DIRECTORS: A. J. Perkins, J. P. Winter, J. S. Magladry, J. 3. Moltzner, Well
Stevens, W. T. Culver, Joseph M. Healy.
GENERAL COUNSEL: J. P. Winter, J. S. Moltzner, Lawrence T. Harris, Portland,
Oregon.
Fiscal Year Ends: Dec, 31. Annual Meeting: January.
oor “TATION, As of Dec. 31, 1929
Par Value Authorized
1. 59% Part. Pref. Stocn.eannceeecceeee.. $100 $1,000,000
2. Common Stock .. .- $100 $ 500,000
Outstanding
$351,100
$183,135
l. 8% PARTICIPATING
PREFERRED STOCK
Preferred stock has preference up tc
$100 per share in liquidation.
Dividends: 5% per annum paid semiannually,
Jan. and July 1, on preferred.
None on common stock recently.
Provisions: 59 dividends are cumulative,
and have preference over common
dividend. After common receives
5% dividend in any one year, further
dividends are distributed two-thirds to
com. stk. and one-third to preferred.
DMPAR*TIVE BAI NCE SHEET, As of Dec. 21
1929 vi
13,503 "3
20,060
18,679
171,581
£7
ASSET.
Cash corrreeeeeer see,
Stocks and Bonds ....
Accounts Receivable
Mortgages Receivable
Notes Receivable ....
Accrued Interest ..... ean
Home Office Bldg. ceo... ceeoatenannenna——-Office
Bldg., Eugene, Ore. .... ...........___
Furniture and Fixtures ............oooooooooeeoooooo
Charter and Other AssetS.....................oooo...___
1927
5,432
? 789
+28
47
;
TOTAL ASSETS
LIARILITIEFS
Capital .....
Surplus ...............
Bond Liability .._.....
Accounts Payable . -
Notes Payable __..................
Mortgage Loans Payable ...
Nat. Inv. Corp. ..._._.
TOTAL LIABILITIES
4,235
“905
cop
FUNDED DEBT, As
dec.
9
1929
Dated
Var.
Var
Interest Payable: Semi-annually on
Coupons, Jan. and July 1. Savings
Bonds are cumulative, payable at maturity.
Trustee: Lawyers Title & Trust Co.,
Portland. Ore.
Rate
1. 1st Coupon Bonds......... 6%
2. 1st Mort. Savings Bonds 6¢
Jue Authorized
Various Unlimited
Various Unlimited
Registerable: As to ownership.
Denominations: $100, $500, $1,000.
Security: First mortgages on Oregon
real estate, deposited with the
trustee
mtstanding
$50,000
$19,869
GENERAL AMERICA CORPORATION
GENERAL OFFICE: 1102 White Bldg., Seattle, Wash.
HISTORY: Incorporated under laws of Washington, July 1. 1929.
BUSINESS: A holding company, organized primarily to acquire and hold stock
of the “All-America Group” of insurance companies. Charter permits engaging
in most any character of financial business.
HOLDINGS: Company owns or controls all but directors’ qualifying shares in
the following: General Insurance Co. of America, First National Insurance Co.
of America, General Casualty Co. of America, American Insurance Agency.
The above companies were acquired by exchange of stock as follows: 75
shares of Gen. America Corp. for each one share of Gen. Ins. Co. of America and
Gen. Ins. Agency combined; 30 shares of Gen. Am. Corp. for each one share of
First Nat. Ins. Co. of Am. The Gen. Casualty Co. of America was owned jointly
bv Gen. Ins. Co. of America and First Nat. Ins. Co. of America.
The Western Insurance Co. of America, owned bv the Gen. Ins. Co. of America,
was liquidated in 1929-20
