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.
