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

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section VII. Finance

Collection:: Economics Books

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. Wake- field, Vice Pres.; Lyle C. Sholes, Vice Pres.; R. C. Lilly, Vice Pres.; A. McC. Wash- urn, 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 bal- ance 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 prefer- ential cumulative dividend and partici- pates share for share in further divi- dends 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 superi- or rights to Class A stock may be is- sued without 3% vote of Class A stock- A STOCK holders, except indebtedness maturing in 12 months secured by pledged col- lateral. 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

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