◆ SpookStack

Sgt + i + adh emt SE A oe JOuK L. LEWIS, BT Al. _ BUDONATION OF RECHHIB OF PANTHER CREEK MNES, DNC., ae RIDLEY BUILDING, BPRINGFIEID, 0 a. . mR x . <@ . . : rd ong . a a’ a . * wr. BR. 8. SIMPSH,Assistant Secretary~Treasurer of Panther Creek Mines Iné,, made available the records of sales of coal to the Mine B Coal Company, A review of these records reflected that from May to Decenber 1937 « total of 152647 tons of oar-load coal wee 80 to Mine B Coal Company at an average price of $1.61 per tone This price, according to Mr. Simpeon,was after deduction of a 25 cent per ton discomt, It was noted that on all sales during this period ELSHOFF paid Panther Creek in sufficient time to receive & 3% discomt,. In December 1937 the sales amomted to 22873 tans, , . .. 2, In 1938 sales of carload goal van as Yollowss- Janvary 13197 tons February 13778 : March Pat : May 468 ® a Jme 378 ; daly _ &P (Rone after duly) It was noted that ELSBOFF made payments promptly wtil Febre- ary, 1938. The sversge price of the oosl sold in 1938 amomted to: #67 per tan after deduction ef s 25 cent per ton discount. From February through duly 1938 ELSHOFF was slow in paying Panther Creek and it was noted that & total of $4642.66 was charged to & suspense accout, sand $1650,00 was charged to & Reserve for Loss accomt on November 28, 1938, Mr. BIMPSQI advised that the amount of $4642.66 was never collected, Neither Mr, SIMPSON nor Mr. ROPERT Co SOLMMER recalled ths x. exact details of the dispute with ELSHOFF. However, documents obtained from Mr. CLAYTON J, BARBER, First Wationel Bank Boilding, Attorney for Panther Creek, clarified the mtter in substance as folloust ~~ te ee oc. sigue tea age he