Maturities: 1928 to 1939. 
Interest: May and November 1st. 
Taxes: 2% Federal, any State tax up to 5 mills, and Mass. 6%. 
Redemption: 103. 
Trustee: Chase National Bank of New York. 
Legal for Trust Funds in New York. 
Appraised: Land and building by Douglas L. Elliman & Co, 
Inc, $5,560,000. 
Assessed 1930: $3,750,000. 
Security: Fee estate in land at the northwest corner of Park 
Avenue and 56th Street, 67 x 185—15,277 square feet, and 
the 20-story hotel and apartment building erected thereon, 
completed March 1. 1927. 
Earnings: 
January 1, 1929, to November 1, 1929—gross 
INCOME +viviivivarnnreesnisionnneannenees 
Expenses, operating, taxes, insurance...... 
$753,474.04 
296,099.16 
457,374.88 
184,770 
94 
Net ........ 
Interest charges on bonds......... 
Times earned ..... 
Hotel Pierre 
{New York City) 
First Mortgage Leasehold 1949 Sinking Fund 6%% Bonds. 
Amount: $6,500,000. 
Dated: April 1, 1929. 
Maturity: April 1, 1949, 
Interest: April and October 1st. 
Denominations: $1,000 and $500. 
Taxes: 2% Federal—Minn,, Montana, Penn,, Conn., Vt.:, Calif., 
Okla, Maryland, West Va, D. C,, Mich, Colo, Kas, Ky, 
Wyoming, Nebraska, Virginia, Iowa, New Hampshire, Mass. 
Redemption: For sinking Fund 101—otherwise 103. 
Trustee: Straus National Bank and Trust Company. 
Appraised: 
Pease & Elliman, Inc......... teen. $11,000,000 
Cushman & Wakefield, Inc........ = ...... 11,060,000 
Assessed 1930: Land, $2,800,000; building not completed. 
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