THE BLETHEN CORPORATION
GENERAL OFFICE: Seattle, Wash.
HISTORY: Incorporated under laws of Washington in 1930.
BUSINESS: A holding company, owning control of the Seattle Times Company,
represented by the interests of Colonel C. B. Blethen in that corporation, and will
construct a modern newspaper building on property 360x171 ft. to be owned in
fee, located on the west side of Fairview Avenue, between Thomas and John
streets, at a cost of approximately $600,000, which building is being leased for a
period of 20 years to the Seattle Times Company. Rental to be at a minimum of
$60,000 per year, payable monthly.
MANAGEMENT: C. B. Blethen, Pres.; F. D. Hammons, Sec'y.; Rae Kingsley
Blethen, Stanley Minor, Elmer E. Todd.
FUNDED DERBT
Rate Dated Due Authorized
6% % 7-1-30 1-1-47 $600,000
interest Payable n. and July 1,
at office of True
Trustee: Pacific lv.tional Bank, Se
attle, Wash.
Registerable: Coupon bonds, regis-
terable as to principal only.
Denominations: $1,000 and $500.
Callable: In whole or in part on any
interest payment date on 30 days’ no-
tice at 103 and accrued interest, up to
and including Jan. 1, 1941, and there-
after at the call price, diminished by
45% each succeeding year.
Sinking Fund: Commencing Jan. 1,
1931, sinking fund payment, amounting
to $5,000 monthly, will be used to pay
interest on outstanding bonds and bal-
Outstanding
$600,000
ance applied to purchase of bonds in
the open market at or below call price.
Tax Status: Company pays normal
Federal income tax not exceeding 2%.
Security: In addition to a direct ob-
‘igation of the Blethen Corp. are se-
ured by a closed mortgage in the form
sf Deed of Trust to the new Times
ruilding, and assignment of lease with
he Seattle Times Co.
Legal Opinion by: McMicken, Ram-
ev, Rupp & Schweppe for the bankers,
ind Todd, Holman & Sprague for the
Tompany.
Offered by: First Seattle Dexter
Jorton Securities Co., Pacific National
50, Dean, Witter & Co., July, 1930. at
BONDSHARE CORPORATION
GENERAL OFFICE: 721 Second Ave., Seattle, Wash.
HISTORY: Incorporated under laws of Washington, Mar. 16, 1928. Began busi:
ness April 1, 1928.
BUSINESS: Investment trust of general management type.
MANAGEMENT: Corporation is managed by Wm. P. Harper & Sons. Managers
pay all ordinary operating expenses and receive as compensation one-fifth of the
net profits, with the provision that compensation may be increased by a maxi-
mum of 5%, after certain substantial increase in dividends, surplus, etc. Man-
agers are to receive no compensation, however, until common stock has first
received $1.60 per share per annum.
Manager not permitted to sell securities to corporation which have been on
hand more than 10 days and all such sales must be at cost to manager.
OFFICERS: Paul C. Harper, Pres.; W. P. Sprague, Vice Pres.; P. H. Bamford.
Treas.; Dickinson C. Harper, Secy.
TRUSTEES: P. H. Bamford, J. N. Ivey, Paul C Harper, Dickinson C. Harper,
F. D. McNaughton, W. P. Sprague.
GENERAL AUDITORS: Geo. D. Bender & Co., Seattle,
Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Tues. in Feb.
CAPITALIZATION, As of Dec. 31, 1929
Par Value Authorized
iseereescaeaeeeemes NO Par 11,999 shs
Tax Status: Dividends exempt from Ivey, Seattle, Wash.
normal Fed. Income Tax. Public Offering by: Wm. P. Harper
Dividends: $1.60 per share per an- & Sons, March, 1928, at $26.25 per
num paid quarterly Jan. Apr., July, share.
Oct. 15, since April, 1928. Price Range: 20 5-8 bid in June.
Lezal Opinion by: Kerr, McCord & 1930.
BALANCE SHEET. As of Mar. 31, 1930
BNA I.JARIT.ITIES
Cash ........
Accrued Intere
*Stocks (cos
*Bonds (cost) ....
Deferred Assets o.oo.
TOTAT, ASSETS
3
355
,200
5,169
2.672
1.019
«20 415
Notes Payable ........o............__..
Reserve for Taxes...
Capital Stock ..........
surplus ooo.
TOTAL LIABILITIES 2120 415
