ELLSWORTH, 
 
 Salesiium. 
 
 
 20 
 30 
 
 i 
 
 50 
 
 To facilitate assortment of the 
 gales books and sales checks, they 
 might be printed on colored paper, 
 each color representing a di^rent 
 Department. 
 
 The salesman records each sale in his book and on the sales check. The 
 sales check, with the goods, is carried by the check-boy in the Packing Department, 
 where the goods pass inspection, is then delivered with the mtmey to the cashier, 
 near the Packing Department, who files it according to the color of the Department. 
 
 Every hour, or as often every day as desired, the sales checks are taken from 
 file of the cashier and carried to the Stock Book Office, where they are distributed 
 by the head, according to their color, among the different assistants, who again assort 
 them among themselves, according to the position of their sections, and enter the 
 articles sold to the credit side of the respective columns. The sales checks, when 
 entered, are to be check-marked, and then placed on file by Sections, for eventual 
 future reference. 
 
 To ]>revent multiplication of entries, and to save thereby space on the Stock 
 Books, the sales checks might in the course ot the day be only assorted, and the 
 figures of one and the same article added on loose sheets, thus giving every day only 
 one entry. 
 
 At closing business every salesman, before leaving, is to deliver his sales book, 
 which is to go at once to the Stock Book Office, where it is compared with the 
 entries made on the books, and if found correct, check-marked and given back to 
 the salesman next morning before opening business. 
 
 In this way each Section of the Stock Books will show every day the exact 
 figures of goods sold in each Department and by each salesman. 
 
 In exactly the same manner the daily returns in money can be kept evident by 
 the Stock Book Office, since each of its assistants, while bringing down the figures 
 of goods, can as well record on extra sheets all sums of money realized by each 
 salesman. The sections having one and the same cashier, are then put into an 
 *^g''®gate, which will represent the exact amount to be delivered by each cashier at 
 the close of each day's business. 
 
34 
 
 35 
 
 If any salesuian k short in any kind of gooils he is to make reijnisition to his 
 cliief, Avliose dnty it is, to see in the Stock Book Office, whether the requisition is 
 in agreement with the Stock Books. 
 
 There must be for^every large Reta'fl Estabh'shment a Wholesale Department 
 or a Magazine, from where the supply is to be drawn. 
 
 This Department or Magazine, after liaving delivered the goods and made its 
 entry upon its own books, will pass the retpiisition papei-s to the Stock Book Office* 
 where the goods are entered on the Stock Books as received in the Debit side of 
 the respective column of the respective section. 
 
 The reipiisition paper is then sent back to the Magazine or Wholesale Depart- 
 ment to be kept there on iile, and a copy of it might be taken and retained in the 
 Stock Book Office. In this manner the Debit side of each article on the Stock 
 Book will always show how much of it in pieces, paii-s, yards, pounds, bales, etc., 
 every salesman has received, and the credit side will show, liow much of it in 
 pieces, etc., he has sold. The difference will show how much of each article must 
 every day be in the hands of the salesman. 
 
 From time to time the chiefs of Departments are to take down from the Stock 
 Books the balances of goods on hand in their sections, and to pass inspection, 
 whether the goods in the hands of the salesmen respond with the iigures on paper. 
 Should they not respond, the head of the Stock Book Office is to be .notified of the 
 fact, and the columns of the respective section on the Stock Books are to be sub- 
 jected to a close review with the respective sales l>ook and sales checks. If the 
 Stock Books are found correct, the missing articles musf be entered to the credit 
 side of the respective columns, and proper measures can be inaugurated against the 
 respective salesman. 
 
 Under so strict proceedings every embezzlement of goods must at once be 
 detected, and if it becomes known in an establishment, that every section is placed 
 under so close a control, and that each step is watched in an unseen way, every 
 member will be very careful in all his actions, and the greatest attention will be 
 paid to the goods on hand. 
 
 An establishment under proper heads, thus regulated and managed, must 
 prosper, and will be richly indemnified for the expense of keeping a Stock Book 
 Office, not to speak of the inestimable advantage of being always ready, to produce 
 a Double Statement of the condition of its affairs. 
 
 In smaller establishments the Stock Book Office can be placed under the 
 management of the book-keeper. One clerk only is employed to assort the sales 
 checks during the day, and to add the figures concerning one and the same article 
 together, and the entries are mad© after closing hours, by the book-keeper himself 
 and his assistants. 
 
 Large manufacturing establishments ought to keep a magazine, into whicli are 
 to pass all goods received, and out of which the supply of the different departments 
 ought to take place. 
 
 For such a Magazine Stock Books are kept in the same way as for Wholesale 
 Departments or Magazines of a large Retail Establishment. Every article received 
 is entered in the Debit side of its respective column from the Invoices, and every 
 article passed into the workshops or retail establishment entered into the Credit 
 side of its respective column from the requisition papers, which remain on file in 
 the Magazine or Wholesale Department. 
 
 •\ 
 
 Wholesale houses having no retail branches of their own, will keep the Stock 
 Books by entering each article received from the Invoices inward, and each article 
 delivered from the Invoices outward, as can be seen in the second table. 
 
 It is here the place to mention that there could be no better measure for the 
 government of the United States to secure a full control of its arsenals, navy yards> 
 and other establishments, than the introduction of Current Stock Books, with a 
 regulation how to keep the stock in conformity with them, in order to afford an 
 easy and quick inspection. 
 
 The following table illustrates the arrangement of a Current Stock Book in a 
 Retail Establishment. 
 
 The space does not allow to present a Stock Book on a larger scale, but the 
 principles and designs involved in keeping a Stock Book with a smaller number of 
 articles are the same as in keeping Stock Books for larger establishments, the work 
 there being so subdivided, that most of their sections will contain less articles than 
 the following table. 
 
36 
 
 ill 
 
 m 
 
 i -lit. 
 
 CTTRREISrT STOCK BOOK. 
 
 37 
 
 
 » 
 
 g 
 
 o 
 
 ^ 
 
 ^ 
 
 go 
 
 
 b 
 
 
 H 
 
 
 » 
 
 OD CO 
 
 
 1875. 
 
 w a 
 se: 
 
 SEOTIOlSr I. 
 
 December 1. 
 1. 
 
 «« 
 
 «( 
 
 tt 
 
 2. 
 
 3. 
 
 4. 
 
 6. 
 
 7. 
 
 8. 
 
 9. 
 10. 
 11. 
 13. 
 14. 
 15. 
 16. 
 17. 
 18. 
 
 10. 
 20. 
 
 21. 
 
 22. 
 
 23. 
 
 24. 
 
 27. 
 
 28. 
 
 29. 
 
 30. 
 
 31. 
 
 On hand 
 
 j Requisition 
 i Sales Checks 
 j Requisition.. 
 ( Sales Checks 
 j Requisition.. 
 I Sales Checks 
 i Requisition.. 
 } Sales Checks 
 j Requisition . . 
 1 Sales Checks 
 j Requisition . 
 (Sales Checks 
 j Requisition. 
 i Sales Checks 
 j Requisition.. 
 I S lies Checks 
 \ Requisition, 
 i Sales Checks 
 j Requisition 
 i Sales Checks 
 j Requisition.. 
 /Sales Checks 
 j Requisition . . 
 ( Sales Checks 
 i Requisition 
 'li Sales Checks 
 j Requisition . . 
 (Sales Checks 
 j Requisition.. 
 (Sales Checks 
 (Requisition.. 
 ( Sales Checks 
 
 On hand 
 
 j Requisition.. 
 ( Sales Checks 
 j Requisition.. 
 (Sales Checks 
 j Requisition 
 ( Sales Checks 
 j Requisition.. 
 ( Sales Checkti 
 j Requisition.. 
 ( Sales Checks 
 j Requisition.. 
 ] Sales Checks 
 
 Requisition . . 
 
 Sales Checks 
 
 Requisition.. 
 
 Sales Checks 
 j Requisition.. 
 ( Sah'8 Checks 
 jRt-quisifion. 
 ( Sah'8 Clierkn 
 
 Calf Boot. 
 
 Dr. 
 
 18 
 
 18 
 
 18 
 
 Inventory of frooda in the 
 hands of Salesmen, Dec. 31. 
 
 6 
 
 18 
 
 18 
 
 36 
 18 
 
 French Lemoine ' Orain 
 Calf BootjCalf Boot. Hapoleon. 
 
 Orain 
 Enamel'd. 
 
 ak,tm:eivt a. 
 
 20 
 
 Cr. 
 
 1 
 6 
 
 3 
 2 
 4 
 1 
 7 
 2 
 3 
 2 
 9 
 
 5 
 
 8 
 
 2 
 
 9 
 
 6 
 5 
 
 8 
 -16 
 
 19 
 
 Dr. Cr. 
 
 10 
 
 18 
 
 18 
 
 Dr. 
 
 15 
 
 18 
 
 3 
 2 
 12 
 4 
 1 
 3 
 1 
 
 8 
 3 
 1 
 
 7 
 4 
 3 
 
 7 
 
 18 
 
 18 
 
 5 i 
 
 18 
 
 18 
 
 4 
 
 a 
 
 2 
 5 
 
 14 
 i 6 
 
 18 
 
 18 
 
 Cr. I Dr. 
 
 1 
 2 
 4 
 7 
 2 
 1 
 1 
 3 
 4 
 5 
 1 
 3 
 
 5 
 
 5 
 2 
 5 
 
 24 
 
 Cr. 
 
 12 
 
 12 
 
 12 
 
 2 
 
 ^ I 
 4 
 
 13 I 
 
 i 
 
 24 
 
 
 
 18 
 
 
 ' 1 
 
 
 5 
 
 
 6 
 
 18 
 
 
 , 
 
 
 
 i n 
 
 
 9 : 
 
 36 
 
 1 36 
 
 
 24 
 
 
 14 j 
 
 12 
 
 
 
 21 
 
 14 
 
 , 10 
 
 
 14 
 
 
 20 
 
 1 
 
 2 
 6 
 2 
 4 
 2 
 3 
 1 
 6 
 2 
 4 
 
 •> 
 
 o 
 
 I 1 
 
 i 2 
 3 
 3 
 5 
 6 
 7 
 9 
 
 Dr. 
 
 16 
 
 12 
 
 12 
 
 Cr. 
 
 12 
 
 7 
 
 12 
 
 
 13 
 
 2 
 
 1 
 
 5 
 
 3 
 
 2 
 
 8 
 
 5 
 
 8 
 
 7 
 
 4 
 
 1 
 
 2 
 
 3 
 
 1 
 
 3 
 
 4 
 1 
 2 
 1 
 4 
 
 Patent 
 
 Leather 
 
 Boot. 
 
 Women's ' Women's Women'i 
 lace. Calf. Orain. 
 
 Boots. 
 
 Bus clns. 
 
 FJi^:EtB. 
 
 Dr. 
 
 20 
 
 24 
 
 12 
 
 12 
 
 24 
 
 24 
 
 9 
 24 
 
 24 
 
 24 
 24 
 24 
 24 
 
 Cr. li Dr. 
 
 6 
 
 18 
 
 5 
 6 
 3 
 
 14 
 5 
 6 
 4 
 9 
 5 
 
 10 
 6 
 7 
 6 
 8 
 4 
 9 
 
 36 
 
 86 
 
 !i 
 
 36 
 
 32 
 
 5 
 4 
 
 8 
 11 
 19 
 12 
 14 
 11 
 21 
 80 
 
 36 
 
 Cr. 
 
 Dr. 
 
 4 
 
 8 
 3 
 18 
 7 
 9 
 5 
 8 
 7 
 14 
 4 
 5 
 6 
 4 
 2 
 8 
 
 6 
 4 
 2 
 1 
 
 13 
 2 
 4 
 6 
 8 
 21 
 
 14 
 36 
 
 36 
 36 
 
 36 
 
 36 
 
 36 
 
 36 
 
 28 
 36 
 
 36 
 
 36 
 36 
 36 
 36 
 
 32 
 
 Cr. 
 
 12 
 9 
 15 
 29 
 9 
 18 
 12 
 18 
 19 
 25 
 9 
 11 
 14 
 15 
 16 
 17 
 
 14 
 11 
 16 
 20 
 21 
 17 
 18 
 25 
 82 
 38 
 
 Dr. 
 
 8 
 60 
 
 60 
 
 60 
 
 60 
 
 60 
 
 60 
 
 Cr. 
 
 8j 
 
 7 
 
 6 
 14 
 12 
 11 
 
 9 
 
 7 
 
 6 
 17 
 
 5 
 
 9 
 
 7 
 
 8 
 
 8 
 14 
 
 >2sr II. 
 
 Women's 
 Ooat. 
 
 I 
 
 sEOTionsr iii. 
 
 Lasting. 
 
 Congress. Bnckle. 
 
 Imitation 
 Button. 
 
 Over. 
 
 Women's 
 
 Diverse 
 
 Nombers. 
 
 12 
 6 
 11 
 9 
 17 
 12 
 13 
 13 
 38 
 36 
 
 Dr. 
 
 18 
 60 
 
 60 
 
 60 
 
 17 
 60 
 
 60 
 
 60 
 
 Cr. 
 
 9 
 11 
 
 9 
 
 22 
 16 
 
 8 
 11 
 
 5 
 
 9 
 21 
 
 7 
 
 6 
 11 
 12 
 
 5 
 19 
 
 15 
 
 8 
 
 6 
 
 9 
 
 16 
 
 11 
 
 14 
 
 19 
 
 22 
 
 17 
 
 60 
 
 Dr. 
 
 36 
 
 36 
 
 36 
 
 36 
 
 36 
 
 86 
 
 12 
 86 
 
 86 
 
 86 
 
 86 
 
 89 
 
 Cr. 
 
 18 
 14 
 
 6 
 27 
 11 
 
 7 
 
 8 
 11 
 
 6 
 
 23 
 11 
 15 
 
 7 
 13 
 
 6 
 21 
 
 7 
 
 4 
 
 9 
 
 5 
 
 18 
 
 14 
 
 12 
 
 15 
 
 17 
 
 16 
 
 Dr. 
 
 22 
 
 Cr. ! Dr. 
 
 86 
 30 
 
 36 
 
 36 
 
 5 
 36 
 
 30 
 
 36 
 
 18 
 
 5 
 
 4 
 17 
 
 9 
 11 
 
 7 
 
 6 
 12 
 18 
 13 
 
 5 
 14 
 
 9 
 
 8 
 16 
 
 11 
 6 
 5 
 7 
 
 16 
 7 
 9 
 7 
 
 11 
 
 24 
 
 28 
 
 15 
 
 60 
 
 30 
 
 Cr. Dr. 
 
 30 
 
 30 
 
 30 
 
 6 
 80 
 
 30 
 
 30 
 
 30 
 
 30 
 
 6 
 9 
 
 5 
 
 25 
 
 13 
 11 
 14 
 12 
 11 
 11» 
 12 
 *7 
 
 8 
 11 
 
 5 
 21 
 
 14 
 7 
 10 
 12 
 21 
 8 
 U 
 14 
 15 
 26 
 
 18 
 
 30 
 
 30 
 
 80 
 
 Cr. 
 
 30 
 30 
 
 30 
 
 6 
 
 30 
 
 ;jo 
 
 30 
 
 30 
 
 8 
 
 I* 
 < 
 
 4 
 IG 
 12 
 
 9 
 
 7 
 6 
 
 9 
 
 O alters. 
 
 I 
 
 i 
 § 
 
 B07I* 
 
 Children's 
 
 Cair Brogans. 
 
 :pjft.iE.s. 
 
 Dr 
 
 16 
 
 Cr. 
 
 30 
 
 30 
 
 36 
 
 4 
 12 
 
 8 
 21 
 17 
 U 
 
 9 
 
 8 
 
 12 
 
 Dr. 
 
 21 
 36 
 
 36 
 
 36 
 
 Cr. 
 
 10 
 25 
 
 
 
 IG 
 
 
 
 30 
 
 
 3U 
 
 17 
 
 
 11 
 
 
 14 
 
 
 13 
 
 
 9 
 
 
 7 
 
 
 
 36 
 
 
 3G 
 
 5 
 
 
 6 
 
 
 7 
 
 
 3 ! 
 
 
 
 
 36 
 
 15 
 
 
 14 
 
 
 
 30 
 
 
 45 
 
 12 
 
 36 
 
 10 
 
 
 5 
 
 
 11 
 
 
 3 
 
 
 7 
 
 36 
 
 7 
 
 
 6 
 
 
 19 
 
 
 15 
 
 36 
 
 9 
 
 36 
 
 4 
 
 
 14 
 
 
 12 
 
 
 12 
 
 
 11 
 
 
 
 36 
 
 
 36 
 
 17 
 
 
 21 
 
 36 
 
 19 
 
 
 23 
 
 
 12 
 
 7 
 
 9 
 
 17 
 
 8 
 
 7 
 
 15 
 
 13 
 
 11 
 
 22 
 
 9 
 
 8 
 
 12 
 
 14 
 
 11 
 
 17 
 
 15 
 9 
 12 
 14 
 27 
 13 
 7 
 14 
 24 
 19 
 
 35 
 
 Dr. 
 
 17 
 
 72 
 
 72 
 72 
 
 Cr. 
 
 72 
 
 72 
 
 72 
 
 43 
 72 
 
 72 
 
 72 
 72 
 72 
 
 68 
 
 10 
 25 
 17 
 41 
 26 
 19 
 23 
 20 
 26 
 
 Dr. Cr. Dr. 
 
 44 
 60 
 
 60 
 60 
 
 60 
 
 49 
 
 25 
 31 
 22 
 50 
 29 
 21 
 28 
 19 
 31 
 
 14 
 60 
 
 60 
 
 60 
 
 Cr. Dr. Cr. Dr. Cr. 
 
 60 
 
 
 60 
 
 
 
 45 
 
 61 
 
 
 
 60 
 
 
 60 
 
 18 
 
 
 23 
 
 
 24 
 
 
 17 
 
 
 19 
 
 00 
 
 24 
 
 
 22 
 
 
 31 
 
 
 21 
 
 
 16 
 
 
 
 60 
 
 
 60 
 
 44 
 
 
 41 
 
 
 
 55 
 
 
 48 
 
 23 
 
 60 
 
 32 
 
 
 15. 
 
 
 17 
 
 
 19 
 
 
 23 
 
 60 
 
 23 
 
 60 
 
 15 
 
 
 48 
 
 60 
 
 64 
 
 
 17 
 
 
 21 
 
 
 19 
 
 
 29 
 
 
 
 60 
 
 
 60 
 
 35 
 
 60 
 
 41 
 
 
 70 
 
 
 54 
 
 
 
 eo 
 
 
 60 
 
 06 
 
 
 70 
 
 
 9 
 27 
 16 
 42 
 29 
 17 
 16 
 21 
 15 
 38 
 15 
 12 
 17 
 14 
 12 
 26 
 
 16 
 
 9 
 
 7 
 
 6 
 
 27 
 
 14 
 
 18 
 
 25 
 
 32 
 
 48 
 
 26 
 
 25 
 
 48 
 
 48 
 48 
 
 48 
 
 48 
 
 48 
 
 16 
 20 
 12 
 36 
 17 
 
 9 
 15 
 
 7 
 16 
 29 
 17 
 14 
 16 
 20 
 16 
 24 
 
 29 
 48 
 
 48 
 48 
 
 48 
 48 
 48 
 
 19 
 16 
 13 
 21 
 49 
 24 
 20 
 34 
 42 
 52 
 
 27 
 
 18 
 60 
 
 60 
 
 60 
 
 60 
 
 57 
 
 60 
 
 60 
 
 60 
 
 11 
 
 15 
 
 9 
 
 21 
 
 11 
 
 9 
 
 6 
 
 8 
 
 19 
 
 16 
 
 9 
 
 6 
 
 8 
 
 9 
 
 15 
 
 11 
 5 
 7 
 12 
 34 
 16 
 12 
 21 
 27 
 86 
 
 56 
 
 •liii'iiiniiMiririni 
 
 "^ •- *^ 
 
 ( 
 
.1 i 
 
 t 
 
 38 
 
 CURRENT STOCK BOOKS IN WHOLESALE HOUSES. 
 
 Any concern whose administration is not so organized as to offer proper safe- 
 guards against fraud and errors, is based upon a shaky ground, and no business 
 man should fail to secure for his establishment a solid system to that effect. 
 
 The best system for large business houses to erect proper checks against fraud 
 and mismanagement, is to create executive departments and to place them under 
 strict resj)onsibility to a controlling power. 
 
 We have seen that principle worked out in the foregoing paragraph on the 
 conduct of large Retail Establishments, where the salesmen with their chiefs act 
 as executive officers, and are subjected to the strictest control, exercised by the 
 Stock Book Office. 
 
 A similar arrangement must prevail in Wholesale Houses, if they wish to obtain 
 and to enjoy the advantages derived from an accurate control of their stock on 
 hand. 
 
 The whole complex of goods, according to the extent of business and quantity 
 of articles, must be divided into well assorted sections, and each section placed 
 under the responsibility of a storage clerk, who is not only to execute the orders, 
 but also to keep every thing so packed, stored and systematically arranged, that an 
 easy inspection of any species of goods can bo had at any time. 
 
 The orders when executed remain on file with him, and he ought also to keep 
 extracts from the invoices of all goods coming into his section, for his legitimation, 
 A partner of the firm, or a competent, reliable man is to act as superintendent. His 
 duty is not only to distribute the orders, and to see them properly executed, but 
 particularly to exercise a seasonable control by taking from time to time balances 
 from the Stock Book, and examining whether the actual stock in the hands of the 
 storage clerk agrees with them. 
 
 If it should not agree, t^ose investigation is to be instituted, to detect the 
 nature of the deficiency. It is not necessary to inspect always all goods on hand ; 
 the examination of a few articles at a time will suffice to keep up the necessary 
 watchfulness; and especially the examination of all articles running short, will 
 satisfactorily secure the desired control. 
 
 The Stock Book in a wholesale house is closely connected with the office of the 
 book-keeper, since all entries in it are made from the Invoices or Bills of Parcels, 
 Inward and Outward, which appertain to this office. 
 
 The Stock Book should therefore be placed under the direct supervision of the 
 book-keeper ; and, in most cases, one competent entry clerk will be sufficient to 
 keep it in running order. 
 
 The same business line as that in the foregoing paragraph has been chosen for 
 exemplification, to afford the opportunity of easier distinguishing the difference of 
 the arrangement in a retail establishment and a wholesale house. 
 
 The following are the purchases and sales entered in the given schedule, whose 
 columns follow each other in the order in which the articles have come into 
 business. 
 
 It will not require any entry clerk in a house of similar proportions, since the 
 book-keeper can well afford to make the necessary entries himself. 
 
 39 
 
 SEPTEMBER, 1876. 
 
 I. 
 
 Invoice Inward, No. 1. 10 cases, 360 pairs Calf Boot Legs. 
 
 10 " 360 " French '' " 
 Invoice Inward, No. 2. 14 " 504 " Women's Lace Boots. 
 
 14 " 504 '' '' Calf " 
 
 a. 
 
 Invoice Inward, No. 3. 12 cases, 720 pairs Women's Grain Buskins. 
 
 12 '* 720 " " Goat ** 
 
 Invoice Inward, No. 4. 8 cases, 288 pairs Lemoine Calf Boot Leg& 
 
 8 " 192 " Grain Napoleon " 
 6. 
 Invoice Inward, No. 5. 14 cases, 840 pairs Congress Gaiters. 
 
 16 « 576 '' Buckle " 
 
 8. 
 Invoice Outward, No. 1. 2 cases, 72 pairs Calf Boot Legs. 
 
 1 " 36 '' French ^- " 
 
 9. 
 Invoice Outward, No. 2. 2 cases, 72 pairs Women's Lace Boots. 
 
 4 « 144 " « Calf " 
 
 11. 
 Invoice Inward, No. 6. 20 cases, 1200 pairs Women's Gaiters, diverse number?. 
 Invoice Outward, No. 3. 2 " 72 *' Congress Gaiterss. 
 
 3 " 108 " Buckle *' 
 
 12. 
 
 Invoice Inward, No. 7. 8 cases, 192 pairs Grain Enameled Legs. 
 
 14 « 336 « Patent Leather Boots. 
 14. 
 Invoice Outward, No. 4. 4 cases, 240 pairs Women's Gaiters, diverse numbers. 
 
!i' 
 
 40 
 
 15. 
 
 Invoice Outward, No. 5. 2 cases, 72 pairs Lemoine Calf Boot Legs. 
 
 m 
 
 2 " 48 " Grain Napoleon 
 
 (( 
 
 Invoice Inward, No. 8. 
 
 Invoice Outward, No. 6. 
 
 16. 
 
 8 cases, 288 pairs Imitation Button Gaiters. 
 10 ^' 600 *' Lasting Gaiters. 
 4 " 240 " Women's Grain Buskins. 
 
 (( 
 
 240 " 
 
 18. 
 
 C( 
 
 Goat 
 
 u 
 
 Invoice Outward, No. 7. 2 cases, 72 pairs Calf Boot Legs. 
 Invoice Inward, No. 9. 15 " 1080 " Over Gaiters. 
 
 41 
 
 26. 
 
 Invoice Outward, No. 12. 3 cases, 108 pairs Balmorals. 
 
 2 " 72 *' Oxford Ties. 
 
 26. 
 
 Invoice Outward, No. 13. 4 cases, 192 pat^s Boys' Calf Brogans. 
 
 2 ** 120 " Women's Grain Buskins. 
 
 3 " 108 " •* Lace Boots. 
 
 28. 
 
 Invoice Outward, No. 14. 5 cases, 300 pairs Women's Gaiters, diverse numbers. 
 
 4 " 240 " Kid Slippers. 
 
 15 
 
 (( 
 
 900 " Kid Slippers. 
 19. 
 
 Invoice Inward, No. 12. 
 
 Invoice Outward, No. 8. 3 cases, 180 pairs Women's Gaiters, diverse numbers. 
 
 2 '* 144 " Over Gaiters. 
 
 21. 
 
 Invoice Inward, No. 10. 8 cases, 288 pairs Balmorals. 
 
 12 " 432 " Oxford Ties. 
 Invoice Outward, No. 9. 4 " 144 * Imitation Button Gaiters. 
 
 1 " 60 " Lasting Gaiters. 
 
 22. 
 Invoice Outward, No. 10. 2 cases, 72 pairs French Calf Boot Legs. 
 
 2 " 72 " Lemoine " " 
 
 29. 
 
 6 cases, 216 pairs Lemoine Calf Boot Legs. 
 6 " 144 ^ Grain Napoleon ** 
 
 Q u 144 « « Enameled " 
 8 " 192 " Patent Leather Boot Legs. 
 
 30. 
 
 Invoice Outward, No. 16. 2 cases, 96 pairs Children's Calf Brogans. 
 
 4 « 288 " Over Gaiters. 
 
 (( 
 
 (( 
 
 2 « 48' " Grain Napoleon 
 
 23. 
 
 Invoice Inward, No. 11. 12 cases, 576 pairs Boys' Calf Brogans. 
 
 16 « 960 « Children's Calf Brogans. 
 Invoice Outward, No. 11. 1 " 24 " Grain Enameled Legs. 
 
 4 96 " Patent Leather Boots. 
 
*( 
 
 III 
 
 ;i 
 
 42 
 
 DATE. 
 
 1876. 
 
 September 1 . 
 1. 
 2. 
 4. 
 6. 
 8. 
 9. 
 
 H 
 
 M 
 
 o . 
 
 > Q 
 
 ^ < 
 
 o m 
 
 1— • 
 
 6 
 5Z5 
 
 (t 
 
 «( 
 
 «< 
 
 (« 
 
 11. 
 
 13. 
 
 14. 
 
 15. 
 
 16. 
 
 18. 
 
 19. 
 
 21 
 
 23 
 
 23. 
 
 35. 
 
 8 
 4 
 5 
 
 6 
 
 8 
 
 9 
 
 10 
 
 11 
 
 
 Calf. 
 
 French Women's 
 
 Calf. 
 
 Soot ILieipeu 
 
 Lace. 
 
 Women's Women's < Women's 
 
 Calf. 
 
 Soots. 
 
 Grain. ; Goat. 
 
 Susklns. 
 
 Lemolne ! Grain | n^-p-^ 
 Calf Boot. Hapoleon. ^""'9'^^ 
 
 43 
 
 CTJRREl^T SrOCK BOOK. 
 
 Bnekle. 
 
 C alters. 
 
 JPJ^JTT^JB. 
 
 Br. 
 
 360 
 
 1 
 8 
 8 
 
 6 
 
 8 
 
 9 
 
 10 
 
 11 
 
 18 
 
 «« 
 
 26. 
 
 
 18 
 
 *t 
 
 28. 
 
 
 14 
 
 « 
 
 39. 
 
 12 
 
 
 (< 
 
 30. 
 
 • 
 
 16 
 
 September 30, on hand. . . 
 
 Cr. 
 
 Dr. Cr. 
 
 360 
 
 73 
 
 Dr. 
 
 Cr. 
 
 88 
 
 73 
 
 504 
 
 Dr. 
 
 Cr. 
 
 504 
 
 73 
 
 73 
 
 Dr. 
 
 Cr. 
 
 144 
 
 720 
 
 Dr. Cr. 
 
 106 
 
 730 
 
 Dr. 
 
 388 
 
 340 
 
 340 
 
 Cr. Dr. 
 
 130 
 
 192 
 
 Cr. 
 
 73 
 
 Dr. 
 
 840 
 
 Cr. 
 
 Women's 
 
 Diverse 
 
 VomberSi 
 
 Grain ! Patent Imitation T--ti-- 
 Enamel'd. Leather. Button. *^''*^- 
 
 Ueipsu Soots. 
 
 Oyer. 
 
 Oalters. 
 
 Kid. 
 
 Slippera 
 
 i 
 
 I 
 
 Boys' 
 
 Children's 
 
 Calf Broeans. 
 
 -^j^jrsjs. 
 
 FJ^x:Ei;B. 
 
 h-. 
 
 48 
 
 72 
 
 316 
 
 48 
 
 72 
 
 Cr. 
 
 (76 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 108 
 
 1200 
 
 144 
 
 340 
 
 180 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 193 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 336 
 
 Dr. 
 
 Cr 
 
 Dr. 
 
 Cr. 
 
 388 
 
 34 
 
 800 
 
 96 
 
 600 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 144 
 
 144 
 
 192 
 
 60 
 
 1080 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 144 
 
 900 
 
 388 
 
 388 
 
 240 
 
 108 
 
 433 
 
 72 
 
 576 
 
 960 
 
 192 
 
 316 
 
 252 
 
 324 
 
 360 
 
 26:) 
 
 480 
 
 360 
 
 240 
 
 768 
 
 468 
 
 480 
 
 812 
 
 482 
 
 144 
 
 540 
 
 648 
 
 660 
 
 180 
 
 360 
 
 384 
 
 8641 
 
I' 
 
 I I 
 I I 
 
 
 i 
 
 I 
 
 44 
 
 PROCEEDINGS 
 
 IN A WELL ORGANIZED OFFICE, IF THE BALANCE SHEET 18 TO BE PRODUCED AT 
 
 A moment's NO^nCE. 
 
 The book-keeper of every business concern ought to make out the actual cost 
 of each article at the time when received, to record it in some tabular form, and to 
 hold it ready for any emergency. 
 
 He is also bound to keep a current memorandum of all outside Resources and 
 Liabilities, in the way explained on pages 12 and 13. 
 
 If in addition to this. Current Stock Books have been kept as described in the 
 foregoing paragraph, there will be every thing on hand to produce the Balance 
 Sheet at short notice. 
 
 Suppose in a business, where reliance can be placed upon the book-keeper and 
 his office, the proprietor or partners decide that the Double Statement of the real 
 condition of their affairs is to be made out to-day, and a copy of it to be presented 
 to each partner the next morning. 
 
 From the moment the order is given, the whole office is at once put in motion 
 to accomplish the end. 
 
 The clerks having charge of the Ledgers take down the differences and arrange 
 the Trial Balance. 
 
 The clerks in the Stock Book Office bring down the balances of their columns 
 and furnish the inventory of goods on hand in Sections. 
 
 Trustworthy assistants provide the sections with the actual cost of each article 
 from the book-keeper's tabular form, and make out the necessary calculations. 
 
 Then the footings of all sections are brought into one aggregate, which 
 will be the total amount of goods on hand. 
 
 One or two of the partners make out an inventory of Bonds, Stocks, or Deeds 
 in the safe. 
 
 During all this time the book-keeper is engaged to perfect his memorandum of 
 Resources and Liabilities, lying outside of the Ledger. He makes out the interest 
 pending on Notes or Mortgages, or in Accounts Current, and closes all consign- 
 ments and Merchandise Companies, if there be any. 
 
 Should there not be many of this kind of Resources and Liabilities, he will 
 devote his spare time to superintend the work of others, or to help wherever 
 needed. 
 
 A schedule of the Balance Sheet is ruled and superscribed in as many copies 
 as there are partners, and the Trial Balance copied into it as soon as made out, 
 with all Debtors under the Title Sundry Debtors and with all Creditors under the 
 Title Sundry Creditors. As was said on page 17, it will be a good arrangement, 
 facilitating the work, to have a separate Ledger for all Debtors, another for all 
 Creditors, daily balanced, and a third one for all property and Profit and Loss 
 accounts. 
 
 From the moment, when all the above described preparatory work is done, it 
 will not take the book-keeper more than half an liour to accomplish the Double 
 Statement on the Balance Sheet, if he has skilled himself, and acts in accordance 
 with the Rules laid down in pages 17, 18, 19. 
 
 45 
 
 Such would be the proceedings, if the Double Statement should be made out 
 at a moment's notice, but this will happen only in extreme and very rare cases. 
 
 Generally the proprietor or partners, if they decide to have the Double State- 
 ment produced, will fix upon a certain day, and enough time will be given to the 
 book-keeper and his assistants to do the preparatory work at leisure. 
 
 If it is made a standing rule that a Balance Sheet with a Double Statement is 
 to be n;ade out at the end of each month, it will become a regular routine work, 
 and all arrangements and necessary preparations will become a fixed system. 
 
 The Ledger having given the differences of all accounts, has nothing to do with 
 all these proceedings, and will remain all the time open ; and when it shall come to 
 its close at the end of the year, or when tiie opening of a new Set of Books is 
 ordered, any assistant book-keeper will forward the Balances to new account, or to 
 the new Ledger, from the Balance Sheet and the List of Debtors and Creditoi-s, and 
 will apply the closing lines, this being only a mechanical work of secondary import- 
 ance, which, when finished, can easily be controlled, by letting the assistant book- 
 keeper call up the Balances, while the hook-keej^r is reading them from the 
 Balance Sheet and the List of Debtors and Creditors. 
 
 Thus the Ledger does not need to have another function, than to give the 
 differences of its ac*counts. 
 
 The author can point out one of the greatest lithographical printing establish- 
 ments of New York, where he has introduced this system of producing a Balance 
 Sheet at the end of every month, without closing the Ledger, and where it has 
 woiked admirably and to the greatest advantage, through several years, without 
 causing the least trouble ; and there the whole work was done by the book-keeper 
 alone, without any assistance, which was simply the result of timely arrangements 
 and of proper training. ^^ 
 
■' I 
 
 i 
 
 ■ I 
 
 PART II 
 
I ! 
 
 INTRODUCTORY. 
 
 THEEE was never yet a sound, practical system of book-keeping in our mer- 
 cantile houses, owing to the general practice of using for this branch exclu- 
 sively the journal form, and of making the auxiliary books subservient to the 
 interminate process of journalizing or posting single transactions. The sales books 
 in these houses are a striking instance of monstrous diffuseness, just as if they 
 were expressly devised to extort from each sale a separate entry. 
 
 Thus thousands of entries are unnecessarily made, the books overburdened, 
 the whole machine complicated, and time and labor wasted. 
 
 In a perfect system of book-keeping, the proper and natural place for the 
 debits and credits is right in the books of original entry, where they are to be 
 80 succinctly arranged, that a view of the whole can be had at a glance, and 
 that the results can be gathered at any time and quickly led to their final 
 adjustment. 
 
 The following set of books is the embodiment of such a system. It gives 
 the results compiled in few items and the statement at the end of the month, 
 but with the same arrangement the results can be collated and the statement 
 produced at any time. 
 
 This set of Books represents the business, in the busiest month, of a New 
 York import house. 
 
 The season for importing Straw Goods runs from the beginning of November 
 to about the end of March, that for selling, from the beginning of February to 
 about the end of May. 
 
 A traveller visits Europe every year, and there makes contracts with the 
 manufacturers for a season, to send or consign goods at fixed periods, purchases 
 to be paid with drafts @ 4 months, payable in Europe. 
 
 This business is pre-eminently a cash or note business, the terms of credit 
 for sales varying according to agreement. One per cent deduction is granted 
 for notes @ 5 months, 2 % for notes @ 4 months, 3 ^ for 3 months, 4 ^ for 2 
 months, 5 J? for 1 month, 6 % for cash in 10 days, and 7 % for net. Usually 
 the deductions are made when the notes are sent in, but to avoid misunder- 
 standings and to make this set as plain as possible, the terms of credit, with the 
 corresponding deductions, are placed on the face of the invoices. 
 
 4^ 
 
 There will always be a difference in the exchange rates at the time of issue 
 and payment of foreign notes, or between the first record of foreign invoices 
 and their final payment in Federal money. It does not matter, therefore, what 
 exchange rate is used for the first record. The best is to adopt for a season a 
 steady, nominal exchange, nearest to the rate of gold at the outset. That 
 adopted in this set is 20ic. for a franc, 25ic. for a mark, and $5.15 for a pound 
 sterling, which is about equal to Par of Exchange @ 6 ^ premium on gold. 
 Such a nominal exchange saves unnecessary calculations and facilitates the first 
 record. At the time of payment the quotations of exchange, as well as those of 
 gold, are real, so are in this set the rates of custom-house duties, freights, forms 
 of invoices, etc. Only with regard to names of correspondents and customers, 
 prices, construction of the books, and the development of the results in the final 
 statement, the author has used his own judgment. 
 
 The actual condition of the concern on February 28, 1877, for the period 
 of the four months since the beginning of the season, is exhibited in the following 
 Balance Sheet. 
 
 rj I 
 
h' 
 
 50 
 
 W 
 m 
 
 O 
 
 O 
 
 ft 
 
 B4 
 U 
 
 PQ 
 
 o 
 
 > 
 
 
 OD 
 00 
 
 M 
 
 o 
 
 04 
 
 H 
 
 M 
 
 O 
 
 55 
 
 
 09 
 
 s 
 
 cooo 
 
 GO 1-1 
 
 00 
 
 IS IIS 
 
 
 ill! 
 
 IS ISW^ 
 
 tr»- 
 
 i 
 
 III I 
 
 
 IS IS 
 
 1-H i-H o as cj CI 
 
 
 ^S 
 
 8 
 
 s 
 
 I 
 
 1-H 
 
 I 
 
 o 
 
 8 
 
 S 
 S 
 
 SIS 
 
 00 
 
 STANDARD SET 
 
 !S 
 
 ISI 
 
 00 
 
 
 8 
 8 
 
 O 
 
 3 
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 OS ^ 
 
 OF 
 
 OD 
 
 ^ S 
 
 PRACTICAL BOOK-KEEPING, 
 
 REPRESENTINa 
 
 4 
 
 g 
 
 IS 
 
 
 Mill § 
 
 8§i« 
 
 I 
 
 d 
 
 
 I ir:g2 
 
 • I' OS 
 
 00 iO 
 
 o 
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 I I 
 
 IS ISg 
 
 O'^ejl.'rOO 1-tr-l 
 
 1-1 rH O OS ©I e» rfO 
 
 00 
 
 00 
 
 I 
 
 a 
 c 
 
 s ® 
 go 
 
 « c 
 
 o> 
 
 sail ;I55 
 
 OS 
 
 M 
 
 • 
 
 J4 
 
 CD 
 
 The Business of Murray & Dermont, 
 
 Importers of Straw Goods, 
 
 FOE THE PERIOD OF THE MONTH OF MARCH, 1877. 
 
 >'2 
 
 
 SSJ-^ 
 
 •^ fl 
 
 et 
 
 
 e 
 
 to 
 
 §5 
 
 a 2 
 «8 a 
 
 
 s 
 a 
 
 3 
 
 oa 
 
 s 
 
 d 
 
 A well planned method of numbering the elements of all transactions is 
 desirable in every systeip of Book-keeping, to secure against errors and frauds, 
 but particularly in this it is rigidly to be carried through, to keep up a perfect 
 connection between the elements of all books, and to produce the greatest 
 possible accuracy in the smallest compass. 
 
88 
 
 INVOICES ESTWARD, 
 
 Invoices Inward do not come under the proper head " Books." As soon as 
 they arrive, they give their elements to the Purchase Book and Current Stock 
 Book, and are then placed on Patent File, where they remain as vouchers for 
 future use. All copying being objectionable in actual business, no copy of them is 
 made anywhere, except if required for the use of the custom-housa 
 
 No. 25. 
 
 MD 
 
 Messrs. Murray & Dermont, 
 
 BuLLE Suisse, Fdmiary 13, 1877. 
 To A. Dupour & Co., Dr. 
 
 2813 
 2814 
 2815 
 2816 
 
 Shipped to you via Havre, care of P. Danzas & Lux, by order 
 of Q. M. Metway. 
 
 Frcs. 
 
 5800 pes. 7 bout Simples. 
 
 6800 " 11 " 
 
 •J" <« (( 
 
 11 ♦• 
 
 5600 " 
 5400 " 
 
 57 
 65 
 43 
 45 
 
 3306 
 4420 
 2408 
 2403 
 
 4 cases and packing. 
 Legalization 
 
 Frcs. 
 
 12564 
 20 
 
 25 
 
 12609 
 A. DUFOUR & Ck). 
 
 .. ,, . ^ Havre, February 17, 1877. 
 
 Messrs. Murray k Dermont, New York : 
 
 Obktlemen : We confirm our last, 15tb inst., of the shipment of M D 2767/2771 of A. Dufoor & 
 
 Co., and have again the pleasure of handing you Bill of Lading and charges of another shipment of 
 
 diverse braids, shipped to us by the same gentlemen, of M D 2813/2816, which we send you at a very 
 
 low freight by steamer St. Laurent leaving us this day. 
 
 We are, gentlemen. 
 
 Truly yours. 
 
 P. Danzas & Lux. 
 
 Charges on M D 2813/2816 to your Debit. 
 
 Freight from BuUe Suisse to Havre 
 
 Marine Insurance on frcs., 13000 %%% 
 
 Mending Cases 
 
 Cartage and Labor 
 
 Postages and Bill of Lading 
 
 Commission on receiving and forwarding, frcs., 12609 (^}i%. 
 
 E. & O. E. 
 
 Frcs 
 
 28 
 
 
 81 
 
 25 
 
 10 
 
 — 
 
 
 16 
 
 — 
 
 
 4 
 
 
 
 31 
 
 52 
 
 170' 
 
 1 
 
 P. Danzas & Lux. 
 
'J" 
 
 Ko. 26. 
 
 I ! 
 
 MD 
 
 Ko. d7. 
 
 MF 
 
 Ka 2a 
 
 MD 
 
 54 
 
 Mesars. Mukkat & Dermont, New York, Dr. 
 
 G. Menotti & Fkatklla. 
 
 Florence, February 14, 1877 
 
 2404 
 2406 
 2406 
 2407 
 2408 
 
 Shipped to your address, via Havre, P. Danz is & Lux, iroods for 
 your account and risk, ordered by O. M. Metway. 
 
 400 
 400 
 400 
 400 
 
 Frcs. 
 
 400 2000 doz. Leghorn Hats. @ 57._: 
 
 Certified Invoice 
 
 5 Cases and Packing. 
 
 QuisEPPE Menotti & Fratella. 
 
 ^*%^^i^?^*i!?'°^ ^^""^^ ^ ^ 2404/2408, per steamer Hammonia. Captain Foss, to 
 the Debit of Murray & Dermont. ft-* ««», i« 
 
 Freight from Florence to Havre 
 
 Marine Insurance on frcs. 114600 %%% .. \...\'.\\ 
 
 Cartages and Labor \ !..!!!. 
 
 Postages and Bill of Lading V.....\. .'.'.'..'.'.... .... 
 
 Commission on receiving and forwarding, frcs. llilOO (a ik < 
 E. &0. E. 
 Havre, Fdyruary 18, 1877. 
 
 Frcs. 
 
 60 
 
 
 
 716 
 
 25 
 
 
 26 
 
 -^ 
 
 
 7 
 
 60 
 
 
 14368 
 
 051 
 
 38 
 
 P. Danzas & Lux. 
 
 Invoice of 160 cases Straw Goods, sliipped on board the steamer Alexandria. Captain McKav 
 bound for New York and consigned to Messrs. Murray & Dermont, for sale on account 
 oi li. Menotti & Fratella. 
 
 1560/1599 @ 300 
 1600/1639 @ 200 
 1640/1679 @ 150 
 1680/1719 @ 300 
 
 .^^-- ^ Frcs. 
 
 12000 pes. Ecrue Manila ^i 40 
 
 8000 " Tape, 14/15 @ 3!20 
 
 6000 « Noir Tape. 16/17 @ 4.— 
 
 12000 " Scalcasimo @ 8.— 
 
 Certification ] 
 
 160 Cases and Packing. 
 
 16800 
 25600 
 24000 
 36000 — 
 
 Florence, Janvarp 10, 1877. 
 
 Frcs. 103225 
 O. Menotti & Fratella. 
 
 Invoice of Cost and Charges of 10 cases Black and White Braids, shipped per steamer 
 Celtic, Captain Gleadell, for account and risk of Murray & Dermont. New York under 
 the intermedium of G. M. Metway. ' 
 
 1322 
 1323 
 1324 
 1325 
 1326 
 1327 
 1328 
 1329 
 1330 
 1331 
 
 450 
 450 
 450 
 450 
 450 
 450 
 450 
 450 
 450 
 450 
 
 E. & O. E. 
 
 4500 pes. Black and Wliite, @ l/5>^ 
 
 10 Cases and Packing 
 
 Entry Bond Fees and Certificate. 
 
 Postages and Bill of Lading 
 
 Insurance on £835 @ ^ 
 
 £ 
 
 828 
 
 1 
 1 
 
 2 
 
 2 
 
 10 
 11 
 10 
 111 
 
 888 
 
 16 
 
 11 
 
 Liverpool, February 22, 1877. 
 
 Burks & Jenkins. 
 
 55 
 
 No. 29. 
 
 MD 
 
 Messrs. Murray & Dermont, New York, 
 
 To G. Menotti & Fratella, Dr 
 
 Florence, February 21, 1877. 
 
 2519 
 2520 
 2521 
 2522 
 
 2523 
 2524 
 2625 
 2526 
 2627 
 
 Braids, shipped via Havre, care of P. Danzas & Lux, for your account 
 and risk, ordered by^G. M. Metway. 
 
 410 
 
 410 
 410 
 410 1640 doz. Pedal. 
 
 Frcs 
 .@ 20.— 
 
 900 
 900 
 900 
 900 
 900 4500 pes. 40/45 Bordures @ 13.50 
 
 legalization 
 
 93550 
 
 25 
 
 9 Cases and Packing 135 
 
 Free. 98710 
 G. Menotti & Fratella. 
 
 Charges of forwarding 9 cases M D, 2519 2527, per steamer Herder, Capt. Brandt to the 
 Debit of Murray & Dermont, N. Y. » f • «*""** «* "»« 
 
 No. 80. 
 
 MD 
 
 Freight from Florence to Havre 
 
 Marine Insurance on Frcs. 94000, %%% . .... . .... '. . . .... 
 
 Cartages and liabor '[ '.'.'.'.'. 
 
 Postages and Bill of Lading 
 
 Commission on Receiving and Forwarding Frcs. 93710, @ j^ '%. 
 
 E. & O. E. 
 Havre, February 25, 1877. 
 
 Frcs. 
 
 108 
 
 
 
 587 
 
 50 
 
 
 45 
 
 — 
 
 
 7 
 
 50 
 
 
 117 
 
 14 
 
 865 
 
 14 
 
 P. Danzas & Lux. 
 
 2)iVVolb8iDatbc, ©ad)fcn, ben 24. ^hxmx 1877. 
 iln^mtiid fitr ^rrrett iRttrrii^ & l^ermoitt in ^ew ^orft, 
 
 toon ^avlig(ft6nberfl&(So., ® ip^olb^toolbc. 
 
 ©onbtc lout Orbre be« ^crm «. |tt. Prttuai) auf ^W h>ert^e a^cAnung unb ©efa^t bimb 9a, 
 mlttlunfl bet ^erren 9Bil^elm9la^j)A;go. in fiomBura: 
 
 1720 
 1721 
 1722 
 1723 
 1724 
 1726 
 1726 
 1727 
 
 1728 
 1729 
 1730 
 
 1731 
 1732 
 1733 
 
 600 ©turf aSf ii^alm, 32o. 280, 
 
 400 „ „ „ 279. iffi — 2« 
 
 320 „ ©c^toors^alm, 9«o. 270, H [35 
 
 $amBuT(( 
 
 3Rorf. 
 ^—.32 
 
 r^— .29 
 
 —.37 
 
 320 „ , „ 272,. 
 
 100 
 
 100 
 
 100 
 
 100 400 ®ut}cnb ^mcn^utc, toci§, @ 4,_ 
 
 160 
 150 
 
 1?? *5^ /r „ „ gacftg, @ 3.75 
 
 300 @tu(f ©tang^fltm, 9?o. 402, ra — 29 
 
 200 ^^ * 
 
 2C0 400 ©tu(f JRo^.Olana^alm, @ -.15 
 
 UTOcnic ... 
 
 ^onfularifd&c SeglauBigung . . . 
 
 160 
 116 
 112 
 118 
 
 1600 
 
 1687 
 87 
 
 60 
 
 40 
 
 50 
 
 Wlatt 
 
 3940 
 
 70 
 20 
 
 90 
 
 4030190 
 
 ^ax( ^4liilfr(| & f #. 
 
 ^amBuT 
 
 M D I7%b^*?7fq f^oV 1877.-@»,cfen=9lc*nunft fftr Jerren ajiurta^ &2)mnottt in 5Reto «orf, 
 M D 1720-1733, 14 iJijlcn ©tro^toaarcn, tocrlabcn toct 25aml)fct ..ffiiclanb." Kobt. fi^fci* ® 
 
 )^rad)lauetaflen Bi3 ^amturg an^^t 
 
 $ottoau^IoflCtt fur abuifo unb Sonoiff entente 
 
 <Jerf(feiffungefpefcn 
 
 S»>ebition ..'!.*.*!!!!! 
 
 ©eeofffcurnnj ' .' 
 
 police unb ©tempel ,[[ * 
 
 42 
 
 
 
 7 
 
 
 
 28 
 
 — 
 
 
 28 
 
 
 
 40 
 
 30 
 
 
 5 
 
 
 150 
 
 80 
 
 l^irfeffit 9a|ip A f 0. 
 
? 
 
 II 
 
 Ko. 31. 
 
 UD 
 
 56 
 
 Florence, February 28, 1877. 
 Messrs. Murray & Dermont, New York, 
 
 To G. Menotti & Fratella, Dr. 
 
 Skipped to your address via Havre, care of P. Danzas & Lux, for your 
 account and risk, goods ordered by G. M. Metway. 
 
 Frcs. 
 6 cases, 2691/2696 , @ 240, 
 
 1440 pes. Milan Extra, 42/45 @ 15.— 
 
 6 cases, 2697/2702, @ 400, 
 
 2400 pes. Coburg, 50/54 @ 22.— 
 
 12 cases, 2703/2714, @ 8 00, 
 
 9600 pes. Chip, 30/40 @ 9.20 
 
 8 cases, 2715/2722, @ 600, 
 
 4800 pes. ManUa, 50/54 @ 18.— 
 
 Certification 
 
 32 Cases and Packing 
 
 21600 
 52800 
 88320 
 86400 
 
 249120 
 25 
 820 
 
 Frcs, 249465.— 
 
 GuisBPPE Menotti & Fratella. 
 
 Charges of forwarding 32 cases M D, 2691/2722, per steamer Labrador. Capt. Daur^, to the 
 Debit of Murray & Dermont, New York. 
 
 Freight from Florence to Havre 
 
 Marine Insurance on Frcs. 250000, @ f^% 
 
 Cartages and Labor 
 
 Postage Stamps and Bill of Lading 
 
 Commission on Receiving and Forwarding Frcs. 249465, ^}i%. 
 
 Frcs. 
 
 384 
 
 
 1562 
 
 50 
 
 95 
 
 ^— 
 
 8 
 
 ^ 
 
 311 
 
 83 
 
 236133 
 
 E. & E. O. 
 Havre, March 3, 1877. 
 
 P. Danzas & Lux. 
 
 No. 82. 
 
 ¥ 
 
 MD 
 
 N. Y. 
 
 Invoice of 400 bales Canton Braids, shipped via Shanghae, per bark Lady Elizabeth, Capt. 
 Cobbet, bound for New York, and consigned to Messrs. Murray & Dermont, for sale on 
 account of themselves and associates. 
 
 200 bales W @ 240 
 200 " M @ 240 
 
 Gold. 
 
 48000 pes., White @ 40c. 
 
 48000 " Mottled @ 27c. 
 
 400 Bales and Packing 
 
 Consul's Certificate 
 
 Export Charges and Shipping Expenses 
 
 Gold, 
 
 $32670 — 
 
 Terms, C. O. D. to Captain Cobbet. 
 
 Additional. 
 
 3 % Marine Insurance on $34000 $1020. 
 
 FreigTit fronj Canton to Shanghae 200. — 
 
 Charter Money to Bark Elizabeth, @ $5.— per bale 2000.— 
 
 Gold, $3220.— 
 
 Canton, Nwember 14, 1876. 
 
 Connant k Faoin. 
 
 57 
 
 No. 88. 
 
 MD 
 
 Messrs. Murray & Dermont, 
 
 Bulle Suisse, March 7, 1877. 
 
 To A. DuFOUR & Co., Dr. 
 
 Shipped to your order via Havre, care of P. Danzas & Lux, 
 by order of G. M. Metway. 
 
 3231 5800 
 
 3232 5800 
 
 3233 5800 17400 7 end Simples. 
 
 3234 6800 
 
 3235 6800 
 
 3236 6800 2040011 " 
 
 3237 5600 
 
 3238 5600 
 
 3239 5600 16800 7 " " . 
 
 3240 5400 
 
 3241 5400 
 
 3242 6400 10200 11 " 
 
 Frcs. 
 
 
 12 Cases and Packing. 
 Consul's Fee 
 
 — : 37692 — 
 
 60 
 25 
 
 Frcs. 1 377771 
 A. DuFOUR & Co. 
 
 Messrs. Murray & Dermont, New York, 
 
 To P. Danzas & Lux, Dr. 
 
 Havre, March 10, 1877. 
 
 For cliarges shipping per Frisia, for New York, M D 3231/3342, 12 Cases Swiss Braids, from 
 Messrs. A. Dufour & Co. 
 
 No. 84. 
 MD 
 
 No. 85. 
 MD 
 
 Frcs. 
 
 Freight from Bulle Suisse to Havre .' 
 
 Marine Insurance on Frcs. 38000, @.%% 
 
 Drayage and Labor 
 
 Postages and Bill of Lading 
 
 Commission on Receiving and Forwarding Frcs. 37777, @,}^%. 
 
 E. & O. E. 
 
 120 
 
 
 
 237 
 
 50 
 
 
 48 
 
 — 
 
 
 8 
 
 50 
 
 
 94 
 
 44 
 
 508 
 
 44 
 
 P. Danzas & Lux. 
 
 Invoice of Straw Goods shipped on 1)oard the Adriatic, Capt. Perry, bound for New York, 
 on account and risk of Messrs. Murray & Dermont. 
 
 20 cases 1625/1644, @ 450 
 
 9000 pes. Black and White, @ 1/5^ 
 
 20 Cases and Packing 
 
 Entry Bond Fees and Certificate 
 
 Postages and Bill of Lading 
 
 Carti^es and Labor 
 
 Insurance on £680 @ %^, and Policy. 
 
 Liverpool, March 15, 1877. 
 
 £ 
 
 
 . 
 
 
 
 o 
 
 
 
 656 
 
 5 
 
 — 
 
 1 5 
 110 
 3- 
 4|15 
 
 6 
 
 
 
 — 
 
 13 
 
 10 
 15 
 
 
 
 
 £669 
 
 6 
 6 
 
 Burke & Jenkins. 
 
 Messrs. Murray & Dermont, New York, 
 
 To G. Menotti & Fratella, Dr. 
 
 Florence, March 13, 1877. 
 
 Shipped to your address via Havre, care of P. Danzas & Lux, order of 
 
 G. M. Metway. Frcs, 
 
 2864/2869, 6 cases @ 3 90, 
 
 2340 pes. Mountain, 60/64 '. @ 7.50 
 
 2870/2875, 6 cases @ 400, 
 
 2400 pes. R and Ready, 16/17 @ 6.32 
 
 2876/2883, 8 eases @ 300, 
 
 2400 pes. Black and White, 43/50 @ 5.— 
 
 20 Cases and Packing 
 Consul's Certificate 
 
 GuisEPPE Menotti & Fratella. 
 
1 
 
 III 
 
 58 
 
 Messrs. Murray & Dermont, New York, 
 
 Havrk, March 17, 1877. 
 
 To P. Danzas k Lux, Dr. 
 
 For charjires receiving and forwarding per steamer Canada, for New York, M D 3864/2883, 20 cases 
 Italian Braids, from Messrs. G. Menotti & Fratella. 
 
 Freight from Florence to Havre 
 
 Marine Insurance upon frcs. 45500 @ ^ i. ! 
 
 Cartages and Labor 
 
 Postage Stamps and Bill of I hiding. * !........*.'.*.!** 
 
 Commission on receiving and forwarding frcs. 44943 ©ij^ji;! 
 E. & O. E. 
 
 Frcs 
 
 240 
 
 
 
 284 
 
 38 
 
 
 80 
 
 — 
 
 
 10 
 
 — 
 
 
 11286 
 
 726 
 
 P. Danzas k Lux. 
 
 No. 36. i Messrs. Murray & Dermont, New York, 
 
 DippoLDSWALDE, March 11, 1877. 
 
 To Carl Schonbero & Co., Dr. 
 
 MD 
 
 Shipped through Wm. Rapp k Co., Hamburg, by order of G. M. 
 Metwaj, for your account and risk. i 
 
 10 cases @ 100 doz. 1947/1956, 
 
 Mark.: 
 
 1000 doz. Gentlemen's Hats, White <a 4 — 
 
 8 cases @, 150 doz. 1957/1964, 
 
 1200 doz. Gentlemen's Hats, White— zigzag @ 3 
 
 18 Cases and Packing. 
 Consul's Certification. 
 
 Mark. 
 
 Cari Schonbero k Co. 
 
 Hamburg, March 14, 1877. 
 Messrs. Murray k Dermont, New York : 
 
 Dear Sirs: We have the pleasure to inclose you Bill of Lading and Bill of Charges for 18 cases 
 marked M D 1947/1964. containing German Straw Hats, from Messrs. Carl Schonberg k Co., value 
 mark 8610, shipped per steamer Cambria, Captain Schwensen, in accordance with the instructions of 
 Mr. G. M. Metway, and which, we trust, will reach you safely. 
 
 We remain. 
 
 Your obedient servants, 
 
 wit. Rapp k Co. 
 Charges forwarding 18 cases M D 1947/1964. 
 
 Freight from Dippoldswalde to Hamburg 
 
 Stamps and Bill of Lading 1 ...... . 
 
 Shipping Expenses 
 
 Marine Insurance upon Mark 8800 @ ^ V- •• .......... ! \ . 
 
 Commission on receiving and forwarding Mark 8610 @ 1^ %. 
 
 Mark. 
 
 62 
 
 
 
 7 
 
 50 
 
 
 36 
 
 -^ 
 
 
 66 
 
 — . 
 
 
 43 
 
 05 
 
 209 
 
 50 
 
 Wm. Rapp k Co. 
 
 59 
 
 INVOICES OUTWARD. 
 
 The goods, as they are called by the salesman, or by the " caller," are not to be 
 entered in the Sales Book, but right on the face of the Invoices. As many fac- 
 similes as needed are taken by the copy-press, which, after having given their 
 elements to the Sales Book and Current Stock Book, are placed, properly numbered, 
 on Patent File, and there kept as vouchers. 
 
 Thus, the manipulation with Invoices Outward and the Sales Book will become 
 uniform with that of Invoices Inward and the Purchase Book, and these books can 
 receive a more practical construction than they ever had. 
 
 No. 30. 
 
 MD 
 
 Ko. 8L 
 
 MD 
 
 New York, March 2, 1877. 
 
 Messrs. Schutlbr k Wood, Hillstown, Conn. 
 
 Bought of Murray & Dermont. 
 Terms : 3 mos. 
 
 10 Cases Straw Goods, shipped per New London Passenger Boat. 
 
 719/728 @ 420—4200 pes. Black and White English Braids @ 50c. 
 
 3 % discount off 
 
 2100 
 63 
 
 -. 2037 
 
 New York, March 3, 1877. 
 
 Messrs. Halpin k Macy, Metpield, Mass. 
 
 To Murray k Dermont, Dr. 
 
 For 5 Cases Braids, shipped per Stonington Line. 
 Terms : 3 mos. 
 
 071 
 1562 
 1795 
 
 1333 
 1797 
 
 800 
 800 
 ^ 2400 pes. Chip, 30/40 @|3.10 
 
 400 " Coburg,50/54 @ 7.30 
 
 900 " Bordures, 40/45 @ 4.50 
 
 3 % discount 
 
 7440 
 
 2920 
 4050 
 
 13977 70 
 
 New York, March 3, 1877. 
 
 Na 32. 
 
 M F 
 
 No. 83. 
 
 MD 
 
 Messrs. Reed k Lockwood, Milwaukee, Wis. 
 
 Bought of Murray & Dermont. 
 
 40 Cases Straw Goods, shipped per American Express Co. 
 Terms: Cash. 
 
 1560/1569 @ 300--.3000 pes. Ecrue Manila @ $ .40 
 
 1600/1609 @ 200=2000 " Tape, 14/15 @ 1.— 
 
 1640/1649 @ 150—1500 " Noir Tape, 15/16 @ 1.25 
 
 1680/1689 ® 300— 3000 " Scalcasimo @ .92 
 
 6 ^discount 
 
 Invoice of 14 Cases Straw Goods, shipped per Adams Express, to and for account of Wm. 
 Parson k Bros., Philadelphia, Pa. 
 
 No. 915, 400 pes. German Braids, White, 
 
 452/458 @ 500— 3500 " 
 
 962/967 @ 320— 1920 " " " Black, 
 
 No. 279... 
 No. 280... 
 No. 270... 
 
 . . .@ 14c. 
 . ..@ 16c. 
 . ..@ 19c. 
 
 56 — 
 560 — 
 364 80 
 
 980'80 
 
 Terms : Cash. 6 % deduction. . . 
 
 
 58 
 
 85 
 .95 
 
 New York, March 5, 1877. 
 
 
 
 
 921 
 
4 
 
 tl 
 
 N< 
 
 • : ( 
 
 fl" 
 
 f 
 
 '^ 
 
 
 I 
 
 60 
 
 No. 34. 
 
 MD 
 
 Ko. 35. 
 
 Invoice of 2 cases Braids and Leghorn Hats, shipped per American Express Co., to and for 
 account of Hastings & Griffin, Chicago, 111. " *^ f •, 
 
 1803 410 doz. Pedal (fh ^ IU\ 
 
 1570 400 •• Leghorn Hats ■.'.'■■■.■.■.'.'.■.■;;;;;.';;. ■:.@ lO.'-- 
 
 Terms : Cash—O ^ discount 
 
 New York, Mdrc7i 8, 1877. 
 
 MD 
 
 Ko. 36. 
 
 Messrs'. DwYER & Goodwin, Westborough. Mass., 
 
 Bought of Murray &, Dermont 
 
 6 cases Straw Goods, shipped per Stonington Line. 
 207 2400 
 714 3000 
 1229 2500 
 
 1772 2600 
 
 1773 2600 
 
 3354 3100 16200 pes. 7 end Simples 
 
 3 % discount 
 
 Terms : 3 mos. 
 
 New roRK, March 9, 1877. 
 
 .@20c. 
 
 20 
 
 8142 
 
 80 
 
 MD 
 
 No. 37. 
 
 MD 
 
 xt a . x,r „ N"w YoBK, March 10, 1877. 
 
 Messrs. Schuyler & Wood, Hillstown, Conn., 
 
 To Murray & Dermont, Dr. 
 
 For 10 cases Straw Goods, shipped per New London Passenger Boat. 
 Terms : 4 mos. 
 
 925/934 @ 420 = 4200 pes. Black and White English Braids. . @ 50c. 
 
 2 % discount 
 
 2100 
 42 
 
 2058 
 
 Messrs. G. Ellsworth & Co., South Norwalk, Conn., 
 
 Bought of Murray & Dermont. 
 
 Goods shipped per South Norwalk Steamboat Line. 
 Terms : 8 mos. 
 
 New York, March 13, 1877. 
 
 1360 
 1361 
 
 1354 
 1768 
 
 600 
 
 600 1200 i»es. Manila, 50/59 @ |6.— 
 
 240 
 
 248 488 " Milan Extra. 43/45 (^ 6.— 
 
 3 % discount 
 
 7200 
 2440 
 
 9640 
 
 289 
 
 9350 
 
 20 
 80 
 
 No. 38. 
 
 MD 
 
 Invoice of 2 eases Straw Goods, shipped per Stonington Line, to and for account of Halpin 
 & Macj, Metfield, Mass. 
 
 1784 
 2361 
 
 6500 
 
 No. 39. 
 
 MD 
 
 6100 12600 pes. 11 end Simples @ 22c 
 
 Terms : 4 mos. — 2 ^ discount 
 
 New York, March 14, 1877. 
 
 271656 
 
 Invoice of 14 eases Braids, shipped per Adams Express, to and for account of Wni. Parson 
 & Bros., Philadelphia, Pa, 
 
 473/479 @ 300 = 2100 pes. German Lustre, No. 402 @ 15c, 
 
 486/491 @ 200 = 1400 " 
 Terms : Cash — 6 ^ discount 
 
 New York, March 15, 1877. 
 
 Rough @ 8c. 
 
 61 
 
 No. 40. Invoice of 2 cases Braids, shipped per Adams Express, to and for account of Davidson & 
 Leland, Baltimore, Md. 
 
 MD 
 
 No. 41. 
 
 M F 
 
 425 
 426 
 
 300 
 
 300 600 pes. Black and White, 43/50 @$1.60! 960 
 
 Terms: CO. D. 7 ^discount | 67 
 
 New York, March 15, 1877. 
 
 20 
 
 892180 
 
 Messrs. Reed & Lcckwood, Milwaukee, Wis. 
 
 Bought of Murray & Dermont. 
 Terms : 2 mos. 
 
 New York, March 15, 1877. 
 
 No. 42. 
 
 MD 
 
 60 cases Straw Goods, shipped per American Express Co. 
 
 1570/1599 @ 300 — 9000 pes. Ecrue Manila <a$ .40 
 
 1610/1639 @ 200 — 6000 " Tape, 14/15 1 1.— 
 
 4 % discount 
 
 3600 — 
 6000 — 
 
 9600 — 
 384 — 
 
 9216 — 
 
 Messrs. Halpin & Macy, Metfield, Mass. 
 
 Bought of Murray & Dermont. 
 
 9 Cases Straw Goods, shipped per Stonington Line. 
 Terms : 5 mos. 
 
 New York, March 16, 1877. 
 
 No. 43. 
 
 1357 
 1258 
 1778 
 
 068 
 1359 
 1360 
 1774 
 
 1770 
 2623 
 
 890 
 
 890 
 
 890 1170 pes. Mountain, 60/64 ^|2.50 
 
 400 
 
 400 
 
 400 
 
 400 1600 " R. and Ready, 16/17 @ 2.10 
 
 400 *• Coburg, 50/54 @ 7.30 
 
 900 " Bordures, 40/45 @ 4.50 
 
 1 ^ discount 
 
 Invoice of 6 eases Braids, shipped per South Norwalk Steamboat Line, to and for account 
 of G. Ellsworth & Co., South Norwalk, Conn. 
 
 MD 
 
 Va 44. 
 
 MD 
 
 2691 
 2692 
 
 8716 
 2716 
 
 2697 
 2524 
 
 340 
 
 240 480 i>cs. Milan Extra, 42/45 ®$S — 
 
 600 
 
 600 1200 " Manila, 50/54 @ 6.— 
 
 400 •' Coburg,50/54 ....,....(^7.30 
 
 " " Bordures, 40/45 @ 4.50 
 
 2 % discount 
 
 900 
 
 Terms: 4 mos. 
 Nkw York, March 17, 1877. 
 
 16570 — 
 331 140 
 
 16238 60 
 
 Messrs. Wm. Parson & Bros., Philadelphia, Pa. 
 
 Bought of Murray & Dermont. 
 Terms : 4 mos. 
 
 New York, March 19, 1877. 
 
 14 cases Straw Goods, shipped per Adams Exi*ess Co. 
 
 405/412 @ 100 — 800 doz. German Gents' Hats, White 0^ — 
 
 420/426^160-900 " •' " « -zigzag. .! .;;li: 90 
 
 2 % discount. 
 

 <> 
 
 H 
 
 \ i 
 
 62 
 
 No. 46. 
 
 ¥ 
 
 MD 
 
 N. Y. 
 
 No. 46. 
 
 New York, March 19, 1877. 
 
 Messrs. Hastings & Griffin. Chicago, III., 
 
 Bought of Murray & Dermont, 
 100 bales Canton Braids, shipped per American Express Co. 
 Terms : 3 mos. 
 
 100 bales W @ 240. 
 
 24000 pes. White Canton Braids @ 70c 
 
 3 ^ discount 
 
 16800 
 604 
 
 
 16296 
 
 ¥ 
 
 MD 
 
 N. Y. 
 
 No. 47. 
 
 MD 
 
 Messrs. Wilson & Kelly, Baltimore. Md.. ^""'^ ^^"^^ ^^^ ^^' ^^'^' 
 
 •^ Bought of Murray & Dermont, 
 
 Terms CI ^^ ^*^^^ Canton Braids, shipped per Adams Express Co. 
 
 50 bales W @ 240 
 50 •• M @ 240 
 
 12000 pes. White (a 70c 
 
 12000 " Mottled *.*...*!*..' .@ 45e.' 
 
 6 ^discount 
 
 8400 
 5400 
 
 18800 
 828 
 
 12972 
 
 Invoice of 5 cases Straw Goods, shipped per Stonington Line, to and for account of Messrs. 
 Halpin & Macy, Metfield, Mass. 
 
 2703/2705 @ 800 
 1564/1565 @ 600 
 Terms : 5 mos. 
 
 2400 pes. Chip, 30/40 (a $3.10 
 
 1200 " Manila. 50/54 .(| 6.- 
 
 1 % discount 
 
 7440 
 7200 
 
 Ha 48. 
 
 ¥ 
 
 MD 
 
 N. Y. 
 
 No. 49. 
 
 MD 
 
 New York, March 20, 1877. 
 
 14640 
 146 
 
 14498 
 
 40 
 60 
 
 New York, March 20, 1877 
 
 Union Straw Works, St. Louis, Mo., 
 
 Bought of Murray & Dermont, 
 50 bales Canton Braids, shipped per United States Express Co. 
 Terms : 2 mos. 
 
 50 bales W @ 240, 
 12000 pes.. White. . 
 
 4 % discount. 
 
 .@70c. 
 
 8400 
 336 
 
 — 8064 
 
 Invoice of 10 cases Straw Goods, shipped per New London Passenger Boat, to and for 
 account of Schuyler & Wood. Hillstown, Conn. 
 
 1068/1077® 400, 
 
 4000 pc». Black and White English Braids (gl 50c 
 
 Terms : 4 mos. 2 i diaconnt 
 
 No. 50. 
 
 ¥ 
 
 MD 
 
 N. Y. 
 
 2 % discount. 
 New York, March 21, 1877. 
 
 2000 — 
 40- 
 
 1960 
 
 Invoice of 50 bales Canton Braids, shipped per New Haven Steamboat Line, to and for 
 account of Baldwin & Pratt, Milford, Conn. 
 
 60 bales @ 240, • 
 
 12000 pes. Mottled <a 45c 
 
 Terms : 4 mos. 2 % discount. 
 
 New York, March 21, 1877. 
 
 6400 
 108 
 
 — 
 
 6292 
 
 I *"£ ' 
 
 m 
 
 No. 61. 
 
 Messrs. Van Dolph & Goodrich, Cincinnati. O. 
 
 Bought of Murray & Dermont. 
 
 2 cases Straw Goods, shipped per Adams Express Co. 
 Terms: Cash. 
 
 New York, March 22, 1877. 
 
 MD 
 
 No. 52. 
 
 2619 
 
 1804 
 
 410 doz. Pedal @$6.50 
 
 400 " Leghorn Hats @ 19.— 
 
 6 ^ discouut 
 
 2665 
 7600 
 
 10266 
 
 615 90 
 9649 10 
 
 MF 
 
 Na 53. 
 
 MD 
 
 Na 54. 
 
 Messrs. Reed & Lockwood, Milwaukee, Wis. 
 
 Bought of Murray & Dermont. 
 Terms : 4 mos. 
 
 New York, March 22, 1877. 
 
 60 cases Straw Goods, shipped per American Express Co. 
 
 1650/1679 @ 150 — 4500 pes. Noir Tape, 16/17 @ $1 .25 
 
 1690/1719 @ 300 — 9000 " Scalcasimo @ .92 
 
 2 ^ discount 
 
 5625 
 
 8280 
 
 13905 
 
 278 
 
 136^6 
 
 10 
 
 90 
 
 Invoice of 2 cases Straw Goods, shipped per Steamer Knickerbocker. Capt. Eemble, bound 
 for New Orleans, consigned to and for account of De Forest Bros. 
 
 400 
 
 400 800 doz. Leghorn Hats @ $19.- 
 
 3404 
 2405 
 
 Terms : Cash. 6 fi discount. 
 
 New York, March 24. 1877. 
 
 15200 — 
 912 — 
 
 14288 — 
 
 MD 
 
 Na 55. 
 
 MD 
 
 Invoice of 3 cases Straw Goods, shipped per South Norwalk Steamboat Line, to and for 
 account of G. Ellsworth & Co., South Norwalk, Conn. 
 
 1233 
 1641 
 2366 
 
 5500 pes. 11 end Simples @ 16c. 
 
 5700 11100 " 7 " " @15c. 
 
 1 % discount 
 
 Terms : 5 mos. 
 New York, March 26. 1877. 
 
 Invoice of 16 cases Straw Goods, shipped per Adams Express Co., to and for account of 
 Wm. Parson & Bros., PhiUdelphia, Pa. 
 
 No. 56. 
 
 ¥ 
 
 MD 
 
 H. Y. 
 
 967/974 @ 100 — 800 doz. German Gents' Hats, White ^ t2 — 
 
 1111/1118® 150 -1200 •' " " " -zigzag...© 1.90 
 
 Terms : 6 mos. 
 New York, March 27, 1877. 
 
 Messrs. A. Alden & Co., Middleborough, Mass. 
 
 Bought of Murray & Dermont. 
 Terms : Cash. 
 
 New York, March 27, 1877. 
 
 100 bales Canton Braids, shipped per Stonington Line. 
 
 100 bales M @ 240 
 
 24000 pes. Mottled @ 45c. 
 
 6 % discount 
 
 10800 — 
 648—1 10152 — 
 
I 
 
 No. 57. 
 
 MD 
 
 In 
 
 No. 68. 
 
 I 1 
 
 i 
 
 III 
 
 MD 
 
 64 
 
 New York, March 29, 1877. 
 Messrs. Schuylkk & Wood, Hillstown, Conn. 
 
 Bought of Murray k Dermont. 
 Terms : 6 mos. 
 
 1156 
 1157 
 1158 
 1159 
 1160 
 1161 
 
 6 cases Straw Goods, shipped per New London Passenger Boat. 
 
 410 
 410 
 410 
 410 
 410 
 450 2500 Black and White English Braids @ 60c. 
 
 1250 
 
 
 
 New York, March 30, 1877. 
 
 Messrs. Dwyer & Goodwin, Westborough, Mass. 
 
 Bought of Murray & Dermont. 
 Terms : 4 mos. 
 
 425 
 426 
 427 
 428 
 9'»2 
 963 
 964 
 965 
 2876 
 
 2864 
 2865 
 
 2870 
 
 8 cases Italian Braids, shipped per Stonington Line. 
 
 300 
 300 
 300 
 300 
 300 
 300 
 300 
 300 
 JOO 
 
 390 
 390 
 
 JOO 2700 pes. Black and White, 43/50 @ $1.60 
 
 780 " 
 400 '* 
 
 Mountain, 60 64 
 
 R. and Ready, 16/17. 
 2 % discount 
 
 .@ 2.50 
 .@ 2.10 
 
 I 
 
 
 > 
 
 66 
 
 PURCHASE AND SALES BOOKS. 
 
 Practical book-keepers have introduced an abbreviated form of Pnreliase 
 Books, condtructed upon the truly sound principle, that — the Invoices on file fur- 
 nishing a sufficient record of details — Purchase Books need not contain more than 
 the date, credit, reference to the voucher and the amount of each purchase. Purchase 
 Books thus arranged present the whole of merchandise bought in a succinct manner, 
 afford a general view, and facilitate direct posting ; but they have still the defect of 
 not being adapted for compilation, and of containing only the first record. For each 
 subsequent action in relation to purchases, be it a payment, a deduction, or return 
 of parcels, separate entries or postings must be made in the Journal, or on the 
 Ledger. 
 
 To remove this defect and to save all unnecessary work, the author has given 
 the Purchase Book a folio form, retaining on the left page the main features of the 
 first record, allotting the right page to any subsequent action in reference to each 
 purchase, and making the whole, by simply extending the amounts on the left or 
 right page, bear out results in the quickest possible way. 
 
 If we now consider that practical book-keepers were led to give Purchase 
 Books an abbreviated form, because the Invoices on file served as a record of 
 details, it must appear very strange that no one as yet has acted upon the same 
 principle, to construct the Sales Books in the same manner. Sales Books, as kept 
 now, are monstrously lieavy and cumbrous machines. By entering in them the 
 goods as they are called by the "caller'* in their s\iccession, with all details, they 
 present a kind of the old obsolete Day Book, from which each sale must be 
 posted separately. 
 
 There is no imaginable reason why the prima facie entry of each sale should 
 not be made — instead in the Sales Book — directly on the Invoice Outward, 
 which, under all cintumstances, must be sent with the goods ; and why not as many 
 fac-si miles as needed should be taken from it by the copy press, and placed on 
 patent file to serve the same purpose as Invoices Inward. With these fac-similes 
 on record, there is no conceivable reason why Sales Books should not be kept in the 
 same manner as Purchase Books, thus condensing the whole of merchandise 
 account, and saving an immense number of entries and postings. 
 
 These were the considerations that prompted the author to arrange the 
 Purchase and Sales Book in the way as seen on the following pages, and to make 
 both uniform in their action. 
 
 1^ 
 
B^aKtm^ 
 
 I 
 
 i 
 
 I 
 
 ill 
 
 ee 
 
 w 
 
 Folio 5. 
 
 This Book presents in a nntshell the whole of Merchandise Account in its relation to shippers and forwarders. Their names, with reference to date and the Invoices on File, 
 are entered in the left hand side, but only such amounts extended for which no notes are to be given. In the right hand side, on the same line, opposite each purchase, are entered, 
 under the head of "Bills Payable," the notes given in payment, and their amounts extended. At the end of the month, the extended amounts culminate in the two very simple 
 entries, seen at the bottom, giving the collated results to the Ledger. 
 
 Should it be expressly desired to post every purchase singly to the credit of the respective persons, in order to have the dealings with each chronologically arranged on the 
 Ledger, that can be done from the left hand side, by posting "Merchandise (with its aggregate) Dr. to each person." Then, the entry from the right hand side would be "each 
 person Dr. to Bills Payable" (with its aggregate). This proceeding, however, is superfluous, since the Purchase Book itself affords a sufficiently clear exhibit of all dealings with 
 each person. 
 
 1877. 
 
 March 1.. 
 
 M 
 
 1.. 
 
 M 
 
 2.. 
 
 « 
 
 2.. 
 
 M 
 
 5.. 
 
 M 
 
 8.. 
 
 M 
 
 8.. 
 
 W 
 
 13.. 
 
 M 
 
 13.. 
 
 U 
 
 14.. 
 
 H 
 
 14 . 
 
 *i 
 
 20.. 
 
 U 
 
 20.. 
 
 U 
 
 24.. 
 
 U 
 
 28. 
 
 €1 
 
 28.. 
 
 a 
 
 29.. 
 
 ti 
 
 29.. 
 
 To A. Dufour & Co For 
 
 " P. Danzas & Lux " 
 
 " G. Menotti & Fratella. . " 
 
 " P. Danzas & Lux " 
 
 *' Burke & Jenkins " 
 
 " G. Menotti & Fratella. . •* 
 
 " P. Danzas & Lux " 
 
 " Carl Schonberg & Co.. . " 
 
 " Wm. Rapp & Co. " 
 
 *' G. Menotti & Fratella. . " 
 
 " P. Danzas & Lux " 
 
 " A. Dufour & Co " 
 
 " P. Danzas & Lux ** 
 
 •• Burke & Jenkins " 
 
 " G. Menotti & Fratella. . " 
 
 " P. Danzas & Lux " 
 
 " Carl Schonberg & Co... " 
 
 " Wm.Rapp&Co " 
 
 Invoice Vo. 26 
 
 Forwarding " 25 . . .Frcs. 
 
 Invoice " 86 
 
 Forwarding " 86 Frcs. 
 
 Invoice 
 
 «( 
 
 M 
 
 U 
 
 Forwarding " 89 Frcs 
 
 Invoice " 80 
 
 Forwarding " 80 Mark. 
 
 Invoice " 81 
 
 Forwarding " 81 Frcs. 
 
 Invoice ** 88 
 
 Forwarding " 88 Frcs. 
 
 Invoice " 84 
 
 " 86 
 
 Forwarding " 86 Frcs. 
 
 Invoice *' 86 
 
 Forwarding " 86 Mark. 
 
 170 
 
 951 
 
 865 
 
 160 
 
 2861 
 
 506 
 
 726 
 
 209 
 
 77 
 
 88 
 
 14 
 
 80 
 
 88 
 
 44 
 
 74 
 
 55 
 
 (S^^H 
 
 ®20>^' 
 
 ^20>^ 
 
 <^25K 
 
 <^20^ 
 
 @20^ 
 
 ^20>^ 
 
 (^25^ 
 
 85 
 
 195 
 
 177 
 
 88 
 
 484 
 
 104 
 
 01 
 
 03 
 
 85 
 
 88 
 
 07 
 
 28 
 
 148 
 
 52 
 
 98 
 
 16 
 
 1285 
 
 16 
 
 1877. 
 March 1 . . 
 
 •* 2.. 
 
 " 6.. 
 " 9.. 
 
 « 14.. 
 
 • 15. . 
 
 " 21.. 
 
 " 26.. 
 " 29.. 
 
 " 81.. 
 
 r- 
 
 To Bills Payable. For our Note Ko. 86 Frcs. 
 
 " ** " « .. ti 26 Frcs. 
 
 tt !• M ft « (( 28 £ 
 
 " " - - " " 29 Frcs. 
 
 " " «« " " " 80 Mark. 
 
 " " - - •* " 81 Frcs. 
 
 * " " - " " 88 Frcs. 
 
 " •• " »• 86 Frcs. 
 
 " " - • " " 86 Mark. 
 
 12605 
 
 — 
 
 @20>^ 
 
 114100 
 
 — 
 
 @20>^ 
 
 388.15 
 
 11 
 
 @ 15.15 
 
 93710 
 
 — 
 
 @20>^ 
 
 4030 
 
 90 
 
 @25>^ 
 
 249465 
 
 — 
 
 @20>^ 
 
 87777 
 
 — 
 
 @2014 
 
 669.15 
 
 6 
 
 @$5.15 
 
 44943 
 
 — 
 
 @20^ 
 
 8610 
 
 — 
 
 @25K 
 
 258485 
 
 2339050 
 
 1719 
 19210 
 
 1027 
 
 05 
 55 
 
 88 
 
 51140 33 
 
 7744,29 
 
 3449 34 
 
 9218 
 
 32 
 
 2195 55 121675 66 
 
 Collated result of this side : L m., F 4. Merchandise to Sundries. 
 
 LI., 7 8. P. Danzas & Lux 1144.67 
 
 LL,F4. Wm.Rapp&Co. 90.49 128516 
 
 Collated resuU of thi0 sida : L III« 7 4*8. Merchandise to Bills Payable 121675.66 
 
li 
 
 68 
 
 m 
 
 
 I 
 
 <•: 
 
 
 69 
 
 FoUo 5. 
 
 S^LES BOOK. 
 
 WwH the Invoices Outward on file, furnishing the record of details for all sales, the action and arrangement of the Sales Book becomes uniform with that of the Purchase Book. 
 In the following pattern the left page sliows with its extended amounts the debtors who have not yet sent in their notes, while the right hand page exhibits, with the extended 
 amounts, the notes received in payment. At the end of the month, or whenever needed, the extended amounts are compiled, giving, in two very simple entries, the collated results 
 to tlie Ledger. If it were expressly desired to post every sale to the debit of the respective parties, the entry would be: From the left page, "each person Dr. to Merchandise (for 
 Its aggregate)," and from the right hand page, " Bills Receivable (with its aggregate) Dr. to .«ich person." For cash receipts the Cash Book would then have to show Cash Dr. to each 
 person. The author does not approve of any such manipulations, wliich are only impediments in the quick development of the Statement. 
 
 1877. 
 
 March 2.. 
 
 tg 
 
 3.. 
 
 •« 
 
 5 . 
 
 «4 
 
 8.. 
 
 •♦ 
 
 9.. 
 
 
 10.. 
 
 <• 
 
 13.. 
 
 << 
 
 14.. 
 
 tt 
 
 15.. 
 
 <t 
 
 15.. 
 
 « 
 
 16.. 
 
 « 
 
 17.. 
 
 «i 
 
 19.. 
 
 « 
 
 20.. 
 
 << 
 
 21.. 
 
 u 
 
 22.. 
 
 
 24.. 
 
 
 26.. 
 
 t< 
 
 27.. 
 
 << 
 
 29.. 
 
 4. 
 
 30.. 
 
 Bv Schuyler & Wood For Invoice Outward Ko. 80. Terms : Note @ 3 mos. 
 
 " Halpin & Macj •♦ 
 
 " Wm. Parson & Bros ** 
 
 " Hastings & Griffin " 
 
 ** Dwjer & Goodwin •* 
 
 " Schuyler & Wood " 
 
 " G. Ellsworth & Co •♦ 
 
 " Halpin & Macy " 
 
 " Wm. Parson & Bros " 
 
 " Davidson & Leland " 
 
 " Halpin & Macy •• 
 
 " G. Ellsworth* Co •' 
 
 " Wm. Parson & Bros *• 
 
 " Halpin & Macy •• 
 
 *' Schuyler & Wood •• 
 
 •• VanDolph & Goodrich.. " 
 
 " De Forest Bros •• 
 
 " G. Ellsworth & Co " 
 
 " Wm. Parson & Bros •* 
 
 " Schuyler & Wood " 
 
 •* Bwyer & Goodwin •« 
 
 tt 
 
 t( 
 
 81. 
 
 « 
 
 88. 
 
 (( 
 
 84. 
 
 l< 
 
 86. 
 
 «l 
 
 86. 
 
 II 
 
 87. 
 
 II 
 
 88. 
 
 II 
 
 89. 
 
 11 
 
 40. 
 
 tl 
 
 48. 
 
 II 
 
 48. 
 
 II 
 
 44. 
 
 II 
 
 47. 
 
 II 
 
 48. 
 
 II 
 
 61. 
 
 11 
 
 68. 
 
 II 
 
 64. 
 
 M 
 
 66. 
 
 U 
 
 67. 
 
 M 
 
 KM 
 
 «« 
 
 " @3 •' 
 Cksh 
 
 M 
 
 t< 
 
 <l 
 
 Note @ 3 mos. 
 
 " ©4 " 
 " @3 " 
 « (^4 " 
 
 Cash 
 
 CO. J) 
 
 Note @, 5 mos. 
 " (^4 •* 
 ** @4 " 
 " ©5 " 
 " @4 «• 
 
 Cash 
 
 Note (^ 5 mos. 
 •* @6 " 
 " @6 " 
 •• @4 '• 
 
 14288 
 
 3880 
 1250 
 6967 
 
 80 
 
 26885 
 
 80 
 
 1877. 
 
 March 7.. 
 
 «< 
 
 7.. 
 
 ** 
 
 7.. 
 
 tt 
 
 16.. 
 
 •« 
 
 14.. 
 
 <( 
 
 15.. 
 
 tt 
 
 15.. 
 
 •< 
 
 19.. 
 
 tt 
 
 17.. 
 
 tt 
 
 19.. 
 
 tt 
 
 21.. 
 
 tt 
 
 20.. 
 
 «( 
 
 23.. 
 
 tt 
 
 26.. 
 
 tt 
 
 26.. 
 
 tt 
 
 27.. 
 
 By Bills Receivable. For Note Vo. 81. 
 
 <• it 
 
 «( i< 
 
 " " " 82. 
 
 Cash Book F 7. 
 
 •• - F 8. 
 For Note Ho. 86. 
 
 M «< II oa 
 
 M « II oo 
 
 «f *4 
 
 1833 
 13977 
 
 «• 
 
 •< tt 
 
 (( 
 
 •• 28.. 
 
 tt 
 
 tt tt 
 
 tt t( 
 
 (f 
 
 « 81.. 
 
 Cash Book F 8. . . 
 
 Invoice Returned*. 
 
 For Note Vo. 88. . . 
 
 •* " 88.., 
 
 M II ^M 
 
 M l< II M 
 
 ** " " 87... 
 Cash Book F 8... 
 Fop 
 
 - Note Fo. 89 . . 
 
 3142 
 2058 
 9350 
 2580 
 
 30 
 70 
 
 80 
 
 80 
 73 
 
 13122 
 16238 
 
 3243 
 14493 
 
 1960 
 
 251955 
 
 203 70 
 
 ia5 83 
 
 45 
 60 
 80 
 60 
 
 8452133 
 
 Compiled result from this side : Sundries to Merchandise, 1 m., F 4. 
 
 L n., F 8. De Forest Bros 
 
 1 n., F 8. Wm. Parson & Bros 
 
 I n., F 1. Schuyler & Wood 
 
 L n., F 4. Dwyer & Goodwin 
 
 14288— 
 
 
 8880..- 
 
 « 1 
 
 1250.— 
 
 
 6967.80 
 
 26385.80 
 
 I m., F 8 X 4. 
 
 Compiled result from this side : Bills Receivable to Merchandise 84521.33 
 
 ♦For all kinds of deductions and for goods returned, no entry whatever necessary. 
 
I 
 
 M 
 
 pq 
 
 PLI 
 
 00 
 
 00 
 
 0) 
 
 00 
 
 a 
 
 0) 
 
 9^ >< 
 
 (0 
 
 © -2 
 
 
 <^ 
 
 CO 
 
 « '^ 
 
 
 QQ 
 
 O CO 
 
 © 
 
 
 1:3 .t5 fl 
 
 00 
 
 0) 
 
 
 c8 'i^ 
 
 00 
 
 9 
 
 ^^ (•■» ^H 
 
 00 
 
 nzj ■♦-J 
 
 «, © 
 2 O^ 
 
 •. >^ 
 
 00 
 
 o 
 
 0) 
 
 00 
 
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 0} 
 
 
 
 Px o 
 
 <D 
 
 i 
 
 © 
 
 TS .a 
 
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 SH 
 
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 00 
 
 00 
 
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 00 
 
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 ^ ^ w 
 
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 0) 
 
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 ID 
 
 00 
 
 
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 P, "6 P=l 
 
 ii 
 
 I 
 
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 9 
 
 
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 S ss - 
 
 S 08 S 
 
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 CHECK BOOK. 
 
 All cash being operated on through the Bank, as it onglit to be in every 
 well regulated business, the Bank Check Book is a perfect Cash Journal, and as 
 such, a leading book with a full record of all financial operations ; but as its 
 fonn is not adaptable for compilation, the Cash Book assumes this function, and 
 operates as its tender. While the first contains all details and is kept always 
 balanced, the latter presents in abbreviated form the collated results, and leads 
 them to the Ledger. 
 
 Wherever cash items appear in other books, they are not from there posted. 
 
 New York, March 1, 1877. 
 
 44178 S4 
 
 Ist. Balance in Bank 
 
 44178 
 
 84 
 
 Ist. Ho. 181. 
 Merchandise. 
 
 
 
 
 
 
 
 
 
 890 
 
 07 
 
 77 
 
 / 
 
 * 
 
 
 Daties at Caatoin-bouse for Invoioe 
 No. 26, Frcs. 4413.15, at 193, Pre- 
 miam for srold 104V^ 
 
 890 
 
 07 
 
 
 V 
 
 
 43288 
 
 
 
 
 / 
 
 
 
 Ist. Ho. 18S. 
 Merchandise. 
 
 
 
 28 
 
 77 
 
 7 
 
 
 
 Freight, per Steamer St. Laurent, 
 on 4 cases of Invoice No. 25... . 
 
 V 
 
 38 
 
 .^^ 
 
 43260 
 
 
 
 
 / 
 
 
 
 1st. Ho. 18S. 
 J. C. Swift. 
 
 
 
 300 
 
 77 
 
 / 
 
 
 
 Tn meet small exT>en8e8. .......... 
 
 800 
 
 
 V 
 
 
 42960 
 
 
 
 
 / 
 
 
 
 2d. Vo. 184. 
 Merchandise. 
 
 
 
 8073 
 
 56 
 21 
 
 / '* 
 
 
 
 Duties at Custom-bonse for Invoioe 
 No. 26, Frcs. 39935.— @ 193, Pre- 
 mium for flrold 104^ 
 
 8073 
 
 56 
 
 V 
 
 
 34887 
 
 
 
 
 / 
 
 
 
 2d. Vo. 186. 
 Merchandise. 
 
 
 
 42 
 
 21 
 
 / 
 
 
 
 Freight, per Steamer Hammonia, on 
 5 cases of Invoice No. 26 
 
 V 
 
 42 
 
 — 
 
 34845 
 
 
 
 
 1 
 
 
 
 2d. Ho. 186. 
 
 
 
 
 
 1 
 
 
 
 Menotti's Sales Account. 
 
 
 
 7304 
 
 06 
 15 
 
 1 
 
 
 84 
 
 Duties at Custom-house for Invoice 
 No. 27, Frcs. 36128.75. @ 193, 
 Premium for gold 104^^ 
 
 7304 
 
 06 
 
 27541 
 
 44178 
 
 16637 
 
 69 
 
 ^ Indicates being entered in Cash Book. 
 
 73 
 
 New York, March 2, 1877. 
 
 r 
 
 16637 69 
 
 2d. Ho. 187. 
 
 Menotti's Sales Account. 
 
 Freight, per steamer Alexandria, on 
 160 cases of Invoice No. 27 
 
 ■ 
 
 800 — 
 
 2d. Ho. 188. 
 
 Bills Payable. Ho. 1. 
 
 Note to Menotti & Fratella, due 5th 
 inst. at Paris, through Drexel 
 & Morgan, Frcs. 45655.—. Ex- 
 change rate 5.161^, Premium for 
 goldl04>^ , 924154 
 
 5th. 
 
 Ho. 189. 
 
 Merchandise. 
 
 Duties at Custom-house for Invoice 
 No. 28, £83.9 @, $4.8665, Pre 
 mium for gold 104^ 
 
 V 
 
 5th 
 
 Ho. 190. 
 
 Merchandise. 
 
 Freight, per steamer Celtic, on 10 
 cases of Invoice No. 28 
 
 V 
 
 5th. 
 
 Ho. 191. 
 
 Loans. 
 
 To H. & E. Belgrave, until the 26th, 
 
 42591 
 
 50 — 
 
 5th. 
 
 Ho. 198. 
 
 J. C. Swift. 
 
 1000— 
 
 15728 
 
 To meet small expenditures. 
 
 80o U 
 28455^14 
 
 I 
 I 
 
I 
 
 74 
 
 New York, March 6, 1877. 
 
 15723 70 
 
 3385 01 
 
 13338 69 
 1374340 
 
 3608109 
 
 7th. Dep. Ho. 26. 
 
 Bills Receivable. Ho. 1. 
 
 Of Dwjer h Goodwin, for their 
 note, due 6th inst 
 
 44178 
 
 84 
 
 931 
 
 37003 
 6654 
 
 30348 
 
 63 
 
 30285 
 11605 
 
 95 
 
 04 
 53 
 
 51 
 
 7th. Ho. 27. 
 
 Merchandise. 
 
 Of Wm. Parson & Bros., for amount 
 of Sale No. 33, their check on 
 the Central Bank, of New York . 
 
 13743 
 
 931 
 
 40 
 
 51 
 
 31890 
 
 9569 
 
 33330 
 
 51 
 
 7364 
 
 39685 
 
 348 
 
 39436 
 
 88 
 63 
 
 »th. Ho. 2S. 
 
 Bills Receiyable. Ho. 2. 
 
 Of Halpin & Macj, for their note, 
 due 8th inst 
 
 6th. Ho. 198. 
 
 Bills Payable. Ho. 8. 
 
 Note to Carl Schonberjif & Co., due 
 8th inst., at Dresden, through 
 A. Belmont & Co., Mark 13519.—, 
 Exchange rate 953^, gold 104;^.. 
 
 28456 
 
 8th. 
 
 Vo. 191 
 
 8885 
 
 14 
 
 Merchandise. 
 
 95 Duties at Custom-house, for In- 
 voice No. 39, Frcs. 32798.50, @ 
 193, Premium for gold, 105^ ... 
 
 90 
 
 .)3 
 
 84 
 
 69 
 
 303 
 
 91 
 
 39233J78 
 
 10th. Ho. 29. 
 
 Menotti's Sales Account. 
 
 Of Reed & Lockwood, for amount 
 of Sale No. 33, check drawn by 
 the Manufacturers Bank, of Mil 
 waukee, on the American Ex 
 change Bank, of New York.. . . , 
 
 11605 
 
 8t1i. 
 
 Ho. 196. 
 
 Merchandise. 
 
 6654 
 
 01 
 
 53 
 
 Freight, per steamer Herder, on 9 
 cases of Invoice No. 39. 
 
 7364 
 
 10th. Ho. 196. 
 
 Bills Payable. Ho. 8. 
 
 Note to Menotti & Fratella, due 
 13th inst., at Paris, through 
 Drexel & Morgan, Frcn. 47050.—, 
 Exchange rate 5.15. gold 104a^... 
 
 63 
 
 90 
 
 13th. 
 
 Vo. 197. 
 
 9569 
 
 Wm. Rapp & Co. 
 
 7781309 
 
 Their sight draft for 1000 Marks, 
 Exchange rate 951,^, gold 104>^.. 
 
 12th. Ho. 196. 
 
 Travelliho AccouNt. 
 
 G. M. Metway's letter of credit, 
 drawn at Drexel, Harjes & Co.'s 
 (office), Paris, Frcs. lOCO, Ex 
 change rate 5.15, gold 104>^. .. . 
 
 88 
 
 34884 
 
 303 
 
 48679 
 
 91 
 31 
 
 09833 
 
 851 
 
 28883 
 
 98 
 
 38784 
 
 3400 
 
 36884 
 
 78 
 
 60 
 
 18 
 
 18 
 
 08 
 10 
 
 17609 
 
 8774 
 
 193 
 
 8583 
 
 9734 
 
 18307 
 
 300 
 
 18007 
 
 67 
 43 
 
 43 
 
 80 
 23 
 
 28 
 
 76 
 
 New York, March 13, 1877. 
 
 77183 
 
 14th. Ho. 80. 
 
 Bills Receiyable. Ho. 6. 
 
 Of Wm. Parson & Bros., for their 
 note due 13th inst 
 
 09 
 
 9734 
 
 87587 
 
 80 
 
 89 
 
 13th. Ho. 199. 
 
 Merchandise. 
 
 Duties at Custom-house for InYoice 
 No. 30, Mark 1410.83, % 3383, 
 Premium for gold 104^^ 
 
 13th. Ho. 200. 
 
 Merchandise. 
 
 Freight, per Steamer Wieland, on 
 14 cases of Invoice No. 30 
 
 18th. Ho. 201. 
 
 Bills Payable. Ho. 4. 
 
 Note to A. Dufour & Co., due 16th 
 inst. at Paris, through Drexel & 
 Morgan, Frcs. 11814.—. Exch 
 rate 5.15, Premium for gold 104^^^ 
 
 4857931 
 
 65160 
 
 98 
 
 14th. 
 
 Ho. 202. 
 
 Merchandise. 
 
 Duties at Custom-house for Invoice 
 No. 31, Frcs 87313. 75, @ 193, Pre- 
 mium for gold 1043^ 
 
 14th. 
 
 Ho. 208. 
 
 3400 
 
 06 
 
 17609 67 
 
 Merchandise. 
 
 Freight, per Steamer Labrador, on 
 33 cases of Invoice No. 31 
 
 16th. 
 
 Vo. 204. 
 
 J. C. Swift. 
 
 To meet small expenditures. 
 
 192 
 
 300 
 
 69530 
 
 66 
 
t I 
 
 76 
 
 New York, March 16, 1877. 
 
 18007 
 
 9649 
 
 23 
 
 10 
 
 16th. 
 
 Mekchaxdise. 
 
 Ho. 31. 
 
 27656 
 18797 
 
 8858 
 
 33 
 39 
 
 94 
 
 5112 11 
 
 1397105 
 1197764 
 
 Of Hastings & Griffin, for amount 
 of sale No. 34, their check on the 
 Commercial National Bank, of 
 Chicago 
 
 V 
 
 16th. 
 
 Bills Receivable. 
 
 Ho. 32. 
 Hot. 11 and 12. 
 
 For notes sold to broker D. Williamn 
 
 Note Ho. 11 3130.20 
 
 10 % disc, for 40 days , 34.50 13078.61 
 
 Note Ho. 12 2075.— 
 
 10^disc.for72days , 41.50 2033.5 
 
 1993 41 
 
 300 
 
 1693 
 
 41 
 
 8238 44 
 
 * 6546 08 
 
 401 ;38 
 
 « 6143 65 
 
 7600 
 
 1456 
 2673 
 
 1216 
 
 120 
 
 *1886 
 
 35 
 05 
 
 70 
 
 70 
 
 17th. 
 
 Ho. 33. 
 
 Merchandise. 
 
 Of Wm. Parson & Bros., for amount 
 of sale No. 39, their check on the 
 Oirard National Bank, of Phil- 
 adelphia 
 
 V 
 
 19th. Ho. 34. 
 
 Bills Receiyablb Ho. 6. 
 Of De Forest Bros., for their note 
 
 due 15th Inst. 
 
 V 
 
 8753789 
 
 964910 
 
 5112 
 
 16th. 
 
 Ho. 206. 
 
 Speculation Co. 
 
 11 
 
 401 
 
 38 
 
 7600 — 
 
 111030048 
 
 Our half share of Invoice No. 82, 
 in joint interest with Hartington 
 Bros, and ourselves. 
 
 Our half share gold, $17945 ( 
 \(A% 
 
 16th. 
 
 Ho. 806. 
 
 Speculation Co. 
 
 Duties at Custom-house for Invoice 
 No. 32, $11434.50. Premium for 
 gold, 104^ 
 
 17th. 
 
 J. C. Swift. 
 
 Ho. 807. 
 
 69580 
 
 18797 89 
 
 66 
 
 11977 
 
 64 
 
 To meet small expenditures. 
 
 17th. 
 
 Bills Payable. 
 
 Ho. 808. 
 Ho. 6. 
 
 Note to Menotti & Fratella, due the 
 20th inst., at Paris, through 
 Drexel & Morgan, Frcs. 40454. — , 
 Exchange rate 5.13^1^, Premium 
 for gold, 104^ 
 
 800 
 
 20th. 
 
 Ho. 809. 
 
 Merchandise. 
 
 Duties at Custom-house for Invoice 
 No. 33, Frcs. 13221.95 @ 193, Pre 
 
 mium for gold, 104^ 
 
 V 
 
 20th. 
 
 Ho. 810. 
 
 Merchandise. 
 
 Freight, per steamer Frisia, on 12 
 cases of Invoice No. 33 
 
 V 
 
 8238 
 
 2673 
 
 44 
 
 06 
 
 180- 
 
 111687(18 
 
 Balances marked * signify overdrafts, covered by deposit of U. 8. Bonda 
 
 77 
 
 New York, March 20, 1877. 
 
 *1886 
 
 11650 
 
 10313 
 
 2979 
 
 7388 
 
 70 
 
 30 
 
 63 
 67 
 
 20th. Ho. 36. 
 
 Bills Receivable. Ho. 8. 
 
 Of Dwyer & Goodwin, fortheir note 
 due 18th instant 
 
 110300 
 
 23d. 
 
 Ho. 36. 
 
 Speculation Co. 
 
 12972 
 
 20305|67i 
 300 
 
 Of Wilson & Kelly, for amount of 
 sale No. 46, their check on the 
 Chesapeake Bank, of Baltimore. 
 
 11650 
 
 48 
 
 12972 — 
 
 20005 67 
 
 854 
 
 19151 
 
 120 
 
 19031 
 11387 
 
 30368 
 
 10841 
 
 19527 
 1000 
 
 20527 
 
 6058 
 
 59 
 08 
 
 08 
 60 
 
 68 
 
 68 
 
 19 
 
 15468181 
 
 24th. Ho. 37. 
 
 Bills Receivable. Ho. 10. 
 
 Of Q. Ellsworth k Co., for their 
 note due 23d inst 
 
 26tlu 
 
 Loans. 
 
 Ho. 38. 
 
 Of H. & E. Belgrave, return of loan 
 of the 5th inst. 
 
 11337 
 
 1000 
 
 60 
 
 14726008 
 
 20th. 
 
 Bills Payable. 
 
 Ho. 211. 
 Ho. 6. 
 
 Note to Burke & Jenkins, due 23d 
 inst., at London, through Drexel 
 & Morgan, £585.5.10. Exch. rate 
 $4.86, gold 104^ 
 
 V 
 
 23d. 
 
 111637 
 
 18 
 
 2979 63 
 
 Ho. 212. 
 
 J. C. Swift. 
 
 To meet small expenditures. 
 
 24th. Ho. 213. 
 
 Merchandise. 
 
 Duties at Custom-house for Invoice 
 No. 34, £167.8.11^, @ 4.8665 
 Premium for gold 104^ 
 
 300 
 
 24th. 
 
 Ho. 814. 
 
 Merchandise. 
 
 Freight, per Steamer Adriatic, on 20 
 cases of Invoice No. 34 , 
 
 V 
 
 24th. Ho. 216. 
 
 Bills Payable. Ho. 7. 
 
 Note to Menotti & Fratella, due 
 28tli inst., at Paris, through Drex- 
 el & Morgan, Frcs. 53110.—, Ex 
 change rate, 5.13^, gold 104^ . . 
 
 V 
 
 26th. Ho. 216. 
 
 Bills Payablk Ho. 8. 
 
 Note to Carl Schonberg & Co., due 
 28th inst., at Dresden, through A. 
 Belmont & Co., Mark, 20278.50, 
 Exchange rate 95 1^, gold 104j^ . . 
 
 854 
 
 59 
 
 120 
 
 1084168 
 
 505819 
 
 13179127 
 
I! 
 
 i ; 
 
 V 
 
 i 
 
 III 
 
 I 
 
 hi 
 
 \ 
 
 78 
 
 New York, March 26, 1877. 
 
 15468 
 
 81 
 
 14726008 
 
 407 79 27th. 
 
 No. 39. 
 
 1506102 
 
 964910 
 
 2471012 
 
 Merchandise. 
 
 Of Van Dolph & Goodrich, for 
 amount of Sale No. 51, their 
 check on the Merchants' National 
 Bank, of Cincinnati 
 
 2023721 
 
 9649 
 
 10 
 
 15690918 
 
 26th. Ko. 217. 
 
 P. Danzas & Lux. 
 
 Their sight draft for Frcs. 2000.—, 
 Exchange rate 5133!^, gold 1045S^, 
 
 28th. 
 
 . 218. 
 
 Merchandise. 
 
 Duties at CustomhouBe for Invoice 
 No. 35, Frcs. 15730.05, @ 193, 
 Premium for gold 104^ 
 
 131791 
 
 28th. 
 
 Vo. 219. 
 
 Merchandise. 
 
 Freight, per steamer Canada, on 20 
 cases of Invoice No. 35 
 
 I 
 
 28th. 
 
 Vo.220. 
 
 Real Estate. 
 
 Asa Taylor's Bill of Examination 
 of Title and Transfer of Deed. . . 
 
 29th. 
 
 Merchandise. 
 
 ITo. 221. 
 
 Duties at Custom-house for Invoice 
 No. 36, Mark 3013.50, @ 2382, 
 Premium for gold, 104% 
 
 29th. 
 
 Merchandise. 
 
 Vo. 222. 
 
 Freight, per Steamer Cimbria, on 
 18 cases of Invoice No. 36 
 
 407 
 
 27 
 
 8180 
 
 79 
 
 10 
 
 120 
 
 850 
 
 752 
 
 81 
 
 70 
 
 136671,97 
 
 79 
 
 New York, March 30, 1877. 
 
 20287 
 
 10139 
 
 21 
 
 81 
 
 80376 
 300 
 
 52 
 
 80th. 
 
 No. 40. 
 
 Speculation Co. 
 
 Of A. Alden & Co., for amount of 
 sale No. 56, their check on the 
 Old County National Bank, of 
 Plymouth 10152 — 
 
 % % off for collection 12.69 
 
 156909 
 
 19870120 
 
 10139 
 
 18 
 
 31 
 
 31st. 
 
 No. 228. 
 
 J. C. Swift. 
 
 To meet small expenditures. 
 
 V 
 
 31st. No. 224. 
 
 Bills Payable. No. 9. 
 
 Note to Menotti & Fratella, due 
 April 5th, at Paris, through Drex- 
 el & Morgan, Frcs. 45100.—, Ex- 
 change rate @ 5.14>^, gold 105. . 
 
 13667197 
 
 300 
 
 9206 
 
 31st. No. 225. 
 
 Oliver Murray. 
 
 For his private use 
 
 32 
 
 600 
 
 3lBt. No. 226. 
 
 Victor C. Dbrmont. 
 
 For his private use. 
 
 V 
 
 400 — 
 
 14717829 
 
IS 
 
 •: ( 
 
 1^ 
 
 I' 
 
 I! 
 
 w 
 
 118 
 
 I < 
 
 7. 
 
 Dr. 
 
 80 
 
 CASH. L m, F L 
 
 MARCI 
 
 m. 1 1 
 
 7 
 7 
 9 
 
 nLl 9 10 
 14 
 16 
 16 
 
 Mdsb. 
 
 Bills 
 Rbc. 
 
 i 
 
 g 
 
 OQ 
 
 81 
 
 1877. 
 
 CASH. 
 
 To Balance Old Account 
 
 " Bills Receivable For Ho. 1 Deporit Ko. 86. 
 
 ** Merchandise " Sale Ko. 38 
 
 " Bills Receivable " Ko. 9 
 
 *• Menotti's Sales Accoant. . " Sale Ko. 32 
 
 " Bills Receivable " Ko. 5 
 
 " Merchandise " Sale Ko. 84 
 
 " Bills Receivable •• Ko. 11 discounted, 3113.20. 
 
 " " 12 " 2075.— " " 82 
 
 t« 
 
 <l 
 
 27 
 
 M 
 
 M 
 
 28 
 
 M 
 
 M 
 
 29 
 
 M 
 
 <i. 
 
 80 
 
 M 
 
 U 
 
 81 
 
 921 
 
 9649 
 
 95 
 
 10 
 
 13742 
 
 40 
 
 11605 — 
 
 9724 80 
 
 Forwarded . 
 
 5188 
 
 44178 
 
 7364 
 
 84 
 
 20 
 
 1057105! 40260 
 
 90 
 
 40 51543 
 
 n. 
 
 m. 
 
 9 
 9 
 
 m. 
 II. 
 
 74 
 
 m. 
 
 11 
 
 7 
 
 n. 
 m. 
 
 4 
 12 
 
 7 
 8 
 
 1 
 1 
 1 
 2 
 2 
 2 
 2 
 2 
 5 
 5 
 
 5 
 
 5 
 6 
 8 
 8 
 10 
 12 
 
 12 
 
 18 
 13 
 13 
 14 
 14 
 16 
 
 16 
 
 Loans " H^''""^ *" "/, ^..^'- i " 
 
 " 182. 
 
 " 183. 
 
 " 184. 
 
 " 186. 
 
 By Merchandise For Duty on Invoice Ko. 26. Check Ko. 181 
 
 " " Freight " " 26. " 
 
 ** J. C Swift To meet small expenses. . 
 
 " Merchandise ■. . For Duty on Invoice Ko. 26. '* 
 
 ** " " Freight " " 26. " 
 
 " Menotti's Sales Account.. " Duty on " " 27. " 
 
 •* " " .. " Freight " " 27. " 
 
 " Bills Payable " Ko. 1 " 
 
 •• Merchandise " Duty on Invoice Ko. 28. '• 
 
 •* " Freight " " 28. " 
 
 Mdse. 
 
 " 186. 
 
 " 187. 
 
 " 188. 
 
 " 189. 
 
 " 190. 
 
 " 191 
 
 " 192. 
 
 " 193. 
 
 " 194. 
 
 " 196. 
 
 " 196. 
 
 " 197. 
 
 " 198. 
 
 i Belgrave, until 26th 
 
 " J. C Swirt To meet small expenses. . 
 
 " Bills Payable For Ko. 2 
 
 " Merchandise " Duty on Invoice Ko. 29. " 
 
 " Freight " " 29. " 
 
 " Bills Payable " Ko. 3 
 
 •' William Rapp & Co " their Sight Draft " 
 
 " Travelling Account " \ ^™'i^i'^?' ^^^'^ I ♦• 
 
 ( to Q. M. Metway, ) 
 
 •• Merchandise " Duty on Invoice Ko. 80. 
 
 " Freight " " 80. '* 
 
 " Bills Payable " Ko. 4 " 
 
 " Merchandise •* Dutyon Invoice Ko. 31. " 
 
 " Freight " " 31. " 
 
 J. C. Swift To meet small expenses . . " 
 
 " Int. and Prem . . i ^^^ ^^ ^ discount on Notes Ko. 11 and ) 
 ( Ko. 12, per contra j" 
 
 Forwarded 
 
 (1 
 
 199. 
 
 351 
 
 « 
 
 200. 
 
 98 
 
 « 
 
 201. 
 
 
 (C 
 
 202. 
 
 17609 
 
 (( 
 
 203. 
 
 192 
 
 (1 
 
 204. 
 
 
 890 
 28 
 
 8073 
 
 07 
 
 56 
 
 42 — 
 
 435 
 50 
 
 91 
 
 6654 53 
 63 
 
 Bills 
 Pay. 
 
 9241 
 
 33a5 
 
 54 
 
 34478 
 
 60 
 
 67 
 
 34 
 
 9569 
 
 01 
 
 88 
 
 2400 08 
 
 24596 
 
 51 
 
 T. 
 
 Cr. 
 
 
 OQ 
 
 300 
 
 7304 00 
 800 — 
 
 1000 
 300 
 
 ?48 84 
 
 202 91 
 
 300 — 
 
 I 
 
 76 09 
 
 1053190 
 
f 
 
 I! 
 
 li 
 
 f i ni 
 
 \ 
 
 82 
 
 83 
 
 V^:{ 
 
 Dr. 
 
 CASH. 
 
 MARCH, 1877. 
 
 CASH. 
 
 Cr. 
 
 MD8E. 
 
 UL 
 
 m. 
 
 m. 
 
 m. 
 
 10 
 
 11 
 
 10 
 
 4,2 
 
 17 
 19 
 20 
 23 
 24 
 26 
 27 
 30 
 
 Brought forward. 
 
 To Merchandise For Sale Ko. 39 Deposit Vo. SS. . 
 
 Bills Receivable " Ho. 6. 
 
 «< « 
 
 X it 
 
 u M 
 
 S4. 
 
 " 8». 
 
 '* Speculation Co. 
 
 Sale Vo. 46. 
 
 44 44 
 
 86. 
 
 Bills Receivable " Vo. 10. 
 
 Loans 
 
 Return of Amount to 
 
 } H. £. Belgrave. 
 
 '* Merchandise " Sale Vo. 61 
 
 44 44 37 
 
 " 39. 
 
 1057105 
 
 401 
 
 Speculation Go " 
 
 «< 44 
 
 66 
 
 44 
 
 44 41 
 
 40. 
 
 38 
 
 Bills 
 Rbc. 
 
 40260 
 
 7600 
 11650 
 
 40 
 
 
 OQ 
 
 51543 
 
 11331 
 
 964910 
 
 To Balance, Old Aceount 
 
 20621 
 
 53 
 
 70848 
 
 60 
 
 12972 
 
 1000 
 
 10139 
 
 31 
 
 7566506 
 
 74 
 
 1987090 
 
 L 
 
 p 
 
 
 m. 
 
 10 
 
 16 
 
 m. 
 
 10 
 
 16 
 
 n. 
 
 7 
 
 17 
 17 
 20 
 20 
 20 
 
 n. 
 
 7 
 
 23 
 24 
 24 
 24 
 26 
 
 L 
 
 S 
 
 26 
 
 28 
 28 
 
 m. 
 
 IS 
 
 28 
 29 
 29 
 
 n. 
 
 7 
 
 31 
 31 
 
 I. 
 
 1 
 
 31 
 
 L 
 
 1 
 
 31 
 81 
 
 m. 
 
 4,8 
 
 
 Brought forward. 
 
 By Speculation Co For our half share of Invoice Ho. 32, Check Ho. 205 . 
 
 •< 
 
 . '* Duty on Invoice Ho. 32. 
 
 " J. C. Swift To meet small expenses. 
 
 " Bills Payable For Ho. 6. 
 
 « 44 
 
 M 44 
 
 «< 44 
 
 ** Merchandise " Duty on Invoice Ho. 88 
 
 " Freight 
 
 " 88. 
 
 " Bills Payable " Ho. 6. 
 
 J. C. Swift To meet small expenses. 
 
 " Merchandise For Duty on Invoice Ho. 84. 
 
 «« 
 
 Freight 
 
 « 84. 
 
 " Bills Payable « Ho. 7. 
 
 €€ 44 
 
 Freight 
 
 44 
 
 86. 
 
 Real Estate " Asa Taylor's Bill 
 
 " Merchandise " Duty on Invoice Ho. 86. 
 
 Freight " « 86. 
 
 ** J. C. Swift To meet small expenses. 
 
 " Bills Payable For Ho. 9 
 
 Oliver Murray. ..." Amount drawn for his use 
 
 (t 
 
 tt 
 
 Victor C.Dermont.. " " 
 
 « 
 
 u t* *t 
 
 Balaaoe, Hew Aooonnt. 
 
 206. 
 
 207 
 
 208 
 
 " 209. 
 
 t< 44 
 
 « 4( 
 
 •< (t 
 
 « (( 
 
 tt U 
 
 <• (4 
 
 u 14 
 
 210. 
 
 211 
 
 212, 
 
 218 
 
 214 
 
 216. 
 
 216. 
 
 " P. Danzas & Lux. . " their Sight Draft « "217. 
 
 " Merchandise •* Duty on Invoice Ho. 86 •* "218. 
 
 Mdse. 
 
 34478 
 
 2673 
 
 120 
 
 854 
 
 120 
 
 « 44 
 
 » (i 
 
 i* 4( 
 
 « it 
 
 819. 
 
 220. 
 
 34 
 
 Bills 
 Pat. 
 
 OD 
 
 H 
 
 § 
 
 p 
 aa 
 
 2459651, 1053190 
 
 8338 44 
 
 05 
 
 2979 
 
 63 
 
 69 
 
 3180 
 
 120 
 
 221. { 752 
 
 222. 
 
 " 228. 
 " 224. 
 " 226. 
 
 70 
 
 (• 44 
 
 42368 
 
 10 
 
 81 
 
 10841 
 
 5058 
 
 9206 
 
 89 
 
 6092077 
 
 68 
 
 19 
 
 18797 
 
 11977 
 
 300 
 
 39 
 
 64 
 
 300 
 
 407 
 
 82 
 
 350 
 
 79 
 
 300 
 
 600 — 
 
 400 — 
 
 1967090 
 
 63834|92 
 
 ""~r 
 
84 
 
 85 
 
 Dr. 
 
 MENOTTFS SALES ACCOUNT. 
 
 L m., r 9. 
 
 Ct. 
 
 1877. 
 
 L 
 
 F 
 
 March 2.. 
 
 m. 
 
 " 2.. 
 
 
 
 '• 2.. 
 
 
 
 " 3.. 
 
 
 18 
 
 " 2.. 
 
 
 
 " 3.. 
 
 
 
 " 3.. 
 
 
 
 " 15. . 
 
 
 
 " 22.. 
 
 
 
 " 22.. 
 
 
 
 • 22.. 
 
 
 19 
 
 '• 22.. 
 
 
 80 
 
 *• 22.. 
 
 I. 
 
 5 
 
 
 
 
 Received, per Steamer Alexandria, Capt. McKay, apon conBignment 
 account of Menotti & Fratella, Invoice Inward No. 27, 160 cases 
 Italian Braids. 
 
 To Cash For dnties, Cash Book, F 7. 
 
 (« u 
 
 •• Freight, " " " 7. 
 
 '* Charges. 
 
 <t t* 
 
 <« << 
 
 •< << 
 
 (• u 
 
 «« t4 
 
 Cartage, Labor, and Custom-house Fees. .198.50 
 
 Sundry Telegrams 16. — 
 
 Postage and Circulars 13. — 
 
 Cartage and Labor on Sale No. 82 20. — 
 
 << «• 
 
 «« M 
 
 41. 
 
 61, 
 
 80.- 
 
 80. 
 
 Storage and Repair of Cases 160. — 
 
 Insurance 
 
 viz.. Fire, J^ J< on $22000.—. 
 
 " Commission " 8 Jl^ on Sales. 
 
 7304 
 
 800 
 
 06 
 
 466 
 
 55 
 
 90623 
 
 50 
 
 ** Menotti & Fratella. For their Net Proceeds, due July 12th, 1877. 
 
 Rendered Account Sales, March 22, 1877. 
 
 9531 
 20676 
 
 79 
 01 
 
 80 
 
 1877. 
 March 8. . 
 
 10.. 
 
 15. 
 
 28. 
 
 m. 
 
 22. 
 
 •* 80.. 
 
 2 
 
 Shipped per Adams Express, for account of Reed 
 & Lockwood, Milwaukee, terms cash, 40 cases. 
 Invoice Outward No. 22. 
 
 By Cash Cash Book, F 7, for above sale. 
 
 Shipped per Adams Express, for account of Reed & 
 Lock wood, Milwaukee, @ 2 mos., 60 cases, In 
 voice Outward No. 41. 
 
 7364 
 
 90 
 
 By Bills Receivable. Ho. 40, for above Sale. 
 
 Shipped per Adams Express, for account of Reed & 
 Lock wood, Milwaukee, @ 4 mos., 60 cases. Invoice 
 Outward No. 52 
 
 By Bills Receivable. Ko. 42, for above Sale 
 
 9216 
 
 Remarks.— Consignments and Joint Accounts constructed in the above form, in which every item is assigned to its proper account, are perfect Journals in themselves, and it would be wasting time to do otherwise than post 
 directly from them to the Ledger. The Ledger Folios on top and in the second vertical column point out the postinn. 
 
 Close after the entry of each sale, whose amount is iiot extended at the time of first record, one or two lilies «e left empty, to be filled with the proper account and the amount extended, when cash or notes arrive in payment. 
 Account Sales are rendered as soon as the last sale is effected, but, if not sooner necessary, the account is not posted 111 the end of the month, leaving thus a margin for the record of cash or notes, if they come in till then. Should 
 they not come in, and it is intended to produce at the end of the month, or sooner, the Balance Sheet, then the proper uuaes of the purchaaers are placed in, with amounts extended, as debtors, and thus posted. 
 
 ■ ■»■ I r I 
 
I 
 
 II 
 
 
 86 
 
 8T 
 
 Dr. 
 
 SPECULATION CO. Wr H HARTINGTON BROS. 
 
 L UL^ 
 
 1877. 
 March 16. 
 
 m. 
 
 (« 
 
 16.. 
 
 << 
 
 16.. 
 
 « 
 
 16.. 
 
 «« 
 
 17.. 
 
 <( 
 
 17.. 
 
 M 
 
 19.. 
 
 " 19. . 
 
 " 20.. 
 
 •* 21.. 
 
 « 27.. 
 
 •« 80.. 
 
 •* 30.. 
 
 " 30.. 
 
 » 30.. 
 
 • 30.. 
 
 in. 
 
 18 
 
 19 
 
 20 
 
 6 
 
 14 
 
 Received from Canton, via Shanghai, per bark Lady Elizabeth, to be sold 
 on joint account of ourselves and Hartington Bros., each one half. 
 Invoice No. 32, viz. : 
 
 200 bales W @ 240. 
 
 48000 pes. White Canton Braids. 
 200 bales M @ 240. 
 
 48000 pes. Mottled Canton Braids. 
 
 Amount of Invoice, with additional charges in gold $35890. — 
 
 To Cash For our half Invoice, Cash Book, F 8. 
 
 ♦• Duties, •* ** 
 
 M M 
 
 U 
 
 ** Charges " Cartage, Labor, and Customhouse Fees, 316. — 
 
 M 
 
 <k 
 
 <( 
 
 Labor upon storing 400 bales 15. — 
 
 Sundry Telegrams 24. — 
 
 Cartage and Labor upon Sale No. 45 50. — 
 
 18797 
 11977 
 
 • < •« « «t •« M <l 
 
 << 4» «• « 
 
 « 
 
 <• •< 
 
 M »• 
 
 «• <« M •• •< 
 
 46 50.— 
 
 48 25.— 
 
 50 25. 
 
 00. ... 50.^— 
 
 Storage and Repidrs of bales 300. — 
 
 " Insurance " viz.. Fire, IjI jT on $36000.—. 
 
 Commission. 
 
 2 ^ on Sales. 
 
 Hartington Bros... " their half net proceeds, due June 2d, 1877. 
 Profit and Loss. ..." our half net gain 
 
 Rendered Account Sales, March 30. 
 
 854 
 
 90 
 
 1055 
 
 19393 
 
 39 
 64 
 
 27 
 
 20 
 
 See Remark at the end of Menotti's Sales Account. 
 
 :iJi^:,l,i^^i&Jk 
 
 ^^i^mmmt^i^ 
 
 10. 
 
 1877. 
 March 19. 
 
 27. 
 
 " 19... 
 
 • 
 
 23. 
 
 " 20... 
 
 29. 
 
 21.. 
 
 •24. 
 
 27.. 
 
 80. 
 
 m. 
 
 8 
 
 Shipped per American Express, for account of 
 Hastings & Qriffin, Chicago, @, 2 mos., 100 
 bales W, Invoice Outward No. 45. 
 
 By Bills Receivable. Ho. 88, for above Sale. 
 
 Shipped per Adams Express, to Wilson & Kelly, 
 Baltimore, terms cash, 50 bales W, 50 bales M, 
 Invoice Outward No. 46. 
 
 By Cash Cash Book, F 8, for above Sale. 
 
 Shipped per U. S. Express, for account of Union 
 Straw Works, St. Louis, @ 2 mos., 50 bales W, 
 Invoice Outward No. 48. 
 
 By Bills Receivable. Ko. 41, for above Sale. 
 
 Shipped per New Haven Steamboat Line, for 
 account of Baldwin & Pratt, Milford, Conn., 
 @ 4 mos., 50 bales M, Invoice Outward No. 50. 
 
 By Bills Receivable. Ko. 86, for above Sale. 
 
 Shipped per Stonington Line, for account of 
 A. Alden & Co., Middleborough, Mass., terms 
 cash, 100 bales M, Invoice Outward No. 56. 
 
 By Cash Cash Book, F 8, for above Sale. 
 
 16296 
 
 12972 
 
 8064 
 
 5292 
 
 10139 
 
 Cr. 
 
 31 52763 
 
 31 
 
 5276331 
 
 1 
 
88 
 
 l«il 
 
 it 
 
 $ 
 
 O 
 O 
 
 o 
 
 "A 
 
 QO 
 
 O 
 
 <5 
 
 O 
 
 i 
 
 © a 
 
 © *^ 
 ^ a 
 
 i-O CO 
 
 " o 
 
 ^ o 
 
 03 o 
 
 "* d 
 
 s 
 
 0) 
 
 © 
 
 CO O 
 
 O 0) 
 
 O 
 
 a a 
 
 U CD 
 
 § a 
 
 o >^ 
 
 <^ 
 
 •- s 
 
 O CO 
 © O 
 
 d 
 o 
 
 
 © 
 
 00 
 
 H X 
 
 PS 
 
 oo 
 
 «< 
 
 a 
 
 O 
 
 s 
 
 ss 
 
 00 
 
 n s 
 
 s 
 
 g 
 
 00 
 
 o 
 
 z ^ 
 
 M 2 I §g 
 
 b9 
 
 09 
 
 
 04 
 
 S S S 8 i g 
 
 '^ MS A ?Ss M^ :^- 
 
 
 
 ?f ^ o^ «i'" ^^ s^ i^-^g^^ 
 
 S SS 2S 2| 2S ^S S¥ St 2g 
 
 
 pq 
 
 
 s 
 
 ^ s 8 s gs « « 
 
 .4 
 
 •s 
 
 a 
 « 
 
 i 
 
 a 
 
 04 
 
 
 ■I 
 
 I 
 
 s 
 
 ■c 
 
 S 6 
 
 tt 
 
 6 
 
 00 
 
 a 
 
 M 
 
 a 
 I 
 
 I 
 
 O 
 
 a 
 « 
 
 «9 
 § 
 
 
 «« M 
 
 
 08 
 
 3 cS 5 
 
 I 
 
 •9 
 
 o 
 a 
 « 
 
 »- « 
 
 
 
 ol 
 Ol 
 
 I 
 
 JOURNAL. 
 
 The Journal in this system of Book-keeping is a book of original entry, like all 
 otliers, and contains the record of such entries only that could not be properly made 
 in any other book. Their number will be comparatively small. 
 
 ITew York, Monday, March 5, 1877. 
 
 m. 
 
 m. 
 
 2 
 
 14 
 
 m. 
 
 2 
 
 n. 
 
 m. 
 
 16 
 
 m. 
 
 5 m. 3 
 
 MENOTTI & FRATELLA, TO BILLS PAYABLE. 
 
 Ho. 27. For their draft upon us @ 4 mos., Feb. 11, payable 
 at Paris, drawn against invoice of their consignment, 
 Frcs. 30000 @20i^ 
 
 n. 6 
 
 1 
 
 2 
 8 
 
 4 
 6 
 
 8. 
 
 SUNDRIES, TO G. GLENMORE & CO. 
 
 For compromise ol 50 5^ of their account effected on 6th inst. : 
 Bills Receivable. No. 24. For their note @, 6 mos., 7th 
 inst., indorsed by the cashier of the Allegheny Homestead 
 
 Bank, of Pittsburg, bearing interest at 7 ^ 
 
 Profit and Loss. For Balance of their account. . . . 
 
 14. 
 
 BILLS RECEIVABLE, TO SUNDRIES. 
 
 For notes as follows, viz. : 
 
 Schuyler & Wood. . Ko. 19, @ 3 mos., Feb. 22d, for amt. of sale 25 
 Hastings & Griffin . « 20, @ 2 *' " 24th, " " 26 
 
 De Forest Bros ..." 28, @ 2 " " 26th, " •« 27 
 
 Dwyer& Goodwin. " 26, @ 3 " " 27th, " "28 
 
 6150 
 
 102580 
 102580 
 
 1564 
 
 1440 
 
 10200 
 
 9535 
 
 205160 
 
 G. Ellsworth & Co. " 27, @ 3 *' " 28th, " « 29 2910 
 
 90 
 
 17. 
 
 NATIONAL PARK BANK TO U. S. BONDS. 
 
 For 110.000 U. S. Bonds, 5-20s, 1868 coupon, at 113, deposited 
 as security for overdrafts 
 
 25649 
 
 90 
 
 11300 — 
 
90 
 
 6. 
 
 91 
 
 New York, Saturday^ March 17, 1877. 
 
 LEDGERS. 
 
 ' I 
 
 'f 
 
 f.' < 
 
 L 
 
 F 
 
 L 
 
 p 
 
 
 
 
 
 
 r 
 
 m. 
 
 2 
 
 in. 
 
 3 
 
 BILLS RECEIVABLE, TO BILLS PAYABLE. 
 
 For Oswald Garland's note Ho. 30, @ 2 moB.,this inet., our 
 favor, in exchange for a like note of ours, Ko. 32, for 
 
 28. 
 
 
 
 1200 
 
 — 
 
 III. 
 
 6 
 
 ni. 
 
 15 
 
 U. S. BONDS, TO NATIONAL PARK BANK. 
 
 For our $10000 U. S. Bonds 5.20s, 1868 coapon, withdrawn 
 from deposit, valued (^ 113 
 
 
 
 11800 
 
 
 
 
 
 
 27. 
 
 
 
 
 
 m. 
 
 13 
 
 
 
 REAL ESTATE, TO SUNDRIES. 
 
 For Payments upon House and Lot in Spring Street, bought 
 without incumbrance, for $50500, viz. : 
 
 
 
 
 
 
 
 m 
 
 K 
 
 U. S. Bonds for $30000, 5-20s, 1868 coujion, @ 113 
 
 88900 
 
 ^^ 
 
 
 
 
 
 
 16 
 
 Mortgage Payable for balance of Purchase, leas $500 for 
 
 
 
 
 
 
 
 
 
 rent paid in advance, at 5 5^ interest, from April 1st, pay- 
 
 
 
 
 
 
 
 m. 
 
 7 
 
 able semi-annually 
 
 16100 
 500 
 
 — 
 
 50500 
 
 
 
 Rent for 2 months, paid in advance 
 
 
 
 
 
 
 81. 
 
 
 
 
 
 m. 
 
 2 
 
 m. 
 
 2 
 
 BILLS RECEIVABLE, TO SUNDRIES. 
 
 Ko. 43. For D. Wilkinson & Co.'s acceptance of Halpin & 
 Macy's draft, our favor, drawn payable at the Merchants' 
 Bank, this city, @ 80 days, 30th inst. : 
 
 Bills Receivable. For Note of Halpin & Macy, Ho. 18, due 
 80th inst. . compromised and renewed 
 
 4723 
 
 20 
 
 
 
 
 
 ui. 
 
 8 
 
 Interest and Premium. For 7 % interest up to maturity. . . 
 
 30 
 
 31 
 
 4758 
 
 51 
 
 1 
 
 
 
 \ 
 
 In accordance with instructions, and for reasons given on pages 17 and 44, 
 three Ledgers are kept : Ledger L for the Creditors, Ledger IL for the Debtors, 
 and Ledger IIL for Property and Profit and Loss Accounts. 
 
 The Ledgers have no other function than to gather under the head of the 
 respective accounts the compiled results of other books, and to furnish the differ- 
 ences of these accounts to the Balance Sheet, on whose face the adjustment of the 
 final statement takes place. 
 
 While Balance Sheets are made out as often as desired, the Ledgers, having 
 nothing to do with these proceedings, remain open, and when, at the close of the 
 year or at the opening of a new Set of Books, balances are to be brought forward, 
 this mere mechanical work can be performed by any clerk, and is easily controlled. 
 (See remark, page 45.) 
 
 In actual business, each Ledger has its own index. In this Set with only one 
 month's business, one index is sufiicient for all. 
 
 INDEX 
 
 TO LEDGER I., II., III. 
 
 Every account should be indexed before opening its heading on the Ledger. 
 
 B 
 
 Bills Receivable L III. Fol. 2 
 
 Bills Payable . .L III. Fol. 3 
 
 C 
 
 Cash L III. Fol. 1 
 
 Charges L III. Fol. 18 
 
 Commission L III. Fol. 20 
 
 Dermont, Victor LI. 
 
 Danzas, P., & Lux LI. 
 
 De Forest Bros L II. 
 
 Dwyer & Goodwin L II. 
 
 E 
 
 Ellsworth, G., & Co L IL 
 
 Expense L IIL 
 
 H 
 
 Hartington Bros LI. Fol. 6 
 
 Hastings & Griffin L IL Fol. 2 
 
 I 
 
 Interest and Premiums L IIL Fol. 8 
 
 Insurance L IIL Fol. 19 
 
 Loans l IIL Fol. 11 
 
 Fol. 
 
 2 
 
 Fol. 
 
 3 
 
 Fol. 
 
 3 
 
 Fol. 
 
 4 
 
 Fol. 
 
 5 
 
 Fol. 
 
 17 
 
 M 
 
 Murray, Oliver L L Fol. 1 
 
 Meuotti & Fratella L I. FoL 5 
 
 Merchandise L IIL Fol. 4 
 
 Menotti's Sales Account L III. Fol. 9 
 
 Mortgage Pay L IIL FoL 16 
 
 X 
 
 National Park Bank L III. Fol. 15 
 
 O 
 
 Office L IIL FoL • 
 
 Parson, Wm., & Bros L IL FoL 8 
 
 Profit and Loss L IIL Fol. 14 
 
 Rapp, Wm., & Co LL FoL 4 
 
 Rent L IIL FoL 7 
 
 Real Estate L IIL FoL 13 
 
 Schuyler & Wood L 11. FoL 1 
 
 Swift, J. C L IL FoL 7 
 
 Speculation Co L III. Fol. 10 
 
 T 
 
 Travelling Account L III. FoL 12 
 
 U 
 
 U. S. Bonds L IIL FoL 5 
 
 ('1 
 
92 
 
 FoUo 1. 
 
 Dr. 
 
 LEDGER I. 
 
 Olivkr Murray. 
 
 Or. 
 
 1877. 
 March 31 
 
 To Cash. 
 
 C B 
 
 600 
 
 1877. 
 March 1 . . 
 
 Bj Balance. 
 
 88866.80 
 
 88966 
 
 20 
 
 Dr. 
 
 Victor C. Dermont. 
 
 Folio 2 
 Cr. 
 
 1877. 
 March 1, 
 
 By Balance. 
 
 68910.80 
 
 Dr. 
 
 P. Danzas & Lux, Havre. 
 
 Folio 8. 
 Cr. 
 
 1877. 
 March 26. 
 
 To Cash i C B 
 
 40779 
 
 1877. 
 March 1 . . By Balance 
 
 " 31.. " Merchandise.... PB 
 
 1104.66 
 
 867 
 
 77 
 
 114467 
 
 Dr. 
 
 Wm. Rapp & Co., Hamburg. 
 
 Folio 4. 
 Or. 
 
 1877. 
 March 12. 
 
 To Cash. 
 
 C B 248 84 
 
 1877. 
 March 1.. By Balance 
 
 " Merchandise. .. . 
 
 81.87 
 
 P B 
 
 189 
 90 
 
 72 
 49 
 
 Dr. 
 
 G. Menotti & Fratella, Florence. 
 
 FoUo 6. 
 Cr. 
 
 1877. 
 March 5. 
 
 To Bills Payable. 
 
 J 6 
 
 6150 
 
 1877. 
 March 22. j By Menotti's Sales Ace. 
 
 14686.01 
 
 8 A 
 
 20676 
 
 01 
 
 Dr. 
 
 Hartington Brothers. 
 
 FoUo 6. 
 Cr. 
 
 1877. 
 March 27. 
 
 By Speculation Co. . . 
 19898.80 
 
 19398 
 
 20 
 
 Dr. 
 
 93 
 
 LEDGER II. 
 
 Schuyler & Wood, Hillstown, Conn. 
 
 FoUo 1. 
 Cr. 
 
 1877. I 
 March 1.. To Balance 
 
 81. 
 
 " Merchandise 
 
 I860.— 
 
 1564 90 
 
 8 B 1250 
 
 1877. 
 March 14. By Bills Receivable. . ! J 5 1564*90 
 
 Dr. 
 
 Hastings & Griffin, Chicago, 111. 
 
 1877. 
 March 1.. 
 
 To Balance 
 
 1440 
 
 1877. 
 March 14. 
 
 By Bills Receivable. . 
 
 J 6 
 
 Dr. 
 
 De Forest Bros., New Orleans, La. 
 
 1877. 
 March 1 . . 
 
 « 24.. 
 
 To Balance 
 
 " Merchandise 
 
 14888.- 
 
 8 B 
 
 10200 — 
 14288 — 
 
 1877. 
 March 14. 
 
 By Bills Receivable. 
 
 J 5 
 
 Dr. 
 
 DwYER & Goodwin, Westborough, Mass. 
 
 1877. 
 March 1.. 
 
 « 30.. 
 
 To Balance 
 
 " Merchandise. ... 
 6967.80 
 
 8 B 
 
 9535 
 6967 
 
 80 
 
 1877.- 
 March 14. 
 
 By Bills Receivable.. 
 
 J 6 
 
 Dr. 
 
 G. Ellsworth & Co., South Norwalk, Conn. 
 
 1877. 
 March 1 . . 
 
 To Balance. 
 
 2910 
 
 1877. 
 March 14. 
 
 By Bills Receivable. . 
 
 J 6 
 
 Dr. 
 
 G. Glenmore & Co., Pittsburg, Pa. 
 
 1877. 
 March 1. 
 
 To Balance 
 
 2051 
 
 60 
 
 1877. 
 March 8. 
 
 By Sundries. 
 
 J 6 
 
 Dr. 
 
 J. C. Swift. 
 
 1877. 
 March 1. 
 
 << 
 
 81.. 
 
 To Balance 
 " Cash... 
 
 184.66 
 
 
 
 
 1877. 
 
 
 85 
 
 — 
 
 March 31. 
 
 C B 
 
 1800 
 
 — 
 
 
 By Sundries. 
 
 E B 
 
 Dr. 
 
 1877. 
 March 27. 
 
 Wm. Parson & Bros., Philadelphia, Pa. 
 
 To Merchandise 
 
 8880.— 
 
 8 B 
 
 3880 
 
 FoUo 8. 
 
 Cr. 
 
 1440 — 
 
 FUio 8. 
 Cr. 
 
 loaoo — 
 
 Folio 4. 
 Cr. 
 
 9535 
 
 Folio 6. 
 Cr. 
 
 2910 
 
 Folio 6. 
 Cr. 
 
 2051 
 
 60 
 
 Folio 7. 
 Cr. 
 
 1750 45 
 
 Folio 8. 
 Cr. 
 
 ^^a f^.'.' -' i^ . 
 
94 
 
 LEDGER III. 
 
 Dr. 
 
 Cash. 
 
 FoUo 1. 
 Cr. 
 
 1877. 
 
 March 1 . . 
 " 31.. 
 " 31.. 
 " 31.. 
 
 To Balance 
 
 ** Merchandise 
 
 " Bills Receivable. 
 
 " Sundries 
 
 19870.20 
 
 CB 
 
 « 
 
 4417884 
 2062153 
 708481— 
 3147621 
 
 1877. 
 
 March 31 
 " 31 
 " 31. 
 
 By Merchandise.. 
 " Bills Payable. 
 " Sundries 
 
 CB 
 
 
 i 
 
 42368 
 60020 
 48964 
 
 89 
 77 
 72 
 
 Dr. 
 
 Bills Receivable. 
 
 Folios. 
 Cr. 
 
 1877. 
 
 March 1. 
 
 •• 8. 
 
 " 14. 
 
 " 17. 
 
 " 31. 
 
 " 31. 
 
 " 31. 
 
 " 31. 
 
 To Balance 
 
 " (i. Glenmore&Co. 
 
 " Sundries 
 
 " Bills Payable 
 
 " Sundries 
 
 ** Merchandise 
 
 " Menotti's Sales Ace 
 
 •* Speculation Co . , . 
 
 814266.94 
 
 J6 
 J6 
 J6 
 J6 
 SB 
 ■ 8 
 SCO 
 
 120192 
 
 1025 
 
 25649 
 
 1200 
 
 4753 
 
 84521 
 
 22842 
 
 29652 
 
 70 
 80 
 90 
 
 51 
 
 33 
 90 
 
 1877. 
 
 March 31 
 " 31. 
 
 By Cash 
 
 " Bills Receivable. 
 
 CB 
 J6 
 
 70848 
 4723 
 
 20 
 
 Dr. 
 
 Bills Payable. 
 
 FoUo 8. 
 Cr. 
 
 1877. 
 
 March 31.. 
 " 31.. 
 
 To Cash 
 
 " Merchandise 
 
 C B 
 FA 
 
 60920 
 564 
 
 77 
 36 
 
 1877. 
 
 March 1 . . 
 " 5.. 
 •• 17.. 
 " 31.. 
 
 By Balance 
 
 " G. Menotti & Fratella 
 " Bills Receivable.... 
 
 " Merchandise 
 
 880811.46 
 
 J6 
 PB 
 
 152670 
 6150 
 1200 
 
 121675 
 
 92 
 
 66 
 
 Dr. 
 
 Merchandise. 
 
 FoUo 4. 
 
 Cr. 
 
 1877. 
 
 March 1. 
 " 31. 
 " 31. 
 •• 31. 
 " 31. 
 
 To Balance 
 
 * * C!ash 
 
 " Bills Piyibie.".*."! 
 
 " Sundries 
 
 " J. C. Swift 
 
 107768.04 
 
 CB 
 PB 
 PB 
 £B 
 
 74216 — 
 
 42368 89 
 
 121675 66 
 
 123516 
 
 359 35 
 
 1877. 
 
 March 31. 
 
 " 81. 
 
 • 31. 
 
 " 81. 
 
 By Cash 
 
 '* Bills Receivable. 
 
 " Sundries 
 
 '* Bills Payable. . . 
 
 CB 
 SB 
 SB 
 FA 
 
 20621 
 
 84521 
 
 2638.5 
 
 564 
 
 53 
 
 80 
 36 
 
 Dr. 
 
 IT. S. Bonds. 
 
 FoUo 6. 
 
 Cr. 
 
 1877. 
 
 March 1. 
 " 23. 
 
 To Balance , 
 
 " Nat. Park Bank. 
 160.- 
 
 J6 
 
 84050 
 11300 — 
 
 1877. 
 
 March 17. 
 " 27. 
 
 By Nat. Park Bank. 
 " Real Estate 
 
 J6 
 J6 
 
 11300 
 33900 
 
 Dr. 
 
 95 
 
 Office. 
 
 FoUo 6. 
 Cr. 
 
 1877. 
 
 March 1. 
 •• 81. 
 
 To Balance . . . 
 " J. C. Swift. 
 
 960. 
 
 E B 
 
 600 
 350 
 
 1877. 
 
 Dr. 
 
 Kent. 
 
 FoUo 7. 
 
 Cr. 
 
 1877. 
 March 1. 
 
 To Balance. 
 
 500 
 
 1877. 
 March 27.' By Real Estate. 
 
 J6 
 
 500 
 
 FoUo 8. 
 
 Dr. 
 
 
 
 Interest 
 
 AND PrEMII 
 
 LJM. 
 
 
 Cr. 
 
 1877. 
 March 16. 
 
 To Cash 
 
 
 C B 
 
 76 
 
 09 
 
 1877. 
 
 March 1 . . 
 " 31.. 
 
 By Balance 
 
 " Bills Receivable. . 
 
 J 6 
 
 1 
 
 1 
 
 18 63 
 
 
 87.15 
 
 3031 
 
 Dr. 
 
 Menoiti's Sales Aa^ouNT. 
 
 FoUo 9. 
 Cr. 
 
 1877. 
 
 March 2. 
 
 • 2. 
 
 • 22. 
 22. 
 22. 
 22. 
 
 
 ToCash C B 
 
 *' " ; C B 
 
 •• Charges | M 8 
 
 '• Insurance i K 8 
 
 *• Commission j X 8 
 
 •' G.Meuotti& Fratella: K 8 
 
 1 
 
 
 1877. 
 
 7304 
 
 06 
 
 March 10. 
 
 800 
 
 -— 
 
 " 28. 
 
 466 
 
 50 
 
 " 30. 
 
 55 
 
 — 
 
 
 906 
 
 >3 
 
 
 20676 
 
 01 
 
 • 
 
 By Cash 
 
 '* Bills Receivable. 
 
 C B 736490 
 X 8 1 9216 — 
 M S 13626 90 
 
 Dr. 
 
 Speculation Company wfih Habtington Bros. 
 
 Fdio 10. 
 Cr. 
 
 1877. 
 
 March 
 
 16. 
 
 
 16. 
 
 
 27. 
 
 
 27. 
 
 
 27. 
 
 
 27. 
 
 t( 
 
 27. 
 
 To Cash. 
 
 CB 
 CB 
 
 Charges 8 Co. 
 
 Insurance 8 Co. 
 
 Commission 8 Co. 
 
 Hartington Bros.. I 8 Co. 
 Profit and Loss. . . 8 Co. 
 
 18797 
 
 11977 
 
 854 
 
 90 
 
 1055 
 
 19393 
 
 595 
 
 39 
 64 
 
 27 
 20 
 
 81 
 
 1877. 
 
 March 
 
 23. 
 
 ii 
 
 30. 
 
 i< 
 
 24. 
 
 it 
 
 27. 
 
 ti 
 
 29. 
 
 By Cash 
 
 Bills Receivable. 
 
 < < 
 
 C B 
 £B 
 8 Co. 
 8 Co. 
 8 Co. 
 
 12972 — 
 10139|31 
 
 5292 — 
 16296 — 
 
 8064- 
 
 Dr. 
 
 
 
 Loans. 
 
 
 
 FoUo 11. 
 Cr. 
 
 1877. 
 March 5. . 
 
 To Cash '. 
 
 CB 
 
 1000 
 
 — 
 
 1877. 
 March 26. 
 
 By Cash 
 
 C B 
 
 1000 
 
 
 
 
 
 Dr. 
 
 
 Travelling Account. 
 
 
 FoUo 18. 
 Cr. 
 
 1877. 
 March 12. 
 
 To Cash 
 
 C B 
 
 202 
 
 91 
 
 1877. 
 
 
 
 
 
 
 808.91 
 
 
 Dr. 
 
 
 
 Real Estate. 
 
 • 
 
 
 FoUo IS. 
 
 Cr. 
 
 1877. 
 March 27. 
 
 To Sundries 
 
 J 6 
 C B 
 
 50500 
 350 
 
 — 
 
 1877. 
 
 
 
 
 
 •' 28. 
 
 " Cash 
 
 
 
 60850.— 
 
 
9G 
 
 Dr. 
 
 
 
 PrOI'IT and JjOSi 
 
 J. 
 
 
 FoUo 14. 
 C]-. 
 
 1877. 
 March 8. 
 
 . To G. Glenmore & Co. J 6 
 429.99 
 
 1877. 
 102580 March 27 
 
 . By Speculation Co.. 
 
 . SCO. 
 
 595 81 
 
 Dr. 
 
 " ' . ^j [ r 
 
 FoUo 15. 
 National Park Bank. q,. 
 
 1877. 
 March 17 
 
 • ToU.S. Bonds 
 
 . J5 
 
 11300- 
 
 1877. 
 - March 23 
 
 . ByU.S. Bonds 
 
 . J6 
 
 11300 — 
 
 Dr. 
 
 « 
 
 Mortgage Payable. 
 
 FoUo 16. 
 
 Cr. 
 
 1877. 
 
 
 
 
 1877. 
 March 27. 
 
 By Real Estate 
 
 16100.— 
 
 J6 
 
 1610( 
 
 1 — 
 
 Dr. 
 
 Expense. 
 
 1 
 FoUo 17. 
 
 Cr. 
 
 1877. 
 March 31. 
 
 To J. C. Swift 
 
 180.60 
 
 EB 
 
 180 6( 
 
 1877. 
 ) 
 
 
 
 
 
 Dr. 
 
 FoUolS. 
 
 Charges. q^^ 
 
 1877. 
 March 31. 
 
 To J. C.Swift 
 
 EB 
 
 860 oC 
 
 1877. 
 ) March 22. 
 
 •* 27. 
 
 By Menotti'8 Sales Ace. 
 
 " Speculation Co 
 
 460.— 
 
 1 
 8 Co. 
 
 466 
 
 854 
 
 50 
 
 Dr. 
 
 FoUo 19. 
 
 Insurance. q^^ 
 
 1877. 
 
 
 
 
 1877. 
 March 22. 
 
 " 27. 
 
 ByMenotti's Sales Ace. 
 
 *' Speculation Co 
 
 146.— 
 
 KS 
 
 8 Co. 
 
 55 
 90 
 
 - 
 
 Dr. 
 
 FblioSO. 
 Commission. q^ 
 
 1877. 
 
 
 ! 
 
 ■ 
 
 1877. 
 March 22. 1 
 
 •* 27. 
 
 By Menotti'8 SalesAcc. 
 
 " Speculation Co 
 
 1961.50 
 
 M8 
 
 8 Co. 
 
 906S 
 1055 S 
 
 13 
 
 17 
 
 97 
 
 TRIAL BALANCE. 
 
 Oliver Murray 
 
 Victor C. Dermont 
 
 P. Danzas & Lux 
 
 Wm. Rapp & Co 31 
 
 G. Menotti & Fratella 14526 
 
 Hartington Bros 19393 
 
 $1104 65 
 37 
 01 
 20 
 
 Sundry Creditors. 
 
 Schuyler & Wood $1250 — 
 
 De Forest Bros 14288 
 
 Dwyer & Goodwin 6967 80 
 
 J. C. Swift 13455 
 
 Wm. Parson & Bros 3880 
 
 Sundry Debtors 26520 
 
 Cbuih 
 
 Bills Receivable 
 
 Bills Payable 
 
 Mortgage Payable 
 
 Merchandise 
 
 U. S. Bonds 
 
 Real Estete 
 
 Office 
 
 Inerest and Premium. 
 Travelling Account. . . 
 
 Profit and Lobs 
 
 Expense 
 
 Charges 
 
 Insurance 
 
 Commiasion 
 
 20 
 5891080 
 
 35055 
 
 33 
 
 35 
 
 19870 20 
 
 214266 
 
 107762 
 
 150 
 
 50850 
 
 950 
 
 27 
 
 94 
 
 04 
 
 15 
 
 22021145 
 16100'— 
 
 202 91 
 
 429 
 180 
 
 421210 
 
 99 
 60 
 
 18 
 
 460 
 
 145 — 
 
 196150 
 
 42121o!l8 
 
 
' 
 
 98 
 
 99 
 
 CTJRREIN^T sbrOCK: BOOK. 
 
 
 a 
 
 o 
 525 
 
 < 
 m 
 
 % 
 o 
 
 • 
 
 o 
 
 Milan 
 
 t*nh\. 
 
 
 Monntain 
 
 B. 
 
 und 
 
 Blaekand 
 
 Ch 
 
 tm. 
 
 Bordurei. 
 
 Manila. 
 
 PedaL 
 
 Leghorn 
 
 I 
 
 1 
 
 •ntm^t- 
 
 Lvftra. 
 
 Hai 
 
 l«M»lk 
 
 Gents' Hate. 
 
 7 End 
 
 11 End 
 
 7 End 
 
 11 End 
 
 1 
 
 Bla^aad 
 
 
 Extra. 
 
 IfOOVug. 
 
 Baady. 
 
 White. 
 
 vlUy. 
 
 Hate. 
 
 t 
 
 JfeOUQUt 
 
 Bound. 
 
 Zi^ag. 
 
 @57. 
 
 @66. 
 
 @43. 
 
 @45. 
 
 Whita. 
 
 DATE. 
 
 ITALIAN BBAinS. 
 
 GERMAN BRAIDS. 
 
 SWISS BRAinS. 
 
 Englisli 
 
 
 I^IBOES. 
 
 DOZENS. 
 
 
 DOZENS. 
 
 PIECE& 
 
 
 I>r. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 1 
 Cr. Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 Dr. 
 
 Cr. 
 
 1 
 Dr. Cr. 
 
 Dr. 
 
 Gr, 
 
 Feb'ry 28. 
 
 on I 
 
 Land 
 
 488 
 
 
 800 
 
 
 1170 
 
 
 1 
 i 
 
 1600 
 
 
 2400 
 
 
 2400 
 
 
 900 
 
 
 2400 
 
 
 410 
 
 
 800 
 
 
 1 
 
 1900 
 
 
 4160 
 
 
 4500 
 
 
 2600 
 
 
 2600 
 
 
 1 
 3300 
 
 
 16200 
 
 
 1 
 12600 
 
 
 5500 
 
 
 11100 
 
 
 14900 
 
 1 
 
 March 1 . 
 
 25 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 5800 
 
 
 6800 
 
 
 5600 
 
 
 5400 
 
 1 
 
 
 
 2. 
 
 26 
 
 iiO 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 2000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 4200 
 
 3. 
 
 
 31 
 
 
 
 
 400 
 
 
 
 
 
 
 
 
 2400 
 
 
 900 
 
 
 
 
 . 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 ■ 
 
 
 
 
 
 5. 
 
 28 
 
 33 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 1 
 
 3900 
 
 
 1920 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 4500^ 
 
 8. 
 
 29 
 
 34 
 
 
 
 
 
 
 
 
 
 
 
 
 
 4500 
 
 
 
 
 1640 
 
 410 
 
 
 400 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 9. 
 « 10. 
 
 
 35 
 36 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 • 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 16200 
 
 
 
 
 
 
 
 
 4200 
 
 " 13. 
 
 30 
 
 37 
 
 
 488 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 1200 
 
 
 
 
 
 900 
 
 
 640 
 
 
 300 
 
 
 400 
 
 
 400 
 
 
 450 
 
 
 
 
 
 
 
 
 
 
 
 
 •* 14. 
 
 31 
 
 38 
 
 1440 
 
 
 3400 
 
 
 
 
 
 
 
 
 9600 
 
 
 
 
 4800 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 13600 
 
 
 
 
 
 
 
 " 15. 
 
 
 39 
 40 
 
 
 
 
 
 
 
 
 
 
 600 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 2100 
 
 
 1400 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 - 16. 
 
 
 42 
 
 
 
 
 400 
 
 
 1170 
 
 
 1600 
 
 
 
 
 
 
 900 
 
 
 
 
 
 
 
 t 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 " 17. 
 " 19. 
 *• 20. 
 
 sale 
 
 40 
 
 ri't'd 
 
 33 
 
 43 
 44 
 
 47 
 
 
 480 
 
 
 400 
 
 
 
 
 
 600 
 
 
 
 2400 
 
 
 900 
 
 
 1200 
 1200 
 
 
 
 
 
 1 
 
 
 
 
 
 
 
 
 
 800 
 
 
 1 
 
 900 
 
 17400 
 
 
 20400 
 
 
 16800 
 
 
 16200 
 
 
 
 
 •• 21. 
 
 
 49 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 \ 
 
 1 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 4000 
 
 ^9^7 • 
 
 
 51 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 410 
 
 
 400 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 " 24. 
 
 34 
 
 53 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 800 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 9000 
 
 
 " 26. 
 
 
 54 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 11100 
 
 
 5500 
 
 
 
 " 27. 
 
 
 55 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 800 
 
 
 1200 
 
 
 
 
 
 
 
 
 
 
 
 *• 28. 
 
 35 
 
 
 
 
 
 
 2340 
 
 
 2400 
 
 
 2400 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 " 29. 
 
 36 
 
 57 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 1 
 
 
 
 
 
 
 
 
 1000 
 
 
 1200 
 
 
 
 i 
 
 t 
 
 
 
 
 
 
 2500 
 
 " 30 
 
 
 58 
 
 1928 
 960 
 
 968 
 
 3200 
 2000 
 
 1200 
 
 3510 
 
 780 
 1950 
 
 4000 
 2000 
 
 400 
 
 • 
 
 2000 
 
 5400 
 
 2700 
 
 
 4800 
 
 5400 
 2700 
 
 2700 
 
 7200 
 
 8600 
 
 
 
 2800 
 1200 
 
 1600 
 
 t 
 
 ■i 
 
 -Vo 
 
 ) 
 
 1 
 
 t 
 
 3900 
 
 4800 
 
 1 
 
 1920 
 
 4800 
 3700 
 
 2100 
 
 1 
 3000 
 
 1600 
 
 1400 
 
 4000 
 2400 
 
 1600 
 
 4950 
 
 2100 
 
 
 
 
 
 
 
 
 1 
 
 
 
 Total 
 
 1 
 1 
 
 I 
 
 3300 
 
 1 
 
 12000 
 
 2050 
 1230 
 
 820 
 
 3940016200 
 
 39800 
 
 12600 
 
 27900 
 
 11100 
 
 32700 
 
 -| 
 
 1 
 
 5500; 
 
 28400 
 
 14900 
 
 March 31, c 
 
 >n ba 
 
 ind. . 
 
 1560 
 
 
 2100 
 
 1 
 
 7200 
 
 8600 
 
 
 i 
 
 2880' 
 
 1 
 
 2850 
 
 
 28200 
 
 
 27200 
 
 
 16800 
 
 
 27200 
 
 
 13500 
 
 
100 
 
 lUl 
 
 ACCOUNT OF STOCK. 
 
 The Account of Stock, or commonly called the Inventory, ig taken, whenever 
 needed, from the balances of the Current Stock Book, in the manner described on 
 page 44. In order to have a real state of business, and not one based upon anticipa- 
 tion, which ought to be entirely excluded from Book-keeping, the goods remaining 
 unsold are to be valued at actual cost price, which is to be made out for each article 
 at the time of the arrival of the Invoices, to be recorded in some tabular form, and 
 there held ready for any emergency. 
 
 G00D8 REMAINING UNSOLD, March 31, 1877, Valued at Actual Cost Price. 
 
 4 cases 
 
 6 •' 
 
 4 " 
 
 5 •• 
 
 7 " 
 9 " 
 3 " 
 
 6 " 
 3 " 
 3 " 
 
 960 pes. Milan Extra, 42/45. 
 
 2000 • Coburg, 50/54. 
 
 Mountain, 60/64. 
 
 R. and Ready, 16/17. 
 
 1560 
 2000 
 2100 
 7200 
 2700 
 8600 
 
 
 8 
 
 9 
 
 9 
 
 8 
 24 
 19 
 4 
 4 
 8 
 5 
 
 ao 
 
 Black and White, 48/50 @ 
 
 Chip, 80/40 @ 
 
 Bordures, 40/45 @ 
 
 Manila, 60/54 @ 
 
 1280 doz. Pedal @ 
 
 1200 " leghorn Hats @ 
 
 7 3500 pes. German White, No. 280 ^ 
 
 •i: 
 
 « 
 
 1 400 " 
 
 1600 •• 
 
 1280 *' 
 
 2700 " 
 
 1600 " 
 
 2400 doz. 
 
 2850 " 
 
 Black, 
 
 iUBtre, 
 
 279. 
 270. 
 272. 
 402. 
 
 
 Rough @ 
 
 Gentd' HatB, Round @ 
 
 " Zigzag @ 
 
 <« 
 
 23200 pes. 7 end Simples. 
 27200 " 11 " « . 
 
 16800 ♦' 7 " " . 
 
 27200 " 11 " 
 
 «< 
 
 .% 
 
 ,% 
 
 % 
 
 13600 " English Black and White ^ 
 
 House and Lot in Spring Street, at cost price 
 
 $4.18 
 6.12 
 2.12 
 1.78 
 1.41 
 2.66 
 8.76 
 5.01 
 6.57 
 15.83 
 .12 
 .11 
 .18 
 .14 
 .11 
 . 6 
 1.68 
 1.48 
 .16 
 .18 
 .12 
 .18 
 .48 
 
 4012 
 12240 
 8807 
 3560 
 2961 
 18432 
 10162 
 18036 
 6851 
 18996 
 420 
 44 
 206 
 179 
 297 
 96 
 8672 
 4075 
 8712 
 4896 
 2016 
 8636 
 6480 
 
 80 
 
 20 
 
 10 
 
 20 
 
 60 
 
 128179 
 
 80 
 
 60860 — 
 
 The next in order is to perfect the memorandum of Resources and Liabilities, lying outside of the 
 licdger and the Inventory. In this Set there is but the Interest to be made out, pending on G. Olen- 
 mqre & Co.'s note since 7th instant, and in the accounts current with P. Danzas & Lux and William 
 Rapp & Co. 
 
 P. Danzas & Lux in Account Current and Interest Account at 7 ^ to March 
 
 . 31, 1877, with Murray & Dermont. 
 
 1876. 
 
 Frcs. 
 
 
 \ 
 
 
 
 
 1876. 
 
 
 
 
 Frcs. 
 
 
 i 
 
 Dec. 27. 
 
 To their Sight Draft 
 
 2000 
 
 — 3 
 
 4 
 
 3656 
 
 Nov. 5. 
 
 By 
 
 Forw'g 
 
 Inv. 
 
 No. 1, 360 — 
 
 426 
 
 1023 
 
 1877. 
 
 
 
 
 
 
 
 " 13. 
 
 (( 
 
 « 
 
 4< 
 
 " 3, 703!— 
 
 418 
 
 1886 
 
 Jan. 28. 
 
 t( •< t< << 
 
 2000 
 
 - 2 
 
 3 
 
 24 
 
 50 
 
 •' 15. 
 
 i< 
 
 4. 
 
 {< 
 
 " 4, 
 
 296 
 
 ... 
 
 416 
 
 7|80 
 
 Feb. 24. 
 
 It <t t> i( 
 
 2000 
 
 
 1 
 
 7 
 
 14 
 
 39 
 
 " 20. 
 
 «( 
 
 4i 
 
 u 
 
 " 5, 
 
 450 
 
 ^^^ 
 
 411 
 
 ll!46 
 
 Mar. 26. 
 
 (i t< i< t< 
 
 2000 
 
 
 
 5 
 
 1 
 
 94 
 
 " 28. 
 
 « 
 
 1. 
 
 « 
 
 *' 7, 
 
 485 
 
 _^ 
 
 4 8 
 
 11 
 
 60 
 
 
 " Credit Bal. of Int. 
 
 
 
 
 
 99 
 
 74 
 
 Dec. 5. 
 
 « 
 
 « 
 
 <( 
 
 " 9, 
 
 566 
 
 ^_ 
 
 826 
 
 12 
 
 54 
 
 
 
 
 
 
 
 
 
 " 11. 
 
 (t 
 
 «4 
 
 4t 
 
 *' 10, 
 
 304 
 
 —^ 
 
 3 
 
 20 
 
 6 
 
 50 
 
 
 / 
 
 
 
 
 
 
 
 " 14. 
 
 « 
 
 .-»< 
 
 4t 
 
 " 11. 
 
 824 
 
 — 
 
 3 
 
 17 
 
 1714 
 
 
 / 
 
 
 
 
 
 
 
 " 25. 
 
 « 
 
 <t 
 
 «t 
 
 " 14, 
 
 298 
 
 -^ 
 
 3 
 
 6 
 
 556 
 
 
 1 
 
 
 
 
 
 
 
 1877. 
 
 
 
 
 
 
 
 
 
 
 
 
 1 
 
 
 
 
 
 
 
 Jan. 2. 
 
 « 
 
 (> 
 
 t( 
 
 " 15, 
 
 538 
 
 
 2 
 
 29 
 
 9 31 
 
 
 1 
 
 
 
 
 
 
 
 " 20. 
 
 <t 
 
 << 
 
 <t 
 
 " 18, 
 
 446 
 
 — 
 
 2 
 
 11 
 
 616 
 
 
 1 
 
 
 
 
 
 
 
 " 24. 
 
 u 
 
 <b 
 
 u 
 
 " 19, 
 
 246 
 
 — 
 
 2 
 
 7 
 
 320 
 
 
 1 
 
 
 
 
 
 
 
 " 31. 
 
 « 
 
 .« 
 
 « 
 
 " 20. 
 
 1256 
 
 — 
 
 2 
 
 —m. 
 
 14 65 
 
 
 1 
 
 
 
 
 
 
 
 Feb. 12. 
 
 t« 
 
 t< 
 
 t< 
 
 " 23, 
 
 764 
 
 — 
 
 
 19 
 
 728 
 
 
 1 
 
 
 
 
 
 
 
 " 14. 
 
 (( 
 
 .* 
 
 « 
 
 " 24, 
 
 269 
 
 — — 
 
 
 17 
 
 246 
 
 
 1 
 
 
 
 
 
 
 
 " 17. 
 
 t< 
 
 << 
 
 1< 
 
 " 25, 
 
 170 
 
 77 
 
 
 14 
 
 146 
 
 
 1 
 
 
 
 
 
 
 
 " 18. 
 
 K 
 
 i( 
 
 44 
 
 " 26, 
 
 951 
 
 38 
 
 
 13 
 
 795 
 
 
 1 
 
 
 
 
 
 
 
 " 25. 
 
 U 
 
 << 
 
 « 
 
 " 29, 
 
 865 
 
 14 
 
 
 6 
 
 606 
 
 
 1 
 
 
 
 
 
 
 
 Mch. 3. 
 
 t( 
 
 M 
 
 ti 
 
 " 31, 
 
 2361 
 
 33 
 
 
 28 
 
 1286 
 
 
 J 
 
 
 
 
 
 
 
 " 10. 
 
 >< 
 
 »« 
 
 <t 
 
 " 33, 
 
 508 
 
 44 
 
 
 21 
 
 208 
 
 
 i 
 
 
 
 
 
 
 
 " 17. 
 
 « 
 
 44 
 
 ** 
 
 " 35, 
 
 726 
 
 74 
 
 
 14 
 
 198 
 
 
 
 — 
 
 
 
 — 
 
 r- 
 
 177 
 
 13 
 
 
 
 
 
 
 
 
 
 
 177!l3 
 
 Wm. Kapp & Co., in Account Current and Interest Account, 
 
 with Murray & Dermont. 
 
 1877. 
 Jan. 20. 
 Mch. 12. 
 
 inlark 
 To their Sight Draft, 
 
 « 
 
 Credit Bal. of Int. 
 
 1000 
 1000 
 
 11 
 
 19 
 
 18 
 
 3 
 
 28 
 
 81 
 69 
 
 4050 
 
 1876. 
 Nov. 8. 
 
 " 27. 
 Dec. 18. 
 
 1877. 
 Jan. 8. 
 Feb. 7. 
 
 " 28. 
 Mch. 14. 
 
 Mark. 
 By Forw'g Inv. No. 2, 
 
 
 M 
 <l 
 t< 
 <« 
 
 « 
 tt 
 
 tt 
 
 it 
 
 " 16, 
 " 21, 
 " 30, 
 " 36, 
 
 470 
 705 
 
 145 
 
 255 
 169 
 15030 
 
 204 
 
 55 
 
 28 
 
 4 
 
 18 
 
 28 
 
 24 
 
 8 
 
 17 
 
 13 7 
 
 17|- 
 
 290 
 
 413 
 
 177 
 
 96 
 
 4050 
 
 BOOK-KEEPER'S MEMORANDUM. 
 
 Outside Resources. 
 
 Office Farniture and Gas Fixtures 
 
 Interest on Q. Glenmore & Co.'s Note, 7 % upon 1025.80 for 24* days . *. *. ....!'.'.!.*!" '. '.'.'.'.',','..'/, 
 
 Outside Liabilities. 
 
 Credit Balance of Interest in R Danzaa & Lux's Account Current, Frcs. 99.74 @ 20^. . . 20 45 
 Wm. Rapp & Co.'s " " Mark 23.- @ 25>| 5:87, 
 
 All preparatory work being done, the Double Statement is executed on the Balance Sheet 
 on the next page. ' 
 
 6001— 
 
 479 
 
 26 32 
 
 as seen 
 
100 
 
 Accouisrr of stock. 
 
 The Account of Stock, or commonly called the Inventory, is taken, whenever 
 needed, from the balances of the Current Stock Book, in the manner described on 
 page 44. In order to have a real state of business, and not one based upon anticipa- 
 tion, which ought to be entirely excluded from Book-keeping, tlie goods remaining 
 unsold are to be valued at actual cost price, which is to be made out for each article 
 at the time of the arrival of the Invoices, to be recorded in some tabular form, and 
 there held ready for any emergency. 
 
 Goods hemainino Unsold, March 31, 1877, Valued at Actual Cost Price. 
 
 4 cae«8 
 
 5 - 
 
 4 ** 
 
 5 •• 
 
 7 " 
 • - 
 
 8 - 
 
 6 •* 
 8 - 
 8 « 
 
 960 pes. Milan Extra, 
 2000 • Coburg, 
 
 Mountain, 
 
 K. and Ready, 
 
 1560 ' 
 
 2000 •' 
 
 2100 *' 
 
 7300 •♦ 
 
 2700 " 
 
 3600 " 
 
 42/45 @ $4.18 
 
 60/54 ^ 6.12 
 
 60/64 @ 2.12 
 
 16/17 <^ 1.78 
 
 8 
 
 •i: 
 
 Black and White, 48/50 @ 1.41 
 
 Chip, 30/40 % 2.66 
 
 Bordures, 40/45 ® 3.76 
 
 Manila, 60/54 (^ 6.01 
 
 1230 doz. Pedal @ 5.67 
 
 1200 " Leghorn Hats (^15.83 
 
 3500 pes. German White, No. 280 <^ .12 
 
 9 
 
 8 
 
 24 
 
 19 
 
 4 
 4 
 3 
 S 
 30 
 
 i< 
 
 400 " 
 
 1600 •• 
 
 1280 •• 
 
 2700 " 
 1600 ' 
 
 2400 doz. 
 
 2850 " 
 
 Black, 
 
 •4 
 
 279. 
 270. 
 272. 
 402. 
 
 @ 
 
 ® 
 
 ^ustre, " 402 % 
 
 Rough ^ 
 
 Gents' Hats, Round @ 1.68 
 
 * •* Zigzag (^ 1.48 
 
 .11 
 .13 
 .14 
 .11 
 . 6 
 
 23200 pes. 7 end Simples @ 
 
 27200 " 11 ** ** ® 
 
 16800 " 7 " " ® 
 
 27200 " 11 " " ® 
 
 13500 " English Black and White ^ 
 
 House and Lot in Spring Street, at cost price 
 
 .16 
 .18 
 .12 
 .18 
 .48 
 
 4012 
 12240 
 8807 
 8560 
 2961 
 18482 
 10152 
 18036 
 6851 
 18996 
 420 
 44 
 208 
 179 
 297 
 96 
 8672 
 4076 
 8712 
 4896 
 2016 
 3536 
 6480 
 
 80 
 
 20 
 
 10 
 
 20 
 
 60 
 
 128179 80 
 60860 — 
 
 The next in order is to perfect the memorandum of Resources and Liabilities, lying outside of the 
 i^ger and the Inventory. In this Set there is but the Interest to be made out, pending on G. Glen- 
 more & Co.'s note since 7th instant, and in the accounts current with P. Danzas k Lux and William 
 Rapp & Co. 
 
 V 
 
 •' 
 
 101 
 
 P. Danssas & Lux in Account Current and Interest Account at 7 j^ to March 
 
 . 31, 1877, with Murray & Dermont. 
 
 1876. 
 
 Frcs. ! 
 
 
 
 
 1876. 
 
 
 
 
 Frcs. 
 
 
 \ 
 
 Dec. 27. 
 
 To their Siglit Draft 
 
 2000| 3 
 
 4 
 
 36 
 
 56 
 
 Nov. 5. 
 
 By 
 
 Forw'g 
 
 Inv, 
 
 No. 1,1 360'— 
 
 4 26 1023 
 
 1877. 
 
 
 
 
 
 
 
 " 13. 
 
 " 
 
 <( 
 
 <( 
 
 " 3, 703!— 
 
 4|18 1886 
 
 Jan. 28. 
 
 U •( « « 
 
 2000 
 
 — 2 
 
 3 
 
 24 
 
 50 
 
 " 15. 
 
 M 
 
 »« 
 
 << 
 
 " 4, 
 
 295 
 
 — . 
 
 416 
 
 780 
 
 Feb. 24. 
 
 tt X «i (< 
 
 2000 
 
 — 
 
 1 
 
 7 
 
 14 
 
 39 
 
 " 20. 
 
 tt 
 
 «< 
 
 tt 
 
 " 5, 
 
 450 
 
 
 4 
 
 11 
 
 1146 
 
 Mar. 26. 
 
 (> i( « •< 
 
 2000 
 
 — 
 
 
 5 
 
 1 
 
 94 
 
 " 28. 
 
 « 
 
 i. 
 
 if 
 
 " 7, 
 
 486 
 
 
 
 4 
 
 3 
 
 ll'60 
 
 
 " Credit Bal. of Int. 
 
 
 
 
 99 
 
 74 
 
 Dec. 5. 
 
 « 
 
 « 
 
 ft 
 
 " 9, 
 
 556 
 
 — 
 
 3;26 
 
 12 
 
 54 
 
 
 
 
 
 
 
 
 
 " 11. 
 
 <i 
 
 «4 
 
 .< 
 
 " 10, 
 
 804 
 
 -^ 
 
 320 
 
 6 
 
 50 
 
 
 / 
 
 
 
 
 
 
 
 " 14. 
 
 <i 
 
 .-»< 
 
 •( 
 
 " 11. 
 
 824 
 
 
 3 
 
 17 
 
 17 
 
 14 
 
 
 / 
 
 
 
 
 
 
 
 " 25. 
 
 tt 
 
 <t 
 
 t( 
 
 « 14, 
 
 298 
 
 — 
 
 3 
 
 6 
 
 556 
 
 
 1 
 
 
 
 
 
 
 
 1877. 
 
 
 
 
 
 
 
 
 
 
 
 1 
 
 
 
 
 
 
 
 Jan. 2. 
 
 « 
 
 « 
 
 tt 
 
 " 15, 
 
 538 
 
 — 
 
 2 
 
 29 
 
 9 31 
 
 
 1 
 
 
 
 
 
 
 
 " 20. 
 
 tt 
 
 l< 
 
 tt 
 
 " 18, 
 
 446 
 
 — 
 
 2 
 
 11 
 
 6116 
 
 
 1 
 
 
 
 
 
 
 
 " 24. 
 
 tt 
 
 <> 
 
 u 
 
 " 19, 
 
 246 
 
 — 
 
 2 
 
 7 
 
 320 
 
 
 1 
 
 
 
 
 
 
 
 " 31. 
 
 tt 
 
 >i 
 
 tt 
 
 " 20, 
 
 1256 
 
 
 2 
 
 — 
 
 1465 
 
 
 1 
 
 
 
 
 
 
 
 Feb. 12. 
 
 it 
 
 t( 
 
 it 
 
 " 23, 
 
 764 
 
 .^ 
 
 
 19 
 
 728 
 
 
 1 
 
 
 
 
 
 
 
 " 14. 
 
 (t 
 
 »• 
 
 « 
 
 " 24, 
 
 269 
 
 — . 
 
 
 17 
 
 246 
 
 
 1 
 
 
 
 
 
 
 
 '' 17. 
 
 If 
 
 « 
 
 t< 
 
 " 25, 
 
 170 
 
 77 
 
 1 
 
 14 
 
 146 
 
 
 1 
 
 
 
 
 
 
 
 " 18. 
 
 « 
 
 >( 
 
 it 
 
 " 26, 
 
 951 
 
 38 
 
 
 13 
 
 795 
 
 
 1 
 
 
 
 
 
 
 
 " 25. 
 
 tt 
 
 U 
 
 tt 
 
 " 29, 
 
 865 
 
 14 
 
 
 6 
 
 606 
 
 
 1 
 
 
 
 
 
 
 
 Mch. 3. 
 
 C< 
 
 M 
 
 tt 
 
 " 31, 
 
 2361 
 
 33 
 
 
 28 
 
 1286 
 
 
 
 
 
 
 
 
 
 ♦* 10. 
 
 " 
 
 •• 
 
 <( 
 
 " 33, 
 
 508 
 
 44 
 
 
 21 
 
 206 
 
 
 1 
 
 
 
 
 
 
 
 " 17. 
 
 tt 
 
 « 
 
 •( 
 
 " 35, 
 
 726 
 
 74 
 
 
 14 
 
 198 
 
 
 
 
 
 
 
 177 
 
 13 
 
 
 
 
 
 
 
 
 
 
 17713 
 
 Wm. Rapp & Co., in Account Current and Interest Account, 
 
 with Murray & Dermont. 
 
 1877. 
 Jan. 20. 
 Mch. 12. 
 
 Mark. 
 To their Sight Draft, 
 
 • < tt (4 tt 
 
 " CiMlit Bal. of Int. 
 
 
 
 
 
 
 
 1876. 
 
 1000 
 
 
 2 
 
 11 
 
 13 
 
 81 
 
 Nov. 8. 
 
 1000 
 
 
 
 19 
 
 3 
 28 
 
 69 
 
 " 27. 
 Dec. 18. 
 
 1877. 
 Jan. 8. 
 Feb. 7. 
 
 " 28. 
 Mch. 14. 
 
 
 
 
 
 40 50 
 
 
 Mark. 
 By Forw'g Inv. No. 2, 
 
 « tt ti Q 
 
 .. tt ^2,' 
 
 it 
 tt 
 
 ti 
 >< 
 
 <4 
 
 « 
 tt 
 it 
 
 tt 
 
 " 16, 
 " 21, 
 " 30, 
 " 36, 
 
 470 
 
 
 4 
 
 23 
 
 705 
 
 
 4 
 
 4 
 
 145 
 
 — 
 
 3 
 
 13 
 
 255 
 
 ^^_ 
 
 2 
 
 23 
 
 169 
 
 
 1 
 
 24 
 
 150 
 
 30 
 
 1 
 
 3 
 
 20455 
 
 
 17 
 
 13 7 
 
 17h- 
 2^90 
 
 412 
 
 177 
 
 96 
 
 _^ 
 4050 
 
 BOOK-KEEPER'S MEMORANDUM. 
 
 Outside Resources. 
 
 Office Farnitare and Gas Fixtures 
 
 Interest on G. Glenmore & Co.'s Note, 7 % upon 1025.80 for 24 diys'. '. '. '. '..*.; '. '..*.*;** *. *. *. * *. *. *. '. ] . ] 
 
 Outside Liabilities. 
 
 Credit Balance of Interest in P Danzas & Lux's Account Current, Frcs. 99.74 @ 20^ 20 45 
 
 Wm. Rapp & Co.'s '• " Mark 23.— @ 25i|. . ! .'.' 5^87 
 
 All preparatory work being done, the Double Statement is executed on the Balance Sheet 
 on the next page. ' 
 
 6001- 
 
 479 
 
 26 33 
 
 as seen 
 
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 To all intents and purposes the Set of Books, working toward the accom- 
 plishment of the Double Statement, is complete and finished. 
 
 The record of the Notes Payable and Receivable, and of the Account Sales, 
 appertaining to this Set, is added only by way of a memorandum on the follow- 
 ing pages. They are not contributory to the Balance Sheet. 
 
 Some houses keep the notes loosely recorded in a kind of rough Tickler or 
 Diary; but since notes are substitutes for Cash, and relied upon as such, when 
 due, and since reference to them is essentially necessary, to attain the greatest 
 possible accuracy, it is worth while keeping an accurate memorandum of them. 
 
 It has been usual to have Account Sales copied in separate books. This is 
 entirely unnecessary, as they are mere transcripts of the Sales Accounts, which 
 show the original record. But if it is expressly desired to retam copies of them, 
 this should be done by the copy-press, and the fac-similes kept on Patent File. 
 
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 ACCOUNT SALES 
 
 Of 160 Cases Italian Braids, received per Steamer Alexandria, Capt. McKay, from 
 Leghorn, and sold for account of Messrs. Menotti & Fratella. 
 
 1877. 
 March 10 
 
 15 
 
 Sold Reed & Lock wood, Milwaukee, for Cash : 
 
 10 cases @ 300 = 3000 pes. Ecrue Manila ^ 40c. 
 
 10 « @ 200 — 2000 " Tape 14/15 ©11.— 
 
 " @ 150=^1500 " Noir Tape, 16/17 @ 1.26 
 
 *• ©300 — 3000 " Scalcasimo © .92 
 
 10 
 10 
 
 6 % Discount off 
 
 22 
 
 Sold Reed & Lock wood, Milwaukee, for Note @ 2 moa : 
 
 30 cases @ 300 — 9000 pes. Ecrue Manila © 40c. 
 
 30 « @ 200 = 6000 " Tape, 14/15 @|1.— 
 
 1200 
 2000 — 
 1875 
 
 2760 
 
 7885 
 470 
 
 8600 
 6000 
 
 4 % Discount off. 
 
 u 
 
 2 
 
 2 
 
 2 
 
 8 
 
 8 
 
 15 
 
 22 
 
 22 
 
 22 
 
 Sold Reed & Lockwood, Milwaukee, for Note @ 4 mos. : 
 
 30 cases @ 150 — 4500 pes. Noir Tape, 16/17 @ $1.25 
 
 80 " ©300 — 9000 " Scalcasimo ^ .92 
 
 9600 
 384 
 
 10 
 
 7864 
 
 90 
 
 5625 
 8280 
 
 2 fi Discount off. 
 
 Chakoes. 
 
 Duties at Custom-house, Frcs. 36128.75 @ 193, prem, on gold, 1045^^. 
 
 Freight as per B/L 
 
 Cartage, Labor and Custom-house Fees |198 50 
 
 Sundry Telegrams jg 
 
 Postages and Circulars 13 
 
 Cartage and Labor on Shipping 40 cases 20 
 
 It 
 
 « 
 
 <t M 
 
 « ft 
 
 U 
 
 60 " 
 60 ♦' 
 
 80 
 80 
 
 Storage and Repair of Cases. 160 
 
 Insurance, viz.. Fire, % % upon |22000 
 
 9216 
 
 13905 
 
 278 
 
 7304 
 800 
 
 10 
 
 06 
 
 13626 
 
 80207 
 
 90 
 
 80 
 
 23i Commission, 3 ^ on Sales 
 
 Het prooeedi due July 12th, 1877. 
 
 466 
 
 50 
 
 55 — 
 906123 
 
 9531 
 
 20676 
 
 79 
 01 
 
 E. & O. E., Nbw Yobk, March 22, 1877. 
 
 Murray k Dermont, 
 
 per J. C. Swift. 
 
 i 
 
 i 
 
 w 
 
 Jl' 
 
 109 
 
 ACCOUNT SALES 
 
 Of 400 Bales Canton Braids, received from Canton via Shanghai, per bark 
 Ladj Elizabeth, Capt. Cobbet, and sold for joint account of ourselves and 
 Messrs. Hartingtoji Bros. 
 
 90 
 
 1877. 
 
 March 19 Sold Hastings k Griffin, Chicago, for note @ 3 mos. : 
 
 100 bales @ 240, 
 
 24000 \KS. White Canton Braids @ 70c 
 
 3 % discount oflF 
 
 Sold Wilson & Kelly, Baltimore, for cash : 
 
 50 bales @ 240 — 12000 pes. White, ^ 70c $8400.— 
 
 50 " T@ 240 — 12000 " Mottled, @ 45c 5400.— 
 
 6 ^ discount off. 
 
 Sold Union Straw Works, St. Louis, for note @ 2 mos. : 
 50 bales @, 240, 
 12000 pes. White @ 70c.— 
 
 4 % discount oflf 
 
 Sold Baldwin k Pratt, Milford, Conn., for note @ 4 mos. : 
 50 bales @ 240, 
 12000 pes. Mottled @ 45c; 
 
 2 % discount off. 
 
 Sold A. Alden k Co., Middleborough, Mass., for cash : 
 100 bales ® 240, 
 24000 pes. Mottled @ 45c. 
 
 6 % discount off. $648.— 
 
 For collection 12.69 
 
 84 
 
 80 
 
 M 
 
 M 
 
 •( 
 
 16 
 16 
 17 
 17 
 19 
 19 
 20 
 21 
 27 
 80 
 
 Charges. 
 
 Duties at Customhouse, $11434.—, gold @ 104t 
 
 Cartage, Labor and Custom-house Fees 315 
 
 Labor upon 400 Bales 15 
 
 Sundry Telegrams 24 
 
 CarUge and Labor on Shipping 100 Bales . . 50 
 
 100 " 60 
 
 50 '* 25 
 
 •• 50 " 25 
 
 100 " 60 
 
 Storage and Repairs of Bales 300 
 
 (t 
 
 • t t4 
 
 *< M 
 
 U U 
 
 11977 64 
 
 16296 
 
 12972 — 
 
 8064 — 
 
 5292 — 
 
 10139 
 
 52763 
 
 80 Insurance, viz.. Fire, i J^ on $36000. 
 30j Commission. 2 jf on Sales 
 
 854 
 
 90 
 
 1055 
 
 27 
 
 Ket Proeeedf Due Jime 8, 1877. 
 
 Messrs. Hartington Bros. 3^ net proceeds. 
 
 Our }4 '* " . 
 
 E. & O. E., New York, March 30, 1877. 
 
 13976 
 
 38786 
 
 91 
 40 
 
 .$19,393.20 
 . 19,393.20 
 
 MlTRRAT k DeRMONT, 
 
 Per J. C. Swift. 
 
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