Thomson's manual of Pacific Northwest finance

Bibliographic data

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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section VII. Finance

Collection:: Economics Books

~ 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 ad- vance Spokane bank $4,495,930 to carry lands taken under foreclosures, accepting participation certificates therefor. On March 31, 1930, total certificates still out- standing 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 cap- ital; increased to $99,000 in 1929.. BUSINESS: Dealers in commercial paper trade acceptances. notes and condi- tional 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 divi- dends and assets in case of liquida- tion. Participates fully with common stock in all earnings. Voting Power: Non-voting unless divi- dends 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.

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