Harvard business reports (1930)

14 HARVARD BUSINESS REPORTS After preliminary negotiations the organization of First National Exhibitors' Circuit, Incorporated, had been effected on February i, 191 7, by the signature of 23 exhibitors to an agreement. By the terms of the agreement these exhibitors were to receive for exhibition in their theaters all the pictures which the company might purchase. They were to organize exchanges through which they would sell the pictures for exhibition to other exhibitors in their various territories, and were to subscribe to the capital stock of the new company. A list of the original franchise holders is given in Exhibit 1. Exhibit i List of the Original Franchise Holders of First National Exhibitors' Circuit, Incorporated Name Business Activities on Feb. 1, 1927 Territory of First Nat'l Franchises Percentage of Cost Allotted Amount of Capital Stock Subscribed T. L. Tally 1 theater in Los Southern Calif, and 3% $1,500 Los Angeles Angeles An exchange Arizona Turner & Dahnken* 11 theaters in Calif. Northern Calif., 4% $2,000 San Francisco 1 theater in Reno, Nevada Nevada, & Hawaii Jensen & Von Herberg 5 theaters in Wash Washington, Ore 7% $3,500 Seattle ington, Ore. and gon, Montana, Al 3 franchises Montana An exchange aska, Northern Idaho Robert Lieber* 1 theater in Indian Indiana 3% $1 ,500 Indianapolis apolis, Indiana An exchange ♦Thomas Saxef 4 theaters in Wis North Dakota, 5ro $2,500 2 franchises consin & Minnesota South _ Dakota, Milwaukee Wisconsin & Minnesota E. Mandelbaum 3 theaters in Cleve Ohio 6% $3,000 Cleveland land, Ohio 2 franchises Sub-franchises 126 J. H. Kunsky* 2 theaters in De Michigan 4% $2,000 Detroit troit, Michigan Josiah Pearce &J Sons 2 theaters in New Louisiana and Mis 2% $1 ,000 New Orleans Orleans sissippi Wm. Sievers 2 theaters in St. Missouri 3H% $1,750 Sub-franchises — 40 Louis St. Louis An exchange E. H. Hulsey* 17 theaters in Texas, Texas, Oklahoma, 4% $2,000 (4 associates) Arkansas, Okla Arkansas Dallas homa Sub-franchises — 1 40 An exchange * Also distributed pictures other than those supplied by First National Exhibitors' Circuit, Incorporated. t Carl Laemmle, president of Universal Pictures Corporation, hada 50% interest in this franchise and the pictures were distributed through his exchange at Minneapolis. % This firm signed the original agreement but never paid in the money for its stock. _ In May, 1917, the Saenger Amusement Company purchased the stock and obtained the franchise.