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Show 'MORTGAGE WILL , PLASTER TALLEST ; OFFICE BUILDING NEW YORK, June 23. For 1 the first timo since its erection a decade ago the Woolworth ! building tallest office struc-1 i ture in the world is to be en- j j cumbered by a mortgage. ' It was announced today that , heirs of the late F. W. Wool- , worth, founder of a chain of 5 and 10-cent stores, had arranged to borrow" S3.000.000 on the structure to provide ready funds to meet state and federal inheritance taxes which total S8.000.000. ' The Woolworth building, 729 I feet high and covering nearly an acre of laud in lower Broad-1 way, returns an annual income of $1,550,000 and is valued by ' federal experts at $10,000,000. ! |