SEAFIRST BANK
PROMISSORY NOTE
PRINCIPAL:	$1,850,000.00
MATURITY:	04-01-1998
LOAN NO:	18/59
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  99220-2610
LENDER:	BANK OF AMERICA NT&SA D/B/A/SEAFIRST BANK EASTERN 
DIVISION TEAM 1
		C/0 CLSC-E(DOC'S)
		PO BOX 1446 (SFC-5) SPOKANE, WASHINGTON  99210-
1630
Principal Amount: $250,000.00	0.500% Over the Index 	Date 
of Note: March 24, 1997
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 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 
April 1, 1998.  In addition, Borrower will pay regular 
monthly payments of accrued unpaid interest beginning May 
1, 1997, 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 King 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.
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/ Jimmie T G Coulson, President, CEO
THE COEUR D'ALENES COMPANY BY JIMMIE T G COULSON, 
PRESIDENT/CEO
By:	/S/ Jimmie T G Coulson, President, CEO
UNION IRON WORKS, INC OF SPOKANE, WASHINGTON BY JIMMIE T G 
COULSON, PRESIDENT/CEO


SEAFIRST BANK
PROMISSORY NOTE
PRINCIPAL:	$250,000.00
MATURITY:	04-01-1998
LOAN NO:	18/59
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  99220-2610
LENDER:	BANK OF AMERICA NT&SA D/B/A/SEAFIRST BANK EASTERN 
		DIVISION TEAM 1
		C/0 CLSC-E(DOC'S)
		PO BOX 1446 (SFC-5) SPOKANE, WASHINGTON  
		99210-1630
Principal Amount: $250,000.00		0.500% Over the Index 	
	Date of Note: March 24, 1997
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 Million Eight 
Hundred Fifty Thousand & 00/100 Dollars ($1,850,000.00) 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 
April 1, 1998.  In addition, Borrower will pay regular 
monthly payments of accrued unpaid interest beginning April 
1, 1997, 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.
AUTOMATIC PAYMENTS.  Borrower hereby authorizes Lender to 
automatically deduct from Borrower's checking/savings 
account number 68351402, 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.
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 0.325 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 2.325 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 King 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 revolving line of 
credit.  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 if: (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.
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/ Jimmie T G Coulson, President, CEO
THE COEUR D'ALENES COMPANY BY JIMMIE T G COULSON, 
PRESIDENT/CEO
By:	/S/ Jimmie T G Coulson, President, CEO
UNION IRON WORKS, INC OF SPOKANE, WASHINGTON BY JIMMIE T G 
COULSON, PRESIDENT/CEO