THOMSON'S MANUAL
Company throughout its system has arrangements for interchange of toll
business with Pacific Telephone & Telegraph Co., and serves practically without
competition territory with an estimated population of 225,000.
PROPERTY: Company owns and operates approximately 20,778 miles of aerial
Ws. There are 63 exchanges in its system giving service to over 36,500 telephones.
OFFICERS: William Neal Winter, Pres.; P. R. Roller, Vice Pres.; Earl W. Gates,
Vice Pres. in charge of operations; 1. P. Hackett, Sec’'y-Treas.; L. C. Peppell Asst
Sec'y-Treas.
DIRECTORS: Charles Hall, Chairman; J. E. Dorsey, W. N. Winter, I. F. Dix
H. D. Pillsbury, Harry H. Fair, Omar C. Spencer, L. P. Hackett, C. E. Hickman
H. R. Lawton.
GENERAL AUDITORS: Haskins & Sells.
fiscal Year Ends: Dec. 31.
Number of Emplovees: 531.
CAPITALIZATION,
Par
1. 6% Cum. Pref. Stock .icniicrannas
2. Common StOCK aceirinaameeeennaneee
As of Dee. 31, 1929
Value Authorized Outstanding
525 160,000 shs 60,000 shs
825 120.000 shs 80.000 sh
1. 6% CUMULATIVE PREFERRED STOCK
Provisions: Fully paid and non-as- quarterly, Mar., June, Sept., Dec. 1. Insessable.
Preferred as to 6% annual itial dividend paid Sept. 1, 1928, and
cumulative dividends and entitled to regularly since.
$25 per share in event of liquidation. Ex-Dividend Date: 20th Feb, May,
No other stock having priority may be Aug. and Nov.
issued without consent of majority of Transfer Agent: The Company, Ev-Preferred
stockholders. Additional erett, Wash.
Preferred stock may be issued with Registrar: First National Bank, Evsuch
aividend and call price as trus- erett, Wash.
tees may elect. ini : Kerr.
Callable: As a whole or in part on pASEM Opton by: Carev & Bre
any dividend date on 30 days’ notice ’ To . ;
at $26.50 per share. Public Offering by: Peirce, Fair &
Voting Power: Entitled to equal vot- Co., American Securities, Co., Blyth &
ing power with Common on default of Co., Tucker, Hunter, Dulin & Co., June
dividends for a period of one year. 1, 1928, at $25 and accrued dividend
Tax Status: Exempt from normal from June 1, 1928.
mederal income tax up to 2%. Number of Stockholders: Dec. 31
Dividends: 69% per annum, payable 1929, 766.
2. COMMON STOCK
Dividends: None paid to Jan. 1, Number of Stockholders: 11. (25%
1930. owned by Pacific Tel. & Tel. Co.)
COMPARATIVE INCOME STATEMENT. Years Ending Dee. 31 8
mos.
1928
$ 964,006
588,308
* 375,698
13.074
#4 388,772
157,334
72,621
108.223
50,594
§ 50,594
48,903
3 1.691
181,770
Preferred Dividends ooo icocommeseemessemsesiomesssensss os sans annem 90,000
Surplus for the year. coven ee mannaaneaae § 91.770
COMPARATIVE CONSOLID ATED BALANCE SHEET, As of Dee. 31
ASSETS 1929 1928
Plants and FL QUIDINEN Loe eeeeneeneesmeesrensencmsemecmserasemsemseemeeasanssssassens’ 1,652,004 $7,469,721
Construction WOTK in Progress. .eeemmsssos comes 52,5615 2,005
Investments in Subsidiaries, ete. cm ceeemmmsrsseniin cess on 287,073 158,202
Sinking Fund .. a v—— momaAwRA ESTAR 20,000 eemeecnns
FP NO ey 22,215 529,776
Accounts Receivable iene onsen eee 151,202 I
Bills RECEIVABLE oooeiioieomcmecacamem ones smemeeonmsanasa nesses ssa nacness 0,325 22,837
Materials And SUPPLIES ca imeirecameasrmmmnenassa menses 83,789 30,721
Deferred Debit TEMS oi iomeemrnencrmmemnsrresa snes 233,994 266,973
“"NTAL, ASSETS ..... _. C..$8.523.117 $8 480.231
