St. Paul daily globe., 1888-10-31
Another Large Financial Cor
poration Will Formally
Begin Business in st.
Paul To-MorrOW.
A Brief History of the Lom-
bard Investment Com
pany,
Whose Financial Agencies
Are Scattered Throughout
the West.
st. Paul the Latest City to
Attract These Known
FinaneiepS.

sThe securities of st. Paul and Min.
neapolis are A IL said w. E. SwentZel,
assistant general manager of the Lom'
bard Investment company, to GLOBE
representative yesterday morning; land
they are eagerly sought after by Eastern
capitalists. Recognizing this fact, our
company has located st. Paul office
here in your GLOBE building, which
will be formally opened for business
Nov. l."
Every GLOBE reader who is in any
way interested in the affairs OF the
financial world need not be told who or
what the Lombard Investment
company is. TO those residents
of st. Paul, Minneapolis and
the Northwest generally whose
occupations are in other lines of busi-
ness, and who. in succeeding years, are
| bound TO come in close contact with
this gigantic financial corporation. the
GLOBE will give brief outline of their
history, financial standing and methods
of doing business.
The Lombards might be appropriately
termed The RothSchildS of America. :"
Their financial career in the West COM
menced away back i'm the pioneer days
of Illinois. and since that time has
grown with the development of the
West, until to-day the name itself is
synonymous with financial success. The
different members of the firm are inter
eSted in more than 100 banks and solid
financial institutions throughout the
West, and many now prosperous busi-
ness man owes his start i'll life to assOcia-
tiOn with these financierS or assistance
received directly from them
The American headquarters is in the
Sears building. Boston, while the
Western headquarters office occupies
two floors of the immense Board of
Trade building in Kansas City, where
force of seYenty-tive clerks are EN-
ployed, and from which nine branch
offices throughout the West do busi-
ness. Each Office is independent of the
main Office, however, to the extent that
each is supplied with examiners, attor-
neyS, ETC., so that all applications for
loans are acted upon Oh the ground and
the money supplied Immediately at the
office to which the application is made,
though all make daily, weekly and
monthly reports to the Kansas City
Office, which, in turn, works in a similar
manner with the American headquar-
terS office in Boston. The paid-up cap
,ital and surplus of the company is
81 100000, and the annual business
transacted in 1887 was little over Sl0,-
/ 100000. The Lombard company is the
american financial agent OF two OF the
large European financial corporations
/ the Edinburgh Lombard Investment
company. of Edinburgh, Scotland, and
the AnglO-American Land company of
, London, England, both limited corpora
tiOns.
The Western business of the company
covers all the territory tributary to
Kansas City on the southwest, Port
land. Or, on the northwest and ST.
! Paul and Minneapolis on the north.
The location Of the st. Paul office in the
l GLOBE building was to meet the re-
quirements of the business OF this last
named territory. The Office is in charge
of Mr. Ii. j. deuel., the former man-
ager of the branch Office ut Larned.
Kan, and man thoroughly familiar
with every detail of the loan business.
His efforts will be ably supplement-
ed by an efficient corps of assistants,
examiners, an attorney and counselor.
The business done from the st. Paul
office will comprise loans on st. Paul
and Minneapolis realty and Minnesota
and Western Wisconsin farm lands. 1t
is corporations such as this one that
the GLOBE is pleased to welcome to st.
Paul, and feels sure that their success
here will be assured and rapid as it has
been in any other city where they are
doing business.