17-story store and office building thereon erected. The fee 
is owned by the New York Central interests. The earnings 
of the building since 1926 are as follows: 
Year 
1926 .. 
1927 . 
1928 .. 
1929 .. 
Net income 
$126,100 
153,448 
185,970 
172.809 
Interest 
$120,159 
117,691 
112,436 
107.205 
Times 
earned 
1.05 
1.30 
1.64 
1.61 
Hotel Victoria 
(New York City) 
First Mortgage Serial 6% Bond Certificates 
Amount: $2,250,000. 
Dated: July 1, 1928. 
Maturity: 1930 to 1943. 
Interest: January 1st and July lst. 
Denominations: $1,000, $500 and $100. 
Taxes: 2% Federal-—Any State tax up to 5 mills—Mass in- 
come 6%. 
Redemption: 103 to 1933; then 102 to 1938; then 101% to 1942; 
thereafter par. 
Trustee: Chase National Bank. 
Legal for Trust Funds in New York. 
Apprised: 
Charles F. Noyes & Co. .... 
Assessed 1930: 
Land ............. $ 700,000 
Land and building ...............covveeee. 2,025,000 
Security: Fee estate in land located at the northeast corner 
of 7th Avenue and 51st Street, New York City, 75.5 by 
123.8—and a 22-story hotel completed in 1929, 
Earnings: Building leased for 21 years to Senate Hotel Co., 
Inc., a subsidiary of Meister Builders, Inc., at a net annual 
rental of $260,000, plus operating expenses, maintenance, 
taxes, etc. Maximum interest charges, $135,000. 
The building was completed in 1929, and the operating 
company reports earnings of $400,964.44 covering the first 
year’s operations, of which $179,066.67 was paid to the 
Obligor of these bonds, and fully covered the interest and 
sinking fund charges. 
Ta