08
THOMSON'S MANU.an
UNITED TRUST COMPANY
GENERAL OFFICE: 800 Second Ave. Seattle, Wash.
CONTROL: United National Corporation owns all but directors’ qualifying shares.
JISTORY: Incorporated under laws of Washington, April 12, 1930.
BUSINESS: General trust business, estates, escrows, etc., safe deposit vaults.
Company's charter permits engaging in general banking business, but company
has no immediate intention of doing so.
CORRESPONDENTS: Equitable Trust Co., New York; People’s First Ave. Bank,
Seattle, Wash.
DFFICERS: W. H. White, Pres.; R. I. Ehrlichman, Vice Pres.; W. C. Hewitt,
Vice Pres.; W. B. Fowler, Sec’'y; Roger L. Shidler, Asst. Sec’y; E. V. Denny, Treas.;
B. O. Rapier, Asst. Treas.; F. W. Buff, Comptroller.
DIRECTORS: R. M. Drumheller, B. B. Ehrlichman, W. H. White, J. C. Bowles,
J. BE. Ferris, E. B. Favre, R. I. Ehrlichman, George Harroun, H. A. Rhodes.
CAPITALIZATION Dar Value Authorized Outstanding
Capital Stock ...... 59 «wl $200,000 $200,000
Paid-in Surplus .coememeeeiocl I ARSE $150,000
Total Paid~in Capital...cce.... reeneeeenn $350,000
UNITED SECURITIES COMPANY
GENERAL OFFICE: Skinner Bldg. Seattle, Wash.
BRANCH OFFICES: Tacoma, Wash.; Portland, Ore.
HISTORY: Incorporated in Washington, Aug. 6, 1926, under name Professional
Jervice, Inc. Present name adopted May 1, 1927.
BUSINESS: Discounting physicians and dentists’ contracts.
DFFICERS: 8. E. Morris, Pres.; D. C. Stansbery, Secy.-Treas.; A. C. Crookall,
Vice Pres., all of Seattle, Wash.
DIRECTORS: C. J. Stansbery, G. A. Barker, F. R. Underwood, A. D. Remington,
A. C. Crookall, D. C. Stansbery, S. E. Morris, all of Seattle, Wash.
GENERAL COUNSEL: J. B. Alexander, Seattle, Wash.
GENERAL AUDITORS: Haskins & Sells, Seattle, Wash.
Fiscal Year Ends: Dec. 31. Annual Meeting: January.
CAPITALIZATION
Par Value Authorized Outstanding
i. 7% Cum. Pref. Stock... cee $100 25,000 shs 781 shs
2. Common Stock .._. revamnmeeennnananenneae NO PPAR 5,000 shs 1,772 shs
1. 7% CUMFILATIVE PREFERRED STOCK
Provisions: Preferred as to divi- Transfer Agent: The Company.
dends and as to assets in liquidation. Legal Opinion by: Alexander & Bun-Callable:
As a whole or in part any dy, Seattle, Wash.
time at par. Publie Offering by: The Company,
Voting Power: Has no vote. May, 1927, at par, with 2 shares com-Dividends:
7% per annum, paid semi- mon as bonus.
annually, June and Dec. 1, since Dec., Number of Stockholders: 50.
1926. Price Range: 1929, sales at par.
2. COMMON STOCK
Provisions: Entitled to all earnings Transfer Agent: The Company.
over and above preferred dividends. Public Offering by: The Company in
Jas sole voting power. .
Dividends: 40 cents per share paid May, 1927, as bonus, 2 shares with each
Dec.. 1929, share of Preferred.
COMPARATIVE EARNINGS. Years Ending Dee. 31
1029 1928
g“e2 12,918
92 8,284
cay
Gross Barnings ....eeeeeimeeaeaeaees
Total Expenses ......ccocceeeeere.
Net Earnings .ooocceeeceeeeei_
Contracts Discounted ....
Collections .veeeceemncemeaanne..
Ave. Paid-in Capital _............... ..
% Gross Earnings to Capital.
2% Net Earnings to Canits).
1927
$ 6,741
4,749
1.992
65,377
40,327
20,270
33.29%
9.8%
ne
4,534
7c)
015
20.7
10.29%
LY
eernnnnnreeneen 12.2%
BALANCE SHERT. As of Dec. 31, 1929
AQQmTC JABILTTTR®
Accounts .’aveble .......... inpwai sD 70
Notes Payable ... eeeevrenreenmmnneeeeeeee 1,000
Serial Notes .. eonevemmenennnneeeeeeae 11,000
Tapital ... aeeeeen 18,600
EServes .cccceeaee- eeeeaan———n 661
rplusS coor eeeeccecececeeeeee 3,010
TOTAL: LIABILITIES oo .......%95.346
2aSh eee eee?
Notes Receivable ............__._.... _..
Accounts Receivable ................_.....
Stock Subscriptions ....................... LC,
Furniture and Fixtures.................. t
Deferred Charge .cooemneeneiii 2
TOTAL, ASSETS _....... 95 248
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