The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-04-01
|NVESTMENTC CD.
HAS BIRTHDAY
BY RICHARD HATTON

nlVersary OF one OF the Oldest invest.
ment houses in Washington.
On April !, 1859. the direct prede-
eessors Of the present Swattzell,
Rheem and Hensey Company,
Joshua whitney and Brainard H.
Warner opened offices ON Seventh
Street between G and H Streets
northwest.
Later the charter of this partner
ship was amended and the name Of
the organization changed to the
Swartzell, Rheem and Hensey Com
pany.
Thus, for considerably over half
e century the names, Swartzell,
Rheem and Hensey have been con-
nected with the development of the
city and the company's first mort.
gage investments secured on inn
proved Washington real estate have
made large sums Of invested capital
available for the physical growth
of the city.
In its early days, the company
mad been able to finance building
operations in a small way only,
but the gradual growth Of the loans
business made it possible to aid
broader lines.
In placing loans, Edmund d.
Rheem's father, Clarence B. Rheem
had conceived the idea of making
first mortgage notes in small de.
nominations so that the investor
might find safe channel in which
TO place his money in small
amounts
In this way, persons with three,
Tour or five hundred dollars might
invest their sums and at the same
time receive the benefit of the
same margin of safety and the same
service afforded these with larger
funds.
This convenient method of in.
Yestment at once proved popular,
ana the conservative manner in
which it was Invested proved the
greatest protection to those who
We're able to avail themselves Of
the service.
In its second half century of its
Journey, SWartzell, Rheem and
Hensey Company has a three. fold
ambition as a guiding star lighting
its way.
To Npromote the healthy develop
ment of the Capital City, by afford.
ing the meuls wherewith to in
crease its already great number
OF imposing, dignified buildings: to
supply modern and attractive homes
for the inhabitants of Washington,
worthy of the magnificent surround.
lngs which Congress has conferred
upon the city in its beautiful Gov
eminent buildings and parks, help |
ing to keep 1t on that pedestal on
which it now stands as the most |
beautiful city in the world; to en-
courage and promote thrift among
the people of the nation, by furnish
ing them a safe means Of invest
ment, however small, which will be |
judiciously managed and protected
by the knowledge gained from So |
years experience in this line of |
work; this is the purpose of the
company in the days to come.
The officers representing the per-
sonnet of Swartzell, Rheem and
Hensey Company today are: l.. AL
Swartzell. president: Edmund d. |
Rheem, first vice president; j. New
ton Brewer, second vice president
John I'll. Holmead, treasurer, and
George F. Hunt, secretary.
Organized only a. short time ago.
4he Commercial National Company
IS today mailing its first dividend
on its preferred stock to stock
holders of record March 90.
The progress made by the COM
pany is, almost phenomenal Ac.
cording to officials of the corpora
tion the prospects for the future
are bright and the business of the
present is satisfactory.
. The Commercial National Com.
pany was organized in 1926 and
is controlled by the stockholders of |
the Commercial National Bank
The officers and directors of the |
bank are, also, the officers and |
directors of the Commercial Ma. |
tional Company which does it's
principal business in the making |
and selling of deed Of trust loans
secured by first and second trusts |
on improved real estate in the
District of Columbia and vicinity A |
large volume of business has been I
transacted since the organization of /
the company.
Thirteen thousand employees of |
Swift and Company will receive
checks today. aggregating $3.50 000 |
as their share in the regular quar-. |
terly dividend Of the company Many !
Of the $4,000 employees own a total |
of $18,000,000 worth Of stock in the
company, and their annual dividends |
reach the comfortable total of ST..
440, 900.
The company has afforded its en-
p1oyes special facilities for acauir- |
ing stock, limited amounts of it |
being sold at par other shares being /
sold at the market value on ex-
tended payments, thus making the |
purchase easy.
nnrnnIInA1 nrnnEmEmr