anaheim-gazette 1920-01-29

REPORT OF BOARD OF AUDIT ANAHEIM, JANUARY 31, 1920 TO THE STOCKHOLDERS OF THE ANAHEIM UNION WATER COMPANY: GENTLEMEN:—YOUR BOARD OF AUDIT SUBMITS THE FOLLOWING REPORT FOR THE YEAR ENDING DECEMBER 31, 1919. STATEMENT OF LOSS AND GAIN—1919 I. WATER AND GENERAL ACCOUNTS: Water deliveries ... $ 49,076.20 Rentals and sundry items ... 1,822.82 Cleaning ... $ 7,229.43 Electric power ... 14,399.91 General expense ... 7,277.04 Tools and sundry expense ... 1,504.23 Auto and trucks ... 1,455.90 Pumping ... 2,196.56 Repairs ... 20,913.03 S. A. R. D. Co. ... 5,063.67 Salaries ... 2,429.50 Superintendent and zanjeros ... 14,078.95 Taxes—Real estate (except oil property) ... 591.60 Taxes—Federal Capital Stock Tax ... 1,329.50 Taxes—State corporation ... 204.00 Taxes—State license ... 200.00 Total general income ... $ 50,959.02 Total operating expenses ... $ 78,873.32 Net loss ... $ 27,914.30 II. OIL ACCOUNTS: Oil lease (bonus) ... $ 14,610.00 Oil royalties ... 43,136.51 Oil expenses and repairs ... $ 1,041.92 Oil salaries ... 1,724.75 Oil taxes, real estate ... 4,613.02 “ “ Federal income ... 3,261.19 “ “ State tax on oil protection ... 42.20 Total oil income ... $ 57,746.51 Total oil expenses ... $ 10,683.08 Net gain ... $ 47,063.43 III. INTEREST: Interest received ... 3,751.48 Interest paid ... 21,644.07 Oil lease (bonus) $ 14,610.00 Oil royalties 43,136.51 Oil expenses and repairs $ 1,041.92 Oil salaries 1,724.75 Oil taxes, real estate 4,613.02 " Federal income 3,261.19 " State tax on oil protection 42.20 Total oil income $ 57,746.51 Total oil expenses $ 10,683.08 Net gain $ 47,063.43 III. INTEREST: Interest received 3,751.48 Interest paid 21,644.07 Net loss 17,892.69 Gross income $112,457.01 Gross expense $111,200.47 IV. APPRECIATION: Real estate $ 11,470.00 $ 11,470.00 V. DEPRECIATION: Pumping plants $ 14,244.51 Trucks 500.00 Oil construction 2,000.00 Total depreciation $ 16,744.51 $ 16,744.51 Net loss $ 4,017.97 $ 4,017.97 TOTALS $127,944.98 $127,944.98 $62,551.40 $62,551.40 RESOURCES Real estate and improvements (appraised at double assessed value): Lot and office building City of Anaheim $ 8,200.00 La Habra reservoir site 400 acres 253,400.00 Tuffree reservoir site 28.02 acres 85,500.00 At pumping plant No. 1 683.65 acres 22,860.00 At pumping plant No. 2 40 acres 5,120.00 At pumping plant No. 3 37.20 acres 4,960.00 Yorba tract 40.11 acres 5,520.00 Yorba reservoir site 81.80 acres 7,200.00 Yorba Linda tract, adjoining above 2.22 acres 380.00 Sugdry rights-of-way (in fee simple) .39 acres 260.00 Lots in Placentia 1,700.00 Adjoining pumping plant No. 3 7.19 acres 1,240.00-$396,440.00 Pumping plants 56,978.08 Oil construction 10,000.00 Water rights, ditches, pipeline, rights-of-way 1,020,525.01 Cement 1,317.60 Tools and implements, including well rig 5,000.00 Ford trucks 500.00 Furniture and fixtures (assessed value $200.00) 400.00 Stock, S.A.R.D.Co. 1,400.00 Stock, Yorba Linda Water Company 100.00 Accounts receivable (Consumers) 715.40 Accounts receivable (Sundries) 4,478.69 Accounts receivable (Anaheim Sugar Co., Dec.Oil) 3,227.21 Notes receivable (S.A.R.D.Co.) 75,000.00 Notes receivable (Sundries) 258.87 Cash in hands of Secretary 711.31 Cash in hands of Treasurer 1,685.29 Total $1,578,737.36 LIABILITIES Capital Stock $ 800,400.00 Surplus 377,559.05 Bonds—Issue of 1909 158,000.00 Notes payable 222,850.00 Accounts payable, December bills 14,346.02 Accounts payable, due consumers 5,000.69 Accounts payable,Sundry 581.60 Cash in hands of Treasurer ... 1,685.29 Total ... $1,578,737.36 LIABILITIES Capital Stock ... $ 800,400.00 Surplus ... 377,559.05 Bonds—Issue of 1909 ... 158,000.00 Notes payable ... 222,850.00 Accounts payable, December bills ... 14,346.02 Accounts payable, due consumers ... 5,000.69 Accounts payable, Sundry ... 581.60 Total ... $1,578,737.36 WATER DELIVERIES, 1919 January ... $ 3,730.10 February ... 473.45 March ... 654.55 April ... 4,318.15 May ... 7,778.55 June ... 8,328.16 July ... 7,261.85 August ... 7,392.05 September ... 5,779.80 October ... 828.40 November ... 2,018.20 December ... 612.95 Total ... $ 49,076.20 STOCK We find that there are now issued, as per Stock Ledger, 8,004 shares of the Capital Stock of the Company. BONDS The bonded indebtedness of the Company is as follows: Issue of 1909 outstanding ... $233,000.00 Amount of 1909 issue in treasury ... 75,000.00 Total amount bonds outstanding ... $158,000.00 Bonded indebtedness reduced during year ... 7,000.00 Bills payable increased during year ... 43,648.00 Total indebtedness increased ... $ 36,648.00 CONSUMERS' ACCOUNT, 1919 Due from consumers, January 1, 1919... $ 797.75 Due to consumers, January 1, 1919... $ 4,243.91 Received from consumers in 1919... 50,203.63 Water delivered in 1919 ... 49,076.20 Refunds ... 288.20 Due from consumers, January 1, 1920... 715.40 Due to consumers, January 1, 1920... 5,000.69 Totals ... $55,162.84 $55,162.84 ANAHEIM GAZETTE OIL PRODUCTION FOR THE YEAR 1919* Amalgamated Lease St. Helens Lease 400 Acres 28.02 Acres Total of both 1-8 of Production 1-6 of Production Leases Barrels Barrels Barrels January 18,209.55 4,823.31 23,032.86 February 18,694.80 4,185.50 22,880.30 March 16,170.97 4,396.21 20,566.18 April 13,890.68 4,414.48 18,305.16 May 14,523.80 4,469.53 18,993.33 June 14,151.30 4,238.54 18,389.84 July 16,194.80 4,390.27 20,585.07 August 15,892.16 4,812.09 20,204.24 September 14,030.57 4,077.67 18,108.24 October 14,303.40 4,097.08 18,400.48 November 14,059.55 3,764.68 17,824.23 December 13,253.82 4,074.21 17,328.03 Total, 1919 183,375.39 51,242.57 234,617.96 Total, 1918 267,076.41 62,205.30 329,281.71 Decrease, 1919 83,701.02 10,962.73 94,663.75 Barrels Our Royalty 1913. Gross production $73,122.02 1914. Gross production 820,015.51 64,335.31 1915. Gross production 823,300.02 59,594.65 1916. Gross production 506,730.08 39,458.58 1917. Gross production 402,139.85 59,510.36 1918. Gross production 329,281.71 52,966.68 1919. Gross production 234,617.96 43,136.51 On the lease of the Standard Oil Company at Yorba one well was drilled to a depth of 4718 feet with no indications of oil or gas, and the well has been abandoned. The Company has leased a part of the Gomber tract (29.22 acres) for a bonus of $14,610, and a royalty of one-sixth, and one well is now being drilled on this property. REPORT OF WELLS ON ST. HELENS OIL CO.'S LEASE FOR JANUARY, 1919. Well Net Bbls Well Net Bbls No. 1 466.54 No. 1 283.42 No. 2 2414.47 No. 2 2359.27 No. 3 742.90 No. 3 545.95 No. 4 792.67 No. 4 527.99 No. 5 158.39 No. 5 164.44 Total bbls .4574.97 Total bbls .3882.05 Oversi 8000 —When a maker sells a knows that only the best experience has gone inthe—All of these qualities Tire, and have made po sistently average. $28.95 30x34 Non-Skid Cord Equivalent to 31x4 fabric REPORT OF WELLS ON AMALGAMATED OIL CO.'S LEASE FOR DEC. 1918 Well Net bbls. Grav. M. & Well Net bbls. Grav. M. & No. B.S. No. 2 38 16.1 98% 2 8 16.1 98% 3 220 17.1 67% 3 235 11.9 68% 4 1162 22.8 12% 4 672 18.2 46% 5 495 14.1 49% 5 485 12.6 61% 6 337 17.4 41% 6 225 15.7 48% 8 862 14.1 70% 8 385 13.7 67% 10 272 14.2 95% 10 143 13.4 95% 12 4 23.1 10% 12 Idle entire month. 14 Idle entire month. 28 Idle the entire month. 30 855 24.7 7% 30 862 22.1 11% 16 462 16.9 50% 16 412 19.0 34% 18 867 24.0 1% 18 840 23.2 2% 40 415 11.7 84% 40 280 11.6 52 2745 24.8 2% 52 1705 25.0 2% 54 2735 24.7 1% 54 3070 24.5 56 6105 20.7 1% 56 2140 19.5 Total ...17574 Total ...13254 Total bbls...4574.97 Total bbls...3882.05 ANAHEIM IS BEST LITTLE CITY IN STATE TO THE EASTERN TOURIST OR HOMESEEKER VISIT TO ANA-HEIM IS A REVELATION While, fifty years ago, Anaheim was not the blooming paradise it is today, the basic requirements were there. As a proof of this, what was then a waving expanse of wild mustard is today one of the richest best improved and sistently average. We have just received fill any order at the old We earnestly advise we earnestly advise RECOMMENDATIONS: Financial.—Your attention is directed to the fact that the production of oil on the Company's properties shows a continued decline during the past series of years and the income therefrom is consequently dwindling. The income from water collections is far less than the cost of production so that in order to cover the regular costs of production, maintenance and improvements, it has been the policy of the Company to use the returns from the oil department, leaving nothing with which to retire the bonded indebtedness, and the result is that we are borrowing money on notes to pay off bonds, and our indebtedness is continually increasing with no prospect of eventually liquidating it, a condition we do not approve. We are strongly impressed that the income of the Company should be considerably increased either by higher water rates or by assessments on the Capital Stock to provide funds for retiring outstanding bonds and notes, and for the purpose of making certain necessary improvements in the water storage and distribution system. The undersigned, members of the Board of Audit, have carefully examined all books, papers and other records appertaining to the business of the Company for the year ending December 31, 1919, and find that the same have been kept in a correct, neat, clear and intelligent manner, and that the foregoing is a full, true and complete report taken from the books covering the above mentioned period. Respectfully submitted, ARTHUR STALEY, C. H. SEAMANS, Board of Audit. The Gazette $1.50 Per Year The Best Local Paper Subscribe Now Oversize Globe Tires 8000 Miles Guarantee -When a maker sells a tire on an 8000-mile guarantee basis, it means he knows that only the best material, the most careful workmanship and long experience has gone into the making of the tire. -All of these qualities have contributed to the success of the GLOBE tire, and have made possible the wonderful mileage records they so consistently average. $28.95 Non-Skid Cord equivalent to 31x4 fabric Are You Using Globe Tires $37.50 32x34 Non-Skid Cord Equivalent to 33x4 fabric $28.95 Non-Skid Cord Equivalent to 31x4 fabric Are You Using Globe Tires $37.50 32x34 Non-Skid Cord Equivalent to 33x4 fabric We have just received a large assortment of GLOBE Tires—and can sell any order at the old price if placed immediately. We earnestly advise our friends and customers to buy tires now. Charles H. Mann 10 So. Los Angeles St. ANAHEIM, CA by GLOBE RUBBER TIRE MFG. CO., New York, Chicago, Philadelphia, Boston, Trenton GLOBE HAND-MADE WRAPPED-TREAD TIRES GUARANTY 6000 MILES BEST CITY IN STATE BURN TOURIST OR VISIT TO ANA-REVELATION ago, Anaheim was paradise it is today,ants were there. As that was then a wav-d mustard is today best improved and and you have a picture of the Anaheim district. In the very mids of this wealth of beauty and prosperity lies the City of Anaheim, "The Best Little City in the State." You will never know Anaheim until you see it. Anaheim has a snap and bustle and sparkle which one senses the moment he passes through the business section. The city has three live newspapers, several theaters, over 10 miles of paved streets, over 20 miles of sewer system, an electric light and water plant costing $150,000, with a reinforced concrete tank 90 feet high and a capacity of live organization and maintained for the purpose of locating the manufacturer, homeseeker or tourist. Anaheim has a population of 9,000 in the city proper and it is hard to determine where the city confines stop, for the entire district is a city of homes and small estates, the owners of which are, as far as business relations are concerned, a part of Anaheim, although not numbered to her credit in the census tabulation. Anaheim is located in the northern part of Orange county—"Nature's Prolific Wonderland"—27 miles from Los Angeles and but 15 miles from the blue Pacific, with its cooling and in- Anaheim, "The Best Little City in the State." You will never know Anaheim until you see it. Anaheim has a snap and bustle and sparkle which one senses the moment he passes through the business section. The city has three live newspapers, several theaters, over 10 miles of paved streets, over 20 miles of sewer system, an electric light and water plant costing $150,000, with a reinforced concrete tank 90 feet high and a capacity of 173,000 gallons. Anaheim has several strong marketing associations. The Randolph Marketing Company, Anaheim Walnut Growers' Association, Anaheim Citrus Fruit Association, Anaheim Orange Growers' Association, Independent Packing Company and Stewart Fruit Company, employ about 400 people. There are eleven churches, two denominational schools and four public schools in the City of Anaheim. The churches are well attended and many of them own their own beautiful houses of worship. As for the schools, no city of its size in the state boasts better schools. The Anaheim Union High School alone cost in excess of $125,000. Constant sunshine and ocean breezes make a combination hard to beat. "Spring Eternal" is the slogan of Orange County, and it is literally a fact in Anaheim. Every day in the year is growing weather and practically every day is an "out-door" day. The average rainfall for the past ten years has been about 14 inches and the rainy season is confined to the winter months, coming principally in December, January and February. During the other nine months of the year the rainfall is practically negligible. At this time every city and town is interested in war activities and Anaheim has especial cause to be proud of its patriotic spirit which enabled her to over-subscribe every call and drive that has been made. The Anaheim Board of Trade is a IN THE SUPERIOR COURT OF THE COUNTY OF ORANGE, STATE OF CALIFORNIA Ada B. Hamilton, Plaintiff, vs. William Hamilton, Defendant. Action brought in the Superior Court of the County of Orange, State of California, and the Complaint filed in the office of the Clerk of said County of Orange. H..G. AMES, Attorney for Plaintiff. The People of the State of California Send Greeting to William Hamilton, Defendant. You Are Hereby Directed to Appear and answer the Complaint in an action entitled as above, brought against you in the Superior Court of the County of Orange, State of California, within ten days after the service on you of this summons, if served within this County, or within thirty days if served elsewhere. And you are hereby notified that unless you appear and answer as above required, the said plaintiff will take judgment for any money or damages demanded in the complaint, as arising upon contract, or plaintiff will apply to the Court for any other relief demanded in the complaint. Given under my hand and the seal of the Superior Court of the County of Orange, State of California, this 21st day of January, A. D. 1920. (Seal Superior Court) J. M. BACKS, Clerk. 1-29-10t