. The Architect & engineer of California and the Pacific Coast . the rental for the space occupied in the sky-scraper. Often a bank has trouble in financing an operation of this kind,and it becomes necessary to form a holding company to carry the prop-erty. This alternative is generally far from advantageous. An organization known as the Bankers Lease Company has beenformed recently in the East that is furthering a feasible plan for financingbank buildings. Through this organization a bank may secure any site itdesires, have a modern building erected to suit its growing requirementsfor years t
. The Architect & engineer of California and the Pacific Coast . the rental for the space occupied in the sky-scraper. Often a bank has trouble in financing an operation of this kind,and it becomes necessary to form a holding company to carry the prop-erty. This alternative is generally far from advantageous. An organization known as the Bankers Lease Company has beenformed recently in the East that is furthering a feasible plan for financingbank buildings. Through this organization a bank may secure any site itdesires, have a modern building erected to suit its growing requirementsfor years to come, and all without putting any of its own cajjital intothe project. Under this lease arrangement the rentals paid during theterm of the lease convey to the bank the title to the property, free andclear, at the expiration of the lease. In other words, the bank moves intoa building put up to meet its special needs, pays a fair rental for a stipu-lated term of years and becomes the owner of the property at the endof that time. 54 The Architect and Ens-ineer. FIRST COXGREGATIOXAL CHURCH. RIVERSIDEMYROX HUNT. ARCHITECT Thi- Ajchitcct ami liiii^incrr 55 The First Congregational Church, Riverside, andOther California Edifices Tl I 1^ ;icciini])anyinL;- ])hiit(igr;ipliic plalcs show sdiiic \cry satislactrjryexamples of ecclesiastical architecture in Southern California. Thefirst picture—the I^irst Coiig-re.^ational Church at Riverside—showsa truly ])ictures(|ue design, with tower the ])redoniinatins feature—a towerthat smacks of the New luitijland spirit combined with the traditional Cal-ifornia mission ^. The to]) of the cross on the tower is al)out 125 feetabove the ground. This cross does not show on the detail, as it was anafterthought on the part of ihe committee of the church. The design as illustrated, with slight moditications. was submitted incompetition, which resulted in the selection (jf the architects for thischurch. There were but three competitors—th
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