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Fo rm a s 20-i -04*5M-w a lt e r SAN PEDRO, LOS ANGELES AND SALT LAKE RAILROAD COMPANY ACCOUNTING DEPARTMENT H. I,( BETTIS. Auditor Subject^ Bancho. your reply, please No............... Los Angeles, C er 18, 1904. Mr« J. Ross Claik, Second Yioe President, Building. Bear Sir: Supplementary to nay letter of yesterday relative to Las Yegas Ranch, X wish to advise that I have taken the items enumerated on inven­tory of January 1, 1904, and added thereto the purchases for the ten months ended October 31, 1904, and from the total deducted the inventory of October 31, 1904, and the items reported by Bracken as having been furnished from the store to the ranch and hotel for the same period of ten months, and have priced the items to be accounted for at the current selling prices obtained at Las Yegas, and find that on that basis the stores unaccounted for should have sold for $4194.41 while the actual sales reported have been: For cash, $39 27,80 Credit 353,95 Total 428T.T5 As I advised you verbally yesterday, there has bear, at Las Yegas, excellent opportunity for one so inclined to "knock down" from $50.00 to $200.00 per month and in a general merchandise business without much danger of detection, unless an elaborate system of accounting were introduced, but from the above .Which is the best and almost only means I have of cheeking the account, it would appear that we have received all that belongs to us.