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“FOMSON'S MANUAL

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EXCHANGE BUILDING
One of the realty units of the United Group
of Corporations, and home of the
Seattle Stock Exchange

Strongly Welded

United National Corporation, holding company for the
United Group of Corporations, is the largest financial
institution in the Pacific Northwest from the standpoint of
paid-in capital.

In its staunch structure are welded together five forwardlooking
 divisions, embracing operation of investment
companies, distributing of investment securities, insurance
underwriting, trust company operations and realty ownership
and management - - - augmented by strong reserves of cash
and marketable securities.

United National Corporation’s permanent investments
are distributed substantially as follows: investment company
division, 39 per cent; securities distributing division, 16 per
cent; insurance division, 11 per cent; trust company division,
2 per cent; realty division, 8 per cent.

UNITED NATIONAL CORPORATION

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SEATTLE

TACOMA

SORTLAND

SPOKANE