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