FINANCE
OF
MUTUAL SYSTEM CORPORATION
GENERAL OFFICE: 1200 Second Ave. Seattle, Wash.
HISTORY: Organized under laws of Washington, Jan. 29, 1926, as a holding
company, to own stock in and control through stock ownership, banks and
finance companies.
HOLDINGS: By stock-ownership, company holds controlling interest in the following:
Sound Industrial Loan Co., Seattle, Wn. Oregon Dank & Trust Co. Klamath
. . . alls, Ore.
Equitable Housing Corp., Seattle, Wn. 4/5 0 0 Building Co., Klamath Falls,
Tower Savings Bank, Seattle, Wn. Ore.
OFFICERS: N. E. Berry, Pres.; Guy G. Navarre, Vice-Pres., Neita H. McGrath,
Secy.; H. E. Howell, Treas. all of Seattle, Wash.
TRUSTEES: Frank E. Burns, L. V. Westerman, J. M. Wilwerding, E. L. Skeel,
H. E. Seaborn, N. E. Berry, Thad Sweek, U. M. Dickey, E .H. Hatch, M. J. McCann,
all of Seattle, Wash.
CAPITALIZATION, As of Dec. 31, 1929
~ Value Authorized
*?5 32,000 Shs.
Lh 8,000 Shs.
3 Par 150.000 Shs.
Outstanding
32,000 Shs.
8,000 Shs.
120,000 Shs.
1. 6% 1st Pref. Cum. StocKk............
2. 6% 2nd Pref. Cum. Stock............
3. Common Stock
te. G%FIRST PREFERRED CUMULATIVE STOCK.
Provisions: Has preference as to 69% passed on either 1st or 2nd preferred,
cumulative dividends and full par when respective preferred shares vote
value, plus accrued cumulative divi- until delinquent dividends are paid.
dends in event of dissolution. Dividends: 69% per annum paid quar-Callable:
At par and accrued divi- terly Feb. May, Aug., Nov. 1st.
dends after Jan. 1, 1931, on 60 days’ Public Offering by: Calumet Investswritten
notice. ment Co., Seattle, Wash, Oct., 1929.
Voting Power: Non-voting except in Price: $35 per unit. 1 sh. 1st pref. and
tase any regular quarterly dividend is 1 sh. common.
3. COMMON STOCK.
Provisions: Non-assessable. Full unless preferred dividends become de-_
: : . Sand linquent.
participation in all profits and divi- Dividends: 25c¢ per share paid quardends
after preferred stock receives 6% terly from May 1 to Dec. ln 1928, a
n . ft which time stock was split 4 for 1 an
cumulative dividends. dividends of 10c¢ per share paid quarter-Voting
Power: Full voting power ly Feb. 1. 1929. to date
STATEMI'NT MUTUAL SYSTEM CORP. Dec. 31, 1929
“SOURLC LIABILITIES
“ash and Excnange
Discounts _.
Receivables ..
Stocks Owned .
Yther Resource
199,816 Total Liabilities ........
STATEMENT. S"TUND INDUSTRIAL LOAN CO. Dee. 31. IP
RESOURC LIABILITIW
Cash and Exchange................... 39,819 Capital Stock ....... REE
U. S. Govt. & Other Bonds... 100,382 Surplus, undiv. Prof. & Res...
Loans and Discounts.............. ,930,295 Dividend Reserve eens
& Fix 76 Bills Payable sven us
urn. sesemsnnnsen : Savings Certificates ..... .......
Nther Resources .............. 53.295 8% SAVINES cooiieiieeeeeeeaeiaaanannn
Total Resources .....___ ..$2.135.520 Total Liabilities 3
Total Resources
"9916
271,580
133,023
12,639
294,508
720,359
702.409
2 125 59°
NATIONAL DISCOUNT CORPORATION
GENERAL OFFICE: Dexter Horton Bldg., Seattle, Wash.
HISTORY: Incorporated under laws of Washington in 1928.
BUSINESS: Company deals in conditional sales contracts and manufacturers’
paper in a wholesale way, acting as a rediscount agent for finance companies
SUBSIDIARY: Federal Discount Corporation, Vancouver, B. C.
OFFICERS: R. Douglas Ball, Pres. and Gen. Mgr.; Reginald H. Parsons, Vice
Pres.; Charles E. Horton, Treas.; P. H. Watt, Sec'y.
TRUSTEES: Victor H. Elfendahl, Berman Schoenfeld, Gaylord Adams, C. C. Carpenter,
John A. Porter, J. H. Ballinger, W. B. Stephens. Frank Cooper. S J
Chadwick. WW, T. Dehne. C. P. Jenks
