REAL EST

19

Registerable: As to principal.
Denominations: Coupon bonds of
$31,000 and $500; $100 in last maturity
only.
Callnble: At 102 and interest for the
first 5 years and at 101 thereafter.
Sinking Fund: Monthly deposits
made with trustee.

Tax Status: TU. S. income tax 29%,
Calif. personal property tax paid by
mortgagor.
Mortgagor. Claremont, Inc., Leo C.
© var, President.
oop Dy S. W. Straus & Co., Aug.
230.

9. .,

COCHRANE SOUTHERN LOGGING RAILWAY, Tillamook, Oregon
FIRST MORTGAGE 7% TWENTY-YEAR GOLD BONDS
Authorized & Outstanding. ........$500,000 Interest Payable: May 1 and Nov. 1,
Dated: Nov. 1, 1924. at trustee's office.
’ Trustee: - st & Savings
Matures: Nov. 1, 1944. no Dstee Portland Trust & Savings
Property: Railroad property in Ore- Denominations: $500, $1,000.
gon. Callable: At 105.
Location: Tillamook and Washing- Tax Status: Company pays normal
ton Counties, Oregon. Federal income tax up to 29

COLUMBIA COUNTRY CLUB, Portland, Oregon
FIRST MORTGAGE AND COLLATERAL TRUST 7% GOLD BONDS
...$£150,000 Interest Payable: Jan. 1 and July 1,
46,500 at trustee's office.
- - Trustee: Portland Trust & Savings
Outstanding, May 1, 1930............. 03,500 Bank.
Dated: July 1, 1926. Denominations: $100, $500, $1,000.
. Callable: n notice.
Matures: Joly 1, 1936. Sinking Fund: Through membership
Property: Golf club house and subscriptions.
grounds, and membership notes. Tax Status: Mortgagor pays Feder-Location:
 Multnomah County. al income tax.

COLUMBIAN HOTEL, Wenatchee, Washington
7% SERIAL GOLD BONDS
*150,000 $10,000 each; 1936, $71,000.
“7.000 Interest Payable: June and Dec. 15,
-— semi-annually.
23.000 Interest & Principal Payable: At
office of Wm. P. Harper & Son, Seattle,
Wash.
Trustee: Paul C. Harper. Successor
in trust, National Bank of Commerce,
Seattle.
Registerable: Coupon bonds.
Denominations: $500 and $100.
Callable: At 102 and interest.
Sinking Fund: Rental under the
lease paid monthly to trustee onetwelfth
 of the annual principal and int.
Tax Status: 29% Federal income tax
paid by company.
Mortgagor: The Philip Miller Co.
Offered by: Wm. Harper & Son, June,
1926, at prices yielding 69% for early
maturities to 79% on last maturity

Authorized ..........
Retired ............

Outstanding, July i, 150...
Dated: June 15, 1926.
Due: Serially, 1927-1936.
Property: Lot 150 by 120 ft., containing
 4-story hotel with basement.
Entire first floor for stores with exception
 of the dining room. 156 modern
 hotel rooms.
Location: Wenatchee Ave. and Yakima
 Street, Wenatchee, Wash.
Security: First closed mortgage on
Lots 1, 2, 3, 4, 5 and 6, Block 26, of
Amended Great Northern Plat of Wenatchee.
 Total ground and building
value, $315,000.
Maturities: June 15 of each year;
1927, $3,000; 1928, $7,000; 1929, $8.000;
1930 and 1931. 289.000: 1932 to 1935 incl.

COMMUNITY HOTEL CORPORATION, Seattle, Wash.
HISTORY: Organized under laws of Washington in 1922, as a holding company,
to build the Olympic Hotel, in Seattle. More than 3.000 citizens subscribed to the
common stock and second mortgage bonds.
BUILDING: Fourteen-story class "“A'" fireproof steel and concrete structure,
occupying entire block between Fourth and Fifth Avenues and University and
Seneca Streets, (except 85x129 occupied by Metropolitan Theater). Original building
 containing 620 guest rooms opened Dec. 6. 1924 Additional 250 rooms added
in 1929.
LEASEHOLD: Ground is owned by University of Washington, of which Metropolitan
 Building Co. is lessee. Community Hotel Corp. holds sub-lease expiring
Nov. 1, 1954. Annual rental $25,000, plus incidental charges.
MANAGEMENT: Company leases hotel to Olympic Hotel Company, which is
affiliated with United Hotels Company, operators of extensive chain of hotels
over North America. Operating company pays annual rental which covers all
fixed charges, including ground rental, taxes, assessments, insurance, interest
and sinking fund requirements, and all other charges that mav be levied against
the property.
OFFICERS: A. 8 Kerry. Pres.: M. F. Backus. Vice-Pres.: A. W. Leonard Vice-