oming, Nebraska, Virginia, Iowa, New Hampshire, Massa- 
chusetts. 
Redemption: For release purposes 101; redemption 103. 
Trustee: Straus National Bank & Trust Company. 
Guaranteed: Unconditionally by Frederick Brown. 
Prior Deposited 
Property Liens Appraisal Equity Collateral 
480 Park Avenue, 
Manhattan ....... $4,600,000 $7,700,000 $3,100,000 $863,000 
42 Broadway ....... 5,500,000 7,500,000 2,000,060 980,000 
N. E. Cor. 5th Ave. 
and 36th St. ...... 1,472,000 3,000,000 1,528,000 818,000 
Madison Ave. and 
37th St. ... 1,455,750 3,855,750 2,400,000 1,400,000 
4.061,000 
Cw 
The Obligor deposits with the Trustee four mortgages total- 
ing $4,061,000 on land in Manhattan valued at $22,055,750 
against which there are liens prior to the deposited collateral 
amounting to $13,027,750. The president of Obligor, Frederick 
Brown, a prominent and extensive operator in Manhattan 
properties, guarantees the bonds. The properties are all well 
ocated. 
55 Fifth Avenue Building 
(New York City) 
First Mortgage 1944 Sinking Fund Gold Loan 6% 
Amount: $2,000,000; outstanding $1,778,000. 
Dated: November 1, 1924. 
Maturity: November 1, 1944. 
Interest: May and November Ist. 
Denominations: $1,000 and $500. 
Taxes: 2% Federal—Penn., Conn., Md., Mass. 
Redemption: 103 to 1934; then 102 to 1939; 101 thereafter. 
Trustee: Manufacturers Trust Co. 
Legal for investment of trust funds in New York.