Evening star., 1938-12-28
NEW YORK STOCK EXCHANGE Bro
Brown Hartman &Co,
Adopts New Name 10
Avoid Confusion
Security Firm Will Be
Known as Horrimon,
Ripley & Co.
Special Dispatch to the Star.

Special Dispatch to the Star.
NEW YORK, Dec. 2s.-Brown
Hartman & Co.. Inc, investment
bankers, will be known as Hartman
Ripley & Co., Inc, effective January
l, 1889, it was announced today by
Joseph P. Ripley, president.
The primary reason for the change
lies in the occasional confusion
created by the similarity of its old
name with that of the private bank
ing firm of Brown Brothers Harri-
man & Co., which is one Of the
Oldest commercial banking firms in
the country. The new name Harri-
man Ripley & Co., Inc, will better
serve to distinguish the corporation
from other concerns and to estab-
lish its individuality. There will be
no change in ownership of the
corporation. and, except for the
change of name, it will continue as
in the past in the investment bank
ing business as an underwater of
capital issues and as a dealer in
United States Government, State.
county and municipal bonds, and in
public utility. railroad, industrial
and other investment securities.
Represented in ID. C.
The principal Offices of the cor
poration are located in New York
City, Boston, Philadelphia and Chi
cago, with branches or direct repre-
sentation in Cleveland. Cincinnati,
Detroit, Hartford. Indianapolis, Min
neapolis, Pittsburgh, Providence,
Reading, San Francisco. Syracuse,
Washington and other leading cities.
In Europe its correspondents are
Brown Hartman & Co.. Ltd,
British corporation with headquar-
tiers in London, which will continue
to operate under that name in the
underwriting Of capital issues in the
London and continental markets.
Joseph P. Ripley, president and
director of Hartman Ripley & Co.,
Inc, has headed Brown Hartman
& Co., Inc, since 1t commenced
business in June, 1884. He first be-
came associated with w. Averell
Hartman and E. Roland Hartman
about II years ago when he joined
the investment house OF w. A.
Hartman g. Co., Inc Subsequently
he was with the National City Co.
as vice president and later as execu-
tive president, In which capacity
he directed the affairs Of the City
Co. until he resigned in 1884 and
resumed hts association with the
Harrimans on becoming president
of Brown Hartman & Co., Inc,
which will now carry on under the
name of Hartman Ripley & Co.,
Inc.
Garland Goes to Baltimore.
The other directors of the corpora
ton are Pierpont v. Davis, Hendrix
r. Jolles, Willet c. Roper and Hor-
ace c. Sylvester. jr.. all of whom took
part in its organization and have
been active in the management of
its affairs throughout the past four
and half years. In addition to his
duties as director, Mr.. Sylvester
will continue as vice president in
charge Of the sales, trading and
municipal departments. Pierpont
v. Davis likewise continues as vice
president in charge of the buying
department, whose activities have
been under his direction since June,
1884. Hendrix r. Jolles is vice presi-
dent responsible for foreign business
and director of Brown Hartman &
Co., Ltd, of London Willet c. Ro-
per is secretary and treasurer
Charles S. Garland, director and
vice president, with headquarters in
Chicago, will become general part
ner of Alex Brown & Sons, invest
ment bankers, Baltimore, Md.