Prudence-Bonds Corporation 
Prudence First Mortgage Guaranteed 5%% Participating 
Certificates 
Legal for trust funds in the state of New York. 
These certificates are issued by Prudence-Bonds Corporation 
and evidence the participation or ownership in bonds and 
mortgages constituting first liens against specific parcels of 
real estate, the owner being entitled (1) to his share in 
the mortgage lien on the particular property, and (2) to 
the guaranty of the principal and interest of the certificate 
by The Prudence Company, Inc. The Prudence Company, 
Inc., incorporated in New York in 1919, operates, under the 
supervision of the New York Banking Department, the 
business of financing real estate, purchasing first mortgages, 
building loans, ete. 
lieu of the earnings of the particular properties, the com- 
parative balance sheet of the guarantor for 1927 and 1928 
is given. Its 1929 capital and surplus are $17,181,775. 
Assets: 
Cash ..... . eran 
Prudence Bonds, ctfs., etc.... 
Mortgages ......... 
Accrued interest.............. 
Marketable securities......... 
Dther assets Ce 
Liabilities: 
Preferred stock 
Common stock 
Bonded debt ............... 
Interim certificates, ete....... 
Due bank ................ 
Unpresented coupons....... 
Accounts payable.... 
Tax reserve .......-. ..oves. 
Advance payments .......... 
Reserve for interest.......... 
Surplus . 
1928 
$3,887,238 
9,011,787 
20,858,946 
2,892,919 
2,613,527 
2.445.239 
$41,709,656 
5,000,000 
5,000,000 
14,600,000 
1,675,150 
4,000,000 
144,488 
140,356 
TAT 
2,284,612 
1,807,238" 
6.3007 
$41,709,656 
1927 
$10,677,586 
2,662,022 
17,549,145 
2,073,338 
2,332,491 
691.962 
$35,986,544 
5,000,000 
5,000,000 
14,800,000 
2399 566 
352,336 
301,725 
650,313 
1,165,017 
1,369,033 
5.025.554 
$35,986,544 
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