of the Childs system of dining-rooms and restaurants) have 
contracted to purchase Obligor’s preferred stocks and pay 
therefor amounts equal to the amounts Obligor may re- 
quire from time to time to meet the maturing interest and 
sinking fund requirements of these debentures in event 
Obligor fails to pay them from its own resources. Later 
the Childs interests were purchased by U. S. Realty and 
Improvement Company, and the total obligation of the 
stock purchase agreement was assumed by United: States 
Realty and Improvement Company, thus making these 
debentures in effect guaranteed by it. 
Earnings: See net of United States Realty and Improvement 
Company, page 16. 
Price Range: January-May, 1930—91-8714. 
Savoy-Plaza Corporation 
(New York City) 
First Mortgage Fee and Leasehold 1945 Sinking Fund 6s 
Amount: $10,500,000. 
Dated: December 1, 1925. 
Maturity: December 1, 1945. 
Interest: June and December 1st. 
Denominations: $1,000 and $500. 
Taxes: 2% Federal-—Penn.,, Conn., Md., Calif, Ky., Va, Mass. 
Redemption: 105 to Dec. 1, 1926, then %% less for each suc- 
ceeding year. 
Trustee: Equitable Trust Company of New York. 
Appraised: 
Albert B. Ashforth, Inec.... 
Pease & Elliman...... 
Assessed 1930: 
Land .......... $ 8,500,000 
Land and building .............oc0vevea... 17,200,000 
Security: 45,000 sq. {eet in fee, and 10,000 sq. feet in leasehold, 
in the plot of ground on the east side of Fifth Avenue 
between 58th and 59th Streets, across from Central Park— 
55,000 sq. feet in all, and the new 29-story Savoy-Plaza 
Hotel erected thereon, fronting 200 feet on Fifth Avenue, 
150 feet on 58th Street and 150 feet on 59th Street—the 
hotel contains 982 guest rooms. 
The Savoy-Plaza Corporation is controlled through stock 
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