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 require
 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 succeeding
 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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