REAL ESTA 
BENJAMIN FRANKLIN HOTEL, Seattle, Washington 
97-YEAR LEASEHOLD FIRST MORTGAGE 6v%.% GOLD BONDS 
Authorized & Outstanding..........$550,000 Interest Payable: June and Dec. 1. 
Due: Serially, 1931-41. Interest and Principal Payable: At 
Property: 1l4-story fireproof hotel ihe iis of 'W. D, Comer & C5, Se- 
puilding with 335 rooms and 6 store Trustee: W. D. Comer. 
loactions and leasehold on land 120 by co. 
LU8 feet. Registerable: As to principal only. 
Location: Southeast corner Fifth Denominations: $100, $500, $1,000. 
Ave. and Virginia St., Seattle, Wash. Callable: On any interest date at 
security: First mortgage on 97-year 02 and interest 
jeasehold interest on land 120x108 feet, Sinking Fund: One-twelfth of the 
the building, equipment, an equity in vear's requirements for interest and 
the furniture, as well as a first lien redemption is set aside each month. 
upon the income. Tax Status: 29% Federal income tax 
8 paid by the borrower. 
Mortgagor: Gardner J. Gwinn and 
wife. 
Offered by: W. D. Comer & Co.. Se- 
attle, Wash., at 100. 
Maturities: Dec. 1 each year; $12,000, 
1931; $14,000, 1932; $18,000, 1933; $22,- 
000, 1934; $27,000, 1935; $30,000, 1936; 
$32,000, 1937; $36,000, 1938; $38,000, 
1939: $40.000. 1940: $281.000, 1941 
BERGONIAN HOTEL, Seattle, Washington 
FIRST MORTGAGE LEASEHOLD 6v%49% GOLD BONDS 
350,000 1930, $12,000; 1931, $15,000; 1932, $18,- 
a 12,000 000; 1933, $18,000; 1934, $287,000. 
Dutstanding, June 30, 1930............$338,000 Interest Payable: Mar. and Nov. 1. 
Dated: March 1, 1927. Interest & Principal Payable: At 
Due: Serially, 1930-1934. trustee's office. 
Property: 12-story modern Class A Trustee: Seattle Trust Co. 
fireproof hotel building faced with Denominations: $100, $250, $500 and 
brick and trimmed with terra cotta, $1,000. 
having 231 rooms. Seven stores facing Sinking Fund: Annual requirements 
nn 4th Ave. and Olive St. for ground rent, taxes, assessments, 
Location: Lot corner, Fourth Ave, insurance, interest and principal paid 
and Olive St, 770x108 feet, under lease monthly to trustee. 
for 99 years. Tax Status: Interest payable without 
Security: Direct obligation of Ste- deduction for Federal income tax not 
phen Berg secured by first (closed) in excess of 29%. 
mortgage on leasehold and building. Offered by: Seattle Trust Co. in 
Maturities: Mar. 1 of each vear: 1927 at 100 
BILLINGS POLYTECHNIC INSTITUTE, Billings, Montana 
FIRST MORTGAGE 6% % SERIAL GOLD BONDS 
Authorized ...... een $3135,000 kane, Wash. or at the office of trus- 
Retired ......._. 20,000 tee. 
— Principal Payable: At Montana Na- 
NDutstanding, June 1, 1930............5115,000 tional ink of Billings. 
Dated: Nov. 1, 1925. Trustee: Montana National Bank of 
Due: Serially, 1927-35. Billings, Montana. 
Property: 175 acres of irrigated land. Denominations: $1,000 and $500. 
All of the buildings of the Billings Callable: In reverse order on any 
Polytechnic Institute. ntavest date in any smount at $102. 
Location: Just outside of the citv 
»f Billings, Mont. 
Security: Direct obligation of the 
Billings Polytechnic Institute and of 
Messrs. E. T. and L. T. Eaton. The 
honds are a first mortgage on all the 
buildings of the institute. 
Sinking Fund: A first charge against 
1ll dormitory rentals and tuitions. This 
‘und must be sufficient for. .two advance 
nterest and principal payments. If 
not sufficient, then the fund becomes 
1 first charge on all incomes of the 
nstitution. 
Tax Status: Normal Federal income 
‘aX up to 29% paid by mortgagor. 
Mortgagor: Billings Polytechnic In- 
stitute. 
Offered by: Murphey, Favre & Co.. 
Ipokane. Wash... Nov. 1925. at 100 
Maturities: On May and Nov. 1 of 
»ach year; $2,500, 1927-1929, incl.; $5,000 
1930-1935, at which time the remain- 
ng $65,000 becomes due. . 
Interest Payable: May and Nov. 1, 
at office of Murphey. Favre & Co.. Spo-