Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-12-16
REALTY AND BANKING
McLACHLEN CORPORATION Sue
CEsSFUL IN BOTH LINES.
The First Real Estate Firm to Incor-
porate, It Has Found the
Plan Excellent.

Prominently identified with the real es-
tate and loan business OF Washington Is
the McLachlen Real Est ate and Loan Com
pany. This companys business was once
run under the partnership Of A. NJ. Nc
Lachlen and ]. F. Batchelder, and was es-
tabllshed in 1887.
The present company was incorporated In
November. 1891, and was the first general
real estate business in Washington. SO far
as known, to incorporate. The advantages
secured by the company through consolida-
ton were so pronounced other firms fol-
lowed its example and became corporations.
The banking feature of this company's
business was added In 1890. At first this
part Of the enterprise was run as an ad-
junct to its main business OF loans and
real estate. This feature became SO popu-
lar that It quickly outgrew it's subordinate
position. At present the banking branch
Of the company is its main feature, and is
greatly appreciated by patrons on account
of the accomm odating hours for transact
ing business. The company's doors are
opened at $50 am and close at 4:3O. with
the exception Of Saturday, when the clos
Ing Is at o'clock.
The officers Of the company at present
are: James F. Hood. president: F1rman R.
Horner. vice president; Archibald M. Nc
Lachlen. secretary and treasurer, and John
A. Massie, cashier.
The board Of directors comprise the fol-
lowing: James F. Hood Firman R. Hor
ner. Archibald NJ. McLachlen, William H.
Owen, Tarleton H. Bean, H Clarence Duff
fey and Roger W. Duffey.
The company is the agent for two OF the
largest apartment houses In the city, the
Iowa, on 18th street near Iowa circle, and
the big Mendoza, on Kalorama Heights.
Mr.. McLachlen Is the secretary Of the
Brookland Building Association. This as
ISOLATION was organized over twelve years
ago and has never sustained loss. In the
development of the beautiful suburb of
Brookland the company has been promi-
nently identified. 1t has always consulted
the best interests Of the people Of that sub
urb.
The McLachlen Real Estate and Loan
Company Is noted for its conservatism. It
gives careful and judicious consideration to
every detail of its business. The methods
of the company have been rewarded by
prosperity that is a part Of the history OF
the commercial growth OF this city.
Mr.. Archibald NJ. McLacf1len was born
in Geneseo. Livingston county. N. Y. In
been engaged In the drug business in south
western Kansas, New Mexico and Colorado.
The first office of the McLachlen company
was at 1921 F street. 1t was afterward
located at 1925 F street and later at 1918
F street. Desiring to own its own home
the company purchased the present build
ing at 10th and G streets in December. 1889.
and moved in at once.
At the time the company purchased the
business
reached G street. When the company
opened their offices there was some ad-
verse comments. as G street was in no sense
a business thoroughfare at that time. be-
ing lined with boarding houses and resi-
dences. Time has. however. demonstrat ted
the wisdom OF the company's move.
The authorized capital of the company is
$3.50 600, and 1T pays regular dividends OF 8
per cent per annum, all excess earnings
above per cent being carried to a surplus
fund. a substantial proof Of its prosperity.