fF wll k 1 i lL. - EL 3 TR op 3 om EB i 4 ln dq x : I" 3 EXCHANGE BUILDING SEATTLE, WASHINGTON This 23-story building is the home of the Seattle Stock Exchange, Seattle Curb Exchange, Seattle Grain Exchange, Marine Exchange and the Wholesale Butter, Egg, Cheese and Poultry Exchange, as well as many of the leading commercial and financial houses of the Pacific Northwest. 1 “FOMSON'S MANUAL A Soundly Planned. . op ly = 3 7 EXCHANGE BUILDING One of the realty units of the United Group of Corporations, and home of the Seattle Stock Exchange Strongly Welded United National Corporation, holding company for the United Group of Corporations, is the largest financial institution in the Pacific Northwest from the standpoint of paid-in capital. In its staunch structure are welded together five forwardlooking divisions, embracing operation of investment companies, distributing of investment securities, insurance underwriting, trust company operations and realty ownership and management - - - augmented by strong reserves of cash and marketable securities. United National Corporation’s permanent investments are distributed substantially as follows: investment company division, 39 per cent; securities distributing division, 16 per cent; insurance division, 11 per cent; trust company division, 2 per cent; realty division, 8 per cent. UNITED NATIONAL CORPORATION “al SEATTLE TACOMA SORTLAND SPOKANE THOMSON'S MANUAL Building the Northwest -—a + Each dot represents one of the many hundreds of Northwestern bond issues handled or underwritten by Ferris & Hardgrove, helping to build up municipalities, schools, industries, highways, irrigation systems, electric light, tele: phone and telegraph systems. Td hy O00 4 BY 4 #2 - INVESTMENT BONDS Spokane Seattle Portland THOMSON'S MANI STABILI Seventy-five prominent business men in various parts of the State of Washington are now guiding the destinies of Marine Bancorporation banks in their capacities as Directors. They stand in the front ranks of business and professional men in their respective communities. The bankers among them are known to the banking fraternity as outstandingly capable executives. Seldom has a corporation of similar size and age been fortunate to assemble as its associates and directors so many men of character, sound business judgment, civic responsibility and prominence. In their capacities of bank directors they render a valuable service to their communities. Recognizing as they do the many constructive advantages of the modern type of regional banking as typified by the Marine Bancorporation Group of Banks, these indeed are true leaders. To the seven thousand stockholders of the Marine Bancorporation and the seventy thousand depositors and customers of its banks whose interests are so ably cared for by these Boards of Directors, the character and ability of these men signifies the allimportant thing—STABILITY. Upon this stability the foundation has been laid for the growth that is to come, guided by the untiring efforts of these Directors. MARINE BANCORPORATION MARINE BANCORPORATION Regional Bank Group THE NATIONAL BANK OF COMMERCE OF SEATTLE Central National Bank of Commerce Seattle Capital National Bank Olympia, Washington First National Bank Mount Vernon, Washington Bank of Elma Elma, Washington First National Bank of Cosmopolis, Washington Washington National Bank of Commerce Seattle Grays Harbor National Bank Aberdeen, Washington Montesano State Bank Montesano, Washington La Conner State Bank La Conner, Washington Marine National Company Seattle. Washington THOMSON'S MANUAL Peoples Securities Company affiliated with PFPeoples IBBank & Crust Co. Second Avenue and Pike Street Peoples Kirst Avenue Bank 801 First Avenue SEATTLE Dealers, Distributors, Underwriters of — Investment Securities MEMBERS SEATTLE STOCK EXCHANGE OFFICERS Albert Brygger, President Walter H. Tuesley, Vice-Pres. & Mgr Hugh C. Gruwell, Vice-President Fred P. Loomis, Secretary- Treasurer J. A. Green, Asst. Secretary-Treasurer Joshua Green Albert Brygger John E. Burkheimer WwW. B. McCord TRUSTEES Caspar W. Clarke Nathan Eckstein Edw. I. Garrett P. K. Struve Hugh C. Gruwell Charles E. Hickman Philip D. Macbride Walter H. Tuesley T{OMSON'S MANUAL UNITED OREGON CORPORATION INVESTMENT BONDS AND STOCKS United Oregon Corporation offers to investors the resources and services of the securities distributing division of the United Group of Corporations, of which it 1s a unit. This institution, in which the seasoned experience of two pioneer investment houses of the Pacific Northwest have been combined to better serve the Oregon territory, invites institutional and individual use of its extensive investment facilities. United Oregon Corporation—a union of the Portland offices of Murphey, Favre & Co, established in 1888, and of Ferris & Hardgrove, established in 1913—is a recognized leader in the fields of municipal financing in Oregon and the Pacific Northwest, as well as in standard corporate and utility financing. IEE UNITED OREGON CORPORATION AMERICAN BANK BUuiLDING PORTLAND, ORE. THOMSON'S MANUAL & ) “0 A TRIBUTE oF THE PROFESSION No greater tribute can be paid to a lawyer, physician, architect, engineer, or to a man of any calling, than to be recognized by his profession for integrity and ability and for what he has contributed to the common weal of man. No greater compliment can be paid any company than the recognition by its competitors as leader in its particular field of industry. Such a tribute has recently been tendered to the Puget Sound Power & Light Company which won the Charles A. Coffin Award in competition with hundreds of other public utilities situated in all parts of the country. This award is a recognition of the highest degree of service, of efficiency and of progress by any utility in the United States for the year 1927—an acknowledgment by the various companies that make up the light and power business that the Puget Sound Power & Light Company is the standard bearer for the industry. Pride of ownership in this great company is shared by more than 16,000 citizens of Washington. Its Preferred Stock offers you also an opportunity to affiliate with the nation’s most progressive utility. PUGET SOUND POWER & LIGHT SECURITIES CO. . C, 200 Electric Building a Seattle, Washington oo) OFFICERS W. H. PARSONS, Chairman M. A. ARNOLD, President L.M. ARNOLD, 1st Vice-Pres. H. S. GRANDE, Vice-Pres. G. E. MAINE, Vice-Pres. T. F. GLEED, Vice-Pres. M. C. BAKER, Treasurer A. P. CASSEL, Secretary DIRECTORS M. A. ARNOLD L. M. ARNOLD F. H. BROWNELL Ww. C. BUTLER O. D. FISHER D. E. FREDERICK P. E. HARRIS L. C. HENRY H. G. M. KELLEHER W. H. PARSONS M. E. REED J. W. SPANGLER NORTHWEST'S UA RBG EEE nT NS EC URLTYYES TENS TIT UTILONS FIRST SEATTLE DEXTER HORTON SECURITIES COMPANY Second Avenue and Columbia Street <3 I 2 ~ 2 - Z Nn Z ay 3 z, > = Owned by the Stockholders of the First Seattle Dexter Horton National Bank COMBINED RESOURCES OVER ONE HUNDRED MILLION DOLLARS A ~ — 3 Jet VI THOMSON'S MANUAL ~™ PACIFIC. NATIONAL COMPANY OWNED BY THE STOCKHOLDERS OF The PACIFIC NATIONAL BANK of Seattle COMBINED CAPITAL AND SURPLUS FUNDS OVER $3,750,000 W. E. Boeing William Calvert J. H. Fox W. H. McGrath Moritz Thomsen 2 , - a_@ ro. DIRECTORS Raymond R. Frazier Robert S. Walker Joseph C. Black T. A. Davies 00 e¥ Joe Pa —. 2 0 fl ].-H. Bloedel G. H. Greenwood H. F. Ostrander E. E. Todd Dietrich Schmitz DISTRIBUTORS AND UNDERWRITERS OF HIGH-GRADE [INVESTMENT SECURITIES SPECIALIZING IN PACIFIC NORTHWEST CORPORATION AND MUNICIPAL ISSUES. MEMBERS SEATTLE STOCK EXCHANGE SEATTLE, WASHINGTON THOMSON’S MANUAL of PACIFIC NORTHWEST FINANCE A Digest of Securities in, or Pertaining to The Territory of Alaska "Me Province of British Columbia The State of Idaho The State of Montana The State of Oregon The State of Washington = re VOLUME 1 (1930) PRICE: $10.00 S Published by THOMSON’S STATISTICAL SERVICE SEATTLE, WASH. WM. O. THOMSON, Mgr. COPYRIGHT, 1630 by THOMSON'S STATISTICAL SERVICE THOMSON'S MANUAL PREFACE The Pacific Northwest is a region of extraordinary ruggedness,—a terraine of mountains, swift rivers, vast plains, wide plateaus, big trees, deep lakes. These rugged features, which today form the bulwark of her economic life. were once barriers, retard: ing her progress by their appalling immensity. The hardy, individualistic pioneer who, single handed, developed the less-rugged sections of North America was unable to cope with the situation in the Pacific Northwest. It required the combined labors of many men, of many groups of men, co ordinated with large aggregations of capital and scientific knowledge, to open her mines, exploit her forests. construct her irrigation svstems, harness her horses of waterpower. Hence, although her political history dates from an early period in the annals of North America and is beset with many fine traditions, her financial history has been less outstanding. Within the past decade, however, great strides have been made in the field of finance, until the time has arrived, we believe, when the Pacific Northwest may lay claim, without braggadocio, to having attained a state of financial autonomy. As witness of this fact, we present herewith, with a certain degree of personal pride and satisfaction. this. the first MANUAL OF PACIFIC NORTHWEST FINANCE. Publication of this MANUAL has not been altogether a path strewn with roses. It represents, in the first place, no small amount of hard work, performed by numerous dividuals. and frequently under the glow of midnight kilowatts. This was anticipated. Secondly, the project has been carried on during a period of acute business stag nation. This was not anticipated. Had the publishers been possessed of a prescience, portending the future, it is quite certain that the year 1930 would not have been hosen to launch the MANUAL. Preliminary work began in September, 1929, and, before it was realized that a major business depression was under way, the project had so far advanced that the publishers did not feel they could withdraw with honor. Everything was not discouragement, however, and to our loyal friends who stuck with us we wish to express our sincere gratitude. We are particularly grateful to the following: ~ To Mr. Robert M. Hurlbut, of Drumheller, Ehrlichman & White, without whose active and energetic support our Manual could not have been launched. To Mi. L W Graves, of the Marine National Company, for valuable counsel given. To Mi: Ralph Battin, of Dean Witter & Co; Mr. J. M. Glass, of E. A. Pierce & Co.; Mr. 13. J. Larimer, of N. J. Larimer & Co.; and Mr. A. P. Grant, of Russell Miller & Co.. for assistance in compilation of data. To the students in the class in Investment Analysis, at the University of Washington School of Business Administration, under direction of Prof. Carl S. Dakan, for compilation of nearly the entire Real Estate section. and also to certain students who did work on other sections. Lastly, we wish to thank most heartily all those whose advertisements appear in these pages. Without advertising this MANUAL can hardly hope to carry on from year to year. As the Manual grows in prestige, we believe it will become an advertising medium of the very highest type. To those who did not see their way clear to go with us this first year, and for the most part with substantial reasons. we will say that we hope things will be different next year. It is our aim to make the MANUAL an accurate chronicle of data on Pacific Northwest SecUTiFiee——tf there wre inaccuracies in this frst edition, we sincerely hope. srrhey will do not one an injustice and we shall appreciate having them called to our attention so that they may be corrected in the second edition of the MANUAL. Yours very truly, THOMSON'S STATISTICAL SERVICE. By WM. O. THOMSON XI THOMSON'S MANUAL ri i TT * 1 1411 FOURTH AVENUE BUILDING ITUATED at the focal point of Seattle’s business, immediately accessible to its financial, retail,” hotel and transportation groups, this commanding struc ture is wisely the choice of leading financial and professional firms . . . a building of beauty and dignity with every modern advantage and convenience . . . a location which both evidences and conveys distinction ... . The 1411 Fourth Avenue Building. Rentals and Management METROPOLITAN BUILDING COMPANY 1201 Fourth Avenue. Seattle THOMSON'S MANUAL XII TABLE OF CONTENTS SECTION I. GOVERNMENT BONDS, INCLUDING STATE, PROVINCIAL, CouNTY, MUNICIPAL AND SCHOOL BONDS... PAGE SECTION II. BANKS AND TRUST COMPANIES, INCLUDING ALL WITH CoMBINED CAPITAL AND SURPLUS OF $150.000 OrR MORE... Section III. INSURANCE COMPANIES SEcTION IV. LUMBER AND TIMBER COMPANIES. SECTION V. PULP AND PAPER COMPANIES Section VL PUBLIC UTILITIES _....... SectioN VII. FINANCE ....... Section VIII INDUSTRIAL COMPANIES SEcTION IX. MINES __. SECTION X. REAL ESTATE _ SectioN XL APPENDIX STOCK EXCHANGES— SEATTLE STOCK EXCHANGE............... SEATTLE CURB EXCHANGE......._....... PorRTLAND STOoCk AND BOND EXCHANGE. .... INDEX _.. 107 121 159% 181 277 3135 413 431 4 eee 481-83 ennen484-86 487 Xv THOMSON'S MANUAL mi — DEAN WITTER &Co. | MUNICIPAL AND CORPORATION BONDS MEMBERS New York Stock Exchange San Francisco Stock Exchange ~~ Los Angeles Stock Exchange San Francisco Curb Exchange ~~ Los Angeles Curb Exchange Seattle Stock Exchange Honolulu Stock Exchange Portland Stock and Bond Exchange New York Curb Exchange Associate! SAN FRANCISCO LOS ANGELES PORTLAND SEATTLE HONOLULU OAKLAND SACRAMENTO TACOMA PASADENA LONG BEACH RIVERSIDE ND \/ THOMSON’S MANUAL of PACIFIC NORTHWEST FINANCE £ VE INDEX PAGE Aberdeen, Washington ....... eevee 21 Aberdeen, Wash., School Dist. No. §.. eee. 21 Abonita Apartments, Seattle, Wash..... - Ce ean. AS Aero Alarm Company............ eevee 317 Aircraft Plywood Corporation. ee a eeeeeeeeeenreeenn eee 122 Alaska Juneau Gold Mining Company......... eee 413 Alaska Pacific Salmon Corporation... .... ereeeee 315 Alaska Packers Association.......... eeeereraenee 316 Alaska Steamship Company.......... ermenneeeee 181 Albany College, Albany, Ore........ cree 4T5 Albany College (Oregon)..... eevee eens eee 431 Albany, Oregon .....ccceccee. =. ee eee 12 Albion State Normal, Idaho....... .. ree. ATS Alma Mater Society, University of British Columbia... ereeeeiaeennneneeene 475 Ambassador Apartments, Portland, Ore... re eeeeeveenneaneenrenaeeneee 452 America Automobile Building, Seattle... eee eenannennernennaeeeeeees ATS American Bank, The, Spokane, Wash. .......ccociiii eerie 94 American Bank Building, Portland, Ore.....ccociiiiiiiiininn ee... 460 American Bank Building, Seattle, Wash. .................... eer. 431 American Exchange Bank, Seattle, Wash. ................ eereeeee. 83 American [ce & Cold Storage Co., Billings, Mont............. verre 475 American Medical Life Associates.........c.c.cco... een. AT American Linen Supply Co., Seattle, Wash... eee 475 American Mortgage Co., Tacoma, Wash. ..... eee. 2713 American National Bank, Aberdeen, Wash. .. eee. 13 American National Bank, Helena, Mont. ..... erie. 50 American National Bank, Klamath Falls, Ore. ..... eens. 60 American National Bank, Portland, Ore. .. Eppes enna iennaenenniitizesis OR American Timber Holding Company.......cccoeeeeiiiiiiiniinninneens seemsanasnsmsmmmsnnsiiiia 15d Anaconda Copper Mining Company....... ....... .. rr eee. 414 Anchorage Light & Power Company.......cccocooineeces eeeeeeeee 182 Anderson Bros. Bank, Idaho Falls, Idaho... cameeeee eee 39 Anderson Fish Co., Astoria, Ore........ 475 Anderson & Middleton Lumber Company of Oregon.... 122 Arcade Building & Realty Company, Seattle... ceeereeeeee 432 Arlington Club, Portland.........c...c... sensei ormemrrennar: 433 Askell, T. N. and Wife, Seattle, Wash... eeereeeeanneenne 4715 XVI THOMSON'S MANUAL Associated Hotel Company (Oregon).......cccoeeeeenes careeeeeenenes 432 Associated Students, University of Oregon........c....-.. et reneneaneeaneneee. ATS Associated Students, University of Washington. .....occcoeoieiomeeenrninceicscannnncennnennes. 432 AStoria, OTEOM ..oimemimisieeeirmcecmreasarececrcmemamreseasmnanssnssemssssasessssnscsensen = womens 11 Astoria, Oregon, School District-No. 1....ccciiiiiiiiiinas cereeermeeneeeneeeneee 11 Auditorium Apartments, Seattle... coo ns eeereeeeeee 433 Baillargeon- Winslow Investment Corporation............. cereeenenene 278 Baker-Boyer National Bank, Walla Walla, Wash. ............ : ceeeeeeeneee 101 Baker, Oregon ........... es S— perenne 12 Baker, Oregon, School District No. 5...._. ereereeeeenn 13 Baker (Oregon) Community Hotel... . ermine eeeeeeeeneee. 434 Ball Ranch, Montana.....cccceceeeenann-- eee eraeeeaeennevaaarneeannnnannnaeesnaeensneeens ATS Ballard Eagles Building, Seattle..........cccoooiniiccee eeeeereeereeesmeenneesneeenereeeeneees 434 Bank of California, N. A........ eer ra aa reeves es nnnananennneeeansneeeaenees | O4 Bank of East Portland, Ore. .cooooioeeoeecereeeecemresanesssmsnsmensnemssssenssesnsscsneceeeees 04 Bank of Hoquiam, Wash, eee eee eens eee eran e ean ateaeeneananenn nent entaneaeee anne anmrananannnnnns SO Bank of Oregon City, Ore. .oocoimecmmmrmmiommssssmmsssmmnmsmsssines + seosmmsesoc oo eeveennenenes 02 Barron Reserve Corporation ......c...... sm ng rreenereeeeeaeeneeeee 218 Bates, Geo. W. & Co., Bankers, Portland, Ore. ...ccoiiiiiiiis imriiiis 65 Bear Creek Logging Company....ooccooeeicee vo ceieeenns SEER meeeeeneeeee 123 Beaver Portland Cement Company..........ccceeeeee creeeeee 318 Bellingham, Washington ......cccceecoeee on vB rieemenreneeenaeeeee 22 Bellingham, Wash., School District No. 301............ . eens 22 Bellingham (Wash.) Community Hotel....... —.... + rennnnrensmmmesnmsnesnniiisssiinr. $54 Bellingham National Bank (Wash.)............. eennusearesenc rm aasnss nna mans nanan iiid® TY Benjamin Franklin Hotel, Seattle... iin ees 435 Bergonian Hotel, Seattle.....c.ocoimmmmrmininsriininaans re nme = nen 435 Best Lock Corporation (Delaware).....ccoooeemmiiivveccicceas Ci eeeeeeeen. 480 Best Universal Lock Company (Washington).......... ereeeeaeeeeee 479 Big Wood Canal Company, Idaho. .cccoeeceece i os aemeeeeeeeeee. ATS Billings Deaconess Hospital, Montana......... creeneeneeee 415 Billings,Montana _......cccc..... Cree 4 Billings Polytechnic Institute (Montana)... ...... ... eetisenussseen AY Blethen Corporation, The.....cccccceeerec. nn RE. weminiiii SD Bloedel-Donovan Lumber Mills................. eee rereeeeeeenneeeee. 124 Boise, Idaho ..oeorreeieeeeeeeees eee aaa mmmmmmnmnnnne 2 Boise City National Bank (Idaho). ooo cna 37 Boise Gas, Light & Coke CODUDAIYcoeeeeeeeseeeeeeeeeeeeeeeeeeesanamsassnsmensansemensscasensacaceneees 186 Boise Hotel (Idaho) .ooooiioeeememereaeceecenmeresccucaramnmrcasanmannssssressesssssssesssnnsnaensnsscsnnscs 436 Boise Water Corporation ................. eee eee een an nanan aaneaneeeneneesneaneennnees 188 Bondshare COIPOTAtiON .....c.ccocoireeemrriiiermmmmanessss casas estsssamaanan = amsssmassastan tasers sanssneanas 279 Breese Aircraft Corporation.........cccccocmneen. eeeeeeeeeeeaeet eemereier reeeeceeseeeaseeens 319 Bremerton Bridge Company.........ccoooeeoeenieacnnes or aren eveereeeeeeeee 183 British Columbia, Province of .......coocvviicciecciccs ee. 33 British Columbia Packers, Ltd. ........ccoccooccce in eee aereeemeeeene 320 British Columbia Power Corporation, Ltd. ........ ersmnmnansmennss SOE British Columbia Pulp & Paper Company, Ltd. ........ vemmmmmnnsoneneeniiiizirs TFE British Columbia Telephone Company, Ltd. ...ccooriiiiieininiiicies teeeeennaneneeees 185 Broadway-Oak Building, Portland, Ore... eeeeen 4T5 Broadway- Yamhill Building, Portland... 436 Broder Canning Company, Ltd. comics eer reveeeeeees 321 INDEF XVII Brooklyn Building, Seattle... rreeareeneeeee. 436 Bryant Lumber Company........cccoueen sesmenrsennneaniiersspoceess 120 Buckerfield’s, Ltd. coerce ceases, ceemeee ae rmmeeanenaees 322 Buffelin Lumber & Manufacturing Company. ..ccoceecerecinics wrses evereecscsnscnnsssnennes 120 Bunker Hill & Sullivan Mining & Concentrating Company......cccocooiinmminniiincienns 416 Burley, Idaho ooo msn ToS EMACROEE Butler Banking Company, Hood River, Ore. oii 59 Butte, Montana ......ccccc...... TITRE evens man sm—————nennead 4 Butte Copper & Zinc COMPANY ...oooeeeiriieiiiier = soins tats tates 417 Butte & Superior Mining COmMPany... oceans 417 Butte Water COMPANY oieurriiieroeaiarimimmsessesses arate sm eems essa teases ssa ots 188 Caladonian Hotel, Seattle, Wash... ors 475 California-Oregon Paper Mills. coo 157 California-Oregon Power COmpPany......coooooviiaes vm mimmmimininsnns nse stsiesnneees 190 Callahan Zinc-Lead Company.............. eee eeennenne eee eenneeaneeneees $18 Campbell Bldg., Seattle, Wash...ccoooeeeeinnnns eee eeeeeeeee ee eneeeeaneanannnndannnnneneneneee &T5 Campbell River Timber Company, Ltd. ....... eine eeeeeeeeeeeeeeasereeaeeneeeee 128 Canadian-American Public Service Corporation........ccccocce « ceveee wovecenncrcensecscncecees 189 Canadian Bank of Commerce............... veer eee aera ereeeaeeee 86 Canadian Western Lumber COMPaNY...co..ooceemecucorarececececrmammmmsmmmssssssscscsssssessassessssne 4 20 Cannon Beach Land & Timber Co., Oregon... ae 475 Capital National Bank, Olympia, Wash. oi 82 Carlisle Lumber Company.......ccccceeeeees prenrerenesas senmmm———— at shone ntii ininns 1 38 Carlton Apartments, Seattle, Wash... 175 Carman Manufacturing COmMPanY......coceoeecevercecns co sormnensesssesmssemensesesensnensnnnsnsnans 320 Carnation Company .......ccccceeeeee ce eeeaereseneesteseseretrar ar assns sarees aren arvesernenssessrnnsranniren 3 HI Carstens Packing Company........cocoovieniiiee ree TET. Dl Carter County, Montana...........c.cceeece eee eeeineraeaeaannnaeaaennee erases anaananne) Cascade County, MONTANA. ....coceucuemruermecimmeinmesens sissies ems Cashmere Cold Storage & Warehouse Co......... . ee eeeeeeeeaeaneeaeneaeeeennenrnnnnnnennns ATS Cashmere Fruit Growers Union, Wash......o.oocoi Lien ins 475 Catholic Bishop of Nisqually..... S— eeenreeeeneenceeeenees. 415 Catholic Bishop of Seattle— St. Pauls Parish, Yakima.... . reer 475 Bt. Leon's Parish, TatOMA. ce eemrmumcrorsmmonsonmnsisin sstsiscamaissssmssssssssepssssussonsassesns 40 St. Teresa's Parish, Seattle ......cccooverimiiiioiminiomiiininae ees een. 45 St. Mary's Parish, ADerdetn. mmm sms sssssrarsss 473 Catholic Convent of St. Rose..... Ce cue 1 nen EEE reaes, SY Centennial Mill Company....cccoocoeonnenn. C8 Central Building Company, Seattle... cammsemmmammasimssmsmmmsmnsne wammnsensen 5 «sent Central National Bank of Commerce, Seattle ........cccooiiiiiiiieiiiiimniiiiiiiiiieieeececceee. 85 Centralia, Washington ................... senna nnn HE RICE RAR . Charbern Apartments, Seattle......... eeeeereeeneereenreeenneeeseneeeennneecnenes 437 Cheasty Building, Seattle..................... ceeenenenneeneenrenneenneeneenenneenns 437 Chehalis, WashinGtOn ...ccooiriioeriiiiiiiriiies orrteemeeieei estes atts sees eeennees 23 City Ramp Garage, Spokane, Wash. ooo, 438 Citizens National Bank, Baker, Ore. ....ocooooiiiieeoimiiicceicercecececcreee cee sieneseeeensens. 90 Dealers in STOCKS—BONDS—COMMODITIES 1411 FourTH AVENUE BLDG. ’ SEATTLE, WASH. Member Seattle Curb Exchange Telephone MAin 1218 XVIII THOMSON'S MANUAI Citizens National Bank, Portland, Ore. cooeeveeiiionnn. ; ee eee. 65 Citizens National Bank, The Dalles, Ore. .coeeevieeeiiiieeeeieeeeeaeee. ea. 2 Citizens-Security National Bank, Everett, Wash. ........cc. 78 Claremont Apartment Hotel, Seattle... cummins S09 Coast Breweries, Ltd. oie eeeeeemeeceee eee ceeeeeecen eee eeesnnn sa seeeeenememneeesanennnnnnnns 2D Cochran Southern Logging Railway (Ore.) cic ice icine. 439 Coffman-Dodson Bank & Trust Company, Chehalis, Wash. ......ccccccccccccee.. 76 Colfax Nationdl Bank, Colfax, Wash. ............... eee earner aeneenee TT Columbia Box & Veneer Company.................. eeeeereeeeneneee 130 Columbia Corporation, Great Falls, Mont........... rrereereesennneeeeesnneeeennnneene 415 Columbia Country Club, Portland............... reeeeemnrennmenee 439 Columbia Gorge Motor Coach System. .......ccooeiiiiiiiiiiiiiiiicirrrcrrcceeeeeeeceeeee. 192 Columbia Hospital, Astoria, Ofe.cccoceecmeccreece cocci caries eeececeeeeereceeeeeeeen. 415 Columbia National Bank, Dayton, Wash. ....coooiiiciicccecee. 17 Columbia. National Bank, Portland, Ore. ..cooooiiiviiiiceiiiiiei cet ees et eeeeeeeeeeeee.. 10 Columbia iver-Longview Bridge Company......cocoooviiriiieriiiiimniiiiiireciicicreeeccecceeeeeee. 194 Columbia River Packers Association, Inc. oie. 331 Columbia River Paper COMPANY ..ccommiineni msssmsissmssmmmsssssnmsssmssmmssmmsssssimmerssesimnse 130 Columbia River Paper Mills ...occoooieeiiieiiiiiienece meee eenneeeeineenneenee 1577 Columbia Valley Bank, Wenatchee, Wash. «coo. 103 Columbian Hotel, Wenatchee... eee erereeereeeeeeeeee. 439) Commercial Bank & Trust Company, Wenatchee, Wash. ...........ccccccccce. 104 Commercial National Bank, Bozeman, Mont. oie + ree. 42 Commodore Apartments, Seattle, Wash... o.oo. 475 Commonwealth Corporation of Oregon.....coeeooiriioiieiiiiiiiiiiciirneccerccceccceeneee. 280 Community Hotel Corporation, Seattle................... eae. 439 Concord Apartments, Seattle, Wash....cceeeoeeeiiiiniiis — 1 | Conrad Banking Company, Great Falls, Mont. ........ccccccooviiiiiiiiniiiiiicciicceeee. 49 Consistory-Shrine Temple Association, Helena, Mont. cc... 440 Consolidated Credit Corporation........ceeeeeeeeeemeeeeceemeerarrcerececcariaeesecnneesareeeanieennsns 280 Consolidated Mining & Smelting Company of Canada, Ltd. ........................... 419 Continental Coal Company ....ceeecoccemmeencereenonccceinccniincnn co emereeeeeeneneeeeee 330 Continental Hotel, Seattle, Wash ooo oooocirireoeeieeeeeeeeeeeeeeemmeeaeeeceneeeemeeeeeeeneee. 475 Continental Timber Land Company... ummmusnsssmsmssmmsepresmmsassevemonsmcsosoncs. 1 30 Coos Bay Lumber Company ...cceeceeeoereoeemrccrrocecoenaeeenireecesmeennesimmnemencesssessesseesnceeneeee 13 1 Corvallis, OT@ZOMN ....emiieeeeeieeeeeeeeeeaee eae ceeeeereeceeeneeeeeeene am seessmmeeeeaaaaeeeeeeannsbocaaaaioiese 13 Crater Lake National Park, Oregon......cocoooooioiiimiieeeeeceeeceeeeeeeeeeeeeceeeeneeenneeeeee. 479 Crescent Logging Company... ceeeoeieeieeeienireicencreeies coir reesenenssnnesenneesseeesnenaeens 3 28 Crown-Willamette Paper Company .......cocoeoiieeoreimniimeriicecncecceesnneceanceinececeeasieeeens. 161 Crown-Zellerbach Corporation .......coccccoceeeeceeeesieeiireateee ee ereesete sates eeeeeeeeeeneeseeeeee. 198 Crystal Palace Public Market, Tacoma.... tremens ene eaeeeee 44] Culmstock Arms, Spokane.......ccccovireeciicmmecnnccaneeaee eeeennreennnnnennn renee 441 Daly Bank & Trust Company, Anaconda, Mont. ........... . eee. 42 Davenport Hotel, Spokane, Wash. ....cccocemeiiiic ii meenreenneeeee 441 Deer Park Lumber Company........... rneeeesnereseneneeescreeasascnnsaesene 132 Des Chutes County, Oregon....coccveeccciiceeccns ve coceremeceeecatee enemies sracessnmneeeseceeeieeee 13 Devonshire Apartments, Vancouver, B. C..................... renee 442 Dexter Horton Estate, Seattle......... ... ee in. 442 Dollar Portland Lumber Company.............. eee venmeenmeaeeeeaeeanneeeeeee 132 Dominion Tug & Barge Company, Ltd. ......... reeereeeeene 332 Doneen Building, Wenatchee, Wash. ...........cccccccoc.. reeererrenanan 443 Douglas National Bank, Roseburg, Ore. ......cccoooiiiriiinniincniccceciiecccccceccacecnceceeee. 10 Dubois, J. E. ......... eeeeeemneeemreeeeeceeeesecesssenneasanesenanneees 133 East Butte Copper Company.........c....... emer. 421 East Kootenay Power Company, Limited.................. ceeeemeeeeee 195 Eastmoreland Company, Portland, Ore. ........c.ccocceeeee creer. 443 Eastern Oregon Light & Power Company.........cccces ces coreeecceiemrececsnecneeeccccicenneeees. 196 Eastern Railway & Lumber Company. .......ooccoooiiiiiiiiiiivniciiiccrcinenrrececeseesceeeeenees. 133 East Wenatchee Water Association.......... v w— eee 475 Eaton, W. L., Seattle, Wash eee oeoeeceeeeeeeeeeeeesaenemeesneesneesnmesmnaemeesesseneeeeenceeee 475 Eldridge Securities Corporation..........ccccocceioooeceeeeeamecerneeeeescercacssem ers mmessnesnesssesss 281 Electric Steel Foundry Company................. srunavys w PAT INDEX XIX Electrical Products Corporation of Washington..........cces oeeeesernrrcecscinnnaciasnanes oo 333 Elks Home Building, Butte, Mont........cccooiiieiiiiniiiieiinns ee. 475 Elks Lodge, Aberdeen, Wash............. . es SPR Elks Lodge, Lewiston, Idaho... coon eae. 4775 Elks Lodge, Portland, Oregon................ eee eeeneenneeeenneeeee. 478 Ellensburg, WashiNgEON ....ccooueecurieccuercmmmecnssnmemcaesnnsssesscsssiasase senses snssnssns 23 Ellensburg Normal School Dormitory (Wash.)...ocooooiiiin is riiinieciccneen. 443 Emanual Hospital, Portland, Ore. oie £04 Equitable Trust Company, Portland, Ore. .. . cccoccee oo ol ermereeeenaneeeee BS Eugene, OF@EOMN ...oieieieiieieniemasemsnanesese stasis sree enone cers sms sa sss rns 4 Eugene, Oregon, School District NO. 4..oiiiiiiiiciiiins ccc 4 Evans, Colman & Gilley Bros., Ltd. cocoon eee eeeeaaaa eee tmmnaaaaaeennnnnns Everett, Washington .......... . eeecoeoiiines erasrnenss nn monn SIRES Everett, Wash., School District NO. 24. iii 4 Everett Trust & Savings Bank, Everett, Wash. 78 Ewauna Box Company. .....cooivimnnne. ee ermeeeeeeenareeeoteeeeaniesiasenneenes 133 Exeter Company, Seattle, Wash. .......... eeeeaeennnra ea era rannnnnnnaeeen. 444 Exeter Oil Company ....... eeeeeene eee eenaeeeessneeeeens 339 Eyers Building, Seattle. coco ooieiimeirieseneii inns. 444 Farmers Bank, Ellensburg, Wash. _ooiiiiiiiiiniccccc = ooo eee. 19 Federal Land Bank, Spokane, Wash. ..cooiiriiiinn oii. 282 Federal Mining & Smelting Company........cccceeceveeeo. Cee errr. 421 Fergus County, Montana. ... commission issosmnmnonsamssissssmononsses Fidelity Bond & Mortgage Corporation, Seattle... oii 183 Fidelity Reserve & Loan Company, Portland, Ore. «cocoon. 284 Finance Service Corporation, Seattle............... A ceeeerereeaeenennneeee 282 First Bank Stock Corporation, Minneapolis........cc.cccccoimrimoiriinenncieieincnicncennnes. 285 First National Bank Building, Salem, Ore. o.oo. 445 First National Bank, Albany, Ore........... ECR, First National Bank, Ashland, Ore. .................. eerie. LS First National Bank, Astoria, Ore. ......... eee aes eas y First National Bank of Idaho, Boise... iia eee ieee ee eee eee 3 First National 3ank, Baker, Ore. coco eee aetna n 7 First National 3ank, Bellingham, Wash. First National 3ank of Butte, Mont. ....oooe oii eee eee First National 3ank, Caldwell, Idaho coon First National 3ank, Corvallis, Ore. ....occcooiiiiiieiee. even ce eeeammeaeeaaaanaas First National 3ank, Dillon, Mont. ..............c.. ie iii ees First National 3ank, Eugene, Ore. ............ a First National Bank, Everett, Wash. .... ees First National Bank, Glasgow, Mont. oo eee crr rer vene errr essere srennas First National Bank, Great Falls, Mont. ..... eae First National 3ank of Hoquiam, Wash. 0 i. First National 3ank, Kalispell, Mont. ...... comms ps mmmmammmimsimmss First National Bank of Klamath Falls, Ore. coor, First National Bank of Lewiston, Idaho... eee eee eee —aan aaa aa aaa aan First National Bank. Longview, Wash. .... eee es 9 ) » J) 40 ]1 AN INSTITUTION WITH 40 YEARS’ BACKGROUND Spokane Eastern Company SPOKANE, WASH. Specialists on Securities of the Inland Empire Investment Affiliate of the Spokane & Eastern Trust Co.—Established 1890 Controlled by Northwest Bancorporation—T otal Resources Over $460.000.000 THOMSON'S MANUAZ First National Bank, Medford, Ore. ..occooooirrireeernirircirccenrcncecsmsreeenessessieesenees 01 First National Bank in Miles City, MONE. «oeciriiiiiiioiriceiciecceeemeeenebeeeees 03 rst National Bank, Missoula, MONt. ..oooieiiiiiiiiiiicee recesses 94 Rirst National Bank, Mount Vernon, Wash. coon. 81 first National Bank, Pendleton, Ore. ....ccooiiiiiiiniiiiicieiiieeieeeeece sence. 02 First National Bank, Portland, Ore. ..oooooooooioiiiieicirircerceieneecce seer cerca 06 First National Bank, Raymond, Wash. eee. B3 First National Bank, Salem, Ore. ... i oooioiiiiiiincreercememesneeeesmenecsnesnnensnnes 10 First National Bank, The Dalles, Ore. ...ccocooiiiimiiiiiiicieieieereieeercecercree ei enees 13 First National Bank, Walla Walla, Wash. «o.oo. 102 First National Bank, Wenatchee, Wash. o.com. 104 First National Corporation of Portland, Ore. coon. 285 First National Insurance Company of America......ooooimmiiiics nnn 112 First National Trust & Savings Bank, Spokane........coooiimiiiiiniiiiiiie. 995 Firsr ieslty Corporation, Seattle ..occrmmessmsirspiommmsmmns somos mmsisnces 443 First ealty Hotel Corporation, Seattle.................... eae. 446 First Security Bank, Boise, Idaho oon SSSUURURTOUSRUURRSIRRI 1 First Security Bank, Pocatello, Idaho iin © i 41 First Security Bank, Seattle, Wash. «ooo. 88 First Security Corporation of Ogden, Utah... 286 First Seattle Dexter Horron National Bank........ocoooomiiniinnianiniiniiccceiccciceeeee. 87 First Seattle Dexter Horton Securities Company......coocoieeciervoireioerincniicmenicceieeceeenn. 288 First Trust & Savings Bank, Moscow, Idaho......cccooiiiis. 41 Fir-Tex Insulating Board Company.....c.ccccocermmmmirines eens cece. 164 Fisher Bros. Mill Co., Corvallis, Ore......ccoioirrreeeeeeeecreeeeceeeneeeeeeneencesnnnnesacnees. 419 Fisher Flour Mills, Silverton, Ore....oooooooeceeecreeeiereeensecesmecesesnenesmssnescnssseeees 419 Fisher Flouring Mills Company, Seattle........c.corriiieiioeiciieieniccccccce. 339 Flathead County, Montana..... emir bITa 3 Foster 7 KleiSer COMPANY ....uc....eoesremmtrsearasesercn irarassecemsasasesesememssessassesnsssssmssemscssesssnscs 397 Free & Accepted Masons of Washington... © eee. 447 Fried Estate, Seattle, Wash. cooooooooeoeerceeeeeeeeererrcrreseessesaeseseesamnmeacessmssssessesssnesness 419 Beye Investment Company. cu rumsmsmmsmmmsssmmsdiosmmsssssmmrsssssassesnsmssmsns, $6] Fulton Petroleum COrPOration........cooceoeoeocerieees + ermrienirieieeneemrsnssmessemssnsssscsnenieceaes 398 Gainsborough Apartment, Seattle........._........ re eee ene eaaennane.. 448 Gallatin County, Montana ....cc..ccceooeeoremmeesies ener Ce ereeererieeeeeeeeee 6 Gallatin Trust & Savings Bank, Bozeman, Mont. ..ccoooooiiiiiiiiiiies. 43 Ganby Consolidated Mining, Smelting & Power Co., Ltd... 423 Gardner J. Gwinn, Inc. coin errr ereeeeeereeneeeeeee 4477 Gearhart Park, Oregon........c..cc...... et eee en eeeeeeeneeneeeeeeeee. 4S General America COIPOTAtION .....ceeceeeeeeamrieriecmeieeeameseeammme ess mameeasenens sears ensseenes 2X9 General Casualty. Company of AMELIA. ........cos cossmsssmrensssnessssmomessessssssmsassensasnsansansnas 1 V3 General Discount & Mortgage Corporation .......ccccoeeecmessmeescrcmvemrmmssssmssseseseenns 291 General Finance COTrporation .......ce.cceeeeceeccecccsceeomoommsmrmessensssmesmesssessssssessessesssssceaase 291 General Insurance Company of AmMEriCa...oooceeeeiercenseceessrsrrenesesressssee se sssesenenns. 114 General Mills, Inc. ccccooeeo. eee eee eee. 245 General Paint Corporation .......... rerreennm—————————————b SR smsesssevrens 43 Georgia Hotel, Vancouver, B. Com reoeemcncncns on stress commssnessssssssessessosssssnsmss suppnenspensens 40 0 Gillespie (Robt.) Building, Seattle, Wash......... coor. 475 Gilmore, Forrest E., Company......cecoceeoimeoioiiiiiimiecieeeneie cesses eee eesnnesssnessneeenenenes 339 Gladding, McBean & Co. ........ ana. a. 342 Glendale Lumber Company...... . eeeeemmneeeemeeeeeeseoeeeeceoeeaaraeeeenne eeeeee. 134 Gonzaga University, Corporation of... a. 448 Gooding, F. W. & Sons, Idaho. ..... co 475 Gordon & Belyea, Limited......cooiiiimimrieicces it ereiiins cece nein 4] Gorst Air Transport, INC. ooo 9 Grande Ronde Lumber Co..occiiriiiiiiiiiiiiiiee . eee eveeeee. 34 Grant Orchards Fruit Growers ASSN.......cccceceeoierimrccemrcrsarereomiecesacessescsceesecsnenaneeee. 419 Grays Harbor County, Washington o.oo coon. 24 Grays Harbor Light & Power Company........coooeeoieiieniinnineiiinecenienncceee.. 198 Grays Harbor National Bank, Aberdeen, Wash. ........... cere mreneenennneneees 14 Grays Harbor Pulp & Paper Company........cccoces coieiienecns, vere. 164 Great Falls, MONtANA ..coeimeeeeeeemeeecmeesneies encessceessesscecamsasnmmnseanesnmaaessnnssnnssnesnenes © Great Falls, Mont., School District NO. Le.ooeoeieoiiooeeeeeeeieeeeeeereeeroce ceeeeeseeersceenee INDF XX] Great Falls National Bank, Montana........c......... eee. 48 Great Western Timber Corporation, Ltd. ................. erevesraanenneeeee 134 Guaranty Trust Company, Portland, Ore. o.oo ronnie 288 Hainsworth Apartments, Seattle. ...o moins ssn 448 Harrison Hot Springs Hotel Co., Ltd. omic 449 Hawkins & Roberts (Terminal Hotel) Salem, Ore... 476 Hawley Pulp & Paper Company.................. + sureennreesrsannmssssmenmniissseise LOB Haynes Foster Baking Co., Portland, CHE... tcmmsvgmEREp eee ERTS rvs se 100 Hecla Mining Company....... 424 Helena, Montana .coeccceecvommreeaesaseance: re ngat an epee ssn nR TEE 7 Heilig Theater Company, Portland, Ore....cooovoveceeencnns Ce presedELErs “Y30 Hibernia Commercial & Savings Bank, Portland. Ore. ones 67 Highland Drive Apartments, Seattle, Wash....... earn. 449 Hill County, Montana.......ccceeeecirmnnensanaes cesses snmennr tHE 0 Home Service Company, Portland, Ore. ...ccccooviinninnns evens SERRE en YQ Hooker Electrochemical Company... ce eeeeceeeeanes eeeeeernneeeeeeeenes 347 Hoquiam, WashinEOm «o.oo. oiueioriiaies earns constant siemens 24 Hoquiam, Wash., School District WO, ZB ents comnspmaseessessmassansms manera nan Sse Sess BY Horluck’s, Inc. .......-. EERE EEGTa——————— SERRE pee essovs TOD Howe Sound Company... essa eee teense aera eneenes 424 Hubbell Bldg., Seattle, Wash... 476 Hungerford Hotel, Seattle, Wash. ooo 449 Idaho Falls, Idaho ........ - eee eeee eer eeenneeasameaesamstsaasarsanesasrarreerennanens Idaho Power Company .....cccceoooeiiiiionnine sonnei reeeerrnneeneeeeenee 199 Idaho, State of ...ccccceees weeene. eee eee ee ae eee aera annem a en nnnans 1 Idaho Technical Institue... coooieiceiirinimemneaes emmomsimmess seein 476 Idaho, University of, Memorial Building ASSOCIALION cennr ceeeercoaaeeeeeconminesneeennneeeeees 450 Independent Warehouse Co., Pendleton, Ore. ow ooooeecs ceeereeereeeceesaencesceeeaneneennnnees. 416 Inland Empire Bank, Pendleton, Ore. ........... - reereeeeeeeinaeennee 63 Iron Fireman Manufacturing COMPany....oooooorimmmmmrsesemensecesierenennnnnesennenens. 949 Interstate Utilities Company... ...ccoveeeeeeecemneceiniennnnn: reeeeeeiinmneeeennnneneeneeee 201 Investors Holding Corporation, Seattle, Wash. ooo 292 Jantzen Knitting Mills, Portland, Ore. weecooceics cooeererieeeeeceas + ereeeinesnnesnnenaeesnenseees 39 1 Jantzen Knitting Mills of Canada, Ltd. ...cormmesocmmmrmmmmmnmmssanesmantsesssissersessorsmmsmse. J John Alden Apartments, Beall, WHEN. cco commmsinsvonmsnersimnbr ips sass aps ss sossmsmnscns. 4 J John Winthrop Apartments, Seattle, Wash. ooo 450 Johnson National Storage, Ltd. ... cere rmeeemeeeeeeeneneees 354 Kalispell, Montana .....ccccccommameneneccens eee eee eae eae nan ann 7 Keller-Boyd Building, Portland, Ore............ eeeeermeeneeneete een eene reese eeesannennnenes 491 Kellogg Power & Water Company.......cccoooecreinnne. eeeeeeeeeeernneenaeeneeees 203 Kelowna Community Hotel, British Columbia......... i476 Kennecott Copper Corporation......... i 425 Kern, A. E. & Co., Portland, Ore... oeeerrrnrcceeeceecescecceeeens. 476 King County, Washington. .....c.cocoeiiiinininees 25 Kitsap County Transportation COmpany.........ocoeimmminnninnnininnnccccceee. 203 Klamath Heating Co. (OF€ZON) .ccccmrmriirimmerrins sormeesrmsasenssisiss coriecissnsacnenscrenscnneens 476 Kulien Building, Seattle, Wash......c............ eee eee 416 INVESTMENT SECURITIES of CONSERVATIVE CHARACTER P. W. CHAPMAN & CO., Inc. DEXTER HORTON BLDG. U. S. NATIONAL BANK BLDG. SEATTLE PORTLAND NEW YORK . SAN FRANCISCO . CHICAGO XXI1 THOMSON'S MANUAL Ladd & Bush, Bankers, Salem, Ore. ..ocoooeoiiieieiieeeeceeeeeeeeeeeeeeeceen eee neeeenesneeeneeee 11 Laher Auto Spring Company. Inc. o.oo. 394 Lane County, Oregon..... eeteeeeeeeeeseoeassemeeseseciesanesasnoesamsasaeemsaonensanee LD) Lewiston, Idaho oooeeooooieeoieeee emerson ere neces ss me eae e amen e een nnerranne 2 Lewiston National Bank, Lewiston, Idaho. ......ccoooiiiiiiiiiicceicee. 40 Lewistown, Montana ....... Ce eeeee eeeeemen eeemmmrenseeaseaessssnnsssmsennnnnnnnnnnnieneeen O Lilly, The Chas. H. Company.....ccccccc.c.... I corennimnnorns 355 Lithian Hotel, Ashland, Ore....cooiiiiiiiiiiiiiiis ct reecrerrreeeeieees ce ot ceerereaceeneeeeeeeee. 416 Little Sisters of St. Francis (Wash.) o.oo circcirereeeeeeeecceeeeeee. 476 Lewis & Clark Hotel, Centralia, Wash.......ccooimimiiii irene. 451 LongBell Lumber Corporation mmmmmssmsmmsismepompmmmsmscmmmmmmssmosssswssmsssmssmoesse +35 Longview Company, The............... eeeeeameeeeeeeemeeescesomaceeseeeeneeseneeseneansnesancaeaneseces 135 Longview Fibre Company........cccccceeeeee. eee eemeneee ene eeeeaeeeeee. 168 Longview, Portland & Northern Ry. Company... 204 Lorraine Hotel, Portland, Ore... ooo ecceeeeeeeee asic ceemenececcaneenee. 410 Lowell Apartment Hotel, Seattle, Wash.........cooooiiiiL 45] Lumbermens Building, Portland, Ore... cece. 468 Macleay Estate Company, Portland, Ore......coooiriiiiie 452 MacMarr Stores, Inc. .... eee eeeemmemmemmmmsseasaeeeaseeeseeseseeeeeneeeeesnnnmeesnrnneenn 31 McMinnville, Oregon ....oocoiiiiiiieciiiits aera eee eee eee ennneeees LD) McLennan, McFeely & Prior, Ltd. ooo. 359 McBride Apartment Building, Portland, Ore... 452 McCormick (Chas. R.) Lumber Company.......cccooimimmmiinnniinieceeccicececcceceeeeeee. 137 McDowell Building, Seattle, Wash....ccccooceiiie © oii wii eee. 452 Magnin & Co., I. ceeooiieiiiis ee + ereeesereessemeeeene oe eezeeceeseeeeeseeeee 303 Maling (Ray) Co., Hillsboro, Ore.....ccooiiiiiiiimiiieeeeeeeeee eens. 476 Mallory Hotel, Portland, Ore....... cco. 452 Malo & Co. cco mses: ~ ee eeeeeeeeeees 360 Maltby- Thurston Hotels, Inc. ..ooooiiiieiiiiiiis reereeeeeeee 361 Mann Building, Seattle....... FR . UT eee eeaeeannneeen.. 4TT6 MANDINGES, JIC, rmrcconsnmmmsrnnimm ro eR EES AR SAG RAAT ES WS TR ss Sr ren snsssnservnsesinces FOE Marcus Whitman Hotel, Walla Walla. Wash... coor. 453 Marine Bancorporation ............. . neni, © ER A RRR ID Marion. County, Orefion.cxasmmmsmmemmsensmnemizn © tuprsossmscamssssamses sseovse seveoroes 3 Marlborough House, Seattle, Wash. ...ooooiimii eee 43 Marshfield, Oregon or comers sn sass 13 Murwood Apartments, Seattle. .cpmmmmmmmpespmmsmssmmmss swcsscssssossesssssasssosesosss 410 Masonic Temple Association, Spokane, Wash... 453 Mayflower Theater and Commercial Building, Seattle, Wash..........ccccoceiiiil. 454 Medford National Bank, Medford, Ore. .cccoeeeeeciiee emrreeeeneaenaeeeneeennee 61 Medford, Oregon oceanic © oo eeneieeneneneesieneneeees 10 Medford, Ore., School District No. 49........ ............ eeeereenannee 16 Medford Pre-Cooling & Storage Co., Oregon. .....ccccoeiiiiiiiiiiiiiniccccccccceccicecaeeee. 476 Medical and Dental Building, Vancouver, B. Co... iirc. 457 Medical Arts Building, Portland, Ore........ I 1 7 Medical Center Building, Medford, Ore................. SY" 1 1 Merchants Exchange Building, Vancouver, B. C...........o. 453 Merchants National Bank, Glendive, Mont. ......ccooiriiiiieiiiiiiiciiiiicciicrececcec ccc. 90 Metropolitan Building Company, Seattle, Wash....... 0 . 455 Metropolitan Company, Seattle, Wash...comsemmmmsmsemesmmomommumemmmscncasisssisirsassesson 4 5 0 Metropolitan National Bank, Seattle, Wash. ._.._.._............. 88 Metropolitan Walker Company, Seattle, Wash........ccccooeiimmiee. 456 Metals Bank & Trust Company, Butte, Mont. ....c..ooiiiiiiiiricciiiiiiicccecceee. 44 Midland National Bank, Billings, Mont. .cc...ooooeiimeeimiiiiiiiiiiiiiiccciceccee. 45 Miners’ Savings Bank & Trust Company, Butte, Mont. ............. eeeereeeeeeannn 44 Minnesota Northern Power Company. co oooimoeeeeeeeeeeeeeeeeeeeeeveseeeeeeammeeeaeeeanennn. 205 Missoula, MONEANA .ueeeeieeeeeeeieeeeiae eee eeeemeeeeeeesacmemea ere on moreveeseenmaaaaes @ + covaneeneeees 8 Montana, State of ...ccccooooeiiiice erm os SEN ET A ei hres Montana Catholic Missions.......... eemenmeeeneerrennneannnns. 476 Montana Cities Gas Company......... . eee, 212 Montana Col & Tron Company... .commnmmmmmmmmmsamemmsasmmsamsvsy 5306 Montana-Dakota Power Company.......cccooiiiiiiiiiaiinniiniacciiceeascassceeseeesmencnneascaees. 207 Montana-Dakota Utilities Company..............._. reeeeaaeanenae 208 INDEX XXIII Montana Life Insurance Company........c.cccoociiiiniinnnnn. vemeeeenmeneeneeeenee 107 Montana National Bank, Billings, Mont. ........... raereeee. 46 Montana POWer COMPANY ...coocoreminmsnmmssmssmssiss ia sas sass seme sore ssasms sepminspsrensvsnsssores S39 Montana Trust & Savings Bank, Helena, Mont. ............ciriiiiniiiiceeee.. 50 Monte Christo Hotel Company, Everett, Wash. .......ccooooriiiiiiiiiiiiceeee. 457 Montesano, Washington .................. aan. 25 Montesano State Bank, Montesano, Wash. .. eens eaeaaeaeneneeaee 81 Morck Hotel, Aberdeen, Wash......oooiiiieiieieieeeeeeeeeeeee eee. 458 Morgan Bushong Investment Co., Portland. Ore... 457 Morrison-Knudsen Company ........ HE STs eyes assesses arsees TOS Mountain States Power Company....oc.cccocmeeceiiies viii + eeceeiieneeeeceeneeecneeeeeee.. 213 Mount Baker Building, Bellingham, Wash... iii. 459 Mount Vernon, Washington............ eee. 26 Mt. Vernon Hotel Co. (Wash.)......_. ereeaeeeennneee. 4776 Multachrome Tubelight, INC. cums imsssmnsstn sosemrsesnsemsmmssonsrssassommasspss messes 93 Multnomah Amateur Athletic Club, Portland, Ore....... eo eaeeeeenen... 458 Multnomah Block, Inc., Portland, Ore..... reer. 458 Multnomah County, Oregon........cccecveeeeeee ceeeererreereeeeaeneeeee 16 Municipal Reserve & Bond Company..... rereeerereneees. 294 Mutual System Corporation..........cccooeiieiinnnn. seman SY National Bank of Commerce, Seattle, Wash. ..........cooooiiiiiiiieeeeeeee. 89 National Bank of Lewistown, Mont. ....... eeererenen. 53 National Bank of Montana, Helena, Mont. .... eee. 51 National Bank of Tacoma, Wash. ............ teem eee. 98 National Discount Corporation .............. eeeeeriienaenn. 295 National Laundry Co., Twin Falls, Idaho.... eee eee. 416 National Park Bank in Livingston, Mont. .........coooiiiiiiiiiiiiiiiicciciiiiev ieee. 52 National Union Life Insurance Company...... eee 111 Neon Products of Western Canada, Ltd. .... teeerenan. 366 New World Life Insurance Company........ een. 108 Nicolai Door Company................. eemeaemmmeemeeaeeaneeneeeee 139 Noble Estate (Robert), Nampa, Ida........... reeeeaeen.. 4776 Northcliffe Apartments, Seattle, Wash.............c.oooiiiiiiiiiiiieeeee.. 459 North Coast Bank & Trust Company, Seattle...........cccoovviiiiiiies iii. 90 Northern British Columbia Power Company, Ltd. .... cerreerreeneenee 218 Northern Life Insurance Company................ cee reeeeeeeneeeeeee.. 109 Northern Life Tower, Seattle, Wash....... eeeeieeennnn. 459 North Pacific College, Portland, Ore................ eee. 4T6 Northwest 3ancorporation, Minneapolis, Minn. ..........................ce.... 296 Northwest ities Gas Company....ccccceceeee coo cine. eeeeneeneeeeeeeenenenaee. 216 Northwest “ruit Products Company, Salem, Ore........ .. .. cereeee. 460 Northwest “ruit Union, Salem, Ore........cocoooiiiiiiiiiieeeeeeeeees een. 476 Northwest States Utilities Company.....ccccoocvies teiiiieiieiiieiieieceeeeeeveeeeeen.. 215 Northwest Toll Bridge ComDany.. oe moe eee eee 217 JOHN A. KUTZ & CO. Seattle Stock Exchange Exchange Building, Seattle Telephone: MAIn 3466 Members Seattle Curb Exchange Washington Building, Tacoma Telephone: MAin 9304 XXIV Northwestern 3uilding, Portland, Ore.....ccooiiiiiiinnnccnn + oo eeereiearaaneneee 460 Northwestern 3lectric COMPANY -euroierrriromimeseerarraressscn smessemessstas tennessee 217 Northwestern nvestment & Holding Corporation, Td. cocemrsonne savsmmmemesncsee SF 0 Northwestern oife and Accident COMPANY...ocrrmriirreoneoacenrns coremreancnssnsenssessnnnees 110 Northwestern “umber Company ..ccoooooirieomniiiiinninne crssnamaneapmennrimnerssisss 139 Northwestern Mutual Fire Association...........cccceeee. aera oe eeereeeee 115 Northwestern National Bank, Bellingham, Wath. ..cccmmmmmimsssmsmmnsnsnesss 16 Northwestern Portland Cement COmMPany.. ooo emmimmmimmnesenntntinens ermine 367 Okanogan-Douglas: Intercounty Bridge Company. ...cococcurrriomrisimmsisincsinninenenneees 219 Old National Bank & Union Trust, Spokane, Wash. ..cooiiiiininccnees 95 Old National Corporation ......ceeeeeeeescessiesmmmsssss sosarsssans moins = 1 msn 298 Olive Crest Hotel, Seattle, Wash....ccoovceenes cee. vv ommmeresenmeimsmners B70 Olympia National Bank, Olympia, Wash. os 82 Opal Springs Water Co., CUIVET. omic 476 Oregon, State of........... we usin we reeeeeeeeereesnanasneeaeencaeensneennennnes 10 Oregon Agricultural College DOIMItOrY.. orurrmrurmrireecri nis scsnrnesrscccns ees 460 Oregon Agricultural College Memorial, INCeiuiimmrccrnnniinerseenienreneenes 461 Oregon-American Lumber COmPany..... oor oom 139 Oregon Canning Co., Newberg, Ore... irene 476 Oregon City Manufacturing COMPanY.....owuorrreiummsemmrmsimsinirns serene 460 Oregon City, Ore. .oooeeciaincnes rsmersmsserensnsmimnaremmtsndlosssossrnsnen | 1 Oregon Lumber COMPANY ..oowcruscuemmimrmmmsinsnns crnssssnasmmmisss | « rmimssians sons comin: 141 Oregon Mutual Fire Insurance COMPanY.....oocooesioucimmmmmmmrmsssssssnnsnscinensecnoeases 116 Oregon Mutual Life Insurance Company. ....coooross corms css 111 Oregon Pulp & Paper COmMPany.....occrmrssrssimmasessmmsssssssss sss sno 168 Oregon Terminals COMPANY w.curcurcuirormrmimirmsis rssicon 220 Oregon- Washington Bridge Company. ..ooocriiuniiemmmnnses snr 220 Oregon-Washington Water Service COMPANY .irirrremeerrmrccrcemrmnnnmsmsnnarsenersiscssanenesomenns 121 Oregon White Cedar Company.............cce. 5 ssscesmemessenncssmrreenronnnennesnessens 141 Owen-Oregon Lumber Company.............. eee eeenn aetna aeaneenneeaes 142 Pacific American Fisheries, INC. ieee 368 TIT TT Tee 3 15 (0): NSE EEE SE EE 302 Pacific Building, Vancouver, B. Cu. oe memset 461 Pacific Car & Foundry Company........ccccoerinieans seven avvuemensrnsmenibii iisemsnseies YI Pacific Coast BiSCUit COMPANY cererrememeeereescrseermminmons mommmsssisiriins orion 370 Pacific Coast Cement COTrPOTation ....o.ireeeieeiseciioominns = sicramsesiinsnnmsn sss 372 Pacific Coast COMPANY c-rcerereucaermrmrmemesssrssrercs sms mrmam stesso 370 Pacific Coast Fire Insurance COMPaNY.......coooceocearimmmrmmimrmssnsenases coansnemras sass 116 Pacific Coast Joint Stock Land Bank of Portland... 299 Pacific Toast Linen MILs .oocoeeeeoeariiormanns amramnaomrmmmemns nesses snes 373 Pacific Coast Terminals, Ltd. oom eas. 223 Pacific Tommercial Bank, Seattle, Wash. o.oo coir 90 Pacific Fruit €& Produce COmMPany. ..cccoomrmmaoreemeieormmnsiesi ss rnas sts 374 Pacific nternational Livestock Exposition Co. ....eooioimmimemeinsennniicnen cence 461 Pacific Mills, Ltd. .oooooeeoeecceeroeemercrcrmmmesns cesar semeemn seme rasan sss snes 170 Pacific National Bank of Seattle, Wash. ooo er 90 Pacific National Company ...cceeceeceoiieemmmrcinnenens reeeeee eneeeneeeseneessnennaneee 300 Pacific (Coyle) Navigation Company, Ltd. occ 224 Pacific Northwest Public Service COMPANY.....cccoccermemmcrmmrmsrmressssessmscscesrasaresmssnssssnene 223 Pacific ower & Light COMPANY. oo wmrcrcocmecmrcremmcmmsrmsnssninns esceememensesn coneenne 231, 480 Pacific Properties Company, Portland, Ore...ooeciis one 461 Pacific Spruce Corporation .......ceceeee cee asin eeerneemeenenneneees 142 Pacific States Securities Corporation............. Ce ee eee 301 Pacific Steamship Company.....ooccceeeeeiieiennnnnns reeeeeneneneene 232 Pacific Steamship Terminal Co., Seattle, Wash oom oeuvres 462 Pacific Telephone & Telegraph COmDANY... cov cecuinrrueciocmiiinnienienenecnins ene. 234 Peck Logging Company, Ltd. CERERGR perenne eoeensmamommenssasasasenc TE EERRsEnany V3 Peninsula Lumber Company......coceeeceeneucee CL 144 THOMSON'S MANUAL INDE i XXV Peninsula National Bank, Portland, Ore. ............ eran. 67 Peoples Bank & Trust Company, Seattle, Wash. ....................... 91 Peoples Corporation .ccemssmeecn seammiscss ax « eeeeeeeee 302 Peoples First Avenue Bank, Seattle, Wash. . eee eee 92 Peoples State Bank, Walla Walla, Wash. .......... on. 102 Peoples West Coast Hydro-Electric Corporation............ - re een. 2774 Piedmont Hotel, Seattle, Wash. ...occoei ieee eee ereree ee eeeeee. 462 Pierce County, Washington..........._.. smn ns ans BE SS pin, SO Pike Place Public Markets, Seattle, Wash......... eran. 462 Pioneer Educational Society, Spokane. Wash... 463 Pittock Block, Inc., Portland, Ore... eee. 463 Platt Building, Portland, Ore. I” 1%: Pocatello, TAaho ...coocrcremeiiinon isin ssimss sess sisinsiss sms ss ss sims su ssa Sass ans Sin Sn sa ss Shand nS 3 Port Angeles, Washington ........... SUEUR. Port of Grays Harbor cemeeeeereeeeeneeeeneeee. 240 Port of Portland Commission .....cccceeeoiiiririiririiiineeeee essere eee eraceeeeeeenneeeeneeneee.. 240 Port of Seattle ..... ereeenneneenees 241 Port of Tacoma ....cceeeeieciiceciucaerenn. rreereeeeaeeen 242 Port Orford Cedar Products Company........ccooeeiiiiciiiicimiiiieiiiiiiiececciieeeeerceeceee. 144 Portland, Oregon ............... ere eemmeeme 4 ereeeeeeeeeeeeeseeenneeneeeenee LT Portland Ore., School District No. 1................... eee 17 Portland 3uilding Company, Portland. Ore... 463 Portland Case Building...... eee. 464 Portland Gas & Coke Company........ o rashes SD Portland Solf Club (Oregon) coi eei icici crcecce eer reeeeeceeeeeeee. 476 Portland ndustries Financing Service............oooiiiiiiiiiiiiiiiiiciiencceecierecee eee. 301 Portland Masonic Temple Association................ cree me meerreeeeneeee. 464 Portland Medical-Dental Building .....ccccooeeiiiiiiiiiiiiiiiiieiiecieeeeecten eee. 464 Portland Paramount Property.......... we SEER ESET § RAST POR Portland Stock & Bond Exchange.................... cemerennnneeaeeees 487 Portland Trust & Savings Bank, Portland. Ore. o.oo. 68 Portland Woolen Mills, Inc. .occceeoeeo eee. 376 Powell River Company, Ltd. ..... ceemeeemeannnnees 171 Premier Gold Mining Company ........... Binet thrmesassnvensassssrmescanssee WT Providence Hospital, Seattle, Wash.....cccccccccoe.... eran... 465 Puget Sound Broadway Bank, Tacoma, Wash. ... vere 99 Puget Sound Freight Lines co.cc... ccrcrreeeeeeeeeeeeieiee anne. 242 Puget Sound National Bank of Tacoma, Wash. ..........ccociiiiiiiiiiiiiii.. 98 Puget Sound Navigation Company ...... eerie. 244 Puget Sound Power & Light Company.....c.cco. oii iii. 245 Puget Sound Pulp & Timber Company....... .occooiiiiiiiiniiiiiiiniienne eeereeenneen 172 Puyallup, Washington ............... eee 27 Queen City Building, Seattle................... . ee eeeereenens ceeeceen temeesneneenennnineneenneeenes 476 Rainier Pulp & Paper Company...... mae mereeeeenmeee ee iieeaeeeeeee 173 Ranke Building, Seattle, Wash.... eeneeeeeaee.. 465 Ravalli, Montana... ieee TUS 8 Raymond, Washington .......... eeeeeerreereseeeeeaeeee 27 Red Lodge, Montana ......ccceocvcimmiiiniiiiiiinnnn. I Regents, University of Oregon, Eugene, Ore.......ocoooeiiiiiiiiiiiiiiiiieieeeeee. 465 Republic Building, Seattle, Wash..... eerie... 465 Restmore Manufacturing Company, Ltd. 3m Richfield Oil Company............ eee... 378 Rogue River Lumber Company....... i eeeeeeeaaneaenn... 144 Roosevelt County, Montana...... .......... 9 Ross Island Sand & Gravel Company...... eee ee eee eanneeeane.. 380 Sacred Heart Parish, Seattle..... en eeerennnen.. 4776 Safeways Stores, Inc... ssn S91 St. Helens Pulp & Paper Co...... eee ee eee 174 XXVI THOMSON'S MANUAL St. Ignatius Hospital, Colfax, Wash... rere 476 St. Luke's Hospital, Spokane, Wash......... ... iene. 466 St. Mary's Hospital, Everett, Wash... sn 476 St. Regis Hotel, Seattle, Wash... nee 476 Salem General Hospital, Salem, OTe... cocoate cose 476 Salem, OFCEON -.uemoeroeeuraruenessrmreesfoasecaneeesmesarsamssam anes nase anssrsasca eo amimsancciemsnmarisssne 19 Salmon, Idaho. ..ceeeeeccciaann a eens 3 Seattle, Washington ......c..ccceeeeeeeeee sense aa————t no ssmsnrasnrans ST Seattle, Wash., School Dist. NO. Le. 28 Seattle Chamber Of COMMELCE. .oomreerresererersrrmrerrrrssssessermrsscssssssaressssasssssssmrsersrcassessessanes 406 Seattle Curb Exchange.....cccoovieeenneene, eee rereeteeaeeeeeeennen. 484-86 Seattle Gas Courrrrrrreibccrmrecariimnnnereecrsrrenecraeas oe reeeerreaenemmnenessnneeeeeanee. 290 Seattle Municipal Light & Power Dept....... eee ee eereeeneneeaees 252 Seattle Municipal Street Railway. ...occocooormiremmrminmnemecanseneisiseseccmsc sissies. 293 Seattle Orpheum COMPANY. ...ocoweemeermes reine semis snes sas tases tresses see 466 Seattle and Rainier Valley RY. Counmsmscmmssssmmmesirsns sompossmsmmsssssmsmssanssmsnssmsris. $3 3 Seattle Stock Exchange. .....oooeooeeeeiiiiiiinnniinn reemmreneeanreaneesneeeneeeneeneeenn 48 1-83 Seattle Times COuomemmrmrmirmrisemrmsrmmnnimnnanns = oo fries soem snes 383 Seattle Trust Coueeeeoreeeeeraforianiianeneeiceeaee RE o- oo eens 92 Seattle Water Department (City OF) .eeccuommorcorereesesnmnceerieseremecmsemscssnnsnnnnsnsneees. 294 Security Bank Building, Olympia, Wash. 466 Security Savings & Trust Co., Portland, Ore... oo oveeieceeeeeeereaeeaeececcanenmenenensnsness 00 Security Trust & Savings Bank, Billings, Mont... 46 Selden Building, Seattle, Wash... ............ een emneemenneenneanaeneeee 416 Shaffer Box Co............ eereeereeneeeeee 175 Shareholders Corporation .........c.cceeceeees sore eames erasers WS Shaw Bertram LUMDBEr CO cereomreoceeeeesescartsssecsssacarnsn, | oooormsnssmsssessscssoscssmsnasenees 149 Sherman, Clay & Co.cc RUNNING: Silver Bow County, MODtaNa... coco ococeememeeseasassurescemssomssmnssasss sas santana smisseseosasees 9 Sisters of Charity of Providence, Vancouver, B. Currier 4617 Sisters of Charity of Providence, of Montana... reeeeeeenneneneeeeneaceacenees 467 Sisters of St. Joseph, Lewiston, Ida.............. eee emeennennnensenceeeennnee. ATO Skagit County Draiyman’s ASSOCIAtION. .......oomemoirmimimiiric ements 385 Skinner Building, Seattle, Wash. oie 467 Skyland Farm, Sheridan, Ore.....cicoccoeeen eee rrranananneneneee. 416 Smith Cannery Machines Co..ouoeoieenaie +i reeemmereneereneeeneeeaees 386 Smith, Davidson & Wright, Ltd................... er eeaaneaaeaaanes 387 Snohomish County, Washington... ooo oeueereeeiiercienrermnn encase 30 Sovereign Apartments, Seattle, Wash... 467 Spaulding Pulp & Paper Co.....cocoeieermrecinimmnmmrsinssi sissies ens nnn 177 Spring Summit Apartments, Seattle, Wash... ii 468 Spokane, Washington .....eocreceermmnonneneees eeereeenneaneneeeeeennneeneees 29 Spokane County, Washington. ......ccccooeeniencnnen, eeermoneeaeneneeeneees 29 Spokane, Washington, School District NO. 81. oii 30 Spokane, Coeur d'Alene & Palouse Ry. Courrier 256 Spokane Eastern Corporation......eoee cooceocisiesesscnnc «meen = nesses 303 Spokane & Eastern Trust Co, Spokane, Wash... 96 Spokane Gas & Fuel COMPANY. .oiororeriormrimmimeiniias sesamin sense 257 Spokane Hotel, Spokane, Wash......c.cconecenns ee eee eeeeeeeneene. 476 Spokane Theatres, INC. ooo oioeeemierriaiaiicins omens 476 Start Street Corporation, Portland, Ore.......ccccoiiiiinnnns eee eee. 468 Stimson’s Canadian Development Co., Ltd.c..coiiiriiiiecneees Ce eeeeeeeeeene 468 Stock Exchanke Building Corporation, Vancouver, B. Co... creeennneeae 468 Stratford Hotel Building, Seattle, Wash............ eereremeenn 469 Stout Lumber Company of Oregon..... eee. 145 Studio Building, Portland, Ore................. eeaeaaeeraeaaanneen. 469 Sumpter Valley Railway. ..ooowrrecceirencnicmememen cesar 469 Sane McEEe SHIETHO0K C0urenscsmcrmmrmrosemrasosmsmsssnsnrecsmssmsmssemsssbtasaons: os sesssnosssssssenss IBY INDE?D XXVIII Sunshine Mining Co..cccoceviracoiinnnnnnes eereeeeeeen 428 Superior Portland Cement, Inc............. vereeeeee 388 Superior Service Laundries, Inc... crreeeneeees 390 Tacoma, Washington ........... ... eves 30 Tacoma, Washington, School District No. 10... eterna 31 Tacoma (City of) Light & Power Division......ccccoooieiecec + oo evinces. 257 Tacoma Masonic Corporation...... BE meen eee eeeanenraaaeenne 469 Tacoma Railway & Power Co........ ereeeeeees 259 Terminal Ice & Cold Storage Co., Portland, Ore.... eee 4770 Terminal Sales Bldg., Seattle, Wash.... eeeaenene.. 470 The Dalles, Oregon...cccceecceeeeeccrmerncaannns cones rensnmenbintanin lib sab psp iiss 1 Thomsen & ClarkTimber Co., Ltd..... eens terrnneant aermnniaanniinenn 146 309 Melrose Ave. North, Seattle.... even 4776 Thurston-Flavelle Investment Co...... eee. 147 Title and Trust Co., Portland, Ore eeeeeeee 305 Toole County, MORIENG omc rreceenenrinmben setessisiesssimsissssososss smmpsssms sesame msn sansesaes F Transcontinental Storage & Distributing Co., Ltd... cool 391 Trask Timber Co........... eeeeeeieeeneeeenee 146 Traung Label & Lithograph Co...... ve ereeeeeeeee 392 Treadwell Yukon Company, Ltd... .. reine 429 Tull & Gibbs, Inc............. eee. 411 Tull & Gibbs Finance CorPacece cveeoeerieieeeieeees «ereereeeeeree coeesnnsasessnesnessnnsneesseseenees 411 Tum-A-Lum Lumber CoOueeereeeiiiiiiiieen eeeeeen. 148 Tumwater Paper Mills Co.............. vemeeeneeeeeee 1717 Twin Fals, Idaho ..cooeeieeriaaeeee. eee eee 3 Twin Falls-Jerome Inter-County Bridge Co..... ceeeeeeen 2775 Umpqua Mills and Timber Co........ ceeeeraeeeneeaeenneeesneeeees 148 Underwriters Finance CoOrp...oooeeoeoreneeereercencancrianaricains eoemesnessnsssssanscsssessesensceses 309 Union Bank & Trust Co., Helena, Mont. .cccceeiiiiiiiicciees ccieeeecieeeeccieceeeeees. OL Union Bank & Trust Co., Walla Walla, Wash........... ...... eeereenen 103 Union Oil Co., of California... ceerenenee 393 United Aircraft & Transport Corp...cc.ccocvuneees. SUTURE 1] United Sxchange Building, Inc., Seattle, Wash... eeeeereenmnnnenaneennnnneeneeee 471 United Food Products, INC... oceeemeeeeceeeeeeeeeeieeeemee sence esnenaensnsas anneesnanssssnes 399 United Medical Dental Building, Inc., Seattle, Wash.......... . teeerneaeen. 472 United National Corporation...... nnn 306, 478 United Pacific Realty & Investment Corp.. Seattle, Wash... ereerenaanneen 4770 United acific Bond & Share Corp...... vereeeeeeeeee 307 United 2acific Casualty Insurance Co....ceooomiriininincincc ss cercrcececesccveneneeieneeennes. 117 United ?acific Fire Insurance Co...ceccoeeeeciiiiannt eee eee eeeraeseeiirrinnneeeenee 119 United ?acific Life Insurance Co.......... . . eemeneenaanenaaens 112 United Securities Co.oovereeceeerenne. Co eee. 308 United States National Bank, Eugene, Ore... .. 59 United States National Bank, Newberg, Ore...... iiiiiiiiiiriccicceirireeeee. 61 United States National Bank, Portland, Ore...coovvvmreeiriiiiiiies ieee. 69 United States National Bank, Salem, Ore.................. . aT United States National Coro., Portland, Ore. eee eeeeee eeeeeeeaaanaeneee. 309 United Trust Co........... et eeieeeeeiiireeeeeneeeee 308 Universal Mortgage Corp....ccceecceeuneee. cussnennisssedimsstemmlmissadbiniessnts FIG University Christian Church, Seattle............ veers 476 University Club, Portland, Ore. ..ocoeoiiiiiiiiiiiiiiis eines eee creneeeneeeneees 476 University National Bank, Seattle, Wash... iii. 93 University of Idaho Building Association.......... . enn. 4776 XXVIII UtalivTdaho Sugar Chocummssiomuse wmses = = + 22m ees recereaneeneen. 400 Utah Power & Light Co.coorriiiiiiiiieeeeeceeaees eeaeeeiereeennnenneeeeeneeees 260 Vancouver, British Columbia.........cccoorvnininnnnns eee ae eee. 34 Vancouver, Washinton ....ececcceosiomminrns = cooromrenmssssisscine ereveminseeneeneans 91 Vancouver, Washington, School, District No. 37.................. ee. 31 Vancouver Associated Lumber Interests....... aes reeeeeieneaeeaannenee 148 Vancouver (Wash.), Community Hotel... ................ i eeerreeereeerennneaneeseeeeeenee. 416 Vancouver Crystal Pool, (B. C.)uceocecmicorecrcmreiemimnmmrmrmnmnsnssssscsssssisssscasassssesenscncnscs. 410 Vancouver Georgia Hotel, Vancouver, B. C..cccooerireieennce eevee 472 Vancouver Ice & Cold Storage, Ltd.......cceoieinenvn. en eereeereeeeeeeeeeeeeee 401 Vancouver Inland Transportation Co., Ltd...... + serena EEO Vancouver Kale 0. TH cree dmermmesmmarsnssmsaniisissmass § sesssmmasen | awsmmeseenssommoss 715 Vancouver National Bank, Vancouver, Wash...... ee eeea——— eeeeeeeanenmane 100 Vancouver Western Drug Co., Ltd........ ........ ; emeenenneeeeee 402 Van de Kamp’s Holland Dutch Bakers, INc....coooiimomrieieeeeccerccciicccccnenecnnees. 402 Vulcan Engineering Works, Ltd..coocooiimmirrireeiescecnensncncseeseceenessnneneeens. 412 Wallace Bank & Trust Co., Wallace, Idaho. ...ccciccnics omnis. 41 Wallace Bridge & Structural Steel Co..cccoeer rrririeirceninnreeneccicncaccneennenns. 404 Walla Walla, Washington............ re rmeeesieneneeeesneeeeeesieneneseeneees 31 Walton Lumber Co..ccoceeeiiiiiiiannnne. eee + oe eeaeeemeeeaeermasenneenaneeee 151 Wasco County, OrIegon......emcesncrcrmnserrserecnnsass ween ameenbSa RRS 6 a0 emo aeasonss OD Washington, State of ....cocoooiimiiniiiiieee eeerermennns esemeeeeneee creseeseeneeeee 21 Washington Amusement Co...cocveveeneiceiees © een a eenereneeanes crereneeeen. 404 Washington Athletic Club, Seattle, Wash......... ......... Ce eeeeeeanee AT3 Washington Building, Tacoma, Wash... 473 Washington Fire & Marine Insurance Co... ee 118 Washington Gas & Electric Couns + romero ses 262 Washington General Mortgage Corp.......cccecceeeeveee , mecememseiiirsssenrins LQ Washington Hotel, Aberdeen, Wash................. a eeeeneneeeenees 458 Washington, Idaho & Montana Railway Co....cocecmmermuemremmerscrssmsiasianenssassnnnnnannans 266 Washington Insurance Securities CoOrporation......cccccooceomic rensinies osloneenennes 477 Washington Iron Works .coocoeceee corinne cannes mrt cimeinmns snes sea 405 Washington Manor Apartments, Seattle, Wash................ eeeeenereneeneee 473 Washington Motor Coach Co., Inceoioiiiiiiiiiniiia rereeeeeee 265 Washington National Bank of Commerce, Seattle... 94 Washington National Bank in the City of Tacoma, Wash...ooooceecrrrcicniinnnncnneee. 100 Washington National Bank, Vancouver, Wash... 101 Washington Pulp & Paper Corp...oeooeencnaceis coin rereerenemmeerneeeeee 119 Washington Telephone & Utilities Co..oomrioiieiiiiiiiciiiiis ermine 269 Washington Title Insurance Co....coommmmmeomeeosarnirreenenssinmnn inners 119 Washington Trust Co., Spokane, Wash ...cccoooiniiniiionncnnn eeeveeeenenee 91 Washington Veneer Cou..ooeececes oo « coomeemessiessessmss nsec anes sanm rms 150 Washington Water Power Co...cccceeeee. cee ee eeeeeeaenerereeeeeeeee. 266 Waverly County Club, Portland, Ore........ gmemeverns “SHO Weiser, Idaho ...ooooeeeeenns een eeereaaes 3 Wenatchee, Wash, eos eer 32 West Coast Bancorporation.............. - reeeeeeeaaennnneneeee 312 West Coast Telephone Co....ccceeeeeeen eee a neereeannenanns 209 West Park Street Corporation, Portland, Ore........ «omens 474 Western Bond & Mortgage Co............... EA TEESE es sven maienn sonspsiEEEEERETEre SLT Western Dairy Products Co. .ococoeeercaniimrrnrmnmesset sienna sss 406 Western Fuel Corporation of Canada.....cuoiimeeeimaeecncernsssrss ssc 409 Western Montana National Bank, Missoula, Mont.....ccccaeeccaeian sevenenensinliisety 34 THOMSON'S MANUAL _ XXIX Western Timber Co.oooveiiiiiiiiiiiiiiiiiereeeee cereeeeeeeeee 149 West Kootenay Power & Light Co., Ltd... eee 272 Westminster Paper Co., Ltd......... veeeeeeee 179 Westwood Apartments, Seattle, Wash... verereneaneeee 476 Whatcom County, Wash. ..... eeeeeee 32 Wheeler-Osgood Corporation, The.... cereeeee 153 White Pine Sash Co........ ’ corres 152 Whitman College, Men's Dormitory....... een. 4776 Whitman College Women's Dormitory.......... eeeveenenernegeenennesnennenennes 476 Whitworth Apartments, Seattle, Wash... eee enema anns mms cnenacecne AT6 Willapa BIetrle Clorecrromermmmsmsmsnsemnsementts sposormimsmsisssssmmssaspansmssnsussnsnsnensmerormsmmmsstrare $7 1 Willson Stationers & Envelopes, Ltd.....cccoc coves ovviirii iin evince. 410 Wilsonian Apartments, Seattle, Wash................... Cen eeerereaeenenae. 474 Windham Apartments, Seattle, Wash........... eerie. 414 Wood & English, Limited............. seem. 191 Yamhill County, Oregon............... creeeeneee 20 Yakima, Washington .............. eee 32 Yakima Artificial Ice & Cold Storage Co............ — (1 Yakima First National Bank, Yakima, Wash.......c.oceeeeeccccee. 0 i 105 Yakima Valley Bank & Trust Co., Yakima, Wash.......... eeveeereeeaieeeeee 105 INDE. WE SPECIALIZE IN . . BANK AND INVESTMENT HOUSE PRINTING SEATTLE PRINTING & PUBLISHING CoO. MAIN 89884 112 SPRING STREET ~- SEATTLE THOMSBON'S MANUAL IS ONE OF QUR SPECIMENS XXX THOMSON'S MANUAL = Pacific BIE f= B| 1H fa k 5 Ah) NH ESS Nee itis Toy Officers The Seattle Company Worrall Wilson Chairman of Board Northwest distribution of High-Grade Securities K. Winslow, Jr. President Cebert Baillargeon Vice-Pres. and Treas. A. G. Pringle Vice-President Frederick P. Griffin Asst. Vice-Pres. THE SEATTLE COMPANY Affiliate of SeatTLE TRUST Co. SEATTLE, WASHINGTON Combined Capital, Surplus and Undivided Profits $2,050,000 THOMSON’S MANUAL nf PACIFIC NORTHWEST FINANCE SECTION L GOVERNMENT BONDS STATE, PROVINCE, COUNTY, DISTRICT, MUNICIPAL, SCHOOL STATE OF IDAHO FINANCIAL STATEMENT, Sep. 30, 1928 Bonded Debt .. renee. $5,282,500 Treasury Notes __.. 945,705 Capital: Boise. Admitted to Statehood: July 3, 1890. Population: 1910, 325,594; 1920, 431,866; 1929, 500,000 (est.). Area: 83,888 sq. mi. Acres Cultivated: 8,000,000. Resources: State is rich in mineral ore. chief values being lead, zinc and copper, with some gold and silver. Total value of mineral production in 1928 was $26,667,000. Forest products are second in importance, Mills of the state cut one billion feet of white and yellow pine annually. Half a billion dollars worth of agricultural preducts (grains and fruit) are produced. Livestock is an important industrv. Total Debt .......... Deductions— Sinking Fund 20,227,205 . 868.070 Net General Debt. ..... eeeeaa$5.361,135 BONDS OUTSTANDING, Dee. 31, 1929 Purpose Blind School.....__.. N. Asylum........ ... Institutions... .. Institutions... . ('niversity...... Education............. (2) Refunding...... (1)Capitol............ (2)Capitol Ref ... (1)Lava Springs Lava Spring Highway... Highway... t1)Highway (2YHighwav Dated 19401 rs 3 © 3 Q¢ May 1 May 1 Apr. Aor. Py mp 1 mn Ny Jan. Abr Due 1931 19 107 | a 1920. * Op. 21 Op. 21 Ip. 3 in, 20 27 Jp. 3 Se ‘ia leis vy x. Op. & Serial nt. F A & UL Outstd. 30.000 35,000 238,500 235,000 75,000 265,000 54,000 y ,10,000 00 100,000 ,00 70,000 22.000 35,000 100,000 500,000 200,000 100,000 «000,000 2,000,000 75,000 75,000 Payable by (1) State Treasurer or Equitable Trust Co., New York (2) State Treasurer or Chase National Bank, New York. All other issues by State Treasrer THOMSON'S MANU. BOISE CITY, Capital of State of Idaho, County Seat of Ada County Incorp. 1368. Cori sion form of FINANCIAL STATEMENT, Nov. 15, 1929 Fovernmen since 2. opulation: . 7910. 17.358; 1920, 21,398; 1929, 27,000 Assessed Value all Property..$20,576,088 (est.). Bonded Debt ..... ee 394.641 Industries: Gold and silver mining, Agriculture, Fruit Canning. BONDS OUTSTANDING, Dee. 31, 1929 Purpose Dated Due nt. Pay. Rate Fire Dept. -...... 1911 July 1 1931 —- : 1 Refunding ........ 1915" July 1 1935 Opt. : Street ooooeeee —.. 1916 July 1 1936 — Park wo.oocoeweeeee 1919 July 1 1939 eamrenne. 3tation ............. 1925 Feb. 1 1945 Opt. 3b Pavable bv Citv Treasurer or Chase Nat. Bank, N. Issued Outstd. $40.000 $20,000 105,534 29,286 135,000 115.000 BURLEY, IDAHO, County Seat of Cassia County Incorp.: 1909. Population: 1910, 610; FINANCIAL, STATEMENT, De 60.000 = ad st. ax. ropertv... en $3, , 1920, 5.408. Railroads: O. S. L. and als 650.000 Industries: Agricultural, Sheep Rais: Bonded Debt . we. 176,000 ng Floating Debt . None : Deductions-Rev. Bonds ... 73,500 Net General Debtoooceoo.....$ 102,500 BONDS OUTSTANDING, Dec. 31, 1929 Purpose Dated Due Int. Pay. Rate Electric IIl....... 1917 Jan.1 1937 “14% Water Ref. I..... 1912 June l 1945 Water Ref. III 1918 Nov. 1. Water Ref. IV.. 1925 Mar.1 1945 City Hall I... 1917 Jan. c27 (1)City Hall II “2° ’ Sewer Ref. ........ Fire Dept. ...... .' Street No. 18... ° Cemetery coe... (1YAirport ..... 3 *SEWer ..occo--r 1919 Aug. ®*This issue past due—unpaid. (1YPavable by City Treasurer. Other issues, Fiscal Agent, Issued $7,000 3 000 N00 00 00 00 J00 J00 300 500 1v,000 27 000 Outstd. $2,000 34,000 13,500 24,000 5,000 17,500 16,000 4,000 8,500 5,500 10,000 21.000 IDAHO FALLS. IDAHO, County Seat of Bonneville County Incorp.: 1900. Population: 1910, 4,827; FINANCIAL STATEMENT, Deo, 2, 109% i v i st. Tax. Property. eee 311,856, 1920, 8,064. Railroad: Ore. S. Line. ted Value 442.728 Industries: Farming, Beet Sugar, Bonded Debt ..... 298.000 Seed Peas. Floating Debt miieieeeee None BONDS OUTSTANDING, Jan. 31, 1930 Purpose Dated Due mt. Pay. Rate Issued Outstd. (Light coceceeeee. 1919 July 1 1939 «J 1 5% $35,000 $27,000 {1)Street ........ 1919 July 1 1939 T ! 5% 30,000 30,000 Street ......... 1919 July 1 1939 5, 70,000 70,000 Paving ........ 1920 July’ a4( 5 33,000 25,000 Refunding .. 1928 Jan. to 1 47,500 46,000 ,Light ........... 1928 July £ Hy 100,000 100,000 LL D. Bonds, 811 ISSUES ocrraiiaamiizmraan eccmsmssazooesoreraeanns cman eee. $185,936 1) Payable by Nat. City Bank, N. Y. (2) Kountz Bros, N. Y. (3) Kidder. Peabody, New York City. “J? LEWISTON, Idaho, County Incorp. 1863. Population: 1910, 6,043; 1920, 6,574; 1930, 9,300. Railroads; N. P., Camas Prairie, O. W. R. & N. Industries: Farming, Lumber, Stock, Fruit, Mining, etc. Seat of Nez Perce County FINANCIAL STATEMENT, Apr. 30, 1930 ©st. Tax. Propertv..._.. ea-$14,584,500 Assessed Value re ee. 5,833,779 Bonded Debt .. eanann 501,000 Deductions— Cash cooooeeeaoeeannn 3 Sink. Fund oc... 29.705 § 36,900 Net General Debtooceend 464,100 BONDS OUTSTANDING, April 30, 1930 Dated Due Int. Pay. Rate Issued Outstd. 1923 Serial J&J 1 5-51 $380,000 $363,000 1917 Jan.1 1937 Opt. 26 J&J 1 41% 155,000 . 103,000 1928 May 1l 1933-39 Serial M&N 1 414 35.000 35,000 Treasurer or Chase Nat. Bank, N. V Purpose Water .o.oeoeeeeeees Refunding ........ Btreet ...oeceismines Pavable by City GOVERNMENT BONDS POCATELLO, IDAHO, County Seat of Bannock County Incorp.: 1890. Population, 1910, 9,110; FINANCIAL STATEMENT 1920, 15,001; 1929, 18.000 (est.). Rail- Est. Tax. Propertv. eee $24,000,000 road: U. P Assessed Value ... meee 9,600,000 : oo londed Debt ..... 745,000 Industries: Agricultural Center. Deductions— Railroad Shops. Rev. Bonds .._. 120,000 625 000 Net Bonded Debt... ..... BONDS OUTST NDING, Dee. 31, 1929 Due [nt. Pay. Rate Issued TR-J 15 $75,000 12,000 15.000 2,000 80,000 63,000 20,000 20.000 Dated Streets 1919 June 15 1939 Streets . 1919 June 15 1039 Bridge .. 919 June 5 1939 Bridge _. 24 July 1 194° Refund . 25 Nov.1 1945 Refund .. 27 Jan. 1 1930-:., - Refund ............. +27 Jan.1 1930-37 Se 'a Water Rev. ...... 1917 Apr. 1 1937 Opt. 2: o&. Pavable bv City Treasurer or Guaranty Trust Co.. Outstd. $75,000 12,000 15,000 72,000 250,000 51,000 120,000 120.000 NY Co (City SALMON, IDAHO, County Seat of Lemhi County Incorp.: 1862. Population: 1910, 1,434; FINANCIAL STATEMENT, Dec. 31, 1929 1920, 1,311; 1929, 1.500. Railroad: G. & Est. Tax. Propertyv.....................51,480,560 P. R. R. Assessed Value ...... reese 140,280 ’ Bonded Debt __.......... 103,500 Industries: Sinking Fund 5.068 Raising. Net General Debt...............8 98.431 BONDS OUTSTANDING, Dee. 31, 1929 Purpose Dated Due Int. Pay. Rate (1) Refund. ........ 1912 Jan. 1 1932 Opt. 22 J&J 1 6 (2)YPaving ....... 1929 1940 Opt. 30 J&J 1 6 (1) Pavable bv (Chase Nat. Bank. N. Y. (2) Bv City Treasurer. Outstd. $45,000 58.500 TWIN FALLS, IDAHO, County Seat of Twin Falls County Incorp.: 1907. Population: 1910, 5,258; 1920, 8.324; 1929 10,000 (est). Railrond: TUT. P. Industries: Agricultural Center. FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax. Property. $12,500,000 Assessed Value . 2,025,000 Bonded Debt R46,680 Deductions Rev. Donds . Sink. Fund 1,500 R53 180 Net General BONDS OUTSTANDING, Dec. 31, 1929 Int. Pay Rate &J ve oo Purpose Dated Due Paving 1919 Jan. 1 1929-36 Street ... 1919 July 1 1939 Street .... ‘920 July 1 1940 Bridge . 919 July 1 are Fire De 120 July i 1 Sewer _ 29 July i (639 Water ...._...... .. 1916 Apr.1 1936 ol wu Water Ref. ...... 1927 Jan.1 1930- Serial | &J 200,000 Water Ref. ...... 1927 Jan.’1 1942-4. Serial J&J 1 5 137,500 Interest pavable by Guaranty Trust Co. N VY Citv or City Treasurer 'ssued 2,500 C00 200 LQ ..000 26.001 Outstd. $ 3.500 03,000 75,000 45,000 20,000 36,000 64,000 200,000 137.500 tw WEISER. IDAHO, County Seat of Washington County Incorp.: 1887. Population: 1916, 2.600: FINANCIAL STATEFMWENT, Dec. 31, 1929 1920, 3,150; 1930, not reported yet. Rail Est. Tax. Proper .-..$3,009,074 roads: O. S. L. and P. & I. N. Assessed Value -- 1504,537 I } . L ) i Bonded Debt ... 117.500 ndustries: Flouring Mill, Railroad Treductiong— Shops, DBrick Manufacturing, Inter- Sink. Fund mountain Institute, Fruits. Grains, Potatoes Alfalfa 3,443 04.056 Net General Debio BONDS OUTSTANDING, Dec. 31, 1929 Purpose Dated Due Int. Pay. Rate Water ................ 1923 Jan.1 1943 Opt. 33 J&J 1 5 Light ................. 1923 Jan. 1 1943 Opt. 33 J&J 1 5 Fire Equip. ...... 1923 Jan.1 1943 Opt. 33 J&J 1 5 (DWater _......... 1924 Junel 1944 Opt. 34 J&J 1 5 (1) Interest paid by Dept. of Investments, Boise, Idaho Other issues bv Baker Loan & Trust Co. Issued Outstd. $33,500 $33,500 3,500 3.500 3,000 3,000 77 500 7.500 THOMSON'S MANUAL STATE OF MONTANA FINANCIAL STATEMENT, June 30,1928 Assessed Value ree eee. $1,371,323 Bonded Debt iors 5,611,907 Floating Debt .coeerreeeirirceccceeen 1,193,074 _.%6.804.981 State Capital: Helena. Territory Drzanized: May 26, 1864. Admitted to statehood: Nov. 8, 1889. Population: 1910, 376,053; 1920, 548,889; 1929, 600,-D000 (est.). Area: 146,133 sq. mil Acres Cultivated: (1928) 8,200,000. Railroads: (With track mileage within state): N. P., 2,469 mil; G. N,, 1,888 mi.; C. M. St. P. & Pac, 1,650 mi; C. B. & Q., 134 mi.; Oregon Short Line. Industries: Returns in 1927 as follows: Agricultural, $149,031,000; Livestock, $67,049,000; Lumber, $4,650,000; Manufacturing, $65,000,000; Mining, $50,000.000. Total, $365,447,000. BONDS OUTSTANDING, Dec. 31, 1929 Due {nt. Pay. Rate 3 Total Debt .... Deductions— Sinking Fund .coeceeee - + ceeeeeeeeeee$ 614,685 Net General Debt..............$6.190,296 Dated Issued Outstd. Capitol 2nd........... 300,000 $ 422,000 Capitol 3rd............ 60,000 100,000 Capitol Annex...... 30,000 50,000 Japitol 5th............ eamannnn 18,989 Education A... “0,000 2,260,000 <ducation B..... . 000 544,000 Aducation C...... .~ 000 495,000 Education D........ 0,000 40,000 Education E......... : 50,000 150,000 Zducation Fo... rr 255,000 555,000 fducation G.......... w 98,000 198,000 @ducation H......... ou 50,000 50,000 Education I.......... . 50,000 350,000 mducation J.......... eo 242,000 242,000 Tducation K..oeeeeo. 26 uv 2 36,395 36,395 mducation Li........ +92¢ Ju.y 1 10,000 10,000 fAducation M......... 1927 Jan. 1 we” 45,000 45,000 Education N.......... 1928 Jan. 1 “8 3,300 3,300 Education O......... 1928 Jan. 1 648 . i 2,100 2,100 Educa. P & Q........ 1928 Jan. 1 1948 Op. oo .&9 2 19,205 19,205 Capital Building bonds are secured by state land grants and are all held by the Permanent School Fund. Interest on Educational Bonds of 1921 and 1922 payable by Chase National Bank. New York City. All others payable by Bank of America, N.Y. BILLINGS. MONT., County Seat of Yellowstone County Incorp.: 1883. Population: 1910, FINANCIAL STATEMENT, Dec. 31, 1929 10,131; 1920, 15,000; 1929, 17,5600 (est.). Est. Tax. Propertv... eeaanea-$30,000,000 Railroads: N. P., G. N, C. B. & Q. Assessed Value ..... eee 8,430,000 Bonded Debt .coeeeens 1.058.716 Industries: ~~ Lumber Mills, Flour Deductions— Mills, Beet Sugar, Wool Market, Cream- Sinking TRINA sinsesmmninenuinns 43,788 eries, Meat Packing, Agricultural Cen- ——— tat. ‘Net General Debt..........$ 1,014,928 BONDS OUTSTANDING, Dee. 31, 1929 Dated Due Int. Pay. Rate Issued Outstd. Water Plt. ....... 1914 July 1 1934 Opt. 29 J&J 1 5 $200,000 $200,000 Water Plt. ........ 1920 Jan. 1 1940 Opt. 30 J&J 1 6 50,000 50,000 Funding ......... 1928 Jan. 1 1929-48 Serial J&J 1 4145 86,000 82,000 (1)Sewer ........ 1919 July 1 1939 Opt. 34 J&J 1 5 400,000 400,000 Park ..oeeeeceeeeeee 1919 July 1 1939 Opt. 34 J&J 1 5 75,000 75,000 Pavable (1) bv Chase Nat. Bk., N. Y. and City Treasurer. Others by City Treas. BUTTE, MONT., County Incorp. May, 1879. Population: 1910, 39,165: 1920, 41,611; 1929, 45,000 (est.). Railroads: N. P., C. M. St. P. & P.,, G. N.,, O. S. L. Industries: Mining, Smelting and Refining, Meat Packing, Foundries, Machine Shops, Creameries, Lumber Mills. Seat of Silver Bow County FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax. Property.....ccoceerem--$6 0,000,000 Assessed Value .ciiommnnnens 20,000,000 Bonded Debt .imcocecmcmaeeenes 1,690,000 BONDS OUTSTANDING, Dec. 31, 1929 Purpose Dated Due Int. Pay. Rate Issued Outstd. (1) Funding ..... 1916 Jan. 1 1930-36 Serial J&J 1 5 $322,000 2yFunding ...... 1921 July 1 1941 Opt. 36 J&J 1 6 1,000,000 mterest Pavable (1) Chase Nat. Bk. N. Y. (2) First Nat. Bk.,, N. Y. GOVERNMENT BONS CARTER COUNTY, MONTANA County Seat: Ekolata. Organized: ZiNANUIAL STATEMENT, Dag, 31, 1022 9 2 . st. Tax. Property... “3,163, 1917. Population 1910, 8,000; 1920, SOAR VALE 461.972 6,000; 1929, 4,000 est. Area: 3500 sq. Jonded Debt .... 60.300 mi. Acres cultivated: Ap. 50,000. Ruil- floating Debt 31,591 roads: none. 1.891 Industries: Resources, Trade: Lumbering, cattle, sheep and wool, dairying; corn and hogs, poultry, fruit and grains; petroleum prospects. 54.286 57.605 BONDS OUTSTANDING, April 21, 1930 Funding................. 1918 Mar. 6 1938 Funding........ ..19'8 Mar. 6 1938 Funding.......... "£8 Oct. 1 1938 Funding............ en Dec. 15 1936 Organization..... . Oct. 1 1938-("lassif't'n Bonds. 22 Nov.1 1938-Pavable by County Treasurer Op. 33 Dp. 33 op. 32 Te Ve-S \ es % b 3 2 a 520,000 10,000 32,000 28,000 22.300 10000 $10,000 5.000 92,000 21,000 22,300 10 0090 > .-: CASCADE COUNTY, MONTANA FINANCIAL STATEMENT, Dec. 31, 1929 ©st. Tax. Property..............$111,437,447 Assessed Value ... 33,237,837 Bonded Debt _.. 1,141,000 Floating Debt ......ocoooeninaee. 24,407 County Seat: Great Falls. Organized: 1887. Population: 1910, 28,833; 1920, 38,836: 1929, 50,000 est. Area: 2758 sq. mi. Acres cultivated: 1,000,000. Railroads: C. M. St. P. & Pac.: G. N.,, Burlington. Industries and Resources: Smelter (A. C. M. Co.); Oil Refinery, Lumber Yards, Gas Plants, Electric Power Plants, Milling Companies, Creameries. Well established farming communities, with and without irrigation. Coal mines, Dairving activities, Stock raising, etc. Total Debt Sink, Fund .... 65,407 135.181 Net General Debt... .oooennen... 1.030.286 BONDS OUTSTANDING, June 30, 1929 Purpose Refund.......... Jan. 1 1932 lm Bridge June 2 1933 Jail........... July 1 1933 Roads.......... Jan.1 1926-3: 1st Bridge. July 1 1926-3¢ 10th Bridg. Tuly 1 1926-38 ), Roads........... fan. 1 1926-39 My Highway...... Tan.1 1926-4 Op, Highway..... } dec. ] 1926-4 Op. Refund.......... fan. ~ 926-/ p. Refund........... ... Ay T0941 Ip. Highway....c..coeeeeen. 160 July 1 1926-4 Op.lyr. Refund......cccoueeeee. 1923 Jan. 1 1928-43 Op. lyr. J&J emeennns Pavable bv Countv Treasurer or American Irving Bank. New York Dated Int. Pay. nn Y% Rate Issued Outstd. 2125,000 15,000 85,000 40,000 113,000 100,000 50,000 110,000 60,000 106,000 70,000 130,000 27 000 FLATHEAD COU \TY. MONTANA County Seat: Kalispell, Organized: 1893. Population: 1910, 18,785; 1920, 17,547; 1929, 18,850 (Est.). Area: 5,294 sq. mi. Acres cultivated: 260,000. Railronds: Gt. Nor. Tetal Railroad Milene: 105. Industries, Resources, Trade: Lumbering, box-making, farming, stock raising. dairving and mining FINAICIAL STATEMENT, Dec. 31,1929 mst. Tax Property ..... 1,130,564 ysssessed Value .. “94,611 3onded Debt ... 123,657 Tloating Debt ... "31.680 Total Debi 5 “37 Sink. Fund ‘R,605 399 632 Net General Del BONDS OUTSTANDING, June 30, 1929 Purpose Dated Due Road .....ceceeeeeeeeeee. 1918 July 1 1938 Fund ..................... 1921 Dec. 1 1932-40 Refund .....ccccceeeeee. 1927 Jan. 1 1928-37 Pavable by County Treasurer. Rate 1 51% 1 4% 1 415 {ssued Outstd. $126,000 $126,000 283,000 283,000 145 000 114.557 THOMSON'S MANUA. FERGUS COUNTY, Montana FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax. Propertv...............$45,4386,270 Assessed Value __.. ... 5,562,713 Bonded Debt .......... 1,681,000 Floating Debt ........ 119.446 8 1.700.446 County Seat: Lewistown. Organized, 1886. Population: 1910, 33,000; 1920, 26,000; 1929, 18,000. Railroads: G. N., C. M. & St. P. & Pac. Total railroad milage: 262. Industries, Resources, Trade: Farming, Stock Raising, Mining, Brick and Cement Mfg., Oil Refineries. . NOTE: Two counties have been cut 5ff from Fergus County since 1920. Total Debt .. Deductions— Sinking Fund .._.......... & 432,132 Net General Debt. ......8 1.268.314 BONDS OUTSTANDING, As of Dee. 31, 1929 Purpose ! Dated Due Int. Pay: Rate Issued Outstd. (1)Hi School. .... 1917 June 15 1927-36 Serial J&J $100,000 35 70,000 1)Refund Li... 1918. July 1 1924-38 Serial TJ&J 97,000 61,000 ‘9YHi Way ...... 1919 Oct. 1 1926-39 Serial *&O 50,000 100,000 ‘¢AHi School ... i319 Jan.1 1925-34 Serial &J 150,000 100,000 HI Way ........ 1920 July €21-40 Serial x F 300,000 300,000 “Hi Way .... . 920 Dec. 2}. Serial & 250,000 250,000 Refund ! Novy, -<¢ Serial 300,000 300,000 (4)Refund _...... "% - Jen Lt Serial 5. 360,000 270,000 (5)Refund ........ 1924 Nov. heb Serial Ly 200,000 120,000 {(6)Refund. ...... 1914 Nov. L934 Opt. 24 J 225,000 10,000 Payable by (1) Bank of America, N. Y.; (2) Liberty National Bank, N. Y.; (3) Chase National Bank, N.Y; (4)Kountz Bros., N. Y.; (5) Trving Trust, N. Y.: (6) County Treas. Lewistown. Mont. GALLATIN COUNTY, MONTANA FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax Propertv ree -$45,051,849.00 Assessed Value 14,238,639.00 Ronded Debt 518 0100.00 518.000.00 County Seat of Bozeman County. Oreanized: 1865. Iepulation: 1910, 14,-079: 1920, 15,864; 1929, 18,000 (BEst.). Area: 2,529 sq. mi. Acres Cultivated: 129,198. Railroads: Nor. Pac, C. M. St. P., Ore. Short Line. Industries, Resources, Trade: Farming, stock raising, milling, pea canning and some mining. Total Debt ........ ... D=ductions Rev. Bonds ....$107,006.00 Sink. Fund .... 50,851.64 Net General Debt ........ BONDS OUTSTANDING, As of June 30, 1929 Int. P~v. Date Op.’29 J&J 51 Op.’'31 s&J A Op.’31 J&J Aj Op.'25 1& 43 157,851.64 260.148.36 Dated Due diway ..-.. 1919 Jan. 1 1939 diway ‘921 Jan. 1 1941 Tiway 291 July 1 1941 fund ...... .'5 Dee. 1 1935 7211 oieeiieeeeeeee 1911 Mar. 1 1931 Pavable bv Countv Treasurer Issued Outstd. 115,000 95,000 150,000 138,000 125,000 125,000 125,000 125,000 25.000 35.000 GREAT FALLS. MONT., County Seat of Cascade County Imcorp. 1888. Population: 1910, 13,948; 1920, 24,124; 1929, 30,000 (est.). Railroads: G. N, C. M. St. P. & P, C. B. Q. Industries: Railroad Division Center, Oil Refining, Meat Packing, Smelting, Copper Wire Mill, Brick and Tile Factory, Agricultural Center, Dairy Products. Flour and Cereal Mills. FINANCIAL STATEMENT, Dec. 31, 1929 mst. Tax. Property.................$52,000,000 Assessed Value coe. ccomeeeeee. 14,621,761 Bonded Debt ........ ... eee 940,000 Floating Debt .ooiaiieeeees 142,365 2 1083 365 Total Debt .. Deductions— Rev. Bonds .occee.....$a 000 Sink. Fund ..ccccccceee.. =4 856 Net General Debtn$ 584.500 BONDS OUTSTANDING, Dec. 31, 1929 Int. Pay. Rate Serial J&J 1 514 Opt. 33 J&J 1 5 Serial J&J 1 5 Opt. 23 J&J ~ 5 Serial J&J 514 NDpt. 26 J&J 4:46 Dated Due SEWer ooo. eeweee. 1919 Jan. 1 1930-39 Funding ........... 923 Jan. 1 1943 3eWer eee: 1927 July 1 1946 water wooceeeeeeeccee 1913 July 1 1933 Water ..eeeeeeee. 1920 July 1 1930-40 Nater eee. 916 Julv 1 1936 Tssued Outstd. $235,000 $145,000 360,000 327,000 70,000 64,000 109,000 104,000 225,000 150,000 150.000 150.000 COVERNMENT BO GREAT FALLS, MONT., SCHOOL DIST. Nu BONDS OUTSTANDING, June 30, 1930 nt. P-Purpose Dated Du-Hi Annex.........c..... 1912 July 1 1932 Junior Hi....... ... 1917 July 1 1937 High Sch..... . 1927 Dec. 31 1947 High Sch........ 1928 June30 194°¢ High Sch....oc.......... 1928 Dec. 31 19148 High Sch................ 1930 June30 1950 Paid bv Countv Treasurer [ssued ‘70,000 N00 00 YL Outstd. § 90.000 25,000 ~2,940 7,658 L988 5.187 — TAT + 73.772 HELENA, Capital of State of Montana, County Seat of Lewis & Clark County FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax. Property... nnn$25,000,000 Assessed Value ooo... 6,800,000 onded Debt 333.756 Incorp.: 1881. Population: 1910, 10,770; 1029, 12.037; 1929, 15,000 (est.). Railroads: N. P.,, G. N. Industries: Mining and Smelting, ead Smelter. Agricultural Center RONDS OUTSTANDING, Dec. 31, 1929 Purpose Dated Due Int. Pay. Rate (1) Refunding .. 1926 Jan. 1 1930-36 Serial J&J 1 415 (1) Water Gen... 1926 Jan. 1 1927-36 Serial J&J 1 41; (2) Water Rev... 1920 Jan. 1 1926-35 Serial J&J 1 6 Pavable at (1) Kuntz Bros.. N. Y.: (2) Harris Forbes Co.. Ts Issued .-Outstd. 338,756 125,000 120.000 HILL COUNTY. MONTANA County Seat: Havre. Organized: 1912. Population: 1910, 11,000; 1920, 13,958. Area: 2928 sq. mi. Acres cultivated: 317,000. Railroads: G. N. Tetal railroad mileage: 70: Resources: R. R. Terminal, Agriculture, Mining, Stock Raising. Merchandising, Manufactur-‘neg. Wholesaling FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax. Property... ...........§ 9,630,292 Assessed Value .... 31,307,152 Bonded Debt ..... 361,000 Floating Debt 4.000 265.000 Total Debt Deductions Rev. Bonds . Sink. Fund _.._. Net General £0,707 24.293 ; ent BONDS OUTSTANDING, Dec. 31, 1929 Int Pay tate Purpose Dated Due Court House "215 Nov. 1 1935 een Refund.... 5 Jan. 1 1935 Op. 5 Refund.. 25 Feb. 1 1927-35 Serial Road.......... 1920 Jan. 1 1940 eeeeeann Paid bv Conntv Treasurer. Havre. Montana Issued Outstd. 104,000 100,000 103.000 112 000 KALISPELL, MONT., County Seat of Flathead County Incorp.: April, 1892. Population: 1910, FINANCIAL STATEMENT, July 1, 1929 4G; 1920, 5,3 7: 1929 5.615 Railroad: Est. Tax. Propert 10,000,000 Assessed Value ... 2,676,017 Bonded Debt . 191,918 Floating Debt 65.088 > ry} Industries: rural Center Agricul-Total Debt Deductions: Rev. Bonds . Sink. Fund ..... Net General 1)« 906 v3 93 “Je BONDS OUTSTANDING, Dec. 31, 1929 Purpose Dated Due Int. Pay Funding ................ 1925 Jan. 1 1944 Opt. J&J 1 Water Ref, .... 1923 1930-43 Serial J&J 1 Water Ref. .... 1928 1944-48 Serial J&J 1 Pavable bv Citv Treasurer or State Fiscal Agent. N. YY. City Rate R = =sued "95,000 70,000 25 000 Outstd. $95,000 70,000 35.000 THOMSON'S MANUAL LEWISTOWN, MONT., County Seat of Fergus County Incorp.: 1899. Population: 1910, 2992; FINANCIAL STATEMENT, Dec. 31, 1929 1929, 5,500; 1929, 7,000 (est.). Railroads: Ansogesd Yale —— eeeenn-$2,831,550 C. M. St. P. & P; G. N. a PER oe Ble Industries: 0il Refineries, Brick mire Manufacturers, Live Stock.’ ...$ 266,882 Total Debt ............... Deductions— Rev. Bonds .....ccccece-.....® £501 Sink. Fund cccecceeeeeeee.. 64,273 $ 30,774 ean 236,107 Net General Debt..... BONDS OUTSTANDING, Dec. 31, 19290 Purpose Dated Due Int. Pay. Rate Issued Outstd. Water .ccoccceeeeee.. 912 Jan. 1 1932 Opt. 24 J&J 1 5 $60,000 $45,000 3eWer ..ccoceeeeeee. 1912 Jan. 1 1932 Opt. 22 J&J 1 5 32,000 32,000 Bridge’ ...c..... 1920 Jan. 1 1931-40 Serial J&J 1 6 40,000 40,000 Water .......... 1920 Jan. 1 1931-40 Serial J&J 1 6 100.000 100.000 Pavable by City Treasurer. MISSOULA, MONT., County Seat of Missoula County Incorp.: 1883. Population: 1910, 12,869; 1920, 12,668; 1930, 14,616. Railroads: N. P.. C. M. St. P. & P. Industries: Lumbering, Railroad Shops, Flour Mills, Creameries, Agrirultural Center. Beet Sugar Factory. FINANCIAL STATEMENT, Dec. 31, 1929 Fist. Tax. Property.... .....$22,750,140 Assessed Value wooeoeoceeeee emer 6,825,043 Bonded Debt ........ ” 351,870 Floating Debt ......... 249,610 601,480 15,000 £26 480 Total Debt ... een Deductions— Sinking Fund eens Net General Debt.......cccccce..0 BONDS OUTSTANDING, Dec. 31, 1929 Purpose Dated Due Int. Pay. Rate Issued Outstd. Funding .cccecee.... 1916 July 1 1936 Opt. 36 J&J 1 5 $178,000 Funding .......... 1926 Nov.15 1931-46 Serial M&N 1 41, 173.870 Interest pavable at Nat. Citv Bank, N. Y. RAVALLI, MONTANA FINANCIAL STATEMENT, June 30, 1929 Est. Tax Property ..............$19,085,072.00 Assessed Value ...... ce. 5,727,976.00 Bonded Debt ........... _. _— 376,000.00 Floating Debt ......... 39,933.74 County Seat of Ravalli County. Organized: 1893. Population: 1910, 11,-566; 1920, 10,098; 1929, 9,000 (Est.). Area: 2,396 sq. mi. Acres Cultivated: [rrigated, 100,429; Non-irrigated, tillable, 16,619; grazing, 234,951; timber, 84,936. Railroads: Nor. Pac. Ry. Co. Total Debt “Benne Total Railroad Mileage: 65 miles. In~ gi Fund i 18,528.22 dustries, Resources, Trade: Dairying, ——— farming, timber and fruit. Net General Debt .........$ 397.410.52 BONDS OUTSTANDING, Dee. 31, 1929 Int. Pay. Rate Issued Outstd. T&J 1 45 $150,000 $110,000 J&J 1 514 100,000 100,000 J&J 1 6 100,000 30,000 J&T 1 534 136,000 136,000 Dated Due Funding.....cccceee.. 1916 Dec. 1 1927-40 HighWay.weereeee 1920 Jan. 1 1931-40 SkalkahoO .cceeeeeeee. ~ 320 July 1 1936-40 runding one. 922 May 1 1938-42 16,000 yr. 10,000 yr. 20,000 yr. 36.000 vr. RED LODGE, MONT., County Seat of Carbon County Incorp.: 1898. Population: 1910, 4,950; 1920, 4,515; 1929, 3.500. Railroads: N. P. } Industries: Coal Mines, Pea Cannery, Farming and Stock. FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax. Propertv..eoeeeceeeeea-$3,029,455 Assessed Value irene 889,664 Bonded Debt .. comes 90,000 Floating Debt een ae 1,628 Total Debt woeoeeeeeeeemeeeceneee-$ 91,628 Deductions— Sinking Fund oceans 10,687 Net General Debt... o....d 80.941] GOVERNMENT BONDS BONDS OUTSTANDING, Dec. 31, 1929 Dated Due Int. Pay. Rate 919 Apr.1 1929 ‘ 1 5 22 Mar.1 1942 1 6 29 July 1 1949 ’ 51% Treasurer Purpose Issued Outstd. $30,000 $1,000 55,000 55,000 24 000 24.000 sewer .. Water .. Refund .. Pavable ROOSEVELT COUNTY, MONTANA FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax Property ........... *18,247,391 Assessed Value ... 5.001,633 Bonded Debt “37,500 Floating Debt 47,606 106 09 297 997 County Seat: Wolf Point. Organized: 1919. Population: 1019, 10,000; 1920, 10,247; 1929, 11,500. Area: 2,520 sq. mi. Aeres Cultivated: 600,000. Railroads: Great Northern Ry. Co. Total Railroad Mileage: 116,37. Industries, Resources: Farming, stock raising. Net General De BONDS OUTSTANDING, As of Dec. 31, 192? Purpose Dated Due int. Pay. Rate Funding .. 1919 July 1 1939 Op.'30 J&J Road ...... 1920 Jan. 1 1940 Op.'30 J&J Funding .. 920 July 1 1940 Op.’'30 J&J Funding ... 922 Jan. 1 1942 Op.’'37T J&J Funding .ceeeeceeeeee. 2923 July 1 1943 Serial J&J x Pavable bv Countv Treasurer. Wolf Point. Montana ssued $306,000 200,000 126,000 122,000 70 000 Dutstd. $244,000 200,000 126,000 122,000 $5 500 SILVER BOW COUNTY, Montana County Seat: Butte. Organized: Feb. 16, 1881. Population: 1910, 56,848; 1920, 60,312; 1929, 65,000 (est.). Area: 726 sq. mil. Acres Cultivated: 120,000. Railroads: N. P.,, G. N,, C. M. St. P. & Pac. Ore. Sh. L. Resources: Copper, zinc, lead and manganese, and other minerals. More than $45,000,000 worth of metals produced anually: Livestock and agriculture. FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax. Property... ..._....... "7,366,913 Assessed Value 970,793 Bonded Debt .... 550,000 Floating Debt 17.961 Total Debt .. Deductions— Sinking Fund ... Net General Debt.................. BONDS OUTSTANDING, April 1, 1930 Purpose Dated Due »t }~v Rate Issued Outstd. (1)Highway ..... 1920 Jan. 1 1930-4u¢ Serial 6 $250,000 $153,000 (2YFunding ...... 1921 1930-41 Serial 3 525.000 380.000 © 961 TOOLE COUNTY. MONTANA County Seat: Shelby. Organized: May 7, 1914. Population: 1920, 3,724; 1929, 5,000 est. Area: 1945 sq. mi. Acres Cultivated: 470,000. ' Railroads: +. N.,, C. B. & Q. Resources: Petroleum, wheat and rats. stock raising. FINANCIAL STATEMENT, June 30,1929 st. Tax. Property......... ......$20,930,824 Assessed Value ............ R,432,116 Bonded Debt ... 653,000 Floating Debt _. 111.208 Total Debt Reductions-Sink. Fund ...... x. 308 38.637 95 671 Net General Debt BONDS OUTSTANDING, June 30, 1929 Rate Purpose Dated Due int. Pay. 1) Funding........... 1915 Mar. 1 1935 Op. 30 &J 2)Highway......... 1919 Oct. 1 1939 Op. yr. &3 IN Funding........... ®'9 Nov.1 1939 Op. 30 %& 2YHighway......... “1 Jan. 1 1941 Op. 31 % 4’ Refund............ 49:3 Apr.1 1943 Op. 30 - & 1+)Special.......... ... 925 Jan.1 1926-45 Op. 40 & (4) Seed......ccceeeeee.. 525 Feb. 1 1927-45 Op. 40 J&J Payable by (1)First State Bank, Shelby, Mont. York. (3)New York Trust Co. (4)County Treasurer Dutstd. $77,000 100,000 25,000 00,000 65,000 . 96,000 6 i SRR 100,000 (2)YIrving Trust Co.. New qa d THOMSON'S MANUAL STATE OF OREGON State Capital: Salem. Territory organized: Mar. 3, 1948. Admitted to statehood: Feb. 14, 1859. Population: 1910, 672,765; 1920, 783,389; 1929, 1,065,-700 est. Area: 96,699 sq. mi., or 61,188,-180 acres. Acres cultivated: 2,958,422, Agriculture Return: 1928, $175,773,330. Principal crops: Wheat, 1,027,000 acres; 23,318 bu., worth $24,082,000; Oats, 304,-000 acres—10,944,000 bu., worth $5,681,-000; Hay, 905,000 acres—2,041,000 tons, worth $23,879,000; Hops, 17,000 acres— 17,000,000, worth $3,400,000, Peppermint Oil, 50,000 lbs; clover seed, 75,900 bu.; Flax Fiber, 9,000 tons; Corn, 2,952,000 bu.: Barley, 3,675,000 bu.; Potatoes, 3,240,000. Fruit Raising: 154,000 acres — $19.-140.000. Livestock: $80,301,950. Poultry: $11,500,000. Lumber: State has 500 saw mills, sutting 4 billion feet annually. Standing timber estimated at 396 billion board feet. Salmon canning: 446,646 cases — $5,903,462. Total returns from industry in 1928: £343.755,410. BOND SUMMARY, June 1, 1930 Highway Bonds _.............. .....$27,250,000 [rigation District Bonds 2,172,960 Veterans’ State Aid... .7,250,000 Farm Credit Bonds............ 150.000 Total comme. $57.592.960 HIGHWAY BONDS OUTSANDING, Apr. 1, 1930 Tnt. Pay. Rat A&O A&DY A&Q A&U AKO t &O 2&0 t £0 “.&O *&O A 20 "&O F&O t &O A&O A XO AKO A&O A&O A RO) &O A &O A&O TRA AQ Co) Dated Aug. 1, 1917 Sept. 1, 1917 Apr. I,1918 July 1, 1918 Dec. 11,1918 May 11,1919 June 1, 1919 Nov. 11,1621 Dec. 11,1921 Aug. 1,1619 Oct. [, 1919 Nov. i, 1919 Dec. 1, 1919 July ., 1920 Aug. ., 1920 Oct. 11,1920 Nov. 11,1920 Jan. 1,1921 July 1,1921 Aug. 11,1921 Sept. I, 1921 Oct. L, 1925 Oct. 11,1925 Aug. 11,1919 Apr. 14,1920 Apr. 11,1920 \pr. 1,1922 Aug. 11,1923 Apr. 1, 172A Jan. 1,3 °° Aug. © 7 Sept. Dect. 4, Feb. Net. 1, on. Oct. & Apr. 1,1922-42 Oct. & Apr. 1, 1922-42 Oct. & Apr. 1, 1923-47 Oct. & Apr. 1, 1923-45 Apr. & Oct. 1, 1924-43 Dct. & Apr. 1, 1924-44 Dect. & Apr. , 1924-44 Apr. & Oct. , 1927-46 Apr. & Oct. 1, 1927-46 Oct. & Apr. 1, 1924-44 Oct. & Apr. |, 1924-4~ Apr. & Oct. , 1925-4" Apr. & Oct. , 1925-44 Oct. & Apr. L, 1925-4 Oct. & "Apr. i, 1925-4 Oct. & Apr. , 1925-4 Apr. & Oct. L, 1926-4 Apr. & Oct. =, 1926-4. Oct. & Apr. i, 1926-46 Oct. & Apr. 1, 2926-46 Oct. & Apr. 1, 1926-46 Oct. 1, 1930-44 Apr. 1, 1945-50 Aug. 1, 1926-33 Apr. & Oct. 1,1925-44 Apr. & Oct. 1, 1925-44 Apr. & Oct. 1, 1927-46 Oct. & Apr. 1, "928-48 Apr. & Oct. 1. "120-49 Apr. & Oct. GLT7-48 Det. & Ant i Jct. te es Det Amt. 500,000 500,000 500,000 690,000 250,000 500,000 000,000 200,000 560,000 ,000,000 100,000 790,000 on n00 200 “00 00 00 00 J00 N00 "2,000 2000 c ,000 00,000 AG 000 20% 000 “en 000 65.000 M00 00 100 00 “00 J hwy 3 Qutstdg. 300,000 300,000 325,000 148,500 168,750 350,000 700,000 237,500 162,000 700,000 400,000 725,000 725,000 1,125,000 1,125,000 500,600 162,500 162,500 200,000 600,000 200,000 150,000 150,000 300,000 725,000 087,500 $12,500 900,000 975,000 825,000 850,000 ,275,000 ,275,000 437,000 9925 000 Lk Adal Jor 76 .....$28,403,750 21, of principal payable semi-annually; principal and interest pavable by State Treasurer. Salem, or State Fiscal Agent, New York City. FOR THE POCKET - - - Adequate Bond ‘Values, $6.50 Standard Bond Values, $6.00 Universal Bond Values, $5.50 ] Monthly Bond Values ,$75.00 FOR THE DESK - - - - { ACMB Bond Values, $35.00 Adequate Bond Values, $18.00 Special books on Serial Bonds, Annual Interest, Ete. THOMSON’S BUSINESS BOOK SERVICE [KReattle. Wash. GOVERNMENT BONDS IRRIGATION DISTRICT BONDS OUTSTANDING, Jan. 1, 1930 Int. Pay. A&O J&-& Bonds Ochoco..oo...... \Warm Springs Talent.............. Grants Pass... Slide oon. Payette ........... Medford........... Summer Lk... . Silver Lk... Deschutes... Crook..o.oooo.... Eagle Pt........... Jordan Val... . . North Side....... Li¢& Shasta View... J&.1 l, 1919-24 , 1919-24 [, 1920-25 l, 1920-27 , 1921-22 , 1927-27 , 1927-2 L168 LL. CGE -25 top De Due (941-46 1948-53 138-56 9-48 od ‘0 R9 oR BY 4 Amt. 106,545 114,000 201,765 “2,150 NOOO 200 000 - 200 “000 00 00 Me Total ceeeceiaeieieee 2k Payable by State Treasurer. Salem Ore. or State Fiscal Agent VETERANS STATE AID BONDS OUTSTANDING, Jan. , 1930 Dated Due Int. Pav Ty to Feb. 1.1922 Apr. & Oct. Oct. 1.1922 Oct. & Apr. Oct. 11,1922 Oct. & Apr. Mar. 1,1923 Apr. & Oct Mar. 1,1923 Apr. & Nc Feb. 15,1926 Jan. Nov. 1,1926 Apr Nov. 11,1926 Oct. Nov. 1,1926 Oct. Apr. 1,1927 Apr. Apr. 11,7927 Apr. Dec. 927 Apr Dec. 9:7 Dect Dec. 1927 Net 1, 1931-50 ., 1931-50 1921-5" cv Serial Serial wotar gq" A £0) Issued 000,000 “NL H00 000 “000 .00 000 S00 C00 25,000 64,000 236,000 000,000 “00,000 2300 000 bo, bo. a; Pavable by State Treasurer, Salem Ore. or State Fiscal Aornt r ¥ FAR™T Tr LIDIT BCN pf. Series A [Series Bo... 1. Cor lune rae ry tp RYLEEERITYY T i” Pavable by State Treasurer. Salem, Ore 0000 Outstdg. 3 106,545 414,000 201,165 112,150 12,000 16,500 05,000 85,200 66,000 69,500 31,200 20,000 '0,700 4.500 4,500 2,172,960 City. Outstdg. $10.000,000 600,000 +,400,000 1,000,000 [,000,000 1,250,000 000,000 775,000 225,000 764.000 ,236,000 000,000 500,000 500.000 : 7,250,000 City v 7 $250,000 200,000 2450.000 ASTORIA, OREGON, SCHOOL DIST. N¢ BONDS OUTSTANDING, April 12, 1930 Dated Due Int. Pay. Rate Building... vee. 1924 Oct. 1 1944 Op. 34 A&O 1 5 Building.... wen -925 Apr. 1 1928-41 Serial A&O 1 5 Building...cceceeeeee.. 7925 Aug. 1 1945 Op. 35 F&A 1 5 Building....ccec....... 1925 Dec. 1 1927-30 Serial J&D 1 514 Refunding............. 1927 June 1 1934-145 Serial J&D 1 434 Pavable bv Countv Treasurer. Clatsop County. Astoria. Ore Issued Outstd. $100,000 $100,000 100,000 79,000 25,000 25,000 30,000 7.500 195.000 195.000 ASTORIA, OREGON County Seat of Clatsop County. Incorp.: 1865. Population: 1920, 14.-027; 1930, 15.000 (est.). Railroad: S. P & S. Industries: Fishing, Logging, Lumbering, Agriculture, Poultry. Dairying. FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax. Property. ................$18,726,870 Assessed Value ........._ 9,363,435 Bonded Debt ___... _......... ,192,442 Floating Debt 271.915 Total Debt Deductions-Rev. Bonds .. Sink. Fund ....... Net General Debt................. 464.358 15,454 18.904 THOMSON'S MANUAL BONDS OUTSTANDING, March 31, 1930 Purpose ated } Due Int. Pay Rate funding......ccceeeeeee. 911 Nov. 1 1931 Von 3 Funding... .. 915 Jan. L 1934 : ’ Tfunding....... we 16 Apr. 1 1936 Funding....... 17 Apr. 1 1937 Funding..... °2 July 1 1949 Funding....... ‘4 Aug. 1 1974 Fire Pept... Aug. 1 Mun. Imp... Jan. 1 Funding...... Dec. Bulkhead.... Dec. 1 Bulkhead... Oct. 1 ,l Bulkhead... Sept.1 "64 Gen. Ref... Dec. 1 1956 Gen. Ref... Jan. 1 1957 sen. Ref... a + Feb. 1 1957 Gen. Ref........ ..... 7 Mar. 1 1957 ren. Bel.oruons 1 Apr. 1 19R7 Gen. Ref. ..ooceooo. 7 May 1 _J357 Reclamation......... . .6 July 25 1936 Reclamation... 1°20 Nov. 1 1940 3st. & Sewer........ 1°24 June 1 1944 3t. & SewWer....... 1.24 Aug. 1 1944 3t. & Sewer......... 1925 Mar. 1 1935 3t. & Sewer... 1¢24 Nov. 1 1944 3t. & Sewer...... 1926 Dec.. 1 1936 3t. & 3Yewer....... 1927 Apr. 1 1937 *t. & jewer......... 1927 Aug. “e317 Jt. & ‘ewer......... 1627 Oct. 93% Jt. & ~ewer........ 1927 Dec. $37 t. € awer........ 128 Feb. 38 it. & ewer... 1720 Feb. 940 St. & ewer........ 1929 Dec. “29 St. & sewer... - 9 Mar. "39 St. & Sewer......... ~ Jan. 3¢ Basin Dam............ Jan. rr Mains.......... July 2 Reservoir... . July & Reservoir............... 9 Jan. _aar Fen. Maint . . :2 Feb. 1as7 . Sonduiteeeeecceeee 2922 Apr. 1 194 ES, M2ins.coooeecceceeeeeeee. 1924 Aug. 1 1944 eeennna—aa Ronds and interest paid by City Treasurer or [ssued Outstd. t 50,000 $ 50,000 00,000 40,000 +3,000 35,000 27.000 90,000 200 40,000 00 £0,000 00 3,500 "00 2,500 oo ,a00 7,500 77,000 0,000 2,000 J0,000 10,000 0,000 ~".000 ~8,000 € 900 56,000 35,000 18,000 05,000 94,000 21,000 19,000 96,000 89,000 70,500 36,500 235,000 180,500 287,000 5,000 37,114 34,614 106,912 95,000 194,149 2,000 40,452 15,500 70,198 132,198 18,569 18,569 30,028 29,528 64,255 64,255 76,319 26,319 2°.045 23,045 0125 1,500 ‘47 25,600 62 37,762 00 30,000 200 75,000 200 {5,000 _ 900 50,000 1,000 75,000 250,000 250,000 «A 12 Bb 15,000 11,250 Chase National Bank, N.Y. City. ALBANY, OREGON County Seat of Linn County. Inecorp. 1865. Population: 1910, 4,275; 1920, { 882+ 1930. 5.000 (est.). FINANCIAL STATEMENT, Dee. 31, 1929 Est. Tax. Property...cccoeeeeeeeee $8,105,958 Assessed Value eeveooceeceeeeeee 4,052,979 Bonded Debt .......... eee 242,075 Floating Debt .ccimiareen . 22,450 Total Debt ..... 264,525 Sinking Fund ......... ERE 22,134 Net General Debt. ......$ 242,391 BONDS OUTSTANDING, Dec. 31, 1929 Int. Pay. Purpose Dated Due [ssued Outstd. Refund.....cceeeeeeee. 1911 Oct. 1 1931 © 75,000 § 14,000 City Halloooooooooo.... 1914 Jan. 1 1934 22,000 5,600 Dity Hallo... "923 Apr. 1 1933 18,000 18,000 SeWer..coccccceenceaneee. 124 Jan. 15 1744 67,590 67,590 Bridge... 25 July 1 104: 35,000 35,000 Fire Equip.......... a Oct. ~ v 13,500 13,500 Funding..oeceeeeeeeee. “ Qet. iL. 7h 35,000 35,000 IO Di cvmnesmmmmmeasans © Tuly 1 1°36 27,790 16,790 SeWer..ccceeerer i cceneee. <4 Apr. 1 1937 mean % 4,500 4,500 Airport..ceccseeeeeee 2329 May 1 1949 Op.’'59 melN 1 41, 25,000 25,000 Interest and principal paveble by City Treasurer or National City Bank, N. Y. BAKER, OREGON County Seat of Baker County. Incorp. FINANCIAL STATEMENT, Dec. 31, 1929 1874. Population: 1910, 6,742; 1920, Ajoessed Value Bonga F6005. 008 1729; 1929, 7,805. Railroads: O. W. R. moter & UtHity Bonds. Se ero8s & N. RR., Sumpter Valley R. R. yi Industries: ILumbering, Mining, Ag- LOL Debt oo oes 835.944 ciculture, Dairying, Stockraising. Sinking Fund ......oeeeeecees % 113,617 Net General Debtoomrceeee $722,327 GOVERNMENT BONDS BONDS OUTSTANDING, Dee. 31, 1929 Due Int. Pay. ALO Issued Outstd. Mains....... + 25,000 § 25,000 Water..... 15,000 115,000 Water...... £8,800 98,800 Water....... £000 75,000 Water... 200 10,000 Water..... 00 11,600 Streets... ve 00 23,600 Streets...... .- 503 5,503 BL reetiS mms oo N00 50,000 Streets............cc.eeet 000 14,000 Natitorium........... 2c L000 35,000 Natitorium........... May . 000 55,000 St. Equip............ dec. pt 2,000 20,000 Auto Camp........... May Ip. 5,000 5,000 Cemetery............... 1 May Op.’ 6,500 6,500 Fire Sta....ccceeeee... 121 May 3 Op." 12,000 12,000 Bridge...c.ccceeeeeeeeee. 1921 May 1 1941 Op.’5 we Noa 6 10,000 10,000 Intrest ana principal paid at Mavor's Office. Baker. Ore., or Chase National Rank. New York City BAKER, ORE., SCHOOL DIST. No. 5 BONDS OUTSTANDING, April 12, 1930 nt Pr Rate Purpose Dated Refunding............. 1913 Dec. 1 1933 Op. 23 Building....... .... 1916 Feb. 1 1926-36 Serial [3uilding...... .. 77%5 July 1 1930-35 Serial Building..cccccccccc.... =925 Nov. 1 1935-40 Serial Pavable bv State Fiscal Agent, New York [ssued * 20,000 25,000 15,000 30.000 Outstd. $ 4,000 75,000 15,000 20.000 oo DESCHUTES COUNTY, OREGON FINANCIAL STATEMENT, Dec. 31, 1929 ©st. Tax. Property... $20,000,000 Assessed Value . 3,642,655 Bonded Debt ........ 303,000 Floating Debt eee... 196.369 199 269 County Seat: Bend. Organized: Dec. 13. 1916. Population: 1920, 9,622; 1929, 17.476. Area: 659,044 acres. Acres Tillable: 71,692. Railroads: G. N,, Oregon Trunk, O. W. R. & N. Total Railroad Mileage: 113 miles. Resources: Lumber and Agriculture. Total Debt ... oo. BONDS OUTSTANDING, Dec. 31, 1929 [nt. Pay. Rate MeN 1 6 VN 1 5 M&N 1 5 J&ED | Dated Due RoadS...... .ccoeeeee. 1921 Nov. 1 1932-41 Serial RoadS...oocceeeeeeeeeo. 1923 Nov. 1 1929-44 Serial ROAAS. ceeeeceeeeeeeeeee. 1924 May 1 1929-42 Serial ROAGS.oonneeeeeeeeneeee. 1926 June l 1928-34 Serial -we Mle P- Tountv Treasurer. Bend. Ore Issued Outstd. $ 50,000 $ 50,000 50,000 47,000 65,000 65,000 185.000 141.000 CORVALLIS, OREGON FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax. Property... eee $15,000,000 Assessed Value ee 5,102,622 Bonded Debt .._ 541,442 Deductions— Rev. Bonds ..... Sink. Fund ........ Net General Debt... ..._..... BONDS OUTSTANDING, Dec. 31, 1929 Dur nt Pav. County Seat of Benton County. Inecor. Jan. 27, 1857. Population: 1910, 4,552; 1990 5 752: 1929. 8.000 (est.). Purpose Sewer... Aug.i5 :*5¢C Fire Equ’ Aug.15 ¢1( Parks... Dec. 1 165¢ Fire........... July =~ 93 Fire Equi July 63¢ Sewer... July 1962 Sewer..... 73 July 963 Sewer....... *24 Oct. 964 Fire. ............... 424 July L939 St. Flusher.. .. 926 Apr. 938 Water Rev.......... 306 Jan. G16 Water Rev........... 1914 Apr. . 1954 Water Rev........ 1921 Apr. 1 1951 Water Rev........... 1923 Apr. 1 1963 Water Rev. _....... 1925 Apr. 1 1965 Dated 1910 “10 g { Issued 144,000 16,000 2000 noo 00 w00 +.,000 2¢,000 20,000 ,000 15,000 7,000 00,000 10,000 22 000 Outstd. 144,000 16,000 6,000 £000 3,000 5,000 51,000 20,000 20,000 5,200 13,000 7,000 97,500 10,000 22 000 A & THOMSON'S MANUAL _____ EUGENE, OREGON County Seat of Lane County. Incorp. FINANCIAL STATEMENT, Dee.:31, 1929 1864. - Population: 1910, -9,009; 1920, ou Tax. PEABEE tren $58, 009.000 53: - (est.): ailroad: ssessed Value cee. 14,990,17 19,958; 1930, "12,000 <(est.). Railroad Bonded Debt oo 8 657.640 5. P. Floating Debt -... eco. 451,700 Industries: Agriculture and Lumber es \lanufacturing. Seat of University of $ 4.109.340 Dregon. Total Debt .......... Deductions— Rev. Bonds ..........31,236,659 Sink. Fund oo... 615.462 § 1,852,122 Net General Debt.............$.2.257,218 BONDS OUTSTANDING, Nov. 1, 1929 Purpose Dated Due Int. Pay. - Rate Issued Outstd. Refunding.....c....... 1911 Dec. 1 J&D 130,000 130,000 Paving...cccoecceeemeeem. 1915 Sept, ! M&S 15,000. 15,000 3eWer oo icceaeeeeee. 2912 Sept. &S 83,500 183,500 City Hall........occoo.. 915 July zJ 10,000 40,000 SEeWeT eoaecneeemeeeee = 919 Aug. &F * 000 6,000 Airportecccocciiceeee. 920 Sept. jept. 200 22,000 BE. 8th Bridge...... 1920 Sept. Sept. 100 10,000 Fire No. 1l...cccccce.... £20 Now. N&M “00 25,000 Park. .coooooeecezeeeee. ©9211 Jan. n. 00 10,000 Paving......cceeee. 922 Sept x3 00 20,000 Paving..cocceeeeccceeeee. 923. July” J 00 0,000 Paving...cceeeeeeeeeeeeee. 525 Feb, J0 5,000 Paving....ccccceeeeeeeeee. 925 Feb. 00 7,000 KE. 9th Bridge...... ©25 Feb. 00 2,000 Sewer .occcecmeeeeee 425 Jam, 200 0,500 Paving....ccceeeceeeeeeee. 125 May « 000 20,000 Paving.....cccceeeeeeeeee. 325 May 1 ,000 30,000 SeWer..cooraceeeeemmeeee. 925 May = 31,000 50,000 Fire No. 2.ccceeceeeee. 725 Aug. 1 25,000 25,000 Parke oeeeeeeee. 925 Sept. © 735 75,000 175,000 Refund..ccccoeeeeeeeee. 325° Feb. © 936 50,000: 50,000 Refund.....ccceecceeeeeee. 225 Feb. 0 941 50,000 50,000 Refun@...cccceeeeeeee. 925 Feb. . $56 75,000 75,000 SEWEeTleoeeeeranaceee. 127 Jan. 1.57 90,000 90,000 Comf. Sta. eeeeeeeee. "27 May 3 947 5,000 5,000 Sewer......... eee. 928 June = Tou 50,000 50,000 Watereccceecceeeeeeeeee. 308 July 1 a8 300,000 300,000 Water..ooooeeeeeeeamee. 910 Aug. 3 220 60,000 20,000 Light... ceeeeeeee. 1911 Oct. 1 05631 25,000 25,000 Water. occeeccoceeeeeee. +914 Apr. 1 1930 100,000 100,000 Water....... JE... 1925 July 1 1950 135,000 135,000 Water...... cee 2925 July 1 1955 200,000 200,000 Water..cccceee. oo. 1926 Sept. 1 1956 230,000 30,000 water...occocceiioeeeeeee. 1927 May 15 1957 i 4 120,000 120,000 Pr. & Light.......... 1929 June 1 1934 Op.’ +o 400,000 400,000 Pr. & Light.......... 1929 Oct. 28 1936 0D. ’82 eee eee eee 200,000 200,000 Bonds and interest payable by Citv Treasurer or Chase National Bank, New York City. EUGENE, ORE., SCHOOL DIST. No. 4 FINANCIAL STATEMENT, June 30, 1929 LIABILITIES Accounts Payable ...ooceeeecennn [nterest Accrued ...o.oooooiiiamiaene-. Warrants ccccoeeemeemesszenommceooomaaaans Street Assessments oon. Net WOOTEN coos eeeeeeaaameas = ASSETS Cash ..... Sinking Fund .. Taxes Due ........ Misc. Assets -... JB meneame pee SUIldIiNES eect enemies 4,062 9,448 .5,987 26¢ <= 177 29. 989 1,511 438,000 26,397 568,046 Total moe eee Total .eoeevamnaennn ..%1.118.698 RONDS OUTSTANDING, Jan. 1, 1930 Due Int. Pay. '5 1 Dated Rate Refunding............. 1923 Mar. 15 1943 5Y Refunding............ 1927 Nov.1 1930-2 4% Wilson Hi..ceeceeeeeeee 1924 July 1 16°74 43) Roosevelt ee... 1924 July 1 107E 414 Ed. & Whit..........l. 1927 July 1 1950-564 coeee ee. L 134 Pavable bv County Treasurer, Lane County, Eugene, Ore. Issued Outstd. $ 11,000. $ 11,000 87,000 87,000 175,000 175,000 75,000 75,000 90.000 90,000 GOVERNMENT BONDS LANE COUNTY, OREGON FINANCIAL STATEMENT, Apr. 13, 1930 Est. Tax. Property..................$85,000,000 Assessed Value .... 46,242,114 Bonded Debt ...... 1,368,100 Deductions— Sinking Fund .... Net General Debt....... County Seat: Eugene. Organized: Jan. 28, 1851. Population: 1910, 33,-783: 1920, 36,166; 1929, 40,000 (est.). Area: 4,612 sq. mil. Acres Cultivated: 1,244,399. Railroads: S. P., Oregon Electric. Total Railroad Mileage: 300 miles. Resources: Timber and Agricultural Products. BONDS OUTSTANDING, April 15, 1930 Due int. Pay. Rate 1926-45 Serial M&N 1927-46 Serial M&N 1928-47 Serial M*=N 1929-4 Serial M-N 1929-49 Serial MeN Agent. New York City Dated Roads... 1921 May 1 Roads... "22 May1l Roads..... 22 May 1 Roads....... (4 May i Roads....... 926 May 1 Pavable hv State Fiscal [ssued Outstd. $200,000 3% 56,000 650,000 577,000 450,000 388,000 400,000 323,000 43 500 232 500 McMINNVILLE, OREGON FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax. Property........cc............$4,423,040 Assessed Value ean 2,211,520 County Seat of McMinnville County. Incorp.: 1882. Population: 1910, 2,400; 1920, 2,767; 1929, 2,915. Railroad: S. P. Industries: Milk Condenser, Cannery, 2 Laundries, 3 Lumber Mills, Airport, Walnut Dryer, Municipal Water and Light, Dairying, Farming, Fruit. Dated Due Issued Outstd. (1) Water. ang Jan. 1 1931 Op. 21 57,000 13,500 (2) Water. 7 June 1 1937 Op. 28 90,000 90,000 (3) Water. 7 Jan. 1 1937-51 Serial 25,000 25,000 ()yWater 7 Jan. 1 1937-51 Serial i 000 75,000 (4)Light Mar. 1 1930 Op. '20 0,000 30,000 (Park. Junel5 192¢ Op. 20 2 400 1,000 (2)Park.... May 1 (¢° Op. '28 +00 3,500 (3)Park........ Jan. 2 1¢° Serial R 500 8,500 (2)Armory...... June 1 19x_ Op. 31 20,200 20,000 (3)DBridge.cceeeeeeee- Teb. 1 1927-40 Serial “2 000 26,000 (3) Equipment... 192: Feb. 1 1929-42 Serial 2600 13,000 (3) Equipment... 1925 May 1 1935-45 Serial 1,000 11,000 (3)Gen. Paving... 1925 Oct. 15 1926-35 Serial Accu 10,000 6,000 Pavable (1)U. S. Nat. Bank, Portland, Ore.; (2)State Fiscal Agent, N. Y. City; (2)Citv Treasurer: (4YHanover Bank, N. Y. Citv int. ’< MARSHFIELD, OREGON County Seat of Coos County. In- 1920, 4,034; 1929, 6,000. Railread: Soucorn.: 1874. TIopulatiom: 1910. 2.950; Pac. Co BONDS OUTSTANDING, April 17, 1930 Purpose Dated Due Int. Pay. Rate Issued Outstd. City Hall .coceceeee. 1923 July 1 1929-53 Serial J&J 1 5 $75,000 $72,000 Funding ...cccceec... 1925 June 1 1928-35 Serial J&D 1 51 60,000 45,000 (1)Pavable bv National City Bank. New York. (2)City Treasurer. MARION CO1 \TY, OREGON FINANCIAL STATEMENT Est. Tax. Property................$120,000,000 Assessed Value ........o..o....... 48,000,000 Ponded Debt LL 260.000 County Seat: Salem. Organized: July 5, 1843. Population: 1910, 39,780; 1920, 47,187; 1929, 55,000 (est.). Area: 1,193 sq. mil. Acres Cultivated: 600,-000. Railroads: S. P., Oregon Electric. Resources: Flax Growing, Prunes, General Agricultural and Berry Growing. BONDS OUTSTANDING, Dee. 31, 1929 [nt. Pay. Rate T&J 15 51% J&J 15 51, J&J 15 5p J1&J 15 5 Purpose (ssued Outstd. $200,000 $ 85.000 500,000 150,000 150,000 105,000 20.000 20.000 Roads. cme Roads. .ccocooeeeeinaee ROAAS.ceimeecaccceen Roads... ae, Dated Due 1920 July 15 1933 [920 July 15 1933 1920 July 15 1933 424 Julv 15 1934 THOMSON'S MANUAL MEDFORD. OREGON FINANCIAL STATEMENT, Dec. 31, 1929 mst. Tax. Property....................$15,000,000 Assessed Value ee 1,906,766 Bonded Debt . ve 2,018,293 Floating Debt 66.725 5 085 018 County Seat of Jackson County. Incorp.: 1885. Population: 1910, 10,-300; 1920, 5,760; 1930, 13.000 (est.). Railroad: S. P. Industries: Fruit; Pear center of the Northwest; Apples, etc.,, General Farming, Mining, three Sawmills and Box Factories. Total Debt . Deductions— Rev. Bonds ...... .....~ ~~ °¢ Sink. Fund ........... Net General Debt... ........... - 1,922,408 162.610 Purpose Rate Issued Outstd. (DRS. (St. Im.).... Jan. 1 A $700,000 $376,000 (2)G. Refund........ Jan. 1 30,000 16,000 (2) Bridge. ....cccev...- Oct. } 20,000 10,000 (3)Med. F. Ser. B. Dec. © 30,000 30,000 '2)City Hall ......_.. Dec. ~ 50,000 60,060 ‘2Y Fire Equip...... Jan. +0,000 30,000 oY Airport... July 20,000 120,000 yWater.....coo..... Jan. 29,000 24,500 «~)Med. Imp., } .. ‘uly 25,757 23,000 (A*Med. Imp., w.... » Jan.’ 113,793 113,793 © Waterooooeee.n, 18 July 355,000 276,000 te, WALe wm we 0 Aug. . o enone 30,000 30,000 (25 Water....ccceeeee 0» 27 Jan. 1 1928-55 Serial . 500,000 488,000 (2)yWater....cceeeeee. 1928 Jan. 1 1929-56 Serial J&J 5 425,000 421,000 (1)Payable by Chase National Bank or City Treasurer. (2)Chase National Bank. (3)City Treasurer. (4)John Nuveen & Co.. Chicago. (5) Kountz Bros., New York City. BONDS OUTSTANDING nt. Pay. ~J MEDFORD, ORE., SCHOOL DIST. No. 49 BONDS OUTSTANDING, April 1, 1930 Purpose Dated Due Int. Pay. Rate Building...c.cceeenooe 1925 June 1 1945 Serial J&D 1 5 Pavable by Treasurer of Jackson County, Medford, Ore Issued Oustd. 185.000 $153.000 MULTNOMAH COUNTY, OREGON County Seat: Portland. Organized Dec. 22, 1854. Population: 1910, 226,-261; 1920, 275,898; 1929, 325,000 (est.). Area: 434 sq mil. Aeres Cultivated: $0,000. Railroads: S. P., N. P, G. N.. S. P. & S., Oregon Electric. - Resources: Lumbering, Fishing, Flouring Mills, Woolen Mills. Portland, the county seat, is largest city in Oregon and one of the principal cities of the Pacific Coast. FINANCIAL STATEMENT, Dee. 31, 1929 Est. Tax. Property................$650,000,000 Assessed Value oceeeeeeeecenneee- 375,000,000 Bonded Debt .ociccimiamiieacaeaes 9.550,000 Deductions— Sinking Fund .....cccceeoeeeeeee 8 717,000 Net General Debt..............$ 8.833,000 BONDS OUTSTANDING, Dec. 31, 1929 Due Int. Pay. Rate & J 5 A 41% > F 4 Dated is. Bridge. ..ccaceeeeee. 1914 ROAAS. cee —eeeeeee 1926 Roads.....-- . 926 ROAAS cere eee 227 ROAAS ceamacar smmemmmmmnn 27 ROAAS cccocnemneamnmmnes cf B'side Bridge.....-- 123 B'side Bridge......- 924 3'side Bridge.....--- 325 B’side Bridge.......- “25 B’'side Bridge........ 1 926 Ross Il. Bridge..... 223 Ross Il. Bridge... 26 Ross Il. Bridge... 2¢ Ross Il. Bridge... ~~ 3ellwood Bro.....--R. I. Sell Br.........-. R'way Bridge... Bridge. aecsememase=Bridge c-ee-memrmeeees 119i Bridge. ccacsmcenem 1929 Issued $1,250,000 510,000 240,000 500,000 750,000 200,000 500,000 .000,000 560,000 140,000 0 000 5,000 97.000 000 ,000 0,000 90,000 50,000 300,000 120,000 220 000 Outstd. $650,000 510,000 240,000 500,000 750,000 200,000 480,000 000,000 500,000 ‘40,000 500,000 "80,000 ,00,000 "84,000 "16,000 50,000 00,000 750,000 500,000 120,000 280.000 July 1 1942 Aug. 1] 1948 Aug.1l 956 July 15 1957 Sep. 15 1957 3ept © “758 Nov.” “53 Dect. J 554 June » 1944 June - “55 Mar.1 $56 Nov.1l “53 Mar. ? “56 sept. 1 47 Sept. 1 ..56 Mar. 1 1955 Jct. 1 1955 July 1 1957 July 1 1959 Oct. 10 1940 Net. 10 1959 Op. 28 Op. 22 op. 49 Jp. a7 Jp. iL Op. 34 Jp. 29 dp. 30 Jp. 31 Jp. 45 Jp. 32 Jp. 29 Jp. 32 op. 3% Jp. 48 Jp. 31 Op. 31 TL Op. 33 + J Op. 35 J&J = Op. 35 A&O 10 Op. 40 A&O 10 Pe % 5 43] GOVERNMENT BONDS _ OREGON CITY, OREGON County Seat of Clackmas County. FINANCIAL STATEMENT, Dec. 31, 1929 Imcorp.: 1858. City has commission- Est. Tax Property ....... 257,881 manager government. Railroads: 8S. Assessnd Value ... _ .940 P. & S., P. E. P. Industries: Paper onded Debt *05.241 mills woolen mills. 2922 641 Total Debt x Bu Rev. Bonds Cash .............. Sink. Fund ..... Net General D2 BONDS OUTSTANDING Int. Pay. V&N CRN 5.959 7.682 Purpose Dated Refunding ........... 1913 May Funding ... vee. 1913 May Elevator ............... 1914 May Refund. ................. 316 Apr. Fire Equip. ......... 920 July Refund. ....... . .... 921 May City Hall ............. 20 Dec. Gen. eceeeeeeeeenan. 924 Dec. ou Water Gen. ......... +915 Apr. 930 Water Ref. _....... 1912 May 1 1932 Bancroft Bonds . (13 Issues) camenne an {interest and principal paid by City Treasurer Nate TSE G 20,000 £0,000 + 2,000 275,000 15,000 30,000 25,000 27,000 375,000 10,000 219.241 Dutstd. $ 20,000 50,000 12,000 135,000 7.000 10,000 12,000 20,000 :85.000 40,000 214 241 PORTLAND, ORE., SCHOOL DIST. No. BOND SOUTSTANDING, May 1, 1930 Int. Pay PF.at F&A Purpose Due Outstd. Building.... Aug. 15 1930-42 8,500 Building.... Feb. 1 1931-47 389,800 Building... feb. 10 1934-4 25,000 Building... May 1 1930-4° «42,000 Building... Feb. 1 1931-4. 360,000 Building... Dec. 15 1930-4" i 835.000 Building... july 15 1930-2 ~0 554,000 Building... Tuly 15 1940-4 200 336,000 Building... Dec. 15 1930-4: 300 890,000 Building.... Mar. 25 1931-4¢ ~00 334,000 Building... Mar. 10 1921-323 ¢,000 168,000 Building... Mar. 10 1934-47 76,000 776,000 Building... Sep. 20 1930-40 £08,000 508,000 Building... 3ept. 20 1941-47 92,000 392,000 Building... Apr. 15 1931-3¢ 275,000 275,000 Building..... Apr. 15 1936-4 25,000 725,000 Building...... . 929 Mar. 1 1932-46 ,000,000 1,000,000 Building.......ccc....... 1930 Apr. 15 1950 eemmeesen 500,000 500,000 Interest and principal paid by Multnomah County Treasurer, Portland. Ore., or State Fiscal Agency. New York City. PORTLAND OREGON County Seat of Multnomah County. incorp.: 1851. Population: 1910, 207,-214; 1920, 258,288; 1930, 300,000. Railroads: S. P, O. W. R. N, 8S. P. & 8S, N. P., G. N., Ore. Elec, P. E."'P. Elec Ry. Industries, Resources, Trade: Lumber, fruit, grain, manufacturing of all kinds, mostly furniture and freight cars, woolen goods, clothing, paper, etc. FINANCIAL STATEMENT, Dec. 31, 1929 ¥st. Tax Property............ *643,013,740 Assessed Value (549%) .. 347,227,420 "Bonded Debt 48.050.013 050.013 Total Debt Rev. Bonds .. Sink. Fund ... 448,650 Net General .“zZbt .......... 01,363 $23 837.500 not included in uebt limit. For Current Information on OREGON SECURITIES Read—-CHAPMAN’S WEEKLY C. C. Chapman, Publisher - ££, H. Young, Editor 203 Guaranty Bldge., Portland. Ore. THOMSON'S MANUAL BONDS OUTSTANDING, February 1, 1930 Purpose - Dated Due Int. Pay. Rate BL 1911 Nov. 1 1941 Police Signal ..... 1927 Mar. 1 1930 rireboat ..oooooeeee..’ 1911 July 1 1936 Tire Mains .......... 1924 Aug. 1 1549 Assess. Coll'n........ 1929 Feb. 15 1939 Assess. Coll'n........ 929 July LU 1939 Assess. Coll'N...... 1926 July 1 1946 Assess. Coll'n...... 928 Apr. 1 1948 Assess, Coll'n....... .928 May 1 1749 Assess. Coll'n_...... 1929 Nov. 1 D4a Purchase Prop...... 1923 Oct. 1048 Trematory e.......- 927 Aug. 1 1952 Firehouses .........- 1919 Dec. 1 1930 Firehouses ........... 1920 Mar. 1 1923 Firehouses .......... '921 Sept. . 1924 Fire Houses ........ 2923 Oct. 1 1926 Fire Equip. -...... 1927 May 1 930 Fire Equip. ....... 1928 Feb. I .931 fire Equip. -....- 1929 June 1 1932 Auditorium ......... 1913 Dec. ! 1943 Auditorium ........ '916 Mar. ? 1946 Pipe Line ...ccc.... 1909 Jan. 1934 Pipe Line ...cc....... 1910 June . 935 Pipe Line ccccceeeeee 910 Sept. 1 :935 Morrison Bridge 904 Jan. 1 ‘934 Hawthorne Br..... 909 Jan. 1 1939 Broadway Bridge 909 July 1 1939 Broadway Bridge 911 Jan. 2 941 Broadway Bridge 1911 Sept. 1 1941 Broadway Bridge 1912 Oct. 1 1942 Broadway Bridge 1913 June 1 1943 Broadway Bridge 923 Nov. 1 19563 Access to Bridges 1924 Apr. 1 1927 Access to Bridges 925 May 1 1928 Access to Bridges 925 July 1 L929 \ccess to Bridges 1926 Sept. 1 1929 \ccess to Bridges 1926 Oct. 1 1929 Access to Bridges 1927 July 1 1930 Access to Bridges 1928 Feb. 1 1931 Access to Bridges 1928 Aug. 1 1931 Parks & Blvds. . 908 Dec. 1 1933 Parks & Blvds. . 911 July 1 "36 Parks & Blvds. . 9312 Oct. 1 937 Purchase Prop... 19 Nov. 1 922 Parks & Blvds. . 320 June 1 028 Parks & Blvds. . 9%5 Apr. 1 1+ 26 Parks & Blvds. . 924 Oct. 1 1928 Ferry (Sellwood} 903 Dec. 1 1933 Ferry (Albina) .. 904 Jan. 1 1934 Art. Highways..... 929 Apr. 1 932 Art. Highways... .929 Oct. 1 932 Golf Lks. (Estm.) 1924 July 1 927 Golf Lks. (Estm.) 1928 Sept.15 .936 Golf Lks. (R. C.).. 1927 July 1 1937 Public Docks ...... ‘911 Nov. 1 1961 Public Docks ..... 913 May 1 1943 Public Docks ..... 913 Dec. 1 1943 Public Docks .... ‘914 Oct. 1 1939 Public Docks ..... +915 May 1 1945 Elevator ........... 1917 Oct. 1 1928 Elevator ........... 1918 Oct. 1 1921 Elevator ...oc....... 1922 Jan. 3 "925 Harbor eee. 1919 May 1 1922 Harbor .....ccee.... 1920 Feb. 2 922 Harbor .oeeeeeeeeee 1920 July 1 62 Harbor ....co.cc.-.. 1920 Nov. 1 25 Rlevator ...o...... ‘922 Sept. ? 125 water ...cccceeccemmeee 111 Jan. 136 Water .......oc..... 11 Mar. 1 "36 Water ...oocccceemeermee- Oct. 1 3536 WATET cucsmineanmmnen Mar. 1 193" Water ..ocococeeeieaee Nov. 1 “2 Water .ococcceccemnees June 1 Wael wrmsmpepvmecommnn Aug. 1 water oo. eee Sept. 1 . Water -.oocoeceeeceeene- Nov. 1 1 WLBT sree cwimemumnn = » Dec. 1 16: Water ..occocecoeeceene- 1 Feb. 2 7° Water .oocoeeocemceceen = t Dec. 1 _. Water .oocceceaaees > Mar. 1 _9<C Water .oeeecacann “6 Apr. 1 1941 Issued Outstd. $200,000 $200,000 100,000 100,000 125,000 125,000 3,500 3,500 20.000 430,000 .0,000 170,000 29.,000 297,000 50,000 50,000 “1,000 100,000 000 53,000 000 30,000 200 20,000 ~00 25,000 100 9,000 Y00 21,000 100 "1,000 00 35,000 000 24,000 000 25,000 J00 35,000 900 65,000 100 150,000 200 00,000 00 00,000 200 100,000 JOO 50,000 200 250,000 2,900 500,000 T7000 600,000 000 315,000 30 52,000 5,000 5,000 5,000 .5,000 "©4000 179,000 000 331,000 ,,000 40,000 £0000 183,000 L000 616,000 £7,000 339,000 ~F.500 65,500 ~n 000 500,000 © -,000 250,000 27.000 250,000 000 340,000 ,000 50,000 "N00 118,000 300 50,000 000 15,000 .0,000 50,000 . 85,000 185,000 00,000 300,000 95,000 60,000 16,000 16,000 10,000 66,000 50,000 50,000 1,250,000 1,250,000 900,000 900,000 100,000 100,000 100,000 100,000 1,500,000 -,000,000 ..000,000 685,000 000 150,000 JOO 930,000 “5,000 575,000 ,000 ,510,000 000 510,000 300 270,000 100 500,000 100 300,000 100 500,000 300 500,000 .000 250,000 000 242,000 .5,000 75,000 450,000 250,000 22,000 22,000 285,000 285,000 175,000 175,000 135,000 135,000 460,000 460,000 125 000 125.000 GOVERNMENT BONDS Wale coum Water Water —_-WARE vimucimse Water ..._... _...... Water .... Water Water Water Water Water Water Water Water Water Water Water \eeenn Water emeemn Water .. wa Water .ooooiiieenaes Principal and New York City 917 Apr. 1 1942 73.000 75,000 919 Feb. 1 1744 100,000 100,000 921 July 1 . 16 500,000 500,000 921 Dec. 1 946 200.000 200,000 922 Mar. 1 047 aan 300,000 300,000 9:7 Mar. 1 4 ). #4-53 200,000 200,000 9:3 July ! y. 34-R2 200,000 5.200,000 "22 Qct. p. 24-53 500,000 500,000 1 May G p. 29-35 1 50,000 25,000 . Apr. 35 Ip. 35-54 amt 000,000 1,000,000 Moo May 1.35 Ip. 35-54 T&L 60,000 60,000 24 Sept. 1 935 Jp. 35-54 M&S ,0090,000 1,000,000 24 Nov. T "35 Op. 35-54 MRT [,600,000 1,500,000 25 May 1 36 Op. 36-55 © &S 000,000 1,000,000 25 Oct. 1 ¢36 Op. 36-55 A&O 500,000 500,000 ‘v6 Mar, 1 037 Op. 37-56 M&S 2,000,000 2,000,000 (7 Apr. 1 1538 Op. 38-57 A&O [,000,000 1,000,000 $7 Oct. 1 1938 Op. 38-57 A&O i 1,000,000 1,000,000 128 July 1 1939 Op. 39-58 J&J 1 3 2,000,000 1,510,000 929 Feb. 1 1940 Op. 40-59 A&O 1 i 1,600,000 1,000,000 interest pavable hy City Treasurer, or Chase National Bank. SALEM. OREGON County Seat of Marion County. Incorp.; Oct., 1862. Population: 1910, 14,045; 1920, 17,679: 1930. 26.600. Railroads: So. Pace FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax Property ...... .........$33,394,066 Assessed Volue ._....................... 16,697,033 Bonded Deht een 929.000 Dated BONDS OUTSTANDING, As of Dec. 31, 1929 Int. Pay. M&N Issued SeWer oeereeeecenee... 1913 May 1 1933 “180,000 Refund ... eee ‘914 Jan. 1 1934 50,000 Refund ....... eee 920 Jan. 20 1940 it 000 Refund ................ 720 Oct. 15 1930 T0000 Fire Equip. .oceeece.. 923 Jan. 1 1933 500 Fire Equip. ........ 924 June 1 1934 000 Bridge ... TT Sept. 1 1947 =,000 Bridge ... . :8 Aug. 15 1930-4" “5.000 Bridge .. 929 Jan. 1 1930-49 000 Sewer .. ee M27 May 1 1930-37 90,000 Sewer .oooecreicceeeee.. 28 Sept. 1 1930-45 95,000 Sewer .oooooeeeeeeee 1928 Apr. 11 1930-48 95,000 SeWer wooceeecueeeaenee 1929 Jan. 1 1930-49 i 30,000 Incinerator ......... 1927 Oct. 1 1937 rrererneeees AKO L + Yo 40.000 Interest and ovrincinal vavable by Citv Treasurer. Salem. Ore Outstd. 96,000 50,000 38,500 20,000 13,500 16,000 30,000 35.000 00,000 30,000 95,000 95,000 30,000 10 000 THE DALLFS. OREGON County Seat: Wasco. Incorp.: 1857. Population: 1910, 4,830; 1920, 5,807; 1929, 7,000 1lest.). Railroads: TU. P, G. N. Industries: Flour Mills, Salmon Canneries, Shipping point for large volume of wheat. wool. fruit, live stock. FINANCIAL STATEMENT Est. Tax. Property. eee $15,000,000 Assessed Value ..... 6,500,000 Bonded Debt .__. 426.500 BONDS OUTSTANDING, Dur ~m Dated Sewer....... eee. 912 July - Gen. Imp... ...... 14 Jan. Gen. Imp.. = © Nov. Bridge...... .. Nov. Streets... Sept. Streets..... Mar. Streets...... Mar. Paving........... June Auditorium..... Feb. * Auditorium... “ly Auditorium... _. _1 Det. a Gen. Imp........ ... 25 Apr.15 193¢ Water.ccccececeeeeeeee. 1926 Mar. 1 1941 Hospital...cccoceueeoe. 1927 Mar. 1 1930 _— Auditorium........... 1927 Mar. 1 1930 reeeeeeee A &S Water Bonds (1926) payable by City Treasurer. Agent. New York City. Dec. 31, 1929 int. Pav Tr Issued Outstd. 35,000 65,000 = 700 2,000 00 5,000 00 4,000 00 27,000 fn 4,500 00 4.500 00 0,000 00 11,000 200 50,000 5 300 64,000 25,000 22,500 30,000 72,000 5,000 9,000 . 9 17,000 6,000 Other issues by State Fiscal THOMSON'S MANUAL WASCO COUNTY, OREGON County Seat: The Dalles. Organ- FINANCIAL STATEMENT, Dec. 31, 1929 ized: Jan. 11, 1854. Population: 1910, Est. Tax. Property......£40,000,000 16,336: 1920, 13,648; 1929, 15,000 (est.). Assessed Value ... ... ceeee 22,073,542 Area: 2,343 sq. mil. Acres Cultivated: Bonded Debt oe 696,000 591,840. Railroads: TU. P, G. S. Deductions— Sinking Fund oo ee. 23,100 Resources: Fruit, Vegetables, Cat- oe rle, Sheep, Wheat. Net General Debt.....cccceeeee. 0 672,900 BONDS OUTSTANDING, April 15, 1930 Int. Pay. Rate Dated Due R083Seeeosnecnnn. 1917 Jan. 2 1927-32 Serial ROADS 1922 Jan, 14 1942 J ROAAS.nnceee. 1922 Aug. 1 1927-36 Serial 20adS.eeeanee. "23 June 1 1928-37 Serial RoadS.cceccceeees w= 24 June 2 1929-38 Seria. R08dS..ocaecrreeenee 25 May 1 1930-39 Serial 20adS.oerereceeeee 1928 Nov. 15 1933-42 Serial Pe-rable bv Countv Treasurer. The Dalles. Issued Outstd. $ 26,000 $ 26,000 150,000 150,000 50,000 35,000 200,000 160,000 250,000 225,000 50,000 50,000 50.000 50,000 '&J 1 , 15 1 5 6 13 a YAMHILL COUNTY, OREGON FINANCIAL STATEMENT, Dec. 31, 1929 @st. Tax. Property.............$39,773,228 Assessed Value .coeoeoeeoseeeeeee 21,079,811 Bonded Debt .coooorcimmirmnaeeees 520,000 Sinking Fund ..eeceoenenea: 21,000 Net General Debto.ooooeeeee...$ 499,000 County Seat: McMinnville. Organized: July 5, 1843. Population: 1910, 18,285; 1920, 20,529; 1929, 22,5600 (est.). Area: 439 sq. mil. Acres Cultivated: 147,913. Railreads: S. P. Carlton & Coast, Willamina & Grand Ronde. 'Total Railroad Mileage: 86.59. Industries: About 20 sawmills, one pulp mill, 5 fruit and vegetable canneries, 2 walnut packing plants, 7 prune packing houses and about 100 prune dryers, two brick and tile plants, 2 handle factories, diversified farming including wheat, prunes, dairying berry growing, hogs, melons and tomatoes. BONDS OUTSTANDING, Dee. 31, 1929 Purpose Dated Due Int. Pay. Rate Issued QOutstd. RoadS.ccerernenneee. 1919 Aug. 1 1932 Op.24 M&N 1 5 $225,000 $ 85,000 RoadS..cccceeeeee... 1920 Mar. 1 1936 Op. 34 M&S 1 51% 105,000 105,000 208dSeeeecreeee. 1920 Aug. 1 1940 Op. 24 F&A 51, 396,000 330,000 Pavable at State Fiscal Agency, New York City. GOVERNMENT BONDS STATE OF WASHINGTON Capital: Olympia. Admitted to Statehood: Nov. 11, 1889. Population: 1910, 1,141,990; 1920, 1,356,621; 1929, 1,600,000 (est.). Area: 69,127 sq. mi. Acres Cultivated: 1.261.031. Resources: Leads all states in lumber production with annual cut of 7 billion feet. Standing timber estimated at 330 billion feet. State possesses one-sixth of potential hydro-electric power in U. 8. About 600,000 acres under irrigation in eastern part of state, producing fruit and diversified farm products. By dry farming approximately 1,500,000 bushels of wheat produced annually. FINANCIAL STATEMENT, Sept. 30, 1928 \"alue Aax. Property............$2,506,359,872 Assessed Value ...._ *,253,179,936 Bonded Debt ... 13,800,000 Floating Debt .... 1,003,781 Tot. ent RN3 787 BONDS OUTSTANDING, Jan. 2, 1930 Int. Pav Purpose Due Vets’ Bonus........... 1921 Feb. 1 1941 re Vets Bonus... .. 1921 July 1 1926- ee & *Cap. Bldg.... “26 Mar. 16 1946 nd} &E& +Cap. Bldg..... 26 July 19 1946 diet ¢Cap. Bldg.. 2€ Aug. 12 1946 cd Au Cap. Bldg..... .26 Oct. 20 1946 2.304 Cap. 3ldg.ccceeee.. 2927 May 1 1946 ceeceeeeeeee. Max aY *Bonds held by State Industrial Accident Fund. Capital Bonds are obligation against Capital Grant of State Timber valued at $22,000,000. Veterans Compensation Bonds to be retired by 12 mill tax levy. Interest pavable by State Treasurer, Olympia, Wash, or State Fiscal Agent, New York City. Rate 51% P Issued 15,000,000 5,000,000 1,000,000 600,000 200,000 £00,000 {00.000 ABERDEEN. WASH. In Grays Harbor County. Incorp.: May 12, 1890. Population: 1910, 13,660; 1920. 15,337; 1930, 21,707. Railroads: N. P., C.. M. & St. P,, O.-W. R. R. & Nav. Industries: Lumber and Shingle Mills. Pulp and Paper Mills, Fishing. FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax Property...........cc..... 20949 432 Assessed Value ....... 274,716 Bonded Debt ... 93,000 Floating Debt ............. 82,611 “7511 Total Debt _. Deductions— Rev. Bonds ....... Sinking Fund .. yi R79 08.131 Net General Debt. BONDS OUTSTANDING, April 30, 1930 Dated Funding .... .. '911 Junel 1921-31 Refunding ...... %11 Junel 1921-31 Wishkah Wa2(:r 15 Oct.1 1918-3¢ Highway .ceceee- 9 Dec. 31 1930-3¢ Water .occceevceeeeeeee. 723 Dec. 1 1925-4 Wishkah Bridge 925 July1 ~§27-4 Chehalis Bridge :926 July 1 ,9:z8-4.¢ Wyn. Water ...... 1927 July 1 1933-57 Wyn. Water ...... 1929 July 1 1958 Principal and interest payable by Fiscal Agent, New York Citv. issued Outstd. Serial 120,000 24,000 Serial 40,000 8,000 Serial 100,000 200,000 Serial 125,000 125,000 Seria’ 200,000 162,000 leria! 200,000 178,000 Je. lr 50,000 46,000 Serial «000,000 1,000,000 rervmeeeneee J &o o 50,000 50,000 City Treasurer. Aberdeen, Wash... or State ABERDEEN, WASH., SCHOOL DIST. No. 5 FINANCIAL STATEMENT, June 30, 1929 LIABILITIES Bonds Outstanding ...__. Warants ......_.. Surplus eee Building and Sites.... Equipment ..... Taxes Due ............. lash .... 375,000 129,171 700,469 Total ooo. col 640 Total nnn 221.204.6840 THOMSON'S MANUA1 BONDS OUTSTANDING, March 30, 1930 Dated | Due Int. Pay. Funding...cooccomeee. 1914 Mar. 1 1934 Op. 1 yr. M&S 1 Building ..ccoieeeeee. 1917 June 1 1937 Op.1lyr. June ° Building eee. £20 Sept. 1 1940 Op. 1yr. M&S Junior Hi........ © July 1 1924-43 Serial J&J A, J. West... July 1 1924-43 Serial J&J Building ..ccccee---- Oct. 15.7 928-45 Serial J&J Building..cccceeeeceees Apr.1 1927-46 Serial Apr. Building. .-ce-eceeiamman ( May 2 1947 Serial May Ruilding...c.cccceeemeeee. 1929 Dec. 10 1930-49 Serial Dec Pavable by County Treasurer. Aberdeen, Wash. Rate 514 2 Issued Outstd. $81,000 $20,000 36,000 36,000 22,000 13,500 50,000 30,000 00,000 50,000 22,000 19,500 28,000 26,000 «0,000 116,000 iR0.000 180.000 BELLINGHAM, WASH., County Seat of Whatcom County: Incorp. 1903. Population: 1910, 24,298; 1920, 25,520; 1930, 30,000 (est.) Railronds: N. P, G. N,, C. M. & P. S.. Industries: T.umber and Shingle Mills, Coal Mining, Portland Cement, Fishing. FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax Property. oeeweeeeeee-$35,133,104 Assessed Value ere. 17,566,552 Bonded Debt . —. 1,047,500 Floating Debt 65,724 Total Debt ..... Revenue Bonds ... .. Net General Debt. ,113,224 294.000 eee 719,224 BONDS OUTSTANDING, Dee. 31, 1929 "nt Pav Rate "34 ‘14 Purpose Dated Due Refund .....ceee... 1926 Apr. 1 1928-41 Serial Refund oo... 1926 Apr.1 1928-46 Serial General .oceee-ee 925 May 1 1940 Serial Fire Equip. ...... 926 June 1 1956 Seria’ El Ye Yo) - SU, 7 July 2 1937 Seria’ water .ooececoeeeenes £7 July 1 .929- Seria Water Pur. ...... 19z% Feb. 27 1946 Joie Wat. Bet. Bonds 1925 Apr. 1 1930-¢ Seria *To be paid by Bellingham Port District. Interest and principal of all issued paid by City Treasurer Issued Outstd. $ 80,000 $ 72,000 170,000 159,000 70,000 - 59,000 75,000 73,000 65,000 45,500 250,000 245,000 165,000 146,000 265.000 248,000 BELLINGHAM, WASH., SCHOOL DIST. No. 301 BONDS OUTSTANDING, April 1, 1930 Purpose Dated Due. : Int. Pay. Rate Issued Qutstd. Building...ccccceeeeene 1920 July 1 1946 Serial July 1 5 $75,000 $55,000 Building....ccocveeeeeee. 1920 Oct. 1 1943 Serial Oct. 1 5 60.000 47,000 Pavable by Countv Treasurer, Rellingham, Wash. CENTRALIA, WASH. In Lewis County. Ineorp.: 1890. Popalation: 1910, 7,311; 1920, 7,549; 1929, 3,000 (est.). Railroads: N. P, G. N,, U. P.. C. M. St. P. & Pac. Industries: Lumber and Shingle Manufacturing, Woodworking industries, Coal Mining. FINANCIAL STATEMENT, Dec. 31, 1929 Value Tax. Property. mee-$7,159,948 Assessed Value mioiiiennaes 3,579,974 Bonded Debt oiivemmmmnineeaiiaas 314,650 Floating Debt .. ieee 66,857 _..$ 381,507 Total Debt ..... Deductions— of Rev. Bonds ........ 000 Sinking Fund ...... ,0,2¢7 5 179,298 Net General Debto....cccceeeene.® 202,209 L I D Bonds Oustanding.......$ 211.892 BONDS OUTSTANDING, Dec. 31, 1929 Purpose Dated Due ' Int. Pay. Rate Issued Outstd. Refund....ccoeoveueis 1917 Oct. 22 1930 . Serial A&O 22 5 $ 22,150 $ 2,150 Funding...coceeceeoe.. 1914 May 1 1934 weeeeseee MEN 1 5 117,000 117,000 SEeWeT.ooeeeeeemeee. 1924 Sept. 1 1944 Serial M&S 1 43 60,000 51,500 Water neeae 1913 May 1 1938 Op.28 .M&N 1 6 300.000 144,000 GOVERNMENT BONDS CHEHALIS, WASH. . FINANCIAL STATEMENT, Dec. 31, 1929 Value Tax. Property..................$5514,250 Assessed Value 0 2,772,125 Bonded Debt 138.500 Deductions Rev. Bonds .. Mash . County Seat of Lewis County. Incorp. Sept. 22, 1890. Population: 1910, 4,507; 1920, 4,558; 1929, 5,000 (est.). Railroads: N. P., G. N,, U. P,, C. M. St. P. & Pac. Industries: Lumbhe. Manufacturing, Dairy Products, Milk Condensery, Agricultural Center. 1.1... BoONAS ....comemmmmpmiisssissmisass [..I.D. Cash and Rolls Rec...... Toeneral “Yeu 2.459 BONDS OUTSTAND: TY I Th. « 1, 1929 Purpose Gen. Ref.. Water........ . General. ......... - Fire Equip.... Water... . ...... Dated Jue 192% 195 9? 19. 0 192()-5 {ssued 23.000 707000 20,000 35,000 SO.000 Outstd. $ 8,000 35,000 8.000 27,500 60. 000 7 1. Jan. ELLENSBURG, WASH.. County Seat of Kittitas County Incorp.: 1886; surrendered to State 1894. Population: 1910, 4,205; 1920, 3,910; 1930, 4,621. Railroads: N. .’ and C. M. St. P. & P. Industries: Agriculture, Dairying, Sawmills, Sheep and Wool, Stock Raising. NOTE: City has 31% mill levy for redemption of bonds; 11% mill levy for bond interest and 1 mill levy for in-Jebtedness FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax. Propertv. eee... $5,363,804 Assessed Value 2,681,902 Bonded Debt . 257,748 Floating Debt 43.930 Total Debt Deductions Rev. Bonds .. Sinking Fund ... Net General 201 678 ’R3 . R93 BONDS OUTSTANDING, Dec. 31, 1929 Purpose Dated - June 1 Dec. 1 Feb. 1 Det. 3 Dec. Oct. Sept. 1 Due .t. & Sewer. 1931 Refund ..... 1931 Funding ...... 16°7 Lt. & Power 1¢-Lt. & Power... 197 Water Rev. .._._.. 16%. Light Rev. ........ 1% 1928-¢ Interest and principal pavable by Citv Treasurer or York Citv. Serial Serial Serial Int. Opt. Neri. Serial Int. Pay Je Outstd. rT 70,000 29,000 20,000 24,000 24,000 35,748 55,000 State Fiscal Agent, New EVERETT, WASH., County Seat of Snohomish County Inc.: 1893. Population: 1910, 24,862; 1920, 27,614; 1929, 37,000 est. Railroads: N. P.-G. N, C. M. & St. P. Industries: Lumber Mills, Paper and Pulp Mills, Iron Works, Fish Canneries, Fruit Cannery, Dairying Center, Egg and Poultrv Center, Etc. FINANCIAL STATEMENT, Dec. 31, 1929 Est. Property .... $50,000,000 Assessed Value 17,000,000 Bonded Debt 1,249,000 Floating Deb 60,000 Total Debt .... 2.309.000 Deductions-Rev. Bonds ... Sink. Fund .............. Net General Del $1,275,000 31.034.000 BONDS OUTSTANDING, As of April 1, 1930 Purpose Dated Due G. Funding .. 1911 Jan. 1, 1931 Park ..ooee ‘922 Mar. 1, 1942 City Hall _. n28 Serial 1948 G. Water _.... 16 Junel,1936 G. Water ....... 29 Serial 1959 Water Rev. ....... 416 Serial 1936 i. Water Rev... 1923 Serial 34-38 2nd Water Rev, ........ 1930 Serial 35-45 3rd Pavable bv City Treas. and State Fiscal Agent, New York f.ien Int, Dates Rate T Amt. Is. Dutstd. 613,000 182,000 50,000 50,000 150,000 150,000 600,000 537,000 800,000 800,000 ..,025,000 480,000 + 350,000 350,000 1.200.000 1.200000 THOMSON'S MANUAL EVERETT, WASH., SCHOOL DIST. No. 24 FINANCIAL STATEMENT, June 30, 1929 LIABILITIES Cash Valuation ssp pore eentbe en amsnnniin E Taxes DUE ceereremmcaamamnnamcaananenns Sonn , Buildings & Equipment... © 693,01% TOtal eooeeeaiiteecaenane $1,918,726 ASSETS BONAS comoeeeeeecreeemeceeeenanecemeameeee-$ 413,000 Warrants .......... memmmnne 66,750 Surplus eee eee. 1,438,975 Total ....... een. $1.918,725 ‘BONDS OUTSTANDING, Mar. 1, 1930 Purpose Dated Due Int. Pay. Rate Issued Oustd. Junior Highoooceoeee 1924 July 1 1926-54 Serial J&J 1 43, $435,000 $405,000 Interest payable bv County Treasurer or State Fiscal Agent, New York City. GRAYS HARBOR COUNTY, WASH. County Seat: Montesano. Population: 1910, 35,590; 1921, 44,572; 1929, 50,000 (est.) . Railroads: N. P, G. N, I. P.. C. M. St. P. & Pac. Industries: Timber, Fishing, Agri-~ulture. FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax. Property..............872,484,092 Assessed Value wwceoeeienee 36,242,046 Bonded Debt ..... v_—— 696,000 Floating Debt ..... 112,759 808,759 43,737 765.022 Total Debt .. Deductions— Sinking Fund o.oo. eee Net General Debtoccooceeeea.$ BONDS OUTSTANDING, Dec. 31, 1929 Purpose Dated Due Int. Pay. Rate Issued Outstd. R0O8A .cceemeeoomeeeee 1920 May 1 1940 Serial M&N 1 51% $650,000 $362,000 Road wooeooeereemeee 1921 July 1 1941 Serial J&J 1 6 550,000 334,000 ‘nterest payable by State Fiscal Agent. N. Y. City. HOQUIAM, WASH. In Grays Harbor County. Incorp. Population: 1910, 8,178; 1920, 10,058; 1930, 12,758. Railroads: N. P., C. M. St. P. & Pae., U. P. Industries: Lumbering, Woodworkng, Pulp and Paper, Shipping. Located at mouth of Chehalis river on Grays Harbor. Large ocean steamers load "1111 lumber cargoes. FINANCIAL STATEMENT, Dec. 31, 1929 Value of Tax. Property............$12,417,630 Assessed Value .eiiiccinanne 6,208,815 Bonded Debt .occciimmmiraoneaens 1,394,000 Deductions— Rev. Bonds .cocrummcroeenee Net Bonded Debt.............$ BONDS OUTSTANDING, Dec. 31, 1929 nt. Pay. Rate Issued Outstd. J&D 1 51% $115,000 §$ 22,000 TD 1 414 149,000 149,000 SJ&J 1 5 250,000 242,000 41 80,000 80,000 41% 100,000 100,000 6 600.000 600,000 Purpose Dated Due funding....ccoocmeeee. 1911 June 1 1921-31 PUNAiNg..oereeemeene 1917 June 1 1937 23 Qs 1-4 I —— 926 July1l "28-86 Sity Hallooeeeeeeee. 928 .930-4¢ Water GeNu.oeeeeeeee. 928 1930-456 AT At Or ooooeooeseneee 1929 1949 HOQUIAM, WASH., SCHOOL DIST. No. 28 BONDS OUTSTANDING, Dec. 31, 1929 Int. Pay. Rate Op. lyr. Sept. 1 414 Serial Jan. 15 5 Serial Jan. 15 R Serial Dec. 1 43 Serial Apr. pe Seria: Apr. .5 Purpose Dated Due Building. -ccoccceemeeeee 1913 Sept. 1 1933 Fround...ccooeeeeeee 1923 Jan. 15 1924-43 Funding...ccccceeemmeee 1923 Jan. 15 1924-43 Building...cccceeaeeees 1924 Dec. 1 1925-44 Building ...cccceeerameame 1926 Apr.1l 1927-46 Building. ..ccceeeecmeeems 1929 Apr. 15 1930-49 Issued Outstd. $ 90,000 $ 50,000 10,000 8,000 25,000 20,000 75,000 64,000 85,000 79,000 110,000 110,000 TOTAL ..... a ..2331.000 GOVERNMENT BONDS KING COUNTY, WASH. FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax. Property.......... 740,436,904 Assessed Value _......... ~70,218,452 Bonded Debt .. 7,443,350 Floating Debt 168.000 County Seat is Seattle. Organized: 1853. Population: 1910, 284,638; 1920, 389,273; 1930, 455,000. Area: 2,111 sq. mil. Acres Cultivated: 150,000. Railroads: N. P,, G. N, U. P, C. M. St. P. & Pac., Pac. Coast Ry. industries: Lumbering, Fishing, Coal Mining, Agriculture, Poultry Products. Seattle, the county seat, is a city of 360,000, and an important world seaport, with a variety of manufacturing industries. Total Debt . Deductions— Sinking Fund «11.380 32.138 Net General Deb. BONDS OUTSTANDING, Dec. 31, 1929 Int. Pay. Rate 7 {9.212 Purpose Issued Dutstd. Ct. House Ref... $200,000 $20,000 Refund ... ___.... = 000 14,000 (1)Harbor ........ ¢,000 300,000 (1)Court “ouse J 000 285,000 {1)Court Iouse ~~" 000 175,000 (3)Court Iouse noo 300,000 (2)Court House . J00 244,000 (2)Court House Jov. 000 256,000 12) Votg. Mach. Dec. 2.000 102,000 (3)Votg. Mach. Dec. “,000 10,000 (1)Votg. Mach. Mar. - 1,740 8,000 (3)Votg. Mach. Mar. “7,281 53.500 (3)Votg. Mach. Nov. .,850 13,850 (1)Sand Point .. June 6,000 26,000 (1)Sand Point .. Jan. 2 ..000 25,000 (3) Airport ...._.. Jan. "000 91,000 (3)Airport .._..... Mar. ! 5,000 100,000 (2)Hospital ...... June ~ J2.000 300,000 (1)14th Av. Br. Nov. “C000 78,000 (3)Roads .cceeeeeee Se’ 300,000 300,000 (1)Roads .......... May 500,000 500,000 (1)Roads .......... Feb. 000,000 ,000,000 (2)Roads .......... Apr. 300,000 300,000 (1) Roads .......... Feb. . q 250,000 250,000 (1)Roads .cccceeeee Feb. 1 193% 250,000 250,000 (1)Roads .......... 1918 Junel 1938 a 100,000 100,000 (1)Road .......... 1919 Junel 1939 eran J E&I 300,000 300,000 Pavable (1) County Treasurer or State Fiscal Agent, N. -». City; (2) hv State Fiscal Agent. New York Citv: (3) County Treasurer, Seattle. Wash. MONTESANO, WASH., County incorp.: 1884. Population: 020. 2,158; 1930, 2,426. Railroads: W. R. & N, C. N. & St. P. Industries: Lumber, Shingles, Berry, Dairying, Small Fruits. Diversified Farming. Seat of Grays Harbor County FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax. Property... eee ee31,694,396 Assessed Value .. .. B47,198 Bonded Debt . 45,300 Floating Debt None 15 300 Total Debt Deductions Sinking Fund 5.831 <9 469 Net General Debt... BONDS OUTSTLNLIND “T=¢ 31, "029 Purpose Dated . Due City Hall . 1920 1950 Sewer ..o..cceeeeeeee... 1928 19.. *Held by city. acct. cemetery fund Issued Outstd. $15,000 $ 5,300 43.000 10,000 FOR THE POCKET - Universal Bond Values, $5.50 Standard Bond Values, $6.00 Adequate Bond Values. 36.50 Monthly Bond Values $75.00 ACME Bond Values, $35.00 . Adequate Bond Values, $18.00 Special books on Serial Bonds, Annual Interest, Etc. THOMSON’S BUSINESS BOOK SERVICE Seattle. Wash. FOR THE DESK - - THOMSON'S MANU MOUNT VERNON, WASH., County Seat of Skagit County wy 1890. rIpulation; 1910, 2,- FINANCIAL STATEMENT, Dec. 31, 1929 381; 1920, $841; 1929, 4300 (est). Ralls pst. Tax. Property... ......$4,500,000 Indusiricsn ME Condsnaarien Fruit Assessed Value —ooocoocccnccceeenn. 1,891,422 and Vegetable Cannery, Poultry. Tribu- ; tary Resources: Dairying, Seeds, Veg- Bonded Debt iii 52,500 stables. Fruits. Sugar Beets. i Floating Debt ccoiiiiiiiaieeas None BONDS OUTSTANDING, Dee. 31, 1929 Purpose Dated Due Int. Pay. Rate Issued Outstd. City Hall .cceeeee.. 1920 Apr. 1 1931-40 Serial A&O 1 534 $19,000 $19,000 Fire EQUIP eee. 1920 Apr. 1 1931-40 Serial A&O 1 53, 16,000 16,000 Viaduct .ooeeeeeeee. 1929 Aug. 1 1931-39 Serial F&A 1 5 17,500 17,500 Local Imp. Bonds—All Issues. eeeeeesns 6&7 311,009 54,049 Interest and principal on all Gen. Bonds payable bv City Treasurer or State Fiscal Agent. N. Y. PORT ANGELES, WASH., County Seat of Clallam County Incorp.: June, 1890. Commission FINANCIAL STATEMENT, Dec. 31, 1929 orm of government. Population: 1910, Act. Value Tax. Property........$8,100,000 2,286; 1920, 5,351; 1930, 10,052. Rail- Assessed Value eee 4,051,352 roads: C. M. St. P. & Pac.,, Port An- Bonded Debt .... cee 346,000 eles Southern. Moating Debt .......... 9.518 Industries: Lumber Mills, Pulp and } Fra Paper Mills, Dairy Products, Agricul- Total Devt eo § 355,518 ture. City has sheltered salt water Rev. Bonds co... .. $810,000 harbor. Steamers load lumber and pa- —— per products for all parts of world. Net General Debt.................$ 55,518 BONDS OUTSTANDING, Jan. 1, 1930 Purpose Dated Due nt. Pay. Rate Issued QOustd. Refund.....cceeeeceeeee 1912 Feb 1 1932 Serial F&A 1 51% $ 30,000 $ 21,000 Funding................ 1928 Feb. 1 1938 Serial F&A 1 41% 15,000 15,000 Water ReV............ 1924 Sept. 1 1938-44 Serial M&S 1 514 . 310,000 310,000 Water ReVooceeeeeeeee. 1930 Jan. 1 1960 Serial J&J 1 6 800,000 800.000 Interest pavable bv City Treasurer, Port Angeles. Wash. PIERCE COUNTY, WASH. se yunty Seat: Tacoma. 5 Organized FINANCIAL STATEMENT, Dec. 31, 1929 1889. Population: 1910, 120,812; 1920, 165.256 144.127; 1929, 160,000 (est.). Area: 1,701 Bl. Tak Property........-$208, 160.850 sq. mil. Railroads: N. P., G. N., C, M. Assessed Value oc 200,900 St. P. & P., U. P. Bonded Debt iinet 3,301,900 Resources: Lumbering, Fruit Grow- i i 197,742 .ng, Coal Mining, Fishing, U. 8S. Army Floating Debt _ Fort Lewis. Tacoma, the county seat, is a city of 106,000, with a variety of Total Debt mon eee 3,499,642 manufacturing and commercial interests. Purpose Issued Outstd. Army Post ...... £800,000 $800,000 Road enna 000,000 1,000,000 Road - "000 220,000 Road .. . (,000 146,000 Road ..... 01,000 401,000 Road .......... 01,000 101,000 Mid. Sum. © a 21,500 Day. Is. wee. 14,000 Hunt Rd. .......... 4,000 Taylor Way ...... vr 2,500 Interlaken ....... det 1,800 Waterway No. 1 le- = 26,000 Port coon smssmmpsssees Pe A 1,500,000 1,500,000 Port ....... ert. . 3 100,000 100,000 Port eceeeeeeeees © Se t. a Vv 2S 300,000 900,000 Votg. Mach. ... feo. 1 30-- .... meb.1 62,000 62,000 Hyvlebos Dike .. “ June 3° "36 Serial June 30 63.500 63,500 Drain No. 16... “22 July1l -939 Serial J&J 1 13,500 Drain No. 17...... 1923 July 17 1939 Serial J&J 1 ; 5,000 water o.oo. 1926 Jan. 15 1939 Serial Jan. 15 6 -28,000 Airport eee... 1929 Apr.1 1949 Serial Apr. 1 414 150,000 150,000 AIrpOrt eeceeeee... 1929 July 1 1949 ~ Serial Julyl 43; 100,000 100,000 Principal and Interest payable by Countv Treasurer, or State Fiscal Agent. N.Y BONDS OUTSTANDING, Dec. 31, 1929 Int. Pay. Rate Nov. 1 a J&N 1 : VES 1 b-5Yy M&S x FA J 2 GOVERNMENT BONDS PUYALLUP, WASH. Incorp.: Aug. 19, 1890. Population: FINANCIAL STATEMENT, Dec. 31, 1929 . g . - Est. Tax. Property. k5,885,032 1910, 4,544; 1920, 6,323; 1930, 8,000 (est.). A RCOEREd Valle Ta42'518 Railroads: G. N.,, N. P.. UC. P, CC. M. & Bonded Debt ....... 72.000 St. P. Floating Debt _... 1.399 Industries: Fruit Canneries, Lumber Mills, Berry Growing, Poultry, Truck Gardening, Dairying, Bulb Growing. Net General Debt... BONDS OUTSTANDING, Dee. 31, 1929 Purpose Dated Due Int. Pay. Rau Fire Truck ..... 1921 May 1 1931-41 Serial M&N 1 6 water ...ooeeeeee.... 1922 July 1 1927-36 Serial J&J 1 514 L.I.D’s—All issues. } Principal and interest paid bv City Treasurer 399 000 19. 200 Issued $15,000 75000 Qutstd. $15,000 57,000 76.017 RAYMOND, WASH. in Pacific County. Incorp.: 1907. FINANCIAL STATEMENT, Dec. 31, 1929 Population: 1910, 2.450; 1920, 4,260; : AE - “tv 3.885.878 1030, 3.212. Railroads: N. Pl CM. SU batessod Varaper tm oe EO P & Pac. Bonded Debt ..... 203,000 Floating Debt . 15.204 04 Industries: I.umber and Shingle Manufacturing, Sash and Doors, Peves and Crates. Deep water harbor Total Debt Deductionseee LA at Sink. Fund ...... _.754 T4109 $329,863 Net General Debt 0 DS OUTSTANDING, Dee. 31, 1929 Int. Pay. Rate «1 51; Nid 7K A I. T » Bonds L I D Cash... I. I D Tax Rolls 50 4 od ared Due Funding... 413 Nov 1 1933 Op. 18 Water Gen 915 May 15 1935 Op. 20 Fire Hall... 1926 Aug. 1 1946 Seria Library................ 1928 Aug. 1 1948 Seriai Pavable at Fiscal Agency. New York [Issued * £9,000 117,000 25,000 25 000 Outstd. 3 40,000 117,000 21,000 25.000 SEATTLE, WASH... County Seat of King County Ie Jan. 14, 2553. Population: FINANCIAL STATEMENT. Dec. 31, 1929 1910, 237,194; 1920, 315,652; 1930, 363,134. - c . 318,713,219 Railroads: Western terminal of Nor. Vohee Tax Property meee 318.32 Pac., Gt. Nor.,, Ch. Mil. St. P. & Pac. Assessed Value ...... ........... 303290734 Also entered by U. Pac., Pac. Coast R.R. *Bonded Debt ....... 19,958,500 Industries: Deing closest U. S. port to Floating Debt 611.584 Orient city enjoys large foreign commerce. Also 95% of Alaska trade is handled over docks. Harbor is spacious: improved with modern docks and warehouses, over which 8,815,956 tons of cargo were handled in 1928, consisting of lumber, wheat, canned salmon, fresh and canned fruit and manufactured goods. Within the city is located the largest airplane factory in the world; also large flour mills, lumber and shingle mills, furniture factories, men's and women's clothing factories eee $15,212,054 *Does not include debts of city utilivies, $44,793,000, which are covered in Public Utility section of this manual. Debt limit is 5% of assessed valuation for water, light and sewer and 50% for general purposes FOR THE POCKET - - Universal Bond Values, $5.50 Standard Bond Values, $6.00 Adequate Bond Values. $6.50 Monthly Bond Values $75.00 ACME DBond Values, $35.00 . Adequate Bond Values, $18.00 Special books on Serial Bonds, Annual Interest, Etc. THOMSON’S BUSINESS BOOK SERVICE [eattie Wasa FOR THE DESK - - be. ~ THOMSON'S MANUAL BONDS OUTSTANDING, Dee. 31, 1929 Int. Pay. Rate 1% 11% 5 Purpose Dated Light “G" ..cccceeeeeee. 1910 Mar. 1930 Parks ..... ..c.....” 1910 Mar. 1930 3allard ..... eee 910 Mar. 1930 Water ............ 110 July 1930 Refund ...... .ce.... 9310 July “11-50 City Hall ............ 510 Dec. - A Parks .cc.ccceccceeeeee. $70 Dec. L Garbage ......c.... 70 July © -30 Light “G” ....cccceeee. §11 June ih Parks —ccccceeevvcceenee. 4 June . Georgetown ........ June _ Refunq ...ccccevceeeeee July 1712-31 Water ooo... coal July fe General ..... oso Dec. e381 Water ....ccoceceeeees ) Jan. 7 fight “H"” ........... * Jan. 2 Parks auueve-osoessess 7 Jan. £59 Refund .....ccccccceeee.. .- a APT. 112-32 Sewer Ref. ...c....... 712 July 12.32 Water Ref. .......... 112 July Tn-32 Park .oceeeeccccvenenee. "12 July J Light eeceeeeceeaeeeee 13 July -33 Serial *Railway .ccceee-ee. 913 May y ermae——ann water occeeeeeeeeeeeee. 914 Jan. 4 AREER Water Tun. ......... 914 July 4 camann mn Light 217 cocnnins 914 Oct. J, Hospital .............. 914 Oct. £-32 Serial Bridge “A” ......... 1915 Apr. 6-35 Serial Bridge “B” ......... 1515 Apr. 6-35 Serial Railway ..cccccow-.... 1915 Apr. 9 SEAR Bridge “B" ...ccce.... 1917 July "8-37 Serial Railway .cccccceeee... 1918 Apr. o © mmm Bridge “B” ..cee... 319 Jan, 30-39 Serial tShilshole ............ 1920 Dec. 26-40 Serial Shilshole’18 ........ 1923 Sept. 29-43 Serial Beacon Hill ......... 1923 Dec. 25-53 Serial tGen. Imp. ..._...... 1974 May 26-54 Serial Bridge “C” cecoeeeee. 124 May 26-54 Serial Park ..occcccececcceeeeeee. oH Apr. 127-55 Serial Gen. Imp. ccceeeeeee. 925 Apr. 127-55 Serial Bridge “D” .......... 925 Apr. 927-55 Serial Gen. Imp. «cccceeaeee. 926 Mar. 1928-56 Serial Sewer Ref. ........ 927 Mar. 929-47 Serial Gen. Imp. .ccceeeeeee. 227 Apr. 929-57 Serial Gen. Imp. «cccceeeeeee. 08 June 1930-58 Serial *Auditorium......... ‘¢" Mar. .930-52 Serial SEWEr .eoveeeneeee July 930-4" Serial Bridge “E” ...... 9 Oct. ‘931-% Serial Bridge “F"" ......... 9 Oct. 651-5 3erial Jen. IMP. cceeceeeiee 2929 Oct. 1 1929-49 Serial = spayable by State Treasurer, Olympia, Agent. New York City. Issued Outstd. 200,000 $ 200,000 500,000 500,000 65,000 65,000 500,000 500,000 855,000 62,000 300,000 300,000 500,000 500,000 00,000 20,000 ~0,000 100,000 *20,000 1,000,000 3,000 46,000 60,000 46,000 »80,000 580,000 50,000 24,000 200,000 500,000 +950,000 ,000,000 50,000 500,000 55,000 123,000 +90,000 37,000 205,000 35,000 500,000 500,000 104,000 89,000 200,000 300,000 {5,000 75,000 00,000 300,000 00,000 £00,000 25,000 39,000 292,500 197,500 90,000 60,000 +25,000 125,000 200,000 160,000 »560,000 350,000 "45,000 245,000 270,000 198,000 10,000 03,000 150,000 28,000 300,000 56,000 500,000 289,000 130,000 107,000 300,000 ~84,000 500,000 472,000 540,000 521,000 000,000 966,000 520,000 511,000 ,300,000 1,300,000 Re 900,000 900,000 “=X 1,125,000 1,100,000 & 1,100,000 1,100,000 J 500,000 500,000 A&C © b 120,000 120,000 Wash. All other issues by Fiscal SEATTLE, WASH., School District No. 1 pi pulations 1930, 352.008. Win, FINANCIAL STATEMENT, June 30,1929 aily Attendance: 1929, 54,119 pupils. iSthnn......$308,000,000 ems 13.668 mills, of which Assessed Value Dist BE : 3 Total School AssetS............... , , 3.003 applies to bond retirement and d Debt 10.125.000 interest. Financial Record: From Bonded Debt .....cocoe oemeoeoee '984.992 Lai to Jams i, 1930, district has re- Floating Debt nd. tire v 7 in bonds as they have matured without resorting to refund- Total Debt ... 11,109,992 ing. Surplus coe oer 10.695.458 BONDS OUTSTANDING, June 30, 1930 Due Int. Pay. 1912-31 Serial 1931 1914-33 1916-34 1916-34 1918-36 1918-36 1918-36 1919-37 1922-59 1923-60 1923-60 Dated eececeeeceenme 1911 Mar. 1 .... "71 Mar. 1 © eww. 13 Mar.1 eeeeeeceeeee 14 Apr. 1 rreeeeee 1315 Apr. 1 reereee eee 38 Apr.1 emeeeeaneee-16 Mar. 1 eeeeeeeeee "16 Sept. 1 eeermneaeeeee M17 Apr.: ws menenmmnn FTE 20 Oct. 1 eeameeneee +320 Oct. 1 Co. 1°20 Oct. ? Oustd. 30,000 100,000 69,000 76,000 36,000 103,000 221,000 204,000 396,000 167,000 549,000 266 000 Series 1° Series’ Series Series Series Series’ Series Series Series Series 1 Series’ aries GOVERNMENT BONDS Series’ Series | Series’ Series’ Series Series Series Series’ Series - Series © .... Jeries 0 9! a3 July 1 Aug. 1 May 1 May 1 uly! “EM, 1921-61 1924-61 1927-46 1946-50 1928-51 929-38 938-52 929-F° can-t qg23 Serial Serial Serial Serial Serial Serial Serial Seria’ seria’ Jeria Nari J &J A&C M&K Ty oy r $75,000 125,000 09,000 1.000 "000 e00 .000 2,000 £0,000 350,000 DOD. O00 558,000 119,000 507,000 291,000 393,000 25,000 51,000 112,000 80,000 .50,000 N0o.000 $10,774,000 Interest and Principal payable by County Treasurer of King County, Seattle, Wash. or State Fiscal Agent, N. Y. City SPOKANE, WASH., County Seat of Spokane County Incorp.: 1881. Pepulation: 1910, 104,-$02; 1920, 104,437; 1930, 115,514. Railroads: N. P.,, G. N, O.-W. R. & N.. C M. St. P. & P, S. LL Industries: Hydro-electric Power, Flour Milling, Foundry-Machine Shops, Sawmills, Mfg. Building Material; Food Products, Wholesale and Distribution, Stock Yards. FINANCIAL STATEMENT, Dee. 31, 1929 Est. Tax. Property................. 173,957,330 Assessed Value 26,978,625 Bonded Debt ..... 7,530,600 Floating Debt 213.043 743.643 © 280,948 62,695 water roux. 15 Not Net General Debt... *General Obligation zo revenue bonds. **Water Sinking "on included Ww BONDS OUTSTANDING, Dec. 31, 1929 Mt, Pax Purpose Water _... Refd. We" Refd. Ge Parks Bridge Bridge Bridge Bridge tHillvar Dated 1910 Jan. 1 rr QOet. 1 Oct. 7 Jan. “uly can, “uly uly 1 Mav 1h tog 192° 92; £2 ‘ssued 100,000 100,000 nN, 000 000 ,000 0.000 £,000 300,000 10.000 Outstd. £400,000 500,000 700,000 375,000 115,000 100,000 500,000 134.000 7.600 <n 034 1930-36 1920-28 Se [Nerial 9Ii& iN Fund. & Impts. 1911 Dec. Impts. & Extns 1927 Oct. Impt. & Extns. 1927 Oct. Principal and Interest Fiscal Agent. N. Y. Citv Water Revenue Bondx 1930-31 Serial J&D 1 1932-36 Serial A&O 1 1 1937-41 Serial A&O 1 Pavahle bv (City Treas. - 1,250,000 199,000 RA 166,000 166,000 $1 234,000 234,000 All other issues bv State SPOKANE COUNTY, WASH. FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax. Property..................$244,120,030 Assessed Value 122,060,015 Bonded Debt ._.. 2,500,000 Floating Debt 17 QK§ County Seat is Spokane.’ Population: 1910, 139,404; 1920, 141,289; 1929 160,000 (est.). Railroads: N. P, G. N. C. M. St. P. & P, 8. P. & S. Industries: Mining, L.umbering, Ag riculture. Total Debt ... Deductions— Sinking Fund . 53 51 993.904 Net General Debt BONDS OUTSTANDING, Dec. 31, 1929 Dated Due int. Pay. Rate Issued Outstd. Roads .. ... 1921 Feb.1 1930-31 Serial F&A 1 5 $550,000 $250,000 Roads .............. 1922 Jan.1 1931-35 Serial J&J 1 5 650,000 650,000 Roads ...cccceeeceeee. 1923 Jan. 1 1936-40 Serial J&J 1 43 750,000 750,000 (1)Roads .......... 1924 Jan.1 1940-43 Serial J&J 1 4.4 850,000 850,000 (1) Principal and Interest paid by State Treasurer. All others by State Fiscal Agent in N. Y. City Na THOMSON'S "MANUAL SPOKANE, WASH., School Dist. No. 81 . District includes city of Spokane FINANCIAL STATEMENT, Dec. 31,1929 (Population 115,721) and town of Hill- Value of Property . ... .cceeeee-.$6,501,244 card. Value of Apparatus ..... ...... 756,308 : Bonded Debt .. er eee 1,718,000 Floating Debt ... —_ 100,517 .$1.818.517 ions ~ Cash ooireceneceeaeeee 450,193 Sink. Fund o.oo 791,381 $1,241,574 Net General Debt ieee. $ 576.943 BONDS OUTSTANDING, June 30, 1929 Purpose Dated Due Int. Pay. Rate Refunding .......... 1910 July 1 1930 J 13 414 Building ...... .. 1911 May 1 1931 ENT Yo Building ...... . 912 July 1 1932 - J Es Building ..... .... 917 July 1 1933 oy L 1¢ Building eccecceeee.. 1926 July 1 1927-44 Sei « Pavable at State Fiscal Agency. New Yorn Qutstd. $192,000 490,000 244,000 175,000 617.000 SNOHOMISH COUNTY, WASH. FINANCIAL STATEMENT, Dec. 31, 1929 Est. Tax. Propertv..............$175,000,000 Assessed Value eee 48,495,848 Bonded Debt .. .- 742,000 Floating Debt 185,259 927,259 25,880 901.379 County Seat is Everett. Population: 1910, 59,209; 1920, 67,690: 1929, 80,000 (est.). Railroads: G. N., N. P. CM. St. P. & P. Industries: Lumber, Paper, Fish, ~anneries. Poultry and Dairy Products. Total Debt ... Sinking Fund .. Net General Debt ........c.o.d BONDS OUTSTANDING, Dee. 31, 1929 . Purpose Dated Due Int. Pay. Rate Issued Outstd. Refund .o......... 1925 May 1 1930-36 Serial M&N 1 41% $1,050,000 $742,000 Principal payable May 1, 1930, $110,000; 1931, $116,000; 1932, $121,000; 1933. $127,-000; 1934, $132,000; 1935, $136,000. Pavable by Citv Treasurer or State Fiscal Agent in N. Y. City. TACOMA, WASH., County Seat of Pierce County Inecorp.: ..Nov. 8, 1883. Population: FINANCIAL STATEMENT, Dec. 31, 1929 1910, 83,743; 1920, 96,965; 1930, 106,000. Est. DR pT usmes Baa ilroads: N. P., G. N., U. P., C. M. St. Assesse alue . oe ,190, Railroads: N. P., G. N, U.P, C. M. St. 5513.4 Debt .. TT 15434781 P. & P. More than 20 steamship lines Floating Debt ... 690.157 to all parts of the world. —_ 2th Industries: Lumber Mills, Paper TAAL DOVE rece wenreree 16.124, Mills, Chemical Works. Food Products. Rev. Bonds .......%9,785,495 L.. I. D. Bonds.... 5,154,7c6 Jink. Fund ....... 1.685,358 Net General Debto............$ $ 13,595,589 2 £29 294 BONDS OUTSTANDING, Dee. 31, 1929 Purpose Dated Due Int. Pay. Rate Drainage ......... 9310 Aug. 1 F&A 41, Green River ......1t910 July 1 J&J Ya DOCK eeeeeceeeeeeeee. 1911 Jan. 1 TJ Refunding ..... '91. Apr. 1 C 11th St. Bridge 191? Jan. Puyallup Brdg. (912 Jan. 1 *Wtr. Ref. Gen. 113 Junel *Wtr. Ref. Rev. "313 June’ Refund .ceeeec..... 120 Feb. 1 Fire Alarm ...... :928 July . Fire Boat -....... |728 July Fire Station .... 1928 July Gen. Street ...... 1728 July Highway ......... 328 July Pub. Saf. Bldg. 1929 May 21st Bridge .... 1929 July } Dock ... oo... 1928 July 1 Issued $100,000 500,000 “05,000 “00 00 00 750.000 Outstd. $100,000 500,000 105.000 518.000 175,000 68.000 82.000 258,000 $83,000 20,000 71.500 7.000 .5,000 100.000 130,000 100,000 150.000 "0 100 00 ,000 75,000 00,000 30,000 .00,000 150.000 GOVERNMENT BON 1? Revenue Bonds int. Pav. Rate Purpose Dated Outstd. Light & 1924 Jan. 1 “000 3,185,000 Light © 929 July 1 +00 ,000,000 Light # 929 July 00 500,000 Water “19 Apr. 200 8,000 Water i Apr. 920-20 00 753,500 Water 6 Apr. C= 95 105,995 Water 6 Jan. Tes “000 _,000,000 Water . 428 Jan. man “o00 700,000 Garbage ... 1929 May i 931-36 200 80,000 Garbage “Tv .. 1929 July 15 938 14,000 17,000 Railway ............ 1918 Dec. 1 1930-33 600,000 318,000 Local Improvement Bonds, all iSSUeS............ oo ieaeeeeeeeenes meneeeeeeee $2,154,736 Principal and Interest pavable by Citv Treasurer or State Fiscal Agency, N. Y Due 1930-40 1932-36 936-42 1 Al * OMA, WASH., SCHOOL DIST. No. 10 TT ONITAL STATEMENT, June 30, 1929 LIABILITIES Bonds Outstanding ....................$2,442,000 Warrants cases 70,033 Surplus grams ps 716,627 Buildings & Equipment _.. Taxes Due _.. Mash Property Total __. 228.660 Total BONDS OVTSTANDING, March 31, 1930 Int. Pay. J&J 1 Dec 1 9292 660 Furpose Dated Due Series "F"........... 1916 July 1 1927-36 [Series GY 1922 Dec. 1 1926-49 Issued 400,000 2 300.000 Outstd. 280,000 2 162.000 VANCOUVER, WASH.,, County Seat of Clark County Population: 1910, 9,300; 1920, 12,637; FINANCIAL STATEMENT, Dec. 31, 1929 1930, 15,754. Railroads: Nor. Pac.; Gt. - % . Pr ot 13 9: 28 Nor.; Un. Pac. Industries: Lumber Value TA%. Proper eer el mills, pulp and paper mills, fruits and [3ynded Debt - "150.600 agrucultural products Floating Debt “1.903 LID Bonds is 1.1D Warrants ....... adic Total oie on. ~2 . - [.ID Cash and Rolls iio. 273,772 Net General Debt BONDS OUTSTANDING, Dec. 31, 1929 nt. Pay. Rate FeO fF re XO) Sink. rund 10 L93 Purpose Sewer Ref Sewer Dock o.oo... Warehouse ......... . City Hall _._......... 1925 Fire Equip oeeee..... 1925 Dated Du 1921 Apr. 6 1935 “21 Oct. 1 1° * © Sept. 1° Mar. 1 10: Oct. 15 1945 Alar 16 1940 Serial Seria! Serial Seria’ Serial Serial ssued 20.000 TT N00 ne yutstd. 8,000 33,000 0,000 "900 3,700 13.000 " ey ws 3uh VANCOUVER, WASH., SCHOOL DIST. N. BONDS OUTSTANDING, April 17, 1930 int. Pav Purpose Dated Due Buildings. 1912 Feb. 1 1932 Seria’ Buildings. 1919 July1.1¢°¢ seria Buildings. 921 July 25 3° ia. ig Buildings... 927 July 1 i: Ye Te Duildings............... 1928 July 17 193. Seria. a Paid bv County Tresaqunrer. Vancouver. Wash [ssued "100.000 74,000 36,000 75,000 50 000 Outstd. 10,000 52,000 15,000 "3,000 316 000 WALLA WALLA, WASH, County Seat of Walla Walla County Incorp: Mar. 1, 1862. Commission FINANCIAL STATEMENT, Oct. 31, 1929 form of government. Population: 1910, Value Tax Property . PR.ai0.0 19,364; 1920, 15,503; 1930, 14,752. Rail- Assessed Value 473, roads: N re Un. P tod “tore 3 Bonded Debt . 23.000 Is 2 or. C., . ac. u e%s Floating Debt 15.220 Agricultural center. Wheat production main crop. Total Debt LID Bonds .........% 356,338 LID Warrants .... 35936 § 392274 Lob. Bonds. [LID Cash ocean. 38,441 ’ Te LID Asst. Rolls _... 314,024 382,465 Net General Debt Pavable by City Treasurer. Walla Walla. Wash. THOMSON'S MANUAL BONDS OUTSTANDING, Oct. 31, 1920 Due Tnt. Pay. Rate Issued Outstd. ‘RJ 41, $ 40,000 § 40,000 a) 4.2 65,000 65,000 ’ 4-414 200,000 196,000 1 338,000 127,000 500,000 450,000 75,000 45,000 ! 50.000 50,00f Purpose Dated Refund .oococceeeeeee '912 Jan. 1 1932 City Hall woeeeeeee.. 928 Jan. 1 1943 .. 3eWer were. £57 July 1 1930-57 Ser. Vater ..ooceeeeeecie- 7 July 1 1937 Op. ’. Nater ...... J July -1 1941 Seria water ..o.oooccoeeeeeee , Oct. 15 1939 Op. '2¢ AJrpOrt ieee L929 Aug. 1 1931-5% terial - Pavable bv City Treasurer, Walla Walla, Wash WHATCOM COUNTY, WASH. Est. Tax. Property... ........$69,227,516 Assessed Value eee 34,613,758 Bonded Debt ... reeemnennmneene 162,500 Floating Debt ...... 63,492 225,992 10,634 915 358 County Seat: Bellingham. Population: 1910, 49,511; 1920, 50,600; 1929, 55,000 test.). Area Assessed: 406,977 acres. Railroads: G. N.,, N. P.. C. M. St. P. & Pac. Resources: Timber, Coal, Fisheries, Tom Agriculture, Dairying. Net General Debt... BONDS PQUTSTANDING, Dee. 31, 1929 Purpose Dated Due Int. Pay. Rate Issued Qutstd. Voting Mach... 1922 Aug. 1 1937 Serial Aug. 1 5 $30,000 $16,000 Highway ....... 1925 Feb.1 1935 Serial Feb. 1 41% 110,000 78,500 County Home .. 1927 July 1 1937 Serial J&J 1 41, 75.000 68.000 [nterest paid by State Fiscal Agent. N. Y. City. WENATCHEE, WASH., County Seat of Chelan County Incorp.: 1892. Population: 1910, FINANCIAL STATEMENT, Dec. 31, 1929 1,050; 1920, 6,324; 1930, 11,620. Rail- mst. Tax. Property.............-$15,000,000 roads: G&G. N Assessed Value -omooroeene 1,132,837 Co Bonded Debt ee coirioeeeceeacaeae 967,100 Industries: Fruit. Floating Debt eriiecaeeeee © 71,249 Co ..% 1,038,347 Total Debt ....... Deductions— Rev. Bonds ..............$281,000 Sink. Fund aeecccce.... 52,504 § 333,504 Net General Debto..occpereeeeen$ 704.844 BONDS OUTSTANDING, Dee. 31, 1929 Purpose Dated Nue Int. Pay. Rate Issued Outstd. Jeneral .._........ 1910 1930 5 $50,000 $50,000 Refund ..... ... 197° 1932 ; 9,500 9,500 fire Equi. .... 77 1932 21 15,500 15,500 Park ......... 1930-5 “1 15,000 15,000 Park .... ‘932 1 7,000 7,000 Fire Truc “06-7 “4 14,000 11,500 Park ........ 26 69,000 64,500 Water ...... “3 eee 4 27,000 27,000 fire. Sta. .......... ": 1-44 Seria. Yo 69,000 69,000 Water ............. 1Yu6 .948-46 Serial J&J 1 4 300.000 281,000 Pavable bv City Treasurer or State Fiscal Agent, N. Y. Civ YAKIMA, WASH., County Incorp.: 1886. Population: 1910, 14,082; 1920, 18,539; 1930, 22,069. Railroads: N. P. and U. P. Industries: Fruit Raising, Canneries, Lumber. Seat of Yakima County FINANCIAL STATEMENT, Dec. 31, 1929 mst. Tax. Property.....ce--$30,000,000 Assessed Value ......... cee ieeeee 14,079,231 Bonded Debt .......... ... 2,333,500 Floating Debt .ieeeers eee 75.551 reeen$ 2,419,051 Total Debt .... Deductions— Rev. Bonds ............31 f77 700 Jinking Fund ........ 053 $ 1,195,633 Net General Debto......$ 1.223.418 BONDS OUTSTANDING, Dee. 31, 1929 Dated Due Int. Pay. Rate Issued Outstd. 1910 Dec. 1 1930 J&D 1 5 . $30,000 $30,000 1910 Dec. 15 1930 J&D 15 5 60,000 60,000 1911 Oct. 15 1931 A&O 15 41% 50,000 50.000 Purpose Funding oo... S12) A) SEWET oon GOVERN ‘ENT BONDS Sewer .............. L919 eeieteeenan 350,000 350,000 (1) Funding .... 1920 RARE 17,000 17,000 SeWer ...oooceeeen.. 921 eens 80,000 80,000 Fire Equip. .... 924 Seria: 13,000 9,600 (1) Fire Equip. 1925 Serial 15,000 12,400 Gen. Water .... 1926 Serial 100,000 96,000 Gen. Water .... 1926 Seriat 350,000 333,000 Street Cross. .. 192% Jerial 150,000 148,000 City Hall ........ 1927 Serial } - 18,500 17,500 Spec. Water .... 1926 So. Serial » 1,050,000 1,050,000 Gen. Water .... 1929 1931-49 Serial 41; 80,000 80,000 Total L. I. D. Bonds, all issues, outstanding....... _. eo eeen..-$857.833 (1) Pavable bv City Treasurer. All others bv State Fiscal Agent, N. Y. Citv 1939 430 10641 MAN O 1 51. 3 PROVINCE OK BRITISH CO7 UMBIA, Dominion of Canada FINANCIAL STATEMENT, June 1, 1929 Assessed Val, (appre) ......$900,000,000 Total Dlonded Debt 77,482,736 Total Floating Debt "1,098,188 Capital: Victoria. Population: 1911, 392.480; 1920, 524, 582. Area: 372,630 sq. mi. Total Railroad Mileage: 5,280. Resources and Industries: Total estimated standing timber, 366 billion feet. Annual cut, 31% billion. In 1928 state received $3,933,396 gross revenue from Crown Granted lands and timber leases. Lumber manufacturing and pulp and paper making are among the chief industries. Total value of minerals produced in 1928, $65.372.583. Value of fish marketed, $25,926,000. Total value manufactured products in 1926, $2489,-619.000. Agricultural products in 1928 R58.664.243 Total Deir. .& 580.924 ead. IB Sink. Fund ...... 16,210,366 Net General Debt _. BONDS OUTSTANDING, Dec. 31, 1929 Due Int. Pay. Rate 72.370.558 Purpose Dated I¢sued Oustd. Inscribed Stock— Rev. Fund 1891 July Rev. Fund 1893 July Rev. Fund 895 July Rev. Fund 899 July Rev. Fund 1902 July Rev. Fund ... “4 Apr Debentures-Dyvking ............... 1897 July 1937 000 245,000 DyKing coceecceeeeee. 1899 July 1937 200 200,000 Land Board ......... 1917 Dec. 1937 )00 300,000 Land Board ......... 1918 Apr. | 1938 000 200,000 Land Doard ......... 1918 Nov. 1 1938 ,000 100,000 [Land Board ......... 1918 Dec. 2 1938 200,000 200,000 Rev. Fund .._......... 1919 Mar. 5 1939 2,00,000 3,000,000 Land Board ......... 1919 May 16 1939 300,000 300,000 P.& G.E.RY. ecceccc... "919 July 2 1939 ,000,000 3,000,000 Housing ............... 920 Dec. 31 940 361,500 1,361,600 Housing ............... 921 June30 .9: 340,000 340,000 P.& GE.Ry. c..cc.... 921 Aug.15 194] 2,000,000 2,000,000 Roads ....o.ccceceeee. 921 Oct. 1 194¢ 2.000,000 2,000,000 [.and Board ......... 921 Oct. 26 19: 2,000,000 ',000,000 Rev. Fund .......... 921 Junel5 19¢ 3,000,000 .,000,000 Various coceeeeeeeeeee. 923 June2b 1945 3.000,000 000,000 Various .o..eeeeeee... 923 Jan. 15,1948 2,000,000 ,000,000 Various .ooccocceeeee... 2924 Jan. 25 1949 2,000,000 5,000,000 Various ......o......... 1924 July 12 1939 2,000,000 000,000 Various aoceeeeeeece. 924 July 12 1949 T(042,300 042,300 Roads ..... 925 July 2 195¢ 00¢,000 000,000 926 Jan. 15 1951 “00,000 300,000 926 Jan. 29 193¢ 0,000 v,370,000 1927 Sept.25 1957 C7000 > 000,000 1927 Dec. 1 1957 "6,000 000,000 1927 Nov. 1 194: 0,000 310,000 1927 Nov. 1 195’ 690,000 590,000 1928 Oct. 1 195° ,500,000 3,000,000 1929 Jan. 23 196 5,417,000 3,417,000 1929 Apr. 25 195: 5 5,056,000 3,056,000 1929 Sept.24 195¢ 4 3,036,500 3,036,500 Treas. Bills ......... 1929 Nov. 25 1930 » el 3,000,000 3,000,000 Treas. Bills ......... 1929 Nov. 25 1931 reeeeeeeee M&N25 3,000,000 3,000,000 Ref. Tr. Bills ....... 1930 Apr. 2 1955 ceeeeeerenes AKO 2 142 3,000,000 3,000,000 Interest on inscribed stock payable by Glyn Mills & Co. London; Dyking Debentures of 1897 and 1899 by Provincial Treasurer, Victoria, B.C. All other issues bv Canadian Bank of Commerce. THOMSON'S MAN. A. VANCOUVER, BRITISH COLUMBIA Incorp.: 1886. Population: 1911, FINANCIAL STATEMENT, Dec. 31, 1929 100,401; 1921, 117,217; 1930 (Est.), 140,- Assessed Value Tax ..............$247,485,633 300. Railroads: Can. Pac. Can. Nat., yalue Sly Satake een hg Nor. Pac., Gt. Nor., Kettle Valley. In- onae ebt .. sees 2.300 dustries: City is chief shipping port Floating Debt ...... 2.759.676 for all of Western Canada. Possesses fine harbor with adequate docks and facilities for cargo handling. Vessels from all parts of world load lumber, grain, flour. Much lumber and flour manufactured within the city. Total Debt oo eaiieiiimananns Deductions Water Bonds ...$ 5,576,668 Loc. Im. Deb’s... 6,312,289 Sink. Fund ........ 13.699,901 $§ 25,588,858 Net General Debt coceveee.......$ 32,883.667 BONDS OUTSTANDING, Dee. 31, 1929 Due Int. Pay. Rate f&D 3% z Si Purpose Dated 316 Heatley Wf. 1898 Dec. |i 389 Cemetary ... 1901 Aug. 1 101 Hospital....... 1902 Jan. 31 102 Playground: 1902 Jan. 31 129 Parks ........ 1902 Oct. 1 126 Fire Hall .... 1903 Jan. 15 <7 Tail ..... .... 903 May 1 OtS wceeeeveeeee 2503 May 14 J ‘Tospitel .... 1904 Dec. 10 181 .ospitar .... 1904 May 20 306 fail ..cceeeeee.. 1905 July 543 .ncinerator.. 1906 Dec. 54¢ lark ....cc...... 1907 Feb. 603 ‘ridges ...... 908 Feb. 604 _Tospital ..... 1908 Feb. 635 Kire Hall .... 1908 Aug. 654 “xhibition 1909 Feb. 655 !'Tospital ..... 1909 Feb. 4 656 ark ...c....... .909 Feb. re 657 Park ........ .909 Feb. 9. € 658 Police Dept. 1909 Feb. 9/9 660 Zarbage ..... 909 Feb. 946 1563 3anitary...... 1923 Feb. :963 1614 Bridge ......... 7924 Feb. 1964 {656 Stanley Pk... 1924 July 1964 1692 Hospital .... 1925 Feb. 1965 693 Causeway .. 1925 Feb. . 1965 1734 Bath House. 1925 July { 1965 (763 Playground: "726 Feb. 1 1966 1792 Hospital... 926 Apr. 1 1966 1820 Hospital ..... 1927 Feb. 1 1967 1900 Fire Equip. 1928 Aug. 1 1968 149 3treets ........ 1892 Aug. 7 1932 182 treets ....... 1904 May 20 1944 508 Streets ........ 1905 July 1 1945 $502 ‘treets ....... 1908 Feb. 1 1948 652 _treets ....... 1909 Feb. 1 1949 1560 Streets ........ 1923 Feb. 1 1938 1615 Roads .......... 1924 Feb. 1 1939 1652 Roads ...cee... 1924 July 1 1539 1655 Main-Street 1924 July 1 7939 {690 Roads ........ .925 Feb. 1 1040 1732 Roads ..cce..... 925 July 1 7°40 1764 Roads ......... 926 Feb. 1 1941 1765 Roads ........ 926 T¥eb.1 1941 1793 Roads eee... 926 Aug. 1 194” 1794 Roads ocoeeeeee. 726 Aug. 1 1941 1823 12th Ave. .... 1927 Feb. 1 1°¢7 1824 Roads .......... 1927 Feb. 1 3¢ 1825 Roads coe... ‘927 Feb. 1 .° 1848 RoadS.cccee.... 927 Aug. .. 1849 Roads eco. 1927 Aug. ~ . (899 Roads ........ 928 Feb. . . 4 1929 Roads .c..... 928 Aug. 1945 146 Schools ....... 1892 Aug. 7 1737 147 Schools ...... 1892 Aug. 7 22 272 Schools ...... 1897 June 1 Sn 353 Schools§ ....... -900 July 1 1 40 146 Schools ....... 1903 May 14 “¢* 197 Schools ....... 1905 Feb. 1 .04t 529 Schools ....... 1906 Feb. 1 194° 549 Schools ....... 1907 Feb. 1 194° 550 Schools ....... 1907 Feb. 1 194% 571 Schools ....... 1907 Sept.23 1947 £05 Schools ....... 1908 Feb. 1 194% Issued $ 12,000 20,000 F500 000 noo "00 200 300 000 00 200 000 000 000 500 ,000 10,000 (0,000 28,000 255,000 22,000 «5,000 70,000 6,000 65,000 250,000 35,000 35,000 50,000 50,000 '50,000 75,000 95,000 00,000 350,000 150,000 300,000 100,000 200,000 200,000 120,000 200,000 200,000 250,000 250,000 350,000 200,000 25,000 200,000 450%,000 250,000 “E,000 .02,000 200,000 °8,000 ?3,000 5,000 2,000 “5,000 75,000 .00,000 05,000 25,000 45,000 42 500 Qutstd. $ 12,000 20,000 5,500 25,000 125,000 30,000 125,000 9,000 50,000 100,000 47,500 40,000 10,000 ~20,000 43,500 18,000 50,000 70,000 38,000 255,000 22,000 75,000 50,000 120,000 65,000 250,000 35,000 35,000 50,000 50,000 i50,000 75,000 95,000 100,000 350,000 150,000 200,000 100,000 200,000 200,000 .20,000 200,000 200,000 250,000 350,000 350,000 200,000 25,000 200,000 250,000 250,000 250,000 200,000 200,000 85,000 65,000 70,000 80,000 125,000 75,000 100,000 105,000 25,000 45,000 43.500 ammcmmeceny 5. zJ C&A &O T&A £.&0O \ &O 7 "N20 J A A “sh - 4 T no a A GOVERNMENT BONDS 606 Schools ....... "908 Feb. 1 1948 633 Schools ....... 908 Aug. 1 1948 659 Schools ...... 909 Feb. 1949 1562 Schools ...... 323 Feb. 1963 1694 Hastings Sc. 325 Feb. 1965 1695 Gordon Sch. 925 Feb. 1965 1762 School ......... "26 Feb. 1966 1821 School ........ 927 Feb. 967 1822 Schools ....... 927 Feb. La6 1850 Schools ....... 327 Aug. 946" 1898 Schools ....... 928 Feb. 968 1851 Tech. Sch. .. 927 Aug. "467 1931 Tech. Sch. ... 928 Aug. 1 968 148 Sewer .......... 892 Aug. 1932 339 Sewer .......... ‘899 Aug. 29 1939 166 Sewer ........ 1904 Jan. 28 194 531 Sewer ......... '906 Feb. 1 94 569 Sewer _......... 1907 Sept.23 1947 653 Sewer .......... 1909 Feb. 1 194¢ 1653 Sewer ......... 1924 July 1964 1691 Sewer .......... 1925 Feb. L965 1733 Sewer ......... 925 July 1965 1761 Sewer ........ 926 Feb. “066 1791 Sewer ......... 1926 Aug. 1966 1819 Sewer ......... 1927 Feb. 967 1896 Sewer ....... 928 Feb. 968 1930 Sewer .......... 1928 Aug. 968 126 Water ....... 1891 Oct. 931 127 Water ......... 891 Oct. 931 150 Water ......... 1892 Aug. 7 1932 151 Water ......... 1892 Aug. 7 932 319 Water ......... +899 Feb. 25 :92¢ 388 Water ........ 1901 Aug. 1 .941 498 Water ......... 1905 Feb. 1 04: 530 Water ........ "906 Feb. . [4 634 Water ......... 1908 Aug. J ¢. 1506 Water ......... 1922 Feb. 1 952 1561 Water ......... 1923 Feb. 1 1963 1654 Water ......... 1924 July 1 1964 1713 Water ........ 1925 Apr. 1 1965 1897 Water =. 1928 Feb. 1 14948 “&A Sy L ~ 2. ~ Oo 56,500 85,000 87,000 :~,000 05,000 05,000 320,000 100,000 50,000 270,000 150,000 165,000 .95,000 50,000 50,000 50,000 100,000 300,000 300,000 200,000 200,000 200,000 200,000 250,000 350,000 350,000 250,000 140,000 49,759 0,000 4,692 20,000 “0,000 0,000 «0,000 “0,000 "50,000 "0.000 ~0,000 «50,000 250.000 86,500 185,000 187,000 25,000 105,000 L05,000 320,000 100,000 50,000 270,000 450,000 365,000 195,000 150,000 150,000 150,000 100,000 300,000 500,000 200,000 200,000 200,000 200,000 200,000 350,000 350,000 250,000 £40,000 149,759 60,000 114,592 00,000 60,000 00,000 150,000 100,000 250,000 00,000 150,000 250,000 250 000 33 The BANK of CALIFORNIA NATIONAL ASSOCIATION Founded 1864 National Charter, February 5th, 1910 | COMMERCIAL— FOREIGN —SAVINGS —TRUST SAFE DEPOSIT VAULTS CAPITAL, SURPLUS & UNDIVIDED PROFITS EXCEED $17,000,000 This Bank acts as Trustee, Executor, Administrator, Guardian of Estates, Assignee, Receiver, Transfer Agent and Registrar of Stocks and Bonds and in every other fiduciary capacity for individuals, firms and corporations permitted to banks and trust companies by Federal and State laws. SAN FRANCISCO - PORTLAND - SEATTLE - TACOMA SECTION II. BANKS and TRUST COMPANIES Including all banks and trust companies in Pacific Northwest with combined capital and suprlus of $150,000 or more. BOISE CITY NATIONAL BANK, Boise, Idaho. HISTORY: Chartered under National Bank Act of 1886. Subsidiaries: Boise City Co.; incorporated Jan. 12, 1920 to deal in securities. Departments: General banking and savings. Members of: Federal Reserve, A. B. A.,, and Idaho Bankers’ Association. Correspondents: National Bank of Commerce and Hanover National Bank, New York: First National Bank, Chicago; Crocker First National Bank, San Francisco; United States National Bank, Portland, Ore. MANAGEMENT: F. F. Johnson, Chairman; G. A. Coffin, Pres.; Chas. A. McLean, Vice Pres. and Cash.; Thos. McMillan, Vice Pres.; J. S. St. Clair, Vice Pres.; Bertie Estes, H. H. Morton, J. A. Robinson, Asst. Cashiers. DIRECTORS: Thomas McMillan, F. F. Johnson, O. O. Haga, L. J. Falk, C. A McLean, S. T. Davis, C. H. Coffin, D. S. Fletcher, E. M. Hoover, J. 8S. St. Clair CAPITAL: Authorized and outstanding, $375.000: Par Value. $100 Number of Stockholders: {2 GROWTH-1920 1924 Surplus $200,000 75.000 Undiv. Profil $45,310 25667 Deposits $4,469.381 $1104.623 COMPARATIVE STATEMENT, As ¢ RESOURC l.oans and Discounts Overdrafts ......_ ’ SHEE ue UC. S. Government Securities . Other Stocks and Bonds ....... . . Banking House, Furniture and Fix Reserve with Federal Reserve ........... Due from Federal Reserve Bank ... (Cash and Due from Banks ... Exchanges rere Other Real Estate ...... Other Assets Dec. 31 228 2,681,671 3,090 204,200 373,173 230.346 221,720 56,426 299,928 22.593 "965 aT 4 201 740 « 000 29,579 220,348 £4,352 } N63 12,607 5,202 38,684 IE 31,599 eee. 24 RA0O.RT72 1927 52.828,626 1,713 891,850 323.423 230,346 217.460 84,044 375,060 h5.853 27.308 $3 555 683 TOTAL .. LIABILITIE Capital Stock ... Surplus Undivided Profits o.oo. ieee aes Reserve for Taxes, Interest, ete. ......... Circulation ee aeemetememmm mm meemeemn eaeeeeennene-Due to Federal Reserve Bank........... Due to other banks ... Certified, ect. checks Individual Deposits ...._... State, County Deposits ...oiiiiaaaeeee. Savings Dep. and Certificates of Dep......... 1. 8S. Government DeDOSIitS onoooroooeoee eee 375.000 75,000 *5,667 09,283 *41,300 79,305 81,059 ~8,232 671,796 273.588 193,283 227.360 £75,000 “5000 9.935 22,463 250,000 34,603 376.515 37,297 951,010 421,187 £193,411 T4112 3 375,000 75.000 31.451 18,061 250,000 56,913 082,874 95,852 1,831,117 106,476 1,466,545 266.394 TOTAL aie [ook Value of Stock .ccoooeeooommioeaannn.. Ratio, Deposits to Capital .................... Ratio. Deposits to Cap. & Surplus ....... a "oe 13 2 THOMSON'S MANUAL FIRST NATIONAL BANK OF IDAHO, Boise, Idaho HISTORY: Chartered under the National Bank Act in 1867. Departments: General Banking and Trust. Members of: Federal Reserve, A. B. A, Idaho Bankers Assn. Correspondents: National City Bank, New York; Continental Illinois Bank and Trust Co., Chicago; Anglo & lL.ondon Paris National Bank, Wells Fargo & Union Trust Co., San Francisco; Stock Yards National Bank and Omaha National Bank, Omaha, Neb.; First National Bank. Portland, Ore.; Continental National Bank, Salt Lake City, Utah. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tuesday in January. OFFICERS: Crawford Moore, Pres.; J. W. Cunningham, Vice-Pres.; Raymond Vioore, Cashier & Trust Officer; G. S. Bartlett, Aud. DIRECTORS: E. A. Van Sicklin, Crawford Moore, Eugene Looney. Raymond Moore, J. W. Cunningham, C. C. Anderson. CAPITAL: Authorized, $500,000; Outstanding, $300,00; Par Value: $100. DIVIDENDS: From 1903 to 1929, incl, 12% per annum. COMPARATIVE STATEMENT, As of Dec. 31 RESOURCES — 1929 1928 Loans & Discounts.....ccooommimmeiciccccecie 872,129 $4,623,882 U. S. Gov. Securities. .cooovieieneees 889,941 2,008,650 Other Bonds ............ J 120,279 1.269,759 Municipal Warrants oom oes "1,926 “L767 Fed. Res. Bank Stock. oiceeeeees 000 ,30C Banking Houses, ete... cnn oe of 0 2,412 Cash & Exchange. ..oeeocrcermae eerenemcennenean (93,78¢F Other Real Estate ..eiimeeeeees TOTAL, RESOURCES oo oeeeeeennenenn 1927 $4,374,845 2,025,800 939,059 121,474 18,000 70,000 4,616,052 927.015 10 292.245 LIABILITIES— Capital Stock eee SUTrPIUS coerce ceceeeceeeeee Undivided Profits .oicaeeaaan. Circulation ........ -coiiecrceiienens DePOSItS coeeee ieee Reserve for Depreciation.......... TOTAL LIABILITIES ........... Book Value of StoCK. oiiiiieieienee + oan Ratio, Deposits to Capital........oirrrirnes Ratio. Deposits to Cap. & Surolus........ 300,00( “200 00 0c 300,000 300,000 59,752 298,000 1,409,493 25.000 0,392,245 $220 31.4:1 14.3:1 12.61 FIRST SECURITY BANK, Boise, Idaho CONTROL: By First Security Corp. of Ogden, Ttah. HISTORY: Chartered under National Bank Act in 1911 as Pacific National Bank; present title adopted in February. 1929. Departments: General Banking. Members of: Federal Reserve, A. B. A, Idaho Bankers’ Assn. Correspondents: National Park Bank, New York: Northern Trust Co. Bank and Stockyards National Bank, Chicago; United States National Bank. Portland. Ore.: Walker Bros. Bankers, Salt Lake City, Ttah. - MANAGEMENT: J. L. Driscoll, Pres.: E. G. Bennett, Vice Pres.: E. W. Tucker, Vice Pres. and Cash. DIRECTORS: M. P. Mekolin, John D. Daly, E. W. Tucker, R. M. Davidson, Ww. E. Sullivan, S. E. Brookover, J. L. Driscoll, W. S. Whitehead, B. S. Eastman, Boise. {daho; E. G. Bennett and M. S. Eccles, Ogden, Utah. CAPITAL: Authorized and outstanding, $150.000 Par Value, $100. DIVIDENDS: 129, per annum. ——— ES ————— INTEREST TABLES Devores—1 day to 1 year by days, 360 and R65-dav basis. 1 to 6% by Ys. 6% to 109% by Y%s. Price $7.00. Stouts—1 day to 1 year by davs, 360 and 365-day basis, 1 to 10% by us. Price $7.00. : Quick—1 day to 1 year by days, 5, 6. 7 and 8% 360-day basis. Price$2.50. Robinsonian Universal, $7.00. Delbridge Wonderful—90 days, $5.00; 180 days, $10.00; 360 days, $20.00. We stock all standard Interest Tables. THOMSON’S BUSINESS BOOK SERVICE Qeattle. Wash. 3ANKS AND TRUST COMPANIES COMPARATIVE STATEMENT, As of Dec. 31 RESOURCES— 1929 1928 [Loans and Discounts......................... $1,892,146 U.S. Govt. Securities, etc...... 576,650 Other Securities ....... remmeeeamnnanans 463,659 Banking House, etc..... ceemeemaaanaan 225,086 Cash and Exchange cosmo ,668,667 Other Assets .... eee eieacaeaan 15,607 TOTAL .... LIABILITIES-Capital Stock ...... Profits and Reserves.......ooooooeeeeiiuincecnnes Deposits ..... Circulation .............. Due to Banks .....coooeeeeen 5,036.06, ,300,000 ‘rT.e00 . 89 © £389 cf EL) 1927 $1,669,803 983,700 464,524 ( 300,000 03,292 cae TOTAL een... Book Value of Stock.............. Ratio, Deposits to Capital........._.___ Ratio, Deposits to Cap. & Surplus. FIRST NATIONAL BANK, Caldwell, Ich HISTORY: Established 1887. Members of: A. B. A, State Bankers Assn. Correspondents: Chase National Bank, N. Y.; First National Bank Chicago; Continental National Bank, Salt Lake; Omaha National Bank, Omaha. OFFICERS: J. E. Cosgriff, Pres.; H. E. Haworth, Asst. Cashier; E. H. Petry. Asst. Cashier. CAPITAL: Authorized and Outstanding, $100,000; Par Value, $:C0. DIVIDENDS: 109% per annum. STATEMENT OF CONDITION, March 27, 1930 RESOURCES LIARILITIES Discounts [.oans and Overdrafts ...ooocooeeoeennnnne.. ". S. Bonds & Certificate [3onds and Securities Stock Fed. Reserve.. Banking House ....... ffurn. & Fix, Vanl Real Estate ........ Due from U. S. Treas Mash and Exchange... 883,700 "70 0 0 J0 ~0 Capital Stock ..... emereeraeeneee® Surplus & Undivided Profits... Res. for Int.,, Taxes + Dep....... Circulation .. Deposits. coeeeeeannnn. 100,000 25,739 41,216 49,640 599.188 TOTAL, cr 5782 TOTAL ......... L183 Book Value of Stock, {1.2.73; Ratio, Deposits to Capital, 16:1; Ratio. Deposits to Tapital & Suprlus. 12.7: ANDERSON BROS. BANK, Idaho Falls. Idaho CONTROL: By First Security Corp. Ogden, Utah. HISTORY: A state bank, founded in 1865. Departments: Safe Deposit, Savings, Trust and Commercial. Correspondents: Irving Trust Co. New York; First National, Chicago, Ogden, Utah, and Omaha; National Copper, Salt Lake City; Bank of Italy, National Trust & Savings Assn. San Francisco; Bank of Italy National Trust & Savings Assn. [Los Angeles; U. S. National, Portland; First National, Denver; Commercial Trust Co.,, Kansas City; First Security Bank, Boise. OFFICERS: G. G. Wright, Pres.; E. G. Bennett, Vice Pres.;: Victor Austin, Vice Pres.; M. M. Hitt, Cashier; C. B. Squires, Asst. Cashier. CAPITAL: Authorized and outstanding, $150,000. Par Value, $100 DIVIDEND: 169% in 1929. STATEMENT OF CONDITION, March 27, 1930 RESOURCES JABILITIES {Loans and Discounts... Banking House & Fix. Other Real Estate Other Securities .. Dther Assets ............ Cash & Due from R-‘Jther Securities .... TOTAL ...... TOTAY: cee. ea 83 792 694 66 0 © THOMSON'S MANUAL FIRST NATIONAL BANK OF LEWISTON, Lewiston, Idaho subsidiaries: Affiliated with First National Bank of Grangeville, Craigmont State Bank, Craigmont; First Bank of Culdesac, Culdesac; Bank of Reubens, Reubens; The Farmers’ Bank, Kendrick; First Bank of Genessee, Bank of Asotin. Asotin; State Bank of Clarkston. Departments: Commercial, savings, foreign and safe deposit. Members of: Iederal Reserve. Correspondents: First National Bank and Laidlaw & Co. New York; First National Bank, Chicago; Old National Bank and Union Trust Co, Spokane, Wash; United States National Bank, Portland. Ore: Anglo and London-Paris National Bank, San Francisco. OFFICERS: A. E. Clarke, Pres.;. N. 8. Vollmer Hopkins, Vice Pres.; W. G. Hawkinson, Vice Pres.; R. E. Densow, Cash.: H. M. Emerson, Asst. Cash. DIRECTORS: E. E. Eastwood, W. &. Hawkinson, J. M.. Bonner, A. E. Clarke. N. 8. Vollmer-Hopkins. CAPITAL: Authorized and outstanding, $100,000: Par Value, $100. COMPARATIVE STATEMENT, As of Dec. 31, 1929 RESOURCES— 1929 Loans and Discounts eee eran eee $2,822,124 J. S. SECUTities .cceiiemmrroirirmmeenncenoconemsnnnanes 276,996 Other Bonds and Stocks —eiirmmmicnninennans 395,237 Bank House, etc. -.... J 45,563 Real ToStALe .ccerermrcocoooosmmmmemmcmensmsmmmnnnnremnansens 59,408 Reserve with Federal ReServe o.oo... “93,636 Cash and Due from Banks ..oeeennn 32,355 Redemption Fund ..ceoeeeev- 5.000 Other Resources _.. 1928 $2,988,452 340,211 370,749 45,032 56,408 "2,960 653 5,000 3,032 +3.696.497 1927 $2,796,192 300,308 345,878 46,655 41,905 199,693 991,351 5,000 1.738 4 728.720 ~~ $4.530.319 TOTAL .eoeeee eee em—n—————— LIABILITIES— Capital Stock ..... wf RRR Tndivided Profits oii Reserve . for Contingencies ...cooceeee Circulation commen wre STARR Sn wa Due to BanKSs crime Demand Deposits «cccocrmmmniiicice crrrmrninennan Time DepoOSits corccccriimmmess — omememms emma IT QS DeDOSIES eiececceacecvemaccraenrmamnamanne £00,000 150,000 96.089 100,000 150,000 28,517 49,500 100,000 188,185 929,939 .837,349 2007 a7 of 1 P 100,000 150,000 24,982 44,500 .00,000 65,383 ,v19,792 1,920,727 2.336 C720 275 4:1 14:1 Go 7 2 2 Book Value of StOCK ois Ratio, Deposits to Capital .oioireiimernnaans Ratio Deposits to Cap. & Surplus N € wh 4 1 3 1 LEWISTON NATIONAL BANK, Lewiston, Idaho CONTROL: Old National Corp. Spokane. Wash. HISTORY: Established 1866. Members of: Federal Reserve, A. B. A, State Bankers Assn. Correspondents: Chase National Bank, N. Y.; Continental Illinois Bank and Trust Co., Chicago; Old National Bank. Spokane: First Seattle Dexter Horton National Bank, Seattle. OFFICERS: P. J. Miller, Pres.; R. C. Beach, Vice-Pres.; E. W. Lutz. Cashier; F. T. Atwood, Asst. Cashier; Harley, R. Tucker, Asst. Cashier. DIRECTORS: E. L. Alford. E. A. Cox. Thos. F. Wren. S. Salsberg, R. C. Reach, P. J. Miller. CAPITAL: Authorized and Outstanding, $100,000; Par Value: $100. STATEMENT OF CONDITION. March 27, 1930 RESOURCES LIABILITIES Loans and Discounts Capital Stoek .. ee reaeeeenee $100,000 verdrafts ...... 2 en 50.000 U. S. Bondss...... Surplus PE . 0, Other Bonds anc Undivided Profits & Reserves 35,5639 Federal Reserve DeDOSIES criererececommccecnnemnmmmerennan naan 2.018.979 Joni Building, xr: _— ther Real Estate. ‘ HHEr RESOTUCES oeewomreremsranmemecees TOTAL eeeeenereaoarmaneennennnen $2,204,518 Mash and Due from Banks... ...$1,274,251 639 69,682 «21,339 4,500 4.983 n 514 .,816 222.794 SOATAT. 892.204.5118 Sa v: AND TRUST COMPANIES FIRST TRUST AND SAVINGS BANK, Moscow, Idaho HISTORY: Established in 1905. Members of: A. B. A, State Bankers Assn. (‘'orrespondents: National City Bank, N. Y.; First Seattle Dexter Horton National Jeattle; First National, Spokane. DFFICERS: Hawkin Melgard, Pres.; Andrew Melgard, Vice-Pres.; William E Cahill, Cashier; W. K. Armour, Asst. Cashier; Elmer Anderson, Asst. Cashier. CAPITAL: Authorized and Outstanding, $100,000; Par Value: $100. DIVIDENDS: 15% per annum. STATEMENT OF CONDITION, March 27, 1930 RESOURCES LIABILITIES Loans and Discounts... First R. E. Mortgages. ['nited States Bonds....... Dther Bonds and War Banking House ........... Furniture and Fixture. rash and Exchange 84,440 282,319 “%,500 Capital Stock .oooeieieieereeceeeeeee. $100,000 Surplus, Reserve & Profits... 108,682 DEPOSILS eeeeeeeeeeeeeeceacaaaaaeaaanesaaeaneene 1,546,679 TOTAL eeeieeeeeeeeeeeceieaeieeaneenneeenne-- $1,755,361 TOTA ~~ FIRST SECURITY BANK, Pocatello, Idaho CONTROL: By First Security Corp. Ogden, Utah, through 100% stock ownership. HISTORY: Incorporated in Feb, 1928, as successor to the National Bank of idaho and absorbed First National Bank. Departments: Commercial, Savings, Trusts, Safe Deposit and Collection. viembers of: Federal Reserve, A. B. A, Idaho Bankers’ Assn. Correspondents: Irving Trust Co., New York: Bank of Italy National Trust and Savings Assn. San Francisco; First National Bank, Chicago; First National Bank, Dgden, Utah; First National Bank, Omaha, Neb.; United States National Bank, Portland, Ore.; Commerce Trust Co, Kansas City, Mo.; Denver National Bank, Denver, Colo.; Desert National Bank, Salt Lake City, Utah. DFFICERS: M. S. Eccles. Pres.; E. G. Bennett, Vice Pres; J. C. Galbraith, Vice Pres.; C. A. Valentine, Vice Pres.; W. D. Service, Cash.: H. P. Jacobson, Asst. Cash. DIRECTORS: E. G. Dennett, L. A. Collins, M. 8S. Eccles, J. C. Galbraith, A. D. Jones, W. D. Service, C. A. Valentine. CAPITAL: Authorized and outstanding, $100,000. Par Value, $50. DIVIDENDS: Paid at the rate of 30% per annum, STATEMENT OF CONDITION, March 31, 1930 TABRILITTES RESOURCES [Loans and Discounts. ........¥ Jther Assets ...occccoeeenn. Building and Fix{ » Real Estate _.. Bonds and Secu. Cash in Banks....... mS Qov. Securities.. 390,968 4,003 © "R6 n Capital Stockh Surplus ........ Profits and Reserves................. Deposits ...... 100,000 50,000 190,577 3 380.666 MOTAL one iiisinss Co .83.7121.247 TOTAL _._... $5 179..5483 WALLACE BANK & TRUST COMPANY, Wallace, Idaho HISTORY: Established 1916. Departments: General Banking and Trust Depts. viembers of: A. B. A., State Bankers Assn. Correspondents: Central Hanover Bank & Trust, Guaranty Trust Co., N. Y.;: Bank >f Republic, Chicago; Anglo London & Paris, San Francisco. OFFICERS: Jerome J. Day, Pres.; Ramsay M. Walker, Vice-Pres.; Paul Leuschel, Jashier. DIRECTORS: Jerome J. Day, Ramsay M. Walker, David C. McKissick, Henry Lawrence Day, Frank M. Rothrock, John P. Mahoney, Paul Leuschel, Axel P. Ramstedt. CAPITAL: Authorized and Outstanding, $100,000; Par Value: $100. DIVIDENDS: 1920, 309%; 1921, 80%; 1922, 30%; 1923, 40%; 1921, 509%; 1925, 50% 1926, 100%; 1927, 809%; 1928, 65%; 1929, 65%. Number of Stockholders: 21 -~ THOMSON'S MANUAL INCOME ACCOUN'T, Years Ending Dec. 31 1928 $186,113 118,185 % 67,928 © 67.938 1927 $195,654 124,433 + 71,221 $ 71.221 Gross Earnings _........ ...... Expenses, Taxes, Etc........ NET PROFITS eecreeneeeneennesees NET PROFITS ...ccimiscissisninnsmnssessasanvanes STATEMENT OF CONDITION. March 27, 1929 LIABILITIES Capital, Surplus, Undivided Profits & Reserves...............$ 372,202 Deposits meeneeeecreeecmeemeereeeeeeeee 3,019,421 Depreciation on Bank. House 41,661 Depreciation Furn. & Fix......... 20,026 RESOURCES Loans and Discounts....e........$ 534,557 U. 8S. Treasury Notes........c...... 1,500 UU. S. Bonds (at par)... . 38,150 Municipal Bonds ......... 20,939 Warrants ....... "198 Real Estate .. 26 Banking House ........ Le Furniture & Fixtuic_ .. .. Fash and Due from Banks TOTAL one. $3 .453,310 2 48% DALY BANK & TRUST CO.., Anaconda. Mont. HISTORY: Established 1883. VMiembers of: Federal Reserve, A. B. A. State Bankers. Correspondents: Chase National Bank, N. Y.; Continental Illinois Bank, Chicago; Wells Fargo Bank, San Francisco; First Seattle Dexter Horton National Bank, Seattle. DFFICERS: E. J. Bowman, Pres.; J. C. Harrington, Cashier; E. L. Kunkel, Asst. Cashier; W. W. Jamesson, Asst. Cashier. DIRECTORS: E. J. Bowman, Marcus Daly, J. C. Harrington, J. L. Kelly, A. J. Tuchscherer. CAPITAL: Authorized and Outstanding, $100,000; Par Value, $100. COMPARATIVE STATEMENT, Years Ending Oct. 4, 1929 Dec. 31, 1928 22,924,689 "093,152 .,485,566 C78 6,000 or * 801 -( 0 RESOURCES— {Loans and Discounts........cc.cc. rmminian. Stocks, Bonds and Warrants.............. Stock in Federal Reserve Bank... .... Banking House and Fixtures... .... Other Real Estate ...cooiciaan eons Cash and Due from Banks............... TOTAL RESOURCES neeees LIABILITI1W Capital ..... BUTDIUE csmmvssmpmmmes: Undivided Profits cocoon. Reserve for Taxes and Tnterest.. Deposits ... Dec. 31, 1927 $2,309,842 1,520,730 6,000 30,975 25,000 235.098 55.127.645 n_.% ¢ 0( °C ~€ 00,000 10,000 1'422 1,495 w77.728 eR 1927 645 39 TOTATY, TLIARIL.LYTITES $5 2° rs COMMERCIAL NATTIONAT. BANK, Bozeman, Mont. CONTROL: First Bank Stock Corp., Minneapolis, Minn, HISTORY: Chartered under National Bank Act in 1894. Departments: General Banking. Members of: Federal Reserve. Correspondents: Hanover National Bank, New York; First National Bank, Chl-Gaga; Crocker First National Bank, San Francisco; First National Bank, Minneapolis. OFFICERS: Chas. Vandenhook, Pres.; George Cox, Vice-Pres.; J. H. Baker, Cash.; H. M. Grant, Asst. Cash. PIRPCTORS: ‘George Cox. Chas. Vandenhook, R. 8S. Dawes, J. H. Baker, Fred F. illson. , CAPITAL: Authorized and Outstanding, $150,000; Par Value: $100. DIVIDENDS: 1919, 15 pct.; 1920, none; 1921 to 1924, incl. 10 pect.: 1925 and 1926. 15 pect.; 1927, 18 pct.; 1928, 20 pct.: 1929. none. Pavable: Annually. Jan. 10. BANKS AND TRUST COMPANIES INCOME ACCOUNT, Years Ending Dec. 1929 ross Earnings .......... Expenses, Taxes, etc.. ra 4 19:7 213,602 15.820 Net Profits ...... Dividends Paid .... Surplus earned for Year... Farned per share of stock... Shares outstanding .. Book Value of Stock........ .. Ratio, Dep. to Cap.ccciceuecanes £22 1 Ratio, Dep. to Cap. & Surp........eeeeee.. 54:. 0.31 1 Before writing off real estate loans and other undesirable assets aggregaling 385.433, making a net loss of $2,076 for the year. COMPARATIVE STATEMENT, As of Dec. 31 929 1928 $2,255,708 360.543 191,350 Sa {Loans & Discounts. Bonds & Warrants.........__.......... ". 8. Govt. Bonds............... .. Banking House ...coes oo mesimesmsens = win Other Real Estate........ nA RAS Fed. Res. Bank... Mash & Due from Bank oom. $1,160,918 370.914 143,700 “90,000 700 50 76 TOTAL RESOURCES iii LIABILITIES— Tapital Stock cee Surplus & Undivided Profits... Tirculation ©... Deposits comes Jther Liabilities ........ Dividends Unpaid coos TOTAL LIABILITIES ieiceeiaecaeeannn-20,000 13.646 62,500 22.562 1s “377000 %o.010, 5.370. 08 GALLATIN TRUST & SAVINGS BANK, Bozeman, Mont, HISTORY: Organized in April, 1902, as Gallatin State Bank, with $25,000 capital. “hanged to Gallatin Trust & Savings Bank in 1912, with $100,000 capital. Departments: Savings, Trust, Commercial. Members of: Fed. Reserve, Am. Bankers Assn, Montana Bankers Assn. (Correspondents: Guaranty Trust Co, New York; Continental Illinois Bank, Chicago; First National Bank, St. Paul; Wells Fargo Bank & Trust Co, S. F. DFFICERS: W. S. Davidson, Pres.; H. B. McCay, Vice-Pres.; E. S. Edsall, Cashier; i.. C. Bergen, Asst. Cashier. DIRECTORS: B. B. Law, D. R. Fisher, C. S. Kenyon, J. R. Chambers, H. B. Mcray, H. M. Stewart, W. S. Davidson. CAPITAL: Authorized and Outstanding, $100.000; Par Value, '1¢0 per Share. DIVIDENDS: Average 8%. Vvumber of Stockholders: 55 GROWTH Capital :100,000 100,000 100,000 Surplus $25,000 25,000 35.000 Undiv. Profits $29,084 42,469 41,136 Deposits $723,388 753.828 951.169 20... 1925 eee 9929 ACCOUNT, Year Ending Dec. 31, 1929 40,628 Surplus Earned for Year.....?® 20,472 Earned per Share of Stock. Book Value of Stock............. $20,156 Ratio, Deposits to Capital... ..$ 6,000 Ratio, Dep. to Cap. & Surp..... NT AMEMIW™ CC CONDITION, Dee. 31, 1929 LIABILITIES Capital Stock Paid In... it surplus Fund Und. Profits, Less Fypenr-s and Taxes Paid.. Due to DBanks......... Ind. Deposits Subje Cashier's Checks Time Certificates Sav. Dep. Subject . Notice . Fross Earning Expenses. Taxe “1835 6 4 1 =. Net Profits ...... dividends Paid ..... RESOURCES l.oans and Discounts SR IVETATATES ciiimmsin » me sossesnsinee [". S. Government Bonds............ Other Bonds, War. & Stocks... Stock in Fed. Reserve Bank... Bank House, Furn. & Fix... .. Jdther Real Estate _................. ash on Hand and Due from Approved Reserve Banks. “hecks & Exch. for Clear. _ 100,000 35.000 41,136 250 ‘13,189 1,279 97,054 139 640 TOTAL coun... x27. 501 THOMSON'S MANUAL FIRST NATIONAL BANK OF BUTTE, MONTANA HISTORY: Founded in 1877; chartered under National Bank Act in 1881. Departments:. General commercial banking business. Members of: Federal Reserve System, A, B. A., Montana Bankers’ Association. Correspondents: Bank of New York and Trust Co. and Chase Notions, New York: First National, Chicago; Bank of California, N. A, and Crocker First National, San Francisco; Northwestern National, Minneapolis. DFFICERS: A. J. Davis. Pres.; Geo. U. Hill, Vice Pres. and Cash.; A. J. Davis, Jr., Vice Pres. DIRECTORS: A. J. Davis, G. U. Hill, A. J. Davis, Jr.,, J. A. Poore,, J. S. Dutton. CAPITAL: As of Dec. 31, 1929, Authorized and outsanding, $300,000; Par Value, 2100. COMPARATIVE STATEMENT, As of Dee. 81 "29 1928 of 7,386,332 663,200 ~59,312 2.804.046 RESOURCES— [Loans and Discounts .cceeeee. cceeeeenc $6 U. 8S. Government Securities een €, Jther Bonds and Securities ....coeceeeaee 06 Cash and due from banks eer coecceceaeee. 3.147 1927 $6,363,468 2,868,500 2,979,117 2,264.112 { 475.197 TOTAL cee eee = LIABILITIES— Capital Stock ri ———-Surplus Fund eee Undivided Profits .......... eemmmmmmeneeanmennm Reserves enn smmran Ene AE SEER ER ER Circulation JR reemmemmn mia ASR Deposits .... eee eam CC 16.059.867 2.890 "Nh 000 “No "000 noc © 98¢ 300,000 45,0000 422,202 799,950 LI10R.74H 4475 197 i 50 TOTAL eooooooooeooeoeoeoooeeoememereerereennee -eenenn $16,059,897 Book Value of Stock, 1929, $367; 1928, $389; 1927, $391. Ratio, Deposits to Capital, 48.3:1; 1928, 52.6:1; 1927, 43.7:1. Cap. and Surplus. 1929. 13.9:1: 1928, 13.5:1: 1927, 11.2:1. A QE ). ant Ln A Ratio. Deposits to METALS BANK & TRUST CO., Butte, Mont. CONTROL: By First Bank Stock Corp., Minneapolis. : HISTORY: Incorporated under Montana Laws March 1, 1901 as Daly Bank & Trust Co. Name changed Aug. 1, 1920. On Aug. 22, 1928, bank purchased assets of W. A. Clark & Brothers, Butte, Montana. ’ Members of: Federal Reserve, A. B. A, Montana Bankers Assn. Departments: General Banking, Trust, Stock & Bond. DFFICERS: James E. Woodard, Pres.; James T. Finlen, Vice-Pres.; R. W. Place, Cash.; J. L. Teal, Asst. Cash.; J. J. Burke, Asst. Cash.; B. F. Stranahan, Asst. Cash. DIRECTORS: Charles J. Kelly, John D. Ryan, Cornelius F. Kelley, Thomas A. Marlow, James R. Hobbins, L. O. Evans, Harry A. Gallwey, J. Bruce Kremer, John E. Corette, James T. Finlen, James E. Woodard. CAPITAL: Authorized and Outstanding, $600.000; Par Value: $100. DIVIDENDS: 169% since 1909. STATEMENT OF CONDITION. Dec. 31, 1929 RESOURCES LIARILITIES U. S. Gov. Securities....ccceeeeeeee. 2,436,801 Capital Stock acieir connie Loans and Discounts................$ 9,503,357 Surplus and Undi- ‘rofits.. Stocks, Bonds & Warrants... 5,577,029 RESEerveS .ecceemeecemrenn [RS Stock in Federal Reserve... 20,000 Letters of Credit ..cocoeiamameieres Banking House & Fixt..... ... 41,259 Dividends Pavable ...coeeeees Real Estate Owned............... 26,090 Deposits _.... eeeemmn—eannann Cash and Exchange.....ioow...... b0OR2174 600,000 £78,186 300,000 5,000 53,280 21.140.244 €29 776.710 e999 776 710 MINERS SAVINGS BANK & TRUST CO., Butte, Mont. HISTORY: Incorporated under Montana l.aws Jan. 24. 1907. Departments: Savings and Trust. Members of: A. B. A, Montana Bankers Association. Correspondents: Central Hanover Bank & Trust Co. and Chase National, New York; First National, Chicago; Crocker First National. San Francisco: First Seattle Dexter Horton National, Seattle. } MANAGEMENT: David J. Charles, Pres.; David Maule, Vice Pres.; John Lindland, Asst. Cash.; Hugo A. Kenck, Asst. Cash.; T. J. Fenlon, Cash. DIRECTORS: D. J. Charles, T. J. Fenlon, W. A. Kemper, J. L.. Carroll, S. R. White, G. A. Chevigny, J. B. Amos, David Maule, W. L. Renick. CAPITAL: Authorized and outstanding. $200.000: Par Value. $100. DIVIDENDS: 1929. 69. BANKS AND TRUST COMPANIES COMPARATIVE STATEMENT, As of Dee. 31 1929 1928 776,282 484,886 Tea 78 RESOURCES— Loans ..... Bonds, ete. .cocemaeeeee- . Banking HOUSE in comriciimiirmannnneens ther Real Estate ..iiinenes Tash and Exchange......omireeeieiainnen Federal Reserve Stock... Jther Resources .... eemeeenann 689,146 500,485 73.677 61034 2,30 ='£40 Total comes LIABILITIES Capital Stock ..... Surplus eooeiiairaes oC manne ["'ndivided Profits ......... DepOSItS eeeeaaenae 635. 200,000 RA'000 291 2Q9 i 000 Total oiiimvmniness Book Value of Stock... .. Ratio, Deposits to Capital.................. Ratio, Deposits to Cap. & Surplus......... 1927 725,804 464,137 134,618 65 788 “35 14 411 L, 762,693 200,000 50,000 1,089 1.704 #43 4 1 ba MIDLAND NATIONAL BANK OF BILLINGS, MONTANA CONTROL: By First Bank Stock Corp. of Minneapolis, Minn. HISTORY: Chartered under National Bank Act July 11, 1923. Departments: Conducts a General Banking Business. Members of: Federal Reserve, A. B. A., Montana Bankers’ Association. Correspondents: Chase National and Guaranty Trust Co. New York; Continental [llinois Bank & Trust Co. Chicago: First National, St. Paul, Denver and Minneapolis; First Seattle Dexter Horton National, Seattle. DFFICERS: E. H. Westbrook, Pres.; J. B. Arnold and E. O. Jenkins, Vice Pres.; 2. P. Kelly, Cash.; V. L. Scott, Asst. Cash., Billings, Mont. DIRECTORS: H. W. Rowley, C. M. Baer, F. B. Connelly, E. H. Westbrook, J. B. Arnold, E. O. Jenkins, Billings, Mont.; J. E. Woodward, Butte, Mont. CAPITAL: Authorized and outstanding, $200,000: Par Value, $100. DIVIDENDS: 1928, 15%; 1929, 7% %. INCOME V'OUNT, Years Ending Dec. 31 Gross Earnings .... . Expenses, Taxes,:etC. ........... 1929 © 228,355 86.414 1928 208,907 “8.907 1927 176,425 "57,902 Net Profits ........ Dividends Paid .......... Surplus Earned for Year... Earned per share of stock................ Book Value of SLoCk....ucmenansssmsess Ratid, Deposits to Capital... Ratio, Deposits to Cap. & Surplus........ t: 7 «.0( 14.1:) 5.8: 43 19.22 45.00 19.6:1 13.5:1 COMPARATIVE STATEMENT, As of Dec. 31 RESOURCES— Loans and Discounts... . 8S. Government Bonds..................... Other Securities ......ooiiiiiienan Cash, etc. ........... . Dther Assets ........... TOTAL .... LIABILITT=Capital Stock BUYDIMS ceemeroms 5 + meses Undivided Profits .....oooooiiiomiiiiiineaen. Circulation temmveenameeeencmmneenr DEPOSITS oer eee eceneeenrencerreen ec ecc seen ea sean eonee DIVIACHAS ...enrnernesnonemnemmeriinsiithmms essa baa ss SS TOTAL eeunennnnn 1929 ...$2.310,588 840,150 732.488 225 42 200,000 00,000 25,000 200,000 ,223.761 1928 $2,091,855 1,474,329 $98.082 “Raf ao 200,000 100,000 25,000 00,000 1.862 2.000 5.276.862 1927 $2,055,301 955,238 529,310 733,457 37.800 _.206 200,000 60,000 30,000 200,000 3.921,106 4 411.106 THOMSON'S MANUAL MONTANA NATIONAL BANK, Billings, Montana HISTORY: Established in 1912. Departments: Safe Deposit, Savings, Trust, Commercial. Members of: Federal Reserve, A. B. A., State Bankers Assn. Correspondents: National City, Chase National, New York; First National, Continental Illinois Bank & Trust Co. Chicago; Northwestern National, Minneapolis; Stock Yards National, Omaha; Union Bank & Trust Co., Helena. OFFICERS: A. H. Marble, Pres.; A. R. McDermott, Vice Pres.; F. W. Marble, Cash.; R. A. Holley, Asst. Cash. DIRECTORS: A. H. Marble, T. A. Snidow, F. W. Marble, A. R. McDermott, R. A. Holley. . CAPITAL: Authorized and Outstanding, $150,000; Par Value: $100.00. "STATEMENT OF CONDITION, Dec. 31, 1929 RESOURCES TY TARILITIES Loans & Discounts...... eens Bonds ol Other Securities ... Bank Building Nash & Due from Banks Capital ... reeeemeen $150,000 SUrplUS cee 75,000 Undiv. Profits ......... -- 57,821 Deposits oii. $2,149,181 Total oie eeeeeeeennne- $2,482,002 TOtAl eeeeeeieeceeeneeeeeecceeeanneeenen- $2,432,002 Book value stock £189 Ratio dep. to cap. 14.3:1. Ratio dep. to cap. & sur. 7.6:1. SECURITY TRUST AND SAVINGS BANK, Billings, Mont. HISTORY: Incorporated in Montana, Oct. 10, 1916. Departments: Commercial, Savings and Trusts. Members of: Federal Reserve System, A. B. A. Correspondents: Equity Trust Co., New York; National Bank of the Republic, Chicago; First National, Butte, Minneapolis and Omaha: American National, Helena. OFFICERS: W. E. Waldon, Pres.; Edward Cardwell, N. B. Vaughan, Vice Pres.; 0. M. Jorgenson, Cash.; R. M. Waters, Asst. Cash., Billings, Mont. DIRECTORS: W. E. Waldon, N. B. Vaughan, Edward Cardwell, F. L. Clark, Billings, Mont.; A. C. Johnson, Helena, Mont. CAPITAL: Authorized and outstanding, $100,000; Par Value, $100. DIVIDENDS: 59% paid Dec. 31, 1919; none thereafter to Dec. 31, 1927, when 8% was paid; 1928 and 1929 89%. Vumber of Stockholders: 25. Market Range: $200. INCOME ACCOUNT. Years Ending Dec. 31 1929 928 “7 .80¢ ,598 a Ar are 1927 $140,786 99,246 41,540 8.000 * 33,540 41.54 $163 29.6:1 18.1:1 Gross Earnings ooo Expenses, Taxes, etc. -......... Net Profits ooo. Dividends Pald ..c.ummmpecass Surplus earned for year... al Earned per share of Stock........... .62 Book Value of Stock.............. ; P 08 Ratio, Deposits to Capital... sol 2:1 Ratio. Deposits to Cap. & Surplus...eeceeeeeeees 12.5:1 15.5:1 COMPARATIVE STATEMENT, As of Dec. 31 RESOURCES— 1929 1928 Loans and Discounts... 1.489,296 $1,648,280 OverOralls ems i ms RR ees Sees 237 1,640 Bonds, Stocks and Warrants... “86,446 € 064 Liberty Bonds, ete. eee 30,600 NC Fed. Res. Bank StoCK meena 6,000 on Banking House, Furniture, etCuceeecaaaee 59,000 Cash and due from banks. _._iccieccee.. 522,635 TOTAL eee eee 32.904 214 LIABILITIES— Capital Stock .......... Surplus (earned) ieee Undivided Profi .owcivmomosvasssas Due to banks and bankers... Demand Deposits o.oo... Cashiers’ Ete. ChecKkS.ooceoiiccr cet ceeeee Dividends Unpaid .coovscrscssmymmiassmmspsmmi Dertificates of Deposit ooo Savings Deposits oe rcaaeanae 1927 $1,296,347 1,344 689,980 284,650 4,500 65,000 781 375 $2 123.196 20,000 00,000 8,013 519,338 1,532,162 130,872 152 217,689 h21.886 €2.420.712 100,000 50,000 13,203 697,286 1,500,251 66,231 8,000 323,877 364.348 £2.123.196 A" 58 ,z81 317.004 Ce ml e004 914 TOTAL oe. BANKS AND TRUST COMPANIES FIRST NATIONAL BANK, Dillon, Mont. CONTROL: Northwest Bancorporation, Minneapolis, Minn. HISTORY: Chartered under National Bank Act in 1884. Departments: Conducts a General Banking Business. Members of: Federal Reserve. 'orrespondentsx: Chase National, New York; Continental Illinois Bank & Trust Co., Chicago; Omaha National and Stockyards National, Omaha; Wells Fargo Bank & Union Trust, San Francisco; Utah State National and Walker Bros, Bankers, Salt Lake City; First National, Boston; Bank of America of California, Los Angeles. OFFICERS: E. J. Bowman, Chairman; J. H. Gilbert, Pres.; ~~ 7. Gilbert, Vice Pres.; J. W. Rees, C. H. Gilbert, Asst. Cash. DIRECTORS: E. J. Bowman, J. H. Gilbert, W. G&G Gilber. Eliel, F. _.. Hazeibaker. CAPITAL:. Authorized and outstanding, $200,000; Par COMP? "IVE STATEMENT, Ax - 929 30,146 50,000 0,676 ,13,106 Loans, Discounts, etc. . ...._. 7. 8. Government Bonds ............. Other Securities and Real Estate... Cash and Exchange... Yther Assets 1927 $3,019,568 51.000 138,068 774,252 2.500 TOTAIJY., 253.. 185.388 LIABILITIr Capital Stockh . Undivided ProfitS eevee eieeeeeecaanes Circulation ......... Deposits 200,000 - 706 97 “of *h,000 060 af 200,000 200,000 21,289 2400 ©ay TOTAL: w.cinnonivseimins 300k Value of Stock... Ratio, Deposits to Capital... Ratio. Deposits to Cap. & Surplus.......... FIRST NATIONAL BANK, Glasgow, Mont Members of: Federal Reserve System. Correspondents: Kountze Bros, New York; Continental Illinois Bank & Trust Co., Chicago; First National, St. Paul; First National, Minneapolis. DFFICERS: John M. Lewis, President; R. M. Lewis, Vice President; R. M. Young, Cashier; A. B. Friedlund, Ass't Cashier. DIRECTORS: R. M. Lewis, John M. Lewis, J. W. Wedum. CAPITAL: Authorized and Outstanding, $50,000; Par Value, $100 Statement of Condition, Dec. 31, 1929: LIABILITIES Capital Stock Paid surplus .............. 'ndivided Profits _. Jirculation ........ Due to Banks .. Deposits .oooceeeeee. RESOURCES— Loans and Discounts.................. J. 8. Govt. Securities.............. Other stocks & Securities. Banking House Furn Real Estate ...... Reserve With Fed, Tash and due from Redemption Fund 50,000 75,000 57.360 50,000 1,669 281 888 ». 500 TOTAL ............ Book Value of Stoc Ratio, Deposits to C Ratio. Deposits to Cap. TOTAL, come. +" FOR THE POCKET Universal Bond Values, $5.50 Standard Bond Values, $6.00 Adequate Bond Values, $6.50 Monthly Bond Values ,$75.00 ACME Bond Values, $35.00 Adequate Bond Values, $18.00 Special books on Serial Bonds, Annual Interest, Etc. THOMSON’S BUSINESS BOOK SERVICE Seattle, Wash. FOR THE DESK - - . OY THOMSON'S MANUAL FIRST NATIONAL BANK, Great Falls, Mont. CONTROL: First Bank Stock Corporation of Minneapolis. Minn., acquired control in 1929. HISTORY: Chartered under National Bank Act July 1, 1886. Co Members of: Federal Reserve, A.B. A, and Montana Bankers’ Association. oo Departments: Commercial, Savings and Collections. RE a Correspondents: Chase National and National City, New York; First National and National Bank of Republic, Chicago: First National, St. Paul; First Na-:ional, Minneapolis. OFFICERS:. Sam Stephenson, President; W. A. Brown, Vice President; I. B Armstrong, Cashier; A. R. Moore, L.. F. Curry, Geo. R. Straiton, Ass’t Cashiers. DIRECTORS: Sam Stephenson, W. A. Brown, I. B. Armstrong, A. E. Wiggin, W. H. Hoover, John E. Dawson, F. R. Van De Putte. Great Falls, Mont.; L. O Evans, John C. Ryan, Butte; Mont! ° CAPITAL: Authorized and Outstanding, $200,000; Par Value, $100. DIVIDENDS: 1906 to 1926, inclusive. 25% per annum: 1927. 1928. 309%: .1929 00%.. . Number of Stockholders: 10. INCOME ACCOUNT. Years Ending Dec. 31 & 0949 1927 $610,944 383,614 127,330 60,000 67,330 $63.67 $337 60.5:1 17.91 Gross Earnings ....... Expenses, Taxes, ete. ooo... y “028 ARATE Ps a ~e Net Profits .... Dividends Paid ooo ee t Surplus earned for year...... ....__.. ut Earned per share of stock... (5.24 Book Value of Stock ieee + aaa $395 Ratio, Deposits to Capital......oooeeomcoeeiieeeineeeeeee. 61.8011 Ratio. Deposits to Cap. and Surplus...... ____ _. 15.654:1 A or 5] ‘af COMI"ARATIVE STATEMENT. As of Dee. 31. RESOURCES 1929 Loans and Discounts __..._......... ann$5,560,175 U. 8. Government Securities....... enemas 913,033 Fed. Reserve Bank Stock... 18,000 Other Bonds and Securities..........cceeccveccemeee 1,788,329 State, County and City Warrants............... 502,043 Banking House, Furniture. ete. ........._......... 306,957 Other Real Estate .. wormnmen emma 30,734 Cash in Banks .._.. ceemceewemee D03,423 Due from Banks ....ooocoiicimcicioeoeanons comamaeeeee. 3.682,282 CL .....%13.304.976 1928 $7,101,171 1,240,563 15,000 ,507,894 156,700 57000 1927 $5,656,790 966.559 12,000 1,295,632 204,907 275,000 55,251 £41,048 4.113.445 19 990.639 av, b6t NHR. O97 TOTAT., _..... LIABILITIES-Capital Stock ....... Surplus eee Undivided Profits ..coooeeoeeeeoocs Circulation ee ememmaeeiesemmeeamaeeeeeemeans Dividends Unpaid oie } DEDOSILS eeiereceeeeeieeeeniaeeenamennenemmseaseammmneeeeee-- 12,860,039 TOTAL 319.304.9768 18 108 %50 200,000 300,000 174,747 153,000 - 30,000 12,062,885 GREAT FALLS NATIONAL BANK. Great Falls, Montana ~~ CONTROL: By Northwest Bancorporation, Minneapolis, Minn. HISTORY: Chartered under National Bank Act in 1891. Coa Departments: Conducts a. general banking business. Members of: Federal Reserve. . Co ] . . Correspondents: Irving Trust Co., New York; Continental Illinois’ Bank and Trust Co., Chicago; First National, Minneapolis. MANAGEMENT: L. M. Ford, Pres.; S. S.: Ford, F. M. Burke, Vice Pres.: R. R Williams, Cash.; J. T. Kremer, Asst. Cash. | YET EE : DIRECTORS: L. M. Ford, S. S. Ford, T. W..Church, F. J. Giés, F. M. Burks. CAPITAL: Authorized and outstanding, $250,000; Par Value, $100. ; DIVIDENDS: No dividends till last auarter of 1929 when 29% was paid. BANKS AND TRUST COMPANIES COMPARATIVE STATEMENT, As of Dec. 31 RESOURCES— [.oans, Discounts, etc. ...... (7. S. Government Bonds i ieee eee Mther Securities and Real Estate i. Cash and Exchanges 0 reer 'nterest Earned ...... 1929 .360,963 279,000 805,157 540,317 23,178 so TOTAL ..... LIABILITIES Tapital Stock ......... eee Surplus and Undivided Profits .......... Circulation NE ee mmmmeemeeeeeceasseeseseecescmsieciecessssmsmassemnnns RESET VE coeeecie oo meeeememeameceecccccemeessssessemsmmmseeseessesnaseses Interest ACCTUEQ oii cman eee ane ean Dividend Checks .... Deposits .... $3,108,615 250.000 117,471 15,100 6,873 6,898 5,000 2.607 273 TOTAL ...... Book Value Of StoCK oer eecceeeeeea canes Ratio, Deposits to Capital iin. Ratio, Deposits to Cap. & Surplus oi. 1928 1,648,058 276,000 853,964 746.207 3.5%4.2.9 250,000 103,969 125,000 A Oa “68 3 J... CONRAD BANKING CO., Great Falls, Mont. HISTORY: Organized in 1900, incorporated in 1911. viembers of: A. B. A. and Montana Bankers Assn. Departments: Commercial, Savings, Safety Deposit. Correspondents: National City Bank, Guaranty Trust Co., New York: First National Bank, Boston; Continental Illinois Bank & Trust Co.,, Chicago; American National Bank, St. Paul. DFFICERS: Otto Bremer, Chairman; G. J. Johnson, Pres.; O. J. Malcolm, Vice Pres. & Cash.; D. A. Davidson, Asst. Cash.; C. J. Thronson, Asst. Cash.; W. F. D'Leary, General Counsel. DIRECTORS: Otto Bremer, J. D. Ross, G. J. Johnson, O. J. Malcolm, W. F. O'Leary, D. O. Wentworth, W. R. Armstrong. CAPITAL: Authorized and Outstanding, $250,000; Par Value: $100.00. DIVIDENDS: None since 1920. Number of Stockholders: 17. INCOME ACCOUNT, Years Ending Dee. 31 ‘928 2269 215 ross Earnings .................. Expenses, Taxes, etc....... Net Profits cus Fflarned per share of stock..... Book Value of Stock............. Ratio, Deposits to Capital....................... Ratio. Deposits to Can. & Surolus........ $122 9.3:1 78:1 TOMPARATIVE STATEMENT, As ¢ ber. RESOURCES-1 2928 221,341 1,003 £000 SR LOANS .cceereeeeenes Overdrafts o.oo Bonds, Stocks, etc. Bank House, etc..... Government Bonds ..........oocoiiiee... Call Loans ...................... Cash & Exchange....... 1929 232,658 "58 217 ; 1927 $1,217,896 343 169,070 147,092 236,984 100,000 R09.12¢ om Ie . TOTAL ............ LIABILITIES Capital Stock iia. Surplus & Undivided Profit........ DePOSIES coi & LON a ~ Mg C - Ja 260,000 54,129 .376. 3856 rOTAL ....... L. 1 ¥ 2 680.514 Fa THOMSON'S MANUAL MERCHANTS NATIONAL BANK, Glendive, Mont. HISTORY: Started 1883, Nationalized 1906. Departments: Commercial, Savings, Safe Deposit. Members of: Federal Reserve, A. B. A.,, Montana Bankers’ Association. Correspondents: Chase National Bank, New York; Continental Illinois Bank & Trust, Chicago; American, Helena; First National Bank, St. Paul; Northwestern National Bank, Minneapolis; American National Bank, Helena. DFFICERS: R. H. Watson, President; N. H. Buttelman, Vice President; W. R. Worthington, Vice President; R. H. Watson, Cashier; R. E. Iverson, Assistant Cashier; M. Houck, Assistant Cashier. DIRECTORS: N. H. Buttelman, W. R. Worthington, F. P. Fleming, John Buttelman, M. G. Danskin, R. H. Watson. CAPITAL: Authorized and Outstanding, $100,000; Par Value, $100. FINANCIAL STATEMENT, Mar. 27. 1930 RESOURCES LIABILITIES [Loans and Discounts... wmnesresd Capital Stock .veeereeer eevreeenne. $d 100,000 SAE ol Rn ne Surpl. & Undiv. Profits... 58,036 Bank Building .....c..... Deposits ........ 980.521 Other Real Estate........... Furniture & Fixtures... £7. 8. Bonds... ones » Bonds & Warrants.................. “ach & Due from Banks....... 51,138,557 Book Value of StocK.......ccccoeeeeennnee...$158 Ratio, Deposits to Capital................9.8:] Ratio. Deposits to Cap. & Surplus..6.2:1 21 128 Hh: AMERICAN NATIONAL BANK, Helena, Mont. CONTROL: By First Bank Stock Corp., Minneapolis, Minn. HISTORY: Chartered under National Bank Act in 1890. Departments: General banking. Members of: Federal Reserve System. Correspondents: Guaranty Trust Co., New York; Continental Illinois Bank & Trust Co., Chicagce; First National, St. Paul; First National, Minneapolis. MANAGEMENT: A. C. Johnson, Pres.; T. O. Hammond, Exec. Vice Pres.; C. B. Dower, F. H. Johnson, Ford Johnson. Vice Pres.; G. E. Stadler, Cash.; J. L. Slattery, Asst. Cash DIRECTORS: A. C. Johnson, G. E. Stadler, Henry Sieben, C. B. Power, F. H. Johnson, Ford Johnson, T. O. Hammond. CAPITAL: Authorized and outstanding, $200,000; Par Value, $100. DIVIDENDS: 1926, 1928, incl., 12%; 1929, 15%. COMPARATIVE STATEMENT, As of Dee. 31 1929 575,000 604,439 920,000 864,211 10,000 “05,899 25.209 F49 1928 $ 733,375 458,450 73,248,815 50,000 1,159,156 $5 649.796 LIABILITIES— Capital Stock .eemeeeen. Surplus and Profits ....... Circulation aoccccooaeneaes DCD OST S cee eee eee ese acmm mem ——————— “0,000 =. 11,0267 -00,000 1 ROR (IR2 $ 200,000 280,153 100,000 5.069.643 ,796 1240.08 25:1 10:1 Book Value Of StOCK eee eeemaeee Ratio, Deposits to Capital ooo eeees Ratio. Deposits to Cap. & Surplus ____. $K. ge } MONTANA TRUST AND SAVINGS BANK, Helena. Mont. CONTROL: Affiliated with National Bank of Montana. Correspondents: New York Trust Co., New York: First National. Chicago: American Trust Co., San Francisco. OFFICERS: Thomas A. Marlow, Pres.; Albert L. Smith, Vice Pres.; Trevor O. Hammond, Vice Pres.: T.eon 8. Hazard, Cash.; Lloyd G. Kiest, Asst. Cash.; Walter Brutsch, Sec. DIRECTORS: T. B. Weir, Owen Byrnes, F. E. Kessler, C. J. McNamara, Leon S. Hazard, Aubrey M. Holter, Albert L. Smith, W. T. Kuehn, Trevor O. Hammond, Richard Cruse, Thomas A. Marlow. CAPITAL: Authorized and Outstanding, $150.000: Par Value: £100. DIVIDENDS: 1928 & 1929. 8%. BANKS AND TRUST COMPANIL.3 COMPARATIVE STATEMENT, As of Dee. 31 RESOURCES— 1929 Loans & DisCOUNtS. iit 628,142 Bonds and Warrants... FO 002,894 Furniture and Fixtures. iets. 15,000 United States Bonds... ieee reaeanas 353,200 Call Loans ....... 155,000 Cash .. 838.315 TOTAL . LIABILITY Capital Stocn surplus .......... ... [Individed Profits Deposits . 52.992 1928 540,299 973.189 “5,000 ,400 © T00 “6 - 1000 20,000 -2,822 "00,802 TOTAL cee Book Value Shares... NATIONAL BANK OF MONTANA, Helena, Mont CONTROL: First Bank Stock Corp. of Minneapolis owns 95%. subsidiaries: Montana Trust & Savings Bank is an affiliated ban: HISTORY: Chartered under National Bank Act in 1900. Viembers of: Federal Reserve. Departments: General Banking Business. Correspondents: National City Bank, New York; Chase National Bank, New York: First National Bank, Chicago; Merchants Laclede National Bank, St. Louis; First National Bank, St. Paul; First National Bank, Minneapolis; Omaha National Bank, Omaha; Wells Fargo Bank & Union Trust Co. San Francisco; Peoples Bank & Trust Co., Seattle; United States National Bank. Portland; Walker Bros. Bankers. Salt Lake City. OFFICERS: Thomas A. Marlow, Pres.; Albert L. Smith, Vice-Pres.: Trevor O. Hammond, Vice-Pres.; Fred Heinecke, Cashier; Leon H. West, Asst. Cashier. DIRECTORS: H. W. Child, Albert L. Smith, Aubrey M. Holter, Trevor 0. Hammond, C. J. McNamara, S. L. Smithers, F. E. Kessler, W. W. Phillips, Thomas A. Marlow. CAPITAL: Authorized and Outstanding, $250,000; Par Value: $100 DIVIDENDS: 1926 and 1927, 10 pct.; 1928, 16 pct.; 1929, 15 pct. Number of Stockholders: 11. COMPARATIVE STATEMENT, As of Dec. 31 RESOURCES 1929 Loans & Discount "1,706,094 Dverdrafts ........... eemaceemeeeneeemeemnaananann 38 BONAE & WAPTARL. crimes serosa gies 358.196 BARKING House && idl mmsmsmmsssissssimsissisnmmsiis fms annoms aeons 30,000 U. S. Bonds......... ee eoeeeemmecmatcsetcascmceseesseectmmenenmemmnnen ar X74 800 Call Loans ...... PRAT RIRY 03,000 Cash 163 "24 1928 $1,364,634 1,252 580,920 95,500 221 500 £00 971.967 TOTAL .. LIABILITI}. Capital ... CA SR SS ER EAR ER mE FR mh pe a em Undivided Profits eee eee eee eee amen CIPCUIALION ccconscimimimrimimnmmmisnimion siminemmmntmmgseones sens snmmmmnnemmnesmasn = Dividends Unpaid .......... Deposits 9 250,000 150,000 25,925 00,000 4,737 Sn () 90 % L089 nn NoQ TRE AR TOTAL eee, BOOK Value of StoCK eee Ratio, Dep. tO CaP. eee eee eee Ratio. Dep. to Cap & SurnluS.......... 28. UNION BANK & TRUST CO., Helena, Mont. CONTROL: Northwest Bancorporation, Minneapolis, Minn. HISTORY: Incorporated under Montana laws in 1898. Departments: Commercial, Savings, Trust. Bond and Safe Deposit Miembers of: Federal Reserve. DFFICERS: S. McKennan, Pres.; Frank Bogart, Vice-Pres.; A. P. Curtin, Vice-Pres.; A. T. Hibbard, Vice-Pres. & Cash.; H. C. Schuyler, Vice-Pres. & Tr. Officer: Joseph W. Chivers, Asst. Cash.; C. E. McGuinness. Asst. Cash.; N. N. Davidson. Asst. Cash. DIRECTORS: Frank Bogart, A. T. Hibbard, W. J. Bradshaw, W. J. MacHaffie, A. P. Curtin, S. McKennan, M. S. Gunn, E. J. Murphy, D. R. Wallace. CAPITAL: Authorized and Outstanding, $250,000; Par Value: $100. DIVIDENDS: 149 per annum paid since 1910. THOMSON’'S MANUAL STATEMENT OF CONDITION, Dec. 31, 1929 RESOURCES I.LTABILITIES Loans and Discounts.................$1,814,609 Bonds and Warrants.............. 241,330 3uilding and Fixtures... 2,000 Stock in Federal Reserve... £90 Bonds & Securities.......ccocooreaes ,e21 ~ash and Due from Banks..... :.135.879 Capital ...... Surplus cerns Undivided Profits .occovinnn. | DYN 0 To 1-0 § A 3 250,000 150,000 159,134 2 410.505 Total oon -- $3.969.639 MT oOotaAl ome eee e..33.909.639 FIRST NATIONAL BANK, Kalispell, Mont. HISTORY: Chartered under the National Bank Act June 19. 1891. Absorbed Kalispell National Bank May 22, 1915. Members of: Federal Reserve, A. B. A., Montana Bankers’ Association. Correspondents: Guaranty Trust Co., New York: Continental Illinois Bank and Trust Co. Chicago; First National, St. Paul; First National, Minneapolis; Old National Bank and Union Trust Co. Spokane. OFFICERS: H. C. Keith, Pres.; G. H. Adams, Vice Pres; A. P. Smerud, Cash.; W. F. Schnell, Asst. Cash.; H. J. Hunt, Asst. Cash. DIRECTORS: H. C. Keith, H. E. Houston, C. B. March, Paul Keils, C. H. Foot, Henry Good, G. H. Adams, W. F. Schnell, Chas. Kettelholm. CAPITAL: Authorized and outstanding, $200,000; Par Value, $100. DIVIDENDS: 1920 10 pct. regular 12 1-2 pct. extra; 1921-1923, incl.,, 8 pct.; 1924, 7 pet.: 1925.4 pet.: 1926 and 19127, none; 1928 and 1929, 2 1-2 pct. COMPARATIVE STATEMENT, As of Dee. 31 1928 $ 971,806 307 328,982 71,882 7,600 "158 ©,750 296,407 $1.930.792 RESOURCES— 1629 Loans and Discounts. 892,901 Dverdrafts .ceoceeecemeeienen 3,257 Bonds, Securities, etc. . .... 298,108 Real Estate, ete. cooeeeeeee. meme camcemae eneen 63,957 Fed. Res. Bank StoCK iin 7,600 J. S. Government Bonds. .iiimenennnns 240,750 Redemption Fund .oimieens 8,750 Nash and due from banks et 319,095 So %1.834.318 1927 $ 901,195 51 322,198 74,914 7,600 236,472 8,750 243.915 $1.795,045 TOTAL ——— LIABILITIES — Capital Stock ......... reeemenneeeeer$ 200,000 Surplus and profits ees 67,500 Reserve for Taxes and Depreciation ........ 10,898 Circulation JR erm 74,995 Dividends Pavable ..... a Deposits pr 1.380.925 200,000 63.690 3,443 *'995 900 200,000 54,991 15,003 174,995 1,350,056 31,795,045 $127 6.7511 53:1 Book Valuue of Stock .omcveicces ee Ratio, Deposits to Capital ..eeriiiiiriaiennes Ratio. Deposits to Cap. & Surplus ......._.... vA NATIONAL PARK BANK IN LIVINGSTON. MONTANA SONTROL: By First Bank Stock Corporation, Minneapolis, Minn. HISTORY: Chartered under National Bank Act, Oct. 10, 1929, as successor to National Park Bank, chartered under National Bank Act in 1882. Commenced business Oct. 15, 1929. Departments: Conducts a general banking business. Correspondents: Chase National, New York; First National, Chicago, St. Paul and Minneapolis; Crocker First National, San Francisco; Omaha National, Omaha; First Seattle Dexter Horton National, Seattle; National Bank of Montana, Helena; Old National Rank & Trust Co.. Spokane: Metals Bank & Trust Co, Butte. OFFICERS: J. C. Vilas, Chairman; N. A. Telyea, Pres.; D. J. Fitzgerald, Cash.; R. HH. Talcott, Asst. Cash.; D. V. Higbie, Asst. Cash. DIRECTORS: J. C. Vilas, N. A. Telyea, D. J. Fitzgerald, R. H. Talcott. D. V. Higbie, J. N. McCracken, Fred L. Gibson, L. H. Van Dyck. CAPITAL: Authorized and outstanding. $100.000: Par Value, $100. DIVIDENDS: 1928. 209%. BANKS AND TRUST COMPANIES COMPARATIVE STATEMENT, As of Dec. 31 1929 18,635 RESOURCES— Loans and DISCOUNTS curummmiermmmmeesmmmmmmesp omens enpimtmmpmmisomsassmim) Overdrafts ..... [. 8. Securities .... © event eeeeeieeeeiiceceeesesascaeenn Other Securities . SR TR SAA RATA) Banking House .... ocean ae Real Estate .................. etme eeteiccmceeeescmeecesesaanane at Cash and In Banks....oammmarommmimmmseismimimsssosssios Interest Earned (Uncollected) ....... Fed. Res. Bank Stock ... 321,550 ,162,014 11,544 12,000 15,945 £5,219 6.000 LIABILITIES-Capital Stock .... EERIE hn man manne) Surplus oon cee eee emcee eae Cndivided Profits oie eerie meee ('nearned and Accrued Interest... i. Deposits cocoons ememmeeme een mveemeeeeeeseeeeeneen Dividends Unpaid .... ee eeeemeenann 100,000 100,000 4,499 30,488 D9E,545 2.375 1928 $1,707,981 189 347,150 863,462 10,000 139,942 669,196 100,000 100,000 34,276 “CL44 400 TOTAL eee... Book Value of StocK.......... ..... Ratio, Deposits to Capital.....c.cooommmircieniiennnes Ratio. Deposits to Cap. & Surplus... NATIONAL BANK OF LEWISTOWN, Lewistown, Montana CONTROL: First Bank fF Stock Corporation. Minneapolis, Minn. HISTORY: Established 1924 Hembers of: Federal Reserve, A. B. A. State Bankers’ Association. "orrespondents: National City Bank, New York; Continental Illinois Bank and Trust Co. Chicago; First National Bank, Minneapolis; First National Bank, St. Paul; Metals Bank, Butte; National Bank of Montana, Helena. OFFICERS: B. N. Forbes, Pres.; P. J. Osweiler, Vice Pres. and Cashier: R. S Baker, Asst. Cashier. CAPITAL: Authorized and Outstanding, $150,000: Par Value ~ ~ DIVIDENDS: 129%. STATEMENT OF CONDITION Dec. 31, 1928 RESOURCES— .oans and Discounts .... eet eeane nme eaee seen naananns GG. OV CT Ar A ES cee eee eee e eran eee eee eee eee 3. Fed. Reserve Bank StocK oe Furniture and FiXtures o.oo eee Bonds and WarTan US. ieee eee eee eee eee eee eee ee eee U. S. Gov. Securities..... een emene een. rash and Exchange .. 704,869.21 257.23 + 400.00 .670.00 £911.45 "5,800.00 41,572.62 TOTAL RESOURCES ... LIABILITIES— Capital Stock .... surplus een ['ndivided Profi =» _... Dividends Unpaid ...... Deposits »1.531.480.51 eemmeereenan 150,000.00 30,000.00 20,229.19 15,000.00 216 251.22 TOTAL LTARILI™ Book Value of Stock.......... ... . RE EERE Eh merger Ratio, Deposits to Capital... Ratio, Deposits to Capital and Survlus............ AY 6.4 FIRST NATIONAL BANK IN MILES CITY, MONTANA CONTROL: First Bank State Corp. of Minneapolis, acquired control in 1929. HISTORY: Chartered as First National Bank of Miles City under the National Bank Act Aug. 1882; name changed may 12, 1924. Departments: Banking, savings, trust and safe deposit. Members of: Federal Reserve System, A. B. A, Montana Bankers’ Association. Correspondents: Chase National, New York: Continental Illinois Bank & Trust _o., Chicago; Peoples’ Bank & Trust Co., Seattle; First National, St. Paul and i ipnea alas; Northwestern National, Minneapolis; National Bank of Montana, elena. DFFICERS: G. M. Miles, Chairman: H. H. Bright, Pres ; Oscar Ball Vice Pres.; I O. Hammond, Vice Pres.: J. C. Laughlin. Cash.; W. C. Henderson, Asst. Cash.; A. E. Schnad, Asst. Cash. DIRECTORS: G. M Miles, Oscar Ball, T. O. Hammond, C. D. Terrett, H. H. Bright, John Barley, J. C. Laughlin, W. C. Snell, W. C. Henderson. CAPITAL: Authorized and outstanding, $150,000; Par Value, $100. DIVIDENDS: 1916 and 1917,: 35 pet.: 1918 and 1919, 30 pet.; 1921-25, incl.. none: 1926, 6 pct.; 1927-1929, incl., 10 pct. THOMSON'S MANUAL INCOME, ACCOUNT, Years Ending Dec. 31 1929 $185,465 120,269 65,196 25,750 9,446 29 98 Gross Earnings ................ Expenses, Taxes, etc. .... ree mem AS H——————— men Net Profits -. eeeemaeemmmemeeeesmeemeemesesessmcnceoeceesens IMVIALCHASR POAQ .ercrmcommmmmmmmmamapnrnine did SE AH ER SSA AE SORIA TESA SY SARE, Ficwn Surplus earned fOr YeAT .oocrireiemceicceaaanannnnes Earned per share of sStoCK ca STATEMENT OF CONDITION, Dee. 31, 1929 TIT. TARIL.ITIRES RESOURCES Loans and Discounts Banking House .... Furn. and Fixtulas.. Fed. Res. Bank Stor: Bonds & Warrants... U. S. Bonds .. Magh -$ 835,205 70,000 - 377 00 ~32 J0 nT Capital ..... Surplus ..._........ Undivided Profits cccoociiciaeaaeen Dividends Unpaid ...oocociamnn.e. Deposits --.. 3 1928 $490,517 165,498 25,019 15,000 10,019 16.68 150,000 100,000 50,859 4,290 2,823,652 eee $8 128,701 TOTAL ee eee eee $3,128,701 Book valuue of stock, $201 Ratio. Deposits to Capital. 18.8:1. Ratio. Deposits ro Cap. & Surplus, 9.4:1 FIRST NATIONAL BANK, Missoula. Mont. HISTORY: Established 1873. : Departments: Gen. Savings, Trust, Safe Deposit. Members of: A. B. A. and State Bankers Assn. Correspondents: Equitable Trust Co, N. Y.: First National Bank, Chicago; First National Bank, St. Paul; American National, Helena: Old National Bank, Spokane; Wells Fargo Bank, San Francisco. OFFICERS: A. R. Jacobs, Pres.; D. C. Smith, Vice-Pres.; H. R. Greene, Cashier; £. R. Anderson, Asst. Cashier; Theodore Jacobs, Asst. Cashier. DIRECTORS: S. J. Coffee, John R. Daily, Howard Toole, Walter L. Pope. CAPITAL: Authorized and Outstanding, $200,000; Par Value, $100. STATEMENT OF CONDITION, Dee. 31. 1929 RESOURCES LIABILITIES i.0ans and Discounts..............$1,268,613 Surplus and Profits............. 160,187 U. S. Bonds & Other Securities 1,201,979 Dividend No. f emma 20,000 Banking House, Furn. & Fix... 159,305 Circulation ... 180,080 “ash on Hand, Lib. Bonds, Due Deposits .ccooocael 3,230,465 vom Banks and U.S. Treas. 1.160,835 Capital Stock .eeeeeceeceeeeee ® 200.000 TOTAL eran smnmnnennennee- $8,790,732 TOTAL ceeeeeeens eenennnanceeeeae-$3,790,732 Book Value of Stock: $180: Ratio. Deposits to Capital. 16.2:1: Ratio. Deposits to Manital and Surplus. 9:1. WESTERN MONTANA NATIONAL BANK, Missoula, Mont. CONTROL: First Bank Stock Corp., Minneapolis (acquired control in 1929). HISTORY: Chartered under National Bank Act Feb. 13, 1889. Departments: Commercial, savings, trust, safe deposit, bonds. viembers of: Federal Reserve System, A. B. A.,, Montana Bankers’ Association. Correspondents: Guaranty Trust Co. and Chase National, New York; Continental Illinois Bank & Trust Co.. Chicago: Northwestern National, Minneapolis: First National, St. Paul. DFFICERS: F. T. Sterling, Pres.; L. O. Evans, Vice Pres.; J. W. Sterling, Cash.; Jewell Gough, Vice Pres.; Will H. Clark, Asst. Cash. DIRECTORS: C. F. Kelley, H, O. Bell, J. W. Sterling, L. O. Evans, Newell ough, F. T. Sterling, W. L. Murphy. CAPITAL: Authorized and outstanding, $200,000; Par Value, $100. DIVIDENDS: 1910 to 1914, incl, 129%; 1915, 10%: 1916. 5 pct.; 1917, 9 pet.: 1918. R pet. 1919 to 1929. incl, 12 pect. CROWTH— Mgpital 200,000 200,000 200 000 Surplus Undiv. Profit Deposits $ 50,000 $ 1,904 $1,482,730 50,000 27,656 2,675,447 100 000 108.657 4.435.804 BANKS AND TRUST COMPANIE: INCOME ACCOUNT, Years Ending Dec. ™* 1929 Gross Earnings .oiiiiiieen Expenses, Taxes, etc. .... Reserve, etc. Sosa 208 2,479 Net Profits .... Dividends Paid .... Surplus earned for vear.. Earned per share .. Book Value of Stock ...... Ratio, Deposits to Capitéaicooceeeee.... PT Ratio, Deposits to Cap. & Surpl.................. 20.9:1 COMPARATIVE STATEMENT, As of Dec. . RESOURCES— 1929 192% Loans and Discounts ..... i... $2,126,444 2,896,865 Real Estate ............... 30,962 23.681 Furniture and Fixtures ........ 28,444 8,941 Stock in Fed. Res....... 9,000 Bonds & Warrants .. 290,770 . S. Bonds ..ococeeveeennnn.. 533,650 Due from U. S. Treasurer.. 5,000 Cash in Vault .. 120,189 Dverdrafts ...ooocoeeee vee een eeeenans eee Outside Checks & other cash items... Reserve in Fed. Res. Bank 7969 096 TOTAL ... LIABILITI Capital .... surplus ['ndivided Profits ...... Circulation —--DEPOSITS, eee eeeeeaean Reserves for Dividends ...........oo.oo.... 0000 00 657 “00 35 f° OC £00 TOTAL, “4 566 a 1927 $3.155,347 31,637 9,546 7.500 377,161 ‘R550 ~00 59 0H, 000 ,000 ~. 141 * 500 ,259 2 000 0.216.400 FIRST NATIONAL BANK. Astoria. Ore. HISTORY: Founded in 1886. Departments: General Banking. Hembers of: Federal Reserve, A. B. A, Correspondents: Chase National, New York; First National, Chicago; Crocker first National, San Francisco; U. S. National, Portland. OFFICERS: H. M. Flavel, Pres.; W. S. Hamilton, Vice Pres.; S. S. Gordon, Cash.; [. S. Miller, Asst. Cash.; E. L. Paldanius, Asst. Cash.; S. G. Dempsie, Asst. Cash. CAPITAL: Authorized and outstanding, $100,000. Par Value, $100. DIVIDEND: 1929, 109. STATEMENT OF CONDITION, Dec. 31, 1929 RESOURCES LIABILITIES Loans and Discounts.. Capital Stoel 100,000 Overdrafts Surplus ........ 10,000 UC. 8S. Gov. Securities. Undivided Pri 36,233 Other Stock Owne. Circulating Notes 10.000 Raving Howse Cert. & Cash. Chec’ £0,000 caer EE ts Demand Deposits ..... . 5.350 Cash & Due from Postal Savings Deposits. . ,543,999 Cash Items ...... Other Liabilities ...................... 338.364 Redemp. Fund. 1. Reserve for Dividends.............. 752 ren 32.114.698 FIRST NATIONAL BANK. Ashland. Ore. HISTORY: Established in 1901. . Departments: Commercial Banking, Savings, Safe Deposit, Bonds, Trusts Members of: Federal Reserve, A. B. A, and State Bankers’ Assn. Correspondents: Equitable Trust, New York; Wells Fargo Bank & Union Trust To., San Francisco; West Coast National, Portland. OFFICERS: E. V. Carter, Pres.; C. H. Vaupel, Vice Pres.; J. W. McCoy, Cash.; C. H. Hedberg, Asst. Cash.; G. H. Wenner, Asst. Cash.; H. C. Emery, Asst. Cash. DIRECTORS: W. H. McNair, Thos. H. Simpson, F. D. Wagner. CAPITAL: Authorized and outstanding, $100.000. Par Value, $100. DIVIDENDS: 129 per annum. pe > THOMSON'S MANUAL COMPARATIVE STATEMENT, As of Dee. 31 1929 571,873 339,325 389,391 16,696 12,394 72,131 186,974 1,172 5000 RESOURCES— Loans and DiS COUNES eenieeeeeemeeesaamsanasaomnineanne seanmssnsnessnmsesseanmerasas | U. S. GOV. SeCUTIEIES ceiiiiiamammimae ieee Other SeCUTITIES irri eres esos ma meena Banking House and FiXTureS. oo meioeeenmeeeanesnnnanaocee Other Real Estate. imino nennriens oe Reserve, Fed. Reserve Ban. ieee Cash and Due from BANKS. ican DASH TE@IMIS coeemimocacomccoceccasmmammamnssesnoemrmssrmmmenosasaatono esas snssnaa as Redemption Fund. TI. S. Treasurer. aaa LIABILITIES— Capital Stock Ee ATA EERE Undivided Profits .ceeeeooooomeiiiriiirrsmnnsss ssn ase senna anaeen RESET VES coomuimaeemimenasmmassocemeammammmsassssmmasamosammams mma ssssnsias reso asannnans soos CHTYCUIALION ooeeiimeemmnecacmcccacaresemnmmasssmmasnanbeam nnn aman ans ono ana ca moana ann aan nas Due tO BANKS oieeoiioicceocccommmecnmeeoeeiar romano sn masta snes sane Deposits... ems R————————tem er AEE RE SR en Ce .....%1.594.956 100,000 50,000 25,644 7,000 93,155 4,557 1.214.600 B00k Value Of STOCK i eeieeceeee irri mme annmmmrnias ease nee Ratio, Deposits to Capital renin Ratio. Deposits to Cap. & Surplus... 594 956 $176 13.1:3 77 1928 $§ 640,281 386,724 407,577 15,478 14,714 72,518 166,312 105 5.000 $1.658.709 $ 100,000 50,000 16,296 2,500 89,845 11,967 1.388.101 $1,658,709 $166 14:1 8:1 FIRST NATIONAL BANK, Albany, Ore. HISTORY: Established in 1871. Members of: A. B. A. and State Bankers’ Assn. Correspondents: Irving Trust Co., New York: Anglo & London-Paris National san Francisco; U. S. National, Portland. OFFICERS: P. A. Young, Pres.; F. E. Callister, H. B. Cusick, Vice Pres.: H. B Musick, Cash.; John G. Bryant, Maude "A. Bryant, Asst. Cash. DIRECTORS: P. A. Young, M. Senders, F. E. Callister. Co CAPITAL: Authorized and outstanding, $125,000. Par Value, $100. STATEMENT OF CONDITION, Dee. 31, 1929 RESOURCES LIABILITIES Loans and Discounts ............$ Capital Stock .eeceeceeeer ooei.$ 125,000 Overdrafts .ooocoemeieiiniienee eens SULPIUS ceoccoociinmmeee me mmecnananns 30,000 U. S. Gov. Securities......ccccceeeeee. teed : ee ’ Other Bonds & Securities . Undivided Profits co... 2,533 Bank House & Fixtures Circulating Notes ..cooceeeeeeee 100,000 Other Real Estate............ Due to Banks. ..ccceecoommmnnnnnnaaas 134,744 Reserve with Fed. Reserv Demand - Deposits .coeeccceccceicenan- 712,422 Cash & Due from Bank: Time Deposits 195.042 Dther Cash ItemsS.......cccoeeemeees (c . Te ’ Redemp. Fund, U. S. Treas. 5.000 Bille Payable & Rediscounts 101.650 — — TOTAL eoeeeeceannen een $1,381,391 TOTAL eeeeameanennnneneeneeeee- $1,331,391 Rook val. stock $110. Ratio. dep. to cap. 6.69:1. Ratio, dep. to cap. & surpl. 5.3:1. CITIZENS' NATIONAL BANK, Baker, Oregon SUBSIDIARIES: Each stockholder also owns a like number of shares of Baker Finance Co. Capital, $50,000; Surplus, $4.000. Departments: Commercial. viembers of: Federal Reserve. OFFICERS: T. G. Montgomery, Pres.: J. N. Struchell. Vice-Pres.: ¢C. W. Wright. Jashier; W. A. Mauger, Asst. Cashier. , DIRECTORS: J. N. Struchell, Chairman; T. G. Montgomery, F. W. Eppinger, Ww. H. Browning, Dr. C. J. Bartlett, F. C. Vaughn, Leo Adler. CAPITAL: As of Dec. 31, 1929: Authorized and Outstanding. $100.000; Par Value. $100. DIVIDENDS: 89 per annum. ‘NKS AND TRUST COMPANIES COMPARATIVE STATEMENT, Ax of Dee. 31 RESOURCES— [JOANIE convccssemnmunnss ammmmm E S RRSARAANS TASAR Earned Interest ..... ———— WATT ANNES ceeiiees cooeecisemceocias commemssessomoameeeos naam mrenmnasasano ton msonns naan Furniture and Fixtures ones Bank Premises ... A — Municipal Bonds ene rash and Exchange........ 1929 515.259 3.614 6,894 9,899 30,600 2,600 R200 ©2000 204 862 «1 100° 0 1928 -569,201 6.693 8,704 11,724 31,000 3,600 ’4,500 6,000 132.151 93.575 I1.TABILITIE. [*ADITAL .occvinmnninen Et] Surplus and Profits... een Dividends UnNpPai@ .oooooocoooimimoiimmr ie mieecinr ecm sna nnn ensneca National CUTITENCY iiiiieicrcon comcmemamsassssansmearas cosmmsansossasoes Deposits ..... 00,000 6,. 66 “00 G vy 9 R3 100.000 55.529 82,350 65.695 Book Value of Stock... Ratio, Deposits to Capital... Ratio Deposits to Capital and Surplus...........__. FIRST NATIONAL BANK, Baker, Ore. HISTORY: Founded in 1883. Departments: General Banking. lembers of: Federal Reserve System. Correspondents: Chemical Bank & Trust Co., New York; National Bank of Republic, Chicago; U. 8. National, Portland; Wells Fargo Bank & Union Trust Co. San Francisco. OFFICERS: William Pollman, Pres.; Paul E. Pollman, Vice Pres.; U. I. P. Mc “ord, Cashier; Francis W. Herr, Ass’'t Cashier. DIRECTORS: William Pollman, Paul E. Pollman, . Shockley Heilner, John Schmitz, O. H. P. McCord. CAPITAL: Authorized and Outstanding, $200,000; Par Value, $100 DIVIDENDS: 129. COMPARATIVE STATEMENT, As of Dee. 31 RESOURCES— 1929 Loans, Discounts, €tC. ..cvevocceemcce + cones eeraaneeee- $1,195,749 LU. 8S. Government Bonds oie ... 618,600 DEther SeCUTI ICS oti eeeeeeeea ieee ane ceeec moa c sme snnn 165,931 Banking House, etc......... eee eememtmememeeneeemeneeememereeeenaan 30,926 “ash and Exchange........ rn cnrn mn SE RAR 573,526 1928 375,869 729,360 177,122 21,926 358,180 TOTAL LIABILITIF (Capital Stock ll eran Surplus and Undivided Profits oon Circulation .... pre wy mem ARR ER Deposits TOTAL cies Book Value Of StOCK ieee eee Ratio, Deposits to Capital o.oo iia, Ratio, Deposits to Cap. & Surplus... 5 & vg 290 enn BR 200,000 2. 6,066 50,000 276.387 B 3: For Current Information on OREGON SECURITIES Read— CHAPMAN’S WEEKLY «. C. Chapman, Publisher ¥. H. Young, Edito 203 Guaranty Bldg.. Portland, Ore yA ra THOMSON'S MANUAL FIRST NATIONAL BANK OF CORVALLIS, Corvallis. Oregon CONTROL: By Corvallis First National Corporation. HISTORY: Organized 1890 with capital stock of $50,000; Increased 1927 to $100,000. SUBSIDIARIES: First Mortgage Security Company of Corvallis and Corvallis State Bank. Departments: Commercial, Savings, Trust Department. Members of: Federal Reserve, Oregon State Bankers Assn.. U. S. Chamber of Commerce. . Correspondents: First National Bank, Portland, Ore.; U. 8S. National Bank, Portland, Ore.; Bank of California, San Francisco; Anglo and London Paris National Bank, San Francisco; Continental Illinois Bank and Trust Co., Chicago; First National Bank, Chicago, Ill.; National City Bank, New York; Chase National Bank, New York. OFFICERS: E. E. Wilson, Chairman; C. H Woodcock, Pres.; BE. F. Wiles, Vice-Pres.; J. W. Foster, Vice-Pres.; M. E. Woodcock, Vice-Pres.; P. A. Eckman, Asst. Cashier; V. W. Arpke, Asst. Cashier. DIRECTORS: J. W. Foster, E. F. Wiles, E. BE. Wilson, E. J. Woodcock, M. E. Woodcock, C. H. Woodcock. CAPITAL: As of Mar. 27. 1930: Authorized and Outstanding, $100.000; Par Value 2100. STATEMENT OF CONDITION, March 27, 1930 RESOURCER® LIABILITIES .oans and Discounts... Capital Stock Paid Tn................§ 3anking House............. .... Surplus Fund .... J was wma Furniture and Fixtures........ Undivided Profits ... ... vas Red. Fund with U.S. Treas... reserve .... ——-Coml. Paper and Call Loans Circulation _. ae U. S. and Other Bonds............ deposits . ‘ach and Due from Banks. 100,000 40,000 15,533 3,750 49,100 1.578.481 $1,786,865 $156 15.8:1 11.31 Book Value of Stock............. Ratio, Deposits to Capital........................ .. Ratio. Deposits to Capital and Surplus..__.. FIRST NATIONAL BANK, Eugene, Ore. HISTORY: Chartered under National Bank Act in 1883. Departments: Commercial, Savings, Safe Deposit and Trust. Members of: Federal Reserve, A. B. A, Oregon Bankers Assn. Correspondents: National City Bank, Chemical Bank & Trust Co. New York; First National, Chicago; Well Fargo Bank & Trust Co. Anglo London Paris National Bank and Crocker First National Bank, San Francisco. OFFICERS: A. A. Rogers, Pres.; Darwin Bristow, Vice Pres.; W. T. Gordon, Vice Pres.;: O. A. Houglum, Cash.; L. J. Temple, Asst. Cash.; L. S. McCready, Asst. Cashier; L. W. Rowling, Asst. Cash.; R. C. Merrill, Asst. Cash.; W. L. Valentin, Auditor; Orlando John Hollis, Asst. Tr. Officer. DIRECTORS: Darwin Bristow, E. R. Bryson, A. H. Buck, F. L. Chambers, W. T. Gordon, Chas. A. Hardy, O. A. Houglum, J. H. Koke, A. A. Rogers. Richard Shore Smith. NAPITAL: Authorized and Outstanding, $200,000; Par Value: $100. COMPARATIVE BALANCE SHEET. Dee. 31 RESOURCES— 1929 $2,059,790 447 842,235 885,690 164,977 12,000 836,741 24 R0N1.880 TOTAL eee LIABILITIES — Capital Stock .... Surplus coos Undivided Profits ......... Unearned Discount ....... Circulation Dennsits 8 200,000 200,000 53,661 200,000 200,000 18,014 1,719 100,000 4.186 119 +4,705,852 $209.01 20.93:1 10:1 9 BOOK Value Of STOCK. ieee ccecceaeemcammem cc eeomanonrassesas aeons Ratio Deposits to Capital... Ratio. Den. to Can. & SUr,PIS. oe enn. = 1 3ANKS AND TRUST COMPANIES UNITED STATES NATIONAL BANK, Eugene, Ore. CONTROL: By United States National Corporation, Portland, Ore. HISTORY: Established in 1907. subsidiary: Eugene Loan Savings Bank. Departments: Commercial, safe deposit. Members of: Federal Reserve, A. B. A, Oregon Bankers’ Association. Correspondents: Chase National, New York; Continental Illinois Bank & Trust Co., Chicago; Crocker First National, San Francisco; American National and Bank of California, N. A., Portland. OFFICERS: W. W. Calkins, Pres.; F. N. McAllister, Vice Pres.; G. S. Hinsdale, Vice Pres.; Powell Plant, Vice Pres.; H. L. Edmonds, Cash.; C. E. Lombard, Asst. Cash.; H. H. Hobbs, Asst. Cash.; Mabelle Russell, Asst. Cash.; N. E. Barrett, Asst Cash. DIRECTORS: W. W. Calkins, G. 8 Hinsdale, H. L.. Edmonds, Powell Plant, C. S. Frank, Lawrence T. Harriss. CAPITAL: Authorized and Qutstanding, $100,000: Par Value, 3: 0 DIVIDENDS: 10%. STATEMENT OF CONDITION, Dec. 31, 1929 RESOURCES Statement of Eugene Loan Savings Loans & Discounts... Bank, Dee. 31, 1929 ['nited States Bonds... RESOURCES Other Bonds & Warr Loans and Discounts........ Federal Reserve Stoc "'nited States Bonds.......... Bank Premises ..... Other Bonds & Warrants... Dther Real Estate... Bank Premises ......... Tash & Exchange ... Other Real Estate... Cash and Exchange... 393,094 71,044 ‘65,788 1 21.818 129.564 TOTAL .._. LTARI: Capital Stock .... Surplus & Profit Dividends Unpaia Deposits .. 6.691 0,000 5,258 “R00 .953 TOTAL cece. © LIABILITIE Capital Stock ........... Surplus and Profits... Deposits ............. TOTAL ...... 1N1%1.309 50,000 27,932 003.378 1.081.309 TOTAL een... “6.661 BUTLER BANKING COMPANY, Hood River, Oregon HISTORY: Established April 4, 1900. Private bank until 1905, then incorporated under state charter. Joined Federal Reserve in 1917. When capital was in-~reased from $50,000 to $100,000 some vears ago, the increase was effected by a stock dividend of 100%. Departments: General Banking, Safe Deposit, Savings and Trust Department. vMiembers of: A. B. A, Oregon State Bankers. Correspondents: First National and United States National, Portland; Bank of California, San Francisco; Continental and Commercial, Chicago; Irving Trust, New York. DFFICERS: Leslies Butler, Chairman; Truman Butler, Pres.; Amedee M. Smith, Vice-Pres.; C. H. Vaughan, Vice-Pres.; Harold Hershner, Cashier; Cyril C. l.indlev, Asst. Cashier. DIRECTORS: Leslies Butler, Truman Butler, Amedee M. Smith, M. E. McCarty, C. H. Vaughan. CAPITAL: As of Dec. 31, 1929: Authorized, $125,000 fully paid: Par Value, $100. Number of Stockholders: About 25. COMPARATIVE STATEMENT, As RESOURCES— 929 Loans and Discounts............ .. 345,643 Bonds and Warrants................ “722 Savings Department l.oans...... 712 Federal Reserve Bank Stock. “50 Stock and Securities....... an Furniture and Fixtures... Banking Premises .... Other Real Estate... Cash on Hand & in Reserve Da: 1927 682,081 69,950 $2,137 5,250 1,200 ~00 0 TOTAL ..... LIABILITIES Capital Stock o.oo iii, Surplus and Undivided Profits.. Deposits cient Foreign Drafts Sold.. hy we, 000 *R,643 £5,036 ‘R794 Q TOTAL eee Book Value of Stock.................. Ratio, Deposits to Capital............... Ratio. Deposits to Capital and Surmn THOMSON'S. MANUAL AMERICAN NATIONAL BANK, Klamath Falls, Ore. HISTORY: Established in 1920. Departments: General Banking, Safe Deposit, Bonds, Savings. embers of: ..Federal Reserve, A. B. A.,, and Oregon Bankers’ Association. Correspondents: Central Hanover Bank & Trust Co., New York; Continental [1linois Bank & Trust Co. Chicago; Wells Fargo Bank & Union Trust Co., San Francisco; First National, Portland. OFFICERS: W. C. Dalton, President; M. S. West, Vice President; E. M. Bubb, Cashier; Oscar Shire, Ass't Cashier. DIRECTORS: W. C. Dalton, M. S. West, G. W. Houston, Oscar Shire, Marion Hawks, J. U. Miner, E. M. Bubb. CAPITAL: Authorized and Outstanding, $100.000: Par Value, $100. DIVIDENDS: 109%. COMPARATIVE STATEMENT, As of Dee. 31 1929 1928 cern $1,324,373 $1,219,357 369,104 253,007 229.006 "73,132 200 Rf 115 ,000 00 £2,540 #okR 473 892.433.8205 1927 $1,114,873 324,780 149,831 50,000 5,000 428.601 $2.073,085 TOTAL eee. LIABILITIES— Dapital Block cesses mses, Surplus and Undivided Profits...... . Reserved for Taxes and Dividends... National Bank Notes ... Deposits 100,000 28.814 900 "75 ir $ 100,000 86.171 98,200 1,788,714 $2,073,085 $186 17.8:1 96-1 TOTAL cms. wae Book Value of StocK.o.ooicoimicoiiiaaes Ratio, Deposits to Capital......cooomimeeeiiil Ratio. Deposits to Can. & Surplus... ry. ZF qr ac] FIRST NATIONAL BANK OF KLAMATH FALLS, Klamath Falls, Oregon HISTORY: Organized Oct. 9, 1903. * Consolidated with Klamath County Bank, 1912. Consolidated with Klamath State Bank, 1921. Departments: Commercial. Savings. Foreign Exchange. Collection. Trust, Bond. Safe Deposit. Viembers of: Federal Reserve System, American Bankers Assn. Oregon Bankers. Correspondents: Federal Reserve Bank, San Francisco; Wells Fargo Bank and Union Trust Co., Crocker First National Bank, Anglo and London Paris National, San Francisco; Continental Illinois Bank & Trust Co., Chicago; National City pank, Chase National Bank. New York; United States National Bank, Portland, regon. DFFICERS: J. A. Gordon, Pres.; C. B. Crisler, Vice-Pres.; S. E. Martin, Vice-Pres.; Leslie Rogers, Cashier; Lloyd L. Porter, Asst. Cashier; J. I. Beard, Asst. Cashier; John M. Glover, Asst. Cashier, DIRECTORS: A. M. Collier, C. B. Crisler, J. A. Gordon, R. C. Goesbeck, S. E. Martin, H. N. Moe, Silas Obenchain, Leslie Rogers, Fred Schallock, C. F. Stone, gE. W. Vannice. CAPITAL: As of Dec. .31, 1929: Authorized and Outstanding, $200,000: Par Value: $100. - DIVIDENDS: 1929, 8%; 1928, 8%: 1927. 6%: 1926. 69%: 1925. 6%. Number of Stockholders: 36. GROWTH— ~~. Capital Surplus Undiv. Profit Deposits 1920 oeeeeceeeeeeeeeeeez. $200,000 $30,000 $26,469.56 $1,724,023.25 |) 12 ——————— {1 01111 20,000 11,598.85 2,900,920.93 1929 ......_. word 200,000 60,000 49.065.31 3.698.087.86 we CNT OF CONT ONL. Year Ending Dee. 31, 1929 TSOURC™ TARILITIES Capital StOCK .eereeeccreeeeeeeceeaeee-$ 200,000 Surplus and Undivided Profits 109,065 Reserved for Taxes, Etc........... 9,586 Dividend Account nnn 7,000 Yirculation .. vee. 100,000 Yeposits 3.698,088 $4.123.738 $155 18.5:1 12-1 Bills Receivabie U. S. Bonds. Other Bonds ..... .... .._. Federal ‘Reserve § >c¢! Real Estate & Fixtures....... 5 per cent Redemption Fnn Cash & Due from Ranks _ Book Value of StocK.....oc...... era eeaanns Ratio, Deposits to Capital. inne ceecmeneao eee oee Ratio. Deposits to Capital and Surplus. eee ean = BANKS AND TRUST COMPANIES FIRST NATIONAL BANK, Medford, Ore. HISTORY: Established in 1905. Departments: Commercial, savings, safe deposit vaults, trust dept. Members of: Federal Reserve System. Correspondents: Chase National, New York; Continental Illinois Bank & Trust Co., Chicago; American Trust Co., San Francisco; First National, Portland. ODFFICERS: B. E. Harder, Pres.; Chas. M. English, Vice Pres.; Oris Crawford, Cash.; O. D. Frazee, Asst. Cash.; R. E. Sweeney, Asst. Cash.; E. Thorndike, Asst Cash. DIRECTORS: Chas. M. English, B. E. Harder, George W. Dunn, John R. Tomlin, James Owens, Oris Crawford, H. S. Deuel. CAPITAL: Authorized and outstanding, $100,000; Par Value, $° STATEMENT OF CONDITION, Dee. 31, 1929 RESOURCES LIABILITTES loans and Discounts.. United States Bond Bonds, State, Munic’ Banking House .. Furniture & Fir “ash and Due frou. TOTAL oeeeeeeeeimeceeas . ¢2,720,035 TOTAL ..... Cook Val. Stock, $189: Ratio. Dep. to Cap., 24.2:1. Ratio. Dep. to Crp. & $2,720,035 Sur. 12.91 MEDFORD NATIONAL BANK, Medford, Oregon Departments: General Banking. viembers of: Fed. Reserve System. CAPITAL: As of March 27, 1930: Value, $100 Authorized and Outstanding, $100,000; Par COMPARATIVE STATEMENT, ASSETS— Loans and Discounts........... Dverdrafts ol I. 8S. Govt. Securities........._... Jther Stocks and Securities. .. eee Banking House, Furniture and Fixtur~"s Other Real Estate....... Reserve Fed. Res. Bank Cash and Due from Bank .................. _. Dutside Checks and Other Cash Item...... Redemption Fund in U. & Treas... Jther Assets ..... TOTAL ASSETS ..... LIABILITIES— Tapital Stock Paid In. Undivided Profits—Net ....oooieeiiciiee Jirculating Notes Outstanding............ Due to Banks........... A Demand Deposits _.... sh Time Deposits .oiiiiiiiiiiiiiciiacaes Reserve for Dividends, Cont. Etc....... ['nited States Deposits... ann Mar. 27, 1930 ... ~iR8,552 >,091 3,500 2,721 C400 tel As of June 29, 1929 $800,306 42 ql Dec. 31, 1928 $886,307 867 140,200 99,088 86,850 6,253 92,336 $318,282 “°,048 “0 18 B67 vod +00,000 35,000 "6,691 4,700 977 JT65 "5.276 d ‘0 100,000 25,000 19,499 15,000 3,722 970,884 514,898 5,000 20.000 TOTAL LIABILITIES .. Book Value of Stock.............. Ratio, Deposits to Capital................ Patio Deposits to Capital and Surplu: 4 v.2:1 UNITED STATES NATIONAL BANK, Newburg, Oregon , HISTORY: Organized Oct. 31, 1889, as the Bank of Newburg. Nationalized in 1909 and named the United States National Bank of Newburg. Departments: General Banking, Savings, Safe Dep. Trust Service. DFFICERS: S. I. Parrett, Pres.; H. M. Hoskins, Vice-Pres.; Clarence Butt, Sec.; R. A. Butt, Cashier: C. N. Terrell, Asst. Cashier; Wendell C. Wilson, Asst. Cashier; H. M. Hoskins, Tr. Officer. DIRECTORS: S. L. Parrett, Chairman; H. M. Hoskins, Clarence Butt, C. B. Wilson, J. F. Taylor, E. P. Dixon, J. H. Rees. . fabrray; As of Dec. 16, 1929: Authorized and Outstanding, 50,000; Par Value, DIVIDENDS: 1927, 1494: 1928. 149: 1929, 179% THOMSON'S MANUAL COMPARATIVE STATEMENT, As of Dec. 16, 1929 Oct. 3, 1928 232,804 © 133,449 105,450 229,730 62,499 29,730 REESE 57.827 Cash and Due from Banks................. United States Bonds... Other Bonds ........_. reer m——— en Loans ..... ees StOCKS iii cet ieee, Furniture, Fixtures & Real Kstate.. Mall Loans ...... ASSETS Oct. 10, 1927 $120,744 296,430 296,430 655.547 .2,778 2£1.085.500 89 C200 TOTAL ASSET eee. LIABILITIES— Capital Stock eee Surplus and Undivided Profit... Circulation .... Deposits oo coo. TOTAL LIABILITIES an, “7g 96 A 4 “nn 0,000 "R115 000 358.281 . H5 706 50,000 106,434 48,700 880,365 $1.085.500 i TE RANK OF OREGON CITY, Oregon. CONTROL: By United States National Corporation. Portland. Ore. HISTORY: Established in 1881. Departments: Commercial, savings, trust, safe deposit. Members of: Federal Reserve System; A. B. A, Oregon State Bankers. Correspondents: Chase National, New York; First National, Chicago; Crocker First National and Anglo & London-Paris National, San Francisco; U. 8S. Naional, Portland. DFFICERS: C. H. Canfield, Chairman; W. T. Wright, Pres.; Geo. H. Tracy, Jr, Vice Pres.; S. L. Stevens. Cash.; Percy P. Canfield, Asst. Cash.; C. I. Carpenter, Trust Officer. CAPITAL: Authorized and outstanding, $150,000; Par Value, $100. STATEMENT OF CONDITION, March 27, 1930 RESOURCES LIAR IIT Pa Loans and Discounts .._.............. Capital Stock . Bank Prem. & Real Estate... Other Assets _.coceooeemeeeee pint i Profits . Fed. Res. Bank Stock... Undivided Profits Bonds and Warrants........... Reserve .... U0. S. Gov. Bonds..cccooeeooeeeee, 3 . Cash and due from Banks Devosits -... 150,000 30,000 5,703 © 2,500 . 6238.942 TOTAL eee eeecceemaaeees $1,827,145 TOTAL oeeceeeeeeceeeeeeeeeeeee. $1,827,145 Rook val. stock $124. Ratio. dep. to cap. 10.9:1. Ratio. dep. to cap. & surpl. 8.7:1. FIRST NATIONAL BANK. Pendleton, Ore. HISTORY: Organized in 1882. Department: Commercial, Trust, Bonds, Savings, Safety Deposit. Members of: Federal Reserve, A. B. A, Oregon Bankers Assn. Correspondents: Bank of California, Seattle; National City Bank, New York; First National Bank, Chicago; Crocker First National, San Francisco; United States National and First National, Portland; Old National, Spokane. OFFICERS: G. M. Rice, Pres.; J. D. Ankeny, Vice Pres.; G. A. Hartman, Vice Pres.; L. G. Rice, Cash. DIRECTORS: G. M. Rice, J. D. Ankeny, G. A. Hartman, L. G. Rice, F. A. Laatz. A. K. Smythe, J. H. Sturges. CAPITAL: Authorized and Outstanding, $250,000; Par Value: $100. DIVIDENDS: 1920, 28 pct.; 1921. 20 pet.: 1922, 30 pet: 1923 to 1925. incl. 20 pct.; 1926 to 1929 incl.. 30 oct. COMPARATIVE STATEMENT, As of Dec. 31 1929 735,518 557 24 281,222 R45.158 ¢R 291 322 RESOURCES— Loans and Discounts........ rman J. 8. Government Bonds... emesis amsissossemmon Other Securities & Real Estate... ... eee Cash & Exchange....... nner —————————————————nsd Dther ASS€tS moomoo . eee emmaar . TOTAT., 1928 $5,428,209 562,236 340.669 571,077 15.689 2c 917.970 JANKS AND T7715 COMPANIE LIABILITIE Capital Stock ......... er emeecmenes pn pemeensmen SEES maadh Surplus & Undivided Profits. ees Circulation ....... ARES SER SA RAS ST Due to Banks... nema —— Anne sama me Demand IDEDOBILSE ... ccrsiimmmsrmrmmmiemmemmmmn mms s snes ssn sas rtanee Time Deposits _....... ......... ey Dther Liabilities ..... 250,000 569,184 99,995 81,061 9,524 148,239 12.2196 250,000 537.234 99,995 7,546 .228,067 500,608 884,320 TOTAL oe. ook Value of Stock... eeeeee——— Ratio, Dep. to Cap... .coeennens Ratio, Dep. to Cap. & Surp..... GROWTH 9.bc:. 5.77:1 Undiv. Profi. $18.429 69,184 4 a, rel 6.54:1 Deposits $2,701,480 4,807,763 Capital Surplus *250,000 $500,000 250.000 500.000 920 1929 INLAND EMPIRE BANK, Pendleton, Oregon HISTORY: Incorporated in Oregon, March 17, 1919. Absorbed the Athena State Bank, Oct., 1926. Number of employees, Dec. 31, 1929, 10 Subsidiaries: Athena State Bank. Departments: General Banking. Miembers of: Federal Reserve, A. B. A, Oregon State Bankers’ Ass'n. Correspondents: Guaranty Trust Co., New York; U. S. National, Portland: Wells fargo Bank & Union Trust Co. San Francisco; Exchange National, Spokane. DFFICERS: J. W. Maloney, Pres.; L. L. Rogers, Vice Pres.; Edwin Winter, Vice Pres.; Berkeley A. Davis, Cash. DIRECTORS: J W. Maloney, W. M. Blakley, Edwin Winter, Alfred Schneiter, Berkeley A. Davis, L. L. Rogers, Frank H. Gritman, A. W. Rugg, Will M. Peter-SoM. CAPITAL: Authorized and outstanding, $250,000. Par Valu. DIVIDENDS: 1928 and 1929, 6%. Number of Stockholders: 72. MARKET RANGE: 1929, $135; 1928, $135; 1927, $130; 1926, $125; 1925, $125 COMPARATIVE STATEMENT, As of Dec, 1 1929 493,768 aig wa a RESOURCES-Loans and DiSCOUNUS riiiicicicct ei ree e+ rereremeeee § Dverdrafts ..... A SNE RRR Bonds, etc. ............. eeeeeeeeeteaeenaean Banking THouse, Le. suuasvnsivmmmmsmmmasisrmmsmssvmssssmsvgssasmmmes Other Real Estate... eeeiieeeeeceeceeeeeeeeeeaeeaaneees Cash and Due from Banks... iii ieieeanaens Dther Resources ......... LIABILITIES-Capital Stock ... ee erene—n————s Undivided ProfitS wus cussions sais. 5 Res. fOr TaXes, lt. oo eee eee ee eeeee eee ee nnemnens Due to Banks ........ ee eamememeneeeeeameeeeneneeenens Demand Deposits _. Time Deposits .............. Bills Pavable, etc. oon... , be 250.000 50.000 6,239 2,000 519 .899 (5,988 299 1R¢ 0) 5, 00 5014 “000 © 904 19 WTO ‘N77 10] Book Value of Stock per share........ Ratio, Deposits to Capital. iii eens Ratio, Deposits to Cap. & SUID US. occas 5.5: INTEREST TABLES Devores—1 day to 1 year by days, 360 and 365-day basis, 1 to 6% by 1s, Stouts—1 day to 1 year by days, 360 and 356-day basis. 1 to 10% by lis fle to 109% by 158. Price $7.00 Price $7.00. Quick—1 day to 1 year by days, 5, 6, 7 and 89% 360-day basis. Price$2.50 Robinsonian Universal, $7.00. : Delbridge Wonderful—90 days, $5.00; 180 days, $10.00; 360 days, $20.00 We stock all standard Interest Tables. THOMSON’S BUSINESS BOOK SERVICE Seattle. Wash 4 THOMSON'S “MANUAL - ~~". AMERICAN NATIONAL BANK, Portland. Ore, ~ = CONTROL: By Pacific Bancorporation. HISTORY: A consolidation of American Exchange Bank, Incorp. Feb. 25, 1924, and Portland National Bank, Incorp. July, 1924. Permission to consolidate granted February 28, 1929, operating under charter No. 12557 of the Portland National Bank. Actual consolidation March 2, 1929. Departments: Commercial, Savings & Safety Deposit. VMiembers of: Federal Reserve, A. B. A.,, Oregon Bankers Asso. Correspondents: Chase National Bank, New York; Guaranty Trust Co., New York; Continental Illinois Bank & Trust Co., Chicago; Anglo & London Paris National Bank, San Francisco; Bank of Italy National Trust & Savings Assn, San Francisco; First Seattle Dexter Horton National Bank, Seattle: Roval Bank of Canada, Vancouver. RB. C. DFFICERS: Julius L. Meier, Chairman; A. H. Averill, Pres.; T. P. Ristegan, V. P.; G. Spencer Hinsdale, V. P.; Walter. H. Brown, V,.P.; Frank 0. Bates, V. P.; V. O. Steenrod, Cashier; ‘A. R. Puchner. Asst. Cash.; E. J. Klein, Asst. Cash.; G. E 3tephenson, Auditor. DIRECTORS: Julius L. Meier, Walter C. Smith, W. L. Thompson, G. Spencer Hinsdale, T. P. Ristegan, Fred Krusow, J. E. Roman, F. H.- Dammasch, H. C. Thompson, A. H. Averill, Earl C. Bronaugh, George W.- Joseph. CAPITAL: Authorized and Outstanding, $400,000.00: Par Value: $100.00. - "STATEMENT OF CONDITION, Dee. 31, 1929 RESOURCES . .. LIABILITIES . Loans and Discounts, 32 410.110 Capital Stock . .cmeecioerreeccceceecceen$ 400,000 Bonds, Stocks and arrants.. 2, , mdi { Stock Federal Reserve Bank. ... 14,400 Surplus oo, ni, LE LLL pours Banking House Furn. & Fix... 208,823 Circulation i ate ’ Duistomnany Lob, Re Letters 2% 79 Deposits coeeeeeeiledeeieceeecieceene. 6,103,821 of Credit & Acceptances...... , letters D&A ie 23.479 Redemp. Fund with U. S. Treas. 15,000 piers of Coed aeept Cash and Due from Banks... 2,211,486 -_— Total en 87.019.863 Total colon coeeeeeanieneba iene. $7,019.86 3 BANK OF EAST PORTLAND, OREGON CONTROL: First National Corporation owns all hut directors’ aqualifving shares. HISTORY: Organized in 1919. Correspondents: Central Hanover Bank & Trust Co., New York; Crocker First National, San Francisco; First National, Portland. OFFICERS:. C. F. Adams, President; H. F. Corbett, Vice President; E. B. Mac-Naughton, Vice President; E. R. Corbett, Secretary; Edw. H. Geary, Treasurer; 2. L. Minahan, Ass't Secretary; J. H. Mackie, Ass’t Treasurer. } DIRECTORS: E. R. Corbett, C. F. Adams, Henry F. Cabell, H. H. Newhall, A. L. Mills, Jr. ; CAPITAL: Authorized and Outstanding, $100,000; Par Value, $100. COMPARATIVE STATEMENT As of Mar. 27, 1930 ASSETS— . {Loans and Discounts... Cash on hand and in banks... cee Commercial PapPer .ciccicieer emmerecmmememmmmn sees ene U. S. Bonds & other securities .......ocoeremimmmmenmmaenen {nvestments eee eee eessm—emssmseeeemmcetesmmseeesme=sSEeweteSEesEemsesEsessseseemeseeses Bank Premises & Real Estate... fees 256,654 74,067 08,632 494,559 1,364 TETAL" ween LIABILITIES— Capital Stock seers Undivided Profits coociccooimerimmmeomsaosoccsane sansa aoonnannannas Reserve for Taxes. Int, ete. ere Sy EEE eee Deposits 1mm mmm em HE 100,000 30,000 55,612 5,615 1 NAA 139 TOTAL coos ieeeeee oeeeneenmninemnsenmsess mame omssmmemnenssesmcesnnnmnnne § | ,235,266 Book Value Of StOCK. om comeiiiioieirierermrenseeamamcsee mannose renee $185.61 Ratio, Deposits to Capital... irene 10.4:1 Ratio Deposits to Cap. & SUrDluS. ooo oir meaen 56:1 Dec. 31, 1928 $ 325,787 286.839 426.324 $1.038.950 $ 100,000 10,000 66,375 2,000 R60 R75 $1,038,950 $176.37 8.6:1 4 9-1 3ANKS AND TRUST COMPANIES EQUITABLE TRUST COMPANY, Portland, Ore. CONTROL: American Bancorporation, Portland, Ore. HISTORY: Organized under laws of Oregon July 2, 1913, as Lumbermen’s Trust Jo. Present name adopted July 2, 1928, Departments: Trust and Bond Depts. Members of: Oregon Bankers Asso. (Correspondents: American National Bank, Portland, Ore. DFFICERS: Geo. BB. Guthrie, Pres.; W. P. Briggs, Sec. and Tr. Officer; C. G. Pattison, Asst. Sec.; E. F. Paulsen, Asst. Tr. Officer; Harry D. Jaeger, Asst. Tr. Officer DIRECTORS: Geo. B. Guthrie, J. P. Reiley, P. J. Gallagher, W. P. Driggs FAPITAL: Authorized, $200,000; Par Value: $100. STATEMENT OF CONDITION, Mar. 27, 1930 RESOURCES ABILITIES i.oans & Discounts... Bonds & Securities... Furniture & Fixture Tash Dther Resource. TOTAL ........ WF «1,841 TAs] Lab. Capital Stoc Surplus ... Undivided 1 Deposits .. 3 TOTAL oa, ceeeee--$200,000 20,000 10.535 25.865 .....8656,400 CITIZENS’ NATIONAL BANK, Portland, Ore. {'ONTROL: Dy United States National Corporation, Portland, Ore. HISTORY: Established in 1890 as Citizens’ Bank. Absorbed East Side Dank of Portland in November, 1918. Chartered under National Bank Act February 28, 1929, and title changed to present. Departments: Commercial, trust. Members of: Federal Reserve, A.B. A, Oregon Bankers’ Association. (Correspondents: Chase National and Equitable Trust Co., New York; Continental INinois Bank & Trust Co. Chicago; American Trust Co., San Francisco; West Coast National, Portland; Bank of Montreal, Vancouver, B. C. OFFICERS: E. A. Clark, Pres.; A. A. Binford, Vice Pres.; Ralph DB. Lloyd, Vice Pres.; George W. Weatherly, Vice Pres.; Herbert Ambler, (Cashier; John R. Young, Ass't Cashier; David M. Cameron, Ass't Cashier. DIRECTORS: E. A. Clark, A. A. Binford, Ralph B. Lloyd, Gec W. Geo. W. Burt, C. W. Norton, A. W. Lambert. CAPITAL: Authorized and Outstanding, $200,000; Par Value, DIVIDENDS: 1924-1927, inclusive, 89%; 1928, 129; 1929, 240 COMPARATIVE STATEMENT, As of Dec. 31 RESOURCES— 1929 londs and Securities __._._. SR 973.924 i.oans and Discounts _.__............. ree eee 2,023.04 4 Federal Reserve Bank StoCK oi eeieeeeeemaen 12,000 Bonds and Securities _._.__. eee ———————- 973.924 Bank House and FiNtUTesS eens 120,897 Mash and Due from IRank: » 069.307 TOTAL ...... LIABILITIES Capital Stock Surplus and Undivided Profits......... Deposits = TOTAL B3ook Value of STOCK ieee eens Ratio, Deposits to Capital ..oooooeeeineenea.. Ratio, Deposits to Cap. & Surplus GEO. W. BATES & CO., BANKERS, Portland, Ove CONTROL: First National Corp., Portland. Ore HISTORY: Established in 1894. Departments: Safe Deposit, Savings. Members of: A. IB. A. and Oregon Bankers’ Assn. Correspondents: Central Hanover Rank & Trust Co., New York; Crocker First National, San Francisco; First National, Portland, Ore. OFFICERS: E. A. Wyld. Pres.; C. W. Sommer, Vice Pres.; J. S. Rirrel, Vice Pres. and Cash.; T. A. Lundberg, Asst. Cash. DIR pCTORS: E. A. Wyld, E. B. MacNaughton, J. H. Mackie, C. W. Sommer, J. 8S Jirrel. CAPITAL: Authorized and outstanding. $100.000. Par Value. $100. THOMSON'S MANUAL STATEMENT OF CONDITION, March 27, 1930 RESOURCES LIABILITIES [Loans and Discounts......... ..... Capital Stock reereeeee2$ 100,000 Cash on Hand & in Banks Surplus Res 20,000 Commercial Paper Undivided Profits... ooo. 6,270 0. 8. Bonds.......ccovenee Res. for Taxes. etC. coveeemeeeeee. 7,295 Other Bonds & Secu Deposits .. ct aeoemeemcaaeeeenen 1.360 477 Bank Prem., Other nc... _— TOTAL ceeeeiieieceeennnnnnneeeen- $1,494,042 TOTAL coeeeeeeeeeceaaneeeeneamnnnn-- $1,494,042 Book val. stock $126.27. Ratio, dep. to cap. 13.6:1. Ratio, dep. cap. & surpl. 10.8:1 FIRST NATIONAL BANK, Portland, Ore. CONTROL: 26.8% of stock owned by First National Corporation of Portland. HISTORY: Established in 1865. (Oldest bank charter west of Rocky mountains.) ; Subsidiaries: Each share carries proportionate interest in Security Savings & Trust Co., Portland, Ore. Departments: General Banking. OFFICERS: C.F. Adams, Pres.; E. A. Wyld, Vice-Pres.; E .R. Corbett, Vice-Pres.; E. B. McNaughton, Vice-Pres.; C. C. Colt, Vice-Pres.; A. W. Groth, Vice-Pres.; Bdw. H. Geary, Vice-Pres.; T. T. Ashton, Cash.; Asst. Cash., J. H. Moid, T. W. Peters, L. H. Look, A. L. Mills, H. S. Burdin, J. H. Mackie, G. G. Wyld. H. A. Freeman, F. C. Warren, Russell M. Colwell. DIRECTORS: C. F. Adams, E. A. Wyld, E. R. Corbett, E. B. MacNaughton, C. C. Colt, H. L. Corbett, H. F. Corbett, Henry F. Cabell, M. C. Woodard, Ben C. Dey, H. H. Newhall, Joseph Simon. Members of: Federal Reserve, A. B. A,, Oregon Bankers’ Association. Correspondents: Equitable Trust, First National, International Acceptance Bank, Inc. J. P. Morgan, National City, Chemical Bank & Trust, Bankers’ Trust, Commercial National Bank & Trust, and Pacific Trust, New York; First National, Continental Illinois Bank & Trust, and Harris Trust & Savings, Chicago; Merchants’ National, and First National, Boston; Mercantile Commercial Bank & Trust, St. Louis; National Bank Commerce, Seattle; American Trust Co., Bank of Italy, National Trust & Savings Association, and Anglo & London Paris National, San Francisco; First National, St. Paul; Fidelity National Bank & Trust Co., Kansas City; Security-First National, Los Angeles; Barclay’s Bank, Ltd, Brown, Shipley & Co.. Llovd’s Bank, Ltd., and National Provincial Bank, Ltd. London. CAPITAL: Authorized and Outstanding, $2,500,000; Par Value, $100 COMPARATIVE STATEMENT, As of Dec. 31: RESOURCES— 1929 1928 Loans and Discounts 6,797,060 $14,907,453 U. 8S. Govt. Bonds 1,529,920 11,379,487 Other Bonds, etc. coin ... 409,668 3,293,751 Federal Reserve Bank Stock... ..... 05,000 42,000 3ank Bldg. and other real estate. .. £27,690 £6,000 Acceptances ....... emrmeonnnnnann 38,429 nNR.303 Redemption Fund ... eieam—n———- £00 10 Commercial Paper ..ciiciomnaaennans ,153,206 "9 Cash and Due from Ranks... 9.805.926 -0 ! ot a 1927 $21,660,381 10,323,609 7,420,803 105,000 1.175,000 31,222 500 9.122,709 *40 829 224 LIABILITIES— Capital Stock .... RE BUTPLIAS 1 rmeupiinstssnn, sasmam isms: Undivided Profits oie eee Reserve for Taxes. ete. ........... Circulation RRR psa sh 5 [.. C. and Acceptances... .......... DeDosils wiymemesremmmon Bills Pavable ............... $ 2,500,000 1,000,000 425,999 89,457 9,995 40,374 2,273,399 £00 000 TOTAL eee... “9 149.839,224 Book Value of Stock ........... -. v5 - $157 Ratio, Deposits to Capital... eeemnaeann 18.5:1 1 18.1:1 Ratio, Dep. to Cap. & Surp.......ccommeeeeeen 11.6:1 al 11.5:1 GROWTH— Capital Surplus Undiv. Profit Deposits 1920 ..... .....$2,500,000 $1,000,000 $176,743 $32,110,518 1929 i. eeeieeeeeeveseeeeeee- 2,500,000 1,000,000 476,793 46,174,278 SECURITY SAVINGS AND TRUST CO., Portland, Ore. CONTROL: Affiliated with First National Bank of Portland, each stockholder swning proportionate interest in both institutions. 259% of stock held by First National Corp. HISTORY: Charter granted in 1890. Subsidiaries: The Security Safety Deposit Co., organized in 1908. Denartments: Specializes in Trusts. Fstate Management. Mortgages, ete. BANKS AND TRUST COMPAN.. OFFICERS: CC, F. Adams, Chairman; H. F. Corbett, Pres.;: C. B. Stephenson, Executive Vice Pres.; E. A. Wyld, Vice Pres.; Blaine B. Coles, Vice Pres.; D. A. Bulmore, Vice Pres.; R. G. Jubitz, Sec.; Russell M. Colwell, Asst. Secy.; C. L.. Minahan, Asst. Secy. DIRECTORS: C. F. Adams, E. A. Wyld, H. F. Corbett, Joseph Simon, Edw. H Geary, R. G. Jubitz, E. B. MacNaughton. CAPITAL: Authorized and outstanding, $500.000; Par Value, $100. DIVIDENDS: 1928 and 1929, 109%. STATEMENT OF CONDITION, March 27, 1930 RESOURC "a ABILITIES ~oans and Discount: Cash 7. 8S. Bonds... Other Bonds Bank Premise. Capital Stoc SUIplus coe vvins.. Undivided Pro*’ Res. for Taxes, an. crust Funds ... TOTAL .. 00,000 .J,000 66,544 6,905 61,076 TOTAL, ............. eemree———nas Book Value of Stock, $243.30. HIBERNIA COMMERCIAL & SAVINGS BANK, Portland, Oregon HISTORY: Incorporated under Oregon Laws Oct. 15, 1892. Capital increased from $200,000 to $500.000 in 1928. Departments: Commercial, Savings, Trust. Collection, Mortgages, Safe Deposit, etc. Members of: Federal Reserve, A. B. A. Portland Clearing House. Correspondents: Chase National and Guaranty Trust Co., New York: First National and Continental Illinois Bank & Trust Co., Chicago; American Trust Co., San Francisco; Hibernia Bank & Trust Co.,, New Orleans; Mellon National, Pittsburgh; Philadelphia National, Philadelphia: Bank of Italy. National Trust & Savings Ass'n., Los Angeles. OFFICERS: John F. Daly, Pres, Lansing Stout, Vice Pres.; C. B. Sewall, Vice Pres.; Fred I. Weber, Cash.; Guy N. Hickolk, Asst. Vice Pres.; C. F. Gleason, Cash.; W. Spliid, Mgr. Foreign Dept.; Charles F. Reilly, Tr. Officer. DIRECTORS: Jas. T. Barron, John F. Daly, Noble Wiley Jones, Drake C O'Reilly, C. B. Sewall, Arthur C. Spencer, Lansing Stout. CAPITAL: Authorized and outstanding, $500,000. Par Value. $100. DIVIDENDS: 1920 to June 25, 1928, 10% per annum on $200.000; from June 25. L928, to Dec. 31, 1929, 6% per annum on $500,000. Number of Stockholders: 108. Market Price: 210. COMPARATIVE STATEMENT, As of Dec. 31 RESOURCES— 1929 Loans and Discounts... renee ence naen ene neerenenenee. 9 3,86 7,018 Stock in Federal Reserve... ES RAYA £5 Li mmm 18.000 Stocks and Securities .............. .. rans 17,055 Real Estate ......_..__.. emer eeemeon eemeeeemmeeeeeaeemeeememennaen 208.407 Furniture, FiXTUures eee 7,772 Justomers’ Liability ooo 8.881 Call LLO0BNS coe eee eee EIT U. 8. GOV't SeCUT ities eee ‘ Other Securities Tash and Due from Banks... 1928 076,299 18,000 82,110 46,297 15,347 25,802 20,000 022 0d 6.978 C6 510 TOTAL oo. LIABILITIES— Capital Stock ooo. eee ——amann Surplus and Undivided ProfitS..oooooooooo Reserves .. Tn —— Deposits ..ooooeeniii 4/C. and Acceptances 249 500,000 “58,283 1027 Tee 9 tT 000 “70 980 48 R99 TOTAL _.... Book Value of Stock... Ratio, Deposits to Capital......................... Ratio. Deposits to Cap. & Surplus......_. v PENINSULA NATIONAL BANK, Portland, Oregoen ('ONTROL: Dy U. 8 National Corp., Portland, Ore. HISTORY: Chartered under National Bank Act in 1905. Departments: Commercial, Savings, etc, General Danking Dusiness. Correspondents: National City, New York; Continental Illinois Bank & Trust Co.,, Chicago; West Coast National, Portland; Pacific National, San Francisco. OFFICERS: John N. Edlefsen, Pres.; Charles B. Russell, Vice Pres.: Edmund J Whelan, Cash.; Stanton L. Dobie, Asst. Cash.; Gordon S. Ogden, Auditor. DIRECTORS: Thos. Autzen, HL W. Donham, C. H. Carter, E. F. Doyle. J. N. Edlefsen, Arthur F. Nicolai, C. B. Russell, M. G. Russi. CAPITAL: Authorized and outstanding, $200.000. Par Value, $100 DIVIDEND: 1929 Ro. THOMSON'S MANUAL COMPARATIVE STATEMENT, As of Dec. 31 RESOURCES— Loans and Discounts. .iiimmcaeeaaaaes Stock in Federal Reserve Banko... in nn eee Bonds and Securities... oie Banking House and FiXtures ieee Customers’ Liability, Etc.......... eee oeeasemanammmneocanennae U. S. BONAS oioiiieciimeemceeemaesnmmmsameaoasans io smmmzemssescsasones: Cash on Hand and Due from Banks......ooeiees 1929 £95,633 7,500 582,474 67,160 23,760 233,031 299.838 ROT AL eee eee $2.109.396 LIABILITIES— CADPILA] STOCK ooieiooeeeieercerecaman srnsnames o ameemsosmssmemsemeram senses anacd Surplus and Undivided Profits. .iiiieicien 0 mmeeeeeeeee L. C. Acceptances... eee eemamcmemam een nme etnanaoanne mmen Dividends Unpaid oie [RU Acceptances of Other Banks......... ond HARARE Deposits .. 200,000 68,128 23,760 4.092 1 2 A176 TOTAL ...... a Shares Outstanding ..occooocoommmmeeeeee semen SEER Rea Book Value Of STOCK. iiieimamcemriee reer serm amram eaes Ratio, Deposits to Capital. ieee Ratio Deposits to Cap. & Surplus... © 296 n0 24 0.21 6.71 1928 § 896,411 7,500 626,032 67,500 9,828 100,019 495,711 £2 903.001 $ 200,000 65,607 9,828 100,019 1 827.547 $2,203,001 2,000 $133 9.1:1 6.81 PORTLAND TRUST AND SAVINGS BANK, Portland, Ore. HISTORY: Incorporated in Oregon April 22, 1887. Departments: Trust and Savings, Mortgage lL.oans. Investments, Safe Deposits Property Mortgage and Insurance. Members of: A. B. A., Oregon Bankers’ Association. Correspondents: Equitable Trust Co. and Chage National, New York; Continent-21 Illinois Bank & Trust Co., Chicago; U. S. National, Portland. MANAGEMENT: Dean Vincent, Pres.; Chas. H. Stewart, Vice Pres.; C. W. De Graff: Vice Pres.; Nelson G. Pike, Vice Pres.; Charles F. Milliman, Vice Pres. C. L. Philliber, Cashier; A. L. Fraley, Secretary; C. A. Wood, Ass't Secretary; Charles Carver, Jr., Ass’t Secretary; W. A, Dunlap, Ass’'t Secretary; H. P. Rogers, Ass't Secretary; Lorne L. Miller, Tr. Officer: C. F. Yates. Ass’t Tr. Officer: Maurice Lawrence, Auditor. DIRECTORS: O. L. Price, A. D. Charlton, Virgil Crum, A. 8. Nichols, F. F. Pitcock, Dean Vincent, Chas. H. Stewart. CAPPITAL: Authorized and Outstanding, $300,000; Par Value, $100. DIVIDENDS: 1924 to 1927, inclusive, 5%: 1928. 1929. 29% per annum. Number of Stockholders: 31. INCOME ACCOUNT. Years Ending Dec. 31 1929 $401,619 383.132 2,324 6.000 1928 $361,936 WR 234 13,903 A 000 ross Earnings cocoons Expenses, Taxes, ete. omimaeen Net Profits cococcomeeoeoaeaee geen navman aH Dividends Paid oie eememmeameeeoememeceessnmesmemseseesSomcasasenoenes Surplus earned for year _. mene eeeeemiemeeemneeememcemenenee Barned per share of StOCK ci rrerimirmm reine cenaes Book Value Of StOCK iiriroioiieerriiommmnmmmemseisns nnn anosannneenes Ratio, Deposits to Capital oo corieren ce ce w————————— Ratio. Deposits to Cap. & Surplus icine eee COMPARATIVE STATEMENT. As of Dec, 31 1929 ....$2,398,601 J 80,641 15,694 1,703 2,96 "7.449 «2 756 HR4 ” 7,903 4.63 $124 9.6:1 77-1 1 R.3:1 Resources— Loans & DISCOUNTS iio iimmerrreeomcenerben semen mannoaei en Furniture & FHiXTUTeS mcrae oo Claims & JUABMENTS ooieeceiimmmnnns = = meemsmmensesenenone Dther Assets ee emaemmcemmmamemmeensecemnmmnn ome Real Estate ... I eae n n HS w Other BONAS oooooeeeceioccomeassersessesacarossanmsasaesosares mses an smote sss n nso 7. & TRonds. Call T.oans & Cash. icine LIABILITIES— NAPIEAL oeeeoreoceccemmamnrmmzsem noes sete ase t eaten enn © TC aseaanee 300,000 Surplus and Undiv. Profits ronnie ieee 84,277 Reserve for Taxes, Int, etc. .iiirrimimnnnornnenn mee 19,056 Trust Accounts—Sav. Dept. oo icencarrmnnoensin ci amne ne 55,667 Certificates Of DEPOSIT immerses ose 20,230 ther DEPOSITS cooocrrrecarrcrreesssscrsacommssmmmasss so mseees semanas sensors n ons -54,934 3aVINnES DeDOSIES coir ane enna ser n 2. 452 520 TOTAT, oo. Cian 83.756.584 1928 $1,871,108 66.390 63,147 73.140 1.398,412 2.472.197 $ 300,000 74,290 16,218 211,647 140,649 675,67 2.053,716 ¢2 4792 197 BANKS AND TRUST COMPANIES r 9 UNITED STATES NATIONAL BANK, Portland, Ore. HISTORY: Chartered under National Bank Act Feb. 4, 1891. Consolidated Ainsworth National Bank Nov. 1, 1902, and Lumberman’'s National Bank Sept. 15, 1917. Purchased Wells Fargo & Co. Bank June 3, 1905 and Ladd & Tilton Dank July 11, 1925. Absorbed West Coast National Bank in March, 1930. SUBSIDIARIES: United States National Corp. organized in June, 1929, to hold stocks of other banks and other investments. Departments: General Banking, Trust and Safe Deposits. Members of: Federal Reserve, A. B. A. Oregon DBankers Assn, Washington Jankers Assn. and Idaho Bankers Assn. DFFICERS: J. C. Ainsworth, Pres.; Edw. Cookingham, Vice Pres.; A. L. Tucker, Vice Pres.; A. M. Wright, Vice Pres.; P. S. Dick, Vice Pres. & Cash.; W. A. Holt, Vice Pres; W. M. Cook, Vice Pres.; Graham Dulsehart, Asst. Vice Pres.; J. D. _.eonard. Asst. Vice Pres.; F. C. Hak, Asst. Vice Pres.; W. L. J. Davies. Asst vice Pres.; F. 8. Meagher, Asst. Vice Pres. DIRECTORS: P. S. Brumby, T. J. Cobbs, Edw. Cookingham, E. Ehrman, R. L. Maclean. R. Treat Plott, A. R. Porter, J. C. Ainsworth, P. S. Dick, A. L. Tucker. A. M. Wright, E. S. Collins, E. C. Sammons, A. R. Watzek, J. W. Blodgett, Sr. {APITAL: Authorized, $3,500,000; Outstanding, $3,000,000; Par Value: $20.00 changed from $100.00 in 1929). DIVIDENDS: Since 1909 (inc. extras), 1910 10 pct.; 1911, 11% pct.; 1912, 12 pct.; 1913, 121; pet; 1914 to 1917 incl, 14 pect.; 1918 & 1919, 18 pect.; 1920, 191% pct. 1921 to 1929 incl, 16 pct. reg. & 4 pct. extra. Number of Stockholders: 414 MARKET R"™"° High ......... LOW =RX20,00 par: previously 1929 1928 2 500 _x0 1450 "00.00 par shares. INCOME ACCOUNT. Years Ending Dee, Net Profits Dividends Paid _........... . Surplus earned for yenr. [larned per share of stoe! shares outstanding ... Book Value of Stock............ Ratio, Deposits to Capital.......... Ratio. Deposits to Cap. & Surolu 229 26,541 “en 11 84 30 § 97 a 2 7 982,17 son {F 30,000 4.86 1.3:1 91:1 Nn ROW O15 1920 994 “nital 000,000 500,000 000.000 Surplus $1.000,000 1,000,000 2 000.000 Undiv. Profi 262,387 1,750,139 2.235.616 Deposits $29,222,000 62 323 5749 YF "SA =r rr" VE STATEMENT. Ax of Dec. 21 RESOURCES— 0nvYon avy 1097 l.oans & Discounts....... LU. 8. Govt. Securities... (Other Bonds & Securitie. _.. Federal Reserve Bank Stoe’ Bank Premises & Real Estate... Safe Deposit Vaults... [.etters of Credit & A: Bond Interest Earned................. Sash and Due from Ranks. 169,776 8,552 “1,534 000 8,070 9 cof 522,833,042 22,275,075 14,343,683 150,000 780.392 N9.477 8 0 6, =e $23,104,068 20,158,137 12,904,698 102,000 830,835 127,003 14.350 “2n N61 TOTAT. ...... LIABIILLITI R=Japitat surplus Undivided Fio/i Circulation eens Letters of Credit .. Ac. optances....... Due Federal Reserve Bank... Other l.iabilities _._ Deposits ‘After providing £300.000 to capitalize 1° 3.000,000 2,000,000 2,255,616 2,300,00¢ 46,121 550,000 53,C¢t 62 2292 RTy oil LU “oo $1 AY Cf) $73.528.166 To.30% Q National Coron. 3.000,000 2700. 000 16,337 50,000 313.797 J (18 0H21 15% THOMSON'S MANUAL 0 COLUMBIA NATIONAL BANK OF PORTLAND. OREGON CONTROL: By Calitalo Investment Corp., San Francisco, Calif. HISTORY: Chartered Dec. 29, 1924, as Brotherhood Cooperative National Bank. Name changed to Brotherhood National Bank, June 19, 1929. Present name adopted Nov. 22, 1929, when control passed to Calitalo Inv. Corp. Capital stock increased in 1930 from $200,000 to $500,000 and par value of shares changed from $100 to $25 by a 4 to 1 split. Departments: Commercial,-Savings. Members of: Federal Reserve, Oregon Bankers’ Assn. OFFICERS: L. F. Shull, Pres.; B. V. Chapel, Vice Pres. and Cash.; H. A. Swart, Vice Pres.; H. C. Baker, S. H. Kromer, C. W. Garrison, Asst. Cashiers. DIRECTORS: A. J. Eckelman, J. G. Gillingham, C. B. Johnson, M. Maffei, B. T. Osh rue, J. W. Ream, E. M. Saunders, F. L. Shull, W. O. Sims, H. A. Swart, F. N. ells. CAPITAL: As of Jan. 30: Authorized, $500,000. Outstanding, $275,000. Par Value, $25. DIVIDENDS: 29% paid in 1928. COMPARATIVE STATFEWENT, As of Dee. 31 RESOURCES— 1929 CASI oes eee eeeeoeasameeseenaseeeanameecaasemasamnmeanameasaccmssrns sennensnsesancn mens naseed 265,313 Loans and DiSCOUNES. coos - cooimrerrencaee mre cmensanen errs osensmmnneaeas 211,820 UO. S. GOV. BONAS. i iiiiiiiiieciacceacccmmemmmmmmmsserraseserasennsm sass mam omnes sansssanean ss 200,000 Other SECUTITIES .ooroooceeioeccerecrceesmesesemmommsoc a osssssasasaassosnnsnonnnnnassas 783,222 Accrued INterest oo ecececcccmcommreneeriieaeereene nena esos ona nes enna 53,5625 Furniture and Fixtures cooooeoomneens ce eeeecemeemm——nan momen 66,925 Dher ASSES cores creeemeeececcccscscemcaanmaneaaceonsans 1,748 LIABILITIES— Capital StOCK cies ecee eee Surplus and Undivided Profits... Circulation ... wes n emma AS ARERR DEPOSITS ceoccescccs so recmmoerrcmmmssess oosecmssseeeesesssesaenseennsissnnsaseoi Bills PAYADIE oiiieieoiciieecmmmree moos serena sess ates nnn se Dther Liabilities .eeicemeeereececrevamcnsrenrmmamamnamoseer=an 1928 318,118 283,805 200,000 1,959,293 32,403 79,669 4.899 29 R78 187 200,000 58,423 £00,000 052,762 50,000 1.878 .%$2.562.,553 $200,000 69,622 200,000 2.407.303 29 RT7R 187 DOUGLAS NATIONAL BANK, Roseburg, Ore. HISTORY: Established 1883. Correspondents: Central Hanover Bank & Trust Co., New York; Wells Fargo Bank & Union Trust Co. and Bank of California, N. A.. San Francisco: First Na-Departments: General Banking. tional and U. S. National, Portland. OFFICERS: J. H. Booth, Pres.; Harrie W. Booth, Vice Pres.; F. P. Clemens, Cash.; Edwin S. Booth, Asst. Cash.; George Kohlhagen, Director; H. Wollenberg. Director; R. Roy Booth, Director; G. V. Wimberly, Director. CAPITAL: Authorized and outstanding. $100.000. Par Value. $100. DIVIDENDS: 168% in 1929. . STATEMENT OF CONDITION, March 27, 1930 RESOURCES LIARIT.ITTIES Loans and Discounts.. Capital Stock .....5 100,000 U. S. BONGSeeeeaemcmenameaaenns Surplus cooeeeecceeeooe. wen omamasit 30,000 Other Bonds co... Undivided Profits Ce eemmmenmeen 37,08] Banking House ..... National Currency ..cococeeeeeee 24,224 Real Estate .. DEPOSITS ooiemcceeremmreeee sore ommmmnnaaan=s 1 274.059 Cash eememnmane _—_— TOTAL: oooeooeeeeeeeeeaenennn- 3 1.566,260 02,850 ,163 295 000 5,036 2.91¢ TOTAL eeeeeeemaesoeemneeeneennnns $1,566,260 Rank val. stock $167. Ratio. dep. to cap. 13.7:1. Ratio. dep. to cap. & surnl. 8.3:1 FIRST NATIONAL BANK, Salem, Ore. HISTORY: Established in 1885. Departments: Commercial, savings, safe deposit, trust depot Members of: Federal Reserve System. Correspondents: Chase National, New York; Continental Illinois Bank & Trust Co., Chicago; Bank of California, N. A., Portland; Pacific National, San Francisco OFFICERS: Daniel J. Fry, Chairman; E. F. Slade, Pres.; S. B. Elliott, Vice Pres.; C. W. Paulus, Cash.; H. E. Eakin, ‘Asst. Vice Pres and Tr. Officer; A. W 3mither, Asst. Cash.; Arthur B. Bates, Asst. Cash. DIRECTORS: Daniel J. Fry, S. B. Elliott, Carl F. Gerlinger, W. M. Hamilton, R M. Hofer, D. B. Jarman, T. A. Livesley, John H. McNary, W. W. Moore, H. H Olinger, R. E. Lee Steiner, J. C. Perry. Keith Powell, Custer E. Ross, E .F. Salde B. L. Steeves, H. O. White. } CAPITAL: Authorized and outstanding, $200.000: Par Value, $100. “» TRUST COMPANIES SMPARATIVE STATEMENT Mar. 27 1930 RESOURC Cash... ". 8. Government Securities ........ __......... Jther Bonds and Securities... endian _woans and Discounts . stock in Fed. Res. Bank ... Real Est, Furn. & Fixtures ............ccooeeo.. -ru-sasmemanck 340,126 303,990 724,233 276,218 7,500 110,779 "2.762.848 TOTAL _. LIABIT T™ (fapital Stock .......__. a surplus and Undivided Profits...... Reserve for Depreciation on Bonds... Jirculation _...... Deposits - raan® 200,000 $7,495 500 i TOTAL ............... 500k Value of Stock.......... Ratio. Deposits to Capital.........._. Ratio, Deposits to Cap. & Surplu Dec. 31 1929 565,267 316,043 775.413 276,199 6.300 1.673 Amn 175,000 61,198 7,500 20,000 wi ! Dec. 31 1928 423,229 321,919 261,936 791,300 6,300 92,433 1.897.120 © 175,000 60,496 798.350 563.273 0 <5 21 5 0:1 LADD & BUSH. Bankers, Salem, Ore. HISTORY: Organized in 1868. Incorporated in Oregon. June 11. subsidiaries: l.add & Bush Trust Co. Departments: General banking, safe deposit, savings and trust. Members of: A. I. A. and Oregon State Bankers. Correspondents: Chase National, New York; First National and U. S. National Portland; Bank of California, N. A., San Francisco. DFFICERS:. A. N. Bush, Pres.; Wm. S. Walton, Vice Pres.;: S. Bush. Vice Pres. {.. P. Aldrich, Cash.; Geo. H. Riches, Asst. Cash.; Roy Burton, Asst. Cash.; H Jompton, Asst. Cash.; C. M. Cox, Asst. Cash.; Jacob Fuhrer, Asst. Cash. DIRECTORS: I. P. Aldrich, A. N. Bush, I.. H. Bush, S. Bush, W. 8 Walton. CAPITAL: Authorized and outstanding, $500,000; Par Value, $100, GROWT L915 1G92G Capital Surplus TUndiv. Profit 500,000 $ 7.000 £102,458 500,000 50,000 125.672 500.000 100.000 144,655 TTMIPRATIATIVE STATEMENT, As of Dec. 31 Deposits $2,471,121 4,907,785 6.503.967 RESOTTRC FE. 199-l.oans lee... Banking House & Fivtul ee Other Real Estate and Reserves... Drafts in Transit Customers Drafts + _ .. Ces... Customers’ Letters of Credit... Bonds eel tazh and UU. & Bonds. 1929 118.490 204,543 52,609 54,205 271,485 6.880 377,950 R62 454 1928 33,772,475 309.500 29,745 111,441 26,660 3.340 263,650 9272999 4,248,602 309.339 25 81321 21,806 5,000 v'8,300 ROO 947 TOTAL CLTJARILITIESnone “5 Capital anae surplus... 'ndivided Profits .. setters of Credit .... Drafts and Acceptances Depaosite 500,000 00,000 ‘4,654 6,880 £71,485 a 298 E00 500,000 “00,000 17.605 3.340 26.660 12 431 500,000 117.725 000 306 35 994 TOTAL ....... ..... .. ook Value of Stock per share ....... tatio, Deposits to Capital .......oooooooeeeoeeen.. Ratio. Deposits to Cap. & Surplus... © 5 a4 ol 16-1 1 THOMSON'S MANUAL UNITED STATES NATIONAL BANK, Salem, Oregon CONTROL: By United States National Corp, Portland, Ore. Originally incorporated in Oregon, Nov. 11, 1904, as the State Bank. Original capital stock of $50,000 increased to $100,000 Feb. 5, 1908. Departments: Commercial, Savings, Trust and Safe Deposit. Members of: Federal Reserve, A. B. A, Oregon State Bankers’ Ass'n. Correspondents: Guaranty Trust Co., New York; Crocker First National, San Francisco; U. 8. National and West Coast National, Portland. OFFICERS: D. W. Eyre, Pres.; F. S. Lamport, Vice Pres.; E. W. Hazard, Vice Pres.; L. C. Smith, Cash; I. G. Page, Asst. Cash.; K. E. Wenger, Asst. Cash. CAPITAL: Authorized and outstanding, $100,000. Par Value, $100. DIVIDENDS (Inc. extras): 1910, 10 pct.; 1911, 15 pet.; 1912, 10 pct.; 1913, 20 pet.; 1914, 20 pct.; 1915 to 1917, incl, 10 pct.; 1918, 11 pet.; 1919, 22 pect.; 1920, 12 pet.; 1921, 22 pect.; 1922 to 1924. incl. 24 pet.; 1925 and 1926, 12 pet.: 1928, 18 pct.; 1929 24 pct. COMPARATIVE STATEMENT, As of Dec. 31 1928 $1,341,359 5,100 1,010,942 224,016 9.628 RESOURCES — 1929 $1.255,532 5,100 7,493 .6.053 105 - [Loans and Discounts.....ceiienaes U. S. Gov't Bonds..occcoecce + 11 immcrancmameeee Other Securities ...icccecccici @mmmmreeemeeee Banking HOUSE .iiieieereaceen Furniture and Fixtures........ Other Real Estate... comes Cash and Due from Banks... Other Assets ........... mn, ARH Bank Acceptances _..... emmmeemaennaneenaes OVELATATLE cee emrmremisissssmmsins ss sassaanenmmsmmmns rman Reserve Fed. Res. Bank. iinet =f Ey (37 2000 on Ce ...%3.101.265 J2¢ TOTAT: evenreener cmisssessansns LIABILITIES +%< 09 Capital Stock ieee Surplus and Undiv. Profits... Cire ation ...esssasomsmessseense Deposits coerce eens Accentances, etC. ocoeuna--nenQ 90 r° 000 +10 00 fF Bool Value of Stock per share... Ratio, Deposits to Capital eens . Ratio. Deposits to Cap. & Survlus. .............. 01-1 1927 $ 977,322 5,100 1,399,018 169,500 52,005 9,725 214.688 “3.412 154.781 292 014.550 100,000 157,916 5,000 2.751,634 $3,014,550 $258 27.5:1 10.7:1 CITIZENS NATIONAL BANK, The Dalles, Oregon HISTORY: Opened for business Jan. 3, 1921. Departments: Commercial Banking. Members of: Federal Reserve, Oregon State Bankers, A. B.A. Correspondents: First Seattle Dexter Horton National Bank, Seattle; Irving Trust Co., New York; First National, Chicago; First National. Portland: Crocker First National, San Francisco. OFFICERS: P. J. Stadelman, Pres.: Dr. J. A. Reuter. Vice Pres.; H. E. Greene ~ash.; C. S. Knight, Asst. Cash. DIRECTORS: P. J. Stadelman, Arthur Seufert, Dr. J. A. Reuter, David Reid. H. LL Kuck, Geo. A. Oban, M. M. Glavey, Dr. F. F. Thompson. CAPITAL: As of Mar. 27. 1930: Authorized and Outstanding. $160.000: Par Value $100. DIVIDENDS: 59% per annum. STATEMENT OF CONDITION. Mar. 27, 1930 RESOURCES | T.TARTI,ITTES Loans and Discounts................ Capital .... . eer ereeeeeeen$ 160,000 Fed. Res. Stock & Bonds.......... Undiv. Profits... 49,623 Banking House and Fixtures Surplus and naw rotits 5.000 Other Real Estate. .occcoceoammnnnns ‘98 Bills Payable ...cooorrecenneees 75, . Sash on Hand & in Banks....... 98.810 DEePOSItS croeemreermmeeeineeaneas 798.587 TOL] ooeeemoeoeermeermeeeemreaemmenneens- $1,088,210 TOLAL eooooeeeeeeeeeeaceenanmerneneeeee $1.08 3,220 nanle val, stock $131: Ratio dep. to cap. 5:1 Ratio dep. to cap. & surp. 3.9:1. BANKS AND TRUST COMPANIES THE FIRST NATIONAL BANK, The Dalles, Ore. HISTORY: Organized in 1885 with capital of $50,000, which was increased to $100,000 in 1905 out of earnings. Departments: Commercial, savings, safe deposit and trust. Members of: Federal Reserve, A. B. A, and Oregon Bankers’ Association. Correspondents: National City Bank and Chemical Bank & Trust Co. New York; Continental Illinois Bank & Trust Co. Chicago; Crocker First National Bank, Jan Francisco: First National Bank and U. S. National Bank, Portland; National Bank of Commerce, Seattle; Old National Bank & Union Trust Co., Spokane; add & Bush, Salem. OFFICERS: E. M. Williams, Pres.; E. O. McCoy, Vice Pres.; L.. Barnum, Vice Pres.: J. W. Hoech, Vice Pres; F. W. Sims, Cash.; W. H. Wilhelm, Asst. Cash.; .. A. Littleton, Asst. Cash.; Max Kasberger, Asst. Cash.; J. F. Tureck, Asst. ~ash.; J. L. Sexton, Asst. Cash. DIRECTORS: L. Barnum, J. W. Hoech, J. L. Kelly, E. O. McCoy, E. M. Williams. ~APITAL: Authorized and Outstanding, $100,000; Par Value, $100. vumber of Stockholders: 30. GROWT Capital Surplus Undiv. Profit 00.000 $125,000 $65,521.96 Cv ,v00 125,000 41,135.69 10,000 125,000 73,307.45 coum TIVE STATEMENT, As of Dec. 31 1929 1928 847,019 855,592 100,052 286,999 173.262 TR EI( Deposits $1,125,872.80 1,659,476.97 2182 .099.97 920 925 929 eeenn. RESOURCES— ,oans and Discounts United States Bonds .... Other Bonds and Secur’ ese aan Federal Reserve Bank Stock... Banking House ...... een ———-Other Real Estate ..... eeannn “ash and Exchange 1927 1,691,395 455,783 “74,206 6,750 2 00(0 2). F TOTAL, ........ LIABILITIES Napital .. surplus "ndivided Profits Reserve for Taxes and Tt Zirculation wen WERE 5 Due to Federal Reserve Bank Neposits ..... << DDE 10,000 5,001 3.307 3.300 2,00( 9 Or ¢ “0 5 ds TOTAL eee. Book Value of Stock.............. Ratio, Deposits to Capital _...... Ratio. Deposits to Cap. & Surplus... AMERICAN NATIONAL BANK, Aberdeen, W HISTORY: Chartered under National Bank Act, June 17, 19? Departments: Commelrcial, Savings and Foreign Exchange. Members of: Federal Reserve, A. B. A.. Washington Bankers’ Assn. Correspondents: National City Bank, New York: Continental Illinois, Chicago; National Bank Commerce, Seattle. DFFICERS: Gaylord Adams, Pres.; Wm. E. Lamoreaux, Vice-Pres.; Jas. H. Fullar, Cashier; K. S. Miller, Asst. Cashier. DIRECTORS: Gavlord Adams, C. G. Blagen, W. G. Fovargue, H. N. Anderson, 3. M. Anderson, Jr.,, E. A. Middleton, A. A. Bator, E. D. Anderson. Wm. E. l.amoreaux. : CAPITAL: Authorized and Outstanding, $400.000: Par Value, $100. DIVIDENDS: 29 paid in 1928; 69%, 1929. Number of Stockholders: Dec. 31, 1929, 48 HARKET RANGE: 1929, 140. INCOME ACCOUNT. Years Ending Dee. 31 ~ 8) sross Earnings _......_.... Expenses Taxes, Ete... Net Profits Dividends Paid Surplus Earned for Yer <arned per Share of Stock... BOOK Value Per Sale eee eeeeaeaaeee enna naeann Ratio, Deposits to Capital... ieee Ratio, Deposits to Capital and Survlus..... X £9 09 3.82:1 9 78 -1 ir 1928 121,255 ns 2-7 x O00 968 ‘a9 ,6.15 “£1 ) R21 THOMSON'S MANUAL STATEMENT OF CONDITION, Years Ending Dee. 31 RESOURCES—— 1929 [Loans and DISCOUNTS... iieceeeeeericeeeeceemenn + aeeeemccneemeeeeeee $1,200,134 Bonds and Warrants. ............... 610,749 Furniture and Fixtures... icine. 73,661 Federal Reserve Stock... eee ememeceeeemceoceonaene 15,000 Cash and U. S. Bonds... RE 754,615 292 654 059 TOTAL ...... rTABILITIES— Capital and Surplus... Undivided Profits ...oocooioiioee Dividends ........... CHreulation orem meee Rediscounts and Bonds Borrowed........coooooiieiiia Deposits cooiiiieeees CE 500,000 £,352 L014 “000 100 293 Sa Ec 1928 $1,160,204 586,151 77,941 15.000 624.083 $2.4063.343 $ 500,000 44,588 4,000 300,000 172,906 1.541,849 £9 442 243 GRAYS HARBOR NATIONAL BANK, Aberdeen, Wash. CONTROL: By Marine Bancorporation, Seattle, Wash. HISTORY: Organized in 1900 as The Aberdeen State Bank. Converted to the National System as The Grays Harbor National Bank in 1925. Control purchased by Marine Bancorporation in 1928. Departments: Commercial, Savings, Trust, Bond, Safe Deposit. Members of: Federal Reserve, Washington State Bankers, Grays Harbor Bankers Assn. Correspondents: National Bank of Commerce, Seattle; First Seattle Dexter-Horton National Bank, Seattle; United States National Bank, Portland, Ore.; Anglo & London-Paris National Bank, San Francisco; National City Bank, New York. OFFICERS: Wm. Donovan, Chairman; Edw. K. Bishop, Pres.; Fred Hulbert, 1st Vice-Pres.; Theodore B. Bruener, 2nd Vice-Pres.; W. H. Tucker, Cashier and Executive Officer; G. W. Ripley, Asst. Cashier; R. M. Landberg, Asst. Cashier: W. A. Reynolds, Auditor. DIRECTORS: Edw. K. Bishop, Theodore B. Bruener, Gust A. Carlson, Neil Cooney, Edward Dolan, Wm. Donovan, W. H. France, Goodbar Jones, Fred H. Hulbert, I. J. Leonard, C. A. Pitchford, W. A. Rupp, W. H. Tucker, T.. R. Waugh. John H. Wilson. CAPITAL: As of December 31, 1929: Authorized and Outstanding, $200,000.00: Par Value: $100.00, of which 185.000 is owned by Marine Bancorporation. DIVIDENDS: 1929, 8%. GROWTH —-Capital Surplus Undiv. Profit $ 25,000 $ 10,000 mmemeannnn 100,000 12,500 $1,983.64 200 000 100.000 46.060.13 Deposits $ 647,420.90 906,212.88 2282 £57.69 1920 _. i199¢ COMPARATIVE STATEMENT, As of Dee. 31 1928 $ 586,320 446,684 993,209 ~25 516 100 (18 4C 14 3.641.561 RESOURCES-=-Cash and Due from BanKks......occocooicoeoe. U.S. Bonds and Treasury Certificates Other Bonds and Warrant: Loans and Discounts............... Federal Reserve Bank Stock....... Furniture and Fixtures......cocoooooioe. Redemption Fund with 1. 8S Traeasu1 Other Resources 1927 $ 675,590 527,394 1,387,585 1.162,486 9,000 29,875 10.000 TOTAL RESOURCES oie ceeeeeeneen LIABILITIES AND CAPTTAL — Capital BEOCIY .ourmvemusimvrsnersmigs Surplus and TIndivided ™-nfite Reserves ..... CIrenlation .cousmsomesvsrsene meee i. Notes Payable, Rediscounts — Bonds Borrowed _. eemmeemman BeDOSIlS cnmmrmmmmmms sm oa SR RR [,iahilitv on Repurchase Agreement 22 01.930 200.000 146,060 8,579 200,000 120,000 2 269 BAR 2¢7,000 5,523 8,364 200,000 228,500 SETTER $ 200,000 112.008 "198.500 2.195,01F 96.407 $3,801,930 $156. 16.:1 10.21 TOTAL LIABILITIES ee... Book Value of Stock... = i. Ratio, Dep. to Cap. orm. Ratio. Dep. to Can. and Surv... 1 2 atl a0 7 we AND TRUST COMPANIES BELLINGHAM NATIONAL BANK, Bellingham, Wash. HISTORY: Founded in 1904 under National Bank Act. Departments: General Banking. viembers of: Federal Reserve. rorrespondents: Guaranty Trust Co. New York: Continental Illinois, Chicago; Wells Fargo, San Francisco; First Seattle Dexter Horton, Seattle; U. S. National, 2ortland. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tuesday in January. DFFICERS: Victor A. Roeder, Pres.; William McCush, Vice-Pres.; E. P. Sanford, \"ice-Pres.; H. P. Jukes, Cashier; E. D. Bates, Asst. Cashier; C. E. Lusby, Asst. vashier; Henry Wirth, Asst. Cashier. DIRECTORS: Robt. W. Battersby, H. W. Diehl, David Ireland, J. P. Jukes, Wiliam McCush, Victor A. Roeder, E. P. Sanford. CAPITAL: As of Dec. 31, 1929: Authorized and Outstanding, $200,000; Par Value 3100. DIVIDENDS: 1910 to 1914 incl, 109% 1915 to 1918 incl, 15%: 1919 to 1929 incl, 20%. Payable: June 30 and Dec. 31. : Vumber of Stockholders: Dec. 31, 1929, 44. MARKET RANGE: 1929—High, 400; Low, 375. STATEMENT OF CONDITION, As of Dee. 31 1929 -,220,810 240 500,000 300.000 RESOURCES-Loans and DiSCOUNS. irene anaes Dverdrafts .... nme ERE SRA evs wwe Building and Fixtures a eeieseesmeeeeesemeecmesemeseeasemnnn Real Estate _............. enema Em EA SE ERS Warrants and Bonds... icine treet nees Federal Reserve StoOCK. orem ieee "ash and Exchange.. 1928 1,127,315 685 570,100 308,000 3,004 149.060 15,000 87.013 97 220 50.052 2R0.1..0 [LIABILITIES ~apital Stock ... smears nn ARR Tndivided Profits cicero sername renee Referve .aissssssssssvemvessamuss RE CA Jirculation eeeeaeae————— Deposits... oon. 200 000 h MH) 1 00 © 304 136.9923 200,000 200,000 53,109 30,000 00,000 «77 070 Book Value of Shares... Ratio, Deposits to Capital........t Dati Denosits to Capital and Surolus...... » Ev) J FIRST NATIONAL BANK. Bellingham, Wash. HISTORY: Chartered under National Bank Act, Aug. 13, 1904. Departments: Commercial, Safe Deposit, Savings and Trusts. Members of: Federal Reserve System, A. B. A,, Washington Bankers’ Assn. orrespondents: Chase National Bank, New York; Continental Illinois, Chicago; National Bank of Commerce, Seattle; Crocker National Bank, Anglo London and Paris, San Franeisco; U. 8. National and First National, Portland. DFFICERS: E. W. Purdy, Pres.; J. J. Donovan, Vice-Pres.; A. M. Muir, Vice-Pres.; H. C. Heal, Cashier; C. G. White, Asst. Cashier; A. L. Olsen, Asst. Cashier; O. selander, Auditor. DIRECTORS: Daniel Campbell, J. J. Donovan, Lin. H. Hadley, P. P. Lee, Alex. M. Muir, E. W. Purdy, Fred J. Wood. CAPITAL: As of Dec. 31, 1929: Authorized and Outstanding, $500.000; Par Value, 5100. DIVIDENDS: 109% per annum. Number of Stockholders: 30. COMPARATIVE STATEMENT Ax of Dee. 31 1929 227,205 645 628,450 702,646 150,000 206,674 47,628 5,395 2.500 RESOURCES-{.oans and Discounts ..... Dverdrafts ....... EE ERE NEW i United States Gove... ment Securities Ownea Other Bonds, Stocks and Securities Owned..........._. Banking House, $135,000; Furn. and Fixtures. &1b.. Reserve with Federal Reserve Rank Jash and Due from Banks... Dutside Checks and Other Cash Items. ...................... Redemption Fund eee —————— TOT AT, 6 THOMSON'S MANUAL LIABILITIES— Capital Stock Paid In... Undivided Profits—INetl cosine oss Reserve for Dividends... ener eceeeees Reserves for Interest, TAXES... Circulating Notes Outstanding... Due to Banks............. ei RAS SRR Demand Deposits oii eee Time Deposits cocoon: RE IMTnited States Deposits. eine 500,000 100,000 138,489 60,000 3,645 50,000 73,789 2,115,910 .,630,515 1.000 2 500,000 100,000 96,849 =0 000 50,000 242,897 2,238,674 1,647,559 2.991 Book Value of Shares.....ociiiiiiiiicans ces oo Ratio, Deposits to Capital. Ratio. Deposits to Capital and Surplus. ......cccoiieiianneen ©) $4,930,970 $139.37 8.3:1 5.91 0 NORTHWESTERN NATIONAL BANK, Bellingham, Wash. HISTORY: Established 1908. Departments: General Banking, Safe Deposit. Members of: Federal Reserve. Correspondents: Central Hanover Bank & Trust Co. New York; First National, Chicago; First Seattle Dexter Horton National, Seattle; Anglo & London-Paris National, San Francisco. OFFICERS: H. B. Paige, Pres.; C. K. McMillin, Vice Pres.; P. E. Heal, Cash; W. H. Lawson, Asst. Cash.; J. E. Owen, Asst. Cash.; L. G. Judson, Asst. Cash. DIRECTORS: Frank N. Brooks, H. B. Paige, J. A. Kellogg, C. XK. McMillin. Dr 3. H. Johnson, Fred P. Offerman, P. E. Heal. . CAPITAL: Authorized and outstanding, $100,000. Par Value, $100. DIVIDENDS: 129% paid in 1929. STATEMENT OF CONDITION, March 27, 1930 RESOURCES LIABILITIES [Loans and Discounts. _..............§ OVerArafls ...ccvssssasssasmmmosnvuime U. S. Gov. Bonds, Notes....... .... Fed. Reserve Stock............. Bonds and Warrants........ Real Estate .ccoocecrreeraann Furniture and Fixtures. Future Bank Site............. “aah and Exchange.....ocooeo... Capital Stock .eeeeeceeeeeceeeeeend 100,000 Surplus Fund coins 75,000 Undivided Profits coerce 42,379 Res for Taxes and Int. ............ 4,830 Deposits ooeee oo. eee. 1.848.427 iB TOTAL eeeeeeeneeennnnn $2,065,636 Book val. stock $217. Ratio. dep. to cap. 18.4:1. Ratio. dep. to cap. & surpl. R.4:1 __%2065.636 COFFMAN DODSON BANK & TRUST CO., Chehalis, Wash. HISTORY: Founded in 1884, Incorporated under laws of Washington in 1904. Affiliated Banks: Toledo State Bank, Toledo, Wash. (Capital, $100 non: and Pe Ell State Bank, Pe Ell, Wash. (Capital, $15,000). Departments: Commercial, Savings and Trust. Viembers of: Federal Reserve, American Bankers Assn. and Wash. Bankers. Correspondents: Chase National, New York; U. S. National, Portland; National Bank of Commerce, Peoples Bank and Trust, First Seattle Dexter Horton, Seattle: Bank of California, Tacoma and San Francisco; National Bank of Tacoma. OFFICERS: N. B. Coffman, Pres.; T. C. Rush, Vice-Pres.; D. T. Coffman, Vice-Pres. and Cashier; H. S. Bennett, Sec.; C. R. Mitchell, Tr. Officer; Hull and Murcay, Gen. Counsel, Chehalis, Wash DIRECTORS: H. S. Bennett, D. T. Coffman, N. B. Coffman, A. A. Hull, T. C Rush, C. R. Mitchell, W. A. H. Binley. CAPITAL: As of Dec. 31. 1929: Authorized and Outstanding, $150.000; Par Value. $100. Number of Stockholders: 20. BANKS AND TRUST COMPANIES STATEMENT OF CONDITION, Mar. 27, 1830 RESOURCES LIABILITIES .0ans. oo. Bonds and Warrani Fed. Reserve Bank Banking House & ther Real Estate... Trust Funds and Secu. ~ash and Due from De “ustomers' Liability ... ed 1,402.773 716,060 7,500 "4,414 1,947 €,287 55, 7.4 Capital Stoctk Surplus Funa ... . Undivided P.ofi eserves Deposits ........... Trust Liabilities . Jue Fedei.l Rese >» rnk...... setters of Crear. 1tscanding ¢ 13ook Value Per Share......... Ratio, Deposits to Capital .....c.coe Ratio. Deposits to Capital and Surplus 150,000 100,000 8,428 8,013 2,223,754 ,406,287 108,310 7,427 012,219 169,40 8.1 5.7:1 77 COLFAX NATIONAL BANK, Colfax, Wash. HISTORY: Established in 1884. Members of: Fed. Reserve. Correspondents: National City Bank, New York; Bank of California, San Fransisco and Portland; Old National Bank, Spokane; Spokane and Eastern Trust. DFFICERS: Alfred Coolidge, Pres.; A. F. McClaine, Jr., Vice-Pres.; Harold Davis. ~ashier:; A. G. Marion, Asst. Cashier; Chas. E. Scriber, Asst. Cashier. DIRECTORS: Alfred Coolidge, W. A. Mitchell, LL. M. Sheffer, Harold Davis, tirard Clark, D. A. Beasley, A. F. McClaine, Jr.,, Dolph Coolidge. CAPITAL: As of Dec. 31. 1929: Authorized and Outstanding, $200.000; Par Value $100. COMPARATIVE STATEMENT, Year Ending Dec. 31 RESOURCES- 1929 Loans and Discounts. ................ REE RRR ERS ST 368,635 United States Bonds... cerns a 277,950 Bonds and Securities......... eeeeaeaseeemmneseseeeseeennean Ne 679 Real Estate o.oo. meen mah 6,270 Furniture and Fixtures. .....iieeeeeees Toe Due from UU. 8. TreasSUIerI i eceencmceeeenceacamcserressrnsnnnns Sou Mash and Due from Danks....... emma 7.853 1928 $1.284,870 277,000 “0,062 ma ( o£" TOTAL ....... LIABILITIEStapital STOCK coil oh eee, Surplus and Undivided Profits and Reserves_............ . Circulation PRTC Dividends Unpaid ..... eeee—n—a——n—————nan DEDOSILE cis vnisissimiiissssimisimumasssssssssaessynnes I 3ills Pavable and Rediscounts_ .... 200,000 3.581 00,000 805 nn Q Wd o¢ zl TIL ILE § i TOTAL eee. ook Value of Stock.............. Ratio, Deposits to Capital... Ratio. Deposits to Capital and Surplus._......._ COLUMBIA NATIONAL BANK, Dayton. Wash HISTORY: Established in 1882, Members of: Federal Reserve System. l'oerrespondents: Chase National Bank, New York; First National, Chicago; First National, Portland: Old National Bank and Union Trust, Spokane. OFFICERS AND DIRECTORS: John D. Ankeny, Pres.; J. W. Jessee, Vice-Prex ; (3eo. W. Jackson, Cashier; J. G. Israel, Asst. Cashier; J. L. Wallace, Geo. F. Price. CAPITAL: As of Dec. 31. 1929: Authorized and Outstanding, $100 000: Par Value $100. DIVIDENDS: 1925, 109%; 1926 to 1929 inclusive. 159% per annum. Market Price of Stock: 1929, $300. STATEMENT OF CONDITION. Dee. 31, 1929 RESOURCES JABILITIES woans and Discount Overdrafts ...... Bonds and Stoc’ Real Estate ........ Furniture and Fi ti: (". 8S. Bonds................. ~ach and Fychange 100,000 100,000 50,174 62,900 224,570 1,200 071.476 3ook Value of Stock... Ratio, Deposits 10 Capital......commmmmmmimsmeorimmmmmsins Ratio Deposits to Capital and Surplus... 20) S ¥ > — THOMSON'S MANUAL CITIZENS SECURITY NATIONAL BANK, Everett, Wash. CONTROL: Citizens-Security Corporation. HISTORY: Consolidation of Citizens Bank & Trust Company, (founded 1913), and Security National Bank of Everett,( founded 1920). Physical amalgamation cook place April 29, 1930. Same directors of each bank retained. President and Cashier of Citizens Bank & Trust Company made same officers in the new amalgamated bank. i Departments: Trust, School Savings, Bonds, Savings, Safety Deposit, Commercial. Members of: Federal Reserve, A.B. A. Correspondents: Peoples Bank & Trust Co. Seattle; Bank of California, Seattle: Pacific National, Seattle; Wells Fargo Union Trust. San Francisco; National City Bank, N.Y. City. OFFICERS: Nathan IL. Thompson, Pres.; Theodore H. Bowden, First Vice-Pres.; A. R. Metz, Vice-Pres.; O. A. Torgeson, Vice-Pres.; Frank L. Cooper, Vice-Pres. and Cashier; C. W. Butler, Vice-Pres. and Tr. Officer; A. D. Stevenson, Asst. Cashier; Leo Wilson. Ast. Cashier; A. J. Madden, Asst. Cashier and Asst. Tr Officer. DIRECTORS: W. P. Bell, W. R. Booth, Theodore H. Bowden, Chas. W. Butler, Olof Carlson, Frank L. Cooper, W. G. Grimm, Chas. W. Haines, Even A. Hevly, Philip Hingston, William T. Knowles, A. R. Metz, Hugh W. Sessoms. Frank C. Sheraton, Harry O. Siler, Nathan L. Thompson, Clayton M. Williams. CAPITAL: As of Jan. 1, 1930: Authorized and Outstanding, $200.000: Par Value, $100. ’ DIVIDENDS: 69% per annum. STATEMENT OF CONDITION, Dec. 31, 1929 RESOURCES LIABILITIES Loans and Discounts...............$1,459,913 Capital Stock ..ooeeeecveeneeeeee $0 200,0000 Overdrafts ciel. eel. 338 Surplus and Undivided Profits 21,511 Bonds and Warrants................. ~ 445,894 (jpeulation emeeeen. 188,660 Banking House and Fixturc:z 7,103 Ted . : Dividends Unpaid ...ccoooioeeaaeeeee. 17 Due from U. S. Treasurer . 1: . other Danks Letters of Credit 4,500 letters of Credit... Deposits eeeeee .. 83.171,988 $3,592,676 Book Value of Stock ........ eemnrcrneemee $113.76 Ratio, Deposits to Capital... oie PTR 16 to 1 Ratio. Deposits to Capital and SUrD US. ooo eee 14 to 1 EVERETT TRUST AND SAVINGS BANK, Everett, Wash. CONTROL: Affiliated with First National Bank of Everett. HISTORY: Founded 1902 as Savings and Real Estate Loan Bank. Consolidated with Bank of Commerce in Jan. 1930. (Bank of Commerce founded in 1900.) BRANCHES: Pine Street, Everett, Wash.,, and Coupeville, Wash. Departments: Commercial, Savings, Trust. Correspondents: Chase National Bank, N. Y.; Crocker First National Bank, S. F.; Metropolitan National Bank, Seattle. OFFICERS: Wm. C. Butler, President; Robt. Moody, L. L.. Crosby, W. M. Jenkins, E. C. Olson, G. 8. Aldrich, Vice-Presidents; E. G. Startup, Cashier; C. W. Johnson, 8S. T. Burnham, Asst. Cashiers; C. A. Craft. Mgr. Pine St. Branch; C. H. rRuthford, Mgr. Coupeville Branch. DIRECTORS: G. S. Aldrich, Wm. C. Butler, J. A. Coleman, L. L. Crosby, H. L. Dean, A. H. Gunderson, Wm. Howarth, W. M. Jenkins, A. H. B. Jordan, Robt. Moody, Clifford Newton, E. C. Olson. CAPITAL: As of Dec. 31. 1929 Authorized and Outstanding, $200.00Q; Par Value, $100. STATEMENT OF CONDITION, Dec. 31, 1929 RESOURCES TTADITITTRS First Mortgage Loans.............$ [Loans and Discounts... Sawn Bonds and Warrants....... I Stock F. R. Be~"". iain DVETBrafls .cocsmessmmmrummssmssesssinme Furniture and Fixtures............ "ther Real Estate... “ash and Due from Banks... DEDIA] reves. 250,000 Surplus and Undivided Profits 114,904 Reserve for Taxes... _......... 8,669 Deposits eee. 3.419.551 ¢92 799 125 te mQ2 195 BANKS AND TRUST COMPANIES jr FIRST NATIONAL BANK, Everett, Wash. HISTORY: Chartered under National Bank Act in 1892. SUBSIDIARIES: Everett Trust and Savings Bank is allifiated company. Departments: General Banking. Members of: Federal Reserve System. Correspondents: Cen. Han. Bank & Trust Co, New York.; National City, N. Y.; “hase Nat., N. Y.; Continental Illinois, Chicago; National Bank of Commerce, Seattle: First Seattle Dexter Horton, Seattle; First National, St. Paul; N. W, \Vational, Minneapolis; Crocker First Nat, and Wells Fargo, San Francisco. DFFICERS: W. C. Butler, Pres.; William Howarth, Robert Moody, L. L. Crosby, Vice- Pres.: J. A. Norway, Cashier; C. A. Welday, Asst. Cashier. DIRECTORS: WW. C. Butler, H. J. Clough, J. A. Coleman, L. L. Crosby, William Howarth, W. G. Hulbert, N. C. Jamison, A. H. B. Jordan, Robert Moody, J. A. Norway, W. J. Pilz, Clyde Walton, H. W. Stuchell, C. H. Brokaw. CAPITAL: As of Dec..31. 1929: Authorized and Outstanding, $500,000; Par Value. 3100. COMPARATIVE STATEMENT, As of Dec. 31 1929 8.289.188 611 872,549 33.000 299,850 L771,643 2.500 RESOURCES— Land and DiSCOUNES... co ieeeeeeeeemcaesaeenneesnaamcasemeeemeseanameess § Jverdrafts ....... rn mmm an ned EERE ARAN SE Securities ........ eee eeemmmeeemmmeeememeeesemeceeseememeesmeeecee eens Federal Reserve Bank Stock... Banking House, Ete. iii eeenneas Tash and Due from Banks... ees Redemption Fund TOTAL ..... LIABILITIES-Capital Stock . R2urplus and Undivided Profils....c.osmseecsemsncsoseses Reserves ... somos nnnsensnsabnnsienENRE RES CR Jirculation ......... eee mem emeemememeemeseemaseceeneeans Dividends Unpaid ............. Deposits ..... 312.969.9141 500,000 H06,015 62.560 50,000 22,250 O28 416 TOTAL ........... Book Value of StoCK. eee Ration, Deposits {9 CADIMAL cum remacmmoemmvsss 2atio Deposits to Capital and Suronlus..... 260.2 z21.%0 22.1:1 9.99:1 1928 7,104,793 412 7,580,869 2,000 2 5 = 00 t “0,000 629 "113 4,350 2.550 22849 FARMERS BANK. Ellensburg, Wash. HISTORY: Organized Jan. 1906. Departments: Commercial, Savings, Safe Deposit. Members of: Federal Reserve System, A. B. A. Correspondents: National Bank of Commerce, Seattle: Chase National, New York; American Trust Co., San Francisco. OFFICERS: R. Lee Barnes, Pres.; D. W. S. Ramsay, C. C. McGranahan, Vice-Pres.; J. C. Sterling, Cashier; C. E. Robinson, Asst. Cashier. DIRECTORS: D. W. S. Ramsay, C. C. McGranaha, R. Lee Barnes, 3. PP Wippel. Joseph Hovey, J. C. Sterling, C. E. Robinson. CAPITAL: As of Dec. 381, 1929: Authorized and Outstanding, $100,000. STATEMENT OF CONDITION, March 27, 1930 RESOURCES TABILITIES [.oans and Discounts. Iverdrafts couse sos ae Stock in Federal Res. lank. Bank Building & Equipmer 3onds, Warrants, Securities... Yash and Due from Banls. Mapital Stock ...... .. ...........$ 100,0000 Surplus & Undivided Profits 65,626 Reserves 10,000 Deposits 1,193,106 268.723 FOR THE POCK!™" Adequate Bond Values, $6.50 Standard DBond Values, $6.00 "niversal Bond Values, $5.50 Vonthly Dond Values , $75.00 ACME Bond Values, $35.00 Adequate Bond Values. $18 00 Special books on Serial Bonds, Annual Interest, Etec. THOMSON’S BUSINESS BOOK SERVICE Qeattle Waeh FOR THE DESK - . 30 THOMSON'S MANUAL BANK OF HOQUIAM, WASH. HISTORY: Established 1925. Departments: Safe Deposit, Bonds, Savings, Trust. Members of: Federal Reserve, A. B. A. and Washington Bankers. Correspondents: First Seattle Dexter Horton National, Seattle; National City, New York; Continental Illinois Bank & Trust Co. Chicago; Anglo & London-Paris National, San Francisco; U. S. National, Portland, Ore. OFFICERS: F. G. Foster, Pres.; R. D. Emerson, Vice Pres.; A. G. Rockwell, Vice Pres. and Cash.; M. M. Pattison, Asst. Cash. and Tr. Officer; Ralph E. Johnson, Asst. Cash. DIRECTORS: A. W. Callow, R. D. Emerson, F. G. Foster, Wm. L. Hyndman George G. Kellogg, Frank H. Lamb, C. Stuart Polson, E. W. Daniels, A. G. Rockwell. CAPITAL: Authorized and outstanding, $100,000. Par Value, $100. DIVIDENDS: 1929. 6%. STATEMENT OF CONDITION, March 27, 1930 RESOURCES LIABILITIES Loans and Discounts..................$1,295,537 Capital Stock ....... Bonds and Warrants............. 737,856 Surplus... ie Stock in Fed. Res. Bank... .. 4,500 Undivided Profits ... —— Customers’ Liability TF /¢- 1,200 Ressryes re Bank House, Furn. & 18,976 lability under . /Ceooonnnen T o tt ” rRediscounts _.._.... meena. rust Fds & Securitic. "0,702 Trust Accounts Bonds Borrowed .... NF’ Bonds Borrowed Sash and U. S. Bonds Deposits 100,000 50,000 43,890 34,109 3,704 50,000 60,702 112,050 2.293.197 TOTAL eee $2,747,652 TOTAL eee $2,747,652 Book val. stock $194. Ratio. dep. to cap. 22.91 Ratio dep. cap. & surpl. 11.8:1. FIRST NATIONAL BANK OF HOQUIAM, Hoquiam. Wash, HISTORY: Chartered under National Bank Act in 1890. Absorbed Lumbermen’s National Bank & Trust Co., June 26,1928. Departments: General Banking. HHembers of: Federal Reserve System. Correspondents: National City Bank, N. Y.; Continental Illinois Bank & Trust Co., Chicago; National Bank of Commerce, Seattle: Anglo T.ondon & Paris Naf{ional, S. F.; West Coast Nat., Portland. DFFICERS: Gaylord Adams, President; C. G. Blagen, Vice-President; R. E. Dawdy, Cashier; R. M. Trough, Assistant Cashler; Neil G. Gregerson, Assistant Cashier; L. O. Curtis, Assistant Cashier; M. Lenfesty Eberting, Trust Officer. DIRECTORS: Gaylord Adams, CC. A. Bitar, C. G. Blagen, R. W. Craig, R. E. Dawdy, A. J. Delateur, Frank A. Gillett, F. M. Kellogg, P. F| Klein, A. J. Mc-Intyre, C. C. Pinnick, T. F. Eckstrom, J. A. Tannahill, H C. Watkins. CAPITAL: As of Dec. 31, 1929: Authorized and Outstanding. $§300.000: Par Value. $20. DIVIDENDS: 1927, 18%. 1928 and 1929, 27%. Number of Stockholders: 74. Market Range? 1929, $500: 1928, $500. Before changing stock from $100 to $2¢ par value. COMPARATIVE STATEMENT. As of Dec. 31 ASSETS— 1929 Loans, Discounts, Etc.........._...._. ®1,276,645 Real Estate and Securities _ 2,352,750 U. S. Govt. Securities 678,142 Dther Assets ... 13,932 TOTAL ASSETS coe eeeeeeeeeeeeeeameeaeaomeenmmannaaneeeeee $4.715.111 LIABILITIES — Capital Stock ....... eemmenan Surplus and Profits... eens Reserves for Interest. Taxes. Fre oceans Circulation .. eee mean mm anne Deposits mms eae Other Liabilities ooo. Bills Pavahle and Rediscounts 300,000 101,240 62,500 300,000 3.659.270 292.101 oil %6.75 _2.2:1 gq 192-1 TOTAL LIABILITIES ieee ccaeeeanmameacmeencnaaen Book Value of Stock (320 Par) meee ccemeccacaens Ratio, Deposits 10 Capital. cosusnmmmmmmmsmmnmsasesypsovssome Ratio. Deposits to Canital and SurnluS.eee ee. ieee oo. $4,” 1928 $1,370,574 2,035,541 721.354 4.428.766 $ 300,000 138.737 77594,900 3.650,929 44.200 $4,428,766 $29.25 12.17:1 2 29:7 3ANKS AND TRUST COMPAN.c. FIRST NATIONAL BANK; Longview, Wash. CONTROL: Controlling interest is held by the Anglo National Corp., San Francisco, Calif. HISTORY: Established June 7, 1923. Correspondents: Chase National Bank, N. Y.; First Seattle Dexter Horton Narionai, Seattle; Anglo London and Paris National, San Francisco; First National Bank, Portland; U. S. National, Portland. OFFICERS: Luke L. Goodrich, President; S. M. Morris, Vice-President; E. W. Ross, Vice-President; M. R. Couch, Cashier; D. R. Laird, Assistant Cashier. DIRECTORS: M. R. Couch, E. J. Craig, Luke L. Goodrich, S. M. Morris, A. L. Raught. Jr.,, E. W. Ross, J. D. Tennant. CAPITAL: As of Dec. 31, 1929: Authorized and Outstanding, $125.000: Par Value 5100. DIVIDENDS: 139%. STATEMENT OF CONDITION, Dec. 31, 1929 RESOURCES "TJARITLITIRESR i.oans and Discounts. Bonds and Securities. Banking House Furni Fixtures Other Real Estat... Tash and Sight Exchange. na, om Capital Surplus _.. I'ndivided iro" 3 oo... dividend Payable Jan. 2, 1930 {Unearned Interest ___ Deposits 125,000 25.000 12,409 3.750 3.188 1.256.986 96. L068 01,560 496° 51.426. MONTESANO STATE BANK, Montesano, Wash. TONTROL: Marine Bancorporation, Seattle, Wash. HISTORY: Established in 1897. Marine Bancorporation acquired control in August, 1929, Correspondents: National City Bank, N. Y.: National Bank of Commerce, Seattle; “rocker First National, San Francisco; National Bank of Tacoma. OFFICERS: A. D. Devonshire, President; E. L. France, Vice-President; W. H. France. Cashier; R. B. Kemp, Assistant Cashier; H. G. Bernard, Assistant Cashier. DIRECTORS: F. W. Byles, A. D. Devonshire, E. L. France, W. H. France, Gaston Moch, F. L.. Nethery. CAPITAL, as of Dec. 31, 1929: Authorized and Outstanding, $50.000: Par Value. 3100. DIVIDENDS: 1929, 309%. STATEMENT OF CONDITION, Dec. 31, 1929 RESOURCES LIABILITIES Cash and Due from Banks......$ 2.8, Bonds and Treasury Certificates o.oo... Dther Bonds and Warrants... Tu, he Janking House & Eguipment 20.000 Capital Stock ......... oo... .. Surplus & Undivided Profit Reserves ....... Bonds Borrowed _.. FYEPOSITS 21 2924 FIRST NATIONAL BANK, Mount Vernon. Wasn CONTROL: By Marine Bancorporation. HISTORY: Established in 1889 Marine Dancorporation acquired control August, 1929, Correspondents: Chase National Bank, New York; National Bank of Commerce, Seattle; Anglo, l.ondon and Paris, San Francisco. DFFICERS: N. B. Hannay, Pres.; R. G. Hannaford, Vice-Pres.; H. A. Moldstad, Cashier; R. C. Moen, Asst. Cashier. DIRECTORS: G. DB. Grace, R. G. Hannaford, N. 13. Hannay, N. J. Moldstad, W. J. Knutzen, J. A. Munch, Thomas Smith. CAPITAL: As of Dec. 31. 1929: Authorized and Outstanding, $100,000: Par Value S100 STATEMENT OF CONDITION, Dec. 31, 1929 RESOURCES LIABILITIES ash and Due from Banks....___§ Capital Stock oo... .........® 100,000 ’. 8. Bonds and Tres. Cert....... Ir I'm AF Tm 5 Jther Lionds and Warrante.. Surplus & Undivided Profits. $5,603 Loans and Discounts.............___. Reserves 9,562 Federal Reserve Bank Stock.. Deposits... 1.395.948 Banking House and Equip....... Mther Resources 305,129 155,255 13.386 38,253 3,600 29,224 26 261 1 571 204 3. THOMSON'S MANUAL CAPITAL NATIONAL BANK, Olympia, Wash. CONTROL: By Marine Bancorporation, Seattle, Wash. HISTORY: Chartered under National Bank Act in 1890. Departments: General Banking and Trust Dept. Members of: Federal Reserve, A. B. A. and Wash. State Bankers. Correspondents: Equitable Trust Co., New York; First National, Chicago; National Bank Commerce, Seattle; Crocker First National, San Franciseo: U. S. National, Portland. OFFICERS: C. J. Lord, Pres.; H. C. Lucas, Vice-Pres.; W. J. Foster, Vice-Pres.; Ww. H. Brackett, Cashier; S. E. Mowell, Asst. Cashier; Theodore Parker, Asst. Cashier. DIRECTORS: J. J. Brenner, Dr. George W. Ingham, Henry McCleary, C. J. Lord, iH. C. Lucas, W. J. Foster, C. 8. Mumby, Thomas L. O'Leary, 1.. E. Titus. CAPITAL: As of Dec. 31, 1929: Authorized and Outstanding, $100.000; Par Value, . $100. DIVIDENDS: 20%. stockholders: Marine Bancorporation owns 91%. COMPARATIVE STATEMENT, As of Dec. 31 ASSETS— fash and Due from Banks. ..ormrmsesnnneeneeses J. S. Bonds and Treas. Certain rio imeas coos Other Bonds and Warrants...........cooceeooomee em Loans and DiSCOUNTS. i inerenasennnnns censnonenerssnn oo Federal Reserve Bank SOCK. cereicemmarecane © emeemmeeocemneeanee-Banking House, Furniture, TREC. nviremcnnesrnunemnnsm mes stn smsns mses nes Redemption FUNDA «oom mesnssss sans cosas sans sons TOTAL ASSETS coomeuoomoeseseemreeesermremsmssesssaseenssarsssassoas rTABILITIES— Dapital STOCK cooereeieiiiimimneininas seins cenenesssnnenn nein Surplus and Undivided Profit eecenmennnenees RESEIVES coevememmemcironnnnen wen geome mmm ns SEGRE pa we a Circulation eerie \ ‘exes e——————ma Deposits... 1929 $1,496,592 449.000 292,024 179,511 7.500 cR.840 R000 $2 028.467 1928 788,117 638,307 355,685 ..1486,857 7,600 207,667 5.000 €3 169.133 100,000 To 614 000 “900 ra 100,000 157,352 4,000 98,750 2.809.031 $3. 69,133 257.35 28:1 11.2:1 TOTAL ASSETS riimiimremmmarsnsrsemsamnssmnanse oes Book Value Of STOCK reir enircennenceinanees Ratio, Deposits to Capital. ccoeemmromonmemsennnnneeee ee Ratio Deposits to Capital and SUTDIIS eiceaeecceeaees OLYMPIA NATIONAL BANK, Olvmnpia, Wash. AISTORY: Founded in 1900. Departments: Safe Deposit, Bonds, Savings, Trust. Viembers of: A. B. A, Washington Bankers’ Assn. Correspondents: First Seattle Dexter Horton National, Seattle; National City, Jew York; Union Trust Co, Cleveland; Crocker First National, San Francisco. OFFICERS: O. M. Green, Pres.; BE. M.” McCrosky, W. H. Draham. Vice Pres: O T. Olsen, Cash.; S. R. Jones, Asst. Cash. DIRECTORS: Earl M. McCroskey, O. M. Green, Walter M. Draham. CAPITAL: Authorized and outstanding, $125.000. Par Value. $100 DIVIDEND: 1929. 129%. STATEMENT OF CONDITION, Mareh 27, 1930 RESOURCES LIABILITIES Loans and Discounts... .......8 ~apital Stock eee 125,000 overdrafts nritie comm SUTPIUS cevcencmomamoeimmaencnensssnnnnesnsenas 50,000 v . (x0V. ecuritier ES Indi ided P PIED nrremmensiigis ene 21,540 Siam Bonds Sta Fgsyiion Bot ge Ban ing ouse & Fixtures... sooseeosTemmmnmmeoTmmmeI o Foderal Reserve Bank........... Demand Deposits coos 1,650,236 Cash and Due from Banks... Time DePOSits crereerrmerrrrssreereeers 137,382 Nash TLeINS coormcereocmenmmmmmaeeemcaes [1. 8S. DePOSItS maaan 2.298 29 095.892 R68,267 1,453 358,497 "18,189 56,000 51,007 150,941 1.539 TOTAT. een. 82.095.893 TOTAL eee ——- iD TRUST COMPANIES C FIRST NATIONAL BANK, Raymond, Wash, HISTORY: Established 1920. Departments: Commercial Banking, Savings, Safe Deposit, Investment Service, General Banking. Members of: Federal Reserve System. Correspondents: Central Hanover Bank and Trust Co., New York; First Seattle [exter Horeen National Bank, Seattle; Bank of California, Tacoma; U. S. National, ortland. OFFICERS: Frank Nixon, Pres.; Leslie V. Raymond, Vice-Pres.: Fred Eichner, Cashier and Tr. Officer; Chester L. Switzer, Asst. Cashier; Earl Watson, Asst. Tr. Officer. DIRECTORS: Frank Nixon, Leslie V. Raymond, Fred Eichner, Chester L. Switzer, Earl Watson, Carl Gylling. CAPITAL: As of March 27, 1930: Authorized and Outstanding, $100,000; Par Value: $100. DIVIDENDS: 109%. STATEMENT OF CONDITION, March 27, 1930 RESOURCES LIABILITIES Loans and Discounts..... Capital Stockh Dverdrafts coo... 2 {I. 8. Bonds, Bonds an’ Surplug ..... CITT ea ees Federal Reserve Bar’ Reserves... Pupnienye ane Pig ‘ndivided Profits ... edemption wi 1. rr. 3 Other Real Estate... Hreulation Tee Cash and Exchange deposits A 100,000 20,000 20,000 32,869 50,000 851.657 Sook Value of Stock....._.... Ratio, Deposits to Capital......................._ Ratio, Deposits to Capital and Surplus... $1,074,526 $153 85:1 56:1 AMERICAN EXCHANGE BANK, Seattle, Wash. HISTORY: Incorporated in 1901 as American Savings Bank and Trust Co. under Washington laws. In 1926 name was changed to present. Departments: Commercial, Savings, Trust, Safe Deposit and Foreign Exchange. Members of: A. B. A, Washington Bankers Assn. Correspondents: Dank of Ttaly, San Francisco: United States National Bank, Portland. Ore.; Equitable Trust Co. and National City Bank, New York; Foreman National Bank, Chicago. OFFICERS: J. P. Gleason, Chairman: Otto K. Strizek, Pres.; Pierre P. Ferry, Vice-Pres.; A. T. Drew, Cash.: F. L. Kerns, Asst. Cash.: G. L. Fehnel, Asst. Sec. DIRECTORS: Otto K. Strizek, Mrs. Eliza F. Leary, J. P. Gleason, E. R. Murray, Pierre P. Ferry, J. P. Barron; J. H. O'Neill. L. K. Brin. J. Y. C. Kellogg. Claude CO. Ramsay, James Crehan. CAPITAL: Authorized and Outstanding, $300,000: Par Value: $100 DIVIDENDS: 1928, none; 39% Dec. 31, 1929. STATEMENT OF CONDITION, Dec. 31, 1929 RESOURCE LIABILITIES Capital Stock .... Surplus and Undiv. Letters of Credit. Deposits... Loans and Discounts... Safe Deposit Vaults... Furniture & Fixtures Customer's Liability _._.. Stocks & Other Securi U. 8S. Bonds & Other Bonc Nash and Exchange. 108,208 500 ,595 >07 29% 1 € 300,000 96,612 52,307 926 879 — 4 Total Total RTRNRRRRERRRRER CTP 5-1. 3 & 1. 1 Rook val. stock $132.20. Ratio, dep. to cap. 6.4:1. Ratio. dep. to cap. & sur. 4.9:1. INTEREST TABLES Devores—1 day to 1 year by days, 360 and 365-dav basis. 1 to 69. bv 1s. tle to 10% by Ys. Price $7.00. Stouts—1 day to 1 year by days, 360 and 365-day basis, 1 to 10. by 1s Juick—1 day to 1 vear by davs. 5. 6. 7 and 89% 360-dav basis. Prices$2 50 Price $7.00. Robinsonian Universal, $7.00. Delbridze Wonderful—90 days, $5.00; 180 days, $10.00: 360 days, $2000 We stock all standard Interest Tables. THOMSON’S BUSINESS BOOK SERVICE Seattle. Wash. THOMSON'S MANUAL THE BANK OF CALIFORNIA, N. A MAIN OFFICE: San Francisco, Calif. RRANCHES: Portland, Ore.; Seattle, and Tacoma, Wash. HISTORY: Chartered Feb. 5, 1910. Originally incorporated in California in 1864. Acquired control of London & San Francisco Bank, Ltd, including its branches in Portland, Ore. and Seattle and Tacoma, Wash, in February, 1915. Acquired San Francisco National Bank in July, 1910. Fidelity Trust Co, Tacoma, merged with Tacoma branch in January, 1919, and The Mission Bank, San Francisco. Calif., March, 1927. Departments: Commercial banking, including Savings and Trusts. Members of: Federal Reserve, A. B. A, California Bankers Assn. Oregon and Washington State Bankers’ Assn. Correspondents: Laidlaw & Co., Irving Trust Co, Bankers Trust Co., Bank of New York and Trust Co, Chase National, Chemical Bank & Trust Co., Central Hanover Bank & Trust Co., Guaranty Trust Co., National City, Brown Dros. & Co., and J. P. Morgan & Co., New York; First National and Continental Illinois Bank & Trust Co., Chicago; Philadelphia National, Philadelphia; First National Bank at Pittsburgh. Pittsburgh; National Shawmut. Boston. Midland Bank. Ltd. London. OFFICERS: Frank B. Anderson, Chairman; Charles K. McIntosh, Pres.; William R. Pentz, Vice Pres. and Cash.; Stuart F. Smith, Vice Pres. and Tr. Officer; James J. Hunter, Vice Pres.; Henry M. Plate, Vice Pres.; Francis W. Wolfe, J. William Solen, Elliott McAllister, Jr.,, Henry L. Madden, Asst. Cashiers; Fred A. Hurni, Asst. Cash. and Sec.; C. Nelson Hackett, Nathan D. Platt, Asst. Tr. Officers. Mission Branch: Sixteenth and Julian, San Francisco. Herbert A. Thayer, Mgr.; Byron G. Mobbs, Ralph S. Saylor, H. Raye Gleeson, Asst. Mgrs. Portland: Herbert V. Alward, Mgr.; James T. Burtchaell, Frederick Greenwood, Charles Leigh, Lewis E. Cable, Ralph Thom, Asst. Mgrs. Tacoma: George H. Raleigh, Megr.; Earl H. Robbins, Alexander L. Babbit, Charles 0. Hunt, George H. Fisher, Ernest J. Enright, William G. Gundstrom, Asst. Mgrs. seattle: Godfrey L. Wakeman, Mgr.; Leon F. Macklem, Joseph C. Glass, Robert 3. Snowdon, Leonard V. Hitchman, Ernest A. Anderson, Asst. Mgrs. DIRECTORS: Frank B. Anderson, Chairman; John DBarneson, Robert L. Bentley, Louis Bloch, Warren D. Clark, S. Waldo Coleman, Joseph D. Grant, Frank D. Madison, Charles K. McIntosh, Geo. P. McNear, Irving F. Moulton. Almer M. Newhall, J. Leroy Nickel, H. D. Pillsbury, George A. Pope. CAPITAL: Authorized and outstanding, $8,500,000. Par Value, $100. DIVIDENDS: 1911 to 1917, incl., 10 pct.; 1918 to 1919, incl. 11 pet. 1920 to 1925, inel., 12 pct.; 1926 to 1928, incl., 10 obct.: regular 21% pct. extra: 1929. 10 pct.. regu-.ar 313% pct. extra. Number of Stockholders: 1.330. MARKET RANGE: High eomees I.ow Caen 1929 1928 1927 1926 1925 1924 1923 1922 eeeeenaneeeee 435 450 299 265 260 210 210% 207% eens 290 2691, 245 247 210 2001 202 190 INCOME ACCOUNT, Years Ending Dee. 21 1929 28 eT ,218,362 ~,088,697 145 500 1 NR2.500 70,862 314.33 209.38 5.92:1 10 6°1 1927 $1,075,976 1.062.500 13,476 $12.66 $208.23 5.05:1 10.7:1 Net Profits ccoooooeemmmmmommmemmemees Dividends Paid orien eee Surplus earned for year... Earned per share of StOCK.mmcomccammceeee een Book Value of StOCK eeeeeomercammnmnmzrammenansmmenasnas Ratio, Deposits to Cap. & Surplus... Ratio. Deposits to Capital.ooon cerrmemmeneemremeeees COMPARATIVE CONSOLIDATED STATEMENT. As of Dee. 31 RESOURCES— 1929 1928 [Loans and DISCOUNTS eneameermereecemremraroemeneeeesd 76,306,195 $ 70,182,917 Bank Premises (incl. branches) .ccccoeoeemeenes 3,345,121 3,382,375 Other Real Estate ..oceeommmenemrmameesees 278,341 308,261 Due on Letters of Credit acecemarmenenees 9,720,590 8,445,108 Sundry Bonds and SLOCKS crommememensnmrnnsanmnes 1,708,039 4,590,322 U. S. Bonds for Circulation. coeeecmemaeeee 2,150,000 2,150,000 Other U. 8. Securities. ..oommmermiommnreens 3,023,467 1,932,028 Redemption Fund .oooeooommeiomrneonmmmmencesens 107,500 107,500 Cash and EXChange ..oeommmmsmeeeseess 22.903,092 28.678,127 Other ASSES ccooomrorsicmmmmsesnsaomnmmansononrnaneenes 16.70% 10.194 Foreign Exchange Contract. ceneeeanees - ee TOTAL en 3122.558.982 3110 786.832 1927 $ 68,672,096 2,729,516 184.755 9,001,215 1,174,368 2,150,000 3,614,304 107,500 29.630,929 9.355 6.410.211 £196.984.249 “TT” “*1D TRUST COMPANI. LIABILITIES Capital Stock .... Surplus ........ _. I'ndivided Profits . Reserve for Taxes, efc Jirculation _......._. Letters of Credit, etc. ... Bills Payable & Rediscount.... Other Liabilities .... Deposits o.oo... po emeem———— Foreign Exchange Contracts ....... 8,500,000 5,500,000 2,796,895 202,263 2,029,398 0,010,104 2,500,000 160,614 89,859,708 TOTAL oo... ee. 21992 558 8,500,000 6,600,000 2,726,034 267.462 2,081,998 8,491,453 3,250,000 108,277 361,608 8.300.000 6,500,000 2,699,837 301,563 2,107,598 9 169.756 Hn 4. 0." t CENTRAL NATIONAL BANK OF COMMER" CONTROL: Marine Bancorporation, Seattle, Wash. HISTORY: Incorporated in Washington, 1926 as Marine Central Bank. National zed June 4, 1930, and name changed. Departments: Commercial, Investment, Savings, Safe Deposit, Escrows anc [Foreign. Hembers of: Washington B. A. DFFICERS: Andrew Price, Pres.; A. W. Faragher, Vice-Pres.; C. L. Stewart ~ashier; Milton L. Cleveland, Asst. Cashier; W. H. McGuire, Asst. Cashier. DIRECTORS: Ira W. Bedle, George E. Hardenbergh, E. H. Hatch, A. R. Hilen Wm. O. McKay, R. H. Miller, Andrew Price, Bruce C. Shorts, E. E. Uden. CAPITAL: As of Dec. 31, 1929: Authorized and Outstanding, $200,000; Par Value $100. DIVIDENDS: 1927, none; 1928, 4 per cent; 1929, 51% per cent. COMPARATIVE STATEMENT SHEET, As of Dec. 31 ASSETS— l.oans and Discounts........._. Furniture and Fixtures... Securities ...........ooooociiiiiaeneen... re emeeeee—eeeeoaes [". S. Government Securities..............o...oooo Cash and Exchange....... eee aemee mo evem—ea econ eam men eons Jther Resources ._. TOTAL ASSETS 1929 476,115 47,998 £.046 900 .. 36 2.500 4, 9G) ROA 1928 CT L104,472 2 (29 EE LIABILITIS (“apital Stock .................. Surplus and Profits........ Res. for Taxes....... Deposits 200,000 "6 854 7,281 119 560 200,00 -e “3 zy h91 TOTAL LIABILITIES oo Book Value of StocK..oooooonn. anes Ratio, Deposits to Capital... Ratio. Deposits to Capital and Surolus..... INTEREST TABLES Devores—1 day to 1 year by days, 360 and 365-dav basis 6% to 10% by l%s. Price $7.00. Stouts—1 day to 1 vear bv davs. 360 and 365-day basis. 1 to 109% by ls Price $7.00. Quick—1 day to 1 year by days, 5, 6, 7 and 8% 360-day basis. Prices$2.50 Robinsonian Universal, $7.00. Delbridge Wonderful—90 days, $5.00; 180 days, $10.00: 360 days, $20.00 We stock all standard Interest Tables. THOMSON’S BUSINESS BOOK SERVICE Seattle. Wash 1 to 69% bv 1,s THOMSON'S MANUAL THE CANADIAN BANK OF COMMERCE HEAD OFFICE: Toronto. Canada. PACIFIC NORTHWEST BRANCHES: Seattle, Portland, Vancouver and Victoria, B. C., with more than 50 other branches in British Columbia. HISTORY: Incorporated under Dominion of Canada laws in 1858, as the Bank >f Canada, name changed to above in 1867. Branches are operated in more than 700 Canadian cities as well as in 10 foreign countries, including the U. S. SUBSIDIARIES: Dominion Realty Co., Ltd. Toronto; Alloway & Champion, Ltd, Winnipeg; Compania de Inversiones Urbanas S. A. Mexico City. Department: Bond. Foreign Exchange, Collection, Commercial and Savings Accounts. viembers of: A. B. A, Washington Bankers Assn. Canadian Bankers Assn. Dregon Bankers. OFFICERS: Sir John Aird, Pres.; S. H. Logan, Gen. Megr.; Asst. Gen. Mgrs.: N. L. McLeod, R. A. Rumsey, wT, M. Gibson, B. P. Alley, A. BE. Arscott; G. R. Cottrelle, “orp. Executive; T. B. Weatherbee, Foreign Dept. Supervisor; J. W. Ruggles. Seattle Mgr. DIRECTORS: Sir John Aird, G. W. Allan, K. C., H. S. Ambrose, A. R. Auld, J. P. Bickell, C. N. Candee, Chas. Colby, Ph. D.,, LL. D,, F. W. Cowan, H. C. Cox, G. C. Edwards, Sir Joseph Flavelle, Bart, LL. D., A. C. Flumerfelt, H. J. Fuller, W. K. George, W. W. Hutchison, F. P. Jones, A. Kingman, A. M. M. Kirkpatrick, Miller Lash, KX. C., S. H. Logan, Sir Alexander Mackenzie, K.B.E,, J. 8S. McLean, G. A. Morrow, W. E. Phin, I. Pitblado, K.C., LL.D., Hon. Donat Raymond, J. A. Richardson, LL.D., W. P. Riley, T. A. Russell, The Rt. Hon. Lord Shaughnessy, K.C., Hg. R. Silver, John Stuart, A. F. White, The Rt. Hon. Sir Thomas White, K.CM.G., E. R. Wood, LL.D, T. H. Wood, A. V. Young. CAPITAL: Authorized, $50,000,000; Outstanding, $29,798,010; Par Value: $100. DIVIDENDS: 1920 to 1929 incl., 12% and 1% extra. Payable: Quarterly Dec, Mar., June, Sept. Number of Stockholders: 10,479. stock Listed: Toronto, Montreal and London, Eng, Exchanges. MARKET RANGE: 1929 1928 1927 1926 1925 1924 1923 1922 FLIGN eooersemmermsmimmmemss sosmeasessasss 360 335 295 2283, 229% 205% 201 19114 [LOW eenmmmmmeeceasamsmmeresamenanmresess 240 277% 228 214 195 178 18215 180% INCOME ACCOUNT, Years Ending Nov. 30 29 1928 TC L,229 cer “82 Yano “= ag 1927 $3,726,910 725 000 3,001,910 2,400,000 200 N0Q tross Earnings ee emiamnmemmemeeebmeameenaaanena mxpenses. Taxes. BLO. nnn cssmimsn amma Net Profits .occcoceoememmmmeemenes Dividends Paid .coooermioommennnenonnn a Surplus earned fOr YVeAT. cocmmaammnennnen Earned per share of STOCK eimimimianrmenanan Shares outstanding .oocceommmmemmenensmenmee Book Value of Stock...... i eemeeeaans 4 J5 234 $201.23 Capital Surplus Undiv. Profit PO. $15,000,000 $15,000,000 $1,783,979 eee annmannns 20,000,000 20,000,000 eemeaam———an esas mm———— 29.798.010 29.798.010 1.663.786 COMPARATIVE STATEMENT, As of Nov. 30 RESOURCES— 1929 1928 Gold, Silver & Domin. Notes... . - weeween-d 76,888,154 68,904,790 UC. S. & other CUrTeNCiesS cmimeeremseemannnomnae 873,369 1,023,275 Notes & Cheques on other Banks.....cce... 24,540,020 34,299,662 Due from Other Banks.com 32,212,173 28,791,585 Gov. & Public Securities... = ociemeeeees 67,224,387 81,018,741 Bonds and StocKs............. © rewen serena nto 9,573,827 12,206,112 Call and Short LoOansS.....c.eeeoceoomeess 60,037,053 134,880,157 Deposit for Circulation. oeerennieeeenes 1,250,000 1,250,000 Loans and Discounts co eiieiiimmnnnmearaaneennes Tr oo h9R 341,551,754 Non Current JLoanS...eceemmmemnmmmmseenases 2,094,030 Letters of Credit... ieiiiinmmrareenenanen 19,357,580 Real Estate and Mortgages... -...coocoooeem 4,083,969 Bank Premises .o.occeeoooamiccesmesicssesesineieoanne 15,615,033 Shares of & Loans to Controlled Cos..... 1,326,274 Nther ASSEtS imme 279.656 e744 682.618 401,910 $15.01 200,000 $207.12 Deposits $393,878,511 “£377991.722 1927 $ 49,294,686 1,346,429 34,063,689 18,010,804 71,318,783 10,367,865 85,064,138 1,000,000 254,897,624 1,799,772 14,406,913 3,342,851 11,581,921 1.836,386 277.6323 *558. 709.494 E77 193,634 LA 385,159 308.928 R01 225 808 AANKS AND TRUST COMPANIES LIABILITIE: Notes in Circulation. Deposits ....coooviins ---Due to other Banks......... ._.._. —-Advances under Finance Act...................... Bills Payable _.__.. Letters of Credit Capital Paid Up. Reserve Fund ......._. B Dividends declared & unpcia... Profit and Loss Account... cerrrmemennnaneeeennenn 335,026,038 563,340,551 13,951,172 25,000,000 9,007,564 © 640,677 798,010 Se nf 3 36,273.086 561,990,811 49,732,787 18,000,000 8,469,834 19.357,581 Nt 823.40C 53,400 1 25,014,694 137,430,003 26,869 480 9,000,000 259,466 -. 406,913 ,000,000 TN 000 5,014 123.92. ). ud. TOTAT, .... ee. 3801.22 Bua EE 8 “n¢ FIRST SEATTLE DEXTER HORTON NATIONAL BANK, Seattle, Wash. HISTORY: Organized Nov. 1, 1929, as consolidation of First National Bank ot Seattle (chartered 1882), Seattle National Bank (chartered 1882) and Dexter Horton National Bank of Seattle (chartered 1870), operating under latter's National Charter, issued in 1910. SUBSIDIARIES: First Seattle Dexter Horton Securities Co., organized to deal in securities and act as holding company for allied banks. Each share of bank stock carries pro rata interest in securities company. Departments: Commercial, Savings, Trust, Foreign Exchange, Safe Deposit. Members of: Federal Reserve, A. B. A., Washington, Oregon, Idaho and Montana Bankers Associations. Correspondents: Chase National, Equitable Trust Co., Guaranty Trust Co., J. P. Morgan & Co. National City Bank, New York Trust Co., and Bank of America, New York; Continental Illinois Bank & Trust Co., First National Banl, Chicago; First National and National Shawmut Bank, Boston; Philadelphia National lank. Philadelphia; First National and Northwestern National, Minneapolis: First National, St. Paul; Anglo, London & Paris National, Bank of Italy, Crocker First National and Wells Fargo Bank and Union Trust Co., San Francisco. OFFICERS: W. H. Parsons, Chairman Board of Directors; M. A. Arnold, Pres.: J. W. Spangler, Chairman Executive Committee; J. A. Swalwell, Executive Vice Chairman Board of Directors. Vice Presidents: J. T. McVay, P. B. Truax, CC. .\. Philbrick, W. W. Scruby, C. H. Howell, R. 8. Stacy, J. H. Miner, L. M. Arnold. L.. R. McCash, A. R. Truax, J. G. Larson, C. H. Dodd, C. M. Latimer, R. V. Ankeeny, J. H Newberger, C. W. More, F. H. Brownell, Jr. Cashier, H. C. MacDonald. Asst. Vice Pres.: W. H. Berry, Wm. Kahlke, E. B. Kluckhohn. Asst. Cash.: J Thwing, J. H. McClure, H. Bingaman, Jr, E. K. Reiley, I3. W. Pettit, C. T. Glass, Wendal C. Phillips, B. C. Yancey, C. L. LaGrave, R. I. Jenkins, Allen B. Morgan, J. F. Lawson, W. H. Crowther, F. Ward Simpkins. Foreign Dept.: EF. Mack, Mgr.; S. S. Lindstrom, Asst. Mgr. Trust Dept.: C. L. LeSourd, Vice Pres. and Mgr; C. Kelleher, Vice Pres. and Tr. Officer; W. J. Brewer, Tr. Officer; S. J. Neterer, Tr. Officer:Victor Graves, Tr. Officer. Auditing Dept.: C. H. Gordon Aud.; Jas. E. Davies, Asst. Aud.; E. V. Argersinger, Asst. Aud. BRANCHES: Seaboard Branch—TFourth Ave. and Pike St.; C. H. Howell, Vice Pres. and Mgr.; L. R. McCash, Vice Pres.: Allen B. Morgan, Asst. Cash. Ballard Branch—5228 Ballard Ave.: C. W. Casler, Mgr.; L. C. Stanton, Asst. Mgr. AFFILIATED BANKS: Metropolitan National Bank—Fourth Ave. and Union St. J. T. McVay, Pres.: G. C. Morrill, Vice Pres.;: G. A. Garrett, Cash.; Reno Odlin Asst. Vice Pres.; A. R. Munger, Asst. Vice Pres. C. E. Howard, Asst. Cash. First Canal Bank, 5300 Ballard Ave. (Ballard), J. P. Wall, Pres.; E. C. Stone, Jr. Vice Pres.; R. A. Plummer, Cash. and Mgr. First Security Bank, 216 Broadway No. C. A. Philbrick, Pres.; O. D. Fisher, Vice Pres.; R. M. Lee, Cash.; 1. C. Hunton, Asst. Cash. First Greenwood National Bank, 85th St. at Greenwood Ave, M. A. Arnold, Pres H. A. Dent, Vice Pres.; L. A. Holt, Cashier; W. G. Potter, Asst. Cashier. First Rainier Valley Bank, 4824 Rainier Ave. T. S. Toby, Pres. C. M. Toby, Vice Pres.; Ruth Northern, Asst. Cash. Dexter Horton State Bank, Georgetown Station, W. H. Parsons, Pres.; Schmidt, Vice Pres. and Cash.; I3. N. Schnoor. Asst. Cash. DIRECTORS: M. A. Arnold H. F. Alexander E. G. Ames R.V. Ankeny [.. M. Arnold J. H. Ballinger A. M. Berry Thomas Bordeaux FF. H. Brownell 2. H. Brownell, Frank E. Burns W. C. Butler T SS ("linean MY D. E. Frederick F. G. Frink Frank Goodwir. Robt. P. Greer John T. Hefferna: P. E. Harris {.. C. Henry P.M. Henry ZT. E. Horton 7. H. Howell W. B. Ives Timothy Jerome I H. Kane GG. C. Morrill D. H. Moss J. H. Newberger W. H. Parsons C. A. Philbrick John H. Powell M. E. Reed W. L.. Rhodes Hamilton C. Rolf. H. W. Rowley W. W. Seruby Alfred Shemansis T.\W. Spangler THOMSON'S MANUAL »S “harles F. Clise C. Kelleher E. B. Deming Hugh G. M. Kelleher R. H. Denny C. M. Latimer J. F. Duthie A. W. Leonard i John W. Eddy Chas. H. Lilly A. S. Eldridge Patrick McCoy A. S. Elford J. T. McVay 0. D. Fisher H. C. MacDonald CAPITAL: Authorized and Outstanding, $8,000,000: Par Value: 320. Number of Stockholders: 1934. T. D. Stimson E. A. Stuart A. Swalwell Y. Talbot 2. Titcomkb >. Truax 2 Truax STATEMENT OF CONDITION, Dec. 31, 1929 RESOURCES LIABILITIES Cash and EXchange.c.e..$20,309,958 Capital Stock ecceeeeeraeinerneee.$ 8,000,000 U.S. BONAS.iaaeaemeecenioeannnnanas 14,856,765 Surplus & Undiv. Profits....... 2,026,641 Other Bonds & Securities... 9,971,671 Reserve for Int, Taxes, etc... 75,335 Loans & Discounts.......occoceeeeee 4,745,002 CHTCUIALION emoeeemeemeeeemeacemnesmenenen 3,720,740 Fed. Reserve Bank Stock... 288000 piscount Col'td not Warned... 190,031 Bank Bldg. Fur, FiX. ......... £7,762 Lett £ Credit & Acct 1.474.610 Interest Earned Not Rec'd...... .33,391 etters ol Credl cetp....... Laie, Letters of Credit & Accep...... 1.474,610 DePOSItS coreees ocreereemnencneecnees 18,328,402 TOTAL, .....393.815,759 TOTAL ee. ___$£93.815.759 FIRST SECURITY BANK, Seattle, Wash. CONTROL: First Seattle Dexter Horton Securities Co. owns all but qualifying shares. HISTORY: Organized in 1928 as an affiliate of the First National Bank, Seattle. Control change to present affiliation in 1929, when First National Bank consolijated with Seattle National and Dexter Horton National. Departments: Commercial, Savings, Safe Deposit. embers of: Federal Reserve, Washington Bankers’ Assn. Correspondents: First Seattle Dexter Horton National Bank and Metropolitan National Bank, Seattle. OFFICERS: C. A. Philbrick, Pres.; O. D. Fisher, Vice Pres.; R. M. Lee. Cash.: L. C. Hunton, Asst. Cash. CAPITAL: Authorized and outstanding, $150.000. Par Value, $100. DIVIDEND: 6.6% paid in 1929. STATEMENT OF CONDITION, Dee. 31, 1929 RESOURCES LIABILITIES Cash and Exchange... Capital Stock .oceeecooozceseeeen$ 150,000 Bonds and Securities ............ Surplus & TUndiv. Profits... 17,537 Loans and Discounts......... Reserve fOr TaX.meeemconenas 416 Bank Bldg. & TFixtures..... Unearned Interest oceans 4,69( interest DUE oeaeccimeanaeccemans DEePOSItS oecrieeeernreanee 1 689.171 COTATs _$1.8R1814 TOTATs oon + rrr $181,814 METROPOLITAN NATIONAL BANK, Seattle. Wash. CONTROL: By First Seattle Dexter Horton Securities Co. HISTORY: Chartered under National Bank Act Sept. 15, 1920. Originally incorporated in 1909 as Metropolitan Bank. i Departments: Loan and Discounts. Checking. Foreign. Collection, Bonds. Trust and Safe Deposit. Members of: Federal Reserve, A. B. A., Wash. State Bankers. Correspondents: Bank of Manhattan, New York; National City Bank, New York; Continental Illinois Bank and Trust, Chicago; Central Trust of Illinois, Chicago; Wells Fargo, San Francisco; First National, Minneapolis; First National, Kansas City; Bank of Toronto, Vancouver, B. C.; Midland Bank, London. OFFICERS: J. T. McVay, Pres; G. C. Morrill, Vice-Pres.; A. R. Munger, Asst Vice-Pres.; G. A. Garrett, Cashier; C. BE. Howard, Asst. Cashier. DIRECTORS: E. A. Stuart, T. D. Stimson, W. L. Rhodes, E. G. Ames, PP M Henry, A. S. Eldridge, J. T. McVay, F. C. Talbot. G. C. Morrill, J. F. Douglas. E. H. Stewart. CAPITAL: As of Dec. 31. 1929: Authorized and Outstanding. $500.000: Par Value, $20. DIVIDENDS: Since 1909, inc. extras: 1910, 4%; 1911, 8%; 1912-1915, incl, 12%; 1916, 9%; 1917, 22%; 1918, 129; 1919 and 1920, 17%; 1921 and 1922, 129%; 1923 and 1924, 16%; 1925 and 1926, 129%; 1927, 129% regular and 39% extra; 1928, 156% regular and 289% extra: 1928. 18.625% regular and 409% lianidating assets of old organization RANKS AND TRUST COMPANIES GROWTH— L915 eens [O20 .ovonene 3 © sussmessssmammpens ‘929 Undiv Profit. $ 5,445 23,522 51,079 COMP ' RATIVE STATEMENT, As of Dee. 31 ASSETS-,oans and Discounts....... ee eeemeee ee eeeemeen ean Dverdrafts o.oo. «avn U. 8S. Govt. Securi(’'~ eeeemeememeeeeeemnenennas Dther Securities ........ .._.. eeeeeseeeeeescemsseceeseeseesessesnmeannen ed. Reserve Bank Stock....... rue EEE FUER EERE Letters of Credit, Etc... _...... Furniture and Fixtures......... Yash and Exchange. 1929 5,693,903 2,776 1491,731 716,107 22,500 17,652 qr ( wv Deposit. $2,274,147. 1,.5%,19:! 630.20: 19L4 5,196,291 4,048 £23,731 1,587 a0 TOTAL ASSE™ LIABILITI Capital Stock ... Surplus ........ ndivided Profits ar Acceptances Executea .......... Acceptances Rediscounted ....... setters of Credit...oceeeennennnennennnne.. Dividends Unpaid ....... Neposits PROT VR iii iinaiiumsievuinsed issue 500.000 260,000 81,455 50,692 wa “65 20.204 0.00 Cag 4 THE ae TOTAL LIABILITIES ........... Boolk Value of Stock per Share....... Ratio, Deposits to Capital..........ccceeirnnennnen. Ratio, Deposits to Capital and Surplus... NATIONAL BANK OF COMMERCE OF SEATTLE, WASH CONTROL: By Marine Bancorporation. HISTORY: Organized under Washington lL.aws in 1889 as Dank of Commerce, “hartered under National Bank Act April 1890. Absorbed Washington National Bank in June, 1906. Consolidated with Marine National Bank and National City Bank of Seattle Feb. 23, 1929. Departments: Commercial, Bond, Savings, Safe Deposits, Trusts, Escrows and Foreign. Hembers of: Federal Reserve, Washington Dankers Assn. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tuesday in Jan. DFFICERS: Manson F. Backus, Pres.; C. O. Ousdahl, Asst. Cash.; Oakley Max-J. W. Maxwell, Chairman Exec. Com.; well, Asst. Cash.; R. W. Smith, Asst Andrew Price, Vice Pres.; Ira W. Bedle, Cash.; C. L. Phillips, Asst. Cash.; H. A. Vice Pres.; Wylie Hemphill, Vice Pres.; Hendricks, Asst. Cash.; Durle D. Dram-A. R. Morton, Vice Pres.; C. E. McDow- hall, Mgr. Bond Dept. «11, Vice Pres.; Druce C. Shorts, Vice DIRECTORS: Fred A. Anderson, Man-Pres.» Herbert Witherspoon, Vice son F. Backus, Thomas Balmer, Ira W, Pres.; R. W. Sprague, Vice Pres. and Bedle, I.eo S. Illack, Homer I.. oyd, Tr. Officer; W. Erich Lucas, Vice Pres.; *. D. Buchner, Albert Daub, George LE. John IL. Platt, Cash.; E. L. Trotter, Hardenbergh, E. H. Hatch, J. R. Heck-Asst. Viee Pres.; E. J. Satterberg, Asst. nan, Wylie Hemphill, C. J. lL.ord, J. W Vice Pres.; John A. Vanderpoel, Asst. Maxwell, Evan 8S. McCord, Charles S Vice Pres.; T. F. McCreary, Asst. Vice Miiler, Ralph H. Miller. Blake I>. Mills Pres.; LaFayette Kellogg, Asst. Cash.; I. Morris. ["APITAL: Authorized and outstanding, $2.500 000 Par Value. $25 (changed from $100 Feb. 1929). DIVIDENDS: 1929, 20%. STATEMENT OF CONDITION, Dec. 31, 1929 RESOURCES LIABILITIES Cash and Due from Danks... § (. 8. Bonds & Treas. Cert... Other Bonds & Warrants... l.Loans and Discounts.......... Fed Reserve Stock......... Banking House & Equ Redemp. Fund, U. 8, ico... Customers’ 1./C & Accept... . Int. Farned— Not Collected (Capital Stock ... surpl & TUundiv Reserves .. ['nearned In Tirculation . sonds DBorro- ... Accept. & Guar. L/C. Deposits... TOTAL ieee. $35,593,180 TOTAL conn 3 2,180 look val. stock $41.50. Ratio. dep. to cap. 11 to 1. Ratio. dep to cap & sur s.2°1 THOMSON'S MANUAL NORTH COAST BANK & TRUST (CO., Seattle, Wah. CONTROL: By Calitalo Investment Corp., San Francisco, Calif. HISTORY: Incorporated under laws of Washington, May, 1925, as the Brotherhood Bank and Trust Co. Present name adopted in 1929. In May, 1930, authorized capital increased from $250,000 to $500,000. Par Value of stock changed from $100 to $20. All outstanding stock split 5 for 1. Departments: Commercial Banking, Savings, Trust, Safe Deposit. Members of: . A. B. A, Washington State Bankers. Correspondents: Empire Trust Co., New York; Continental Illinois Bank and Trust Co. Chicago; City National Bank. San Francisco; Columbia National Bank, Portland, Ore. OFFICERS: Colonel Wm. T. Perkins, Pres.; Wm. M. Short, First Vice Pres.; R. E. Glover, Vice Pres. and Cash.; G. B. Grieve, Asst. Cash. DIRECTORS: C. P. Gorman, J. J. Grant, Ivan Hyland, W. J. McCallum, Colonel Wm. T. Perkins, Felix Rosaia, W. M. Short, W. F. Webb. CAPITAL: As of Jan. 30. 1930. Authorized, $500.000. Outstanding, $312.500. Par Value, $20. DIVIDENDS: None to Dec. 31, 1929. STATEMENT OF CONDITION, Dec. 31, 1929 RESOURCES LIABILITIES Loans and Discounts... dinibn Capital Stock ..ccoevievrmeveemeeeenne-$ 250,000 U. S. Bonds. ..ceveceaeeceee - 3 : : Cush & Due From Banks Surplus & TUndiv. Profits........ San Accrued Interest Due.. Deposits ....... ~ 764 Furniture & Fixtures........ Nther Resources MOT AL coe. 831.054 548 PACIFIC COMMERCIAL BANK, Seattle, Wash. HISTORY: Organized under Washington State Banking Laws in 1907 as the Japanese Commercial Bank. On March 1, 1928, consolidation was made with the Oriental American Bank and present name adopted. Said to be only bank in J. S. locally owned by Japanese. Departments: Commercial, Savings, Investment. Members of: A. B. A, Washington State Bankers. Correspondents: First Seattle Dexter Horton National Bank, Seattle; National City Bank, New York; Mitsui Bank, Yokohama, Japan. OFFICERS: M. Furuya, Pres.; W. L. Gazzam, Vice-Pres.; 8S. Kawai, Vice-Pres.; C. E. Jenks, Vice-Pres. and Mgr.; H. H. Hazegawa, Cashier. DIRECTORS: M. Furuya, W. L. Gazzam, W. M. Williams, F. E. Sansom, Y. Ohta— all of Seattle, Wash. CAPITAL: As of Dec. 31, 1929: Authorized and Outstanding, 1500 Shares; Par Value: $100. . : DIVIDENDS: $8.00 per annum paid quarterly since April 1. 1928. Extra $10 per share paid in 1929. STATEMENT OF CONDITION, As of March 27, 1930 RESOURCES LIABILITIES lions, Discounts .ceeeececeee $b CAPItA] coeeeeeeeeneeeeeeerrcraceeceneeen $150,000 . 8S. and Other Bonds.......c........ "ndi 4,89 Real Estate and Fixtures........ SAID, & UnAIE. Prob. ome es Customers Liability Und. L/C Total Deposit econ 2,541, Cash and Exchange I. letters of Credit... 78.854 9 R2AE (95 "72,502 9,657 mn 96 1.5 346.362 29 35.095 THE PACIFIC NATIONAL BANK OF SEATTLE. Seattle, Wash. HISTORY: Commenced business Sept. 17, 1928. SUBSIDIARIES: Pacific National Company; Capital, $600,000; Surplus, $50,000 Departments: Trust Department, Foreign Exchange Department. Members of: Federal Reserve Bank, American Bankers Assn, Washington State Bankers Assn. Seattle Clearing House Assn. Correspondents: National City Bank, Equitable Trust Co., Pacific Trust Co, J. P. Morgan & Co., New York; First National Bank, Chicago; First National Bank, St. Paul; First National Bank, St. Louis; Union Trust Co., Cleveland. OFFICERS: William Calvert, Chairman: George H. Greenwood, Pres.; Robert S. Walker, 1st Vice-Pres.; Walter A. Heath, Vice-Pres. and Cashier; Eugene W. Brownell, Vice-Pres.; Dietrich Schmitz, Vice-Pres.; Fowler W. Martin, Vice-Pres.; Alfred V. Godsave Viece-Pres, and Tr Officer: William F. Muehe. Asst, Cashier } ANT” AND TRUST COMPANIES DIRECTORS: William Calvert, Chairman; Samuel L. Barnes, Joseph C. Dtlack, J. H. Bloedel, William E. Boeing. David W. Bowen, Haller C. Campbell, T. \. Davies, J. H. Fox, Raymond R. Frazier, G. H. Greenwood, W. H. McGrath, E. M Mills, H. F. Ostrander, Volney Richmond, Dietrich Schmitz, Frank M. Sullivan, Victor Staadecker, Moritz Thomsen, Elmer E. Todd, Robert S. Walker, David Whitcomb. CAPITAL: As of Dec. 31, 1929: Authorized and Outstanding, $2,500,000: Pai "alue, $100. DIVIDENDS: Quarterly at rate of 8 per cent per annum since July © 1929, Number of Stockholders: 560. MARKET RANGE: 1929, High, 325; Low, 265. 1928, High, 250; Low, 1bu GROW" Cay ital Surplus TUndiv. Profit 192 32,500,000 $500,000 $122,140.14 1929 2 500.000 500.000 340,197.42 *NCOME ACCOUNT, Dec. 31, 1929 Gross Earnings .. neneeee. $792,965 Earned per Share of Stock...........} 12.47 Expenses, Taxes, kc. .. 481,209 cv Ss c 33.65 Net Profits ... .. 311,747 Book Yatae of BOC cerummecesmicones 1338 Dividends Pai oon. 150.000 Ratio, Deposits to Capital.............. 2.2: Surplus Earned for Vear .. 161.747 Ratio, Deposits to Cap. & Surp... 41.4.7 STATEMENT © CONDITION, Year Ending Dec. 31, 1929 RESOURCr: LLIADILITIES i.oans and Discounts. Dverdrafts _.. [U. S. Bonds and Other Bonds ar Stock in Fed. Tustomers’ L/C, Etc. Fixtures ........... Redemption Fu. Tash and Due 1rol. vanks.... 0,334,009 572 554,818 757,607 90,000 11,980 91,859 25,000 048,129 Capital Stock icici $ Surplus .. Undivided Reserves . Circulation ..._. [Letters of Credit, Etc...... Deposits ... 2,500,000 500,000 182,386 57.811 £63,400 11,900 09QR 2FR 217 012 RK” PEOPLES BANK AND TRUST (COMPANY, Seattle. 7 CONTROL: Peoples Corporation, Seattle, Wash. HISTORY: Incorporated under Washington laws in 1889 as Peoples Savings Lani Name changed in 1927, SUBSIDIARIES: Peoples Security Company (Capital $100,000). Departments: Commercial, Savings, Trust, Bond, Safe Deposit and Foreign. Members of: Federal Reserve, A. B. A, & Wash. B. A. Correspondents: Chase National Bank and National City Bank. New York; Continental Illinois Bank and Trust Co. Chicago; Anglo & London Paris National Rank, San Francisco; Merchants National Bank, St. Paul; Royal Bank of Canada. OFFICERS: Joshua Green, Chairman; Albert Brygger, Pres.; Caspar W. Clarke. First Vice-Pres.; Hugh S. Gruwell, Vice-Pres.; Alex 8S. Goodfellow, Vice-Pres,; C. L. Yost, Cash.; Fred P. Loomis, Asst. Vice-Pres.; John Rain, Asst. Cash.; James Young, Tr. Officer; Ross A. Cook, Auditor; Oliver H. Haskell, Asst. Cash. DIRECTORS: Joshua Green, Laurence J. Colman, Albert Drygger, Jesse C. Nowles, John E. Burkheimer, George R. Cary, Caspar W. Clarke, Kenneth B. Colman, C. L. Dixon, Nathan Eckstein, Ben B. Ehrlichman, Edw. 1. Garrett, Hugh C. Gruwell, F. L. Cooper, A. F. Haines, Charles E. Hickman. Philip D. Machride. W. B. McCord, Vincent D. Miller, F. K. Struve, Walter H. Tuesley. CAPITAL: Authorized and Outstanding, $600,000; Par Value: $100. DIVIDENDS: 1917-1926, nene: 1927. 100 pct. stock: 1928, 20 pet.; 1929. 20 pct regular and 1 pct. extra HAR, High .. low 1928 500 aR7 ar 350 am For Current Information on OREGON SECURITIES Read— CHAPMAN'S WEEKLY 2. C. Chapman, Publisher - F. H. Young. Editm 203 Guaranty Blde.. Portland. Ore THOMSON'S M/ PEOPLES FIRST AVENUE BANK, Seattle, Wash. CONTROL: Peoples Corporation, Seattle, Wash. Owns $159,000 of the outstanding stock. HISTORY: Incorporated in Washington, Sept. 1929. Departments: Commercial, Foreign Exchange, Savings, Safe Deposit and Trust. Members of: A. B. A. and Wash. B. A. OFFICERS: Laurence J. Colman, Chairman; Albert Brygger, Pres.; Hugh C. Gruwell, Ex. Vice-Pres.; Walter H. Tuesley, Vice-Pres.; E. L. Blaine, Jr., Cashier; H. N. Myers, Asst. Cashier. DIRECTORS: Joshua Green, Laurence J. Colman, Albert Brygger, Jesse C. Bowles, John E. Burkheimer, George R. Cary, Caspar W. Clarke, Kenneth B. Colman, Nathan Eckstein, Ben B. Ehrlichman, Edw. I. Garrett, Hugh C. Gruwell, A. F. Haines, Charles E. Hickman, Philip D. Macbride, W. B. McCord, Vincent D. Miller, F. K. Struve, Walter Tuesley. CAPITAL: Authorized and Outstanding: $300.000: Par Value: $100. COMPARATIVE STATEMENT, As of Dee. 31 1929 1928 5,908,427 5,399,759 3,102,943 2,886,760 24,000 18,000 123,117 136,997 ,412,100 905,363 +,865,629 2.442,546 1,100 R.367 2,425 213.439.7411 RESOURCES— [Loans and Discounts... eaemanee Bonds and Warrants. .o.c.occoorniammamcneenne Federal Reserve Bank Stock... Banking House and Furniture ........_...... U. S. Govt. Bonds....c........... eens Cash and Exchange................. ee ane Letters of Credit... Jther Resources o......... 1927 3.892,279 2,429,151 18,000 140,543 ,115,726 1.724,404 TOPAL ....... LIABILITIES Capital StoCK cies ceria Undivided Profiles ......cirmmmsmmsmmeomommmmns RESEIVES eee eceeecaeaccccmecaccce cnc meme ana nan nes Letters of Credit.oooiiiiiiiil ervreeeeeneees Deposits m1 7Q7 79 2 0.220.102 600,000 "00,000 22,740 0c “( “000 100 89 TE at 500,000 100,000 94,096 13,820 8.612 187 * 9.320,103 $139 17.2:1 12.4:1 Book Value of Stock. Ratio, Dep. to Cap.cuieiieiiiaiaaeenn Ratio Dep. to Cap. and Suro... 13.41 Capital Surplus Undiv. Profit Deposits $100,000 $ 20,000 $189,858 $4,740,629 600,000 200,000 132.740 12,494,000 STATEMENT OF CONDITION, March 27, 1930 RESOURCES LIABILITIES Loans and Discounts..................$1,593,182 Capital Stock ... Bonds and Warrants.......ccc.... 71,172 Surplus U. S. Bonds and Treas. Cert.... 01,506 bp Tren Safe Deposit Vaults, Furn. 655 Undivided Profits _.._..... And FIX. coos ’ Customer's Liability, a/c Let- Reserves ........ . ommm ters Of Cre@ito mm eeeeeeceeeanees 2000 Letters of Credit Outstanding Other ReSOUrCeS ..iieeiocrmecmeeacees .290 NeDOSItS owen. Mash and Due from Banks... ~1 £RR 300,000 50,000 27,576 4,900 2,000 2 489.018 TOTAL coioeeeeimeeeeeeceeeeeee- $2,873,494 TOTAL: ooeeeeeeeeeeeeeeeeeeenneeeen $2,873,494 Book Value of Stock. $122.92: Ratio. Dep. to Cap.. 7.58:1: Ratio. Dep. to Cap. & Suro. 6.17°1 SEATTLE TRUST COMPANY, Seattle, Wash. HISTORY: Bank charter granted 1905 to Seattle Title Trust Co. Present company formed by a merger between Seattle Title Trust (fo. and Baillargeon. Winslow & Co., in Jan., 1930. SUBSIDIARIES: The Seattle Company — wholly owned investment affiliate. Capital, $500,000. Officers: Worrall Wilson, Chairman; K. Winslow, Jr, Pres. Cebert Baillargeon, Vice-Pres. and Treas.; A. G. Pringle. Vice-Pres.;: F. P. Griffin. Asst. Vice-Pres.; C. H Hammer, Cashier. Departments: Trust, Mortgage Loan, Mortgage Sales, Insurance. Members of: A. B. A.,, I. B. A. of A., Wash. State Bankers, Etc. Correspondents: First Seattle Dexter Horton National Bank, Seattle; Pacific National Bank. Seattle: Equitable Trust Co. New York: Bank of California. San Kranciseco “KS AND TRUST COMPAN OFFICERS: Worrall Wilson, Chairman; Cebert Baillargeon, Pres.; Henry H. Judson, Vice-Pres. and Tr. Officer; K. Winslow, Jr, Vice-Pres. and Treas.; E. C. Oggel, Vice-Pres.; Charlton L. Hall, Secretary; Roy F. Taylor, Mgr. Mortgage Loan Dept.; Harold V. Smith, Asst. Tr. Officer; Carl F. Ruddiman, Mgr. Mortgage Sales Div. 1. C. Bogardus, Asst. Treas.; R. Perry Steen, Auditor. DIRECTORS: Cebert Daillargeon, L. 8S. Booth, A. S. Downey, George Donworth, Charlton l.. Hall, P. E. Harris, Henry H. Judson, E. C. Oggel, Reginald H. Parsons, E. L. Skeel, M. Lyle Spencer, James W. Wheeler, Worrall Wilson, K. Winslow, Jr. CAPITAL: As of Jan. 2, 1930: Authorized and Outstanding, $1,200,000. Par Value: $100. DIVIDENDS: Seattle Title Trust Co. Paid regular dividend of 89% in "22, '23, '24, 25 with 2% extra in '25. Paid 9% extra in '26. In '27, "28, '29 paid 10% with 205, extra in '28 and '29. Payable: Jan. Apr. July and Oct. 1st. Number of Stockholders: 225. STATEMENT OF CONDITION, Jan. 2, 1930 RESOURCES LIABILITIES "ash on Hand and in Banks... Capital Stock ....... Bonds and Mortgages......... Surplus and Undiv. Time and Demand Loans... Incomplete l.oans .. Accounts Receivable _....... dividend Payable Jan. Accrued Interest Receivable Accounts Pa ‘able Furniture, [Fixtures and Safe accounts 3 2 merees Deposit Vault ........__ Reserves $1,200,000 Vee PREY sean 284,493 1,180 30,000 "8.896 9.721 1.914.590 4 Ir \ UNIVERSITY NATIONAL BANK, Seattle, Wash. Address: 45th Ave. and University Way. HISTORY: Chartered under National Dank Act in 1906. subsidiaries: University National Co., a securities company with paid up capital of $200,000. Departments: Commercial, Savings, Safe Deposit, Bond, Collections and Trust Members of: Federal Reserve, A.B. A, Washington Bankers’ Association. Correspondents: Chase National, New York; National Bank of the Republic, Chicago; First Seattle Dexter Horton National, Seattle. DFFICERS: H.B. Lear. Pres.; A. W. Hogue, Vice Pres.; A. W. Tenney, Ass't Vice Pres.: KR. P. Williams, Ass't Vice President; E. A. Cook, Cashier; H. E. Duelson, Ass't Cashier; G. E. McCall, Ass't Cashier; W. D. Harrison, Asst Cashier and Bond Officer. DIRECTORS: E. I. Howard, F. T. Jamison, W. E. Cox. A. W. Tenne 3 Lear, C. W. Davis, W. C. Boyles, A. W. Hogue, Wm. Harper. CAPITAL: Authorized and Outstanding, $400,000; Par Value, $:0 (changed .rom 5100 Dec. 31, 1929). DIVIDENDS: 89% regular and 8% extra on $100 par shares. [Initial quarter]: dividend of $1.00 share paid on new $20.00 par stock Jan. 2, 193¢ Number of Stockholders: 85. HARKET RANGE: High [.O0W “8 1927 125 325 00 300 300 TY &ATEMWMENT., Ax of Dec. 31 1929 477.951 227.848 7,200 oc aq (COME RERKOURCES— Cash and in Danks... Fovernment, etc.,, Bonds.............._ Federal Reserve StocK oie. DY A TT ANI Seimei eiee eee iano mmcamecam acme em smamemeeeseemeeanecenamn nner l/oans ANA DHBSCOMIIIE ww orimmmamsmisimmmmmemiams ry spapsssmesismisois sos Jverdrafts.......... rene s aS —SEAR Samm met SER SRS mem men em nn EHR letters of Credit... ee memmaeaeans Bank Ruilding and Furriiare 1928 3 686,490 1,023.014 7.200 17,000 -62,817 “13 ~ nn TOTAL ........ JADILITIES-Capital Stock ....... surplus and Profits ...._..._ Circulation .......... L.etters of Credit .... .......... Neposits eee een tesemcecasceseccascesesnsmctnenmme DT AN 00 000 2¢,070 27.700 200,000 109,783 200,000 7,104 » 726.873 {1 "1 ¢ 300k Value of Stock per share. eens. Ratio, Deposits to Capital o.oo eeeeeeaeme ae: Ratio. Deposits to Cap. & Surplus........ ° THOMSON'S MANUAL WASHINGTON NATIONAL BANK OF COMMERCE, Seattle, Wash. ADDRESS: 45th Ave. and University Way. CONTROL: Marine Bancorporation holds 91.2% of the stock. HISTORY: Incorporated under Washington Laws in 1913 as King County State Bank. Name later changed to Marine State Bank. Charter granted under National Bank Act June 4, 1930, and name changed to above. Departments: General Banking. Members of: A. B. A,, Washington B. A. Correspondents: Marine National Bank at Seattle, Irving Trust Co., New York. OFFICERS: Blake D. Mills, Pres.: W. J. Colkett, Jr.. Vice Pres.; Elmer N. Doll. Asst. Cash. DIRECTORS: H. P. Chapman, F. O. Granston, Dr. E. E. Hemingway, Wylie Hemphill, A. R. Hilen, Charles C. May, Blake D. Mills, W. Walter Williams. CAPITAL: Authorized and outstanding, $100,000. Par Value, $100. DIVIDEND: 89% paid in 1929. COMPARATIVE STATEMENT, As of Dec. 31 1928 580,887 10,001 212,508 30,750 146,380 6,000 2,237 , 988.7613 RESOURCES— Loans and Discounts......c..oooovieceneaece¥ Furniture and Fixtures. .......ooooiooeeeen. SeCUTrities ii © eerie U. S. Gov't Securities. ......ccoooiomieceeaanann Cash and EXchange ....ooooomiieceeaeeeannn. Letters of Credit. ete. ois eemennan Dther Assets oer eee 1,634 eee %1.046.360 1927 531,621 10,000 252,680 80,750 159 672 1 OH224 7929 TOTAL ..........._ LIABILITIES— Capital Stock eee eee ¥ Surplus and Profits ee. Res. fOr Taxes ocr nenn Bonds Borrowed .....oooieeeeeeeeeaaenens ACCODIANCES crus es Deposits ooo 100,000 28,326 3.800 00.000 - 212 700 Joe ae EE 100,000 23,042 2.906 908.775 .034,723 $123 9.1:1 7.4:1 Book Value of StocK...oooooveomoeeeneeens Ratio, Deposits to Capital....ceeeraennnn... Ratio. Deposits to Cap. & Survlus THE AMERICAN BANK, Spokane, Wash. HISTORY: Established 1908. ' Departments: Commercial, Savings. Correspondents: Nat. City Bank, N. Y.; Union Trust Co., Chicago; Crocker First Nat. Bank, San Francisco; First Seattle Dexter Horton Nat. Bank, Seattle. OFFICERS: Clyde Johnson, Pres.; C. R. Dahn, Vice-Pres.; J. Douglas Leigh, Vice-Pres.; E. B. McBride. Vice-Pres.: Arnold Gleason. Cash.; James Randall Asst. Cash. DIRECTORS: J. Johnson, Dr. T. M. Ahlquist, C. P. Lund, O. O. Young, M. O Hatch, B. J. Hebert, John F. Davies, Frank Swanson, W. H. Farnham, R. K. Solliqd, N. Norman, C. Oscar Peterson, Knute Engdahl, E. B. McBride. J. T- Cooper, Clvde Johnson, C. R. Dahn, C. D. Martin, Arnold Gleason. CAPITAL: Authorized and Outstanding, $400.000: Par value: $100 DIVIDENDS: 12% per annum. : STATEMENT OF CONDITION. Dee. 31, 1929 RESOURCES I.TABILITIES Loans and Discounts................$2,912,089 eene.$4.385,826 Furniture and Fixtures... ... 33,882 400,000 Bonds and Securities ................. 802,295 124.658 Cash & Due from Banks. 1R2 218 . Total coeceeeemeeevceeeennnee- $4,910,484 Total eeeeeeeeercreceeeermeecncnemenne- 54,9 10.484 Bool val stock £121. Ratio dep. to cap. 11:1. Ratio dep. to cap. & sur. R.4-1 3JANKS AND TRUST COMPANIES FIRST NATIONAL TRUST & SAVINGS BANK, Spokane, Wash. CONTROL: By the Old National Corporation, Spokane, Wash. HISTORY: Established May, 1929. Merged with Fidelty National Dank. Spokane, Wash. (founded in 1882), and Union Trust Co. of Spokane, July 1, 1929 Departments: Commercial, Trust, Savings, Safe Deposit. Members of: Federal Reserve, A. B. A.,, Washington Bankers Assn. Idaho Dankars Assn. and Montana Bankers Assn. Correspondents: Equitable Trust Co. N. Y.; Foreman State National, Chicago; First National, St. Paul; Union Trust Co., Cleveland. OFFICERS: A. W. Lindsay, Chairman; W. J. Kommers, Pres; Joseph Daily, Executive Vice-Pres.: J. G. Rotchford, Vice-Pres.; F. J. Robinson, Cash.; E. IK Barnes. Asst. Cash.; Fred D. Graff, Asst. Cash. DIRECTORS: James L. Paine, P. P. Brittan, Edmund P. Twohy, E. W. Anderson, J. P. McGoldrick, W. S. Gilbert, F. D. Garrett, Charles A. Gonser, M. M. Higley, A. W. Witherspoon, O. Z. Brewer, Scott Jensen, Joseph Baily, W. J. Kommenrs. A. W. Lindsay. CAPITAL: Authorized and Outstanding, $500,000; Par Value: $190. DIVIDENDS: Initial dividend of 114% paid Dec. 31, 1929. Expect to pay 11% % quarterly, Number of Stockholders: 12. STATEMENT OF CONDITION, Dee. 31, 1929 RESOURCES Cash & Due from Banks..........§1,239.219 U. 8S. Bonds ........... —.. 623.194 Due from U. 8. T 25,000 Bonds. Warrants 4,491 Marble Bank Bui! 5,041 Furniture & IMixu .. 86 Loans and Discounts ~a Iverdrafts rreneaee- $4,026,229 500,000 ",830 00.000 67.873 Tot: 1 we ..85 Total THE OLD NATIONAL BANK & UNION TRUST (O., Spokane, Wash. CONTROL: Old National Corporation. HISTORY: Chartered under the National Bank Act in 1891 as the Old National Bank; present title adopted in April, 192, when the Union Trust Co. was merged. Departments: Commercial Danking, Trust and Investment Service; Safe Deposit and Mortgage l.oans. Members of: Federal Reserve System, A. B. A. and Wash. Bankers Assn. Correspondents: Chase National Bank, New York; Continental Illinois Bank & Trust Co.. Chicago; Bank of California, San Francisco; U. 8S. National Bank, Portland. Ore.; First Seattle Dexter Horton National Dank. Seattle. OFFICERS: Daniel W. Twohy, Chairman; William D. Vincent, Pres.; William J. Kommers, Vice-Pres. & Tr, Officer; W. J. C. Wakefield, Thomas J. Humbird, Adv. Vice-Presidents; William J. Smithson, Orrin K. Moody, Joseph W. Bradley, Lyman CC. Reed, Ex. Vice-Presidents; Burtis l.. Jenkins, Cashier; Edward P. Randall. Edwin B. Hutcheck, W. Earl Tollenaar, Arnold F. Brunkow, Elan R. Sweney. Asst. Cashiers; William J. Kommers, Tr. Officer; Arnold F. Brunkow, Associate Tr. Officer; Lyman C. Reed, Associate Tr. Officer; Elan R. Sweney. Associate Tr. Officer; Charles F. Hamlin, Asst. Tr. Officer. DIRECTORS: Thomas J. Humbird, Louis M Davenport, Frank Austin Corbin, 2d, Edmund P. Twohy, Thomas F. Wren, W. J. James P. McGoldrick, James L. Paine, Charles A. Gonser, William William D. Vincent, Daniel W. Twohy. CAPITAL, As of Dec. 31. 1929: Authorized and Outstanding. Value, $100. DIVIDENDS: 1904 to 1924 incl, 10 per cent; 1925, none: 1926 to 1928 incl, 2 per tent; 1929, 7 per cent. Payable: Quarterly Mar, June, Sept. Dec. 31 Vumber of Stockholders: Jan. 14. 1930. 22. THOMSON'S MANUAL STATEMENT OF CONDITION, Years Ending Dec. 31 RESOURCES— 1929 1929 “ash and Due from Banks... 6,432,168 5,136,705 United States Bonds....ooooceiiennnes 2,840,739 2,004,008 Due from United States Treas..... 75,000 3,000 Bonds, Warrants and Securities.. 2,108,025 T "31 Other Real Estate... 16,816 tr Bank and Office Building.....[....... 997,399 } Safe Deposit Vaults, Furn. & Fix. 360,580 [loans and Discounts... eeneans 5,444,694 NDverdrafts Si 21,878 297 2G7 299 1927 4,833,403 1,597,159 60,000 1,494,336 17,278 997,740 369,443 .433,686 3.892 299 R06.337 TOTAL ....... CC eeeeaauna-LIABILITIES AND CAPITAL-Deposits... RE. relation arn ae + ees RESETIVES cootoeiecmranmccmcccsmsnmnnnnaeenasns Capital .coecmrmitirmmsmmmrarmssrresnomeessssnnres Iurplus and Profits........ eee $22,667,378 443,300 83,419 200,000 703,202 97 997 999 ~ $20,415,241 1.200,000 126,319 .500,000 564 777 £22 06.337 r C 5 TRUST DEPARTMENT — Trust Funds—Cash ....... oma Trust Investments commis Property Managed for Clients...... Govt. Secur. Held for Safek'ping Other Secur. Held for Safek’'ping Corporate and Title Trusts... IR w 241,657 tT k71,109 -11,45¢ na “5¢ Ze a 260 2 SC 51 wot NN «223,976 3,516,084 3,002,655 653,300 7,484,398 5.403.500 nN, 33,913 2137.33 13.7:1 99:1 Book Value of Stock per Share. Ratio, Deposits to Capital.............. Datio Deposits to Cap.and Suro. 5 11.3: THE SPOKANE & EASTERN TRUST COMPANY, Spokane, Wash. CONTROL: By Northwest Bancorporation, Minneapolis, Minn. HISTORY: Organized in 1890 under Washington laws. Absorbed the Northwest [,oan & Trust Co. Jan. 4, 1914, and Teachers National Bank June 27, 1914. Departments: Commercial, Trust, Foreign Credit, Real Estate lL.oan. Savings. Investment, Insurance, Mortgage. Members of: Federal Reserve, A. B. A., Idaho, Washington, Montana and Investment Bankers Assns. Correspondents: National Bank of Commerce, Peoples Bank & Trust Co, Seattle; National City Bank, J. P. Morgan & Co. Guaranty Trust Co., Chemical National Bank, Bank of America, New York: Harris Trust & Savings Bank, Continental Nlinois Bank & Trust Co., National Bank of the Republic, Chicago; First National Bank, St. Paul; Wells Fargo Bank & Union Trust Co., Bank of Italy, San Francisco; Farmers & Merchants National Bank, Los Angeles; Metals Bank & Trust Co., Butte, Mont.; First National Bank. Boston: United States National Bank, Portland. Annual Meeting: 2nd Tuesday in January. OFFICERS, Commercial Div.: R. L. Rutter, Pres.; Conner Malott, Vice Pres.; W. T. Triplett, Vice Pres.; S. A. Kimbrough, Vice Pres.; E. V. Klein, Vice Pres.; J. L. Campbell, Sec.; G. H. Westerman, Comptroller; W. B. McLaren, Asst. Sec.; R. J. Raymond, Asst. Sec.; H. J. Dolling, Asst. Sec.; W. L. Eggert, Mgr. Mortgage Dept.; W. M. Marshall, Mgr. Investment Service. Trust Dive: C. A. Nicholson. Asst. Tr. Officer; A. C. Adams, Asst. Tr. Officer. DIRECTORS: Eugene B. Favre, Joel E. Ferris, John W. Graham, William G. Graves, H. H. Hebert, R. Insinger, Conner Mallott, C. D. Martin, A. F. McClaine, Jr., W. S. McCrea, W. H. Murgittrovd. Edward O'Shea, Josiah Richards, R. L. Rutter, W. T. Triplett. . CAPITAL: Authorized and Outstanding, $1,000,000; Par Value: $100. DIVIDENDS: 1910, 16 pct.; 1911, 20 pect.; 1912 & 1913, 15 pct.; 1914, 7% pect.; 1915, L0 pct.; 1916 to 1918, incl, 8 pect.: 1919. 12 pet.; 1920, 10 pct.; 1921, none; 1922-28. 6 pct.; 1929, none. MARKET RANGE: 1929, High, 248; Low, 150. 1928, High, 150; Low, 125. INCOME ACCOUNT. Years Ending Dec. 31 929 1928 $843,447 651.005 ‘2 nN Net Profits ocean. £arned per share of stock... . Book Value of Stock oeieeeeeees Ratio, Deposits to Capital.....oicroenenn. Ratio. Deposits to Cap. & Surplus... ”.89 133 2.3:1 G 2-41 $6.53 $131 11.1:1 R 5:1 xX BANKS AND TRUST COMPANIES TOMPARATIVE STATEMENT, As of Dec. 31 1929 1928 5,082,986 2,988,612 906,069 1,831,691 37,500 37.500 681,768 29,388 7a'R4F “62 RESOURCE! Cash & Exchange. Bonds, Stocks, etc...... een Federal Reserve Bank utock............... [.oans & Discounts........_.. Real Estate Loans Overdrafts oo eee sanking House & Real Estate... - TOTAL _... LIABILITI™ Oo 65 Deposits ......... Capital Stock . surplus Fund ....... ["'ndivided Profits . nr 2,255,823 nn 900 8h ov TOTAL .... - 9.0 6H. qa 192¢ 2,909,684 1,263,85¢( 460,% ‘11,134,272 ©.000,000 250,000 61.855 12 446.12" WASHINGTON TRUST COMPANY, Spokane, Wash. HISTORY: Incorporated under Washington IL.aws in 1902. Departments: Commercial and Savings Banking, General Trust Business, Safe Deposit Vaults, etc. Members of: Federal Reserve, A. B. A. Is State Depository. (‘orrespondents: National Bank of Commerce, Seattle; National Park Dank, New York: United States National Bank. Portland, Ore.; Anglo California Trust Co. San Francisco; Harris Trust and Savings Dank, Chicago; Canadian Dank of Tommerce, Vancouver, B. C. DFFICERS: M. B. Connelly, Pres.; E. H. Stanton, Vice Pres.; Fred 1. Stanton. ice Pres. and Sec.; Frank J. Guse, Cash.; L.. M. Miner, Asst. Cash.; O. N. Anderson, Asst. Sec.; H. A. Roberts, Auditor; W. G. Bieri, Trust Officer. DIRECTORS: M. B. Connelly, E. H. Stanton, Fred I.. Stanton, Frank J. Guse, R. J. Danson, Eugene Enloe, Don F. Kizer, M. Lang, C. E. Marr, F. J. Blomberg, Otto W. Sperling. CAPITAL: Authorized and outstanding, $200,000. DIVIDENDS: 1910 to 1928, incl, 8%; 1929, 10¢. Number of Stockholders: 18. MARKET RANGE: 1929 1928 1927 1926 200 200 200 200 INCOME AI'COUNT, Yearx Ending Dee. 31 1928 8 iQ: , Gross Earnings ..... Kxpenses. Taxes eto. ..... FEIT 0072 Net Profits Dividends Paid C ( Surplus earned for vear tlarned per share of stock... Book Value of Stock................ Ratio, Deposits to Capital... ec... “1 Ratio, Deposits to Cap. & Surplus....cooooeeeee... .§b:1 COMPARATIVE STATEMENT, As of Dec. 31 1928 694,907 *9,564 o3r « RESOURCES— loans and Discounts... bonds and Other Securities... 3ank Property ............. ER U. S. Gov. Bonds_.......ooooooiiiaaaae, Mash and Due from Panlee 1927 1,627,412 206,478 10,500 52,82: a1 02s 0H TOTAT. LTABILITIES-Capital Stock o.oo... Surplus and Undivided Profits Deposits ooo. Bonds Undelivered ... TOTAL, ed 200 (01 14 4G’ 12 180 , +a nd XR 4 THOMSON'S MANUAL 8 THE NATIONAL BANK OF TACOMA, WASHINGTON ‘ HISTORY: Chartered under National Bank Act Oct. 20, 1885, as Pacific National Bank; present title adopted Sept. 1, 1913. Merged Citizens National Bank in 1505 Lumberman’'s National Bank in 1905 and National Bank of Commerce ip 1913. . Departments: Commercial, Savings, Safe Deposit, Trust and Investment. Members of: Federal Reserve, A. B. A, and Washington Bankers Assn. Correspondents: National City Bank, Chase National Bank, Hanover National Bank, Guaranty Trust Co. New York; Continental Illinois Bank & Trust Co, Chicago; Anglo & London Paris National Bank, Crocker First National Bank, Wells Fargo Bank & Union Trust Co. San Francisco: Merchants National Bank. St. Paul, Minn.; Brown, Shipley Co., London. OFFICERS: S. M. Jackson, Chairman; Raymond R. Mattison, Pres.; Edward T. Ness, Cashier; Guy T. Pierce, Vice-Pres.; Ward Estey, Vice-Pres.; Roger W. Peck, Vice-Pres.; Leo V. Weston, Asst. Vice-Pres.; H. C. Harmany, Asst. Vice-Pres.; Harold C. Schweinler, Asst., Cashier; H. J. Dille, Asst. Cash.; S. P. Miller, Asst. Cashier; Varian S. Green, Trust Officer. DIRECTORS: A. F. Albertson, J. L. Carman, Minot Davis, Fred 8S. Fogg, J. T Gregory, BE. M. Hayden, Henry Hewitt, Chas. H. Hyde, S. M. Jackson, R. R. Mattison, W. L. McCormick, F. D. Metzger, L. T. Murray, R. W. Peck, H. Arthur Rust, Anna H. Thorne. CAPITAL: Authorized and Outstanding, $1,000,000; Par Value: $100.00. DIVIDENDS: 1914, 7 pect.; 1915 to 1917, incl, 4 pct.; 1918 & 1919, 6 pct.; 1920 & 1921, 10 pet.; 1922 to 1924, incl, 6 pct.: 1925: 9 pet.: 1926. 10 pet.: 1927, 12 pct. 1928, 16 pect.; 1929, 20 pect. Number of Stockholders: 95. INCOME ACCOUNT, Years Ending Dee. 31 029 928 Ce oney ir Nn 1927 815,693 581.087 34,606 120.000 “4,606 123.46 $168 14.5:1 8.6:1 Deposits 7,501,358 14,430,854 14 408.872 Gross Earnings .oooooceeeeeeann Expenses, Taxes. etc... Net Profits -.cceeemvenennmee.. Dividends Paid .coomeeeen--Surplus earned for year. marned per share of stock......... Book Value of Stock per share... Ratio, Deposits to Capital......ococceo. Ratio. Deposits to Cap. & Surplus... GROWTH Capital Surplus Profit $1,000,000 $130,000 ..L,219 1,000,000 250,000 55,911 1.000,000 500.000 481.665 “AT ATIVE STATEMENT, As of Dec. 31 1929 1928 24,068 $ 9,432,225 "e700 2458,272 KR ., 604,644 Qe? N96 RESOURCES-Loans & Discounts............ U. S. Govt. Securities......... een oem Other Investments ..ooommmeenineocoanaaionn Cash, Exchange & Lawful Reserve......... Other ASSETS cceocecccecccccccmcccescsmcmceeccezanmoceen TOTALS eee emeeaeeemanamerannneneeeeee. S17. 604.70 LIABILITIES— Capital Stock ..iiiieeens SUrPIUS cemecmrimemceeeecemceeees Undivided Profits ...... ...--Circulation «comin coe Due to Banks. ..oocerciiaaeenn Demand Deposits ..... CC eaee Time Deposits cooiimiieeniaeeees NDther Liabilities eo eiicaaae + - 1927 8,628,049 2,393,923 2,851,167 2.954,859 4.572 e168 R822 570 1 7 000,000 000 665 00 00 26 ar $ 1.000,000 400,000 276,667 700,000 893,563 7,425,388 6.139,380 4.572 ¢16 832 570 TOTAT, 17 A044 121 «17.56% al PUGET SOUND NATIONAL BANK OF TACOMA, Tacoma, Wash. HISTORY: Established in 1890 as the Puget Sound Savings Bank. Nationalized »n Jan. 2, 1923. . Departments: Commercial, Savings and Trust. viembers of: Federal Reserve, A. B. A. Wash. State Bankers Assn. Correspondents: Chase National Bank, New York; Continental Illinois, Chicago: “rocker First National, San Francisco; Bank of Italy, San Francisco. OFFICERS: F. P. Haskell, Jr.,, Pres.; M. M. Ogden, Vice-Pres. and Cashier; C. E. Lindquist, Vice-Pres. and Tr. Officer; Edw. A. Olson. Asst. Cashier: A. R. Whitman Asst. Cashier: D TF. Haskell. Asst. Cashier. BANKS AND TRUST COM DIRECTORS: Harry LL. Brown, B. E. Buckmaster, Ben B. Ehrlichman, J. A. Eves, Edwin Gregory, F. A. Haines, F. P. Haskell, Jr, Wm. P. Hopping, Frank E. Jeffries, Guy E. Kelly, W. W. Kilworth, Edward Miller, Jr., M. M. Ogden, Frost snyder, Almin Swanson, M. G. Tennent, Wm. J. Walker and H. C. Wallace. CAPITAL: As of Dec. 31, 1929: Authorized and Outstanding, $600,000: Par Value, $100. DIVIDENDS: 69% per annum. Number of Stockholders: 180. “tock Listed: Seattle Stock Exchange. MARKET RANGE: 1929—High, 150; Low, 140. STATEMENT OF CONDITION, Years Ending March 27 RESOURCES— Loans and Discounts........... ['nited States Gov. Securities.... Other Bonds and Securities........ Stock—Federal Reserve Bank... ee eeeaseeneeereenn naan Bank Building ................... SRE SR RR AE RR SHR EA Furniture and Fixtures............_. I Safe Deposit Equipment... eens Mash and Due from Banks... ...._. TOTAIL, ... LIABILITIES-Capital Stock ... Surplus eee Undivided Profits oer ee eee enna Circulation ..... NePOSItS vveeeeeaaannes Book Value of Stock... Ratio, Deposits to Capital... .coooooiiiiiieeeens Ratio, Deposits to Capital and Surplus... 1930 $2,409,353 654.436 483.519 22,500 300,000 35,000 15.000 687,291 4.607.100 600,000 150,000 88,614 292,560 475,925 0 6 - 1929 $1,976,018 765,872 310,049 11,250 +4,500 32,500 "R,000 90 "56 500,000 21,000 "6,425 294.400 . 285.121 PUGET SOUND BROADWAY BANK, Tacoma, Wash. HISTORY: Opened for business Dec. 2. 1929: affiliated with Puget Sound Na tional Bank. DFFICERS: FF. P. Haskell, Jr.,, Pres.; M. M. Ogden, Vice-Pres.; C. E. Lindquist. Vice-Pres., Cashier; E. E. Searles, Asst. Cashier. DIRECTORS: John S. Baker, Ben B. Ehrlichman, O. T. Craig, Andsley M. Fraser, Edwin Gregory, F. P. Haskell, Jr, Wm. P. Hopping, Frank E. Jeffries, W. W, Kilworth, C. E. Lindauist, M. M. Ogden, John Schlarb, George Scofield, Frost Invder STATEMENT OF CONDITION, March 27, 1930 RESOURCE" "RILITIES ,oans and Discounts... Bonds and Securities........ Furniture and Fixtures... Yash and Due from Bank: Capital Stoo Surplus ....... . ['ndivided Profits ..... Deposits... 200,000 25,000 18,253 276.607 G REN INTEREST TABLES Devores—1 day to 1 year by days, 360 and 365-dav basis. 1 to 6% by Y%s 612 to 10% by 12s. Price $7.00. Stouts—1 day to 1 vear bv davs. 360 and 36i-dav basis, 1 to 10% by 4s Price $7.00. Quick—1 day to 1 year by days, 5, 6, 7 and 8% 360-dayv basis. Price$2.50 Robinsonian Universal, $7.00. Delbridge Wonderful—90 days, $5.00; 180 days, $10.00: 360 days, $20.00 We stock all standard Interest Tables. . THOMSON’S BUSINESS BOOK SERVICE Qeattle Wach 100 THOMSON'S MANUAL WASHINGTON NATIONAL BANK IN THE CITY OF TACOMA, WASH. CONTROL: By Calitalo Investment Corp. San Francisco, Calif. HISTORY: Chartered April 1, 1925, as the Brotherhood Cooperative National Bank. Present name adopted in 1930. Authorized capital increased from $200,-000 to $500,000 in May, 1930. Par value changed from $100 to $25 and outstanding shares split 4 for 1. . Departments: Commercial and Savings. Members of: Federal Reserve, A. B. A, Washington Bankers’ Assn. OFFICERS: R. E. Davidson, Pres.; W. W. Newschander, Exec. Vice Pres. and Cash.; Henry A. Peterson, Vice Pres.: B. C. Pinckney, Asst. Cash.: Fred C. Hansen, Asst. Cash. DIRECTORS: C. O. Anderson, R. E. Davidson, W. S. Johnson, J. P. Kane, Dr. G R. Kunz, M. Maffei, H. A. Peterson, W. M. Short, B. M. Snyder. CAPITAL: As of June 30: Authorized, $500.000. Outstanding, $200.000. Par Value. $25. COMPARATIVE STATEMENT, As of Dec. 31 1929 335,989 200,000 ,617,447 10,000 397,823 66,127 27,491 1,562 832.658.4209 RESOURCES—-[Loans and Discounts.......... ee eeeaeemmmsmememmmeeseeecacmen a U. S. Gov. Bonds...cc.cc....... Rp Dther Securities .............. re eeeemaemmmenemeneeeesmeememmeecamneas Redemption Fund iia ces commana Cash and Due from Banks... an Furniture and FiXtUreS oon immerses Accrued Interest _..... eee emmemmmeemmmcecammeeasmneaean Dther Assets ...... nt a ————————————— mann SHER LIABILITIES— Capital StOCK oes = eee Surplus and Undivided Profits Circulation oocoeceeeeces Reserve for Tax, ete. ...... Deposits memmmec—cm—ccuesmmse-aceanY 200,000 44,250 200,000 971 218 TOTAL: wniieniisssnss Book Value Shares ....ooociciiininnnns Ratio Deposits to Capital cin ees Datio Deposits to Can. & Surplus co cmmeeaee 9 1928 $ 281,767 200,000 1,836,835 10,000 779.449 66,082 33.436 1.614 €2 900 183 $ 200,000 43,666 200,000 749 2.764.768 $3,209,183 $121.83 13.82:1 11.4:1 VANCOUVER NATIONAL BANK. Vancouver, Wash. HISTORY: Established in 1901. Departments: General Banking, Savings and Trust. Members of: Federal Reserve, A. B. A, and Washington State Bankers’ Assn. Correspondents: National Bank of Commerce, Seattle; Chase National, New York; Continental Illinois Bank & Trust Co., Chicago: U. S. National. Portland: American Bank, San Francisco. OFFICERS: E. A. Hannah, Pres.; W. E. Carter, Chairman; H. D. Warren, Vice Pres.; C. W. Ryan, Vice Pres.; Geo. F. Palmer, Cash.; John Trvon. Asst. Cash.: A. K. Munger, Asst. Cash. DIRECTORS: C. W. Ryan, Charles W. Hall, F. M. Kettenring, H. D. Warren E. A. Hannah, W. E. Carter. CAPITAL: Authorized and outstanding, $100,000. Par Value, $100. STATEMENT OF CONDITION, March 27, 1930 RESOURCES LIADILITIES Loans and Discounts... 726,033 Japital Stock eerie 100,00¢ Overdrafts .ooeeoceeeereen 3 iv. ProfitS.......... 36.72¢ Bonds and Warrants............. 640,050 Surplus & Undly. Profis 8.00( Stock in Fed. Reserve... i” 4,250 Reserves —ocoomooooooemienninenarenennes ’ Banking House .....ccooceciimmaanns i Circulation ceo an 97,600 Furniture and Fixtures............ 20,7 TES oooeeeeemeeemeeeneneeee. 1,720,491 Other Real ESLate........... 933s Deposits Redemption Fd., U. S. Treas.. 5,000 Cash & Due from Banks... 515.315 TOTAL ooeeeeeemeeeneeaeneeee- $1,962,821 Rook Val Stock. $136.72. Ratio. Dep. to Can. 17.2:1. Ratio. Dep. Cap. & Sur, 12.51: TOTAL oooeeeeeeeeeamnmaamenennne $1.96 2,821 *ANKS AND TRUST COMPANIES 10° WASHINGTON NATIONAL BANK, Vancouver, Wash. HISTORY: Founded in 1912. Departments: General Danking. Members of: Federal Reserve System. Correspondents: Chase National Bank, New York; Wells Fargo, San Francisco; Jetropolitan National Bank, Seattle; U. S. National, Portland. OFFICERS: Lloyd Dubois, Pres. M. R. Sparks, Vice-Pres.; Otto F. Zumsteg. Cashier; William F. Crowley, Asst. Cashier; Lloyd Dubois, Jr., Asst. Cashier. DIRECTORS: Lloyd Dubois, Chas. W. Shumway, M. R. Sparks, Geo. I}. Simpson, Jtto F. Zumsteg. _ CAPITAL: As of Dec. 31, 1929: Authorized and Outstanding. $100,000; Par Value, $100. DIVIDENDS: 109% per annum. STATEMENT OF CONDITION, Dec. 31, 1929 RESOURCES LIABILITIES [.oans and Discounts... Dverdrafts [Jonds, Warrants, Securities. ffurniture and Fixtures... Cash on Hand and in Bank Stock in Fed. Reserve Ban: Capital Stock _....... ieee. $100,000 Surplus and Undivided Profits 43,433 teserve .. F— 8,000 Yeposits ........... cemeeeeeee 1,175,623 Sook Value of Stock............ Ratio, Deposits to Capital .................... Ratio, Deposits to Capital and Surplus 4 2 BAKER-BOYER NATIONAL BANK, Walla Walla, Wash. HISTORY: Chartered under National Bank Act. Dee. 12, 1888. Originally estah. lished in 1869 as Baker & Boyer Bank. Departments: Commercial, Savings and Trust. Members of: Federal Reserve, American Bankers Assn, and Washington State Bankers Assn. Correspondents: Chase National Bank, New York; Equitable Trust, New York: first National Bank, Chicago; Wells Fargo, San Francisco: First National and [". S. National, Portland; National Bank Commerce, Seattle: Spokane & Eastern Trust Co., Spokane. DFFICERS: W. W. Baker, Pres.; J. W. l.angdon, Vice-Pres.; Pres.; W. G. Shuham, Cashier; D. S. Baker, Asst. Cashier. DIRECTORS: W. W. Baker, D. F. Baker, W. G. Shuham, J. W. Langdon. Davis, Robert L. Moore, D. S. Baker. CAPITAL: As of Dec. 31, 1929: Authorized and Outstanding, $100,000; Par Value. 3100. DIVIDENDS: 1920, 25%; 1921, 50%; 1922, 20%; 1923, none; 1924. 5%: 1925. 109%. 1926, 15%; 1927, 15%: 1928, 35%: 1929, 359%. COMPARATIVE STATEMENT. RESOURCES i.oans and Discount. [onds. Securities, Etc... Real Estate ............... Furniture and Fixtur Call Loans _.............. {". S. Bonds Owned....... ~ash and Due from 929 7,766 "3,509 1,204 655 500 3,88 1292 956 4 deo. 31 LR 98,332 38,839 090 < x -9 1927 1,642,152 543,146 ~ 850 "08 00 L000 « £992 8 IT TATT Capital _. surplus _.. eserves... "ndivided Picci Due Other Dank: .. Dividends Unpaid ........... Circulation ... NDeposite 100,000 00.000 85.663 T1642 125 672 T YN 209 ,€61 “R511 127 oe 07 2,000 -w00 i JJ 150 a 300k Value of StocK...o..o........... Ratio, Deposits to Capital... 2atio. Deposits to Capital & Surn: ll THOMSON'S MANUAL FIRST NATIONAL BANK, Walla Walla, Wash. HISTORY: Chartered under National Bank Act March 18. 1878. April 9 1927, merged the First State Bank of Prescott, Wash. - subsidiaries: The First State Bank of Prescott. Departments: Commercial, savings, bond and trust. Members of: Federal Reserve, A. B. A, Wash. State Bankers. Correspondents: First Seattle Dexter Horton National, Seattle; National City, New York; First National, Chicago and Portland: Bank of California, N. A. San Francisco. OFFICERS: J. D. Ankeny, Pres.; Oscar Drumheller, Vice Pres.; P. M. Winans Cash.; E. A. Mallaghan, Asst. Cash. DIRECTORS: John D. Ankeny, P. M. Winans, John H. Pedigo, Nesmith Ankeny. Oscar Drumheller. CAPITAL: Authorized and outstanding, $200,000; Par Value, $100. COMPARATIVE STATEMENT, As of Dec. 31 RESOURCES— 1929 i.oans and Discounts eer meanness emma nennenees $ 2,6 14,827 Overdrafts ..oocceeoeen JO [ eeeeneeemreoeamamnaeemeann 13,044 U. S. Securities ..... inwsmnnmnn eminem BREE 411,500 Dther Securities ........... ee eeeeemeasiammenesemseemcececesssemnssmenne- 389,515 Banking House and FixXiures ieee 72,880 Federal Reserve Bank Stock oo reiinieniinenenees 000 Dther Real Estate .... ee eecemmmmmmt memmamenan annem enema .35 “ash and Exchange eae nnn 201 493 1928 $2,188,426 5,522 400,150 802,086 270,880 15,000 86,052 469.923 24 238.034 LIABILITIES Capital Stock . eres oem anemmeneeeee§ Undivided Profits _ .. ccccccee oooreeeecemeeriioomcimn nna es Tax Reserve, etc... ee eeeeeememmnammemnmeemmeesemncnemmsenmeenues nn Dividends Unpaid - EEC a——————nmen HESS A wR DEPOSITS ococooeeeeiiccmmasirimmmeeseonarerinans mossesesoisossssssossseseesosos Bills Pavable .eeieeicmeesaececmmcecemmrm nme eamneema meme i. TOTAT, .... 200,000 300,000 8.432 92,814 20,000 289,548 24K (000 200,000 200,000 6.652 90.558 73640,829 $4,238,039 $253 18.2:1 79-1 TOTAL ieee Book Value Of StoCK .ociicmmmmrmces rm seamnnenoaeen Ratio, Deposits to Capital ries Ratio. Deposits to Cap. & Surplus ....... )4 54 1 CL -1 PEOPLES STATE BANK, Walla Walla. Wash. HISTORY: Established 1911. Departments: General Banking, Safe Deposit, Savings. Members of: Federal Reserve System. Correspondents: Guaranty Trust Co, New York; First National Bank and U. S National Bank, Portland; First Seattle Dexter Horton. Seattle: American Trust Co., San Francisco. DFFICERS: H. H. Marshall, Pres.; Dr. J. W. Summers. Vice-Pres.: W. H. Tharp Cashier: J. E. Merrifield, Asst. Cashier. DIRECTORS: O. T. Cornwell, U. F. Corkrum, Dr. J. W. Summers, Anson B. Woods, C. A. Andrew, C. M. Rader, D. V. Wood, Nat H. Webb, H. H. Marshall. CAPITAL: As of March 27, 1930: Authorized and Outstanding, $100.00: Par Value, $100. } DIVIDENDS: 109% per annun. STATEMENT OF CONDITION, Mar. 27, 1930 RESOURCES LIABILITIES Loans and Discounts........ ...-$1,495.8238 Capital Stock eeeeeeeeoannneneeen $100,000 Overdrafts oceooocrmeeeeceniooooa 7 3urplus and Undivided Profits 91,966 Sock in Fed. fiegprve Bai. Bonds Sold 260 512 anking House, Furn. & . smesmesmoooomneem mmm : Bonds and Warrants...... Rediscounts soemmsssmosnoemmsseoTmeTIe 23.000 Mash and Exchanee. ooocoeeeeen-- NEPOSILS cece mee 1.871 47¢ $2,215,957 Book Value of Stock.......... eee eeemmaemseneasmceemmmssmemmnessacrenceseen $192 Ratio, Deposits to Capital eames rae 16.701] Ratio Deposits to Capital and Surplus. _...... . eae amma eem nar 8.7:1 bl ™ TRUST COMPAN.. UNION BANK & TRUST CO., Walla Walla, Wash HISTORY: Established in 1928 as a State bank. Departments: Commercial, Savings, Safe Deposit, Trusts and Estates, Investments. Correspondents: First Seattle Dexter Horton National, Seattle: Chemical Bank & Trust Co.,, New York; Continental Illinois Bank & Trust Co., Chicago: U. S. National and Bank of California, N. A. Portland; Spokane & Eastern Trust, ipokane. Members of: I'ederal Reserve, A. B. A. and Washington State Bankers. DFFICERS: Harry Lasater, Pres.; George E. Kellough, Vice Pres.; Fred W. Wilson. Vice Pres.; Mark A. York, Cash.; W. H. Dorr, Asst. Cash.; R. D. Greer, Asst. Cash.; George KE. Kellough, Tr. Officer. CAPITAL: Authorized and outstanding, $200,000. Par Value, $100. DIVIDENDS: 8¢% in 1929. STATEMENT OF CONDITION, March 27, 1930 RESOURCES LIABILITIES L,oans and Discounts....... ........_.$ Accounts Receivable . rnd Overdrafts Bonds & Warrant. Banking House . Furniture & Fix ‘ed. Res. Bank Stock LU. S. Securities............ Tash & Due from Bank 026,154 = 243 ,: 46 3,599 ~,087 £9 TREO 2,000 209,078 Capital reece .$ 200,000 Surplus & Undiv. Profits......_.. 61,515 Deposits ....... "47.30" TOTAL, NQ RAQ TOTAL commimmsimsnimmmmmmesnnns 3 3,008,669 Book val. stock $131. Ratio. dep. to cap. 8.7:1. Ratio, dep. to cap. & surpl. 6.7: COLUMBIA VALLEY BANK, Wenatchee, Wash. HISTORY: Established 1892. Departments: Commercial, Exchange, Safe Deposit. Hembers of: Federal Reserve System. Correspondents: Central Hanover Bank & Trust Co., New York: First National Sank, Chicago; Spokane & Eastern Trust Co. Spokane; National Bank Commerce, seattle. DFFICERS: Guy C. Browne, Pres.; John Doneen, Vice-Pres.: Chas. E. Owens, Vice-Pres.; Harry E. Jones, Cashier; H. J. Cheever, Asst. Cashier. DIRECTORS: Geo. J. Miller, Harry E. Jones, Dr. J. H. Blake, Guy C. Browne, fohn Doneen, Chas. E. Owens, Carrie M. Browne. CAPITAL: As off Dec. 31, 1929: Authorized and Outstanding, $100.000; Par Value, $100. DIVIDENDS: 1209. SFATEW NT OF CONDITION, Dee. 31, 1929 I. TARITLITIE WS RESQU woans and Discounis Jverdrafts ....... Bank House, Furr Other Real Estate... Stock in Fed. Reserve Ra: Other Resources . U. 8S. Bonds...... Other Bonds ..........._.. City and County W: Mash and Due from Capital ......... veceereenneee $100,000 Surplus ............. ainsennne 25,000 “ndivided Profits ...................... 51,105 Dividend Checks Outstanding 6,012 Deposits ........ eee. 2,121,021 00 96 50 J53 209 NG Jook Value of Stock... ratio, Deposits to Capitale....ooooooo_. Ratio. Deposits ta Capital and Surnlins 76 6 FOR THE POCKET Adequate Bond Values, $6.50 Standard Bond Values, $6.00 I'niversal Bond Values. $5.50 FOR THE DESK - Monthly Bond Values, $75.00 ACME Bond Values, $35.00 Adequate Bond Values, $18.00 Special books on Serial Bonds, Annual Interest, Etec. THOMSON’S BUSINESS BOOK SERVICE Segttle. Wash. 104 THOMSON'S MANUAL COMMERCIAL BANK & TRUST CO... Wenatchee, Wash. HISTORY: Established 1902. Departments: Commercial Banking, Savings and Time Deposits: Trust Dept, Investment, Mortgage, Safe Deposit Boxes. Members of: Federal Reserve System. Correspondents: Chase National Bank, New York; First National Bank, Chicago: 3ank of California, Seattle; First National, Spokane. OFFICERS: Frank W. Shultz, Pres.; Frank E. Knapp, Vice-Pres.; W. D. Shultz, Cashier; C. R. Fray, Asst. Cashier; C. D. Merchant, Mortgage Loan & Tr. Officer. DIRECTORS: Frank W. Shultz. Terrv L. Ross. Frank I. Knapp, W. ND. Shultz. C. A. Leedy. CAPITAL: As of Dec. 31, 1929: Authorized and Outstanding, $100,000: Par Value. $100. DIVIDENDS: 109% per annum. STATEMENT OF CONDITION, Dec. 31, 1929 RESOURCES LIABILITIES Loans ...ooccceeeee. nnnenc§1, 347,298 Capital Stock ......-. 100,000 Overdrafts .cocooooceceereeces creeienoes 3 Co i 40,000 Federal Reserve Bank ' = 500 Surplus TT es 24.180 Furniture and Fixture 398 Undivided Profits ............. ’ Real Estate cocoons ne Dividends Unpaid _...c.cccoomeininns 6,000 Bonds and Warrants...... Deposits eee. 1,890,356 Cash and Due from Bar $2,060,536 Book Value of Stock......... ree sem eam sma mE SETHE HR EY FERRER he mn REA $164 Ratio, Deposits t0 CAPA ooeereeriiioinnnernis ommssess sesso 18.9:1 Ratio Deposits to Capital and Surplus irre 13.5:1 FIRST NATIONAL BANK OF WENATCHEE, Wash. HISTORY: Established in 1906. Members of: Federal Reservie, A. B. A, and Washington State Bankers. Correspondents: First Seattle Dexter Horton National, Seattle; Chase National, Jew York: Continental Illinois Bank & Trust Co., Chicago: Old National Bank & Union Trust Co., Spokane. DFFICERS: J. K. McCornack, Pres.; Ward Jesseph, Vice Pres.; J. H. Miller, Vice Pres.; R. D. McCornack. Cash.: R. P. Stowers. Asst. Cash.; G. H. Donaldson Asst. Cash. DIRECTORS: J. K. McCornack, Wm. Greig, J. H. Miller, Frank Reeves, A. L Morris, L. L. Mathews, Ward Jesseph, R. D. McCornack. Departments: Commercial, safe deposit, savings, trust. ~APITAL: Authorized and outstanding, $100,000; Par Value, $100. COMPARATIVE STATEMENT. As of Dec. 31 RESOURCES— 1929 ,oans and Discounts .... ee eee rrnennenen-31,344,6 29 DOVEPATATLS reeecmeszromemsressessmsesmessmrssensss assess oman sre onsen sss r nr 55 Federal Reserve Bank CLOCK ceeoeeeeeemameeimcmmmm annem ren nnaeaee 4.500 Claims and JUABIMENES .eiieorooimrnse ses nan ornaments nasser nn SU Banking House and FiXtures .....oooceoommomnomommmoessmnssees 136,295 Other Real EStALE emer esses sn ssn ssn ose mines pig Bonds and WATTANES .coooioeirenorimmmrnsrsass ran srn casas ssans seasons senses 207.484 Government SECUTTLIeS oir scenes meses 363,563 ash and FEXCRANEZE ceieireoommn oom memsrersss ssa nse ose 494,054 .. %2.550.580 TOTAL ........ LIABILITIES Capital Stock ..... . Ce ereeeeeer$ 100,000 Undivided Profits oocorecoicoimimmmisesees senses snares sss e 30,545 Circulation coats mmm AEEAEEREES «eee ETHERS Tron wm mnt 100,000 DEP OSILS oaeemeecercasremmrimmemmamsamsmnamens, | osmtemesesessssiinisisesiesitesiariernon 2.269,805 Dividends Unpaid ..coeomioeeenees Sh mana newman ORES 230. Tro 580 31 22.7:1 192 6-1 Book Value Of StOCK crmooooirimiomomnesreormsmmmenen os cncnsnenn none e Ratio, Deposits to Capital eiiiiommenroenemens sornenoene Ratio Deposits to Cap. & Surplus ..ermimeeisnmmmneeenee Gd yg" 1928 $1,165,653 213 4,500 5.696 139,611 11,368 228.819 4,65.953 467,849 29 489.662 $ 100,000 50,000 28,780 100,000 2.210,382 500. $2,489,662 $179 22.1:1 12 3:1 ; \NKS AND TRUST COMPANIES YAKIMA FIRST NATIONAL BANK, Yakima, Wash. HISTORY: Chartered as the First National Bank under National Bank Act in 1885; consolidated with Yakima National Bank (chartered in 1888) Feb. 24, 1930. Departments: Commercial, Savings, Trust. Hembers of: Federal Reserve, A. IB. A, Wash. Bankers. DFFICERS: R. M. Hardy, Pres.; A. E. Larson, Alex Miller, C. R. Donovan, Joe L. Clift, L. R. Rightmire, Vice-Pres.; H. F. Crawford, Cashier; Paul B. Allen, E. P. Hoffman, Asst. Vice-Pres.; F. V. Glaetzner, E. J. Lemke, M. V. Hubbert, Asst. Tashiers. DIRECTORS: R. M. Hardy, Alex Miller, C. R. Donovan, Fred Eberle, Wm. B. Dudley, A. E. Larson, Geo. H. Bradshaw, W. H. Robertson, W. 8S. Dimmiclk, W. A. Bell, W. N. Irish. (CAPITAL: Authorized and Outstanding, $500,000; Par Valur STATEMENT OF CONDITION, Dec. 31, 192F RESOURCES TITIES Loans and Discounts..................$4501,509 Stock Federal Reserve Bank.. 24,000 Furniture and IFixtures........... 60,000 [". S. Bonds to Secure Circ. 50,000 Call Money ............. BT [. 8S. Bonds & T. ( Bonds and Wary: - “ash and due from . Capital ....oe..§ 500,000 Surplus and Undivided Profit- 141,237 Circulation .......cocooeooooceanaenne. ‘7,420 Dividend Unpaid .......... . 120 Deposits oii 7.446 Total “76.223 Total ...... >,6,2z% Book va. of stock *® "4, Ratio dep. to cap. 15.8:1. Ratio dep. to cap. & sur. 12.3:1 YAKIMA VALLEY BANK & TRUST CO., Yakima, Wash. HISTORY: Incorporated under Washington laws in 1902. Merged with Commerrial Bank in 1924. subsidiaries: Affiliated with Vallima Securities Co., each stockholder of the bank having a pro rata interest in the Securities Co. Departments: Commercal, Trust & Savings Members of: Federal Reserve. Correspondents: First Seattle Dexter Horton Nat. Bank, Seattle: Bank of California, N. A. Tacoma; Hanover National Bank, New York; Continental Illinois Bank & Trust Co. OFFICERS: O. A. Fletcher, Pres.; J. J. Bartholet, J. F. Chesterley, Trust Officer. DIRECTORS: Peter Agor, J. E. Shannon, L. O. Janeck, : Johnson, L. E. Perry, R. S. Kelly, J. J. Bartholet. CAPIPTAL; Authorized and Outstanding, $275,000; Par Value: $100. DIVIDENDS: 1919, 16 pct.; 1920-21, 5pct.; 1922, 4% pct.; 1923, 6 pct.: 1925, 11 pct.; 1926, 14 pct.; 1927, 8 pect.; 1928. 11 pect.: 1929. 10 pect Number of Stockholders MARKET RANG, High ......... f.ow 29 60 160 1928 160 150 1927 160 150 1925 160 150 INCOME ACCOUNT. Years Ending Dee. a9%aq Gross Earnings ...... Expenses Taxes etc. Net Profits .. Dividends Paid Surplus earned for year............ Earned per share of stock.............. Book Value of Stock... iiiiaiaanee. Ratio, Deposits to Capital... Ratio. Deposits to Cap. & Surplus... 7% 2.235 0 112 00 31 7:1 3 7% 06 __ THOMSON'S MANUAL COMPARATIVE STATEMENT, As of Dec. 31 1929 1928 $1,644,849 $1,658,358 343,000 355.550 2587127 215.767 9/900 9.900 -327000 132,000 14087 $630 “1e'E55 2¢'%32 a9 s Q74 yr a RESOURCES— Loans & Discounts. ....cco.. oo. U. S. Gov. Bonds. . emmmmennn Dther Securities ocean Fed. Res. Bank Stock. oiienes Banking House & Furniture... Other Real Estate . JR CABLE cermivsiaesimcomnnensmmmnmmeemmnnsenmpesinh, SEREMERSS css Dther RESOUTCES .oieeromeecacomeccreemnsennnnennanes TOTAL, oo... LIABILITIES-Capital Stock ies Surplus & Undivided Profits............ Tax Reserve .... . [BY=Y «Yo 1 | AJ Due to Fed Res. Bank................ Rond Depreciation Reserve ....... TOTAT., LIARILITIES eee "00 z0 me 277.000 ne,637 he Tv aytiaR Scr EERE. As ERBE~E"1"B SBODYRRRRNLGNRAN..L QFE. ' CAR 1927 $1,631,483 309,700 196.984 9.900 134.000 "506,317 €9 TRR. 284 275,000 85,396 12,989 114 90949 5 788 384 A GROUP OF FRIENDLY PACIFIC NORTHWEST BANKS Columbia National Bank of Portland. Oregon North Coast Bank & Trust Co. Seattle. Wash. Washington National Bank In the City of Tacoma, Wash. (BEEN UGRRAENRNRIAARARNNE. Control of these banks by the Calitalo Investment Corporation, together with three other banks in California, insures sound management and the many advantages of group banking. JE SECTION III. INSURANCE COMPANIES [ncluding all major companies, with home offices in the Pacific Northwest, writing Life, Accident, Fire, Casualty, Marine, Title and Miscellaneous Insurance. Life Insurance MONTANA LIFE INSURANCE COMPANY HOME OFFICE: Helena, Mont. HISTORY: Incorporated under laws of Montana June 20, 1910, and commenced business three months later with an authorized capital of $250,000. Capitalization was raised to $500,000 through a 1009% stock dividend on May 8, 1923. KINDS OF INSURANCE: Company writes non-participating life insurance only. TERRITORY: Company licensed in Montana, California, Oregon, Washington, Idaho, Utah, Colorado, Wyoming, North Dakota, South Dakota and Minnesota. PROPERTY: Company owns own home office building, a three-story reinforced concrete and steel structure erected at a cost, including site, of $245 500. DFFICERS: H. R. Cunningham, Pres.; A. C. Johnson, Chairman; Carl Rasch, Vice Pres.; T. B. Miller, Vice Pres.; F. A. Howard, Vice Pres. & Treas.; A. J. Clemo, “ec.; R. B. Richardson, Actuary; Dr. E. H. Lindstrom, Med. Director; Will Brulo, Migr. Loan Dept. DIRECTORS: H. R. Cunningham, Helena; A. C. Johnson, Helena; Will H. Murgittroyd, Spokane, Wash.; F. A. Howard, Helena; A. J. Clemo, Helena; Lee Mantle, 0s Angeles; Louis Heitman, Helena; T. IB. Miller, Helena; Carl Rasch, Helena; Will Brulo, Helena; Jeff Doggett, Townsend, Mont.; A. F. Waldorf, Dillon, Mont.: B. F. Lepper, Akron, Ohio. GENERAL COUNSEL: Gunn, Rasch, Hall & Gunn, Helena, Mont. Fiscal Year Ends: ec. 31 Annual Meeting: First Monday in February. Par Value Authorized Outstanding CAPITAL STOCK: ... .----$10.00 $300,000 $300,000 Voting Power: Vested in common ers. The candidate receiving a mastock except as follows: jority of the combined vote is to be When and if at least twenty five per considered elected. rent of the total number of policyhold- . . . ; < -rs, having insurance of $1,000 or over, Dividends: Company has paid cash are present in person or by proxy at dividends every vear from 1915 to date, ; av < y > eX 9. In 1926 the annual meeting they may cast a With the exception of 191 vote for directors equal to one-third of and 1927 paid 8%, 1928 and 1929 129%. rhe total votes cast by the stoeckhold- Jan. 1. 1930. 109. COMPARATIVE GROWTH Admitted Assets [.iabilities } 421,617 | 17,288 1,925,369 1 %282,1.9 5,979,250 1 976,660 0409 6073 Yy 072.367 410 1917 1924 1Q2Q "nsurance in Force © 1,144,500 20,598.462 37,639,409 53 192 033 COMPARATIVE INCOVME and DISRURSEMENTS INCOME— Premiums Received ........ supplementary Contracts ........... Dividends Left to Accumulate... [nterest, Dividends and Rent... JYthey Income Dee, 71 1929 102,403 9,016 5,820 08,332 30.463 Years Ending NG 1927 609.897 2662 948 209 R54 TOTAL INCOME DISBURSEMENTS Total Claims Paid..... surrender Values .............. Dividends to Policy Holder) Dividends to Stockholders... ['nderwriting and Gen. Exp. ther Dishnrsements ROR 1 85,7148 L118 26 00 "9,919 619 461 “00 "29 9 299 yor 770 3 wow ® TOTAL DISBURSEMENTS iiioeiicd Kxcess Income over Disbursements... $¢ NNk “0 561 Lhe A000 THOMSON'S MANUAL COMPARATIVE STATEMENT, As of Dec. 31 Home Office Buil@iNg oe oooiomoomrrmmemeeremrene cree ceicemssrm samen Other Real Estate................. seamen SESHRE SRSA EL RE Real Estate Contracts reese neeees Real Estate Loans... eee eeremmememeemmemceecsmreemmeemeemememenne LADEIrtY BOMAS eiceccoammmmmmmmomens smomcmsmmmnnmaesss sonore sen masse Gov. Bonds and Warrants. iene concer Other Bonds ........ rem Ee an Policy LOANS ccioommcmmaae eee wanes SOUS ga we kn Renewal Premium Notes iirc eoieee CARI coommmmrsnmisavsemmeenmommn ne eeeeeaeermmemmamemeceemmesemcmnnn Certificates Of DEPOSIT 0 ees Premiums Due and Other Assets.............. 298k 1929 233,640 73,038 180,492 1,688,921 205,000 1,402,125 3,998,500 2,151,814 55,920 25,961 53,035 341,157 ADMITTED ASSETS eee eee eeeesmnennenneenee-- $10,409,603 LIABILITIES— Reserve on PoOliCies. renee Reserves for Disability. ees Claims Payable oaoececoiecoiiormmmeearnrc om cmmon oneness ene Reported Clas coon rnc seinen ee Death Claims Unpaid. coiooonie iets eee Advance PremiuINs .ocuooocoommomeoemocccmmisommmmrrses soos sree nna cone [Interest Paid in AdVanCe.. irene enaenee All Other Liabilities. irene enon RESETrVE LOT TAX OS ciauaeriammceemmmmnssenes mcssemmsoooocssssiamoosrasssas Nontingency RESEIVEe oo meee 0aPIta]l STOCK ceeicerieiioeree irene cero Net SUTPIUS coooiiooevoccmomcciacmopoemnn sams mrreceos sass m sons men ees csbs rosea naa TOTAL LIABILITIES 1928 245,516 205,340 100,545 412,519 205,000 .,263,438 3,685,500 1,846,560 28,018 20,959 49,2563 311.023 £9.373,671 8.484,680 $7,595,871 310,393 261,473 56,927 47,825 17,185 21,696 None None 10,5696 8,902 7,667 46,832 5,019 19,995 Nn 000 68,451 1000 50,000 50,000 500,000 #37.236 752,626 $10.409,603 $9,373,671 NEW WORLD LIFE INSURANCE COMPANY HOME OFFICE: Old National Bank Bldg, Spokane, Wash. HISTORY: Incorporated Under laws of Washington, Feb. 21, 1910, as the Roman Catholic Life Ins. Co. Name changed Sept. 22, 1910. Original capital authorized was $2,000,000, which was reduced to $1,134,500, on June 25, 1920. Company absorbed Columbia Life & Trust Co, Portland, Ore., April 30. 1917, taking over $600,000 assets and $9,000,000 insurance in force. KINDS OF INSURANCE: Writes all common forms of life insurance on nonparticipating basis. TERRITORY: Licensed in Calif, Idaho, Ill. Iowa. Minn., Mont.,, North Dak, South Dak. Ore., Wash., and Wisc. OFFICERS: John J. Cadigan,. Pres.; Edw. J. .O0'Shea, Vice Pres.-Treas.; John J. Martin, Vice Pres.; R. C. Burton, Sec.-Actuary; John W. Cadigan, Supt. of Agencies; Edw. Base, Asst. Sec; R. L. McGinnis, Comptroller-Asst. Treas.; Dr. P. J Gallagher, Med. Director; E. F. Bucknell, Asst. Actuary. DIRECTORS: John J. Martin, Boston, Mass.; Richard B. Porter, Spokane; John D. Carmody, Seattle; Edward O'Shea, Spokane; John W. Cadigan, Spokane; Francis H. Benson, Boston, Mass.; Edward J. O'Shea, Spokane; Russell C. Burton, Spozane; John J. Cadigan, Spokane. GENERAL COUNSEL: Graves, Kizer & Graves, Spokane, Wash. Par Value Authorized Outstanding CAPITAL STOCK ............. . eererenannennnn- $510.00 $1,134,500 $1,134,500 DIVIDENDS: Payable annually, Mar. 1, 1915. 49%: 1916. 4%: 1917. 6%: 1918 and 1919, none; 1920 to 1929, inclusive, 8%. Number of Stockholders: 9,473. } LISTED: On Spokane Standard Stock Exchange, Seattle Curb Exchange. PRICE RANGE: 1929—High, 17%: Low, 13; 1930 to June 1—High, 14; Low, 13. GROWTH— Ins. in Force Net Reserve Assets LO1T ooo + eens emmneemneenneanned 257,000 ' 034 3 394,921 L911 ee eeen—ae mmm aman enemcnenennana "24,950 991 1,404,909 191 RHR evanwem smn? rm, FARE $0 rms "2,495 £1¢ 1,827,408 191 cps wen vom m—— asa '2,03¢ 281 2,625,837 191¢ spe PR "4,481 ,126 3,247,793 192 EERE Teva nw ms mee RRR RR 7,2( L260 £,305,5628 L192 ooeeeeeeeemreeeeeommeeesamasnssesmsesszeserasseneonnas 27° 275 5,303,683 192. eeeememeeeln ee eenmeeaneeaaes 5,0. ,185 6,459,269 1927 ... - ee eens 18,883,713 2,877,762 7,899,208 1929 eee eeeeaeneeneee 49,796,931 7,305,105 9 457,630 COMPARATIVE INCOME and DISBURSEMENTS, Years Ending Dee. 31 INCOME— 1929 1928 1927 Total Premiums .ocooocomemommmmmninenans eee) DOO 65T $1,602,880 $1,437,165 Interest and Rents. iiennienaaes J76 480,169 439,058 Dther INCOME oirerorimmemccmrrmmmnemmmnanoseemsan sas: ~2.821 63.346 56.686 TOTAL, INCOME nanan $2,121,554 $2.048.394 $1.9322.909 3 TT COMEAN DISBURSEMENT Total Claims Paid... Surrender Values ........... Dividends to Policyholce: Dividends to Stockholder. l'nderwriting and Gen. -Expens. Other Disbursements . 21g X¢ 263,80 T2004 rr» i 19,660 1,175 £0 IN TOTAL DISBURSEMENTS ............... Excess Income over Disbursements... COMPARATIVE STATEMENT, As ASSETS— Mortgage Loans ... Real Estate ........._. Bonds and Secur’ minnie mem. Policy lL.oans and IV ieee . Real Estate Sold 'nder Contract.......... .... [Interest Due and Accrued...............o....o..o...... Uncollected .... ABN corciserisiim rE RRR re Other Admitted Assets ....._.. 1929 emneeennnrenneennnsa- $3,985,899 ... 679,891 816,022 626,483 EEN 265 357 tek “13 TOTAL ASSET. LIABILITIES-BeSCIVEe suuesvigesaiins Held for Claims Unpaid. All Other Liabilities Capital Stock .... SUrplus coven. “ontingency Surplus ...... TOTAL LIABILITIES y 27.629 305,105 §31 £35 =0¢ Lo 0 «A 4" 28 $23,160 “88,899 750,133 00,614 5 159 "aq € & 1927 1,027,332 1,065,950 1,880,402 1,246,233 178,” €2 7,658 1,902 61,388 899 208 ,003 £706 £729 ©,500 7.2149 NORTHERN LIFE INSURANCE COM HOME OFFICE: Northern Life Tower, Seattle, Wash. BRANCH OFFICES: 28 branch offices in Washington, Oregon, California, Idaho, Montana, Nevada, Utah, Colorado and Alaska. HISTORY: Incorporated under laws of Washington July 14, 1906. First policy written Oct. 10, 1906. Original capital was $125,000. No promotion expense in connection with the company’s organization. KINDS OF INSURANCE: Company writes life, accident and health insurance, both participating and non-participating. Features a combination policy known is “Three-in-One,” giving the insured coverage on life, accident and health. Company also writes group insurance, and bank savings insurance. PROPERTY: In 1929, Company erected a 27-story tower-type building at southast corner of Third Avenue and University Street, Seattle, known as “Northern Life Tower.” Company occupies about 6 floors. Remainder of building rented for general office purboses. DFFICERS: D. M. Morgan, Pres.; F. K. Struve, Vice-Pres.: Arthur P. Johnson, Vice-Pres.; D. M. Morgan, Vice-Pres.; J. H. Sargent, Secy; S. J. Rice, Mgr. Investment Dept.; E. S. Campau, Agency Supervisor; J. F.. Bamford, Asst. to Pres.; O. A. Ehrenclon, Actuary & Asst. Secy.; Irving Morgan, Home Office Rep.; Gordon G. Thompson, Med. Director; Geo. W. La Fay, Comptroller: W. L. Willev, Asst. Secy; Geo. L. Jacobs, Educational Director. TRUSTEES: J. W. Maxwell, M. A. Arnold, Moritz Thomsen, Reginald H. Parsons O. B. Morgan, Arthur P. Johnson, F. K. Struve, Henry A. Kyer, D. M. Morgan. Fiseal Year Ends: Dec. 31. Annual Meeting: 3rd Tuesday in Januarv, Number of Employes: 1,000 Number of Agents: 500. Par Value Authorized Outstanding emee-- 100 $250.000 £250,000 Dividends: Paid semi-annually Feb. and Aug. 5, as follows: 1912, 3 per cent; 1913, 6 per cent; 1914, 8 per cent; 1915, 8 per cent; 1916, 8 per cent; 1917, 4 per cent; 1918, 4 per cent; 1919 to date, 10 per cent per annum. Provisions: Charter provides that dividends on common stock from participating insurance be limited to 10% in any one year. Washington laws provide that capital stock may be assessed up to 100% in case of financial smergency 0 THOMSON'S MANUAL COMPARATIVE GROWTH [Life Insurance Admitted Assets Reserves in Force 179,177 $ 32,625 1,804,500 267,621 114,606 3,375,875 128,608 279,126 6,662,257 680,063 492,429 8,640,266 (,182,546 931,054 10,639,196 1,520,006 242,652 14,656,849 4,136,587 “42,361 18,706,706 3,207,540 ,-86,980 24,459,290 £,221,662 = £75,330 35,922,684 5,696,990 1,635,869 56,596,282 7,775,789 6,342,932 69,629,440 10,003,604 8,140,206 90,065,818 (including accident and health in com-'ncome 1907 35,459 1909 43,477 1911 282,942 191° 386,195 191 £29,015 193 01,950 19? 1,295 19: 239,520 19¢ ,686,113 92 2,380,148 192, 2,998,190 L929 eee. --- 3,809,721 Total Insurance in Force, Dec. 31. 1929 oination). $139.313,512. COMPARATIVE INCOME and DISBURSEMENTS, Years Ending Dec. 31 INCOME— 929 1928 1927 New Premiums .....ccccoeeeen 165,853 496,799 <= 362,756 Renewal Premiums coco. "67,389 788,062 1,558,720 A. & H. Premiums. ccommenne. ceemmes weems "21 968 79,182 531,215 Supplementary Contracts ...cooceceeeeeeeee- . "Fg 1) 23,740 Dividends left to accumulate.......... wr 149,633 Interest, Dividends and Rent..._._....___...... o <6 353,866 Other Income [ 6.669 15,272 £2998 190 TOTAL INCOME ..oeiecoaemmrcmmmemnnees DISBURSEMENTS— Total Claims Paid..... 25,332 Surrender Values o.oo... $6,010 Dividends. to Policyholders............ er 52,71: Dividends Surrendered ..o...ooeeoeoieeneen ‘0129 Dividends to Stockholders coir cee nee cs 00 Underwriting and Gen. Expense ............ 022,09E Dther Disbursements -...... Samp ————— 253,358 TOTAL DISBURSEMENTS ..coeeeeicccecens 93,437 Excess Tncome over Disbursements.......... 1.016,284 COVMPARATVE STATEMENT, As of Dec. 31 929 1928 “1,681 $2,215,234 "03 3,383,451 5 903,946 * $12,237 93,016 38,300 99,959 nr QQ -3 5186 2809. 583,774 173,279 188,329 123,215 25,000 878,716 109.756 $2,086,794 911.396 1927 $2,218,802 3,094,481 337,170 1,338,272 101,280 306,942 189,568 189.274 $7,775,789 79 691 TOTAL ASSETS ........ Non-Admitted Assets ocoiiinenn = LIABILITIES— [Life Reserve ........ Disability Reserve .ooeiimaanene-Reserve for Unsettled Claims. Reserve for Trusts, etC.cooci. Prepaid Premiums, Int. & Taxes. Reserve for Policy Dividends..... Reserve for ContingencieS............. All Other Liabilities... I — al Capital Stock .. eee namanan 250.000 TOTATI, LIABILITIES aie £10.003.604 12,664 421,118 171,984 226,094 88,039 543,065 401,829 . 36,538 250.000 $8.851,333 NORTHWESTERN LIFE AND ACCIDENT COMPANY HOME OFFICE: Central Bldg. Seattle, Wash. HISTORY: Incorporated under laws of Washington Sept. 2, 1925. Commenced writing policies Aug. 20, 1926. June 28. 1928. company absorbed the Northwestsrn Mutual Accident Assn. KINDS OF INSURANCE: Company writes non-participating life insurance and accident and health insurance. . TERRITORY: Company writes life insurance in Washington and accident and health in Washington and California. . DFFICERS: T. H. Browlee, Pres.; H W. Davis, Jr., Vice Pres.; N. H. Seil, Treas.; B. L. Smith, Secy.; Dr. H. G. Wright, Med. Director; E. C. Brownlee, Auditor; W. R. Halliday, Actuary. . DIRECTORS: Alston Fairservice, William MecCush, Herbert W. Davis, Jr. S. H Hedoes W. M. Whitney. T. C. Brownlee, N. H. Seil. $5,958,292 384,641 127,130 171,939 84,3317 450,541 314,602 34,304 250.000 7.775.789 NSURANCE COMPAYT COMPARATIVE BALANCE SHEET, As of Dec. 31 1929 1928 21 203,667 20,751 © R27 at ASSETS Bonds .... Cash et een Agents’ Balances ..... A. & H. Dept. ...._. ee emmetceene imeem emmemenemeans Accrued Interest Premiums Due ..... ee . 192. 87,17 30 2h GROSS ASSETS ......... Deduct Non-Admitted Assets... TOTAL ADMITTED ASSETS... LIABILITIES Reserve for Life Losses....... Accident & Health Reserve... Unsettled Claims ......oooooeee oiieein © eon. Coupons Accrued & Other Liabilities... Reserve for Taxes ... Capital ..........._. Surnlus ... ( 04 00 oC TOTAL LIABILITIES ........ $250.0 NATIONAL UNION LIFE INSURANC HOME OFFICE: 315 Symons, Bldg. Spokane. HISTORY: Incorporated under laws of Washington, Apr. 18, 1928. Commenced business Nov. 2, 1928. Original shares were sold for $150, of which $50 was applied to surplus. There was no promotion expense. KIND OF BUSINESS: Company writes non-participating, old line life insurance. IFERRITORY: Washington. OFFICERS: G. I. Toevs, Pres.; H. H. Herbert, Vice Pres.; J. W. Burgan, Vice Pres.; F. E. Dunton, Secy.; O. R. Wagner, Treas.; A. T. R. Cunningham, Med. Director; C. E. Wagner, Asst. Secy.; R. H. Horne, Sup. of Agents. DIRECTORS: Dr. T. M. Ahlquist, H. M. Blakeley, J. W. Burgan, Arthur W. Davis, Roy R. Gill, H. H. Herbert, W. P. Hopkins, R. Insinger, Maurice Lindholm, T. F. McCollough, Geo. A. Phillips, R. J. Stevens, W. H. Thompson, G. I. Toevs, S. P. Weaver CAPITALIZATION, As of Dec. 31, 1929 Par Valuc Authorized Outstanding $100 $250.000 100.000 OREGON MUTUAL LIFE INSURANCE COMPANY Capital Stock ....... HOME OFFICE: Alder at Eleventh Street, Portland, Ore. GENERAL AGENCIES: Portland, Salem, and Marshfield, Ore.; Seattle, Spokane, Tacoma and Yakima, Wash.: Oakland. San Francisco, Los Angeles and San Diego. Calif. HISTORY: Incorporated under laws of Oregon, Feb. 24, 1906. Started business on April 12, 1906, under the name Oregon Life Insurance Company. In 1929, after the law permitting mutual life insurance companies to operate in Oregon was passed, company was mutualized with the approval of both stock and policy holders. Prior to retirement in 1929, company had outstanding $100,000, of $1,000 par stock, on which dividends were limited to 7% per annum. Charter provided that majority of policyholders or company could purchase this stock at par and continue as mutual company. KIND OF INSURANCE: Has both participating and non-participating policles on the books, but all policies written as non-participating are, since mutualization, eligible for dividends. TERRITORY: California, Idaho, Oregon and Washington. DFFICERS: C. F. Adams, Pres.; Adolphe Wolfe, Vice Pres.; Louis G. Clarke, Vice Pres.; Wm. Pollman, Vice Pres.; W. C. Schuppel, Exec. Vice Pres.; W. P. Stalnaker, Sec.; Edward H. Geary, Treas.; Raymond R. Brown, Actuary and Asst. Sec.; A. J. Giery, M. D., Med. Director; Arch. J. Tourtellotte, Auditor. DIRECTORS: CC. F. Adams, Adolphe Wolfe, Louis G. Clarke, Wm. Pollman, W. P. Olds, Jefferson Myers, A. H. Devers, H. L. Corbett, Jos. T. Peters, J. H. Booth, ZC. C. Colt, John A. Zehntbauer, James B. Kerr, T. A. Davies, Edward H. Geary E. C. Sammons, Nathan Strauss, W. C. Schuppel. GENERAL COUNSEL: Teal, Wintree, McCulloch & Shul - COMPARATIVE GROWTH Year No. Policies 1906 ceeeeeee 285 1910 .......... een : 1915 lL eres L920 eee L925 eee. 99 ns. in Force 624,000 1,270,605 J,093,456 14,508,106 :0,329,634 5.201.706 ncome 28,491 169,872 45,362 85,683 575,657 427 RON Legal leserve 3,160 70,864 '5,418 0,993 »..5,776 CTOhH 449 Admitted Assets 104,997 298,290 988,049 2,633,377 6,112,938 9 501169 [12 THOMSON'S MANUAL COMPARATIVE STATEMENT, As of Dee. 31 1929 1928 177,500 197,718 718,849 ,206,310 “71,592 012.308 Taag ry ASSETS— Real Estate ASE RSE pean nessa nia RE red BONAS cocccoecmammmmmmnae semamecees i imsmeseemmemsesiossuassoos Mortgage Loans ........ even mmmmcemnaeen Policy LOANS crirririiiraiommeocoemmemmmnnrenmmcaaies Interest and Rents Due. .iimiaiennees Premiums DUE ocean lem cemmanamanen ees CASN cocememeecennmmmaammseernnsenasnnmarnannns Other Assets ... TOTAL ASSETS ........ LIABILITIES— Life RESeIVEe .ceimccmmenmnmanaeca amass Disability and D. I. Reserve........ Reserve for Contingencies... ... Claims Unpaid ..... Dividends Payable ...oeeice Dividends left to accumul: All other liabilities _..... Surplus ...... Capital ..... v0 RV Zz 9 c a ¢ Go 45 o IT 897 75,007 248 ©, 05 ££! ~ “=2, TOTAL, LIABILITIES oiieeeeeeen--$9.501.362 an ng $8.706.193 1927 . 185,409 1,462,649 047.634 723.440 87.518 85.009 34.761 3,044 37,729,464 $6,254,967 70.692 150,000 53.395 260,217 152,804 231,820 455,569 100.000 $7 799 464 UNITED PACIFIC LIFE IN SURANCE COMPANY HOME OFFICE: 808 Second Ave. Seattle, Wash. BRANCH OFFICES: Tacoma, Spokane, and Everett, Wash. CONTROL: United National Co.. Seattle. Wash.. owns all but directors’ qualifying shares. HISTORY: Incorporated under laws of ‘Washington, March 27, 1930. Opened for business May 10, 1930. Company is one of the United National group and was launched without organization or promotion expense. Shares, which under laws of Washington are assessable for 100% par value. were paid in at $200 each, half of which went to surplus. KIND OF BUSINESS WRITTEN: Company writes non-participating policies on old line legal reserve basis. Features “Home Protection Policy,” which, at death of insured, pays monthly income for specified time .then pays the face amount nf policy. TERRITORY: At present company licensed in state of Washington only. OFFICERS: E. B. Sherwin, Pres.; J. W. Reynolds, Vice Pres.; H. 0. Fishback. Vice Pres. and Sec.; J. P. Fordyce, Vice Pres. and Actuary; F. W. Buff, Treas. DIRECTORS: Roscoe Drumheller, Geo. P. Hardgrove, H. O. Fishback. Jr.,, E. B Sherwin, Ben B. Ehrlichman, J. W. Reynolds, J. P. Fordyce. CAPITALIZATION, As of May 31, 1930 Par Value Authorized Outstanding CAPITAL STOCK ET ———— x LIK} | $250,000 $250,000 On May 31, 1930, company reported having received applications in excess of 29 500.000 and issued over $2.000.000 of insurance. General Insurance FIRST NATIONAL INSURANCE COMPANY OF AMERICA OFFICE: 1102 White Bldg, Seattle, Wash. CONTROL: General America Corp. Seattle, Wash.. owns all but directors aualifying shares. HISTORY: Incorporated under laws of Washington Oct, 1928. Commenced business Nov. 1, 1928. Original capital $1,600,000 and surplus $1,760,000 (1600 shares sold at $210). In 1929, when control was acauired bv Gen. ‘America Corp., capital was reduced to $1,000,000. KINDS OF INSURANCE: Company writes fire, marine, earthquake, explosion, flood, profits, reinsurance, rent, sprinkler, leakage, tornado, riot and civil commotion, use and occupancy and full automobile coverage. TERRITORY: Licensed in Cal, Colo, Idaho, Ill, Ind. Iowa. Md., Mass. Minn.. Mo., Mont., Neb., N. Y., Ohio, Ore., Wash,, Canada. BRANCH OFFICES: 303 West Adams St., Chicago; U. S. Bank Bldg. Denver, Colo.; Standard Bank Bldg. Vancouver, B. C.: Western Pacific Bldg... Los Angeles Calif.; Russ Bldg., San Francisco, Calif. DFFICERS: H. K. Dent, Pres.: J. F. Douglas, Vice Pres.;: A. S. Eldridge, Vice Pres.: Sam G. Lamping, Vice Pres.; Frank B. Martin, Sec.; J. T. McVay, Treas. seo. H. Belt, Asst. Treas.; L. F. Becker. Asst. Sec.; R. H. Baldwin. Asst. Sec. 0d WwW Fwart. Auditor NSURANCE COMPANIc DIRECTORS: Joshua Green, Chairman; J. F. Douglas, O. D. Fisher, C. H. Clarke, Frank B. Martin, Frank T. McCollough, J. C. Ainsworth, I. Lowengart, Harry T. Nicolai, Robert H. Strong, F. R. Titcomb, John S. Baker, Neil Cooney, A. S Eldridge, Lee Pockwitz. Fiscal Year Ends: Dec. 31. Annual Meeting: Third Thursday in January CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding reeenrrcaeneneeae S100 $1,000,000 $1,000,000 Common Stock Dividends: 1929, $£9.600. INCOME and DISBURSEMENTS, Year Ending Dec. 31, 1929 INCOME DISBURSEMENTS Net Premiums oo smsosmoisonss. [Interest & Dividends.. Reinsurance _.... Assets Sold, etc. Other Income _. 123,880 0,533 ,664 Total lL.osses Stockholders ees ‘nderwriting & Gen. Retiring Cap. Stockh. Jther Disbursement: S50 Total Income )33,9+: Total Disbursements .. TTY STATEMENT, As of Dee. 31 1929 283,381 hit, 479 ~ 763 ~0 g ASSET Cash in Banks......... Bonds ..... BLOCKS woconus onsnn Mortgage l.oans .... Premiums Due ......... Accrued Interest < 208 TOTAL, ASSETS LIABILITIES— Reserve for Unearned Premiums................ Reserve for lL.osses........... eee eemees Reserve for Com. Taxes, €tC. ieee Reinsurance Treaties ....._....... eee ememmemeeameeeeeeeaesemeemmeennn Stockholders Dividends oon Reserve for Contingencies........... etme meemeameecememaen Capital ..... JR Surplus RR Sm: vere wep TOTAL LIADRILITIES Y: 4 { 0 i: 0 a0 a re £82 9592 92« 74,523 9.600 0,950 24,977 3.892 42.349 1928 258,891 2,936,693 81,875 75,000 35,321 35.618 8 30,897 77.860 3724 60.000 £00,000 .,010.917 3.423.398 GENERAL CASTALTY COMPANY OF AYERICA HOME OFFICE: 1102 White Bldg. Seattle, Wash. CONTROL: Gen. America Corp. Seattle, Wash, owns 80% outstanding stock, remaining 20% owned by First National Insurance Co. of America, which company is 100% owned by Gen. America Corp. HISTORY: Incorporated under laws of Washington, May 22, 1925, as a subsidiary nf the Gen. Ins. Co. of America and First Nat. Ins. Co. of America to take over rasualty and liability lines of these companies so they could obtain New York state licenses. Control was taken over by Gen. America Corp. in 1929. KINDS OF BUSINESS: Company's charter permits writing liability, accident and health, plate glass, boiler, burglary, sprinkler, leakage, credit, team and vehicle, motor vehicle, except for perils of fire. Never has written accident and health. I'ERRITORY: Licensed in Ariz, Calif, Colo., Conn, Idaho, Ill, Ind. Iowa, Md., Minn., Mo.,, Mont.,, Neb.,, N. J, N. Y., Ohio. Ore., Penn.. Tex... Wash., Wise., Dist. of Columbia and Canada. OFFICERS: H. K. Dent, Pres.; A. S. Eldridge, Vice Pres.; O. H. Beyer, Vice Pres.; Sam G. Lamping, Vide Pres.; Frank B. Martin, Sec.; J. T. McVay. Treas.; 3eo. H. Belt, Asst. Treas.; L. F. Becker, Asst. Sec.; R. H. Baldwin, Asst. Sec. DIRECTORS: O. D. Fisher, C. H. Clarke, J. F. Douglas, A. S. Eldridge, Joshua Green, J. A. Humbird, Henry McCleary, W. L. McCormick, J. P. McGoldrick, Frank I3. Martin, Robt. S. Strong, A. W. Middleton. Geo. J. Osgood, W. H. Talbott, H. K. Dent. Fisenl Year Ends: Dee. 31. Annual Meeting: 3rd Thursday in January. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding CAPITAL STOCK .... .----$100.00 $500,000 $500,000 COMPARATIVE INCOME and DISBURSEMENTS. Years Ending Dee. 31 INCOME— 029 1928 1927 Net Premiums Written............. assnminrnneinsd, subs ST ’ ° 533.194 Interest, Investments, ete. ......_.. - 65.467 33.069 her INCOME causssermmsmmsmsrrsivism spas ¥ 982 TOTAL INCOME fH THOMSON'S MANU AT DISBURSEMENTS— Total Losses Paid. nioeecaeerecemmeceencaeenens need Underwriting and Gen. Expense... Policvholders’ Dividends ....... . ‘99,368 272,365 SCF 1K 338,539 "% 3.361 TOTAL DISBURSEMENTS ......... 048,297 £14,265 Excess Income over Disbursements... . 100,604 “7,792 COMPARATIVE STATEMENT, As of Dee. 31 1929 1928 125,767 $ 18,892 588,585 1,615,617 195,216 5¢ 800 50,000 N00 112,325 73 21,625 71 TOTAL ASSETS ooeeeeeeeeeereeemeeeeeeeee. $2,092 577 53 LIABILITIES— Res. for Unearned Premiums... .._.. BE: Res. for LosseS...cnmnenens Res. for Commissions, Taxes, etc... Reinsurance Treaties ............ Other Liabilities ooooceoeceeoon Tapital Stock eee. ee eemammm em mmmnnnne TOTAL LIARTILITIES woeeeeaeeeeennnn--$2.093.518 $ 217,625 229.377 3/569 © 450,581 116664 1927 § 27,896 666,705 29.925 "782,988 11,376 22,766 $ 828,810 274,375 139,108 27.098 "9,630 200,000 169,938 2 298% 810 GENERAL INSURANCE COMPANY OF AMERICA HOME OFFICE: 1102 White Bldg., Seattle, Wash. BRANCH OFFICES: Chicago. New York (Gen. Agency), Denver, San Francisco, Los Angeles. CONTROL: General America Corp. holds all but directors’ qualifying shares. HISTORY: Incorporated under laws of Washington, April 27, 1923. Commenced business on May 1, same year, with paid-in capital and surplus of $700,750, Shares were sold at $200, $100 applied to capital and $100 to surplus, with practically no organization expense. Control passed to Gen. America Corp. in 1929 BUSINESS: Company writes both participating and non-particinating policies. the latter receiving annual dividends. KINDS OF INSURANCE: Company originally authorized to write all lines of insurance except life and for first two years wrote fire, inland marine, casualty and liability. In 1925 company in order to enter New York was. compelled to cease writing liability lines.” A subsidiary, under name of General Casualty Insurance Company of America, was organized to handle liability and casualty ines. TERRITORY: Company licensed to operate in Ariz, Calif., Colo., Conn., Idaho, [11., Ind., Iowa, Md., Minn.,, Mo., Mont., Neb., N. J., N. Y., Ohio, Ore., Penn, Tex., Wash. and Wisc. Also Dist. of Columbia and Canada. * BRANCH OFFICES: 330 West Adams Bldg. Chicago. Western Pacific Bldg. Los Angeles. Standard Bank Bldg. Vancouver, B. C. Russ Bldg.. San Francisco. U. S. National Bank Bldg., Denver, Colo. OFFICERS: H. K. Dent, Pres.; Geo, J. Osgood, Vice Pres.; J. F. Douglas, Vice Pres.; Sam G. Lamping, Vice Pres.; Frank B. Martin, Sec.: J. T. McVay, Treas.; Geo. W. Belt, Asst. Treas.; R. W. Baldwin, Asst. Sec.; L. F. Becker, Asst. Sec. DIRECTORS: O. D. Fisher, Chairman; Joshua Green, J. F. Douglas, J. A. Humbird, Frank B. Martin, A. W. Middleton, Henry McCleary, J. P. McGoldrick, W. L.. McCormick, F. C. Talbot, Geo. J. Osgood. A. S. Eldridge, W. H. Talbot. F. R. Titcomb, H. K. Dent. Fiscal Year Ends: Dec. 31. Annual Meetinz: 3rd Thursday in January. Number of Fmployes: 264. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Qutstanding CAPITAL STOCK occeeeeeeeaneepemeesceemmeeee $100.00 $1,000,000 $1,000,000 Dividends: Paid quarterlv (Jan., Apr.. July. Oct. 1). 1928, 9%: 1929. 13%. COMPARATIVE STATISTICS [ns. in Force Admitted Assets Met Premiums Cap. & Surplus $ 18,194,951 $1,466,002 479,896 $1,265,812 21,246,843 1,958,753 ,463,670 1,385,947 127,605,179 3,189,296 1,629,588 2,021,359 226,972,613 4,139,709 2,738,210 2,004,072 314,136,128 5,516,448 3,880,185 2,228,128 383,995,941 6,171,900 4,082,452 2,375,830 E4R 005 EER £.372.783 5.720.926 2.293.475 'NSURANCE COMPAN COMPARATIVE INCOME and DISBURSEMENTS, Dee. 21 INCOME— 1929 "928 Net Premiums Written.............................. 12,623,807 oC Interest & Rents......... emeeoceemenanaeannan 185,646 Reinsurance Treaties oo. Sale of Ledger ASSetS......ooicooiiai. dther Income ..... TOTAL INCOME DISBURSEMENT®-Total Losses Paid... drain Seneral Operating Expense... Dividends to Policy Holders.......... Reinsurance Treaties ............. Dividends to Stockholders............ Jther Disburesments ._... TOTAL DISBURSEMENTS ieee , 754,764 ,T0L,e LU Excess Income Nver Disbursements........ $§ 252,432 100,306 TMPARATIVE STATEMENT, As of Dee. 31 1929 1928 165,088 584,473 “32,001 2,956,820 ‘0 ‘RE 019,962 "E62 “16 § 5.427 ASSET Tash .... Fonds ... StOCKS ceeenennens Vlfortgage Loans Premiums Due Accrued Interest .... Vise. Assets LL TOTAL oe. LIARILITIES— ['nearned Premium Reserve. .............. Reserve for Losses... J Reserve for Commissions & Taxes... ... Reinsurance Reserve Policyholders Reserve . Reserve for Dividends.................c........ Reserve for Contingent Com’s............. Reserve for Contingencies... Capital Stock .... surnlus oi 4 039.802 65,506 97,955 2,099 2,944 Ig Off ‘eR BY TOTAL, 1927 3,201,053 160.737 253,213 0.456 A bE «61 1927 306,439 465,698 567,832 ~K5 1 14,919 5.609.335 232,354 67,231 £6,318 253 504 3,830 035 +, 000 C298 128 5 609 335 NORTHWESTERN MUTUAL FIRE ASSOCIATION HOME OFFICE: Central Building, Seattle, Wash. BRANCH OFFICES: Spokane, Tacoma, Portland, Vancouver, B. C., San Francisco, Los Angeles, Salt l.ake City, Phoenix, Ariz., Denver. Colo., Hamilton, Ontario, and many other cities. HISTORY: Incorporated under laws of Washington April 6, 1901. The late F. J. Martin organized the company and was its president until his death in 1928, ouilding it into what is said to be the second largest mutual fire insurance company in the world. RUSINESS: All heavy line and special hazard business, such as factory, lumber and sprinkler risks written exclusively by salaried inspectors. General lines mercantile, dwelling, farm risks), written through commission agents. Policyholders receive annual dividends, approximately 259% of annual premium. KINDS OF INSURANCE: Company writes fire, tornado, earthquake, sprinkler, use and occupancy, inland marine, full automobile coverage. FERRITORY: Company is licensed in all the states of the Union except Nevada and New Mexico, and all provinces of Canada. SUBSIDIARIES: Northwest Casualty Co., Seattle; Martin General Agency, Seattle. Wash.; Pacific Millers Insurance Dept. OFFICERS: J. H. Edwards, Chairman; Corwin S. Shank, Vice Chair.: M. D. L. Rhodes, Pres.; H. W. Schnell, Ex. Vice Pres.; B. H. Lewis, Vice Pres.; A. Y. Baker, Vice Pres.; H. J. Bergren, Asst. Vice Pres.; R. R. Forbes, Asst. Vice Pres.; Alvord 3. Martin, Asst. Vice Pres.; J. J. Beall, Secy.; L. D. Brill, Secy.: W. J. Gould, Asst. Secy.; G. H. Thompson, Asst. Secy.; L. W. Potter, Asst. Secy.: D. J. Coleman. Asst. Secy.; S. E. Smith, Treas.; L. C. Downing, Asst. Treas RENFRAL COUNSEL: Corwin 8S. Shank, Seattle. Number of Employees: 600 (including affiliated companies). Net Dividends Net Losses Premiums to Policyholders Paid 5,253 964 137,926 49,734 40,342 159,436 70,804 264,186 49,317 538.322 18,126 1.369,195 LU73.661 1 995 164 16 THOMSON'S MANUAL COMPARATIVE STATEMENT, As of Dec. 31 1929 1928 466,812 $ 533,196 2,879,197 2,687,000 "44,841 128,213 FO 650 "4,240 © 264 1,197 2,925 c°02F ASSETS— Cash ........ Bonds .oooeeeennes CER RRRa Mortgage LOans cima. Real Estate ieee cee Premiums DUE .eereeeeeemereee mr eeenenaes [Interest DUe eid aimiaeaees Reinsurance Due TOTAL ASSHTE ....ccmccsimsmmmizansncononuuinnoss LIABILITIES— Reserve for LOSSES. Reserve for Unearned Premiums.............. Policyholders Dividends ....cmmmmnneneee Salaries & Rent... RRR essa Reserve for TaXeS. i cimeecorcaecaenenne Contingent Commissions ......... ... .. Reinsurance Treaties ...... A Premium Deposits .oooeeeeee. orem RERREE Reserve for Contingencies cco... Surplus ceemeneen. eeemeamnmmmaneeeanens TOTATI, ILTARTLITIES ___. 1927 ' 398,928 2,505,355 359,308 105,190 237,221 51,928 80.622 026,245 158,601 £7,981 "2,671 293 R29 “op 76 a7 360 333 239 800 302 «,000 1.006.726 209,265 710,816 11,791 15,084 79,182 34,022 45,262 15,921 52,500 852.399 24.026.245 4 4 7TR4 49 64 298 035 OREGON MUTUAL FIRE INSURANCE COMPANY HOME OFFICE: 248 Third Street, McMinnville, Ore. HISTORY: Incorporated under laws of Oregon Dec. 29, 1890, as the Oregon Fire Relief Assn. Name changed in 1929. BUSINESS: Company writes only fire insurance and fire and theft on automobiles, for members only, without mutual contingent liability. Writes both assessable and non-assessable policies, both participating and non-participating, using Pacific Coast Board Rates on mercantile building and apartments: its own rates pn other classes. TERRITORY: Company is licensed in California, Idaho, Utah, Oregon and Washington. DFFICERS: W. C. Hagerty, Pres.; Chas. Cleveland, Vice Pres.; L. M. Waugaman, Secy.; E. C. Apperson, Treas.; J. H. Nelson, Asst. Secy. DIRECTORS: Thomas B. Kay, Chas. Cleveland, Frank W. Fenton, H. H. Hewitt, BE. C. Apperson. W. C. Hagerty. J. H. Nelson. Admitted Net Cash Unearned Assets Surplus Premiums 3500,512 $136,512 $352,333 ee rareeaaaee oe wees 3D8,512 200,846 345,188 ee eeeeeeaansmenneeee 536,653 220,155 388,349 eee en amman cena 712,237 279,162 “07,118 mmm naman SLESEERR 725,331 282,150 .16,838 eee eeeeaonnnmnenneees 136,472 276,150 128,904 COMPA™ '° “WER STATEMENT, As of Dee. 31 1929 1928 $590,777 81,932 58,000 900 “2,502 80 1713 .51 J0¢ 10 £8 ) 22 Net Prems. etc., Written $318,423 340,300 424,576 108,160 137.375 470 704 ASSETS— State and Municipal Bonds... Real Estate ..cocooemeen Cash in Bank... Agents’ Balances ...... Mortgage Note ..oorieenen. Due from Other Companies. Accrued Interest ........ Non- Admitted Assets 1927 $573,638 60.000 19,749 15.518 6,000 1,982 5.333 5.878 $718,110 407,330 11,300 14,450 5.878 279.162 e712 110 f wd 202 730.833 RESERVES— Reserve for Unearned Premiums _.... Reserve for LOSSES .curecomenienecaenee Reserve for Taxes & Claims... Non-Admitted Assets emma neem ———— Surplus « ereanenenn nae ann REE ' § 504 or 1€,838 13,700 12,643 5,502 282,150 ¢720).833 v,514 276.150 e749 TRA TOTAT, a PACIFIC COAST FIRE INSURANCE COMPANY HOME OFFICE: 325 Howe St., Vancouver, B. C. CONTROL: By Century Insurance Co., Edinburg, Scotland. HISTORY: Incorporated under laws of British Columbia, 1890. Reincorporated ander charter from Dominion of Canada in 1908. i KINDS OF INSURANCE WRITTEN: Fire, marine. accident. automobile. tornado. sprinkler leakage. explosion. earthauake UR "NCE COMP "» I'ERRITORY: Company maintains agencies in Alberta, British Columbia, Manitoba, Ontario, Quebec and Saskatchewan, in Canada, and in California, Oregon and Washington, U. S. A. OFFICERS: W. H. Malkin, Pres.; T. W. Greer, Managing Director; Thomas Reed, Treas.; F. H. Godfrey, Sec.; all of Vancouver, B. C. DIRECTORS: W. H. Malkin, Chris Spencer, Robert Gelletley, T. W. Greer, all of Vancouver, B. C.; H. J. Tapscott, London, England; C. B. McNaught, Toronto. Ontario; G. M. Black, Winnipeg, Manitoba. Fisenl Year Ends: Dec. 31. Annual Meeting: Second Wednesday in March. CAPITALIZATION, As of May 31, 1930 Par Value Authorized Outstanding CAPITAL STOCK ._....iiiiiiiiineenceeeeees. $5.00 $1,000,000 $650,000 Dividends: 1908 to 1913, incl, 10% regular with 29% extra in 1910, 1911, 1912; 1914, 59%; 1915 to 1918, none; 199, 6%; 920 to 1924, none; 1925, 5%; 1926, 6%; 1927, 7%; 1928, 89%; 1929, 13%. } Number of Stockholders: 12 (Century Insurance Co. owns 129,645 of the 130,000 nutstanding shares). COMPARATIVE STATEMENT, Ax 1926 90,5" "8,212 290 209 Son Mortgage Loans o.oo. Bog) BSiBYI® cums wpocammpespmpapos Interest Due oii Funds in London......... er emeememannns Mash in Bank..ooesseesnavsmmsemassssess Due from Other Ins. Cos....ooooooeienan.. Agents’ Balances ... 1027 033,777 270.288 1.000 “Tay i { TOTAL ASSET® LIABILITIES Capital Stock .... Surplus ...... . Res. for Unearnea » Res. for Agents’ Balances Losses Outstanding ... Due Other Ins. Cos....... Reinsurance Reserves Other Liabilities ....... Dividends Unpaid ...... TOTAL LIABILITIES i AO 824 +3. 456 uv 047 853 42 .788 +1. 766.810 UNITED PACIFIC CASUALTY INSURANCE COMPANY HOME OFFICE: Exchange Building, Seattle, Wash. BRANCH OFFICES: Tacoma, Wash.; Spokane, Wash.; Portland, Ore. CONTROL: United Pacific Corp., Seattle, Wash., owns 749% capital stock. HISTORY: Incorporated under laws of Washington March 20, 1928. Commenced business April 1, 1928. Reinsured business of Automobile Owners Inter-Insurance Association, Mar. 31, 1928. KINDS OF INSURANCE: Company writes full coverage on automobiles, burglary, plate glass, liability, boiler, explosion, fidelity and surety, property damage, accident and health. I'ERRITORY: Company licensed in Wash. Ore., Idaho, British Columbia. DFFICERS: R. M. Drumheller, Chairman; J. W. Reynolds, Pres.; Ben B. Ehrlichman, Vice Pres.; Thomas G. Hammond, Vice Pres.; George C. Huskins, Vice Pres.: Frederick A. Wing, Vice Pres.; Charles T. Hutson, Secy.; George H. Boldt, Asst Secy.; J. Emmet Nestor, Asst. Secy. & Treas.; Walter H. Tuesley, Asst. Treas. DIRECTORS: J. C. Bowles, R. M. Drumheller, Ben B. Ehrlichman, R. I. Ehrlichman, Eugene B. Favre, Thomas G. Hammond, Wilmer C. Hewitt, F. W. Hurlbut, Charles T. Hutson, Wm. P. Matthaei, J. W. Reynolds, Henry A. Rhodes, Frost Snvder, W. H. White, Frederick A. Wing. CIPITALIZATION, As of Dee. 31, 1929 Par Value Authorized Outstanding CAPITAL STOCK ___...._..... ernrmmemaemeemremneeeeens 1OQ $300,000 $300,000 Note: Original capital was $200,00 (2000 shares par $100, fully paid) with $200,-000 surplus paid in. In 1929, 1000 additional shares were issued at $250 per share, increasing paid up capital to $300.000. surplus $300,000, and contingent reserve $50,000. COMPARATIVE INCOME and DISBURSEMENTS, ¢ INCOME— Net Premiums Written... ieee. Interest & Investments... iin Other Income .............. eee eeeeceaeecememaeeamameeeemeaean TOTAI, INCOM THOMSON'S MANUAI DISBURSEMENTS-Total Losses Paid cooimiiaiae Underwriting and Gen. EXD TOTAL DISBURSEMENTS ieee eee Excess Income over Disbursements. .....cooomceeeconceacass 416,986 516,402 933,388 37.300 $ 92,881 230,736 $ 323,517 201.620 COMPARATIVE STATEMENT, As of Dec. 31 ASSETS— MOTLEAEE LUOAIMS oon eee enone Bohds -.....- mmemeanaenn STOCKS coecmemmemrenns = eee eee ieee emnemmmeeanaeeeeeseaeneaaannan Cash conminnmmnmsen eeemeeaemnemmmemmmemeseemia emceseaseemsmesssescasesesiocsooos Premiums DUE eeceeiciiommeemamrmeeaee cess cmce nam anas ans amass aa nana snenes Accrued Interest DUe€..eeoecoiicmaniiicaann eee eee CHETIET A BBOLE «ore vomummnn ssn 6555508 554 RR SH HE om 8 A LIABILITIES— ReSerVe TOT JUOSSeS. tm iiiiiiireeaere imran aeneeiaees Unearned Premiums .............- eeeeamneemmamnaen—annae Accounts Payable oo cies ea Reserve for Taxes......... REE ESS a me ms SATE REINSUTANCE eomeemmmnncocomsemmcnammnnsssmmesstmemamnnmnsnrrnnenanas Reserve fOr LOSSES ii cnn Capital STOCK reenter TOTAL LIABILITIES ieee 1929 11,900 834,726 145,822 126,018 156,424 13.176 1 288.066 42,971 490,602 5,030 111,500 19,117 14,384 300,000 300.000 21.288.066 1928 $ 465,376 116,840 39,894 87,644 8,424 3.034 ee 791.112 $ 40,986 211,319 3,003 5,504 2,187 58,113 200,000 200,000 2 791112 WASHINGTON FIRE & MARINE INSURANCE COMPANY HOME OFFICE: Securities Bldg., Seattle, Wash. CONTROL: By Washington Insurance Securities Corp., Seattle, Wash. HISTORY: Incorporated under laws of Washington Oct. 1, 1929. BUSINESS: Company writes fire and automobile insurance. OFFICERS: Stuart G. Thompson, Pres.; I. W. Elwell, Vice Pres.; Ralph Hall, Vice Pres.: John E. Burkheimer, Secy.; George E. Morford. Treas.; W. C. Carlson. Asst. Secy.-Treas., all of Seattle, Wash. DIRECTORS: Chas. F. Clise, Pres. Securities Mtg. Co.; T. A. Davies, Pres. T. A. Davies & Son, Inc.; E. W. Campbell, Pres. 01d Colony Inv. Co.; Jno. E. Burkheimer, Burkheimer & Burkheimer, Attorneys; Geo. BE. Morford, Pres. F. W. Keen Co.; Cassius E. Gates, Bogle, Bogle & Gates; Henry W. Beecher, Mgr. C. C. Moore & Co., Engineers, Inc, all of Seattle; Wm. P. Hopping, Vice Pres. Tacoma Sav. & Loan Assn.; S. L. Savidge, Pres. S. L. Savidge, Inc., Seattle; P. G. Johnson, Pres. Boeing Airplane Co., Seattle; Walter H. Draham, Vice Pres. Olympia Nat. Bank; A. G. Pringle, Vice Pres. The Seattle Co.; Stuart G. Thompson, Pres.: J. W. Elwell, Vice Pres., all of Seattle, ‘Wash. GENERAL COUNSEL: Bogle, Bogle & Gates, Seattle, Wash. GENERAL AUDITORS: Smith Robertson & Co, Seattle, Wash. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in March. CAPITALIZATION, As of June 1, 1930 Par Value Authorized Outstanding COMMON STOCK eeoeeeeeeeneeaeaenecnoeennesneee 9100 $300.000 $300.000 NOTE: All Common sold at $200 per Seattle, Wash. . share. Stockholders: All stock but direc-Transfer Agent: Pacific National tors’ qualifying shares held by Wash-Sank. . ington Insurance Securities Coro. Pevistrar: Seattle Trust Co FINANCIAL STATEMENT, As of Dec. 31. 1929 ASSETS “ash in Banks. ccomeeeeecceeeeeeee. $32,862 Mortgage LOANS .eocciimennnens 9,700 Stocks and Bonds. ....ceeecaeeeeeee 502,062 Premiums Due oie 1,70¢& Accrued Interest .oocooiiiiiiiieees 4.562 TOTAT., ASSETS oo... %550.895 _TABIT.ITIES [Losses Unadjusted een d 129 Unearned Prems. eames 10,135 Dther Reserves co. occeemececccmonees 764 Capital Stock ... -ececcecceececeeane 300,000 Net Surplus ..... eeeeeanio2 239.865 TOTAT., T.JABILITIES .o.....$539.865 'NSURANCE COMPANTT: UNITED PACIFIC FIRE INSURANCE COMPANY HOME OFFICE: Exchange Bldg. Seattle, Wash. BRANCH OFFICES: Tacoma and Spokane, Wash.; Portland, Ore. CONTROL: United National Co., Seattle, Wash., owns all but directors qualifying shares. HISTORY: Incorporated under laws of Washington Oct. 7, 1929. Company was launched without promotion expense, and is a running mate to the United Pacific Casualty Insurance Co. KIND OF INSURANCE: Company writes fire, earthquake, inland marine, hail, rain, tornado, sprinkler leakage, explosion and riot insurance. TERRITORY: Company licensed in Washington, Oregon and Idaho. DFFICERS: R. M. Drumheller, Chairman; J. W. Reynolds, Pres.; B. B. Ehrlichman, Vice Pres.; Frederick A. Wing, Vice Pres.; J. E. Nestor, Treas.: W. H. Tuesley, Asst. Treas.; Charles T. Hutson, Secy.; George H. Boldt, Asst. Secv. DIRECTORS: Ben B. Ehrlichman, J. W. Reynolds, R. I. Ehrlichman, Charles T Hutson, R. M. Drumheller. Fiscal Year Ends: Dec. 31. Annal Meeting: Last Monday in January. CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized Outstanding eee 8100 £100,000 $400,000 STATEMENT, As of March 31, 1930 1LIABILITIES— Sundry Accts. Payable..................y 5.532 Jommission Accrued 2,938 Contingent Reserve ...................... 189.645 Capital Stock ... eteeenerrnanneeeae 400,000 surplus . cree. 400000 CAPITAL STOCK ... ASSETS— Cash on Hand and in Banks......§ Premium Accounts Receivable [‘'nited General Agency.. Bonds ..... Stocks... [ncrease Mkt. V-lue Accrued Interest _... TOTAL ee RNR 115 WASHINGTON TITLE INSURANCE COMPANY HOME OFFICE: 114 Columbia St., Seattle, Wash. HISTORY: Incorporated under laws of Washington, April 26, 1911. Operates ander state insurance code. BUSINESS: Company. issues policies of title insurance, handles real estate escrows, provides tax registration service and, through subsidiary companies. issues abstracts of title. SUBSIDIARY COMPANIES: Company maintains the following subsidiary companies as living corporations to provide for agencies in accordance with the Insurance Code of the State of Washington: Chelan County Abstract Co., Clallam County Abstract Co., Longview Title Co., Osborne, Tremper & Co., Inc. Seattle Title Co., Skagit County Abstract Co., Snohomish County Abstract Co., Wenatchee Abstract Co., Whatcom County Abstract Co., Whitman Abstract Co., and Yakima Abstract & Title Co., all in State of Washington. OFFICERS: Worrall Wilson, Pres.; L. 8S. Booth, Vice-Pres. and Treas.: E .C. Oggel, Vice-Pres.; H. 3. Tremper, Vice-Pres.; C. K. Poe, Vice-Pres.: Charlton L. Hall, Sec.-Mgr. DIRECTORS: I. 8S. Booth, Charlton L. Hall, Paul C. Harper, Earle R. Jenner, E. C. Oggel, Reginald H. Parsons, C. K. Poe, E. L. Skeel, H. S. Tremper, Worrall Wilson. Fiscal Year Ends: December 31. Annual Meeting: Second Tuesday in Januarv Number of Employees: 167. PIM ALIZATION, Dec. 31, 1929 Par Value Authorized Outstanding 1. 6% Class “A” Stock........ eeeeeeeee $100 7,500 Shs. 7.500 Shs. 2, Common Stock ......... eens eee. $100 6.000 Shs. 6.000 Shs. NOTE: In 1926 Company issued a 209% stock dividend pavable in common stock increasing capital to $600,000. In 1929 capital increased from $600,000 to $1,350,000 and “Class A Participating Stock” in the sum of $750,000 authorized. $600,000 of this was issued to common stockholders as a 100% stock dividend. Remaining $150,000 of the “Class A” stock was sold for cash at par. and proceeds used to acqguire subsidiarv companies TOTAL .... QR 1 D 1. CLASS “A” PARTICIPATING STOCK. Provisions: Holders entitled to pref- in additional dividends. erence as to dividends in amount of 69% In case of dissolution, Class “A” per annum. After common stockholders Stock is entitled to preference as to have received a like amount, two assets to extent of $110 per share. classes participate equally, share for After common stockholders in the furshare, in any additional dividends until ther distribution of assets receive $100 total dividend paid to holders of Class per share, remaining assets to be dis-“A” stock equals 109%, after which the tributed ratably, share for share, to “lass “A” stock no longer participates hath classes of stock until Clase YA" THOMSON'S M:? Loew receives total of $125 per share, thereafter all remaining assets distributed to common stockholders. No mortgages, liens or other incumbrances may be created, except purchase money mortgages, and no stock having preference or priority over the Class “A” can be issued without consent of owners of majority of shares of the Class -“A” Stock. No additional Mlass “A” can be issued without the consent of preference holders unless and until net profits of Company for 12 months preceding the issue have amounted to one and one-half times preference dividend requirements of 5% on Class “A” Stock which would be Jutstanding after additional issuance. Rights: Stockholders have preemptive rights of subscription to $600,000 Class A Stock, whenever issuance thereof is authorized. Callable: At 125 on 60 days’ notice, with consent of State Insurance Commissioner. Voting Power: Has no vote except in the event of non-payment of dividends 2. COMMON STOCK. Provisions: Entitled to 6% dividends Voting Power: Has one vote per after Class A Stock and participates share except as stated under Class A. equally share for share in further divi- Dividends: (Payable quarterly, Jan, dends until common and Class A have Apr., July, Oct. 1.) 1912, $4.60; 1913, $6.00; each received 10%; further dividends 1914, $5.75; 1915, $2.75; 1916, $3.75; 1917, are payable to common only. Entitled $3.00; 1918, $7.50; 1919, $9.00; 1920, $8.00; to $100 in liquidation, after Class A has 1921, $8.00; 1922, $8.00; 1923, $8.00; 1924, received $110 and participates equally, $10.00; 1925; $10.00; 1926, $15.00; 1927 share for share, in remaining assets $15.00: 1928, $12.50; 1929, $12.50. until Class A has received $125; re- Transfer Agent: The Company. maining assets to be distributed to Registrar: Seattle Trust Company. common. Number of Stockholders: 148. COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 EARNINGS— 1929 928 Title Insurance Premiums .. ae 121 - 963 ADSEYACES, coommmmemmemcaommmmrmssmssnscmsnmmsremsmaanmtannses =o id 791 Tax Registration, Escrows, Etc... ‘ Commissions Received oa eee em———a nn em EAS Dividends, Interest and Rentals. oe ccccraemnnnns Sundrv Receipts acocimimeenees See 1927 $475,880 51,096 31.349 8.007 48,148 13.015 5,874 £12,462 ~13,412 .7 96.000 $ 23,412 "76,000 ¢ 12.90 GROSS EARNINGS .ceiemirinnanenann Operating Expense, Taxes, TRC even mivisninnnsins Net Earnings -cccoeceeeeeemcceeene = Common Dividends Paid. ....ccooemeeeeaee Oi Surplus for Year ein Class “A’ Shares Outstanding. ......ooceeieroeaneens Common Shares Outstanding... ooreeennens Earned Per Share iii eeieacanninees On combined class “A” and ccmmon. COMPA™ "7 VE STATEMRNT. As of Dec. 31 ASSETS— 1929 1928 TASH ooeeeeeoocaemmaeoceeeeomcmsssasomeseszassesmssosiessosasssassssesessooos 2,911 243,865 Securities with State Treas.......cooecomiimiieciuennes £9,650 203,650 Bonds and Mortgages on Hand... —reeeeee 7 866 “44,281 Accounts Receivable aot © eennnieneneen 291 +1,146 Title Plants ccceeccccomoen + 0 mmeecomssmmmmemsesiomsenn vr “6 900 Real EState ocean ceneeenee Real Estate Contracts .iiienannaer Prepaid INSUTANCE coo ecmmesaienns crmnossenssesess Miscellaneous Assets CENER IRE SE mmm nan pond A TOTAL ASSETS eimai LIABILITIES— Class A Stock... Common StoCK ieee Surplus and Undivided Profits. .ccocceeiaamann. Reserves (Taxes, Losses, Bted oo... een Contracts Payable ........... nnenmmennmanys SHEERS Rserow Liability einem enannonoooenee vOTAT, LIARILITIES __.... 025 .,500 6,000 0 Na 180 6,000 19 28 1927 251,035 201,560 437,406 142,238 “90.000 4,150 2.661 ¢1 9EQ (FR 600,000 400,000 219.582 TRG 574 21 25 905A 60.894 “1 211 45 SECTION 1V. LUMBER and TIMBER COMPANIES Including all lumber and timber companies in the Pacific Northwest whose securities are in the hands of the public. AMERICAN TIMBER HOLDING COMPANY GENERAL OFFICE: 1st Nat. Bank Bldg. Milwaukee, Wisc. HISTORY: Incorporated under laws of South Dakota, Feb. 1, 1909. BUSINESS: Duying and selling timber lands. Organizers turned in 600 million feet of timber in return for common stock. PROPERTY: 125,000 acres timber land in Oregon and British Columbia said to cruise about 300 million feet. DFFICERS: M. J. Scanlon, Pres.; F. J. Schroeder, Vice Pres.; C. P. Mayer, Vice Pres.; C. A. West, Sec.-Treas. } DIRECTORS: M. J. Scanlon, Minneapolis, Minn.; M. I3, Webber, Winona, Minn.; Jas. A. Carley, Plain View, Minn.; E. E. Pinney, Cedar Rapids, lowa; F. J Schroeder, W. C. Parker, Geo. A. West, C. P. Mayer, Herman Falk, E. G. Wunster C. P. Tinkham, all of Milwaukee, Wis. Fiseal Year Ends: Dec. 31. Annual Meeting: 2nd Thurs. ‘r CAPITALIZATION, As of Dee. 31, 1929 ar Value Authorized . 100 $5,000,000 - in svevanen BLU0 $1,000,000 6% CUMULATIVE PREFERRED STOCK _ Provisions: In addition to cumula- as dividends. tive dividends at 6% per annum, is en- Dividends: Accrued dividends Jan. titled to % profits derived from sale of 1, 1912, incl, were paid in 192¢ and all timber owned by the company, in- 1925; none since. cluding that turned in for common Transfer Agent: The Company. stock. Preference as to assets as well COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 1929 928 1¢ 22 4 “Th Gross Revenue o.oo... .ess: Value of Timber Sold... Operating Expense .. Net Operating Loss ...... Dther Income ..............._ Balance ................ [nterest, Amortization. ete, Net Loss for vear --. , 00,0 vu COMPARATIVE (CONSOLIDATED RAF ANCE © “IT. As of Dec. a0 Cash SERRE RRR TEE TAS Accts. and Notes Receivable... Contracts ............ Timber Holdings Furniture and Fi TOTAL ASSF-LIABILITIE Preferred Stock Common Stock . Notes Payvable .._... Other Liabilities ... eames Judgment Payable ___..... Surplus ..... LL Ce emma an mannan TOTAL, LIART.ITIES need oo 04 ne on HE 9g 212 5 + 190 645 $4 21 £55 A) Dg . 0.53540 090,000 1.500 1.942 Ten SN ey THOMSON'S MANUAL ANDERSON & MIDDLETON LUMBER COMPANY OF OREGON GENERAL OFFICE: Cottage Grove, Ore. HISTORY: Incorporated under laws of Washington, in 1923. BUSINESS: Owning and operating sawmills, timber lands and logging camps. PROPERTY: Company owns two sawmills at Cottage Grove, Ore, with combined daily capacity of 210,000 feet; 2,643 acres of land and timber owned in fee; timber only on 1,176 acres, located in Lane County, Oregon. Holds cutting contracts on 1,784 acres and contract with the U. 8S. Dept. of Agriculture for timber on 5,900 acres in the Umpqua National Forest, all available to company’s operations. SUBSIDIARIES: Company owns all capital stock and bonds of Oregon, Pacific & Eastern Railway Co., capitalized at $200,250, with $330,361 in first mortgage bonds outstanding on Mar. 31, 1930; operating 20 miles of main line, and 9 miles of secondary track, out of Cottage Grove to company’s timber holdings. OFFICERS: S. M. Middleton, Pres.; W. H. Abel, Vice Pres.; G. E. Anderson, Sec.: H. N. Anderson; Jr., Treas. DIRECTORS: W. H. Abel, G. E. Anderson, Henry N. Anderson, H. N. Anderson, Jr., S. M. Anderson, A. W. Middleton, all of Aberdeen, Wash. RECEIVERSHIP: On Dec. 1, 1929, company defaulted interest on its $630,500 ‘irst mortgage bonds. On Jan. 1, 1930, a bondholders’ protective committee was formed. On Jan. 22, 1930, U. S. District Court at Portland, Ore. appointed Geo. T. Gerlinger as -eceiver, with authority to issue receiver's certificates in payment of current iabilities. PROTECTIVE COMMITTEE: Thomas F. Gleed, Ralph T. King and T. Henry Boyd; address, 222 Pacific Bldg. Portland, Ore. CAPITALIZATION: Par Value Authorized Outstanding Common SOCK coco. ceeeeeeeeeeeaeeamreeeennnen- $100 $1.400.000 $1,400.000 DIVIDENDS: None paid. BALANCE SHEET, As of Oct. 31, 1929 ASSETS LIABILITIES Durable Fir Lbr. CO. cceeeeeeeeeee.d 29,086 Accounts Payable _.............- 3,721 Notes Payable __... 95,000 Payrolls ........c.... 1,116 Taxes Accrued ...... 8,590 ‘nterest Accrued 19,180 Bank Overdraft . 1,610 funded Debt coves 630,500 Capital Stock aceeiiiiiiees 1,400,000 BNTOIUS cern evmmissssmpmmee sven 233.705 TOTAT, I.TARIILITIES . .......$2.430.97& CAS ceceeereee cee meee $ Accounts Receivable _............ Advance to Forest Service........ [nventories omovies 0. P. & E. Ry. Co. Bonds, e™... U. 8S. Gov. Raond-Plants ....... Logging Equicmert Railway Equipmen: Camp Bldgs. etc. Lo Timber Account .... . J84,048 Neferred Accounts 60.133 TOTAL ASSETS oieeeenen2-..$2.430.978 . FUNDED DEBT First Mortgage & Collateral Rate Dated Due Authorized Outstanding Tr. Sink. Fund Gold Bonds.... 6%% 6-1-25 6-1-37 $1,000,000 $630,500 Interest Payable: June and Dec. 1, M on all lumber cut in company’s mills, at trustee's office. other than logs from company’s fee Trustee: Portland Trust & Savings timber. 3ank, Portland, Ore. Security: First mortgage on saw-Sinking Fund: $3 per M on all tim- mills and all timber owned in fee; all ber owned in fee as cut; $1 per M on timber contracts: $300,000 first mortall contract timber; 50c per M on logs gage bonds and all Common stock of hauled over O. P. & FF. Rv and 50¢c per 0O P & EF. Rv. AIRCRAFT PLYWOOD CORPORATION GENERAL OFFICE: 1319 West Nickerson St. Seattle, Wash. HISTORY: Incorporated under laws of Washington, Julv 1. 1929.. succeeding Gould Lumber Co., incorporated 1910. BUSINESS: Manufacturers of veneer and plywood, primarily for use in aircraft and automobile body manufacturing. Also operate sawmill manufacturing general lumber specifications. PROPERTY AND PLANTS: Company owns 9-acre site on Lake Union canal, in Seattle, on which there is a veneer plant, with daily capacity of 200,000 square feet of veneer and 70,000 feet sliced spruce. Also sawmill, 115.000 feet daily zapacity. SUBSIDIARIES: 519% Washington Veneer Co., Olympia, Wash. acquired in Nov. 1929, MANAGEMENT: J. L. Peters, Pres.; E. C. Metzger, Vice Pres.; J. C. Sams, Sec.-Treas., all of Seattle, Wash. DIRECTORS: Lawrence M. Arnold, A. H. Gould. J. 1. Peters. E. C. Metzger. J. C ams .UMBER AND TIMBER COMPANIES GENERAL COUNSEL*+* McMicken, Ramsey & Rupp, Seattle, Wash. Number of Employes: 500. TAPITALIZATION, As of Mar. 1, 1930 Par Value Authorized I. Cum. 7% Preferred Stock............... $100 $1.500,000 2. Common Stock .. wren LAL 30,000 shs PREFERRED STOCK ter Horton Nat. Bank. Registrar: Metropolitan Nat. Bank, Seattle, Wash. Public Offering by: First Securities Co., Seattle, Wash., July, 1929, at par and bonus of 1 share Common stoclk. 1. CUMULATIVE 7% Provisions: Takes preference over Common stock as to 79% cumulative dividends and as to assets in event of liquidation. Dividends: 7%, semiannually, Jan. and July 1. Transfer Agent: First Seattle Dex-BALANCE SHEET, As of March 1 ASSETS 22,814 16.502 600 5.245 0.050 15,531 25,869 4.286 06,890 272.614 1.250 242,000 501.250 134,293 *1,502,196 FUNDED DERT, First Mortgage Sinking Rate Fund Convertible Gold Bonds....61% % Interest Payable: Jan. & July 1 by rrustee, Trustee and Registrar: First Seattle Nexter Horton National Bank. Registerable: As to principal only. Denominations: $1,000, $500. Callable: As whole or in part on any interest date, 3 vears after issue on 60 lays’ notice at 103 up to and including Jan. 1, 1932, decreasing 4 9% each vear thereafter. Convertible: Up to July 1, 1934, 10 shares 79% Cumulative Preferred and 10 shares Common stock for each $1.000 hond. at holder's ontion. Cash eeennns Accts. & Notes Rec. ...._ ce Jom. Stock Subscription...... ..._. Interest Accrued ......... Dividends Receivable _. [nventories .......... {fash with Trustee.. Deferred Charges . Real Estate .... Sawmill Office Furniture ...... Cl een Veneer Plant Construc.ion...... Stock Wash, Veneer Co. ........ Dther Assets .... TOTAL ASSETS _. Accounts Pavaw. Notes Payable .. Pref. Dividends ~ Accrued Payroll: ‘ns. Payable _... Accrued Interest Funded Debt _... Preferred Stock ....... Common Stock ..... Deficit .... __. TOTAL LLIARILLITIES $3,821 25,000 28,919 9.692 512 1.895 30,000 02,500 600 687 1. 502 196 x of Dec. 31, 1929 Dated Due Authorized Outstanding 7-1-29 7-1-44 $400,000 $400.000 Sinking Fund: Commencing July 1, 1932, company sets up sinking fund calulated to retire 759% of issue by maurity, at rate of $12,500 each six months to purchase bonds in market or 2y lot at call price. Tax Status: Company pays 2% nornal Federal income tax. Security: Closed first mortgage on all fixed assets. Legal Opinion by: McMicken, Ramsey & Rupp, Seattle, Wash. Offered by: First Securities Co. in July, 1929. gat £99.50. BEAR CREEK LOGGING COMPANY GENERAL OFFICE: Portland, Ore. HISTORY: Incorporated under laws of Oregon, 1923. Began operations in July, 1925. Capital stock owned 409% each by Daniel Kern and John Kiernan and 100 cach by J. HL. Wood and H. H. Fisher. BUSINESS: Furnishes logs to the Portland and Columbia River mills. PROPERTY: Approximately: 3,400 acres of timber land in Oregon, 25 miles from Portland, originally containing 220,300,000 feet of timber. DFFICERS and DIRECTORS: John Kiernan. Pres.: Daniel Kern. J. H Wood H. H. Fisher, all of Portland. Ore. Fiscal Year Ends: Dec. 31. FUNDED DEBT, As of April 13. 1930 Date First Mortgage Serial Rate Issued Matures Authorized Outstanding Sinking Fund Bonds ..............6% 11-1-25 4-1-33 $700,000 $243,000 Interest Payable: A. & O. 1 at trus- for each unexpired year. ees’ office, Chicago, Ill. Sinking Fund: Company makes pay-Principal Payable: $100,000 Apr. 1, ment to trustee as timber is cut equal 1927 to 1932, inclusive: Apr. 1, 1933, to 11% times amount loaned. $50,000. Tax Status: Company pays 29 Fed. Trustee: Continental & Commercial Income Tax. Ravings Bank, Chicago, Ill. Security: First Mortgage on prop-Registerable: As to principal only. erty valued at $1,700,000. Denominations: $1,000, $500, $100, Offered hy: Baker Fentress & Co. roupons. and First National Co.. Chicago, Ill. Callable: At $100 and int.. plus 4 9% Nov. 1425 THOMSON'S MANUAL BLOEDEL-DONOVAN LUMBER MILLS GENERAL OFFICES: Bellingham, Wash. SALES OFFICES: 1411 Fourth Ave. Seattle, Wash. BRANCH OFFICES: New York, Chicago, Philadelphia, St. Louis, Kansas City. Baltimore, Minneapolis, Omaha, Denver, Los Angeles. HISTORY: Incorporated under laws of Maine, Jan. 30, 1913. Consolidation of Lake Whatcom Logging Co. (established 1898), and Larson Lumber Co. (established 1901). On Dec. 31, 1928, company absorbed Bloedel-Donovan Timber Co. assuming all its obligations except outstanding bonds, which were retired Feb. 1, 1929. Company has been under same management more than 30 years. BUSINESS: Manufacturers diversified line of lumber products from native Pacific Northwest timber, namely Douglas fir, Western hemlock, Western red cedar and Sitka spruce. Conducts logging operations in three Western Washington counties: Clallam, King and Whatcom. Total daily capacity of logging camps 1,400,000 feet, B. M. Operates mills with combined daily capacity of 1,000.000 ‘eet of lumber, 500,000 shingles, 500 doors and 140,000 feet box shook. PLANTS AND EQUIPMENT: Owns 150 miles of standard guage railroad, with locomotives, cars, donkey engines and miscellaneous equipment for 6 logging camps. Owns three sawmills, two planing mills, two shingle mills, box factory and sash. and door factory at Bellingham, Wash, with 30 acres of waterfront property having facilities for both rail and water shipments. Wharves will ac-~ommodate six deep-sea vessels. Owns sawmill, planing and shingle mills at 3kykomish, Wash., catering to domestic rail trade. IIMBER AND LANDS: Company owns, or controls through cutting contracts, 50,000 acres of standing timber in Western Washington, cruising 3,380,000,000 ‘eet, B. M., of which 13,800 acres, cruising 645,000,000 feet, are owned in fee simple. Owns 30,000 acres logged-off land. SUBSIDIARIES: Controls Columbia Valley Lumber Co., a retail lumber yard at Bellingham, Wash. MANAGEMENT: J. H. Bloedel, Pres., Seattle, Wash.; J. J. Donovan, Vice Pres.; J. N. Donovan, Asst. to Pres.; F. E. Frost, Treas.; Stewart Matthews, Secy., all of Bellingham, Wash. DIRECTORS: All of the foregoing, together with C. B. Power, Helena, Mont.. and John McMahon of Bellingham. GENERAL AUDITORS: Ernst & Ernst, Seattle, Wash. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Mon. in Feb. Number of Employes: 3,000. CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized Outstanding 1. 6% Cum. Pref. Stock... oooeeeeiinees $100 27,500 shs 20,000 shs 2. Common StOCK meeeeeeeeeeaemenaeeeeeee $100 35,000 shs 35.000 shs 1. 6% CUMULATIVE PREFERRED STOCK Provisions: Has preference as to as- Dividends: On original issue of $1, sets in liguidation. Dividends are cum- 750,000. 6% paid annually to Dec. 31 ulative. Under special agreement, 1924; 1925 to 1927, inclusive, none; 1928, $250,000 issued Dec. 1, 1925, has prefer- 39: 1929, 12%. On special issue of 250,-ence as to dividends over $1,750,000 000, 1926, 6%: 1927. 6%; 1928, 6%; 1929 previously issued.* 6%. . Callable: .At any dividend date, at Transfer Agent and Registrar: The L02 on 30 days’ notice. Company. Voting Power: Equal share for share Number of Stockhelders: Dec. 31 with Common stock. 1929, 14. 2. COMMON STOCK Number of Stockholders: 23. Transfer Agent and Registrar: The Voting Power: Equal, share for Companv share, with Preferred stock. : COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 29 01928 962 © 702,696 ,396 4,913 rong 15 06,.08 L2 "EQ 1927 $7,462,453 5,401,335 902 2R0 Gross Revenue .ooooocceecccce ceems memes Operating EXPENSE ..ooeoinnisanneees DeDTECIATION coco ceeameca ceca mce cman mnmnnann © Net Earnings ...... Other Income _.. $1.857,758 20 205 Total Income coo... .eeoe-Interest on Bonds. ieee Other INterest ion cerernmeeees Depletion icone ren nnnaeanenae Federal Taxes occccceemimmenn. BEATE MHTER oernrmmnemmmes bi RAE amiss rman BEX *,016 2,000 74,591 69,589 82.500 “64 00 ‘46 "26 00 ‘oe $1,897,063 32,000 63,113 866,835 70,000 112.057 © 753,058 23,750 $ 729,308 37.65 18.09 Net INCOME coeeeemamiacccaee cemoamnas Dreferred Dividends oie Surplus for the VEAL ceeeaiomaeeeammnnaaneraeanneanae 194,325 Earned per share Preferred stock. ............. 35.59 Rarned per share Common stock. o.oo 16.91 20 78 1b 00 5 A . 79 IMBER AND TIMBER COMP AN COMPARATIVE BALANCE SHEET, Years Ending Dee. ASSETS-ARE crvncnr covers Rie Re ARSE SRARE EERE Si1ls RBecelvable ocuessammenamsssamsssssmn Accounts Receivable Inventories Total Quick Assets... Timber and Timber Lands............ ~. Buildings, Mach. lL.og. Roads........ Plant Sites and other lands....... Advances to Associated Companies... Advance Payment on Tbr. Contracts... Deferred Charges ..... TOTAL ASSETS 1929 65,183 219 92,484 ;,089,557 3,003, P1124 ¢ +,9537,453 546,915 947,994 50,557 70 - 1928 352,472 60,816 “a4 01 Q of 1927 87,242 60,010 647,690 666.254 1,196 125,313 49,231 $72,300 752,712 88,778 86.453 LIABILITIE Notes Payable .._. Accounts Payable Employvees’ Certificates of Dep. ....... Interest Accrued oie Feneral Tax Accrued....... Reserved for Federal Te Total Current l.iabilities........... Other Reserves ............. Funded Debt ..... .. _....... Common Stock .......... Preferred Stock ...... cee eee Cap. & Surpl. arising from Reval. Prop. Other l.ong-Term Obligations................. ['ndivided Profits .___ TOTAL LIABILITIES _____.__.. . Net Working Capital... «ooooiemeeneeo.. Ratio Current Assets to Current I.is h 147,382 59,490 50,000 74.253 2 500 . fF 3. 0 2,000,000 992,506 '138,087 266.505 10, 2.961 SQ 650,000 209,139 111,265 8.547 116,616 75.452 L019 122 1.000 3,000 “70,000 wv be “"UNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding Serial Gold Notes... © eeeeenee 69% 2-1-29 Seriallv $2.000.000 $2.000.000 sNote: $100.000 paid Feb. 1. 1930. Interest Payable: Semi-annually, Feb. and Aug. 1, at Pacific National Bank, Seattle, Wash., or Illinois Merchants Trust Co., Chicago, Ill. Principal Payable: Feb. ‘1, as follows: £100,000, 1930 and 1931; $250,000, 1932; $300,000, 1933; $350,000, 193%: $400,000, 1935; $500,000, 1936. Trustee: Pacific National Bank, Seittle, Wash. Denominations: $500 and $1.000. Notes in coupon form. Callable: As a whole or in part on 30 days’ notice at par and accrued interest, plus 15 of 19% for each unexpired year or part thereof, not exceedng $102, Tax Status: Company pays normal ncome tax up to 29%. Sinking Fund: Company required to set aside $1.00 per 1,000 ft. B. M., in 2xcess of 100,000,000 feet cut from its mwvn timber in anv calendar vear. to be used in retiring notes of longest maturity, if not for purchase of additional timber Security: So long as any of these notes are outstanding. no further fund-2d debt may be created and property must be kept free of encumbrance, “ompany agrees to maintain at all times net quick assets equal to at least the amount of these notes and total assets in an amount equal to two and ne-half times total liabilities Legal Opinion: By Peters & Powell, Seattle, Wash. for the underwriters, and Kerr, McCord & Ivey, Seattle. Wash, for the company. Offered by: Pacific National Co. and Seo. H. Burr, Conrad & Broom, Seattle, Wash, and E. H. Rollins & Sons and 3aker Fentress & Co. Portland. Ore. fan. 1929, at from $97 to $100. Price Range: 1929: High, $100: [.ow. 299 126 THOMSON'S MANUAL BRYANT LUMBER COMPANY GENERAL OFFICE: 1302 Fremont Ave. Seattle, Wash. HISTORY: Incorporated under laws of Washington, 1917. Began in 1892 as a logging company under name of Bryant Lumber and Shingle Mill Co. BUSINESS: Producer of fir and hemlock lumber. PROPERTY: Company's plant occupies 11.77 acres owned by it, located on Lake Union, Seattle, Wash. Lumber loading docks for ocean lumber carriers FUNDED DERT. As of June 30, 1930 Date Rate Issued Matures Authorized Outstanding ceeevmaneene-an 1 0 5-1-24 5-1-36 $250,000 $110,000 Interest Payable: May and Nov. 1, Security: First mortgage on entire at office of W. P. Harper & Son, 721 property. Second Ave. Seattle, Wash. Offered by: Wm. P. Harper & Son. Callable: On 30 days’ notice at $103 Seattle. Wash.. May 1, 1924, at $102. less Y% 9% each elapsed vear. BUFFELEN LUMBER & MANUFACTURING COMPANY GENERAL OFFICE: . Tacoma, Washington. HISTORY: Incorporated under laws of Washington, 1913. BUSINESS: Operates sash, door and veneer factories in Tacoma, Wash., and sawmill at Eagle Gorge, Wash. PROPERTY: Owns sash, door and veneer factories in Tacoma, Wash., having-.a daily capacity of 1,500 sashes, 3,000 doors and 40,000 square feet of veneering; also a sawmill at Eagle Gorge, Wash., with a daily capacity of 240,000 board feet of lumber. Lumber supply is obtained from 260,000,000 feet of standing timber owned by the company, near Eagle Gorge, and Bellingham, Wash. DFFICERS: John Buffelen. Pres.; F. C. Neal, Secy. Par Value Authorized Outstanding e100 $1.000.000 1.000.000 Capital Stock _..... FUNDED DEBT Rate Dated Due Authorized l. 1st Mtge. S. F. GolQ...cccececcccc... 7% 4-1-22 4-1-32 $150,000 2 1st Mtge. S. F. Gold..........6% % 1-1-25 1-1-35 $100.000 Outstanding $150,000 £100.000 FIRST MORTGAGE SINKING FUND GOLD BONDS Interest Payable: On 7s Apr. & Oct.; chase and retire bonds or to be invest-»n 61%s Jan. & July 1 at trustee's office. ed in high grade interest-bearing seraPrustee: Bank of California, N. A, curities. acoma. ; . Security: Closed first mortagage in Registerable: Coupon bonds regis- the Oy $550,000 on all og i rerable as to principal. erty of the company. Denominations: $1,000 and $500. ied . lis. Fl h & Callable: Only as a whole on any Legal Opinion by: Ellis, Fletcher nterest date upon 30 days notice, at Evans, Tacoma, Wash, [071% and accrued interest. Offered by: Blyth & Co, Seattle, sinking Fund: Payment of $10,000 Wash. $150,000 in April, 1922, at 99%; annually to he nsed bv trustee to pur- $100.000 in January ,1925. CANADIAN WESTERN LUMBER COMPANY OFFICE: New Westminsted, B.C. HISTORY: Incorporated under laws of Canada, Mar. 3, 1910. BUSINESS: Operates sawmill on Fraser River, near New Westminster, B.C.; rapacity, 750,000 feet daily. Also a cedar mill with capacity 120,000 feet and 300,000 shingles in 24 hours. Another mill on Vancouver Island with capacity »f 150,000 feet in 24 hours. TIMBER HOLDINGS: Company has freehold on 76,000 acres and leases and licenses on 60,460 acres, mostly in Comox district, Vancouver Island. Total cruise said to be 5,250,000,000 feet, of which 75% is on freehold land. OFFICERS: D. B. Hanna, Pres,; James D. McCormack. Vice Pres.; G. G. Stewart. Secy., all of Vancouver, B. C. DIRECTORS: D. B. Hanna, J. D. McCormack, R. M. Horne-Payne, Sir John Aird John Davidson, J. F. Lash, A. J. Mitchel], R. S. O. Thompson. GENERAL AUDITORS: Helliwell MacLachlan & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: June. BEr AND TIMBER COMPANIES Par Value Authorized Capital Stock oo iia. $5.00 $15,500,000 Dividends: No dividends have been paid on ordinary stock. Transfer Agent: Company's office. ,-Outstanding $15,365,000 COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 ASSETS— Property and Equipment ............. ....._.#§ Investments eens Cash o.oo eee een eeamamnan een Dep. With TROLL mmummsmerremsempmmns Accounts Receivable Inventory cocoa... Deferred Charges ooo iii. Trust Accounts .... Valuation Adj. .......... TOTAL ASSETS 1929 7.381,924 627,983 568,825 66,000 ,482,387 "88,375 R7 €55 “Hn 2 vud a 1928 $17,900,985 2,285,266 315,133 72,633 17,726 1927 $14,032,324 11,902,540 501,543 84,284 PR,619 1,143 rQ qQ7 LTABILITIES Japital StocK a... Funded Debt ......... Accounts Payable o.oo. Tax Reserve, €tC. ..o.ocooiiiiioaaaaanne. Depreciation Reserve _.......... Other Liabilities _._. survius .... mmeenmereseeenenneennaenae- 9 15,365,000 1,052,148 "72,594 #,00¢ 8 15,500,000 %,506,510 189,505 308,155 66,819 276,018 144.252 +34,191.€50 Note: There are arrears of interest of $2,573,328.32 accumulated on 3% Cumulative Income Debenture Stock as at December 31. 1929. payable only when net cArTnings are available TOTAL LIABILITIES .... COMPARATIVE INCOME STATEMENT, Years Ending Dec. ~-Net Operating Earnings.. Other Income ..... Total Income Interest, Amortizal - 1927 “53,970 Net Income Earned, per share FUNDED DEBT, As of Dec. 31, 1929 Authorized Outstd. £1,629,314 (32,507.491—£608,600) £1.384.3114 (25 544 656—£1.129 2132) Issue— I. First Mort. Deb. Stock.......... 2. Cum. Income Deb. Stock. I. FIRST MORTGAGE DERENTURE STOCK. Interest Payable: J&D 1 at any branch or agency of The Canadian Sank of Commerce. ! Trustee: British Empire Trust Co., .td.., London. Callable: Dec. 1, 1945, at par. Callible on one month's notice at par. Sinking Fund: provided of $1.50 per L,0V0 ft. of logs, lumber or timber sold by the Canadian Western and Columbia River Co.'s ¢ach year, if shortage provided from profits of future vears. Security: By a first and specific mortgage on all freehold lands, plant, squipment ,timber leases, etc.,, and a floating charge on all other asseta Other details: Interest deferred 1915-919. In 1920 and 1921 paid 10%, 5% for <ear and 5% on arrears. 1922—59% curyear and 5% in arrears. 1922—515 cur-“ent interest and 49 arrears. June, 1924—21% 9% and 9.49% on arrears. Lijuidated arrears. Dec. 1924—21,9% and semi-annually thereafter DEBENTURE STOCK. Interest Payable: J&J at any branch par. Redeemable Dec. 1, 1945, at par D1 agency of the Canadian Bank of } . ‘ommerce, Toronto. Sinking Fund: See No. 1 Trustee: DBritish Empire Trust Co., Security: By a fixed charge on the .ondon. property of the company and a float-Callable: On one month's notice at ing charge on remaining assets. 128 THOMSON'S CAMPBELL RIVER TIMBER COMPANY, Ltd. GENERAL OFFICE: Henry Bldg. Seattle, Wash. HISTORY: Incorporated under laws of Washington, Oct., 1926. BUSINESS: Logging in British Columbia. PROPERTY: Company holds renewable lease from the Province of British Coumbia on approximately 27,504 acres of land cruising 1,240,344,000 feet of timber, with an estimated value of $2,513,961, located in Sayward District. on Vancouver ‘sland, B. C. Timber is largely old growth yellow fir. ROYALTIES: Company pays Dominion government 75c¢ to $1.65 per M as timber s logged and annual fee of $140 per 640 acres. OFFICERS: C. H. Cobb, Pres.; A. 8S. Kerry, Vice Pres.; J. W. Eddy, Vice Pres.; J. G. Eddy, Sec.-Treas.; Edward I. Garrett, stockholder: Joshua Green. stockaolder. . CAPITAL STOCK: Paid up, $850,000. Rate First Mortgage Bonds...................... 6% Interest Payable: J. & J. 1 at office of trustee. Principal Payable: Due $122,000 each Jan. 1, 1932 to 1940, incl, and $127,000 Jan. 1, 1941. Trustee: Detroit & Security Trust ~o., Detroit, Mich. Registerable: As to principal. Denominations: Coupon. $500 and 81.000. Dated Due Authorized Outstanding 1-1-27 1932-41 $3,000,000 $1,225,000 Callable: At $101 on any interest date on 30 days’ notice. Sinking Fund: Company pays quarterly to trustee $1.50 per M for all timber cut. Tax Status: Company pays normal Federal Income Tax up to 2%. security: First mortgage on lease and timber held thereunder. Offered by: Baker Fentress Co. Chicago. Iil., Jan., 1927. CARLISLE LUMBER COMPANY GENERAL OFFICE: Onalaska, Wash. HISTORY: Incorporated under laws of Washington, June 7, 1922. Successor to ~arlisle-Pennell Lumber Co., incorporated in Kansas in 1903. BUSINESS: Company operates modern sawmill of 70,000,000 feet annual capacity, manufacturing lumber and shingles from Dougles fir, cedar. spruce and hemlock -0gS. PROPERTY EQUIPMENT: In addition to sawmill, company owns over 6,000 acres of timber lands in Lewis and Grays Harbor Counties, Washington, cruising more than 500,000,000 feet of merchantable timber. running {8% Douglas fir, halance cedar, spruce and hemlock. Company owns entire capital stock of Newaukum Valley Railroad, a common carrier, extending from Onalaska to Napavine, Wash., a distance of 11 miles. Company also owns 12 miles of standard gauge logging railroad. OFFICERS: W. A. Carlisle, Pres. and Gen. Mgr.: K. L. Carlisle, Vice Pres. and Treas.: F. B. Carlisle, Vice Pres.; J. E. Stout, Secy. DIRECTORS: XK. L. Carlisle, F. B. Carlisle, W. A. Carlisle, J. E. Stout, Mrs. W. A. Carlisle, all of Onalaska, Wash.; W. A. Harwi, Atkinson, Kan.: T. M. Walker. Kansas City, Mo. : GENERAL AUDITORS: C. H. Plate, St. Louis, Mo. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Mon. in Feb. CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized Outstanding 1. 7% Preferred Stock ..oooeiiinnaes $100 $1,000,000 3 627,000 2. Common Stock ooo... eae. $100 $2.500.000 $2.390.400 1. 7% PREFERRED STOCK Provisions: Has preference as to as- Voting Power: When default in disets and gividenas. No new indebted- vidends occurs. ness or stock, having equal or prior Dividends: 31 aid Oct. 15, 1925. ~ight with this issue can be created. Regular eo IR A. & O. 15 to Callable: After one vear on anv di- 1928, incl.; Apr. 1, 1929, 3%, %. None vidend date at 105. thereafter to Jan. 1, 1930. 2. COMMON STOCK Provisions: Has exclusive voting fault in dividends occurs. power with restriction, that preferred Dividends: No dividends paid or stockholders mav also vote when de- Common to Jan. 1. 1930 LUMBER AND TIMBER COMPANIES COMPARATIVE INCOME STATEMENT, Years Ending Dec. 2 1928 1927 1,756,384 1,325,459 659.9% 968,509 Gross Sales ........ Operating Expense .... PA 1926 ,455,024 081,725 Net Earnings . Other Intome .. Total Income ..... Interest, Amortization .. Net Profit or Loss............... Earned, per share Preferred stock. Earned, per share Common stock. —Deficit COMPARATIVE BALANCE SHEET. Ax of Dee. 31 ASSETS— Property, Plants, etc. Cash... Accts. and Notes hee Life lnsurance Inventories ... Deferred Charges Other Assets .... TOTAL ASSET 1929 7.475,122 85,090 80.432 18,735 100,799 99,399 116,528 CN on 500 “ad TF 1927 227,113 26,162 nn 993 3 fr assets... .. q,° LIABILITIE Preferred Stock . Common Stock ... Funded Debt .... Notes Payable ......... __ Accts. Paymts and Wages Taxes Accrued ...... Timber Purch. Contract ....... Deferred Credits ....._ Surplus 627,000 2.390,400 300.000 75.000 L01,600 58,673 ’96,400 30,37¢ 496 679 623.500 390,400 300,000 £0,000 ©1238 al §/ 523.500 390,400 400.000 vy ? Ny ” q 1-0 TOTAL LIABILITIF-Net Working Capital ._........ ..._._ Ratio Cur. Assets to Cur. Liabilities......_.. tr 00 503,247 2.131 zs 40 4 TT'NDED DEBT, Ax of Dec. 31, 1929 First Mortgage Sinking Fund Rate Dated Due Authorized Gold Bonds ..... veeeeee © 8-15-29 8-15-37 $1,000,000 Interest Payable: Feb, and Aug. 15 at office of trustee. Trustee: Continental Illinois Dank Trust Co., Chicago, Ill. Registerable: As to principal only. Denominations: $1,000, $500, $100. Callable: On 30 days’ notice at $100 and accrued interest plus 14 9% for each unexpired year or fraction thereof, but never less than 1,0, Outstanding $800,000 Sinking Fund: An average of $2 per M, in advance of cutting timber, deposited with trustee, Tax Status: Company pays normal Federal Income Tax up to 2%. Security: First mortgage on lumber, nanufacturing plants, capital stock of Newaukum Valley Railroad. all valued at $5,601,000. Offered by: Daker, Fentress & Co. “hicago. 11l., Aug. 1929. at 398.15. INTEREST TABLES Devores—1 day to 1 year by days, 360 and 365-dav basis, 1 to 69% by 13s. 61% to 109 by %s. Price $7.00. Stouts—1 day to 1 year bv davs, 360 and 365-dav basis, 1 to 10% bv 1s Price $7.00. Quick—1 day to 1 year by days, 5, 6. 7 and 89% 360-day basis. Price$2.50 Robinsonian Universal, $7.00. Delbridge Wonderful—90 days, $5.00: 180 days, $10.00; 360 days, $20.00 We stock all standard Interest Tables. THOMSON’S BUSINESS BOOK SERVICE Qegttle Waeh 30 THOMSON'S MANUAL CONTINENTAL TIMBER LAND COMPANY GENERAL OFFICE: Chicago, Ill. HISTORY: Incorporated under laws of Delaware, 1915 BUSINESS: Timber investment company. PROPERTY: Timber owned .comprises 39,264 acres owned in fee, practically all located in Linn County, Oregon, and are estimated to carry 2.500.000.0000 feet of simber, 859% fir. DFFICERS: L. M. Baker, Pres.; E. E. Barthell, Vice Pres.; S. M. Bloss, Vice 2res.; Calvin Fentress, Treas.; C. M. Cavenee, Sec, all of Chicago. Ill DIRECTORS: J. E. Danaher. Detroit. Mich.; John Stuart, D. R. Mcl.ennan. both nf Chicago. Ill. FUNDED DEBT, As of Dec. 31, 1929 First Mortgage Sinking Rate Dated Due Authorized Outstanding fund Gold Bonds..............oo..............6%% T-1-27 5-1-34 $1,250.000 $766.000 Interest Payable: May and Nov. 1, Sinking Fund: To be paid to trusat office of trustee or Baker Fentress tee in advance of removing any of tim-% Co., Chicago, Ill. ber covered by the mortgage. Trustee: Detroit Trust Co. Detroit, Tax Status: Company pays normal Vlich.,, and Walter A. Graff, Chicago. Federal Income Tax. Registerable: As to principal only. Security: First mortgage on timber Denominations: $1,000, $500, $100. owned by the Continental Timber Land Callable: At $103 if redeemed before Company. May 1, 1930; thereafter %9% for each Offered by: Baker, Fentress & Co., 1nexpired vear. Chicago. July, 1927, at par. COLUMBIA BOX AND VENEER COMPANY GENERAL OFFICE: Puyallup, Wash. BUSINESS: Manufacturers of veneer products, fruit packages, crates and box shooks. OFFICERS: -C. W. Schuh, Pres. and Mgr.; H. A. Wilson, Secy.-Treas. FARNING STATEMENT, As of Dec. 31 “929 Net Earnings ............... a $29 376 Dividends Paid oom smssssmmssesymismsomssssssss Del] T 224.359 1927 $29,039 10.000 19.039 Surplus for Year ees COMPARATIVE BALANCE SHEET, As of Dee. 31 1928 5,928 18,109 950 90,169 1,000 25,631 13,827 155,011 8.286 2242 910 1927 3 594 21,361 938 81,269 500 19,388 15,320 117,178 5.416 £262 049 CASN eee eeeeeem eee eee re amaee Accounts Receivable ......_...... Notes Receivable o.oo. ramon Merchandise Inv. (at cost) oir icine Life INSULANCE eeeeeeceeceeeeeeanaemaeanenmanenns Real Estate and Timber... iimeercecmeceneen Stocks in other Companies... ....iiinaans Buildings and Machinery.....iimnieaee. Dffice REauip., Autos. ete. TOTAT, ASSETS 1929 15,077 37,291 9,350 404 £000 17,413 £5,727 .99,768 6,922 ceeeeemeeemmoemnn avemeneaaaanemannnnmnnnnnanean SA TH. 952 LIABILITIES— Accounts Payable ..._.. Notes Payable ....... Wages Payable ees Reserves for Depreciation............... — Reserve fOr TaXeS coir iiiiien coceccammmnmmneaanaanan Preferred SLoCll .....ociiosibcmeims imines smssmimpnsssysny DOIIION. BOCK .. csismmesmsscemm anomie spas wim waves sn Deferred INCOME eee ime meee came ecammnen DIITTIINS oro ee i pres sees os as ome aan SR mwa RA "OTAT, T.TARIT TITIES a, eee $21,483 eee 121,215 7,377 44,500 2,000 39,800 00,000 16,778 73.799 476.952 3,931 79,619 2,503 11,500 1,500 65,850 100.000 1,702 62,700 11,731 35,500 1,400 27,200 100.000 27,817 2692 049 54.457 2248 910 _UMBER AND TIMBER COMPANIES CO0OS BAY LUMBER COMPANY GENERAL OFFICE: Marshfield, Ore. EXECUTIVE OFFICE: Balfour Bldg. San Francisco, Calif. HISTORY: Incorporated under laws of Delaware, Jan. 20, 1915, as Coos Bay Lumber Co. In 1922 name changed to Pacific States Lumber Co., and Feb. 25, 1928, back to Coos Bay L.umber (Co., at which time company was reorganized by Pierce, Fair & Co... San Francisco. BUSINESS: Timber lands and lumber manufacturing. PROPERTY: Company owns approximately 5,000,000,000 feet of Douglas fir, Port Orford cedar and other timber in Coos and Douglas Counties, Oregon. Owns and operates 30 miles of railroad, and operates over 28 miles of Scuthern Pacific trackage, also owns 25 miles of logging railroad. Electrically driven sawmill, daily capacity of 600,000 feet, located at Marshfield, Ore.; electrically driven remanufacturing plant and distributing yard at Bay Point, Calif. Ships lumber to foreign markets directly from the mill and to Northern and Southern California. Company owns a steam vessel with capacity of 1,500,000 feet. OFFICERS: H. W. Bunker, Pres.; H. J. Leaf, Vice Pres.; F. IB. Colin, Vice Pres.; H. G. Purvis, Sec.-Treas.; C. E. McKinnie, Asst. Sec.-Treas. DIRECTORS: H. W. Bunker, H. H. Fair, F. B. Anderson, D. G. Sherwin, William Denman, all of San Francisco; A. E. Adelsperger, Marshfield, Ore.; F. 8S. Scritsmier, Portland, Ore. GENERAL AUDITORS: Price, Waterhouse & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in Feb Number of Employes: About 1,200 in 1929. CAPITALIZATION, As of Dec. 31, 1929 cr Value Authorized Outstanding l. 7% Cum. Preferred Stock $100 $4,781,774 $4,781,775 2. Common Stock _........... 0 Par 63,757 shs 63,757 shs NOTE: In 1929, $1,593,925 of Pre crred stock was redeemed, Common stock increased by $4,462,990. Articles of incorporation amended to reduce number of Preferred shares from 73.757 to 47,817, and par value of Common stock from $30.00 to no par value. 1. 7% CUMULATIVE PREFERRED STOCK Provisions: Has preference as to as- Dividends: 7% in July, 1928; $15.75 sets and cumulative 79% dividends. Is- in Oct, 1928, clearing all arrears; 7% sued to Pacific States Lumber Co. 1st in 1929, 89% bondholders on a basis of one Transfer Agent and Registrar: Bank share for each $100 par of bonds. of California, N. A.,, San Francisco. 2. COMMON STOCK Dividends: None paid to 1930. No. of Stockholders: 900 INCOME STATEMENT, Year Ending Dec. 31, 1929 Profit from Operations... [Interest Received ...._. eee. 3729.77 20.886 2,660 233.464 TOTAL INCOME ieee [Less Depreciation and Devletion.......ooooeeeo. Net Profit from year's operations... COMPARATIVE CONSOLIDATED BALANCE SHEFPT, Ax of Dec. «29 (8.397 -80,842 32,680 121.630 217.196 ASSEFE Customers’ Accounts Receivable... i... Sundry Accts. Receivable meena Inventories 928 332.606 352,633 41,970 «12 263 Total Current A eeeemememe eens Timber and Property sates ContractS.........ooooooooooooeeeeeonn. Plants and Timber _.. eee teem een enmnenne. Deferred Charges i 2 6 ENED GH Q TOTAL ASS¥T LIABILITIE Notes Payable _. Trade Creditors ... Accrued Payrolls ... Accrued Taxes TA QA 0 28 Q& 00,000 56,826 46,854 27 QTR £000 242 HTT «1 4QK Total Current Liabilities .ooooooooooeeeeee i. Preferred Stock .......... SEER PREECE Common Stoek ..... eee ememn ee ————me eames Surpolus ..... eee eme—ma meee enema eee ream n TOTAL LIABILITIES eee Net Working Capital th 5 re CR J xv 778 7s ali 360 21.900 1 = g THOMSON'S MANUAL DEER PARK LUMBER COMPANY GENERAL OFFICE: Deer Park, Wash. HISTORY: Incorporated under laws of Washington. BUSINESS: Lumber manufacturing and logging in the white pine district of Eastern Washington, near Spokane. PROPERTY: Properties of the company, which are located in Stevens and Spokane Counties, Washington, include 105 acres of land on which the sawmill stands: the mill is of brick and steel construction; 10,000 acres of land, cruising 71,000,000, feet of timber appraised at $193,694.50; 9,600 acres of the land are owned in fee, and approximately 20 miles in railway and logging equipment. OFFICERS: W. M. Leuthold, Pres.; R. L. Wilson, Secy. . FUNDED DEBT, As of Mar. 1, 1930 First (Closed) Mortgage Rate Dated Due Authorized Outstanding Gold BONAS .ooeoeeaeeieaeeeeeeennee 1% 2-1-23 1923-33 $250,000 $75.000 Interest Payable: Aug. 1 and Feb. 1, 29% Federal Income Tax. at office of trustee or Ferris & Hardgrove. Principal Payable: $12,500 each Aug. and Feb. 1, 1923 to 1933. Trustee: First Nat. Bank & Trust “o., Spokane, Wash. Registerable: Coupon bonds. Denominations: $1,000 and $500. Callable: At 60 days’ written notice to the trustee at $102. Sinking Fund: Payments to be made to trustee quarterly in advance of cutting of any timber covered by mortgage. Tax Status: Company pavs normal Security: First closed mortgage covering real estate, buildings, or property owned or acquired and including the assignment of a contract with the government covering government and Indian land on which there is standing ahont 275.000.000 feet of timber, Legal Opinion by: Donworth, Todd & Higgins for the bankers, and Graves, Kizer & Graves for the company, former, Seattle; latter, Spokane. Offered by: Ferris & Hardgrove, Spokane and Seattle, Wash.. Feb. 1. 1923 at $100. DOLLAR PORTLAND LUMBER COMPANY GENERAL OFFICE: Foot of Lincoln St., Portland, Oregon. CONTROL: Robert Dollar Co., San Francisco owns 51%. HISTORY: Incorporated under laws of Delaware, 1923, for the purpose of succeeding the Portland Lumber Co.; established in 1877. MANAGEMENT: R. Stanley Dollar, Pres.; H. M. Lorber. Vice-Pres.; D. T. Buckley, Secty. & Treas. DIRECTORS: Capt. Robert Dollar, R. S. Dollar, H. M. Lorber, L. J. Wentworth. PROPERTY: Company owns 14,000 acres of standing timber known as Calapooia ract, located on Calapooia River in southeastern part of Linn County, Ore.; and approximately 10,000 acres of timber in Lane County, Oregon, known as Fall Creek tract. Two tracts are estimated to contain 1,406,984,000 ft. Company also owns 12 1/10th acres in Portland, Ore. with 600 ft. frontage on Willamette River, together with modern electrically driven saw mill. Company owns 50% of outstanding stock of Ritan-Wentworth Lumber Co, whose holdings consist of approximately 200.000.000 ft. of timber in Clatsop, ane and Douglas Counties, Ore. REORGANIZATION: Under plan of reorganization, dated May 1 ,1928, bond holders deposited over 929% of bonds with Anglo-London Paris National Bank, San Francisco, and authorized the Robert Dollar Co. to take steps to foreclose under first mortgage. Under plan, total of $1,480,850 of 5% first mortgage bonds of Eugene Lumber Co. a Nevada corporation, will be exchanged for deposit certificates issued by Anglo and London Paris National Bank for 7% First Mortgage Bonds of Dollar Portland Lumber Co., deposited in accordance with deposit agreement between bondholders of Dollar Portland Lumber Co. and Robert Dollar Co., May 1 ,1928, after default of interest and principal. Eugene Lumber Co. bonds are to be unconditionally guaranteed as to pavment of interest and principal by Robert Dollar Co. Bonds were dated May 1, 1930, and mature May 1, 1950, and will be retired peginning May 1, 1936 ,at annual rate of one fifteenth of issue. Properties of Dollar Portland Lumber Co. have been transferred to Eugene Lumber Co. New bond issue is equal to total determined value of 7% bonds of Dollar Portland Co., plus cost of coupons purchased. together with expenses of fore-~alosure. LUMBER AND TIMBER COMPANIES «Tn JOHN E. DUBOIS GENERAL OFFICE: Dullois, Pa. P.N.W. OFFICES: Care West Oregon Lumber Co. Linnton, Ore. HISTORY: Owns 6,720 acres of timber land in Tillamook County, Oregon, said to contain 333,000,000 board feet. 228,000,000 feet sold to West Oregon Lumber Co., Linnton, Ore., under contract to start logging operations in 1930, at fixed price of $612,956, payable 325,000 cash and balance in annual installments of from $70,000 to $130,000, terminating Jan. 1, 1935. First Mortgage Serial Sinking Ratc Dated Due Authorized Outstd. nnd Gold Bonds....... ............ 6% 1-15-30 1931-34 $390,000 $390,000 interest Payable: April and Oct 15, Sinking Fund: Payable to Trustee as . trustee's office. timber is cut or released from mort-I’rincipal rT Lon Sash gage. vear as follows: 1931, 60, ; 1932, - 5 . '3 20, T i $100,000; 1933, $110,000; 1934, $120,000, aan Status: Co. pays 2% Fed. income Trustee: Continental Illinois Bank & N . . . Trust Co. and Walter A. Graff, Chicago. _ Security: Direct obligation of John Registerable: As to principal. Z. Du Bois, and first mortgage on Denominations: $100, $500 and $1,000. 3,720 acres, cruising 333,000,000 board Callable: On 30 days’ notice on any ‘eet in Tillamook County, Oregon. mterest date at 101% and accrued in- Offered by: Baker, Fentress & Co., terest. Chicago. Jan., 1930, to vield 6% %. EASTERN RAILWAY AND LUMBER COMPANY GENERAL OFFICE: Centralia, Wash. HISTORY: Incorporated under laws of Washington, 1903. BUSINESS: Operates its own logging camps, logging railroad, sawmill, planing mill and shingle mill; manufactures also crossarms. Operates through stock pwnership the Western Crossarm & Manufacturing Company. PROPERTY AND PLANTS: 2731 million feet of timber, 859% fir, valued at approximately $4 per thousand, in Lewis County, Wash. Sawmill in Centralia, Wash, with a daily capacity of 125,000 feet and shingle mill 200,000 shingles, Crossarm plant capacity is 50,000 feet; all capacities based on 8-hour shift. Total raluation, $2,249,283. OFFICERS: Jay Agnew, Pres.; W. H. Copping, Vice Pres.; Reid F. Hubbard. “ec.-Treas.; S. A. Agnew, Gen. Mgr. all of Centralia, Wash. GENERAL AUDITORS: Samuel F. Racine & Co., Seattle, Wash. Fiscal Year Ends: April 1. IUNDED DERT, As of May 1, 1930 First Mortgage Serial Rate Dated Due Authorized Outstanding Gold Bonds . 6% 4-1-27 1928-37 $350,000 $245,000 interest Payable: April and Oct. 1, days’ notice at 103 and interest for at office of trustee. fiscal year ending April 1, 1928, reduc-Principal Payable: Due $35,000 an- ing 14% each year thereafter. nually each April 1, 1928 to 1937, incl. Tax Status: Company pays normal . ! 29% Federal Income Tax. Trustee: Equitable Trust Co. and Security: First mortgage on all flobert Emery Smith, Portland, Ore. fixed assets. Registerable: As to principal only. Legal Opinion by: Reynolds, Flogel : . & Smith, Portland, Ore. Denominations: $1,000, $500, $100. Offered by: L.Lumbermen's Trust Callable: In inverse order upon 30 Co.. April, 1927, EWAUNA BOX COMPANY GENERAL OFFICE: Klamath Falls, Ore. BUSINESS: Engaged in general lumber business, owning and operating its own logging camps, railroads, sawmills, planing mill, dry kilns, and box factory. PROPERTY AND EQUIPMENT: Logging camps, railroad and mills and equipment and other property valued $1,759,715. Company has 525.000.000 feet of timber under contract from U. S. government, OFFICERS: C. B. Crisler. Pres.: C. H. Daggett, Vice Pres.: Fred Schallock. Secy.: J. F. Daggett. Treas Fm STATEMENT, Ax of Dee. 31, 1929 Mo... Rate Dated Due Authorized Outstanding eee 6% 7-1-26 1927-38 $600.000 $425,000 Interest Pavable: Jzn. 1 and July 1. before July 1, 1927, reducing 3; % each Principal Payable: $25,000 semi-an- year until reaches 101. aually each Jan. 1 and Julv 1, 1927- Sinking Fund: $5 per M on all com-38, pany owned timber, as cut. Trustee: Equitable Trust Co., Port- Tax Status: Company pays normal ‘nd, Ore. Federal income tax up to 29%. Denominations: $1,000. $500, $100. Offered by: Lumbermens Trust Co.. Usallable: On 60 davs’ notice at 10214 Juiv, 192s THOMSON'S MANUAL GRANDE RONDE LUMBER COMPANY GENERAL OFFICE: Pondosa, Oregon. HISTORY: Incorporated under laws of Oregon, 1902. Company was organized by George Stoddard and is still managed and officered by the Stoddard family, who own 909% of the stock. CHARACTER OF BUSINESS: Owns and operates saw mills, planing mills, dry kilns, .box factory, yards, sheds, stores and hotel accommodations. Also operate fifteen miles of main line railroad which connects with the Union Pacific at Telocaset. PROPERTY, PLANTS, EQUIPMENT, ETC.: Saw mill at Pondosa, Ore. daily capacity 40,000 ft.; 15 miles railroad, hotels, stores, logging and railroad equipment. Company owns 85,000,000 feet of standing timber, mostly pine, and an equity in 55,000,000 ft. more which is under contract. OFFICERS AND DIRECTORS: Elmer I. Stoddard, Pres.; G. Earl Stoddard, Sec-Treas.; A. Lester Stoddard, John 1. Stoddard, Joseph Stoddard. CAPITALIZATION: Authorized, $1,000,000; outstanding, $611,000. First Mortgage Sinking Rate Dated Due Authorized Outstd. fund Gold Bonds..............c.eee. 1% 7-1-27 7-1-34 $300,000 $200,000 interest Payable: Jan. & July 1. fornia or Oregon personal property Trustee: Title & Trust Company, tax not exceeding 5 mills. ~ortland, Ore. Security: First mortgage on mill and Denominations: $1,000, $500, $100. timber valued in excess of $600,000. Callable: At 102 during first 2 years; Legal Opinion by: Veazie & Veazie, 101.50 next 3 yrs.; 101 during last 2 yrs. Portland, Ore. on 30 days’ notice. Other Details: Additional $100,000 Sinking Fund: $3.00 per M feet, tim- may be issued only by approval of unber cut under mortgage and $1.00 per derwriters on basis $1.25 per M mer-M feet, contract timber. chantable timber. Tax Status: Company pays 29% Fed- Offered by: Freeman, Smith & Camp aral Income Tax and will refund Cali- Co., July, 1927, at $100 GLENDALE LUMBER COMPANY GENERAL OFFICE: Glendale, Ore. HISTORY: Organized in 1902 and has been operating since that date. Surplus earnings have been reinvested in standing timber. BUSINESS: Engaged in the manufacture and sale of sugar and vellow pine and Douglas fir lumber. : PROPERTY: Electrically driven band sawmill, daily capacity 60,000 feet. Approximately 5,873 acres, cruising 160,000,000 feet merchantable timber, in Douglas County. Oregon. Logging railroad and equipment. FUNDED DEBT, As of April 1, 1930 First Mortgage Sinking Rate Dated Due Authorized Outstanding Fund Gold Bonds __._..____..__........ . 6% 9-1-28 9-1-36 $200,000 $107,000 Interest Payable: Mar. and Sept. 1, © Callable: On 30 days’ notice at 100, it office Baker, Fentress & Co., Chi- plus 1% 9% for each unexpired year. ~ago, Ill. Sinking Fund: $2.50 per M as tim-Principal Payable: $9,000 semi-an- ber is cut. nually on March 1 and Sept. 1, 1929, to Tax Status: Company pays 2% Fed-1936. : eral Income Tax. Trustee: Continental National Bank Security: First mortgage on all & Trust Co., Chicago, IlL fixed assets. Registerable: As to principal. Offered by: Baker, Fentress & Co. Denominations: $1.000. $500. $100. Chicago. Sept., 1928. GREAT WESTERN TIMBER CORP.. LIMITED GENERAL OFFICE: Vancouver, B. C. PROPERTY: Company owns waterfront property in Vancouver, B. C., valued at $225,000; 16,000 acres timber land, cruising 1,000,600,000 feet of merchantable timber on Vancouver Island, near Port Renfrew; 88,729 acres, estimated cruise of 2,800,000,000 feet on Graham Island; total valuation. $1.425.000. OFFICERS: Howard Cole, Pres. FUNDED DEBT, As of May 1 ,1930 First Mortgage Sinking Rate Dated Due Authorized Outstanding fund Bonds ___.... reer 615 9% 3-1-28 3-1-38 $300,000 3$269.000 Interest Payable: Mar. 1 and Sept. until maturity at 103. l, at Dominion Bank of Canada. Sinking Fund: $25,000 payable to Trustee: Toronto General Trusts trustee annually Mar. 1. . Corp. Security: First mortgage on fixed Callable: On 90 days’ notice until assets. . . Mar. 1, 1930, at 100; until Mar. 1, 1932 Offered by: Royal Financial Corp. ait 101 Mar 1 1934 at 102: Mar. 2. 1934. 1.td., Vancouver. B. C., at 99 .UMBER AND TIMBER COMPAN) 1 LONG-BELL LUMBER CORPORATION GENERAL OFFICE: R. A. Long Dldg., Kansas City, Mo. PACIFIC NORTHWEST OFFICES: l.ongview, Wash. HISTORY: Incorporated under laws of Maryland, Nov. 21, 1924, as a holding company. Owns 999% of capital stock of Long-Bell Lumber Co. incorporated in Missouri in 1884. Business started as R. A. Long & Co. in 1875. BUSINESS: Company, through its operating subsidiary, is one of the largest producers of lumber and lumber products in the world. Operates in Washington and Oregon. Douglas fir, California white pine, southern yellow pine and hardwood. PROPERTY: Company owns 484.524 acres of timber lands, containing more than 10,000.000,000 feet. It owns approximately 600,000 acres of logged-off lands; 9 sawmill plants with 2,850,000 daily capacity; 116 retail lumber yards; 300 miles of railroad. LONGVIEW: In 1922 company bought large tracts of timber in Cowlitz County, Washington, and laid out and developed the city of Longview, at junction of Columbia and Cowlitz rivers, as one of the few “planned” cities in the world. City was laid out primarily for the company's employes. In 1930 the population was more than 10,000, with diversified industries DIRECT SUBSIDIARY: The Long-Bell Lumber Company (98.94¢ ~wrre” The Long-DBell Lumber Corporation) SUBSIDIARIES OF THE LONG-BELL LUMBER COM" % Owned L.ong-Bell Farm Land Corporation. ernerneeneenee 200.009% The Longview Company... eee 00.00 The Longview Suburban Company. ..........ooooooien. ceeeeeee DOL0OO The Longview Dredging & Construction Company.. vesmpnes «OY The Longview Stevedoring Company .... ............. cee 00.00 Longview, Portland & Northern Railway Combpanv.................... ...... 00.00 l.ong-Bell Service Station, Inc. ...... rere emeeaeeee D000 I.ouisiana & Pacific Railway Company............... eeemeaeeeene. 90.196 The Sibley, Lake Bisteneau & Southern Re 'wav Companyv................ 94.638 Mississippi Eastern Railway Company.......... eeeememeee 99.339 SUBSIDIARIES OF THE LONGVIEW COMPAN. 2% Owned The Longview Ferry Company.....o..oooeceeeen... 100.009% Longview Public Service Company....... 100.00 Longview Memorial Park _. ~ 100.00 OFFICERS AND DIRECTORS: R. A. Long, Chair., Kansas City, Mo.; M. B. Nelson. Pres, Kansas City, Mo.; J. H. Foresman, Vice Pres, Kansas City, Mo.: J. D. Tennant. Vice Pres. Longview, Wash.; W .L. Prickett, Vice Pres. Kansas City, Mo.; 8. M. Morris, Vice Pres., Longview, Wash.; R. T. Demsey, Vice Pres., Kansas City, Mo. ; E. C. N. Brown, Vice Pres, Longview, Wash.; R. W. Stith, Sec.-Comptroller, Kansas City, Mo.; R. P. Combs, Treas., Kansas City, Mo.: Jesse Andrews, Kansas City, Mo. ; J. H. Bester, Kansas City, Mo.; Waddill Catchings, New York, N. Y.; L. _L. Chipman, Longview, Wash.; R. S. Davis, Kansas City, Mo.; A. B. Everitt, Kansas City, Mo.; John M. Hancock, New York, N. Y.: G. A. Houston, Kansas City, Mo. ; J. H. Lane, Kansas City, Mo.; Roy F. Morse, Longview, Wash. A. L. Sweet, Kansas City, Mo.; W. A. Darker, Asst. Sec., Kansas Citv, Mo.; L. C. Stith, Asst. Sec., Longview, Wash. GENERAL AUDITORS: Ernst & Ernst. Fiscal Year Ends: Dec. 31. Annual Meeting: 4th Wed. Number of Emploves: 10.000. CAPITALI ATION, Asx of Dee. 31, 192% Par Value Authorized No Par 750,000 shs Nao Par R50 O00 chs Outstanding 593,921 shs 542 5369 shs I. CLASS A COVMON STOCK June 30, 1930. Accumulated Class A livvidends amounted to $10.000 June 30, 1930. Transfer Agent: Central Hanover Bank & Trust Co.,, New York. Registrar: Guaranty Trust Co.. New York. Publie Offering by: lL.ehman Dros. Goldman, Sachs & Co., New Yorlk; Lacey Securities Corp., Chicago. Dec.. 1924, at $52.75. Listed on: New York Stock Exchange. 1928 1927 353 13 26 2317 Provisions: Has preference as to assets of §50 per share and cum. dividends of $4 per share from Jan. 1, 1925. Callable: Any fund available for dis-:ribution as a partial liquidating dividend must first be used to acquire Class A at $60 per share; if more shares are tendered than would exhaust such funds purchase shall be made pro rata. Dividends: Initial on Class A Common declared payable March 31, 1923, regularly quarterly thereafter to and ‘mcluding Sept. 30, 1927. None since Price Range: 1929 low I 111, 1926 5014 413, THOMSON'S MANUAL 2. CLASS B COMMON STOCK Provisions: Entitled to non-cum. liguidation entitled to $50 after jividends of $4 per share after Class A Class A. iividends shall have been fully pro- Dividends: Non-reported. vided for and then only provided there Transfer Agent: Central Hanover shall remain a surplus of at least §$6,- Bank & Trust Co., New York. 000,000 accumulated out of profits Registrar: Guaranty Trust Co.. New sarned subsequent to Jan. 1, 1925. In York. CONSOLIDATED INCOME STATEMENT, Years Ending Dee. 31 1929 1928 ceeeeneeee $4,955,283 ,7154,600 ' 624.367 AQ1 759 1927 24,566,423 2115 002 Operating Profit o.oo. Profit on Timber Sales............. Net Earnings ......... Depletion ois Depreciation ....occmsssismessssomn Interest Charges .oveeeececemeaeeee ~ . «TC ar”? R18 a ut if 681,425 917,500 396,093 RA9.767 NET INCOME .oooeeeeeeeeceeee No. Class A Shares Outstanding........... No. Class B Shares Outstanding.................... Farned. per share (Class A stock. 22 21 5,569 207 498,065 593,921 542.569 2.52 “ k£ <. .-69 3.25 “"ONSOLIDATED BALANCE SHEET, As of Dee. 31 ASSETS 1929 Stumpage . reeeeeenn$ 33,400,366 LANA ceeeoeeeeeeieeeeereeeeeeeennerceessecneeeaemneeee 12,891,684 Plants and Equipment.....ccccoeeereeeeeee. 36,603,330 Treasury StoCK ..oiioecececcccccameeee 105,338 Diking District Bonds ..occoooooioiiieeaees 1,607,000 CASRN eee eee ee crore mee amnnmeneae 2,699,592 Accounts & Notes Rec. i 2,847,326 508.7223 11 0) sb, NORE RR pe 0,030,435 Life INSUTrancCe ...oeeemeecemccceceecaeenns 353,827 Land Contracts, fe, common v,369,503 Deferred EXPenses ...oooocoooviiiiociianans 2,375,305 TOTAL ASSETS oceeeeereeeeeeen-$116.183.708 LIABILITIES— Capital Stock ........... Bonded Debt oii —— Minority Interest in Sub. ....... Notes Payable ........ Accounts Payable ...... Accrued Interest and Taxes Reserves .eceecenienee Diking District Bonds....... Surplus coeeeceeciciieia TOTAL I.JTARTILITTES oo. 1928 $ 35,258,631 12,277,231 37.273.902 134.493 5,127,862 2'514.802 2.848.773 0 nalg5y 23 1 95 299 569 1927 $ 37,608,555 11,771,402 38,108,385 112,315 5,638,594 2,357,376 3,082,509 9,840,042 332,691 3,248,918 2,892,023 $114.992.810 .03,471 051,631 *05,90¢ '9,92¢ Te + 56,381,490 46,295,451 591,408 :54,895 , 288,133 952,362 ,390,477 3 RAK. B94 “4 992 810 706 « FUNDED DERT As of Dec. 31. 1929 Name of Issue I. 1st Mtg. Series ./. 2. 1st Mtg. Series J ) 2, 1st Mtg. Series C........ tp 4. Conv. Gold Notes......ccceeeen..6% 5. Superior Oak Floor... .....6% ?ate reted “-22 1-23 .-..~26 .2-1-31 Ca1-28 Due 19 Authorized Outstanding %30,000,000 $8,800,000 A 11 Series 8,697,100 +11 Series 7,250,000 3,250,000 3.246,900 2950 000 60.000 a_1.9 DETAILS OF FUNDED ISSUES i. First Mortgage 6% Sinking Fund Gold Bonds. Series A Interest Payable: J. & J. 1 at Bank- Sinking Fund: $6 per 1,000 feet of ars’ Trust Co., New York, and Central timber cut or sold in Louisiana and Trust Co. of Illinois, Chicago. Texas and $3 per 1,000 feet for timber Trustee: Central Trust Co. Chicago, cut or sold in California and Oregon, Michigan Trust Co. Grand Rapids. and Mla appraised value of all other ie . Lo. 1ssets. Registerables As to principal. Tax Status: Penn. 4-mill tax refund-Denominations: Coupon $100. $500. ed. Company pays normal income tax $1,000. ap to 2%. Callable: At any time upon 60 days’ Security: Secured, with other series, notice at 105 and for sinking fund pur- by a first mortgage on mills and standposes at anv time on 20 davs’ notice at ing timber, valued at 200% of amount 101 af bonds. LUMBER AND TIMBER COMPANIES Offered by: Halsey, Stuart & Co. Trust & Banking Co., Hibernia Securi-(30. H. Burr & Co., New York; Lacey ties Co., New Orleans, July, 1926, at 92. Securities Corp., Chicago; Mercantile Price Range "929 1928 Trust Co., G. H. Walker & Co., Wm. R. High .... ¥ 92 Compton & Co., St. Louis; Interstate Low .... 87 2. First Mortgage 6% Sinking Fund Gold Bonds, Seres Interest Payable: A. & O. 1 at Bank- Tax Status: Penn. 4-mill tax refundars’ Trust Co., New York, and Central ed. Company pays normal income tax Trust Co., Chicago. up to 2%. Trustee: Central Trust Co., Chicago; Security: Same as Scries “A.” Michigan Trust Co., Grand Rapids. Offered by: Halsey, Stuart & Co., Registerable: As to principal. [nc., and Geo. H. Burr & Co. New inati : Coupon $100, $500, York; Lacey Securities Corp., Chicago, We ons b 3 3 and Hibernia Securities Co., New Or-© : ; 60 davs' leans; E. H. Rollins & Sons. Hallgorten Callgble At any ume upon D 3 sv & Co. Blyth & Co.,, Wm. H. Harriman notice at 105 and for sinking fund pur Lh - «es at any time on 30 davs notice & Co., Illinois Merchants Trust Co., a 3 #* July, 1923, at “t+ and July, 1926, at 97. sinking Fund: Same as Series A, ex- Price Hon 1929 1928 cept sinking fund commences Oct. 1, High . a. 93 93 1926. low .... ereeeee TD 87 3. First Mortgage 6% Sinking Fund Geld Bonds, Series C Interest Payable: F. & A. 1 at Bank- cept sinking fund commences Aug. 1, >rs’ Trust Co., New York, and Central 1926, and ends Aug. 1, 1946. Trust Co., Chicago. Tax Status: Penn. 4-mill tax refund-Trustee: Central Trust Co., Chicago, ed. Company pays Federal income tax \lichigan Trust Co., Grand Rapids. up to 29%. Registerable: As to principal. Security: Same as Series A. ” 100, $500, Offered by: Halsey, Stuart Co. Inc, pemominations Coupon $10 $5 E. H. Rollins & Sons, Hallgarten & Co, o . Blyth, Witter & Co. and W. A. Harri-Callable: As a whole on any mer. man & Co.. New York. and Illinois >st date on 60 days’ notice at 105 an Merchants Trust Co., Chicago, July, for sinking fund at any time on 30 1926. at ¢ lays’ notice at 101. ’ Price Ran: (onvertible: Interchangeable. High sinking Fund: Same as Series A, ex- l.ow _ aze 4. Convertible 3-Year 69% Collateral Gold Notes Interest Payable: J. & D. 1 at Hal- bonds of Longview, Portland & Northsey Stuart & Co., New York and Chi- ern Ry. due 1945. rago. Tax Status: Penn. Conn, and Calif. Trustee: Central Trust Co. of Illi- { mills, Maryland 41% mills, and D. of nr0is, Chicago. C. 5 mills, and Mass. 6% income re-Registerable: As to principal. funded. Federal income tax up to 29% Denominations: Coupon $100, $500 paid. 31.000 ; ' ! Security: A direct obligation of the CL or . J crompany and specifically secured by Callable: On 45 days’ notice at 102 dledge of like amount of Longview, prior to Dec. 1, 1927, and at 12% less portland & Northern Ry. Co. 1st 6's. each year thereafter pricy to Dec. 1, Series A of 1945 : 1930. and at par thereafter. or - vo p Lhere } Offered by: Halsey, Stuart & Co, Convertible: At any time until 15 Inc.,, E. H. Rollins & Sons, Hallgarten days prior to maturity or redemption & Co. and W. A. Harriman & Co., Inc. date into like amount of 1st mortgage New York, Dec... 1926 at 98 3. Superior Oak Flooring Ce. First 6s Interest Payable: J. & D. 1 at Mer- Tax Status: Company pays normal ~antile Trust Co., St. Louis. income tax up to 29%. Registerable: As to principal. Security: First mortgage on probp-Denominations: Coupon $500 and erty at West Helena, Ark 11,000. _ . Callable: At anv time on 60 davs' Other Details: Assumed bv lLongnotice at 102. ell T.umber Co McCORMICK (Chas. R.) LUMBER (0. GENERAL OFFICE: 215 Market St, San Francisco. HISTORY: Incorporated under laws of Delaware, Mar. 20, 1925. A consolidation of following corporations: Chas. R. McCormick and Co., of San Francisco, (1903); Chas. R. McCormick Co., of Los Angeles (1922): Chas. R. McCormick Co., of San Diego (1911); Chas. R. McCormick Steamship Co. (1922): McCormick Intercoastal Steamship Co. (1923); St. Helens Dock and Terminal Co. (1919); St. Helens Creonsoting Co. (1912): St. Helens Lumber Co. (1912): Island I.umhbher Ca (1919) 38 THOMSON'S MANUAL In 1925, company purchased from Puget Mill Co. approximately 60,000 acres of timber land tributary to Puget Sound; 20,000 acres tributary to Columbia River, and two saw mills located at Port Gamble and Port Ludlow, Wash. respectively. BUSINESS: Company operates logging camps, saw mills, lumber terminals, distributing yards, also steamships in the Pacific. both coastwise trade and interroastal trade. . PROPERTY: Company owns.two saw mills at St. Helens, Ore. on Columbia River; two saw. mills on Puget Sound, at Port Gamble and Ludlow, respectively; .umber terminals at San Francisco, San Pedro and San Diego, California; dis-:ributing yards in various California inland cities. Company owns and operates ’ coast-wise lumber steamers and 9 in the inter-coastal trade. OFFICERS: Chas. R. McCormick, Pres.; 8S. M. Hauptman, Vice-Pres.; E. H. Meyer, Vice-Pres.; C. E. Helms, Vice-Pres.; J. S. Brown, Sec. & Treas. DIRECTORS: J. S. Brown, E. B. Degolia, 8. M. Hauptman, C. R. McCormick, C. E. Helms, A. G. Harms, J. L. Deahl, C. L. Wheeler, G. A. Pope, Jr.,, R. E. Smith, BE. H. Meyer. GENERAL AUDITORS: Hood & Strong, San Francisco, Calif. fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tuesday in April. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding No Par 50,000 Shs. 25,000 Shs. No Par 130,000 Shs. 99,696 Shs. PREFERRED STOCK: Takes prece- solders: 2. No dividends have been dence as to dividends and as to assets paid. in case of liquidation. Company acts COMMON STOCK: No. of Stockholdas own transfer agent. No. of Stock- ers: 387. No dividends have been paid. BALANCE SHEET, As of Dec. 31, 1927 ASSETS LIABILITIES Hong, Timber, ER pen B12. 751, 550 Capital and Surplus... . lants & Equip. After Dep... 7,003,1 bt oo. Vessels, After Dep. TT 7490919 onaed, Bens : Investments .eeeveevveeer oe. ‘7,925 Notes Payable ..ocovnnnen ene [nvestment in Affiliated Cn "5,402 Accounts Payable .......... Notes Receivable ___..... 621 REeSOeTVeS ......... Accounts Receivable .. 3 TIBI .cnvibummnni RRR 0 Life Insurance Cash Value. » Inventories ....oooooioiiiiiiiiin. Jue from Afiliated Cos.......... Deferred Charges .................... 4 Total Assets ...occccoceen......$28.561.304 FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized {. 1st S. F. Gold Bonds Series A...... 69% 11-1-26 11-1-41 $6,000,000 2. 1st S. F. Gold Bonds Series B...... 6% 11-1-27 11-1-41 $ 600,000 }. Second Mortgage Bonds... 4%% 11-1-26 1927-40 3$13.167,963 t- FIRST SINKING FUND 6% GOLD BONDS, SERIES A & RB. Interest Payable: M&N 1 at Equit- Tax Status: Company pays 29% norable Trust Co., Portland, Ore.; Harris mal Federal income tax. Trust & Savings Bank, Chicago; Bank security: First mortgage on all comaf California, N. A.,, San Francisco. panies’ timber one phe Ihysicel prop. » i - erties appraise at $14, . ran a arPrustee: Equitable Trust Co., Port first preferred ship mortgage on all Callable: On any interest date on 30 companies’ ships and vessels. Addition. jays’ notice at 103, to Nov. 1, 1931, at al bonds may be issued provided total 102. to Nov. 1 1936. and at 101 prior sonds to be outstanding do not exceed ‘0 Nov. 1. 1941. ~~" 32.60 per 1000 ft. of merchantable timee . per then subject to lien of mortgage. Sinking Fund: Bi-monthly of $1.50 Offered by: Minnesota Loan & Trust oer M timber logged preceding 60 days (o., Minneapolis; Lumbermans Trust 0 purchase call bonds. Sinking fund (o, Portland; Harris Forbes & Co., New to be increased proportionately. York, and Lacey Securities Corp., Chi-Additional Bonds Issued: Dividends cago. Feb. 1927, at 100. may not be paid on common stock, un- Price Range: 1930—High, 96: Low. lees a like amount into sinking fund. Rid: 1929—High. 100: Low. 94 2. SECOND MORTGAGE BONDS. Interest Payable: Only on serial ma- Principal Payable: Oct. 15, 1927, urities. Accrued interest from date of $300,000; Oct. 15, 1928-1939, $500,000 ssue added to total amount of un- each: Oct. 15, 1940. $6.876.962. plus acmatiitred mortgage rrued interest LUMBER AND TIMBER COMPANIES NICOLAI DOOR COMPANY GENERAL OFFICE: Portland, Ore. BUSINESS: Manufacturers of fir doors, sash and other interior finish . "TWDED DEBT, As of Dec. 31, 1929 First Mortgage Lug: Rate Dated Due Authorized Outstanding Gold Bonds .. . 6% 5-15-29 1931-39 $350,000 $350,000 Interest Payable: NM-v and Nov. 15 Registerable: As to principal only. at office of trustee. Denominations: $100, $500, $1,000. Principal Payable: $35,000 on May Callable: At 102. 1, each vear, 1931 .. .938, inclusive; Tax Status: Company pays 2% Fed-$70,000 May 1, 1939. eral Income Tax. Trustee: TU. S. National Bank, Port- Security: First mortgage on com-‘and, Ore. pany's plant in Portland, Ore. NORTHWESTERN LUMBER COMPANY GENERAL OFFICE: Hoquiam, Wash. HISTORY: Organized under laws of Washington, 1882, bv George Emerson, one of the pioneers of Hoquiam, Wash. BUSINESS: Operates sawmills, logging railroads and logging camps. PROPERTY: Lumber mill at Hoquiam, Wash. daily capacity 200,000 feet, valued at $800,000. Owns 300 million feet of timber in the North River section of Grays Harbor County, Wash, valued at $1,328,000. Company's entire property, including mills, timber, railroads and equipment, valued at $3,430.390. as of July L, 1927. DFFICERS AND DIRECTORS: Ralph D. Emerson, Pres.; F. G. Foster, Treas.; Wilfred H. Cole, Secy.; A. W. Callow, Frank DB. Lamb, l.eonard Howarth. TUNDED DFBT, As of Dec. 31, 1929 ” Dated Due Authorized Outstanding 7-1-27 1928-37 $750,000 $600,000 Sinking Fund: Minimum $10,000 per month from payments of from $2.00 to $4.00 per 1,000 feet of timber cut or sold. Security: First mortgage on all fixed assets. Legal Opinion by: Judge Earl C. Dronaugh, Portland, Ore. Offered by: Lumbermen's Trust Co., July, 1927. OREGON-AMERICAN LUMBER COMPANY GENERAL OFFICE: 600 Keith & Perry Bldg., Kansas City, Mo SALES OFFICES: Yeon Bldg. Portland. Ore MILL OFFICE: Vernonia, Ore. CONTROL: 809% capital stock owned by Central Coal & Coke Co HISTORY: Incorporated under laws of Utah, June 26, 1917. BUSINESS: Operates extensive lumbering and logging operations in Oregon. fir, cedar, spruce and hemlock. PROPERTY: Owns 23,016 acres of land in Oregon estimated to contain 2,287,-000,000 feet of merchantable timber, principally yellow fir. Mill at Vernonia, Ore., with annual capacity of 180,000,000 feet, is owned by Delta Land & Timber Co.. and is leased by the Oregon-American Lumber Co. for the life of its timber holdings. OFFICERS: C. 8S. Keith,'Pres.; A. B. Ewing, Vice Pres.; J. E. Droughal, Secy.: J. E. Broughal, Treas. all of Kansas City, Mo. DIRECTORS: C. S. Keith, A. B. Ewing, Massey Holmes, H. F. Hall, all of Kansas City, Mo.; M. E. Singleton, St. Louis, Mo. GENERAL COUNSEL: Massey Holmes, Kansas City, Mo. GENERAL AUDITORS: C. L. Oliver, Kansas City, Mo. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. after 1st Mon. in Jan. Number of Emploves: 700. CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized Outstanding $100 $2,000,000 $1,360,000 3100 $3,500,000 $1.577.450 Central Coal & Coke Cu. No dividends have been paid. COMMON STOCK: 809% owned by Central Coal & Coke Co. No dividends paid. 140 THOMSON’S MANUAL COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 1928 412,476 208,319 215,677 332.314 .€,790 IR. 015 1927 -15,729 214.289 230,018 21.682 -308,336 226,827 «525 1682 Gross Revenue ................... Operating Expense .......ccccooeeee. Net Operating Result... Other Income ....... TOTAL INCOME .iiiiiccecieiee en Interest, Amortization, etc. NET DEFICIT eeeieeeeeeaemeeeacmeeneee — Deficit. 5a G98 COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 Assets— ‘929 1928 ABUL. oe mesensnsvareoromsnrunnnmsnrsmnemony sans s dissin RE stem utnnl 74,815 96,378 Accts. & Notes Receivable.iiccceceee. (9,842 282,228 inventories .... eeeereeanaemeneamnmnnes 901.018 142,829 Total CUrrent ASSetS.............os 1,155,675 135 Deposits, Trust Indent. oie 343 145 [Insurance Deposits .. RRR RAE 18,148 6,393 Damage Claims oeeremrernrees ees 36,051 6,608 Due from Affiliated Co.s ............... eee 117,965 7,742 Association Memberships .........ocot ciieiiain 1,101 1,102 Timber Lands and Rights.......occooiiiieecceeeeee 9,577,919 5,904,343 Logging Equip. etc... eeeeamemeaeeesneennneenee 1,496,773 +,540,745 Bond DiSCOUNT meee imeem eee een 95,439 116,993 Prepaid Ins. Supplies. ete. ieee 83.892 212,681 TOTAL ASSETS ...... ee eeee-$8.883.3086 $9.272,191 LIABILITIES AND CAPITAT.— Accts. & Notes Payable.......... Accrued Payrolls Accrued Interest ooo Accrued Taxes .. _ 1927 5 85,996 259,555 1.065.538 © 111,089 3,273 1.254 1102 5,377,553 1,662,805 139,325 280,207 20 886.609 89,335 22,727 32,350 10.291 Total Current Liabilities _......... .. 254 704 Rail Purchase Contracts... 0,375 Funded Debt .oooeereiceciiiiiiieen _,124,800 Reserve, ele. ...csmsssgmmminessoonss r——- 13,187 7% Preferred Stock... .. 2€0,000 TOMIMON SOCK anneeeeeceeeeeeeeeaeerimmeanmeenanneneeeee a DTT ARQ Jurplus & Appreciation ....cocceeeveereecacceen. 3.549 789 TOTAL LIABILITIES eee. $8 8R3.304 160,710 23,224 41,726 144.013 © 369,673 24,217 2,666,600 51,950 1,360,000 1,677,450 3.836.819 2G RKRAH.609 99,796 10,417 £08,100 41,709 50,000 517,450 2,674,718 0 272 191 FUNDED DEBT, As of Dec. 31, 1929 First Mortgage 6% Sinking Rate Dated Due Authorized Outstanding Fund Gold Bonds... ..oooceeeeeceeeenceee. 6% 4-1-27 4-1-42 $2.750.000 $2,124,800 Interest Payable: Apr. and Oct. 1 at sinking fund amount sufficient to make vffice of A. G. Becker & Co., Chicago. total pavment equal requirement on Trustee and Registrar: Continental 100.000 000 feet a year. fllinois Bank & Trust Co. Chicago. Tax Status: 29% Federal income tax Registerable: As to principal. pata by company. | Bn. and G20, 2 i i . mills, Minn. 3 mills, vy. 5 mills, . Denominations: $1,000, $500, $100. 11, mills refunded within 0 days after Callable: As a whole on any inter- payment. est date on 60 days’ notice at 105 and Security: First mortgage on all hitguest, ang 2 part for sinking fund fixed properties of the BE pany inat ve an mn erest. . zluding logging equipment and 23,016 Ang 22000 iaieny afiop acres of land estimated to contain 2,-’ ’ ’ ’ 7,000,000 f ‘chantahle tim-150,000,000 feet of timber shall have 2en.0004 feet of werchantehic sn been cut, whichever shall be earlier, Lezal Opinion by: Arthur B. Schaf-31.28 oor thousand Bet a fer Chicago for {he bankers; Massey cu rom mo fo} A eb, ’ 3 el By a thereafter $2.50 per thousand feet until dlolmes, Kansas City. Mo.. for the coma total of 1,000,000,000 feet shall have bany. peen cut, and thereafter $3.00 per thou- Offered by: A. G. Becker & Co., Halsand feet. In event amount of timber sey, Stuart & Co., Ames, Emerich & ut averages less than 100,000,000 feet Co. Baker, Fentress & Co.. Chicago. an vear Companv shall pav into the April 1. 1927. at 100. -+MBER AND TIMBER COMPANIES OREGON WHITE CEDAR COMPANY GENERAL OFFICE: Marshfield, Ore. HISTORY: Incorporated under laws of Oregon, 1928. BUSINESS: Conducts logging operations in Coos County, Oregon. PROPERTY: 1,680 acres, cruising 90,313,000 feet merchantable timber, approximately one-third of which is Port Orford white cedar, remainder fir, spruce and hemlock, located in Coos County, Oregon, tributary to Coos Bay. 1. 2 Preferred Stock Common Stock CAPITALIZATION, Ax of Dec. 31, 1929 Par Value Authorized vreenaneeeee $100 $600,000 No Par $606,352 Outstanding $600,000 $606,352 TTNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding 6% 10-15-28 10-15-33 $450,000 $450,000 Interest Payable: April and Oct. 15, Sinking Fund: $15 per M for white at office of trustee. cedar, $3 for spruce, $2 for fir, 50c¢ for Trustee: Continental National Bank hemlock, as cut. Trust Co. of Chicago. T S g rs 2 - Registerable: As to principal. ras Matus; Company pays 2% Fed Denominations: $1,000, $500, $100. . j R . Callable: On 30 days’ notice on any Security: First mortgages on timber interest date at par plus 14 % for each and equipment yalued at $1,325,000. unexpired year, but not less than 1% 9% Offered by: Blyth & Co.. Oct., 1928. nor more than 19%. at £100. OREGON LUMBER COMPAM GENERAL OFFICE: Baker, Oregon. HISTORY: Incorporated under laws of Washington, 1889 BUSINESS: Engaged in general lumber business. PROPERTY, Ete.: Company owns in fee approximately 50,000 acres of timber land in Grant and Baker Counties, Oregon, and estimated to carry over 532,445,-000 feet of pine and 74,850,000 feet of mixed timber, and by 10.000 acres in Hood River County, carrying 259,440.000 feet of Douglas fir and 31,300,000 feet of other timber. Two sawmills at Bates and Dee, Ore.,, and a box factory and finishing plant at Baker, Ore., together with logging railroad, logging equipment and 78% of the Capital stock of Sumpter Valley Railroad, which traverses the company’'s holdings. . Timber appraised in 1925 at $2,460,755. Plants and mills appraised at $1,055,-054. Logging railroad and equipment, $494,325.51; fixed assets had a total value of $4,010,134.51, without stock of Sumpter Valley Railroad. OFFICERS: J. M. Eccles, Pres.; Dean R. Brimhall, Vice Pres.; W. J. Eccles, Sec.-Treas.; J. G. Titley, Asst. Secy. DIRECTORS: John Inglis, Dean R. Brimhall, W. J, Eccles. Homes G. Eccles. J. M. Eccles. GENERAL AUDITORS: Haskins & Sells. Fiscal Year Ends: Dec. 31. Annual Meeting: 4th Mon. in Feb. Par Value Authorized Capital Stock ..... 3100 $1.000.000 Outstanding £996.600 FUNDED DERT, Ax of Dec. 31, 1929 First Mortgage Sinking ©. Rate Dated Due Authorized Outstanding Fund Gold Bonds.................... 6% 4-1-25 4-1-35 $1,500,000 $805,900 Interest Payable: April and Oct. 1. at Continental Illinois Bank & Trust Co., Chicago, or at Fidelity National Bank & Trust Co., Kansas City, Mo. Trustee: Fidelity National Bank & Trust Co., Kansas City, Mo. Co-trustee: I D. Lacy, New Windsor, N. Y. Registerable: As to principal. Denominations: Coupon, $100, $500, $1,000. Callable: On 30 days’ notice on any interest date at 104 to April 2, 1930: ‘ess 15% each year thereafter. Additional Bonds: May be issued up to 50% of cost of additional property acquired under this mortgage. Sinking Fund: Monthly pavment of £2.50 per 1.000 feet of pine timber and $1.00 per 1,000 feet of all other timber cut to purchase or call bonds at not to exceed redemption price. Tax Status: Company pays normal Federal income tax up to 29%. Secured: By a direct first mortgage on entire property of the company and by a pledge of 789% of outstanding stock of Sumpter Valley Ry. Co. Legal Opinion by: Messrs. Dowersock & Fizzell. Other Details: Issued to retire indebtedness. Offered by: Fidelity National Dank % Trust Co. Kansas City, Mo. and l.aev Securities Corp... Chicago. April. 1925. at 100 THOMSON'S MANUAL OWEN-OREGON LUMBER COMPANY GENERAL OFFICE: Medford, Ore. HISTORY: Incorporated under laws of Oregon, 1924. Organized to consolidate and operate timber land in Jackson County, Oregon, which the John S. Owen Company of Eau Claire, Wisc, had been selecting and assembling since 1913. BUSINESS: Owns about 1,100,000,000 feet of timber and operates a logging railroad, logging camps, sawmill with a capacity of 60.000.000 feet. planing mill, 20 dry kilns, machine shops, etc. SUBSIDIARIES: Medford Logging Railroad Company. . FUNDED DEBT, As of Dec. 31, 1929 First Mortgage Serial Rate Dated Matures Authorized Outstanding Sinking Fund Gold Bonds 5% % 11-16-25 1928-40 $3,500,000 $1,800,000 Interest Payable: May and Nov. 16 interest payment date at par and acit First Iowa State Trust Co., Burling- crued interest. :on, Ia., or Continental Illinois Trust Sinking Fund: Payments to be made Yo., Chicago. is trustee as timber is cut to total $3,-Principal Payable: On Nov. 16, each 0,000. sear as follows: $100,000, 1928 to 1932, Tax Status: Company pays 2% Fednel; $150,000, 1933 to 1935; $200,000, eral income tax. 936 to 1939; $250,000, 1940. Security: First mortgage on timber, . . land, railroad and mill properties. To-Trustee: Calvin Fentress, Chicago, tal value, $5,595,829. and First Iowa State Trust & Savings ’ AR > : : Other Details: Of $3,500,000 authorlank, Burlington, Ia. . . . ized, only $2,000,000 issued. Balance % Registerable: Coupon bonds regis- for any corporate purpose and 1% to erable as to principal. pay l% cost of additional timber. Denominations: $1,000, $500, $100. Offered by: Baker, Fentress & Co, Callable: On 30 davs' notice on anv Chicago. Nov.. 1925. PACIFIC SPRUCE CORPORATION GENERAL OFFICE: Toledo, Ore. HISTORY: Incorporated under laws of Delaware, Nov. 10, 1920, to purchase from the United States Spruce Production Corp. (a governmental agency). certain of its assets. Began operations in 1922. BUSINESS: Company said to be largest producer of spruce lumber in U.S. PROPERTY, PLANTS, EQUIPMENT, ETC.: Northern properties consist of 17,545 acres, owned in fee and 872 acres of long timber rights, cruising 994,854,000 feet. Southern properties include 12,759 acres, cruising 701, 815,000 feet, all rights, title and interest held under contract of purchase with the TU. S. Spruce Producion Corp. Company also owns 33% miles of standard gauge logging railroad and logging equipment sufficient for 5 complete camps. Plant located at Toledo, Oregon—annual capacity of 75.000,000 ft. running 83-hour shift per day. SUBSIDIARIES: Company controls the Manary Logging Co. the Pacific Spruce Northern Ry. Co. and C. D. Johnson Co. (the last being a sales organization). MANAGEMENT: H. B. Hewes, Chr. Bd.; C. D. Johnson, Pres.; Dean Johnson, Vice-Pres. & Gen. Mgr.; E. E. Johnson, Sec.-Treas.: R. S. Trimbull, Asst. Sec.: J. F. Markham, Asst. Sec.-Treas. DIRECTORS: HH. B. Hewes and C. D. Johnson, Portland, Ore.; Nathan Paine, Dshkosh, Wis.; C. R. Lyon, Decatur, 11l.; Dean Johnson, E. J. Kock, E. E. Johnson. E. W. Paine, J. W. McWilliams, all of Portland, Ore. Fiseal Year Ends: Dec. 31. Annual Meeting: 2nd Wed. in June. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding 1. 7%Cumulative Preferred Stock... $100 $4,000,000 $3,019,400 2. Common Stock .... ceeeeeee. No Par 1.000.000 Shs. 486.090 Shs. INCOME STATEMENT, Year Ending Dee, 21. 1029 NOt SALES oomeoememeemeeooemoeamrresameensemeanmameanes somes Coste and Operating EXDENSes ..o..ccameecaeees ....-$2,674,032 aa, 2 RQ2 E28 80,504 29,995 aR 773 TOtAl TICOIMNE cooieeeoeeeememaeomcmacamsonmmeas = immcossssmmmssssis sxissssssooos eae $ 207.236 ViSCE11ANEOUS TEXDEIISE ooooooooeoceicocaamomemaeoasamssirsas am ormomamsoosiasirassomsssoosainsisioas nesses 9.885 CS ® 197.351 Operating Income (lumber)... eens Miscellaneous Operating Income ieee Dther Income eam eee t=Neat Tnecome LUMBER AND TIMBER COMPANIES COMPARATIVE BALANCE SHEET, As of Dec. 31 noaq ASSETS— Cash «com Receivables .... Inventories ...... J & & Total Current Assets ..... - Property (less depreciation) ..........o.oiiiiiiiiir cereeeiannn, INVeSEMENLE coerusrsimmmsesrsess A SA ST ST Stock Purchase Contraets...... [3ond Discount and Expense... i... Deferred Charges ..... TOTAL ASSETS ..... LIABILITIES— Notes and Accts. Payable. ieee, ACCIUDIE cuwmmsnnmsnmmiis ee emma ane Provision for Taxes.. el oe Total Current Liabilities........................... en Preferred Stock .. eememaeeenn—e———— a Common Stock . NY Funded Debt ...... een eeneeeneeneeseeaense——nnn Reserves .oouomecoceecvnicnnnn. ee remeesesssesseneenneasam——n Deferred Liabilities .... Surplus ... TOTAL LIABILITIES _....... Net Working Capital... eee. Ration Current Assets to Current Liabilities........ Book Value, Common Shares... + 43 1928 62,449 733.591 805.268 1,601,500 0,912,249 55,451 2,720 ‘20 3 41.523 13.269. 044 +215 ~ Jo 12.296 "50 91 297 239 255 " A u.07 FUNDED DEBT, As of Dec. 31, 1929 First Mtge, and Refunding Rate Dated Due Authorized Outstanding Sinking Fund Gold Bonds... 6% 9% 10-1-24 10-1-39 $6,500,000 $2,559,700 " Interest Payahites April and Oct. 1 at Tax Status: Pays 29; Federal Income. “ontinental and Commercial Trust & Security: First mortgage upon 17,545 pavirgs Lank, Clicage, or U. S. Nat. acres of timber lands owned in fee and Trustee: Continental & Commercial X12 acres timber rights carrying 994,-Trust & Savin s Bank. Chicago 854,000 feet of timber (over 219% spruce) Registornbles As 10 ‘princi Ro. and railroad and logging equipment. Deaominationss Coupon L300 $500 ‘n addition the Corporation assigns all and $1,000 * » dghes hmasy jes CHLTACE of purchase TUN : . : Vit the nite States overnment bie ASW Bolg ox in part on ey ‘overing 12,759 acres carrying 701,815,-plus 19% per year in advance of ma- wa feof of poor (over 331% % spruce) turity, the premium in no case to ex- filroad and plant. ceed 2% 9%. Offered by: Baker, Fentress & Co. Sinking Fund: Payments on a gradu- ‘ontinental & Commercial Trust & Savated scale according to timber re- ngs Bank and Harris Trust & Savings leased, calculated to retire bonds before Jo., Chicago, and Blyth & Co., San 26 of timber is cut Francisco, Oct. 1. 1924 .at 100 PECK LOGGING COMPANY. Limited GENERAL OFFICE: Vancouver, B.C. BUSINESS: Logging of timber tracts and sale of logs and by-products. PROPERTY, PLANTS, EQUIPMENT, ETC.: Company owns timber on eight licenses, tributary to Frederick Arm, on Vancouver Island, cruising 105,000,000, Owns operating equipment adeauate to turn out 10,000.000 ft. annually. Valued in 1925 at $325,000. OFFICERS: George A. Peck. Pres. & Treas.; L. B. McClellan, Secty.: 8 Mack Smith, Director. - DED DERT, As of May 1, 1930 Rate Dated Due Authorized Outstd. 7% 5-1-25 5-1-33 $125,000 $125,000 Interest Payable: May and Nov. 1 at 1l5¢ per lineal foot; shingle bolts, $1.50 office Freeman Smith & Camp, Port- per cord; piling, 2c per foot. land or San Francisco. . Tax Status: Co. pays 2% Federal In-Trustee: Yorkshire & Canadian Trust, come Tax. r.td. : . . . 2 Security: Closed First Mortgage on Denominations: $100, $500, $1,000. otal fixed assets of company, now Callable: Callable “by lot or in >wned or hereafter acquired whole on 30 days’ notice on any inter- i : . est date at 103. , Legal Opinion by: Douglas & Gibson, Sinking Fund: First three years at Barristers, Vancouver, B.C. $2.00 per thousand feet of timber cut. Offered by: Freeman, Smith & Camp Thereafter, $2.25 per thousand. Poles. Co., Portland. Ore.. Mav. 1925. at 100. THOMSON'S MANUAL PENINSULA LUMBER COMPANY GENERAL OFFICE: Portland. Oregon. FIRST MORTGAGE 6%% SERIAL GOLD BONDS Dated: Oct. 1, 1923. Due: Serially Amt. Authorized . eeeneeenaaa-3400,000 April 1, 1924, to Oct. 1, 1929... Now in Amt. Retired .. $£250.000 jefault as to principal and interest _ since October 1, 1928. - Amt. Outstanding Dec. 31, 1929..§150,000 Trustee: Security Savings & Trust Note: In default as to principal and Jo.. Portland, Ore. interest since Oct. 1, 1928. PORT ORFORD CEDAR PRODUCTS COMPANY GENERAL OFFICE: Marshfield, Ore. HISTORY: Incorporated under laws of Delaware, July, 1928, as a consolidation of Western White Cedar Company, Coos Veneer & Box Company and Pacific Veneer Company, all of Marshfield, Ore. and to acquire extensive stands of Port Orford cedar timber available to manufacturing plants. PROPERTY: Holdings of the company total over 33,360 acres largely owned in fee simple, located in Coos, Curry and Douglas Counties, Oregon. Lands carry, according to estimates, 214,269,000 feet of Port Orford cedar (all owned in fee except 19,360,700 feet of timber rights) and in excess of 920,000,000 feet of other timber, largely Douglas fir (all owned in fee except 86.088.500 feet of timber rights). At Millington near Marshfield, is located company’s sawmill, capacity 20,000,-000 feet annually; at Marshfield two veneer and battery separator plants using approximately 12,000,000 feet annually. Marshfield and Millington are located on Coos Bay, a deep water port; cargo shipments loaded directly aboard vessels. Plants also served by Southern Pacific Ry. The company has contracts with other operators in the Coos Bay district for Julivary Port Orford cedar logs. These contracts cover an estimated 137,200,000 eet. OFFICERS: C. E. Dant, Chr. of Bd.; A. E. Adelsperger. Pres.; J. D. Goss, Secy.: Claude Nasburg, Treas. GENERAL AUDITORS: Haskin & Sells. Fiseal Year Ends: Dec. 31. Annual Meeting: 1st Mon. in Feb. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding 1. 7% Cum. Pref. Stock.ooooooe- cecccececceee.. $100 $1,000,000 None 2. Common Stock .... eee. $100 $7.000.000 $6.178.683 FUNDED DEBT, As of Dec. 31, 1929 First Mortgage Sinkinz Fund Rate Dated Pue Authorized . Outstanding Gold Bonds ...... eee 69% 2-1-29 2-11-39 $3.500.000 $2,400,000 To be used to retire bonds bv purchase or call. Security: First direct mortgage on all timber, railroads and plants of the company. So long as any bonds are outstanding, company shall not pay dividends which would reduce current 1ssets below 3 times all current liabilifies. Legal Opinion by: A. C. Shaw, Portand, Ore., and Henry Fitts, Chicago. Purpose: Issued to complete payment of timber acquired, to retire current indebtedness and for additional working capital. Offered by: Baker, Fentress & Co. and Continental Illinois Co... Chicago. March. 1929. at 9815, Interest Payable: Feb. and Aug. 1 at Anglo & London-Paris National Bank, san Francisco, or office of trustee. Trustee: Continental Illinois Bank % Trust Co., Chicago. Registerable: As to principal. Denominations: Coupon. $100. $500 and $1,000. Callable: As a whole or in part on 30 days’ notice on any interest date at par plus 14% for each unexpired year or part thereof, but not to exceed 102. Sinking Fund: Payment of $18.00 per 1,000 feet of Port Orford cedar and $1.00 on Douglas fir to trustee in-advance of cutting of mortgaged timber. ROGUE RIVER LUMBER COMPANY GENERAL OFFICE: Portland, Oregon. . HISTORY: Incorporated under laws of New York, in 1907. BUSINESS: Acquiring and holding timber for investment. PROPERTY: 45,000 acres of land estimated to carry 1,589,503,000 feet of timber. Dne-quarter in Sugar and Yellow Pine and three-quarters Fir, located in Rogue River and Butte Creek water sheds, in Jackson County. Oregon. 20 miles east of Medford, valued in 1927 at $3,066,851. MANAGEMENT: Nelson P. Wheeler, Jr.,, Pres., Endeavor, Pa.; W. A. Dusenberry, Portville, N. Y.; Egbert W. Mersereau, R. W. Mersereau, E. L. Mersereau, L. R. Wheeler, Portland, Ore.; W. M. Wheeler, San Francisco, Calif.; Chas. R. Orr. DIRECTORS: Estate of M. H. Quick, Manistique. Mich.. stockholders LUMBER AND TIMBER COMPANIES FUNDED DEBT, Ax of Dee. 31, 1929 Rate Dated Due Authorized . 6% 2-1-27 2-1-37 $750,000 interest Payable: Feb. and Aug. 1, at »ffice of trustee. Trustee: Continental and Commercial Trust & Savings Dank and Calvin Fentress, Chicago, Ill Registerable: Registerable as to srincipal. Denominations: $5,000, $1,00, $500, $100. Callable: On 30 days’ notice on any interest date at 100 and accrued inter-145 Outstd. $500,000 est plus a premium of 1,9 for each unexpired year. Sinking Fund: $2.00 per thousand ft. for sugar and yellow pine and 40c¢ for other species, as cut. Tax Status: Interest payable without Jeduction for normal Federal Income Tax up to 29%. Security: First mortgage on land and timber. Offered by: Baker, Fentress & Co, Chicago. Ill, Feb., 1927. SHAW BERTRAM LUMBER COMPANY GENERAL OFFICE:" Klamath Falls, Ore.. BUSINESS: Conduct logging operations and manufacture lumber, lath, boxes, and box shooks. PROPERTY: Own a 125-acre millsite, sawmill, lath mill, booming grounds, planing mill, box factory, at Klamath Falls, Ore.; logging equipment, logging railroad and equity in timber contracts, estimated value in 1926, $600,000. Company holds contract with U. 8S. Dept. of Interior covering 228,000,000 feet of Indian Reservation timber. This contract was valued at $230,000 in 1926. DIRECTORS: J. R. Shaw, Pres.; R. S. Shaw, Klamath, Falls, Ore.; W. G. E. Smith, S. C. E. Smith, Portland, Ore.; A. W. Norblad. Astoria, Ore. FUNDED DEBT, Asx of Dec. 31, 1929 First (Closed) Mortgage Sink- Rate Dated Due Authorized Outstanding ing Fund Gold Bonds...............6%9% 10-1-26 10-1-34 $300,000 $300.000 interest Payable: Oct. and April 1, Calif. personal prop. tax, not exceedoffice of trustee. ing 5 mills, and pay 29% Iederal in-Trustee: Title & Trust Co.. Portland. ome tax. Denominations: $1,000, $500, $100. security: First (closed) mort , kal y ’ ! ¥: $ se gage Callable: On 30 days’ notice at $102 on all property. and timber contracts. until Oct. 1, 1928, 101% next 2 years, 7 : v : and 101 thereafter. Legnl Opinion by: Veazie & Veazie, sinking Fund: Payment to trustee Portland, for underwriters, and Wilbur, monthly at $1.50 per M reservation tim- Beckett, Howell & Oppenheimer, Portber and $1.00 per M on logs purchased iand, for company. sutside. Offered by: Freeman, Smith & Camp Tax Status: Company will refund Co.. Portland. Ore... Oct., 1926. at 100 STOUT LUMBER COMPANY OF OREGON GENERAL OFFICE: North Bend, Ore. HISTORY: Incorporated under laws of Delaware, 1923, to acauire properties in Dregon, formerly owned by the Buchner Lumber Co. BUSINESS: Manufacturing lumber, from standing timber to finished product. operating logging camps, railroads and lumber mills. PROPERTY: The company owns in fee approximately 15,351 acres of timber lands in Coos and Douglas Counties, Oregon, and under lease an additional 440 acres. In 1928 lands estimated to carry 952,933,000 feet of timber. A mill, located at North Bend, Ore., has a capacity of over 100,000 feet each eight-hour shift. Company also owns a coastwise lumber steamer. capacity of 700.000 feet per trio. CAPITALIZATION, Ax of Sept. 1, 1928 Tr ~Value “Cinrized l : 1 Preferred A Stock. Preferred B Stock... 1% Preferred Stock... . Common Stock .... FUNDED DEBT Rate Dated Due Authorized 69. 10-15-28 10-15-31 2550.000 l'irst Mortgage Sinking Fund Gold Bonds Outstanding $1,000,000 $2,108,000 $1,000,000 2 104 209 Outstanding 2550.000 46 THOMSON'S MANUAL Interest Payable: April and Oct. 1, cut, depending on the grade. To be rt Continental Illinois Bank & Trust used exclusively for the retirement of Jo., or Calvin Fentress, Chicago. the bonds. Trusttes: Continental Illinois Bank Tax Status: Company pays normal %, Trust Co., Chicago: Calvin Fentress, Federal income tax up to 29%. “hicago. Lo. Security: Closed first mortgage on Registerable: As to principal. substantially all property of the com-Denominations: Coupon, $100, $500 pany, including timber, plants, railand $1,000. ©. ~oads and equipment. Callable: At 101% on any interest . . ia jate on 30 days notice as a whole or Purpose: To provide for retirement in part. . of purchase money mortgages. Sinking Fund: Payments of from Offered by: Blyth & Co.. Portland, $1.50 to $2.50 per 1,000 feet of timber Ore., Oct., 1928. at 981, TRASK TIMBER COMPANY GENERAL OFFICE: Portland, Ore. HISTORY: Incorporated under laws of Oregon. BUSINESS: Owning and operating Oregon timber lands. PROPERTY: 19,540 acres, cruising 1,223,000,000 feet (1926) ,located 45 miles from Portland, Ore., appraised in 1926 at $2,621,758. STOCKHOLDERS: N. P. Wheeler, Jr., Endeavor, Pa.; Wm. M. Wheeler, San Franrsisco, Calif.; J. E. Wheeler, L.. R. Wheeler, Portland, Ore.; E. W. Pfeiffer, New York City. auaranteed First Mortgage Rate Dated Due Authorized Outstanding Sinking Fund Geld Bonds........ 6% 12-15-26 12-15-36 $1,250,000 $800,000 Interest Payable: June & Dec. 15 at to be paid to trustee for all timber cut. >ffice of trustee. Tay tatus: s 2 Fed-Trustee: Detroit Trust Co. Detroit, at Stans: Cowipiny pays % Fe Maoh eninationss $1,000, $500. Security: First lien on all company’s Callable: At 102 and accrued inter- holdings. Bonds guaranteed jointly est on 30 days’ notice on any interest and severally by all stockholders. date. Offered by: Baker, Fentress & Co. sinking Fund: $2.00 per thousand ft. Chicago. T11., Dec. 1926. at 100. THOMSEN & CLARK TIMBER COMPANY, Ltd. GENERAL OFFICE: 1222 Standard Bank, Vancouver, B. C. BRANCH OFFICES: Exchange Bldg. Seattle. HISTORY: Incorporated under laws of British Columbia, July, 1923, succeeding Esary Lumber Co. BUSINESS: Engaged in logging operations in the Home l.ake region of Vansouver Island, British Columbia. PROPERTY: Company owns 18,537 acres of Crown Grant timber lands with astimated 742,000,000 feet of timber in 1923. Railroad and logging equipment. OFFICERS: E. B. Clark. Pres.: Moritz Thomsen. Vice Pres.; John N. Burke. Sec.-Treas. DIRECTORS: E. B. Clark, J. L. Peterson, John N. Burke, Vancouver. B. C.: Moritz Thomsen, C. M. Thomsen, Seattle, Wash. = GENERAL AUDITORS: Price, Waterhouse & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Mon. in Feb. CAPITALIZATION, As of Dee. 31, 1929 >ar Value Authorized Outstanding £100 $250,000 $250,000 $100 $500,000 $449,000 100 £2. 000.000 $2.000.000 l. 7% Cum. 1st Pref. Stock. 2. 7% Cum. 2nd Pref Stock 2 Common Stoelc 1. 7% CYFVUr +7 vi "NEFERRED STOCK (1st and 2nd) Provisions: Has preference as to as- Dividends: None paid until Mav 1. sets and 7% cumulative dividends from 1928. Feb. 1, 1924. Transfer Agent: At company’s office. Voting Power: Has no voting " Number of Stockholders: 1st pfd.. 5: rower 2nd pfd., 3. 3. COMMON STOCK Voting Power: Exclusive voting Transfer Agent: At company's ofrower. fice. Dividends: None paid. Number of Stockholders: 20 LUMBER AND TIMBER COMPANIES COMPARATIVE BALANCE SHEET, As of May 31, 1930 Dec. 31, 1928 eeen-$2,069,449 $2,228,366 ee 107,974 107.828 .. 588,245 993,537 -- 360,000 360,000 © 952 1047 1g 4 AS EN Dec. 31,1927 $2,175,922 107,828 1,075,851 360,000 C007 445 270 “15 “99 90 Timber .... Real Estate. Equipment smn SER GASES Securities ........ eemane Sinking Fund ..... temo amnan Purchase Contract ... CPR Deferred Charges ..... ean = CT HBN oman erermmmmnaman an Accounts Receivable ....... Inventories ......... eer meeenmameamaanan Deficit .. TOTAL ASSETS ... 05¢ LIABILITIES-First Preferred Stock.....o.d Second Preferred Stock... Common Stock ...... emmemmmEnn sansa nns San nn seis Funded Debt ......... a mmeamemeememmeeneeeaenans Preferred Dividends Due... - ee Bank Loans ......... Accounts Payable . Interest Accrued .. Tax Reserve ....._..... Wages Payable ........ Other Reserves .......... suronlus 250,000 $49,000 2.000,000 "87,000 "9,344 5,000 9,132 nage 0 .0 00 15 a sa 00 N00 S00 L000 -55,500 00,000 26,209 771 ‘9 6 “5 17 ne 036,24 ¢ "UNDED DEBT, af May 31, 192¢ Guaranteed First Closed Mortgage Sinking Fund Rate Dated Due Gold Bonds ..... . 1% 2-1-14 2-1-34 TOTAL, T.TARILLITIES Authorized Outstanding $1,000,000 $387,000 and removed to be used to retire this Issue, Tax Status: Company pays Federal income tax, 2%. Security: First mortgage on fixed assets and personally guaranteed by E. B. Clark and Moritz Thomsen, of Seattle. Legal Opinion by: Messrs. Peters & Powell, Seattle. Offered by: Geo. H. Burr, Conrad & Broom, Pierce, Fair & Co. Seattle; Lacey Securities Co., Chicago, Ill Date Cfr.red: Feb, 1924. Price: Par. isted+ *n Seattle Stock Exchange. I' ice . LDhx i 1928 High a7 101 Low 47 99 14 Interest Payable: Feb. 1 and Aug. 1 at National Dank of Commerce, Seattle, vr Continental & Commercial Bank, “hicago. Trustee: Montreal Trust Co., Michigan Trust Co. co-trustee. Registrar: National Bank of Commerce, Seattle. Registerable: As to principal only. Denominations: $500 and $1,000. Callable: In whole or part on 30 days’ notice at 102% up to Feb. 1, 1927, and thereafter at 149 for each 1nexpired year. Sinking Fund: Semi-annually of §2 per thousand feet for all timber cut THURSTON-FLAVELLE INVESTMEN 3 a WMP GENERAL OFFICE: Vancouver, B. C. SUBSIDIARY OF: Thurston-Flavelle, Limited. HISTORY: Incorporated to hold certain assets of the parent company. PROPERTY: Owns timber lands on Menzies Bay, Vancouver Island, containing L00.000.000 feet and 509% of the Common stock of Lamb Lumber Co., Ltd “TYDED DEBT, As of Dec. 31, 1929 First Mortgage Sinking Rate Dated Due Authorized Outstanding Fund Gold Bonds ........_ Tet 10-1-27 10-1-32 $150,000 $120,000 interest Payable: Apr. and Oct. ~ at + Sinking Fund: $2.00 per 1,000 feet Bank of Montreal. stumpage on all timber cut. Principal Payable: $30,000 paid Oct. Secured by: First mortgage on all l, 1929; £40,000 due each Oct. 1, from the properties of the company, includ-1930 to 1932, inclusive. ing timber lands, stock holdings, etc. . Trustee: Canadian Permanent Trust Also guaranteed bv Thurston-Flavelle “Registernble: As to principal Ltd. Denominations: Coupon, $1,000. Legal Opinion by: Walsh, MelKim. Callable: On any interest date in Housser & Molson, Vancouver, IB. C. whole or part at par plus 1 for each Offered by: Pemberton & Son. Vanmmexpired vear rouver. [Ltd Oct 1927 at 100 48 THOMSON'S MANUAL TUM-A-LUM LUMBER COMPANY GENERAL OFFICE: Walla Walla, Wash. HISTORY: Incorporated under laws of Washington, 1906. BUSINESS: Operates 23 retail lumber yards handling lumber, fuel and building materials in Yakima Valley and Walla Walla sections of Washington, and 22 yards in northern and central Oregon: total, 45 yards, with annual turnover exceeding $2,000,000. « SUBSIDIARY: Pendleton (Ore.) Lumber & Coal Co. OFFICERS: J. M. Crawford, Pres.; J. T. Crawford. Vice Pres.; C. H. Crawford, Treas.: H. E. Crawford. Secy. FUNDED DEBT, As of May 31, 1930 First (Closed) Mortgage Rate Dated Due Authorized Outstanding serinl Gold Bonds ...ccccceceo......6%% 4-15-27 1927-38 $250,000 $190,000 Interest Payable: April and Oct. 15, Tax Status: Company pays 2% Fedat office of trustee. % eral income tax. Principal Payable: emi-annually, Security: First (closed) mortgage Apr. & Oct. 15, $10,000 Oct. 15, 1927 to op real estate, construction and equippir or hae $12,500 Oct. 15, 1932 t0 ment having an appraised total value : . ’ + f $6¢ .81. Trustee: Equitable Trust Co. Port- nf $656,253.81 . and, Ore., and Union Trust Co., Walla Legal Opinion by: Reynolds, Flegel ‘Walla, Wash. % Smith, Portland, Ore. Registerable: As to principal. Other Details: Bonds are personally Denominations: $1,000, $500, $100. guaranteed by J. M. Crawford, Pres, Callable: By lot in blocks aggregat- whose life insurance of $50.000 payable ng $5,000 or more on any interest pay- to trustee. ment date; upon 30 days’ notice at 102 Offered by: Lumbermen’s Trust Co. and accrued interest. Portland, Ore., April, 1927, at 100. UMPQUA MILLS AND TIMBER COMPANY GENERAL OFFICE: Reedsport, Ore. HISTORY: Incorporated under laws of Oregon, 1924. BUSINESS: Company operates sawmill of 100,000 feet daily capacity. Owns timber land and carries on logging operations. PROPERTY: In addition to sawmill located on tidewater at the mouth of Umpjua river at Reedsport, Ore., company owns 20,000 acres of timber land, which, in 1925, cruised 930,000,000 feet, and appraised at $1.700.000. Logging eauipment, etc, with total valuation of $1,942,535. DFFICERS: J. O. Elrod. Pres.; L. R. Welles, Vice Pres., Portland. Ore. FUNDED DERT, As of May 31, 1930 First Mortgage Sinking Rate Dated Due Authorized Outstanding Fund Bonds -.... veeee 69% 9-15-25" 1927-38 $750.000 $480,000 interest Payable: March & Sept. 15, but never less than 100%. at trustee's office. Sinking Fund: $2.25 per thousand Principal Payable: Semi-annually, feet for all timber removed from the Mar. & Sept. 15; $50,000, 1927 to 1928; tract to retire all but $50,000 of the 330.000, 1929 to 1938. ponds: 75c per thousand feet to retire Trustee: Continental & Commercial last $50,000. Trust & Savings Bank and Calvin Fen- Tax Status: Company pays 2% Fed-:ress, Chicago, Il. aral income tax. Registerable: As to principal. Security: First mortgage all fixed Denominations: $1,000, $500, $100. assets. . Callable: On 30 days’ notice at 100 Offered by: Baker, Fentress & Co. slus of 19 for each unexpired vear. Chicago. Ill.. Sept. 1925. VANCOUVER ASSOCIATED LUMBER INTERESTS GENERAL OFFICE: Vancouver, B. C.* HISTORY: Incorporated under laws of British Columbia. The associated interests comprise the Vancouver Lumber Co., Litd.; Vancouver Cedar Mills, Ltd.; Mainland Cedar Co., Ltd., and the Mainland Timber Co. Ltd. All of the capital stock except qualifying directors’ shares of the Mainland Timber Co. and Mainland ~edar Co. and approximately 82% of the Vancouver Cedar Mills Co. is owned by -he Vancouver Lumber Co., Ltd. The controlling interests of the Vancouver Lumber Co. Ltd. are in turn owned bv the Vancouver Associated Lumber In-.erests. BUSINESS: Produces fir and cedar lumber and holds timber lands in British Moluimbia. _UMBER AND TIMBER COMPANIF 149 PROPERTY: Properties of the company include 30,515 acres of timber land, held under perpetual license or leases and estimated to carry in excess of one billion feet of merchantable timber; two mill plants, one at Vancouver and the other at North Vancouver; waterfront real estate, and complete logging and woods equipment. OFFICERS: CC. P. Mayer, Pres.; C. . Keith, Vice Pres.; L.. C. Thomas, Sec.-Gen. Manager. DIRECTORS: C. P. Mayer, C. S. Keith, L.. C. Thomas, J. H. Kirby, C. 8S. Battle. Fiscal Year Ends: De p Annual Meeting: 3rd Tues. in Feb. Par Value Authorized ceeeeeeeee $100 $4.000,000 Stock is closely held and dividends not reported. ~UNDED DEBT, As of Dec. 31, 1929 First Guaranteed Sinking Rate Dated Due Authorized Outstanding Fund Bonds ... eee 13% 1922 1937 $1,250,000 $1.250.000 Interest Payable: May 1 and Nov. 1, Tax Status: Company pays 2% Fedat the National Bank of Republic, Chi- eral income tax. cago. . . Trustee: Montreal Trust Co. Mon- Security: First mortgage on assets (real and Calvin Fentress. Chicago. of Vancouver Lumber Co., Vancouver Registerable: As to principal (cou- Cedar Mills, Mainland Timber Co. and pon bonds). Mainland Cedar Co. Denominations: $100, $500, $1,000 Other Details: Guaranteed, jointly Callable: In whole or in I" on any ind severally, principal and interest, interest date upon 30 days notice at OV endorsement on each bond hy Mr. 105 and accrued interest. A. l.. Clark and Mr. E. C. Knight. Sinking Fund: Provides that $1.80 Offered by: Daker, Fentress & Co. per 1,000 feet must be paid for one bil- National City Bank and Peabody, lion feet of timber covered by the mort- Houghteling & Co.. Chicago. Mav, 1922. gage as removed. at 100. WESTERN TIMBER COMPANY GENERAL OFFICE: Eau Claire, Wisconsin. HISTORY: Incorporated under laws of Washington, 1904. Incorporated as a timber investment company with an original investment of $500,000. It is one of a group of three corporations (namely, the Western Timber Company, Fir Tree Lumber Company and Nehalem Timber & Logging Company), all controlled by substantially the same stockholders, which acauired aabout 21 billion feet of timber properties. PROPERTY: 1,050,000.000 feet of timber valued at $3,292,700 on approximately 14,500 acres of land located in Cowlitz County, Washington. Affiliates: Fir Tree Lumber Co. and Nehalem Timber & Logging Co. are controlled by substantially the same stockholders which control Western Timber Co. OFFICERS AND DIRECTORS: A, J. Keith, Pres.; T. B. Keith, Treas, Eau Claire, Wisc.; Henry Turrish, Vice Pres, Duluth, Minn.: Wm. Carson. Burlington. Iowa: A. J. Marsh, Eau Claire. Wisc. T"NDED DEBT, Ax of Dec. 31, 1929 Rate Dated Due Authorized Outstanding -.- 6% 10-15-28 1930-38 $1,500,000 $1.500,000 1 & Oct, 15 at tirst Mortgag (old Bonds Interest Payabl. and interest, plus 1% 9% for each unex-‘rustee’'s office. pired year, premium in no event to ex-Principal Payable: $60,00v semi. ¢ral income tax and refunds Pa. prop. annually, Oct. 15, 1930, to Apr. . , 1932, tax not exceeding 4 mills. incl.; $75,000 semi-annually, “(52 to Sinking Fund: $2.00 per M paaid 1934; $100,000 semi-annually, 1934 to trustee as timber is cut or released L938: $160,000 Oct. 15, 1938. from mortgage. Trustee: Continental National Bank Tax Status: Company pavs 20 Fed-& Trust Co. of Chicago. eral income tax. Registerable: Coupon bonds regis- Security: Closed 1st mortgage land terable as to principal. and timber. Denominations: $1,000, $500, $100. Offered by: Baker, Fentress & Co.. Callable: On 30 days’ notice at par Chicago. Oct. 199% THOMSON'S MANUAL WASHINGTON VENEER COMPANY GENERAL OFFICE: Olympia, Wash. CONTROL: By Aircraft Plywood Corp., Seattle, Wash. HISTORY: Incorporated under laws of Washington, 1924. In Oct., 1929, Aircraft Plywood Corp. acquired 2,005 of the 4,000 outstanding common shares. BUSINESS: Engaged in the manufacture of veneers and plyboard panels, for doors, auto bodies, trunks, furniture, sign boards. ete. Also manufacturer lumper in standard specifications. PROPERTY: Concrete and steel veneer plant, with equipment for 80,000 square feet per day. Sawmill of 60,000 feet, board measure, capacity. Tl.ocated on salt water at Olympia, Wash. DFFICERS: E. Westerman, Pres. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding 1. 8¢ Cum. Pref. Stockuooceerccceeee. $100 $500,000 $500,000 2, Common Stock icici. = $100 8.000 shs 4.000 shs PREFERRED STOCK Provisions: Entitled to cumulative Tax Status: Company pays normal dividends at the rate of $8 per share Federal income tax up to 2%. per annum. Has preference as to as- Dividends: Payable semi - annually sets Jan. and July 1, at Capital Nat. Bank, Callable: At 104 as a whole or in Olympia. art on any dividend date on 60 days’ Public Offering by: Marine National notice. Co., Seattle, March, 1930, at 100. INCOME STATEMENT, Year Ending Dec. 31, 1929 Gross Sales cueeceecceeeieeeeeaaaneaa$1,998,554 Selling & Gen. Expense............ 151,383 Less Freight and Allowances. 109 268 —-— Net Sales oo - Net Operating Profit......$ 233,230 Cost of Manufacture...... Interest, Amortization, Misec..... 56.319 Gross Profit 0 ,ul3 Net Profit .. eeeeen$ 176.911 COMPARATIVE BALANCE SHEET, As of Jan. 1 ASSETS— 1930 CASH ceeeeeeeeemcceem creme eens 19,861 Accounts Receivable ___..... 202,386 mventorv 164.760 1. R]R% CUMULATIVE 4,659 93.075 120.368 $ 228,102 4.500 767,873 11.101 ¢1 001.576 Total Current Assets | nvestments—Stocl .... Fixed Assets ......... Deferred Charge TOTAL ASSETS . LIABILITIES Current ... [ES Fixed ......... ————————————————— Tasers mane RESCTVES ietrmmcccceeeaacamememaeas enn em——————-Common Stock ..iveevicicees roman EA ERE ER Preferred SOCK eee camee + —mmemmeameecaeamaocmcamasnnnan eos Surplus—=Special .... eee eee eee mmam mmm mmmmmemnemmemaemaanae-SUrplns ees —————— TOTAL LIABILITIES Tl. 5.600 ©1767 434 "F488 474 991 000 000 .39 ngY ,1.767.434 154,573 144,818 115,485 £00,000 91,390 (05.310 1 001.576 FUNDED DEBT, As of Dec. 31, 1929 First (Closed) Mortgage Sinking Rate Dated Due Authorized Qutstand. Fund Gold BondS..............._.. 6Y%% T-1-928 7-1-36 $150.000 $127,500 Interest Payable: Jan. and July 1at $7,600 principal amount of bonds by National Bank of Commerce, Seattle. purchase at not exceeding par and in-Trustee: National Bank of Com- ‘erest or call by lot. nerce, Seattle. Tax Status: Company pays 2% Fed-Registerable: As to principal. aral income tax. D i i : 0 Security: First closed mortgage on vp Do omisnt ons Coupon, 354 any all fixed properties now owned or here-Caliable: As a whole or in part by after acquired. lot on any interest date on 60 days’ Legal Opinion by: Messrs. Donworth. notice at 100 and accrued interest. Todd & Holman, Seattle. Sinking Fund: Beginning Jan. 1, Offered by: National Bank of Com-1098 retire each succeeding 6 months merce. Seattle. July. 1926, at 9915. LUMBER AND TIMBER COMPANIES WALTON LUMBER COMPANY GENERAL OFFICE: Everett, Wash. HISTORY: Incorporated under laws of Washington, 1913. BUSINESS: Manufacturers and distributors of Douglas Fir and Hemlock Lumber. Also manufacture Douglas fir veneer and plywood. PROPERTY: Electrically driven sawmill, built in 1927, at a cost of $1,184,580. Millsite of 100 acres, located on the Snohomish river, adjoining the city of Everett, Wash. SUBSIDIARIES: The Wallace Falls Timber Co., which owns contracts on 260,-000,000 feet of merchantable timber near Gold Bar, Wash. Walton Veneer Co., which manufactures veneer and plywood. OFFICERS: Clyde Walton, Pres.: Roy W. Thomas, First Vice Pres.; Edward I. Wight, Vice Pres. FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding ee BU 10-15-27 1928-32 $250,000 $200,000 '—=-il & Oct. 15, Tax Status: Company pays 2% Federal income tax. Security: Pledge of 2,999 shares of a total of 6,000 shares of the Wallace Falls Timber Co. and are guaranteed by indorsement by Clyde Walton, W. W. Walton, E. D. Walton, Roy W. Thomas and Ed B. Wight. Legal Opinion by: Donworth, Todd & Holman, Seattle, Wash. Offered by: Baillargeon, Winslow & Co. (Seattle Co.), Oct.. 1927 at 100 Secured Serirl CG Notes Interest Payableit trustee's oi: _c. Principal Payabl:. {25,000 each October 15, 1928 to 1%31, incl.; $150,000 Jct. 15, 1932. Trustee: Everett Trust & Savings Sank, Everett, Wash. Denominations: $1,000, $500. Callable: In inverse order on 30 days’ notice at 101 on any interest payment date up to Oct. 15, 1931, incl, and thereafter at 100%. WOOD & ENGLISH, Limited GENERAL OFFICE: Vancouver, B. C. HISTORY: Incorporated under laws of British Columbia, Dec. 1, 1917, as Nimpkish Timber Co. Name changed to above May 7, 1924, BUSINESS: Organized to consolidate and operate a group of Crown Grant timber properties and perpetual timber licenses in the Nimpkish I.ake region on Vancouver Island, B. C. PROPERTY: Company owns 50,000 acres of land with standing timber estimated at 1,300,000,000 feet. Timber Investment Co. owns approximately 1,500,-000,000 feet of standing timber, unencumbered, 50% of which is tributary to Wood & English, Ltd. properties. Wood & English also owns 18% of the capital stock pledged under outstanding bonds. Equipment includes 6 logging camps, 40 miles of railroad, 21 donkey engines, 5 steam locomotives and 125 cars. The mill has a two-shift capacity of 300,000 feet B. M., and wharf and vards are on deep water at Englewood, B. C. OFFICERS: F. J. Wood, Pres.; Norman A. English, Sec.-Treas. Fiscal Year Ends: Dec. 31. Annual Meeting: 4th Mon. in March CAPITALIZATION, As of Dee. 31, 1929 0 Yalue Authorized ~0 $ 500.000 0) 22 500.6000 7% Cum. Pref. Stock... Common Stock o.oo... ...... NOTE: Stock closely h='~ Outstanding $ 500,000 22 500.000 of Dec. 31, 1929 First Coll. Trust 8 2d Due Authorized Outst. Fund Gold Bonds......... 5-1-3¢ $1,000,000 $624,700 Collateral Gold Notes... 1931 $ 250.000 $200,000 i. FIRST MORTGAGE & COLLATERAL TRUST 7% SINKING FUND GOI.D RONDS . bo, Interest Payable: May 1 and Nov. 1 at Bank of California, N. A., Seattle, Portland, Tacoma or San Francisco. Trustee: Yorkshire & Canadian Trust, Litd., Vancouver, B. C. Denominations: Coupon, $100, $500. $1,000. Callable: At 103 on anv interest date on 30 davs’ notice Sinking Fund: $1.25 per M cut from standing timber with following minimum requirements: 1926, $35,000; 1927, to 1931, $65,000 each; 1932 and 1933, $75.000 each; 1934 to 1937, $80,000 each; 1938 and 1939, $85.000 each. To be used in purchase or redemption of honds at nat exceeding 103. secured: Bv a first lien on all the THOMSON'S MANUAL fixed assets now owned or hereafter acquired. Also joint and several obligations of Wood & English, Ltd., Fred J. Wood, Anna B. Wood, E. G. English and Alice K. English. Legal Opinion by: R. H. Coshun, Seattle: Messrs. Morrison, Dunne & Brobeck, of San Francisco, and A. H. Mc-Neill. Vancouver, B.C Offered by: Carstens & Earles, Inc, and John E. Price & Co. Seattle, and Lumbermen’s Trust Co. and Freeman, Smith & Camp Co.. Portland, Ore., June. 1924. at 100. Price Range: Up to June, 1930, company was paying from 100 to 102 for bonds for sinking fund. 2. 6% COLLATERAL TRUST NOTES interest Payable: May and Nov. 1 at Equitable Trust Co., Portland, Ore. Principal Payable: $50,000 due Nov. ., 1930, and $150,000 due Nov. 1, 1931. $50,000 paid as first payment Nov. 1, 1929. : Prustee: Equitable Trust Co., Portand, Ore. Registerable: As to principal.: Denominations: Coupon, $500, $1,000. Callable: As a whole or in part in nverse order on any interest date on 30 days’ notice at 101. Tax Status: Company pays 2% Fedaral income tax. security: Pledge of 250,000 shares >f capital stock of E. A. Wood Lumber To. and 1,249 shares capital stock of wyman Timber Co. Also by joint and several obligation of Wood & English, Ltd., and by Frederick J. Wood and Bdward Geo. English. Legal Opinion by: Judge Earl C. Bronaugh, Portland, Ore. Purpose: Issued to refund part of similarly secured issue. Offered by: Lumbermen’s Securities Corp., Portland, and National Bank of Commerce. Seattle. Nov... 1928. at 100. WHITE PINE SASH COMPANY GENERAL OFFICE: Spokane, Wash. JISTORY: Incorporated under laws of Washington, 1910. BUSINESS: The company manufactures knock-down sash, window and door rames, mouldings and various by-products. PROPERTY: The company owns a wood-working plant at Spokane, sawmills at Kettle Falls and Milan, Wash. The Spokane and Kettle Falls plants are appraised at $950,000. Timber lands, other lands, and city real estate costing $118,-200, other timber lands and properties in connection with Kettle Falls and Spo-<aane plant have not been appraised, but estimated to be worth $100,000 in 1926. SUBSIDIARIES: Company owns 66% of stock of Glendale Sash & Millwork Co. ocated in New York City. Company also owns 809% of the stock of White Pine Sash Co., of Illinois. OFFICERS: H. G. Klopp, Pres.; T. F. Whiteman, Secy. FUNDED DEBT, As of Dee. 31, 1929 } First Mortgage Sinking Rate Dated Due Authorized Outstanding Fund Gold Bonds .................... 6% 2-14-26 1927-34 400.000 $320.000 Interest Payable: Quarterly, April through mill and $2 per M on all tim-15. July 15, Oct. 15 and Jan. 15, at trus- ber cut; $5 per acre on cut-over land ee’s office. released from mortgage. Principal Payable: $20,000 on each 0 Status: avs 29 Fed-April 15, 1927-28; $40,000 on each April cary Beatng: Company pavs % ‘5, 1929 to 1937. . . Trustee: Old National Bank & Union Security: First mortgage on alt meust Co., Spokane, Wash. ixed assets. Denominations: $500, $1,000. Legal Opinion by: i Pi “all : i t & Witherspoon, Messrs. en, in-Jotliable: On 20 Snieress dais a ston & Allen, Spokane, Wash. sinking Fund: Quarterly, March 10, Offered by: Ferris & Hardgrove. ate. 50c per M on all lumber passing Spokane and Seattle. Aug.. 1926. INTEREST TABLES Devores—1 day to 1 year by days, 360 and 265-dav basis. 1 to 6% by 4s, 61% to 10% by %s. Price $7.00. Stouts—1 day to 1 year bv davs, 360 and 365-day basis, 1 to 10% by us. Price $7.00. Quick—1 day to 1 year by days, 5, 6, T and 8% 360-day basis. Price$2.50. Robinsonian Universal, $7.00. Delbridge Wonderful—90 days, $5.00; 180 days, $10.00; 360 days, $20.00. We stock all standard Interest Tables. THOMSON’S BUSINESS BOOK SERVICE Qeoattle Wash ..UMBER AND TIMBER COMPANIES THE WHEELER-OSGOOD CORPORATION GENERAL OFFICE: Tacoma, Wash. BRANCH OFFICES: Los Angeles, Calif.; Spokane, Wash.; Chicago, Ill.; Portland, Ore. HISTORY: Incorporated under laws of Washington, 1889, with paid-in capital of $70,000. Increased to $175,000 in 1905, which was all the capital ever paid in. BUSINESS: Company is a complete unit in the manufacture of doors, owning and operating its own sawmill, veneer mill and sash factory in connection with door plant. Production has increased from nominal output to more than 10,000 doors per day. Said to be largest door manufacturing company in the world. Advertises nationally the “Laminex” Door—a copyrighted trade name. PROPERTY AND PLANTS: Modern factory located on 17 acres of land in heart of Tacoma's manufacturing center; 600,000 sq. ft. of floor space; daily capacity, 10,000 doors. In May, 1929, physically consolidated Nicolai Door Manufacturing Co. of Portland, Ore. OFFICERS: George J. Osgood, Pres.; W. R. Ripley, Vice Pres. and Treas.; George R. Osgood, 2nd Vice Pres.; W. C. Wheeler, Jr., Secy. DIRECTORS: W. D. Clark, N. O. Cruver, Geo. J. Osgood, Geo. R. Osgood, R. L. Reedy, T. E. Ripley, Wm. R. Ripley, W. C. Wheeler, Jr., all of Tacoma, Wash. GENERAL AUDITORS: Price, Waterhouse & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Tues. in Jan. Number of Employes: 1,500. CAPITALIZATION, As of Dec. 31, 1929 Dar Value Authorized +100 $1.000,000 .v Par $4,000,000 1. 6% PREFERRED STOCK Provisions: Preferred as to assets Voting Power: Has equal voting and Cum. dividends of 6% per annum. power with Common. Shares equally with Common in addi- Dividends: Regular dividends paid tional dividends mm any calendar vear yarterly Jan. Apr. July, Oct. 28 to after Common receives an amount equal Dec. 31, 1929, except for T%% which to 6% on the outstanding Preferred were in arrears at that date stock. In event of liquidation or disso- . : lution entitled to $110. Transfer Agent and Registrar: Com-Callable: On any dividend date upon Pany’'s office. 20 davs’' notice at 110. Number of Stockholders: I5 2. COMMON STOCK Voting Power: Equal with Pre- since 1918. Paid stock dividends 100% ferred. in 1908, 275% in 1920, and 430% in 19249. Dividends: No cash dividends paid Number of Stockholders: 58 COVPARATIVIE "07OVWVE STATEMENT, Years Ending Dee, 31 P Operating Revenue __.................... . Other Income Net Sales oo... Mfg. Sales Costs... 1927 770 ~%0 I~ TOTAL INCOME Depreciation .... BALANCE unin. on foramnn rene m Interest. Amortization, ete. .... NET INCOME ....... Preferred Dividends ..... Stock Dividends ..ooooooiiiiiiiaeL Add. to Surplus and other items Deficit for year... Earned per share Preferred... .......... COMPARATIVE CONSOLIDATED BALANCE S. ASSETS — 1929 Land, Bldgs., Equip., ete... ...........%%.063.615 Investments __...._........... . 14,158 Stocks in Subsidiaries .... ee manan "18,039 Advances to Employes... 32,919 Due from Affiliated CoO.S.oooooemmmoeieeeeeeeenn. 00,000 Discounts on Bonds... meee 53,165 Deferred Charges 11 O59 -» of Dee. 31 928 ..948,470 41,810 200,000 44,633 00,000 £6,469 15 9K 4 ~0 RRA 1927 $2,058,819 40.560 250,000 83.587 71,268 1740 1 THOMSON'S MANUALT Current Assets— JASN eee eeea nanan ne 87,245 Marketable Securities ....... . 70,262 Trade Acceptances .. .. eee 46,513 Notes Receivable _.............. GR 9,918 Accounts Receivable oon. 373,257 Acc. Interest Receivable... 9,286 Cash Sur. Val. Life Ins. oo. 70.495 Total Current Assets................. 782,812 TOTAL ASSETS . eee. $6.035.762 LIABILITIES— Preferred Stock ...... rerieneee--$1,000,000 *Common Stock .... reeeee 3,000,000 Funded Debt _. .. 020,000 SUTPIUS coeeceemcecncmmeecceemneceeeseneannannnenmsamnenmnnemeeenes 108.407 Current Liabilities-Accounts Payable Notes Payable ...... Accrued Interest .... Accrued Wages .... Tax Reserve oie ceaee Miscellaneous Accrued .......cooiiiimieaeees Accrued Freight Claims... Total Current Liabilities........ TOTAL LIABILITIES ...... Net Working Capital... Ratio, Curr. Assets to Curr. Liabilities....... Book Value Common Shares ..oooooooooe.__ ‘Common carried at $50 a share. FUNDED DEBT, As of Dec. 31, 1929 First Mortgage Gold Rate Dated Due Authorized Outstanding Bonds. Series A _.______.__.............6% 3-1-26 3-1-41 $1.500.000 $1.020.000 interest Payable: Mar. & Sept. 1, at Tax Status: 29 Federal income tax office of irasise, Tacoma, Seattle, Port- paid by company. .and, San Francisco. , _ : Trustee and Registrar: The Bank of Security: Secured by first mortgage ~alifornia, N. A., Tacoma, Wash. on all of the properties of the company. Registerable: As to principal only. Additional bonds may be issued up to Denominations: Coupon. $500 and $300,000 for not exceeding 50% of cost 51,000. . of betterments providing net earnings, Callable: On any interest date on 30 after depreciation and interest charges, QE Fai ap Ths In to 22 naming aqual three times interest charges on A 1, 19 1 2 0 i i hereafter up to and including Mar. 1. honds outstanding and to be issued. 1940; thereafter at 104, M 1 Offered by: Dean, Witter & Co., Se-Sinking Fund: eginning ar. y attle, Mar., 1926 at 981%. 1927, annually, 5% of the largest . ] 7% 1529 1928 amount of bonds at any time out- Price Range: standing, but not less than $60.000 each High ...ccommes reeemeeae 94 94 vear OW .. R88 90 5 115,257 60,933 8,500 299541 225 173 "0,065 47.301 5 124,169 82,965 7,664 124,169 1,791 51.781 1.480.162 24 002 2323 SECTION V. PULP AND PAPER COMPANIES Including operating pulp and paper companies in the Pacific Northwest whose securities are in the hands of the public. BRITISH COLUMBIA PULP & PAPER (CO. Ltd. GENERAL OFFICE: 602 Hastings St.,, Vancouver, B. C. MILL OFFICE: Port Alice, B. C. HISTORY: Incorporated under laws of Canada, Dec. 24, 1925, to acquire the assets and properties of the Whalen Pulp & Paper Mills, Ltd., at a forced sale. The latter was formed in 1917 and acquired British Columbia Sulphite Fibre Co. IL.td., Empire Pulp & Paper Mills, Ltd.,, and Colonial Lumber & Paper Mills, Ltd. BUSINESS: Manufactures pulp which it markets for book, writing and other papers in the United States .and other countries. PROPERTY: Company owns and operates a bleached sulphite plant at Woodfibre, B. C., with a daily capacity of about 110 tons, and a sulphite pulp mill at Port Alice, B. C,, having a capacity of about 100 tons per day. Controls approximately 155,000 acres of leasehold timber lands, estimated to contain about 6,000 - 000 feet of timber. Company also owns a lumber, shingle and pulp mill at Swanson Bay, with a capacity of 40 tons per day. OFFICERS: Lawrence Killam, Pres.; W. J. 3B. Wilson, Vice 7 son, Treas.; Ethel M. Dominy, Secy. George Kidd, W. H, Malkin. R. C. Buchanan, O. A. Jor= nsec B. C.; I. W. Killam, Victor E. Mitchell, of Montreal GENERAL AUDITORS: Price, Waterhouse & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: Last Thurs CAPITALIZATION, As of Dec. 31, 19% Par Value Authorized 7% Cum. Red. Pref. Stock..cccceeeeeeeee... $100 $1,000,000 Common Stock veecveeeneeaeeoNO Par 150,000 shs Qutstanding $556,200 100.000 shs i. 7% CUMULATIVE REDEEMABLIE PREFERENCE STOCK Dividends: Payable quarterly Feb. 1, Montreal & Vancouver. ete. Initial dividend paid Feb. 1, 1927, Registrar: (Canadian Trust Co., Monof $8.75, covering 15 months’ accrued treal, and Roval Bank of Canada. VVanand $1.75 paid quarterly thereafter to couver. March, 1930. Listed: Traded on Toronto Stock Ex-Transfer Agent: Montreal Trust Co., change. 2. COMMON STOCK Dividends: None paid 1930. Listed: Traded on Toronto Stock Exchange. COMPARATIVE INCOME STATEMENT, Years Ending Dee. 3 Net Operating Earnings....... Depreciation and Taxes. no 102¢€ 03 29, 4 Net Earnings Interest on Bonds Net Profit ........................ Preferred Dividends Surplus for the vear....................ocoooiiii. Earned, per share Preferred Stock................ Earned, per share Common Stock. ~ - 4 N36 x. 62 no THOMSON'S MANUAL COMPARATIVE CONSOLIDATED BALANCE SHEET ASSETS— 929 928 39,459 196,136 246,375 150,500 297,855 217,022 9792 244 722 139 Cash... emer ananne eae Marketable Securities ois Accts. and Bills Receivable... WEEE [nventories ean Total Current Assets.....l.ccecccceceeeeeee.. 957,033 Plants and Timber... ceemenmrenemmemnenennenee 348,155 Investments ............. eemmmemmeeaseeneemmeeeannn 20,000 Treas, Bonds cccsmmsmmsesessessssmmmasmssssssmmoiesemn eens Sinking Fund oo... RR , 225 Deferred Charges ........ armenian 22.451 TOTAL ASSETS eee. 38 948.864 DT E85,797 3¢9,583 20,000 62,685 265 16,129 $9.034.459 LIABILITIES— Accts. and Wages Pay. ....... Accrued Bond Interest... Tax Reserve emeemeeen-§ 218,091 52,915 14 000 y 218,743 53,765 14 R50 Total Current J.abilities ..._. Preferred Stock . Common Stock .... ARR Funded Debt Contingency Reserve .._.. Surplus + 285,006 ceeee 556,200 ... 3,000,000 eemmmemeee 5,041,50 10,000 ih 1R5R , 287,358 256,200 3,000,000 5,126,500 10,000 R4.401 TOTAL LIABILITIES . -. oe s25,864 $9,034,459 Net Working Capital... eee. 1,272,027 1,298.439 Ratio, Curr. Assets to Curr. Liabilities........ 5.4:1 5.5:1 Naol Valle Common shares £20.56 $30.54 FUNDED DEDIT, As of Dee. 31, 1929 Rate Dated Due Authorized I. 1st Sink. Fund Gold Bonds... 6% 1-2-26 11-1-50 $7,500,000 2 Gen. Sink. Fund Gold Bonds 7% 1-2-26 11-1-50 $2.500.000 1927 277,698 150,500 280,950 A954 427 3 11,663,585 7.424.148 82,685 16.570 $9 186.988 $ 287,327 54,575 19.124 5 361,026 556,200 3,000,000 5,207,500 11,100 31 162 $9,186,988 1,302,559 4.6:1 e220 51 Outstanding $3,541,500 21 500.000 1, FIRST MORTGAGE 6% SINKING FUND GOLD BONDS Interest Payable: May and Nov. 1, before 1936: at 103 before 1941; at 102 at Bank of Nova Scotia. before 1946 and at 101 thereafter. 5 Trustee: : \ “ Sinking Fund: Annual payments be-Trustee: Montreal Trust Co. Mon- ginning Nov. 1, 1928, of 2% bonds is-Registerable: As to principal sued plus interest on books redeemed - - . . : to retire bonds. Denominations: Coupon, $100, $500 Security: First mortgage on all the nd $1,000. . properties of the company, including Callabley At 105 before 1931; at 104 mills. timber lands. ete 2. GENERAL MORTGAGE 7% SINKING FUND GOLD BONDS Interest Payable: May and Nov. 1° at 104 until 1936; at 103 until 1041; at at the Bank of Nova Scotia. 102 until 1946, and at 101 thereafter ‘tee: Sinking Fund: Annual payments be-Tenses Royal Trust Co. Montreal. ginning Nov. 1, 1931, of 2% of bonds Registerable: As to principal. issued plus interest on bonds redeemed Denominations: Coupon, $100, $500 to be used to retire bonds. ind $1,000. Security: Second mortgage on all Callable: On any interest date on 30 properties of the company subiect to dave notice at 105 to Nov. 1. 1931. incl.: first 69, mortgage. COLUMBIA RIVER PAPER (COMPANY GENERAL OFFICE: Oregonian Bldg., Portland, Ore. HISTORY: Incorporated under laws of Delaware, Oct. 26, 1926, BUSINESS: A holding company, owning 98% of Common stock of the Oregon Pulp & Paper Co. and all Common stock of Columbia River Paper Mills, which in turn owns the capital stock of the California-Oregon Paper Mills. Also owns 519% Common stock and 50% Preference stock of Vancouver Kraft Co.. Ltd., Port Moody, B. C. OFFICERS: TF. W. Leadbetter, Pres.; W. B. DuBois, Vice Pres.; B. L. Steeves, Vice Pres.; A. S. Fleming, Vice Pres. Sec. & Treas.; W. P. Donnelly, Asst. Secy. DIRECTORS: Ambrose Cronin, Jr.,, J. J. Donovan, W. ‘B. DuBois, A. S. Fleming, ®. W. Leadbetter, Pittock Leadbetter, R. H. Noyes, H. G. Reed, B. L. Steeves. Fiscal Year Ends: Dec. 31. Annual Meeting: 4th Tues. in Jan. CAPITALIZATION: Par Value Authorized . Outstanding 1st $7 Cum. Pref. Stock.........ccceecec.....No Par 20,000 shs .... None 2nd $6 Cum. Pref. Stock.......................No Par 50,000 shs 44,409 shs Common StoCK .ccercceeeeeeeerneceanneennneee. NO Par 50,000 shs - 34,544 shs Anthorized capital increased from 120.000 to 130.000 shares Feb... 1929 PULP AND PAPER COMPANIES CALIFORNA-OREGON PAPER MILLS GENERAL OFFICE: 55th and Alameda Sts., l.os Angeles. CONTROL: Columbia River Paper Mills, Portland, Ore. owns entire capital stock. HISTORY: Incorporated under laws of California. BUSINESS: Manufactures high-grade krafts, tissues, wax paper and fruit wrappers. PROPERTY: Mill located at Los Angeles, Calif.,, with daily capacity 40,000 pounds. Company. Owns 50 million feet standing timber in Washington. Company owns 37% of Columbia River Paper Mills, Vancouver, Wash. OFFICERS: F. W. l.eadbetter, Pres.; L.. H. White, Vice Pres. Treas. and Asst. secy.; A. 8S. Fleming, Vice Pres. Sec. and Asst. Treas.; L.. M. Hambric, Asst. Treas. DIRECTORS: F. W. Leadbetter, L.. H. White, V. P. Cole, J. W. Heaney, A. S. Fleming. CAPITALIZATION 1. 89% Preferred Stock..... 2 Common Stoclk Authorized Outstanding $284,500 $840,900 Iirst (Closed) Mortgay Gold Bonds ................................6w Retired to Jan. 2. 1930, $210,000 FYTTNDRD PORT - of Dee. 31, 1929 Due Authorized 1925-35 $350,000 Outstanding £140.000 Interest Payable: Jan. and July 1, by Equitable Trust Co., Portland, Ore. or Pacific Southwest Trust & Savings lank, Los Angeles, Calif. Principal Payable: $31,500 Jan. 1, 1925, to 1928, incl.; $32,000 on Jan. 1, 1929, to 1934, incl, and $12,000 on Jan. 1, 1935. Trustees: Kquitable Trust Co., Portland, and Pacific Southwest Trust & savings Bank, Los Angeles. Registerable: As to principal only. Denominations: $1,000, $500, $100. Callable: In reverse numerical order m 30 days’ notice at 101. Sinking Fund: 1f dividends paid on Common stock. eaual amount must be deposited with trustee to redeem bonds other than regular serial requirements. Tax Status: Company pays 2% FFederal income tax. security: First mortgage on all the fixed assets, $150,000 capital stock of Tolumbia River Paper Mills deposited vith trustee. Company agrees to mainrain net quick assets equal to 1509 of ‘unded debt. Legnl Opinion by: McCamant & Thompson, Portland, Ore.; Schloss & Ackerman, San Francisco, for the bankars; Heaney, Price & Postal, South Darsara, Calif., for the company. Offered by: Freeman Smith & Camp. Jan. 1924, Priced according to maarity to vield 6 509 to 6.750. COLUMBIA RIVER PAPER MILLS GENERAL OFFICE: 500 Oregonian Bldg., Portland. Ore. CONTROL: Columbia River Paper Co., Portland. Ore, owns 95% of Common stock. HISTORY: Incorporated under laws of Washington, Jan. {, 1923. BUSINESS: Manufacture of newsprint and complete line of wrapping and fruit wrapping papers. PROPERTY AND PLANTS: 80-ton paper and sulphite mill located on l4-acre tract, with 1.200 feet of deep water frontage on the Columbia River, in the central waterfront section of Vancouver, Wash. Company owns and operates sawmill, with 175,000 feet daily capacity, which supplies pulp and sulphite mills with raw material. OFFICERS: F. W. Leadbetter, Pres. & Gen. Mgr, Portland, Ore.; Wm. BB. Dullois, Vice Pres. J. J. Donovan, Secy., Vancouver, Wash.¢« A. S. Fleming, Treas. Portland, Ore.; W. P. Donnelly, Asst. Secy., P. W. Morse, Pur. Agt., Vancouver, Wash. DIRECTORS: A. M. Cronin, Jr, Portland, Ore.: J. J. Donovan, Wm. B. DuBois, Vancouver, Wash.; A. S. Fleming, F. W. Leadbetter, Pittock Leadbetter. Portland, Ore.; H. C. Lieser, Paul Morse, Vancouver, Wash.; R. H. Noves. H. G. Reed. Portland, Ore.; B. L.. Steeves. . GENERAL AUDITORS: Haskins & Sells, Portland, Ore. Fiseal Year Ends: Dec. 31. Annual Meeting: 4th Tues. in Jan Number of Emplovex: {00 APITALIZATION, As of Dee. 31, 1929 Par Value Authorized wens 3000 $750,000 .. $100 $2. 000.000 i. 8% CUMULATIVE Provisions: Has preference as to dividends up to 8% and as to assets up ro $100 in liquidation. Callable: At $105. Voting Power: None excent in event PREFERRED STOCK dividends are 2 years in arrears, when Preferred votes one vote per share. Dividends: Paid monthly, at rate of 89 per annum. THOMSON'S MANUAL COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 1929 1928 1927 1926 1925 [Income for Bond Int............$611.354 $775,652 $425,665 $418,127 $207,013 Deductions— Bond Int., Exp. ... 65,325 "716 33,526 Depreciation .....i........ 163,394 . -85 80,147 Federal TaX ccveooiimimmnens 66,085 ?E "83 None NET INCOME ........... $480.848 $246,442 $ 93.340 COMPARATIVE CONSOLINATED BALANCE SHEET. As of Dec. 31 “mTS 229 2 1927 fo 70 775,942 091 167,328 N2.830 384.497 627,767 741,562 4,440 77,317 04.486 Total Current Assets... Plant and Equipment...... [INVeStMENtS .orriceieeeacccrccme cerca Due from Affiliated Companies... Deferred Charges ....... FR, Dther Assets o.oo er TOTAL ASSETS .veeeerenee. LIABILITIES— Notes and Accounts Pavable................_....$ 368,284 Accruals ee eeeeaeee 231 006 ar 590 “00 00 np 57 ..92 7,365 19,825 30,238 945 $6,129,392 nb «g 23 45 oF 29475 572 $5.78" ,243 vw 997 $ 132,377 224 QK5 Total Current Liabilities oo... Preferred Stock .. SRA ~ Common Stock Bonds Outstanding ..cccooeeoineeees Bond Interest Due. .....coes. Due Affiliated Companies Depreciation Reserve ..... Surplus ,«80 .e,000 400,000 “0 000 ~5 79 ¢,659 “662 $ 367,332 426,050 1,429,700 1.000.000 21,807 337,264 363,419 7,945,672 » 260,435 1.7:1 2125.35 TOTAL LIABILITIES .iiann Net Working Capital mies Ratio, Cur. Assets to Cur. Liabilities........ .... ....1 Roolr Valiie Common Shares... ooommee oooeaeeeaes $156.46 (8 FUNDED DEBT, As of April 1, 1930 First (Closed) Mortgage Rate Dated Due Authorized Qutstanding serial Gold Bonds... .....cc...... 6% 4-1-27 1928-42 $1,000,000 $880,000 Interest Payable: Apr. and Oct. 1 by Sinking Fund: Whenever dividends Security Savings & Trust Co., Portland, declared on Common stock equal DOre., or Bank of California, Portland, amount, up to $60,000 in any one year, Jeattle, Tacoma or San Francisco. to be applied to retirement of bonds, Principal Payable: $40,000 on April in addition to serial requirements. I each year 1928 to 1941, incl.; $440,- Tax Status: Company pays 29% Fed-00 Apr. 1, 1942. R . eral income tax and Calif. 4-mill persabes Bank of (California, N. A, sonal tax ortland, Ore. mifvs FT Registerable: As to principal. : a First mortgage on all the Denominations: $1,000, $500. oe Callable: As whole or in part on 60 Legal Opinion by: Carey & Kerr, ays’ notice at 102%, except bonds ma- Portland, Ore. } turing in five years or less, premiums Offered by: Bond, Goodwin & Tuckshall be 149 per unexpired vear. er. Mar.. 1927, at par. CROWN ZELLERBACH CORPORATION GENERAL OFFICE: 534 Battery St, San Francisco, Calif. BRANCH OFFICES: Portland, Ore., and Seattle, Wash. HISTORY: Incorporated under laws of Nevada, Aug. 28, 1894, as the Zellerbach Corporation. In 1928, merger was effected with the Crown Willamette Paper Co. RUSINESS: A holding company, owning directly or indirectly all capital stock »f the following companies (except $13,850 par value Northwestern Power & Light Company Preferred stock and 7.3% of the Common stock and 29% of the preferred stock of Pacific Mills, Ltd.), viz.: American Investment & Realty Co. Pacific Mills, Ltd. ] Canadian Crown Willamette Co., Ltd. The Sanitary Products Corporation. Tn Wilameiie Daner hi Washington Pulp & Paper Corporation Nationa aper Products Company. 3 is Northwestern Power & Light Company. Western Transportation Company. MNympic Paper & Power Company. Western Waxed Paper Company. Pacific Coast Supply Company. 7Zellerhach Paper Combanv JULP AND PAPER COMPA™ The Corporation also owns 509% of voting Common stock, approximately 44% of Class A stock and approximately 40% of Preferred stock of Fibreboard Products, Inc. PRODUCTS: Newsprint, sulphite and kraft wrapping papers, tissue papers, waxed papers, paper bags and fruit wraps, and such products as solid fibre and corrugated containers, lithographed cartons, folding and stiff boxes, paper cans, ovster pails and the nationally known brands of Public Service Towels and No-Waste Toilet Tissue. Zee and Zalo, two new bathroom tissues, are being nationally advertised and distributed. The wholesale divisions of the Corporation are distributors for a full line of all grades of papers and kindred lines, in addition to the products of the Corporation. The Corporation with subsidiaries constitutes a fully integrated enterprise, owning its own timber, conducting its own logging operations, manufacturing all pulp required for paper production and controlling its own conversion plants. PROPERTIES: (1) Timber lands in the United States carrying more than seven billion feet of timber; and timber licenses and pulp leases and fee ownership nf approximately three billion feet of timber in Canada. (2) Developed water power owned and leased is approximately 100,000 h.p., of which 40,000 k.w. is hydro-electric power; 16,500 k.w. electrical energy is purchased under contracts and an additional 24,000 k.w. is developed from steam turbo-generator units of extraction type. (3) Paper and pulp mills at Floriston, Calif.; Lebanon and West Linn, Ore.; Camas, Port Angeles and Port Townsend, Wash.; Ocean Falls, B. C.,, and Carthage, New York, having an annual capacity of approximately {85,000 tons of paper. Partly owned paper and board mills have an annual capacity of approximately 200,000 tons of box board and box board products. (4) Converting plants at Los Angeles, Oakland and San Francisco, Calif.; Portland, Ore.; Camas, Wash., and Carthage, N. Y.,, and partly owned converting plants at Antioch, Los Angeles, San Francisco and Stockton, Calif.; Port Angeles and Sumner, Wash.; Honolulu and Kahului, T. H., and Philadelphia, Penn. (5) Wholesale divisions at Fresno, Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, San Jose and Stockton, Calif.; Eugene and Portland, Ore.; Seattle and Spokane, Wash.; Reno, Nev. and Salt lL.ake City, Utah. Sales offices are maintained in 15 other cities of the United States. DFFICERS: Louis Bloch, Chairman of Board of Directors; I. Zellerbach, Pres.; M. R. Higgins, Chairman of Executive Committee; E. M. Mills, A. B. Martin, J. D. Zellerbach, Exec. Vice Pres; H. lL. Zellerbach, M. R. Higgins, Vice Pres.; D. J. Goldsmith, Secy.; A. Van der Zwiep, 8S. Sonnenberg, A. I. Ellis, M. L. Dinkelspiel, L.. Frank, C. M. Whitney, Asst. Secys.; S. Sonnenberg, Treas.; A. I. Ellis, M. L. Dinkelspiel. A. Van der Zwiep, D. J. Goldsmith, Asst. Treasurers. DIRECTORS: Louis Bloch, I. Zellerbach, M. R. Higgins, J. D. Zellerbach, H. L. Zellerbach, E. M. Mills, M. M. Baruh, J. H. Schwabacher, Geo. S. Towne, H. Fleishhacker, C. R. Blyth, A. B. Martin, all of San Francisco, Calif.; J. Y. DBaruh of Los Angeles, Calif, and H. C. Olcott of Chicago, Ill. VOTING TRUSTEES: M. M, Baruh, Louis Bloch, M. Fleishhacker, M. R. Higgins, E. M. Mills, George Leib, W. H. Orrick, Geo. S. Towne, I. Zellerbach, J. OD Zellerbach, all of San Francisco, Calif. STATUTORY AGENT: Scheeline Banking & Trust Co., 146 North Center Street. Reno, Nevada. AGENT AND DEPOSITARY OF VOTING TRUSTEES: The Dank of California. N. A., San Francisco, Calif, TRANSFER AGENTS: The Bank of California, N. A, San Francisco, Calif.; Bankers Trust Co., 16 Wall Street, New York, N. Y. Registrars: Anglo California Trust Co. San Francisco, Calif.; The Chase National Bank of the City of New York, 57 Droadway, New York, N. Y. GENERAL COUNSEL: Pillsbury, Madison & Sutro, San Francisco. GENERAL AUDITORS: Messrs. Llbrand, Ross Dros. & Montgomer Fiscal Year Ends: April 30. Annual Meeting: 4th Thurs. in Aug CAPITALIZATION, Ax of Dec. 31, 1929 Par Value Authorized Conv. Cum. $6 Pref. Sine .....No Par 8,121 shs Cum. Pref. Stock......... .....No Par 3,000,000 shs $6 Div. Conv. Series A.......... ...........No Par vnmennrm Tn $6 Div. Conv. Series B....................... No Par eee Common Stock (V. T. Certificates) No Par 7.500.000 shs I THOMSON'S MANUAL 1. CONVERTIBLE CUMULATIVE $6 DIVIDEND PREFERENCE STOCK Provisions: Preferred over other Voting Power: Has full voting classes as to $6 cumulative annual di- power. vidends and as to assets to $1 per ae . . ; _ share in involuntary liquidation and t DEvidenas: S20 De anhuip. paid quar 5120 in voluntary dissolution. Not en- erly, Mar, June, Sept, Dec. 1, since titled to stock dividends or subscrip- Dec. 1, 1925. tion rights. . Transfer Agent: Company office, San Callable: 3 years fom issue date, Francisco. sn 40 days’ notice at 120. 3 . " : : Convertible: Into Common stock at No Rigas The Bank of California, rate 2% shares Common for one Pre- . 4A., San Xrancisco. ferred any time prior to 10 days before redemption. 2. $6 DIVIDEND CONVERTIBLE PREFERENCE STOCK, Series A & B Provisions: Takes preference after Additional Issues: Additional stock Jonvertible Preferred, over Common, may be issued provided net earnings 1s to $6 cumulative dividends and $100 for 12 of preceding 18 months equal 'n event of liquidation. Not entitled to 21, times dividend requirements on all stock dividends or subscription rights. >utstanding and additional issue con-Callable: 3 years after issuance, on emplated. any dividend date at 102%. Transfer Agent: National City Bank, Convertible: Into Common stock, New York, and company offices, San prior to Dec. 31, 1933, one share for 3 Trancisco. . of Common, any time prior to 10 days Registrar: Wells Fargo Bank and before redemption date. Union Trust Co., San Francisco; Guar-Voting bdo A except When 3 anty Trust Co., New York. quarterly dividends in arrears, when i 2 . . . votes on parity with Convertible Cum- Legal Opinion Dus Plisbury, Madiaigtive, Belg De Er Shares each ax § Se - : * ’ i ne aus; Company pays 2% nor series A and B by Blyth & Co. Blair Dividends: $6 per annum paid quar- & Co., J. Barth Co., Jan, 1927, at 95. terly Mar., June. Sept., Dec. 1. since Price Range: 1929—Series A, high, Dec. 1. 1928. 96: low. 80: Series B, high, 95; low, 781%. 3. COMMON STOCK Voting Trust: Under agreement $2.00 per share. Sept. 1, 1928, 5% % dated Aug. 31, 1928, majority of Com- Common stock dividend and 20% Prefmon stockholders placed stock in trust, erence stock. From Oct. 15, 1928, $1 expiring Aug. 31, 1938, or sooner, on per share annually. filing with voting trustee (Bank of Transfer Agent: The Bank of Cali-California) written requests from % fornia, N. A., San Francisco; Bankers nf voting trust certificates. Trust Co., New York. Voting Power: Full voting power, Registrar: Anglo California Trust axcept when Preferred dividends in ar- Zo., San Francisco; Chase National rears. See Preference stock. Bank, New York. Dividends: (Paid quarterly Jan. 15, Listed on: New York and San Franetc.) Jan. 1, 1925, to Apr. 30, 1927, $1.50 cisco Stock Exchanges. per share annually; until June 30, 1928, COMPARATIVE INCOME STATEMENT 9 Mo. Ending Jan. 31, 1930 $9,841,416 a 101.777 .,.39 {375.504 NEL INCOME ooooeeeceeeeeesunessrnnsanssmns semen comomssmnsnenisans me wes semeemsest Preferred Dividends oor cameron nasser anaes Common Dividends .ooeeooeeeaen mates 1,661,823 1,236,464 17804281 5 1,531,078 1.567 23.41 179 ~ 35 J ..02 18.79 1.28 Surplus for the year nena Earned per share Convertible stock... Earned per share Preference A & B.............. farned ner chare Common stock... iiieeenes COMPARATIVE CONSOLIDATED BALANCE SHEET, As of ASSET= Dec. 31, 1929 Apr. 30, 1929 DARN essimisnass © 1,531,678 $ 1,910,061 UU. 8, BONAS .ooerrvnvnnnn os saivssssismsnnsnns 199,735 588,414 Accounts Receivahia 3,467,11: 6,812,065 inventnariec 11 202 N29 11 N42 959 22,001,559 35,900,4" 5,787,114 5,853,600 3,409,457 nga 299 Co ....%113.989.596 Total Curre:. ema = Timber Lands .. ih esR REAR AE SARs rane EEA SEEREE ~. Plants, €UC. ciieooeiicciie coioireeeeeoeee ome em cee memes ane Investments (Fibreboard) oie eee ther INVesStMeNntS ooeieioeeen iceman emmm ere omec nn anasan Deferred CRArgeS .oiiiiiiiieciisrrmcererm seein nese nan TOTATI, ASSETS 20,354,492 35,412,800 13,930,968 5,853,600 2,686,683 1.052.024 2109 190.568 PULP AND PAPER COMPANIES 161 LIABILITIES Accounts Payable . en eeeereemeneeeemvnrenn—nn-Notes Payable .... —- Emme Accrued Bond Inter. i eee State and CouNlY BB cciaiiieesmemmmmsonsmssesesisnsnty 5 U. 8S. and Canadian Taxes. .....iiianeanes, Dividends Payable 2,621,680 5.150,000 570,299 544,036 804,684 917,386 3,670,600 1,750,000 451,800 587,678 023,844 406,473 Total Current Liabilitics.............. Funded Debt .. eee Long-term NOLES icici sists ss essa asians sani Subsidiary Minority Interests... oii Reserves ............. Preferred Stock .......... Common Stock ...... Surplus .. eeeecemsmccseccin tien iercanaaaand Li, {19,080 22,742,400 2,189,381 25,656,661 749,601 21,655,560 24,067,324 5.220.584 0,000 32 650 “0,838,6. 58,976 21,655,660 74,067,146 3.939.391 TOTAL LIABILITIES _............ 9R49.59¢ £109.190.568 FUNDED DEBT, As of April 30, 1930 Rate Dated Due Authorized Outstanding Cr. Willamette 1st Mort.... . 69% 1-1-26 1-1-51 $25,000,000 $18,331,000 Pac. Mills 1st Mort............... £™ 2-1-17 1929-¢" $6,000,000 $2,297,000 Pac. Mills Subordinate.......__.. 8-2-15 re 3,000,000 $1,785,900 Wash. P&P 1st Mort. ...........6% - 12-1-21 1f- $850,000 $178,500 10-yr. Gold Debentures....... 69% 3-1-30 3-1-40 $20,000,000 $10,000,000 NOTE: For details of Nos. 1, 2 and 3, see respective company reports. 1. 2. 3. 4 5 4. WASH. PULP & PAPER CORP. 64% FIRST SINKING FUND GOLD BONDS Interest Payable: J. & O. 1, at trus- on any interest date on 30 days’ notice ee's office. at 1% 9% less each year thereafter. Trustee: Bank of California, N. A, si . Registerable: As to principal. Sinking Fund: Payable annually of Denominations: Coupon, $500 and $42,500 to purchase bonds at not ex-1,000. ceeding 105 until 1931, otherwise to Callable: On Dec. 1, 1931, at 105 and purchase U. 8. Government bonds. 3. TEN-YEAR 6% GOLD DEBENTURES Interest Payable: Mar. 1 and Sept. March 1, 1935; thereafter warrants will 1, at Bank of America, New York: Con- become null and void. tinental Illinois Bank & Trust Co., Chi- I'urchase Fund: Corporation agrees rago, and Trustee's office. 0 authorize the Trustee to purchase Additional Debentures: Up to entire annually $750,000 maximum par amount $20,000,000 authorized may be issued, ff Gold Debentures (with warrants durwhen consolidated earnings for 12 of ng their life), beginning March 1, 1931; preceding 18 months equal 3 times total ‘unds to be available semi-annually for annual interest requirements. the purchase of $250,000 debentures at Trustee: Bank of California, N. A, 10t to exceed 100 and accrued interest, an Francisco. ind for the purchase of an additional $125,000 debentures at not to exceed 98 Denominations: $500 and $1,000. "nd accrued interest, all as provided in Callable: As a whole or in part on he Trust Agreement. 30 days’ notice at 103 and accrued in- Tax Provisions: Without deduction terest if redeemed on or before March f normal Federal income tax up to 1, 1931; thereafter the premium de- jg = (Corporation agrees to reimburse creasing 14% annually until March 1, jgjders for State income tax, not ex-1934; thereafter at 101 and accrued reeding 6% per annum, and Penn. perinterest. sonal property taxes, not exceeding 5 nills, and California personal property axes not exceeding 4 mills. Security: Direct obligation on Co. No subsidiary in TU. 8. to issue additional stocks, bonds or notes (except $5,000,000 f Crown Willamette, unissued), having sriority or parity with this issue, uness equally and ratably secured. Legal Opinion by: Messrs. Pillsbury, Madison & Sutro; Messrs. Orrick, Palmer & Dahlquist, San Francisco. Offered by: Ilvth & Co... Febhruarv 1920 gat 98 Warrants: Each $1,000 Gold Debenture, accompanied by a common stock purchase warrant, non-detachable (except in case of exercise or in event of the redemption by call of debentures) entitling the holder to purchase 20 shares (10 shares in the case of $500 denomination Gold Debentures) common stock (voting trust certificates) at a price of $20 per share if exercised on or before September 1, 1931; thereafter at $22 per share if exercised on or before March 1, 1933; thereafter at 325 per share if exercised on or before CROWN WILLAMETTE PAPER COMPANY GENERAL OFFICE: Pittock Block, Portland, Ore. CONTROL: By Crown Zellerbach Corporation. } HISTORY: Incorporated under laws of Delaware, Jan. 6, 1926, as successor to a company of the same name incorporated Nov. 19, 1914, under the laws of Maine, successor of Crown-Columbia Paper Co. and Willamette Pulp & Paper Co. BUSINESS: Manufacturers newsprint, Kraft manila and sulphite wrapping papers. fruit wrappers and paper baes ~ S - FHOMSON'S MANUAL SUBSIDIARIES: Western Transportation Co., Sierra Flume Co., Western Paper & Bag Co., Western Waxed Paper Co., Santiam Power Co., Pacific Coast Supply Zo., National Paper Products Co., and Pacific Mills, Ltd. PROPERTIES: (a) Pulp nnd Paper Mills.—Principal plants are located at Camas, Wash.: West Linn, Ore.; Floriston, Calif., and Pacific Mills, Ltd., located at Ocean Falls, B.C. With total daily capacity of 860 tons of finished paper, approximately 650 tons are newsprint and balance wrapping and tissue papers. Company has mechanical and_ chemical pulp mills with capacity to supply raw materials for finished products. A kraft pulp mill, with daily capacity of 60 tons, was opened at Camas, Wash. at a cost of over $1,000,000, in March, 1926. (b) Timber and Timber Lands — Company owns over 170,000 acres of timber lands located in California, Nevada, Oregon and Washington, conservatively estimated to carry over 4,800,000,000 feet of timber. Estimated as sufficient to run present mills for 35 to 40 years. Company pursues a reforestation program to create continuous supply of pulp timber. Pacific Mills Limited holds pulp leases expiring 1944, covering 79,019 acres carrying approximately 2,000,000,000 feet of timber and perpetual licenses to 56,049 acres, carrying an estimated stand of over 1,300,000,000 feet of timber. (¢) Water Power—Company owns water power developed at the Floriston and Jamas mills, and obtains the water power for the operation of its West Linn Mill under favorable long-term leases nad contracts. [n British Columbia, hydroelectric and water power have been developed at Ocean Falls, and a minimum of 23,000 h.p. is available for plant operation at all seasons. Power is derived from Link River, the outlet of Link Lake. OFFICERS: Louis Bloch, Pres.; A. B. Martin, Executive Vice-Pres.; Geo. P. Berkey, Vice-Pres.: A. J. Lewthwaite, Vice-Pres.; R. A. McDonald, Vice-Pres.; Frank Schwabacher, Vice-Pres.: F. G. Wight, Vice-Pres.; D. J. Goldsmith, Secy. and Asst. Treas.; Chas. M. Whitney, Treas. and Asst. Secy; Ludwig Frank, Asst. Treas. and Asst. Secy. DIRECTORS: Louis Bloch, San Francisco; Chas. R. Blyth, San Francisco; Herpert Fleieshhacker, San Francisco; D. J. Goldsmith, San Francisco; A. B. Martin, San Francisco; Chas. K. McIntosh, San Francisco; Henry C. Olcott, Chicago, Ill.; W. H. Orrick, San Francisco; E. S. Pillsbury, San Francisco; Frank Schwabacher, San Francisco; James H. Schwabacher, San Francisco; Geo. S. Towne, San Francisco; R. A. McDonald, San Francisco. REGISTRARS FOR STOCK: The Chase National Bank, New York, N.Y.; First Trust & Savings Bank, Chicago, Ill.; The Anglo & London Paris National Bank, San Francisco, Calif. TRANSFER AGENTS: Bankers Trust Company, 16 Wall St, New York, N.Y.; Continental Illinois Bank and Trust Company, 208 So. La Salle St. ,Chicago, I11.; “rown Willamette Paper Company, 534 Battery St., San Francisco, Calif. GENERAL AUDITORS: Price, Waterhouse & Co. Fiscal Year Ends: April 30. Annual Meeting: 2nd Tuesday in August. Number of Employees: 3500. : Par Value Authorized Qutstanding $7 Cum. 1st Pref. Stock...... No Par 200,000 Shs. 200,000 Shs. $6 2nd Pref. Stock.......ce........ No Par 41,000 Shs. 41,000 Shs. Common Stock oo... . No Par 1.000.000 Shs. 1.000.000 Shs. i. $7 CUMULATIVE FIRST PREFERRED STOCK. Provisions: Preferred as to cumula- annum paid quarterly Jan., Apr, July tive dividends of $7 per share, $105 per and Oct. 1, since Jan. 1, 1928. share in voluntary liquidation and $100 Ex-Dividend Date: 13th of preceding n involuntary. May not be increased month. without 24 vote of both classes of out- Legal Opinion by: Mayer, Meyer, Ausstanding preferred. trian & Platt, Chicago. Blyth & © Callable: As a whole or in part, on Public Offering by: vt x Lo, any dividend date at $105 per share and Blair & Co. and Anglo-London Paris Co. acrued dividends. Jan. 1926, at $100. York d Chi Voting Power: One vote per share, i New Gr an cago with common. : ges. ; . . Price Range: 1929—High, 101%; low, Tax Status: Company pays normal 90: 1928—High, 1041; Low, 95: 1927— Tederal income tax up to 2%. High, 943%; Low, 87; 1926—WHigh, 98%: Dividends: Regular $7 per share per Low, 97%. 2. $6 SECOND PREFERRED STOCK. Provisions: Second preferred as to while 1st pfd. outstanding or being assets and dividends. Entitled to 102% called. in voluntary liquidation and 100 in in- Voting Power: One vote per share roluntary. with common. Lo. Dividends: Regular $6 per share per Callable: On any dividend date on 30 annum, paid quarterly Jan., Apr., July davs’ notice at $1021 per-share but not and Oct. 1, since Apr. 1. 1928. 3. COMMON STOCK. Ownership: All but directors qualify- Dividends: Initial of $1 per share ng shares held bv Crown Zellerbach paid Dec. 15. 1929 “Aarnoration PULP AND PAPER COMPANIL COMPARATIVE INCOME STATEMENT, Years Ending April 30 Qsr Gross Operating Profit............... Dividends from Pacific Mills... Total Net ReVeNUEe....o..occcoii iii mimic ceemeeeeeaeeeee Interest, Deprec. and Fed. Taxes, Etc....... 1929 6,790,531 510,136 a0 Net Income ......rinicnaninienan. 1st Preferred Dividends.....c......c.... 2nd Preferred Dividends......................__ Common Dividends .... eeemsemeeereneananimnnan Surplus for the year ........ Earned, per share, 1st pref. stock........ ..... Earned, per share, 2nd pref. stock................. Earned, per share common stock 60 BALANCE SHEET, As of Apr. 30 ASSETS Cash ..oooooeimiies U. S. Gov. Bonds... ee CA] LOANS soieciiinnin. in . sessevsimsssssss satus oss siass is seman sass ss arerss sn saeessusis, Notes Receivable .. eee eee eae Accts. Receivable ... Ce eeeeeeeeeeeemeneeseeeeeemnenaanen Inventories .... ee eee —————an 1230 517 °° 1929 807,205 588,414 750,000 51,902 1,036,121 4.630.893 D271. Total Current Assets... Investments _... . . semus ns rrenssneienns nap onsnnsn nnn nay mms ne Stock in Pacific 2ills, Ltd... oan Land ............... me eemeeeeneseesamenmeoemmemeenmeeneanns Timber LanAs ..... ieee cere ee meee ema neenm anne. Water Rights ...... EN , Buildings and Equipment........ rm eemenans Deferred Charges TOTAL ASSETS ... £030 ,800 2.308 555 ~ ,600 728,119 29,291 -7,266 283 345 5 (» I's = Hh 4 .-£1 38K 3-8 262.821.8069 LIABILITIES— Accounts Payable .................... Bond Interest Accrued........ Taxes Accrued... .........oooooiomiuaennioi.. Dividends Pavable. £33.300 3.098 1,669 4 214 1,209,699 379,189 183.269 Total Current liabilities... Funded Debt ....oooooiiiimiiiiiaaaee nn. NEE Timber Purchase Contracts. oes Contingency ReSeIVe ooo eee Capital Stock ....... ooo... eee emma ann oe. Initial Surplus .... eee ana ne an Earned Surplus La 04 “C 21 00 £5 1. A) 5 4h - TOTAT, LIARILITIES 1T Aa Q FUNDED DERT, As of Apr. 30, 1930 First Mortgage Sinkin~ Rate Dated Due Authorized Outstanding Fund Gold Bonds... eee. 6Cp 1-1-26 1-1-51 $25.000.000 $18,303,000 Interest Payable: J&J 1 at First National Bank, N. Y.; Anglo, & London Paris National Bank, San’ Francisco, and trustee's office. Trustee: Continental Illinois Bank & Trust Co., Chicago; Wm. P. Kopf, Chicago, co-trustee. Registrar: Chase National Bank, New York; Continental Illinois Bank & Trust o., Chicago. Registerable: As to principal. Denominations: Coupon $500 & $1000. Callable: On any interest date on 30 days’ notice at 103 prior to Jan. 1, 1940, and at 10114 thereafter. Sinking Fund: Company pays each vear to trustee amount, based on timber cut, sufficient to retire 759% of issue by maturity. Tax Statux: Company will refund Price Range: 1929—High, 1031; Low, 1815; 1928 — High, 1023; Low, 9734; 1927 — High, 103%; Low. 991%; 1926 — High. 100: l.ow 98 _64 THOMSON'S MANUAL FIR-TEX INSULATING BOARD COMPANY GENERAL OFFICE: St. Helens, Ore. HISTORY: Incorporated under laws of Oregon. - Construction of plant started on Oct., 1929. Production started July 1, 1930. BUSINESS: Manufacturing insulating material by disintegration of wood fibres, using as raw material sawmill waste, consisting of edgings, slabs and bark of fir, hemlock, cedar, pine, etc. Company has contracts with various Columbia Qiver sawmills for their waste material. Fir-Tex board can be used in building -onstruction, refrigerator cars. domestic vefrigerators and for acoustical cor-~ection. PROPERTY AND PLANT: Company owns in fee 150-acre industrial site, with *rontage of 2,700 feet on Columbia river, at St. Helens, Ore, 27 miles north of portland, on S. P. & S. Ry. Concrete factory building 100 by 140 0 feet; equipped with standard pulp and paper machinery, 250,000 sq. ft. daily capacity. OFFICERS: Charles E. Dant, Chairman; Hamlin F. McCormick, Pres.; Kenneth D. Dawson, Vice Pres.-Treas.; Arthur E. Millington, Vice Pres.-Gen. Mgr.; John 3. Coke, Secy. DIRECTORS: Charles E. Dant, Portland, Ore.; Herbert Fleishhacker, San Francisco, Calif.; Lee A. Phillips, Los Angeles, Calif.; John 8S. Baker, Tacoma, Wash.; Kenneth D. Dawson, Portland, Ore.; F. A. Nitchey, Portland, Ore.; Paul H. Helms, Beverly Hills, Calif.; Stanley S. Anderson, Beverly Hills, Calif.; Franklin T. Griffith, Portland, Ore.; H. F. McCormick, St. Helens, Ore.; Charles A. Shea, Portland, Ore.; William B. Dean, Chico, Calif.; A. J. Lewthwaite, Portland, Ore.; A. E. Millngton, Portland, Ore.; E. B. King, San Francisco, Calif. GENERAL COUNSEL: GQGriffith, Peck & Coke, Portland, Ore. GENERAL AUDITORS: Peat. Marwick & Mitchell. Portland, Ore. Fiscal Year Ends: Dec. 31. CAPITALIZATION, As of April 30, 1930 Par Value Authorized Outstanding I. Class A StOCK oo iieecaeceeieae emcee. $100 25,000 shs 17,301 shs 2. Class B Stock............ reeemeeeeeee. NO Par 35.000 shs 35.000 shs 1. CLASS A Provisions: Cumulative has prior rights as to dividends and assets and will be paid first $7.00 per share, available for dividends. After Class B stock receives like amount, any further dividends divided equally between two classes. MOMMON STOCK Voting Power: Entitled to vote if 4 consecutive dividends are unpaid. Dividends: Payable semi-annually, Jan. and July 1. Public Offering by: Tom G. Taylor Co., Portland, Ore. 1929, in units of 2 shares Class A and one share Class B at £200 per unit. 2. CLASS B COMMON STOCK Provisions: Entitled to $7.00 per Voting Power: Has sole voting powshare after Class A has received same er, unless dividends on Class A are amount. Further earnings distributed BE ar are. was used in part cqually between both classes, share and to acquire processes, contracts and share alike. services of executives. BALANCE SHEET, As of April 30, 1930 ’ ASQ LIABILITIES Cash in Banks cooocceeeeeeee eevee $d 286,865 Accounts Receivable ..__........... 3,314 Notes Rec. (stock subscrip.).... 121,730 Buildings .. ~ 148,729 Equipment ...._....... a ~86,081 Misc. Construction ._................. ‘4,952 Exp. during Construction........ 020 Real Estate—Factory Site._...... ,000 Patents, Form., Trade Marks. .,073 Stock Sales Expenses... 50,600 ‘nventory .. eeeemnmanan 23.154 TOTAL. ASSETS _ .......%2.899 518 Current— vsccrued Payroll .coceeeeeeee $10,047 Accounts Payable . inns 14,920 ~ontracts Payable—Equip. .... 295,467 Due Contr. for Construc. ........ 78.084 Calital Stock— Class A—Common Stock........... 2,500,000 Mass B—Common Stoclk............ 1,000 ps 8 TOTAL oon. $2,899.51 GRAYS HARBOR PULP & PAPER COMPANY | GENERAL OFFICE: Hoquiam, Wash. EXECUTIVE OFFICES: 531 Battery St, San Francisco, Calif. HISTORY: Incorporated under laws of Delaware. July 17. 1928. succeeding the Grays Harbor Pulp Co. BUSINESS: Manufacture and sale of pulp, paper and paper products. Company ac long-time contract with sawmills for waste suitable for manufacture into T > AND PAPER COMPAN:. 165 sulphite. Sufficient pulp wood will be obtained under these contracts, it is estimated. to supply requirements for 25 years. The company also owns standing timber. PROPERTY AND PLANTS: Properties of company include approximately 29 acres of land. on tidewater, Hoquiam, Wash. Sulphite pulp mill, with daily capacity of 175 tons of unbleached sulphite, or 150 tons of bleached sulphite and paper mill, with daily capacity of 50 tons of bond paper. Auxiliary facilities include wood-preparing plant, warehouse, docks and power house. Company owns water rights and modern water system, including approximately seven miles of 36-inch pipe line, with filter plant and accessories, capacity twenty million gallons daily. Company has the advantage of both rail and water transportation. Docks have been constructed to accommodate vessels of 35-foot draft. OWNERSHIP AND MANAGEMENT: More than 60% of Preferred and Common stocks is owned by I. Zellerbach, E. M. Mills, J. D. Zellerbach and H. 1. Zellerbach, all of whom are active officers in the Crown Zellerbach Corporation,, Hammermill Paper Company and Polson Logging Company of Hoquiam, Wash., and Robert Polson, manager of Polson Logging Company. OFFICERS: E. M. Mills, Pres.; 1. Zellerbach, J. D. Zellerbach, Vice Pres.: W. L. Raymond, Secy.; 8. Sonnenberg, Treas. and Asst. Secy.;: Chas. H. Conrad, Asst. Secy.; A. I. Ellis, Asst, Secy. and Asst. Treas. DIRECTORS: E. M. Mills, I. Zellerbach, J. D. Zellerbach, H. L. Zellerbach, Charles R. Blyth, W. L. Raymond, Norman W. Wilson, W. S. Lucey, Wm. T. Brust and Wm. F. Bromley. Fiseal Year Ends: Dec. 31. Annual Meeting: 4th Tues. in May. Number of Employes: Dec. 31, 1928, about 300. Transfer Agent and Registrar: Company, San Francisco. CAPTT "7 ATION, As of Dec. 31, 1929 = Value Authorized Outstanding o Par 33,790 Shs. 33,790 Shs. ~o Par 72,517 Shs. 72.517 Shs. Note: On Aug. 20, 1929, Preferred stock was increased from 25,000 shares to 33,790 shares, and Common stock from 55,000 shares to 72,517 shares. Stockholders offered rights to subscribe to new stock in units 1 share Preferred and 2 shares Common at $120 per unit. Rights expired Sept. 30, 1929. I. 8 CUMULATIVE PREFERRED STOCK Provisions: Entitled to cumulative vidends any time after May 1. 1930, on dividends of $8 a share per annum, and 30 days’ notice. no more, and £100 per share in liquida- Voting Power: Non-voting. tion, } Dividends: Payable Jan. and July 1. Callabk 7 and accrued di- None paid to Jan. 1, 1930. NDED DEBT, As of Dec. 31, 1929 at Dated Due 1st Mtg. Gold Bonds 4-1-28 4-1-43 1st Mtg. Gold Bonds........... » 1-1-29 1-1-44 I. FIRST MORTGAGE 6% GOLD BONDS, Series 1943 Interest Payable: April 1 and Oct. 1 Tax Status: Company payvs Fed. Inat Bank of Italy, Nat. Trust & Sav. come tax up to 29% and refund on Calif. Assn, San Francisco. personal prop. tax of 4 mills, Trustee: W. J. Kilferdorf. Security: First mortgage on all fixed Callnble: At 103 and accrued interest assets now owned and on all improveto April 1, 1938; thereafter at 100 and ments, additions and extensions. accrued interest. L 1 Ovini bv: M Pilsbur Sinking Fund: Annual pavments be- (fen D on Pn ears, isbury, ginning April 1, 1930, of $100,000, one- Madison & Sutro, San Francisco. half of such payments to be used for Offered by: Blyth & Co., Schwabachretirement of outstanding bonds and er & Co. Seattle and San Francisco, one-half for permanent improvement, April 1, 1928. 2. FIRST MORTGAGE 6%: GOLD BONDS. Series 1944 Interest Payable: Jan. and July 1 at Tax Status: Company pays 29% Norlank of Italy, Nat. Trust & Sav. Bank, mal Fed. Income tax and refunds Calif. A anaing, ¥. Hiatordart personal prop. tax of 4 mills. ustee: LJ. ieferdorf. : ry i ix Callable: At 103 and accrued interest asaorurlty: First Worigngs sn gl) fixed to Jan. 1, 1939; thereafter at 100 and et ; ; . a ons, accrued interest. Xtensions and improvements. Sinking Fund: Annual payments, be- Legal Opinion by: Messrs. Pillsbury, ginning Jan. 1. 1932, of $50,000, one- Madison & Sutro, San Francisco. half to be used for redemption of Series Offered by: Blyth & Co. and Schwa-1944 Bonds and one-half for permanent Jacher & Co., Seattle and San Francisco additions and improvements fan. 1. 199290 At, .66 THOMSON'S MANUAL HAWLEY PULP & PAPER COMPANY GENERAL OFFICE: Oregon City, Oregon. HISTORY: Incorporated under laws of Delaware, 1926, to acquire the assets and business of Hawley Pulp & Paper Co. of Oregon, organized in 1908. BUSINESS: Company manufactures newsprint, manila and sulphite wrapping paper, tissue papers, fruit wrapping papers and bag paper, and crepe towel. Company has a complete printing and stereotyping department and modern paper oiling equipment for oiling of fruit wrapping papers. PROPERTY & PLANTS: Plant of company, located at Oregon City, Oregon, has a total daily capacity of 200 tons of finished paper, of which approximately 130 tons is newsprint. Company has mechanical and chemical pulp mills with ample capacity to supply its raw material requirements. Company has a cut-up mill and pulp wood storage facilities at Milwaukie, Oregon. Company owns 23,009 acres of timber lands in Clatsop and Tillamook Counties, estimated to carry over 809,552,000 feet of timber. . Company owns original water rights on the Willamette River for 1405 h.p. and has long-term leases for 10,598 h.p. which is available for the pulp mill approximately eight months in the year. Company has contract with Portland Oregonian and Oregon Journal to furpa newsprint of approximately 80 tons per day for 10 years, beginning Jan. 1, MANAGEMENT: Mansel P. Griffiths, Pres.; George W. Houk, Executive Vice-Pres:.W. A. Kelly, Vice-Pres. & Gen. Mgr.; T. Henry Boyd, Secy.; Robert W. Peters, Treas. DIRECTORS: Mansel P. Griffiths, Seattle; George W. Houk, Portland; W. A. Kelly, Oregon City; Joseph T. Peters, Portland; Myron C. Woodard, Silverton; Harry T. Nicolai, Portland; Franklin T. Griffith, Portland; T. Henry Boyd, Portland; Eric Bernays, St. Louis. VOTING TRUSTEES: Mansel P. Griffiths, Charles R. Blyth, Roy Shurtleff, Seorge Leib, Joseph T. Peters, Harry T. Nicolai, Franklin T. Griffith. T. Henry Boyd, Myron C. Woodard. GENERAL AUDITORS: Pierce, Waterhouse & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: Third Tuesday in March. Profit Before Depreciation Deprec. & Taxes & Fed. Taxes * 915,766 520,914 765,127 306,234 2,405,932 171,977 695,812 ng.018 007,096 "9,562 937,392 1,787 618,369 "5,281 511,853 3,93"% 728,900 4,694 737,564 ’9,713 375,620 217,623 620.909 207.607 HA TAT, JZATION, As of Dec. 31, 1929 “ar Value Authorized Outstanding {. $7 Cum. 1st Pref. Stock.....c.ee... ... No Par 20,000 Shs. 20,000 Shs. 2. $6 Cum. 2nd Pref. StocKk.......cecoceeeeceec.. No Par 8,000 Shs. 8,000 Shs. 3. Common Stank eecaieaeees NO Par 200 000 Shs. 200.000 Shs 1. $7 CUMULATIVE FIRST PREFERRED STOCK. } Provisions: Preferred as to assets fault of 9 quarterly dividends when i and cumulative dividends of $7 per an- elects a majority of directors. num. Entitled to $105 per share and Dividends: (Payable quarterly Jan. accrued dividends in voluntary liquida- Apr., July & Oct. 1.) 1926, $3.50; 1927, tion and $100 per share and accrued $7.00; 1928, $7.00; 1929, $7.00; Jan. 1. dividends in involuntarv liauidation. 1930, $1.75. A «: The. Banl f Call : Transfer gent: e. Bank o ali-Company, without consent of two- ; i thirds of outstanding Pref. Stock, shall Soraia, N. A, Portland and San Fra not (1) increase amount of First Pref. Registrars: U. S. Nat. Bank, Port-Stock or issue any stock having prefer- ),,3."Crocker First Federal Trust Co. ence or priority over, or equality with, San Francisco. First Pref. Stock, or create any obliga- Legal Opinion by: Mayer, Meyer, tion convertible into stock having such 4 girian & Platt, Chicago, for bankers, preference, priority or equality; or (2) and Griffith, Peck & Coke. Portland. amend, alter, or change rights given ~.0 % . company. First Pref. Stock. Public Offering by: Blyth & Co. Callable: At $105 and accrued divi- Portland, Ore. Seattle, Wash., and San jends on any dividend date upon 30 Francisco, Calif.,, Aug. 4, 1926, at 397 jays’ notice. Price Range: 1929—High, 91%; Low Voting Power: None except in de- 82. } 2, $6 CUMULATIVE SECOND eons —_g rovisions: Subject to 1st preferred, Callable: At $102. and accrue ivint Pretorenas gs to assets and to dends, upon retirement of 1st Deferred ~umulative dividends of $6 per annum. Dividends: (Pavable auarterly, Jan. PULP AND PAPER COMPANIES Apr.. Oct. 1.) 1926, $3.00; 1927, $6.00; amounted to $13.50. Apr. July, Oct. 1.) 1926, $3.00; 1927, $6.00; Transfer Agent and Registrar: Same 1930. (Accumulation on April 1, 1930, as First Preferred. 3. COMMON STOCK. Voting Trust: Common stock is all Transfer Agent & Registrar: Same as held in a 10-year voting trust, expiring preferred Stock. 928 iL No dividends paid to Number of Stockholders: Majority of \pril, 1930 common stock held by Blyth & Co. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 csc err #20. (CY Ty Net Revenue ................ Deprec., Amortization, . Net Profit ................. Tax Adjust. Prior Years......... Preferred Dividends ... ntere-= L 1'axes... 1927 “737,564 321,707 Surplus for the Year... __ PT Flarned, per share, 1st preferred stock......... Earned, per share 2nd preferred... Deficit COMPARATIVE BALANCE SHEET, As ! 1929 233,156 261,055 655,109 ASSETS Dec. 31 1928 01,570 - ee 7 a 949 (Cash ........ Ce eeaemnemeimeseeneeeeteessasemeessameeneesesnns Accts. and Notes Receivable................. Inventories ... aera Securities eens 690 "4,273 18 ud 508 Total Current AssetS..........cooooomeeeaie. Investments in Other Companies.........__... Plant Site _... eam eee eae Water Rights .. Water Rights l.eases.........oocoooiioceeaucnn Buildings and Equipment..............._...... _. Timber Lands iii. 3 Magnasite Leasehold .. eee emeemenns Deferred Charges ooo. salvage on Machinery... 4 0 00 77 6 “8 6 h J J32 £0 8.500 9,347 "644 +67 So . p, J 90 “0,112 "2,025 “1,366 "666 01f rs A . 1 TOTAL ASSETS ieee ~ LIABILITIES-Accounts Payable o.oo. Dond Interest Accrued.............. -. Accrued Taxes .._... ees Income Tax Reserve... Dividends Pavable ...__ 37 ¥ 297,856 “Sub + ~~ DOD My 4 hss 209 391 17.979 17 000 Total Current Liabilities.......... Note Pavable 1934... Employees Hospital Fund................. Funded Debt ....___ Capital Stock ....... ... .. Initial Surplus .._.........___.. Earned Surplus ....... 369,5.9 © 000 08 500 092 569.2017 17.581 2,800,000 .116,092 457,899 228 8928 TOTAL LIABILITTES ___ Net Working Capital... eem———— Ratio Current Assets to Cur JT.iahil® 0 1,63 1 OR 2: 3 KE: 52 2171 First Mortgage Sinking Fund Gold Ronds FT" DFD DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized crreeneee 69% 7-1-26 7-1-486 $3.000,000 Outstanding $2.505,500 fund beginning July 1, 1928, $134,000. Tax Status: Company pays normal Federal income tax up to 29%. Security: First mortgage on all the ‘ixed assets, including land, plants, zquipment, water rights, timber and timber lands. Legal Opinion by: Carey & Kerr, Portland, and Griffith, Peck & Cohn, Portland. Offered by: Blyth & Co.. July 1. 1926. at 100. Interest Payable: Jan. 1 and July 1, at Bank of California, N. A., Portland, Seattle, Tacoma, San Francisco, or at Continental & Commercial Trust & Sav-‘ngs, Bank, Chicago. Trustee: Bank of California, Iv. A., Dortland, Ore. Registerable: As to principal. Calable: At 105 to 1940 and at 102.50 thereafter. Sinking Fund: $100,000 retired July 1927 Minimum annual retirement 68 THOMSON'S MANUAL LONGVIEW FIBRE COMPANY GENERAL OFFICE: Longview, Washington. HISTORY: Incorporated under laws of Delaware, 1926. Began operating container board machine, Nov., 1927, and wrapping paper machine, July, 1928. BUSINESS: Company produces 130 tons of paper products a day, of which 100 tons are container board and 30 tons kraft wrapping paper. PROPERTY AND PLANTS: Ninety-nine acres of land owned in fee and buildings and equipment at Longview, Washington. representing investment of $3,680,332, on Jan. 1, 1929. SUBSIDIARIES: Acquired the assets of General Fibre Box Co., Springfield, Mass., March, 1929. DFFICERS: M. A. Wertheimer, Chair. of Board; H. L. Wollenberg, Pres.; D. C. Everest, Vice-Pres.; C. J. Schoo, Vice-Pres.; M. T. Roy, Sec.-Treas. DIRECTORS: M. A. Wertheimer, H. L. Wollenberg, D. C. Everest, C. J. Schoo, M. T- Roy, R. S. Wertheimer, J. D. Tennant, Myron C. Woodard, W. A. Leigh, [.. C. PeabodvV. FUNDED DEBT First Mortgage Gold Rate Dated Due Authorized Outstanding Bonds—Series 1929 ...riiiiceecceeeee. 6% 1-1-29 1-1-39 $5,000,000 $1,500,000 Interest Payable: Jan. 1 and July 1, July 1, 1937; on Jan. 1, 1938, and thereat First Wisconsin Trust Co., Milwau- after at par. kee, Wis. - Tax Status: Company pays Federal Trustee: First Wisconsin Trust Co. Income tax up to 29%. and George B. Luhman, Milwaukee, Security: First mortgage on all fixed Wis. oo. assets of company at Longview, Wash. Registerable: As to principal. ) . 37% extn Denominations: $1,000. Legal Opinion by: Messrs. Miller, Callnble: At par and accrued interest Mark and Fairchild, Milwaukee, Wis. olus % % for each unexpired vear, to Offered by: Blyth & Co. Sept. 1929 OREGON PULP & PAPER COMPANY GENERAL OFFICE: Salem, Oregon. EXECUTIVE OFFICE: Oregonian Bldg. Portland, Ore. CONTROL: Columbia River Paper Co. owns 95% common stock. HISTORY: Incorporated under laws of Oregon, July 1, 1919. BUSINESS: Manufacturers of high-grade sulphite bond papers. including glassine, grease proof papers and tissues. PROPERTY: Company owns 20-acre industrial site in Salem, Ore. on which is its main plant of steel and concrete, fully equipped with modern machinery. Jompany owns two developed water powers known as North and South Power. with total of 1500 h.p. OFFICERS: F. W. Leadbetter, Pres. & Gen. Mgr.: B. L. Steeves, Vice-Pres.: W. S. Walton, Treas.; A. S. Fleming, Secy. DIRECTORS: F. W. Leadbetter, B. L. Steeves, A. S. Fleming W. S. Walton, W. B. DuBois, H. G. Reed, George Putnam, W. C. Findlev. Pittock Leadbetter. Truman Collins, W. E. Keyes, A. M. Cronin, Jr. GENERAL AUDITORS: Haskins & Sells. Fiscal Year Ends: Dec. 31. Annual Meeting: 4th Thursday in Jan. Number of Emnlovees: 350. CAPITALIZATION Par Value Authorized Outstanding 1. 89 Cum. Preferred Stock cee. $100 $ 800,000 $ 800,000 2. Common Stock ._. reat. %100 $1.300.000 $1.300.000 1. 8% CUMULATIVE PREFERRED STOCK. Provisions: In case of dissolution or in arrears, when preferred has equal liquidation, preferred stock must be vote with common. fully paid along with all accumulated Dividends: Regular dividends paid lividends before holders of common can monthly. claim any share in assets whatsoever. Transfer Agent: At company’s office Callable: At 105. . Publie Offering by: Lumbermen’s Voting Power: Has no vote except Trust Co., Portland, Ore. in event of dividends being two vears Number of Stockholders: 383. 2, COMMON STOCK. Provisions: Has sole voting power Dividends: Paid monthly to Dec. 31 inless dividends on preferred stock be- 1925. None reported since. . :ome 2 years in arrears, in which event ae ) 2 A 's offi preferred votes share and share with Transfer Agent: At company's ottice Aa IMOon Number of Stockholders: 9 PULP AND PAPER COMPAN.:. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 1928 1927 1926 income for Bond Intd.. 14920 "462,209 acer "7 $292,553 Deductions— Bond Int, Ex: Depreciation Federal Tax . 1925 "17,833 {EEG .1 651 “Lv,813 Vet Income "08,007 YREEP ECT FTO gp AC L4,0 CONEY GXFTOTVIY. Am ASSE" ree. 37 hi 6 t 47% Cash .oocooceeeeeeen eeteeeeieetamaeennnenenananne naan Notes, Accepts. & Accts. Receivable ...........oocooo.... Inventories ........ rman En nn — nas Advances on Logs and Wood..... 1928 18,575 331,705 84,664 22,072 Total Current Assets... Plant and Equipment....... investments .............. SRA SERA Special Deposits oii ean Due from Cal.-Ore. Paper Mills. ......cooioioieiaieeaeeaaanen, Deferred Charges ..... ee meeaan 1 ) ¢ 5.239 »2 TOTAL ASSETS ...... LIABILITIES— Accrued Bond Interest............. Notes and Contracts Payable... Accts.,, Wages and Taxes Pavable..._... 1,503 185.569 290.094 1,2: 2 “0,198 290.114 Total Current Liabilities... eeeeeeeeneenas Due Affiliated Companies...... een eemean Depreciation RESEIVEe ooo. iii eeeeeeeeee eee eeaane nnn Funded Debt ooo. # eananenin ana nee anna Preferred Stock .......... Common Stock ........ Surplus 407,. 1b £R.476 oe2C A 5,054 £.f33 “50 0 Ce d0 227 457 TOTAL LIABILITIES oie. Book Value Common Shares... Li.obh FUNDED DEBT, As of Dec. 31, 1924 Dated Nue 5-1-26 1927 Rate 1. 1st Serial Gold Bonds, Series A 69% 1. 1st Serial Gold Bonds, Series B 6% 1. FIRST MORTGAGE 6% SERIAL GOLD BONDS, SERIES “A”, . Interest Pavable: M&N 1, at trustee's vested in additional property or equiprffice. ment or bonds of this issue, and bal-Principal Pavable: May v. ance used to purchase outstanding $20,000; 1927, *27 )0; 1929, $40,00C; _¢ 50, bonds, at or below call price. $30,000; 1931, "€.. 50; 1932 to 1940, incl., Tax Status: Company pays Federal 170.000; 1941, $170,000. ncome tax up to 2%. a uiitoble Trust Co., Port- Security: Secured by first mortgage Registerable: As to principal on entire fixed properties now owned ; & or hereafter acquired. Denominations: Coupon $100, $500 2 ¥ and $1,000. ] Legal Opinion by: Earl C. Bronaugh. Callable: On any interest date on 10 Portland, Ore. days’ notice at 102 to May, 1936, and Offered by: Lumbermens Trust Co, at 101 before May, 1941. Portland, Ore., and Minnesota Loan & Sinking Fund: Amount equal to com- Trust Co., Minneapolis, Minn., June, mon dividends, 1% of which mav be in- 92a. 2. FIRST MORTGAGE 8% SERI Interest Payable: M&N 1, at trustee's affice. Principal Payable: Due each May 1, as follows: $20,000, 1931 to 1936. inclusive; $25,000, 1937 to 1940, inclusive: and $70,000, 1941. Trustee: Lumbermens Trust Co. Sartland. Registerable: As to principal. Denominations: Coupon $100, $500 1,000. Callable: On anv interest date on 10 \L GOLD BONDS, SERIES “IB, days’ notice at 102 to May, 1936, incl, and at 101 thereafter. Tax Status: Company pays normal income tax up to 2%. Security: By first mortgage on all ‘ixed properties of company, including ~eal estate, buildings, machinery and 2quipment now owned or hereafter acquired. Offered by: Lumbermens Trust Co. Portland, Oregon, and Minnesota Loan & Trust Co.. Minneapolis. Aug... 1927. 170 THOMSON® PACIFIC MILLS, LIMITED GENERAL OFFICE: Standard Bank Bldg., Vancouver, B. C. CONTROL: By Crown-Zellerbach Corporation. : HISTORY: Incorporated under laws of British Columbia, Nov. 14, 1914. as successor to Ocean Falls Pulp & Paper Co. Ltd. BUSINESS: Manufacturers of pulp, paper and lumber. PROPERTY: Pulp and paper mills of 270 tons daily capacity, at Ocean Falls, 390 miles north of Vancouver, B. C., 3% billion feet of timber owned in fee or held ander timber licenses and pulp leases. Water power plant located on Link river, estimated to develop minimum flow of 23.000 h. p., townsite of 400 acres of land. fully equipped sawmill. DFFICERS: Louis Bloch, Chairman of Board; A. B. Martin, Pres.; F. N. Youngman, Vice Pres.; J. H. Lawson, Secy.; Bernice H. Fraser, Asst. Secy.; H. C. Pim, Asst. Secy.: D. J. Goldsmith, Asst. Secy.; J. A. Young, Treas. DIRECTORS: Louis Bloch, A. B. Martin, J. H. Lawson, M .D. Hamilton, J. A. Young, W. J. Blake-Wilson, W. E. Wintemute, N. F. O'Brien, F. N. Youngman. GENERAL AUDITORS: Helliwell, Maclachlan & Co., Vancouver, B. C. Fiscal Year Ends: Dec. 31. Annual Meeting: Last Tues. in April, VYumber of Emploves: 1,000. CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized Outstanding I. 6% Cum. Pref. Stock.c. cc. rereceeeeeee. $100 $2,000,000 $1,933,400 2. Ordinary Stock erenreeeeee $100 $7,600,000 $7.500.000 i 6% CUMULATIVE PREFERRED STOCK Provisions: Preferred as to 6% cum- ing shares. alative dividends and as to $100 per Ownership: 93% by Crown-Zellershare in liquidation. No stock having bach Corp. aquality or priority may be issued Dividends: All paid up to Oct. 31, without consent of majority outstand- 1929. 2. ORDINARY STOCK Ownership: 93% owned by Crown- Dividends: 49% paid in Dec. 1928; Zellerbach Corp. none before or since. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 929 ‘928 72,163 2,262, 0 IE erp roan? 9 1927 $2,095,335 120A 875 Net Earnings acocceccremmemeeemmeomesencenns Interest. Amortization. Taxes. etc. ... Net Income ...... Preferred Dividends ............. Common Dividends -eeeeeeenes of 788.660 Surplus for the year... ........ ffarned per share Preferred Stock........... 53 Earned per share Common StocK............ 3.16 sTncludec ASR 029 dividends accrued from 1918 to 192% TOMPARATIVE BALANCE SHEET, As of Dec. 31 ASSET® 1929 1928 Properties ... .... 7,062,195 116,020,894" Inventories o.ccoeeeeceeeeeee — 968,793 1,838,056 Accounts Receivable ..... rome . 556,067 656,616 VAS eeeeeeoieemnmeeocaeseceennnnennannnannn - 7,766 150.653 Jue from Crown-Willamette.... . —— 5£0,000 we Sinking Fund ............. eteememeemnneanananne 238 05 Deferred CRATZES ccocciece ceccrccceccemreessnreeroermsmans 189.886 “8 TOTAL ASSETS ee erriaae22.820.224.745 -20 053.941 "ee 4 %0 1s 1927 516,579,553 2,359,602 394,011 148,147 13,340 212,473 219 707.126 LIABILITIES-Preferred Stock ... Ordinary Stock aceon. ERR ——-Funded Debt ieee eee ceencennmaeeneneeee Bills and Accounts Pavable..........ooeeeeee TaX RESEIVES ceccoomiiomimncocecmmamessnmameassonneerooan Accrued Interest cio + niin Dividends Payable eines wk Earned Surplus ieee eee 209 TOTAL LIABILITIES imams $20,053,941 FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding I. 1st Mort. Serial Bonds........... 6% 2-1-17 1929-43 $6,000,000 $2,297,000 > Subordinated Mort. Bonds...... 6% R-2-15 8-1-45 $3.000.000 $1.785.900 BANKS AND TRUST COMPANIES 1. FIRST MORTGAGE SERJAL GOLD BONDS Interest Payable: F. & A. 1, at Con- weeks’ notice as follows: 103 for first tinental Illinois Bank & Trust Co., 10 years; 102% for next succeeding 5 (Chicago, or Anglo-California Trust Co. years; 102 for next succeeding 5 years, San Francisco. and 101 thereafter. Principal Payable: Feb. 1, each year, Sinking Fund: Of $1 per 1,000 feet $100,000, 1919-22, incl.; $150,000, 1923- of timber cut during first two years 30, incl.; $200,000, 1931-37, incl.; $500,- and $2 per 1.000 feet thereafter, to be 000, 1938-43, incl. used only for payment of principal of Trustee: Yorkshire & Pacific Securi- bonds. ties, Ltd.,, Vancouver, B. C. Tax Status: Company does not pay Registrar: Continental Illinois Bank U. S. normal income tax. Trust Co., Chicago. Security: First mortgage on prop-Registerable: As to principal. erty, mills and timber. Denominations: Coupon, $1,000. Por- Offered by: Continental & Commerons of 1932-33-34 maturities in $500. cial Trust & Savings Bank, Chicago, Callable: On any interest date on 4 I11., Feb., 1917. Q. 2. GUARANTEED SUBORDINATED 30-YEAR SINKING FUND GOLD BONDS Interest Payable: IF. & A. 1, at Guar- 31, 1926-30, $45,000 annually; 1931-35, anty Trust Co., New York; Keinwords $60,000 annually; 1936-1940, $75,000 ansons & Co., London, Eng.; Anglo-Cali- nually; 1941-45, $90.000 annually. fornia Trust Co., San Francisco. Tax Status: Company does not pay Trustee: Yorkshire & Pacific Securi- U. S. normal income tax. “ies, Litd., Vancouver, B. C. Security: Second lien on entire prop-Registerable: ._As to principal. erty, subject to first mortgage bonds, Denominations: Coupon $1,000. guaranteed as to principal and inter-Callable: As a whole or in part on est by Crown Willamette Paper Co. any interest date on 4 weeks’ notice at Offered by: Continental & Commer-101%, cial Trust & Savings Dank, Chicago, Sinking Fund: Years ending May Nov, 1924, 981. POWELL RIVER COMPANY, Ltd. GENERAL OFFICE: Powell River, B. C. EXECUTIVE OFFICE: Minneapolis, Minn. HISTORY: Incorporated under laws of B.C. July 13. 1911, and acquired the property of the Powell River Paper Co. BUSINESS: Produces newsprint paper. PROPERTY AND PLANTS: Main plants located on tidewater at Powell River, B. C.; daily capacity 475 tons of finished newsprint. Owns water power rights which have been developed to produce 50,000 h.p., sufficient to operate all machinery and supply the townsite. Company has timber holdings on tidewater estimated in 1928 to carry over 6,000,000,000 feet of saw timber. OFFICERS: D. F. Brooks, Pres. Minneapolis, Minn.; M. J. Scanlon, Vice-Pres., Minneapolis, Minn.; S. D. Brooks, Vice-Pres., Vancouver, B. C.; P. A. Brooks, Sec. Minneapolis, Minn.; A. S. Brooks, Treas., Minneapolis. Minn.; A. E. McMaster, Gen. Mgr.., Vancouver, B.C. DIRECTORS: A. S. Brooks, D. F. Brooks, M. J. Scanlon and P. A. Brooks, of Minneapolis, Minn.; F. T. Griffith, Portland, Ore.; S. D. Brooks and A. E. Me-Master, of Vancouver, I> 7. GENERAL AUDITORS: “iw. Maclachlan & Co. Number of Employees: CAPITALIZATION: 1. 7% Cum. Pref. Stock. 2. Common Stock ‘Talue Authorized $100 $5.500,000 $100 $4.500.000 Outstanding $5,250,600 $3.500.400 PREFERRED STOCK. Voting Power: Entitled one vote in event four consecutive dividend periods in arrears, or in event of any change in business procedure. Dividends: Paid regularly quarterly, Mar., June, Sept. and Dec. 1. Issued: 150% stock dividend on common stock, Sept. 1, 1926. Public Offering by: Wells - Dickey Co., Minneapolis, Minn., Oct., 1927 2. COMMON STOCK. Voting Power: Has exclusive voting stock dividend of 150% was paid. Latepower except as stated under preferred. ly, annual 10% cash dividends reported Dividends: Sept, 1. 1926. a preference paid. YT™ DERT, As of Mar. 1, 1930 te Dated Due Authorized Outstanding “erinl Gold Notes... 2% 2-1-26 2-1-33 $35,000,000 $2,000,000 Interest Payable: Feb. 1 and Aug. 1, lows: Feb. 1, 1931, and 1932, $750,000 It trustee's office. each; Feb. 1, 1933, $500.000. Principal Payable: Retired to March, Trustee: Minneapolis Trust Co.. Min-1930. $2.000 000. Remainder due as fol- neanolis Minn THOMSON'S MANUAL Registerable: Coupon notes register- company. Company agrees not to issue able as to principal. foie fhe mortgage bonds during the life i : ; A >f these notes. Denominat ons 3599 and $1,000 1931 Legal Opinion by: Messrs. Lancaster, Callable: At 100% to Feb. 1, 1931, limpson, Junell & Dorsey, Minneapolis. and at 100 thereafter, on any interest . . . , s Offered by: First Minneapolis Trust late on 60 days’ notice. x ; : | y Co., Minn., and Wells-Dickey Co., Min-Tax Status: Free of Canadian taxes. neapolis, Feb., 1926. Price to yield security: Direct obligation of the 1.87% to 5.259%, according to maturity. PUGET SOUND PULP & TIMBER CO. GENERAL OFFICE: Everett, Wash. HISTORY: Incorporated under laws of Delaware, Mar. 19, 1929. A consolidation of San Juan Pulp Mfg. Co., Bellingham, Wash.; Fidalgo Pulp Mfg. Co., Anacortes, Wash.; Skagit Valley Lumber Co., Mt. Vernon, Wash.; Mitchell Bay Lime Co, San Juan Islands; Puget Sound & Cascade Ry. Co.; Hartford & Eastern Ry. Co., and Lake Stevens mill and timber properties of B. J. & W. J. Rucker. BUSINESS: Manufacture of bleached and unbleached sulphide pulp, logging, lumber manufacturing, including production of logs and lumber, for general market, and wood supply for company's pulp mills. PROPERTY: (1) Two operating unbleached sulphite pulp mills, using waste wood, at Anacortes and Bellingham, combined capacity 140 tons per day. (2) 150-ton per day bleached sulphite pulp mill with appurtenant “cut-up” sawmill plant, warehouses, docks, ete., built in 1929, on 32-acre site on tidewater in city of Everett, Wash. (3) 80 miles of standard gauge railroad, extending from tidewater at Mt. Vernon eastward through Skagit River valley. (4) Complete modern. sawmill at Clear Lake and necessary logging equipment, and ownership in fee or control under favorable contract of over 500.000,-000 feet of timber tributary to the railroad. (5) 48 miles of standard gauge main line railroad extending from tidewater at Ebey Slough, about 5 miles towage distance from Everett, Wash. eastward up the Stillaguamish Valley, together with approximately 122,000,000 feet of fee timber. (6) Extensive lime rock deposit on San Juan Island, capable of supplying Companv's present and future needs. DIRECTORS: H. W. Bunker, Chairman of the Board Pierce, Fair & Co., Seattle. and President of Coos Bay Lumber U. M. Dickey, Pres. Consolidated Dairy Company, San Francisco. Products Co., Seattle. Ossian Anderson, President, and for- O. M. Green, Pres. Olympia National merly President of San Juan Pulp Bank. Manufacturing Co., and Fidalgo Pulp R. H. Miller, Director National Bank of Manufacturing Co., Everett. Commerce, Seattle. : 2, F. Knight, First Vice Pres., and Vice H. M. Robbins, Pres. Clark-Nickerson Pres. of Mutual Lumber Co., Tenino. Lumber Co., Everett. William Morrison, Vice Pres. and Vice Peter G. Schmidt, Pres. Schmidt Estate Pres. of Morrison Mill Co., Belling- Co., Seattle. ham. W. N. Winter, Pres. West Coast Teledg. R. Lawton, Secy., and Vice Pres. 0” phone Co., Everett. . CAPITALIZATION: Value . Authorized Outstanding Ll. $6 Partic. Pref. Stock... ....No Par 95,000 shs . 50,000 shs 2. Common StocK .rieeeeeeeeeceseccsececameewno. NO Par 95,000 shs 50.000 shs YOTE: 45.000 shares of each class reserved for hond conversion, 1. $6 NON-CUMULATIVE PARTICIPATING PREFERRED STOCK Provisions: Entitled to $6 per share share and share alike. and after Common receives: like amount Public Offering by: Peirce, Fair & in any one year, both classes partici- Co., Aug. 1929, at 100. with bonus one pate in further distribution nf earnings. Common share. FUNDED DERT. As of Dee. 31, 1929 First Mortgage Collateral Trust Convertible Rate Dated Due Authorized Outstanding Gold Bonds ..ooooeeeeeeeeeeeeaeecnnenea. 6% 8-15-29 8-15-39 $4,500,000 $4,500,000 interest Payable: Feb. and Aug. 15, of bond or within 10 davs of redempat trustee’s office. tion date. I'rustee: Bank of California, N. A. Tax Status: Company pays normal i Federal income tax up to 2%. Denominations: Coupon bonds. $1,000 Security: First mortgage on all the and $500. : *ixed assets and assignment with trus-_ Callable: As whole or in part on any tee of stock of two railroads owned by interest date on 60 days’ notice at 110. sompany ,and timber contracts. Convertible: Each $500 bond con- Purpose: Construction of 150-ton vertible into units of 5 shares Pre- pulp mill at Everett, Wash. ferred stock and 5 shares Common, at Offered by: Peirce, Fair & Co., Aug nolders' option. anv time during life 1929, at 100. PULP AND PAPER COMPANIES (B.C. Power Corp., Ltd. See Page 3'%) COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Jan. 30, 1929 y ASSETS Cash ........ Dom. Bonds, other ... cur Accounts Receivable Employes’ Housing L~ Stores and Supplies. Bond Sinking Fund Plant & Equipment TOTAL ASSETS 2,131,627 3,701,976 118,368 25,873 92,009 LIABILITIES Accounts Payabi oe Bond Interest Dividends ... “unded Debt ............ Minority Int, held by + Reserves _..... ....... . Tap. Stock & Surplus... TOTAL LIARILITIES ........$131.8371.91.] 2,975,293 501,691 749,600 ~,804,749 2,142,074 9,994,974 76,203,529 RAINIER PULP & PAPER COMPANY OFFICE: Shelton, Wash. EXECUTIVE OFFICE: 534 Battery St. San Francisco, Calif. HISTORY: Incorporated under laws of Delaware, April 26, 1926. Began manufacturing operations in July, 1927. BUSINESS: Engaged in the manufacture of sulphite pulp. PROPERTY AND PLANTS: Company owns approximately 16 acres of land on tidewater at Shelton, Wash. Plant consists of sulphite pulp mill and wood-preparing plant, warehouse, docks, etc. Original daily capacity was 125 tons of unbleached sulphite pulp, or 115 tons of bleached sulphite pulp. During 1929 additions were made consisting of an additional sulphite digester, bleaching unit, steam rolls on drying machine, high pressure steam boiler and steam turbine, increasing daily capacity to 170 tons of unbieached or 155 tons of bleached sulphite pulp. Closely adjacent to plant are two large sawmills, from which company purchases electric energy and steam at low rates. , Company has contracts with several sawmills for wood suitable for sulphite pulp. OFFICERS: E. M. Mills, Pres.; I. Zellerbach, J. D. Zellerbach, J. C. Higgins, Vice Pres; W. L. Raymond, Secy.; S. Sonnenberg, Treas. and Asst. Secy.: Chas, H. Conrad, Asst. Secy.; A. I. Ellis, Asst. Secy. and Asst. Treas. DIRECTORS: E. M. Mills, I. Zellerbach, H. L. Zellerbach, Charles R. Blyth, all of San Francisco, Calif., and John C. Higgins of New York City. GENERAL AUDITORS: Lybrand, Ross Bros. & Montgomery. Fiseal Year Ends: April 30. Annual Meeting: 2nd Tues. in May. CAPITALIZATION, Ax of Mar. 31, 1930 Par Value Authorized l. Class A Common Stock.....ooeoooooo...... No Par 100,000 shs 2. Class B Common Stock................. No Par 123.000 shs Outstanding 100,000 shs 123.000 sha 1. CLASS A COMMON STOCK . Provisions: Has preference as to right to elect majority of Board of Diassets and as to cumulative dividends rectors. Such right continues so long of $2 per annum. Participates equally 18 arrearage is equivalent to $1 per share for share with Class B Common ihare. after Class B has received $2 per share. Dividends: First dividend paid Mar. In liquidation is entitled to $34 and 1, 1929 of 50 cents. Continued thereafior Class B has Foceived $34 per after quarterly, $2.00 per annum. share, participates equally in further vedi distribution. Participates equally with Bx-dividend Unie: Feb. 10, ete. Class B in stock dividends or rights to Transfer Agent: Company office, or subscribe to new stock. Neither class “irst Seattle Dexter Horton Nat. Bank. has preemptive right to subscribe to Registrars: Pacific Nat. Bank, Seatstock issued for consideration or stock Je, or Wells Fargo Bank & Trust Co., entitled to fixed return. Without con- San Francisco. sent of 3 Class A stock, rights may Legal Opinion by: Sullivan & Cromnot be changed or further Class A stock vell, New York. . issued. Public Offering by: Blyth & Co. Callable: Non-callable. Number of Stockholders: Feb, 10, Voting Power: Not entitled to vote, 1930, 1,142. } except when there are arrears in pay- Listed on: Seattle and San Francisco ment of dividends on Class A shares to Stock Exchanges. extent of $3 per share, in which event . Price Range: 1929—High, 36: Low, holders of Class A shares have the 26: 1928—High, 36%: Low, 32. 2. CLASS B COMMON STOCK Provisions: Dividends are non-cumu- terly thereafter. Extras of 25 cents ative after expiration of each year. were paid June, Sept.,, and Dec. 1, 1929, Voting Power: Sole vote except as Transfer Agent: Company, 534 Batstated under Class A. tery St., San Francisco, Wells Fargo Dividends: Initial dividend paid Mar. Bank & Union Trust Co.., San Fran-[. 1929. of 25 cents and continued guar- oisco THOMSON'S MANUAL COMPARATIVE INCOME STATEMENT, Years Ending Apr. 30 1930 eeeea-$2,300,925 .. 1,643,916 127.027 *7 37 352 00 298 NET INCOME .ooooooeomemenmeeree ameeaenaen 16.623 Dividends cccceoeeeeo enn EERE eeeeenas SUTrPIUS FOI YW OAT oioiciimnamceresasrmcomoncnaaan = + msmsssssesscscccocann oon eeamanann Earned, per share Class A STOCK iii eerie 4.79 Earned, per share Class B SOCK ieee 2.29 FUNDED DERT: During 1929 company retired entire funded debt. 1929 $2,430,000 1,595,495 150.495 684,273 684,273 703,867 55,089 162.171 486,607 246,016 240,591 4.86 2.18 BALES coor ececcemenmmcccecceemasssemmascsmesesmamesees a emosemesesssassesssasees Cost of Sales.cciiiananan. Jperating Expense ....... Operating INCOME oo iriiriieimnnnanneens Operating INCOME ieee ean essen TOTAL INCOME «eons eeeereeseemssenesas eae «ane meee Federal Taxes .... rod RRR Interest ....._-. J COMPARATIVE BALANCE SHEET, Years Ending Apr. 30 ASSETS— 1029 TIABN. eerie asa ee emmeemea———n— 16,335 Notes and Acceptances. ...cocercensmmcamennenn 0,000 Accounts Receivable .._......... 3 WAR 34,190 [nventories ......... momen 20.647 Total Current Assets . RE LANA comm minssme assess neaas wolimawnmmms Plants and Equipment...... en onstruction oie Jontracts and Options... eee Deferred Charges ............. Acets. Rec. (Deferred). oeceeineees TOTAL ASSETS .... LIABILITIES— Payrolls and InSUrancCe.........c... «+ - coeemenmmannns Accounts Payable riiiiiiies ees Notes Payable iis Accrued Expenses ........ Tax Reserve __ 1928 5 135,115 50,000 222,763 155.521 T 563,399 23,337 2,486,165 "724,600 113.730 ®29211.231 668 6.365 5.366 32.612 , 28,011 “55,486 24.600 “3.515 9.525 7 519 181 2 90,381 281,675 29 A95 . 401,751 1.260.000 24.600 779,880 1.515.000 $3.211,231 2 "161.648 Total Current Liabilities................. lass A StoCKam cian 1aSS B StOCK meinen eimeenene Jurplus Paid Ino Surplus Earned. oii Funded Debt otter amma an 758,580 75,486 1,600 51% QFE 0° . TOTAL LIABILITIES oe. Net Working Capital... 279 1QR ST. HELENS PULP & PAPER COMPANY GENERAL OFFICE: St. Helens, Ore. HISTORY: Incorporated under laws of Oregon, Nov.. 1924. Mill began overa--ions Jan. 1, 1927. BUSINESS: Company manufactures high-grade kraft pulp and paper by sulphate process. Pulp obtained by treating wood chips with chemical solution of sodium hydroxide and sodium sulphide. Also manufactures paper bags. PROPERTY AND PLANTS: Company owns 43 acres with 1,300 feet deep-water frontage on Columbia River, at St. Helens, Ore., on S. P. & 8. Ry., 27 miles north of Portland. Paper mill of 60 tons daily capacity. Main plant is of steel and con-~rete. Bag factory, capacity 3,000,000 bags daily. Company also owns another Sag factarv an its proverty which is leased to Jaite Company, Jaite, Ohio. OFFICERS AND DIRECTORS: Max Oberdorfer, Pres. & Gen. Mgr.; Dr. Robt. H. gllis, Vice Pres.; *Irving Rau, Secy.-Treas.; H. F. McCormick, Chairman; Dr. J. A. Reuter, E. S. Collins, Phil Metschan. Harrv T. Nicholai. C. C. Blagen, Thomas Autzen. tNot a director. GENERAL COUNSEL: Griffith, Peck & Coke, Portland, Ore. Miceal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in Feb. PULP AND PAPER COMPANIES CAPITALIZATION, Ax of Dec. 31, 1929 Par Value Authorized reeeereeeneeeenee $100 10,000 shs $10 150,000 shs 1. 2. $7 Cum. Pref. Stock........ Common Stock ..... Outstanding None 150.000 shs 2. COMMON STOCK Dividends: Payable quarterly, Jan, “ Transfer A peng Irving T. Rau, Secy. , St. elens, re, apr, Jaly, Cet. 15. Regular 30e per Listed on: Portland Stock Exchange. share per annum and 20c extra paid in Price Range: 1929—High, 19; Low. 1929. 181%. COMPARATIVE PROFIT & LOSS STATEMENT, Years Ending Dec. 31 1929 1928 $647,963 $622,480 125,220 103,222 69,658 73,179 55,600 55,217 Profit before Dep. Int. TaxesS.................. ce eeeeemeeree—eaeaeonm——an. Less Depreciation .... A RRR SRR EH rm Bond Interest, etc. ......_.. ee eaemeeea————————-Federal and States Taxes.......... Net Profit for year... Common Dividends ......... v1 wone ..90,861 $2.60 Surplus for year.................... ... Earned per share Common Stock... ailimns PALANCE SHEET, Asx of June 30, 1929 27.461 "3.414 3,265 6.559 +19.481 ASSF"+ Cash ...._.. . . C. S. Bonds and Notes........ Life Insurance ..........o... cocoon. Accounts Receivable _.. Inventories .... Dec. 31, 1928 3 72,429 193,451 1,302 200,290 355.874 Total Current Assets......... RTA armen mannan Land, Building, Equipment..._._....................... Deferred Charees 1 151,970 2 680.105 TOTAL ASSETS ..occcveeeeneae. LIABRILITIES-Accrued Taxes ...... Accrued WAS cocci iii eee Accrued Interest ................. A SER ARR elim om Accounts Payable ...... ere eteeecreeeeaceseanan Notes Payable ...._......_._._.... Ce emeeeemeieaeee—ane Federal Income Tax... Q 25,182 16,145 15,641 63,308 25,960 52 478 203,% 462,500 253,920 200,000 759.971 TOTAL LIABILITIES ooo eens en $3,680,105 FUNDED DERT, As of Dec. 31, 1929 First Mortgage Sinking Rate Dated Due Authorized Outstanding Fund Gold Bonds.....................6%% 10-1-26 10-1-" $1,000,000 $886,500 Interest Payable: Apr. and Oct. i, Tax Status: Company pays 29% Fedat trustee's office. eral income tax and not over 5 mills Trustee and Regiuirar: TU. 8S. Nation- state income tax. al Bank, Portland, Ore. « re i Registerable: As to principal. Fined oir: First mortgage on all the Denominations: $1,000, $500. . ’ i i Callable: On any interest date, on 15 Legal Opinion by: Carey & Kerr, days’ notice, at 103 to Oct. 1, 1936, Portland, Ore... for bankers; Griffith, thereafter at 1092. Peck & Coke, Portland, Ore.. for com-Sinking Fund: Beginning March, pany. 1929, not less than $75.000 annually to Offered by: Dlvth & Co., Oct., 1926. be paid to trustee in cash or bonds. at 9915, Total Current Liabilities..._.....__ First Mortgage Bonds....... Depreciation ...... Common Stock ..... Surnlus SHAFFER BOX COMPANY GENERAL OFFICE: Tacoma, Wash. HISTORY: Incorporated under laws of Washington, 1889. BUSINESS: Company operates complete sawmill, cutting 40 million feet of hemlock and spruce lumber annually; complete box factory and sulphite pulp mill of 50 tons daily capacity. Lumber from sawmill goes chiefly into manufacture of box shook and waste, both from sawmill and box factorv is utilized in the pulp mill, which began operations in 1929. PROPERTY: Company owns 29-acre site on Hylebos Waterway, Tacoma, on which are located sawmill and box factory, built in 1920-21. and pulp mill. built 176 THOMSON'S MANUAL in 1928, at a cost of $450,000. In 1928, land and plants ,exclusive of pulp mill, were appraised at $662,332. OFFICERS: Ralph Shaffer, Pres.; Arthur W. Berggren, Vice Pres. & Treas.; R. H. Pangborn, Vice Pres.; E. A. Glueck, Secy. DIRECTORS: Frank T. Beers, Arthur W. Berggren, E. A, Glueck, Paul C. Harper, L., J. Hull, R. H. Pangborn, H. Arthur Rust, Ralph Shaffer. GENERAL AUDITORS: Price, Waterhouse & Co. BALANCE SHEET, As of Mar. 31 Par Value Authorized Outstanding 1. 79% Cum. Pref. StocK.....cooomininnns $100 9,000 shs 7.230 shs 2. Common Stock _ ween. --.NO Par 12,000 shs 11,516 shs Earnings: First quarter of 1930, aft- profit of $18,295.36. er depreciation of $11,308.20 and all op- Dividends: None paid since pulp aration and interest. showed a net mill operations started. RATLANCE SHEET, As of Mar. 31 ASSETS— 1930 53,058 142,436 9,989 700 212 482 1929 § 133,850 28,517 6,420 1,900 207.398 378.085 182,164 391,640 111.480 57,969 21.120 CASE eeoeeeeeeeeecsianannamasmammmesarmnesaesmssmsmmssammsscmmemsermoasanan finan mTaosesemssssisaaes Accounts and Notes Receivable .iiiics een eee Life Insurance Sur. Value iii avas eooen Securities ..... imenmmn nnn emeaeeemmmeanesamcoeaer aan [nventories .. heen —————mwiensn mesh dl SER ERR ERR Total Current Assets. ....coimmeanecans I, Sulphur CONSIENIMENT eerie samme aameesse sens onsen omaene PULP PLANE oeieecireciireminnmmmranassmnessnsos cmsesassasssssmesesiossssnenas BOX FQCLOTY coooiccierciocmaamsommmascenamersressacomanaaa ass as amas amas tans an cass snes saan n Real Estate .............. BL BONA DISCOUNT coeieeeeicceeamamceeecmmtnssnrmrtansnsarammennssasnmssmsnrsrannsnnsssaaamsen Irganization EXPENSE ...coooiiceeieocecreecmemssmmmsmistasmsasase car nnsa areas Dither Deferred IteIMS oo iiiiocciriammmmarsear ream asremenananas tan onanenesas Accrued Dividends .... caceccccccccrcimesemmmssouccsrrusseiisssmmmasmannsaanoaiia TOTAL ABSETE .osmimmensrmrmmmnns LIABILITIES— Payroll .cocoecomeciennens ee temaraaaaanaaaeaaemee mmo] Accounts Payable ii eeeeoemsemammeamemeemmsecemeassansenas Trade Acceptances Payable. iiiiinenimmanneansaasanannees Bond Interest ACCIUEA.......cccccoccecimeaccsseremmmasmmraaseorassssmssnmmmaasmssnsmassss Dther Accrued Ttems oo iiimiremnnaenns = . Total Current Liabilities iirc emaec coe aannen Sulphur Consignment ACC. eerie camsnsensaneaeec FUNAEA DDL ooeeeeeeeecaaaeimmcaseaaeseerasesemsmsasamsssnsmmsssanassaasesasmanss 20 Preferred STOCK a ceicaaae miner a scmesssasamasasessezeaemeanesteaasamamzaaas COMNINOTNL SOCK aooeeemiemissaaeaeaaaaensmrmmmsmmeseramsmasasassanannaasnnansaomenss Reserve for Dividends. cccececrrmrmeameasenssanmssasansnaasssssnnasosce Deferred Liahilities _....... eee semen ann mn EHH RA mA mes Surplus .._. rpm einn samen nm rhs MEHR mmm ns ws HR "9,665 21,571 521,260 297,669 54,056 19,230 "6,878 17,283 61.620 1.689.312 21.452.458 22,996 44,281 50,844 10,833 10.540 102.789 YY 143,050 21,577 100,000 723,000 290,270 61,620 4,217 45.878 i.689,312 276,615 2.931 $29.16 3 108.427 100,000 573.800 973,200 "44,897 532.134 $1.452,458 269.658 2.60:1 TOTAL LIABILITIES iiiiiimmareairoeracesmmsnnssssaamanmnmaassnnss Net Working Capital. .ecomrercraacomsssnomrsamnsmnnssnsasssseneneenes Ratio Cur. Assets to Cur. Liabilities oo iriieniimncenriees Pack Value Common Shares nn een SEER FUNDED DEBT, As of Dec. 31, 1929 First Mortzage Serial Rate Dated Due Authorized Outstanding Gold Bonds. Series A _........... 6% % 5-15-28 1930-43 $400.000 $400.000 Interest Pavable: Mav and Nov. 15, it trustee’s office. Principal Payable: On May 15 each vear as follows: 1930, $10.000: 1931 to 1935, incl, $15,000: 1936, $20,000; 1937, £25.000: 1928 and 1939, $30.000: 1940 and jada, $35,000; 1942. $40 000: 1943, $100.-100. Trustee: National Bank of Tacoma. Registerable: As to principal only. Denominations: Coupon bonds, $500 and $1,000. Callable: On any interest date on 60 lays’ notice at 102. Provisions: No dividend shall be paid which would reduce net current hecots to less than % total mortgage. Fixed assets must be kept at twice toral bonds outstanding; no additional Hhonds may be issued wnless b-year sarnings shall average 214 times, and preceding 12 months 3 times annual interest charges, and then not more than 609% of cost of future additions to plant. Security: First mortgage on all the fixed assets. Legal Opinion by: Kerr, McCord & [vey, Seattle, for underwriters; Ww. H. Pratt, Tacoma, for company. Offered by: Wm. P. Harper & Son, Baillargeon, Winslow & Co., and Dean. Witter & Co. May. 1928. at 100. PULP AND PAPER COMPANIES Ei SPAULDING PULP & PAPER COMPANY GENERAL OFFICE: Newberg, Oregon. HISTORY: Incorporated under laws of Oregon, Feb. 27, 1926. Began operation Jan. 1, 1928 BUSINESS: Manufacturing pulp and paper. PROPERTY AND PLANTS: Eight acres on Willamette River, at Newberg, Ore, improved with concrete building equipped with machinery to manufacture 30,000 pounds and upwards of paper daily. OFFICERS: Chas. K. Spaulding, Pres.; J. C. Compton, Vice-Pres.; Lynn B. Ferguson, Treas.; Clarence Butt, Secy. DIRECTORS: Chas. K. Spaulding, H. C. Spaulding, Geo. James, Lynn B. Ferguson, A. J. Lewthwaite, C. L. Starr, E. Fred Emery, N. C. Bowles, Oscar J. Closset, Harry M. Hawkins, Leland S. Johnson, J. C. Compton, W. E. Wright. GENERAL AUDITORS: Wm. Whitfield & Co., Portland, Ore. Fisenl Year Ends: Dec. 31. Annual Meeting: 1st Mon. in March. Number of Employees: 78. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding $100 $600,000 $218,500 Ca $100 $600,000 $566,500 i. 8% CUMULATIVE PREFERRED STOCK. Provisions: Cumulative as to 8% divi- paid. lends from date of issue. Preferred as Dividends: On Jan. 20, 1930, accrued to dividends and as to assets in liqui- preferred dividends paid up to Jan. 1, dation. 1927, leaving 3-vear accumulation un-Callable: At $105 any time after 3 paid. vears from date of issue. Transfer Agent: Company's office. Voting Power: If dividends unpaid Publie Offering by: Geo. C. Watkins. for two years, preferred stock assumes Portland, Ore., May, 1926. full voting power until dividends are Number of Stockholders: 117. COMPARATIVE INCOME STATEMENT, Year Ending Dec. 31, 1929 Net Sales $613,915 Manufacturing Cost ................ 475.835 Gross Profit .................. Selling and General Expense... Profit Before Dep. and Interest............. Interest, Discounts, Etc......._. Net Income ......_. Depreciation ...... Net Operating Profit... Earned, per share preferred stock............. Earned. ver share comman stock... . TTR SYTEET. As of Dee. 31, 1929 LIABILITIES Accts. Payable ......... __.............} Notes and Trade Acceptances. Wages, Taxes and "nterest Ac 2 2.60 3.70 YEON eniierens Accts. Receiva. _ . Stock Subscriptions inventories . ____ 41,735 199,305 15 021 x ~§ 9 Total Current wuLiabilities......{ Preferred Stock issued.............. Pref. Stock Snub. Unissued........ Jommon Stock Issued............ Common Subscribed, Unissued Surplus Total Liabilities _....................$1.044.15¢ TUMWATER PAPER MILLS COMPANY GENERAL OFFICE: Tumwater. Wash. EXECUTIVE OFFICE: Oregonian Bldg., Portland, Ore. HISTORY: Incorporated under laws of Washington in 1928. May 21, 1929, controling interest in the combanv was acauired bv Mr. F. W. Leadbetter and associates, RUSINESS: Produces wood pulp and paper. PROPERTY & PLANTS: Owns and operates ground wood pulp plant and paper mill on Tumwater Bay, Puget Sound. Mill site comprises approximately 36 acres. Daily capacity, 50 tons finished paper products of standard grades. OFFICERS: F. W. Leadbetter, Pres.: W. H. Trindle, Vice Pres.; T. Osmund, Secy.: A. S. Fleming, Treas.: W. P. Donnelly, Asst. Secy. DIRECTORS: F. W. Leadbetter, Portland, Ore.; Joseph C. Tyler, San Francisco, Calif.; Arthur S. Blum, Spokane, Wash.: W. H. Trindle, A. S. Fleming, D. McInnis, T. Osmund, Portland, Ore. ¥iseal Year Ends: Dec. 21. Annual Meeting: Last Tues in Tan 255,061 2 4,300 4,200 26,200 10,300 2068 78 THOMSON'S MANUAL CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding $100 . $700,000 $426,700 2% $100 $550,000 $474,000 1. 8% CUMULATIVE PREFERRED STOCK Provisions: Preference as to assets Voting Power: Has full voting powand cumulative 89% dividends. er on default of 2 years’ dividends. Callable: At 105 and accrued divi- Otherwise none. dends. Dividends: None to Jan. 1, 1930. CONSOLIDATED BALANCE SHEET, As of Oct. 31, 1928 LIABILITIES Accounts Payable ......c.ooo............$ 21,150 funded Debt ..... eceeeeeeneneneee £00,000 Preferred Stock .ocoeeeeceeeeereeeeeeen 426,700 Common Stock ooimriceeeeeeeeeeee 474,400 BUT D US oreo eee eee emma 30,762 1. 89% Cum. Pref. Stock... crores 2. Common Stock ... wa Total Current Asset: Due on stock subscrip’ . Land, Bldgs., Mach. & Fer® Artesian water supply Deferred Charges coo... TOTAL, ASSETS ceiiieiaeee 45 1.353.012 TOTAL LIABILITIES ............$1,353,012 FUNDED DEBT, As of Dec. 31, 1929 First (Closed) Mortg. Sink. Rate Dated Due Authorized Outstanding Fund Gold Bonds..........cccccoeeeeees 1% 5-1-29 5-1-39 $400.000 $400,000 Interest Payable: May 1 and Nov. 1, net earnings before depreciation. but at trustee's office. not more than $40,000. Trustee: Pacific National Bank, San Tax Status: Company pays normal Trancisco. 20, Federal income tax. California and Registerable: As to principal (cou- Oregon personal prop. taxes refunded oon bonds). Bn First closed mortgage on Denominations: $1,000 and $500. } all fixed assets. Callable: In whole or in part in Legal Opinion by: Bruce C. Shorts, minimum amount of $25,000 on any in- Seattle, Wash, terest date at $105 and accrued inter- Offered by: Richards & Blum, Inc, ast. . Spokane, Wash., and Joseph C. Tyler & sinking Fund: Annual payments be- Co., San Francisco, Calif.. June, 1929. inning Feb. 15, 1930. based on 50% of at 100. VANCOUVER KRAFT CO. Ltd. GENERAL OFFICE: Port Mellon, B. C. CONTROL: 51% of company’s Common stock and 509, of Preference stock owned oy Columbia River Paper Co., Portland, Ore. HISTORY: Incorporated under laws of British Columbia, April, 1928. Acquired properties of the Howe Sound Pulp & Paper Co. and Vancouver Kraft Mills, Ltd. BUSINESS: Manufactures lumber, sulphite pulp and kraft paper. PROPERTY: Owns mill site at Port Mellon, B. C., covering 73 acres of land, having a deep-water frontage of approximately % mile with plant and warehouses, docks and other facilities suitable for the loading of ocean-going vessels. Also owns 2,000 acres of timber land, containing 40 to 50 million feet of -imber, water power site capable of generating 2,900 H. P. Company has a plant rapacity of 110 tons of pulp and 200,000 feet of lumber per day. DFFICERS: F. W. Beadbetter, Pres.: A. S. Fleming, Vice Pres. & Treas.; W. B. DuBois, Secy.; W. P. Donnelly, Auditor; P. W. Morse, Pur. Agt. DIRECTORS: W. B. DuBois, A. S. Fleming, H. C. Hav. F. W. Leadbetter, Harry Snyder, G. A. Spencer, Ronald P. Stockton, GENERAL AUDITORS: Haskins & Sells. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized reeeeeeeeee $100 $1,000,000 ST. $1 $50.000 FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized eyo, 5-15-28 5-15-43 $2.500.000 Outstanding $600,000 eEN 000 First Mortgage Sinking Fund Gold Bonds ....... Outstanding 21 195 000 PULP AND PAPER COMPAN. Amount Issued: $1,250,000. Interest Payable: May 15 and Nov. 15 at any office of Canadian Bank of Jommerce. Trustee: National Trust Co. Ltd, Toronto, Canada. Registerable: As to principal (cou->on bonds). Denominations: $1,000 and $500. Callable: At any interest payment fate on 30 days’ notice, at 102 and ac-2rued 1nterest, either in whole or in part, or from time to time for sinking fund. Sinking Fund: Annual payments, bezinning May 15, 1929, to retire $50,000 orincipal amount of bonds annually, rither by redemption or by purchase in the open market. Security: First mortgage on all of ‘ixed assets now owned or hereafter icquired. Legal Opinion by: Ronald P. Stockon, Vancouver, B. C. and Carey & Kerr, Portland, Ore. Offered by: Bond, Goodwin & Tucker, Inc, Portland, Ore. and Seattle, Wash., July, 1928, at 100. WASHINGTON PULP & PAPER CORPORATION GENERAL OFFICE: Port Angeles, Wash. CONTROL: By Crown-Zellerbach Corp., San Francisco, Calif. HISTORY: Incorporated under laws of Virginia, Feb. 12, 1917, and is controlled by the Olympic Paper and Power Co. which in turn is controlled by the Crown-Zellerbach Corp. BUSINESS: Manufactures pulp and newsprint paper. PROPERTY: Owns approximately 60 acres of land at Port Angeles, Wash., together with a manufacturing plant, consisting of a 15-unit, 200-ton mechanical pulp mill and a paper mill, consisting of three machines, with a combined capacity of 275 tons per day. The company also holds a 99-year lease on U.S. jovernment Lighthouse Reservation on Ediz Hook, giving a frontage of 2 statute miles of tide lands on the Straits of Juan de Fuca and the harbor of Port Angeles. OFFICERS: M. R. Higgins, Pres.; Isadore Zellerbach, Vice Pres.;*M. M. Cohn, Treas.; J. D. Zellerbach, Secy.; E. M. Mills, Vice Pres. & Gen. Mgr.; Leon T. Dupuis. Supt. TAPITALIZATIC *horized Outstanding 1. Preferred Stock 00,000 $1,500,000 2. Common Stock .... _._. ee eeeemeeeemaemanranaas 4,500,000 $1,150,000 NOTE: Crown-Zellerbach Corp. San Francisco, Calif. ,owns all of both Preferred and Common stock except directors’ qualifying shares. TYTTTTYD DEBT, As of Dee. 31, 1929 Rate Dated Due Authorized Outstanding .6%% 12-1-21 12-1-41 $850,000 $178,500 Interest Payable: July 1 and Dec. 1932, annual sinking fund to purchase at office of trustee. or call bonds at not exceeding redemp-Trustee: Bank of California, © a tion price. San Francisco. Tax Status: Company pays normal Registerable: Coupon bonds regis- ‘ncome tax not in excess of 20. »rable as to principal. Security: First mortgage on all Denominations: $1,000 and $500. droperty now owned or hereafter ac-Callable: At 105 on Dec. 1, 1931, and quired, except in case property here-“2% less each year thereafter. after acquired subject to an existing Sinking Fund: Payment of $42,500 mortgage. made annually to purchase bonds at Legal Opinion by: Pillsbury, Madinot exceeding 105 until 1931, otherwise son & Sutro, San Francisco. to purchase 7. 8 Govt. bonds. After Offered by: DBlvth & Co. Dec 1921 First Mortgage Sinkin Fund Gold Bonds. WESTMINSTER PAPER COMPANY, Ltd. GENERAL OFFICE: New Westminster, B. C. HISTORY: Incorporated under laws of 3ritish Columbia, Aug. 1. 1926, as successor to Westminster Paper Mills, Ltd., formed in 1922. BUSINESS: Manufactures wrapping and tissue paper for a wide variety of uses. Owns patent rights to “Arnett” patent for ovalock towels, etc., the “Descoteau” patent for watermarking color design in wrapping paper. Company manufactures under license “Seyborne” patents and “Hy-G" napkin towel patent. PROPERTY: Located at New Westminster, B. C.. on Fraser river. On 3-acre site, occupied under lease running until 2018. Plant destroyed by fire in 1929 and complete new plant erected. SUBSIDIARIES: Controls Pacific Coast Paper Mills. a Washington corporation. located at Rellingham Wah OFFICERS AND DIRECTORS bia Legislature; Mayor City of New Westminster, IB. C. Frederick Smith, Pres. Smith. Davidson & Wriecht 1.td J. J. Herb, Pres. R. F. Arnett, Vice Pres H. M. Lord, Secy.-Treas. A Wells Grav. Member Dritish Colum- THOMSON'S MANUAL Archie Hogg, Pres. Board of Trade, James Hinton, North Vancouver, B. C. New Westminster; Pres. Archie Hogg Ww, RB. Farris, K. C., Vancouver, B. C Construction Co. . . ’ . UY Cc. S. Henley, Vice Pres. Royal Finan- Francis Wright, Secy. Smith, Davidson cial Corp. Ltd. & Wright, Ltd. GENERAL COUNSEL: Bourne & DesBrisay, Vancouver, B.C. GENERAL AUDITORS: Price, Waterhouse & Co. Fiscal Year Ends: Dec. 31. - Annual Meeting: 3rd Fri, in Aug. Number of Employes: 100. EARNINGS: Net profits available for bond interest, depreciation and income taxes: Year ending 31 Dec., 1923 {ear ending 31 Dec., 20:7 . Year ending 31 July, 1927 ... 8 months to 31 Jan. 19249 Year ending 31 Dec., 1924 ..............$35,742 7 months to 31 July, 1926 ................ 28,775 Year ending 31 July, 1928 _............. 36,472 Books destroved in fire, July. 1929. APTTALIZATION, As of Dec. 31, 1929 . Par Value Authorized Outstanding Common StOCK eceeeervveeeeeeeeraemnnnneseesseaneeees $10 $500.000 $460,050 Tax Status: Dividends exempt from Public Offering by: Royal Financial B. C. income tax. Corporation, Ltd., Vancouver, B. CC, Jan... 1930, at $10. BALANCE SHEET, As of Dec. 31, 1929 (After giving effect to the sale of $300,000 61% % First Mortgage Bonds) ASSETS LIABILITIES Napital Assets— Share Capital— Leasehold pep op preeeneerd$ SO, 800 ‘ssued, 46,00 Shs. of $10 each...... 460,050 3uildings & Equipment................ < Additions to date......... eeee 36,046 Benas Tomer 380.800 Patents & Trade Marks... ...... 75,000 Current Liabilities— a for Addo Exp een Accounts Payable ..criiiniaanneen . C. Paper Mills Econds. ..$.00, isi ee Pp. C. Paper Mills Stock gays Provision for Taxes... SUNATYY ceoccmeemcrn ccomomecmsnsmrrene sone een 1,100 Advances to Affiliated C- . 9.996 Current Assets— [Inventories ....cco....... Accounts Receivable ... Bills Rec. and Acc. Int. . Life Ins. Policy Sur. Val. Acer. Int. on Investments. Nash at Banks ... 88,432 ..-$887,026 FUNDED DEBT, As of Dec. 31, 1929 First Mortgage Sinking Rate Dated Due Authorized Outstanding Fund Gold Bonds.....ccoeeeeeenee.... 619% 4-1-30 4-1-50 $300.000 $300.000 Interest Payable: Apr. and Oct. 1, trustee $5,000 on Nov. 1, 1931, and at Royal Bank of Canada. thereafter $10,000 per year. . Trustee: Royal Trust Co., Vancou- Security: First mortgage on fixed ver, B. C. Bigets and by, floating charge on ail } . Snead other assets. Interest for entire perio Registerable: As to principal. suaranteed by Citv of New Westmin-Denominations: $500 and $1,000. ster. & IT Callable: In whole or part on any Legal Opinion by: Bourne €s nterest date at 105 up to March 31, Brisay, Vancouver, B. C. : . [948 and thereafter at 103 Offered by: Royal Financial Corp. ! : and Victor W. Odlum, Brown & Co, Sinking Fund: Company will pav to Vancouver, B. C., Jan.. 1930. at 100 Total Current Assets......... TOTAI. ASSETS _.. BOND VALUE TABLES INTEREST TABLES BOOKS ON FINANCE ‘Will send on approval to any rated firm. Most complete stock in Pacific Northwest. THOMSON’S BUSINESS BOOK SERVICE SECTION VI. PUBLIC UTILITIES Including all light, power, gas, water, telephone, transportation, bridge, terminal and other miscellaneous public service corporations, both privately and publicly owned, in the Pacific Northwest, whose securities are in the hands of the public. ALASKA STEAMSHIP COMPANY GENERAL OFFICE: Pier 3, Seattle, Wash. CONTROL: By Kennecott Copper Corp. HISTORY: Incorporated under laws of Nevada, Nov. 12, 1907. Consolidation of the Alaska Steamship Co. and Northwestern Steamship Co., Ltd. BUSINESS: Operates fleet of 16 freight and passenger vessels between Seattle, Tacoma and other Puget Sound ports to ports in Alaska. One of chief revenue sources is transporting ore from Kennecott Copper Co.'s mine at Cordova, Alaska, to the Tacoma smelter. SUBSIDIARIES: Controls the Union Wharf Co., Ketchikan Wharf Co. and Juneau Steamship Co. Controlled by Kennecott Copper Corp. EXECUTIVE COMMITTEE: Stephen Birch, W. T. Ford, E. T. Stannard, H. C. Cantelow. OFFICERS: Stephen Birch, Pres.; E. T. Stannard, Vice Pres.; F. R. Raiff, Vice Pres.; C. T. Ulrich, Treas.; H. C. Cantelow, Gen. Mgr.; W. T. Ford, Secy. and Auditor; W. B. Sprague, Pur. Agt. DIRECTORS: Stephen Birch, F. R. Raiff, C. T. Ulrich, L. W. Baker, E. T. Stannard, Thomas Cochran, Lawrence Bogle, H. C. Cantelow, W. T. Ford. W. B. Sprague, E. M. Murphy. GENERAL COUNSEL: Bogle, Bogle & Gates, Seattle, Wash. GENERAL AUDITORS: Haskins & Sells, Seattle, Wash. Fiscal Year Ends: Dec. 31. Annual Meeting: 4th Mon. in April. Par Value Authorized crcvenemeee $100 $4,500.000 Capital Stock .._... DIVIDENDS: 1908 and 1909, 5% each; 1910-1911, none; 1912, 19%; 1913, 49; 1914, 8%; 1915, 11%; 1916, 8% cash and 509% stock dividend: 1917. 8%: 1919 to 1929 incl. 69% per annum. INCOME AND PROFIT AND LOSS FOR YEAR 1929 Operating Revenues .... Operating Expenses . ..----$4,051,869 2440592 Income from Operations......... ..... ee ce eerie Interest, Dividends and Miscellaneous Income... A 3 Gross Income .... eeeneeteenaeo—an en eeemeemeneenennenn——nnes Provision for Taxes and Other Charges Against Income... Nn IR 766 Net Income .. Dividends Paid ..... L000 Surplus for the Period. eee Surplus Januarv 1. ec cicsiiiniinnr nnn smmmannnmrs cane wr AE ERS EE RSS Surplus December 31. 192¢ 2.779. ond RY 1 idl oi THOMSON'S MANUAL CONDENSED BALANCE SHEET, As of Dec. 31. 1929 ASSETS— PTOPCYLY ceceeieeiocncomnmaemmne sens monn nn oc sasnnnnnannnen = Investments in Stocks and Bonds... [insurance Fund Investment. ........... .......... Current Assets— Cash coon. SERRE Accounts Receivable ... Cpe —m————————_nAAA EE nn mn «SRA Notes RECEIVABLE or eerie cciir ccecomacmusssmmn cance moocasesiessnmannes oesmmmssasteamnoom oe sassanoanes cans insurance Claims Against Underwriters. eens Due from Agents and Pursers... nn ——————————a smn mE TAA EE SE AR SR eS Stores and Supplies... ee—————————————————a mn ed SR [nterest Accrued ........ RES REE Ss ca eeneemeneen—n——nn eeeeeeneeaee-$ 3,228,877 vemsemarim man mn rele BR i veeeeenenee 2,089,085 176,006 14,500 170,765 64,475 101,349 29.875 ----$2,075,413 eq 988 RT Total Current Assets... Deferred Debit Items... TOTAL ASSETS coeeecicacmmeasanarmameananan LIABILITIES— Capital Stock, 45,000 shares of $100.00 each............ eeeaeeaeemnnneeene $4,500,000 Current Liabilities ..cieeeiees eeeeeeeaeaae ee eeeeaneamnnmnnneeneananneee 386,717 Deferred Credit Items........ awn smn EERE TS SE 11,147 Reserve for Insurance __.__. eemeeen eames em emsnnane ececmencaneeeeeee 1,202,945 Surplus nnn ——— EER oem Sm reeeeeaeeeeneeeeee 3,157,848 i. 89.258.65T TOTAI LIARTLITIES .... ..... ANCHORAGE LIGHT & POWER COMPANY GENERAL OFFICE: Anchorage, Alaska. HISTORY: Incorporated under laws of Alaska, 1922. BUSINESS: Company operates hydro-electric power generating and transmission plant near Anchorage, Alaska. City of Anchorage leases and operates a fully completed distributing system built and owned by the U. S. Government, and has contracted to purchase eleciricity from Company for fifteen years. The territory served includes the shops and headquarters of the Alaska Railroad, utilizing hydro-power of the company. The population served will be approximately 3,000. OFFICERS: Frank I. Reed, Pres. and Gen. Mgr.; R. Berliner, Vice Pres.; Harry =. Morton, Secy.; J. B. Gottstein, Treas.; J. L. Dobbins, Asst. Secy. DIRECTORS: Frank I. Reed, J. B. Gottstein, Harrv F. Morton, R. R. Berliner. J. L. Dobbins. Annual Meeting: 2nd Tues. in October. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding i. 89% Cum. Pref, SOCK ce eeeerareccnneneananaeeaa $100 $250,000 $175,000 2. Common Stock eens $10 $500.000 $500.000 1. 8% CUMULATIVE PREFERRED STOCK Provisions: Has preference as to as- Voting Power: Has no voting rights sets and in case of liquidation entitled unless the company shall be in default to $110 and accrued dividends. Has In the payment of quarterly dividends preference as to 8% cumulative divi- for a period of 18 months, or in dedends. Unissued $75,000 Preferred, re- fault in the payment of any sinking served for future construction and ‘und payment, when Preferred has full general corporate purposes. voting privileges with the Common Sinking Fund: On or after Aug. 1, stock. 1932, company will retire, either by Dividends: Pavable quarterly, Jan. purchase or by call, at least 39% of the 1, etc. . aggregate par value of Preferred stock Transfer Agent: Company itself and putstanding yearly. Russell-Colvin Co., San Francisco. Callable: At any time after 3 years Registrars: Wells Fargo Bank and from date of issuance at 110 and ac- Union Trust Co., San Francisco: Bank ~rued dividends. of Alaska, Anchorage. Alaska. FUNDED DEBT Rate Dated Due Authorized Outstanding 1% 1928 1943 $500,000 $350,000 FIRST MORTGAGE SINKING FUND 7% GOLD BONDS Interest Payable: Semi-annually, Registerable: As to principal. Feb. 1 and Aug. 1. Denominations: Coupon bonds; $1,000 Trustee: First Seattle Dexter Horton and $500. National Bank, and co-trustee; Bank Callable: Either in whole or in part, f Alaska. Anchorage. Alaska. sn Aug. 1. 1931. or anv interest. nay- PUBLIC UTILITI: ment date prior thereto, at 106 and interest, and thereafter at 106 and interest, less 1% 9% for each expired six months between Aug. 1, 1931, and Aug. I. 1943. Sinking Fund: Commencing June 10, 1931, and yearly thereafter, the company will pay to the Trustee, as and for a sinking fund, not less than 50% of its annual net earnings remaining after payment of bond interest, to provide for the retirement of outstanding bonds of this issue. It is estimated that this fund will be sufficient to retire a substantial portion of the entire outstanding issue of bonds before their maturity. Tax Statux: Normal Federal income ax to 29% paid and California personal property tax paid up to 6 mills. Secured by: An absolute first mortgage lien upon all the physical proparties now owned or hereafter acquired hy the company, including Federal rower permits, rights of way, contracts ind other tangible assets, valued in axcess of $600,000. Legal Opinion by: Messrs. Orrick, Palmer & Dahlquist, San Francisco. Offered by: Russell-Colvin & Co., San Francisco, Oct., 1928, at 100. BREMERTON BRIDGE COMPANY GENERAL OFFICE: Burke Bldg. Seattle, Wash. HISTORY: Incorporated under laws of Washington, Feb. 5, 1929. BUSINESS: Operators of toll bridge across Port Washington Narrows, an arm of Puget Sound, connecting city of Bremerton, Wash, and East Bremerton, affording direct traffic between Puget Sound Navy Yard, at Bremerton, and U. S. torpedo station at Keyport, Wash. Opened for traffic June 15, 1930. PROPERTY: Steel span on concrete piers, with timber approaches, 1,600 feet long, with 80 feet clearance, costing approximately $525,000. FRANCHISE: Construction authorized by Act of Congress June 14, 1926, and franchise granted by city of Bremerton, running 50 years from Oct. 1, 1926. MANAGEMENT: C. E. B. Oldham, Pres.; Chas. P. Kimball, Vice Pres., both of Bremerton, Wash.; Dwight D. Hartman, Secy.-Treas., Seattle, Wash. DIRECTORS: The above, together with Wm. Abbott and L. A. Bender, Bremerton, Wash., and Paul C. Harper, Seattle, Wash. GENERAL COUNSEL: Hartman & Hartman, Seattle, Wash, Fiscal Year Ends: Dec. 31. Annual Meeting: I.ast Tues. in Feb. CAPITALIZATION, As of May 1, 1930 Par Value Authorized I. 7% Cum. Pref. StocKk....oceeevvueeeececcee.. $100 275,000 shs 2. Common Stock .......No Par 6.000 shs le. 7% CUMULATIVE PREFERRED STOCK Provisions: Has preference as to Voting Power: Non-voting. cumulative dividends and as to assets in Dividends: Paid semi-annually. dissolution up to $100 per share. Transfer Agent and Registrar: The Callable: At 102 on 30 davs' notice. companv I'TNDED DEBT, As ¢* i. First Mortg. Sink. Fund Rate Dated Gold Bonds o.oo. T% 9-1-29 2. Sinking Fund Debentures... 79 10-1-929 Outstanding $200,000 3 36,000 i. FIRST MORTGAGE 7% SINKING FUND GOLD BONDS Interest Payable: Mar. and Sept. 1, eral income tax and upon application by trustee. will reimburse holder for state tax not Trustee: Pacific National Bank, Se- exceeding 4 mills. attie, Wash. Security: First closed mortgage on Denominations: $1,000, $500. 111 assets. Callable: As whole or in part on any Warrants: Each bond carries warinterest date, on 30 days’ notice at 105, ‘ant entitling holder to purchase prior after 5 years, at 103 within 10 years 0 Sept. 1, 1934, one share Common and at 101 after 10 years. stock for each $500 bond. at 310.00 per Sinking Fund: Beginning July, 1934, share. company agrees to create annual sink- Legal Opinion by: Kerr, McCord & ing fund sufficient to retire 709% of is- Ivey, Seattle, Wash. sue at maturity. No dividends to be Offered by: Wm. P. Harper & Sons, paid on stock until sinking fund re- Seattle, Wash., Sept., 1929, at par with serve is set up. 1 share Common stock as honus with Tax Status: Company pavs 29 Fed- rach £500 bond y -, 1930 ve iuthorized $200,000 $ 75.000 2. 7% SINKING FUND GOLD DEBENTURES Interest Payable: Apr. and Oct. 1, at fore any dividends paid on Common or Pacific National Bank, Seattle, Wash. Preferred stock, company agrees to set Denominations: $1,000 and $500. up sinking fund on or before Sept. 31 wi oat rion Sine TUES, AE 168 of each year as follows: First year within 6 years; 101 within 10 years. *1 200, 2nd Se yee) or yearn $7.8001 Sinking Fund: After requirements 2,” ar, S0U; Nex years. $6. on First Mortgage Bonds have been ach. met and operating expenses paid. be- Security: Junior to first morteage. 84 THOMSON'S MANUAL BRITISH COLUMBIA POWER CORPORATION, Limited GENERAL OFFICE: Vancouver, B. C. HISTORY: Incorporated under laws of Canada, 1928, as a holding company to acquire outstanding Preferred ordinary stock and deferred ordinary stock and shares of British Columbia Electric Railway Co., Ltd., and its subsidiaries. PROPERTIES: Owns and controls the following companies: British Columbia Electric Railway Company, Ltd. British Columbia Electric Power & Gas Company, Ltd. Vancouver Power Company, Ltd. Western Power Company of Canada, Ltd. Bridge River Power Company, Ltd. Burrard Power Company, Ltd. Vancouver Island Power Company, Ltd. National Utilities Corporation, Ltd. Vancouver, Fraser Valley & Southern Railway Company. Columbia Estate Company, Ltd. British Columbia Rapid Transit Company, Ltd. Victoria Electric Company, Ltd. Victoria Gas Company, Ltd. OFFICERS: W. G. Murrin, Pres.; A. T. Goward, E. H. Adams, J. I. Newell, Vice >racidents: E. Rogers, Secy.; E. H. Adams, Treas. DIRECTORS: George Kidd, Chairman; W. G. Murrin, W. J. Blake Wilson, Sir Herbert Holt, P. A. Thomson, 8S. Godin, Jr.; C. E. Calder, Andrew P. Holt, A. T. Goward, Hon. Sir F. 8S. Barnard, K. C. M. G,, A. J. Nesbitt, J. B. Woodyatt. J. H. Fundy, Rt. Hon. Viscount Rothermere, John Davidson. GENERAL AUDITORS: Price, Waterhouse & Co.’ Fiscal Year Ends: June 30. Annual Meeting: 2nd Mon. in Sept. Number of Employes: 4,099. CAPITALIZATION: Par Value Authorized Class A StOCKeeeeimeceeceeeemeeeeeenememee- NO PAT 1,500,000 shs Class B StoCK. mm eeeeeemeeeeeiemeeemnee NO Par 1.500,000 shs Outstanding 1,000,000 shs 1.000.000 shs 1. CLASS A STOCK Provisions: Has preference as to Dividends: Initial dividend, 50c paid ron-cumulative dividends up to $2 per Oct. 15, 1928, and quarterly since. share, after which participates equally Transfer Agent: Montreal Trust Co. with Class B but in not in excess of Registrar: Royal Trust Co. total of $5 per share. After Class A Public Offering by: Nesbitt Thomreceives $5, Class B entitled to all fur- gon & Co. Ltd., and Wood, Gundy & cher dividends. Shares equally with Co., May, 1928, at $60 per share. Mass B in liguidation up to $100, after Listed on: Montreal and Toronto wxhich further assets go to Class B. Stock Exchanges. Callable: Redeemable at any time % ipon 60 days’ notice at $100 per share. De Ranges eee nm 1323 Voting Power: Has no voting power. Low ... eeraeaemeacamnennneee 36 481% 2. CLASS B STOCK Provisions: See Class A. Transfer Agent: Montreal Trust Co. Voting Trust: 510,000 shares Class Montreal. B stock deposited under voting trust, Registrar: Roval Trust Co., Monsxpiring June, 1933, but may be ex- treal. ‘ended to 1938. Listed on: Montreal and Toronto Voting Power: Exclusive voting Stock Exchanges. power. Price Range: 1929 1928 Dividends: None reported to Jan. 2, High .. ereeennen 40 431 1930. LOW ooceceeneceeeenccccmmcccneeee 18 21% COMPARATIVE INCOME STATEMENT. Year Ending June 30. 1929 ZTOSS REVENUE ootiteiieececeeeemnsanmeaannnasacanommnstemsmammnnsmmansamaneasnns eee eenmmeeennnny 14,681,263 Dperating Expense, Taxes and Depreciation... eememmamananes "0 NR4A RET .,396 «82.415 2,632,980 2 000.000 632,981 2.63 632 Net INCOME meee cceemcncacanan Ce emaas eemeemn iemmmemm mma emanann Dividends ON ClasSsS A STOCK iiieecoceaccmcaiccecamremnmeansnaseasannmmsssssnmmnnnnasa SUTPIUS FOT the Fea. i iieiiaccccaaeacccammmmmmnmneaeresalaceasn nn en aes sume aes asa anes sms an ana nn mannan Earned, per share Class A StOCK ee eei ome amme nesses sansa nean cane Earned Der share C1ass B StoOCK. eee eeeeeansmeanmenamaaaaam es PUBLIC UTILITIES 185 CONSOLIDATED BALANCE SHEET, Ax of June 30. 1929 ASSETX-Cash oe eee Dominion Bonds and other securities.................. o.oo a. Accounts Receivable .......______. Ce eememmeemeeememeemseesseeseesssessessesssesassesnesenesene ae. Insurance and Prepaid TLem....ammiissesssmmssssesssssansssmsassssnssss sass sswaasns Employees’ Housing Loans, ete. iin. Stores and Supplies .... erveeanemneneenn——-Total Current Assets... Sinking Fund ................... Plants and Equipment. TOTAL ASSETS .... 2,131,627 3,701,976 '.536,199 118,368 555,873 2 562 009 ceveeevesneeneeeeenneaned 10,636,005 sense 290,391 ceeeeneaneene 120,445,467 12 LIABILITIES— Accounts Payable and Reserve for Taxes............... Bond Interest Accrued......... Dividends Declared .. 2.975,294 501,691 749.600 Total Current Liabilities........... Bonded Debt .... cove me mmm m mmeen a . . ne Depreciation and Renewals Reserve. eerie eeneanns, . General and ACcCiAent Beemer vl... sasiss ssi sss ssa yrs sis seas sn a Capital Stock and Surpluses.. eens 4,826,009 R 804,749 2,142,074 ®,194,524 ,800,450 36.203.529 TOTAI. LIABILITIES ..... 121 271.912 FUNDED DEBT First and Refunding Mortgag. Collateral Trust Bonds. Series A ..... Rate Dated Due Authorized Outstanding rece 3-1-30 3-1-60 $10.000.000 $10,000,000 Interest Payable: Mar. and Sept. 1, at Royal Bank of Canada, or U. S. Agency in New York, or Royal Bank of Canada, London. Further Issues: No limitation imposed on total aggregate amount, subject to restrictions of trust deed. Trustee: Montreal Trust Co. Registerable: As to principal and coupons in 1,000 and 10.000 denominations. Denominations: $500, $1,000, $10.000. Callable: As whole or in part on any interest date on 60 days’ notice at 105 before Mar. 1. 1935. and thereafter at 3, % less for each 5 subsequent years. Sinking Fund: Annual cumulative und commences March 1, 1935, sufficient to retire by maturity one-third of honds of Series A. Security: Are direct obligations of British Columbia Power Corp. Ltd. Legal Opinion by: Robertson, Douglas & Symes, Vancouver, for company; Brown, Montgomery & McMichael & E. R. Parkins, K. C., Montreal, for bankor. Offered by: Wood, Gundy & Co, .td.; Nesbitt, Thomson & Co. Ltd. & Andrew Holt & Co... March 1936 at 98. BRITISH COLUMBIA TELEPHONE COMPANY GENERAL OFFICE: Vancouver, B.C. CONTROL: By National Telephone & Telegraph Corp. HISTORY: Incorporated under laws of Canada, in 1916, as the Western Canada Telephone Co. Name changed Feb. 8 1923. Formerly leased and operated the British Columbia Telephone Co., Ltd., which was incorporated in 18491 as the Vernon & Nelson Telephone Co. and changed its name in 1903. The Provincial Co. ,and the Delta Telephone Co. were acquired in 1923. BUSINESS: Company operates extensive telephone system in Southern British Columbia, including the cities of Vancouver and Victoria. Vancouver Island connected with mainland by submarine cable. FRANCHISE: The company has the right to operate in perpetuity telephone service in British Columbia. OFFICERS: G. H. Halse, Chr. of Bd.; Gordon Farrell, Pres. and Treas.: H .L. Harris, Vice-Pres.; J. G. Crane, Vice-Pred.; James Hamilton. Vice-Pres. & Gen. Mgr.; IL. G. McPhillips, K. C., Sec. DIRECTORS: G. H. Halse, G. Farrell, J. W. Perry, Hon. G. H. Barnard, lL. G. McPhillips, K. C., J. G. Crane, H. L.. Harris, E. C. Blomever, A. E. Tregent. Fiscal Year Ends: Mar. 31. Annual Meeting: 3rd Thurs. in June CAPITALIZATION, As of Dec. 31, 1929 Authorized $1,000,000 $4,500,000 24 500.000 RE pe THOMSON'S MANUAL 1. 6% CUMULATIVE PRIOR PREFERRED STOCK Provisions: Has preference 25 Lo as- Dividends: Dividends paid regularly. sets and 6% cumulative dividends. Callable: At 110 at anv time on three quarierly, Jan, 1, ete. months’ notice Transfer Agent: Company's office. 2. 6% CUMULATIVE PREFERRED STOCK Provisions: Preference as. to assets whole or part on 3 months’ notice at and 6% cumulative dividends over or- 105 and accrued dividends. dinary shares and ranks second to Dividends: Dividends paid regularly, prior preferred shares. quarterly, Feb. 1, etc. Callable: On. any dividend date in Transfer Agent: Company's office. 3. COMMON STOCK Voting Power: Common stock has Dividends: Paid regularly 89 per ansole voting power. num, quarterly, Jan., Apr., July, Oct. 1. COMPARATIVE EARNINGS, Years Ending March 31 1929 1928 v ,768,312 $4,317,212 3.705,527 3.382 231 v62,0¢" 92° 581 of Dee. i. 1926 1927 $3,996,391 3,192,363 $ 804,028 Gross Income ........_._........ Oper. exp., depr. and Taxes. _. Net Income .......... BALANCE ST "I2ET. ASSETS— Plant and Equipment... . emeeeneens Construction Work in Progress... SR Investment Securities _.... ————————————————————————————————n— Sanna. AON souimmarirmranegr eps He eeeamaeeeemmmesememaceeians ee imeemcmamacaemaeees Accounts Receivable Materials and Supplies... remeemeammmaeeans Prepayments oceans Unamortized Debt Discount... TOTAL ASSETS ....... .$20.845,121 514,135 100,831 862,794 400,865 860,288 15,819 407.653 enna 324.007,505 LIABILITIES— Common BOOK .uonemmmmmmmsssessssses = eemaeieannnan meen aennd 6% Prior Preferred Stoclk............_. meteeasmmeemmemsmseessemeeceenamnen 6% Preferred Stock ....... pen man RR SA Debenture Stock ...... eee eee ameeomemmmemeemosammseemenneseaseeenesasenn ACCONDLES PAVADLE ...c..conermrmmnmmnssmmrsmmnminiiis iii isis SE ES SHS TERE ews: tamuesinns Taxes, Interest and Dividends ACCrUe@Q........oceoeiiceiicecceemceen + + = = eeanes Customers’ Deposits .......cccoooooo. enemas mmmmnimaan EINDIOTEEE BOVITIES .ovemmrvemurnr roms ibisissimmss ses is ss ES A SREP Sb RA SH 0 3 at mies Depreciation Reserve _._. seen enema em so Sa mn AE SE A SA AR RT Other Reserves ._.. eee ee te eam nm ema amannn Surplus 4,500,000 1,000,000 £,500,000 1,441,476 587,362 285,496 23,225 111,464 6,651,076 1,510,000 TOTAL LIARILITIES oeeooeceeeeee ee eemeenamnnsnnnnnnes $24.007.505 FUNDED DEBT, As of Dec. 31, 1929 [first Mortgage Debenture Rate Dated Due Authorized Outstanding Stoek ...ooi eed Vo 5-1-12 5-1-682 $25.000.000 $4,441,476 Interest Payable: Semi-annually May may be purchased in market for less and Nov. 1, at the office of trustee. than 105 or fund may be invested by Trustee: Rov ’ trustee. vo. London. oval Exchange Assurance Security: Secured by a specific first Callable: At 105 7 mortgage on the company’s freehold allable: AL on any interest date |3pnds and buildings, and float charge on six months’ notice. on all other assets. Sinking Fund: Started in 1915, an- Other Details: These bonds were nual payments are made sufficient to. originally issued B. C. Telephone Co, redeem the bonds at maturity. Bonds [.td., and assumed bv present company. BOISE GAS. LIGHT & COKE COMPANY GENERAL OFFICE: Boise, Idaho. HISTORY: Incorporated under laws of Idaho, Dec. 10, 1903. Operates under a ‘ranchise which expires June 12, 1953. . BUSINESS: Supplies gas for lighting and heating purposes to Boise, Idaho. which has a population of about 25,000. DFFICERS: Charles Theis, Pres. and Treas., Spokane, Wash.; W. C. Sharp, Vice Pres., Chicago, Ill.; R. H. Johnson, Secv., Baise. Idaho: R. C. Theis. Asst. Secy. and Treas and Mer. Boise. Tdaho. PUBLIC UTIL'™ DIRECTORS: Charles Theis, Spokane, Wash.; E. A. Angley, Salt Lake City, Utah; R. H. Johnson, Boise, Idaho; W. C. Sharp, Chicago, 111.; W. H. Davis, St. Louis, Mo. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Mon. in Feb. NOTE: Company is operated by its preferred stockholders. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized $100 $200,000 $100 $600,000 i. 6% CUMULATIVE PREFERRED STOCK Provisions: Has preference as to as- Common stock, one vote per share sets and 6% cumulative dividends. Pro- ggch. visions for retirement of this issue are 1d Bid : . -xplained under bonded debt. Dividends: 3% paid in 1928; 112% in Voting Power: Shares equally with 1929. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 929 Tn 1928 $78,952 54,687 Earnings oocccccoiomiiiimacaes : Operating Expenses, Taxes, Depreciation, ete. ....ooieniiiee > 83 Net Earnings Total Income ._. Interest, ete. . “4,465 7.496 16.462 Net Income ..... Preferred Dividends 41 5,000 Preferred Shares Outstanding... cecicmcccrcirmsetsrrreresrensnes ons Times Preferred Dividend Earned.......ooooieeiciii. occcimcrctoccannenene Common Shares Outstanding...... . renee Earnings per Common Share 0 -.08 6,000 £1.30 2,v04 2.000 1.10 6,000 $0.84 COMPARATIVE BALANCE SHEET, Ax of Dec. 31 1929 153,078 24,945 1,094 3,001 C168 76 ASSETS Cost of Property.......... eemmremeeeemaemneeanaanannt Materials and Supplie- eeereeeereeeeeeecseesesnaseenns iaen CA Sl aoe ieee eee eee eee meee eee nen eman mmemremeeeeseneeseenamn em enememmeeen nan Notes and Accounts Receivable.....oiiiiiiiiniaaes Other Current Assets... RT RR EA STE RAE Deferred Debits ... 1928 151,731 22,684 #27 fr & TOTAL ........... LIABILITIES Common Stock .... FT Preferred Stock ....... ee eememoaemmememeeseeeseemseeneeneoneeneeceenen POhARA DEDY vnvmrmmmmmsron sommes ne LE RR ER RRs : Notes and Accounts Pavable. ...oiiiieicnaanns Interest Accrued ... emeemememeeeensemeeemnenns Dividends Declared ...... Ep, Other Current Liabilities....... eeeeeemenne——n———-Reserve for Depreciation... ........oooooiiiioiiiaiaaeaananes Other Reserve ...... eee eee eam meneame anne ann Profit and Loss... 29 £00,000 200,000 202,500 "1,394 2 521 £00,000 200,000 206,500 8,995 1,941 2,000 N95 40 ng2 5.476 231.194.129 5,000 310,688 £,054 7.303 TOTAL, oe 21.201.460 FUNDED DERBT, Ax of Dec. 31, 1929 First Mortgage Sinking Rate Dated Due Authorized Fund Gold Bonds.........................5% 1911 1941 $1.500,000 interest Payable: May 1 and Nov. 1, at Continental Illinois Bank and Trust Co., Chicago, and First National Bank, New York. Trustee: Continental Illinois Bank & Trust Co., Chicago. Registerable: As to principal (counon bonds). Denominations: $500 and $1,000. Callable: On any interest date at L03 and accrued interest. Sinking Fund: Annual payment of 1% % of amount outstanding to be retired by purchase in the market or called. Tax Status: Company pavs normal neome tax up to 29 Outstanding $302,500 Security: First mortgage on all property of company. Unissued Bonds: In amount of $200,-100 reserved to retire like amount of referred stock, whenever net earnngs, for any three consecutive months, thall equal 7-16ths of annual interest bn outstanding and reserved bonds; nalance issuable only for 839% of cost f additions to capital property, pro-‘ided net earnings for 12 consecutive nonths within 14 months immediately sreceding shall not be less than 13; .imes interest charges on all bonds outstanding and those proposed to be is-Med 88 THOMSON'S MANUAL BUTTE WATER COMPANY GENERAL OFFICE: Butte, Montana. HISTORY: Incorporated under laws of New Jersey, April 27, 1901, as a rerganization of the former Butte City Water Co. The Moulton Water Co. was absorbed in 1907. CHARACTER OF BUSINESS: Serves the city of Butte. Montana, and vicinity, serving a population of 65,000. PROPERTY: Miles of mains, 85; miles of distribution mains, 150. DFFICERS: A. H. Melin, Pres., New York; J. Dickson, Sec. & Treas., New York: Zugene Carroll, Vice Pres. & Gen. Mgr.,, Butte, Mont. DIRECTORS: A, H. Melin, New York; John D. Ryan, New York; B. B. Thayer, New York; C. F. Kelley, New York; Eugene Carroll, Butte, Montana. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Wed. in April. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding Capital Stock ..._....... ... $25 $5,000,000 $3,000,000 Capital stock authorized increased 1925 to 1928 inclusive, and $2.00 in 1929, from $1,000,000 to $5,000,000, Dec. 15, Transfer Agent: Company's office. 1913. Registrar: Old Colony Trust Co.. Dividends: Paid $1.50 a share from Boston. INCOME STATEMENT. Years Ending Dec. 31 ©29 1928 7 577,069 *,072 “oF 1Q Gross Earnings ....... J Jper. Exp. ...... ST J TAXCE iii ibis RR Rn SEAS THE bmw HEAR AAS RR isn HAE Depreciation and Interest................. Net Earnings 4 Other Income Total Income .. CER RE Dividends ... ermmeneananan Shares OQutstand. (par $25) erences darned per share. ee Deficit. & v6 «40,v00 -1,894 120,000 ®1 QF us ,902 3,000 21,902 20,000 ¢1 RY COMPARATIVE BALANCE SHEET, As of Dee. 31 1929 1928 $4.305,824 $4,316,675 ‘1,414 36,849 199 6,160 167 39,277 TT? 186.728 5 51 2.9 . 24 <00 4,900,000 “50 1,950 $6.592.814 ASSETS— Plant and Equipment __. [RR [Investments ......._.___. » SERA CAS oti eaters Materials and Supplies......cceereiceenerinnens Bills and Accts. Receivable... o.oo... Special Deposits eee eeea Other Current AssetS.c..cc.. © riccmcenees Unissued Stock ....... Treasury Stock ...... TOTAL, ASSETS .... LIABILITIES— Capital Stock ieee Bills and Accts. Payable. __. Consumers’ Deposits __. eenee eeae Accr. Taxes ........... eenan a aan LE A — TOTAL LIABILITIES oe 35.67 °°0 “ft 900 98 "2 03 41 6.592.814 2a 814 E47 1927 $560,372 171,261 45,534 102.512 240.065 10,281 251,397 180,000 71,397 120,000 29 9 1927 $4,387,067 31,176 4,287 44,682 51,303 927 1,375 2.000,000 4,950 26.525 766 $5,000,000 8,526 4,507 20,198 1,490,739 1,739 6 R95 766 BOISE WATER CORPORATION GENERAL OFFICE: Boise, Idaho. CONTROL: By General Water Works & Electric Corporation. HISTORY: Incorporated under laws of Idaho, April 2, 1928, as successor to Boise Water Co., Inc.,, which succeeded the Boise Artesian Water Co. in 1915, BUSINESS: Serves the city of Boise, Idaho, with water and through a subsidiary, the Natatorium Company, furnishes hot water for heating and other uses. A natatorium building, containing a swimming pool and hot baths, is also owned and operated in conjunction with the hot water system. Serves a population of 30,000; cold water customers, 5,604; hot water customers, 484. OFFICERS: L. A. Phillips, Pres.; E. E. Smith, Vice Pres.; R. Van Horn. Secy.: rn. W. Cain. Treas.: B. M. Hebard. Asst. Secyv. and Asst. Treas PUBLIC UTILITIES oS DIRECTORS: R. E. Shotts, L.. A. Phillips, E. E. Smith. Fixenl Year Ends: Dec. 31. Annual Meeting: 3rd Tues. in March. YUNDED DEBT: Retired at $103, Oct., 1928. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding Capital Stock ... eeemeeee $100 $500,000 $500,000 Ownership: Gen. Water Works and Dividendx: Paid quarterly at rate of Elec. Corp. owns all except directors’ 6% Jan. 1, etc. yqualifving shares. CANADIAN-AMERICAN PUBLIC SERVICE CORPORATION GENERAL OFFICE: Vernon, B.C. HISTORY: Incorporated under laws of Delaware. BUSINESS: Has broad powers permitting it to acquire, directly or through subsidiary companies, telephone, electric light and power, gas, water-works and other public utility properties. Company controls, through stock ownership, a system of telephone properties serving a total population in excess of 30,000 in the Province of British Columbia, Canada. The system operates 9 exchanges with 4,931 telephone stations or connections. The communities served through subsidiaries include Revelstoke (served by Solar Telephone Limited), and Enderby, Armstrong, Vernon, Kelowna, Peachland, Summerland, Salmon Arm and Penticton (served by Okanogan Telephone Company), British Columbia. PROPERTY: Company owns 919% of Okanagan Telephone Company and all but directors’ qualifying shares of the Solar Telephones, Limited. CAPITALIZATION, As of Dec. 31, 1929 ‘ar Value Authorized Outstanding J Par 250,000 Shs. 14,000 Shs. ~o Par 100.000 Shs. 100,000 Shs. i. PARTICIPATING CLASS A, $1.75 OPTIONAL DIVIDEND SERIES. Provisions: Has preference over class solidated net earnings of the Company II as to assets in case of liquidation, and its subsidiaries, after maintenance when it is entitled to $30 a share; has and interest charges but before deprepreference as to cumulative dividends, ciation and profit taxes, for a period and is entitled to participating non- of twelve months out of the fifteen preferencial dividends as follows: >receding months, shall have been at After provision in any year for pref- east twice the annual dividend reerential dividends on Class A Stock and juirements on all shares of Class A for dividends equal thereto on the Class stock to be outstanding after such pro-II Stock, the Class A Stock of this r0osed issue, or the bankers shall give series (together with the Class A Stock heir written consent to such issue. of any other series entitled to partici- Voting Power: Has no voting rights, pate therein) and the Class B Stock xcept upon default in the payment of are entitled to share equally in all :umulative preferential dividends for further dividends declared during such tiny twelve months’ period, in which year. ase and until such default shall be Callable: At option of company on ‘ured, Class A Stock shall have the any dividend date in whole or in part right as a class to elect a majoritv of by lot upon 30 days’ notice. at 35 and roard of directors. accrued dividends. Dividends: Dividends payable quar-Additional Issue: Class A Stock in erly Feb. 15, etc.. at the annual rate addition to the initial 14,000 shares may of one-tenth of a share of Class A stock he issued in one or more series, with >f this series per share or at the option variations as to dividend rates (payable 7f the holder in cash at the annual rate in cash and/or stock), redemption pro- >f $1.75 per share .accruing from Aug. visions (if any), conversion or optional ‘5, 1929. provisions (if any), participating rights Transfer Agent: Chase Nat. Bank, N. Lf anv), amounts payable Jpeg Liga 7, and Baltimore Trust Co. Baltimore. ation, provisions as to dividends being . Hyd ‘ - cumulative or non-cumulative, and in ooReRiaears oaomionl Noy, Bank, N.Y. certain other respects. After the issue * ent ’ of 14,000 shares of Class A Stock, no Legal Opinion by: Messrs. Cotton & additional Class A Stock shall be issued Franklin, New York, and Messrs. Law-(other than additional Class A Stock on & Clark, Vancouver, B.C. issued as stock dividends upon any Public Offering by: R. P. Clark & series of Class A Stock) unless the con- Co.. Vancouver, Sept., 1929, at $25. COMPARATIVE INCOVE STATEMENT, Years Ending June 30 1928 3 2167,65¢ 147 R17 Gross Revenues _...........oo.....o......... Operating Expenses and Taxes .. Balance oo... eee, nterest Notes and Minority Interests... LL Net Income for Dep.. Income Taxes and Dividends 315 n "we be 54 RRS THOMSON'S MANUAL o aN CALIFORNIA-OREGON POWER COMPANY GENERAL OFFICE: Medford, Ore. BRANCH OFFICES: Klamdth Falls, Ore, and Roseburg, Ore. CONTROL: By Standard Gas & Electric Co., Chicago, Ill. HISTORY: Incorporated under laws of California, Oct. 16, 1920. Reorganization of the California-Oregon Power Co., Inc. in Dec. 1911, which was a consolidation of the Rogue River Electric Co. Klamath Power Co., Prospect Construction Co. and Siskiyou Electric Power & Light Co., and power plant of Trinity Fold Mining & Reduction Co. 1923, purchased Douglas County Light & Water Co.; Keno Power Co. merged in 1927, BUSINESS: Supplies electric power and light to 55 communities in Southern Oregon and Northern California. PROPERTY: Includes 1,792 miles of electric transmission and distribution pole lines, hydro-electric plants. DFFICERS: John J. O'Brien, Pres.; C. M. Brewer, Vice Pres. and Gen. Mgr.; Samuel Kahn, Vice Pres.; R. G. Hunt, Vice Pres.; E. J. McKay, Vice Pres.; M. D. Field, Secy.-Treas.; J. C. Boyle, Asst. Secy.; E. L. Lenox, Asst. Secy.; G. B. Willcutt, Asst. Secy. & Asst. Treas.; W. G. Pohl. Asst. Secy. & Asst. Treas.; C. H. D’'Reilly, Asst. Secy. & Asst. Treas. DIRECTORS: C. M. Brewer, Halford Erickson, Robert J. Graf, G. B. Willcutt, J. D. Grant, Burt Hamerstrom, Samuel Kahn, John D. McKee, John J. O'Brien, Herman Phleger, J. M. Yount. Fiscal Year Ends: Dec. 31. Annual Meeting: 4th Tues. in Feb. Number of Preferred Stockholders: 5,800. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized $100 t4,420,000 $100 21,000,000 $100 $9,680,000 $100 $15,000,000 i. 7% CUMULATIVE PREFERRED STOCK Provisions: Has equal preference Registrar: American Trust Co., San with 6% Preferred (No. 2) and 6% Pre- Francisco. ferred series of 1927 (No. 3) as to as- Price Range: sets and dividends. 1929 1928 1927 1926 1925 1924 Faliabie; mot nb mm High Dividends: eginnin ct., , reg- TS ular dividends paid I ely Jan. 15 115% 116 110% 105% 105% 98 to stock of record Dec. 31, etc. Low— : Transfer Agent: Offices of company. 104 1081, 1021; 110 96% 9415 2. 6% CUMULATIVE PREFERRED STOCK Provisions: Has equal preference per annum paid quarterly, Jan. April, with 7% Preferred and 6% Preferred, July, Oct. 15. series of 1927, as to assets and divi- Ex-dividend Date: Last day of predends. , ceding moni. ww ON ‘ ‘ . Transfer Agent: ices of company. Callable:s Not callable. Registrar: American Trust Co. San Dividends: Beginning July, 1926, 6% Francisco. 3. 6% CUMULATIVE PREFERRED STOCK, Series 1927 Provisions: Equal preference as (1) ular dividends paid quarterly, Jan. 15, and (2) to assets and dividends. etc., to stock of record Dec. 31, etc. Callable: As a whole or in part on Transfer Agent: Offices of compédny. 50 days’ notice at 110. Registrar: American Trust Co. San Dividends: Beginning Jan., 1928, reg- Francisco. 4. COMMON STOCK Ownership: $3,000,000 owned by Registrar: American Trust Co., San Standard Gas & Electric Co. Francisco. Transfer Agent: Offices of company. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 9z9 28 ce 61 QF 4 rg 1927 $2,913,081 1.125,841 $1,787,240 £.201 1,793,441 668.073 125,368 154.726 770.641 Gross Earnings .oeiieeeecemccccemieeeniennan wae ¥ Operating Exp. Main. & Taxes............. "5 Net Earnings ... Other Income ...... coiiiene TOTAL INCOME .._.. nterest Charges ..... .. --$2,0° £ Ap 10E A \ '» Net Income _._......... Preferred Dividends Balance .ooooeeeeiioieeeeeaaeeeans ,685 DEPTECIALION as sscrvomsmmmmeminns —- ~0.000 Ral for Amort. Com. Div. & Surp........$ 564.685 “05. .v7 200,000 702 197 PUBLIC UTILITIES COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dee. 31 ASSETS— 1929 1028 Plant, Property, etc. .miieieeeaes 270 17 Discount and Expense... eeeememeean 700 ’ Investments .... Ep L531 Sinking Funds .. ER ,050 Prepaid Accounts oc. ccoeeeeeeennns 1,589 Insurance unexpired .. "£05 Preferred Accounts ... RR “¥ Cash copes - I. ) Cash for Bond Interest... Accounts and Notes Receivable....... Security Sales coo Materials and Supplies... 191 1927 $26,201,745 1,204,924 5,084 3.450 1,491 8,885 n,035 1,237 200 a3 > 9) TOTAL ASSETS LIABILITIES Capital Stock ... reeeanns Funded Debt ...caomsmsssasassmmsansesinmspens Standard Gas & Electric Co. oo... Accounts Payable lL Accrued for Interest... HR Accrued for Tax. _........... Accrued for Dividends... Customers’ Deposits ...._ Misc. Unadjusted Credit. Depreciation Reserve .......... Other Reserves ._.. surplus 3,923,600 1,209,400 62,616 157.337 302,503 284,694 97,435 66,547 £Q,9¢" NE 1 « 00 0566 1c 0,284 304,448 109,274 ~36,651 219 TOTAL LIABILITIER a TUNDED DEBT, As of Dec. 31, 192° Nated Nan suthorized $700,000 000,000 2,000,000 0,000,000 30.000 000 L. 2. 3. 4. 5 Rogue River 1s 1st & Ref. Mori 1st & Ref. Mo.. Gen. & Ref. Mor Fold Debentiirc s Jutstanding 437,500 03,900 468,000 3.000,000 4.000.000 J) 4 ROGUE RIVER ¥" —~m™T™ CQ, FIRST SINKING FUND 5% GOLD BONDS Interest Payable: .. Suar- ginning July, 1909, to purchase or call anty Trust Co., New Yorx. bonds at 105. Trustee: Guaranty Trust New Tax Status: Company does not pay Tork. income tax. Registerable: As to principal only. Security: First mortgage on prop-Denominations: Coupon $500 and erty of former Rogue River Electric $1,000. Co., including hydro-electric plant, Callable: At 105 on any interest date transmission lines and a distribution nn 6 weeks’ notice. system. . Sinking Fund: Not less than 37,000 Offered by: E. H. Rollins & Sons. per annum set aside from earnings be- New York. 2. FIRST & REFUNDING MORTGAGE 6% SINKING FUND BONDS, Series B Interest Payable: FF, & A. 1, at Har- Tax Status: Company pays normal ris Trust & Savings Bank, Chicago, and income tax up to 2%. National City Bank of New York, or at Security: First mortgage on proprrunstee’s office. erty of Rogue River Electric Co... same . ; as C. Pr asta: American Trust Co. San Offered by: American Trust Co. E. ’ H. Rollins & Sons, San Francisco; Na-Registerable: As to principal. tional City Co., Harris, Portes & Co., Denomin ons: New York, and Harris Trust & Savings and roo Coupon $100, 3500 Bank, Chicago. Date Offered: Jan, alle i 1922-Sept., 1923. Price: 931% and 991%. Callable: On any interest date on 60 . oe i 5 i) : : s Listed: On San Francisco and Los days’ notice at 107% to and including Angeles Exchanges Feb. 1, 1927, and thereafter at a pre- - A - . or : 3 e Range: mium equal to %9% for each unexpired 9 9 - a 0 Go: ca 1929 1928 1927 192¢ 16 vear or part thereof. High— Sinking Fund: 29 of all bonds out- 104 1061 107 1043 103% standing, including underlying issues Low— one-third for redemption of bonds 1011 10534 105 1035s 101 .3 3. FIRST & REFUNDING MORTGAGE 51% % SINKING FUND BONDS, Series C Interest Payable: F&A 1 at Harris Registerable: As to principal. Trust & Savings Bank, Chicago, and Denominations: Coupon $100, $500 National City Bank, N.Y. or at trus- and $1,000. tee’'s office, Callable: On any interest date on 60 Trustee: American Trust Co., San days’ notice at 100 plus 1-109 for each “ranciseco unexpired vear or nart thereof 192 THOMSON'S MANUAL Sinking Fund: 29% of all bonds out- Harris, Forbes & Co.,, New York; Harstanding, one-third to redeem bonds ris Trust & Savings Bank, Chicago, and and two-thirds for betterments and ad- Mercantile Securities Co. of California, jitions. San Francisco. Tax Status: Company pays normal % . os i . Income tax up to 2%. aisted: op Ban Francisco and Los . Security: Same mortgage as Series g . ges. B and equally secured. Price Range: 1929—High, 102; Low, Dffered by: E. H. Rollins & Sons, 101. t. GEN. & REFUNDING MORTGAGE 35% Interest Payable: F. & A. 1, at agency of company in New York and Chiago and also office of trustee. Trustee: American Trust Co. San Francisco. Registerable: As to principal and registered bonds. Denominations: Coupon $100, §500 and $1,000, and registered $5,000 and $10,000. Callable: On any interest date on 30 days’ notice on or before Feb. 1, 1931, at 105; thereafter on or before Feb. 1, 1934, at 104; thereafter on or before Feb. 1, 1937, at 103; thereafter on or pefore Feb. 1, 1940, at 102; thereafter on or before Feb. 1, 1943, at 101; thereafter on or before Feb. 1, 1945. at 100%; thereafter at 100 5. 351%% GOLD interest Payable: A. & O. 1, at agency of company in New York or Chicago or at office of trustee. Trustee: Harris Trust & Savings Bank, Chicago. Registerable: As to principal. Denominations: Coupon $100, $500 and $1,000. Callable: At any time on 30 days’ 10tice at 102% to Oct. 1, 1930, incl, at 159% less each three years or part thereof thereafter to Oct. 1, 1941, incl, and at par thereafter. Tax Status: Penn... Conn. and Calif. Sinking Fund: Beginning May 1, 1927, amount by which an amount equal to 12% 9% of gross earnings exceeds all charges for maintenance, repairs, renewals and replacements; not sondable expenditures made subsequent 0 Jan. 1, 1926, for which no bonds have or shall be issued; expenditures made for the purchase of bonds or of inderlying bonds. Cash may be withdrawn for: Maintenance, repairs, rerewals and replacements; bondable expenditures; the purchase of these or inderlying bonds. Tax Status: Penn. 4 mills tax and Mass. 6% income tax refunded. Company pays Fed. income tax up to 29%. Security: General mortgage on all property subject to other prior series. DEBENTURES not exceeding 4 mills and Md. not exceeding 41% mills taxes and Mass. not axceeding 69% income tax refunded. Company pays normal income tax up 0 2%. Security A direct obligation of the rompanyv but not secured by mortgage. Offered by: H. M. Byllesby & Co, nc.; BE. H. Rollins & Sons, Harris, Forbes & Co., National City Co. and Spencer, Trask & Co., New York, and American National Co., San Francisco. Nov. 1927. at 98145, COLUMBIA GORGE MOTOR COACH SYSTEM GENERAL OFFICE: 352 Yamhill St, Portland. Ore. CONTROLLED: By Motor Transit Corp. . HISTORY: Incorporated under laws of Oregon, April 15, 1926. BUSINESS: Owns and operates motor coach system 1,352 miles in length, extending over the Columbia River Highway from Portland, Ore., to Salt Lake City, Utah, and serving intervening and adjacent territory, including the cities of Bend and Pendleton, Ore., and Boise City and Pocatello, Idaho. Company has traffic axchange agreements with Greyhound, Yelloway and Pickwick lines. EQUIPMENT: Owns 50 modern motor coaches, largely of parlor and observation car type, each seating from 12 to 25 passengers. Owns or leases passenger facilities in principal cities it serves. Operates own garages and service stations along route. DFFICERS: C. F. Wren, Pres.; W. T. Crawford, 1st Vice Pres.; O. S. Caesar, 2nd Vice Pres.: C. A. Steen. Secv.-Treas.; J. L. S. Snead, Asst. Secy.; W. L. Fowler, Asst. Treas. DIRECTORS: W. T. Crawford, Thomas E. Davis, W. L. Fowler, J. L. 8. Snead, all of Portland, Ore.; C. F. Wren, Los Angeles; O. S. Caesar. C. A, Steen, both of Chicago; H. H. Morgan, Kansas City, Mo. CAPITALIZATION: Par Value Authorized Outstanding 1. 89% Cum. Pref. Stock.ooooooooe. ceeeeeee. $100 $250,000 $100,000 2. Common StocK eerie $250,000 $200,000 DIVIDENDS: In 1928 accrued dividends paid covering period from Nov. 1. 1926. to Nov. 1 1927. None since to Jan. 1. 1930. oUBLIC UTILITIES COMPARATIVE INCOME STATEMENT, Years Ending Dec. 371 (As filed with Department of Public Works, Olympia, Wash.) 1929 ereeeennnneeeeen- $035,710 L 715.1%81 Gross Revenue .__.. Operating Expense ...... eran Operating INCOME iii es renee DHLREE TNICOMIC eee eeeeeernernrmesrrsnssrssnsstnstonsins sus sbnavansavsnnnisevnnnnssesss © ta 1928 159,311 122,825 oh 5 3 Gross Income ...... eee emmenemmmeeceeaeereseneaennns Interest, Amortization, etC. ees Net Income ello. Misc. Addition to Surplus... Adjusted Income .................... EI TER TER Preferred Dividends Paid.................. BurpIus Lor LHe FOBT minim ers capers ss rors sa as SAE SASHES —Deficit COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 (As filed with Dept. of Public Works, Olympia, Wash.) ASSETS— 1929 21,971 10,300 30,076 14,115 2,620 3,961 3.341 269,801 3,244 7,098 27 Cash .ooooimeiio Notes Receivable .. eee e——————ans Accounts Receivab'2 REE TRE Materials and SUDDlIes oe ee emma eee Other Current Assets. eee mmm emememmemeeetmeneanencenaen el Reserve Funds .. o sermmnnnmemnns mma SAS SA Investments o.oo eee eeaeeeeeemmeeseaemsmmeameeneneeeneeamenereene Passenger Equipment . EE EE SR EE ER RP TE EET enti Shop Equipment .... eee emmn ee eaananns Furniture and Fixture . eens Land and Buil@in gs. oem Franchises and other intangibles.........ooooooiiiiiiieieenes Other Assets ... \ 5 ¢ 7 TOTAL ASSETS LIABILITIES-Notes Payable ............ ool ee. Accounts and Wages Payable. ........__.. Accrued TaxX Interest, UC. eee eee aaa ames Deferred Items ....... . eee nnn Depreciation ReSeI'VEe o.oo eee een eme ene ee Bad ACCOUNtS ReSeIVe. ieee ceeeeeceteececenessenr eae nnemsnnen Funded Debt ...... ........ een CAP Ital SOCK oie eee eee eee eee eee eee eee eee eee Reserve 29,798 16,359 2,955 2,636 8,147 “ang TOTAL LIABILITIES iia. *Deficit. NOTE: Income statements and balance sheets obtained from Department of lic Works. Olvmpia. Wash ~0d 38. H 1928 23,607 21,750 2,926 3.848 4,339 "17,389 2,725 5,795 1,127 57,996 10.977 108.6083 13,052 26,613 1.518 02 502 Ja 20 015 2 Pun-TTNDED DEBT, As of Dec. 31, 1929 Equipment Mortgas Rate Dated Due Authorized Outstanding Gold Notes ..... cereeeeen 6% 4-1-29 1929-32 $120,000 $100.000 Interest Payable: Apr. and Oct. 1, at trustee's office or Minnesota Loan & Trust Co., Minneapolis, Minn. Principal Payable: $20,000 payable each Oct. and Apr. 1 from Oct. 1, 1929, to April 1, 1932, inclusive. Trustee: Security Savings & Trust ™o., Portland, Ore. Registerable: As to principal only. Denominations: $1,000. Callable: As a whole or in part on 21 days’ notice at par plus accrued interest and premium at %9% for each 6 months or fraction between redemption date and maturity date. Rinking Fund: April of each vear. THOMSON'S MANUAL COLUMBIA RIVER LONGVIEW BRIDGE COMPANY GENERAL OFFICE: Longview, Wash, HISTORY: Incorporated under laws of Delaware, Oct. 19, 1928. BUSINESS: Company operates a toll bridge across the Columbia River, connecting Longview, Wash., and Rainier, Ore., pursuant to an Act of Congress, approved January 28, 1927. Bridge was opened to traffic March 27, 1930. FRANCHISE: Secretary of War, the Secretary of Commerce and the Secretary of Agriculture, acting jointly, approved the general plans and location of the bridge. The franchise gives states of Washington and Oregon the right at any time to acquire the property by purchase or by condemnation at a price determined in accordance with law, and after 20 years from date of completion to acquire the property by condemnation, at a price covering actual cost of constructing the bridge (less a reasonable deduction for actual depreciation), plus che actual cost of acquiring necessary interests in real property, actual financing and promotion costs (not to exceed 10% of the cost of construction and of the acquisition of interests in real property) and actual expenditures for necessary mprovements. DFFICERS: W. D. Comer, Pres.; Arnold E. Foster, Vice Pres. & Treas.; Wesley Vandercook, Secy.; Ernest P. Wilson, Asst. Secy.; R. O. Houghton, Asst. Treas. DIRECTORS: W. D. Comer, Arnold E. Foster, K. M. Gilham, H. E. Gray. R. O Houghton, James C. Read, Wesley Vandercook. GENERAL COUNSEL: Warren H. Lewis, Seattle. Fiseal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in Jan. CAPITALIZATION, As of March 29, 1930 Par Value Authorized Ceeeneeemnen $100 $200,000 £111) $1,000,000 ~~ No Par 9 999 ghs 94 Outstanding $200,000 $1,000,000 9.999 shs 1. 7% CUMULATIVE PRIOR PREFERRED STOCK Provisions: Preferred as to 7% cum- to $50,000 annually, and % of any earnnlative dividends over other classes of ings over $50,000 to be applied to restock and to $100 per share in event of tirement of Prior Preferred, and after liquidation. Prior Preferred has been retired. to Callable: On 30 days’ notice at 100. apply to Preferred. sinking Fund: All net earnings up tI. 79% Cum. Prior Pref. Siock.. 2. 7% Cum. Pref. Stock... 3. Common Stock 2. 7% CUMULATIVE PREFERRED STOCK Provisions: Subject to Prior Pre- liquidation. } ‘erred, has preference as to 7% cumu- Callable on 30 days’ notice at 100. ative dividends .and $100 in event of Sinking Fund: See Prior Preferred. FUNDED DEBT, As of March 29, 1930 l. First Sinking Fund Rate Dated Due Authorized Outstanding Gold BONAS wocoeaeeeeencrmrereneee 06% 10-1-28 10-1-53 $3,000,000 $3,000,000 9 15-Yr. S. F. Debentures.......... 7% 10-1-28 10-1-43 $1.600.000 $1,600.000 1. FIRST MORTGAGE 614% Interest Payable: April 1 and Oct. 1 at office of J. & W. Seligman & Co., New York, or Bank of Italy, San Francisco. Trustee: Guaranty Trust Co. of New York. Registerable: As to orincinal (coupon bonds). Denominations: $1,000 and $500. Callable: As a whole or in part by iot, on any interest date on 30 days’ notice, to and including Oct. 1, 1938, at 105 and interest; thereafter to and including Oct. 1, 1948, at 103 and interast; thereafter prior to maturity at 101 and interest. Sinking Fund: A Sinking Fund will be provided. beginning April 1. 1933, in 2. 15-YEAR SINKING FUND 7% PARTICIPATING GOLD DEBENTURES interest Payable: April 1 and Oct. 1, notice, to and including Oct. 1, 1933, at at office of J. & W. Seligman & Co., 110 and interest; thereafter to and in-New York. cluding Oct. 1, 1938, at 107 and inter-Trustee: Guaranty Trust Co. of New sst; thereafter prior to maturitv at 104 York. and interest. . Registerable: As to principal (cou- Participation: Debentures entitled pon debentures). to receive on each semi-annual interest Denominations: $1,000 and $500. payment date, beginning Oct. 1, 1931, Callable: As a whole or in part by additional interest up to 1% % for the lot. on anv interest date on 30 davs’ six months ended on the previous June SINKING FUND GOLD BONDS semi-annual installments, calculated to retire the entire issue at or before maturity. Tax Status: Company pays normal Federal income tax up to 2% and re-‘und personal property tax of any state ‘n the Union. Security: First mortgage on all real property now owned or hereafter acguired. Legal Opinion by: Cravath, de Gersjorff, Swaine & Wood for the underwriters; Warren H. Lewis for the company. Offered by: J. & W. Seligman & Co. New York. Oct.. 1928. at 9915, JLIC UTILIT. if a 95 six months (after certain deductons as 30 or December 31, to the extent that earnings available for dividends on the Common stock of the company for such provided in the Indenture) shall be sufficient. Such participating interest will not be cumulative, but, to the extent earned, payment will be mandatory. sinking Fund: A Sinking Fund will be provided, beginning April 1, 1933, in semi-annual installments, calculated to retire the entire issue at or before maturity. Tax Status: Company pays normal Federal income tax up to 2% and refunds personal property tax of any state in the Union. Security: Direct obligation of the company subject to £3.000,000 first mortgage. So long as any of the Desentures are outstanding, the company will not issue any bonds or obligations (other than said first mortgage bonds »r bonds or obligations, not exceeding 33,000,000, principal amount, issued to refund said first mortgage bonds) seured by mortgage or other lien upon ‘he franchise for the construction and yperation of the bridge or upon any eal property or interest therein, uness the debentures are secured by a rior lien on all property of the bridge ompany securing such bonds or oblizations. Legal Opinion by: Cravath deGersjorff, Swaine & Wood, New York; Warren H. Lewis, Seattle. Offered by: J. & W. Seligman, New York, Oct., 1928 EAST KOOTENAY POWER COMPANY, Ltd. GENERAL OFFICE: Fernie, B.C. EXECUTIVE OFFICE: 355 St. James St. West, Montreal, Que CONTROL: By Power Corporation of Canada. HISTORY: Incorporated under laws of Dom. of Canada, March, 1922, for the purpose of acquiring the assets of British Columbia & Alberta Power Co, Ltd. BUSINESS: Developing and distributing hydroelectric energy throughout the southeastern section of British Columbia and the southwestern part of Alberta. PROPERTY: Company owns land and leases from the DB. C. Provincial Government water rights on the Bull River near the town of Dull River. Power is developed at this site with an installed capacity of 7200 h.p. Company also owns a power site on the Elk River near the town of Elko, B. C., developing 15,000 h.p. The initial development at Bull River was completed and placed in operation the latter part of April, 1922, and has seven substations located at the premises of some of the more important consumers in the district with whom the Company has signed contracts for power. A Steam Station at Sentinal, Alta., of 15,000 h.p. capacity, supplements the existing supply of hydroelectric power. Company has 225 miles of high tension lines in operation. OFFICERS: A. J. Nesbitt, Pres.: Jas. B. Woodyvatt, Vice-Pres.; A. B. Sanborn, Gen. Mgr.; L. C. Haskell, Secy.; Chas. Johnstone, Treas.; V. J. Nixon, Asst. Secy. DIRECTORS: A. J. Nesbitt, Jas. B. Woodyatt, E. R. Parkins, K.C, Gordon W. Scott, P. A. Thomson, L. C. Haskell, all of Montreal, Que. GENERAL AUDITORS: Price, Waterhouse & Co. Montreal. Fiscal Year Ends: March 31st. Annual Meeting: June. Number of Employees: 100. CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized 1. 79% Cumulative Prev. Sock ........... $100 50,000 Shs. 2. Common Stock . No Par 50.000 Shs. i. 7% CUMULATIVE PREFERRED STOCK. Provisions: Preferred as to assets on Mar., June, Sept. and Dec. 15th. and 7% cumulative dividends. Ex-Dividend Date: Feb. 28th, May Callable: At 105 plus accrued and 31st, Aug. 31st, Nov. 30th. unpaid dividends on thirty davs’ notice Transfer Agent: Montreal Trust Co. any dividend date. Montreal. Voting Power: Votes only when 4 Registrar: Eastern Trust Co., Monquarterly cumulative dividerids are in treal. default, and so long as the Company Public Offering by: Nesbitt, Thomis in default in the payment of any con & Co.. Ltd., July, 1924, at 97%. quarterly dividend on the Preferred a ’ : o ’ Shares. Number of Stockholders: 480. Dividends: 13:9 pavable quarterly listed on: Montreal Curb Market 2. COMMON STOCK. Voting Power: 1 vote for each share. Registrar: Eastern Trust Co, Mon-Dividends: None paid to date. treal Transfer Agent: Montreal Trust Co., ’ . Martraa Listed on: Montreal Stock Exchange. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 3: cq Gross Earnings o.oo Operating EXpenses ooo. 1928 38,842 10.497 f 775 - mn Net Earnings _._. PES a r THOMSON'S MANUAL COMPARATIVE STATEMENT, As of Mar. 31st ASSETS— 1929 PrOpDeriifs .oeersmmsvsmissmeemmmsemimminmmniisiniibiiminimmmiiaiemmiiasnsinssssmmnineis 59,032,172 Common Stock of Co. held in Trust for Employees........ 24,000 SUrréent ASSell corso eememmaannnn 70,869 Deferred Charges ..occccoeeeeeeen.o. SRR RIREE 7,468 TOTAL ASSETS $£5.134.516 LIABILITIES— Capital Stock—Pfd. Shares.......ocoiemmmiimiemnennnn. Capital Stock—Ordinary Shares... ._................ Funded Debt ........ eo eemamammaneaenmmmmann es eemm anne NOteS emma eeatemmeeeaee—mmanen———— mma current Liabilities .... enema emamneeaeanes Reserves ..... Surnlus .cceeoeeeees © ee eeemeeemeesmesmeeseocsececeeessssessesssesssemes TOTAL, LTARILITIES 1929 $1,000,000 150.000 » 215.500 £00,000 “21'240 "450 297296 S14 E18 1928 $4,577,078 24,000 67,170 34,519 $4,702,767 1928 $1,000,000 150,000 2,240,500 200,000 920,592 175,450 16,225 $4.702.767 FUNDED DEBT, As of Mar. 31, 1929 } Rate Dated Due Authorized Outstd. 1. 1st Mtge. Gold Series A......... 1% 1922 1942 $5,000,000 $1,915,500 2. 1st Mtge. Gold Series B..ccoceaeee. 1% 1924 1942 $5.000.000 $300,000 1. FIRST MORTGAGE 7% SINKING FUND GOLD BONDS, SERIES A Interest Payable: A&O 1, at Chase outstanding for purchase or call of National Bank, N.Y. or Royal Bank of bonds at not over sinking fund price. Mandada, Montreal. Tax Status: Company does not pay Trustee: Montreal Trust Co. normal income tax. . : i Security: By first mortgage on entire Registerable: As to principal. property. Denominations: Coupon $100. $500 Other Details: Bonus of 21 shares and $1,000. 20 par JIT. with each $1,000 bond v ; ine when offered. Callable: As a whole at 110 and jn Offered by: Nesbitt, Thomson & Co., terest or by lot for sinking fund at J 105 and accrued interest i Montreal, and Joseph E. Kimball & Co., : Boston, May, 1922, at 97% and bonus of Sinking Fund: Annually 1% of ag- 21, shares common with each $1,000 ocregate amount of bonds of this series bond. 2. FIRST MORTGAGE SINKING FUND GOLD BONDS, SERIES B. Interest Payable: A&O 1 at Royal Sinking Fund: Annually 19 of bonds Bank of Canada, Montreal, Toronto or outstanding. New York. Trustee: Montreal Trust Co. Mon. Tax Status: Company does not pay ‘real U. S. normal income tax. Registerable: As to principal Security: First mortgage same as ,, Denominations: Coupon $500 and series “A.” Yh, . Callable: As a whole on 90 days’ no- Offered by: Nesbitt, Thomson & Co. tice on anv interest date at 110. Montreal. July, 1925. EASTERN OREGON LIGHT & POWER COMPANY GENERAL OFFICE: Baker, Ore. CONTROL: By Columbia Construction Co., Baker, Ore. HISTORY: Incorporated under laws of Oregon, April 28, 1909, as a consolidation of Baker Light & Power Co., Fremont Power Co. and Grande Ronde Electric Co. BUSINESS: Owns all water power in the vicinity of Baker and LaGrande, Ore., also provides electric light and power to these towns and vicinity. Owns four aydro-electric waterpower plants with installed capacity of 2,580 k.w. and steam plant with 1,450 k.w. capacity; also owns 162 miles of 23.000-volt transmission line and 71 miles of 66,000-volt line, DFFICERS: J. P. Pulliam, Pres.; J. P. Lottridge, Vice Pres.; A. A. Smith, Secy.; J. H. Deinlin, Treas.; T. F. Kaap. Asst. Secy.; C. E. Kohlhepp, Asst. Treas.: R. W. Maxwell, Asst. Treas. DIRECTORS: J. P. Pulliam, J. P. Lottridge, A. A. Smith. D. W. French. J. P Schmitz, A. 8S. Shockley, J. H. Deinlin. GENERAL AUDITOR: R. W. Maxwell. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Tues. in June. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding ceeeeeeeee $100 $343,500 $343,500 eu. B10O $1.500.000 $1.500.000 PUBLIC UTILITIES I. 7% NON-CUMULATIVE PREFERRED STOCK Provisions: Has preference as to as- Dividends: 1928, 7%; 1929, 7%. sets and non-cumulative dividends of Transfer Agent: The Company 10% per annum. Number of Stockholders: 31. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1029 1928 Gross Revenues .... Operating Expenses and 1¢ will NE A 1927 430,020 230.647 Net Revenue ._... Bond Interest occ Miscellaneous Deductions ........ Bal. for Depreciation and Surplus COMPARATIVE BAIL.f7 i ff ASSETS— Property and Plant... Becurities .....occennin. Stock in Affiliated Companies... .. Cash coe. Notes and Accounts... Materials and Supplies.. ee meamaeeennaan.n Prepaid Account .._...._ eee emmemeemmeseemnmeeanenns Bond Interest Deposits... uuu ssmimssimnts sis sssss iss TUnamortized Debt Discount... .............. eens Open Accounts ... TOTAL ASSET” 2 Dec. 1929 332,784 1.605 1,468 604 3.490 15.538 38,909 79.686 2,911 ° 283 {48 10,411 34,568 $59,033 50.467 p-—ewwnw ow Ba 162. 2¢ pe4,648 LIABILITTF Common Stock Preferred Stock. Funded Debt ........._.. Accounts Payable .. Deposits ................ . ene eaee emma emeecaemenaen Accrued Taxes and Interest... Depreciation Reserve oan, Miscellaneous Reserve ...... ee een Bond CoUupPONS oon Open Accounts ................... een nemem meneame mnmeeeeneaaeanen Notes Payable ..... surplus $1.500.000 343.500 350,000 37.250 23,166 2,401 a) a 1,500,000 343,500 795,000 27,161 21,589 102,591 272,945 74,161 46,883 15,050 19.500 106,268 624.648 TOTAL, LIARIILITIES FUNDED DEBT, As of Dec. 31, 1929 . Ref. & 1st Col. Bonds Rate Dated Due Authorized Outstanding Series A 5% 9-1-26 9-1-5651 $1.425,000 $1,425,000 Ref. & 1st Col. Bonds Ser. B.51% 9, 1-1-28 1-1-5623 £1.000.000 425.000 3. I. REFUND. AND FIRST “2LTLATERAL MTGE. 514% GOLD BONDS, SERIES A Interest Payable: M. . _. ~t Bank- premiuny of %9% for each unexpired rs Trust Co., New York, or at office of year. ‘Trustee. Maintenance Fund: Of 89% of gross Trustee: First Wisconsin Trust Cu. earnings. Milwaukee. Tax Status: Company pavs normal Registerable: As to principal. Federal income tax up to 2% and re-Denominations: Coupons, $100, $500 funds 4-mill Penn. state tax. and $1,000. Security: By a mortgage on all com-Callable: As whole or in part by Pany’s property. lot on 60 days’ notice on or before Offered by: Edgar, Ricker & Co., Sept. 1. 1941, at 105. and thereafter at Milwaukee, Oct., 1926, at par. 2. REFUNDING & 1st COLLATERAL VITGE. 5%% GOLD BONDS, Series B Interest Payable: J. & J. 1, at Bank- and at %9% less each year or part ers Trust Co., New York, or at office thereof thereafter, on any interest 7 trustee. date. Trustee: First Wisconsin Trus! Tax Status: Company pays normal Milwaukee. Federal income tax up to 2% and re-Registerable: As to principal. funds Penn. 4-mill tax. Denominations: Coupons, $100, $500 Security: First mortgage on all of and $1,000. company’s property. Callable: As a whole or in part on Offered by: Edgar, Ricker & Co. 30 davs’ notice at 105 to Jan. 1, 1943. Milwaukee. Mar., 1928, at 9514. THOMSON'S MANUAL GRAYS HARBOR LIGHT & POWER COMPANY GENERAL OFFICE: Aberdeen, Wash. CONTROL: By Cities Service Power & Light Co. HISTORY: Incorporated under laws of Washington, Feb. 28. 1906, as successor to Grays Harbor Electric Co. PROPERTY, Ete.: Owns and operates electric railway between Aberdeen, Hoguiam and Cosmopolis, Wash. (9.3 miles, standard gauge, 65 to 80-1b. rails), 18 closed motor cars, 2 open trail cars, 1 express and 7 work cars. Also owns 3 power stations with a combined capacity of 22,5645 h.p. (power generated by turpines) and has contract for street lighting. SUBSIDIARIES: Twin City Transit Co. North River Transportation Co. FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding rrernrenennennn 1% 1912-29 4-1-47 $5,000,000 $3,700.000 COMPLT™ ATIVE BALANCE SHEET, As of Dec. 31 (As reported to Department of Public Works, Olympia, Wash.) ASSETS— 1929 Cash woe 12,703 Notes Receivable ooo etree eens 2,228 Accounts Receivable ...commrsmumssmsmirimmamsissesissn 299,405 IN VENLOT IOS coerce receevvreanaa sme nacesmrnemre smn messsn rs amnn smn nar nas 69,453 Hays & Hays Bank .......oooccoooiiiiiiiiiiiin oh civemeeeeeneeeees 4,997 ProDoll THOME cc ivmemomi mass im hss sesso ies cos cass amas wasas 4.420 Total Current Assets... —.¥ 393,206 Plants and Eguipmenti. casemmssensmssmmmmms issue sonnsnnons —. 404,484 investment in Affiliated Companies. ...coocooeeeeeceeceenncee. ee “09,700 Miscellaneous Investments ........ enn nam———————nmammenty nS 16,200 Discount on Funded Debt. eeieecieccnmeeeeevaeeeeeenee—eee 626,037 MiIiSCellaneouUs ASSES coroieimeeeiieceemeeemearcsomcocesonamsmeansaamnnaran 4,904 85 344.534 1928 49,095 2,260 160,086 62,459 5,621 7.396 © 286,917 1,185,484 209,700 6,202 135,604 6.772 $4.940.680 TOTAL, ASSETS ....... LIABILITIES— Notes Payable ...... Accounts Payable ...... Customers’ Deposits corinne ee Miscellaneous Liabilities oo eee eeeemaaae em mmbaeannn-39,314 68,400 31,481 7.660 $ 702,651 30,033 7.317 740,001 84,625 56,007 754,523 36,457 2,631 11,610 2,693,000 500,000 R1.828 Total Current Liabilities .. nes 16,855 Taxes Accrued ........ eee em emmeom anna - 12,075 Interest Accrued ............ eeeaneenetimmnnnetmnneannnn meen 74,096 Reserve for Bonds... tment me RES 18,138 [nsurance Reserve . ee emeemenmnen———n ema a 12,543 EXtensSions cccecceccavee aan eee meemamnoeemmaseesneneneenmnnmmmmenie a 2,986 MiSCellaANEOUS RESECTVES oi ciemreemmnceessasemonaoseeseaannnmmnmemnnnas ams .4,896 First Mortgage Bonds. .coreerceeemmemre eens mane £2,000 Capital Stock ... Ee .00,000 TOTAL LIARILITTES eee eee em enaennneeer- $5.84 4.534 —Deficit 24 940.680 GORST AIR TRANSPORT, Inc. GENERAL OFFICE: Pier 3, Seattle, Wash. BRANCH OFFICES: Bremerton, Wash. Juneau, Alaska. HISTORY: Incorporated under laws of Washington, Jan, 1928, as Seattle Flying Service, Inc. Present name adopted Jan. 1929. BUSINESS: Airplane transportation and sales. Operate air ferry service between Seattle and Bremerton, Wash. maintaining regular hourly schedule. Oparate special airplane trips to Alaska points. Distributors for Kevstone-T.oening amphibian planes in Pacific Northwest. EQUIPMENT: Two Keystone-Loening air vachts and one Boeing flying boat. Floating hangar and shop in Seattle. Landings in Seattle and Bremerton. SUBSIDIARIES: Gorst Air Transport, Limited, a Canadian corporation, organized in 1929 to operate in western Canada. OFFICERS: Vern C. Gorst Pres.; Ralph Siegner, Vice Pres.; Ronald C. Kinsey. Secy.-Treas.; Clayton L. Scott, Gen Mgr. DIRECTORS: Vern C. Gorst, Ralph Siegner. Howard V. Weaver. Ronald C. Kinsey, Clayton L. Scott. GENERAL AUDITORS: Arne Hanson & Co., Seattle. Fiscal Year Ends: Dec. 31. Annual Meeting: Indefinite. vyumber of Empnloves: 15 to 30. 1. 9. PUBLIC UTILITIES CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Cum. Pref. Stock.oooreoooeiiciceeeeeceeeneeeee...NO Par 4,000 shs Common Stock .......No Par 1,000 shs 99 Outstanding 728 shs 883 shs 1. CUMULATIVE PREFERRED STOCK Provisions: Cumulative to extent of $2.50 per share annually, and fully participates with Common stock in net earnings. After Common receives $2.50 annually further dividends divided equally between Preferred and Common. Callable: Non-callable. Voting Power: Non-voting. 2. COMMON STOCK : Provisions: After Profi receives Dividends: $2.50 paid Jan. 15, 1930. 2.50 annual cumulative dividend, Com- . , mon entitled to same amount, after Price Range: 1929—High, 100; Low, which both classes share equally. 60. Voting Power: Sole voting power. Number of Stockholders: 75. BALANCE SHEET, As of Dec. 31, 1929 Tax Status: Company pays Federal income tax up to 2%. Dividends: $2.50 per share paid annually, Jan. 15. Transfer Agent: The Company. Number of Stockholders: 75. Price Range: 1929—High, 100; Low, 60 ASSETS LIABILITIES Accts. Payable—Current .. Deposits on Planes Sold....... Capital Stock Outstanding. Surplus ... CASN coerce cece ennees Accounts Receivable ..._........... Due on Stock Subscriptions... Merchandise Inventory . 2,533 1,051 486 - 000 2,322 6,100 990 3,705 Total Current Assets. Airplanes, Hangars, etc. Holdings in other Corps. Unearned Ins. Premiums: Prepaid Advertising .. (Organization Expense .. 3 J TOTAIL, 1. 2 1'7T1 yn" °° TTN9 178 TOTAL ASSETS es IDAHO POWER COMPANY GENERAL OFFICE: Boise, Idaho. CONTROL BY: Electric Power & Light Corp., New York. HISTORY: Incorporated under laws of Maine, 1915. BUSINESS: Company owns and operates completely interconnected system of electric power and light properties serving a territory in southern Idaho extending from Blackfoot in eastern Idaho westward across the state into eastern Oregon. Also owns all capital stock except directors’ shares of Nevada Power Co, which supplies electric power and light in the mining district adjacent to Jarbidge, in northern Nevada. Company operates under jurisdiction of Public Utilities Commission of Idaho and Public Service Commission of Oregon. Company supplies electric power and light service in 82 communities in an extensive territory in southern Idaho and eastern Oregon, including Boise, Pocatello, Twin Falls, Nampa, Caldwell, Blackfoot, Weiser (wholesale), Pavette, Emmett, Buhl, Gooding, Jerome, Mountain Home and American Falls. Idaho: and (Ontario, Vale, Huntington and Nyssa, Oregon. Industries served include creameries, cheese factories, flour and milling establishments, gypsum and ore mills, cement mills, packing plants. beet sugar factories, canneries and lumber and planing mills. PROPERTIES: Physical property owned and operated includes hydro-electric plants having a total installed electric generating capacity of 71,500 kilowatts, 1.970 miles of high-voltage transmission lines (including the line to Jarbidge, Nevada, owned by the Nevada Power Company) and 1,227 miles of electric distribution svstem. Properties interconnected, the eastern division being tied in with the western division by a 132,000-volt transmission line, 81 miles in length. extending from American Falls to Shoshone Falls The transmission system is interconnected at Blackfoot and Pocatello with system of Utah Power & Light Co., which serves southeastern Idaho and in Utah, and is also interconnected with system of the latter company in northern Utah by a 132,000-volt transmission line extending from Wheelon. Utah, to the American ITalls plant THOMSON'S MANUAL 100 OFFICERS: F. F. Johnson, Chairman of Board and Pres.; M. L. Hibbard, Vice-Pres. & Gen. Mgr.; E. W. Hill, Vice-Pres.; Wm. T. Wallace, Vice-Pres.; James L. Boone, Secy.; E. P. Summerson, Asst. Secy.; H. L. Martin, Asst. Secy.; D. F. McGee, Vice-Pres.; A. E. Janssen, Treas. & Asst. Secy.; R. W. Miller, Asst. Treas.; A. C. Ray, Asst. Treas.; G. J. Hickman, Asst. Treas. DIRECTORS: TF. F. Johnson, Chairman; James L. Boone, Boise, Idaho; George A. Bremer, Jerome, Idaho; J. W. Cunningham, Boise, Idaho; E. H. Dewey, Nampa, Idaho; M. L. Hibbard, Boise, Idaho; S. R. Inch, New York; F. F. Johnson, Boise, Idaho; R. B. King, Boise, Idaho; W. P. Lyon, Caldwell, Idaho; D. F. McGee, New York; E. J. Ostrander, Twin Falls, Idaho; Nathan Sommer, Boise, Idaho; D. W. Standrod, Pocatello. Tdaho: William T. Wallace. New York: H. J. Ward, Nyssa, Oregon. Fiseal Year Ends: December 31. Annual Meeting: March. OPERATING STATISTICS- 1929 1928 Population Served ........... 50,000 150,000 Communities Served ......cocceeeeeee. £2 79 Electric Power and Light Custom , 487 42,675 Kilowatts, Station Capacity........ 1,500 71,500 Kilowatt-hours, Station Output......... .02,000 £06.009,000 Miles of lines (11,000 volts and over, 2,11 4% C 798% Miles of lines (less than 11,000 volts) 1,283 1,103 *Tncludes 72 miles of lines owned by Nevada Power Company. 1927 150,000 67 40,688 71,500 352,253,000 1,623* 895 CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding 1. 79% Preferred StocK.oeoceiiceceeereeeee.. $100 50,000 Shs. 38,010 Shs. 2. $6 Preferred Stock.......ce.ec....... No Par 25,000 Shs. 20,318 Shs. 2. Common Stock e100 150.000 Shs. 150.000 Shs. i. 79% PREFERRED STOCK. Provisions: Has equal preference paid February, 1917, since continued with the $6 preferred as to assets and quarterly. Payable Feb. 1st, May 1st, dividends. In liquidation is entitled to Aug. 1st, Nov. 1st. par and dividends. Ex-Dividend Date: 15th of preceding Callable: On any dividend date at month. 110 and dividends. Transfer Agent: Bankers Trust Co. Voting Power: All classes of stock N. Y.; Boise Trust Co., Boise. have equal voting power. Registrar: Guaranty Trust Co., New Dividends: Initial dividend of $1.75 York: Boise City National Bank. Boise. 2, $6 PREFERRED STOCK. Provisions: Has equal preference Aug. and Nov. 1st. Initial dividend paid with 7% Preferred as to assets and Feb., 1928. d¥itends, fn Jauidation entitled 10 pypiviaend: 15th of preceains Callable: At $100 per share and divi- TRonth dends on 30 days’ notice. Transfer Agent: Bankers Trust Co.. Voting Power: All classes have equal N.Y, and Boise Trust Co. Boise. voting power. Registrar: Guaranty Trust Co., N.Y. Dividends: Paid quarterly, Feb. May, and Boise City National Bank. Boise. COMPARATIVE INCOME STATEMENT, Years Ending Dec, 31 1929 1928 1927 Gross Earnings from Operation... $? 271,029 83,508,797 82,146,573 Operating Expenses. including Taxes i 1.657,11F 1492,544 1926 $2,869,474 1,407,224 $1,462,250 R7.401 $1,549,651 610,000 79 19 Net Earnings from Operation_.... NDther Income ... 20. «© ca 654,029 “Ar Ane Total Income .......o... init Interest on Bonds.....oeocmamsesmmsssasses Other Interest and Deductions............ 061,997 650,000 Q1 21 ny , fa 0 4 ie J, o0 o 3 gor] "31,00¢ m1 EA BAlANCE wears: sors iimiouniin iim isiss sagas Dividends on Preferred Stock.............. Balahte cccieismsmmmssssssssmsssmssasissses Renewal and Replacement Reserve_. 230,685 492 NRE =~ ~n 867,462 929 N95 $98,602 265 000 ¢. $5,926 926K NON $605,367 99F NAN in BAlBNC0E ..cnmveemmminmminssssissssnnsssnsssses asians Shares 7% Pref. Stock, Outstanding. Shares $6 Pref. Stock Outstanding...... Shares Common Stock Outstanding... Earned, per share, Preferred Stock... Earned. per share Common Stock...... $723,602 38,010 20,318 150,000 $18.27 4 RS $628,925 38,010 14,544 150,000 $17.95 4 20 »ori¢ 682 33,000 8,299 150,000 $17.69 270 $370.367 PUBLIC UTILIT.: COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 1929 224,601,019 ASSETS— Plant and Investments... .. _.......... Current Assets— Cash ..... eemeemeanameenaannn Notes and Loans heceivable........ Accounts Receivable ....... Materials and Supplies... Prepaid Accounts 1927 $32,103,200 127,704 feng C 2. ane 665,736 236,167 8:0.852 2.471 10.929 Total Current Assets... Special Deposits .... Reacquired Securities .............. ['namortized Bonds Discount... Deferred Credits . PN 7 20, 87 TOTAL ASSETS iin. Jo 8 200 AL al 0 LIABILITIES-Capital StoCK miei eee. Subscription to $6 Pref. Stock.............. Funded Debt ............. eames Current Liabilities— Notes and Loans Payable........... Accounts Payable ......... Customers’ Deposits ...... Accrued Accounts $20,832,800 214,700 “3.000.000 $20,255,400 47,600 “50,000 $19,629,900 103,800 13,000,000 160,000 217 16 “46 67 3U3.525 539 29 Total Current Liabilities Accrued Interest ... Matured Interest ... Reserves ._. surbnlus _. v A TOTAL LIABILIT:™ Net Working Capital .................. Ratio Current Assets to Cur. Lia. 36 «1 FUNDED DEBT, As of Dec. 31. 192¢ First Mortgage 30-Y.a Rat Dated Due Gold Bonds ._._......_ ____._......... Sen 1-2-1117 1-1-47 Interest Payable: January 1st and aly 1st. Principal Payable: January 1, 1947. Trustee: Bankers Trust Co. N.Y. Registerable: As to principal. Denominations: $1,000. Callable: At 105 and interest on any ‘nterest date on 4 weeks’ notice. Sinking Fund: 11%9% annually. This fund may be used for additions or permanent improvements against which no Authorized Outstanding $100,000,000 $13,000,000 bonds may be issued or bonds may be purchased or called at 105 and interest. , Tax Status: Federal Income tax not paid. Security: Secured by first mortgage on the entire property of the company. Offered by: Harris Forbes & Co. et al. Dated Offered: Mar, 1917, $4,500,000 at 931%; May, 1919, $1,000,000, at 89: Mar. 1923, $3,200,000, at 891%: July, 1924, 22.000,000, at 93%; June, 1927, $800,000. at 10 INTERSTATE UTILITIES COMPANY GENERAL OFFICE: So. 165 Howard St.,, Spokane, Wash EXECUTIVE OFFICES: 714 West Tenth St.,, Los Angeles, * HISTORY: Incorporated under laws of Idaho, Aug. 28, 1¢ CONTROL: Standard Telephone Co. of Chicago, Ill., a Delaware corporation, purchased control in 1928. In July, 1929, control of Standard Telephone was purchased by Associated Telephone Utilities Co. LL ] , BUSINESS: Operates telephone systems in following cities of Washington: New - port, Ione, Kettle Falls, Tekoa, Pullman, Albion, Davenport, Reardon. Medical Lake, Deep lake, Espanola, Edwall, Four Lakes, Waverly, Garfield. PROPERTY: Ten central offices and 3.160 stations. OFFICERS: SS, IL. Odegard, Pres.; A. I.. Hart, Vice Pres.: Eliot H. Cheadle, Secy.-Treas., all of Los Angeles, Calif.: W. M. Anderson, Gen. Mgr.; C. E. Munsell, Supt.; C. C. Lester, Auditor: A. H. McConnell. Comm. Supt.: W. A. Boro. Traffic Supt. all of Spokane, Wash. DIRECTORS: S. L. Odegard, A. L. Hart. Eliot H. Cheadle. C. F. Mason. W. M. Anderson. Fiscal Year Ends: Dec. 31 202 THOMSON'S MANUAL CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized Outstanding 1. 79% Cum. Pref. Stock.cicorrccecenieeee. $100 $1,000,000 $725,000 2. Common Stock _. eens $100 $1,000,000 $662,000 1. 7% CUMULATIVE PREFERRED STOCK Provisions: Has preference as to di- givens: Paid regularly to Jan. 1, vidends; no sinking fund provisions. 1 > . . T Callable: Not callable. y Registrar: Empire Trust Co., New Voting Power: One vote per share. Number of Stockholders: 650. 2. COMMON STOCK Voting Power: Votes share and Registrar: Empire Trust Co. New share alike with Preferred. York. Dividends: 1927, 8%; 1928. 6%: 1929, Number of Stockholders: 17. R07. COMPARATIVE INCOME STATEMENT, Year Ending Dee. 31, 1929 Gross Revenue ..occoocrrcmreemmeneconaee eee ereeeaaaaeaeaeeeeeee saan nmmennnnnn- $678,872 Dperating Expense and Taxes......... eee esanammananneeeeen 446,496 Net Earnings cocoon. eee eee eee ava smmneerene armmeeemeneseeeennneee- $227,374 Other Income ..... oo... ce. A RACER SER RSE np SEER AERA Sr 7,025 Total Income .....ccoeereeiiirnnnn, smenammman Eb RT RE ereeeeeeeneeeaan $234,399 Interest, Amortization. ete. eeemeeeea 60,487 Net INCOME aomememmcceecccreiiieeiaee eeeeaeaen een $17 3,912 Preferred Dividends .coooooiiiiimeiicaeeceeee- oe eeeae + aveeeomianmrananaeeeeae 46,354 COMMON DIVIACIIAS ceooeeeeeeeieeeeomecmerooceeeaiomcmeeeasssmsnnrmassmssssassosmemme sr nn ms mn nso ta ooo eee cnensanans 58,000 Surplus for the Year. reins cerca nen reeeeeeennnnnee $69,558 FUNDED DEBT: Bonds due May 1, 1939. were retired Mav 1. 1928. through the Standard Telephone Co. COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 (As filed with the Department of Public Works. Olympia, Wash.) ASSETS— 1929 1928 CASI ooo eee eee eee ercacmmmmmsmmeoeeeneseeeeeasesssasooosmmmsaseraseescesassiose esmmecooaod 42,596 $ 10,440 Advanced to Employees. eccrine eee 1,465 1,504 Bills RECEIVABLE eee a eeeeeeamcereaemccecraamsssmessansmemacssressnnnn = = oo) 60,000 127 Accounts Receivable ieee eres nena 46,638 47,708 Material and SuDPDlieS. iim cren eee een 47,869 60,5667 TUnmatured INtereSt oo ecceccoceiirrmere reser emssem een aasesannan 586 Total Current Assets. .....c...c Ci arene 199,154 INEANZIDIES corcermceeeecorereeee rr cmeesr esse tan ness ar sameness essere nannies a 244,789 Land, Buildings, €LeC. icine 290,189 Plants and BEquibDment coors mmneeen on nie .825,347 Furniture and FiXtUures...omieeeenreeericemenrenssanenereoanen 26,444 Securities OWE eo eorermiceemnercesrnra mec nse ne nmn noose nna nnn 500 Miscellaneous Investments oo. ioieomrircemimommmmnnncernneennnenes 48,960 Sinking Fund ..cceeeeel eee eeemaamomeomemmemmneemmasmaeenceemesmnnsemees 121 DEFETTEA ASSELS oneeooceeermmeeereemmoomsesemmemenassssmssssszssommrnsrssnnnraasnooasnoas 18,87( TOTAL ASSETS eee enna e ems ceecnnenans $2.6 64.007 LIABILITIES— Bills Payable iinet enna eran 3% 734,100 Vouchers and Wages Unpaid... ninnceeeeonnee 26,432 Accounts Payable occa eeeeom nines 26,726 Interest MAtUTeA .oooccceecoccccccoomommmmemmssrsermeserssermsmnesammnsonacns senses 68 TAXES ACCTUEH .ooiieeieecoeeeeecmsmmmmmmrestemmeeermeasres esos oa momma sme ness rename 43,550 Other Accrued Items........ eee emmeee means eemnmeanoneeeenmannn 26.628 120,447 244,789 284,601 1.833,658 25,460 500 48,960 988,249 11.909 ¢2 AN4.804 $ 734,100 23,576 2,343 1,229 43,301 29 250 Total Current Liabilities. cores ce meeserienees 857,514 Reserve for Depreciation meee 277,817 Reserve for Amortization, ete. ere 8,147 Deferred Liabilities occas 9,838 Premium on Capital StoCK. ieee ence 10,310 70% Preferred STOCK... ita ememessenssnncessensnennns 725,000 COMMON STOCK cerimie wrecrrmmiaasimeressemssentasssasnsans assassins sense cosas snes 662,000 SRUTDIUS cooeoeoce eoeesmeesoe soceeessomsmmessassssoommmmteremsssSteiesssosoosssioesssoressssssosie 112175 TOTAL LIABILITIES icone comes nos soisenee ...$2,664,001 Pue Standard Telephone Co. for cash advanced in 1928 refinancing 826,899 293,448 6,983 6,971 10,310 725,000 662,000 90.293 22 604.804 PUBLIC UTILITIES 203 KELLOGG POWER & WATER COMPANY GENERAL OFFICE: Kellogg, Idaho. CONTROL: By American States Public Service Co., Chicago, Ili HISTORY: Organized about 1900. BUSINESS: Supplies the city of Kellogg, Idaho, with water for domestic, industrial and municipal purposes. Serves population of about 5,000. Consumers, about 800. + INCOME STATEMENT, Year Ending Dee. 31, 1929 Gross Revenues ......cooooccceieo. Operating Expense and General Taxes.......... eeneeeenn. $41,049 18,351 Net Revenue .._..............._ _.. Interest and Depreciation......... a t Earnings before Federal Tax...... cocoa... BALANCE SHEET, As of Dec. 31, 1929 TTT LIABILITIES Notes Payable ...... Accounts Payable .... Consumers’ Deposits . Accrued Taxes .. T8013 .....314.685 Cash ........... Accounts Receivable ....... Merchandise, Materia'~ ‘ {"nexpired Insurance 119 5,567 “62 146 302 645 1.155 Total Current Liabhit lie Fixed Indebtedness ... _. Reserve for Depreciation. Capital Stock ...... Surplus ..... TOTAL LIABIT "TIES Total Current Asse. Plant and Property. &,248 12,998 2,213 2.000 22.513 4205, DED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding 7 7-1-27 1937 $60,000 $47,500 Sinking Fund: Monthly deposits to take care of semi-annual principal and interest payments. Tax Status: Company pays normal Federal income tax of 29%. Security: First mortgage on all properties now owned or hereafter ac-I. quired. Denominations: $500 and $1,000. Legal ‘Opinion by: Burcham & Blair, Callable: As a whole or in part at Spokane, Wash. 102 on and after Jan. 1, 1930, on 60 Offered by: Ferris & Hardgrove. 1avs' notice in inverse order. Spokane. 1927. at 100. TOTAL ASSETS ..$205.972 {losed First Mortgy Bonds Interest Payable: at office of trustee. Principal Payable: July 1, 1930, $3.000; Jan. 1, 1931, $2,500; each July 1 and Jan. 1 from July 1, 1931, to July 1, 1934, incl, $3,000; each July and Jan. ! thereafter to July 1, 1937, incl., $3,500. Trustee: Spokane & Eastern Trust RITSAP COUNTY TRANSPORTATION COMPANY GENERAL OFFICE: Ferry Dock, Seattle, Wash. HISTORY: Incorporated under laws of Washington, March 3, 1905. RUSINESS: Company operates freight and passenger vessels and automobile ferries over nine different toutes on Puget Sound, centering at Seattle. PROPERTY AND EQUIPMENT: Company owns and operates 10 steam and Diesel vessels. Operates ferry West Seattle on lease. SUBSIDIARIES: Washington Route (70% owned), Whidby Island Transportation Co. (78% owned), Ferry Dock Co. Seattle (529% owned). OFFICERS: J. L. Anderson, Pres.: Philip D. McBride, Vice Pres.: Bert S. Murley. Sec tocas. DIRECTORS: J. L. Anderson, Adolphus Byers, W. E. Galbraith, A. Hostmark, Philip D. McBride, Bert S. Murlevy. F. &¢ Rune. 1 i. ATION, As of Dec. 31, 1929 ‘ar Value Authorized I. Class B Pref. Stoc: .......No Par 5.000 shs !. Common Stock .... vivre. NO Par 10,000 shs Note: Outstanding Class A Preferred stock called April 4. 1929 Sumber of Stockholders Outstanding 2.983 shs 6 200 shs 204 THOMSON'S MANUAL COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 (As filed with Department of Public Works, Olympia, Wash.) 1929 1928 370,316 338,682 «71 691 213,869 Gross Revenue oon Operating Expense and Ta _3..... 3 Net Earnings ooo... Interest, Amortization, etc. ....... Net Income ...coceien ees Misc. Additions: or Deductions.. Adjusted Income ....... Preferred Dividends .. oceans noe. Surplus for the vear... iris Deficit. -2C COMPARATIVE BALANCE SHEET, As of Dec. 31 (As filed with Department of Public Works, Olympia, Wash.) ASSETS- 1929 1928 CUABN npumms Ir ae mimi RE RRR ge eras tas hms whens im 7,767 3,431 Notes Receivable ol oi iirinnnns i .. 400 440 Accounts Receivable ..._. o aseemansannmmanduiiine wis # Nad IB 21,412 Supplies, ete. ...... rae er emememaeeeocaeceneaeeenas 662 564 Investments (NON-~pe' =<" 5 _ieeeececcccccceeeeenee. 125,082 174,076 Steam Floating Equipmer ...... .oeooeeeceeccacccccoceene... 276,582 :&0,8717 Diesel Floating Equipment. i eereeeeeenmameeeenene £02,360 . 6,354 Docks and Wharves _.. ee iemeeeemamammmaannnnennee 01,482 01,436 Real Estate _...._.... ema mmm hE SSS SO 5,658 500 Office FIXTUTES oie eee ce maaan anne 2,657 1,986 Miscellaneous Equipment inns 5,694 wii Other Assets .occcceeoo. rd REE TRARY 210 _0 Deferred Items ................ emmeeeeen 22,644 24.755 TOTAL ASSETS ioeieiecieaeeeeereeennmneenreeeeeaeeee- $980,433 LIABILITIES— Accounts and Wages Pavable.. Notes Payable .... Funded Debt .............. mg Depreciation Reserve oii Deferred Credits and other reserves... Capital Stock Suronlus 7.730 6 736,000 = 94LE L570 E 5,070 7.692% ann cq TOTAL LIABILITIES Deficit. 16.25 20R().432 R046 «-1927 303,795 284.523 17,472 12.682 4,790 6.604 11,394 11.204 1927 3 689 140 32,174 238 12,996 215,094 181,922 20,754 500 1,848 310 17,2563 242 920 3 65,474 77,786 95,000 76,545 20,000 200,000 -50.885 e482 920 FUNDED DEBT, As of Dec. 31, 1929 First Mortgage Serial Sinking Rate Dated Due Issued Outstanding Fund Gold Bonds... _6%9% 4-1-28 1929-42 $250,000 $236,000 Interest Payable: Apr. and Oct. 1, at Sinking Fund: Impounded with trus-National Bank of Commerce, Seattle. tee monthly sufficient to retire issue Principal Payable: $10,000 on Oct. 1, at maturity. each year, 1929 to 1941, incl.; $120,000 Tax Status: Company pays normal Oct. 1, 1942. 2% Federal income tax. Trustee: National Bank of Com- Security: First mortgage on all merce, Seattle. physical property, leases, rights and Registerable: As to principal. franchises of the company. Denominations: $500 and $1,000. Legal Opinion by: Shorts & Denny, Callable: On any interest date, on 30 Seattle, Wash. days’ notice, in inverse order of ma- Offered by: Marine National Co. and turities at $102 up to Apr. 1, 1938: Ferris & Hardgrove, Seattle. Wash. thereafter at 101 March... 1928 LONGVIEW, PORTLAND & NORTHERN RY. CO. GENERAL OFFICE: Longview, Wash. EXECUTIVE OFFICES: Kansas City, Mo. HISTORY: Incorporated under laws of Washington, Sept. 29. 1922. Controlled through stock ownership by Long-Bell Lumber Co. PROPERTY: Public carrier extending from Longview Junction to Ryderwood, Wash., 30.26 miles. Industrial track 7.98 miles; second track, 1.60 miles; yard track, 13.86; total, 53.70 miles. Equipment: Six locomotives, 16 box cars, 37 flat cars, 5 tank cars, 4 cabooses, 306 other freight cars, 2 combination passenger cars: 1 baggage car; 26 ballast cars; 1 derrick; 1 steam shovel; 4 other service ears. total 303. of which 50 freight cars are leased. Standard gauge rail 85 lbs. UBLIC UTILI™ OFFICERS: R. A. Long, Chairman; M. B. Nelson, Pres.; R .S. Davis, Vice Pres.; J. D. Tennant, Vice Pres.; S. M. Morris, Vice Pres.; R. T. Demsey, Sec. & Treas.; Jesse Andrews, Gen. Counsel; R. W. Stith, Compt.; D. M. Burgess, Auditor; Bogue Vandercook, Supt. DIRECTORS: R. A. Long, M. B. Nelson, R. S. Davis, R. T. Demsey, S. M. Morris, J. D. Tennant, Wesley Vandercook. Fiscal Year Ends: Dec 31 Annual Meeting: In January. CAPITALIZATIO? er Value Authorized Capital Stock ... $100 $1,250.000 DIVIDENDS: None paid to Dec. 51, 1929. TE SHEET, As of Dec. 31, 1929 LIABILITIES Equip. & Purch Contract........ Accounts Payable Accrued Accou-Jue to Long-. funded Debt Capital Stockh Surplus ... TOTAL "ABT ~ ASSE. FI'vDED DEBT, As of Dec. 31, 1929 First Mortgage Equip. Rate Dated Due Authorized Outstanding Trust Bonds, Series A.................. 6% 1925 1945 $5,000,000 $3,436,962 Interest Payable: J. & J. 1, at trustee’s office. Trustee: Halsey, Stuart & Co., Chicago. Registerable: As to principal in $1,000 denomination only. Denominations: Coupon, $100, $500 and $1,000. Callable: On 60 days’ notice to July I, 1930, incl, at 105; to July 1, 1935, incl.,, at 104; to July 1, 1940, incl. at 103; to July 1, 1944, incl, at 102; less 1, 9% for each year after July 2, 1940; after July 1, 1944, at par. Sinking Fund: Annually, beginning MINNESOTA NORTHERN POWER COMPANY GENERAL OFFICE: 831 Second Ave. South, Minneapolis, Minn. HISTORY: Incorporated under laws of Delaware, March, 1924. BUSINESS: A holding and management corporation owning and operating public utility properties, which furnish electric power and natural gas in Montana, North Dakota and South Dakota. Territory served has combined population of more than 125,000 and includes Bismarck, Mandan, Dickinson, Williston, Kenmare and Stanley, in North Dakota; Rapid City, Lead, Deadwood and Bellefourche, in South Dakota, and Miles City, Havre, Glendive, Terry, Wolf Point and Scobey and Sidney, in Montana. PROPERTIES CONTROLLED: Montana-Dakota Power Co. Montana-Dakota Utilities Co., Gas Development Co., Northwest States Utilities Co. OFFICERS: C. C. Yawkey, Pres, Wausau, Wisc.; R. M. Heskett, Vice Pres. Treas. & Gen. Mgr.,, Minneapolis, Minn.; Ben Alexander, Vice Pres.: Aytch F, Woodson, Sec’y, Wausau, Wisc.; C. W. Smith, Chief Eng.; A. F. Anderson. Purch. Agt., Minneapolis, Minn. DIRECTORS: C. C. Yawkey, Ben Alexander, Aytch P. Woodson, Jud Alexander. H. L. Geiese, Wausau, Wisc.;: R. M. Heskett, Minneapolis, Minn. Fiseal Year Ends: Dec. 31. Annual Meeting: 1st Tues. in Feb CAPITALIZATICN, As of March 1, 1930 '-r Value Authorized $100 $1,200,000 $100 $8,800,000 Par R00 000 shs Ll. 2. 9 DETAILS OF STOCK Callable: Preferred stock is callable Oct. Common dividends at rate of $5 on any dividend date at 105. per share per annum paid regularly Dividends: Preferred dividends reg- quarterly, Jan., Apr., July and Oct., unularly paid auarterlv. Jan.., Apr., July, til Jan. 1, 1928: then increased to $8 206 THOMSON'S MANUA. ——— per share per annum until Oct. 1, 1928. At that time stock was split up 8 for 1 and a dividend of 25c¢ per share for the quarter was paid. Jan. 1, 1929, dividend was raised to 37lc per share per quarter. The stock was then split 6 for 1 and placed on a dividend of 8c per share per quarter. On April 1, 1930, this was increased to 10c per share per quarter. Transfer Agent and Registrar: Minnesota Loan & Trust Co., Minneapolis, Minn. EARNINGS STATEMENT. Year Ending Dee. 31. 1929 ceeeeee-$2,725,617 cee 1.201,642 1,523,974 402,727 300,000 75.000 7,727 746,247 175,158 571.089 Gross INCOME .ooioimiminaaeens Dperating EXpenses ...ocooccoooemena-Net INCOME ceieereemsnancaamanans a RRNA a Interest on Bonds and Notes........ [ eeanaae aman Depreciation and Depletion. as nee Niher Deductions (Including Federal TaXes) ocionceninn Balance for Dividends and Surplus... eee Preferred Dividends eee me m——— ped CH SR pS Ra Balance ......... COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 Dec. 31 1929 1928 25,037 $ 18,254 0,284,555 3,600,000 357,400 22 6&5 5,656 “£6 £5,840 J35 21,782 09 “737 Rt °R7 of Jan. 31 1928 ASSETS— Plant Investment mimes Investments in Affiliated Companies... Cash coon ermmrnann Notes Receivable oon ois eee Accounts Receivable _........... —-Interest Receivable iin en Material and Supplies... emma Prepayments .ccocceeeecsaccecosscessannaanaasanoa Advance to Affiliated Companies........ -. Subscribers to Capital Stock............ Deferred ITteIMS .eoooeiecoocmimciacmammnenemes Reacguired Securities ct Dither ASSetS ceceoeecccaccaroiamcmmammamanmaeeeans TOTAL ABBITE nmin smmmmmnmmmmnants LIABILITIES Common Stock ...... ee eeenaamanmecaeanan Preferred Stock oii aes Capital Stock Subscribed... ...... Notes Payable ....... Accounts Payable .... .... Three-Year Gold IT {eS imemimiaaeeees Advances from Affiliated Companies Interest Accrued .o.oeiiceccicce smeemarmenas - Reserves ...... eee eeeam naman cmenn nnn Snirnlus een —————n 1,658,819 7,311 1,286 4,545 26,277 239,367 13.621 1.951.226 BET 10.088 208.1 C 1,245,800 184,400 371 71,585 500.000 em NEE C05 72,013 51,885 22,026 658.588 195.402 TOTAL LIABILITIES ..erereeeeo-$12,588,149 $ 4,208,149 $ 1,951,226 Note: Three-year 5% Notes due June 1, 1931, were retired April 1. 1930. when new issue of $4.500000 69% (nld Bonds was marketed FUNDED DEBT, As of April 1, 1930 Rate Dated Due Authorized Outstanding eeeeanennaes 6% 4-1-30 4-1-34 = $4,500,000 $4,500,000 Interest Payable: Apr. and Oct. 1, by to Apr. 1, 1931, at $25 per share; there-Trustee, or Foreman-State Trust & Sav- after to Apr. 1, 1932, at $30 per share. ings Bank, Chicago. } Tax Status: Company pays 2% nor-Trustee and Registrar: Minnesota nal Federal income tax. Y.oan & Trust Co., Minneapolis, Minn. Registerable: . As to principal only. Denominations: $1,000, $500. Callable: On first of any month after 60 days notice, at 102% to and including Apr. 1, 1931; at 101% to and including Apr. 1, 1932; at 100% to and including Oct. 1, 1932; thereafter at par Warrants: Bonds carry warrants entitling holder to purchase 5 shares of Cemmon stock of Minnesota Northern Power for each $1.000 bond as follows: Joint Gold Bonds___...... Security: First mortgage on all the fixed property of Montana-Dakota Utilities Co. and Gas Development Co. All Preferred and Common stock of Montana-Dakota Power Co. (97%) owned by Minnesota Northern Power Co.. pledged with Trustee. Offered by: Banc Northwest Co, Trust Securities Co., First Wisconsin Co., Foreman-State Corp., Minneapolis; First Seattle Dexter Horton Securities Cao... April. 1930. at var PUBLIC UTILITIES 20% MONTANA-DAKOTA POWER COMPANY GENERAL OFFICE: 831 Second Ave. South, Minneapolis. Minn. CONTROL: By Minnesota Northern Power Co. HISTORY: Incorporated under laws of Delaware, June 1, 1925, as Eastern Montana Utilities Co. Name changed to present title in January, 1926. Present company is consolidation of large number of local companies operating in eastern Montana and western North Dakota. BUSINESS: Company supplies electric light and power in 91 towns through a completely interconnected system of high tension transmission and distributing lines. Natural gas is supplied to Miles City, Ismay, Terry and Glendive in Montana, and Marmarth, North Dakota. Manufactured gas supplied to Bismarck, Mandan and Valley City, North Dakota, through the properties of a subsidiary, the Consolidated Utilities Co., operated under lease. Steam heat retailed at Glendive and Miles City. Company now serves 16,500 electric customers and upon completion of gas construction now under way will serve approximately 6,000 gas customers. PROPERTY & PLANTS: Company has four steam generating stations having a capacity of 16,500 h.p. Two plants use natural gas from company's own system for fuel. A new gas-fired steam generating station is now under construction at Williston, North Dakota. A 1,250 h.p. natural gas engine driven generating plant is operated at Baker, Montana. This plant also compresses gas for pipe lines of Black Hills Utilities Co. (an associated company). In addition to electric properties, company owns 162 miles of natural gas trunk lines. Company is constructing a 12-inch gas trunk line extending from Glendive, Montana to Williston, North Dakota, together with distribution systems at Williston and intermediate towns. SUBSIDIARIES: Consolidated Utilities Co.,, Bismarck, N. D. (leased). OFFICERS: C. C. Yawkey, Pres.; Ben Alexander, Vice Pres., Wausau Wisc.; R. M. Heskett, Vice Pres.,, Treas. and Gen. Mgr., Minneapolis, Minn.; A. P. Woodson, Sec'y, Wausau, Wisc.; F. R. Gamble, Asst. Treas.-Asst. Sec'y, Minneapolis, Minn. DIRECTORS: CC. C. Yawkey, Ben Alexander, Jud Alexander, A. P. Woodson, H. L. Geiese, Wausau, Wisc.; R. M. Heskett, Minneapolis, Minn. Fisenl Year Ends: Dec. 31. Annual Meeting: 1st Tues. in Feb CAPITALIZATI( ", As of Dec. 31, 1929 "alue Authorized Lo $1,000,000 100 $4,000,000 Par (0.000 shs L. 2. 3. 7% Cum. Preferred Stock.. 69% Cum. Preferred Stock.......... Common Stock ..... Outstanding $1,000,000 $593,200 274.310 shs np; «8S Provisions: 79% and 69% Prefer:ed have preference as to assets and cumulative dividends over Common. Callable: Both 79% and 69% Preferred subject to call on any dividend date at $105. Voting Pewer: Common stock has sole voting power. Dividends: Preferred dividends regularly paid quarterly, Jan., Apr., July INCOME ACCOUNT, Years Ending Dee. 31 OF STOCK and Oct. 1. On Common, 5¢ per share per quarter until Jan. 1, 1929, when the rate was increased to 7%c¢ per quarter. (These figures are based on shares after 10 to 1 splitup which was made in February, 1929.) Transfer Agent and Registrar: Minnesota loan & Trust Co., Minneapolis. Minn, a9%0 "6,467 10,708 KE Ef OX (Oct. 31) 1927 902,094 197.838 Operating Revenues Operating Expenses ... Rental for Leased Propert Net Earnings .. Deductions: Interest on Funded Debt Misc. Interest (net) ......... Amortization of Bond Discoun Total Deductions ................__ set Before Deprec. & Fed. Tax... 56 NN Y For Current Information on OREGON SECIT'RYTIES Read CHAPMAN'S WEEKLY C. C. Chapman, Publisher . F. H. Young. Editor 202 Guarantv Bldg. Portland Ore THOMSON'S MANUAL GENERAL BALANCE SHEET, As of Dec. 31, 1929 ASSERTS LIABILITIES eed 8,851,343 Preferred Stock ........ccocecee......$ 1,593,200 271,521 Common Stock ...._. eee. 1,176,690 24,159 funded Debt .__....___............... 6,500,000 358 070 Purchase Contracts Payable.. 40,016 7510 Notes Payable ....coow sommes 122,500 ’ Accounts Payable ...... sews 158,718 10,150 Jonsumers’ Deposits o.oo... 100,000 212,954 Misc. Current Liab, ..... .. _.... 2,117 26,458 Paxes Accrued coves 26,321 "41,929 nterest Accrued ........... ‘ 181,366 18 023 Misc. Accrued Liab. ...... - 11,830 "663 Retirement Reserves ................ 661,086 969.89 Other Reserves ....oceeeeeeeemceeees 118,872 269.896 Profit & T.oss—Surplus............ 199.961 eeeen-$10,892,681 TOTAL LIABILITIES ..........$10.892,681 FUNDED DEBT, As of Dee. 31, 1929 First Mortgage Rate Dated Due Authorized Outstanding Gold Bonds ..oooococceeennanreee2 D2 % 1-22-29 1-1-34 $8,500,000 $6,500,000 Interest Payable: Jan. and July 1, plus 3% 9% for each year between reby Trustee and Continental Illinois demption date and maturity, but with-Bank, Chicago. out premium subsequent to Jan. 1, Provisions: Additional bonds may 1933. pe issued for refunding or extensions Tax Status: Company pays 2% norat not exceeding 80% of cost, providing mal Federal income tax. net earnings for 12 months equal twice Security: First mortgage on all the annual interest charge on funded debt, fixed assets, subject to $40,000 incumincluding proposed issue. brance on small portion of property. Trustee and Registrar: Minnesota Legal Opinion by: Cobb, Hoke, Ben-[.oan & Trust Co., Minneapolis, Minn. Mh Krause & Faegre, Minneapolis, Registerable: As to principal only. Offered by: Minnesota Co., Minne-Denominations: $1,000, $500. apolis, Minn.; Continental Illinois Co. Callable: As whole or in part on any Chicago, Ill.; First Wisconsin Co., Milinterest date on 30 davs’ notice at par waukee, Jan., 1929. at 98 Fixed Capital .. Cash coon - weit Notes Receivable ___... ........... Accounts Receivable ................ Interest & Dividends Receiv.. Marketable Securities ............ Material and Supplies... . ___... Prepayments ...c..ccccemmcon cnn Advance to Affiliated Ce Inv. in Affiliated Co.s .......... Misc. Current Assets ............... Suspense .... eemememmeamamaamnae TOTAL ASSETS .. MONTANA-DAKOTA UTILITIES COMPANY GENERAL OFFICE: 831 Second Ave. South, Minneapolis. Minn. CONTROL: ..By Minnesota Northern Power Co. HISTORY: Incorporated under laws of Delaware, March 14, 1928. BUSINESS: Operates 12-inch gas line from fields near Baker, Mont, to Black Hills area of South Dakota, serving natural gas to Camp Crook, St. Onge, Belle Fourche, Spearfish, Deadwood, Lead, Central City, Sturgis, Whitewood and Rapid City, South Dakota. Building 12-inch line from Baker field to Bismarck, N. D., which will supply gas to Wibaux, Beach, Sentinel Butte, Carlyle, Galva, Belfield, Dickinson, Gladstone, Taylor, Richardson, Hebron, Glen Ullen, New Salem, Mandan and Bismarck. In Black Hills area 3,500 customers were using gas at close of 1929, and project now under way expected to increase total to 10,000. MANAGEMENT: C. C. Yawkey, Wausau, Wisc., Pres.; Ben Alexander, Wausau, Wisc., Vice Pres.; Aytch P. Woodson, Wausau, Sec’v: R. M. Heskett. Minneapolis, Vice Pres, Treas. and Gen. Mgr. . DIRECTORS: C. C. Yawkey., Ben Alexander, Aytch P. Woodson, H. L. Geise, Jud Alexander, all of Wausau, Wisc.,, and R. M. Heskett, Minneapolis. Minn. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Tues. in Feb. CAP" PTALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding 1. 69% Preferred Stock. cere i rccaeeee. $100 30,000 shs 8,039 shs 2. Common Stock ___. No Par 100.000 shs 79.013 shs DETAILS OF STOCK Callable: Preferred stock subject to 1 since stock first issued. No dividends ~all any dividend date at 105. reported on Common. Dividends: 69% Preferred dividends Transfer Agent: Minnesota Loan & paid auarterly. Jan.. Apr., July and Oct. Trust Co., Minneapolis. Minn. INCOME ACCOUNT. As of Dec. 31. 19290 Operating REVENUES iiioiiooceccammemmmemmmnnannc ee sanacmsaene = Dperating Expenses. including (teneral Taxes. ........__ eC eeanennaan-$608,606 207,923 ee eeeeeeeneninaenaennneena $400,683 eee $33,000 $ 35,400 Net Tneome Available for Depreciation and Federal TaXes....ooooeeeeeeeeenenn-$365.283 PUBLIC UTI ™™ BALANCE SHEET, Dec. 31, 1929 LIABILITIES ASSETS Preferred Stock .. “ommon Stock ...... I. apital Stock Subscrihes 0-Year 5% % Gold Note Notes Payable ._. Accounts Payable . Jonsumers’ Deposits ........... Advances from Affil. Co.s.. Misc. Current Liab. __. Taxes Accrued ... ‘nterest Accrued ... Vise. Acer. Liab. .... Retirement Reserve .. Misc. Reserves .................. Profit & Loss—Surplus........ TOTAL LIABILITIES ............{ T"UNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized 10-Year Gold Notes... b¥%9% T7-1-28 7-1-3R% $600,000 Interest Payable: Jan. and July by Trustee. Trustee: Minnesota Loan & Trust Co., Minneapolis, Minn. Denomination: $1,000. Callable: On 30 days’ notice at par, plus 3% before July 1, 1931; 29% between July 1, 1931, and July 1, 1934: 1% thereafter. ~.....§ 803,900 . 1,032,662 2,125 600,000 109.707 57,605 16,511 13,900 3,067 34,883 28,775 T,764 939 ,034 «23,073 4.612.935 Outstanding $600,000 Sinking Fund: $24,000 on Dec. 14, 1930, and semi-annually thereafter in ncreasing amounts, sufficient to retire antire issue at maturity. Company may use fund to call bonds by lot. Tax Status: Company pays 29% normal Federal income tax. Legal Opinion by: Cobb, Hoke, Benson, Krause & Faegre, Minneapolis. Minn. MONTANA POWER COMP GENERAL OFFICE: Butte, Montana. EXECUTIVE OFFICES: 2 Rector St.,, New York, N. 1. CONTROL: By American Power & Light Co. HISTORY: Incorporated under laws of New Jersey, Dec. 12, 1912, as a consolidation of Butte Electric & Power Co. Madison River Power Co., Billings & Eastern Montana Power Co. and (old) Montana Power Co. Capital stock of Idaho Transmission Co., Montana Reservoir & Irrigation Co. and Great Falls Water Power & Townsite Co. BUSINESS: Supplies electric power and light to 84 communities in Montana, including Butte, Anaconda, Billings and Great Falls. Gas service is supplied at Butte and electric railway service at Great Falls. Total population served, estimated at 200,000. PROPERTY: 245,000 k.w. hydro-electric generating capacity 2,439 miles of high voltage transmission lines, 903 miles of distribution system, gas works capacity of 360,000 cubic feet per day, gas holder capacity of 410,000 cubic feet, 28 miles of gas mains and 17 miles of electric railway track. Plant with generating capacity of 45,000 k.w., called Morony development, completed in January, 1930. Acquired during 1929 Helena Gas & Electric Co. and Missoula Public Service Co., previously controlled by an affiliated company. OFFICERS: John D. Ryan, Chairman of Board of Directors and Pres.; Frank M. Kerr, Vice Pres. & Gen. Mgr.; Frank Silliman, Jr., Vice Pres.; Frederick Strauss, Vice Pres.; J. F. Denison, Sec’'y-Treas.; Stephen P. Hogan, Asst. Sec'y; John C. Ryan, Vice Pres.; E. W. Hill, Vice Pres.; E. P. Summerson. Asst. Sec'v: J. R. Thomas, Asst. Treas.; A. C. Ray, Asst. Treas. DIRECTORS: John D. Ryan, Chairman; Frederic W. Allen, New York; Charles M. Clark, New York; C. E. Groesbeck, New York: S. R. Inch, New York: Frank M. Kerr, Butte, Mont.; S. Z. Mitchell, New York; John C. Ryan, Butte: John D. Ryan, New York; CharlesH. Sabin, New York; Frederick Strauss. New York: W. D. Thornton, New York; Geo. N. Tidd, New York. Fiseal Year Ends: Dec. 31. Annual Meeting: 3rd Wed. in June. TET STATION, As of Dee. 31, 1929 Par Value Authorized Outstanding 1. $6 Series Cum. Pref. Stocn..........No Par 152,154 shs 63,352 shs 3. Common Stock .occecceeceecceaeaeeno...NoO Par 3,760,000 shs 2,481,665 shs Note: On April 29, 1929, authorized Common stock was increased from 750,000 shares to 3,750,000 and par change from $100 to no par 152.154 shares Preferred also authorized 210 THOMSON'S MANUA. 1. $6 SERIES CUMULATIVE PREFERRED STOCK Provisions: Preference as to assets Dividends: Paid $1.50 on Nov. 1, 1929, and $6 cumulative dividends per an- regularly thereafter. num. In liquidation entitled to $100 Transfer Agent: Company's office, per share and accrued dividends. Butte, Mont. Callable: At any time at $110 and Registrar: Metals Bank & Trust Co, accrued dividends. Butte, Mont. Tax Status: Company pays normal Public Offering by: The Company, Federal income tax up to 2%. Julv. 1929, at $100 per share. 2. COMMON STOCK Ownership: American Power & Light 1, 1929; quarterly at 25c¢ paid there-Co. owns 95% of outstanding stock. after up to and including April 1, 1930. Dividends: $100 par Common 1924, Transfer Agent: Registrar & Trans-49; 1925, 4%; 1926, 43%; 1927, 5%; fer Co., Jersey City, N. J. 1928, 59%; 1929 to April 1, 2%. On Registrar: Corporation Trust Co, no par. initial 25c a share paid July Jersey City, N. J. COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 . ASSETS— 1929 1928 1927 Plants and Equipment.........cccooceeeiercneee.-.$115,466,960 $ 99,777,581 $ 99.124,156 Current Assets: Cash cvs mmsasessvmemanr Notes Receivable ........ . Accounts Receivable City, County and State Warran: Material and Supplies... Prepaid Accounts .._... Total Current Assets. — 6,004,353 Special Deposits iin in wn Ee 73,795 Unamortized Expense _.oimimaces oes 2,246,635 Employees’ StoCK ire eenonaan Deferred ChATrZEeS oceoiccciieccir oo comcvecemceevcenenn ee 60,240 TUITAT. ABHRTE mmm ..$123.851.982 ILLIABILITIES— Capital StOCK reereeeecercreceeeaecameenneene eee 55,924,045 Subscription to Preferred Stoel... _......... 2,248,200 Funded Debt ..ooeaeeene eeereeermaaneee. 48.851,100 Current Liabilities: Dividends Declared ........ : eenee Notes and Loans Pevable ..ooirinannaaes Accounts Payable .. emma Customers’ Deposits evn Acceriied Aecoilnts 4,094 107 2,363 2 531.729 4,163,743 5,343 2,691,209 678,120 62.125 ¢ 666.724.6906 "986 107.2326.766 $ 49.633,300 45.760.100 $ 49.633.300 46.991.000 715,444 4,100,000 616,721 402,701 1 RK2 039% 620,416 1,478,610 rbot 620,416 400,000 1,109.724 nT 879 Total Current Liabilities... of 7,0 2,918,019 Deferred Credits o.oo... eae 350,227 Reserves . eran 1,724,023 Surplus _.. eee manana 5,178,127 TOTAT. T.TARITJITIES ee 5123.851,982 $107,236,765 $106,724,696 COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 oC 1927 $ 9,370,599 3,437,638 5,932,961 48,129 = 081,090 3,168,387 200,000 «512,703 342,461 e 2.970.242 Gross RevVeNnUe ..o.o.oocooiee i cimimmncrenmennenns Operating Expense .........ccccooeee-Net Earnings ...cooccoccceeueen. Other INCOME ooememeiiiiicimcceeeeas Total Income ._.....ccccoeoo. Interest, Amortization. ete. _. Depreciation oes Net INCOME ooeeeeeeieeeececememeeeeene L720 °F Preferred Dividends .....oooocooiiiiiiiiiinan 90,27 Ralance for Com. Div. & Surplus... $ 4.639.679 $ 4,288,866 FUNDED DEPT, As of Dec. 31, 1929 Rate Matures Authorized Outstanding 7-1-43 $75.000,000 $25,344,000 = .r2 momma $12,500,000 “1 menan $ 3,326,000 me $ 398,000 omen $ 1,533,000 Ce f 750.000 Ist and Refund. Mort........... Debentures, Series A... 3utte Elec. Pr., 1st Mort..... Montana Power Trans......... Madison River, 1st................ Helena Gas & Rlec ao PUBLIC UTILITIF 1. FIRST & REFUND MORTGAGE 5% SINKING FUND GOLD BONDS. Interest Payable: Jan. and July, at normal income tax-——Free of Montana nffice of trustee. State tax. Trustee: Guaranty Trust Co. New security: By lien on entire property Yori. and securities of subsidiary companies. Registerable: As to principal coupon Offered by: Lee, Higginson & Co, $100, $500, $1,000. Registered: $1,000, Guaranty Trust Co, and J. & W. Selig-$5,000, $10,000 and multiples. man & Co., New York. Date Offered: Denominations: Coupon $100, $500 Jan., 1914-Mar.,, 1915 and 1918, at 94, and $1000. Registered: $1,000, $5,000 911%, 89. and $10,000. Listed: New York Stock Exchange. Callable: At 105 and interest. May Price Range: 1929—High, 104; Low, be purchased or called for sinking fund. 98: 1928—High, 106; Low, 102: 1927— sinking Fund: 114% annually of out- High, 105; Low, 101%: 1926—High, 102; standing amount. Low, 991%: 1925 — High, 1003; Low, Tax Status: Company does not pay 9715: 1924—High, 101; Low, 95. 2, 5% GOLD DEBENTURES, Series “A" interest Payable: June & Dec. 1st, at Tax Status: Company pays normal J. & W. Seligman & Co, New York; income tax up to 2%. Lon, Hg ony hid York, Dos Security: A direct obligation of the 4 C . 2 a jl ee: Guaranty Trust Co. New ompany but not secured by mortgage York. Offered by: Lee, Higginson & Co.; Registerabhle: As to principal. Guaranty Co.. and J. & W Seligman & Denominations: Coupon $500 and Co., New York. 51.000. Date Off : 27. Price: 971 Callable: In whole or in part at 105 ate f ered ay. 19 I oh 97%. prior to June 1, 1932; at 104 to June 1, Listed: New York Stock Exchange. 1937: at 102 to June 1, 1947; at 101 to Price Range: 1929—High, 101; Low, June 1, 1957; and at 100% during last 951%: 1928—High, 103%; Low, 99; 1927 five vears prior to maturitv —High, 100%: Low, 96%. 3. BUTTE ELECTRIC & PR. CO. 3% FIRST MORTG. GOLD BONDS Interest Payable: J&D 1 at office of Tax Status: Company pavs normal trustee. ) income tax up to 2%. Principal Payable: $25,000 annually « ftv: Vit a each June 1 to June 1, 1930; $193.000 on Feouritys Pigg gloved mortgese ob June 1, 1931, and remainder on June all property and franchises. 11951. ’ Offered hy: E. H. Rollins & Sons and "Trus : U.S. . y 5 . Rudolph Kleybolte Co.,, N.Y. and Lee clmgtee: T. 8 Mortgage & Trust Co. Higginson & Co. N.Y. Jan. 1901 and Registerable: As to principal. June, 1909, at 100, 101 and 98. Denominations: Coupon, $1,000. Listed: On Boston Stock Exchange. sinking Fund: 1916 provides for pay- Price Range: 1928—High, 105; Low, ment of one-half that mature in 1931. 1031: 1927—High, 104; Low, 1003; 1926 Qecond sinking fund redemption of 14 —High, 101%; Low, 100: 1925—High, that mature June 1. 1951. 100%: Low, 99: 1924—High, 991%; 961%. I. MONTANA PR. TRANSMISSION CO. 30-Year 1st Mortg. 5% GOLD BONDS interest Payable: F&A, at office of sutstanding, began July 31, 1908, intrustee. creasing 13% each five years to the Trustee: U. S. Mortgage & Trust Co, maximum of 21% % for purchase or call New York. at not over 105. Registerable: As to principal. Tax Status: Company pays normal Denominations: Coupon, $500 and income tax up to 2%. $1,000. Security: First closed mortgage on Callable: At 105 on three months’ the power plant at Big Hole River, 21 notice: may be called or purchased for miles from Butte. sinking fund. Offered by: Jackson & Curtis. New Sinking Fund: Annually 1% 9% bonds York, 1909. at 97%. 5. MADISON RIVER POWER CO. 1st MORTG. 3% GOLD BONDS Interest Payable: F&A 1, at office of tax, company pays normal income tax trustee. up to 29%. 1 a ~ : 2 ” ‘ Security: First closed mortgage on eters Ti. 8. Mortgage & Tras Ce, hydro-electric plants on the Madison Regist ble: As t ncipal River. . egisterable: As to principal. Offered by: Western Trust & Savings Denominations: Coupon, $1,000. lank, Chicago, and Van Oss & Co, Callable: At 105 on any interest date Jague, Holland, and Lee, Higginson & on three months’ notice. Bonds may HulBl Parken & Burr, Boston, in also 3 yr C3 » Si i J093, a Do-00 1%, i be purchased or called for sinking Listed: On’ Amsterdam Stock Exshange. Quoted in New York, Boston and Philadelphia. Price Range: 1930—High, 100% bid; ow, 97 bid: 1928—High, 103%: Low. (01: 1927—High, 102%; Low, 1011; 1926 High, 102%: Low. 100: 1925—High, 101; low. 991, THOMSON'S MANUAL 6. HELENA GAS & EL. CO. 1st MORTG. GOLD BONDS 6% SERIES Interest Payable: J&J 1, at trustee's at 104 prior to Jan. 1, 1948; at 103 prior office. . to Jan. 1, 1949; at 102 prior to Jan. 1, Trustee: Central Hanover Bank & 1950, and at 101 prior to Jan. 1, 1951. Trust Co., New York. . v Registerable: As to principal. Seeuriiys Tost, morigese on prop-Denominations: Coupon $100, $500 erty and assels © 0 and $1,000. Price Range: 1930—High, 961% bid; Callable: At 105 prior to Jan. 1, 1947; low 92 bid. MONTANA CITIES GAS COMPANY GENERAL OFFICE: Butte, Montana. EXECUTIVE OFFICE: Minnesota Northern Power Bldg. Minneapolis, Minn. CONTROL: Acquired by Northwest States Utilities Co., May, 1930. HISTORY: Incorporated under laws of Delaware, 1927, to construct and operate a pipe line, for the purpose of purchasing, transporting and selling natural gas. PROPERTY: Main and gathering pipe lines of approximately 102 miles with capacity of about 25,000,000 cu. ft. of gas per day. OFFICERS: C. C. Yawkey, Pres.; R. M. Heskett, Vice-Pres. and Gen. Mgr.; Ben Alexander, Vice-Pres.; Ayvtch P. Woodson, Secy. CAPITALIZATION— Par Value Authorized Outstanding 1. 7% Cum. Preferred StocK.............. $100 $1,000,000 $335,000 2. Common StocK .oeeeceeeeeeeeeceeeeenee. NO Par 250,000 shs 227.500 shs All common stock held in voting trust, dated Nov. 1, 1927. INCOME ACCOUNT. Year Ending Dee. 31. 1929 Operating Revenues ........ Operating EXDeNses _.eoreioeaaaaans reeeeen-$555,642 een 275.908 TEL THCOTNG enn enmmnmmmiiiisinis o, SERS SE SR SERS remia ts wm eeenrneennnnennn- $279,635 Deductions— Interest on Funded Debto......iiimnnnans eeeaennennna-$120,859 Net Income available for Depreciation and Federal TaXes....cccocrecccerecceeeeee.. $158,776 BRALANCE SHEET. As of Dee. 31 ASSETS— 1929 Fixed Capital ...... eee eens + reeeeaenne- $2,953,233 CAS cee eeeeeeceee eeeee ememmeem—eeemeamemsemeemmenemaeesemmemasmem-mecssenesneenes 29,354 Accounts Receivable ........ eee eemeomimmeemeneenmmeaneeoean eene 65,058 Material and Supplies.............. + rmeman mann ERE ER 12,340 Prepayments oo eeeeeeceemecceaa reece acme mma e mmm eme seen em een sa noe, 1,453 Advance to Affiliated Companies... ...... ..iicociiimooreemenee. 56,500 Sinking Fund ............ eee eanen amen mm mmnmmennennn 966 ee. $3.098.904 1928 $2,872,366 95,616 48,760 15,747 256 16.916 22 110.999 TOTAL ASSETS LIABILITIES— Preferred Stock 7% Common Stock . semen, wenn men EE hrs | RAE ERIRR SS Hy Funded Debt .......... reap —————————————n an —s {SASSER Accounts Payable .... © ee eeeneeemmcemeemesemmmnesemeenenenemammseamcaes Dividends Declared .... mannan —— ERE Taxes Accrued ......... at Prem TT ————————————tsnenmmrsl § EE Interest Accrued ................ eer mmm mnaant an Miscellaneous ReESEIVES oo eeeeeeeieeeenesmmnacommaemmneeammsmnnnasmnnnnn Profit and LoSS—SUrPIUS. oie eee cena eeae emcee amen an nnnan oan TOTAL LIARILTITIES 335,000 865,038 .655,900 26,745 '1,725 3,166 19,377 2,956 168.997 ..$3.098,904 335,000 £65,037 1,797,000 25,822 26,984 20,965 "40,191 $9 110.999 FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding 1. 1st Mtge. S. F. Series A... 7% 11-1-27 11-1-37 Open $1,355,900 2. 10-Year Gold Deb............cc...... 7% 1927 1937 $300.000 $300.000 1. FIRST MORTGAGE 7% SINKING FUND GOLD BONDS, SERIES A interest Payable: M&N 1 at trustee's and at 1% less each year thereafter. office. Privilege: Holder of each $1000 bond Trustee: Chatham Phenix National entitled to purchase 15 shares common Bond & Trust Co., N.Y.; James F. Mc~ stock voting trust certificate at $5 per Namara, co-trustee. share up to and including Nov. 1, 1932, Registerable: As to principal. and at $10 per share thereafter. Pro-Denominations: Coupon $100, $500 portionate privilege on lesser denomiand $1000. nations. Callable: On any interest date on 30 Sinking Fund: Payable monthly bedavs' notice at 105 to Nov. 1. 1932. incl.. sinning Nov. 1. 1928 at annual rate of JUBLIC UTILITIES $120,000 until Nov. 1, 1929, and increas- Security: First mortgage on entire ing thereafter to the sum of $216,000 fixed properties now owned or herefor last year prior to maturity. after sequired. Tax Status: Any income or personal Offered by: Paul & Co., Philadelphia, property tax of any state refunded. . Company pays normal income tax up and Freeman, Smith & Camp Co., Portto 2%. land, Ore., Nov., 1927. 2. 10-YEAR 7% GOLD DEBENTURE Interest Payable: M&N at trustee's commecing Nov. 1, 1929, to operate office. semi-annually. Trustee: Chatham Phenix National Tax Status: Any income or personal Bank & Trust Co.,, New York. tax of state refunded. Company pays Regist ble: As to principal normal Federal income tax up to 2%. eslsterables 8 p pat. Security: A direct obligation of com-Denominations: Coupon $1,000. pany, not secured by a mortgage. v . ; Offered by: Yeager, Young & Pier-Tes on a interest date on 30 son, New York; Pearson, Echard & Co. : Boston, 1928, at par with bonus of 10 Sinking Fund: A fixed sinking fund shares of common stock with each $1000 based upon net earnings is provided, debenture. MOUNTAIN STATES POWER COMPANY GENERAL OFFICE: Albany. Ore. CONTROL: By Standard Gas & Electric Co. EXECUTIVE OFFICE: 231 So. LaSalle St., Chicago. HISTORY: Incorporated under laws of Delaware, Dec. 13, 1917, as a reorganization of the Northern Idaho & Montana Power Co. Company has since acquired property of Tacoma Gas & Fuel Co. Puget Sound Gas Co., Stayton Light & Power Co. Coast Power Co., Natrono Power Co., Douglas Light & Power Co. Libby Light & Water Co., Midwest Public Service Co. BUSINESS: Supplies 110 communities in Oregon, Washington, Idaho, Montana, Wyoming and South Dakota with electricity, gas. steam, water and telephone service. PROPERTY: Has steam and hydro-electric stations with installed capacity of 26,410 k.w.; 1,414 miles of transmission and distribution lines, 79 miles of gas mains and gas plants with daily capacity of 1.380.000 cubic feet OFFICERS: J. J. O'Brien, Pres.; C. M. Brewer, Vice Pres.: P. Sullivan, Vice Pres.; R. J. Graf, Vice Pres.; F. C. Gordon, Vice Pres.; E. J. McKay, Vice Pres.; M. A. Morrison, Secy.-Treas.; H. List, W. G. Pohl, C. H. O'Reilly ,W. L. Fitzpatrick, P. A. Lehmkuhl, J. A. Chilleen, Asst. Secy.-Treas.; Z. E. Merrill, Asst. Secy. DIRECTORS: R. J. Graf, J. H. Briggs, J. J. O'Brien, F. W. Stehr, M. A. Morrison, B. W, Lynch, C. M. Brewer. Fiscal Year Ends: Dec. 31. Annual Meeting: Mar, Sv CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized 7% Cum. Pref. Stocke..oooooooceeeeecceee. $100 $15,000,000 Common Stock _. veveeeeeeeen-NoO Par 500.000 shs L. 2 Outstanding $5,295,500 142 500 shs 1. 7% CUMULATIVE PREFERRED STOCK Provisions: Preferred as to assets and as to dividends cumulative from Jan. 1, 1918, to Jan. 1, 1920, at 59% to Jan. 1. 1922, at 6%; thereafter at 79%. Callable: On 60 days’ notice at 110. Dividends: Regular 7% annual dividend paid quarterly, Jan., Apr., July, Oct. 20, to holders of record 20th ot preceding months. Transfer Agent: Guarantv Trust Co. New York; Bank of California, N. A., Portland; Continental Illinois Bank & Trust Co., Chicago. Registrar: Continental Illinois Bank & Trust Co., Chicago; Guaranty Trust Co., New York; Title & Trust Co., Portland. Publie Offering by: Blyth & Co., Seattle, Portland and San Francisco, Mar., 1925, at 97. Number of Stockholders: 3,000 2. COMMON STOCK Ownership: Standard Gas & Electric Registrars: Continental Illinois Bank owns 88,120 Common shares. ; . ; Dividends: $1 per share per annum & Trust Co., Chicago: Guarantv Trust paid Feb, 1. 1924 to Feb. 1. 1927. Co. New Vorl THOMSON’S MANUAL COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 1928 1927 GroSS REVENUE .oooeeeeeeirnmceeeeaceencaemceeeeaanenemens $3,081,421 $2,872,006 $2,748,173 Operating EXDPense ....cmmoecscensneee— 1 RT 7 1.728.147 1,715,119 $1,033,054 171,727 © 204,781 AR2.638 2,143 7911 Net Earnings - Other Income ....... Total Income .... Interest occoeeeccceaan-Net Income before Dep. and Amort. Preferred Dividends ......... Balance ........... Depreciation ........ 04,232 D0 Balance for Amortization & Surplus... 506 Earned per share Preferred Stock*.......... 7.86 Earned per share Common StocK........... » .33 “After depreciation but before amortization. COMPARATIVE CONST LIDATED BALANCE SHEET, As of Dec. 31 ASSETS— 1929 1928 1927 Plant, Property, Rights, etc..ccceereeeee.ooe...$19.062,068 65,0 7 $21,773,060 Unamortized Debt and Discount..._.......... 585,603 ! reeemannnen [Investments ....cccocceineees a 661 2,257 Sinking Fund anaes Came 2,991 393 Prepaid Accounts _........oees eiceeinns 5,226 11,320 Insurance Unexpired ...iiiee eens 14,472 12,246 J.oss on Property. ernie i 306,086 ’ Deferred ACCOUNTS .ociiiiiiiiiiiiiiiiiiaenneees 12,111 means Collateral Cash ... .oioieiramcceecicecenannnans 101,426 300,000 Cash wanes ee eennm—————————- 210,001 294,772 Jagh oN Depof itu mms wees 241,929 2090 745 Marketable Securities iis 11,014 RE Accounts and Notes Receivable............. ,062,547 386,839 Materials and Supplies. coi din. 416,726 192.801 TOTAL ASSETS ooieeeeeeeeaenenennnnnn-$322.032,86 0 $24,073,633 LIABILITIES— Preferred Capital Stock 7% Cum. ......} Funded Debt _............. eeanan Deferred Liabilities ..o..cocooiorirmemeiaeaas Standard Gas & Electric Co. .occoemeraeeeees Accounts Payable .iiiiiinieaaeeeaes Accrued for Interest. ieee Accrued Tor TaXeR...mewivismmissmmmmmm mmm Accrued for Dividends. ...oooiiiiiimiiiianan Customers’ Deposits oocoacciei itv iiin eee Unadjusted Credits cocoons veeeees Retirement Reserve ...iiimiannene. Other Reserves ..occoccccomcieenas Common StOCK eee ctecee ame eeees TOTAL, LIABILITIES eeieneees FIUNDED 3 5,217,500 $ 4,933,600 0.302.650 11.263.400 "7R,266 19,478 3,997 239,900 2,029 316,134 1,767 399,213 1,306 86,338 7,096 197.669 0,924 — 2.498 1,273,566 nN 540 78,003 aly d 204,656 1.562.439 5.061,676 $19,403,250 $24.073.633 * Dec. 31, 1929 ue Authorized Outstanding $15,000,000 $1,443,700 $6,861,200 $10,000,000 $588,500 1. FIRST MORTGAGE 20-YEAR GOLD BONDS, SERIES A Interest Payable: J. & J. 1, at office Tax Status: Company does not pay of trustee. Federal income tax. stee: i i i . x Brin) Wiinels Rank Security: First mortgage on entire Registerable: .As to principal. property now owned or hereafter ac-Denominations: Coupons, $50, $100, quired. $500 and $1,000. Offered by: H. M. Byllesby & Co, Callable: At 105 to Jan. 1, 1933. at Chicago, and Bonbright & Co.. New 1021 thereafter York, Jan., 1918. 1. 1st Mort. Bonds, Series A... 2. 1st Mort. Bonds, Series B.... 2 Convertible Notes 2, FIRST MORTGAGE 20-YEAR GOLD BONDS, SERIES B Interest Payable: J. & J. 1, at office Denominations: Coupons, $100, $500 of trustee. - and $1,000. Trustee: Continental Illinois Bank & Callable: At 105 to Jan. 1, 1933; at Trust Co., Chicago. 1021, thereafter. Recisterable: As to principal. Sinking Fund: Have maintenance >UBLIC UTILITL. and Conn. 4 mills, Md. {41 mills and Mass 6% refunded. Security: Same as Series A. Offered by: H. M. Byllesby & Co, Tax Status: Company pays normal and Blyth & Co., June, 1923, at 951%: Federal income tax up to 2%. Penn. April, 1925, at 100; Dec., 1926, at 10214, 3. 6% CONVERTIBLE GOLD NOTES Interest Payable: M., & N. 1, at First of into preference stock on basis of National Bank, New York, or office of one share Preferred for each $190 bond trustee. » Lm Bunk & with adjusted interest. Trustee: Continenta inois Bank & Sinking Fund: 1% outstandi es Trust Co., Chicago. oo semiannually. % standing notes Registerable: As to principal. Tax Status: Penn. and Conn. ¢ mills; Le Nominations: Coupon, §100, $500 vid. 414 mills, and Mass. 6% income tax an ’ " refunded. ; rz . - Callable: To Nov. 1, 1927, at 104, Lonyfiaed Company Pag normal Fed less 1% for each two vears thereafter © . . AO to Nov. 1, 1933; at 100% to Nov. 1, 1934, § ecurity: Direct obligations of comand at par thereafter. nan), subject to first mortgage bonds. Convertible: At any time prior to Offered by: Blyth & Co... Nov., 1925 maturity or earlier redemption there- at 981% NORTHERN BRITISH COLUMBIA POWER COMPANY, Ltd. GENERAL OFFICE: Prince Rupert, B. C. EXECUTIVE OFFICE: 355 St. James St. W., Montreal, Que. CONTROL: By Power Corporation of Canada. HISTORY: Incorporated under laws of British Columbia, Sept., 1928. Organized by the Power Corporation of Canada, Ltd. to take over and develop properties listed below. BUSINESS: Manufactures and supplies electric power to Stewart and Prince Rupert, B. C.,, and through its subsidiary, the Tongass Power & Light Co., to Hvder, Alaska. PROPERTY: Company has four hydro-electric plants and one Deisel engine plant as follows: Darneys Gulch, 100 h.p. 900’ head; 3 miles from Stewart, B. C.; Portland Creek, 100 h.p., 350’ head at Stewart, B. C.; Deisel plant, 350 h.p., 4 miles from Stewart, B. C.; Shawatlan Lake, 1,600 h.p., 250° head, 7 miles from Prince Rupert, B. C.; Falls River, 6,000 h.p. initial installation 30.000 h.p. ultimate capacity, 250° head, 45 miles from Prince Rupert. SUBSIDIARY: Tongass Power & Light Co. Hyder, Alaska, operates Granite Creek plant, three miles from Hyder, with a 100 h.p. capacity. OFFICERS: A. J. Nesbitt, Pres.; Jas. B. Woodyatt, Vice Pres.; L. C. Haskell, Secy.; Chas. Johnstone, Treas.; V. J. Nixon, Asst. Secy.; T. Irving, Asst. Treas.; Wm. H. Murray, Asst. Secy.-Treas.; J. J. Little, Gen. Mgr. DIRECTORS: A. J. Nesbitt, Jas. B. Woodyatt, P. A. Thomson, H. E. Pawson, G. R. fugkizen, C. Johnstone, all of Montreal, Quebec: L. W. Patmore, Prince Rupert. B. C NORTHWEST STATES UTILITIES COMPANY GENERAL OFFICE: Minneapolis, Minn. CONTROL: ..By Minnesota Northern Power Co., Minneapolis, Minn. HISTORY: Incorporated under laws of Delaware, May, 1930, as a consolidation of Northern Natural Gas Development Co. Montana Cities Gas Co., Central Montana Utilities Co.,, Havre Natural Gas Co. and Pondera Utilities Co. BUSINESS: Operates natural gas properties in North Central Montana. PROPERTY: System consists of gas lines, natural gas wells and distributing system, CAPITALIZATIO™ 1. Preferred Stock 2. Common Stock Par Value Authorized eee $100 $5,000,000 .No Par 200.000 shs Outstanding $5,000,000 200.000 shs 6% CUMULATIVE PREFERRED STOCK Provisions: Has preference as to assets and dividends. Callable: As a whole or in part at 105. Dividends: Payable quarterly, Jan. \Apr., July and Oct. 1. Transfer Agent and Registrar: Minyo nesota Loan & Trust Co.. Minneapolis. Public Offering by: DBanc Northwest Co., First Securities Corp. of Minn.; Wells-Dickey (Co. Lane, Piper & Jafiray, Inc.,, Kalman & Co. and Justus F. Lowe Co., Inc., Minneapolis, May, 1930. at 110. 216 THOMSON'S MANUAL NORTHWEST CITIES GAS COMPANY GENERAL OFFICE: Walla Walla, Wash. CONTROLLED: By Lone Star Gas Co., Pittsburgh, Pa. HISTORY: Incorporated under laws of Delaware, Nov. 16, 1928. BUSINESS: Furnishes artificial gas to the following cities: Walla Walla and Yakima, Wash.; Astoria, Eugene and Pendleton, Ore, and Lewiston, Idaho. PROPERTY: Properties include gas holders and modern gas manufacturing plants with a daily capacity in excess of 2,200,000 cubic feet. The distribution system includes 201 miles of city mains and 11,401 consumers meters. The cities served have a population estimated in excess of 103,000 CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding -...No Par 100,000 shs 100,000 shs OFFICERS: H. C. Morris, Pres.; L. B. Denning, F. W. Crawford, T. B. Gregory, Vice Pres.; D. L. Cobb, Secy-Treas.; D. H. Hulcey, Asst. Secy-Treas.; H. G. Cornatzer, Asst. Treas.; David E. Mitchell, Asst. Secy: T. J. Uhl, Asst. Secy: L. L. Dyer, Compt. DIRECTORS: F. W. Crawford. R. A. Crawford, L. B. Denning, T. B. Gregory, H CC Morris. INCOME STATEMENT, Year Ending Dec. 31, 1929 (As filed with Department of Public Works. Olympia, Wash.) Gross Revenue ............ eer $386,522 Operating EXPENSE .iiieciiimoiaeecccecneicaesneaneanane ~ 318.367 Net Earnings -......ccccoec.... .....d 68,155 Other INCOME .iemimiemeeeieeieaenae eeeeeee 10,147 Total INCOME .usisimsumissssmsssnismss eeeea$ 78,302 Interest, Amortization, etc. cocci eeeemneeenne 129,073 c.8 50.771 Deficit for vear ......... eee eee mam an—maemememmmnemnmrmm—— BALANCE SHEET. As of Dee. 31, 1929 ASSETS LIABILITIES Accounts Payable ooo. $0 20,140 Customers’ Deposits .coeecceeeeeee. 29.076 Total Current Liabilities........§ 49,216 Taxes Accrued .ooooooceiccoomcnaennae 47,600 {nterest Accrued mena... 2,769 Due Affiliated Companies....... 364,288 Depreciation Reserve .c.....ccc...... 623,165 Misc. Reserve o.oo... remmennn 157 First Mortgage Ronds................ 1,275,000 Gold Notes ........ eee eeeee 850,000 Capital Stock _.. ceceeeee. 100,000 Surplus .oceeeeaeeee. Co eemreemas 600.121 TOTAL LIARTITI,"TIES ............$3.912.316 Cash ......... comm ———n— Accounts Receivable Securities ...... Inventories Total Current Assets............$ 183,501 Plants, etc. ..ooeoeeeee.. . .... 3,674,582 Misc. Assets eee... 148,155 TOTAL, ASSETS __.. FIITNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding 1. First Mortgage Bonds.......... 6% 1-1-29 1-1-49 Open $1,275,000 2. Gold Notes ...... 6% 1-1-29 2-1-31 $1,000,000 $850,000 i. FIRST MORTGAGE SERIAL GOLD BONDS. 6% Amount Issued: $1,357,500. Interest Payable: Jan. and July 1, at the company’s office, or agency, New York or Chicago. Trustee: Farmers Loan & Trust Co., New York. Registerable: As to principal. Denominations: Coupon, $500 and $1.000, interchangeable. Callable: As a whole or in part at any time on 30 days’ notice at 105 to Jan. 1, 1933, incl.; at 103 to Jan. 1, 1937, incl.; at 102 to Jan, 1, 1942, incl.; at 101 to Jan. 1, 1948, incl.. and at par thereafter. Additional Bonds: Mav be issued uo to 809% of value of physical property additions provided net income for 12 months preceding has been at least 13% times annual interest charges on all bonds outstanding and to be issued. Bonds may also he issued for refunding. Tax Status: Company pays normal Federal income tax up to 2% and certain state taxes refunded. Secured: By a first mortgage on all the property. Legal Opinion by: Chapman & Cutler. Offered by: P. W. Chapman & Co. eb. 1929 at 9734 PUBLIC UTILITII 3 NORTHWEST TOLL BRIDGE COMPANY GENERAL OFFICE: Walla Walla, Wash. HISTORY: Incorporated under laws of Delaware in 1922. Originally called Benton-Franklin Inter-County Bridge Co., incorporated under Washington laws June 30, 1920. Name changed June, 1928. BUSINESS: Company operates toll bridge across the Columbia river, between Pasco and Kennewick, Wash., costing approximately $490,000. Opened for traffic Oct., 1922. SUBSIDIARIES: Company controls Wauna toll bridge, which crosses Columbia river from Cascade Locks on the Oregon side to a point 2 miles west of Stevenson, Wash, OFFICERS: W. F. Crowe, Pres.; R. L. Moore, Vice Pres.; T. O. Webster, Secy.; N. T. Davis, Treas. TRUSTEES: W. F. Crowe, R. L.. Moore, B. G. Stone, A. H. Reynolds, D. F. Baker, I. G. Kelley, H. W. DeMuth. BALANCE SHEET, As of Dee. 31, 1929 RESOURCES . LIABILITIES Capital Stock .... 5% Debenture Donds 1st Mortgage Bonds 2-Year 69% Donds. Depreciation _......... Undivided Profits ............ Cash in Banke: __. Sav. & Loan Assn. ... Furn. & Fixtures....... .. Real Estate ... * Toll House ........ Bridge Structure . Wauna Bridge Co. ¢* Wauna Bdge Co. 1 eB Wauna Bridge Co. 1 &w. bus... Wauna Bridge Co. Notes..... N. W. Ferries Acct. .......... N. W. Ferries stock... Sinking Funds ... 7,582 179 1,213 557 3,680 546,238 22,190 1,000 1,500 16,950 45 2,000 10,233 1.033.367 TOTAL, ...31.033.367 TOTAL ...._ FUNDED DERT Rate Dated Due | 1st Mortg. Bonds. oe 0% 10-1-25 1930-4! » Debenture Bonds ............c... ip 1937 Two-Year Gold Bonds.......... 6% 1929 1931 Authorized $310,000 $100,000 £125.000 Outstanding $296,000 $79,000 2121.000 l. FIRST CLOSED MORTGAGE & COLLATERALLY SECURED 6% SERIAL GOLD BONDS Interest Payable: Apr. and Oct. 1, at Convertible: Into Wauna Toll Bridge trustee's office. Co. 7% First Mortgage Bonds, at any Principal Payable: Oct. 1, 1930, 310,- time at holder's option, basis par for 006; 1931 and 1932, $11,000; 1933, $12,- par. 000; 1934, $13,000; 1935, $14,000; 1936, Tax Status: Company pays 29% nor-$15,000; 1937, $16,000; 1938-39, $18,000; mal Federal income tax 1940, $20,000; 1941, $21,000; 1942, $22,- ; .. CC 000; 1943, $24,000: 1944. $25,000; 1945, Security: First mortgage on all of $60,000. company’s property and on $325,000 is-Trustee: Baker, Boyer National sue of Wauna Toll Bridge bonds. Bank, Walla Walla, Wash. Offered by: Ralph Schneelock & Co., Denominations: Coupon $1,000. Portland; J. C. Tyler & Co., San Fran-Callable: After 2 years at par. cisco. WAUNA TOLL BRIDGE CO. (Bridge of the Gods) First (Closed) Mortgage Rate Dated Due Authorized Serial Gold Bonds. eee. Ton 10-1-25 1930-45 23225 000 NORTHWESTERN ELECTRIC COMPANY GENERAL OFFICE: Public Service Bldg., Portland, Ore. HISTORY: Incorporated under laws of Washington, 1911. BUSINESS: Company supplies electric light and power in Portland. Ore.. and in Vancouver, Wash., and 10 adjacent communities, serving a population estimated at 360,000. Also conducts a steam heating business in the husiness district of Portland. PROPERTY: Owns a hydro-electric generating station on the White Salmon river about 65 miles from Portland with a capacity of 12,000 k.w., a steam generating plant with a capacity of 7,000 k.w., in the downtown business section of Portland, and a steam generating plant with a capacity of 15,500 k.w. on the Willamette river within the city limits, making a combined capacity of 34,500 k.w.; operates 255 miles of transmission lines, and 582 miles of distributing lines. Also owns undeveloped water power rights and flowage lands within a reasonable distance of Portland. OFFICERS: Guy W. Talbot, Pres.: L. T. Merwin, Vice Pres. and Gen. Mgr.; John A. Laing, Vice Pres. and Gen. Attorney; Frank Silliman, Jr., Vice Pres.; Geo. L. Myers, Asst. to the Pres.; C. W. Platt, Secy. and Treas.; J. G. Hawkins, Asst. Secy.; M. J. Wilkinson, Asst. Secy. and Asst. Treas.; B. C. Stearns, Asst. Treas. TRUSTEES: M. M. Connor, Vancouver, Wash.; Herbert Fleishhacker, San Francisco, Calif.; L. H. Hoffman. Portland. Ore.: John A. T.aing. Portland. Ore.: Guy W. Talbot, Portland. Ore THOMSON'S MANUAL OPERATING STATISTICS 1929 265.000 i. 1928 260,000 1927 355,000 26,226 593 26,819 34,500 255,766,000 228 R94 Population Served ...cooccocecoeormormmannaanaaes Number of Customers Served With: Electric Power .and Light... 29,5618 Steam Heat ............ emeereeemnaamanan 655 Total CUuStOMEerS .ooocoee ccciimimeneocceoane 30,173 Kilowatts station capacity installed... 54,500 Kilowatt-hours station output................286,5629,000 Miles elec. lines (11,000 v. & over)....... 335 Miles elec. lines (less than 11,000 v.)... 658 CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized Outstanding - $100 100,000 shs 47,160 shs . $100 20,000 shs 1,044 shs $100 100.000 shs 100,000 shs i. FIRST PRITLUV.RED 7% CUMULATIVE STOCK Provisions: Has first preference as Registrar: First National Bank, :0 assets and Sividends, Portland, Ore. Callable: ot callable. " Convertible: See 0% Preferred 1 fllis Offering bys, Qompuny, ALG Voting Bower: None, 10,000 shares at 100; Dec., 1923, 1,000 Dividends: Quarterly, Jan. April, shares at 100 July and Oct. 1, $7 per annum paid : regularly since issuance in 1915. Listed on: Portland Stock Exchange. Ex-dividend Date: Mar. 15, June 15, Price Range: } Sept. 15, Dec. 15. 1929 1928 1927 1926 1925 Transfer Agent: Security Savings High ........104% 1083% 107 104 102% & Trust Co.. Portland, Ore. Low ..........100 1033 101 1001, 9634 2. PREFERRED 6% CUMULATIVE STOCK Provisions: Has second preference July, Oct. 1; $6 per annum paid since as to assets and dividends. 1921 to date. Callable: Not callable. Ex-dividend Date: Mar. June, Sept. Convertible: Convertible ' into 7% Dec. 15. . First Preferred at the rate of 1 share Transfer Agent: Security Savings for 9-10 of a share of First Preferred. Trust Co., Portland, Ore. Voting Power: None. Registrar: First National Bank. Dividends: Paid quarterly, Jan. Apr, Portland, Ore. 3. COMMON STOCK Ownership: All but directors’ quali- Voting Power: Sole voting power. fying shares owned by American Power DNividends: Not available. & Light Co. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 1928 1927 1926 Gross Earnings from Operation............$3,632,654 $3,502,683 $3,198,333 $2,827,282 Operating Exp. incl. Taxes .ieeennnas 2.227 294 2.1RR. 794 1.805 R1 1,671,627 Net Earnings from Operation..............$1,395,260 91,54€,959 $1,155,655 Other INCOME .oeeeccceececarccsnmrannnenesenen 0.802 47,928 61,643 Total INCOME .oeeecceconan crmeanen: $1,217,298 Interest on BoONGAS..ooocioceicomemunanenes 428,558 Other Interest and Deductions.......... 99,016 BAlANCE cooooeeeeeammeeeereaasasasaeaaanaaamcnnnnn: © 689,724 Dividends on Preferred Stock... 334,236 BALANCE oooeeoeeeeeeeeeeeeeeemeeeemce oman nemmmnanmaeees 355,488 Renewal & Replacement Reserve... 200.000 BAlANICEO ooo eee eeeeaeeasmommommmmnnne <eet "653 . 155,488 Earned per share First Preferred........... nel 13.40 ——— Earned per share ComMON..ccomiaecacnannnn %.%9 Zito 2.96 ecmnccanens COMPARATIVE CONSOLIDATED RALANCE SHEET, As of Dee. 31 ASSETS— 1929 1928 Plant and Investments... eae 826.180.0800 $24.940.959 Current Assets: CASI eee eeeeeeeieeememccacsseaneemnnneessammmeee + asemessmmesesesavesns Notes and Loans Receivable....... eeeceeamnmaneem anne Accounts Receivable oii aaa eae Material and SUPPlieS...eecicecicerrraaeme anna ae Prepaid ACCOUNLS oo aeeciemaeacaacaamearam ann emmesnamamoacramnmaaans: Total Current ASSETS ieiciceicecccrearccasesmmessmcecosennas 192,327 11,367 735.896 372.757 37.866 $ 1.350.213 1,400 ar 500 1 ol “56 2 5.908 2,800 392 369 Reacquired Pref. Stock oi eee Trust Funds and Special Deposits. ........... mmm PURLIC "7 Unamortized Discount, Commission.......... Deferred Debits ........ TOTAL ASSETS LIABILITIES— First Preferred T% Stock. ieee $ Preferred, 6% Stock... ETT CE RR he Common Stock o.oo ee emeeemeememeeneenenenan nan Subscriptions to Pref. Stock... Funded Debt EER AES Current Liabilities: Dividends Declared ....... .. em ———————— Notes and Loans Payable.......omieieeeeeeeeeeeees Accounts Payable .. een Customers’ Deposits ... een Accrued Accounts Total Current Liabilities _.... Matured Interest Deferred Credits ..... Reserves Surplus .. TOTAL LIABILITIES _... 197,694 15,185 2.326 4,716,000 104,400 10,000,000 100 7.130.800 24,096 2.527,243 182.373 18,576 "{ 4K7 05909 ‘ ’ [4] 234,762 1,170 £26,564 003 4,716,000 104,400 1,000,000 200 7,130,800 84,096 1,500,056 233,611 17,59 362.192 61 "9 9 . 194 265.564.0045 FUNDED DEBT, As of Dec. 31, 1929 First Mortgage 6¢ Rate Dated Due Authorized Outstanding Gold Bonds .... ceeeneannane 6% 5-1-15 5-1-35 $10,000,000 $7,130,800 Interest Payable: May 1 and Nov. 1. issued to be used in the purchasing in Principal Payable: May 1, 1935. the open market or in redemption. Trustee: Harris Trust & Savings Tax Status: Federal income tax not Rank, Chicago. paid Registerable: As to principal. LC . Denominations: $100, $500 and $1,000. Security: First mortgage on all Callnble: On any interest date at Property. '03 and interest. Offered by: Harris Trust & Savings Sinking Fund: Annually 19% of bonds Banik. OKANOGAN-DOUGLAS INTER-COUNTY BRIDGE COMPANY GENERAL OFFICE: Wenatchee, Wash. HISTORY: Incorporated under laws of Washington. BUSINESS: Company owns and operates steel and concrete toll bridge across the Columbia river, between Brewster, in Okanogan County, Wash., and the east bank of the Columbia in Douglas County, Wash. connecting the Sunset and North Central Washington highways. FRANCHISES: Company owns fraichises for the bridge granted by an Act of Congress of the U. 8S. and by Douglas and Okanogan counties. OFFICERS: Sam R. Sumner, Pres. and Trustee; Ralph Schneelock., Vice Pres. and Trustee; W. E. Buell, Treas. and Trustee; Fred H. Furey, Asst. Secv. and Trustee: J A Seaman Trustee TRAFFIC STATISTICS: 1928 _.. 1099 Persons 17,930 4.455 CAPITALIZATION 1. Preferred Stocl 2 Common Stoel » 4 FUNDED DERT: I. 1st Mortgage Bonds 2. Class A Debentures... 3. (lass B Debentures... Interest Payable: Dec. 15 and June 15, at office of trustee. Trustee: Title and Trust Co., Portland, Ore. Denominations: $100, $500 and $1,000 {coupon bonds). Callable: By lot in whole or in part at 102 and accrued interest on 30 days’ published notice. Sinking Fund: Pavments sufficient to retire 65% of the issue by maturity. Tax Status: No deduction for nor-Trucks 6,736 6603 Motor Cars 14,796 20.844 Misc. 148 480 ‘alue "00 Authorized $200,000 $21,000 Outstanding $128,600 £21.000 red 15-27 Due £-15-2 nthorized *300,000 *00,000 100.000 Outstanding $300.000 mal Federal of 29%. Security: First closed mortgage on all the assets now owned or hereafter acquired. Legal Opinion by: Chriss A. Bell, Portland, and Hartman & Hartman, Seattle. Offered by: Joseph C. Tyler & Co, San Francisco, and Ralph Schneelock No.. Portland, July. 1928 at 100 THOMSON'S MANUAL OREGON TERMINALS COMPANY GENERAL OFFICE: Portland, Ore. } HISTORY: Incorporated under laws of Oregon, April 22, 1927. PROPERTY: Company owns approximately 101 acres of waterfront and industrial property in Portland, Ore., on which in 1927 was built a steamship terminal and 3 warehouses. Properties served by Union Pacific, Southern Pacific, Northern Pacific, Great Northern and Spokane, Portland & Seattle railroads. The first unit leased for 15 years from 1928 to Oceanic Terminals Co. at an annual rental of $175,000 . OFFICERS: J. O. Elrod, Pres.; J. H. Trimble, Vice Pres.; Jay Bowerman, Sec.-reas. . DIRECTORS: J. O. Elrod, J. H. Trimble, Jay Bowerman, C. O. Roemler, Waldo Miller, all of Portland, Ore. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Wed. in May. CAPITALIZATION Par Value Authorized Outstanding 7% Cum. Pref. Stock... cveeememme $100 $2,500,000 $2,200,000 Common Stock .. -...No Par 25,000 shs 25.000 shs FUNDED DEBT, As of Dec. 31, 1929 First Mortgage Sink. Fund Rate Dated Due Authorized Outstanding Gold Bonds, Series “A”... ..6%% 5-1-27 5-1-42 $1,500,000 $1,500,000 Interest Payable: May and Nov. 1, at Tax Status: Company pays normal trustee’s office. Federal income tax up to 2% and re-Trustee: TU. S. National Bank of funds Calif. personal property tax up Portland, Ore. to 5 mills. Registerable: As to principal. Security: First mortgage on 101 Denominations: Coupon $1,000 and acres of land and steamship terminal $500. and 3 warehouses on west bank of Wil-Callable: As a whole or in part by lamette River, Portland, Ore., appraised lot on any interest date on 30 days’ no- at $3,130,000, and further secured by tice at 103 for first 5 years; 102 for the pledge of lease. next 5 years, and 101 for the last 5 Additional Bonds: May be issued unyears. der mortgage only with consent of Sinking Fund: All rentals received Peirce, Fair & Co. to a par amount not under the terminal lease will be depos- to exceed 60% of the cost or fair value, ited monthly with trustee, who will de- of additional terminal facilities but in duct amount necessary to pay taxes and no event shall par value of additional insurance. Remainder will be used to ponds, plus those then outstanding, be pay interest and buy or call bonds for in excess of 50% of the value of all the retirement subject to establishing and property, including cost or fair value maintaining of permanent reserve fund. of that to be constructed, provided, 509% of all net rentals received in ex- however, that net earnings for 12 cess of the rental of $175,000 shall be months out of 14 months immediately paid annually to trustee for service of preceding issuance of bonds, shall be at these bonds. Any land sold under the least 13% times interest requirements mortgage may be released at 509% of on all bonds then outstanding under the sale price or a minimum payment this mortgage. Bonds may also be isto the trustee of $15,000 an acre for any sued to refund bonds of a previous seof the 68 acres east of railroad tracks, ries issued and outstanding. and $7,500 an acre for any of the 33 Offered by: Peirce, Fair & Co., Portacres west of tracks land. Ore.. May. 1927, at 100. OREGON-WASHINGTON BRIDGE COMPANY GENERAL OFFICE: Security Bank Bldg. Olympia, Wash. HISTORY: Incorporated under laws of Washington, January, 1923. BUSINESS: Operating and owning toll bridge over Columbia river between Hood River, Ore., and White Salmon, Wash. PROPERTY: Bridge 4.400 feet long. 11 concrete piers, 10 steel spans and timber approaches. OFFICERS: Ebert M. Chandler, Pres. & Treas.; Hilmar Papst, Vice Pres.; H. C. Flagg, Sec’'y; H. I. Haycox, Asst. Sec'y. DIRECTORS: Paul C. Harper and J. A. McEachern, Seattle, Wash.; Ebert M Chandler, Olympia, Wash.; D. C. Henny. Portland, Ore.; Leslie Butler and E. O Blanchard, Hood River, Ore. GENERAL COUNSEL: Cleland & Clifford, Olympia. GENERAL AUDITORS: Lybrand, Ross Bros. & Montgomery. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in July Number of Employes: Regularly, 6. CAPITALIZATION: Par Value 1. 7% Cum. Pref. StocK.uoooceeeceeeeeeeee. $100 92 Common Stock 3100 Outstanding $175,000 ¢925 000 PUBLIC UTILITIES i. 7% CUMULATIVE PREFERRED STOCK Provisions: Preferred as to 7% divi- Voting Power: No voting except dends and assets. After 7% cumulative right to nominate 2 trustees through dividends are paid, Preferred stock en- voting trust agreement of Common titled to 259% of any further disburse- stock. ment of earnings. Dividends: Accrued dividends to Convertible: At 110, after Jan. 1, July 1, 1925 paid; none since. 1930. Number of Stockholders: 375 2. COMMON STOCK Preferred stockholders two and Common stockholders three. Dividends: None. COMPARATIVE EARNINGS STATEMENT, Years Ending Dee. 31 Interest Discount $28,482 2¢ QF Year 1925 1926 ..... anna 1927 eee 1928 ees 1929 __... Deficit Gross Revenue 269,259 iL 2i* Deprec. $16,201 16,201 3,548 14,323 14,329 Net Profit $2,936 8,083 -565 1,076 4,202 _ "NDENSED BALANCE SHEET, As of Dec. 31, 19° AQQRITS PF ARYL. -T. Cash ....... Bond Sinking Fund... Depreciation Fund . Net Capital Assets. Deferred Charges .. 8,543 12,770 25,000 702,038 15.709 “ommon Stoc Preferred St. Debentures First Mortg. Fax Reserve Accrued Inter: Surplus ... TOTAL LLT* v1 25,000 “=,000 “000 200 5,€06 [EE TOTAL ASSETS . 564 0&0 , B < D) “TNDED DEBT, As of Dec. 31, 1929 Rate Dated Due First Mortgage Bonds.......... 7% 8-22-23 1926-38 Debenture Bonds .. 6% 9% 10-1-23 10-1-33 authorized $300,000 Open 1. FIRST MORTGASGE 7% SERIAL GOLD BONDS Interest Payable: March and Sept. 1 Callable: On 30 days’ notice on or at office of Wm. P. Harper & Son, Se- after Sept. 1, 1933, at 101, and at par REL, ash. , il « 1 of h thereafter. rincipal Payable: Sept. 1 of eac Sinking Fund: , One-twelfth of anyear, 1926, 39.000; 1927, $12,000: 1928, nya] requirements for interest and $15,000; 1929, $18,000; 1930, $21,000; 1931, principal to be paid monthly to trustee. and 1932, $24,000 each; 1933, $27,000; Security: First closed mortgage on 1931 to 1938, incl, $30,000 each. all assets. Warstee: aul C. Harper, Seattle, Legal Opinion by: Kerr McCord & Registrar: Wm. P. Harper & Son, Se- Ivey, Seattle, Wash, attle, Wash. Offered by: Wm. P. Harper & Son, Denominations: $100, $500. $1,000. Seattle. Wash... Sept.. 1922. at 100 Outstanding $246,000 $100.000 2. 6%% DEBENTURE BONDS interest Payable: July 1 and Jan. 1, company subject to first mortgage, at trustee's office. Company required without specific lien. More can be isto deposit 1-12 of annual .interest re- sued provided net earnings before dequirements monthly. preciation are greater than double all Trustee: ational Bank of Com- interest requirements. merce, v ” vo es tle wash, Harper & Son, Legal Opinion by: Kerr, McCord « Teattle, Wash. Ivey, Seattle. Denominations: $500 and $100. Offered by: Wm. P. Harper & Son, Callable: At 101. Seattle, Wash., Jan.. 1927, at price to Security: Assets and earnings of the vield 79 OREGON-WASHINGTON WATER SERVICE COMPANY GENERAL OFFICE: Salem, Ore. EXECUTIVE OFFICE: Hunter-Dulin Bldg., San Francisco. CONTROL: By Federal Water Service Corporation. HISTORY: Incorporated under laws of Delaware, June 6, 1927; acquired Salem (Ore.) Water, Light & Power Co., Hoquiam, (Wash.) Water Co. water properties of Skagit Improvement Co., Home Water & Ice Co.. and Portland (Ore.) Electric Power Co.. Coos Bav Water Co. THOMSON'S MANUAL BUSINESS: Company supplies water for domestic and industrial purposes to various cities and communities located in the northwest section of Oregon and in the southwest and western sections of Washington. Communities are Salem and Hillsboro, Ore.; Vancouver, Hoguiam, Burlington, Sedro-Woolley and Mount Vernon, Wash. The total population served is estimated to be 72,000. PROPERTY, Ete.: Plant and property appraised at $5,326,000, consists of land, buildings, water mains, reservoirs, pumping stations and other equipment. Prineipal water supply obtained from rivers. Average daily consumption is 13,087,000 gallons, which compares with pumping capacity of 26,400,000 gallons. Number customers served Dec. 31, 1929, 22,422. Serves 17,250 meters, 1.164 hydrants. Has facilities for storage of 26,500,000 gallons. OFFICERS: E. C. Elliott, Pres.; E .B. Walthal, Vice-Pres.; Raymond Beeny, Secy.-Treas.; H. V. Johnson, W. H. Oellerich, Asst. Secy. & Asst. Treas. DIRECTORS: E. C. Elliott, H. V. Johnson, E. B. Walthall. Fiseal Year Ends: Dec. 31. Annual Meeting: 2nd Wed. in June. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Qutstanding 1. $6 Cum. Pref. StoCK.ooeeeeeeaaaieerneen—ee NO Par 25,000 shs 7,000 shs 2. Common Stock ...... eeereeeneaNO Par 10.000 shs 10.000 shs 1. $6 CUMULATIVE PREFERRED STOCK Provisions: Has preference as to as- of $1.50 per share paid Sept. 1, 1927. sets and dividends. Regular dividends paid quarterly Mar. Callable: In whole or in part at 10F 1, etc. per share at any time on 30 days’ no Transfer Agent: Equitable Trust Co, tice. . Portland, Ore. Voting Power: One vote if 4 quarterly dividends not paid. Public Offering by: G. L. Ohrstrom Dividends: Initial quarterly dividend & Co., New York, June, 1927, at $92. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 1928 1927 605,82¢ 571,906 $ 460,869 "QR 179 T1047 154.049 231,428 988 232.416 BAlANCE ooeoieeeeeeeecraecrosmasmnmmaaneasnnae = eomn 60,730 Earned per share Preferred Stock... $14.68 . Karned per share Common StocK............. $6.07 0.27 COMPARATIVE BALANCE SHEET, As of Dec. 31 ASSETS— 1929 1928 Plant, Property —cooemeeene .$5,326,441 $5.044,935 [Investments ..ocooooioeeiiieccieanns 2,663 2,661 [VBE vcr mamas mma ERE SER ago 0 16,926 27 105 Accounts Receivable ee 58,101 147 Material and Supplies ..ocooimmeeeinens "= 549 10 Reacquired Securities, etc. ..coeneen enneen ,236 Deferred CRAYZeS aoceeccccecrmceammemmmcesasamoncnns 7" “45 TOTAL ASSETS ooooeeeeeeeeeeeaneneneeee- 35. ARB6.955 287 LIABILITIES— Capital Stock and Surplus... Funded Debt eerie = -ee Accounts Payable .......... Misc. Current Liabilitie-Taxes Accrued .......... Interest Accrued ................ Misc. Accrued Liabilities Due Affiliated Companir Deferred Liabilities .... Depreciation Reserve _.... 1927 $4.087,930 5,358 29,864 39,560 23.407 293.504 24 479.623 1,504,730 2,675,000 29.108 23.866 0.967 1248 “86 ~g 4 - 12 $5,409,289 84. 018 $1,379,358 2,300,000 9.695 7.712 49,774 9.583 4.114 75.767 4.172 639.448 $4,479,623 7’ 417 TOTAL LIABILITIES Net Working Capital... .55.6.6,955 114 7692 FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Coos Bay Water “A”. ..ccccceeeeeee. 6% 5-1-24 5-1-49 $450,000 Coos Bay Water “B".ccccccceec. 6% 6-1-26 5-1-49 First Mort. Gold Bonds........ 59% a-1-27 6-1-57 Oven Qutstanding $330,500 ¢9 258.000 1. 2. 2 PUBLIC UTILITIE: I. CO0S BAY WATER CO. FIRST MTG. SINKING FUND 6% BONDS Interest Payable: May 1 and Nov. 1 Security: These bonds are, in the at office of the trustee. npinion of counsel, secured equally with Trustee: Security Savings & Trust bonds now outstanding by a first mort-Co., Portland, Ore. gage on all properties now owned or Denominations: Coupon, $500 and hereafter acquired by the company. res At par. Legal Opinion hy: Teal, Winfree, sinking Fund: 29% annually of bonds Johnson & McCulloch, Portland, Ore. sutstanding. Offered by: Blyth, Witter & Co. Tax Status: Company pays normal (now Blyth & Co.), L.add & Tilton Bank, Federal income tax up to 2%. Portland, Ore., Jan. 1, 1926, at 98. 2, FIRST MORTGAGE 3% GOLD BONDS interest Payable: June and Dec. 1. out deduction far Rel gems tax ; . i . of New not in excess of 2%. efund of cerrages gatie Tras Co © tain Penn, Conn, Kan,, Calif. and Minn. Registerable: Ag to principal taxes not to axes’ mille. Mapyigna SC * : . tax not to exceed 4% mills, Ky. . Va. Bonominntions: $1,000 and $500. in- and D. of C. taxes not to exceed 5 mills. terchangeab * ti ¢ weeks ‘'lichigan exemption tax not to exceed aliab et ny HEY on oar Ss 3 3 mills, Va. tax not to exceed 51% mills, BoLies: 2 Sune et os ay ind Mass. income tax not to exceed 6%, 1935. at 103 holy accrued interest: there- io Tesidont Bolders pen written apbliafter to June 1. 1945 at 102 and ac- ration within 60 days after payment. crued interest; thereafter to June 1, Security: Direct first mortgage op 1956, at 101 and accrued interest; there- all physical properties. after at 100 and accrued interest. Offered by: G. L. Ohrstrom Co., June Tax Status: Interest pavable with- 1. 1927, at 94% and interest. PACIFIC COAST TERMINALS, Ltd. GENERAL OFFICE: New Westminster, B. C. HISTORY: Incorporated under laws of British Columbia, Jan. 27, 1927, and purchased Fraser River Dock & Stevedoring Co., Ltd. BUSINESS: Operates a drydock and cold storage plant, does stevedoring and conducts a public wharf and terminal. PROPERTY: The property consists of 784,080 square feet of land with a frontage of 2,280 feet on the north bank of the Fraser river, in New Westminster, improved with a steamship terminal wharf 1,050 feet long and a four-story reinforced concrete warehouse containing 188,000 square feet of storage space. DFFICERS: A. C. Flumerfelt, Pres.; J. G. Turgeon, Vice Pres.; Valentine Quinn, Vice Pres. and Gen. Mgr.; Bruce Robertson, Sec’'y; John Shaw, Asst. Treas. DIRECTORS: C. V. Cummings, Esa.,, Vancouver, B. C.; C. E. Disher, Esq., Vancouver, B. C.; A. Melville Dollar, Esq., Vancouver, B. C.: A. S. Duclos, Esq., Edmonton, Alta.; E. A. Dye, Esq.,, Vancouver, B .C.;: A. C. Flumerfelt, Esq., Victoria, B. C.; B. W. Greer, Esq.,, Vancouver, B. C.;; A. Wells Gray, Esq., New Westminster, B. C.; Thomas Harling, Esq., Montreal, P. Q.;: W. A. Kingsland. Esq., Winnipeg, Man.; Valentine Quinn, Esq., Vancouver, B. C.: Sir Stephen Lennard, Vancouver, B. C.; Capt. Joseph Mayers, New Westminster, B. C.; Sir Henry Thornton, Montreal, B Q.; J. G. Turgeon. Esq., Vancouver, B. C.;: J. J. Warren, Esq.. Toronto. Ont. CAPITALIZATION: 1. 7% Cum. Pref. Stock... 2. Common Stock __. Par Value Authorized Qutstanding $100 $200,000 $200,000 21 20 000 shs 20 000 shs TT"NDED DEBT, As of Dec. 31, 1929 Ist Mortgage 20-Year Rate Dated Due Authorized Outstanding Sink. Fund Bonds. Series A. 6149, 8-1-28 R-1-4R8 22 950 000 21 500 0600 x Interest Payable: Feb. 1 and Aug. 1 at Royal Bank of Canada, New York: Crocker First National Bank, San Francisco, or office of trustee. Trustee: Montreal Trust Co... Vancouver, B. C. Registerable: As to principal (couoon bonds). Denominations: $1,000 and $500. Callable: At any time upon 30 days’ notice at 105 and accrued interest up to and including Aug. 1, 1938, and, if redeemed thereafter, at 105 and accrued interest less 1, of 19 for each six months of expired term from Aug. 1, 1938. to the date of redemption Sinking Fund: $60,000 semi-annually, commencing Aug. 1, 1933, to be 1sed first: for the payment of interest >n the then outstanding bonds; second, or the purchase of bonds at or below ‘he redemption price, or in calling >onds by lot for payment at the relemption price. The sinking fund is r‘alculated to retire about 35% of this ssue by maturity. If any dividends ire declared on the Common stock be-‘ore the commencement of the operasion of the sinking fund on Aug. 1, 1933, an amount equal to these divilends must be paid into the sinking fund to be used onlv for the retire- THOMSON'S MAN ment of First Mortgage Bonds. Tax Status: Company pays normal U. S. Federal income tax not exceeding 2% per annum and reimburses for personal property taxes of Conn. and Penn. not exceeding 4 mills per annum; Md. not exceeding 41 mills; Calif. and D. of C. 5 mills per anum; Mass, 6% Secured: By a specific first mortgage on all the physical assets of the company and a floating charge over the remaining assets and undertaking of the company. $750,000 additional bonds may be issued up to 60% of the cost of additions to the properties of the company when net earnings shall have been not less than twice interest re-1uirements on outstanding First Mortzage Bonds including those proposed te oe issued, or in lieu thereof such additional bonds may be issued to refund Series A bonds. Legal Opinion by: Orrick, Palmer & Dahlquist, San Francisco, and E. P. Davis & Co., Vancouver, B. C.; also Robgion, Douglas & Symes. Vancouver, Offered by: E. H. Rollins & Sons, Seattle, Portland and New York, and Wm. R. Compton Co. San Francisco, Oct. 2. 1928. at 9%. PACIFIC (COYLE) NAVIGATION COMPANY, Ltd. GENERAL OFFICE: Vancouver, B. C. HISTORY: Incorporated under laws of Canada, May 27, 1926, to acquire Coyle Towing Co., Ltd., Hecate Straits Towing Co., Ltd, Pacific Tug & Barge Co. Ltd., together with a number of independently owned tugs and all the Common stock of the British Pacific Barge Co., Ltd. BUSINESS: The company does a gencral towing business. PROPERTY: Company owns 18 tugs, 13 barges, 9 scows. 2 wharfs, booming grounds, and other necessary equipment, OFFICERS: E. J. Coyle, Pres.; B. L. Johnson, Vice Pres.; G. M. Lindsay, Sec. & Treas.; H. J. Turney, Gen. Mgr.; C. F. Barker, Pur. Agt. DIRECTORS: E. J. Coyle, B. L. Johnson, R. P. Clark, N. S. Burdick, H. J. Turney, G. M. Lindsay, all of Vancouver, B. C.; A. C. Burdick, of Victoria, B. C. GENERAL COUNSEL: Mayers, Lane & Thompson, Vancouver, B. C. GENERAL AUDITORS: Price, Waterhouse Co. Fiscal Year Ends: July 31. Annual Meeting: 2nd Wed. in Sept. CAPITALIZATION, As of July 31, 1929 Par Value Authorized Outstanding 79% Cum. 1st Pref. Stock.............. $100 $1,000,000 $730,500 7% Cum. 2nd Pref. Stock............ $100 $1,000,000 $341,000 Common Stock cce.-....No Par 15.000 shs 13.961 shs 1. 7% CUMULATIVE FIRST PREFERRED STOCK from Sept. 1, 1926, to Oct. 1. 1928. None since. Transfer Agent: Royal Trust Co. Public Offering by: R. P. Clark & Co., Ltd.; J. C. Hogg & Co., Vancouver, B. C., June, 1926, at 99, with a bonus of one share of Common with every four shares Preferred. Provisions: Preference as to assets and 7% cumulative dividends. Annual sinking fund of 19% for first 5 years and 2% thereafter, to purchase or to call at not exceeding redemption price. Callable: At 110 in whole or in part plus accrued dividends. Dividends: 7% per annum, payable quarterly, Mar.. June. Sept., Dec. 1, paid 2. 7% CUMULATIVE SECOND PREFERRED STOCK Provisions: Has preference after annually, Apr. and Oct. 1, from Oct. 1 first Preferred to assets and 7% cumu- 1926. to Oct. 1, 1928. None since. lative dividends. ’ ! Dividends: 79% per annum paid semi- Transfer Agent: Royal Trust Co. COMPARATIVE INCOME STATEMENT, Years Ending July 31 1929 23.691 "28 2,618 52,000 ‘0200 1927 $ 205,656 100,000 20.000 + 85,656 64,145 8.218 $ 13,293 $11.73 10.12 1.54 Operating Profit _.... = Depreciation ...... Tncome Taxes ._... Balance . —— reean Preferred Dividends ..oocooceoeriiiiiiomiiciiccaennes Stock Redemption Reserve. oo ian 076 _f ..05 “05 Surplus for the year... Earned, per share First Preferred............... Earned, per share Second Preferred........... Earned, per share Common stock. ................. Deficit. 52 PUBLIC UTILITIES COMPARATIVE BALANCE SHEET, As of July 31 1929 1928 240 2,658 2,311 142,201 49,650 35,117 16.731 13.598 ASSETS OF: 1-1 ¢ WS Accounts Receivable eens Work in Progress... meme eemeeeenae Inventories EE Total Current AssetS.....ocoei ciriiiiiioiaan = Deferred Charges .... cee ees ERLICH 815 1=3 08 J Adv. to Subsidiary Companies.................. Equipment _.. emenaenan < nd. § 2 ..308.! 3 ,76 4 TOTAL ASSET” LIABILITIES Bank Loans ...... Accounts Payable ............ Wages Payable ................ Income Tax Reserve... 90.000 21,987 12,000 24,622 o,u98 3.379 § vh Total Current Liabilities........... ........ First Pref. Redemp. Reserve. Mortgage Payable ....... First Preferred Stock....... Second Preferred Stock......... Common Stock and Surplus..... TOTAL LIABILITIES ..... 1927 22,136 67,320 + 783 9.975 € J r. 28 £54 Ja 96,270 "50.000 1 Nn PACIFIC NORTHWEST PUBLIC SERVICE COMPANY GENERAL OFFICE: 329 Alder St. Portland, Ore. CONTROL: By Central Public Service Corporation, Chicago. HISTORY: Incorporated under laws of Oregon, June 29, 1900, as the Portland Railway Light & Power Co Name changed to Portland Electric Power Co., April 26, 1924. Control was acquired by Central Public Service Co. in 1929 and present name adopted Mar. 12, 1930. Portland Electric Power Co. originally formed in 1906 as Portland Railway, Light & Power Co. Latter company purchased all property and franchises of the Portland Railway Co., Portland General Electric Co., Oregon Water, Power & Railway Co. and all the properties of the Mt. Hood Railway & Power Co. In 1914, acquired control of Willamette Valley Southern Railway (now Willamette Railway Co.). In July, 1914, control of Yamhill Electric Co., Newberg, re. In Oct. 1923, purchased light and power distribution svstem in St. Johns, regon. Portland Electric Power Co. in 1926 acquired the water distribution svstem in Vancouver, Wash,, and vicinity; light, power and water distribution properties in Hillsboro, Ore., and vicinity, and complete electric distribution system in Oswego, Ore. In 1927, purchased Mollala Electric Co. serving Aurora, Hubbard, Donald and Barlow, Ore, and adjacent territory. In 1929 acquired Seattle Lighting Co. March 12, 1930, stockholders authorized change of name to Pacific Northwest Public Service Co. and name of Seattle Lighting Co. to Seattle Gas Co. BUSINESS: Company furnishes directly or through subsidiaries, light and power in Portland and over 75 other communities in western Oregon, conducts gas business in Seattle, Wash. ,and operates city and interurban railway lines in Portland and adjacent territory. Company and its subsidiaries serve over 170,000 electric customers and 60,000 20% Susiomors located in a territory having an estimated population in excess of PROPERTY: Company has a total electric generating capacity of 183,619 h.p., of which 109,892 h.p. is located in 6 hydro-electric plants and 73,727 h.p. in 3 reserve steam stations. The transmission system embraces over 800 miles of hightension transmission lines which interconnect the hydro-electric plants and steam stations with 18 substations located at important load centers. Railway property includes 292 miles of track, of which 190 miles comprise the city railway system in Portland and 102 miles are interurban lines. Gas manufacturing plants in Seattle have a rated capacity of 12,500,000 cubic feet per day ,and distribution is effected through 919 miles of gas mains. Company also owns 9-story fireproof building in the business center of Portland, used for its offices; an amusement park near the city and considerable land on the east side of the Willamette river valuable for terminals. FRANCHISES: Company's principal electric franchises (those in Portland, Salem and Oregon City) provide no limitation in time and contain no burdensome restrictions. Interurban lines are very largely located on private right of way owned by the company. Principal city railway franchises in Portland, which expire in 1932, grant the company preferential rights to any new franchises which may then be offered by the City. Seattle Gas Company also has sufficient gas franchises covering the entire citv of Seattle. THOMSON'S M. N=Ia OFFICERS: A. E. Peirce, Chairman of Board; Franklin T. Griffith, Pres.; O. B. Coldwell, W. H. Lines, F. S. Burroughs, A. W. Mellon, Jr., D. C. McClure, R. L. Aage, W. B. Brady, Vice Presidents; R. W. Shepherd, Secy.; W. 8S. McCollough, Treas.; W. L. MacFarland, Asst. Sec’y; E. O. Boshell, Asst. Sec’y; Phillip Dupree, Asst. Secy.; C. R. Peck, Asst. Secy.; R. W. Shepherd, Asst. Treas.; Ben H. Ely, Asst. Treas.; Peter McIntosh, Asst. Treas. } EXECUTIVE COMMITTEE: A. E. Peirce, Chairman; D. C. McClure, W. B. Brady, Franklin T. Griffith, W. H. Wilder. DIRECTORS: J. C. Ainsworth, R. L. Aage, F. 8S. Burroughs, W. B. Brady, O. B. Coldwell, Franklin T. Griffith, Joshua Green, C. N. Huggins, W. H. Lines, D. C. McClure, E. B. MacNaughton, Cassius R. Peck, Albert E. Peirce, C. F. Swigert, WwW. H. Wilder. . TRANSFER AGENTS (For all stocks): Public National Bank & Trust Co., New ork. REGISTRARS (For all stock): Chase National Bank, New York. (For special transfer agents and registrars, see details of each stock.) Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Wed. in March, OPERATING STATISTICS: Electric K. W. Hours K. W. Hours Number of Revenue Sold* Gen. Purchased Customers .... 5,034,308 254,570,335 421,155,600 82,5637 .... 5,661,243 290,916,834 476,272,500 91,450 wer eee 6,096,840 307,969,798 495,663,700 95,800 ceeeeeene. 8,666,430 351,943,905 549,922,100 100,544 iL eeeeeeeemneasennennnnaen $1,187,002 405,924,284 603,423,300 101,731 tWxclusive ~f company 11ilway and power sold under interchange agreements. CAPITALYZATION, As of Dee. 31, 1929 ar Value Authorized Outstanding 7% Prior Pref. Stock......... 100 $10,000,000 $6,460,800 6% Cum. 1st Pref. Stock........... 100 6,250,000 5,889,800 7.29% Cum. 1st Pref. StocK.oceerrencceeee. 0100 7,500,000 3,180,000 $6 Cum. 1st Pref. Stock....................No Par 200,000 shs 39,092 shs 6% Non-cum. 2nd Pref. Stock.......... 3100 $6,000,000 $5,500,000 Common Stock ~~ No Par 500.000 shs 149.587 shs 1. 7% PRIOR PREFERENCE CUMULATIVE PREFERRED STOCK Provisions: Issued in series and to preference or priority in any respect be preferred over all stocks now out- over the prior preference stock then standing, both as to assets and divi- outstanding issued without the affirmdends. In liquidation entitled to par. ative vote of a majority in amount of The stockholders have right to change the holders of the prior preference dividend rate and redemption price as stock then outstanding. to any series before issuing same. Cap- Callable: As a whole at 105 on any ital stock of company may be increased gjvidend date on 60 days’ notice. at any time and from time to time as ; allowed by law, and increases may be Dividends: Paid regularly quarterdivided into classes with such prefer- LY, Jan. 1, etc. Initial dividend paid ence as the stockholders may determine APril 1, 1922. by vote of a majority in amount of all Ex-Dividend Date: Dec. 15.etc. capital stock outstanding, provided, Transfer Agent: U. S. National Bank, however, that any increase in the prior Portland. . preference of Preferred stock must be Registrar: Title & Trust Co., Port: authorized by vote of not less than a land. majority in amount of holders of the Price Range: 1930 1929 1928 1927 same class of stock then outstanding: High eee. 101 204 106 102% provided further. that no stock having TOW eeeeeeeee 98% 96 99 971 2. 6% CUMULATIVE FIRET PIEFERRED STOCK ‘Provisions: Has second preference Oct. 1, 1921, 29% cash and 25% stock in as to assets and dividends, concurrent lieu of all accumulated dividends. Jan with 7.29% cumulative Preferred (No. 3) 2, 1922, 1% % quarterly thereafter. and $6 cumulative firet Preferred Ex-dividend Date: Dec. 17, etc. (No. 4). Transfer Agent: The Public Nat Callable: As a whole on any dividend Bank & Trust Co., New York. date on 60 days’ notice at par. Registrar: Chase National Bank. New Dividends: Paid quarterly, Jan. 1, York. etc. Initial dividend of 71%%, covering Price Range: 1929 1928 1927 1926 accumulated dividends from Jan. 1, High oo 92% 96 84 87 1916. to April 1. 1917, paid Julv 1. 1921; LOW ccecerrcerecereeeee 86 8 78 71 3. 7.2% CUMULATIVE FIRST PPTFERRED STOCK Provisions: Has second preference etc., or monthly. Initial dividend paid as to assets and dividends following Aug. 1, 1924. } prior preference (No. 1) concurrent Transfer Agent: TU. S. National Bank with 6% cumulative first Preferred (No. Portland, Ore. 2) and $6 cumulative first Preferred Registrar: Title & Trust Co., Port tNo. 4). land, Ore. 7 hola 2.475 Callable: As a whole at 102% on any Number of Stockholders: 5,270. divi ’ i Date Offered: April, 1924. dividend date on 60 days’ notice. Price Range: 1930 to June 1, high Dividends: Paid quarterly. Feb. 1. 100: low. 9814. PUBLIC UTILITlcS 27 4. $6 CUMULATIVE FIRST PREFERRED STOCK Provisions: Has second preference Dividends: Paid quarteriy, March as to assets and dividends following 1, etc. Initial dividend of $1.50 per prior preference (No. 1) concurrent share paid Dec. 1, 1926. EE ay 327 Hplative fizst Pro- Transfer Agent: TU. S. National Bank, Callable: As a whole on any divi- Fortland, Ore. dend date on 60 days’ notice at $100 per Registrar: Title & Trust Co., Portshare. land, Ore. 3S. 6% NON-CUMULATIVE SECOND PREFERRED STOCK Provisions: Has third preference as 1, 1923, and quarterly thereafter. to assets and 6% non-cumulative divi- Ex-dividend Date: Feb. 15, etc. dends following ihe 1% VLior breler. Transfer Agent: The Public Nat. Bank ange 20, vst referred issues (Nos. & Trust Co. New York. "Callable: ‘As a whole at par on any Registrar: Chase National Bank, dividend date on 60 days’ notice. New York. i Dividends: Paid quarterly, March 1. Number of Stockholders: 495. etc. Initial dividend of 1% 9 paid Dec. Date Offered: 1915. 8. COMMON STOCK Note: In 1929 number of authorized & Trust Co.,, N.Y.; Old Colony Trust shares was increased from 250,000 to Co., Boston. 500,000 shares and par value changed Registrar: The Public Nat. Bank & from $100 to no par. Common stock- Trust Co., N. Y., and First National holders were given right to subscribe Bank of Boston, Mass. to additional stock at $31.50, one new Listed on New York Curb Exchange. share for each old share. Number of Stockholders: 613. Dividends: Paid on old stock; none Price Range: 1929 1928 1927 1926 after June 1, 1914. High ccc... 100 52 33 1815 Transfer Agents: Public Natl. Bank Low ...... .ccecee.. 35 41 10 30 COMPARATIVE CONSOLIDATED B° *NC™ TIT. As of Dee. 31 1927 7©0,179,058 ASSETS— Plant, Property Securities Owned _ Treasury Stock .... Advances to Af Supplies ... Suspense Accounlic .. Sinking Fund Investmen. ....... Bills and Accounts I..ceivable. Subscriptions to stock........ Discount on Securities..............._ Prepaid Ins., Taxes, Etc............... Special Funds _.. Na qh ay . 32,0 08K 44 1 Yi aanies... 80 340,300 683,051 678,838 165,937 142,381 012,637 223,815 425,839 155.147 _5,606 185.651 _ £3,854 £3,700 +12,185 90,492 490,300 52,272 7,26 211.101 922,479 rE. R19 pata 6,29 02 - = TOTAL ASSETS L389 4 1.168.258 LIABILITIES-Preferred Stock .. enns Common Stock ........... oo. Capital Stock Subscribed.......oooooeeeoee Funded Debt _.._. Notes Payable ........... Accounts Payable .... Paving Assessments ............. Accrued Interest and Taxes... Maint, and Deprec. Reserve... Suspense Accounts .. Surplus (Earned) ........ Capital Surplus .............. Security Deposits 24,693,203 1,752,944 161,026 3,884,600 1,438,298 601,366 301,101 2,014,971 2,765,198 259.534 506,960 677,960 364,550 x9 421 711 23,438,196 11.250.000 J 0 64 498 ~9.704 t 8,469 2C7,200 TAR 44,885 £57,600 510,778 280,705 901.041 678,950 To4,841 "2 563 KE. “67 & 3 TOTAL LIABILITIES RRR 5285 R19 EN? Auk 95R BOND VALUE TABLES INTEREST TAB LES BOOKS ON FINANCE Will send on approval to any rated firm. Most complete stock in Pacific Northwest. THOMSON’S BUSINESS BOOK SERVICE THOMSON'S MANUAL COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 1928 1927 Gross Earnings eeeeeeeae atone aanmenesmnnennceeennee- $12,732,766 $12,526,247 $12,154,452 Operating EXPEeNSesS .ccceimiimmmmmmmmmane = 6,222 ©°¢ 6,061.02 5,808.793 Net Before Deprec. & Taxes... 6,345,659 Taxes and Bridge Rentals... een 1.383,889 Gross Income before Depreciation... ,961,770 Interest and Amortization.............. ~ 583.801 Net Income before Depreciation. 77,969 Dividends Accrued .oooiiiieioiinininas 47.811 930,158 750.665 179,493 23,97 10.18 9.59 1 60 BAalafiCe ccavmmmmmvecivisnmninmmmsmmmmnnnnse mia Provision for Depreciation.............. Balance Carried to Surplus........... Earned per share prior preference... Earned per share first Preferred stock .. Earned per share Second Preferred............ Earned per share Common stock... NE «79 FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Port. Gen. Elec. 1st Mort... 5% 7-1-05 7-1-35 $10,000,000 City & Sub. Con. 1st Mort..... 4% 6-1-00 - $3,000,000 Port. Ry. Co. 1st & Ref... 5% 11-1-05 ‘ $10,000,000 Port. Ry. L&P 1st Ref. ....... 5% 2-1-12 Sort. Ry. L&P 1st Ref. A...T%% 4-30-%" $75,000,000 Sort. Ry. L&P 1st Ref. B.... 6% 5-1-ort. El. Pr. 1st Ref. Cueeeeeen618% 5-1-2. Pac. N.W.P.S.Co. Debentures 6% 3-1-30 Guaranteed Bonds: Willamette Val Southern.... 69% 2-2-14 2-1-39 Outstanding $6,877,000 $1,290,000 $5,647,000 $8,510,800 $3,550,000 $11,042,900 $6,966,900 $16,000.000 $637,000 A Bil $16,000,000 £2 000.000 1. PORTLAND GEN. ELEC. CO. FIRST MTG. 3% GOLD BONDS Interest Payable: Jan. 1 and July 1, Federal income tax up to 2%. .ffice of Harris, Forbes & Co., New Security: First lien on entire proprk. erty of former Portland General Elec-Trustee: Bankers Trust Co., New tric Co., assumed by Portland Electric vork. Power Co. Provided for at maturity Registrar: Bankers Trust Co.. New by the Portland Ry. Light & Power Tork. Co. (now Pac. N. W. Public Service Co.) Registerable: As to principal. First and Refunding 5s of 1942, which Denominations: Coupon, $1,000. issue it underlies. Callable: As a whole on any interest offered by: N. W. Harris & Co., and date at 107% and accrued interest on 4 Perry, Coffin & Burr, Inc, Boston, June, weeks’ notice. 1905, at 103%. Sinking Fund: Beginning May 1, Listed on: New York Stock Ex-1915, of 1% annually of amount of change. bonds outstanding, to be used in pur- Price Range: chase of bonds at not exceeding 107% . 1930 1929 1928 1927 1926 and interest. High ..... 103 1005 10314 102% 102% Tax Status: Company pays normal Low ..... 99 921, 99 997% 993% 2. CITY & SUBURBAN RY. CO. (Now Wirst) MORTGAGE 4% GOLD BONDS Interest Payable: June 1 and Dec. 1, June 1, 1915, at par and accrued interat office of trustee. : est. o 1 Princi : Tax Status: ompany pays norma roi incipal Payables These bonds Were gpogeral income tax up to 2%. . ’ . . Security: First mortgage on railway Trustee and Registrar: Security Sav- lines serving city of Portland. Providings & Trust Co., Portland, Ore. ed for at maturity by the Portland Registerable: As to principal. Elocirly rower Co. First and Refunding 5 i . 5s of 1 » Denominations: Coupon, $1,000. Price Ranze: 1930, high. 99%: low, Callable: At anv interest date after 99. 3. PORTLAND RY. FIRST & REFUNDING MTG. 53% GOLD BONDS Interest Payable: May 1 and Nov. 1, sinking Fund: Payment after Nov. at office of Redmond & Co., New York. 1, 1920, of $60,000 annually plus 1% of Trustee: New York Trust Co., New face value of bonds outstanding in ex-York. ‘ cess of $5,982,000, to purchase bonds at Registra: Pennsylvania Co. for in- not more than 105 or to be drawn by surance of Lives and Granting Annun- lot at 105. Purchased or drawn bonds ties, Philadelphia, Pa. are to be kept alive in sinking fund and Registerable: As to principal. interest thereon added to annual Denominations: Coupon, $1,000. amount devoted to retirement of bonds. Callable: At 105 and accrued inter- \ ast on any interest date on 60 davs’ no- Tax Status: Company pays norma. jee Tederal income tax up to 2%. PUBLIC UTILITIE. Offered by: Redmond & Co., New York, Nov. 1905, at 100. Listed en: New York, Philadelphia ind Louisville Stock Exchanges. Also Portland Stock and Bond Exchange. N. Y. S. E. Price Range: 1930 1929 1928 1927 1926 High ...... 1001 98 993, 987% 96 SOW eee. 97 955 963% 9415 923 TFUNDING MTG. 5% BONDS OF 1942 Interest Payable: Feb. 1 and Aug. 1, to 19% of total bonds outstanding, inat Fidelity-Philadelphia Trust Co. Lee xluding those in sinking fund; on May Higginson & Co., Boston, and Irving l, 1927, and thereafter, 11%9%, to be Trust Co., New York; Higginson & Co., ised for purchasing bonds at not to London. axceed 105 sha Iierast nt fund . : Share : 3 Tax Status: enn. 4-mi ax refundyt TEL Philadelphia, Trust 2d. Company pays normal Federal inon to rome tax up to 2%. . Registrars: Irving Trust Co. New Security: First lien on rolling stock York; Atlantic National Bank, Boston, ind 115 miles of electric railway, steam and Fidelity-Philadelphia Trust Co, station, two water power plants and Philadelphia. .erminal lands on east bank of Willam-Registerable: $1,00, $5,000 and mul- atte river. Also first mortgage on rolltiples thereof. ‘ng stock and 23.50 miles of interurban Denominations: Coupon, $100, $500, electric railway, and a modern water 31.000; Registered $1,000, $5,000, $10,000 power plant at Bull Run. In addition, and $50,000. 1s a mortgage on the remainder of the Callable: As a whole at 105 and ac- property subject to the $14.000.000 prior crued interest on Feb. 1, 1922, or any ‘iens. interest date thereafter on 60 days’ no- Offered by: Drexel & Co. Philadeltice. phia, and Lee, Higginson & Co., New Convertible: At any time at option York, March, 1912, at 96. of holder on 10 days’ notice into capi- Listed on: New York Stock Extal stock at a price equal to amount change. paid in on such stock plus $10 per $100 Price Range: share. 1930 1929 1928 1927 1926 Sinking Fund: Cumulative sinking High ...... 1013 100 1013; 1875 9434 “und. To May 1, 1926, an amount equal Low ....... 96 9414 9% 91%; 86% 5. PORTLAND RY. L. & P. FIRST LIEN & REFUNDING 714% SERIES “A” Interest Payable: May 1 and Nov. 1, Tax Status: Penn. 4-mill tax refundat office of trustee. ed. Company payvs normal Federal inc Trustee: National City Bank, New come tax up to 29%. GL, Security: eries e-_ Regixterable: $1,000, $5,000 and mul- Se QT evs, Same as Series B and Sed ples thereat. _— 500. $1.000 mortgage on 75% of company's generoon nations: (Coupon, $500, $1,000. ating capacity. Also secured by direct allable: After May 1, 1931, on any mortgage on remainin 7 _ N . g property sub interest date on 30 days’ notice at 105 ject to prior mortgages to May 1, 1941; thereafter at 103. ’ Dp gages. Sinking Fund: One-half of 1% of all Offered by: National City Co., New honds outstanding but in no case less York, May, 1921, at 96. than $225,000 payable semi-annually Listed on: New York Stock Ex-March and Sept. 1. To be used for pur- change. chase of these bonds at not more than 107% to May 1, 1931, and thereafter at Price Range: not exceeding redemption prices. Trus- 1930 1929 1928 1927 19. tee may purchase as authorized by the High ...... 107 107% 108 1081 10834 Directors. bonds of anv series Low ........ 104% 102 107 106% 105% TEN & REFUNDING 6% SERIES “B” purchase as authorized by Directors, bonds of any series. Tax Status: Penn. 4-mill tax refunded. Company pays normal Federal income tax up to 29%. Security: Same as Series A (No. 5) and Series C bonds (No. 7), and issued under same mortgage. Offered by: National City Co. and Halsey, Stuart & Co., New York, Sept., 1922, at 96. Listed on: New York Stock Exhange, Portland Stock and Bond Exchange. Price Range: 1930 1929 1928 1927 1926 High ...... 101 1033; 1063 1043; 103 TOW _....... 9614 92 100 1001 99 THOMSON'S MANUAL 7. PORTLAND ELEC. POWER CO. FIRST LIEN & REFUND. 51% SERIES “C*» Interest Payable: May 1 and Nov. 1, 000, payable semi-annually, March and at office of trustee. . Sept., to purchase or redeem bonds or Trustee: National City Bank, New of such series as is then subject to. re-York. demption at not exceeding the redemp-,. Itegisterable: $1,000, $5,000 and mul- tion prices. riples ereof, - : Denominations: Coupon, $100, $500, Ta bc A A npg) $1,000; interchangeable. and Conn. 4-mill oD n Callable: On any interest date on 30 ol . : days notice at 105 to May 1, 1936; at Security: Same as Series A (No. 5) 104 to May 1, 1941; at 103 to May 1, and Series B (No. 6) bonds and issued 1946; at 102 to May 1, 1948. and at par under the same mortgage. thereafter. Offered by: Halsey, Stuart & Co, Sinking Fund: 9% of all bonds out- Inc. ,and National City Co. New York. standing, but in no case less than $225.- June, 1926, at 97. |. PACIFIC NORTHWEST PUBLIC SERVICE CO. 6% CONVERTIBLE GOLD DEBENTURES Interest Payable: March 1 and Sept. Bank, H. M. Byllesby & Co., Halsey, 1, at office of Harris, Forbes & Co, Stuart & Co., Inc, West & Co., Albert New York, Boston or Chicago. E. Peirce & Co. and Drumheller, Ehr-Trustee: Harris Trust & Savings lichman & White, March, 1930, at 99%. Bank, Chicago. Further Issues: Company can not Registerable: As to principal. pledge or create a lien upon any of its Denominations: Coupon, $1,000. jirectly owned assets without ratably Callable: On the first day of any securing these Debentures, provided month on 30 days’ notice at 100% to +hat this restriction shall not apply to Sept. 1, 1933; at 105 to Sept. 1, 1938; at ‘a) purchase money mortgages and 1021% to Sept. 1, 1943; at 101 to Sept. 1, iens or pledges in usual course of busi-1949, and thereafter to maturity at 100. 1ess as security for loans maturing not In each case with accrued interest. nore than one year from the date of Convertible: At option of holder in- sreation and indemnity not exceeding to 25 shares of Class A stock of Cen- yne year and renewals of any thereof, tral Public Service Corp. for each ‘b) conveyance to any present or fu-$1,000 principal amount of Debentures cure operating subsidiary of any presat any time on or after Sept. 1, 1930, snt or hereafter acquired physical and before Sept. 1, 1933. >roperties or franchises of the com-Tax Status: Company pays normal rany, (¢) making of pledges or creation Federal income tax up to 2% and Penn. of liens upon any of the properties of Con., Md. Calif.,, Mass.,, Vt. or New. iny such subsidiary, or (d) making of Hamp. taxes refunded. sledges or creation of liens either (1) Legal Opinion by: Sullivan & Crom- Inder existing mortgages pursuant to well, New York, and Cutting, Moore & sovenants therein or in order to secure Sidley, Chicago. ‘he issue of additional bonds thereun-Purpose: Proceeds from sale of these ier, or (2) under new mortgages to se-Debentures used to retire $6,935,000 of cure bonds issued to the extent of any funded debt maturing in 1930, to pur- sonds now or hereafter outstanding chase substantially all of Common inder existing mortgages and retired, stock of Seattle Lighting Company, and ~hich new mortgages may provide for for other corporate purposes. ssue of further bonds upon retirement Dffered bv: Harris Trust & Savings nf these MNebentures 5. WILLAMETTE VALLEY SOUTH. RY Interest Payable: Feb. 1 and Aug. 1, at office of company, Portland, Ore, and at First National Bank, New York, or at office of trustee. Trustee: Continental & Commercial Trust & Savings Bank, Chicago. Registerable: As to principal. Denominations: Coupon, $100, $500, 51,000. Callable: At 103 on any interest date on 60 days’ notice. Sinking Fund: 19% of outstanding ponds annually from Nov. 15, 1917, to 1923: 13% 9, from 1924 to 1931: 29, there-CO. FIRST MORTGE. 6% GOLD BONDS after, to be applied to redemption of ponds by lot on first dav of succeeding Jan. at 103. Tax Status: Company pays normal Federal income tax up to 2%. Secured: By a first mortgage on entire property of Willamette Valley Southern Ry. Co. Guaranteed as to principal and interest by Pacific N. W. Public Service Co. Offered by: E. H. Rollins & Sons, Boston, April, 1914, at 100. Listed on: Portiand Stock and Bond Tvechange. FOR THE POCKET - - - Universal Bond Values, $5.50 Standard Bond Values, $6.00 Adequate Bond Values, $6.50 Monthly Bond Values ,$75.00 ACME Bond Values, $35.00 Adequate Bond Values, $18.00 Special books on Serial Bonds, Annual Interest, Etc. THOMSON’S BUSINESS BOOK SERVICE “1 Wash FOR THE DESK - - - PUBLIC UTILITIES - v1 PACIFIC POWER & LIGHT COMPANY GENERAL OFFICE: Public Service Bldg. Portland, Ore. CONTROL: By American Power & Light Co. HISTORY: Incorporated under laws of Maine, 1910. BUSINESS: Supplies electric light and power to 123 communities in Washington, Idaho and Oregon, including 5 supplied at wholesale: and water service to 6 communities. Included in the communities served are Astoria and Pendleton, Ore.; Lewiston, Idaho, and Yakima and Walla Walla, Wash., which are supplied with electric power, light; Kennewick, Wash., which is supplied with electric light, power and water, and Prosser, Wash., and The Dalles and Hood River, Ore., which are supplied with electric light and power. Population served approximately 181,000. PROPERTY: Properties include generating plants with a capacity of 46,816 K.w., 1,633 miles of distribution lines, 1,121 miles of transmission lines, and 92 miles of water mains. FRANCHISES: Either unlimited as to time or extent for long periods. OFFICERS: S. Z. Mitchell, Chairman of Board; Guy W. Talbot, Pres.; Lewis A. McArthur, Vice Pres. & Gen. Mgr.; Edward Cookingham, Vice Pres.: Frank Silliman, Jr.,, Vice Pres.; C. W. Piatt, Sec’y and Treas.; J. G. Hawkins, Asst. Sec'y: E. P. Summerson, Asst. Sec'v; H. L. Martin, -Asst. Sec'y; John A. Laing, Vice Pres. & Gen. Attorney; A. S. Grenier, Vice Pres.; E. W. Hill, Vice Pres.; Geo. L. Myers, Asst. to Pres.; M. J. Wilkinson, Asst. Sec’y & Asst. Treas.; B. C. Stearns, Asst. Treas.; A. C. Ray, Asst. Treas.: G. J. Hickman. Asst. Treas. DIRECTORS: S. Z. Mitchell, Chairman; J. C. Ainsworth, Portland, Ore.: Edward Cookingham, Portland, Ore.; Fred S. Fogg, Tacoma, Wash.; S. S. Gordon, Astoria, Ore.; A. S. Grenier, New York; John A. Laing, Portland, Ore.: C. Hunt Lewis, Portland, Ore.; H. C. Lucas, Olympia, Wash.; Lewis A. McArthur, Portland, Ore.: S. Z. Mitchell, New York; Geo. L. Myers, Portland, Ore.; C. W. Platt, Portland, Ore.; Josiah Richards, Spokane. Wash.: Frank Silliman, Jr., New York: Guy W. Talbot, Portland, Ore OPERATING STATISTIC Population served ..... Communities served ............. Number of customers served... K. W. station capacity installed... K. W.-hours station output 12 mos... .. Miles elec. lines (11,000 volts & over).. Miles elec. lines (less than 11.000 volt. Miles of water mains........... lce plant capacity (tons) ver davs gv a TTFTION, As of Dec. 31, 1929 ’#r Value Authorized $100 70,000 shs $100 70,000 shs $100 61.000 shs PREFERRED STOCK Ex-dividend Date: Jan. 15, April 15, July 15, Oct. 15. Transfer Agent: Irving Trust Co., New York, and Security Savings & Trust ,Portland. Registrar: Brooklyn Trust Co., New York, and First National Bank, Portland, Ore. Public Offering by: Blyth & Co., $1,-215,000, Jan. 1923, at 100. Listed on: Portland Stock Exchange. Price Range: 1929, high, 105%; low, 99: 1930 to June 1, high, 106%; low, 103. 2. 7% CUMULATIVE SECOND PREFERRED STOCK Provisions: Has second preference Voting Power: None. As to assets and dividends. Dividends: Payable quarterly Feb. Callable: At 100 and dividends. May, Aug. Nov. 1; 7% per annum paid . . regularly since 1912. Convertible: At any time in 1,000- a . share lots into first Preferred at par Ex-dividend Date: Jan. 15, April 15, whenever earnings equal 21% times di- July 15, Oct. 15. vidends upon first Preferred. including Number of Stockholders: All owned that to be exchanged hv American Power & Light Co. 29 33,000 133 66,930 17,266 59,000 1,102 1,662 92 97 1928 181,000 143 2 6 0 1927 147,000 90 58,916 33.782 "11,000 748 “R88 1 (1 Outstanding 58,097 shs 1,900 shs 57.550 shs THOMSON'S MANUAL 3. COMMON STOCK Ownership: All but directors’ qual- er & Light Co. ifying shares owned by American Pow- Dividends: Not announced. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 1928 1927 Gross Earnings ...oceee-$: 55,694 $4,594,350 CE 76 TR2 Operating Exp. & Taxes... 2 427.412 2,408,325 2,19" Net Earnings een $a, € €or oaoe Other INCOME .omiciemiiamnnnns > Total Income ....oooccmneene Interest on Bonds. ............ Other Int., Deductions... Balance .cccoeeeeceomemccecmenas $e Dividends on Pref. Stock Balance .ssoommomm Depreciation Reserve Balance ....cocicececoovemmmrennan- Lat 5 Earned, per share Pfd......... 11.27 0 “40 Earned. per share com......... 4.70 2.73 .42 COMPARATIVE BALANCE SHEET, As of Dec. 31 ASSETS— 1929 1928 Plant and Investments.................. eenee.$22.501.534 $23.627.055 Current Assets: (OF: X=1 + RUPEES Notes & Loans Receivable... ............ Accounts Receivable oie Material and Supplies mee Prenaid ACCOUNTS aoe eameemmeecmecenaenans 1926 $3,751,266 1,985,709 $1,765,557 20° 197 795,684 524,814 279 R24 991,036 404 2792 586,664 250.000 236.664 1927 $93. 124.575 201,522 32,140 631,388 351,166 21.315 s+ 1,237,631 450 1,300 254,601 1,903 $24.620,360 Total Current Assets ....cocooeeeee Trust Funds & Special Deposits... - 3 Reacquired Securities ..ocrmnniinnes 200 Unamortized Bond Discount... .1,504 Deferred Debits .oovieeiiieiiemeenerneees 2006 TOTAL ASSETS ooooeeeeeeereeneneneenee-$24.284.300 LIABILITIES— Preferred StOCK -oemoeeecereesenngee ieee 5,809,700 Second Preferred Stock. ...oooceeeieececcoiooconoes 190,000 Common STOCK oeeeeeeeeeeeeeeeeeneenmannneeeeee 185,000 Stock Subscriptions .oeccocioiceiieaaes 300 Funded Debt weeooeeeeeeceeeeaaanieneeeeee 9.119.000 Current Liabilities: Notes and Loans Payable. RE — Accounts Payable .._...... mmmn Customers’ Deposits .. eee Accrued Accounte J 62 627903 ,094 1200 +052 79 $25,461,383 $ 5,809,200 190.000 5,755,000 800 9,119.000 $ 5,808,100 190,000 5,755,000 1,900 9.119.000 1.6 ,000 2,203 ,605 ‘1 266 1,556,000 190,399 203,567 657.465 ? 2.607,431 1s 704,109 430,805 $24,620,360 £107.05 Total Current Liabilit» Matured Int. Fund. Debt ____. Deferred Credits Reserves .. Qurnlne 23 Le 150,965 £09 494 TOTAL LIABILITIES ....... 1,300 Book Value Common Shares.......... 115.63 FUNDED FT IBT, As of Dec. 31, 1929 } First and Refunding Rate Dated Due . Authorized Outstanding Mortgage Gold Bonds.......... 5% 8-1-10 8§-1-30 $30,000,000 $9,119,000 Interest Payable: Feb. and Aug. 1. Offered by: White, Weld & Co., New Trustee: Chemical Bank & Trust Co, York, Feb. 1911, at 94. New York. Listed on: New York Stock Ex-Denomination: $100. change. Tax Status: 29% Federal income tax Price Range: _ paid by company. 1929 1928 1927 1926 1925 Security: First mortgage ‘on entire High ......... 1003 1013 102 101%; 100 propertv. TOW oe 97% 9934 993 993 98 PACIFIC STEAMSHIP COMPANY GENERAL OFFICE: 1519 Railroad Ave. So., Seattle, Wash. HISTORY: Incorporated under laws of Maine, 1916, consglidating several other Jem Jeluang the Pacific Coast Steamshin Co. and the Pacific-Alaska Navigation Co. HO es: Operates passenger and freight steamers in the coastwise trade ot PUBLIC UTILITIC3 the Pacific Coast, with approximately 100 ports of call, ranging from Nome, Alaska, to San Diego, Calif, including ports of British Columbia, Oregon and Washington. Company is popularly known as the Admiral Line due to its practice of naming its vessels after admirals of U. 8S. Navy. PROPERTY: Company owns 23 passenger and freight vessels for a total of 75,939 gross tons. Operates wharves at Seattle, Tacoma, Portland, San Francisco, Oakland, Wilmington, San Diego and Juneau, Alaska. SUBSIDIARIES: Pacific Steamship Terminal Co., Pacific Motorship Co. OFFICERS: H. F. Alexander, Pres.; R. Stanley Dollar, Vice Pres.: Herbert Fleishhacker, Vice Pres.; E. A. Stuart, Vice Pres.; A. F. Haines, Vice Pres.; E. H. Hall, Treas.; J. H. Cooper, Sec'y. DIRECTORS: H. F. Alexander, M. A. Arnold, W. A. Brown, R. P. Butchart, Robert Dollar, R. Stanley Dollar, Harry H. Fair, Herbert Fleischhacker, Mortimer Fleischhacker, Francis G. Frink, A. F. Haines, D. C. Jackling, E. A. Stuart, David Whitcomb. Fiseal Year Ends: Dec. 31. Annual Meeting: March. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Preferred Stock......... .......... $100 50,000 shs Stock .... sanseessnss iO PAT 50,000 shs i. 7% CUMULATIVE PARTICIPATING PREFERRED STOCK Provisions: (1) Has preference as to Participation: If in any year, junior 7% cumulative dividends and as to as- stocks receive 79% dividends, further sets in event of liquidation. (2) No dividends must be distributed equally cash dividends shall be paid on any between Preferred and junior securijunior security to this Preferred stock ties until Preferred receives an aggreunless all conditions of the company’s gate of $10 per share. first mortgage deed of trust has been Callable: At 110 and accrued divifully complied with, all dividends on lends. this Preferred stock paid in full and Voting Power: Non-voting unless the next two (2) ensuing quarterly the company shall fail to declare and Preferred stock dividends have been say four successive dividends. set aside. (3) Company shall incur no Dividends: 79% paid quarterly, Feb., indebtedness other than current bank May, Aug., Nov. 1, from May 1, 1925, to loans and present first mortgage or Nov. 1, 1929. Dividend of Feb. 1, 1930, create any senior or equal securities was passed. without written consent of two-thirds Transfer Agent: First Seattle Dexoutstanding Preferred shares. (4) No ter Horton National Bank, Seattle. additional Preferred shares may be is- Legal Opinion by: Grosscup, Morrow. sued unless net earnings equal or ex- Publie Offering by: Peirce, Fair & ceed twice annual dividend require- Co., and Geo. H. Burr, Conrad & Broom, ments of shares outstanding. Feb. 10. 1925, at 92.50. COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 ‘a9g Operating Revenue ...............cooo.oooo.... Operating Expense and Taxes... ........ Net Earnings .. Other Income ..... Total Income Interest ...ooooeeeeeoe. Depreciation, etc. ...... Net Income ..._.............. Preferred Dividends ......... ....._............. Surplus for the vear.. “Deficit 5% =388 HY CON Teg” ASSET TIVE CONSOLIDATED RALANCE SHEET, As of Dec. 31 1929 302,436 260,801 142,784 17,500 2792 228 Cash eee mete ema a en——————-Accounts Receivable _..__....._.. FHSS PAS men nee Claims Against Underwriters..." Called Bonds due Jan. 1, next vear.. EEE me Materials and Suobplies Total Current ASSets ooo 995,759 Reserve for Bond Interest and Prin... ............... 31,618 Stocks and Bonds....................... eee emt ee eee meneame 6.834 Investment in Subsidiaries... EE gs Sm wpm pnnmnenncen 0S UI RT Property FOR RUUUUPRIIURURIRRN | 3° J 1. Deferred Charges ... ee eeeteeeeaeentammemeeomeeeevaaeeannn. 601.565 TOTAL ASSETS ........ wc ff “R591 1928 106,404 358,957 126,250 33.000 272.858 ‘9 4 »0 772 1,462 480.940 12 801 297 AE THOMSON'S MANUAL LIABILITIES— Notes Payable eS Ep ERR RS nena mm nen an man SALA En ere Rete Accounts Payable i eee Dividends Payable oir veers eee Accrued Local Taxes........... em RS ITnadijusted Claims -. eevee eennnns 300,000 155,013 62,401 21.704 186,993 39,375 61,683 29 452 Total Current Liabilities... Accrued Bond Interest and Prin... Funded Debt oooiooiicrrireemmcceecem es ee smn senna 7% Preferred StoCK.....iii mi Common Stock ....ceeeeennns snnupanne ten & 48 Surplus . 617,503 301,434 4,450,000 2,250,000 1.189 390 GG 500 aEn TOR TOTAL LIABILITIES .iiiiiemeeeame mae menenes Net Working Capital. cei Book Value Common Shares _. . Cee een oan FUNDED DERT, As of Dec. 31, 1929 First Preferred Marine Equipment Mortgage Rate Dated Due Authorized Outstanding Serial Bonds .._....... B30, 1-1-25 1926-45 $15,000,000 $4,147,500 Amount Issued: $5,000,000. including Jan. 1, 1930; thereafter at Interest Payable: Jan. and July 1, at 1, % less for each full elapsed year from office of trustee, or Chase National Jan. 1, 1930, to maturity date. Bank, New York. Additional Bonds: May be issued on Principal Payable: Jan. 1 each year, approval of underwriters to extent of 1926 to 1929, incl., $125,000; 1930 and 66 2-39% of cost of additional vessels, 1931, $175,000; 1932 and 1933, $200,000; providing net earnings for 12 months 1934 and 1935, $225,000; 1936 and 1937, shall equal twice annual interest re-$250,000; 1938, $275,000; 1939 and 1940, quirements. $300,000; 1941, $325,000; 1942, $350,000; Security: Direct obligation of com-1943 to 1945, incl., $400,000. pany and first mortgage on 21 vessels Trustee: Anglo California Trust Co. owned in 1925 or future acquisitions. and Grant Cordrey. Legal Opinion by: Grosscup & Mor-Registrar: First Seattle Dexter Hor- row for the company and Peters & ton National Bank, Seattle. Powell for the underwriters. Registerable: As to principal. Offered by: Peirce, Fair & Co., Geo. Denominations: Coupon bonds of H. Burr, Conrad & Broom, Anglo-Cali-$51,000 and $500. fornia Trust Co. Anglo-London-Paris Callable: As a whole or in part on Co., and A. B. Leach & Co. Inc, Jan. 30 days’ notice at 105 and accrued in- 26, 1925, at price ranging from 101.50 terest on anv interest date up to and for first maturity to 97.25 for final. > $01,327 579.966 9% 65 THE PACIFIC TELEPHONE & TELEGRAPH CO. GENERAL OFFICE: 140 New Montgomery St., San Francisco, Calif BRANCH OFFICES: Portland, Ore. and Seattle, Wash. CONTROL: By American Telephone & Telegraph Co., New York. HISTORY: Incorporated under laws of California, Dec. 31, 1906, as successor to Pacific States Telephone & Telegraph Co. and Sunset Telephone Co. BUSINESS: Company owns or controls entire Bell Telephone business on the Pacific Coast, operating in California, Oregon, Washington, Nevada and Idaho and connecting with through trunk lines to New York and other points in United States and also to points in Europe, Mexico, Canada and Cuba. PROPERTY: Company owns a large amount of real estate and rights of way over private property in different states, as well as franchises in practically all of the larger cities in which it operates. and in over 200 smaller municipalities. SUBSIDIARIES: As of Dec. 31, 1920 Name of Company Stock Owned Par Value Home Tel. & Tel. Co. of Spokane............... 00% Common $1,250,000 Home Tel. & Tel. Co. of So. Oreeson 3.57% Common 225,810 Bell Tel. Co: of Nevada. .009% Common 1,500,000 Southern Calif. Tel. Co. .......... 009% Common 75,000,000 U. S. Long Distance Tel. & ~ 100, Preferred 500,000 U. S. Long Distance Tel & T- ‘09, Common 2,500,000 Home Tel. & Tel. of Pasadena. *- 09% Common 7,345,800 Northern Calif. Tel. Co. .... .049; Common 190,000 Consolidated Utilities Co. ... 009% Common 80,590 Cosolidated Utilities Co........ — 62 9% Preferred 10,300 Corona Home Tel. & Tel. (9. in 0 omen 100% Common 42,417 Santa Barbara Tel. Co. .... - 100% Preferred 500,000 Santa Barbara Tel. Co. .............. ce. 19.1459 Common 38,900 OFFICERS: H. D. Pillsbury, Pres.; N. R. Powley, Vice Pres.; J .T. Shaw, Vice Pres.: F. J. Reagan, Vice Pres.; B. C, Carroll, Vice Pres.; C. E. Fleager, Vice Pres.; Omar Spencer, Vice Pres.; E. S. Pillsbury, Chief Counsel; Alfred Sutro, Gen. Attorney; J. F. Dix, Gen. Mgr. Wash., Ore. and Idaho; C. S. Casassa, Vice Pres. and Jen. Mgr.; Geo. J. Petty, Vice Pres. and Treas.; Ww. J. Phillips, Sec’y; F. N. Rush, Gen. Mer. So. Calif.: J. H. Corcoran, Gen. Mgr. No. Calif. and Nevada area. PUBLIC UTILIT. Ty DIRECTORS: J. C. Ainsworth, Ralph J. Cebrian, Allan J. Chickering, C. P. Cooper, Wm. H. Crocker, W. 8S. Gifford, Geo. D. Greenwood, Timothy Hopkins, Samuel Hubbard, Frank B. King, Walter S. Martin, Atholl McBean, Charles McIntosh, Henry D. Nichols, H. D. Pillsbury, N. R. Prowley, 0. J. Woodward. GENERAL AUDITORS: F. H. Richards (auditor of Am. Tel. & Tel. Co.). Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Thurs. in March. Number of Employes: 33,893. EFEARNINGS— 2% 928 FL 1926 - 19: — Gross Revenue .....£101,502,886 "1,535,938 2,689,337 5,187,364 37,681,756 "£60,649 , 55,656 Gg F77 RK Total Income -4 Jat) id Interest Times Earned D7 Net Income $15,623,616 14,992,561 11,576,396 10,104,229 8,802,350 4,500,867 3,639,574 3.800,152 TR eT J” ATION, As of Dee. 31, 1929 Par Value Authorized Outstanding 1. Preferred 69% Cum. .. $100 $82,000,000 $82,000,000 2. Common Stock .. eee... $100 $180,500,000 *$93,000,000 *Not including $87,500,000 offered to stockholders Feb. 20, 1930, at 100, in ratio of 1 share for everv 2 held 1. 6% CUMULATIVE Provisions: Preferred as to assets and dividends over Common stock. In case of liquidation is entitled to 100 and accrued dividends. Callable: Non-callable. Voting Power: Equal voting power with Common. Dividends: Have been paid regularly each quarter since issuance July 15, 1919. Dividends paid Jan. 1, etc. to stock of record about Dec. 31. Transfer Agent: Company's office, PREFERRED STOCK San Francisco; Bankers Trust Co., New York . Registrar: American Trust Co, San Francisco; Guaranty Trust Co., New York. Number of Stockholders: Am. Tel. & Tel. Co. owns $64,042,700. Listed on: San Francisco, Los Angeles and New York Stock Exchanges. Price Range: 1929 1927 4 High ....1391% 1251 4 Low ...114% 114 2. COMMON STOCK Ownership: American Tel. & Tel. Co. 1% % was paid and since Sept., 1925, owns approximately 859%. 1% % has been paid each quarter to Subscription Rights: Preferred and March 31, 1930. Common holders of record April 15, Ex-dividend Date: M., J., S. & Dec. 1924, had right to subscribe to $25,- 20. 000.000 6% Preferred at $87.50 per Transfer Agent: Company's office, share on basis 1 new share for each 3 5an Francisco, or Bankers Trust Co. shares Preferred or Common held. Ad- New York ' ’ ditional rights offered in 1925 and 1927 : . to subscribe for additional stock at Registrar: American Trust Co, San par. Francisco; Guaranty Trust Co., New On Feb. 20, 1930, stockholders offered York. right to subscribe to one additional Listed on: San Francisco, Los Anshare at $100 for every two shares held. geles and New York Stock Exchanges. Voting Power: Equal voting power Price Range: with 6% Preferred. 1929 1928 1927 1926 1925 1924 Dividends: Initial dividend 119% High .... 218 169 162 135 118 95 was paid Mav 29, 1925. In. June, 1925. Low ..__ 140 145 124 116 91 94 COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 1929 E02 © "¢ wp (Gross Revenue .... Operating Expense . Net Operating venue Dther Income ._.. Total Income .._.........ooooo Interest. Amortization. etc. Net Income ......_..._............ dma — Preferred Dividends ...................... Common Dividends ...._. Surplus for the Year... Flarned, per share Preferred stock. Earned. per share Common stock... i . y 10 NNN 7 236 THOMSON'S MANUAL COMPARATIVE CONSOLIDATED BALANCE SHEET, As of ASSETS— 1929 1928 1927 1926 Intangibles oo 1,998,020 $ 1,968,938 $ 2,628,327 } 2,603,636 Land & Buildings.....ccccceceeceeee 38,974,236 35,581,700 34,280,301 31,250,359 Plant and Equipment... .... 324,169,652 288,800,912 266,370,135 246,293,621 General Equipment oo ...ooiieeees 9,308,803 7,270,263 6,251,645 5,771,145 Construction in Progress............ 8,997,931 4,955,474 3,256,308 3,783,582 Permanent Investments ..... 13,500,306 15.005.510 15.733.9561 12,869,881 Current Assets: Cash and Deposits.......... -. Bills Receivable .............. Cee Accounts Receivable . Materials and Supplies... Total Current Assets..........§ Accrued Interest oo... Sinking Fund .cooeeeeee Prepayments ...oooceceeceomeeaaaes Unamort. Debt Discount... ..... Unex. Disc. on Cap. Stock....... Other Deferred Items. ............... TOTAL ASSETS .covieiieena-$423,344.169 $379.609.655 , LIABILITIES— Common StOCK aeereeerrccceeeecccceeeean® Preferred Stock occ. amie Funded Debt cians Real Estate Mortgages............. Advance to System CoO.S.co..... NOLES ceoooiemmmmcocecmmccescmmcmnn en nennaonnan Current Liabilities: Accounts Payable in 5,212,237 Accrued Liabilities ..ocoooieeiienis 5,214,428 Deferred Credits .ooccooiiiimmmcaeee 1,874,937 Depreciation Reserve .............. 47,059,115 Amortization Reserve .............. 177,750 Corporate Surplus cocoons 3,735,936 TOTAL LIABILITIES .......$423,344,169 $279 609.655 $351.605.469 $324.411,805 FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding 501, 1-2-07 1-7 $35,000,000 $28,659,000 © 5-1-22 r © #5,000,000 $25,000,000 7-1-05 5,000,000 $273,000 E-15-06 5,000,000 $2,999,900 ¢ 12-31-02 2,500,000 $808,000 .% 7-1-05 $5,000,000 $273,000 . 7-1-45 $12.000.000 $5,989,000 i. 1st MTGE. & COLL TERAL TRUST 5% SINKING FUND 30-YR. GOLD BONDS Interest Payable: Jan. and July 2, Tax Status: 29% Federal income tax at office of trustee or U. S. Mortgage & paid by company. Trust Co., New York. Security: os lien oy property, and : . system in alifornia, regon, aho, pl uites American Trust Co. San Nevada and Washington. oo Offered: $3,000,000 at 102% in Jan, Registrar: Guaranty Trust Co., New 1907: $16,500,000 at 951% in March, York, and American Trust Co., San 1909, by J. P Morgan & Co., Kidder, Francisco. Peabody & Co. and in 1910 by Bond & Registerable: As to principal or Goodwin and N. W. Harris, New York.; Fully registered. - $2,000,000 au 99 in oi by Bond 000 Den i ions: i win and arris, Forbes, and $9, , SLE oo S50 i registered oJ 981, in 1914 by Lee Higginson Co. ’ RN ’ Listed on: San Francisco, Los Anante: On or after Jan. 2, 1922, at geles and New York Stock Exchanges 110. * Price Range: Sinking Fund: Beginning 1912 5-8 of 1929 1928 1927 1926 1925 1924 1% of outstanding bonds, calculated to High ....103% 105 104% 10255 102 100 retire 309% at maturity. Low ....991 10214 101% 101 99% 96 2. REFUNDING MORTGAGE 5% GOLD BONDS, SERIES A Interest Payable: May and Nov. 1, at Nov. 1, 1951. trustee's office. Sinking Fund: Provision made to Trustee and Registrar: Bank of Cal- pay trustee $125,000 semi-annually, beifornia, N. A., San Francisco. ginning Nov. 1, 1922, to be applied to Registerable: As to principal. purchase of bonds at 100 or better. If Denominations: Coupon. $100. 3500 not obtainable then credited on next and $1,000. snsuing installment in reduction of Callable: In whole, but not in part, amount then payable. on 60 days’ notice on May 1, 1932, or on Tax Status: Company does not pay any interest date thereafter on or prior Federal income tax. to May 1, 1942, at 107%; on or prior Security: Mortgage covering all real fo Mav 1. 1949. at 105. and at par to estate and securities now owned and PUBLIC UTILITIL, hereafter acquired. Listed on: Los Angeles, San Fran-Offered by: J. P. Morgan & Co., Kid- cisco and New York Stock Exchanges. der, Peabody & Co., Kuhn, Loeb & Co., Price Range 1929 1928 1927 1926 1925 First National Bank, Bankers Trust High ............105% 105 10634 1021 100% Co., Lee, Higginson & Co., New York. Low ...........1007% 10214 1011, 987% 921% 3. HOME LONG DIS, TEL. CO. 1st MORT. 5% SINK. FUND 20-YR. GOLD BONDS Interest Payable: Jan. and July 2, at Tax Status: Company pays Federal office of company or National City income tax up to 2%. Bank, New York. Security: First closed mortgage on Trustee and Registrar: Anglo-Cali- plants formerly constituting the indefornia Trust Co. San Francisco. pendent telephone system in San Registerable: As to principal. K'rancisco, Berkeley and Oakland. Denominations: Coupon, $1,000, reg- Other Details: Assumed by Pacific istered $1,000. Tel. & Tel. Co.,, which formerly guar-Callable: As a whole or in part at anteed principal and interest of bonds. 105 on any interest date. Offered by: Harris, Forbes, Harris Sinking Fund: 1916 to 1918, $50,000 Trust & Savings Bank, Chicago, and annually; 1919, $75,000; 1920 and 1921, White, Wild & Co., New York, 1914, at $100,000 annually; 1922 and 1923, $125,- orice to yield 5.409%. 000 annually; 1924 to 1931, $150,000 an- Listed: Quoted in unlisted dept of San nually, to be invested in bonds at not Francisco Stock & Bond Exchange. over 105; bonds to be kept alive and Price Range: 1929, high, 100; low, interest added to fund. 37. 4. HOME T&T CO. OF SPOKANE 1ST MORT. 5% SINK. FD. 30-YR. GOLD BDS. interest Payable: May and Nov. 15, Tax Status: Company does not pay at company’s office in Spokane, Nation- Federal income tax. al City Bank, New York, or trustee's Security: First closed mortgage on office. mart of the property of Home Tel & Principal Payable: May 15, 1936. Fel. Co., Spokane, and second mort-Trustee and Registrar: Title Insur- rage on the remainder. The latter beance Co., Los Angeles. ng subject to Pacific Tel. & Tel. Co.'s Registerable: As to principal. ‘irst Collateral mortgage of 1935. Denominations: Coupon $100, $500, Offered by: Charles D. Barrey & Co. $1,000. and Rutter & Co., March, 1921, at 79%. Callable: At 105 on any interest Listed on: San Francisco Stock Exdate. change. Sinking Fund: Annually not less rrice Range: than 109% of net earnings to be used 1929 1928 1927 1926 1925 for purchase or redemption at not ex- High - 99 991, 993; 9814 99 ceeding call price. Low ... .-Bid Bid 993 Sale 961; 5. HOME T&T CO. OF LOS ANGELES 1ST MORT. &°, SINK. FD. GOLD BONDS Interest Payable: Jan. and July 1, may agree Lo. at Guaranty Trust Co., New York. Security: First mortgage on entire Trustee and Registrar: Title Insur- Los Angeles property. Assumed by Paance & Trust Co. Los Angeles. cific Telephone & Telegraph Co. Registerable: As to principal. Offered by: Merchants Trust Co., Los Denominations: Coupon, $1,000. Angeles, July, 1906, at 96. Callable: Not subject to call, Quoted: On Los Angeles Stock Ex-Sinking Fund: Provides for annual change. retirement of 29% of bonds outstanding Price Range: 1929, 101 bid; 1928. at 105, or higher price that company 100% bid. 6. HOME T&T CO. OF LOS ANGELES 1ST REF. MORT. 85% GOLD BONDS Interest Payable: Jan. and July 1, entire property of the former Home at office of trustee and Guaranty Trust Tel. & Tel. Co. of Los Angeles. Co., New York. Registerable: As to principal. Trustee and Registrar: Title Insur- Denominations: Coupon $1,000. ance & Trust Co. Los Angeles. Callable: On any interest date at Sinking Fund: 29% of outstanding 105 on 3 months’ notice. bonds, to be used for their purchase Other Details: Assumed by Southern at 105 or such higher price as company California Tel. Co. may agree to. Offered by: Adams & Co. Los An-Tax Status: Company does not pay geles, 1912, at 8214. Federal income tax. Quoted: On Los Angeles Stock Ex-Security: Second mortgage on the ~hange. 7. SOUTHERN CALIFORNIA TEL. CO. FIRST & REFUNDING 5s Interest Payable: May and Nov. 1, Additional bonds may be issued only at Dankers Trust Co., New York. for 75% of capital expenditures made Trustee and Registrar: Security subsequent to indenture. First National Bank, Los Angeles. Guarantee: Guaranteed principal and Registerable: As to principal. nterest by indorsement by Pacific Tel. Denominations: Coupon $1,000. & Tel. Co. Callable: On the interest date on 8 Offered by: Blythe & Co. San Franweeks notice at 105. ‘isco; Equitable Trust Co., New York, Sinking Fund: Annually consisting and Merril Oldham Co., Boston, Jan.. of an amount equal to 29% of all bonds 1919, at 91. issued and outstanding. Quoted: On Los Angeles Stock Ex-Tax Status: Company does not pay *hange. Federal income tax. Price Range: Security: First mortgage on about 1929 1928 1927 1926 1925 of the property of the company and High .......... 102 103% 101% 101 987% bv general mortgage on the balance. [4OW eeeeeceeeeeee. 95 1031% 1003: 983% 941 238 THOMSON'S MANUAL PORTLAND GAS & COKE COMPANY GENERAL OFFICE: Public Service Bldg., Portland, Ore CONTROL: By American Power & Light Co. HISTORY: Incorporated under laws of Oregon, in 1910, as successor of the Portland Gas Co. and the East Portland Gas Light Co. In 1924 acquired the gas property of the Pacific Power & Light Co., in Vancouver, Wash. Controls through stock ownership Northwest Gas and Electric Equipment Co. BUSINESS: Supplies gas without competition in Vancouver, Wash; Portland and Oregon City, Ore, and in 20 other communities in Oregon in the vicinity ot Portland, serving a population of about 400,000. Gas works have a daily generating capacity of 29,000,000 cu. ft. and a gas holder capacity of 11,339,000 cu. ft. Franchises in Portland are unlimited as to time: franchise in Oregon City extends to 1939. OFFICERS: C. F. Adams, Chairman; Guy W. Talbott, Pres.; Hilmar M. Papst, Vice-Pres. and Gen, Mgr.; E. W. Hill, Vice-Pres.; A. S. Grenier, Vice-Pres.; C. W. Platt, Secy. and Treas.; M. J. Wilkinson, Asst. Secy. and Asst. Treas; J. G. Hawkins, Asst. Secy.; H. L. Martin, Asst. Secy.; John A. Laing, Vice-Pres. and Gen. Atty.; Frank Silliman, Jr, Vice-Pres.; Geo. L. Myers, Asst. to the Pres.; G. J. Hickman, Asst. Treas.; E. P. Summerson, Asst. Sec’y.; A. C. Rays, Asst. Treas. DIRECTORS: C. F. Adams, H. L. Corbett, D. T. Honeymon, ‘John A. Laing, C. W Platt, D. C. O'Reilly, R. L. Sabin, Guy W. Talbot, all of Portland, Oregon: E. W dill, S. Z. Mitchell, Frank Silliman, Jr., New York. 1929 130,000 65 92,056 29,120 11,452 235,926 1 865 1927 392,000 23 91,790 29,000 11,339 4,362,441 1 ARK Population Served ........ Communities Served .............. Manufactured Gas Custom~ s Gas Works Capacity (M cubic Gas Holder Capacity (M cubic li. }eeeees Gas Sendout (M cubic ft.) for 12 mo... Miles of Gas Mains eeanne CAP'TALIZATION, As of Dec. 31, 1929 Par Value Authorized Qutstanding 1. 7%Preferred Stock iiiiiiiiiiinnnne: $100 60,000 shs 54,580 shs 9. Common Stock .. .......No Par 330,000 shs 330.000 shs tl. 7% CUMULATIVE PREFERRED STOCK Provisions: Has preference as to as- Transfer Agent: Irving Trust Co, N. sets and dividends. Y.: Security Saving & Tr, Portland, Callable: At 115 and dividends on Ore. any dividend date. Registrar: Brooklyn Trust Co, N.Y, Voting Power: Has equal voting pow- and First Natl. Bank, Portland, Ore. er with common. Public Offering by: Low, Dixon & Dividends: Paid quarterly, Feb. May, Co., N.Y., Aug. 1913, at 102, Aug. & Nov. 1st. Initial dividend paid Listed on: Portland Stock Exchange. May, 1910, since continued. Price Range: 1929—High, 109; Low, Ex-Dividend Date: Jan., April, July 104; 1930 to June, 1911—High, 1073. and Oct. 15th. Low, 105%. 2. COMMON STOCK . Ownership: All but directors qualify- Voting Power: Has equal vote with ing shares owned by American Power preferred. & Light Co Dividends: Not available. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 1928 1927 1926 Gross Earnings eeeeeeeeeeeaa $4,519,212 r ARE 06 14,492,156 $4,191,150 Operating Exp. and Taxes 2 908 K28 apr ¢ g 027.023 2,744,017 Net Earnings ........ $1,447,133 Other Income ..oeiaees 3.099 Total Income ....... 1,477,232 Interest on Bonds.......... 425,750 Other Int. & Deductions 210.544 331,938 270.012 152,926 200 000 252,926 Balance -ueeeeeeceeeeeee-$. 285,678 Earned, per share Preferred $16.00 Barned per share Common... 1.48 © 404 60 1 98 PUBLIC UTILITIES COMPARATIVE CONSOLIDATED BALANCE SHEET, As ¢~ ASSETS— 1929 1928 Plant and Investments..........................$22 688,680 $21,678,094 Current Assets: OF: 1°) + FN emo eeate eet eem een Notes and Loans r.eceivable...__.. Accounts Receivable oo... Material and Supplies.......... _.__..... Prepaid Accounts .. 8,120 2,671 b 208 ~,007 16.854 661,762 453 £90,099 374,601 $2,170 2a 1927 $21,283,007 74.674 817 “€2,958 23,505 23.656 Total Current Assets Reacquired Securities ..... Trust Funds & Spec. Deposits... Unamortized Bond Discount..... Deferred Debits ._. TOTAL ASSETS . ..... LIABILITIES-Capital Stock® ......... ooo. _. cmreeeeeee.-- $11,458,300 Subscriptions to Preferred Stock........... ooo Funded Debt o.oo “9,045,000 Current Liabilities: Notes and L.oans Payable........ Accounts Payable ........... Customers’ Deposits .. Accrued Accounts 223,000 322,319 £1,822 567.8201 Total Current Llisbilitic Accrued Interest Deferred Credits .... Reserves ...... Surplus ..... TOTAL LIABILITIES CTOINDFE™ og 1. First & Refg. Mortge-2. First Lien & Gen. Mug... 3. Port. Gas Co. 1st Mtg... 1 = 5 y~-1=-01 +g ~ L} (te i “hn 8,450,200 7,700 8,095,000 “ 5,800 © 246 394 {1.652 949 ’ coh. Wh w3,500,bc 1 Jee. 31, 1929 Due Authorized Outstanding 1-40 $15,000,000 $6,674,000 1-40 Open Mtg. $3.000,000 %-1-51 $750.000 $371.000 i. FIRST & REFUNDING MORTGAGE 5% BONDS Interest Payable: Jan. 1 and July 1. Security: First mortgage on entire Trustee: Chemical Bank & Trust Co., property subject only to Portland Gas ‘Tew York. Lo Co. first 5s. Petrantes Jas to Doineipal, Offered by: N. W. Harris & Co. Callable: 110 on any interest date. 1910, at 100. TE us 8% of total amount Listed: On Portland Stock Exchange. S1¢ Tax Status: 29 Federal income tax Price Range: 1929, high and low, paid. 9914; 1930 to June 1, high, 100; low, 99. 2, FIRST LIEN AND GENERAL MORTGAGE BONDS interest Payable: Jan. and July 1. less 14% each Feb. thereafter to Feb. Principal Payable: Jan. 1, 1940. 1, 1937; at 100 thereafter to Feb., 1938. Trustee: Bankers Trust Co., N.Y. Security: General mortgage on en-Registerable: As to principal. tire property. Denomination: $1,000. Offered by: Harris, Forbes & Co., Callable: At 1021, on Feb. 1. 1928. Jan., 1928, at 973;. 3. PORTLAND GAS CO. FIRST MORTGAGE 5% BONDS Interest Payable: Feb. 1 and Aug. 1. Denomination: $1,000. Trustee: Security Savings & Trust Callable: Not callable: 'n., Portland, Ore. Security: First mortgage on all the Registerable: As to principal, property formerly owned bv company BOND VALUE TABLES INTEREST TABLES BOOKS ON FINANCE Will send on approval to any rated firm. Most complete stock in Pacific Northwest. THOMSON’S BUSINESS BOOK SERVICE Seattle Waeh _THOMSON'S MANUAL _ PORT OF GRAYS HARBOR Grays Harbor, Washington COMPARATIVE INCOME ACCOUNT, Years Ending Dec. 31 “29 1928 1927 $02,957 118.959 $ 116,374 ~11,975 91,365 221,325 ~54 3,084 . 340,783 103,627 237,156 39,719 197,437 22,672 . 174,865 Operating Revenue o.oo Revenue from Taxes -....... i Other Income oc. ooo cooceicne-Gros Revenue ........ ... Operating Expense ............. Net Revenue co. Interest Charges ...ccocoecoeeees Balance before Depreciation. Depreciation cee mmnaereneaee Net Profit and LOSS ummm BONDS OF" Purpose Dated Construction........ 1920 Ju Construction........ 1921 Ju’, Construction........ 1921 Sept. tan. 33, 1929 Issued Outstand. $200,000 $200,000 200,000 200,000 200.000 60,000 Total.eeeeeecenennaan- $600,000 $460,000 Principal and interest payable at Countv Treasurer's office, Montesano, Wash. THE PORT OF PORTLAND COMMISSION GENERAL OFFICE: 916 Spalding Bldg., Portland, Ore. HISTORY: The Port of Portland was created by an Act of the Oregon Legislature in 1891, its purpose at that time being limited to the creating and maintaining of a channel in the harbor at Portland and in the Columbia and Willamette rivers below Portland of such depth and width as would accommodate shipping of the port. The original Act was amended and revised at various times so as to greatly enlarge the powers of the Port of Portland, and to enable it to adequately finance its operations through the issuance of general obligation bonds. The assessed valuation of the port district is over 979% of the whole of Multnomah County and its area covers practically the whole county. COMPARATIVE INCOME Af” 2AM. Years Ending Be 31 - a) | 1927 $ 386,215 887,876 70,428 14,519 27.830 776,689 210,210 566,479 277,035 $ 289,444 Operating Revenue ........ Revenue from Taxes... Other Income ........ LL Gross Revenue ...... Operating EXpense .......-...... Net Revenue o.oo... —ceecoeemmees [Interest ChArges .ccocooocrcemsmmemnsmemnenes Balance before Depreciation............ Depreciation einen nano Net Profit .ooeeeeeeoo.. eeaeaenmee 476,389 BALANCE SHERT. As of Nov. 30, 1929 ASSETS LIABILITIES Accounts Payable need 12,896 PAYTOIS ceerimmnnaaaae cemmenanssomsnnoninens 17,024 Votes Payable .omermomomenan 133,000 Accrued Interest —coooceieinoonens 82,064 Other Liabilities ....ccccccceceimmmeemees 50,172 runded Debt .oooienenaeeneees 4,384,000 RESET VES eoemeemcemmememsmmmnmnmnmsmmmnmmnssnsss 666,968 QUIDLUS ceeemerrmmmmmeeaseammmmrnssanmnanmress=s 4,514,800 TOTAL LIABILITIES ..........$9.860.925 DIN. M- = 21, 1930 * € Cash, General ........ een 49,111 Cash, Special ......... mmm 5,763 Sinking Fund ........ - 748,000 Accident Fund ..... .. 504,000 Accrued Interest ...... wos 18,694 Accounts Receivabl ae 37,715 Notes Receivable .._.. renee 8517 Plants & Equipment... . 4,097,566 MisSC. ASSES oiceerimcececaeemennenaas 1,018,453 Channel Development .......... 3 280.625 TOTAT. ASSETS meee $9,860,925 BONDS OUTSTAN Purpose Dated Yue Issued QOutstand. Drydock ...occocemee *903 July 1 1583 $185,000 $134.00 Drydock... 9304 Jan. 1 1924 215,000 198,00 Channel Ser. C. . 221 July 1 1941 120,000 120,000 Port Ser. Coeeeee. 523 Jan. 1 1943 000,000 965,000 Port Ser. Meeceeeeeeee. £64 July 1 1930-4" >. 500,000 500,000 Port Ser. “45 July 1 1931-45 XJ 600,000 600,000 Port Ser, G....... 926 Jan. 1 1927-46 J&J . 750,000 629,000 Port Ser. H............ 1926 Jan. 1 1927-41 J&J CC _Y% 860,000 696,000 Port Ser, To... 1927 Jan. 1 1927-47 J&J 1 41% % 600,000 540,000 Interest and principal pavable at U. 8 Nat. Bank. Portland. Ore.. or State Fiscal Agency. N. 7 PUBLIC UTILITIES PORT OF SEATTLE GENERAL OFFICE: Bell Street Terminal, Seattle, Wash. HISTORY: Established under Port District Act of State of Washington, by popular vote, Sept. 5, 1911. District is a municipal corporation, deriving authority from electorate of the district (coterminous with King County) to whom all important engineering projects and issuance of bonds must be submitted. The Port is managed by a commission of three members, elected by popular vote for four-year terms, expiring alternately, so as to preclude sudden changes in management. Assessed valuation of the district is $370,218,452, upon which is levied 1 mill annually for bond interest and retirement. BUSINESS: Powers of commission include right to acquire land for terminal development, to improve navigable rivers, to establish local improvement districts and to fix all rates on wharfage, docking, warehousing and other port charges. PROPERTY: Port owns 133 acres of waterfront property, improved with 8 major terminals, with 16,736 feet of berthing space; cold storage, grain elevators, warehouses and all appurtenances for cargo handling. OFFICERS: George B. Lamping, Pres.; W. S. Lincoln, Sec’'y; George F. Cotterill, Commissioner; J. R. West, Asst. Sec’'y; J. R. West, Port Engineer; W. A. Gleason, Asst. Engineer; W. 8S. Cahill, Traffic Mgr.; Matt H. Gormley, Auditor. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 1928 9 Nal “Re Operating Revenue Operating Expense Net Earnings Depreciation ................... Interest, Discount, etc. ..... Net Profit from Operations...... Net Income from Taxes. ete. . Surplus for the year. —l.oss COMPARATIVE BALANCE SHEET 199¢ ASSET Cash .ccoeeee... Accounts Receiv. Taxes Receivable . Advances 4,62: “len le ... 1 3 192 gt 1,128 6,925 020 2186 Total Current Assets ....... Fixed Properties Deferred Assets . TOTAL ASSET™ LIABILITTF Bonded Debt .._.... Surplus, Net Assets................ .... Accrued Rond Interest... ....o.ooooooooeooo. TOTAT, T.JARITILITIFS 19.201 2920 £¢ BONDS OUTSTANDING, As of Dee. 31, 1929 Int. Pay. Rr Purpose Smith Cove... Smith Cove... Smith Cove... Smith Cove... Smith Cove... Smith Cove... Smith Cove...... Smith Cove......_. Smith Cove........._. Smith Cove............ Smith Cove............ E. Waterway........ . i. Waterway........ 7 ©. Waterway........ 1 1. HH. Waterway........ 111 ©. Waterway........ 1413 . Waterway........ 1314 Waterway........ 1:4 Waterway........ 1214 Waterwa- Ta Dated .. 1913 1613 4 "4 9 I May 1 1942-55 May 1 1924-52 Jan. 1 1915-56 fan, 1 1915-56 April 1 1920-60 April 1 1920-61 April 1 1920-61 June ? 1920-61 Oct. "920-61 June 920-6: June 923-6 Jan. £13-5 May 613-5. May 1 613-54 Sept. L 913-55 Sept. 1 913-55 Jan. 1 ?914-5¢ June ! 1914-5: June { [914-5¢ Jent “1 A_RR Serial Serial Serial Serial Serial Serial Serial Serial Serial Serial Serial Serial Serial Serial Serial Serial Serial Serial Serial Serial v \ & J&) VT Re [ssued 198 000 L150 200 160 00 ! 00 00 00 00 oe 1] 20 00 00 S00 J00 0,000 360.000 40,000 200,000 275.000 310.000 Nutstd. ©,000 =,000 5,000 L000 000 000 000 200 200 000 ,000 ,000 5,000 0,000 £6,000 38,000 32,000 157,000 219,000 109 O00 THOMSON'S MANTTAT BE. Waterway........ April I 1916-57 Serial 100,000 84,000 E. Waterway........ April 1 1916-57 Serial 350,000 226,000 Salmon Bay.......... Jan. 1 1913-55 Serial 350,000 268,000 Salmon Bay.......... April 1 :913-35 Serial 56,400 25,000 Salmon Bay... . ... April 1 936-56 Serial 150,000 150,000 Central... Jan. 1 913-55 Serial "50,000 90,000 Centre ... July 3 (13-54 Serial “8,000 156,000 Centre Jan. 1 “13-556 Serial 00,000 163,000 Centre Jan. *' {14-55 Seria’ 0,000 171,000 Central... June 1914-67 Seria ~9,000 79,000 Central... “une ~14-F Seria 90,000 80,000 Central....... nay 6-4 seria: 0,000 33,000 Central........ May 46-F. Serial 50,000 50,000 Unit No. 2..ccco.e. ¢ June 93C-Ff Serial 500,000 500,000 Unit No. 15............ ?5 June . "2fF-F- Seria’ 600,000 556,000 Lk. Wash. Ferry.. .913 July 1 _.io-f. Seria’ “ 133,000 115,000 W. Seattle Ferry. 1914 Jan. 1 1914-56 Serial J&o a J 200,000 159.000 Interest and principal pavable at State Fiscal Agent. New York. PORT OF TACOMA LOCATION: Tacoma, Wash. HISTORY: Organized in 1920. Coterminous with Pierce County, with an assessed valuation of $101,5682,628. Levy for port maintenance is 3.4 mills. Port owns 240 acres fronting on deep water, in the industrial waterfront area of Tacoma. Improvements consist of Pier No. 1, 1200 feet long, with open storage for 15 million feet of lumber. Shed No. 1, on Pier No. 2, a fireproof structure, 180'x1040’ with 45,000 tons cargo capacity. A cold storage plant, capacity 1 million cubic feet and 500,000-bushel grain elevator opened in 1930. OFFICERS: C. W. Orton, Pres.; F. H. Marvin. Secy.: Geo. P. Wright. Commissioner: G W. Oszood. Gen. Mgr. COMPARATIVE INCOME ACCOUNT, Year Ending Dec. 31, 1929 Operating Revenue ........... ceeee-$199,732 Revenue from Taxes........... reeeeeee 313,766 DENOT INCOINE@ cciciisismsimmsssisissesssrussstnssssmisnsapysss yan ismismaiesnsssns se reemaemeeomemooeeseesmsemeesceeoeeen 8.681 res eeeneeennep 022,179 rerrmnennnenn8200,.656 enn. 8221,523 ceeeenn$134.000 87,523 ree % 48,362 .....3 38.161 PALANCE SHEET. As of Dec. 31, 1929 ASSETS LIABILITIES Accrued Interest ....coo........$ 51,333 AdVaNCeS oie 748 Bad Debts, Reserve.......cocccoeceeeeee 953 Bonds eeeeeeennaoe. .. 2,500,000 Burplus .....eeeeeinee 460,121 TOTAT. T.TABILITTES ............$3.013.155 CaASN cee cena meen? Accounts Receivable ........... Deferred Assets co.occociciniaeenn Plant and Equipment.._........... TOTAT, ASSETS 29 013.155 BONDS OUTSTANDING, As of Dec. 31, 1929 Dated Due Int. Pay. Rate Outstanding 1920 Feb.1l 1955 Serial F&A 1 BD eeeeeeeeeeneneee--.. $1,600,000 1920 Sept. 1 1955 Serial M&S 1 BS eeeieeeieneeeeeeeee. 100,000 1921 Sept. 1 1955 Serial M&S 1 [FU ann 000 Purpose Series 1... Series 2. o.oo. Series 8... PUGET SOUND FREIGHT LINES GENERAL OFFICE: Grand Trunk Dock, Seattle, Wash. HISTORY: Incorporated under laws of Washington, May 5. 1928. Consolidated with Merchants Transportation Co. in 1928. BUSINESS: Operates freight boats regularly between Seattle, Tacoma, Shelton, Olympia, Port Townsend. Hadlock, Dungeness. Bellingham and the San Juan Tslands. PROPERTY: Owns following fleet of vessels: Skookum Chief, Mohawk, Capital, Chimicum, Seal, Balana, Seatac, F. H. Marvin and V. P. Handy. Valuation of vessels, including their equipment, appraised by General Appraisal Co. March 27, 1929, is in excess of $350,000. Company owns the entire stock (except directors’ qualifying shares) of the Percival Dock Co., owners of the dock at Olympia, and of the Puget Sound Terminal (o.. operators of the docks at Shelton. Olympia 2UBLIC UT ™™ and Tacoma. The latter company owns and operates trucks used in connection with “store-door” delivery of freight. Puget Sound Freight Lines also owns 449 of capital stock of the Ferry Dock Co., lessee and operator of the Grand Trunk dock at Seattle. FUNDED DEBT, As of Dec. 31, 1929 1st Closed Mortgage Serial Rate Dated Due Authorized Outstanding & Sink Fund Gold Bonds.......6%9% 4-1-29 1930-39 $175,000 $175,000 Interest Payable: April 1 and Oct. 1, at trustee's office. Principal Payable: On April 1 of each year, 1930 to 1934, incl, $10,000; 1935 to 1938, incl, $15,000; 1939, $65,000. Trustee: Seattle Trust Co., Seattle. Registerable: As to principal only. Denominations: Coupon $500 and $1,000. Callable: As a whole or in part on any interest payment date upon 10 days’ published notice at 102 up to and including April 1. 1934; thereafter at 101 Security: Direct obligation of the rompany and first (closed) mortgage »n all boats, physical properties, leases, rights and franchises now owned or hereafter acquired, and a pledge of all Jommon stock of Percival Dock Co. and of Puget Sound Terminal Co. and 449% of Common stock of Ferry Dock Co. S 3 ? d sits ny Tu, emma 1 Ploz20, , Legal Opinion by: Shorts & Denny, with trustee, the sum of $2,100. After Seattle, Wash. } amount sufficient to meet next matur- Offered by: Ferris & Hardgrove, ing principal and interest payments Wm. P. Harper & Son, and Seattle has been deposited, balance of such Trust Co., April, 1929. CAPITALIZATION, As of Dee. 31, 1929 Par Value . Authorized Outstanding 1. Preferred Stock ... - $100 $79,700 2. Common Stock ............. . ...No Par 5,000 shs 4,000 shs DIVIDENDS: 1927, 1% monthly on Common; 1928, 3%9% on Preferred and 509% on Common: 1929 79, on Preferred. COMPARA™IVF INCOME STATEMENT, Years Ending Dee. 31 (As filed with Department of Public Works, Olympia, Wash.) 192¢ Gross Revenue ....... Depreciation .....__... Operating Expense 1927 78.685 2.150 £196 Net Earnings .. Dther Income .._. Total Income .._...._.. Interest, Amortization etc. _ Net Income ..... Dividends _ COMPARATIVE BALANCE SHEET, As of Dec. 3a (As filed with Department of Public Works, Olympia Wars ASSETS 9g 7,922 7,146 R36 ps Cash .............. eee eoemeeaeaan————-Accounts and otes Receivable...........__. Materials and Supplies... eenan Reserves ..... wg Investments ....... [SR Floating Equipment ...... ....._............ Terminal Facilities, ete. ....................... Prepavments TOTAL ASSET: LIABILITIES-Notes Payable _...... . man Accounts and Wages Pavable_ Other Current l.iabhilitiea Accrued Items Funded Debt .... Depreciation Reser-Capital Stock ..... Surplus 495 >, Fe (1 “94 38 a0 ny a7 09 ob R061 154 rT TOTAT. © IT.ITTIE.-XR 443 1%5 L415 1702 » 9 0 2 2 “6 [XX &71 0, 20 RATT ~Q 9 THOMSON'S MANUAL PUGET SOUND NAVIGATION COMPANY GENERAL OFFICE: Colman Dock, Seattle, Wash. HISTORY: Incorporated under laws of Nevada in 1913, succeeding Puget Sound Navigation Co. of Oregon, organized 1896. Popular name for the company is “The Black Ball Line.” BUSINESS: Company is largest owner of automobile and passenger ferries, freight and passenger vessels on Puget Sound. Operates as a common carrier s>wning exclusive franchises on 19 ferry routes, Serves population in excess of 1,000,000, including cities of Seattle, Tacoma, Bellingham, Everett, Bremerton Anacortes and Port Angeles, Wash.; Victoria and Sidney, B. C. PROPERTY: Floating equipment consists of 19 ferry-type vessels, 7 passenger and freight vessels, 3 freight vessels, total 29 vessels. Owns wharves and terminals in various Puget Sound ports. SUBSIDIARIES: Crosby Direct Line Ferries, Navy Yard Route, Sound Ferry Lines, Whidby Island Ferry Lines, Olympic Motor Transit Co. MANAGEMENT: Capt. A. M. Peabody, Pres.; H. Arthur Rust, Vice Pres. and Treas.: C. V. LaFarge, Sec’y and Traffic Mgr.; J. BE. Murphy, Marine Supt.; H. C. Strassburger, Auditor. DIRECTORS: Lawrence Bogle, Chairman; Wm. Calvert, J. H. Bloedel, W. T. Ford, R. R. Pearson, H. Arthur Rust, Geo. Roberts, C. V. La Farge, A. M. Peabody, all of Seattle, Wash. GENERAL COUNSEL: Bogle, Bogle & Gates, Seattle, Wash. Fiscal Year Ends: Sept. 30. Annual Meeting: November. Number of Employees: 700. CAPITALIZATION: Par Value Authorized Outstanding Common Stock .. eee $100 $2,105.000 $2,104.240 COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 (As filed with Department of Public Works, Olympia, Wash.) 1929 1928 _ ..%1,959,262 $1,026,094 "72,877 110,274 . ake 778 1927 $1,195,038 110,138 997.613 87,288 27.266 .24,554 8.643 ¢ 115 9011 Operating Revenue .. Depreciation cocoons . NDneratinge Fxpense, Taxes e* Net Earnings ....... Other Income ooo —.. Total Income emma. oe = Interest, Amortization. ete. Net Income .............. —Deficit. aR 4.9 X01] COMPARATIVE BALANCE SHEET, As of Dec. 31 {As filed with Department of Public Works. Olympia, Wash.) ASSETS— 1929 1928 1927 OF: 1) + 262,879 15,684 $ 69,927 Accounts Receivable ... ..... 98,268 70,743 30,147 Materials and Supplies. 10,675 15,5689 130,149 Other Current Assets............ . 43,874 715,210 67,260 Reacquired Securities .......... —. 17,400 pS memmemnnen Sinking Pund cession ams 16,090 — I Investments, Subsidiaries, etc. I 867,882 "9 ARg 682,571 Floating Equipment .............. Ce eeereeeen. 5,070,662 L 3,026,468 Terminal Facilities, etc. ..... —.. come cece. 330,403 76,196 Misc. EQUIPMENT orieeeeceoeecciicicn commmmmncaeaes 38,693 83,978 Deferred Debits moeeeeooeeereeeeeoecceeneeeeemnmeeee 104,167 47.718 TOTAL. ASSETS coon $4,860,894 $4.030.174 LIABILITIES— Notes Payable .ooiiiieemeecceene. Accounts and Wages Payable... Inter-Company Accounts, etc. ........ Accrued Interest, etc. .... Funded Debt Depreciation Reserve ......... . Other Deferred Credits. ....ooooooeiiceee. Capital Stock icra Surplus and ReSerVeS ee aeemmene meen 465,000 189,052 553.610 750,000 ,110,549 .€,321 2,104,240 276,031 TOTAL LIABILITIES ..ocoeeeeee. $5.544,803 FUNDED DEBT, As of Dec. 31, 1929 First (Closed) Mortgage Rate Dated Due Authorized Serial Gold Ronds._ 609 11-1-28 1929-3R% $750.000 143,659 205,557 265.776 1,110,959 19,456 2,104,240 446,302 24 030.174 Outstanding eeq0 000 PUBLIC UTILITicCS Interest Payable: Semi-annually, May Tax Status: Company pays normal and Nov. 1, at Trustee's office. 29% Federal income tax. Principal Payable: Nov. 1, 1929, to Security: First closed mortgage on 1934, incl., $50,000 each; 1935, 1936, $75,- all floating equipment, valued at $2,-000 each; 1937, $100,000; 1938, $200,000, 200,000. Company has assigned to trusat Trustee's office. tee all leases, rights and franchises. a. . Legal Opinion by: Chadwick, Mec-. Trustee and Regis Pacific Na- Micken, Ramsey & Rupp, and Geo. Hartional Bank, Seattle, ash. roun, Seattle, Wash. Registerable: As to principal. Offered by: Drumheller, Ehrlickman Denominations: $1,000, $500 & White, Dean Witter & Co., First Se-Callable: As whole or'in part, on 60 Pacifie National Coo Fewris 4 Tara’ days’ notice at 102%2 in inverse order ;rgve Tucker, Hunter, Dulin & Co., of maturity. Baillargeon, Winslow & Co., all of Se-Sinking Fund: One-twelfth of an- attle, Wash, Oct., 1928, price ranging nual principal and interest require- ‘rom $100 to $96.50 as maturities adments deposited monthly with Trustee. rance. PUGET SOUND POWER & LIGHT COMPANY GENERAL OFFICE: Stuart Bldg., Seattle, Wash. CONTROL: By Engineers’ Public Service Corporation. HISTORY: Incorporated under laws of Massachusetts, July 8, 1912, as Puget Sound Traction, Light & Power Co. a reincorporation of a company of the same title, incorporated Jan. 19, 1912, under the laws of Maine. Present title was assumed March 22, 1920. The following companies were consolidated or absorbed in 1912: Seattle Electric Co., Puget Sound Power Co., Seattle-Tacoma Power Co., Pacific Coast Power Co., Whatcom County Railway & Light Co. BUSINESS: Company owns and operates extensive electric light and power systems, doing the greater part of the commercial electric light and power business in Western Washington and in a considerable portion of the central part of the State. With the exception of a few small properties, it furnishes practically all the light and power service, outside of that supplied by the municipalities of Seattle and Tacoma, in an area of over 30,000 square miles. The company through subsidiaries operates an extensive co-ordinated stage service from Vancouver, B. C., to Portland, Ore. SUBSIDIARIES: (1) North Coast Transportation Co.: Operating motor coach lines between Vancouver, B. C,, and Portland, Ore., a distance of 380 miles, serving all intermediate cities. Operates under franchise and certificates of necessity granted by the Washington Department of Public Works. On Dec. 31, 1929, company operated 80 motor coaches and had placed an order for 15 new coaches for delivery in 1930. Operates interurban lines between Seattle and Eevrett and Mount Vernon and Bellingham, with 61 miles of trackage. also operates street railway and busses in the City of Everett (2) Washington Electric Co.: On Jan. 21, 1930, this company was granted a Federal license to develop a hydro-electric project at Rock Island, on the Columbia river, near Wenatchee, Wash. On Jan. 22, 1930, company awarded contract to Stone & Webster Engineering Corp. involving $15,000,000, covering cost of construction of first unit, calculated to develop £0.000 h.p. with potential development totaling 240.000 h.p. (3) Diamond Jee & Storage Co.: Operating a cold storage plant and manufacturing ice in the City of Seattle, Wash. SEATTLE STREET RAILWAY: On March 31, 1919, company sold to the City of Seattle its system of electric street railway lines, operated within the city, for a consideration of $15,000,000, accepting bonds, in this amount, of the Seattle Municipal Street Railway, bearing 59% annual interest, and payable serially, 1922 to 1939, with $833,000 annual maturity. In 1929 the company, at the request of the City of Seattle, consented to waive the 1930 and 1931 maturities, extending final maturity to 1940-41. The residue of these bonds are held by the company, deposited with the Old Colonv Trust Co.. Boston, trustee for the company’s mortgages. EXECUTIVE OFFICERS: Alton W. Leonard, Pres.: Donald C. Barnes, Vice Pres.; Hamilton W. Welch, Vice-Pres.: Harry L. Harding, Vice-Pres.; Charles E. Miller, Vice-Pres.; William H. McGrath, Vice-Pres.; Samuel P. MacFadden, Vice-Pres.; William E. Wood, Vice-Pres.; Fred W. Brownell. Treas.;: Edgar L. Crider. Asst. Secv.: William T. Crawford, Clerk. DIRECTORS: Charles W. Kellogg, Chairman; Harcourt Amory, Alexander Henderson, George C. Lee, Alton W. Leonard, John R. Macomber, Bayard F. Pope, Ernest W. Purdy, Waldron H. Rand, Jr., John C. Rice, Frederic E. Snow, Philip Stockton, Charles B. Barnes. Willard T. Carleton. Charles Stetson. Orrin G. Wood. William E. Wood. Fiseal Year Ends: Dec. 31. Annual Meeting: 1st Monday in March THOMSON'S MANUAL POWER PLANTS AND CAPACITIES Hydro-Electric Power Plants Location Horsepower Capacity Baker River co eecrecceennranns wou.... Baker River, near Concrete................ 53,620 Dryden .cocococecommommmmnnnesmeaneens co... Wenatchee River, near Wenatchee....... 3,284 BLECLION oooooeoeeeeeaeeemesmnesneemeen seeeemenee- UY Allup River, near Tacoma................ 30,160 EEIAE oon ooooooeeeseeeaeeesmneeneeeeeamemeeemenemenee- ioTIt iat. River, near Wenatchee................ 1,474 Granite Falls .....oooeecesmmmmemeeeilchuck Creek, near Everett... 80 TIM CTeEK woooeeeeeeeeeemaenesccscesseemeeneeeeeo-J iM Creek, near ATlingtoN. em eecccaeennees 268 KATANA oooeoeeeeeeeeaeennmemsneeseeemeeenmeen meee K@lama, River, near RK elS0 on. cmmrumseenmemmmnn 805 LeAVENWOTLLN cooooeoeeereeeeeeccameeaenemeneemeee: WW €NAtChee River, near Wenatchee........ 180 NOOKSOCK womneeearecrnmmenmresceececemmammammemeneee-- NOOK SaCk River, near Bellingham........ 2,346 OLYMPIA .eoceeoerircccceracsmamssssansaeesnennnnnenee. DESCHUTES River, at Olympia... 2,210 Snoqualmie Falls .ceeniesesernennn- Snoqualmie River, near Seattle........... 26,809 SUILAT comoeerees eeeeemmaraeamescamaamsnnmmsnneasenensss. MCCOY Creek, near Everett................... 120 BYIVIS coomsvrmmmmmmonmmnnan: eraeeanneee Sylvia Creek, near Montesano........oo........ 268 White River .......... White River. near Seattle ......c.cccceceeee.. 80,432 Hvdro-Electric Power Owned............202,056 Steam Power Plan’ Bond Street .... .. eeeeeeeeeeeeennnn EVETett eemmmnmennnneeeee mmm panna A EE 670 Fo PS TR 0) « {J . 1:1 § © RSISSPRESIIPEEE EEE 2,013 GeOTZEELOWIL eceiiiaaaanremrraceecamrermenensnsansrens Seattle ........ ee eaeaeeimennnnneennnnnne 30,831 POSt SEIeet wooooooeeeoameenere emeeemenennensnneee SEBLLLE coin eeamneeneeeneee 4,692 SHULLTELON comneoemeemeemeeemeaeeeececmmeeneneenmeneenee-2ENILOTL eee emeeeeeeaoaeeomnmnennnnnmsemsecereaiecens ean 1 07,240 ‘Wenatchee Ce aeianananeeee Wenatchee oes ve eeeeenene 2,013 York Street een. Bellingham eee 2,681 Steam Power Owned. ......ccceoereeececeeeeeeenaa. 150,140 Total Prime Power Owned......ccccce.o......35 2,196 1. 2. 3. 4 HISTORICAL SUMMARY OF OPERATIONS Net After Bal. for Reserves, Expenses, Taxes Bonds, Div. $3,541,549 $1,789,173 2,605,224 1,793,788 ,443,965 1,683,141 2,804,819 926,040 ".¢86,376 126,000 -00,842 621,781 74,408 .,,551,857 485,963 1,349,797 “06,647 2,418,444 55,250 2,358,891 78,584 2,641,950 69,412 2,987,402 :83,05° 2,606,797 52,75¢ 2,677,217 ...19,249 2,961,177 6,360,815 3,518,230 6,682,246 4,120,573 A 475.672 4.020.443 Gross Years Ending Dec. ¢ Earnings LOD... ..ocesunsmemiimannin eran ® 2 213,847 7 ee emer RRR amma ,.£9,68° CT Bm eeeeeeeeeaannnaann aenmeeeene ©0780 ee eeeeeaenean ane eee 1,088,D4¢ eee ainneamannnennmnee 0,477,609 ernnmmtnnne] # eereeemeeeoneneee 2,539,86¢ eee eeeaeenaseennaeemmaeeaeasceasnaes ,925,481 eee evaanemmenns 9,141,395 eames £ °75,536 cr TT “TON, As of Dee, 31. 1929 Par Value Authorized $5 Prior Preferred Stock............No Par 110,000 shs $6 Preferred StocK..owcicrooemno...NO Par 300,000 shs $1.50 Junior Preferred Stock..........No Par 300,000 shs Common Stock .... .No Par 202,829 shs Outstanding 110,000 shs 256,000 shs 300,000 shs 202 R929 ghs CAPITAL CHRONOLOGY Name of Par Action Stock Value Original Preferred $100 Original Common $100 New 1% Prior Pref. $100 ncrease Preferred $100 “hange Common $100 to No Par decrease Common No Par ‘hange Preferred $100 to No Par 1crease Preferred No Par 40,000 $ 4,000,000 $50,282,900 5- ncrease Preferred No Par 100,000 $10,000,000 $60,282,900 3-%. Called 19% Prior Pref. $100 -100,000 $10,000,000 $50,282,900 5-22-2. New © $5 Prior Pref. No Par 110,000 $11,000,000 $60,282,900 12-15-28 New $1.50 Junior Pref. No Par 300,000 $ 7,500,000 $68,782,900 NOTE: Holders of 7% Prior Preference called May 22, 1928, were given option of sxchanging for new $5 Prior Preference on basis of $110 for old Prior Preference to $96 for new, with adjustment of accrued dividends. 47,355 shares of old stock vere received in exchange for 52.946 shares of mew Aggregate PUBLIC UTILITIES DETAILS OF STOCK 1. $3 CUMULATIVE PRIOR PREFERRED STOCK Provisions: Has preference as to Transfer Agent: Stone & Webster cumulative dividends and as to $100 Service Corp., Boston; First Seattle per share in even of liquidation. Dexter Horton National Bank, Seattle. Callable: At $110 per share any time. Registrar: Old Colony Trust Co. Voting Power: All classes have equal Doston; Pacific National Bank of Seatvoting power. tle, Seattle. Tax Status: Dividends are exempt Public Offering by: Stone & Webster from Mass. income tax. and Blodget, Inc.,, and Estabrook & Co., Dividends: From July 16, 1928, regu- New York, and Parkinson & Burr, Boslar dividends, $5 per annum, paid quar- ton. terly Jan., Apr., July, Oct. 15. Date Offered: May, 1928. Price: $96. 2. $6 CUMULATIVE PREFERRED STOCK Provisions: Entitled to 100 per share Service Corp., Boston; First Seattle in liquidation after Prior Pref. has re- Dexter Horton National Bank, Seattle. ceived $100. Takes second preference Registrar: Old Colony Trust Comas to $6 cumulative dividend annually. oany, Doston: The Pacific National Callable: At 125 at any time. Bank of Seattle Voting Power: All classes have equal to voting power. i Legal Opinion by: Gaston, Snow, Sal-Tax Status: Dividends are exempt ‘onstall & Hunt, of Boston. from Mass. income tax. Listed on: Seattle Stock Exchange, Dividends: Initial dividend of $1.50 New York Curb. per share on new no-par stock paid Price Range: 1929—High, 101%; Low, April 15, 1925. Regular dividends paid 98; 1928—High, 105%: Low, 92: 1927— thereafter quarterly, Jan. 15, etc. High, 921; Low, 831%; 1926 — High, Transfer Agent: Stone & Webster 84%; Low. 82. 3. $1.50 JUNIOR CUMULATIVE PREFERRED STOCK Provisions: Has third preference as regular dividends paid quarterly Jan., to dividends and $25 per share in liqui- Apr., July, Oct. 15. dation. Transfer Agent: Stone & Webster Callable: At $27.50 per share. Service Corp., Boston: First Seattle Voting Pewer: All classes of stock Dexter Horton National Bank, Seattle. have equal voting power. Registrar: Old Colony Trust Co. Tax Status: Non-taxable in Mass. Boston; The Pacific National Bank of Dividends: Beginning Jan. 15, 1929, Seattle. 4. COMMON STOCK Voting Power: All classes of stock Transfer Agent: Stone & Webster have equal voting power. Service Corp. Boston; First Seattle Tax fats Jou-taxanie In Nass. 15 Dexter Horton National Bank, Seattle. Dividends: ommon pai pri 31 per share, July 15 $1 per share, Oct. Registrar: Old Colony Trust Co., 15 $1 per share, now $4 per share per Boston; The Pacific National Bank of vear Seattle. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 raz - cr onr Gross Revenue ................ . Operating Expenses and Taxes 1927 1,925,481 564 666 Net Earnings ..... Other Income .... Total Income .................... Interest. Amortization. Etc. _. Net Income .................... Prior Preferred Dividends . Preferred Dividends __.............. Common Dividends ....................._. Survlus for the year... .................p 689.801 COMPARATIVE CONSOLIDATED BALANCE ~~ ['&=% ASSET» — 1929 Plant and I’roperty............ccccccce.......$104,929,087 Investment in Subsidiary CoS............. 1,966,468 Cash ............. een. 1,625,399 Notes Receivable ..... 124,508 Accounts Receivable .......... 3,222,806 Materials and Supplies ',125,408 Prepayments .._............... 278,768 Miscellaneous Investment © .... ........... .. 297,730 Sinking Funds o.oo... 879,973 Seattle Street Ry. Bonds...... “2¢ 000 Special Deposits ......ooooooeeoe £62 Unamortized Debt Discount & Expense on Unadjusted Debits ... Securities “0,007 24,690 75,699 ‘07,352 .,000 © ar RE 58.100 [hy TOTAL, ASSET 1199 986 EGF 2130.4R2 E1492 ,67 ~ ¢J Dee. toed 1,280,398 1,116,205 ,,776,015 55,207 972,886 "23.455 11,713 1,929 ,2.1,292 vi 02,000 3,327 TCTF «4 1) 1199 979 KAT THOMSON'S MANUAL 2 LIABILITIES— Prior Preference Stock (7%) ...ooieeee Premium .cccoooeeemnne. ee me—maaaann BoAE .umemenipsssposwrummons CR Coupon Notes ............ Notes Payable ..cceeeen Accounts Payable ........ Accounts Not Yet Due Dividends Declared ... Depreciation Reserve ........ Special Depreciation Res. Road Equipment Depreciat. Operating Reserves Unadjusted Credits Capital Stock .oeoeeeee mann Barned Surplus occoommmececceininrmaenaes 2,. TOTAL LIABILITIES .oeeeeeeeee----$132.286.595 FUNDED DF™T, As of June 1, 1930 .e Dated Due 6-2-24 6-1-49 ?-1-26 7-31 -30 WFO -10 -0¢ -f 00 9.000 36 357 ,091 “.56¢ $10,000,000 148,777 55,674,500 4,350,000 2,700 588,342 1,787,562 520,456 4,447,709 432,324 117,388 30,333 «,498,648 1,675,148 $122.273.887 $130.482.552 Authorized $36,500,000 * 5,000,000 9,000,000 3,000,000 (00,000 "90,000 “30,000 ~00,000 5,000,000 2 000.000 Outstd. $36,255,000 $ 4,432,500 $ 9,000,000 3,990,000 5 2.254,000 $1,989,000 $ 169,000 $ 1,232,000 $ 3,000,000 e 1.228. 400 1st and Ref. Mtge. Series A... 1st and Ref. Mtge. Series B...... Ist and Ref. Mtge. Series C...... Pac. Coast Power CoO.ceueeann ee S.E. Co., Seattle-Everett Tr. <). Puget Sound Power Co....... .. Twin City Lt. & Pr. C — Whatcom County Ry. « Ji. CO. 10-Year Gold Notes..... anna FE.-Vear Gold Notes ._ oo... gq, 10 . 06 2-1-50 Rel-928 © 4 = a] i. FIRST AND REFUNDING MORTG interest Payable: J&D 1, at Continental Illinois Bank & Trust Co. Chicago; Bankers Trust Co.. N.Y. or trustee’s office. Trustee and Registrar: Old Colony Trust Company, Boston. Registerable: As to principal, coupon $500 and $1,000 registered $1000 and $10,000. Denominations: Coupon $500, $1,000 and $10,000. Callable: As a whole or in part on any interest date; on June 1, 1930, at 1043, ; thereafter decreasing 14% annually on Dec. 1 of each year to 100 on Dec. 1, 1948; in any case with accrued interest. Sinking Fund: 11,9% of aggregate amount of bonds (including First and Refiindine Series A & B and underlving AGE 514% GOLD BONDS, SERIES A bonds) outstanding, payable Sept. 1, to which is credited any annual payments to sinking funds of underlying bonds. Tax Status: Company pays normal Federal income tax up to 2%. Security: By first mortgage on substantially all electric power and light properties and certain other property now owned or hereafter acquired, subject to underlying liens, with provision for retirement thereof. Legal Opinion by: Gaston, Snow, Saltonsall & Hunt, Boston, for Company; Rushmore, Bisbee & Stern. New York for bankers. Offered by: Lee, Higginson & Co. Harris, Forbes & Co., Inc, Estabrook & Co., New York. 1924, at 97. 2. FIRST AND REFUNDING MORTGAGE 5%% GOLD BONDS, SERIES B Tngerast Ravables PEA 1 at og al Sinking Fund: Same as Series “A.” ony Trus 0., oston; ontinenta - 2 linois Bank & Trust Company, Chicago; naa Se Cor pany pays normal Bankers Trust Co., New York. . ° Trustee and Registrar: Old Colony Security: Issued under the same Trust Co., Boston. mortgage as $28,499,000 series “A 5s Registerable: As to principal and equally secured therewith. Denominations: Coupon $500 & $1000. Offered by: Lee, Higginson & Co. Callable: As a whole or in part on Harris, Forbes & Co., and Estabrook & Feb. 1, 1930, at 1001, decreasing to 100 Co., New York. on Aug. 1, 1930, in each case with ac- Date Offered: April, 1926. Price: rrued interest 99. 3. FIRST AND REFUNDING MORTGAGE 5% GOLD BONDS, SERIES C Interest Payable: May 1 and Nov. 1, Sinking Fund: 114 9% per annum, payat Old Colony Trust Co., Boston; Bank- able in cash or bonds, of the aggregate ers Trust Co., N. Y.; Continental Illinois amount of bonds (including First and Bank & Trust Co., Chicago. Refunding Series C, A and B and un-Trustee and Registrar: 0ld Colony derlying bonds) outstanding, payable Trust Co. September 1, toward which are credited Registerable: As to principal only. the annual payments to sinking fund Denominations: $1,000. of underlying bonds. No sinking fund Callable: As a whole at any time or will be in effect after the Series A and in part on any interest date on notice B Bonds have been retired. as provided in the mortgage at a pre- Tax Status: Company pays normal mium of 5%, until May 1, 1931, decreas- ncome tax up to 2%. Penn. personal ing %9% thereafter on each date. prperty uo to 4 mills and Mass. taxes 1c OT. °T based on income up to and not exceeding 69% per annum of the interest on any bond. Security: A direct obligation of Puget Sound Power & Light Company and are under the First and Refunding Mortgage by a direct lien on all electric light and power and certain other properties, subject only to Divisional Underlying Bonds on parts of the properties to the amount of $7,412,000 and are further secured by a first lien on $8,336,000 City of Seattle Municipal Railway 5% Bonds of 1919. The mort-4. PACIFIC COAST Interest Payable: March & Sept. 1, at Haris Trust & Savings Bank, Chicago; Harris, Forbes & Co. Inc, Boston and New York. Trustee and Registrar: Harris Trust ¢ Savings Bank, Chicago. Registerable: Both as to principal and interest. Denominations: Coupon, $1,000. Callable: As a whole or in part at 105 and interest on any interest day. 5. SEATTLE EL. CO., SEATTLE-EVERETT 1st MTGE. 3% 30-YR. GOLD BONDS Interest Payable: M&S © e's Tax Status: Company pays ncermal office. income tax up to 29%. Trustee and Registrar: Old Colony Security: First closed mortgage on Trust Co., Boston. about 61 miles of interurban railway Registerable: Both as to principal from Seattle to Everett, Wash, and and interest. from Bellingham to Mt. Vernon, Wash., Denominations: Coupon, $1,000; r <- railway and bus property in City of istered $1,000 and $10,000. Everett, and certain auto stage equip-Callable: As a whole (or in part for ment. sinking fund), at 105 and interest on Offered by: Lee, Higginson & Co, any interest day. New York, April, 1909; May, 1911, at Sinking Fund: 19% of bonds outstand- 181% and 98 ing, payable Mar. 1. 8. PUGET SOUND POWER CO, 1st MORTGAGE 30-YEAR 5% GOLD BONDS Interest Payable: June & Dec. 1, at sinking Fund: 1% of bonds certified. trustee's office. payable March 1. Trustee and Registrar: Old Colony Tax Status: Company pays normal Trust Co., Boston. income tax up to 29%. Registerable: As to principal only. Security: First closed mortgage on Denominations: Coupon, $1,000. antire property of former Puget Sound Callable: As a whole (or in part for Power Co. including a hydro-electric sinking fund) at 110 and interest on plant. any interest day. 7. TWIN CITY LIGHT & TRACTION 1st MTGE. 6% SINKING FUND BONDS Interest Payable: Jan. & July 1, at Sinking Fund: $8,000 payable anrrustee’s office. nually, Jan. 1. Trustee and Registrar: Guaranty Tax Status: Company pays normai Trust Co., of New York. income tax up to 2%. Registerable: As to principal only. Security: Mortgage on property of Denominations: Coupon, $1,000. former Twin City Light & Traction Co. Callable: Not callable. XR. WHATOM COUNTY RAILWAY & LIGHT CO. 1st MORTGAGE 6% SINKING FUND GOLD BONDS Interest Payable: May 1 & Nov 1, at Sinking Fund: 19% of bonds outstandtrustee's office. ing, payable Nov. 1. range na Registrar: Olid Colony Tax Status: Company pays normal rust Co. boston. oo income tax up to 2%. Registerable: As to principal only Denominations: Coupon, $1,000. Security: First closed mortgage upon Callable: As a whole at 105 and in- entire property of former Whatcom terest on any interest day. County Ry. & Light Co. 9. TEN-YEAR 514% COUPON GOLD NOTES Interest Payable: Feb. & Aug. 1 ,at c>mpany and rank prior to the Prior trustee's office. Preference, Preferred, Junior Preferred Trustee and Registrar: First Seattle and Common Stocks. Dexter Horton National Bank, Seattle. Legal Opinion by: Todd, Holman & Registerable: As to principal only. Sprague, for bankers; James IB. Howe, Denominations: $1,000, $500 and $100. For Company. _Callable: Upon 30 days’ written no- Offered by: First Seattle Dexter Hortice at 103 thru Jan. 31, 1935; 102 thru ton Securities Co., Marine National Co., Jan. 31, 1937; 101 thru Jan. 31, 1938: Pacific National Co., Peoples Securities 100% thru Jan. 31. 1939. thereafter at Jo., Puget Sound Power & Light Secur-L100. ities Co., Feb, 1, 1930, at 961%. . Tax Status: Company pays normal Listed: On Seattle Stock Ixchange. income tax up to 2%. Price Range: 1930 to June 1—High, Seenrityv: A direct obligation of the Ba: J.,ow. O71 THOMSON'S MANUAL 10. FIVE-YEAR 6% COUPON GOLD NOTES Interest Payable: Feb. and Aug. 1, at company and ranks prior to the Prior trustee's office. Preference, Preferred, Junior Preferred, Trustee and Registrar: First Seattle and Common stocks. Dexter Horton National Bank, Seattle. Legal Opinion by: James B. Howe for Registerable: As to principal only. company. Denominations: $1,000, $500, $100. Offered by: First Natl. Bank, Natl Callable: As a whole on Feb. 1, 1930, Bank of Commerce, Puget Sound Power at 100 with accrued interest. & Light, Securities Co., Bond Goodwin Tax Status: Company pays normal & Tucker, Bright Witter Co., Ferris & income tax up to 2%. Hargrove, John A. Price & Co. at 98. Security: A direct obligation of the Listed on: Seattle Stock Exchange. SEATTLE GAS COMPANY GENERAL OFFICE: Stuart Bldg. Seattle, Wash. CONTROL: By Central Public Service Corp., Chicago. HISTORY: Incorporated under laws of Washington, March 18, 1904, as the Seattle Lighting Co., a merger of Seattle Gas & Electric Co. and Citizens Light & Power Co. In 1929 control passed from the Dawes interests to the Central Public Service Corp., Chicago, when name was changed to present and company made a subsidiary of the Pacific Northwest Public Service Co. BUSINESS: Manufacture and sale of artificial gas for domestic and commercial purposes, in the Greater Seattle district. PROPERTY: Two plants in city of Seattle with a capacity per day of 12,650,000 cubic feet, and with gas holders having a capacity of 5,667,400 cubic feet. OFFICERS: A. BE. Peirce, Pres.;: R. L. Aage, Vice Pres.; D. C. McClure, Vice Pres.’ G. R. Horning, Vice Pres.; W. S. McCollough, Treas,; W. M. McFarland, Sec'y. GENERAL MANAGER: James F. Pollard. DIRECTORS: A. E. Peirce, R. L. Aage, D. C. McClure, G. R. Horning, W. S. Mec-Collough, W. M. McFarland, B. H. Ely, G. L. Augustus. E. O. Boshell, all of Chicago, 11l.; W. H. White and J. Green, Seattle, Wash. GENERAL AUDITORS: Haskins & Sells, Seattle. Fiscal Year Ends: Dec. 31. Number of Emplovees: 5H30. GROWTH OF BUSINESS Gross Cubic Feet Meters in Earnings Gas Sold Operation 734,342 708,230,000 31,361 1,011,288 ,045,305,000 45,397 2,013,580 ,594,054,000 53,566 ,339,175 1,789,194,500 60,709 2,402,978 1,842,909,900 61,146 ?2 395,479 1,850,373,900 60,558 2,398,363 1,872,604,800 60,194 2.429.738 1.918.708.000 60.534 CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Preferred Stock .ceooeeeeccieeeeeeeaeaeeeeee $100 $7,500,000 Common Stock . ........No Par 30.000 shs iI. 7% CUMULATIVE PREFERRED STOCK : Provisions: Preferred as to 7% an- Transfer Agent: Central Trust Co. mus Samuisiive Siviaunds and as to as- of Illinois, Chicago. sets in event of liquidation. is : i Savings Catan ar oh a any Nividend date passistrar: First Trust & Savings after 30 days’ notice, ’ ’ ; Voting Power: Only in case divi- Legal Opinion by: Pam & Hurd, Chidends are not paid for one year, when C280, and Poe, Falkner, Falknor & Bm-Preferred is entitled to vote until ar- ery, Seattle. For the bankers by Newrearages are paid. man, Poppenhusen, Stern & Johnston. Dividends: Payable quarterly, 1% % Chicago. on Jan. 15, April 15, July 15, and Oct. Public Offering by: A. B. Leach & 15. Initial dividend paid April 15, Co., Seattle and Chicago, Feb., 1926, at 10928 and recularlv since. 98 and accrued dividend. 1. 2. 2. COMMON STOCK Provisions: Has exclusive voting Dividends: 1924 and 1926, 4%: 1921 power, except in case of failure to pay 5%%; 1928, 1929, 6%. dividends on Preferred stock. PUBLIC UTILITiE COMPARATIVE INCOME STATEMENT, Years Ending Dec. 3] 1929 1928 7,429,7°8% $2,398,362 449. 7h5 1.411.532 Gross Revenue ... Operating Expense Net Earnings ..... Interest, Amortization, etc. .. nN Net Income .......... Preferred Dividends ....... Common Dividends .............. 1927 2,395,478 ©. 15.247 { Surplus for the year................... Earned, per share Preferred stock......... Earned, per share Common stock................ —Deficit. COMPARATIVE BALANCE SHEET, ASSETS— 1929 Plants and Property. ..iinneeen..$.6,774,405 Investments ... 2,500 Cash mens 150,179 Material and Sup;! coeieeiio.. 299,803 Notes and Accounts keceivable...... ‘27,952 Miscellaneous Current Assets............ e227 Deferred Accounts ... eens Treasury Bonds __ As of Dee. 31 192¢ .6,100,370 260,760 27,019 227165 nq TOTAL ASSETS LIABILITIES-Preferred Stock .. Common Stock ... Funded Debt ........ Notes Payable ...... Accounts Payable ...._.. Customers’ Deposits Misc. Liabilities ..... Accrued Taxes and ’ Advance from Affiliat Debts Reserve ... Reserve—General ...... : Replacements Reserves .............. Surplus ee TOTAL LIABITI™ = 2.000.000 00 «000 £5,000 ng 785 0,224 £60 J36 ag i THNDFDND NERBT,. £0 of at re ted © 21.04 co Bh u-1-y¢ . “ul, Lo) 2-1-26 2-1-36 $1.500.000 l. 2. First Mortgage Bonds... . Refunding Mtge. Bonds.......... Refunding Mtge. Bonds.......... &-, Sinking Fund Dehentures...... 69 ? 1927 5,647,333 257,764 87,224 S210 “2 0 3 ly 00 ~0 JO <56 69 390 223 4 Ca atstanding 258,000 278,000 522,000 ..412.000 i. FIRST MORTGAGE 5% GOLD BONDS Interest Payable: Mar. 10 and Sept. Callable: At 110 any interest date, [0, at Harris, Forbes & Co., New York. with 30 days’ notice. ] Trustee: Bankers Trust Co. of New Tax Status: 29% Federal income tax York. . paid by company. Registerable: As to principal. Security: First mortgage on all Denomination: $1,000.. orobertv. franchises, etc. 2. REFUNDING MORTGAGE 5% AND 8% GOLD BONDS Interest Payable: Apr. 1 and Oct. 1, 105 to Oct. 1, 1941, incl.; at 1021s to at Harris, Forbes & Co., New York, and Apr. 1, 1949, incl. trustee, cS . i ax Trustee: Harris Trust & Savings Thx tatu 26; Federal income t Rank, Chicago paid by company. Registerable: As to principal. Security: Subject to first mortgage Denominations: $500 and $1,000. oonds outstanding, this issue is direct Callnble: 59% bonds at 1021, on any lien on all property of the company. interest date, with 30 days’ notice: 89% Offered by: A. B. lL.each & Co.. Chibonds at 115 to Oct. 1. 1936. incl.: at ~ago and Seattle. 3. 6% SINKING FUND Interest Payable: Feb. 1 and Aug. 1, at Chase National Bank, New York, and 'rustee, Trustee: Central Trust of Illinois. Registerable: As to principal. Denominations: $500 and $1,000. Callable: At 102% on anv interest date. with 30 davs’ notice GOLD DEBENTURES Sinking Fund: 29 of issue set aside each year in a sinking fund to retire bonds. Tax Statux: Company pays Federal 2% income tax, Penn. 4 mills, Conn. 4 mills, Calif. 4 mills, Ky. 5 mills, Kan. 21, mills. Mass. 6% income tax Sma a STITT gmren Xo THOMSON'S MANUAL SEATTLE MUNICIPAL LIGHT & POWER DEPT. GENERAL OFFICE: County-City Bldg. Seattle, Wash. HISTORY: On Jan. 31, 1902, Seattle's municipal light and power plant began with authorization of $590,000 in bonds to construct a generating plant on Cedar River. Two 1,200 kw. generators were officially started Oct. 14, 1904. The Cedar River plant was expanded until in 1914 a, total of 40,000 kw. was developed. which was insufficient for city’s growing needs. In 1914 a steam plant of 7,600 kw. capacity was opened on Lake Union. In 1917 the city applied to the Federal government for a permit to develop hydro-electric power on the Skagit. This was granted on Jan. 18, 1918, and construction of two 30,000 kw. generating units immediately began at Gorge. On Sept. 27, 1924, the Gorge power house was officially opened. In December, 1926, permission was received from the Federal ‘government for further development on the Skagit at Diabolo, and construction work started on a tunnel and power house to contain two 55,000 kw. generating units. The city’s Skagit River development is said to have an ultimate possible maximum of one million horsepower. SUPERINTENDENT: J. D. Ross. INCOME STATEMENT 1903 TO 1929 Revenues Expenses Depreciation 15,470 22.659 116,826 A220 195,881 Ne 315,756 Le” 163,662 sgt 292,54¢C or r1 2 92¢ 2,33" “04,87! ,045,57¢ ,063,731 ,205,5634 259,808 ~ 29,766 087,563 1778,651 218: TEI CT €f2,96E £1,7¢ Va Surplus $ 18,876 11,025 24,086 26,5633 99,459 103,427 152,541 191,696 274,657 840,967 192,083 409,518 100,331 371,500 473,995 655,469 952,987 694,303 785,600 700,097 414,443 349,760 582,549 992,305 594.314 LO08.civesnsss 1906............ 1907... 1208....... Leng... 1c Na A -——— 29,505 5,231 "4,42¢ 3,06: 5,637 158 03! 232 fal 6° 5,172 09,258 47,5683 “44,128 -73,422 “80,932 “n9,14 9,17" 49,029 590,676 635,509 693,097 742,492 177.727 oD N25 Af 34 “9.4 ,0% 59,87 125,7¢ 039,61 185,1° 193,8¢ ,406,7¢ ,633,265 1,825,095 2,062,265 2,130,215 2 794 481 .,60f J,601 8,89¢ 196,451 302,621 2° 2,300 “5,8€¢ 2,13 0 . - 023, .31 .,007,674 1.012,674 COVPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 ASSETR 19290 1928 1927 Right of Way... __......... » 989,065 988,965 $ 988,965 Land, Bldgs & Equipment .... 95,282,809 “5,110,588 23,607,675 Special Construction .. . .... 9,005,106 4,965,040 1,740,035 INVESTMENTS ceeeooeeoemeeaeemanneceemamannassnnnne. =enen 113,340 “02,870 285,030 3ink., Redemp. & Special ¥und ._... .. ¢ 1,530 0,906 592,926 CIBAEL oe cmsrmman mma mn smn wes san wamimm das ARS HS SA i i 1 “6,687 2599 3,836,684 Bond Sink. & Redemption Deposits........ 1,425 560 42,0517 Fund Loans Payable ._.......... emma 1,230 ..4,573 5,607,479 Accounts Receivable .ceceevcccecs eens 1,986 wh 061 1.045.980 Receivable on Bond Sale............ . ..... 2,600 or ememana J Materials and Supplies.....cccceceeeeececceccaes 5,635 2.1 #168 1.872,481 Merchandise for Sale. ...ecececeeeeeens 2,676 £1,704 .3,331 Other Assetd .......... aan 26,352 J, C& 48,074 Unadiusted Debits ......... ee .T72,299 2.44004] 1,967,743 TOTAT, ASSETS oon. 849.826.641 $42.993.903 $40.963.464 LIABILITIES — Bonds Outstanding ..... ........ Warrants Outstanding ....... . Fund Loans Payable... co Reserve for Claims_........ oo. Unaudited Claims oomiiiianes Accrued Interest iin, Consumers’ Deposits inn. Deferred Liabilities oot Unadjusted Audits BUTTONS rns nominees som sane ws ams smn TOTAT., LIABILITIES oes reer $31,391,000 327,282 5,140,230 734,783 157,976 381,265 "3,386 232,097 18,90 269.725 10 R926.641 $26.305,000 £5,129 1,224,753 756,927 788,749 323,001 623 50E 1 1,764 10,265,562 £42.993,903 $25,591,000 72.674 5,067,479 591.503 191,328 316.002 86,292 37,301 17,796 8.992.083 240) 063 464 PUBLIC UTILIT! Dated eee 1917 . 1918 ao BONDS OUTSTANDING, As of Dec. 31, 1929 Int. Pay. Rate Purpose Extension...... Extension. Series 1... Series 2? Series . Series | Series £ Series] Series | Series Series’ Series Series Series | Series Series Series Series Series Series Series Series Series Series Series T+ 1 Oct. Nov. Mar. Oct. June Mar. Apr. Nov. Nov. Mar. May May May May Dec. July Apr. Aug. Dec. 1 Dec. 1 Nov. 1 Nov. 1 Mar. 1 June 1 Oct. 1 Due 1923-37 1924-38 1925-39 1925-39 1926-40 1027-47 027-4 9127-4 727-¢ 328-4 .929-4 1929-4 1929-4 1929-4 1929-4: 1930-4 1937-50 1937-56 1938-57 1938-57 1939-58 1939-58 1940-50 1940-59 1935-59 Serial A&O Serial M&N Serial M&S Serial A&O Serial J&D Serial M&S Serial A&O Serial M&N Serial M&I« Serial M&S Serial M&N Serial M&M Serial M&? Serial M&1? Serial J&TD Serial J&: Serial A& Serial F& Serial J& Serial J¢& Serial M Serial M Serial } Serial Jc. . Serial A &¢ 3 ssued 390,000 500,000 750,000 .250,000 600,000 “CC¢,000 000 000 C00 “0 90 20 “00 “0 . v :. y pa ¥ i 5 y 929 eee 1029 1 1999 C50 500,000 000 000 Outstd. 208,000 350¢,000 500,000 TRE,000 2,000 2,000 L000 ,000 €<,000 »11,000 238,000 35,000 84,000 69,000 4.000 ¢,000 L000 v0,000 .20,000 000,000 500,000 .000,000 1,500,000 900,000 1.000.000 SEATTLE MUNICIPAL STREET RAILW:Y GENERAL OFFICE: County-City Bldg. Seattle, Wash. SUPERINTENDENT: G. B. Avery. HISTORY: In 1912, City began construction of a line from Third and Stewart St. to 15th W. and Thorndyke, in Ballard, approximately 4 miles. In 1913, City accepted, as a gift, the Lake Burien Line, extending from Spokane Street to Lake Burien, approximately nine miles, half of which was outside the city limits. In 1918, in order to afford adequate transportation to large numbers of shipyard workers engaged in war construction, an elevated road was built along Railroad Ave. from King Street to Spokane Street, and extended on the surface to south industrial districts. On March 31, 1919, after ratification by the electorate, on previous Nov. 5, 1918, the city acquire dfrom the Puget Sound Power & Light Co. the entire street railway system of the city, consideration being $15,000,000 in 20-year utility bonds, bearing 59% interest, principal pavable in annual installments of $833,000, starting March 1, 1922. Principal and interest were paid regularly until 1930, when Puget Sound Power & Light Co. agreed to extension of two vears and waived principal payments of 1930 and 1931 INCOME BY YEARS Operation Bond nterest MM nrecg’s 1918 ........ 159 1920 ........ 1921 1922 ....... 1923 ........ 1924 ........ 1925 conn 1926 ........ 1927 _...... 1928... 1929 Revenue nxpense ise. — LOSS OT Tain £,158,153 5,463,392 5,347,175 5,228,102 5,742,148 5,173,907 5,999,938 3,791,315 3,758,291 5,682,933 5S 602 294 3.5668,729 015,031 431,766 953.302 090,283 1,172,250 1,392,806 1,353,136 L072,081 1,086,755 L002 408 205,119 358,752 359,928 pee. ei i97,11¢ 59.299 718,868 591,932 691,196 640,174 R05.486 332, 8 701,766 728,493 744,390 747 2413 e212 8.961 48,452 109,930 585,973 40 0592 -5, a7 156,:. v -374,360 207 097 COMPARATIVI CONSOLIDATED BALANCE ° TVET, As of Dec ASSET! 1929 rog Plants and equipment... . 086,125 763 Real Estate _..._..._.. 32,902 29 Sinking Fund .... 12,684 I. Cash «ooo. 04,2414 6 Special Cash Funds.................. €,956 | Fund Transfer Loans....... _._ .... bed Accts. Receivable oo... : Materials and Supplies........................ Deferred Assets .._..... Co Unadiusted Dehite Deficit ............... TOTAL ASSETS 7 Cum'tive Deficit "60,705 7.879 “163 575 491 3,359 5,928 »90,782 594,153 537,663 911,823 704 825 Mi 1927 * 080,409 124,146 . 8,316 7 625 40 10 06 ry rq R92 29a THOMSON'S MANUAL LIABILITIES— Bonds Outstanding .... eeeaa-$310,966,900 Warrants Outstanding ...o.eoceoiiiieeienianns 76,640 Fund Transfer Loans Payi¢dle......... .... 324,442 Audited and Approved Claims ro. 227,836 Unaudited Claims .. i. 38,003 Accrued Interest ......... . “6,280 Tickets Outstanding ............ A Special Municipal Liab... ... . o a Deferred Liab. .... eee eoaamannn 205.040 $12,663,500 93,379 421,333 181,135 139,262 212,158 76,137 743,220 613,302 $13,763,385 $14,823.326 As of Dec. 21. 1929 © P= Issued Outstd. 300,000 $ 300,000 125,000 125,000 250,000 350,000 100,000 10,000 000,000 8,336,000 "90,000 400,000 250,000 150,000 "7,000 790,000 5,000 183,000 35,000 44,000 2,000 75,000 36,000 56,000 +,000 emennan 72,000 24,000 75,500 50,400 10,000 10,000 14,500 14,500 26,000 26,000 22 000 23.000 TOTAL LIABILITIES -.... -......312.807.638 BONDS OUTSTANTING. Purpose Dated Sonstruction........ 1913 May 1, Construction... ‘5 Apr. 1 Additions... Apr. 1 Additions... Jan. 1 Pure. P.S.T Mar. ? Additions... Mar. 1 Additions... June Extensions....... Sept. Extensions......... .. Mar. . Greenwood Line.. “uly: 2etterments......... OV.’ etterments......... Nov. 'xtensions............ Mer. Xtensions............ Sept gquipment............ Aug quipment............ ran. quipment............ Dec. iXtensions._........... Mar. ‘ottermentS..ooooo. Oct. 1 vue 1933 1935 1938 1921-30 1022-4 L20-% “pt Serial Serial Serial’ Serial » Serial } Serial Serial J jeria” Naevigd nn te L eeamLd Jari 1025.29 Serial A&G SEATTLE WATER DEPT. GENERAL OFFICE: County-City Bldg. Seattle, Wash. OFFICERS: W. B. Severyns. Supt.; A. M. Lewis. Asst. Supt.; G. B. Shanke, Accountant. COMPARATIVE EARNINGS STATEMENT Total Revenue Expense Depreciation Interest 947,506 $607,118 $503,935 $318,150 1314 574,067 492? 60 282,265 8LF 588,590 44 uf 232,809 06,727 521,053 423,670 221,495 473.416 470.609 365.997 233,875 BONDS OUTSTANDING, As of Dec. 31, 1929 General Lien Dated Due Int. Pav. RR’ Refunding........... 1910 July 1 1930 T Refunding...... ...... 1912 July 1 1913-32 Extension......c...... 1710 July 1 1930 Extension.....e..... = % July 1 1€Z1 Extension..... ...... © Jan. 1 102 Extension... . Eb Jan. 1 1. 4 Tunnel... TJulv 1 .¢° Utilities Bonds Series WI ....... Series V . Series VW en Series V' eee Series VI . Series WZien Net Surplus $505,374 501,222 © 460,712 520,509 402.935 1829... _-197° 0 1926 [ssued 845,000 205,000 500,000 580,000 500,000 75,000 200 000 Outstd. $ 54,858 35,000 500,000 580,000 500,000 75,000 200.000 ,000,000 1,000,000 -,000,000 1,000,000 500,000 500,000 500,000 500,000 1,600,000 1,600,000 400.000 400,000 ~~ e7 N44 85K TOTAT. BOND VALUE TABLES INTEREST TABLES BOOKS ON FINANCE ‘Will send on approval to any rated firm. Most complete stock in Pacific Northwest. THOMSON’S BUSINESS BOOK SERVICE PUBLIC UTILITIES : SEATTLE AND RAINIER VALLEY RY. CO. GENERAL OFFICE: Seattle, Wash. HISTORY: Incorporated under laws of Delaware, June 8, 1916, as successor to the Seattle, Renton & Southern Ry. which was bid in on foreclosure Aug. 16, 1916, by attorney representing bondholders and Common claimants under the plan of reorganization. BUSINESS: Operates electric railway from Seattle to Renton, Wash., a distance of 25 miles, carrying passengers, freight and express. Company operates under a franchise from the city of Seattle, which expires Dec. 31, 1934. Serves a population of about 50.000. Rates are 10 cents, 8 1-3 cents token and 21% cents for school pupils. Power furnished by Seattle municipal plant. PROPERTY: Owns equivalent of approximately 25 miles of single track, standard gauge rails, 56, 60 and 70-1b. T and girder. Trackage is made up as follows: 13.8 miles of main track, 7.2 miles of second main, 3.9 miles of spurs and sidings, a total of 24.9 miles. Owns 27 passenger cars, 14 freight cars, 1 locomotive, 3 work cars, 2 busses, 1 truck. OFFICERS: Marshall E. Sampsell, Pres.; Walter M. Brown, Vice Pres. and Gen. Mgr.; P. C. Eichhorn, Treas. and Asst. Sec’'y; L. J. Clark, Sec'y and Asst. Treas. DIRECTORS: Marshall E., Sampsell, W. J. Latimer, and IL. J. Clark of Chicago. [ll.; Walter M. Brown, P. C. Eichhorn, Seattle. Fiseal Year Ends: Dec. 31. Annual Meeting: Januar Number of Employes: &F CAPITALIZATION: 1. Preferred Stock ooo, 2. Common Stock ......... . eemneeann DIVIDENDS: None paid. COMPARATIVE INCOME STATEMENT. Years Ending Dee. 31 1920 f Operating Earnings ........ Other Income ... (928 1 20] £5 Total Income .._.......... Depreciation and Taxes ..... Net Operating LoSS........ooooooiiimimeeeeeen Interest Charges .... Net Loss ... COMPARATIVE CONSOLIDATED RALANCE SHEET, As of Dee. ASSETS— 1929 Property Account oe ERR A Se nm rman sme aman amare mssnnenseessessave 3 3 VL 5, 602 Materials and Supplies... 11,531 CRBIL sivsrisesrmsanmmimgessengu greens ammeene eames een esesrrs stm eetoeeeeeeeeeee memes eens 18,447 Accounts Receivable ......................._. TTT R,766 Unadjusted Debits oo... TTT ~ ad Deferred DebitS............ooooiiiiimmiiins Discount on BE orien emesnemmenmnrn es mmesmtrm——— eres Deficit ee .e8 2,005,709 9,904 15,779 “eT TOTAL, ASSET 4 EEE LIABILITIES Preferred Stock . Common Stock .... Funded Debt .._.. Notes Payable ....... . _....._. Accounts Payable ..._..... Interest Accrued _.......... oo... o_o... Other Current Liabilities... ° Reserve for Taxes..... me emeeeeee aaa eamn aman Deferred Credits ................... een neeeeteeenemeanememmneesesaem om omemnaonn. Devreciation Reserve TOTAL LIARILITIES 110,000 250,000 .61,500 £,249 186 788 “0¢ or 1:0.000 280,000 61,500 5.249 10,482 16,873 “n61 £8 , 05 20.090 FUNDED DEBT, As of Nec. 31. 1929 Need LT Uh 4 X1 $2. 726.748 | 2. 2 First Mortgage Bonds............ f° General Bonds ...........c...e...... 59 Income Mortgage Bonds........ 6% 3 - 5-10 ‘thorized $600,000 Outstanding $484,000 $577,500 S400 O00 — THOMSON'S MANUAL 1, FIRST MORTGAGE 6% GOLD BONDS Interest Payable: Jan. 1 and July 1, was appointed, composed of F. P. Butat the First National Bank, Chicago. ler. chr.: Hugo Krause, F. D. Hester. Trustee: First Union Trust & Sav- eae ; ings Bank, Chicago. Sinking Fund: 59% of gross receipts Registerable: As to principal. from all sources for preceding 12 Denominations: Coupon bonds, $100, months (but not exceeding $30,000 per 5500 and $1,000. annum), to purchase and retire bonds Callable:’ At 101 on any interest in blocks of $10,000 or more at not to date. exceed 101. Default: Coupons in default since Tax Status: Company pays normal Tulv 1. 1928. A protective committee Federal income tax up to 2%. 2. GENERAL 5% BONDS Trustee: First National Bank, Chicago. Interest in default. 3. INCOME MORTGAGE 6% BONDS Interest in default. SPOKANE, COEUR D'ALENE & PALOUSE RAILWAY CO. GENERAL OFFICE: St. Paul, Minn. CONTROL: By Great Northern Railway Company. HISTORY: Incorporated under laws of Washington, Sept. 15, 1909, as Idaho Central Railway Co.; name changed to present Dec. 11, 1926. With approval of the Interstate Commerce Commission given April 21, 1927, company purchased lines of the Spokane & Eastern Railway & Power Co. and Inland Empire R. R. Co., both electric railways. Company commenced operation of these lines on June 1, 1927, prior to which date it had not been an operating company. Purchase price of these properties was $1,250,000, of which $442,000 represented par value of Coeur d'Alene and Spokane Railway Co., Ltd. first mortgage gold 5s, due Jan. 1, 1929, secured by a mortgage on the property of the Spokane & Eastern Railway & Power Co. and which were assumed and paid at maturity; the balance of $808,000 was paid in cash, advanced by the Great Northern Ry. Co. BUSINESS: The Company is an electric line doing a general freight and passenger business the same as steam roads. It operates no city lines. PROPERTY: Lines of railway operated Dec. 31, 1929, consist of 171.96 miles of main track, 0.24 miles of second track and 38.86 miles of sidings and turnouts; 0.67 mile main line trackage; 0.16 mile sidings, etc.; trackage total 211.96. The lines extend from Spokane, Wash, southerly to Colfax, Wash. and Moscow, Idaho, 126.53 miles, and from Spokane, Wash., easterly to Hayden Lake, Idaho, 45.43 miles. Equipment owned Dec. 31, 1929. consists of 12 locomotives. 35 passenger cars 84 freight cars and 25 work cars. OFFICERS: Ralph Budd, Pres, St. Paul, Minn.; L. C. Gilman, Vice Pres., Seattle, Wash.; G. R. Martin, Vice Pres.; W. P. Kenney, Vice Pres.; C. 0. Jenks, Vice Pres.; F. G. Dorety, Gen. Counsel; F. L. Paetzold, Sec'y and Treas.; Geo. H. Hess, Jr., Compt.; J. R. Davis. Chief Eng.. St. Paul. Minn.: J. H. O'Neill. Gen Mgr... Seattle, Wash. BOARD OF TRUSTEES: Ralph Budd, G&G. R. Martin, F. G. Dorety. F. L. Paetzold St. Paul, Minn.; L. C. Gilman, Seattle, Wash. . Fiscal Year Ends: Dec. 31. Annual Meeting: 9nd Mon. in Jan. Number of Employes: Dec. 31, 1929. 205. CAPITALIZATION: Par Value Authorized Capital SOCK oo. coocrecmirmneneernnannanenen $100 $25,000 Ownership: All Capital Stock owned by Great Northern Ry. Co. INCOME ACCOUNT, Years Endinz Dee. 31 Outstanding 20.000 1929 507,786 691,965 an 1RQ 1928 $ 610,011 794,055 22.853 » 216,897 23.742 £3,155 64.175 1,325 @ _948R RAKE Gross Revenue ........cc...... Operating Expenses _ Taxes _____ Operating Deficit ...... Non-operating Income ..... = NEt INCOME cooooeoeooeieieeeeeaeeeceneeaeremeemnrmnmmemmasnsns memmasamees 2 0 ME Interest on Funded Debt... mieeneenesennnnanns eens £, 354 Other DedUCtiONS oriieeecccctemcmacsnrmmrmrssssoommmmnsnmnoammsnanasmnasanrse 3372 Deficit for vear........ en. 8 -232.717 PUBLIC UTILITIES 257 GENERAL BALANCE SHEET, Dee. 31 ASSETS— Road and Equipment... oe. Other Investments ...... eens Material and Supplies... eee CABIN comincumsinssisss tas UE Sssiathiins ToTthn fhm hmmm pr oe ASRS 5 SA mms mm ree me Other Current Assets................ eee eememeeoemeeseanmeoeeennes Unadjusted Debits ....._ RA Hm ni Ebi Deficit .... eee maaan 1929 386,392 23,037 19,413 1928 $1,339,754 25,546 143,137 139,930 61,804 2,616 10,701 TOTAL ASSETS ¢ LIABILITIES Capital Stock .... 5% Notes ......_. i eee——— Current Liabilities o.oo. Deferred Liabilities oie. Unadjusted Credits ..... ee eneeeeeemsememenmamenseeeee Surplus .... ay 20,000 LE 15 45 "6 5,917 $2,423,488 FUNDED DEBT: The company has no funded debt. In April, 1927, company was authorized by the Interstate Commerce Commission to issue not more than $860.000 of demand 59% promissory notes pavable to Great Northern Rv. Co. TOTAL LIABILITIES .... SPOKANE GAS & FUEL COMPANY GENERAL OFFICE: Spokane, Wash. CONTROL: By Cities Service Power & Light Co. HISTORY: Incorporated under laws of Washington, Nov. 15, 1909, succeeding Union Gas Co. BUSINESS: Company does entire artificial gas business in Spokane, Wash. PROPERTY: Miles of mains, 157.94. OFFICERS: H. L. Doherty, Pres.; T. S. Carter, Vice Pres.; J. L.. Stone, 2nd Vice Pres, Treas. and, Gen. Mgr.; M. W. Thernes, Secy.; R. A. Hoffman, Supt.; C. J. Melrose, Supt. DIRECTORS: H. L. Doherty, T. S. Carter, R. E. Burger, W. A. Jones, A. A. Salmon, of New York; R. A. Hoffman, M. W, Thermes, S. Ramage, H. S. Peyton, W. H. Farnham, W. W. Stenton, B. H. Kizer, F. M. Smith, C. G. Gamble, J. L. Stone, B. H. Hoke, Charles Jolley, C. J. Melrose, all of Spokane. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in vear. CAPITALIZATION: ‘ar Value Authorized Outstanding 1. 6% Cum. Pref. Stock...... $100 300,000 $300,000 2. Common Stock $100 $£2.000,000 £2 000.000 COMPARATIVE INCOME STATEMENT, Years Ending Dec. °° Gross Revenue ...... Operating Expense ._. 04 Q Net Earnings .... Other Income .... Total Income ........... Interest. Amortization. etc. _. Net Income ......o.ccooonnnnn... FUNDED DEBT: v1 1. Union Gas 1st Mort. & Ref.... 5% 2. Sp. Gas. Fuel 1st Mtg. Ref... 59 1-05 12-1-00 i-1-2: L-1-44 ef aorized $1,000,000 5 000 0600 7 Outstanding $267,000 $1.093,000 CITY OF TACOMA LIGHT & POWER DIVISION HISTORY: Tacoma, Wash, is a city of 106,000 population, located on Puget Sound, and is a deepsea port, noted for its lumber industry. Its original light and water system was purchased from its private owners in 1893. Electricity was generated by steam until 1897. Power was purchased from private companies from 1897 until 1912 when a waterpower plant was built on the Nisqually River, 30 miles south of the city. This plant was adequate until 1918 when it was again necessary to purchase power to meet the needs of the city. This continued until 1922 when a 12,000 h.p. steam plant was built. In 1926 the first 50,000 h.p. unit of an extensive development at Lake Cushpian Jag completed. calculated to serve until a second Cushman unit is finished In 9 258 THOMSON'S MANUAL PROPERTIES: (1) Distribution wires, poles and underground ducts now serving the entire city. Practically all rebuilt since 1920. (2) Two main distribution stations and six branch stations. (3) A 32,000 h.p. waterpower plant located at Nisqually, Wash, with its lands and rights. (4) A 12,000 h.p. steam plant. (5) 50,000 h.p. Cushman Power Plant No. 1. (6) Lands, rights and plans needed for the Cushman Project No. 2 already paid for in full COMPARATIVE EARNINGS Gross Revenue Expense Interest Depreciation Taxes Surplus 1029 ___............ $2,271,452 $869,586 $189,179 $330,599 $151,305 $730,783 1928 eee... 1,929,450 513,343 216,217 316,601 128,206 755,083 1927 oo... 1.821.692 782,360 OR 321,120 —— 694,102 COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dee. 31 ASSETS— 1929 1928 Plant and Equipment... oiiiiiannens eenannneaeen $05,776,464 $13,796,344 Sinking Funds -.coooommeeesemmmccnncenans .. TIER 363,951 372,651 CASH oeeooeoeeeeceeaommmmannmmemmmmnnoeessnn % + sermoeescassssssessessees sec 280,670 234,537 Special Deposits oo. cere 64,264 58,678 Loans ReC. ococmmcccannnnnenene . tn mmmabi eng 046 486,545 Accounts Receivable ...coooeiiiceee — eee 4.747 315,659 Materials and SupPlies. oir 1,088 179,304 Other CUTrrent ASSES. .cciiiciiaiios = on covrmirsrsemens semsmoroosesenn 50,765 208 Other Unadjusted Debits........ccccceeies eee arrrnaneeeee 287,808 155,476 TOTAL ASSETS eee nnn snnnnneaeamraneenn- 3 22.6 0T.R03 $15.599,405 LIABILITIES— CAPItAl cooeeiereieree ccna reese eeaaaaennnnena® Warrants Payable ieee iene eo Other ACCIrUALS ooiioeeeiiorceirrrremeemmee meee meamcamas ss sera aoenees Consumers Deposits .eiiireerrrernianni nena Amounts Payable o.oo Deferred Liabilities reser eames Depreciation ReServe iin Other RESET VES cceeieemeamncaacmmmummssanns + mmcssmeassssssssrocmeecsssse TOTAL T.TABILITTES memes - BONDS OUTSTANDING, As of June 1, 1930 Due ‘nt Tr HC Issued Outstd. 1930-40 $3,185,000 $3,185,000 i 000,000 1,000,000 &- “50,000 1,500,000 Lo a= ,050,000 1,350,000 a4. 2.000.000 2 000.000 $9 035.000 TOTAL ooeoeeeeeeeeeannnnenneee-$9.035.000 Coupon Bonds, in $1,000 denomination. Principal and interest payable at State Fiscal Agency. N.Y. or Citv Treasurer's office, Tacoma, Wash. SECURITY: Bonds, in opinion of counsel, are valid and legally binding obligations of the City of Tacoma, payable both principal and interest solely out of special funds known as “City of Tacoma Electric Light and Power Fund of 1929” and “City of Tacoma Electric Light and Power Fund of 1930” respectively. The City of Tacoma. irrevocably binds itself not to sell, lease, or in any manner dispose of its light and power system, including any additions thereto, until all of the bonds with the interest thereon have been paid in full or in case the city should sell or otherwise dispose of the said plant and system before such payment, the City agrees that the proceeds of any such sale, after the payment of all prior charges, shall be placed in special funds to be used for no other purpose than the discharge of the principal and interest of all bonds issued and then remaining unpaid, and that in any event it will not sell said system for a sum less than enough to pay all of such outstanding obligations with the interest accrued thereon. The City further covenants not to reduce its rates or charges for electric energy so that the amount of revenue therefrom, after payment of all cost of operation and maintenance and all prior charges, shall amount to less than the amount necessary to pay principal and interest on these bonds. The charter of the City of Tacoma prohibits the granting to any person Or corporation of a franchise privilege or right to sell or supply electricity within the City of Tacoma as long as the City owns and operates a plant for that purpose. PUBLIC UTILITIES F TACOMA RAILWAY & POWER CO. GENERAL OFFICE: Tacoma, Wash. CONTROL: By Puget Sound Electric Ry., which is controlled by Puget Sound Power & Light Co. HISTORY: Incorporated under laws of New Jersey, Feb. 7, 1899, as a consolidation of City Park Ry. Co., Tacoma Ry. & Motor Co. and Tacoma Traction Co. BUSINESS: Does entire electric railway business of Tacoma, except for the operation of the municipal “Tide Flats” car line, which was taken over by the city of Tacoma on Jan. 1, 1919, and which had been operated by the company under contract prior to this date. SUBSIDIARY: Tacoma Bus Co. ! OFFICERS: J. A. Barbee, Pres.; Frank D. Oakley, Vice Pres.; Wm. E. Wilmot, Treas.; Clinton S. Reynolds, Sec’'y; W. L. Crawford, Asst. Sec’'y; Richard T. Sullivan, Gen. Mgr. DIRECTORS: J. A. Barbee, Boston, Mass.; Carlyle Barton, Baltimore, Md.; Willard T. Carleton, Boston, Mass.; W. Rodman Peabody, Boston, Mass.; Howard R. Taylor, Baltimore, Md. Fiscal Year Ends: Dec. 31. Annual Meeting: February. CAPITALIZATION: Par Value Authorized Outstanding Common Stock _.......... ... cco roe. $100 $600,000 $600,000 All owned by Puget Sound Electric Ry. and pledged by this company under its first cons. 5s, due Feb. 3, 932. INCOME TATEMENT, Year Ending Dec. 31, 1929 Operating Revenue .. Dperating Expense .. Net Operating REVENUE... oem eeemaee Taxes eer $1,268,369 1.082.839 = 9 os Operating Income ..._. . .. Other Income .. GTOSS INCOMC oe eee eee eee eee eee eee eee eee eeee ema e me mmmann Interest and Miscellaneous Exvense_............... Deficit J 48 a2 FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding First Mortgage Bonds............ 5% 4-1-99 4-1-29 $1,500,000 $1,500,000 P. S. Elec. Ry. Bonds.......u...... 5% 1-1-23 4-1-29 $4,044,000 $4,044,000 NOTE: Both bond issues matured April 1. 1929, and are in default since that date. PROTECTIVE COMMITTEE: J. A. Barbee, Chairman: W. Rodman Peabody, Charles F. Adams, Roger Amory, Howard R. Taylor, Carlyle Barton. Old Colony Trust Co., Boston. Depositary. Safe Deposit & Trust Co.. Baltimore, Sub-Depositaryv COMPARATIVE CONSOLIDATED RALANCE SHEET, As of Dec. 3. ASSET: s- 29 "R91 36 “0 vq DASNY summers, Notes Receivable Accounts Receivable ... Materials and Supplies... Total Current Asse: Roads, Plants & Equipmel Stocks of Affiliated Companiés.....cooooeeeeeeeoeeeooe Advances to Affiliated Comvanies.......o.cooooooeeeeooooee oo... Other Investments ...... SRE Prepaid Insurance, ete. .... eens Other Assets _.......... 0s, 1X MANS. 1 | +500 107 = OC 2,825 10,214 TOTAL ASSETS oo. 8h 420.080 LIABILITIES — Accounts and Wages Pavable.............. oo... Accrued Interest, etc. .. Taxes Accrued .... Unadjusted Credits ...... NER rsa annnnns naa Other Liabilities ..._....... enema aemm emanate anas Due P. S. Electric RY. ooo ee Funded Debt ..___.. BEER hn TESA EASA SAR rn Capital Stoek _........___. er eee een e eee eannn Surplus . 65,467 68,750 67,918 70,260 1,097 265,000 ,.544,000 600,000 ~262.240 TOTAL LIABILITIES eee Deficit ER 490 ORD Li bo 4 £ vr "2 ~0 ,. 18 £43 20 J0 ~0 n 2 0 THOMSON'S MANUAL UTAH POWER & LIGHT COMPANY GENERAL OFFICE: Salt Lake City, Utah. CONTROL: By Electric Power & Light Corp., 2 Rector St.,, New York. HISTORY: Incorporated under laws of Maine, Sept. 6, 1912. BUSINESS: Company, directly or through its subsidiary, supplies electric power and light service in 281 communities, including Salt Lake City and Ogden, Utah (operations in which two cities are conducted in part under long term leaseholds), and many other cities and towns and also to extensive rural districts in Utah, southeastern Idaho, southwestern Wyoming and southwestern Colorado. Company has a number of long term contracts for the sale of large blocks of power. Company serves more than 109,600 electric customers. PROPERTY: Company owns all securities (first mortgage bonds and capital stock) of the Western Colorado Power Co. and all capital stock (except directors’ shares) of the Utah Light and Traction Co. Electric power and light properties of the latter are operated, under a 99-year lease (from Jan. 1, 1915), by Utah Power & Light Co. which, together with The Western Colorado Power Company, now operates generating plants having a total installed capacity of 237,117 k.w., of which 198,327 k.w. is hydro-electric. The present transmission and distribution systems owned and leased by the company, together with those of Western Colorado Power Co., total 5,462 miles. SUBSIDIARIES: Utah Light & Traction Co., Western Colorado Power Co. OFFICERS: G. M. Gadsby, Pres. and Gen. Mgr.; John F. MacLane, Vice Pres. & Gen. Counsel; S. R. Inch, Vice Pres.; D. F. McGee, Vice Pres.; E. W, Hill, Vice Pres.; George B. Thomas, Vice Pres. & Sec’y; P. M. Parry, Vice Pres. & Commercial Mgr.; E. P. Summerson, Asst. Sec’y; H. L. Martin, Asst. Sec’'y; R. H. Jones, Treas. & Asst. Sec'y; J. W. Twelves, Asst. Treas.: A. C. Ray, Asst. Treas.; G. J Hickman, Asst. Treas. DIRECTORS Lafayette Hanchett, Salt Lake City. Herbert S. Auerbach, Salt Lake Cit A. P. Bigelow, Ogden, Utah. C. P. Castle, Salt Lake City. L. H. Farnsworth, Salt Lake Cit; Joseph T. Farrer, Provo, Utah. J. W. Funk, Richmond, Utah. G&. M. Gadsby, Salt Lake City. OC BE. Groesbeck. New York. Charles Hayden, New York. John C. Howard, Salt Lake City. S. R. Inch, New York. Stephen H. Love, Salt Lake City. S. Z. Mitchell, New York. C. W. Nibley, Salt Lake City . C. H. Solier, Evanston, Wyo. ¢ CC. Wright. Idaho Falls, Idaho. FAPYTALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding $7 Preferred SOCK. nnaeeaecasnmeenemaeane) OD PAT 300,000 shs 210,564 shs $6 Preferred SLOCK aaaeecemresennammeeenesl 1 O PAT 210,000 shs 34,491 shs Common StOCK eeeeeeeeaccaenmemeee -NO Par 3.000.000 shs 3.000.000 shs L. %. 3 1. $7 PREFERRED STOCK Provisions: Has equal preference Ex-Dividend Date: Mar. June, Sept. with $6 Preferred stock as to assets and Dec. 5. and dividends. In liquidation entitled Transfer Agent: Guaranty Trust Co. ro $100 per share and dividends. New York, and Utah Savings & Trust _Callable: At $115 per share on any Co., Salt Lake City. dividend date on 30 days’ notice. Registrar: Bankers Trust Co. New Convertible: No. York, and Tracy Loan & Trust Co. Voting Power: Non-voting. Salt Lake City. Hava " Divi : i . Public Offering by: ayden, Stone sm ey & Co. and Electric Bond and Share Co.. dividend paid Aug. 31, 1913. and regu- 1926, at 101. I1arlv thereafter to date Number of Stockholders: 8.700. 2, CUMULATIVE $6 Provisions: Has equal preference with $7 Preferred stock as to assets and dividends. In liquidation entitled to $100 per share and accrued dividends. Callable: At $110 per share on any dividend date on 30 days’ notice upon vote of majority of Common stock. Tax Status: Company pays normal Federal income tax up to 2%. Dividends: Jan., Apr.. July, Oct. 1, PREFERRED STOCK initial dividend July 1, 1927, since continued quarterly.-Ex-Dividend Date: Mar. June, Sept.. Dec. 5. Transfer Agent: Guaranty Trust Co., New York; Utah Savings & Loan, Salt Lake City. Registrar: Bankers Trust Co., New York, and Tracy Loan & Trust Co. Salt Lake City . Public Offering by: Ross, Beason & Co., Salt Lake City, June, 1927. Number of Stockholders: 1.900. PUBLIC UTILITIES COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 1928 2,232,” ? ’ 5.420 Gross Revenue ......o....ooooooioiiiiiiiiinnnaen, Operating Exp. and Taxes................... adn 1927 12,228,627 742 174 Net Earnings .......... Other Income ..... Total Income ...... Interest on Bonds...... ...... _._. Other Interest etc. ....ocoooeoirieeeieeen. Net Income ........ Dividends on Preferred seock.... Balance ..... Depreciation .............. Balance ........ ...._. _ Earned, per share Preferred Stoch. Earned, per share Common Stock...... COMPARATIVE CONSOLIDATED BALANCE SHEE1. As of Dec. 3. ASSETS— 1929 14 94,105,064 )2,871,895 667.708 455,408 Plant, LLeaseholds & Securities........... Construction Advances _.. Current Assets: Cash ........ ARR rate Notes & Loans iw. ..vable....... Accounts Receivable ......... Material and Supplies...........c............ Prepaid Accounts ... ann 947,110 ,068,125 ,305,424 ,004,216 55.459 836,163 3,650,6R9 Te Ag y 70 Total Current Assets... Guaranty-Utah L. & Trac. Bonds.... 'namortized Bond Discount... Deferred Debits “20.; 7. 5,820, 4 J r6 5 IE 89,000,298 2.260.492 948 4 9 “98 TOTAL ASSETS ee 8121.74% g' 7 LIABILIT +=Capital Stock ... Funded Debt .........oooooceeiieiiameaanai Current Liabilities: Dividends Declared .................. Notes and Loans Pavable.. Accounts Payable .... Customers’ Deposits .. Accrued Accounts 14825... 247 000 67 h Cc <q £3,01¢, 00 © 77,000 299 £517 «wr wih try Total Currer “.iab’'itiec .. Guaranty -Utah lL. « Trac. Bond: Deferred Credits ..... Reserves .. Surplus ..... 1, 2. 2 TOTAL LIARILITIFES 9 845 6:1 FUNDED ™EBT, As of Dec. 31, 192° te Dated Due Authorized 1st Mortgage Gold Bonds...._. 2-2-14 2-2-44 3100,000,000 1st Lien & Gen. Bonds...........44% 4% 2-1-28 2-1-44 Unlimited Debhenture Bonds, Series A... 69 5-1-22 2022 Unlimited Outstanding $27,847,000 $5,500,000 $5.000.000 *. FIRST MORTGAGE 85% GOLD BONDS Interest Payable: » 1, at office Security: First mortgage on all the nf trustee. fixed property, rights, franchises in Trustee: Guaranty Trust Co. New states of Utah, Idaho and Wyoming; “ork. first lien on all property of Western Reglisterable: As to principal. Colorado Power Co.. through deposit Denominations: Coupon $100, $500. >f securities. $1.000. Oftered by: Harris, Forbes & Co. Callable: On any interest date on New York, and Perry, Coffin & Burr. four weeks’ notice at 105. Boston, in 1914-15-18-23-27, at 95, 92, Sinking Fund: 19 of bonds out- 13, 83, 891% and 98, respectively. standing each year on Dec. 31 from 1916 Listed: On New York Stock Exto 1918, incl.; 29 from 1919 to 1933, change. and 21% 9% thereafter, to purchase or Price Range: redeem bonds at 105 or improvements. 1929 1928 1927 Tax Status: Companv does not pay High 101% 1033 1021 normal income tax. Low .. 95 983, 9714 THOMSON'S MANUAL 2. FIRST LIEN & GENERAL MORTGAGE 4%4% GOLD BONDS Interest Payable: F. & A. 1, at office Tax Status: Company pays normal of trustee. Federal income tax up to 2%. Trustee: Guaranty Trust Co. New Security: By general mortgage on York. entire physical praperiise, and by : . ‘nel pledge of equal amount o irst mort-Registerable: As to principal. gage bs, 1944. Denominations: Coupon, $1,000. Offered by: Harris, Forbes & Co, Callable: ' To Jan. 1, 1933, at 102%, New York, and Coffin & Burr, Inc., Bosand at 1% % less each Feb. 1 to Feb. 1, ton, March, 1928, at 963. 1942: thereafter at par. Price Range: 1928, high, 96; low, 95. 3. 6% GOLD DEBENTURE BONDS, SERIES A Interest Payable: M. & N. 1, at office Federal income tax up-to 2% and reof trustee. funds Penn. 4-mill tax. Trustee: Central Hanover Bank & Security: Direct obligation of com-Trust Co., New York. pany, but not secured by mortgage. Registerable: As to principal $100 Offered by: Bonbright & Co. Inc, and $500; prin. and coupon, $1,000 and wden, Stone & Co., and Electric Bond $500. Share Co., New York, May, 1922, at Denominations: Coupon, $100, $500 $1,000 and $5,000. « Rangc: Callable: At 110 May 1, 1947 to Oct 128 1927 1926 19256 21, 2016; thereafter at par. 5. 1% 107% 9915 941, Tax Status: Company pays normal LOW cceeeneeee1 U3 100% 881% 881, VANCOUVER ISLAND TRANSPORTATION COMPANY, Ltd. GENERAL OFFICE: Victoria, B. C. HISTORY: Incorporated under laws of British Columbia to acquire, expand and improve 11 motor bus lines operating out of Victoria, B. C., together with equipment, terminal leases and an exclusive franchise granted by the District of Saanich and expiring June 25, 1948, with the privilege of renewal. The bus lines acquired were Lake Hill, Cordova Bay, Gordon Head, Deep Grove, Gorge, Red Line, Agnes and Marigold, West Saanich, Keating-Brentwood and Gray Line, operating between Victoria and Nanaimo, Victoria and Sidney. PROPERTY: Company owns 29 motor coaches. 17 additional on order, equipment, tools and a machine shop. DIRECTORS: J. S. H. Matson, J. L. Tait. W. B. Monteith, R. T. Elliot, C. L. H. Branson. CAPITALIZATION: Par Value Authorized Outstanding Common Stock ___.... eeeeneee $100 $500,000 $500,000 FUNDED DEBT, As of Dec. 31, 1929 Ist Sinking Fund Rate Dated Due Authorized Outstanding Cold Debentures .......cocceeeceeeeaeeee 1% 5-1-28 5-1-4383 $500,000 $350,000 Interest Payable: May 1 and Nov. 1 2t the Bank of Montreal, Victoria; Nanaimo or Duncan. Mh i Royal Trust Co., Victoria, Registerable: As to principal. Denominations: $100, $500 and $1,000 coupon bonds). . Callable: As a whole or in part at L05 on 60 days’ notice. Sinking Fund: Sinking fund payments of 5% made annually, beginning Nov. 1, 1930, sufficient to retire about 75% of the issue by maturity. Security: Secured by a specific first mortgage on all assets and property of company, now owned or hereafter acquired. Company mav free from the lien thereof, sell or otherwise dispose of any portion of its equipment which will improve the position of its business providing that consideration received shall form part of the specifically mortgaged equipment. Additional debentures may be jssued up to $150,000 for the acquisition of further equipment in properties, such additions to be pledged hereunder. Purpose: Issued for acquisition of flow rolling stock and for working capital. Offered by: Branson, Brown & Co., Ltd., Victoria, B. C, at 100, with bonus of one share of Common stock with each $1,000 debenture. Fractional share to be adjusted on the basis of e850 a share. WASHINGTON GAS AND ELECTRIC COMPANY GENERAL OFFICE: 10th and A Streets, Tacoma, Wash. CONTROL: By North American Gas & Electric Co., 57 William St., New York. HISTORY: Incorporated under laws of Delaware, Oct. 25, 1926. Acquired gas properties of the North Pacific Public Service Co. at Aberdeen, Hoquiam, Chehalis and Centralia, all in the State of Washington, on Nov. 1, 1926, and electric and water properties of the Longview Public Service Co. at Longview, Wash, Jan. 31, 1927. In January, 1928, acquired the Tacoma and Puget Sound divisions of the Mountain States Power Co. In December, 1929, acquired electrical distribution system at Morton, Wash. Also in January, 1930, acquired electric distribution system (Columbia Utilities) at Vernonia. Ore.. for operation of whieb the Oregon Gas & Electric Co. was formed. PUBLIC UTILITIE. BUSINESS: Furnishes electric light and power directly at retail without competition in the cities of Longview and Morton, Wash, and territory adjacent thereto, and manufactured gas in Tacoma, Everett, Olympia, Aberdeen, Hoquiam, Centralia and Chehalis in Washington. Water is supplied at retail in Longview. Total population served is estimated to exceed 250,000. Company's electric power requirements at Longview are purchased under long-term contracts with the Long-Bell Lumber Co. The company generates its own power at Morton. Total number of electric customers, 3,443, and for 12 months ended Dec. 31, 1929, 9,185,893 k.w. hours of electric energy was sold. The total number of water customers is 2,407, and for 12 months ended Dec. 31, 1929, 36,053,500 cubic feet of water was sold. The total number of gas customers is 17,407, and for 12 months ended Dec. 31, 1929, 578,933,100 cubic feet of gas was sold. PROPERTY: The gas department comprises manufacturing plants located at Tacoma, Everett, Aberdeen and Chehalis. The aggregate daily capacity of the manufacturing plant is 6,495,000 cubic feet, with storage capacity of 2,495,000 cubic feet. Transmission and distribution systems aggregate 421 miles of mains. Water department comprises water pumping and distribution system in Longview, Wash., and adjacent territory. OFFICERS: Phillips B. Shaw, Pres.; Leo Loeb, Vice Pres. & Treas.;: L. E. Yeager, Vice-Pres.; C. Y. Bowers, Vice-Pres. and Gen. Mgr.; F. D. Reid, Secy. & Treas.; Mary L. Lause, Asst. Secy. & Asst. Treas.; P. G. Anderson, Asst. Secy.;: H. G. Lambert, Asst. Secy. DIRECTORS: Phillips, B. Shaw and Leo Loeb, 57 William St., New York City: A. C. Aliyn, 100 West Monroe St.,, Chicago, Ill.; Chas. W. Yant and L. E. Yeager, 30 Broad St, New York City; C. Y. Bowers, Tacoma, Wash.; John S. Shedden, 2 Rector St., New York City. GENERAL AUDITORS: Arthur Young & Co., New York. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tuesday in January. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding 7% Cum. Preferred Stock.......cccccc..... $100 25,000 shs 9,407 shs Common Stock wseese-e-..NO Par 100.000 shs 60,000 shs 1. 3 ie. 7% CUMULATIVE Provisions: Fully paid and non-assessable. Has preference over the common stock both as to assets and dividens. Additional preferred stock may be issued under certain restrictive provisions. Callable: On any dividend date at 3110, on 30 days’ notice. Voting Power: Has voting power only on default of four quarterly dividends. Dividends: Regular dividends paid COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31,1929 PREFERRED STOCK quarterly Jan. Apr., July, Oct. 1, from date of issue to present date. Ex-Dividend Date: 15th of preceding month. Transfer Agent: Equitable Trust Co., New oYrk, a Registrar: Chemical Bank & Trust o. Publie Offering by: A. C. Allyn & Co., New York, and Howard L. McCandless & Co., May, 1927, and Feb. 1928, 2t 98 and 100, respectively. —— Gross ReVeNUe o.oo. Dperating Expense and Depreciation........ Balance COMPARATIVE BALANCE SHEFF" Dec. & 1926 PF 21€73,420 995 2,534 "211 103 AE ASSE% Property ... Investments REARS CAS iit eet eee eee Accts. and Notes Receivablel ian... Stock Subscriptions Receivable iii Inventories ........o..ccooeeee... DIR rr hme nn mmm am AACR Unamortized Debt Discoune...... .. Prepaid and Deferred CharZes. ....o.oooomnoomooe TOTAL, ASSETS LIABILITIES-Preferred Stock ..... ee eeeeeeeeeameeemamemeamaee ome eo emma an ne namnnn Preferred Stock Unissued.......... .. oooooooeoeeiie ol Common Stock .. + mmteseasmasnmr ean. —n——_————————— Funded Debt ..___.. eemroaeateesmasereeeeeaseemmemmeoeomenn Due Affiliated Co- Snag min emma ——— Accts. and Notes =» eeeeeeeeroc tev aneeneae—nn eons Accrued Liabiliti€. o.oo Customers Deposits «ooo Reserves ..... en eraceetar Crmaeceeememmeseesesmsasancmoomann Surplus .... ee eee emeeeeeeeeeeeameeeeeeeseeeeee meee emo eee TOTAL LIABILITIES _ r 10.860 440,700 29,000 175,000 1,365,000 74,485 542,758 139,168 73,340 ,062,704 1.138.603 N.]AK0D 758 Tan. 31, 1028 0 "9K 407 10.000 ME) 82.500 ‘92'195 72.031 67.336 ,046.501 3.036.570 210 202 DR 164 THOMSON'S MANUAL FUNDED DEBT, As of March 1, 1930 Rate Dated Due Authorized Outstanding 1st Mtge. Gold Bonds............ 5%% 2-1-27. 2-1-47 $1,715,000 $1,715,000 ist Mtge. Gold Bonds.............. 5% % 1-1-28 1-1-53 $1,650,000 $1,650,000 1st Lien and Gen. Mtge......... 6% 2-1-30 2-1-60 $2.000.000 $2,000,000 1. 2. 2 1. FIRST MORTGAGE GOLD BONDS, 514% SINKING FUND. SKRIES OF 1947 amount of all Series of 1947 bonds outstanding at any one time during six months next preceding dates of respective payments, to be used for acquisition of bonds of Series of 1947 at or below current redemption price, and all bonds se acauired be cancelled. Tax Status: Company pays normal federal income tax not to exceed 2%, and refunds 4 mill tax, Mass. 6% income tax and Calif. personal property tax not in excess of four mills. Security: First mortgage on all the fixed property owned by the company. Legal Opinion by: Seibert & Riggs, New York. Offered by: A. C. Allyn & Co. and W. C. Langley & Co., New York, Mar., 1927, at 98. Listed: On Chicago Stock Exchange. 2. FIRST MORTGAGE GOLD BONDS. 51,9, SERIES OF 1953 Interest Payable: J&J at National Tax Status: Company pays normal Bank of Republic, Chicago, and office federal income tax not to exceed 2% of trustee. and refunds Penn. 4 mill tax, Mass. 6% Trustee: Equitable Seaboard Bank & income tax and Calif. personal property Trust Co., New York. tax not in excess of 4 mills. Registerable: As to principal. Security: Direct first mortgage on Denominations: Coupon $100, $500. all fixed property owned by the Com-$1,000. pany. Callable: In whole or in part on any Legal Opinion by: Seibert & Riggs. ingseost, ante oy thirty, 25p% See to New York. and including Jan. 1, , a an accrued interest; thereafter to and in- Offered by: A C. pliyn Cue cluding Jan. 1, 1938, at 104; thereafter and W. C. Langley o., New York. to and including Jan. 1, 1943, at 103; tfered: Jan. 1928, and Mar. thereafter to and including Jan. 1, 1948, ae, ore at 102; thereafter to and including Jan ’ . 1 1952 at 101. and thereafter at par Listed: On Chicago Stock Exchange Interest Payable: F&A 1. at National Bank of the Republic, Chicago, or at :rustee’s office. Trustee: Equitable Seaboard Bank & Trust Co., N.Y. Registerable: As to principal. Denominations: Coupon, $100, $500. $1,000... Callable: In whole or in part on any interest payment date on 30 days’ notice to and including February 1, 1937, at 105 and accrued interest; this premium of 5% of the principal decreasing at the rate of %9% of the principal on each February 2 thereafter to and including February 2, 1946, and thereafter at 100 and accrued interest. Sinking Fund: Company covenants to pay trustee on Feb. 1, 1928, and on each Feb. 1 thereafter to and including Feb. 1. 1946, 19% of greatest aggregate 3. FIRST LIEN & GENERAL MORTGAGE 6% GOLD RONDS. SERIES 1960 Interest Payable: Feb. 1 and Aug. 1, © tric Co., and more than 9915, 9% of comat Central Trust Co., Chicago, or trus- mon stock of Dominion Electric Power tee’s office. . Co. and of Dixie Power Co. Further Trustee: Equitable Trust Company, secured by direct mortgage on all fixed New York. property owned by Washington Gas and Registerable: As to principal only. Electric Company, subject to bonds Denominations: Coupon $100. $500, which may be secured by any prior lien $1,000. now or hereafter created or existing. Callable: In whole or in part at any and of which $3,596,000 First Mortgage time upon thirty days’ notice at 105 bonds are outstanding. and accrued interest to and including Stock Purchase Warrants: Each bond Feb. 1, 1940, this premium of 5% de- \s accompanied by stock purchase warcreasing at the rate of 14% on each rant, non-detachable except when exer-Feb. 2 thereafter to maturity. cised, evidencing right of holder to Tax Status: Company pays normal purchase two shares of Class A Stock, federal income tax not to exceed 2%; $1.60 Dividend Series, of North Amerirefunds personal property taxes ia can Gas and Electric Co. for each $100 posed by the States of Conn., Penn, and Principal amount at the following Calif., not exceeding 4 mills; Maryland prices: to and including Feb. 2, 1932, not exceeding 4% mills; Michigan not at $20 per hsare, thereafter to and exceeding 5 mills; Iowa tax up to 6 including Feb. 2, 1934, at $22 per share mills, and Mass. income tax. not in ex- and thereafter to and including Feb. 2 cess of 6%. 1935, at $25 per share. Security: Pledge with trustee of ali Offered by: A. C. Allyn & Co. common stock of Oregon Gas and Elec- Listed: Chicago Stock Exchange. PUBLIC UTILITIES 209 WASHINGTON MOTOR COACH COMPANY, Inc. GENERAL OFFICE: 300 Central Terminal, Seattle, Wash. EXECUTIVE OFFICE: Henry Bldg. Seattle. HISTORY: Incorporated under laws of Washington, April 1, 1924, as the Yakima Northern Stages. In 1928, Wolverton Auto Bus Co. and Puget Sound Motor Coach Co. were acquired. BUSINESS: Company operates passenger motor busses over 12 routes in State of Washington, as follows: Yakima-Ellensburg Wenatchee-Leavenworth Ellensburg-Easton Seattle-Ellensburg Yakima-Wenatchee (2 routes) Seattle-Tolt Wenatchee-Spokane (2 routes) Spokane-Coulee Wenatchee-Oroville Yakima-Hood River, Ore EQUIPMENT: 50 motor coaches, 6 trucks. SUBSIDIARIES: Olympic Peninsula Motor Coach, 100% Common Stock. Walla Walla-Pasco Motor Coach Co., 60% Common Stock. Yakima Motor Coach Co. Inc, 72% 9% Common Stock. OFFICERS: C. B. Fitzgerald, Pres.; R. T. Whiting, Vice Pres.; Thos. H. Swale, Sec'y; J. R. Yost, Treas. RECTORS: C. B. Fitzgerald, R. T. Whiting, Thos. N. Swale, J. R. Yost, F. W. ull. OPERATING STATISTICS Passengers Carried Total Mileage Passenger Miles 56,680 436,982 1,324,284 68,468 724,495 3,223,992 106,820 995.952 5.881.579 132 1928 1929 Cpe "TION, As of April 19, 1930 » Value Authorized 1. Preferred Stock ..... v $500,000 2. Common Stock ..... 0 $750,000 After giving effect to 100% Common Stock dividend April 10, 1930. . DIVIDENDS: On Preferred stock, 8% per annum paid quarterly (Jan., Apr., July, Oct.) in 1927, 1928, 1929. On Common stock, $25,225 stock dividend in 1928; 100% stock dividend April 10. 1930. No cash dividends. Outstanding $285,041 $431,266 COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 {As reported to Department of Public Works, Olympia, Wash.) 1929 1s TE9,70¢ Lar Gross Revenue ........ .._._.. . . Operating Expense and Taxes... Net Earnings ... Other Income .......... Total Income ___.._............... [nterest, Amortization, etc. ..... Net Income ........................_... Preferred Dividends .....................__ Surplus for the vear...... COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. ¢ {Ag reported to Department of Public Works, Olympia, Wash.) ASSET a929 10¢ Cash o.oo... Notes Receivable ........ . : Accounts Receivable ........................ Material and Supplies........ Stock Subserintions 1.976 “C 1 14627 888 950 26 0 5 " Total Current Assets... Mortgage Yakima Motor Coach Co. .. Investments (Subsidiaries) .................. Advance to Affiliated Companies... Equipment ...... _ 7 Franchises, Intangibles. ete. ..... Prepaid Items .... Deferred Debits .... em emr——aaa. TOTAL ASSETS yU,* «5 22 F0)( +.¢51 7,649 ARN 9 RT i 7 8 ~ 072 oF 019 a 27 72N 266 THOMSON'S MANUAT. LIABILITIES— Notes Payable eee eenmennmneeneeeee $25,000 Accounts and Wages Payable ..oeeeraneeees 17.397 yn Eg 41,829 5,932 47,751 16,623 225 96,750 100,000 17.372 Total Current Liabilities..cccoiimeeaeee. Equipment Contracts .... .ooemveee Depreciation ReSErve ..oeomomemieeseeoee Other Deferred Items ..ccomimmaaeeee- . Preferred Stock ees Common StocK .cmmmeeccee veeees eeanan——n TOTAL LIABILITIES eeeeeeaemnnmeneeeen$ 1.019, 887 ERR. x3¢ 278 730 WASHINGTON, IDAHO & MONTANA RAILWAY COMPANY GENERAL OFFICE: Potlatch, Idaho. HISTORY: Incorporated under laws of Maine, Mar. 10, 1905. PROPERTY: Repair shops at Potlatch, Idaho. Five oil burning locomotives, 964 freight cars, 2 cabooses, 4 passenger cars, 3 pieces work equipment. OFFICERS: F. S. Bell, Pres.; F. E. Weyerhaeuser, Vice-Pres.; C. R. Musser Secy.; A. W. Laird, Gen. Mgr. & Treas.; W. J. Gamble. Supt.; J. R. Scott. Auditor: S. E. Andrew, Master Mechanic. DIRECTORS: F. S. Bell, Winona, Minn.: F. E. Weyerhaeuser, St. Paul, Minn; R. D. Musser, Little Falls, Minn.; William Musser, Iowa City, Iowa.’ Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Thursday in August. Number of Employees: Average 107 in 1929. CAPITALIZATION— Par Value Authorized Outstanding Common StOCK cicamrimraeencemrmnennnareenaoonnenas $100 $1,000,000 $1,000,000 DIVIDENDS: $30,000, Apr. 14, 1914; $30,000, June 27, 1914; $30,000, Dec. 21, 1914: $30,000, June 30, 1915; $60,070, June 14, 1916; None since. COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 09 1928 1927 ! ate $372,625 280,282 u2,343 4,077 06,420 7,723 2 4% 697 Gross Revenue ...coeeeeeen Operating EXpense ccc... Net ‘Earnings cnn aren mm ERTS SR wn Other INCOME .oooieoiriammcreenememeeeamnnmmannsenmenn Total INCOME .ooiceciiammaaoceomeceimmnnecennes Interest, Amortization, Ete. iriicrrnnaienes Net INCOTNIC ooooeooceeceramenaamee cannes mmm I A _..030 WASHINGON WATER POWER COMPANY GENERAL OFFICE: Spokane, Wash. CONTROL: By American Power & Light Co. HISTORY: Incorporated under laws of Washington, 1889. BUSINESS: Company's system (including the properties of its subsidiaries and the properties in Coeur d'Alene and Lewiston, Idaho, and 15 other communities in Idaho and Washington) supplies directly or indirectly electric power and light service in 63 communities in eastern Washington and 30 communities in northern Idaho. The city of Spokane and surrounding districts, the Coeur d’Alene mining section of Idaho and extensive electrically irrigated agricultural districts are included in the territory served. Water is supplied to Coeur d'Alene, Idaho, and six other communities in Idaho and Washington, and steam heat in Spokane, Wash. The total population of the territory served is estimated at 233,000. Company's system serves 61,800 power and light customers. Power is supplied to a wide diversity of industries among which are paper, lumber, cement and flour mills, irrigation systems, mines, and smelting and electrolytic zinc reduction works, in addition to other public utilities. Company supplies through a subsidiary all the power required for the operation of 130 miles of electrified line of the C., M., St. P. & Pac. Ry. Co. Company has an agreement with the Great Northern Ry. whereby the latter agrees to purchase power from: the Company for the operation of its rail lines, when and if electrified before 1950, east from Wenatchee, Wash., and as far as Troy, Mont.. the first section of electrified railroad to be not less than 70 miles. SUBSIDIARIES: Intermountain Power Co. and Okanogan Valley Power Co., owning a power plant and transmission and distribution systems; Chelan Electric Co., owning a power plant at Chelan Falls in central Washington ad having storage rights on Lake Chelan; and Spokane United Railways and Spokane Central Heating Co., which supply, respectively. transportation servira and steam heat in the city of Spokane, Wash. PROPERTY: Coeur d'Alene lake, situated in Idaho, about 30 miles east of Spokane, constitutes the primary storage reservoir for the Company's six plants on the Spokane river. This storage is available during the low water and peak periods and allows a considerable increase in flow of the river during such periods PUBLIC UTILITTF PLANTS wong l.akKe_._... . mmr Chelan (Chelan Falls)...... Little Falls. Nine Mile.... Post Falls....... Spokane Uppei: + Monroe Street, pol . Oroville (Similkamee.. er me emma a Other Plants (incl. 200 kw. steam)........ enna 10,000 KW 7,000 kw. 500 kw. G00 kw, 2E0 kw. 70 kw 0 kw kw. 2660 kw. © rreemnannnennaannaennaean 190,410 kW The distribution facilities include 76 substations, 2,024 miles of high voltage transmission lines and 1,230 miles of distribution lines. Undeveloped resources include several water power sites, the most important of which is on the Columbia river at Kettle Falls, with ultimate capacity of 192,-000 kw. Capacity at the Chelan Electric Company's site (48,000 kw. now installed) can also be increased to 96,000 kw. Electric properties include interconnected transmission system extending from Grangeville, in northern Idaho, westward to Chelan, Wash. In these two states system serves 19 counties having a total area of over 43,000 square miles. Transmission system of the Company is interconnected with transmission systems of Montana Power Co., Pacific Power & Light Co. and Puget Sound Power & Light Co. OFFICERS: D. L. Huntington, Pres.; M. W. Birkett, Vice Pres. & Gen. Mgr.; E. W. Hill, Vice Pres.; F. T. Post, Vice Pres; Frank Silliman, Jr., Vice Pres.: L. E. Morse, Sec'’y & Asst. Treas.; M. Gusdorf, Asst. Sec’y & Asst. Treas.; W. C. Wiscombe, Asst. Sec’'y & Asst. Treas.; H. L. Martin, Asst. Sec’y; E. P. Summerson, Asst. Sec’y: A. C. Rax, Asst. Treas.; Alexander Simpson, Asst. Treas. BOARD OF TRUSTEES: M. W., Burkett, D. L.. Huntington, F. T. Post, Spokane; C. M. Clark, W. M. Farrar, Jr.,, J. W. Frost, W. I. Frothingham, C. E. Groesbeck, NS. Z. Mitchell, Frank Silliman, Jr., E. F. Taff, G. "1. Tidd, E. B. Tracy. H. H. Wehrhand, H. T. White, New York. Fisenl Year Ends: Dec. 31. Annual Meeting: 2nd Mon. in June. CAPITALIZATION, As of Dec. 31, 1929 “ar Value Authorized 61% 9% Cum. Preferred Stock........... 100 $5.000,000 $6 Cum. Preferred Stock... SR TY 200,000 shs Common Stock No Par 5.000.000 shs | 2. 1. 6%% CUMULATIVE PREFERRED STOCK Provisions: Has equal preference Transfer Agent: Company's office. with $6 cumulative Preferred as to as- Registrar: Old National Bank and sets and dividends. In liquidation en- Union Trust Co., Spokane. titled to par and accrued dividends. Public Offering: By the Company to Company agrees not to issue any stock customers and employees of the Comwith prior rights while any of this is- pany on a partial payment plan at par sue is outstanding. from April 7, 1926, to Aug. 25, 1926; Callable: On any interest date on 60 thereafter at 102 to June 21, 1927; days’ notice at 104. hereafter at 104. Subscriptions were Voting Power: Has one vote per limited to 10 shares to a customer or share. amployee. Dividends: Paid regularly quarterly, Listed on: Spokane Stock Exchange. March 15, etc. Initial dividend of 15% 9% Price Range: 1929. high, 110; low. paid Sept. 15, 192s. 9714 2, $6 CUMULATIVE PREFERRED STOCK Provisions: Has equal. preference with 6% 9% cumulative Preferred as to assets and dividends. In liquidation 2ntitled to $100 and accrued dividends. Callable: At any any time on 30 lays’ notice at $110 per share. Tax Status: Company pays normal Federal income tax up to 29%. Dividends: Paid regularly quarterlv. Mar., June, Sept., Dec. 15. Initial dividend paid June 15, 1929, - Transfer Agent: Company's office. Registrar: Old National Bank and Union Trust Co., Spokane. Public Offering by: Murphey, Favre & Co., Spokane, at 102. Listed on: Spokane Stock Exchange. 2. COMMON STOCK 1917-18, 49%; 1919, 43% 9%; 1920 6149; 1921-22, 79%; 1923, 7%; 1924 tv Apr. 15, 1928, 89%. Transfer Agent: Company office and City Bank, Farmers Trust Cu., New York. Registrar: Spokane & Eastern Trust Co., Spokane: Brooklyn Trust Co.. New OrK. Ownership: American Power & Light acquired majority of Common stock in Feb., 1928. Holders were offered right to exchange each share of Washington Water Power for 2 1-5 shares of American Power & Light Preferred. Dividends: 1900, 3%; 1901, 49%: 1902, 3%; 1903-04, 6%; 1905-09, 79%: 1910-13, 10%: 1914. 7% 9%: 1915. 51404 1916. 414 0. THOMSON'S MAN: AL COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 1928 1927 Gross Revenue een eneeneeeee- $8,971,456 $8,067,302 $6,475,455 Operating Expense ............. -. 3.830,586 3,696,204 2.556,5694 Net Earnings ..cocooooovemmineeiianas $2,918,881 Other INCOME .oemiiciinmimeneee eememmeenens Total INCOME veers + eeeiieeee 13,918,881 Interest, Amortization. ete. ..oooeveiieennnns +48,750 "2,470,131 1.039.764 $2,430,367 207,121 1,894.090 $2.070,5%9 $ 329,156 As of Dee. 31 1927 £0,268, 7 346,736,349 — 4,675,661 © 3949 483,241 £41 544,962 a 103,241 6,286 ,18,854 85,983 192,358 €8A4 246.935 Net Income ....... Depreciation ............... Balance .cooeoeeeeeen wenn eommmmmmesmeseses EEE Preferred Dividends ..... oooeeiiiimmiieeens . Common Dividends ..... irene J Surplus for the VAT oeeormeeeinererneceeenneee $3,389,907 COMPARATIVE CONSOLIDATED PALANCE SHET' ASSETS— 1929 Plant and Equipment........ nanan $47,130,786 Investments .. . waEEES eemeonnene Cash .oereemccommcacnnnnes rreaeee 1,479,626 Materials and Supp. eevanne cme eee . 8,630 Accts. & Notes Receivable.......coooocciiieenen 1,738,314 Prepaid Accounts and Trust Funds........ 8,982 Stock Subscriptions . ennenn mm—— WOrk in ProgressS...coor sorreseeecenens eomnennann Unamortized Debt Discount & EXp........ 161,_C7 Deferred Debits .o.occeoo eeaeeananan 25 79¢ TOTAL ASSETS .oeoeeereeneeeeecennenene-$6 0,033,321 LIABILITIES— Preferred StOCK eo rreeecmmrccescernmeeeeees$ 4,890,300 Common StOCK ceiver neiee 25,418.000 Premium on StoCK. ciiiciiinaeees Stock SubScCriptions .oocicoceemn nirinneeee Funded Debt a eececccercremrernecnnrmcccemeemennneen Contractual Liabilities .c.coommicririnneen Notes and Loans Pavable. ...cooeereeieee. Dividends Payable .ccommmmiernienciainan Accounts Payable iis Consumers’ Deposits .ecimiomiiieneeaes Accrued ACCOUNLES .ooioiiimiiiimriianeremacsenenns Unadjusted Credits ies Surplus .....- ee eeenemnameecnameneean TOTAL LIABILITIES .... =». FUNDED DEBT, As of June 1, 1930 te Itated Due Authorized 7-1-09 7-1-39 $15,000,000 5-1-19 5-1-39 $1,400,000 1-1-20 1-1-60 Open $ 4,241,300 25,418,000 141,374 508,982 1,740,000 1/242.074 243,379 508.360 738,328 1,205,683 8,359,455 $54 246.935 Outstanding $4,911,000 $1,400,000 $15,000,000 1. 2. 2. 1st Ref. Mtg. (1939)... . a. 20-Year Debentures ................3-4-5 1st Gen. Mtg. Series 1960........ 5% 1. FIRST REFUNDING MORTGAGE 5% GOLD BONDS Interest Payable: J. & J. 1 at office Tax Status: Company pays normal of Trustee. Federal income tax up to 2%. Trustee: Farmers Loan & Trust Co, Security: First mortgage on all New York. Property now owned or hereafter aci v Tig quired. on PIs Coupon 85d regis Offered by: Lee-Higginson & Co, . and White, Wild & Co., New York, Apr, Callable: As a whole on any interest 1909, at 103 date at 110 on 6 months’ notice. Listed on: New York Stock Bx-Sinking Fund: 29% per annum of change. honds outstanding, payable quarterly, Price Range: beginning Sept., 1909, to be used in the 1929 1928 1927 1926 1925 1924 purchase of bonds at not exceeding 110 High ....102% 105 104 103% 1013 101 and interest. Low .. 98 102% 1023 1013 99% 99% 2. 20-YEAR DEBENTURES (3%-4%~5%) Interest Payable: M. & N. 1 at Trus- Callable: At par on any interest date tee's Siiice i Bear 29 int 0 on 30 days’ notice. nteres ate: earing » interes to May 1, 1925, B. 49% thereafter to May Tax Status: Company pays normal 1, 27 5, 59% thovepttar to May 1, Federal income tax up to 2%. 1939. verage, 4. 0.) fe, : ; : Trustee: Central Union Trust Co., Security: Direct obligation of com New York. pany. Denominations: Coupon, $100, $500, Offered by: Blyth & Co.. and Ferris £1.000 Hardgrove PUBLIC UTILITIE. 26y 3. FIRST & GENERAL MORTGAGE 5% GOLD BONDS (1960) Interest Payable: Jan. and July 1, including Dec. 31, 1957; and thereafter at company’s agency in New York. at 100; plus accrued interest in each Theta Central Hanover Bank & case. rust Company. . Security: Direct first mortgage on Registerable: Fully registered and certain of the electric and water propregistered as to principal. erties acquired in 1930 and mortgage on Denominations: $1,000 and $5,000 3); other fixed property of the comregistered and $1,000 coupon. pany subject to a closed issue of First Callable: As a whole or in part at Refunding Mortgage 5% Bonds, due any time on 30 days’ notice at 105 prior 1939. to Jan. 1, 1937; at 3 less for each full vear elapsed after Dec. 31, 1935; thereafter at 1001 up to and including Dec. 31, 1955; thereafter at 100% up to and Offered by: White, Weld & Co., Bonbright & Co., Ferris & Hardgrove, Murphey, Favre & Co., Jan, 1930, at 981. WASHINGTON TELEPHONE & UTILITIES COMPANY GENERAL OFFICE: Liggett Bldg. Seattle, Wash. BRANCH OFFICE: Guaranty Bldg. Portland, Ore. HISTORY: Incorporated under laws of Washington, 1928. BUSINESS: An operating telephone company. Charter permits holding stocks in utilities, either minority or majority interest. Company owns telephone properties and has others under option. OFFICERS: Earl W. Gates, Pres.; Norman Porteous, Vice Pres.: L. D. Gordon, Sec’'y; Lloyd F. Gates. Trustee. CAPITALIZATION, As of March 10, 1930 Value 1. 2. 3. 6% Preferred StoCK...ooocoooee omen Class A Common StocK.....ooooooommeeeeeeeeaeni Class B Common Stock............. Authorized 6,000 shs 5,000 shs 3.000 shs Ll. 6% FIRST PREFERRED CUMULATIVE PARTICIPATING STOCK Provisions: Has preference as to as- Dividends: (Payable quarterly Mar, sets and 6% cumulative dividends. Aft- June 1, Sept. 1, Dec. 1) 1929, 6%. er 6% is paid to junior issues, Preferred Ex-Dividend Date: 15th of precedparticipates share for share in further ing month, earnings. Public Offering by: The company at Tax Status: Company pays normal par Federal income tax to 20, 2 CLASS A COMMON STOCK Provisions: Participates as to earn- Tax Status: Company pays normal ings and assets after Preferred has re- Federal income tax up to 29%. ceived 6% in earnings and par in event Publie Offering by: The Company. of liquidation 1930. at $26.50. WEST COAST TELEPHONE COMPANY GENERAL OFFICE: Everett, Wash. BRANCH OFFICES: Marshfield, L.aGrande, Ore.; Everett, Woodland, Camas and Montesano, Wash. HISTORY: Incorporated under laws of ‘Washington, May 31, 1928, as a consolidation into one operating unit of Puget Sound Telephone Co., a Washington corporation; Oregon Telephone Co. and Coos & Curry Telephone Co., Oregon corporations. Through acquisition of Coos & Curry Telephone Co., acquired properties formerly owned and operated by Richmond Beach Telephone & Power Co., Montesano Telephone Co., Camas Telephone Co., Lewis River Independent Telephone Co., all in western Washington, and Home Independent Telephone Co. of La Grande, Ore. Since consolidation of the properties before mentioned, company has purchased properties formerly owned by the Klamath Telephone and Telegraph Co. and Klamath Telephone and Telegraph Co. of Lake, operating in the vicinity of Klamath Falls, Ore.. and property of Clatskanie Telephone Co.. operating in Clatskanie, Ore. BUSINESS: Company does practically entire local and long distance telephone business in Snohomish, Skagit and Island Counties, and in parts of King, Whatcom, Grays Harbor, Cowlitz and Clark Counties, Washington, including the cities and towns of Everett, Anacortes, Sedro-Woolley, Mt. Vernon, Snohomish, Arlington, Montesano, Camas, Monroe, Burlington, Marysville, Stanwood, Woodland, Duvall and Richmond Beach. It serves, in Oregon, Washington County and parts of Yamhill, Multnomah, Clackamas, Polk and Columbia Counties, all adjacent to Portland, including cities and towns of McMinnville, Newberg, Hillsboro, Forest Grove, Gresham, Beaverton and Clatskanie; Coos and Curry Counties and parts of Douglas County, including cities and towns of Marshfield, North Bend, Coquille, Bandon, Myrtle Point, Reedsport, Brookings, Gold Beach, Powers and Port Orford; Union and Wallowa Counties, including the cities of La Grande and Wallowa; and Klamath and l.ake Counties. including towns of Chiloguin and Sakeviow Richmond Beach, THOMSON'S MANUAL Company throughout its system has arrangements for interchange of toll business with Pacific Telephone & Telegraph Co., and serves practically without competition territory with an estimated population of 225,000. PROPERTY: Company owns and operates approximately 20,778 miles of aerial Ws. There are 63 exchanges in its system giving service to over 36,500 telephones. OFFICERS: William Neal Winter, Pres.; P. R. Roller, Vice Pres.; Earl W. Gates, Vice Pres. in charge of operations; 1. P. Hackett, Sec’'y-Treas.; L. C. Peppell Asst Sec'y-Treas. DIRECTORS: Charles Hall, Chairman; J. E. Dorsey, W. N. Winter, I. F. Dix H. D. Pillsbury, Harry H. Fair, Omar C. Spencer, L. P. Hackett, C. E. Hickman H. R. Lawton. GENERAL AUDITORS: Haskins & Sells. fiscal Year Ends: Dec. 31. Number of Emplovees: 531. CAPITALIZATION, Par 1. 6% Cum. Pref. Stock .icniicrannas 2. Common StOCK aceirinaameeeennaneee As of Dee. 31, 1929 Value Authorized Outstanding 525 160,000 shs 60,000 shs 825 120.000 shs 80.000 sh 1. 6% CUMULATIVE PREFERRED STOCK Provisions: Fully paid and non-as- quarterly, Mar., June, Sept., Dec. 1. Insessable. Preferred as to 6% annual itial dividend paid Sept. 1, 1928, and cumulative dividends and entitled to regularly since. $25 per share in event of liquidation. Ex-Dividend Date: 20th Feb, May, No other stock having priority may be Aug. and Nov. issued without consent of majority of Transfer Agent: The Company, Ev-Preferred stockholders. Additional erett, Wash. Preferred stock may be issued with Registrar: First National Bank, Evsuch aividend and call price as trus- erett, Wash. tees may elect. ini : Kerr. Callable: As a whole or in part on pASEM Opton by: Carev & Bre any dividend date on 30 days’ notice ’ To . ; at $26.50 per share. Public Offering by: Peirce, Fair & Voting Power: Entitled to equal vot- Co., American Securities, Co., Blyth & ing power with Common on default of Co., Tucker, Hunter, Dulin & Co., June dividends for a period of one year. 1, 1928, at $25 and accrued dividend Tax Status: Exempt from normal from June 1, 1928. mederal income tax up to 2%. Number of Stockholders: Dec. 31 Dividends: 69% per annum, payable 1929, 766. 2. COMMON STOCK Dividends: None paid to Jan. 1, Number of Stockholders: 11. (25% 1930. owned by Pacific Tel. & Tel. Co.) COMPARATIVE INCOME STATEMENT. Years Ending Dee. 31 8 mos. 1928 $ 964,006 588,308 * 375,698 13.074 #4 388,772 157,334 72,621 108.223 50,594 § 50,594 48,903 3 1.691 181,770 Preferred Dividends ooo icocommeseemessemsesiomesssensss os sans annem 90,000 Surplus for the year. coven ee mannaaneaae § 91.770 COMPARATIVE CONSOLID ATED BALANCE SHEET, As of Dee. 31 ASSETS 1929 1928 Plants and FL QUIDINEN Loe eeeeneeneesmeesrensencmsemecmserasemsemseemeeasanssssassens’ 1,652,004 $7,469,721 Construction WOTK in Progress. .eeemmsssos comes 52,5615 2,005 Investments in Subsidiaries, ete. cm ceeemmmsrsseniin cess on 287,073 158,202 Sinking Fund .. a v—— momaAwRA ESTAR 20,000 eemeecnns FP NO ey 22,215 529,776 Accounts Receivable iene onsen eee 151,202 I Bills RECEIVABLE oooeiioieomcmecacamem ones smemeeonmsanasa nesses ssa nacness 0,325 22,837 Materials And SUPPLIES ca imeirecameasrmmmnenassa menses 83,789 30,721 Deferred Debit TEMS oi iomeemrnencrmmemnsrresa snes 233,994 266,973 “"NTAL, ASSETS ..... _. C..$8.523.117 $8 480.231 PUBLIC UTILTT LIABILITIE Common Stock Preferred Stock . . Funded Debt ..... pm mm Bills Payable ........ er ememmeeeeocemeaeeannas Accounts Payable . ee meeeeeeemmeeeeeeenenaeeonas Accrued Liabilities ....... EYES reams m AEA Sn Reserve for Depreciation... Surplus ... tema tnameane. a ee 4.400,000 1 300,000 74,000 7,000 £023 C4 Ny r Lo i 19,4:1v TOTAL LIABILITIFS ..... FUNDED PEBT, As of Dec. 31, 1979 Rate ated 1st & Ref. Mtge. Series A... 5% -T fF 1st & Ref. Mtge. Series B.... 5% 1-1-50 P. S. Tel. Co. Bonds. reeeeee BO 6-1-27 2.537 { CL. 4 “WU, aul Outstanding 1. $2,958,500 2. $200,000 3. $724,500 1. FIRST & REFUNDING MORTGAGE 5% 25-YEAR GOLD BONDS, Series A & B Interest Payable: Jan. and July 1, and bonds outstanding and to be isat trustee's office or American Trust sued. Co., San Francisco. Additional bonds may be issued, par Trustee: United States National value for par value, to refund bonds Bank, Portland, Ore. of previous series outstanding under Registrar: First National Bank, Ev- this Indenture. arett. Additional bonds when issued shall Registerable: As to principal. oe of such series and have such ma-Denominations: $1,000 and $500. ‘urity, interest rate, redemption price, Callable: As a whole or in part on ronversion and other provisions as may first day of any month on 30 davs' no- be determined by the Board of Trustice at 103 for first 10 years, 102 for ‘ees. next 5, 101 for next 5, and at par there- Tax Status: Company pavs normal after to maturity. “ederal income tax up to 2% and re-Limit: Trust Indenture limits the ‘unds Calif. 5-mill personal property amount of bonds that may be issued ax. upon properties owned as of Sept. 1, 1928, to $5,000,000 par value, of which $724,500 Series A bonds are deposited with Trustee to refund outstanding bonds of Puget Sound Telephone Co. Bonds in excess of $5,000,000 are limited to a par amount not exceeding 70% of cost or value (whichever is less) of additions and betterments added or acquired by Company and may be issued only when net earnings for 12 consecutive months out of preceding 15 months shall have been not less than one and three-fourths times the total interest requirements on all underlving bonds 3. PUGET SOUND TELEPHONE (CO. 1st Interest Payable: Jan. and July 1, at trustee's office. Trustee: First National Bank, Evsrett, Wash. Registerable: As to principal. Denominations: $1,000 and $500. Callable: As a whole only on 60 days’ notice on July 1, 1937, or any interest ate thereafter at 105. Sinking Fund: Beginning Jan. 1, 1928, $10,000 to be set aside semi-annually to purchase bonds at not over MORTGAGE 5% GOLD BONDS, Series A 971. Payments not required if sinking fund amounts to $20,000 at any Lime, Tax Status: Company pays 29% normal Federal income tax. Security: First mortgage on assets of former Puget Sound Telephone Co. Legal Opinion by: Peters & Powell. Seattle, Wash. Offered by: Blyth & Co. and Peirce. Fair & Co., July, 1927, at 9614. WILLAPA ELECTRIC COMPANY GENERAL OFFICE: Raymond, Wash. CONTROL: By Cities Service Light & Power Co. HISTORY: Incorporated under laws of ‘Washington, Aug. 2, 1913, as a consolidation of Willapa Harbor Ry. Co., Twin City Electric Co. and South Bend Electric Co. BUSINESS: Opersat:- “ miles of single track railway end engages in the distribution of ‘lectric “... and power. Owns 28.25 miles of pole line. CAPITALIZATION Par Value Authorized Outstanding Common Stock .............. $100 $910.000 $400.000 Entire stock owned hv Cities Service Power & Light Co FUNDED DEBT Ist Mortgage Convertible Rate Dated Due Authorized Outstanding Bonds, Series A, B, C................ 69% 7-1-13 7-1-23 $483,000 $483,000 All of these bonds have been extended and are held by controlling company, Interest Pavable: J & J. 1, at New York Trust Co.. New York Trustee THOMSON'S MANUAL COMPARATIVE BALANCE SHEET, As of Dee. 31 ASSETS— 1929 CASN ooeeeeecmmmcecacccaaeihnbamaeaao ones ee eaeemaeannmamanmnaeeannonened] 14,067 Notes Receivable iii eemeeemamamannaeeens 262 Accounts Receivable (Customers) ..ooomeenniens cae ee 15,228 Accounts Receivable (Miscellaneous) ..o...ceeooreiemnsmen so 4,610 IN VENTOTY coooimmemacasaeaacmmmmmammmsnes aasssssamcoms fosiiassssioccuscesscassssscessses 22,934 Prepaid TteIMNS .oocociocrmmammenacaeiocccenamananas Ce eiamann 919 Total Current Assets... ERE en vn an st A mma Aah Plant and Equipment... eeeeaneeeannn een Miscellaneous Investments ences eee Suspense ACCOUNL eis cecosaanae LIABILITIES— Notes Payable oo eeimiiirnimnmimnsennmans renee eeeeeaereeneeen$ 69,032 Accounts Payable iin Cat ———————— ena 9,022 Customers’ Deposits ie one 2.4217 Total Current Liabilities oie ceaeneen Taxes Accrued ......... eeemeemaaemneeamesaaeemoeeennnt [nterest ACCrUEA .ooooiieimmarimceeammmmmmaranmaese nase nanan anaes Advances to Affiliated COMPANIES. cciiriiimmiinicriieeieie ee RESET VES woveceacrammnremmranzaseassaesrameassmam eras sesso at saat assem anaa sass 0 fiatesnrnsssanas First Mortgage BOMAS. iiss sansa CAPITA] oeneeeeeomreaiccaemammme snes eran oes mms snns sm ne anne ss es sears SUTrplus (Deficit) oie iii Miscellaneous Liabiliti€s ois eeerimnines TOTAL LIABILITIES mre 1928 $ 20,756 262 12,272 6,148 14,886 924 $ 55,248 1.020,049 2,002 441 $1,077,899 $ 69,032 6,725 3.757 79,5614 15,627 994 117,241 22,735 483,000 400,000 -31,253 42 ee $1,077,899 WEST KOOTENAY POWER & LIGHT COMPANY, Ltd. GENERAL OFFICE: Rossland, B. C. CONTROL: By the Consolidated Mining & Smelting Co. of Canada, Ltd. Acquired in 1916. : RY Incorporated by special Act of Legislature of British Columbia, May BUSINESS: Company supplies electrical power for all purposes within a radius of 50 miles from Rossland, B. C., and in towns, cities and municipalities of the Kootenay and Yale districts. } PROPERTY: Company owns and operates three hydro-electric plants on lower and upper Bonnington Falls and at South Slocan, with total capacity of 170,000 2 Company planning development of 30.000 h.p. proiect on Adams iver. SUBSIDIARIES: Owns entire capital stock of Cascade Water, Power & Light Co., Ltd.; Rossland Water & Light Co, Okanogan Water Power Co. and Northport Power & Light Co. Controls South Kootenay Water Power Co. OFFICERS: .J. J. Warren, Pres. & Man. Director; L. A. Campbell, Vice Pres. & Gen. Mgr.; F. E. McNally, Sec’y-Treas.; C. B. Smith, Asst. Sec’y-Treas. DIRECTORS: W. R. Baker, E. B. Hosmer, G. F. Benson, Edwin Hanson, Ww. J. Shaughnessy, James J. Warren, all of Montreal; L. A. Campbell. Rossland, B. C GENERAL AUDITORS: Thomas S. Gilmour. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Wed. in Feb. CAP" ALIZATION, As of Dec. 31, 1929 Par Value Authorized Qutstanding 1. 7% Cum, Pref. Stoc: $100 $500,000 $500,000 2. Common Stock .... $100 $15,000,000 $6,112,000 1. 7¢e © EE PREFERRED STOCK Dividends: Paid regula... vy, quarter- Ex-Dividend Date: Dec. 27, etc. ly, Jan., Apr. Julv and Oct. since Listed on: Montreal Stock Exchange 1904 . 2. COMMON STOCK Ownership: Entire issue is owned by Dividends: 89% paid 1921, 49% 1922, the Consolidated Mining & Smelting none thereafter to Jan. 1, 1930. Co. of Canada. Ltd. Transfer Agent: Roval Trust Co. Montreal. COMPARATIVE INCOME STATEMTNT, Years Ending Dec. 31 7 9 3 192 "50 a, UO $1,923,702 4 ne 22.686 "1,401,016 279,705 507,232 614,078 35,000 2 K79.07% Sud "00 8% 6b7.832 SUTrolus ceeeeeeenoe 700 48% PUBLIC UTILITIES CONSOLIDATED BALANCE SHEET, Years Ending Dee. 31 ASSETS— 1929 1928 1927 36,321 "7,701 57,987 ABN connrinmmmismsnin, 5h ssessyumemese onesie esas he Accounts Receivable .. suspense Account . Total Current Assets. ...........ocoinne. Prepaid Charges .... a. [IOVESBLIMENLE ....oovmvinssmmmyssrmsiimsrsrsmsamssnssssmsumi ry City of Trail Bonds. cco. ooooomiiiiiiieanae. Sinking Fund icin Plants, LAnd, 60. cmmmmmmmmmmmesmssrsonmss Autos, Mdse, Equipment......._...................._ TOTAL ASSETS RE, A 0 1 one 3 1 ; 08 4, LIABILITIES-Accounts Payable Accrued Charges Total Current Liabilities... .............._. Reserve Account Preferred Stock .. Common Stock .... Funded Debt ........ Surplus .... 2,0 65.615 J = hb, oud na tf v 22 “0 TOTAL LIABILITIES .... Working Capital ........._.. tending ¢114,977 $823,450 1,456,500 il. CASCADE WwW, P. .= L. CO., Ltd., T "RST MORTGAGE 41% GOLD BONDS Interest Payable: May 1 and Nov. _ $75,000 bonds are issued. at office of Trustee and Registrar. Tax Status: Does not pay U. 8S. nor-Trustee and Registrar: Royal Trust mal tax. To., Montreal. Co Security: Secured by a first mort-Registerable: As to principal. gage on entire property of Cascade Denominations: Coupon bonds, $£00 Water, Power & Light Co., Ltd. and Callable: On any interest date on guaranteed as to principal, interest and months’ notice at par. sinking fund unconditionally by West Sinking Fund: $4,064 annually to be Kootenay Power & Light Co., Ltd. appropriated and proportionately increased as and when the remaining Listed on: London Stock Exchange FUNDED DEBT: i. Cascade W. P. & L. 1r 2. First Mortgage Bonds... 3. Gen. Mtge. Series A.. 2. WEST KOOTENAY P. .. L. CO. Ltd., FIRST 6% GOLD BONDS Interest Payable: Mar. 1 and Sept. fund to be applied to redemption of 1, at the Bank of Montreal and office bonds by purchase in the market at or nf Trustee. under 110, or by drawings at the same Trustee: Royal Trust Co., Montrea. price. Registerable: As to principal. Tax Status: Company does not pay Denominations: Coupon, £100. 17. S. normal income tax. Callable: On any interest date on 3 . months’ notice at 110. Security: Secured by a first mort-Sinking Fund: Cumulative sinking gage on the entire property. 3. WEST KOOTENAY GENERAL MORTGAGE SINKING FUND 6% GOLD BONDS, SERIES A Interest Payable: July 15 and Dec. Sinking Fund: 39% paid annually be-15. at the Royal Bank of Canada, in ginning in June, 1925, provides for re-Canada. tirement of issue. rate: Montreal Trust Co. Mon- Tax Status: Company does not pay Registernble: As to principal. (7. S. normal income tax. Denominations: Coupon, $500 and 51,000. Callable: On any interest date on 60 days’ notice at 105 during first 5 years and thereafter at 19% less for each 5-vear period. 75% of expenditures, such as extensions, additions, etc. made subsequent to mortgage, provided net earnings have been not less than twice interest charges on bonds outstanding and to THOMSON'S MANUAL PEOPLE'S WEST COAST HYDRO-ELECTRIC CORPORATION GENERAL OFFICE: 212 Fitzpatrick Bldg. Portland, Ore. CONTROL: By Peoples Light & Power Corp. HISTORY: Incorporated under laws of Delaware, in 1924, as the West Coast Power Co. merging Skamania Light & Power Co., Clatskania Power & Light Co, Barnes Power & Light Co., in State of Washington, Acquired the Shorey Light & Power Co., Florence Electric Co. and Waldport Light Co. Name changed to present in. 1926, when control was acquired by People’s Light & Power Corp. Has since acquired assets of Wood River Power Co., Willapa Power Co. and the Common stock of General Power & Light Co., Wisconsin Hvdro-Electric Co. and Green Mountain Power Corp. BUSINESS: Company furnishes electric service to 27 cities and towns in Oregon, 17 in Washington, 14 in Idaho. Serves total population of 30,600, and in 1929 had 9,909 electric customers and 258 water customers. PROPERTY: Seven hydro-electric plants, 3 Dejsel and 2 steam plants, with total installed capacity of 7,458 h.p. Owns 814 miles of transmission lines and 12 miles.of water mains. SUBSIDIARIES: General Power & Light Co. Wisconsin Hydro-electric Co. Green Mountain Power Co. OFFICERS: E. C. Deal, Pres.; L. O. Gordon, Vice Pres.; D. L. McDaniel, Sec'y-Treas.; F. W. Peters. Asst. Sec'y-Treas. and Compt.; J. F. Doetsch, Asst. Sec'y-I'reas. : . DIRECTORS: E. C. Deal, L. O. Gordon, D. L. McDaniel, J. F. Doetsch, F. W Peters, all of New York City. GENERAL COUNSEL: White & Case, New York. GENERAL AUDITORS: E. A. Lehman. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Mon. in Feb. Number of Employes: 92. CAPITALIZATION: Par Value Authorized Qutstanding 1. Preferred Stock .iiieneees $100 $2,000,000 None 92. Common StOoCK iris $100 $8,500,000 $4,628,600 FUNDED DEBT: Rate Due Authorized Outstanding First Mortage Bonds.....iiiineens 5% % 1941 Open $1,832,50¢ (All owned by People’s Light & Power Corp.) INCOME STATEMENT, Year Ending Dee. 31, 1929 487,871 © s————— 307 71% Total INCOME -ooeeoeoeeceemreeeeee-$1,189,4 46 -— Interest, Amortization. etc...... 173,029 180,155 os, elimi 909,293 Surplus eee eeaessnmmneeneneenn $916,417 RALANCE SHEET, As of Dec. 31, 1929 LIABILITIES Plants & Equipment.....c.cee..o-..-$3.170,806 Construction Work .memeeeeeees 193,442 CASH coococimemmcecocccnmmsammmsaranamnnse 37,080 Notes & Accts. Receivable... 10,247 Material & Supplies... 54,099 Prepayments ..occooeme + 570 Inv. in Affiliated Co.8.eeeee 48,937 Special Deposits eereieiereaeas 15,163 Unamortized Discount ............. 4,795 Miscellaneous .ccccoeecaemcccommeranocenoas 15,328 TOTAT, ASSETS en. 88.250.467 ASSETS Common Stock eee $4,628,600 Funded Debt aoeieeeemeeee 1,832,500 Accounts Payable iiiiineees 53,300 TAXES emcermmemmmmmmsnes ceassrennsemssnsimsnsmnsrs 28,073 Miscellaneous coccoccemeeemcesociocsmneens 3,886 Consumers’ Deposits ...oceeooen 21,192 Retirement Reserve .oooeeereeeenees 432,065 EXtensions coecccccecemmeemmeesoocenmcennan 25,352 Miscellaneous .oooccecmmremmemnracneanes 6,393 Due Affiliated C0.Seeeoccrcrcereee 938,204 SUrPIUS cocrcmmmmemmmceccenccemnen noone 280,899 TOTAT, TTARILITTRS _..........88.250.467 INTEREST TABLES Devores—1 day to 1 year by days, 360 and 365-dav basis. 1 to 6% by 1s, 61% to 10% by ls. Price $7.00. Stouts—1 day to 1 year bv davs. 360 and 365-day basis. 1 to 10% by 14s. Price $7.00. Quick—1 day to 1 year by days, 5, 6, 7 and 8% 360-day basis. Price$2.50. Robinsonian Universal, $7.00. Delbridge Wonderful—930 days, $5.00; 180 days, $10.00; 360 days, $20.00. ‘We stock all standard Interest Tables. THOMSON’S BUSINESS BOOK SERVICE Seattle. Wash PUBLIC UTILITIES TWIN FALLS- JEROME INTER-COUNTY BRIDGE COMPANY GENERAL OFFICE: 906 Alaska Bldg. Seattle, Wash. HISTORY: Incorporated under laws of Washington, in 1926. BUSINESS: Operators of toll bridge crossing Snake River, 21% miles north of Twin Falls, Idaho, connecting Twin Falls and Jerome Counties. Constitutes a link of the “Oregon Trail.” Opened for traffic Oct. 1, 1929. PROPERTY: Steel, cantilever structure 1,400 feet long, 476 feet high, costing approximately $866,000. FRANCHISE: Granted jointly by commissioners of Twin Falls and Jerome Counties, expiring 1976. MANAGEMENT: Bruce C. Shorts, Pres.; E. B. Sherwin, Vice Pres.; B. D. Bramhall, Secy, all of Seattle; Chas. A. Smith, Treas., Spokane, Wash. DIRECTORS: Bruce C. Shorts, E. B. Sherwin, Chas. A. Bramhall, of Seattle; J. R. Nevers, Spokane, Wash.; Ralph Schneelock, Portland, Ore. GENERAL COUNSEL: Shorts & Denny, Seattle, Wash. GENERAL AUDITORS: Shorrock & Co. Seattle. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Mon. in Jan. TAPITALIZATION: 20,000 shares, no par, Common stock, all outstanding. FUNDED DEBT: Rea*t~ Dated Due Authorized Outstanding 1. 1st Mortgage Gold Bonds..... 1-15-26 1-15-36 $550,000 $550,000 2. Class A Debentures.... 1-15-26 1-15-36 $150,000 $150,000 1. FIRST MORTGAGE 7% GOLD BONDS Interest Payable: June and Dec. 15, calculated to retire 70% of First Mort it trustee's office. gage Bonds at maturity. Trustee and Registrar: First Seat’ Tax Status: Company pays normal Dexter Horton National Bank. 2% Federal income tax. Registerable: As to principal onl- : Sevurity: First Mortgage Bonds are w irst lien on all assets. ass A De-Venourinationyy $1,000, $500. bentures are junior to First Mortgage Callable: As whole or in part, by Bonds. Lot, at 10%, on 20 Gays Tete. Offered by: Ferris & Hardgrove, Sinking Fund: Company agrees to John E. Price & Co., Ralph Schneelock rreate sinking fund out of earnings & Co. and others in Dec.. 1926. at par Rising to Dominance ¢ om) Dr. J. Russell Smith of Columbia University, distinguished commercial geographer and economist. recently said: “In the Northwest I expect American civilization to reach its maximum! Yes, I expect it to outstrip New York, overcoming the advantage which the metropolis has—an early start. . . . “Numerous reasons apart from the climate lead one to predict an unrivaled future for this part of the country . .. It is accessible to trade! The Panama Canal offers fine transportation facilities! And mechanical energy! The Cascades and the Coast Range, along with the Rockies, give the cities access to millions of horsepower of electrical energy. Nowhere in Europe or the Eastern United States is there any location for waterpower resources to rival it!’ SECTION VII. FINANCE Including all Finance Companies, Holding Companies, Mortgage Companies, Investment Trusts, Ete., in the Pacific Northwest, whose securities are in the hands of the public. AMERICAN MORTGAGE COMPANY GENERAL OFFICE: 1005 Pacific Ave., Tacoma, Wash. HISTORY: Incorporated under laws of Washington, 1916, as American Finance & Safe Deposit Co. In 1924 name changed to Am. Mortgage & Finance Co. In 1926 safe deposit department was sold and present name adopted. BUSINESS: General finance, insurance and mortgage loans, automobile contracts, commercial paper. Correspondents of Metropolitan Life Ins. Co. OFFICERS: Maunsell Mitchell, Pres.; Arthur C. Sturley, Vice-Pres.; Harold Gloyde, Sec.-Treas.; George Jackson, Mgr. Securities Dept. DEPOSITORIES: Puget Sound National Bank, First Seattle Dexter Horton National Bank, First Mutual Savings Bank. GENERAL AUDITOR: Charles P. Kaspar, Tacoma, Wash. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Wed. in Jan. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized 1. 8% Cumulative Preferred Stock........ $100 4,650 Shs. 2. Common Stock .. . No Par 10.000 Shs. Outstanding 4,562 Shs. 10.000 Shs. 1. 8% CUMULATIVE PREFERRED STOCK Provisions: Preferred as to cumula- terly, Jan. Apr, July, Oct. 1, on pretive dividends up to 8% per annum, per ferred stock since first issued. No divishare, and as to assets in liquidation dends on common stock in recent years. up to $100 per share. Ex-Dividend Date: 20th of preceding Callable: At 110, by lot, on any divi- month. dend date. Transfer Agent: The Company Dividends: 89% per annum, paid quar- Number of Stockholders: 100. 7 " ANCIAL STATEMENT, As of Jan. 1, 1930 LIABILITIES Notes Payable .......ooooooco.....3 [ncompleted Mortgages ........ ... Accounts Payable ...cooooooi.. Taxes and Interest Accrued Tash eee. Loans and Disc rts. Metropolitan Life Loan Accounts Receivable Stocks and Bonds 30,020 61,415 96,807 24,812 52 B58 5 Yom yn Total Current Prepaid Interest Deferred Items Office Equip. & ..u Pref. Stock Subscrip.ior Com. Stock Subscrintions. GF + 4 Total Current ° Jol. Trust & Golc Preferred Stock Common Stocks .. Surplus and Reserve... Total Liabilities _ ] 30 . {} $1,122.28R FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due 10-year Collateral Trust Gold Bonds 7% Various in 10 yrs Interest Payable: Jan. and July 1, by trustee. Trustee and Registrar: First Seattle Dexter Horton National Bank Registerable: As to principal only. Denominations: $1,000, $500, $100, $50. Callable: At 101 on any interest date, on 30 days’ notice. Retirement Provision: Bonds may be surrendered for cash and accrued interest on 30 days’ notice, company agreeing to redeem as follows: at 3% discount if surrendered after 6 months and within 2 years; 29% after 2 years and less than 3 years; 19% after three years and less than 4years; % 9% after 4 years. If 10% of outstanding bonds are surrendered, company may require 6 months’ notice and shall not be required to redeem more than 509% of outstanding bonds in any six months’ period. Security: Company to maintain on deposit with trustee collateral. worth not to be less than 120% of total face value of outstanding bonds Total Assets 278 THOMSON'S MANUAL BAILLARGEON WINSLOW INVESTMENT CORPORATION GENERAL OFFICE: 801 Second Ave, Seattle, Wash. BRANCH OFFICE: Washington Bldg. Tacoma, Wash. HISTORY: Incorporated under laws of Washington, Oct. ,1928. BUSINESS: An investment trust of general management type. MANAGEMENT: Vested with Baillargeon, Winslow & Co., who receive 15% of net earnings after payment of $4.32 per share on Participating Preference Stock. Managers agree to sell no securities to Corporation at profit to themselves. OFFICERS: K. Winslow, Jr. Pres.; Cebert Baillargeon, Vice Pres.; Henry E Schaefer, Secy. DIRECTORS: C. T. Donworth, Cebert Baillargeon, A. G. Pringle, K. Winslow, Jr GENERAL AUDITORS: Haskins & Sells. Seattle, Wash. Fiscal Year Ends: Dec. 31. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding Participating Preference Stock... No Par 20,000 shs 7,989 shs Common Stock eo inane No Par 20,000 shs 8.401 she i. prmrrIe CATING PREFERENCE STOCK Provisions: Takes preference over Common. Common Stock as to cumulative divi- Dividends: Regular $4.32 per annum dends of $4.32 per share per annum. paid quarterly Jan. Apr., July, Oct. 15, After Common receives $1.08, further since Jan. 15, 1929. Extra $1.08 per carnings disbursed one-third to Prefer- share paid Oct. 15, 1929. ence Stock and two-thirds to Common. Rights: On Apr. 13, 1929, stockhold-In liquidation Preference entitled to $80 ers offered rights to subscribe to units per share, and after Common receives of one share Preference and 2 share $25, remaining assets distributed one- Common at $84 per unit, basis one new third to Preference and two-thirds to unit for each 2 held. INCOME STATEMENT. Year Ending Dee. 31, 1929 Gross INCOME iremmmereecoomennnanaenane eee $117,921 Management Fees and Taxes........... eee 27,190 Premiums on Sale of Stock, elC. rr iiriiciramenimerrrrncaneees eeeeeaeneneee 20,086 Dividends on Preference SOCK. i ccooioommmesiesmirin oo ommnssesas trans rensssssrnssssnne 34,446 SURPLUS FOR YEAR. ccciies ccoeremrmcomrmscressnssansnanns cms oosennas eases en 76.371 BALANCE “77 7™T As of Dec. 31, 1929 ASSETS LIABILITIES Management Fees Pavable........$3 3,636 Reserve for TaXeS. ..ooaoecueennnaes 13,565 Dividends Payable .orcmcinenas 8,628 Preferred Stock imines 575,208 Common StOCK ceimmiemceeemnaees 151,218 Surp. & Undiv. Profits..cccceeeeee 79.907 TOTAL LIABILITIES ..ccooooo.....$831.162 TOTAL, ASSETS in. $831,162 BARRON RESERVE CORPORATION GENERAL OFFICE: 1100 Third Ave, Seattle, Wash. HISTORY: Incorporated under laws of Washington, April 13, 1929, succeeding to the assets of the Barron-Thomson Corporation. BUSINESS: Mortgage, loan and bond business; loaning company’s own funds and funds of other corporations, companies and individuals. DFFICERS: Carl E. Barron, Pres: T. P. Barron. Vice Pres.; Harrv W. Thomson Secretary. GENERAL AUDITORS: Louis E. Smith & Co., Seattle. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Wed. in Jan. CAPITALIZATION: Par Value Authorized Outstanding 1. Preferred Stock “A erie $25 40,000 shs 20,000 sss 5 Common StoCK .eeoorreeeeeeeeeennn-NO PAT 90,000 shs 60,000 shs April, 1929, 50,000 shares of Common stock issued in payment for assets of Barron -ThomsonCorporation. 1. PREFERRED STOCK, SERIES A Provisions: Cumulative as to divi- Voting Power: Non-voting unless dends and entitled to $25 per share and dividends become 2 years in arrears, in accumulated dividends, in event of which event Preferred stock votes liquidation. Other Preferred stock may share for share with Common stock be issued in series, rate of dividend and until delinquent dividends are paid. par value of each series to be deter- Public Offering: By the company, in mined by board of directors at time of April, 1929, 20,000 shares, $25 par value, issue. Preferred, and 10,000 shares, no par Callable: As whole or in part on any Sommon, in uits of 4 shares of Predividend date, by lot, at $27.50 plus ac- ferred and 2 shares of Common atfg20 ~rued accumulative dividends per unit. 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, registerable as to principal only. Denominations: $1,000 and $500. Callable: In whole or in part on any interest payment date on 30 days’ notice at 103 and accrued interest, up to and including Jan. 1, 1941, and thereafter 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 seured 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, Ramev, 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 maximum of 5%, after certain substantial increase in dividends, surplus, etc. Managers 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 415 180 THOMSON'S MANUAL CONSOLIDATED CREDIT CORPORATION GENERAL OFFICE: 1103 Bedell Bldg. Portland, Ore. HISTORY: Organized during 1929 to consolidate assets, ownership and operation of group of small loan concerns having offices in various cities in Pacific Northwest; to extend further grouping of such concerns and to establish additional loan offices as rapidly and over as far reaching territory as conditions warrant. BUSINESS: Company and subsidiaries operate under uniform loan laws in various states where the loans are made. Operation is under supervision of State Banking department in each state. No loans made in excess of $300, average loan being approximately $125. Interest on monthly balances is charged, as provided for under the Uniform Small Loan Laws. SUBSIDIARIES: Consolidated Credit Co. of Oregon, Consolidated Finance Co. of Wash., Northwestern Finance Co. Also owns interests in other loan companies. OFFICERS: C. H. Farrington, Chairman, Portland, Ore.: Bennett Baldy, Pres. Portland; R. E. Vester, Sec. & Treas, Portland. DIRECTORS: C. H. Farrington, Bennett Baldy, R. E. Vester, W. 8. Kirkpatrick. V. Lyle McCroskey. All of Portland, Ore. GENERAL COUNSEL: V. Lyle McCroskey, Portland, Ore. GENERAL AUDITORS: Sawtell Withington & Jacob, Portland, Ore. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in Jan. CAPITALIZATION, As of Mar. 31, 1930 Par Value Authorized Outstanding 1. Preferred StOCK eeciocoiiemcemancaancaenas $10.00 600,000 Shs. 28,490 Shs. 2. Class A Com. StocK........cccceeccceeereane. NO Par 900,000 Shs. 124,745 Shs. 2 Class B Com. StocK...o. ccceveeeeeeee--eee. NO Par 100.000 Shs. 100,000Shs. BALANCE SHEET, As of March 31, 1930 LIABILITIES Accounts Payable .oeoreereeaen$ 752 Pref. STOCK woeeeeecceeeeevnecnnmeenmeeneeee 284,899 Class A, Com. Stocko.oeiiricenees 374,234 Class B, Com. StocKe..oiimiiincees 50,000 Stock Subscriptions .......cceeccec.. 125,658 Surplus ...... eee eeaanaaaene 27,674 Total Liabilities .oooooeeeeeeecneeen...$863.217 AQQERYITS CAIN eremiimisssssmuzsnnsss een 17,774 Corporation Bonds .. .. een an 3,000 Notes Receivable weeecceecaieee .. -89.016 Accounts Receivable, from - filiated Companies ......oceceeee 22,900 Conditional Sales Contracts... 24,573 Stocks in Affiliated Companies... 441,450 NDther Assets .. eeaaenneee 04,749 EQUA CG Total Assets . COMMONWEALTH CORPORATION OF OREGON GENERAL OFFICE: Corbett Bldg., Portland, Ore. HISTORY: Incorporated under laws of Delaware, Dec., 1929. BUSINESS: A holding company, owning and controlling the following: Commonwealth Trust & Title Co., a consolidation of Strong & MacNaughton Trust Co., City Mortgage Co., and Union Abstract Co., all of Portland, Ore. Commonwealth Securities Corp. formerly the business of Wm. H. Hemphil} & Co., security dealers, Portland, Ore. Commonwealth Realty Corp., formed in 1930 to acquire lot 100 ft. by 150 ft., at S.W. corner Sixth and Stark Streets, Portland, Ore., on which a 25-story steel and concrete office building will .be erected. Work starting Aug. 1, 1930. Total investment to be $2,900,000. Equitable Savings & Loan Assn, Portland. Ore.. established in 1830. Total resources, $13,000,000. DFFICERS AND DIRECTORS: R. H. Strong, Pres.; H. M. Hawkins, Vice-Pres. & Treas.: A. A. Hampson, Secy.; W. H. Hemphill, A. R. Watzek, S. R. ‘Winch, H. L. Corbett, R. M. Cake, A. D. Norris, D. C. O’'Rielly, W. S. Walton (Salem, Ore.), Cameron Squires, Horace Mecklem, E. C. Sammons, Edward Neudstater, Amadee Smith, G. F. Peek, A. C. Cammack, K. D. Dawson (all also directors of Commonwealth Trust & Title Co.) GENERAL COUNSEL: Dey, Hampson & Nelson, Portland, Ore. GENERAL AUDITORS: Lybrand Ross Bros. & Montgomery. Fiseal Year Ends: Dec. 31. Annual Meetinz: January. CAPITALIZATION, As of May 1, 1930 Par Value Authorized Outstanding eeeeeeecenecs-amee NO Par 100,000 Shs. 70,000 Shs Transfer Agent: Commonwealth Securities Co., Jan. 1930, at $25 pe’ Mrrust & Title Co., Portland, Ore. share. Public Offering by: Commonwealth Number of Stockholders: 110. Common Stock au... IN ANC ELDRIDGE SECURITIES CORPORATION GENERAL OFFICE: 802 E. Pike St., Seattle, Wash, HISTORY: Incorporated under laws of Washington in 1920. BUSINESS: Specialized financing — the purchase of receivables originating through the distribution of automobiles sold on the installment payment plan. OFFICERS: A. S. Eldridge, Pres.; F. J. Cook, Treas.; W. E. Eldridge, Secy.: R. M. Lindsey, Mgr.; F. J. Fenton, Vice-Pres. DIRECTORS: A. S, Eldridge, F. J. Cook, J. G. Fenton, G. A. Purdy, Corwin S. Shank, all of Seattle, Wash. GENERAL COUNSEL: Shank Belt Fairbrook & Rode, Seattle, Wash. GENERAL AUDITORS: S. F. Racine & Co., Seattle, Wash. Fiscal Year Ends: Dec. 31st. Annual Meeting: May 8th. CAPYFR+~ V7 ATPION, As of Dec. 31, 1929 “r Value Authorized * 50 $5,000,000 2100 $ 500,000 «uv Par 250,000 Shs. 1. Class A 7% Pref. Stoc.. 2. Employees Pref. Stock... 3. Common Stock 1. CLA 3 A ‘9% PREFERRED STOCK Provisions: Preferred as wo dividends since originally issued. and as to assets in case of liquidation. Transfer Agent: Metropolitan Na-Fully paid and non-assessable. tional Bank. Callable: Non-callable. Registrar: First Seattle Dexter Hor-Voting Power: None. ton National Bank. Tax Status: Company pays 2% nor- Public Offering: 5000 shares by First mal income tax. Seattle Dexter Horton Securities Co., Dividends: 79% paid semi-annually. June, 1929, at Par. Tune 30 and Dec. 31. on all outstanding Listed on: Seattle Stock Exchange. 2. EMPLOYEES 7% CUMULATIVE PREFERRED STOCK Provisions: Cumulative as to 7% Tax Status: Company pays normal dividends and participates with com- income tax up to 2%. mon stock. After 7% paid on common Dividends: 109% per annum, payable stock in any one year, additional divi- semi-annually June 30 and Dec. 31, paid dends shall be distributed on basis 34 on all outstanding since originally isto employees stock and 2 to common, sued. provided employees shall receive no Transfer Agent: Metropolitan Namore than 10% in any one year. tional Bank, Seattle, Wash. Callable: At 110 on any dividend pay- Registrar: First Seattle Dexter Horing period. - tn Nat. Bank, Seattle, Wash. Voting Power: None. Date Offered: 1921: Price: $100. 3. COMMON STOCK Provisions: Has full voting power. Publie Offering by: First Seattle Dividends: Paid regularly June 30 Dexter Horton Securities Co. During and Dec. 31. January, 1930, only, at $9.00, to all pur-Transfer Agent: The Company. chasers of Class “A” 79% Preferred— Number of Stockholders: 25 one share with each share of preferred. EARNINGS Year 1924 _..... 1925 .. mee L928 iiivitiiinmmaneon ne eomeremrsnsensse— tn LO eee 19: .._... 1929 Operating Exp. Res Gross Income Ts» a" Misc. 82,620 ° 8 70,981 : 2 804 15,497 111,221 200 701 Net Int. and Div. T 40,422 £7,749 © +,755 t.. "00 87,.76 05 524 FUNDED DEBT, As of Dec. 31, 1929 Guaranteed Convertible Rate Dated Due Gold Debentures ....... __........ 6% 4-15-28 4-15-38 Interest Payable: Apr. and Oct. 15th, by trustee. Trustee and Registrar: Metropolitan Nat. Bank, Seattle, Wash. Callable: As whole or in part on 30 days’ notice, April 15, 1929, to April 15, 1931, at 103; thereafter to April 15, 1933, at 102; thereafter to April 15, 1937, at 101; thereafter at 100. Convertible: Into Employees 7% Preferred Stock on any interest date, on basis 10 shares of stock for each $1000 debenture. Sinking Fund: Trust Indenture provides $25,000 per annum be reserved semi-annually, beginning Oct. 1, 1928, to purchase debentures, if obtainable, at or below 100%, unexpended balances at end of each six months to be avail-Author. Outstdg. $250,000 $250,000 able for corporate purposes. Security: Debentures unconditionally guaranteed, principal and interest, by A. S. Eldridge, Pres. of the Eldridge Buick Co. and Eldridge Securities Corp. Company will not hypethecate any assets nor mortgage any property withrut first securing these debentures ‘atable therewith. Company agrees not .0 create any indebtedness which will nake its total aggregate borrowings n excess of four times its total net ‘apital worth. Legal Opinion by: Howe & Graham, ‘or the bankers; Shank & Bell & Fairsrook for the company. Offered by: First Seattle Dexter Horton Securities Co., November, 1929, at Dar ~ em THOMSON'S MANUAL FEDERAL LAND BANK ADDRESS: Spokane, Wash. HISTORY: Chartered under Federal Farm Loan Act, in 1917. In 1925, owing to agricultural depression, it was necessary for 11 other Farm Loan banks to advance Spokane bank $4,495,930 to carry lands taken under foreclosures, accepting participation certificates therefor. On March 31, 1930, total certificates still outstanding were $2,799,850. Against this the Spokane bank held title to real estate valued at $3,200,645, which when liquidated will be applied against outstanding participation certificates. OFFICERS: BE. M. Ehrhardt, Pres.; W. S. McCormick, Vice Pres.; O. H. Junod. Treas.; Henry Mathew, Secy.; W. K. Newcomb, Secy. DIRECTORS: R. E. Shepard, Jerome, Idaho; E. M. Everhardt, Spokane, Wash.; W. S. McCormick, Kalispell, Mont.; B. D. Thompson, Granger, Wash. E. E. Dent, Jefferson, Ore.; A. S. Goss, Seattle, Wash. CAPITAL: As of March 31, 1930: Authorized, $6,000,000; outstanding, $5,206.542 Par Value, $5.00. DIVIDENDS: 1918, 10% 1919 to 1922, incl, 6%; 1923 and 1924, 3%. STOCK REGISTRAR: E. M. Watson, Spokane, Wash. Number of Stockholders: 32,237. INCOME ACCOUNT, Years Ending Dec. 31 1929 1928 F 462,155 $5,474,061 .928,655 5,041,474 reeeeeeeeeeneeeed 33,5600 $ 433,587 BALANCE SHEET, As of March 31, 1930 ASSETS LIABILITIES Unmatured Loan Bonds.......$ 95,342,600 3onds Matured ..occooooomemnionane 1,850 Joupons Matured -....ooccicienens 41,053 Jue BOTTOWErS wocuececcemmucmmamnnen 35,858 \ccounts Payable o.oo... 382,851 Accrued Interest coocceoomaceeee. 1,944,354 vdvance Loan Payments... 77,873 JDther Liabilities .cococmoeaaaeees 162,898 Participation Certificates...... 2,799,850 Deferred Income ....ocooceoceeeeeen 501,888 Capital StoCK eccrine 5,206,542 Mndivided Profits ccococeemeeees 997 TOTAT, LTARILITIES ee3106,498.626 Gross Earnings .oececcceeccmeccomcnecrmsnsennasanees Interest, Expense, Taxes, etCuom.... Net Profits coe ocaas Mortgage Loans c.eeceeeeeee.$ 93,722,469 U. S. Gov. Securities.......c..c..... 506,297 Bonds of Other Banks............ 13,000 Other Securities eocccceoececciuene.-. 050,000 CABIN .coenn arr ammommmmpmmmme gS SS SoHE SY 111,144 Accounts Receivable ............ 508,81-Notes Receivable .ooceeeeenceeee “83,117 Delinquent Installments .... 01,49! Accrued Interest 1.90¢ Real Estate .. Th Judgments ........... Banking House ..... fixtures ooo eee. Deferred Assets ...... Jther Assets ..... 3 TOTAL ASSETS a .8106.498.620 FINANCE SERVICE CORPORATION GENERAL OFFICE: Colman Bldg. Seattle, Wash. HISTORY: Incorporated under laws of Washington. Oct. 1926, with $49.000 capital; increased to $99,000 in 1929.. BUSINESS: Dealers in commercial paper trade acceptances. notes and conditional sale contracts. . OFFICERS: H. W. Heritage, Pres.; K. E. Ratcliffe, Secy. TRUSTEES: H. W. Heritage, K. E. Ratcliffe. W. C. Grabau, R. L. Saunders. C. 1 Gere, all of Seattle, Wash, GENERAL COUNSEL: Clarence L. Gere, Seattle, Wash. GENERAL AUDITORS: A. P. Cloes & Co., Seattle, Wash. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Tuesday in January. CAPITALIZATION, As of May 1, 1930 Par Value Authorized Outstanding 1. 7% Cum. Pref. Stocco reece. $100 $89,000 $75,000 2 Common Stock .. eeeeaneeee 8100 $10.000 $10.000 1. 7% CUMULATIVE Provisions: Preferred as to dividends and assets in case of liquidation. Participates fully with common stock in all earnings. Voting Power: Non-voting unless dividends in arrears two years. Tax Status: Federal income tax up to 29. paid bv company PREFERRED STOCK Dividends: 159% per annum paid quarterly Jan., Apr, July, Oct. 1st. 1927, 1928, 1929. Transfer Agent and Registrar: The Company. Public Offering by: The Company at 2100 per share. : Number of Stockholders: 60. IN Av 2. COMMON STOCK Dividends: 159% per annum paid quarterly Jan. Apr. July, Oct. 1, 1927, 1928, 1929. Number of Stockholder-COMPARATIVE INCOME STATEMENT, Years Ending P-+929 Voting Power: Has full voting pow-2r unless preferred dividends become two years in arrears ,in which event preferred stock assumes full voting power, Discounts Earned ..............._ Expense ........... 927 0 11 Net Profit coo eens Dividends Pai@ oceania Surplus for year..... mmeennnn COMPARATIVE CONSOLIDATED BALANCE SHEET. Assets~ osaQ J 8 of Dee. CAS coca eee eran. Accts Receivable......... mnt Bills Receivable .... Total Current Assets. ....cccccooeeecaaenn Stocks and Bonds......... Real Estate Contracts.......ccooooeeocaenae. Furniture and Fixtures..........ccoe..... Organization ‘Expense ..._. TOTAL ASSETS LIABILITIRES-Accounts Payable ..................._ Notes Pavable Total Current TF.ahilities Common Stock .. Preferred Stock ........ Undivided Profits ........ TOTAL LIABILITIFE FIDELITY BOND & MORTGAGE CORPORATION GENERAL OFFICE: Northern Life Tower, Seattle, Wash. HISTORY: Incorporated under laws of Washington, October, 1926. In Feb. 1928, merged with Puget Sound Securities Co. BUSINESS: Company originally formed to deal in local securities and finance local industries in need of additional capital. Also deals in general securities, mortgage loans and conducts general insurance dept. SUBSIDIARIES: Fidelity Land Corp. Fidelity Bond and Share Corp. OFFICERS: H. C. Sampson, Pres.; J. W. Dorwart, Vice Pres.; Alan H. Sampson, Sec.-Treas.; all of Seattle, Wash. DIRECTORS: Samuel Archer, O. A. Piper, H. E. Dupar, George Johnson, G. H. Colton, H, C. Sampson, J. W. Dorwart, Alan H. Sampson, Clarence Malmo, Robert Harlin, W. W, Montgomery, Fred W. Paul, C. G. Heifner, S. G. Brookes. all of Seattle, Wash. GENERAL COUNSEL: W. W. Montgomery, Seattle, Wash. Fixeal Year Ends: Dec. 31. Annual Meeting: 1st Monday in January CAPITALIZATION. As of March 29, 1930 ~~ Value Authorized Outstanding No par $249,000 $84,969 No par 4,000 shs 4,000 shs L. CUMULATIVE PARTICIPATING PREFERENCE STOCK Provisions: In case of involuntary paid at source up to 29. distribution, entitled to $25 per share Dividends: Regular $1.75 per annum, ind accumulated dividends. Entitled to paid quarterly, Jan., Apr., July, Oct. 1st, $1.75 per share per annum, plus an plus 39% extra, each vear since Jan. 1, equal participation with the common 1927. stock in any further dividends declared. Transfer Agent and Registrar: The Callable: In the market at $26.25 Company. and accrued dividends. Legal Opinion by: WwW. W. Mont-Voting Power: When dividends are gomery. 24 months in arrears each share votes Offered by: The Company at $31.25 until remedied. Number of Stockholders: 150. Tax Status: Federal income tax is Price Range: 1929 Sales at £31 25 284 THOMSON'S MANUAL COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 .--520,257 .. 3.276 1928 $6,960 1,005 $7,965 val $6,050 ... 1,021 1,621 .1.482 $ 394 Commissions and Profit Sales.....iaeeee [Interest and Dividends. .c....cccoo i rmmmeaeees Operating EXpPenses ........c.iceoceeomomiaanns emmmmanenn ean amneaan. TNEETEST PALA coeee eee aeeecemcecemcammeeccacemcaccssmmmmnssmeesmoecnsmsssnessrasaannannse Gross Profit before Dividends................. oe a COMPARATIVE BALANCE SHEET, £ ASSETS — s of Jan. 1. 1930 Feb.1, 1929 $ 379 1,422 9,402 53,326 TT176 64.705 CAS eee eee eee eeeeeeeeezatnnaeesnnaesmnsanneeamasnsasnassesssnaetnmnaramnanrannaracassrennanmasannand Accounts Receivable oo eiieicceiceacreananaa eases esate enna Notes ReECEIVADIE eoeiieceeacaccemcmaacascnamamn rename naman sme cmeanss Stocks aNd BONAS. cc eeecieecaececemas samen eaan am aaae seers eran anes Jontracts Receivable ocr ee enone Loans Receivable . ER ——— AN va Am ye en s AAAS RE Office Fixtures ... eeeemamaemammneme emaesmemsecsacecmscssemenemns TOTAL ASBETSE .cumummmmmmers 5056 903 279 447 219 311 2119 315 LIABILITIES— Accounts Payable Loans Payable .. OT Notes Payable oo ecceceiccccosemoseamnnnmnanecaseeacaaaaaaa tan mmannnssnass P. S. Securities 615% NOLES... iciiaceciemmrmnceeearereccnssnsneanrsaaens Common Stock ........ morn A EH REGAN os wwe Preferred Stock .......... rear ——————— on—tstemAER ARSE RS Surplus . ee EH CE ER ws sma was mE TOT AT, I.TARILITTIRES as ee eeerrranraamaaraaeeeeenene-$119,315 $ 577 263 2,750 TU825 35,800 24,490 264.705 FIDELITY RESERVE & LOAN COMPANY GENERAL OFFICE: 9 Board of Trade Bldg. Portland, Ore. HISTORY: Incorporated under laws of Oregon in 1925. BUSINESS: Collateral and Chattel Loans. OFFICERS: R. Tomlinson, Pres.; Jas. Dundon. Vice Pres.: Aaron Holtz, Viee Pres.; Z. Swett, Sec.-Treas. DIRECTORS: J. M. Jones, J. Shemanski, J. W. Oliver, W. I. Greene. ADVISORY BOARD: Roscoe C. Nelson, J. R. Rogers, K. K. Baxter, S. A. McLean. Hon. A. W. Norblad, Morris Senders, Hon. Lynn Jones. GENERAL COUNSEL: Day Hampson & Nelson, Portland, Ore. GENERAL AUDITORS: Lybrand, Ross Bros. & Montgomery, Portland. Ore. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Mon. in Jan. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding 1. 89% Cum. Preferred StocK....eccceec.. $100 1,000 shs 1,000 shs 2. 89% Cum. Preferred Stock............ $10 20,000 shs 19,759 shs 3. Common StOCK womeecomeeeeanseacanccrcancermcannnnn $1 50,000 shs 41,958 shs Dividends: None paid on preferred stock since June 30, 1928, when State Superintendent of Banking declined to permit payment of further dividends until item of $50,000 organization expense be amortized. This being done at rate of $500 per month and indications are that dividends will be resumed in 1930. INCOME ACCOTINT, Year Ending Dec. 31, 1929 95 _— no Income before Fed. Ine Tax....328,383 . - Federal Income TaX....oiimacmennns 3,432 Operating Income ............. 495 _ Non-overating Expenses ....c...ceceee. 1,912 Net INCOME wemecanericeemcecnaannnenee-$ 24. 9B PALANCE SHEET. Ax of Dec. 31, 1929 ASSETS LIARILITIES Bank Overdra‘c ..... $12,532 Accounts Payavle .... cccrieienmans 574 Fed. & State Taxes OR —— 5,220 Accrued Interest ... emma 318 6% Certificates ........ cooooonirenees 16,500 Unearned Interest oo cimaeaes 34,952 Capital Stock . rims 339,548 BUTPIUS cre corecreeameen ceecmneoennnnsaannee 5.062 TOTAL LIABILITIES nen 3414.70F Cash ........ er eemumemm——y 150 LOANS usecnssess teeemeeeneaeee. 239,121 S3ECUTItIeS ceeceeeeeimenmeneneenneees 22,868 Stock Subscriptions .. eames 21,485 Life Ins. Premiums... eemnennnn "25 Life Ins. PolleV.cmmmmmsmevsevosgons b7 Furniture & Fixtures.................. .,500 Organization Expense ........... 25000 TOTAL, ASSETS oo a... %3414.706 FINANCE 285 FIRST BANK STOCK CORPORATION GENERAL OFFICE: Minneapolis, Minn. BUSINESS: Controls 85 banks within Ninth Federal Reserve District, including following in state of Montana: Midland Nat. Bank, Billings. Commercial Nat. Bank, Bozeman. Metals Bank & Trust Co., Butte. First Nat. Bank, Great Falls, Montana Nat. Bank, Havre, Am. Nat. Bank, Helena. National Bank of Montana, Helena. SUBSIDIARIES: First Securities Corp., First Bank Credit Corp. OFFICERS: C. F. Jaffray, Chairman; Geo. H. Prince, Pres.; Lyman E. Wakefield, Vice Pres.; Lyle C. Sholes, Vice Pres.; R. C. Lilly, Vice Pres.; A. McC. Washurn, Vice Pres. & Gen. Counsel; P. J. Leeman, Vice Pres. & Gen. Megr.; E. C. Kibbee, Vice Pres.; A. E. Wilson, Secy & Comptroller; M. M. Hayden, Treas.: M. A. Cooley, Asst. Secy. & Treas. Fiscal Year Ends: Dec. 31. Annual Meeting: Februarv CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized ceeemeeee $25,000 10,000,000 shs CONDFNS™D BALANCE SHEET, As of Dec. 31, 1929 RESOURC~ LIARILITIF Common Stock ._._ Cash on Hana......... Bonds & Commerc. Bills Receivable . Accounts Receivabl. Furniture & Fixte-Stocks eee Accrued Interer TOTAL ASSET oo “0,092 Capital ........ Surplus & Undiv. Dividend Pavable 3 75,421,764 16,698,616 Toe.ord 0 TOTAL LIABILITIES ........$122.875.8495 122.875.5956 FIRST NATIONAL CORPORATION OF PORTLAND GENERAL OFFICE: Portland, Ore. CONTROL: Trans-America Corporation acquired control in June, 1930. HISTORY: Incorporated under laws of Delaware, Feb. 2, 1929. BUSINESS: An Investment Trust, principally holding stock of banks and trust companies. Company's policy is to maintain as reserve, substantial cash balance and investment in marketable securities. During first year of operation (1929) the following acquisitions were made: 26.8% First National Bank of Portland (carrying with it a pro rata interest in the Security Savings and Trust Co. and the Security Safe Deposit Co., both of Portland). All of Bank of East Portland shares and Geo. W. Gates & Co., Bankers, Portland, Ore., except directors’ qualifying shares. OFFICERS: C. F. Adams, Pres.; H. F. Corbett, Vice Pres.;: E .B. MacNaughton, Vice Pres.; E. R. Corbett, Secy.; Edw. H. Geary, Treas.; C. L. Minahan, Asst. Secy.: J. H. Mackie, Asst. Treas., all of Portland, Ore. DIRECTORS: C. F. Adams, E. A. Wyld, E. R. Corbett, E. B. MacNaughton, C. C. Colt, H. L. Corbett, H. F. Corbett, Henry C. Cabell, M. C. Woodard, Ben C. Dey. H. H. Newhall. Joseph Simon. CAPITALIZATION, Ax of Dec. 31, 1929 Par Value Authorized No Par 300,000 shs No Par 12. 332 shs 1. 2? Class A StoCK.oooooooo Class B Stock... So Outstanding 70,000 shs 12 222 shs I. CLASS Provisiens: Entitled to $2.00 preferential cumulative dividend and participates share for share in further dividends after Class B has received $2.00 per share per annum. In liquidation, Class A preferentially entitled to $60 per share and accrued dividends and participates share for share after Class B has received $60 per share. No securities having equal or superior rights to Class A stock may be issued without 3% vote of Class A stock-A STOCK holders, except indebtedness maturing in 12 months secured by pledged collateral. Callable: Stock is non-callable. Voting Power: Non-voting, except when cumulative dividends unpaid 18 months, in which event one vote per share until remedied. Tax Status: Dividends free from Normal Federal Income Tax up to 2%. Dividends: Regular $2.00 per annum THOMSON'S MANUAL paid quarterly Jan., Apr, July, Oct. 15, Portland, Ore., for Underwriters; Dey, since Apr. 15, 1929. Hampson & Nelso, Portland, Ore., for Transfer Agents: Security Savings the Corporation. & Trust Co., Portland, Ore.; Anglo & Public Offering by: Schwabacher & London-Paris Bank, San Francisco, Co., Dean Witter & Co. Blyth & Co, Calif. Wm. Cavalier & Co., Geo. H. Burr, Con-Registrar: First Nat. Bank, Port- rad & Broom, Freeman Smith & Camp, land, Ore.; Anglo-California Trust Co., Drumheller, Ehrlichman & White. San Francisco, Calif. Date Offered: February, 1929, at Legal Opinion by: Chickering & $48.00. Gregory, San Francisco; Carey & Kerr, Number of Stockholders: 1,450. 2. CLASS B STOCK Paid In: 13,333 shares originally is- ing power except when dividends on sued were paid in at rate of $47.50 per Class A are 18 months in arrears. share by interests affiliated with First J Dividengs: Bogular ree Iiv. National Bank of Portland. Oct. 15. since Apr. i5, 1929. ’ Voting Power: Class B has full vot- Price Range: 1929, high, 45: Low, 32 BALANCE SHEET, As of Mar. 27, 1930 RESOITRCES LIARILITIES CASRN cooeeereeeeememaennee renee $ 312 Bank Stocks co... .. 7,483,406 Other Investments ............ 307,971 Accrued Int. & Dividends. 1056 Office Equipment ...........- ‘ Organization Expense .......... TOTAL RESOURCES ....... .$3.846.534 Class A Stock....... Class B Stock comeeneeee .-Paid In Surplus... .- 5 Earned Surplus co... . Reserve for Taxes..... . Tnearned Discount _... ..... ..... Dividends Payable .iieeenen. TOTAL LIABILITIES ee.$3.846,534 enen$3,150,000 400,000 233,318 15,683 5,648 367 41.618 FIRST SECURITY CORPORATION OF OGDEN GENERAL OFFICE: Ogden, Utah. HISTORY: Incorporated under laws of Delaware, June 15, 1928, succeeding to what was known as the Eccles-Browning Affiliated Banks (started in 1923). said to be the pioneers of the group banking movement in the United States. BUSINESS: Owns controlling interest in the following banks: Nat. Copper Bank, Salt Lake City, Utah. 1~+ Security Bank, Preston, Idaho. 1st Nat. Bank, Ogden, Utah. Security Bank, Gooding, Idaho. lst Savings Bank, Ogden, Utah. Security Bank, Shoshone, Idaho. Thatcher Bros. Bank. Co., Logan, Utah. Security Bank, Jerome, Idaho. 1st Security Bank, Hyrum, Utah. Jecurity Bank, Mountain Home, Ida lst Security Bank, Richmond, Utah. Security Bank, Hailey, Idaho. Ist Security Bank, Bingham, Utah. Security Bank, Rupert, Idaho. Ist Security Bank, Garfield, Utah. Security Bank, Ashton, Idaho. ist Security Bank, Magna, Utah. Security Bank, Rock Springs Wyo 1st Security Bank, Boise, Idaho. S ity B K S Ss . CW Ist Security Bank, Pocatello, Idaho. ecurity Bank, So. Superior, Wyo Anderson Bros. Bank, Idaho Falls, Ida. 1st Security Co., Ogden, Utah. 1st Security Bank, Nampa, Idaho. Nat. Copper Co., Salt Lake City, Utah. ist Security Bank; Blackfoot, Idaho. 1st Security Bldg. & Loan Asso. Pocalst Security Bank, Montpelier, Idaho. tello, Idaho. OFFICERS: M. S. Eccles, Pres.; M. A. Browning, Vice Pres.; BE. G. Bennett, Vice Pres. & Cen. Mgr.; E. E. Byer, Asst. Vice Pres.; George S. Eccles, Sec.-Treas.; C. I. Canfield, Gen. Auditor; M. W. Johnson, Mgr. Bond Dept. DIRECTORS: John Browning, Louis S. Cates, G. G. Wright, A. C. Ellis, Jr., M. S. Eccles, Roy Bullen, E. G. Bennett, Dr. D. C. Budge, Edgar S. Hills, W. H. Harris, Joseph Scowcroft, George 8S. Eccles, John Hood. R. B. Porter. John Thomas. M. A. Browning. W. H. Wattis. 8. S. Eccles CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized Outstanding 100 $5,000,000 $4,355,800 $100 $1,000,000 $ 500.000 2100 £1.500.000 1. 2. 2 Class “A” Com. Class “B” Com. Preferred Stock StocK.mamamaaaenn SLOCK cavsismam~eee CLASS A» COMMON STOCK _ Provisions: Fully paid. Participates Transfer Agent: Crocker First Naon ajl earnings applicable to Common tional Bank, San Francisco, Calif. ock, ranking equally, share for i : A ican Trust Co., San Share, With Class Be L In dissolution, pest ar lit n us ’ as prefere ’ ’ os Tacs Bo up to $116.67 per share Legal Opinion by: Thatcher & Young. Young Powers Nop-yoting, Ogden, Utah. ividends: Payable quarterly Jan. Public Offeri by: E. H. Rollins July and Oct. 1, 1928, 7%; 1929, & ans May, 1929, i | par. 0. Ex-Dividend Date: 20th of preceding Listed on: San Francisco Stock Ex month. change. FINANCE 2. CLASS “B” COMMON STOCK i July and Oct. 1. 1928, 7%, 1929, %. Ex-Dividend Date: 20th of preceding month. Stockholders: Of 5,000 shares outstanding, 909% is said to be owned by the Eccles Investment Co. and J. M. & M. S. Browning Co., sponsors of the organization. Provisions: Shares equally in all earnings with Class "A" stock. In dissolution shares equally with Class “A” after the latter has received $116.67 per share. Voting Power: Has full voting power. Dividends: Payable quarterly, Jan. EARNINGS REPORT For Year 1929 Earnings from Subsidiaries........§712,99% Bond LoSSeS .....ccccceceueun... 451 Other Income, Interest, etc....... 1.3.7. Res. Bus. Extension....... 25,000 T0179) meer Trem Net, after Income Tax. Taxes and Expenses....$22," Earned Per Share... ws? Ni COMPARATIVE B' ASSETS— Due from Banks ................ eeeeamarmeeeenereenene———-Investment in Subsidiaries.......... een ; Bond Department .......... I Incorporation EXDense ........... ooooooeeenenn. Real Estate and Other AssetlS......ooc.cooo..... " "NCE SHEET, As of Dec. 31, 1929 Fo 96,626 acer Mar. 31, 1929 212,507 "ag no TOTAL ASSETS LIABILITIES Class “A” Stock........ emma maaan Class “B"” StocCK...coeouioooeamaaaee_. EAE EE ER SUL DUS cece eee eee eee eee eee eee Undivided Profits oases Reserves .._. TOTAL LIABILITIES ............. teem aom—— CONSOLIDATED STATEMENT of System Banks, as RESOURCES— Dec. 31, 1929 Loans and Discounts............ . ..___ r wmssnssssssssssnsnenamnsnimeenemese d 54.191,116 Banking House, Furniture and Fixtures............_. raeae 000,994 Other Real Estate a 253,335 Other Securities ........... meee am 892,221 Bonds Securing Circulation... o.oo. .- 500,000 Five Per cent Redemption Fund.......oooeooooeoon. -.- 25,000 Customers’ Liability vs. Letters of Cre@it.........cooooeooo.. 2,990 Other Assets ......cooo........ Ce eeeaom—eeo aan ema nanan 28,935 Cash and Due from Banks... aeenee. 6,{00,697 Call Money and Securities. eeemeeenernaenseeee—er 11,467,368 TOTAL RES ee 251.062.6586 LIARIT Capital .. Surplus ... Profits and Bank Curre . Customers’ Let Deposits ......._ TOTAL LIABT "TR eee SET 062.656 2.386,000 325,000 00,744 AC AGN 1ar. 30, 1329 $21,517,682 959,092 252,571 828,297 500,000 PE 000 n ¢ gq i6 OE0 “06 2.386,000 “4500 120 “50 _ 20 lv #¥5= N36 FG.O0O 06 BOND VALUE TABLES INTEREST TAB LES BOOKS ON FINANCE Will send on approval to any rated firm. Most complete stock in Pacific Northwest. THOMSON’S BUSINESS BOOK SERVICE Seattle aah 288 THOMSON'S MANUAL FIRST SEATTLE DEXTER HORTON SECURITIES CORPORATION GENERAL OFFICE: Second Ave. at Columbia St., Seattle, Wash. BRANCH OFFICES: Seaboard Branch, Fourth and Pike, Seattle; Metropolitan Branch, Third and Union, Seattle: also branches at Ballard and Walla Walla, Washington. HISTORY: Incorporated under laws of Delaware, Sept. 19, 1929. Organized in connection with consolidation of Dexter Horton National Bank, First National Bank, Seattle National Bank, as the *First Seattle Dexter Horton National Bank, for the purpose of holding stocks of affiliated banks and also serving as an investment subsidiary. of the consolidated institution. BUSINESS: Retail and wholesale distribution of securities. Participating in security syndicates, etc. SUBSIDIARIES: Holds all but directors’ qualifying shares of the following institutions: *Metropolitan National Bank, *First Security Bank, Dexter Horton Sous Bank, First Greenwood National Bank, First Canal Bank. all in Seattle, ash. *For financial statement see Banking section of this manual. OFFICERS: W. H. Parsons, Chairman; M. A. Arnold, Pres.; Lawrence M. Arnold, First Vice Pres.; George E. Maine, Vice Pres.; H. S. Grande, Vice Pres.; Thomas F. Gleed, Vice Pres.; Park Cassel, Secy.; Morton Baker, Treas. DIRECTORS: W. C. Butler, Mark Reed, F .H. Brownell, L. C. Henry, W. H. Parsons, M. A. Arnold, L. M. Arnold. Hugh G. M. Kelleher, J. W. Spangler, D. E. Frederick, O. D. Fisher. Fiscal Year Ends: Dec. 31. Number of Employes: 40. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding . $100 20,000 shs 15,000 shs No par 400.000 shs $2.000.000 1. 69% Cum. Pref. Stock........... 2. Common Stock .. 1. 6% CUMULATIVE PREFERRED STOCK ' Provisions: Preferred over common per annum paid quarterly, Jan. Apr. stock oy to 6% Zana) Svidengs and as July and Oct. 1st. to assets in event o iguidation. . Callable: At par and accrued inter- Aa He Otfering by: The Company est on 60 days’ notice. ” ’ : Dividends: Beginning Jan. 1, 1930. 6% Number of Stockholders: 650. 2. COMMON STOCK Ownership: All owned by _stock- Paid In Equity: Original 400,000 holders of First Seattle Dexter Horton cas National Bank, each share of bank shares were paid in at $5 per share. stock carrying with it a share of Se- » curities stock, which cannot be sold Voting Power: Common stock ha separatelv sole voting power. FIRST SEATTLE DEXTER HORTON GROUP CONSOLIDATED STATEMENT OF RESOURCES, As of Dec. 31. 1929 - Surp. and Capital TUndiv. Profits Deposits Total Resources 1st Seattle Dexter Horton........$8,000,000 $2.02A.641 $78,328,402 $ 93,815,759 Metropolitan Nat. Bank........... 5CC n00 coe 10,655,257 11,669,423 1st Greenwood Nat. Bank... . n¢ 604,822 639,256 First Security Bank... ‘ £89,170 1,861,814 Dexter Horton State Bank... ~1 B85 892,182 First Canal BanK..oeeeeeeen. 0 627,157 First Rainier Valley Bank... 2 472.177 r TOTAL _....... CC T$2.810.000 «wo 4 hy (Hh HX 202.029.9921 e100 978.771 GUARANTY TRUST COMPANY GENERAL OFFICE: 172 Broadway, Portland, Ore. BRANCH OFFICES: Salem, Marshfield, Coquille, LaGrande, Eugene. North Bend. Silverton and Klamath Falls, Ore.; Anchorage, Alaska. HISTORY: Incorporated under laws of Oregon August 19, 1912, under name Oregon Bond and Mortgage Co. Name changed 1924. BUSINESS: Company issues first mortgage bonds, secured by first mortgages on improved real estate in Oregon. Also operates general insurance and property management departments. SUBSIDIARIES: National Investment Corp. incorporated under Oregon laws April 28, 1927; holds title to all company’s real estate. OFFICERS: A. J. Perkins, Pres.; J. S. Magladry, Vice Pres.; L. R. Holmes. Ser Treas. DIRECTORS: A. J. Perkins, J. P. Winter, J. S. Magladry, J. 3. Moltzner, Well Stevens, W. T. Culver, Joseph M. Healy. GENERAL COUNSEL: J. P. Winter, J. S. Moltzner, Lawrence T. Harris, Portland, Oregon. Fiscal Year Ends: Dec, 31. Annual Meeting: January. oor “TATION, As of Dec. 31, 1929 Par Value Authorized 1. 59% Part. Pref. Stocn.eannceeecceeee.. $100 $1,000,000 2. Common Stock .. .- $100 $ 500,000 Outstanding $351,100 $183,135 l. 8% PARTICIPATING PREFERRED STOCK Preferred stock has preference up tc $100 per share in liquidation. Dividends: 5% per annum paid semiannually, Jan. and July 1, on preferred. None on common stock recently. Provisions: 59 dividends are cumulative, and have preference over common dividend. After common receives 5% dividend in any one year, further dividends are distributed two-thirds to com. stk. and one-third to preferred. DMPAR*TIVE BAI NCE SHEET, As of Dec. 21 1929 vi 13,503 "3 20,060 18,679 171,581 £7 ASSET. Cash corrreeeeeer see, Stocks and Bonds .... Accounts Receivable Mortgages Receivable Notes Receivable .... Accrued Interest ..... ean Home Office Bldg. ceo... ceeoatenannenna——-Office Bldg., Eugene, Ore. .... ...........___ Furniture and Fixtures ............oooooooooeeoooooo Charter and Other AssetS.....................oooo...___ 1927 5,432 ? 789 +28 47 ; TOTAL ASSETS LIARILITIEFS Capital ..... Surplus ............... Bond Liability .._..... Accounts Payable . - Notes Payable __.................. Mortgage Loans Payable ... Nat. Inv. Corp. ..._._. TOTAL LIABILITIES 4,235 “905 cop FUNDED DEBT, As dec. 9 1929 Dated Var. Var Interest Payable: Semi-annually on Coupons, Jan. and July 1. Savings Bonds are cumulative, payable at maturity. Trustee: Lawyers Title & Trust Co., Portland. Ore. Rate 1. 1st Coupon Bonds......... 6% 2. 1st Mort. Savings Bonds 6¢ Jue Authorized Various Unlimited Various Unlimited Registerable: As to ownership. Denominations: $100, $500, $1,000. Security: First mortgages on Oregon real estate, deposited with the trustee mtstanding $50,000 $19,869 GENERAL AMERICA CORPORATION GENERAL OFFICE: 1102 White Bldg., Seattle, Wash. HISTORY: Incorporated under laws of Washington, July 1. 1929. BUSINESS: A holding company, organized primarily to acquire and hold stock of the “All-America Group” of insurance companies. Charter permits engaging in most any character of financial business. HOLDINGS: Company owns or controls all but directors’ qualifying shares in the following: General Insurance Co. of America, First National Insurance Co. of America, General Casualty Co. of America, American Insurance Agency. The above companies were acquired by exchange of stock as follows: 75 shares of Gen. America Corp. for each one share of Gen. Ins. Co. of America and Gen. Ins. Agency combined; 30 shares of Gen. Am. Corp. for each one share of First Nat. Ins. Co. of Am. The Gen. Casualty Co. of America was owned jointly bv Gen. Ins. Co. of America and First Nat. Ins. Co. of America. The Western Insurance Co. of America, owned bv the Gen. Ins. Co. of America, was liquidated in 1929-20 190 THOMSON'S MANUAL YFFICERS: O. D. Fisher, Chairman; Joshua Green, Vice Chair.; H. KX. Dent, Pres.; J. F. Douglas, Vice Pres.; A. S.' Eldridge, Vice Pres.; Frank B. Martin, Secy.; J. T. McVay, Treas.; Ralph H. Baldwin, Asst. Secy.; Geo. H. Belt, Asst. Treas.; L. F. Becker, Asst. Secy. DIRECTORS: O. D. Fisher, Joshua Green, J. F. Douglas, A. S. Eldridge, C. H. Clarke, Frank B. Martin, Frank T. McCollough, J. C. Ainsworth, I. Loengart, W. H. Talbot, Geo. J. Osgood, A. W. Middleton, Henry Corbett, Harry T. Nicolai, Robert H. Strong, F. R. Titcomh, John S. Baker, Neil Cooney, F. C. Talbot, J. P. Mc-Goldrick, W. L. McCormick, J. A. Humbird, Henry McCleary, H. K. Dent. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Thurs, in Jan. Number of Employes: 275. CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized Outstanding JF 3 1,500,000 shs 1,230,000 shs Provisions: Stock is fully paid and July 1, 1930. Company expects to non-assessable, each share entitled to maintain this rate. yne vote. Divi : - Dividends: Beginning Oct. 1, 1929, Dividend Date: 15th of preced 16 cents per share per annum paid juarterly (Jan., Apr. July, Oct. 1), to Listed: On Seattle Stock Exchange. BALANCE SHEET, As of Feb. 6, 1930 ASSETS— 3,880 shs. Gen. Ins. Co. of America. eiiieees 3,920 shs. First Nat. Ins. Co. of America................ 3,985 shs. Gen. Cas. Co. of America... ...ooccocceeeeen TOTAL INVESTMENTS .......... CASH ceeceeemeecceccacacaam cerca * Accounts Receivable .... Organization Expense .... TOTAL ASSETS ..... LIABILITIES-Accounts Payable ....... Capital Stock ...... Surnlus ...._. cemreeeeneeneaa $0,187,000 winrinsnisasess SsbB 1s 159 eemmanemaee 1,195,500 eee $8,520,283 TTT 84,740 CT $8612.232 reeemnnneeaen 1,080 creeenae- 8,610,000 emenmnaan 152 TOTAL LIABILITIES tooooeooeoeeeoeeeeeeees eoaemeeaeantnamemsnmsssmeatannes memmssmcmceaceceeeeasens $8,612,232 * Accounts receivable secured by 120 shares Gen. Ins. Co.. 80 shares First Nat. Ins. Co.. 15 shares Gen. Casualty Co. OPERATING EXHIBIT—GENERAL AMERICA GROUP 1925 1926 1927 1928 Premiums Written ..............$2,249,581 $3,795,515 $4,634,835 ¢%,412,853 Less Reinsurance ............ 403,449 578,517 900,58% 454,725 Net Premiums oo... 1216 122 3,216,007 mes ous rome 128 Total Expenses .... oe Expense Ratio ...... i Premiums Earned ... ~ Losses Incurred ..... Loss Ratio cceoeommceaeeees Premium Reserves .......... Net Profits Including 40% of Premium Reserves 902.183 365.055 1929 $6,537,808 926.682 5,611,121 2,743,780 48.9 1,022,428 2,011,181 49.9 230.658 £99 $34 BOND VALUE TABLES INTEREST TABLES BOOKS ON FINANCE Will send on approval to any rated firm. Most complete stock in Pacific Northwest. THOMSON’S BUSINESS BOOK SERVICE eattle. ash. Po hem ix GENERAL DISCOUNT AND MORTGAGE CORPORATION GENERAL OFFICE: 401 Home Savings Bldg. Seattle, Wash. HISTORY: Organized under laws of Washington, Sept. 6, 1923. BUSINESS: Discounting conditional sales contracts and accounts receivable from manufacturers and merchants. OFFICERS: Ahira E. Pierce, Pres.; C. H. Bailey, Sec'y; W. V. Eddy, Trustee; Oscar D. Trick, Trustee. CAPITALIZATION, Ax of May 1, 1930 Par Value 7% Cum. Preferred StocK.....oocoeooo... *10 Class A Stock... een. ‘ar Class B Stock..... ceeeeeem soar Class BB Stock......... No Par Authorized 149,899 shs 20,000 shs 39,900 shs 100,000 shs 1. 2. 3. {. Outstanding 49,899 shs 20,000 shs 39,900 shs Provisions: Preferred stock entitled to 7% cumulative dividends and $10 per share in liquidation. After Preferred dividend is paid, Common stock is entitled to same rate paid Preferred, after which further earnings distributed equally between two classes until Preferred receives 109, after which all further earnings go to Common stock. Callable: Preferred is callable at $12.50 per share. Dividends: Paid regularly on Preferred. Offered: By the company, 10 shares Preferred and 4 shares Common at $125 per unit. RALANCE SHEET, As of Dec. 31, 1929 LIABILITIES Notes and Accts. Payable...........$ 37,585 Reserve for Notes Rec. ............... 1,684 Capital Stock Issued.................. 460,680 Stock Unissued ........cocc..cccececco... 39,200 BUTTS sonvimmornimse tommbinimissmmnnseomnnamens 2,601 ACT RIFE Cash ee eae lL.oans & Discounted Paper.. Mortgages ...... l.ease Account _.. Notes Receivable ._..._.. Stockholders’ Account Investments ........ Furn. & Fixtures..... TOTAI, ASSETS 5,222 2.955 500 208 23 ec a 1 § 0 TOTAL LIABILITIES .............$541.810 GENERAL FINANCE CORPORATION GENERAL OFFICE: Salem, Ore. BRANCH OFFICE: Eugene, Ore. HISTORY: Opened for business July 1, 1927. Incorporated under laws of Oregon Feb. 1927. BUSINESS: Personal installment loans. OFFICERS: W. J, Needham, Pres.; G. W. Day, Vice Pres.; J. J. Elliott, Treas.; Coy H. Simmons, Sec.-Mgr. DIRECTORS: P. D. Quisenberry, Frank Durkin, Jr. GENERAL COUNSEL: Custer Ross. GENERAL AUDITOR: Lester Barr. Fiscal Year Ends: Dec. 31. Annual Meeting: Jan. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding 100 $70,000 $33,500 «100 $30,000 $30,000 'y on preferred stock since July, 1927. and 1. 79% Pref. Stock. 2. Common Stock .. —-Dividends: 79% per annum paid ~~ 8% paid on common. income: 1929 gross incom , expense, $11,076; gross profit, $11.643. CE SHEET. As of Dec. 31. 1» ASSEFn CLAYS LT JQ Net Loans .._..._.. Net 3% Loans. Stock Loans ....... Other Property ............._ Organization Expense .. Furn. & Fixtures... __. pa Cash TOTAY. ____..._ 76,270 3,350 5.863 1b “6 6 84 R97 3¢~ Stock Solin surplus ..........._. ""ndivided Profit ...... Res. for Unrnd Int. ......_..._...... es. for Accrued Int. ............. . Notes Payable i... Accounts Pavable ooo -...363,500 1,333 2,988 6,906 312 8,912 142 "CYT A; . 597 394 2 THOMSON'S MANUAL INVESTORS' HOLDING CORPORATION GENERAL OFFICE: 1414 Fourth Ave. Seattle, Wash. HISTORY: Incorporated under laws of Washington in 1929, to acquire all Common stock of the mortgage investment firm of W. D, Comer & Co. BUSINESS: A holding company, operating through subsidiaries. OFFICERS AND DIRECTORS: W. D. Comer, Pres.; F. F. Powell, Vice Pres. and Secy.; H. F. Dundas, Treas. GENERAL COUNSEL: Warren H. Lewis, Seattle, Wash. Fiscal Year Ends: Dec. 31. Annual Meeting: January. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized vierecemeemee. NO Par 490,000 shs No Par 10.000 shs 1. Class A Stock... 2. Class B Stock... 1. CI,ASS Provisions: Non-callable, non-assessable and entitled to receive preferential, non-cumulative dividends up to }1 per share per annum, after which Class B stock receives up to, but not sxceeding, 20% of preferential and specified dividends. Further dividends, f any, distributed 809% to Class A and 20% to Class B. In liquidation, Class A has priority up to $20, after which Olass B is entitled to 209% of amount received by both classes. Thereafter, assets divided 809% to Class A and 20% to Class B. A STOCK Voting Power: Class A has no vote axcept in event no dividends are paid for two years. Dividends: Payable semi-annually, fan. and July 1. Initial semi-annual iividend 50c per share paid Jan. .1, 1930. Legal Opinion by: Warren H. Lewis, Seattle, Wash. Public Offering by: W. D. Comer & Jo., in 1929, at $14.29 per share, or 7 shares for $100. MARINE BANCORPORATION GENERAL OFFICE: 1100 Second Ave. Seattle, Wash. HISTORY; Incorporated under laws of Washington Sept. 10, 1927, as a holding company, sponsored by the late John E. Price, Andrew Price and associates, to acquire, through exchange of stock, control of three Seattle banks, known as the “Marine group” and controlled by the Price associates, as follows: Marine National Bank, Marine Central Bank, Marine State Bank. Shares were offered to the public and taken readily, followed, within 9 months, by acquisition of 5 additional banks in the state of Washington, as follows: Capital National Bank, Olympia, Feb., 1928; Grays Harbor National Bank, Aberdeen, Mar. 14, 1928; National City Bank, Seattle; National Bank of Commerce, Seattle, April, 1928; First National Bank, Cosmopolis. The Montesano State Bank was acquired in August, 1929; First National Bank of Mount Vernon, Sept., 1929; LaConner State Bank, Oct. 1, 1929. CONSOLIDATIONS: In June, 1928, the Marine National Bank was consolidated with the National Bank of Commerce. Feb. 1, 1929, the National City Bank was also merged with the National Bank of Commerce, thus forming one bank of more than $35.000.000 resources in downtown Seattle. NAMES CHANGED: In June, 1930, the Marine Central Bank and the Marine State Bank were nationalized and names changed, respectively, to Central National Bank of Commerce (located at Westlake and Olive, in uptown Seattle) and Washington National Bank of Commerce (located at E. 45th St. and University Way, in the University District). SUBSIDIARIES: Company owns entire common stock of the Marine National Company, an investment organization which distributes, underwrites and participates in syndicates of, securities. Total resources more than $2.000.000 King County Building Co., resources $130,000. DFFICERS: Andrew Price, Pres.; Homer L. Boyd, Vice Pres. & Treas; Ira W. Bedle, Vice Pres.; Bruce C. Shorts, Vice Pres. & Secy.; Burle D. Bramhall, Vice Pres.: C. E. McDowell. Vice Pres.: Merle Johnson, Asst. Secy.; L. BE. Younger, Zhief Auditor, DIRECTORS: Manson F. Backus, Edward K. Bishop, Homer L. Boyd, U. M. Dickey, W. H. France, N. B. Hannay, E. H. Hatch, Wylie Hemphill, C. J. Lord, J. W. Maxwell, Ralph H. Miller. Blake D. Mills. Andrew Price. Bruce C. Shorts, >. W. Stimson. SOUTHWESTERN ADVISORY COMMITTEE: C. J. Lord. Chairman, Olvmpia: W. H. France, Montesano; W. H. Tucker, Aberdeen. GENERAL COUNSEL: Shorts & Denney, Seattle, Wash. GENERAL AUDITORS: Haskens & Sells, Seattle, Wash. Fiscal Year Ends: Dec. 31. Annual Meeting: First Mondav in January. FINANCE INSTITUTIONS CONTROLLED, As of June 30, 1930 Total Owned Name of Bank— Shares by M.B.C. National Bank of Commerce, Seattle, Wash........... 00,000 98,960 Grays Harbor National Bank, Aberdeen, Wash.. 2,000 JE J} Capital National Bank, Olympia, Wash.............__. “000 : Central National Bank of Commerce, Seattle, W JC0 First National Bank of Mount Vernon, Wash.. “0G Montesano State Bank, Montesano, Wash.._........ ; Washington National Bank of Commerce, Sea‘ Bank of Elma, Washington_........... La Conner State Bank, La Conner, Wash...... First National Bank of Cosmopolis, Wash......._.. Marine National Co., Seattle, Wash. (Preferred)... Marine National Co., Seattle, Wash. (Common)...... King County Building Co., Seattle (Preferred)....... King County Building Co., Seattle (Common)....... % Owned byM.B.C. 98.96 9214 91 951% 54.2 88 91.2 94 £8 70.2 12°; Gn sc. ut CATITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding No Par 491,000 Shs. 352,772 Shs. No Par 9.000 Shs. 8,842 Shs. Transfer Agent: National Bank of Commerce, Seattle, Wash. Public Offering by: Marine National Co., Sept., 1927, at $28.50. Number of Stockholders: 6830, residing in 33 states and 8 foreign countries. Listed: On Seattle Stock Exchange Price Range: 1929, high, 411: low, 27. 1928, high, 60; low, 35. 1930, to July 15, high, 351%: low, 29. 2. INITIAL STOCK Voting Power: Initial Stock has sole voting power. Dividends: Participates equally with Participating Stock. which see. Number of Stockholders: 153. INCOME STATEMENT, Year Ending Dec. 31, 1929 1. Participating Stock ..... 2. Initial Stock .... i. FULLY PARTICIPATING STOCK Provisions: Preferred as to assets over Initial Stock, up to $25.00 per share in event of liquidation. Participates equally with Initial Stock in all earnings and dividends. Callable: Stock is non-callable and non-assessable. : Voting Power: All voting power is with Initial Stock. Dividends: Regular dividends $1.80 per annum, paid quarterly, Jan., Apr. July, Oct. 1, since date of organization, Sept. 10, 1927. Ex-Dividend Date: 14th of month preceding dividenAd Income and Recoveries sr EE SR re SS nn AE ESR [Less: Expense and TaAXOS oie Interest ..... EE EE emmann Reserves . 295,05 RET, 200 (-+46,82: Net Income Total Shares Outstanding... .. Earned. ver share _______ ee as COMPATYT "TIVE RALANCE SHEET, As of Dec. 3: Ten ny ASSETS— Cash and Call Loans... Stocks and Bonds Rp Dividends, Notes and Acects. Receivable..................... Stocks of Banks and Subsidiaries etter ea————n. TOTAL ASSETS oo. LIABILITIES— Dividends Payable ......._. Capital and Surplus................... “46 Cr 192% 888, ee 9 tee 9H TY - TOTAL, LIABILITIES ____ COMPARATIVE CONSOLIDATED BANK STATEMENT. RESOURCES— Cash and Due from Banks... UC. S. Bonds and Treasury Notes .... Simmons cn Other Bonds and Warrants... Fi mma mgme nwa mn 8 Loans and Discounts... eee wai Federal Reserve Bank Stock........ wow = te NERY Bimeeman on xan Banking Houses, eC eT Redemp. Fund. U. S. Treas... Letters of Credit and Accept's.. TT Accrued Interest Due... RRR de an mswmm mm RE Other Resources PEATE ERR nnn rem rE REESE SH En As of 1929 513,831,419 £,580,040 ,732,899 2,445,155 25.700 A AT. RESOITROYE c Vd 5 1) TOT P50 R15 OR2 Nec. pt Ya 1928 9,230,568 7,408,180 4,358,009 21,696,420 108,000 281,526 79,250 7.650 ,171 22 777 +5 3920 581 THOMSON'S MANUAL LIABILITIES— Capital SOCK ieee Surp. and Undiv. Profane EBET VER cumnmriccsvisnummrmoninmmamapannnsssmsns st emi RH SR AS BEER Unearned Interest, Rent, etc...... remem Enna rnp Circulation o.oo... emmeeneon—————— ion Z0nds BOTTOWed ceccece eeeimeeiennanaen me eemcmeeneeomeennen Letters of Credit and Accept Soiree eee Rediscounts and Bills Payable... eeceeeeeeenns eeeeennnn Deposits —ceeee. reeeeeemmenneneeeee 11,809,934 TOTAL LIABILITIES ........ eee $50,815,983 ITEMIZED STATEMENT OF BANK RESOURCES, As of Dec. 31, 1929 Surplus & Total Undiv. Prof. Deposits Resources $1,651,845 $28,650,572 $35,593,180 76,854 2,012,560 2,298,694 28,325 14,234 1,046,360 "613 59,85° 3,628,467 ee 22,l7 1,037,298 = 1,571,204 1,324,148 699,775 330,178 286,678 e50.815.982 Bank Capital Nat. Bk. Commerce, Seattle..................$2.500,000 Central Nat. Bk. of Com., Seattle..... 200,000 Wash. Nat. Bk. of Com., Seattle........ nN Capital Nat. Bank, Olympia. ........... Grays Harbor Nat. Bk. Aberdeen. Ist Nat. Bank, Mt. Vernon... Montesano State Bank . Bank of Elma .... La Conner State B:r ....... ist Nat. Bk. Cosmopolis _. TOTALS ....... _s2.395000 $2.306,893 241 .809.97 4 MUNICIPAL RESERVE AND BOND COMPANY GENERAL OFFICE: 610 American Bank Bldg., Portland, Ore. HISTORY: Organized in 1923 for primary purpose of assisting in the financing ot iinicipaliiies, counties and school districts, through sinking fund reserve onds. BUSINESS: Government, Municipal, Industrial, Corporation and Public Utility onds. OFFICERS: W. A. Tyler, Pres.; Geo. W. Davidson, Ex. Vice-Pres.; & Sec.; M. J. Woodworth, Treas. & Asst. Secy. DIRECTORS: W. A. Tyler, Geo. W. Davidson, H. A. Matheson, Harry Taylor, M. J. Woodworth, all of Portland, Ore. GENERAL COUNSEL: F. S. Sever & J. B. Handley, Portland, Ore. GENERAL AUDITOR: W. L. Coleman, Portland, Ore. Fiscal Year Ends: Dec. 31st. Annual Meeting: Jan. 15th. CAPITALIZATION, As of Dec. 31 Par Value Authorized Outstanding £100 $225,000 $ 69,5600 meenaen ar 6,000 Shs. 3,021 Shs. inne +100 $175.000 $100,000 CONDENSED STATEMENT, As of Dee. 31, 1929 ASSETS LIABILITIES Gash, Warrants, BEtCeweeecennn.$ 18,298 Notes Payable ..cecemereoeann® 37,689 sosounts Receivable ......—..— 3310 Unearned Discounts, Etc... 1372 First Mortgage Notes............ . *7,545 ~ P ble eeceeeereeeeaeeeeeeee 19,5663 Real Estate Contracts... 682 ontracts Paya Property Investments Mortgages Payable -...ccoooeee 331,220 Furn. & Fix. : Real Dsiete in Trost... Capital Stock .cooerercmrcseesscrncnns 323,700 Treasury Stock Jurplus and Reserves......c....... 154,493 dher Assets Total Liabilities .wweeeorereme--$867.939 Total ASSetS rt ens FOR THE POCKET - - - | Universal Bond Values, $5.50 Standard Bond Values, $6.00 Adequate Bond Values, $6.50 Monthly Bond Values , $75.00 ACME Bond Values, $35.00 . Adequate Bond Values, $18.00 Special books on Serial Bonds, Annual Interest, Etc. . THOMSON’S BUSINESS BOOK SERVICE QLeoattle Waash FOR THE DESK - - - FINANCE OF MUTUAL SYSTEM CORPORATION GENERAL OFFICE: 1200 Second Ave. Seattle, Wash. HISTORY: Organized under laws of Washington, Jan. 29, 1926, as a holding company, to own stock in and control through stock ownership, banks and finance companies. HOLDINGS: By stock-ownership, company holds controlling interest in the following: Sound Industrial Loan Co., Seattle, Wn. Oregon Dank & Trust Co. Klamath . . . alls, Ore. Equitable Housing Corp., Seattle, Wn. 4/5 0 0 Building Co., Klamath Falls, Tower Savings Bank, Seattle, Wn. Ore. OFFICERS: N. E. Berry, Pres.; Guy G. Navarre, Vice-Pres., Neita H. McGrath, Secy.; H. E. Howell, Treas. all of Seattle, Wash. TRUSTEES: Frank E. Burns, L. V. Westerman, J. M. Wilwerding, E. L. Skeel, H. E. Seaborn, N. E. Berry, Thad Sweek, U. M. Dickey, E .H. Hatch, M. J. McCann, all of Seattle, Wash. CAPITALIZATION, As of Dec. 31, 1929 ~ Value Authorized *?5 32,000 Shs. Lh 8,000 Shs. 3 Par 150.000 Shs. Outstanding 32,000 Shs. 8,000 Shs. 120,000 Shs. 1. 6% 1st Pref. Cum. StocKk............ 2. 6% 2nd Pref. Cum. Stock............ 3. Common Stock te. G%FIRST PREFERRED CUMULATIVE STOCK. Provisions: Has preference as to 69% passed on either 1st or 2nd preferred, cumulative dividends and full par when respective preferred shares vote value, plus accrued cumulative divi- until delinquent dividends are paid. dends in event of dissolution. Dividends: 69% per annum paid quar-Callable: At par and accrued divi- terly Feb. May, Aug., Nov. 1st. dends after Jan. 1, 1931, on 60 days’ Public Offering by: Calumet Investswritten notice. ment Co., Seattle, Wash, Oct., 1929. Voting Power: Non-voting except in Price: $35 per unit. 1 sh. 1st pref. and tase any regular quarterly dividend is 1 sh. common. 3. COMMON STOCK. Provisions: Non-assessable. Full unless preferred dividends become de-_ : : . Sand linquent. participation in all profits and divi- Dividends: 25c¢ per share paid quardends after preferred stock receives 6% terly from May 1 to Dec. ln 1928, a n . ft which time stock was split 4 for 1 an cumulative dividends. dividends of 10c¢ per share paid quarter-Voting Power: Full voting power ly Feb. 1. 1929. to date STATEMI'NT MUTUAL SYSTEM CORP. Dec. 31, 1929 “SOURLC LIABILITIES “ash and Excnange Discounts _. Receivables .. Stocks Owned . Yther Resource 199,816 Total Liabilities ........ STATEMENT. S"TUND INDUSTRIAL LOAN CO. Dee. 31. IP RESOURC LIABILITIW Cash and Exchange................... 39,819 Capital Stock ....... REE U. S. Govt. & Other Bonds... 100,382 Surplus, undiv. Prof. & Res... Loans and Discounts.............. ,930,295 Dividend Reserve eens & Fix 76 Bills Payable sven us urn. sesemsnnnsen : Savings Certificates ..... ....... Nther Resources .............. 53.295 8% SAVINES cooiieiieeeeeeeaeiaaanannn Total Resources .....___ ..$2.135.520 Total Liabilities 3 Total Resources "9916 271,580 133,023 12,639 294,508 720,359 702.409 2 125 59° NATIONAL DISCOUNT CORPORATION GENERAL OFFICE: Dexter Horton Bldg., Seattle, Wash. HISTORY: Incorporated under laws of Washington in 1928. BUSINESS: Company deals in conditional sales contracts and manufacturers’ paper in a wholesale way, acting as a rediscount agent for finance companies SUBSIDIARY: Federal Discount Corporation, Vancouver, B. C. OFFICERS: R. Douglas Ball, Pres. and Gen. Mgr.; Reginald H. Parsons, Vice Pres.; Charles E. Horton, Treas.; P. H. Watt, Sec'y. TRUSTEES: Victor H. Elfendahl, Berman Schoenfeld, Gaylord Adams, C. C. Carpenter, John A. Porter, J. H. Ballinger, W. B. Stephens. Frank Cooper. S J Chadwick. WW, T. Dehne. C. P. Jenks THOMSON'S MANUAL CAPITALIZATION: Par Value Authorized Outstanding l. 7% Cum. Preferred Stock................ $10 250,000 shs 18,815 shs 2. Common Stock . ewee-NO Par 250,000 shs 45,198 shs 1. 7% CUMULATIVE PREFERRED STOCK Callable: On any dividend date at annually Jan. and July 1, since Jan. 1, 5% premium. Redemption by lot pro- 1929. vided for through sinking fund of 10% Legal Opinion by: Stephen J. Chadof net profits after required 7% divi- wick, Seattle, Wash. dend has been paid on Preferred stock. Publie Offering by: Lowrie & Co, Voting Power: None. in 1928, in units of two shares of Pre-Tax Status: Dividends exempt from ferred and one share of Common at $30 29% normal Federal income tax. per unit. Dividends: 7% per annum, paid semi- Number of Stockholders: 400. COMPARATIVE INCOME STATEMENT. Year Ending May 31, 1939 Gross Revenue ........... ieeeenn$110,199 Operating Expense .............. ... 37,423 Net Earnings cooooeeeeeecoeeeoceeeeeeeeeaeeeen. eed 72,776 Taxes, Depreciation, Bad Accounts. etc. .......... re eeemeeeeeeeen 19,086 Net Income .......cccerccrvmssnnns ot veeeeeeeee § B3,190 Preferred Dividends ........ eeeeeen 13,165 Surplus for the year ..nnn. A. ....$ 40,025 BALANCE SHEET, As of May 31, 1930 ASSETS LIABILITIES Notes & Accts. Payable................$160,132 Deferred Income ........eco-ceeeeeeeeee 31,461 Preferred Stock .oocoeeeeeiieiieceeeeeee.... 188,150 Yommon Stock eoeoooeeeeeeeeeee.. 451,980 Reserve for Pfd. Dividends........ 5,485 nrolus vereeemnan 45,049 TOTAL LIABILITIES ..............8882.257 CASH eeeeeeeeeeeeeeeeeeeeeeeeemmeemenmeennne $21,950 Notes & Accts. Receivable........... 772 70 Investments ..ooceeeceoomeazmmmenene 0 Mis. Assets & Deferred Chars Furn. and Fixtures.......... Organization Expense ........... TOTAL ASSETS $882.27 NORTHWEST BANCORPORATION GENERAL OFFICE: Minneapolis, Minn. HISTORY: Organized under laws of Minnesota Jan. 8, 1929, to engage in Group Banking. BUSINESS: Holding company for banks, trust companies and investment companies. During 1929 control was acquired, directly, of 75 institutions and indirectly, through acquisition of the Union Investment Company, of 31 more, making total of 106, located in 8 states as follows: Minnesota 54, North Dakota 10, South Dakota 11, Iowa 4, Montana 9, Nebraska 8, Washington 3, Wisconsin 7. Following institutions controlled in Montana and Washington: Daly Bank & Trust Co., Anaconda, Mont. Northwestern Nat. Bank. Lewistown, First Nat. Bank, Dillon, Mont. Mont. Great Falls Nat. Bank, Great Falls, First State Bank, Malta, Mont. Mont. Bank of Miles City, Mont. Jontinental Nat. Bank. Harlowtown, Security Nat. Bank, Cheney, Wash. Mont. Spokane & Eastern Trust Co., Spokane; Hill County State Bank, Havre, Mont. ‘Wash. Union Bank & Trust Co., Helena, Mont. Spokane & Eastern Co., Spokane. Wash. NOTE: See banking section for statements of these banks. MANAGEMENT: E. W. Decker, Pres. and Chairman Ex. Com.; J. C. Thomson, Vice-Pres. & Gen. Mgr.; R. E. Macgregor, Vice-Pres. & Treas.; H. D. Thrall, Vice-Pres. & Asst. Treas.: Alex. Highland, Vice-Pres. & Asst. Gen. Mgr.; E. J. Weiser, Vice-Pres.; Theodore Wold, Vice-Pres.; Hanford MacNider, Vice-Pres.; David Williams, Vice-Pres.: Isaac S. Moore, Vice-Pres.; Clyde E. Brenton, Vice-Pres.; Gardner B. Berry, Vice-Pres.; R. O. Kaufman, Vice-Pres.; D. R. West, Secy.; Hd. Hallenberg, Chief Examiner; W. E. Brockman, Director Advertising & Pubicity; Robt. F. Mactavish, Asst. Treas.; Wm: N. Johnson, Asst. Secy.; Grant Ww. Anderson, Asst. Secy.: Willis D. Wyard, Asst. Secy.; J. W. Groves, Asst. Secy.; John Jalong, Asst. Secv.: W. Gordon Hegardt. Asst. Seev.: Michael E. Ryan. fombtroller. COMMON STOCK .__..... CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Qutstanding eR) 60.000.000 Shs. 1.606.993 Shs. DIVIDENDS: In 1929, $1.80 per share per annum, paid quarterly. NUMBER OF STOCKHOLDERS: 11,469 (of which 250 reside in Montana and 260 in Washington). PRICE RANGE: 1929—High, 99: Low, 53. J 7 BALANCE SHEET, As of Dec. 31, 1929 RESOURCES LIABILITIES Com. Paper, Call Loans Cash wocnvommmens Notes Receivable ..... Bonds eee Accts. Receivable ........ Stocks of Aff. Companies. Total Assets .. Capital _.............. . ......$80,349,650 Surplus .._..... . __ ceeeeee 11,891,941 Reserve for Contingencies...... 500,000 Reserve for Dividends........... 715,976 s3duil,uu Total Liabilities _..... _. COMBINED STATEMENT OF GROUP BANKS, As of Dec. 31, 1929 RESOURCES JABILITIES Loans and Discounts. ....$228,617,909 Jverdrafts ....oceeeeeee.t eee 120,948 U. S. Govt. Securities.............. 41,148,763 Jther Bonds .oocoeoieieeeaeeiee oo... 65,990,955 Customers Acceptances ........ 4,979,880 Real Estate & Fixtures.......... 10,746,405 Reserve with Fed. Reserve... 19,732,223 Cash & Due from Banks... 72,794,289 Redemption Fund ................. 285,700 Dther Assets .....ccoiiieeieeeneeneeae. 2,054,897 6,471,969 93,457,567 23,477,000 "2,970,000 1,178,830 631,074 , 722,760 ,690,374 »,716,891 0,731,167 28,436 764,475 ,579,880 1,981,081 "1,969 GROUP RESOURCE Resources of Banks & Trust Companies ......... renee $446,471,969 Res. Investment Companies 10,677,901 Res. N.W. Bancorporation— exclusive stocks in mem ber banks .... Total Liabilities .... GROUP EARNINGS Interest Received .. Other Earnings . Gross Earnings . interest Paid ..... Net Before Expens: Expenses & Taxes.. Total Group Resources.....$468.777,262 *Net Operating Earning *Equal to $4.50 per share on common stock. NORTHWESTERN INVESTMENT & HOLDING CORPORATION. LTD. GENERAL OFFICE: 418 Howe St., Vancouver, B. C. HISTORY: Organized under laws of British Columbia in June’ 1930. by Pemberton & Son. Litd.,, Vancouver. BUSINESS: An investment and holding corporation with broad powers, including right to buy, hold, sell and deal in all classes of securities, to acquire minority and controlling interests in financial or other undertakings, to participate in underwritings and svndicates and other financial undertakings at the discretion of the management. MANAGEMENT: Pemberton & Son, Vancouver, B. C., by contract under which total expense of operations and management will not at any time exceed 1% of 1% of paid-in capital and surplus. DIRECTORS: Stanley Burke, J. C. McPherson, R. L.. Morrow, L. P. Smith. CAPITALIZATION, As of July 1, 1930 Par Value Authorized Outstanding 1. 6% Preference Shares... $100 $2,000,000 $850,000 2. Class A Common Shares...................5 Par 200,000 shs eeocmennnan 3. Class B Common Shares... ....... No Par 50.000 shs 15 000 shs 1. 6% CONVERTIBLE PREFERENCE SHARES, SERIES A Provisions: Preferred as to dividends into Class A Common at rate of 4 Class and as to assets in case of voluntary A for each preference share. liquidation up to $110 per share, and in Tax Status: Free from Provincial ininvaluntory liquidation up to $100 per come tax. share, . Dividends: 69% per annum payable Warrants: Each share of Series A quarterly Feb., May, Aug. and Nov. 1. carries non-detachable warrant entitling holder to purchase, up to Jan. Transfer Agent and Registrar: Lon-1, 1938, two shares of Class A shares lon & Western Trust Co.. Ltd. Vanat $20 per share. couver, B. C. Callable: As a whole or in part on Legal Opinion by: Walsh, Bull, Hous-60) days’ notice at $110 per share plus ser, Tupper & Molson, Vancouver, B.C. accrued and unpaid dividend. Public Offering by: Pemberton & Convertible: Prior to Jan. 1. 1938 Son. Vancouver. Ltd.. June. 19320 at 99 THOMSON'S MANUAL 2. CLASS A COMMON SHARES Provisions: Entitled to preferential over Class B shares in an amount equal cumulative dividends of $1.50 per share to total amount paid in to the comper annum. Also participates in any pany for Class A shares. After Class additional dividends to the extent that B receives amount equal to that paid additional dividend on Class A shall in for Class B stock, further distribuequal 50% of aggregate paid on Class tion to be 1-3 to Class A and 2-3 to B. In liquidation, entitled to priority “lass B. 3. CLASS B COMMON SHARES Ownership: Pemberton & Son, Van- §150,000. couver, Ltd., purchased entire issued Voting Power: Sole voting power Mass B Common at $10 per share, total lies with Common shares. OLD NATIONAL CORPORATION GENERAL OFFICE: Old National Bank Bldg. Spokane, Wash. HISTORY: Incorporated in Washington Aug. 31, 1929, for the purpose of acquiring controlling interest in and of directing operations of banks and other financial corporations, through exchange of shares or stock purchase. Name of Bank Date Estab. 71d National Bank & Union Trust Co., Spokane... ........ 391 First National Trust & Savings Bank, Spokane... 207 First National Bank of Coeur d'Alene, Idaho... 2§ State Bank of Connell, Wash. .............. eeenernaameneeneae (4 Creston State Bank, Creston, Wash. __. emreeneene 0G Bank of EAwall, Wash. .ceeaioeeeeeeomeeceececceececaecncnnnenns O28 First National Bank of Grandview, Wash. ...ccooooiiiiiiniicccccvecneee. 29 The Union Bank of Granger, Wash. .. wrnmeamennsbitvinibibminiiiny OD Harrington State Bank (Wash.) ................ meeemmrmrneneeeeeee 04 [daho Trust Company of Lewiston, Idaho...........cccoeeeeeeee. 07 Lewiston National Bank (Idaho) ol ieeeeerireeeaceeeeenee First National Bank of Medical Lake, Wash. ._.......... ee First National Bank of Moscow, Idaho. iin eee First National Bank of Odessa, Wash. ime eeeees Security National Bank of Palouse, Wash. imines Prosser State Bank (Wash.) en. eens First National Bank of Ritzville, Wash. mia a State Bank of Spangle, Wash. ..... eemmemmmemannnan Bank of Spirit Lake, Wash. ciate eee First National Bank of Sprague, Wash. .imiieeeeenee Sunnyside National Bank (Wash.) _............. I First State Bank of Washtucna, Wash, ....... J Resources $27,491,051 5.373,877 753,157 313,083 223,566 184,928 385,189 99,620 334,483 729,281 2,243,068 289,062 1,042,409 533,007 709,932 577,308 917,183 210,983 232,134 596,874 513,043 308.491 $44,061,729 EXECUTIVE COMMITTEE: Thomas J. Humbird, Pres. Humbird Lumber Co.; James P. McGoldrick, Pres. McGoldrick Lumber Co.; A. W. Witherspoon, Wakefield & Witherspoon; William D. Vincent, Pres. Old National Bank & Union Trust Co.; Daniel W. Twohy, Chairman, Old National Bank & Union Trust Co. OFFICERS: W. J. C. Wakefield, Chairman; Daniel W. Twohy, Pres.; Albert I. Reid, Vice Pres. & Secy.; Joseph W. Bradley. Vice Pres.; Orrin K. Moody. Treas.; Frank M. Graff, Asst. Secy. BOARD OF TRUSTEES: E. W. Anderson, Pres. Vermont Loan & Trust Co.; John D. Ankeny, Pres. First National Bank, Walla Walla; Percy P. Brittan, Investments; Austin Corbin, 2d, Pres. Corbin Collieries, Ltd.; Louis M. Davenport, Pres. Davenport Hotel Co.; Stanly A. Easton, Vice Pres. & Gen. Mgr. Bunker Hill & Sullivan Mining & Concentrating Co., Kellogg, Idaho; W. 8. Gilbert, Hamblen & Gilbert: Charles A. Gonser, Sup. of Hutton Settlement; John E. Greenough, Greenough Investment Co.; A. W. Lindsay, Chairman First National Trust & Savings Bank: James F. McCarthy, Pres. Hecla Mining Co., Wallace, Idaho; Frank T. McCollough, Pres. Crystal Laundry Co.; James P. McGoldrick, Pres. McGoldrick Lumber Co.; Orrin K. Moody, Vice Pres. Old National Bank & Union Trust Co.; James L. Paine, Pres. Spokane Dry Goods Co.; Howard Paulsen, Estate of August Paulsen: Daniel W. Twohy, Chairman Old National Bank & Union Trust Co.; Sig. Hofslund, Gen. Mgr. Blackwell Lumber Co. Coeur d Alene, Idaho; Thomas J. Humbird, Pres. Humbird Lumber Co., Sandpoint, Idaho; G. F. Jewett, Gen. Mgr. Rutledge Timber Co., Coeur d'Alene, Idaho; William J. Kommers, Vice Pres. Old National Bank & Union Trust Co.; A. W. Laird, Gen. Mgr. Potlatch Lumber Co.; Potlatch, Idaho; A. E. Larson, Investments, Yakima; Lewis P. Larsen, Pres. Pend O'Reille Mines & Metals Co.; Edmund P. Twohy, Attorney; William D. Vincent, Pres. Old National Bank & Union Trust Co.; Hugh Waddell, Pres. First National Bank of Colville; W. J. C. Wakefield, Attorney and Counselor; J. P. Weyerhaeuser, Jr., Vice Pres. Clearwater Timber Co., Lewiston, Idaho; D. J. Winton, Winton Lumber Co.; A. W. Witherspoon, Wakefield & Witherspoon; Thomas F. Wren, Pres. Wren & Greenough Land Co. Fiscal Year Ends: Dec. 231. Annual Meeting: 3rd Tues. in Jan. CAPITALIZATION ’ar Value Authorized No Par 450,000 shs No Par 20.000 shs I. Class “A” Stock... >» Class SR” Stock... Outstanding 300,000 shs =0 000 sh s FINANCE 299 i. CLASS “A” STOCK Provisions: Class A and B shares Transfer Agent: Old Nat. Bank & are on a basis of equality, so far as Union Trust Co. Spokane. concerns earnings and assets, except Registrar: First Nat. Trust and Sav. in case of sale of all of assets of cor- Bank, Spokane. poration, Class A has preference over Public Offering: By Old Nat. Bank Class B to extent of $2.00 per share. & Union Trust Co., Ferris & Hardgrove Voting Power: Non-voting. and Murphy, Favre & Co., Spokane, Oct. Dividends: Initial dividend of 25 1929, at $20. rents per share paid Jan. 1, 1930. Number of Stockholders: 1,447. 2. CLASS “B” STOCK Ownership: Class B shares owned Voting Power: Full voting power by stockholders of Old Nat. Bank & one vote per share. Co _ Union Trust Co. Acquired in exchange Dividends: Initial dividend of 35 for shares of Old Nat. Bank & Union CeDts per share paid Jan. 1, 1930. Trust C d for 10 to be held i Transfer Agent: Old Nat. Bank & rust Co. and for years to be held In {pion Trust Co. Spokane. trust by committee consisting of 5 di- Registrar: First Nat. Trust & Savrectors of Old Nat. Bank & Union Trust ings Bank, Spokane. Co. Number of Stockholders: 127. As of Dee. 31, 1929 LIABILITIES Capital Stock Paid In................$5,530,308 I'ndivided Profits 7,792 BALANCE SHEET, ASSET Investment in Bank Stocks....$ [.oans and Discount Furn. & Equip. Supplies coool Organization Expen. Cash in Bank... TOTAL ASSETS TOTAL LIABILITIES ............$5.538,100 . to COMBINED § 7° "TE SYSTEM BANKS March 27, 193¢ RESOURCES LIARILITIE Cash & Due from PBanks.......q Bonds & Securities... ......... Com. Paper & Call Mon Loans ....... Overdrafts .... Bank House, Other Real 1. Bonds to secure _ircual 5% Fund, U. S. Treas. .... TOTAL RESOURCES ..........%342.373.728 Capital .... Surplus .... Undivided Reserves . Circulation Deposits ......... Bills Payable Rediscounts ............ TOTAL LIABILITIES ........342.373.72%§ 2.840,000 606,000 488,085 266,189 067,960 924,845 5.000 175,649 PACIFIC COAST JOINT STOCK LAND BANK OF PORTLAND ADDRESS: 209-212 Lewis Bldg. Portland, Ore. HISTORY: Chartered May 29, 1922, under Federal Farm Loan Act Correspondents. First National Bank of Portland, Ore. OFFICERS: C. F. Adams, Pres.; E. B. MacNaughton, Vice-Pres.; J. E. Montgomery, Vice-Pres. & Mgr.; A. IL. Mills. Jr.,, Vice-Pres.; F. F. Dickson, Secy.; Edw. H. Geary, Treas. DIRECTORS: C. F. Adams, H. L. Corbett, F. F. Dickson, Edw. H. Geary, E. B. MacNaughton, Rogers MacVeagh, A. L. Mills, Jr., J. E. Montgomery, Joseph Simon. CAPITAL: Authorized and Outstanding, $450,000; Par Value: $100. DIVIDENDS: 1922, 3%; 1923, 6%; 1924. 6% 9%: 1925. 7%: 1926. T%%: 1927 to 1929, Incl., 0. Number of Stockholders: 83. Stock Listed: Portland Stock and Bond Exchange INCOME ACCOUNT, Years "mAing 0) ©) Gross Earnings ..ocoooooooieeioaeeee Expenses, Taxes, EtC..iiiioainianann.. Net Profits ... Dividends Paid Surplus Earned for Vr - Shares Qutstanding ................ Earned per Share of Stock. GROWTH-1923 ell 1926 een. 1929 Capital 250,000 400,000 450 000 Surplus $25,000 35,000 15 000 ,-00 18.04 nn) In... Profi y 3.08 19,146 28 584 3 00 _8.97 eserve $} 8,300 55,000 97 500 $00 THOMSON'S MANU *_. COMPARATIVE BALANCE SHEET, As of Dec. 31 ASSETS— Net Mortgage Loans. ..iiiiicceceeneen U. 8. Govt. Securities...... Interest ACCTUEA ......cccoisiimmsessivssvissasssssssnnsens Cash cc... ee mmemmemmammemmemaamnn Accounts Receivable Notes Receivable, Eten. [Installments Matured ........... Real Estate .. 1929 $7,455,391 80,000 80,862 67,988 20,151 1928 $7,477,363 50,000 20,760 1927 $7,286,999 50,000 80,103 72,681 22,772 3,295 10,000 37 595 850 u TOTAL ASSETS .......... LIABILITIES— Farm Loan Bonds... Bond Interest Accrued... iin Accounts PAYaDIe .....ccmmissmssssssmsesmmssmssy Amortization Install, Paid in Adv............... . farm Loan Coupons... Dividends Declared ... ..cocscosimmmmmsesssssrrn Deferred Income oom. Capital Stock Paid In.......ooccooiiiicaanann. Surplus Paid INecoeooeeeeeeeeeaeees Surplus Earned ...... —— Reserve (Legal) ..... "Tndivided Profits ____ 7.811.¢ q cp—— r 56,925,000 © 125 “17 24 50 26,925 000 “5 $6,725,000 ‘43,124 2,407 14,408 3,675 .8,000 18,000 50,000 45,000 20,000 80,000 5,867 7.525,850 5111.10 8 . 00 9.000 602 .,000 =~ 000 50,000 12,500 2 19 “9 50 £00 oC TOTAL LIABILITIES ieee. 00k Value Shares... PACIFIC NATIONAL COMPANY GENERAL OFFICE: Second Ave. & Madison St., Seattle, Wash. HISTORY: Incorporated under laws of State of Washington, 1928. Affiliated with Pacific National Bank of Seattle. BYSINISS: Investment bankers and security dealers. Originators and underwriters. DFFICERS: Dietrich Schmitz, Pres.; Robert S. Walker, Vice Pres.; Walter A. Heath, Sec. and Treas.; Erwin Morehead, Asst. Treas.; William Calvert, Chairman nf Board. DIRECTORS: . Seorge H. Greenwood joseph C. Black Pres. The Pacific National Bank Pres. Black Mfg. Co. W. H. McGrath I. H. Bloedel Vice Pres. Puget Sound Power & Pres. Bloedel-Donovan Lumber Mills Light Co. ~ WV. E. Boeing H, F. Ostrander Pres. Boeing Airplane Co. Pres. Pioneer Sand & Gravel Co. William Calvert Dietrich Schmitz : Pres. San Juan Fish Co. Pres. Pacific National Co. ?. A. Davies Tlmer E. Todd Capitalist Attorney l. H. Fox Moritz Thomsen Pres. Commercial Boiler Works ~~ Pres. Centennial Mill Co. Raymond R. Frazier Robert S. Walker Pres. Wash. Mutual Savings Bank Vice Pres. Pacific National Bank GENERAL COUNSEL: Todd, Holman & Sprague, Seattle, Wash. Fiscal Year Ends: Dec. 31. Annual Meeting: Last Thurs. in Dec. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding eames £24.00 25,000 shs $600,000 650.000 Capital Stock Paid In Surplus Total Capitalization oo, INCOME ST 7 "RENT Year Ending Dec. 31. 1929 Net Profit ............ Dividends Paid ...-.. Gross Business ... Gross Profit ............... Operating Expense ............_. Profit before Dep. Taxes........ Depreciation & Taxes... 525,910 112,500 413,410 25,000 $21.04 Surplus for year. .......... Shares Outstanding ................ Earned per share... cimean. Tp) 1 ANCL as PACIFIC STATES SECURITIES CORPORATION GENERAL OFFICE: 108 So. 9th St.,, Tacoma, Wash. HISTORY: Incorporated under laws of Washington, Oct., 1920 BUSINESS: Discounting installment sales contracts. OFFICERS: Earl C. Heinly, Pres.; W. G. Heinly, Vice Pres.; E. B. Peterson, Sec.; L. G. Raynor, Treas. DIRECTORS: Earl C. Heinly, W. G. Heinly and E. B. Peterson, Tacoma, Wash.; L. G. Raynor, Seattle, Wash.; A. R. Johnson, Walla Walla, Wash. DEPOSITORY: National Bank of Tacoma. GENERAL COUNSEL: W. G. Heinly, Tacoma, Wash. GENERAL AUDITORS: J. J. Dougherty, Tacoma, Wash. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Tues. in Jan. CAPITALIZATION Cer Value Authorized 100 $500,000 $10 £150,000 i. 8% PrIrrI'.’ERRED SHARES Provisions: Preferred as to $100 per ment of two successive semi-annual share in event of liquidation, and as to dividends, otherwise no vote. 2 viaands. Fully paid and non-assess- Dividends: 8% per annum paid semi-: . , Eoeyt annually Jan. and July 1, on all stock Mt a any dividend i standing since company organized. Voting Power: In case of non-pay- Number of Stockholders: 950. 2. COMMON STOCK Voting Power: Full voting power Dividends: 80c per share, per anwith common shares except in event o : i semi-annual dividends are passed on hum, paid semi annually to Dec. 31 preferred stock 1927. None since. "NANCIAL STATEMENT, As of May 31, 1929 ry LIABILITIE~ Accounts Payable Notes Payable .. Subscription Installm:ac. Dividends Payable, Preferred... [Income Tax ............ --Serial Notes Payable... [(nterest on Serial Notes....... ’referred Stock . Common Stock ....... ‘nearned Discount Donated Surplus _.. individed Profits .... TOTAL LIABRILITIE 643 29,000 699 874 1,898 3,600 1,609 86,900 29,460 "0,613 14,254 23.459 ceeenn.$3508.913 PORTLAND INDUSTRIES FINANCING SERVICH GENERAL OFFICE: Pacific Building, Portland, Ore. HISTORY: Incorporated under the laws of Oregon, Oct. 1, 1925. Original organization sponsored by Industries Committee of Portland Chamber of Commerce. Company has been operating since 1926 as a strictly private corporation. BUSINESS: Advancing funds to manufacturing enterprises located in Portland or vicinity, either in the form of secured or unsecured loans or purchase of preferred stock with occasional purchase of common stock. OFFICERS: J. C. Ainsworth, Pres.; L. T. Merwin, Vice Pres.: Lyman Griswold. Vice Pres.; Arthur A. Goldsmith, Sec.-Treas., all of Portland, Ore. DIRECTORS: J. C. Ainsworth, Henry F. Cabell, W. S. Babson, Roy T. Bishop, Franklin T. Griffith, John Parker, Lybrand Griswold, Joseph Gerber, Max 8S. Hirsch, Wm. Ross, Aaron Holtz, Frederick H. Strong, Harry C. Kendall, Nathan Strauss, F. N. Martin, Raymond Wilcox, L. T. Merwin, S. R. Winch, Lee Schlessinger, Wm. F. Woodward, all of Portland, Ore. GENERAL COUNSEL: Arthur A. Goldsmith, Pacific Bldg., Portland, Ore. GENERAL AUDITORS: Lybrand, Ross Bros. & Montgomery, Portland, Ore. Fiscal Year Fnds: Dec. 31. Annual Meeting: 2nd Mon. in Jan CAPITALIZATION Par Value Authorize. Common Stock rere creeeneeemeenneeeeeeneeneneee $10.00 350.000 she Common Stock paid for but not issued... _ Provisions: Usual statutory provisions. Full voting power and entitled to full earnings. Dividends: None vet declared. Cash ........ ceeeeeeew 1,020 Accounts Receival + ._.. ............ 253 Notes Receivable & nv. ............ 362,424 Furniture and Fixtures................ 995 Subscriptions for Com. St........... 95,220 Bonus Stock ... eee. 49.000 Outstanding $35,570 . 88.095 Offered: Under sponsorship of Industries Committee of Portland Chamber of Commerce, Oct., 1925 at par. Number of Stockholders. About 100. THOMSON'S MANUAL COMPARATIVE BALANCE SHEET, As of Dec. 31 ASSETS— 1929 1928 BABI oonommmmommaggm es ormmmpmmmibmeshos SHE SS SIS SER ROR aT ee 239 $3 5,059 Marketable Securities ....occcccccecomecmrmsciencciiveceneeee 14,698 23,670 Investments and Loans... Le 2,225 62,” OF [nterest Receivable ..... .. cccaowamssecmmremmomm 1,091 Stock Subscriptions ......... numvmmniinmminiiniasniioy a8. 50 Organization Expense, Etc.......... amaamemcann 502 a 81592 525 TOTAL ASSETS eee eee LIABILITIES— Notes and Accounts Payable......__.. Fed. and State Taxes.......... Capital Stock .... Surplus .... TOTAL LIABILITIES eoeeeeeeeaemaoeeaessassnasd ron 905 06 152 oe $150,111 1927 $11,593 72,975 “1333 $85.900 10 "85,890 285 900 PACIFIC BANCORPORATION GENERAL OFFICE: American Bank Bldg. Portland, Ore. HISTORY: Incorporated under laws of Oregon, July 17, 1928. BUSINESS: Controls nine banks in the State of Oregon. Fiseal Year Ends: Dec. 31. Annual Meeting: 3rd Tues. in Jan. MANAGEMENT: Julius L. Meier, Chairman; G. S. Hensdale, Pres.; Walter C. Smith, Vice Pres.; Geo. W. Joseph, Secy.; John E. Ross, Treas.; W. L. Thompson, A. J. Bingham, Fred Krusow, Thomas R. Hamer, T. P. Risteigen. CONSOLIDATED RESOURCES ,As of Dee. 31, 1929 Surplus and Capital Undiv. Profits Deposits Total Resources Am. Nat. Bank = Portland, Ore.............$400,000 92,072 $ 6,103,821 $ 7,019,862 U. S. National Bank . Eugene, Ore. .............. 100,000 2° 1,127,933 1,286,690 Bugene Loan & Savings Bank Eugene, Ore. ........... 50,000 1,003,378 1,087,309 Nat. Bank of Commerce Astoria, Ore. .............. 100,000 1,129,452 1,317,845 First National Bank Gardiner, Ore. ............ 25,000 322,502 370,730 Bank Myrtle Point, Ore.. 25,000 308,087 345,041 Farmers & Merchants Bank Coquille, Ore. ............ 25,000 292,172 324,073 First National Bank Silverton, Ore. ........ 35,000 523,505 611,108 ‘American Bank Marshfield, Ore. ....... 50,000 281,676 356,650 TOTAL eeeeeeemaaneennna2--$810.000 $11,098.526 $12.719.308 As of Mar. 27, 1930. PEOPLES CORPORATION GENERAL OFFICE: 200 Pike Street, Seattle, Wash. BRANCH OFFICE: First at Columbia, Seattle, Wash. HISTORY: Incorporated under the laws of Delaware, Sept, 1929. BUSINESS: Controlling Peoples group of banks. SUBSIDIARIES: Peoples Bank and Trust Co. Peoples First Avenue Bank, Peoples Securities Co., all of Seattle, Wash.; First National Bank of Renton, Wash. OFFICERS: Laurence J. Colman, Chairman; Joshua Green, Pres.; Albert Bryger, Vice Pres.; Raymond C. Davis, Vice Pres.; Caspar W. Clarke, Treas.; Walter H. Tuesley, Secy.; C. L. Yost, Asst. Treas.; Vincent S. Hart, Asst. Secy. DIRECTORS: Joshua Green, Chairman; Laurence J. Colman, Albert Brygger, Jesse C. Bowles, John E. Burkheimer, George R. Cary, Caspar W. Clarke, Kenneth B. Colman, C. L. Dixon, Nathan Eckstein, Ben B. Ehrlichman, Edw. I. Garrett, Hugh C. Gruwell, F. L. Cooper, A. F. Haines, Charles E. Hickman, Philip D. Macbride, W. B. McCord, Vincent D. Miller, F. K. Struve, Walter H. Tuesley. General Counsel: Kerr, McCord & Joy, Hoge Bldg. Seattle, Wash. General Auditors: McConahey & Karner, Seattle, Wash. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in Jan CAPITALIZATION, As of Mar. 31, 1930 Par Value Authorized Cries ND Par 40.000 shs Outstanding 235.571 shs Common Stock oon... FINANCE 303 Dividends: $4.00 per annum paid Ivey, Seattle, Wash. quarterly, Jan., Apr., July, Oct. 1. Number of Stockholders: Approxi-Transfer Agent: Peoples Bank & mately 175. Trust Co. Listed on: Traded in on Seattle Curb Registrar: Peoples First Avenue Exchange. Sank. Price Range: 1929, High, $90: Low. Legal Opinion by: Kerr, McCord & $80 STATEMENT OF CONDITION OF BANKS OWNED, As of March 27, 1930 Peoples Bank and Peoples First First National Trust Company Avenue Bank Bank, Renton Total 1,747,563 3,645,133 1,953,211 25,900 4,223 "000 700 028 46 RESOURCES— Loans and Discounts........$ Bonds and Warrants........ UU. S. Bonds & Tr. Cert... Fed. Res. Bank Stock.... Vaults, Fur. & Fi-Bank Building ... Letters of Credit. Other Resources . Cash & Due from 9 3.905 LIABII.IT) « Capital St Surplus .. Undivided »--Reserves ............. Letters of Credit... Deposits _.. 0000 oC NE 950,000 263,000 226,521 “R425 2,700 .658,259 18 905 SPOKANE EASTERN CORPOE TI GENERAL OFFICE: Spokane, Washington. CONTROL: Northwest Bancorporation, Minneapolis. Minn., owns all but directors’ qualifying shares. HISTORY: Organized as a holding company under Washington laws in Feb., 1929, by the directors of the Spokane and Eastern Trust Co. as a method of broadening the activities of the trust. SUBSIDIARIES: Owns 98.5% of stock of the Spokane & Eastern Trust Co., and the entire capital stock (10,000 no-par shares) of the Spokane Eastern Company, latter is the investment-securities unit of the organization, taking over bond business heretofore conducted by the Spokane & Eastern Trust Co. OFFICERS: R. L. Rutter, Pres.; W. T. Triplett, Vice Pres.: Conner Malott, Vice Pres.; 8. A. Kimbrough, Vice Pres.; J. L. Campbell. Sec.-Treas.: W. L. Eggert, Asst. Sec. and Asst. Treas. DIRECTORS: Eugene B. Favre, Joel E. Ferris, John W. Graham, William G. Graves, H. H. Hebert, R. Insinger, Conner Malott, Dr. H. P. Marshall, C. D. Martin, A. F. McClaine, Jr., W. S. McCrea, W. H. Murgittroyd, E. O'Shea. Josiah Richards, R. L. Rutter, W. T. Triplett, all of Spokane, Wash. CAPITALIZATION, Ax of Dee. 31, 1929 Par Value Authorized Outstanding vee. No Par 200,000 shs 99,811 shs Legal Opinion by: Graves, Kizer & Graves. Public Offering: 20,000 shares by Spokane Eastern Co., Murphy, Favre & Co., and Ferris & Hardgrove in Feb. 1929. at £25.50. SHAREHOLDERS CORPORATION GENERAL OFFICE: 800 Second Ave. Seattle, Wash. HISTORY: Incorporated under laws of Delaware. Dec. 26. 1929 Commenced business Jan. 15, 1930. BUSINESS: General management tvpe investment trust, chartered to buy, sell or hold Common stocks and other securities dealt in on leading stock exchanges. MANAGEMENT: The investment portfolio of the Corporation managed by United National Corporation under restrictions providing that securities sold to or purchased from Corporation, directly or indirectly by manager, or affiliated or subsidiary corporations, shall be at cost to the manager, or such affiliated or subsidiary corporations, or at the market, whichever is lower; and any profit made directly or indirectly by the manager, or its affiliated or subsidiary corvorations. through such sales or purchases, shall be paid to the Corporation 04 THOMSON'S MANUAL All ordinary operating expenses defined to include salaries, rent, traveling axpenses, etc, are to be paid by the manager, who shall be entitled to receive a fee of 3 of 1% per annum of the Capital, Surplus, Reserves and Undivided Profits nf the Corporation. RESTRICTIONS: Restrictions of the Corporation provide that mot over 109% of the Capital, Surplus, Reserves and Undivided Profits may be invested in any one security. It will be the policy of the Corporation that under ordinary conditions not over 5% of the Corporation's Capital, Surplus, Reserves and Undivided Profits will be invested in any one security. It will further be the policy of the Corsoration to invest its Capital without incurring any indebtedness. The Corporation issues to its stockholders every three months the earnings statement, balance sheet, and itemized holdings of the Corporation, detailing amounts, costs, market values and segregation of earnings. OFFICERS: R. M. Drumheller, Chairman; Ben B. Ehrlichman, Pres.; R. I.. Ehrlichman, Vice Pres.; W. H. White, Vice Pres.; Odd O. Young, Vice Pres.; L. C. Barton, Sec’y-Treas.; R. F. Hewitt, Asst. Sec'y and Asst. Treas.; Roger L. Shidler, Asst. Sec’'y; F. W. Buff, Comptroller. DIRECTORS: R. M. Drumheller, B. B. Ehrlichman, W. H. White, Odd O. Young, R. I. Ehrlichman. CAPITALIZATION, As of June 30, 1930 Par Value Authorized Outstanding No Par 600.000 shs 120,000 shs Common Stock _........ DETAILS OF STOCK Provisions: Dividends may be paid only from earnings derived from interest and dividends actually received, and ‘rom proceeds of rights and stock diviends sold, until contingent reserve fund is equal to at least 14 paid-in Common stock capital. Liquidation: The consent of twothirds in interest of all stockholders having voting power is required for 1issolution. Warrants: Each share carries a warrant entitling holder to purchase before Jan. 1, 1935, one additional share >f Common stock at $10. Warrants are detachable and are :raded in on Seattle Stock Exchange. United National Corporation subscribed and paid cash for 20,000 shares of the Common stock at $10 per share net. The contract with United National Corporation provides that it receive warrants in connection with issuance of 120,000 shares initially outstanding, antitling it to purchase, on or before Jan. 1, 1935, 60,000 shares of the corporation’s Common stock at $10 per share, and further. that United Nation-21 Corporation also be entitled to receive one warrant upon the issuance ‘or value of each two shares of Comnon stock in excess of the above mencioned 120,000 shares of Common stock. This agreement effective only so long 1s United National Corporation owns a minimum of 20,000 shares of Common jtock, and is not to be effective with espect to Common stock issued on acount of the exercise of warrants. Dividends: Initial dividend of 10c a hare paid July 1, 1930. Ex-Dividend Date: 16th of prior nonth. Transfer Agent and Registrar: First Seattle Dexter Horton National Bank. Legal Opinion by: Harroun, Robinson, Maloy & Shidler, Seattle, Wash. Publie Offering by: Drumheller, Ehrjchman & White, Seattle; Murphey, Favre & Co. Spokane; United Oregon ~o., Portland, Dec., 1929, at $10. Number of Stockholders: 800. Listed on: Seattle Stock Exchange. Price Range: 1930, Jan. 1 to June 1 high. 121%: low, 81%. COMPARATIVE STATEMENT, 6 Months Ending June 30. 1930 Gross Earnings ... Expenses ....... Net BOrningEs ..o.cscssssmsssissevsomusnmvsas Provision fOr INCOME MT aX... iaecicaeeccaczmmaarmesasessmaaamasmnamresnstnasan $62,113 8.965 $53,148 4.687 48,460 12.005 $36.455 Net Income ... _— Dividends Paid oom. Surplus ee wees ere. BALANCE SHEET. June 30, 1930 AQT [.TARTLITIES TASH ceeeeeeeeeeerreneeeeseennnenas ane eeee- 3 15,637 Securities Owned, at Cost........ 1,234,610 Dividends Receivable 8,183 Accounts Receivable ee Revenue Stamps coos TOTAL ASSETS een. 831.259.262 Capital Stock ..eoeeivccceccnceeaeaea. $1,200,500 Management Fec Accrued.......... 4,125 Accrued Federal Taxes...... ... 4,688 Dividends Payable . .- 12,005 Accounts Pavable ______ | 1,489 Surplus . FE, 36.455 TOTAL LIABILITIES ..........$1.259.262 Market value $1.078.612 FINANCE 305 TITLE AND TRUST COMPANY GENERAL OFFICE: Title & Trust Bldg., Portland, Ore. HISTORY: Organized 1908. Departments: Trust, Title, Insurance, Escrows and Mortgage Loans. Members of: A. B. A. and Oregon Bankers’ Assn. Correspondents: Title Guarantee & Trust Co., New York. Fiscal Year Ends: Dec. 31. Annual Meeting: Second Thurs. in Jan. MANAGEMENT: Walter M. Daly, Pres.; Earl C. Bronaugh, Vice Pres.; Franklin T. Griffith, Vice Pres.; William O. Daly, Vice Pres.; Albert L. Grutze, Vice Pres. & Tr. Officer; Chas. R. Moulton, Sec. & Escrow Officer; Edward T. Dwyer, Asst. Sec. & Mgr. Title Dept.; R. F. Muschalik, Asst. Sec. & Cash. DIRECTORS: J. C. Ainsworth, Earl C. Bronaugh, C. C. Colt, John F. Daly, Franklin T. Griffith, James B. Kerr, Walter M. Daly. CAPITAL: Authorized and outstanding, $500,000. Par Value, $100 DIVIDENDS: 69% per annum since 1908. Payable: Jan. Apr. July, Oct. 1. Number of Stockholders: 50. STATEMENT, As of Dec. 31, 1929 LIABILIT: Capital Stock .... ..--.$500,000 Surplus & Undiv. ™--“its........ . 240,270 Reserve for Taxes. etc. . 29,044 Trusts & Escrows........._............. 136,607 ASSET Real Estate Mortgag-.. Stocks & Bonds Bills Receivabi Accounts Rece! Furn. & Fix. ... Deposits with = Title & Trust Title Plants Nash 178,352 25,486 6,476 “901 *bb4 “Co 1] .0,946 156,105 3905.921 Total Asset Total Liabilities ... %905.921 UNDERWRITERS FINANCE CORPORATION GENERAL OFFICE: Colman Bldg. Seattle, Wash. HISTORY: Incorporated under laws of Washington, April, 1926. BUSINESS: Dealers in conditional sales contracts, notes, etc. OFFICERS AND DIRECTORS: (OC. M. Seeley, Pres.; Robt. E. Dwyer. Vice Pres.: A. A. Naef, Vice Pres.; Geo. M. Crawford, Secy.-Treas. GENERAL COUNSEL: Karr & Gregory, Seattle, Wash. GENERAL AUDITORS: C. D. Pritchard, Seattle, Wash. Fiscal Year Ends: Dec. 31. Annual Meeting: Jan. 10 CAPITALIZATION “ar Value Authorized $100 $100,000 » Par 8.000 shs 1. 5 (Y MYTLATTVE PREFERRED STOCK Provisions: Preferred aos uo ulvi- Ex-Dividend Date: 31st of month dends and to assets in case of liquida- preceding paying date. tion. Transfer Agent: The Company. Callable: At 105, and accrued divi- Public Offering by: The Company dends any time after Jan. 1, 1930. at par, with one share common stock Dividends: 79% per annum paid semi- as bonus. annually. Jan. and Julv 10. Number of Stockholders: 80 2. COMMON STOCK Provisions: Has full voting power Jan. 10, 1928; $1.20 Jan. 10, 1929: $1.20 and participates fully in all profits Jan. 10, 1930 and dividends after preferred stock re- ’ ! : reives 7%. Number of Stockholders: 80. Dividends: 60 cents per share paid Price Range: 1929, bid $10.00 TOMID AD ATIVE STATEMENT »As of Dee. 31 Stoel Assets " ‘ahilities Und. Profits * 63,279 * * 9.456 146,432 - To 360,250 456.900 Dividend 1,696 5.420 12,807 20.670 10 592 FE: SALE na i: TOT BAT.ANCE SIFFFT. Dec. 21. 10° SETS {nstall. Cont. & Mort. Secured. $421,621 Stocks and Bonds.......................... 19,900 Stock Subscriptions..................__ 7,170 Furn., Fix. & Autos.................... U7 Tash een 6.832 TOTAL. ASSET eee 245.900 Notes Payable _._. 08,000 Accounts Payaile |. 2,900 Contingent Lia tie £6,307 Reserves ..........._.. . 31,016 ('ndivided Profits -- 33,137 Preferred Stock ..o.oooooooeeee. 216,400 Common Stock ooo 2.140 TOTAL LIABILITIES ea _®458.900 06 _ THOMSON'S MANUAL UNITED NATIONAL CORPORATION (For Financial Statement, See Appendix.) GENERAL OFFICE: 800 Second Ave. Seattle, Wash. BRANCH OFFICES: Spokane and Tacoma, Wash.; Portland, Ore.; New York City. HISTORY: Organized under the laws of Washington July 10, 1928, as the United Corporation. Name changed to present in May, 19289. BUSINESS: A holding company, primarily conceived to acquire controlling interest in the “United Group” of corporations developed in Seattle by the investment banking firm of Drumheller, Ehrlichman & White. Company’s charter grants broad powers, permitting acquisition of minority or majority interests in security or financial institutions, participation in underwritings, syndicates, etc. On June 30, 1930, United Founders Corp., New York, owned 10,754 shares of Common stock, approximately one-third of the control shares, and 100,000 Parlicipating Preference shares. OFFICERS R. M. Drumheller, Chairman. Ben B. Ehrlichman, Pres. Eugene B. Favre, Vice Pres. W. H. White, Vice Pres. R. I. Ehrlichman, Vice Pres. £. B. Sherwin, Vice Pres. Fr. W. Buff. Vice Pres J. J. Hess, Vice Pres. Odd O. Young, Vice Pres. R. M. Hurlbut, Sec'y. E. V. Denny, Treas. L.. C. Barton, Asst. Sec'y. & Asst. Treas. R. F. Hewitt, Asst. Sec'y TRUSTEES R. M. Drumheller, Chairman, Seattle, I.ouis H. Seagrave, Pres. American Wash. } Founders Corp., and United Foundeno Ehrlichman, Pres. Seattle, ers Corp., New York. ash. R. I. Ehrlichman, Vice Pres. Seattle Tugene B. Sayre PL Jarphy. Favre ‘Wash. S ’ & Co., Spokane, Wash. hi i B. Carlton Granbery, Harris, Forbes & LCR Me Be Wash. Co., New York. grove, Spokane, Wash. joshua Green, Chairman Peoples Bank . . & Trust Co., Seattle, Wash. Sidney J. Dicketts. Royal E. T. Riggs, Seibert & Riggs, J. C. Bowles, Pres. Northwest Envelope Attorneys, New York. Co., Seattle, Wash. Fiscal Year Ends: June 30. Annual Meeting: 2nd Tues. in July. Number of Employees: 200. HOLDINGS, As of June 30, 1930 75,000 shs (100%) Com. stock Drumheller, Ehrlichman & White, Seattle, Wash, Investment Bankers. 20,000 shs (100%) Com. stock Murphey, Favre & Co., Spokane, Wash., Investment Bankers. 800 shs (409%) Com. stock Ferris & Hardgrove. Spokane. Wash., Investment Bankers. 192.967 shs (100%) Com. stock United Pacific Bond & Share Corp. Seattle, Wash. A consolidation of three investment trusts, United Bond & Share Corp., United Pacific Corp., and United Diversified Securities Corp. Consolidation effected June, 1930. ] 2,225 Shs £7193 Com. stock United Pacific Casualty Insurance Co., Seattle, ash. 1,000 shs (100%) Com. stock United Pacific Fire Insurance Co., Seattle, Wash. 1,998 shs (83%) Com. stock United Insurance Agency, Seattle, Wash. 9,550 shs (95.5%) Com. stock United Trust Co., Seattle, Wash. 5,000 shs (100%) Com. stock United Pacific Realty & Investment Corp. Seattle, Wash., controlling Medical & Dental Bldg, Shopping Tower, Pine Street Center Bldg., Exchange Bldg. United National Bldg. in Seattle; Rhodes Medical Arts Bldg., in Tacoma; Green Block, in Spokane. Drumheller, Ehrlichman & White, Murphey, Favre & Co. and Ferris & Hardgrove each own one-third interest in the United Oregon Corp., Portland. Ore., a securitv distribution organization. Date 7-10-28 5-15-29 7-10-28 1-15-29 CAPITALIZATION, As of June 30, 1930 ~ Total Authorized 1,000,000 shs 200.000 shs Par Name of Stock Value larticipating Pref. ...No Par Participating Pref. ...No Par Common .... eeemeeee-.NO Par Common wena No Par Amount Authorized 150,000 shs 850,000 shs 30,000 shs 170 000 shs Outstanding 500,000 shs 22.261 shs Date 7-25-28 10-20-28 1-10-29 2-15-29 5-15-29 7-15-29 10-30-29 FINANCE 3507 PARTICIPATING PREFERENCE STOCK CHRONOLOGY Shares Price Basis of Offering 41,681 oe To stockholders of other corporations in United Group. 25 nce Exchanged 1% shares for each Common share of United Bond & Share Corp. and United Pacific Corp. To stockholders, 1 new share for each 2 held. : To stockholders, 3 new shares for each 10 held. Stockholders, in return for $1.50 per share, waived rights to this 150,000 shares, 75,000 of which were sold to United Founders Corp., New York, and 75,000 to the public. To stockholders, 1 new share for each 3 held. To stockholders, 1 new share for each {1 held. DETAILS OF STOCK 1. PARTICIPATING PREFERENCE STOCK Provisions: Has priority as to noncumulative dividends up to $1 per share per annum, after which Common stock is entitled to $1 per share per annum. Further dividends divided equally between both classes, share for share. In liquidation, has priority up to $25 per share, after which Common stock is entitled to $25 per share; further assets to be distributed equally, share for share, between both classes. Voting Power: Non-voting except when dividends have been earned two successive vears and not paid. Dividends: Nov. 1, 1928, initial dividend of 25c¢ per share, plus extra 15¢; Feb. 1, 1929, 35¢; Apr. 1, 1929, 40c; May 25. 1929, 60c: Aug. 31. 1929 40c* Nov. 30, 1929, 40c; Dec. 20, 1929, 25c:; Mar. 1, 1930, 40c. In May, 1930, company anaounced stockholders would have option of 6% in stock in lieu of regular cash dividend of $1.60 annually. Transfer Agent: Pacific National Bank, Seattle, and Central Hanover 3ank & Trust Co., New York. Registrar: Pacific National Dank, Seattle, and Equitable Trust Co., New York. Number of Stockholders: June 30 1930, 3,162. Listed on: Price Rane High Low .... *To June 2. COMMON STOCK Ownership: Of the original issue of 30,000 shares, 21, 482 shares were acquired by the principals of Drumheller, Ehrlichman & White. On June 30, 1930, United Founders Corp. owned 10,754 shares. Voting Power: Has sole voting power, except when dividends on Preference stock have been earned but not paid for two successive vears. Dividends: April 1, 1929, $1; May 25, 1929, 60c; Dec. 20. 1929, $1.05; Mar. 1, 1930, 40c. Transfer Agent: Pacific Nat. Bank, Seattle; Central Hanover Bank & Trust Co., New York. Registrar: Pacific Nat. Bank, Seattle: Equitable Trust Co. New Yorl. I'NITED PACIFIC BOND AND SHARE CORPORATION GENERAL OFFICE: 800 Second Ave, Seattle, Wash. CONTROL: United National Corporation owns all but directors’ qualifying shares. HISTORY: Incorporated under laws of Washington, 1930, as a consolidation of United Bond Share Corp. (Nov. 1925), United Pacific Corp. (Jan. 16, 1928), and United Diversified Securities Corp. (Jan. 13, 1927). BUSINESS: An investment trust of general management type. OFFICERS: R. M. Drumheller, Chairman; Ben B. Ehrlichman, Pres.; W. H. White, Vice Pres.; R. I. Ehrlichman, Vice Pres.; Odd O. Young, Vice Pres.; L. C. Barton, Sec’y-Treas.; R. F. Hewitt, Asst. Sec'y-Treas. TRUSTEES: R. M. Drumheller. Ben B. Erhlichman. W, H. White. R. I. Ehrlichman. Odd O. Young. CAPITALIZATION, As of June 30, 1930 Par Value Authorized $20 2900 000 shs Outstanding 192.967 shs 08 THOMSON'S MANU.an UNITED TRUST COMPANY GENERAL OFFICE: 800 Second Ave. Seattle, Wash. CONTROL: United National Corporation owns all but directors’ qualifying shares. JISTORY: Incorporated under laws of Washington, April 12, 1930. BUSINESS: General trust business, estates, escrows, etc., safe deposit vaults. Company's charter permits engaging in general banking business, but company has no immediate intention of doing so. CORRESPONDENTS: Equitable Trust Co., New York; People’s First Ave. Bank, Seattle, Wash. DFFICERS: W. H. White, Pres.; R. I. Ehrlichman, Vice Pres.; W. C. Hewitt, Vice Pres.; W. B. Fowler, Sec’'y; Roger L. Shidler, Asst. Sec’y; E. V. Denny, Treas.; B. O. Rapier, Asst. Treas.; F. W. Buff, Comptroller. DIRECTORS: R. M. Drumheller, B. B. Ehrlichman, W. H. White, J. C. Bowles, J. BE. Ferris, E. B. Favre, R. I. Ehrlichman, George Harroun, H. A. Rhodes. CAPITALIZATION Dar Value Authorized Outstanding Capital Stock ...... 59 «wl $200,000 $200,000 Paid-in Surplus .coememeeeiocl I ARSE $150,000 Total Paid~in Capital...cce.... reeneeeenn $350,000 UNITED SECURITIES COMPANY GENERAL OFFICE: Skinner Bldg. Seattle, Wash. BRANCH OFFICES: Tacoma, Wash.; Portland, Ore. HISTORY: Incorporated in Washington, Aug. 6, 1926, under name Professional Jervice, Inc. Present name adopted May 1, 1927. BUSINESS: Discounting physicians and dentists’ contracts. DFFICERS: 8. E. Morris, Pres.; D. C. Stansbery, Secy.-Treas.; A. C. Crookall, Vice Pres., all of Seattle, Wash. DIRECTORS: C. J. Stansbery, G. A. Barker, F. R. Underwood, A. D. Remington, A. C. Crookall, D. C. Stansbery, S. E. Morris, all of Seattle, Wash. GENERAL COUNSEL: J. B. Alexander, Seattle, Wash. GENERAL AUDITORS: Haskins & Sells, Seattle, Wash. Fiscal Year Ends: Dec. 31. Annual Meeting: January. CAPITALIZATION Par Value Authorized Outstanding i. 7% Cum. Pref. Stock... cee $100 25,000 shs 781 shs 2. Common Stock .._. revamnmeeennnananenneae NO PPAR 5,000 shs 1,772 shs 1. 7% CUMFILATIVE PREFERRED STOCK Provisions: Preferred as to divi- Transfer Agent: The Company. dends and as to assets in liquidation. Legal Opinion by: Alexander & Bun-Callable: As a whole or in part any dy, Seattle, Wash. time at par. Publie Offering by: The Company, Voting Power: Has no vote. May, 1927, at par, with 2 shares com-Dividends: 7% per annum, paid semi- mon as bonus. annually, June and Dec. 1, since Dec., Number of Stockholders: 50. 1926. Price Range: 1929, sales at par. 2. COMMON STOCK Provisions: Entitled to all earnings Transfer Agent: The Company. over and above preferred dividends. Public Offering by: The Company in Jas sole voting power. . Dividends: 40 cents per share paid May, 1927, as bonus, 2 shares with each Dec.. 1929, share of Preferred. COMPARATIVE EARNINGS. Years Ending Dee. 31 1029 1928 g“e2 12,918 92 8,284 cay Gross Barnings ....eeeeeimeeaeaeaees Total Expenses ......ccocceeeeere. Net Earnings .ooocceeeceeeeei_ Contracts Discounted .... Collections .veeeceemncemeaanne.. Ave. Paid-in Capital _............... .. % Gross Earnings to Capital. 2% Net Earnings to Canits). 1927 $ 6,741 4,749 1.992 65,377 40,327 20,270 33.29% 9.8% ne 4,534 7c) 015 20.7 10.29% LY eernnnnnreeneen 12.2% BALANCE SHERT. As of Dec. 31, 1929 AQQmTC JABILTTTR® Accounts .’aveble .......... inpwai sD 70 Notes Payable ... eeeevrenreenmmnneeeeeeee 1,000 Serial Notes .. eonevemmenennnneeeeeeae 11,000 Tapital ... aeeeeen 18,600 EServes .cccceeaee- eeeeaan———n 661 rplusS coor eeeeccecececeeeeee 3,010 TOTAL: LIABILITIES oo .......%95.346 2aSh eee eee? Notes Receivable ............__._.... _.. Accounts Receivable ................_..... Stock Subscriptions ....................... LC, Furniture and Fixtures.................. t Deferred Charge .cooemneeneiii 2 TOTAL, ASSETS _....... 95 248 “SN FINANCE 309 UNITED STATES NATIONAL CORPORATION GENERAL OFFICE: TU. S. Nat. Bank Bldg. Portland, Ore. HISTORY: Incorporated under laws of Oregon, 1929, as an affiliation of the U. S. National Bank of Portland, Ore. The Central National Bank of Portland was acquired in 1929. On March 22, 1930, for a consideration of 60,812 shares of Class A stock, the corporation acquired from the West Coast Bancorporation controlling interest in banks in Oregon and Southern Washington as follows: Citizens Nat. Bank, Peninsula Nat. Bank and Union State Bank, all of Portland; U. 8S. Nat. Bank, Salem, Ore.; U. S. Nat. Bank, McMinnville, Ore.; First Nat. Bank, St. Helens, Ore.; Bank of Mt. Angel, Ore.; First Nat. Bank, Casmas, Wash. On March 27, 1930, the Bank of Oregon City, Ore., was added to the group. OFFICERS: J. C. Ainsworth, Pres.; Edward Cookingham, Vice Pres.; A. L.. Tucker, Vice Pres.; A. M. Wright, Vice Pres.; Paul S. Dick, Vice Pres.; E. H. Sensenich, Vice Pres.; John N. Edlefsen, Vice Pres.; W. A. Holt, Vice Pres.; W. M. Cook, Vice Pres.; R. T. Pratt, Secy.-Treas. DIRECTORS: John W. Blodgett, Jr, P. S. Brumby, F. J. Cobbs, E. S. Collins, Edward Cookingham, E. Ehrman, R. L. Macleay, Robert Treat Platt, Andrew R. Porter, E. C. Sammons, Aubrey R. Watzek, J. C. Ainsworth, P. S. Dick, A. L. Tucker, A. M. Wright. GENERAL COUNSEL: R. T. Platt, Portland, Ore. Fiscal Year Ends: Dec. 31. Annual Meeting: January. CAPITALIZATION, As of Mar. 31, 1930 Par Value Authorized Outstanding ~o Par 60,000 shs 60,000 shs 10 130,000 shs 130,000 shs 1. Class “A” Stock (Series ..,..._.... 2. Class “B” Stock... CLASS “A” STOCK has no vote, but participates fully in earnings and assets with Class “B,” under agreement of May 22, 1930, when 60,812 shares of Class “B” stock were issued to West Coast Bancorporation for controlling interest in 8 banks, company may retire these shares at $43.33 through exchange of U. 8S. National Bank stock at $110 per share in an amount aggregating the value of Class “A” stock so retired. West Coast Bancorporation is obligated to hold shares three years unless above exchange consummated meanwhile. CLASS «B” STOCK is all owned by stockholders of U. S. Nat. Bank, Port-‘and, Ore. each share of bank stock tarrying with it a pro-rata interest in the corporation. All Class “B"” stock ‘s held in a voting trust. FESOURCES OF CONTROLLED BANKS, As of Ya: f Surplus zr1 [Undiv. Prot: Capit: U. S. Nat. Bank Portland, Ore. ....$3,000,00-Central National Bank Portland, Ore. .... 200,000 Peninsula National Bank Portland Ore......... 200,000 Citizens National Bank Portland, Ore ........ 200,00( Union State Bank Portland, Ore......... 7. S. National Bank Salem, Ore. .......... Bank Mt. Angel, Ore First National Bank St. Helens, Ore... U. 8. National Bank McMinnville, Ore. first National Bank Camas, Wash,........ Bank eof Oregon City Oregon City, Ore. TOTAL ...............$4.175.000 Resources ia 1v3,282 J1&,970 wu 3, (4 1.142 ci, 27 4 SE C Yd 804,17 563,532 2 -t s £ 590,368 27,307 .492,663 1,859,970 24 088 659.274 782.343 38.202 638.942 1.827.145 2H DAE 109 ER? BRAK 205 BOR 726 884 310 THOMSON'S MANUAL UNIVERSAL MORTGAGE CORPORATION GENERAL OFFICE: 280 Stark St. Portland, Ore. BRANCH OFFICES: Seattle, Spokane and Tacoma, Wash.; Klamath Falls, Ore.; Butte, Mont., and Vancouver, B. C. HISTORY: Incorporated under laws of Washington in 1924 to engage in the business of dealing in real estate mortgages, bonds, stocks, etc. The funds used for these purposes have been raised through the sale of Capital Stock, through rediscounting mortgages with life insurance companies, and through the issuance of the. corporation’s own obligations based on first mortgages and bonds as the underlying security. TYPES OF BONDS: Company issues four types of bonds, as follows: _3%% Coupon Bonds—Paid in full at 51% % Single Payment Bond—Providtime of purchase. Interest coupons at- ing for payment of principal and acjacked, payeile Sump anwinly, Janirs cumulated interest at expiration of me at a specifie ime rom year specified term. 5v%% Annuity Bond—A single pay- 3% % Installment 10-Year Bond — ment obligation which provides for Sold on contract requiring equal anpayment of both principal and interest nual, semi-annual, quarterly or monthin equal annual, semi-annual, quarter- y installments over 10-year period. ly or monthly installments over a spec- Installments, with interest, accumulatified term of years. ng to face amount at maturity. SECURITY: All issues participate pro rata in trust fund deposited with Portland Savings Bank & Trust Co. MANAGEMENT: All but the qualifying shares of the corporation are in the hands of the Universal Bond Corporation, a holding company, incorporated under the laws of Oregon in May, 1929. The officers and directors of the two corporations are practically identical. OFFICERS: Guy Lafollette, Pres. Portland; Chas. Herrell, Vice Pres. Portland; Paul Hudtloff, Vice Pres., Butte, Mont.; R. L. Baldwin, Vice Pres., Portland; L. B. Lafollette, Vice Pres., Vancouver, B. C.; A. B. Bradley, Treas., Portland; B. Fairhurst, Sec., Portland; F. H. Rowe, Asst. Sec., Butte, Mont.; R. G. Lafollette, Asst. Secy., Portland. DIRECTORS: Guy Lafollette, Chas. Herrall, A. B. Bradley, R. L. Baldwin, Paul Hudtloff, M. S. West, H. A. Whitney, Dr. L. V. Belknap, H. J. Fennimore, Geo. A. Nichols, R. C. Sugg. GENERAL COUNSEL: M. M. Matthiessen, Portland, Ore. GENERAL AUDITORS: C. W. Twining, Portland, Ore. fiscal Year Ends: Dec. 31. Annual Meeting: March. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding i. 7% Preferred Stock... a... $100 $200,000 $167,500 2. Common Stock .._.... ceitseeee-- No Par 2,000 shs 1.8371; shs DETAILS OF STOCK: Preferred has preference over common as to dividends and as to assets in event of liquidation. No dividends have been paid on either class of stock under present management, BALANCE SHEET. As of Dec. 31, 1929 ASSETS LIABILITIES Accounts Payable eeeeeereneenenana$ 12,363 Votes Payable .ooceeoeeeiccencececeeaee 12,055 3uild. Imp. Payable......ccoceceeeeeeeee. 15,907 vol. Trust Notes......... eeeeewemne. D3,888 301d BONAS woeeeeecemeieeeevananaaaenmeneeee 337,234 Contingent Reserve o.oo... 317,040 Capital & SUurplus.....cccceeeeecneeeasceeee. 195,268 TOTAI, LIABILITIES ..............3664,155 st Mortgage Loans. ...cccccceeeee... $321,017 nd Mort. & R. E. Contracts... 79,86& Loans to Bondholders......coeceeceeeee 115,902 BONAS ooooeoeoeeeeeeeeaaeaeeeenmoamsnnmmnnnmnneeeeee 304147 Accounts Receivable _...... - ‘245 Real Estate ...... i 214 Dperating Equip. .. ...... 1? Prepaid Rent ... Sundry Assets .... Treasury Stock .... THRN ereiir snssirnesasesnnrssn TOTAL, ASSETS on... .%064 WASHINGTON GENERAL MORTGAGE CORPORATION GENERAL OFFICE: 210 Title & Trust Bldg, Seattle, Wash. HISTORY: Incorporated under the laws of Washington. Sept. 13, 1926. RUSINESS: Mortgage Loans. OFFICERS: Charles A. D'Arcy, Pres.; Wm. Halloran, Vice Pres.-Treas.: G. I. Baker, Sec.; Myrtle Frederick, Asst. Treas. DIRECTORS: Charles A. D'Arcy, Wm. Halloran, V. 0. Stringfellow. Hiceal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in Jan. FINANC.. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding emraeanan $100 $300,000 shs $163,400 ... No Par 15,000 shs $ 47,645 Callable: Preferred Stock is callable each year from June, 1927, and up to at $110 and accrued interest any time date. after 5 years from date of issue. Legal Opinion by: Herr, Bayley, Voting Power: Common stock has Croson & Innis, Leary Bldg., Seattle. sole voting power. Public Offering by: The Company at Dividends: 79% on Preferred and 10% $125 per unit (1 share Preferred and »n Common Stock, paid semi-annually 5 shares Common) ANTTAL YTATEMENT, As of Dec. 31, 1929 LIABILITIES Accts. Payable Notes Payable .. Real Estate Trust Res. Agency Righ: Preferred Stock .. Common Stock .... SULDPIUS eon eee eee Cash coooemoieea . 911 Notes & Accounts Rec. 188 Stock Subscriptions . 667 Real Estate .......... 4,658 Stocks and Bonds. 6,540 Furn. & Fix. .......... 7,760 Agency Contract 50,000 Organ. Exp. 26 Agc 13,032 Leasehold & Good + 3,000 Real Estate Trust Deeds........ 3.308.367 TOTAL ASSETS ie... 22.602.723 TOTAL LIABILITIES ...........83.602,723 WESTERN BOND & MORTGAGE COMPANY GENERAL OFFICE: 70 Broadway, Portland, Ore. HISTORY: Incorporated under Oregon laws in 1911. BUSINESS: Real estate mortgage loans, short term collateral trust notes, personal loan paper, cattle loans. Company issues installment bonds and collateral trust notes. SUBSIDIARY: Consolidated Credit Corp. Portland, Ore. OFFICERS: C. H. Farrington, Pres.; W. A. Willis, Vice Pres.; R. E. Vester, Vice Pres.; V. Lyle McCroskey, Secy.-Treas.; J. W. Latimer, Director. GENERAL AUDITORS: Swatell, Withington & Jacob, Portland, Ore. Fiscal Year Ends: Mar. 31. Annual Meeting: April CAPIT “37 fq"nn As of Mar. 31, 1930 ~r Value Authorized 100 $400,000 100 $600,000 YE PREFERRED STOCK Dividends: 79% per annum paid semiannually Jan. and July 10 on preferred. No dividends on common stock in recent years. EFEx-Dividend Date: Jan. and Julv 1. 1. 79% Cum. Pref. Stock. 2 Common Stock 7% CUMUY Provisions: Cumulative as to % annually, and takes preference in event of liquidation. ee—nae Callable: At $105 on 30 days’ notice on any dividend date. Transfer Agent: The Company. COMPARATIVE BALANCE SHEET, Ax of Mar. 31 1930 147,092 252,704 136,495 520,511 734.962 Cash and Certificates of Debpos Stocks and Bonds................._. Real Estate Mortgage Loans... . r meemeememeeemn veas Notes and Accounts Receiv: Mi eee emeesemeeemmeeseeneeeeeneas Investments ..........coooiiimiineaaaannes. SARA TF ah is amma Accrued Interest Receivable... Dther Assets ..... TOTAL ASSETS 1929 97,117 56,012 218,635 84,891 “€ 373 2,671 RR 989 639 ea REL 01473 {98 ARR BOND VALUE TABLES INTEREST TABLES BOOKS ON FINANCE Will send on approval to any rated firm. Most complete stock in Pacific Northwest. THOMSON’S BUSINESS BOOK SERVICE THOMSON'S MANUAL LIABILITIES— installment Bonds ..oo.ccooimanannae.. Reserve for Conversion.......... Collateral Trust Notes. .ooiooraer cane. School Dist. Sinking Funas.....ccceeccoocaiaene. Real Estate Mortgage Certificates... Livestock Prepayments .... RR AN RR Notes Payable .... TS ACCOUNLS Payable ae itera meena Due on Stock Consolidated Credit Coro. ..coociiiiiianies Accrued Interest Payable... I Rediscount, Livestock Notes...... . DBTOTTOO CT CAILB iiimssomsinnins mms mss sas ess wos oss sao Sei a wR EHH Reserve for Installment Bonds... .o.ooiiirieiianeas Reserve for Contingencies... cicaeiineeccaeaaaeennen PTrefortall SHOU ummm ge esses wis ssn mms Common Stock ee maemmeeeeamaeseenmmeenstnammaannemaee surplus .. RRR TOTAL LIABILITIES oan, $1,011,970 170,997 323,691 20,000 159.600 71,671 142,521 212,712 8,891 166.114 292,014 147,303 .66,000 00,000 127,656 2 855 042 $1,102,582 108,907 17,650 158,050 4,571 86,087 121,115 30,064 307,603 6,806 295,209 132,405 100,000 600,000 125.650 $3,496,688 WEST COAST BANCORPORATION GENERAL OFFICE: Porter Bldg. Portland, Ore. HISTORY: Incorporated under the laws of Oregon May 8, 1928. Acquired controlling interest in 8 banks in Oregon, headed by the West Coast National Bank, Portland. and one bank in Washington. Under an agreement effected March 21, 1930, the corporation sold to U. S. National Corporation of Portland its 8 outlying banks: Citizens Nat. Bank, Peninsula Nat. Bank, Union State Bank, all of Portland; U. S. Nat. Bank of Salem, UJ. S. Nat. Bank of McMinnville, First Nat. Bank of St. Helens, Bank of Mt. Angel and First Nat. Bank of Camas, Wash. receiving therefor 60,812 shares of U. S. National Corp. Class A series A stock with book value of $43.33 a share. At same time U. S. National Bank bought entire deposit liability of West Coast National Bank at a price said to permit liquidation of the bank at a figure satisfactory to stockholders. The West Coast Bancorp. became the largest stockholder in the U. S. Nat. Corp. It is obligatory upon West Coast Bancorp. to hold U. 8S. Nat. “A” stock for three years unless it is retired before that time by issuing corporation at $43.33 a share through exchange at $110.00 a share of U. S. Nat. Bank stock in an amount aggregating the value of the U. 8. Nat. Corp. “A” stock so retired. After three years the U. S. Nat. Corp. may retire its “A” stock at $43.33 per share or at book value, whichever is higher. Management announced that West Coast Bancorp. will continue as a security investment company whose principal investment is in the U. 8S. Nat. Corp., but with other diversifed investments and stock purchase privileges in subsequent :apital increases in the U. S. Nat. Bank. DFFICERS: FE. H. Sensenich, Pres.: J. N. Edlefsen, Vice Pres. and Treas.; Anirew Miller, Sec.; G. W. Sensenich, Asst. Sec. DIRECTORS: E. H. Sensenich, J. N. Edlefsen, H. 8S. Tuthill, H. T. Nicolai, W. 0. Munsell, Ross McIntyre, Thomas Autzen, E. A. Clark, G. W. Weatherly, all of 2ortland, Ore. , GENERAL AUDITORS: Price, Waterhouse & Co., Portland, Ore. Fiseal Year Ends: Mar. 31. Annual Meeting: 3rd Tues. in May CAPITALIZATION, As of Mar. 31, 1930 Par Value Authorized No Par 500,000 shs No Par 1,000 shs Outstanding 189,633 shs 1 000 shs 1. Class A Stock........... 2. Class B Stock. 1. OCI. ASS A STOCK Provisions: Participates fully in earnings and in dissolution is preferred over Class B stock, to extent of $25.00 per share. Class A stock has no voting rights. Holders of Class A stock entitled to subscribe in proportion of their holdings for any unissued or increased issue of Class A stock at the price at which same may be offered, except where such stock is utilized by directors for purchase of property. Dividends: 25 cents a share paid quarterly, Jan., Apr., Julv. Oct. 25. since fan. 25. 1929 Ex-Dividend Date: 5th of month on which dividends are paid. Transfer Agents: West Coast Ban-:orporation, Portland, Ore.; Wells Farzo Bank & Union Trust Co. San Franzisco, Calif. Registrar: West Coast Bancorporarion, Portland, Ore.; Pacific National 3ank of San Francisco, Calif. Publie Offering by: Bond & Goodwin & Tucker, Portland, Ore. Number of Stockholders: 1,475. Listed on: San Francisco Stock Exrhange. Seattle Stock Exchange FINANCE 2, CLASS B STOCK Provisions: Has full voting rights, ment designed to prevent control from and entitled to participate share for passing out of hands of interests which share on the same basis as Class A now control it. stock in earnings, except with respect Dividends: 25 cents a share quarterto preference given to Class A stock, ly since Jan. 25, 1929. in event of dissolution, to receive $25.00 Transfer Agents: West Coast Banper share. Control of corporation is corporation, Portland, Ore.; Wells Farvested in holders of 1,000 shares of go Bank & Union Trust Co. San Fran-Class B stock in which voting power cisco. alone rests. All Class B stock is held Registrar: West Coast Bancorporaby directors of the corporation and is tion, Portland, Ore.; Pacific National impounded under a voting trust agree- Bank, San Francisco. "ND EXPENSES 15 Months Ended Mar. 31, 1930 Earned Surplus Dec. 31, 1928... 38.041 GROSS 1M Profit from Sale . interest . Dividends .... Profit, Sale ~* . wecurities.. 119,627 eee. 0132 TL 2,718 150.563 179,018 Dividends Declared .. 237,657 Securities Reserve Acc~vnt...... 135,095 Organization Exp. Wr “t n 13,628 Total Gro: Expenses _ Provision “rr Net Income .. Earned Surplus Ma. “0,57 f£arned per share. BAIL/™CE SHEET, As of Mar. 31, 1930 JABILITIE.-1650..8 92,638 .$2.34 ASSET U. S. Nat. Corp. Stock................$2,635,000 West Coast Nat. Bank.... .......... 1,057,800 Other Controlled Jomp:onie.-. 406,589 Notes Receivable 4,995 Accounts Receive 9.472 Securities wp Cash ... Os urn. 4 ? AQ, Notes Payable cmon Dividends Payable .. Provision for Taxes.. Securities Reserve Class A Stock... Class B Stock..... “larned Surplus . aid 200,000 47,024 45,000 43,941 «40,609 25,000 92,638 Te - re . WW) CTT ES LL. [oa] “There is no question but that the Pacific Ocean is going to take the place of the Atlantic as the market place for world trading.” ~ROGER W. BABSON, in an interview published in the Seattle Post Intelligencer, July 4, 1927. B SECTION VIII INDUSTRIALS Including all Pacific Northwest industrial corporations (not included in special sections of this book) whose securities are in the hands of the public. ALASKA PACIFIC SALMON CORPORATION GENERAL OFFICE: Skinner Bldg. Seattle, Wash. HISTORY: Incorporated under laws of Delaware, Feb. 8, 1929, to acquire properties of the Sunny Point Packing Co., and the operating properties of the Alaska Consolidated Canneries, Inc.,, and the Deepsea Salmon Company. BUSINESS: The company is engaged in salmon packing industry. Two brands of canned salmon packed by the company are nationally advertised, namely: “Icy Point” and “Peter Pan.” PROPERTY: The Corporation has eleven canneries located at Ketchikan, Rose Inlet, Chomley, Yes Bay, Quadra, Kake, Pybus Bay, Tenakee, Funter Bay, Drier Bay and Port Althorp. In connection with the canneries are store buildings, housing facilities for employees, and the marine ways for repairing floating equipment, together with machinery, tools, can and box factory, warehouses and docks, and equipment and facilities for catching its own fish. Properties include fish traps, trap sites and all fishing gear. Canneries have a normal capacity of 35.000 cases a day. Principal floating equipment belonging to the Corporation consists of 38 cannery tenders, 24 seine boats, 8 pile drivers, 3 pile pullers, 8 derrick scows and about 58 deck scows. In addition over 40 privately owned seine boats furnish their entire catch to these companies. OPERATIONS: In 1929 seven canneries were operated and 605,617 cases packed. OFFICERS: D. E. Skinner, Chairman; G. W. Skinner, Pres.; V. H. Eifendahl, Vice-Pres.; L. B. Stedman, Secy.; and Thad Sweek, Treas. DIRECTORS: D. E. Skinner, V. H. Eifendahl, William Edris, H. G. Seaborn, Thad Sweek, G. W. Skinner, August Buschmann and Mansel P. Griffiths. Fiscal Year Ends: Dec. 31. Annual Meeting: Last Monday in April CAPITALIZATION, Ax of Dec. 31, 1929 Par Value Authorized Outstanding 1. Series A Preferred Stock............... No Par 100,000 shs 64,862 shs 2. Common Stock .... iiivenieoenee. NO Par 480.000 shs 225.241% shs i. SERIES A PREFERRED STOCK Provisions: Preferred as to assets February 15, sufficient sum to retire and as to cumulative dividends of $3.25 Series A Preferred in 20 years from a share per annum. In case of liquida- date of issue; such fund to be cumulation, if voluntary entitled to $52.50, if tive and provided before common stock involuntary to $50 a share. No other dividends. stock may be issued with vriority aver Callable: As a whole or in part at Series A. $55 a share until Feb. 15, 1934, and at No dividends may be paid on common $52.50 thereafter. stock that will reduce net liquid assets Convertible: Until Feb. 15, 1939, into below $1,000,000 after payment of an- 13; shares of common stock. nual sinking fund installment. Voting Power: No vote, except if , Unissued shares may be issued up to ,ignt quarterly dividends in arrears, 6635 % of cost of new properties, addi- preferred holders elect a majority of tions or betterments, providing net directors. earnings, including property being ac- Dividends: Payable quarterly Feb, quired, for preceding fiscal year shall May, Aug. Nov. 15th. Initial dividend equal three times amount required to of 8114 cents paid May 15, 1929, and pay dividends on preferred stock out- regularly thereafter. ! ’ standing and to be issued. : Transfer Agent: Office of the Com-While any of Series A Preferred is ,,5y Seattle; American Trust Co., San outstanding, no indebtedness may be Francisco. grested running more than 12 months, Registrar: The Bank of California, except purchase money mortgages; nor N. A.. Seattle and San Francisco may substantially all assets be disposed ton Co. " of without written consent of 2% of Legal Opinion by: Livingston B. Sted-Series A preferred stockholders, unless nan, Seattle, and Chickering & Gregprovision is made for redemption. ory, San Francisco. sinking Fund: Beginning with 1934, Public Offering by: Blyth & Co., Fehthere shall be set aside annuallv each rnarv. 1929 at $50. THOMSON'S MANUAL 2. COMMON STOCK Provisions: Fully paid and non-as- Registrar: Bank of California, N. A, sessable. Holders have no pre-emptive Seattle and San Francisco. *ights to purchase additional shares. Legal Opinion by: Livingston B. Voting Power: Sole vote except as Stedman, Seattle, and Chickering & stated in preferred. Gregory, San Francisco. Dividends: No dividends paid to June Public Offering by: Blyth & Co., Feb-1930. ruary, 1929. Transfer Agent: Office of the Com- Listed on: Seattle Stock Exchange. sany, Seattle; American Trust Co., San Price Range: 1929—High, 233; Low, Francisco. . 20. INCOME STATEMENT, 11 Months Ending Dec. 31, 1929 Gross Operating Profit. — Miscellaneous Income ................ hs Gross Profit ............. Seneral Expense ............... Net INCOME oeeeeeeeennnen. [Interest and Income Tax....... $231,626 43,761 $275,386 66,974 $208,412 83,474 Net Profit coves: $124,937 Preferred Dividends ........ 150,525 SUTPIUS FOr the Year. ooo eeaeeemeeanneennnneeenannaeaneeeeenene = $25,588 —Deficit. BALANCE SHEET. As of Dec. 31, 1929 ASSETS LIABILITIES Notes Payable .ocoeeveeemmcnnne..... $2,125,775 Acels. Payable assesses 95,701 Faxes Accrued ..ooocooeeeeeamnnn.. 66,025 nterest Accrued .._............. 24,265 ncome Tax Reserve.............. 15.500 DAN cm rssisssmssrissts smo d 6,802 Accts. Receivable ....... ............. 825,973 ‘nventories ...... cemeeeeeee 3,185,972 Total Current Assets..............$4,018,747 investments .ooceeeceiiieiiieneeneea.d 11,916 Property and Equipment............ 4,383,589 Organization Expenses ........... 28,140 Deferred Charges .....cccoceceeeeeeee- 39,405 TOTAL ASSETS cc... %8.481.797 Total Current Liabilities......$2,327,266 Purchase Money Obligations...$§ £4,500 Capital Stock meeeieeeeeeeeenenn. 4,912,500 Surplus & Undiv. Profits............ 1,159,531 TOTAL LIABILITIES ............$8,481,797 ALASKA PACKERS ASSOCIATION GENERAL OFFICE: 85 Second St. San Francisco, Calif. HISTORY: Incorporated under laws of California, Feb. 9, 1893, for the purpose >f canning and distributing salmon. The company is controlled by the California Packing Corporation, through ownership of over 79% of the capital stock. BUSINESS: Engaged in the salmon packing industry, company owns 14 canneries, 13 of which are located in Alaska, and in addition maintains and operates its own fleet of fishing and freight vessels. PROPERTY: Thirteen canneries and hatchery are owned in Alaska; one on Puget Sound, Wash. Several stations are maintained where fish are salted. Company owns 10 sailing ships, 5 steam ships, 63 cannery tenders, and much miscellaneous equipment. Also owns 90 acres of Alameda, Calif, waterfront property with improvements. and 2.187 acres farm land at West Sacramento, alif. OFFICERS: R. J. Bently, Chm. of Bd.; Will Timson, Pres.; A. K. Tichenor, Vice Pres.; C. A. Iverson, Vice Pres.; B. R. Hart, Vice Pres.; W. D. Motts, Sec'y-Treas. DIRECTORS: H. F. Fortman, Wm. Timson, B. D. Adanson, R. J. Bently, F. B. Anderson, A. K. Tichner, R. L. Pratt, I. A. Woolams, A. M. Lester. L. EE. Wood. J. K. Armsby, B. R. Hart, W. D. Motts. FENERAL AUDITORS: Price, Waterhouse & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Tues. in Jan. CAPITALIZATION: Par Value Authorized Outstanding Capital Stock _.... $100 $7,500,000 5,750,800 share: 1919, $25; 1920, $20, all in Libarty bonds. Ex-Dividend Date: Last day of Jan, Apr., July, Oct. Registrar: Wells, Fargo Bank and "MTnion Trust Co., San Francisco. Listed on: San Francisco Stock Exzhange. Price Range: 1929 1928 1927 1926 1925 1924 High .... 200 170 185 185 185 180 l,ow _.__ 168 160 160 160 175 150 Ownership: California Packing Corporation owns 45,471 shares of the 57,-»08 shares outstanding. Dividends: 1894 to 1901, incl, 75c per share paid monthly; 1902 to Oect., 19 Oct.,, 1904, incl.,, $1 monthly; Nov. 1904, to Sept. 1905, 75¢ monthly; Feb. 1910 to Nov, 1916, $6 per annum; Feb. 1917 to date, $8 per annum paid quarerly, Feb., May, Aug., Nov. 10. Extra Dividends: $2 per share paid Feb. of each year, 1917 to date, except 1926. Special dividends. 1918. $20 per on COMPARATIVE INCOME STATEMENT, Years Ending Dec, 3] 1929 <e Net Income from Operation Insurance Fund and Miscellaneou. ‘9% oF OF} P= 0F3 Net Income ...._........ Common Dividends _.... Surplus for the year. ieee Earned, per share Common stocKk............... ...... COMPARATIVE BALANCE SHEET, As of Dec. 3 192% 7,017,075 581,959 942,889 86,127 “BH ASSETS— Plant, Terminals and Fleet....... [nsurance Fund Investment... CSN eee eee eam nan Accounts Receivable __.. ean [Inventories .. TOTAL ASSET ‘ NL LIABILIT Capital Stocs .. Insurance Fund Surplus Current Liabilities Tax Reserve .... 0,¢ hE hj < ¢ TOTAL LIABILITIES _..... 1.170. *75,912 7.230 “2968 © 0y4 3 2.30 1: “la 64 ree AERO ALARM COMPANMN GENERAL OFFICE: Stuart Bldg. Seattle, Wash. BRANCH OFFICES: New York City and San Francisco, Calif. HISTORY: Incorporated under laws of Washington, July, 1916, succeeding Aero Fire Alarm Co. of Maine (established 1912), which succeeded Aero Fire Alarm Co. of New Jersey (1911). . BUSINESS: Company furnishes automatic fire alarm service in 130 cities in the United States and Canada. The company has a long-term contract with the Am. District Telegraph Co. whereby the latter company sells, operates and maintains alarm service in most large cities of the U. S. PLANTS & EQUIPMENT: Company operates plants in Plainfield, N. J., and Seattle, Wash., for manufacturing and assembling alarm equipment. Company owns franchises in all cities in which alarm service is operated, and has long-term contracts with customers. Title to all alarm equipment which it installs is retained by the company. SUBSIDIARIES: United Electric Service Co., New York City, handling sprinkler supervisory service. Instantaneous Alarm, Seattle, and Seattle American District Telegraph Co. furnishing night-watch supervisory, burglar alarm and messenger services. MANAGEMENT: L. C. Henry, Pres.; H. L. Coe, Vice Pres. & Gen. Mgr.; H. Govenlock, Sec'y.; B. H. Swan, Treas. DIRECTORS: L. C. Henry, P. M. Henry, H. B. Earling, J. H. Edwards, C .S. Shank, J. D. Butler, Wm. McMaster, H. L. Coe, all of Seattle, Wash.; J. P. Mc-Goldrick, Spokane, Wash.; R. M. Calkins, Chicago, Ill.; F. H. Osgood, Santa Barbara, Calif.; Frank W. Camp, Portland, Ore. GENERAL COUNSEL: C. S. Shank, Seattle, Wash. GENERAL AUDITORS: Price, Waterhouse & Co., Seattle, Wash. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Wed. in Mare! Number of Employees: 50. CAPITALIZATION, As of Dec. 31, 1929 Tar Value Authorized $2,000,000 $3,000,000 1. 72 CvMiiL. .' VE PREFERRED STOCK _ Provisions: Preferred as to cumula- Apr, July, Oct. 1, up to March, tive dividends and as to assets in case None since. nf liquidation. Callable: At $115 plus accrued divi- Transfer Agent and Registrar: iends on any dividend date. Company. Dividends: 79% paid quarterly, Jan. Number of Stockholders: 194 2. COMMON STOCK Common stock has sole vot- Dividends: None since 1919. Sumber of Stockholders: 520 1929 The THOMSON'S MANUAL FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding 1. Collateral Trust Series A....... 7% 1-1-21 1-1-37 $250,000 $200,000 2. Collateral Trust Series B....... 7% 4-15-25 4-15-33 $500,000 $320,000 1. COLLATERAL TRUST 7% SERIAL GOLD BONDS, SERIES A Interest Payable: Semi-annually, Tax Status: Company pays Federal lune 1, Dec. 1, at Trustee's office. income tax up to 2%. Principal Payable: $25,000 annually, Security: Secured by long-term peginning June 1, 1928, at Trustee's of- service contracts with a diversified list fice, of mercantile organizations. Trustee: First Seattle Dexter Hor- Legal Opinion by: Donworth, Todd ron Nat. Bank, Seattle, Wash. & Higgins, Seattle, Wash.,, and Shank, Registerable: As to principal only. Belt & Fairbrook, Seattle, Wash. Denominations: $1,000, $500, $250. Offered by: The company, Jan. 1921, Callable: At 105 on 30 days’ notice. at 991%. 2. COLLATERAL TRUST 7% SERIAL GOLD RONDS, SERIES B Interest Payable: Semi-annually, pany, secured by service contracts with Apr. and Oct. 15, by the Trustee. users of the service. Annual income of Principal Payable: Apr. 15, 1927, contracts pledged not to be less than £30,000; 1928, $60,000; 1929, $90,000; 130% of annual interest and principal. 1930, $95,000; 1931, $95,000; 1932, $80,000, Further secured by deposit of all Compy the Trustee. mon stock except qualifying shares. Trustee: National Bank of Com- Legal Opinion by: Preston, Thormerce, Seattle, Wash. grimson & Turner, Seattle, Wash., and Denominations: $1,000, $500, $100. R. H. Coshun, Seattle, Wash. Callable: By lot on any interest Mechanical and Technical Features: Jate, on 60 days’ notice at 102. Approved by F. A. Rasch, Industrial Tax Status: Company pays normal Engineer, Portland, Ore. Federal income tax up to 2%. Offered by: Freeman Smith & Camp securitv:. Direct obligation of com- Co., Portland, Ore., May, 1925, at par. BEAVER PORTLAND CEMENT COMPANY GENERAL OFFICE: 603 Lumbermen’s Bldg. Portland, Ore. CONTROL: By Ross Island Sand & Gravel Co. HISTORY: Incorporated under laws of Oregon, April, 1913. BUSINESS: Manufacturing Portland and a special cement. Also furnish limestone for use in paper manufacturing and agricultural fertilizers. PROPERTY, PLANTS & EQUIPMENT: Plant at Gold Hill, Jackson County, Oregon, of 1,600 bbls. daily capacity. Wet process, with limestone and shale deposits adjoining. Limerock deposits at Marble Mountain, Josephine County, Oregon. Company owns three miles of standard gauge railroad and one mile of tramway, connecting limerock deposits with California and Oregon Coast Railroad at Wildeville. DFFICERS AND DIRECTORS: D. L. Carpenter, Pres.; W. H. Muirhead, Vice Pres.; L. H. Adams, Sec’y.; A. C. Nelson, Asst. Sec'y.; Wm. Schrump, Director GENERAL COUNSEL: W. Lair Thompson, Portland, Ore. GENERAL AUDITORS: Haskins & Sells, Portland, Ore. Fiscal Year Ends: Dec. 31. Annual Meeting: 4th Wed. in Feb. Number of Employees: 80. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized 7% Cum. Prior Preferred Stock... $100 $150,000 7% Cum. Preferred Stock... ......... $100 $350,000 Common Stock ....... ee. R100 $500.000 Outstanding $150,000 . $293,330 500.000 DETAILS OF STOCK Provisions: Both classes of Pre- Ownership: Ross Island Sand & ferred are cumulative to extent of 7% Gravel Co. owns all of Prior Preferred annually, and take preference over stock, $152,070 of Preferred stock and Common stock up to $100 per share in $275,000 of Common stock. case of liquidation. Dividends: Not reported COMPARATIVE BALANCE SHEET. As of Dee. 31 1928 10,360 16,432 70 999 ASSETS-IYRBI corinne ER RS wg eS ee Bills and Accounts Receivable................ inventories ooeeeeeeen... ee eee eran 1927 5 9,497 76,532 17.625 Total Current Assets............ Plant and Equipment... . . [NVEStINEINIES eee eee eeeeeeva vce cceeesesnmn carn ame eos osamnem nee an in DEfarTed ASSOLE ecm i ssi is Sinise sams wavwmaman DIHET ASSES co. ooo eeeeeeeeeeeee remem eememes eons oe emnesonanesan ema ran: 9 TOTAL ASSETS i 82.094.640 SC 7 £70 204,654 ,364 1,683 “7 466 292 108.082 CY JSTRIA LIABILITIES-Current Liabilities tC eemee + meme emeaeen Prior Preferred StoCh....cce....... ee eeeteeamemmemmeememeemescessemnesseceonees Preferred Stock ..... ee eenmeameceeeneemessssssesessenneeemsmsaenseoensacnecn Common Stock ... Ho ememietmmmeeeeseseeeecesesesesanain ons Bonds Outstanding ...c. cssscimsiciosmiiigmmrsssorercirimescssssessns sevmevs Bonds and Interest Matured... iieeencenccecmnemecrecemaamnnees Depreciation ..... Surplus ..... TOTAL LIABILITIES Net Working CoPlial cima ss ria sss ssss ss. Ratio Current Assets to Current Liabilities..................... Dook Value Common shares... een ———— 40,062 150,000 293,330 500,000 356,000 763 244.693 509,792 094,640 87,618 5.6:1 $200.12 51,700 150,000 293,330 300,000 250.000 137.628 £ 4,108,032 212,954 5.1:1 $209.52 FUNDED DEBT, As of Dec. 31, 1929 First (Closed) Mortgage Sink. Rate Dated Due Authorized Outstanding Fund Gold Bonds........... _.... 7% 11-1-25 1927-40 $400,000 $330.500 Interest Payable: Semi-annually, Sinking Fund: Company pays quar-May 1 and Nov. 1, at Trustee's office. terly to Trustes 5c per Dhl on all 28. } ment sol uring preceding months, Prineipnl 3 Avakles Nov. 1, 1927, $7.- to be used to purchase bonds of last 000; 1928, $9,000; 1929, $11,000; 1930, outstanding maturity, at not above call $13,000; 1931, $14,000; 1932, $16,000; price 1933, $18,000; 1934, $20,000; 1935, $22,- To 000; 1936, $25,000; 1937, $28,000; 1938, Tax Status: Company pays normal $31,000; 1939, $36,000; 1940, $150,000. Federal Income tax up to 2%. i S 2 i § Trustee and Registrar: Bank of Cal- sa unity or Firat Domgage » all as ifornia, Portland, Ore. ! ; Lo Legal Opinion by: W. Lair Thomp-Registerable: As to principal. son, Portland, Ore. Denominations: $1,000, $500. Offered by: Ralph Schneelock & Co. Callable: By lot from last maturity and Bond, Goodwin & Tucker, in Nov.. c»itstanding on any interest date at 102. 1925. at par. BREESE AIRCRAFT CORPORATION GENERAL OFFICE: 17th and Raleigh St., Portland, Ore. HISTORY: Incorporated under laws of Delaware May 29. 1929, to acquire the Breise Aircraft Corp. of Oregon. BUSINESS: Manufacturing and distributing airplanes of passenger and mail transportation type; monoplanes of five and seven-passenger type. OFFICERS: Vance Breese, Pres.; B. E. Palmer, Chairman of the Board; C. W. Tracy, Vice-Pres.; J. H. Lynch, Vice-Pres.; B. V. Chappel, Treas.: Bradley A. Ewers, Secy.; Otto J. Hess, Asst. Secy. DIRECTORS: B. E. Palmer, Vance Breese, C. W. Tracy, J. H Lynch, B. V. Chappel. Bradley A. Ewers, A. 1. Eagle, Henry R. Hayek, S. K. Pardee, T. P. Risteigen. Par Value Authorized Outstanding ..No Par 100,00 shs 14,874 shs Registrar: Empire Trust Co. New York; Columbia National Bank, Portland, Ore. Public Offering by: Madden, Tracey Co., New York, and Mortgage, Bond & Acceptance Corp., Portland. Ore.. August, 1929, at $15.50. BALANCE SHEET, As of March 31, 1930 “RET LIABILITIES Accounts Payable ......... 818 Deferred Commissions .......... . 4,368 Capital Stock Outstanding............ 230,516 Capital Stock Subscribed.............. 16.754 TOTAL LIABILITIES _ ...........8252.486 COMMON STOCK __ Cash ............. Accts. Receive Subscription Inventory .. Machinery ......... Furniture and ~ ee Engineering Plans « Stress Airplane Construction NDther Assets ..... RRS mi ms TOTAL ASSETS 2,595 ,719 .,648 1,009 646 570 7,238 4,854 9.204 e959 Q46 420 THOMSON'S MANUAL BRITISH COLUMBIA PACKERS, LIMITED GENERAL OFFICE: 325 Howe St, Vancouver, B.C. BRANCH OFFICE: 1608 Star Bldg. Toronto. HISTORY: Incorporated under laws of Canada, May 18, 1928, to acquire the shares of the British Columbia Fishing & Packing Co., Ltd., The Gosse Packing Co., Ltd.,, The Millerd Packing Co., and also the Wallace Fisheries, Ltd., a subsidiary of British Columbia Fishing and Packing Co., Ltd. Purchased Skeena Packing Co. from Pacific American Fisheries in June, 1930. BUSINESS: A holdng and operating company engaged in the production of canned salmon, cured fish, fish meal and fish oil on the Pacific Coast. In addition, the company operates a fleet of power boats engaged in fishing. PROPERTY, PLANTS, EQUIPMENT: The company operates 39 canneries, oil and meal plants, mild-curing plants, dry salteries and fresh and frozen fish plants, a sawmill and a shipyard. A fleet of 32 power boats is maintained and 3 number of smaller craft. The entire properties are operated by the company under a 21-year lease dated Oct. 1, 1928. SUBSIDIARIES: British Columbia Fishing & Packing Co., Ltd, Wallace Fisharies, Litd., the Gosse Packing Co, Ltd., the Milerd Packing Co., Ltd. OFFICERS: Aemilius Jarvis, Ch. of Bd.; Stanley J. Burke, Pres.; Richard J. Gosse, Vice-Pres.; Robert C. Gosse, Vice-Pres.; F. R. Bartlett, Sec.-Treas. DIRECTORS: Aemilius Jarvis, Toronto, Ont.; J. H. Grundy, Toronto, Ont.; Richard J. Goss, Robert C. Goss, Stanley J. Burke, F. E. Burke, Vancouver, B.C GENERAL AUDITORS: Price, Waterhouse & Co. Fiscal Year Ends: Feb. 28. Annual Meeting: At call of directors. Number of Employees: From 100 to 1600, according to the season. CAPITALIZATION, As of Feb. 28, 1930 Par Value Authorized Outstanding I SURI 3 (11 $5,000,000 $3,916,900 weeeeveeee. No Par 500,000 shs 277.556 shs 1. 7% Cum. Pref. Stock... 2. Common Stock ... PREFERRED STOCK Provisions: Preference as to divi- ‘in which case each share carries one dends and to assets to the extent of vote. 110 in case of voluntary liquidation, Dividends: Cumulative from April 1, and 100 in case of involuntary liquida- 1929. Payable quarterly, July 1, etc. tion. Dividends paid regularly since initial Sinking Fund: 109% of net earnings payment, July 1, 1929. set aside annually to provide for re- Ex-Dividend Date: Mar., June, Sept. jemption of preferred stock. and Dec. 15th ’ ’ ’ Callable: At 110 and accrued divi- : : dends in whole or in part on 30 days’ Transfer Agent: Montreal Trust Co, notice. Toronto and Montreal. Voting Power: Non-voting, unless Registrar: National Trust Co., Toron-‘our quarterly dividends are in arrears. to and Montreal. i. 7% CUMULATIVE 2. COMMON STOCK Details: Fully paid, non-assessable, Transfer Agent: Montreal Trust Co., aon- personal liability. 99,608 Stages Toronto and Montreal. were exchanged, share for share, for i : i 1 T Co., To-B C.” Fishing & Packing Co.; 20,000 ro piitay; Taiions Puss Co. To hired, Shore Tor shore, To) Gone Pps Listed on: Montreal Stock Exchange shares of Millerd Packing Co.; 110,000 and Toronto Stock Exchange. shares were sold to Wood, Gundy & Co., Price Range: 1930—High, 13%; Low, for $1,000,000. 6: 1929—High, 321%; Low, 51%; 1928— Dividends: None paid to May, 1930. High, 321%; Low. 28. COMPARATIVE INCOME STATEMENT. Years Ending Feb. 28 1930 $634,276 332,922 29,654 2K 000 1929 $1,285,999 329,953 38,902 110.000 807,144 116,962 +» 690,182 “3995 Net BEATNINES cooreeieeeeeeocceeceiie oeeeeemeeaeamceeeemn acm re ann mnannaanomne Maintenance and Renewals ...ooimeeeieae ie eeecneammenns Interest on Funded Debt. rive on amb emreRER mE Provision for TaXesS. om oo Net INCOME oo eeeeeeeeeeeeeeae eee eam ee mmm mmm sme m mm mmanmmeen Expenses incurred through change of fiscal vear ............ Preferred Dividends ................... SUTPIUS FOr the Ye AT. noe eemnmeeemmeeneeennee® G0 8 Earned, per share preferred StOCK oo oceeireeeereeemaeeneeee 95.88 Harned. per Share COMMON SOCK... ee eee eeeeeeeceemonsssssnmnnen —oeenceasmer n INDUSTRIAL: COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Feb. 28 ASSETS 1930 1929 Plants and Equipment... ._ erence eemomnenan $7,142,716 $7,185,753 Cash with Trustee for Bondholders..........____..___ RE id 40,030 Investment ................... RS RSNA SHAE fom mbm mswmm 28,692 16,889 Prepaid INSUFANCE ci iii iacaeea cease seers eeeene eee ree cane 50,047 66,292 Organization Expense _.._......... Sn RE ER He 8 17,041 34,432 Other Prepaid Items.................. mmeocemeeeamamaean T2699 2,428 Current Assets: Cash ...... — f "89 728 Accts. Rec, Less Res...... °c? “ng Inventories-Fish ........ Supplies ............. Packing Expense .. Total Current Assets...... TOTAL ASSETS ..... LIABILITIES— Minority Interest in Subsidiaries... Purchase Money Obligations... a. Funded Debt of Subsidiaries. ......occooooooooeeeeeeeeeeens Capital Stock of Subsidiaries... Preferred Stock .. A —————— Common Stock . eee rename e—————— BUrDIUS cocwonvicossonmene eeementmeeieneeeaeenenneenomaannn Current Liabilit;] Bank Loans .......... Accounts Payable .ooooeeemenei Res. for Income and Pack. Tg vc... £,036 “4,945 47,200 916,900 3,730,300 715.259 25000 a: 156 £923 2/646 .. 0,800 961,500 AT 690.3. nee Total Current Liabilitie. TOTAL LIABILITIES coon. Net Working Capital ooo Ratio Current Assets to Current Liabilities....... Book Value Common Shares....... reece toeeemmamamnmennenrnne ane FUNDED DEBT Wallace Fisheries Rate Dated Due Authorized Outstanding First Mtge. Debentures.......... 6% 1-10-11 1-10-36 900,000 $447,200 Interest Payable: Jan. 10th. Security: First mortgage on all assets Trustee: Montreal Trust Co. of Wallace Fisheries and uncondition-Registerable: As to principal. ally guaranteed bv B. C. Fishing & Denominations: $100, $500, Coupons. Packing Co. Callable: At par on anv interest date BRODER CANNING COMPANY, LTD. GENERAL OFFICE: New Westminster, B .C. HISTORY: Incorporated under laws of British Columbia, 1917, for the purpose of i3king over the business of the Broder Canning Co.. which was established in 1910. BUSINESS: Operates packing and canning plants in New Westminster, B. C, Edmonton, Alberta, and Medicine Hat. Specializes in production and canning of peas with some 20 other lines. Put up under “Royal City” brand. DIRECTORS: Robert R. Broder. C. H. Reed, Mrs. V. F. Broder, C. W. Moore, H. C. Wade, L. A, Lewis. CAPITALIZATION: Par Value Authorized Outstanding 1. 7% Cum. Preferred Shares.............. $100 $300,000 $150,000 2. Common Shares ... eee = $100 $350.000 $192,900 1. 7% CUMULATIVE REDEEMARLE PREFERRED SHARES Provisions: Preferred as to assets Voting Power: Has no voting rights and 7% cumulative dividends from July except upon any resolution for the vol-1, 1929. In voluntary liquidation en- untary liquidation of the company or titled to $105 a share and in involun- for altering the regulations of the comtary liquidation to $100, in each case pany in any way so as directly to inwith accrued dividends. ierfere with the rights and privileges ~Additional amount may be issued at attached to such shares, when holder discretion of the directors. Proceeds shall be entitled to one vote per share, to be applied in whole to increasing nor shall they qualify any person to be fixed assets or for providing additional a director of the company. working capita y reduction of cur- ol 2 i pent Viskilities, No increase shall be aide Ties Paid quarterly. Jan. 1, made unless consent is first obtaine “ re a . - of the holders of 66% of the then au- Nransfer Agent and Registrar: West. thorized outstanding Preferred shares, B Ce e 0s Oy ' re votes to be cast at a special meet- Legal Opinion by: R. L. Maitland, Callable: On 60 days’ notice at the K. C.. Vancouver, B. C. option of the company at $105 and ac- Public Offering by: Reed, Henderson, crued dividends. Ltd., Vancouver, Julv 1. 1929 at 99 THOMSON'S MANUAL BUCKERFIELD'S, LIMITED GENERAL OFFICE: Vancouver, B. C. BRANCH OFFICES: Retail branches have been operated at South Vancouver, Burnaby, Abbotsford and Chilliwack. HISTORY: Incorporated under laws of Canada, April, 1928. The business now conducted under the name of Buckerfield’s Limited commenced in 1919 as a partnership , Vernon & Buckerfield. The firm was incorporated under the British Columbia Companies Act in 1925 as Vernon & Buckerfield Limited and the name of this company was changed to the present style in April, 1928. The present company of the same name has been incorporated under the Dominion Companies Act to acquire the entire assets and business of the provincial company. BUSINESS: The Company conducts a seed business, wholewheat flour manufac-;uring plant, and is engaged in the manufacture and wholesale and retail distribution of poultry and dairy feeds, wholesale hay and grain business and the marketing of by-products from the terminal elevators in Vancouver. PROPERTY: Company has plant on the waterfront at Vancouver, B. C., especially designed, with modern machinery for handling the business. Also has dock for coastwise shipping and can build deep-sea dock when required. Proparty on which plant is located is all under lease, expiring in 1947. SUBSIDIARIES: Westminster Grain Co., at New Westminster, B. C. OFFICERS: E. Ernest Buckerfield, Pres.; J. P. D. Malkin, Vice Pres. DIRECTORS: E. Ernest Buckerfield, J. P. D. Malkin, Gordon Farrell, R. H. Tupper, Blake M. Wilson, Stanley Burke. GENERAL AUDITORS: Helliwell, Maclachlan & Co. Fiscal Year Ends: Dec. 31. CAPITALIZATION: Par Value t. 7% Preferred StocK....oeiiiieins $100 2. Common Stock ooo. weeeeee.oNoO Par Outstanding $270,000 10.000 shs FUNDED DEBT First Mortgage Sinking Rate Dated Due Authorized Qutstanding Fund Gold Bonds................ 6% 2-1-29 2-1-49 $500,000 $250,000 Interest Payable: Feb. and July 1, at the Imperial Bank of Canada, Victoria nr Vancouver, B. C., or Winnipeg, Man. Trustee: Montreal Trust Co. Registerable: As to principal. Denominations: $1,000 and $500. Callable: At option of company in whole or in part on any interest date >n 30 days’ notice at 104 and accrued interest to Feb. 1, 1934; at 103 from Feb. 1, 1934, to Feb. 1, 1939; at 102 from Feb. 1, 1939, to Feb. 1, 1944, and at 101 ‘rom Feb. 1, 1944, until maturity. Remaining $250,000 of bonds may be issued in the discretion of directors, to the extent of 609% of cost or appraised value, whichever may be less, of additional property to be defined in the trust deed; and then only if average annual net earnings for two years immediately preceding date of issue of such additional bonds shall have been not less than three times annual intersaat charges on all the first mortgage syonds of the company to be outstandng after proposed additional issue. Sinking Fund: An annual sinking ‘und amounting to $7,194.85, the first leposit to be made on Feb. 1, 1930. This (eposit with compound interest is sufjcient to retire the bonds of Series A yy maturity. Sinking fund will be 1sed either for the purchase of these onds on the open market, at or below he redemption price, or for the relemption of bonds of Series A to be »alled bv lot at the redemption price. security: Direct obligation of Buck-.rfield’s Limited and is secured by a irst specific charge on all fixed asiets now owned or hereafter acquired, and by a floating charge on all other 18sets. Legal Opinion by: Walsh, Bull, Housser, Tupper, McKim & Molson. Offered by: Pemberton & Son, Van-.ouver. Feb.. 1929, at 97.2. BOND VALUE TABLES INTEREST TABLES BOOKS ON FINANCE Will send on approval to any rated firm. . Most complete stock in Pacific Northwest. . THOMSON’S BUSINESS BOOK SERVICE Qeaattle. ash. 7 [om FREI CARNATION COMPANY GENERAL OFFICES: Stuart Bldg. Seattle, Wash. and Oconomowoc, Wisc. SALES OFFICES: Portland, Ore.; San Francisco and Los Angeles, Calif.: Denver, Colo.; Chicago, Ill.; Omaha, Neb.; St. Louis and Kansas City, Mo.; Minneapolis, Minn.; New Orleans, La.; Detroit, Mich.; Indianapolis, Ind.; Jacksonville, Fla.; Atlanta, Ga.; Toronto, Canada. HISTORY: Incorporated under laws of Delaware, July 1, 1920. The company had its corporate inception as the Pacific Coast Condensed Milk Co., incorporated in Washington, December 21, 1900, and reincorporated under laws of Maine, Oct. 1, 1910. Name changed to Carnation Milk Products Co., Feb. 2, 1916. The business was founded in 1899 by E. A. Stuart, with the operation of a small milk condensary at Kent, Wash. In 1929, through exchange of stock, the company acquired assets and business of the Albers Bros. Milling Co. on the basis of 21 shares of Carnation Common for each share of Albers Preferred, and 2 shares Carnation Common for each share of Albers Common. BUSINESS: A holding and operating company, manufacturing and selling evaporated and condensed milk, malted milk, powdered milk, other milk products, fluid milk, ice cream and cereals. OFFICERS: E. A. Stuart, Pres.; E. H. Stuart, Vice Pres. . Treas.; Paul R. Mec-Kee, Vice Pres. & Sec’'y.; P. G. Kinzer, Vice Pres.; .. 1’. Douglas, Vice Pres.: W. N. MacBriar, Asst. Vice Pres.; F. B. Peterson and R. W. Zinkie, Asst. Treas; K. I. Ghormley, Asst. Sec’y. DIRECTORS: E. A. Stuart, E. H. Stuart, J. F. Douglas, Paul R. McKee, P. G Kinzer, R. H. Fullerton, Walter Kasten, George Albers and F. B. Peterson. GENERAL AUDITORS: Price, Waterhouse & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Sat. in Feb. Number of Employees: 5,000. PRINCIPAL CARNATION PRODUCTS: Carnation Evaporated Milk, Carnation Malted Milk, Carnation Ice Cream, Carnation Grade “A” Pasteurized Milk, Carnation Butter, Carnation Table Cream, Carnation Whipping Cream, Carnation Cottage Cheese, Carnation Cream Cheese, Carnation Pickle Cheese, Carnation Pimento Cheese, Carnation Certified Milk, Carnation Powdered Milk, Evaporated Milk, Sweetened Condensed Milk. PRINCIPAL ALBERS PRODUCTS: Carnation Wheat Flakes, Peacock Buckwheat Flour, Pearls of Wheat, Alberts Oats, Carnation Oats, Albers Minit Oats, Carnation Quick Oats, Albers Flapjack Flour, Albers Cornmeal, Fluff Cake Flour, Barnes Toasted Wheat, Instant Tapioca, Pearl Barley, Split Peas, Hominy Grits, Farina, Carnation Pancake Flour, Albers Steel Cut Oats. Also a complete line of poultry feeds, dairy feeds and con~~- -ates, such as sov bean meal. cocoa meal, molasses and hemp seed. PROPERTY: 40 Condensaries are located in Washington, Oregon, California, Colorado, Minnesota, Iowa, Missouri, Texas, Mississippi, Tennessee, Kentucky. Lllinois, Wisconsin, Michigan, New York, Pennsylvania and in Ontario, Canada. Twenty-five fresh milk or ice cream plants are located in Washington, Oregon, California, Oklahoma, Texas, Missouri and Iowa. Two can factories are located at Oconomowoc, Wisc, and Maysville, Ky., while two can plants are in Europe, one in France and one in Germany. Company through affiliated companies owns and operates four plants in Europe, two in Holland, one in Germany and one in France. General laboratories are maintained at Oconomowoc. Wis.; Corry, Penn. and Mount Vernon, Wash. Three cereal mills. located in Oregon. Washington and California. UNITS COMPOSING THE CARNATION COMPANY NAME PRODUCTS OPERATING Carnation Co. ot Evaporated milk unware der brand name “Carna- Throughout U. S. A. tion..” Evaporated milk un- Throughout Canada der brand name “Carnation..” Evaporated milk under brand name “Gold Cross” and sweetened condensed milk under brand names “Sweet Clover” and “Red Cross.” Evaporated milk under brand names ‘“Columbine” and “Red Cross.” Evaporated milk under brand name “Northfield.” Registered Holstein cattle and certified bottled milk THOMSON'S MANUAL Pure Milk Dairy Products Co. Mayflower Dairy Jersey Dairy West Seattle Dairy Mrescent Dairy v Certified and pasteurized bottled milk and scream, butter and cheese sold principally under brand name “Carnation.” All these units now operating under the mame of Carnation Farm Products Co. Ice cream under the brand name “Carnation.” Pasteurized bottled milk and cream under syrand name of their respective dairies — also butter and cheese. These units are now operating under name of Carnation Farm Products Co. Seattle, Washington Carnation Ice Cream Co. Portland-Damascus Milk Co. Steigerwald Dairy Co. Riverview Dairy Co. Fernwood Dairy Co. Modern Dairy, Inc. Vine Lodge Dairy Green Hill Dairy Rainbow Dairy Products Co. Holbrook Farm Seattle, Washington Portland, Oregon Pasteurized bottled nilk and cream, cheese ind ice cream under srand name of respecsive dairies. Pasteurized bottled nilk¥ and cream under srand name of company. Pasteurized bottled nilk and cream, butter, heese and ice cream unjer brand name of respective companies. Pasteurized bottled milk and cream, butter, ‘theese and ice cream unjer brand names of respective companies. All hese units now operating under name Quality Dairy Products Co. Pasteurized bottled milk and cream, butter and cheese under brand name “Carnation.” Package cereals, patent flours, stock and noultry feed sold principally under the brand names “Carnation” and “Albers.” Evaporated milk and Fifty-five foreign councondensed milk with tries including England, plants in Germany, Hol- Continental Europe and jand and France. Far East ] *The Carnation Company, in addition to solely owning all other companies mentioned, owns the majority of stock in the American Milk Products Corporation, an export company. BUSINESS & EARNINGS: In 1900 the gross business was $170,489: 1905, $1.138,-088; 1916, $13,025,559; 1929, $48,054,388. . _ Earnings on turnover for four years ending Dec. 31, 1929, were 5%. Due to falling commodity prices and as result of consolidation of so many companies tn 1929 the percentage did nof eaual 5%. Broadview Dairy Co. Pine Creek Dairy Co. Spokane, Washington NAPITALIZATION, As of Mar. 1, 1930 Par Value Authorized 1. 79% Cum. Preferred Stock............. $100 100,000 shs 2. Common Stock ..... __..... NoPar 200.000 shs PREFERRED STOCK oresent property without the consent >f holders of 75% of the outstanding referred stock. (4) Stock in addition ‘0 this issue may not be issued unless iret earnings applicable to dividends for past calendar year shall have been 3 ‘imes requirements on stock outstandme and proposed to be issued. (5) i. 7% CUMULATIVE Provisions: (1) Preferred as to divijends and as to assets in liquidation ip to $110. (2) Company covenants to maintain at all times net quick assets aqual to not less than 125%, and net -angible assets equal to not less than 200%, of Preferred stock outstanding. (3) No mortgage mav be ziven on the INDUSTRIALS _ Dividends on preferred must be paid or set aside for one year in advance before any dividends may be paid on the Common stock. (6) No other stock may be issued having priority or preference to this issue. Callable: As a whole or in part at 110 and accrued dividend on 60 days’ notice. Sinking Fund: Annual fund provided to purchase at least 39% of greatest amount outstanding (11,615 shares had been retired Dec. 31, 1929). Voting Pewer: Elects majority ot the board of directors in event that three quarterly dividends have not been paid. Otherwise non-voting. Tax Status: Company pays normal Federal income tax up to 29%. Dividends: 79 per annum, payable quarterly, Jan.,, Apr., July, Oct. 1: paid regularly since date of issue in 1921. Transfer Agent: Company's office. Number of Stockholders: April 12. 1930, 352. 2. COMMON STOCK Voting Power: Sole voting power, July 1, 1929; Jan. 2 and July 1, 1930. axcept as stated under Preferred. Transfer Agent: Company's office. Number of Stockholders: Apr. 12 1930, 1,052. Listed on: Seattle Stock Exchange June 3, 1930. SHEET, As of ASSETS-CASN eee Marketable Securities ............._.. eememeeeraeee—————-Accounts and Notes Receivable... ........oiiiomnioenennn.. Due from Stockholders, etc. ..coeeeeeeeeeoeo. eeemeememneesemneenneeen Due from Affiliated Companies... eee Grain Advances ... AR EEE AE San sib em mu mn mn [Inventories [ 1,328,623 327,847 3,497,201 122,410 311,805 160,842 6.788.126 Total Current Assets. Affiliated Companies ...... EASA A A rin Fm apm mg AES” SARS SA AAs Due on Property Sold... ooo Employees’ ReSIdeNCeS ooo eee . Stocks and BONA S ooo eee eee eee Insurance DePoOSIts ooo StOCKhOlAers' NOLES ceiioi ieee eee Deferred CRATEeS iii eee eee eee eee Plants and Equipment... eetmermeaam——n———-Patents and Trade Marks... TOTAL ASSETS ......... LIABILITIES — Notes and Acceptances Pavable....._...... Accounts Payable ..............__..._.. Property and Income Taxes........... Dividends Payable .... amen 2,..6,854 986,057 142,179 67,825 109,136 58,003 297,296 305,110 1,950,747 errrerrereeeeennes 2,200,000 1,598,623 ,182,576 395,112 481.129 Total Current Liabilities........ Purchase Money Obligations. ee Albers Bros. BONAS. eee eee Contingency and Insurance ReServes cco Minority Interest in SUDSIATATI®S eee Preferred Stock .......... EEE ha EAS EA A Rn mr meni SS Common Stock ..._.__. Surplus 4,657,440 365,879 277,000 600,270 919,493 n25,600 27,250 £90 9275 398 828 207 TOTAT, LIARTILT. ) ~UNDED DER™. As of Dec. 31, 1929 Dated Due Authorized Outstanding 1-1-2% 1-1-4 $1,500,000 $1,277,000 $55,000 each; 1943, $60,000; 1944, $65,-000; 1945, $70,000: 1946, $75,000: 1947. $80,000. Tax Status: Tax free against Calif. pers. prop. tax 4 mills and Federal inrome tax, 2%. Security: First mortgage on real :state and equipment of Albers Bros. Milling Co. Offered by: Wm. N. Staats & Co.. [Los Angeles. 1928 at 100 Albers Bros. Milling Ist Mtg, Gold Bongs.........._..__..._ A Interest Payable: Jan. and July a, at Trustee's office. Trustee: Security-First Nat. Trust Savings Bank, Los Angeles. Registerable: As to principal. Denominations: $500 and $1,000. Callable: On any interest date at 102, on 30 days’ notice. Sinking Fund: May 1 each year, 1929-31, $30,000 each; 1932-34, $35,000 each; 1935-36, $40,000 each; 1937-38, $45,000 ach: 1939-40. $50.000 each: 1941-42, 326 THOMSON'S MANUAL CARMAN MANUFACTURING COMPANY GENERAL OFFICE: Tacoma, Wash. BRANCH OFFICES: Seattle and Spokane, Wash.; Portland, Ore. HISTORY: Incorporated under laws of Washington, 1891. Business established in 1889. ’ RUSINESS: Manufactures furniture, iron beds, bed springs and mattresses. PROPERTY: Operates four factories located at Tacoma, Seattle and Spokane, Wash., and Portland, Ore. DFFICERS AND DIRECTORS: J. L. Carman, Pres. and Treas.; H. E. Pickel, Vice ores.; J. W. Tibbits, Sec’y. SENERAL AUDITORS: Peat, Marwich, Mitchell & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in Jan. Par Value Authorized Outstanding Common Stock .......... wrsneeene 3300 $1,000,000 $1,000,000 Details: Very closely held—5 stock- Dividends: Paid 10% in 1927 and nolders Dec. 31, 1929. 1928. COMPARATIVE BALANCE SHEET, As of Dec. 31 1929 1928 212,198 $ 211,934 ‘82,200 183,200 24,656 154,878 5,827 8,348 200 000 350.000 Property Account oii rmeeeneeand INVESTMENTS cooeercicet creer cree oie Due from Employees aes Prepaid Expenses .....coocceeeeoe. Notes Receivable oie. Current Assets: CASH oe evmaccen enn ee esac sm reemammenme so nnenas Notes and Accounts Receivable........... Life Insurance, cash value... Inventories ...... 1927 392,454 249,074 172,299 10,782 3.625 “25 95 nE 28,475 170,308 18,751 297 997 5,854 193,891 S94 468 Total Current Assets. ..ooomieeen ® TOTAL ASSETS ooeoeeeeeceeeeeeneeeeeeeeeemeee 9 1,250.6 € LIABILITIES Capital Stock .... eeereenne-$1,000,000 Current Liabilities" Notes Payable ... . erm aenanaas Accounts Payable iii Accruals eee... meee SN Tax Reserve .......... Total Current Liabilities _..._. 715,631 -£3.891 5 734.213 $1.562.447 7.000,000 190.137 51,000,000 296.512 17Q9 228,133 77,129 17,672 3,001 3 325.935 $1,562,447 408,278 2.3:1 £123.65 TOTAL LIABILITIES ...cccceeeeeel Net Working Capital oomiaimeeeeees Ratio, Cur. Assets to Cur. Liabilities... Book Value Common ShareS..c..... aceccccceeees oa 197 . CARSTENS PACKING COMPANY GENERAL OFFICE: Tacoma, Wash, HISTORY: Incorporated under laws of Maine, Feb. 22, 1904 BUSINESS: Meat packing and allied products, distributed under “T. C.” brand. PROPERTY: Packing plants and yards located at Tacoma, Seattle and Spokane, Wash. Operates markets in 24 cities in Pacific Northwest. DFFICERS: Thomas Carstens, Pres.: Henry Wolff, Vice Pres.: R. E. Pirie. Sec'v and Treas.: E. L. Phipps, Supt.; W. H. Wells, Asst. Gen. Mgr. DIRECTORS: Thomas Carstens, Henry Wolff, Blake Wilson. GENERAL AUDITORS: Smith, Robertson & Co., Seattle. Fiscal Year Ends: Sept. 30. Annual Meeting: In Feb. Number of Employees: Dec. 31, 1929. 600. CAPITALIZATION, As of Dec. 31, 1829 Par Value Authorized 7% Cum. Preferred Stock............ 3100 $500,000 Common Stock Co .._B100 $1.000.000 Qutstanding $183,200 1 000.000 {. ) INDUSTRIALS $27 1. 7% CUMULATIVE PREFERRED STOCK Provisions: Has preference as to as- Dividends: Regular dividends paid sets and 79% cumulative dividends. quarterly, March 31, etc. No Sinking Fund. Transfer Agent: Bank of California, Callable: On any dividend date at N. A. San Francisco, Calif. 102% on 40 days’ notice. Registrar: At company's office 2. COMMON STOCK Dividends: None paid since 1914. N. A.,, San Francisco, Calif. Transfer Agent: Bank of California, Registrar: At company's office. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 1,274,145 373 817 “27.95% 191 N2S Gross Sales ......... eee emeemmememeteteteoecaneenseeneean Cost of Sales ...ooceeooo... ee emmeeeeemesaeteeeecesasmneennennans Selling and General Expense... co... oiiiociaaaanans Operating Losses a Net Earnings ........ Other Income ... Total Income .... Ce a means Depreciation o.oo ie BRS Ta [nterest, Amortization, Taxes, ete. ..oooeimeemeaaaneennn. Net Income ............. Preferred Dividends ..... Surplus for the vear COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Sept. 30 ASSETS— 29 1928 Plant, Equipment 661,786 $1,295,907 SECUTILI®S coi eee eee eee eee ee 28,025 16,975 Other INVesStMeNnts «o.oo... eee 111.463 Misc. Accounts Receivable... Cash _.......... RRR REAM mms ements Livestock ........ reeeeeeemeeeeeaten sae mnon aan INVENtOTIeS oo eee Accounts and Notes Receivable... Other ASSetS oii eee Luzerne Trust ACCOUNT ......oooiiii iii Due from Stockholders... Deferred Assets 100.204 136,826 173,714 356,144 083,868 "64,175 18,656 "2,092 16.030 213,450 551,789 1,360,118 1,033,334 53.339 2,045 .5.437 59 051 TOTAL, ASSE™ 032.908 LIABILITIE Preferred Stock Common Stock Funded Debt ..... Real Estate Mor er Taxes and Intere.-t [Bills Payable ...... Accounts Payable _. S1uuronlus coemcaaaaad 183.200 000,000 500,000 ‘26,342 4,906 * 209 37 168,800 000,000 £10,000 ©,781 58 0 ee. JR, Aceryed 4 TOTAL LiIA=LIi.ITIR "TTWTMIED DEBT, As of Sept. 30, 1729 Rate Dated Due Authorized Outstanding 6% 8-1-2 1927-4" $750,000 $600,000 proceeds of sale of mortgaged property are callable at par. Tax Status: Company pays normal Federal income tax up to 29%. Security: A joint and several obligation of the company and Thomas Carstens, Pres, and secured by first mortgage on land, buildings and equipment of company. Offered by: First Securities Corp. nd Merchants Trust Co. St. Paul: WVells-Dickey Co., Minneapolis, and lsumbermen’s Trust Co., Portland, Ore., October, 1926. to vield 5.509 to 6.2509. ay "ns First (Closed) Mortgag. Serial Gold Bonds........._...... Interest Payable: Feb. and Aug. 1, at Equitable Trust Co., Portland, Ore. Principal Payable: $50,000 Aug. 1 of each year, 1927 to 1941, incl, at Trustree's office. Trustee: Equitable Trust Co., Porttand; Robert Emery Smith, co-trustee, Portland, Ore. Registerable: As to principal. Denominations: Coupon $100, $500, $1,000. Callable: On any interest date in ‘nverse order on 30 days’ notice at 102%. except that bonds called from 128 THOMSON'S MANUAL CRESCENT LOGGING COMPANY GENERAL OFFICE: 206 First Nat. Bank Bldg., Everett, Wash. HISTORY: Incorporated under Washington laws Aug. 20, 1923. BUSINESS: Company owns timber lands and conducts logging operations in Jlallam County, Wash. OFFICERS: Joseph Irving, Pres.; R. D. Merrill, Vice Pres.; T. Jerome, Sec'y.; Petrus Pearson, Mgr.; W. E. Boeing, Trustee; W. J. Chisholm, Trustee. CAPITALIZATION: - Par Value Authorized Outstanding Common Stock .... -..No Par 10.000 shs 4,000 shs INCOME S™AMTDMENT, Year Ending Dec. 31, 1929 eee eeeenammmnnenenssenenneeenee $380,681 reeeronecneneeeenee 1,273,248 1,653,929 ceed 172,943 eeevinnnn 19,893 3 192.836 Net Earnings . DLHEr IRCOTNE .ccmsreimmmminimmsinmmissenmansens Total Income ...... BALANCE SHEET, As of Mar. 17, 1930 ASSETS LIABILITIES Accounts Payable .... 30,557 Notes Payable ...... 275,750 Accrued Interest _. 6,654 rade Acceptances 50,000 Accrued Taxes .... 15,201 song-term Notes .05,716 Mortgage Bonds 500,000 Japital Stock ........... .50,000 Surplus coececcemceees 341.580 TOTAL LIABILITIES ............» 1.375.442 FUNDED DEBT, As of June 30, 1930 ‘ First Mortgage & Collateral Rate Dated Due Authorized Outstanding Trust Gold Bonds... _...... 6% 5-1-30 1933-35 $650,000 $650,000 interest Payable: May and Nov. 1, spruce, fir and cedar and $1.50 per M at Trustee's office. a” I of n on hemlock, cut from fee timber. Principal Payable: ay of eac Tax Status: Company pays normal year as follows: 1933, $200,000; 1934, : : pany $200,000: 1935, $250,000. Federal Income tax up to 2%. Trustee: Everett Trust & Savings Security: First mortgage on certain Bank, Everett, Wash. timber land located in Clallam County, Sinking Fund: Monthly payments to Wash.,, owned in fee. Bonds are per-Trustee of 75¢ per M on all contract sonally guaranteed by stockholders of timber as cut: $4.00 per M on all company. JASN eee eee Accounts Receivable ........ . Notes Receivable ............. RIT 10) 0] § TCT: J 3tock Subscriptions ......... Stock of Sol Duc Inv ~ Deferred Charges .... Timber and Lands.......... T.ogging Equipment, et. . ...... TOTAL ASSETS ....... ...$1.375.442 CENTENNIAL MILL COMPANY GENERAL OFFICE: Exchange Bldg, Seattle, Wash. BRANCH OFFICE: Spokane, Wash. HISTORY: Incorporated under laws of Washington. 1888. BUSINESS: Flour milling. PROPERTY: Mill at Spokane, warehouse at Seattle. SUBSIDIARIES: Columbia Milling Co., Portland, Ore.; Ritzville Flouring Mills, Ritzville, Wash.; Tacoma Grain Co., Tacoma, Wash.; Washington Grain & Milling Yo., Reardan, Wash.; Seattle Grain Co.. Seattle, Wash.; Wenatchee Milling Co., Wenatchee, Wash. OFFICERS: Moritz Thomsen, Pres.: G. T. Toevs. Vice Pres.: I. P. Baumann, Sec’y.-Treas. DIRECTORS: Moritz Thomsen, L. P. Baumann, Chas. M. Thomsen, H. F. Os--rander, all of Seattle, Wash.; G. I. Toevs and W. J. C. Wakefield, Spokane. Wash.: A. L. Smith, Helena, Mont. Fiscal Year Ends: June 30. Annual Meeting: July 15. Number of Employees: 500. L. 2. 2 CAPITA IZATION, As of June 30, 1930 Par Value Authorized First Preferred StocK.ieerneeeeeeeeeeenl ~ Par 60,000 shs Second Preferred StocK....o.ccc.........Noeli'ar 30,000 shs Mammon Stock ~~ _No ar 30.000 shs Outstanding 60,000 shs 30,000 shs 20 000 shs ) SSTKIAL BALANCE 8S" Ag :f June 30, 192% ASSETS— Plant, Real Estate, etc. ..... Stock of other Corporations....... ee it me eememmee—————— oon Due from Subsidiary Companies... coo ieee eee eases Accounts Receivable ......_._.... TERA Bn ms oman Ame rms mA YAR RAS ——————— Bills Receivable ...coocoeeeieenneenn.... ee ames wo RR Advances on Wheat.coooeeee eR EERE ren spa mon em CHUB wumarnsismsmimis cosesassmmmmmasie son oie seo A EEA ens Sete sees ences Merchandise INVeNtOTY eee eee eee eee sundry Supplies ..... Hn Hm mmm AR RA SE ESR Emma Sma te re rem LNEXDITEA JHBUDBICE «croccrinmpmmrirsst susie mmm snibnesonnemmmsermsmessse esses eee eemeeeers Other Prepaid EXDeMS eS. eee eee eee 014,541 752,495 702,765 238,819 “7,886 1,322 1,568 0,653 904 967 944 eeeneneeeenee--34,015,863 TOTAL ASSETS ... LIABILITIES-Capital Stock ..... Bills Payable ............ RRR sm ee ch emeeeeeaans Accounts Payable . eee emeeeeeaea cme tesemeseseesemasmncecasmnmnr earn Reserve for Income Tax... te mmeeeeeseeemeseemseaeeeeemeeenemsameeasonsnomooem eam nemmnemnn aon Accrued Taxes EE ———— Surplus and Undivided Profits............. ESERIES TOTAL LIABILITIES ooo $3,000,000 15,000 27,984 3,246 6,505 963,128 "4 015.863 COAST BREWERIES LIMITED GENERAL OFFICE: Vancouver, B. C. HISTORY: Incorporated under laws of Canada, June 29, 1928, as an amalgamation of four British Columbia breweries. BUSINESS: Company manufactures beer, which is sold largely in British Columbia. SUBSIDIARIES: Owns practically entire outstanding stocks of Westminster Brewery, Ltd., Rainier Brewing Company of Canada, Ltd. Victoria, Phoenix Brewing Company (1920), Ltd., Silver Spring Brewery Company, Ltd. DIRECTORS: Robert Fiddes, George W. Morgan, W. Oliphant Bell, J. E. Wilson. Harry Maynard, H. E. Newton. GENERAL AUDITORS: Price, Waterhouse & Co Fiscal Year Ends: June 30. CAPITALIZATION: Common Shares ................. Dividends: $1.84 per annum, payable quarterly, Feb.,, May, Aug. and Nov. Bonus of 46c paid in 1929. Ll Opinion by: L. G. McPh. No. . Public Offering by: Bronson, Brow. INCOME STATEMENT, Year Ending June 30, 1929 Gross Earnings ....o.ooooeeooooeeoooe Selling, Admin. and General Expense... eel Net Earnings ...... Depreciation .......c................ Provision for Taxes ........ Net Income o.oo Common Dividends and Bonus... Surplus for the a CONE 7 JFATED PAT.ANCR SHEET, As of June 30, 19% ASSET: Al] TPTIRQ 200.91 [Inventories .._.......... Accts. Receivable Mash no Sundry Credito1. Provision for T+ yr a, EO 94,467 02 R18 i Total Curren: Asset 806,074 Property & Equipment. 227,979 Goodwill ......_.. 10,322 Investments ....._.............. 3,640 Deferred Charges a... 20.250 TOTAL ASSETS ————eeaa 9 98 9245 Total Current Lialk iti Deferred Liabilities .. Capital Stock .._. Surnli« £7,285 1,009 699,053 200.918 TOTAL LIABILITir 5 mena» 098,265 Net Working Capital... 61f "#29 Ratio, Cur. Assets to Cur. Liab.....4.5:1 Book Value Common Shares... 310 &f THOMSON’S MANUAL 130 CONTINENTAL COAL COMPANY GENERAL OFFICE: Empire State Bldg. Spokane, Wash. BRANCH OFFICE: 1006 Smith Tower, Seattle, Wash. HISTORY: Incorporated under laws of Washington, Oct. ®8, 1911, for the purpose of the wholesale distribution of coal in the Pacific Northwest. BUSINESS: Company is exclusive sales agent for cight of the largest producing coal mines in the Northwest and distributors for Sheridan, Kleen Burn, Owl Oreek, Crow's Nest and others. Operates Dale Coal Co., Ravensdale, Wash, a oroducing coal mine. Operates 12,000 acres farm land in eastern Washington, raising sheep, cattle and wheat. SUBSIDIARIES: Hawkeye Fuel Co, Spokane, Wash., retailers; Dale Coal Co. Ravensdale, Wash., a producing company; Spokane Feed & Fuel Co, Spokane, Nash retailers; North Pacific Fuel Co, Seattle, a distribution bunker supplying retailers. MANAGEMENT: Jas. S. Ramage, Pres. and Gen. Mgr.; J. I. Springer, Vice Pres.; Lee Thorpe, Sec’y-Treas. DIRECTORS: Jas. S. Ramage, Lee Thorpe, W. G. Ramage, W. H. Shields, Frank T. McCollough, R. J. Martin, W. S. McCrea, John F. Davies, J. M. Richards. all of Spokane, Wash.; J. I. Springer, Seattle, Wash. GENERAL COUNSEL: Hamblen & Gilbert, Spokane, Wash. GENERAL AUDITORS: J. I. Kinman & Co., Spokane, Wash. Fiscal Year Ends: April 30. Annual Meeting: 2nd Tues. in May. Number of Employees, Including Subsidiaries: About 200. CAPITALIZATION, As of April 30, 1930 Par Value Authorized Qutstanding 1. 7% Cum. Preferred Stock............. $100 $500,000 $115,000 2. Common Stock ....... eereeeee $100 $1,000,000 $515,000 1. 7% CUMULATIVE PREFERRED STOCK Provisions: Preferred as to assets, Dividends: 79% per annum, payable $100 share and dividend at the rate of quarterly, Feb. 1, May 1, Aug. 1 and 1% per annum. Dividends are cumula- Nov. 1. rive. Public Offering by: Chester Harvey, Callable: At any time on 60 days’ Van Court & Co., Inc, Spokane, Wash, notice at $105 and accrued dividends June, 1929, in units of 1 share Preup to Apr. 30. 1939. and at $100 there- ferred and 1 share Common. $200 per after. unit. 2. COMMON STOCK Dividends: Since organization in Publie Offering by: Chester Harvey, 1911, the company has paid 89% cash Van Court & Co. Inc. June, 1929, in dividends on Common stock, and from units, 1 share Common and 1 share 1924 to 1929 paid a total of stock divi- Preferred. at $200 per unit. jends of 55%. COMPARATIVE INCOME STATEMENT, Yeprs Ending: April 30 JDUE Gross Earnings .oooomeeeeenenneen 66," 2 $126,162 Other INCOME _.ooiicrecicmimmmceenaaenns = 2 ~%2 36,780 Total Earnings ..ccceoocooeeomeunnees $162,942 Selling and General Expense... 56,758 Net EATrNINES ccecoecceecmmeemmmmmnnaseimmmsesmmnennnsensers “on 106,184 Depreciation, Interest. Taxes. etc. ..ooreern 28.585 Net Profit .oocoeocccomiemnnnn, ce eeeememenamnenaan oz $ 77.599 comm Am my = “LANCE SHEET, A: ASSETS- - 9. . CURSE oooeeeeeeoeeeeeeeee eee eee ee aeammeemnmeemmnecan scene eamnnnanesanee *,745 Bills and Acceptances Receivable... ..... +. 5,654 Accounts Receivable orien ee 138,440 Stock in Subsidiary Co.s =... eee eee 238,760 [Investments ........ emeennan 28.240 Treasury Stock ........... nnn EE .- eeemmennn Land and Buildings. .ccoceocecce icon ioemmeemiaces «+ one 312,306 Farm and other Equipment... ..cociereies 16,006 Patent Rights .... en ———— EEE 10,000 TOTAL ASSETS oii oooeeeeeeeeemneeeneeee=. 51.004.051 LIABILITIES— Notes Payable ........ elena eenneeneeed Accounts Payable ............... nem Real Estate Mortgage. ..oooioon i memmconecenens Reserves ococoeeeeeee ems mmm reeemmormeoenn Preferred Stock ....... FO Common StoCcK .oeomomeeaeeo vt wmnmnnd Surplng and Indiv. Profils. orvencccaaeenes 1928 15,143 130,948 175,980 128.174 126,000 274,199 12.661 2 62.1058 32,786 150,004 73,840 11.428 500,000 95.047 $ 863,105 393,455 3.15:1 *119 TOTAL LIABILITIES .ceeeeccememeemet Net Working Capital... een Ratio, Cur. Assets to Cur. Liabilities _......... Book Value Common shares... rr 1.004,0561 415,459 2.64:1 106 94° neo 4 a *195 22 INDUSTRIALS 331 COLUMBIA RIVER PACKERS ASSOCIATION, INC. GENERAL OFFICE: C. R. P. A, Dock, Astoria, Ore. HISTORY: Incorporated under laws of Oregon, Oct. 24, 1924, to acquire all the assets of a company of same name, founded Jan. 6, 1899, same being a consolidation of 12 Columbia River salmon canneries. Plant of F. C. Barnes Co., Lake Bay, Alaska, was acquired in January, 1929. BUSINESS: Company packs Columbia River and Alaska salmon, distributing its products, under its own registered brands, through brokers and jobbers, throughout the world. One brand, “Eureka Star,” dates back ‘to 1879. In addition to packing chinook salmon, bluebacks, silversides, chums and steelheads, company does extensive business in frozen sturgeon, shad and steelheads and mild cured salmon. PROPERTY: Company owns and operates 6 packing plants at Astoria, Ore. Ellsworth and Eagle Cliff, Wash.; Nushagak, Chignik and Lake Bay, Alaska. At Astoria, company operates cold storage plant with capacity for freezing 20 tons of fish each 24 hours and storage for 2,000 tierces of mild cured fish. Company owns 13 stations on the lower Columbia, equipped for receiving fresh fish. Fishing rights and grounds are owned or controlled under lease. Company owns and operates a fleet of ships and boats to serve its Columbia River and Alaska operations. OFFICERS: W. L.. Thompson, Pres.; E. W. Thompson, Vice Pres; A. H. Whittle, Sec'y.; O. A. Wirkkala, Treas. DIRECTORS: W. L. Thompson, Portland, Ore.; E. W. Thompson, A. H. Whittle, A. O. Wirkkala, J. A. Roman, Jay Bowerman, all of Astoria, Ore. GENERAL AUDITORS: Sawtell, Withington & Jacob, Portland, Ore. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Mon. in Dec. Par Value Authorized Outstanding ..-No Par 80,000 shs 70,160 shs Ex-Dividend Date: Mar, June, Sept. and Dec. 10. Transfer Agent: American Securities Co., San Francisco. Registrar: Security Savings & Trust Co., Portland, Ore; American Trust Co., San Francisco. Listed on: Portland Stock Exchange and San Francisco Curb Exchange. _ Trice Range *1930 1929 1928 Earh o..... : 5 181% 26 LiOW crrisinsiimampmnnsnsnse b 81, 18 *To June 30. Details: In 1928 authorized amount was changed from 20,000 shares, $100 par value, to 80,000 shares, no par value, and stockholders were given four shares of new stock for each old share held. Dividends: On old stock, 1926-28, incl.,, $6 per annum; on new stock, initial dividend 37% cents paid Feb. 15, 1929, and continued quarterly, Mar. June, Sept.,, Dec. 20, at annual rate of $1.50 to date (June 10. 1930). COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1029 Gross Sales Revenue. eS veneral Expense ........................ EER pes Dperating EXDENSE@ ooo 1928 22,785,324 £30989 b ce, 899 Net Earnings ..... Other INCOINE ooo eee eee Total Income ...oooooooooiiiiii Interest and Deductions... n Net Income ............_.... Common Dividends o.oo... Surplus for the year........................ Earned. per share Common stock........... ....... COMPARATIVE BALANCE SHEET As of {. F003 ? °6 Dee. 31 "29 :.995,963 2,920 46,098 58.876 ASSETS— Plants and Equipment..................... Abn S Ebi ne mame nm mms mmm and Treasury Bonds ... meet eeateeniememeeeeeesseesesnooeoeenns Prepayments ............. ERR Deferred Charges ..... Ammann naman Current Assets-BBR coinievmiiiummporen sommes: seesesmr—osoo sana. SEs Et Accounts and Notes Receivable... Inventories oT Advance to Fishermen.............................. Reserve for Interest. Total Current Assets... TOTAL ASSETS .._. e297. pis Ces %.835,454 2,920 49,804 81 727 "? 263 212 781 442 044 . 082 6,089 3 9593 9 we 1 0 52 R92 KOE 332 THOMSON'S MANUAL LIABILITIES— CADILAL BEOCK. covssrnmsssmsssmmsimssnsssnmisnniisinssasosnssmsminibesssmsesmrsemmsrenmsnin§ 2, 344,673 Contracts Payable—Long Term... eee 65,875 Funded Debt cmos eeeeeerevesemnnnnsemeeammnncsnasasamemcnaneseeeeceee 1,112,500 Municipal Assessments o.oo 33.651 Current Liabilities— Accounts Payable eee Contracts Payable oo iiiiriceee eee i Accrued Payrolls ieee eerste nen TAX RESEIVE eimai Pe Accrued Interest ...... Total Current Liabilities ...c..ooocoiviiarannnnns TOTAL LIABILITIES .... senennmaniniifin mn RRA ERAT, Net Working Capital eee ieee Ratio Cur. Assets to Cur. Liabilities...... eeanen $2,475,622 1,162,500 35 438 29,398 62,375 12,743 88,775 25,611 129,201 67,620 22.444 218,902 219,265 975,601 652,842 3.98:1 $3,892,825 723.645 4.3:1 FUNDED DEBT, As of Dec. 31, 1929 First Mortgage Rate Dated Due Authorized Outstanding old Bonds ......... ~ . 7% 10-7-24 1927-39 $1,250,000 $1,112,500 Interest Payable: April and Oct. 1, 2t U. S. Nat. Bank, Portland, Ore. or American Trust Co., Portland, Ore. Principal Payable: Oct. 1, each year; 1927, $40,000; 1928, $45,000; 1929-30, $50,000 each; 1931, $55,000; 1932-33, $60,-000 each; 1934-35, $70,000 each; 1936, $80,000; 1937-38, $85,000 each; 1939, $500,000. Trustee & Registrar: Equitable Trust To., Portland, Ore. Registerable: As to principal. Denominations: $100, $500 and $1,000. Callable: On 30 days’ notice in reverse order at 1021% up to 1929, and 4% less each year thereafter. Tax Status: Company pays normal Federal income tax up to 2%. Security: First closed mortgage on antire property. Net quick assets must Je maintained at not less than $500,000 and in no event may quick assets amount to less than current liabilities. Other Details: Annual dividends on stock are limited to $6.00 per share, saxcept when an equal amount is used 0 call bonds. Offered by: Ralph Schneelock Co, freeman, Smith & Camp Co. and Lumsermen’s Trust, Portland, Ore. Nov. 924, at 100. Listed on: Portland Stock Exchange. Price Range: = *1930 1929 1928 Heh coors een 97 9815 98 LOW wesssimspinssssmusmpopanen 89 89 89 To June 1, 1930. DOMINION TUG & BARGE COMPANY, Limited GENERAL OFFICE: Vancouver, B. C. HISTORY: Incorporated under laws of British Columbia, 1927, acquiring assets »f the B. C. Towage & Lighterage, Ltd., International Towing Co, Ltd., and Old Dominion Tug & Barge Co., Ltd. BUSINESS: Operates general towing and lighterage business in British Columsia waters. PROPERTY: Owns 8 tugs and 20 scows. In 1927 replacement value on entire fleet was placed at $536,000 and sound value at $402,500. . MANAGEMENT: Company is managed by the Pacific (Coyle) Navigation Co., Limited. CAPITALIZATION: Tommon Stock .... Par Value Authorized Outstanding eee $100 $250.000 $233,500 FUNDED DEBT First Mortgage Sinking Rate Dated Due Authorized Outstanding Fund 20-Year Bonds..........cccoeeeeee. 1% 4-1-27 4-1-417 $300.000 $225,000 Interest Payable: Semi-annually, Apr. and Oct. 1, at The Bank of Mon-‘real. Trustee: Royal Trust Co., Vancourer, B. C. Registerable: As to principal (counn bonds). Denominations: $1,000 and $500. Callable: As a whole or in part on any interest date on 60 days’ notice, nt 105 and accrued interest. INDUSTRIALS ~ EVANS, COLEMAN & GILLEY BROTHERS, Ltd. GENERAL OFFICE: Vancouver, B. C. HISTORY: Incorporated under laws of Canada to acquire all the outstanding capital stock of Evans, Coleman & Evans, Ltd, of Vancouver and Gilley Bros, Ltd., of New Westminster, B. C. BUSINESS: A holding company whose constituent companies operate a general shipping, importing and exporting business. Trading in cement, coal, plaster, brick, tile, canned salmon, reinforcing steel, steel plates, steel rails, sand, gravel, crushed rock, grain bags, cannery, logging and mill supplies, etc. PROPERTY: Owns and operates wharves on property leased from the Canadian Pacific Ry. Co. in Vancouver and New Westminster. Lease provides for acquisition by lessors of the structure at expiration of lease at the replacement value less depreciation. [n 1927, fixed assets were valued at $704,308 and net total assets at $1,625,493. OFFICERS: Sir Frank S. Barnard, K. C. M. G.,, Pres.; Gordon Ferrell, 1st Vice Pres.; G. E. Gilley, 2nd Vice Pres. DIRECTORS: Sir Frank S. Barnard, Gordon Farrell, G. E. Gilley, G. H. Barnard. E. E. Evans, R. P. Butchart, P. W. Evans, H. A. Ross. Fiscal Year Ends: Sept. 30. CAPITALIZATION: 1. 61% 9% Cum. 1st Pref. Stock. 2. 6%% Cum. 2nd Pref. Stock.. 3. Common Stock i. 6¥%% CUMULATI: Provisions: Fully paid and non-assessable. Preferred as to dividends and assets. Entitled to 6% 9% cumulative cash dividends. No other securities ranking in priority may be issued without consent of 2-3 of outstanding First Preferred shares. Callable: In whole or in part at $105 and accrued dividends on 60 days’ no-Lice. Voting Power: Has one vote per ~ Value 0 0 Authorized $900,000 $500,000 100.000 shs Outstanding $900,000 $500,000 70.000 shs FIRST PREFERRED STOCK share if 4 successive quarterly dividends in default. Dividends: Payable quarterly at rate of 61% % per annum. Transfer Agent and Registrar: Royal Trust Co., Vancouver, B. C. Legal Opinion by: Davis, Pugh, Davis, Hossie, Ralston & Lett for Company; E. C. Mayers for Underwriters. Public Offering by: A. E. Ames & Lon Vancouver, B. C.. Sept. 1927, at rd ELECTRICAL PRODUCTS CORPORATION OF WASHINGTON GENERAL OFFICE: 1000 Virginia Street, Seattle, Wash. BRANCH OFFICES: Spokane and Tacoma, Wash.; Great Falls, Mont. HISTORY: Incorporated under laws of Washington, April 7, 1927. Started manufacturing Sept. 21, 1927. BUSINESS: Company holds exclusive franchise covering states of Washington, Idaho and Montana for manufacture and sale of Claude Illumination and Electrical Advertising, particularly Neon and other rare gas tubing, manufactured under the patents of Georges Claude. Practically all signs and illumination are put out on leases extending 36 or 60 months. Company has sub-licensed state of Montana to Electrical Products Corp. of Montana. PLANTS & EQUIPMENT: Company leases two especially built buildings in Seattle, covering half a city block, fully equipped with modern machinery, sheet metal plant, glass working plant, painting plant, electrical wiring and all functions entering into manufacture of its products . Also office building and store room, with art department and display rooms. Also plant in Spokane with gasmaking and pumping plant. SUBSIDIARIES: Company owns 70% of Preferred and Common stock of Electrical Products Corp. of Montana; minority interest in Neon Products of Western Canada Ltd. Claude licensees for British Columbia. Alberta and Saskatchewan. MANAGEMENT: Hamilton C. Rolfe, Pres. Seatt.2; G. KX. Comstock, Vv... Pres. and Managing Director, Seattle; R. F. Ingold, Vice Pres. Los Angeler: Andrew Steers, Treas., Seattle; P. D. Macbride, Sec'y., Seat Directors: Hamilton C. Rolfe,- G. K. Comstock, .¢. ¥. Ingold, Andrew Steers, P. D. Macbride, Joshua Green, of Seattle, Wash.; W. I. Jeffries, Alton E. Allen and Paul D. Howse, of Los Angeles, Calif. GENERAL COUNSEL: P. D. Macbride. PATENT COUNSEL: G. Wright Arnold. GENERAL AUDITORS: Jarvis, Moore & Co. and Ernst & Ernst. Fiscal Year Ends: June 30. Annual Meeting: 3rd Tues. in June. Number of Emplovees: Approximately 90. THOMSON'S MANUAL CAPITALIZATION: Par Value Common Steek ...... ..._.... _...No Par . Authorized Outstanding 100,000 shs 100,000 shs Details: On Jan. 15, 1929, authorized Trust Co., Seattle, Wash.; T.os Angeles Tommon stock was increased from 10,- Investment Trust Co., Los Angeles, 000 shares of no par value to 100,000 Calif. shares, of no par value. Stockholders Registrars: Peoples First Avenue were given 10 new shares for each old Bank, Seattle, Wash.; Metropolitan share. On June 21, 1929, stockholders Trust Co. Los Angeles, Calif were offered rights to purchase 1 new offered by: The Company Lat share for each 3 hala gt $21. stock issued to stockholders, under Preferred stock in the amount of rights on June 21, 1929, at $21. 2,000 shares was retired July 1, 1929, Number of Stockholders: Approxiat $110. mately 550. Dividends: On Preferred, 7% per an- Listed on: Seattle Stock Exchange. num from July 1, 1928, until retired, Traded in on Los Angeles Curb and July 1, 1929. On Common, $1 per share 3an Francisco Curb. paid July 15, 1929. Aad . rice Range: *1930 1929 Ex-Dividend Date: 10 days prior to High .... . 18 33 sayment date. LiOW eee ene 111% 12 Transfer Agents: Peoples Bank & *To May 31. FUNDED DEBT: None. 69% Secured Gold Notes in amount of $200,000 retired July 1. 1929, at premium of 1%. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929. 391,001 251,462 29,539 f,856 1928 $ 143,776 84,228 $ 59,647 15,328 Gross Revenue ........ccoooeeaes Dperating Expense ................ Net Earnings o.coceeccccceees comemmnns Other INCOME oo eeieeiciceecian can emn Total INCOME eieccininneee = = [nterest. Amortization, etc. occa. £,395 29 8217 5 74,875 12,807 } 62,068 12,873 199 NEE TI COINIE coeooencacceccaeacanneeasamnnrmocnemmamsansann mmnammazmes + aosss = Proceeds of Sale of 25,000 Shares No Par Stock............ Preferred Dividends ......... ran smmn smn om SEER [TRCOINE TAX oooooeeoececaaeaeomeamsmmmnsasmasnascecasesesmcanmmsmnanns imccsmassssssascss Common Dividends ooooiiecioiiiianeaaann cB Surplus for the yvear........coeel 3,568 00,000 6.832 oan 252.697 48.996 Surplus at December 31. iene Number Common Shares Outstanding.............. marned, per share Common stock. iiciiiiniiinans COMPARATIVE CONDENSED BALANCE SHEET, As Dec. 31, 1929 eae 11,053 eee mere aaa 63,261 20.659 604,943 100,000 25 58 3 52,246 7,500 $6.53 of June 30, 1929 $ 365,870 51,928 24.822 Cash aoeeeeiceceee, Inventories ...cocceoioceeoeaoee. Accounts Receivable ...... Total CUTTENT ASSES oo ooooreiccaaeoaa ie a —oomeeaoriesammeaemmeesnssmassneec ® 94,974 Signs out on Rental. os 363,710 Securities Owned ......_..... re SE ——ne wanna an SER Sw 84,503 TK OA ASSES eee eee cemcaenammememaemceeneecmememsesamssenaiessmeessassaens 36,5667 Deferred Charges, 10. oo eecececccemmasmmmemezmazeaesoassmnmeesanaanns 14,110 TOTAL ASSETS coos ooo eeeeemeeeeeemeecnannammesesmcennermansnreoeeee$ 793.864 $ 442,560 182,871 11,347 31,402 9.949 ee 09782 129 LIABILITIES— Notes and Accounts Pavable eee eaeenenenenneeee $144,410 Rental Deposits —imcmmaneeea. ee eee eaannn 11,511 Nther Current Liabilities eens 1.999 8 329,484 38,134 15.289 Total Current Liabilities... aaeieeee ...$ 187,921 Sapital Stock cence SSG rms vm EE 1,000 QUITDIUS ceumemaoooomnmmameoncasscmcss —immesss Ssesesmseosissmmssessssssessassosesecsessssss 604.943 TOTAL, LIABILITIES eae amas omen 5 382,907 84,500 510.722 @ 978 1929 (NDUSTRIAL. hy - EXETER OIL COMPANY GENERAL OFFICE: 1001 Board of Trade Bldg., Los Angeles, Calif. BRANCH OFFICES: Skinner Bldg. Seattle, Wash. HISTORY: Incorporated under laws of Delaware, May 16, 1926, to acquire the business and assets of a co-partnership and engage in the petroleum business as a producing company in southern California. BUSINESS: Produces approximately 2,100 barrels of crude oil daily. PROPERTY: Company owns and leases over 1,200 acres of proven, semi-proven and potential oil lands in southern California, including acreage in the Signal Hill, Torrence, Carpenteria, Sespe, Santa Barbara, Belridge, Buttonwillow and Semi-Tropic areas. Deals are pending for further acaquisition of properties in Signal Hill. OFFICERS & DIRECTORS: CC. J. von Bibra, Pres.; W. R. Cowan, Vice Pres.; Wm. A. Kirk, Sec'y.; Earle F. Demond, Treas.; Marshall R. Simon, Director. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Mon. in Feb. CAPITALIZATION, Ax of Dec. 31, 1929 Par Value Authorized Outstanding 1 $1,000,000 759,900 shs yl $1,000.000 50,000 shs I. CLASS A STOCK Provisions: Entitled to 19% monthly Transfer Agent: Company's office. until aggregate of 100% has been paid. Registrar: Farmers & Merchants Thereafter Class A and Class B par- ational Bank of Los Angeles. ticipate share and share alike. Public Offering by: CC. C. Streeter Voting Power: Non-voting. & Co. Los Angeles, and John A. Kutz Dividends: 19% dividends paid month- & Co., Seattle. iy until such time as 1009 has been Listed on: Seattle Curg Exchange paid, when Class A and Class B par- and Los Angeles Curb Exchange. ticipate equally. Initial 19 dividend Price Range: 1929, high, $2.50; low. paid Aug. 1, 1926; monthly thereafter. $1.30. 2, CLASS B STOCK Voting Power: Sole voting power. Dividends: None to Dec. 31, 1929. cov LTIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 ASSET: 1929 1928 Properties rmemrcieeenneneeeeeen- $31,154,999 347,639 Cash eee eee ee ee erm —aaeans ees 38,659 Notes and Accounts Receivable mia, a 189,793 Inventories .................._ SRA EE Ha SHER HE Sime me ma ma = 9,801 Marketing Facilities ... ooo 00,000 Prepaid Taxes, INSUrance, eC. ooo. 12,5660 Deferred CRATEES oe eee eee eee f.611 TOTAL ASSETS » 1. 47¢ L$ 05.063 LIABILITIFE Class A Stock... Class B Stock.....oo.oceeece. a — Notes and Accounts Payable... Purchase Money Obligations. o.oo... Reserves ........oooooeeeeeeeee. EE BER SRR ii mm Accrued Liabilities w............__... eee tee eaem ee eeeeaeae meee aeeann Stock Subscriptions oo... Surplus ........._ E——— A ————————— TOTAIL LIJIABILITIER : 759.900 50,000 “04 , 60 LGC 189,150 50,000 72,349 74,282 3.411 © 367 "90 LY, FISHER FLOURING MILLS COMPA GENERAL OFFICE: Seattle, Wash. BRANCH OFFICES: Tacoma and Bellingham, Wash.; Portland, Ore.; San Francisco, Calif. HISTORY: Incorporated under laws of Washington, April 4, 1910. BUSINESS: Manufactures flour and feeds of all kinds. Owns trade name “Fisher's Blend Flour.” PRODUCTION: (In bbls. of 196 lbs.) For fiscal years: 1922, 963,444; 1923. 1,134.-185; 1924, 1,229,173; 1925, 868.610; 1926, 1,071,280; 1927, 1.040.095; 1928. 1,329.741. PROPERTY: Company owns property on West Waterway, Harbor Island, Seattle, including a flour mill with a daily capacity of approximately 6,000 bbls. of flour and 600 tons of feed, concrete elevators, with a capacity of approximately 1,000,000 bushels. docks and warehouses. with storage capacity of about 50.000 tons. ras 323, THOMSON'S MANUAL AFFILIATED COMPANIES: Gallatin Valley Milling Co., owns and operates about 30 elevators in Montana, together with a 300-barrel flour mill at Belgrade, Mont. White-Dulany Co., also affiliated, operates elevators and has buying agencies in Washington, Idaho and Oregon, through which it buys wheat used by Fisher Flouring Mills Co. DFFICERS: O.D. Fisher, Pres. and Gen. Mgr.; W. P., Fisher, 1st Vice Pres.; M. A. Arnold, Vice Pres.; D. R. Fisher, Vice Pres.; O. W. Fisher, Treas.; W. S. Allen, Sec'y.; J. M. Marrow, Asst. Treas.; J. L. Locke, Purch. Agt. DIRECTORS: O. D. Fisher, M. A. Arnold, D. R. Fisher, L. C. Henry, W. S. Allen, R. B. White, G. W. Dulany, Jr., Will P. Fisher, O. W. Fisher. Fiscal Year Ends: July 31. Annual Meeting: 4th Wed. in Aug. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized 7% Cum. Preferred Stock............... $100 $3,000,000 Common Stock .... wave, «+ 3300 $3,000.000 Outstanding $1,426,900 $2.107.600 i. 7% CUMULATIVE Provisions: Has preference as to 7% cumulative dividends and as to assets, mn liquidation, entitled to 107 and accrued dividends. No mortgage (except purchase money mortgages) may be created without consent of two-thirds of Preferred and no Preferred having priority may be issued unless (a) net assets equal 200% and net quick assets 125% of Preferred outstanding and to be issued, (b) net earnings for fiscal year preceding equal twice annual dividends outstanding and to be issued. Company must main-PREFERRED STOCK tain net assets equal to $100 per share and no dividend can be paid on Common which would impair these ratios. Callable: At 107 and accrued diviiends on 60 days’ notice. Voting Power: Has no voting power unless four quarterly dividends are in arrears, when it has full voting power. Dividends: Regular dividends paid quarterly, Jan., Apr. July, Oct. 1. Transfer Agent and Registrar: The Company. Public Offering by: Bond & Goodwin, Nov., 1919, at 100. 2. COMMON STOCK Details: Increased from $400,000 to 1924; 8%, 1925, 3% in 1926 and 1927; 6% 51,000,000 in 1911; to $1,200,000 in 1917, i, 1928 and to $3,000,000 in 1921. : : . Dividends: 9% paid in 1919 and 1920; Transfer Agent and Registrar: The none in 1921; 89%, 1922; 49%, 1923; 29%, Company. COMPARATIVE INCOME STATEMENT, Years Ending July 31 1929 1928 .$491,7° $439,944 mE. qe 244 1927 $361,651 51,709 $309,942 100,396 63,198 $146,348 $26.64 9.95 Net INCOME oem Federal Taxes .......... Balance Preferred Dividends ...... . Common Dividends ... ooo 126.4586 Surplus for the Year. cece occeeeeeeaed 50,284 14,024 Farned, per share Preferred stock.........cccccceeeee. $30.36 $26.18 Tarned. per share Common stocK......o.cooooemoe.e 15.06 12.97 COMPARATIVE BALANCE & "TET, As of July 31 1928 579,586 228,864 “56.940 ASSETS— TABI oer mevmpmmrmrmomeenm mr pm——— ie ni 5 Notes and Accounts Receivable... [nventories ....... 1927 3 530,151 1,209,066 1.060.136 Total Current Assets............... Plant and Equipment... Miscellaneous Assets .... TOTAL ASSETS LIABILITIES— Notes Payable .............. Accounts Pavable _.__ . _...... in $2,799,352 2.046.033 375.648 $5 291.033 Cc ogr ‘b 35 298.5585 an ere 200,000 2K 92a0 5 250,000 95 746 Total Current Liahilities Preferred Stock ......... Common Stock eee Reserves ... amas eet ate aam—————— Surplus 26 0 20 275,746 ,48%,400 106,600 107,346 .298 941 $5,221,033 2,523,606 9.9:1 $162.17 J £9 L,v00 1 pec Tc sd vw 0 CR TOTAL LIABILIT Net Working Capital. oo iiiiaeaneae = Ratio, Cur. Assets to Cur. Liabilities........ i Book Value Common Shares... 3182.60 h. € dy l & c £ T% 319 INDUSTRIALS FOSTER AND KLEISER COMPANY GENERAL OFFICE: 1675 Eddy St. San Francisco, Calif. BRANCH OFFICES: Portland, Medford, Ore.; Seattle and Tacoma, Wash: Los Angeles, Oakland, San Diego, Long Beach, Sacramento and Fresno, Calif.; New York City. HISTORY: Incorporated under laws of Nevada, Feb. 8, 1916, to succeed Foster & Kleiser, Inc., established in Seattle Jan. 1, 1902, and Foster & Kleiser Co. of California, established March 18, 1915. BUSINESS: Engaged in the outdoor advertising business. PROPERTY: Owns and operates modern outdoor advertising plants and facilities in more than 600 cities and towns in the states of Oregon, Washington, California and Arizona. OFFICERS: Geo. W. Kleiser, Pres.; W. F. Foster, Vice Pres.; Sec. and Gen. Mgr.; Albert Mortenson, Treas. DIRECTORS: G. W. Kleiser, W. F. Foster, A. F. Lausen, J. GENERAL AUDITORS: McLaren, Goode & Co. Fiscal Year Ends: March 31. Annual Meeting: 1st Mon. iu Number of Employees: 1,060. CAPITALIZATION, As of March 31, 1930 Par Value Authorized Outstanding Pref. 7% Cum. S 100 $2,000,000 $1,429,600 Common Stock ... $10 $8,000,000 $6,085,750 On Dec. 31, 1929, 1,000 sreres cf Preferred stock were redeemed and on Mar. 30. 1930, company held for redemption $170,400. l. PREFERRED 7% CUMULATIVE STOCK Provisions: No bonds, debentures or unsecured notes maturing more than siX months may be issued, nor any prior or equal Preferred stock be authorized, nor may any additional mortgage indebtedness, except purchase price mortgages, be placed on property without the written consent of holders of at least 75% of Preferred stock outstanding. Preferred stock has preference to assets as well as dividends and company must maintain net tangible assets of not less than 225% and net current assets of not less than 150% of the par value of the Preferred stock putstanding. chase of Preferred stock in the open market, or to its redemption by lot; after 1925 the company will devote the entire 5% to the purchase or call of Preferred stock. Voting Power: No vote except in the vent of default in the payment of a quarterly dividend or in default of any other provision, when it assumes equal voting power with the Common. Dividends: 79% per annum paid quar-‘erly, Jan., Apr.,, July and Oct. 1 since issued. . Transfer Agent: Wells, Fargo Bank & Union Trust Co. San Francisco. Registrar: American Trust Co. San Francisco. Public Offering by: L. B. Manning & Co., Seattle; G. E. Miller & Co., Portland; A. E. Lewis & Co. Los Angeles, and Shingle, Brown & Co., San Francisco, Feb. 1920, at 100. Traded on: San Francisco Curb Exchange. drive Pom 230 1929 1928 “gh 89 100 105 LOW ..... ee TTY 751% 96 * To Callable: At 110 and accrued dividends on any dividend date. Entire issue must be redeemed on or before Feb. 1. 1940 Sinking Fund: As a sinking fund, company agrees to expend for betterments and extensions each year between 1920 and 1925, a sum equal to 5% of the total amount of Preferred stock theretofore at any time outstanding, or devote the difference between the sum 80 expended and 59, to the pure >» COMMON STOCK Nov. 15, since Aug. 15, 1925. Ex-Dividend Date: Feb, May, Aug. and Nov. 1. Transfer Agent: Foster & Kleiser Co., San Francisco. Registrar: Wells, Fargo Bank and Union Trust Co. San Francisco. Listed on: San Francisco and Los Angeles Stock Exchanges, and traded >n New York Curb. Price Range: *1930 1929 1928 1927 1926 High ........ 7% 131% 19 14 131% DOW aan 7 i 113% 13% 11 To Mav 21 Details: Prior to Oct. 31, 1923, the authorized Common stock consisted of 40,000 shares, par value $100, or $4,000.-000, of which $3,164,500 was issued and outstanding. On the above date the par value was reduced to $10 per share and a 509% stock dividend was declared with the result that the stockholders received 15 shares (Par Value $10.00) for each share ($100.00 Par Value) held. At the same time authorized Dommon stock was increased to $8.-Dividends: $1 per share per annum paid quarterlv. Feb., Mav, Aug. and 138 THOMSON'S MANUAL EARNINGS, Fiscal Years Ending March 30 Gross Income Expense Depreciation *7,5649,899 $5,999,296 $112,029 7,819,307 6,181,420 115,512 ,181,227 6,678,128 103,009 3,107,141 6,802,127 99,653 a 7,735,458 5,847,075 103.645 *»*TIVE BALANCE SHEET, As of March 31 930 ‘929 396,516 114,999 861,039 £4,984 278 211 168,178 Year 1926 eens 927. LOZ]... ..ocnnnnnminisinas 1930. eae ASSETSco TABI wnvvensresmmssrssspins Accounts Receivable _..... [nventories .occccceeceen. Total Current Assets........ooooooreceeenaaad Unexp. Contr. less kist. Cost (contra)... Long-term Notes . onmmmmnmen nn SHE [nvestments .occeeecraeennt emeanememmnemaee Ry Plants and Equipment... 3,9. ,406 Deferred Assets ........ . eesman emma Ze”, 8 Leaseholds ... eeeeeeeeee 5,062,610 eeeeeeeraneeee- $16,419,043 ra ie a. oo, «0 ,017,532 “7.103.457 LIABILITIES— Current Liabilities .. enmnne Deferred Liabilities .....ccco..... 3tock Subscriptions oie Preferred Stock ........ emma = . Common Stock ...... Barned Surplus oes Deferred Surplus (contra)............. TOTAL LIABILITIES ....... Net Working Capital ieee Ratio, Cur. Assets to Cur. Liab. ............ Book Value Common sharesS.........cceeoeeeeeoe. Lee.80 After providing for retirement of Preferred at $110. 392,254 186,391 *95,600 “5,600 ETO AEE [a Net Profit $1,445,674 1,522,375 1,400,090 1,205,361 784,738 1928 § 243,039 1,002,031 302,572 3 1,647,643 5,359,417 71,974 57,448 3 889,020 264,362 5,944,786 $17,134,653 440,713 169,141 1,568,300 1,668,300 3,085,750 3,475,080 5,359.417 $17,134,653 1,106,930 3.5:1 $24.60 FULTON PETROLEUM CORPORATION GENERAL OFFICE: Seattle, Wash. HISTORY: Incorporated under laws of Delaware, July, 1929, succeeding Fulton Petroleum Corp. of Montana, organized in 1927. BUSINESS: Company owns and operates oil properties and also holds stock in subsidiary producing companies. PRODUCTION: During fiscal year ending June 30, 1930, company produced 115,-796 bbls. of crude petroleum, which was sold at an average price of $1.88 per bbl PROPERTY: Company owns 940 acres in the Pondera Field, Pondera County, Montana, 8 miles southwest of Conrad and midway between Great Falls and Shelby. On Dec. 31, 1929, a total of 14 producing wells had been brought in, with aggregate average daily production of 400 barrels. Company has driven 8 offset wells and announces intention to sink 60 more wells in proven locations. SUBSIDIARIES: Carbon Dioxice & Chemieal Co. Control of this company was acquired in November, 1929. Property is known as the Farnham Dome, a tract of 4,800 acres, located’ 138 miles southeast of Salt Lake City, Utah, on the D. R. G. & W. Ry. While prospecting for oil on this property in 1921, non-combustible gas was discovered at a depth of 3,086 feet which was reported to be carbon dioxide, 98.3 pure. The well was plugged after failure to discover oil. It is now the program to develop production of carbon dioxide gas commercially for use as “dry ice” for refrigeration purposes. There is said to be a ready market for the product, 90% of the present supply being produced artificially from coke. Pondera Pipe Line: Company owns % interest in this line, which carries crude pil from the Pondera field to rail connections at Conrad, Mont. GENERAL AUDITORS: Geo. V. Whittle & Co., Seattle. Fiseal Year Ends: April 30. Par Value Authorized Qutstanding $1 250.000 shs 250,000 shs Details: Capitalization of original company was $200,000, which was raised without promotion expense. In July, 1929, when the Montana company was jissolved and the present company ‘formed, the capitalization was placed at 250,000 no par shares, 200,000 of which were exchanged for the assets »f the Montana company. Dividends: During fiscal year endng April 30, 1930, company paid 10c yer share on stock outstanding. Price Range: *1930 1929 TIEN. weneevmmrinsssmssssipspeeniommmssmnet 14.00 15.40 TIOW eeeoeeeeeeeeeaenennannnnnenneee 6.TB 3.50 "Ta June 30. "NDUSTRIALS «Q INCOME STATEMENT, Year Ending April 30, 1920 Oil Sales occ... ceeeeeen $218,660 Production Costs ..... veeeeee 90,754 Overhead Expense ..... wenn wus SBTT Net Earnings .... Other Income .... %9 ,600 Total Income ...... Common Dividends ....... Surplus for the year... emer ana ea——nn Earned, per share Common stock.............. eemeee—m———eaaaae COMPARATIVE CONSOLIDATED BALANCE SHEET, As ¢f ASSETS Apr. 30,1930 Jv 21,815 7.800 17,901 3.790 4 Cash ........ . HERE mans Field Accounts _... .. _. ERE P nA mmm SAAS ASR Hn rar Accounts and Notes Receivable... © eemmes emeemaanas Oil Inventory .. eee vy 21,1929 55,509 = I PE Total CUTTent ASSES... iii eee eee Stockholders’ Notes Receivable... SENSEI smfymnvanensnsasenasnson Trustee Account .... tmceeeteeteenenn————— Stocks of other COMPANIES. ....ooiuiuoeeeeeeeeeeeeeeeeeeeee Production Wells and Equipment .........o..oooonomeeo Lands, Leases, Royalties... o.oo Operating Leases ... RR R—————————— Roadway ................ mrs se ARE in A ——————————(———— Deferred ASSeUS ooo iii eee eee TOTAL ASSETS .......... 21.506 2,101 05.348 26,340 88,698 (8,905 52,100 10.631 5,955 15,550 3 539.486 "2,960 807 100 W031 555 +621 823 LIABILITIES — Accounts and Notes Payable... Bank Note ................._. rememeeneenennanans Accrued Liabilities .. eee eee 18,629 0,000 »5,300 “a Total Current Liabilities _...._. Deferred Liabilities ..... Due Stockholders Capital Stock ........ Surplus Paid In........ Surplus Earned ...... TOTAL LIARILITIES a 5 1 L176 “00 ,e 00 7 R61 529 486 494.» 9 FORREST E. GILMORE COMPANY GENERAL OFFICE: Public Service Bldg., Portland, Ore. HISTORY: Incorporated under laws of Delaware, Dec. 31, 1925, taking over patents and business of Forrest E. Gilmore Co. of California. BUSINESS: Engaged in the manufacture of natural gasoline or casinghead gasoline, from natural gas, stabilizing and preparing it for commercial use. PRODUCTION: In 1929 company manufactured 22,924,298 gallons of gasoline and sold 5,473,754,000 cu. ft. of dry gas. PROPERTY: Company's properties, located in Oklahoma and Texas, include 13 extraction plants and leases on gas reserves on approximately 12,000 acres. In 1929, company acquired four plants from the Cushing Oil & Refining Co., at Blackwell, Cushing, St. Louis and Little River, Okla.. for $1,000,000 cash and $250,000 Preferred stock. . SUBSIDIARIES: Company owns all Common stock of Forrest E. Gilmore Co. of Texas, with plants at Mineral Wells and Pampa, Texas, estimated gross value, in 1929, including gas reserves. of $10.642.754. Company owns 75% of stock of Allen Gasoline Co. OFFICERS: Hilmar Papst, Chr. of Bd.; Chester A. Sheppard, Pres.: E. L. Hall, Exec. Vice Pres.; E. D. Ulrich, Vice Pres.; Seth L. Roberts. Sec’'v-Treas.; C. B. Cann, Asst. Sec'y; R. J. Hagan, Asst. Treas. DIRECTORS: Chester A. Sheppard, Attorney, Portland, Ore.; Hilmar Papst, Vice Pres. & Gen Mgr. Portland Gas & Coke Co.; E. L. Hall, Gen. Supt. Portland Gas & Coke Co.: Oscar J. Closset, Gen. Insurance, Portland, Ore.;: E. D. Ulrich, Los Angeles, Calif.;: L. B. Menefee, Pres. L. B. Menefee Lumber Co.; C. B. Bradford, Bradford, Kimball & Co., San Francisco, Calif.; Anthony Brandenthaler, Vice Pres. Federal Securities Co., Portland. Ore.: Seth L. Roberts. Certified Public Accountant, Portland, Ore. GENERAL COUNSEL: McCamant & Thompson, Portland, Ore GENERAL AUDITORS: Haskins & Sells, Portland, Ore. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Thurs. in Feb Number of Emplovees: 150 THOMSON'S MANUAL CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding l. 7% Cum. Preferred Stocka.......... $100 20,000 shs 20,000 shs 2, Common Stock ...... .. rrencsenonsnnn $1 1,500,000 shs 1,361,722 shs 99,780 shares Common stock reserved for Debenture purchase warrants and 19.000 shares for employees. 1. 7% CUMULATIVE PREFERRED STOCK Provisions: Has preference as to as- annually, Jan. and July 10, from date sets and 7% cumulative dividends. of issue to Jan. 10, 1930. Issued for acquisition of properties, Ex~Dividend Date: Dec. and June 31. construction of plants, extension of pipe Transfer Agent: Company's office. ines, working capital, etc. Registrar: U. S. National Bank, Callable: At 110 and accruals on any Portland. jividend date, after 3 years from issue Public Offering by: Federal Securilate. ics Coy Foriland, Ore, June, 1025 at * . , Wi right to purchase shares Tax Status: Company pays normal of Common stock with each share of Federal income tax up to 2%. Preferred at $1 per share. Dividends: Paid regularly semi- Number of Stockholders: 900. 2. COMMON STOCK Subscription Rights: Preferred and Ex-Dividend Date: Last day of the Common stockholders of record Aug. 5, month preceding payment. 1929, had the right to subscribe to $100 . , . sar amount of 6%% sinking fund gold Transfer Agent: Company's office. debenture bonds, with non-detachable Registrar: TU. S. National Bank. stock purchase warrants, for each six Portland. rights given on Preferred and Common . stock held. Each share of Preferred Number of Stockholders: 1,268. stock and each 100 shares of Common Listed on: Traded in on San Franstock was entitled to two rights each. ¢ijgco Curb Exchange. Dividends: Payable quarterly, Jan, Apr., July, Oct. 10. Dec. 31, 1929, ini- Price Range: 1929, high, 3.25; low, lial.dividend of 2%; 1929, 12%. 1.60. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1928 3} 636,814 391,045 29,709 EAN 11:51 1929 >asoline Sales, etc. eee eeresamenennenene- $1,013,421 C0St Of SAIS caeaemaomi eerie mre 622,347 General Expenses ............. eemenenmnnaane ae 41,207 Depreciation oii ennai 117.6%% Operating Profit ....... .. NDther INCOME .omoomecomaiaees eeenn 1927 246,586 176,397 73,556 3 -3,367 17.343 “2,976 7.088 5.888 Total INCOME crv ccirmmrearencceee nterest and other charges ........ Net INCOME ceoomceemmiamcaee Preferred Dividends ccoccoococene cones Yammon Dividends ccccceeomceeereeccacrcase 23.035 16 147 Surplus for the yearoeeeeeeeee. y Number Preferred shares outstanding... Number Common shares outstanding.. Rarned, per share Preferred stock... Earned, per share Common stock... —Deficit. a 15 N, [a 5 COMPARATIVE CONSOLIDATED RALANCE SHEET, As of Dec. 31 ASSETS— Plant and Equipment cc. cccoooieeirmioomasnmmaneaneonnonesnannanaann, FOE LOBE urssessiseseisvsasivenn OS —— Patents and Processes........occccoooo.- se mm————————— EE AREER Lease EXPeNAitures coco. oo crieremvmmmmee ooccceiancrmenasmeeonmananeesnnae Jans DIB oenommmmmpmii ion E CAE AAAS S ENT SE ET Accounts Receivable .... SEER —————————————— [MVENLOTICS coioomeemeremmcescearmancsasmosseensesomnsermmnmmannnes smemssssenessss - Advances to SubsiQiaries.....occeoeooommomcemoiieeeeeenns [nvestments in other companies. ..... cccoecr cereeeene Prepaid EXDENSES .cimeoccsssmoremmsasemasoceeasmnmsesammmrsoon | nnessssesess Organization Expense and Discounto.ooiiraieeaees NDther Assets .... econ pmem———— TOTAL ASSETS oe eeeeeaaaen-"929 2,652,941 3,986,122 003.227 TEE 22 253 874 199 503 ~ 14 1.947 209.809.8606 1928 $1,518,681 3,202,879 994,967 45,677 151,391 57,068 27,606 253,945 7,002 12,253 110,852 2,922 6 285.243 “JDUSTRIA" LIABILITIE Preferred Stock creee ermnmeeeeeeeernnnenes esse cnnecenees $ 2,000,000 Common Stock . rereemseemtnnacesnemesecmnsnasnaceraanceneneees 1,301,722 Funded Debt ... EPRINTS ORAS I {111 7% (3111 Notes Payable .... eeeomeecmeeemmeate snr eenesaasmeeanronannaans 775,426 Accounts Payable ..___.. ll een n,014 Accrued Interest, Taxes, etc. .... RNR RRR ES En man mn 1,201 Dividends Payable .. teem meeeececaeememeneeeesmneeeennnnns eae Depreciation ..... eeeeeeeremeeeemeemeceseereeseanas 3 S1oCKk holders’ ACCOUNLD cumini weimmmmiriietnsivssimmesnanssssntonmmmns Plant Contract Payable...... i aan Capital Surplus .. eee emmectceceeessseceesseseeeesemessennnn Earned Surplus ......... TOTAL LIABILITIES ...... $1,397,400 1,040,450 7,292 ,{94 v,121 7,664 7.729 “27 FUNDED DEBT, As of Dec. 31, 192¢ Five-Year Sinking Fund Rate Dated Due Authorized Gold Debentures ..........................61%% 8-1-29 8-1-34 $1,000,000 Interest Payable: Semi-annually Feb. and Aug. 1 at Trustee's office. Trustee: Bank of California, 1 # Portland, Ore. Registerable: As to principal. Denominations: Coupon, $100, $500, $1,000. Callable: As a whole or in part on any interest date on 30 days’ notice at 105 during the first year and at 1% less each year thereafter. Warrants: Each $100 Debenture carries non-detachable warrant, giving holder the right to purchase 10 shares of Common stock at $2.50 per share to July 31, 1931; $3.50 per share from Aug. 1, 1931, to July 31, 1932; $4.50 per share from Aug. 1, 1932, to July 31, 1933; $5.50 per share from Aug. 1, 1933, to July 31, 1934, good until date fixed for redemption. Rinking Fund: Based on graduated Outstanding $1,000,000 scale of gasoline prices and sales, payable quarterly, beginning April 1, 1930, :0 be used for purchase of bonds at not to exceed redemption price or call by ot. Tax Status: Company pays normal Federal income tax up to 2%. Security: Direct obligation of comrany, but are not secured by mortgage. “ompany covenants that it will not pledge or otherwise encumber any of ts property or assets now owned durng the life of this loan. Purpose: Issued to provide in part for purchase money for requisition of { new plants known as the “Cushing Properties” and adjacent gasoline reserves, for extensions .and for betterments. etc. Offered by: Federal Securities Co., Portland, Ore., Aug., 1929, at 100. with warrants. GORDON & BELYEA, Limited GENERAL OFFICE: Vancouver, B. C. HISTORY: Incorporated under B. C. Companies Act, 1914. Acquired through stock ownership Simson, Balkwill & Co., Ltd. Both companies are now operated under one management. BUSINESS: Sale of mill, mine, railway, waterworks and engineering supplies and ship chandlery and specialties. Company holds several exclusive agencies for these products in British Columbia. PROPERTY: Owns reinforced concrete warehouse located on property leased from Canadian Pacific Ry . Present lease expires in 1934. OFFICERS: L. Laird Gordon, Pres. & Managing Director; J. F. Belyea, Vice Pres. in charge of sales; W. E. Wintemute, Vice Pres. in charge of Purchases. DIRECTORS: L. Liard Gorwon. J. F. Belvea, W. E. Wintemute, J. H. Lawson. Stanley Burke. CAPITALIZATION: I. 7% Cum. 1st Preferred St 2. Class A Common Stock... ? (iass 3 Common Stotk.. I Class CC Common Stoelc Anthorized : on .C 00 000 Dutstanding "275,000 70,000 8,500 “0.000 <b 1 00 i. 7% CUO» . "IVE FIRST PREFERRED Provisions: Preferred as to assets fault continues. and cumulative dividends. Upon vol- Dividends: 79% per annum paid untary or involuntary liquidation, Pre- quarterly, Apr.,, July, Oct. and Jan. 1 ferred to $105 a share and accrued di- to July 1, 1930. vidends. Transfer Agent & Registrar: Royal Callable: As a whole or in part on Trust Company. 30 days’ notice at $105 per share and Public Offering by: Pemberton & accrued dividends. Son, Vancouver, B. C., Jan. 10, 1929, at Voting Pewer: When 6 quarterly $100 and accrued dividend, each share dividends are in arrears, entitled to carrying bonus of 1-5 share of Class elect majority of directors while de- B non-voting Common stock. 2, CLASS A, B AND Provisions: Class A. B and C are entitled to same percentage rate of dividends but Class A and C have sole C COMMON STOCK voting rights. Dividends: July 1, 1929. 29: Jan. 13, 1930. 59, 342 THOMSON'S MANUAL GLADDING., McBEAN & CO. GENERAL OFFICE: 660 Market Street, San Francisco. BRANCH OFFICES: Portland, Seattle, Spokane, Los Angeles, Oakland. HISTORY: Incorporated under laws of California, April 28, 1924, as successor to a business established in 1875. Since 1923, acquired the Tropico Potteries, Inc, Flendale, California; Northern Clay Co., Auburn, Washington; Los Angeles Pressed Brick Co. Los Angeles, California; Denny-Renton Clay & Coal Co. Seattle, Washington; and purchased the American Fire Brick Co., Spokane, Washington, in 1929. BUSINESS: Manufacturing and selling the following products: Terra cotta, Faience tile, vitrified clay sewer pipe, segment blocks, water pipe, rooftile, flue lining, chimney pipe, face brick, enameled brick, floor tile, conduit pipe, hollow zlay tile, fire brick, garden pottery. PLANTS: Located at Lincoln, Los Angeles, Alberhill, Santa Monica and Glenjale, Galits Auburn, Renton and Taylor, Wash.; also Spokane, Wash, and Portland, Ore. OFFICERS: Atholl McBean, Pres.; F. B. Ortman, A. L. Gladding, P. S. MacMichael, W. W. Crocker, L. A. Phillips, E. M, Davids, R. R. Smith, Joshua Green, B. F. Cake, Jas. S. Cole, Vice Presidents; H. B. Potter, Sec’y and Asst. Treas.; Leon G. Levy, Treas. and Asst. Sec'y; Thos. W. Jones, E. M. Dundas, J. B. DeGolyer, Jr. T. C. Stoddard, J. C. Johnston, A. E. Warren Asst. Secretaries and Asst. Treasurers; Emil Rueger, Jr.,, M. F. Johansen, Asst. Secretaries. DIRECTORS: Atholl McBean, San Francisco; F. B. Ortman, Los Angeles; W. M. Alexander, San Francisco; George I. Cochran, Los Angeles; F. E. Keeler, Los Angeles; Arthur C. Parsons, Los Angeles; Lee A. Phillips, L.os Angeles; W. W. Crocker, San Francisco; John S. Drum, San Francisco; K. R. Kingsbury, San Francisco; Willis G. Hunt, Los Angeles; Ralph Hardacre, Los Angeles; 1. Eisner, Los Angeles; Howard Frost, Los Angeles: A. B. C. Dohrmann, San Francisco; Joshua Green, Seattle. GENERAL COUNSEL: Sloss & Ackerman, San Francisco. GENERAL AUDITORS: Haskins & Sells, San Francisco. fiscal Year Ends: Dec. 31. Annual Meeting: Last Wed. in April. CAPITALIZATION: Par Value Authorized Outstanding Common Stock ..... Cee ce-ne-NO Par 500,000 shs 226,982 shs Details: Issued in Jan. 1927, for for- Ex-Dividend Date: Mar., June, Sept. mer no-par shares on basis of 4 new and Dec. 20. shares for each share of the old stock Transfer Agent: Crocker First Fedheld. aral Trust Co., San Francisco. Dividends: Payable quarterly, Jan, Registrar: American Trust Co. San Apr., July and Oct. 1. Paid on old Francisco. stock: 1924, $4.50; 1925, $11.75; 1926, Listed on: Traded in on Los Angeles $13.00; 1927, $4.00. Paid on new stock: ind San Francisco Curb Exchanges. 1927, $2.00; 1928, $3.000; 1929, $2.50 plus Price Range: 1929 1928 lo, stock in April and Oct.; 1930 to HIgh cus ieee YT 71 April, $1.50 vlus 2% stock. LOW... ee moamamennnonneeeenr D3 V4 64 BALANCE SHEF™ As of Dec. 31 929 1928 1927 3,802,914 . 6,762,300 $ 6,957,814 185,004 186,161 183,733 ‘01.238 94.075 87.015 Property, etc. .... ERS ‘nvestments ooo - Deferred Charges «cceaceecrcecacrmamaannnnes Current Assets: Tash and Special DeposSits..o..cocoeccceaannns Accounts and Notes Receivahle en fmventories © nN 386,391 998,193 1,628.293 5 3,012,877 £10 241.439 Total Current Assets. .....ccceoccnnd TOTAL ASSETS oceeieeeenemnnecennmnnaa- $310.6 LIABILITIES-Capital Stock ..... eed 6,416,649 Bonded Debt _............. oe eemmemn————— RR Deferred Liabilities ........ocooooei iii 6,751 SUTrPIUS cooreeemeeercecconeeesssnnneeneeeeennnnnsereeneee 5.186.527 : Current Liabilities: Notes Payable .....cummmmmsmsmsmmmspmmsseseses Accounts Payable een federal Income Tax Reserve................ Other Current Liabilities....... rememnnn Total Current Liabilities... ................ TOTAL LIABILITIES ooo $ Net Working Capital... eens Ratio, Cur. Assets to Cur. Liab. ............ Rook Value Common shares... oeeues = 8 3 6.167,400 9 FQ4 OFF $ 5,886,400 151,000 2 169.893 50,000 396.903 446.902 $10,198,558 2,709,119 I:1 Sqr ET 500,000 541.146 041 146 $10,..7 439 1.971.131 29:1 JUS "1 GENERAL PAINT CORPORATION GENERAL OFFICE: 160 Fremont St., San Francisco, Calif. BRANCH OFFICES: Seattle, Spokane, Portland, L.os Angeles, Oakland, Houston, Tulsa, Honolulu, New York. HISTORY: Organized under the laws of the State of Nevada on Oct. 3, 1928, at which time there were merged the business and assets of the following companies: Bradley-Wise Paint Co., Brininstool Paint Co., California Paint Co., Hill, Hubbell & Co., Jones & Dillingham Co., Magner Bros. Paint Co., Rasmussen & Co., Seattle Paint Co., Technical Oil & Paint Co. Corporation also acquired the L. 8S. Finch Chemical Corp. of Los Angeles, manufacturer of lacquers. BUSINESS: Corporation owns and operates paint manufacturing plants in San Francisco, Los Angeles, Seattle, Portland, Spokane and Tulsa and pipe coating plants in Milwaukee, Wis.; Indiana Harbor, Ind.; Youngstown, Ohio; Lorain, Ohio, and Ambridge, Penn. Operates either directly or through subsidiaries in all Pacific Coast states, throughout the Middle West and on the Atlantic Coast. In the pipe coating plants, machinery has been installed for coating and wrapping pipe, the patents for which are controlled or owned by the corporation. OFFICERS: E. A. Bradley, Pres.; D. W. Boylan, Vice Pres. and Treas.; S. CC. Rasmussen, Vice Pres. in charge of northern division; C. H. Jones, Vice Pres. in charge of Inland Empire division; O. S. Orrick, Vice Pres. in charge of export sales; M. S. Orrick, Sec'y. DIRECTORS: H. M. Bateman, D. M. Boylan, D. W. Boylan, E. A. Bradley, F. M. Brininstool, W. Ferem, lL. Hubbard, C. G. Johnson, C. H. Jones, H. L. Jones, L. L. Mackey, M. S. Orrick, O. 8S. Orrick, J. P. Rasmussen, S. C. Rasmussen. J. H. Schinneller. GENERAL AUDITORS: Haskins & Sells, San Francisco, Calif. Fiseal Year Ends: Dec. 31. Annual Meeting: 1st day of Nov CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding 1. Class A Stock... .....No Par 200,000 shs 80,000 shs 2. Class B Stock....cecceeccienneeeceeneeeeene.....No Par *600,000 shs 173,242 shs *200,000 shares reserved for conversion of Class A stock and 50,000 shares for sale to emplovees 1. CLASS A STOCK times annual dividend requirement on all A stock then outstanding and also on additional A stock intended to be issued. These restrictions may be eliminated or modified by written consent 7f holders of at least 759% of A stock then issued and outstanding. Callable: At any time as a whole or in part on at least 60 days’ notice, at $33 per share plus accrued dividends. Convertible: Into B stock, share for share, at any time, at option of holder, to within 10 days of redemption date. Voting Power: Equal with B stock. [f, at date of annual meeting, 4 quarierly dividends are in arrears, A stock shall be entitled to elect majority of directors, so long as default continues. Dividends: 50c paid quarterly, Jan., Apr.,, July, Oct. 1, from and including fan. 1, 1929, to and including April 1, 1930. Dividend of July, 1. 1930. de-‘erred. Ex-Dividend Date: Set by directors, not more than 15 davs prior to payment date. Transfer Agent: Crocker First Federal Trust Co., San Francisco, Calif. Registrar: Wells Fargo Bank & Unon Trust Co., San Francisco, Calif. Legal Opinion by: Orrick, Palmer & Dahlquist, San Francisco. Public Offering by: E. H. Rollins & Sons, Oct. 8, 1928, at $30. Number of Stockholders: 794. Listed on: San Francisco and Los Angeles Stock Exchanges. Price Range: 1930 to June 1, high, 22: low, 17; 1929. high, 385: low. 20. Provisions: Preferred as to cumulative dividends of $2 per annum and as to assets in event of liquidation to extent of $33 per share. Rights: Carries preferential right to subscribe to any additional A stock that may be issued, but not to B stock. Protective Features: Articles of incorporation prohibit corporation from declaring dividends on B stock which will reduce net assets, exclusive of intangible assets, below $40 for each share of A stock, or reduce the amount of current assets to less than 2009 of current liabilities. The articles of incorporation further prohibit, so long as any A stock is outstanding, (a) incurrence of any indebtedness maturing later than one year after its incurrence, except purchase money obligations; (b) issuance of any stock which shall rank ahead of A stock; (c¢) declaration of any stock dividends on B stock; (d) the issuance of more than the 160,000 shares of present authorized B stock for any consideration per share less than the book value per share of the then outstanding B stock; (e) the issuance of anv A stock over and above the 80,000 shares heretofore mentioned, excepting in connection with the acquisition of additional tangible assets, and then only one share of A stock may be issued for each $40 of net tangible assets to be acquired, and only when the profit available for dividends (including that from properties to be acquired) for 12 consecutive months out of preceding 15 shall have been not less than three THOMSON'S MANUAL 2. CLASS B STOCK Provision; Carpio Droforoniial right Transfer Agent: Crocker First Fedto subscribe to additional B stock is- eral Trust . ; ; sued, but not to Class A; and with ex- ust Co. San Fransisco. Colik ception of 50,000 shares reserved for Registrar: Wells Fargo Bank & Unemployees, and 200,000 Ses reserved ion Trust Co., San Francisco, Calif. Oe oor Asoc vouing _. Legal Opinion by: Orrick, Palmer & sxcept that Class A is entitled to elect Dahlquist, San Franeisco, Calif. majority of trustees if 4 quarterly di- Public Offering by: E. H. Rollins & vidends are in arrears. Sons, Oct. 8, 1928, at $23. Dividends: Jan., Apr. July, Oct. 1, 37i4c quarterly from and including Number of Stockholders: 970. ho 1, 1808, Lo ana inouding Ape, 3 Listed on: San Francisco and Los L A asse ividen or quarter end- : >d June 30, 1930. Angeles Stock Exehangas, Ex-Dividend Date: Not more than Price Range: 1929, High 281%, low 15 days prior to date of payment. 14; 1930 to June 1, high 14, low 6. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 1928 $7,006,468 $6,799,728 6,183,499 6,110,527 689,201 65.966 ross Revenue ............ Operating EXpPense -....ciminnaee nee Net BaTNiNgS acocceencccacnmmnerni one ceonvennnn seen eee $812,969 ODEtRET INCOME eoemoooooenncccaeciassmmamamaaesosommnmammm amon srasass sens tats s ms anaaann. 66.418 Total INCOME .......coeecrsrmsmnmnmnens EP —— Minority Interest ......... Es FT, . Interest and MiSC. oiocieeecs cccmmmmammens ceemoceeocecsamocaseeesesmeonen oe Federal TAX ccoocemceocccecemccccecmmassmnmmmnsenssdoaronsiammaonnns een neane Depreciation and Maintenance... iiiiinaeees “TE 167 27.973 7 ano 187 769 5 i ity, 00 259,683 rg Net INCOME ooeeeiimienicenenees Preferred Dividends ........ccccoeeeee Common Dividends .ceeeeeceocceiiiannanas 3 539,435 160,000 240.000 $ 139,432 80.000 160,000 $6.74 2.37 Surplus for the year............. _. whem ARR Ew ye Number shares Class A outstanding......... ceceiiiannaaes Number shares Class B outstanding... Warned, per share Class A stock. ann Earned. per share Class B stock-. —--TOMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 ASSET 1929 1928 102,294 $ 170,283 858,044 845,243 1,755,702 1,621,248 18.386 30,713 29 664 300 22 “t.25 2.01 CY SIL cree eacecumasemamemascesmmcesecccecseismsmememmeTesssascececessesemsommsioessosisssssees Notes and Accounts Receivable... iii [Inventories .cccaemaaee eemmmannnnn ant pms me pn EEE Dh er CUTTENT A SSCL S eee eee eee eaaee ee oes sma mmm sam emeeanonnr IADILAL SUOCK ..ovreymyrmmmmprmssspsis sh ssss missin snsmipimsssssorasss nee $3,971,247 and, Buildings, Equipment. ete. eae 1,706,303 Patents, etc. .. nnn eaan mana ERR 74,000 "ILIV BRLITIGTIES on oreeemmmmmnnmms ummm snes mani EERE ASHER SS a aR ERA ym sr AE 268,883 ‘mprovements to Leased Buildings. .iiciiiiciiinns vemos Smployees’ Stock Subscriptions eee 7,023 Freight Claims ......... eee ame amen nna anaanans 10,633 Neferred Charges ...c......... eam cammmatasasemnmmnanne 296,346 TOTAL ASSETS reer $5.097 614 1,456,524 15,002 238,202 52,645 "13,562 240,675 $4,684,097 LIABILITIES— Notes Payable ............ Accounts Payable .... Tax Reserve wo... Dividends Pavable _.. 188,850 192,095 581.754 2 227,974 290,680 60,556 100.000 Total Current Liabilities ........... & 732,699 Capital Stock ....... eaeaaaaaaaaaeeeaaaanen- $3,971,247 Japital SUIDIUS ciao s enna a nmanamancananae eres 201,239 Profit and LoSS SUTPIUS. cece e+ eeeeeeeeeeaac oe = —onnesaeeneeeaeee 116,657 MOrt2age Payable ieee cccectiim eens e enema nannies 56,621 Reserve for Contingencies... eeceeeaeacea ce ececcsncnnen. 19.152 TOTAL LIABILITIES ieee eeaaeamcaaseesnnnnnnennnnnn- $0,097,614 Net Working Capital...... ee. 2.001.727 679,210 3.964.887 "40.000 $4,684,097 1.988.277 INDUSTRIALS GENERAL MILLS, INC. GENERAL OFFICE: Minneapolis, Minn. BRANCH OFFICES: Maintains 68 branch selling offices throughout the country. HISTORY: Incorporated under laws of Delaware, June 20, 1928, to acquire the businesses and properties of certain companies engaged in the production and distribution of flour and other food products. Since its organization, the company has acquired the businesses and properties of Washburn-Crosby Co., The Red Star Milling Co., Kell Mill & Elevator Co., Oklahoma City Mill & Elevator Co., Perry Mill & Elevator Co., El Reno Mill & Elevator Co., Sperry Flour Co. and others. BUSINESS: Manufactures and distributes flour and cereal products, including brands “Gold Medal,” “Drifted Snow,” “Red Star,” “Rex,” “White Dear,” “Miss Utah” and many others. Also produces a complete line of special and poultry feeds, cake flour and wheat cakes. PROPERTY: The company owns and operates mills located in 23 different cities which include 20 flour mills, 9 feed mills and 2 cereal mills. They have an aggregate capacity of 88,300 barrels of flour, 5,625 tons of commercial feeds and 455,000 pounds of cereals per day. The company also has terminal storage capacity for 34,940,500 bushels of wheat (including 2,500,000 bushels capacity under lease and 2,250,000 under construction). Mills are located in Minnesota, New York, Illinois, Kentucky, Kansas, Oklahoma, Texas, Montana, Washington, California, Missouri, Oregon and Utah. Water power rights on the Mississippi and Missouri rivers are also owned. f CIFIC NORTHWEST PROPERT" ..2,5600 bbl. Flour rereneeeeeane 325 BDI. Flour .1.750 bbl. Feed & Cereal . ....1.100 bbl. Flour >» TL Great Falls, Mon 1,529,000 bu. Elevator Kalispell, Mont. 240,000 bu. Elevator Portland, Ore. 100,000 bu. Elevator Pasco, Wash. .. +45,000 bu. Elevator Creston, Wash. . avn nemaeas meemevessusainenessneess 35,000 bu. Elevator Spokane, Wash. .. reeees-=-1,800 bbl. Flour Mill— 800,000 bu. Elevator Tacoma, Wash. ..cccooeeveeecceiiiciiiiiiiieceee.....5,000 bbl. Flour Mill....1,000,000 bu. Elevator OFFICERS: James F. Bell, Pres.; Franklin M. Crosby, Vice Pres.;: Donald D. Davis, Vice Pres. and Treas.; Putnam D. McMillan, Vice Pres.; Harry A. Bullis, Sec’'v and Comptroller; S. Anderson, Vice Pres.; G. E. Thomas, Vice Pres DIRECTORS James F. Bell, Pres. General Mills, Inc. Roger S. Hurd, Pres. The Red Star Mii. Minneapolis, Minn. ing Co., Wichita, Kan. Roy N. Bishop, Pres. Sperry Flour Co., Frank Kell, Wichita Falls, Tex. San Francisco, Calif. James KE. Larrowe, Pres. The Larrowe Charles C. Bovey, Pres. Washburn- Milling Co., Detroit, Mich. Crosby Co., Inc., Minneapolis, Minn. Frank J. Morley, of Kingman, Cross, Franklin M. Crosby, Vice Pres. Gen- Morley & Cant, Minneapolis, Minn. eral Mills, Inc.,, Minneapolis, Minn. Harry G. Randall, Pres. Washburn-John Crosby, Minneapolis, Minn. Crosby Co., Kansas City, Mo. Donald D. Davis, Vice Pres. and Treas. Stanley A. Russell, Vice Pres. The Na-General Mills. Inc., Minneapolis, tional City Co., New York, N. Y. Minn. James W. Sherwood, Pres. Royal Mill-Frank F. Henry, Pres. Washburn-Cros- ing Co., Great Falls, Mont. by Co., Inc., Buffalo, N. Y. Thomas C. Thatcher, Pres. Wichita Mill Karl E. Humphrey, Pres. Oklahoma & Elevator Co., Wichita Falls, Tex. City Mill & Elevator Co., Oklaho- P. D. McMillan. ma City, Okla. H. A. Bullis. GENERAL AUDITORS: Peat, Marwich, Mitchell & Co. Fiscal Year Ends: May 31. Annual Meeting: 2nd Tues. in Aug Number of Employees: 5,800 (approximately). CAPITALIZATION: Par Value Authorized 1. 6% Cum. Preferred Stock............ $100 $50,000,000 2. Common Stock ....No Par 1,000.000 shs 1. 6% CUMULATIVE PREFERRED STOCK Provisions: Preference as to assets Dividends: Payable quarterl:, Jan. and 69% dividends. Cumulative from 1, etc. Initial dividend of 149 paid July 1, 1928, Entitled to 115 per share Oct. 1, 1928, and regularlv thereafter in liquidation if voluntary, and to par May, 1930. if involuntary, in either case with ac- Transfer Agent: National City Bank, crued dividends. New York, and First Minneapolis Trust Sinking Fund: Semi-annual pay- Co. ] ments to a sinking fund beginning Jan. Registrar: Minnesota Loan & Trust 1, 1929, of 1% of total amount of stock Zo., Minneapolis, Minn.; First National previously issued, if available at not 3ank of the City of New York. over ; . - Public Offering by: National City wages JL 115 per share and ac- nj “New York, June, 1928, at 100. Voting Power: No vote except in de- Listed on: New York Stock Exfault of dividend or sinking fund pay- change. ment, when it shall have right to elect Price Range: 8 majority of the board until default is NED cocceein.. remedied. Ow 1929 1928 cereeemneeeeee 100 10014 .. R73, 981, THOMSON'S MANUAL 2. COMMON STOCK Voting Power: Sole vote except in Registrar: First National Bank of jefault of Preferred dividends or sink- the City of New York, Minnesota Loan ing fund payment. & Trust Co., Minneapolis, Minn. Dividends: Payable quarterly, Feb. Public Offering by: National City l, ete. Initial payment of 75¢ Nov. 1, Co., June, 1928, at 65. 1928, regularly thereafter to May, 1930. Listed on New York Stock Exchange. Transfer Agent: National City Bank Price Range: 1929 1928 of New York, First Minneapolis Trust High ..... 8914 8614 Zo., Minneapolis, Minn. Low _._.. ~ 50 643% . INCOME STATEMENT. Year Ending May 31, 1929 Gross Revenue -.. ...-$123,521,014 Operating Expense .. 117,160,098 6,360,916 120,294 6,481,210 578,084 594,375 1.153,065 4,154,786 7,164 1,065,927 1.058,059 2.023,654 Surplus for the year.......oecemiieceeeeeeee ee . CONSOLIDATED BALANCE SHEET, As of May 31, 1929 ASSETS LIABILITIES Notes Payable—Banks ............$ Accounts Payable Javings Accts. of Employees Acerned Tames .....cccmemwermeose Accrued Pref. Dividends.......... Total Current Liabilities....$ 8,998,113 pec. & Contingent Reserves 2,647,729 referred Stock ..... eeeemeeeee 22,025,200 lommon Stock ............ eee 6,944,005 Japital Surplus ............. 6,016,954 Larned Suronlus ....... 2.023 654 CaSh coerce es eeeeeanreneeee$ 3,990,443 Drafts and Acceptances............ 1,617,401 Notes and Accts. Receivable.... 5,776,187 Advances on Grain Purch. etc 428,382 Inventories ......... reeeeeeeee 23,246,241 Total Current Assets............$35,058,654 Prepaid EXpenses o.oocccccccceee... 714,014 Miscell. Assets ..fiiiamaaanaaee 592,532 Land, Bldgs., Equip. eeceeeunnee.. 22,290,454 F0o0dwill, Trademarks, W arpower Rights, Etc..... TOTAL ASSETS .coeeennon....358.655.655 TOTAL LIABILITIES .......$58,655,655 Jet Working Capital................ 26,060.541 Ratio, Cur. Assets to Cur. Liab. ...3.9:1 Book Value Common Stoeck............$34.94 GENERAL OFFICE: 503 Pine St. Portland, Ore. HISTORY: Incorporated under laws of Oregon, 1920 to combine under one oprating head several laundries in Portland, Ore. . BUSINESS: Company and its associates handle large volume of laundry busiress in Portland, Ore. PROPERTY: Company owns and operates the Troy Laundry, Crystal Laundry, Yale-Union Laundry, Allyn’s Cleaning and Dyeing Establishment, Troy Garage, isasshad of Union Laundry. Owns one-half capital stock of the National Launiry Co. OFFICERS: Percy G. Allen. Pres. & Gen. Mgr.: J. A. Clancy, Sec'v: F. T. Richards. Director. CAPITALIZATION, As of Dec. 31, 1929 i Par Value Authorized Outstanding I. 7% Cum. Preferred StocK...ccoeooeeaee.. $100 400,000 $202,000 2. Common StocK ..cccceeeeeeceeencceceeeeeenoo... NO Par 20,000 shs 12,000 shs 839% of the Common stock is held by men directly connected with the business. COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 929 1928 1927 -97,200 1,304, ~ $1,291,344 rac RQ 1.128 ¢ 1,134,622 156,822 14 982 HOME SERVICE COMPANY Net Earnings . Other Income ....... Total Income ... TeAeral TAXES cu iomosaminsmssmtomion bm nterest, Amortization, ete. .........._._.. Net Income +7 804 .1,174 90'385 a 92 269 RO ££ f£9.765 HUST COMPARATIVF DALANTEF SHEET, As of Dec. 31 ASSETS— 1929 Land, Buildings, Equipment, etc. i... L|,b22,787 Investments ............. 170,837 Due from Officers... 33,552 Prepayments .......... 8.317 Bond Discount ......... 55,622 Current Assets Cash coos Bond Sinking Fund... Notes and Accounts Receivable................ Inventories ....... Total Current Assets TOTAL ASSETS 192% 1,639,132 28,479 "2.496 .3,742 39.775 689 R16 96 J rQR LIABILITIES— Capital Stock and Surplus...... Funded Debt ..__.._........ Mortgage Payable ........ Purchase Contracts ..... Building Alterations ...... Current Liabilities Aceounts Payable ..... Tax Reserve ............. Bond Redemption ........ Total Current Liabilities... iin, sessed hag 4. J 50 604,866 11,250 121,172 e Rn L000 ‘ 480 850 L172 "5,976 TOTAL LIABILITIES ...... cee... Net Working Capital o.oo. Ratio Current Assets to Current Liabilities...... Lo] 6) FUNDED DEBT, As of Jan. 1, 1930 First Mortgage & Collateral Rate Dated Due Authorized Trust S. F. Gold Bonds............ 7% 10-1-26 10-1-36 $850,000 Interest Payable: Semi-annually on issued, $130,500 had been retired Jan. April 1 and Oct. 1, at Trustee's office. 1, 1930. Trustee: Portland Trust & Savings Tax Status: Company pays normal Rank, Portland, Ore. Federal income tax up to 2% and per-Registerable: As to principal. Sonal property tax not exceeding § . mills. Denominations: $1,000, $500 and $100. Security: First mortgage on all the Callable: In part by lot at 103 and properties of the Home Service Co.; accrued interest, or as a whole at 102 also one-half the capital stock of the and accrued interest. on 30 days’ no- National Laundry Co. tice. Legal Opinion by: McCamant & Sinking Fund: Beginning Oct. 1, Thompson, and Wood, Montague & 1927, annual payment of $56,640, cal- Matthiessen. . culated to retire $508,400 of issue by Offered by: Blyth & Co. and Ferris maturity. Of the $8794.000 originally & Hardgrove, Oct. 1, 1926, at 100 HOOKER ELECTROCHEMICAL COMPANY EXECUTIVE OFFICE: 25 Pine Street, New York City. PLANT OFFICES: Tacoma, Wash. and Niagara Falls, N.Y. HISTORY: Incorporated under laws of New York, Nov. 11, 1909. Originally established in 1903. BUSINESS: Company produces caustic soda in various forms, liquid chlorine, bleaching powder, muriatic acid, benzoates and many other chemicals. Company owns domestic and foreign patents on the Townsend process by which electrolytic decomposition of salt produces caustic soda and chlorine. PROPERTY: Company owns two plants, one at Niagara Falls, N.Y.. and one at Tacoma, Wash, The Niagara plant covers an area of 35 acres owned in fee and produces 70 tons of caustic soda and 62 tons of chlorine daily. Over 20 acres of land are owned in fee in Tacoma, on which a chemical plant was built in 1928. OFFICERS: Elon H. Hooker, Pres.; Willard Hooker, Vice-Pres. & Treas.; H. M. Hooker, Vice-Pres. & Sales Mgr.; L. A. Ward, Secy.: Wm. C. Bennett. Auditor; E. R. Bartlett, Vice-Pres. and Works Mgr. DIRECTORS: Elon H. Hooker, Willard Hooker, H. M. Hooker, E. R. Dartlett. E. L. Burnham, R. C. Shumway. Fixeal Year Ends: Nov. 30. Annual Meeting: 3rd Mon. in January Number of Emplovees: 363. CAPITALIZATION, Par ils of Nov. 30, 1929 Talue Authorized $100 3,000,000 3100 £2 500 000 Outstanding $2,700,000 22 500 000 THOMSON'S MANUAL 1. 6% CUMULATIVE PREFERRED STOCK Provisions: Has preference as to as- thereafter to 1925 when 69% was paid; sets and dividends. 1926, 69% and 10% 9% extra to liguidate Callable: At 105 on any dividend date arrears; 1927, 1928 and 1929, 6%. mm 30 days’ notice. Transfer Agent and Registrar: Com-Dividends: 1920, 6%: 1921, none; 1922 DPany’s office, New York. to Mar. 31, 1924, inclusive; 69%; none Number of Stockholders: 289. 2. COMMON STOCK Voting Power: Has sole voting power. Ex-Dividend Date: 21st of paying Dividends: Layable quarterly, last month. day of Feb. May, Aug. Nov, 1920 to x - 1636, Tone: 1927, 1928 and 1929, 6%; $1 a pane then Sree Ape Leslstrar: Com share paid Jan. 31, 1930, and April 30, a 1930. Number of Stockholders: 183. COMPARATIVE INCOME, Years Ending Nov. 30 1929 1928 Net Income Before Depreciation....................$1,269,970 $763,445 COMPARATIVE BALANCE SHEET, As of Nov. 30 ASSETS— 1929 Property and Construction........ccooemoeecivicccaccrecreaineaae- $10,685,253 [nvestments ..... ee eeamsmmseesecwmsssassmemmmesacemmmeane oe ‘ne 926 Current Assets ..... mamma ———————— EE © 293 Miscellaneous ........o.oo.oooooeeee nee eemeumammemeemeemseemeemaemaamenn ,216 Cash Held by Trustee.......... eeneemnemnmememennen 328,575 313.869.5%3 1928 $10,016,662 388,272 1,346,471 260,992 $12,012,397 TOTAL: ASBBRETS .....ccomvsimnerim LIABILITIES— Capital Stock, Surplus and Reserve... .ccweeeeceeeecccenneeanan. $10,930,748 Funded Debt ..ooceeeee.o een ennnnnenens 2,423,000 Mortgage Payable ....._.........._ Po” RRR Current Liabilities o.oo... ememmemmeeenmeanannan 515,775 TOTAL LIABILITIES ..cccomeeee. ceommaenunenam—n—n $69,523 Net Working Capitale oo ooooooieiieeerececeaccneacneess ceeeeceeeeeeeee $1,296,518 Ratio Current Assets to Current Liabilities oo eeeeeeaeaneen 3.5:1 $10,208,512 986.000 200,000 617.885 $12,012,397 $728,587 99.1 FUNDED DEBT, As of Nov. 30, 1929 Rate Dated Due Authorized Outstanding 1. 1st Mtge. Bonds Series A... T% 1922 1947 $1,250,000 $ 923,000 2. 1st Mtge. Bonds Series B.... 69% 12-1-28 12-1-53 $1,500,000 $1,500,000 i. FIRST MTGE. 25-YEAR 6% SINKING FUND GOLD BONDS Interest Payable: Semi-annually Jan. ‘ncome tax up to 2% and Pennsylvania and July 1, at trustee’s office. state tax refunded. Trustee: New York Trust Co. N.Y. Security: First mortgage on all fixed Registerable: A i assets, with exception of office buildegisterable: As to principal. ing at 25 Pine Street, N.Y., on which Denominations: $100, $500 and $1,000. it is a second mortgage. Additional Callable: At 105 during first 5 years, 30005, oY BE os 2 urin «oy, 5 10 curing nex years, and 105 J} 4 ¢1 500,000 for not exceeding 663% SpE ets Supramol payments Send ton bellurishes, SE ey or largest i Ll OF ‘or the payment of $1,000,000 of 1% %» of net earnings after interest, : the! axes and depreciation. which ever is hotes que 1922 and for other corporate greater. Offered by: Hemphill, Noyes & Co., Tax Status: Company pavs normal New York, Dec., 1921, at 96%. 2. FIRST MTGE. 25-YEAR 6% SINKING FUND GOLD BONDS, SERIES B Interest Payable: Semi-annually Dec. tion price may be tendered in lieu of and June 1, at trustee's office. cash. Trustee: New York Trust Co.,, N.Y. Tax Status: Company pays 2% Nor-Registerable: As to principal. nal Fed. Income tax; Penn. 4 mills per-Denominations: $1,000 and $500. sonal property tax and Mass. 6% inoops; a 0s on or before Dec. 1, ome tax. pa o Dec. 1, 1938; at 103 to Security: Direct first mortgage on Dee, 2 lass) at 102 to Dec. 1, 1948, and ul fixed assets of the company with ereafter to maturity at 101, in each yxception of office building at 25 Pine ~ase with accrued interest. Ytreet, New York. Sinking Fund: Semi-annual pay- © - Opinion by: Zabriskie, S ments of 114% of highest amount of ,Me5al DRimion OV: 8 rislie, Sage. Series B bonds issued, to retire by pur- ray & Todd, and Hornblower. Miller chase not exceeding redemption price, ind Garrison. or if not available, by call by lot at Offered by: Blair & Co. Inc, N.Y, such price. Bonds at current redemp- ind Seattle. Dec.. 1928. at 99%, INDUSTRIALS HORLUCK'S, INC. GENERAL OFFICE: Westlake Ave. and Mercer St, Seattle, Wash. HISTORY: Incorporated under laws of Washington, January, 1928. BUSINESS: Company operates a chain of malted milk shops in Seattle and other cities in Western Washington, dispensing ice cream, sandwiches, and pastry, all prepared in the company's central plant. Manufactures and dispenses a special ice cream known as “Danish Ice Cream,” and other specialties, the names of which are copyrighted. PROPERTY: Company's property consists of equipment in 21 shops, 17 of which are operated in Seattle, 2 in Tacoma, 1 in Bellingham and 1 in Bremerton, Wash. OFFICERS: George F. Horluck, Pres. & Treas.; H. J. Horluck, Vice-Pres. & Secy. DIRECTORS: George F. Horluck, H. J. Horluck, Charles T. Hutson. GENERAL AUDITORS: Lybrand, Ross Bros. & Montgomery. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Monday in May. CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized $10 10,000 shs No Par 20,000 shs i. 7% CUMULATIVE PREFERRED STOCK Provisions: Preferred as to dividends, Transfer Agent: Metropolitan Na-Thick are earpnlative, ard as to assets. tional Bank, Seattle. Stock is non-participating. Callable: 2 $10.50. & Registrar: First Seattle Dexter Hor-Joting Power: Non-voting except ton National Bank. when dividends are in arrears 1 year, . in which event equal voting rights with Public Offering by: B. B. Odom & common are assumed. Co., Jan. 14, 1929, in units of 2 shares Dividends: Payable quarterly Mar. Preferred and 1 share of common at Tune. Sept. and Dec. 1 $30 per unit. BALANCE SHEET, As of Dec. 31, 1929 ASSETS LIABILITIES Notes Payable .............. Purchase Contracts . Accounts Payable . Due Officers ........... Federal Tax Reserve. Pav Roll Accrued Cash «oon Bonds ........ Accounts Receiv: Inventories .... Rent Paid in Adv: 6.643 590 1,087 8,751 3.729 10.000 4,357 2,983 2,059 5,000 "AD - Total Current Asse.. Equipment, Patents rr? Marks ............ Deferred Assets n Total ™ “ontrac: Preferred Jommon ‘urplus . : Fravable.... $1,259 8.562 IC 000 35,000 212 985 - CT BR AR 06 creeeeennd 33.258 IRON FIREMAN MANUFACTURING COMPANY GENERAL OFFICE: 984 East 17th St., Portland, Ore. BRANCH OFFICES: St. Louis, Mo.; Cleveland, Ohio, and Chicago, Ill. HISTORY: Incorporated under laws of Oregon, Feb. 26, 1926, as successor to a partnership. First began national distribution of product in 1925. BUSINESS: Manufactures-automatic coal stokers in nine sizes suitable for small power and heating plants up to 200 horsepower. Stokers permit use of lower grades of coal and save labor. Product distributed by 300 dealers located in principal cities of the U. S. PROPERTY: Modern factory at Portland, Ore.; 42,500 ft. floor space; annual capacity, 15,000 stokers; factory in Cleveland, Ohio, with 60,000 sq. ft. floor space; warehouse in St. Louis, Mo. SUBSIDIARIES: Controls Iron Fireman of New York, Inc, and Iron Fireman Mfg. Co. of Wisconsin, both sales companies. MANAGEMENT: T. H. Banfield, Pres.; E. C. Sammons, Vice Pres.: F. S. Hecox, Secy.; W. H. Gray, Treas. DIRECTORS: T. H. Banfield, E. C. Sammons, W. H. Gray, T. Henry Boyd, Mansel P. Griffiths. GENERAL AUDITORS: Price, Waterhouse & Co., Portland, Ore. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Wed. in Feb. Number of Employees: Dec. 31, 1929, 400. CAPITALIZATION: Par Value Authorized (‘ommon Stock ...No Par 200 000 shs TOTAL ASSETS THOMSON'S MANUAL Voting Trust: Common stock is deposited under voting trust agreement, axtending 10 years, expiring Dec. 1, 1938. Trust may be extended for such time as fixed by Voting Trustees, with consent of registered holders of Voting Trust Certificates, representing not less ‘han 609% of Common stock deposited 1nder the agreement. Trust may be :erminated at any time by majority of Voting Trustees with written consent of holders of Voting Trust Certificates representing not less than 51% of Common stock deposited. No class of stock having preference over Common stock represented by Voting Trust Certificates may be created without written consent of at least 519% of Voting Trust Certificates then outstanding. Voting Trustees: T. H. Banfield, E. 2, Sammons, W. H. Gray, T. Henry Boyd, Mansel P. Griffiths. Dividends: Beginning June 1, 1929, 25¢ a share paid quarterly, Mar. June, Sept.,, and Dec. 1; extra 50c a share naid Mar. 1, 1930; stock dividend of $635.5637 paid Nov. 20, 1928 Ex-Dividend Date: 15th of month prior to paying date. Transfer Agents and Registrars: For stock and Voting Trust Certificates, 3ank of California, San Francisco; Nells Fargo Bank & Union Trust Co., jan Francisco; Illinois Merchants Trust Jo., Chicago; First Trust & Savings 3ank, Chicago. Legal Opinion by: Carey & Kerr, ortland, Ore., for the company; Meclamant & Thompson, Portland, Ore, ‘or the underwriters. Public Offering: By Blyth & Co, 2ortland, Ore., (100,000 shares pur-‘hased from individuals, not involving 1ew financing by the company) Nov, 928, at $21.00 per share. Number of Stockholders: Dec. 31, 1929, 2,100. Listed on: Chicago Stock Exchange, New York Curb. Price Range: 1929: High, 38; low, 21. 1928: High, 26; low, 221. Funded Debt: None. EARNINGS, Years Ending Dec. 31 Depreciation Taxes 40,428 $83,000 35,6. 1 70,785 31,450 58,756 amma 27,682 Co 10.210 Year 192E 5894,375 625,024 76,824 70,783 60.840 Net Per Share $770,947 3.85 518,418 2.59 375,638 1.88 143,101 71 50.630 25 COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 1929 1928 ,091,521 $1,947,386 4,306,847 774,952 908,235 328.271 1927 $1,321,295 535.543 330.566 5186 1.034 66,220 9.396 224 230 a'nre Net Sales ...... Selling Cost coco... © Up Operating Expense and State Taxes........ Net Earnings ......... Other Income ...... Total Income ......ooiiemieeeccameecanaee Interest and Miscellaneous Charges....... Net Income ... Depreciation o.oo Ted. Income and State FRixcise Maxes.... Net Profit ............ Common Dividends ........o.ccoeeeeeee. Transferred to Capital Stock........ _ . Surplus for the year... s 375,638 Earned. per share Common stock....... 1.88 *Note: To comply with Illinois law, requiring at least $5.00 per share book value behind no par Common stock, aside from surplus, $200,000 was carried to capital stock account. which otherwise would have gone to surplus available for lividends. 5 638 = BOND VALUE TABLES INTEREST TABLES BOOKS ON FINANCE Will send on approval to any rated firm. Most complete stock in Pacific Northwest. THOMSON’S BUSINESS BOOK SERVICE Qeattle Wash. INDUSTRIALS BALANCE SHEET, As of Dec. 31 ASS, 1929 401,587 103,863 193,066 54,359 283.377 ABH iii. oes a Marketable Securities (COB) .....cicmmimmmsasecmrsesmes soe Customers’ Accounts Receivable... Miscellaneous Accounts Receivable... inn. Inventories Total Current Assets... taeermneercnneensseenennnnsan- $1,336,252 Investments occa. — Building Not Used in Business... Company Stock for Resale to Employees. ...o.ocooiiiiciiianaens Land, Buildings, Machinery, Equipment......._....... reeaans an Jigs, Tools and Dies... iis -. Patents, Trade Marks and Copyrights.......... Deferred Charges— New York Allowances ..... 2.865 27,5606 79,057 eee 51.899, 808 Experimental Work Prepaid Insurance, Supplies. etc. .... TOTAL, ASSETS LIABILITIES— Accounts Payable .... ine ARERR TRE Accrued Taxes, Commisziors and ,0NUSES........cccoeuveennnnnnn. Reserves for Federal and State Taxes..... , Dividends Payable eemeemaaann 80,128 24,420 83,000 100.000 Total Current ldabilities. ieee. Capital Stock ...... emeeennane Earned Surplus ...... 1928 406,685 201,614 “3,620 1,949 16,278 6 10 hs 8 0.5] 80,015 18,259 10,785 0.000 a TOTAL LIABILITIES oo iiiiiiiiiiiaeaeesenannnennnnnennn Net Working Capital. ooo eeaaeane Ratio Current Assets to Current Liabilities........... JANTZEN KNITTING MILLS GENERAL OFFICE: Jantzen Center, Portland, Ore. HISTORY: Incorporated under laws of Oregon, Jan. 24, 1910, as the Portland Knitting Mills. Name changed to Jantzen in 1918. In 1927 a subsidiary was organized to operate in Australia and New Zealand under name of Jantzen (Australia) Ltd., with headquarters at Sydney. Jantzen Knitting Mills of Canada, L.td., Vancouver, B. C.,, a Canadian corporation, is licensed to use Jantzen patents and trade marks in the Dominion. The Jantzen Spinning Mills, New Jersey corporation, organized as a subsidiary in April, 1929, to operate yarn spinning plant at Camden. N. J., purchased from the B. F. Boyer Co. BUSINESS: Production confined entirely to swimming suits, knit by special Progess. Company is said to be the largest producer of swimming suits in the world. PLANTS: At Portland, Ore. with 117,400 sq. ft. floor space; at Sydney, Australia and Camden, N. J. MANAGEMENT—_ OFFICERS J. A. Zehntbauer, Pres.; C. R. Zehntbauer, Vice Pres.; C. C. Jantzen, Sec'y.; J. R. Dodson, Treas.; A. J. Cormack, Asst. Treas.; H. L. German, Asst. Sec’y.; I. S. Adams, Asst. Sec'y., all of Portland, Ore. DIRECTORS: J. A. Zehntbauer, C. R. Zehntbauer, C. C. Jantzen, J. R. Dodson, A. J. Cormack, M. Heinemann, all of Portland, Ore.; W. A. Broom. Seattle. Wash. GENERAL COUNSEL: G. G. Smith, Portland, Ore. GENERAL AUDITORS: Page, Gore & McLaren, Portland, Ore. Fixeal Year Fnds: Aug. 31. Annual Meeting: 1st Tues. in Jan. SALES AND EARNINGS, Years Ending Aug. 31 Earned Per Share XS Preferred Com. After Net Profit Div. Earned Pref. Div. $190,626 $ 6.67 1.60 222,142 7.25 1.92 495,626 10.77 4.65 649.804 12.76 £10 1. Do CAPITALIZATION, As of Aug. 31, 1929 Par Value Authorized 7% Cum. Preferred Stock................. $100 $1,500,000 Common Stock ~~ No Par 100 000 she Outstanding $508,900 100 O00 sha THOMSON'S MANUAL CAPITAL CHRONOLOGY Par Date Authorized Com. Stock Value Jan. 24, 1910—Original... . ._........ 100 shs........$100 Feb. 13, 1917—Increased * .......c.ccccceeee. 1,000 shs....... 100 Mar. 4, 1920—Increased weeeeererreer eee 250 shs........ 100 25,000............8% Feb. 3, 197 —Increased — .. 1,750 shs........ 100 75,000............8% July 5, 1! acreased ooceeeeeceeeeeeee. 2,500 shs........ 100 250,000............8% Dect. 23, ncreased occeceeeee. o.oo. 3,000 shs........ 100 500,000............8% Sept. @ ncreased ceeernenn 150,000 shs........ 100 1,500,000............7T% Det. 22, — increased rceaeeenemeeneeene--100,000 shs No Par 1,500,000............7% On Oct. 10, 1928, the old 89% Preferred stock was retired at 105. Holders were riven right to exchange for new 79% Preferred on share for share basis. Provisions: Has preference as to assets and dividends. In liquidation, entitled to par and accrued dividends. Consent of majority outstanding Preferred required to create any funded jebt (except purchase money mortgage) or any stock ranking prior or on parity with this issue. No additional Preferred may be issued unless average net earnings for two fiscal years preceding equal twice dividend requirements on Preferred outstanding and to be issued. Callable: At $105 on 30 days’ notice. Voting Power: One vote per share snlv when 4 consecutive quarterly dii. 7% CUMULATIVE PREFERRED STOCK vidends are unpaid, and then until aeccrued dividends are paid. Dividends: $8.00 per annum paid on >ld Preferred from July 1, 1920, to Oct. I, 1925; $7.00 per annum paid quarterly (Mar., June, Sept., Dec. 1) on new Preferred since Dec. 1, 1925. Transfer Agent: The Company. Registrar: Bank of California, San francisco, Calif. Legal Opinion by: G. G. Smith, Portland, Ore. Publie Offering by: The company, Sept., 1925, at par. Number of Stockholders: Feb. 1. 1930, 446. 2. COMMON STOCK Details: Par value shanged from $100 Registrar: Bank of California, San 0 no par value, Oct. 10, 1928. Francisco, Calif. Voting Power: Has sole voting pow- Legal Opinion by: Donworth, Todd >r, except when Preferred dividends ¢ Holman, Seattle, Wash., for the bank-Are in arrears, . ars; G. G. Smith, Portland, Ore., for the Dividends: 8% per annum paid on .ompany. $100 par value stock prior to 1927, when Public Offering: 45,000 shares by 10% was paid. 100% paid in 1928. ~.,""y" Burr, Conrad & Brown, Inc, Quarterly dividends of 50c per share Portland Ore. Oct., 1928, at $36.50. paid on no par stock (Feb. May, Aug. ' ° * ! Nov.) since Feb. ‘1, 1929. Extra divi- Number. of Stockholders: Feb. 1, dend of 50c per share paid Sept. 25. 1930, 869. 1929. Listed on: Seattle, Portland, San Ex-Dividend Date: Jan. Apr. July, Francisco and Los Angeles Stock Ex-Det. 15. changes. . Transfer Agent: Wells Fargo Bank Price Range: 1929: High 52%, low & Union Trust Co., San Francisco. Calif. 11: 1928: High 441%, low 39. COMPARATIVE INCOME STATEMENT, Years Ending Aug. 31 1929 1928 1927 1,254,013 $3,075,726 $2,490,524 2,092,405 1461.637 1,376.726 $1,113,798 793,915 $ 319,883 12,783 $ 307,100 30,320 17,125 27.513 292 142 Sales coeierciaes “ost of Sales ...... Balance ................ Deduct: Interest .... o.oo... Depreciation ................... Federal Income Tax........... — Net Prof. (incl. Subsid. from Mar. 20. 29) 049,804 Deduct—Minority Interest .... none Net Profit—Own Majority Tn* Deduct—Dividends Paid .___ 626 co _,142 n1 19K Balance Carried to Surplus... Surplus (at first of year). .............. .. Add premiums rec on sale of Com. =. Deduct amt. transferred to cap. acct... Total Surplus (at end of vear). _..% 870.310 ~0,954 073262 q192 222 eR 216 INDUSTRIALS COMPARATIVE CONSOLIDATED BALANCE SHFET- As of Aug. 31 ASSETS— 1929 ’ 1927 278,873 ’ 20,461 2,033 3,312 ,043 £,260 £0,806 3.466 CASH eee cee Accounts Receivable .... Inventories .o.oiiiin -. Prepaid Insurance, etC o.oo Total Current Assets... Sundry Accts. & Notes Receivable......... Investments ............ Plant and Equipmen .._.. Patents and Trade Ms—L nr 9 {6h TOTAL ASSETS 126.207 LIABILITIES— Accts. and Notes Payable. Misc. Accruals ..... em eaans Federal Taxes .......omm Dividends Payable, ete. .. 345,032 56,916 "12,962 12720 < -3,204 +,C6D TL 6 2,404 Total Current Liabilit¢ Land Contracts, Mortgs Stock Subscrip. Jantzen Minority Interest Camden, Reserves and Misc. Items. Preferred Stock ...... Common Stock .......... Surnlus IY ve Jeo LX ita dar { “ “9 no 70 © Lye 547.128 TOTAL LIABILITI.-Net Working Capital... Ratio Cur. Assets to Cur. Liabii.. Book Value Common Shares. 1,5. 80.04 980,514 9.2to1 £7.89 820 11.53 JANTZEN KNITTING MILLS OF CANADA, LIMITED GENERAL OFFICE: 10th Avenue East and Kingsway, Vancouver, B.C. HISTORY: Incorporated in Canada under Dominion Charter, 1927, succeeding Universal Knitting Co., Ltd., (1916) and Jantzen Knitting Mills in Canada, Ltd. BUSINESS: Manufacturers of “Jantzen” Swimming Suits and “Universal” Sweaters and Swimming Suits. Company owns exclusive license from Jantzen Knitting Mills of Portland, Ore. to use the “Jantzen” brand in Canada. PROPERTY: Modern manufacturing plant located at 10th Avenue E. and Kingsway, Vancouver, B. C., erected in 1928. OFFICERS: Walter Teetzel, Gen. Mgr.; Alex Smith, Secy.-Treas DIRECTORS: S. W. Miller, Walter Teetzel, Carl C. Jantzee A. C. Cohen, Alex Smith. GENERAL COUNSEL: Grossman, Holland & Co., Vancou: GENERAL AUDITORS: Price Waterhouse & Co., VVancouve) Fiscal Year Ends: Dec. 31. Annunl Meeting: April Number of Employees: 150 to 160. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized cree $100 $250,000 ieee ieee... NO Par 250,000 shs dl. 7% CUMULATIVF PREFERRED STOCK Provisions: Preferred as to 7% cumuvu - Jan. and July 1st. Paid regularly to lative dividends and as to Bsasty No Jan. 1, 1930. shares ranking in priority may be is- . s fed without consent of 24 of preferred Tranter Agent: Toronto General shares. Callable: In whole or in part any Publie Offering by: Miller, Court & time after July 1, 1932, at 110 and ac- Co., Ltd., Vancouver, B.C. July, 1927, crued dividends. at 100, plus bonus of 10 no par common Dividends: Pavable semi - annually, shares. BALANCE SHEET, Ax of Dec. 31, 1929 eT LIABILITIES Current Liabilities— 3ills and Accts. Payable Wages Accrued ..... Income Tax Reserve Preferred Dividene - Land .._....... Plant and Ms Trade Marks Current Ars Inventories ... Accts. Receiva Mach Pn “7,460 J,528 =9 469 Total Curient Preferred Stock Common Stock .... Surplus ... Co eemeeal TOTAL LIA MLITIES $499 916 2.920 900 1,598 19.3908 Total Current Assets...... . . Deferred Charges ......coceeeeeeeeeeennnn... TOTAL, ASSETS 54946186 THOMSON'S MANUAL JOHNSTON NATIONAL STORAGE, LIMITED GENERAL OFFICE: Vancouver; B.C. HISTORY: Incorporated under British Columbia Companies Act in 1929 to take sver the Johnston Storage Co., Ltd., established in 1913, and the National Cartage 8% Warehouse Co. Ltd. established in 1920. BUSINESS: Operates a fleet of trucks in British Columbia, and does a merchanjise and household cartage, storage and long distance hauling business. Company has contract with the Canadian National Ry. Co. to transport and store all ncoming and outgoing L. C. L. freight. PROPERTY: Owns 42 trucks and 5 motorcycles. Owns 300 feet frontage on Richards Street, Vancouver, improved with a reinforced concrete warehouse. DIRECTORS: Elmer Johnston, B. C. Keeley, Neil H. McDiarmid, E. Gwynne Hurrell. CAPITALIZATION— Par Value Authorized Outstanding 1. 7%S. F. 1st Pfd. Shares................. $100 $250,000 $250,000 2. Common Stock ... .. No Par 25.000 shs 12,500 shs 1. 7% CUMULATIVE SINKING FUND FIRST PREFERRED SHARES Provisions: Preferred as to assets in Dividends: 7% per annum, payable voluntary liquidation up to $100 per quarterly Jan., Apr., July and Oct. 1. share and as to 7% cumulative divi- Ex-Dividend: 15th of previous month. jends from Oct. 1, 1929. Registrar and Transfer Agent: Pru-Callable: Until Oct. 1, 1934 at 105, to dential Trust Co. Oct. 1, 1939, at 104; to Oct. 1, 1944, at Legal Opinion by: F. A. McDiarmid 103; to Oct. 1, 1949, at 102; to Oct. 1, and by Russell, Hancox, Keil, Russell 1954, at 101. Balance outstanding Oct. and DuMoulin, Vancouver, B.C. {, 1954. to be redeemed at par. Public Offering by: Western City Co, Voting Power: When four quarterly Vancouver, B.C. September, 1929, at jividends are in arrears and remain un- 100 and accrued dividends with bonus paid for 60 days, preferred has exclu- of 3 shares common with each 10 of sive vote. preferred. BALANCE SHEET: AQQRT \s of July 31, 1929 } LIABILITIES Accts. Payable coeoiieeeceeeeeeeee. $32,436 Accrued Payroll cies 4,802 income Tax Reserve.................. 7.109 Total Current Liabilities.........§ 44,347 Preferred Shares ..... ....ccccceeeeeeee 250,000 Common StoCK eeeeeciceeecccecaneeneaaeee 259.802 TOTAL LIABILITIES ..............$554.149 Sash oo Accounts Receival?! Supplies on Hand. eee 21,660 66,442 2 £00 Total Current ... Deferred Charges ....... Property and Equipment: roodwill, Agencies. Etc. TOTAL ASSETS a2... .%RR4 LAHER AUTO SPRING CO., INC. GENERAL OFFICE: 26th and Magnolia Sts, Oakland, Calif. BRANCH OFFICES: Portland. Seattle. Spokane. Los Angeles. San Francisco, Salt Lake City. ] HISTORY: Incorporated under laws of Oregon, Jan. 6, 1917. The business had its inception in Portland, Ore. in 1908, being originally organized bv Mr. F. J. _aher, who is still its president and general manager. BUSINESS: Manufactures automobile replacement springs, truck springs, overload springs, luggage carriers, trunk racks, bumpers, equalizers and auto trunks. Jompany also supplies original equipment to automobile manufacturers. PROPERTY: Factories in Oakland, San Francisco. Seattle. Portland. Spokane. Salt Lake City and Los Angeles. DFFICERS AND DIRECTORS: F. J. Laher, Pres. and Gen. Mgr.; F. E. Morarity, Treas.; F. W. Marco, Secy.; T. M. Shankler, Director; Frederick Granner. Director. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Mondav in Februarv. Number of Employees: 200. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized i. 7% Cum. Conv. ?fd. Stock............... $75 - $350,000 2. Class “A” Com. 3tocK.oeceeeeveeneeeeen $25 $500,000 } Class “B” Com, 3tocK....coeveeeeeeeee. $25 $500,000 i220 000 Class A reserved for conversion of preferred stock. Qutstanding $88,250 None 500.000 INDUSTRIALS 3 1. 7% CUMULATIVE CONVERTIBLE PREFERRED STOCK Provisions: Has preference as to as- Voting Power: None, except in event sets and as to cumulative dividends of dividends shall have been passed for 7 $1.75 per share per annum. In liquida- consecutive dividend dates. tion entitled to $27.50 per share plus Dividends: Dividends of 43l%c quaraccrued dividends. , . terly have been paid continuously from Callable: On 30 days notice, at $27.50 1926 to and including January 1. 1930. per share. vo Convertible: To and including June Transfer Agent: The Company. 30, 1931, share for share, into Class A Registrar: American Trust Co., Oakcommon, then thru Dec. 31, 1932, at rate land, Calif. of 5/6 of a share of Class A common Public Offering by: Securities Deper share of preferred, then thru Dec. partment, Laher Auto Spring Co., Inc. 31, 1934, at rate of 5/7 of a share of Dakland, Calif.,, August, 1929, at $25 Class A common per share of preferred. per share, 2. CLASS A COMMON STOCK Provisions: Has preference over B Voting Power: Non-voting except in stock as to assets, and dividends of event of dividends being passed for $1.75 per share per annum. Partici- two consecutive years. pates equally, share for share, with . (Class A after latter has received $1.75 Teanster Afent: The Company. per share per annum. In liquidation Registrar: American Trust Company, entitled to $35 per share. Oakland, Calif. 3. CLASS B COMMON STOCK Voting Power: Sole voting power unless dividends on other classes of stock are in arrears. Dividends: Dividends have been paid In varying amounts, but have not been reported. Transfer Agent: The Company. Registrar: American Trust Company. Oakland, Calif. As of Dec. 31, 1929 LIABILITIES Accounts Payable .........................$ 40,010 Accrued Pavroll .__. 1.090 Provisions: Is actual common stock of company not entitled to dividends until after they have been paid on preferred and Class A common. Entitled to $1.75 per share per annum after same amount is paid on Class A common, after which shall participate equally with Class A share for share. In liquidation receives all assets after preferred has received $27.50 per share and Class A $35 Cash coool oe Accounts Receivable .. Notes and Accepf nce" Raw Materials Work in Process Inventorv—¥in’ ¥ 23 5 2,455 6,000 £9 RR4 Total Current l.iabilities..........3 41,100 Mortgage Notes Payable.............3 36,971 Reserve for Depreciation............ 80,972 Account F. J. Laher........................ 36,912 Reserve for Bad Debts.................. 2,517 Preferred Stock .......cocceeeeeeeeen...... 88,250 Class “B” Common.......................... 500,000 Surplus ..... 84.524 Total Curr-~-Real Estate Buildings ..... Machinery _... Automobiles .. Furniture and Patents and Sign. Prepaid Expense .. Stock Subscription-(rood Wil coQ i 4 i, F8 34 £5 TOTAL ASSETS $871. 246 TOTAL LIABILITIES _.............%3871.924¢6 THE CHAS. H. LILLY COMPANY GENERAL OFFICE: 1647 W. Hanford St, Seattle, Wash. BRANCHES: Warehouse and distributing agency. Portland. Ore.: Selling Agency, Yakima, Wash.; Store at Mt. Vernon. HISTORY: Incorporated under laws of Delaware, Feb. 21, 1920. Established originally in 1889 and incorporated under Washington laws in 1905. BUSINESS: Company manufactures flour, mixed feeds and fertilizers and is extensively engaged in the growing and distribution of seeds. Also deals in grain, farm, garden and poultry supplies. PROPERTY: Company owns and operates a large plant in Seattle, with branches at Ellensburg and Yakima, Wash.; Portland, Ore. and Kobe, Japan. Seattle plant is equipped with elevator and concrete storage tanks of 400.000 bushels capacity. also docks and warehouses. SUBSIDIARIES: Yakima Seed Co., Yakima, Wash. OFFICERS: Chas. H. Lilly, Chr. of Bd.; W. H. Lilly, Pres.: Frank Leckenby, Vice-Pres. & Gen. Mgr.; F. L. Trullinger, Vice-Pres.: E. P. Lilly, Vice-Pres.: J. A. Taylor, Secy. & Treas.; H. Jennings, Supt.; Sidney Victor, Pur. Agent. DIRECTORS: Chas. H. Lilly, Frank Leckenbv. W. H. Lilly, F. P. Willy. F. L. Trullinger. xENERAL AUDITORS: C. F. Larsen. Seattle LES — THOMSON'S MANUAL [Fiscal Year Ends: July 31. Annual Meeting: 1st Wed. in Sept. [. 7% Cum. Pref. Stock...... wm S00 $750,000 $315,500 2. Common Stock . i rmemnammeeennneeee $100 $400,000 $400,000 1. 7% CUMULATIVE PREFERRED STOCK Provisions: Preferred as to assets ~ights with common only on questions ind dividends. iffecting property and total assets. In Restrictions: No mortgage can be tase 2 quarterly dividends are in arplaced on property without consent of ‘ears, preferred elects one trustee. If holders of 756% of Preferred Stock; nor lI quarterly dividends in arrears, precan sagtional Preferred ark be is- ‘erred stock elects majority of trustees. sued unless net earnings for two years 7 . past have equalled three times Pre- WL Wit he Sd pays normal ferred dividend requirements on stock Dividends: Payable quarterly, Feb outstanding and to be issued, and un- Viay, Aug., Nov. 1. Paid regularly to less net quick assets equal 150% of out- 3nd incl. May 1, 1930. standing Preferred Stock. ’ . Sinking Fund: 25% of net earnings, Transfer Agent: Corporation Trust after Preferred dividends, shall be used >0., Wilmington, Del. to purchase stock in the market up to Registrar: Bank of California, N. A, 3108 and accrued dividends or to re- Seattle. jeem the stock at that price. Publie Offering by: Ferris & Hard-Callable: At $108 and accrued divi- grove, Spokane; Geo. H. Burr & Co, 1ends. Blyth & Co., 1920, at 98. Voting Power: Has equal voting Number of Stockholders: 182. 2. COMMON STOCK Voting Pewer: Sole vote except as after till 1927 when 59% was paid; none stated under Preferred. thereafter to Mar. 15, 1930. Dividends: 5% paid 1925; none there-COMPARATIVE INCOME STATEMENT, Years Ending July 31 1929 1928 1927 eeeanna $2,266,806 $2,676,660 $2,565,199 20,751 1,.072 32,833 D.182.4°29 2.77 13 2,421,682 $ 110,684 2,673 113,257 61.187 52,070 20.391 Gross Sales ..... Depreciation ie Dperating Expense. Taxes, Etc......._ en Net INCOME roeeieeecieimicmeeemees Preferred Dividends ................. Common Dividends ........coccceeeeeeeae. Surplus for the Year... Earned, per Share Preferred Stock........... Earned, per Share Common Stock __..............{ -Deficit. COMPARATIVE CONSOLIDATED BALANCE SHEET, As of July 31 ASSETS— 1929 1928 1927 Plant and Equipment... .....$412,802 $427,689 $424,609 Other Investments .......oocccecoecoceaaannee. .. 10,724 10,724 8,985 Deferred Charges ..ooccccoeecciiemmcaaaennns - 16,322 9.842 12.205 Current Assets— Inventories ee TIABNL. oon eerrmn smn mame immm RS ASR AS SAR ARE SE Sr — Bills and Accts. Receivable... as Life Insurance, Cash Value . ee eeeeneemmmamanmannnann AAVANCES ceeceeieeeeeacia cae emeenmanane NDther Current ASSetS..ceocooiiaiiccinaaas " Total Current ASSES. cooeiiiinenieiioneceseenneeennn $702,957 TOTAL ASSETS eeeeeeeeeeaeeeeaan one ennnnenn $1,142,805 LIABILITIES— Preferred Stock .... . reeenaenu$31E,500 Common Stock ............ Co eeeeeennenenns 400,000 Minority Interest ..... rman ERTIES 3,162 SULPIUS eeceeeem eee eee acacia este ae nme se em ae me eenam nena nn nnnnn PENA Current Liabilities— Notes and Accts. Payable ............_.._. eemeanes Accrued Liabilities Provisions for TaxeS............... .... Total Current Liabilities. ooo ee 467,359 50,807 152,887 24,891 10.719 $706,663 £1.152.462 $321,300 400,000 2,791 248,893 161,153 10,000 8,325 $179,478 $1,152,462 $527,185 3.92:1 162.22 TOTAL LIABILITIES ............... reeenn Net Working Capital... iil Ratio Cur. Assets to Cur. Liabilities. .................. Pook Value Common Shares i 05 k ES weil £155.02 1 139,54 . 185,411 3.45:1 +153.86 'NDUSTRIAL> oT Mac MARR STORES, INC. GENERAL OFFICE: 507 Weatherly Bldg. Portland, Ore. HISTORY: Incorporated under laws of Maryland, Jan. 15, 1929. BUSINESS: Company operates directly through subsidiaries, 1,409 grocery stores, 408 of which include meat markets. The chain includes 23 warehouses, 5 bakeries, 2 creameries, 6 wholesale grocery houses and one coffee and spice wholesale house. The operations are conducted in California, Arizona, Washington, Oregon, Idaho, Montana, Colorado, New Mexico, Wyoming and Nebraska. On the basis of total volume in 1929, the company ranks second among the grocery chains west of the Mississippi River. ODFFICERS: Ross McIntyre, Pres. and Treas.; C. E. Marr, Vice Pres.: G. W. Joseph, Sec'y.; J. L.. Bush, Asst. Sec'y.; C..D. Randall, Asst. Sec’y.; J. Courtney Ivey, Vice Pres.; Hubert H. Harrigan, Asst. Sec'y. DIRECTORS: Ross McIntyre, B. E. Haney and C. E. Marr. GENERAL COUNSEL: Joseph, Haney & Littlefield, Portland, Ore. GENERAL AUDITORS: Peat, Marwick, Mitchell & Co. Fiscal Year Ends: Dec. 31. ORGANIZATION, As of Dec. 31, 1929 During 1929 the company acquired directly or through subsidiaries, the assets and businesses of the following concerns: International Sales & Produce Co.—98 grocery stores, 5 of which included meat markets, in Oregon, Washington and Northern California, and warehouse at Portland, Ore. Marr's—79 grocery stores in Idaho, Montana and Washington and warehouses in Spokane and Seattle, Wash. Ntone’s Cash Stores, Ine.—29 grocery stores and 3 meat markets located in California, Idaho, Oregon and Washington. Consolidated Stores, Inc.—63 grocery stores in Oregon and Washington, and a warehouse at Portland, Ore. LaGrande Grocery Co.—9 grocery stores located in Oregon and a warehouse at LaGrande, Ore. Western Piggly Wiggly Ce.—51 grocery stores, 15 of which included meat markets, located in Idaho and Washington, and a warehouse at Spokane, Wash. MiancLean Bros. Ine.—21 grocery stores located in the City of Tacoma, Wash., and vicinity, and a warehouse at Tacoma, Wash. Eagle Stores, Ime.—37 grocery stores and a warehouse in the City of Portland, Oregon. Piggly Wiggly Co. of San Joaquin Valley—10 grocery stores, 4 meat markets, 1 warehouse and 1 bakery in Stockton, Calif., and vicinity. Von's, Inc.—87 grocery stores and 1 warehouse in Los Angeles and vicinity. E. A. Morrison, Inc.— (Subsidiary, Crown Emporium)—85 grocery stores, including 31 meat markets, 7 delicatessen stores and 1 bakery shop, in Los Angeles, Pasadena and vicinities. Mutual Stores, Inc.—281 grocery stores, 48 meat markets and 17 delicatessen stores in San Francisco and vicinity. Also operated bakeries in Oakland and San Francisco, as well as 2 warehouses, a creamery and coffee roasting plants. Pigely Wiggly Puget Sound Co.—(Subsidiary, Tacoma Piggly Wiggly Co.)—57 grocery stores and 5 meat markets in Seattle, Tacoma and vicinities, also two warehouses. Heller’'s—42 stores, one bakery and one warehouse, in San Diego, Calif. Piggly Wiggly Laws Co.—7 grocery stores, 4 meat markets and 1 warehouse in Modesto, Calif., and vicinity. Economic Food Co.—(Subsidiary, Piggly Wiggly Kern Co.,Inc.)—43 grocery stores, 4 meat markets and 1 warehouse in Fresno, Calif.,, and vicinity. Bay Cities Mercantile Co.—49 grocery stores, 27 meat markets and 1 warehouse in Los Angeles and vicinity. Bavless Stores, Ine.—9 grocery stores in Phoenix, Ariz, and vicinity, all of which had meat and vegetable departments; 3 had drug departments and 1 a delicatessen; also operated 1 warehouse. Dwight Edwards Co.—Wholesale eoffee roasting business in Portland, Ore. as well as a business of importing and manufacturing teas, spices, etc. Ham-Jackson Co.—Conducted a printing plant in Portland, Ore. The Snodgrass Food Co.—(Subsidiaries, the J. F. Sherman Mercantile Co. and the T. R. Coulson Fruit & Produce Co.)—43 grocery stores, 40 meat markets and 5 warehouses in Colorado and New Mexico and a bakery in Colorado. Continental Food Stores, Inc.— (Subsidiary, the Piggly Wiggly Co. of San Francisco including Coast Piggly Wiggly Co.)—164 stores and 9 markets in Colorado, California, Wyoming, Nebraska and New Mexico; also 4 warehouses Self Service Grocery Co.—7 stores in and near Great Falla Mant 58 THOMSON'S MANUAL CAPITALIZATION, As of March 25, 1930 Par Value Authorized Outstanding t. Pref. Stock, 7% Div. Series........... $100 $9,000,000 *$8,500,000 Not Yet Classified Into Series........... $1,000,000 J ), Common Stock ....... eet veereeememnnee NO Par *%1,000,000 shs 772,554 shs ¢Including $685,400 par value issued or issuable under existing agreements. *%84 813 shares reserved for exercise of Warrants which entitle the purchase 5f Common stock of $30 per share on or before December 31, 1933. 1. PREFERRED STOCK, 7% DIVIDEND SERIES Transfer Agent: Chase National Bank, New York. Registrar: Commercial Nat. Bank & Trust Co., New York; National Shawmut Bank, Boston, Mass. Legal Opinion by: Chadbourne, Hunt, FJaeckel & Brown, New York. Public Offering by: Merrill, Lynch & Co. E. A. Pierce & Co., April, 1929, at 110 with warrants, and Feb. 27, 1930, at 103. Listed on: New York Produce Exchange. Price Range ¥1930 1929 High .... . oo... 104 120 LOW coememecaaeees eeenmnae 90 90 *To June 30. Provisions: Preferred as to divijends, and as to assets in case of liquidation, either voluntary or involuntary, at $110 per share and accrued jividends. Also entitled to cumulative dividends at the rate of 7%. The Preferred stock is not entitled to any preemptive rights to subscribe for additional issues of stock of any class. Dividends: Payable quarterly, Jan, Apr., July and Oct. 1. Initial quarterly dividend of $1.75 declared paid July , 1929, and $1.75 quarterly since, in-»luding April 1, 1930. Ex-Dividend Dates: Mar. June, Sept. and Dec. 20. 2 COMMON STOCK Provisions: Common stock is subject to the preferences of the Preferred stock as set forth in the certificate of incorporation as amended. Among ‘hese provisions are the following: No additional shares of Common stock shall be issued for cash without first being offered for subscription pro rata to the Common stockholders except (1) shares issued upon the exerrise of Common Stock Purchase Warrants which evidence the right to purchase Common stock at $30 per share sn or before Dec. 31, 1933; (2) shares issued to employees of company and/ or its subsidiaries; (3) shares constituting part of the first 800,000 shares issued (exclusive of shares issued upon exercise of Warrants). Common stockholders have no preemptive right to subscribe for additional shares of Prefarred stock with or without Warrants. Dividends: Initial quarterly dividend of 25 cents a share (placing the stock on a $1 annual basis), paid May 1 to stock of record April 20, 1930. Transfer Agent: Chase Nat. Bank, New York. Registrars: Commercial National Bank & Trust Co., New York; National Shawmut Bank, Boston, Mass. Legal Opinion by: Chadbourne, Hunt, faeckel & Brown, New York, for the sankers, and Joseph, Haney & Littlefield, Portland, Ore.. for the corporasion. Public Offering by: Merrill, Lynch & Co., New York, April, 1929, 50,000 shares at $35 per share. * isted on: New York Curb. Lice . mngc *1930 1929 igh reer 24 3 431% Low eevee] 8 20% «Tn | *. INCOME STATEMENT, Year Ending Lec, 31, 1929 Wel Bolel iucamummmmmmmmsen sevens Cost of Sales and (General Expense.......... eeeenn...$83,972,105 Ce reereeeneee %1,209.716 i 2,762,389 127189 Net Earnings ... Other Income .._.. Total Income . ...... $2,775,578 Depreciation ieee meme eemn amas EE ean 379,646 FOAETA] TAXES eoooeooeeeeeeeeeeeeeeoeemseeaaszmsemmeaseetmmommmsss eeemetsssestemosoioocmssrseesssesesssiisesstesiasas 222.408 Net Income ..ooooomimiiiiieeeeeeneees + 2,173,524 Preferred Dividends _......fioiiiiioiiiaen. 222.943 SUTPIUS TOT the JOA. neice osereccemmemsereemsenrne srr sasee renee anes snes, 850,581 Earned, per share Preferred STOCK... oom nea $27.81 Tarned. per share COMMON STOCK. iiiiveeecaceccocomrammmrmmemassaassanmnsnasomasasasaessnnans 2.11 EARNING SUMMARY Stores at End of Year Net Sales 8 $46,557,510 1,057 58,007,056 1,274 75,918,747 1.394 R7.237.976 Earn. per Share Vet Earnings Com. Stock $1,085,980 $ .70 1,493,648 1.23 2,047,860 1.95 92179 523 2.11 INDUSTRIAL TONSOLIDATED BALANCE SHEET, As of Dec. 31, 1929 ASSET Cash ...... © mmmeeenean enema Accounts Receivable ........ Advances on Purchases..............._ Merchandise Inventory ... —s Total Current Asset. — Prepaid Expenses ......oooooiiiooieceeeee oo. [.Land, Bldgs. and Equipment.......................... TOTAL ASSETS LIABILITIES-Notes Payable oo. Accounts Payable ....... Accrued Expenses ....... ... Accrued Dividends ......... Federal Tax Reserve... p 1,444,696 528,753 58,656 8,274,367 9 y89.139 *“B5 549 640 650,000 2,176,490 404,027 135,756 218.128 Total Current Liabilities... iin 3,585,580, Mortgages Payable ooo eee eee eee 104,038 Preferred Stock ... ST EP PE eee. Fei 1E S11) Common Stock .... REE SS mn mn RAS 8 er im 777,919 Paid-In Surplus ............. ceemreernnenannenanannennnraeaananeenanneneee 2,378,988 Earned Surplus ............... R88.694 TOTAL LIABILITIES oii eee 20 h41() Net Working Capital. oo eee eee Ratio Current Assets to Current Liabilities..................._. Book Value Common shares...... — ba McLENNAN., McFEELY & PRIOR. LTD. GENERAL OFFICE: Vancouver, B.C. HISTORY: Incorporated under laws of British Columbia, 1928, as a consolidation of McLennan, McFeely & Co. Ltd. Vancouver, established in 1886. and E. G. Prior & Co., Ltd., Victoria, established in 1859. BUSINESS: Company is wholesaler of general hardware, holding many valuable exclusive agencies for the Province of British Columbia for iron and steel, shelf and heavy hardware, mill, mine, logging, railroad and contractors’ supplies, sporting goods, radios, automobile accessories, etc. OFFICERS: Andrew Houstoun, Pres.; Gordon Farrell, Vice-Pres.; C. P. W. Schwengers, Man. Dir. DIRECTORS: Hon. Sir F. S. Barnard, K.C.M.G.: R. P. Butchart, Gordon Farrell, Andrew Houstoun, J. H. McLennan, H. A. Ross, C. P. W. Schwengers. Frank Wilkinson. GENERAL AUDITORS: Helliwell, Maclachlan & Co.. Vancouver CAPITALIZATION, Ax of Dec Par Value LI. 613% Cum. First Pref. Stock.......... $100 2. 61% Cum. Second Pref. Stock........ $100 3. Common Stock ea ——— 31 i. 61%% CUMULATIVE PREFERRED STOCK Provisions: Has preference as to as- juired. Company cannot without consets and cumulative 61%9% cash divi- sent of majority of issued First Pref. dends. Entitled to 105 in voluntary li- shares issue or allot any of the First quidation and 100 in involuntary. ref. shares in excess of nominal or par No dividends shall be paid on any ralue of $1,200,000. shares other than the First Pref. shares Callable: As a whole or in part on if net current assets would .be reduced 30 days’ notice at 105. below 125% of par value of issued First Voting Power: No vote unless and Pref. shares or if the total net tangible itil company is in default in 6 quarassets would be reduced below 175% erly dividends when it is entitled to of par value of issued First Pref. ne vote a share. shares. Dividends: Payable quarterly Jan. Company shall not without consent of ipr.,, July and Oct. 1; paid Oct. 1, 1928. majority of First Pref. shares mortgage f 1% 9% per share. or encumber any assets, real or per- Ex-Dividend Date: Dec. 24, etc. sonal, or create any additional Pref. Transfer Agent and Registrar: Royal shares ranking in priority to or pari Trust Co., Vancouver, B.C. passu with the First Pref. shares of Legal Opinion by: Griffin, Montgomthis issue provided that the Co. may ery & Smith, and Davis, Pugh, Davis, give security to its bankers in ordinary Hossie, Ralston & Lett, Vancouver, B.C. course of business and may renew ex- Publie Offering by: A. E. Ames & Isting mortgages or give security for Co., Vancouver, B.C., Aug.. 1928 at purchase price of any new property ac- 9614. 2, 61%% CUMULATIVE SECOND PREFERRED Provisions: Has second preference as Dividends: Payable BD Jurors and 614% cumulative divi- Apr... July and Oct. 1 dende THOMSON’S MANUAL MALMO & COMPANY GENERAL OFFICE: 6620 Ellis Ave, Seattle, Wash. HISTORY: Incorporated under laws of Washington in 1925, succeeding to a business established by Charles Malmo in 1893. BUSINESS: Production and distribution of commercial and ornamental nursery stock, seeds, commercial fertilizers and garden implements. Company distributes evergreen shrubbery throughout the United States. PROPERTY: Company owns triangular shaped block bounded by Westlake and 6th avenues and Virginia street in uptown Seattle, improved with a two-story suilding, used as a retail store by the company. Twenty-eight acres on Ellis Ave, Seattle (adjoining Boeing Field airport on the north), set to nursery stock. Tracts A and B, corner Ellis Ave. and Marginal Way. Seventy-eight acres at O'Brien, in King County, Wash. 8 miles south of Seattle, set to nursery stock. Company owns the Norway Hotel, a brick building at 716 Dearborn St., Seattle. DFFICERS & DIRECTORS: Charles Malmo, Pres.; Clarence O. Malmo, Vice Pres. & Treas.: Prescott C. Malmo, Sec’y.; R. L. Guttebo, Vice Pres.; C.-L. Harrison, Director; H. A. Sampson, Director. Fiscal Year Ends: June 30. Annual Meeting: 1st week in Jan. Number of Employees: 50 to 100. CAPITALIZATION, As of June 30, 1930 Par Value Authorized Qutstanding l. 7% Cum. Preferred Stock................. $100 10,000 shs 6,133 shs 2. Common Stock ocean ceeee-e....NO Par 30,000 shs 26,413 shs In 1929, capital was increased from 2,500 shares Preferred stock, $100 par value, to 10,000 shares, $100 par value, and from 2,500 shares Common stock, no sar value, to 30,000 shares, no par value. Common stockholders were given 10 new shares for each old share. 1. 7% CUMULATIVE PREFERRED STOCK Provisions: Preferred as to 7% cumu- Dividends: 7% per annum, paid quarative dividends and as to assets in terly, Jan., Apr., July and Oct. 1, since svent of liquidation. stock was issued. Callable: After Jan. 1, 1930, at 105 Transfer Agent & Registrar: The per share. company. Sinking Fund: After July 1, 1930, Public Offering by: The company, in 259% of all net profits shall be set units, 1 share Preferred and 1 share aside for retirement of Preferred Common, at $100 per unit. stock. Number of Stockholders: 300. 2. COMMON STOCK Voting Power: Sole voting power. Funded Debt: None. Bonds due. Dividends: 23e per share paid Apr. 1024-1930 were retired in 1925. and July 1. 1920 INCOME STATEMENT. Year Ending June 30. 1929 BALOE .eripmpes BORE OF BRIEE ooo eeeeeerercreerrenmmm abs HERS SSO ER SES La srs wm Iperating Expense, Depreciation and Taxes ..ccoovmriimnecnene. eee $3215,581 ereeeeeen D0,308 ees eee T7517 TOA] TTMCOIIIE noose ceeceeeeeommmaameec memes enc nmsenmmmsen oan imemmeemesmsmmescncanss errand 93,243 nterest, Discount and Federal TaX ....cccomreomommimrmare ss somtncaancss enansesoes 15.839 ee 17,404 _____..% R8.513 Net Earnings ..... Other Income ...... Net Profit .......... DIvIiAends .cowioccmomsis ssisssei SUrplus for the VeaT. ooo ieeoeemiiammresinnaerens comemaonacaanens BALANCE SHEET. As of June 20. 1929 AQQRERTS LIABILITIES ASN eee eeeeeeeeeeaereeneenneeeeeene-$ 30,830 Accts. & Notes Receivable... "£975 Stock Purchase Contracts ........ 4,560 Inventorv RAK and Notes Payable eeccceececccaeceeeen$ 37,000 Votes & Acceptances Payable ... 6,216 i1ccounts Payable .oceeeeireccceeees 22,630 Dividends Payable ..ocoianeeee 5,021 Local Imp. Assessment... 1,451 Taxes Payable oomoriiaaaaiee 1,611 Due Company Officers................ 6,873 Tenants’ lease Deposits... .ccce.eet 1.250 Total Current Assci. rene Real Estate o.oo J Buildings & Equipment. —— Other Property iis Prepaid Interest ....... coi. Prepaid Insurance ...........c.ccccoceeeee TOTATL., ASSETS .... .eea.. .™792.571 346,069 70,617 £227 33,919 264 a5 Total Current Liabilities......s £2,952 Japital Stock ........ eemaaeaeneee 023,027 SUTrPIUS cereeccamececaneceere nome easconmenenn 165.092 TOTAT. T.TARILITIES $872.57] {(NDUSTRIALS 36) MALTBY-THURSTON HOTELS, INC. GENERAL OFFICE: 706 Pike Street, Seattle, Wash. HISTORY: Incorporated under laws of Washington, successor of a partnership, having its inception in 1911, when H. E. Maltby and S. W. Thurston leased the Wright Hotel, 710 First Ave. Seattle. Leases on other historic and well-known hotels were acquired as follows: Brunswick, 1913; Rainier Grand, 1916 (torn down in 1930 to make way for federal postoffice); Stevens, 1917; New Richmond, 1918; Lincoln, 1919 (destroyed by fire in 1920); Georgian, Imperial, Georgian Annex, McKay, all in 1920; Windsor, 1923; Waldorf and Wilhard, 1924. All of the foregoing hotels were disposed of by the company for various reasons, at various times. OEPRATIONS: Maltby-Thurston Hotels, Inc, acts as a holding company, supervising operations of subsidiaries, either wholly or partly owned through holdings of both Preferred and Common stocks thereof. Subsidiary companies’ holdings variously comprise ownerships of titles, or of rights to titles, of leaseholds and of operating leases. Ten hotels were operated in 1930, as follows: The Bellingham . . Bellingham The Lewis-Clark ._..... The Benjamin F Seattle The Marcus Whitmes: The Cambridge Seattle The Monte Crist The Camlin ........ Seattle The President The Columbia .......... wenatchee The Waldorf . Contracts have been made for the following: One-half interest in operating lease upon, with eventu: Ppl unity to acquire title to, the Boise Community Hotel, Boise, Idaho, upon which construction was commenced in 1930. Operating lease upon new Roosevelt Hotel, construction upon which started in 1930, being built by the First Realty Corporation on the southwest corner of ith Ave. and Pine St., Seattle. One-half interest in operating lease upon the Edmond Meany Hotel, the University District Community Hotel, at East 45th St. and Brooklyn Ave., Seattle Construction expected to start in 1930. OFFICERS: S. W. Thurston, Pres.; H. E. Maltby, Sec'y.-Treas. DIRECTORS: H. E. Maltby, Seattle, Treas.; S. W. Thurston, Seattle, Pres.: W. D. Comer, Seattle, Pres. Puget Sound Sav. & Loan Assn.; N. B. Hannay, Mt. Vernon, Pres. First National Bank; E. L. Mann, Wenatchee, Capitalist; Charles T. Donworth, Seattle, Attorney-at-Law; Earl McInnes, Bellingham, Mgr. The Bellingham Hotel; Troy E. Mimmelman, Seattle, Mgr. The Benjamin Franklin Hotel: H. P. Pratt, Seattle, Partner, H. P. Pratt & Co., Investment Securities; S. P Barash, Seattle, Real Estate & Investments; H. W. Casson, Seattle, Auditor GENERAL COUNSEL: Chas. T. Donworth, Seattle, Wash. GENERAL AUDITORS: Harold L. Scott & Co., Seattle. Wash. Fiseal Year Ends: Dec. 31. 1. 2 ? CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized ceeeeeeeee..NO Par 10,000 shs sree 0 PAY 60,000 shs No Par 60 000 shs 37 Preferred Stock..o....oo...... Class A StocKo..ooo........ Common Stock Outstanding 4,314 shs 20,000 shs 29 447 shs 1. 87 PREFERRED STOCK Provisions: Preferred as to $7 per same rate upon payment of a premium year cumulative dividends and as to of $2.50 per share for Class A stock, 3100 per share in case of liquidation, and from Sept. 1, 1935, to Sept. 1, 1937, either voluntary or involuntary, over at the rate of $5.00 per share. In case any other class of stock. of conversion at other than quarterly Callable: As whole or in part, on declared dividend dates, company will any dividend date after Sept. 1, 1931, at [Ssue a warrant for proportionate divi-105 and accruals, on 30 days’ notice. lends to date of conversion. Convertible: At option of holders on Company covenants that no dilution or after Sept. 1, 1931, and until Sept. ©°f Class A or Common stock equities 1, 1933, into Class A Participating Pref- shall ever occur which would be detrierence stock, at rate of four shares of mental to these conversion privileges. Class A stock for one of Preferred; Dividends: Payable quarterly, Jan., from Sept. 1, 1933, to Sept. 1, 1935, con- Apr.,, July and Oct. 1, paid regularly to version privilege is extended at the July 1. 1930. 2. CLASS A PARTICIPATING PREFERENCE STOCK tion and in any benefit accruing from or title to any surplus and undivided profits. If, for any given semi-annual or greater period, dividends are declared on the outstanding Class A Participating Preference stock and not »n the Common stock, the Class A Paricipating Preference stock shall not thereby be deprived of its subsequent nterest in earnings above the rate of Provisions: Preferred as to cumulative dividends at the rate of 87% cents per share per six months dividend period, before any declarations of dividends on Common stock. After declaration of dividends of like amount per share on Common stock, all Class A Participating Preference and Common stock to participate equally (share for share) in anv further dividend declara- 0 THOMSON'S MANUAL 371% cents per share per six months period on all Class A Participating preference and Common stock. Preferred as to assets over the Common stock in case of voluntary or involuntary liquidation to the amount of $30 per share; after liquidation of Common stock at $30 per share, any remaining assets shall be divided between all outstanding Class A Participating Preferance and Common stock, share for share, proportionately. Convertible: Non-voting except that 1fter passage of dividends as provided for two years, it shall rank pari passu with the Common stock, share for share in voting rights. Dividends: $1.75 per share, per annum, payable semi-annually, Jan. and July 1, paid regularly to July 1, 1930. Listed: On Seattle Curb Exchange. COMPARATIVE INCOME STATEMENT, 9 Months Ending Dec. 31, 1929 Gross Revenue (7 hotels) ...... eee $695,778 Nperating Expense .......... eeeemeeremaerenanaenenee 473,498 Net Earnings ... eeeeet eee oaeennn emma $222,280 Add Cafe Profits...... — Ce eememeaefeaneesseSeoeoeceemmeesieeseseeseieeiiiieoiieessiiesioie 4,628 Add 250 Elman Hotel Profits. ieee eeecicoctimrarmmee amore eran na anas 5288 Total Income ... ess Depreciation, Amortization... cereeeeeeeenn- $232,196 eerie. 64,356 Federal TAXES auieerreceemecccimcemarecnnmnr mm naenamasaonamnananes nterest Paid ooo Net Income (Actual 9 months on 7 hotels) cnet renee $58,959 Net Income (Estimated on annual DBaSISY eee 71,833 Company estimates that annual net income from entire operations, including new hotels now operating and to be operating (based on 19 vears' experience) will be $129,246. CONDENSED BALANCE SHEET, As of Dec. 31, 1929 (After Giving Effect to Certain Pending Financing) ASSETS LIABILITIES Due from Subsidiaries...............$ 140,603 Accrued Payroll Due from Allied Companies.... 1,369 Accounts Payable . Subscrip. to Capital Stock....... 500 Due to Subsidiarie: Stocks of Subsidiaries— Preferred Stock Preferred «............. eee. 385,850 Class A Stock........ COMMON eooeeeeeeeoeeeeeeeearacnnneeneneee. 1,070,655 Nommon Stock .cciiiiiiieens TOTAL ASSETS viene $1.598.980 TOTAL LIABILITIES ..........51,598,980 FONSOLIDATED BALANCE SHEET (Including Subsidiaries), As of Dec. 31, 1929 (After Giving Effect to Certain Pending Financing) ASSETS LIABILITIES Current: PMAED ..ooroemnemmA ERE en Accounts Receivahle ....... we Prepaid Expenses ............ Accrued Int. Receivable.......... (nventories _............... I Total Current Assets...__.......t Fixed: Land & Bldgs. Fee Title. ... 1,637,117 Furniture & Equipment... ... 469,680 Leaseholds ....... .... 944,094 AULO BUS cioimeeemeecceaceonenee cceeemanens 1,583 Montracts Receivable _.............. 97.2R7 Total Fixed ASSetS..............$3,149,¢. Investments in Allied Co.s........ 52,291 Due from Asso. Companies... . 71,093 Appraised Val. of Leaseholds: 89,570 Due from Stockholders............ .- 7567 Subserip. to Capital Stock... 4.377 TOTAL ASSETS .ooooiiieeennn$3,433.479 tPRanlk value per share. $22.54. Current: Votes Payable ..coocoveoccrceccccnnel$ rgxes Payable iinet Accrued Interest ........ocoooceereens Total Current Liabilities......$ 58,616 3onds Payable omer 271,160 Viortgages Payable .._......... 39,194 teal Estate Contracts................ 357,100 ‘ontr. Payable—Leasehold........ 298,589 Jue on Furn. & Fix. cee. 254,353 ,. I. D. Assessments................ 2,875 Jnsecured Notes Payable... 32,500 >repaid Sub-Rentals .....ccooooveeeee 10,520 >réferred Shares .oooooeeoiimeeeeees 431,415 Jlass A Shares...oooeeeooeees 500,000 ‘Common Shares .........coocceeeceeees 663,763 vdinority Interests .........ccoceeeees 13,403 TOTAT., LIABILITIES ene.$3.433.479 INDUSTRIALS Yu I. MAGNIXN & (CO. GENERAL OFFICE: Grand Ave. at Geary St., San Francisco, Calif. HISTORY: Incorporated under laws of Delaware, Nov. 19, 1919, as successor to a business founded in 1876 and originally incorporated under the present corporate name in 1900. BUSINESS: Sale at retail of women’s and children’s wearing apparel and accessories. PROPERTY: Stores at San Francisco, Oakland, Hollywood, Pasadena, Coronado, Del Monte, Montecito, Santa Barbara, Los Angeles (2), Calif.,, and Seattle, Wash. DFFICERS: E. John Magnin, Pres.; Grover A. Magnin, First Vice Pres.; Mary Ann Magnin, Vice Pres.; R. D. Carpenter, Vice Pres.; Samuel Magnin, Sec'y-Treas. DIRECTORS: E. John Magnin, Grover A. Magnin, Mary Ann Magnin, Dean Witter, Jesse W. Lilienthal, Jr., Samuel Magnin, R. D. Carpenter, Edwin Joseph. GENERAL AUDITORS: Lester, Herrick & Herrick. Fiseal Year Ends: Dec. 31. Annual Meeting: 2nd Mon. in April. Number of Employees: 1.200. EARNINGS Net Income After Tax $477,966 570,084 522,556 777,025 788.041 Earned Pref Stock Available for Per Share dividends Com. Stock Com. Stock 531,899 1446,067 $1.56 24,342 545,741 1.91 22,956 599,599 2.10 20,970 756,055 2.65 81,652 706,385 2.44 TQ Sales 5,980,564 1,225,263 "363,486 487,318 1.984.159 CAPITALIZATION, Ax of Dec. 31, 1929 Par Value Authorized 1. 6% Cum. Preferred Stock............. $100 15,000 shs 2. Common Stock .. vevereeewnnoNoO Par 500.000 shs Outstanding 13.518 shs 290.101 shs Il. 6% CUMULATIVE CONVFRTIBLE PREFERRED STOCK annum since date of issue in 1928. Transfer Agent: Wells Fargo Bank & Union Trust Co., San Francisco. Registrar: Anglo & London, Paris National Bank, San Francisco. Legal Opinion by: McKinsley Haber Firebaugh for underwriters; Heller, £hrman, White & McAuliffe for the rompany. Public Offering by: Dean, Witter & oo Strassburger & Co., Oect., 1928, at Listed on: I.0s Angeles Stock Exthange and San Francisco Stock Exchange. Price Rang Provisions: Has preference as to assets and dividends, cumulative from Nov. 15, 1928, at rate of 6% per annum. In voluntary liquidation entitled to $105 per share; involuntary, $100. Callable: At 105 per share and accrued dividend on 30 days’ notice. Convertible: Into Common at the rate of 3 shares of Common for each share of Preferred up to and including Nov. 15, 1932; thereafter at 2% for one. Voting Power: None unless dividends are 2 years in arrears, in which event Preferred stock holders may elect board of directors. Tax Status: Company pays normal 2% Federal income tax. Dividends: Payable quarterly, Feb. May, Aug... Nov. 15th. at rate of 6% per High .... l.ow 9 1928 _5 109 96 101 2. COMMON STOCK Voting Power: Has sole voting Co. and Dean, Witter & Co., San Franpower. cisco, April, 1925. Dividends: Payable quarterly, Jan. Listed on: San Francisco and Los de. aaRt, 33) AAT, 3) ask and 5¢ Angeles Stock Exchanges and traded . 1928, 3 , 7 2. York C ixch ) Transfer Agent: Wells Fargo Ban oh New Yor arh Exchanae & Union Trust Co., San Francisco. ire P---Registrar: Anglo California Trus “n., San Francisco. Public Offering by: Strassburg 927 1926 1925 281% 2514 24 163% 19% 13 COMPARATIVE INCOME STATEMENT. Years Fp-in-Ne Gross Sales ....oo.......... ee an Cost of Sales. Expenses and Taxes 37,3.13 = n'oq3 Net Earnings _............ Preferred Dividends o.oo... 5 Nn Balance ................ . eeemenaemeeneen——_ Preferred Shares Outstanding.............ocooooeiiiiiicoceirccccnns Earned, per share Preferred...............ccoooiiioeiimoooeeeeaaacnnes Common Shares Outstanding............c..coooviimiieeeeoeeeaeeeeeeenn Earned. per share Commor Co a 055 91 56 627 “AB LW 2 40.100 29 44 THOMSON'S MANUAL COMPARATIVE BALANCE SHEET, As of Dec. 31 “929 375,426 310,094 2,687,458 32,252 ' 491,683 289,868 112,958 29,886 174,129 242,755 1 ....56,646,510 ASSETS— Cash ..... Securities ........... Accounts Receivable ores ther Accounts, Receivable. mmmsiomestimststsios sesame Merchandise .... ..ccoecen \ manEnsmsEEAEnS nnn nnn ne nnn sma gman an mean S Advance spring purch. ..... eeeeeeeaan ~dfe INSNTAT0E .cccommmmssmmmsssis ARRAS eeemeeeenenaaan Common Treasury StoCK oo i ieee mneenan Fixtures and Building.............. emer eemmmemmeeemeecceeemeeeneeennn Deferred Charges .... mmm ememnemmenemeaanaeas Foodwill 5 RRR RRA TOTAL ASSFTR LIABILITIF Declared Capita. wens a 293,466 Preferred Stock ememmeencaneneernenenennnneena 1,801,800 Notes Payable .... .. .crisummenmn eee eee neeeeanreennmnsmnnnaeneenennee 000,000 Mdse. and Accounts Payable... cociieeeicccceeeneeces 816,976 Federal Taxes -.. ee eeommmemmememnemneenemnne emmeeee ee 97,5647 Reserves ...... 15,906 Surplus oe ee 361,828 Res. for Com. Dividends ..... 108,787 TOTAL LIABILITIES eee. Total Current ASSetS. cocoons — Total Current LiabilILies........c.oumminiissiemsmsmes sass sraasnsssnson Net Working Capital...... $2.711.256 1928 607,961 288,065 2,350,510 95,786 1,182,113 281,766 100,846 632,895 192,727 1 $5,732,670 $2,156,937 1,479,100 825,898 107,348 6,488 1,085,493 71,406 $5,732,670 $4,907,046 933,247 $3.973.799 MANNING'S. INC. GENERAL OFFICE: 515 Maritime Bldg. Seattle, Wash. HISTORY: Incorporated under laws of Washington, Jan. 1, 1923. BUSINESS: Company carries on general wholesale and retail business in teas, coffees, spices, etc. Operates lunch counters and restaurants. PROPERTY: Company owns and operates manufacturing plants and 38 retail anits in Washington, Oregon and California. DFFICERS: W. W. Manning, Pres.; E. M. Manning, Vice-Pres.: D. Rae Te Roller, Secy.-Treas. FENERAL COUNSEL: Baily, Croson & Innis, Seattle, Wash. CAPITALIZATION , As of Jan. 31, 1930 Par Value Authorized Outstanding 1. 79% Cumulative Preferred Stock.......... $25 30,00 shs 8,000 shs 2. Common Stock, SeriesA.................... No Par 100,00 shs 60,000 shs 3. Common Stock, Series B............... No Par 25,000 shs 5,000 shs 6,000 shares Series A and 5,000 shares Series B issued to old stockholders in axchange for old common and preferred stock. 1. 7% CUMULATIVE PREFERRED STOCK Provisions: Preferred as to annual Callable: On 30 days’ notice at $26.25. cumulative dividend of 7% and as to Voti Power: Non-voting except in assets, in liquidation, to the extent of , o ilar oro has 5 d 5 2 325 per share. No stock having prefer- event of failure to pay dividends tor ance or priority may be issued without successive years ronsent of 3; of Preferred stock. 2. COMMON STOCK, SERIES A ~ _ Provisions: Series A has sole voting when the preferred stock assumes votights except when dividends on Pre- ing power ferred stock are 2 years in arrears. 3. COMMON STOCK, SERIES B Provisions: Series B stock is non- Series A. Series B was sold to emvoting. otherwise on a b»paritv with plovees at $20 per share. BOND VALUE TABLES INTEREST TABLES BOOKS ON FINANCE Will send on approval to any rated firm. Most complete stock in Pacific Northwest. THOMSON’S BUSINESS BOOK SERVICE Qeattle. Wash. INDUSTRIALS COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 1929 8 sv om sma da, 087.66" wieevereeee. 1,0RB.7 Gross Profit ...... Other Income (Rentals). ................. _ ___ 2 1927 "2,352,466 1,478,069 Gross Earnings ... Expenses ...... Profit From Operations......... Other Income .... Net Income ................... Federal Income Taxes.............._... Balance for the Year.............. BALANCE SHEET ASSETS Dec. 31, 1929 LIABILITIES Accrued Wages .... RO UT | Notes & Acceptances Payable... 21,148 Accounts Payable ...... . .......... 51934 Accrued Interest and Taxes.......... 7,124 Federal Taxes ........ cosemenenis. V2: 340 Other Liabilities ........ an 17,390 Preferred Stock ..........coocceneeeeee. 119,675 Common Stock ..........coceeeeeeeeee.. 437,940 Surplus ..... 170.464 Cash oon Accts. and Notes Receivable Inventory ................ Pref. Stock Subsecriptior Due from Office. ST na T Total Current Lease Deposits .. Property and Fo Real Estate ....... Deferred Charges . TOTAL ASSETS 74 2 TOTAL LIABILITIES ................$874.852 MORRISON-KNUDSEN COMPANY GENERAL OFFICE: Boise, Idaho. HISTORY: Incorporated under laws of Idaho. Originally formed as a partnership in 1912. BUSINESS: Company's business consists principally of construction and maintenance work upon railroads, highways, irrigation and drainage systems. It is also actively engaged in construction enterprises in Oregon, Washington, California, Nevada, Utah, Wyoming and Colorado. PROPERTY: Warehouses, repair shops, side tracks, storage and feed yards are owned in Boise, Idaho, which are designed and constructed for the housing and repairing of equipment and the feeding of stock. This tract includes 27 acres. The company owns on 80-acre ranch near Boise, which is devoted to the raising of feed for the stock, and temporary pasturage when needed. Equipment includes steam shovels, dragline excavators. locomotives, railroad outfit cars, paving equipment, crushers, steel rails, dump cars, horses, wagons, rusk, tents, etc., together with a great number and variety of small equipment, tools, etc. Near Oakley, Idaho, gravel pits extending over 150 acres are owned and developed. The company has contracts for supplying gravel for railroad ballast purposes from these pits. ‘A C17 AT) As of Dec. 31, 1929 ar Value Authorized Outstanding 100 £100,000 $100,000 $100 £500,000 £300.000 i. PR.IEF.NIIED STOCK (Second Issue) Provisions: Preferred as tou assets Legal Opinion by: Karl Paine, Boise, and dividends. Idaho. Callable: Company agrees to retire Public Offering by: Walter S. Bruce Ia0pae annually, beginning March 1, & Co. Boise. Idaho, in 1928. at 100 1932 gat par MULTACHROM TUBELIGHT, INC. GENERAL OFFICE: 3123 Western Ave., Seattle, Wash. HISTORY: Incorporated under laws of Washington, April, 1930, to take over the assets ‘and business of Multachrom Light Corp. and Multachrom Neo-Light System. BUSINESS: Manufactures luminous tube products including indoor and outdoor signs and displays as well as a number of important specialties. PROPERTY: Company owns the world rights, except for Canada, to a certain System of producing gaseous illuminating tubes which are used in the manufacture of signs, displays, interior lighting, etc., for which patents have been applied. Company has a completely modern and efficient plant and has over 200 sigs in use THOMSON'S MANUAL DFFICERS: Henry J. Lowdon, Pres. & Gen. Mgr.; R. C. Eklund, Secy.; Earl L. Murray, Gen. Superintendent. DIRECTORS: H. M. Casey, L. R. Stradley, Ben Herz, Earl 1. Murray. Henry J. _owdon. GENERAL AUDITORS: Lybrand, Ross Bros. and Montgomery. CAPITALIZATION- Par Value Authorized Outstanding TommoN . ..eeeeeeees cecsesssseeeamn No Par 100,000 shs 47,362 shs COMMON STOCK Details: Issued to take care of cur- Legal Opinion by: Harroun, Robinrent obligations for expansion of busi- son, Maloy & Shidler ness and working capital, to handle ’ ) : profitable business that is being of- Public Offering by: B. B. Odom & fered. Co.. Seattle, May, 1930, at $5. BALANCE SHEET, As of May 10, 1930 (After Giving Effect to Financing) A SSSETC LIABILITIES Cash obras enn messesemmk STE Er teres Notes and accounts receivable.. ~ontracts receivable ........ ‘nventories ..... _— 34,946 7,360 220 26890 Total Current Assets.......... Furniture, equipment, etc.......... Stocks and bonds. ....ceceeeeeaenes [nvestment in Multachrom Lights and Signs, Ltd............ Jales and patent rights, processes, formulas. etc... Sessa Lease deposits .. eames TOTAL ASSETS ........ o....$194.594 Current— Provisions for TaXes.......coccceeeeeeeed 365 Deposits on SigNS.ccu ieee 683 Unearned Sign Rentals..........._... 787 Total Current Liabilities........$§ 1,836 CAPITAL Authorized 100,000 shares no par value, issued 47,362 shares .... eee. $192,758 TOTAL LIABILITIES................§194,594 Contingent: Contracts receivable discounted $11.194. NEON PRODUCTS OF WESTERN CANADA, LTD. GENERAL OFFICE: 260 Terminal Ave, Vancouver, B. C. BRANCH OFFICES: Victoria, B.C, Calgary, Alberta and Edmonton, Alberta. HISTORY: Incorporated under laws of Dominion of Canada, December 20, 1929. 0 take over company of same name incorporated April 24, 1928. CHARACTER OF BUSINESS: Manufacture and distribution of Claude Neon products in the Provinces of British Columbia and Alberta in which territory rompany holds franchise. Company leases signs to users on a monthlv rental ha sis. PROPERTY: Main plant in Vancouver, B. C., sub-plant in Victoria, B.C. OFFICERS: J. P. D. Malkin, Pres.; George W. Sweny. Managing Dir.; C. C. Torbet, Secy-Treas. DIRECTORS: J. P. D. Malkin, George W. Sweny, John W. MacDougal, W. C. Woodward, Blake M. Wilson, Jr.,, Ernest E. Buckerfield, George E. Housser. Harold E. Molson, Gordon Farrell, Stanley Burke, R. H. B. Ker. GENERAL COUNSEL: H. I. Bird, Vancouver, B.C. GENERAL AUDITORS: Melliwell, Maclachlan & Co., Ltd., Vancouver, B.C. Fiscal Year Ends: April 30. Annual Meeting: June. CAPITALIZATION, As of Dec. 31, 1929 i. 69% Cum.| Pref. Stok iene $50 10,000 shs 6,000 shs ) Common Stock ... ee revecce-e No Par 60.000 shs 54.836 shs 1. 68% CUMULATIVE Provisions: Preferred as to assets and 6% cumulative dividends. In case »f voluntary or involuntary liquidation antitled to $51.60 per share, plus accrued dividends. No capital liability may be issued without consent 24 of oreference stockholders. Calable: On any dividend date on 60 days’ notice at $51.50 and accrued diviiends. Voting Power: When 6 quarterly lividends are unpaid, holders may elect PREFERENCE STOCK majority of directors and have equal vote on all other matters. Dividends: 69% per annum payable at any branch of the Royal Bank of Canada on Feb. May, Aug. and Nov. 1. Registrar and Transfer Agent: Lonjon & Western Trust Co. Ltd. Vancouver, Public Offering by: Pemberton & Son, Vancouver, B.C. Dated Offered: Dec. 1929. Price: $66 per unit, of one preference and one rommon share INDUSTRIALS CONSOLIDATED BALANCE SHEET, Ax of April 30, 1930 ASSETS LIABILITIES 367 Lash ese... Notes Receivable Rentals in Arrea.. ........ Employees Subscriptions ..... Accts. Receivable 190 106 987 L678 Overdraft ... Bank Loan .... Accts. Payable .. Dividend Payable . Income Tax Rese rere. d 307 coe 30,000 -... 16,728 .. 4.500 eee. 10,437 ....562,060 ... 30,679 8,292 .300,000 .. §5,630 i wowse 16,051 TOTAL LIABILITIES ..............3502,712 NORTHWESTERN PORTLAND CEMENT COMPANY GENERAL OFFICE: Dexter Horton Bldg. Seattle, Wash. HISTORY: Incorporated under laws of Washington, Feb. 13, 1926. Started operation of plant May, 1928. BUSINESS: Manufacturing Portland cement, PLANTS AND EQUIPMENT: Cement plant of 2,000 barrels daily capacity, at Grotto, King County, Wash., on main line of G. N. Ry. In October, 1929, company purchased 115-acre waterfront gravel deposit on Maury Island, Puget Sound, midway between Seattle and Tacoma, and is holding same for future development. OFFICERS: George Macdonald, Pres.; Dr. W. J. Kerr, Vice Pres.; C. T. W. Hollister, Sec'y. TRUSTEES: George Macdonald, C. T. W. Hollister, W. J. Kerr, John Hastie, J A. Reuter, J. D. Burns, H. K. Metcalf. GENERAL AUDITORS: Harry Stopp & Co., Portland, Ore. Fiseal Year Ends: Nov. 30. Annual Meeting: 2nd Friday in January, CAPITALIZATION, As of Dec. 31, 1929 ar Value Authorized .. $100 $1.350,000 veen--r..NO Par 23.500 shs 1. 8% CUMUL/ TIVE PREFERRED STOCK Provisions: Takes preference as to to 2% paid by company. dividends and assets in case of liquida- Dividends: $71,087 distributed in tion. i 1929 which paid accrued dividends to Callable: 3 years from date of issue Oct. 1, 1928. by majority vote of stockholders, at Transfer Agent: The company par and accrued dividends. ve Voting Power: Has equal voting Public Offerink by: The company, power, one vote per share, with Com- Dec., 1926, at $100 per unit of 1 share mon stock. Preferred and 1 share Common. Tax Status: Normal income tax up Number of Stockholders: 500. INCOME STATEMENT, Year Ending Nov. 30, 1929 Gross Sales ........... eee... $670,127 Cost of Cement............... ... 410.070 Gross Profit Selling Expense and State TaxXeS.........oococeeeeeeeeeeeoo... Operating Profit ................ Depreciation and Depletion........ Net Profit _.... Income Taxes ..... Total Current Property, Equip., iu: Signs on Rental. Inventory ......... 0 Deferred Charges ............. . Territory & .'atern* ‘=hts............ TOTAL ASSETS aie 7 55 2 "7 27 E0N5 Net Income ............ Preferred Dividends __ Surplus for the Year... Earned. ver share Preferred, $9.52: per share Common, £2. PALANC ov. 30, 1929 .S]®T LIABILITIES .ccounts Payable .....................y 50,837 Reserve for Income Tax...... 16.055 Total Current Liabilities... 66,892 Preferred Stock o.oo... .350,000 Surplus oo, 75,783 TOTAL LIABILITIES .........._$1.492 675 Cash eee, Accts. Receivable Inventories 68 THOMSON'S MANUAL PACIFIC AMERICAN FISHERIES, INC. GENERAL OFFICE: South Bellingham, Wash. HISTORY: Incorporated under laws of Delaware, May 2, 1928, ag Pacific American Co. to acquire business of Pacific American Fisheries, organized in 1905; also trademarks, etc. from Deming & Gould Co.; name was changed to Pacific American Fisheries, Inc, during 1929. BUSINESS: Company is said to be the world’s largest packer of canned salmon [t packs all varieties of Puget Sound, British Columbia and Alaska salmon marketing its products in all parts of the world. Number of Cases Packed: 1928, 574,565; 1929, 952.852. PROPERTY: Company owns 17 fish canneries in Alaska, British Columbia and Puget Sound. In South Bellingham, Company owns and operates warehouses, san factory, box factory, repair shops, marine ways, ete. “ompany owns 5 steamships, in addition to numerous small boats, barges, etc. SUBSIDIARIES: Alaska-Portland Packers, Alitah Fish Co., Annette Island Packing €o., Pacific American Fisheries (including subsidiaries, Bellingham Warearouse Co., Hoonah Packing Co. and Shimigan Packing Co.), Petersburg Packing Co., and Skeena River Packing Co., Ltd. on Mar. 29, 1930. acquired plant of Emel Packing Co., of Valdez, Alaska. DFFICERS: E. B. Deming, Pres.; A.. W. Shiels, Vice-Pres.; Frank L. Taylor, Vice-Pres.; A. W. Deming, Vice-Pres.; Thad McGlinn, Secy.; E. J. McDonald, Asst. Secy.: H. B. (Drisco, Asst. Secy.; Malla P. Maldren, Asst. Secy.: A. W. Shiels, Treas. DIRECTORS: E. B. Deming, A. W. Deming, A. W. Shiels, Frank I. Taylor, Ww. L. Honnold. GENERAL AUDITORS: Lybrand Ross, Bros. & Montgomery; Geo. V. Wittle & Co. fiscal Year Ends: Dec. 31. Annual Meeting: First Thurs. in May. CAPITALIZATION: Par Value Authorized Qutstanding ~“osmmon Stock veeeeecereanaeeeane No Par 500,000 shs 315,204 shs DETAILS OF STOCK Preferred stock called for payment merce, Seattle, and American Trust Co., Aug. 1, 1929, at 105 a share and accrued San Francisco. dividends at American Trust Co. San Public Offering by: Hunter, Dulin & propgisee, and First National Bank, Co., Geo. H. Burr, Conrad and Broom Seattle. > / 1928 A riends: Initial dividend of $1.50 Lief"? Schwabacher & Co. May, 1928, per share paid Feb. 25, 1929, to holders _ of record Nov. 18; 50 cents Mar. 1, 1930 Listed on: Seattle Stock Exchange 0 holders of record Feb. 15. ! ’ and San Francisco Curb; Traded on Transfer Agent: Frances L. Cox, San New York Curb. } Francisco; First Seattle Dexter Horton Price Range: 1930, to June 15—High, National Bank, Seattle, Wash. 27: Low, 20; 1929—High, 41; Low, 18; Registrar: National Bank of Com- 1928—High, 28: Low, 17%. INCOME, STATEMENT. Year Ending Dee. 31, 1929 eeeenenena-$1,476,120 eee enenesene 254,542 185,000 FT0SS REVENUE coreeeeeeeeamcenvnmnennn: sasmmmanmnes Depreciation ieee irene ann FeAETAl TAX cooooiceiieeeeaaeeeamerecssmmnnesisrmaenensann soemnaizonas Net INCOME _ooiiommmemiiiiiiianans pr S—— 3 I 11.1 HY Preferred Dividends .o..ooooooooccieeceecoomiccemmsmmmmasrrmnsmeammmmnneasssnoanaane . ee 243,272 COMMON DIVIAEIIAS woe ieoeeoeoeeiecoemmeeeezeeaeemeammssssmmeesaesasammmaar srassssssiossssssssses o ssosasiessos 245,727 SUrplUS fOr the Year. oii creams sree snes eran B97,579 Common Shares OULSEANIAIIIE oo oooooeoeemomoearmemrerese ee esanaranasmns snares seers sannesas$ 315,204 Earned. Der SHATE CONIIIOM nn uo aaiaaraasimamaaoramarrarmoms nena nroomamianaoomsosn = Soooootaniennne 3.45 COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dee. 31 ASSETS— 1929 1028 1927 Cash, Accts. Rec. and Securities.........oee.......$31,909,14¢ 2 835 $1,158,116 INVENEOTIOS eoneeemoeeeeoeeeemeemeeeameameaameeanesineeeeeeeee 3,114,241 117,134 1,124,282 Merchandise. Supplies. FtcC.oiiierenceccicecan W103 nag 4-4 953.203 Total Current AssetS.......cccocceeen coef $3,235,601 3uildings, Steamers and Equipment...........p $2,856,935 Real Estate, Timber Land. Traps, Etc....... 961,832 [nvestments ccccoommmemnenes eaennnn eae 39,671 Deferred Charges oociiiiicammammecnmeacennas 39,671 "rade Marks, Brands, Ete... 275.000 POTAT, ASSETS oo $12,390,613 $7.424.029 " AM INDUSTRIA®. LIABILITIES— Accounts and Notes Payable... Federal Tax Reserve. eeeeee-$2,325,418% 135,000 Total Current l.iabiliti-Preferred Stock .. Common Stock .... Surplus eee Contingent Reserve _.. TOTAL LIABILITIER=Net Working Capital... Ratio Current Assets to Cur. Liabilities... Book Value Common Shares... 4€¢0 A Labvu, EY 40 25.65 $1,730,431 75.000 Ane 1n OF 1AY $1,055,693 112 288 do, Loa “50,000 .3.97. 36.08% 50 aT PACIFIC CAR & FOUNDRY COMPANY GENERAL OFFICE: White Bldg. Seattle, Wash. PLANTS: Renton, Wash. and Portland, Ore. CONTROL: American Car & Foundry Co. owns majority of Common stock. HISTORY: Incorporated under laws of Washington in 1905, succeeding company of same name incorporated in 1905. BUSINESS: Company manufactures railway equipment and supplies, specializing on equipment for logging railroads, mines and contractors’ equipment. PROPERTY: Company owns and operates plants at Renton, Wash., near Seattle, and at Portland, Ore. OFFICERS: Wm. M. Hager, Chairman; L. T. Carroll, Pres.; H .N. Curd, Vice Pres.; Horace Hager, Vice Pres.; W. S. Bassage, Sec'y.-Treas. DIRECTORS: Wm. M. Hager, H. N. Curd, L. T. Carroll, T. 8S. Clingan, W. C. Dickerman, W. J. Harris, C. J. Hardy, Horace Hager, G. R. Scanland, C. S. Sale, F. A. Stevenson, N. A. Stancliffe, H W. Wolff. GENERAL AUDITOR: J. Browne. Fiscal Year Ends: Dec. 31. Annual Meeting: 4th Tues. in Feb Sumber of Employees: 500. FARNINGA ar bois 1929. Deficit Net Earnings 20 q14 95 CEPT A i ? Y Class A Preferred Stock. Class B Preferred Stock. Common Stock Dividends 156,21 et, Li , CAN Ly Surplus “06,40 rl 81.845 Earned Per Share Mlass A Class B 5 5.98 LA 10.82 TrQ 12.25 Asx of Dee. 31, 1929 Value Authorized Outstanding ro $500,000 $370,083 00 $1,700,000 $1,499,512 rar 36 000 shs 17 099 shs 1. 6% CLASS A CUMULATIVE PREFERRED STOCK f’rovisions: Preferred over all other Dividends: 69% per annum payable classes as to 6% annual cumulative di- quarterly, Jan., Apr., July and Oct. 1, vidends and as to assets in liquidation paid regularly since Oct. 1, 1924. ap to $100. Ex-Dividend Date: 27th of preceding Callable: On 30 days’ notice at 100. month. Voting Power: Non-voting unless di- Transfer Agent & Registrar: The vidends 2 vears in arrears company. 2. 7% CLASS B CUMULATIVE PREFERRED STOCK Provisions: Takes second place in Dividends: 79% per annum, quarterpreference as to 7% cumulative divi- ly, Jan., Apr. July and Oct. 1, since dend and $100 in event of liquidation. Oct. 1, 1924, Callable: At par, providing Class A Ex-Dividend Date: 27th of preceding stock has been retired. month. Voting Power: Non-voting unless di- Transfer Agent & Registrar: The vidends 2 years in arrears. company. COMMON STOCK: No dividends paid. ANCE SHEET, As of Dec. 31, 1929 LIABILITIES Common Stock _... .._.. .. “lass A Preferred ‘tc... “lass B Preferred Stoci-Accts. Pay. & Pavyrolls n Dividends Pavable ........ Prov. for Federal Taxes... Sarplus .... I. TOTAL LIABII.ITIRES 87: Plant & Propert, . .... Patents # Patent Right Tash ........ Inventories .... Accounts { T+ Investments ........ Prepaid Charges ........o.oococeo.... TOTAL, ASSET= 170 THOMSON'S MANUAL PACIFIC COAST BISCUIT COMPANY GENERAL OFFICE: Exchange Building, Seattle, Wash. BRANCH OFFICES: Spokane, Tacoma, Portland, Los Angeles, San Francisco. CONTROL: By National Biscuit Co. HISTORY: Incorporated under laws of Delaware in 1912, a reorganization of a ompany of same name incorporated under laws of New Jersey in 1899. Company's structure represents a consolidation of the following companies: Oregon Oracker Co., Portland Cracker Co., Washington Cracker Co. Seattle Cracker and Candy Co. Southern California Cracker Co., Capital Candy Co., Louis Saroni & Co., Sweet Candy Co. Queen City Candy Co., Los Angeles Candy Co. BUSINESS: Company manufactures and distributes, under its own registered brands, a diversified line of crackers, cookies and candies. Owns many wellknown and advertised brands, best known of which is “Snow Flake” soda crackers. Through some 22,000 jobbers and dealers, company distributes its products throughout the western states, the Orient, Hawaiian and Philippine Islands. PROPERTY: Company, either directly or through subsidiaries, owns and operates factories in Seattle, Spokane and Tacoma, Wash; Portland, Ore.; San Francisco and Los Angeles, Calif. Plants are equipped with modern bakery and randy-making machinery. SUBSIDIARIES: Tacoma Biscuit & Candy Co., Tacoma, Wash. (100%); American Biscuit Co., San Francisco, Calif. (96%). SALE OF ASSETS: In June, 1930, National Biscuit Co. purchased all assets and goodwill of the Pacific Coast Biscuit Co. through exchange of 7 National Biscuit Aommon shares for 12 Pacific Coast Common shares and 7 National Biscuit Common for 6 Pacific Coast Preferred. OFFICERS: Moritz Thomsen, Chairman; Chas. M. Thomsen, Pres.; L. P. Bauman, Vice Pres.; A. J]. Bale, Vice Pres.; L. S. Winans, Sec'y.-Treas. DIRECTORS: Moritz Thomsen, Chas. M. Thomsen, L. P. Bauman, L. 8. Winans, Blake D. Mills, Wm. A. Broom, all of Seattle, Wash.; Chas. H. Hyde, Tacoma, Wash.; A. J. Bale, Los Angeles, Calif.; R. L. Dunn, San Francisco, Calif. GENERAL AUDITORS: Peat, Marwick, Mitchell & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: 4th Tues. in Sept. Vumber of Employees: 1,500. FUNDED DEBT, As of Dee. 31, 1929 Rate Dated Due Authorized Outstanding 15-Year Gold Bomds................... 69% 9-15-18 9-15-33 $1,000.000 $575,000 interest Payable: March and Sept. 15, at trustee’s office. Principal Payable: $25,000 on Sept. [bth each year. Trustee: National Bank of Commerce, Seattle, Wash. Denomination: $1,000. Callable: At par. Sinking Fund: Company pays to trustee on Aug. 15 each year a minimum of $25,000 to be used to redeem bonds at par. Company has option of redeeming additional $25,000 by lot at par and $50,000 by bid. Security: First mortgage on all the plants of the Pacific Coast Biscuit Co. and its stockholdings in subsidiary rombpanies. THE PACIFIC COAST COMPANY GENERAL OFFICE: Smith Tower, Seattle, Wash. EASTERN OFFICE: 250 Park Ave.,, New York City. . HISTORY: Incorporated under laws of New Jersey, Nov. 29, 1897. Acquired all property of Oregon Improvement Co. (founded in 1880) after foreclosure sale. BUSINESS: A holding company, controlling, through operating subsidiaries, coal mines, railroads, steamships, wharves, cement works, real estate, timber lands, machine shops. Company's operations extend from Alaska to California, centering in Seattle. PROPERTY: Company owns the following: 21,500 acres of land in Oregon and Washington, and 5,000 acres under lease, much of which is underlaid with coal and carries valuable stands of timber. Real estate within the cities of Seattle, Tacoma, Everett and Wenatchee, Wash.: Portland, Ore.; Juneau, Alaska, and San Pedro. Calif. Wharves in Seattle, Tacoma, Portland and Juneau. SUBSIDIARIES: Pacific Coast Railroad Co.— (Formerly Columbia & Puget Sound Railroad Co.), extending from Seattle to Maple Valley, Wash. a distance of 22.43 miles. Principal business is carrying coal from company mines; also affords entrance into Jeattle for the Chicago. Milwaukee. St. Paul & Pacific Ry. Pacific Coast Coal Co—Operating coal mines and distributing coal at wholesale and retail. Owns approximately 11,000 acres of coal lands in King and Pierce Counties, Washington. Operates mines at New Castle, Black Diamond and other places. with annual outnut of from 500.000 to 750.000 tons Vv JUSTRIA . 7 Pacitie Coast Steamship Co.—Formerly operated fleet of vessels in the Pacific coastwise trade. In 1916 entire fleet was chartered and in 1918 sold to the Pacific Steamship Co. In 1927 company purchased two 6,300-ton steamers to carry limerock from Dall Island, Southeastern Alaska, to Seattle, a distance of 640 miles, for use of the Pacific Coast Cement Co. Pacific Coast Engineering Co.—Operates machine shops in Seattle. Pacifie Coast Cement Co.—Operates plant in Seattle, manufacturing Portland cement. (See special report on this company.) OFFICERS: Walter Barnum, Pres, New York; E. C. Ward, Vice Pres. & Gen. Mgr., Seattle; N. D. Moore, 2nd Vice Pres. Seattle; John H. Kelly, Sec'y.-Treas., New York; H. M. Watkins, Gen. Aud. & Asst. Sec’y. and Asst. Treas., Seattle. DIRECTORS: Walter Barnum, Philip G. Bartlett, Chas. E. Bockus, H. B. Clark, Wm. Tudor Gardner, Millard C. Humestone, Seward Prosser, Charles E. Richardson, Joseph B. Thomas. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Wed. in March. CAPITALIZATION As of Dec. 31, 1929 Authorized Outstanding 15,250 shs 15,250 shs 40,000 shs 40,000 shs 70.000 shs 70.000 shs I. 59% 1st Preferred Stock.... 2. 4% 2nd Preferred Stock.......... 3. Common Stock .. el il. 83% NON-CUMULATIVE FIRST PREFERRED STOCK Provisions: Preferred as to divi- Transfer Agent: Bankers Trust Co., dends over all other classes, but not as New York. to assets. in which all classes have Registrar: Chase National Bank qual equity in event of dissolution. New York. ’ Callable: Non-callable. Listed on: New York Stock Ex-Voting Power: Equal voting power shangs, Range: with other two classes. 1929 1928 1927 1926 1925 1924 Dividends: Paid from 1898 to Feb. High .... 50 70 70 73 73 62 1928. None since Low .... 18 40 45 223 64 43 2. 4% NON-CUMULATIVE SECOND PREFERRED STOCK 20, incl, 49%; 1921, 29%: 1922-24, none: 1925, 1%; Feb. 1, 1926, to May 1, 1927, L% quarterly. None since. Transfer Agent: Dankers Trust Co., New York. Registrars Chase National Bank, New York. Listed on: New York Stock Exrhange. Price Range: *1930 1929 1928 1927 1926 1925 High........ 19% 40 39 40 57% 52 Low ........ 14 15 201% 211 40 25 *To July 1. Provisions: Has second preference to the extent of $4 a share annual dividend, after which common stock is entitled to $4 annual dividend. Further distribution of earnings to be divided equally between 2nd preferred and common stock. Callable: Non-callable. Voting Power: Equal voting power vith other classes. Dividends: 1898, 49: 1899, 31-39%; 1900-1901, 49% each; 1902, 419%; 1903-04, 5% each; 1905, 514 9%; 1906-07, 634 each; 1908, 43,9%; 1909, 41,9; 1910, 907+ 1911-13. incl.. 6%: 1914. 59% 1915-2. COMMON STOCK 1910, 99%; 1911-13, incl, 6%; 1914, 59%: 1915, 2%; 1916. none; 1917-1919, incl., 1%: 1920, 29%; none since. Price Range: *1930 1929 1° High... 197% 42: LOW... 7 17% 19% *To July Provisions: All classes of stock share equally in event of liquidation, and have equal voting power. After Common receives 49% in any one year, further dividends are shared equally by 2nd Preferred and Common. Dividends: 1898-99, 29; 1900-01, 49% 1902, 439%; 1903-04, 59%; 1905, 517. 1906-07. 69% * 1908. 4%, 9, 1909. 41, 9. INCOME STATEMENT, Years Ending Dee, 31 1924 1925 ...... 1926 - Before Depreciation. Gross Revenue 35,695,855 5,818,268 5,020,775 3,996,055 £,445,309 5,007,872 Deficit. Exp. & Taxes 35,142,643 5,262,797 4,596,777 3,775,774 1,239,244 1.625 709 [Interest $268,272 270,132 262,188 216,042 227,689 296.764 *Net Income $284,940 285,339 116,809 4,439 -21,625 155.398 THOMSON'S MANUAL COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 ASSETS— 1929 1928 1927 1926 Property Account ...cceceecereeee...-$17.871,253 $17,900,797 626,130 $18,481,402 Trust Account ..... pm mmm SSAA 205,348 305,348 259,321 2,140,129 Investments -............... eemeeemanenan 910,929 926,463 180,960 153,500 Marketable Securities .._. - 101,682 78,721 emeaneen renames CBBN. wewmmmengmnsomensomennagmme © mdubbatamiesimmves won "73,154 25 133,686 355,501 Accts. & Notes Receivable... - £7 "04,340 242,197 [Inventory (Coal, etC.)eeeercieniccee. To? 619,442 Supplies coccinea at 371,155 Nther Assets coo icine 125,499 258,28: 290,616 TOTAL ASSETS ...... eeeeenneaen-$22,408,369 $21,996,115 LIABILITIES— First Preferred Stock...._.................§ Second Preferred Stock... oo. Common Stock ....... _ .. Ce een FUNded” Deb cocmmsiissssssesssimyssis Grae Notes Payable ii Accounts Payable Dther Current Liabilities ............. Deferred Liabilities ................ Depreciation and Depletion... Other Reserves ..... Surplus ........ .. rma TOTAL LIABILITIES ... .$22.408.369 FUNDED DEBT, As of Dec. 31, “729 First Mortgage Rate Dated Due Authorized Outstanding Gold Bonds ... eeeeneee D% 12-11-27 6-1-46 $5,000,000 $4,000,000 $198,289 in mortgage notes assumed and $315,376 unmatured putchase money, also carried in funded debt account. oy Interest Payable: June and Dec. 1, pany, including all corporate stock and trustee’s office. bonds, now owned or hereafter ac-Retired: To Dec. 31, 1929, $1,000,000. guired. Trustee: Bankers Trust Co, New Offered by: Manhattan Trust Co, ark. Co New York, and Old Colony Trust Co, Registerable: As to principal. Boston, Dec., 1897 Denominations: Coupon $1,000; prin- RO . ly k Ex -ipal may be registered. . Listed on: New York Stoc X-Callable: Not callable. change. sinking Fund: No sinking fund pro- Price Range: rigion. 1929 1928 1927 1926 1925 1924 Security: First lien upon all the High... 80 881, 93 96 97 82 property rights and franchises of com- Low.... 60 73% 88 915 82 75% PACIFIC COAST CEMENT CORPORATION GENERAL OFFICE: Smith Tower, Seattle, Wash. CONTROL: Pacific Coast Co. owns all but directors’ qualifying shares. HISTORY: Incorporated under laws of Washington, Nov. 28, 1927, as a subsidiary of the Pacific Coast Co., to construct a cement plant in Seattle, Wash. Plant oegan operations Mar. 1,EXS2EN 1929 BUSINESS: Manufactures and distributes Portland cement. Limestone transported in steamers owned by the parent - Pacific Coast Co., from Dall Island, Southeastern Alaska, and said to contain 97.5% calcium. with low percentage of magnesium, is used as raw material. PROPERTY & OPERATIONS: Company owns in fee approximately 20 acres on the west shore of the Duwamish Waterway, Seattle, accessible to both rail and water transportation, upon which was erected in 1928 an electrically operated cement plant, equipped to grind 3,000 bbls. daily, and with storage capacity for 150,000 bbls. of clinker cement and 100,000 bbls. of finished cement. There is ample storage for raw material and wharves eauipped with cargo handling machinery, both in and out. Company owns limestone deposits on Dall Island, in Southeastern Alaska, 640 miles north of Seattle, calculated to contain 38,500,000 tons of rock readily available, with 62,800,000 tons underlying, or enough to supply the company’s initial plant capacity for 100 years. Company owns clay deposit within two miles towage from its plant, said to be in sufficient quantity for 20 years’ run. } OFFICERS: E. C. Ward, Pres.; N. D. Moore, Vice Pres.; H. M. Watkins, Sec'y.-Treas.; Darwin Meistnest, Sales Mgr. . DIRECTORS: Walter Barnum, Clifford B. Ewart, N. D. Moore. Chas. EF. Richardson. John I. Senior. E. C. Ward. NOUSTRIAL Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Wed. in March. EARNINGS: Annual report, as of Dec. 31, 1929, reported that on operation of not over 40% capacity for 10 months, beginning Mar. 1, 1929, company covered its bond interest charges 13; times. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized No Par 20,000 shs .No Par 100,000 shs i. 07 CUMUY./T" VE PREFERRED STOCK Provisions: Preferred as to | per assets to $100 per share in liquidation. annum cumulative dividends and us to Callable: At $115 on 30 days’ notice. TANCE SHEET, As of Dee. 31, 1929 LIABILITIES Accounts Payable .................¢ Deferred Liabilities .................. Due Parent Company... Funded Debt ....... Tapital & Surplus... TOTAL LIABILITIES ............$4,110,431 FUNDED DEBT, As of Dec. 31, 1929 First Mortgage Sinking Fund Rate Dated Due Authorized Outstanding Gold Bonds, Series A... 6% 12-1-27 12-1-42 $2,000,000 $1,992,000 Interest Payable: June and Dec. 1, in New York and Chicago. Trustee: Chemical National Bank, New York. Denominations: $1,000, $500. Coupon Bonds. Callable: On 45 days’ notice, on any interest date, at 105 before Dec. 1, 1932, premium decreasing 1%9% each vear thereafter to Dec. 1, 1940, and at 101 thereafter. Additional Bonds: $1,000,000 additional may be issued, to not to exceed 50% of cost of additions or improvements, and only when net earnings for 12 of 15 preceding months shall have been 3 times interest charges on bonds nutstanding, plus those to be issued. Sinking Fund: Beginning Aug. 15, 1929, 5¢ per bbl. of cement produced and sold, up to 500,000 bbls. per annum, and fc¢ per bbl. on all in excess Outstanding 7,500 shs 100.000 shs 75,906 28,361 80,000 1 992,000 ,934,164 Security: Direct first mortgage on *ntire property now owned or hereifter acquired. Principal and interest unconditionally guaranteed bv the Pacifie Coast Co. Legal Opinion by: Wise, Whitney & Parker for bankers; Simpson, Thatcher & Bartlett for the company . Offered by: Geo. H. Burr, Conrad & Broom, Seattle, and Taylor, Ewart & Co... Nov... 1928 at 9814. PACIFIC COAST LINEN MILLS GENERAL OFFICE: Vancouver, Wash. BRANCH OFFICES: 1103 Buyers Bldg. Portland, Ore. HISTORY: Incorporated under laws of Washington, August, 1926. Assets ot Oregon-Washington Linen Mills, Vancouver, Wash. were purchased. BUSINESS: Company expects to manufacture linen from the raw stages. Flax for manufacture is grown on contract. PROPERTY: Owns 2% acres in industrial section of Vancouver. Wash., on which are located company's two new plants with dimensions of 60x200 feet and 656x160 feet, equipped with machinery. Company is reported to have one-fifth of all linen spindles operating in the U. S. OFFICERS: E. G. Robinson, Pres. Portland, Ore.; J. Sidney Starling, Vice Pres.; Tohn Wilkinson, Sec'y.; Flecher Linn, Treas.; A. T. Allen, Asst. Sec'y & Treas. TRUSTEES: Robert Simpson, Clifton, N. J.: J. P, Rasmussen, Portland, Ore.; Jas. G. Walker, Jr., Portland, Ore.; Geo. H. Crandall, Astoria, Ore.; P. M. Eilwell, Vancouver, Wash.; Lewis Shattuck, Vancouver, Wash. Capt. C. T. Belcher, Portland, Ore.; C. E. McCall, Vancouver, Wash.: Harry G. Claassen, Vancouver. Wash. Also the foregoing officers. GENERAL COUNSEL: John Wilkinson, Vancouver, Wash. Fisenl Year Ends: Dec. 31. Annual Meeting: 3rd Wed. in Feh THOMSON'S MANUAL CAPITALIZATION, As of Jan. 31, 1930 Par Value Authorized Outstanding 1. 89% Cum. Preferred Stock... $100 4,000 shs 2,988 shs 2. Common Stock cc... reeeeeeemnnneee NO Par 6,000 shs 4,652 shs Public Offering by: Fletcher Linn, Common as bonus. Portland, Ore., at $100, with one share Number of Stockholders: 250. BALANCE SHEET, As of Jan. 31, 1930 Assets LIABILITIES rccounts Payable cee $11,975 Jotes Payable ...... ... eee 10,726 Jontracts Payable .... 911 Jotes Receivable 1,000 Reserve for Claims... hn 1,300 3onds Subscribed 1,600 3onds Outstanding ....cccccccceveeeeeee. 54,000 Jorporation Service Co. ............ 6,156 Due Officers and Trustees........ 16,331 Jommon Stock ..... eennnn 25 Preferred StoCK .eeecevrcoceicenneeee 298,800 Subseribed Capital 9,200 TOTAL ASSETS creesnnaraenneennennnn- $412,024 TOTAL LIABILITIES ..............5412,024 FUNDED DEBT: Rate Dated Due Authorized Outstanding First Mortgage Bonds................... 1% 1926 1936 $100,000 $54,000 Interest Payable: Semi-annu, Jan. & Denominations: $100, $500, $1,000. july 1, at Trustee's office. Callable: At par, at any time, on 30 Trustee: Vancouver National Bank. days’ notice PACIFIC FRUIT AND PRODUCE COMPANY GENERAL OFFICE: Occidental Ave. and King St, Seattle, Wash. CONTROL: By General Fruit Corp. through stock ownership. HISTORY: Incorporated under laws of Washington, March 13, 1909, after havng been started as a retail business by George Youell in 1898. BUSINESS: Company is wholesale dealer and carlot shipper of fruit and vegetables. Distribution is largely through branch houses in Oregon, Washington, [daho, Utah, California, Colorado, Montana, Missouri, Florida, Texas, Minnesota and Nebraska. Products are shipped under company's own advertised brands and labels. PROPERTY: Company owns 10 concrete, brick and tile warehouses, 18 frame warehouses, 342 trucks and trailers and 39 refrigerator plants. OFFICERS: J. O. Gallagher, Pres. & Gen. Mgr.; Russell Miller, Vice Pres.; J. G. Scott, Vice Pres. & Treas.; J. A. Meade, Vice Pres.; K. L. Ward, Sec'y. DIRECTORS: J. O. Gallagher, J. G. Scott, Russell Miller. GENERAL AUDITORS: Peat, Marwick, Mitchell & Co. Fiscal Year Ends: June 30. Annual Meeting: 3rd Mon. in Jan CAPITALIZATION, As of March 31, 1930 Par Value Authorized Il. 7% Cum. Preferred Stock............. $100 $1,500,000 2. Common Stock .... eames 3100 $1.000.000 Outstanding $1,137,000 $1.000.000 i. 7% CUMULATIVE PREFERRED STOCK Provisions: Preferred as to assets Callable: On 60 days’ notice at book “pd gump|ativg, Srndsngs ae he Tue value, but not less than 105. 2f 71%. ter » is paid on both Pre- " i ferred and Common, two share alike in Voting Power: Non-voting. ‘urther distribution.” Entitled to $100 Dividends: July 15, 1927, to Dec. 21, in liquidation and after Common re- 1929, 79% paid semi-annually starting ceives $100, both classes share ratably Mar. 31, 1930, 7% paid quarterly. Mar., ‘n further distribution of assets June. Sept. and Dec. 21. 2. COMMON STOCK Yvidends: 79 per annum paid semi-~ annually from July 15, 1927. INDUSTRIALS INCOME STATEMENT, Year Ending Mar. 31, 1930 Gross Sales .......... Cost of Sales, etc. ..... Net Earnings . Other Income ... Total Income ....... Taxes .ccoiicncnannnnn.. [nterest, ete. ....... Net Income .........._. Preferred Dividends .......... Common Dividends .... Surplus for the year..................... Earned, per share Preferred stock...... Earned, per share Common stock... cree. $19,762,168 .. 19,160,585 AN1,583 115,923 017,506 36,579 70.446 790,481 99.487 87.500 ‘03,494 *51.93 19.10 COMPARATIVE CONSOLIDATED BALANCE SHEET, As c. Mar. 31, 1930 June 30, 1929 CAS teeter eee evans een. $220,290 $ 220,297 Accounts Receivable oo ees ans 889,269 1,202,846 IBIIIES coriniannsim ssn ar ma SRE SR Tin dm pb manasa anes samamt rs wmansnreantarsosonstnememeenes ST BI Advances to GrOWeTrS....o..oooccooiiiiiiiiiiiiiiiieee cee eeeeeeeeeeene. 552,501 l.ife Insurance .... a GR EH ETAT A A 21,661 Inventories ................ eeireeecseceeeeeneeeee.. 878,078 Prepaid Expenses ....... ee etereeceoetoeesenaeeaenenan 126,367 INVEStIMENTS ioc eee eee eee eee 13,902 Due from Affiliated Companies...........cccoooooceveeeieiiecceeaaasaaannnnn.. 557,660 Property Equipment .. rvecneracemenees rreneeenen oo. 4,308,756 Deferred Charges ... 37,306 ASSET TOTAL ASSETS 4,201,331 LIABILITIES-Notes Payable ............ Equipment Obligations ..........cco0 ieee. Accounts Payable eee Accrued Liabilities ........... eee Reserve for TaXeS ieee eee eee Employees’ Savings o.oo ieee Funded Debt een Preferred StOCK oi eee een Common Stock ..ooceeieiieieeaeens Earned Surplus ..ooeeeee.... R90 500 » > 325,000 22309 325,237 23.200 42,533 50,050 770,000 L,137,000 1,000,000 466.002 263,711 34,848 14,852 91,700 730,000 137,000 000,000 721,002 TOTAL LIABILITIES ........... FUNDED DEBT, Ax of Mar. 31, 1930 Rate Dated Due Authorized serial Gold Notes ............................ 6% 12-1-27 1928-37 $850.000 Interest Payable: Dec. 1 and June 1, at office of trustee. Principal Payable: Dec. and June each year, Dec. 1928, $460,000; June-Dec., 1929-32, $40,000; June, 1933, $40,-000; Dec., 1933, $50,000; June and Dec.. 1934-1937, $50,000. Trustee: National Bank of Commerce, Seattle, Wash. Callable: As a whole or in part on any interest date on 30 days’ notice at par and accrued interest, pius a premium of 21% 9% if called on or before Dec. 1, 1928; thereafter a premium of 14% per annum for each year, or part thereof, of the unexpired term, except that premium shall in no case be less than 1% 9%. Tax Status: Company pays normal Federal income tax up to 2%. Security: Company agrees so long as anv of these Notes are outstanding 24 9201 221 Outstanding $730.000 not to create any funded debt or issue any indenture notes, bonds or other obligations similar to notes of this isjue, properties owned will at all times be free and clear of encumbrance. The company also agrees to maintain at all .imes net quick assets equal to 1% times the amount of these notes outstanding and total assets in an amount :qual to two times its total liabilities, ncluding these notes. Policies in favor f the company, aggregating $300,000. vill be carried on the life of George fouell, president of the company, durng the life of this issue. Legal Opinion by: Peters & Powell. Seattle, Wash. Offered by: Marine National Co. and Geo. H. Burr, Conrad & Broom, Dec., 1927, at prices ranging from 101 for first maturity to 98.50 for last )77 © THOMSON'S MANUAL PORTLAND WOOLEN MILLS, INC. GENERAL OFFICE: Portland, Ore. HISTORY: Incorporated under laws of Oregon, March, 1928, and took over at that time assets and business of Portland Woolen Mills, which was organized n 1901. BUSINESS: Manufactures woolen textiles, such as overcoatings, suitings, blangets, automobile robes and woolen upholstery. PROPERTY: Plant at Portland, Ore., has 21 buildings, covering 6 acres. Equipped with 137 looms and 10,000 spindles. 3 OFFICERS: W. P. Olds, Pres. & Treas.; C. H. Carter, Vice Pres. & Gen. Mgr.; 3. D. H. Chiswell, Sec’y. GENERAL AUDITORS: Haskins & Sells, Portland, Ore. Fiscal Year Ends: Dec. 31. Number of Employees: 400. CAPITALIZATION: Par Value 1. $7 Cum. Preferred Stock... veee-aeNoO Par 3. Common Stock .... .No Par Outstanding 3,385 shs 10,000 shs 1. $7 CUMULATIVE PREFERRED STOCK Provisions: Has preference as to as- regular dividends paid quarterly, Mar. ets and dividends. June, Sept., Dec. 1. Callable: On 60 days’ notice at 103. Transfer Agent & Registrar: TU. S. Dividends: Beginning June 1, 1928, National Bank. Portland, Ore. 2. COMMON STOCK Voting Trust: All Common stock Transfer Agent & Registrar: TU. S held in voting trust for a period ter- National Rank. Portland, Ore. minating on Feb. 1. 1935. INCOME STATEMENT, Year Ending Dec. 31, 1929 Gross Revenue ............ Dperating EXpense oo... Net Earnings -............ Depreciation oo Nol INCOME «nor inrinmmsisssssymsmsasiasasmmsssssn een ememennanaon DrefeTred DiVIAENIAS cena eeeeeee am maemmnmamaasemmcmeeneamnanseeannnamomo ...--$1,687,150 eeeeee 1,497,213 89,937 36,570 53,367 23,019 Surplus For The Year... cue sessions reeememmarneeneneead 30,348 Earned, per share Preferred stock... iiiiiiines errno meaann $15.77 Earned. .per share Common StOCK i ereeeeecce teen ec cca aocnnnrannneenane 3.03 COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dee. 31 1929 1928 1927 818,766 827,174 $ 850,000 1,891 5,131 5,815 975 7,678 4,859 ~24 27 665 119,163 “hn 23 173,185 0 $18.471 1.701.143 $1.771.493 ASSETS— and, Bldgs. & Equipment... Real Estate, etc. ...... ee Deferred Charges ..... ensenmmmenmenailS SH AS oem mm mm emma m mana meemn ema amnan Accounts and Notes Receivable... Subscriptions Receivable ._....... ... [nventories eae Due from Employees ........ooccoeeeeeee eames TOTAL ASSETS ie iceeeemeeaareeeeaaaenaid } LTABILITIES— Preferred Stock .ociiiceaaaanes Common Stock and Surplus... Funded Debt ........ eeemam———— Notes Payable ........ es Accounts Payable ....... ooo. Accrued Interest and Taxrc-Trade Acceptances 12,900 613 v0 328,700 30 6 ® 338,500 549,327 177,400 183,671 101,428 121.167 oR TOTAL LIABILITIES Net Working Capital... I T.-181 0% $1,701,123 448.705 $1,771,493 E04 552 FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized i B50, 11-1-23 1928-38 $650.000 Tirst Mortgage Serial old Bonds ....._._. Qutstanding 442 100 INDUSTRIAL: 9 Interest Payable: May. and Nov. 1, at United States National Bank, or Trustee's office. Principal Payable: Due each Nov. 1 as follows: 1929-30, $30,000; 1931, $35,-000; 1932-33, $40,000; 1934-35, $45,000; 1936-37, $50,000; 1938, $245,000. Trustee: Bank of California, N. A, Portland, Ore. Denominations: Coupon $100, $500, and $1,000. Callable: Bonds callable as a whole or in part on any interest date upon 60 days’ notice in reverse of numerical order at 102 and interest up to Nov. 1, 1928, and 1% 9% less each two vears thereafter up to and including 1936, after which remaining bonds are callable at 10015. Tax Status: Company pays normal Federal income tax up to 2%. Security: First mortgage on entire fixed assets. Assumed by Portland Woolen Mills, Inc. Legal Opinion by: Woods, Montague & Mattiessen, Portland, Ore. Offered by: Ladd & Tilton Bank, Clark, Kendall & Co., and Ralph Schneelock & Co., Portland, and Wm. P. Harper & Son, Seattle, Nov. 1923, at nar. RESTMORE MANUFACTURING COMPANY. LTD. GENERAL OFFICE: Vancouver, British Columbia. HISTORY: Incorporated under British Columbia “Companies Act” in 1909 as the Barber Mattress Co., Ltd., the present name adopted in 1912. BUSINESS: Company manufactures pillows and mattresses, upholstered furniture, wooden furniture and steel beds and springs. PROPERTY: Company owns factory site and factory with full machinery and equipment necessary for conducting business, in Vancouver, B. C., valued, as of Dec. 31, 1929, at $364,000. OFFICERS: F. H. Barber, Pres.; J. E. Thompson, Vice Pres. & Gen. Mgr.; R. Hunter, Sec’'y. & Treas. CAPITALIZATION: Authorized Common Stock 4.000 shs Par Value $100 Ax of Dee. 31, 1929 LIABILITIES ‘'ILLANCE SHEET. + QIN) OF: 1°) J . Accounts Receivable .. Advance on Contract Inventories _.. Investments ............ Plant & Equipment. Real Estate ....... PALenHts curemommmmenn Fire & Life Insurance TOTAL ASSETS 9,967 "6,863 904 72 Notes Payable .... oan Bills Payable oc... .... Accounts Payable ........ ... oo Income Tax Reserve eee Funded Debt .... © eenee Sinking Fund .... -— Deferred Credits ... . Capital Stock ...... aan SUrplus eee een Depreciation Reserve .................... TOTAL LIABILITIES ..............$826,990 £296 990 FUNDED DEBT, As of June 1, 1930 First Mort. Sinking Rate Dated Due Authorized Outstanding Fund Gold Bonds...................... 6% 1-1-29 1-1-49 $300,000 $150,000 1931, annual deposit sufficient to retire present issue by maturity. Security: A direct obligation, secured by a first specific charge on all fixed assets now owned or hereafter acquired and by a floating charge on all other assets. Legal Opinion by: McGreer, Mec-Greer & Wilson for the company; Walsh, Bull, Housser, Tupper, McKkim & Molson for the bankers. Offered by: Pemberton & Son, Vancouver, B. C., $100,000 Jan. 1929, at 99: 350.000 Mav. 1930. at 97 BOND VALUE TABLES INTEREST TABLES BOOKS ON FINANCE Will send on approval to any rated firm. Most complete stock in Pacific Northwest. THOMSON’S BUSINESS BOOK SERVICE [Weattie Waeh 178 THOMSON'S MANUAL RICHFIELD OIL COMPANY GENERAL OFFICE: Bartlett Bldg. Los Angeles, Calif. HISTORY: Incorporated under laws of Delaware, Aug. 2, 1926. ° BUSINESS: Producing, refining and retailing gas, oil and petroleum products. PROPERTY: Owns 100% Class A Common stock (voting) of Pan-American Western Petroleum Co., which owns 1009 (except directors’ qualifying shares) of the capital stock of Pan-American Petroleum Co. Company owns in fee or under leases 82,071 acres of oil lands, one-half of which is proven and semi-proven territory, situated in Los Angeles basin and in the Ventura, Kings, Tulare, Santa Barbara, Kern and Orange County fields of California. The company owns over 500 miles of pipe lines, 120 tank cars (209 tank cars under lease), 1,203 automobiles, trucks and trailers, 8 harbor terminals and marine equipment. Company also owns refineries at Hynes, Calif., and Watson, Calif.,, having a capacity of 27,500 barrels per day. Eleven natural gasoline plants having a capacity of 168,-000 gallons and a storage system having a capacity of 21.000.000 barrels are owned by the company. OFFICERS: J. A, Talbot, Chairman; C. M. Fuller, Pres.; R. W. McKee, Vice Pres.; Bradford M. Melvin, Vice Pres. & Sec'y.; J. S. Wallace, Vice Pres.; C. B. Farretson, Vice Pres.; J. C. Graves, Vice Pres.; A. M. Kelley, Vice Pres.; W. E. Hart, Treas. DIRECTORS: J. A. Talbot, C. M. Fuller, Joe Toplitzky, S. M. Haskins, Carey S. Hill, R. I. Rogers, Geo. Newberger, Fred W. Flint, Jr.,, W. E. Dunlap, J. W. Henderson, Nion R. Tucker, Garretson Dulin, Thomas W. Streeter. GENERAL AUDITORS: Peat, Marwick, Mitchell & Co. Fiscal Year Ends: Dee. 31. Annual Meeting: 3rd Thurs. in March. Number of Employees: About 5,000. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding 1. 7% Cum. Preferred StocK......ecoeeee.... 325 400,000 shs 399,900 shs 2. Common Stock ..... . %25 5,000,000 shs 1.947.241 shs i. PREFERRED 7% Provisions: Has preference as to assets and dividends. In liquidation entitled to $26.25 per share and dividends. Without consent of 24 of Preferred outstanding, company may not issue stock having preference or priority with this .ssue. Callable: At $26.25 on any dividend date on 60 days’ notice. Voting Power: Entitled to one vote per share on default of dividends for two years. Dividends: Initial dividend of 139% paid Feb. 1, 1927; regular dividends paid quarterly since. (Feb. May, Aug. and Nov. 1) TUMULATIVE STOCK Transfer Agents: Bank of America, ,08 Angeles; Anglo California Trust Jo., San Francisco: Chase Nat. Bank, Vew York. Registrars: Security-First Nationa. Sank, Los Angeles; Wells Fargo Bank & Union Trust Co. San Francisco; Juaranty Trust Co., New York. Listed on: Seattle Stock Exchange, Vew York Curb, Los Angeles and San francisco Stock Exchanges. Price Rap-—- 1029 1928 1927 Jigh .. LoS 311, 27 TOW eeieceimenneeaenmnnnnana 19 231; 2115 2, COMMON STOCK Details: Issued in exchange for jend after May 1, 1928, at 50c¢ per share United Oil Co. stock on the basis of payable quarterly Feb. 15, etc. 3 shares for 1 of United Oil Co. Transfer Agents & Registrars: Same Voting Power: Sole voting power as Preferred. with restrictions, see No. 1. Listed om: New York Stock Ex-Dividends: Initial dividend of 25c change, Los Angeles Stock Exchange per share and 15c¢ extra paid Feb. 1, and San Francisco Stock Exchange. 1927; May 1, 1927, 25¢, and quarterly Price Range: 1929 1928 1927 1926 thereafter to May 1, 1928, incl.; stock High .. ..49% 56 283, 251 tividend of 19, paid May 1, 1928. Divi- LOW... 11 231% 14 21% COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 1929 19: 1927 1926 ...$83,430,834 $52,021,390 *8,611,891 $32,070,568 65.844,295% 29.258 “99 1 130.07F 27.738.267 332,601 1992 9/9 Operating Profit ____._.......$17,57€¢" Other Income ........_ eran 20 Total Income interest ................. Depreciation ........ Federal Taxes ....... = Fr €,560 ©1044 190,780 289.444 7.644.392 952.271 , 1.692.121 TINhNANG 3) Net Profit ........... Preferred Dividends ................ “ommon Dividends ................ ~-} - AL Cdye wo )y 791 O00 Surplus ae. .3 4,009° 35 Carned, per share Common 24.04 4.343, £2 0 «> UY INDUSTRIALS COMPARATIVE CONSOLIDATED BALANCE SHEET, A- »{ Dec. 31 ASSETS- 1929 1528 1927 «(Oil Lands, Prop. & Equipment................[ 1,450,748 $58,264 492 $48,754,244 Tax Refund Claim... 121,403 eeeccnaans eeemmnennn Investments and Advances............. it 22,187 806,926 317,859 Pan-Am. West. Stock........oo 950 1% Stock Subscriptions Lal ———-Prepaid Expense ... ’ © A0E CABD cusmmsiissmminmae [ cere een r Notes & Accts. Receivable....................... Marketable Securities .. emer a Inventories eememeeas TOTAL ASSET LLIABILITIE. Preferred Stock Common Stock ... Funded Debt _...... Deferred Credits oo... iin iin. Advance from Afriliated Companies.... GOolA NOLES umvmsiumssssnisson —ssmesissssssppsnsnripes Deferred Purchase Obligation... . Bank Notes ........... Cee Accounts and Note-Current Purchase .. Preferred Dividends Gas Tax .. Federal Tax ......... : Accrued Interest, etc. ........ Litigation Reserve .................... Capital Surplus Surplus ... eee. $131.6 359.834.9220 9,997,500 ? £51,031 £7,900 £,083 9 5490 6,458,500 29,232,325 12.650.000 16,064 ~,000 2,402 0,934 . 4,960 «16,634 “52,236 72,692 4,000,00C > 847,17: 1.351,% 427,000 471,982 690,000 427,252 237 496 ng 376,734 200,000 91.939 TOTAL LIABILITIES ............ .. . *After depreciation and deple“i~n. FUNDEFE" ’ J 692 “iy € . jo iE d& 259 834.920 Outstanding First Mort. Bonds Serie: $25,917,000 Pan-Amer. 1st Mtg........ $10,770,900 Real Estate Mortgage........ eevee vonnnnn $410.000 FIRST MORTGAGE & COLLATERAL TRUST 8% SINKING FUND GOLD BONDS, SERIES A Interest Payable: May and Nov. 1, not exceeding the redemption price; at Bank of America, New York, or at amount to be increased proportionate-Trustee's office. ly if any more bonds are issued. p Lrihtees Security-Firs. Nat. Bank Tax Status: Company pavs 2% Fed-*f Los Angeles. Ce. eral income tax and refunds Penn, Registerable: As to principai Calif, D. of C., Conn. Md. Ky. and Denominations: $1,000 and $500. Mass. income taxes ! ! ’ Callable: On 45 days’ notice at 102% EE Lo and interest. Security: First lien on all real prop-Convertible: Each $1,000 principal >rty now owned or hereafter acquired amount of bonds convertible into 18 (except U. S. Govt. leases) and by deshares Common stock from May 1, 1929 Posit of all capital stock of the United to April 30, 1932; 17 shares from May Oil Co. all Class A Common (voting) 1, 1932, to April 30, 1935; 16 shares from 2nd 79.8% of the Class B Common of May 1, 1935 to April 30, 1938; 15 shares the Pan-American Western Petroleum from May 1, 1938, to April 30, 1941; or Co 14 shares from May 1, 1941, to May 1, Offered by: Tucker, Hunter, Dulin 1944, Co., San Francisco; Hemphill, Noyes & Sinking Fund: Starting Nov. 1, 1929, Co., Havden, Stone & Co. and Cassatt $417,000 to be retired semi-annually at % Co.. New York. Mav, 1929, at 99. 2. PAN-AMERICAN PETROLEUM (CO. FIRST MORTGAGE 15-YEAR CON-VERTIBLE 6% SINKING FUND GOLD BONDS Interest Payable: June and Dec. 15, 1931; $195 through Dec. 15, 1934; $210 at Bank of America, New York. or com- through Dec. 15, 1937; $225 thereafter. pany’s office. Sinking Fund: Starting Dec. 15, Trustee: Chase National Bank of 1927, company delivers to Trustee 1-28 New York, Security-First Nat. Bank, of entire issue on each June & Dec. 15. Los Angeles. Tax Status: Company pays 29% Fed-Registrar: Chase Nat. Bank, New a2ral income tax and refunds Penn. and York. Mass. state income taxes. Registerable: As to principal. Security: First mortgage on sub-Denominations: $1,000, $500 and $100. stantially all real estate owned in fee Callable: As a whole only, except at date of mortgage, including about for sinking fund, at any time on 60 1,242 acres of oil and gas land, a redays’ notice at 105 up to and including finery, terminals and storage plants. Dec. 15, 1926; premium decreasing 4 % Offered by: Blair & Co. Inc., New per year thereafter. York, Dec. 1925, at 99 and interest. Convertible: Into Richfield Com- Listed on: New York Stock Exmon stock at $180 through Dec. 31. change of Dec. 31, 1929 2d “thie ‘uthorized z5 tT at $75,000,000 12-15-25 12-15-40 $15,000,000 1930 180 THOMSON'S MANUAL ROSS ISLAND SAND & GRAVEL COMPANY GENERAL OFFICE: Lumbermen’s Bldg. Portland, Ore. HISTORY: Incorporated under laws of Oregon. BUSINESS: Company produces and distributes sand and gravel for all commercial purposes. PROPERTY: Company owns three islands in the Willamette River, within the city limits of Portland as follows: Hardtack Island and Toe Island, 243 acres; Ross Island, 157 acres. A 1,200 cu. yd. per 8-hour day gravel plant is located on Hardtack Island. Company operates distributing bunkers, trucks, etc. in Portland. SUBSIDIARIES: Beaver Portland Cement Co., Gold Hill, Ore.; Oregon Sand & Gravel Co. Salem, Ore. OFFICERS: D. L. Carpenter, Pres.; W. H. Muirhead, Vice Pres.; Harold Blake, Vice Pres.; Palmer L. Fales, Sec’y.; Buell C. Nelson, Treas. , DIRECTORS: W. G. Brown, D. L. Carpenter, P. L.. Fales, Russell Hawkins, Aaron Holtz, W. H. Muirhead, B. C. Nelson, C. F. Swigert. Fiseal Year Ends: Dec. 31. Annual Meeting: 2nd Mon. in Feb. CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized Outstanding 1. 7% Cum. Preferred Stock.............. $100 $750,000 $575,870 2. Common Stock .......No Par 30,000 shs 28,497 shs COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 ASSETS— 1929 1928 22,931 3 7,127 33,304 48,503 35,853 36,850 1.645 3,161 AS coe eee teens ream emn nae e mene e eee mmemeae Notes and Accounts Receivable. aan, Inventories eenemeeeemeseeseesmessesses-eesssmsessnseemne Equipment for Sale........ Total Current AsSsetS......oocooceo.. il mean ans 92,753 Beaver Portland Cement Prior Pref. red StocK.....oooceee. L5.,000 Beaver Portland Cement Preferred GioCko oo iominimnienn. 152,070 Beaver Portland Cement Common Stock wim miE 511,450 Other Investments .......... ean a 6,051 Property and Edquipment............... 726,479 Sinking Fund and Bond Interest... 12,839 Contracts Receivable .... £,195 Claims Due ..coooeeeneannaoo. emmme——ee 15,630 DEfErTEA TLEIMSE .vvecceers = crrrermmmvrmmmersnnsvnsnsinssiasssitssoiammin nis sssanssstasnnsns 87,072 TOTAL ASSETS cc... ..$2.872.419 LIABILITIES— Notes and Accounts Payable... o.oo iioees sms Salaries and Wages Payable... eee eeemeeeaannane Dividends Payable .ceececieer ii eieer eeceenreeeemanaeee Accrued Interest and TAX Su eeeeeeceeieeemeeenanneemnmanmeanen Total Current Liabilities. .........oooooiiiinioe. First Mortgage Bonds...... marae alana A SR FRR RT me, E00 contracts Unfilled o.oo ee eee nee ameememe nna Beaver Portland Cement Co. ....... en eemmmemeaaaeeneeanneaan 30nd Interest ACCrUe@. o.oo iieeeececeemnee emeammaannn deferred Items ooo eee mnean anna anan Preferred StOCK eee eee eam amas TOTAT, I.JTARTI.TTTES 95,641 150,000 152,070 611,449 6,051 1,762,214 19,405 9,861 18,530 93,779 $2.919.000 p 61,235 28,732 12,862 18.560 121,389 526,300 12,262 26,312 18,798 1,250 636,170 1,576,519 £2.919.000 9 R79 419 FUNDED DEBT, As of Dec. 31, 1929 "ist (Closed) Mort. & Collat. Rate Dated Due Authorized Outstanding Secured Gold Bonds.............. 7% 1-1-27 1-1-37 $550,000 $514,800 interest Payable: Jan. and July 1 at Federal income tax up to 29% and re-Trustee’s office, funds Oregon and Calif. 4 mills tax. Trustee: Title & Trust Co., Port- Security: First mortgage on fiscal 'and, Ore. assets of the company and by pledge Registerable: As to principal. yf Beaver Portland Cement Co. stock Denominations: $100, $500, $1,000. and Oregon Gravel Co. stock. Callable: At 103, on any int t _ Other Details: Company agrees to Ta 0 Ais moe) y 1Interes imit Common stock dividends to $2.50 © ys’ notice. ser share until bonds have been re-Sinking Fund: 5c per yd. of sand rired. and gravel produced to purchase bonds Offered by: Ralph Schneelock & Co, at not to exceed call price. or call bonds Sortland; Murphey, Favre & Co. Spohy lot. sane; Wm. P. Harper & Son. Seattle. Tax Status: Company pavs normal Jan.. 19217. INDUSTRIALS 381 SAFEWAY STORES, INC. GENERAL OFFICES: Gazette Bldg., Reno, Nevada. HISTORY: Incorporated under laws of Maryland, Mar. 24, 1926, as a holding company to acquire the business of Safeway Stores, Inc.,, of California, which a short time afterwards acquired the grocery stores and bakeries of H. G. Chaffee Co., Skaggs United Stores, of Idaho, and Skaggs Cash Stores, of California. BUSINESS: The company, through its subsidiaries, operates an extensive chain of grocery stores and markets located in California, Washington, Oregon, Montana, Idaho, Texas, Arizona, Oklahoma, Colorado, Nevada, Missouri, Nebraska, Kansas, Wyoming, Utah, New Mexico, Iowa, Arkansas, Maryland, Virginia, District of Columbia, Saskatchewan, Canada, and Honolulu. PROPERTY: At the end of 1929 company operated 2,660 grocery stores (1.366 of which had meat markets in connection), 15 bakeries, 44 warehouses and 2 creameries. Buildings are owned in Los Angeles, Washington, D.C., and other cities, which are used as branch offices, garages, factories and produce departments, and which have a total floor area of 1,500,000 sq. ft. Practically all stores and other buildings occupied are leased. SUBSIDIARIES: Safeway Stores, Inc., California. Pay 'n’ Takit Stores, Inc., Arizona. Skaggs-Safeway Stores, Inc., Nevada. Sanitary Grocery Co., Inc., Delaware. Skaggs-Safeway Stores, Inc., California Piggly Wiggly Eastern Co., Inc., Dela. Bird Grocery Stores, Inc. Texas. ware. Western States Grocery Co., Californ:s astern Stores, Inc, Maryland. Western States Grocery Co., Nevada. Standard Commodities Corp., Delaware. Arizona Grocery Co., Arizona. Stndard Provisions Corp., Delaware. Tri-State Grocery Co. Texas. Piggly Wiggly Pacific Co., Inc., Califor-Neway Stores, Texas. nia. Safeway Stores, Inc.,, Texas. Safeway Stores, Ltd., Canada. EXECUTIVE OFFICERS: M. B. Skaggs, Pres, Oakland, Calif.; L. S. Skaggs, Vice Pres., Denver, Colo.; Edward G. Yonker, Vice Pres, Washington, D. C.; Edward Dales Vice Pres. Los Angeles. Calif.; W. R. Griswold, Sec'y.-Treas., Oakland, Calif. DIRECTORS: M. B. Skaggs, L. S. Skaggs, W. "3. Brockman, Charles E. Merrill. GENERAL AUDITORS: Peat, Marwick, Mitchell ¢ Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in A CAPITALIZATION, As of Dec. 31, 1929 Par Value $100 £100 $100 Dar Authorized $5,000,000 $6,000,000 $4,000,000 1.500.000 shs Outstanding $4,598,400 $5,915,000 None 643.911 shs 79% CUMILATIVE CORNYE PTIRLE PREFERRED STOCK 6% Preferred stock. Directors may authorize payment of not over $10 per share to holders of 7% Preferred, who shall exchange the same for 69% Pre-‘erred within such period as may be from time to time specified. Voting Power: No vote, except in lefault of six quarterly dividends, when the holders of both classes of Preferred have the exclusive right to elect directors. Dividends: Payable quarterly, Jan. l, etc, $7 a year. Initial dividend July 1, 1926. Fully paid to May, 1930. Transfer Agent: Chase National Bank, New York City. Registrar: Bank of America, N. A. New York City. Public Offering by: Merrill, Lynch & Co., New York, in 1926, at par. Listed on: New York Stock Exchange. Price Range: *1930 1929 1928 High .rennnneeeee. 109% 10915 106% [ow ic... 1081; 100 106% ET Mav 30 Provisions: Has equal preference with 6% Preferred as to assets and dividends. Entitled to 7% cumulative dividends. In liquidation entitled to 2110 per share Warrants: Each share carries warrant which originally entitled holder to purchase one share of Common stock at prices ranging from $300 to Dec. 31, 1926, to $500, Dec. 31, 1930. After stock split up of 5 for 1 in 1928 and inauguration of $5 per share (option 59% in stock) dividend policy in 1930, company gave holders of warrants right to subscribe to Common stock at $100 per share to the extent of 119% of the number of shares allowed under original warrants. Sinking Fund: Annual pavments to a sinking fund starting July 1, 1927, in an amount sufficient to retire 3% of the largest amount at anv time outstanding. Callable: At $110, on any dividend late, on 60 days’ notice. Convertihle: Share for share into $82 THOMSON'S MANUAL 2. 6% CUMULATIVE PREFERRED STOCK Provisions: Shares equally with 7% Preferred, preference as to assets and dividends. Entitled to 6% cumulative dividends and in liquidation is entitled to $110 a share. Sinking Fund: Annual payments to a sinking fund, starting July 1, 1933, in an amount sufficient to retire 2% of the largest amount at any time outstanding. Callable: At $110, on any dividend date, on 60 days’ notice. Voting Power: No vote except in default of six quarterly dividends, when the holders of both classes of Preferred have the exclusive right to elect directors. Dividends: Payable quarterly, Jan. 1, etc.,, 6% per annum. Initial dividend Joly 1, 1928. Paid regularly to May, Transfer Agent: Chase National Bank, New York City. Registrar: Bank of America, N. A. New York City. Public Offering: 2,000,000 shares by E. A. Pierce & Co. and Merrill, Lynch & Co., New York, in Jan. 1930, at 96. Listed on: New York Stock Exchange. Price Range: *1930 1929 1928 High .eeceee 997% 101 97 | 970)" 94 85 95 *To May 30. +« COMMON STOCK Details: Authorized Common stock split-up. Beginning Jan. 1, 1930, $5 per was increased from 60,000 shares to 75,- share per annum, or 5% in stock at 000 ET 1926; 0 8008 holder's option. shares to y shares Feb. v ' > . dtd and from 150,000 shares to 1,500,000 ‘Trangrer Anents hase Natianal Bank, New York City. shares Oct. 15, 1928, and was exchanged i . Kk A i” A »n the basis of five new shares for each Registrar: Bank of America, N. A, 51d share. New York City, Voting Power: Sole voting power, Listed on: New York Stock Exunless Preferred dividends are in ar- change. “ears. Price Range: *1930 1929 1928 Dividends: Payable quarterly, Jan. High .ccveeeeeeee.. 12234 1951; 2013 1, ete. $9.50 paid in 1927; $11.50 in Low ................. 88 9014 1481 1928: $3.00 in 1929, after five for one *To May 30. EARNING STATISTICS Net Income Total After Costs, Exp. Dividends Sales Deprec., Taxes Paid eeennn $ 50,536,513 $1,480,685 $ 546,797 eons 69,573,685 1,906,674 823,336 2020 103,303,598 3,505,098 1,592,642 2660 213.496.255 6.147.313 2,763,391 cor’ ASSETS “VRE CONSOLIDATED RALANCE SHEET, As of Dec. 31 1929 1928 200.981 v 5,835,030 oo. 830,769 4 249.087 15.663.601 CAS cece esereamee semen nam nema mmae aman enees Accounts and Notes Receivable... [nventories ... Total Current Assets. eeene————— [J]. 8. Treasury NOLES. .....ccsimsisirmsniossmsms sits samsssnresmseresmmenssny con Prepaid Expenses and Charges. ........orerreeiineencecceiiinnes Investments and Advances oii eee pees Treasury Stock ..... eevemeeeeameeresceemassesemesmncts sevememnsee Total Fixed Assets............ remmnm em ARAL —_— LSS DeDTECIATION eee eee ceeemeeceni senna er meeeee eae msms nnn enennnennnnn TOTAL ASSETS ooo enmrasensaenanieenenmmnnn nn 94 TTT Ae 89 be $22,329,400 303,437 292,646 437,185 579,677 11,621,342 2,811,390 $32,652,297 999 x 1958 LIABILITIES-Notes Payable ....... e—ean A Accounts Payable ..... . eee eienm—m—eemeeaanananeee Sundry Notes Payable... iieoeeeie cecaccemneeennn mene s ence Accrued Liabilities and Federal TaX.......ccoimiimmommeennenes (fash Dividends Pavable _ ee mmememeoneeneenseeseemeeseeenen on nonn 2,665,000 .376,602 45,434 .482,843 288 154 3,069,714 101,097 ,317,016 E52 649 Total Current Liabilities PT Deposits on Leases............. meevenaeiannnnan eee Mortgage on Real Estate ___........ A — Funded Debt Subsidiary Companies... .cooceccivricarmmuemmceecmaees Preferred Stock Subsidiary Companies... .creienenees Stock Dividends Payable eemnanes 1% Preferred Stock ........ ER 3% Preferred ........ . cose os eeeememmeeeeemeneeeneeneonae Common Stock .......... eee eeoemomenearenneeneer———nan Harned Surplus ..... enema nasa RRR e 8.655,936 17,670 220,500 183,500 200,400 593,278 ,598,400 ..915,000 10,016,906 7.213.604 ‘7 715 144K § 5,040,476 14,766 259,000 439,500 234.250 1,745,200 3,915,000 14,174,423 3,829,682 £2929 859 997 TOTAT, I.TARITLLITTES INDUSTRIALS SEATTLE TIMES COMPANY GENERAL OFFICE: Times Square, Seattle, Wash. HISTORY: Incorporated under laws of Delaware, Feb. 1, 1930, succeeding the Seattle Times, Inc, which was originally established by Col. Alden J. Blethen in 1896. BUSINESS: Publisher of the Seattle Daily Times, an evening newspaper, and the Scattle Sunday Times. Average daily circulation, 100,000 copies. Owns exclugive Associated Press franchise for evening daily service in Seattle. OFFICERS: CC. B. Blethen, Pres.; Elmer E. Todd, Vice Pres.; F. D. Hammons, Sec'y.-Treas. DIRECTORS: CC. B. Blethen, Elmer E. Todd, F. D. Hammons, Rae Kingsley Blethen, A. B. Colmary, A. P. Schweppe, Stanley N. Minor, Raymond R. Frazier, B. F. Ridder. GENERAL COUNSEL: Todd, Holman & Sprague. GENERAL AUDITORS: Price, Waterhouse & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Tues. in Jan. Number of Employees: 700. CAPITALIZATION, As of June 30, 1930 Par Value Authorized 7% Cumulative Preferred Stock.... $100 $1.000,000 Class A Stock...... veeeee-en.NO Par 20,000 shs Class B Stock.... .....No Par 1.000 BALANCE SHEET, As of Oct. 31, 1929 LIADRILLITIES ASSETS Associated Press Franchise....$3,960,398 Real Estate ... ceeeeee 141.545 Machinery & Equinmeni _.. 669,934 Accts. & Notes Receivable 410,122 Inventories ... 98,120 Cash ....... 84,653 Deferred Char 160.871 TOTAI., ASQR1 Funded Debt . ee..32.000,000 Preferred Stoc’ J00,000 lass A Stock. 300,000 Class B Stock... 141,555 Deferred Liabil’ 40,000 Notes Payable 260,000 Accts. Payable . 00,464 Accrued Taxes ..... 59,266 "Tnearned Revenue _. 14,358 TOTAL LIADILITIES .........855958643 $5 595 643 FUNDED DEBT, As of Feb. 1, 1930 Rate Dated Due Authorized 6%% 2-1-30 2-1-48 $2,000,000 Interest Payable: Aug. _. and Feb. ., at office of trustee. Trustee: First Seattle Dexter Horton National Bank, Seattle. Registerable: As to principal. Denominations: $1,000 and $500. Callable: In whole or in part on any interest payment date on 30 days’ notice at 103 and accrued interest up to and including Feb. 1, 1942, and thereafter at the call price, diminished by 15% each succeeding vear after Feh 1 1942, Sinking Fund: A cumulative semiannual sinking fund of $95,000 will be deposited with trustee commencing on Aug. 1, 1930, to be applied in payment of interest and purchase of bonds in the open market up to the call price. In addition to this sinking fund provision, proceeds from sale of certain other assets are to be deposited with trustee in event of sale of such assets, for purchase and redemption of bonds. The semi-annual sinking fund payment will retire the whole issue by maturity. Tax Status: Company pays normal Federal income tax up to 29%. Provisions: Corporation covenants that so long as any of these bonds are outstanding: (1) No mortgage or lien shall be placed on any property of the corporation excepting purchase money mortgages on after acquired property Outstanding $2,000,000 and excepting that, upon payment of $100,000 into the sinking fund, a lien 1ot exceeding 609% of the cost of real >state and buildings may be placed 1pon one of several tracts of real proprrty owned by the corporation. (2) WVith the exception of these Debenture 3onds the corporation will incur no inlebtedness (other than purchase money nortgages or conditional sales on after icquired property) except in the usual rourse of business and maturing not ater than one year from date thereof. 3) That the corporation will not pay n any fiscal year any cash dividends ipon its Class A stock or Common stock or make provision for retirement >f any of its outstanding stock until t shall have first paid to the trustee, ‘unds sufficient to meet all interest ind sinking fund requirements under :aid Indenture for the current fiscal year and for the first interest and sink-‘ng fund payment due in next suceceeding vear. Legal Opinion by: McMicken, Ramsay, Rupp & Schweppe and Todd. Holman & Sprague. Offered by: Dean, Witter & Co., Seittle, and First Securities Corp. and Wells, Dickey & Co., Minneapolis. Minn. Jan.,, 1930, at 981%. I[.isted on: Seattle Stock Fxchange. 384 THOMSON'S MANUAL SHERMAN, CLAY & COMPANY GENERAL OFFICE: San Francisco. BRANCHES: Seattle, Tacoma, Spokane, Portland. HISTORY: Incorporated under laws of California in 1892 to take over the business originally formed in 1870. In January, 1928, 5 music stores of Wiley B. Allen, in northern California, were acquired. BUSINESS: Does a wholesale and retail musical merchandise business, handling such products as Victrolas, pianos, phonograph records, small instruments, sheet music, etc. Does extensive mail order business in all western states, Hawaii, Alaska and the Orient. PROPERTY: Owns and operates 32 stores throughout the Pacific Coast states, including stores in Oakland, San Francisco, Los Angeles, Sacramento, Stockton, Tresno, San Jose, Seattle, Portland, Tacoma, Spokane and Bakersfield. OFFICERS: P. T. Clay, Pres.;: F. R. Sherman. Vice Pres.; F. W. Stephenson, Sec’y.; G. W. Bates, Treas. DIRECTORS: P. T. Clay, F. R. Sherman, F. W. Stephenson, G. W. Bates, R. E. Robinson, E. P. Little, R. C. F. Ahlf, H. H. Fair. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Tues. after 3rd Mon. in Jan. CAPITALIZATION, As of May 1, 1930 Par Value Authorized Outstanding 7% Cum. Prior Preferred Stock...... $100 $3,000,000 $2,274,900 6% Non-Cum. Preferred Stock...... $100 $2,000,000 $1,739,000 Common Stock avneaenee $100 $1,500,000 $1,500,000 Stockholders March 27, 1930, voted a proposal of the board of directors to reduce Common stock from $2,000,000, divided into 20,000 shares of $100 par value, to $1,500,000, represented by 15,000 shares of $100 par value, and to provide that lividends on the 7% Prior Preferred and the Preferred stock may be paid from any assets of the corporation available for dividends. L. 2. 3. il. 7% CUMULATIVE PRIOR PREFERRED STOCK Provisions: Preferred as to assets and 7% cumulative dividends over all nther stock. 105. All stock so purchased to be canrelled. If no stock is available at or selow this figure, the unexpended balance is to revert to the company on ‘he next annual sinking fund payment late. Tax Status: Company pays 2% Fed-:ral tax and Calif. personal property ‘ax. Dividends: 79% per annum, payable juarterly, Jan., Apr. July, Oct. 15, naid regularly to Jan. 1, 1930. Ex-Dividend Date: Last day of preeding month. : Transfer Agent: Crocker First Naional Bank, San Francisco. Registrar: Bank of California, N. A,, jan Francisco. Public Offering by: Crocker National Bank and Cyrus Pierce & Co. San Francisco, May, 1923, at 99. Listed on: San Francisco Stock Exchange. Price Range: #1930 1929 1928 High .cccoeeeeeeceeannn 64 103 991, LOW eooeieceaneeenneean 42% 80 92 *To June 30. 2, 6% NON-CUMULATIVE PREFERRED STOCK Provisions: Second preference as to paid 1926; 6% paid 1927; none thereassets and dividends. after to Jan., 1930. Dividends: Pavable monthlv. None Unless upon consent .of the holders of at least 75% of the outstanding Prior Preferred stock, the company may not: (a) Issue any stock having priority over or parity with this issue. (b) Create any lien upon its real property, other than purchase money mortgages on property subsequently acquired. (c) Pledge any of its personal property. (d) Make or execute any notes, debentures or bonds maturing more than 1 year beyond their date, other than notes given for purchase of merchan-16 3. COMMON STOCK 149% was paid; none thereafter to Jan. 1920 Dividends: 1921, 69% cash and 100% stock; 1922 to 1924, incl, 6% per annim: none thereafter to 1927. when INDUSTRIALS COMPARATIVE BALANCE SHEET, As of Dec. 31 1929 649,321 163,023 265,200 51,600 $40,266 9,181 150,000 ASSETS— Land and Buildings......... .. RRR EAR een {.easehold Improvements ... emeeesemeeeeseesmseonamemeensemesemons Furniture, Fixtures, etc. ..... een emeeemeenemaeaeanieeane amen Deferred CHASES ..ccmsmumn + soesvesy iwsmssssssusnsy sow 8 seve —— Other Receivables—P-~rtia’ =~ Secured................ccoooooimiirimenee. Investments ....... . ee emeteeeeeeeeeeaaem cea eeema—n Sheet Music Copyrigh:s.... em ————-Current Asset: CaS iii icicieee rimeeoenaan Accounts Receivable ...... Inventory ... TTRAFS 3,08, 1.584.9¢( 385 1928 555,299 "7295 171 - A a 2 ne Total Current Assets....... TOTAL ASSETS .. “7 400. 32 LIABILITIES Prior Preferred Stock.......... earn eeerneneeainneeneanneannnennn 3 2,285,400 Proferred BLOCK .ouummmmemimmm mmm i sms sss seis de + 739,000 COMMON STOCK coi eemecceeceeceeeeeee ees e rene eam ee snneesnnns “77.000 Capital Surplus ................. eee meee anemone amen 104 Earned BurPlus cco mmbnariiiitsitienntatomebibnnmmnnsbiniin thiamin 539 Contingent Com. and SalariesS.............ocooiviiiiiieceaees oe. 180 Due Bills Payable in Mdse. ... eee een L629 Mortgage, Seattle Property....... i. -. no 000 Current Liabilities: NoLEs £0 BANE omscummo sms sos sis vs Sie Er Tr ECR ETRE YS EYRE TAS Notes Payable——OthersS o.oo eee eee meee Accounts Payable ..ceeennaennnen eee eae amen anan Dividends Payable ............ momma mm ela mil mame pe em Total Current Liabilities ._ 2,635,400 1,739,000 © 000,000 258,447 “3,621 69,251 "000 S08 983 £119 7a0 Q12 TOTAL LIABILITIES .... Net Working Capital... ummmarenmmrmmsssovasimsseses Ratio Current Assets to Current Liabilities......... Book Value Common shares...... “632 re'"55 +.33:1 .32.60 SKAGIT COUNTY DAIRYMEN'S ASSO. GENERAL OFFICE: Burlington, Wash. BRANCH OFFICE: Mt. Vernon, Wash. HISTORY: Incorporated under laws of Washington, Dec. 20, 1916. In 1919 built condensary at Burlington, Wash. On Nov. 1, 1923, Federal Condensed Milk Co. plant at Mt. Vernon, Wash., was taken over. BUSINESS: Manufacturing dairy products. Principal products: Evaporated milk, butter, milk powder and cheese. PROPERTY & PLANTS: Association owns condensaries at Burlington and Mt. Vernon, Wash.; owns and operates a fleet of 40 trucks which are used for picking up the milk at the various members’ farms, delivery of sales in the country and delivery of milk to Seattle for the bottled milk trade. SUBSIDIARIES: Skagit Agricultural Credit Corp. organized Mar. 1, 1929, capital $10,000. Acts as discounting corporation, loaning funds to dairymen from Federal Intermediate Credit Bank. OFFICERS: P. A. Cornelius, Gen. Mgr.; W. J. Knutzen, Pre. , 1. Harrison, Vice Pres.; S. M. Butler, Sec’y.-Treas. IRPOrORS: W. J. Knutzen. J. M. Harrison, S. M. Butler, Emil Wersen. J. G. reen. i GENERAL COUNSEL: Thomas Smith, Mt. Vernon, Wash GENERAL AUDITORS: 2R..C. Mounsey & Co., Seattle, Wa... Fiscal Year Ends: Dec. 51. Annual Meeting: 4th Fri. in lau Number of Employees: 150. CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized cereeneee $10 3.000 shs AJLANCEK SHE TRT EC Common Stoel L A QQERYT As of Dec. 31, 1929 LIABILITIES Accounts Payable ........o..............3113,715 Accrued Interests and Taxes... 19,021 Other Accrued Items 868 Funded Debt . 83,5683 Capital Stock ....... 25,630 Stock Subscriptions _...._.. 372 Redemption Certificates .._......... 1,909 Rurplus aoe. ceeneeneeeeenee 273.766 TOTAL, LIARIL.ITIES 1988 864 CASN. soaumrsmimisimritnmmmmsessommesnommess- 3. 30,500 Accts. & Notes Receivable....... 134,231 Chattel Mtge. Loans........ eee 9,086 Dividends Receivable 7,519 Inventories ................_.. “1,338 Plant & Equipment. . 204,694 Investments .....ooooomeeicieoreeeriennnee 422,379 Ne "arred Charges oooeeveeeeeeeeeeeo.. 23.049 TOTAL, ASSETS o......8988.864 THOMSON'S MANUAL FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding 1. First Mortgage Bonds.......... 7% 3-1-24 1925-34 $250,000 $154,000 2. General Mortgage Bonds........ 7% 4-1-25 4-1-35 $200,000 $124,000 1. FIRST MORTGAGE BONDS glraerest Sayable: Semi-annually, mium varying with maturity dates. Mar. 1 and Oct. 1. Sinking Fund: Of $25,000 and inrine Payable: $15,000 each Mar. crease from returns on investment. an ct. 1. Trustee & Registrar: National Bank Tax Status: Company pays normal »f Commerce, Seattle. Federal income tax up to 2%. Denominations: $100, $500, $1,000. Security: First mortgage on all the Callable: Before maturity at pre- physical assets. 2, GENERAL MORTGAGE BONDS interest Payable: Apr. and Oct. 15. Tax Status: Company pays normal I'rustee: Skagit National Bank, Mt. Federal income tax up to 2%. /ernon. Wash ’ Security: Mortgage on physical as-’ ’ sets of Skagit County Dairymen’'s As-Denominations: $100, $500, $1,000. sociation, but junior to First Mortgage Callable: Bonds are callable. Bonds. SMITH CANNERY MACHINES COMPANY GENERAL OFFICE: 2423 First Ave. So. Seattle, Wash. HISTORY: Incorporated under laws of Washington, having its inception in 1901. BUSINESS: Company manufactures machinery used in the salmon packing injustry, the principal product being a machine known as the “Iron Chink,” which automatically butchers, cleans and prepares salmon for canning. The development of the salmon industry owes much to this machine, which was invented in 1901 by E. A. Smith, one of the founders of the company. The company also manufactures other precision machinery for the canning ndustry. Its principal market is among fish canneries in Oregon, Washington, British Columbia, Alaska and the Orient. PW PICERS: Darrah Corbet, Pres.; O. R. Rabel, Vice Pres.; E. A, Strout, Jr., Secyreas. DIRECTORS: TU. M. Dickey, Ralph H. Miller, John Wallace, E. H. Waugh. CAPITALIZATION: Par Value Authorized Outstanding Common Stock . a $1 150,000 shs 148,100shs Dividends: Irom Sept. 1908, to Mar, 1929, total of $517,500 paid, averaging 17% per annum. Commencing July 15, 1929, 4c per share paid quarterly, Jan, Apr., July and Oct. 15. Transfer Agent & F r«istrar: Nation-BALANCE SHEET, ASSETS Equipment, Patents, etc. ............$ Marketable Securities _................ [nventories ................ + ded BEE Accts. & Bills Rec. ....... ..... .. Due on Contracts .. --Accrued Interest ....... 2aSh cee Prepaid Insurance ..... TOTAT., ASSETS 23,560 F000 DOr - al Bank of Commerce, Seattle, Wash. Public Offering: 90,000 shares by Marine National Co., Seattle, March, 1929. Stock was purchased from individuals and did not represent new financing. As of Feb. 28, 1929 LIABILITIES “apital Stock aoeeeees ser ciieeceee... $148,100 Accounts Payable coe. 13,715 Reserve for TaXesS...ccocreoieeimucramnnnnn 7,731 Other ReServes .ciccccomccemenmnnns 3,600 Surnlus cee. eeemmaneonoaenne 10.295 TOTAT, ILTARILITIES .............3183.441 BOND VALUE TABLES INTEREST TABLES BOOKS ON FINANCE Will send on approval to any rated firm. | Most’ complete stock in Pacific Northwest. : THOMSON’S BUSINESS BOOK SERVICE INDUSTRIALS 287 SMITH, DAVIDSON & WRIGHT, Ltd. GENERAL OFFICE: Vancouver, B. C. BRANCH OFFICES: Calgary, Edmonton, Saskatoon and Victoria. HISTORY: Incorporated under laws of Canada, Feb. 28, 1907. BUSINESS: Operates paper, stationery and printers’ supply houses in Western Canada. PROPERTY: Real estate and buildings are located in Vancouver, Calgary, Edmonton, Saskatoon and Victoria. SUBSIDIARIES Company owns one-third of the outstanding stock of the Westminster Paper Co., New Westminster, B. C. DIRECTORS Frederick Smith, William E. Davidson, Francis Wright, E. B. Mc-Dermid, Victor W. Odlum, Cecil F. Cotton. CAPITALIZATION, As of Nov. 1929 Par Value Authorized Outstanding 7% 1st Cum. Pref. Shares....... $100 $500,000 $300,000 2nd Non-Cum. Pref. Shares... $100 $500,000 $300,000 Common Stock woeee..NO Par 18.000 shs 123.000 shs I. 2. 2? Ll. 7% FIRST CUMULATIVE REDEEMABLE PREFERENCE SHARES Provisions: First charge on assets part on 30 days’ notice, on any dividend of company except for mortgages, and date. preferred as to 7% annual cumulative Voting Power: No vote except in dividend. case of default of 6 quarterly divi-During the life of preference stock, dends, when entire voting rights are the underwriters are to appoint at least !0 be assumed. one director to the Board. Tax Status: Free of British Colum-The unissued First or Second Prefer- bia income tax. ence stock can only be issued provid- Dividends: Payable quarterly, Jan., ing the asset received is equivalent to Apr., July, Oct. 1. at least twice the par value of the Registrar: Royal Trust Co. stock. : . N : _ Ki . Public Offering by: Royal Financial No senior securities ranking prior to Corp.,, Ltd.; Victor W. Odlum, Brown First Preference stock may be issued & Co., Vancouver, B. C., April, 1930, at without consent of two-thirds of First 100, with bonus of 1 share of ‘Common, Preference shares. no par value, with each Preferred Callable: At 105 as a whole or in share. BALANCE SHEET, As of Nov. 30, 1929 ASSETS LIABILITIES Real Estate and Buildings......... 7% 1st Pref. Cum. Shares........ Equipment cermin. Trade Marks and Co- ~ioht. 2nd Pref. Non-Cum. Shares... Investments: . . Westminster Bape. Common Shares & Surplus... Eonger Faveloner Real Estate Mortgage......... Stanley Paper C B Accounts Payable .... Accounts Receivable 3 Life Ins., Surrender Bills Pavable so Cash esa pie TR Deferred Charges TOTAL ASSETS <1 074 45% SUNSET-McKEE SALESBOOK COMPANY GENERAL OFFICE: 2101 Livingston St., Oakland, Calif. BRANCH OFFICES: 1024 Ide Ave. Spokane, Wash. HISTORY: Incorporated under laws of Delaware, Aug. 21, 1928. Acquired all the outstanding capital stock of the McKee Salesbook Co. of Spokane, Wash. the McKee Salesbook Co., the Sunset Fanfold Co. and the Hall-White Co. of Oakland, Calif. The Oakland companies were consolidated in 1929. BUSINESS: A holding company, whose subsidiaries manufacture salesbooks and various manifold forms and do general commercial printing. FACTORIES: In Oakland, Calif., and Spokane, Wash. . OFFICERS: Frank H. Abbott, Jr., Pres.; James A. McKee, Vice Pres.; W. H. Fischer, Vice Pres.; L. H. Munson, Sec'y. DIRECTORS: Frank H. Abbott, Jr., James H. Brady, Horace J. Brown. Robert Buchanan, W. H. Fischer, James A. McKee, Edwin Smetheram. GENERAL AUDITORS: Lybrand, Ross Bros. & Montgomery. Fiseal Year Ends: Aug. 31. Annual Meeting: 1st Mon in Nov THOMSON'S MANUAL CAPITALIZATION, As of Aug. 31, 1929 Par Value Authorized Outstanding l. Class A StocK.ooooooooccececcceecneeeeae NO Par 50,000 shs 30,000 shs 2. Class B Stock........ ...No Par 100,000 shs 46,000 shs 1. CLASS A STOCK iend of 37%c was paid Dec. 15, 1928, and continued regularly to and includ-‘ng Sept. 15, 1929. Transfer Agent: Cole-French Co, San Francisco. Registrar: American Trust Co. San Francisco. Public Offering by: Shingle, Brown &% Co. and Geary, Meigs & Co. Oct, 1928, at $21.50. Listed on: San Francisco Curb. Price Range: 1929 1928 High .. rensnnamiiomiely TD 321% LOW eons. eee 1534 203% Provisions: Is preferred as to assets and cumulative dividends of $1.50 per annum. Participates equally share and share alike in any additional dividends after Class B receives $1.50 per annum. [n liquidation receives $30 and accrued jividends and shares equally in any re-Naming assets after Class B receives Voting Power: Has equal voting power with Class B. Tax Status: Company pays normal Federal income tax up to 2%. Dividends: Payable quarterly, Mar, June, Sept. and Dec. 15. Initial divi-2. CLASS B STOCK Provisions: Provided 12 consecutive f£x-Dividend Date: 4th of preceding quarterly dividends of 37%c per share month. have been paid on both classes of stock, a ie, Agent: Cole-French Co, a majority vote of the directors can i De : terminate, on any subsequent dividend Tre LIV AAry American Trust Co. San jate, all distinctions between A and B : . docks Public Offering by: Shingle, Brown : & Co. and Geary, Meigs & Co., San Voting Power: Equal voting power Francisco, Oct., 1928, at $15.50. with Class A. Listed on: San Francisco Curb. Dividends: Initial dividend of 25c¢, Price Range: 1929 1928 paid Dec. 15, 1928, and 25¢ each quarter, High .... oe 28 ncluding Sept. 15. 1929. Low I 14 rreeaanenn $162,743 573 errmneeennnnnn-$163,316 rcaseenennee DB,521 ceeameememnseeenmeene 13.926 Co 1.06 Net INCOME coroeeeenmeeeeenenenmnns farned, per share Class A stock...... Earned, per share Class B stock.o..cooceeciiiaie. BALANCE SHEET, As of Aug. 31, 1929 A QQETS LIABILITIES Capital Stock & Surplus............$ Warranty Deposit oo... Accounts Payable o.oo... Accrued Expenses ..c...cccocceeeemes TaX RESEIrvVe .cceucceeeoeorocaeanmonn: Dividends Payable ..o.cccocraneaen TOTAL LIABILITIES _..........$1.076.234 LaBUTUl eeseemmrmmrmning wild oR D Bldgs., Equip. (less dep.)........ Securities & Real Estate.......... Deferred Chgs. & Organ. Exp. CAS eens Notes and Accts. Receivable... [Inventories .... reemmmmmna mmm amma TOTATI, ASSETS ___.%1.076.234 942,537 25,000 47,982 16,743 21,222 29 750 SUPERIOR PORTLAND CEMENT, INC. GENERAL OFFICE: 1003 Seaboard Bldg. Seattle, Wash. FACTORY BRANCH OFFICE: Concrete, Wash. HISTORY: Incorporated under laws of Washington in Dec, 1925, succeeding to business of Superior Portland Cement Co. Predecessor corporation purchased plant of Washington Portland Cement Co. in Dec. 1918. for $1.200.000. absorbing .t into the present plant. BUSINESS: Producers and distributors of Portland cement, being the largest manufacturer of this product in the State of Washington. PROPERTY: Company owns and operates a 6-kiln plant at Concrete, ‘Wash, in Whatcom County, 2 miles east of Bellingham on a branch of the Great Northarn Ry. Capacity of plant is 6,000 barrels of clinker, or raw cement. The grinding plant can turn out 7,000 bbls. of refined cement daily. The plant is on a 10-acre tract on which limestone is available in sufficient quantity to supply the present plant with raw material for 75 vears. Stone is transferred from marry to mill on a 6.000-foot tramway. INDUSTR(" SUBSIDIARIES: Baker River Power, Light and Water Co. which supplies 2% of the company’s power requirements, with additional undeveloped water power sufficient to more than supply the total requirements. DFFICERS: E. P. Lucas, Pres.; C. N. Reitze, Vice Pres. & Gen. Mgr.: G. E. Dickinson, Vice Pres. & Sec'y.; C. L. Wagner, Vice Pres.; Gordon Tongue, Treas & Sales Mgr. DIRECTORS: M. A. Arnold, R. V. Ankeny, H. Goetz, J. J. Murphy, J. H. Kane, J. A. Swalwell, H. G. Reed, T. B. Eastland, N. R. Tucker, E. P. Ross, C. N. Reitze, G. E. Dickinson, C. L. Wagner, Gordon Tongue. GENERAL COUNSEL: Stratton & Kane, Seattle, Wash. GENERAL AUDITORS: Smith, Robertson & Co. Seattle, Wash Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Mon. in Jan. Number of Employees: 150. CAPITALIZATION, As of Dec. 31, 1929 Par Value reemceneeenneaee-NO Par No Par 1. Class A Part. Stock. 2. Class B Stock Authorized 100,000 shs 100.000 shs Outstanding 76,733 shs 100.000 shs 1. CLASS A PARTICIPATING STOCK Provisions: Preferred as to dividends up to 27%c per share per month, cumulative from Dec. 1, 1925, and up to 350 a share in liquidation. After preferred dividends have been paid on Class A, dividends not exceeding $1.50 per year may be paid on Class B, after which both classes participate equally ‘in further distribution of earnings. Restrietions: No mortgage, lien or nther incumbrance may be created or bonds or notes issued (excepting purchase money obligations) having maturity longer than one year, except with consent of majority of outstanding Class A stock. Callable: At $60 and accrued dividends upon 60 days’ notice, either all ur in part. Convertible: Share for share into Class B at any time, up to date announced for redemption. Voting Power: If 12 monthly dividends are passed, Class A assumes full voting rights, continuing until dividends are brought up to date. Dividends: 271%c¢ per share paid on he first of each month since Jan. 1, 1926. Ex-Dividend Date: 23rd of each month. Transfer Agent: Company's office. Registrar: First Seattle Dexter Horton National Bank, Seattle, Wash. Legal Opinion by: Peters & Powell, Seattle, Wash. Public Offering by: Bond, Goodwin & Tucker, Dec. 1925, at $45. Number of Stockholders: 925. Listed on: Seattle Stock Exchange and San Francisco Curb Exchange. Price Range: 192¢ 1922 High ............. PL LOW vrei 2. CLASS B STOCK Convertible: Share for share into Ex-Dividend Date: Class A. and Dec. 15. Dividends: $1 per annum paid quar- Transfer Agent: Offices of company. terly, Mar, June, Sept. and Dec. 20 Registrar: First Seattle Dexter Horsince Sept.. 1926 ton National Bank. COMPARATIVE BALANCE SHEET, Ax of Dec. 31 ‘a9 £04,214 *13,772 "R103 _a4 ™ ASSETS— Land, Buildings and Eauipment............._. Investments .........__.. Deferred Charges ......... Current Assets: CASH ieee eee eee Notes and Accounts Rereivahla Inventories ........ Total Current Assets.......... eee enee ean eaaann TOTAL ASSETS ooo LTABILITIES— Capital and Surplur Reserves ................ Current Liabilities: Accounts and Notes Pavahla Accrued Payrolls Tax Reserve rc 20 Ler 253 290 £580 374 52,004 22,695 9? 314 9 Total Current Liabilities ..................coooooi TOTAL LIABILITIES Net Working Capital 0 Gly WF b! an THOMSON’S MANUAL SUPERIOR SERVICE LAUNDRIES, INC. GENERAL OFFICE: 1101 East Spring St.,, Seattle, Wash. HISTORY: Incorporated under laws of Washington in 1926 to acquire and consolidate the following laundries in Seattle: American National Laundry, Brookyn Laundry, New Method Laundry, New Richmond Laundry, Michigan Laundry, Superior Laundry, United States Laundry and West Seattle Laundry. BUSINESS: Company conducts general laundry and dry cleaning business in Seattle. . OFFICERS: H. A. Merrick, Chairman; L. B. Schwallenbach, Pres.; B. F. Ivey, Vice Pres.; J. H. Kidd, Sec'y.-Treas. DIRECTORS: B. F. Ivey, H. A. Merrick, W. C. Roope, L. B. Schwellenbach, F. C. Thornberg, W. H. Treseler. GENERAL COUNSEL: Schwellenbach, Merrick & MacFarlane. Fiscal Year Ends: Dec. 31. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding I. Class A StocK.ocaeeieeeeeeeaeaeeeeeeene NO Par 40,000 shs 31,873 shs 2. Class B Stock... reecvemeneeeene NO Par 80.000 shs 80.000 shs i. CLASS A PARTIC'PATING CUMULATIVE PREFERENCE STOCK Provisions: Entitled to $3.60 per an- voting rights, share for share, with num cumulative dividend and partici- Class B. pates share for share with Class B Dividends: 1926, (6 mos.), $30,000; stock in further dividends. Entitled to 1927, $71,322; 1928, none; 1929, $9.562. $50 per share in dissolution, after Transfer Agent: North Coast Bank which remaining assets divided equally g& Trust Co. Seattle, Wash. netween Class A and Class B. ’ . : . Callable: On 30 days’ notice at $57.50 Registrar: First Seattle Dexter Horand accrued dividends. ton National Bank. . } Convertible: At holder's option into Public Offering by: Pacific Empire “lass B stock. Co., Seattle, Wash., May, 1926, at $50 Voting Power: Class A has equal per share. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 929 1928 -06,993 95,849 TTY 22 “65 5 QO 1927 *$ 53,863 28,998 12,446 $ 12,420 *%83.742 5 96,162 71,322 Surplus for the year........... . $ 24,840 CMlass A Shares Outstanding.......... ..... 32,350 Earned, per share Class A..oiinniiiinaens $2.96 * After depreciation. t+$79 742 profit on sale of assets and $15,000 dividend from subsidiary. COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 ASSETS— 1929 1928 17,814 14,209 *n 680 25,375 794 *5,362 083 C715 _28 SR | v,935 132,0.4 £8.59 56,2" 7 © 41682593 312.679 GroSS Profit ooo eee [NEEYEeSt cooemerecee © eemeiiceceennan ememeeneees Depreciation ........... anmRRARRERE Cee TAXES. CLC. cooieeeccmaceaannenamseccnmessmrnnsnnnnan 0 = Net Earnings coco. Dther INCOME .oeeeeemieececcecaacninen Net Profit econ viens Mass A Dividends ...ccoceeciiiemieamee ane 1927 35,110 25,858 85,042 9,821 893,762 541,943 70,691 21 662.227 LUABTL eeerirnesramemmannennmnesmmnnenyemanes i URE REEARSE Er nn Notes and Contracts Receivable... Accounts Receivable ....... Dperating Supplies omens Co Land, Plants and Equipmcnt............... [Investments in Subsidiaries, c¢.C. eee repaid Ins., Unamortized Expense. etc... TOTAL ASSETS .cereeeeneee LIABILITIES— Accounts Payable ..eereeeeceeececceeceeenn$ Notes and Contracts Payable... . ..ccocomieees Due Affiliated Companies _..... ..oimimnnnne Funded Debt .......... emaenemeennnnmnn Accrued Interest ooo. oiiiee Reserve for Taxes, ete. o.oo oooes Jlass A StoCK. ieee Mass B Stockewoeeriaeee. © eemeeen———— Japital Surplus .......... ARR Rarned SurpPlus ieee cece nneeeee “1 TOTAL, LIABILITIES een. $1.682.593 39,569 42,5696 205,000 2,467 ..,099 9:7 £12 p 30,484 56.922 223,000 3,145 8,775 1 208.730 - ; » 31.171 21 662.227 %1 619.679 INDUSTRIALS 391 FUNDED DEBT, As of Dec. 31, 1929 First (Closed) Mortgage 10-Year Sinking Fund Convertible Rate Dated Due Authorized Outstanding Gold Bonds ... ceeee 1% 5-1-26 5-1-36 $250,000 $188,500 Interest Payable: May and Nov. 1 at to trustee for call of bonds by lot if ®irst Seattle Dexter Horton National not obtainable in open market at less Dank, Seattle, Wash. than 102. Trustee: First Seattle Dexter Hor- Tax Status: Company pays normal ton National Bank and North Coast Federal income tax up to 29%. Dank & Trust Co. Seattle, Wash. ; . Lo Security: First lien on all assets, Registerable: As to principal. now or hereafter acquired. . Denominations $50. , . Legal Opinion by: Schwellenbach, Callable: On 30 days’ notice on any Merrick & MacFarlane for the comnterest date at 102. >any, and Preston, Thorgrimson & Convertible: Into Class A stock at Turner for the bankers. rate of 8 shares for each $500 bond. Offered by: Lumbermen’s Trust Co. Sinking Fund: $1,500 per mo. paid Portland and Seattle, May, 1926, at par TRANSCONTINENTAL STORAGE & DISTRIBUTING COMPANY, Ltd. GENERAL OFFICE: Vancouver, B. C. HISTORY: Incorporated under laws of Canada in 1930 to acquire and operate the businesses, plants and undertakings of the following companies, either directly or through the su"sidiaries, the capital of which is wholly owned (except $5,000 5% Preferred shares of Crann Storage Co., Ltd.) by the holding company (except in so far as is necessary for qualifying directors’ shares): Mainland Transfer Co., Ltd.,, Vancouver: The H. L. Perry Co., Ltd.,, Winnipeg; Campbell Storage, Ltd., Vancouver; Christie & Co., Edmonton; Crann Storage Co., Litd.,, Vancouver; The H. L. Perry Co.. Ltd., Calgary: Vancouver Warehouses, Ltd.,, Vancouver. BUSINESS: Cartage, storage and distribution of various classes of merchandise. The field of activities covers the larger centers of Canada which lie to the west of the Great Lakes and by operating agreements with other companies in other areas also. Through its subsidiaries the company has contracts and affiliations with the Canadian Pacific Ry. Canada Steamship Lines, Ltd., and other companies regarding the transportation and storing of incoming and outgoing freight. Pool car and forwarding is also an important item of business. OFFICERS: J. A. Campbell, Pres.: George A. Robinson, Managing Director; E. 0. F. Ames, Sec'y. DIRECTORS: Mervyn Feely, George A. Robinson, Frank D. Gross, J. A. Campbell, Melville Dollar, Victor W. Odlum. GENERAL AUDITORS: Riddell, Stead. Hodges & Winter. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized First Pref. Stock...co......... 2100 $375,000 Second Pref. Stock........... $100 $375,000 Stock ceseeee-NoO Par 7.500 shs Outstanding $210,000 $34,100 6.001 shs 1. Provisions: Preference as to assets and 7% cumulative Preferred dividends. After Dec. 1, 1931, 259% of the annual net profits will be set aside and will be used for the redemption of First Preferred stock. The salaries of the managing director and of executive officers of the company cannot be increased except by 1 unanimous vote of the directors. No dividends will be declared or payable on the Second Preferred or Common shares of the company unless the assets of the company are ,and are maintained at a ratio of 1% to 1 of the First Preferred shares outstanding. Callable: In whole or in part at $103 and accrued dividends on 30 days’ notice, Voting Power: The First Preferred stock shall have a vote during such Period as pavments of any dividends on the First Preferred stock remains in 7% CUMULATIVE FIRST PREFERRED STOCK arrears beyond six months from date of default and at and during such time as this applies the Common share voting power shall be reduced to the ratio of one vote per ten shares. Dividends: Payable quarterly, Mar., June, Sept. and Dec. 1. Initial divilend of $1.75 paid Mar. 1, 1930. Ex-Dividend Date: 20th of preceding month. Transfer Agent: The London & Western Trusts Co., Ltd. Legal Opinion by: Messrs. Davis, Pugh, Davis, Hossie, Ralston & Lett and J. A. Campbell, Vancouver. Public Offering by: Victor W. Odum, Brown & Co. Royal Financial Jorp.,, Ltd., Pacific Stock & Bond Jorp.,, Waghorn, Gwynn & Co., Vantrouver, B. C., Jan. 1929, at $100, with onus of 3 shares of Common for each 0 Preferred shares purchased THOMSON'S MANUAL TRAUNG LABEL AND LITHOGRAPH CO. GENERAL OFFICE: 640 Battery St.,, San Francisco, Calif. BRANCH OFFICES: Seattle & Yakima, Wash.; Portland, Ore.; Los Angeles, Sac--amento, Fresno, Calif.; Macon, Ga.; Chicago, Ill. HISTORY: Incorporated under laws of Delaware, March 15, 1926, to succeed Traung Label & Lithograph Co. Inc. of California, organized April 20, 1920, which company in turn succeeded Pingree-Traung Co. organized in 1911, and in 1919 acquired Tucker-Hanford Co. of Seattle, Wash. BUSINESS: Company manufactures lithographed labels and advertising matter. PROPERTY & PLANTS: Owns one-story brick building at Westlake Ave. No. and Roy St., Seattle, with 18,000 feet of floor space, equipped with modern machinory. Owns 2-story plant in San Francisco, also equipped with machinery. ODFFICERS: C. F. Traung, Pres.; L. Traung, Vice Pres. & Treas.; H. W. Johnson, Vice Pres. & Sales Mgr.; L. H. Jackson, Sec'y. DIRECTORS: L. H. Jackson. H. W. Johnson, C. H. Rockwitz, C. F. Traung, L. Traung. GENERAL AUDITORS: Lybrand, Ross Bros. & Montgomery. Fiseal Year Ends: Dec. 31. Annual Meeting: 3rd Thurs. in March. CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized Outstanding {. Class A Common Stock...................No Par 50,000 shs 30,000 shs 2. Class B Common Stock................No Par 100,000 shs 75,876 shs 1. CLASS A $1.50 CUMULATIVE COMMON STOCK Provisions: Preferred as to assets Transfer Agent: Office of the comof $22 per share in event of voluntary pany. liquidation and $20 per share if invol- Registrar: Wells Fargo Bank & Ununtary. Participates equally in the as- ion Trust Co., San Francisco. sets after Class B has received the Legal Opinion by: Pillsbury, Madisame amount per share as Class A. Par- son & Sutro, San Francisco. ticipates equally with Class B as to Public Offering by: Schwabacher & dividends after Class A has received Co., San Francisco, July 28, 1926, at $1.50 per share cumulative annual di- $20 per share. vidend and Class B has received 75¢c Listed on: San Francisco Stock Exper share. change. Voting Power: Class A has equal Price Range: voting power with the Class B. 1929 1928 1927 1926 Dividends: 1926, 75c¢: 1927 to 1929, High ......... 23 27% 37% 21 ncl., $1.50. LOW eeeeeeeen 20 22 20 201, 2. CLASS B COMMON STOCK Voting Power: Equal with Class A. 1926; 1927-1928, none: 56% c paid in Dividends: 37l%c per share paid in 1929. INCOME STATEMENT, Years Ending Dec. 1929 i, Gross Revenue ... ....$1,159,134 1,120 7&8 JAE: CY SU — A . 4,959 2 Jperating Exp. and Depreciation........... 1028 14N0 ne 1927 $1,110,695 14,045 1,018,942 87,708 45000 Net Earnings .... (lass A Dividends ......... Nlass B Dividends ....... 9 a5 Surplus for the year. + emer d 18,335 COMPARATIVE CON&™T 7" “MET BALANCE SHER" ASSET + 929 PYRE oomemsomne mares nme wine bi ROR EF SUSRR SEER Cn As ae i. 203 Notes and Accounts Receivehle SEL, 00 inventories .oceeeeee..n i Ps Total Current AssetsS......cccooimmmeneeee. Land, Buildings and Eauioment................ .. Dither ASSelS ........ccsceesassesmsasane remmmacmcemae Deferred Charges ...... eemnenaa-Foodwill com —— - TOTAL ASSETS coeeeeeeeeeeeenmmeenee eee 1 1,710,869 LIABILITIES Notes Payable ...... —— Accounts Payable ..coeesussesssssvssiorseso Accrued Taxes and Wages. * wae Federal Tax Reserve nn & 090 $ 42,708 - of Dee. 31 1927 35,117 174,326 251,500 3 460,943 1,309,916 10,906 40,434 1 $1,822,200 1.826.372 55,000 49,035 10,795 16 713 $ 145,000 25.326 8.091 14.045 $ 192,462 1,550,850 78.888 $1,822,200 268.481 92 99-1 Total Current IL.iabilities _.. Capital Stock Surplus £2 Spins SnE Tia Ela Loe 0,850 Ji3'979 TOTAL LIABILITIES .... cccoeeeee. feta Net Working Capital.....cooeeceaeecccacanene Ratio Cur Assets to Cur. T.abilities __._... MY $1,826,2.2 347,702 264° 3 INDUSTRIAL. 17 UNION OIL COMPANY OF CALIFORNIA GENERAL OFFICE: Union Oil Building, Los Angeles, Calif. CONTROL: Union Oil Associates, a California corporation, owns 57% of the Common stock. HISTORY: Incorporated under laws of California, Oct. 17, 1890, as a holding and operating company. Through exchange of stock, took over the interests of the Hardison & Stewart Oil Co., the Sespe Oil Co. and the Torrey Canon 0Qil Co. BUSINESS: Company is engaged, directly and through subsidiaries, in the production, refining and distribution of petroleum and its products. Company and its subsidiaries own in fee (or mineral rights in fee) 194,600 acres and hold under lease 60,849 acres—all in the United States. Additional acreage includes approximately 400,000 acres owned in fee in Colombia, South America, and a half interest in concessions to approximately 880.000 acres in Venezuela. Physical properties include 495 miles of trunk pipe lines, 403 miles of gathering lines, storage facilities with a capacity of 39,000,000 barrels, 7 refineries with a normal daily crude through-put and cracking capacity of about 135,000 barrels, 9 natural gasoline absorption plants with a capacity of 135,000,000 cu. ft. per day, 455 domestic and foreign bulk sales stations and commission agencies and 574 retail service stations. The movable equipment of the company includes 725 tank cars, 1,240 auto trucks, 245 automobiles and 4 airplanes. SUBSIDIARIES OWNED: Far West Co, Fort Collins Producing Corp., Compania La Macarena Co.; Mission Transfer Co. Mission Transp. & Refining Co., Newlove Oil Co., Producers Transp. Co., Ship Simla Co., Ltd., Union Atlantic Co., Union Oil Co. of Arizona, Union Oil Co. of Canada, Ltd., Union Oil Co. of Mexico (Tampico), Union Oil Co. of Mexico (Lower Calif.), Union Oil Co. of Nevada, Union Steamship Co., Union Transport Co. CONTROLLED COMPANIES: California Coast Oil Co., Claremount Oil Co., Lake View Oil Co., Los Angeles Oil Co., Union National Petroleum Co. Southwestern Dre Co., San Sourci Oil Co. AFFILIATED COMPANIES: (California Domestic Water Co., Casmalia Ranch Oil & Dev. Co.,, Dominguez Water Co. John Irwin Oil Co., La Habra Water Co., La Merced Heights L.and & Water Co., Seventh & Hope Sts. Fireproof Bldg. Co., NShipowners & Merchants Tug Boat Co. OFFICERS: W. L. Stewart, Pres.; L. P. St. Clair, Exec. Vice Pres.; W. W. Orcutt, R. D. Matthews, Paul N. Boggs, R. J. Keown, Vice Presidents; John Mec-Peak, Sec'y.; R. J. Keown, Treas.; George H. Forster, Comptroller. DIRECTORS: L. W. Andrews, P. N. Boggs, Chester W. Brown, E. W. Clark, Paul M. Gregg, John Earl Jardine, A. P. Johnson, R. J. Keown, A. B. Macbeth, R. D. Matthews, Malcolm McNaughton, Gurney E. Newlin, W. W. Orcutt, Henry M. Robinson, L. P. St. Clair, W. L. Stewart, W. L. Stewart, Jr., and Dwight Whiting, all of Los Angeles, Calif.: I. B. Newton and Stanley W. Morshead. of San Francisco, Calif. Fiscal Year Finds: Dec. 31. Annual Meeting: 4th Tues. ~~ .F PRODUCTION AND E47 INT Barrels Gross ?roduced Sales Wet Profit Dividends , 243,018 65,915,21 0,704,047 $6,675,349 270,904 74,378,77° hn 513,21 6,804,000 036,184 79,943,7¢ ,831,6". 7,568,000 389,68 80,273,32. ),048,44¢3 9,475,837 whi was 5,735,845 85,367.77 11,101,935 7,587,320 1929 i. 22,602,287 88,864,519 15,019,635 7,986,338 *Includes profit arising from the sale of certain oil properties, which profit, however, was almost completely offset by reducing the inventorv value of fuel 3 ITC CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized .. 325 5,000,000 shs HISTORY: Original authorized capital, $5,000,000, divided into 50,000 shares of 3100 par value, increased on Dec. 28, 1900, to $10,000,000 and again on Aug. 24, 1908, to $50,000,000; later on July 13, 1920, to $100,000,000, and on March 13, 1924, to $125,000,000 being the present authorized capital. On May 23. 1924. the par value was reduced from 2100 per share to £25 per share Common Stoek ______ Provisions: Fully paid and subject to assessment only when and in the vent that the stockholders authorize it by amendment to the Articles of Inrorporation. Dividends: $2 per share, payable quarterly, Feb., May, Aug. and Nov. 10, since Feb. 10, 1926. Extra 50c per share Feb. 10, 1927. Stock dividends of 1% quarterly since Dec. 20, 1929. Ex-Dividend Date: About Jan. 16, Are Transfer Agent: Office of Company and Guaranty Trust Co., New York. Registrars: Security-First National Bank, Los Angeles: Central Hanover Bank & Trust Co., New York. Number of Stockholders: 9,803. Listed on: Seattle, San Francisco, [Los Angeles and New York Stock Exchanges. Price Range: *7730 High _. son pemsniavavind LOW eee 1 4 To June ? 4 _ THOMSON'S MANUAL COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1928 $85,367,771 25,977,424 - ,248 1927 $80,273,327 25,638,087 1,162,590 2,598,260 507,877 10,824,907 Gross Sales eoricerececeeeeeerrerecenecrecnrmcecmcrennenen- $88,864,519 Operating Profits ...... ceemeeee 34,378,472 General EXpPenses ..coo.ooccoccccceciccccceveceneemeeeeeee. 1,307,164 TAXES eeceeeemmmmmmmmeemeesmmmmmmecmcearocneeennenennnnsmsnsssssneees 908,341 Provident Fund comm mmmmmresmmnre [i Depreciation ..occceceececoccenicccreirrccccceececnneeee.. 15,129 Net Income ....... DJther Income ... 1( 4,453 552.961 Total Income ............. Tixed Charges ....... Balance .......co.ooiiiiiiiiiiians Common Dividends "27 114 »7R,920 11,048,494 3,475,837 p 572,657 $2.65 Surplus for the year... Tarned, per share Common stock......... _.oT $3.56 COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 ASSETS— 1929 Dil Lands, Rights & Leases................$151,882,561 Dil Wells and Development__............ 59,060,877 Absob. Plants & Gas Facilities........ 6,169,196 Pipe Lines & Storage System........... 18,892,818 Steamships & Marine Equip. ........... .2,605,344 Refineries ...cccce.coe. ceeeeeemnee 21,068,310 Marketing Stations ooo... 30,531,121 Invest. in Control. & Aff. Co.s.......... 714,277 Deferred ChAaTECS .......seisssissmssssnssse 292.681 Current Assets: CASH eooeeeeeeerermeem cero ceameem eee rene en mans aanan 7,839,906 UJ. 8S. Govt. & Other Bonds.....ccceeeueeeeeee. 7,933,262 Accts. & Bills Receivable.._................. 0,346,004 Employees’ Stock Subscriptions........ — Crude and Refined Oil............ eann he 77g Materials and Supplies ... nil i» 5 Total Current Liabilities.............$ 68,7+ ,084 TOTAL ASSETS .oceeeeeeen ceeeennnnne.$370.416.269 LIABILITIES— Tapital Stock .ceoeeoreeeeeeeeeennenn-. $105,39 8,825 Employees’ Stock Subscrintions........ 148,000 Bonded Debt .eemcaeeeaen eeeeeeeee 20,337,500 Purchase Obligations ... neeneeennn 1,207,000 Depletion Reserve .....eeciccreeeeeeeee. 16,885,630 Depreciation of Plant, etc. ..ococoeee...... 32,548,793 Drilling Expenditures .....ccccccceeeeceeeeeee 29,774,833 [Insurance & Contingency Reserve... 293,324 Appreciation of Proven Oil Prop...... 10,878,559 Premium on Sale of Capital Stock... 3,799,930 Earned Surplus .ceeeeeeeoececeecceeeeceen 29,196,822 Current Liabilities: Accounts Payable ....o.ioeeoeeieees Reserve for Taxes................ ‘nterest Accrued ............... Total Current Liabilities. 1927 $149,623,951 48,765,057 5,025,309 15,959,086 12,674,574 17,441,357 24,658,159 1,213,875 635.350 9,205,209 9,000,000 9,199,615 116,405 26,749,990 2 N05 R59 3 57.777.078 £222 773.7986 3 94,798,100 203,275 23.810.500 75,565,671 44,938,589 23,276,262 915,023 40,878,559 19 738.275 5,416,770 3,883,091 349.781 $ 9,649,642 $333,773,796 48,127,436 601 - 632 12,480 5.527.556 10-1 TOTAL LIABILITIES ....._ __ _.... 6,269 Net Working Capital...creeeeeeeeereneeo.. 55,851,031 Ratio Cur. Assets to Cur Liab... 6.91 x FUNDED DERT. As of May 1, 1930 L. 2. 3 Rate Ist Lien S. F. Bonds. 3% 20-Yr. Gold Series A . Ec 10-Yr. S. F. Series C.... iY 15-Yr. Debentures ........cc........ 5% Guaranteed Bonds Union Atlantic Co. Bonds...41%9% 11-15-27 11-15-37 $4,000,000 *Jointlv guaranteed bv Atlantic Refining Co. and Union Qil Co. Dated 1-2-1171 5-1-22 2-1-25 4-1-2320 Due {-2-31 TeT 49 2 I 4 _4At Authorized $20,000,000 $10,000,000 “10,000,000 215. 000.000 Outstanding $1,082,000 $8,934,500 $8,300,000 $15.000,000 24 000.000 {(NDUSTRIALS 0 J i. FIRST LIEN 35% 20-YEAR SINKING FUND BONDS Interest Payable: Jan. and July 2, at Security: Secured by a first lien on nffice of Trustee. all the properties of the company with Trustees: Equitable Trust Co., New exception of 260 acres at Wilmington, York; Security-First National Bank, Calif.,, certain purchase money mort-Los Angeles. gages and the stocks of some of the Registerable: As to principal. subsidiaries. Denominations: Coupon, $1,000 (Reg- Unissued bonds in the amount of istered, $100, $500, $1,000). $3,378,000 are reserved for retiring Callable: In part at 1021 for sink- ponds of subsidiaries and for acquiring ing fund, on 30 days’ notice, on any new properties or betterments and adinterest date. As a whole at 105, on litions. No dividends are to be paid any interest date, >»n stock any year unless net income Sinking Fund: To retire one-twen- 3 twice the interest charges on this tieth of bonds outstanding during pre- ssue. ceding year, May 1, 1912; 1-19th May 1, Offered by: Hallgarten & Co. and 1913; 1-18th May 1, 1914, etc., until William Salomon & Co., New York, May 1, 1930. June, 1911, at 911%. Tax Statux: Company pays normal Listed on: New York, San Francisco income tax up to 2%. and Los Angeles Stock Exchanges. 2. 20-YEAR 6% GOLD BONDS, SERIES A Interest Payable: Semi-annually on at end of 6 months reverts to the com-Feb. 1 and Aug. 1, at the Central Han- pany. over Bank & Trust Co., New York, or Security: Direct obligation of the Trustee's office. company and first lien on all property Trustee: Security-First National at Wilmington, Calif., consisting of 260 Bank, Los Angeles, Calif. acres of lands with buildings and Registerable: As to principal. equipment. yp cheminatienys Coupon, $500, and Offered by: Dillon, Reed & Co. and . . i < , 2 Callable: Not callable, but may be Blaip & Ca, Ine, New York. Mav, 1922, purchased for sinking fund. : ) Sinking Fund: $500,000 annually, Listed on: New York, San Francisco starting Aug. 1, 1922, paid in equal and Los Angeles Stock Exchanges. instalments each 6 months for purchase Price Range: of these bonds in market, if available, 1929 1928 1927 1927 at or better than a 5% 9% interest basis High ...... 108 111 1091; 108%; to maturity. Any unexpended balance Low:'........ 105 109 107 104 3. 10-YEAR 3% SINKING F7Y Interest Payable: Semi-annually on Apr. 1 and Oct. 1, at Central Hanover [Dank & Trust Co., New York, or at Trustee's office. Trustee: Security-First Nat. Bank, T.os8 Angeles, Calif. Registerable: As to principal. Denominations: Coupon, $500 and $1,000; interchangeable. Callable: As a whole or in part on any interest date, on 30 days’ notice, at 101 to Apr. 1, 1931, incl, and at 100% thereafter Sinking Fund: $300,000 a vear from Apr. 1, 1927 to 1930; $500,000 Apr. 1, 1931, and $600,000 yearly thereafter. To purchase bonds at not exceeding redemption price. or to call bv lot VND GOLD BONDS, SERIES C Tax Statux: Company pays normal Federal income tax up to 29%. Security: Direct obligation of the company, but not secured by a mortgage. Purpose: Issued to retire serial 6's, Series B, due Apr. 1, 1925 and 1926, and for additional working capital. Offered by: Dillon, Read & Co. Blair & Co., Inc.,, New York, and Union Trust Co., Cleveland, Jan. 1925, at 96. Listed on: New York and Los Angeles and San Francisco Stock Exchanges. Price Range: 1929 1928 High ...... 99% 100% .oW __.._____. 98 9K 4. 1S-YEAR 5% GOLD DEBENTURES Interest Payable: Semi-annually on company, but not secured by mortgage. June 1 and Dec: 1, at Dillon, Read & Company agrees not to create nor per-Co., New York, or at office of Trustee. mit any subsidiary to create any new Trustee: Security-First Nat. Bank, mortgage indebtedness maturing later los Angeles. than one year (except purchase money Registerable: As to principal. mortgages, etc.) without providing that Denominations: Coupon, $1,000. lebentures share ratably in lieu of such Callable: As a whole or in part, on mortgage. any interest date, on 30 days’ notice, at Warrants: Each debenture issued 102% to June 1, 1933, incl.; at 102 to vith a warrant, detachable on or after June 1, 1936, incl.; at 101% to June 1, Jet. 1, 1930, entitling holder to sub-1939, incl; at 101 to June 1, 1942, incl.; scribe, on or before Apr. 1, 1938, for at 100% to June 1, 1944, incl.,, and at ten shares of capital stock at $60 to 100 thereafter. May also be called or Apr. 1, 1932, incl.; at $65 to Apr. 1, purchased for sinking fund. 1934, incl.; at $70 to Apr. 1, 1936, incl.; Sinking Fund: $375,000 on June 1, at $75 to Apr. 1, 1938, incl. Warrant 1934, and June 1, 1935, and $750,000, an- drivilege is protected against dilution, nually thereafter to retire debentures axcept in stock dividends at a rate of hy purchase or call by lot. t9% or less per annum. Tax Status: Company pays normal Offered by: Dillon, Read & Co., New “ederal income tax up to 29%. rork, March. 1930, at 991%, with war-Security: Direct obligation of the rants Y96 THOMSON'S MANUAL UNITED AIRCRAFT & TRANSPORT CORPORATION EXECUTIVE OFFICE: 230 Park Avenue, New York, N. Y. HISTORY: Incorporated Oct. 30, 1928, under the laws of Delaware with a perpetual charter, as the Boeing Airplane & Transport Corporation. This name was changed to the present title Jan. 19, 1929. BUSINESS: A holding company controlling, through stock ownership, various subsidiary companies of outstanding importance in aviation. Among its subsidiaries are‘airplane, aircraft engine and propeller manufacturers, as well as companies engaged in the operation of air transport lines, aeronautical schools, airports, experimental laboratories, etc. EQUIPMENT COMPANIES Boeing Airplane Co., Seattle, Wash.—Organized in 1916 by W. E. Boeing. Manufactures military and commercial planes. Plant consists of 12 shops, with 300,000 ft. floor space. Average number of employees, 1,200. Hamilton Metalplane Co., Milwaukee, Wisc.—Is a division of the Boeing Airplane Co. Manufactures an all-metal plane for light transport business. Boeing Aircraft of Canada, Ltd.—Organized in 1929 and acquired property in Vancouver, B. C., for building Boeing planes for distribution in Canada. Hamiltoh Standard Propeller Corp., with headquarters in Pittsburgh, Pa., a consolidation of Hamilton Aero Mfg. Co. Milwaukee, Wisc.,, and Standard Steel Propeller Corp. of Pittsburgh. Also operates plant at Los Angeles, Calif. Northrop Aireraft Corp., Los Angeles.—Manufacturers of ‘all wing” type of plane, suitable for airmail feeder lines. Pratt & Whitney Aircraft Corp., Hartford, Conn.—Manufacturers of ‘“Hornet” and “Wasp” engines. Canadian Pratt & Whitney Aireraft Co.,, with plant at Longueuil, Quebec, for manufacturing engines. Stearman Aireraft Co., Wichita, Kan.—Manufactures light planes for sport and transport. Sikorsky Aviation Corp., Bridgeport, Conn.—Manufactures multi-motored planes. Chance Vought Corp., Hartford, Conn.—Organized in 1917. Manufactures commercial planes. TRANSPORT COMPANIES Boeing Air Transport, Ine.—Organized in 1927 and obtained contract from TU. S. government to carry mail between Chicago and San Francisco. Also carries passengers. Pacific Air Transport—Operates airmail and passenger service between Seattle, Wash., and Los Angeles, Calif. Control of this line was purchased by the Boeing interests on Jan. 1, 1928. Stout Air Services, Ime.—Organized in October, 1925. Conducts passenger and mail service between Chicago, Ill.,, and Cleveland, Ohio, serving intervening cities, including Grand Rapids and Detroit. National Air Transport—Control of this company was acquired in April, 1930, and supplies the connecting link in the company's transcontinetal service. OTHER OPERATIONS Boeing School of Aeronautics, Oakland, Calif.—Opened September, 1929, for the purpose of training air pilots. United Aircraft Exports, Inc., New York—Handles all foreign sales for the various manufacturing units. United Airports Co. of California, Ltd.—Organized November, 1929, to construct an airport at Burbank, Calif., near Los Angeles. Own 234 acres. United Airports of Connecticut, Inc.—Organized in 1929 to construct and operate an airport at Hartford, Conn. Own 510-acre tract. FLYING OPERATIONS . Passengers Miles Flown Mail Carried Carried 2,517,281 563 tons 3,447 3.610.000 1.056 tons 6,129 William E. Boeing, Chairman f'rederick B. Rentschler, Pres. Chance M. Vought, Vice Pres. Philin (. Johnson. Vice Pres. OFFICERS George S. Wheat, Vice Pres. Charles W. Deeds, Sec’y-Treas. locseph FF. McCarthv, Controller. INDUSTRIALS 197 DIRECTORS William E. Boeing, Chairman, Seattle, Kenneth R. Kingsbury, Pres. Standard Wash. Oil Co. of Calif. Charles W. Deeds, Sec'y.-Treas. Charles K. Knickerbocker, Vice Pres. Edward A. Deeds, Chairman Niles-Be- Griffin Wheel Co. ment-Pond Co. William B. Mayo, Chief Eng. Ford Mo-Arnold C. Dickinson, Pres. Sikorsky tor Co. Aviation Corp. Joseph F. McCarthy, Controller. Thomas F. Hamilton, Chairman The George J. Mead, Vice Pres. The Pratt Hamilton Standard Propeller Corp. & Whitney Aircraft Co. J. H. Hillman, Jr., Chairman Hillman Gurney E. Newlin, of Messrs, Newlin Coal & Coke Co. fils & Ashburn, Los Angeles. Frederick W. Jackson, of Messrs Frederick B. Rentschler, Pres. Shearman & Sterling. o i r N Philip G. Johnson, Vice Pres. Gordon S. Rentschler, Pres. The Na-Charles F. Kettering, Vice Pres. Gen- tional City Bank of New York. eral Motors Corp. Chance M. Vought, Vice Pres. GENERAL COUNSEL: Shearman & Sterling, New York. GENERAL AUDITORS: Allen R. Smart & Co., New York. Fiscal Year Ends: Dec. 31. Annual Meeting: Last Tues. in April. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding 6% Cum, Pref. Stoc: sags 300 $50.000,000 $12,000,000 Common Stock ......... _.ccceeeeeneeeneen....No Par 2,5000,000 shs 1,837.842 shs 146,528 shares Common stock reserved for Stock Purchase Warrants attached to Preferred stock. i. 6% CUMULATIVE PREFFYRRED STOCK, SERIES A Provisions: Entitled to cumulative dividends of $3 per share per annum; is preferentially entitled to $50 per share in case of involuntary distribution of capital assets and $55 per share in case of voluntary distribution, in each case plus accumulated unpaid dividends. Warrants: Certificates of 69% Cumulative Preferred stock, Series A, accompanied by Stock Purchase Warrants, non-transferable apart from such certificates, entitling holders to purchase at any time on or before Nov. 1, 1938, upon cash payment of $30 a share, Common stock of the corporation at the rate of one share of Common for each two shares of such Preferred stock. In case of redemption of any shares of such Preferred stock prior to the exercise of the Warrants, a detached Warrant, transferable by delivery, will be issued, evidencing right to purchase half a share of Common stock with respect to each share of Preferred stock so redeemed. Scrip certificates issued representing fractional shares. Callable: In whole or in part, on any dividend date, upon 30 days’ notice, at 325 per share plus accumulated diviendas. Priority: So long as any of Cumulative Preferred stock remains outstanding, no stock of any class shall be created ranking prior thereto with respect to dividends or distribution of assets, and, unless authorized by vote of a majority in interest of outstanding Cumulative Preferred stock, no stock may be issued ranking equally with the Cumulative Preferred stock in either such respect. Voting Rights: If and so long as the payment of regular quarterly dividends shall be in arrears one year, then holders of Cumulative Preferred stock (of all series) will have full voting rights, ach share of Cumulative Preferred stock having such number of votes (but n no case less than one vote) as shall Je equal to the quotient derived from lividing the aggregate number of shares of Cumulative Preferred stock cutstanding, into the total number of votes to which the outstanding shares >f any other class or classes of stock hen having voting powers and ranking *ither on a parity with or junior to the Cumulative Preferred stock may be collectively entitled. Dividends on Junior Stocks: The rorporation will not pay any dividend >n any class of stock ranking junior ‘0 the Cumulative Preferred stock, if ‘he aggregate amount of such dividend. vhen added to the aggregate amount >f any and all dividends paid on any xlass junior stock prior thereto but ifter Nov. 1, 1928, shall exceed the tmount of consolidated earned surplus »f the corporation and its subsidiary zompanies earned subseauently to Nov 1, 1928. Amendments: The general provi sions of the Certificate of Incorporation relating to the Cumulative Pre-‘erred stock as a class may be amend->d only upon the vote of two-thirds in nterest of the Cumulative Preferred stock, irrespective of series: and the drovisions peculiar to the 6% Cumula-:ive Preferred stock, Series A, may be imended only upon the vote of twothirds in interest of the Cumulative Preferred stock of such series. Tax Status: Company pays normal Tederal income tax up to 29%. Dividends: $3 per annum payable juarterly, Jan.,, Apr., July and Oct. 1, paid regularly from Apr. 1, 1929. Ex-Dividend Date: 10th of month receding pavment. 98 THOMSON'S MANUAL Transfer Agents: National City Bank of New York, Pacific National Bank of Seattle. Registrars: First Seattle Dexter Horton National Bank, Farmers Loan & Trust Co., New York. Legal Opinion by: Donworth, Todd % Holman, Seattle, and Shearman & Sterling, New York. Publie Offering by: Pacific National Zo., Seattle, and National City Co., of New York, Jan. 1929, in units of 10 Preferred and 4 Common, at $1,000 per unit. Tisted on: New York Stock Exchange. “rice Range: *1930 1929 High . chiniais 773 109% LOW eel ceeeee 56 447% *To July 10. 2. COMMON STOCK Preemptive Rights: Holders shall at mon stock was increased by such stock 211 times have preemptive right to sub- dividend or subdivision of shares. scribe ratably to any shares of Com- - . . mon stock, and to any securities con- Voting Power: Common has entire vertible into Common stock, which may roting power, except when one year’s be issued for cash, except that the cor- Hyjaings are in arrears on the Preporation shall have the right to issue, arrec. free from any preemptive rights, not Dividends: None paid to date. exceeding 30,000 shares of Common Transfer Agents: City Bank Farmstock, increased by such number of rs Trust Co. ,New York; Pacific Nashares thereof as shall equal the num- ‘jonal Bank of Seattle, Wash. ber of shares of Preferred stock issued T after Jan. 1, 1929; and the Common Registrars: The National City Bank stock so issued may be issued either f New York, First Seattle Dexter Hordirectly or upon exercise of options to ‘on National Bank, Seattle, Wash. purchase the same, granted with re- . Fits i spect thereto. If the number of out- 2 lg Offering 572 Paslije Saitonay standing shares of Common stock shall oor ok Ton Togs ions, oo ~~ 6 be increased, either by the payment of dn Drala ty toa i ol 3 0 y a stock dividend or by subdivision of 1 000 per unit hn ommon, a shares, then the number of shares p * which the corporation may have the Listed on: New York Stock Exright to issue free from prepmptive *hange. rights as well as the number of shares * which thereafter the corporation may Price Ramge 1930 1929 secome entitled so to issue, shall be High . cvnigeies BY 162 ‘ncreased in the same proportion as the LOW mesmnenee AY 31 number of outstanding shares of Com- # To July 10. INCOME STATEMENT. Year Ending Dec. 31, 1929 Operating Revenue and Sales Dperating BE XDeD Se eee eeeeaeenmmem oan $31,423,618 ~ 21.660.365 cremeeeeeeeeeea$ 9,763,253 1 TRY? 9295 Net Earnings ....... Dther Income .... Total Income ... Depreciation oc... eiiiiees Federal TAXES aceceeccceaeeaimeecccecmemncamamas mma eannnanns Minority Interests in Subsidiaries ..................... Sundry Expense ................ ecereeeeeennneennneeeneaee-$11,5 45,548 reememeasemnneeneieneeaaseeneeeeeeee 1,104,679 eeeenmeneeenannsaeasceennneeeeaseeee 1,079,494 eeeeemeaeaereoeeeanans 340,139 errrneeeeeneeeeee-$ 8,966,032 Ci 671.617 Net INCOME .eeeriieeemvercecacacnne. eemmemanann Preferred Dividends .....ooooooocioierieeaciacenaenremeeeeseo arene nans Surplus for the Year ricerca soccer eanaanans reeeneennd 8,294,415 Preferred shares oUtStaANAiNE. coor eirneeerea ct eree ncn seen mnaa na noe, 240,000 Barned, per share Preferred... ieerrranceecocosammnanias asa ssae noes iaaes $37.35 Common shares outstanding...........coooeeoo. eieraeeeeeeeennnes 1,837,842 Tarned. Der Share COMMON... oc. i emeimeeeeeccamccemeemsessmmsmmsasoacaacmaonnns $4.51 COMPARATIVE CONSOVIDATED RALANCE SHEET. As eof ASSETS Dec. 31, 1929 Oct. 31, 1928 ASN eee eee eee oerereeenaeasnnaresnneamnaneeaereaneeen $8,014,575 $3 1,203,263 Acceptances ........ tat een seem Sem Sen SER RATE 592,663 supammraEva. Demand Loam .oocooooiemmeeeeaar cian eemeeeeeeemmoneeeee 2,000,000 400.000 0S. Certificates. oo oeeeeeeeeeeeeeeeameaarensnnnresseneneesceeenen. 1,000,000 Viarketable Securities ...... eee eee eae aan eam am annem naes 346,082 Accounts Receivable ....... Lo. eee eaeaaneeeneenen 3,863,478 [INVENtOTrieS omen eerie... 1.633.435 Fther CUTrrent ASSETS. irre eaceecraceecareaanarsmnenanana Total Current Assets .........i........ eames (nvestments ............. Nr — emmenaaaan Expansion Fund erence eee Land, Building and Equipment... nn cores Patents, Rights, eC. icecream enemas Naferred Charges oer eee eececccce cree aaa sam namecanen TOTAYI, ASSETS 122,326 2,619,808 2,345,756 11 162 $ 6,602,315 § 225,094 12,000,000 2,647,572 24,990 146.937 £91 R46 26K "NDUSTRL" LIABILITIES-Accounts Payable .............. Accrued Wages and Taxes.... Federal Tax Reserve...... Advances on Contracts... Total Current Liabilitie- ee emeeememmeeneeeeneste aeons Mortgage Payable ........ mn IT——— Reserve for Contingencies................o.coooooueommiinii, . Minority Interests in Subsidiaries. ...........coooooiiii Preferred Stock .... ESS ER mamas tee Common Stock ....... . een nan Paid-In Surplus ........... EE SRE Earned Surplus ... a TOTAL LIARILITIES ooo 915,507 752,176 .. -0,F1F 270.0 2.408.202 309,944 186,832 356,778 2,000,000 4,494,141 1,312,500 9,516,960 41.335.366 90 82,056 37,681 rf 637 69,091 25,390 "000 05 «,.00 42.14°F F '46.36¢ UNITED FOOD PRODUCTS, INC. GENERAL OFFICE: 647 Dexter Horton Bldg., Seattle, Wash. HISTORY: Incorporated under laws of Nevada, March 21, 1930, to acquire control of the United Groceries & Markets, Inc. organized in Washington Mar. 10, 1928, and 540 shares of the 1,250 outstanding shares of Augustine & Kyer, Seattle grocery chain. BUSINESS: Acquiring stocks and securities of, and operating grocery stores, markets, wholesale groceries, etc. OFFICERS: XK. L. Raab, Pres.; Lloyd Raab, Errion. CAPITALIZATION Value Authorized Common Stock ...... 0 Par 525,000 shs Offered by: Raab Bros. and Frrion, June, 1930, at $25. rm GROCERIES & MARKETS HL STATEMENT, Ax of Dec. 31, 1929 LIABILITIES Accounts Payable Contracts Payable Salaries, etc. ....... Notes Payable .......... Reserve for Taxes.._............... ... “ommon Stock 00 Cash ................. Accounts Receivable Contracts Receivable Notes Receivable . Inventory ....oo.ooo...... Fixtures and Equipm Investments ......... Deferred Charges ...... Organization Expense 0 13 “,019 307 206 183 104 30 _5d va. T68 eee 3 66,484 5,317 2,800 27.755 2,214 148 131 TOTAL ASSETS eee $252,701 TOTAL LIABILITIES .............$252,701 40,000 shares $10 par Preferred stock authorized, but none outstanding. 60.000 shares no par Common stock authorized. 42,022 outstanding AUGUSTINE & KYER FINANCIAL STATEMENT. Asx of Dec. 31, 1929 CIETS LLIABILITIE.-Cash ne $ 19,494 Accounts & Notes Receivable.. 202,261 Inventories .... © receeeermenenn. 171,032 Fixtures and Eaquinm=®nLt. ... 32,843 Deferred Charge en 3.531 Goodwill, etc. «ovens Ba943 Other Assets ....... ema ——n—anan 9,139 TOTAL ASSETS ...........____ _%517.945 Notes Payable .. Accounts Payable Sales Contracts .. Accrued Expenses Deferred Liabilities __.. Reserve for Bad Accour Jommon Stock ............ 8% Preferred Staek __. surplus ... RS TOTAL IT.TARILITIES #517 %ah& 75,000 5,329 2,733 0,794 909 N00 000 500 .mQ BOND VALUE TABLES INTEREST TABLES BOOKS ON FINANCE Will send on approval to any rated firm. Most complete stock in Pacific Northwest. THOMSON’S BUSINESS BOOK SERVICE Seagattie Waeh 100 THOMSON'S MANUAL UTAH-IDAHO SUGAR COMPANY GENERAL OFFICE: Vermont Bldg. Salt Lake City, Utah. HISTORY: Incorporated under laws of Utah, 1907, as a consolidation of the Utah Sugar Co., Western Idaho Sugar Co. and the Idaho Sugar Co. In 1916 the Oregon-Utah Sugar Co. was acquired. BUSINESS: Company operates sugar mills and produces beet sugar. It ranks among the largest beet sugar producers of this country, its output comprising sver 10% of United States production. The business has been carried on since 1889. 3 PROPERTY: Company owns approximately 24,539 acres of farm lands, which with a small exception are under intensive cultivation. It owns and operates 8 sugar mills in Utah, Idaho, Washington, Montana, South Dakota and Alberta, Canada. SUBSIDIARIES: Owns all the capital stock of the Canadian Sugar Factories, Ltd., which was organized in 1925 to handle the Canadian business of the company. EXECUTIVE OFFICERS: Heber J. Grant, Chairman of Board; W. H. Wattis, Pres.; C. W. Nibley, Vice Pres.; George Albert Smith, Vice Pres.; Willard T. Cannon, Vice Pres. and Gen. Mgr.; W. T. Pyper, Sec'y. and Asst. Treas.; W. Bert Robinson, Treas. and Asst. Sec'y. DIRECTORS: Heber J. Grant, C. W. Nibley, George Albert Smith, Fred E. Smith, EB. O. Howard, Joseph F. Nibley, Roy Bullen, Paul F. Keyser, Stephen H. Love, W. H. Wattis, Jasper W. Tully, G. G. Wright. EXECUTIVE COMMITTEE: C. W. Nibley, Heber J. Grant, W. H. Wattis, E. 0. Joward, Stephen H. Love. ZENERAL AUDITORS: Ernst & Ernst. Fiscal Year Ends: Feb. 28. CAPITALIZATION, As of Feb, 28, 1930 "Par Value Authorized 7% Cum. Preferred StocK.....ccee.. $10 $5,000,000 Common Stock .... een amnn ee amemnn $6 $15.000,000 i. 7% CUMULATIVE PREFERRED STOCK Provisions: Has preference as to as- and thereafter 134 quarterly to March sets and 7% cumulative dividends. 31, 1929. None thereafter to Feb. 1930. Callable: At 102 and accrued divi- T » A t: etary’'s office, jends to 1930, after which date $300,- gar ides Agen: , Beer ary's o )J00 Preferred a year must be retired , ; , at par. Registrar: Secretary's office, Salt Voting Power: Each Preferred share Lake City, Utah. s entitled to two votes per share. Listed om: New York Curb Ex-Dividends: 101%9 paid Apr. 30. 1923. change and Chicago Curb. 2, COMMON STOCK Dividends: 1907 to 1913, 7%; 1915, Transfer Agént: Secretary's office, 119%: 1916, 129%; 1917, 10%; 1918, 6%; Salt Lake City, Utah. 1919 to 1920, 9%; 1923, 19%; 1924, 5%; Registrar. Secretary's office, Salt 1925, 3%; 1926, 2%: none thereafter to Lake City, Utah. . Feb., 1930. (Mav. 1917 150% stock di- Listed on: New York Curb Exchange ridend.) and Chicago Curb. COMPARATIVE INCOME STATEMT™™™. Years Ending Feb. 28 1929 1928 age "AR © 834,783 wr 949,319 $-114,533 210,000 $ -324,533 Net Earnings .coo.c...... Depreciation o..cooiiiiiiees Net Deficit coos Preferred Dividends .............. Surplus Deficit for the year ...........- I) 153,468 COMPARATIVE CONSOLIDATED BALANCE SIIEET, As of Feb, 28 ASSETS— 1930 1929 1928 Plant & Equip. (Less Deprec.) ...............$19.454.253 19,952,985 $19,532,603 INVEStMENtS —ooooeiimeieeeceeeacannnnns oe . + rr g 103,129 Jontracts Receivable .occeeeeeceeceer 17 209 2 57,164 Mortgages Receivable ___.....__.._..._... . 4 : 82,229 Advances ooo... eee eee on "8 2,900 Misc. Assets ..ioceee.n I 04 717.846 Deferred Accounts ......... “1 Current Assets: VERY orrmcnpmmpsrmnmsmansn myn ma ifm nin nib mn SEARS ESR Notes and Accounts Receivable................ INVONLOTIEE cio ssnsmminpmeimsmmmmses amar memm x Materials and Supplies... iiiians Total Current Assets... ooo... $10.142.7¢ TOTAL ASSETS ooo. Co $30.712.020 NDUSTRIALS 401 LIABILITT Preferred Stock Common Stock Funded Debt .. Reserve for Contingencies......... Deferred Income .. ARR surplus ...... 3,000,000 4,238,000 5,020,089 180,000 938.808 3 3,000,000 5x0 gh ir v 3,000,000 14,238,000 5,972,392 175,000 517 742.898 Current Liabilities-Notes Payable ...... Drafts Payable ooo i Accounts Payable .eeiiiininniin ACCTUALS ois isi snvsammmman sass Growers’ Liabilities ......... 5,877,761 39,291 254,981 163,00¢ 5,775,000 $14,626 82,711 69,858 51,565 Total Current Liabilities... 3,223,760 TOTAL LIABILITIES Net Working Capital........._ Book Value Common shares.. Cod 3,305,635 26 59 *30,352,567 3,352,567 26.39 8.¢ | FUNDED 2B. . : s of Feb. 28, 1930 Dated Due Authorized Outstanding 3-1-25 1926-40 $7,000,000 $5,000,000 terest to Sept. 1, 1930, incl, and 102 and accrued interest thereafter. Tax Status: Company pays normal Federal income tax up to 2%. Secured: By a first (closed) mortgage on all the company's property (except farm lands), and by deposit of capital stock of Canadian Sugar Factories, Ltd. Legal Opinion by: Messrs. Heller, Ehrman, White & McAuliffe of San Francisco and Richard W. Young of Salt Lake City. Offered by: DIlyth, Witter Mareh 1. 1925 First Mortgage Se. (x0ld Bonds > “ [=Interest Payable: Semi-annually on March 1 and Sept. 1, at Trustee's office Principal Payable: $250,000 Mar, 1926; $400,000 Mar., 1927 and 1928; $450,-000, Mar., 1929; $500,000 annuallv Mar. 1930 to Mar, 1940. Trustee: Wells Fargo Bank & Trust Co., San Francisco. Registerable: Coupon bonds regis® ible as to principal. Denominations: $500 and $1,000. {allable: At 102% and accrued in-Union VANCOUVER ICE & COLD STORAGE, Ltu GENERAL OFFICF' Vancouir, B. C Tm FP ATION, As of July 31, 1929 Par Value Authorized $100 $250,000 $100 2£2250.000 Outstanding $250,000 2250 000 RARNINGS. Years Ending June 30 *1929..... 1928... L927 1926. eaenen .. months Gross Revenue 73,293 0,522 44,518 153,950 to Julv 2. Expenses $43,169 79,067 81,238 99 767 Operating Profit $30,124 61,455 63,279 54.182 Depreciation & Reserve $10,150 17,224 16,059 13.419 Net 219,974 44,230 47,220 40.764 ALANCE SHEET, As of July 31, 1929 Cash .......... Accounts Rece. Incorporation &-« Real Estatc .... Building, Equip., etc Deferred Charges ... [Investments .. 'nmventory ...... .. TOTAL, ASSET Oo aad nn anna d 1,912 ?Nn,327 ,453 L923 "98 134 C ~~ Co 1a6 ina LIABILITIES Accounts & Notes Receivable... 34,079 Depreciation Reserve ........ 27.375 Reserve for TaxesS......o......... 10,033 Preference Stock ......ocooeeeeeenee. 250,000 Common Stock ....coerieeeereeeeeeeeee.. 250,000 3UrplusS cece. 41,237 TOTAL LIABILITIES ..............8612.724 02 THOMSON'S MANUAL VANCOUVER WESTERN DRUG COMPANY, Ltd. GENERAL OFFICE: Vancouver, B. C. HISTORY: Incorporated under laws of Canada in 1928, as a holding company to acquire the entire issued capital stock of the Vancouver Drug Co. 1928, Ltd. and the Western Wholesale Drug, 1928, Ltd. The former company was established in 1909 and incorporated in 1914. The latter company was established in 1924. BUSINESS: The company, through its subsidiaries, operates 18 retail drug stores in British Columbia, 14 of which are in Greater Vancouver, one each in New Westminster, Victoria, Chilliwack and Hastings; a wholesale and manufacturing drug business and a candy manufacturing plant (Banquet Confectionery Co., [.td.). Company also operates complete printing plant, show case and fixture plant, photograph developing and finishing plant. DIRECTORS: Dr. G. H. Worthington, Pres. & Gen. Mgr.; Senator S. J. Crowe, H. H. Jones, P. H. Merrin, C. N. Wood, Stanley Burke. GENERAL AUDITORS: Price, Waterhouse & Co., Ltd. Fiscal Year Ends: May 31. CAPITALIZATION, As of May 31, 1930 Par Value Authorized Outstanding Il. 6%9% Cum. Preferred Shares............ $100 $1,000,000 $400,000 3. Common Shares ...... eeeeeenene-NO Par 50,000 shs 20.000 shs i. 61%% CUMULATIVE SINKING Provisions: Preferred as to 6% 9% cumulative dividends and as to assets in voluntary or involuntary liquidation up 0 $105 per share. No modification of the rights and sreferences and no increase in the authorized amount of cumulative preferance shares shall be made except with the consent of at least two-thirds in value of the cumulative preference shares outstanding. Callable: As a whole or in part on any dividend date on 60 days’ notice at $3105 and accrued dividends. Voting Power: Only when four quarterly dividends are in arrears, in which case entitled to elect a majority of directors as long as default continues. FUND PREFERRED SHARES Dividends: 6%9% per annum, cumulative from July 1, 1928, payable quarterly, Jan., Apr., July and Oct. 1 Sinking Fund: 10% of consolidated net earnings, less charges to be used annually for redemption of Preferred shares. Registrar and Transfer Agent: Montreal Trust Co., Vancouver, B. C. Legal Opinion by: Lawson & Clark for the tompany and Walsh, McKim, Housser & Molsom for the bankers. Public Offering by: Pemberton & Son, Vancouver, B. C., Aug. 1928, at $99.50 and accrued dividends, with a Bons of 1-5th of a share of Common stock. VAN DE KAMP’'S HOLLAND DUTCH BAKERS, INC. GENERAL OFFICE: 827 San Fernando Bldg. 4th and Main Streets, Los Anzeles, Calif. BRANCH OFFICE: 811 Yale Ave. North, Seattle, Wash. HISTORY: Incorporated under laws of Delaware, June 17, 1928. Successor to van de Kamp's Holland Dutch Bakers (a California corporation). On May 1, 1929, the Chatterton System of Bakeries, Seattle, Wash., was acquired. ] BUSINESS: Manufacturers of bakery products, retailing entire output through 96 retail stores, 21 of which are in Seattle, one in Portland, Ore., and remainder in 0s Angeles and vicinity. PROPERTY & PLANTS: Company. owns one baking plant at Seattle, Wash. Plant at Los Angeles, Calif., located in rented premises. Company owns site for arection of permanent plant in Los Angeles. OFFICERS: Lawrence L. Frank, Pres.: Theo. J. Van de Kamp, 1st Vice Pres. & Treas.; H. J. G. Bruning, 2nd Vice Pres.; Willis H. Brown, Sec'y. DIRECTORS: Lawrence L. Frank, Theo. ‘J. Van de Kamp, H. J. G. Bruning, Willis H. Brown, Geo. W. Mackie. GENERAL AUDITORS: Peat, Marwick, Mitchell & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Tues. in March. Number of Employees: Approximately 650 at Los Angeles and 200 at Seattle. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding $6.50 Cum. Pref. StocK...c.ceeeeen.o........No Par 5,000 shs 3,910 shs Common Stock ......... No Par 100.000 shs 44.000 shes L. > INDUSTRIALS i. $6.30 CUMULATIVE CONVERTIBLE PREFERRED STOCK Provisions: Preferred as to assets fund requirements 2 years in arrears to extent of $100 per share in event of in either of which event Preferred dissolution and as to cumulative an- stockholders elect majority of direcpal aividends of $6.50 per share. Ho tors until remedied. bonds or stoc aving priority may be . _ issued without consent of two-thirds of Tuy daennar ad hr Share, Jer an-Preferred stock. No additional shares and Oct. 1 paid regularly since Oct. 1 may be issued unless earnings for 12 1928. tT tr out of 14 preceding months equal three Ex-Dividend Date: 10th day of times dividend requirements on Pre- p5nth preceding dividend date. ferred stock outstanding and proposed Transfer Agent: Citizens National to be issued. Trust & Savings Bank, Los Angeles, Sinking Fund: $3 per share on out- Calif. standing Preferred shares set aside an- Registrar: Bank of America of Calnually, beginning June 30, 1929, to re- ifornia, Los Angeles, Calif. tire Preferred stock at best obtainable Public Offering by: Geo. H. Durr price, not in excess of $110 per share. Conrad Broom, Inc, Series A (3,000 Callable: On any dividend date on 30 shares), July, 1928, at 100 and Series I} days’ notice at $110 per share plus ac- (1,000 shares), Sept. 1929, at 103. crued dividend. Number of Stockholders: 254. Convertible: Into Common stock at Listed on: Los Angeles Stock Exthe rate of two shares of Common for change. ’ one share of Preferred. Price Range. Voting Power: Has no voting power High .. unless 4 quarterly dividends or sinking Low ... 2. COMMON STOCK Dividends: Regular $1.50 per share, Registrar: Bank of America of Calper annum, paid quarterly, Jan., Apr., ifornid, Los Angeles, Calif. July and Oct. 1, since Oct. 1, 1928. Ex- Public Offering by: Geo. H. Burr, tra 12l%c per share paid Jan. 1 and Conrad & Broom, Inc., July, 1928, at 28; July 1, 1930. Sept., 1929, at 40. Ex-Dividend Date: 20 days prior to Listed on: Los Angeles Stock Expavment dividend date. change and Seattle Stock Exchange. Transfer Agent: Citizens National Price Range: 1929 1928 Trust & Savings Bank, Los Angeles, High .. . 49 41 Calif. TOW ....... 10 28 TOMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 L92€ Gross Sales oor Operating Expense ...........coooins :,642, 2 280 © 1928 "112,752 RG9 947 Net Earnings ... Other Income ..... 3 Total Income . __ ... eenns Federal Income MT aX. oie eee, Depreciation and Amortization ............coovoiiiiiiiiiiiuiiicnaanan. 58 Net Income ................... Preferred Dividends ........... Common Dividends _..._................... 1 -59 A EER Surplus for the year... (44 Preferred Shares Outstanding........ ,000 Common Shares Outstanding... iiaieaeaaannen 00 L000 Earned, per share Preferred stock................ eran 10.43 17.10 Earned, per share Common stocK........... ...... eens 3.11 + 1.08 *Includes $68,009 earned 5% months prior to incorporation date. June 17. 1928 **514 months period. ‘DMPARATIVE BALANCE SHEET, As of A SSE Dee, 31 1929 159,562 96,000 122,845 18,536 14,933 .6,398 AIR 76 R Cash .......... Call Loans ......_... . _. eee raenne—eaeeaaennennenaan Marketable SeCUTIT 08 aii eee eaeeeeemaneann [Life Insurance, Cash Value __. rime samme npn dna R Accounts Receivable .... eee —eneen anna Due from Emplovees ER Inver* : 1928 104,019 200,000 141,509 12,721 23,916 9,406 IQ 468 Total Current Asset Prepaid Expenses ............ eee eaeameemtensaseeemassaesasenseeensenanaan Plant and Equipment... eee eeea aeons Deferred Charges ......c.cooooeeeeeeee.... aan TOTAL ASSETS _ ...............~ ra,039 086 129 19 904 R79 ary el 974 TER 104. THOMSON’S MANUAL LIABILITIES-NOLES PAVADIE sumrcimmmmmrre sissies sonvssemaiosisns spins ssssp situ miypspmsi yey ses Purchase Contract Payable........ SEER SR RRR SRA Accounts Payable eect een eect cea Dividends Payable i ceeiees eeceenaae Federal Tax BeBervVe.......' osssmimmsmnsmsns Total Current Liabilities ooo and. Purchase CONTPACT. commen ississmmmis Preferred StoCK coo. emer ecmeeen oe Common Stock oo... reemmaneemceemmmemeseenceeseresmnanneenns Surplus Paid In... Surplus Earned ....... TOTAL LIABILITIES eee ceeeie oom eeecennnn Net Working Capital. eee oe eee ven, 25,000 “503 423 54 120 ~ +0 co it “50 A 3% Luh 90,688 “9,540 17.850 18,077 300,000 270.000 202.862 13.734 $ 994,673 431.962 WALLACE BRIDGE & STRUCTURAL STEEL COMPANY GENERAL OFFICE: West Marginal Way and Idaho St., Seattle, Wash. HISTORY: Incorporated under laws of Washington, October, 1926, as successor to the Wallace Equipment Co., which was founded in 1921. BUSINESS: The company is engaged in the fabrication of bridge and structural steel. Its products are sold in Washington. Oregon. Idaho. Montana, Alaska and the Philippine Islands. PROPERTY: Plant is located in Seattle on a 13-acre site with frontage of 280 feet on the East Waterway, permitting ships to load and discharge. Also has direct connection by rail. Modern buildings, shops, warehouses and equipment enable the company to produce at a maximum capacity of 24,000 tons of finished fabriacted steel a year. : OFFICERS: J. F. Duthie, Pres.; Paul Piggott, Asst. to Pres.; G. W. Klinefelter, Jr., Sec. & Treas. GENERAL AUDITORS: E. J. Miner & Co., Seattle. Capitalization— Par Value Authorized lL. Preferred Stock ...... cesses INO PAY 5,000 shs ). Common Stock .... —... $100 $450,000 FUNDED DEBT, As of Dec. 31, 1929 First Mortgage Sinking Rate Dated Due Authorized Outstanding Fund Gold Notes....... reeeneeeneee 615% 1-1-28 1-1-34 $250,000 $249,000 Interest Payable: Semi-annually, Jan.Z= with Trustee Feb. 1 and Aug. 1, of each and July 1, at the office of Trustee. year. tat c 4 : a Trustee: First Seattle Dexter Horton income Nt, to 20 California per-National Bank. sonal property tax refundable up to Denominations: $500 and $1,000. five mills. — x ‘ , : Security: irst closed mortgage on Callable: On 60 days’ notice at 103 all property now owned or acquired. and accrued interest on any interest Legal Opinion by: Shorts & Denney, late. Seattle, Wash. Sinking Fund: Trust Indenture pro- Offered by: Murphey, Favre & Co., vides for semi-annual payments based Seattle, and J. C. Tyler & Co., San sn 209% of net earnings. to be deposited Francisco, Jan. 1, 1928, at 100. WASHINGTON AMUSEMENT COMPANY GENERAL OFFICE: 132nd and Greenwood, Seattle, Wash. BRANCH OFFICES: 721 Bedell Bldg., Portland, Ore. HISTORY: Incorporated under laws of Washington in 1929. BUSINESS: Constructing and operating amusement parks. owners and operators 2f Playland Park, Seattle, Wash. PROPERTY: Company owns 65 acres, including approximately 3; of the water area of Bitter Lake, near the northern city limits of Seattle. Plant consists of 2 complete amusement Park, roller coasters. fun house and all types of amusement rides and features. DFFICERS: Leo F. Smith, Pres. & Mgr.; E. C. Stone, Vice Pres.; Paul W. Houser. Sec’y.; W. A. Logus, Treas. DIRECTORS: Hon. Paul W. Houser, Lloyd Spencer, Hugh Baird, James R. 3o0ldt, R. Christman, Leo F. Smith, William A. Logus, S. G. Spring, E. C. Stone. Fiscal Year Ends: Oct. 1. Annual Meeting: Oct. 10. Number of Employees: 130 to 200 persons. CAPITALIZATION, As of June 30, 1930 Par Value Authorized «.......NO Par 50,000 shs CC No Par 50 000 shs Class A Stock...... Class B Stock... INDUSTRIALS 1A Il. CLASS A STOCK distribution of assets. Class A is nonvoting and non-callable. Public Offering by: The company, at $12.50 per share. Number of Stockholders: 60. B STOCK Class A stock has been paid its $1.00 per share, Number of Stockholders: 45. Provisions: Has preference as to annual cumulative dividend of $1 per share. Entitled to $12.50 per share in event of liquidation, after which participates equally with Class B in further 2. CLASS Provisions: Voting stock. Draws $1.00 per share when and as declared by the board of directors after the WASHINGTON IRON WORKS GENERAL OFFICE: 1500 6th Ave. So., Seattle, Wash. BRANCH OFFICES: Portland, Ore. HISTORY: Incorporated under laws of Washington in 1908, succeeding Washington Iron Works Co., established in 1882. BUSINESS: Company manufactures stationary engines, both steam and Diesel, steel castings, tractors, marine engines. Specializes in logging engines. Products are marketed in all Pacific Coast states and in the Orient. PLANTS & EQUIPMENT: Company owns shops covering city block 600 x600 ft., located at 6th Ave. So. and Atlantic St., Seattle, with equipment for manufacturing heavy engines, including electric steel furnace and cupola for cast iron, complete boiler, pattern and forge shops. MANAGEMENT: Gerald Frink, Pres. & Mgr.: Francis G Sec'y.; C. F. Bridge, Treas. Directors: Same. GENERAL AUDITORS: E. G. Shorrock & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Sat. nn Number of Employees: 450. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized -.. $100 5,000 shs Transfer Agent: The company. Registrar: First Seattle Dexter Horton National Bank. Number of Stockholders: 40. Listed on: Seattle Stock Exchange. Price Range: 1929—High, 120. COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 ASSETS— 1929 1928 Plant and Equipment... reeemnensareeconeansnaroenennnenenne d 1,177,343 "1,193,307 Investments enema - 7,374 52,581 CASI eee eee eee eee 5,716 66,556 Notes and Accounts Receivable... £,989 £6,258 Inventories ....... eee etnenmemessessseeeeeesmeneneomomemmaan £01k 6,144 Patents ................. SHR pm 526 6,621 Deferred Charges .. f 246 92.496 TOTAL ASSET. LIABILITIF Capital Stock .. Funded Debt ........ ..... eeemmanna-Notes and Accounti3 I" "¥Y&. €coeeeeeeeecenr oo. Accrued Interest. Taxes. Wages oo... Reserves ............ Ce eeeeetoeecaceeceeeneemeepeeeeenan Earned Surplus .....__ Donated Surplus ........ TOTAL LIABILIT'ES ieee. "INDED DEBT, As of Dec. 31, 1929 First (Closed) Mortgage Rate Dated Due Authorized Outstanding Serial Gold Bonds.................... 6% 7-1-23 7-1-3¢ $500,000 $260,000 Interest Payable: Semi-annually, Tax Status: Company pays 29% nor-Jan. and July 1, at trustee's office. mal Federal income tax. Principal Payable: $34,000 on July Security: Closed first mortgage on I, each year 1924 to 1929, incl.: $33,000 all property of the company. on July 1 each year 1930 to 1938, incl. Legal Opinion by: Peters & Powell, Trustee & Registrar: First Seattle Seattle, Wash. Dexter Horton National Bank. Offered by: Blyth & Co. Geo, H. Registerable: As to principal only. Burr, Conrad & Broom, Union National Denominations: $1,000, $500. Bank, Seattle, Wash., July, 1923, at Callable: As a whole or in part on prices ranging from 99.62 for 1924 maany interest date, on 30 davs’ notice, ‘urities to 95.25 for 1938. at 102 Listed on: Seattle Stock Exchange. THOMSON'S MANUAL WESTERN DAIRY PRODUCTS COMPANY GENERAL OFFICE: 1501 Fourth Ave. So. Seattle, Wash. DIVISION OFFICES: Portland, Ore. and Los Angeles, Calif. HISTORY: Incorporated under laws of Delaware, Sept. 30, 1925, to acquire the assets, property (except certain real estate), business and goodwill of the follows ing manufacturers of ice cream operating throughout Washington and northwestern Oregon: Oregon: Buttercup Ice Cream Co. Crystal Ice & Storage Co. Hazelwood Ice Cream Co. McMinnville Ice Co. Mt. Hood Ice Cream Co. White Clover Ice Cream Co. In March, 1926, company purchased the ice cream business and equipment therefor of Spokane Bakery Co. and leased that part of the plant of Spokane Bakery Co. devoted to ice cream business; erected a new plant in Spokane, and in the fall of 1926 acquired the business and assets of L. J. Christopher Co. of Los Angeles and the Hazelwood Co. of Spokane. Through its purchase of Crystal Ice & Storage Co. (see above), company acquired 519% of the capital stock of The Dalles Creamery Co., and in June, 1926, it acquired the rest of the stock and dissolved the corporation. In September, 1926, company acquired the Kelso (Wash.) Creamery Co. business and plant. In January, 1927, company acquired the business and assets of Tulip Creamery, Inc., of Bellingham, Wash, and also the dairy business of Ford Dairy Products Co. (in receivership), which it consolidated with the Bellingham plant. Early in 1927 the company acquired ‘the entire Common stock of California Dairies, Inc.,, which was formed to acquire the business and assets (except certain real estate, etc.) of Crescent Creamery Co. and L. J. Christopher Co. (formerly owned by Western Dairy Products Co.). The name of California Dairies, Inc. (incorporated under laws of Maryland) was changed to Western Dairy Products, Inc., Nov. 15, 1929. Western Dairy Products, Inc, owns Arden Sanitary Gold Seal Farms (acquired May 1, 1929), which owns California Cooperative Creamery Co. Also owns Arden Dairy, Inc. (acquired June 1, 1929). Also minority interest in Continental Chain Stores, operating chain stores in southern California. BUSINESS: Company is manufacturer and distributor (both wholesale and retail) of milk, cream, ice cream, powdered milk and fountain supplies. Through generous advertising and merchandising work company has developed trade names of “Sunfreze Ice Cream,” “Arden Protected Milk” and “Hollywood Protected Milk.” PLANTS & PROPERTY: Company owns several plants at Portland, Ore. including ice making, milk receiving, powdered milk manufacturing and ice cream factories, as well as engine and boiler rooms, garages and offices. It also owns ice and ice cream factories at Astoria and McMinnville, Ore.; Centralia, Everett, Kelso, Spokane, and Vancouver, Wash.; a creamery at Montesano, and a cheese factory (leased to others) at Yelm, In addition it leases plants at Albany, The Dalles and Salem, Ore., and Bellingham, Seattle, Spokane and Tacoma, Wash. Western Dairy Products, Inc., owns plants at Alhambra, Los Angeles, Redondo, San Bernardino, San Diego, San Pedro, Tipton, and a plant at Long Beach, which has been leased to others. It also leases plants or properties at Anaheim, Avalon, El Centro, Glendale, Hollywood, Long Beach, Pasadena, Pomona, Redondo, Santa Ana, Santa Barbara, Santa Monica, Tweedy Road. Ventura and several at Los Angeles. OFFICERS: D. M. Dorman, Chairman of the Board; S. H. Berch, Pres.; Roy E. Campbell, Vice Pres. & Sec’'y.; A. Robbins. Vice Pres.; Geo. W. Burt, Vice Pres; J. Frank Holt, Treas. DIRECTORS: 8S. H. Berch, Seattle, Wash.; Geo. W. Burt, Portland, Ore.: Roy E. Campbell, Seattle, Wash.; D. M. Dorman, Los Angeles, Calif.; J. Frank Holt, Los Angeles, Calif.; A. Robbins, Seattle, Wash.; E. A. Strout, Jr.. Seattle, Wash.: G. W. Weatherly, Portland, Ore. GENERAL AUDITORS: Peat, Marwick, Mitchell & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Tues. in Feb. Number of Employees: 2,500. Washington: Maid o' Wauna Ice Cream Co. Olympic Ice Cream Co. Polar Ice Cream Co. : Seattle Ice Cream Co. Inc. Velvet Jce Cream Co... Inc. CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized Outstanding 1. Class A $4 Cum. Stock.................No Par 150,000 shs 131,312 shs 2. Class B StocKuoiouceneeeccccecccaeeaeeeo....No Par 800,000 shs 287,769 shs 196,968 shares of Class B stock reserved for conversion of Class A stock, 80mm shares reserved for Series A preference stock of Western Dairy Products. Inc. NDUSTRiA. Ll. CLASS A CUMULATIVE STOCK Provisions: Has preference as to assets at $60 per share, and dividends, in dissolution, and as to $4 cumulative dividends per annum, and is also entitled to receive one-fourth of the amount of any dividend paid on Class B shares. Consent of two-thirds majority required for creation of mortgage or other lien (except purchase money mortgage); or to increase authorized amount of Class A, or to issue any prior preference stock, or to guarantee the indebtedness or stock dividends of any other company (except to acquire additional property), unless the appraised value of properties acquired is at least 509% greater than that of the indebtedness or stocks to be issued and the net earnings of such properties for 12 consecutive months out of 15 months next preceding date of acquisition shall be twice the annual interest or dividend charges thereon. Callable: On 30 days’ notice at $60 and accrued dividends. Convertible: Each share into 11% Class B shares, at any time up to date of redemption. Voting power: Equal with Class DB. Dividends: Payable quarterly, Mar, une, Sept. and Dec. 1. Initial dividend >f 66 2-3 cents paid Dec. 1, 1925; Mar. . 1926, $1, and regularly, quarterly, since. Ex-Dividend Date: 12th of preceding month. Transfer Agents: Seaboard National Bank of New York, and American Trust Co., San Francisco. Registrars: Bank of America, New York; Wells Fargo Bank & Union Trust Co., San Francisco. Public Offering by: Spencer, Trask & Co., Bond, Goodwin & Tucker, Inc, Smith & Strout, Inc. Listed on: New York and San Francisco Stock Exchanges. 2. CLASS B STOCK mination of voting trust, into 13% shares. Voting Power: Equal with Class A. Dividends: None paid. Transfer Agent: Seaboard National Bank, New York. Registrar: Bank of America. New York. Price Range: 1927-1929—High. 49: low, 7. Voting Trust: Class B shares are deposited under a voting trust agreement terminating Oct. 7, 1935. Trustees: S. H. Berch, Roy E. Campbell, Cecil Barret. Conversion: Holders of Western Dairy Products, Inc. (formerly Californit Dairies) preference stock have privilege of converting each share owned into 2 shares of Class B stock until June 15. 1932, and thereafter, until ter-COMP 7 / TIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31 AQQER"™ Cash ... Notes & . ccount Sundry Notes « Inventoriee 2 rets .P88 nn, aC. Total Current Ae-o: Prepaid Expenses ... Investments ......ccceeee oo... Plant & Equip. (depreciat-GoodAWill ooo Unamortized Bond Discount............ Deferred Charges to Operations... TOTAL ASSETS cee... ee *Tncludes subsidiary companies. LIABILITIES-Accounts Payable ...... Accrued Liabilities ....... Federal Tax Reserve Total Current Liabilities .. Funded Debt oii, Western Dairy Products, Inc.: Preference Stock owned by public........ Arden Sanitary Gold Seal Farms: Common Stock owned bv public... Capital Stock .... Surplus TOTAL LIABILITIRF .. Net Working Capital........oooooeooeeooo Ratio Cur. Assets to Cur. Liab............... Book Value Class A shares... 1929 "97,50 ~~ 0. .-Lk e708 10,324 76.839 49.747 $91 785 281 1,374,231 298,541 129.500 202,272 100,500 398.000 "45 62,523 6924 241 .. 381 2,941 ..8:1 £92 28 1028 5,391 "06 € D0. £10.00 6,622,075 ROE KK ©0,004,347 2,300,743 6.9" 254.84 1927 235,908 185,179 70,938 156.179 204 133 4 29286 NY, - ¥. 397 2924 91,162 65,891 27 ONAN DES 1 500 3,255,005 A766 766 24 151 »:1 5 17 THOMSON'S MANUAL COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 1929 1928 Gross ReVeNUE cuememeeeeemeaeeeeaemceeemcneea 7 $26,047,401 * 5,025,154 Operating Expense .... .. 23,508,666 4,419.27 0 Operating Income .ociccocccccccceee 0, 29.725 Depreciation ...... I —— £0. £0¢ Net Operating Income... Other Income ...... 1927 $ 4,511,528 3,905,015 606,513 "86.734 “779 0%.063 Total Income ..... . FE, Provision for Federal Income Tax........ Interest, Amortization, ete. cece © 842 000 1.901 £2,941 122.070 Net Income ..... . Dividends Paid ..oeeeneee. Surplus for the year...._.............. Earned, per share Class A stock......... Earned, per share Class B stock.............. tInecludes dividend from California Dairies 59,871 $3.76 FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding 15-Yr. S. F. Debentures......6%9% 12-1-26 12-1-41 $3,000,000 $2,112,000 Calif. Dairies Debentures.......6%% 5-1-27 5-1-42 $3,000,000 $2,306,000 Calif. Coop. Cream. Debs........6%% 10-1-28 10-1-43 $850,000 $821,500 Calif. Coop. Crm. 1st Mtg...... 69% 12-1-28 10-1-48 $875,000 $861,000 1. 2. 3. { i. 13-YEAR 614% SINKING FUND GOLD BONDS Interest Payable: June and Dec. 1, ed to retire 469% of issue by maturity. at Wells Fargo Bank & Union Trust Tax Status: Company pays 2% nor-Co., San Francisco; First Seattle Dexter mal Federal income tax and refunds Horton National Bank, Seattle, or trus- Penn., Conn. and Calif. 4 mills; Md. 4% tee’s office. mills; Mass. income tax 6%. Trustee: Seaboard National Bank, Security: A direct obligation, but New York. not secured by mortgage. Company Denominations: Coupon, $1,000, $500. may not create any mortgage or other Callable: At any time on 60 days’ lien on fixed or permanent assets, innotice at 107% and interest on -or be- cluding securities, unless assets are fore Dec. 1, 1931; thereafter, but be- 200% of debentures outstanding plus fore Dec. 1, 1932, at 105 and interest, all obligations proposed to be issued. premium decreasing %9% each year Legal Opinion by: Masten & Nichols, thereafter. New York. Sinking Fund: Amount equal to one Offered by: Spencer, Trask & Co, and two-thirds of total debentures is- Bond & Goodwin & Tucker, Inc, and sued, paid to trustee semi-annually, to Smith & Strout, Inc. Dec., 1926, at purchase or call debentures. Calculat- 9915. 2. CALIFORNIA DAIRIES, INC. 15-YR. 61% SINKING FUND GOLD DEBENTURES Interest Payable: May and Nov. 1, at sued, paid to trustee, semi-annually, or trustee’s office or Wells Fargo Bank & debentures previously issued, in similar Union Trust Co., San Francisco, = or amount. Bank of Italy, N. T. & S. A, Los An- Tax Status: Company pays normal geles. 20, Federal income tax and refunds Trustee: Equitable Trust Co., New Penn, Conn., Calif. 4 mills; Md. 4% York. mills, and Mass. income tax, 6%. Registerable: As to principal only. Security: Direct obligation of com-Denominations: Coupon, $500 and pany, but not secured by a mortgage. $1,000. Legal Opinion by: Mastin & Nichols, Callable: At any time upon 60 days’ New York; Gibson, Dunn & Crutcher, notice, at 1071 prior to May 1, 1932; Los Angeles. thereafter, but prior to May 1, 1933, at Offered by: Spencer, Trask & Co. 105, premium decreasing 1% 9% each year Bond & Goodwin & Tucker, Inc.; Amerthereafter. ican Investment Co. and Smith & Sinking Fund: Amount equal to one Strout. Inc., July, 1927. at 98. and two-thirds of bonds originally is-3. CALIFORNIA CO-OPERATIVE CREAMERY CO. 15-YEAR 6%% SINKING FUND GOLD DEBENTURES Interest Payable: Apr. and Oct. 1, 35 days’ notice, at 103, to and includat trustee's office. ing Oct. 1, 1933, and thereafter at 102 Trustee: Bank of America of Cali- and interest. fornia, Los Angeles. Sinking Fund: Nov. 1, payable in ad-Registerable: As to principal. vance, each year: 1929-30, $24,000; Denominations: Coupon, $1,000, $500. 1931-32, $30,000; 1933, $36,000; 1934, $42,-Callable: On any interest date, on 000: 1935, $48.000; 1936, $54,000; 1937. INDUSTRIAL 0G $60,000; 1938, $66,000; 1939, $72,000; 1940, assets in ratio of 150% of current lia-£78,000; 1941, $84,000; 1942, $90,000; bilities, and total net assets of not less 1943, $112,000. than 200% of all liabilities, including Tax Status: Company pays normal -hese debentures. Guaranteed as to in-20, Federal income tax, and refunds terest and principal by Arden Sanitary Calif. 4 mills. Gold Seal Farms. Security: Direct obligation of com- Offered by: Merchants National Co, pany, but not secured by a mortgage. Banks, Huntley & Co. and California Company must maintain net current Co., Los Angeles, Nov., 1928, at 99. 4, CALIFORNIA CO-OPERATIVE CREAMERY CO. FIRST MORTGAGE 6% SINKING FUND GOLD BONDS Interest Payable: Apr. and Oct. 1, at Tax Status: Company pays normal trustee's office. 29% Federal income tax and Calif. 4 Trustee: Bank of America of Cali- mills personal property tax. ‘ornia, Los Angeles. Registerable: As to principal. Denominations: Coupon, $1,000, $500. Callable: At any interest date, on 35 days’ notice, at 102% and interest. Sinking Fund: Payable Jan. 1, for vear ending Oct. 1 of same year; 1929-31, $12,000; 1932-33, $18,000; 1934-43, $24.000: 1944-47, $42.000: 1948. $60,000. Necurity: First mortgage on all the lands, buildings and fixed equipment now owned or hereafter acquired. Fuaranteed as to interest and principal by Arden Sanitary Gold Seal Farms, [nc. Offered by: California Co., Merchants National Co., and Banks, Huntley & Jo., L.os Angeles, Dec., 1928, at 100. ° WESTERN FUEL CORPORATION OF CANADA GENERAL OFFICE: Belmont House, Victoria, B. C. CONTROL: By The Canadian Collieries (Dunsmuir), Limited. HISTORY: Incorporated under laws of British Columbia, 1923, as successor to a corporation of the same name incorporated in 1921. BUSINESS: Mining and selling coal for steam and domestic purposes. PROPERTY: The properties of the company consist of 43,483 acres of timber and coal-bearing land at Nanaimo on Vancouver Island. Corporation owns in fee 150,000,000 board feet of timber, mostly fir, and its own water system, consisting of four reservoirs with a capacity of over 90,000,000 gallons and 10 miles of pipe line. The equipment consists of bunkering facilities and coal-loading machinery of a capacity of 5,000 tons per day, storage bunkers and railroad car capacity of approximately 12,000 tons and open storage for small sizes of coal of about 50,000 tons. The corporation also owns its own railway, and equipment consisting of five standard gauge locomotives, 156 gondola cars, 13 large flat cars, 1 box car, 1 wrecking car (each of 20 tons capacity), 254 five-ton coal cars, 22 five-ton flat cars, 5 five-ton ash cars, § five-ton rock cars, 17 eight-ton rock cars, 2 passenger coaches, 1 ambulance, and 21 tank cars. Tons of coal sold: 1927, 452,955; 1926, 455,820; 1925, 452,700. OFFICERS: F. Perry, Pres.; C. W. Villiers, Vice Pres. GENERAL AUDITORS: Price, Waterhouse & Co., Ltd. FUNDED DEBT, As of Dec. 31, 1929 First Mortgage Sinking Rate Dated Due Authorized Outstanding Fund Gold Bonds .__. ee 7% 11-15-28 11-15-40 $2.000.000 $1,798,000 interest Payable: Semi-annually, May 15 and Nov. 15, at Anglo-California Trust Co., San Francisco. Trustee: Montreal Trust Co. Registrar: Anglo-California “o0., San Francisco. Denominations: $1,000 and $500 (coupon bonds). Callable: As a whole at 102% up to and including Nov. 15, 1933; thereafter callable price reduced % 9% per annum up to and including Nov. 15, 1936; thereafter callable orior to maturitv at 100%. Sinking Fund: 25 cents per ton of all coal mined and sold and $2.00 per thousand feet of all timber cut and sold after July 1, 1928, to purchase bonds in the market un to the call orice or to redeem bonds, if not obtainable in the market below the current redemption price. Estimated that sinking fund will retire 709% of bonds by maturity. Tax Status: Company pays normal Federal income tax up to 2%. Security: First closed mortgage on all property now owned or hereafter acquired. Legnl Opinion by: Messrs. McKinstry, Haber & Firebaugh of San Francisco. and Harold B. Robertson. Vancouver. Purpose: Issued to refund first mortgage 8% bonds due 1931. Offered by: Anglo London, Paris Co. and Schwabacher & Co.. San Francisco. Nov. 1928 at 100 10 THOMSON'S MANUAL WILLSON STATIONERS AND ENVELOPES, Limited GENERAL OFFICE: Vancouver, B.C. HISTORY: Incorporated under laws of Canada, in 1929, and has acquired all of the capital stock of The Willson Stationery Co. Ltd.; Winnipeg Envelopes, Ltd.; Silverster-Willson, Ltd.; and Mitchell-Foley, Ltd. BUSINESS: The Willson Stationery Company, Limited, incorporated in 1904, is engaged in the retail stationery and office equipment business with stores located in Winnipeg, Brandon, Regina, Moose Jaw, Saskatoon, Edmonton and Calgary. In addition the company manufactures stationery and operates a printing plant and bookbindery in Winnipeg. Winnipeg Envelopes, Limited, incorporated in 1907, operates an envelope maufacturing plant in the City of Winnipeg. Silvester-Willson, Limited, owns a five-story office building located on McDermot Avenue, Winnipeg, three floors of which are occupied by Willson Stationery Company, Limited, and the remaining floors by office tenants. Mitchell-Foley, Limited, was organized in 1914 and handles a complete line of stationery and office equipment in Vancouver CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding $100 $500,000 $400,000 $£.00 $500,000 $220,000 No Par 50.000 shs 32,100 shs l. 7% First Cum. Pfd. Stock........... 2. 7% Second Cum. Pfd. Stock.......... 3. Common Stock 1. 7% FIRST CUVTILAT E PREFERRED STOCK Ex-Dividend Date: Last day of month preceding dividend. Transfer Agent: Montreal Trust Co. Winnipeg. Registrar: Northern Trusts Co., Winnipeg. Legal Opinion by: Messrs. Hudson, Ormond, Spire & Symington, Winnipeg and Messrs. Pilblado, Hoskin & Co. Winnipeg. Provisions: Preference as to assets and 7% cumulative dividends over secdividends may be paid or declared and ond preferred and common stock. No dividends may be paid or declared and set apart for payment on the Common Shares until a reserve has been established equal to the sum required to pay dividends for two years on the First Cumulative Preference Shares outstanding. : Callable: On any dividend date as a whole or in part on 30 days’ notice at 107%. Dividends: Payable from Aug. 1, 1929, quarterly Jan., Apr., July, Oct. 15. Public Offering by: Nesbitt, Thomson & Co., July, 1929, at 100, with bonus of 5 shares of common with each 10 shares of 1st preferred purchased. YAKIMA ARTIFICIAL ICE & COLD STORAGE COMPANY GENERAL OFFICE: 412 North First Avenue, Yakima, Washington. HISTORY: Incorporated under laws of Washington, Sept. 10, 1906. SI SINE SS: Ice, cold storage, fruit packing, growers supplies... central heat, uel, ete. PLANTS AND EQUIPMENT: Company owns modern cold storage plant; ice manufacturing plant; coal handling yards and facilities; concrete and brick corinsulated ice storage plant: all equipped with modern machinery and labor saving devices. SUBSIDIARIES: Company owns and operates the Rainier Fruit Co. and holds a half interest in the City Ice Delivery Co. Yakima, Wash. } OFFICERS: F. M. Raymond, Pres.; L. J. Bunting, Vice-Pres.: W. R. Anderson, Sec.-Treas., all of Yakima, Wash, DIRECTORS: Same as officers. GENERAL COUNSEL: D. V. Morthland, Yakima, Wash. Fiscal Year Ends: June 30th. Annual Meeting: First Saturday in March. Number of Employees: From 30 up to 150 peak. CAPITALIZATION, As of June 30, 1929 Par Value Authorized Outstanding eeeeeee $100 $400,000 $225,000 stockholders in the form of a 50% stock dividend. Dividends: On old capitalization — 1921, 7%; 1922, 12% 9%; 1923, 10%; 1924, aone; 1925, 10%; 1926, 121% 9%; 1927 and 1928, 10%. On new capitalization—1929, 10%. Transfer Agent and Registrar: Secretary of company. Number of Stockholders: 5. Common Stock ...... INDUSTRIALS COMPARATIVE INCOME STATEMENT, Years Ending June “°° ) .. Gross Revenue ...... Operating Expense ..... Net Earnings fe . Other Income ........ Total Income .......cccoceeeennnne Interest, Amortization, Etc....... Net Income ......cccoeeeeee. Common Dividends .................. Surplus for the Year................. ie Earned, per share common stock......._.......___. . Sie COMPARATIVE BALANCE SHEET, As of June 39 ASSETS— "29 razg Accounts Receivable ............. 3,FRE 7.664 Notes Receivable .............. "594 711 + “R5 Sinking Fund .............. 4 Merchandise Inventorir-49 Current Assets ..... Deferred Charges ...... renames TnexXpired INSURANCE imei miopssiveossenesser Stocks (Local Corporation) i. Site and Buildings. ..eeomcimiicecierreneceeneeee Machinery and Equipment... iii cane Furniture and Fixtures..........ccocooomiiiiaeann. Goan Automobile Trucks eeieatseeeeeseeeesesesnseseneeeencnsnsenann ....T62,440 948 .. 4,953 .. 30,225 £9,932 "1.660 4,981 13,805 26 +3 “cd 70 TOTAL ASSETS ....... . LIABILITIES-Accounts Payable . eeannean Accrued Interest .......o.cooiiiiiiiiiiiiiiiieee a Pav Roll and Dividend Acrnrnf oo. ae Current Liabilities _._.. Subscribed Stock Bonded Debt eee eee Depreciation and Tax Reserve............cc....... Capital Stock I. Surovlus ~ of 9 06k 1927 "217,307 "57,204 €0.103 1 5 9 00 9 3 1927 $16,299 5,655 652 5,668 16,651 525 4,600 487 5,679 1,150 4,976 3,866 12,101 02,584 2,461 729 461 31,651 2,100 5,000 1,802 0,000 »1,031 TTTTIMPTIES ieee evemeeee a. $446,944 FUNDED DBT, As of June 30, 1929 First Mortgage and Re anding “ate Dated Due Authorized Outstanding Serial Gold Bonds........... T% 6-1-23 1924-38 $150,000 $95,000 Interest Payable: Semi - annually, year thereafter. 1924 to 1933, then $13,000 annually tc Sinking Fund: Provision is made to June and Dec. 1st. repay bonded debt through a Sinking Principal Payable: $10,000 annually Fund which is invested in callable loans 1924 to 1933, then $13,000 annually tc and also carried in savings accounts. 1938. Security: First mortgage on plants Trustee: Guaranty Trust Company and equipment. Takima, Wash. Legal Opinion by: D. V. Morthland, Denominations: $100 and $500. Yakima, Wash. Callable: In blocks of $10,000 or more Offered by: Guaranty Trust Co, nn June 1st. 1928. or June 1st of anv Yakima. Wash. TULL & GIBBS, INC. GENERAL OFFICE: First and Wall St.,, Spokane, Wash. HISTORY: Organized in 1891 and incorporated in 1899 BUSINESS: Retail house furnishings. SUBSIDIARY Tull & Gibbs Finance Corp. organized to finance installment furniture business. OFFICERS: F. D. Gibbs, Pres.; Charles Hebberd, Sec'v.-Treas & Gen. Mgr.: G. S Hehberd. Asst. Gen. M-~r, TILL £ « Authorized ............. Amount Retired ........ NDutstanding June 1, 1930....... ___. _ Dated: April 1, 1924. Due: Ser: as below. Security: Conditional Sales Contracts pledged with trustee ‘eo 7% SERIAL GOLD NOTES 0 Maturities: 325,000, Oct. 1, 1930 and it Apr. 1, 1931; $30,000, Oct. 1, 1931, and Apr. 1, 1932; $35,000, Oct. 1, 1932, and Apr. 1, 1933: 340.000. Oct. 1, 1933. and Apr. 1, 1934. Interest Payable: Apr. and Oct. hv trustee THOMSON'S MANUAL a Trustee: Spokane & Eastern Trust Tax Status: Company pays 29% Fedo. eral income tax. Denominations: $100, $500, $1,000. Callable: At $1021 first 5 years and Offered by: Murphey, Favre & Co. 15% less each vear thereafter. Spokane. Wash. TULL & GIBBS FINANCE CORP. 7% COLLATERAL TRUST NOTES ~00,000 Dec. 15, 1929, to June 15, 1938; $50,000, 5.000 Dec. 15, 1938. -— Interest Payable: June and Dec. 15, Outstanding, June 1, 1¢50...... ___ ,000 by trustee, od Dec. 15, 1928. Due: Serially, o Trustee: Spokane & Eastern Trust 1929-38. ’ o. Security: Conditional Sales Con- plan or acs) Jays Motice at par 5 - 4 7/0 3 tracts deposited with trustee. Offered by: Murphey, Favre & Co., Maturities: $2.500 each June and Spokane, Wash. VULCAN ENGINEERING WORKS, Limited GENERAL OFFICE: Vancouver, B. C. HISTORY: Incorporated under laws of British Columbia in 1930, to purchase the business and the manufacturing plant and machinery, together with stocks of materials on hand, unfinished contracts, lands, leases, etc., of the Vulcan Iron Works, Ltd.,, which was established in 1907. Also acquired the business, plant and property of the Wallace Foundries, Ltd., a competing plant, for $50,000. CHARACTER OF BUSINESS: Manufactures steam and heating boilers, tanks of every description, digesters, retorts, penstocks, structural steel, steel bridges, and all classes of heavy steel and iron products. PROPERTY: Plant, located on Granville Island in the city of Vancouver, on property leased from the Vancouver Harbour Commissioners, consists of hydraulic presses, bending rolls, drills, punches ,shears, hydraulic riveters, lathes, drill presses, electric cranes, air compressor equipment, electric welding equipment and the usual sundry tools and equipment. DIRECTORS: M. Y. Aivazoff, Pres. and Managing Director: H. J. Turney, H. Smart, Victor W. Odlum, Geo. H. Martin. CAPITALIZATION. As of Feb. 28, 1930 Par Value Authorized Outstanding 1. 7% Preference Stock..eeeeeeaaceeee. $100 $200,000 $150,000 2. Common Stock veeeueseeeeeee-NoO Par 20,000 shs 20,000 shs 1. 7% CUMULATIVE PREFERENCE SINKING FUND STOCK . Provisions: Preferred as to assets jends on 30 days’ notice in whole or in and cumulative dividends. Consent of part. 75% of the preference shares outstand- Voting Power: No vote, excepting in ing 1s necessary to create additional ihe event of default of dividends for a preference shares or other securities ,erjod of six months, when the preferranking equally with, or in priority to, nce shareholders have one vote for the preference shares now to be issued. 2ach share, and at the same time the No further issue of preference shares votes for ordinary shares reduced to is to be made unless issued for cash to ne vote for ten shares, and in any amount of par value. avent during this {inte the preference Salaries of executive officers are not shareholders are entitled to elect a mato be fixed or increased without the jority of the Board of Directors. unanimous consent of all directors. Dividends: 7% per annum, cumula-Sinking Fund: After two years 25% tive from March 1, 1930, payable quaroz the net profits of the company are terly, Mar., June, Sept. and Dec. 1. 0 be set aside and used for the rei Transfer Agent & Registrar: London tpption of the preference shares of & Western Trusts Co., Ltd.,, Vancouver, Provision is made that the under- B. C. writers have representation in the Public Offering by: Victor W. Odlum, Board of Directors so long as any pref- Brown & Co. in 1930 at $100, with erence shares are outstanding. bonus of one and one-half Common Callable: At 103 and accrued divi- shares. BALANCE SHEET, As of Feb. 28, 1930 ASSETS LIABILITIES Bldgs., Plant, Mach. Equip........$305,42} Preferred Stock .ieeececceeene-.oaa. $150,000 Leasehold Property . . Common Stock & Surplus............ 222,933 Goodwill eee Current Assets: — CASN eee nnn ..000 TOTAL LIABILITIES ..............$372,933 Stock on hand & work in prog.... 52.500 Total Current Assets..................» 67.500 TOTAL ASSETS wo... $372,933 SECTION IX. MINES Including the major producing Pacific Northwest mines of the ALASKA JUNEAU GOLD MINING COMPANY GENERAL OFFICE: 1022 Crocker Bldg. San Francisco, Calif. MINE OFFICE: Juneau, Alaska. HISTORY: Incorporated under laws of West Virginia, Feb. 17, 1897. March 19, 1928, acquired Alaska-Mexican Gold Mining Co., Alaska United Gold Mining Co. and Alaska-Treadwell Gold Mining Co. PROPERTY: Mines, foundry, machine shops and hydro-electric power plants at Juneau, Alaska. Mills have 14,000 tons daily capacity. Ore reserve estimated at 320,000,000 tons. OFFICERS: FF. W, Bradley, Pres.; C. D. O'Sullivan, 1st Vice Pres.; D. J. Murphy, nq, Vice Pres.; CT. A. Norris, 3rd Vice Pres. & Asst. Treas.; J. W. Crosby, Sec'y. reas. DIRECTORS: F. W. Bradley, C. D. O'Sullivan, D. J. Murphy, Eugene Meyer, P. R. Bradley, F. A. Hammersmith, C. A. Norris. Consulting Engineer: P. R. Bradley. General Superintendent: L. H. Metzger. Juneau, Alaska. GENERAL COUNSEL: Wm. E. Colby, San Francisco. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Tues. after 1st Mon. in April. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding .. $10 $15,000,000 $14,460,000 Details: Par value changed from Number of Stockholders: 3,855. rents to $10 in 1915. Listed on: New York Stock Ex-Dividends: None paid. change. Transfer Agent: Central Hanover Price Range: Bank & Trust Co., New York. 1929 1928 1927 1926 1925 Registrar: Chatham Phenix Nation- High ............10% 103% 214 2 21% 1] Bank & Trust Co., New York. OW eee. 414 53% ’ % 1 COMPARATIVE INCOME ST" 7" YT, Years Ending Dec. 31 noo Gross Revenue ........ Operating Expense . Gross Operatin Interest ............. Depreciation ....... [Income Taxes ..... Profit before Depletion 927 73,422 AR 2' 0 "4 a ,0£5,208 COMPARATIVE BAL "NCE SHEET. 9 " nor ASSETS-Capital Assets Cash ............ Receivables Inventory .. Rnllion 1926 RAE 1 3 Total Current A: Deferred Charges surnlus Deficit 0 TOTAL ASSFT LIABILITIV Capital Stock Funded Debt ..... Notes Payable ... _. Accounts Payable Depreciation Reser: Accrued Taxes .... Surplus ..__ TOTAL LIARILT 1 ier "0,000 +.894 “F973 6,074 +04 294 rq “eT r LK J TY KH ow x lo 1). 8 5 (a. 209.994 nN a % ” 41 THOMSON'S MANUAL FUNDED DEBT, As of Dec. 31, 1929 First Mortgage Rate Dated Due Authorized Outstanding 10-Year Gold Bonds.................... 7% 3-15-29 3-15-39 $3,500,000 $893,400 Interest Payable: M&S 15 at Trus- Tax Status: Company pays normal tee’s office. income tax up to 2%. Trustee: American Trust Co. San Francisco. Denominations: Coupon $500 and $1,000. Callable: At 110 on any interest date. Security: First mortgage on all property in Alaska now owned or hereafter acquired. No dividends may be declared out of surplus profits or assets distributed to stockholders while bonds are outstanding ANACONDA COPPER MINING COMPANY GENERAL OFFICE: Anaconda, Montana. EXECUTIVE OFFICES: 25 Broadway, New York. HISTORY: Incorporated under laws of Montana, June 18, 1895, succeeding the Montana Mining Co. Since its organization, company has either purchased assets of, or consolidated numerous mining and metal producing companies. BUSINESS: Compay is the world’s largest producer of copper and also produces lead, silver, gold, zinc and other miscellaneous non-ferrous metals. Company operates mining properties and smelter at Anaconda, Montana. Through subsidiaries, company manufactures brass, wire cable and other non-ferrous metal products. SUBSIDIARIES: Company's more important subsidiaries are: International Smelting Ceo.: Originally organized under laws of Montana in May, 1914, to take over assets of International Smelting & Refining Co., located in TTtah and Arizona. American Brass Co.: Incorporated under laws of Conn. in 1899. Control acquired by Anaconda in 1922. Chile Copper Co.: A Delaware corporation organized in 1913. Through subsidiaries, controls properties at Chuquicamata, Chile, including mines, mills and copper ore deposits. Control acquired by Anaconda in 1923. Andes Copper Mining Co.: Incorporated in Delaware in 1916. Owns 290,377 acres in Atacama, Chile, containing large deposits of copper ore. Control acquired by Anaconda in 1916. Anaconda Wire & Cable Co.:t Incorporated in Delaware in 1929 to acquire wire and rod mill at Great Falls, Mont., mill at Kenosha, Wisc.,, and other assets. Company also owns the Butte, Anaconda & Pacific Railway. OFFICERS: John D. Ryan, Chairman of Board; Cornelius ¥. Kelley, President; Benjamin B. Thayer, Vice-Pres.; James R. Hobbins, Vice-Pres.; Robert E. Dwyer, Vice-Pres.; Albert H. Melin, Secy. & Treas.; James Dickson, Gen. Auditor; Kenneth B. Frazer, Asst. Secy.; David B. Hennessy, Asst. Treas. DIRECTORS: Percy A. Rockefeller, Benjamin B. Thayer, Charles E. Mitchell, Jong D. Ryan, Cornelius F. Kelley, Charles T. Fisher, Andrew J. Miller, John . Coe. GENERAL AUDITORS: Payson, Peloubet & Company. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Wednesday in May. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding Capital Steck o.oo. col ccceeeeeee. $50 $600,000,000 $441,403,150 851,878 shares reserved for conver-3 of convertible debentures due in Details: In Feb. 1923, capital stock was increased from $150,00,000 to $300,000,000; on March 4, 1929, from $300,000,000 to $600,000,000. Par was changed from $25 to $50, July 22, 1915. On April 30, 1929, stockholders were offered right to subscribe, on or before June 18, for 2 shares of stock for each 5 held, at $55 per share. Purpose of this offer was to provide funds to retire outstanding funded debt. Voting Power: Each shareholder entitled to number of votes equal to number of shares held, multiplied by number of directors to be elected, which may be cast for candidates at stockholders’ discretion. Dividends: Pavable quarterly Feb. 20th, etc. 1900 and 1901, 13% each; 1902-1904 incl., 4% each; 1905, 111%; 1906, 19% %; 1907, 26%; 1908 to 1911 incl, 8% each; 1912-1913, 12% each; 1914, 10%; 1915, 69%; 1916, 14%; 1917 and 1918, 16% each; 1919, 7%; May, 1919, to Nov., 1920, 2% quarterly; 1921 and 1922, none; 1923, $2.25 per share; 1924, 75c:; 1925, $3; 1926 and 1927, $3 each; 1928, $3.50; 1929, $6.75. Ex-Dividend: 1st of preceding month, Transfer Agent: City Bank Farmers Trust Co., N.Y. Registrar: Bankers Trust Co., N.Y. Listed on: New York and Boston stock exchanges. Price Range: 1929—High, 174%; Low, 100; 1928—High, 120%; Low, 533%; 1927 —High, 60%; Low, 411; 1926 — High, S4%; Low, 41%; 1925-—~—High, 531; Low, ‘4 a CONSOLIDATED BALANCE SHEET, As of Dec. 31, 1929 1999 1928 1927 Mines, Land, Etec...............$295,030,768 Building and Machinery.. 255,889,684 Investments . 25,349,194 Supplies reins 2,780,02¢ Marketable Securitiec 243,41 Cash oconssmmmmmpaasinss fr Accounts Receivable YY Metals Deferred Charges ....... TOTAL ASSETS . . ~F¢ ASSETS-5101,350,594 133,635,929 24,430,458 €,031,0%% Fe 06," © 1136,478,853 172.775.605 98.115.866 9,573.1 728s. or LIABILITIES Capital Stock ............. ....*$441,403,150 Minority Int. Sub Cc .. © 232,8C1 Dividends Payabl “49,1 Funded Debt .... 2,000 Depreciation R~-- La Accruals ......_..... Accounts Pays ™ Notes Payable Surplus cas, a,461 Te EEL J090, 09.2 “20,00 €30,00( 971,365 €09,24¢ tg ese 2 i ’ . Gt TOTAL LIABILITIES......»764,227,815 +004, *Represented by 8,828,063 shares, par $H0 reduce metals to fixed prices. + After reserve of CoVSOLYDATED INCOME STA'EMENT As of Dee. * Gross Revenue ....... Expenses, Taxes, Et 1926 p133,777,797 152,110,528 99,223,087 21,086,752 13,501,449 4,810,603 © 017,830 7,207 504,755 "07.008 150,000,000 1,919,356 2,250,000 4,044,000 3,697,403 6,794,244 "0.976.894 025111 014,507,008 23 362 288 to 1926 rE *€2 72 Operating Profi Other Income ... Total Income interest, Etc. ........ Depreciation, Etec. Minority Interests .... () £ Net Income 6€ 115, 6.202 '"TINLED "YFBT, 4 Mate 1. Chile Copper Debentures....... 5% 2. B. A. & P. 1st Mtge. Bonds.... 5% ..» of Dec. 31, 1029 Dated Jue Authorized 1-1-27 1-1 $35,000,000 2-1-14 %-1-44 $5,000,000 Outstanding $35,000,000 22 182.000 Tax Status: Company pays normal federal income tax up to 2%. Security: First lien on Chile Copper Co. Company agrees to create no lien on stock of Chile Exploration Co. without providing ratable security for this issue and not to permit Chile Exploration Co. to create any obligation other than indebtedness incurred in usual *ourse of business. Offered by: National City Co. and Guaranty Co., New York, December, 1926, at 9634. Listed: New York Stock Exchange. 2. BUTTE, ANACONDA & PACIFIC 1st MTGE. 53% SINKING FUND GOLD BONDS Interest Payable: Feb. and Aug. 1, ing to be used to purchase or call bonds at trustee's office. at not over 105. Trustee: Guaranty Trust Co. N.Y. Security: First lien on all property Registerable: As to principal and of Butte Anaconda and Pacific Ry., ex-“ully registerable. cept steam locomotives. Principal and Denominations: $1,000. LiTtpy eet guaranteed bv Anaconda Cobp-Callable: At 105 on any interest date Offered by: Guarant , : ) y Trust Co. and on 6 weeks’ notice. Kidder Peabody Co. N.Y. ($3.000.000) Sinking Fund: Beginning Feb. 1, 1914 at 9934 and by John Mickerson & 1915, 19% per annum of bonds outstand- “3 in 191% at 98 1. CHILE COPPER CO. 20-YEAR 3% GOLD DEBENTURES Interest Payable: Jan. and July 1 at Nat. City Bank, N. Y., or trustee's office. Trustee: Guaranty Trust Co, N.Y. Registerable: As to principal. Denominations: $500, $1,000. Callable: On any interest date at to Jan. 1, 1931; 101% to Jan .7, “1. 101 to Jan. 1, 1939; 100% to Jan. Ls at par thereafter. Sinking Fund: Semi-annual payments beginning 1933, sufficient to retire entire iksiie at maturity. 3: £ THOMSON'S MANUAL BUNKER HILL & SULLIVAN MINING & CONCENTRATING CO. GENERAL OFFICE: Kellogg, Idaho. HISTORY: Incorporated under laws of Delaware, March, 1924, succeeding a company originally organized in Oregon in 1885. BUSINESS: Company owns and operates lead and zinc mine and smelter in the Coeur d'Alene mining district, at Kellogg, Idaho. PRODUCTION: From May, 1886, to Dec. 31, 1929, company mined 13,009,945 tons of ore, with total gross assay value of $156,637,496. The net returns of the smelter were $97,047,218, with net operating profit of $54,268,149. Total paid in dividends, $45,781,552. OFFICERS: F. W. Bradley, Pres.; Stanly A. Easton, 1st Vice Pres.; D. J. Murphy, 2nd Vice Pres.; Wm. H. Crocker, Treas.; C. A. Norris, 3rd Vice Pres. & Asst. Treas.: J. W. Crosby, Sec’y.; F. W. Van Meter, Asst. Sec’y. & Auditor. DIRECTORS: F. W. Bradley, Wm. H. Crocker, S. A. Easton, D. J. Murphy. Wm. Houghteling. MANAGER: Stanly A. Easton," Kellogg, Idaho. GENERAL COUNSEL: Wm. E. Colby, San Francisco. Fiscal Year Ends: Dec. 31. Annual Meeting: 4th Tues. in March. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding I. 69% Cum. Preferred Stock....ccceeccc... $100 $2,000,000 $774,400 2. Common StocK ceri mrriieeeenee $10 $3,270,000 $£3,270.000 1. 6% CUMULATIVE PREFERRED STOCK Provisions: Entitled to 6% per an- dends, in liquidation. num cumulative dividend, payable quar- Callable: As a whole or in part at terly, plus amount in excess of $1.50 any time at $110. per share paid on Common stock dur- Dividends: $2 per share, paid quaring previous quarter. If stock is held terly. by employee, at least 50 cents per Ex-Dividend Date: Jan. Apr., July, share per quarter extra is paid, re- Oct. 1. gardless of amount paid on Common. Transfer Agent: The Company, Crock-Entitled to $110 plus accrued divi- er Bldg. San Francisco. 2. COMMON STOCK Voting Trust: 201,2561% shares of Ex-Dividend: 4th Tuesday of precomman Jrock 0 Yoiing truss ex- vious month. piring July , v oting trustees: : : F. W. Bradley, S .A. Eaton, Wm. Transfer Agent: The Company k Houghteling, D. J. Murphy, C. R. John- Listed: On Spokane Standard Stoc son. Exchange. Dealt in on Seatle Curb Ex-Dividends: Payable monthly, on 5th change and New York Curb. of the month: 1916, $5.25; 1917, f¢ Price Range: *1930 1929 1928 1927 1918, $4.75; 1919, $3.50; 1920, $6; 1921, $. High .ceeceeeeeo 100 165 160 156 1922, $3.25; 1923, $5; 1924. $6: 1925 to LOW .orcececnennes 65 981; 108% 67% 1929. incl., $9 per annum. *To July 1. COMPARAMIVE INCOME STATEMENT, Years Ending Dee. 31 099 1928 1927 and 67 $6,932,271 STE hou 4,365,082 $2,567,189 789,961 $3,357,150 698,163 $2,658,987 50,628 2,943,000 EY 1 334.641 Dec. 31 1927 $43,742,388 Net INCOME wrecee + + eveevemcanneennnnen 2 ES Preferred Dividends ....cccoccinmnnens - Common Dividends «oooeeemrereremnresascasceeeee 2 227 Deficit for year........ Co eeeeneeeees 079,967 COMPARATIVE CONSOLIDATED BAL ANC ~ 3IIED 7 we ws ASSETS— 1929 o Capital ASSetS ..o.coeveeoroeeeemeeeereeaeeceeecennen- $47,677,851 46,495,61F Current Assets: CaASN oer a erence rman nnn nares Accounts Receivable a.m Notes Receivable ......... Accrued Interest oie Becurities at QCoBt.....ocemimsmevimmsssnsansss Inventories ......... - elim Deferred Charges .. I. 91,913 919,885 176,524 25,954 1,676,284 1,706,778 22 038 Total Current Assets... __ Other Assets .... means TOTAL ASSETS ooo =E1193.55( o. 0,380 265.694 R00 Yr $48 538.463 LIABILITIES— Current Liabilitie-Notes Payable .......... Accounts Payable . Accident Awards ....... Misc. Tax Reserves.............. All other liabilities, ine¢! ° Total Current Lic’ Common Stock .. Preferred Stock .. Normal Surplus ...... Revaluation Surplus ... TOTAL LITIABILITIFEF a 1€e some tz an ms A AN 620.000 ud “8F "RE 25,000 © 0d 11 £5 SP | +” BUTTE COPPER AND ZINC COMT GENERAL OFFICE: Butte, Montana. EXECUTIVE OFFICE: 42 Broadway, New York City. HISTORY: Incorporated under laws of Maine, Nov. 22, 1904. PROPERTY: Owns total of 108 acres, located in center of city of Butte, Mont, along the Black Chief vein. Property is operated under lease by Anaconda Copper Co., which receives 50% of net earnings. SHIPMENTS: 1925, 156,997 tons; 1926, 146,988 tons; 1927, 145,853 tons; 1928, 154,-869 tons; 1929, 161,941 tons. OFFICERS: A. J. Seligman, Pres.; Albert Fries, Vice Pres.; A. lL. Bailey, Sec'v. Treas. GENERAL AUDITORS: Pogson, Peloubet & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Wed. in March. CAPITALIZATIO™ Par Value Authorized Capital Stock ....... $5 $3.000,000 Details: Anaconda Copper Co. owns $798,500 of capital stock. Dividends: 1918, 50c; 1923 to 1926, ‘nel, 50c annually; 1929, 50c. Transfer Agent: Bankers Trust Co, New York. Registrar: New York Trust Co, COMPARATIVE INCOME STATEW Outstanding €3.000.000 Ex-1927 Fi “4 Income from Operations Other Income ..... Total Income ......... ... Expenses and Taxes .......... Net Tncome BALANCE SHEET, ASSETS Plant and Equipment..................$ 100,000 Mines & Mining Claims............ 3,364,886 Accounts Receivable ___...____... 8,652 Investments viene. 190,925 Cash . eens 14.824 TOTAT., ASSETS]. e292 67Q 9287 Nn . Dec. 31, 191¢ iF LS Capital Stock ...... Depreciation Reserve ...... Accts. Payable, etc. Profit & Loss Surplus... TOTAL LIABILITIES ............$3.679.,287 ..$3,000,000 .... 100,000 14,668 564.619 BUTTE & SUPERIOR MINING COMPANY GENERAL OFFICE: Butte, Montana. HISTORY: Incorporated under laws of Arizona, Oct. 2, 1906, as Butte & Superior Copper Co. Name changed in 1916. In 1924 acquired Butte-New York Copper Co. In 1928 acquired North Butte Extension Development Co. BUSINESS: Mining zinc and copper ore. Company's mill was dismantled in 1924 and since that date ore has been sold or shipped to custom smelters PROPERTY: 321 acres in north central Butte mining area. DEVELOPMENT: 22,879 ft. of drifts and cross-cuts; 4,554 ft. of rises; total, 27.-433 feet. ORE RESERVES: Dec. 21. 1929 estimated at 183.048 tons of zinc ore. 418 THOMSON'S MANUAL OFFICERS: D. C. Jackling, Pres.; Charles Hayden, Vice Pres.; A. J. Ronaghan, Sec’y.; J. R. Dillon, Treas.; R. B. Hindle, Asst. Treas.; E. V, Daveler, Gen. Mgr.; H. D. Cooley, Jr.,, Cashier; Joseph M. Foley, Mine Supt. DIRECTORS: D. C. Jackling, Charles Hayden, A. J. Ronaghan, E. V. Daveler, J. R. Dillon. GENERAL AUDITORS: Loomis, Suffern & Fernald. CAPITALIZATION: : Par Value Authorized Outstanding Capital Stock .. ve eee eeeeee $10 $2,901,977 $2,901,977 ens asd $2.25; 1915, 3: Co., New York. y $34; 7, $6.65; none since. ap- S : . ital distribution, from depletion re- vo Lo istrar Guaranty Trask 06. New serve, 1922, 50c; 1923, $1; 1925 to 1929, incl.,, $2 each. Listed on: New York Stock Ex-Transfer Agent: Equitable Trust change. COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 1928 1927 Operating Revenue .......cooecencnaneeee $2,115,632 $2,117 876 $2,670,697 Operating Costs .oceoeoeemieieeceeee eevee aeeene. 2,133,916 2,064 M63 2,360,803 © 309,894 556.759 Net Earnings ............. Other Income .... oeeeieeieeiaanen Total INCOME weorreeee = =. Depreciation oo. es TAKES coir eee eeeeate meme emamnemaa anne ann 027 Net Income ....... eee =DH,983 =3 COMPARATIVE BALANCE SHEET, A: of Dec. 31 ‘ecg 1928 701 21,243 L108 R,725 351 5,454 861 005 eeeenmeans 290% 873.959 nt BR” n= 652 .200 06.741 o "979 911 ASSETS— Shipments in Transito.....cocoooeee oot reeeenennes Materials and Supplies....... .. . Accounts Beceivable ..c.cossmrmmmssmmmssesmes Prepaid INSUTaNCe eee eeeccaeeaecaeanennan. Deferred Charges ......... Cash 1927 5 129,977 92,196 8,114 734 1 476.845 Total Current Assets... eeneea-$1,001,580 INVERUINEITE covmmrmmsimmimiie rs ssi isssss ares areas Ariss Sasiuyusys Mining Claims and Development.................. © °°," ¢ Plant and Equipment....... rcanmnnnnnnnnaneen 2, TSR RY Co ...%6.9783.. TREC rn $1,707,866 188.105 3,176.391 2.773.674 $7.846.036 "86,6 TOTAL ASSETS enn... ~ ce 7 LIABILITIES— Accounts Payable ... Payrolls Accrued ......... Reserve for Taxes AQ C7 n St. 44 R71 # 55,209 32,409 75 140 29 7.6 Total Current Liabilities.......... Depreciation ReServe oie, Insurance ReSerVe aon a Capital Stock ....... RT, Surplus ... eet eee eeemaenmmmnanan TOTAL LIABILITIES oer 56.97% $ 162,758 2,604,157 39,308 2,901,977 2.137,836 27. 846.036 $7.580.1°17 CALLAHAN ZINC-LEAD COMPANY GENERAL OFFICE: Wallace, Idaho. HISTORY: Incorporated under laws of Arizona, June 12, 1912, as Consolidated Interstate-Callahan Mining Co. Name changed to present in 1920. BUSINESS: Company operates lead and zinc mines in the Coeur d'Alene district of Tdaho, near Wallace. Interstate Property: Comprises 1030 acres in Nine Mile Canyon, 7 miles northeast of Wallace. From 1915 to 1923, property produced 298,379 tons of high grade zinc and lead concentrates and 43,908 tons of crude lead and zinc ore. On account of low price of zine, property has not been operated since 1923. Property is being kept in condition for resumption of operations when market conditions permit. Galena Mine: 99 lode claims, approximately 1620 acres, lying immediately west of city limits of Wallace, Idaho. Mining of this property started in 1926 and continued until Oct., 1928, when, on account of low grade of ore, operations were discontinped. Development work has continued, however, and the management’s report of 1929 indicates promising disclosures in the south vein. ‘19 Mill: Company owns a 20-cell minerals-separation flotation unit, with present capacity of 200 tons daily. OFFICERS: Donald A. Callahan, Pres.; M. G. Rodearmel, Vice-Pres.; C. WwW, Newton, Secy.-Treas. & Gen. Mgr. DIRECTORS: Donald A. Callahan, Wallace, Idaho; M. G. Rodearmel, Minneapolis, Minn.; C. W. Newton, Wallace, Idaho; John Borg, Hackensack, N.J.; Joseph B. Cotton, New York City; Chas. H. Borg, Englewood, N.J.; Gust Carlson, Duluth, Minn.; John S. Macnie, Minneapolis, Minn.; Max T. Smith, Wallace, Idaho. Fiseal Year Ends: Dec. 31. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding $10 $10,000,000 $7,245,920 Transfer Agent: Title Guarantee & Trust Co., New York. Registrar: Registrar & Transfer Co.. New York. Capital Stock ...ccoeeneneee. Details: Capital stock increased from $5,000,000 to $10,000,000 in 1922. Dividends: 1915, $5.50; 1916, $6-$2.50; 1918, $1.25; 1919, none: 19:9. none since. COMPARATIVE INCOME STATEMENT, Years Ending Dec, 31 qQ92q9 ey 1927 340,881 750,555 18.207 Gross Revenue .... . Cost of Production........... .... General & Maintenance Ex p....... Net Earnings ....... Other Income .. Income Before Depletion ........ Deficit. BALANCE SHEET, Ax of Dec. 31, 1926 ASSETS IAD! TITIES Property Account . Cash ...ccoeee.. © Accts. Recei' Marketable Se: ~~ Supplies aceececeeaeaes Stocks in Other Comt Prepaid Expense Deficit $5,436,313 15,632 0,327 6,430 1,127 0,812 .,994 nag, 163 RO70. 799 Capital Stock .......... ce .....$5,693,321 Depletion and Deprecic“ mn... 2,365,748 Taxes and Wages........... co. .... 5,826 Accounts Payable .................... 6,905 TOTAL LIABILITIES ...........$8.070.799 TOTAI, ASSET THE CONSOLIDATED MINING & SMELTING CO. OF CANADA. LTD. GENERAL OFFICE: Trail, British Columbia. HISTORY: Incorporated under laws of Dominion of Canada, Jan. 1, 1906. A consolidation of War Eagle Consolidated Mining & Development Co., Ltd., St. Eugene Consolidated Mining Co., Centre Star Mining Co. and Rossland Power Co. and the smelter at Trail, B. C. . In 1911 the Fort Steele Mining & Smelting Co. was acquired, including the Sullivan mine. In 1916 the West Kootenay Power & Light Co. was acquired. couver Island, were acquired. In 1919. controlling interests in the Sunloch and Coast copper mines. on Van-In 1924, the Silver King mine was acquired. In 1927, 51% interest in George Copper Mining Co., on Portland Canal, was acauired, and in 1929, 429%, making total of 93% held by the company. ] In 1927, the company, through the formation of the Buena Vista Mining Co, took over development of property on Portland Canal, B. C.,, owned by the Big Missouri Mining Co. 53% of Buena Vista belongs to the company and 47% to the Big Missouri Mining Co. In 1929, development bond was taken on the property of Iva Fern Mines, Ltd., Nelson, B. C. BUSINESS: Company owns and operates mines, smelters, concentrators and hydro-electric plants, being one of the principal producers of non-ferrous metals in Canada. In addition to smelting and concentratig its own ore, companv conducts a custom business. PROPERTY: Company's smelter at Trail, B. C., has daily capacity of 300 tons of copper ore; 1,500 tons lead ore and concentrator capacity of 2,400 tons daily. At Kimberley, B. C., company operates a smelter with daily capacity of 6.000 tons of lead and zinc ore. . Company's principal operating mine is the Sullivan mine in the Fort Steele division of B. C.. which produces 5.000 tons of lead-zinc ore daily 420 THOMSON'S MANUAL SUBSIDIARY: West Kootenay Power & Light Co. Ltd.; operating three hydroelectric plants, with total daily capacity, 170,000 h.p. OFFICERS: James J. Warren, Pres.; W, L.. Matthews, Vice Pres.; S. G. Blaylock, Vice Pres. & Gen. Mgr.; T. W. Bingay, Vice Pres. in charge of finances; W. M. Archibald, Vice Pres. in charge of mines; W. S. Pugh, Vice Pres. in charge of sales; J. BE. Riley, Sec'y. DIRECTORS: James J. Warren, J. C. Hodgson, Ross McMaster, Henry Joseph, E. W. Beatty, Sir Herbert S. Holt, W. A. Black, Montreal; W. L. Matthews, Thayer Lindsley, F. Gordon Osler, Toronto; S. G. Blaylock, Trail, B. C.; Hon. R. R. Bruce. A. C. Flumenfelt, Victoria, B. C.; Blake Wilson, Vancouver, B. C. GENERAL AUDITORS: Helliwell, Maclachlan & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: April. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized cee $25 $15,000.000 DETAILS OF STOCK Subscription Rights: Stockholders of Transfer Agents: The Toronto Genrecord May 31, 1930, have right to sub- eral Trusts Corp. Toronto; The Royal Sorine for 240% ima) Stock a $200 2 Trust Co., Montreal. share on basis of one for each twenty Registrars: Montreal Trust Co. held. Stock issued July 15, 1930. Trusts & Guarantee Co., Ltd., Montreal. Dividends: Jan. 1, 1916, to Oct. 1, 1920, incl, 621% cents quarterly: mone Listed on: Montreal and Toronto thereafter to Dec., 1923, when $1.50 Stock Exchanges. was paid; 1924 and 1925, $1.50; 1926, Price Range: $1.50 and $8 extra; 1927-28-29, $2.50 1929 1928 1927 1926 1925 1924 regular and $10 extra; Jan. 15, 1930, High.... 575 400 265 264% 184 50 $1.25 and $5 extra. Low..... 210 237 2601773 48 30 COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 1928 1927 1926 Gross Sales .ceececememmeceremmeeeaneeeeeean $35,707,220 $34,426,850 $35,747,727 $37,486,910 Cost of Sales & Expense ............... 23,547,169 22,412,58¢ 21,138,785 21,845,029 Net Earnings ... vane 12,7006, <. 5,641,881 Other Income .. R70.00+ 479.172 Total INCOME ovine — Depreciation and Depletion......... Interest, Insurance, etc. ................. Employees’ Pension _.. an. Taxes ___ ner qn, se 121,053 878.113 227.678 00.000 287.864 “em a8 08,493 6 948 90F a Net Income ............... Dividends coeeee vi ooo SUrplus eee A P<“ 3 Br ue COMPARATIVE CONSOLIDATED BALANCE SHF ° as of Dee. 31 ASSETS— Mines and Claims.....ccooooeeenna... Plants and Equipment... Inventories .....c........ Materials and Supplies. ..................... Accounts Receivable ................. Dominion Bonds oo... ABN, nmin ems Prepaid Items .... TOTAL ASSETS LIABILITIES— Capital Stock ......... em maaeaneennea- $12,751,200 Premium on Stock.. 2,294,520 Accounts Payable ....... 3,977,471 Dividends Payable _. 3,191,337 Reserve for Taxes... 1,046,081 Insurance Reserve . een eens 786,105 Pension Reserve ..... team aem a naaaan 321,446 Property Reserve ..... oie. 2,422,825 Contingent Reserve ..._.... __ 3,000,000 Surplus .. + eeeeeneeen 13,493,459 TOTAL LIABILITIES ..re.. 055,284 4 14 1927 $10,844,370 13,024,850 4,309,161 2,788,960 2,201,931 3,675,601 1,629,340 7.427 $48.381.440 ceeeeenaee $13,767,657 4.633.481 £507,174 1,969,007 " 495,32¢ -,92F $12,581,584 {2.586.504 5'120,329 © 08,736 0 £ 25.953 1928 $E0.412.645 $12,736,575 2,294,520 1,692,198 3,187,406 1,097,008 657,794 306,139 1,194,152 ©,000,000 13,247,852 $50.413.645 $12,721,575 2,294,520 2,020,861 3,183,816 1,682,734 560,605 291,561 9,426,072 3,000,000 13,199,696 $48 2381.44 "INE: 21 EAST BUTTE COPPER MINING COMPANY GENERAL OFFICE: Butte, Montana. EXECUTIVE OFFICES: 85 Devonshire St., Boston. HISTORY: Incorporated under laws of Arizona, Nov. 2, 1905. PROPERTY, ETC.: The Dutton claims, comprising 132 acres in the Butte Mining area. Company owns 260 acres of lime quarries at Limespur, 40 miles east of Butte. SUBSIDIARIES: 929 stock of Pittsmont Copper Co.; 619% stock of Tonopah Western Consolidated Mining Co. 1922 purchased Dives Pelican group of silver lead mines. OFFICERS: R. H. Grass, Pres.; P. F. Beaudin, Vice Pres. & Gen. Mgr.; W. P. Everts, Sec’y.; Frank P. Son, Treas. & Asst. Sec'y.; L.. A. Thulin, Asst. Treas. DIRECTORS: R. H. Grass, F. P. Son, W. P. Everts, Stephen Paine, FF. W. Paine, D. H. Grass, P. F. Beaudin. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Mon. in April. CAPITALIZATIOT -ar Value Authorized Outstanding Common Stock .... +10 $6,000,000 $4,248,870 Registrar: Federal National Bank, Boston. : Listed on: Boston Stock Exchange. Price Ran ¢-g <enf 1027 1926 1925 EEA 1A Dividends: Initial dividend of $1 per share paid June, 1917; Dec. 24, 1917, $1 per share; 1918, $1.50; 1919, 50c¢, and thereafter to Dec. 21, 1929, 25c¢ paid. Transfer Agent: Boston Safe Depos-'t & Trust Co., Boston. COMPARATIVE INCOME STATEMNM—® PT yee “nding Dee. 31 Q { 1927 566,263 5,495 £92 nRY0 Gross Revenue ...... .. Depreciation .........o.ccooeeeeeene.. Dperating Expense ................ Net Income ...._ Deficit PALANCE SHEET, As of Dec. 31, 1929 LIABILITIES Capital Stock ........ Accounts Payable Other Liabilities ..... Deficit .............. ASSET Property & Equipment Accounts Receivable . Notes Receivable Cash .............. U. S. Bonds....._.. Deferred Char—-1,109,975 08,176 .0,000 9,196 2,627 12,529 ee %4.162.508%3 $4,248,870 45,648 216,161 348.175 TOTAT. ASSET TOTAL LIABILITIES _...........%4.162.503 FEDERAL MINING & SMELTING COMPANY OPERATING OFFICE: Wallace, Idaho. . EXECUTIVE OFFICE: 120 Broadway, New York City. CONTROL: By American Smelting & Refining Co. HISTORY: Incorporated under laws of Delaware, June 25, 1903. Acquired property of Empire State-Idaho Mining & Development Co., Standard Mining Co. in [daho. Also acquired a smelter at Everett, Wash.,, which was later disposed of. Company has since acquired numerous properties in the Coeur d'Alene district of Idaho. In 1919 the company entered the Kansas, Missouri, Oklahoma zinc-lead field by purchasing the Brewster mine in Oklahoma and later numerous other properties in the tri-state field. In 1903 company entered into a contract with the American Smelting & Refining Co. to sell the latter the output of its mines. This contract has been extended from time to time and is now subject to termination anv time after Aug 31, 1932, on six months’ notice by either partv PROPERTIES OWNED: Idaho: Morning, Page-Blackhawk, Independence (leased). Oklahoma: Brewster, East and West Dobson, Gordon, Lucky Syndicate. Lucky Bill, Quapaw Davenport. Kansas: Kansouri, Jarrett, Muncie, Tar Creek, Homestake (1 interest) Missouri: Granby-American, Granby-Davis. ENERAL OFFICERS: F. H. Brownell, Pres.; H. A. Guess, Vice Pres. & Managng Director; William Loeb. Vice Pres.: F. C. Druding. Treas.: J. L. Martin. Sec'y.: L. THOMSON'S MANUAL J. C. Emison, Asst. Treas.; F. G. Hamrick, Asst. Treas.; Charles Earl, Asst. Sec’y., all of New York; Frederick Burbidge, Gen. Mgr.; H. G. Washburn, Asst. Gen. Mgr.; A. W. Hoover, Accountant, of Wallace, Idaho. DIRECTORS: F. H. Brownell, Chairman; H. A. Guess, E. L.. Newhouse, William Loeb, Roger W. Straus. GENERAL AUDITORS: Haskins & Sells. Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Mon. in April. . CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized Outstanding 7% Cum. Preferred Stock............... $100 $20,000,000 $4,310,100 Common Stock .... ceeeeeee $100 $10,000,000 $5,032.800 1. 7% CUMULATIVE PREFERRED STOCK Provisions: Has preference as to as- 1926, 6%; March, 1926, $7.25 paid all sets and dividends. cumulative dividends. Callable: As a whole or in part by Transfer Agent: D. A. Crockett, New lot or pro rata at par, with consent of York. 2% of Common. Registrar: Chemical Bank & Trust Voting Power: No voting power un- Co., New York. less to increase Preferred or on default Listed on: New York Stock Exof dividends. change. Dividends: 1918, 79%; 1919, 334%; Price Range: 1920, 6%; 1921, 49%; 1922, 43%. Begin- 1929 1928 1927 1926 1925 1924 ning March, 1925, 79% per annum. Spe- High.... 102 102% 97 105 997% 64% cial dividends Jan. 26, 1926 and Feb. 16, Low...... 95 911 75% 61 491% 411; 2. COMMON STOCK Details: American Smelting & Re- Transfer Agent: O. A. Crockett, New fining Co. owns $3,005,200 of Common York. stock. Registrar: Chemical Bank & Trust Voting Power: Sole voting power. Co., New York. Dividends: 1904, 41%9%; 1905, 10%; Listed on: New York Stock Ex-1906, 179%; 1907, 14% %; 1918, none; Jan. change. . 15, 1909, 1%9%:; none thereafter until Price Range: Mar. 16, 1926; $10 paid June 29, 1927; 1929 1928 1927 1926 1925 1924 no dividends thereafter to April 15, High.... 310 230 187 1113; 951% 24% 1930. Low...... 170 120 60 41 151 51; COMPARATIVE INCOME ACCOUNT, Years Ending Dec. 31 L929 1928 1927 10,200 © emer no $10,122,172 7.63¢ SE ’ 7,628,183 2,493,988 223,703 717,691 465.985 Value of Production.........ocooicmimaanee Cost of Production, ete. o.oo... Operating Profit ...... Other Income .... Total INCOME. ......ccommevrvinssssns Exp., Deprec., Tax Expense......... SNELL INCOME covimsimmssmmmsmissonsesyumsmpwnisyves Dividends oo... veer . mm mmimiiice *Refore denlietian. 251.705 1 &-° lO. BRALANCE SHEET, As of Dec. 31 1929 Property ACCOUNt «oii ierieeeeeeneee = eeeeeeeennnnnenemeneeneeneee $18,933,632 Investments .... ARBRE 274,292 Cash .......... eee een eee aera mmmnt 292,609 Call Loans ....ce.... eee enon amo eee e en en rman 900,000 Government SeCUTItIeS oie cv oil oer meen eames 610,000 Notes and Accounts Receivable... .....oooiiiiiieeeecceeacees 226,920 Ore on hand and in transit..............ccoeeeeen.ee NE 502,500 Materials and Supplies. ....ccereeeeeeceeeeenns mrman pn. 233,719 Prepaid EXDENSE ooceeeereer oeeeeeeeeeeeeeeaeraeanaee eee ees 64,255 Branch Office TLE S. o.oo eoeeoeeeeeeeeeeeceeemeeemeemcamneeeeemceeannane 1,398 TOTAL ASSETS ...... ....... eeeennne $17,039,325 1928 $13,592,192 275,059 247,331 1,200,000 610,000 462,489 364,227 218,457 10,111 {71 $16.980,737 LIABILITIES— Preferred Stock .ooooci ios cee ae I. Common Stock ..ooeeeioeniinie. ili Accounts Payable oir ee ieee een eeemaaan TAX RESOTVE comirmsimiomiesins s6stiannminmmmnent Si eiiiisi iis sai RE Sse a Miscellaneous ACCOUNLS «oo oo eee eeeeeeeeaeeeerem remem mmemmeannes TOTAL LIABILITIFS ........ eee $17,039,325 $ 6,746,200 5,032,800 167,613 432,713 20,993 4,580.418 $216.980.737 GRANBY CONSOLIDATED MINING, SMELTING & POWER (CO., Ltd. GENERAL OFFICE: 789% West Pender St., Vancouver, B. C. EXECUTIVE OFFICE: 25 Broad St.,, New York City. HISTORY: Incorporated under laws of British Columbia, March 29, 1901. Acquired properties and assets of Ironsides Mining Co., Knob Hill Gold Mining Co., Ltd., Gray Eagle Gold Mining Co., Ltd., Granby Consolidated Mining and Smelting Co., Ltd., and Grand Forks Water Power & Light Co. Company later acquired Snowshoe Gold & Copper Mines, Ltd, Hidden Creek Copper Co. and part interest in Crow's Nest Pass Coal Co., Ltd. In 1923 acquired control of Allenby Copper Co. DPERATIONS: Company operates Hidden Creek mine on Portland Canal and smelter at Anyox, B. C. Operates Copper Mountain mine, near Princeton, B. C, and concentration at Allenby, also near Princeton. Operates colliery at Nanaimo. Vancouver Island and also at Fernie, B. C. SUBSIDIARIES: Hidden Creek mine at Anyox, B. C.; coal and colliery plant on Vancouver Island, Allenby Copper Co., Granby Metals Corp. Crow's Nest Pass Coal Co., Litd., half interest Coastwise Steamship & Barge Co. Ltd. OFFICERS: Charles Hayden, Chairman of Board: Charles Bocking, Pres.; H. Harvey. Sec'y.; H. R. Plommer, Treas. DIRECTORS: Charles Hayden, Charles Bocking, J. B. Beaty, N. L.. Amster, Edwin Thorne, R. P. Butchart, D. C. Jackling, A. J. Ronaghan, J. R. Dillon. EXECUTIVE COMMITTEE: N. L. Amster, Chairman; Charles Hayden, J. B. Beaty, A. J. Ronaghan. GENERAL AUDITORS: Peat, Marwick, Mitchell Fiscal Year Ends: Dec. 31. Annual Meeting: Number of Employees: 2,000 in 1928 CAPITALIZATION: Capital Stock .... Dividends: 1910, 29; 1911-12. none; 1913, 3%; 1914, 69%; 1915, none; 1916, 6%; 1917, 8%: quarterly rate increased to 2%9% in Jan. 1917; thereafter until May, 1919, when 114 9% paid; none thereafter. Distributions from depreciation reserve, 1927, 3%; 1928, 1%; 1929, 79%. Transfer Agents: Title Guarantee & COMPARATIVE INCOME ACCOUNT, Years Ending Dee. 31 ‘929 1928 1927 "a € 942,297 2.411,949 © 091,1%¢ 5,597,482 521.29F 332,239 1926 8,718,232 3,337,521 379,247 Net Earning Other Income Q 3 2 0 #1,4565,L28 ~1 38 n fn Total Income Interest ................ Depreciation ... 5 0 Profit ..... Depletion ..... Surplus Dividends Surplus... -Deficit " CONSOLIDATED RB “LANCE SHEET, As o 1929 1928 3.848.916 1,633,999 6,307,459 7,406,168 579,056 579,056 3,969,308 24,106 ? 560.857 14,642 102,297 "£507 39.763 Tons ASSETS— Mines and L.ands............ Plant and Equipment. Securities .......oooooocoeeeooon. Cash and Call Loans. . Inventories .........oo..o...... Accounts Receivable ........ ... Deferred and Prepaid Ttems...... TOTAT, ASS" LIAPTF.JT» Capital Stoc'-Bonds .........o......... Accounts Payable _.. Accrued Liabilities .... Deficit .ooeeeoieeeea TOTAT, LIABILITIES 7 107 656 SQ 259 ™~ 25,99¢ 290 9. N7 RRA Dec. Hi 1927 5,410,257 8,640,885 579.056 698,074 688,832 101,981 IER TRY 5 1 1926 6.338.299 9,608,116 579,056 1,308,957 238,681 12,672 24.353 0 La) ne 02 J 38s 2 Ll. THOMSON'S MANUAL HECLA MINING COMPANY GENERAL OFFICE: Wallace, Idaho. HISTORY: Incorporated under laws of Washington, July, 1898, succeeding an Idaho corporation of same name, organized in 1891, owning the Hecla and Katie May claims in Coeur d’Alene mining region. In 1916, company entered into agreement with Bunker Hill & Sullivan Mining Co. for operation of Star Mining Co. and Sullivan Mining Co. on a partnership basis. Company began in 1928 to develop the Union mine in British Columbia. OFFICERS: James F. McCarthy, Pres.; W. J. C. Wakefield, Vice Pres.; L. E Hanley, Sec’'y.; Leo J. Hoban, Asst. Sec’'y.; James F. McCarthy, Treas.; L. E. Hanley, Asst. Treas.; Leo J. Hoban, Asst. Treas. DIRECTORS: L. E. Hanley, Wallace, Idaho; Glarence F. Kipp, Milwaukee, Wisc.; Carl Landsee, Milwaukee, Wisc.; James F. McCarthy, Wallace, Idaho; George P. Mayer, Milwaukee, Wisc.; E. J. Nolan, Los Angeles, Calif.; W. J. C. Wakefield. Spokane, Wash. : Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in April. CAPITALIZATION: Par Value Authorized Outstanding Capital Stock ........ rmmseanieay BDO . $250,000 $250,000 Dividends: 1913, 32c¢c per sh.; 1914, Registrar: Chatham Phenix Nation-22c¢; 1915, 56l5h¢c; 191A, "55; 1¢° 7 $1.60; al Bank & Trust Co., New York. 1918, 35c; 1919, 60c; ~. BExrs ?1, 50c; Listed on: Los Angeles Stock Ex-1922, 95c; 1923, §$. on ow bp 1925, change, New York Curb, Seattle Curb and 1926, $2; 1927, 1928. 70c; 1929, Price Range: 90c. 1929 1928 1927 1926 1925 1924 Transfer Agent: Security Transfer High... 237% 18 181, 191; 181% 131 and Register Co., New York. Low.... 10 13 128 151%, 121; 854 COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 1929 1928 1927 eeemeennaeany 3,063,3GF cad $3,672,113 een 1,482,61¢ 1,646,802 $2,02F,311 18.485 2,796 R6R,106 23,690 + 000.000 © 575,690 1.58 Net Income .......... Common Dividends ..... Surplus for the year... . Earned. per share Common stock......_... . fi. COMPARATIVE CONSOLIDATED BALANCE SHEET As of Dec. 31 ASSETS- "29 1928 Cash covvswumsssisniemmistinies "4,338 109,803 Ore in Transit ........... ..6,594 311,927 Accounts Receivable .......... “9,367 16,683 Interest Accrued ...... iii. . 1,064 10,5625 U.S. BOTA cae e eee eee aan emer enna na 2 2,486 1,196,514 Materials and Supplies... .. ne ~55,431 266,406 Insurance Prepaid oan aan a aK] 11,954 IVE SI ONES eee eeeam eee eee enema nen ’ 2,645,578 Property and Plant. ...ooooooooeeeaens ~- 1,134,629 $5.704.019 LIABILITIES— Taxes Accrued .._... Accounts Payable ..............._. Notes Payable oars CHOTEH) BLOCH comms sori to soe siatnn nn dE HERR EEARRE Earned Surplus oie eens TOTAL LIABILITIES “647 070 146% 2199 2,000 9,000 spat ORF $ 219,529 128,882 450,000 250,000 4 655.608 $6.474.6"%( $5 704.0109 HOWE SOUND COMPANY GENERAL OFFICE: Britannia Beach, British Columbia. EXECUTIVE OFFICE: 730 5th Ave., New York City. HISTORY: Incorporated under laws of Maine, Aug. 22, 1903, as holding company. PROPERTIES: Britannia Mining & Smelting Co., Ltd., located on Howe Sound, near Vancouver, B. C., equipped to handle 5,000 tons of ore daily. El Potosi Mining Co., a New Jersey corporation, owning mining properties in Mexico. . oid Calera Mining Co. Inc., New Jersey corporation. owning Mexican mining properties. OFFICERS: Wm. J. Quigly, Pres.; Reeve Schley, Vice Pres.; W. J. Walworth, Vice Pres. & Sec'y.; Emil Richter, Treas. & Asst. Sec'y.; C. P. Charlton, Asst. Treas. DIRECTORS: IE. B. Schley, Chairman of the Board; H. M. Hanna, Nelson Robinson, Wm. J. Quigly, Reeve Schley, I. B. Schley, Chas. E. Dunlap, P. D. Wagoner, W. J. Walworth. EXECUTIVE COMMITTEE: E. B. Schley, Chairman; Wm. J. Quigly, W. J. Walworth, Reeve Schley, Nelson Robinson. Fiscal Year Ends: Dec. 21 Annual Meeting: 3rd Mon. in March. CAPITALIZATIO! Par Value Authorized Outstanding Capital Stoek ... No Par 600,000 shs 496,038 shs Voting Trust: Stock is deposited un- Registrar: Chase National Bank, der voting trust agreement, expiring New York. Dee. 15, 1935. ; 4 ile - Tove Dividends: 1918, 15c; 1919, 20c; 1920, poneer ©": New York Stock Ex J0c; 1921, none; 1922, none; 1923, 15c¢; : 1924, 5¢; 1925, 50c; 1926, $2.50; 1927, $4 Price Range: L928, $4; 1929, $4. 1799 1927 Transfer Agent: Bankers Trust Cc High .... 4834 New York. LOW wocossnionnutrn 3434 CONSOLIDATED INCOME ACCOUNT, Years Ending Dee. 31 [a29 or Total Income ............ Expenses and Taxes... Depreciation .... 1926 009,077 Lg Ro" { Profit ..... Dividends ..._. *Surplus .....o......... *Before depletion COMPARATIVE CONSOLIDATED BAI ASSETS— 1929 Mining Property ..... ..311.449,200 Inventories 698,359 Accounts Receivable ..._.. 598.724 Metals on hand................. 16,354 Government Bonds .... 49,820 CASD omens ‘©8285 Call L.oans ......_._... 79,333 Deferred Charges 114,692 TOTAL *S3™ ’ TT 4, 0D, LIABIL.™ Capital Stock Reserves ........ccccoceeeee. Accounts Payable _............__. Dividends Pavable surplus _. *, 174.646 037,42¢ "69,87. :44,05 269 © of TOTAT, LTARIIITIES _ .$20.194.7¢ TE SHE] 1928 2,176,166 544,826 e607 7 * 74,646 2 261 S 5,028 96,3532 2 219.116 Jt 1927 2,594,399 663,958 134,903 4701 “03 58 & i nab we 3,174,646 605,156 539,671 496,03¢ 13.031.41¢ 317 R48 997 1926 516,859,574 691,843 269,061 226,167 658,244 ‘89,819 532,833 37.497 25.465.03 3,174,646 5,642,560 628.500 $196,038 N.523 294 202 465 02 KENNECOTT COPPER CORPORATION GENERAL OFFICE: 120 Broadway, New York. HISTORY: Incorporated under laws of New York, May 4, 1915. Acquired property of Kennecott Mines Co. and Beatson Copper Co. The latter includes Bonanza and Jumbo mines, located at Kennecott, Alaska. Dec. 14, 1915, by increase in stock, acquired Braden Copper Mines Co., Utah Copper Co., Copper River and Northwestern R.R., and Alaska Steamship Co. OFFICERS: Stephen Birch, Pres.: E. T. Stannard, Vice-Pres.; James Dean, Asst. Secy. and Treas.; C. T. Ulrich, Secy. and Treas.: John N. Steele. General Counsel: E. W. Thornley, Purchasing Agent. DIRECTORS: Stephen Birch, Edmond A. Guggenheim, Henry O. Havemever, Henry S. Morgan, Seward Prosser, John N. Steele, F. S. Chase, Murry Guggenheim, Charles Hayden, R. A. F. Penrose, Jr, W. Hinckle Smith, C. T. Ulrich, Thomas Cochran, S. R. Guggenheim, D. C. Jackling, Spencer Penrose, E. T. Stannard, George Whitney. EXECUTIVE COMMITTEE: Stephen Birch, Chairman; F. S. Chase, S. R. Guggenheim, C. T. Ulrich, Thomas Cochran, Charles Hayden. Murrv Guggenheim, D. C Jackling, George Whitney. FINANCE COMMITTEE: Charles Hayden, Chairman; Stephen Birch, Thomas Cochran, 8. R. Guggenheim, F. S. Chase. Murrv Gueegenheim. George Whitnev 426 OPERATING COMMITTEE: D. C. Jackling, Chairman; Stephen Birch, 8. R. Guggenheim, Murry Guggenheim, E. T. Stannard. GENERAL AUDITORS: Loomis, Suffern and Fernald. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Tuesday in May. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding eeeeeeeaveee. NO par 12.000.000 shs 9.385.849 shs THOMSON'S MANUAL Capital Stock ... Diiggnas: 1220-500 Je share— Reno Transfer Agent: D., A. Crockett. ti 9 when ¢ paid and quarterly ee v _—— , thereafier to Jan. 1, 1926. when $1 per Registrar: Bankers Trust Co., N.Y. share paid 1926; $4, 1927; $5, 1928; $5.25, Price Range: 1929; $5.50 (including $2 paid on old 1929 1928 1927 1926 1925 1924 stock prior to two-for-one split) Jan. High ...... 165% 156 903 641 59 513, and April, 1930, $1.25. Low ...... 150% 801% 60 493, 4615 341; CONSOLIDATED INCOME ACCOUNT, As of Dec. 31 1929 Operating Revenue ......ioncmimreeeenneceneeeeeeeoo-§ 116,128,839 Operating EXDeNSe iirc . 61,338.849 Net Revenue ...ocoooocoiiiimmninann. - Other INCOME .ooiiieiiimiiieaaaaaans 1928 $91,863,890 40,126,394 $51,737,496 4,756,151 ep Depreciation ...cceememeeeeee. TaAXCS ooeeeeeeeeeronemn 06,493,647 3,200,026 6.365.599 Minority Interest in subs... Net Income Before Depletion........ reeeeneeeee- $02,066,508 COMPARATIVE CONSOLIDATED BALANCE SHEET ASSETS— 1929 OF: 7-] + J. rermren mmm nmenssamannssnnsssssmei ERs 3. 3 1,497,604 U. S. BONAS cooieiimemiemeeeea ce ceeaan ace cacamansossersr ann. . imemmemnnzens 5,228,603 Accounts Recelvable ...ucciismimeivmsiremsinssssrcanmesvnssmnmen 7,021,084 Metals ON HANA.oooouaaoiaaee coeeeeeoeeeeeeaaeesseesnnnnnensesmnenaeaeeneneeees 20,093,742 OTe ON HAN eee eee eee amet mmm emcee nme mn eens 962,902 Materials and Supplies... eee, 7,608,569 Investments ocean eeeeomeemeeeeaneeemnee 26,731,937 Marketable Securities ....o.ccii eammmeens smn aH 1,207,854 Mine Development coocooooeeooeeeeeoeeeemeeeeseeecereesemeesremereneeene. 13,786,173 Prepaid Insurance ...... ee mre mah EERE SEER RE Rp EE 336,284 Deferred Accounts ......... nner Rn sn mm SEREE 850,491 Properties and Equipment .........cccoovimeececcecs cceceeeee.. 205.482.622 TOTAL ASSETS ........... eeennrneennn$3337,807,865 ’ 146,228,022 576.489 345 651.533 1928 $ 32,082,140 10,938,603 3,652,809 19,510,205 354,024 6,062,938 22,483,696 1,036,717 14,494,870 216,433 478,522 187.450.71& $298 761,675 LIABILITIES— Accounts Payable ...iieeeceomeeeeeeeceeeee teen een enone e 8 Refining, Bie. cei ores Papp Ls — Reserves .. eememeeceveenmeeneeanane ERR Distribution ......... ee Funded Debt .............. ee eeemm emmmmmmeenemamccecsassemcaomemnes Subsidiary Interest _....... ron wmnmnii SEES Stated Capital ................ = roman ern ERs] CAPITA] SBUPDIUS cevrrrnnnnssriennrn iii ish REESE sewn Ea ws wn iis sammie Earned SUTDIUS coooeeeemaceeeceiee scene amcecna anemone saan emmnna nn TOTAL LIABILITIES aaa 3,785,500 1,680,869 2,525,724 "30,927 ©2,000 © R01 ar Rg 2,115,024 2,284,353 7,282,364 9,102,628 2,249,130 25,000,000 128,339,432 122,388,744 131.939.4% e297. 807 $298 761.675 MONTANA COAL & IRON COMPANY GENERAL OFFICE: Billings, Montana. HISTORY: Incorporated under laws of Montana in 1889. CHARACTER OF BUSINESS: Owns and operates bituminous coal mines at Washoe, Montana. OFFICERS: T. M. Kearney, Pres.; J. M. Freeman, Vice-Pres. and Gen. Mgr.; T. W. Stockett, Secy.; W. H. Miner, Treas. DIRECTORS: T. M. Kearney, Racine, Wis.; W. H. Miner, Menasha, Wis.; G. M. Hays, Billings, Mont.; W. M. Johnston, Billings, Mont.; H. J. Coleman, Billings, Mont.; O. F. Goddard, Billings, Mont.; E. J. Berwind, New York; K. B. Schley. New York; J. M. Freeman, Washoe, Mont. GENERAL AUDITORS: Pogson, Peloubet & Co. Fiseal Year Ends: Dec. 31. Annual Meeting: 4th Thursday in May. = CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized Outstanding $100 $2.000,000 $1,955,600 Capital Stock ..... Dividends: 1919, 497: 1920, 29 - 1921, when 39% paid Jan. 2, 1930, 2159. 39%; 1922 and 1923, 6%; 1924 ana 1925, Transfer Agent and Registrar: Mid-3%; none thereafter to Tuly 1, 1929, land National Bank, Billings, Mont. TOMI ACCOUNT, Years Ended Dee. 31 29 Gross Earnings Expenses and Tax 1927 "610,962 548,732 0 50 Net Earnings Interest ... Net Income ......... Shares Outstanding ........... Earnings per Share...........ooiiiiiiiaeans STTWDED DEBT, As of vec. 31, 1929 Rate Dated Due Authorized Outstanding Ist Mtge. Gold Bonds 5% 1-2-12 1-2-42 $750,000 $193,000 Interest Payable: I! Trustee Callable: At 105 at any time on 30 affice. 30 days 'notice. . ; . CON Sinking Fund: 2c¢ per ton mined to . Trustee: Empire Trust Company, New Jan. 2, 1917; 3c to Jam. 2. 1927: fc to York. : = . Lo . Jan. 2, 1937, and 5c¢ thereafter. Registerable: As to principal and Tax Status: Company pays normal registered. income tax up to 2%. Denominations: Coupon $500 and Security: First mortgage on entire 31,000 and registered $500 and $1,000. property. * LANCE SHEET, As of Dec. 31. °° JdTIIES Property .... Marketable Ser Cash ......... Inventories .. Sinking Fur.d TOTAT., ASSET 587 00 2¢ 498 122.374 Capital Ste: Funded D. Accounts |] Dividends Pa Surplus TOTAL 1L]1A™T — ,955,600 193,000 69,091 “8.890 55.792 ?PIU2374 PREMIER GOLD MINING COMPANY, Ltd. GENERAL OFFICE: London Building, Vancouver, B. C EASTERN OFFICE: 120 Broadway, New York. HISTORY: Incorporated under laws of British Columbia in 1919. Owns Premier mine, located in British Columbia, 14 miles from Stewart. In 1919 American Smelting & Refining Co.. bought 529% interest and took over management. In 1927 company acquired 76% interest in group adjoining Porter-Idaho Mining Co. April 1928, acquired 419 of Porter-Idaho Mining Co. 1928. acauired 45% of Silverado Consolidated, Ltd. Character of Ore: Gold and silver. PROPERTY: Hydro-electric and semi-Deisel power plants, crushing and sorting house, compressors, 400-ton concentration mill and 11-mile tram. Ore reserves, Dec. 31, 1929, 419,036 tons in the Premier mine. OFFICERS: R. W. Wood, Pres.; H. A. Guess, Vice Pres. & Managing Director; H. B. Price, Vice Pres.; J. C. Emison, Treas.; F. G. Hamrick, Compt. & Auditor: E. C. Corson, Asst. Treas.; Geo. A. Brockington, Sec’y.; Charles Earl, Asst. Sec'y.: H. C. Hewetson, Asst. Sec'y.; D. L. Pitt, Mgr.; Bert F. Smith, Asst, Mgr. DIRECTORS: H. A. Guess, New York, Chairman; R. W. Wood, Birks Bldg.. Vancouver, B. C., Canada; J. F. Belford, 120 Broadway, New York City: H. B. Price, 17 Battery Place, New York City; W. R. Wilson, Fernie, B. C., Canada: Edward D. Untermyer, 120 Broadway, New York Citv: W TF. Bennett. 120 Broadway. New York City. Fiseal Year Ends: Dec. 31. Annual Meeting: 1st Tues. in April CAPITALIZATIO? Par Value Authorized Outstanding Capital Stock $1.00 5.000.000 $5,000,000 Listed on: Montreal, Toronto and Vancouver Stock Exchanges, New York Curb Market, Standard Stock and Mining Exchange, Toronto Price Range: 1929 1928 1927 1926 1925 2 31 2% 2% 2% 1 21/4 134 11, 2 128 THOMSON'S MANUAL COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 1929 co ereeeeeeeee.. $2,458,544 savas. WUBALE 1927 $3,737,665 1,579,263 $2,158,302 43,104 2,201,406 * 269.655 Gross Revenue ............... Operating Expense o.oo... .. 1928 $3,180,118 935,571 Net Earnings .... Other INCOME ae Total InCoOmMe omer FT ESE, Depreciation, Depletion and Taxes......ccc....... 1,226 ° - RL - - Net Income ......oeusss cousin Common Dividends cocoon eee © 1,751 601.062 769,311 17 Deficit for the year ...................... Earned. per share Common stock.............. COMPARATIVE CONSOLIDATED BA: ANCE S! "EET, As of Dec. 31 1927 $3,222,033 129,617 1,307,589 46,498 491,165 181,421 30,459 $5,408,782 ASSETS— 1929 Property, Bldgs. and Equipment....................$3,048,628 Investments ...... romemmemeaemeeee 129,617 CASI coerce ceeeeeneeeeetee eam eaeennescnnnannnnnnnes seeeen 1,463,445 Accounts Collectable ....coooooiiicerniieeeeeee.. 225,081 Ore SOLA cee eee emcee eras 455,002 Materials and Supplies....coccooovvceeeccccecceceeeee. 170,265 Prepaid EXPENSES .oooeiiiceccereeeneoaean 8,822 CL __%6.100.860 TOTAL ASSETS ....... . . LIABILITIES— Capital Stock and Surplus........cc.occceeee......$5,506,000 Current Accounts Payable.......................... 156,452 Distribution oc... PESO 302,671 Accrued Taxes coeeeoeeeo... RAR ENR nns & 32,185 Workmen’s Compensation .......... 3.552 $7,007,251 $6,256,644 244,501 300,703 203,784 1.619 $4,660,632 148,749 400,312 195,222 3,867 TOTAL LIABILITIES ..... .....$6.100.860 $7,007,251 $5.408.782 SUNSHINE MINING COMPANY GENERAL OFFICE: Yakima, Wash. HISTORY: Incorporated under laws of Washington, May, 1918.. BUSINESS: Operating silver. lead and zinc mine in Couer d'Alene region of Idaho. PROPERTY: Company owns Yankee Boy and Yankee Girl groups, consisting of 14 claims, located on Big Creek, south of Coeur d'Alene River, in Coeur d'Alene district of Idaho, about midway between Kellogg and Wallace. Company operates 425-ton flotation mill. OFFICERS: John Sawbridge Pres.; R. R. Kenyon, Secy. CAPITALIZATION, As of Jan. 31, 1930 Par Value Authorized Outstanding 10c 1,500,000 shs 1,488,822 shs dend of 5c per share, making an aggregate of $780,000 paid in dividends from March. 1926. to June 20. 1930. Common Stock ...... Dividends: Payable quarterly, Mar, June, Sept. and Dec. 20, to stockholders of record the 10th. On June 20, 1930, company paid its 17th quarterly divi-HALANCE SHEET. A QQmma As of Jan. 31, 1930 LIABILITIES Accounts Payable cereenenned 45,5986 Payroll eee een 25,764 DIVIACNAS ene vvmmmiiiont mun Espa prs 173 ‘ncome Tax .cocooeecceeeceeceeeeeeceeeeee. 47,612 Profit and LoOSSccocecceeeececeeeeee. 24,421 Capital eoocieeeceeeeceeeeaaneeeeaeeenee. 148,882 SUrPIUS coerce. 281,071 TOTAL LIARILITIES .............%$573.51%& OF: 7°) + WR 3 1:1 7: Notes and Accts. Receivable........ 2,497 Inventories .. . 20,087 Property .......... 75,308 Development eeoceooemcmaeee... F811 Buildings and Equipment. “7 Patents, Ete. ooo - 5 Yankee Girl ClaimsS......ccceocceeeeeee. < Treasury DepLl. ...owcovmmmmsmonsse TOTAT., ASSETS __... Fy TREADWELL, YUKON COMPANY, Ltd. GENERAL OFFICE: 1022 Crocker Bldg. San Francisco, Calif. HISTORY: Incorporated under laws of Delaware, in 1920. BUSINESS: Owns and operates mines in Yukon territory, Ontario and Nevada. SUBSIDIARIES: Affiliated with Bunker Hill and Sullivan Mining & Concentrating Co. OFFICERS: F. W. Bradley, Pres.; C. D. O'Sullivan, First Vice-Pres.; C. A. Norris, Second Vice-Pres.; J. W. Crosby, Third Vice-Pres.; F. A. Hammersmith, Secy. and Treas.; W. D. Miracle, Asst. Secy. and Asst. Treas.; D. L. Feathers, Asst. Secy. and Asst. Treas.; V. R. Prather, Asst. Secy. DIRECTORS: F. W. Bradley, C. A. Norris, C. D. O'Sullivan, I. W Hammersmith. Fiscal Year Ends: Dec. 31. Annual Meeting Number of Employees: 61% in 10° CAPITALIZATION: Common Stock ‘Value Authorized Outstanding 1 $1,500,000 $1,500,000 Registrar: The Toronto General Trusts Corporation. Number of Stockholders: 824 in 1928. Listed on: Standard Stock and Mining Exchange, Toronto; San Francisco Curb Exchange Price Range: High .. [,ow Ownership: Bunker Hill & Sullivan Mining Co., 750,000 shares; Alaska Treadwell Mining Co. 330,178 shares; Alaska Mexican Gold Mining Co. 114,-197 shares; Alaska United Gold Mining Co., 149,750 shares: Individuals, 155,880 shares. Dividends: None reported. Transfer Agent: Bank of California. N. A.. San Francisco. 1929 1928 ~ 31% 9% rd PROFIT AND LOSS ACCOUMN— Net after all charges... .......coooiiimeeaaeen. Deficit, begin of year... .......ciiaaaaaannn. Adjustments _.. een aann Deficit at year end......_........._....._ *PDeficit L929 $297,361 321,499 9,890 .....8608.971 1925 12,99¢ 39,594 5,098 «27 2 422 7371 COMPARATIVE BALANCE SHEET, As of Dec. 31 ASSET Property .. Plants .... Cash ............. Accounts Rec~’ Securities ..... Loans, Deposit. ™ Inventory ........ .. Inventory, Shipping © ean SUDDHES cee cere eee. Exploration in Progress.........cccoooooeeeeeeeeeenitoo... Deferred Charges __. ane Deficit 1929 vesnrnesnnenrvess 58, 94 4,6 36 eee. 1.215,820 46,645 80,001 3,000 13,711 128,304 28,330 627,096 140,915 182,280 08971 TOTAL ASSEN 5. ro LIABILITIES Capital Stock ..... Drafts Payable o.oo Accts. and Bills Pavable...........oooooomeei Payrolls ..eeeeeee. refine ————— Royalties Payable Bunker Hill & Sullivan... Alaska Treadwell .. rere nn————— anna Alaska Mexican ............ coi. Alaska United iii, Income Taxes Payable.....oooooooooomeeeeoeeeiine Other Liabilities .... erereenaaenee--.. $1,500,000 50,000 86,944 22,821 20,723 3,275,574 2,720,670 660,980 TOTAL, I JARII.ITIFS 22 210 714 1928 12,654,677 ' 961,413 40,709 25,147 2 000 “Nn 275 057 3 do fC “6 207 04Q° 1.500,000 50,000 28 025 56,062 1,519,660 2.466,514 113,630 150,583 10,680 1.935 6.207 092 1927 1,646,110 987,742 "05,182 18,988 2.000 369,841 1,469 vaQ7 3 oJ 2 099 1.500,000 80,000 70.516 2.285,731 907,665 R00. 407 2.772 229927 092 Hen: TT LET deat rE eWIRL THOMSON’S MANUAL OF PACIFIC NORTHWEST FINANCE IS AN AN-NUAL PUBLICATION, DEDICATED TO THE TASK OF CHRONICLING EACH YEAR, ACCURATE INFOR-MATION ON SECURITIES ORIGI-NATING IN, OR PERTAINING TO ALASKA, BRITISH COLUMBIA, IDAHO, MONTANA, OREGON AND WASHINGTON, TO THE END THAT THE INVESTING PUBLIC MAY GET THEIR TRUE PERSPECTIVE. ner “andre SECTION X. REAL ESTATE Including all Pacific Northwest operating companies whose securities are held by the public. and all real estate bond issues. ALBANY COLLEGE, Albany, Oregon FIRST MORTGAGE 6% SERIAL GOLD BONDS Authorized ..............._..._.............$150,000 Retired ............. 4,000 $4,000 Dec. 1, 1938, June and Dec. I, 1939, and June 1, 1940; $4,500 Dec. 1, 1940, June and Dec. 1 of 1941; $5,000 June 1, 1942, and $64.000 on Dec. 1 1942. Dutstanding, May 12, 1! Dated: ..Deec. 1, 1927. Due: Serially June 1. 1927, to Dec 1942. 46.000 Interest Payable: June and Dec. at trustee's office. Trustee: First Savings Dank, bany, Ore. Denominations: $100, $500, $1,000. Callable: As a whole or in part on 30 days’ notice in inverse numerical order at 101 on any interest date. Sinking Fund: §80,000 in notes dledged as collateral. $200,000 of securities the par value of which and the 10tes pledged is not to be less than 120% of par value of the bonds outstanding. Mortgageor: Albany College. Legal Opinion by: Prescott W. Cookingham, for bankers: C. E. Sox, for college. Offered by: Ferris & Hardgrove, Portland, Seattle and Spokane. at 100, Dec. 1. 1927 Property: 48 acres of land within the city limits of Albany, Ore., and the college buildings located thereon. Security: First mortgage on land and college building located thereon in Albany, Ore. $80,000 in notes owned by the college. Second mortgage on approximately 214 blocks of land within the city limits of Albany. Release of the security under the second mortgage will be provided upon payment of the $12,000 the proceeds from which will be used to call bonds. Maturities: $2,000 June and Dec. 1, 1929 and 1930; $2,500 June and Dec. 1, 1931, 1932, 1933, and June 1, 1934; $3,000 Dec. 1, 1934, June and Dec. 1, 1935, and June 1, 1936; $3,500 Dec. 1, 1936, June and Dec. 1, 1937. and June 1, 1938: AMERICAN BANK BUILDING, Seattle, Wash. FIRST MORTGAGE 69% GOLD BONDS cf N00 Registrar: American Building Co. n 00 Registerable: Coupon bonds. regis: terable as to principal. Denominations: $500 and $1,000. Callable: With 60 days’ notice on any interest date at 101 and accrued nterest. Sinking Fund: Payments made to American Exchange Bank. $40,000 annually for interest and retirement. Retire $10,000 during year ending Nov. 1. 1929, and $114,500 by maturity. Mortgagor: American Building Corporation. Legal Opinion by: Messrs. Kerr, Mc-Cord and Ivey of Seattle, Wash. Offered by: Wm. P. Harper & Son. Offering Price: 100. ..Date Offered: Nov. 1 19927 Authorized .......__. Retired ........_......... Dutstanding, Dec. 31, 1929............. Dated: Nov. 1, 1927. Due: Nov. 1, 1937. Property: Lot 60 by 180 ft. Building Class A reinforced concrete construction, 12 stories high. served by 3 elevators. Location: Southeast corner of Second Avenue and Madison Street, Seattle, Wash. Security: Closed first mortgage on “he building and lot. . Interest Payable: May 1. and Nov. 1. Interest and Principal Payable: At First Seattle Dexter Horton National Bank. Trustee: First Seattle Dexter Hor ton National Rank. 1.2 THOMSON'S MANUAL. ASSOCIATED HOTEL COMPANY, Portland, Oregon FIRST MORTGAGE 61% BONDS Authorized .............._. *365,000 Registerable: As to principal. Retired ............... 97,000 Denominations: $1,000, $500, $100. —— Callable: On any interest date on 30 Outstanding, Dec. 31, 1929............$268,000 days’ notice, at 102 to Jan. 1, 1929, less Dated: Dec. 1, 1925. 149% each 4-year period thereafter. Due: Serially, 1927-41. Security: First mortgage on Heath-Interest Payable: Jan. and July 1. man Hotel in Portland, Ore. Trustee: Equitable Trust Co., Port- Offered by: Lumbermen’'s Trust Co. land. Ore. Portland, Ore. in 1925. ASSOCIATED STUDENTS UNIVERSITY OF WASHINGTON GENERAL OFFICE: Seattle, Washington. HISTORY: Incorporated under laws of Washington in 1906 and functions with the approval of the Board of Regents, University of Washington, for the purpose of directing and promoting student activities. Since its organization, it has collected and disbursed over $8.000.000. FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding 1. Serial Gold Bonds............. 5% 7-1-27 1930-42 $750,000 $350,000 2. Serial Bonds. Series B............ 6% 1-1-30 1931-36 SAREE $150,000 1. SECURED SERIAL 5% GOLD BONDS Interest Payable: Jan. 1, at trus- deduction of normal Federal income tee's office. 3 ‘ 5 tax not in excess of 1% %. Principal Payable: Jan. 1 of eac Security: This issue of $350,000 is year; 1930-31, $15,000; 1932-33, $20,- part of a total authorization of $750,-000; 1934, $24,000; 1935, $28,000; 1936, 000 and constitute a direct obligation $30,000; 1937, $33,000; 1938-41, incl, of the Associated Students, U. of W., $33,000 each. and its only funded debt. The payment Trustee: National Bank of Com- of interest and principal.thereof is semerce, Seattle, Wash. cured by a pledge of 40% of the Asso-Denominations: $1,000 and $500. ciated Students fees and all net rev-Callable: Bonds maturing prior to gsnues of the Associated Student activi-Jan. 1, 1938, are non-callable. Bonds ties, except the Student Bookstore. maturing on or after Jan. 1, 1938, are L 1 Opini by: P t Th callable on any interest date with 10 Lega aan y: d Wrie ep x days’ notice at 102 and accrued interest grimson 2 orner, are y ms 3 Ion he on and after Jan. 1, 1930. 2 Ta i 1 en 22 S rime W hh A Purpose: Funds were used for con- aughlin, all oi sSeatt'e, Wash. struction of athletic pavilion. Offered by: Drumheller, Ehrlichman Tax Status: Interest pavable without & White, June, 1927. at 100. GOLD BONDS, SERIES B out deduction of normal Federal income tax not in excess of 1% %. Security: This issue of $150,000 Series B bonds, is a part of a total authorization of $750,000, and, in the opinjon of counsel, constitute a direct obligation of the Associated Students, U. of W., and its only funded debt. Legal Opinion by: Preston, Thorgrimson & Turner, Seattle, Wash. Offered by: Pacific National Co., Seattle, Jan., 1930, at 100 2. SECURED SERIAL 6% Interest Payable: Jan. 1 and July 1, at office of trustee. Principal Payable: Jan. 1 of each year; 1931, $22,000; 1932, $25,000; 1933-34, $30,000; 1935, $32,000; 1936, $11,000. Trustee: National Bank of Commerce, Seattle, Wash. . Denominations: $1,000 and $500. Purpose: Constructing athletic pasilion. Tax Status: Interest payable with-ARCADE BUILDING & REALTY COMPANY, Seattle, Wash. HISTORY: Incorvorated under laws of Washington. Feb. 20, 1906. PROPERTY: Arcade Square: 99-year leasehold, expiring 2004, covering entire city block, 235 by 360 ft., bounded by First and Second Avenues, University and Union Streets, in Seattle shopping district. The north half of the block is occupied by the Rhodes Department Store, a seven-story building completed in 1928 and leased for 30 years to the present tenants. South half is improved with a store and office building, 4 stories high, on Second Avenue and 7 stories on First Avenue. Hotel New Vendome—Leasehold, expiring Dec. 31, 2005, on land 40 by 111, on west side of First Ave. between Union and University St. Traffic tunnel, under First Avenue and New Vendome Hotel, connecting Arcade Square and Post Street. Estabrook and DeWolf Building, fronting 180 feet on Second Avenue at Union Street. REAL EST’ 3 Bay Building, occupying 13 city block on southwest corner or First Avenue and University Street. Four Stores Garage, at First Avenue and Union Street, owned jointly by the company and four department stores. OFFICERS AND DIRECTORS: David Whitcomb, Pres, and Treas.; H. E. Whitcomb, Vice Pres.; Albert H. Beebe, Sec’y. and Asst. Treas. CAPITALIZATION: Authorized and outstanding, $1,000,000, par value $100 per share FIRST MORTGAGE LEASEHOLD 69% SINKING FUND GOLD BONDS Authorized and Outstanding $2,000,000 from sinking fund, commencing Jan. 1, Dated: Jan. 1, 1928. 1931, upon the same terms. Due: Jan. 1, 1948. ~~ Sinking Fund: Semi-annual sinking Security: Direct obligation of the :ypg payments of $35,000 are provided, company, secured by a first mortgage ,eginning Jan. 1, 1931. Payments may on all of the company's leasehold in- 56 made to the trustee in cash or bonds terest in Arcade Square and the Hotel >f this issue at par, cash payments to New Vendome property, the Rhodes De- se used to call bonds by lot at the curpartment Store lease and all other sub- -ent redemption price. The sinking leases on the properties and the tunnel ~ypq is calculated to retire more than driveway under First Avenue from Ar- jpg of these bonds prior to maturity. cade Square to Post Street. Bonds retired shall be cancelled and Interest Payable: Jan. 1 and July 1 shall not be reissued. Upon the issuat trustee's office. , . ance of additional bonds, semi-annual _ Trustee: Bank of California, N. A, sinking fund payments are to be in-Beattie. I creased by amounts sufficient to equal Registerable: As to principal. hy maturity 609% of the additional bonds Denominations: Coupon $1,000 and so issued. $500. SUS . , Callable: As a whole, or in part, on Fon | atuNy Sompany Dos normal any interest payment date prior to ma- . 3 turity, on 20 days’ notice, at 103 to and Legal Opinion by: Messrs. Peters & including Jan. 1, 1933; thereafter at 102 Powell, ] . to and including Jan. 1, 1938; there- gi ered by: Blyth & Co. Jan.uary, after at 101 to and including Jan. 1, 1928. A i 1943; thereafter at 100, plus accrued Listed on: Seattle Stock Exchange. interest in each case: also redeemable Price Range: 1929, high 951, low 85. ARLINGTON CLUB, Portland, Oregon FIRST MORTGAGE 359% SINKING FUND GOLD BONDS $200,000 Trustee & Registrar: Security Sav-99,000 ings and Trust Co., Portland, Ore. _— Registerable: As to principal. 101,000 Denominations: $500, $1,000. Callable: At par on Jan. 1 of each year, drawing to be by lot. Sinking Fund: On Jan. 1 annually bligator to deposit at least $5,000 vith trustee, which sum shall be used .0 retire outstanding bonds. Tax Status: No covenant as to Fed-2ral income tax. Will reimburse bondholders on account of any taxes levied against bondholders on account of their wnershin therein Authorized .. Retired _.. Dutstanding, June 1, 1%50.. Dated: Jan. 1, 1909. Matures: Jan. 1, 1934. Property: South 1% of Block 6, Portand, Ore. Location: Salmon Street, between Payk and West Park Streets, Portland, re. Security: First mortgage on real property and building thereon. Interest Payable: Jan. and July 1, at trustee’s office AUDITORIUM APARTMENTS, Seattle, Washington FIRST MORTGAGE 7% GOLD BONDS .....$150,000 Principal Payable: At office of trusceeeeeeme 15,500 tee. y +l) - Sirsa Trustee: W. D. Comer & Co. Dutstanding, July 15, 50. .........$134,500 i PA inci Dated: July 1. 1936. Registerable: As to principal. Due: Serially, July 1, 1928-38. Denominations: $500 and $1,000. Property: Three stories and base- Callable: After 5 vears at 102 and ment; contains 113 rooms, divided into nterest. {8 two and three-room apartments. Sinking Fund: Monthly deposits with Two stores on ground floor and stor- he trustee, to be one-twelfth of the age in basement for 36 cars. umount of principal and interest ma-Location: Fifth Avenue North and uring during the current year, except Mercer Street, hat monthly payments for the period Security: First mortgage upon the ‘rom July 1, 1937 to July 1, 1938, will land, building, equipment and furniture je same as previous year. and the income therefrom. . & . i Maturities: July 1 of each year; Tax Status: 2% Federal income tax $5,000 in 1928 and 1929: $5,500, 1930: Paid by borrower. $6,000, 1931; $6,500, 1932 and 1933; Mortgagor: Auditorium Investment $7,000, 1934; $7,500, 1935; $8,008, 1936; Co., William H. Hainsworth, Pres. and $9,000, 1937; $84,000, 1938. Treas. Interest Payable: Jan. and Julv 1, Offered hy: W. D Comer & Co.. July it tin ~'aqa office 1926. at 100. + THOMSON'S MANU«.. BAKER COMMUNITY HOTEL, Baker, Oregon FIRST (CLOSED) MORTGAGE 61%49% SINKING FUND GOLD BONDS Authorized and Outstanding......$120,000 Registerable: As to principal only. Dated: April 1, 1929. Denominations: $500 and $1,000. Det rp L 10-story, 80- Callable: On any interest date with room hotel, with Toom: for Three Stores Ana trund beiernad ar oF a white! of and a barber shop and coffee shop on : main floor. Lot 92 by 100 feet. 162 and acarned iniercst. oo Location: Northwest corner of Main Sinking Fund: An annual sinking and Auburn Streets, Baker, Oregon. fund commencing April 1, 1932, is pro-Security: Closed first mortgage on vided which is expected to retire the a lot, building and fixtures. 80% in- entire issue by maturity. surance is carried on building. _ Tax Status: Company pays Federal Maturities: Payable out of a sink- income tax not to exceed 2% and reing fund to be accumulated during the imburses for Oregon tax not to exceed life of- the bonds. 5%-: Interest Payable: April and Oct. 1, Mortgagor: Baker Community Hoat trustee's office. tel Company. Trustee: The United States National Offered by: Blyth & Co. April 1. Bank of Portland, Oregon. 1929, BALLARD EAGLES BUILDING, Seattle, Washington FIRST MORTGAGE 61% SERIAL COUPON GOLD BONDS ...-$230,000 $7,000, 1933; $7,500, 1934; $8,000, 1935; ee 6.000 $8,500, 1936; $9,000, 1937; $9.000, 1938; _ _ $157,000, 1938. . . Interest Payable: Jan. and July 15. Outstanding, July 1, 1930..............§224,000 Indecent & Prindpal Payable: At Dated: July 15, 1926. the office of S. W. Straus & Co., Se-Matures: From 2 to 12 years. 2itle, Wash. L. Lot 200 by 100 ft. 3-st Registerable: As to principal. Property: 0 y .; 9-story reinforced concrete building, contain- Denominations: $1,000, $500, $100. ing a theater and stores, 44 offices, a Callable: At 103 and interest for the lodge room, banquet hall. Equipped first three years, 102 thereafter. with elevator and heating service. ’ LL Sinking Fund: One-twelfth of each Location: Speen corner of Mar- year's interest and principal must be ket Street and 22nd Avenue Northwest, paid to S. W. Straus & Co. each month. Seattle. Wash. % 205 of Fed . , \ Tax Status: > © ederal income Security: Direct closed first mort- : gage on the land in fee and on the tax pais by borrower. building. Adequate insurance will be Mortgagor: Ballard Aerie No. 172, maintained. Fraternal Order of Eagles, Inc. Maturities: July 1, of each year; Offered by: S. W. Straus & Co., July. £5.000. 1930: $6.000. 1931: $%$6.500, 1932: 1926, at 100. BELLINGHAM HOTEL BUILDING, Bellingham, Washington FIRST MORTGAGE 614% GOLD BONDS Authorized & Outstanding..........$250,000 Interest Payable: June 1 and Dec. 1. Dated: Dec. 1, 1929. Interest & Principal Payable: At Due: Serially, 1932-43. office of W. 1. Comer & Co., Seattle. Property: 15-story fireproof hotel Trustee: William D. Comer, Seattle. building, with 146 rooms and five store Registerable: As to principal. rooms Bround floor. Lot 126 by 132 ft. Denominations: $100, $500, $1,000. ea a Nn Norib Com- Callable: On any interest date at 102 S Fi ¢ ¢ ’ build and interest. ecurity: irst mortgage on build- ; : ing and land. Also a first lien on the Tax Status: 29% Federal income tax income. paid by borrower. Mortgagor: Bellingham Community Hotel Corporation (Affiliated with Metropolitan Bldg. Co., Seattle). Offered by: W. D. Comer & Co., Seattle, 1930. at 100. REAL ESTA BENJAMIN FRANKLIN HOTEL, Seattle, Washington 97-YEAR LEASEHOLD FIRST MORTGAGE 6v%.% GOLD BONDS Authorized & Outstanding..........$550,000 Interest Payable: June and Dec. 1. Due: Serially, 1931-41. Interest and Principal Payable: At Property: 1l4-story fireproof hotel ihe iis of 'W. D, Comer & C5, Sepuilding with 335 rooms and 6 store Trustee: W. D. Comer. loactions and leasehold on land 120 by co. LU8 feet. Registerable: As to principal only. Location: Southeast corner Fifth Denominations: $100, $500, $1,000. Ave. and Virginia St., Seattle, Wash. Callable: On any interest date at security: First mortgage on 97-year 02 and interest jeasehold interest on land 120x108 feet, Sinking Fund: One-twelfth of the the building, equipment, an equity in vear's requirements for interest and the furniture, as well as a first lien redemption is set aside each month. upon the income. Tax Status: 29% Federal income tax 8 paid by the borrower. Mortgagor: Gardner J. Gwinn and wife. Offered by: W. D. Comer & Co.. Seattle, Wash., at 100. Maturities: Dec. 1 each year; $12,000, 1931; $14,000, 1932; $18,000, 1933; $22,-000, 1934; $27,000, 1935; $30,000, 1936; $32,000, 1937; $36,000, 1938; $38,000, 1939: $40.000. 1940: $281.000, 1941 BERGONIAN HOTEL, Seattle, Washington FIRST MORTGAGE LEASEHOLD 6v%49% GOLD BONDS 350,000 1930, $12,000; 1931, $15,000; 1932, $18,-a 12,000 000; 1933, $18,000; 1934, $287,000. Dutstanding, June 30, 1930............$338,000 Interest Payable: Mar. and Nov. 1. Dated: March 1, 1927. Interest & Principal Payable: At Due: Serially, 1930-1934. trustee's office. Property: 12-story modern Class A Trustee: Seattle Trust Co. fireproof hotel building faced with Denominations: $100, $250, $500 and brick and trimmed with terra cotta, $1,000. having 231 rooms. Seven stores facing Sinking Fund: Annual requirements nn 4th Ave. and Olive St. for ground rent, taxes, assessments, Location: Lot corner, Fourth Ave, insurance, interest and principal paid and Olive St, 770x108 feet, under lease monthly to trustee. for 99 years. Tax Status: Interest payable without Security: Direct obligation of Ste- deduction for Federal income tax not phen Berg secured by first (closed) in excess of 29%. mortgage on leasehold and building. Offered by: Seattle Trust Co. in Maturities: Mar. 1 of each vear: 1927 at 100 BILLINGS POLYTECHNIC INSTITUTE, Billings, Montana FIRST MORTGAGE 6% % SERIAL GOLD BONDS Authorized ...... een $3135,000 kane, Wash. or at the office of trus-Retired ......._. 20,000 tee. — Principal Payable: At Montana Na-NDutstanding, June 1, 1930............5115,000 tional ink of Billings. Dated: Nov. 1, 1925. Trustee: Montana National Bank of Due: Serially, 1927-35. Billings, Montana. Property: 175 acres of irrigated land. Denominations: $1,000 and $500. All of the buildings of the Billings Callable: In reverse order on any Polytechnic Institute. ntavest date in any smount at $102. Location: Just outside of the citv »f Billings, Mont. Security: Direct obligation of the Billings Polytechnic Institute and of Messrs. E. T. and L. T. Eaton. The honds are a first mortgage on all the buildings of the institute. Sinking Fund: A first charge against 1ll dormitory rentals and tuitions. This ‘und must be sufficient for. .two advance nterest and principal payments. If not sufficient, then the fund becomes 1 first charge on all incomes of the nstitution. Tax Status: Normal Federal income ‘aX up to 29% paid by mortgagor. Mortgagor: Billings Polytechnic Institute. Offered by: Murphey, Favre & Co.. Ipokane. Wash... Nov. 1925. at 100 Maturities: On May and Nov. 1 of »ach year; $2,500, 1927-1929, incl.; $5,000 1930-1935, at which time the remainng $65,000 becomes due. . Interest Payable: May and Nov. 1, at office of Murphey. Favre & Co.. Spo- THOMSON'S MANUAL BOISE HOTEL, Boise, Idaho FIRST MORTGAGE 61% GOLD BONDS Authorized & Outstanding..........$350,000 Interest Payable: June and Dec. 1. z ? . Interest & Principal Payable: At Dated: Leo, 1, 1920 office of W. D. Comer & Co, Seattle. Matures: 2 to 15 years. Trustee: William D. Comer. Property: Lot 122 by 125 ft, 11- Registerable: As to principal. Story hotsi containing 176 rooms and Denominations: $100, $500, $1,000. Location: Eighth and Bannack Sts, i On any interest date at Boise, Idaho. : . . Tax Status: Federal income tax up Security: First mortgage on land, 4 29, paid by borrower building and furnishings, as well as . . : . first lien on income. TE Boise Community Hotel Maturities: Dec. 1 of each ear; oe . . 1932 $10,000 1933-34, $11,000: 935 Legal Opinion by: Warren H. Lewis $12,000," increasing $1,000 each year and Wendell W. Black. thereafter until Dec. 1, 1944, when $22,- Offered by: W. D. Comer & Co. 000 due: Dec. 1, 1945, $22.000 1980, at par BROADWAY-YAMHILL BUILDING, Portland, Oregon FIRST (CLOSED) MORTGAGE 69% SERIAL GOLD BONDS Authorized ...........occoeeececeenreenceneeaaaa$500,000 and June 1 of every year up to 1946, Retired .... ireeeeena 37,500 when the remaining $262,500 matures. . i 1. TOI ~TeI500 at office of trustee. ustanding; Dee, : bassseoen:e} ’ Trustee: Equitable Trust Co., Port-Dated: June 1, 1926. land, Ore. Due: Serially, 1927-1946. . . Property: Five-story Class A rein- Denominations: $500 and $1,000. forced concrete theater and office Callable: On 30 days’ notice as a building fronting 100 feet on Broadway whole or in part, but if in part in inand 150 feet on Yamhill Street, and a verse numerical order at 102.50 and one-story building fronting 50 feet on accrued interest during the first five Park Street. years, premium decreasing %% each 5-Location: Southwest corner of Broad- vear period. way and Yamhill, Portland, Ore. Tax Status: Federal income tax up Security: First obligation of Alex- to 2% paid by mortgagor. ander Pantages. First (closed) mort- : gage on the Broadway-Yamhill Build- Mortgagers Alexander Paniages. ing, Portland, Ore., owned in fee sim- Legal Opinion by: Carey and Kerr ple by Alexander Pantages and wife. of Portland, Ore. Interest Payable: June and Dec. 1. Offered by: Blyth & Co. June, 1926. Maturities: $£12.500 due June 1, 1927. at 100. BROOKLYN BUILDING, Seattle, Washington FIRST MORTGAGE LEASEHOLD 614% GOLD BONDS Authorized & Outstanding............$245,000 Trustee: Seattle Trust Co. Dated: Dec. 15, 1928. Registerable: As to principal or in-Due: Serially, 1931-38. terest. . Property: 8-story, reinforced con- Denominations: Coupon $1,000, $500, crete office building on lot 144 by 103 $250 and $100. feet. Exterior fire brick and terra Callable: On interest dates on or otis, Baile In 1009, ut crner of after Dec. 15, 1929, upon 30 days’ no-Brooklyn Avenue and East 45th Street, bios ai 102 a2, sncvasd. intereth Seattle, Wash. Sinking Fund: Requirements for in-Security: First mortgage on 99-year terest, taxes, insurance, ground rent leasehold interest in lots 1, 2, 3 and 4, and the first 9 years’ principal reducbook 3, Brooklyn Addition to the City tion paid monthly to trustee. 0 eattle, together with eight-story y : store and office building thereon. Tax Status: Without deduction for PR . normal Federal income tax not in ex-Maturities: Serially, Dec. 15 of each cess of 2%. year; 1931, $6,000; 1932-33, $8,000; 1934- . 45th B Kk I 35-36-37, $10,000 each; 1938, $183,000. Mortgagor: th and Brooklyn Investment Co. (Controlled by Metropoli-TE Payable: June 15 and Dec. tan Building Co.). Interest & Principal Payable: At Offered by: Seattle Trust Co. trustee’s office. Offering Price at Par, Dec. 1928. REAL ESTA": co CATHOLIC CONVENT OF ST. ROSE (Dominican Sisters) Seattle, Everett, Aberdeen, Chehalis, Washington 315% FIST AND REFUNDING MORTGAGE SERIAL GOLD BONDS Authorized .. reeeeen----$250,000 $9,000, 1933-1934; $10,000, 1935-1936; Unissued ... 54,000 $12,500, 1937-1938; $15,000, 1939; $16,-Retired .. . ceceeeeeeee 15,000 000, 1940; $81,000, 1941. El —— Interest Payable: May 1 and Nov. 1. Outstanding, June 1, 1930............8191,000 Interest & Principal Payable: At Dated: May 1, 1926. trustee's office. Due: Serially, 1928-1941. Tree. First Seattle Dexter Hor-Property: St. Joseph's Hospital, Ev- ton National Bank. erett, Wash.; St. Dominic Academy, Ev- Denomination: $500. . erett, Wash.; St. Helens Hospital, Che- Callable: In inverse numerical order halis, Wash.; Holy Angels Academy, ©°n May 1, 1928, or any interest date Seattle; real estate in University dis- thereatter at 100% on 60 days’ notice. trict, Seattle, Tax Status: Borrower assumes nor-Security: Secured by first mortgage Mal Federal income tax of 2%. on properties valued at $575,000, sub- Mortgagor: Catholic Convent of St. ject only to $24,000 of 59% bonds and Rose. $30,000 of unsecured notes. Direct ob- Legal Opinion by: Donworth, Todd, ligation of the Convent of St. Rose. Higgins & Holman, Seattle. Maturities: Serially, annually May Offered by: Ferris & Hardgrove, Se-$5,000, 1928-1930; $8,000, 1931-1932; attle and Spokane, May, 1926, at 100 CHARBERN APARTMENTS, Seattle, Washington TIRST MORTGAGE 614% SERIAL COUPON BONDS Authorized .._.. ceeeeu$215,000 Interest Payable: June 13 and Dec. Retired .... ... 18,500 19. Yen Interest & Principal Payable: Outstanding, June 1, 1930........$196.500 - \V' Straus & Ceo. atfice Table Dated: June 15, 1925. Trustee: S. W. Straus & Co. Due: Serially, 1927-1938. Registerable: As to principal. Property: Eight-story and basement, Denominations: $1,000, $500, $1500. fireproof, reinforced concrete, apart- sal les ' PY. to ment and garage building erected on Lallap e: At 103 and interest aclot 100 by 100 feet. crued. Location: East Olive Street and Sinking Fund: Monthly deposit of Belmont Avenue, Seattle, Wash. one-twelfth of principal and interest . ’ 7 due during the current year. Security: Closed first mortgage on 5 ] land and building. ara Sonus Pooeral income tax 2% Maturities: Annually, on June 15: ® y : . - $2,000, 1927; $5,000, 1929, and there- Mortgagor: C. F. Tregoning, Seattle, after increase $500 each year until Wash. 1936; $9,000 for 1937 and 1938, the re- Offered by: S. W. Straus & Co. mainder, $132,000, also due in 1938 June, 1925, at par. CHEASTY BUILDING, Seattle, Wash, 6% FIRST MORTGAGE (LEASEHOLD) SERIAL GOLD BONDS EC 90 Trustee: Metropolitan National Bank, no Seattle. Registerable: As to principal only. Denominations: Coupon $1,000 and $500. Callable: As a whole or in part, in inverse numerical order, on any interest date on sixty days’ notice at 102 and accrued interest up to July 1, 1930; ‘hereafter at 101% up to July 1, 1935: thereafter up to July 1, 193s, at 101; thereafter up to July 1, 1939, at 100%; and thereafter at 100 and aecrrued in-~erest, Tax Status: Borrower pays normal Fed. income tax up to 2¢. Mortgagor: Third Ave. Investment & Bldg. Co., Wm. Edris, President. Legal Opinion by: Donworth. Todd & Holman. Offered by: Baillargeon, Winslow & No... Jan.. 1927 at par Authorized ..... Retired Outstanding, July 15, 1530. ..... Dated: Jan. 1, 1927. Matures. serially 1927-41. Property: Bldg. eight stories, basement, artificial stone, marble and bronze. Property 108 ft. on Pike Street and 56 ft. on Third Avenue. Loeation: Northeast corner of Third Avenue and Pike St. Seattle, Wash. Security: Secured by closed first mortgage on the leasehold estate comprising the site of the building and on the building erected. Maturities: Serially Jan. and July 1, 1928, $3,000; J&J, 1929-30, $4,000: J&J, 1931-32-33-34-36, $5,000; J&J, 1937-38-39, $6,000; Jan. and July, 1940-41, $8,000. Interest Payable: Jan. and July 1. Interest and Principal Pavable: At rristee’'s office $38 THOMSON'S MANUAL CENTRAL BUILDING COMPANY GENERAL OFFICE: 810 Third Avenue, Seattle, Wash. HISTORY: Organized under laws of Washington in 1913, as a common law trust. PROPERTY: Owns and operates an 8-story and basement, steel and concrete, Class “A” office building covering entire half of city block on east side of Third Avenue, between Columbia and Marion Streets, technically described as L.ots 1, 4, 5 and 8, Block 26, C. D. Boren’'s Addition to the City of Seattle. Wash. Building erected in 1913. COMPARATIVE INCOME STATEMENT, Years Ending Nov. 30 age agg 1927 $229,444 130,256 99,188 98,560 628 Gross Revenue iii Expenses ....... Net Earnings ..oo.ocooiooeiieiiiaceaees Dividends Paid .......ooiiiieiaen Surplus woes FUNDED DEBT, As of Nov. 30, 1929 Central Building Property Dated Due Authorized Outstanding Participating Bonds ..............._......... 3-1-13 6-9-53 $1,540,000 $1,540,000 Provisions: Bonds receive all net in- Tax Status: Federal Income Tax not come up to 6% on par of outstanding paid by company. issue and 2% of any surplus earnings in Dividends: Regular quarterly diviexcess of 6%. Upon sale of property jends have been paid for 93 consecutive or termination of trust, all proceeds, quarters at average annual rate of up to par, and 2% of any increment in 5.155% (payable Mar., June, Sept. and value above par, distributed to out- Dec. 10). standing bonds. Registrar: The company. Trustee: Northwest Trust & State Registerable: As to both principal Bank. and interest. Denominations: $5,000, $1,000, $500, Security: First lien on fee title and $400. $300. $200. $100. revenues. CITY RAMP GARAGE, Inc. Spokane, Washington 51% % FIRST MORTGAGE GOLD BONDS Authorized & Outstanding............$225,000 Interest Payable: May and Nov. 1. Dated: Nov. 1, 1928. : Interest & Principal Payable: At Due: Serially, 1931-1938. trustee's office. Property: A reinforced concrete ga- Trustee: Old National Bank & Unrage building of six stories and base- jon Trust Co., Spokane, Wash. ment with mezzanine floors making 14 Denominations: $1,000, $500. levels for parking 400 cars. The land Callable: On any interest paying on which the building is erected is 155 date 2 years after date issue in inverse by 125 feet. numerical order, at 101% and accrued Location: Stevens Street and First interest. Avenue, Spokane, Wash. Mortgagor: City Ramp Garage, Inc. Security: Secured by the first mort- Legal Opinion by: Wakefield & Withgage on land and building, valued at erspoon, Spokane attorneys. $485,000. Offered by: Murphey, Favre & Co, Maturities: $5,000 on each May and Ferris & Hardgrove and Old National Nov. 1, 1 to May 1, 1938; $15,000 due Bank & Union Trust Co.. Nov., 1928, at Nov. 1. 1938. par. CLAREMONT APARTMENT FIRST MORTGAGE FEE 64% Authorized ... eeeeu$500,000 Retired . 9,000 Outstanding, July 1, 1930............$491,000 Dated: Aug. 1, 1927. Due: Serially, 1929-1942. Property: 9-story fireproof apartment hotel and store structure. Completed 1926. Contains 120 two-room apartments -and 41 hotel rooms. Six stores, lobby and dining room on first floor. . Location: Northeast corner of: Virginia and Fouth Avenue; fronts 108 ft. on Virginia Street and 120 ft. on Fourth. Security: Closed first mortgage on HOTEL, Seattle, Washington SERIAL COUPON GOLD BONDS the land, owned in fee, building and Jurniture. Appraised value of $1,629, Maturities: Aug. 1, of each year; $9,000, 1929; $10,000, 1930 and 1931; $11,-000, 1932 and 1933; $12,000, 1934; $13,-noo, 1935: $14,000, 1936; $15,000, 1937; $16,000, 1938; $17,000, 1939; $18,000; 1549; $19,000, 1941; $325,000. Aug. 1, 1942. Interest Payable: Semi-annually on Feb. 1 and Aug. 1. interest & Principal Payable: At offices of S. W. Straus & Co., Seattle, Wash. Trustee: Edwin L. Bowes, Vice President S. W. Straus & Co. REAL EST 19 Registerable: As to principal. Denominations: Coupon bonds of $31,000 and $500; $100 in last maturity only. Callnble: At 102 and interest for the first 5 years and at 101 thereafter. Sinking Fund: Monthly deposits made with trustee. Tax Status: TU. S. income tax 29%, Calif. personal property tax paid by mortgagor. Mortgagor. Claremont, Inc., Leo C. © var, President. oop Dy S. W. Straus & Co., Aug. 230. 9. ., COCHRANE SOUTHERN LOGGING RAILWAY, Tillamook, Oregon FIRST MORTGAGE 7% TWENTY-YEAR GOLD BONDS Authorized & Outstanding. ........$500,000 Interest Payable: May 1 and Nov. 1, Dated: Nov. 1, 1924. at trustee's office. ’ Trustee: - st & Savings Matures: Nov. 1, 1944. no Dstee Portland Trust & Savings Property: Railroad property in Ore- Denominations: $500, $1,000. gon. Callable: At 105. Location: Tillamook and Washing- Tax Status: Company pays normal ton Counties, Oregon. Federal income tax up to 29 COLUMBIA COUNTRY CLUB, Portland, Oregon FIRST MORTGAGE AND COLLATERAL TRUST 7% GOLD BONDS ...$£150,000 Interest Payable: Jan. 1 and July 1, 46,500 at trustee's office. - - Trustee: Portland Trust & Savings Outstanding, May 1, 1930............. 03,500 Bank. Dated: July 1, 1926. Denominations: $100, $500, $1,000. . Callable: n notice. Matures: Joly 1, 1936. Sinking Fund: Through membership Property: Golf club house and subscriptions. grounds, and membership notes. Tax Status: Mortgagor pays Feder-Location: Multnomah County. al income tax. COLUMBIAN HOTEL, Wenatchee, Washington 7% SERIAL GOLD BONDS *150,000 $10,000 each; 1936, $71,000. “7.000 Interest Payable: June and Dec. 15, -— semi-annually. 23.000 Interest & Principal Payable: At office of Wm. P. Harper & Son, Seattle, Wash. Trustee: Paul C. Harper. Successor in trust, National Bank of Commerce, Seattle. Registerable: Coupon bonds. Denominations: $500 and $100. Callable: At 102 and interest. Sinking Fund: Rental under the lease paid monthly to trustee onetwelfth of the annual principal and int. Tax Status: 29% Federal income tax paid by company. Mortgagor: The Philip Miller Co. Offered by: Wm. Harper & Son, June, 1926, at prices yielding 69% for early maturities to 79% on last maturity Authorized .......... Retired ............ Outstanding, July i, 150... Dated: June 15, 1926. Due: Serially, 1927-1936. Property: Lot 150 by 120 ft., containing 4-story hotel with basement. Entire first floor for stores with exception of the dining room. 156 modern hotel rooms. Location: Wenatchee Ave. and Yakima Street, Wenatchee, Wash. Security: First closed mortgage on Lots 1, 2, 3, 4, 5 and 6, Block 26, of Amended Great Northern Plat of Wenatchee. Total ground and building value, $315,000. Maturities: June 15 of each year; 1927, $3,000; 1928, $7,000; 1929, $8.000; 1930 and 1931. 289.000: 1932 to 1935 incl. COMMUNITY HOTEL CORPORATION, Seattle, Wash. HISTORY: Organized under laws of Washington in 1922, as a holding company, to build the Olympic Hotel, in Seattle. More than 3.000 citizens subscribed to the common stock and second mortgage bonds. BUILDING: Fourteen-story class "“A'" fireproof steel and concrete structure, occupying entire block between Fourth and Fifth Avenues and University and Seneca Streets, (except 85x129 occupied by Metropolitan Theater). Original building containing 620 guest rooms opened Dec. 6. 1924 Additional 250 rooms added in 1929. LEASEHOLD: Ground is owned by University of Washington, of which Metropolitan Building Co. is lessee. Community Hotel Corp. holds sub-lease expiring Nov. 1, 1954. Annual rental $25,000, plus incidental charges. MANAGEMENT: Company leases hotel to Olympic Hotel Company, which is affiliated with United Hotels Company, operators of extensive chain of hotels over North America. Operating company pays annual rental which covers all fixed charges, including ground rental, taxes, assessments, insurance, interest and sinking fund requirements, and all other charges that mav be levied against the property. OFFICERS: A. 8 Kerry. Pres.: M. F. Backus. Vice-Pres.: A. W. Leonard Vice- $40 THOMSON'S MANUAL Pres.; J. F. Douglas, Vice-Pres.; F. W. Hull, Secy.; M. E. Helm, Asst. Secy.; Joshua Green, Treas.; Casper W. Clark, Asst. Treas. TRUSTEES: H. F. Alexander, E. G. Ames, M. A. Arnold, M. F. Backus, J. H. Ballinger, Scott Bullitt, J. F. Douglas, A. S. Eldridge, Victor Elfendahl, D. E. Frederick, L. C. Gilman, Joshua Green, L. C. Henry, C. E. Hickman, Otto F. Kegel. A. S. Kerry, A. W. Leonard. R. D. Merrill, W. L. Rhodes, E. C. Ward, Frank Waterhouse, David Whitcomb, C. W. Wiley, C. S. Wills, Worrall Wilson. CAPITALIZATION, As of June 1, 1930 . Par Value Authorized Outstanding $10 25,670 shs 25,670 shs Provisions: Entitled to dividends Public Ofering by: The finance comwhen common stock of Olympic Hotel mittee in 1922 at $10 per share, each Co. pays dividends but never more than purchaser taking equal number of sec-$17,000 in any one year. , ond mortgage bonds at $90. Dividends: None have been paid. Transfer Agent: Stattle Trust Co. Number of Stockholders: 4.000. 1. 2. x First Mtge. Bonds...... 2nd Mtge. Bonds... NMUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding tieeemmeee 69% 8-28-23 11-1-43 $2,000,000 $1,863,000 eee 79% 8-15-22 8-15-47 $3.000.000 $2.425.800 FIRST MORTGAGE LEASEHOLD 6% SINKING FUND GOLD BONDS Interest Payable: Semi-annually, May vear to retire 1-15 of the issue. Bonds and Nov. 1, at trustee’s office. to be purchased in open market if ob-Trustee and Registrar: National Bank tainable at or below call price, othernf Commerce, Seattle, Wash. wise to be redeemed bv lot at that Registerable: As to principal only. price. Denominations: $1,000, $500, $100. Tax Status: Company pays normal Callable: As a whole or in part on Federal income tax up to 29%. Nov. 1 of any year upon 30 days’ notice, Security: First mortgage on leaseto and including Nov. 1, 1928, at $105 hold of building and site. and accrued interest: thereafter at 14% Legal Opinion by: Peters & Powell, less each year to and including Nov. Seattle, Wash. 1, 1938; thereafter to maturity at $100 Offered by: Blyth & Co., Seattle. and interest. Listed: On Seattle Stock Exchange. Sinking Fund: Beginning Nov. 1, Price Range: 1929—High, 99; Low, 1929. sufficient funds set aside each 9534; 1928—High, 100; Low, 90. 7% SINKING FUND GOLD BONDS at or below call price, otherwise by lot at call price. Tax Status: Company pays normal Federal income tax up to 2%. Security: Bonds are second mortgage on leasehold of building and site, and are junior to the original $3,000,000 issue of first mortgage bonds. Offered by: Finance committee, Community Hotel Corporation, offered $2,-367,000 in 1924 at $90, purchaser of each $100 bond also taking 1 share common stock at $10. Tn 1929, balance of $433,-000 offered at $90 to provide funds for building additional wing to building. Listed: On Seattle Stock Exchange. Price Range: 1929—High, 93; Low, 9114: 1928—High, 99: Low, 86. CONSISTORY-SHRINE TEMPLE ASSOCIATION. Helena, Montana FIRST AND REFUNDING MORTGAGE SERIAL 512% GOLD BONDS Authorized .._...__._ .....$160,000 1933, $11,000; 1934, $12,000; 1935, $13,-Retivedl coon crmmmmmmmssinn reeeeee 17,000 05s 1936, Syn 1937 and 1938, $15,-_- —— 000; 1941, $36, . Dutstanding, June 30, 1930............5143,000 Interest Payable: Jan. and July 1. Dated: July 1, 1926. inci P le: Matures: Serially, 1927, 1941. ee Ls roe Property: The Consistory Temple gpokane. and_the Algeria Temple, latter having Trustee: Union Bank & Trust Co. auditorium with seating capacity of : Helena, Mont. S408. Temple built at cost of $468,- Denominations: $1,000, $500. Security: Direct obligation of the Callable: At 101 and accrued inter-Donslsinty Temple Association and se- Pn ay interest paying date on 60 cured by a first mortgage on both : temples. Tax Status: Company pays normal Maturities: Serially, July 1, each Federal income tax up to 2%. year, 1927-1928, $5,000; 1929, $7,000; Offered by: Ferris & Hardgrove and 1930, $8,000: 1931, $9.000: 1932, $10.000: Murphey, Favre & Co., Spokane. A CRYSTAL PALACE PUBLIC MARKET, Inc., Tacoma, Washington FIRST MORTGAGE LEASEHOLD 7% GOLD BONDS Authorized ..... 1eee-$120,000 Interest Payable: June 15 and Dec. Retired .... 7,000 15, semi-annually. —_ - Interest & Principal Payable: At Dutstanding, June 1, 1930............,.13,000 office of Wm. P. Harper & Son, Se-Dated: Dec. 15, 1926. attle, Wash. Due: Serially, 1928-1937. Trustee: Paul C. Harper. Property: Fireproof market build- Denominations: $500, $100. ing erected on lot 120 by 165 ft., con- Callable: At 102 and interest. sisting of two stories, and basement. Sinking Fund: One-twelfth of the Location: Eleventh and Market Sts., annual requirements of the mortgage Tacoma, Wash. are paid monthly to the trustee in ad-Security: Closed first mortgage on vance, and 75% of net earnings paid the leasehold, having 98 years to run. to trustee monthly for purchase of Maturities: Dec. 15 of each year: bonds in open market at 102. $3,000, 1928; $4,000, 1929; $5,000, 1930: Mortgagor: C(Charada Investment Co. $8,000, 1931; $10,000, 1932-1934; $12,000, Offered by: Wm. P. Harper & Son. 1935-1936: $46.000. 1927 Dec... 1926. CULMSTOCK ARMS, Spokane, Washington FIRST MORTGAGE 6v%9% SERIAL GOLD BONDS .-.$140,000 Interest & Principal Payable: June 3,500 and Dec. 15, at office of Ferris & Hard-——— grove, or trustee. Outstanding, July 1, 1930............$136,500 : y = i Dated: June 15, 1928. Cortes Spokane & Eastern Trust Due: Serially 1930 to 1937. Lo Property: 4-story and basement Registerable: As to principal. apartment house, 135 rooms in one, Denominations: Coupon bonds of two and three-room apartments, with $1,000 and $500. elevator, laundry and garage. Built Callable: On any interest date upon in 1928, of light-faced brick and terra 30 days’ notice at 102. cotta. Sinking Fund: One-sixth of semi-Location: Eighth Avenue and Wash- innual requirements paid monthly to ington Street, Spokane, Wash. .rustee, Security: First mortgage on land Tax Status: Normal Federal income owned in fee, and building. Appraised tax of 2% will be paid at source. value, $260,000. Mortgagor: Walter M. Clist, Presi-Maturities: $3,500, June 15 and Dec. jent Culmstock Investment & Finance 15, 1930, June 15, 1931; $4,000, Dec, Co. 1931 and June, Dec, 1932 and June, 1933; Legal Opinion by: Graves, Kizer & $4,500, Dec., 1933, June, 1934, Dec., 1934, Graves of Spokane. June, 1935; $5,000, Dec. 1935, June, Offered by: Ferris & Hardgrove of 1936, Dec., 1936, June. 1937. and 85.500. Spokane, Seattle and Portland, June, Dec. 15, 1937 1928. at $100 © TTT'NPORT HOTEL. TT "ND GENERAL 549,500 800 57,5600 see oo 4,011,200 Due: Seriallyv. nl Authorized Unissued ... Retired .................. _. Outstanding, Ju 5 wid Dated: Jan. 1929 1930-42. Corporation: Davenport Hotel, Inc. was organized in 1929 to consolidate under one ownership and management the hotel and restaurant properties of the Davenport Hotel Companv and L. M. Davenport. Property: The land comprises an entire block in the downtown business district of Spokane, having a frontage of 300 feet on Sprague and First Avenues and 155 feet on Lincoln and Post Streets. Total area of the land is 46,500 square feet. The Davenport Hotel, a 1Z-story building, occupies an area of 31,000 square feet. The Pennington Hotel, having about 60 rooms, is located over the Davenport Restaurant properties. Security: First mortgage on the Hotel Davenport, both land and building, including the 1l4-story wing built in 1929 cost approximately $250,000. In addition, they are secured by a mortgage (subject only to a real estate loan of $125,000) on the Davenport Restaurant and Pennington Hotel. both land and building INC., Spokane, Wash. MORTGAGE 6% BONDS The properties have been appraised in excess of $3,350,000. In addition, the mortgage covers furnishings having a valuation of approximately $300,000. Maturities: July 1, 1930, $37,500; Jan. t, 1931, $38,500; July 1, 1931, $39,500; Jan. 1, 1932, $41,000; July 1, 1932, 342,-200; Jan. 1, 1933, $43,500; July 1, 1933, 544,500; Jan. 1, 1934, $46,000; July 1, 1934, $47,000; Jan. 1, 1935, $49,000; July l, 1935, $50,000; Jan. 1, 1935, $52,000; uly 1, 1936, $53,000; Jan. 1, 1937, $54,500; fuly 1, 1937, $56,500; Jan. 1, 1938, $57,-300; July 1, 1938, $59,000; Jan. 1, 1939, 361,000; July 1, 1939, $63,000; Jan. 1, (940, $65,000; July 1, 1940, $67,000; Jan. [, 1941, $69,000; July 1, 1941, $71,000; Jan. 1, 1942, $73,000; July 1, 1942, $75,000; Jan. 1, 1943. $77.500: July 1, 1943. $117.-500. Interest Payable: Jan. and July 1. Interest and Principal Payable: At trustee's office or Ferris & Hardgrove. Trustee: Old Nat. Bank & Union Trust Co., Spokane. Registerable: As to principal only. Denominations: $1,000, $500, $100. Callable: At 102 on 60 days’ notice. Tax Status: Company pays normal Federal income tax up to 29. Offered by: Ferris & Hardgrove and vurphy. Favre & Co.. January. 1929 THOMSON'S MANUAL DEXTER HORTON ESTATE. Seattle, Washington HISTORY: Incorporated under laws of Washington, April 15, 1905. BUSINESS: Company owns and operates the Dexter Horton Building, a 14-story steel frame, fireproof office building, completed in 1924, and occupying % a city block in the heart of the Seattle financial district, with 235 feet frontage on Cherry Street and 120 feet on both Second and Third Avenues. The main floor, facing Second Avenue, is occupied by the First Seattle Dexter Horton National Bank. The building contains approximately 5,000,000 cubic feet and 250,000 square feet of rentable area. The property was appraised in 1927 at $4,150,000. : OFFICERS: Chas. E. Horton, Pres.; Helen Penfield, Vice Pres.; Caroline E. Horton, Sec’v.-Treas. FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding 1. 1st Mortg. S. F. Gold Bonds.. 6% 6-28-27 7-1-47 $2,100,000 $2,100,000 2. Gen. Mort. Ser. Gold Bonds.... 7% 6-28-27 1930-40 $400,000 $400,000 1. FIRST MORTGAGE 6% SINKING FUND GOLD BONDS Interest Payable: Jan. and July 1, ity, by purchase in the open market, at First Trust & Savings Bank, Chi- or by call at the redemption price. cago, or office of trustee. Tax Status: Company pays normal Trustee: The First Seattle Dexter Federal income tax not in excess of 2%, Horton National Bank. and certain state taxes refunded in ee _ Calif.,, Minn., Iowa and Mich. Registerable: As to principal only. Security: The bonds are the direct Denominations: Coupon, $1,000, $500, obligation of the Dexter Horton Estate $100. and are secured by a closed first mort-Callable: At option of the company £&28¢ on land owned in fee and the Dexat 1021 and interest on or before July ter Horton Building. 1, 1946, and at par thereafter. Offered by: Group of Seattle Investment bankers. Sinking Fund: Provides for the re- Listed on: Seattle Stock Exchange. tirement of an aggregate principal Price Range: 1929 1928 amount of $1,054,000 of bonds or more High ..... renee 8 Vf 101 than 509% of this issue, prior to matur- Low suvanuenns¥T 97 2. GENERAL "MORTGAGE 7% SERTAL GOLD BONDS Interest Payable: July 1 and Jan. 1, Callable: At par and accrued interat First Trust & Savings Bank, Chi- est on any interest date. cago. or at trustee’s office Tax Status: Company pays normal Federal income tax up to " Principal Payable: July 1 and Jan. 1 Security: The onils De direct of each year; July, 1930, $20,000; Jan. ,pligation of The Dexter Horton Esand July, 1931, $15,000; Jan. and July, tate, and, in addition, are secured by 1932-33-34-35-36-37-38-39 and Jan. 1940, a general mortgage on the Dexter Hor-520.000: July, 1940, $10,000. ton Building and land, owned in fee, Trustee: National Bank of Com- thereunder, subject to $2,100,000 first . mortgage. merce, Seattle, Offered by: Ferris & Hardgrove, Denominations: Coupon $1,000 and Marine National Co. and others, June. 2500 1927. at 100. DEVONSHIRE APARTMENTS, Vancouver, B. C. FIRST MORTGAGE 614% SERIAL COUPON BONDS Authorized ..... ....$450,000 $22,000; 1935, $23,000; 1936, $24,000; 1937. Retired rceeemee 62,000 $25,000; 1938, $216,000. -——— Interest Payable: Oct. 1 and Apr. 1. Outstanding, June 1, 1930............$388,000 Interest and Principal Payable: At Dated: October 1, 1923. Due: Serial- offices of trustee. trae ish Reinforced concrete fire Trustees 8 W, §trgvs & Co. : > e - : & . proof construction, containing 122 apts., , Denominations: $1,000 and $500; $100 237 rooms. Lot 120x125 ft. in last maturity issue. Location: Bldg. erected on NE. cor- Callable: At $105 and interest for 1st ner of Georgia and Hornby Sts., within 6 years, and at 103 and interest thereone block of bus. center, of Vancouver, after. . B. C. Sinking Fund: Monthly deposits of Security: Direct closed 1st mtge. on 1-12 of yearly principal payments and land and new 7-story and basement apt. semiannual interest. . bld., together with furniture and equip- Tax Status: U. S. Fed. income tax up ment. First lien on income sufficient lo 4% and normal Dominion of Canada to pay interest and principal payments. tax. . Lo Maturities: Serially, Oct. 1, of each Mortgagor: The Georgia Limited, a yvear—1926, $12,500; 1927, $16,000; 1928, sorporation. $16,500; 1929, $17,000; 1930, $18,000; 1931, Offered by: S. W. Straus & Co., Oct. $19.000: 1932, $20.000: 1933, $21,000: 1934, 1923, at 100. REAL ESTAT. DONEEN BUILDING, Wenatchee, Wash. 61% FIRST MORTGAGE LEASEHOLD GOLD BONDS Authorized and Outstanding........$100,000 Interest Payable: Semi-annually on Dated: May 15, 1929. Matures: Serial- May 15 and November 15. ly, 1932 to 1941. Interest and Principal Payable: At Property: Lots 19, 20, and 21, Blk. trustee's office. 11, Amended Great Northern Plat of Trustee: Seattle Trust Co. Wenatchee, and 6-story store and office Registerable: As to principal only. bldg. Lot 75x120 ft. Denominations: $1,000 and $500. Location: Wenatchee Ave. and Pa- Callable: On any interest bearing konjse St. 3 date at 102 and accrued interest, on or Security: First closed mortgage on pefore May 15, 1934, and 101 thereafter. 99-yr. leasehold lot property and 6- | story store and office bldg. Mtge. en- Tax Status: Normal Fed. Income tax dorsed by Mr. H. W. Claasen and wife, not to exceed 2% paid by borrower. and Mr. J. D. Weinstein and wife. Mortgagor: Claasen-Weinstein Inv, Maturities: May 15 of each year— Co. } 1932, $3,000; 1933, $4,000; 1934 and 35, Offered by: Wm. P. Harper & Son, $5,000 each; 1936 and 37, $6,000 each; Seattle, May, 1929, at from 100 to 96, 1938 to 40, $7.000 annuallv: 1941. 850.000. depending upon maturity dates. EASTMORELAND COMPANY, Portland, Oregon FIRST (CLOSED) MORTGAGE 7% SERIAL GOLD BONDS Authorized and Outstanding......$145,000 Trustee: Commonwealth Trust and Dated: May 1, 1930. ..Due: Serially, Title Co., Portland, Ore. 1931-1935. Registerable: As to principal. Property: 242 lots in Eastmoreland, Denominations: $1,000, $500. southeast Portland. All improvements Callable: As a whole or in part, upon a restricted residential district in 30 days’ notice, on any interest date at to the district completed and paid for. 103 on or before May 1, 1932; or at 102 Security: First closed mortgage on D0 or before May, 1933; or at 101 prior property, estimated value of $611,850. fo maturity. The last outstanding ma-Trust deed provides that 75% of the ‘urity shall be called first. . } proceeds of the land must be used only Sinking Fund: All money in excess for service of this bond issue, or prop- of interest, expenses. and serial reerty benefit. luirements. Maturities: May 1 of each year: Mortgagor: The Eastmoreland Com-$20,000, May 1, 1931; $25,000, 1932, 1933 pany of Portland, Oregon. . and 1934, incl.; $50,000, 1935. Legal Opinion by: Carey & Kerr, at-Int ¢ P ble: M 1 d N 1 torneys, Portland, Ore. nterest Payable: May 1. an ov. L Offered by: Commonwealth Securities Interest and Principal Payable: At Corporation, Portland. Ore.. Mav 1, 1930, trustee’s office. at par ELECTRIC STEEL FOUNDRY, Portland, Oregon FIRST MORTGAGE 6% GOLD BONDS ren $150,000 Registerable: As to principal. 13,500 Denominations: $500, $1,000. ~ Callable: On any interest date, on or -36,500 herore April 1, 1932. at 102: thereafter at 101. Sinking Fund: Provisions for depositing April 1st annually with trustee a sum of not less than but equal to 30% of net profits of company after a reasonable reserve for depreciation and taxes; or in lieu thereof a corresponding amount of outstanding bonds for cancellation. Tax Statux: Federal normal tax limited to 29% paid by company. Mortgarer: Electric Steel Foundry. Authorized ........ Retired _. Dutstanding, June 1, 1930......... Dated: April 1, 1927. Matures: April 1, 1937. Property: 4.42 acres of land and manufacturing plant thereon, located n City of Portland, Ore. Security: First mortgage on prop->rty and manufacturing plant. Interest Payable: April and Oct. 1. Interest & Principal Payable: At rffice of trustee. ’ Trustee & Registrar: Security Savnes & Trust Co... Portland Ore -q ELLENSBURG NORMAL SCHOOL DORMITORY BUILDING CORPORATION Ellensburg, Wash. 514% FIRST MORTGAGE BONDS ©,000 Security: First mortgage in form of a0 trust on buildings; annual rentals, $20,000, paid direct to trustee for the bond holders. Interest and Principal Payable: At trustee's office. Trustee: Old National Bank & Union Trust Co., Spokane. Offered by: Ferris & Hardgrove. Spoane and Seattle FV 4 | THOMSON'S MANUAL EMANUEL HOSPITAL, Portland, Oregon FIRST MORTGAGE 6% SERIAL GOLD BONDS ©150,000 Interest Payable: Feb. 15 and Aug. 15. 34,500 Interest and Prineipal Payable: At - trustee's office. 20 Trustee: Equitable Trust Company, ty Portland, Ore. Registerable: As to principal. Denominations: $500. Callable: Whole or in part on any interest date on 30 days’ notice in inverse numerical order at 102 and accrued interest. Tax Status: Normal Federal Income tax paid. . Mortgagor: Emanuel Charity Board. Offered by: Ferris & Hardgrove., Seattle, February, 1925. Authorized ...... Retired ......... Outstanding, June 1, 1950......... Dated: Feb. 15. 1925. Due: x. ic 1926-27. Property: Hospital, modern, 6-story, reinforced concrete, fireproof structure containing 145 beds. Location: Property bounded by Stanton, Graham, Gantenbein and Commercial Streets, situated in the Eastside Tom pential district of the City of Portand. Security: Physical properties and equipment pledged under this first closed. mortgage, appraised at $355.000. THE EXETER COMPANY GENERAL OFFICE: Skinner Bldg. Seattle, Wash. BUSINESS: The Exeter Company, a Washington Corporation, is one of the largest owners of central business and other properties in and adjoining the City of Seattle. Title to company's properties was formerly vested in several individuals and states having common interests, and is now solely owned in fee by the Corporation. The principal Seattle properties owned include the following: Holland Building, 1417 4th Avenue, between Pike and Union Streets. Sherman & Clay Building, Southeast corner of 3rd Avenue and Pine Street. Crawford & Conover Building, 1528 3rd Avenue, between Pike and Pine Sts. Terminal Building, 910 Western Ave. extending the entire block between Marion and Madison Sts. Colebourne Apartments, 414 Yale Avenue North, between Republican and Harrison Sts. Cadillac Building, Northwest corner of 2nd Avenue and Jackson Street. Exeter Residence Hotel, Northwest corner of 8th Avenue and Seneca Street. FUNDED DEBT, As of Dec. 31, 1929 First (Fee) Mortgage Sinking Rate Dated Due Authorized Outstanding Fund Gold Bonds......._............. 6% 8-1-27 8-1-37 $475,000 $475,000 Interest Payable: Feb. 1 and Aug. 1, Tax Status: Company pays normal trustee’s office. Federal Ineqms tay up, to Re I t Trus : ; ; Security: ese bonds in addition to for ates Metropolitan National Bank, being a direct obligation of the Exeter R oe ag Company, are specifically secured by egisterable: As to principal. a first closed mortgage on the north-Denominations: Coupon, $1,000 and west double corner at 8th Avenue and $500. Seneca Street, in the City of Seattle Callable: As a whole or in part on 30 ).20%120), and the building constructed a ’ fog : : .hereon. ays’ notice at 101 and interest Legal Opinion by: Donworth, Todd & Sinking Fund: An annual sinking Holman, and Peters & Powell. - fund will provide for the retirement of Offered by: Whitney, Carter and Co., $200,000 of these bonds prior to matur- Fix & Latimer, Aug. 1927, at 99. ity by purchase in the open market, or Listed: Seattle Stock Exchange. if not so obtainable, by call by lot at Price Range: 1929—High, 981%; Low, 101 and accrued interest. 97 8 EYRES BUILDING, Seattle, Wash. FIRST MORTGAGE 6% SERIAL GOLD BONDS Authorized ..... £240,000 at Walker St., with frontage on all Retired ...... . 28.000 three streets, Seattle, Wash. C—_ Security: First mortgage on land, Outstanding, June 1, 1930............$212,000 building, and income therefrom. Dated: May 1, 1926. Due: Serially, Maturities: May 1 of each year— 1928-317. S500%: 1928; $10,000, 1929 and 1930; Property: Building 120x148 feet, 7 11,000, 1931, 1932 and 1933; $12,000, stories and basement, of concrete and 1934; $13,000, 1935; $14,000, 1936 and steel fireproof construction, designed 1937: $126,000, 1937. for storage purposes and served by a Interest Payable: May 1 and Nov. 1. spur connecting it with all railroads Interest amd Principal Payable: At entering the city. office of W. D. Comer & Co. Seattle. Location: First So. and Utah Aves. Trustee: W. D. Comer REAL EST Registerable: As to principal. 1, 1937, shall be the same as during the Denominations: $1,000, $500, $100. previous year. ~ Callable: After 3 years, at 102 and Tax Status: 29% paid by borrower. interest. . Sinking Fund: Monthly deposits with Mortgagor: Eyres Storage and Disthe trustee equal to one-twelfth of the tributing Co., of Seattle, Wash. principal and interest maturing that Offered by: W. D. Comer & Co. Sevear, except that payments from May attle, May. 1926, at par FIRST NATIONAL BANK BUILDING, Salem, Oregon FIRST MORTGAGE 6% SINKING FUND GOLD BONDS Authorized .........___..._ _...........%3225000 Registerable: As to principal. ted: Sept. 1, 1926. Due: Sept. 1, Denominations: $500 and $1,000. Property: An 11-story class A bank Calable: Redeemable upon 30 days and office building, on lot 45x110 ft, notice at 102 and accrued interest. Location: Corner of State and Liberty Sinking Fund: Monthly installments Sts.,, Salem, Ore. began Sept. 1, 1929, in amount sufficient Security: Closed first mortgage on to retire $150,000 par value of bonds. land sand building, appraised value Tax Status: Company pays normal Interest Payable: March 1 and Sept. Federal lucome Lax wp to 2%. , at trustee's office. Mortgagor: T. A. Livesley, Inc. Trustee: Bank of California, N. A, Offered by: Blyth & Co. Portland. Portland, Ore. Ore., Sept., 1926. FIRST REALTY CORPORATION GENERAL OFFICE: 623 Second Ave. Seattle, Wash. HISTORY: Incorporated in 1925 under the laws of the state of Washington, for the purpose of investing and reinvesting its capital in real property, leaseholds and/or personal property in the Pacific Northwest. The initial capitalization amounted to $50,000, which was increased at the end of the first eighteen months to $120.000: in February. 1929. to $500.000: in August. 1929 in excess of £1.000.000. PROPERTY: Hartford Building—Second and James Street, completed fall of 1929. First Hill—Three double corners—southwest corner Terry and Madison, northwest corner Minor and University, southeast corner Harvard and Union. Pine Street—Northwest corner Melrose and Pine. Super-Service Station. completed summer of 1929. 99-year lease southeast double corner Seventh and Pine. 99-vear lease southwest corner (70x120 feet) Seventh and Pine, on which construction was started in 1930 on the 19-story Roosevelt Hotel. Minor interest Center Investment Company, owners northeast corner Fourth and Pine Street. Broadway—100 feet east side of Broadway between Harrison and Republican. numbered 420-28 Broadway North. Westlake—Southwest double corner Westlake and Republican. University District—Ives Building, northwest corner University Way and East Forty-fifth. Murphy Building, northeast corner East 45th and Brooklyn. Everett—Southwest double corner Colby Avenue and California. Bellingham—Southwest double corner Cornwall and Magnolia Street. Portiand—Northeast corner Grand Avenue and East Morrison. On Aug. 1, 1930, company assumed management of certain business properties in Seattle, controlled by the Skinner & Eddy Corporation, as follows: Grand Building, southeast corner Third Ave. and Pine St.; Cheasty Building, northeast corner Third Ave. and Pike St.; Fifth Avenue Building, southeast corner Fifth Ave. and Pike St.; Barker Hotel, northwest corner Sixth Ave. and Pike St.; Holland Building, west side of Fourth Ave. between Union and Pike Streets. SUP?" ARIES: First Realty Hotel Corporation, wholly owned, organized in 193: ¢ the Roosevelt Hotel at Seventh Ave. and Pine St., Seattle. ] OFFICIIRS: Henry Broderick, chairman of Board; M. Ross Downs, Pres.; Claude A. Bhi‘hriek. Vice Pres. & Treas.; Richard Ward, Vice Pres.; Arthur E. Burr, Secy. DIRECTORS: Lawrence M. Arnold, Cebert Baillargeon, Henry Broderick, Arthur E. Burr, Caspar W. Clarke, Charles T. Donworth, A. S. Downey, M. Ross Downs, J. Arthur Younger, John Graham, Robert P. Greer, Philip D. MacBride, Stanley N. Minor, Claude A. Philbrick. H. C. Rolfe. WW Secrubv. Jav C. Silverstone, J Von Herberg, Richard Ward. Fiscal Year Ends: June 20 446 THOMSON'S MANUAL CAPITALIZATION, As of June 30, 1930 Par Value Authorized Outstanding Class A STOCK ...cmmmmmmsrissmsssnr i LOY 200,000 shs 100,000 shs Common Stock eeeeeoeceeeeceeeeeeeneeeeee-NO Par 40.000 shs 10,000 shs 1. 2. i. CLASS A PARTICIPATING PREFERENCE STOCK Provisions: Entitled to preferential shall not be entitled to vote except in non-cumulative dividends up to $1 per the event of the non-payment of divishare. The Common stock shall then dends for any two-year period. be entitled to 25¢ per share; thereafter Transfer Agent & Registrar: First the remaining net earnings declared as geattle Dexter Horton National Bank. dividends shall be divided in the ratio of 809% to Class A stock and 20% to Legal Opinion by: Donworth, Todd Common stock. Class A stock entitled, Holman and Kerr, McCord & Ivey. in the event of liquidation, up to $25 Publie Offering by: First Seattle per share. The Common stock shall Dexter Horton Securities Co., Seattle then be entitled to receive $15 per Co., Dean, Witter & Co., Peoples Seshare; thereafter remaining assets curities Co. and others, at $12.50. shall be divided 80% to Class A stock Listed on: Seattle Stock Exchange. and 20% to Common stock. Price Range: 1929, high, 141%; low, Voting Power: The Class A stock 1%. COMPARATIVE BALANCE SHEET, As of June 30 ASSETS— Cash aNd CAll LOANS eeeeeeeemaeeeeaeemeesammmmmememmmcancmenenanesrassreses 3 Notes and Accounts Receivable... ieee BeCUuTTIEE DOWIE .....contmmmmiioin cirri ies ES BE SA AES S TORRE Ha ww ems Real Estate OWned. ieee renee nan Leaseholds ccc... ve ts nnE—————_—————arEam ARERR SESE SR AER INVESLIBONES coeeereremcmseeenommmrrnssmresnsnssmsmnsssssmsssssssssssnsasnsntnstraneanes bo supe Mortgages Receivable ....... cocccsssmmmermmissssssosssmmmss sesso smrmmes Lease DePOSItS ciara semen nese eaee Deferred CRATES .oceccceevcces = + + eeceecerrrmsr er ereemc semen ne nner omens Stock Subscriptions ..... 1930 609,559 15,487 2,750 492,502 61,371 28,925 4,432 135,000 5,939 en TOTAL ASSETS eens ..%1.356.795K LIABILITIES— CLASS A STOCK en oeeeeeeeeeeeeeeeeeeesaeeaeeseneeensnamnnemmmne enn onereeneene- $1,000,000 COMMON STOCK cee eeeea in eean een eenn noes omens massa smnn samen onns 15,900 Mortgages Payable oie eee 294,177 Tenants’ DePOSItS meee rrccne mss rr eee senn sere nes enna 9,777 Depreciation ReSeIVEe ...oocoeoeioioacreeieremmmmeensnmmmmnoenn eens 8,216 Surplus ...... nnn ————a eam n Ame RAPHE TREE 28,725 TOTAL LIABILITIES ieee oo _.....81.356.79h 1929 151,079 40.832 295.442 21.821 529 174 e 500,000 5,625 18,750 14.799 $ 539.174 FIRST REALTY HOTEL CORPORATION (ROOSEVELT HOTEL) . Seattle, Wash. 614% FIRST MORTGAGE LEASEHOLD SERIAL GOLD BONDS Authorized & Outstanding............$235,000 1985; $15,000, 1936-38, incl.; $17,500 Dated: April 1, 1930. 1939; $130,000, 1940. Due: Serially, 1932-1940. Interest Payable: April and Oct. 1. Property: 19-story hotel, built in Interest & Principal Payable: At 1930, on lot 70 by 120 ft. held on 99- trustee's office. vear lease. Leased to Maltby, Thurs- Trustee: Peoples Bank & Trust Co, ton Hotels, Inc. Seattle Trust Co., co-trustees. Location: Southwest corner Seventh Denominations: $1,000 and $500. Ave. and Pine St., Seattle (120 ft. on Callable: As a whole or in part, in Pine). inverse numerical order, on any inter-Security: First mortgage on lease- est date, at 103. hold, building and fixtures. Also di- Tax Status: Borrower pays 2% Fedrool Dhligaiien of Firs Realty Cor- eral income tax. poration and its subsi iary, the First Legal Opinion by: Charles T. Don-Realty Hotel Corporation. worth and Philip D. McBride. Maturities: Serially, April 1, of each Offered by: Peoples Securities Co. vear: $10,000, 1932-34, incl.; $12,500, and Seattle Co.. April, 1930, at par. REAL ESTA. FREE AND ACCEPTED MASONS OF WASHINGTON, Seattle, Wash. 5% SERIAL GOLD BONDS ..--$300,000 Interest Payable: Semi - annually, - 127,500 April and Oct. 1st. Interest and Principal Payable: At trustee’s office. Trustee: First Seattle Dexter Horton National Bank. Denominations: $1,000 and $500. Callable: April 1, 1927; 30 days’ notice at 100 and interest, in inverse order. Tax Status: Normal Federal income tax 29%, paid by mortgagor. Offered by: Ferris & Hardgrove, Seattle, Wash. Authorized ............ Retired ........ Outstanding Dated: April 1, 1926. Due: 1927-33. Property: 4-story home for Masons. their widows and orphans. Loeation: Zenith, South Seattle, Wn, Security: Pledge of revenue and credit of Free Masonry in Washington. Maturities: Oct. 1, 1930, $22,500; April 1. 1931, $25,000; April 1, 1932, $27,500; Oct. 1, 1931, $25,000: Oct. 1, 1932, 327.500. FRYE INVESTMENT COMPANY, Seattle, Wash. GUARANTEED 10-YEAR FIRST MORTGAGE 69% GOLD BONDS Authorized $1,200,000 Interest Payable: June 15th and Dec. yee June 15, 1928. Due: June 15, 15th, at trustee's office. Property: Business snd industrial Trustee: The Bank of California, N.A. properties in Seattle, Tacoma, Everett, Registerable: As to principal only. Bellingham, Centralia, Bremerton and Denominations: Coupon, $1,000 and Buckley, Wash.; Portland, Ore., and San $500. Francisco, Calif. Callable: As a whole or in part upon Security: Closed first mortgage (less any interest date up to June 15, 1930, than 489%) on properties valued at at 102% and accrued interest; there-$2,511,432, of which the improved prop- 1fter up to une 15, 1932, at 102: to erties are $2,212,682 in value and the June 15, 1934, at 101%; to June 1, 19384, animpraved $298,750. ; Yolapiiong are at 101; thereafter to maturity at 100%. ased on the appraisals of John Davis : . ia inki & Co., of Seattle; Vincent D. Miller, Sinking Futd: Semi-anpus] sinking fund payments beginning June 5, 1932, Inc.,, Seattle; Buckbee, Thorne & Co., in the amount of $80,000 per vear San Francisco, and Lueddemann & Co.. : NU Portland. More than 909% in value of Legal Opinion by: Messrs, Peters and the real estate and improvements secur- Powell, Seattle, and Donworth, Todd & ing this loan is situated in the cities Holman of Seattle, Tacoma. Portland, and San Offered by: Geo. H. Burr, Conrad & Francisco. Broom, June, 1928, at 100. GARDNER J. GWINN, INC. GENERAL OFFICE: 408 New Orpheum Bldg. Seattle, Wash, HISTORY: Incorporated under laws of Washington, 1921. RUSINESS: Company is engaged in the development of real estate, construction of various types of buildings thereon, for holding or resale. PROPERTY: Owns property carried on books at cost price of $2,172,500. OFFICERS: Gardner J. Gwinn, Pres. and Treas.; F. I. Averill, Vice-Pres.; J. L. Anderson, Secy. DIRECTORS: Gardner J. Gwinn, F. L. Averill, J. I.. Anderson. H. H. Dogue. Craig L.. Spencer, W. E. Froude., GENERAL COUNSEL: W. E. Froude, Seattle. Fixeal Year Ends: Dec. 31. Annual Meeting: Jan. 10. CAPITALIZATION, As of Dee, 31, 1929 Par Value Authorized Outstanding 1. Preferred Stock ...ocoeeeeeiieeecevicicceeeeee.. No Par 200,000 shs 4,000 shs 92 Common Stock ~~ No Par 100 000 shs 100 000 shs i. CUMULATIVE PREFERRED STOCK Provisions: Entitled to cumulative Dividends: Payable quarterly, Jan. dividends at the rate of $1.75 a share Apr.,, July and Oct. 15th of each year. per annum. Stock I issued in Serie Have been paid regularly to date. the proceeds of each series to be use in the construction of a particular Public Offering by: Gardner IT huiiging and in turn the revenues fom Gwinn, Inc. the building shall provide among other . things for Fo lands of the pre- Price: $25 with bonus one share of Ferred shares in ten vesars YOM NM ON THOMSON'S MANUAL THE GAINSBOROUGH APARTMENT, Seattle, Wash. 7% FIRST MORTGAGE SERIAL GOLD BONDS Authorized .....ooooeeemeeeieeeeeceeee--$400,000 1937, and Jan. 15, 1938, $8,500; July 15, Dated: Jan. 15, 1930. Due: Serially, 1938, and Jan. 15, 1939, $9,000; July 15, 1932-40. 1939, $9,500; Jan. 15, 1940, $285,500. Property: 13-story reinforced con- Interest Payable: Jan. and July 15. erete building containing 246 rooms ar- Interest and Principal Payable: At ranged in suites of 4, 5 or 6 rooms, office of Wm. D. Perkins & Co., Seattle, opened in.1930, on lot 128x120. owned Wash. in fee. Trustee: National Bank of Commerce. Locatien: Southwest corner at Minor Seattle, Wash. Ave. and Spring St. Seattle, Wash. Registerable: As to principal. Security: Direct obligation of the Denominations: $500, $1,000 Gainsborough Investment Company and ’ ’ : secured by a first mortgage on the Callable: On or after Jan. 15, 1933, above described land and building. on any interest date at 102. Maturities: Serially, July 15, 1932, Tax Status: No deduction for Federal $6,000; Jan. 15, 1933, $6,000; July 15, ncome tax up to 2%. 1933, and Jan. 15, 1934, $6,500; July 15, Mortgagor: Gainsborough Invest-1934, and Jan. 15, 1935, $7,000; July 15, nent Co. 1935, and Jan. 15, 1936, $7,600; July 15, Offered by: Wm. D. Perkins & Co. 1936. and Jan. 15, 1937. $8.000: July 15, Seattle, Jan., 1930. THE CORPORATION OF GONZAGA UNIVERSITY, Spokane, Wash. AIRST AND REFUNDING MORTGAGE 5% GOLD BONDS .....$150,000 1, 1935, when $130,000 is due. 6,000 Interest Payable: Semi-annually, —_— Mar. and Aug. 1. . Outstanding, June 1, 1930............$144,000 Interest & Principal Payable: At Dated: March 1, 1925. trustee's office. Due: Serially, 1927-1934. Trustee: Old National Bank & Union Location: One mile from business Trust Co., Spokane, Wash. center of Spokane, Wash. Registerable: Coupon bond, 'regis-Security: First mortgage on all real terable as to principal. estate and buildings of the university, Denomination: $500. including main building, gymnasium, Callable: On 60 days’ notice at 102. dormitory, college infirmary, stadium. Meortgagor: The Corp. of Gonzaga All property appraised at $788,000 in University. 1925, Legal Opinion by: Graves, Kizer & Maturities: Serially, March 1 of each Graves. vear, commencing March 1, 1930, $2,000, Offered by: Ferris & Hardgrove. and increasing $500 each vear to March Spokane, Wash. Authorized . Retired _ GROUSE MT. HIGHWAY & SCENIC RESORT, LTD., Vancouver, B. C. 614% FIRST CLOSED MORTGAGE BONDS Authorized oo oeineeeennnnnn..-$250,000 at Bank of Montreal, Vancouver, Vic-Dutstanding, May 9, 1930............$250,000 toria and Edmonton. Dated: Dec. 1, 1926. Trustee: Toronto General Trusts Due: Dec. 1, 1946. Corp. Property: Scenic highway up Grouse Registerabler As to principal only. Mountain and 1,500 acres of land and Denominations: $100, $500, $1,000. chalet on top of the mountain. Callable: At 105 on due notice. Location: Directly across Burrard Sinking Fund: $12,500 per year to Inlet from Vancouver, B.C. buy bonds at market or call. . . ] Meortgagor: The Grouse Mountain Security: Closed first mortgage on Highway and Scenic Resort, Ltd. antire property. Offered by: Royal Financial Corp.. Interest Pavable: June and Dec. 1, Ltd., Dec.. 1926, at 9814. HAINSWORTH APARTMENTS (Spring Apt. Hotel), Seattle, Washington FIRST MORTGAGE 7% SERIAL GOLD BONDS Authorized ..................._. reee$430,000 1932, $25,000; 1933, $26,500; 1934, $272,-Retired .._ ccc... . 105,500 500. - a— = Interest Payable: Mar. and Sept. 15. Outstanding, June 30, 1930............8324,00¢0 Interest and Principal Payable: At Dated: Sept. 15, 1922. trustee's office. Due: Serially, 1924-1934. Trustee: S. W. Straus & Co. Property: 1l-story, fireproof apart- Denominations: $1,000, $500, $100. ment building on lot 60 by 120. Callable: At 103 at any time, Location: Northeast corner Fifth Sinking Fund: One-twelfth of in-Ave. and Spring St., Seattle. terest and principal due during current Security: First mortgage on land, year deposited with trustee each month. pbuilding and furnishings. Tax Status: 49% paid by borrower. Maturities: Sept. 15 of each year; Mortgagor: Wm. H. Hainsworth, Se-1924, $15,000; 1925, $16,000; 1926, $17,- attle, Wash. 000; 1927, $18,000; 1928, $19,000; 1929, Offered by: S. W. Straus & Co. at $20.500: 1930. $22,000: 1931, $23.500: par, Sept., 1922. REAL ESTAT. AN HARRISON HOT SPRINGS HOTEL (CO., LTD., Vancouver, B. C. HISTORY: Organized in 1925 to build the Harrison Hot Springs Hotel and exploit the hot springs as a health resort. BUSINESS: Company operates hotel and natatorium, also operates own hydroelectric plant supplying own requirements and providing light and power for all residents of the Harrison Lake district. PROPERTY: Company owns total of 517 acres in and around Harrison Hot Springs townsite, potash and sulphur springs carried on books at $45,963, and buildings and plant carried at $424,336. OFFICERS AND DIRECTORS: A. D. Anderson, Pres. and Managing Director; Col. E. J. Ryan, Vice-Pres.; Col. J. F. Keen, Secy.-Treas.; Walter F. Evans, Col. Nelson Spencer, W. B. Farris, E. B. McDermid. CAPITALIZATION, Dec. 31, 1929 Lar Value Authorized 3100 $300,000 $10 $550,000 Outstanding $300,000 $550.000 1. 2 Cum. Pref. Pref. Stock... Common Stock ..._ 7% CUMULATIVE PARTICIPATING Provisions: Preferred as to assets in liquidation and to 7% cumulative dividends beginning Oct. 1, 1929. Participates equally with common when, if and after both have received 79% dividends. Callable: On or before Oct. 1, 1931, at $102; following two years at 103 and thereafter at 105. Voting Power: Sole voting power in the event 4 quarterly dividends shall be in default, not to terminate until such dividends are fullv paid REDEEMABLE PREFERENCE STOCK Dividends: Payable quarterly, Jan. Apr., July and Oct, at the rate of 7% per annum. Sinking Fund: After payments of dividend on preferred; one-half remaining net profits shall be placed in reserve for retirement of preferred shares. Transfer Agent and Registrar: Montreal Trust Company, Vancouver, B.C. Public Offering by: Royal Financial Corporation, Ltd., Sept. 1929, at 100, with 1 share common as bonus. HIGHLAND DRIVE APARTMENTS, Seattle, Wash. FIRST MORTGAGE 6% SERIAL BONDS Authorized ...._.._. '£,000 year through May 15, 1930, and the bal-Retired ............ 2.600 ance, $163,000, matures May 15, 1931. Interest Payable: May 15 and Nov. Dutstanding, June 1, 1¢,0.. oo. Dated: May 15, 1921. Interest & Principal Payable: At Due: Two to ten years. office of 8. W. Straus & Co. Property: 4-story apartment house, Denominations: $1,000, $500, $100. containing 229 outside rooms, covering Callable: At 102 and interest. entire city block. Sinking Fund: One-twelfth of the Lecation: Queen Anne Hill district, amount due for the current year for bounded by Highland Drive, First Ave, principal and interest must be paid W., Comstock St., and Second Ave. W,, each month. Seattle. Tax Status: Security: First mortgage on land A Mortgagor: and building. John Graham, Maturities: Starting with $15,500 Offered by: Mav 15 1923 and increasing £1.000 each 1921. at 100. HUNGERFORD HOTEL, Seattle, Washington FIRST MORTGAGE LEASEHOLD 614% SERIAL COUPON GOLD BONDS Authorizea cen $260,000 1933, $9,000; 1934, $9,500; 1935, $10,000; Retired eenanns 4,000 1936, $11,000; 1937, $12,000; 1938, $13,-—_ e— - 000; 1939, $14,000: 1940. $14,000; 1940, Nutstanding, May 9, 1930............$256,000 $161,000. Dated: March 1, 1928. Interest Payable: Mar. 1 and Sept. 1. Due: Serially, 1930-40. Interest and Principal Payable: At Property: 99-year leasehold on land, office of 8. W. Straus & Co. 75 by 111 ft.,, and 9-story hotel and Trustee: Edwin L. Bowes, Vicestore building of reinforced concrete Pres., Straus & Co.. Straus Trust Co.. surfaced with brick, containing 174 co-trustee. guest rooms and 7 kitchenette apart- Registerable: As to principal. ments. Denominations: $1,000, $500, $100. Loeation: Northeast corner 4th and Callable: At 103 for the first five Spring, Seattle. Wash. (75 ft. on 4th years and at 102 thereafter. Ave.) Tax Status: Company pays normal security: Closed first mortgage on Federal income tax up to 29%. leasehold and building. Value of build- Mortgagor: Hillcrest Investment Co., ing is appraised at $435,000, and the P. Bassett, Pres. value of the leasehold estate is $50,000. Legnl Opinion by: Peters & Powell. Maturities: March 1 of each year; Difered by: S. W. Straus & Co., Mar, 1930. $4.000: 1931. $8.000: 1932. 88.500 328 Bo THOMSON'S MANUAL HEILIG THEATER COMPANY, Portland, Oregon FIRST MORTGAGE 6% GOLD BONDS Authorized & Outstanding............$125,000 Interest & Principal Payable: At Dated: Aug. 2, 1909. trustee's office. - Due: Aug. 2, 1929, extended to Aug. Trustee: Security Savings & Trust 2, 1934. Co., Portland, Ore. Property: Lots 3 and 4 and EY% of Registerable: As to principal. Lots 5 and 6, Block 210, City of Port- Denomination: $500. land, Ore. . . Security: First mortgage on real Callable: At any interest paying property and building thereon. date at 105. Interest Pavable: Feb. and Aug. 1. Mortgagor: Heilig Theater Co. UNIVERSITY OF IDAHO MEMORIAL BUILDING ASSOCIATION Moscow, Idaho FIRST MORTGAGE 6% GOLD BONDS . $225,000 Interest Payable: Apr. 1 and Oct. 1. a 10,000 Interest gna Principal Payable: At . : ed ix trustee’s office. Outstanding, April 12, 1930.......$215,000 Trustee: Spokane & Eastern Trust Dated: April 1, 1927. Company. Due: Serially, 1929-1947. Registerable: Coupon bonds, regis-Property: Building 110 by 220 ft. terable as to principal : the largest in cubical content on Idaho ’ : University campus. Contains drill hall Denomination: $500. and seats 3,500 at athletic games and Callable: After 1932 at 102, on any 5,000 when used as an auditorium. nterest date, on 60 days’ notice, in Loeation: State University campus, ~hole or in part, commencing with the Moscow, Idaho. ond lowest in number then outstand-Security: Lease contract between ng. Memorial Association and University, Sinking Fund: Established by Rewhereby university will lease and even- Zents of university, in which $10.00 tually acquire the building by paying annual fees are used exclusively for definite fixed sums over a period of 20 payment of interest and ultimate reyears. tirement of the bonds. Maturities: April 1 of each year; Tax Status: Exempt from Federal $5,000, 1929 to 1932, incl.; $7,500, 1933 tax. and 1934; $10,000, 1935 to 1938, incl.; Mortgagor: Idaho Memorial Building 312,500, 1939 to 1942, incl.; $15,000, 1943 Association. and 1944; $20,000, 1945; $25.000, 1946 Offered by: Murphy, Favre & Co. and 1947. Spokane, Wash., April, 1927. JOHN ALDEN APARTMENT BUILDING, Seattle, Washington FIRST MORTGAGE 7% SERIAL GOLD BONDS eeeeemnaeeemnennnnnnen $195,000 Interest Payable: Feb. 1 and Aug. 1. reeeeeee 39,000 Interest and Principal Payable: At _— W. D. Comer & Co. National Bank of Outstanding, June 1, 1930............$156,000 Commerce, Seattle; Chase National Dated: Feb. 1, 1924. Bank, New York. Due: Serially, 1926-1934. Registerable: As to principal. Property: Four-story apartment Denominations: $100, $500, $1,000. building on land 120 by 120 ft. Callable: After 5 years at 102. Location: Southwest corner Terry Sinking Fund: Each month 1-12th Avenue and Spring Street, Seattle. of principal and interest maturing dur-Security: First mortgage on land, ing current year, deposited with trusbuilding and equipment and the income tee. therefrom. Appraised value, $375,000. Tax Status: Federal income tax of Maturities: Feb. 1 of each year; 2% paid by borrower. $5,000, 1926; $7,500, 1927; $10,000, 1928; Mortgagor: Colonial Investment Co. $12,500, 1930; $10,000, 1929; $12,500, of Seattle, Wash. 1931; $14,000, 1932; $15,000, 1933; $15,- Offered by: W. D. Comer & Co., Feb.. 000, 1934: $108.500, 1934. 1924, at par. Authorized ..... Retired .. JOHN WINTHROP APARTMENT BUILDING, Seattle, Washington FIRST MORTGAGE 7% SERIAL GOLD BONDS eeeenee- $195,000 building and equipment and income 30,000 therefrom. Appraised value of prop-—_— erty: Land (double corner, 128 by 100 Dutstanding, June 1, 1930............$165,000 ft.), $37,500; building, $339,200: total, Dated: April 1, 1925. $376,700. Due: Serially, 1927-1936. Naturities: April 1 of each year; Property: Five-story building, brick $2,500, 1927; $7,500, 1928; $10,000, 1929 construction; 164 rooms, in two and and 1930; $12,000, 1931; $14,000, 1932; three-room suites. Lot 128 by 100. 215,000, 1933, 1934 and 1935; $94,000, Location: Northwest double corner 036. nf Boren Ave. and Seneca St., Seattle. Interest Payable: Apr. and Oct. 1. Security: First mortgage on land. Interest and Principal Payable: At Authorized ......_ ... Retired _.. REAL ESTZ/ Chase National Bank, New York City, W. D. Comer & Co. Seattle; National Bank of Commerce, Seattle. Trustee: W. D. Comer, Seattle. Registerable: As to principal. Denominations: $100, $500, $1,000. Callable: After five years at 102 and interest. Sinking Fund: Trust mortgage provides for monthly deposit of 1-12th of principal and interest maturing during current year, except from Apr. 1, 1935, to Oct. 1, 1935, will be same as during previous year. Tax Status: 2% Federal income tax paid by borrower. Mortgagor: Colonial Investment Co., Seattle, Wash. Offered by: W. D. Comer & Co. Seattle. April. 1925 KELLER-BOYD BUILDING (Fox-Broadway Theatre), Portland, Oregon FIRST MORTGAGE 6% BONDS Authorized .......___. Retired ............. . Dutstanding, June 1, © ° Dated: Sept. 1, 1925, Due: Serially, 1927-19414 Property: Lots 5, 6, 7, «nd ., Block 182, Portland, together with theater building and equipment located thereon. Location: Broadway and Salmon Streets, Portland, occupied by Fox-Broadway Theater. Maturities: Sept. 1 ot each year; $10,000, 1927; $11,000, 1928; '71,500, 12290 $12,500, 1930; $13.000, 1931; 500, $15.000, 1933: $15,500, 1934: $16,500, itod *350,000 32.500 $17,500, 1936; $21,000, 1939: $25,000, 1942, 29,500, 1945. Interest Payable: Mar. and Sept. 1. Interest and Principal Payable: At trustee’s office. Trustee & Registrar: U. S. National Bank, Portland, Ore. Registerable: As to principal only. Denominations: $500 and $1,000. Callable: On any interest date at sar plus % 9% for each unexpired year. Tax Status: 29 paid by company. Mortgagor: W. E. and Germaine Downs Boyd and R. K. and Bertha Stuart Keller $18,500, 1937; $22,000, 1¢ 9; £26,500, 1943: $19,500, 1938; $23,500, 1941; $28,000, 1944; LEWIS & CLARK HOTEL, Centralia, Washington FIRST MORTGAGE 7% GOLD BONDS eeeen.$175,000 Interest and Principal Payable: At 5,000 office of W. D. Comer, Seattle, Wash. — Trustee: W. D. Comer. Outstanding, July 15, 1930............4, 170.000 Registerable: May be registered as Dated: Jan. 1, 1927. to principal. Due: Serially, 1930-40. Denominations: $100, $500, $1,000. Property: Eight-story hotel with Callable: After three years at 102 102 guest rooms, 9 stores and garage and interest. on street level. Lot 120 by 120 ft. Sinking Fund: One-twelfth of prin-Location: Corner Pearl and Mag- :ipal and interest maturing during the nolia Streets, Centralia, Wash. urrent year deposited with trustee Security: First mortgage on land, each month, except that payments for building, furniture and equipment and the year from July 1, 1940, will be the income therefrom: appraised value, same as during the previous year. $345,000. Tax Status: 29% Federal income tax Maturities: July 1 of each year; paid by borrower. $5.000, 1930 and 1931; increasing $1,000 Mortgagor: Real Estate Developannually to and including 1935; $10,000, ment Co., Seattle, Wash. 1936 to 1939, incl.; $95,000, 1940. Offered by: W. D. Comer & Co.. Jan. Interest Pavable: Jan. and July 1. 1927 Authorized .........._..___. Retired ...... THE LOWELL APARTMENT HOTEL, Seattle, Washington FIRST MORTGAGE 644% GOLD BONDS Authorized & Outstanding............$390,000 to and including July 1, 1936; then on Dated: Dec. 1, 1928. Dec. 1 of each year, 1937, $22,000; 1938, Due: Serially, 1931 to 1940. $23,000; 1939, $25,000; 1940, $215,000. Property: Eleven-story fireproof, re- interest Payable: Jan. and July 1. inforced concrete construction with Interest and Principal Payable: At face brick. Contains 328 rooms, com- office of W. D. Comer & Co., Seattle. prising 158 apartments. Trustee: William D. Comer. Loeation: Northeast corner of Eighth Registerable: As to principal. Ave. and Spring St. Seattle, Wash, Denominations: $100, $500, $1,000. within walking distance of shopping Callable: On any interest payment and business center. jate at 102. Security: First mortgage on build- Tax Status: Federal income tax 2% ing and equity in furnishings repre- paid by borrower. senting an approximate loan of 55% Mortgagors: Harry E. Hudson and on appraised value of $710,000. James A. Gibbs and their wives. Maturities: Beginning July 1, 1931, Offered by: W. D. Comer & Co. at £15.000. and increasing $1 000 each vear nar THOMSON'S MANUAL MACLEAY ESTATE COMPANY, Portland, Oregon FIRST MORTGAGE 7% SERIAL GOLD BONDS Authorized ........_._.............$700,000 1931, to 1933, incl.; $45,000, 1934, 1935, Unissued ....._..__......_... 150,000 1936; $50,000, 1937 and 1938. Retired _......... ....... -... 169,000 Interest Payable: Feb. and Aug. 1. ——— Interest & Principal Payable: At Dutstanding, June 2, 1930............ 381,000 trustee's office. 5 » ‘ Trustee & Registrar: TU. S. Nationa Dated: Ang, 3, 1923. Bank, Portland, Ore. Due: Serially, 1925-1938. Registerable: As to principal only. Property: Four parcels of real estate Denominations: $500 and $1,000. situated in Portland, Ore. including 2 Callable: At 103 and accrued interbusiness blocks and 2 warehouses; 15,- est. 000 acres of timber in Curry County. Sinking Fund: All money received Oregon. from sale of Portland real estate, and Security: First mortgage on all the $40 per acre for all timber land sold property. or logged. Maturities: August 1 of each year; Tax Status: 29, Federal income tax $25,000, 1925; $30,000, 1926 and 1927; paid by company. $35,000, 1928 and 1929; $40,000, 1930. Mortgagoer: Macleay Estate Co. McBRIDE APARTMENT BUILDING (Ambassador Apartments) Portland, Oregon FIRST MORTGAGE SERIAL 7% BONDS Authorized ........... “75,000 $1,000 each year to and including Sept. Retired .... 26,000 1, 1932; Sept. 1, 1933, $180,000. — Interest Payable: Sept. 1 & Mar. 1. Dutstanding, June 1, 1930............$249,000 Interest and Principal Payable: By Dated: Sept. 1, 192i. S. W. Straus & Co., Seattle, Wash. Due: Serially, 1923-1933. Callable: At 102 and interest on 60 Location: Southwest corner Sixth days’ notice. and Madison Streets, Portland, Ore. Tax Status: Federal income tax, 4% Security: First mortgage on land covenant by borrower. and building valued at $570,000. - Mortgagors: Donald B. McBride and Maturities: On Sept. 1 of each year, Richard F. Wassel. beginning 1923, $15,000, and increasing Offered by: S. W. Straus & Co. THE McDOWALL BUILDING, Seattle, Washington 614% FIRST MORTGAGE LEASEHOLD S. F. SERIAL GOLD BONDS Authorized .............. ®27%,000 Interest Payable: May and Nov. 25. Retired .... ws « 000 Interest and Principal Payable: Af — trustee’s office. Out i X s 1890. & cane 85S; mn, Tune 30 asd + ErH000 Trustee: Seattle Trust Co. Due: Serially, 1928-1936. Denominations: $100, $250, $500, and Property: Eight-story modern office $1,000. : and store building. . Callable: On interest dates after 2 Location: Southwest corner of Third years at 102. Ave. and Union St. (opposite the post- Sinking Fund: Annual requirements office), Seattle, Wash. . for interest, taxes, ground rent, in-Security: Secured by a first mort- gyrance, etc., paid monthly to trustee. gage on the 99-year leasehold estate . ending Jan. 31, 2025, and building. Tax Status: Federal incoine fax up Maturities: Serially on May 25 each to 2% paid by mortgagor. a. year; 1928-1929, $13,000; 1930-31, $15,- Meortgagor: Union Street Building 000; 1932-33, $18,000; 1934-35, $21,000; Co. 1936, $141,000. Offered by: Seattle Trust Co. MALLORY HOTEL. Portland, Oregon FIRST MORTGAGE 614% SERIAL COUPON BONDS .§400,000 year: 1930, $27,500; 1931, $29,500; 1932, 104.000 $32,000; 1933, $37,000; 1934, $170,000. — : i . 15. Outstanding, July 1, 1930.......5206,000 jrierest avaible: ARUL IE AC DEL Oh ted: . . . tr § i ] s * 024 84 ei- 15, 1825. Lue: Serially office of 8S. W. Straus & Co. Property: Eight-story reinforced con- Denominations: $100, $500 and $1,000. crete structure, containing 196 rooms; Callable: 105 for first 5 years; 103 residential hotel; lot 100x100 ft. thereafter. . Leecation: Northwest corner of Sinking Fund: Monthly deposits of Lownsdale and Yamhill Sts., Portland, 1-12 of principal and interest coming Ore. due during the current year except Security: A direct closed 1st mort- final maturity. gage on land, building and equipment, Tax Status: 4% Federal income tax furniture and furnishings, and a first paid by borrower. lien on income from property. Mortgagor: Herbert Gordon. Maturities: Serially, Oct. 15 of each Offered by: S. W. Straus & Co. REAL ESTATY THE MARCUS WHITMAN HOTEL, Walla Walla, Wash. FIRST MORTGAGE 7% GOLD BONDS Authorized and Outstanding........$350,000 Interest Payable: April 1 and Oct. 1. Dated: Oct. 1, 1927. Due: Serially, Interest and Principal Payable: At 1930-41. fice of W. D. Comer & Co. Seattle. Property: 1l-story hotel of fireproof, Trustee: William D. Comer. } reinforced concrete construction, faced Registerable: As to principal. with brick and trimmed in cast stone. Denominations: $100, $500, $1,00. 175 rooms, all facing outside. Lot, Callable: On any interest date after 140x127 ft. years at 102.. Location: Second and Rose Streets, Sinking Fund: Monthly deposits with Walla Walla, Wash. the trustee by borrower of 1-12 of sSeeurity: 1st mortgage on land, build- amount of principal and interest, maing, fixtures, equipment, an increasing turing during current year. equity in the furniture, and the income Tax Status: 29% Federal income tax therefrom. Appraised value, $700,000. paid by borrower. Maturities: Oct. 1 of each year: Mortgagor: Real Estate Improvement 1930, $10,000; 1931, $11,000; 1932, $12,000; Co., Seattle. 1933, $13,000; 1934, $14,000; 1935-1941, Offered by: W. D. Comer & Co., Aug. 315.000: 1941. $185,000 1927. \TARLBOROUGH HOUSE, Seattle, Wash. 7% FIRST MORTGAGE GOLD BONDS N03,000 Maturities: On May and Nov. 10 of “no each year: amounts ranging from - $16,800 in 1930 to $29,800 in 1936; $323.-0 500, May 10, 1937. : Interest Payable: May and Nov. 10th, Interest and Principal Payable: At office of Wm. D. Perkins & Co., Seattle. Trustee: National Bank of Commerce, Seattle. Registerable: As to principal. Denominations: $100, $500, $1,000. Callable: On any coupon date at 102. Tax Status: Normal Federal income tax up to 2% paid by borrower. a Mortgagor: Marlborough Investment o. Offered by: Wm. D. Perkins & Co. Jaeattle Authorized .. Retired ..... Dutstanding, June 30, 1... Dated: May 10, 1927. Due 1928-37. Property: Twelve - story reinforced concrete building containing 81 modern apartments, also two-story garage, 54x120 ft. Lot. 120x160 ft., owned in fee. Location: Southeast corner of Boren Ave. and University St., Seattle. Security: Closed first mortgage on above land and buildings, also first lien on furnishings and income. Bonds are also a direct obligation of the Marlborough Investment Co. a a it MASONIC TEMPLE ASSOCIATION, Spokane, Wash. 5% FIRST AND REFUNDING MORTGAGE SERIAL GOLD BONDS vena $315,000 year: 1931, $17,000; 1932, $18,000; 1933, 61.500 $19,000; 1934, $20,000; 1935, $21,000; 1936, — $22,000; 1937, $23,000; 1938, $24,500; 1939, Qutstanding, June 1, 1930... $252, 00 $25,500; 1940, $27,000; 1941, $36,500. Dated: Oct. 1. 1925. Due" Serially. Interest Payable: Quarterly, Jan, 1927-1941. Apr.,, July and Oct. 1. Property: Property valued at $684,250, Trustee: Spokane & Eastern Trust including land of $111.250, 22214 feet Company. ‘rontage. Denominations: $100, $500 and $1,000. Location: North side of Riverside Callable: On any interest date on 60 Ave. running thru to Main Ave. west days ‘notice at 102. of Monroe Street, Spokane, Wash. Tax Status: 29% Federal income tax Security: First lien on the property paid by borrower. +f the Masonic Temple Association. Offered by: Spokane and Eastern Maturities: Seriallv. April 1 of each Trust Co THE MERCHANTS EXCHANGE BUILDING, Vancouver, B. C. 6% GOLD BONDS Authorized and Outstanding..__....$300,000 Trustee and Registrar: The Sterling Dated: Jan. 1. 1928. Due: Jan. 1, Trusts Corporation, Toronto. 1948. Registerable: As to both principal Property: A 2-story office building and interest. rovering half of a city block. Denominations: $100, $500, $1,000. Location: Corner of Howe and Hast- Callable: At 105 and accrued interest. ngts Street West, Vancouver, B.C. Tax Status: Without deduction for Security: Mortgage in favor on all ,ny taxes other than income taxes or the property and any other property jeccession or inheritance duties. which may from time to time be mort- ; Ltd gaged or charged in favor of trustee. Mortgagor: G. A. Stimson & Co., Ltd. Interest Payable: Jan. 1 and July 1, Offered by: G. A. Stimson & Co. L.td.. at anv chs "2red bank in Canada. Jan... 1928. at 100 THOMSON'S MANUAL MAYFLOWER THEATRE AND COMMERCIAL BUILDING, Seattle, Wash. FIRST MORTGAGE 7% GOLD BONDS Authorized & Outstanding............$520,000 Interest Payable: Feb. 1 and Aug. 1. Dated: Aug. 1, 1927. Interest and Principal Payable: At Due: Serially, 1930-1940. office of W. D. Comer & Co., Seattle. Property: Building designed in Trustee: William D. Comer. Spanish Renaissance, of fireproof, re- Denominations: $100, $500, $1,000. inforced concrete construction; ten Callable: On any interest payment stores on street level. date within 3 years at 102; thereafter Location: Northeast corner of Sev- at 101. enth Ave. and Olive Way. Sinking Fund: Monthly deposits Security: First lien upon the 97-year with trustee of 1-12th of amount of leasehold interest in the land, building principal and interest maturing during and equipment, as well as the Jcome the current year. therefrom. Also direct obligation o cS : i : Real Estate Improvement Co. Ap- pore tapas: Federal Income ‘tax, 2% praised. value of building, $1,050,000. Maturities: Aug. 1 of each year; Mortzagor: Real Estate Improve-1930, 1931, 1932, $15,000; 1933, 1934, $20,- ment Co. 000; 1935-1937, $25,000; 1938, $30,000; Offered by: W. D. Comer & Co., Aug. 1939, $35.000: Aug. 1. 1940, $295,000 1927, at par. 614% FIFTEEN-YEAR SERIAL MORTGAGE GOLD BONDS Authorized ..... ieee $750,000 $30,000, 1933; $32,000, 1934; $34,000, 1935; Retired ..._.....__. emrmemeeeee 23,000 $36,000, 1936; $38,000, 1937; $40,000, 1938; CL — $43,000, 1939: $46,000. 1940: $350,000, Outstanding, May 15, 1930............$727,000 1941. Dated: Aug., 1926. Due: Serially, Interest Payable: Feb. 1 and Aug. 1. 1929-1941 Interest and Principal Payable: At ‘rustee’s office. Trustee: Commonwealth Title & Trust Co., Portland, Ore. Registerable: Coupon bonds registerable as to principal only. Denominations: $1,000, $500, $100. Callable: By lot from the last outstanding maturity, at 103 and accrued nterest. Sinking Fund: Monthly rental paid to the trustee to be used for the paynent of taxes, insurance, interest and principal requirements of this issue. Sums remaining to be used for the call »f these bonds. Tax Status: Interest payable without leduction for normal Federal income ‘ax not in excess of 2%. Mortgagor: Medical Arts Building Co. Legal Opinion by: McCamant and Thompson, for the Underwriters; Mr. John Logan and Mr. Fred Heilig, for the Company. Offered by: Blyth & Co. FIVE-YEAR 7% GOLD BONDS Authorized and Outstanding........$145,000 Denominations: $500 and $1,000. Dated: Aug. 1, 1926. Matures: Aug. Callable: In numerical order on any L. 1931. interest date at 100 and accrued in-Security: A mortgage on the prop- terest. erty subject to a prior lien of $750,000 Sinking Fund: From all rentals after First (Closed) Mortgage 6%% Bonds. phe payment of operating expenses, Also secured by stock subscriptions .gxes and insurance and after paynotes of the doctors to the amount of ments to the sinking fund of the First $82,500. The payment received on these Mortgage Bonds. notes can be used only for the retire- . ment of this issue. Tax Status: Without deduction for Interest Payable: Feb. 1 and Aug. 1, pormal Federal income tax not exceedat trustee's office. ing 2% per annum. Trustee: Title and Trust Company, Mortgagor: Medical Arts Building Co. Portland, Ore. Offered by: Blyth & Co. REAL ESTATE MEDFORD CENTER BUILDING, Medford, Oregon FIRST (CLOSED) MORTGAGE 61% SINKING FUND GOLD BONDS Authorized .. ..$135,000 at trustee's office. Retired _. 23,500 Orbrustee: Title & Trust Co., Portland, —_— - re. Dutstanding, May 15, 1930............$111,500 Denominations: $1,000, $500, $100. Dated: Dec. 1, 1926. Callable: On any interest payment Due: Dec. 1, 1941, date at 105 up to and including Dec. 1, Property: Lot 140 by 100 ft. with 1928; thereafter at 103 up to and inalleys both on side and rear, giving cluding Dec. 1, 1935; thereafter at 101. four frontages. Four-story and base- Sinking Fund: Will retire over half ment concrete store and office build- the issue .within 10 years and over 90% ing, equipped with passenger and prior to maturity. freight elevators, and steam heat. Tax Status: Without deduction for Location: At the corner of Sixth normal ‘Federal income tax not in ex-Street and Central Avenue, in the cen- cess of 2%. Will refund Calif. personal tral business district of Medford, Ore. property taxes not in excess of 5 mills. Security: Closed first mortgage on Mortgagor: Medford Center Buildland and building, appraised at $235,- ing Co. 100. Offered by: Freeman, Smith & Camp Interest Pavable: June and Dec. 1, Co., Portland, Ore., Dec., 1926. + § METROPOLITAN BUILDING COMPANY GENERAL OFFICE: 1201 Fourth Ave. Seattle, Wash. CONTROL: 99% 9% of stock held by the Metropolitan Company. HISTORY: Incorporated under laws of Washington, July 23, 1907. PROPERTY: The Company owns a 50 years’ lease, expiring Nov. 1, 1954, on approximately 10 acres of property owned by the University of Washington, extending from the alley between Third and Fourth Avenues on the west to the alley between Fifth and Sixth Avenues on the east, and bounded by Seneca Street on the south and Union Street on the north. This property comprises 4 city blocks equivalent to 40 lots. The company has completed its building program as provided in the terms of the lease and all property is now permanently improved. These buildings constructed by the Metropolitan Building Company comprise the White-Henry-Stuart Building, Douglas Building, Cobb Building, Stimson Building and the Olympic Building. The Olympic Hotel, Skinner Building and Metropolitan Theater Building are also on the leased property, but were constructed by the Community Hotel Corp., Fifth Avenue Building Company and Frohman, Klaw & Erlanger, respectively. These three buildings pay a combined ground rental at the present time of $55,500 per annum subject to certain increases from time to time in the future. The leasehold from the University of Washington, dated Nov. 1, 1904. runs to Nov. 1. 1954, on the following basis: 1922 to November 1, 1932, at rate of § 80,000 per annum 1932 to November 1, 1942, at rate of 100,000 per annum 1942 to November 1, 1954, at rate of 140,000 per annum The property covered by the lease, including both land and buildings, owing to the fact that it is owned by the University of Washington, is exempt from all real property taxation. This exemption has been confirmed by the Supreme Court of the State of Washington. The only local taxation to which the company is subject is that of the personal property tax on the appraised valuation of its lease, OFFICERS: J. F. Douglas, Pres. and Mgr.; O. D. Fisher, Vice Pres.; E. A. Stuart, Vice Pres.: C. H. Cobb, Vice Pres.; W. H. Talbot, Vice Pres.; I. .C. Henry, Vice Pres.; J. H. Douglas, Vice Pres.; O. D. Fisher, Treas.; W. T. Douglas, Sec'y. & Asst. Mgr.; S. A. Hilmes, Asst. Treas.; M E. Smith, Asst Sec'y. TRUSTEES: C. H. Cobb, J. F. Douglas, E. A. Stuart, W. T. Douglas, D. G. Graham, R. D. Emerson, O. D. Fisher, L.. C. Henry, Wm. Edris, E. A. Middleton, A. W. Middleton, T. D. Stimson, R. D. Merrill, A. S. Eldridge. E. H. Stuart. W. H. Talbot. D. E. Skinner, D. E. Frederick, F. C. Talbot. Fiseal Year Ends: June 30. CAPITALIZATION: Authorized and outstanding, $5,000,000; Common stock, par value. . FUNDED DEBT, As of June 30, 1930 first Mortgage (Leasehold) Rate Dated Due Authorized Outstanding Sinking Fund Gold Bonds........ 6% 1907-24 8-1-2327 $5,000,000 $3.000,000 Interest Payable: Feb. and Aug. 1 at amount of certified bonds to be retired trustee’s office. each year. Present requirement is Trustee and Registrar: First Seattle $167,000 annually. On June 30, 1930, Dexter Horton National Bank. sinking fund was 2 years ahead of re-Registerable: Exchangeable for fully guirements. registered bonds or registered as to Security: First mortgage on comprincipal only. pany’'s leasehold. Denomination: $1,000. Listed on: Seattle Stock Exchange. Callable: On any interest date at Price Range: 1929 1928 1n3, igh eeeeeieeceiaeeaeeene.. 100% 102 sinking Fund: One-thirtieth of the Ld OW eee ee. 991, 10014 PE THOMSON'S MANUAL METROPOLITAN COMPANY GENERAL OFFICE: 1201 Fourth Ave. Seattle, Wash. HISTORY: Incorporated under laws of Nevada, June 28, 1929. : BUSINESS: A holding company, owning more than 99% 9% of the outstanding stock of the following companies: } Metropolitan Building Co.—Owners and operators of the Metropolitan group of buildings, built on leasehold property in Seattle. Included are the White-Henry-Stuart Building, Cobb Building, Douglas Building, Stimson Building, Metropolitan Theater and Olympic Garage. Fifth Avenue Building Co.—Owners and operators of the Skinner Building, built on leasehold property, covering entire half block on east side of Fifth Avenue, between Union and University Streets, Seattle. Metropolitan Investment Co.—Organized to buy, sell and hold general stocks and bonds. OFFICERS: J. F. Douglas, Pres. & Mgr.; O. D. Fisher, Vice Pres. & Treas.; D. E. Skinner, Vice Pres.; T. E. Stimson, Vice Pres.; W. T. Douglas, Sec'y. & Asst. Mgr.; S, A. Hilmes, Asst. Treas.; M. E. Smith, Asst. Sec'y. TRUSTEES: C. H. Cobb, J. F. Douglas, W. T. Douglas, Wm. Edris, A. S. Eldridge, R. D. Emerson, O. D. Fisher, D. E. Frederick, D. G. Graham, L. C. Henry, R. D. Merrill, A. W. Middleton, A. A. Middleton, D. E. Skinner, T. D. Stimson, E. A. Stuart, E. H. Stuart, F. C. Talbot. W. H. Talbot. CAPITALIZATION: Par Value Authorized 1. Partic. Preferred Stock... ..No Par 5,000,000 shs 2. Class A Stock... rn ae ..No Par 1,000;000 shs 3. Class B Stock............_. No Par 1.000.000 shs Outstanding 186,000 shs 192,000 shs 129.000 shs DETAILS Provisions: Participating Preferred stock has first preference as to cumulative dividend of $1.20 per share per annum. Entitled to $22 per share in voluntary dissolution and $20 in involuntary dissolution. Class A stock is entitled to 60c per share per annum, cumulative dividend and $10 per share in voluntary or involuntary dissolution, after Preferred OF STOCK stock requirements have been met. Callable: Preferred stock is callable at $22 per share and accrued dividends, on 30 days’ notice. Voting Power: Class A stock has sole voting power. Dividends: Payable quarterly, Jan, Apr., July and Oct. 1. Transfer Agent and Registrar: Metropolitan National Bank. METROPOLITAN WALKER COMPANY GENERAL OFFICE: 1201 Fourth Ave. Seattle, Wash. . HISTORY: Incorporated under laws of Washington, April 28, 1930. BUSINESS: Owning and operating real estate, office, commercial and hotel buildings. PROPERTY: Company owns and operates the following properties in Seattle: Commercial Building (2 stories)-S. W. cor. Second Ave. and Madison St. Walker Building (5 stories), N. E. cor. Second Ave. and University St. Seats Market (1 story), Occidental Ave., between Yesler Way and Washingtreet. Empress Building (2 stories), S. E. cor. Second Ave. and Spring St. Rainier Square, an entire block at Sixth Ave. and Marion St.,, used for outdoor auto storage. . Emily Walker Co. Building (1 story), East side of Third Ave., between Madison and Spring. Wintonia Hotel, Boren Ave. and Pike St. OFFICERS: J. F. Douglas, Pres.; Talbot C. Walker, Vice Pres.; Fred C. Talbot, Vice Pres.; W. T. Douglas, Sec'yv.-Treas.; S. A. Hilmes, Asst. Treas.; M. E. Smith, Asst. Sec'y. DIRECTORS: J. F. Douglas, Talbot C. Walker, Fred C. Talbot, Geo. W. Johnson, Andrew Steers, Donald Graham, Thos. D. Stimson, E. G. Ames. CAPITALIZATION Do- ITalye Authorized Outstanding 1. Cumulative Preferred Stock.. tar 20,000 shs 20,000 shs 2. Class A Stock... a1 20,000 shs 20,000 shs 3. Class B Stock............ ar 40,000 shs 40,000 shs Provisions: Dividend rates on Preferred and Class A stocks fixed by board of directors. All outstanding stock was issued in exchange for the property owned and controlled by the company. DETAILS OF STOCK Voting Power: Sole voting power lies with Class B stock unless dividends on Preferred and Class A stocks are in arrears 1 year. Transfer Agent and Registrar: The company. MEDICAL AND DENTAL BUILDING, Vancouver, B. C. FIRST: (CLOSED) MORTGAGE 6% SINKING FUND GOLD BONDS Authorized & Outstanding. _......$1,000,000 Registerable: Coupon bonds, regis-Dated: Feb. 15, 1929. terable as to principal only. Due: Feb. 15, 1944. Denominations: $1,000, $500. Property: Fifteen-story Class A con- _Callable: At 103 on or before Feb. crete building. 80,000 sq. ft. of store 15, 1934; thereafter at 102 to and inand office space. Contains hospital, cluding Feb. 15, 1939; thereafter at 101. library and auditorium. 7,800 sq. ft. Sinking Fund: Beginning at end of of rentable area on ground floor. Ga- second year to retire not less than rage space for 300 automobiles. Ap- 15% prior to maturity. Purchase of praised at $1,702,179. >onds in open market up to and includ-LGEntions ! Northwest corner of ng the call price, if not so available Georgia and Hornby Streets, one block I wy lot. deduction for U. S. from ihe Vancouver Hotel and Georgia Federal income tax not in excess of Security: A closed first mortgage on a Hl refund io Ualis holoers perthe building and land owned in fee. } property er 8 mills, Mortgagor: Vancouver Properties, Interest Payable: Feb. 15 and Au- Ltd. gust 15 at the Canadian Bank of Con Legal Opinion by: Davis. Pugh, Damerce in Vancouver, B. C., Seattle, vis, Hossie, Ralston & Lett, Vancouver, Wash., or San Francisco, Calif. B. C. Trustee: The Royal Trust Co. Van- - Offered by: Blyth & Co., March. couver. B. C 1929. at 99. MONTE CRISTO HOTEL COMPANY, Everett, Washington FIRST (CLOSED) MORTGAGE 612% GOLD BONDS "199,000 Interest and Principal Payable: At 24,000 trustee's office. = Trustee and Registrar: The Security 0 National Bank of Everett, Wash. Registerable: As to principal only. Denominations: $500, $1,000. Callable: In numerical order on any interest date on 30 days’ notice at 102. Sinking Fund: One-twelfth of annual requirements tor interest and principal, deposited with trustee each month. Surplus revenue after dividends and fixed charges, must be used to call bonds at not exceeding call price. Tax Status: No deduction of Federal income tax not in excess of 29. Mortgagor: Monte Cristo Hotel Co. Offered by Blyth, Witter & Co.. Sept. 1. 1924 Authorized .._.._ Retired .. Outstanding, May 10, 1950 Dated: Sept. 1, 1924, Due: Serially, 1928-1939. Property: Five-story, fireproof hotel building of 132 guest rooms, banquet hall and store rooms. Loeation: On northeast corner of Wall Street and Hoyt Avenue in the City of Everett, Wash. Security: First mortgage on building, its equipment, furniture and fixtures and land upon which the hotel is located. Appraised at $471,266. Maturities: On Sept. 1, of each year; 1928 and 1929, $12,000 each; then increasing $1,000 each year, to and including Sept. 1, 1939. Interest Pavable: Mar. and Sept 1. MORGAN BUSHONG INVESTMENT CO., Portland. Oregon FIRST MORTGAGE LEASEHOLD 69% SERIAL GOLD BONDS Authorized ...... .....$500,000 Interest Payable: Jan. and July 15. Retired ..... ce eeeeaaeeeeneee 40,000 Interest and Principal Payable: At . - trustee's office. Outstanding, June 30, 1929 $460,000 Trustee: Equitable Trust Co. Port-Dated: July 15. 1927 Matures: Julv ‘and, Ore. 15. 1947. Callable: On 30 days’ notice at 102 Property: Leasehold, expiring Jan. yn any interest date in inverse numeri-19, 1963, on 100 ft. by 200 ft. improved ral order. with an 8-story reinforced concrete of- Sinking Fund: One-sixth of semi-anfice building called the Morgan Dlds. qual interest and one-twelfth of annual Loeation: South side of Washington maturity deposited with trustee before St., between Broadway and Park St, l0th of each month. Rental fund of Portland, Ore. 56,000 must be kept with trustee to Security: First mortgage on lease- protect ground rent. For extraordinary hold and building. repairs, monthly payments of not ex-Maturities: July 15 of each year: ceeding $833 paid to trustee, until $66,-315,000, 1928-1929; $16,000, 1930; $17,000, J00 is accumulated. Net earnings for 1931; $18,000, 1932; $19,000, 1933; $21,000, 3 vears to be paid to trustee until fund 1934; $22,000, 1935; 23,000, 1936; $24,000, f $75,000 is accumulated to retire 1937: $26,000, 1938; 27,000, 1939; $29,000, yonds. 1940; $31,000, 1941; 33,000, 1942; $35,000, Tax Status: Company pays normal 1943; $37.000, 1944; .39.000. 1945: 241.000. % Federal income tax. i946: 12.000. 192" Dffered by: Lumbermans Trust Co THOMSON'S MANUA. HOTEL MORCK (Hotel Washington), Aberdeen, Washington FIRST MORTGAGE 7% SERIAL GOLD BONDS . Authorized ... —— £1: 111] Interest Payable: Jan. 1 and July 1. Retired .... 42,500 Interest 2d Principal Payable: At . Ce en trustee's office. Outstanding, May 10, 1950.......eni$ 1.53, 508 Trustees: WW. D. Comer and National Dated: July 1, 1924. Bank of Commerce, Seattle. Due: Serially, 1926-1936. Denominations: $100, $500, $1,000. Property: Fireproof, five-story hotel “allable: building, covering 100 by 130 feet and Ca able porter 5 yewrs at 143. containing 120 guest rooms in addition Sinking Fund: onaly deposit of to lobby, dining rooms and four shop L-12th of total falling due in the year, openings on the street. 3xcept in 1936, when it will be the same . as 1935. Loeation: Heron and K Streets, a . Aberdeen, Wash. Tax Status: Federal income tax 2% Security: First mortgage on land paid by borrower. » and building, appraised at $390,000. Mortgagor: Hotel Washington Cori. poration of Aberdeen. Maturities: July 1 of each year; $10,000, 1926-27-28; $12,500, 1929-30; Offered by: W. D. Comer & Co. Se-€15.000. 1931-32-33-34-35: $65,000, 1936. attle, July, 1924. MULTNOMAH BLOCK, INC., Portland, Oregon FIRST MORTGAGE 61% SERIAL GOLD BONDS Authorized .. R—— 3. 1: R11] Interest Payable: Jan. & July 1. Retired. .... rrrmmnremeeneemane 45,000 Interest and Principal Payable: At Outstanding, May 31, 1930...........$305,000 trustee's office. Dated: July 1, 1924. Due: Serially, Trustee and Registrar: Security Sav-1926-1935. ings and Trust Company, Portland, Ore. Property: City block in Portland, is : inci Oregon, 80 ft. by 465 ft. by 230 ft. by Registerable: As to principal 558 ft., improved with a 2-story fire- Denominations: $500, $1,000. proof building on % oy ae ington _ Callable: At 102 on any interest date, Alder, Morrison, Stout, Chapman and In Inverse order of maiuriiles. 19th Streets. Sinking Fund: All OnevS, Taveiyed Security: First mortgage on real bY obligor and not placed in “Operating property and building located thereon. Fund” shall be placed in sinking fund ih oo. to be used for retirement of bonds. Maturities: Serially, July 1 of each year: Tax Status: Federal normal income $10,000, 1926-28; $15,000, 1929-1931; tax to 2%, and all state income taxes $25 000, 1932-1934: $200,000, 1935. paid by borrower. MULTNOMAH AMATEUR ATHLETIC CLUB, Portland, Oregon FIRST MORTGAGE 6% GOLD BONDS (CLOSED ISSUE) Authorized & Outstanding............$550,000 Interest and Principal Payable: At Dated: June 1, 1926. trustee's office. Matures: June 1, 1946. Trustee: United States National ’ 3 Bank, Portland, Ore. Property: Club now owns in fee over . nine city blocks or approximately ten Denominations: $100, $500, $1,000. acres within the City of Portland lying Callable: By lot on any interest between Morrison Street on the north, >ayment date at 101 and accrued in-Chapman Street on the east, Salmon ‘erest. Street on the south and Stout Street Sinking Fund: All net revenues deon the west; within half a mile of the ived from operation of the Stadium retail business center of the city. Lo- vill be applied: (1) to payment of incated thereon is a club house building .erest on these bonds, (2) to redempand the Civic Stadium. The land owned iion--by call of bonds to the principal has been appraised at $775,200. The amount of $233,000, (3) thereafter and club house building was appraised as antil Oct. 1, 1936, to accumulation of a of Dec. 31, 1925, at $454,620 after de- ‘und by the Association, available to preciation. The Civic Stadium cost ap- he Club under certain terms and conproximately $500,000. Total appraised litions for construction of additions to value of real property securing this _he Stadium, (4) and after Oct. 1, 1936, issue is therefore approximately $§1.- to redemption by call of bonds of this 729,820. ‘ssue. Security: Closed first mortgage on Tax Status: Federal income tax of all real and personal property now 29 paid by borrower. owned or hereafter acquired and by Offered by: Ferris & Hardgrove and picage of eorizin rewenues. >thers, in 1926. at par and accrued in-Interest Pavable: June and Dec. 1. terest. REAL ESTA. 459 MOUNT BAKER BUILDING, Bellingham, Washington FIRST MORTGAGE SINKING FUND 6% GOLD BONDS Authorized & Outstanding............$200,000 Interest Payable: Apr. and Oct. 1, Dated: Apr. 1, 1927. at trustee's office. Due: Apr. 1, 1942. Trustee: First National Bank, Bel-H r Property: Theatre and mercantile lingham, Wash. i. building erected in 1927 at a cost of Registeralie: As to principal, $301,000. Lot 250 by 132%. Containing Callable: At 101 on 60 days’ notice. 16 store rooms and Mt. Baker theatre. Sinking Fund: Sufficient to retire A . $10,000 per annum, 1930 to 1937; there-Loeation: Corner of Commercial and after to 1941, incl, $15.000 per annum. Champion Streets, in retail sections of Tax Status: Company pays normal Bellingham, Wash. Also Douglas pederal income tax up to 2%. Building, containing 2 stores, valued at Mortgagor: Bellingham Development $43,000, and leased until 1976. Zo. (F. D. Stimson, Pres.; J. F. Dougsecurity: First mortgage on lease- ‘as, Vice Pres.; A. Scott Bullitt, Treas.; hold estate and buildings thereon in- Walter Douglas, Sec'y.) cluding both Mt. Baker and Douglas Offered by: Dean, Witter & Co. buildings. April, 19217. NORTHCLIFFE APARTMENTS, Seattle, Wash. 6% FIRST LIEN COLLATERAL GOLD CERTIFICATES Authorized & Outstanding............$165,000 $8,500, Apr. 1, 1936; $8,000, Oct. 1, 1936; Dated: Oct. 1, 1927. $8,500, Apr. 1, 1937; $74,500, Oct. 1, Due: Serially, 1930-1937. 1937. Property: A five-story and basement Interest Payable: Apr. and Oct. 1. brick and concrete apartment house interest & Principal payable: At and one-story concrete garage. 162 office of Murphey, Favre & Co., Sporooms;- 49 three and four-room apart- kane, Portland and Seattle, or trustee's ments, 34 furnished. Contains a kitch- office. en, dining room and ballroom. Trustee: Union Trust Co. of Mary-Location: Southwest corner of Boren land, Baltimore, Md. and Seneca Streets, Seattle, Wash, Denominations: $1,000 and $500. within ten blocks of the financial and Callable: On any interest date after retail districts. years at 102. Security: $190,000 First Mortgage Sinking Fund: Monthly payments by Serial Gold Notes issued by John 8S. john 8. Hudson, Inc, to First Seattle Hudson, Inc. and secured on the North- Dexter Horton National Bank begincliffe Apartments. Valuation of prop- ning Oct. 1, 1927, to be applied to intererty, $320,000. A direct obligation of 2st and principal and gradual reduction the Mortgage Security Corporation of of the notes held as collateral for this America. issue. Maturities: $2,000 each, Oct. 1, 1930, Mortzagor: John S. Hudson, Inc. Apr. 1, 1931, and Oct. 1, 1931; $5,000 Legal Opinion by: DBurcham & DBlair. each, Apr. 1, 1932, and Oct. =~ 1922; Spokane, Wash. 38,500, Apr. 1, 1933; $8,000, Oct. 9c. Offered by: Murphey. Favre & Co. $8,500, Apr. 1, 1934; $8,000, Oct. i, .9.:+, Oct.. 1927. at par. $38. 500. Apr. 1. 1935: $8.000, Oct. 1. 1935: ® NORTHERN LIFE TOWER, Seattle, Wash. FIRST (CLOS:I ""M"RTGAGE 5% SERIAL GOLD BONDS Tneeo ¢ Interest Payable: June and Dec. 1. ro) Interest & Prineipal Payable: At trustee's office. Trustee & Registrar: First Seattle Dexter Horton National Bank of Seattle. Registerable: As to principal only in denominations of $1,000. Denominations: $1,000, $500, $100. Callable: All or part at 101 and accrued interest in inverse order on or after June 1, 1934. Tax Status: Normal Federal income tax paid by company up to 29%. Mortgagor: Northern Life Insurance Company. Legal Opiniom by: Chadwick, Mec-Micken, Ramsey & Rupp, Seattle. Offered by: Group of Seattle banks in June, 1928, at par. Listed on: Seattle Stock Exchange. Trice Range: 1928. 9934: 1929. 99%-0D Authorized ... Retired ... Outstanding, July ©. 7¢ Dated: June 1, 1928 ‘930-1938. Property: 27-story modern fireproof steel-frame office building, 140,000 sq. ft. of rental space. lL.and owned in fee, frontage 120 feet on Third Ave. and 111 feet on TTniversity Street. Location: Southeast corner of Third Ave. and University Street, Seattle, Wash. Center of business section, midway between financial district and retail district. Security: Direct first closed mortgage on land owned in fee, and the building. Direct obligation of the Northern Life Insurance Company of Seattle. Maturities:: Annually on June 1 of each year; $100,000, 1930 to 1934, incl.; 5125.000, 1935 to 1937. incl.; $200.000, hug 160 THOMSON'S MANUAL NORTHWESTERN BUILDING, Portland, Oregon (Name changed to American Bank Bldg. in 1929.) FIRST MORTGAGE LEASEHOLD 6% SERIAL GOLD BONDS (CLOSED) . Authorized ...........oocorereeeeieeeaaeen $750,000 Interest Payable: March 1 and Betived ........cmmmieis. aseenssss S30; 000 Sept. 1. —_— Interest & Principal Payable: At Dutstanding, June 1, 1930............$720,000 trustee’s office. Dated: Sept. 1, 1927. Trustee: Equitable Trust Co. Port-Coa 3 'and, Ore. Due: Serially, 1928-1947, incl. Denominations: $1,000, $500, $100. Property: 15-story office and retail Callable: All or part on Sept. 1, 1928, store building, 132,323 square feet of r after, at 102 and interest, in inverse rental space. 476 offices, steel frame- rder. work and reinforced concrete construc- Sinking Fund: One-sixth of semition. 14,650 square feet of land. annual interest and 1-12th of annual Location: Broadway and Morison maturity, deposited monthly with trusstreets, in center of high-class retail -€6 All net income over $21,000, after district and business area, Portland, 3round lease, serial payments and in-Ore. . terest is paid into reserve fund, until 5 : such fund reaches $75,000. : Security: First (closed) mortgage Tax Status: No deduction for noron the building and leasehold. 99-year mal Federal income tax up to 2% lease and includes 14,650 square feet of Mortgagor: Building Syndicate. land on which the building is located. Legal Opinion by: Dey Hampson & Maturities: Sept. 1, of each year; Nelson, Reynolds, Flegel & Smith. $15,000, 1928-1932; $20,000, 1933-1937; Offered by: Ferris & Hardgrove, $25,000, 1938-1942; $30,000, 1943-1946; Lumbermen’s Trust Co., and others, at $330.000. 1947. 100, Sept. 1. 1927. NORTHWEST FRUIT PRODUCTS COMPANY, Salem, Ore. FIRST MORTGAGE 6% BONDS Authorized ___._._.._..._._..._._..._ $220,000 each; 1936 and 1937, $10,000 each; 1938-Retired ................._....... reeeeeeeeee 21,000 1939, $11,000 each; 1940, $12,000; 1941, — C— $13,000; 1942, $14,000; 1943, $15,000; Dutstanding, June 1, 1930............$199,000 1944, $16,000; 1945, $17,000; 1946, $18,000; Dated: Jen, 1, wy 1947, $10,000. Due: Serially, - . : Security: First mortgage on all the Intetest Payable 4 Jon, 404 July 1. fixed assets of the company. Interest & Principal Payable: At Maturities: Jan. 1, annually; 1928 trustee's office. to 1930, incl., $7,000 each; 1931 to 1933, Trustee: Title & Trust Co., Portland, incl., $8,000 each: 1934 and 1935. $9.000 Ore. OREGON CITY MANUFACTURING CO., Oregon City, Oregon 6% SERIAL COUPON GOLD NOTES Authorized & Outstanding............$500,000 Interest and Principal Payable: At Dated: Apr. 15, 1928. trustee’s office. Due: Serially, 1931-1933. Trustee & Registrar: TU. S. National Security: General obligation of the Bank, Portland, Ore. company. Reg#sterable: As to principal only. Maturities: April 15 of each year; Denominations: $500 and $1,000. $100,000, 1931; $150,000, 1932; $250,000, Callable: At 100%. 1933. Tax Status: Federal income tax paid Interest Pavable: Apr. and Oet. 15. * bv combanyVv OREGON AGRICULTURAL COLLEGE DORMITORY, Corvallis, Oregon THE BOARD OF REGENTS OF THE STATE AGRICULTURAL COLLEGE OF THE STATE OF OREGON 41,% DORMITORY BUILDING GOLD BONDS Authorized .........___ rreeeeenn- $440,000 $16,500 on Apr. 1, 1948. Increases in Retired ..._....... eememee 22,000 $500 amounts at 1 and 1l%-year inter-—_— vals. Outstanding, Ime 3 T0541, 000 Interest Payable: Apr. 1 and Oct. 1. Dated: April 1, 1928. : Interest & Principal Payable: At DR erly R0-USES, der semi. ‘[rustee’s office or U. S. National Bank. fireproof dormitory to house 344 stu- iT Ehees National Bank of Corvaldents. (No lien on building, however.) : i 4 Location: State Agricultural Col- Denominations: $1,000 and $500. lege campus, Corvallis, Ore. Callable: In inverse order on or aft-Security: Principal and interest con- or April 1, 1933, at 103 ,and at 101 on stituted a first lien and charge upon > after Apr. 1, 1941. £ — net income from Dormitory building in aan Stains Exempt from Federa trust agreement and agreement to fix . 2 3 charges in excess of largest annual Legal Opinion by: Teal Winfree, Mcprincipal and interest. Culloch & Shuler, Portland. Maturities: Serially, on Apr. 1 and Offered by: Blyth & Co., April, 1928, Dect. 1, from Apr. 1, 1929. 87.000 up to at par. OREGON AGRICULTURAL COLLEGE MEMORIAL, INC,, Corvallis, Oregon SECURED SERIAL 5% GOLD BONDS eeee$325,000 Maturities: Oct. and Apr. 15 of each .... 25,000 year, beginning with $12,000, Oct. 15, -— - 1929, increasing $1,000 yearly, or every Outstanding, June 1, 1930............$300,000 1% years, to $20,000, Apr. 15, 1937. Dated: Oct. 15, 1927. inal $80,000 due Oct. 15, 1937. Due: Serially, 1929-1937. Interest Payable: Apr. and Oct. 15. Purpose: To construct memorial interest & Principal Payable: At pbuilding to O. A. C. men and women trustee’s office, or U. S. National Bank, killed during Spanish-American and Portland, Ore. World wars. This bond issue has no Trustee: National Bank of Comlien on this building, however. merce, Seattle, Wash. Location: Oregon Agricultural Col- Denominations: $1,000, $500. lege campus. Callable: All or part in inverse or-Security: Direct obligation of Ore- ier on any interest date at 101. gon Agricultural College Memorial Un- Tax Status: Free from Federal inion, Inc., secured by (1) pledge of stu- come tax up to 1%9% a year dent fees of $9.00 per year, approved ’ . by the regents. Student body and Legal Opinion by: Teal, Winfree, alumni, (2) pledges of all subscriptions McCullouch & Shuler, Portland. receipts, (3) net income from memorial Offered by: Blyth & Co. and Ferris building. % Hardgrove, Oct., 1927, at par. PACIFIC BUILDING, Vancouver, British Columbia 7% 10-YT"AR SERIAL FIRST MORTGAGE INVESTMENT CERTIFICATES Authorizeu ® 000 Maturities: Mar. 1 of each year, 1926-Retired 0 “931, incl, $7,000; 1932, $8,000; 1933, Dutstandine. c00 100,000. Interest Payable: Mar. 1 and Sept. 1. interest and Principal Payable: At ‘ustee’s office. Trustee: Royal Trust Co. Registernble: As to principal only. Denominations: $100, $500 and $1,000. Mortgagor: Yorkshire and Canadian Trust Co., Ltd. ’ Offered by: Pemberton & Son and Waghorn. Gwvnn & Co., LLtd., Mar. 1923. Dated: M. 1026-1933. Property: Office building. Location: Corner Howe and Hastings Street, Vancouver, B.C. Security: First mortgage on the Pacific Bldg., which is valued at $400,000, together with the convenant of the Yorkshire and Canadian Trust Co., Ltd. which has a net worth of $1.000.000. PACIFIC INTERNATIONAL LIVESTOCK EXPOSITION (CO., Portland, Ore. FIRST MORTGAGE 7% GOLD BONDS Authorized and Outstanding........$200,000 Interest Payable: Jan. and July 1st, Dated: July 1, 1921. Matures: July at trustee's office. 1, 1931. Trustee: Security Savings and Trust Property: 15 acres of land in North Co., Portland, Ore. Portland, Ore. i Location: North Portland, Ore. Denominations: 3509. Security: Real property and build- Callable: At any interest date at par. ngs thereon Tax Statux: No covenants. PACIFIC PROPERTIES COMPANY, Portland, Oregon FIRST MORTGAGE 6% SERIAL GOLD BONDS *25,000 when $21,000 due; 1939, $22,000; 1940, 20.000 $23,000; increasing $2,000 annually to - and including 1944: 1945, $35,000; 1946, Dutstanding, June 15, 1930............: 505,000 $80,000. Dated: June 1. 1926. Due: Serially. Interest Payable: June 1 and Dec. 1. 1929-1946. Interest and Principal Payable: At Property: 14 city block 100x200 ft., trustee's office. on west side of 5th St., between Salmon Trustee: Commonwealth Trust & and Taylor Sts.,, Portland, Ore. im- Title Co., Portland, Ore. proved with a 6-story reinforced con- Denominations: Coupon, $1.000 and crete Ramp-plan garage bldg.,, with 3500. capacity for 550 cars. Company also Callable: On any interest date on 30 owns 14 city block at N.E. corner of lays’ notice at 102%, in inverse order Sixth and Madison Streets, Portland, of maturities or as a whole at 102% improved with 4-storv concrete garage for the first five years and thereafter building. it a premium of % 9% for each year of Security: First mortgage on first 1nexpired term, but in no event more parcel described above. Also a direct han 102%. obligation of the company. Tax Status: Corporation pays Fed-Maturities: June 1 each year: 1929- :ral income tax up to 29%. 30, $10,000; 1931, $13,000; 1932, $14,000; Offered by: Peirce Fair & Co., June. increasing 21.000 annually until 1928 1926. J THOMSON'S MANUAL PACIFIC STEAMSHIP TERMINAL COMPANY, Seattle, Wash. FIRST MORTGAGE 7% SERIAL GOLD BONDS Authorized eee... $2,500,000 Unissued ...o..ooociiiiiiaaininnaeeane 1,000,000 Retired ................. cee reaemeeeen 300,000 Outstanding, June 1, 1930..........$1,200,000 Dated: May 1, 1924. Due: Serially, 1931-1944. Property: 29.52 acres of waterfront land and the first unit of a steamship terminal and office building. Lecation: On the central waterfront of the City of Seattle, on the former site of Skinner & Eddy shipbuilding plant No. 1. Security: First mortgage on land and improvements. Interest and amortization payable from rental paid on lease held by Pacific Steamship Co. and other mercantile companies. Maturities: $100,000, May 1, 1931; $50,000, Nov. 1, 1931; $50,000, each May 1st and Nov. 1st up to and including May 1, 1943; $100,000, Nov. 1, 1943; $100,000, May 1, 1944. Interest Payable: May 1 and Nov. 1, at trustee's ofice. Trustee: First Seattle Dexter Horton National Bank, Seattle, and Anglo-California, Trust Co., San Francisco. Denominations: $1,000, $500, $100. Callable: By series, on any interest date on 30 days’ notice, at 100%. Tax Status: No deduction for normal Federal income tax. Mortgagor: Pacific Steamship Terminal Co. Offered by: Blyth and Co. May, 1924, at par THE PIEDMONT HOTEL, Seattle, Wash. FIRST MORTGAGE 614% GOLD BONDS Authorized ........o.oiiiiaeeiaennaeeee..-$265,000 ie March 1, each year: 1931, D : C1, 28: Due: ially, ,000 and increasing $1,000 each year JO: Mar. 1, 1925: Due: Serially to amd’ including March 1, 1940. Property: b5-story apartment-hotel, (317,000); 1541, $140,000. of fireproof reinforced concrete and Interest Payable: March, Sept. 1. brick construction, on lot 180x120 ft. ee i : Interest and Principal Payable: At Location: Summit Ave. and Seneca ffice of W. D. Comer & Co. Seattle Sts., few blocks from the downtown © © ’ district, Seattle, Wash. Denominations: $100, $500, $1,000. Security: First mortgage on the land, : building, fixtures, and a lien upon the Mortgagor: Falworth Investment Co, equity in the furniture. Estimated Offered by: W. D. Comer & Co.. Sevalue, $486,000. attle. PIKE PLACE PUBLIC MARKETS, INC., Seattle, Wash. 7% FIRST MORTGAGE AND LEASEHOLD GOLD BONDS Authorized ...eeeeeeeeeeeceeeeeeeeneene- $375,000 REGIred oooeeoeeeans ameneeeeeaeeeee 80,000 Outstanding, Aug. 1, 19506..............$295,000 Dated: Jan. 4, 1926. Due: Serially, 1926-1938. 15, 1928, $8,500; July 15, 1928, and Jan. 15,1929, $9,000; July 15, 1929, and Jan. lj, 1930, $9,500; July 15, 1930, and Jan. 5, 1931, $10,000; July 15, 1931, and Jan. 3, 1932, $13,000; July 15, 1932, and Jan. 5, 1933, $14,000; July 15, 1933, and Jan. 5, 1934, $15,000: July 15, 1934, $16,000; an. and July 15, 1935, $18,000; Jan. 15, 936, $19,000; July 15, 1936, Jan. 15, 1937, July 15, 1937. $15.000: Jan. 15, 1938, 385,000. interest Payable: Jan. 15 and July 15. Interest and Principal Payable: At rustee’s office. Trustee: National Bank of Commerce, Jeattle. Denominations: $1,000, $500, $100. Callable: As a whole or in part in ‘nverse numerical order on 30 days’ aotice, at any time at 102 up to and including Jan. 15, 1931; thereafter at EE to Jan. 15, 1936, and thereafter at 100. Legal Opinion by: Messrs. Kerr, Mc-Jord & Ivey, Seattle. Offered by: Carstens & Earles, Inc, January, 1926. Offering Price: 100 to 100.86. Seeurity: Direct obligation of the company, and guaranteed by Arthur E. Goodwin. Secured by (1) a first mortgage on the 5-story Pike Place Market Building owned in fee, located at Pike Street and Pike Place; (2) first mortgage on a leasehold and building of the Municipal Market, connected with Pike Place, such lease extending with certain restrictions to 1971; (3) pledge of the lease extending to Aug. 31, 1936, on the Economy Market Building, located at First Avenue and Pike Street; (4) contract with the City of Seattle extending to Sept. 20, 1936, which gives the company certain rights including use of sidewalk in front of the Pike Place Market; and a further pledge of capital stock of the Public Market & Department Stores Co. Properties appraised at $630,000. Maturities: July 15, 1926, and Jan. 15 1927. $8.000: July 15. 1927, and Jan. REAL ES 0 A PIONEER EDUCATIONAL SOCIETY, Spokane, Wash. (Mt. St. Michaels Scholastic) FIRST MORTGAGE 519% GOLD BONDS Authorized ...........................$200,000 Interest Payable: May 1 and Nov. 1. Dated: May 1, 1929. Due: Serially, Interest and Principal Payable: At 1932-1939. , i trustee’s office. Property: 480 acres of land and a .. . modern brick and terra cotta college Trustee: Old National Bank & Union building, (building appraised at $350,- 1rust Co, Spokane, Wash. 000). Registerable: As to principal only. Location: One mile north of city lim- Denominations: $500 and $1,000 its of Spokane, Wash. . ’ oo Security: First mortgage on land and Callable: On any interest date in inbuilding. Direct obligation of the Pio- Verse numerical order on 60 days’ noneer Educational Society, a Jesuit tice at 102. order. Mortgagor: Pioneer Educational So-Maturities: On May 1 of each year: ciety. 1932 to 1938, $10,000 each year; 1939, Offered by: Ferris & Hardgrove, Spo-$130,000. kane, Wash. May, 1929, at par. PITTOCK BLOCK, INC., Portland, Oregon 1st MORTGAGE LEASEHOLD 6% SERIAL GOLD BONDS (CLOSED ISSUE) Authorized ....... eeenana$1,000,000 trustee's office or Anglo - California Retired .. 120,000 Trust Co., San Francisco. en mn : i 1 " "t-Outstanding, June, 1930...._.$ 880,000 jana rer: Hauitable Trust Co. Port Dateas Mar 1 3S us Denominations: $1,000, $500, $100. Maturities: Serially, Mar. 1 of each Callable: In inverse order at 102% on year, 1927 to 1929 incl.; $25,000 annual- any interest date, on 30 days’ notice. ly: 1930 to 1944, $40,000, annually; 1945, Mortgagor: Pittock Block, Inc. con-$325,000. trolled by Herbert & Mortimer Fleisch-Interest Payable: Mar. 1 and Sept. 1. hacker. Interest and Principal Payable: At l.isted: On Portland Stock Exchange PLATT BUILDING, Portland, Ore. 1st (CLOSED) MORTGAGE LEASEHOLD 6% AND 641% GOLD BONDS Authorized ..... "75,000 $4,500 semi-annu.; June 1, 1939, to June Retired ...... "000 1, 1940, $5,000 semi-annu.; Dec. 1, 1940, - to June 1, 1942, $5,500 semi-annu.; Dec. 000 1, 1942, and June 1, 1943, $6,000 each; AS Dec. 1, 1943, and June 1, 1944, $6,500 each; Dec. 1, 1944. $7.000; June 1, 1945, $25,000. . Interest Payable: June and Dec. 1. Interest and Principal Payable: At trustee's office. Trustee: Title and Trust Co., Portland, Ore. Registerable: As to principal only. Denominations: $100, $500, $1,000. Callable: In inverse order at $1021% to June 1, 1930, and 102 thereafter. Tax Status: No deduction for Federal tax not exceeding 29%. Mortgagor: Harrison G. Platt and Robt. Treat Platt, co-partners. Offered by: Blyth & Co... Ralph Schneelock & Co., June, 1925. BUILDING CO'IPANY, Portland, Oregon TRST MORTGAGE 6% GOLD BONDS £50,000 $30,000 annually; April 1, 1934, $10,000. SCE 1] Interest Payable: April and Oct. 1st. — Interest and Principal Payable: At Dutstanding, June 1, 14.. 02,500 trustee's office, Dated: Apr. .. 1909 Due: Serially Trustee and Registrar: Successor, 1916-1934. Security Savings and Trust Co., Port-Property: Five - story steel - frame land, Ore. building erected upon and covering Registerable: As to principal. Block 217, City of Portland, Oregon, to- Denomintions: $100, $500, $1,000. gether with ground lease upon which Callable: Any anniversary date upon said building is located. 30 days’ notice upon payment of bonus Location: Block bordered by Mori- of 1% per annum for time to lapse beson, Tenth, Alder and West Park Sts. - ween such anniversarv date and date Security: First mortgage on lease- >f maturity. hold of land and building. Tax Status: Covenant as to Federal Maturities: April 1st of each year: and State taxes. Not limited as to [1916 to and including April 1. 1933. amount or jurisdiction within 17 8 THOMSON'S MANUAL PORTLAND CASE BUILDING CO., Portland, Oregon FIRST MORTGAGE 6% GOLD BONDS Authorized _..._....__..... cereeeeeu$175,000 to 1942, inclusive; $5,000 each year; Retired .... ee eee 20,000 1943, $90,000. 0 o 51. vals S155.000 Interest Payable: Apr. and Oct. 1. utstanding, Dec. 31, a Interest and Principal Payable: At Lg yated: Oct. 1, 1923. Due: Serially, trustee's GLLICS, Loeation:. 752 Kast 22nd St., Port- Trustee: Title Trust Co. Portland, and, Ore. Ore. Security: First mortgage on land and Tax Status: Company pays 2% Fedbuildings. eral income tax. . Maturities: Oct. 1 of each vear. 1926 Offered by: Ladd & Tilton Bank. PORTLAND MASONIC TEMPLE ASSOCIATION, Portland, Oregon 1st (CLOSED) MORTGAGE 5% SINKING FUND GOLD BONDS Authorized .................occooeeei...........$350,000 Trustee: Portland Trust and Savings Dated: March 1, 1927. Due: March 1, Bank, Portland, Ore. 1942, Registerable: Registerable as to Property: Entire city block on which principal. is erected a Masonic Temple and Audi- Denominations: $1,000, $500, $100. torium. Callable: By lot on any interest date Location: Bounded by West Park, on 30 days’ notice at 101. Tenth, Madison and Main Streets. Sinking Fund: Commences in 1934 Security: Bonds are a direct obliga- and will be sufficient to retire $170,000 tion of the Portland Masonic Temple minimum of bonds prior to maturity. Association and specifically secured by To be taken from earnings and gifts. a closed first mortgage on land and Tax Status: No deduction for Fedtemple, appraised at $1,161,257. eral tax not exceeding 2%. Interest Payable: Mar. and Sept. 1, Offered by: Blyth & Co.. March, 1927, at trustee’s office. at par PORTLAND MEDICAL-DENTAL BUILDING, Portland, Oregon 1st (CLOSED) MORTGAGE FEE 6% SERIAL COUPON GOLD BONDS Authorized and Outstanding........$400,000 Interest and Principal Payable: At Dated: April 1, 1928. Due: Serially, trustee's office or S. W. Straus Co. 1931-1943. Trustee: Straus National Bank & Property: Land 100x100 ft., on which Trust Co., Chicago. is constructed a 10-story office and Denominations: $1,000 and $500 in all store building. maturities and $100 in last maturity Loeation: Corner of Eleventh and only. Taylor Streets, Portland, Ore. Callable: At 103 for first 5 years, 102 Security: Direct closed first mort- for 2nd 5 years, and 101 thereafter. gage on land and building. Appraised Sinking Fund: None. in 1928 at $707,835. Tax Status: Company pays Federal Maturities: Annually on each April income tax not exceeding 2%, and Calif. 1: $10,000, 1931; $10,500, 1932; $11,000, property tax to 4 mills. 1933; $11,500, 1934; $12,000, 1935; in- Mortgagor: H. S. and D. Investment creasing $1,000 each year to and includ- Co. ‘ng 1942; $214,000, 1943. Offered by: S. W. Straus & Co., April. Interest Pavable: Apr. 1 and Oct. 1. 1928. PORTLAND PARAMOUNT PROPERTY, Portland, Oregon FIRST MORTGAGE LEASEHOLD 614% SERIAL COUPON GOLD BONDS Authorized _........cooe.......$1,100,000 Interest Payable: Jan. and July 15 Dated: Jan. 15, 1927. Due: Serially, Interest and Principal Payable: At 1934-1943. office of S. W. Straus & Co. Property: 10-story hotel and store Trustee: William K. Bowes, Vicebuilding, a 3,000-seat theater building Pres. of S. W. Straus & Co. and a 3-story store building of steel Registerable: Registerable as to and concrete frame, fireproof construc- principal. fom, Land, S00%208 £h held on 99-year Denominations: $1,000, $500, $100. ease, dated May , . 5 : Location: City ‘block bounded by Callable: At 103 on or before Jan. 15, A 1930, and at 102 thereafter. Broadway, Salmon, Park and aMin Sts, sinki Portland, Ore. . Sinking Fund: Monthly payments to Security: A direct closed first mort- S. W. Straus & Co. covering annual ingage on a 99-year leasehold estate im Lerest charges and principal redempthe land, buildings and certain theater tion. . squipment. Tax Status: U. S. Federal income tax, Maturities: Jan. 15 of each year: 1934, Y% paid by borrower; California per-$39,000 and increasing each year by sonal property tax, 5 mills, paid upon $3,000 up to and including January 15, sroper application. 1942. $63.000: 1943, $641.000. Dffered by: S. W. Straus & Co. REAL ESTA PROVIDENCE HOSPITAL, Seattle, Wash. FIRST MORTGAGE (CLOSED) 353% SERIAL GOLD BONDS Authorized _..............ocooiiieeeeeeenee...$500,000 $30,000, 1932-1946, incl.; $50,000, 1947. Dated: Sept. 15, 1927. Due: Serially, Interest Payable: March and Sept. 15. 1937-47. Interest and Principal Payable: At Property: Class A fireproof hospital trustee's office. building, occupying almost entire Trustee: First Seattle Dexer Horton square block, having accommodation National Bank. for over 600 patients. Registerable: As to principal. Location: 17th Ave. and ~ san St., Denominations: $1,000, $500. Seattle, Wash. Callable: In inverse numerical order Security: Direct obligation of the on 20 days’ notice, at 100. mortgagor secured by a first closed Mortgagor: Sisters of Charity of the mortgage on land, hospital and nurses’ House of Providence. home adjoining. Offered by: Ferris & Hardgrove, Se-Maturities: On Sept. 15 of each vear: attle, Wash. RANKE BUILDING, Seattle, Wash. FIRST MORTGAGE 99-YEAR LEASEHOLD 6% GOLD BONDS ....$225,000 I, 1934 and Jan. 1, 1935, $13,000; July 1 62,500 1935, $13,500; Jan. 1, 1936, $14,000; July - I, 1936, $14,500; Jan. 1, 1937, $15,000. Dutstanding, July 15, 1S. C......... 162,500 Interest Payable: Jan. 1 and July 1. Dated: July 1, 1926. Due: Serially, Interest and Principal Payable: At 1927-1937. trustee’s office. Property: The building has six stories Trustee: National Bank of Commerce, and basement of fireproof reinforced Seattle, Wash. concrete construction, faced with terra Registerable: As to principal only. cotta. The rentable area is about 92,400 Denominations: $500 and $1,00. square feet. Lot, 120x110, under lease Callable: In inverse numerical order extending to June 30, 2025. on any interest date at 102. Location: Northwest corner of Pike Sinking Fund: Mortgagor must de-St. and Fifth Ave. Seattle. posit monthly with the trustee one-Security: Closed first mortgage on 3ixth semi-annual principal and interthe leasehold estate and the building. 2st next due. Cost of building, $375,000. Appraisal Tax Status: Interest payable without value of leasehold, $100,000. deduction for normal Federal income Maturities: July 1, 1930, $10,000; Jan. tax up to 2%. 1 and July 1, 1931, $10,500; Jan. 1 and Mortgagor: Campion Investment Co. Tuly 1, 1932, $11,000; Jan. 1 and July 1, Offered by: Murphey, Favre & Co., 1933. $12.000: Jan. 1. 1934, $12.500: July Spokane, and Seattle, July, 1926, at par. REGENT, UNIVERSITY OF OREGON, Eugene, Oregon 45% DORMITORY BUILDING BONDS 265,000 increasing $500 to $1,000 each six 10.000 months to Apr. 1, 1948, $14,500. - Interest Payable: Apr. and Oct. 1. 155.000 Interest and Principal Payable: At trustee's office. Trustee: UU. 8S. National Bank, Portland, Ore. Denominations: $500 and $1,000. Callable: At interest payment date >n 30 days’ notice at 104 on or before Apr. 1, 1933. Tax Status: Exempt from Federal income tax. Offered by: Blyth & Co. Portland, and Seattle. April, 1928. at par. Authorized ... Retired . Dutstanding, June _ Dated: Apr. 1, 19... Due: Serially, 1929-1948. Property: Fireproof dormitory housing 275 men and containing kitchen and dining room. Location: On the University campus, Eugene, Ore. Security: A first lien and charge on the net income from the building. Maturities: April and Oct. 1 each vear. beginning Oct. 1. 1929. $5.000. and REPUBLIC BUILDING, Seattle, Wash. FIRST MORTGAGE LEASEHOLD 64% SINKING FUND GOLD BONDS Authorized ...........o..oooiiiiiiaennnnn......$385,000 Registerable: As to principal only gated Jan. 1. 1927. Due: Jan. 1, Denominations: $500 and$1,000. "Pro erty: Land, 108x116 ft., held un- Callable: On 60 days’ notice on any der 1 dd lease, improved with 10- interest date at 103 up to Jan. 1, 1932; story, steel and concrete fireproof office 2! doz up to Jan. 1, 1937: thereafter. building faced with terra cotta. at 101. Location: Northwest corner of Third Sinking Fund: Monthly payments to Ave. and Pike St. Seattle, Wash. trustee, commencing Jan. 1, 1929, for Security: First closed mortgage on etirement of bonds by purchase in the the 99-year leasehold estate and on the >pen market or by lot at call price. building thereon. Cost of building, Tax Status: Company pays normal $650,000. Federal income tax not over 2%. Interest Payable: Jan. 1 and July 1, Mort : R blic Buildi c at trustee's office. Mortgagor: Republic building Co. Trustee: National Bank of Commerce. Offered by: Ferris and Hardgrove. Qeagttle Wash Jeattle. Jan.. 1927. at par THOMSON’S MANUAL ST. LUKE'S HOSPITAL, Spokane, Washington FIRST MORTGAGE 6% SERIES A BONDS $225,000 Maturities: Dec. 1 of each year: eee eee 60,000 $5,000, 1925 and 1926; $7,500, 1927 to ceeeeeeee 32,500 1930, incl.; $10,000, 1931 to 1934, incl; . mm m— $85,000, 1935. Ontsaning Jule, Jif 250182, 500 Interest Payable: June 1 and Dec. 1. Due: Serially, 1925-1935. . Interest and Principal Payable: At Property: St. Luke's Hospital, laun- trustee's office. dry, steam plant and 18 lots of land. Trustee: Spokane & Eastern Trust Ta property appraised at over $400,- Co. Location: Dean Avenue and A Street, Denominations: $1,000, $500, $108. Spokane, Wash. Callable: At 102 on any interest date Security: Direct obligation of St. on 60 days’ notice. Luke's Hospital, entire property now Offered by: Spokane & Eastern Trust owned or hereafter acquired. Co., Spokane, Wash., Dec., 1923. SEATTLE CHAMBER OF COMMERCE, Seattle, Wash. 515% FIRST MORTGAGE (FEE) SINKING FUND GOLD BONDS Authorized ......... £373,000 Dexter Horton National Bank. Retired ..... 20,000 Registerable: Coupon bonds, regis-. --—— terable as to principal. Dutstanding, June 1, 1530.._.........$353,000 Denomination: $1,000. Dated: Jan. 1, 19¢ Callable: On interest dates upon 30 Due: Jan. 1, 1948. days’ notice at 102 until Jan. 1, 1933; Property: Double corner (120x110 thereafter at 101 until Jan. 1, 1938; ft.), improved with Class A fireproof, thereafter at 100. concrete four-story building. Building Sinking Fund: Annual sinking fund convertible into commercial property. provides for retirement of $5,000 on Location: Southwest corner Third Jan. 1, 1929 and $10,000 on Jan. 1 of Ave. and Columbia Street, Seattle, each year thereafter. Security: Closed first mortgage on Tax Status: The borrower pays norland and building. mal Federal income tax up to 29%. Interest Payable: Jan. 1 and July 1. Offered by: Group of Seattle banks Interest and Principal Payable: At Jan. 1, 1928, at $99.50. trustee’s office. Listed on: Seattle Stock Exchange. Trustee and Registrar: First Seattle Price Range: 1929, high 93, low, 9115. SEATTLE ORPHEUM COMPANY, Seattle, Wash. FIRST MORTGAGE 6% SERIAL GOLD BONDS Authorized ..............oooo...........$1,000,000 1940, incl.; $500,000, 1941, Dated: Dec. 1, 1926. Interest Payable: June 1 and Dec. 1. Due: Serially, 1933-1941. Interest and Principal Payable: At Property: Land 210 by 108 ft.,, im- trustee’s office. proved with a modern theater and com- Trustee and Registrar: Bank of Calmercial building. Theater with ca- ifornia, N. A., Seattle. pacity of 2,600 seats. Commercial space Registerable: Coupon bonds, regis-17,177 square feet. terable as to principal. Location: Between Fifth Ave. and Denominations: $1,000, $500. Westlake Ave. on Stewart St., Seattle. Callable: By lot on 30 days’ notice, Security: Closed first mortgage on on interest dates at 102. : land and building. Land appraised at Tax Status: Borrower pays Federal $450,000. Building cost $1,631,000. income taxes not in excess of 2%. Maturities: Dec. 1 of each year; $60,- Offered by: Blyth & Co.. Dec., 1926. 000, 1933 to 1936, incl.: $65,000, 1937 to SECURITY BANK BUILDING, Olympia, Wash. 614% FIRST MORTGAGE GOLD BONDS Authorized ....cooocomeceemvccraceeeeeee.-... $175,000 $8,000, 1931; $10,000, 1932; $12,000, 1933; Retired ... veeeeeee 15,500 311000, 1934; $15,000, 1935: $100,000, —_— 6. Outstanding, May 1, 1930............$159,500 Interest Payable: Apr. 15 and Oct. Dated: Mar. 30, 1926. 15 . Due: Serially, 1928-1936. Interest and Principal Payable: At Property: Fireproof reinforced con- office of Wm. P. Harper & Son, Seattle. crete office building. Lot is 60 by 120 Trustee: Paul C. Harper, Seattle, ft. Ground floor occupied by bank and Wash. stores. Denominations: $1,000, $500, $100. Location: Lot 1, Block 24, Sylves- Callable: On 30 days’ notice on or ter’'s Plat of Olympia, Wash. South- before Apr. 15, 1931, at 103; thereafter west corner of Fourth Avenue and at 102. Washington St., Olympia. Sinking Fund: One-twelfth of an-Security: First mortgage on land nual requirements for taxes, insurance, and building. Total valuation of prop- interest and principal payments deerty, $293,000. posited with trustee each month. Maturities: On April 15 of each year; Offered by: Wm. Harper & Son, Mar $3.500. 1928: $5.000. 1929: $7.000. 1930: 1926, at par. REAL ESTA 67 SISTERS OF CHARITY OF PROVIDENCE Vancouver and New Westminster, British Columbia FIRST MORTGAGE REAL ESTATE 6% GOLD BONDS $300,000 $5.000 1923 to 1931 inclusive; $255,000, 35,000 1932. Interest Payable: Mar. and Sept. 1. Interest and Principal Payable: At Bank of Montreal, in Vancouver, Chicago or New York. Trustee: Canadian Financiers Trust Co., Vancouver, B.C. Registerable: As to principal. Denominations: $1,000, $500. Callable: After 3 years at 102 and nterest, on 60 days’ notice. Tax Status: Free from Canadian taxes if held by non-resident. Offered by: Ferris & Hardgrove. Spokane and Seattle. Authorized ... Retired _... Dutstanding, June 30, 1950. . wl0 Dated: Sept. 1, 1922. Due: Serially, 1923-32. Property: St. Pauls Hospital, Vancouver, B.C. valued at $715,000; St. Marys Hospital, New Westminster, B. C., valued at $53,000, and Providence Orphanage, New Westminster, B. C., valued at $121,000. Security: Direct obligation of the Sisters of Charity of Providence and secured by first mortgage on above named properties. Minturities: On Sept. 1 each year; SISTERS OF CHARITY OF PROVIDENCE OF MONTANA Great Falls, Montana 514% (CLOSED) FIRST MORTGAGE SERIAL GOLD BONDS Authorized ...ooconeianineianeean$3500,000 Maturities: July 1 of each year; $30,-Dutstanding, May 9, 1930............$3500,000 000 annually, 1932-1943; $140,000, 1944. Dated: July 1, 1929. Interest Payable: Jan. and July 1. Due: Serially, 1932-1944. Interest and Principal Payable: At Property: One entire city block, con- trustee's office. sisting of 14 lots, and Columbia Hos- Trustee: First National Bank, Great pital constructed thereon. Falls, Mont. Location: Second and Third Avenues Registerable: Coupon bonds, regis-North aun 15th and 17th Streets North, terable as to principal. Great Falls, Montana. t Security: Direct obligation of Sis- Benominaglons: 3500 and $1,000. ters of Charity of Providence of Mon- Callable: In inverse numerical ortana, land owned in fee, buildings and der on 60 days’ notice at 102. equipment, present Columbus Hospital Offered by: Richards & Blum, Inc, and new Columbus Hospital. Appraised Ferris & Hardgrove and Baillargeon, at 31.310.000. Winslow & Co., July 1, 1929 SKINNER BUILDING, Seattle, Washington FIRST MORTGAGE LEASEHOLD 6% SERIAL, GOLD BONDS Authorized ... $500,000 Oct. 15, 1928 to 1937, incl. Retired .......cocoovoveeeeeee. 125.000 Interest Payable: Apr. 15 and Oct. 15. - Interest and Principal Payable: At Dutstanding, June 1, 1930............4575,000 trustee's office. Dated: Oct. 1, 1925. Trustee: National Bank of Com-Due: Serially, 1928-19317. merce, Seattle. . Property: Eight-story fireproof Class Registerable: As to principal only. A building, containing theater, retail Denominations: $1,000 and $500. stores and office space. Built on tract Callable: On 60 days’ notice at 10215. embracing 4% city block, held under Sinking Fund: Deposit with trustee lease running to Nov. 1, 1954. 2ach month of 1-12th of annual interest Ca : on bonds plus 1-6th of the amount of Location: On east side of Fifth Ave, semi-annual serial retirement between Union and University Street, 5 : Seattle, Wash. Tax Status: Bonds free of normal Security: First mortgage upon the Federal income tax uw to 2%. building and leasehold interest of Fifth Mortgagor: Fifth Ave. Building Co. Avenue Building Co. Offered by: Dean Witter Co.. Octo-Maturities: $25.000 each April 15 & ber. 1925. SOVEREIGN APARTMENTS, Seattle, Wash. 7% FIRST MORTGAGE SERIAL GOLD BONDS Authorized ..........oooooomiiiiiiinae....... $175,000 to July 1, 1938. incl.: Dated: Jan. 1, 1929. Dues: Serially, $112,000. 1931-39. Interest Payable: Jan. and July 1. Property: F-story solid brick and Interest and Principal Payable: At concrete 143-room apartment house and office of Wm. D. Perkins & Co., Seattle. 40-car garage, on lots 6 and 7, block Trustee: National Bank of Commerce, 112, A. A. Denny's Broadway Addition, Seattle. owned in fee. Denominations: $100, $500, $1,000. wl sation: 1317 Boren Ave.. Seattle, Callable: After 3 years, at 102. security: First mortgage on land and _ Tax Status: Mortgagor pays normal yuilding, and charge against earnings. “ederal income tax up to 2%. Maturities: $3,000, Jan. 1, 1931; $4,000, Offered by: Wm. D. Perkins & Co.. 2ach Jan. and July 1. from July 1. 1931 leattle Jan 1 1939. THOMSON’'S MANUAL SPRING SUMMIT APARTMENTS, Seattle, Wash. FIRST MORTGAGE 6% SERIAL GOLD BONDS Authorized .......... ...__._... .. .......$350,000 office of W. D. Perkins & Co. Seattle. Dated: Dec. 15, 1928. Due: Serially, Trustee: National Bank of Commerce, 1931-39. Seattle. Property: Twelve - story concrete Registerable: As to principal. building. Land, 120x120, and building Denominations: $100, $500, $1,000. owned in fee simple. Building contains Callable: Callable prior to maturity 23 apartments and garage. at 102. Location: Southwest corner of Sum- Sinking Fund: Deposit with trustee, mit Avenue and Spring Street, Seattle, each month, one-twelfth of principal, Wash. interest, taxes and insurance premiums, Security: Closed first mortgage on due during the current year. land and building. Tax Status: Federal income tax up Maturities: $9,000 on each Jan. 1 and to 29% paid by borrower. July 1, 1931, to 1938, incl.; $206,000, Jan. Mortgagor: Spring-Summit Apart-L. 1939. ment Co. Interest Payable: Jan. and July 1. Offered by: Wm. D. Perkins Co. Interest and Principal Payable: At Seattle. STARK STREET CORPORATION (LUMBERMENS BLDG.), Portland, Ore. FIRST MORTGAGE LEASEHOLD 61% GOLD BONDS —. 1:1 (X11 (10) 1929, $15,000; 1930, $19,000; 1931, $21,000; eee 50,000 1932, $23,000; 1933, $24,000; 1934, $26,000; ere 1935, $27,000; 1936, $29,000; 1937, $31,000. Outstanding, Dec. 31, 1929............$200,000 Interest Payable: June 30 & Dec. 31. Dated: Dec. 31, 1922. Due: Serially, Interest and Principal Payable: At 1926-1937. trustee's office. Property: 6-story office building, Trustee: Title & Trust Co. Portland, erected in 1922, on leased land. Ore. Location: Fifth and Stark Streets, Sinking Fund: Net rentals deposited Portland, Ore. with trustee each month. Security: First mortgage on lease- Tax Status: Company pays 29% Fedhold and building. eral income tax. Maturities: On Dec. 31, each year: Offered by: Ralph Schneelock, Port-1926, $10,000: 1927. $12.000: 1928. $13.000. land. Ore STIMSON’S CANADIAN DEVELOPMENT CO., LTD., Vancouver, B. C. 7% FIRST CHARGE DEBENTURES on the company. ‘Also guaranteed as to interest and principal by G. A. Stimson & Co., Ltd. Rights: Subscribers given privilege of purchasing at $1 per share, 20 no-par shares of common stock for each $100 debenture. Privilege subject to cancellation at any time at option of company. Interest Payable: Jan. and July 1st, by check, in either Canadian or American funds. Denominations: $100, $500, $1,000. Offered by: G. A. Stimson & Co., Ltd. Authorized .............._.._ ..........$1,500,000 Dated: As issued. Maturity: 3 to 15 years; date to be specified by purchaser at time of purchase application. Property: Marine Building, at Burrard and W. Hastings Streets, Vancouver, B. C.; 20-story reinforced steel and concrete office structure, completed April 1, 1930, on lot, owned in fee, facing 184 feet on Burrard Street and 98 feet on Hastings St. Company also owns the Commerce & Transportation Building, in Toronto. ’ Security: First mortgage on all assets of the company and a direct charge STOCK EXCHANGE BUILDING CORPORATION, Vancouver, B. C. 6% FIRST (CLOSED) MORTGAGE SINKING FUND GOLD BONDS Authorized ____..____........ .....$550,000 Trustee: The Toronto General Trusts Dated: Feb. 1, 1929. . Corporation. Matures: Feb. 1, 1944. Denominations: $1,000, $500, $100. Property: Eleven-story reinforced Callable: To Feb. 1, 1939, at 105; 1% concrete fireproof office building and less per annum to 1942; then to maturproperty 120 by 78 feet. ity at 101. Location: Northwest corner of Howe Sinking Fund: Annual sinking fund and Pender Streets, in the financial dis- payable to trustee commencing Feb. 1, trict of Vancouver, B. C. 1931, sufficient to redeem 609% of issue Security: First mortgage on all the by maturity. . company’s present and future assets. Mortgagor: - Stock Exchange Build-Interest Payable: Feb. 1 and Aug. 1. ng Corporation, Ltd. Interest and Principal Payable: At Offered by: Miller, Court & Co., Ltd., Bank of Toronto (any branch). Vancouver, B. C., Feb., 1929, at 99. STRATFORD HOTEL BUILDING, Seattle, Wash. FIRST MORTGAGE 7% GOLD BONDS, (LEASEHOLD) een $765,000 $3,000; 1929, $6,000; 1930 and 1931, €.000 $7,000 each; 1932 and 1933, $8,600 each; 1934, $9,000; 1935, $10,000; 1936, $11,000; 1937 to 1940, $12,000 each; 1940, $48,000. Interest Payable: April and Oct. 1. interest and Principal Payable: At {fice of W. D. Comer & Co., Seattle Trustee: W. D, Comer. Registerable: Coupon Bonds register. ple as to principal. Denominations: $100, $500, $1,000. Callable: After three years, at 102. Tax Status: Federal income tax 2% paid by borrower. Mortgagor: Andrew Burns. Offered by: W. D. Comer & Co., Seattle, April, 1927, at par. Authorized .. Retired Outstanding, Jan. 1, 1930..... Dated: April 1, 1927. Due- es 1928-1940. Property: Land, 60x111, helu under 99-vear lease, improved with 7-story, concrete fireproof hotel building, containing 125 rooms. Location: Southwest corner of Third Avenue and Seneca Street. Security: First lien on the 99-year leasehold interest in the land, building and equipment, and all income therefrom. Maturities: Oct. 1 of each vear: 1928. STUDIO BUILDING, Portland, Oregon FIRST MORTGAGE 6% BOKXDS £21€ C00 1928, $8,000; increasing $500 annually to 25.500 Jan. 1, 1938, $13,000; 1939, $94,500. - Interest Payable: Jan. and July 1. Ry Interest and Principal Payable: At rustee’'s office. Trustee: Equitable Trust Co. Denominations: $100, 3500, $1.000. Tax Status: 29% tax exemption. Hortgagor: J. R. Ellison and C. H nite, Offered by: Portland. Ore Authorized ....__ Retired ..... Dutstanding, June 1, I Dated: Jan. 1, 192. Due: Serially, 1928-1939. - Property: Eleven-story fireproof building. Loeation: Northwest corner West Park and Taylor Streets, Portland, Ore. Security: First mortgage on land and building. Maturities: Jan. 1 of each vear: SUMPTER VALLEY RAILWAY, Baker, Oregon FIRST MORTGAGE 6% SERIAL GOLD BONDS ......3650,000 Interest Payable: Jan. and July 1. 20.000 Interext na Principal Payable: At — trustee's office. Outstanding, June 1, 1930 $620,000 T : i C . Dated: Jan, i, 1927. Due: 1929-1942. ,agustee: Equitable Trust Co.. Port Property: Narrow-gauge steam rail- ! i le: Lo. road, connecting Baker, Ore., with Prai- Registerable: As to principal. rie City, Ore., a distance of 79.63 miles, Denominations: $1,000, $500. Security: First mortgage on all fixed Callable: In inverse order of maturassets and guaranteed by David Eccles ty on any interest date at 103. on 30 Co. days’ notice. Maturities: Jan. 1, each year: 1929- Tax § : 20 t 1910, $15,000 each vear: 1941. $20.00.: ax Status: 29% tax exempt. 1942 $£450.000 Offered by: Lumbermans Trust Co. TACOMA MASONIC CORPORATION, Tacoma, Washington FIRST MORTGAGF 31%% SERIAL GOLD BONDS (CLOSED MORTGAGE) Authorized ..._..... +285,000 000; 1934, 1935, 1936, $6,000; 1937, 1938, Retired | 4,000 1939, $7,000; 1940, 1941, $8,000: 1942, 1943, $9,000; 1944, 1945, $10,000; 1946. 1947, $11,000; 1948, $147,000. ‘nterest Payable: Dec. 1 and June 1. .nterest and Principal Payable: At ustee’'s office. Trustee: The Bank of California. i. A, Tacoma, Wash. Registerable: As to principal. Denominations: $1,000 ($500 in last maturity only). Callable: On any interest date on 20 lays’ notice, in whole or part in inrerse order of maturities at 101. Tax Status: Borrower pays normal Federal income tax not exceeding 29%. Offered by: Peirce. Fair & Co.. Seattle. Dec... 1928 $70 THOMSON'S MANUAL TERMINAL ICE COLD STORAGE COMPANY, Portland, Oregon FIRST LIEN 7% SERIAL GOLD BONDS Authorized .._.............. $200,000 trustee's office. Retired ........_........occcoo.. eee... 42,000 Trustee: Equitable Trust Co., Port- — land, Ore. Outstanding, May CMLL i Denominations: $500 and $1,000. Dated: Jan. 1, 1 . . Hable: i Due: Serially, 1928-1938. Wh a iy? AL 105 on any interest date, Property: Cold storage plants. . Lecation: Portland, Salem and Gras- Sinking Fund: $500 monthly payable naam, Ore. is trustee Feb. to May; $1,572, June to Security: First lien on plants. ec. Maturities: Annually, Jan. 1; $20,000 Tax Status: Borrower pays 2% Fedrach year. eral income tax. Interest Payable: Jan, and July 1. Offered by: Lumbermen’'s Trust Co. [Interest and Principal Pavable: At and Joseph C. Tvler Co. TERMINAL SALES BUILDING, Seattle, Washington FIRST MORTGAGE 614% SERIAL COUPON BONDS Authorized ......... .._...______.........$325000 until 1936 and $127,000 April 1, 1937. Retired ............. ...cooiiiieeene.. 81,000 Interest Payable: Apr. and Oct. 1. —_— Interest and Principal Payable: Aft Outstanding, June 1, 1930............$244,000 trustee's office. Dated: April 1, 1923. Trustee and Registrar: S. W. Straus Due: Serially, 1925-1936. & Co. Property: Land 90 ft. by 111 ft. Denominations: $1,000 and $500 bonds Building-—Gothic 11 stories in height, in all maturities and $100 in last. reinforced concrete, fireproof construc- Callable: At 1021. tion, exterior of brick and terra cotta. Sinking Fund: Monthly deposit of 85,000 sq. ft. of rentable area. ] 1-12th of the amount of principal and Location: Northeast corner of First interest coming due during the year. Avenue and Virginia Street, Seattle. Tax Status: Federal income tax 29% Security: Direct closed first mort- paid by borrower. rage on land and building. Mortgagor: Pacific Warehouse Co. Maturities: April 1 each year; 1925, Offered by: S. W. Straus & Co., Apr., $11,000, and increasing $1.000 per vear 1923, at par. UNITED PACIFIC REALTY & INVESTMENT CORPORATION GENERAL OFFICE: Exchange Bldg. Seattle, Wash. CONTROL: United National Corporation owns all but directors’ qualifying shares. HISTORY: Incorporated under laws of Washington, October, 1929, to consolidate under one management all of the real estate interests of the United National Corporation, Seattle, Wash. BUSINESS: Acquiring, controlling, managing and dealing in income producing business properties in the major cities of the Pacifc Northwest. HOLDINGS: 519% United Medical & Dental Building, Seattle, 18 stories; 51% United Shopping Tower, Seattle, 12 stories; 989% United Exchange Building, Seattle, 23 stories; 60% Rhodes Medical Arts Building, Tacoma, 16 stories; 100% United Pine Center Building, Seattle, 3 stories; 100% Green Block, Spokane, 2 stories; 1009% United National Building, Seattle, 2 stories. : Combined appraisal value of all properties in excess of $10,000,000. Combined rentable area more than 650,000 sq. ft. United National Corporation had an investment in the United Pacific Realty & Investment Corp. of $2,716,067 as of June 30, 1930. OFFICERS: R. M. Drumheller, Chairman of Board; Ben B. Ehrlichman, Pres.: John H. Scully, Vice-Pres,, in charge of operations; George Harroun, Secy.; Robt. F. Hewitt, Treas. and Asst. Secy. . DIRECTORS: Ben. B. Ehrlichman, R. M. Drumheller, W. H. White, R. I. Ehrlichman, John A. Scully, Eugene B. Favre, Elton B. Sherwin, W. C. Hewett, George Harroun. CAPITALIZATION, As of June 30, 1930 Par Value Authorized Outstanding Common Stock .._......_...._..._............. NoPar 500,000 shs 50,000 shs BALANCE SHEET, As of June 30, 1930 ASSETS LIABILITIES Accounts Payable ...7........ ......§ [Interest Payable .._.._.._............_.. Accrued TAXES woeeueeueemeemiececaaaae nmcome Tax Reserve .............. Assessments Payable .__..__......_... Mortgage Payable Due Affiliated CoS.coeeeeceeaa. Capital Stock o.oo surplus ..... een Cash ......... — ceed 33,236 Accounts Receivable _................. 1,939 Due from Controlled Cos........... 1.612,675 Stocks of Controlled Cos.: Medical Dental Bldg.. Rhodes Realty Corp.. Exchange Bldg. .... Shopping Tower..........._ Pine Center Building...... United National Bldg............ _. Green Block Furniture and Equipment.......... 0$ Deferred Charges o.oo.cooeeeeeeeaeee. 2,943 TOTAL ASSETS ..oooo..o..........$3,202,461 TOTAL LIABILITIES ............$3.202,46] REAL ESTATL - UNITED EXCHANGE BUILDING, Inc., Seattle, Washington COXTROL: By United Pacific Realty & Investment Corp., a subsidiary of United National Corp. HISTORY: Incorporated under laws of Washington in 1928. PROPERTY: A 23-story office building, completed in 1930, occupying area fronting 60 feet on Second Avenue, 235 feet on Marion St, and 120 feet on First Ave., in the center of the Seattle financial district. The building contains 4,300.-000 cubic feet and a net rentable area of approximately 206,600 square feet. The land is owned in fee. The building is the home of the Seattle Stock Exchange, Seattle Curb Exchange, Seattle Merchants Exchange, Seattle Grain Exchange and Seattle Wholesale Butter. Egg. Cheese and Poultry Exchange. ¥*UNDED DEBT, As of Dee. 31. 1929 Rate Dated Due ist Mtge. Gold Bonds.......... 6% 12-31-28 12-31-48 Gen. Mtge. S. F. Bonds.......6%% 12-31-28 12-31-43 Subordinated Mortgage ........6%% 12-31-28 12-31-43 Authorized $1,900,000 $600,000 £400,000 Outstanding $1,900,000 $600,000 $250,000 1. 2. 3. i. FIRST MORTGAGE 6% SINKING FUND GOLD BONDS Interest Payable: June 30 and Dec. 31, at National Bank of Commerce, Seattle, or Continental National Bank & Trust Co., Chicago. Trustee: The National Bank merce, Seattle. Registerable: As to principal. Denominations: Coupon $1,000, $500 and $100. Callable: As a whole, or in part, on any interest payment date at 103 on or before Dec. 31, 1933; at 102 on or before Dec. 31, 1938; at 101% on or before Dec. 31, 1943. and at 101 thereafter. Sinking Fund: A sinking fund provides for the retirement of an aggregate principal amount of $303.000 prior to maturity Tax Status: Interest payable without deduction for Federal income tax not in excess of 29%, and certain state taxes refunded in Calif.,, Mich, Minn. and Iowa. Security: First closed mortgage on land owned in fee and the Exchange 3uilding erected thereon. Legal Opinion by: Messrs. Peters & Powell, Seattle, and Messrs. Sonnensrhein, Berkson, Lautmann & Levinson, “hicago, and George Harroun, Esq.:. Seattle. Offered by: Laurence Stern & Co., New York, and Drumheller, Ehrlichman & White, Seattle, Dec., 1928, at 99. Listed on: Seattle Stock Exchange. Price Range: 1929. high 983, low 93. 2. GENERAL MORTGAGE 6v%% Interest Payable: June 30 and Dec. 31, at office of trustee. Trustee: Seattle Trust Co. Registerable: As to principal only. Denominations: $1,000 and $500. Callable: As a whole or in part, on any interest date at 103 on or before Dec. 31, 1933; thereafter at 102 on or before Dec. 31, 1938; thereafter prior to maturity at 101%. Sinking Fund: Commencing Dec. 31, 1932, sufficient to retire, by purchase or redemption, $300,000 aggregate principal amount prior to maturity. Tax Status: Interest payable without deduction for normal Federal income tax not in excess of 29%, and certain state taxes refunded in Calif, Mich., Iowa and Minn. Security: These bonds are the direct nINKING FUND GOLD BONDS sbligation of United Exchange Buildng, Inc. secured by a general mortzage on land owned in fee and building, subject to a first mortgage of $1.900,000. Legal Opinion: By Messrs. Sonnenichein, Berkson, Lautman & Levinson, Thicago, and Messrs. Peters & Powell, Seattle, for the bankers, and of Geo. Harroun, Esq., for the borrowing corporation. Offered by: Drumheller, Ehrlichman & White, Bond & Goodwin & Tucker, inc, Marine National Co. Fgrris & Hardgrove, Seattle Title Trust Co., Smith, Strout & Eddy, lnc, Thos. B. Greening & Co.. Murphey. Favre & Co., at 95%. Listed on: Seattle Stock Exchange. Price Range: 1929. high 95, low 80. 2. SUBORDINATED GENERAL MORTGAGE 6%% GOLD BONDS Interest Payable: June 30 and Dec. or before Dec. 31, 1943. 31, at trustee's office. Tax Status: Company pays normal Trustee: Seattle Trust Co. Federal income tax yp to 2%. Callable: On any interest date at Security: General mortgage on the 103 on or before Dec. 31, 1933; at 102 property, subject to First Mortgage non or before Dec. 31. 1938: at 101% on and General Mortgage THOMSON'S MANUAL UNITED MEDICAL & DENTAL BUILDING, INC., Seattle, Wash. CONTROL: United Pacific Realty & Investment Co. (Subsidiary of United National Corp.) owns 519% of outstanding stock. PROPERTY: Company owns in fee and operates the Medical and Dental Building, an 18-story structure, completed in 1925, located on about one-third city block, facing 230 feet on Olive Street, 64 feet on Westlake Avenue, 41 feet on Fifth Avenue and 100 feet on Sixth Avenue, in the upper shopping district of Seattle. Land and building appraised at $2,750,000. Building contains approximately 3,122,000 cubic feet and 123,000 square feet of rentable area. Offices are occupied exclusively by doctors and dentists. FUNDED DEBT, As of Dee. 31, 1929 Rate Dated Due Authorized Outstanding 1. 1st Mtg. S. F. Bonds...c.cece...... 6% 10-14-27 10-15-47 $2,200,000 $1,575,000 2. Gen. Mtg. Serial Bonds............ 7% 10-14-27 1930-42 $600,000 $390,000 i. FIRST MORTGAGE 6% SINKING FUND GOLD BONDS Interest Payable: Mar. 15 and Sept. come tax not in excess of 29 and cer-15, at the Continental & Commercial tain state taxes refunded in Calif., National Bank, Chicago, or office of Mich, Towa and Minn. trustee. Security: The bonds are the direct Trustee: National Bank of Com- dbligation of United Medical & Dental merce, Seattle. . Building, Inec., and are secured by a Registerable: As to principal only. first mortgage on land owned in fee Denominations: Coupon $1,000, $500 and the Medical and Dental building. and $100. Legal Opinion by: D’Ancona & Callable: At the option of the com- Pflaum, Chicago, and Peters & Powell, pany at 102 on or before Sept. 15, 1946, Seattle, for the bankers, and of George and at par thereafter. - Harroun, Esq., of Seattle, for the bor-Sinking Fund: A sinking fund pro- rowing corporation. . vides for the retirement of an aggre- Offered by: Lawrence Stern & Co. gate principal amount of $725,000, or Drumheller, Ehrlichman & White, Dean approximately 46% of this issue, prior Witter & Co., November, 1927, at 100. to maturity. Listed on: Seattle Stock Exchange. Tax Status: Interest payable with- Price Range: 1929, high 102, low nut deduction for normal Federal in- 9614. 2. GENERAL MORTGAGE SERIAL 7% GOLD BONDS Interest Payable: Sept. 15 and March Security: Direct obligation of the 15, at trustee’s office. United Medical & Dental Building, Inc, Principal Payable: Sept. 15 of each and are specifically secured by a genvear. 1930-31, $15,000; 1932, $20,000; eral mortgage on land owned in fee, 1933, $25,000; 1934, $30,000; 1935-36-37- and the Medical & Dental Building, 38-39-40-41, $35,000 each; 1942, $40,000. Seattle, subject only to a first mortgage Trustee: National Bank of Commerce, of $1,575,000. Seattle. Legal Opinion by: Messrs. D’Ancoma Registerable: As to principal only. & Pflaum, Chicago, for the bankers; Denominations: $1,000 and $500. Peters & Powell, of Seattle. Callable: At 100 on any interest date Offered by: Drumheller, Ehrlichman on 30 days’ notice. . & White. Tax Stans inferest Payase without Date Offered: Sept. 1927. deduction for norma ederal income . | tax not in excess of 29%, and certain Listed: Seattle Stock Exchange. state taxes refunded in Calif.,, Mich., Price Range: 1929—High. 991; Low Towa and Minn. 93. VANCOUVER GEORGIA HOTEL, Vancouver, B. C. FIRST MORTGAGE 6% SERIAL COUPON GOLD BONDS rienennen-$1,350,000 to 1942, then $66,000 in 1942, and the - 57,000 balance, $693,000, in June, 1942. _— Interest Payable: June 1 and Dec. 1. Outstanding, July 1, 1930........$1,293,000 Interest & Principal Payable: At Dated: June 1, 1926. trustee’s office. Due: Serially, 1929-1942. Trustee & Registrar: 8S. W. Straus Property: Lot 120 by 150 ft, on & Co. which was built in 1926 a 12-story hotel Registerable: As to principal. structure of reinforced concrete with Denominations: $1,000, $500, $100. 320 guest rooms. Callable: At 103 for first 5 years, Location: Northwest corner of thereafter at 102. Georgia and Howe Streets, Vancouver, Sinking Fund: Monthly deposit of B. C. 1-12th of the amount of principal and Security: Closed first mortgage on interest due during current year. (and, buildings, furnishings and equip- Tax Status: 29 TU. S. Federal inment. Estimated value, $2,110,000 in come tax paid. 1926. Mortgagor: Georgia Hotel Co. Ltd. Maturities: Sepially, June 1 of each (Affiliated with Dredging Contractors, vear; 1929, $27,000, and increasing Ltd.) . thereafter at the rate of $3,000 per Offered by: S. W. Straus & Co, in vear until 1938. and thereafter at $4.000 June, 1926. Authorized .._.. Retired REAL ESTA.. WASHINGTON ATHLETIC CLUB BUILDING, Seattle, Washington FIRST MORTGAGE 6v%% GOLD BONDS Authorized ieee. $31,150,000 1932 and 1933, $30,000; 1934, $40,000; Dated: Nov. 1, 1929. 1935 to 1945, incl, $50,000; 1945, $500,-Due: Serially, 1932-1945. 000. Property: Twenty-one-story fire- Interest Payable: May 1 and Nov. 1. proof reinforced concrete and steel con- Interest and Principal Payable: At struction building, faced with brick office of W. D. Comer & Co., Seattle. and tile; land 120 by 115 ft. frontage. Trustee: William D. Comer. Ten floors of building devoted to suites Denominations: $100, $500, $1,000. and rooms for members of the club. Callable: On any interest date at 102. Complete athletic equipment. Sinking Fund: Monthly deposits with Loeation: Sixth and Union, in Se- :he trustee. attle. Tax Status: 29% Federal income tax Security: First mortgage on land, paid by borrower. building, equipment, an equity in the Mortgagor: Washington Athletic furniture, and a first lien upon the in- Club Holding Company. come. Appraised value, $2,300,000. Offered by: W. D. Comer & Co. Se-Maturities: Nov. 1 of each vear: attle. November. 1929 WASHINGTON BUILDING, Tacoma, Washington FIRST (CLOSED) MORTGAGE 6% TWENTY-YEAR SINK. FUND GOLD BONDS Authorized ..._... crreeene--$975,000 Interest Payable: Mar. 1 and Sept. Retired ceeeeeeeeee 85,000 1, at trustee's office. —_— Trustee: Anglo-California Trust Co, Dutstanding, Apr. 1, 1930............$890.000 San Francisco. Co-trustee, National Dated: Sept. 1, 1924. Bank of Tacoma, Wash. Mature: Sept. 1, 1944. * Property: Seventeen-story Class A Denoatination: $s00 apd, L040. structure, 85,000 square feet of office Callable: On any interest payment space above ground floor, 16,000 square fate, on 30 days’ notice, at 102. feet of rentable area on ground floor Sinking Fund: 1927-1929, , $20,000 and in basement, five upper stories de- rach; 1930-1932, $25,000 each; 1933-1934, signed to accommodate dentists and $530,000 each; 1935-1938, $35,000 each; physicians; property has 120-foot front- 1939-1940, $45,000 each; 1941-1943, $50,-age on Eleventh Street, and 75-foot 100 each, leaving $400.000 to be paid at frontage on Pacific Avenue. maturity. Location: Northeast corner of Elev- Tax Status: 29% normal Federal inenth Street and Pacific Avenue, Ta- ome tax paid by borrower. coma, Wash. Mortgagor: Washington-California Security: First closed mortgage on “ompany. property and building, owned in fee. Offered by: Blyth & Co., Peirce, Fair Appraised value of property and re- & Co., Bond & Goodwin & Tucker, Inc.. placement value of building. $1.660.000. September. 19%2¢ WASHINGTON MANOR APARTMENTS, Seattle, Washington FIRST MORTGAGE SINKING FUND GOLD BONDS .--.-$215,000 Interest Payable: Jan. and July i. 18,000 Interest and Principal Payable: An —_— trustee's office. Dutstanding, June 30, 1930............$197,000 Trustee: Seattle Trust Co. Dated: July 1, 1926. Denominations: $100, $250, $500, and Due: Serially, 1929-1936. 1,000. Property: Eight-story reinforced Callable: At 101 on any interest date. concrete building, containing 177 rooms Sinking Fund: Annual requirements on corner lot, 80 by 103 feet. for interest, taxes, insurance and prin-Location: Southeast corner East 34d cipal reduction paid monthly to trustee. Street and Brooklyn Avenue, Seattle. Tax Status: Federal income tax up Security: First closed mortgage on to 29% paid by borrower. lot and building. Mortgagor: University District De-Maturities: $6,000 each Jan. and July velopment Corp. 1, 1929, to Jan. 1, 1933, incl.; $7,000, July Offered by: Seattle Trust Co.. July. and Jan. 1 to Jan. 1. 1936. incl.: $119.000. 1926. Authorized Retired .. BOND VALUE TABLES INTEREST TABLES BOOKS ON FINANCE Will send on approval to any rated firm. Most complete stock in Pacific Northwest. THOMSON’S BUSINESS BOOK SERVICE RNeoattle Waar +74 THOMSON'S MANUAL WEST PARK STREET CORPORATION, Portland, Oregon FIRST MORTGAGE AND LEASEHOLD SINKING FUND 6%% GOLD BONDS Authorized ........ .----$280,000 Interest Payable: May 1 and Nov. 1. Retired .. ene 10,000 (Interest and Principal Payable: At . Tam office of trustee. Outstanding, May 10, 1930............8270,000 Trustee and Registrar: Common-Dated: May 1, 1927. wealth Title & Trust Co., Portland, Ore. Due: May 1, 1942. Registerable: As to principal only. Denominations: $100, $500, $1,000. Callable: At 102! at any interest late by lot, upon 30 days’ notice. Sinking Fund: Sinking fund of $207,-JOO to be acquired and used to retire outstanding bonds before the date of maturity. Tax Status: Federal income tax of 29, and state taxes not exceeding 5% paid by company. Offered by: Blyth & Co., May, 1927 WILSONIAN APARTMENTS, Seattle, Washington FIRST MORTGAGE 61% SERIAL COUPON BONDS $430,000 $23,500; 1934, $26,500; 1935, $28,000; 1936, 99,000 $212,000. , —~—— Interest Payable: June and Dec. 1. Outstanding, June 30, 1930............$331,000 Interest Sha Principal Payable: At trustee's office. Dated: Dec. 1, 1922. Trustee: S. W. Straus & Co. Mature: Serially, 1925-1936. Denominations: $1,000, $500 ($100 Property: Seven-story, kitchenette last maturity only). apartment on lot 240 by 103 ft. Callable: At 105 first 6 years: 103 Loeation: Northeast corner East 47th thoreaiter. 3 ; . Sinking Fund: One-twelfth of amount St. and University Way, Seattle. due on principal and interest during Security: First mortgage on land, current year, payable to trustee each building and furnishings. month. Maturities: Serially, June 1 of each Tax Status: 4% Federal income tax year; 1925, $14,000; 1926, $15,000; 1927, Paid by borrowers. $16,000; 1928, $17,000; 1929, $18,000; 1930, Offered by: S. W. Straus & Co., at 319.000 1931. £$20.000° 1932. $21.500° 1933. par, Dec.; 1922. WINDHAM APARTMENTS, Seattle, Washington FIRST MORTGAGE 7% GOLD BONDS Authorized ___............cocoeemieeneeene........$175,000 Bank of Commerce, Seattle; Chase Na-Retired ..... ceeeeee 14,000 tional Bank, New York City. Outstanding, May 10, 1930............$161,000 Trustee and Registrar: W. D. Comer Dated: July 1, 1925. Registerable: As to principal only. Due: Serially, 1927-1938. Denominations: $100, $500, $1,000. . : i t date Property: Seven-story, fireproof, re- Callable: At 102 on any interes inforced concrete apartment building. >» 30 days’ notice. Location: Northwest corner of Fifth Avenue and Blanchard Street, Seattle. Security: First mortgage on land, buildings and equipment, and income therefrom. Appraised value, $300,000. Maturities: July 1 each year; $3,000, 1927; $5,000, 1928; $6,000, 1929-30; $7,000, 1931-32; $8,000, 1933-34; $10,000, 1935-36-37-38; $85,000, 1938. Interest Payable: Jan. 1 and July 1. Interest and Principal Payable: At office of W. D. Comer & Co.. National Sinking Fund: One-twelfth of the amount retired each year to be turned sver to the trustees each month, except in 1938, when the payments will be the same as 1937. Tax Status: 29, Federal income tax paid by borrowers. Mortgagor: Real Estate Improvement Co. of Seattle, Wash. Offered by: W. D. Comer & Co. and National Bank of Commerce, Seattle, July 1, 1925. Name Alma Mater Univ. of B.C............. Artificial Ice & Cold Storage Co., Billings, Mont. ..cccvvereeemiamenaannaes Am. Linen Supply Co., Seattle.... Aim. Auto Bldg. Seattle................ Albion State Normal, Idaho........ Askell, T. N. and wife, Seattle... Anderson Fish Co., Astoria, Ore. 4880. Students, Univ. of Ore......... Abonita Apartments, Seattle...... Albany College, Albany, Ore....... Ball Ranch, Montana.........c.c.......... Big Wood Canal Co. Idaho.......... Billings Deaconess Hospital........ Broadway-Oak Bldg. Portland. Columbia Corp., Great Falls........ Tatholic Bishop of Seattle— St. Paul's Parish, Yakima........ St. Leo's Parish, Tacoma.......... St. Teresa's Parish, Seattle...... St. Mary's Parish, Aberdeen.... “ashmere Fruit Growers’ Union “rater Lake National Park.......... Jommodore Apts. Seattle, Wash, Campbell Bldg. Seattle, Wash... “olumbia Hospital, Astoria, Ore. Cannon Beach l.and & Timber Co., Oregon cisco 5 Shrine Temple Assn. Helena...... Zaladonian Hotel, (l.easehold), Seattle, Wash........ocommmmmmsemns Jatholic Bishop of Nisqually... Carlton Apartments, Seattle........ Continental Hotel, Seattle............ Cashmere Cold Storage & Whse. Joncord Apartments, Seattle........ Eaton, W. L., Seattle.................... East Wenatchee Water Assn... Elks Lodge, l.ewiston, Idaho... Elks Lodge, Aberdeen, Wash....... Klks Lodge, Portland, (2d Mtge.) llks Home PBldg., Butte, Mont... Fisher Bros. Mill. Co., Corvallis. [Fisher Flour. Mills, Silverton... I'ried Estate, Seattle... .................. I. W. Gooding & Sons, Idaho...... Tillespie (Robt) Bldg., Seattle.. Grant Orchards Fruit Growers... ‘Gearhart Park, Oregon...... In default. Dated 1929 1929 1928 n2e 925 929 924 926 926 126 123 924 925 926 924 926 1926 927 1925 923 1927 1927 1929 1926 1926 1925 1925 $926 926 "eh 22 9927 1924 1925 1922 1925 1921 “23 u2R 927 veep 162f 923 MISCELLANEOUS REAL ESTATE BONDS Due Int. Pay. Rate Issue Outstdg Apr. 1 1944 A&O 1 6 $ 35.000 $ 35.000 May 1 Sept. 25 Nov. 1 Dct. 1 May = June June Jan. May Apr. Sept. Nov. Dec. Dec. 1939 1930-33 1931-38 1240 631-39 ‘31-34 27-31 28-36 227-36 924-33 {925-34 1928-35 1927-36 . 1926-34 J&L» J&J i S&M 2F oT 50,000 75,000 30.000 R,000 © nOO 00 000 000 000 € 000 00,000 78,000 00,000 65.000 50,000 75,000 90,000 52,000 350,000 16,000 52,000 35,000 76,000 16,000 :18,000 69,5600 70,000 18.500 July 1 Oct. 1 Apr. 1 Aug. 1 May 15 Feb. ~ Feb. Mar. Oct 1928-38 1929-43 1929-41 r97-43 -3< J & AX. * 1 / (5,000 75,000 7,600 Nn 000 000 00 a0 40 “00 69,5600 68,500 36,000 66,000 10,000 60,000 13,500 77.000 Yona in WN May 20 Julv 1 1932 1927-41 M&I1. J & zl +00 ano 42,500 135,000 Apr! 1 May 15 June 1 May 156 May 15 Apr. 15 July 15 Det. 1 Jet. 1 july 1 Apr. 1 July 1 Feb. 1 May 1 sept. 15 Sept. 15 feb. 24 July 1 Net. 1 928-35 927-40 n28-37 028-31 996-35 5-35 R-37 -3¢ —4y i 6-35 wr gas 931-33 1927-36 1932-35 1931-38 99 Mé. VC Vv. 1¢ 000 ,000 * 500 000 N00 00 000 500 ‘00 JOO N00 N00 00 7,000 5000 “000 000 25.000 10.000 74,000 "2,000 4,500 "3,000 1,000 0.500 3.000 51,000 37,000 29,000 00,000 27.000 15,000 46,250 £5,000 £5,000 55,000 25.000 35 000 Wh Trustee Toronto General Trust Corp. Murphey, Favre & Co., Spokane Seattle Trust Co., Seattle Seattle Trust Co., Seattle Boise Title & Trust Co., Boise, Idahe Wm. P. Harper & Son, Seattle Portland Trust & Sav. Bk., Portland UU. S. Nat. Bank, Portland, Ore. Wm. D. Comer & Co., Seattle, Wash First Savings Bank, Albany, Ore. Ferris & Hardgrove, Spokane “erris & Hardgrove, Spokane Nat. Bank of Commerce, Seattle Title & Trust Co., Portland. Spokane & Eastern Tr.. Co.. Spokane Juaranty Trust Co. Yakima 7irst Seattle Dexter Horton Nat. Bk American Exchange Bank, Seattle Grays Harbor Nat. Bk., Aberdeen Spokane & Kastern Trust Co. J. 8. Nat. Bank, Portland Equitable Trust Co., Portlnad Jeattle Trust Co., Seattle Equitable Trust Co., Portland Title & Trust Co. Portland Union Bank & Trust Co., Helena W. D. Comer & Co., Seattle Metropolitan Nat. Bank, Seattle Seattle Trust Co. Tommercial Bk. & Tr. Co.,, Wenatchee Wm. D. Comer, Seattle W. P. Harper & Sons litle & Trust Co., Portland ‘daho Trust Co., Lewiston, Ida. 3rays Harbor Nat. Bank, Aberdeen J. 8. National Bank, Portland vetals Bk. & Tr. Co., Butte ritle & Trust Co., Portland Tquitable Trust Co., Portland Seattle Trust Co. 1d Nat. Bank, Spokane Jeattle Trust Co. Jommercial Bk. & Tr. Co., Wenatchee Mitle & Trust Co., Portland x rH > pad 7] nN < > — pot he BR 7 Name Hawkins & Roberts (Terminal Hotel I.easehold), Salem, Ore... Hubbel Bldg., Seattle, Wash......... Haynes Foster Bak. Co., Portland [daho Technical Institute............ Idaho Technical Institute............ Independent Whse., Pendleton.... Klamath Heating Co. (Ore.)........ Kulien Bldg., No. 1, Seattle.......... Kulien Bldg., No. 2, Seattle.......... Kulien Bldg., No. 3, Seattle......... Kelowna Com. Hotel (B. C.)........ Kern, A. E., & Co., Portland........ Little Sisters of St. Francis (W:) Lorraine Hotel, Portland, Ore..... *Lithian Hotel, Ashland, Ore....... Ray Maling Co., Hillsboro, Ore... Marwood Apartments, Seattle... Medford Pre-Cooling & Storage Montana Catholic Missions.......... Mann Building, Seattle. ................ Mt. Vernon Hotel Co. (Wash.).... Northwest Fruit Union, Salem.... North Pacific College, Portland.. Nat. Laundry Co., Twin Falls...... Robert Noble Estate, Nampa...... Olive Crest Hotel, Seattle............ Oregon Canning Co., Newberg... Opal Springs Water Co., Culver Portland Golf Club (Oregon)... Queen City Building, Seattle...... Sacred Heart Parish, Seattle...... St. Mary's Hospital, Everett........ St. Regis Hotel, Seattle........_..._._. Spokane Hotel, Spokane................ St. Ignatius Hospital, Colfax... Selden Bldg. Seattle, Wash......... Spokane Theatres, Inc... Salem General Hospital................ Skyland Farm, Sheridan, Ore....... Sisters of St. Joseph, Lewiston.. 309 Melrose Ave. North, Seattle.. Univ. Christian Church, Seattle.. Univ. of Idaho Bldg. Assn........... University Club, Portland, Ore... vancouver.Crystal Pool (B. C.).. Vancouver, (Wash.), Com. Hotel Waverly Country Club, Portland Westwood Apts. Seattle.........._... Whitworth Apartments, Seattle.. Whitman College, Men's Dorm... ‘Fhitman Col. Women’s Dorm..... *Tn defanilt Dated 1927 cag Aug. 1 Mar. 25 July 1 Nov. 1 July ~ yaly Mar. . . ine 27, " Dec. L. Dec. %€ Feb. san. July Apr. June Apr. Apr. Dec. Vay Tay 1ly in. an. Jan. Apr. . Dec. Feb. 15 June 1 Oct. 6 May 1 Nov. 1 July 1 Nov. 15 Aug. 1 Dec. 1 Mar. 15 Apr. 1 June 1 Nov. 1 Aug. 1 Nov. 9 Sept. 1 Apr. 1 May 1 June 10 Jan. 1 Apr. 1 Vay 15 Mar. 1 Feb, 1 Det 15 5: il 2 ite 6 3 Y R Z 15: 9: $2 Due 1928-42 1928-34 “bh 224-38 6-40 9-38 4 ~c., '31 0-37 1-38 2 -0-43 +28-40 "27-40 29% e7-¥ neg i 8-356 { -9-39 "1-41 5 4 £8-37 £8-36 £0-29 75-22 1-24 28-12 720-37 "7-36 2 "8-41 22 "7-35 2 9-38 1-42 3 4 1-43 2 320-35 1930-40 1924-43 1928.45 Int. Pay. F&A A&O (EJ a VEN 1d Jo T Tr 1 A 4 A o J. Ak Ar 1 ry lv © To J 4 A 1: Cr) A&0O 6 VM&N Vi&N NM &N Jual ce. V&S 1 MS 15 AD) J VI 2 vr Vv 8 M i&" J¢ A v A) | A ROY T IN ) i ) 1 [ Rate 0 Issue Outstdg. 125,000 2 000 00 10 nn 2,600 500 000 5600 000 000 900 500 700 700 ,000 ,000 000 »,000 2,600 9,000 1,500 36,000 38.000 7 ) 9 0 00 100 200 000 £000 nngQ 0 0 . 400 i DOG 38,000 000 +:,000 30,000 12,000 20,000 v,000 . 4,000 140,000 32,500 25,000 20,000 120,500 10,500 25,000 57 BOO 10 co “0 +0 90 L.v00 60,000 66,000 25,000 100,000 40,000 50,000 25,000 75,000 70,000 vy meses 65,000 58,5600 35,000 +,000 100,000 ,000 2<,500 4,500 -85,000 .3,5600 80,000 30,000 -00,000 80,800 75,000 «0,000 00,000 100.000 75,000 ,000 60,000 £2,000 160,000 120,000 150,000 113,500 320.000 1R7.500 Trustee <quitable Trust Co., Portland N. D. Comer & Co., Seattle lFitle & Trust Co., Portland first Nat. Bk. of Pocatello First Nat. Bk. of Pocatello First Nat. Bank, Pendleton Portland First & Savings Bank Seattle Trust Co. Seattle Trust Co. Seattle Trust Co. Jkanogan Loan & Inv. Co. MPitle & Trust Co. Portland Coffman, Dobson, Chehalis litle & Trust Co., Portland Litle & Trust Co., Portland Fitle & Trust Co., Portland Nm. D. Comer, Seattle - Strong & McNaughton Tr. Co., Portd. Western Mont. Nat. Bk., Missoula Seattle Trust Co. First Seattle Dexter Horton Nat. Bk. Title & Trust Co., Portland Fitle & Trust Co., Portland Fwin Falls Bank & Trust Co. First Security Bank, Boise Nm. D. Comer, Seattle litle & Trust Co., Portland litle & Trust Co., Portland Jortland Trust & Sav. Bank Jat. Bank of Commerce, Seattle Am. Exchange Bank, Seattle first Seattle Dexter Horton Nat. Bk Wm. P. Harper & Sons, Seattle Spokane & Eastern Trust Co. First Savings Bk. & Tr. Co.. Colfax ’pokane & Eastern Trust Co. Ladd & Bush Tr. Co. Salem Title & Trust Co., Portland .daho Trust Co., Lewiston, Idaho Seattle Trust Co. First Seattle Dexter Horton Nat. Bk. Spokane & Eastern Trust Co. litle & Trust Co., Portland [oronto Gen. Trusts Corp., Vancouver J. 8. Nat. Bank, Portland Security Savings & Tr. Co., Portland seattle Trust Co. NV. D. Comer & Co. Seattle Jnion Trust Co., Walla Walla ‘Tnion Trust Co.. Walla Walla = 2 . SECTION XI. APPENDIX including Data Received Too Late To Classify. AMERICAN MEDICAL LIFE ASSOCIATES, INC. HOME OFFICE: Paulsen Medical & Dental Bldg. Spokane, Wash BRANCH OFFICES: Seattle, Wash. HISTORY: Incorporated under laws of Delaware, 1929. BUSINESS: Organized as a general holding company chartered for the purpose of organization, ownership, control and management of modern old line {egal reserve life insurance institutions, the control to be vested in prominent medical men and their business associates. SUBSIDIARIES: American Medical Life Company, incorporated in Washington, licensed Oct. 24, 1929, to issue life insurance policies. Has capital stock of $250,-000, all owned by the American Medical Life Associates. Similar company being organized in California. OFFICERS: Dr. Chas. R. Mowery, Pres.; Dr. S. E. Lambert, Med. Director; George Harding, Sec. & Treas.; Hon. Edward J. Cannon, Counsel; Philip Harding. Vice Pres. & Gen. Mgr.; Francis F. McGinnis, Agency Supervisor. DIRECTORS: Dr. Chas. R. Mowery, Dr. S. E. Lambert, Hon. Edward J. Cannon, George Harding, Philip Harding, Stanley A. Easton, all of Spokane, Wash CAPIFT 7° rr °C of May 31, 1930 *lue Authorized Outstanding 1. Preferential Com. Stc. 453,000 Shs. 33,000 Shs. 2. Founders’ Com. Stoc 50,000 Shs. 30.000 Shs. PREFERENTIAL Common Stock is preferred as to assets over Founders’ Common and is entitled to 8% dividends before any paid on Founders’ Common. Public Offering: Preferential Common offered bv the companv in 1930 at $15 per share. WASHINGTON INSTRANCE SECURITIES CORPORATION GENERAL OFFICE: Securities Bldg. Seattle, Wash. HISTORY: Incorporated under laws of Washington, June, 1929. BUSINESS: A holding company organized primarily to hold stock in insurance companies. Charter permits engaging in most any type of financial business. HOLDINGS: Washington Fire & Marine Ins. Co., Seattle: Stuart G. Thombpson-Elwell Co., Seattle, a general agency. DIRECTORS: E. W. Campbell, Pres. Puget Sound Savings & Loan Assn.; T. A. Davies, Pres. T. A. Davies .& Son; George E. Morford, Pres. F. W. Keen Co.; Chas. F. Clise, Pres. Securities Mortgage Co.; L. E. Titus, Pres. Olympia Motors, Olympia; John E. Burkheimer, Attorney, Burkheimer & Burkheimer; A .G. Pringle, Vice Pres. Baillargeon, Winslow & Co.; P. E. Sands, Pres. Sands Motors Co.; Perc S. Brown, Pres. Brown-Jeklin Co.; James O. Gallagher, Pres. Pacific Fruit & Produce Co.: S. L. Savidge, Pres. S. L. Savidge, Inc.; J. Arthur Younger, Vice Pres. Seattle Title Trust Co.; William O. McKay, Pres. William O. McKay Co.; Gaylord Adams, Pres. First National Bank, Hoquiam; Ralph H. Miller, Vice Pres. National Credit Co.: Stuart G. Thompson. Pres.; Phil G. Johnson. Pres. Roeing Airplane Co. ASSETS: On Dec. 31, 1929. company reported assets of $682.740. withont liahilitiee CAPITALIZATION, As of Dee. 21, 1929 Par Value Authorized Outstanding No Par 50,000 shs 34,137 shs June, 1929, at $20 per share. Yumber of Stockholders: 232. Common Stock ........... Cn eer emeenen Provisions: Fully paid and non-assessable, with full voting power. Public Offering by: The Combpanyv in THOMSON'S MANUAL UNITED NATIONAL: CORPORATION, Seattle, Wash. (For full description, see page 306) COMPARATIVE CONSOLIDATED EARNINGS, As of June 30 (Including Controlled and Affiliated Companies) Nel Income ..conmmsnmosmistoss » 5» emma -.---$1,653,914 Part. Pref, Shares Outstanding......... . ieee... 500,000 Common Shares Outstanding......................... a eeaan 32,261 Earned Per Share (Both Classes). ooeeanneo. J $3.11 COMPARATIVE BALANCE SHEET, As of June 30 1930 -ee-$1,157,624 271,259 1,b54,944 ASSET Cash .... . Notes and Accounts Receivable il Marketable Securities .......... een emmnnann Due from Controlled Companies....... Permanent Investments— Financial Division coe eee eee eeenes United Pacific Bond & Share... eee IRSUPANGe DIVISION comers esr er sh rr Ew United Pacific Realty & Inv. Corp. iimioeeieeeceeees Minority Interests ........ eeeeeemeeeeeeseeeeseceeseseesecees 3,203,356 7,670,626 2,195,829 2,716,067 852.035 Total Permanent Investments _..__.. Office Fixtures ooo. TOTAL ASSETS ...... ...316,637,814 eeeecemmeeaemonnan $3,327 ee a 819.624,968 LIABILITIES— Accounts Payable _... Income Tax Provision... Preference StoCK ooo oii Common Stock .oieeeece ov eemeneee Surplus ..... 5,688 reeemmeennnennnnee 17,541,128 Ce ee anne 702 282 245.1 ¢" $1,255,750 300,000 32,261 23.70 1929 $2,625,132 561,766 1.121.436 $5.629. 593 $9. 037.9217 9,041,128 798,862 97.937 TOTAL LIABILITIES oeiieeeceeeeee einen COMPARATIVE CONSOLIDATED BALANCE SHEET, As of June 30 ASSETS— 1930 1929 Cash and Call Loans. .....cooomeeeeeeeeeeeeeeeeaeeeeecemeeeemeeennn§. 1,698,622 4,124,875 Notes and Acounts Receivable. ...iieiiaeceeeeneeenee 2,493,634 3,146,609 Bonds and STOCKS oe ieee eeeeeeeeeeeeeeeeeeaeeeeenrnesnennsmnmeeammeeeene 9,070,564 11,332,727 Permanent Investments _.....oococcoeeoooceeimeremumreemanmercecermnssceemens 6,111,182 1,572,127 Investment in Controlled Companies in Excess of Paid-in Capital... eeaemm———-Furniture and Fixtures... eee emcees Unamortized Bond DiSCOUNt. oreo vaean TOTAL ASSETS coieeiimeeeeees LIABILITIES— Notes and Accounts Payable. oie Securities Sold for Future Delivery. ....oiiicerrenenns b-Year Notes (U.B. & S. COTD.) cemmeeemeeeeecmcemcacmmeccceecramneees Notes—United Diversified Securities CoO.ceerriiiiiiees Income Tax ProviSioN.. ieee eceeeeceeceee acre occcameneenans Preferred BUOCID ...... orcs isin im ee EE TREE Say oe COMIMNON STOCK eee eeeeeeeeeeceeemeeeeeseeeameenen rm asannnecemmasammeenen Minority Interests «oie ceeeereer cece cememeeammemmmnammeeneaen eer nmreemeraeennnnneeeera $26,058,767 4,369,658 437,448 368,200 190,655 .541,129 798,861 422,929 1,929,887 - wl TOTAL LIABILITIES _ ...._. CC .826.058,7617 $23,626,368 $ 6,567,078 795,748 453,050 149.000 9,041,128 798,861 4,572,720 1,248,782 $23.626,368 \PP"'N] BEST UNIVERSAL LOCK COMPANY GENERAL OFFICE: 1121 Post Street, Seatlle, Wash. HISTORY: Incorporated under laws of Washington, Sept. 14, 1923, to manufacture and distribute locks in the United States, under license from Frank E. Best, Inc., owners of patents on the Best Universal Locking System. (Frank E. Best, Inc, was originally organized under laws of Washington, Oct. 4, 1920, as the Best Lock Co.; name changed to Frank. E. Best, Inc, Oct. 15, 1921.) in 1928 the company transferred to the Best Lock Corporation (organized under laws of Delaware, April 19, 1928), its exclusive United States manufacturing and sales license on the Best Universal Locking System, receiving therefor one “companion share” of Best Lock Corporation common stock for every share otherwise sold or disposed of. On Jan. 1, 1929, company also transferred to the Best Lock Corporation, of Delaware, all its tangible assets at their appraised net value of $339,963, receiving therefor 33,996 shares of Best Lock Corporation stock. The latter corporation also assumed all the company’s liabilities. This transfer of assets left the company only a holding company, owning stock in the Best Lock Corporation, without liabilities except capitalization. However, the company continues the manufacture and sale of the Best Universal Locking System. as trustee for the Best Lock Corporation, of Delaware. BUSINESS: In its capacity as trustee for the Best Lock Corporation, of Delaware, company manufactures a diversified line of locks for commercial and domestic use, all based on the “One Key System’ idea originated by Frank E. Best in 1912 and patented in 1919, The underlying feature of the Best Lock is a removable, interchangeable core, permitting change of combination, without installing a complete new lock; also permitting operation of a series of locks by one master key, the individual locks, at the asme time, responding to individual keys. OFFICERS: Frank E. Best, President: C. L. Lorentzen, Vice-Pres.; J. M. Dean, QSecev.-Treas. CAPITALIZATION: I. 79% Cum. Preferred Stock...... 2. Class A Common Stock............ 3. Class B Common Stock............ Par Value $100 No Par No Par Authorized 20,000 shs 300,000 shs 200 000 shs Outstanding 86 shs 83,896 shs 300,000 shs Provisions: Preferred stock entitled to 7% annual cumulative dividends, pavable semi-annually, Jan. and July 1. After preferred dividends are paid, ("lass A stock is entitled to 80c per share, per annum, non-cumulative dividend; after which Class B is entitled to same amount; further distribution of earnings to be 50% to Class A and 50% to (Class B. Distribution: Class B—300,000 shares were issued to Frank E. Best, Inc, in rayment for exclusive license to manu-‘facture and sell Best Universal Locking System in the United States. Class A— 10,000 shares issued to Frank E. Best in lieu of salary for 5 years as president; 2,000 shares issued to A. S. Elford in lieu of salary for 1 vear as secretary. Remainder of the outstanding Class A shares were sold the public as follows: 39,705 27.014 Callable: Preferred stock is callable on any dividend date at $105. Voting Power: All stock has eaual voting power. Dividends: None paid. ’ Transfer Agent: The company shares shares shares shares shares ro $110.00 each. 15.00 each. 16.00 each. 220.00 each. 2292 R00 each La,119 QL 7 BALANCE SHEET BEST UNIVERSAL LOCK CO.. TRUSTEE, As of June 30, 1830 ASSETS LIABILITIFE. IAB eovecnrnnessonsmannusinsiemnminsnsnsmasmnmnsrnibbns’ Accts. Receivable Notes Receivable ..... INVeNtOTY eimai ae Other Current Asse enn 764 L475 ..3 7.831 1QQ Total Current Assets. .... 50,632 Plant Equipment ...................c........ 188.823 Due from Affiliated Cos............... 2,209 Development Expense __.._...__..._...... 2,325 Expense AcCCt. cccocees coeeiiincieeinneeeee. 18.204 TOTAL ASSETS oie. 532.193 Notes Payable ...... Accounts Payable _..__........._. Salaries. Commissions. Fic. 3.748 8,700 1.810 Total Current Liabi ‘4,258 Notes and Mortgages... RN 4,155 3est Lock Corp.ceeeananee. .. 17,084 Fax and Assessments ......... - 7,307 Due Parent CoO.coceeceeevvenncceeeenennnnnn. 360,787 Rarnings. 6 mo. to Jun 30. 1930... 68.602 TOTAL LIABILITIES ........... $53%2.193 180 THOMSON'S MANUAL BEST LOCK CORPORATION GENERAL OFFICE: 918 Orange Street, Wilmington, Delaware. BRANCH OFFICES: 1121 Post Street, Seattle, Wash. HISTORY: Incorporated under laws of Delaware, April 19, 1928, to acquire all the assets of and assume liabilities of the Best Universal Lock Co., a Washington corporation. BUSINESS: Holds patents on the Best Universal Locking System. Locks are manufactured under trusteeship by the Best Universal Lock Co. Seattle, Wash. Fiscal Year Ends: June 30. OFFICERS: Frank E. Best, President, Seattle, Wash.; C. C. McNutt, Trustee, Wilmington, Del.; Guy E. Stansel, Vice-Pres.,, Wilmington, Del. CAPITALIZATION: Authorized, 200,000 shares no par common stock. On June 30, 1929, 97,840 shares had been issued. Later reports unavailable, PACIFIC POWER & LIGHT CO., Portland, Ore. FIRST MORTGAGE AND PRIOR LIEN GOLD BONDS. 5% SERIES Authorized ..._....._......... ..........$17,000,000 pany, for 12 Sonsgoiive menihs wig < : . : : 15 months immediately preceding shall pied Aug. 1, 1930. Due: Aug 1,00 hoon cout yelont to either thre annual interest charges on, or o Interest Payable: Feb. and Aug. 1 »f aggregate of, all Bonds issued and at office or agency of the company in jutstanding under the Mortgage (in-New York. cluding those proposed to be issued) Trustee: Chemical Bank & Trust Co.. and all outstanding prior lien bonds. New York, Mortgage contains provisions permit Registerable: Coupon bonds in §1,000 ing modification or alteration of the denominations, registerable as to prin- Bonds or Mortgage or any instrument cipal. Fully registered bonds in inter- jpplemental thereto, with consent of changeable denominations of $1,000 and jo Company and by affirmatice vote of $5,000. Coupon bonds and fully regis- j;)gers of not less than 85% of outtered bonds, interchangeable. standing Bonds, provided that no such Callable: In whole or in part on 30 modification or alteration shall permit days’ notice at 105, up to and including axtension of maturity of any Bond or July 31, 1934; premium decreasing 4% reduction of interest thereon or any on each Aug. 1 thereafter, to and in- sther modification of payment of such clud Aug. 1, 1953; thereafter at 100. srincipal or interest without consent Provisions: Additional Bonds of one 0f the holder thereof or more series may be issued (a) for not exceeding 75% of cost or fair value, whichever is less, of property additions and/or property of subsidiary companies less the amount of any outstanding prior lien bonds secured by lien thereon; (b) for refunding an equal amount of Bonds of any series theretofore issued under the Mortgage; (c) for refunding or on account of deposit with the Trustee of an equal amount of prior lien bonds; and (d) against an equal amount of cash deposited with the Trustee. However, no additional Bonds may be issued, except for refunding purposes, unless net earnings of the Com- THOMSON'S MAN Moa oe SEATTLE STOCK EXCHANGE (Established in 1927) OFFICERS AND GOVERNORS March 1, 1930—February 28, 1931 HARRY S. GRANDE, President CHARLES G. MULLEN, Vice-President LAWRENCE M. ARNOLD, Treasurer SHERMAN ELLSWORTH, Secretary Perc S. BrowN BEN. B. EHRLICHMAN MANSEL P. GRIFFITHS J. F. LANSER J. F. McBURNEY STANLEY N. MINOR KeENELM WINSLOW, JR. J. G. RAKE, Executive Secretary Patrick W. TRUDELL, Assistant Secretary CHARLES T. DoNworTH, Counsel STANDING COMMITTEES ADMISSIONS FLLOOR TRADING Homer L. Boyd, Chairman Charles G. Mullen, Chairman F. J. Blanchett Perc S. Brown C. H. Eberting C. D. McConahy Stanley N. Minor Earl F. Townsend STOCK EXCHANGE INSTITUTE Advisory Council Churchill C. Peters, Chairman Malon S. Andrus Rudolph I. Ehrlichman Sherman Ellsworth Walter H. Tuesley ARBITRATION Dietrich Schmitz, Chairman R. M. Drumheller Thomas F. Gleed Mansel P. Griffiths B. B. Odom LISTING Lawrence M. Arnold. Chairman J. F. Lanser Stanley N. Minor Dietrich Schmitz Kenelm Winslow, Jr EXCHANGE DEVELOPMENT Ben B. Ehrlichman. Chairman Homer L. Boyd F. J. Blanchett Mansel P. Griffiths 7. G. Von Herberg BUSINESS CONDUCT J. F. McBurney, Chairman B. J. Fotheringham G. E. Ledbetter Col. Wm. T. Perkins E. A. Strout, Jr. CLLEARING HOUSE ~. F. Lanser, Chairman J. A. Kutz Harrv J. Markev PUBLIC RELATIONS Sherman Ellsworth, Chairman Burle D. Bramhall Merville W. McInnis Quinn Smith Kenelm Winslow, Jr NOMINATING Dietrich Schmitz, Chairman Paul C. Harper Arthur G. Latimer : Churchill C. Peters THOMSON'S MANUAL MEMBERS OF SEATTLE STOCK EXCHANGE Name of Member Firm Address Malon S. Andrus C. F. Childs & Co. Exchange Building Lawrence M. Arnold First Seattle Dexter Horton Securities Co. Second and Columbia John C. Blackford . Hoge Building Fred J. Blanchett Geo. H. Burr, Conrad & Broom Homer L. Boyd Marine National Co. Hector H. Bradburn McColl-Frontenac Co. Burle D. Bramhall Nat. Bank. of Commerce Ralph D. Brown Meiklejohn & Brown Perc S. Brown Brown-Jeklin Co. Gordon E. Burdick Messrs. Beaton & Co., Ltd. Stanley Burke Pemberton & Son Brig.-Gen. R. P. Clark R. P. Clark & Co. E. B. Crickmore Cartwright & Crickmore, R. M. Drumheller United Pacific Bond & Share Corp. F. K. Easter fF. K. Easter & Co. C. H. Eberting Eberting, Erwin & Co. Ben B. Ehrlichman Drumheller, Ehrlichman & White United Nat. Corp. Tucker, Hunter, Dulin&Co Eberting, Erwin & Co. H. J. Barneson Co. Metropolitan Nat. Bank North Pac. Finance Corp. First Seattle Dexter Horton Securities Co. Thos. B. Greening & Co. Blyth & Co. Wm. P. Harper & Son Hartman & Hartman Hartman & Hartman R. M. Hawkins Grain Co. G. A. Stimson & Co. First Seattle Dexter Horton Securities Co. John A. Kutz & Co. J. F. Lanser & Co. Fix & Latimer E. A. Pierce & Co. G. Lockett & Co. Ferris & Hardgrove Logan & Brvan 707 Second Avenue Second and Spring Winnipeg, Manitoba Nat. Bank of Comm. Blde 1321 Smith Tower Exchange Building Vancouver, B. C. Vancouver, . C. vancouver, > C Second and Columbia 117 Second Avenue Exchange Building Second and Columbia Second and Columbia Exchange Building Exchange Building San Francisco, Calif Fourth and Union 1520 First Avenue Second and Columbia Exchange Building [411 Fourth Avenue Hoge Building 306 Burke Building 306 Burke Building 502 Arctic Building West Vancouver. RB. C John A. Kutz J. F. Lanser Arthur G. Latimer G. Edward Ledbetter G. Lockett Jarry J. Markey J. F. McBurney C. D. McConahy Dr. R. H. McCutcheon Merville McInnis Stanley N. Minor Charles G. Mullen Walter J. Nicholls B. B. Odom Prescott Oakes ‘ J. A. Pease Col. Wm. T. Perkins Second and Columbia Exchange Building Exchange Building Dexter Horton Building 314 Union Street Railway Exchange Bldg. Hoge Building Exchange Building American Bank Building Vancouver, B. C. Hoge Building 1301 Fourth Avenue Exchange Building Spokane, Wash. 812 Second Avenue 509 Crary Building 822 Second Avenue E. H. Rollins & Sons Dean, Witter & Co. H. M. Herrin & Co. Walter J. Nicholls Co. B. B. Odom & Co. J. A. Pease & Co. Puget Mortgage Securities nc. Anderson & Fox Merchants’ Exchange H. P. Pratt & Co. John E. Price & Co. Jas. Richardson & Sons, Ltd. Joseph M. Riker Co., Inc. Pacific National Co. H. M. Herrin & Co. East Waterway Dock Co. The Quinn Smith Company Churchill C. Peters Roger D. Pinneo H. P. Pratt Andrew Price John B. Richardson 806 Third Avenue 901 Second Avenue TYxchange Building Joge Building Nat. Bk of Comm. Bldg Winnipeg, Manitoba Joseph M. Riker, Jr. Dietrich Schmitz Nicholas H. Seil R. M. Semmes Quinn Smith Frank J. Speckart Edwin A. Strout, Jr. A. C. Stubb Arthur J. Theis Earl F. Townsend Walter H. Tuesley J. G. Von Herberg J. Howard Wilkinson Dexter Horton Building ~eary Building Exchange Building 19 Arctic Building Jexter Horton Building L105 Cherry Street Leary Building Dexter Horton Building 311 American Bank Bldg Dexter Horton Building First and Columbia Liberty Theater Building Smith & Strout, Inc. A. B. Leach & Co., Inc. A. J. Theis & Co. Townsend & Co. Peoples First Ave. Bank Dominion Bond & Share, Ltd. Seattle Trust Co. Peirce, Fair & Co. Kenelm Winslow, Jr. Henrv A. Zilka Vancouver, B. C. Second and Columbia '906 Northern Life Tower STOCK EXCHANGE! “3 SECURITIES LISTED ON SEATTLE STOCK EXCHANGE 1928 1929 1930 to June 30 STOCKS High Low Sales High Low Sales High Low AP|Alaska Pac. Salmon, Com... .....i.......| 4,255] 23%) 20 | 77, 8 {| 8 CiCarnation C0. COM io corcisiosfosssranen] wwrsvsssrsrepsomsersne 58%] 8,948| 32% 30 haan Co., Pfd................ 07%(106 617(108%| 9914 392|105 [1013 CM|Centennial Mill Co., Pfd....... 31 150] 31 FO rcersionfsenssensslsvenresns EL|Elec, Prod. of Wash. Com. ww wed 3,273) 26%] 12%] i370 18 11% EXwr/Exchange Bldg. Warrants... co eeeomenn 440) 33% 2 30] 3%| 314 FR|First Realty COrp., Accor coo coe. 34,7491 14% | T34] BI 8 6 FMQ|Fisher Flour Mill, Pfd.......... 04%|101% 4871103 99 65/105 {103% FP|First Nat. Bank, Poruant.. wo. mas 90/305 (305 woe rmasns, newsman GA|Gen. Amer. Corp. Com... |i eeeeeheeic eee. 10,720] 63%) 6 ARterinay's, Common ooo ceecenfeeonenaaas 16,103 19 | 10 1,237] 14%] T% HRQ|Horluck's, Preferred ............ coool 8331 9 5 280! 6%| 5 JAN|Jantzen Knit. Mills, Com...... .. . 9,725! 51 47 M|/Marine Bancorporation _....... 60 | 5» 26,124] 35% 29 PA|Pac. Amer. Fisheries Com... 32 | 24 13) 26 17% PST|P. S. Nat. Bank, Tacoma........ ota 79/143 1140 PLQ|P. S. Pow & Lt. 69% Pfd....... 0F 93 | 2,3111100 98 RILQ|Richfield Oil 79% Pfd......... ¢ % 24% caremmaen mmmeeens XN|Rainier Pulp & Paper, a cemmmnenn 2714! 26 Q|Sherman Clay Co. 71% Pfd....! 0 i — »H|Shareholders Com oo... .....' . . aly 12%) 8 sHwr|Shareholders Warrants ........ o.oo. 9,011] 2% 1 “UPB Superior Port. Cement, Bo 45 31 $020 17%} 11% *INQ|United Nat, Corp. Pfd._........|ecooiii|ooaeeaeee 35,985] 42 27 P'United Pac. Cas. Ins. Units..{295 (285 92(330 (250 United Ins. Agency ..occceeeee..o. #9 23% 121, Jnion Oil of Calif. Com....... (0! 46 | 457% Van deKamp’s, COM o.oo ermiirefaanaaanans Washington Iron Wks Com. 103 105 | LWashington Title Ins Ajai feria] ceimieccececmcen freee BiWest Coast Bancorp A...... | 37 28 8 | 1071 20 ' 18y BONDS— AR|Arcade Bldg. Co. 6s "48..........] 99 1 95 [101,0001 9514 BN|Blethen Corp. 6%s "47............| ...... pA ann Bldg. 6%s "41. je COM|Community Hotel 7s AT 99 26 DEX |Dexter Horton Bldg. 6s '47..'.01 ¢ ELD|Eldridge Secur. Corp 6s "38..|100%]106 EX |Exchange Building 6s "48. ._......... EXB|Exchange Building 6%s "43. .. EXT | Exeter Company 6s '37.........., ¢° MD|Medical Dental Bldg. 6s '47|10.-_ MDB Medical Dental Bldg. 7s "42. | 991%, MET Metropolitan Bld. Co. 6s 371108 MTB Mt. Baker Building 6s '42___| 99 NOR|Northern Life Tower 5s '38| 99% OL|Olympic Hotel 6s '43..............]100 PAC|Pacific Coast Cement 6s "42 97% PSN|Puget Sound Nav, 6s ’38._....| ......... .._... PSLiPuget Sound P.&Lt. 6s 30..[101 | 99 PS|Puget Sound P.&Lt. 5%s '40|.......... ........ 3CH|Seattle Ch. of Com. 51%s '48|.......... ........ sE|Seattle Electric Co. 6s "39... joann sLT|Seattle Lighting Co. 6=...._.... :01 [100 &T|Seattle Times 61s '4§... A —— S8{i{Skinner Bldg. 6s................. “00 [100 "«H|Thomsen Clark Timb. 7s '. 101 991, S$/United Bd & Share Cp 6s A eeenen. 7IWn. Co-op. Egg&Plty 6s "31 cooi|oeeeeeees 3/Wash. Iron Works 6s Sy le j104 | “Ww VIiWash. Veneer Co. 6%s '36...1 991] 9914 Qk ¢ & . $1 CAL, $n 991, i 95% «Nn ¢ Jd * / i . 14 Haman 10.500 90 10.500] 9914 ..... 85B 1,600( 88 2000] 9915! 6.000/100 38.500] 993% 24,500) 95 3.000{ 98 32.000[101 3.500] 98 56.000/101% 85 991, 5A 93 9814 94 14 86 S7% 98 90 100% 98 96 1% 1) 997 97 14 351 95A 97 1% mvemcscc]ecasscccan 99 bid cece. 991% bid 1,000 99%) 9934 2 0001100 1060 THOMSON'S MANUAL SEATTLE CURB EXCHANGE ( Established Mav 11, 1928) OFFICERS 1930-19131 Cor. WM. T. PERKINS.....cecceeceeiecrarnnnnenn... President PERC S. BROWN......cccceereececeecennennce... Vice-President F. K. EASTER ccocoeocccccce iv eevee Treasurer W. F. BOARDMAN.....cccconiiaiiieneaeeeeee.c Secretary D. D. HARTMAN .......cccernvcnnenne Assistant Secretary R. D. PINNEO...ooeoooeoree Executive Secretary BOARD OF GOVERNORS F. K. Easter Lincoln Erwin, Jr Ralph D. Brown John A. Kutz WwW. F. Boardman Col. Wm. T. Perkins J. F. Lanser B. B. Odom C. C. Peters Perc S. Brown G. Edw. Ledbetter STANDING COMMITTEES Listing Committee W. F. Boardman, Chairman John A. Kutz Lincoln Erwin, Jr. Membership Committee - F. K. Easter, Chairman Perc S. Brown Arthur J. Theis Arbitration Committee R. M. Semmes, Chairman G. Edw. Ledbetter CC OC Peters Clearing House Committee J. F. Lanser, Chairman John A. Kutz Harry J. Markey Rules Committee B. B. Odom, Chairman Ralph D. Brown Gordon T. Shaw Auditing Committee Lincoln Erwin, Jr.,, Chairman Prescott Oakes oo Lowell A. Kuebler MEMBERS Name of Member Firm Name Address Allen, Albert A.........Pearson, Taft & Co................. ..........Hoge, Bldg., Seattle, Wash. Andrus, Malon S....C. F. Childs & Co.....cccoc.......... Exchange Bldg), Seattle, Wash. Avison, J. B..........Solloway, Mills & Co.............545 Granville St;, Vancouver, B. C. Bartels, Norman A.N. A. Bartels & Co.........................Exchange Bldg., Seattle, Wash. Bernstein, A. F......A. F. Bernstein & Co.........Dexter Horton Bldg., Seattle, Wash. Blackford, J. C.......J. C. Blackford........ccccceeeecccccceceeee...... Hoge Bldg., Seattle, Wash. Boardman, W. F...H. M. Herrin & Co.....................Exchange Bldg. Seattle, Wash. Boyd, Homer L......Marine National Co............... Natl. Bank of Com. Bldg. Seattle Bradburn, Hector H. McColl, Frontenac Co.................813 Henry Ave., Winnipeg, Man. Bramhall, Burle D..Natl. Bank of Commerce.......Second & Spring, Seattle, Wash. Branson, C.L. H..... Branson, Brown & Co................Central Bldg. Victoria, B. C. Brown, Ralph D...... Meiklejohn & Brown.....................Smith Tower, Seattle, Wash. Brown, Perc S......Brown-Jeklin Co....ccccceeeenno.......... Exchange Bldg., Seattle, Wash. Bryan, Benjamin B.Logan & Bryan........e................. Exchange Bldg., Seattle, Wash. Callison, Henry S...Callison Brothers............1411 Fourth Ave. Bldg., Seattle, Wash. Cassel, A. Park... First Seattle Dexter Horton Nat. Bk....2nd & Cherry, Seattle Cooper, Cornelius....Savage, Johnson & Cooper........601 Second Ave. Seattle, Wash. STOY ~ Ty y A .% Crickmore, E. B.....Cartwright, Crickmore&Co.....771 Dunsmuir St., Vancouver,B.C. Davis, Lane M.......Geo. H. Burr, Conrad & Broom, Inc.......707 2nd Ave, Seattle Drain, J. E..c.............J. E. Drain & Co.......cceceoceocoee......Central Bldg, Seattle, Wash. Drumheller, R. M.... United National Corp............Second & Columbia, Seattle, Wash. Easter, F. K..........F. K. Easter & Co.................T17 Second Ave. Seattle, Wash. Eberting, C. H.......Eberting, Erwin & Co.............Exchange Bldg, Seattle, Wash. Ehrlichman, B. B..Drumbheller, Ehrlichman & White....._.2nd & Columbia, Seattle Ehrlichman, R. I....Murphey-Favre & Co..............Sherwood Bldg. Spokane, Wash. Ellsworth, A. S.......Tucker, Hunter, Dulin & Co....Exchange Bldg. Seattle, Wash. Erwin, Lincoln, Jr..Eberting, Erwin & Co............Exchange Bldg. Seattle, Wash. Goodwin, E. C.........E. Crawford Goodwin Co........1411 Fourth Ave., Seattle, Wash. Gottstein, Joseph ...North Pacific Finance Co.......Exchange Bldg. Seattle, Wash. Grande, H. S.......... First Seattle Dexter Horton Sec. Co....2nd & Columbia, Seattle Greening, Thos. B... Thos. B. Greening & Co.......Exchange Bldg., Seattle, Wash. Griffith, Mansel P._ Blythe & Co.....................1411 Fourth Ave. Bldg. Seattle, Wash. Hartman, D. D....... Hartman & Hartman. ............ Burke Bldg. Seattle, Wash. Hartman, J. P......... Hartman & Hartman.................. Burke Bldg. Seattle, Wash. Hawkins, R. M.....__R. M. Hawkins & Co..................... Exchange Bldg., Seattle, Wash. Johnston, F. G.......G. A. Stimson & Co., Ltd...........801 Hastings St., Vancouver,B.C. Kuebler, Lowell A. First Seattle Dexter Horton Sec. Co.....2nd & Columbia, Seattle Kutz, John A.........John A. Kutz & Co..................Exchange Bldg. Seattle, Wash, l.amb, R. B.............Stobie, Forlong & CO..cccccovveccee = +. veeemeeeenee. Vancouver, B.C lLanser, Jos. F....... Jos. F. Lanser & Co...................Exchange Bldg. Seattle, Wash. Latimer, Arthur G.. Fix & Latimer..................Dexter Horton Bldg. Seattle, Wash. Lawton, Harry R....Peirce, Fair & Co...............Northern Life Tower, Seattle, Wash. Ledbetter, G. Edw...E. A. Pierce & CO.cccoceeeeeeeenennnnnnne......314 Union St, Seattle, Wash. Lockett, G. ................G. Lockett & Co...................Railway Exch. Bldg. Seattle, Wash. Lustig, Barney B....1136 21st Ave. North....._..... © eeeeeeeeen..Seattle, Wash. Markey, Harry J... Ferris & Hardgrove...........cccccceueeene........ Hoge Bldg., Seattle, Wash. McConahy, C. D........C. D. McConahy....................American Bank Bldg., Seattle, Wash. McCutcheon, Dr. R.1932 McNichol Ave. .....iiiceeeceecceeeieeececeneeeneee. Vancouver, B.C. MacDonald, Alex .._ Seattle Stock & Mining Syn....208 Columbia St., Seattle, Wash. McInnis, Merville WE. H. Rollins & Son......ccc.ccccceoceee...........Hoge Bldg., Seattle, Wash. Miller, S. W...............Miller-Court & Co., Inc...Stock Exchange Bldg., Vancouver, B.C. Minor, Stanley N....Dean Witter & Co.......................1301 Fourth Ave. Seattle, Wash. Mullen, Chas. G.....H. M. Herrin & Co..cccc................... Exchange Bldg., Seattle, Wash. Nicholls, Walter J... Walter J. Nicholls & Co............Stand. Stock Ex. Bldg.,Spokane Oakes, Prescott ......._ Prescott Oakes........... cerreeeneeneaD09 Crary Bldg. Seattle, Wash. Odom, B. B...........B. B. Odom & CoO..ccccceeeeeeee......812 Second Ave. Seattle, Wash. Pease, J. A..........Pease Grain Co...................Dexter Horton Bldg. Seattle, Wash. Perkins, Col. W. T.Puget Mortgage Securities, Inc....806 Third Ave. Seattle, Wash. Peters, C. C............. Anderson & Fox... v......901 Second Ave, Seattle, Wash. Pinneo, Roger D....Merchants Exchange................ Exchange Bldg., Seattle, Wash. Price, Andrew .._._...Jno. E. Price & Co.......Nat. Bk. of Com. Bldg., Seattle, Wash. Pringle, A. G.......... The Seattle Co...ceoececooce......Second & Columbia, Seattle, Wash. Prescott, D. Clinton. H. P. Pratt & CO.ceeeveeeernccceeececeeennnno.... Hoge Bldg., Seattle, Wash. Randall, S. W.........S. W. Randall & Co., Ltd..........545 Georgia St.,Vancouver, B. C. Rawn, Wm. L........ Wm. L. Rawn & Co. Inc...................Alaska Bldg. Seattle, Wash. Riker, Jos. M.............Jos. M. Riker, Inc............. Dexter Horton Bldg., Seattle, Wash. Schombel, Henry L..Schombel & Co., Inc.......ccccceeeuuuuueeee....Smith Tower, Seattle, Wash. Semmes, R. M.......... East Waterway Dock & Whse. Co...Arctic Bldg., Seattle, Wash. Shaw, Gordon T......Gordon T. Shaw CoO..cccccceeceeeeeeneeeee.. Arctic Bldg, Seattle, Wash. Smith, Hedley M...._R. Gellatly & CoO..cccccceeeeeerecncen.....855 Pender St, Vancouver, B. C. Speckert, F. J.........F. J. Speckert..ceucccerecceeveaenen....105 Cherry St., Seattle, Wash. Theis, Arthur J......._A. J. Theis & Co...cc............American Bank Bldg. Seattle, Wash. Tidball, Ben W......._. Pacific National Bank......... Madison & Second, Seattle, Wash. Tonkin, Wm. R....... National Brokerage Co...............Exchange Bldg. Seattle, Wash. Townsend, Earl F.. Townsend & Co...................Dexter Horton Bldg. Seattle, Wash. Tremaine, H. G......._Buckley-Tremaine Lbr. Co..........Skinner Bldg. Seattle, Wash. Tuesley, Walter H.. Peoples Securities Co......................801 First Ave., Seattle, Wash, Wachtin, Geo. V.......Geo. V. Wachtin......cccceeceueeen.......McDowall Bldg. Seattle, Wash. Webb. J. Watson. Jno. A. Kutz & Co. Exchange Blde.. Seattle. Wash. :8€ THOMSON'S MANUAL SECURITIES LISTED ON SEATTLE CURB EXCHANGE Mining— Name of Stock: Alaska JUNEAU ceceoceiiiiiees eee AIMBOT ETI .cnommivermmmmiis iiss saa semis saves Big Missouri aos Buffalo Gol@ aeeeoeeee eee Bunker Hill & Sullivan.......................... Call. Zinc Lead......occoomnemmiimiiiiiieiiaeeanne. DAY OCK eee eee eee Exeter Oil A ooo Fulton Petroleum ................................... GOlCONAR eee Grandview ooo HECIA oe a . Jack Waite ........... ee LOOKOULt eee cit een, Los. ANg.-VancC. ein MoRLanh MIMSY coonmimerissamsitn, Sarees sera tests Noble Five .... Oregon CoOPPer iia. Planet Mines oes Premier eee BUNSRING cece pss ssssimmsaissesss simran sien susnn Sherman Lead ooo iiaeaannes Tamarack & Custer-.......ooooooooooooeeo, Par Value 10.00 .10 1.00 1.00 10.00 10.00 10 1.00 1.06 1.00 .50 .25 1.00 .25 1.00 1.00 50 50 -.00 .00 10 .25 1.00 1929 1930 to July 25 High Low High Low ———- ——- 091% 07 2.25 .45 .90 .33 ee 1.00 07% .65 £100 $62 ———- —— 2.40 1.45 2.08 1.81 2.32 1.15 15.40 3.5¢ 4.00 6.25 1.31 .6F 901% .b5 41 12 161% 04% 21.00 21.00 12.50 9.50 231 07 14 .05 .20 05Y 041 01 2.35 .75 1.05 05 f .06 B50 283 35 .12 06% 09Y A2Y .08 .35 59 .19 1.50 1.60 .85 1.50 4.10 1.50 361 .81 70 40 bt .30 Industrial s— Par } Value Alaska Pacific Sal. Pld... eee No ATK, Nat. Gas, A eee eee eee emma ammamnen No Assoc. Gas & Electric, A oi eee ann No Caterpillar Tractor .. Sandia Bhim No Cent. Pub. Serv. COMIN. o.oo eman No Cities Service COMM. correo eeeeeeeeeeeeeneeeeeeeaeneaneeneneneen 20.00 Claude Neon Dela. .......... vn crm ——— ern si. No Diversified Trust Shares... eee No First Seattle D. Horton.......cooooooooiiiiieiiieiiceeeieeeeeeeieeeeeenneee. 20.00 PolA MOIOTE LAR covummmiceonrusson in. Summ suisse sei Eos is ei 4.87 Forrest BE. Gill Ore. eee eeeeeeeceeeae emcee enmeeees 1.00 Goldman Sachs ..ccoooeeeeencnnenee No Iron FUT@IMAIL oo ieeeeeen eee taeeeeeeeemmeea eee e naam ena sessnmaannnns No New World Life. eceeeeeeeeieiieeeeeceeeeeeeenmceeeseneeennsmenmneeesnensnneens 10.00 North Amer. Trust Shares.......ocooiieeiit eee, No Pacific National BanK...oooooieoeeeeeeeeeeeeeeeeeeeeeeeaeeneneennneee. £00.00 POPES COT DP. eee eee ee ceaee meets teense esse ane nme am mann amann No Prince Whitely ..oooaameeeeeo. ee eee een eran aameanaan No Smith Cannery Mach............ OO , 1.00 Super. Port. Cem., A. eee enna eeeaen No Standard Oil Trust Shares... eee eeeeiees No Super. Serv. Laund. oot eee neannee No TranSAMEriCa coe eeeeeeeeeeeeee eee eevee em eeeeeeeremeeennee No URITEA AATOPATL civiiniiiomciviiiimmmbanmmtnn mshi itt daisies saa came No United Founders ..oocoeeemeicemeeannne vo. No Trustee Stand. Oil SHS... ooo eeeeeeeeeeeeeeeeeenennnas No Wash, Water Power Pr... eeeeeeeeeeeeeeeeeeeaeeeeeeeneameeeeaeeneeeeae. 100.00 1930 to June 30 High Low 35 25 1654 81% 4614 30% 19% 54 125 28, 141, 241 441, 30% 26% 19 91 73 197% 10% .50 45 463, 18 26 21 14 121% 10 81% 270 255 90 75 155 814 11% 134 42, 35 11 5 121 5 47% . 281% 99 43% 44 17% 47% 28% 10014 97 STOCK EXCHANGES PORTLAND STOCK and BOND EXCHANGE Portland, Oregon ( Established 1929) OFFICERS, 1930 WiLLis K. CLARK, President CoLIN LIVINGSTONE, Vice-President WM. H. HEMPHILL, Treasurer FRED BERGESCH, Secretary MEMBERS Name of Member Willis K. Clark Colin Livingstone wm. H. Hemphill Henry G. Reed Anthony Brandenthaler Preston Holt Paul Campbell Edgar M. Adams Geo. K. Wentworth, Jr. A. D. Wakeman Marshall S. Wright Scott Redfield R. H. Atkinson Roy A. Johnson Eric T. Pratt F. M. Blankenship Hugh B. McGuire Victor A. Johnson Brooks D. Weber Ernest R. Hood Glenn 8S. Francis G. Walter Gates John Lewis Richard H. Martin EF. J. Schmitt Firm G. H. Burr, Conrad&Broom§86 Sixth St. Blyth & Co. Pacific Bldg. Sorpmanwealth Securities TU. S. Bank Bldg. 0. Tucker, Hunter, Dulin&Co. U. S. Bank Bldg. Federal Securities Co. American Bank Bldg E. H. Rollins & Sons U. S. Bank Bldg. Peirce, Fair & Co. U. S. Bank Bldg. United Oregon Co. American Bank Bldg Wentworth & Dickey, Inc. Lumbermen’s Bldg. A. D. Wakeman Company UU. S. Bank Bldg. Marshall Wright & Co. Pacific Bldg. Redfield & Wood U. S. Bank Bldg. Atkinson. Jones & Co. Inc. 37 Sixth St. J. S. Bank Bldg. Porter Bldg. American Bank Bldg [7. 8S. Bank Bldg. 328 Stark St. 320 Stark St. 92 Fourth St 285 Stark St. U. 8. Bank 3.1% Porter Bldg 307 Stark S IT SS Rank Address Dean Witter & Co. Blankenship, Gould, Keeler Hugh B. McGuire & Co. E. A. Pierce & Co. H. J. Barneson & Co. Hood Bros. Glenn S. Francis Co. Townsend & Co. Eberting, Erwin & Co. Freeman, Smith & Camp * FF. Childs & Co. YOURITIES LISTED STOCK— Columbia River Packers, Comm.. Columbia River Paper Mills, 89% Pf (Gilmore, Forrest E., Comm... Jantzen Knitting Mills, Comm.... Northwestern Electric, First ' . @ Pacific Power & Light, First »* «. ee es Pac. N. W. Public Service, Comm.............o.oooeioe. Pac. N. W. Public Service Prior > ~ ... Pac. N. W. Public Service $7.20 Pfa.. - Portland Gas & Coke, Pfd.......... . — St. Helens Pulp & Paper, Comm. ...cooooeieniannn -. West Coast Bancorporation, Comm _.__.....____.... _.. West Coast Telephone, Pfd... ans igh ( > 1001 100 ng-20 1929 Low “90 ca Xi I 1930 to June 30 High Low a 95 43 40 02 03 0815 981, 0532 Fed RONDS— Columbia River Packers, 7s 30-39 Keller Boyd Bldg, 1st 68 30-45... corinne Multnomah Ath. Club 6s 46....... eens Northwestern Electric 68 #5. ccveeeeee . Oregon Electric RY. 58 33. ieee om aa Pacific Power & Light 53 30. ee Pittock Block 68 35-45 ieee cecieceeeas Portland Electric Power 1st 68 47. cceeiiiiiiiin ies Portland Gas & Coke 1st 58 40...cceiiiiniiinnncnnn. Portland Railway 1st 58 30... eee ceveieeeens eeen 8t. Helens Pulp & Paper 61 e« 4° .-Vx 14 39 Su, 30 96 09 1 2 Rr I 35. oC 2 99 101 i4 96 90 101% 83 100 90 c=99 97 4 101 SEATTLE PRINTING & afin in PUBLISHING CO., INC Ki y ba 206$08246785 | nN m NDUSTRIALS GENERAL PAINT CORPORATION GENERAL OFFICE: 160 Fremont St, San Francisco, Calif. BRANCH OFFICES: Seattle, Spokane, Portland, Los Angeles, Oakland, Houston, Tulsa, Honolulu, New York. HISTORY: Organized under the laws of the State of Nevada on Oct. 3, 1928, at which time there were merged the business and assets of the following companies: Bradley-Wise Paint Co., Brininstool Paint Co., California Paint Co., Hill. Hubbell & Co., Jones & Dillingham Co., Magner Bros. Paint Co., Rasmussen & Co., Seattle Paint Co., Technical Oil & Paint Co. Corporation also acquired the oS. Finch Chemical Corp. of Los Angeles, manufacturer of lacquers. BUSINESS: Corporation owns and operates paint manufacturing plants in San Francisco, Los Angeles, Seattle, Portland, Spokane and Tulsa and pipe coating plants in Milwaukee, Wis.; Indiana Harbor, Ind.; Youngstown, Ohio; Lorain, Ohio, and Ambridge, Penn. Operates either directly or through subsidiaries in all Pacific Coast states, throughout the Middle West and on the Atlantic Coast. In the pipe coating plants, machinery has been installed for coating and wrapping pipe, the patents for which are controlled or owned by the corporation. OFFICERS: E. A. Bradley, Pres.; D. W. Boylan, Vice Pres. and Treas.; 8S. C. Rasmussen, Vice Pres. in charge of northern division; C. H. Jones, Vice Pres. in charge of Inland Empire division; O. 8S. Orrick, Vice Pres. in charge of export sales; M. S. Orrick, Sec'y. DIRECTORS: H. M. Bateman, D. M. Boylan, D. W. Boylan, E. A. Bradley, F. M. Brininstool, W. Ferem, L. Hubbard, C. G. Johnson, C. H. Jones, H. L. Jones, L. B. Mackey, M. 8. Orrick, O. 8S. Orrick, J. P. Rasmussen, S. C. Rasmussen, J. H. Schinneller. GENERAL AUDITORS: Haskins & Sells, San Francisco, Calif. Fiseal Year Ends: Dec. 31. Annual Meeting: 1st day of Nov. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding I. Class A Stock....... wueee..NO Par 200,000 shs 80,000 shs 2. Class B StocK.coeeeeeeceieiccceeeeee.....No Par *600,000 shs 173,242 shs *200,000 shares reserved for conversion of Class A stock and 50.000 shares for sale to emplovees. Provisions: Preferred as to cumulalive dividends of $2 per annum and as ro assets in event of liquidation to exent of $33 per share. Rights: Carries preferential right to :ubscribe to any additional A stock ‘hat mav be issued. but not to B stock. . CLASS A STOCK times annual dividend requirement on 111 A stock then outstanding and also »n additional A stock intended to be issued. These restrictions may be elimnated or modified by written consent f holders of at least 759% of A stock ‘hen issued and outstanding. Callable: At any time as a whole or a part on at least 60 days’ notice, at ‘33 per share plus accrued dividends. Convertible: Into B stock, share for hare, at any time, at option of holder, o within 10 days of redemption date. Voting Power: Equal with B stock. f, at date of annual meeting, {+ quar-.erly dividends are in arrears, A stock shall be entitled to elect majority of lirectors, so long as default continues. Dividends: 50c paid quarterly, Jan. vpr., July, Oct. 1, from and including ‘an. 1, 1929, to and including April 1, 930. Dividend of July, 1, 1930, de-‘erred. Ex-Dividend Date: Set by directors, 10t more than 15 davs prior to payment late. Transfer Agent: Crocker First Fedral Trust Co., San Francisco, Calif. Registrar: Wells Fargo Bank & Un-»n Trust Co.,, San Francisco, Calif. Legal Opinion by: Orrick, Palmer & Yahlquist, San Francisco. Public Offering by: E. H. Rollins & ions, Oct. 8, 1928, at $30. Number of Stockholders: 794. Listed on: San Francisco and Los ingeles Stock Exchanges. Price Range: 1930 to June 1, high, ’2; low, 17; 1929, high, 385%: low. 20. Protective Features: Articles of incorporation prohibit corporation from declaring dividends on B stock which will reduce net assets, exclusive of in-.angible assets, below $40 for each share of A stock, or reduce the amount of current assets to less than 200% of current liabilities. The articles of incorporation further prohibit, so long as any A stock is outstanding, (a) incurrence of any indebtedness maturing later than one year after its incurrence, except purchase money obligations; (b) issuance of any stock which shall rank ahead of A stock; (c) declaration of any stock dividends on B stock; (d) the issuance of more than the 160,000 shares of present authorized B stock for any consideration per share less than the book value per share of the then outstanding B stock; (e) the issuance of any A stock over and above the 80,000 shares heretofore mentioned, excepting in connection with the acquisition of additional tangible assets, and then only one share of A stock may be issued for each $40 of net tangible assets to be acquired, and only when the profit available for dividends (including that from properties to be acquired) for 12 consecutive months out of preceding 15 shall have been not less than three Ap ’s 1 i : {s i ts [ PN. O an <C fr 0 £ no + 0 OQ < To m0 o «=0 oN oD Nn oO nN Oo = 1 41 3 ur os m - t— O hl — © QD ~J 0 TT 0 MN 2 N 2a) N "Y 5 r