upr000276 62

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 M W # it was #93,838, la a growing town, in about sight years j m have expanded ten percent, if you will notice, Bo you think that is oe«ft*neurate with the growth of the city# A, I believe, Mr. Sexton, that consideration should be given to the fact that the bulk of our Improvement©, in order to keep up with the city, has been west of the railroad track, which is carried in the railroad capital acoout, t# t* jrook annual report, Mr* Sc Ha®®©, are you familiar with it# A* 1 haven't seen it* Si la the annual xeporwthls is about ten annual ©©ports thrown together* fa each annual report there is a little asterisk under cash* In each annual report it says "no attempt has been made to keep track of the ©ash as it is mixed with other operations of the company" or words iall&r to that. In each case, copy, of the rs*. port, the cash hm always been miltted. How, I have just mad# out am annual report and put in the cash, If the cash was carried forward., in 1938, it would have been #94,000 but it says in the annual report that the cash has been mixed with other operations. There is #36,000 in cash as shown by the records, although you should have #94,000, and there is only #36,000. Apparently, some #58,000 h&sbeen thrown, in with other operations, that are those operations# ME, MsMAMXtf Heal estate, operation of a hotel, etc. ME, SRfTOSf You can see that if It were a private company, ycu would have #94,000 cash on ©Ms# but you haven't any cash attri­buted. to the has Yogas .land & Hater Company. It is & very odd report# A, I don't understand it, I don't asks this report* Q# Are you familiar with a balance sheet. It should have all your assets and liabilities* Have you see a copy- of the reports, A, He, sir# 0* 1938 here has everything you have in the liabilities, but when you get down her®, no cash is given, ft just says *H© attempt has been ?ade to segregate the cash account," The 37