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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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section VII. Finance

Collection:: Economics Books

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 issu- ance 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—Provid- time of purchase. Interest coupons at- ing for payment of principal and ac- jacked, 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 an- payment of both principal and interest nual, semi-annual, quarterly or month- in equal annual, semi-annual, quarter- y installments over 10-year period. ly or monthly installments over a spec- Installments, with interest, accumulat- ified term of years. ng to face amount at maturity. SECURITY: All issues participate pro rata in trust fund deposited with Port- land 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 cor- porations 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. Fair- hurst, 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.

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