2X0 
THE WORK OF THE STOCK EXCHANGE 
NEW YO wi Tras &_ 1029 
1 7 
 ONABAYS ENA ei — reer memeefoT value received 
the wlblisignea nromise~—. to pay wo Tork Tat Co aan 
0 r, at the he office of The Blank Trust Co. New von lige £1907 
Une Logins eee dollars, with interest 
from date until payment hereof at the rate of ©@ oper cent. per annum.—.__ oo] 
having assigned and transferred, and hereby assigning and transferring, to the holder hereof for the time being, as 
collateral security for payment hereof, —as well as for the payment of any and every debt or liability of every 
name and nature, whenever contracted and whenever due. from the undersigned to such holder hereof existing while 
such holder,~the following property, hereby and herewith pledged and delivered to such holder for the time being 
rs collateral security for this and for every other such indebtedness, viz.: 
300 Cemenale etored. .. @ 76 oo .22,520:00 
100. Lam Te ier Ze 245,200.00. 
soo. Ce eee 280800. 00 
208 ! eee 24s foo 00 
20< v— m———— 22,600. 00 
i a fc eo ee 0 0 lB A 2 fe 0 em Ce Oe 
of which the presen} market value is now estimated by the undersigned to be §./29.600 and also, any and all 
property, claims and demands of every name or nature belonging to the undersigned and either directly or indirectly 
or for any purpose in possession or under control of such Holder hereof, while such holder, including a lien upon 
any balance of any deposit account of the undersigned with such holder hereof, while such holder; and the under- 
signed hereby agrees from time to time, and at any time, similarly and forthwith upon demand therefor by any such 
rolder, to pledge and to deliver hereunder any and all such additions or spbstitutions of collateral, securjty as may 
be indicated in a notice addressed to the undersigned and left ies Louth Gol BE 
On the non-performance of this promise, in whole or in part, or upon the non-paymed of any lahilty 
above mentioned, or upon failure to furnish other satisfactory securities, as and when so called for, then, and in 
every such case, at the option of such holder, this note forthwith shall become and shall he due and payable, with- 
out other demand or notice, and full power and authority are hereby given to such holder to demand payment of 
and to collect ariy promises to pay forming part of the said securities, and also full power and authority to sell, assign 
and deliver the whole of the said securities, or any part thereof, or any substitutes therefor, or any additions thereto, or 
any other securities or property either directly or indirectly given to or left in the possession of such ‘holder by the 
undersigned, at any Brokers’ Board or at public or private sale, at the option of such holder, without either demand, 
advertisement or notice of any kind, all of whic are hereby expressly waived. At any such sale at any Brokers’ 
Board, or at any public sale, such holder, on his or its own account, and without further accountability except for 
the purchase price thereof, may purchase the whole or any part of the property sold, free from any right of 
redemption on the part of the undersigned, which right is hereby waived and released. In case of sale for any 
cause, after deducting all costs or expenses of every kind for collection, sale or delivery, the holder for the time being, 
without any marshalling of securities, and in such manner or order as he or it may deem proper, may apply the residue 
of the proceeds of the sale or sales so made, in payment or in reduction of any one or more of such liabilities to 
such holder then unpaid, whether then due or not due, making proper rebate for interest on liabilities not then due, 
and returning the overplus, if any, to the undersigned who, notwithstanding any transfer, shall continue liable to the 
holder hereof for the time being for any deficiency arising upon such sale or sales. 
lier x Co 
Figure 20. Time Loan Agreement