Full text: Thomson's manual of Pacific Northwest finance

SECTION VII. 
FINANCE 
Including all Finance Companies, Holding 
Companies, Mortgage Companies, Investment 
Trusts, Ete., in the Pacific Northwest, whose 
securities are in the hands of the public. 
AMERICAN MORTGAGE COMPANY 
GENERAL OFFICE: 1005 Pacific Ave., Tacoma, Wash. 
HISTORY: Incorporated under laws of Washington, 1916, as American Finance & 
Safe Deposit Co. In 1924 name changed to Am. Mortgage & Finance Co. In 1926 
safe deposit department was sold and present name adopted. 
BUSINESS: General finance, insurance and mortgage loans, automobile contracts, 
commercial paper. Correspondents of Metropolitan Life Ins. Co. 
OFFICERS: Maunsell Mitchell, Pres.; Arthur C. Sturley, Vice-Pres.; Harold 
Gloyde, Sec.-Treas.; George Jackson, Mgr. Securities Dept. 
DEPOSITORIES: Puget Sound National Bank, First Seattle Dexter Horton Na- 
tional Bank, First Mutual Savings Bank. 
GENERAL AUDITOR: Charles P. Kaspar, Tacoma, Wash. 
Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Wed. in Jan. 
CAPITALIZATION, As of Dec. 31, 1929 
Par Value Authorized 
1. 8% Cumulative Preferred Stock........ $100 4,650 Shs. 
2. Common Stock .. . No Par 10.000 Shs. 
Outstanding 
4,562 Shs. 
10.000 Shs. 
1. 8% CUMULATIVE PREFERRED STOCK 
Provisions: Preferred as to cumula- terly, Jan. Apr, July, Oct. 1, on pre- 
tive dividends up to 8% per annum, per ferred stock since first issued. No divi- 
share, and as to assets in liquidation dends on common stock in recent years. 
up to $100 per share. Ex-Dividend Date: 20th of preceding 
Callable: At 110, by lot, on any divi- month. 
dend date. Transfer Agent: The Company 
Dividends: 89% per annum, paid quar- Number of Stockholders: 100. 
7 " ANCIAL STATEMENT, As of Jan. 1, 1930 
LIABILITIES 
Notes Payable .......ooooooco.....3 
[ncompleted Mortgages ........ ... 
Accounts Payable ...cooooooi.. 
Taxes and Interest Accrued 
Tash eee. 
Loans and Disc rts. 
Metropolitan Life Loan 
Accounts Receivable 
Stocks and Bonds 
30,020 
61,415 
96,807 
24,812 
52 B58 
5 Yom yn 
Total Current 
Prepaid Interest 
Deferred Items 
Office Equip. & ..u 
Pref. Stock Subscrip.ior 
Com. Stock Subscrintions. 
GF + 
4 
Total Current ° 
Jol. Trust & Golc 
Preferred Stock 
Common Stocks .. 
Surplus and Reserve... 
Total Liabilities _ 
] 
30 
. {} 
$1,122.28R 
FUNDED DEBT, As of Dec. 31, 1929 
Rate Dated Due 
10-year Collateral Trust Gold Bonds 7% Various in 10 yrs 
Interest Payable: Jan. and July 1, by trustee. 
Trustee and Registrar: First Seattle Dexter Horton National Bank 
Registerable: As to principal only. 
Denominations: $1,000, $500, $100, $50. 
Callable: At 101 on any interest date, on 30 days’ notice. 
Retirement Provision: Bonds may be surrendered for cash and accrued interest 
on 30 days’ notice, company agreeing to redeem as follows: at 3% discount if 
surrendered after 6 months and within 2 years; 29% after 2 years and less than 
3 years; 19% after three years and less than 4years; % 9% after 4 years. If 
10% of outstanding bonds are surrendered, company may require 6 months’ notice 
and shall not be required to redeem more than 509% of outstanding bonds in any 
six months’ period. 
Security: Company to maintain on deposit with trustee collateral. worth not to 
be less than 120% of total face value of outstanding bonds 
Total Assets
	        
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