The Washington times., 1925-04-08
E|RN HAS MADE
FINANCIAL
HISTORY
SwartzeII, Rheem e Hensey
Co. identified With city's
Growth IS Years
BY RICHARD HATTON.

BY RICHARD HATTON.
Closely connected with the devel.
opnent OF the National Capital for
nell, Rheen q Hensey Company,
sr now completed its fifty
sixth year as constructive factor
In the business life OF the city IN
the first mortgage investment field.
The history OF this business or
ganization parallels in its expand-
tne service the growth Of the city
In which 1T has exerted q potent
influence over half century.
The inception Of the present or
ganization Of Swartzell, Rheern &
Herisey was in q partnership
formed during the first year OF
President Grants administration
between Brainard II. Warner and
Joshua Whitney. which later be-
came the b. n. Warmer, Company.
Associated with Mr. Warner, at
this time. were George w. r.
SWartzeli and Clarence b. Rheem.
Alta slightly later period, Alex
alder 7. Hensey became connected
With the organization.
IN 1902 Mr.. Warner retired from
the business and the company was
reorganized with Mr.. Swas zell as
president. Mr. RhseIn as vice
president and Mr.. Hensey as secre-
taEg In 1904 the charter Of the
company was amended, changing
the name OF the organization to
Sw8rtzell. Rheem q Hensey. Com
pAny.
No. Client Ever Lost.
throughout its long career az
ono OF the outstanding investment
houses OF Washington. 1t is q
matter Of much pride with the
company that no investor through
EW6rtzells Rheein q Hensey Com
pany has ever suffered the loss OF
. single dollar IN principal or In
teerst on first mortgages which
the company has negotiated.
Expanding business OF the COM
pany demanding more adequate
quarters, In 1906, keeping In step
with the business trend Of the day,
the company erected its present
imposing office building on Eff
tenth street, near H street, in
en- the heart OF the financial dis
trict Of the city.
In April, 1913, after over twenty
i've years OF devotion to the bust
ness and to constructive effort in
behalf Of the city, Mr.. Rheem
passed away.
His life had been devoted to
Washington and his eminence as a
financfer and HE sterling qualities
had made him loved and respected
In the community.
In the reorganization which. fol.
lowed the death Of Mr.. Rheem,
Mr.. Swartzell remained president
OF the company. Mr.. Hensey was
elected vice-president and treasurer.
and Mr.. Luther SwartzelI became
vice-president ana secretary.
Mr.. Hensey, in addition to man.
aging the sales department of the
business, took charge Of the loans
and investment branch. which has
continued it's remarkable growth
under his able supervision and
direction.
Sons Enter Business.
In 1911, John N. swartseii. SON
Of G. w. r. SwartzelI, entered the
business, and, In 1918, Edmund d.
Rheem. son OF Clarence 3. Rheem,
became identified with the com.
pany.
In 1917 the company was again
reorganfzed with q. w. r. Swart-
eel, president; Mr.. Hensey, first
vice-president; Luther Swartzell,
second vice.president; Mr.. Rheem,
treasurer; and J. N. Swartzell,
secretary. Following the passing
Of O. W. F. Swartzell and Mr.. Hen
. sey, another reorganization took
place. with the election Of the fol-
lowing officers: Luther SwartzelI,
president; Edmund d. Rheem, vice.
president and treasurer; and j. N.
Swartzell, secretary. These execu.
tives represent the personnel Of the
company today.
In tracing the growth of Swart-
zel1. Rheem & Hensey Co. from
its foundation to the present time,
one feature which has played an
important part in the complete and
satisfactory service the company
has rendered its ever increasing
clientele Is the length Of service
and loyalty Of its office force.
It Ii an interesting fact that Of
this group Of men and women
which has increased from q mere
half dozen to over thirty, many
have been with the organization
Tor well over twenty years.
During recent years q new era
opened In the history Of this pro-
gresstve organization. The volume
or business has increased in I'M
precedented proportions. The eli
.entele extend to all parts OF the
world.
It has exerted a tremendous I'm.
flUence for good in the development
Of the city in the financing of
office buildings and apartment
houses and the developing Of sub
divisions.
And throughout the years of its
progress and its service to the com.
munity, IT has kept the pledge upon
which it founded its investment
business. mo loss to the investor"
Chicago Grain Market
CHICAGO. April S.-Grains
A~A~nI steady hara today