Principal $150,000.00	Maturity: 5/1/1999		Call: AFS
Account: 1701484046		Officer: 85607
Borrower:  The Coeur d'Alenes Company and Union Iron Works, 
Inc of Spokane, Washington.  PO Box 2610   Spokane WA  99220

Lender: BANK OF AMERICA NT&SA D/B/A SEAFIRST BANK
EASTERN DIVISION TEAM #1
C/O CLSC-E (DOC'S)
P.O. BOX 1446 (SFC-5)
SPOKANE, WA 99210-1630

Principal Amount: $150,000.00	0.500% Over the Index 	
Date of Note: April 14, 1998
PROMISE TO PAY.  THE COEUR D'ALENES COMPANY AND UNION IRON 
WORKS, INC OF SPOKANE, WASHINGTON ("Borrower") promises to 
pay to BANK OF AMERICA NT&SA D/B/A SEAFIRST BANK ("Lender"), 
or order, in lawful money of the United States of America, 
the principal amount of One Hundred Fifty Thousand & 00/100 
Dollars ($150,000.00) or so much as may be outstanding, 
together with interest on the unpaid outstanding principal 
balance until paid in full.

PAYMENT.  Borrower will pay this loan in one payment of all 
outstanding principal plus all accrued unpaid interest on 
May 1,, 1999.  In addition, Borrower will pay regular 
monthly payments of accrued unpaid interest beginning June 
1, 1998, and all subsequent interest payments are due on the 
same day of each month after that.  Interest on this Note is 
computed on a 365/360 simple interest basis; that is, by 
applying the ratio of the annual interest rate over a year 
of 360 days, multiplied by the outstanding principal 
balance, multiplied by the actual number of days the 
principal balance is outstanding.  Borrower will pay Lender 
at Lender's address shown above or at such other place as 
Lender may designate in writing.  Unless otherwise agreed or 
required by applicable law, payments will be applied first 
to accrued unpaid interest, then to principal, and any 
remaining amount to any unpaid collection costs and late 
charges.
VARIABLE INTEREST RATE.  The interest rate on this Note is 
subject to change from time to time based on changes in an 
index which is the Lender's publicly announced Reference 
Rate (the "Index").  The interest rate change will not occur 
more often than each day the Reference Rate changes.  Lender 
will tell Borrower the current Index rate upon Borrower's 
request.  Borrower understands that Lender may make loans 
based on other rates as well.  The interest rate change will 
not occur more often than each day.  The interest rate to be 
applied to the unpaid principal balance of this Note will be 
at a rate of 0.500 percentage points over the Index.  
NOTICE: Under no circumstances will the interest rate on 
this Note be more than the maximum rate allowed by 
applicable law.
PREPAYMENT FEE.  Borrower agrees that all loan fees and 
other prepaid finance charges are earned fully as of the 
date of the loan and will not be subject to refund upon 
early payment (whether voluntary or as a result of default), 
except as otherwise required by law.  Early payments will 
not, unless agreed to by Lender in writing, relieve Borrower 
of Borrower's obligation to continue to make payments under 
the payment schedule.  Rather, they will reduce the 
principal balance due and may result in Borrower's making 
fewer payments.
LATE CHARGE.  If a payment is 10 days or more late, Borrower 
will be charged 5.000% of the regularly scheduled payment or 
$20.00, whichever is greater.
DEFAULT.  Borrower will be in default if any of the 
following happens: (a) Borrower fails to make any payment 
when due. (b) Borrower breaks any promise Borrower has made 
to Lender, or Borrower fails to comply with or to perform 
when due any other term, obligation, covenant, or condition 
contained in this Note or any agreement related to this 
Note, or in any other agreement or loan Borrower has with 
Lender. (c) Any representation or statement made or 
furnished to Lender by Borrower or on Borrower's behalf is 
false or misleading in any material respect either now or at 
the time made or furnished. (d) Borrower becomes insolvent, 
a receiver is appointed for any part of Borrower's property, 
Borrower makes an assignment for the benefit of creditors, 
or any proceeding is commenced either by Borrower or against 
Borrower under any bankruptcy or insolvency laws. (e) Any 
creditor tries to take any of Borrower's property on or in 
which Lender has a lien or security interest.  This includes 
a garnishment of any of Borrower's accounts with Lender. (f) 
Any guarantor dies or any of the other events described in 
this default section occurs with respect to any guarantor of 
this Note. (g) A material adverse change occurs in 
Borrower's financial condition, or Lender believes the 
prospect of payment or performance of the Indebtedness is 
impaired. (h) Lender in good faith deems itself insecure.

LENDER'S RIGHTS.  Upon default, Lender may declare 
the entire unpaid principal balance on this Note 
and all accrued unpaid interest immediately due, 
without notice, and then Borrower will pay that 
amount.  Upon default, including failure to pay 
upon final maturity, Lender, at its option, may 
also, if permitted under applicable law, do one or 
both of the following: (a) increase the variable 
interest rate on this Note to 2.500 percentage 
points over the Index, and (b) add any unpaid 
accrued interest to principal and such sum will 
bear interest therefrom until paid at the rate 
provided in this Note (including any increased 
rate).  The interest rate will not exceed the 
maximum rate permitted by applicable law.  Lender 
may hire or pay someone else to help collect this 
Note if Borrower does not pay.  Borrower also will 
pay Lender that amount.  This includes, subject to 
any limits under applicable law, Lender's 
attorneys' fees and Lender's legal expenses 
whether or not there is a lawsuit, including 
attorneys' fees and legal expenses for bankruptcy 
proceedings (including efforts to modify or vacate 
any automatic stay or injunction), appeals, and 
any anticipated post-judgment collection services.  
If not prohibited by applicable law, Borrower also 
will pay any court costs, in addition to all other 
sums provided by law.  This Note has been 
delivered to Lender and accepted by Lender in the 
State of Washington.  If there is a lawsuit, 
Borrower agrees upon Lender's request to submit to 
the jurisdiction of the courts situated in Spokane 
County, the State of Washington.  This Note shall 
be governed by and construed in accordance with 
the laws of the State of Washington.

LINE OF CREDIT.  This Note evidences a straight 
line of credit.  Once the total amount of 
principal has been advanced, Borrower is not 
entitled to further loan advances.  Advances under 
this Note, as well as directions for payment from 
Borrower's accounts, may be requested orally or in 
writing by Borrower or by an authorized person.  
Lender may, but need not, require that all oral 
requests be confirmed in writing.  The following 
party or parties are authorized to request 
advances under the line of credit until Lender 
receives from Borrower at Lender's address shown 
above written notice of revocation of their 
authority: JIMMIE T G COULSON and MARILYN 
SCHROEDER.  Borrower agrees to be liable for all 
sums either: (a) advanced in accordance with the 
instructions of an authorized person or (b) 
credited to any of Borrower's accounts with 
Lender.  The unpaid principal balance owing on 
this Note at any time may be evidenced by 
endorsements on this Note or by Lender's internal 
records, including daily computer print-outs.  
Lender will have no obligation to advance funds 
under this Note it: (a) Borrower or any guarantor 
is in default under the terms of this Note or any 
agreement that Borrower or any guarantor has with 
Lender, including any agreement made in connection 
with the signing of this Note; (b) Borrower or any 
guarantor ceases doing business or is insolvent; 
(c) any guarantor seeks, claims or otherwise 
attempts to limit, modify or revoke such 
guarantor's guarantee of this Note or any other 
loan with Lender; (d) Borrower has applied funds 
provided pursuant to this Note for purposes other 
than those authorized by Lender; or (e) Lender in 
good faith deems itself insecure under this Note 
or any other agreement between Lender and 
Borrower.

STATUTE OF FRAUDS PROVISION.  ORAL AGREEMENTS OR 
ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR 
TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE 
NOT ENFORCEABLE UNDER WASHINGTON LAW.

 
GENERAL PROVISIONS.  Lender may delay or forgo 
enforcing any of its rights or remedies under this 
Note without losing them.  Borrower and any other 
person who signs, guarantees or endorses this 
Note, to the extent allowed by law, waive 
presentment, demand for payment, protest and 
notice of dishonor.  Upon any change in the terms 
of this Note, and unless otherwise expressly 
stated in writing, no party who signs this Note, 
whether as maker, guarantor, accommodation maker 
or endorser, shall be released from liability.  
All such parties agree that Lender may renew, 
extend (repeatedly and for any length of time) or 
modify this loan, with the consent of Borrower, or 
release any party or guarantor; or impair, fail to 
realize upon or perfect Lender's security interest 
in the collateral; and take any other action 
deemed necessary by Lender without the consent of 
or notice to anyone.  The obligations under this 
Note or any other agreement between Lender and 
Borrower are joint and several.

PRIOR TO SIGNING THIS NOTE, BORROWER READ AND 
UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE, 
INCLUDING THE VARIABLE INTEREST RATE PROVISIONS.  
BORROWER AGREES TO THE TERMS OF THE NOTE AND 
ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THE 
NOTE.

BORROWER:

THE COEUR D'ALENES COMPANY AND UNION IRON WORKS, 
INC OF SPOKANE, WASHINGTON


B
y
:
/S/ Marilyn 
Schroeder,Treasurer, CFO
  THE COEUR D'ALENES COMPANY BY MARILYN A. 
SCHROEDER, TREASURER/CFO
BY: /S/ Marilyn Schroeder Treasurer, CFO

UNION IRON WORKS, INC OF SPOKANE, WASHINGTON BY 
MARILYN A. SCHROEDER, TREASURER/CFO

Variable Rate.  Line of Credit.	LASER PRO, Reg.  U.S. Pat. & T.M. Off., Ver. 
3.23 (c) 1997 CFI ProServices, Inc.  All rights reserved. [WA-D20 GLO321 CO.LN 
G2.OVL]

Principal: $250,000.00	Loan Date:	Maturity 5-1-2005
Loan No.: 18/59	Call: AFS		Account: 17001484046
Officer: 85607	
Borrower: THE COEUR D'ALENES COMPANY AND UNION
IRON WORKS, INC OF SPOKANE, WASHINGTON
PO Box 2610	Spokane WA  99220-2610
Lender:	BANK OF AMERICA NT&SA D/B/A SEAFIRST 
BANK   EASTERN DIVISION TEAM #1
C/O CLSC-E (DOC'S)
P.O. BOX 1446 (SFC-5)
SPOKANE, WA 99210-1630

Principal Amount: $250000.00	Interest Rate:  8.625%	
Date of Note: June  2, 1998

PROMISE TO PAY.  THE COEUR D'ALENES COMPANY AND 
UNION IRON WORKS, INC OF SPOKANE, WASHINGTON 
("Borrower") promises to pay to BANK OF AMERICA 
NT&SA D/B/A SEAFIRST BANK ("Lender"), or order, in 
lawful money of the United States of America, the 
principal amount of Two Hundred Fifty Thousand & 
00/100 Dollars ($250,000.00) or so much as may be 
outstanding, together with interest at the rate of 
8.625% per annum on the unpaid outstanding 
principal balance until paid in full.

PAYMENT.  Borrower will pay this loan in in 84 
payments of $3,990.10 each payment.  Borrowers 
first payment is due July 1, 1998 and all 
subsequent payments are dueon the same day of each 
month after that.  Borrower's final payment will 
be due on June 1, 2005, and will be for all 
principal and all accrued interest not yet paid.  
Payments include principal and interest. Interest 
on this Note is computed on a 365/360 simple 
interest basis; that is, by applying the ratio of 
the annual interest rate over a year of 360 days, 
multiplied by the outstanding principal balance, 
multiplied by the actual number of days the 
principal balance is outstanding.  Borrower will 
pay Lender at Lender's address shown above or at 
such other place as Lender may designate in 
writing.  Unless otherwise agreed or required by 
applicable law, payments will be applied first to 
accrued unpaid interest, then to principal, and 
any remaining amount to any unpaid collection 
costs and late charges.

AUTOMATIC PAYMENTS.  Borrower hereby authorizes 
Lender to automatically deduct from Borrower's 
checking/savings account number 68351519, or such 
other Seafirst account as may be authorized in the 
future, the loan payment according to the amount 
and terms of this Note.  If the funds in the 
account are insufficient to cover any payment, 
Lender shall not be obligated to advance funds to 
cover the payment.  At any time and for any 
reasons, Borrower or Lender may voluntarily 
terminate Automatic Payments.  Our business days 
are Monday through Friday.  Payments that come due 
on a Saturday, Sunday or legal bank holiday, will 
be deducted on the following business day.

PREPAYMENT FEE.  Upon prepayment of this Note, 
Lender is entitled to the following prepayment 
fee:  See Attached Exhibit "A".   Early payments 
will not, unless agreed to by Lender in writing, 
relieve Borrower of Borrower's obligation to 
continue to make payments under the payment 
schedule.  Rather, they will reduce the principal 
balance due and may result in Borrower's making 
fewer payments.

LATE CHARGE.  If a payment is 10 days or more 
late, Borrower will be charged 5.000% of the 
regularly scheduled payment or $20.00, whichever 
is greater.

DEFAULT.  Borrower will be in default if any of 
the following happens: (a) Borrower fails to make 
any payment when due. (b) Borrower breaks any 
promise Borrower has made to Lender, or Borrower 
fails to comply with or to perform when due any 
other term, obligation, covenant, or condition 
contained in this Note or any agreement related to 
this Note, or in any other agreement or loan 
Borrower has with Lender. (c) Any representation 
or statement made or furnished to Lender by 
Borrower or on Borrower's behalf is false or 
misleading in any material respect either now or 
at the time made or furnished. (d) Borrower 
becomes insolvent, a receiver is appointed for any 
part of Borrower's property, Borrower makes an 
assignment for the benefit of creditors, or any 
proceeding is commenced either by Borrower or 
against Borrower under any bankruptcy or 
insolvency laws. (e) Any creditor tries to take 
any of Borrower's property on or in which Lender 
has a lien or security interest.  This includes a 
garnishment of any of Borrower's accounts with 
Lender. (f) Any guarantor dies or any of the other 
events described in this default section occurs 
with respect to any guarantor of this Note. (g) A 
material adverse change occurs in Borrower's 
financial condition, or Lender believes the 
prospect of payment or performance of the 
Indebtedness is impaired. (h) Lender in good faith 
deems itself insecure.

LENDER'S RIGHTS.  Upon default, Lender may declare 
the entire unpaid principal balance on this Note 
and all accrued unpaid interest immediately due, 
without notice, and then Borrower will pay that 
amount.  Upon default, including failure to pay 
upon final maturity, Lender, at its option, may 
also, if permitted under applicable law, do one or 
both of the following: (a) increase the variable 
interest rate on this Note to 2.325 percentage 
points over the Index, and (b) add any unpaid 
accrued interest to principal and such sum will 
bear interest therefrom until paid at the rate 
provided in this Note (including any increased 
rate).  The interest rate will not exceed the 
maximum rate permitted by applicable law.  Lender 
may hire or pay someone else to help collect this 
Note if Borrower does not pay.  Borrower also will 
pay Lender that amount.  This includes, subject to 
any limits under applicable law, Lender's 
attorneys' fees and Lender's legal expenses 
whether or not there is a lawsuit, including 
attorneys' fees and legal expenses for bankruptcy 
proceedings (including efforts to modify or vacate 
any automatic stay or injunction), appeals, and 
any anticipated post-judgment collection services.  
If not prohibited by applicable law, Borrower also 
will pay any court costs, in addition to all other 
sums provided by law.  This Note has been 
delivered to Lender and accepted by Lender in the 
State of Washington.  If there is a lawsuit, 
Borrower agrees upon Lender's request to submit to 
the jurisdiction of the courts situated in Spokane 
County, the State of Washington.  This Note shall 
be governed by and construed in accordance with 
the laws of the State of Washington.

STATUTE OF FRAUDS PROVISION.  ORAL AGREEMENTS OR 
ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR 
TO FORBEAR
FROM ENFORCING REPAYMENT OF A DEBT ARE NOT 
ENFORCEABLE UNDER WASHINGTON LAW.

GENERAL PROVISIONS.  Lender may delay or forgo 
enforcing any of its rights or remedies under this 
Note without losing them.  Borrower and any other 
person who signs, guarantees or endorses this 
Note, to the extent allowed by law, waive 
presentment, demand for payment, protest and 
notice of dishonor.  Upon any change in the terms 
of this Note, and unless otherwise expressly 
stated in writing, no party who signs this Note, 
whether as maker, guarantor, accommodation maker 
or endorser, shall be released from liability.  
All such parties agree that Lender may renew, 
extend (repeatedly and for any length of time) or 
modify this loan, with the consent of Borrower, or 
release any party or guarantor; or impair, fail to 
realize upon or perfect Lender's security interest 
in the collateral; and take any other action 
deemed necessary by Lender without the consent of 
or notice to anyone.  The obligations under this 
Note are joint and several.

PRIOR TO SIGNING THIS NOTE, BORROWER READ AND 
UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE, 
INCLUDING THE VARIABLE INTEREST RATE PROVISIONS.  
BORROWER AGREES TO THE TERMS OF THE NOTE AND 
ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THE 
NOTE.
BORROWER:
THE COEUR D'ALENES COMPANY AND UNION IRON WORKS, 
INC OF SPOKANE, WASHINGTON
BY: /S/ Marilyn Schroeder,Treasurer, CFO
THE COEUR D'ALENES COMPANY 
BY MARILYN A. SCHROEDER, TREASURER/CFO
BY:/S/ Marilyn Schroeder Treasurer, CFO
UNION IRON WORKS, INC OF SPOKANE, WASHINGTON BY 
MARILYN A. SCHROEDER, TREASURER/CFO

EXHIBIT A
PREPAYMENT FEES
If the principal balance of this note is prepaid 
in whole or in part, whether by voluntary 
prepayment, operation of law, acceleration or 
otherwise, a prepayment fee, in addition to any 
interest earned, will be immediately payable to 
the holder of this note.
The amount of the prepayment fee depends of the 
following:
1. The amount by which interest reference rates 
as defined below have changed between the 
time the loan is prepaid and either a) the 
time the loan was made for fixed rate loans 
or b) the time the interest rate last changed 
(repriced) for variable rate loans.
2. A prepayment fee factor (see "Prepayment Fee 
Factor Schedule" on reverse).
3. The amount of principal prepaid.
If the proceeds from a CD or time deposit pledged 
to secure the loan are used to prepay the loan 
resulting in payment of an early withdrawal 
penalty for the CD, a prepayment fee will not also 
be charged under the loan.

DEFINITION OF REFERENCE RATE FOR VARIABLE RATE 
LOANS
The Reference Rate used to represent interest rate 
levels for variable rate loans shall be the index 
rate used to determine the rate of this loan 
having maturities equivalent to the remaining 
period to interest rate change date (repricing) of 
this loan rounded upward to nearest month.  The 
"Initial Reference Rate" shall be the Reference 
Rate at time of last repricing and a new Initial 
Reference Rate shall be assigned at each 
subsequent repricing.  The "Final Reference Rate" 
shall be the Reference Rate at time of prepayment.
DEFINITION OF REFERENCE RATE FOR FIXED RATE LOANS
The "Reference Rate" used to represent interest 
rate levels on fixed rate loans shall be the bond 
equivalent yield of the average U.S. Treasury rate 
having maturities equivalent to the remaining 
period to maturity of this loan rounded upward to 
the nearest month.  The "Initial Reference Rate" 
shall be the Reference Rate at the time the loan 
was made.  The "Final Reference Rate" shall be the 
Reference Rate at time of prepayment.
The Reference Rate shall be interpolated from the 
Federal Reserve Statistical Release (Publication 
H.15) as displayed on Page 119 of the Dow Jones 
Telerate Service (or such other page or service as 
may replace that page or service for the purpose 
of displaying rates comparable to said U.S. 
Treasury rates) on the day the loan was made 
(Initial Reference Rate) or the day of prepayment 
(Final Reference Rate).
An initial reference rate of 5.72% has been 
assigned to this loan to represent interest rate 
levels at origination.
CALCULATION OF PREPAYMENT FEE
If the Initial Reference Rate is less than or 
equal to the Final Reference Rate, there is no 
prepayment fee.
If the Initial Reference Rate is greater than the 
Final Reference Rate, the prepayment fee shall be 
equal to the difference between the Initial and 
Final Reference Rates (expressed as a decimal), 
multiplied by the appropriate factor from the 
Prepayment Fee Factor Schedule, multiplied by the 
principal amount of the loan being prepaid.

The Coeur d'Alenes Company and Union Iron Works, 
Inc of Spokane Washington
By: Marilyn Schroeder, Treasurer
The Coeur d'Alenes Company
By: Marilyn Schroeder, Treasurer
	PROMISSORY NOTE	Page 2