THOMSON'S MANUAL 
PUGET SOUND NAVIGATION COMPANY 
GENERAL OFFICE: Colman Dock, Seattle, Wash. 
HISTORY: Incorporated under laws of Nevada in 1913, succeeding Puget Sound 
Navigation Co. of Oregon, organized 1896. Popular name for the company is “The 
Black Ball Line.” 
BUSINESS: Company is largest owner of automobile and passenger ferries, 
freight and passenger vessels on Puget Sound. Operates as a common carrier 
s>wning exclusive franchises on 19 ferry routes, Serves population in excess of 
1,000,000, including cities of Seattle, Tacoma, Bellingham, Everett, Bremerton 
Anacortes and Port Angeles, Wash.; Victoria and Sidney, B. C. 
PROPERTY: Floating equipment consists of 19 ferry-type vessels, 7 passenger 
and freight vessels, 3 freight vessels, total 29 vessels. Owns wharves and term- 
inals in various Puget Sound ports. 
SUBSIDIARIES: Crosby Direct Line Ferries, Navy Yard Route, Sound Ferry 
Lines, Whidby Island Ferry Lines, Olympic Motor Transit Co. 
MANAGEMENT: Capt. A. M. Peabody, Pres.; H. Arthur Rust, Vice Pres. and 
Treas.: C. V. LaFarge, Sec’y and Traffic Mgr.; J. BE. Murphy, Marine Supt.; H. C. 
Strassburger, Auditor. DIRECTORS: Lawrence Bogle, Chairman; Wm. Calvert, 
J. H. Bloedel, W. T. Ford, R. R. Pearson, H. Arthur Rust, Geo. Roberts, C. V. 
La Farge, A. M. Peabody, all of Seattle, Wash. 
GENERAL COUNSEL: Bogle, Bogle & Gates, Seattle, Wash. 
Fiscal Year Ends: Sept. 30. Annual Meeting: November. 
Number of Employees: 700. 
CAPITALIZATION: Par Value Authorized Outstanding 
Common Stock .. eee $100 $2,105.000 $2,104.240 
COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 
(As filed with Department of Public Works, Olympia, Wash.) 
1929 1928 
_ ..%1,959,262 $1,026,094 
"72,877 110,274 
. ake 778 
1927 
$1,195,038 
110,138 
997.613 
87,288 
27.266 
.24,554 
8.643 
¢ 115 9011 
Operating Revenue .. 
Depreciation cocoons . 
NDneratinge Fxpense, Taxes e* 
Net Earnings ....... 
Other Income ooo —.. 
Total Income emma. oe = 
Interest, Amortization. ete. 
Net Income .............. 
—Deficit. 
aR 4.9 
X01] 
COMPARATIVE BALANCE SHEET, As of Dec. 31 
{As filed with Department of Public Works. Olympia, Wash.) 
ASSETS— 1929 1928 1927 
OF: 1) + 262,879 15,684 $ 69,927 
Accounts Receivable ... ..... 98,268 70,743 30,147 
Materials and Supplies. 10,675 15,5689 130,149 
Other Current Assets............ . 43,874 715,210 67,260 
Reacquired Securities .......... —. 17,400 pS memmemnnen 
Sinking Pund cession ams 16,090 — I 
Investments, Subsidiaries, etc. I 867,882 "9 ARg 682,571 
Floating Equipment .............. Ce eeereeeen. 5,070,662 L 3,026,468 
Terminal Facilities, etc. ..... —.. come cece. 330,403 76,196 
Misc. EQUIPMENT orieeeeceoeecciicicn commmmmncaeaes 38,693 83,978 
Deferred Debits moeeeeooeeereeeeeoecceeneeeeemnmeeee 104,167 47.718 
TOTAL. ASSETS coon $4,860,894 $4.030.174 
LIABILITIES— 
Notes Payable .ooiiiieemeecceene. 
Accounts and Wages Payable... 
Inter-Company Accounts, etc. ........ 
Accrued Interest, etc. .... 
Funded Debt 
Depreciation Reserve ......... . 
Other Deferred Credits. ....ooooooeiiceee. 
Capital Stock icra 
Surplus and ReSerVeS ee aeemmene meen 
465,000 
189,052 
553.610 
750,000 
,110,549 
.€,321 
2,104,240 
276,031 
TOTAL LIABILITIES ..ocoeeeeee. $5.544,803 
FUNDED DEBT, As of Dec. 31, 1929 
First (Closed) Mortgage Rate Dated Due Authorized 
Serial Gold Ronds._ 609 11-1-28 1929-3R% $750.000 
143,659 
205,557 
265.776 
1,110,959 
19,456 
2,104,240 
446,302 
24 030.174 
Outstanding 
eeq0 000