Harvard business reports (1930)

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FIRST NATIONAL EXHIBITORS' CIRCUIT 15 Exhibit i (Continued) Name Business Activities on Feb. i, 1927 Territory of First Nat'l Franchises Percentage of Cost Allotted Amount of Capital Stock Subscribed Big Feature Rights 3 theaters in Louis Kentucky, Tennes 2% Si ,000 Corp., (Fred Levy) ville see Louisville An exchange Tom Moore 4 theaters in Wash Maryland, Dela 3% Ji.SOO Washington, D. C. ington, D. C. ware & D. C. Rialto Theaters Corp.,§ Rialto Theater N. Y. State ll% $5.5oo (S. L. Rothafel) New York City 2 franchises Empire Theater Co.* 13 theaters in Conn. Me., N. H., Vt.. 7% $3,500 (Nathan Gordon) & Mass. Mass., R. I., and 2 franchises Boston Jake Wells, Inc.* Richmond, Va. An exchange Conn. 18 theaters in Va., Va., N. C, S. C, 3% $1 ,500 Tenn., and Georgia Ga., Fla., & Ala. Dominion Amusement 1 theater in Ottawa Canada east of Fort 3% $1,500 Co., Ltd. Williams and Port Ottawa Arthur W. H. Swanson* 5 theaters, Colorado Colo., Wyoming, 3% $1,500 (Harry Nolan) An exchange N. M., Utah, & Denver Southern Idaho Frank G. Hall 2 theaters in Pater New Jersey 3% $1,500 New Jersey son, N. J. An exchange Rowland & Clark* 9 theaters in Pa. West Va.& Western 4% $2,000 Pittsburgh Pa. A. H. Blank* 6 theaters in Neb. Iowa, Kansas, and 5% $2,500 Des Moines and Iowa An exchange Nebraska Central Film Co.* 6 theaters in Chicago Illinois 6M% $3,250 (Jones & Ascher) An exchange Chicago Harry Schwalbef Eastern Pa. 4H % $2,250 Philadelphia Western Theater Co., 1 theater in Van Canada west of and 2)4% $1,250 Ltd. couver, B. C. including Port Vancouver, B. C. Arthur and Fort Williams Total number of theaters — 117 The rights for the foreign distribution of the company's pictures were sold to Australasian Films, Incorporated. * Also distributed pictures other than those supplied by First National Exhibitors' Circuit, Incorporated. t Mr. Schwalbe with the Mastbaum interests of Philadelphia controlled the Peerless Feature Film Company. These interests also controlled the Stanley Booking Corporation and 50 or 60 theaters in Pennsylvania. § Turner and Dahnken had a 60 % interest in this franchise and J. D. Williams a 20 % interest. The reasons for the formation of First National Exhibitors' Circuit, Incorporated, were probably best presented by the following statements made in Federal Trade Commission Docket No. 835 against Famous Players-Lasky Corporation, in which case testimony about the formation of First National Exhibitors' Circuit, Incorporated, occupied a prominent position. As a result of certain strong personal rivalries and because of the anticipated keen competition between First National Exhibitors* Circuit,