#clmt

[darkmaga-returns]

Yesterday I had two guests on the podcast, 

Karst Research and Dylan (aka Jake LaMotta, aka Raging Bull Capital), to talk about Calumet CLMT 0.00%↑. You should all go check out their Substacks below. You can also find them on Twitter (here and here). It was an interesting conversation on a stock that has several catalysts lined up in the near future. We talked about the DOE loan that is expected to close before year end, the different segments of the business, and more.

Podcast Summary

We talked about the 30,000 foot view of Calumet, which has transitioned from a busted MLP with no dividend to a C-corp earlier this year.

The terms of the DOE loan, which was announced in October, and expected to close by year end.

Why Karst views the DOE loan as a balance sheet event, and the deleveraging and reduction in interest expense that will happen as a result of the loan.

How Dylan thinks the DOE loan derisks the business for the next couple years.

What SAF (sustainable aviation fuel) expansion might look like for Calumet.

I play devil’s advocate questioning the long-term viability of SAF.

Their thoughts on what a potential monetization event might look like (and its timing), whether it’s an IPO of the Montana Renewables segment, or a sale of one of the other segments.

If there are any risks to Calumet from the incoming Trump administration.

Book Recommendation from Dylan: How The World Really Works by Vaclav Smil.

Book Recommendation from Karst: Throne of Grace by Bob Drury & Tom Clavin.

[nuovaalta2]

$CLMT #

The financial results for the fourth quarter and full year 2023 are scheduled to be released on February 23, 2024. https://csimarket.com/stocks/at_glance.php?code=CLMT&utm_source=dlvr.it&utm_medium=tumblr

[thxnews]

Calumet's Q3 2023: CEO's Insights Unveiled

  A Tale of Two Halves - CEO Todd Borgmann's Overview

Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) released its third-quarter results, showcasing a mixed performance driven by market dynamics and operational hurdles. CEO Todd Borgmann provided insights into the contrasting facets of the quarter, citing strengths and challenges in different business segments.  

Table of reported results for the third quarter ended September 30, 2023. Photo by Calumet.   Strong Start, Transient Hurdles, and Strategic Optimizations Borgmann described the quarter as a tale of two halves, highlighting Montana Renewables' robust earnings and effective commercial execution in the specialties business. Despite the crude costs surge, the company navigated the market successfully. However, transient operational issues surfaced at Shreveport and Montana Renewables, impacting profits. The replacement of a cracked steam drum and catalyst turnaround were opportunistically brought forward, optimizing economic efficiency and minimizing future downtime.  

Shreveport Setbacks and Operational Resilience

Operational challenges in Shreveport, notably the plugging of the catalytic dewaxing unit, led to the loss of approximately 300,000 barrels of specialty production during the quarter. The unit has since been fully repaired, and Shreveport's plant is back to normal production levels. Despite these setbacks costing over $50 million in lost profit opportunity, Borgmann expressed confidence that the repairs are either complete or nearing completion, emphasizing their transitory nature.   Segment-wise Performance Overview - Specialty Products and Solutions (SPS): Adjusted EBITDA of $38.7 million, reflecting a decline from the previous year due to softened margins and limited production volume, primarily attributed to the Shreveport operational issue. - Performance Brands (PB): The PB segment reported Adjusted EBITDA of $13.2 million, indicating year-over-year margin growth driven by improved industrial volumes and increased unit margins as input costs stabilized. - Montana/Renewables (MR): MR reported $38.2 million of Adjusted EBITDA, impacted by a steam drum replacement. The plant is expected to resume full operations in December, and the new PMA asphalt plant continues to exceed expectations. - Corporate: Total corporate costs represented a loss of $14.6 million of Adjusted EBITDA, demonstrating an improvement from the same quarter in 2022.  

Strategic Outlook Amid Challenges

Despite the operational setbacks, Borgmann emphasized that Calumet remains on track to unlock intrinsic value for unitholders in 2024. He acknowledged a potential shift in the strategic timeline due to downtime in Great Falls but underscored confidence in the ongoing DOE loan process, MaxSAF expansion engineering, and potential monetization.   Operations Summary and Future Prospects The operations summary highlighted the intricacies of facility production volume, differentiating it from sales volume. As Calumet faces transient challenges, the company's strategic vision and adaptation to market trends position it for a promising future, as outlined in the CEO's strategic overview.  

Operational Summary. Photo by Calumet.  

Webcast Information

Mark your calendars for November 9, 2023, at 9:00 a.m. ET – the stage is set for a deep dive into Calumet Specialty Products Partners' financial and operational results for Q3. Investors, analysts, and media aficionados are invited to join the live webcast at www.calumetspecialty.investorroom.com/events. Dive into the nitty-gritty of the call and enjoy the presentation slides. Dial-in warriors can join the conversation at (844) 695-5524. And, in case you miss the action, a replay awaits on the investor relations section of Calumet's website for a generous 90 days.   About the Partnership Headquartered in the heart of Indianapolis, Indiana, Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) is a powerhouse, manufacturing, formulating, and marketing a diverse range of specialty branded products and renewable fuels. With operations spanning twelve facilities across North America, Calumet caters to customers in consumer-facing and industrial markets.  

Navigating Forward: Cautionary Tale

Eye on the Horizon: Forward-Looking Statements In the tumultuous sea of market dynamics, Calumet casts its gaze forward. Certain statements and info in this press release may take the form of "forward-looking statements." The crystal ball words – "will," "may," "intend," "believe," and their kin – signal the anticipation of future developments. Not just run-of-the-mill historical data, these statements dive into the implications of supply chain disruptions, global energy shortages, and the ever-looming shadow of the COVID-19 pandemic. From the demand for finished products to the delicate dance of balance sheet de-leveraging, Calumet lays its cards on the table.   Strategic Prowess: Unveiling the Game Plan In the intricate dance of market forces, Calumet waltzes through a strategic outlook and operational resilience. From the Montana Renewables business to capital expenditures and strategic initiatives, the stage is set. Will the business outlook shine? How does Calumet plan to navigate the twists and turns? Stay tuned for an in-depth analysis.   Risks and Realities: Navigating Choppy Waters While the crystal ball predicts, the sea is not always smooth. Calumet acknowledges the risks and uncertainties that pepper its forward-looking statements. From environmental liabilities to the impact of laws and governmental regulations, the journey ahead is not without its storms. As conflicts in Ukraine and the Middle East cast shadows, Calumet steers its ship through the economic, market, and political currents.  

Reading the Signs: Forward-Looking Wisdom

Dear reader, as we navigate the seas of forward-looking statements, it's essential to read the signs. Calumet's predictions are not guarantees; they're an exploration of what might be. It's a dance with uncertainties and risks, a balancing act on the tightrope of assumptions. The management urges caution and reminds us that the future might unfold differently than anticipated.  

Navigating Murky Waters: Non-GAAP Insights

In the financial seas, Calumet deploys non-GAAP performance measures as guiding lights. EBITDA, Adjusted EBITDA, Distributable Cash Flow – these are the stars by which the ship sails. Beyond the realm of GAAP, these measures illuminate the financial performance, guiding analysts, investors, and market sailors. As we explore these metrics, we must remember: that these are supplementary insights, not alternatives, giving us a deeper understanding of the voyage ahead.   In Summary: A Journey Unfolds Calumet's Q3 2023 journey is not just about numbers; it's about strategies, resilience, and a nuanced understanding of the market's ebbs and flows. As the ship sails through uncertainties, the crew invites all to join the journey, peek into the crystal ball, and navigate the sea of forward-looking possibilities.   Sources: THX News & Calumet Specialty Products Partners, L.P. Read the full article

[ifniroasting]

--- 12月IFNi直売所のお休みです。 本年も残り1ヶ月。 クリスマスや人と集まる機会が増えてくるこの機会にコーヒーを飲んでゆっくり過ごしましょう。 12月も宜しくお願い致します。 #ifniroastingandco #ifnicoffee #ifni (IFNi ROASTING & CO.) https://www.instagram.com/p/Clmt-8hyGYX/?igshid=NGJjMDIxMWI=

[tom-representacoes-makeup]

⏬️ ⏬️ Informações de Compras ⏬️ ⏬️ --- Conosco você compra direto com as Importadoras e/ou Fábricas, trabalhamos com o menor preço do mercado no ATACADO em caixa máster fechada e/ou BOX caixa aberta (consultar marcas que vendem por box), para empresas cadastradas com CNPJ (Lojistas, Atacadistas e Distribuidores). --- Segue nossos contatos (Whatsapp): 📲 📧 (11) 9.7514.0385 - vendas@tomrepresentacoes.com - ALINE (VENDAS) 📲 📧 (11) 9.7074.6940 - vendas2@tomrepresentacoes.com - JEFERSON (VENDAS) 📲 📧 (11) 9.4748.4702 - tom@tomrepresentacoes.com - TOM (COMERCIAL) 📲 📧 (11) 9.4010.1740 - lili@tomrepresentacoes.com - LILI (MARKETING) 📲 📧 (11) 9.7083.9486 - financeiro@tomrepresentacoes.com - NÚQUIA (ADM E FINANCEIRO) --- ➡️ Visite nosso site: www.tomrepresentacoes.com.br No site você tem acesso aos catálogos virtuais atualizados diariamente. --- 📍 Visite nosso Show Room: Av. Senador Queiroz, 605 - 15 andar - sala 1512 - São Paulo/SP - CEP 01026-903. --- ☎️ Tel fixo (11) 3313.0881 -- 🙏 Obrigado desde já pelo contato, confiança e credibilidade. Conte sempre conosco! -- (#) Fique por dentro dos lançamentos, promoções e novidades: #tommakeupoficial --- #maquiagematacado #makeatacado #maquiagensatacado #atacado #25demarço #25demarco #bras #25demarçosp #cosmeticos #revenda #maquiagem #makeup #maquiagem25demarco #make #atacadodemaquiagem #instamakeup #maquiagembrasil #universodamaquiagem #maquiagem #maquiagembarata #produtosdebeleza #representamake #representamakeup #representantedecosmeticos #representantesbrasil #makeupatacado #maquiagembras (em Tom Representações Makeup) https://www.instagram.com/p/Clmt-_wu_Bb/?igshid=NGJjMDIxMWI=

[aantooniioosv]

Pescado a la talla en barra vieja, desbloqueado. #BarraVieja #Acapulco #CiraLaMorena #JuanaLaCubana 🤗 (en Barra vieja, Acapulco) https://www.instagram.com/p/Clmt-b8M4-WtaTcBNIIFwouRRgRCNLvEhwB-eA0/?igshid=NGJjMDIxMWI=

[pakussubukitbatu]

Ada yang tau ini kopi apa? #kopi #kopihitam https://www.instagram.com/p/Clmts-3yOcx/?igshid=NGJjMDIxMWI=

[katfeld2022]

To all my followers who are joining me in my first journey as a new author, I want you to know I am interested in your work also. Give me time to look over your profiles and please share any information because I want to collaborate with you and help you and for you to help me too and I don't mean just for promotion I mean encouragement and kindness and understanding and helping one another! We are in this together and I thank you for being a part of my Instagram, this is all new to me LOL 💯♥️🎈 https://www.instagram.com/p/ClmT-79uCTY/?igshid=NGJjMDIxMWI=

[ssupernovacainee]

(JWood) 

[clmt-fyrn-and-friends]

Introductions

This is a list all the RWBY ocs I have as of right now, along with a short description for each of them. Will likely be edited as time goes on.

Team CLMT: The “main” team and my original four characters.

Catalina Delacroix: Team leader. A friendly faunus girl with a dark secret. Catalina’s kindhearted and forgiving nature leads many to mistakenly view her as weak, but that could not be farther from the truth. She is extremely strong-willed and will defend her friends to her last breath. Cat puts on a happy face for her team and friends, but often suffers from depression and guilt related to a certain event in the past.

Lily Isskaldr: A shy faunus girl used to living in relative isolation, Lily has excellent survival skills, but poor people skills. She is by no means antisocial, and in fact loves people, but is just easily stressed out by most social situations. Lily is quite adventurous despite her somewhat bookish personality, and loves mountain climbing and camping out in the forests around her home.

Maeve Priosma: Loud, aggressive, and mean are all words that have been used to describe Maeve, and she’s perfectly okay with that. Before joining CLMT she had a general dislike for people outside her immediate family. Her prickly personality drives most people away, but she is fiercely loyal to those few she considers friends. Maeve is very competitive, and will challenge anyone willing to a fight, which gets her in trouble often.

Tara Cotta: A girl from a very strict and traditional family, Tara has had a hard time adjusting to life at Haven. She is quickly learning however that her parent’s views of the outside world are fairly misinformed and nearing on xenophobic. Tara has some anger issues, and years of her parents forcing her to repress them have not helped.

Team FYRN: Most recent four ocs. As such they are mostly unfinished.

Flannigan Annalaura: Team Leader. Flannigan may not be the best physical combatant, but she handily levels the playing field with her array of weapons and gadgets. While an excellent strategist, she often has to consult Nikko for the more social aspects of being a team leader.

Yujin Cotta: Rebellious older sister of Tara, Jin has been all but disowned by the rest of the Cotta family. While never outright mean, her sarcastic attitude and occasional apathy towards other’s feeling rub many people the wrong way.

Razma Tasha: [Unfinished but she’s an energetic idiot and Flannigan’s best friend since childhood]

Hinata Nikko: [Unfinished. She’s a flirty and high-spirited paladin-type fighter]

Other characters: Villains, family members, love interests, etc.

Marigold Rizzo: Primary antagonist. Her motives so far are unclear, though she seems to thoroughly enjoy causing chaos and disorder, and primarily targets government buildings and important infrastructure. Marigold is a master manipulator, and the only person she seems to have an ounce of care for is her sister Amaranth, and even that’s questionable.

Amaranth Rizzo: Marigold’s sister, and her main source of “muscle”. Ama isn’t quite as passionate about the whole “villain” thing as her sister, but is sticking with her so far out of severely misplaced sisterly loyalty. She owns an auto repair shop as a day job, and is actually quite friendly, even to those she’s fighting.

Saoirse Priosma: Maeve’s biological mother. A kind and patient woman who has her work cut out for her dealing with her troublemaking daughter.

Lapis Amari: Saoirse’s wife. Tries to be the “cool” mom, and has taught Maeve much of what she knows about fighting.

Rose Isskaldr: Lily’s younger sister

Morgan: Maeve’s raven companion. While technically an Aura construct thought to be created by Maeve’s semblance, Morgan is a fully independent entity with her own thoughts and personality. She and Maeve share a constant telepathic link.

Gloria: Flannigan’s personal AI. A few of Flannigan’s friends suspect some sort of romantic relationship between her and Blue, but the two of them have been evasive on the subject so far.

Daisy Lotor: An investigative journalist working in Haven. Has dreams of one day becoming a private investigator.

[chopperchrash]

RepostBy @acrowclmt: "Friends helping friends, ya dorks • • • #Operation67FLH #WhatYouMeanThatsACone #BetYallForgotAboutTheBaddestBitch 🤫 #DAGO #CLMT #TheHighwayGarage #NOBODY #ForUsByUs #StokeSeekers"

[fotility]

So glad Sarah and her assistant found Fotility when they were looking for the best automotive photographer in San Diego! Although we wish we would’ve met under better circumstances, we were able to catalog Sarah’s late brothers Harley-Davidson collection and Ford Mustang for her! . . Car: @ford Mustang Location: Clairemont Mesa, San Diego Car Photographer: @fotility . . #ford #mustang #fordmustang #mustanglovers #musclecar #260 #classiccar #carcollectors #collectible #clairemontmesa #clairemont #clmt #sandiego #automotive #auto #photos #photographer #fotility #jerryroxasphotography #needpix

[faydalialetcekic]

To buy as Nft : https://foundation.app/collection/clmts

[getbarbered]

Balance. . . #GetBarberEd #barber #barbers #barbering #barbershop #barbershops #bostonbarber #menshair #haircut #hairstyle #arlingtonbarber #freshcut #taperedhaircut #walthamma #fadehaircut #fadedhair #freshfade #sidepart #combover #pompadour #barberlife @anthonys_barber_styling @NewEnglandHairAcademy @barbershopconnect #arlingtonma #belmontma #winchesterma #lexingtonma #somervillema #medfordma #cambridgema #eastarlingtonma #arlingtonheightsma (at Cambridge City Hall) https://www.instagram.com/p/CLMT-9fBSbY/?igshid=1jc9579n0utig

[kheirfakhreldin]

Summary of Franklin D. Cossitt’s Claim by the Southern Claims Commission for His Losses During the Civil War, December 4, 1876.

No. 20.459, 43.163,

CLAIM of Franklin D. Cossitt

OF

Fayette Co.,

Tennessee

SUMMARY REPORT.

Amount Allowed $14,102.00

SUBMITTED TO CONGRESS

December 4, 1876

BY THE

COMMISSIONER OF CLAIMS

UNDER

Act March 3D, 1871

No. 20459

The Claim of Franklin D. Cossitt, of Fayette Co., in the State of Tennessee

42 items. Amount of claims as per 1862. Statement in petition—hereto

Nov & Dec. annexed in detail.

Amount claimed: 31620.00

Amount allowed: 14102.17

Amount disallowed: 17516.83

Mr. Cossitt was a native of Connecticut. At the age of fifteen he went to Tenn. He there became a merchant & planter. He owned four plantations, vis, “Myrick”, “Urquhart”, “Sykes”, and “Adams,” and 127 slaves. He never held any civil or military office in the Confederacy & it does not appear that he ever gave any aid or comfort to the Confederacy. In the summer of 1862 he went to Bolivar where Generals Grant & McPherson were camped with their Army & told them that the Confederate forces did not amount to much & that they would have no difficulty in coming into and taking possession of the country. They had supposed that the Confederate force was large. The next day Genl. McPherson came to La Grange & took possession of the country. In Exhibit No. 2, Genl. McPherson, under date of Nov. 13, 1862 says “Mr Cossitt has rendered good service at different times & deserves compensation for articles taken from him.” Genl. McPherson also under date of Nov. 5 ’62 “certifies that Mr. Cossitt has shown himself a good loyal man & has rendered important services to the Federal cause” &c.—

Genl. Hamilton, who for 6 weeks in Oct & Nov. ’62 had his headquarters at his house, says—“I have known Mr. Cossitt since Nov. ’62,—have at all times found him a reliable & thoroughly loyal Union man, from whom I have received much useful information at times & have always found his sympathies with the Union Gov’t & Armies.”—Genl. Hurlbut, under date of Nov. 18, ’62 says—“Mr Cossitt has been known to me since June last as a reliable Union man,--I became acquainted with him at La Grange on the first occupation of that place by Union troops. I have reason to believe that he has always been loyal to the Gov’t & have received from him valuable information.”

Genl. Hurlbut was examined orally before us & his evidence is very full & satisfactory to prove claimant’s loyalty. We deem it sufficient to refer to it.—Many other papers are filed to show that other officers of our Army in 1862 regarded him as loyal.—He was threatened and molested by the rebels, & in April 1863 was obliged to leave. He went to Chicago where he has since resided. In regard to the necessity of his leaving Genl. Hurlbut says—“his life would not have been worth a straw outside of the range covered by the U. S. troops.” In June 1862 he was extracted by Genl. Sherman with the charge and repair of trestle work, which service he faithfully performed. See Genl. Sherman’s letter. Exhibits 6 & 7.—

Loyalty fully proved.—

As to the taking of the property. Genl. Hamilton encamped on the Myrick place with a large body of troops in Oct. ’62 & staid about 7 weeks.—At the same time Genl. McPherson with a still larger body of troops camped on the Urquhart place. The first 11 items & the items from 26 to 42 inclusive were all taken from the Myrick place, by the troops of Genl. Hamilton in Nov. 1862. Items 1 to 11 are shown by the evidence of Mr. Myrick, the superintendent of the Myrick place, also in part by Mr. Cossitt, & by the papers filed in the case which fully corroborate the testimony. Items 26 to 42 are proved by receipts by receipts given at the time and which are proved & filed in the case. But a small part of the property taken from the Myrick place was receipted for. Exhibit 1 is a statement drawn up by Mr. Cossitt in Nov. ’62 from the declarations made by Mr. Myrick at the time. The Myrick place contained about 1000 acres of cultivated land.

1862

1st to 30th Nov.

1 10 mules. 1500.—

2 90,000 lbs. fodder. 900.—

3 10 stacks, 15000 lbs. hay. 150.—

4 2625 bu. corn, taken from field. 2100.—

5 1125 bu. corn, taken from cribs. 1125.—

6 150 bu. sweet potatoes. 150.—

7 150 fat hogs, 150 lbs. ea. 2250.—

8 17 beef cattle. 714.—

9 250 lbs. brown sugar. 40.—

10 1/2 bbl. 20 galls. molasses. 20.—

11 100 stock hogs. 500.—

[Above amounts taken by Gen. C. S. Hamilton, U. S. vols. from “Myrick’s Place”]

12 63 stacks, 94500 lbs. fodder. 945.—

13 46 stacks, 46000 lbs. hay & pea vines. 460.—

14 7 stacks, 7000 lbs hay & pea vines. 70.—

15 400 acres corn, 10,000 bu. 8000.—

16 16 mules. 2400.—

17 150 fat hogs, average 150 lbs. 2250.—

18 100 stock hogs, average 150 lbs. 500.—

19 66 cattle, cows & calves, 50 cattle. $2000. 10 cows. $300. 6 calves. $60.}2360.—

20 25 bu. corn meal. 25.—

21 2 sacks salt. 20.—

22 13 bags, 13 bu. dried peaches. 13.—

23 1200 bu. sweet potatoes. 1200.—

24 17 sets [qeer? geer? green?]. 85.—

Total: $27,777.

[Above was taken from “Urquhart Plantation” by Gen. J. B. McPherson, from 1st to 13. Nov./1862]

(See Exhibit #2.)

Subtotal: 27,777

1862 Nov. 7

25 19 mules.

26 2 loads, 30 bu. corn.

27 2 loads, 2000 lbs. fodder.

[Above taken by Lt. Conynham [Cunningham?], Actg. Q. Mr., 16th Iowa Vols., under command Gen. J. McArthur, 6th Divis, Army of Tenn. See exhibit No 4]

28 3 loads, 4500 lbs. hay. 45.—

29 7 loads, 7000 lbs. fodder. 70.—

30 8 loads, 200 bu. corn. 200.—

[Above taken by Capt. E. D. Ostrand, Comdg. Co. “A”, 4 Ills. Cavy. See exhibits 5 & 6]

31 2 loads, 30 bu. corn. 30.—

[Taken by Lieut. Jones, Q. M. 16 Wis. Vols. See Exhibit No 7]

32 255 bu. corn. 255.—

33 1600 lbs. fodder. 16.—

[Taken by J. F. Stouffer, wagon master, 2 Iowa Cavy. See Exhibit No 8]

34 4 loads, 1200 lbs. fodder. 12.—

35 5 loads, 75 bu. corn. 75.—

[Taken Nov. 6. 7. 8. 10. & 12 Nov. 1862 by B. S. Williams Lt. & A. R. Qr. Mr. 8th Wis. Vols., Col. J. M. Loomis, Comdg 2 Brig. 2 Div. Army of Tenn. See Exhibits 9. 10. 11. 12. 13. & 14.]

36 4 loads, 1200 lbs. fodder. 12.—

37 3 loads, 45 bu. corn. 45.—

Subtotal: $31,437.—

38 300 lbs. hay. 3.—

[Taken Nov. 6, 7, & 10, 1862 by Lt. Spring, Qr. Mr. 26th Ills. Infy. Command of Col. J. M. Loomis, 2d Brig. 2 Div. Army of Tenn. See Exhibits 15, 16 & 17]

39 2 loads, 30 bu. corn. 30.—

[Taken by R. Kennedy, Qr. Mr. 13 Iowa Infy as per certificate of Leslie Bassett, 1st Lt. Co. “K,” 13th Iowa Infy. See Exhibit No 18]

40 10 loads, 80 bu. corn. 80.—

41 2 stacks, 3000 lbs. hay. 30.—

[Taken by Enos P. Searls, wagon master, 5th O. V. C. See Exhibit 19]

42 1 steer. 40.—

[Taken by Lt. Joshua Ricketts, Co. “C”. Eng. Reg. of the West. See Exhibit No. 20]

Total: $31,620.—

The other items from the Urquhart place are proved and therefore are allowed, except item 22 & a part of No. 23 of which the Estimate is too large.—The prices of pork & beef were very low in Nov. ’62.—

We allow as follows:—

Items 1. 16. & 25 For mules—$4000.00 & reject the rest.

2 For fodder—562.50 & reject the rest.

3 For hay—105.00 & reject the rest.

4 2625 bus corn in field—1050.00 & reject the rest.

5 1125 bus corn in cribs 562.50 & reject the rest.

6 150 bus potatoes—75.00 & reject the rest.

7 150 fat hogs—750.00 & reject the rest.

8 17 Beeves—340.00 & reject the rest.

9 250 lbs Sugar—17.00 & reject the rest.

10 1/2 bbl. Molasses—10.00 & reject the rest.

11 100 stock hogs—200.00 & reject the rest.

12 63 stacks of fodder—309.37 & reject the rest.

13 46 stacks of Hay & pea vines} 140.00 & reject the rest.

14 7 stacks of Hay}

15 400 acres of standing corn 3200.00 & reject the rest.

16 Included in item 1

17 150 fat hogs (Urquhart)—750.00 & reject the rest.

18 100 stock hogs (Urquhart)—200.00 & reject the rest.

19 66 head of cattle—980.00

20 25 bus corn meal—25.00

Amount carried over $13276.37

Amt. brot. forward—$13276.37

21 2 sacks salt—$10.00

22 13 bags dried peaches—

22 1200 bus sweet potatoes—300.00—

24 17 setts of Gear—85.00

25 Included in item 1.—

26 30 bus corn—15.00

27. 28. 29 Hay & fodder (receipts) 25.20

30. 31. 32 Corn as per receipts—202.50

33. 34. Fodder as per receipts—21.00

35 Corn as per receipts—37.50

36. 37. 38 Hay, corn, fodder as per receipts—33.60

39. 40 Corn as per receipts—55.00

41 Hay as per receipts—21.00

42 A steer—20.00

$14,102.17

Making in all fourteen thousand one hundred and two dollars and seventeen cents—and rejecting the rest of the claim.

A. O. Aldis

J. B. Howell

O. Ferriss

Commissioners of Claims

On the hearing Col. McAllister of Counsel for Clmt. moved that an item for 6375 bus. of corn taken from the field on the Myrick place be added to the petition & claim, as that amt. at 25 bus per acre would be equal to the “255 acres corn gathered” named in No. 1 (2 by Audem) which was filed when the petn. was, & is referred to in it.—But many other items in Exhibit 1 are not included in the petn., & unless specially named in the petn. can not be considered as a part of it. The exhibit is referred to as proof of the items of claim stated in the petn., but not as being intended to present other claims than those named in the petn.—Again the claim now is for 6375 bus corn taken from the field, while the Exhibit speaks only of “255 acres corn gathered.”—So the “45 acres gathered” agrees exactly with item 5. at 25 bus per acre.—We have no doubt that the Army took as much corn from the Myrick place as is charged in items 5 & 6 & in the items from 26 to 41 for which receipts were given & so allow. For corn in cribs in Nov. ’62 we have always allowed 50 cents per bus, & we do so here though the receipts estimate it only at 25 cents. Mr. Cossitt is entitled to that fair price which in all other cases has been allowed claimants. For corn in the field we allow 40 cents per bus., about the difference the clmt. makes in his charges.— The Urquhart place contained 1600 acres of which about 1000 acres were cultivated. The witnesses say there were about 600 acres in corn, & that deducting what was trodden down by the Army there were at least 400 acres gathered by the troops.

Exhibit No. 2 (marked 2A by Mr. Audem) is a paper which clmt. drew up from a statement made at the time by Gilchrist, the Supt. Of the Urquhart place under Myrick, & which he then presented to Genl. McPherson, who then, Nov. 13, 1862 referred it to Qr. Mr. Burr for investigation saying—“Mr. Cossitt has rendered good service at different times & deserves compensation for the articles taken & damages done him. This contemporary claim made & thus certified by Genl. McPherson is entitled to much weight as evidence. It is sustained by the testimony of his foreman Wm. Cossitt, a colored man, and to some extent by Mr. Myrick who had a general supervision of the place tho residing 6 miles off. The other papers strengthen the proof of the claim. We are satisfied that the “400 acres of corn” claimed in Exhibit 2 must have yielded to our troops at least 10,000 strong who were camped on the place for several weeks at least 8000 bus of corn & for which as taken from the field we allow $3200.00

The items from 12 to 25 inclusive were all taken from the Urquhart place & are all named in Exhibit 2 except the item 25 for 19 mules.

As to item 1 for 10 mules taken from the Myrick place it is fully proved by Myrick, & Cossitt & is in Exhibit No. 1.—

As to items 16 for 16 mules, & 25 for 19 mules all taken from the Urquhart place: in all 35 mules. There is no proof that these mules were taken from any other place than the Urquhart place. There were mules on the Sykes place but there is no proof whatever as to their taking. These two items make up 35 mules, & that is just the number mentioned in Exhibit No. 3, the paper given by Genl. McPherson.—In that paper he says—“Mr Cossitt has permission to retain for the present the 3 mules which he obtd. From the Qr. Mr. Dept. He has had 35 mules taken from him by our Army & the above 3 mules are required by him to secure his crops.”—The clmt. assumes that the 35 mules do not include the 10 taken from the Myrick place. But we think this statement, made on the 20th Nov., after all the mules had been taken, was made at an interview between clmt. & Genl. McPherson, & referred to all the mules taken from clmt. whether from the Myrick, the Urquhart or any other place.—Clmt.’s object was to keep the three by showing how many had been taken & that none were left;—and without reference to any particular plantation. 

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