CONSOLIDATED INCOME ACCOUNT OF

THE  JSTEW  YORK  AIR  BRAKE  CO.

YEAR ENDING, DECEMBER 31st, 1909
 

Sales and other incomes...........................................................

Cost of Manufacturing and Selling .............................      $i ,660,244.23

Interest on 6% Convertible Gold Bonds.........................           181,800.00

Allowance for depreciation......................          67,537.48

Less reserve for depreciation....................          63,550.04              3,987.44

Profits for year ending December 31st, 1909....................           269,083.86
 

$2,115,115.53
 

CONSOLIDATED BALANCE SHEET, DECEMBER 3Jst, 1909
 

ASSETS

Cash, Accounts Receivable and Merchandise.,
Factories, Patents and Waterpower...........
 

Stock Investments and Real Estate other than factories..
 

1,806,576.37
10.930,841.54

541.328.50         13,278,746.41
 

LIABILITIES

Accounts Payable.................................................

Accrued Interest on  Bonds......................................

Mortgage on Real Estate other than factories..................

First Mortgage 6 % Convertible 20 year Gold Bonds..........

Capital Stock......................................................

Profit and Loss...................................        269,083.86

Less deficit, Dec. 31st, 1908, (on account of
 

charging off discount on bonds) ,
 

261,465.97
 

221,128,52
30,000.00

20,000.U0
3,000,000.00
10.000,000,00
 

?,6i7.8
 

13,278,746.41
 

C. H. CHAFFEE,

Treasurer.