Chesebrough Buildings 
(New York City) 
First Mortgage 6% 1948 Sinking Fund Gold Loan 
Amount: $3,500,000—retired $171,000; outstanding 
Dated: October 1, 1923. 
Maturity: October 1, 1948. 
Interest: April and October 1st. 
Denominations: $1,000 and $500. 
Taxes: 2% Federal 
Redemption: 105 to 1933; then 102% to 1943; then 12% less 
each year thereafter. 
Trustee: Central Hanover Bank & Trust Company. 
Legal for Trust Funds in New York. 
Appraised: 
Joseph P. Day, Inc. ...... 
Chas. F. Noyes Co. .... 
Assessed 1930: $3,791,000. 
Security: 
1—Battery Park Building, 21 to 24 State Street, land 14,630 
square feet and 12-story office building. 
Maritime Building, 8-10 Bridge Street, 13,483 square 
feet and the 1l-story office building thereon erected. 
Maritime Annex Buildings—19-23 Pearl Street and 22-24 
Whitehall Street and the four- and five-story office 
buildings thereon erected—land area 8,271 square feet, 
rentable area 29,000 square feet. 
.Chesebrough Building, 9-17 State Street; 10-1215 Pearl 
Street; land 17,532 square feet; 1l-story office build- 
ing, 95,860 square feet rentable area. 
The obligor on these bonds (Chesebrough Building Com- 
pany) is a subsidiary of City Service Company, and all the 
properties are on the lower end of Manhattan, some facing 
Battery Park. 
Earnings: 
~ 
Available Fixed 
for interest charges 
1923 $602,326 $210.000 
1924 568,330 210,000 
1925 *R7,525 210,000 
1926 13,790 215,642 
1927 25.959 213,028 
1928 585,118 223,627 
1929 539,806 201,240 
Price Range: January-May, 1930—101-96%%. 
24 
Times 
earned 
2.87 
3.18 
3.17 
3.13 
3.36 
2.62 
268