2
THOMSON'S MANUAL
INVESTORS' HOLDING CORPORATION
GENERAL OFFICE: 1414 Fourth Ave. Seattle, Wash.
HISTORY: Incorporated under laws of Washington in 1929, to acquire all Com-
mon stock of the mortgage investment firm of W. D, Comer & Co.
BUSINESS: A holding company, operating through subsidiaries.
OFFICERS AND DIRECTORS: W. D. Comer, Pres.; F. F. Powell, Vice Pres. and
Secy.; H. F. Dundas, Treas.
GENERAL COUNSEL: Warren H. Lewis, Seattle, Wash.
Fiscal Year Ends: Dec. 31. Annual Meeting: January.
CAPITALIZATION, As of Dec. 31, 1929
Par Value Authorized
vierecemeemee. NO Par 490,000 shs
No Par 10.000 shs
1. Class A Stock...
2. Class B Stock...
1. CI,ASS
Provisions: Non-callable, non-assess-
able and entitled to receive preferen-
tial, non-cumulative dividends up to
}1 per share per annum, after which
Class B stock receives up to, but not
sxceeding, 20% of preferential and
specified dividends. Further dividends,
f any, distributed 809% to Class A and
20% to Class B. In liquidation, Class
A has priority up to $20, after which
Olass B is entitled to 209% of amount
received by both classes. Thereafter,
assets divided 809% to Class A and 20%
to Class B.
A STOCK
Voting Power: Class A has no vote
axcept in event no dividends are paid
for two years.
Dividends: Payable semi-annually,
fan. and July 1. Initial semi-annual
iividend 50c per share paid Jan. .1,
1930.
Legal Opinion by: Warren H. Lewis,
Seattle, Wash.
Public Offering by: W. D. Comer &
Jo., in 1929, at $14.29 per share, or 7
shares for $100.
MARINE BANCORPORATION
GENERAL OFFICE: 1100 Second Ave. Seattle, Wash.
HISTORY; Incorporated under laws of Washington Sept. 10, 1927, as a holding
company, sponsored by the late John E. Price, Andrew Price and associates, to
acquire, through exchange of stock, control of three Seattle banks, known as
the “Marine group” and controlled by the Price associates, as follows: Marine
National Bank, Marine Central Bank, Marine State Bank.
Shares were offered to the public and taken readily, followed, within 9
months, by acquisition of 5 additional banks in the state of Washington, as
follows: Capital National Bank, Olympia, Feb., 1928; Grays Harbor National Bank,
Aberdeen, Mar. 14, 1928; National City Bank, Seattle; National Bank of Commerce,
Seattle, April, 1928; First National Bank, Cosmopolis.
The Montesano State Bank was acquired in August, 1929; First National
Bank of Mount Vernon, Sept., 1929; LaConner State Bank, Oct. 1, 1929.
CONSOLIDATIONS: In June, 1928, the Marine National Bank was consolidated
with the National Bank of Commerce. Feb. 1, 1929, the National City Bank
was also merged with the National Bank of Commerce, thus forming one bank
of more than $35.000.000 resources in downtown Seattle.
NAMES CHANGED: In June, 1930, the Marine Central Bank and the Marine
State Bank were nationalized and names changed, respectively, to Central
National Bank of Commerce (located at Westlake and Olive, in uptown Seattle)
and Washington National Bank of Commerce (located at E. 45th St. and Univer-
sity Way, in the University District).
SUBSIDIARIES: Company owns entire common stock of the Marine National
Company, an investment organization which distributes, underwrites and partici-
pates in syndicates of, securities. Total resources more than $2.000.000
King County Building Co., resources $130,000.
DFFICERS: Andrew Price, Pres.; Homer L. Boyd, Vice Pres. & Treas; Ira W.
Bedle, Vice Pres.; Bruce C. Shorts, Vice Pres. & Secy.; Burle D. Bramhall, Vice
Pres.: C. E. McDowell. Vice Pres.: Merle Johnson, Asst. Secy.; L. BE. Younger,
Zhief Auditor,
DIRECTORS: Manson F. Backus, Edward K. Bishop, Homer L. Boyd, U. M.
Dickey, W. H. France, N. B. Hannay, E. H. Hatch, Wylie Hemphill, C. J. Lord,
J. W. Maxwell, Ralph H. Miller. Blake D. Mills. Andrew Price. Bruce C. Shorts,
>. W. Stimson.
SOUTHWESTERN ADVISORY COMMITTEE: C. J. Lord. Chairman, Olvmpia:
W. H. France, Montesano; W. H. Tucker, Aberdeen.
GENERAL COUNSEL: Shorts & Denney, Seattle, Wash.
GENERAL AUDITORS: Haskens & Sells, Seattle, Wash.
Fiscal Year Ends: Dec. 31. Annual Meeting: First Mondav in January.