IN ANC
ELDRIDGE SECURITIES CORPORATION
GENERAL OFFICE: 802 E. Pike St., Seattle, Wash,
HISTORY: Incorporated under laws of Washington in 1920.
BUSINESS: Specialized financing — the purchase of receivables originating
through the distribution of automobiles sold on the installment payment plan.
OFFICERS: A. S. Eldridge, Pres.; F. J. Cook, Treas.; W. E. Eldridge, Secy.:
R. M. Lindsey, Mgr.; F. J. Fenton, Vice-Pres.
DIRECTORS: A. S, Eldridge, F. J. Cook, J. G. Fenton, G. A. Purdy, Corwin S.
Shank, all of Seattle, Wash.
GENERAL COUNSEL: Shank Belt Fairbrook & Rode, Seattle, Wash.
GENERAL AUDITORS: S. F. Racine & Co., Seattle, Wash.
Fiscal Year Ends: Dec. 31st. Annual Meeting: May 8th.
CAPYFR+~ V7 ATPION, As of Dec. 31, 1929
“r Value Authorized
* 50 $5,000,000
2100 $ 500,000
«uv Par 250,000 Shs.
1. Class A 7% Pref. Stoc..
2. Employees Pref. Stock...
3. Common Stock
1. CLA 3 A ‘9% PREFERRED STOCK
Provisions: Preferred as wo dividends since originally issued.
and as to assets in case of liquidation. Transfer Agent: Metropolitan Na-Fully
paid and non-assessable. tional Bank.
Callable: Non-callable. Registrar: First Seattle Dexter Hor-Voting
Power: None. ton National Bank.
Tax Status: Company pays 2% nor- Public Offering: 5000 shares by First
mal income tax. Seattle Dexter Horton Securities Co.,
Dividends: 79% paid semi-annually. June, 1929, at Par.
Tune 30 and Dec. 31. on all outstanding Listed on: Seattle Stock Exchange.
2. EMPLOYEES 7% CUMULATIVE PREFERRED STOCK
Provisions: Cumulative as to 7% Tax Status: Company pays normal
dividends and participates with com- income tax up to 2%.
mon stock. After 7% paid on common Dividends: 109% per annum, payable
stock in any one year, additional divi- semi-annually June 30 and Dec. 31, paid
dends shall be distributed on basis 34 on all outstanding since originally isto
employees stock and 2 to common, sued.
provided employees shall receive no Transfer Agent: Metropolitan Namore
than 10% in any one year. tional Bank, Seattle, Wash.
Callable: At 110 on any dividend pay- Registrar: First Seattle Dexter Horing
period. - tn Nat. Bank, Seattle, Wash.
Voting Power: None. Date Offered: 1921: Price: $100.
3. COMMON STOCK
Provisions: Has full voting power. Publie Offering by: First Seattle
Dividends: Paid regularly June 30 Dexter Horton Securities Co. During
and Dec. 31. January, 1930, only, at $9.00, to all pur-Transfer
Agent: The Company. chasers of Class “A” 79% Preferred—
Number of Stockholders: 25 one share with each share of preferred.
EARNINGS
Year
1924 _.....
1925 .. mee
L928 iiivitiiinmmaneon ne eomeremrsnsensse— tn
LO eee
19: .._...
1929
Operating Exp. Res
Gross Income Ts» a" Misc.
82,620 ° 8
70,981 :
2 804
15,497
111,221
200 701
Net Int.
and Div.
T 40,422
£7,749
© +,755
t.. "00
87,.76
05 524
FUNDED DEBT, As of Dec. 31, 1929
Guaranteed Convertible Rate Dated Due
Gold Debentures ....... __........ 6% 4-15-28 4-15-38
Interest Payable: Apr. and Oct. 15th,
by trustee.
Trustee and Registrar: Metropolitan
Nat. Bank, Seattle, Wash.
Callable: As whole or in part on 30
days’ notice, April 15, 1929, to April 15,
1931, at 103; thereafter to April 15,
1933, at 102; thereafter to April 15,
1937, at 101; thereafter at 100.
Convertible: Into Employees 7% Preferred
Stock on any interest date, on
basis 10 shares of stock for each $1000
debenture.
Sinking Fund: Trust Indenture provides
$25,000 per annum be reserved
semi-annually, beginning Oct. 1, 1928,
to purchase debentures, if obtainable,
at or below 100%, unexpended balances
at end of each six months to be avail-Author.
Outstdg.
$250,000 $250,000
able for corporate purposes.
Security: Debentures unconditionally
guaranteed, principal and interest, by
A. S. Eldridge, Pres. of the Eldridge
Buick Co. and Eldridge Securities Corp.
Company will not hypethecate any assets
nor mortgage any property withrut
first securing these debentures
‘atable therewith. Company agrees not
.0 create any indebtedness which will
nake its total aggregate borrowings
n excess of four times its total net
‘apital worth.
Legal Opinion by: Howe & Graham,
‘or the bankers; Shank & Bell & Fairsrook
for the company.
Offered by: First Seattle Dexter Horton
Securities Co., November, 1929, at
Dar
