Po hem
ix
GENERAL DISCOUNT AND MORTGAGE CORPORATION
GENERAL OFFICE: 401 Home Savings Bldg. Seattle, Wash.
HISTORY: Organized under laws of Washington, Sept. 6, 1923.
BUSINESS: Discounting conditional sales contracts and accounts receivable from
manufacturers and merchants.
OFFICERS: Ahira E. Pierce, Pres.; C. H. Bailey, Sec'y; W. V. Eddy, Trustee;
Oscar D. Trick, Trustee.
CAPITALIZATION, Ax of May 1, 1930
Par Value
7% Cum. Preferred StocK.....oocoeooo... *10
Class A Stock... een. ‘ar
Class B Stock..... ceeeeeem soar
Class BB Stock......... No Par
Authorized
149,899 shs
20,000 shs
39,900 shs
100,000 shs
1.
2.
3.
{.
Outstanding
49,899 shs
20,000 shs
39,900 shs
Provisions: Preferred stock entitled
to 7% cumulative dividends and $10
per share in liquidation. After Pre-
ferred dividend is paid, Common stock
is entitled to same rate paid Preferred,
after which further earnings distrib-
uted equally between two classes until
Preferred receives 109, after which all
further earnings go to Common stock.
Callable: Preferred is callable at
$12.50 per share.
Dividends: Paid regularly on Pre-
ferred.
Offered: By the company, 10 shares
Preferred and 4 shares Common at $125
per unit.
RALANCE SHEET,
As of Dec. 31, 1929
LIABILITIES
Notes and Accts. Payable...........$ 37,585
Reserve for Notes Rec. ............... 1,684
Capital Stock Issued.................. 460,680
Stock Unissued ........cocc..cccececco... 39,200
BUTTS sonvimmornimse tommbinimissmmnnseomnnamens 2,601
ACT
RIFE
Cash ee eae
lL.oans & Discounted Paper..
Mortgages ......
l.ease Account _..
Notes Receivable ._..._..
Stockholders’ Account
Investments ........
Furn. & Fixtures.....
TOTAI, ASSETS
5,222
2.955
500
208
23
ec
a
1 §
0
TOTAL LIABILITIES .............$541.810
GENERAL FINANCE CORPORATION
GENERAL OFFICE: Salem, Ore.
BRANCH OFFICE: Eugene, Ore.
HISTORY: Opened for business July 1, 1927. Incorporated under laws of Ore-
gon Feb. 1927.
BUSINESS: Personal installment loans.
OFFICERS: W. J, Needham, Pres.; G. W. Day, Vice Pres.; J. J. Elliott, Treas.;
Coy H. Simmons, Sec.-Mgr.
DIRECTORS: P. D. Quisenberry, Frank Durkin, Jr.
GENERAL COUNSEL: Custer Ross.
GENERAL AUDITOR: Lester Barr.
Fiscal Year Ends: Dec. 31. Annual Meeting: Jan.
CAPITALIZATION, As of Dec. 31, 1929
Par Value Authorized Outstanding
100 $70,000 $33,500
«100 $30,000 $30,000
'y on preferred stock since July, 1927. and
1. 79% Pref. Stock.
2. Common Stock .. —-
Dividends: 79% per annum paid ~~
8% paid on common.
income: 1929 gross incom
, expense, $11,076; gross profit, $11.643.
CE SHEET. As of Dec. 31. 1»
ASSEFn
CLAYS LT
JQ
Net Loans .._..._..
Net 3% Loans.
Stock Loans .......
Other Property ............._
Organization Expense ..
Furn. & Fixtures... __. pa
Cash
TOTAY. ____..._
76,270
3,350
5.863
1b
“6
6
84
R97 3¢~
Stock Solin
surplus ..........._.
""ndivided Profit ......
Res. for Unrnd Int. ......_..._......
es. for Accrued Int. ............. .
Notes Payable i...
Accounts Pavable ooo
-...363,500
1,333
2,988
6,906
312
8,912
142
"CYT A; .
597 394
