Thomson's manual of Pacific Northwest finance

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Monograph

Identifikator:: 1838857176

URN:: urn:nbn:de:zbw-retromon-229226

Document type:: Monograph

Title:: Thomson's manual of Pacific Northwest finance

Place of publication:: Seattle

Publisher:: Thomson's Statistical Service

Year of publication:: 1930

Scope:: XXX, 487 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Section VII. Finance

Collection:: Economics Books

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 Na- tional 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 pre- tive dividends up to 8% per annum, per ferred stock since first issued. No divi- share, 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

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