<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Source Capital Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
836-142-307
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(CUSIP Number)
September 21, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing
information which would alter the disclosures provided in a prior
cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
Page 1 of 7
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<TABLE>
<CAPTION>
<S> <C>
CUSIP No 836-142-307
- --------------------------------------------------------------------------------
1) Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)
Everest Partners Limited Partnership (d.b.a. Everest Partners, L.P.)
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization
Nevada
- --------------------------------------------------------------------------------
Number of (5) Sole Voting Power 237,969
Shares --------------------------------------------------------------
Beneficially (6) Shared Voting Power 0
Owned by --------------------------------------------------------------
Each Reporting- (7) Sole Dispositive Power 237,969
Person --------------------------------------------------------------
With (8) Shared Dispositive Power 0
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person
237,969
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row 9
18.1%
- --------------------------------------------------------------------------------
12) Type of Reporting Person (See Instructions)
PN
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</TABLE>
Page 2 of 7
<PAGE> 3
<TABLE>
<CAPTION>
<S> <C>
CUSIP No 836-142-307
- --------------------------------------------------------------------------------
1) Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)
Everest Managers, L.L.C.
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization
Nevada
- --------------------------------------------------------------------------------
Number of (5) Sole Voting Power 237,969
Shares --------------------------------------------------------------
Beneficially (6) Shared Voting Power 0
Owned by --------------------------------------------------------------
Each Reporting- (7) Sole Dispositive Power 237,969
Person --------------------------------------------------------------
With (8) Shared Dispositive Power 0
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person
237,969
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row 9
18.1%
- --------------------------------------------------------------------------------
12) Type of Reporting Person (See Instructions)
OO
- --------------------------------------------------------------------------------
</TABLE>
Page 3 of 7
<PAGE> 4
<TABLE>
<CAPTION>
<S> <C>
CUSIP No 836-142-307
- --------------------------------------------------------------------------------
1) Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)
David M. W. Harvey
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization
U.S.A.
- --------------------------------------------------------------------------------
Number of (5) Sole Voting Power 237,969
Shares --------------------------------------------------------------
Beneficially (6) Shared Voting Power 0
Owned by --------------------------------------------------------------
Each Reporting- (7) Sole Dispositive Power 237,969
Person --------------------------------------------------------------
With (8) Shared Dispositive Power 0
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person
237,969
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row 9
18.1%
- --------------------------------------------------------------------------------
12) Type of Reporting Person (See Instructions)
IN
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</TABLE>
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Item 1:
(a) Name of Issuer:
Source Capital Corporation
(b) Address of Issuer's Principal Executive Offices:
1825 N. Hutchinson Road
Spokane, Washington 99212
Item 2:
(a) Name of Person Filing:
This Schedule 13G is being jointly filed by each of the following
persons pursuant to Rule 13d-1(k)(1) promulgated by the Securities and Exchange
Commission pursuant to Section 13 of the Securities Exchange Act of 1934, as
amended (the "Act"): Everest Partners Limited Partnership (d.b.a. Everest
Partners, L.P.) (the "Limited Partnership"), Everest Managers, L.L.C. (the
"General Partner"), and David M. W. Harvey, the principal member of the General
Partner (collectively the "Filing Persons"). The Limited Partnership is a Nevada
limited partnership formed for the purpose of investing in, among other things,
the equity securities of various financial services providers. The General
Partner is a Nevada limited liability company and is the general partner of the
Limited Partnership. The General Partner is charged with management of the
day-to-day affairs of the Limited Partnership. The Filing Persons have entered
into a Joint Filing Agreement, dated as of September 21, 2000, a copy of which
is filed with this Schedule 13G as Exhibit A, pursuant to which the Filing
Persons have agreed to file this statement jointly in accordance with the
provisions of Rule 13d-1(k)(1)under the Act. The Filing Persons expressly
disclaim that they have agreed to act as a group.
(b) Address of Principal Business Office or, if none, Residence:
Post Office Box 3178
Gardnerville, Nevada 89410
(c) Citizenship:
Nevada for the Limited Partnership and the General Partner;
David M. W. Harvey is a citizen of the U.S.A.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
836-142-307
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Item 3: If this statement is filed pursuant to sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of
the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with
240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition
of an investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to 240.13d-1(c), check this box [X].
Item 4: Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
237,969 shares of Common Stock may be deemed beneficially owned within
the meaning of Rule 13d-3 of the Act by each of the Limited Partnership, the
General Partner, and David M.W. Harvey. Such number of shares includes the sum
of (i) 187,265 shares of Common Stock receivable upon the assumed conversion of
$1,500,000 of 7.5% Convertible Subordinated Debentures due March 1, 2008 and
(ii) 50,703 shares of Common Stock. The General Partner and David M. W. Harvey
expressly disclaim direct and beneficial ownership of the shares of Common Stock
reported as deemed to be beneficially owned by them.
(b) Percent of class: 18.1%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 237,969
(ii) Shared power to vote or to direct the vote 0
(iii) Sole power to dispose or to direct the disposition of 237,969
(iv) Shared power to dispose or to direct the disposition of 0
Item 5: Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
Item 6: Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
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Item 7: Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
Not applicable.
Item 8: Identification and Classification of Members of the Group.
Not applicable.
Item 9: Notice of Dissolution of Group.
Not applicable.
Item 10: Certifications.
(b) The following certification shall be included if the statement is filed
pursuant to Section 240.13d-1(c):
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having that
purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
EVEREST PARTNERS LIMITED PARTNERSHIP
(d.b.a. EVEREST PARTNERS, L.P.)
By its General Partner
EVEREST MANAGERS, L.L.C.
By: /s/ David M. W. Harvey
Dated: September 21, 2000
----------------------------------
Name: David M. W. Harvey
Title: Managing Member
EVEREST MANAGERS, L.L.C.
By: /s/ David M. W. Harvey
Dated: September 21, 2000
----------------------------------
Name: David M. W. Harvey
Title: Managing Member
By: /s/ David M. W. Harvey
Dated: September 21, 2000
----------------------------------
Name: David M. W. Harvey
Page 7 of 7
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EXHIBIT A
AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13G
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The undersigned hereby agree as follows:
(i) Each of them is individually eligible to use the Schedule 13G to
which this Exhibit is attached, and such Schedule 13G is filed on behalf of each
of them; and
(ii) Each of them is responsible for the timely filing of such
Schedule 13G and any amendments thereto, and for the completeness and accuracy
of the information concerning such person contained therein; but none of them is
responsible for the completeness or accuracy of the information concerning the
other persons making the filing, unless such person knows or has reason to
believe that such information is inaccurate.
EVEREST PARTNERS LIMITED PARTNERSHIP
(d.b.a. EVEREST PARTNERS, L.P.)
By its General Partner
EVEREST MANAGERS, L.L.C.
By: /s/ David M. W. Harvey
Dated: September 21, 2000 ----------------------------------
Name: David M. W. Harvey
Title: Managing Member
EVEREST MANAGERS, L.L.C.
By: /s/ David M. W. Harvey
Dated: September 21, 2000 ----------------------------------
Name: David M. W. Harvey
Title: Managing Member
By: /s/ David M. W. Harvey
Dated: September 21, 2000 ----------------------------------
Name: David M. W. Harvey
