V;
 

FEB 29 1912

,   jr£RTY OF

V '3  /QPf^^^l^N^fflUDATED   INCOME   ACCOUNT   OF

Th# Ws^w  York Air   Br^ke  Comrany

YEAR ENDING DECEMBER 3Jst, <91(.
 

Sales for the year..................................................................            §1,585,681.38

Cost of Manufacturing, Labor, Material and Factory Expense................              1,181,549.81

Factory Profit..................                 404,131.57

Received from Investments, Interest and Discounted Bills.....................                   58,714.15

Profit for the year .................                 462,845.72

Administration Expenses.........................................        217,787.30

Taxes..............................................................          15,459.90                 233,247.20

Net Profit for year ending Dec. 31st, 1911.................                 229,598.52

Surplus December 31st, 1910................                  155.906.52

385,505.04

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

Paid Dividends....................................................        449,658.00                 631,458.00

Profit and Loss................                 245,952.96

CONSOLIDATED BALANCE SHEET, DECEMBER 3tst, J9tt.

ASSETS

Cash in Banks....................................................    $   571,481.82

Accounts and Bills Receivable..................................       1,227,645.65                            -   -----

Inventory, goods and material on hand........................       1,152,932.76

Factories, Patents, Water Power, Land and Machinery.......      9,423,338.48

Stock, Bonds, &c.................................................         444,700.00

Profit and Loss..................................................          245,952.96            13,066,051,67

LIABILITIES

Accounts Payable................................................           36,051.67

Accrued Interest on Bonds .....................................            30,000.00

Capital Stock.....................................................     10,000,000.00

First Mortgage 6% Convertible 20 year Gold Bonds..........       3,000,000.00            13,066,051.67

E. A. JOHNSON,

Assistant Treasurer.