an
THOMSON’S MANUAL
SUPERIOR SERVICE LAUNDRIES, INC.
GENERAL OFFICE: 1101 East Spring St.,, Seattle, Wash.
HISTORY: Incorporated under laws of Washington in 1926 to acquire and consolidate
the following laundries in Seattle: American National Laundry, Brookyn
Laundry, New Method Laundry, New Richmond Laundry, Michigan Laundry,
Superior Laundry, United States Laundry and West Seattle Laundry.
BUSINESS: Company conducts general laundry and dry cleaning business in
Seattle. .
OFFICERS: H. A. Merrick, Chairman; L. B. Schwallenbach, Pres.; B. F. Ivey,
Vice Pres.; J. H. Kidd, Sec'y.-Treas.
DIRECTORS: B. F. Ivey, H. A. Merrick, W. C. Roope, L. B. Schwellenbach, F. C.
Thornberg, W. H. Treseler.
GENERAL COUNSEL: Schwellenbach, Merrick & MacFarlane.
Fiscal Year Ends: Dec. 31.
CAPITALIZATION, As of Dec. 31, 1929
Par Value Authorized Outstanding
I. Class A StocK.ocaeeieeeeeeeaeaeeeeeeene NO Par 40,000 shs 31,873 shs
2. Class B Stock... reecvemeneeeene NO Par 80.000 shs 80.000 shs
i. CLASS A PARTIC'PATING CUMULATIVE PREFERENCE STOCK
Provisions: Entitled to $3.60 per an- voting rights, share for share, with
num cumulative dividend and partici- Class B.
pates share for share with Class B Dividends: 1926, (6 mos.), $30,000;
stock in further dividends. Entitled to 1927, $71,322; 1928, none; 1929, $9.562.
$50 per share in dissolution, after Transfer Agent: North Coast Bank
which remaining assets divided equally g& Trust Co. Seattle, Wash.
netween Class A and Class B. ’ . : .
Callable: On 30 days’ notice at $57.50 Registrar: First Seattle Dexter Horand
accrued dividends. ton National Bank. . }
Convertible: At holder's option into Public Offering by: Pacific Empire
“lass B stock. Co., Seattle, Wash., May, 1926, at $50
Voting Power: Class A has equal per share.
COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31
929 1928
-06,993 95,849
TTY 22 “65
5
QO
1927
*$ 53,863
28,998
12,446
$ 12,420
*%83.742
5 96,162
71,322
Surplus for the year........... . $ 24,840
CMlass A Shares Outstanding.......... ..... 32,350
Earned, per share Class A..oiinniiiinaens $2.96
* After depreciation.
t+$79 742 profit on sale of assets and $15,000 dividend from subsidiary.
COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31
ASSETS— 1929 1928
17,814 14,209
*n 680 25,375
794 *5,362
083 C715
_28 SR |
v,935 132,0.4
£8.59 56,2" 7
© 41682593 312.679
GroSS Profit ooo eee
[NEEYEeSt cooemerecee © eemeiiceceennan ememeeneees
Depreciation ........... anmRRARRERE Cee
TAXES. CLC. cooieeeccmaceaannenamseccnmessmrnnsnnnnan 0 =
Net Earnings coco.
Dther INCOME .oeeeeemieececcecaacninen
Net Profit econ viens
Mass A Dividends ...ccoceeciiiemieamee ane
1927
35,110
25,858
85,042
9,821
893,762
541,943
70,691
21 662.227
LUABTL eeerirnesramemmannennmnesmmnnenyemanes i URE REEARSE Er nn
Notes and Contracts Receivable...
Accounts Receivable .......
Dperating Supplies omens Co
Land, Plants and Equipmcnt...............
[Investments in Subsidiaries, c¢.C. eee
repaid Ins., Unamortized Expense. etc...
TOTAL ASSETS .cereeeeneee
LIABILITIES—
Accounts Payable ..eereeeeceeececceeceeenn$
Notes and Contracts Payable... . ..ccocomieees
Due Affiliated Companies _..... ..oimimnnnne
Funded Debt .......... emaenemeennnnmnn
Accrued Interest ooo. oiiiee
Reserve for Taxes, ete. o.oo oooes
Jlass A StoCK. ieee
Mass B Stockewoeeriaeee. © eemeeen————
Japital Surplus .......... ARR
Rarned SurpPlus ieee cece nneeeee “1
TOTAL, LIABILITIES een. $1.682.593
39,569
42,5696
205,000
2,467
..,099
9:7 £12
p
30,484
56.922
223,000
3,145
8,775
1 208.730
-
;
»
31.171
21 662.227
%1 619.679
